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

May 31, 2025
PFM Group Consulting LLC
3501 Quadrangle Blvd.
Suite 270
Orlando, FL 32817
407-723-5900

Lakewood Ranch Stewardship District
Summary Income Statement

Revenue
	Current Period
Actual	Current Period
Budget	Current Period
Variance	Year to Date Actual	Year to Date
Budget	Year to Date
Variance	
Administrative	$	3,868.71	$	76,600.41	$	(72,731.70)	$	300,056.88	$	612,803.28	$ (312,746.40)	
East Sector	$	10,907.45	$	196,502.42	$ (185,594.97)	$ 2,361,410.24	$ 1,572,019.36	$  789,390.88	
Northeast Sector	$	16,819.31	$	285,837.00	$ (269,017.69)	$ 3,630,466.22	$ 2,286,696.00	$ 1,343,770.22	
Northwest Sector	$	15,102.62	$	274,488.58	$ (259,385.96)	$ 3,267,773.04	$ 2,195,908.64	$ 1,071,864.40	
SRQ	$	72,653.89	$	180,567.58	$ (107,913.69)	$ 2,173,850.52	$ 1,444,540.64	$  729,309.88	
Taylor	$	-	$	-	$	-	$	-	$	-	$	-	

Total Revenue	$	119,351.98	$ 1,013,995.99 $ (894,644.01) $ 11,733,556.90  $ 8,111,967.92	$ 3,621,588.98

Expenses
	Current Period
Actual	Current Period
Budget	Current Period
Variance	Year to Date Actual	Year to Date
Budget	Year to Date
Variance	
Administrative	$ 1,321,005.82	$	410,253.12	$ (910,752.70)	$ 4,013,029.42	$ 3,282,024.96	$  (731,004.46)	
East Sector	$	173,811.87	$	135,067.68	$	(38,744.19)	$ 1,567,434.14	$ 1,080,541.44	$  (486,892.70)	
Northeast Sector	$	93,174.78	$	140,837.92	$	47,663.14	$	791,972.48	$ 1,126,703.36	$	334,730.88	
Northwest Sector	$	135,205.08	$	157,662.42	$	22,457.34	$ 1,089,733.18	$ 1,261,299.36	$	171,566.18	
SRQ	$	256,207.86	$	134,383.35	$ (121,824.51)	$ 1,753,645.56	$ 1,075,066.80	$  (678,578.76)	
Taylor	$	4,986.06	$	35,791.64	$	30,805.58	$	30,567.93	$	286,333.12	$	255,765.19	

Total Expenses	
$	
1,984,391.47	
$	
1,013,996.13	
$	
(970,395.34)	
$	
9,246,382.71	
$ 8,111,969.04	
$(1,134,413.67)	

Income (Loss)	
$ (1,865,039.49)	
$	
(0.14)	
$	
75,751.33	
$	
2,487,174.19	
$	
(1.12)	
$ 4,756,002.65	

Lakewood Ranch Stewardship District
Statement of Financial Position As of 5/31/2025

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

Assets								
Current Assets											
Northern Trust-Operating Account	$676,085.47		$2,481,955.18	($1,805,869.71)							
Northern Trust-Money Market	3,006,710.10		4,002,120.55	(995,410.45)							
Reserve Account*	2,049,010.94		1,049,004.84	1,000,006.10							
Prepaid Expense	28,759.68		19,631.06	9,128.62							
Due from Developer	115,910.60		0.00	115,910.60							
Due from BRU	19,900.82		0.00	19,900.82							
BRU Operating Account						$564,758.54		$557,442.50		$7,316.04	
BRU Revenue Account						300,052.56		47,452.66		252,599.90	
Accounts Receivable						1,455,943.77		1,297,385.86		158,557.91	
Due from General Fund			
			82.08		82.08		0.00	
Total Current Assets	$5,896,377.61		$7,552,711.63	($1,656,334.02)		$2,320,836.95		$1,902,363.10		$418,473.85	
Total Assets	$5,896,377.61		
$7,552,711.63	($1,656,334.02)		$2,320,836.95		$1,902,363.10		$418,473.85	

Liabilities and Net Assets	
Current Liabilities											
Accounts Payable	$337,565.59		$1,128,902.21	($791,336.62)							
Payroll Tax Liability	111.73		75.74	35.99							
Reserve Liability	2,049,010.94		1,049,004.84	1,000,006.10							
Due to BRU Fund	82.08		82.08	0.00							
Accounts Payable						$91,923.65		$2,098.54		$89,825.11	
Due to General Fund			
			19,900.82		0.00		19,900.82	
Total Current Liabilities	$2,386,770.34		$2,178,064.87	$208,705.47		$111,824.47		$2,098.54		$109,725.93	
Total Liabilities	$2,386,770.34		
$2,178,064.87	$208,705.47		$111,824.47		$2,098.54		$109,725.93	

Net Assets
Retained Earnings - Prior Year Surplus (Deficit) for the Period	

$1,022,433.08 2,487,174.19		

$1,022,433.08 4,352,213.68	

$0.00 (1,865,039.49)		

$1,356,517.68 852,494.80		

$1,356,517.68 543,746.88		

$0.00 308,747.92	
Total Net Assets	$3,509,607.27		
$5,374,646.76	($1,865,039.49)		$2,209,012.48		$1,900,264.56		$308,747.92	

								
Total Liabilities and Net Assets	$5,896,377.61		$7,552,711.63	($1,656,334.02)		$2,320,836.95		$1,902,363.10		$418,473.85	

*$1,000,000 was transferred from this account in June and properly placed into the MM account

Fund: (001) General Fund	
Sector: (000) Administrative	
			Current Period						Year To Date				Adopted	Budget Remaining	Percentage	
	Actual		Budget		Variance		Actual		Budget		Variance		Budget FY25		Used	

