Lakeside Preserve CDD
June 2025 Financial Report

June 30, 2025

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

Debt Service	Capital	Long-Term	
Fund	Projects Fund	Debt Fund	

Lakeside Preserve CDD Statement of Financial Position As of 6/30/2025

	Assets		
Current Assets			
General Checking Account	$ 315,202.48							$  315,202.48	
Checking Account - Reserve	15,661.66							15,661.66	
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		180,017.29						180,017.29	
Series 2023 Revenue		628,146.13						628,146.13	
Series 2019 Prepayment		17.21						17.21	
Series 2023 Prepayment		131,567.77						131,567.77	
Series 2019 General Fund		2.30						2.30	
Accounts Receivable - Due from Developer				$ 238,394.85				238,394.85	
Series 2019 Acquisition/Construction				858.55				858.55	
Series 2023 Acquisition/Construction				44,142.33				44,142.33	
Total Current Assets	$ 334,361.73	$1,891,271.25		$ 283,395.73		$	-		$ 2,509,028.71	

Investments

General Fund

Total

Amount Available in Debt Service Funds			$ 1,890,622.58		$ 1,890,622.58	
Amount To Be Provided	
	 		10,779,377.42		10,779,377.42	
Total Investments	$	-	$	-	$	-		$12,670,000.00		$12,670,000.00	

Total Assets	$ 334,361.73	$1,891,271.25	$ 283,395.73	$12,670,000.00	$15,179,028.71

	Liabilities and Net Assets		
Current Liabilities			
Accounts Payable	$	6,303.17		$	6,303.17	
Due To Other Funds	648.67		648.67	
Accounts Payable		$ 277,531.51	277,531.51	
Retainage Payable		674,126.28	674,126.28	
Deferred Revenue		238,394.85	238,394.85	
Total Current Liabilities	$	6,951.84		$	-		$1,190,052.64		$	-		$ 1,197,004.48	

Long Term Liabilities
Revenue Bonds Payable - Long-Term	
	 		$12,670,000.00		$12,670,000.00	
Total Long Term Liabilities	$	-	$	-	$	-		$12,670,000.00		$12,670,000.00	

Total Liabilities	$	6,951.84		$	-		$1,190,052.64		$12,670,000.00		$13,867,004.48	

Net Assets
Net Assets, Unrestricted	

$	(4,500.00)								

$	(4,500.00)	
Net Assets - General Government	153,692.48								153,692.48	
Current Year Net Assets - General Government	178,217.41								178,217.41	
Net Assets, Unrestricted			$1,748,736.87						1,748,736.87	
Current Year Net Assets, Unrestricted			142,534.38						142,534.38	
Net Assets, Unrestricted					$ (802,714.19)				(802,714.19)	
Current Year Net Assets, Unrestricted					(103,942.72)				(103,942.72)	
Total Net Assets	$ 327,409.89		$1,891,271.25		$ (906,656.91)		$	-		$ 1,312,024.23	
										
Total Liabilities and Net Assets	$ 334,361.73		$1,891,271.25		$ 283,395.73		$12,670,000.00		$15,179,028.71	

Lakeside Preserve CDD Statement of Activities As of 6/30/2025	
	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			181,032.50							181,032.50	
Inter-Fund Group Transfers In			(23,838.36)							(23,838.36)	
Developer Contributions					$3,608,107.26					3,608,107.26	
Inter-Fund Transfers In					23,838.36					23,838.36	
Total Revenues	$357,640.99		$1,095,305.64		$3,631,945.62		$	-		$5,084,892.25	
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	4,462.50										4,462.50	
Disclosure	6,500.00										6,500.00	
District Counsel	15,274.31										15,274.31	
Assessment Administration	15,000.00										15,000.00	
Audit	6,400.00										6,400.00	
Postage & Shipping	37.72										37.72	
Legal Advertising	1,204.33										1,204.33	
Meeting Room	280.00										280.00	
Web Site Maintenance	1,815.00										1,815.00	
Dues, Licenses, and Fees	175.00										175.00	
Electric	752.23										752.23	
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	8,783.79									8,783.79	
Lake Maintenance	11,470.02									11,470.02	
Landscaping Maintenance & Material	72,857.00									72,857.00	
Landscape Improvements	575.00									575.00	
Principal Payments			$ 220,000.00							220,000.00	
Interest Payments			777,231.26							777,231.26	
Capital Expenditures					$3,737,917.41					3,737,917.41	
Total Expenses	$190,023.81		$	997,231.26		$3,737,917.41		$	-		$4,925,172.48	
Other Revenues (Expenses) & Gains (Losses)												
Interest Income	$ 10,600.23									$	10,600.23	
Interest Income			$	44,460.00							44,460.00	
Interest Income					$	2,029.07					2,029.07	
Total Other Revenues (Expenses) & Gains (Losses)	$ 10,600.23		$	44,460.00		$	2,029.07		$	-		$	57,089.30	
Change In Net Assets	$178,217.41		$	142,534.38		$ (103,942.72)		$	-		$ 216,809.07	
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	
$327,409.89		
$1,891,271.25		
$ (906,656.91)		
$	
-		
$1,312,024.23	

