Lakeside Preserve CDD
March 2026 Financial Report

March 31, 2026

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

Statement of Financial Position As of 3/31/2026

Debt Service	Capital	Long-Term Debt	
Fund	Projects Fund	Fund	

General Fund	Total

	Assets		
Current Assets
General Checking Account	

$  220,361.30						

$	220,361.30	
Checking Account - Reserve	117,334.03						117,334.03	
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		768,256.25					768,256.25	
Series 2019 Revenue		247,365.97					247,365.97	
Series 2023 Revenue		998,943.69					998,943.69	
Series 2019 Prepayment		17.67					17.67	
Series 2023 Prepayment		619,461.31					619,461.31	
Series 2019 General Fund		2.39					2.39	
Series 2019 Sinking Fund		866.18					866.18	
Accounts Receivable - Due from Developer				$	18,512.93			18,512.93	
Series 2023 Acquisition/Construction	
			64,368.93			64,368.93	
Total Current Assets	$  359,250.06	$ 2,806,033.93		$	82,881.86		$	-	$  3,248,165.85	

Investments
Amount Available in Debt Service Funds	$  2,724,522.83		$  2,724,522.83	
Amount To Be Provided	9,010,477.17		9,010,477.17	
Total Investments	  	
$	-	$	-	$	-	$ 11,735,000.00		$ 11,735,000.00	

Total Assets	$  359,250.06	$ 2,806,033.93	$	82,881.86	$ 11,735,000.00	$ 14,983,165.85

Liabilities and Net Assets

Current Liabilities
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					$	84,030.70			84,030.70	
Retainage Payable					652,477.07			652,477.07	
Deferred Revenue					18,512.93			18,512.93	
Total Current Liabilities	$	22,067.69		$	79,983.29		$  755,020.70		$	
-	$	857,071.68	

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	$	22,067.69		$	79,983.29		$  755,020.70		$ 11,735,000.00		$ 12,592,071.68	

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	124,194.21								124,194.21	
Net Assets, Unrestricted			$ 2,619,029.72						2,619,029.72	
Current Year Net Assets, Unrestricted			107,020.92						107,020.92	
Net Assets, Unrestricted					$  (807,113.50)				(807,113.50)	
Current Year Net Assets, Unrestricted					134,974.66				134,974.66	
Total Net Assets	$  337,182.37		$ 2,726,050.64		$  (672,138.84)		$	-		$  2,391,094.17	
										
Total Liabilities and Net Assets	$  359,250.06		$ 2,806,033.93		$	82,881.86		$ 11,735,000.00		$ 14,983,165.85	

Statement of Activities As of 3/31/2026

Debt Service	Capital	Long-Term	
Fund	Projects 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	
Inter-Fund Transfers In	(400.50)						(400.50)	
On-Roll Assessments			$	555,770.97				555,770.97	
Off-Roll Assessments			241,952.20				241,952.20	
Other Assessments			739,405.32				739,405.32	
Inter-Fund Group Transfers In			(13,296.69)				(13,296.69)	
Developer Contributions					$	564,789.67		564,789.67	
Inter-Fund Transfers In					13,697.19		13,697.19	
Total Revenues	$ 307,376.74		$ 1,523,831.80		$	578,486.86		 
$	-	$ 2,409,695.40	

Expenses

Supervisor Fees	$	2,800.00						$	2,800.00	
POL Insurance	3,162.00						3,162.00	
Trustee Services	6,738.87						6,738.87	
Management	15,000.00						15,000.00	
Field Management	1,200.00						1,200.00	
Engineering	2,997.50						2,997.50	
Disclosure	4,000.00						4,000.00	
District Counsel	7,764.00						7,764.00	
Assessment Administration	15,000.00						15,000.00	
Audit	6,000.00						6,000.00	
Tax Preparation	29.34						29.34	
Postage & Shipping	183.29						183.29	
Legal Advertising	669.38						669.38	
Meeting Room	280.00						280.00	
Web Site Maintenance	1,170.00						1,170.00	
Dues, Licenses, and Fees	175.00						175.00	
Electric	482.50						482.50	
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	10,002.10						10,002.10	
Lake Maintenance	8,216.52						8,216.52	
Landscaping Maintenance & Material	89,475.50						89,475.50	
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	
District Counsel					$	400.50		400.50	
Capital Expenditures					443,785.89		443,785.89	
Total Expenses	$ 189,730.00		$ 1,447,726.57		$	444,186.39		 
$	-	$ 2,081,642.96	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	6,547.47						$	6,547.47	
Interest Income			$	30,915.69				$	30,915.69	
Interest Income					$	674.19		$	674.19	
Total Other Revenues (Expenses) & Gains (Losses)	$	6,547.47		$	30,915.69		$	674.19		 
$	-	$	38,137.35	
Change In Net Assets	$ 124,194.21		$	107,020.92		$	134,974.66		$	-	$	366,189.79	

