Lakes by the Bay South
Community Development District

Unaudited Financial Reporting
April 30, 2026

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2022	

5	
	Debt Service Fund Series 2024	

6-8	
	Month to Month	

9	
	Long Term Debt Report	

10	
	Assessment Receipt Schedule	

	Balance Sheet April 30, 2026		
	General Fund	Debt Service Fund	Totals Governmental Funds	

Assets:
Cash:
Operating Account	

$	142,926	

$	-	

$	142,926	
Petty Cash	654	-	654	
Due from General Fund	-	81,269	81,269	
Investments:
State Board of Administration - Surplus	

960,881	

-	

960,881	
State Board of Administration - Field Reserves	231,313	-	231,313	
State Board of Administration - Clubhouse Reserves	192,831	-	192,831	
BankUnited Money Market	1,070,317	-	1,070,317	
Series 2022
Interest	

-	

331,447	

331,447	
Revenue	-	431,351	431,351	
Sinking	-	731,000	731,000	
Series 2024
Interest	

-	

111	

111	
Revenue	-	1,158,698	1,158,698	
Deposits-Electric	6,000	-	6,000	
Total Assets	$	2,604,922	$	2,733,958	$	5,338,880	

Liabilities:				
Accounts Payable	$	1,968	$	-	$	1,968	
Due to Debt Service	81,269	-	81,269	
Total Liabilities	$	83,238	$	-	$	83,238	

Fund Balance:
Nonspendable:
Deposits	$	6,000	

$	-	$	6,000	
Restricted for: Debt Service	
-	
2,733,958	
2,733,958	
Unassigned	2,515,684	-	2,515,684	
Total Fund Balances	$	2,521,684	$	2,733,958	$	5,255,643	
				
Total Liabilities & Fund Balance	$	2,604,922	$	2,733,958	$	5,338,880	

	Adopted	Prorated Budget	Actual		
	Budget	Through 04/30/26	Through 04/30/26	Variance	

Revenues:					
Special Assessments - Tax Roll	$	1,794,376	$	1,794,376	$	1,744,834	$	(49,542)	
Interest Income	75,000	43,750	48,571	4,821	
Clubhouse Income	30,000	17,500	20,411	2,911	
Other Income	-	-	33,872	33,872	
Total Revenues	$	1,899,376	$	1,855,626	$	1,847,688	$	(7,938)	

Expenditures:					
General and Administrative:					
Supervisor Fees	$	12,000	$	7,000	$	4,400	$	2,600	
FICA Taxes	918	-	536	337	199	
Engineering	16,000	9,333	3,069	6,265	
Attorney	47,000	27,417	13,240	14,177	
Annual Audit	4,300	2,508	4,300	(1,792)	
Assessment Roll Administration	2,000	2,000	2,000	-	
Arbitrage Calculation	1,200	1,200	550	650	
Dissemination Agent	5,500	3,208	3,208	0	
Trustee Fees	7,500	4,375	-	4,375	
Management Fees	72,491	42,287	42,286	0	
Website Maintenance	3,600	2,100	2,100	-	
Postage and Delivery	1,500	875	839	36	
Insurance General Liability	16,918	16,918	15,470	1,448	
Printing and Binding	750	438	11	426	
Legal Advertising	1,500	875	-	875	
Other Current Charges	1,000	583	604	(21)	
Dues, Licenses and Subscriptions	175	175	175	-	
Total General and Administrative	$	194,352	$	121,828	$	92,589	$	29,238	

