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

April 30, 2025
PFM Group Consulting LLC
3501 Quadrangle Blvd.
Suite 270
Orlando, FL 32817
407-723-5900

Lakewood Ranch Stewardship District
Summary Income Statement

Administrative	BRU	East Sector	Northeast	Northwest	SRQ	Taylor
Current Period	Year to Date	Current Period	Year to Date	Current Period	Year to Date	Current Period	Year to Date	Current Period	Year to Date	Current Period	Year to Date	Current Period	Year to Date

Revenues	$	2,882.82 $	302,898.27

$ 1,019,615.37

$ 5,308,927.80  $

49,397.41

$ 2,350,502.79

$ 142,532.34

$ 3,613,646.91

$ 68,396.41

$ 3,252,670.42  $

26,829.61

$ 2,101,196.63  $

-	$	-

Expenses	$ 218,760.88 $ 2,698,733.70 $

759,960.24

$ 4,765,180.92

$ 410,623.57

$ 1,393,622.27

$ 94,653.43  $

698,797.70

$ 109,341.57  $

954,528.10

$ 656,885.12

$ 1,497,437.70  $

21.67

$ 25,581.87

Income (Loss) $ (215,878.06) $ (2,395,835.43) $  259,655.13 $  543,746.88 $ (361,226.16) $  956,880.52 $ 47,878.91  $ 2,914,849.21 $ (40,945.16) $ 2,298,142.32 $ (630,055.51) $  603,758.93 $	(21.67) $ (25,581.87)

1

Lakewood Ranch Stewardship District
Statement of Financial Position As of 4/30/2025

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

	Assets			
Current Assets
Northern Trust-Operating Account	
$2,481,955.18		
$7,712,199.09	
($5,230,243.91)		
Northern Trust-Money Market	4,002,120.55		0.00	4,002,120.55		
Reserve Account	1,049,004.84		1,049,000.39	4.45		
Prepaid Expense	19,631.06		17,861.78	1,769.28		
BRU Operating Account						$557,442.50		$547,916.21		$9,526.29	
BRU Revenue Account						47,452.66		988,717.90		(941,265.24)	
Accounts Receivable						1,297,385.86		130,850.29		1,166,535.57	
Due from General Fund			
			82.08		0.00		82.08	
Total Current Assets	$7,552,711.63		$8,779,061.26	($1,226,349.63)		$1,902,363.10		$1,667,484.40		$234,878.70	
Total Assets	$7,552,711.63		
$8,779,061.26	($1,226,349.63)		$1,902,363.10		$1,667,484.40		$234,878.70	

Liabilities and Net Assets

Current Liabilities
Accounts Payable	$1,128,902.21		$1,154,362.07		($25,459.86)		
Payroll Tax Liability	75.74		804.39		(728.65)		
Reserve Liability	1,049,004.84		1,049,000.39		4.45		
Due to BRU Fund	82.08		0.00		82.08		
Accounts Payable							$2,098.54		$26,874.97		($24,776.43)	
Total Current Liabilities	$2,178,064.87		$2,204,166.85		($26,101.98)		$2,098.54		$26,874.97		($24,776.43)	
Total Liabilities	$2,178,064.87		$2,204,166.85		($26,101.98)		$2,098.54		$26,874.97		($24,776.43)	

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	4,352,213.68		5,552,461.33		(1,200,247.65)		543,746.88		284,091.75		259,655.13	
Total Net Assets	$5,374,646.76		$6,574,894.41		($1,200,247.65)		$1,900,264.56		$1,640,609.43		$259,655.13	
												
Total Liabilities and Net Assets	$7,552,711.63		$8,779,061.26		($1,226,349.63)		$1,902,363.10		$1,667,484.40		$234,878.70	

Lakewood Ranch Stewardship District
Income Statement
For the period of 4/1/2025 Through 4/30/2025
Fund: (001) General Fund Sector: (000) Administrative

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

Revenues
Developer Contributions	$0.00		$76,517.08		$(76,517.08)		$220,302.15		$535,619.56		$(315,317.41)		$918,204.96	$697,902.81	24%	
Other Revenue	4.45		83.33		(78.88)		73,204.13		583.31		72,620.82		999.96	(72,204.17)	7321%	
Park Revenue	757.82		0.00		757.82		7,271.44		0.00		7,271.44		0.00	(7,271.44)	0%	
Net Revenues	$762.27		$76,600.41		$(75,838.14)		$300,777.72		$536,202.87		$(235,425.15)		$919,204.92	$618,427.20		
General & Administrative Expenses

