FIRST ORDER OF BUSINESS Mr. Hernandez called the meeting to order and called roll.

Mayfair Community Development District August 7, 2017

MINUTES OF MEETING MAYFAIR COMMUNITY DEVELOPMENT DISTRICT The regular meeting of the Board of Supervisors of the Mayfair Community Development District was held on June 5, 2017 at 11:00 a.m. at the offices of SH Communities, 3999 South Babcock Street, Melbourne, Florida. Present and constituting a quorum were: Alex Aguirre Jerry Aguirre Maria Saiz Vice Chairman Assistant Secretary Assistant Secretary Also present were: Luis Hernandez Ginger Wald Jerry Aguirre Jr. District Manager District Counsel (by phone) Southern Homes FIRST ORDER OF BUSINESS Roll Call Mr. Hernandez called the meeting to order and called roll. SECOND ORDER OF BUSINESS Approval of the Minutes of the September 12, 2016 Meeting Mr. Hernandez: Moving forward, next we have the Approval of the Minutes of the September 12, 2016 Meeting. This would be the time for any changes, corrections, additions or deletions. If there are none, a motion to approve them would be in order. On MOTION by Mr. Alex Aguirre seconded by Ms. Saiz with all in favor the Minutes of the September 12, 2016 Meeting were approved. THIRD ORDER OF BUSINESS Consideration of Resolution #2017-01 Approving the Fiscal Year 2018 Budget and Setting the Public Hearing Mr. Hernandez: Moving forward, the next item is Consideration of Resolution #2017-01 Approving the Proposed Fiscal Year 2018 Budget and Setting the Public

June 5, 2017 Mayfair CDD Hearing. Before we discuss the resolution you will see the proposed budget under Section III. The District estimates that the expenses will be the same as this year, which means that there will be no increase or changes. Unless anyone has any questions regarding the budget, we can move on to the resolution. By law we have to give at least 60 days from today before we can adopt the final budget, which means the earliest we can adopt it would be August 7 th. Would that work for everyone? The latest we can do it would be September 11 th. The only problem we have with waiting until September 11 th is that if for any reason we do not have a quorum, the latest we can adopt the budget would be September 15 th so my suggestion would be either August 7 th or we can make a special meeting for another day. Mr. Jerry Aguirre: No, let s do August. Mr. Alex Aguirre: That is fine. Ms. Saiz: Yes. Mr. Hernandez: Okay we just want to make sure we will have quorum, and at the same time I just want to indicate that the public hearing will be at the same time and place as our regular meeting at Southern Homes, 3999 South Babcock Street, Melbourne, Florida at 11:00 a.m. So with that being said, I will fill in the resolution to read all of that, and I just need a motion to approve Resolution #2017-01 at this time. On MOTION by Mr. Jerry Aguirre seconded by Ms. Saiz with all in favor Resolution #2017-01 Approving the Fiscal Year 2018 Budget and Setting the Public Hearing was approved; and the public hearing was set for August 7, 2017 at 11:00 a.m. at the offices of SH Communities, 3999 South Babcock Street, Melbourne, Florida. FOURTH ORDER OF BUSINESS Discussion of Procedures for the Landowners Election November 6, 2017 Mr. Hernandez: Moving forward, Discussion of Procedures for the Landowners Election. The District will be having a landowners election on November 6, 2017. We have included a copy of the agenda for the meeting, and at the same time, we also 2

June 5, 2017 Mayfair CDD included a copy of the official ballot. There will be three seats up for election, which are Seats #1, #2, and #3. We also have provided a copy of the proxy so that any landowner will be able to appoint someone to exercise their voting rights. And the last page is a copy of the advertisement that will be placed to fulfill the requirements as per the Florida Statutes. With that being said, unless anyone has any questions, a motion to approve the landowners procedures would be in order. On MOTION by Mr. Alex Aguirre seconded by Ms. Saiz with all in favor the procedures for the landowners election were approved. FIFTH ORDER OF BUSINESS Staff Reports A. Attorney There not being any report, the next item followed. B. Engineer There not being any report, the next item followed. C. Manager - Number of Registered Voters in the District 0 Mr. Hernandez: Under Manager, I only need to indicate that the District has received from the Brevard County Supervisor of Elections office a letter indicating that the number of registered voters in the District is zero. The importance of that is when the District reaches 250 registered voters and six years of establishment, the election of the Supervisors will start to shift to the Supervisor of Elections office. At this point the District has reached the six year timeframe, but we have not reached the 250 registered voters yet. Therefore we are continuing to have landowners elections until we reach both of those requirements. SIXTH ORDER OF BUSINESS Financial Reports A. Approval of Check Run Summary B. Balance Sheet and Income Statement Mr. Hernandez: Next we have the Financial Reports. Behind tab A we have the Check Run Summary and behind tab B is the Balance Sheet and Income Statement. Unless anyone has any questions, a motion to approve them would be in order. 3

