Title: North River Ranch ISD July 2026 District Financials
Author: lanea

North River Ranch Improvement SD
Statement of Activities As of 7/31/2026

North River Ranch
Improvement Stewardship District
July 2026 Financial Package

July 31, 2026

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

North River Ranch Improvement SD
Statement of Financial Position
| | | | As of 7/31/2026 | | | | | |

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 Prepaid Expenses Deposits
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)
Debt Service Reserve A1 (Series 2020) Revenue A1, A2 (Series 2020)
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)
Revenue (Series 2023-2) 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 A (Series 2023-2) Debt Service Reserve (Series 2023B) Revenue (Series 2023B)
Prepayment (Series 2023B) Capitalized Interest (Series 2023B)
Accounts Receivable - Due from Developer 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

$

$

772,099.88
1,283.55
36,284.26
12,108.28

821,775.97

$

$

166,056.88
89,069.50
344,615.64
156,801.58
1.79
4,531.22

761,076.61

$

$

224,050.00
200,348.23

424,398.23

$

$

50,636.96
744,942.55
585,244.83
635,232.50
388,045.08
353,867.46
25,816.00
12,139.09
1,080,448.18
14,280.71
0.09
352.34

3,891,005.79

$  775,407.29
42.41
19,504.51
268.56

$  795,222.77

$

$

1,501,967.74
4,973.20

1,506,940.94

$

$

54.28
378.45

432.73

$

$

20,100.39
463.12
15.16
552.77

21,131.44

$
$

724.31
724.31

$

-

$

$

772,099.88
1,283.55
36,284.26
12,108.28
166,056.88
89,069.50
344,615.64
156,801.58
1.79
4,531.22
224,050.00
200,348.23
50,636.96
744,942.55
585,244.83
635,232.50
388,045.08
353,867.46
25,816.00
12,139.09
1,080,448.18
14,280.71
0.09
352.34
775,407.29
42.41
19,504.51
268.56
1,501,967.74
4,973.20
54.28
378.45
20,100.39
463.12
15.16
552.77
724.31
8,222,708.79

| | General | | S19, S19-MG Debt Service | | S20 Debt Service | | North River Ranch Improvement SD Statement of Financial Position As of 7/31/2026 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
Investments Amount Available in Debt Service Funds Amount To Be Provided Total Investments | | | | | | | | | | | | | | | | | | | | | | | | | $	5,821,066.44 | | $  5,821,066.44
| | | | | | | | | | | | | | | | | | | | | | | | 54,863,933.56 | | 54,863,933.56
$ | - | | $ | - | | $ | - | | $ | - | $ | - | $ | - | | $ | - | | $ | - | | $	- | | $  60,685,000.00 | | $ 60,685,000.00
Total Assets | $ | 821,775.97 | | $  761,076.61 | | $  424,398.23 | | $ 3,891,005.79 | | $  795,222.77 | $  1,506,940.94 | | $	432.73 | | $	21,131.44 | | $	724.31 | | $  60,685,000.00 | | $ 68,907,708.79
Liabilities and Net Assets
Current Liabilities | | | | | | | | | | | | | | | | | | | | |
Accounts Payable | $ | 152,879.76 | | | | | | | | | | | | | | | | | | | $	152,879.76
Deferred Revenue | | 1,283.55 | | | | | | | | | | | | | | | | | | | 1,283.55
Accounts Payable | | | | | | | | | | | $  1,501,967.74 | | | | | | | | | | 1,501,967.74
Retainage Payable | | | | | | | | | | | 54,804.40 | | | | | | | | | | 54,804.40
Deferred Revenue | | | | | | | | | | | 1,501,967.74 | | | | | | | | | | 1,501,967.74
Accounts Payable | | | | | | | | | | | | | | | $	7,578.60 | | | | | | 7,578.60
Total Current Liabilities | $ | 154,163.31 | | $	- | | $	- | | $	- | | $	- | $  3,058,739.88 | | $	- | | $	7,578.60 | | $	- | | $	- | | $  3,220,481.79
Long Term Liabilities Revenue Bonds Payable - Long-Term Total Long Term Liabilities | $ | - | | $ | - | | $ | - | | $ | - | $ | - | $ | - | | $ | - | | $ | - | | $	- | | $  60,685,000.00 $  60,685,000.00 | | $ 60,685,000.00 $ 60,685,000.00
Total Liabilities | $ | 154,163.31 | | $ | - | | $ | - | | $ | - | | | $	- | $  3,058,739.88 | | $	- | | $	7,578.60 | | $	- | | $  60,685,000.00 | | $ 63,905,481.79

| | General | | S19, S19-MG Debt Service | | S20 Debt Service | | North River Ranch Improvement SD Statement of Financial Position As of 7/31/2026 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

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

$

(225,686.80)

