Lake Ashton Community Development District

Meeting Agenda June 23, 2025

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Lake Ashton
Community Development District
219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 - Fax: 407-839-1526
June 16, 2025
Board of Supervisors Meeting
Lake Ashton Community Development District

Dear Board Members:
The next regular meeting of the Board of Supervisors of the Lake Ashton Community Development District will be held Monday, June 23, 2025 at 9:00 AM at the Lake Ashton Clubhouse Ballroom, 4141 Ashton Club Drive, Lake Wales, FL 33859.
Members of the public may attend the meeting in person or participate in the meeting utilizing the following options from your computer, tablet, or smartphone. To participate using video, please go to the link address below. To participate by telephone, please use the call-in number below and enter the Meeting ID when prompted. Members of the public may make a public comment in-person or via Zoom. All public comments should be limited to 3 minutes. Residents may submit feedback or questions in advance of the Board meeting by email to jburns@gmscfl.com. Those comments received will be distributed to the Board of Supervisors but not read aloud at the meeting during the Public Comment portion.

Zoom Video Link: https://us06web.zoom.us/j/96959231158
Zoom Call-In Information: 1-646-876-9923
Meeting ID: 969 5923 1158
Following is the advance agenda for the meeting:

Board of Supervisors Meeting
Roll Call and Pledge of Allegiance
Approval of Meeting Agenda
Public Comments on Specific Items on the Agenda (All public comments are limited to three
(3) minutes each)
Consideration of Minutes from the May 12, 2025 Board of Supervisors Meeting & May 12, 2025 Audit Committee Meeting
Engineering Report
Old Business
Discussion Regarding Resident Request for Space for Remote Control Model Car Track (requested by Supervisor Costello & Supervisor VanSickle) (tabled from May 12, 2025 Board of Supervisors Meeting)
New Business
Discussion Regarding Non-Payment of Gate Strike Fees (requested by Supervisor VanSickle)

Discussion Regarding the Development of a Joint Strategic Plan Which Would Address Community Wide Issues from a Macro Perspective (requested by Supervisor VanSickle)
Presentation of Engagement Letter & Representative Authorization for Road Widening Project on Thompson Nursery Road from Gray Robinson
Ratification of Fiscal Year 2024 Audit Services Engagement Letter with Berger, Toombs, Elam, Gaines & Frank
Presentation of Fiscal Year 2024 Audit Report
Monthly Reports
Attorney
Lake Ashton Community Director
Consideration of Quotes to Replace Weight Bench/Rack Combo with Smith Machine
Operations Manager
Landscaping Update
Presentation of Monthly Landscaping Checklist and Report
Aquatics Update
Presentation of Monthly Aquatic Maintenance Checklist and Report
Consideration of Quotes to Replace the Card Room AC Unit
District Manager’s Report
Financial Reports
Combined Balance Sheet
Capital Projects Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
Approval of Check Run Summary
Public Comments
Supervisor Requests/Supervisor Open Discussion
Adjournment

MINUTES

MINUTES OF MEETING LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Lake Ashton Community Development District was held on Monday, May 12, 2025 at 9:01 a.m. at the Lake Ashton Clubhouse Ballroom, 4141 Ashton Club Drive, Lake Wales, FL.

Present and constituting a quorum were:
Brenda VanSickle	Chairperson
Mike Costello	Vice Chairman
Steve Realmuto	Assistant Secretary
Debby Landgrebe	Assistant Secretary
Greg Ulrich	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Jay Lazarovich	Latham Luna, District Counsel
Matt Fisher	Operations Manager
Christine Wells	Community Director
Alan Rayl	Rayl Engineering, District Engineer

The following is a summary of the discussions and actions taken at the May 12, 2025 Lake Ashton Community Development District Board of Supervisors meeting.

FIRST ORDER OF BUSINESS	Roll Call and Pledge of Allegiance
Ms. Burns called the meeting to order at 9:01 a.m., called roll, and the pledge of allegiance was recited. Five Supervisors were present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Approval of Meeting Agenda
Ms. VanSickle asked for approval of the meeting agenda. Ms. Landgrebe stated there is an 11:00 a.m. joint meeting so they need to do everything they can to finish by 11:00 a.m.

On MOTION by Ms. Landgrebe, seconded by Mr. Costello, with all in favor, the Meeting Agenda, was approved 5-0.

THIRD ORDER OF BUSINESS	Public Comments on Specific Items
on the Agenda (the District Manager will read any questions or comments received from members of the public in advance of the meeting)
Ms. VanSickle opened the public comment period.
Ralph Ritter (3020 Dunmore Dr.) stated the $4M sitting around has a projected interest income of $15K which is terrible. Asked to do something with the revenue stream to maximize the return on their investment.
Marianne Zak (4031 Birkdale) asked if updating the ballroom is a necessary expense. Adding glass inserts to the doors is an unnecessary expense & says “we don’t trust our own residents behind closed doors.” Asked not to change what already works at amenities.
Daniel Davis (4445 Turnberry Ln.) expressed concern about the Boards upcoming spending wishes such as bonuses for employees, ballroom renovation, and irrigation system for the golf course. If the golf course needs a new irrigation system, let the golf course pay for it. Where will the money to fix Turnberry Lane come from? CDD fees keep going up each year. Suggested Board members pay bonuses out of their own pockets.
Jonathan Ridpath (4135 Aberdeen Ln.) spoke on budget & bonuses to staff. No need to increase assessments. There is plenty of money in reserves and enough money to cover budgeted expenses. A poll taken on bonuses showed 90% were against it.
Judy Armstrong (4036 Ashton Club Dr.) suggested the Board look into investing their money where they can get a better ROI. Feels its important to be transparent & accountable to the residents as they are the ones paying the bills. Upset with 11% increase. If they want to increase employees’ budgets, the residents need to know what they are making and what percentage we can increase their salaries. It should be written into the contract.
Linda Zacharia (4004 Dunmore Dr.) expressed concern about an article about nonresident members and asked for an explanation of what these nonresident members would be.

John Sebastian (Lot 931) thanked the Board members for the unselfish hard work they do for the community. Thanked Matt and Christine for all their hard work to keep the neighborhood in great shape.

FOURTH ORDER OF BUSINESS	Consideration of Minutes from the
April 14, 2025 Board of Supervisors Meeting
Ms. VanSickle presented the minutes from the April 14, 2025 Board of Supervisors meeting. Ms. VanSickle noted Marianne’s last name was spelled wrong, should be Zak on pg. 2. On pg 5. Mr. Realmuto didn’t suggest replacing the bulbs with LEDs but pointed out the fixtures had been replaced with an LED fixture recently.

On MOTION by Mr. Costello, seconded by Mr. Realmuto, with all in favor, the Minutes from the April 14, 2025 Board of Supervisors Meeting, were approved 5-0 as amended.

FIFTH ORDER OF BUSINESS	Engineering Report
Mr. Rayl presented a quote from David Wells for some concrete work (8ft x 2ft & 19ft x 6ft sections) on the cart path along holes 9, 10 & 12 in the amount of $6,400. It is for cart path repair on hole 9 & 10 and erosion repair on hole 12. The depth should match the existing and should be 4 inches. He noted there was another quote from Royal Concrete which was higher than $7,000 and one was withdrawn.

