Lakewood Ranch Stewardship District
March 2025 O&M and BRU Financial Package

March 31, 2025

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

Lakewood Ranch Stewardship District
Statement of Financial Position As of 3/31/2025

General Fund	General Fund	Variance	BRU Fund	BRU Fund	Variance	
Current Month	Prior Month		Current Month	Prior Month		

	Assets			
Current Assets
Cash-Operating Account	
$7,712,199.09		
$7,705,353.47	
$6,845.62		
Reserve Account	1,049,000.39		1,048,996.36	4.03		
Due from BRU	0.00		165.17	(165.17)		
Prepaid Expense	17,861.78		11,780.94	6,080.84		
BRU Operating Account						$547,916.21		$525,827.55		$22,088.66	
BRU Revenue Account						988,717.90		1,000,910.72		(12,192.82)	
Accounts Receivable			
			130,850.29		48,481.43		82,368.86	
Total Current Assets	$8,779,061.26		$8,766,295.94	$12,765.32		$1,667,484.40		$1,575,219.70		$92,264.70	
Total Assets	$8,779,061.26		
$8,766,295.94	$12,765.32		$1,667,484.40		$1,575,219.70		$92,264.70	

Liabilities and Net Assets

Current Liabilities
Accounts Payable	$1,154,362.07		$181,675.41		$972,686.66		
Due to Debt Service Fund	0.00		45,453.41		(45,453.41)		
Payroll Tax Liability	804.39		731.06		73.33		
Reserve Liability	1,049,000.39		1,155,078.36		(106,077.97)		
Accounts Payable							$26,874.97		$32,948.20		($6,073.23)	
Due to General Fund							0.00		165.17		(165.17)	
Total Current Liabilities	$2,204,166.85		$1,382,938.24		$821,228.61		$26,874.97		$33,113.37		($6,238.40)	
Total Liabilities	$2,204,166.85		$1,382,938.24		$821,228.61		$26,874.97		$33,113.37		($6,238.40)	

Net Assets
Retained Earnings - Prior Year	$1,022,433.08		$1,022,433.08		$0.00		$1,356,517.68		$1,356,517.68		$0.00	
Surplus (Deficit) for the Period	5,552,461.33		6,360,924.62		(808,463.29)		284,091.75		185,588.65		98,503.10	
Total Net Assets	$6,574,894.41		$7,383,357.70		($808,463.29)		$1,640,609.43		$1,542,106.33		$98,503.10	
												
Total Liabilities and Net Assets	$8,779,061.26		$8,766,295.94		$12,765.32		$1,667,484.40		$1,575,219.70		$92,264.70	

Income Statement
For the period of 3/1/2025 Through 3/31/2025 Fund: (001) General Fund
Sector: (000) Administration

		Current Period			Year To Date		Adopted	Budget	Percentage	
	Actual	Budget	Variance	Actual	Budget	Variance	Budget FY25	Remaining	Used	