$

(225,686.80)

| 893,299.46 | | | | | | | | | | | | | | | | | | | 893,299.46
| | | $  841,638.11 | | | | | | | | | | | | | | | | | 841,638.11
| | | (80,561.50) | | | | | | | | | | | | | | | | | (80,561.50)
| | | | | $ 1,125,382.64 | | | | | | | | | | | | | | | 1,125,382.64
| | | | | (700,984.41) | | | | | | | | | | | | | | | (700,984.41)
| | | | | | | $ 5,490,568.38 | | | | | | | | | | | | | 5,490,568.38
| | | | | | | (1,599,562.59) | | | | | | | | | | | | | (1,599,562.59)
| | | | | | | $ 1,257,268.31 | | | | | | | | | | | | | 1,257,268.31
| | | | | | | (462,045.54) | | | | | | | | | | | | | (462,045.54)
| | | | | | | | | $	(176,845.43) | | | | | | | | | | | (176,845.43)
| | | | | | | | | (1,374,953.51) | | | | | | | | | | | (1,374,953.51)
| | | | | | | | | | | $	28,467.72 | | | | | | | | | 28,467.72
| | | | | | | | | | | (28,034.99) | | | | | | | | | (28,034.99)
| | | | | | | | | | | | | $	(90,529.08) | | | | | | | (90,529.08)
| | | | | | | | | | | | | 104,081.92 | | | | | | | 104,081.92
| | | | | | | | | | | | | | | $	(203,755.70) | | | | | (203,755.70)
| | | | | | | | | | | | | | | 204,480.01 | | | | | 204,480.01
$ | 667,612.66 | | $  761,076.61 | | $  424,398.23 | | $ 3,891,005.79	$  795,222.77 | | $ (1,551,798.94) | | $	432.73 | | $	13,552.84 | | $	724.31 | | $	- | | $ | 5,002,227.00
Total Liabilities and Net Assets | $ | 821,775.97 | | $  761,076.61 | | $  424,398.23 | | $ 3,891,005.79 | | $  795,222.77 | | $  1,506,940.94 | | $	432.73 | | $	21,131.44 | | $	724.31 | | $  60,685,000.00 | | $ | 68,907,708.79

 

| | 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 | $ | 2,577,227.10 | | | | | | | | | | $ | 2,577,227.10
Off-Roll Assessments | | 1,566,509.41 | | | | | | | | | | | 1,566,509.41
Developer Contributions | | 0.19 | | | | | | | | | | | 0.19
Other Income & Other Financing Sources | | 104,583.48 | | | | | | | | | | | 104,583.48
Sales Tax Collection Allowance Revenue | | 0.32 | | | | | | | | | | | 0.32
On-Roll Assessments | | | $ 1,002,645.35 | | | | | | | | | | 1,002,645.35
Inter-Fund Group Transfers In | | | 3.29 | | | | | | | | | | 3.29
On-Roll Assessments | | | | $	445,507.94 | | | | | | | | | 445,507.94
On-Roll Assessments | | | | | $	661,458.36 | | | | | | | | 661,458.36
Off-Roll Assessments | | | | | 732,005.11 | | | | | | | | 732,005.11
Other Assessments | | | | | 3,824,324.71 | | | | | | | | 3,824,324.71
Other Assessments | | | | | | $	290,258.06 | | | | | | | 290,258.06
Developer Contributions | | | | | | | $	6,110,805.47 | | | | | | 6,110,805.47
Inter-Fund Transfers In | | | | | | | 85,290.82 | | | | | | 85,290.82
Other Income & Other Financing Sources | | | | | | | | $	3,327.75 | | | | | 3,327.75
Inter-Fund Group Transfers In | | | | | | | | 25,215.74 | | | | | 25,215.74
Other Income & Other Financing Sources | | | | | | | | | $	87,241.65 | | | | 87,241.65
Inter-Fund Transfers In | | | | | | | | | 325,544.11 | | | | 325,544.11
Inter-Fund Transfers In | | | | | | | | | | $	206,437.53 | | | 206,437.53
Total Revenues | $ | 4,248,320.50 | $ 1,002,648.64 | $	445,507.94 | $  5,217,788.18 | $	290,258.06 | $	6,196,096.29 | $	28,543.49 | $	412,785.76 | $	206,437.53 | $	- | $ | 18,048,386.39
Expenses | | | | | | | | | | | | |
Supervisor Fees | $ | 10,000.00 | | | | | | | | | | $ | 10,000.00
Public Officials' Liability Insurance | | 11,203.00 | | | | | | | | | | | 11,203.00
Trustee Services | | 31,551.25 | | | | | | | | | | | 31,551.25
District Management | | 67,083.30 | | | | | | | | | | | 67,083.30
Field Management | | 35,000.00 | | | | | | | | | | | 35,000.00
Engineering | | 70,909.88 | | | | | | | | | | | 70,909.88
Disclosure | | 22,500.00 | | | | | | | | | | | 22,500.00
District Counsel | | 28,601.74 | | | | | | | | | | | 28,601.74
Assessment Administration | | 25,000.00 | | | | | | | | | | | 25,000.00
Reamortization Schedule | | 3,500.00 | | | | | | | | | | | 3,500.00
Tax Preparation | | 96.30 | | | | | | | | | | | 96.30
Travel and Per Diem | | 2,429.97 | | | | | | | | | | | 2,429.97
Telephone | | 2,374.62 | | | | | | | | | | | 2,374.62
Postage & Shipping | | 5,087.25 | | | | | | | | | | | 5,087.25
Copies | | 1,264.75 | | | | | | | | | | | 1,264.75
Legal Advertising | | 2,450.10 | | | | | | | | | | | 2,450.10
Miscellaneous | | 7,968.29 | | | | | | | | | | | 7,968.29
Office Supplies | | 4,704.51 | | | | | | | | | | | 4,704.51
Property Taxes | | 177.31 | | | | | | | | | | | 177.31
Web Site Maintenance | | 2,930.00 | | | | | | | | | | | 2,930.00
Holiday Decorations | | 36,600.00 | | | | | | | | | | | 36,600.00
Help Desk | | 754.50 | | | | | | | | | | | 754.50
Waste Holding Tank Rental | | 7,370.51 | | | | | | | | | | | 7,370.51
Trailer Rental | | 16,921.72 | | | | | | | | | | | 16,921.72
Dues, Licenses, and Fees | | 925.35 | | | | | | | | | | | 925.35
Security | | 40,017.89 | | | | | | | | | | | 40,017.89
Maintenance Staff | | 69,500.00 | | | | | | | | | | | 69,500.00
Lifestyle Staff | | 259,439.84 | | | | | | | | | | | 259,439.84
Resident Services | | 71,475.18 | | | | | | | | | | | 71,475.18
Electric | | 4,312.44 | | | | | | | | | | | 4,312.44

