Lakeside Preserve CDD
July 2025 Financial Report

July 31, 2025

PFM Group Consulting LLC
3501 Quadrangle Blvd., Suite 270
Orlando, Florida 32817
Tel: 407-723-5900

Lakeside Preserve CDD Statement of Financial Position As of 7/31/2025	

General Fund	
Debt Service Fund		
Capital Projects Fund		
Long-Term Debt Fund			

Total	
		
Assets											
Current Assets										
General Checking Account	$	297,424.36							$	297,424.36	
Checking Account - Reserve	15,714.87								15,714.87	
Prepaid Expenses	3,192.09								3,192.09	
Deposits	305.50								305.50	
Due From Other Funds		$	648.67							648.67	
Series 2019 Debt Service Reserve		89,609.37							89,609.37	
Series 2023 Debt Service Reserve		861,262.51							861,262.51	
Series 2019 Revenue		180,849.97							180,849.97	
Series 2023 Revenue		630,221.83							630,221.83	
Series 2019 Prepayment		17.26							17.26	
Series 2023 Prepayment		222,457.02							222,457.02	
Series 2019 General Fund		2.31							2.31	
Accounts Receivable - Due from Developer				$	208,126.75					208,126.75	
Due From Other Funds				2,000.00					2,000.00	
Series 2019 Acquisition/Construction				861.20					861.20	
Series 2023 Acquisition/Construction	
			44,438.75					44,438.75	
Total Current Assets	$	316,636.82	$ 1,985,068.94		$	255,426.70		$	-		$	2,557,132.46	

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

$  1,984,420.27		

$	

1,984,420.27	
								10,685,579.73			10,685,579.73	
	$	-	$	-		$	-		$ 12,670,000.00		$	12,670,000.00	
Total Assets	$	316,636.82	$ 1,985,068.94		$	255,426.70		$ 12,670,000.00		$	15,227,132.46	

Liabilities and Net Assets	
Current Liabilities										
Accounts Payable	$	135.62							$	135.62	
Due To Other Funds	2,648.67								2,648.67	
Accounts Payable				$	252,565.50					252,565.50	
Retainage Payable				700,345.16					700,345.16	
Deferred Revenue	
			208,126.75					208,126.75	
Total Current Liabilities	$	2,784.29	$	-		$ 1,161,037.41		$	-		$	1,163,821.70	

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

$ 12,670,000.00		

$	

12,670,000.00	
	$	-	$	-		$	-		$ 12,670,000.00		$	12,670,000.00	
Total Liabilities	$	2,784.29	$	-		$ 1,161,037.41		$ 12,670,000.00		$	13,833,821.70	

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

$	

(4,500.00)									

$	

(4,500.00)	
		153,692.48										153,692.48	
		164,660.05										164,660.05	
Net Assets, Unrestricted			$ 1,748,736.87								1,748,736.87	
Current Year Net Assets, Unrestricted			236,332.07								236,332.07	
Net Assets, Unrestricted						$	(802,714.19)					(802,714.19)	
Current Year Net Assets, Unrestricted							(102,896.52)					(102,896.52)	
Total Net Assets	$	313,852.53	$ 1,985,068.94		$	(905,610.71)		$	-		$	1,393,310.76	

									
Total Liabilities and Net Assets	$	316,636.82	$ 1,985,068.94		$	255,426.70		$ 12,670,000.00		$	15,227,132.46	

Lakeside Preserve CDD Statement of Activities As of 7/31/2025	
	
General Fund		Debt Service Fund		Capital Projects Fund		Long-Term Debt Fund			
Total	
Revenues													
On-Roll Assessments	$ 113,427.46										$	113,427.46	
Off-Roll Assessments	244,213.53											244,213.53	
On-Roll Assessments			$	80,573.99					80,573.99	
Off-Roll Assessments			857,537.51					857,537.51	
Other Income & Other Financing Sources			271,548.75					271,548.75	
Inter-Fund Group Transfers In			(26,364.70)					(26,364.70)	
Developer Contributions						$ 3,885,273.77					3,885,273.77	
Inter-Fund Transfers In						26,364.70					26,364.70	
Total Revenues	$ 357,640.99		$ 1,183,295.55		$ 3,911,638.47		$	-		$	5,452,575.01	
Expenses													
Supervisor Fees	$	3,000.00									$	3,000.00	
POL Insurance	2,983.00										2,983.00	
Trustee Services	7,802.91										7,802.91	
Management	22,500.00										22,500.00	
Field Management	1,125.00										1,125.00	
Engineering	5,232.50										5,232.50	
Disclosure	6,500.00										6,500.00	
District Counsel	15,431.31										15,431.31	
Assessment Administration	15,000.00										15,000.00	
Audit	6,400.00										6,400.00	
Postage & Shipping	56.89										56.89	
Legal Advertising	1,392.45										1,392.45	
Meeting Room	280.00										280.00	
Web Site Maintenance	2,250.00										2,250.00	
Dues, Licenses, and Fees	175.00										175.00	
Electric	877.77										877.77	
Amenity - Janitorial	1,800.00										1,800.00	
General Insurance	3,648.00										3,648.00	
Property & Casualty	1,578.00										1,578.00	
Irrigation	9,236.93										9,236.93	
Lake Maintenance	12,791.36										12,791.36	
Landscaping Maintenance & Material	84,104.00										84,104.00	
Landscape Improvements	575.00										575.00	
Principal Payments			$	220,000.00								220,000.00	
Interest Payments			777,231.26								777,231.26	
Capital Expenditures						$ 4,016,701.79					4,016,701.79	
Total Expenses	$ 204,740.12		$	997,231.26		$ 4,016,701.79		$	-		$	5,218,673.17	
Other Revenues (Expenses) & Gains (Losses)													
Interest Income	$  11,759.18									$	11,759.18	
Interest Income			$	50,267.78								50,267.78	
Interest Income						$	2,166.80					2,166.80	
Total Other Revenues (Expenses) & Gains (Losses)	$  11,759.18		$	50,267.78		$	2,166.80		$	-		$	64,193.76	
Change In Net Assets	$ 164,660.05		$	236,332.07		$	(102,896.52)		$	-		$	298,095.60	
Net Assets At Beginning Of Year	$ 149,192.48		$ 1,748,736.87		$	(802,714.19)		$	-		$	1,095,215.16	