June 5, 2017 Mayfair CDD On MOTION by Mr. Jerry Aguirre seconded by Mr. Alex Aguirre with all in favor the Check Run Summary and the Balance Sheet and Income Statement were approved. SEVENTH ORDER OF BUSINESS Supervisors Requests and Audience Comments There not being any, the next item followed. EIGHTH ORDER OF BUSINESS Adjournment Mr. Hernandez: Unless anyone has any other District business to discuss, a motion to adjourn would be in order. On MOTION by Mr. Alex Aguirre seconded by Ms. Saiz with all in favor the meeting was adjourned. Secretary / Assistant Secretary Chairman / Vice Chairman 4

RESOLUTION 2017-03 A RESOLUTION LEVYING A NON AD VALOREM MAINTENANCE ASSESSMENT FOR THE GENERAL FUND AND ADOPTING AN ASSESSMENT ROLL OF THE MAYFAIR COMMUNITY DEVELOPMENT DISTRICT FOR FISCAL YEAR 2018 WHEREAS, certain improvements exist within the Mayfair Community Development District (the District ) and certain costs associated with the operation, repairs and maintenance of these improvements are being incurred; and WHEREAS, the Board of Supervisors of the Mayfair Community Development District (the Board ) find that the District's total General Fund Assessment during Fiscal Year 2018, will amount to $ 10,752.69 ; and WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect on the tax roll pursuant to the Uniform Method authorized by Chapter 197, Florida Statutes; Alternatively, the district may choose to directly collect and enforce all or a portion of the debt service assessment. WHEREAS, the Board finds that the costs of administration of the Debt Service Fund provide special and peculiar benefit to certain property within the District; and WHEREAS, the Board finds that the assessments on the affected parcels of property to pay for the special and peculiar benefits are fairly and reasonably apportioned in proportion to the benefits received; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE MAYFAIR COMMUNITY DEVELOPMENT DISTRICT OF BREVARD COUNTY, FLORIDA, THAT; Section 1. A special assessment for maintenance as provided for in Chapter 190 Florida Statutes (hereinafter referred to as assessment or assessments ) is hereby levied on all assessable land within the District.

Section 2. That the collection and enforcement of the aforesaid assessments on assessable lands within the District shall be by the Tax Collector serving as agent of the State of Florida in Brevard County ( Tax Collector ) and shall be at the same time and in like manner as ad valorem taxes and subject to all ad valorem tax collection and enforcement procedures which attend the use of the official annual tax notice under Section 190.021(3), Florida Statutes. Alternatively, the District may choose to directly collect and enforce all or a portion of these assessments. Section 3. That a portion of said assessment levies on the assessable lands within the District as shown in the Assessment Roll, Exhibit A, are hereby certified to the Brevard County Property Appraiser, to be extended on the Brevard County Tax Roll and shall be collected by the Tax Collector in the same manner and time as Brevard County taxes pursuant to the uniform collection methodology Section 197.3632, Florida Statutes. The proceeds therefrom shall be paid to the District. The chairman of the Board of the District shall designate the District Manager these certification duties. The balance of said assessment levies as shown in the Assessment Roll, Exhibit A, are directly assessed to the landowner(s) by the District pursuant to Chapters 170 and 190, Florida Statutes. Section 4. The District Manager shall keep appraised of all updates made to the Brevard County property roll by the Property Appraiser after the date of this Resolution, and shall amend the District s Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the Brevard County property roll. After any amendment of the Assessment Roll, the District Manager shall file updates to the Assessment Roll in the District records. Section 5 Be it further resolved, that a copy of this Resolution be transmitted to the proper public and governmental officials so that its purpose and effect may be carried out in accordance with law. PASSED AND ADOPTED this 7 th day of August, 2017, by the Board of Supervisors of the Mayfair Community Development District, Brevard County, Florida. Secretary / Assistant Secretary Chairman / Vice Chairman

Exhibit A Assessment Roll

MAYFAm COMMUNITY DEVELOPMENT DISTRICT BASIC FINANCIAL STATEMENTS TOGETHER WITH REPORTS OF INDEPENDENT AUDITOR YEAR ENDED SEPTEMBER 30, 2016