| | 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
Amenity - Electric | $ | 52,321.45 | | | | | | | | | $ | 52,321.45
Amenity - Water | | 39,497.28 | | | | | | | | | | 39,497.28
Water Reclaimed | | 28,599.09 | | | | | | | | | | 28,599.09
Wetlands Monitoring | | 2,000.00 | | | | | | | | | | 2,000.00
Amenity - Cable TV / Internet / Wi-Fi | | 43,667.73 | | | | | | | | | | 43,667.73
Amenity - Landscape Maintenance | | 11,368.00 | | | | | | | | | | 11,368.00
Amenity - Irrigation Repairs | | 10,118.95 | | | | | | | | | | 10,118.95
Amenity - Pool Maintenance | | 56,076.00 | | | | | | | | | | 56,076.00
Amenity - Access Control | | 798.00 | | | | | | | | | | 798.00
Amenity - Janitorial | | 156,189.37 | | | | | | | | | | 156,189.37
Amenity - Pest Control | | 8,255.00 | | | | | | | | | | 8,255.00
Amenity - Fitness Equipment Leasing | | 27,712.20 | | | | | | | | | | 27,712.20
Amenity - Security Monitoring | | 38,433.40 | | | | | | | | | | 38,433.40
Amenity - Firepits | | 2,687.23 | | | | | | | | | | 2,687.23
Amenity - Gate Access and Maintenance | | 38,081.60 | | | | | | | | | | 38,081.60
Amenity - Capital Outlay | | 42,131.88 | | | | | | | | | | 42,131.88
Amenity - Miscellaneous | | 1,215.55 | | | | | | | | | | 1,215.55
Amenity - Pool Equipment | | 13,998.00 | | | | | | | | | | 13,998.00
Amenity - AC Maintenance and Equipment | | 5,285.78 | | | | | | | | | | 5,285.78
Amenity - Playground Maintenance | | 1,000.00 | | | | | | | | | | 1,000.00
Amenity - Office Equipment Leasing | | 5,039.37 | | | | | | | | | | 5,039.37
Amenity - Streetlight Leasing | | 104,961.09 | | | | | | | | | | 104,961.09
Amenity - Canteen | | 6,772.62 | | | | | | | | | | 6,772.62
Amenity - Repairs & Maintenance | | 19,089.16 | | | | | | | | | | 19,089.16
Amenity - Operations | | 3,577.49 | | | | | | | | | | 3,577.49
General Insurance | | 11,203.00 | | | | | | | | | | 11,203.00
Property & Casualty Insurance | | 72,703.00 | | | | | | | | | | 72,703.00
Other Insurance | | 500.00 | | | | | | | | | | 500.00
Irrigation | | 72,362.39 | | | | | | | | | | 72,362.39
Lake Maintenance | | 86,653.00 | | | | | | | | | | 86,653.00
Landscaping Maintenance & Material | | 853,781.30 | | | | | | | | | | 853,781.30
Landscape Improvements | | 182,412.85 | | | | | | | | | | 182,412.85
Contingency | | 32,643.44 | | | | | | | | | | 32,643.44
Equipment Repair & Maintenance | | 12,882.28 | | | | | | | | | | 12,882.28
Pest Control | | 1,025.00 | | | | | | | | | | 1,025.00
Mulch | | 272,808.75 | | | | | | | | | | 272,808.75
Monument Maintenance | | 21,352.29 | | | | | | | | | | 21,352.29
Storm Landscape Replacement | | 5,674.00 | | | | | | | | | | 5,674.00
Capital Expenditures | | 1,925.33 | | | | | | | | | | 1,925.33
Street, Sidewalk, Curb Maintenance | | 29,155.00 | | | | | | | | | | 29,155.00
Streetlight Leasing | | 50,747.82 | | | | | | | | | | 50,747.82
Shared Bike Maintenance | | 2,575.00 | | | | | | | | | | 2,575.00
Dog Park | | 13,780.53 | | | | | | | | | | 13,780.53
Trail Maintenance | | 1,750.00 | | | | | | | | | | 1,750.00
Trailhead Maintenance | | 320.00 | | | | | | | | | | 320.00
Developer Loan Repayment | | 107,796.61 | | | | | | | | | | 107,796.61