Revenues										
Developer Contributions	$0.00	$76,517.08	$(76,517.08)	$220,302.15	$459,102.48	$(238,800.33)	$918,204.96	$697,902.81	24%	
Other Revenue	4.23	83.33	(79.10)	73,199.68	499.98	72,699.70	999.96	(72,199.72)	7320%	
Park Revenue	112.84	0.00	112.84	6,513.62	0.00	6,513.62	0.00	(6,513.62)	0%	
Net Revenues	$117.07		$76,600.41		$(76,483.34)		$300,015.45		$459,602.46		$(159,587.01)		$919,204.92	$619,189.47		
General & Administrative Expenses										
Maintenance Management	$15,000.00	$15,000.00	$0.00	$90,000.00	$90,000.00	$0.00	$180,000.00	$90,000.00	50%	
Uniforms	0.00	333.33	333.33	836.73	1,999.98	1,163.25	3,999.96	3,163.23	21%	
Job Materials	294.15	666.67	372.52	1,470.75	4,000.02	2,529.27	8,000.04	6,529.29	18%	
Phone/Radio	419.86	583.33	163.47	2,518.56	3,499.98	981.42	6,999.96	4,481.40	36%	
Office Supplies	0.00	250.00	250.00	0.00	1,500.00	1,500.00	3,000.00	3,000.00	0%	
Fuel Only	1,373.38	1,550.00	176.62	6,891.34	9,300.00	2,408.66	18,600.00	11,708.66	37%	
Equipment	444.00	416.67	(27.33)	87,661.51	2,500.02	(85,161.49)	5,000.04	(82,661.47)	1753%	
Tools/Machinery	0.00	4,166.67	4,166.67	0.00	25,000.02	25,000.02	50,000.04	50,000.04	0%	
Supplies	17,417.61	3,333.33	(14,084.28)	74,113.42	19,999.98	(54,113.44)	39,999.96	(34,113.46)	185%	
Miscellaneous Maintenance	16,783.63	2,500.00	(14,283.63)	46,027.58	15,000.00	(31,027.58)	30,000.00	(16,027.58)	153%	
Maintenance Yard	0.00	250.00	250.00	0.00	1,500.00	1,500.00	3,000.00	3,000.00	0%	
Vehicle R&M	1,237.10	333.33	(903.77)	12,283.93	1,999.98	(10,283.95)	3,999.96	(8,283.97)	307%	
Vehicle	0.00	4,166.67	4,166.67	41.80	25,000.02	24,958.22	50,000.04	49,958.24	0%	
Community Services P&A Admin Fee	0.00	28,392.08	28,392.08	0.00	170,352.48	170,352.48	340,704.96	340,704.96	0%	
Waste Management	0.00	250.00	250.00	0.00	1,500.00	1,500.00	3,000.00	3,000.00	0%	
Robert N Gardner Park at L	59,664.99	29,166.67	(30,498.32)	244,672.89	175,000.02	(69,672.87)	350,000.04	105,327.15	70%	
James L patton Park at Ke	5,429.27	11,666.67	6,237.40	35,100.89	70,000.02	34,899.13	140,000.04	104,899.15	25%	
Roger A Hill Park at White	5,106.02	4,166.67	(939.35)	21,649.10	25,000.02	3,350.92	50,000.04	28,350.94	43%	
Silver Falls Park	6,530.25	2,291.67	(4,238.58)	12,447.25	13,750.02	1,302.77	27,500.04	15,052.79	45%	
Waterside Park	61,970.54	16,228.00	(45,742.54)	191,232.86	97,368.00	(93,864.86)	194,736.00	3,503.14	98%	
Town Hall North	3,823.41	8,166.67	4,343.26	27,116.50	49,000.02	21,883.52	98,000.04	70,883.54	28%	
117th Park Project	0.00	416.67	416.67	100.00	2,500.02	2,400.02	5,000.04	4,900.04	2%	
University LWR Entrance	185.41	12,500.00	12,314.59	22,515.37	75,000.00	52,484.63	150,000.00	127,484.63	15%	
Trails (Harmony & Curlew)	1,365.00	4,166.67	2,801.67	17,645.00	25,000.02	7,355.02	50,000.04	32,355.04	35%	
Tunnel Park	0.00	2,083.33	2,083.33	0.00	12,499.98	12,499.98	24,999.96	24,999.96	0%	
CDD Allocation-Univ. Pkwy & Lorraine	0.00	2,083.33	2,083.33	22,308.00	12,499.98	(9,808.02)	24,999.96	2,691.96	89%	
GIS Implementation & Maintenance	0.00	29,166.67	29,166.67	0.00	175,000.02	175,000.02	350,000.04	350,000.04	0%	
Insurance	0.00	7,083.33	7,083.33	158,700.00	42,499.98	(116,200.02)	84,999.96	(73,700.04)	187%	
Supervisor Fees	600.00	1,000.00	400.00	3,200.00	6,000.00	2,800.00	12,000.00	8,800.00	27%	
Meeting Advertising	2,401.88	921.67	(1,480.21)	5,563.00	5,530.02	(32.98)	11,060.04	5,497.04	50%	
Engineering	25,228.00	11,666.67	(13,561.33)	146,692.52	70,000.02	(76,692.50)	140,000.04	(6,692.48)	105%	
Bond Agent Fees	0.00	1,916.67	1,916.67	12,540.00	11,500.02	(1,039.98)	23,000.04	10,460.04	55%	
Arbitrage Report	0.00	416.67	416.67	0.00	2,500.02	2,500.02	5,000.04	5,000.04	0%	
Legal Fees	0.00	10,416.67	10,416.67	18,256.15	62,500.02	44,243.87	125,000.04	106,743.89	15%	
Accounting	8,300.00	9,166.67	866.67	49,800.00	55,000.02	5,200.02	110,000.04	60,200.04	45%	
Lien Book and Tax Roll	14,000.00	33,291.67	19,291.67	275,000.00	199,750.02	(75,249.98)	399,500.04	124,500.04	69%	
Annual Audit	12,000.00	2,500.00	(9,500.00)	30,500.00	15,000.00	(15,500.00)	30,000.00	(500.00)	102%	
Trustee	10,211.66	13,000.00	2,788.34	137,648.42	78,000.00	(59,648.42)	156,000.00	18,351.58	88%	
Manager	7,500.00	19,833.33	12,333.33	45,000.00	118,999.98	73,999.98	237,999.96	192,999.96	19%	
Postage	124.31	125.00	0.69	285.89	750.00	464.11	1,500.00	1,214.11	19%	
Office Supplies	0.00	125.00	125.00	0.00	750.00	750.00	1,500.00	1,500.00	0%	

Income Statement
For the period of 3/1/2025 Through 3/31/2025 Fund: (001) General Fund
Sector: (000) Administration

