Lakeside Preserve CDD
April 2026 Financial Report

April 30, 2026

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

Statement of Financial Position As of 4/30/2026

Debt Service	Capital	Long-Term Debt	
Fund	Projects Fund	Fund	

General Fund	Total

	Assets		
Current Assets			
General Checking Account	$  215,657.18						$	215,657.18	
Checking Account - Reserve	117,647.45						117,647.45	
Prepaid Expenses	709.35						709.35	
Deposits	305.50						305.50	
Due From Other Funds		$	745.33					745.33	
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		188,874.32					188,874.32	
Series 2023 Revenue		1,085,097.96					1,085,097.96	
Series 2019 Interest		29,912.50					29,912.50	
Series 2019 Prepayment		17.72					17.72	
Series 2023 Prepayment		863,440.87					863,440.87	
Series 2019 General Fund		2.40					2.40	
Series 2019 Sinking Fund		30,866.18					30,866.18	
Series 2023 Acquisition/Construction	
			$	57,085.30			57,085.30	
Total Current Assets	$  334,319.48	$ 3,056,822.90		$	57,085.30		$	-	$  3,448,227.68	

Investments
Amount Available in Debt Service Funds	$  3,056,077.57		$  3,056,077.57	
Amount To Be Provided	8,678,922.43		8,678,922.43	
Total Investments		 	
$	-	$	-	$	-	$ 11,735,000.00		$ 11,735,000.00	

Total Assets	$  334,319.48	$ 3,056,822.90	$	57,085.30	$ 11,735,000.00	$ 15,183,227.68

Current Liabilities	Liabilities and Net Assets		
Accounts Payable	$	1,048.75		$	1,048.75	
Due To Other Funds	745.33		745.33	
Accounts Payable		$	35,827.39	35,827.39	
Retainage Payable	
	652,477.07	652,477.07	
Total Current Liabilities	$	1,794.08	$	-	$  688,304.46	$	-	$	690,098.54

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	$	1,794.08		$	-		$  688,304.46		$ 11,735,000.00		$ 12,425,098.54	

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	119,537.24								119,537.24	
Net Assets, Unrestricted			$ 2,619,029.72						2,619,029.72	
Current Year Net Assets, Unrestricted			437,793.18						437,793.18	
Net Assets, Unrestricted					$  (807,113.50)				(807,113.50)	
Current Year Net Assets, Unrestricted					175,894.34				175,894.34	
Total Net Assets	$  332,525.40		$ 3,056,822.90		$  (631,219.16)		$	-		$  2,758,129.14	
										
Total Liabilities and Net Assets	$  334,319.48		$ 3,056,822.90		$	57,085.30		$ 11,735,000.00		$ 15,183,227.68	

Statement of Activities As of 4/30/2026

Debt Service	Capital	Long-Term	
Fund	Projects Fund	Debt Fund	

General Fund	Total

Revenues

On-Roll Assessments	$	241,638.94								$  241,638.94	
Off-Roll Assessments	85,997.24								85,997.24	
Inter-Fund Transfers In	(400.50)								(400.50)	
On-Roll Assessments			$  558,244.15						558,244.15	
Off-Roll Assessments			322,602.94						322,602.94	
Other Assessments			982,123.02						982,123.02	
Inter-Fund Group Transfers In			(15,240.20)						(15,240.20)	
Developer Contributions					$  625,512.22				625,512.22	
Inter-Fund Transfers In					15,640.70				15,640.70	
Total Revenues	$	327,235.68		$ 1,847,729.91		$  641,152.92		$	-		$ 2,816,118.51	

Expenses

Supervisor Fees	$	3,400.00								$	3,400.00	
POL Insurance	3,162.00								3,162.00	
Trustee Services	6,738.87								6,738.87	
Management	17,500.00								17,500.00	
Field Management	1,400.00								1,400.00	
Engineering	3,121.25								3,121.25	
Disclosure	4,000.00								4,000.00	
District Counsel	9,500.33								9,500.33	
Assessment Administration	15,000.00								15,000.00	
Audit	6,000.00								6,000.00	
Tax Preparation	29.34								29.34	
Postage & Shipping	220.63								220.63	
Legal Advertising	721.88								721.88	
Meeting Room	350.00								350.00	
Web Site Maintenance	1,615.00								1,615.00	
Dues, Licenses, and Fees	175.00								175.00	
Electric	578.45								578.45	
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	11,367.10								11,367.10	
Lake Maintenance	9,590.16								9,590.16	
Landscaping Maintenance & Material	105,389.50								105,389.50	
Landscape Improvements	4,300.00								4,300.00	
Contingency	3,250.00								3,250.00	
Signage & Amenities Repair	925.00								925.00	
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					465,648.64				465,648.64	
Total Expenses	$	215,168.51		$ 1,447,726.57		$  466,049.14		$	-		$ 2,128,944.22	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	7,470.07						$	7,470.07	
Interest Income			$	37,789.84				37,789.84	
Interest Income					$	790.56		790.56	
Total Other Revenues (Expenses) & Gains (Losses)	$	7,470.07		$	37,789.84		$	790.56		$	-	$	46,050.47	
Change In Net Assets	$	119,537.24		$  437,793.18		$  175,894.34		$	-	$  733,224.76	
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	
$	332,525.40		
$ 3,056,822.90		
$  (631,219.16)		 