Revenues																
Developer Contributions	$0.00		$76,517.08		$(76,517.08)		$220,302.15		$612,136.64		$(391,834.49)		$918,204.96	$697,902.81	24%	
Other Revenue	6.10		83.33		(77.23)		73,210.23		666.64		72,543.59		999.96	(72,210.27)	7321%	
Park Revenue	(726.94)		0.00		(726.94)		6,544.50		0.00		6,544.50		0.00	(6,544.50)	0%	
Net Revenues	$(720.84)		$76,600.41		$(77,321.25)		$300,056.88		$612,803.28		$(312,746.40)		$919,204.92	$619,148.04		
General & Administrative Expenses																
Maintenance Management	$15,000.00		$15,000.00		$0.00		$120,000.00		$120,000.00		$0.00		$180,000.00	$60,000.00	67%	
Uniforms	161.99		333.33		171.34		2,147.72		2,666.64		518.92		3,999.96	1,852.24	54%	
Job Materials	294.15		666.67		372.52		2,059.05		5,333.36		3,274.31		8,000.04	5,940.99	26%	
Phone/Radio	439.88		583.33		143.45		3,404.79		4,666.64		1,261.85		6,999.96	3,595.17	49%	
Office Supplies	0.00		250.00		250.00		0.00		2,000.00		2,000.00		3,000.00	3,000.00	0%	
Fuel Only	3,353.00		1,550.00		(1,803.00)		11,902.13		12,400.00		497.87		18,600.00	6,697.87	64%	
Equipment	573.98		416.67		(157.31)		88,732.60		3,333.36		(85,399.24)		5,000.04	(83,732.56)	1775%	
Tools/Machinery	0.00		4,166.67		4,166.67		0.00		33,333.36		33,333.36		50,000.04	50,000.04	0%	
Supplies	9,435.15		3,333.33		(6,101.82)		88,946.85		26,666.64		(62,280.21)		39,999.96	(48,946.89)	222%	
Miscellaneous Maintenance	733.65		2,500.00		1,766.35		46,935.56		20,000.00		(26,935.56)		30,000.00	(16,935.56)	156%	
Maintenance Yard	0.00		250.00		250.00		0.00		2,000.00		2,000.00		3,000.00	3,000.00	0%	
Vehicle R&M	4,411.97		333.33		(4,078.64)		18,102.08		2,666.64		(15,435.44)		3,999.96	(14,102.12)	453%	
Vehicle	0.00		4,166.67		4,166.67		41.80		33,333.36		33,291.56		50,000.04	49,958.24	0%	
Community Services P&A Admin Fee	0.00		28,392.08		28,392.08		0.00		227,136.64		227,136.64		340,704.96	340,704.96	0%	
Waste Management	0.00		250.00		250.00		0.00		2,000.00		2,000.00		3,000.00	3,000.00	0%	
Robert N Gardner Park at L	28,979.40		29,166.67		187.27		291,195.20		233,333.36		(57,861.84)		350,000.04	58,804.84	83%	
James L patton Park at Ke	5,128.25		11,666.67		6,538.42		44,450.62		93,333.36		48,882.74		140,000.04	95,549.42	32%	
Roger A Hill Park at White	5,891.02		4,166.67		(1,724.35)		30,981.14		33,333.36		2,352.22		50,000.04	19,018.90	62%	
Silver Falls Park	959.75		2,291.67		1,331.92		14,366.75		18,333.36		3,966.61		27,500.04	13,133.29	52%	
Waterside Park	22,491.57		16,228.00		(6,263.57)		227,455.16		129,824.00		(97,631.16)		194,736.00	(32,719.16)	117%	
Town Hall North	7,147.84		8,166.67		1,018.83		35,907.14		65,333.36		29,426.22		98,000.04	62,092.90	37%	
117th Park Project	500.00		416.67		(83.33)		1,100.00		3,333.36		2,233.36		5,000.04	3,900.04	22%	
University LWR Entrance	8,253.13		12,500.00		4,246.87		37,999.14		100,000.00		62,000.86		150,000.00	112,000.86	25%	
Trails (Harmony & Curlew)	2,730.00		4,166.67		1,436.67		21,740.00		33,333.36		11,593.36		50,000.04	28,260.04	43%	
Tunnel Park	0.00		2,083.33		2,083.33		0.00		16,666.64		16,666.64		24,999.96	24,999.96	0%	
CDD Allocation-Univ. Pkwy & Lorraine Row	0.00		2,083.33		2,083.33		22,308.00		16,666.64		(5,641.36)		24,999.96	2,691.96	89%	
GIS Implementation & Maintenance	0.00		29,166.67		29,166.67		0.00		233,333.36		233,333.36		350,000.04	350,000.04	0%	