TABLE OF CONTENTS Page(s) INDEPENDENT AUDITOR'S REPORT........................ 1-3 MANAGEMENT'S DISCUSSION AND ANALYSIS.................... 4-8 BASIC FINANCIAL STATEMENTS GOVERNMENT-WIDE FINANCIAL STATEMENTS: Statement of Net Position.............................. Statement of Activities.............................................. 9 10 FUND FINANCIAL STATEMENTS: Balance Sheet - Governmental Funds..................................................................... 11 Reconciliation of the Balance Sheet - Governmental Funds to the Statement of Net Position.......................................................................... 12 Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds................................................................ 13 Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities................................................................................. 14 NOTES TO THE FINANCIAL STATEMENTS...................................... 15-24 REQUIRED SUPPLEMENTARY INFORMATION OTHER THAN MD&A Budget to Actual Comparison Schedule - General Fund.................................................. 25 ADDITIONAL REPORTS OF INDEPENDENT AUDITOR Independent Auditor's Report on Internal Control Over Financial Reporting and on Compliance and Other Matters Based on an Audit of Basic Financial Statements Performed in Accordance with Government Auditing Standards............................................................................ 26-27 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............................................................. 28 Management Letter Required by Chapter 10.550 of the Rules of the Auditor General of the State of Florida......................... 29-31

INTEGRITY... KNOWLEDGE... SERVI CE... COMMITMENT Independent Auditor's Report To the Board of Supervisors Mayfair Community Development District Melbourne, Florida Report of the Financial Statements We have audited the accompanying financial statements of the governmental activities, and each major fund, of Mayfair Community Development District (the "District") as of and for the year ended September 30, 2016 and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents. Managements Responsibility for the Financial Statements 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; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error. Auditor's Responsibility Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the united States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement. An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing Affiliations Florida Institute of Certified Public Accountants American Institute of Certified Public Accountants - Management Consulting Services Division/Private Companies Practice Section/Tax Division 1-855-STROEMER www.stroemercpa.com 14030 Metropolis Avenue, Suite 200, Fort Myers, FL 33912 Aventura Fort Myers Jacksonville Naples Orlando Sanibel Tampa West Palm Beach' 'By Appointment Only

Mayfair Community Development District Page 2 on opinion on the effectiveness of the entity's internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions. Opinions In our opinion, the financial statements referred to above present fairly, in all material respects, the financial position of the governmental activities and each major fund of the District as of September 30, 2016, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America. Other Matters Required Supplementary Information Accounting principles generally accepted in the United States of America require that the management's discussion and analysis and the budgetary comparison information, as listed in the table of contents, be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with managements' responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance. Other Reporting Required by Government Auditing Standards In accordance with Government Auditing Standards, we have also issued our report dated June 19, 2017, on our consideration of the District's internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts and grant testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the 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.

Mayfair Community Development District Page 3 Report on Other Legal and Regulatory Requirements We have also issued our report dated June 19, 2017, on our consideration of the District's compliance with the requirements of Section 218. 415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. STROEMER & COMP ANY, LL Aventura, Florida June 19, 2017 c (j l ll..

MANAGEMENT'S DISCUSSION AND ANALYSIS (MD&A)