| | 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
Principal Payments - Series 2019 | | | | $  190,000.00 | | | | | | | | | | | | | | | | | | | | 190,000.00
Principal Payments - Series 2019-MG A1 | | | | 200,000.00 | | | | | | | | | | | | | | | | | | | | 200,000.00
Interest Payments - Series 2019 | | | | 467,977.50 | | | | | | | | | | | | | | | | | | | | 467,977.50
Interest Payments - Series 2019-MG A1 | | | | 250,557.50 | | | | | | | | | | | | | | | | | | | $ | 250,557.50
Principal Payments - Series 2020 A1 | | | | | | $	160,000.00 | | | | | | | | | | | | | | | | | | 160,000.00
Principal Payments - Series 2020 A2 | | | | | | 675,000.00 | | | | | | | | | | | | | | | | | | 675,000.00
Interest Payment - Series 2020 A1 | | | | | | 288,725.00 | | | | | | | | | | | | | | | | | | 288,725.00
Interest Payment - Series 2020 A2 | | | | | | 14,175.00 | | | | | | | | | | | | | | | | | | 14,175.00
Inter-Fund Transfers | | | | | | 25,215.74 | | | | | | | | | | | | | | | | | | 25,215.74
Principal Payments - Series 2023 (1) A1 | | | | | | | | $	155,000.00 | | | | | | | | | | | | | | | | 155,000.00
Principal Payments - Series 2023 (1) A2 | | | | | | | | 4,605,000.00 | | | | | | | | | | | | | | | | 4,605,000.00
Principal Payments - Series 2023 (2) A | | | | | | | | 215,000.00 | | | | | | | | | | | | | | | | 215,000.00
Interest Payments - Series 2023 (1) A1 | | | | | | | | 602,220.00 | | | | | | | | | | | | | | | | 602,220.00
Interest Payments - Series 2023 (1) A2 | | | | | | | | 810,103.13 | | | | | | | | | | | | | | | | 810,103.13
Interest Payments - Series 2023 (2) A | | | | | | | | 544,210.00 | | | | | | | | | | | | | | | | 544,210.00
Principal Payment - Series 2023B | | | | | | | | | | $	10,000.00 | | | | | | | | | | | | | | 10,000.00
Interest Payment - Series 2023B | | | | | | | | | | 766,700.00 | | | | | | | | | | | | | | 766,700.00
Engineering | | | | | | | | | | | | $	631,497.81 | | | | | | | | | | | | 631,497.81
District Counsel | | | | | | | | | | | | 433.09 | | | | | | | | | | | | 433.09
Contingency | | | | | | | | | | | | 6,584,693.30 | | | | | | | | | | | | 6,584,693.30
Inter-Fund Transfers | | | | | | | | | | | | 354,425.61 | | | | | | | | | | | | 354,425.61
Engineering | | | | | | | | | | | | | | $	852.50 | | | | | | | | | | 852.50
Contingency | | | | | | | | | | | | | | 56,293.33 | | | | | | | | | | 56,293.33
Engineering | | | | | | | | | | | | | | | | $	9,729.50 | | | | | | | | 9,729.50
Contingency | | | | | | | | | | | | | | | | 36,629.89 | | | | | | | | 36,629.89
Inter-Fund Transfers Out | | | | | | | | | | | | | | | | 262,850.14 | | | | | | | | 262,850.14
Contingency | | | | | | | | | | | | | | | | | | $	1,976.67 | | | | | | 1,976.67
Total Expenses | $ | 3,395,077.53 | | $ 1,108,535.00 | | $ 1,163,115.74 | | $  6,931,533.13 | | $	776,700.00 | | $	7,571,049.81 | | $	57,145.83 | | $	309,209.53 | | $	1,976.67 | | $	- | | $ | 21,314,343.24
Other Revenues (Expenses) & Gains (Losses) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Interest Income | $ | 40,056.49 | | | | | | | | | | | | | | | | | | | | | $ | 40,056.49
Dividend Income | | | | $	25,324.86 | | | | | | | | | | | | | | | | | | | | 25,324.86
Dividend Income | | | | | | $	16,623.39 | | | | | | | | | | | | | | | | | | 16,623.39
Dividend Income | | | | | | | | $	114,182.36 | | | | | | | | | | | | | | | | 114,182.36
Dividend Income | | | | | | | | | | $	24,396.40 | | | | | | | | | | | | | | 24,396.40
Dividend Income | | | | | | | | | | | | $	0.01 | | | | | | | | | | | | 0.01
Dividend Income | | | | | | | | | | | | | | $	567.35 | | | | | | | | | | 567.35
Dividend Income | | | | | | | | | | | | | | | | $	505.69 | | | | | | | | 505.69
Dividend Income | | | | | | | | | | | | | | | | | | $	19.15 | | | | | | 19.15
Total Other Revenues (Expenses) & Gains (Losses) | $ | 40,056.49 | | $	25,324.86 | | $	16,623.39 | | $	114,182.36 | | $	24,396.40 | | $	0.01 | | $	567.35 | | $	505.69 | | $	19.15 | | $	- | | $ | 221,675.70
Change In Net Assets | $ | 893,299.46 | | $ | (80,561.50) | | $ | (700,984.41) | | $ | (1,599,562.59) | | $ | (462,045.54) | | $ | (1,374,953.51) | | $	(28,034.99) | | $	104,081.92 | | $	204,480.01 | | $ | - | | $ | (3,044,281.15)
Net Assets At Beginning Of Year | $ | (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 | $ | 667,612.66 | | $	761,076.61 | | $	424,398.23 | | $  3,891,005.79 | | $	795,222.77 | | $  (1,551,798.94) | | $	432.73 | | $	13,552.84 | | $	724.31 | | $	- | | $ | 5,002,227.00