		Current Period			Year To Date		Adopted	Budget	Percentage	
	Actual	Budget	Variance	Actual	Budget	Variance	Budget FY25	Remaining	Used		
Other Current Charges	1,530.24	317.50	(1,212.74)	1,998.70	1,905.00	(93.70)	3,810.00	1,811.30		52%	
Dues, Licenses, Subscriptions	24,685.86	5,000.00	(19,685.86)	32,399.23	30,000.00	(2,399.23)	60,000.00	27,600.77		54%	
Payroll & Payroll Tax Expense	78,677.73	97,087.00	18,409.27	497,353.91	582,522.00	85,168.09	1,165,044.00	667,690.09		43%	
Cell Phone Expense	55.40	83.33	27.93	221.60	499.98	278.38	999.96	778.36		22%	
Healthcare Expense	6,194.06	0.00	(6,194.06)	40,237.40	0.00	(40,237.40)	0.00	(40,237.40)			
457B Match Expense	1,117.01	0.00	(1,117.01)	3,786.05	0.00	(3,786.05)	0.00	(3,786.05)			
Defined Employee Contribution Plan	500.00	3,166.67	2,666.67	1,000.00	19,000.02	18,000.02	38,000.04	37,000.04		3%	
Roth Match Expense	600.16	0.00	(600.16)	2,462.35	0.00	(2,462.35)	0.00	(2,462.35)			
Disclosure	38,750.00	0.00	(38,750.00)	72,500.00	0.00	(72,500.00)	0.00	(72,500.00)			
Reserves	(106,077.97)	8,840.17	114,918.14	28,194.12	53,041.02	24,846.90	106,082.04	77,887.92		27%	
Total General & Administrative	$323,442.96		$410,253.12		$86,810.16		$2,479,972.82		$2,461,518.72		$(18,454.10)		$4,923,037.44	$2,443,064.62			
Expenses
Total Expenses	
	$323,442.96	
	$410,253.12	
	$86,810.16	
  $2,479,972.82	
  $2,461,518.72	
	$(18,454.10)					
Net Income (Loss)	$(323,325.89)		$(333,652.71)		$10,326.82		$(2,179,957.37)		$(2,001,916.26)		$(178,041.11)					

		Current Period			Year To Date		Adopted	Budget	Percentage	
	Actual	Budget	Variance	Actual	Budget	Variance	Budget FY25	Remaining	Used	

Revenues										
Revenue	$741,031.24	$529,743.33	$211,287.91	$4,289,312.43	$3,178,459.98	$1,110,852.45	$6,356,919.96	$2,067,607.53	67%	
Net Revenues	$741,031.24		$529,743.33		$211,287.91		$4,289,312.43		$3,178,459.98		$1,110,852.45		$6,356,919.96	$2,067,607.53		
General & Administrative Expenses										
Transfer to Other Fund	$227,941.27	$0.00	$(227,941.27)	$2,146,106.40	$0.00	$(2,146,106.40)	$0.00	$0.00		
Transfer to General Fund	0.00	0.00	0.00	35,110.91	0.00	(35,110.91)	0.00	0.00		
FPL	50,224.06	41,666.67	(8,557.39)	186,250.06	250,000.02	63,749.96	500,000.04	313,749.98	37%	
Peace River Utilities	23,822.85	33,333.33	9,510.48	121,642.81	199,999.98	78,357.17	399,999.96	278,357.15	30%	
City of Sarasota Utilities	43,958.33	42,250.00	(1,708.33)	172,126.87	253,500.00	81,373.13	507,000.00	334,873.13	34%	
City of Bradenton Utilities	69,448.80	39,000.00	(30,448.80)	224,977.60	234,000.00	9,022.40	468,000.00	243,022.40	48%	
MCUD	7,400.40	0.00	(7,400.40)	7,400.40	0.00	(7,400.40)	0.00	(7,400.40)		
Maintenance Mgmt - Stewardship O&M	0.00	3,000.00	3,000.00	0.00	18,000.00	18,000.00	36,000.00	36,000.00	0%	
Maintenance Management	0.00	12,500.00	12,500.00	0.00	75,000.00	75,000.00	150,000.00	150,000.00	0%	
