Lakes by the Bay South
Community Development District

Unaudited Financial Reporting
June 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 June 30, 2026		
	General Fund	Debt Service Fund	Totals Governmental Funds	

Assets:
Cash:
Operating Account	

$	111,021	

$	-	

$	111,021	
Petty Cash	654	-	654	
Due from General Fund	-	167,607	167,607	
Investments:
State Board of Administration - Surplus	

866,804	

-	

866,804	
State Board of Administration - Field Reserves	232,792	-	232,792	
State Board of Administration - Clubhouse Reserves	194,064	-	194,064	
BankUnited Money Market	1,076,246	-	1,076,246	
Series 2022
Interest	

-	

33	

33	
Revenue	-	436,588	436,588	
Sinking	-	71	71	
Series 2024
Revenue	

-	

255,281	

255,281	
Deposits-Electric	6,000	-	6,000	
Total Assets	$	2,487,581	$	859,580	$	3,347,161	

Liabilities:				
Due to Debt Service	$	167,607	$	-	$	167,607	
Total Liabilities	$	167,606	$	-	$	167,606	

Fund Balance:
Nonspendable:
Deposits	$	6,000
Restricted for:
Debt Service	-	

$	-

859,580	

$	6,000

859,580	
Unassigned	2,313,975	-	2,313,975	
Total Fund Balances	$	2,319,975	$	859,580	$	3,179,555	
				
Total Liabilities & Fund Balance	$	2,487,581	$	859,580	$	3,347,161	

	Adopted	Prorated Budget	Actual		
	Budget	Through 06/30/26	Through 06/30/26	Variance	

Revenues:					
Special Assessments - Tax Roll	$	1,794,376	$	1,794,376	$	1,807,317	$	12,941	
Interest Income	75,000	56,250	63,336	7,086	
Clubhouse Income	30,000	22,500	30,279	7,779	
Other Income	-	-	36,703	36,703	
Total Revenues	$	1,899,376	$	1,873,126	$	1,937,636	$	64,510	

Expenditures:					
General and Administrative:					
Supervisor Fees	$	12,000	$	9,000	$	7,400	$	1,600	
FICA Taxes	918	-	689	566	122	
Engineering	16,000	12,000	3,541	8,459	
Attorney	47,000	35,250	18,658	16,593	
Annual Audit	4,300	4,300	4,300	-	
Assessment Roll Administration	2,000	2,000	2,000	-	
Arbitrage Calculation	1,200	1,200	550	650	
Dissemination Agent	5,500	4,125	4,125	0	
Trustee Fees	7,500	5,625	2,000	3,625	
Management Fees	72,491	54,369	54,368	0	
Website Maintenance	3,600	2,700	2,700	-	
Postage and Delivery	1,500	1,125	1,165	(40)	
Insurance General Liability	16,918	16,918	15,470	1,448	
Printing and Binding	750	563	15	548	
Legal Advertising	1,500	1,125	456	669	
Other Current Charges	1,000	750	810	(60)	
Dues, Licenses and Subscriptions	175	175	175	-	
Total General and Administrative	$	194,352	$	151,913	$	118,331	$	33,581	

Operations and Maintenance					
Field Expenditures
Field Management	

$	32,759	

$	24,570	

$	24,569	

$	0	
Remote Gym and Entrance Road Video Surveillance (DML)	11,940	8,955	8,955	-	
General Maintenance	23,084	17,313	14,481	2,832	
Landscape Maintenance	186,001	139,501	139,501	(0)	
Landscape - Extra to Contract	50,000	37,500	26,913	10,587	
11940	-	-	38,502	(38,502)	
Mulch	23,000	23,000	27,802	(4,802)	
Tree Trimming	60,000	60,000	129,951	(69,951)	
Lake Maintenance	9,600	7,200	7,354	(154)	
Contingency	20,000	15,000	-	15,000	
Pressure Washing	20,000	15,000	16,225	(1,225)	
Culvert Cleaning/Inspection	20,000	20,000	51,550	(31,550)	
Holiday Decorations	38,276	38,276	32,193	6,083	
Cleaning Reserve Area	48,280	48,280	86,761	(38,481)	
Subtotal Field Expenditures	$	542,940	$	454,594	$	604,757	$	(150,162)	

	Adopted	Prorated Budget	Actual		
	Budget	Through 06/30/26	Through 06/30/26	Variance	

Security Gate Service Expenditures					
Security (DML)	$	138,000	$	103,500	$	103,500	$	-	
Security-Roving Guard	10,000	7,500	-	7,500	
Enhanced Security	15,000	11,250	-	11,250	
Transponders	8,500	6,375	-	6,375	
Management Fees	24,000	18,000	18,000	-	
Gate Access System Repairs and Maintenance	46,000	34,500	25,941	8,559	
Guardhouse Repairs and Maintenance	5,000	3,750	2,585	1,165	
Electric	4,000	3,000	2,214	786	
Water	1,500	1,125	219	906	
Internet Service	5,000	3,750	3,767	(17)	
Janitorial Services	600	450	450	-	
Subtotal Security Gate Service Expenditures	$	257,600	$	193,200	$	156,676	$	36,524	