Maintenance Management	$15,000.00		$15,000.00		$0.00		$105,000.00		$105,000.00		$0.00		$180,000.00	$75,000.00	58%	
Uniforms	1,149.00		333.33		(815.67)		1,985.73		2,333.31		347.58		3,999.96	2,014.23	50%	
Job Materials	294.15		666.67		372.52		1,764.90		4,666.69		2,901.79		8,000.04	6,235.14	22%	
Phone/Radio	446.35		583.33		136.98		2,964.91		4,083.31		1,118.40		6,999.96	4,035.05	42%	
Office Supplies	0.00		250.00		250.00		0.00		1,750.00		1,750.00		3,000.00	3,000.00	0%	
Fuel Only	1,657.79		1,550.00		(107.79)		8,549.13		10,850.00		2,300.87		18,600.00	10,050.87	46%	
Equipment	497.11		416.67		(80.44)		88,158.62		2,916.69		(85,241.93)		5,000.04	(83,158.58)	1763%	
Tools/Machinery	0.00		4,166.67		4,166.67		0.00		29,166.69		29,166.69		50,000.04	50,000.04	0%	
Supplies	5,398.28		3,333.33		(2,064.95)		79,511.70		23,333.31		(56,178.39)		39,999.96	(39,511.74)	199%	
Miscellaneous Maintenance	174.33		2,500.00		2,325.67		46,201.91		17,500.00		(28,701.91)		30,000.00	(16,201.91)	154%	
Maintenance Yard	0.00		250.00		250.00		0.00		1,750.00		1,750.00		3,000.00	3,000.00	0%	
Vehicle R&M	1,406.18		333.33		(1,072.85)		13,690.11		2,333.31		(11,356.80)		3,999.96	(9,690.15)	342%	
Vehicle	0.00		4,166.67		4,166.67		41.80		29,166.69		29,124.89		50,000.04	49,958.24	0%	
Community Services P&A Admin Fee	0.00		28,392.08		28,392.08		0.00		198,744.56		198,744.56		340,704.96	340,704.96	0%	
Waste Management	0.00		250.00		250.00		0.00		1,750.00		1,750.00		3,000.00	3,000.00	0%	
Robert N Gardner Park at L	17,542.91		29,166.67		11,623.76		262,215.80		204,166.69		(58,049.11)		350,000.04	87,784.24	75%	
James L patton Park at Ke	4,221.48		11,666.67		7,445.19		39,322.37		81,666.69		42,344.32		140,000.04	100,677.67	28%	
Roger A Hill Park at White	3,441.02		4,166.67		725.65		25,090.12		29,166.69		4,076.57		50,000.04	24,909.92	50%	
Silver Falls Park	959.75		2,291.67		1,331.92		13,407.00		16,041.69		2,634.69		27,500.04	14,093.04	49%	
Waterside Park	13,730.73		16,228.00		2,497.27		204,963.59		113,596.00		(91,367.59)		194,736.00	(10,227.59)	105%	
Town Hall North	1,642.80		8,166.67		6,523.87		28,759.30		57,166.69		28,407.39		98,000.04	69,240.74	29%	
117th Park Project	500.00		416.67		(83.33)		600.00		2,916.69		2,316.69		5,000.04	4,400.04	12%	
University LWR Entrance	7,230.64		12,500.00		5,269.36		29,746.01		87,500.00		57,753.99		150,000.00	120,253.99	20%	
Trails (Harmony & Curlew)	1,365.00		4,166.67		2,801.67		19,010.00		29,166.69		10,156.69		50,000.04	30,990.04	38%	
Tunnel Park	0.00		2,083.33		2,083.33		0.00		14,583.31		14,583.31		24,999.96	24,999.96	0%	
CDD Allocation-Univ. Pkwy & Lorraine Row	0.00		2,083.33		2,083.33		22,308.00		14,583.31		(7,724.69)		24,999.96	2,691.96	89%	
GIS Implementation & Maintenance	0.00		29,166.67		29,166.67		0.00		204,166.69		204,166.69		350,000.04	350,000.04	0%	