Uniforms	0.00	250.00	250.00	513.82	1,500.00	986.18	3,000.00	2,486.18	17%	
Job Materials	0.00	1,666.67	1,666.67	0.00	10,000.02	10,000.02	20,000.04	20,000.04	0%	
Phone/Radio	0.00	500.00	500.00	2,844.78	3,000.00	155.22	6,000.00	3,155.22	47%	
Office Supplies	19.59	166.67	147.08	686.64	1,000.02	313.38	2,000.04	1,313.40	34%	
Fuel Only	1,150.56	1,666.67	516.11	6,031.53	10,000.02	3,968.49	20,000.04	13,968.51	30%	
Equipment	68,287.49	33,333.33	(34,954.16)	326,490.13	199,999.98	(126,490.15)	399,999.96	73,509.83	82%	
Tools/Machinery	0.00	416.67	416.67	10,096.88	2,500.02	(7,596.86)	5,000.04	(5,096.84)	202%	
Supplies	6,583.98	1,250.00	(5,333.98)	13,058.83	7,500.00	(5,558.83)	15,000.00	1,941.17	87%	
Miscellaneous Maintenance	42,540.00	16,666.67	(25,873.33)	149,134.60	100,000.02	(49,134.58)	200,000.04	50,865.44	75%	
Vehicle R&M	317.74	5,833.33	5,515.59	4,099.01	34,999.98	30,900.97	69,999.96	65,900.95	6%	
New Customer Meter Connections & Install	3,209.84	26,833.33	23,623.49	5,614.84	160,999.98	155,385.14	321,999.96	316,385.12	2%	
Customer Meter Replacement & Maintenance	2,340.00	8,333.33	5,993.33	5,698.34	49,999.98	44,301.64	99,999.96	94,301.62	6%	
Well Plugging	0.00	8,750.00	8,750.00	0.00	52,500.00	52,500.00	105,000.00	105,000.00	0%	
GIS Implementation & Maintenance	0.00	25,000.00	25,000.00	0.00	150,000.00	150,000.00	300,000.00	300,000.00	0%	
Insurance	0.00	1,290.00	1,290.00	0.00	7,740.00	7,740.00	15,480.00	15,480.00	0%	
Engineering	36,879.44	34,166.67	(2,712.77)	214,350.20	205,000.02	(9,350.18)	410,000.04	195,649.84	52%	
Legal Fees	0.00	2,500.00	2,500.00	1,484.50	15,000.00	13,515.50	30,000.00	28,515.50	5%	
Accounting	18,000.00	18,333.33	333.33	99,000.00	109,999.98	10,999.98	219,999.96	120,999.96	45%	
Annual Audit	0.00	833.33	833.33	0.00	4,999.98	4,999.98	9,999.96	9,999.96	0%	
Travel and Entertainment	0.00	0.00	0.00	137.81	0.00	(137.81)	0.00	(137.81)		
Dues, Licenses, Subscriptions	1,809.47	4,166.67	2,357.20	11,717.88	25,000.02	13,282.14	50,000.04	38,282.16	23%	
Payroll & Payroll Tax Expense	35,542.05	58,032.92	22,490.87	242,335.37	348,197.52	105,862.15	696,395.04	454,059.67	35%	
Cell Phone Expense	0.00	416.67	416.67	0.00	2,500.02	2,500.02	5,000.04	5,000.04	0%	
Healthcare Expense	2,269.98	0.00	(2,269.98)	14,762.91	0.00	(14,762.91)	0.00	(14,762.91)		
457B Match Expense	712.29	0.00	(712.29)	3,092.56	0.00	(3,092.56)	0.00	(3,092.56)		
Roth Match Expense	70.00	0.00	(70.00)	455.00	0.00	(455.00)	0.00	(455.00)		
Total General & Administrative Expenses	$642,528.14		$422,156.26		$(220,371.88)		$4,005,220.68		$2,532,937.56		$(1,472,283.12)		$5,065,875.12	$3,241,871.75		
Total Expenses		$642,528.14		$422,156.26	  $(220,371.88)	 $4,005,220.68	  $2,532,937.56	 $(1,472,283.12)				
Net Income (Loss)	$98,503.10		$107,587.07		$(9,083.97)		$284,091.75		$645,522.42		$(361,430.67)				

