Title: Laurel Road January 2026 District Financials
Author: lanea

Laurel Road
Community Development District
January 2026 Financial Package

January 31, 2026

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

Laurel Road CDD Statement of Financial Position As of 1/31/2026 _General _Fund	Debt Service	Capital Projects | | Long-Term Debt | | | Total
| | | Assets | | | | | | |
Current Assets | | | | | | | | | |
General Checking Account | $	346,373.21 | | | | | | | | $ | 346,373.21
Accounts Receivable | 342.37 | | | | | | | | | 342.37
On-Roll Assessments Receivable | 67,441.04 | | | | | | | | | 67,441.04
Off-Roll Assessments Receivable | 128,796.41 | | | | | | | | | 128,796.41
Prepaid Expenses | 780.23 | | | | | | | | | 780.23
Deposits | 4,350.00 | | | | | | | | | 4,350.00
On-Roll Assessments Receivable | | | $	84,379.41 | | | | | | | 84,379.41
Series 2021A1 Debt Service Reserve | | | 326,871.88 | | | | | | | 326,871.88
Series 2021A2 Debt Service Reserve | | | 62,500.00 | | | | | | | 62,500.00
Series 2021A Revenue | | | 654,172.17 | | | | | | | 654,172.17
Series 2021A2 Interest | | | 1,105.34 | | | | | | | 1,105.34
Series 2021A1 Prepayment | | | 163.66 | | | | | | | 163.66
Series 2021A2 Prepayment | | | 178,663.36 | | | | | | | 178,663.36
Accounts Receivable - Due from Developer | | | | | $	24,536.04 | | | | | 24,536.04
Deposits | | | | | 50.00 | | | | | 50.00
Total Current Assets | $	548,083.26 | | $ 1,307,855.82 | | $	24,586.04 | | $	- | | $ | 1,880,525.12
Investments Amount Available in Debt Service Funds Amount To Be Provided Total Investments | | | | | | | | | $	1,223,476.41 | | $ | 1,223,476.41
| | | | | | | | 13,826,523.59 | | | 13,826,523.59
$ | - | | $ | - | | $	- | | $ 15,050,000.00 | | $ | 15,050,000.00
Total Assets | $	548,083.26 | | $ 1,307,855.82 | | $	24,586.04 | | $ 15,050,000.00 | | $ | 16,930,525.12

Laurel Road CDD

Long-Term Debt | | | Total
| | $ | 15,686.84
| | | 342.37
| | | 67,441.04
| | | 128,796.41
| | | 84,379.41
| | | 18,978.54
| | | 91,992.19
| | | 24,536.04
$	- | | $ | 432,152.84
$ 15,050,000.00 | | $ | 15,050,000.00
$ 15,050,000.00 | | $ | 15,050,000.00
$ 15,050,000.00 | | $ | 15,482,152.84
| | $ | (16,545.33)
| | | (8,195.92)
| | | 126,143.91
| | | 234,413.94
| | | 1,142,003.21
| | | 81,473.20
| | | (99,574.77)
| | | (11,345.96)
$	- | | $ | 1,448,372.28
$ 15,050,000.00 | | $ | 16,930,525.12

Statement of Financial Position As of 1/31/2026

General Fund

Debt Service	Capital Projects Fund		Fund

Liabilities and Net Assets

Current Liabilities

Accounts Payable | $	15,686.84 | | |
Deferred Revenue | 342.37 | | |
Deferred Revenue - On-Roll | 67,441.04 | | |
Deferred Revenue - Off-Roll | 128,796.41 | | |
Deferred Revenue | | | $	84,379.41 |
Accounts Payable | | | | | $	18,978.54
Retainage Payable | | | | | 91,992.19
Deferred Revenue | | | | | 24,536.04
Total Current Liabilities | $	212,266.66 | | $	84,379.41 | | $	135,506.77

Long Term Liabilities

Total Liabilities | $	212,266.66 | | $	84,379.41 | | $	135,506.77

Net Assets
Net Assets, Unrestricted

$	(16,545.33)

