Lakeside Preserve Community Development District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817; 407-723-5900 www.lakesidepreservecdd.org
The following is the proposed agenda for the Board of Supervisors meeting for the Lakeside Preserve Community Development District, scheduled to be held Thursday, August 12, 2021 at 11:30 a.m. at the Offices of Highland Homes, 3020 S. Florida Avenue, Suite 101, Lakeland, Florida 33803. Questions or comments on the Board Meeting or proposed agenda may be addressed to Jane Gaarlandt at gaarlandtj@pfm.com or (407) 723-5900.

To attend the meeting, please use the below conference call information:
Phone:	1-844-621-3956
Access Code:	790 393 986 #
PROPOSED BOARD OF SUPERVISORS’ MEETING AGENDA

Administrative Matters
Roll Call to Confirm Quorum
Public Comment Period [for any members of the public desiring to speak on any proposition before the Board]
Consideration of Joint Letter by Hopping Green & Sams and LE Law Group, PLLC, Announcing the Departure of Roy Van Wyk to KE Law Group
Consideration of Minutes of the May 13, 2021 Board of Supervisors’ Meeting
Consideration of Resolution 2021-03, Designating Date, Time, and Location for a Landowners’ Meeting and Election [Suggested Date: November 11, 2021]
Consideration of Resolution 2021-04, Setting the Regular Meeting Schedule for Fiscal Year 2021-2022

Business Matters
Public Hearing on the Adoption of the District’s Fiscal Year 2021-2022 Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2021-05, Adopting a Fiscal Year 2021-2022 Budget and Appropriating Funds
Consideration of Resolution 2021-06, Adopting an Assessment Roll for Fiscal Year 2021-2022 and Certifying Special Assessments for Collection
Consideration of Resolution 2021-07, Re-Designating a Public Depository
Consideration of Aqualis Proposal for Inspection of Stormwater Facilities
Consideration of Made in the Shade Proposal for Cover-up Planting (provided under separate cover)
Review and Acceptance of the Fiscal Year 2020 Audited Financial Report
Consideration of Payment Authorization Nos 124 - 131
Review of Monthly Financials

Other Business Staff Reports
District Counsel District Engineer District Manager
Supervisor Requests and Audience Comments Adjournment

Lakeside Preserve Community Development District

Joint Letter

July 27, 2021

VIA ELECTRONIC MAIL

Lakeside Preserve CDD c/o Jane Gaarlandt
PFM Group Consulting, LLC 12051 Corporate Blvd
Orlando, FL 32817 gaarlandtj@pfm.com

RE: JOINT LETTER BY HOPPING GREEN & SAMS AND KE LAW GROUP, PLLC, ANNOUNCING THE DEPARTURE OF ROY VAN WYK, JERE EARLYWINE, SARAH WARREN, AND JENNIFER KILINSKI TO KE LAW GROUP, PLLC

Dear Jane,
As of July 19, 2021, Roy Van Wyk, Jere Earlywine, Sarah Warren, Lauren Gentry, and Jennifer Kilinski (“Attorneys”) will be withdrawing as Attorneys from Hopping Green & Sams, P.A. (“HGS”) and will be working for KE Law Group, PLLC (“KE Law”). Attorneys have provided services in connection with this Firm’s representation of the Client on the above referenced matter(s) (the “Client Matters”). While Attorneys through their new firm, KE Law, and HGS, are each prepared to continue as the Clients’ legal counsel with respect to the Client Matters, it is the Client’s choice as to who should serve as its legal counsel, and whether the Client Matters and files should be transferred to KE Law, or remain with HGS.
Please select one of the following alternatives:
ALTERNATIVE #1. The Client asks that the Client Matters be transferred to Attorneys and their new firm, KE Law. Please transfer to Attorneys and their new firm all original files and electronic files relating to the Client Matters. The Client understands that HGS will have the right to keep a copy of those files. HGS’s legal representation of the Client will cease on the date of HGS’s receipt of their written notice. After that date, Attorneys and their new firm, KE Law, will be responsible for legal representation of the Client in the Client Matters. To the extent that HGS is holding any trust funds or other property of the Client, HGS is further instructed to transfer such funds or property KE Law.

(Please sign if you want Alternative #1;	[DATE] otherwise, do not sign on this line.)

ALTERNATIVE #2. The Client does not want any files or pending matters transferred to Attorneys or their new firm. HGS should continue to serve as the Clients’ legal counsel for all pending matters until the attorney- client relationship is changed sometime after the date of this document. All Client Matters and files should remain in the custody of HGS until further notice.

(Please sign if you want Alternative #2;	[DATE] otherwise, do not sign this line.)

If you do not want either Alternative #1 or Alternative #2, please advise us what we should do

Post Office Box 6526    Tallahassee, Florida 32314    119 South Monroe Street, Suite 300 (32301)    850.222.7500    850.224.8551 fax    www.hgslaw.com

regarding your matters and files.

(Please sign here if you have	[DATE]
Given instructions under Alternative #3; otherwise do not sign on this line.)

After you have completed and signed this form, please send a copy via electronic mail to JasonM@hgslaw.com, AmyC@hgslaw.com and MarkS@hgslaw.com, with a copy to roy@kelawgroup.com, jere@kelawgroup.com, sarah@kelawgroup.com, lauren@kelawgroup.com, jennifer@kelawgroup.com.
Thank you for your consideration and assistance.

KE LAW GROUP, PLLC

By: Jere Earlywine

Its: Authorized Member

HOPPING GREEN & SAMS, P.A.

By: Jonathan Johnson Its: President
Date: July 27, 2021	Date: July 27, 2021

Lakeside Preserve Community Development District

Minutes

MINUTES OF MEETING

LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS’ MEETING
Thursday, May 13, 2021 at 11:30 a.m.
Offices of Highland Homes,
3020 S. Florida Avenue, Suite 101,
Lakeland, Florida 33803

Board Members present at roll call:

Lee Saunders	Chairman
Brian Walsh	Assistant Secretary
Jeffery Shenefield	Assistant Secretary
Dan Lewis	Assistant Secretary Also Present:
Jane Gaarlandt	PFM Group Consulting, LLC		
Christina Hanna	PFM Group Consulting, LLC	(via phone)	
Verona Griffith	PFM Group Consulting, LLC	(via phone)	
Dexter Glasgow	PFM Group Consulting, LLC	(via phone)	
Roy Van Wyk	Hopping Green & Sams, P.A.	(via phone)	
Todd Amaden	District Engineer	(via phone)	

FIRST ORDER OF BUSINESS	Call to Order and Roll Call

The meeting was called to order at approximately 11:30 a.m. Those in attendance are outlined above.

SECOND ORDER OF BUSINESS	Public Comment Period

There were no members of the public present at this time.

THIRD ORDER OF BUSINESS	Consideration of Minutes of the November 24, 2020 Board of Supervisors’ Meeting

FOURTH ORDER OF BUSINESS	Review of Letter from Supervisor of Election Regarding Qualified Electors

Prior to June 1, 2021 the District must state on the record the number of registered voters as of April 15, 2021. The District currently has 122 registered voters within the Lakeside Preserve CDD. No action was required by the Board.

FIFTH ORDER OF BUSINESS	Consideration of Resolution 2021-02, Approving a Proposed Budget for Fiscal Year 2021-2022 and Setting a Public Hearing Date Thereon

Ms. Gaarlandt suggested August 12, 2021 as the public hearing date. Mr. Van Wyk joined the meeting in progress via phone

The Board reviewed the proposed budget. There are No changes to the overall budget from last year but there are few changes within the line items. The landscaping maintenance was increased. There were some slight adjustments to the Aquatic Contract. The irrigation line item was increased Based on the consumption.

Ms. Gaarlandt explained the budget cannot be increased after today due to noticing purposes but it can be adjusted down between now and the public hearing.