Lakeside Preserve CDD
Budget to Actual
For the Month Ending 6/30/2025

	
YTD Actual		
YTD Budget		
YTD Variance		FY 2025
Adopted Budget		Percentage Spent	
Revenues										
On-Roll Assessments	$	113,427.46		$	83,961.36		$	29,466.10		$ 111,948.47		101.32%	
Off-Roll Assessments	244,213.53		183,160.17		61,053.36		244,213.53		100.00%	
Developer Contributions	-		31,500.00		(31,500.00)		42,000.00		0.00%	
Carry Forward Revenue	-		29,999.97		(29,999.97)		40,000.00		0.00%	
Net Revenues	$	357,640.99		$	328,621.50		$	29,019.49		$ 438,162.00		81.62%	
General & Administrative Expenses										
Supervisor Fees	$	3,000.00		$	3,600.00		$	(600.00)		$	4,800.00		62.50%	
POL Insurance	2,983.00		2,300.22		682.78		3,067.00		97.26%	
Trustee Services	7,802.91		6,149.97		1,652.94		8,200.00		95.16%	
Management	22,500.00		22,500.00		-		30,000.00		75.00%	
Field Management	1,125.00		1,125.00		-		1,500.00		75.00%	
Engineering	4,462.50		7,499.97		(3,037.47)		10,000.00		44.63%	
Disclosure	6,500.00		7,499.97		(999.97)		10,000.00		65.00%	
Property Appraiser	-		7,499.97		(7,499.97)		10,000.00		0.00%	
District Counsel	15,274.31		11,999.97		3,274.34		16,000.00		95.46%	
Assessment Administration	15,000.00		11,250.00		3,750.00		15,000.00		100.00%	
Reamortization Schedules	-		749.97		(749.97)		1,000.00		0.00%	
Audit	6,400.00		4,875.03		1,524.97		6,500.00		98.46%	
Arbitrage Calculation	-		749.97		(749.97)		1,000.00		0.00%	
Travel and Per Diem	-		187.47		(187.47)		250.00		0.00%	
Postage & Shipping	37.72		225.00		(187.28)		300.00		12.57%	
Legal Advertising	1,204.33		2,250.00		(1,045.67)		3,000.00		40.14%	
Miscellaneous	-		1,874.97		(1,874.97)		2,500.00		0.00%	
Meeting Room	280.00		600.03		(320.03)		800.00		35.00%	
Web Site Maintenance	1,815.00		2,115.00		(300.00)		2,820.00		64.36%	
Dues, Licenses, and Fees	175.00		131.22		43.78		175.00		100.00%	
Electric	752.23		4,875.03		(4,122.80)		6,500.00		11.57%	
Aquatic Contract (Lake Maintenance)	11,470.02		26,250.03		(14,780.01)		35,000.00		32.77%	
Amenity - Pool Furniture Repair/Replace	-		3,750.03		(3,750.03)		5,000.00		0.00%	
Amenity - Pool Maintenance	-		13,500.00		(13,500.00)		18,000.00		0.00%	
Amenity - Access Control	-		3,750.03		(3,750.03)		5,000.00		0.00%	
Amenity - Janitorial	1,800.00		9,375.03		(7,575.03)		12,500.00		14.40%	
Amenity - Pest Control	-		1,125.00		(1,125.00)		1,500.00		0.00%	
General Insurance	3,648.00		2,812.50		835.50		3,750.00		97.28%	
Property & Casualty	1,578.00		11,250.00		(9,672.00)		15,000.00		10.52%	
Irrigation	8,783.79		10,500.03		(1,716.24)		14,000.00		62.74%	
Landscaping Maintenance & Material	72,857.00		97,499.97		(24,642.97)		130,000.00		56.04%	
Landscape Improvements	575.00		7,499.97		(6,924.97)		10,000.00		5.75%	
Contingency	-		37,500.12		(37,500.12)		50,000.00		0.00%	
Reserve Account	5,000.00		3,750.03		1,249.97		5,000.00		100.00%	
Total General & Administrative Expenses	$	195,023.81		$	328,621.50		$  (133,597.69)		$ 438,162.00		44.51%	
Total Expenses	 $	195,023.81 		 $	328,621.50 		 $  (133,597.69)		 $ 438,162.00 			44.51%	
Income (Loss) from Operations	$	162,617.18		$	-		$	162,617.18		$	-			
Other Income (Expense)										
Interest Income	$	10,600.23		$	-		$	10,600.23		$	-			
Total Other Income (Expense)	$	10,600.23		$	-		$	10,600.23		$	-			
Net Income (Loss)	$	173,217.41		$	-		$	173,217.41		$	-