Clubhouse Expenditures					
Alarm Monitoring	$	1,200	$	900	$	1,105	$	(205)	
Pool Video and Clubhouse Exterior Camera Surveillance (DML)	23,340	17,505	17,505	-	
Security - Roving Guard	8,000	6,000	1,838	4,163	
Air Conditioning Maint Contract and Repairs	10,000	7,500	11,577	(4,077)	
Fitness Equipment Maintenance and Repairs	8,000	6,000	6,278	(278)	
Electric	42,000	31,500	22,798	8,702	
Property Insurance	53,968	53,968	50,824	3,144	
Flood Insurance	19,039	19,039	18,760	279	
Janitorial Maintenance	60,600	45,450	45,450	-	
Janitorial Supplies	6,000	4,500	5,296	(796)	
Landscape Maintenance	32,508	24,381	24,381	-	
Landscape Replacement	10,000	7,500	-	7,500	
Office Equipment Maintenance	2,000	1,500	1,246	254	
Management Fees	302,304	226,728	226,728	-	
Office Supplies/Clubhouse Supplies	7,500	5,625	3,818	1,807	
Pest Control	1,000	750	585	165	
Pool and Spa Maintenance	39,000	29,250	31,500	(2,250)	
Pool Repairs	20,000	15,000	39,249	(24,249)	
Repairs and Maintenance	60,000	45,000	21,663	23,337	
Special Events	60,000	45,000	61,500	(16,500)	
Cable/Internet	6,300	4,725	4,627	98	
Trash Collection	1,500	1,500	1,442	58	
Water and Sewer	25,000	18,750	27,666	(8,916)	
Window Cleaning/Pressure Cleaning	3,500	2,625	2,053	572	
Holiday Decorations	31,724	31,724	28,025	3,699	
Contingency	10,000	10,000	57,000	(47,000)	
Capital Reserves	60,000	45,000	-	45,000	
Subtotal Clubhouse Expenditures	$	904,483	$	707,420	$	712,913	$	(5,493)	
					
Total Operations and Maintenance	$	1,705,023	$	1,355,214	$	1,474,346	$	(119,131)	
					
Total Expenditures	$	1,899,376	$	1,507,127	$	1,592,677	$	(85,550)	
					
Excess (Deficiency) of Revenues over Expenditures	$	0	$	365,999	$	344,959	$	(21,040)	
					
Fund Balance - Beginning			$	1,975,016		
					
Fund Balance - Ending			$	2,319,975		

Revenues:					
Special Assessments - Tax Roll	$	1,382,295	$	1,382,295	$	1,392,264	$	9,969	
Interest Income	-	-	23,502	23,502	
Total Revenues	$	1,382,295	$	1,382,295	$	1,415,766	$	33,471	

Expenditures:					
Interest - 11/1	$	331,447	$	331,447	$	331,447	$	-	
Interest - 5/1	331,447	331,447	331,447	-	
Principal - 5/1	731,000	731,000	731,000	-	
Total Expenditures	$	1,393,893	$	1,393,893	$	1,393,893	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(11,598)	$	(11,598)	$	21,873	$	33,471	
					
Net Change in Fund Balance	$	(11,598)	$	(11,598)	$	21,873	$	33,471	
					
Fund Balance - Beginning			$	508,260		
					
Fund Balance - Ending			$	530,133		

Revenues:					
Special Assessments - Tax Roll	$	1,097,122	$	1,097,122	$	1,105,034	$	7,912	
Interest Income	1,000	750	17,212	16,462	
Total Revenues	$	1,098,122	$	1,097,872	$	1,122,247	$	24,375	

Expenditures:					
Interest - 11/1	$	197,500	$	197,500	$	197,500	$	-	
Interest - 5/1	197,500	197,500	197,500	-	
Principal - 5/1	710,000	710,000	710,000	-	
Total Expenditures	$	1,105,000	$	1,105,000	$	1,105,000	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(6,878)	$	(7,128)	$	17,247	$	24,375	
					
Net Change in Fund Balance	$	(6,878)	$	(7,128)	$	17,247	$	24,375	
					
Fund Balance - Beginning			$	312,199		
					
Fund Balance - Ending			$	329,446		

	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  $	18,555  $	43,928	$	-	$	-	$	-	$ 1,807,317	
Interest Income	5,897	4,722	5,643	8,475	7,618	8,444	7,772	7,647	7,118	-	-	-	63,336	
Clubhouse Income	-	14,690	-	-	5,006	715	-	3,125	6,743	-	-	-	30,279	
Other Income	1,200	600	-	-	1,894	30,178	-	858	1,973	-	-	-	36,703	
Total Revenues	$	7,097	$ 263,775	$ 1,347,250  $	60,850  $	36,413  $	65,715  $	66,588  $	30,185  $	59,762	$	-	$	-	$	-	$ 1,937,636	