Insurance	0.00		7,083.33		7,083.33		158,700.00		49,583.31		(109,116.69)		84,999.96	(73,700.04)	187%	
Supervisor Fees	600.00		1,000.00		400.00		3,800.00		7,000.00		3,200.00		12,000.00	8,200.00	32%	
Meeting Advertising	2,021.24		921.67		(1,099.57)		7,584.24		6,451.69		(1,132.55)		11,060.04	3,475.80	69%	
Engineering	22,664.08		11,666.67		(10,997.41)		169,356.60		81,666.69		(87,689.91)		140,000.04	(29,356.56)	121%	
Bond Agent Fees	0.00		1,916.67		1,916.67		12,540.00		13,416.69		876.69		23,000.04	10,460.04	55%	
Arbitrage Report	0.00		416.67		416.67		0.00		2,916.69		2,916.69		5,000.04	5,000.04	0%	
Legal Fees	10,091.45		10,416.67		325.22		28,347.60		72,916.69		44,569.09		125,000.04	96,652.44	23%	
Accounting	9,133.33		9,166.67		33.34		58,933.33		64,166.69		5,233.36		110,000.04	51,066.71	54%	
Lien Book and Tax Roll	0.00		33,291.67		33,291.67		275,000.00		233,041.69		(41,958.31)		399,500.04	124,500.04	69%	
Annual Audit	0.00		2,500.00		2,500.00		30,500.00		17,500.00		(13,000.00)		30,000.00	(500.00)	102%	
Trustee	2,476.97		13,000.00		10,523.03		140,125.39		91,000.00		(49,125.39)		156,000.00	15,874.61	90%	
Manager	7,500.00		19,833.33		12,333.33		52,500.00		138,833.31		86,333.31		237,999.96	185,499.96	22%	
Postage	104.16		125.00		20.84		390.05		875.00		484.95		1,500.00	1,109.95	26%	
Office Supplies	0.00		125.00		125.00		0.00		875.00		875.00		1,500.00	1,500.00	0%	
Other Current Charges	0.00		317.50		317.50		1,998.70		2,222.50		223.80		3,810.00	1,811.30	52%	
Dues, Licenses, Subscriptions	2,349.38		5,000.00		2,650.62		34,748.61		35,000.00		251.39		60,000.00	25,251.39	58%	
Payroll & Payroll Tax Expense	75,470.35		97,087.00		21,616.65		572,824.26		679,609.00		106,784.74		1,165,044.00	592,219.74	49%	
Cell Phone Expense	55.40		83.33		27.93		277.00		583.31		306.31		999.96	722.96	28%	
Healthcare Expense	6,415.38		0.00		(6,415.38)		46,652.78		0.00		(46,652.78)		0.00	(46,652.78)		
457B Match Expense	1,116.87		0.00		(1,116.87)		4,902.92		0.00		(4,902.92)		0.00	(4,902.92)		
Defined Employee Contribution Plan	0.00		3,166.67		3,166.67		1,000.00		22,166.69		21,166.69		38,000.04	37,000.04	3%	
Roth Match Expense	600.30		0.00		(600.30)		3,062.65		0.00		(3,062.65)		0.00	(3,062.65)		
Re-amortization Schedule Fees	1,500.00		0.00		(1,500.00)		1,500.00		0.00		(1,500.00)		0.00	(1,500.00)		
Disclosure	0.00		0.00		0.00		72,500.00		0.00		(72,500.00)		0.00	(72,500.00)		
Reserves	4.45		8,840.17		8,835.72		28,198.57		61,881.19		33,682.62		106,082.04	77,883.47	27%	
Total General & Administrative Expenses	$218,760.88		$410,253.12		$191,492.24		$2,698,733.70		$2,871,771.84		$173,038.14		$4,923,037.44	$2,224,303.74		
Total Expenses		$218,760.88			$410,253.12			$191,492.24		  $2,698,733.70		  $2,871,771.84			$173,038.14					
Income (Loss) from Operations	$(217,998.61)		$(333,652.71)		$115,654.10		$(2,397,955.98)		$(2,335,568.97)		$(62,387.01)					