On MOTION by Mr. Realmuto, seconded by Ms. Landgrebe, with all in favor, the David Wells Quote for Concrete Work NTE
$6,400, was approved 5-0.

Mr. Rayl stated the repair on Turnberry for the storm sewer pipe is expected to be installed later this week. He will confirm that considering there has been a few days of rain recently.
Mr. Rayl presented a quote from Groome Industrial for $5,271 for the Turnberry internal spot repair of the pipe. NTE was $10,000. It is an inside the pipe repair.

On MOTION by Mr. Realmuto, seconded by Ms. Landgrebe, with all in favor, the Groome Industrial Quote for $5,271 for Turnberry Pipe Repair, was approved 5-0.

Mr. Rayl stated Triple A Top-Quality Asphalt signed the agreement for the Turnberry repave and plan to start October 1st. He will work with the city to repair the leak area after the pipeline work is done. He noted the work on pond 11 is scheduled to start next week.
Mr. Rayl presented some options for accessible ADA space improvements in the East parking lot to Supervisor Landgrebe as well as a plan for some options compliant with her requirements as far as accessible route. To add an additional passenger car ADA space, it would require some additional striping and also would remove three golf cart spaces. If a handicap space is added and all striping needed to accommodate that, five spaces would be lost from golf cart parking. Mr. Lazarovich will review the information the engineer provided regarding the accessible ADA improvements. Table to next month.
Mr. Rayl noted there continues to be some encroachments along lots that are abutting the wetlands. He can walk it with staff to identify individual lots and come up with a quote for staking if the Board would like. He noted the area of the former driving range, it is implied as wetlands and they may have been given permission from the environmental scientist at SFWMD for recreational activity but recommended confirming that.

SIXTH ORDER OF BUSINESS	Old Business
Discussion Regarding Updated Reserve Study (requested by Supervisor Realmuto; documentation provided by Supervisor Realmuto)
Mr. Realmuto updated the reserve study with changes highlighted in yellow from the March meeting. He pointed out on page 21 the FY2026 expenditures of $232,868. The capital projects balance is over $1M. It is invested and earning over 4%. Ms. VanSickle expressed concern over not seeing a list of all the projects that haven’t been done to date. The Board discussed the reserve study. Mr. Realmuto stated in his opinion the Reserve Study does not present justification for option 2 on the budget increasing assessments.

SEVENTH ORDER OF BUSINESS	New Business
Items Relating to the Fiscal Year 2026 Planning Support Documents
Review of Draft Fiscal Year 2026 Planning Support Documents
Draft Fiscal Year 2025 Capital Projects and Contingencies Listing
Reserve Study and Strategic Planning Projects Combined Listing for Fiscal Year 2024
There being no comments, the next item followed.

Consideration of Resolution 2025-05 Approving the Proposed Fiscal Year 2025/2026 Budget and Setting the Public Hearing to Adopt he Budget (Suggested Date: July 21, 2025) (Option 1)
Ms. Burns noted a preliminary budget needs to be approved by June 15th. This will set the cap amount. The Board will approve the preliminary budget and set a public hearing that is at least 60 days out from today. This budget needs to be transmitted to the city at least 60 days prior. There are two options per the last meeting. Option One is if assessments were to remain the same and option two shows the increased amount requested by the Board. Mr. Realmuto motioned to approve option one that calls for no increase.

On MOTION by Mr. Realmuto, seconded by Mr. Ulrich, with Ms. Landgrebe in favor and Mr. Costello and Ms. VanSickle opposed, Resolution 2025-05 Approving the Proposed Fiscal Year 2025/2026 Budget and Setting the Public Hearing to Adopt the Budget (Suggested Date: July 21, 2025) Option One, was approved 3-2.

Consideration of Resolution 2025-05 Approving the Proposed Fiscal Year 2025/2026 Budget (Suggested Date: July 21, 2025), Declaring Special Assessments, and Setting the Public Hearings on the Fiscal Year 2025/2026 Budget and Imposition of Operations and Maintenance Assessments (Option 2)

Discussion Regarding Increase Scope Performed by Staff and Work Authorization for Increase to Contract (requested by Supervisor VanSickle)
Ms. VanSickle stated the District recently gave a considerable amount of money to a private enterprise and staff had no say in that. The Board makes the decision and staff implements, takes the grief and does all the work. She proposed an $11K increase

for staff. Ms. Burns noted this is a private contract and these are not direct CDD employees. GMS’ financial records are not subject to public record. She disclosed that employees get regular increases and bonuses as part of their employment at GMS already. Mr. Ulrich stated the people here who provide service for us are doing an outstanding job. However, like Jill just said they are GMS employees. If they went over and above then GMS should reward them. Ms. VanSickle stated maybe GMS should send us a bill for the additional work. Jill noted if GMS thought the staff was being asked to do something outside the scope of management and it changed the contract for something that wasn’t contemplated, we would request that. We did not request. Mr. Realmuto stated Ms. VanSickle is proposing doing this and it wasn’t budgeted.

On MOTION by Ms. VanSickle, seconded by Mr. Costello, with Mr. Realmuto, Ms. Landgrebe and Mr. Ulrich opposed, for the
$11,000 Increase Scope, the motion failed 2-3.

Discussion Regarding Golf Course Irrigation
Mr. Ulrich stated according to the lease the District is not obligated to do this but would leave that for the attorney’s opinion. Mr. Lazarovich noted there isn’t enough information on this at the moment but he would go to the joint meeting to see what Lake Ashton II proposes. Table to joint meeting.

Discussion Regarding Definition of Guest and Non-Resident User Fee
(requested by Supervisor Landgrebe)
Ms. Landgrebe stated this is ongoing. She suggested the new Board member and a new Board member from Winter Haven work with Christine and Karen on this as well as reviewing the policy with a fresh set of eyes. Mr. Ulrich noted there are zero nonresident user fee guests. No Action.

Discussion Regarding Resident Request for Space for Remote Control Model Car Track (requested by Supervisor Costello)
Mr. Costello asked for permission to bring the resident up to speak about using an area that had been questioned because of SFWMD. Ms. Burns suggested not getting into

this until the question is answered if this area can be used at all because it is a wetland. Christine will ask SFWMD. Add to the next agenda.

Discussion Regarding the Unification of CDDs (requested by Supervisor Landgrebe) – Added
Ms. Landgrebe spoke about a resident asking to form an independent small group excluding Board members or relatives to look into this and do some research. Would it include any financial cost to create the group and explore it? Ms. Burns stated the process to combine CDDs is a legal one and would be hesitant to take advice from people who may not be familiar with CDD law. Will take this to the joint meeting.

EIGHTH ORDER OF BUSINESS	Monthly Reports
Attorney
Mr. Lazarovich had no updates but offered to take any questions.

Lake Ashton Community Director
Ms. Wells stated the Community Directors Report is on page 145 of the agenda package and offered to take any questions. She spoke about the joint amenity policies being brought up at the joint meeting and asked if the policies that she asked the Board to adopt could just be talked about there to give some direction to the Board on that. Mr. Realmuto stated some of those policies aren’t necessary or shouldn’t be part of what is currently titled the joint amenity policies since not all of those relate to amenities and suggested some of the policies would be better handled by the individual Districts. Ms. VanSickle noted possibly the two community directors could work together on what needs to be worked on together or individually and make a presentation.