Net Assets At End Of Year	

$ 313,852.53		

$ 1,985,068.94		
$	
(905,610.71)		
$	-		
$	
1,393,310.76	

Lakeside Preserve CDD
Budget to Actual
For the Month Ending 7/31/2025

YTD Actual		
YTD Budget		
YTD Variance			FY 2025
Adopted Budget		Percentage Spent	

Revenues												
On-Roll Assessments	$	113,427.46		$	93,290.40		$	20,137.06		$	111,948.47		101.32%	
Off-Roll Assessments	244,213.53		203,511.30		40,702.23			244,213.53		100.00%	
Developer Contributions	-		35,000.00		(35,000.00)			42,000.00		0.00%	
Carry Forward Revenue	-		33,333.30		(33,333.30)			40,000.00		0.00%	
Net Revenues	$	357,640.99		$	365,135.00		$	(7,494.01)		$	438,162.00		81.62%	
General & Administrative Expenses											
Supervisor Fees	$	3,000.00		$	4,000.00		$	(1,000.00)		$	4,800.00		62.50%	
POL Insurance	2,983.00		2,555.80		427.20			3,067.00		97.26%	
Trustee Services	7,802.91		6,833.30		969.61			8,200.00		95.16%	
Management	22,500.00		25,000.00		(2,500.00)			30,000.00		75.00%	
Field Management	1,125.00		1,250.00		(125.00)			1,500.00		75.00%	
Engineering	5,232.50		8,333.30		(3,100.80)			10,000.00		52.33%	
Disclosure	6,500.00		8,333.30		(1,833.30)			10,000.00		65.00%	
Property Appraiser	-		8,333.30		(8,333.30)			10,000.00		0.00%	
District Counsel	15,431.31		13,333.30		2,098.01			16,000.00		96.45%	
Assessment Administration	15,000.00		12,500.00		2,500.00			15,000.00		100.00%	
Reamortization Schedules	-		833.30		(833.30)			1,000.00		0.00%	
Audit	6,400.00		5,416.70		983.30			6,500.00		98.46%	
Arbitrage Calculation	-		833.30		(833.30)			1,000.00		0.00%	
Travel and Per Diem	-		208.30		(208.30)			250.00		0.00%	
Postage & Shipping	56.89		250.00		(193.11)			300.00		18.96%	
Legal Advertising	1,392.45		2,500.00		(1,107.55)			3,000.00		46.42%	
Miscellaneous	-		2,083.30		(2,083.30)			2,500.00		0.00%	
Meeting Room	280.00		666.70		(386.70)			800.00		35.00%	
Web Site Maintenance	2,250.00		2,350.00		(100.00)			2,820.00		79.79%	
Dues, Licenses, and Fees	175.00		145.80		29.20			175.00		100.00%	
Electric	877.77		5,416.70		(4,538.93)			6,500.00		13.50%	
Aquatic Contract (Lake Maintenance)	12,791.36		29,166.70		(16,375.34)			35,000.00		36.55%	
Amenity - Pool Furniture Repair/Replace	-		4,166.70		(4,166.70)			18,000.00		0.00%	
Amenity - Pool Maintenance	-		15,000.00		(15,000.00)			5,000.00		0.00%	
Amenity - Access Control	-		4,166.70		(4,166.70)			5,000.00		0.00%	
Amenity - Janitorial	1,800.00		10,416.70		(8,616.70)			12,500.00		14.40%	
Amenity - Pest Control	-		1,250.00		(1,250.00)			1,500.00		0.00%	
General Insurance	3,648.00		3,125.00		523.00			3,750.00		97.28%	
Property & Casualty	1,578.00		12,500.00		(10,922.00)			15,000.00		10.52%	
Irrigation	9,236.93		11,666.70		(2,429.77)			14,000.00		65.98%	
Landscaping Maintenance & Material	84,104.00		108,333.30		(24,229.30)			130,000.00		64.70%	
Landscape Improvements	575.00		8,333.30		(7,758.30)			10,000.00		5.75%	
Contingency	-		41,666.80		(41,666.80)			50,000.00		0.00%	
Reserve Account	5,000.00		4,166.70		833.30			5,000.00		100.00%	
Total General & Administrative Expenses	$	209,740.12		$	365,135.00		$	(155,394.88)		$	438,162.00		47.87%	
Total Expenses	 $	209,740.12 		 $	365,135.00 		 $	(155,394.88)		 $ 	438,162.00 			47.87%	
Income (Loss) from Operations	$	147,900.87		$	-		$	147,900.87		$	-			
Other Income (Expense)
Interest Income	

$	

11,759.18		

$	-		

$	11,759.18		

$	

-			
Total Other Income (Expense)	$	11,759.18		$	-		$	11,759.18		$	-			
Net Income (Loss)	$	159,660.05		$	-		$	159,660.05		$	-