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) September 30, 2016 Page 4of31 Management's discussion and analysis of Mayfair Community Development District (the "District") financial performance provides an objective and easily readable analysis of the District's financial activities. The analysis provides summary financial information for the District and should be read in conjunction with the District's financial statements. Overview of the Financial Statements The District's basic financial statements are comprised of two components; 1) Government-wide financial statements, and 2) Fund financial statements. The Government-wide financial statements present an overall picture of the District's financial position and results of operation. The Fund financial statements present financial information for the District's major funds. The notes to the financial statements provide additional information concerning the District's finances. The Government-wide financial statements consist of the statement of net position and the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position of governmental activities and the change in the net position. Governmental activities are primarily supported by assessments. The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Net position is reported in three categories; 1) invested in capital assets, net of related debt, 2) restricted, and 3) unrestricted. Assets, liabilities, and net position are reported for all Governmental activities. The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major functions and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. Governmental activities financed by the District include general government. The District does not have any business-type activities. Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes in current financial resources (revenues and expenditures), and current available resources. Fund financial statements include a balance sheet and a statement of revenues, expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances - budget to actual, is provided for the District's General Fund. Fund financial statements provide more detailed information about the District's activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) September 30, 2016 Page 5 of3 l The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District's financial standing. These statements are comparable to private sector companies and give a good understanding of the District's overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of the District, including buildings, land and roads are reported in the statement of net position. All liabilities, including principal outstanding on bonds, and future employee benefits obligated but not paid by the District, are included. The statement of activities includes depreciation on all long lived assets of the District, but transactions between the different functions of the District have been eliminated in order to avoid 11 doubling up 11 the revenues and expenses. The fund financial statements provide a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long term liabilities, such as general obligation bonds, are not included in the fund financial statements. To provide a link from the fund financial statements to the government-wide financial statements, a reconciliation is provided. Financial Highlights General Highlights The following are highlights of the financial activity for the year ended September 30, 2016. The District's total assets exceeded total liabilities by $1,481, 799 (net position). Unrestricted net deficit for Governmental Activities was $6,201 Governmental Activities revenues and expenses totaled $10,802 and $20,049, respectively.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) September 30, 2016 Page 6of31 Financial Analysis of the District The following schedule provides a summary of the assets, liabilities and net position of the District. It is not intended to be a complete presentation of government-wide financial activity. Net Position September 30, 2016 2015 Change Current assets Capital assets, net $ 9,305 1,488,000 $ 6,978 1,488,000 $ 2,327 Total assets 1,497,305 1,494,978 2,327 Current liabilities Non-current liabilities 15,506 3,931 11,575 Total liabilities 15,506 3,931 11,575 Net Position Invested in capital assets, net of related debt Unrestricted 1,488,000 (6,201) 1,488,000 3,047 (9,248) Total net position $ 1,481,799 $ 1,491,047 $ (9,248) For the year ended September 30, 2016 total assets increased $2,327 and total liabilities increased $11,575. The increase in assets is attributable to the timing of invoices being received and paid close to year end, and the increase in liabilities is attributable to certain vendors agreeing to have their invoices paid later than usual.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) September 30, 2016 Page 7of31 The following schedule provides a summary of the changes in net position of the District and is presented at the government-wide level for comparison purposes. It is not intended to be a complete presentation of the District-wide financial activity. Change in Net Position Program Revenues Charges for service Grants and contributions Other revenues Total revenues $ 2016 10,323 $ 479 10,802 2015 9,106 $ 16,806 1,576,250 1,602, 162 Change 1,217 (16,327) (1,576,250) (1,591,360) Expenses General government Interest on long-term debt Total expenses 20,050 20 050 16,788 10,764 27 552 3 262 (10,764) (7,502) Change in Net Position (9,248) 1,574,610 (1,583,858) Net Position - Beginning of year 1,491,047 (83,563) 1,574 610 Net Position - End of year $ 1,481,799 $ 1,491,047 $ (9,248) ==~======== The decrease in total revenues and change in net position is due to the contribution from the Developer that was made in the prior year, which was used to pay off the District's outstanding bond obligations The reduction in total expenses is due primarily to not having any interest expense in the current year.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT MANAGEMENT'S DISCUSSION AND ANALYSIS (UNAUDITED) September 30, 2016 Page 8of31 Capital Assets and Debt Administration Capital Assets Activity The following schedule provides a summary of the District's capital assets activity as of September 30, 2016 and 2015. Description 2016 2015 Change Construction in progress $ 1 488,000 $ 1,488,000 "'- $ -~--- There is no depreciation expense for the year ended September 30, 2016. More information about the District's capital assets is presented in Note B to the financial statements. Debt Administration The District has no outstanding debt. General Fund Budgetary Highlights Actual expenses were lower than budgeted amount due to lower than anticipated expenditures for certain general government expenses. The original adopted budget was amended during the year. Budget revenues and expenses were reduced by $42,020. Future Financial Factors The District is an independent special district that operates under the provisions of Chapter 190, Florida Statutes. The district operates under an elected Board of Supervisors, which establishes policy and sets assessments rates. Assessment rates for fiscal year 2016 were established to provide for the operations of the District. Request for Information The financial report is designed to provide a general overview of Mayfair Community Development District's finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Governmental Management Ser\rices, 5385 N. Nob Hill Road, Sunrise, Florida 33351.

