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

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

Lakewood Ranch Stewardship District
Summary Income Statement September 2025

Revenues	
	Current Period	Current Period	Current Period	Year to Date Actual	Year to Date Budget		Year to Date	
		Actual		Budget		Variance						Variance	
Administrative $	3,758.54	$	76,600.41	$	(72,841.87)	$	334,564.43	$	766,004.10	$	(431,439.67)	
East Sector	$	-	$	196,502.42	$	(196,502.42)	$ 2,385,286.79	$  1,965,024.20	$	420,262.59	
Northeast Sector	$	-	$	285,837.00	$	(285,837.00)	$ 3,665,362.70	$  2,858,370.00	$	806,992.70	
Northwest Sector	$	-	$	274,488.58	$	(274,488.58)	$ 3,300,832.85	$  2,744,885.80	$	555,947.05	
SRQ	$	-	$	180,567.58	$	(180,567.58)	$ 2,190,613.08	$  1,805,675.80	$	384,937.28	
Southeast	$	-	$	-	$	-	$	-	$	-	$	-	
Taylor	$	-	$	-	$	-	$	-	$	-	$	-	
Total Revenue	$	3,758.54	$	1,013,995.99	$(1,010,237.45)	$ 11,876,659.85	$ 10,139,959.90	$ 1,736,699.95	
Expenses	
	Current Period	Current Period	Current Period	Year to Date Actual	Year to Date Budget		Year to Date	
		Actual		Budget		Variance						Variance	
Administrative $	750,522.60	$	410,253.12	$	(340,269.48)	$	4,618,421.04	$	4,102,531.20	$	(515,889.84)	
East Sector	$	143,228.67	$	135,067.68	$	(8,160.99)	$ 2,068,109.87	$  1,350,676.80	$	(717,433.07)	
Northeast Sector	$	125,454.04	$	140,837.92	$	15,383.88	$ 1,289,275.81	$  1,408,379.20	$	119,103.39	
Northwest Sector	$	178,315.48	$	157,662.42	$	(20,653.06)	$ 1,812,072.05	$  1,576,624.20	$	(235,447.85)	
SRQ	$	254,386.82	$	134,383.35	$	(120,003.47)	$ 2,678,227.15	$  1,343,833.50	$(1,334,393.65)	
Southeast	$	2,200.00	$	-	$	(2,200.00)	$	2,200.00	$	-	$	(2,200.00)	
Taylor	$	37,961.81	$	35,791.64	$	(2,170.17)	$	115,276.73	$	357,916.40	$	242,639.67	
Total Expenses	$	1,492,069.42	$	1,013,996.13	$	(478,073.29)	$ 12,583,582.65	$ 10,139,961.30	$(2,443,621.35)	
Income (Loss)	$ (1,488,310.88)	$	(0.14)	$	(532,164.16)	$	(706,922.80)	$	(1.40)	$ 4,180,321.30	

Lakewood Ranch Stewardship District
Statement of Financial Position As of 9/30/2025

	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	$67,912.01		$123,949.99	($56,037.98)							
Northern Trust-Money Market	554,889.35		1,780,561.08	(1,225,671.73)							
Reserve Account	948,758.99		1,049,028.06	(100,269.07)							
Accounts Receivable	650.04		0.00	650.04							
Prepaid Expense	107,967.60		45,567.37	62,400.23							
Due from BRU	0.00		61,606.79	(61,606.79)							
BRU Operating Account						$638,225.83		$915,478.34		($277,252.51)	
BRU Revenue Account						43,204.19		13,713.63		29,490.56	
Accounts Receivable						1,144,026.57		802,477.26		341,549.31	
Due from General Fund						0.00		77,103.51		(77,103.51)	
Prepaid Expense			
			1,460.77		1,460.77		0.00	
Total Current Assets	$1,680,177.99		$3,060,713.29	($1,380,535.30)		$1,826,917.36		$1,810,233.51		$16,683.85	
Total Assets	$1,680,177.99		
$3,060,713.29	($1,380,535.30)		$1,826,917.36		$1,810,233.51		$16,683.85	

Liabilities and Net Assets	
Current Liabilities											
Accounts Payable	$415,817.75		$100,987.17	$314,830.58							
Payroll Tax Liability	90.97		23.25	67.72							
Healthcare Liability	0.00		29,113.84	(29,113.84)							
Reserve Liability	948,758.99		1,049,028.06	(100,269.07)							
Due to Debt Service Funds	0.00		636.30	(636.30)							
Due to BRU Fund	0.00		77,103.51	(77,103.51)							
Accounts Payable						$352,565.70		$80,375.47		$272,190.23	
Due to General Fund			
			0.00		61,606.79		(61,606.79)	
Total Current Liabilities	$1,364,667.71		$1,256,892.13	$107,775.58		$352,565.70		$141,982.26		$210,583.44	
Total Liabilities	$1,364,667.71		
$1,256,892.13	$107,775.58		$352,565.70		$141,982.26		$210,583.44	

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

$1,022,433.08		

$1,022,433.08	

$0.00		

$1,356,517.68		

$1,356,517.68		

$0.00	
	(706,922.80)		781,388.08	(1,488,310.88)		117,833.98		311,733.57		(193,899.59)	
Total Net Assets	$315,510.28		
$1,803,821.16	($1,488,310.88)		$1,474,351.66		$1,668,251.25		($193,899.59)	

								
Total Liabilities and Net Assets	$1,680,177.99		$3,060,713.29	($1,380,535.30)		$1,826,917.36		$1,810,233.51		$16,683.85	

Lakewood Ranch Stewardship District	
Income Statement	
For the period of 9/1/2025 Through 9/30/2025	
Fund: (001) General Fund	
Sector: (000) Administrative	
	Current Period						Year To Date				Adopted	Budget	Percentage	
	Actual		Budget		Variance		Actual		Budget		Variance		Budget FY25	Remaining	Used	