Fund: (001) General Fund	
Sector: (000) Administrative	
			Current Period						Year To Date				Adopted	Budget Remaining	Percentage	
	Actual		Budget		Variance		Actual		Budget		Variance		Budget FY25		Used	
Insurance	0.00		7,083.33		7,083.33		158,700.00		56,666.64		(102,033.36)		84,999.96	(73,700.04)	187%	
Supervisor Fees	600.00		1,000.00		400.00		4,400.00		8,000.00		3,600.00		12,000.00	7,600.00	37%	
Meeting Advertising	0.00		921.67		921.67		7,584.24		7,373.36		(210.88)		11,060.04	3,475.80	69%	
Engineering	42,716.70		11,666.67		(31,050.03)		212,073.30		93,333.36		(118,739.94)		140,000.04	(72,073.26)	151%	
Bond Agent Fees	0.00		1,916.67		1,916.67		12,540.00		15,333.36		2,793.36		23,000.04	10,460.04	55%	
Arbitrage Report	0.00		416.67		416.67		0.00		3,333.36		3,333.36		5,000.04	5,000.04	0%	
Legal Fees	6,122.95		10,416.67		4,293.72		34,470.55		83,333.36		48,862.81		125,000.04	90,529.49	28%	
Accounting	9,133.33		9,166.67		33.34		68,066.66		73,333.36		5,266.70		110,000.04	41,933.38	62%	
Lien Book and Tax Roll	0.00		33,291.67		33,291.67		275,000.00		266,333.36		(8,666.64)		399,500.04	124,500.04	69%	
Annual Audit	0.00		2,500.00		2,500.00		30,500.00		20,000.00		(10,500.00)		30,000.00	(500.00)	102%	
Trustee	7,096.36		13,000.00		5,903.64		147,221.75		104,000.00		(43,221.75)		156,000.00	8,778.25	94%	
Manager	7,500.00		19,833.33		12,333.33		60,000.00		158,666.64		98,666.64		237,999.96	177,999.96	25%	
Postage	59.58		125.00		65.42		449.63		1,000.00		550.37		1,500.00	1,050.37	30%	
Office Supplies	0.00		125.00		125.00		0.00		1,000.00		1,000.00		1,500.00	1,500.00	0%	
Other Current Charges	3,406.48		317.50		(3,088.98)		5,405.18		2,540.00		(2,865.18)		3,810.00	(1,595.18)	142%	
Dues, Licenses, Subscriptions	2,325.96		5,000.00		2,674.04		37,074.57		40,000.00		2,925.43		60,000.00	22,925.43	62%	
Payroll & Payroll Tax Expense	113,199.68		97,087.00		(16,112.68)		686,023.94		776,696.00		90,672.06		1,165,044.00	479,020.06	59%	
Cell Phone Expense	124.65		83.33		(41.32)		401.65		666.64		264.99		999.96	598.31	40%	
Healthcare Expense	9,955.05		0.00		(9,955.05)		56,607.83		0.00		(56,607.83)		0.00	(56,607.83)	0%	
457B Match Expense	1,519.87		0.00		(1,519.87)		6,422.79		0.00		(6,422.79)		0.00	(6,422.79)	0%	
Defined Employee Contribution Plan	0.00		3,166.67		3,166.67		1,000.00		25,333.36		24,333.36		38,000.04	37,000.04	3%	
Roth Match Expense	754.38		0.00		(754.38)		3,817.03		0.00		(3,817.03)		0.00	(3,817.03)	0%	
Re-amortization Schedule Fees	0.00		0.00		0.00		1,500.00		0.00		(1,500.00)		0.00	(1,500.00)	0%	
Disclosure	0.00		0.00		0.00		72,500.00		0.00		(72,500.00)		0.00	(72,500.00)	0%	
Reserves*	1,000,006.10		8,840.17		(991,165.93)		1,028,204.67		70,721.36		(957,483.31)		106,082.04	(922,122.63)	969%	
Total General & Administrative Expenses	$1,321,005.82		$410,253.12		$(910,752.70)		$4,019,739.52		$3,282,024.96		$(737,714.56)		$4,923,037.44	$903,297.92		
Total Expenses		$1,321,005.82			$410,253.12			$(910,752.70)			$4,019,739.52		  $3,282,024.96			$(737,714.56)					
Income (Loss) from Operations	$(1,321,726.66)		$(333,652.71)		$(988,073.95)		$(3,719,682.64)		$(2,669,221.68)		$(1,050,460.96)					
Other Income (Expense)																
Interest Income	$4,589.55		$0.00		$4,589.55		$6,710.10		$0.00		$6,710.10					
Total Other Income (Expense)	$4,589.55		$0.00		$4,589.55		$6,710.10		$0.00		$6,710.10					
Net Income (Loss)	$(1,317,137.11)		$(333,652.71)		$(983,484.40)		$(3,712,972.54)		$(2,669,221.68)		$(1,043,750.86)					

*$1,000,000 was transferred from this account in June and properly placed into the MM account.