Operations and Maintenance					
Field Expenditures
Field Management	

$	32,759	

$	19,110	

$	19,109	

$	0	
Remote Gym and Entrance Road Video Surveillance (DML)	14,700	8,575	6,965	1,610	
General Maintenance	23,084	13,466	14,131	(665)	
Landscape Maintenance	186,001	108,501	108,501	(0)	
Landscape - Extra to Contract	50,000	29,167	18,513	10,653	
SFWMD Buffer Area Maintenance	-	-	31,902	(31,902)	
Mulch	23,000	23,000	27,802	(4,802)	
Tree Trimming	60,000	60,000	129,951	(69,951)	
Lake Maintenance	9,600	5,600	5,754	(154)	
Contingency	20,000	11,667	-	11,667	
Pressure Washing	20,000	11,667	16,225	(4,558)	
Culvert Cleaning/Inspection	20,000	20,000	20,650	(650)	
Holiday Decorations	38,276	38,276	32,193	6,083	
Cleaning Reserve Area	48,280	48,280	86,761	(38,481)	
Subtotal Field Expenditures	$	545,700	$	397,307	$	518,457	$	(121,150)	

	Adopted	Prorated Budget	Actual		
	Budget	Through 04/30/26	Through 04/30/26	Variance	

Security Gate Service Expenditures					
Security (DML)	$	138,000	$	80,500	$	80,500	$	-	
Security-Roving Guard	10,000	5,833	-	5,833	
Enhanced Security	15,000	8,750	-	8,750	
Transponders	8,500	4,958	-	4,958	
Management Fees	24,000	14,000	14,000	-	
Gate Access System Repairs and Maintenance	46,000	26,833	19,734	7,099	
Guardhouse Repairs and Maintenance	5,000	2,917	2,585	331	
Electric	4,000	2,333	1,562	771	
Water	1,500	875	219	656	
Internet Service	5,000	2,917	2,916	1	
Janitorial Services	600	350	350	-	
Subtotal Security Gate Service Expenditures	$	257,600	$	150,267	$	121,866	$	28,400	

Clubhouse Expenditures					
Alarm Monitoring	$	1,200	$	700	$	835	$	(135)	
Pool Video and Clubhouse Exterior Camera Surveillance (DML)	23,340	13,615	13,615	-	
Security - Roving Guard	8,000	4,667	1,170	3,497	
Air Conditioning Maint Contract and Repairs	10,000	5,833	9,415	(3,582)	
Fitness Equipment Maintenance and Repairs	8,000	4,667	4,492	174	
Electric	42,000	24,500	16,902	7,598	
Property Insurance	53,968	53,968	50,824	3,144	
Flood Insurance	19,039	19,039	18,760	279	
Janitorial Maintenance	60,600	35,350	35,350	-	
Janitorial Supplies	6,000	3,500	3,902	(402)	
Landscape Maintenance	32,508	18,963	18,963	-	
Landscape Replacement	10,000	5,833	-	5,833	
Office Equipment Maintenance	2,000	1,167	971	195	
Management Fees	302,304	176,344	176,344	-	
Office Supplies/Clubhouse Supplies	7,500	4,375	2,327	2,048	
Pest Control	1,000	583	455	128	
Pool and Spa Maintenance	39,000	22,750	24,500	(1,750)	
Pool Repairs	20,000	11,667	29,639	(17,972)	
Repairs and Maintenance	60,000	35,000	12,586	22,414	
Special Events	60,000	35,000	57,340	(22,340)	
Cable/Internet	6,300	3,675	3,530	145	
Trash Collection	1,500	1,500	1,442	58	
Water and Sewer	25,000	14,583	27,666	(13,083)	
Window Cleaning/Pressure Cleaning	3,500	2,042	2,053	(11)	
Holiday Decorations	31,724	31,724	28,025	3,699	
Contingency	10,000	10,000	31,800	(21,800)	
Capital Reserves	60,000	35,000	-	35,000	
Subtotal Clubhouse Expenditures	$	904,483	$	576,045	$	572,906	$	3,139	
					
Total Operations and Maintenance	$	1,707,783	$	1,123,618	$	1,213,229	$	(89,610)	
					
Total Expenditures	$	1,902,136	$	1,245,446	$	1,305,818	$	(60,372)	
					
Excess (Deficiency) of Revenues over Expenditures	$	(2,760)	$	610,180	$	541,870	$	(68,310)	
					