Current Year Net Assets, Unrestricted | (8,195.92) | | | |
Net Assets - General Government | 126,143.91 | | | |
Current Year Net Assets - General Government | 234,413.94 | | | |
Net Assets, Unrestricted | | | $ 1,142,003.21 | |

Revenue Bonds Payable - Long-Term Total Long Term Liabilities

81,473.20 | | $ | (99,574.77) (11,345.96)
$	335,816.60 | | $ | 1,223,476.41 | | $ | (110,920.73)
$	548,083.26 | | $ | 1,307,855.82 | | $ | 24,586.04

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

Total Net Assets

Total Liabilities and Net Assets

$	-	$	-	$	-

Laurel Road CDD Statement of Activities As of 1/31/2026
| General Fund | Debt Service Fund | Capital Projects Fund | Long-Term Debt | | Total
Revenues | | | | | |
On-Roll Assessments | $ 454,227.51 | | | | $ | 454,227.51
Off-Roll Assessments | 128,796.41 | | | | | 128,796.41
Other Income & Other Financing Sources | 1,161.55 | | | | | 1,161.55
Inter-Fund Transfers In | (5,557.50) | | | | | (5,557.50)
On-Roll Assessments | | $	568,310.46 | | | | 568,310.46
Other Assessments | | 206,503.25 | | | | 206,503.25
Inter-Fund Group Transfers In | | 1,151.31 | | | | 1,151.31
Developer Contributions | | | $	19,792.75 | | | 19,792.75
Inter-Fund Transfers In | | | 4,406.19 | | | 4,406.19
Total Revenues | $ 578,627.97 | $	775,965.02 | $	24,198.94 | $	- | $ | 1,378,791.93
Expenses | | | | |
Supervisor Fees | $	4,000.00 | | | $ | 4,000.00
Public Officials' Liability Insurance | 2,870.00 | | | | 2,870.00
Trustee Services | 4,246.25 | | | | 4,246.25
Management | 18,500.00 | | | | 18,500.00
Engineering | 1,435.00 | | | | 1,435.00
Disclosure | 250.00 | | | | 250.00
District Counsel | 1,314.00 | | | | 1,314.00
Assessment Administration | 5,500.00 | | | | 5,500.00
Travel and Per Diem | 72.52 | | | | 72.52
Postage & Shipping | 3.69 | | | | 3.69
Legal Advertising | 512.00 | | | | 512.00
Miscellaneous | 85.37 | | | | 85.37
Office Supplies | 28.23 | | | | 28.23
Property Taxes | 78.35 | | | | 78.35
Web Site Maintenance | 940.00 | | | | 940.00
Holiday Decorations | 23,887.30 | | | | 23,887.30
Dues, Licenses, and Fees | 175.00 | | | | 175.00
Lifestyle Staff | 29,057.03 | | | | 29,057.03
Resident Services | 5,050.58 | | | | 5,050.58
Electric | 452.61 | | | | 452.61
Clubhouse Electric | 9,059.91 | | | | 9,059.91