ON MOTION by Mr. Saunders, seconded by Ms. Walsh, with all in favor, the Board approved Resolution 2021-02 , approving a Proposed Budget for Fiscal Year 2021-2022 and Setting a Public Hearing Date for August 12, 2021.

SIXTH ORDER OF BUSINESS	Consideration of HGS Fee Increase Letter

SEVENTH ORDER OF BUSINESS	Consideration of Proposal for Pond Repair

Mr. Glasgow provided an overview of the potential pond repair. The District needs someone to come out and give them an overview of everything that is wrong and help the District plan a scope of work for the general repairs. The Board will be seeing multiple proposals at future meetings.

Mr. Lewis asked if that includes the control structure on Pond 10. Mr. Glasgow replied yes. Mr. Glasgow will have an outside consultant review the ponds who has expertise in this area.

Mr. Glasgow will have a proposal for enhanced maintenance for the next meeting and the overall system repair prior to the adoption. A discussion took place if the budget was high enough to cover the pond repair. Ms. Gaarlandt noted the current Fiscal Year will come under budget. No action is needed by the Board.

EIGHTH ORDER OF BUSINESS	Discussion of Pond Policies

A discussion took place about the hard gate and public access. Mr. Van Wyk stated there is no recreational use the District is authorizing therefore there is no public access necessary. A discussion took place. No action was required by the Board.

NINTH ORDER OF BUSINESS	Consideration	of	Assignment	of Landscape Maintenance Agreement

Ms. Gaarlandt explained the current Landscape Maintenance Agreement is with Keith Wade and that company was sold to Made in the Shade Landscape Management. Ms. Gaarlandt requested a motion to assign the Landscape Maintenance Agreement to Made I the Shade Landscape Management.

Mr. Van Wyn explained the District added an amendment to the agreement which is the use of the E-Verify System. This statute became effective on January 1, 2021. it requires municipal governments and other employers to register with an enter into a memorandum of understanding

appropriate work status in the United States. The District is required to register with the E-Verify system and all of their contractors and subcontractors are required to register with the E-Verify system so it has been included as an amendment to every contract going forward.

Mr. Van Wyk Requested a motion from the Board to approve the Assignment of the Landscape Maintenance Agreement and a separate motion for the authorization of District staff to enter into the memorandum of Understanding for the E-Verify System.

ON MOTION by Mr. Saunders, seconded by Ms. Walsh, with all in favor, the Board approved the Assignment of Landscape Maintenance Agreement and the E-Verify Amendment.

Ms. Gaarlandt requested a motion to ratify that District staff has registered the District in the E- Verify System.

ON MOTION by Mr. Saunders, seconded by Ms. Walsh, with all in favor, the Board ratified the action of District Staff to register the District in the E-Verify System.

A Board Member asked about how the main road is being done this year. Ms. Gaarlandt stated the District is just in the process of changing that. the District has been billed and been paying but the HOA budgeted for it. Going forward for the rest of the calendar year the HOA will be billed directly for the maintenance of the Boulevard and the District will be reimbursed for the first months of the current fiscal year.

TENTH ORDER OF BUSINESS	Ratification Authorization Nos. 97-105

The Board reviewed Payment Authorization Nos. 97 – 105.

ON MOTION by Mr. Saunders, seconded by Ms. Walsh, with all in favor, the Board approved Payment Authorization Nos. 97- 105.

ELEVENTH ORDER OF BUSINESS	Consideration	of	Payment Authorization Nos. 106-123

The Board reviewed Payment Authorization Nos. 106-123. Ms. Griffith noted the District is moving towards signing everything electronically so it will be a smaller fee going forward.

ON MOTION by Mr. Saunders, seconded by Ms. Walsh, with all in favor, the Board approved Payment Authorization Nos. 106-123.

TWELFTH ORDER OF BUSINESS	Review of Monthly Financials

The Board reviewed the Monthly Financials. There was no action required by the Board.

THIRTEENTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No Report

District Engineer –	Not Present

District Manager –      Ms. Gaarlandt explained the District currently banks with Synovus and they will start charging the District certain fees. District staff will be asking the Board to consider switching to another bank with no fees. Ms. Griffith stated Valley National is not charging fees at this time. The only fee associated with switching banks would be to purchase checks.

ON MOTION by Mr. Saunders, seconded by Mr. Walsh, with all in favor, the Board approved switching Banks to Valley National Bank.

District staff will bring a resolution for the Board to approve at the next meeting.

FOURTEENTH ORDER OF BUSINESS	Supervisor Requests and Audience
Comments

There were no Supervisor requests or audience comments.

FIFTEENTH ORDER OF BUSINESS	Adjournment

Ms. Gaarlandt requested a motion to adjourn the meeting.

ON MOTION by Mr. Walsh, seconded by Mr. Saunders, with all in favor, the May 13, 2021 Board of Supervisor’s Meeting for the Lakeside Preserve Community Development District was adjourned.

 	_	_	 	_ 	
Secretary / Assistant Secretary	Chairman / Vice Chairman

Lakeside Preserve Community Development District

Resolution 2021-0

RESOLUTION 2021-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT DESIGNATING A DATE, TIME AND LOCATION FOR A LANDOWNERS’ MEETING AND ELECTION; PROVIDING FOR PUBLICATION; ESTABLISHING FORMS FOR THE LANDOWNER ELECTION; AND PROVIDING FOR SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, Lakeside Preserve Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Lakeland, Florida; and

WHEREAS, pursuant to Section 190.006(1), Florida Statutes, the District’s Board of Supervisors (“Board”) “shall exercise the powers granted to the district pursuant to Chapter 190, Florida Statutes,” and the Board shall consist of five members; and

WHEREAS, the District is statutorily required to hold a meeting of the landowners of the District for the purpose of electing Board Supervisors for the District on a date in November established by the Board, which shall be noticed pursuant to Section 190.006(2), Florida Statutes.

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

EXISTING BOARD SUPERVISORS; SEATS SUBJECT TO ELECTIONS.
The Board is currently made up of the following individuals:

Seat Number	Supervisor	Term Expiration Date	
1	Lee Saunders	November 2021	
2	D. Joel Adams	November 2021	
3	Brian Walsh	November 2021	
4	Dan Lewis	November 2023	
5	Jeffrey Shenenfield	November 2023	

This year, Seat 1, currently held by Lee Saunders, Seat 2, currently held by D. Joel Adams, and Seat 3, currently held by Brian Walsh, are subject to election by landowners in November 2021. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

LANDOWNER’S ELECTION. In accordance with Section 190.006(2), Florida Statutes, the meeting of the landowners to elect Board Supervisor(s) of the District shall be held on the 11th day of November, 2021, at 11:30 a.m., and located at the offices of Highland Homes, 3020 South Florida Avenue, Suite 101, Lakeland, Florida 33803.

PUBLICATION. The District’s Secretary is hereby directed to publish notice of the landowners’ meeting and election in accordance with the requirements of Section 190.006(2), Florida Statutes.

FORMS. Pursuant to Section 190.006(2)(b), Florida Statutes, the landowners’ meeting and election have been announced by the Board at its July 11, 2019 meeting. A sample

notice of landowners’ meeting and election, proxy, ballot form and instructions were presented at such meeting and are attached hereto as Exhibit A. Such documents are available for review and copying during normal business hours at the office of the District Manager, PFM Group Consulting LLC, located at 12051 Corporate Boulevard, Orlando, Florida 32817.

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

EFFECTIVE DATE. This Resolution shall become effective upon its passage.

PASSED AND ADOPTED THIS 12TH DAY OF AUGUST, 2021.

LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT

ATTEST:	CHAIRMAN / VICE CHAIRMAN

SECRETARY / ASST. SECRETARY

EXHIBIT A

NOTICE OF LANDOWNERS’ MEETING AND ELECTION AND MEETING OF THE BOARD OF SUPERVISORS OF THE LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT

Notice is hereby given to the public and all landowners within the Lakeside Preserve Community Development District (the “District”) located in Polk County, Florida, advising that a meeting of landowners will be held for the purpose of electing three (3) persons to the District Board of Supervisors. Immediately following the landowners’ meeting there will be convened a meeting of the Board of Supervisors for the purpose of considering certain matters of the Board to include election of certain District officers, and other such business which may properly come before the Board.