		Current Period			Year To Date		Adopted Budget	Budget	Percentage	
	Actual	Budget	Variance	Actual	Budget	Variance	FY25	Remaining	Used	

Revenues										
Assessments - East	$90,102.91	$196,502.42	$(106,399.51)	$2,301,105.38	$1,179,014.52	$1,122,090.86	$2,358,029.04	$56,923.66	98%	
Net Revenues	$90,102.91		$196,502.42		$(106,399.51)		$2,301,105.38		$1,179,014.52		$1,122,090.86		$2,358,029.04	$56,923.66		
General & Administrative Expenses										
University Pkwy Lorriane to Concession	$16,250.00	$12,132.00	$(4,118.00)	$82,665.00	$72,792.00	$(9,873.00)	$145,584.00	$62,919.00	57%	
The Masters Ave;Lorraine to Players	16,000.00	16,000.00	0.00	96,000.00	96,000.00	0.00	192,000.00	96,000.00	50%	
Lorraine Rd - East Side	9,131.67	10,000.00	868.33	54,790.02	60,000.00	5,209.98	120,000.00	65,209.98	46%	
Bournside Blvd. from Masters to SR70	8,580.94	4,416.67	(4,164.27)	25,742.82	26,500.02	757.20	53,000.04	27,257.22	49%	
Masters Ave fr. Players Dr to Bourneside	9,451.00	9,503.00	52.00	55,506.00	57,018.00	1,512.00	114,036.00	58,530.00	49%	
Bourneside Blvd from Masters	4,980.00	7,500.00	2,520.00	29,880.00	45,000.00	15,120.00	90,000.00	60,120.00	33%	
Irrigation Repairs	325.99	5,416.67	5,090.68	13,178.68	32,500.02	19,321.34	65,000.04	51,821.36	20%	
Plant replacement - 00E	0.00	8,750.00	8,750.00	34,790.00	52,500.00	17,710.00	105,000.00	70,210.00	33%	
Mulching - 00E	0.00	7,250.00	7,250.00	0.00	43,500.00	43,500.00	87,000.00	87,000.00	0%	
Tree Trimming - 00E	0.00	2,583.33	2,583.33	8,030.00	15,499.98	7,469.98	30,999.96	22,969.96	26%	
Other Landscape Maint., NC Contigency	960.00	5,000.00	4,040.00	28,415.50	30,000.00	1,584.50	60,000.00	31,584.50	47%	
Monthly Meter Charge	788.82	766.00	(22.82)	3,909.12	4,596.00	686.88	9,192.00	5,282.88	43%	
Utilization	27,075.71	26,666.67	(409.04)	124,510.83	160,000.02	35,489.19	320,000.04	195,489.21	39%	
Lake Maint. (Outside Communities)	1,150.00	2,500.00	1,350.00	5,750.00	15,000.00	9,250.00	30,000.00	24,250.00	19%	
Littoral Shelf Plantings - E	0.00	833.33	833.33	0.00	4,999.98	4,999.98	9,999.96	9,999.96	0%	
Conservation Areas Exotic Sps Removal	2,800.00	6,666.67	3,866.67	32,650.00	40,000.02	7,350.02	80,000.04	47,350.04	41%	
FPL - E	179.01	166.67	(12.34)	988.98	1,000.02	11.04	2,000.04	1,011.06	49%	
Roads and Sidewalks - E	0.00	166.67	166.67	0.00	1,000.02	1,000.02	2,000.04	2,000.04	0%	
Stormwater System & Drainage - E	270,005.25	2,083.33	(267,921.92)	277,435.25	12,499.98	(264,935.27)	24,999.96	(252,435.29)	1110%	
Storm Damage and Clean Up - E	0.00	2,083.33	2,083.33	84,213.00	12,499.98	(71,713.02)	24,999.96	(59,213.04)	337%	
Sanitary Sewer	0.00	416.67	416.67	0.00	2,500.02	2,500.02	5,000.04	5,000.04	0%	
Hardscapes	285.00	1,666.67	1,381.67	24,058.50	10,000.02	(14,058.48)	20,000.04	(4,058.46)	120%	
Signs	485.00	2,083.33	1,598.33	485.00	12,499.98	12,014.98	24,999.96	24,514.96	2%	
Miscellaneous Maintenance - E	0.00	416.67	416.67	0.00	2,500.02	2,500.02	5,000.04	5,000.04	0%	
Total General & Administrative Expenses	$368,448.39		$135,067.68		$(233,380.71)		$982,998.70		$810,406.08		$(172,592.62)		$1,620,812.16	$637,813.46		
Total Expenses		$368,448.39		$135,067.68	  $(233,380.71)		$982,998.70		$810,406.08	  $(172,592.62)				
Net Income (Loss)	$(278,345.48)		$61,434.74		$(339,780.22)		$1,318,106.68		$368,608.44		$949,498.24				

