Lakeside Landings CDD
February 2025 Financial Report

February 28, 2025

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

Lakeside Landings CDD Statement of Financial Position As of 2/28/2025

General Fund	General Fixed Asset Group

Total

	Assets		
Current Assets
General Checking Account	
$	513,544.12				
$	513,544.12	
Reserve Checking Account	258,407.62				258,407.62	
Assessments Receivable	3,779.59				3,779.59	
Deposits	13,402.65				13,402.65	
Total Current Assets	$	789,133.98		$	-		$	789,133.98	

Property, Plant & Equipment
Other Fixed Assets (2007)			

$  7,652,859.49		

$ 7,652,859.49	
Other Fixed Assets (2008)	
		923,482.00		923,482.00	
Total Property, Plant & Equipment	$	-		$  8,576,341.49		$ 8,576,341.49	
Total Assets	$	789,133.98		$  8,576,341.49		$ 9,365,475.47	

Liabilities and Net Assets					
Current Liabilities
Deferred Revenue	
$	3,779.59				
$	3,779.59	
Total Current Liabilities	$	3,779.59		$	-		$	3,779.59	
Total Liabilities	$	3,779.59		$	-		$	3,779.59	

Net Assets
Net Assets, Unrestricted	

$	69,458.89				

$	69,458.89	
Net Assets - General Government	323,559.27				323,559.27	
Current Year Net Assets - General Government	392,336.23				392,336.23	
Net Assets, Invd in Capital, Net of Debt	
		$  8,576,341.49		8,576,341.49	
Total Net Assets	$	785,354.39		$  8,576,341.49		$ 9,361,695.88	

					
Total Liabilities and Net Assets	$	789,133.98		$  8,576,341.49		$ 9,365,475.47	

Lakeside Landings CDD
Statement of Activities As of 2/28/2025

General Fund	General Fixed Asset Group

Total

Revenues

On-Roll Assessments	$	590,704.38		$	590,704.38	
Total Revenues	$	590,704.38		$	-	$	590,704.38	

Supervisor Fees	$	1,000.00		$	1,000.00	
POL Insurance	2,628.00		2,628.00	
Management	15,000.00		15,000.00	
Engineering	360.00		360.00	
Property Appraiser	6,392.10		6,392.10	
District Counsel	2,663.50		2,663.50	
Assessment Administration	5,000.00		5,000.00	
Travel and Per Diem	85.00		85.00	
Postage & Shipping	95.22		95.22	
Legal Advertising	134.40		134.40	
Meeting Room	214.00		214.00	
Property Taxes	122.25		122.25	
Web Site Maintenance	850.00		850.00	
Dues, Licenses, and Fees	175.00		175.00	
Security	15,543.22		15,543.22	
Amenity - Pool Maintenance	17,200.00		17,200.00	
Amenity - Access Control Key Fob	2,679.55		2,679.55	
Amenity - Janitorial	12,750.00		12,750.00	
Amenity - Pest Control	569.00		569.00	
Amenity - Vandalism	210.00		210.00	
Amenity - Security	1,358.97		1,358.97	
Hog Capture	4,800.00		4,800.00	
Amenity - Miscellaneous	5,265.00		5,240.00	
General Insurance	3,209.00		3,209.00	
Property & Casualty	14,780.00		14,714.00	
Irrigation	7,560.62		7,548.39	
Lake Maintenance	5,775.00		5,775.00	
Landscaping Maintenance & Material	22,388.00		22,388.00	
Landscape Improvements	233.84		233.84	
Hurricane Clean-Up	7,500.00		7,500.00	
Streetlights	52,567.98		52,567.98	
Total Expenses	$	209,109.65		$	-	$	209,109.65	

er Revenues (Expenses) & Gains (Losses)
Interest Income	

$	10,741.50				

$	10,741.50	
Total Other Revenues (Expenses) & Gains (Losses)	$	10,741.50		$	-		$	10,741.50	
Change In Net Assets	$	392,336.23		$	-		$	392,336.23	
Net Assets At Beginning Of Year	$	393,018.16		$  8,576,341.49		$ 8,969,359.65	

Net Assets At End Of Year	
$	785,354.39		
$  8,576,341.49		
$ 9,361,695.88	

Expenses

Oth

Budget to Actual
For the Month Ending 2/28/2025

Year To Date

Actual	Budget	Variance

FY 2025
Adopted Budget

Percentage Spent

Revenues

On-Roll Assessments	$	590,704.38		$  247,701.05		$  343,003.33		$ 594,482.50		99.36%	
Net Revenues	$	590,704.38		$  247,701.05		$  343,003.33		$ 594,482.50		99.36%	
General & Administrative Expenses