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	$0.00		$0.00		$0.00		$12,000.00		$0.00		$12,000.00		$0.00	$(12,000.00)	0%	
Revenue	966,870.68		529,743.33		437,127.35		6,263,798.48		4,237,946.64		2,025,851.84		6,356,919.96	93,121.48	99%	
Net Revenues	$966,870.68		$529,743.33		$437,127.35		$6,275,798.48		$4,237,946.64		$2,037,851.84		$6,356,919.96	$81,121.48		
General & Administrative Expenses																
Transfer to Debt Service/Construct. Fund	$224,554.54		$0.00		$(224,554.54)		$2,810,129.78		$0.00		$(2,810,129.78)		$0.00	$(2,810,129.78)	0%	
Transfer to General Fund	0.00		0.00		0.00		96,153.25		0.00		(96,153.25)		0.00	(96,153.25)	0%	
FPL	89,231.66		41,666.67		(47,564.99)		294,924.24		333,333.36		38,409.12		500,000.04	205,075.80	59%	
Peace River Utilities	33,860.76		33,333.33		(527.43)		184,699.88		266,666.64		81,966.76		399,999.96	215,300.08	46%	
City of Sarasota Utilities	39,146.64		42,250.00		3,103.36		256,505.94		338,000.00		81,494.06		507,000.00	250,494.06	51%	
City of Bradenton Utilities	28,764.40		39,000.00		10,235.60		256,037.20		312,000.00		55,962.80		468,000.00	211,962.80	55%	
MCUD	8,397.90		0.00		(8,397.90)		19,830.30		0.00		(19,830.30)		0.00	(19,830.30)	0%	
Maintenance Mgmt - Stewardship O&M	0.00		3,000.00		3,000.00		0.00		24,000.00		24,000.00		36,000.00	36,000.00	0%	
Maintenance Management	0.00		12,500.00		12,500.00		0.00		100,000.00		100,000.00		150,000.00	150,000.00	0%	
Uniforms	107.49		250.00		142.51		621.31		2,000.00		1,378.69		3,000.00	2,378.69	21%	
Job Materials	0.00		1,666.67		1,666.67		0.00		13,333.36		13,333.36		20,000.04	20,000.04	0%	
Phone/Radio	474.04		500.00		25.96		3,792.86		4,000.00		207.14		6,000.00	2,207.14	63%	
Office Supplies	0.00		166.67		166.67		702.62		1,333.36		630.74		2,000.04	1,297.42	35%	
Fuel Only	2,735.31		1,666.67		(1,068.64)		10,045.16		13,333.36		3,288.20		20,000.04	9,954.88	50%	
Equipment	40,362.28		33,333.33		(7,028.95)		412,954.16		266,666.64		(146,287.52)		399,999.96	(12,954.20)	103%	
Tools/Machinery	0.00		416.67		416.67		10,096.88		3,333.36		(6,763.52)		5,000.04	(5,096.84)	202%	
Supplies	3,752.34		1,250.00		(2,502.34)		19,017.25		10,000.00		(9,017.25)		15,000.00	(4,017.25)	127%	
Miscellaneous Maintenance	48,966.18		16,666.67		(32,299.51)		225,134.28		133,333.36		(91,800.92)		200,000.04	(25,134.24)	113%	
Vehicle R&M	774.74		5,833.33		5,058.59		8,491.93		46,666.64		38,174.71		69,999.96	61,508.03	12%	
New Customer Meter Connections & Install	4,267.36		26,833.33		22,565.97		10,688.12		214,666.64		203,978.52		321,999.96	311,311.84	3%	
Customer Meter Replacement & Maintenance	3,267.50		8,333.33		5,065.83		8,965.84		66,666.64		57,700.80		99,999.96	91,034.12	9%	
Well Plugging	0.00		8,750.00		8,750.00		0.00		70,000.00		70,000.00		105,000.00	105,000.00	0%	
GIS Implementation & Maintenance	0.00		25,000.00		25,000.00		0.00		200,000.00		200,000.00		300,000.00	300,000.00	0%	
Insurance	0.00		1,290.00		1,290.00		0.00		10,320.00		10,320.00		15,480.00	15,480.00	0%	
Engineering	48,478.94		34,166.67		(14,312.27)		281,900.44		273,333.36		(8,567.08)		410,000.04	128,099.60	69%	
Legal Fees	823.50		2,500.00		1,676.50		2,598.50		20,000.00		17,401.50		30,000.00	27,401.50	9%	
Accounting	16,500.00		18,333.33		1,833.33		132,000.00		146,666.64		14,666.64		219,999.96	87,999.96	60%	
Annual Audit	0.00		833.33		833.33		0.00		6,666.64		6,666.64		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)	0%

Fund: (400) BRU Fund	

Dues, Licenses, Subscriptions Payroll & Payroll Tax Expense Cell Phone Expense Healthcare Expense
457B Match Expense
Roth Match Expense	

Actual
2,293.47
56,763.69
0.00
3,404.97
1,090.05
105.00		Current Period
Budget
4,166.67
58,032.92
416.67
0.00
0.00
0.00		

Variance
1,873.20
1,269.23
416.67
(3,404.97)
(1,090.05)
(105.00)		

Actual
15,060.62
336,840.53
0.00
20,437.86
4,906.92
630.00		Year To Date
Budget
33,333.36
464,263.36
3,333.36
0.00
0.00
0.00		

Variance
18,272.74
127,422.83
3,333.36
(20,437.86)
(4,906.92)
(630.00)		Adopted Budget FY25
50,000.04
696,395.04
5,000.04
0.00
0.00
0.00	Budget Remaining
34,939.42
359,554.51
5,000.04
(20,437.86)
(4,906.92)
(630.00)	Percentage Used
30%
48%
0%
0%
0%
0%	
Total General & Administrative Expenses	$658,122.76		$422,156.26		$(235,966.50)		$5,423,303.68		$3,377,250.08		$(2,046,053.60)		$5,065,875.12	$(357,428.56)		
Total Expenses		$658,122.76			$422,156.26			$(235,966.50)			$5,423,303.68			$3,377,250.08		  $(2,046,053.60)					
Net Income (Loss)	$308,747.92		$107,587.07		$201,160.85		$852,494.80		$860,696.56		$(8,201.76)					