		Current Period			Year To Date		Adopted	Budget	Percentage	
	Actual	Budget	Variance	Actual	Budget	Variance	Budget FY25	Remaining	Used	

Revenues										
Assessments - Northeast	$131,688.87	$285,837.00	$(154,148.13)	$3,471,114.57	$1,715,022.00	$1,756,092.57	$3,430,044.00	$(41,070.57)	101%	
Net Revenues	$131,688.87		$285,837.00		$(154,148.13)		$3,471,114.57		$1,715,022.00		$1,756,092.57		$3,430,044.00	$(41,070.57)		
General & Administrative Expenses										
Post Blvd & SR70 Intersecti	$2,062.00	$2,062.00	$0.00	$12,372.00	$12,372.00	$0.00	$24,744.00	$12,372.00	50%	
59th Ave-Lorraine to Post B	500.00	500.00	0.00	3,000.00	3,000.00	0.00	6,000.00	3,000.00	50%	
NE, State Road 70 & Lorraine	0.00	485.83	485.83	0.00	2,914.98	2,914.98	5,829.96	5,829.96	0%	
Uihlein Road	11,900.00	12,083.33	183.33	71,400.00	72,499.98	1,099.98	144,999.96	73,599.96	49%	
Lakebank and Swale Mowi	0.00	666.67	666.67	0.00	4,000.02	4,000.02	8,000.04	8,000.04	0%	
Lorraine Corners	7,665.00	7,833.33	168.33	45,990.00	46,999.98	1,009.98	93,999.96	48,009.96	49%	
Academic/Lighterwood	3,860.00	3,750.00	(110.00)	23,160.00	22,500.00	(660.00)	45,000.00	21,840.00	51%	
44th Ave from Lorraine to B	13,461.00	11,666.67	(1,794.33)	80,766.00	70,000.02	(10,765.98)	140,000.04	59,234.04	58%	
Post Blvd. from 59th Ave to	2,216.08	3,333.33	1,117.25	13,296.48	19,999.98	6,703.50	39,999.96	26,703.48	33%	
Uihlein Rd.; 44th Ave. to SR64	0.00	5,909.17	5,909.17	0.00	35,455.02	35,455.02	70,910.04	70,910.04	0%	
Rangeland Pkwy.; Uihlein	4,125.00	10,000.00	5,875.00	24,750.00	60,000.00	35,250.00	120,000.00	95,250.00	21%	
Bourneside NE Sector	10,240.00	10,614.92	374.92	61,440.00	63,689.52	2,249.52	127,379.04	65,939.04	48%	
Rangeland Pkwy.; Lorraine	6,940.00	7,000.00	60.00	41,640.00	42,000.00	360.00	84,000.00	42,360.00	50%	
Irrigation Repairs - NE	2,274.90	4,025.00	1,750.10	58,638.91	24,150.00	(34,488.91)	48,300.00	(10,338.91)	121%	
Plant Replacement - NE	0.00	5,250.00	5,250.00	2,624.00	31,500.00	28,876.00	63,000.00	60,376.00	4%	
Mulching - NE	0.00	7,000.00	7,000.00	0.00	42,000.00	42,000.00	84,000.00	84,000.00	0%	
Tree Trimming - NE	0.00	4,200.00	4,200.00	24,570.00	25,200.00	630.00	50,400.00	25,830.00	49%	
Other Landscape Maintena - NE	9,685.00	6,916.67	(2,768.33)	13,683.25	41,500.02	27,816.77	83,000.04	69,316.79	16%	
Irrigation-Mthly. Meter Char - NE	788.82	766.00	(22.82)	3,909.12	4,596.00	686.88	9,192.00	5,282.88	43%	
Irrigation - Utilization - NE	11,214.04	16,666.67	5,452.63	51,569.05	100,000.02	48,430.97	200,000.04	148,430.99	26%	
Lake maint.- lakes outside com. - NE	7,145.52	2,916.67	(4,228.85)	38,597.60	17,500.02	(21,097.58)	35,000.04	(3,597.56)	110%	
Littoral Shelf Plantings - NE	0.00	833.33	833.33	0.00	4,999.98	4,999.98	9,999.96	9,999.96	0%	
Conservation areas - NE	0.00	6,250.00	6,250.00	3,825.00	37,500.00	33,675.00	75,000.00	71,175.00	5%	
Manatee County	0.00	8.33	8.33	0.00	49.98	49.98	99.96	99.96	0%	
Peace River Utilities - NE	477.02	2,083.33	1,606.31	2,373.13	12,499.98	10,126.85	24,999.96	22,626.83	9%	
Drainage Maintenance - NE	0.00	2,500.00	2,500.00	882.40	15,000.00	14,117.60	30,000.00	29,117.60	3%	
Storm Damage and Clean Up - NE	0.00	2,500.00	2,500.00	20,689.62	15,000.00	(5,689.62)	30,000.00	9,310.38	69%	
Sanitary Sewer - NE	200.00	416.67	216.67	1,250.00	2,500.02	1,250.02	5,000.04	3,750.04	25%	
Hardscapes - NE	953.13	833.33	(119.80)	2,253.13	4,999.98	2,746.85	9,999.96	7,746.83	23%	
Signs - NE	0.00	1,666.67	1,666.67	1,464.58	10,000.02	8,535.44	20,000.04	18,535.46	7%	
Miscellaneous Maintenance - NE	0.00	100.00	100.00	0.00	600.00	600.00	1,200.00	1,200.00	0%	
Total General & Administrative Expenses	$95,707.51		$140,837.92		$45,130.41		$604,144.27		$845,027.52		$240,883.25		$1,690,055.04	$1,085,910.77		
Total Expenses		$95,707.51		$140,837.92		$45,130.41	  $604,144.27		$845,027.52		$240,883.25				
Net Income (Loss)	$35,981.36		$144,999.08		$(109,017.72)		$2,866,970.30		$869,994.48		$1,996,975.82				

