Lakeside Preserve CDD
February 2026 Financial Report

February 28, 2026

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

Debt Service	Capital	Long-Term Debt	
Fund	Projects Fund	Fund	

Statement of Financial Position As of 2/28/2026

	Assets		
Current Assets
General Checking Account	
$  247,000.13						
$	247,000.13	
Checking Account - Reserve	117,011.04						117,011.04	
Assessments Receivable	20,539.88						20,539.88	
Prepaid Expenses	709.35						709.35	
Deposits	305.50						305.50	
Assessments Receivable		$	79,983.29					79,983.29	
Due From Other Funds		1,527.81					1,527.81	
Series 2019 Debt Service Reserve		89,609.37					89,609.37	
Series 2023 Debt Service Reserve		787,287.50					787,287.50	
Series 2019 Revenue		246,552.23					246,552.23	
Series 2023 Revenue		996,510.58					996,510.58	
Series 2019 Prepayment		17.63					17.63	
Series 2023 Prepayment		418,392.05					418,392.05	
Series 2019 General Fund		2.38					2.38	
Series 2019 Sinking Fund		866.18					866.18	
Accounts Receivable - Due from Developer				$	26,514.04			26,514.04	
Series 2023 Acquisition/Construction				51,862.91			51,862.91	
Total Current Assets	$  385,565.90	$ 2,620,749.02		$	78,376.95		$	-	$  3,084,691.87	

Investments

General Fund

Total

Amount Available in Debt Service Funds	$  2,539,237.92		$  2,539,237.92	
Amount To Be Provided	9,195,762.08		9,195,762.08	
Total Investments	   
$	-	$	-	$	-	$ 11,735,000.00		$ 11,735,000.00	

Total Assets

$  385,565.90

$ 2,620,749.02

$	78,376.95

$ 11,735,000.00

$ 14,819,691.87

Liabilities and Net Assets

Current Liabilities
Accounts Payable	$	1,752.50							$	1,752.50	
Due To Other Funds	1,527.81							1,527.81	
Deferred Revenue	20,539.88							20,539.88	
Deferred Revenue			$	79,983.29					79,983.29	
Accounts Payable					$	43,930.90			43,930.90	
Retainage Payable					650,604.98			650,604.98	
Deferred Revenue					26,514.04			26,514.04	
Total Current Liabilities	$	23,820.19		$	79,983.29		$  721,049.92		$	
-	$	824,853.40	

Long Term Liabilities
Revenue Bonds Payable - Long-Term	$ 11,735,000.00		$ 11,735,000.00	
Total Long Term Liabilities	   
$	-	$	-	$	-	$ 11,735,000.00		$ 11,735,000.00	

Total Liabilities	$	23,820.19		$	79,983.29		$  721,049.92		$ 11,735,000.00		$ 12,559,853.40	

Net Assets
Net Assets, Unrestricted	

$	(4,500.00)								

$	(4,500.00)	
Net Assets - General Government	217,488.16								217,488.16	
Current Year Net Assets - General Government	148,757.55								148,757.55	
Net Assets, Unrestricted			$ 2,619,029.72						2,619,029.72	
Current Year Net Assets, Unrestricted			(78,263.99)						(78,263.99)	
Net Assets, Unrestricted					$  (807,113.50)				(807,113.50)	
Current Year Net Assets, Unrestricted					164,440.53				164,440.53	
Total Net Assets	$  361,745.71		$ 2,540,765.73		$  (642,672.97)		$	-		$  2,259,838.47	
										
Total Liabilities and Net Assets	$  385,565.90		$ 2,620,749.02		$	78,376.95		$ 11,735,000.00		$ 14,819,691.87	

Statement of Activities As of 2/28/2026

Debt Service	Capital Projects	Long-Term	
Fund	Fund	Debt Fund	

General Fund	Total

Revenues

On-Roll Assessments	$	242,610.45						$	242,610.45	
Off-Roll Assessments	65,166.79						65,166.79	
On-Roll Assessments			$	555,770.97				555,770.97	
Off-Roll Assessments			241,952.20				241,952.20	
Other Assessments			558,186.96				558,186.96	
Inter-Fund Group Transfers In			(11,422.03)				(11,422.03)	
Developer Contributions					$	517,178.76		517,178.76	
Inter-Fund Transfers In					11,422.03		11,422.03	
Total Revenues	$	307,777.24		$	1,344,488.10		$	528,600.79		 
$	-	$ 2,180,866.13	

Expenses

Supervisor Fees	$	1,600.00						$	1,600.00	
POL Insurance	3,162.00						3,162.00	
Trustee Services	6,738.87						6,738.87	
Management	12,500.00						12,500.00	
Field Management	1,000.00						1,000.00	
Engineering	1,677.50						1,677.50	
Disclosure	4,000.00						4,000.00	
District Counsel	6,166.40						6,166.40	
Assessment Administration	15,000.00						15,000.00	
Audit	5,500.00						5,500.00	
Tax Preparation	29.34						29.34	
Postage & Shipping	166.32						166.32	
Legal Advertising	616.88						616.88	
Meeting Room	210.00						210.00	
Web Site Maintenance	1,025.00						1,025.00	
Dues, Licenses, and Fees	175.00						175.00	
Electric	438.85						438.85	
General Insurance	3,867.00						3,867.00	
Property & Casualty	1,617.00						1,617.00	
Other Insurance	1,350.00						1,350.00	
Irrigation	6,087.10						6,087.10	
Lake Maintenance	6,842.88						6,842.88	
Landscaping Maintenance & Material	77,236.50						77,236.50	
Landscape Improvements	4,300.00						4,300.00	
Contingency	3,250.00						3,250.00	
Principal Payments - S2023 bond			$	1,065,000.00				1,065,000.00	
Interest Payments - S2019 Bond			29,912.50				29,912.50	
Interest Payments - S2023 bond			352,814.07				352,814.07	
Capital Expenditures					$	364,807.50		364,807.50	
Total Expenses	$	164,556.64		$	1,447,726.57		$	364,807.50		 
$	-	$ 1,977,090.71	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	5,536.95						$	5,536.95	
Interest Income			$	24,974.48				24,974.48	
Interest Income					$	647.24		647.24	
Total Other Revenues (Expenses) & Gains (Losses)	$	5,536.95		$	24,974.48		$	647.24		 
$	-	$	31,158.67	
Change In Net Assets	$	148,757.55		$	(78,263.99)		$	164,440.53		$	-	$	234,934.09	
Net Assets At Beginning Of Year	$	212,988.16		$	2,619,029.72		$	(807,113.50)		$	-	$ 2,024,904.38	