DATE:	November 11, 2021
TIME:	11:30 a.m.
PLACE:	Offices of Highland Homes
3020 S. Florida Avenue, Suite 101
Lakeland, Florida 33803

Each landowner may vote in person or by written proxy. Proxy forms may be obtained upon request at the office of the District Manager, 12051 Corporate Blvd., Orlando, Florida 32817. At said meeting each landowner or his or her proxy shall be entitled to nominate persons for the position of Supervisor and cast one vote per acre of land, or fractional portion thereof, owned by him or her and located within the District for each person to be elected to the position of Supervisor. A fraction of an acre shall be treated as one acre, entitling the landowner to one vote with respect thereto. Platted lots shall be counted individually and rounded up to the nearest whole acre. The acreage of platted lots shall not be aggregated for determining the number of voting units held by a landowner or a landowner’s proxy. At the landowners’ meeting the landowners shall select a person to serve as the meeting chair and who shall conduct the meeting.

The landowners’ meeting and the Board of Supervisors meeting are open to the public and will be conducted in accordance with the provisions of Florida law. One or both of the meetings may be continued to a date, time, and place to be specified on the record at such meeting. A copy of the agenda for these meetings may be obtained from 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817 or by calling (407) 723-5900. There may be an occasion where one or more supervisors or staff will participate by speaker telephone.

Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 723-5900 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

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

Jane Gaarlandt District Manager
Run Date(s):	&  	

[PUBLISH FOR 2 CONSECUTIVE WEEKS, THE LAST PUBLICATION MUST BE AT LEAST 14 DAYS BEFORE THE ELECTION DATE]

INSTRUCTIONS RELATING TO LANDOWNERS’ MEETING OF LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT FOR THE ELECTION OF SUPERVISORS

DATE OF LANDOWNERS’ MEETING: Tuesday, November 11th, 2021

TIME: 11:30 A.M.

LOCATION: Offices of Highland Homes
3020 S. Florida Avenue, Suite 101
Lakeland, Florida 33803

Pursuant to Chapter 190, Florida Statutes, and after a Community Development District (“District”) has been established and the landowners have held their initial election, there shall be a subsequent landowners’ meeting for the purpose of electing members of the Board of Supervisors (“Board”) every two years until the District qualifies to have its board members elected by the qualified electors of the District. The following instructions on how all landowners may participate in the election are intended to comply with Section 190.006(2)(b), Florida Statutes.

A landowner may vote in person at the landowners’ meeting, or the landowner may nominate a proxy holder to vote at the meeting in place of the landowner. Whether in person or by proxy, each landowner shall be entitled to cast one vote per acre of land owned by him or her and located within the District, for each position on the Board that is open for election for the upcoming term. A fraction of an acre shall be treated as one (1) acre, entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, please note that a particular parcel of real property is entitled to only one vote for each eligible acre of land or fraction thereof; therefore, two or more people who own real property in common, that is one acre or less, are together entitled to only one vote for that real property.

At the landowners’ meeting, the first step is to elect a chair for the meeting, who may be any person present at the meeting. The landowners shall also elect a secretary for the meeting who may be any person present at the meeting. The secretary shall be responsible for the minutes of the meeting. The chair shall conduct the nominations and the voting. If the chair is a landowner or proxy holder of a landowner, he or she may nominate candidates and make and second motions. Candidates must be nominated and then shall be elected by a vote of the landowners. Nominees may be elected only to a position on the Board that is open for election for the upcoming term.

This year, three (3) seats on the Board will be up for election by landowners. The two candidates receiving the highest number of votes shall be elected for a term of four (4) years. The candidate receiving the next highest number of votes shall be elected for a term of two (2) years. The term of office for each successful candidate shall commence upon election.

A proxy is available upon request. To be valid, each proxy must be signed by one of the legal owners of the property for which the vote is cast and must contain the typed or printed name of the individual who signed the proxy; the street address, legal description of the property or tax parcel identification number; and the number of authorized votes. If the proxy authorizes more than one vote, each property must be listed and the number of acres of each property must be included. The signature on a proxy does not need to be notarized.

LANDOWNER PROXY

LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA
LANDOWNERS’ MEETING – NOVEMBER 11, 2021

KNOW ALL MEN BY THESE PRESENTS, that the undersigned, the fee simple owner of the lands described herein, hereby constitutes and appoints	(“Proxy Holder”) for and on behalf of the undersigned, to vote as proxy at the meeting of the landowners of the Lakeside Preserve Community Development District to be held on the11th day of November, 2021, at 11:30 a.m., and located at the offices of Highland Homes, 3020 South Florida Avenue, Suite 101, Lakeland, Florida 33803, and at any adjournments thereof, according to the number of acres of unplatted land and/or platted lots owned by the undersigned landowner that the undersigned would be entitled to vote if then personally present, upon any question, proposition, or resolution or any other matter or thing that may be considered at said meeting including, but not limited to, the election of members of the Board of Supervisors. Said Proxy Holder may vote in accordance with his or her discretion on all matters not known or determined at the time of solicitation of this proxy, which may legally be considered at said meeting.

Any proxy heretofore given by the undersigned for said meeting is hereby revoked. This proxy is to continue in full force and effect from the date hereof until the conclusion of the landowners’ meeting and any adjournment or adjournments thereof, but may be revoked at any time by written notice of such revocation presented at the landowners’ meeting prior to the Proxy Holder’s exercising the voting rights conferred herein.

Printed Name of Legal Owner		
Signature of Legal Owner

Parcel Description		Date

Acreage	

Authorized Votes	

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel. If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

Total Number of Authorized Votes:

NOTES: Pursuant to Section 190.006(2)(b), Florida Statutes (2018), a fraction of an acre is treated as one (1) acre entitling the landowner to one vote with respect thereto. For purposes of determining voting interests, platted lots shall be counted individually and rounded up to the nearest whole acre. Moreover, two (2) or more persons who own real property in common that is one acre or less are together entitled to only one vote for that real property.

If the fee simple landowner is not an individual, and is instead a corporation, limited liability company, limited partnership or other entity, evidence that the individual signing on behalf of the entity has the authority to do so should be attached hereto (e.g., bylaws, corporate resolution, etc.).

OFFICIAL BALLOT
LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA
LANDOWNERS’ MEETING - NOVEMBER 11, 2021

For Election (3 Supervisors): The two (2) candidates receiving the highest number of votes will each receive a four (4) year term, and the one (1) candidate receiving the next highest number of votes will receive a two (2) year term, with the term of office for the successful candidates commencing upon election.

The undersigned certifies that he/she/it is the fee simple owner of land, or the proxy holder for the fee simple owner of land, located within the Lakeside Preserve Community Development District and described as follows:

Description	Acreage

[Insert above the street address of each parcel, the legal description of each parcel, or the tax identification number of each parcel.] [If more space is needed, identification of parcels owned may be incorporated by reference to an attachment hereto.]

or

Attach Proxy.

I,	 	,	as	Landowner,	or	as	the	proxy	holder	of
 	 (Landowner) pursuant to the Landowner’s Proxy attached hereto, do cast my votes as follows:

SEAT #	NAME OF CANDIDATE	NUMBER OF VOTES	

1			

2			

3			

Date:		Signed:  	
Printed Name:  	

Lakeside Preserve Community Development District

Resolution 2021-0

EXHIBIT A

The regular meeting schedule of the Board of Supervisors of the Lakeside Preserve Community Development District for the Fiscal Year 2021-2022 shall be located at the Offices of Highland Homes, 3020 S. Florida Avenue, Suite 101, Lakeland Florida 33803 at 11:30 a.m. unless otherwise indicated, as follows:

October 14, 2021
November 11, 2021
December 9, 2021
January 13, 2022
February 10, 2022
March 10, 2022
April 14, 2022
May 12, 2022
June 9, 2022
July 14, 2022
August 11, 2022
September 8, 2022

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from PFM Group Consulting LLC located at 3501 Quadrangle Boulevard, Suite 270, Orlando, Florida 32817 or by calling (407) 723-5900.