| North River Ranch Improvement SD | |
| Budget to Actual | |
| For the Month Ending 7/31/2026 | |
| YTD Actual | YTD Budget | YTD Variance | FY 2026 Revised Adopted Budget | Percentage Variance
Revenues | | |
On-Roll Assessments | $	2,577,227.10 | $ 2,133,849.47 | $	443,377.63 | $ 2,560,619.36 | 100.65%
Off-Roll Assessments | 1,566,509.41 | 1,305,424.52 | 261,084.89 | 1,566,509.42 | 100.00%
Developer Contributions | 0.19 | - | 0.19 | - |
Other Income & Other Financing Sources | 104,583.48 | 20,666.67 | 83,916.81 | 24,800.00 | 421.71%

Sales Tax Collection Allowance Revenue
Net Revenues

0.32

$	4,248,320.50

-

$ 3,459,940.66

0.32

$	788,379.84

-

$ 4,151,928.78

102.32%

Expenditures | | |
General & Administrative Expenses | | |
Supervisor Fees | $	10,000.00 | $	10,000.00 | $	- | $	12,000.00 | 83.33%
Public Officials' Liability Insurance | 11,203.00 | 9,335.83 | 1,867.17 | 11,203.00 | 100.00%
Trustee Services | 31,551.25 | 26,045.83 | 5,505.42 | 31,255.00 | 100.95%
District Management | 67,083.30 | 67,083.33 | (0.03) | 80,500.00 | 83.33%
Field Management | 35,000.00 | 62,500.00 | (27,500.00) | 75,000.00 | 46.67%
Engineering | 70,909.88 | 50,000.00 | 20,909.88 | 60,000.00 | 118.18%
Disclosure | 22,500.00 | 25,000.00 | (2,500.00) | 30,000.00 | 75.00%
District Counsel | 28,601.74 | 18,333.33 | 10,268.41 | 22,000.00 | 130.01%
Assessment Administration | 25,000.00 | 20,833.33 | 4,166.67 | 25,000.00 | 100.00%
Reamortization Schedules | 3,500.00 | 2,083.33 | 1,416.67 | 2,500.00 | 140.00%
Audit | - | 6,250.00 | (6,250.00) | 7,500.00 | 0.00%
Arbitrage Calculation | - | 2,500.00 | (2,500.00) | 3,000.00 | 0.00%
Tax Preparation | 96.30 | 127.10 | (30.80) | 152.52 | 63.14%
Travel and Per Diem | 2,429.97 | 2,500.00 | (70.03) | 3,000.00 | 81.00%
Telephone | 2,374.62 | 1,666.67 | 707.95 | 2,000.00 | 118.73%
Postage & Shipping | 5,087.25 | 2,500.00 | 2,587.25 | 3,000.00 | 169.58%
Copies | 1,264.75 | 833.33 | 431.42 | 1,000.00 | 126.48%
Legal Advertising | 2,450.10 | 4,166.67 | (1,716.57) | 5,000.00 | 49.00%
Miscellaneous | 7,968.29 | 32,616.71 | (24,648.42) | 39,140.00 | 20.36%
Waste Holding Tank Rental | 7,370.51 | - | 7,370.51 | - |
Trailer Rental | 16,921.72 | - | 16,921.72 | - |
Office Supplies | 4,704.51 | 2,500.00 | 2,204.51 | 3,000.00 | 156.82%
Property Taxes | 177.31 | 250.00 | (72.69) | 300.00 | 59.10%
Web Site Maintenance | 2,930.00 | 3,000.00 | (70.00) | 3,600.00 | 81.39%
Holiday Decorations | 36,600.00 | 33,333.33 | 3,266.67 | 40,000.00 | 91.50%
Help Desk | 754.50 | 1,041.67 | (287.17) | 1,250.00 | 60.36%
Dues, Licenses, and Fees | 925.35 | 145.83 | 779.52 | 175.00 | 528.77%
Security | 40,017.89 | 1,666.67 | 38,351.22 | 2,000.00 | 2000.89%
Maintenance Staff | 69,500.00 | 108,333.33 | (38,833.33) | 130,000.00 | 53.46%
Lifestyle Staff | 259,439.84 | 228,751.79 | 30,688.05 | 274,502.15 | 94.51%
Resident Services | 71,475.18 | 66,666.67 | 4,808.51 | 80,000.00 | 89.34%