Supervisor Fees	$	1,000.00		$	2,916.65		$	(1,916.65)		$	7,000.00		14.29%	
POL Insurance	2,628.00		1,125.85		1,502.15		2,702.00		97.26%	
Management	15,000.00		18,750.00		(3,750.00)		45,000.00		33.33%	
Field Management	-		416.65		(416.65)		1,000.00		0.00%	
Engineering	360.00		4,166.65		(3,806.65)		10,000.00		3.60%	
Property Appraiser	6,392.10		2,708.35		3,683.75		6,500.00		98.34%	
District Counsel	2,663.50		6,250.00		(3,586.50)		15,000.00		17.76%	
Assessment Administration	5,000.00		2,083.35		2,916.65		5,000.00		100.00%	
Audit	-		1,500.00		(1,500.00)		3,600.00		0.00%	
Travel and Per Diem	85.00		1,041.65		(956.65)		2,500.00		3.40%	
Telephone	-		4.15		(4.15)		10.00		0.00%	
Postage & Shipping	95.22		833.35		(738.13)		2,000.00		4.76%	
Copies	-		312.50		(312.50)		750.00		0.00%	
Legal Advertising	134.40		2,708.35		(2,573.95)		6,500.00		2.07%	
Miscellaneous	-		416.65		(416.65)		1,000.00		0.00%	
Meeting Room	214.00		312.50		(98.50)		750.00		28.53%	
Property Taxes	122.25		62.50		59.75		150.00		81.50%	
Web Site Maintenance	850.00		1,166.65		(316.65)		2,800.00		30.36%	
Dues, Licenses, and Fees	175.00		72.90		102.10		175.00		100.00%	
Security	15,543.22		15,416.65		126.57		37,000.00		42.01%	
Amenity - Pool Maintenance	17,200.00		16,666.65		533.35		40,000.00		43.00%	
Amenity - Access Control Key Fob	2,679.55		2,083.35		596.20		5,000.00		53.59%	
Amenity - Janitorial	12,750.00		19,035.80		(6,285.80)		45,685.92		27.91%	
Amenity - Pest Control	569.00		625.00		(56.00)		1,500.00		37.93%	
Amenity - Vandalism	210.00		1,041.65		(831.65)		2,500.00		8.40%	
Amenity - Security	1,358.97		833.35		525.62		2,000.00		67.95%	
Amenity - Pool Furniture	-		416.65		(416.65)		1,000.00		0.00%	
Hog Capture	4,800.00		6,250.00		(1,450.00)		15,000.00		32.00%	
Amenity - Miscellaneous	5,265.00		3,125.15		2,139.85		7,500.00		70.20%	
General Insurance	3,209.00		1,375.00		1,834.00		3,300.00		97.24%	
Property & Casualty	14,780.00		6,090.40		8,689.60		14,617.00		101.12%	
Irrigation	7,560.62		7,500.00		60.62		18,000.00		42.00%	
Lake Maintenance	5,775.00		19,166.65		(13,391.65)		46,000.00		12.55%	
Landscaping Maintenance & Material	22,388.00		37,500.00		(15,112.00)		90,000.00		24.88%	
Landscape Improvements	233.84		10,416.65		(10,182.81)		25,000.00		0.94%	
Contingency Reserve	10,000.00		4,166.65		5,833.35		10,000.00		100.00%	
Hurricane Clean-Up	7,500.00		4,166.65		3,333.35		10,000.00		75.00%	
Streetlights	52,567.98		44,976.10		7,591.88		107,942.58		48.70%	
Total General & Administrative Expenses	$	219,109.65		$  247,701.05		$	(28,591.40)		$ 594,482.50		36.86%	
Total Expenses	 $	219,109.65 		 $  247,701.05 		 $	(28,591.40)		 $ 594,482.50 			36.86%	
Income (Loss) from Operations	$	371,594.73		$	-		$  371,594.73		$	-			

Other Income (Expense)

Interest Income	$	10,741.50		$	-	$	10,741.50		$	-	
Total Other Income (Expense)	$	10,741.50		 
$	-	$	10,741.50		$	-	
Net Income (Loss)	$	382,336.23		 
$	-	$  382,336.23		$	-