Revenues																
Developer Contributions	$0.00		$76,517.12		$(76,517.12)		$220,302.15		$918,205.00		$(697,902.85)		$918,205.44	$697,903.29	24%	
Other Revenue	653.47		83.37		570.10		73,880.82		1,000.00		72,880.82		1,000.44	(72,880.38)	7385%	
Park Revenue	1,673.29		0.00		1,673.29		10,224.56		0.00		10,224.56		0.00	(10,224.56)	0.0	
Net Revenues	$2,326.76		$76,600.49		$(74,273.73)		$304,407.53		$919,205.00		$(614,797.47)		$919,205.88	$614,798.35		
General & Administrative Expenses																
Maintenance Management	$15,000.00		$15,000.00		$0.00		$180,000.00		$180,000.00		$0.00		$180,000.00	$0.00	100%	
Uniforms	1,696.00		333.37		(1,362.63)		3,859.70		4,000.00		140.30		4,000.44	140.74	96%	
Job Materials	578.66		666.63		87.97		2,922.05		8,000.00		5,077.95		7,999.56	5,077.51	37%	
Phone/Radio	361.17		583.37		222.20		5,006.68		7,000.00		1,993.32		7,000.44	1,993.76	72%	
Office Supplies	0.00		250.00		250.00		95.00		3,000.00		2,905.00		3,000.00	2,905.00	3%	
Fuel Only	3,070.24		1,550.00		(1,520.24)		18,301.78		18,600.00		298.22		18,600.00	298.22	98%	
Equipment	724.81		416.63		(308.18)		93,948.10		5,000.00		(88,948.10)		4,999.56	(88,948.54)	1879%	
Tools/Machinery	0.00		4,166.63		4,166.63		0.00		50,000.00		50,000.00		49,999.56	49,999.56	0%	
Supplies	16,608.80		3,333.37		(13,275.43)		141,015.87		40,000.00		(101,015.87)		40,000.44	(101,015.43)	353%	
Miscellaneous Maintenance	929.17		2,500.00		1,570.83		48,786.34		30,000.00		(18,786.34)		30,000.00	(18,786.34)	163%	
Maintenance Yard	0.00		250.00		250.00		0.00		3,000.00		3,000.00		3,000.00	3,000.00	0%	
Vehicle R&M	6,530.07		333.37		(6,196.70)		34,088.53		4,000.00		(30,088.53)		4,000.44	(30,088.09)	852%	
Vehicle	45,593.50		4,166.63		(41,426.87)		45,635.30		50,000.00		4,364.70		49,999.56	4,364.26	91%	
Community Services P&A Admin Fee	340,705.00		28,392.12		(312,312.88)		340,705.00		340,705.00		0.00		340,705.44	0.44	100%	
Waste Management	0.00		250.00		250.00		0.00		3,000.00		3,000.00		3,000.00	3,000.00	0%	
Bob Gardner Park	65,760.80		29,166.63		(36,594.17)		464,139.07		350,000.00		(114,139.07)		349,999.56	(114,139.51)	133%	
James L. Patton Park	11,462.32		11,666.63		204.31		71,311.89		140,000.00		68,688.11		139,999.56	68,687.67	51%	
Roger Hill Park	14,500.04		4,166.63		(10,333.41)		59,649.24		50,000.00		(9,649.24)		49,999.56	(9,649.68)	119%	
Silver Falls Park	6,189.50		2,291.63		(3,897.87)		26,615.50		27,500.00		884.50		27,499.56	884.06	97%	
Waterside Place Park	46,772.55		16,228.00		(30,544.55)		363,902.01		194,736.00		(169,166.01)		194,736.00	(169,166.01)	187%	
Town Hall North	6,630.01		8,166.63		1,536.62		54,829.22		98,000.00		43,170.78		97,999.56	43,170.34	56%	
Passive Parks (117th)	1,050.00		416.63		(633.37)		3,650.00		5,000.00		1,350.00		4,999.56	1,349.56	73%	
University LWR Entrance	4,361.04		12,500.00		8,138.96		82,032.88		150,000.00		67,967.12		150,000.00	67,967.12	55%	
Trails (Harmony & Curlew)	6,825.00		4,166.63		(2,658.37)		31,330.00		50,000.00		18,670.00		49,999.56	18,669.56	63%	
Tunnel Park	10,500.00		2,083.37		(8,416.63)		10,500.00		25,000.00		14,500.00		25,000.44	14,500.44	42%	
CDD Allocation-Univ. Pkwy & Lorraine Row	0.00		2,083.37		2,083.37		22,308.00		25,000.00		2,692.00		25,000.44	2,692.44	89%	
GIS Implementation & Maintenance	0.00		29,166.63		29,166.63		0.00		350,000.00		350,000.00		349,999.56	349,999.56	0%	
Insurance	0.00		7,083.37		7,083.37		158,700.00		85,000.00		(73,700.00)		85,000.44	(73,699.56)	187%	
Supervisor Fees	600.00		1,000.00		400.030		6,400.00		12,000.00		5,600.00		12,000.00	5,600.00	53%	
Meeting Advertising	188.12	921.63	733.51	8,647.37	11,060.00	2,412.63	11,059.56	2,412.19	78%

Lakewood Ranch Stewardship District

Income Statement
For the period of 9/1/2025 Through 9/30/2025	
Fund: (001) General Fund Sector: (000) Administrative	