Expenditures:

General and Administrative:

Supervisor Fees	$	1,000	$	1,800	$	-	$	800	$	-	$	800	$	-	$	2,000	$	1,000	$	-	$	-	$	-	$	7,400	
FICA Taxes		77		138		-		61		-		61		-		153		77		-			-			-			566	
Engineering		2,124		-		-		-		439		506		68		405		-		-			-			-			3,541	
Attorney		3,665		2,640		500		3,383		2,365		688		2,833		2,585		-		-			-			-			18,658	
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		458		458		-			-			-			4,125	
Trustee Fees		-		-		-		-		-		-		-		2,000		-		-			-			-			2,000	
Management Fees		6,041		6,041		6,041		6,041		6,041		6,041		6,041		6,041		6,041		-			-			-			54,368	
Website Maintenance		300		300		300		300		300		300		300		300		300		-			-			-			2,700	
Postage and Delivery		177		104		79		90		115		198		171		108		124		-			-			-			1,165	
Insurance General Liability		15,470		-		-		-		-		-		-		-		-		-			-			-			15,470	
Printing and Binding		4		-		-		-		4		4		-		3		-		-			-			-			15	
Legal Advertising		-		-		-		-		-		-		-		456		-		-			-			-			456	
Other Current Charges		100		142		55		50		50		71		136		90		117		-			-			-			810	
Office Supplies		-		-		-		-		-		-		-		-		33		-			-			-			33	
Dues, Licenses and Subscriptions		175		-		-		-		-		-		-		-		-		-			-			-			175	
Total General & Administrative	$	32,140	$	11,623	$	7,433	$	11,183	$	9,771	$	13,426	$	10,006	$	14,599	$	8,149	$		-	$		-	$		-	$	118,331	

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	
$	2,730	
$	2,730	
$	-	
$	-	
$	-	
$  24,569	
Remote Gym and Entrance Road Video Surveillance (DM	995	995	995	995	995	995	995	995	995	-	-	-	8,955	
General Maintenance	954	-	-	988	3,625	3,630	4,934	350	-	-	-	-	14,481	
Landscape Maintenance	15,500	15,500	15,500	15,500	15,500	15,500	15,500	15,500	15,500	-	-	-	139,501	
Landscape - Extra to Contract	-	9,263	3,300	-	-	-	5,950	5,300	3,100	-	-	-	26,913	
11940	-	-	-	-	10,200	18,402	3,300	3,300	3,300	-	-	-	38,502	
Mulch	-	27,802	-	-	-	-	-	-	-	-	-	-	27,802	
Tree Trimming	58,075	-	71,876	-	-	-	-	-	-	-	-	-	129,951	
Lake Maintenance	800	800	954	800	800	800	800	800	800	-	-	-	7,354	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Pressure Washing	-	16,225	-	-	-	-	-	-	-	-	-	-	16,225	
Culvert Cleaning/Inspection	2,150	-	-	-	18,500	-	14,800	11,500	4,600	-	-	-	51,550	
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	$  49,009	$  40,475	$  31,025	$	-  $	-  $	-  $ 604,757	

Security Gate Service Expenditures
Security (DML)	

$  11,500	

$  11,500	

$  11,500	

$  11,500	

$  11,500	

$  11,500	

$  11,500	

$  11,500	

$  11,500	

$	-	$	-	$	-	$ 103,500	
Security-Roving Guard	-	-	-	-	-	-	-	-	-	-	-	-	-	
Enhanced Security	-	-	-	-	-	-	-	-	-	-	-	-	-	
Transponders	-	-	-	-	-	-	-	-	-	-	-	-	-	
Management Fees	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	2,000	-	-	-	18,000	
Gate Access System Repairs and Maintenance	1,963	2,149	3,892	2,801	3,707	3,129	2,094	4,232	1,976	-	-	-	25,941	
Guardhouse Repairs and Maintenance	-	-	-	-	-	-	2,585	-	-	-	-	-	2,585	
Electric	266	277	271	207	266	275	324	327	-	-	-	-	2,214	
Water	34	35	39	36	-	-	75	-	-	-	-	-	219	
Internet Service	397	397	417	422	427	427	427	425	426	-	-	-	3,767	
Janitorial Services	50	50	50	50	50	50	50	50	50	-	-	-	450	
Subtotal Security Gate Service Expenditures	$  16,211	$  16,408	$  18,168	$  17,017	$  17,951	$  17,381	$  19,055	$  18,534	$  15,951	$	-  $	-  $	-  $ 156,676	

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

Clubhouse Expenditures																	
Alarm Monitoring	$	270	$	-	$	-	$	270	$	25	$	-	$	270	$	-	$	270  $	-	$	-	$	-	$	1,105	
Pool Video and Clubhouse Exterior Camera Surveillance	1,945	1,945	1,945	1,945	1,945	1,945	1,945	1,945	1,945	-		-		-		17,505	
Security - Roving Guard	-	555	150	-	-	270	195	300	368	-		-		-		1,838	
Air Conditioning Maint Contract and Repairs	606	1,140	490	1,344	646	3,397	1,791	1,672	490	-		-		-		11,577	
Fitness Equipment Maintenance and Repairs	513	905	190	1,079	968	647	190	1,195	590	-		-		-		6,278	
Electric	2,784	2,050	3,024	3,240	2,568	3,235	3,467	2,430	-	-		-		-		22,798	
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	5,050	5,050	-		-		-		45,450	
Janitorial Supplies	758	334	106	800	358	254	1,293	579	815	-		-		-		5,296	
Landscape Maintenance	2,709	2,709	2,709	2,709	2,709	2,709	2,709	2,709	2,709	-		-		-		24,381	
Landscape Replacement	-	-	-	-	-	-	-	-	-	-		-		-		-	
Office Equipment Maintenance	137	148	137	137	137	137	137	137	137	-		-		-		1,246	
Management Fees	25,192	25,192	25,192	25,192	25,192	25,192	25,192	25,192	25,192	-		-		-		226,728	
Office Supplies/Clubhouse Supplies	138	135	365	686	495	508	177	-	1,314	-		-		-		3,818	
Pest Control	65	65	65	65	65	65	65	65	65	-		-		-		585	
Pool and Spa Maintenance	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	3,500	-		-		-		31,500	
Pool Repairs	16,048	6,625	3,576	3,210	-	-	180	5,986	3,624	-		-		-		39,249	
Repairs and Maintenance	2,204	851	2,211	1,824	2,369	2,141	2,351	2,383	5,330	-		-		-		21,663	
Special Events	14,141	10,979	8,915	5,547	12,020	390	1,259	3,950	4,300	-		-		-		61,500	
Cable/Internet	417	376	652	440	433	664	548	548	548	-		-		-		4,627	
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	-	-	-	-	-	25,200	-	-		-		-		57,000	
Capital Reserves	-	-	-	-	-	-	-	-	-	-		-		-		-	
Subtotal Clubhouse Expenditures	$ 182,356	$	94,358	$	67,550	$	63,688	$	64,961	$	50,593	$	50,319	$	82,843	$	56,247  $	-  $	-  $	-	$	712,913	
																							
Total Operations & Maintenance	$ 297,027	$ 259,686	$	199,425	$ 109,458	$ 135,262	$ 110,031	$ 118,383	$ 141,852	$ 103,223  $	-  $	-  $	-	$ 1,474,346	
															
Total Expenditures	$ 329,167	$ 271,309	$	206,858	$ 120,641	$ 145,033	$ 123,457	$ 128,389	$ 156,451	$ 111,372  $	-  $	-  $	-	$ 1,592,677	
															
Excess (Deficiency) of Revenues over Expenditures	$ (322,070)	$  (7,534)	$ 1,140,392	$ (59,791)	$ (108,620)	$ (57,742)	$ (61,801)	$ (126,266)	$ (51,610)  $		-  $		-  $		-	$ 344,959	
																	
Net Change in Fund Balance	$ (322,070)	$  (7,534)	$ 1,140,392	$ (59,791)	$ (108,620)	$ (57,742)	$ (61,801)	$ (126,266)	$ (51,610) $		-  $		-  $		-	$ 344,959	

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 (731,000)	
Current Bonds Outstanding	$16,487,000	

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 (710,000)	
Current Bonds Outstanding	$7,190,000	

Total Current Bonds Outstanding	$23,677,000

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	
5/15/26	4/1/26-4/30/26	$44,002.03	$0.00	$440.00	$631.75	44,193.78	18,555.01	14,293.82	11,344.95	44,193.78	
06/12/26	5/1/26-5/31/26	18,989.58	-	189.90	564.00	19,363.68	8,129.95	6,262.90	4,970.83	19,363.68	
06/26/26	6/14/26-6/15/26	81,351.92	-	813.54	4,724.36	85,262.74	35,798.04	27,576.97	21,887.73	85,262.74	
	TOTAL	$	4,501,191.97	$	164,144.06	$	43,372.32	$	10,940.13	$	4,304,615.72	$	1,807,317.10	$  1,392,264.21	$  1,105,034.43	$	4,304,615.74	

$

100.05%
(2,461.75)

Percent Collected Balance Remaining to Collect