Other Income (Expense)
Interest Income	$2,120.55		$0.00		$2,120.55		$2,120.55		$0.00		$2,120.55	
Total Other Income (Expense)	$2,120.55		$0.00		$2,120.55		$2,120.55		$0.00		$2,120.55	
Net Income (Loss)	$(215,878.06)		$(333,652.71)		$117,774.65		$(2,395,835.43)		$(2,335,568.97)		$(60,266.46)	

Fund: (400) BRU Fund

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

Revenues										
Other Revenue	$12,000.00	$0.00	$12,000.00	$12,000.00	$0.00	$12,000.00	$0.00	$(12,000.00)	0%	
Revenue	1,007,615.37	529,743.33	477,872.04	5,296,927.80	3,708,203.31	1,588,724.49	6,356,919.96	1,059,992.16	83%	
Net Revenues	$1,019,615.37		$529,743.33		$489,872.04		$5,308,927.80		$3,708,203.31		$1,600,724.49		$6,356,919.96	$1,047,992.16		
General & Administrative Expenses										
Transfer to Interest & RR Funds	$500,511.18	$0.00	$(500,511.18)	$2,585,575.24	$0.00	$(2,585,575.24)	$0.00	$(2,585,575.24)		
Transfer to General Fund	0.00	0.00	0.00	96,153.25	0.00	(96,153.25)	0.00	(96,153.25)		
FPL	19,442.52	41,666.67	22,224.15	205,692.58	291,666.69	85,974.11	500,000.04	294,307.46	41%	
Peace River Utilities	29,196.31	33,333.33	4,137.02	150,839.12	233,333.31	82,494.19	399,999.96	249,160.84	38%	
City of Sarasota Utilities	45,232.43	42,250.00	(2,982.43)	217,359.30	295,750.00	78,390.70	507,000.00	289,640.70	43%	
City of Bradenton Utilities	2,295.20	39,000.00	36,704.80	227,272.80	273,000.00	45,727.20	468,000.00	240,727.20	49%	
MCUD	4,032.00	0.00	(4,032.00)	11,432.40	0.00	(11,432.40)	0.00	(11,432.40)		
Maintenance Mgmt - Stewardship O&M	0.00	3,000.00	3,000.00	0.00	21,000.00	21,000.00	36,000.00	36,000.00	0%	
Maintenance Management	0.00	12,500.00	12,500.00	0.00	87,500.00	87,500.00	150,000.00	150,000.00	0%	
Uniforms	0.00	250.00	250.00	513.82	1,750.00	1,236.18	3,000.00	2,486.18	17%	
Job Materials	0.00	1,666.67	1,666.67	0.00	11,666.69	11,666.69	20,000.04	20,000.04	0%	
Phone/Radio	474.04	500.00	25.96	3,318.82	3,500.00	181.18	6,000.00	2,681.18	55%	
Office Supplies	15.98	166.67	150.69	702.62	1,166.69	464.07	2,000.04	1,297.42	35%	
Fuel Only	1,278.32	1,666.67	388.35	7,309.85	11,666.69	4,356.84	20,000.04	12,690.19	37%	
Equipment	46,101.75	33,333.33	(12,768.42)	372,591.88	233,333.31	(139,258.57)	399,999.96	27,408.08	93%	
Tools/Machinery	0.00	416.67	416.67	10,096.88	2,916.69	(7,180.19)	5,000.04	(5,096.84)	202%	
Supplies	2,206.08	1,250.00	(956.08)	15,264.91	8,750.00	(6,514.91)	15,000.00	(264.91)	102%	
Miscellaneous Maintenance	27,033.50	16,666.67	(10,366.83)	176,168.10	116,666.69	(59,501.41)	200,000.04	23,831.94	88%	
Vehicle R&M	3,618.18	5,833.33	2,215.15	7,717.19	40,833.31	33,116.12	69,999.96	62,282.77	11%	
New Customer Meter Connections & Install	805.92	26,833.33	26,027.41	6,420.76	187,833.31	181,412.55	321,999.96	315,579.20	2%	
Customer Meter Replacement & Maintenance	0.00	8,333.33	8,333.33	5,698.34	58,333.31	52,634.97	99,999.96	94,301.62	6%	
Well Plugging	0.00	8,750.00	8,750.00	0.00	61,250.00	61,250.00	105,000.00	105,000.00	0%	
GIS Implementation & Maintenance	0.00	25,000.00	25,000.00	0.00	175,000.00	175,000.00	300,000.00	300,000.00	0%	
Insurance	0.00	1,290.00	1,290.00	0.00	9,030.00	9,030.00	15,480.00	15,480.00	0%	
Engineering	19,071.30	34,166.67	15,095.37	233,421.50	239,166.69	5,745.19	410,000.04	176,578.54	57%	
Legal Fees	290.50	2,500.00	2,209.50	1,775.00	17,500.00	15,725.00	30,000.00	28,225.00	6%	
Accounting	16,500.00	18,333.33	1,833.33	115,500.00	128,333.31	12,833.31	219,999.96	104,499.96	53%	
Annual Audit	0.00	833.33	833.33	0.00	5,833.31	5,833.31	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	1,049.27	4,166.67	3,117.40	12,767.15	29,166.69	16,399.54	50,000.04	37,232.89	26%	
Payroll & Payroll Tax Expense	37,741.47	58,032.92	20,291.45	280,076.84	406,230.44	126,153.60	696,395.04	416,318.20	40%	
Cell Phone Expense	0.00	416.67	416.67	0.00	2,916.69	2,916.69	5,000.04	5,000.04	0%	
Healthcare Expense	2,269.98	0.00	(2,269.98)	17,032.89	0.00	(17,032.89)	0.00	(17,032.89)		
457B Match Expense	724.31	0.00	(724.31)	3,816.87	0.00	(3,816.87)	0.00	(3,816.87)		
Roth Match Expense	70.00	0.00	(70.00)	525.00	0.00	(525.00)	0.00	(525.00)		
Total General & Administrative Expenses	$759,960.24		$422,156.26		$(337,803.98)		$4,765,180.92		$2,955,093.82		$(1,810,087.10)		$5,065,875.12	$300,694.20		
Total Expenses		$759,960.24		$422,156.26	  $(337,803.98)	  $4,765,180.92	  $2,955,093.82	 $(1,810,087.10)				
Net Income (Loss)	$259,655.13		$107,587.07		$152,068.06		$543,746.88		$753,109.49		$(209,362.61)				