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

Revenues																
Assessments - East	$10,907.45		$196,502.42		$(185,594.97)		$2,361,410.24		$1,572,019.36		$789,390.88		$2,358,029.04	$(3,381.20)	100%	
Net Revenues	$10,907.45		$196,502.42		$(185,594.97)		$2,361,410.24		$1,572,019.36		$789,390.88		$2,358,029.04	$(3,381.20)		
General & Administrative Expenses																
University Pkwy Lorriane to Concession	$16,250.00		$12,132.00		$(4,118.00)		$115,165.00		$97,056.00		$(18,109.00)		$145,584.00	$30,419.00	79%	
The Masters Ave;Lorraine to Players	16,000.00		16,000.00		0.00		128,000.00		128,000.00		0.00		192,000.00	64,000.00	67%	
Lorraine Rd - East Side	9,131.67		10,000.00		868.33		73,053.36		80,000.00		6,946.64		120,000.00	46,946.64	61%	
Bournside Blvd. from Masters to SR70	4,290.47		4,416.67		126.20		34,323.76		35,333.36		1,009.60		53,000.04	18,676.28	65%	
Masters Ave fr. Players Dr to Bourneside	9,251.00		9,503.00		252.00		74,008.00		76,024.00		2,016.00		114,036.00	40,028.00	65%	
Bourneside Blvd from Masters	4,980.00		7,500.00		2,520.00		39,840.00		60,000.00		20,160.00		90,000.00	50,160.00	44%	
Irrigation Repairs	13,958.83		5,416.67		(8,542.16)		28,769.98		43,333.36		14,563.38		65,000.04	36,230.06	44%	
Plant replacement - 00E	0.00		8,750.00		8,750.00		34,790.00		70,000.00		35,210.00		105,000.00	70,210.00	33%	
Mulching - 00E	0.00		7,250.00		7,250.00		0.00		58,000.00		58,000.00		87,000.00	87,000.00	0%	
Tree Trimming - 00E	670.00		2,583.33		1,913.33		16,730.00		20,666.64		3,936.64		30,999.96	14,269.96	54%	
Other Landscape Maint., NC Contigency	2,919.38		5,000.00		2,080.62		35,494.88		40,000.00		4,505.12		60,000.00	24,505.12	59%	
Monthly Meter Charge	788.82		766.00		(22.82)		5,486.76		6,128.00		641.24		9,192.00	3,705.24	60%	
Utilization	30,851.49		26,666.67		(4,184.82)		181,835.23		213,333.36		31,498.13		320,000.04	138,164.81	57%	
Lake Maint. (Outside Communities)	2,050.00		2,500.00		450.00		8,950.00		20,000.00		11,050.00		30,000.00	21,050.00	30%	
Littoral Shelf Plantings - E	0.00		833.33		833.33		0.00		6,666.64		6,666.64		9,999.96	9,999.96	0%	
Conservation Areas Exotic Sps Removal	14,925.00		6,666.67		(8,258.33)		47,575.00		53,333.36		5,758.36		80,000.04	32,425.04	59%	
FPL - E	197.38		166.67		(30.71)		1,358.49		1,333.36		(25.13)		2,000.04	641.55	68%	
Roads and Sidewalks - E	0.00		166.67		166.67		0.00		1,333.36		1,333.36		2,000.04	2,000.04	0%	
Stormwater System & Drainage - E	44,135.33		2,083.33		(42,052.00)		629,344.68		16,666.64		(612,678.04)		24,999.96	(604,344.72)	2517%	
Storm Damage and Clean Up - E	0.00		2,083.33		2,083.33		84,213.00		16,666.64		(67,546.36)		24,999.96	(59,213.04)	337%	
Sanitary Sewer	0.00		416.67		416.67		0.00		3,333.36		3,333.36		5,000.04	5,000.04	0%	
Hardscapes	3,412.50		1,666.67		(1,745.83)		27,471.00		13,333.36		(14,137.64)		20,000.04	(7,470.96)	137%	
Signs	0.00		2,083.33		2,083.33		1,025.00		16,666.64		15,641.64		24,999.96	23,974.96	4%	
Miscellaneous Maintenance - E	0.00		416.67		416.67		0.00		3,333.36		3,333.36		5,000.04	5,000.04	0%	
Total General & Administrative Expenses	$173,811.87		$135,067.68		$(38,744.19)		$1,567,434.14		$1,080,541.44		$(486,892.70)		$1,620,812.16	$53,378.02		
Total Expenses		$173,811.87			$135,067.68			$(38,744.19)			$1,567,434.14		  $1,080,541.44			$(486,892.70)					
Net Income (Loss)	$(162,904.42)		$61,434.74		$(224,339.16)		$793,976.10		$491,477.92		$302,498.18					

Lakewood Ranch Stewardship District
Income Statement
For the period of 5/1/2025 Through 5/31/2025 Fund: (001) General Fund
Sector: (0NE) Northeast Sector