There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 723-5900 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

District Manager

Lakeside Preserve Community Development District

Resolution 2021-0

RESOLUTION 2021-05

THE ANNUAL APPROPRIATION RESOLUTION OF THE LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET(S) FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2021, AND ENDING SEPTEMBER 30, 2022; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2021, submitted to the Board of Supervisors (“Board”) of the Lakeside Preserve Community Development District (“District”) proposed budget(s) (“Proposed Budget”) for the fiscal year beginning October 1, 2021 and ending September 30, 2022 (“Fiscal Year 2021/2022”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

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

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

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

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

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

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

SECTION 1. BUDGET

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

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

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Lakeside Preserve Community Development District for the Fiscal Year Ending September 30, 2022.”

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

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2021/2022, the sum of $	to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$ 	

DEBT SERVICE FUND (SERIES 2019)	$ 	

TOTAL ALL FUNDS	$ 	

SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2021/2022 or within 60 days following the end of the Fiscal Year 2021/2022 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

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

The District Manager or Treasurer must ensure that any amendments to the budget under paragraph c. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 12TH DAY OF AUGUST 2021.

ATTEST:	LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Fiscal Year 2021/2022 Budget

Exhibit A
Fiscal Year 2021/2022 Budget

Lakeside Preserve COD
Proposed Fiscal Year 2022 Annual Operational & Maintenance Budget

Actual

Year To Date

Anticipated Aug	Anticipated	FY 2021	
- Sept 2021	Total FY 2021	Adopted Budget	

FY 2022

Through	Proposed
07/31/2021	Budget

Revenues

On-Roll Assessments	$	81,637.05	$	$	81,637.05	$	81,000.00	$	81,000 .00	
Off-Roll Assessments - Direct bill	95,899.43		95,899.43	95,900.00	95,900.00	
Net Revenues	$ 177,536.48	$	$	177,536.48	$	176,900.00	$	176,900.00	
General & Administrative Ex enses						
Supervisor Fees	$	600.00	$	1,200.00	$	1,800.00	$	7,200.00	$	2,800.00	
D&O Insurance	2,421.00		2,421.00	2,500.00	2,500.00	
Trustee Services	4,040.63	1,959.37	6,000.00	6,000.00	6,000.00	
Management	20,833.30	4,166.70	25,000.00	25,000.00	25,000.00	
Engineering	225.00	833.33	1,058.33	5,000.00	5,000.00	
Dissemination Agent	5,000.00		5,000.00	5,000.00	5,000.00	
Property Appraiser					5,000.00	
District Counsel	3,880.50	16,119.50	20,000.00	20,000.00	16,000.00	
Assessment Administration	7,500.00		7,500.00	7,500.00	7,500.00	
Reamortization Schedules	125.00	125.00	250.00	250.00	500.00	
Audit	3,900.00	1,100.00	5,000.00	5,000.00	5,000.00	
Travel and Per Diem	25.95	83.33	109.28	500.00	500.00	
Telephone		33.33	33.33	200.00	200.00	
Postage & Shipping	65.87	13.17	79.04	300.00	300.00	
Copies		83.33	83.33	500.00	500.00	
Legal Advertising	329.43	65.89	395.32	3,000.00	3,000.00	
Miscellaneous	415.75	416.67	832.42	2,500.00	2,500.00	
Web Site Maintenance	2,150.00	550.00	2,700.00	2,700.00	2,700.00	
Dues, Licenses, and Fees	175.00		175.00	175.00	175.00	
Electric	704.14	1,295.86	2,000.00	2,000.00	2,000.00	
Irrigation		333.33	333.33	2,000.00	10,000.00	
Aquatic Contract	6,720.75	1,344.15	8,064.90	8,700.00	9,000.00	
General Insurance	2,960.00		2,960.00	3,025.00	3,025.00	
Property & Casualty	1,215.00		1,215.00	3,000.00	3,000.00	
Landscaping Maintenance & Material	33,875.00	6,775.00	40,650.00	44,400.00	55,000.00	
Developer Reimburstment		15,750.00	15,750.00	15,750.00		
Contingency		5,000.00	5,000.00	5,000.00	5,000.00	
Total General & Administrative Expenses	$	97,162.32	$	57,247.97	$	154,410.29	$	177,200.00	$	177,200.00	

Total Expenses	$	97,162.32	
$	57,247.97	
$	154,410.29	
$	177,200.00	
$	177,200.00	
$	80,374.16	$	(57,247.97)	$	23,126.19	$	(300.00)	$	(300.00)	
Other Income {Ex ense}						

Interes t Income	$	16.46	$	283.54	$	(137.56)	$	300.00	$	300.00	
Total Other Income (Expense)	$	16.46	$	283.54	$	(137.56)	$	300.00	$	300.00	

Net Income (Loss)	
$	
80,390.62	
$	
(57,531.51)	
$	
22,988.63	
$	
$	

Lakeside Preserve Community Development District FY 2021 Proposed Debt Service Budget

FY 2022	
Proposed	
DS Budget	

REVENUES:

Series 2019	$	265,556.26

TOTAL REVENUES	$	265,556.26  

EXPENDITURES:

Series 2019 - Interest 11/1/2021	
Series 2019 - Interest 5/1/2022	
Series 2019 - Principal 5/1/2022	

$	70,540.63	
70,540.63	
55,000.00	

TOTAL EXPENDITURES	$	196,081.26  

EXCESS REVENUES (Series 2019 - Interest 11/1/2022)	$	69,475.00  

Lakeside Preserve Community Development District

Resolution 2021-0

RESOLUTION 2021-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2021/2022; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS, INCLUDING BUT NOT LIMITED TO PENALTIES AND INTEREST THEREON; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

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

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

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

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2021 and ending September 30, 2022 (“Fiscal Year 2021/2022”), attached hereto as Exhibit “A;” and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2021/2022; and

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

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

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

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

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

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 170, 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District and in accordance with Exhibits “A” and “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.

SECTION 3. COLLECTION AND ENFORCEMENT; PENALTIES; INTEREST.

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

Direct Bill Assessments. The operations and maintenance special assessments and previously levied debt service special assessments imposed on the Direct Collect Property shall be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B.” Assessments directly collected by the District are

due in full on December 1, 2021; provided, however, that, to the extent permitted by law, the assessments due may be paid in several partial, deferred payments and according to the following schedule: 50% due no later than December 1, 2021, 25% due no later than February 1, 2022 and 25% due no later than May 1, 2022. In the event that an assessment payment is not made in accordance with the schedule stated above, the whole assessment – including any remaining partial, deferred payments for Fiscal Year 2021/2022, shall immediately become due and payable; shall accrue interest, penalties in the amount of one percent (1%) per month, and all costs of collection and enforcement; and shall either be enforced pursuant to a foreclosure action, or, at the District’s sole discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. Any prejudgment interest on delinquent assessments shall accrue at the rate of any bonds secured by the assessments, or at the statutory prejudgment interest rate, as applicable. In the event an assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings pursuant to Chapter 170, Florida Statutes, or other applicable law to collect and enforce the whole assessment, as set forth herein.

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

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified for collection. That portion of the Assessment Roll which includes the Tax Roll Property is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED this 12th day of August 2021.