Sector: (00E) East Sector

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

Revenues										
Assessments - East	$49,397.41	$196,502.42	$(147,105.01)	$2,350,502.79	$1,375,516.94	$974,985.85	$2,358,029.04	$7,526.25	100%	
Net Revenues	$49,397.41		$196,502.42		$(147,105.01)		$2,350,502.79		$1,375,516.94		$974,985.85		$2,358,029.04	$7,526.25		
General & Administrative Expenses										
University Pkwy Lorriane to Concession	$16,250.00	$12,132.00	$(4,118.00)	$98,915.00	$84,924.00	$(13,991.00)	$145,584.00	$46,669.00	68%	
The Masters Ave;Lorraine to Players	16,000.00	16,000.00	0.00	112,000.00	112,000.00	0.00	192,000.00	80,000.00	58%	
Lorraine Rd - East Side	9,131.67	10,000.00	868.33	63,921.69	70,000.00	6,078.31	120,000.00	56,078.31	53%	
Bournside Blvd. from Masters to SR70	4,290.47	4,416.67	126.20	30,033.29	30,916.69	883.40	53,000.04	22,966.75	57%	
Masters Ave fr. Players Dr to Bourneside	9,251.00	9,503.00	252.00	64,757.00	66,521.00	1,764.00	114,036.00	49,279.00	57%	
Bourneside Blvd from Masters	4,980.00	7,500.00	2,520.00	34,860.00	52,500.00	17,640.00	90,000.00	55,140.00	39%	
Irrigation Repairs	1,632.47	5,416.67	3,784.20	14,811.15	37,916.69	23,105.54	65,000.04	50,188.89	23%	
Plant replacement - 00E	0.00	8,750.00	8,750.00	34,790.00	61,250.00	26,460.00	105,000.00	70,210.00	33%	
Mulching - 00E	0.00	7,250.00	7,250.00	0.00	50,750.00	50,750.00	87,000.00	87,000.00	0%	
Tree Trimming - 00E	8,030.00	2,583.33	(5,446.67)	16,060.00	18,083.31	2,023.31	30,999.96	14,939.96	52%	
Other Landscape Maint., NC Contigency	4,160.00	5,000.00	840.00	32,575.50	35,000.00	2,424.50	60,000.00	27,424.50	54%	
Monthly Meter Charge	788.82	766.00	(22.82)	4,697.94	5,362.00	664.06	9,192.00	4,494.06	51%	
Utilization	26,472.91	26,666.67	193.76	150,983.74	186,666.69	35,682.95	320,000.04	169,016.30	47%	
Lake Maint. (Outside Communities)	1,150.00	2,500.00	1,350.00	6,900.00	17,500.00	10,600.00	30,000.00	23,100.00	23%	
Littoral Shelf Plantings - E	0.00	833.33	833.33	0.00	5,833.31	5,833.31	9,999.96	9,999.96	0%	
Conservation Areas Exotic Sps Removal	0.00	6,666.67	6,666.67	32,650.00	46,666.69	14,016.69	80,000.04	47,350.04	41%	
FPL - E	172.13	166.67	(5.46)	1,161.11	1,166.69	5.58	2,000.04	838.93	58%	
Roads and Sidewalks - E	0.00	166.67	166.67	0.00	1,166.69	1,166.69	2,000.04	2,000.04	0%	
Stormwater System & Drainage - E	307,774.10	2,083.33	(305,690.77)	585,209.35	14,583.31	(570,626.04)	24,999.96	(560,209.39)	2341%	
Storm Damage and Clean Up - E	0.00	2,083.33	2,083.33	84,213.00	14,583.31	(69,629.69)	24,999.96	(59,213.04)	337%	
Sanitary Sewer	0.00	416.67	416.67	0.00	2,916.69	2,916.69	5,000.04	5,000.04	0%	
Hardscapes	0.00	1,666.67	1,666.67	24,058.50	11,666.69	(12,391.81)	20,000.04	(4,058.46)	120%	
Signs	540.00	2,083.33	1,543.33	1,025.00	14,583.31	13,558.31	24,999.96	23,974.96	4%	
Miscellaneous Maintenance - E	0.00	416.67	416.67	0.00	2,916.69	2,916.69	5,000.04	5,000.04	0%	
Total General & Administrative Expenses	$410,623.57		$135,067.68		$(275,555.89)		$1,393,622.27		$945,473.76		$(448,148.51)		$1,620,812.16	$227,189.89		
Total Expenses		$410,623.57		$135,067.68	  $(275,555.89)	  $1,393,622.27		$945,473.76	  $(448,148.51)				
Net Income (Loss)	$(361,226.16)		$61,434.74		$(422,660.90)		$956,880.52		$430,043.18		$526,837.34				