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

Revenues																
Assessments - Northeast	$16,819.31		$285,837.00		$(269,017.69)		$3,630,466.22		$2,286,696.00		$1,343,770.22		$3,430,044.00	$(200,422.22)	106%	
Net Revenues	$16,819.31		$285,837.00		$(269,017.69)		$3,630,466.22		$2,286,696.00		$1,343,770.22		$3,430,044.00	$(200,422.22)		
General & Administrative Expenses																
Post Blvd & SR70 Intersecti	$2,062.00		$2,062.00		$0.00		$16,496.00		$16,496.00		$0.00		$24,744.00	$8,248.00	67%	
59th Ave-Lorraine to Post B	500.00		500.00		0.00		4,000.00		4,000.00		0.00		6,000.00	2,000.00	67%	
NE, State Road 70 & Lorraine	0.00		485.83		485.83		0.00		3,886.64		3,886.64		5,829.96	5,829.96	0%	
Uihlein Road	11,900.00		12,083.33		183.33		95,200.00		96,666.64		1,466.64		144,999.96	49,799.96	66%	
Lakebank and Swale Mowi	0.00		666.67		666.67		0.00		5,333.36		5,333.36		8,000.04	8,000.04	0%	
Lorraine Corners	7,665.00		7,833.33		168.33		61,320.00		62,666.64		1,346.64		93,999.96	32,679.96	65%	
Academic/Lighterwood	3,860.00		3,750.00		(110.00)		30,880.00		30,000.00		(880.00)		45,000.00	14,120.00	69%	
44th Ave from Lorraine to B	13,461.00		11,666.67		(1,794.33)		107,688.00		93,333.36		(14,354.64)		140,000.04	32,312.04	77%	
Post Blvd. from 59th Ave to	2,216.08		3,333.33		1,117.25		17,728.64		26,666.64		8,938.00		39,999.96	22,271.32	44%	
Uihlein Rd.; 44th Ave. to SR64	0.00		5,909.17		5,909.17		0.00		47,273.36		47,273.36		70,910.04	70,910.04	0%	
Rangeland Pkwy.; Uihlein	0.00		10,000.00		10,000.00		28,875.00		80,000.00		51,125.00		120,000.00	91,125.00	24%	
Bourneside NE Sector	10,240.00		10,614.92		374.92		81,920.00		84,919.36		2,999.36		127,379.04	45,459.04	64%	
Rangeland Pkwy.; Lorraine	6,940.00		7,000.00		60.00		55,520.00		56,000.00		480.00		84,000.00	28,480.00	66%	
Irrigation Repairs - NE	5,875.97		4,025.00		(1,850.97)		73,593.46		32,200.00		(41,393.46)		48,300.00	(25,293.46)	152%	
Plant Replacement - NE	0.00		5,250.00		5,250.00		2,624.00		42,000.00		39,376.00		63,000.00	60,376.00	4%	
Mulching - NE	0.00		7,000.00		7,000.00		0.00		56,000.00		56,000.00		84,000.00	84,000.00	0%	
Tree Trimming - NE	0.00		4,200.00		4,200.00		24,570.00		33,600.00		9,030.00		50,400.00	25,830.00	49%	
Other Landscape Maintena - NE	1,868.12		6,916.67		5,048.55		15,836.37		55,333.36		39,496.99		83,000.04	67,163.67	19%	
Irrigation-Mthly. Meter Char - NE	788.82		766.00		(22.82)		5,486.76		6,128.00		641.24		9,192.00	3,705.24	60%	
Irrigation - Utilization - NE	12,777.86		16,666.67		3,888.81		75,311.28		133,333.36		58,022.08		200,000.04	124,688.76	38%	
Lake maint.- lakes outside com. - NE	6,720.52		2,916.67		(3,803.85)		52,938.64		23,333.36		(29,605.28)		35,000.04	(17,938.60)	151%	
Littoral Shelf Plantings - NE	0.00		833.33		833.33		0.00		6,666.64		6,666.64		9,999.96	9,999.96	0%	
Conservation areas - NE	4,650.00		6,250.00		1,600.00		10,728.00		50,000.00		39,272.00		75,000.00	64,272.00	14%	
Manatee County	0.00		8.33		8.33		0.00		66.64		66.64		99.96	99.96	0%	
Peace River Utilities - NE	321.16		2,083.33		1,762.17		3,188.35		16,666.64		13,478.29		24,999.96	21,811.61	13%	
Drainage Maintenance - NE	0.00		2,500.00		2,500.00		882.40		20,000.00		19,117.60		30,000.00	29,117.60	3%	
Storm Damage and Clean Up - NE	0.00		2,500.00		2,500.00		20,689.62		20,000.00		(689.62)		30,000.00	9,310.38	69%	
Sanitary Sewer - NE	475.00		416.67		(58.33)		1,925.00		3,333.36		1,408.36		5,000.04	3,075.04	38%	

Lakewood Ranch Stewardship District
Income Statement	
For the period of 5/1/2025 Through 5/31/2025	
Fund: (001) General Fund Sector: (0NE) Northeast Sector	

Actual		Current Period
Budget		

Variance		

Actual		Year To Date
Budget		

Variance		Adopted Budget FY25	Budget Remaining	Percentage Used	
Hardscapes - NE Signs - NE
Miscellaneous Maintenance - NE	853.25
0.00
0.00		833.33
1,666.67
100.00		(19.92)
1,666.67
100.00		3,106.38
1,464.58
0.00		6,666.64
13,333.36
800.00		3,560.26
11,868.78
800.00		9,999.96
20,000.04
1,200.00	6,893.58
18,535.46
1,200.00	31%
7%
0%	
Total General & Administrative Expenses	$93,174.78		$140,837.92		$47,663.14		$791,972.48		$1,126,703.36		$334,730.88		$1,690,055.04	$898,082.56		
Total Expenses		$93,174.78			$140,837.92			$47,663.14			$791,972.48		  $1,126,703.36			$334,730.88					
Net Income (Loss)	$(76,355.47)		$144,999.08		$(221,354.55)		$2,838,493.74		$1,159,992.64		$1,678,501.10					

Lakewood Ranch Stewardship District
Income Statement
For the period of 5/1/2025 Through 5/31/2025 Fund: (001) General Fund
Sector: (0NW) Northwest Sector