Actual		Current Period
Budget		

Variance		

Actual		Year To Date
Budget		

Variance		Adopted Budget FY25	Budget Remaining	Percentage Used	
Engineering	90,819.75		11,666.63		(79,153.12)		406,437.55		140,000.00		(266,437.55)		139,999.56	(266,437.99)	290%	
Bond Agent Fees	3,025.00		1,916.63		(1,108.37)		15,565.00		23,000.00		7,435.00		22,999.56	7,434.56	68%	
Arbitrage Report	0.00		416.63		416.63		0.00		5,000.00		5,000.00		4,999.56	4,999.56	0%	
Legal Fees	4,116.74		10,416.63		6,299.89		55,244.01		125,000.00		69,755.99		124,999.56	69,755.55	44%	
Accounting	9,933.37		9,166.63		(766.74)		104,600.02		110,000.00		5,399.98		109,999.56	5,399.54	95%	
Lien Book and Tax Roll	14,000.00		33,291.63		19,291.63		303,000.00		399,500.00		96,500.00		399,499.56	96,499.56	76%	
Annual Audit	0.00		2,500.00		2,500.00		30,500.00		30,000.00		(500.00)		30,000.00	(500.00)	102%	
Trustee	2,315.01		13,000.00		10,684.99		155,124.23		156,000.00		875.77		156,000.00	875.77	99%	
Manager	7,500.00		19,833.37		12,333.37		90,000.00		238,000.00		148,000.00		238,000.44	148,000.44	38%	
Postage	178.00		125.00		(53.00)		893.28		1,500.00		606.72		1,500.00	606.72	60%	
Office Supplies	0.00		125.00		125.00		0.00		1,500.00		1,500.00		1,500.00	1,500.00	0%	
Other Current Charges	284.47		317.50		33.03		5,779.33		3,810.00		(1,969.33)		3,810.00	(1,969.33)	152%	
Dues, Licenses, Subscriptions	5,684.52		5,000.00		(684.52)		51,101.79		60,000.00		8,898.21		60,000.00	8,898.21	85%	
Payroll & Payroll Tax Expense	75,032.16		97,087.00		22,054.84		976,012.34		1,165,044.00		189,031.66		1,165,044.00	189,031.66	84%	
Cell Phone Expense	83.10		83.37		0.27		844.85		1,000.00		155.15		1,000.44	155.59	84%	
Healthcare Expense	6,105.26		0.00		(6,105.26)		81,552.93		0.00		(81,552.93)		0.00	(81,552.93)	0%	
457B Match Expense	167.88		0.00		(167.88)		8,173.70		0.00		(8,173.70)		0.00	(8,173.70)	0%	
Defined Employee Contribution Plan	500.00		3,166.63		2,666.63		2,000.00		38,000.00		36,000.00		37,999.56	35,999.56	5%	
Roth Match Expense	534.61		0.00		(534.61)		5,134.76		0.00		(5,134.76)		0.00	(5,134.76)	0%	
Re-amortization Schedule Fees	1,625.00		0.00		(1,625.00)		3,125.00		0.00		(3,125.00)		0.00	(3,125.00)	0%	
Disclosure	22,250.00		0.00		(22,250.00)		117,000.00		0.00		(117,000.00)		0.00	(117,000.00)	0%	
Reserves	(100,269.07)		8,840.13		109,109.20		(72,047.28)		106,082.00		178,129.28		106,081.56	178,128.84	-68%	
Total General & Administrative Expenses	$750,522.60		$410,252.68		$(340,269.92)		$4,618,421.04		$4,923,037.00		$304,615.96		$4,923,032.16	$304,611.12		
Total Expenses		$750,522.60			$410,252.68			$(340,269.92)			$4,618,421.04		  $4,923,037.00			$304,615.96					
Income (Loss) from Operations	$(748,195.84)		$(333,652.19)		$(414,543.65)		$(4,314,013.51)		$(4,003,832.00)		$(310,181.51)					
Other Income (Expense)																
Interest Income	$1,431.78		$0.00		$1,431.78		$30,156.90		$0.00		$30,156.90		0.00	(30,156.90)	0%	
Total Other Income (Expense)	$1,431.78		$0.00		$1,431.78		$30,156.90		$0.00		$30,156.90		$0.00	$(30,156.90)		
Net Income (Loss)	$(746,764.06)		$(333,652.19)		$(413,111.87)		$(4,283,856.61)		$(4,003,832.00)		$(280,024.61)					