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

Revenues										
Assessments - Northeast	$142,532.34	$285,837.00	$(143,304.66)	$3,613,646.91	$2,000,859.00	$1,612,787.91	$3,430,044.00	$(183,602.91)	105%	
Net Revenues	$142,532.34		$285,837.00		$(143,304.66)		$3,613,646.91		$2,000,859.00		$1,612,787.91		$3,430,044.00	$(183,602.91)		
General & Administrative Expenses										
Post Blvd & SR70 Intersecti	$2,062.00	$2,062.00	$0.00	$14,434.00	$14,434.00	$0.00	$24,744.00	$10,310.00	58%	
59th Ave-Lorraine to Post B	500.00	500.00	0.00	3,500.00	3,500.00	0.00	6,000.00	2,500.00	58%	
NE, State Road 70 & Lorraine	0.00	485.83	485.83	0.00	3,400.81	3,400.81	5,829.96	5,829.96	0%	
Uihlein Road	11,900.00	12,083.33	183.33	83,300.00	84,583.31	1,283.31	144,999.96	61,699.96	57%	
Lakebank and Swale Mowi	0.00	666.67	666.67	0.00	4,666.69	4,666.69	8,000.04	8,000.04	0%	
Lorraine Corners	7,665.00	7,833.33	168.33	53,655.00	54,833.31	1,178.31	93,999.96	40,344.96	57%	
Academic/Lighterwood	3,860.00	3,750.00	(110.00)	27,020.00	26,250.00	(770.00)	45,000.00	17,980.00	60%	
44th Ave from Lorraine to B	13,461.00	11,666.67	(1,794.33)	94,227.00	81,666.69	(12,560.31)	140,000.04	45,773.04	67%	
Post Blvd. from 59th Ave to	2,216.08	3,333.33	1,117.25	15,512.56	23,333.31	7,820.75	39,999.96	24,487.40	39%	
Uihlein Rd.; 44th Ave. to SR64	0.00	5,909.17	5,909.17	0.00	41,364.19	41,364.19	70,910.04	70,910.04	0%	
Rangeland Pkwy.; Uihlein	4,125.00	10,000.00	5,875.00	28,875.00	70,000.00	41,125.00	120,000.00	91,125.00	24%	
Bourneside NE Sector	10,240.00	10,614.92	374.92	71,680.00	74,304.44	2,624.44	127,379.04	55,699.04	56%	
Rangeland Pkwy.; Lorraine	6,940.00	7,000.00	60.00	48,580.00	49,000.00	420.00	84,000.00	35,420.00	58%	
Irrigation Repairs - NE	9,078.58	4,025.00	(5,053.58)	67,717.49	28,175.00	(39,542.49)	48,300.00	(19,417.49)	140%	
Plant Replacement - NE	0.00	5,250.00	5,250.00	2,624.00	36,750.00	34,126.00	63,000.00	60,376.00	4%	
Mulching - NE	0.00	7,000.00	7,000.00	0.00	49,000.00	49,000.00	84,000.00	84,000.00	0%	
Tree Trimming - NE	0.00	4,200.00	4,200.00	24,570.00	29,400.00	4,830.00	50,400.00	25,830.00	49%	
Other Landscape Maintena - NE	285.00	6,916.67	6,631.67	13,968.25	48,416.69	34,448.44	83,000.04	69,031.79	17%	
Irrigation-Mthly. Meter Char - NE	788.82	766.00	(22.82)	4,697.94	5,362.00	664.06	9,192.00	4,494.06	51%	
Irrigation - Utilization - NE	10,964.37	16,666.67	5,702.30	62,533.42	116,666.69	54,133.27	200,000.04	137,466.62	31%	
Lake maint.- lakes outside com. - NE	7,620.52	2,916.67	(4,703.85)	46,218.12	20,416.69	(25,801.43)	35,000.04	(11,218.08)	132%	
Littoral Shelf Plantings - NE	0.00	833.33	833.33	0.00	5,833.31	5,833.31	9,999.96	9,999.96	0%	
Conservation areas - NE	2,253.00	6,250.00	3,997.00	6,078.00	43,750.00	37,672.00	75,000.00	68,922.00	8%	
Manatee County	0.00	8.33	8.33	0.00	58.31	58.31	99.96	99.96	0%	
Peace River Utilities - NE	494.06	2,083.33	1,589.27	2,867.19	14,583.31	11,716.12	24,999.96	22,132.77	11%	
Drainage Maintenance - NE	0.00	2,500.00	2,500.00	882.40	17,500.00	16,617.60	30,000.00	29,117.60	3%	
Storm Damage and Clean Up - NE	0.00	2,500.00	2,500.00	20,689.62	17,500.00	(3,189.62)	30,000.00	9,310.38	69%	
Sanitary Sewer - NE	200.00	416.67	216.67	1,450.00	2,916.69	1,466.69	5,000.04	3,550.04	29%	
Hardscapes - NE	0.00	833.33	833.33	2,253.13	5,833.31	3,580.18	9,999.96	7,746.83	23%	
Signs - NE	0.00	1,666.67	1,666.67	1,464.58	11,666.69	10,202.11	20,000.04	18,535.46	7%	
Miscellaneous Maintenance - NE	0.00	100.00	100.00	0.00	700.00	700.00	1,200.00	1,200.00	0%	
Total General & Administrative Expenses	$94,653.43		$140,837.92		$46,184.49		$698,797.70		$985,865.44		$287,067.74		$1,690,055.04	$991,257.34		
Total Expenses		$94,653.43		$140,837.92		$46,184.49		$698,797.70		$985,865.44		$287,067.74				
Net Income (Loss)	$47,878.91		$144,999.08		$(97,120.17)		$2,914,849.21		$1,014,993.56		$1,899,855.65				