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

Revenues																
Assessments - Northwest	$15,102.62		$274,488.58		$(259,385.96)		$3,267,773.04		$2,195,908.64		$1,071,864.40		$3,293,862.96	$26,089.92	99%	
Net Revenues	$15,102.62		$274,488.58		$(259,385.96)		$3,267,773.04		$2,195,908.64		$1,071,864.40		$3,293,862.96	$26,089.92		
General & Administrative Expenses																
Kent Lake & Lake Bank Ma	$16,460.00		$5,000.00		$(11,460.00)		$113,960.00		$40,000.00		$(73,960.00)		$60,000.00	$(53,960.00)	190%	
Lake Bank mowing	0.00		2,833.33		2,833.33		0.00		22,666.64		22,666.64		33,999.96	33,999.96	0%	
Rangeland-WhiteEagle to	4,069.50		0.00		(4,069.50)		24,417.00		0.00		(24,417.00)		0.00	(24,417.00)	0%	
Silver Falls	4,756.25		166.67		(4,589.58)		38,050.00		1,333.36		(36,716.64)		2,000.04	(36,049.96)	1902%	
NW Sector East Landscape Contract	18,971.05		23,585.33		4,614.28		155,837.90		188,682.64		32,844.74		283,023.96	127,186.06	55%	
NW Sector West Landscape Contract	20,865.66		24,298.58		3,432.92		178,144.78		194,388.64		16,243.86		291,582.96	113,438.18	61%	
Crossland Trail	0.00		2,750.00		2,750.00		0.00		22,000.00		22,000.00		33,000.00	33,000.00	0%	
Newhaven Blvd.	3,033.07		1,666.67		(1,366.40)		24,264.56		13,333.36		(10,931.20)		20,000.04	(4,264.52)	121%	
Irrigation Repairs - NW	16,333.39		7,000.00		(9,333.39)		129,706.72		56,000.00		(73,706.72)		84,000.00	(45,706.72)	154%	
Plant Replacement - NW	0.00		7,000.00		7,000.00		7,206.96		56,000.00		48,793.04		84,000.00	76,793.04	9%	
Mulching - NW	0.00		8,750.00		8,750.00		300.00		70,000.00		69,700.00		105,000.00	104,700.00	0%	
Tree Trimming - NW	0.00		7,000.00		7,000.00		51,275.00		56,000.00		4,725.00		84,000.00	32,725.00	61%	
Other Landscape Maintena - NW	3,296.25		12,687.50		9,391.25		16,313.75		101,500.00		85,186.25		152,250.00	135,936.25	11%	
Irrigation-Mthly Meter Char - NW	788.82		766.00		(22.82)		5,486.76		6,128.00		641.24		9,192.00	3,705.24	60%	
Irrigation - Utilization - NW	28,130.73		25,833.33		(2,297.40)		165,799.37		206,666.64		40,867.27		309,999.96	144,200.59	53%	
Lake maint.-lakes outside com. - NW	9,248.38		2,916.67		(6,331.71)		47,813.66		23,333.36		(24,480.30)		35,000.04	(12,813.62)	137%	
Littoral Shelf Plantings	0.00		1,250.00		1,250.00		0.00		10,000.00		10,000.00		15,000.00	15,000.00	0%	
Conservation areas - NW	0.00		8,333.33		8,333.33		26,325.00		66,666.64		40,341.64		99,999.96	73,674.96	26%	
FPL - NW	53.49		75.00		21.51		399.12		600.00		200.88		900.00	500.88	44%	
Peace River Utilities - NW	(85.76)		2,000.00		2,085.76		2,227.78		16,000.00		13,772.22		24,000.00	21,772.22	9%	
Drainage Maintenance - NW	3,730.00		2,500.00		(1,230.00)		11,520.00		20,000.00		8,480.00		30,000.00	18,480.00	38%	
Storm Damage and Clean Up	0.00		2,500.00		2,500.00		33,340.60		20,000.00		(13,340.60)		30,000.00	(3,340.60)	111%	
Sanitary Sewer - NW	0.00		4,166.67		4,166.67		20,568.14		33,333.36		12,765.22		50,000.04	29,431.90	41%	
Hardscapes - NW	4,704.25		2,500.00		(2,204.25)		6,431.21		20,000.00		13,568.79		30,000.00	23,568.79	21%	
Signs - NW	850.00		1,666.67		816.67		30,344.87		13,333.36		(17,011.51)		20,000.04	(10,344.83)	152%	
Miscellaneous Maintenance - NW	0.00		416.67		416.67		0.00		3,333.36		3,333.36		5,000.04	5,000.04	0%	
Total General & Administrative Expenses	$135,205.08		$157,662.42		$22,457.34		$1,089,733.18		$1,261,299.36		$171,566.18		$1,891,949.04	$802,215.86		
Total Expenses		$135,205.08			$157,662.42			$22,457.34			$1,089,733.18		  $1,261,299.36			$171,566.18					
Net Income (Loss)	$(120,102.46)		$116,826.16		$(236,928.62)		$2,178,039.86		$934,609.28		$1,243,430.58					

Lakewood Ranch Stewardship District	
Income Statement	
For the period of 5/1/2025 Through 5/31/2025	
Fund: (001) General Fund	
Sector: (SRQ) Sarasota Sector	
			Current Period						Year To Date				Adopted Budget	Budget	Percentage	
	Actual		Budget		Variance		Actual		Budget		Variance		FY25	Remaining	Used	