BASIC FINANCIAL STATEMENTS

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF NET POSITION September 30, 2016 ASSETS Cash and cash equivalents Prepaid expenses Capital assets: N ondepreciable TOTAL ASSETS Governmental Activities $ 5,225 4,080 Page 9 of3 l 1,488,000 1,497,305 DEFERRED OUTFLOWS OF SOURCES LIABILITIES Accounts payable Deferred revenue 11,426 4,080 Non-current liabilities: TOT AL LIABILITIES 15,506 DEFERRED INFLOWS OF RESOURCES NET POSITION Investment in capital assets, net of related debt Unrestricted TOT AL NET POSITION 1,488,000 (6,201) $ 1,481,799 The accompanying notes are an integral part of this statement.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF ACTIVITIES Year ended September 30, 2016 Page 10 of31 Program Revenues Net (Expense) Revenue and Changes in Net Position Functions/Programs GOVERNMENT AL ACTIVITIES General government Physical environment Total Governmental Activities Charges for Expenses Services Contributions $ (20,050) $ 10,323 $ 479 $ ~20,050) $ 10,323 $ 479 Governmental Activities $ (9,248) ~ 9, 248 ) TOT AL PRIMARY -GOVERNMENT $ (20,050) $ 10,323 -'= $ === 4_7_9 (9,248) CHANGE IN NET POSITION (9,248) NET POSITION OCTOBER 1, 2015 NET POSITION SEPTEMBER 30, 2016 1,491,047 $ 1,481,799 The accompanying notes are an integral part of this statement.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT Page 11 of 31 BALANCE SHEET- GOVERNMENTAL FUNDS September 30, 2016 Total General Non Major Governmental Fund Fund Funds ASSETS Cash and cash equivalents $ 5,225 $ - $ 5,225 Due (to) from other funds 4,200 (4,200) Prepaid expenses 4,080 4,080 TOT AL ASSETS $ 13,505 $ (4,200) $ 9,305 LIABILITIES AND FUND BALANCES LIABILITIES Accounts payable $ 11,426 $ - $ 11,426 Deferred revenue 4,080 4,080 TOT AL LIABILITIES 15,506 15,506 FUND BALANCES (DEFICIT) Nonspendable 4,080 4,080 Unassigned (6,081) (4,200) (10,281) TOTAL FUND DEFICITS (2,001) (4 200) (6,201) TOT AL LIABILITIES AND FUND BALANCES (DEFICIT) $ 13,505 $ (4,200) $ 9,305 The accompanying notes are an integral part of this statement.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT RECONCILIATION OF THE BALANCE SHEET- GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION September 30, 2016 Page 12of31 Total governmental fund balances Amount $ (6,201) 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. Capital assets not being depreciated Total net position of governmental activities 1,488,000 $ 1,481,799 The accompanying notes are an integral part of this statement.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS Year ended September 30, 2016 Page 13 of31 Total General Non Major Governmental Fund Fund Funds REVENUES Developer contributions $ 479 $ - $ 479 Assessments 10,323 10,323 TOT AL REVENUES 10,802 10,802 EXPENDITURES Current: General government 20,050 20,050 Debt service: TOT AL EXPENDITURES 20,050 20,050 Excess (Deficiency) of Revenues Over (Under) Expenditures $ (9,248) $ - $ (9,248) NET CHANGE IN FUND BALANCES (9,248) (9,248) Fund balance (deficit) - October 1, 2015 7>247 (4,200) 3,047 Fund deficit - September 30, 2016 $ {2,001) $ { 4,200) $ ~ 6, 201 ) The accompanying notes are an integral part of this statement.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES September 30, 2016 Page 14 of3 l There are no differences between the change in fund balances as stated on the Statement of Revenues, Expenditures and Changes in Fund Balances and the change in net position on the Statement of Activities. The change on both statements is ($9,248). The accompanying notes are an integral part of this statement.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT NOTES TO FINANCIAL STATEMENTS September 30, 2016 Page 15 of31 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES The financial statements of Mayfair Community Development District (the "District) have been prepared in accordance with generally accepted accounting principles ( 11 GAAP 11 ) as applied to governmental units. The Governmental Accounting Standards Board ('GASB ") is the accepted standard-setting body for establishing governmental accounting and financial reporting principle. The District's significant accounting policies are described below. Reporting Entity The District was established on April 10, 2007 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes, by the City of Melbourne, Florida Ordinance No. 2007-20 (collectively referred to as the "Act"). The Act provides, among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purposes of financing and managing the acquisition, construction, maintenance, and operation of a portion of the infrastructure necessary for community development within the District. The District is governed by a five-member Board of Supervisors ("the Board"), who are elected on an at large basis by owners of the property within the District. Among the primary powers, which the Act provides, the Board may exercise is the power to assess and levy special assessments, approve budgets, exercise control over facilities and properties, control the use of funds generated by the District, approve the hiring and firing of key personnel, and financing improvements. Certain Board members are affiliated with the Developer, Southern Homes. As required by GAAP, these financial statements present the Mayfair Community Development District (the primary government), as a stand-alone government. The reporting entity for the District includes all functions of government in which the District's Board exercises oversight responsibility which includes, but is not limited to, financial interdependency, selection of governing authority, designation of management, significant ability to influence operations and accountability for fiscal matters. As of September 30, 2016, the District has identified no component units.