Consideration of Proposals to Replace the Shuffleboard Court Roof
Ms. Wells stated this was submitted FEMA for reimbursement. The shuffleboard court roof is a total of 2400 sq ft and was not budgeted for FY25. The date of the last event was 2002. Four quotes were received – Fisher & Floyd $12,140, Jurin Roofing Services $19,520, TPC Roofing $15,600, and WCM Construction Roofing $10,800.

On MOTION by Mr. Ulrich, seconded by Ms. Landgrebe, with all in favor, WCM at $10,800, was approved.

Consideration of Proposals to Replace the Guard House Roof
Ms. Wells stated the guard house is 1400 sq ft. It was submitted to FEMA. The date of last event was 2016 per the reserve study. Quotes included Fisher & Floyd $5,330, Jurin Roofing $14,981, TPC Roofing $10,200 and WCM $7,600.

On MOTION by Mr. Ulrich, seconded by Ms. Landgrebe, with all in favor, Fisher & Floyd at $5,330 was approved.

Ms. VanSickle suggested Yellowstone go before the joint meeting.
A representative from Yellowstone noted pest control treatment was done for ants & grubs in the dog park, a granular turf fertilization was done throughout the community, and two oaks were installed in the dog park area. They prepped an area for new sod and they are working with Matt to get that ordered. Soil was added to level the area and is now ready for St. Augustine turf to go in. He is working on ordering pine fines for the annual beds in the front. Extra attention will go to weeds that are popping with the He will do a hard cutback on the fig vine.
Mr. Realmuto asked about the cost of the two oaks installed at the dog park. Yellowstone is helping for no cost and purchased them from a nursery at $200 each. Mr. Ulrich noted the low foliage at the front entrance needs to be trimmed more often. Ms. VanSickle noted the oyster plants in the front look really bad, please review.
Ms. VanSickle asked for a motion to recess the meeting.

On MOTION by Mr. Costello, seconded by Mr. Ulrich, with all in favor, to Recess the Meeting, was approved.

*Mr. Ulrich left the meeting at this time.
Ms. VanSickle asked for a motion to reconvene the Board meeting.

On MOTION by Ms. Landgrebe, seconded by Mr. Costello, with all in favor, to Reconvene the Meeting, was approved.

Consideration of Proposals for Ballroom Refurbishment
Ms. Wells stated the carpet replacement was included on the damage inventory with FEMA from Hurricane Milton. To receive that funding they have to show 95% completion in that project area. The entire ballroom refurbishment project consisted of painting, carpet replacement, dance floor replacement and drapes. All of the items were on the capital project list for capital projects for FY24. For painting $8,320 was included in the project list. The last painting was 2015. Three quotes were received including Bock & Hoeft $17,765, D&D Painting and Home Repair $14,800 and Operation Paint $10,475. All quotes included removing the window at the kitchen and drywalling it.

On MOTION by Mr. Realmuto, seconded by Mr. Costello, with all in favor, Operation Paint at $10,475, was approved.

Ms. Wells noted the next item is ballroom carpet replacement which will be submitted to FEMA for possible reimbursement. The amount of $42,385 was included in the FY24 capital project list. The carpet was last replaced in 2011. Quotes included Blackburns $47,741.19, Jim’s Floor Depot $25,643 and Shaw (State of Florida contract) and Spectra install at $31,028.62. It was an average, narrowed down to carpet samples present at the meeting & it would be $34,677 for price and installation. Ms. Wells recommended Shaw and Spectra to install. Mr. Realmuto motioned NTE $35,000 to accept the shortest quote with Spectra as the installer, keeping in mind the square footage may decrease.

On MOTION by Mr. Realmuto, seconded by Mr. Costello, with all in favor, Carpet NTE $35,000, was approved.

Ms. Wells stated this is for dance flooring and was included in the FY24 project list and included $25,740. The last date of replacement was 2009. Quotes included Blackburns $34,747.40, Jim’s Floor Depot $27,019.20, Shaw $20,171.37 and Williford Flooring $24,428.95. Mr. Realmuto recommended increasing the size of the dance floor by 10 ft and somehow account for that.

On MOTION by Mr. Realmuto, seconded by Ms. Landgrebe, with all in favor, Shaw + 10 ft. Dance Floor NTE $23,000, was approved.

Ms. Wells noted next is replacement of the ballroom drapes which were last replaced in 2014. This was included in the FY24 capital project list amount of $26,000. Quotes included Budget Blinds and Window Concepts by Annalisa who were able to quote the entire project which would be installation of roller shades on all windows except for windows above the door. The large windows on the South side of the ballroom would have 2 roller shades, the smaller windows on the North side would have single roller shades, above the doors would be plantation shutters and, on the doors, would be roller shades that match the shades installed on the windows. The quotes are for all remote motorized blinds with rechargeable batteries. For the cornice board add $1,320.

On MOTION by Ms. VanSickle, seconded by Ms. Landgrebe, with all in favor, Window Concepts by Annalisa NTE $51,500, was approved.

Consideration of Proposal to Install Glass Inserts on Amenity Doors
Ms. Wells reviewed a quote from Hawkins Home Repair, LLC to fabricate seven doors with cut sections to receive custom tempered glass for $3,100. Mr. Costello and Mr. Realmuto do not see the need for this at this time. No Action was taken.

Operations Manager
Mr. Fisher presented the Operations Manger’s Report on page 264 of the agenda package. He spoke with Yellowstone last year regarding the Medjool palms. Pete mentioned it was too much to do the job and wouldn’t recommend it to the District because of the exuberant cost and palm tree survival being 50/50. Mr. Realmuto asked how there could be an opinion about what the cost would be without having a quote. He noted that is the Board’s call and not an employee’s call.

Landscaping Update
a) Presentation of Monthly Landscaping Checklist and Report
There being no comments, the next item followed.

Aquatics Update
b) Presentation of Monthly Aquatic Maintenance Checklist and Report
There being no comments, the next item followed.

District Manager’s Report
Presentation of Number of Registered Voters – 1,364
Ms. Burns stated as of April 15, 2025 the District had 1,364 registered voters.

NINTH ORDER OF BUSINESS	Financial Reports
Combined Balance Sheets
Capital Projects Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
Ms. VanSickle asked for any comments before approving the check run summary. Mr. Realmuto stated the balance at the end of April and the capital projects fund was
$1,016,000. Prior to the things approved that haven’t actually expended funds, we have only spent about $165,000. That includes both capital projects and contingencies.

Approval of Check Run Summary
Ms. VanSickle asked for approval of the check run summary.

On MOTION by Mr. Realmuto, seconded by Mr. Costello, with all in favor, the Check Run Summary, was approved.

TENTH ORDER OF BUSINESS	Public Comments
Cheryl – suggested painting a little piece of the walls on the outside and for carpeting, take a square and lay the carpet down to see in a bigger picture.

ELEVENTH ORDER OF BUSINESS	Supervisor	Requests/Supervisor
Open Discussion
Ms. Ulrich requested to leave the door at the East parking lot unlocked.
Mr. Realmuto stated the final design decisions are Christines but would be a good community relations thing, perhaps have that available for residents to look at.

Ms. Burns asked for a motion for the Board to appoint themselves as the audit committee.

On MOTION by Mr. Realmuto, seconded by Mr. Costello, with all in favor, the Appointment of the Board as the Audit Committee, was approved.