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

Revenues										
Assessments - Northwest	$68,396.41	$274,488.58	$(206,092.17)	$3,252,670.42	$1,921,420.06	$1,331,250.36	$3,293,862.96	$41,192.54	99%	
Net Revenues	$68,396.41		$274,488.58		$(206,092.17)		$3,252,670.42		$1,921,420.06		$1,331,250.36		$3,293,862.96	$41,192.54		
General & Administrative Expenses										
Kent Lake & Lake Bank Ma	$16,460.00	$5,000.00	$(11,460.00)	$97,500.00	$35,000.00	$(62,500.00)	$60,000.00	$(37,500.00)	163%	
Lake Bank mowing	0.00	2,833.33	2,833.33	0.00	19,833.31	19,833.31	33,999.96	33,999.96	0%	
Rangeland-WhiteEagle to	4,069.50	0.00	(4,069.50)	20,347.50	0.00	(20,347.50)	0.00	(20,347.50)		
Silver Falls	4,756.25	166.67	(4,589.58)	33,293.75	1,166.69	(32,127.06)	2,000.04	(31,293.71)	1665%	
NW Sector East Landscape Contract	18,971.05	23,585.33	4,614.28	136,866.85	165,097.31	28,230.46	283,023.96	146,157.11	48%	
NW Sector West Landscape Contract	21,415.66	24,298.58	2,882.92	157,279.12	170,090.06	12,810.94	291,582.96	134,303.84	54%	
Crossland Trail	0.00	2,750.00	2,750.00	0.00	19,250.00	19,250.00	33,000.00	33,000.00	0%	
Newhaven Blvd.	3,033.07	1,666.67	(1,366.40)	21,231.49	11,666.69	(9,564.80)	20,000.04	(1,231.45)	106%	
Irrigation Repairs - NW	3,711.61	7,000.00	3,288.39	113,373.33	49,000.00	(64,373.33)	84,000.00	(29,373.33)	135%	
Plant Replacement - NW	0.00	7,000.00	7,000.00	7,206.96	49,000.00	41,793.04	84,000.00	76,793.04	9%	
Mulching - NW	0.00	8,750.00	8,750.00	300.00	61,250.00	60,950.00	105,000.00	104,700.00	0%	
Tree Trimming - NW	0.00	7,000.00	7,000.00	51,275.00	49,000.00	(2,275.00)	84,000.00	32,725.00	61%	
Other Landscape Maintena - NW	1,500.00	12,687.50	11,187.50	13,017.50	88,812.50	75,795.00	152,250.00	139,232.50	9%	
Irrigation-Mthly Meter Char - NW	788.82	766.00	(22.82)	4,697.94	5,362.00	664.06	9,192.00	4,494.06	51%	
Irrigation - Utilization - NW	24,138.29	25,833.33	1,695.04	137,668.64	180,833.31	43,164.67	309,999.96	172,331.32	44%	
Lake maint.-lakes outside com. - NW	9,048.38	2,916.67	(6,131.71)	38,565.28	20,416.69	(18,148.59)	35,000.04	(3,565.24)	110%	
Littoral Shelf Plantings	0.00	1,250.00	1,250.00	0.00	8,750.00	8,750.00	15,000.00	15,000.00	0%	
Conservation areas - NW	1,275.00	8,333.33	7,058.33	26,325.00	58,333.31	32,008.31	99,999.96	73,674.96	26%	
FPL - NW	53.50	75.00	21.50	345.63	525.00	179.37	900.00	554.37	38%	
Peace River Utilities - NW	120.44	2,000.00	1,879.56	2,313.54	14,000.00	11,686.46	24,000.00	21,686.46	10%	
Drainage Maintenance - NW	0.00	2,500.00	2,500.00	7,790.00	17,500.00	9,710.00	30,000.00	22,210.00	26%	
Storm Damage and Clean Up	0.00	2,500.00	2,500.00	33,340.60	17,500.00	(15,840.60)	30,000.00	(3,340.60)	111%	
Sanitary Sewer - NW	0.00	4,166.67	4,166.67	20,568.14	29,166.69	8,598.55	50,000.04	29,431.90	41%	
Hardscapes - NW	0.00	2,500.00	2,500.00	1,726.96	17,500.00	15,773.04	30,000.00	28,273.04	6%	
Signs - NW	0.00	1,666.67	1,666.67	29,494.87	11,666.69	(17,828.18)	20,000.04	(9,494.83)	147%	
Miscellaneous Maintenance - NW	0.00	416.67	416.67	0.00	2,916.69	2,916.69	5,000.04	5,000.04	0%	
Total General & Administrative Expenses	$109,341.57		$157,662.42		$48,320.85		$954,528.10		$1,103,636.94		$149,108.84		$1,797,949.08	$940,920.98		
Total Expenses		$109,341.57		$157,662.42		$48,320.85		$954,528.10	  $1,103,636.94		$149,108.84				
Net Income (Loss)	$(40,945.16)		$116,826.16		$(157,771.32)		$2,298,142.32		$817,783.12		$1,480,359.20				