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT NOTES TO FINANCIAL STATEMENTS September 30, 2016 Page 16of31 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Basis of Presentation The basic financial statements of the District are comprised of the following : Government-wide Financial Statements The government-wide financial statements (i.e., the Statement of Net Position and the Statement of Activities) report information on all the non-fiduciary activities of the primary government. Governmental activities, which normally are supported by assessments, are reported separately from business-type activities, which rely to a significant extent on fees and charges for support from these statements. Governmental activities, which normally are supported by special assessments and interest, are reported separately from business-type activities. Program revenues included charges for services and special assessments. Program revenues are netted with program expenses in the Statement of Activities to present the net cost of each program. The District did not have any business-type activities during the year ended September 30, 2016. Amounts paid to acquire capital assets are capitalized as assets, rather than reported as an expenditure. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements, rather than as an other financial source. Amounts paid to reduce long-term indebtedness of the District are reported as a reduction of the related liability, rather than as an expenditure. Fund Financial Statements In the fund financial statements, financial transactions and accounts of the District are organized on the basis of funds each of which is considered a separate accounting entity. Each fund is accounted for by a separate set of self-balancing accounts that comprise its assets, liabilities, fund balance/net position, revenues and expenditures/expenses. The individual funds account for the governmental resources allocated to them for the purpose of carrying on specific activities in accordance with laws, regulations, or other restrictions. Since the governmental fund statements are presented on a different measurement focus and basis of accounting the government-wide statements, a reconciliation is presented which briefly explains the adjustments necessary to reconcile the fund financial statements to the government-wide financial statements. The following is a brief description of the specific funds used by the District.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT NOTES TO FINANCIAL STATEMENTS September 30, 2016 Page 17of31 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Basis of Presentation, continued Governmental Major Funds General Fund - this fund is the District's primary operating fund. It accounts for all financial resources of the general government, except those required to accounted for in another fund. Debt Service Fund - this fund accounts for debt service requirements for the District's outstanding long-term debt obligations. For the year ended September 30, 2016, the District does not have any proprietary funds. Measurement Focus and Basis of Accounting The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. All assets and liabilities of the District are recorded in these financial statements. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of the related cash flow. Special assessments are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenue as soon as all eligibility requirements imposed by the granter agency have been met. The governmenta~ funds use the flow of current financial resources measurement focus and the modified accrual basis of accounting. Under this method, revenues are recognized when susceptible to accrual (i.e., when they are both "measurable and available"). "Measurable" means the amount of the transaction can be determined and "available" means collectible within the current period or soon enough thereafter to pay liabilities of the current period. The District considers revenues to be available if they are collected within 60 days after year-end. Special assessments and interest are susceptible to accrual. Intergovernmental revenues collected and held by other governments are also recognized as revenue. Other receipts become measurable and available when cash is received by the District and are recognized as revenue at that time. Expenditures are recognized in the accounting period in which the fund liability is incurred except for un-matured interest on debt which is recognized when due.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT NOTES TO FINANCIAL STATEMENTS September 30, 2016 Page 18of31 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Measurement Focus and Basis of Accounting, continued Assessments, including debt service assessments along with operation and maintenance assessments, are non-ad valorem special assessments imposed on all lands located within the District and benefited by the District's activities, operation and maintenance. Assessments are levied and certified for collection by the District prior to the start of the fiscal year which begins October 1st and ends on September 30th. Operation and maintenance special assessments are imposed upon all benefited lands located in the District. Debt service special assessments are imposed upon certain lots and lands as described in each resolution imposing the special assessment for each series of bonds issued by the District. Developer contributions and interest associated with the current fiscal period are all considered to be susceptible to accrual and have been recognized as revenues of the current fiscal period. All other revenue items are considered to be measurable and available only when cash is received by the District. When both restricted and unrestricted resources are available for use, it is the District's policy to use restricted resources first, then unrestricted resources as they are needed. When an expenditure is incurred for which committed, assigned, or unassigned fund balances are available, the District considers amounts to have been spent first out of committed funds, then assigned funds and finally unassigned funds, as needed, unless the District's Board had provided otherwise in its commitment or assignment actions. Cash, Cash Equivalents and Investments Florida Statutes require state and local governmental units to deposit monies with financial institutions classified as "Qualified Public Depositories", a multiple financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds. This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits. The District is authorized to invest in financial instruments as established by Section 218.415, Florida Statutes. The authorized investments include among others, direct obligations of the United States Treasury; the Local Government Surplus Funds Trust as created by Section 218.405, Florida Statutes; SEC registered money market funds