TWELFTH ORDER OF BUSINESS	Adjournment
The meeting was adjourned.

On MOTION by Mr. Realmuto, seconded by Ms. Landgrebe, with all in favor, the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

MINUTES OF MEETING LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT

The audit committee meeting of the Board of Supervisors of the Lake Ashton Community Development District was held on Monday, May 12, 2025 at 12:00 p.m. at the Lake Ashton Clubhouse Ballroom, 4141 Ashton Club Drive, Lake Wales, FL.

Present for the Audit Committee were:
Brenda VanSickle Mike Costello Steve Realmuto
Also present were:
Jill Burns	District Manager, GMS
Jay Lazarovich	Latham Luna, District Counsel
Matt Fisher	Operations Manager
Christine Wells	Community Director
Alan Rayl	Rayl Engineering, District Engineer

The following is a summary of the discussions and actions taken at the May 12, 2025 Lake Ashton Community Development District Audit Committee meeting.

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called roll. Three Supervisors were present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns opened the public comment period. Hearing no comments, the next item followed.

May 12, 2025	Lake Ashton CDD

THIRD ORDER OF BUSINESS	Audit Services
Approval of Request for Proposals and Selection Criteria
Approval of Notice of Request for Proposals for Audit Services
Public Announcement of Opportunity to Provide Audit Services
Ms. Burns stated the request for proposals and selection criteria are in the agenda package. The RFP is included for review. It is the standard form of selection criteria. Unless anyone has any changes, she is looking for a motion to authorize staff to place this notice and solicit proposals for auditing services. This will be for Fiscal Year 2025.

On MOTION by Ms. VanSickle, seconded by Mr. Costello, with all in favor, the Request for Proposals and Selection Criteria, was approved.

FOURTH ORDER OF BUSINESS	Adjournment
The meeting was adjourned.

On MOTION by Mr. Costello, seconded by Mr. Realmuto, with all in favor, the meeting was adjourned.

Secretary / Assistant Secretary	Chairman / Vice Chairman

2

Section V

06/23/2025
Lake Ashton CDD Meeting Engineering Report

Staff Observed Repair Areas
Board approved NTE of $7,650.00
Work completed for $6,400.00

Turnberry Storm Sewer Repairs
Board approved NTE of $39,471.50
Work completed for $33,699.02

Pond #11 Bank (Hole #4)
Construction in progress.
Additional emergency repair of $6,600.00 for hole in outfall pipe.

Pond Inspections
Completed inspection for permit .000 (report attached)
Landscaping to complete non‐compliant repair.
Recommend repair of flume on Pond #18.

City of Lake Wales Coordination
Coordinating with City for pavement repairs following CIPP repair.

Clubhouse ADA Parking Evaluation

Wetland Marking
RES quote to mark wetland lines:
4131 to 4188 Aberdeen ‐ $3,600.00
4249 to 4309 Berwick and 4100 Ashton Club ‐ $3,600.00
3008 to 3032 Dunmore, 4088 to 4096 Ashton Club, and 4437 to 4449 Waterford‐ $2,325.00

810 E Main Street • Bartow, FL 33830 • 863‐537‐7901 • garrett@raylengineering.com www.raylengineering.com

Section VII

Section C

Kent L. Hipp 301 East Pine Street, Suite 1400
Orlando, Florida 32801
(407) 244-5672
Kent.Hipp@Gray-Robinson.com www.gray-robinson.com

May 14, 2025

ATTORNEY-CLIENT PRIVILEGED CONFIDENTIAL COMMUNICATION

VIA EMAIL – JCARPENTER@LATHAMLUNA.COM
LAKE ASHTON CDD
c/o Jan Albanese Carpenter, Esq. Latham, Luna, Eden & Beaudine, LLP 201 S. Orange Avenue, Suite 1400
Orlando, FL 32801

RE:	PROJECT – Polk County/Thompson Nursery Road Ph II/Thompson Nursery Road (CR 540 A) Widening Project
PROPERTY OWNER: LAKE ASHTON CDD
PROPERTY ADDRESSES:0 Thompson Nursery Road, Lake Wales, FL 33859
0 Ashton Club Dr., Lake Wales, FL 33859 4140 Ashton Club Dr., Lake Wales, FL 33859
POLK COUNTY TAX ID NOS.: 27-29-18-865152-002750, 27-29-18-865152-002701
& 27-29-18-865152-002760
POLK COUNTY PARCEL ID NO.: All parcels and all interests
Dear Jan:
This confirms that Lake Ashton CDD (“the CDD”) has retained me and my law firm to represent it in any acquisition and/or eminent domain action by PRWC for the above-referenced project. Our representation will cover all stages of the acquisition and/or eminent domain action including negotiations and trial.
The following Agreement is made regarding my firm’s attorney fees and costs for this legal representation:
By Florida law, Section 73.092, Florida Statutes, Polk County (as the taking authority) is required to pay my firm’s fees and costs for representing the CDD. My firm agrees to accept these statutory attorney’s fees as our fee for the representation. Our fee is in addition to what the CDD is paid as full compensation for the property taken. The CDD agrees that it will not accept a settlement offer that is conditioned upon us waiving any or all of our statutory fees.
We will be required to retain experts such as an appraiser, land planner and engineer in order to determine the appropriate amount of compensation for the taking of the CDD’s land and any compensable damage to the remaining property. Florida law requires the taking authority to pay reasonable fees for these necessary experts. Accordingly, we will request that these experts defer their fees and accept the court award or negotiated settlement in full payment of their fees.

GrayRobinson May 14, 2025
Page 2

Pursuant to GrayRobinson’s file retention policy, at the conclusion of the CDD’s case, we will maintain the file for ten (10) years. After ten years, the file will be destroyed.
From time to time, we use client successes in our marketing materials including amounts recorded in the public records as paid for the property by the condemning authority, a description of the property and case, as well as first offers. By retaining us, the CDD consents to our use of this information after your case has been concluded.
If the above stated arrangement meets with the CDD’s approval, please indicate so by signing this letter in the space provided below and return it to our offices. Approval of this letter will include agreement regarding the fees and costs arrangement.
We appreciate the confidence and trust the CDD has placed in our firm in asking us to represent it. We encourage you to communicate with us if at any time there are questions on the status or progress of your matter.
Very truly yours,

Kent Hipp

KLH/amo
Attachments

Agreed to and Accepted by:

LAKE ASHTON CDD
By: 		Date: 	

Printed Name: 	

Title:	

Address (if different from above): 	
Home Phone: 		 Business Phone: 		 Mobile Phone: 		 Fax Number: 	  E-mail address: 	
I would like to receive my mail and client documents via e-mail transmission ☐	☐
Yes  No

ATTORNEY AUTHORIZATION

TO:	POLK COUNTY

PROJECT NAME:	Thompson	Nursery	Road	Ph	II/Thompson Nursery Road (CR 540A) Widening Project
OWNER:	LAKE ASHTON CDD POLK PROPERTY TAX ID NOS.:	27-29-18-865152-002750
27-29-18-865152-002701
27-29-18-865152-002760

POLK COUNTY PARCEL NOS.:	All Parcels and All Interests

This is to advise you that LAKE ASHTON CDD authorizes Kent L. Hipp, Esquire, of GrayRobinson, P.A. whose address is 301 East Pine Street, Suite 1400, P.O. Box 3068, Orlando, Florida 32802, to represent them in all future dealings with POLK COUNTY in the above-referenced projects regarding properties owned by LAKE ASHTON CDD, and to accept service of process on its behalf, concerning any legal proceedings in eminent domain which may be filed by POLK COUNTY regarding the referenced project.