Fund Balance - Beginning			$	1,979,814		
					
Fund Balance - Ending			$	2,521,685		

Revenues:					
Special Assessments - Tax Roll	$	1,382,295	$	1,382,295	$	1,344,131	$	(38,164)	
Interest Income	-	-	18,161	18,161	
Total Revenues	$	1,382,295	$	1,382,295	$	1,362,292	$	(20,003)	

Expenditures:					
Interest - 11/1	$	331,447	$	331,447	$	331,447	$	-	
Interest - 5/1	331,447	-	-	-	
Principal - 5/1	731,000	-	-	-	
Total Expenditures	$	1,393,893	$	331,447	$	331,447	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(11,598)	$	1,050,849	$	1,030,845	$	(20,003)	
					
Net Change in Fund Balance	$	(11,598)	$	1,050,849	$	1,030,845	$	(20,003)	
					
Fund Balance - Beginning			$	508,260		
					
Fund Balance - Ending			$	1,539,105		

Revenues:					
Special Assessments - Tax Roll	$	1,097,122	$	1,097,122	$	1,066,831	$	(30,291)	
Interest Income	1,000	583	13,322	12,738	
Total Revenues	$	1,098,122	$	1,097,705	$	1,080,153	$	(17,553)	

Expenditures:					
Interest - 11/1	$	197,500	$	197,500	$	197,500	$	-	
Interest - 5/1	197,500	-	-	-	
Principal - 5/1	710,000	-	-	-	
Total Expenditures	$	1,105,000	$	197,500	$	197,500	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(6,878)	$	900,205	$	882,653	$	(17,553)	
					
Net Change in Fund Balance	$	(6,878)	$	900,205	$	882,653	$	(17,553)	
					
Fund Balance - Beginning			$	312,199		
					
Fund Balance - Ending			$	1,194,852		

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Special Assessments - Tax Roll	$	-	$ 243,763	$ 1,341,608  $	52,375  $	21,895  $	26,378  $	58,815	$	-	$	-	$	-	$	-	$	-	$ 1,744,834	
Interest Income	5,897	4,722	5,643	8,475	7,618	8,444	7,772	-	-	-	-	-	48,571	
Clubhouse Income	-	14,690	-	-	5,006	715	-	-	-	-	-	-	20,411	
Other Income	1,200	600	-	-	1,894	30,178	-	-	-	-	-	-	33,872	
Total Revenues	$	7,097	$ 263,775	$ 1,347,250  $	60,850  $	36,413  $	65,715  $	66,588	$	-	$	-	$	-	$	-	$	-	$ 1,847,688	

Expenditures:

General and Administrative:

Supervisor Fees	$	1,000	$	1,800	$	-	$	800	$	-	$	800	$	-	$	-	$	-	$	-	$	-	$	-	$	4,400	
FICA Taxes	77	138	-	61	-	61	-	-	-	-	-	-	337	
Engineering	2,124	-	-	-	439	506	-	-	-	-	-	-	3,069	
Attorney	3,665	2,640	500	3,383	2,365	688	-	-	-	-	-	-	13,240	
Annual Audit	-	-	-	-	-	4,300	-	-	-	-	-	-	4,300	
Assessment Roll Administration	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	
Arbitrage Calculation	550	-	-	-	-	-	-	-	-	-	-	-	550	
Dissemination Agent	458	458	458	458	458	458	458	-	-	-	-	-	3,208	
Trustee Fees	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	6,041	6,041	6,041	6,041	6,041	6,041	6,041	-	-	-	-	-	42,286	
Website Maintenance	300	300	300	300	300	300	300	-	-	-	-	-	2,100	
Postage and Delivery	177	104	79	90	115	198	77	-	-	-	-	-	839	
Insurance General Liability	15,470	-	-	-	-	-	-	-	-	-	-	-	15,470	
Printing and Binding	4	-	-	-	4	4	-	-	-	-	-	-	11	
Legal Advertising	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Current Charges	100	142	55	50	50	71	136	-	-	-	-	-	604	
Dues, Licenses and Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	