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

Revenues										
Assessments - Sarasota	$26,829.61	$180,567.58	$(153,737.97)	$2,101,196.63	$1,263,973.06	$837,223.57	$2,166,810.96	$65,614.33	97%	
Net Revenues	$26,829.61		$180,567.58		$(153,737.97)		$2,101,196.63		$1,263,973.06		$837,223.57		$2,166,810.96	$65,614.33		
General & Administrative Expenses										
Deer Drive	$11,279.41	$11,279.00	$(0.41)	$78,955.87	$78,953.00	$(2.87)	$135,348.00	$56,392.13	58%	
Lorraine Road; University P	0.00	14,042.00	14,042.00	0.00	98,294.00	98,294.00	168,504.00	168,504.00	0%	
LWR Blvd; Comm Blvd to D	9,877.00	9,877.00	0.00	69,139.00	69,139.00	0.00	118,524.00	49,385.00	58%	
Lorraine Rd;South Boundar	6,586.22	6,586.00	(0.22)	46,103.54	46,102.00	(1.54)	79,032.00	32,928.46	58%	
Blythe Ave. CAnnon St. and Lucent Pl.	2,500.00	2,250.00	(250.00)	17,006.00	15,750.00	(1,256.00)	27,000.00	9,994.00	63%	
Blue Lake Road	5,735.00	12,500.00	6,765.00	38,945.00	87,500.00	48,555.00	150,000.00	111,055.00	26%	
Pine Warbler Place	690.00	1,000.00	310.00	4,709.50	7,000.00	2,290.50	12,000.00	7,290.50	39%	
Irrigation Repairs - SRQ	3,745.14	4,033.33	288.19	38,837.46	28,233.31	(10,604.15)	48,399.96	9,562.50	80%	
Plant Replacement - SRQ	756.00	8,066.67	7,310.67	9,423.50	56,466.69	47,043.19	96,800.04	87,376.54	10%	
Mulching - SRQ	0.00	6,050.00	6,050.00	5,130.00	42,350.00	37,220.00	72,600.00	67,470.00	7%	
Tree Trimming - SRQ	6,955.00	4,033.33	(2,921.67)	19,625.00	28,233.31	8,608.31	48,399.96	28,774.96	41%	
Other Landscape Maintena - SRQ	2,651.05	8,066.67	5,415.62	17,259.85	56,466.69	39,206.84	96,800.04	79,540.19	18%	
Irrigation-Mthly Meter Char - SRQ	788.82	766.00	(22.82)	4,697.94	5,362.00	664.06	9,192.00	4,494.06	51%	
Irrigation - Utilization - SRQ	8,296.24	18,333.33	10,037.09	47,316.17	128,333.31	81,017.14	219,999.96	172,683.79	22%	
Lake maint.-lakes outside com. - SRQ	2,934.09	4,166.67	1,232.58	9,559.09	29,166.69	19,607.60	50,000.04	40,440.95	19%	
Littoral Shelf Plantings - SRQ	0.00	500.00	500.00	0.00	3,500.00	3,500.00	6,000.00	6,000.00	0%	
Conservation areas - SRQ	5,000.00	6,666.67	1,666.67	10,100.00	46,666.69	36,566.69	80,000.04	69,900.04	13%	
FPL - SRQ	2,774.72	2,916.67	141.95	20,575.49	20,416.69	(158.80)	35,000.04	14,424.55	59%	
Stormwater System & Drainage - SRQ	16,300.00	2,500.00	(13,800.00)	91,266.20	17,500.00	(73,766.20)	30,000.00	(61,266.20)	304%	
Storm Damage and Clean Up - SRQ	560,251.86	2,500.00	(557,751.86)	891,219.41	17,500.00	(873,719.41)	30,000.00	(861,219.41)	2971%	
Sanitary Sewer - SRQ	0.00	166.67	166.67	0.00	1,166.69	1,166.69	2,000.04	2,000.04	0%	
Water Taxi - Operation, Maint & Ins.	9,764.57	4,166.67	(5,597.90)	28,752.90	29,166.69	413.79	50,000.04	21,247.14	58%	
Hardscapes - SRQ	0.00	2,083.33	2,083.33	35,541.78	14,583.31	(20,958.47)	24,999.96	(10,541.82)	142%	
Signs - SRQ	0.00	1,666.67	1,666.67	13,274.00	11,666.69	(1,607.31)	20,000.04	6,726.04	66%	
Miscellaneous Maintenance - SRQ	0.00	166.67	166.67	0.00	1,166.69	1,166.69	2,000.04	2,000.04	0%	
Total General & Administrative Expenses	$656,885.12		$134,383.35		$(522,501.77)		$1,497,437.70		$940,683.45		$(556,754.25)		$1,477,252.20	$58,770.37		
Total Expenses		$656,885.12		$134,383.35	  $(522,501.77)	  $1,497,437.70		$940,683.45	  $(556,754.25)				
Net Income (Loss)	$(630,055.51)		$46,184.23		$(676,239.74)		$603,758.93		$323,289.61		$280,469.32				

		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	$58,333.31	$58,333.31	$99,999.96	$99,999.96		0%	
44th Ave. East - East of Bourneside	0.00	8,333.33	8,333.33	0.00	58,333.31	58,333.31	99,999.96	99,999.96		0%	
Irrigation Repairs	21.67	2,500.00	2,478.33	24,358.51	17,500.00	(6,858.51)	30,000.00	5,641.49		81%	
Plant Replacement	0.00	833.33	833.33	0.00	5,833.31	5,833.31	9,999.96	9,999.96		0%	
Tree Trimming	0.00	833.33	833.33	0.00	5,833.31	5,833.31	9,999.96	9,999.96		0%	
Other Landscape Maintenace	0.00	1,666.67	1,666.67	0.00	11,666.69	11,666.69	20,000.04	20,000.04		0%	
Monthly Meter Change	0.00	791.67	791.67	0.00	5,541.69	5,541.69	9,500.04	9,500.04		0%	
Utilization	0.00	8,333.33	8,333.33	0.00	58,333.31	58,333.31	99,999.96	99,999.96		0%	
Conservation/Preserve Areas Exotic Sp.	0.00	833.33	833.33	0.00	5,833.31	5,833.31	9,999.96	9,999.96		0%	
Peace River	0.00	833.33	833.33	0.00	5,833.31	5,833.31	9,999.96	9,999.96		0%	
Stormwater System & Drainage	0.00	833.33	833.33	0.00	5,833.31	5,833.31	9,999.96	9,999.96		0%	
Storm Damage and Clean Up	0.00	833.33	833.33	0.00	5,833.31	5,833.31	9,999.96	9,999.96		0%	
Signs	0.00	833.33	833.33	1,223.36	5,833.31	4,609.95	9,999.96	8,776.60		12%	
Total General & Administrative Expenses	$21.67		$35,791.64		$35,769.97		$25,581.87		$250,541.48		$224,959.61		$429,499.68	$403,917.81			
Total Expenses		$21.67		$35,791.64		$35,769.97		$25,581.87		$250,541.48		$224,959.61					
Net Income (Loss)	$(21.67)		$(35,791.64)		$35,769.97		$(25,581.87)		$(250,541.48)		$224,959.61