LAKE ASHTON CDD

By: 		Date: 	

Printed Name: 	
Title:	

This is to advise you that I have been retained to represent the above referenced property owner(s) in all future dealings involving your acquisition requirements for the above referenced project regarding property owned by them. This is to further advise that I am a member of the Florida Bar and I will accept service of process on their behalf in any legal proceedings in eminent domain which may be filed regarding the referenced project. Please direct all inquiries to my attention.

GRAYROBINSON, P.A.

By: 			Date:		May 12, 2025	 Kent L. Hipp, Esquire

I:
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Parcel Details:
27-29-18-865152-002750	TAX EST	PRT CALC	PRC	HTML PRC	TRIM	HTML TRIM	TAX BILL

Owners Recently purchased this property? Click here.
LAKE ASHTON CDD	100%

Mailing Address
Address 1	5385 N NOB HILL RD
Address 2
Address 3	SUNRISE FL 33351-4761

Site Address
Address 1	0 THOMPSON NURSERY RD
Address 2
City	LAKE WALES
State	FL
Zip Code	33859

Parcel Information
220011.00

Property Desc
DISCLAIMER: This property description is a condensed version of the original legal description recorded in the public records. It does not include the section, township, range, or the county where the property is located. It is a description of the ownership boundaries only and does not include easements or other interests of record. The property description should not be used when conveying property. The Property Appraiser assumes no responsibility for the consequences of inappropriate uses or interpretations of the property description. No warranties, expressed or implied, are provided for the data herein, its use, or its interpretation.

LAKE ASHTON GOLF CLUB PHASE I PB 117 PGS 19-27 TRACT CDD-7

Area Map
N

Neighborhood

Show Recent Sales in this Neighborhood

Subdivision	LAKE ASHTON GOLF CLUB PHASE 1

Property (DOR) Use Code

Vacant CDD Parcel - vac land or
misc impr of some value	W	E
(Code: 7070)

Acreage	2.63

Taxing District

LAKE
WALES/SWFWMD (Code: 90320)

Community Redevelopment Area

NOT IN CRA

S

Recorded Plat
Visit the Polk County Clerk of Courts website to view the Recorded Plat for this parcel
Note: Some plats are not yet available on the Clerk's website. The site contains images of plats recorded on 01/05/1973 (beginning with book 058 Page 020) or later. For information on Plats recorded before 01/05/1973 (Book 058 Page 019 or less) please contact the Polk County Clerk's Office.
Mapping Worksheets (plats) for 272918

Mapping Worksheet HTML (opens in new tab)

Mapping Worksheet Printable PDF

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DOCUMENTS CONCERNING YOUR PROPERTY

Please provide us with copies of the following documents concerning your property that you may have to assist us in beginning our efforts on your behalf:
The deed(s) to your property.

Title work, abstract or closing package from your purchase of the property, including copies of any plat maps, mortgages, easements or other restrictions, judgments, or liens.

Any surveys of the property.

Any appraisals including but not limited to real estate appraisals and Furniture, Fixture and Equipment (“FF&E”) appraisals of the property.

Any photographs of the property, particularly aerial photographs.

Any maps or sketches of the property including topographical maps, wetland maps or others.
Any land use permits or site plans, or proposed plans whether approved or unapproved.

Any environmental reports or notifications from state environmental agencies.

Any materials regarding improvements on the property.
A current lease and rent roll and complete copies of all leases on the property.
Any property tax information on the property.

Any documents concerning challenges you may have made to your property tax assessments.
All correspondence, written offers, maps, plans, surveys, appraisals, or any other documents provided to you by the taking authority (“Polk County”) in this matter.
All correspondence, written offers, maps, plans, surveys, appraisals, or any other documents provided by you to Polk County in this matter.

FLORIDA OFFICES
BOCA RATON ∙ FORT LAUDERDALE ∙ FORT MYERS ∙ GAINESVILLE ∙ JACKSONVILLE ∙ KEY WEST ∙ LAKELAND MELBOURNE ∙ MIAMI ∙ NAPLES ∙ ORLANDO ∙ PENSACOLA ∙ TALLAHASSEE ∙ TAMPA ∙ WEST PALM BEACH

Section D

Docusign Envelope ID: 268CDF5F-7296-4B98-8E16-6EFEB06321DD

October 21, 2024

Lake Ashton Community Development District Governmental Management Services
219 East Livingston Street Orlando, FL 32801

The Objective and Scope of the Audit of the Financial Statements

You have requested that Berger, Toombs, Elam, Gaines and Frank (“we”) audit Lake Ashton Community Development District’s, (the “District”), governmental activities and each major fund as of and for the year ended September 30, 2024, which collectively comprise the basic financial statements. We are pleased to confirm our acceptance and our understanding of this audit engagement by means of this letter for the year ending September 30, 2024.

The objectives of our audit are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with auditing standards generally accepted in the United States of America (GAAS) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if there is a substantial likelihood, individually or in the aggregate, they would influence the judgement made by a reasonable user based on the financial statements. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
The Responsibilities of the Auditor

We will conduct our audit in accordance with (GAAS). Those standards require that we comply with applicable ethical requirements. As part of an audit in accordance with GAAS, we exercise professional judgement and maintain professional skepticism throughout the audit. We also:

Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion.

Docusign Envelope ID: 268CDF5F-7296-4B98-8E16-6EFEB06321DD

Lake Ashton Community Development District October 21, 2024
Page 2

Consider the entity’s system of internal control in order to design audit procedures that are appropriate in the circumstances but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. However, we will communicate to you in writing concerning any significant deficiencies or material weaknesses in internal control relevant to the audit of the financial statements that we have identified during the audit.

Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.

Conclude, based on the audit evidence obtained, whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for the reasonable period of time.

Because of the inherent limitations of an audit, together with the inherent limitations of internal control, an unavoidable risk that some material misstatements may not be detected exists, even though the audit is properly planned and performed in accordance with GAAS.
We will also communicate to the Board any fraud involving senior management and fraud that causes a material misstatement of the financial statements that becomes known to us during the audit, and any instances of noncompliance with laws and regulations that we become aware of during the audit unless they are inconsequential.

We will maintain our independence in accordance with the standards of the American Institute of Certified Public Accountants and Generally Accepted Governmental Auditing Standards.

Docusign Envelope ID: 268CDF5F-7296-4B98-8E16-6EFEB06321DD

Lake Ashton Community Development District October 21, 2024
Page 3

The Responsibilities of Management and Identification of the Applicable Financial Reporting Framework
Management is responsible for:

Identifying and ensuring that the District complies with the laws and regulations applicable to its activities, and for informing us about all known violations of such laws or regulations, other than those that are clearly inconsequential;
The design and implementation of programs and controls to prevent and detect fraud, and for informing us about all known or suspected fraud affecting the District involving management, employees who have significant roles in internal control, and others where the fraud could have a material effect on the financial statements; and
Informing us of its knowledge of any allegations of fraud or suspected fraud affecting the District received in communications from employees, former employees, analysts, regulators, short sellers, vendors, customers or others.