Total General & Administrative	$  32,140  $  11,623  $	7,433  $  11,183  $	9,771  $  13,426  $	7,012  $	-  $	-  $	-  $	-  $	-  $  92,589

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Operations & Maintenance

Field Expenditures
Field Management	$	2,730  $	2,730  $	2,730  $	2,730  $	2,730	$	2,730	$	2,730	$	-	$	-	$	-	$	-	$	-	$  19,109	
Remote Gym and Entrance Road Video Surveillance (DM	995	995	995	995	995	995	995	-	-	-	-	-	6,965	
General Maintenance	954	-	-	988	3,625	3,630	4,934	-	-	-	-	-	14,131	
Landscape Maintenance	15,500	15,500	15,500	15,500	15,500	15,500	15,500	-	-	-	-	-	108,501	
Landscape - Extra to Contract	-	9,263	3,300	-	-	-	5,950	-	-	-	-	-	18,513	
SFWMD Buffer Area Maintenance	-	-	-	-	10,200	18,402	3,300	-	-	-	-	-	31,902	
Mulch	-	27,802	-	-	-	-	-	-	-	-	-	-	27,802	
Tree Trimming	58,075	-	71,876	-	-	-	-	-	-	-	-	-	129,951	
Lake Maintenance	800	800	954	800	800	800	800	-	-	-	-	-	5,754	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Pressure Washing	-	16,225	-	-	-	-	-	-	-	-	-	-	16,225	
Culvert Cleaning/Inspection	2,150	-	-	-	18,500	-	-	-	-	-	-	-	20,650	
Reserves	-	-	-	-	-	-	-	-	-	-	-	-	-	
Holiday Decorations	16,301	-	8,151	7,741	-	-	-	-	-	-	-	-	32,193	
Cleaning Reserve Area	954	75,606	10,200	-	-	-	-	-	-	-	-	-	86,761	
Subtotal Field Expenditures	$  98,460	$ 148,921	$ 113,707	$  28,753	$  52,350	$  42,056	$  34,209	$	-  $	-  $	-  $	-  $	-  $ 518,457	

Security Gate Service Expenditures
Security (DML)	

$  11,500	

$  11,500	

$  11,500	

$  11,500	

$  11,500	

$  11,500	

$  11,500	

$	-	$	-	$	-	$	-	$	-	$  80,500	
Security-Roving Guard	-	-	-	-	-	-	-	-	-	-	-	-	-	
Enhanced Security	-	-	-	-	-	-	-	-	-	-	-	-	-	
Transponders	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	2,000	2,000	2,000	2,000	2,000	2,000	2,000	-	-	-	-	-	14,000	
Gate Access System Repairs and Maintenance	1,963	2,149	3,892	2,801	3,707	3,129	2,094	-	-	-	-	-	19,734	
Guardhouse Repairs and Maintenance	-	-	-	-	-	-	2,585	-	-	-	-	-	2,585	
Electric	266	277	271	207	266	275	-	-	-	-	-	-	1,562	
Water	34	35	39	36	-	-	75	-	-	-	-	-	219	
Internet Service	397	397	417	422	427	427	427	-	-	-	-	-	2,916	
Janitorial Services	50	50	50	50	50	50	50	-	-	-	-	-	350	
Subtotal Security Gate Service Expenditures	$  16,211	$  16,408	$  18,168	$  17,017	$  17,951	$  17,381	$  18,731	$	-  $	-  $	-  $	-  $	-  $ 121,866	