| Laurel Road CDD | | |
| Statement of Activities | | |
| As of 1/31/2026 | | |
| _General _Fund	Debt Service Fund | Capital Projects Fund | Long-Term Debt | Total
Clubhouse Water | $	11,790.88 | | $ | 11,790.88
Water Reclaimed | 1,009.54 | | | 1,009.54
Stormwater Management | 12,037.17 | | | 12,037.17
Wetlands Mitigation | 3,200.00 | | | 3,200.00
Amenity - Telephone | 518.22 | | | 518.22
Amenity - Cable TV / Internet / Wi-Fi | 6,416.67 | | | 6,416.67
Amenity - Landscape Maintenance | 13,181.64 | | | 13,181.64
Amenity - Irrigation Repairs | 960.00 | | | 960.00
Amenity - Pool Maintenance | 6,387.98 | | | 6,387.98
Amenity - Access Control | 3,076.92 | | | 3,076.92
Amenity - Janitorial | 11,534.27 | | | 11,534.27
Amenity - Pest Control | 1,323.55 | | | 1,323.55
Amenity - Fitness Equipment Leasing | 10,110.68 | | | 10,110.68
Amenity - Security | 8,677.62 | | | 8,677.62
Amenity - Office Equipment Leasing | 1,769.56 | | | 1,769.56
Amenity - Capital Outlay | 585.02 | | | 585.02
Amenity - Miscellaneous | 1,349.96 | | | 1,349.96
Amenity - AC Maintenance and Equipment | 1,859.40 | | | 1,859.40
Amenity - Pool Equipment | 16.74 | | | 16.74
Amenity - Gas | 178.93 | | | 178.93
Amenity - Operations | 1,269.42 | | | 1,269.42
Amenity - Fireplaces and Barbecue | 16.65 | | | 16.65
Gate Internet Service | 5,940.62 | | | 5,940.62
General Insurance | 3,508.00 | | | 3,508.00
Property & Casualty Insurance | 36,328.00 | | | 36,328.00
Other Insurance | 500.00 | | | 500.00
Irrigation | 7,870.00 | | | 7,870.00
Lake Maintenance | 9,952.00 | | | 9,952.00
Landscaping Maintenance & Material | 39,194.01 | | | 39,194.01
Landscape Improvements | 9,565.44 | | | 9,565.44
Fertilizer / Pesticides | 4,320.00 | | | 4,320.00
Contingency | 532.00 | | | 532.00
Lake Bank Mowing | 7,944.00 | | | 7,944.00
Gate - Repairs & Maintenance | 225.00 | | | 225.00
Dog Waste Stations | 936.00 | | | 936.00
Capital Expenditures | 8,195.92 | | | 8,195.92

Laurel Road CDD

Statement of Activities As of 1/31/2026

General Fund

Debt Service	Capital Projects Fund		Fund

Long-Term Debt	Total

Street Sweeping | $	2,612.50 | | | | | | $	2,612.50
Streetlights | 12,835.40 | | | | | | 12,835.40
Series 2021 A2 Principal Payments | | | $	435,000.00 | | | | 435,000.00
Series 2021 A1 Interest Payments | | | 198,721.25 | | | | 198,721.25
Series 2021 A2 Interest Payments | | | 69,296.88 | | | | 69,296.88
Engineering | | | | | $	14,285.38 | | 14,285.38
Contingency | | | | | 21,766.32 | | 21,766.32
Total Expenses | $ 355,247.55 | | $	703,018.13 | | $	36,051.70 | | $	-	$ 1,094,317.38

Other Revenues (Expenses) & Gains (Losses)

Interest Income | $	2,837.60 | | | | | | $	2,837.60
Dividend Income | | | $	8,526.31 | | | | 8,526.31
Interest Income | | | | | $	1.89 | | 1.89
Dividend Income | | | | | 504.91 | | 504.91
Total Other Revenues (Expenses) & Gains (Losses) | $	2,837.60 | | $	8,526.31 | | $	506.80 | | $	-	$	11,870.71
Change In Net Assets | $ 226,218.02 | | $	81,473.20 | | $	(11,345.96) | | $	-	$	296,345.26
Net Assets At Beginning Of Year | $ 109,598.58 | | $	1,142,003.21 | | $	(99,574.77) | | $	-	$ 1,152,027.02
Net Assets At End Of Year | $ 335,816.60 | | $	1,223,476.41 | | $	(110,920.73) | | $	-	$ 1,448,372.28