ATTEST:	LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

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

Lakeside Preserve Community Development District

Resolution 2021-0

RESOLUTION 2021-07

A RESOLUTION OF THE LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT RE-DESIGNATING A PUBLIC DEPOSITORY FOR FUNDS OF THE DISTRICT; AUTHORIZING CERTAIN OFFICERS OF THE DISTRICT TO EXECUTE AND DELIVER ANY AND ALL FINANCIAL REPORTS REQUIRED BY RULE, STATUTE, LAW, ORDINANCE OR REGULATION; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Lakeside Preserve 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 in Polk County, Florida; and

WHEREAS, the Board of Supervisors of the District (“Board”) is statutorily authorized to select a depository as defined in Section 280.02, Florida Statutes, which meets all the requirements of Chapter 280, Florida Statutes, and has been designated by the State Chief Financial Officer as a qualified public depository; and

WHEREAS, the District has previously designated Synovus as its public depository and authorized related actions in a prior resolution; and

WHEREAS, the Board wishes to designate a new public depository for District funds.

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

Valley National, is hereby designated as the public depository for funds of the District.

In accordance with Section 280.17(2), Florida Statutes, the District’s Secretary is hereby directed to take the following steps:

Ensure that the name of the District is on the account or certificate, or other form provided to the District by the qualified public depository in a manner sufficient to identify that the account is a Florida public deposit.

Execute the form prescribed by the Chief Financial Officer for identification of each public deposit account and obtain acknowledgement of receipt on the form from the qualified public depository at the time of opening the account.

Maintain the current public deposit identification and acknowledgement form as a valuable record.

The District’s Treasurer, upon assuming responsibility for handling the funds of the District, is directed to furnish the Chief Financial Officer annually, not later than November 30 of each year, the information required in accordance with Section 280.17(6), Florida Statutes,

and otherwise take the necessary steps to ensure that all other requirements of Section 280.17, Florida Statutes, have been met.

The District Manager, Treasurer, and/or Assistant Treasurer are hereby authorized on behalf of the District to execute and deliver any and all other financial reports required by any other rule, statute, law, ordinance, or regulation.

The Chairman, Vice Chairman, Treasurer, and Assistant Treasurers are hereby designated as authorized signatories for the operating bank account(s) of Lakeside Preserve Community Development District.

This Resolution shall take effect upon adoption.

PASSED AND ADOPTED THIS 12TH DAY OF AUGUST 2021.

ATTEST:	LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Lakeside Preserve Community Development District

Aqualis Proposal

Service Proposed for: PFM Group
Lakeside Preserve
1404 Cypress View Lane Lakeland, FL 33811

Driver for Corrective Action
Attention Needed	Action Needed	Action Required

Perform requested certified inspection of stormwater facilities, per regulations and requirements within the Southwest Florida Water Management District

Summary of Issues
This proposal results from a recent client request to conduct a PE certified inspection of stormwater facilities under their ownership or responsibility at this location, including twelve interconnected retention ponds. The Southwest Florida Water Management District in which this development is situated requires a state licensed PE to certify the inspection report. After documenting site conditions through the in-person inspection, a certified report will be furnished for municipal review and records.

Any necessary or recommended repairs identified in the inspection will be proposed separately. This inspection includes only above-ground access or visual inspection of stormwater assets; any underground inspection or deep water inspection will require a separate proposal to include appropriate safety measures for crew protection.

Scope of Work
AQUALIS will provide the Services and Deliverable(s) as follows:
Perform any necessary pre-inspection research to obtain updated site plans and study system/structure details
Mobilize all equipment and labor to the site
Photograph and document conditions within stormwater structures and facilities
Demobilize
Prepare and submit for municipal approval a certified annual report

Additional physical site inspections in the event of non-compliance, or additional reports prepared and submitted after reinspection, will be assessed a separate fee for client approval

Total Cost $2,500.00

*This cost does not include vactor truck work
*This cost does not include any camera investigations

Signed			Date	 	 PFM Group authorized signature

Signed PJ Bogensberger	Date	6/22/2021 AQUALIS authorized signature

Lakeside Preserve

Pond #9

Pond #10

Pond #11

Pond #12	Excluded

Pond #5

Pond #1

Pond #2

Pond #4

Pond #3

Pond #6

Pond #7
Pond #8

Made in the Shade Proposal

(provided under separate cover)

FY20 Audit Report

LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT
POLK COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA

TABLE OF CONTENTS

	    Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Fund	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to Financial Statements	13-20	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
21	
Notes to Required Supplementary Information	22	
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	

23-24	
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	

25	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
26-27	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Lakeside Preserve Community Development District Polk County, Florida

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

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of Lakeside Preserve Community Development District, Polk County, Florida (the “District”) as of and for the fiscal year ended September 30, 2020, which collectively comprise the District’s basic financial statements as listed in the table of contents.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
Auditor’s Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Opinions
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2020, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 29, 2021, 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.

June 29, 2021

MANAGEMENT’S DISCUSSION AND ANLAYSIS

Our discussion and analysis of Lakeside Preserve Community Development District, Polk County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2020. 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 at the close of the most recent fiscal year resulting in a net position deficit balance of ($9,705).

The change in the District’s total net position in comparison with the prior year was $1,080,580, 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, 2020, the District’s governmental funds reported combined ending fund balances of $578,032, an increase of $84,897 in comparison with the prior fiscal year. The total fund balance is non-spendable for prepaid items, restricted for debt service and capital projects, and the remainder is unassigned deficit fund balance.

OVERVIEW OF FINANCIAL STATEMENTS

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

Government-Wide Financial Statements

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

The statement of net position presents information on all the District’s assets and liabilities, with the difference between the two 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 assessments and Developer contributions. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

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 maintains only one category of funds, the governmental funds.

Governmental Funds

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

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

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund, and capital projects fund, all 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 at the close of the fiscal year ended September 30, 2020.

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

NET POSITION SEPTEMBER 30,
2020	2019
Current and other assets	$	593,975	$	501,242	
Capital assets, net of depreciation	1,913,837	1,993,580	
Total assets	2,507,812	2,494,822	
Current liabilities	65,235	78,279	
Long-term liabilities	2,452,282	3,506,828	
Total liabilities	2,517,517	3,585,107	
Net position
Net investment in capital assets	
(537,682)	
(1,502,336)	
Restricted	534,534	409,249	
Unrestricted	(6,557)	2,802	
Total net position	$	(9,705)	$	(1,090,285)	

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 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,
2020	2019

Revenues:
Program revenues
Charges for services	
$	1,441,230	
$	251,229	
Operating grants and contributions	17,594	62,210	
Capital grants and contributions	12	243,230	
General revenues	253	-	
Total revenues	1,459,089	556,669	
Expenses:
General government	
74,627	
59,543	
Maintenance and operations	153,435	725	
Conveyance of infrastructure	-	1,251,294	
Interest on long-term debt	150,447	77,643	
Bond issuance costs	-	265,051	
Total expenses	378,509	1,654,256	
Change in net position	1,080,580	(1,097,587)	
Net position - beginning	(1,090,285)	7,302	
Net position - ending	$	(9,705)	$	(1,090,285)	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2020 was $378,509. The costs of the District’s activities were primarily funded by program revenues. Program revenues, comprised primarily of assessments, increased due to increased prepaid assessment revenues in the current fiscal year. In total, expenses decreased from the prior fiscal year due mostly to a conveyance of infrastructure during the prior fiscal year.

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, 2020 was amended to increase revenues and appropriations by $18,900. Actual general fund expenditures for the fiscal year ended September 30, 2020 exceeded appropriations by $2,894.

Capital Assets

At September 30, 2020, the District had $1,993,580 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $79,743 has been taken, which resulted in a net book value of $1,913,837. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2020, the District had $2,465,000 in Bonds outstanding. 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

It is anticipated that the general operations of the District will increase for the subsequent fiscal year. 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 Lakeside Preserve Community Development District’s Finance department at 12051 Corporate Boulevard, Orlando, FL 32817.

LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2020

ASSETS
Accounts receivable

Governmental
 	Activities	

$	127

Interest receivable	3
Restricted assets:
Investments	584,586
Prepaid items	9,259
Capital assets:
Depreciable, net	 	1,913,837  
Total assets	 	2,507,812  

LIABILITIES
Overdrawn cash	5,669
Accounts payable	10,274
Accrued interest payable	49,292
Non-current liabilities:
Due within one year	40,000
Due in more than one year	 	2,412,282  
Total liabilities	 	2,517,517  

NET POSITION
Net investment in capital assets	(537,682)
Restricted for debt service	534,534
Unrestricted	 	(6,557) 
Total net position	$	(9,705) 

See notes to the financial statements

LAKESIDE PRESERVE COMMUNITY DEVELOPMENT DISTRICT POLK COUNTY, FLORIDA
STATEMENT OF ACTIVITIES FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

		

Program Revenues		Net (Expense) Revenue and Changes in Net
Position	
	Charges	Operating	Capital		
	for	Grants and	Grants and	Governmental	
Functions/Programs	Expenses	Services	Contributions	Contributions	Activities	
Primary government:						
Governmental activities:						
General government	$	74,627	$	-	$	14,732	$	-	$	(59,895)	
Maintenance and operations	153,435	123,975	-	-	(29,460)	
Interest on long-term debt	150,447	1,317,255	2,862	12	1,169,682	
Total governmental activities	378,509	1,441,230	17,594	12	1,080,327	

General revenues:
Miscellaenous income	127	
Unrestricted investment earnings	 	126  	
Total general revenues	 	253  	
Change in net position	1,080,580	
Net position - beginning	 	(1,090,285) 	
Net position - ending	  $	(9,705) 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2020

 	Major Funds	
Debt	Capital
General	Service	Projects

Total Governmental Funds

ASSETS		
Investments	$	-	$	583,823	$	763	$	584,586	
Accounts receivable		127		-		-		127	
Interest receivable		-		3		-		3	
Prepaid items	9,259	-	-	9,259	
Total assets	$	9,386	$	583,826	$	763	$	593,975	

LIABILITIES AND FUND BALANCES
Liabilities:
Overdrawn cash	$	5,669	$	-	$	-	$	5,669	
Accounts payable	10,274	-	-	10,274	
Total liabilities	15,943	-	-	15,943	

Fund balances: Nonspendable:
Prepaid items
Restricted for:		9,259		-				9,259	
Debt service		-		583,826		-		583,826	
Capital projects		-		-		763		763	
Unassigned		(15,816)		-		-		(15,816)	
Total fund balances		(6,557)		583,826		763		578,032	

Total liabilities and fund balances	
$	
9,386	
$	
583,826	
$	
763	
$	
593,975	

RECONCILIATION OF THE BALANCE SHEET – GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2020

Fund balance - governmental funds	$	578,032
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	1,993,580
Accumulated depreciation	(79,743)          1,913,837

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	(49,292)	
Discount on bonds	12,718	
Bonds payable	 	(2,465,000)	(2,501,574) 	
Net position of governmental activities	$	(9,705)	

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

 	Major Funds	
Debt	Capital
General	Service	Projects

Total Governmental Funds

REVENUES		
Assessments	$	123,975	$ 1,317,255	$	-	$	1,441,230	
Developer contributions	14,732	-	-		14,732	
Miscellaenous income	127	-	-		127	
Interest	126	2,862		12	3,000	
Total revenues	138,960	1,320,117		12	1,459,089	

EXPENDITURES
Current:
General government	74,627	-	-		74,627	
Maintenance and operations Debt service:
Principal	73,692

-	-

1,055,000	-

-		73,692

1,055,000	
Interest	-	170,873	-		170,873	
Total expenditures	148,319	1,225,873	-		1,374,192	

Excess (deficiency) of revenues over (under) expenditures	

(9,359)	

94,244		

12	

84,897	

OTHER FINANCING SOURCES (USES)						
Interfund transfers	-	10,161	(10,161)	-	
Total other financing sources (uses)	-	10,161	(10,161)	-	

Net change in fund balances	
(9,359)	
104,405	
(10,149)	
84,897	
Fund balances - beginning	2,802	479,421	10,912	493,135	

Fund balances - ending	
$	(6,557)	
$	583,826	
$	763	
$	578,032	

See notes to the financial statements

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020
Net change in fund balances - total governmental funds	$	84,897 Amounts reported for governmental activities in the statement of activities
are different because:
Depreciation of capital assets is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of

activities.
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.
Amortization of Bond discounts/premiums is not recognized in the

(79,743)

1,055,000

governmental fund financial statements, but is reported as an expense in the statement of activities.	
(454)	
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.	

 	20,880 	
Change in net position of governmental activities	$	1,080,580	

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY
Lakeside Preserve Community Development District ("District") was established on November 3, 2014. The District was created by ordinance number 14-050 of the City of Lakeland, 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, the 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 purpose 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. At September 30, 2020, certain supervisors are affiliated with Pipkin Creek Properties, LLC (the “Developer”).

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

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

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

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

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

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

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

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

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

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

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

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

Assets, Liabilities and Net Position or Equity

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

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits.

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.

Deposits and Investments (Continued)
Securities listed in paragraph 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 and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

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

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

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

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets	Years	
Infrastructure – stormwater system	25	

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.

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 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 that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment. The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

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

Other Disclosures

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

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

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

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

NOTE 4 – DEPOSITS AND INVESTMENTS

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

Investments
The District’s investments were held as follows at September 30, 2020:

First American Government

  Amortized Cost	Credit Risk	Maturities	
Weighted average of the fund

Obligations Fund CL D

  $	584,586  

S&P AAAm

portfolio: 44 days

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

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

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

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

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

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

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

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

NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2020 was as follows:

Governmental activities
Capital assets, being depreciated

Beginning Balance

Additions	Reductions

Ending Balance

Infrastructure - stormwater system	$	1,993,580	$	-	$	-	$	1,993,580	
Total capital assets, being depreciated	1,993,580	-	-	1,993,580	

Less accumulated depreciation for: Infrastructure - stormwater system	

-	

(79,743)	

-	

(79,743)	
Total accumulated depreciation	-	(79,743)	-	(79,743)	

Total capital assets, being depreciated, net	
1,993,580	
(79,743)	
-	1,913,837	

Governmental activities capital assets, net	
$	1,993,580	
$	(79,743)	
$	-	$	1,913,837	

Depreciation expense was charged to the maintenance and operations function.

Series 2019
On March 27, 2019, the District issued $3,520,000 of Special Assessment Bonds, Series 2019, consisting of $305,000 Term Bonds due on May 1, 2024 with a fixed interest rate of 3.875%, $375,000 Term Bonds due on May 1, 2029 with a fixed interest rate of 4.25%, $1,075,000 Term Bonds due on May 1, 2039 with a fixed interest rate of 4.875%, and $1,765,000 Term Bonds due on May 1, 2049 with a fixed interest rate of 4.25%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1, commencing May 1, 2019. Principal on the Bonds is to be paid serially commencing May 1, 2020 through May 1, 2049.

The Series 2019 Bonds are subject to redemption at the option of the District prior to maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. This occurred during the current fiscal year as the District collected assessments from lot closings and prepaid
$1,005,000 of the Series 2019 Bonds. See Note 11 - Subsequent Events for additional call amounts subsequent to the fiscal year end.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2020.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2020 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities Bonds payable:
Series 2019	

$    3,520,000	

$	-	

$  1,055,000	

$	2,465,000	

$	40,000	
Less: Original issue discount	(13,172)	-	(454)	(12,718)	-	
Total	$    3,506,828	$	-	$ 1,054,546	$    2,452,282	$	40,000	

At September 30, 2020, the scheduled debt service requirements on the long-term debt were as follows:

Year ending

 	Governmental Activities	

    September 30:	Principal	Interest	Total	
2021	$	40,000	$	118,300	$	158,300	
2022	45,000	116,750	161,750	
2023	45,000	115,006	160,006	
2024	45,000	113,263	158,263	
2025	50,000	111,519	161,519	
2026-2030	280,000	524,231	804,231	
2031-2035	355,000	452,931	807,931	
2036-2040	450,000	357,625	807,625	
2041-2045	575,000	233,750	808,750	
2046-2049	 	580,000	74,250	654,250  
Total	$	2,465,000	$    2,217,625	$	4,682,625  

The Developer owns a portion of land within the District; therefore, assessment revenues in the general fund include the assessments levied on those lots owned by the Developer.