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Clubhouse Expenditures																			
Alarm Monitoring	$	270	$	-	$	-	$	270	$	25	$	-	$	270  $	-	$	-	$	-	$	-	$	-	$	835	
Pool Video and Clubhouse Exterior Camera Surveillance	1,945	1,945	1,945	1,945	1,945	1,945	1,945	-		-		-		-		-		13,615	
Security - Roving Guard	-	555	150	-	-	270	195	-		-		-		-		-		1,170	
Air Conditioning Maint Contract and Repairs	606	1,140	490	1,344	646	3,397	1,791	-		-		-		-		-		9,415	
Fitness Equipment Maintenance and Repairs	513	905	190	1,079	968	647	190	-		-		-		-		-		4,492	
Electric	2,784	2,050	3,024	3,240	2,568	3,235	-	-		-		-		-		-		16,902	
Property Insurance	50,824	-	-	-	-	-	-	-		-		-		-		-		50,824	
Flood Insurance	18,760	-	-	-	-	-	-	-		-		-		-		-		18,760	
Janitorial Maintenance	5,050	5,050	5,050	5,050	5,050	5,050	5,050	-		-		-		-		-		35,350	
Janitorial Supplies	758	334	106	800	358	254	1,293	-		-		-		-		-		3,902	
Landscape Maintenance	2,709	2,709	2,709	2,709	2,709	2,709	2,709	-		-		-		-		-		18,963	
Landscape Replacement	-	-	-	-	-	-	-	-		-		-		-		-		-	
Office Equipment Maintenance	137	148	137	137	137	137	137	-		-		-		-		-		971	
Management Fees	25,192	25,192	25,192	25,192	25,192	25,192	25,192	-		-		-		-		-		176,344	
Office Supplies/Clubhouse Supplies	138	135	365	686	495	508	-	-		-		-		-		-		2,327	
Pest Control	65	65	65	65	65	65	65	-		-		-		-		-		455	
Pool and Spa Maintenance	3,500	3,500	3,500	3,500	3,500	3,500	3,500	-		-		-		-		-		24,500	
Pool Repairs	16,048	6,625	3,576	3,210	-	-	180	-		-		-		-		-		29,639	
Repairs and Maintenance	2,204	851	2,211	1,824	2,369	2,141	986	-		-		-		-		-		12,586	
Special Events	14,141	11,161	8,915	5,547	2,548	12,020	3,008	-		-		-		-		-		57,340	
Cable/Internet	417	376	652	440	433	664	548	-		-		-		-		-		3,530	
Trash Collection	-	-	1,442	-	-	-	-	-		-		-		-		-		1,442	
Water and Sewer	21,674	-	-	-	5,992	-	-	-		-		-		-		-		27,666	
Window Cleaning/Pressure Cleaning	-	-	1,076	-	489	489	-	-		-		-		-		-		2,053	
Holiday Decorations	14,620	-	6,756	6,649	-	-	-	-		-		-		-		-		28,025	
Contingency	-	31,800	-	-	-	-	-	-		-		-		-		-		31,800	
Capital Reserves	-	-	-	-	-	-	-	-		-		-		-		-		-	
Subtotal Clubhouse Expenditures	$ 182,356	$	94,540	$	67,550	$	63,688	$	55,489	$	62,223	$	47,060  $	-  $	-  $	-  $	-  $	-	$	572,906	
																					
Total Operations & Maintenance	$ 297,027	$ 259,869	$	199,425	$ 109,458	$ 125,790	$ 121,661	$ 100,000  $	-  $	-  $	-  $	-  $	-	$ 1,213,229	
															
Total Expenditures	$ 329,167	$ 271,492	$	206,858	$ 120,641	$ 135,561	$ 135,087	$ 107,012  $	-  $	-  $	-  $	-  $	-	$ 1,305,818	
															
Excess (Deficiency) of Revenues over Expenditures	$ (322,070)	$  (7,717)	$ 1,140,392	$ (59,791)	$ (99,148)	$ (69,372)	$ (40,424)  $		-  $		-  $		-  $		-  $		-	$ 541,871	
																			
Net Change in Fund Balance	$ (322,070)	$  (7,717)	$ 1,140,392	$ (59,791)	$ (99,148)	$ (69,372)	$ (40,424) $		-  $		-  $		-  $		-  $		-	$ 541,871	