Lakewood Ranch Stewardship District	
Income Statement	
For the period of 9/1/2025 Through 9/30/2025	
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	727,122.70		529,743.37		197,379.33		8,857,860.63		6,356,920.00		2,500,940.63		6,356,920.44	(2,500,940.19)	139%	
Net Revenues	$727,122.70		$529,743.37		$197,379.33		$8,869,860.63		$6,356,920.00		$2,512,940.63		$6,356,920.44	$(2,512,940.19)		
General & Administrative Expenses																
Transfer to Debt Service/Construct. Fund	$152,508.86		$0.00		$(152,508.86)		$4,037,129.15		$0.00		$(4,037,129.15)		$0.00	$(4,037,129.15)	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	36,809.21		41,666.63		4,857.42		423,363.48		500,000.00		76,636.52		499,999.56	76,636.08	85%	
Peace River Utilities	52,521.02		33,333.37		(19,187.65)		320,588.81		400,000.00		79,411.19		400,000.44	79,411.63	80%	
City of Sarasota Utilities	117,054.34		42,250.00		(74,804.34)		609,503.50		507,000.00		(102,503.50)		507,000.00	(102,503.50)	120%	
City of Bradenton Utilities	32,874.00		39,000.00		6,126.00		400,350.40		468,000.00		67,649.60		468,000.00	67,649.60	86%	
MCUD	0.00		0.00		0.00		36,861.30		0.00		(36,861.30)		0.00	(36,861.30)	0%	
Maintenance Mgmt - Stewardship O&M	0.00		3,000.00		3,000.00		0.00		36,000.00		36,000.00		36,000.00	36,000.00	0%	
Maintenance Management	0.00		12,500.00		12,500.00		0.00		150,000.00		150,000.00		150,000.00	150,000.00	0%	
Uniforms	0.00		250.00		250.00		2,096.88		3,000.00		903.12		3,000.00	903.12	70%	
Job Materials	0.00		1,666.63		1,666.63		0.00		20,000.00		20,000.00		19,999.56	19,999.56	0%	
Phone/Radio	1,028.95		500.00		(528.95)		6,151.88		6,000.00		(151.88)		6,000.00	(151.88)	103%	
Office Supplies	0.00		166.63		166.63		797.43		2,000.00		1,202.57		1,999.56	1,202.13	40%	
Fuel Only	3,324.74		1,666.63		(1,658.11)		16,397.64		20,000.00		3,602.36		19,999.56	3,601.92	82%	
Equipment Repairs (Pumps)	164,427.77		33,333.37		(131,094.40)		694,838.53		400,000.00		(294,838.53)		400,000.44	(294,838.09)	174%	
Tools/Machinery	0.00		416.63		416.63		10,096.88		5,000.00		(5,096.88)		4,999.56	(5,097.32)	202%	
Supplies	3,453.45		1,250.00		(2,203.45)		31,039.32		15,000.00		(16,039.32)		15,000.00	(16,039.32)	207%	
Miscellaneous Maintenance	184,684.09		16,666.63		(168,017.46)		722,277.85		200,000.00		(522,277.85)		199,999.56	(522,278.29)	361%	
Vehicle R&M	4,407.26		5,833.37		1,426.11		16,700.68		70,000.00		53,299.32		70,000.44	53,299.76	24%	
New Customer Meter Connections & Install	0.00		26,833.37		26,833.37		13,735.62		322,000.00		308,264.38		322,000.44	308,264.82	4%	
Customer Meter Replacement & Maintenance	0.00		8,333.37		8,333.37		11,515.34		100,000.00		88,484.66		100,000.44	88,485.10	12%	
Well Plugging	0.00		8,750.00		8,750.00		0.00		105,000.00		105,000.00		105,000.00	105,000.00	0%	
GIS Implementation & Maintenance	0.00		25,000.00		25,000.00		0.00		300,000.00		300,000.00		300,000.00	300,000.00	0%	
Insurance	0.00		1,290.00		1,290.00		0.00		15,480.00		15,480.00		15,480.00	15,480.00	0%	
Engineering & Consulting	85,048.45		34,166.63		(50,881.82)		524,110.17		410,000.00		(114,110.17)		409,999.56	(114,110.61)	128%	
Legal Fees	200.00		2,500.00		2,300.00		4,687.50		30,000.00		25,312.50		30,000.00	25,312.50	16%	
Accounting & HR Services	18,000.00		18,333.37		333.37		198,000.00		220,000.00		22,000.00		220,000.44	22,000.44	90%	
Annual Audit	0.00		833.37		833.37		0.00		10,000.00		10,000.00		10,000.44	10,000.44	0%	
Travel and Entertainment	0.00		0.00		0.00		137.81		0.00		(137.81)		0.00	(137.81)	0%	
Dues, Licenses, Subscriptions & Training	17,950.38		4,166.63		(13,783.75)		43,648.59		50,000.00		6,351.41		49,999.56	6,350.97	87%	
Payroll & Payroll Tax Expense	43,381.43		58,032.88		14,651.45		492,277.44		696,395.00		204,117.56		696,394.56	204,117.12	71%	

Lakewood Ranch Stewardship District
Income Statement
For the period of 9/1/2025 Through 9/30/2025	
Fund: (400) BRU Fund	

Actual		Current Period
Budget		

Variance		

Actual		Year To Date
Budget		

Variance	Adopted Budget FY25	Budget Remaining	Percentage Used	
Cell Phone Expense Healthcare Expense 457B Match Expense
Roth Match Expense	0.00
2,710.82
567.52
70.00		416.63
0.00
0.00
0.00		416.63
(2,710.82)
(567.52)
(70.00)		0.00
31,060.72
7,596.48
910.00		5,000.00
0.00
0.00
0.00		5,000.00
(31,060.72)
(7,596.48)
(910.00)	4,999.56
0.00
0.00
0.00	4,999.56
(31,060.72)
(7,596.48)
(910.00)	0%
0%
0%
0%	
Total General & Administrative Expenses	$921,022.29		$422,156.14		$(498,866.15)		$8,752,026.65		$5,065,875.00		$(3,686,151.65)	$5,065,873.68	$(3,686,152.97)		
Total Expenses		$921,022.29			$422,156.14			$(498,866.15)			$8,752,026.65		  $5,065,875.00		  $(3,686,151.65)				
Net Income (Loss)	$(193,899.59)		$107,587.23		$(301,486.82)		$117,833.98		$1,291,045.00		$(1,173,211.02)				

Lakewood Ranch Stewardship District	
Income Statement	
For the period of 9/1/2025 Through 9/30/2025	
Fund: (001) General Fund	
Sector: (00E) East Sector	
			Current Period						Year To Date				Adopted	Budget	Percentage	
	Actual		Budget		Variance		Actual		Budget		Variance		Budget FY25	Remaining	Used	