	
Actual	Current Period
Budget	
Variance	
Actual	Year To Date
Budget	
Variance	Adopted Budget FY25	Budget Remaining	Percentage Used	

Revenues										
Assessments - Northwest	$124,757.87	$274,488.58	$(149,730.71)	$3,184,274.01	$1,646,931.48	$1,537,342.53	$3,293,862.96	$109,588.95	97%	
Net Revenues	$124,757.87		$274,488.58		$(149,730.71)		$3,184,274.01		$1,646,931.48		$1,537,342.53		$3,293,862.96	$109,588.95		
General & Administrative Expenses										
Kent Lake & Lake Bank Ma	$16,460.00	$5,000.00	$(11,460.00)	$81,040.00	$30,000.00	$(51,040.00)	$60,000.00	$(21,040.00)	135%	
Lake Bank mowing	0.00	2,833.33	2,833.33	0.00	16,999.98	16,999.98	33,999.96	33,999.96	0%	
Rangeland-WhiteEagle to	8,139.00	0.00	(8,139.00)	16,278.00	0.00	(16,278.00)	0.00	(16,278.00)		
Silver Falls	9,512.50	166.67	(9,345.83)	28,537.50	1,000.02	(27,537.48)	2,000.04	(26,537.46)	1427%	
NW Sector East Landscape Contract	37,942.10	23,585.33	(14,356.77)	117,895.80	141,511.98	23,616.18	283,023.96	165,128.16	42%	
NW Sector West Landscape Contract	34,960.11	24,298.58	(10,661.53)	135,863.46	145,791.48	9,928.02	291,582.96	155,719.50	47%	
Crossland Trail	0.00	2,750.00	2,750.00	0.00	16,500.00	16,500.00	33,000.00	33,000.00	0%	
Newhaven Blvd.	6,066.14	1,666.67	(4,399.47)	18,198.42	10,000.02	(8,198.40)	20,000.04	1,801.62	91%	
Irrigation Repairs - NW	18,580.61	7,000.00	(11,580.61)	109,661.72	42,000.00	(67,661.72)	84,000.00	(25,661.72)	131%	
Plant Replacement - NW	0.00	7,000.00	7,000.00	7,206.96	42,000.00	34,793.04	84,000.00	76,793.04	9%	
Mulching - NW	0.00	8,750.00	8,750.00	300.00	52,500.00	52,200.00	105,000.00	104,700.00	0%	
Tree Trimming - NW	0.00	7,000.00	7,000.00	51,275.00	42,000.00	(9,275.00)	84,000.00	32,725.00	61%	
Other Landscape Maintena - NW	1,000.00	12,687.50	11,687.50	11,517.50	76,125.00	64,607.50	152,250.00	140,732.50	8%	
Irrigation-Mthly Meter Char - NW	788.82	766.00	(22.82)	3,909.12	4,596.00	686.88	9,192.00	5,282.88	43%	
Irrigation - Utilization - NW	24,687.93	25,833.33	1,145.40	113,530.35	154,999.98	41,469.63	309,999.96	196,469.61	37%	
Lake maint.-lakes outside com. - NW	4,848.38	2,916.67	(1,931.71)	29,516.90	17,500.02	(12,016.88)	35,000.04	5,483.14	84%	
Littoral Shelf Plantings	0.00	1,250.00	1,250.00	0.00	7,500.00	7,500.00	15,000.00	15,000.00	0%	
Conservation areas - NW	0.00	8,333.33	8,333.33	25,050.00	49,999.98	24,949.98	99,999.96	74,949.96	25%	
FPL - NW	53.22	75.00	21.78	292.13	450.00	157.87	900.00	607.87	32%	
Peace River Utilities - NW	397.69	2,000.00	1,602.31	2,193.10	12,000.00	9,806.90	24,000.00	21,806.90	9%	
Drainage Maintenance - NW	0.00	2,500.00	2,500.00	7,790.00	15,000.00	7,210.00	30,000.00	22,210.00	26%	
Storm Damage and Clean Up	0.00	2,500.00	2,500.00	33,340.60	15,000.00	(18,340.60)	30,000.00	(3,340.60)	111%	
Sanitary Sewer - NW	0.00	4,166.67	4,166.67	20,568.14	25,000.02	4,431.88	50,000.04	29,431.90	41%	
Hardscapes - NW	1,439.96	2,500.00	1,060.04	1,726.96	15,000.00	13,273.04	30,000.00	28,273.04	6%	
Signs - NW	0.00	1,666.67	1,666.67	29,494.87	10,000.02	(19,494.85)	20,000.04	(9,494.83)	147%	
Miscellaneous Maintenance - NW	0.00	416.67	416.67	0.00	2,500.02	2,500.02	5,000.04	5,000.04	0%	
Total General & Administrative Expenses	$164,876.46		$157,662.42		$(7,214.04)		$845,186.53		$945,974.52		$100,787.99		$1,891,949.04	$1,046,762.51		
Total Expenses		$164,876.46		$157,662.42		$(7,214.04)	  $845,186.53		$945,974.52		$100,787.99				
Net Income (Loss)	$(40,118.59)		$116,826.16		$(156,944.75)		$2,339,087.48		$700,956.96		$1,638,130.52				

		Current Period			Year To Date		Adopted	Budget	Percentage	
	Actual	Budget	Variance	Actual	Budget	Variance	Budget FY25	Remaining	Used	