Lakes by the Bay South
Community Development District Long Term Debt Report

Original Amount:

Interest Rate: Maturity Date:

Bonds Outstanding - 9/30/25 Less:	Series 2022, Special Assessment Refunding Bonds

$19,254,000

3.85%
5/1/2042

May 1, 2026 (Mandatory)	

$17,218,000
-	
Current Bonds Outstanding	$17,218,000	

Original Amount:

Interest Rate: Maturity Date:

Bonds Outstanding - 9/30/25 Less:	Series 2024, Special Assessment Refunding Bonds

$8,585,000

5.00%
5/1/2034

May 1, 2026 (Mandatory)	

$7,900,000
-	
Current Bonds Outstanding	$7,900,000	

Total Current Bonds Outstanding	$25,118,000

Lakes by the Bay South
COMMUNITY DEVELOPMENT DISTRICT

	Gross Assessments	$	1,888,817.16	$  1,455,047.67	$  1,154,865.39	$	4,498,730.22	
	Net Assessments	$	1,794,376.30	$  1,382,295.29	$  1,097,122.12	$	4,273,793.71	
ON ROLL ASSESSMENTS	
Allocation in %	
41.99%	
32.34%	
25.67%	
100.00%	

Special Assessment Receipts - Miami-Dade County

Date	Distribution	Gross Amount	Discount/ Penalty	Commission	Interest	Net Receipts	O&M Portion	2022 Debt Service	2024 Debt Service	Total	

11/10/25	
10/1/25-10/31/25	
$	16,137.17	
$	640.24	
$	154.96	
$	104.35	
$	15,446.32	
$	6,485.22	
$	4,995.88	
$	3,965.21	
$	15,446.31	
11/17/25	11/1/25-11/10/25	254,383.66	10,175.32	2,442.09	-	241,766.25	101,506.92	78,195.71	62,063.62	241,766.25	
11/25/25	6/1/25-10/31/25	41,552.96	1,996.20	395.57	-	39,161.19	16,442.05	12,666.11	10,053.04	39,161.20	
11/28/25	11/11/25-11/20/25	299,046.96	11,961.83	2,870.85	-	284,214.28	119,328.96	91,924.90	72,960.42	284,214.28	
12/05/25	11/21/25-11/30/25	3,138,063.58	125,518.87	30,125.45	83.04	2,982,502.30	1,252,220.35	964,646.20	765,635.75	2,982,502.30	
12/24/25	12/1/25-12/15/25	223,360.55	8,309.51	2,150.50	-	212,900.54	89,387.49	68,859.53	54,653.53	212,900.55	
01/09/26	12/16/25-12/31/25	125,389.77	3,653.38	1,218.07	70.74	120,589.06	50,629.99	39,002.75	30,956.32	120,589.06	
01/26/26	INTEREST	-	-	-	4,155.39	4,155.39	1,744.66	1,344.00	1,066.73	4,155.39	
02/11/26	1/1/26-1/31/26	53,730.39	1,115.09	526.78	60.53	52,149.05	21,895.07	16,866.84	13,387.14	52,149.05	
03/11/26	2/1/26-2/28/26	64,112.38	703.98	634.61	52.43	62,826.22	26,377.94	20,320.21	16,128.07	62,826.22	
04/17/26	3/1/26-3/31/26	141,071.02	69.64	1,410.00	-	139,591.38	58,608.23	45,148.76	35,834.39	139,591.38	
04/24/26	INTEREST	-	-	-	493.54	493.54	207.22	159.63	126.70	493.55	
	TOTAL	$	4,356,848.44	$	164,144.06	$	41,928.88	$	5,020.02	$	4,155,795.52	$	1,744,834.10	$  1,344,130.52	$  1,066,830.92	$	4,155,795.54	

$

96.85%
141,881.78

Percent Collected Balance Remaining to Collect