Revenues																
Assessments (Platted Lots) - East	$0.00		$196,502.38		$(196,502.38)		$2,385,286.79		$2,358,029.00		$27,257.79		$2,358,028.56	$(27,258.23)	101%	
Net Revenues	$0.00		$196,502.38		$(196,502.38)		$2,385,286.79		$2,358,029.00		$27,257.79		$2,358,028.56	$(27,258.23)		
General & Administrative Expenses																
University Pkwy Lorriane to Concession	$32,500.00		$12,132.00		$(20,368.00)		$180,165.00		$145,584.00		$(34,581.00)		$145,584.00	$(34,581.00)	124%	
The Masters Ave;Lorraine to Players	16,000.00		16,000.00		0.00		192,000.00		192,000.00		0.00		192,000.00	0.00	100%	
Lorraine Rd - East Side	9,131.67		10,000.00		868.33		109,580.04		120,000.00		10,419.96		120,000.00	10,419.96	91%	
Bournside Blvd. from Masters to SR70	4,290.47		4,416.63		126.16		51,485.64		53,000.00		1,514.36		52,999.56	1,513.92	97%	
Masters Ave fr. Players Dr to Bourneside	9,251.00		9,503.00		252.00		111,012.00		114,036.00		3,024.00		114,036.00	3,024.00	97%	
Bourneside Blvd from Masters to Uni. Pwy	4,980.00		7,500.00		2,520.00		59,760.00		90,000.00		30,240.00		90,000.00	30,240.00	66%	
Irrigation Repairs	7,478.76		5,416.63		(2,062.13)		34,989.43		65,000.00		30,010.57		64,999.56	30,010.13	54%	
Plant replacement	7,375.00		8,750.00		1,375.00		70,076.80		105,000.00		34,923.20		105,000.00	34,923.20	67%	
Mulching	0.00		7,250.00		7,250.00		0.00		87,000.00		87,000.00		87,000.00	87,000.00	0%	
Tree Trimming	2,050.00		2,583.37		533.37		34,270.00		31,000.00		(3,270.00)		31,000.44	(3,269.56)	111%	
Other Landscape Maint., NC, Contingency	2,570.00		5,000.00		2,430.00		66,144.26		60,000.00		(6,144.26)		60,000.00	(6,144.26)	110%	
Irrigation - Monthly Meter Charge	1,577.64		766.00		(811.64)		9,430.86		9,192.00		(238.86)		9,192.00	(238.86)	103%	
Irrigation - Utilization	38,495.62		26,666.63		(11,828.99)		311,226.68		320,000.00		8,773.32		319,999.56	8,772.88	97%	
Lake Maint. (Outside Communities)	2,300.00		2,500.00		200.00		15,450.00		30,000.00		14,550.00		30,000.00	14,550.00	52%	
Aquatic Plantings	0.00		833.37		833.37		0.00		10,000.00		10,000.00		10,000.44	10,000.44	0%	
Conservation Areas Exotic Sps Maint.	1,250.00		6,666.63		5,416.63		63,750.00		80,000.00		16,250.00		79,999.56	16,249.56	80%	
FPL	171.01		166.63		(4.38)		2,019.23		2,000.00		(19.23)		1,999.56	(19.67)	101%	
Roads and Sidewalks	0.00		166.63		166.63		0.00		2,000.00		2,000.00		1,999.56	1,999.56	0%	
Stormwater System & Drainage	850.00		2,083.37		1,233.37		636,419.68		25,000.00		(611,419.68)		25,000.44	(611,419.24)	2546%	
Storm Damage and Clean Up	0.00		2,083.37		2,083.37		84,213.00		25,000.00		(59,213.00)		25,000.44	(59,212.56)	337%	
Sanitary Sewer	0.00		416.63		416.63		0.00		5,000.00		5,000.00		4,999.56	4,999.56	0%	
Hardscapes	2,957.50		1,666.63		(1,290.87)		35,092.25		20,000.00		(15,092.25)		19,999.56	(15,092.69)	175%	
Signs	0.00		2,083.37		2,083.37		1,025.00		25,000.00		23,975.00		25,000.44	23,975.44	4%	
Miscellaneous Maintenance	0.00		416.63		416.63		0.00		5,000.00		5,000.00		4,999.56	4,999.56	0%	
Total General & Administrative Expenses	$143,228.67		$135,067.52		$(8,161.15)		$2,068,109.87		$1,620,812.00		$(447,297.87)		$1,620,810.24 $(447,299.63)		
Total Expenses		$143,228.67			$135,067.52			$(8,161.15)			$2,068,109.87		  $1,620,812.00			$(447,297.87)				
Net Income (Loss)	$(143,228.67)		$61,434.86		$(204,663.53)		$317,176.92		$737,217.00		$(420,040.08)				

Lakewood Ranch Stewardship District	
Income Statement	
For the period of 9/1/2025 Through 9/30/2025	
Fund: (001) General Fund	
Sector: (0NE) Northeast Sector	
			Current Period						Year To Date				Adopted	Budget	Percentage	
	Actual		Budget		Variance		Actual		Budget		Variance		Budget FY25	Remaining	Used	