Laurel Road CDD
Budget to Actual
For the Month Ending 1/31/2026

YTD Actual | | | YTD Budget | YTD Variance | Adopted Budget | Percentage
$	454,227.51 | | $ | | 173,889.52 | $  280,337.99 | $  521,668.55 | 87.07%
128,796.41 | | | | 85,864.27 | 42,932.14 | 257,592.82 | 50.00%
1,161.55 | | | | - | 1,161.55 | - |
29,083.33 | | | | 29,083.33 | - | 87,250.00 | 33.33%
$	613,268.80 | | $ | | 288,837.12 | $  324,431.68 | $  866,511.37 | 70.77%
$	4,000.00 | | $ | | 4,000.00 | $	- | $	12,000.00 | 33.33%
2,870.00 | | | | 1,038.07 | 1,831.93 | 3,114.20 | 92.16%
4,246.25 | | | | 1,414.77 | 2,831.48 | 4,244.31 | 100.05%
18,500.00 | | | | 18,500.00 | - | 55,500.00 | 33.33%
- | | | | 5,000.00 | (5,000.00) | 15,000.00 | 0.00%
1,435.00 | | | | 2,000.00 | (565.00) | 6,000.00 | 23.92%
250.00 | | | | 333.33 | (83.33) | 1,000.00 | 25.00%
1,314.00 | | | | 6,666.67 | (5,352.67) | 20,000.00 | 6.57%
5,500.00 | | | | 1,833.33 | 3,666.67 | 5,500.00 | 100.00%
- | | | | 41.67 | (41.67) | 125.00 | 0.00%
- | | | | 1,900.00 | (1,900.00) | 5,700.00 | 0.00%
- | | | | 166.67 | (166.67) | 500.00 | 0.00%
- | | | | 21.08 | (21.08) | 63.24 | 0.00%
72.52 | | | | 166.67 | (94.15) | 500.00 | 14.50%
- | | | | 233.33 | (233.33) | 700.00 | 0.00%
3.69 | | | | 166.67 | (162.98) | 500.00 | 0.74%
512.00 | | | | 1,833.33 | (1,321.33) | 5,500.00 | 9.31%
85.37 | | | | 333.32 | (247.95) | 1,000.00 | 8.54%
28.23 | | | | 166.67 | (138.44) | 500.00 | 5.65%
78.35 | | | | - | 78.35 | - |
940.00 | | | | 1,040.00 | (100.00) | 3,120.00 | 30.13%
23,887.30 | | | | 8,333.33 | 15,553.97 | 25,000.00 | 95.55%
- | | | | 166.67 | (166.67) | 500.00 | 0.00%
175.00 | | | | 58.33 | 116.67 | 175.00 | 100.00%
29,057.03 | | | | 18,098.27 | 10,958.76 | 54,294.80 | 53.52%
5,050.58 | | | | 2,499.47 | 2,551.11 | 7,498.40 | 67.36%
$	98,005.32 | | $ | | 76,011.65 | $	21,993.67 | $  228,034.95 | 42.98%

Revenues
On-Roll Assessments Off-Roll Assessments
Other Income & Other Financing Sources Carryforward Cash
Net Revenues

General & Administrative Expenses
Supervisor Fees
Public Officials' Liability Insurance Trustee Services
Management  Field Management Engineering Disclosure
District Counsel Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Tax Preparation Travel and Per Diem Telephone
Postage & Shipping Legal Advertising Miscellaneous Office Supplies Property Taxes
Web Site Maintenance Holiday Decorations IT Services
Dues, Licenses, and Fees Lifestyle & Maintenance Staff Resident Services
Total General & Administrative Expenses