$	-	$ 2,758,129.14	

Budget to Actual
For the Month Ending 04/30/2026

YTD Actual	YTD Budget	YTD Variance

FY 2026	Percentage Adopted Budget		Spent

Revenues

On-Roll Assessments	$	241,638.94		$ 142,826.85		$	98,812.10		$  244,846.02		98.69%	
Off-Roll Assessments	85,997.24		50,165.06		35,832.18		85,997.24		100.00%	
Carry Forward Revenue	34,416.67		34,416.67		-		59,000.00		58.33%	
Net Revenues	$	362,052.85		$ 227,408.57		$  134,644.28		$  389,843.26		92.87%	

Supervisor Fees	$	3,400.00		$	2,916.67		$	483.33		$	5,000.00		68.00%	
POL Insurance	3,162.00		1,957.67		1,204.33		3,356.00		94.22%	
Trustee Services	6,738.87		4,965.49		1,773.39		8,512.26		79.17%	
Management	17,500.00		17,500.00		-		30,000.00		58.33%	
Field Management	1,400.00		1,400.00		-		2,400.00		58.33%	
Engineering	3,121.25		5,833.33		(2,712.08)		10,000.00		31.21%	
Disclosure	4,000.00		3,791.67		208.33		6,500.00		61.54%	
Property Appraiser	-		5,833.33		(5,833.33)		10,000.00		0.00%	
District Counsel	9,500.33		9,333.33		167.00		16,000.00		59.38%	
Assessment Administration	15,000.00		8,750.00		6,250.00		15,000.00		100.00%	
Reamortization Schedules	-		583.33		(583.33)		1,000.00		0.00%	
Audit	6,000.00		3,500.00		2,500.00		6,000.00		100.00%	
Arbitrage Calculation	-		291.67		(291.67)		500.00		0.00%	
Tax Preparation	29.34		29.17		0.17		50.00		58.68%	
Travel and Per Diem	-		145.83		(145.83)		250.00		0.00%	
Postage & Shipping	220.63		175.00		45.63		300.00		73.54%	
Legal Advertising	721.88		1,166.67		(444.79)		2,000.00		36.09%	
Meeting Room	350.00		408.33		(58.33)		700.00		50.00%	
Web Site Maintenance	1,615.00		1,715.00		(100.00)		2,940.00		54.93%	
Dues, Licenses, and Fees	175.00		102.08		72.92		175.00		100.00%	
Total General & Administrative Expenses	$	72,934.30		$ 70,398.57		$	2,535.73		$  120,683.26		60.43%	
eld Expenses
Electric	

$	578.45		

$	3,791.67		

$	(3,213.22)		

$	6,500.00		

8.90%	
Amenity - Pool Furniture/ Repair/Replace	-		1,166.67		(1,166.67)		2,000.00		0.00%	
Amenity - Pool Maintenance	-		2,800.00		(2,800.00)		4,800.00		0.00%	
Amenity - Access Control	-		2,916.67		(2,916.67)		5,000.00		0.00%	
Amenity - Janitorial	-		1,312.50		(1,312.50)		2,250.00		0.00%	
Amenity - Pest Control	-		466.67		(466.67)		800.00		0.00%	
General Insurance	3,867.00		2,394.00		1,473.00		4,104.00		94.23%	
Property & Casualty	1,617.00		10,707.67		(9,090.67)		18,356.00		8.81%	
Other Insurance	1,350.00		787.50		562.50		1,350.00		100.00%	
Irrigation	11,367.10		8,166.67		3,200.43		14,000.00		81.19%	
Lake Maintenance	9,590.16		20,416.67		(10,826.51)		35,000.00		27.40%	
Landscaping Maintenance & Material	105,389.50		78,750.00		26,639.50		135,000.00		78.07%	
Landscape Improvements	4,300.00		5,833.33		(1,533.33)		10,000.00		43.00%	
Contingency	3,250.00		14,583.33		(11,333.33)		25,000.00		13.00%	
Signage & Amenities Repair	925.00		-		-		-		0.00%	
Reserve Account	-		2,916.67		(2,916.67)		5,000.00		0.00%	
Total Field Expenses	$	142,234.21		$ 157,010.00		$  (15,700.79)		$  269,160.00		52.84%	
Total Expenses	 $	215,168.51 		 $ 227,408.57 		 $  (13,165.06)		 $  389,843.26 			55.19%	
Income (Loss) from Operations	$	146,884.34		$	-		$  147,809.34		$	-			

General & Administrative Expenses

Fi

Other Income (Expense)

Interest Income	$	7,470.07		$	-	$	7,470.07		$	-	
Total Other Income (Expense)	$	7,470.07		 
$	-	$	7,470.07		$	-	
Net Income (Loss)	$	154,354.41		 
$	-	$  155,279.41		$	-