Revenues																
Assessments (Platted Lots) - Northeast	$0.00		$285,837.00		$(285,837.00)		$3,665,362.70		$3,430,044.00		$235,318.70		$3,430,044.00	$(235,318.70)	107%	
Net Revenues	$0.00		$285,837.00		$(285,837.00)		$3,665,362.70		$3,430,044.00		$235,318.70		$3,430,044.00	$(235,318.70)		
General & Administrative Expenses																
Post Blvd & SR70 Intersection	$2,062.00		$2,062.00		$0.00		$24,744.00		$24,744.00		$0.00		$24,744.00	$0.00	100%	
59th Ave-Lorraine to Post Blvb	500.00		500.00		0.00		6,000.00		6,000.00		0.00		6,000.00	0.00	100%	
NE, State Road 70 & Lorraine	0.00		485.87		485.87		0.00		5,830.00		5,830.00		5,830.44	5,830.44	0%	
Uihlein Road	11,900.00		12,083.37		183.37		142,800.00		145,000.00		2,200.00		145,000.44	2,200.44	98%	
Lakebank and Swale Mowing	0.00		666.63		666.63		0.00		8,000.00		8,000.00		7,999.56	7,999.56	0%	
Lorraine Corners	7,665.00		7,833.37		168.37		91,980.00		94,000.00		2,020.00		94,000.44	2,020.44	98%	
Academic/Lighterwood Trail	3,860.00		3,750.00		(110.00)		46,320.00		45,000.00		(1,320.00)		45,000.00	(1,320.00)	103%	
44th Ave from Lorraine to Bourneside	13,461.00		11,666.63		(1,794.37)		161,532.00		140,000.00		(21,532.00)		139,999.56	(21,532.44)	115%	
Post Blvd. from 59th Ave to Rangeland	2,216.08		3,333.37		1,117.29		26,592.96		40,000.00		13,407.04		40,000.44	13,407.48	66%	
Uihlein Rd.; 44th Ave. to SR64	0.00		5,909.13		5,909.13		0.00		70,910.00		70,910.00		70,909.56	70,909.56	0%	
Rangeland Pkwy; Uihlein to Bourneside	4,125.00		10,000.00		5,875.00		49,500.00		120,000.00		70,500.00		120,000.00	70,500.00	41%	
Bourneside Blvd; Rangeland to SR64	9,082.00		10,614.88		1,532.88		121,722.00		127,379.00		5,657.00		127,378.56	5,656.56	96%	
Rangeland Pkwy; Lorraine to Uihlein	6,940.00		7,000.00		60.00		83,280.00		84,000.00		720.00		84,000.00	720.00	99%	
Irrigation Repairs	12,471.09		4,025.00		(8,446.09)		92,932.55		48,300.00		(44,632.55)		48,300.00	(44,632.55)	192%	
Plant Replacement	0.00		5,250.00		5,250.00		56,695.17		63,000.00		6,304.83		63,000.00	6,304.83	90%	
Mulching	0.00		7,000.00		7,000.00		0.00		84,000.00		84,000.00		84,000.00	84,000.00	0%	
Tree Trimming	0.00		4,200.00		4,200.00		24,570.00		50,400.00		25,830.00		50,400.00	25,830.00	49%	
Other Landscape Maint., NC, Contingency	6,226.25		6,916.63		690.38		44,943.24		83,000.00		38,056.76		82,999.56	38,056.32	54%	
Irrigation - Monthly Meter Charge	1,577.64		766.00		(811.64)		9,430.86		9,192.00		(238.86)		9,192.00	(238.86)	103%	
Irrigation - Utilization	15,943.86		16,666.63		722.77		128,901.76		200,000.00		71,098.24		199,999.56	71,097.80	64%	
Lake Maint. (Outside Communities)	15,025.04		2,916.63		(12,108.41)		92,725.24		35,000.00		(57,725.24)		34,999.56	(57,725.68)	265%	
Aquatic Plantings	0.00		833.37		833.37		0.00		10,000.00		10,000.00		10,000.44	10,000.44	0%	
Conservation Areas Exotic Sps Removal	2,025.00		6,250.00		4,225.00		18,592.00		75,000.00		56,408.00		75,000.00	56,408.00	25%	
Manatee County Utilities	0.00		8.37		8.37		0.00		100.00		100.00		100.44	100.44	0%	
Peace River Utilities	506.09		2,083.37		1,577.28		4,443.92		25,000.00		20,556.08		25,000.44	20,556.52	18%	
Stormwater System & Drainage	6,450.00		2,500.00		(3,950.00)		28,204.90		30,000.00		1,795.10		30,000.00	1,795.10	94%	
Storm Damage and Clean Up	0.00		2,500.00		2,500.00		20,689.62		30,000.00		9,310.38		30,000.00	9,310.38	69%	
Sanitary Sewer	673.10		416.63		(256.47)		2,998.10		5,000.00		2,001.90		4,999.56	2,001.46	60%	
Hardscapes	2,744.89		833.37		(1,911.52)		8,188.91		10,000.00		1,811.09		10,000.44	1,811.53	82%	
Signs	0.00		1,666.63		1,666.63		1,488.58		20,000.00		18,511.42		19,999.56	18,510.98	7%	

Lakewood Ranch Stewardship District
Income Statement
For the period of 9/1/2025 Through 9/30/2025	
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	
Miscellaneous Maintenance - NE
Total General & Administrative Expenses	0.00

$125,454.04		100.00

$140,837.88		100.00

$15,383.84		0.00
$1,289,275.81		1,200.00
$1,690,055.00		1,200.00
$400,779.19	1,200.00
$1,690,054.56	1,200.00
$400,778.75	0%	
Total Expenses		$125,454.04			$140,837.88			$15,383.84			$1,289,275.81		  $1,690,055.00			$400,779.19				
Net Income (Loss)	$(125,454.04)		$144,999.12		$(270,453.16)		$2,376,086.89		$1,739,989.00		$636,097.89				

Lakewood Ranch Stewardship District
Income Statement
For the period of 9/1/2025 Through 9/30/2025
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 (Platted Lots) - Northwest	$0.00		$274,488.62		$(274,488.62)		$3,300,832.85		$3,293,863.00		$6,969.85		$3,293,863.44	$(6,969.41)	100%	
Net Revenues	$0.00		$274,488.62		$(274,488.62)		$3,300,832.85		$3,293,863.00		$6,969.85		$3,293,863.44	$(6,969.41)		
General & Administrative Expenses																
Kent Lake & Lake Bank Ma	$32,920.00		$5,000.00		$(27,920.00)		$196,260.00		$60,000.00		$(136,260.00)		$60,000.00	$(136,260.00)	327%	
Lake Bank mowing	0.00		2,833.37		2,833.37		0.00		34,000.00		34,000.00		34,000.44	34,000.44	0%	
Rangeland-WhiteEagle to	4,069.50		0.00		(4,069.50)		40,695.00		0.00		(40,695.00)		0.00	(40,695.00)	0%	
Silver Falls	4,756.25		166.63		(4,589.62)		57,075.00		2,000.00		(55,075.00)		1,999.56	(55,075.44)	2854%	
NW Sector East Landscape Contract	18,971.05		23,585.37		4,614.32		231,722.10		283,024.00		51,301.90		283,024.44	51,302.34	82%	
NW Sector West Landscape Contract	20,865.66		24,298.62		3,432.96		261,607.42		291,583.00		29,975.58		291,583.44	29,976.02	90%	
Crossland Trail	0.00		2,750.00		2,750.00		0.00		33,000.00		33,000.00		33,000.00	33,000.00	0%	
Newhaven Blvd.	3,033.07		1,666.63		(1,366.44)		36,396.84		20,000.00		(16,396.84)		19,999.56	(16,397.28)	182%	
Irrigation Repairs	1,862.84		7,000.00		5,137.16		153,001.01		84,000.00		(69,001.01)		84,000.00	(69,001.01)	182%	
Plant Replacement	0.00		7,000.00		7,000.00		42,680.96		84,000.00		41,319.04		84,000.00	41,319.04	51%	
Mulching	0.00		8,750.00		8,750.00		300.00		105,000.00		104,700.00		105,000.00	104,700.00	0%	
Tree Trimming	0.00		7,000.00		7,000.00		54,175.00		84,000.00		29,825.00		84,000.00	29,825.00	64%	
Other Landscape Maint., NC, Contingency	3,000.00		12,687.50		9,687.50		25,610.00		152,250.00		126,640.00		152,250.00	126,640.00	17%	
Irrigation - Utilization	1,577.64		766.00		(811.64)		9,430.86		9,192.00		(238.86)		9,192.00	(238.86)	103%	
Irrigation - Utilization - NW	35,100.73		25,833.37		(9,267.36)		283,779.92		310,000.00		26,220.08		310,000.44	26,220.52	92%	
Lake Maint. (Outside Communities)	17,213.76		2,916.63		(14,297.13)		90,482.56		35,000.00		(55,482.56)		34,999.56	(55,483.00)	259%	
Aquatic Plantings	0.00		1,250.00		1,250.00		0.00		15,000.00		15,000.00		15,000.00	15,000.00	0%	
Conservation Areas Exotic Sps Maint.	10,100.00		8,333.37		(1,766.63)		53,100.00		100,000.00		46,900.00		100,000.44	46,900.44	53%	
FPL	79.67		75.00		(4.67)		638.85		900.00		261.15		900.00	261.15	71%	
Peace River Utilities	238.93		2,000.00		1,761.07		2,708.63		24,000.00		21,291.37		24,000.00	21,291.37	11%	
Stormwater System & Drainage	23,025.00		2,500.00		(20,525.00)		174,915.33		30,000.00		(144,915.33)		30,000.00	(144,915.33)	583%	
Storm Damage and Clean Up	0.00		2,500.00		2,500.00		33,340.60		30,000.00		(3,340.60)		30,000.00	(3,340.60)	111%	
Sanitary Sewer	0.00		4,166.63		4,166.63		20,568.14		50,000.00		29,431.86		49,999.56	29,431.42	41%	
Hardscapes	1,501.38		2,500.00		998.62		13,238.96		30,000.00		16,761.04		30,000.00	16,761.04	44%	
Signs	0.00		1,666.63		1,666.63		30,344.87		20,000.00		(10,344.87)		19,999.56	(10,345.31)	152%	
Miscellaneous Maintenance	0.00		416.63		416.63		0.00		5,000.00		5,000.00		4,999.56	4,999.56	0%	
Total General & Administrative Expenses	$178,315.48		$157,662.38		$(20,653.10)		$1,812,072.05		$1,891,949.00		$79,876.95		$1,891,948.56	$79,876.51		
Total Expenses		$178,315.48			$157,662.38			$(20,653.10)			$1,812,072.05		  $1,891,949.00			$79,876.95					
Net Income (Loss)	$(178,315.48)		$116,826.24		$(295,141.72)		$1,488,760.80		$1,401,914.00		$86,846.80					

Lakewood Ranch Stewardship District	
Income Statement	
For the period of 9/1/2025 Through 9/30/2025	
Fund: (001) General Fund	
Sector: (SRQ) Sarasota Sector	
			Current Period						Year To Date				Adopted	Budget	Percentage	
	Actual		Budget		Variance		Actual		Budget		Variance		Budget FY25	Remaining	Used	