L | aurel Road CDD | | | | | |
| Budget to Actual | | | | | |
For the Month Ending 1/31/2026
| YTD Actual | YTD Budget | | YTD Variance | | FY 2026 Adopted Budget | | Percentage
Field Expenses (Inside the Gate; SF) | | | | | | |
Electric | $	339.46 | $	2,500.00 | | $	(2,160.54) | | $	7,500.00 | | 4.53%
Water Reclaimed | 757.16 | 1,250.00 | | (492.85) | | 3,750.00 | | 20.19%
Stormwater Management | 12,037.17 | 666.67 | | 11,370.50 | | 2,000.00 | | 601.86%
Wetland Mitigation | 3,200.00 | 3,000.00 | | 200.00 | | 9,000.00 | | 35.56%
Equipment Rental | - | 375.00 | | (375.00) | | 1,125.00 | | 0.00%
Gate Internet Service | 5,940.62 | 666.67 | | 5,273.95 | | 2,000.00 | | 297.03%
General Insurance | 2,631.00 | 951.33 | | 1,679.67 | | 2,854.00 | | 92.19%
Property & Casualty Insurance | 27,246.00 | 5,065.25 | | 22,180.75 | | 15,195.75 | | 179.30%
Other Insurance | 500.00 | - | | 500.00 | | - | |
Irrigation - Repair and Maintenance | 5,902.50 | 6,240.00 | | (337.50) | | 18,720.00 | | 31.53%
Lake Maintenance | 7,464.00 | 6,000.00 | | 1,464.00 | | 18,000.00 | | 41.47%
Landscaping Maintenance & Material | 29,395.51 | 35,444.01 | | (6,048.50) | | 106,332.03 | | 27.65%
Landscape Improvements | 7,174.08 | 5,000.00 | | 2,174.08 | | 15,000.00 | | 47.83%
Fertilizer / Pesticides | 3,240.00 | 4,320.00 | | (1,080.00) | | 12,960.00 | | 25.00%
Contingency | 532.00 | 5,800.00 | | (5,268.00) | | 17,400.00 | | 3.06%
Lake Bank Mowing | 7,944.00 | - | | 7,944.00 | | - | |
Gate - Repairs & Maintenance | 225.00 | 1,166.67 | | (941.67) | | 3,500.00 | | 6.43%
Mulch | - | 1,666.67 | | (1,666.67) | | 5,000.00 | | 0.00%
Storm Cleanup | - | 2,500.00 | | (2,500.00) | | 7,500.00 | | 0.00%
Storm Landscape Replacement | - | 3,750.00 | | (3,750.00) | | 11,250.00 | | 0.00%
Security Monitoring | - | 10,000.00 | | (10,000.00) | | 30,000.00 | | 0.00%
Dog Waste Stations | 936.00 | 936.00 | | - | | 2,808.00 | | 33.33%
Mailbox Maintenance | - | 66.67 | | (66.67) | | 200.00 | | 0.00%
Capital Expenditures | 6,146.94 | 2,500.00 | | 3,646.94 | | 7,500.00 | | 81.96%
Street Sweeping | 2,612.50 | 4,000.00 | | (1,387.50) | | 12,000.00 | | 21.77%
Lighting | - | 250.00 | | (250.00) | | 750.00 | | 0.00%
Streetlights - Leasing | 9,626.55 | 10,080.00 | | (453.45) | | 30,240.00 | | 31.83%
Bike Share Maintenance | - | 833.33 | | (833.33) | | 2,500.00 | | 0.00%
Golf Cart Maintenance | - | 375.00 | | (375.00) | | 1,125.00 | | 0.00%
Total Field Expenses (Inside the Gate; Only SF) | $	133,850.48 | $  115,403.27 | | $	18,447.21 | | $  346,209.78 | | 38.66%
Field Expenses (Outside the Gate; MF) | | | | | | |
Electric | $	113.15 | $	833.33 | | $	(720.18) | | $	2,500.00 | | 4.53%
Water Reclaimed | 252.39 | 416.67 | | (164.29) | | 1,250.00 | | 20.19%
Equipment Rental | - | 125.00 | | (125.00) | | 375.00 | | 0.00%
General Insurance | 877.00 | 317.11 | | 559.89 | | 951.34 | | 92.19%
Property & Casualty Insurance | 9,082.00 | 1,688.42 | | 7,393.58 | | 5,065.25 | | 179.30%
Irrigation - Repair and Maintenance | 1,967.50 | 2,080.00 | | (112.50) | | 6,240.00 | | 31.53%
Lake Maintenance | 2,488.00 | 2,000.00 | | 488.00 | | 6,000.00 | | 41.47%
Landscaping Maintenance & Material | 9,798.50 | 11,814.67 | | (2,016.17) | | 35,444.01 | | 27.65%
Landscape Improvements | 2,391.36 | 1,666.67 | | 724.69 | | 5,000.00 | | 47.83%
Fertilizer / Pesticides | 1,080.00 | 1,440.00 | | (360.00) | | 4,320.00 | | 25.00%
Storm Cleanup | - | 833.33 | | (833.33) | | 2,500.00 | | 0.00%
Storm Landscape Replacement | - | 1,250.00 | | (1,250.00) | | 3,750.00 | | 0.00%
Capital Expenditures | 2,048.98 | 833.33 | | 1,215.65 | | 2,500.00 | | 81.96%
Lighting | - | 83.33 | | (83.33) | | 250.00 | | 0.00%
Streetlights - Leasing | 3,208.85 | 3,360.00 | | (151.15) | | 10,080.00 | | 31.83%
Golf Cart Maintenance | - | 125.00 | | (125.00) | | 375.00 | | 0.00%
Total Field Expenses (Outside the Gate; MF) | $	33,307.73 | $	28,866.86 | | $	4,440.87 | | $	86,600.59 | | 38.46%

Laurel Road CDD
Budget to Actual
For the Month Ending 1/31/2026

| YTD Actual | YTD Budget | YTD Variance | FY 2026 Adopted Budget | Percentage
Vistera - Amenity Expenses | | | | |
Clubhouse Electric | $ | 9,059.91 | $ | 3,333.33 | $ | 5,726.58 | $ | 10,000.00 | 90.60%
Clubhouse Water | 11,790.88 | 5,000.00 | 6,790.88 | 15,000.00 | 78.61%
Amenity - Telephone | 518.22 | 2,920.00 | (2,401.78) | 8,760.00 | 5.92%
Amenity - Cable TV / Internet / Wi-Fi | 6,416.67 | 4,333.33 | 2,083.34 | 13,000.00 | 49.36%
Amenity - Landscape Maintenance | 13,181.64 | 6,666.67 | 6,514.97 | 20,000.00 | 65.91%
Amenity - Irrigation Repairs | 960.00 | 3,333.33 | (2,373.33) | 10,000.00 | 9.60%
Amenity - Pool Maintenance | 6,387.98 | 6,208.00 | 179.98 | 18,624.00 | 34.30%
Amenity - Access Control Maintenance | 3,076.92 | 500.00 | 2,576.92 | 1,500.00 | 205.13%
Amenity - Pool Equipment | 16.74 | 333.33 | (316.59) | 1,000.00 | 1.67%
Amenity - Cleaning | 11,534.27 | 12,866.67 | (1,332.40) | 38,600.00 | 29.88%
Amenity - Pest Control | 1,323.55 | 2,000.00 | (676.45) | 6,000.00 | 22.06%
Amenity - Fitness Equipment Leasing | 10,110.68 | 10,060.68 | 50.00 | 30,182.04 | 33.50%
Amenity - Security Monitoring | 8,677.62 | 2,033.33 | 6,644.29 | 6,100.00 | 142.26%
Amenity - Office Equipment Leasing | 1,769.56 | 1,666.67 | 102.89 | 5,000.00 | 35.39%
Amenity - Capital Outlay | 585.02 | 2,500.00 | (1,914.98) | 7,500.00 | 7.80%
Amenity - Miscellaneous | 1,349.96 | 833.33 | 516.63 | 2,500.00 | 54.00%
Amenity - A/C Maintenance and Equipment | 1,859.40 | 500.00 | 1,359.40 | 1,500.00 | 123.96%
Amenity - Gas | 178.93 | 466.67 | (287.74) | 1,400.00 | 12.78%
Amenity - Operations | 1,269.42 | 2,666.67 | (1,397.25) | 8,000.00 | 15.87%
Amenity - Fireplaces and Barbecue | 16.65 | 333.33 | (316.68) | 1,000.00 | 1.67%
Total Vistera - Amenity Expenses | $ | 90,084.02 | | $ | 68,555.34 | | $ | 21,528.68 | | $ | 205,666.04 | | 43.80%
Total Expenses | $	355,247.55 | $  288,837.12 | $	66,410.43 | $  866,511.36 | 41.00%
Other Revenues (Expenses) & Gains (Losses) | | | | |
Interest Income | $ | 2,837.60 | $ | - | $ | 2,837.60 | $ | -
Total Other Revenues (Expenses) & Gains (Losses) | $ | 2,837.60 | | $ | - | | $ | 2,837.60 | | $ | - |
Net Income (Loss) | $ | 260,858.85 | | $ | - | | $ | 260,858.85 | | $ | - |

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