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	

$ 337,182.37		

$ 2,726,050.64		

$  (672,138.84)		 

$	-	$ 2,391,094.17	

Budget to Actual
For the Month Ending 03/31/2026

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

Revenues										
On-Roll Assessments	$	242,610.45		$ 122,423.01		$  120,187.44		$	244,846.02		99.09%	
Off-Roll Assessments	65,166.79		42,998.62		22,168.17		85,997.24		75.78%	
Carry Forward Revenue	29,500.00		29,500.00		-		59,000.00		50.00%	
Net Revenues	$	337,277.24		$ 194,921.63		$  142,355.61		$	389,843.26		86.52%	
General & Administrative Expenses										
Supervisor Fees	$	2,800.00		$	2,500.00		$	300.00		$	5,000.00		56.00%	
POL Insurance	3,162.00		1,678.00		1,484.00		3,356.00		94.22%	
Trustee Services	6,738.87		4,256.13		2,482.74		8,512.26		79.17%	
Management	15,000.00		15,000.00		-		30,000.00		50.00%	
Field Management	1,200.00		1,200.00		-		2,400.00		50.00%	
Engineering	2,997.50		5,000.00		(2,002.50)		10,000.00		29.98%	
Disclosure	4,000.00		3,250.00		750.00		6,500.00		61.54%	
Property Appraiser	-		5,000.00		(5,000.00)		10,000.00		0.00%	
District Counsel	7,764.00		8,000.00		(236.00)		16,000.00		48.53%	
Assessment Administration	15,000.00		7,500.00		7,500.00		15,000.00		100.00%	
Reamortization Schedules	-		500.00		(500.00)		1,000.00		0.00%	
Audit	6,000.00		3,000.00		3,000.00		6,000.00		100.00%	
Arbitrage Calculation	-		250.00		(250.00)		500.00		0.00%	
Tax Preparation	29.34		25.00		4.34		50.00		58.68%	
Travel and Per Diem	-		125.00		(125.00)		250.00		0.00%	
Postage & Shipping	183.29		150.00		33.29		300.00		61.10%	
Legal Advertising	669.38		1,000.00		(330.62)		2,000.00		33.47%	
Meeting Room	280.00		350.00		(70.00)		700.00		40.00%	
Web Site Maintenance	1,170.00		1,470.00		(300.00)		2,940.00		39.80%	
Dues, Licenses, and Fees	175.00		87.50		87.50		175.00		100.00%	
Total General & Administrative Expenses	$	67,169.38		$  60,341.63		$	6,827.75		$	120,683.26		55.66%	
Field Expenses										
Electric	$	482.50		$	3,250.00		$	(2,767.50)		$	6,500.00		7.42%	
Amenity - Pool Furniture/ Repair/Replace	-		1,000.00		(1,000.00)		2,000.00		0.00%	
Amenity - Pool Maintenance	-		2,400.00		(2,400.00)		4,800.00		0.00%	
Amenity - Access Control	-		2,500.00		(2,500.00)		5,000.00		0.00%	
Amenity - Janitorial	-		1,125.00		(1,125.00)		2,250.00		0.00%	
Amenity - Pest Control	-		400.00		(400.00)		800.00		0.00%	
General Insurance	3,867.00		2,052.00		1,815.00		4,104.00		94.23%	
Property & Casualty	1,617.00		9,178.00		(7,561.00)		18,356.00		8.81%	
Other Insurance	1,350.00		675.00		675.00		1,350.00		100.00%	
Irrigation	10,002.10		7,000.00		3,002.10		14,000.00		71.44%	
Lake Maintenance	8,216.52		17,500.00		(9,283.48)		35,000.00		23.48%	
Landscaping Maintenance & Material	89,475.50		67,500.00		21,975.50		135,000.00		66.28%	
Landscape Improvements	4,300.00		5,000.00		(700.00)		10,000.00		43.00%	
Contingency	3,250.00		12,500.00		(9,250.00)		25,000.00		13.00%	
Reserve Account	-		2,500.00		(2,500.00)		5,000.00		0.00%	
Total Field Expenses	$	122,560.62		$ 134,580.00		$	(12,019.38)		$	269,160.00		45.53%	
Total Expenses	 $	189,730.00 		 $ 194,921.63 		 $	(5,191.63)		 $	389,843.26 			48.67%	
Income (Loss) from Operations	$	147,547.24		$	-		$  147,547.24		$	-			
Other Income (Expense)										
Interest Income	$	6,547.47		$	-		$	6,547.47		$	-			
Total Other Income (Expense)	$	6,547.47		$	-		$	6,547.47		$	-			
Net Income (Loss)	$	154,094.71		$	-		$  154,094.71		$	-