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT NOTES TO FINANCIAL STATEMENTS September 30, 2016 Page 19 of31 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Cash, Cash Equivalents and Investments, continued with the highest credit quality rating from a nationally recognized rating agency; and interest-bearing time deposits or savings accounts in authorized financial institutions. Inter.fund Activity Activity between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as "due to/from other funds". Any residual balances outstanding between the governmental activities and business-type activities are reported as "internal balances" Capital Assets Capital assets, which primarily include infrastructure assets (roads, sidewalks, water management systems and similar items), are reported in the governmental activities column in the government-wide financial statements. The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of two years The valuation basis for all assets is historical cost. Donated capital assets are recorded at estimated fair value at the date of donation. The costs of normal maintenance and repairs that do not add to the value of the assets or materially extend its useful life are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed. Depreciation of capital assets is computed and recorded by utilizing the straight-line method over the estimated useful life of the depreciable assets as follows: Asset Roadways and other Water and sewer systems Recreation and security Furniture, fixtures and equipment Years 40 5-40 5-30 5

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT NOTES TO FINANCIAL STATEMENTS September 30, 2016 Page 20of31 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED 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 over the life of the bonds using the straight-line or effective interest method. Bonds payable are reported net of these premiums or discounts. Issuance costs, whether or not withheld form the actual debt proceeds received, are reported as current period expenses. In the fund financial statements, government fund types recognize bond premiums and discounts during the current period. The face amount of the 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 Outjlowsllnffows of Resources In addition to assets, the Statement of Net Position will sometimes include a separate section for deferred outflows of resources. This separate financial statement element represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow ofresources (expense/expenditure) until then. The District does not have any of this type of item at September 30, 2016. In addition to liabilities, the Statement of Net Position will sometimes include a separate section for deferred inflows of resources. This separate financial statement element represents a acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until then. The District does not have any ofth~s type of item at September 30, 2016. Fund Equity Net position in the government-wide financial statements represents the difference between assets and deferred outflows of resources and liabilities and deferred inflows of resources and is categorized as net investment in capital assets, restricted, or unrestricted. Net investment in capital assets represents assets related to infrastructure and property, plant and equipment, net of any related debt. Restricted net position represents the net position restricted for debt service.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT NOTES TO FINANCIAL STATEMENTS September 30, 2016 Page21 of31 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Fund Equity, continued In accordance with GASB No. 54 "Fund Balance Reporting and Governmental Fund Type Definitions", the District has policies governing the following fund balance classifications: Nonspendable - this classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact. Restricted - this classification includes amounts that can be spent only for specific purposes stipulated by constitution, external providers, or through enabling legislation. Committed - this classification includes amounts that are constrained for specific purposes imposed by the District's Board. Assigned - this classification consists of amounts that the Board intends to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District's management company. Unassigned - this classification is the residual classification for the government's general fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance is considered to be utilized first when an expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used. Budgets Budgets are prepared and adopted after public hearings for the governmental funds, pursuant to the requirements of Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. Formal budgets are adopted for the general, debt service, and business funds. As a result, deficits in the budget columns of the accompanying financial statements may occur.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT NOTES TO FINANCIAL STATEMENTS September 30, 2016 Page 22 of31 NOTE A - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, CONTINUED Budgets, continued The District follows these procedures in establishing the budgetary data reflected in the financial statements: Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1. A public hearing is conducted to obtain comments. Prior to October 1, the budget is legally adopted by the District Board. All significant budget changes must be approved by the District Board. Budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America. Use of Estimates The preparation of financial statements in accordance with accounting principles generally accepted in the United States of America requires the District to make estimates and assumptions that affect the reported amounts of assets, liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. NOTE B- CAPITAL ASSETS Capital assets activity for the year ended September 30, 2016 is as follows : Balance Balance Government Activities 10/01/2015 Additions Dis_Qosals 9/30/2016 Capital assets, not being depreciated: Construction in progress $ 1,488,000 $ - $ - $ 1,488,000 Total capital assets, not being depreciated 1,488,000 1,488,000 Governmental activities capital assets $ 1,488,000 $ - $ - $ 1,488,000 As discussed in Note E, the District has ceased substantially all activities. The future of the project is unknown.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT NOTES TO FINANCIAL STATEMENTS September 30, 2016 Page 23 of3 l NOTE C - RISK MANAGEMENT The government is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; and natural disasters for which the government carries commercial insurance. NOTED - 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 (Board appointed, non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting and other administrative costs. NOTE E- RELATED PARTY TRANSACTIONS A significant portion of the District's activity is dependent upon the continued involvement of the Developer, Southern Homes, the loss of which could have a material adverse effect on the District's operations. During the year ended September 30, 2016, the Developer contributed $479 to pay for operations and maintenance expenses incurred by the District. Additionally, the District directly assessed the Developer $10,323 for operating and maintenance assessments. The District has decided to cease substantially all activities. For the fore&eeable future, The District is only going to have general operating activities. The Developer is in the process of defining what the long-term plan for the community is and will not start any additional construction until the plan is finalized. NOTE F- INTERFUND ACTIVITY The outstanding balances between funds is a result of the District maintaining one bank account, which is held in the general fund. All activity in the debt service and non-major funds are recorded as due to/from other funds.

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT NOTES TO FINANCIAL STATEMENTS September 30, 2016 Page 24of31 NOTE G - SUBSEQUENT EVENTS Pursuant to the provisions set forth in GASB Statement No. 56, "Subsequent Events", management has considered subsequent events through June 19, 2017, the date the audit report was available to be issued.