The Developer has agreed to fund the general operations of the District. In connection with that agreement, Developer contributions to the general fund were $14,732.

NOTE 8 – CONCENTRATION

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, computer and other administrative costs.

NOTE 10 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; natural disasters; and environmental remediation. 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 a total of $825,000 of the Series 2019 Bonds. The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indenture.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED
SEPTEMBER 30, 2020

 		Budgeted Amounts	 Original	Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES
Assessments	
$	126,525	$	126,525	
$	123,975	
$	(2,550)	
Developer contributions	-	18,900	14,732	(4,168)	
Miscellaneous income	-	-	127	127	
Interest	-	-	126	126	
Total revenues	126,525	145,425	138,960	(6,465)	

EXPENDITURES
Current:
General government	78,525	72,125	74,627	(2,502)	
Maintenance and operations	48,000	73,300	73,692	(392)	
Total expenditures	126,525	145,425	148,319	(2,894)	

Excess (deficiency) of revenues					
over (under) expenditures	  $	-	$	-		(9,359)   $	(9,359) 	
Fund balance - beginning		 	2,802  	
Fund balance - ending		  $	(6,557) 	

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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, 2020 was amended to increase revenues and appropriations by $18,900. Actual general fund expenditures for the fiscal year ended September 30, 2020 exceeded appropriations by $2,894.

951 Yamato Road ▪ Suite 280 Boca Raton, Florida   33431 (561) 994-9299 ▪ (800) 299-4728
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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
Lakeside Preserve Community Development District Polk 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 Lakeside Preserve Community Development District, Polk County, Florida (“District”) as of and for the fiscal year ended September 30, 2020, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 29, 2021.
Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.
Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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

June 29, 2021

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
Lakeside Preserve Community Development District Polk County, Florida

We have examined Lakeside Preserve Community Development District, Polk 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, 2020. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

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

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2020.

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, the Board of Supervisors of Lakeside Preserve Community Development District, Polk County, Florida, and The City of Lakeland, and is not intended to be and should not be used by anyone other than these specified parties.

June 29, 2021

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

To the Board of Supervisors
Lakeside Preserve Community Development District Polk County, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Lakeside Preserve Community Development District ("District") as of and for the fiscal year ended September 30, 2020, and have issued our report thereon dated June 29, 2021.

Auditor’s Responsibility

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

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 29, 2021, should be considered in conjunction with this management letter.

Purpose of this Letter

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

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

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

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

June 29, 2021

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, 2019.

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, 2020.

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, 2020.

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 as of September 30, 2020. 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.

Lakeside Preserve Community Development District

Payment Authorization Nos. 124 - 1 1

1	PFM Group Consulting
Postage	
OE-EXP-02-25	
$	10.69	
2	Hopping Green & Sams
General Counsel	
121761	
$	45.00	
3	Business Observer
Legal Advertising	
21-00621K	
$	67.81	
4	Made in the Shade			
Lawn Maintenance	8308	$ 3,700.00	

TOTAL	

$ 3,823.50	

Board Member

1	VGlobalTech
Web Maintenance	
2698	
$	125.00	
2	Lakeland Electric
Electric - 3591280	
----	
$	19.14	
Electric - 3591279	----	$	65.70	
3	Solitude Lake Management
Lake & Pond Management	
PI-A00596090	
$	746.75	
4	PFM Group Consulting
April Postage	
OE-EXP-05-26	
$	4.73	
5	Made in the Shade			
Lawn Maintenance	8526	$ 3,700.00	

TOTAL	

$ 4,661.32	

Board Member

LAKESIDE PRESERVE
COMMUN ITY	D E  V ELOP  MENT	DISTRICT

Payment Authorization No. 126
5/26/2021
Item No.

PFM Group Consulting
DM Fees May 2021	
DM-05-2021-0023	
$	2,083.33	
January postage	OE-EXP-02-25	$	10.69	
Supervisor Fees
Dan Lewis	
2021.05.13	
$	200.00	
BrianWalsh	2021.05.13	$	200.00	
	2021.05.13	$	200.00	
	
TOTAL	$	2,694.02	

1

2

Vendor	Invoice
Number

Fiscal Year2021

Board Member

Please Return To: Lakeside Preserve COD c/o Fishkind & Associates
12051 Corporate Boulevard
Orlando, FL 32817

Payment Authorization No. 127	
6/8/2021	

Item	Vendor	Invoice	Fiscal	
No.		Number	Year 2021	

1	US Bank		
	Trustee Services	6138573	

$ 4,040.63

TOTAL	$ 4,040.63

Jane Gaarlandt	Board Member	

Payment Authorization No. 128
6/21/2021

Item		
Vendor	
Invoice	
Fiscal		
No.			Number	Year 2021		

1	
Hopping Green & Sams
General Counsel		

122955	

$	88.50		
2	PFM Group Consulting LLC
DM Fee June 2021		
DM-06-2021-0023	
$ 2,083.33		
	Postage		OE-EXP-06-26	$	4.73		
3	Lakeland Electric
Electric		
3591249	
$	62.20		
	Electric		3591280	$	18.77		
4	Solitude Lake Management
Lake Maintenance		
PI-A00614029	
$	746.75		
5	VGLobalTech
Websit Maintenance		
2783	
$	125.00		
			
TOTAL	
$ 3,129.28		

District Manager/Assistant District Manager	Board Member

LAKESIDE PRESERVE COMMUNITY	DEVELOPMENT	DISTRICT

Payment Authorization No. 129
7/6/2021

Item	

Vendor	

Invoice	

Fiscal		
No.		Number	Year 2021		

1	
Made in the Shade Landscape
Lawn Maintenance July	

8805	

$  3,700.00		
2	Grau and Associates
Audit FY 2020	
21383	
$ 3,900.00		
3	PFM Group Consulting, LLC
May postage	
OE-EXP-06-024	
$	7.79		
		
TOTAL	
$ 7,607.79		

· strict Manager /Assistant District Manager	Board Member

Please Return To: Lakeside Preserve CDD c/o Fishkind & Associates 12051 Corporate Boulevard
Orlando, FL 32817

LAKESIDE PRESERVE
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 130
7/26/2021

Item No.		
Vendor	
Invoice Number	
Fiscal Year 2021	

1	
VglobalTech
Quarterly Audit		

2821	

$	300.00	
	Monthly Website		2915	$	125.00	
2	Hopping Green & Sams
District Counsel		
123666	
$ 1,557.00	
3	PFM Group Consulting, LLC
DM Fees July		
DM-07-2021-24	
$ 2,083.33	
4	Lakeland Electric
Utility		
----	
$	64.48	
	Utility		----	$	18.96	
5	Ray Bozeman Trucking
Sand for Lake		
25101	
$	203.00	

TOTAL	

$	

4,	

51.77	

District Manager /Assistant District Manager	Board Member

Please  Return  To: Lakeside  Preserve  CDD c/o Fishkind & Associates 12051 Corporate Boulevard

LAKESIDE PRESERVE
C O M M U N I T Y	D E V E L O P M E N T	D I S T R I C T

Payment Authorization No. 131	
8/5/2021	

Item	Vendor	Invoice	Fiscal	
No.		Number	Year 2021	

1	Business Observer Legal
Ad on 07/23/21 & 07/30/21		
		21-01050K	

$	131.26

2	Hopping Green & Sams		
	District Counsel	124023	

$	435.00

TOTAL	$	566.26

District Manager /Assistant District Manager		Board Member	

Please Return To: Lakeside Preserve CDD c/o Fishkind & Associates 12051 Corporate Boulevard