Revenues																
Assessments - Sarasota	$72,653.89		$180,567.58		$(107,913.69)		$2,173,850.52		$1,444,540.64		$729,309.88		$2,166,810.96	$(7,039.56)	100%	
Net Revenues	$72,653.89		$180,567.58		$(107,913.69)		$2,173,850.52		$1,444,540.64		$729,309.88		$2,166,810.96	$(7,039.56)		
General & Administrative Expenses																
Deer Drive	$11,279.41		$11,279.00		$(0.41)		$90,235.28		$90,232.00		$(3.28)		$135,348.00	$45,112.72	67%	
Lorraine Road; University P	0.00		14,042.00		14,042.00		0.00		112,336.00		112,336.00		168,504.00	168,504.00	0%	
LWR Blvd; Comm Blvd to D	9,877.00		9,877.00		0.00		79,016.00		79,016.00		0.00		118,524.00	39,508.00	67%	
Lorraine Rd;South Boundar	6,586.22		6,586.00		(0.22)		52,689.76		52,688.00		(1.76)		79,032.00	26,342.24	67%	
Blythe Ave. CAnnon St. and Lucent Pl.	2,500.00		2,250.00		(250.00)		19,506.00		18,000.00		(1,506.00)		27,000.00	7,494.00	72%	
Blue Lake Road	5,835.00		12,500.00		6,665.00		44,780.00		100,000.00		55,220.00		150,000.00	105,220.00	30%	
Pine Warbler Place	690.00		1,000.00		310.00		5,399.50		8,000.00		2,600.50		12,000.00	6,600.50	45%	
Irrigation Repairs - SRQ	8,415.92		4,033.33		(4,382.59)		47,253.38		32,266.64		(14,986.74)		48,399.96	1,146.58	98%	
Plant Replacement - SRQ	7,637.50		8,066.67		429.17		17,061.00		64,533.36		47,472.36		96,800.04	79,739.04	18%	
Mulching - SRQ	0.00		6,050.00		6,050.00		5,130.00		48,400.00		43,270.00		72,600.00	67,470.00	7%	
Tree Trimming - SRQ	0.00		4,033.33		4,033.33		19,625.00		32,266.64		12,641.64		48,399.96	28,774.96	41%	
Other Landscape Maintena - SRQ	4,814.80		8,066.67		3,251.87		22,074.65		64,533.36		42,458.71		96,800.04	74,725.39	23%	
Irrigation-Mthly Meter Char - SRQ	788.82		766.00		(22.82)		5,486.76		6,128.00		641.24		9,192.00	3,705.24	60%	
Irrigation - Utilization - SRQ	9,668.42		18,333.33		8,664.91		56,984.59		146,666.64		89,682.05		219,999.96	163,015.37	26%	
Lake maint.-lakes outside com. - SRQ	6,600.00		4,166.67		(2,433.33)		16,159.09		33,333.36		17,174.27		50,000.04	33,840.95	32%	
Littoral Shelf Plantings - SRQ	0.00		500.00		500.00		0.00		4,000.00		4,000.00		6,000.00	6,000.00	0%	
Conservation areas - SRQ	650.00		6,666.67		6,016.67		10,750.00		53,333.36		42,583.36		80,000.04	69,250.04	13%	
FPL - SRQ	2,812.92		2,916.67		103.75		23,388.41		23,333.36		(55.05)		35,000.04	11,611.63	67%	
Stormwater System & Drainage - SRQ	55,443.38		2,500.00		(52,943.38)		146,709.58		20,000.00		(126,709.58)		30,000.00	(116,709.58)	489%	
Storm Damage and Clean Up - SRQ	121,965.00		2,500.00		(119,465.00)		1,013,184.41		20,000.00		(993,184.41)		30,000.00	(983,184.41)	3377%	
Sanitary Sewer - SRQ	0.00		166.67		166.67		0.00		1,333.36		1,333.36		2,000.04	2,000.04	0%	
Water Taxi - Operation, Maint & Ins.	643.47		4,166.67		3,523.20		29,396.37		33,333.36		3,936.99		50,000.04	20,603.67	59%	
Hardscapes - SRQ	0.00		2,083.33		2,083.33		35,541.78		16,666.64		(18,875.14)		24,999.96	(10,541.82)	142%	
Signs - SRQ	0.00		1,666.67		1,666.67		13,274.00		13,333.36		59.36		20,000.04	6,726.04	66%	
Miscellaneous Maintenance - SRQ	0.00		166.67		166.67		0.00		1,333.36		1,333.36		2,000.04	2,000.04	0%	
Total General & Administrative Expenses	$256,207.86		$134,383.35		$(121,824.51)		$1,753,645.56		$1,075,066.80		$(678,578.76)		$1,612,600.20	$(141,045.36)		
Total Expenses		$256,207.86			$134,383.35			$(121,824.51)			$1,753,645.56		  $1,075,066.80			$(678,578.76)					
Net Income (Loss)	$(183,553.97)		$46,184.23		$(229,738.20)		$420,204.96		$369,473.84		$50,731.12					

Lakewood Ranch Stewardship District
Income Statement
For the period of 5/1/2025 Through 5/31/2025 Fund: (001) General Fund
Sector: (TAY) Taylor Sector

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

General & Administrative Expenses
Rangeland - East of Bournesdie	

$0.00		

$8,333.33		

$8,333.33		

$0.00		

$66,666.64		

$66,666.64		

$100,000	

$100,000	

0%	
44th Ave. East - East of Bourneside	4,450.00		8,333.33		3,883.33		4,450.00		66,666.64		62,216.64		$100,000	$95,550	4%	
Irrigation Repairs	536.06		2,500.00		1,963.94		24,894.57		20,000.00		(4,894.57)		$30,000	$5,105	83%	
Plant Replacement	0.00		833.33		833.33		0.00		6,666.64		6,666.64		$10,000	$10,000	0%	
Tree Trimming	0.00		833.33		833.33		0.00		6,666.64		6,666.64		$10,000	$10,000	0%	
Other Landscape Maintenace	0.00		1,666.67		1,666.67		0.00		13,333.36		13,333.36		$20,000	$20,000	0%	
Monthly Meter Change	0.00		791.67		791.67		0.00		6,333.36		6,333.36		$9,500	$9,500	0%	
Utilization	0.00		8,333.33		8,333.33		0.00		66,666.64		66,666.64		$100,000	$100,000	0%	
Conservation/Preserve Areas Exotic Sp.	0.00		833.33		833.33		0.00		6,666.64		6,666.64		$10,000	$10,000	0%	
Peace River	0.00		833.33		833.33		0.00		6,666.64		6,666.64		$10,000	$10,000	0%	
Stormwater System & Drainage	0.00		833.33		833.33		0.00		6,666.64		6,666.64		$10,000	$10,000	0%	
Storm Damage and Clean Up	0.00		833.33		833.33		0.00		6,666.64		6,666.64		$10,000	$10,000	0%	
Signs	0.00		833.33		833.33		1,223.36		6,666.64		5,443.28		$10,000	$8,777	12%	
Total General & Administrative Expenses	$4,986.06		$35,791.64		$30,805.58		$30,567.93		$286,333.12		$255,765.19		$429,500	$398,932		
Total Expenses		$4,986.06			$35,791.64			$30,805.58			$30,567.93			$286,333.12			$255,765.19					
Net Income (Loss)	$(4,986.06)		$(35,791.64)		$30,805.58		$(30,567.93)		$(286,333.12)		$255,765.19