Developer Loan Repayment

107,796.61

$	945,633.87

89,830.51

$	879,895.26

17,966.10

$	65,738.61

107,796.61

$ 1,055,874.28

100.00%
89.56%

Total General & Administrative Expenses | |

| North River Ranch Improvement SD | |
| Budget to Actual | |
| For the Month Ending 7/31/2026 | |
| YTD Actual | YTD Budget | YTD Variance | FY 2026 Revised Adopted Budget | Percentage Variance
Field Operations | | |
Electric | $	4,312.44 | $	4,166.67 | $	145.77 | $	5,000.00 | 86.25%
Water Reclaimed | 28,599.09 | 33,333.33 | (4,734.24) | 40,000.00 | 71.50%
Wetland Monitoring | 2,000.00 | 416.67 | 1,583.33 | 500.00 | 400.00%
Stormwater - Repair and Maintenance | - | 5,208.33 | (5,208.33) | 6,250.00 | 0.00%
Equipment Rental | - | 2,083.33 | (2,083.33) | 2,500.00 | 0.00%
General Insurance | 11,203.00 | 9,335.83 | 1,867.17 | 11,203.00 | 100.00%
Property & Casualty Insurance | 72,703.00 | 60,585.83 | 12,117.17 | 72,703.00 | 100.00%
Other Insurance | 500.00 | 416.67 | 83.33 | 500.00 | 100.00%
Irrigation | 72,362.39 | 79,166.67 | (6,804.28) | 95,000.00 | 76.17%
Lake Maintenance | 86,653.00 | 83,333.33 | 3,319.67 | 100,000.00 | 86.65%
Landscape Maintenance & Material | | |
Zone 1 - Riverfield TH - Yellowstone | 90,210.00 | 90,210.00 | - | 108,252.00 | 83.33%
Zone 2 - Riverfield SF - Yellowstone | 131,500.00 | 128,500.00 | 3,000.00 | 154,200.00 | 85.28%
Zone 3 - Brightwood - Impact Landscaping & I | 172,311.90 | 179,166.67 | (6,854.77) | 215,000.00 | 80.15%
Zone 4 - Wildleaf - Impact Landscaping & Irrig | 158,127.30 | 141,666.67 | 16,460.63 | 170,000.00 | 93.02%
Zone 5 - Camp Creek - Impact Landscaping & | 65,163.20 | 65,163.29 | (0.09) | 78,195.95 | 83.33%
Zone 6 - Longmeadow - Impact Landscaping & | 77,118.90 | 87,500.00 | (10,381.10) | 105,000.00 | 73.45%
Zone 7 - Crescent Creek - Steadfast Alliance | 132,400.00 | 132,400.00 | - | 158,880.00 | 83.33%
Zone 8 - Phase 2 - Southern Land Services | 26,950.00 | 33,333.33 | (6,383.33) | 40,000.00 | 67.38%
Landscape Improvements / Replacement | 182,412.85 | 166,666.67 | 15,746.18 | 200,000.00 | 91.21%
Contingency | 32,643.44 | 50,000.00 | (17,356.56) | 60,000.00 | 54.41%
Equipment Repair and Maintenance | 12,882.28 | 7,000.00 | 5,882.28 | 8,400.00 | 153.36%
Pest Control | 1,025.00 | 2,500.00 | (1,475.00) | 3,000.00 | 34.17%
Mulch (Zones 1 - 7) | 272,808.75 | 250,000.00 | 22,808.75 | 300,000.00 | 90.94%
Monument Maintenance | 21,352.29 | 20,833.33 | 518.96 | 25,000.00 | 85.41%
Bridge and Boardwalk Maintenance | - | 3,333.33 | (3,333.33) | 4,000.00 | 0.00%
Storm Cleanup | - | 41,666.67 | (41,666.67) | 50,000.00 | 0.00%
Storm Landscape Replacement | 5,674.00 | 83,333.33 | (77,659.33) | 100,000.00 | 5.67%
Capital Expenditures | 1,925.33 | 29,791.67 | (27,866.34) | 35,750.00 | 5.39%
Street, Sidewalk, and Curb Maintenance | 29,155.00 | 25,000.00 | 4,155.00 | 30,000.00 | 97.18%
Streetlight Leasing | 50,747.82 | 42,500.00 | 8,247.82 | 51,000.00 | 99.51%
Shared Bike Maintenance | 2,575.00 | 12,500.00 | (9,925.00) | 15,000.00 | 17.17%
Dog Park | 13,780.53 | 12,500.00 | 1,280.53 | 15,000.00 | 91.87%
Parks Maintenance & Repairs | - | 10,416.67 | (10,416.67) | 12,500.00 | 0.00%
Trail Maintenance | 1,750.00 | 4,166.67 | (2,416.67) | 5,000.00 | 35.00%
Trailhead Maintenance | 320.00 | 4,166.67 | (3,846.67) | 5,000.00 | 6.40%