Net Assets At End Of Year	

$	361,745.71		

$	2,540,765.73		

$	(642,672.97)		 

$	-	$ 2,259,838.47	

Budget to Actual
For the Month Ending 02/28/2026

	YTD Actual		YTD Budget		YTD Variance		FY 2026
Adopted Budget		Percentage Spent	

Revenues										
On-Roll Assessments	$	242,610.45		$ 102,019.18		$  140,591.28		$	244,846.02		99.09%	
Off-Roll Assessments	65,166.79		35,832.18		29,334.61		85,997.24		75.78%	
Carry Forward Revenue	24,583.33		24,583.33		-		59,000.00		41.67%	
Net Revenues	$	332,360.57		$ 162,434.69		$  169,925.88		$	389,843.26		85.25%	
General & Administrative Expenses										
Supervisor Fees	$	1,600.00		$	2,083.33		$	(483.33)		$	5,000.00		32.00%	
POL Insurance	3,162.00		1,398.33		1,763.67		3,356.00		94.22%	
Trustee Services	6,738.87		3,546.78		3,192.10		8,512.26		79.17%	
Management	12,500.00		12,500.00		-		30,000.00		41.67%	
Field Management	1,000.00		1,000.00		-		2,400.00		41.67%	
Engineering	1,677.50		4,166.67		(2,489.17)		10,000.00		16.78%	
Disclosure	4,000.00		2,708.33		1,291.67		6,500.00		61.54%	
Property Appraiser	-		4,166.67		(4,166.67)		10,000.00		0.00%	
District Counsel	6,166.40		6,666.67		(500.27)		16,000.00		38.54%	
Assessment Administration	15,000.00		6,250.00		8,750.00		15,000.00		100.00%	
Reamortization Schedules	-		416.67		(416.67)		1,000.00		0.00%	
Audit	5,500.00		2,500.00		3,000.00		6,000.00		91.67%	
Arbitrage Calculation	-		208.33		(208.33)		500.00		0.00%	
Tax Preparation	29.34		20.83		8.51		50.00		58.68%	
Travel and Per Diem	-		104.17		(104.17)		250.00		0.00%	
Postage & Shipping	166.32		125.00		41.32		300.00		55.44%	
Legal Advertising	616.88		833.33		(216.45)		2,000.00		30.84%	
Meeting Room	210.00		291.67		(81.67)		700.00		30.00%	
Web Site Maintenance	1,025.00		1,225.00		(200.00)		2,940.00		34.86%	
Dues, Licenses, and Fees	175.00		72.92		102.08		175.00		100.00%	
Total General & Administrative Expenses	$	59,567.31		$  50,284.69		$	9,282.62		$	120,683.26		49.36%	
Field Expenses										
Electric	$	438.85		$	2,708.33		$	(2,269.48)		$	6,500.00		6.75%	
Amenity - Pool Furniture/ Repair/Replace	-		833.33		(833.33)		2,000.00		0.00%	
Amenity - Pool Maintenance	-		2,000.00		(2,000.00)		4,800.00		0.00%	
Amenity - Access Control	-		2,083.33		(2,083.33)		5,000.00		0.00%	
Amenity - Janitorial	-		937.50		(937.50)		2,250.00		0.00%	
Amenity - Pest Control	-		333.33		(333.33)		800.00		0.00%	
General Insurance	3,867.00		1,710.00		2,157.00		4,104.00		94.23%	
Property & Casualty	1,617.00		7,648.33		(6,031.33)		18,356.00		8.81%	
Other Insurance	1,350.00		562.50		787.50		1,350.00		100.00%	
Irrigation	6,087.10		5,833.33		253.77		14,000.00		43.48%	
Lake Maintenance	6,842.88		14,583.33		(7,740.45)		35,000.00		19.55%	
Landscaping Maintenance & Material	77,236.50		56,250.00		20,986.50		135,000.00		57.21%	
Landscape Improvements	4,300.00		4,166.67		133.33		10,000.00		43.00%	
Contingency	3,250.00		10,416.67		(7,166.67)		25,000.00		13.00%	
Reserve Account	-		2,083.33		(2,083.33)		5,000.00		0.00%	
Total Field Expenses	$	104,989.33		$ 112,150.00		$	(7,160.67)		$	269,160.00		39.01%	
Total Expenses	 $	164,556.64 		 $ 162,434.69 		 $	2,121.95 		 $	389,843.26 			42.21%	
Income (Loss) from Operations	$	167,803.93		$	-		$  167,803.93		$	-			
Other Income (Expense)										
Interest Income	$	5,536.95		$	-		$	5,536.95		$	-			
Total Other Income (Expense)	$	5,536.95		$	-		$	5,536.95		$	-			
Net Income (Loss)	$	173,340.88		$	-		$  173,340.88		$	-