Revenues										
Assessments - Sarasota	$17,969.03	$180,567.58	$(162,598.55)	$2,074,367.02	$1,083,405.48	$990,961.54	$2,166,810.96	$92,443.94	96%	
Net Revenues	$17,969.03		$180,567.58		$(162,598.55)		$2,074,367.02		$1,083,405.48		$990,961.54		$2,166,810.96	$92,443.94		
General & Administrative Expenses										
Deer Drive	$11,279.41	$11,279.00	$(0.41)	$67,676.46	$67,674.00	$(2.46)	$135,348.00	$67,671.54	50%	
Lorraine Road; University P	0.00	14,042.00	14,042.00	0.00	84,252.00	84,252.00	168,504.00	168,504.00	0%	
LWR Blvd; Comm Blvd to D	9,877.00	9,877.00	0.00	59,262.00	59,262.00	0.00	118,524.00	59,262.00	50%	
Lorraine Rd;South Boundar	6,586.22	6,586.00	(0.22)	39,517.32	39,516.00	(1.32)	79,032.00	39,514.68	50%	
Blythe Ave. CAnnon St. and Lucent Pl.	2,500.00	2,250.00	(250.00)	14,506.00	13,500.00	(1,006.00)	27,000.00	12,494.00	54%	
Blue Lake Road	10,735.00	12,500.00	1,765.00	33,210.00	75,000.00	41,790.00	150,000.00	116,790.00	22%	
Pine Warbler Place	690.00	1,000.00	310.00	4,019.50	6,000.00	1,980.50	12,000.00	7,980.50	33%	
Irrigation Repairs - SRQ	23,869.67	4,033.33	(19,836.34)	35,092.32	24,199.98	(10,892.34)	48,399.96	13,307.64	73%	
Plant Replacement - SRQ	0.00	8,066.67	8,066.67	8,667.50	48,400.02	39,732.52	96,800.04	88,132.54	9%	
Mulching - SRQ	0.00	6,050.00	6,050.00	5,130.00	36,300.00	31,170.00	72,600.00	67,470.00	7%	
Tree Trimming - SRQ	0.00	4,033.33	4,033.33	12,670.00	24,199.98	11,529.98	48,399.96	35,729.96	26%	
Other Landscape Maintena - SRQ	1,002.10	8,066.67	7,064.57	14,608.80	48,400.02	33,791.22	96,800.04	82,191.24	15%	
Irrigation-Mthly Meter Char - SRQ	788.82	766.00	(22.82)	3,909.12	4,596.00	686.88	9,192.00	5,282.88	43%	
Irrigation - Utilization - SRQ	8,485.14	18,333.33	9,848.19	39,019.93	109,999.98	70,980.05	219,999.96	180,980.03	18%	
Lake maint.-lakes outside com. - SRQ	1,375.00	4,166.67	2,791.67	6,625.00	25,000.02	18,375.02	50,000.04	43,375.04	13%	
Littoral Shelf Plantings - SRQ	0.00	500.00	500.00	0.00	3,000.00	3,000.00	6,000.00	6,000.00	0%	
Conservation areas - SRQ	0.00	6,666.67	6,666.67	5,100.00	40,000.02	34,900.02	80,000.04	74,900.04	6%	
FPL - SRQ	2,897.97	2,916.67	18.70	17,800.77	17,500.02	(300.75)	35,000.04	17,199.27	51%	
Stormwater System & Drainage - SRQ	33,800.00	2,500.00	(31,300.00)	74,966.20	15,000.00	(59,966.20)	30,000.00	(44,966.20)	250%	
Storm Damage and Clean Up - SRQ	62,366.75	2,500.00	(59,866.75)	330,967.55	15,000.00	(315,967.55)	30,000.00	(300,967.55)	1103%	
Sanitary Sewer - SRQ	0.00	166.67	166.67	0.00	1,000.02	1,000.02	2,000.04	2,000.04	0%	
Water Taxi - Operation, Maint & Ins.	643.47	4,166.67	3,523.20	18,988.33	25,000.02	6,011.69	50,000.04	31,011.71	38%	
Hardscapes - SRQ	19,390.33	2,083.33	(17,307.00)	35,541.78	12,499.98	(23,041.80)	24,999.96	(10,541.82)	142%	
Signs - SRQ	0.00	1,666.67	1,666.67	13,274.00	10,000.02	(3,273.98)	20,000.04	6,726.04	66%	
Miscellaneous Maintenance - SRQ	0.00	166.67	166.67	0.00	1,000.02	1,000.02	2,000.04	2,000.04	0%	
Total General & Administrative Expenses	$196,286.88		$134,383.35		$(61,903.53)		$840,552.58		$806,300.10		$(34,252.48)		$1,612,600.20	$772,047.62		
Total Expenses		$196,286.88		$134,383.35		$(61,903.53)	  $840,552.58		$806,300.10		$(34,252.48)				
Net Income (Loss)	$(178,317.85)		$46,184.23		$(224,502.08)		$1,233,814.44		$277,105.38		$956,709.06				

		Current Period			Year To Date		Adopted	Budget	Percentage	
	Actual	Budget	Variance	Actual	Budget	Variance	Budget FY25	Remaining	Used	

General & Administrative Expenses										
Rangeland - East of Bournesdie	$0.00	$8,333.33	$8,333.33	$0.00	$49,999.98	$49,999.98	$100,000	$100,000	0%	
44th Ave. East - East of Bourneside	0.00	8,333.33	8,333.33	0.00	49,999.98	49,999.98	$100,000	$100,000	0%	
Irrigation Repairs	24,336.84	2,500.00	(21,836.84)	24,336.84	15,000.00	(9,336.84)	$30,000	$5,663	81%	
Plant Replacement	0.00	833.33	833.33	0.00	4,999.98	4,999.98	$10,000	$10,000	0%	
Tree Trimming	0.00	833.33	833.33	0.00	4,999.98	4,999.98	$10,000	$10,000	0%	
Other Landscape Maintenace	0.00	1,666.67	1,666.67	0.00	10,000.02	10,000.02	$20,000	$20,000	0%	
Monthly Meter Change	0.00	791.67	791.67	0.00	4,750.02	4,750.02	$9,500	$9,500	0%	
Utilization	0.00	8,333.33	8,333.33	0.00	49,999.98	49,999.98	$100,000	$100,000	0%	
Conservation/Preserve Areas Exotic Sp.	0.00	833.33	833.33	0.00	4,999.98	4,999.98	$10,000	$10,000	0%	
Peace River	0.00	833.33	833.33	0.00	4,999.98	4,999.98	$10,000	$10,000	0%	
Stormwater System & Drainage	0.00	833.33	833.33	0.00	4,999.98	4,999.98	$10,000	$10,000	0%	
Storm Damage and Clean Up	0.00	833.33	833.33	0.00	4,999.98	4,999.98	$10,000	$10,000	0%	
Signs	0.00	833.33	833.33	1,223.36	4,999.98	3,776.62	$10,000	$8,777	12%	
Total General & Administrative Expenses	$24,336.84		$35,791.64		$11,454.80		$25,560.20		$214,749.84		$189,189.64		$429,499.68	$403,939.48		
Total Expenses		$24,336.84		$35,791.64		$11,454.80	  $25,560.20		$214,749.84		$189,189.64				
Net Income (Loss)	$(24,336.84)		$(35,791.64)		$11,454.80		$(25,560.20)		$(214,749.84)		$189,189.64