Mailbox Maintenance
Total Field Operations

-
$	1,761,166.51

416.67

$ 1,902,778.30

(416.67)

$	(141,611.79)

500.00

$ 2,283,333.95

0.00%
77.13%

| North River Ranch Improvement SD | |
| Budget to Actual | |
| For the Month Ending 7/31/2026 | |
| YTD Actual | YTD Budget | YTD Variance | FY 2026 Revised Adopted Budget | Percentage Variance
Brightwood Pavilion - Amenity | | |
Amenity - Electric | $	12,334.52 | $	12,500.00 | $	(165.48) | $	15,000.00 | 82.23%
Amenity - Water | 25,323.49 | 29,166.67 | (3,843.18) | 35,000.00 | 72.35%
Amenity - Cable TV / Internet / Wi-Fi | 8,739.12 | 10,000.00 | (1,260.88) | 12,000.00 | 72.83%
Amenity - Landscape Maintenance | 11,368.00 | - | 11,368.00 | - |
Amenity - Irrigation Repairs | 1,662.14 | 5,833.33 | (4,171.19) | 7,000.00 | 23.74%
Amenity - Pool Maintenance | 16,500.00 | 17,737.50 | (1,237.50) | 21,285.00 | 77.52%
Amenity - Access Control Maintenance | 266.00 | 1,250.00 | (984.00) | 1,500.00 | 17.73%
Amenity - Cleaning | 21,452.35 | 22,500.00 | (1,047.65) | 27,000.00 | 79.45%
Amenity - Pest Control | 2,175.00 | 2,083.33 | 91.67 | 2,500.00 | 87.00%
Amenity - Fitness Equipment Leasing | 27,712.20 | 22,828.50 | 4,883.70 | 27,394.20 | 101.16%
Amenity - Security Monitoring | 7,778.33 | 5,416.67 | 2,361.66 | 6,500.00 | 119.67%
Amenity - Firepits | 2,687.23 | 5,000.00 | (2,312.77) | 6,000.00 | 44.79%
Amenity - Capital outlay | 12,574.21 | 17,951.13 | (5,376.92) | 21,541.35 | 58.37%
Amenity - Miscellaneous | 211.92 | 4,166.67 | (3,954.75) | 5,000.00 | 4.24%
Amenity - Pool equipment | 5,973.00 | 2,500.00 | 3,473.00 | 3,000.00 | 199.10%
Amenity - A/C Maintenance and Equipment | 4,412.78 | 1,250.00 | 3,162.78 | 1,500.00 | 294.19%
Amenity - Playground Maintenance | 1,000.00 | 5,833.33 | (4,833.33) | 7,000.00 | 14.29%
Amenity - Streetlight Leasing | 59,422.00 | 55,833.33 | 3,588.67 | 67,000.00 | 88.69%

Amenity - Repairs & Maintenance
Total Brightwood Pavilion - Amenity

3,793.70
$	225,385.99

-
$	221,850.46

3,793.70

$	3,535.53

-

$	266,220.55

84.66%

Expenses | | |
Riverfield Verandah - Amenity | | |
Amenity - Electric | $	6,443.07 | $	6,666.67 | $	(223.60) | $	8,000.00 | 80.54%
Amenity - Water | 12,841.95 | 18,333.33 | (5,491.38) | 22,000.00 | 58.37%
Amenity - Cable TV / Internet / Wi-Fi | 9,996.01 | 10,000.00 | (3.99) | 12,000.00 | 83.30%
Amenity - Irrigation Repairs | 447.75 | 4,166.67 | (3,718.92) | 5,000.00 | 8.96%
Amenity - Pool Maintenance | 12,826.00 | 13,791.67 | (965.67) | 16,550.00 | 77.50%
Amenity - Access Control Maintenance | 266.00 | 833.33 | (567.33) | 1,000.00 | 26.60%
Amenity - Cleaning | 18,271.10 | 19,166.67 | (895.57) | 23,000.00 | 79.44%
Amenity - Pest Control | 1,435.00 | 1,833.33 | (398.33) | 2,200.00 | 65.23%
Amenity - Security Monitoring | 7,778.33 | 5,833.33 | 1,945.00 | 7,000.00 | 111.12%
Amenity - Gate Access and Maintenance | 38,081.60 | 33,333.33 | 4,748.27 | 40,000.00 | 95.20%
Amenity - Capital Outlay | 17,323.00 | 12,500.00 | 4,823.00 | 15,000.00 | 115.49%
Amenity - Miscellaneous | - | 2,500.00 | (2,500.00) | 3,000.00 | 0.00%
Amenity - Pool Equipment | 5,865.00 | 5,000.00 | 865.00 | 6,000.00 | 97.75%
Amenity - A/C Maintenance and Equipment | 205.00 | - | 205.00 | - |
Amenity - Streetlight Leasing | 35,021.93 | 34,166.67 | 855.26 | 41,000.00 | 85.42%