Lakeside Preserve Community Development District

Monthly Financials

Debt Service	Capital Projects	Long-Term	
Fund	Fund	Debt Fund	

Statement of Financial Position As of 7/31/2021

	Assets		
Current Assets			
General Checking Account	$	88,125.09					$	88,125.09	
Prepaid Expenses	2,356.85					2,356.85	
Deposits	305.50					305.50	
Series 2019 Debt Service Reserve		$	135,106.25				135,106.25	
Series 2019 Revenue		140,944.47				140,944.47	
Series 2019 Prepayment		215,936.51				215,936.51	
Series 2019 Acquisition/Construction				$	763.04		763.04	
Total Current Assets	$	90,787.44	$	491,987.23		$	763.04		$	-	$  583,537.71	

Investments

General Fund

Total

 

Amount Available in Debt Service Funds										$	491,987.23		$  491,987.23	
Amount To Be Provided										1,123,012.77		1,123,012.77	
Total Investments	$	-		$	-		$	-		$ 1,615,000.00		$ 1,615,000.00	

 	 	 	 

Total Assets

$	90,787.44

$	491,987.23	$

763.04

$ 1,615,000.00

$ 2,198,537.71

Liabilities and Net Assets

Current Liabilities
Accounts Payable	
$	11,868.33			
$	11,868.33	
Total Current Liabilities	$	11,868.33		$	 	 
-	$	-	$	-	$	11,868.33	

Long Term Liabilities					
Revenue Bonds Payable - Long-Term							$ 1,615,000.00		$ 1,615,000.00	
Total Long Term Liabilities	$	-		$	-		$	-		$ 1,615,000.00		$ 1,615,000.00	
Total Liabilities	$	11,868.33		$	-		$	-		$ 1,615,000.00		$ 1,626,868.33	

Net Assets
Net Assets, Unrestricted	

$	(4,500.00)								

$	(4,500.00)	
Net Assets - General Government	(2,056.90)								(2,056.90)	
Current Year Net Assets - General Government	85,476.01								85,476.01	
Net Assets, Unrestricted			$	583,826.08						583,826.08	
Current Year Net Assets, Unrestricted			(91,838.85)						(91,838.85)	
Net Assets, Unrestricted					$	763.04				763.04	
Total Net Assets	$	78,919.11		$	491,987.23		$	763.04		$	-		$  571,669.38	
										
Total Liabilities and Net Assets	$	90,787.44		$	491,987.23		$	763.04		$ 1,615,000.00		$ 2,198,537.71	

Debt Service	Capital Projects	Long-Term	
Fund	Fund	Debt Fund	

Statement of Activities As of 7/31/2021

Revenues

General Fund

Total

On-Roll Assessments	$	81,637.05						$	81,637.05	
Off-Roll Assessments	95,899.43						95,899.43	
Other Income & Other Financing Sources	5,085.39						5,085.39	
On-Roll Assessments			$   150,890.33				150,890.33	
Other Assessments			717,686.88		
 		717,686.88	
Total Revenues	$   182,621.87		$   868,577.21		$	-	$	-		$1,051,199.08	

Expenses

Supervisor Fees	$	600.00						$	600.00	
D&O Insurance	2,421.00						2,421.00	
Trustee Services	4,040.63						4,040.63	
Management	20,833.30						20,833.30	
Engineering	225.00						225.00	
Dissemination Agent	5,000.00						5,000.00	
District Counsel	3,880.50						3,880.50	
Assessment Administration	7,500.00						7,500.00	
Reamortization Schedules	125.00						125.00	
Audit	3,900.00						3,900.00	
Travel and Per Diem	25.95						25.95	
Postage & Shipping	65.87						65.87	
Legal Advertising	329.43						329.43	
Miscellaneous	415.75						415.75	
Web Site Maintenance	2,150.00						2,150.00	
Dues, Licenses, and Fees	175.00						175.00	
Electric	704.14						704.14	
Aquatic Contract	6,720.75						6,720.75	
General Insurance	2,960.00						2,960.00	
Property & Casualty	1,215.00						1,215.00	
Landscaping Maintenance & Material	33,875.00						33,875.00	
Principal Payments			$   850,000.00				850,000.00	
Interest Payments			110,442.21		
 		110,442.21	
Total Expenses	$	97,162.32		$   960,442.21		$	-	$	-		$1,057,604.53	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	16.46				$	16.46	
Interest Income			$	26.15		26.15	
Total Other Revenues (Expenses) & Gains (Losses)	$	16.46		$	26.15		  
$	-	$	-	$	42.61	
Change In Net Assets	$	85,476.01		$	(91,838.85)		$	-	$	-	$	(6,362.84)	

Net Assets At Beginning Of Year	
$	(6,556.90)		
$   583,826.08		
$	763.04	$	-	$ 578,032.22	

Net Assets At End Of Year	

$	78,919.11		

$   491,987.23		  

$	763.04	$	-	$ 571,669.38	

Budget to Actual
For the Month Ending 7/31/2021

Year To Date

Revenues							Adopted Budget	
On-Roll Assessments	$ 81,637.05		$ 67,500.50		$ 14,136.55		$	81,000.00	
Off-Roll Assessments	95,899.43		79,916.20		15,983.23		95,900.00	
Other Income & Other Financing Sources	5,085.39		-		5,085.39		-	
Net Revenues	$182,621.87		$147,416.70		$ 35,205.17		$	176,900.00	

General & Administrative Expenses								
Supervisor Fees	$	600.00		$   6,000.00		$ (5,400.00)		$	7,200.00	
Travel and Per Diem	25.95		416.70		(390.75)		500.00	
D&O Insurance	2,421.00		2,083.30		337.70		2,500.00	
Trustee Services	4,040.63		5,000.00		(959.37)		6,000.00	
Management	20,833.30		20,833.30		-		25,000.00	
Engineering	225.00		4,166.70		(3,941.70)		5,000.00	
Dissemination Agent	5,000.00		4,166.70		833.30		5,000.00	
District Counsel	3,880.50		16,666.70		(12,786.20)		20,000.00	
Assessment Administration	7,500.00		12,500.00		(5,000.00)		15,000.00	
Reamortization Schedules	125.00		416.70		(291.70)		500.00	
Audit	3,900.00		4,166.70		(266.70)		5,000.00	
Telephone	-		166.70		(166.70)		200.00	
Postage & Shipping	65.87		250.00		(184.13)		300.00	
Copies	-		416.70		(416.70)		500.00	
Legal Advertising	329.43		2,500.00		(2,170.57)		3,000.00	
Miscellaneous	415.75		2,083.30		(1,667.55)		2,500.00	
Web Site Maintenance	2,150.00		2,250.00		(100.00)		2,700.00	
Dues, Licenses, and Fees	175.00		145.80		29.20		175.00	
Electric	704.14		1,666.70		(962.56)		2,000.00	
Irrigation	-		8,333.30		(8,333.30)		10,000.00	
Aquatic Contract	6,720.75		7,250.00		(529.25)		8,700.00	
General Insurance	2,960.00		2,520.80		439.20		3,025.00	
Property & Casualty	1,215.00		2,500.00		(1,285.00)		3,000.00	
Landscaping Maintenance & Material	33,875.00		37,000.00		(3,125.00)		44,400.00	
Contingency	-		4,166.60		(4,166.60)		5,000.00	
Total General & Administrative Expenses	$ 97,162.32		$147,666.70		$(50,504.38)		$	177,200.00	
Total Expenses	  $ 97,162.32  		  $147,666.70  		  $(50,504.38)		  $	177,200.00  	
Income (Loss) from Operations	$ 85,459.55		$	(250.00)		$ 85,709.55		$	(300.00)	

Other Income (Expense)								
Interest Income	$	16.46		$	250.00		$	(233.54)		$	300.00	
Total Other Income (Expense)	$	16.46		$	250.00		$	(233.54)		$	300.00	
Net Income (Loss)	$ 85,476.01		$	-		$ 85,476.01		$	-	

Actual	Budget	Variance	FY 2021