The Board is responsible for informing us of its views about the risks of fraud within the entity, and its knowledge of any fraud or suspected fraud affecting the entity.
Our audit will be conducted on the basis that management acknowledges and understands that it has responsibility:
To evaluate subsequent events through the date the financial statements are issued or available to be issued. Management also agrees that it will not conclude on subsequent events earlier than the date of the management representation letter referred to below;

For the design, implementation and maintenance of internal control relevant to the preparation of fair presentation of financial statements that are free from material misstatement, whether due to fraud or error; and

To provide us with:
Access to all information of which management is aware that is relevant to the preparation and fair presentation of the financial statements including information relevant to disclosures;

Draft financial statements, including information relevant to their preparation and fair presentation, when needed to allowed for the completion of the audit in accordance with the proposed timeline;

Additional information that we may request from management for the purpose of the audit; and

Docusign Envelope ID: 268CDF5F-7296-4B98-8E16-6EFEB06321DD

Lake Ashton Community Development District October 21, 2024
Page 4

Unrestricted access to persons within the District from whom we determine it necessary to obtain audit evidence.

As part of our audit process, we will request from management written confirmation concerning representations made to us in connection with the audit, including among other items:
That management has fulfilled its responsibilities as set out in the terms of this Engagement Letter; and

That it believes the effects of any uncorrected misstatements aggregated by us during the current engagement and pertaining to the latest period presented are immaterial, both individually and in the aggregate, to the financial statements taken as a whole.
Reporting

We will issue a written report upon completion of our audit of Lake Ashton Community Development District’s financial statements. Our report will be addressed to the Board of Supervisors of Lake Ashton Community Development District. Circumstances may arise in which our report may differ from its expected form and content based on the results of our audit. Depending on the nature of these circumstances, it may necessary for us to modify our opinion, or add an emphasis-of-matter paragraph or other-matter paragraph to our auditor’s report.

If circumstances arise relating to the condition of the District’s records, the availability of appropriate audit evidence or indications of a significant risk of material misstatement of the financial statements because of error, fraudulent financial reporting or misappropriation of assets which, in our professional judgement, prevent us from completing the audit or forming an opinion, we retain the unilateral right to take any course of action permitted by professional standards, including, but not limited to, declining to express an opinion or issue a report, or withdrawing from the engagement.
Records and Assistance

During the course of our engagement, we may accumulate records containing data that should be reflected in the District’s books and records. The District will determine that all such data, if necessary, will be so reflected. Accordingly, the District will not expect us to maintain copies of such records in our possession.
The assistance to be supplied by District personnel, including the preparation of schedules and analyses of accounts, has been discussed and coordinated with Sharyn Henning. The timely and accurate completion of this work is an essential condition to our completion of the audit and issuance of our audit report.

Docusign Envelope ID: 268CDF5F-7296-4B98-8E16-6EFEB06321DD

Lake Ashton Community Development District October 21, 2024
Page 5

Other Relevant Information

In accordance with Government Auditing Standards, a copy of our most recent peer review report has been provided to you, for your information.
Accounting Services

In connection with our audit, you have requested us to draft the financial statements.

Jill Burns, District Manager, will oversee the service, make all significant judgments that are the proper responsibility of management, evaluate the adequacy of the service, make an informed judgment about the results of the service, and accept responsibility for them. You also agree to establish and maintain internal control over the service, including ongoing monitoring activities. At the conclusion of our audit, we will ask you to provide written representations to that effect.
Fees, Costs and Access to Workpapers

Our fees for the services described above are based upon the value of the services performed and the time required by the individuals assigned to the engagement, plus direct expenses. Invoices for fees will be submitted in sufficient detail to demonstrate compliance with the terms of this engagement. Billings are due upon submission. Our fee for the services described in this letter for the year ending September 30, 2024, will not exceed $3,930, unless the scope of the engagement is changed, the assistance which Lake Ashton Community Development District has agreed to furnish is not provided, or unexpected conditions are encountered, in which case we will discuss the situation with you before proceeding. All other provisions of this letter will survive any fee adjustment. An optional one-year renewal is available if mutually agreed upon by Berger, Toombs, Elam, Gaines, and Frank and Lake Ashton Community Development District.
The audit documentation for this engagement is the property of Berger, Toombs, Elam, Gaines, & Frank. For the purposes of this Engagement Letter, the term “Audit Documentation” shall mean the confidential and proprietary records of Berger, Toombs, Elam, Gaines, & Frank’s audit procedures performed, relevant audit evidence obtained, other audit-related workpapers, and conclusions reached. Audit Documentation shall not include custom-developed documents, data, reports, analyses, recommendations, and deliverables authored or prepared by Berger, Toombs, Elam, Gaines, & Frank for the District under this Engagement Letter, or any documents belonging to the District or furnished to Berger, Toombs, Elam, Gaines, & Frank by the District.

Review of Audit Documentation by a successor auditor or as part of due diligence is subject to applicable Berger, Toombs, Elam, Gaines, & Frank policies, and will be agreed to, accounted for and billed separately. Any such access to our Audit Documentation is subject to a successor auditor signing an Access and Release Letter substantially in Berger, Toombs, Elam, Gaines, & Frank’s form. Berger, Toombs, Elam, Gaines, & Frank reserves the right to decline a successor auditor’s request to review our workpapers.

Docusign Envelope ID: 268CDF5F-7296-4B98-8E16-6EFEB06321DD

Lake Ashton Community Development District October 21, 2024
Page 6

In the event we are required by government regulation, subpoena or other legal process to produce our documents or our personnel as witnesses with respect to our engagement for the District, the District will, so long as we are not a party to the proceeding in which the information is sought, reimburse us for our professional time and expenses, as well as the fees and expenses of our counsel, incurred in responding to such requests.
Information Security – Miscellaneous Terms

Berger, Toombs, Elam, Gaines & Frank is committed to the safe and confidential treatment of Lake Ashton Community Development District’s proprietary information. Berger, Toombs, Elam, Gaines & Frank is required to maintain the confidential treatment of client information in accordance with relevant industry professional standards which govern the provision of services described herein. The District agrees that it will not provide Berger, Toombs, Elam, Gaines & Frank with any unencrypted electronic confidential or proprietary information, and the parties agree to utilize commercially reasonable measures to maintain the confidentiality of the District’s information, including the use of collaborate sites to ensure the safe transfer of data between the parties.
If any term or provision of this Engagement Letter is determined to be invalid or unenforceable, such term or provision will be deemed stricken and all other terms and provisions will remain in full force and effect.

Because we will rely on the District and its management and Board of Supervisors to discharge the foregoing responsibilities, the District holds harmless and releases Berger, Toombs, Elam, Gaines & Frank, its partners, and employees from all claims, liabilities, losses and costs arising in circumstances where there has been a known misrepresentation by a member of the District’s management, which has caused, in any respect, Berger, Toombs, Elam, Gaines & Frank’s breach of contract or negligence. This provision shall survive the termination of this arrangement for services.
This letter constitutes the complete and exclusive statement of agreement between Berger, Toombs, Elam, Gaines, & Frank and Lake Ashton Community Development District, superseding all proposals, oral or written, and all other communications, with respect to the terms of the engagement between the parties.