Amenity - Repairs & Maintenance
Total Riverfield Verandah - Amenity

598.84

$	167,400.58

-

$	168,125.00

598.84

$	(724.42)

-

$	201,750.00

82.97%

Expenses | | |

| North River Ranch Improvement SD | | |
| Budget to Actual | | |
| For the Month Ending 7/31/2026 | | |
| YTD Actual | | YTD Budget | | YTD Variance | | FY 2026 Revised Adopted Budget | Percentage Variance
Camp Creek - Amenity | | | |
Amenity - Electric | $	33,543.86 | | $	33,333.33 | | $	210.53 | | $	40,000.00 | 83.86%
Amenity - Water | 1,331.84 | | 4,166.67 | | (2,834.83) | | 5,000.00 | 26.64%
Amenity - Cable TV / Internet / Wi-Fi | 24,932.60 | | 33,333.33 | | (8,400.73) | | 40,000.00 | 62.33%
Amenity - Irrigation Repairs | 8,009.06 | | 8,333.33 | | (324.27) | | 10,000.00 | 80.09%
Amenity - Pool Maintenance | 26,750.00 | | 27,500.00 | | (750.00) | | 33,000.00 | 81.06%
Amenity - Access Control Maintenance | 266.00 | | - | | 266.00 | | - |
Amenity - Cleaning | 116,465.92 | | 104,166.67 | | 12,299.25 | | 125,000.00 | 93.17%
Amenity - Pest Control | 4,645.00 | | 5,000.00 | | (355.00) | | 6,000.00 | 77.42%
Amenity - Security Monitoring | 22,876.74 | | 13,333.33 | | 9,543.41 | | 16,000.00 | 142.98%
Amenity - Fire Pits | - | | 2,500.00 | | (2,500.00) | | 3,000.00 | 0.00%
Amenity - Gate Access and Maintenance | - | | 2,083.33 | | (2,083.33) | | 2,500.00 | 0.00%
Amenity - Capital Outlay | 12,234.67 | | 8,333.33 | | 3,901.34 | | 10,000.00 | 122.35%
Amenity - Miscellaneous | 1,003.63 | | 4,166.67 | | (3,163.04) | | 5,000.00 | 20.07%
Amenity - Pool Equipment | 2,160.00 | | 8,333.33 | | (6,173.33) | | 10,000.00 | 21.60%
Amenity - A/C Maintenance and Equipment | 668.00 | | - | | 668.00 | | - |
Amenity - Office Equipment Leasing | 5,039.37 | | 6,250.00 | | (1,210.63) | | 7,500.00 | 67.19%
Amenity - Bike Pump Park Maintenance | - | | 833.33 | | (833.33) | | 1,000.00 | 0.00%
Amenity - Pickleball Maintenance | - | | 1,041.67 | | (1,041.67) | | 1,250.00 | 0.00%
Amenity - Cost of Goods Sold | - | | 11,666.67 | | (11,666.67) | | 14,000.00 | 0.00%
Amenity - Streetlight Leasing | 10,517.16 | | 10,000.00 | | 517.16 | | 12,000.00 | 87.64%
Amenity - Canteen | 6,772.62 | | 8,333.33 | | (1,560.71) | | 10,000.00 | 67.73%
Amenity - Repairs & Maintenance | 14,696.62 | | 8,333.33 | | 6,363.29 | | 10,000.00 | 146.97%
Amenity - Dumpster | - | | 833.33 | | (833.33) | | 1,000.00 | 0.00%
Amenity - Water Slide Preventative Maintenance | - | | 2,083.33 | | (2,083.33) | | 2,500.00 | 0.00%
Amenity - Operations | 3,577.49 | | 8,333.33 | | (4,755.84) | | 10,000.00 | 35.77%
| $	295,490.58 | | $	312,291.64 | | $	(16,801.06) | | $	374,750.00 | 78.85%
Total Camp Creek - Amenity Expenses | | | |
Non-County Maintained Roads | | | |
Highview Non-County Maintained Roads | $	- | | $	- | | $	- | | $	- |
Crescent Creek (4E only) Non-County Maintaine | - | | - | | - | | - |
Riverfield Non-County Maintained Roads | - | | - | | - | | - |
Total Non-County Maintained Roads | $	- | | $	- | | $	- | | $	- |
Total Expenses Other Income (Expenses) | $	3,395,077.53 | | $ 3,484,940.66 | | $	(89,863.13) | | $ 4,181,928.78 | 81.18%
Interest Income | $	40,056.49 | | $	25,000.00 | | $	15,056.49 | | $	30,000.00 | 133.52%
Total Other Income (Expenses) | $	40,056.49 | | $	25,000.00 | | $	15,056.49 | | $	30,000.00 | 133.52%
Net Income (Loss) | $	893,299.46 | | $	- | | $	893,299.46 | | $	- |

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