SUPPLEMENTARY INFORMATION

INTEGRITY... KN OWLED GE... SERVICE... COMMITMENT Page 26of31 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 Board of Supervisors Mayfair Community Development District We have audited, in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Governmental Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Mayfair Community Development District (the "District"), as of and for the year ended September 30, 2016, and the related notes to the financial statements, which collectively comprise the District's basic financial statements, and have issued our report thereon dated June 19, 2017. 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. Affiliations Florida Institute of Certified Public Accountants American Institute of Certified Public Accountants - Management Consulting Services Division/Private Companies Practice Section/Tax Division 1-855-STROEMER www.stroemercpa.com 14030 Metropolis Avenue, Suite 200, Fort Myers, FL 33912 Aventura Fort Myers Jacksonville Naples Orlando' Sanibel + Tampa' + West Palm Beach' 'By Appointment Only

MAYFAIR COMMUNITY DEVELOPMENT DISTRICT BUDGET TO ACTUAL COMPARISON SCHEDULE - GENERAL FUND Year ended September 30, 2016 Page 25of31 Variance with Original Final Final Budget Budget Budget Actual Over {Under) REVENUES Assessments $ 25,000 $ 10,000 $ 10,323 $ 323 Developer contributions 42,506 15,486 479 (1 5,007) Total revenues 67,506 25,486 10,802 (14,684) EXPENDITURES General government 67,506 25,486 20,050 (5,436) Physical environment Total expenditures 67,506 25,486 20,050 {5,436) EXCESS OF REVENUES OVER EXPENSES $ - $ - $ ~ 9,248) $ ~ 9,248)

ADDITIONAL REPORTS OF INDEPENDENT AUDITOR AND MANAGEMENT LETTER

Our consideration of the 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 over financial reporting that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified. Compliance and Other Matters Page 27of31 As part of obtaining reasonable assurance about whether the District's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have 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. \ t STROEMER & COMP ANY, LLC Aventura, Florida June 19, 2017

INTEGRITY..... KNOWLEDGE..... SERVICE.... COMMITMENT Page 28of31 Independent Auditor's Report On Compliance With The Requirements of ection 218.415, Florida Statut s, Required by Rule 10.556(10) Of The Auditor General Of The State Of Florida Board of Supervisors Mayfair Community Development District City of Melbourne, Florida We have examined Mayfair Community Development District (the 11 District 11 ) 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, 2016. 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 and, accordingly, included examining, on a test basis, evidence about the District's compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not,provide a legal determination on the District's compliance with specified requirements. In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2016. This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Mayfair Community Development District, Brevard County, Florida and is not intended to be and should not be used by anyone other than these specified parties. -- STROEMER & C01\.1P ANY, LLC Aventura, Florida June 19, 201 7 Affiliations Florida Institute of Certified Public Accountants American Institute of Certified Public Accountants - Management Consulting Services Division/Private Companies Practice Section/Tax Division 1-855-STROEMER www.stroemercpa.com 14030 Metropolis Avenue, Suite 200, Fort Myers, FL 33912 Aventura Fort Myers Jacksonville* Naples Orlando* Sanibel Tampa West Palm Beach' 'By Appointment Only

INTEGRITY..... KNOWLEDGE..... SERVICE..... COMMITMENT Page 29of31 Management Letter Required By Chapter 10.550 Of The Rules Of The Auditor General For the State Of Florida Board of Commissioners Mayfair Community Development District Brevard County, Florida Report on the Financial Statements We have audited the financial statements of Mayfair Community Development District (the "District"), Florida, as of and for the fiscal year ended September 30, 2016, and have issued our report thereon dated June 19, 2017. 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 Reports and Schedule We have issued our Independent Auditor's Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Accountant's Report on an examination conducted in accordance with AICP A Professional Standards, Section 601, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports and schedule, which are dated June 19, 2017, should be considered in conjunction with this management letter. Prior Audit Findings Section 10. 554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no recommendations made in the preceding audit report: Affiliations Florida Institute of Certified Public Accountants American Institute of Certified Public Accountants - Management Consulting Services Division/Private Companies Practice Section/Tax Division 1-855-STROEMER www.stroemercpa.com 14030 Metropolis Avenue, Suite 200, Fort Myers, FL 33912 Aventura Fort Myers Jacksonville' Naples Orlando' Sanibel Tampa' West Palm Beach' 'By Appointment Only

Page 30 of31 Financial Condition Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, requires that we report the results of our determination as to whether or not Mayfair Community Development District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and identification of the specific conditions met. In connection with our audit, we determined that the Mayfair Community Development District did not meet any of the conditions described in Section 218.503(1), Florida Statutes. Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial condition assessment procedures. It is management 1 s responsibility to monitor the District 1 s financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same. Annual Financial Report Section 10.554(1)(i)5.b. 10.556(7), Rules of the Auditor General, requires that we report the results of our determination as to whether the annual financial report for Mayfair Community Development District for the fiscal year ended September 30, 2016, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2016. In connection with our audit, we determined that these two reports were in agreement. Other Matters Section 10.554(1)(i)2., Rules of the Auditor General, requires that we address in the management letter any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations. Section 10.554(1)(i)3., Rules of the Auditor General, requires that we address noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not have any such findings. Purpose of this Letter Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida