North River Ranch
Improvement Stewardship District
December 2025 Financial Package

December 31, 2025

PFM Group Consulting LLC
3501 Quadrangle Boulevard
Suite 270
Orlando, FL 32817-8329
(407) 723-5900

North River Ranch Improvement SD	
Statement of Financial Position	
As of 12/31/2025	

General	
S19, S19-MG
Debt Service	
S20
Debt Service	
S23(1), S23(2)
Debt Service	
S23B
Debt Service	
S19, S19-MG
Capital Projects	
S20
Capital Projects	
S23(1), S23(2)
Capital Projects	
S23B
Capital Projects	
Long-Term Debt	
Total	

Assets	
Current Assets
General Checking Account Accounts Receivable
On-Roll Assessments Receivable Off-Roll Assessments Receivable Prepaid Expenses
Deposits
Assessments Receivable
Debt Service Reserve (Series 2019) Debt Service Reserve (Series 2019-MG) Revenue (Series 2019)
Revenue (Series 2019-MG) Prepayment A1 (Series 2019) Prepayment A1 (Series 2019-MG) Assessments Receivable
Debt Service Reserve A1 (Series 2020) Revenue A1, A2 (Series 2020)
On-Roll Assessments Receivable Off-Roll Assessments Receivable Due From Other Funds
Debt Service Reserve A1 (Series 2023-1) Debt Service Reserve A2 (Series 2023-1) Debt Service Reserve A (Series 2023-2) Revenue (Series 2023-1)
Interest A2 (Series 2023-1) Prepayment A1 (Series 2023-1) Prepayment A2 (Series 2023-1) Prepayment A (Series 2023-2) Sinking Fund A1 (Series 2023-1)
Capitalized Interest A1 (Series 2023-1) Capitalized Interest A (Series 2023-2) Debt Service Reserve (Series 2023B) Prepayment (Series 2023B) Capitalized Interest (Series 2023B)
Accounts Receivable - Due from Developer Due From Other Funds
Prepaid Expenses
Acquisition/Constr A1, A2 (Series 2020) Prepaid Expenses
Acquisition/Constr - Neighborhood Infras Acquisition/Constr - Master Infrastructu Acquisition/Constr (Series 2023-2) Prepaid Expenses
Acquisition/Constr (Series 2023B)
Total Current Assets	
$  456,163.01
969.89
2,025,794.12
772,494.13
721.28
12,108.28

$ 3,268,250.71	

$  862,505.11
166,056.88
88,906.25
185,747.11
83,780.89
1.73
7,779.16

$ 1,394,777.13	

$

$	

197,155.98
224,050.00
294,636.04

715,842.02	

$  590,917.97
366,002.58
101,273.90
738,150.00
769,062.50
637,827.50
404,630.03
14,210.24
8,655.14
1,456,940.24
16,992.40
0.09
0.12
120,741.80

$ 5,225,404.51	

$  778,514.68
389.17
91,846.59

$	870,750.44	

$

$	

798,090.24
7,286.50
225.76

805,602.50	

$

$	

42,939.96
378.45

43,318.41	

$

$	

38,109.26
453.79
1,501.62
552.77

40,617.44	

$
$	

709.72
709.72	

$	

-	
$	456,163.01
969.89
2,025,794.12
772,494.13
721.28
12,108.28
862,505.11
166,056.88
88,906.25
185,747.11
83,780.89
1.73
7,779.16
197,155.98
224,050.00
294,636.04
590,917.97
366,002.58
101,273.90
738,150.00
769,062.50
637,827.50
404,630.03
14,210.24
8,655.14
1,456,940.24
16,992.40
0.09
0.12
120,741.80
778,514.68
389.17
91,846.59
798,090.24
7,286.50
225.76
42,939.96
378.45
38,109.26
453.79
1,501.62
552.77
709.72

$ 12,365,272.88	

North River Ranch Improvement SD

Statement of Financial Position As of 12/31/2025

S19, S19-MG	S20	S23(1), S23(2)	S23B	S19, S19-MG	S20	S23(1), S23(2)	S23B	
Debt Service	Debt Service	Debt Service	Debt Service	Capital Projects	Capital Projects	Capital Projects	Capital Projects	

General	Long-Term Debt	Total

Investments
Amount Available in Debt Service Funds Amount To Be Provided
 
Total Investments	$	$	$

$	$	-	$	$	$

$	6,088,918.56
57,896,081.44

$	$  63,985,000.00

$  6,088,918.56
57,896,081.44

$ 63,985,000.00

          
Total Assets	$ 3,268,250.71	$ 1,394,777.13	$	715,842.02	$ 5,225,404.51	$	870,750.44	$	805,602.50	$	43,318.41	$	40,617.44	$	709.72	$	63,985,000.00	$ 76,350,272.88

	-	 	-	 	-	

       
	-		-	-
-	-
Liabilities and Net Assets

Current Liabilities
Accounts Payable	$  283,622.32																	$	283,622.32	
Due To Other Funds	7,286.50																	7,286.50	
Deferred Revenue	969.89																	969.89	
Deferred Revenue - On-Roll	2,025,794.12																	2,025,794.12	
Deferred Revenue - Off-Roll	772,494.13																	772,494.13	
Deferred Revenue			$  862,505.11															862,505.11	
Deferred Revenue					$  197,155.98													197,155.98	
Deferred Revenue							$  956,920.55											956,920.55	
Accounts Payable									$	814,960.74									814,960.74	
Retainage Payable									79,798.25									79,798.25	
Deferred Revenue									798,090.24									798,090.24	
Retainage Payable													$	124,504.44					124,504.44	
Retainage Payable									
 						$	206,437.53			206,437.53	
Total Current Liabilities	$ 3,090,166.96		$  862,505.11		$  197,155.98		$  956,920.55		$	-	$  1,692,849.23		$		$	124,504.44		$	206,437.53		$	-	$ 7,130,539.80	

Long Term Liabilities
Revenue Bonds Payable - Long-Term									
 		-						$  63,985,000.00		$ 63,985,000.00	
Total Long Term Liabilities	$		$		$		$		$	-	$		$		$		$		$  63,985,000.00		$ 63,985,000.00	
Total Liabilities	$ 3,090,166.96
	-			$  862,505.11
	-			$	-	197,155.98		$	-	956,920.55		$	-		$
-	1,692,849.23		$	
-		$
-		124,504.44		$	
-	206,437.53		$	63,985,000.00		$	71,115,539.80	

-

General		

S19, S19-MG
Debt Service		

S20
Debt Service		North River Ranch Improvement SD
Statement of Financial Position As of 12/31/2025

S23(1), S23(2)	S23B	S19, S19-MG
Debt Service	Debt Service	Capital Projects		

S20
Capital Projects		

S23(1), S23(2)
Capital Projects		

S23B
Capital Projects	

Long-Term Debt		

Total	

$ (225,686.80)
403,770.55

 $  178,083.75		

$  841,638.11
(309,366.09)

 $  532,272.02		

$ 1,125,382.64
(606,696.60)

 $	518,686.04		

$ 5,490,568.38
(1,222,084.42)

 $ 4,268,483.96		

$ 1,257,268.31
(386,517.87)

 $	870,750.44		

$

 $		

(176,845.43)
(710,401.30)

(887,246.73)		

$	28,467.72
14,850.69

 $	43,318.41		

$

 $		

(90,529.08)
6,642.08

(83,887.00)		

$

 $		

(203,755.70)
(1,972.11)

(205,727.81)	

$	

-		
$	(225,686.80)
403,770.55
841,638.11
(309,366.09)
1,125,382.64
(606,696.60)
5,490,568.38
(1,222,084.42)
1,257,268.31
(386,517.87)

(176,845.43)
(710,401.30)
28,467.72
14,850.69

(90,529.08)
6,642.08

(203,755.70)
(1,972.11)

$ 5,234,733.08	
																								
 $ 3,268,250.71		 $ 1,394,777.13		 $		715,842.02		 $ 5,225,404.51		 $		870,750.44		 $		805,602.50		 $		43,318.41		 $		40,617.44		 $		709.72		 $		63,985,000.00		 $ 76,350,272.88	

Net Assets
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets

North River Ranch Improvement SD
Statement of Activities As of 12/31/2025	
	
General	
S19, S19-MG
Debt Service	
S20
Debt Service	
S23(1), S23(2)
Debt Service	
S23B
Debt Service	
S19, S19-MG
Capital Projects	
S20
Capital Projects	
S23(1), S23(2)
Capital Projects	
S23B
Capital Projects	
Long-Term Debt		
Total	

Revenues

On-Roll Assessments Off-Roll Assessments Developer Contributions
Other Income & Other Financing Sources Sales Tax Collection Allowance Revenue On-Roll Assessments
Inter-Fund Group Transfers In On-Roll Assessments
Inter-Fund Group Transfers In On-Roll Assessments
Off-Roll Assessments Other Assessments Developer Contributions Inter-Fund Transfers In
Other Income & Other Financing Sources Inter-Fund Group Transfers In
Other Income & Other Financing Sources
Total Revenues	

$  534,825.68
794,015.29
0.06
13,136.83
0.18

$ 1,341,978.04	

$  136,924.40
3.29

$  136,927.69	

$  247,151.37
(25,215.74)

$  221,935.63	

$	60,454.35
366,002.53
1,475,987.12
$  1,126,200.45
(3.29)

  
$  1,902,444.00	$	-	$  1,126,197.16	

$	3,327.75
25,215.74

$	28,543.49	

$	36,080.23

$	36,080.23	

$	-	

$	-	

$

$	

534,825.68
794,015.29
0.06
13,136.83
0.18
136,924.40
3.29
247,151.37
(25,215.74)
60,454.35
366,002.53
1,475,987.12
1,126,200.45
(3.29)
3,327.75
25,215.74
36,080.23
4,794,106.24	
Expenses

Supervisor Fees
Public Officials' Liability Insurance Trustee Services
District Management Field Management Engineering Disclosure
District Counsel Assessment Administration Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Miscellaneous Office Supplies Property Taxes
Web Site Maintenance Holiday Decorations Help Desk
Dues, Licenses, and Fees Maintenance Staff Lifestyle Staff
Resident Services Electric Clubhouse Electric Clubhouse Water
Water Reclaimed	

$	3,000.00
11,203.00
19,185.96
20,124.99
5,000.00
22,757.05
7,500.00
6,338.90
25,000.00
910.27
458.06
705.14
391.46
833.68
9,101.06
1,212.11
177.31
600.00
36,600.00
240.00
175.00
18,500.00
61,076.98
37,028.24
906.71
13,803.21
7,280.19
2,588.93								

$	

3,000.00
11,203.00
19,185.96
20,124.99
5,000.00
22,757.05
7,500.00
6,338.90
25,000.00
910.27
458.06
705.14
391.46
833.68
9,101.06
1,212.11
177.31
600.00
36,600.00
240.00
175.00
18,500.00
61,076.98
37,028.24
906.71
13,803.21
7,280.19
2,588.93	

General	

S19, S19-MG
Debt Service	

S20
Debt Service	North River Ranch Improvement SD
Statement of Activities As of 12/31/2025

S23(1), S23(2)	S23B	S19, S19-MG
Debt Service	Debt Service	Capital Projects	

S20
Capital Projects	

S23(1), S23(2)
Capital Projects	

S23B
Capital Projects	

Long-Term Debt		

Total	

Wetlands Monitoring	
$	
375.00								
$	
375.00	
Amenity - Cable TV / Internet / Wi-Fi		16,064.79									16,064.79	
Amenity - Irrigation Repairs		2,187.15									2,187.15	
Amenity - Pool Maintenance		16,822.80									16,822.80	
Amenity - Janitorial		40,262.66									40,262.66	
Amenity - Pest Control		2,505.00									2,505.00	
Amenity - Fitness Equipment Leasing		11,304.25									11,304.25	
Amenity - Security Monitoring		5,984.80									5,984.80	
Amenity - Gate Access and Maintenance		9,511.16									9,511.16	
Amenity - Miscellaneous		173.29									173.29	
Amenity - Pool Equipment		4,950.00									4,950.00	
Amenity - Office Equipment Leasing		1,697.74									1,697.74	
Amenity - Streetlight Leasing		28,277.62									28,277.62	
Amenity -Canteen		1,398.49									1,398.49	
Amenity - Repairs & Maintenance		1,495.18									1,495.18	
Amenity - Operations		484.42									484.42	
General Insurance		11,203.00									11,203.00	
Property & Casualty Insurance		72,703.00									72,703.00	
Other Insurance		500.00									500.00	
Irrigation		22,964.06									22,964.06	
Lake Maintenance		25,303.00									25,303.00	
Landscaping Maintenance & Material		249,566.89									249,566.89	
Landscape Improvements		37,051.25									37,051.25	
Contingency		10,859.48									10,859.48	
Equipment Repair & Maintenance		2,194.14									2,194.14	
Pest Control		205.00									205.00	
Mulch		16,986.25									16,986.25	
Monument Maintenance		14,991.15									14,991.15	
Street, Sidewalk, Curb Maintenance		4,880.00									4,880.00	
Streetlight Leasing		11,730.50									11,730.50	
Dog Park		3,602.36									3,602.36	
Principal Payments - Series 2019-MG A1			$	90,000.00								90,000.00	
Interest Payments - Series 2019			233,988.75								233,988.75	
Interest Payments - Series 2019-MG A1			126,455.00								126,455.00	
Principal Payments - Series 2020 A2				$  675,000.00							675,000.00	
Interest Payment - Series 2020 A1				144,362.50							144,362.50	
Interest Payment - Series 2020 A2				14,175.00							14,175.00	
Principal Payments - Series 2023 (1) A1					$	10,000.00						10,000.00	
Principal Payments - Series 2023 (1) A2					2,025,000.00						2,025,000.00	
Principal Payments - Series 2023 (2) A					100,000.00						100,000.00	
Interest Payments - Series 2023 (1) A1					301,295.00						301,295.00	
Interest Payments - Series 2023 (1) A2					442,750.00						442,750.00	
Interest Payments - Series 2023 (2) A					273,847.50						273,847.50	
Principal Payment - Series 2023B					$	10,000.00						10,000.00	
Interest Payment - Series 2023B					383,520.00						383,520.00	
Engineering					$	83,223.50						83,223.50	
Contingency					1,753,374.97						1,753,374.97	
Contingency						$	13,863.73					13,863.73	
Contingency							$	29,569.60				29,569.60	
Contingency								$	1,976.67			1,976.67	
Total Expenses	$	940,932.68	

$  450,443.75	

$  833,537.50	
  
$  3,152,892.50	$  393,520.00	$  1,836,598.47	

$	13,863.73	

$	29,569.60	

$	1,976.67	

$	-	$	7,653,334.90	

North River Ranch Improvement SD
Statement of Activities As of 12/31/2025	
		
General		
S19, S19-MG
Debt Service		
S20
Debt Service		
S23(1), S23(2)
Debt Service		
S23B
Debt Service		
S19, S19-MG
Capital Projects		
S20
Capital Projects		
S23(1), S23(2)
Capital Projects		
S23B
Capital Projects		
Long-Term Debt			
Total	

Other Revenues (Expenses) & Gains (Losses)																															
Interest Income	$	2,725.19																					$	2,725.19	
Dividend Income				$	4,149.97																				4,149.97	
Dividend Income						$	4,905.27																		4,905.27	
Dividend Income								$	28,364.08																28,364.08	
Dividend Income										$	7,002.13														7,002.13	
Dividend Income												$	0.01												0.01	
Dividend Income														$	170.93										170.93	
Dividend Income																$	131.45								131.45	
Dividend Income								

						$	4.56						4.56	
Total Other Revenues (Expenses) & Gains (Losses)	$	2,725.19		$	4,149.97		$	4,905.27		$	28,364.08		$	7,002.13		$	0.01		$	170.93		$	131.45		$	4.56		$	-		$	47,453.59	

Change In Net Assets	
$	
403,770.55		
$	
(309,366.09)		
$	
(606,696.60)		
$	
(1,222,084.42)		
$	
(386,517.87)		
$	(710,401.30)		
$	14,850.69		
$	6,642.08		
$	
(1,972.11)		
$	
-		
$	
(2,811,775.07)	
Net Assets At Beginning Of Y $	(225,686.80)		$  841,638.11		$ 1,125,382.64		$	5,490,568.38		$ 1,257,268.31		$	(176,845.43)		$	28,467.72		$	(90,529.08)		$	(203,755.70)		$	-		$	8,046,508.15	

Net Assets At End Of Year	
$	
178,083.75		
$  532,272.02		
$  518,686.04		
$  4,268,483.96		
$  870,750.44		
$	(887,246.73)		
$	43,318.41		
$	
(83,887.00)		
$	
(205,727.81)		
$	-		
$	
5,234,733.08	

Revenues
On-Roll Assessments Off-Roll Assessments Developer Contributions
Other Income & Other Financing Sources
Sales Tax Collection Allowance Revenue	

$	YTD Actual

534,825.68
794,015.29
0.06
13,136.83
0.18		YTD Budget

$	640,154.84
391,627.36
- 6,200.00
-		YTD Variance

$	(105,329.16)
402,387.93
0.06
6,936.83
0.18		FY 2026
Adopted Budget

$ 2,560,619.36
1,566,509.42
- 24,800.00
-		Percentage Variance

20.89%
50.69%

52.97%	
Net Revenues	$	1,341,978.04		$ 1,037,982.20		$	303,995.84		$ 4,151,928.78		32.32%	
Expenditures
General & Administrative Expenses
Supervisor Fees
Public Officials' Liability Insurance Trustee Services
District Management Field Management Engineering Disclosure
District Counsel Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Tax Preparation Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Miscellaneous Office Supplies Property Taxes
Web Site Maintenance Holiday Decorations Help Desk
Dues, Licenses, and Fees Maintenance Staff Lifestyle Staff
Resident Services Developer Loan Repayment
Total General & Administrative Expenses	

$

$	

3,000.00
11,203.00
19,185.96
20,124.99
5,000.00
22,757.05
7,500.00
6,338.90
25,000.00
-
-
-
- 910.27
458.06
705.14
391.46
833.68
9,101.06
1,212.11
177.31
600.00
36,600.00
240.00
175.00
18,500.00
61,076.98
37,028.24
-
288,119.21		

$	3,000.00
2,485.73
7,813.75
20,125.00
18,750.00
15,000.00
7,500.00
5,500.00
6,250.00
625.00
1,875.00
750.00
38.13
325.00
400.00
1,000.00
250.00
1,250.00
9,784.99
1,000.00
25.00
900.00
10,000.00
312.50
43.75
32,500.00
68,625.54
11,050.00
26,949.15

$	254,128.54		

$	-
8,717.27
11,372.21
(0.01)
(13,750.00)
7,757.05
- 838.90
18,750.00
(625.00)
(1,875.00)
(750.00)
(38.13)
585.27
58.06
(294.86)
141.46
(416.32)
(683.93)
212.11
152.31
(300.00)
26,600.00
(72.50)
131.25
(14,000.00)
(7,548.56)
25,978.24
(26,949.15)

$	33,990.67		

$	12,000.00
9,942.90
31,255.00
80,500.00
75,000.00
60,000.00
30,000.00
22,000.00
25,000.00
2,500.00
7,500.00
3,000.00
152.52
1,300.00
1,600.00
4,000.00
1,000.00
5,000.00
39,140.00
4,000.00
100.00
3,600.00
40,000.00
1,250.00
175.00
130,000.00
274,502.15
44,200.00
107,796.61

$ 1,016,514.18		

25.00%
112.67%
61.39%
25.00%
6.67%
37.93%
25.00%
28.81%
100.00%
0.00%
0.00%
0.00%
0.00%
70.02%
28.63%
17.63%
39.15%
16.67%
23.25%
30.30%
177.31%
16.67%
91.50%
19.20%
100.00%
14.23%
22.25%
83.77%
0.00%

28.34%	

YTD Actual		YTD Budget		YTD Variance		FY 2026
Adopted Budget		Percentage Variance	
Field Operations
Electric
Water Reclaimed Wetland Monitoring
Stormwater - Repair and Maintenance Equipment Rental
General Insurance
Property & Casualty Insurance Other Insurance
Irrigation
Lake Maintenance
Landscape Maintenance & Material Zone 1 - Riverfield TH - Yellowstone Zone 2 - Riverfield SF - Yellowstone
Zone 3 - Brightwood - Impact Landscaping & Irrigation Zone 4 - Wildleaf - Impact Landscaping & Irrigation Zone 5 - Camp Creek - Impact Landscaping & Irrigation Zone 6 - Longmeadow - Impact Landscaping & Irrigation Zone 7 - Crescent Creek - Steadfast Alliance
Zone 8 - Phase 2 - Southern Land Services Landscape Improvements / Replacement Contingency
Equipment Repair and Maintenance Pest Control
Mulch (Zones 1 - 7) Monument Maintenance
Bridge and Boardwalk Maintenance Storm Cleanup
Storm Landscape Replacement Capital Expenditures
Street, Sidewalk, and Curb Maintenance Lighting
Streetlight Leasing Shared Bike Maintenance Dog Park
Parks Maintenance & Repairs Trail Maintenance
Trailhead Maintenance Mailbox Maintenance	
$	
906.71
2,588.93
375.00
-
- 11,203.00
72,703.00
500.00
22,964.06
25,303.00

27,063.00
39,150.00
51,693.57
35,365.69
19,548.96
27,475.67
39,720.00
9,550.00
37,051.25
10,859.48
2,194.14
205.00
16,986.25
14,991.15
-
-
-
- 4,880.00
- 11,730.50
- 3,602.36
-
-
-
-		
$	1,250.00
5,250.00
125.00
3,125.00
625.00
3,038.59
20,353.85
500.00
20,000.00
23,750.00

27,063.00
36,750.00
67,043.00
31,140.68
19,548.99
21,275.75
39,720.00
- 50,000.00
25,000.00
2,100.00
1,500.00
40,000.00
2,000.00
1,000.00
25,000.00
50,000.00
18,750.00
11,250.00
3,750.00
10,000.00
3,750.00
3,750.00
3,125.00
1,250.00
1,250.00
125.00		
$	(343.29)
(2,661.07)
250.00
(3,125.00)
(625.00)
8,164.41
52,349.15
- 2,964.06
1,553.00

- 2,400.00
(15,349.43)
4,225.01
(0.03)
6,199.92
- 9,550.00
(12,948.75)
(14,140.52)
94.14
(1,295.00)
(23,013.75)
12,991.15
(1,000.00)
(25,000.00)
(50,000.00)
(18,750.00)
(6,370.00)
(3,750.00)
1,730.50
(3,750.00)
(147.64)
(3,125.00)
(1,250.00)
(1,250.00)
(125.00)		
$	5,000.00
21,000.00
500.00
12,500.00
2,500.00
12,154.35
81,415.40
2,000.00
80,000.00
95,000.00

108,252.00
147,000.00
268,172.00
124,562.70
78,195.95
85,103.00
158,880.00
- 200,000.00
100,000.00
8,400.00
6,000.00
160,000.00
8,000.00
4,000.00
100,000.00
200,000.00
75,000.00
45,000.00
15,000.00
40,000.00
15,000.00
15,000.00
12,500.00
5,000.00
5,000.00
500.00		
18.13%
12.33%
75.00%
0.00%
0.00%
92.17%
89.30%
25.00%
28.71%
26.63%

25.00%
26.63%
19.28%
28.39%
25.00%
32.29%
25.00%

18.53%
10.86%
26.12%
3.42%
10.62%
187.39%
0.00%
0.00%
0.00%
0.00%
10.84%
0.00%
29.33%
0.00%
24.02%
0.00%
0.00%
0.00%
0.00%	
Total Field Operations	$	488,610.72		$	574,158.86		$	(85,548.14)		$ 2,296,635.40		21.28%	

YTD Actual		YTD Budget		YTD Variance		FY 2026
Adopted Budget		Percentage Variance	
Brightwood Pavilion - Amenity											
Clubhouse Electric	$	3,273.79		$	3,750.00		$	(476.21)		$	15,000.00		21.83%	
Clubhouse Water		4,321.30		17,500.00		(13,178.70)		70,000.00		6.17%	
Amenity - Cable TV / Internet / Wi-Fi		2,144.63		2,500.00		(355.37)		10,000.00		21.45%	
Amenity - Irrigation Repairs		348.93		2,250.00		(1,901.07)		9,000.00		3.88%	
Amenity - Pool Maintenance		4,950.00		5,321.25		(371.25)		21,285.00		23.26%	
Amenity - Cleaning		6,052.66		6,750.00		(697.34)		27,000.00		22.42%	
Amenity - Pest Control		490.00		625.00		(135.00)		2,500.00		19.60%	
Amenity - Fitness Equipment Leasing		11,304.25		6,848.55		4,455.70		27,394.20		41.27%	
Amenity - Security Monitoring		1,628.33		1,350.00		278.33		5,400.00		30.15%	
Amenity - Firepits		-		1,500.00		(1,500.00)		6,000.00		0.00%	
Amenity - Capital outlay		-		16,250.00		(16,250.00)		65,000.00		0.00%	
Amenity - Miscellaneous		-		3,750.00		(3,750.00)		15,000.00		0.00%	
Amenity - Pool equipment		650.00		1,750.00		(1,100.00)		7,000.00		9.29%	
Amenity - A/C Maintenance and Equipment		-		375.00		(375.00)		1,500.00		0.00%	
Amenity - Playground Maintenance		-		2,500.00		(2,500.00)		10,000.00		0.00%	
Amenity - Streetlight Leasing		15,959.22		17,500.00		(1,540.78)		70,000.00		22.80%	
Amenity - Access Control Maintenance		-		375.00		(375.00)		1,500.00		0.00%	
Total Brightwood Pavilion - Amenity Expenses	$	51,123.11		$	90,894.80		$	(39,771.69)		$  363,579.20		14.06%	
Riverfield Verandah - Amenity											
Clubhouse Electric	$	1,712.57		$	2,250.00		$	(537.43)		$	9,000.00		19.03%	
Clubhouse Water		2,795.90		1,500.00		1,295.90		6,000.00		46.60%	
Amenity - Cable TV / Internet / Wi-Fi		2,994.41		3,000.00		(5.59)		12,000.00		24.95%	
Amenity - Irrigation Repairs		-		1,875.00		(1,875.00)		7,500.00		0.00%	
Amenity - Pool Maintenance		3,847.80		4,137.50		(289.70)		16,550.00		23.25%	
Amenity - Cleaning		5,441.17		5,750.00		(308.83)		23,000.00		23.66%	
Amenity - Pest Control		560.00		500.00		60.00		2,000.00		28.00%	
Amenity - Security Monitoring		1,628.33		2,600.00		(971.67)		10,400.00		15.66%	
Amenity - Gate Access and Maintenance		9,511.16		1,500.00		8,011.16		6,000.00		158.52%	
Amenity - Capital outlay		-		6,250.00		(6,250.00)		25,000.00		0.00%	
Amenity - Miscellaneous		-		1,000.00		(1,000.00)		4,000.00		0.00%	
Amenity - Pool Equipment		4,300.00		1,500.00		2,800.00		6,000.00		71.67%	
Amenity - Streetlight Leasing		9,475.41		10,250.00		(774.59)		41,000.00		23.11%	
Amenity - Access Control Maintenance		-		250.00		(250.00)		1,000.00		0.00%	
Total Riverfield Verandah - Amenity Expenses	$	42,266.75		$	42,362.50		$	(95.75)		$  169,450.00		24.94%	

YTD Actual	YTD Budget	YTD Variance	FY 2026
Adopted Budget

Percentage Variance

Camp Creek - Amenity		
Clubhouse Electric	$	8,816.85		$	7,500.00		$	1,316.85		$	30,000.00		29.39%	
Clubhouse Water	162.99		5,000.00		(4,837.01)		20,000.00		0.81%	
Amenity - Cable TV / Internet / Wi-Fi	10,925.75		6,500.00		4,425.75		26,000.00		42.02%	
Amenity - Irrigation Repairs	1,838.22		5,000.00		(3,161.78)		20,000.00		9.19%	
Amenity - Pool Maintenance	8,025.00		5,000.00		3,025.00		20,000.00		40.13%	
Amenity - Cleaning	28,768.83		13,250.00		15,518.83		53,000.00		54.28%	
Amenity - Pest Control	1,455.00		1,500.00		(45.00)		6,000.00		24.25%	
Amenity - Security Monitoring	2,728.14		3,000.00		(271.86)		12,000.00		22.73%	
Amenity - Fire Pits	-		750.00		(750.00)		3,000.00		0.00%	
Amenity - Gate Access and Maintenance	-		625.00		(625.00)		2,500.00		0.00%	
Amenity - Capital Outlay	-		5,000.00		(5,000.00)		20,000.00		0.00%	
Amenity - Miscellaneous	173.29		2,000.00		(1,826.71)		8,000.00		2.17%	
Amenity - Pool Equipment	-		3,500.00		(3,500.00)		14,000.00		0.00%	
Amenity - Office Equipment Leasing	1,697.74		3,000.00		(1,302.26)		12,000.00		14.15%	
Amenity - Bike Pump Park Maintenance	-		250.00		(250.00)		1,000.00		0.00%	
Amenity - Pickleball Maintenance	-		312.50		(312.50)		1,250.00		0.00%	
Amenity - Cost of Goods Sold	-		3,750.00		(3,750.00)		15,000.00		0.00%	
Amenity - Streetlight Leasing	2,842.99		2,500.00		342.99		10,000.00		28.43%	
Amenity - Canteen	1,398.49		10,000.00		(8,601.51)		40,000.00		3.50%	
Amenity - Repairs & Maintenance	1,495.18		250.00		1,245.18		1,000.00		149.52%	
Amenity - Dumpster	-		250.00		(250.00)		1,000.00		0.00%	
Amenity - Water Slide Preventative Maintenance	-		1,250.00		(1,250.00)		5,000.00		0.00%	
Amenity - Operations	484.42		3,750.00		(3,265.58)		15,000.00		3.23%	
Total Camp Creek - Amenity Expenses	$	70,812.89		$	83,937.50		$	(13,124.61)		$  335,750.00		21.09%	

Non-County Maintained Roads
Highview Non-County Maintained Roads	

$	

-	$	

-	$	

-	$	

-			
Crescent Creek (4E only) Non-County Maintained Roads Riverfield Non-County Maintained Roads		-
-	-
-	-
-	-
-			
Total Non-County Maintained Roads	$	-	$	-	$	-	$	-			

Total Expenses	$	940,932.68	$ 1,045,482.20	$	(104,549.52)	$ 4,181,928.78	22.50%	

Other Income (Expenses)
Interest Income	

$	2,725.19		

$	7,500.00	$	(4,774.81)		

$	30,000.00		

9.08%	
Total Other Income (Expenses)	$	2,725.19		 
$	7,500.00	$	(4,774.81)		$	30,000.00		9.08%	
Net Income (Loss)	$	403,770.55		 
$	-	$	403,770.55		$	-