Revenues																
Assessments (Platted Lots) - Sarasota	$0.00		$180,567.62		$(180,567.62)		$2,190,613.08		$2,166,811.00		$23,802.08		$2,166,811.44	$(23,801.64)	101%	
Net Revenues	$0.00		$180,567.62		$(180,567.62)		$2,190,613.08		$2,166,811.00		$23,802.08		$2,166,811.44	$(23,801.64)		
General & Administrative Expenses																
Deer Drive from U. Pkwy to LWR Blvd	$11,279.41		$11,279.00		$(0.41)		$135,352.92		$135,348.00		$(4.92)		$135,348.00	$(4.92)	100%	
Lorraine Rd; Uni. Pkwy to S. Boundary	0.00		14,042.00		14,042.00		0.00		168,504.00		168,504.00		168,504.00	168,504.00	0%	
LWR Blvd; Comm Pkwy to S. Boundary	9,877.00		9,877.00		0.00		118,524.00		118,524.00		0.00		118,524.00	0.00	100%	
Lorraine Rd; S. Boundary to FruitvilleRd	6,586.22		6,586.00		(0.22)		79,034.64		79,032.00		(2.64)		79,032.00	(2.64)	100%	
Blythe Ave. Cannon St. and Lucent Pl.	2,500.00		2,250.00		(250.00)		24,506.00		27,000.00		2,494.00		27,000.00	2,494.00	91%	
Blue Lake Road	54,945.00		12,500.00		(42,445.00)		128,690.00		150,000.00		21,310.00		150,000.00	21,310.00	86%	
Pine Warbler Place	690.00		1,000.00		310.00		8,159.50		12,000.00		3,840.50		12,000.00	3,840.50	68%	
Irrigation Repairs	7,891.54		4,033.37		(3,858.17)		70,140.87		48,400.00		(21,740.87)		48,400.44	(21,740.43)	145%	
Plant Replacement	10,041.38		8,066.63		(1,974.75)		74,072.38		96,800.00		22,727.62		96,799.56	22,727.18	77%	
Mulching	0.00		6,050.00		6,050.00		5,130.00		72,600.00		67,470.00		72,600.00	67,470.00	7%	
Tree Trimming	3,250.00		4,033.37		783.37		36,175.00		48,400.00		12,225.00		48,400.44	12,225.44	75%	
Other Landscape Maint., NC, Contingency	501.05		8,066.63		7,565.58		33,392.60		96,800.00		63,407.40		96,799.56	63,406.96	34%	
Irrigation - Utilization	1,577.64		766.00		(811.64)		9,430.86		9,192.00		(238.86)		9,192.00	(238.86)	103%	
Irrigation - Utilization - SRQ	12,063.99		18,333.37		6,269.38		97,534.05		220,000.00		122,465.95		220,000.44	122,466.39	44%	
Lake Maint. (Outside Communities)	11,404.00		4,166.63		(7,237.37)		51,067.71		50,000.00		(1,067.71)		49,999.56	(1,068.15)	102%	
Aquatic Plantings	0.00		500.00		500.00		0.00		6,000.00		6,000.00		6,000.00	6,000.00	0%	
Conservation Areas Exotic Sps Maint.	0.00		6,666.63		6,666.63		11,400.00		80,000.00		68,600.00		79,999.56	68,599.56	14%	
FPL	3,281.24		2,916.63		(364.61)		32,987.33		35,000.00		2,012.67		34,999.56	2,012.23	94%	
Stormwater System & Drainage	90,442.15		2,500.00		(87,942.15)		276,865.73		30,000.00		(246,865.73)		30,000.00	(246,865.73)	923%	
Storm Damage and Clean Up	21,755.69		2,500.00		(19,255.69)		1,392,356.75		30,000.00		(1,362,356.75)		30,000.00	(1,362,356.75)	4641%	
Sanitary Sewer	0.00		166.63		166.63		0.00		2,000.00		2,000.00		1,999.56	1,999.56	0%	
Water Taxi - Operation, Maint & Ins.	1,959.26		4,166.63		2,207.37		33,257.85		50,000.00		16,742.15		49,999.56	16,741.71	67%	
Hardscapes	4,341.25		2,083.37		(2,257.88)		46,874.96		25,000.00		(21,874.96)		25,000.44	(21,874.52)	187%	
Signs	0.00		1,666.63		1,666.63		13,274.00		20,000.00		6,726.00		19,999.56	6,725.56	66%	
Miscellaneous Maintenance	0.00		166.63		166.63		0.00		2,000.00		2,000.00		1,999.56	1,999.56	0%	
Total General & Administrative Expenses	$254,386.82		$134,383.15		$(120,003.67)		$2,678,227.15		$1,612,600.00		$(1,065,627.15)		$1,612,597.80	$(1,065,629.35)		
Total Expenses		$254,386.82			$134,383.15			$(120,003.67)			$2,678,227.15		  $1,612,600.00		  $(1,065,627.15)					
Net Income (Loss)	$(254,386.82)		$46,184.47		$(300,571.29)		$(487,614.07)		$554,211.00		$(1,041,825.07)					

Lakewood Ranch Stewardship District
Income Statement
For the period of 9/1/2025 Through 9/30/2025
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 Bourneside	

$5,700.00		

$8,333.37		

$2,633.37		

$5,700.00		

$100,000.00		

$94,300.00		

$100,000.44	

$94,300.44	

6%	
44th Ave. East - East of Bourneside	13,585.00		8,333.37		(5,251.63)		44,660.00		100,000.00		55,340.00		100,000.44	55,340.44	45%	
Irrigation Repairs	14,079.31		2,500.00		(11,579.31)		48,793.37		30,000.00		(18,793.37)		30,000.00	(18,793.37)	163%	
Plant Replacement	0.00		833.37		833.37		0.00		10,000.00		10,000.00		10,000.44	10,000.44	0%	
Tree Trimming	0.00		833.37		833.37		0.00		10,000.00		10,000.00		10,000.44	10,000.44	0%	
Other Landscape Maint., NC, Contingency	2,437.50		1,666.63		(770.87)		12,740.00		20,000.00		7,260.00		19,999.56	7,259.56	64%	
Irrigation - Monthly Meter Charge	0.00		791.63		791.63		0.00		9,500.00		9,500.00		9,499.56	9,499.56	0%	
Irrigation - Utilization	0.00		8,333.37		8,333.37		0.00		100,000.00		100,000.00		100,000.44	100,000.44	0%	
Lake Maintenance (Outside of Comm.)	2,160.00		0.00		(2,160.00)		2,160.00		0.00		(2,160.00)		0.00	(2,160.00)	0%	
Conservation Areas Exotic Sps Maint.	0.00		833.37		833.37		0.00		10,000.00		10,000.00		10,000.44	10,000.44	0%	
Peace River Utilities	0.00		833.37		833.37		0.00		10,000.00		10,000.00		10,000.44	10,000.44	0%	
Stormwater System & Drainage	0.00		833.37		833.37		0.00		10,000.00		10,000.00		10,000.44	10,000.44	0%	
Storm Damage and Clean Up	0.00		833.37		833.37		0.00		10,000.00		10,000.00		10,000.44	10,000.44	0%	
Signs	0.00		833.37		833.37		1,223.36		10,000.00		8,776.64		10,000.44	8,777.08	12%	
Total General & Administrative Expenses	$37,961.81		$35,791.96		$(2,169.85)		$115,276.73		$429,500.00		$314,223.27		$419,503.08	$305,449.71		
Total Expenses		$37,961.81			$35,791.96			$(2,169.85)			$115,276.73			$429,500.00			$314,223.27					
Net Income (Loss)	$(37,961.81)		$(35,791.96)		$(2,169.85)		$(115,276.73)		$(429,500.00)		$314,223.27