Termination

Either party hereto may terminate this Engagement Letter for any reason upon fifteen (15) days’ prior written notice to the other party. In the event the District terminates this engagement, the District will pay us for all services rendered, expenses incurred, and noncancelable commitments made by us on the District’s behalf through the effective date of termination.

Docusign Envelope ID: 268CDF5F-7296-4B98-8E16-6EFEB06321DD

Lake Ashton Community Development District October 21, 2024
Page 7

Either party may terminate this Engagement Letter upon written notice if: (i) circumstances arise that in its judgment cause its continued performance to result in a violation of law, a regulatory requirement, applicable professional or ethical standards, or in the case of Berger, Toombs, Elam, Gaines, & Frank, our client acceptance or retention standards; or (ii) if the other party is placed on a Sanctioned List, or if any director or executive of, or other person closely associated with such other party or its affiliate, is placed on a Sanctioned List.

We will not be responsible for any delay or failure in our performance resulting from acts beyond our reasonable control or unforeseen or unexpected circumstances, such as, but not limited to, acts of God, government or war, riots or strikes, disasters, fires, floods, epidemics, pandemics, or outbreaks of communicable disease, cyberattacks, and internet or other system or network outages. At the District’s option, the District may terminate this Engagement Letter where our service are delayed more that 120 days; however, the District is not excused from paying to us for all amounts owed for services rendered and deliverables provided prior to the termination of this Engagement Letter.

The parties agree that those provisions of this Engagement Letter which, by their context, are intended to survive, including, but not limited to, payment, limitations on liability, claim resolution, use and ownership, and confidentiality obligations, shall survive the termination of this Engagement Letter.
Please sign and return the attached copy of this letter to indicate your acknowledgment of, and agreement with, the arrangements for our audit of the financial statements including our respective responsibilities.
Sincerely,

BERGER, TOOMBS, ELAM, GAINES & FRANK
J. W. Gaines, CPA

Confirmed on behalf of the addressee:

	May	  15 ,  2025	

6815 Dairy Road
Zephyrhills, FL 33542

813.788.2155
BodinePerry.com
Report on the Firm's System of Quality Control
To the Partners of	November 30, 2022
Berger, Toombs, Elam, Gaines & Frank, CPAs, PL
and the Peer Review Committee of the Florida Institute of Certified Public Accountants

We have reviewed the system of quality control for the accounting and auditing practice of Berger, Toombs, Elam, Gaines & Frank, CPAs, PL (the firm), in effect for the year ended May 31, 2022. Our peer review was conducted in accordance with the Standards for Performing and Reporting on Peer Reviews established by the Peer Review Board of the American Institute of Certified Public Accountants (Standards).

A summary of the nature, objectives, scope, limitations of, and the procedures performed in a System Review as described in the Standards may be found at aicpa.org/prsummary. The summary also includes an explanation of how engagements identified as not performed or reported in conformity with applicable professional standards, if any, are evaluated by a peer reviewer to determine a peer review rating.
Firm's Responsibility
The firm is responsible for designing a system of quality control and complying with it to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. The firm is also responsible for evaluating actions to promptly remediate engagements deemed as not performed or reported in conformity with professional standards, when appropriate, and for remediating weaknesses in its system of quality control, if any.
Peer Reviewer's Responsibility
Our responsibility is to express an opinion on the design of the system of quality control, and the firm's compliance therewith based on our review.
Required Selections and Considerations
Engagements selected for review included engagements performed under Government Auditing Standards, including a compliance audit under the Single Audit Act.
As a part of our peer review, we considered reviews by regulatory entities as communicated by the firm, if applicable, in determining the nature and extent of our procedures.
Opinion
In our opinion, the system of quality control for the accounting and auditing practice of Berger, Toombs, Elam, Gaines & Frank, CPAs, PL, in effect for the year ended May 31, 2022, has been suitably designed and complied with to provide the firm with reasonable assurance of performing and reporting in conformity with applicable professional standards in all material respects. Firms can receive a rating of pass, pass with deficiency(ies), or fail Berger, Toombs, Elam, Gaines & Frank, CPAs, PLC, has received a peer review rating of pass.
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ADDENDUM TO ENGAGEMENT LETTER BETWEEN BERGER, TOOMBS, ELAM, GAINES AND FRANK AND LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT
(DATED OCTOBER 21, 2024)

Public Records. Auditor shall, pursuant to and in accordance with Section 119.0701, Florida Statutes, comply with the public records laws of the State of Florida, and specifically shall:

Keep and maintain public records required by the District to perform the services or work set forth in this Agreement; and

Upon the request of the District’s custodian of public records, provide the District with a copy of the requested records or allow the records to be inspected or copied within a reasonable time at a cost that does not exceed the cost provided in Chapter 119, Florida Statutes, or as otherwise provided by law; and

Ensure that public records that are exempt or confidential and exempt from public records disclosure requirements are not disclosed except as authorized by law for the duration of the contract term and following completion of the Agreement if the Auditor does not transfer the records to the District; and

Upon completion of the Agreement, transfer, at no cost to the District, all public records in possession of the Auditor or keep and maintain public records required by the District to perform the service or work provided for in this Agreement. If the Auditor transfers all public records to the District upon completion of the Agreement, the Auditor shall destroy any duplicate public records that are exempt or confidential and exempt from public disclosure requirements. If the Auditor keeps and maintains public records upon completion of the Agreement, the Auditor shall meet all applicable requirements for retaining public records. All records stored electronically must be provided to the District, upon request from the District’s custodian of public records, in a format that is compatible with the information technology systems of the District.

Auditor acknowledges that any requests to inspect or copy public records relating to this Agreement must be made directly to the District pursuant to Section 119.0701(3), Florida Statutes. If notified by the District of a public records request for records not in the possession of the District but in possession of the Auditor, the Auditor shall provide such records to the District or allow the records to be inspected or copied within a reasonable time. Auditor acknowledges that should Auditor fail to provide the public records to the District within a reasonable time, Auditor may be subject to penalties pursuant to Section 119.10, Florida Statutes.

IF THE AUDITOR HAS QUESTIONS REGARDING THE APPLICATION OF CHAPTER 119, FLORIDA STATUTES, TO THE AUDITOR’S DUTY TO PROVIDE PUBLIC RECORDS RELATING TO THIS AGREEMENT/CONTRACT, THE AUDITOR MAY CONTACT THE CUSTODIAN OF PUBLIC RECORDS FOR THE DISTRICT AT:

GMS-CF, LLC
219 EAST LIVINGSTON STREET ORLANDO, FL 32801
TELEPHONE: 407-841-5524 EMAIL: JBURNS@GMSCF.COM

Auditor: J.W. Gaines	District: Lake Ashton CDD

_________________

By:			By:		
Title: Director	Title:   Chair	
Date: October 21, 2024	Date:  May 15, 2025	

Section E

Lake Ashton Community Development District
ANNUAL FINANCIAL REPORT

September 30, 2024

Lake Ashton Community Development District ANNUAL FINANCIAL REPORT
September 30, 2024 TABLE OF CONTENTS
Page Number
REPORT OF INDEPENDENT AUDITORS	1-3
MANAGEMENT’S DISCUSSION AND ANALYSIS	4-9
BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements:
Statement of Net Position	10
Statement of Activities	11
Fund Financial Statements:
Balance Sheet – Governmental Funds	12
Reconciliation of Total Governmental Fund Balances
to Net Position of Governmental Activities	13
Statement of Revenues, Expenditures and Changes in Fund
Balances – Governmental Funds	14
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities	15
Statement of Revenues, Expenditures and Changes in Fund
Balances – Budget and Actual – General Fund	16
Notes to Financial Statements	17-31
INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN
ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	32-33
MANAGEMENT LETTER	34-36
INDEPENDENT ACCOUNTANTS’ REPORT/COMPLIANCE WITH
SECTION 218.415, FLORIDA STATUTES	37

REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
Lake Ashton Community Development District Lake Wales, Florida

Report on Audit of the Financial Statements
Opinion

We have audited the financial statements of the governmental activities and each major fund of Lake Ashton Community Development District (the “District”), as of and for the year ended September 30, 2024, and the related notes to financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

In our opinion, the accompanying financial statements present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of Lake Ashton Community Development District as of September 30, 2024, and the respective changes in financial position and the budgetary comparison for the General Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Basis for Opinion
We conducted our audits in accordance with auditing standards generally accepted in the United States of America (GAAS), and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States (Government Auditing Standards). Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audits. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.

Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

- 1 -

To the Board of Supervisors
Lake Ashton Community Development District

In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for one year beyond the financial statement date, including currently known information that may raise substantial doubt thereafter.

Auditor’s Responsibility for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore, is not a guarantee that an audit conducted in accordance with GAAS and Government Auditing Standards will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS and Government Auditing Standards, we:

Exercise professional judgement and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgement, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.

We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control related matters that we identified during the audit.

- 2 -

To the Board of Supervisors
Lake Ashton Community Development District

Required Supplementary Information
Accounting principles generally accepted in the United States of America require that Management’s Discussion and Analysis be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued a report dated June 10, 2025 on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations and contracts.

The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering Lake Ashton Community Development District’s internal control over financial reporting and compliance.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 10, 2025

- 3 -

Management’s discussion and analysis of Lake Ashton Community Development District (the “District”) financial performance provides an objective and easily readable analysis of the District’s financial activities. The analysis provides summary financial information for the District and should be read in conjunction with the District’s financial statements.
OVERVIEW OF THE FINANCIAL STATEMENTS

The District’s basic financial statements comprise three components; 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The Government-wide financial statements present an overall picture of the District’s financial position and results of operations. The Fund financial statements present financial information for the District’s major funds. The Notes to financial statements provide additional information concerning the District’s finances.

The Government-wide financial statements are the statement of net position and the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position of governmental activities and the change in net position. Governmental activities are primarily supported by special assessments.
The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Assets, liabilities, and net position are reported for all Governmental activities.

The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major function and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. To assist in understanding the District’s operations, expenses have been reported as governmental activities. Governmental activities financed by the District include general government, physical environment, culture recreation and debt service.

Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes in current financial resources (revenues and expenditures), and current available resources. The enterprise fund financial statements provide information on all assets and liabilities of the fund, changes in economic resources (revenues and expenses), and total economic resources.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Fund financial statements include a balance sheet and a statement of revenues, expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances – budget and actual is provided for the District’s General Fund. Fund financial statements provide more detailed information about the District’s activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District’s financial standing. These statements are comparable to private-sector companies and give a good understanding of the District’s overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of the District, including capital assets, are reported in the statement of net position. All liabilities, including principal outstanding on bonds are included. In the statement of activities, transactions between the different functions of the District have been eliminated in order to avoid “doubling up” the revenues and expenses. The fund financial statements provide a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long-term liabilities, such as capital improvement bonds, are not included in the fund financial statements. To provide a link from the fund financial statements to the government-wide financial statements, reconciliation is provided from the fund financial statements to the government-wide financial statements.
Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District, investments of the District, capital assets and long-term debt are some of the items included in the notes to financial statements.
Financial Highlights

The following are the highlights of financial activity for the year ended September 30, 2024.

The District’s total assets exceeded total liabilities by $8,294,814 (net position). Net investment in capital assets for Governmental Activities was $7,377,740. Restricted net position for Governmental Activities was $171,261. Unrestricted net position for Governmental Activities was $745,813.

Governmental activities revenues totaled $3,123,225 while governmental activities expenses totaled $3,305,478.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Financial Analysis of the District

The following schedule provides a summary of the assets, liabilities and net position of the District and is presented by category for comparison purposes.
Net Position

	Governmental Activities	
	2024			2023		

Current assets	
$	882,643	
$	708,209	

Non-current assets	21,713	41,736	

Restricted assets	413,551	358,808	
Capital assets, net		9,923,669 	  10,756,296 	
Total Assets	  11,241,576 	  11,865,049 	
			
Current liabilities	428,470	495,270	
Non-current liabilities	2,487,304		2,841,689 	
Total Liabilities	2,915,774		3,336,959 	
Deferred Inflows

Net investment in		
capital assets	7,377,740	7,862,982	
Restricted	171,261	101,276	
Unrestricted	745,813		512,809 	
Total Net Position	 $ 8,294,814 	 $ 8,477,067 	

of Resources	30,988		51,023  Net Position

The increase in current assets is primarily related to the increase in investments in the Capital Projects Fund in the current year.

The decrease in non-current liabilities is mainly related to the principal payments made on long- term debt in the current year.

The decrease in capital assets and net investment in capital assets is related to the current year depreciation.

The decrease in non-current assets and deferred inflows of resources is related to the payments received for the restaurant lease in the current year.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)
Financial Analysis of the District (Continued)
The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes.
Change In Net Position
Governmental Activities

Program Revenues		2024			2023		
Charges for services	$ 2,996,394	$ 2,915,308	
General Revenues Lease revenues	
16,833	
8,504	
Miscellaneous revenues	46,391	46,573	
Investment earnings		63,607 		41,855 	
Total Revenues		3,123,225 		3,012,240 	

Expenses
General government	

335,160	

272,132	
Physical environment	969,346	956,042	
Culture/recreation	1,870,920	1,946,434	
Interest and other charges		130,052 		150,240 	
Total Expenses		3,305,478 		3,324,848 	
Transfers		- 		21,864 	
Change in Net Position	(182,253)	(290,744)	
Net Position - Beginning of Year		8,477,067 		8,767,811 	
Net Position - End of Year	 $ 8,294,814 	 $ 8,477,067 	

The increase in charges for services for governmental activities is related to the increase in special assessments and usage fees in the current year.
The increase in general government is primarily related to the increase in engineering and legal fees in the current year.
The increase in physical environment is related to the increase in repair and maintenance expenses in the current year.
The decrease in culture/recreation is related to the decrease in special events and repair and maintenance expenses in the current year.
The decrease in interest and other charges is related to the reduction in total outstanding principal on long-term debt.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Capital Assets Activity

The following schedule provides a summary of the District’s capital assets as of September 30, 2024 and 2023.
Governmental Activities
Description	2024	2023

Land	$	2,692,929	$	2,692,929	
Infrastructure	22,045,230	22,045,230	
Equipment	802,407	802,407	
Accumulated depreciation	(15,616,897)	(14,784,270)	

Total Capital Assets (Net)	
$	
9,923,669	
$	
10,756,296	

Current year activity consisted of depreciation of $832,627.

General Fund Budgetary Highlights

Budgeted expenditures exceeded actual expenditures primarily because special events and access control system costs were less than anticipated.
The September 30, 2024 budget was not amended.

Debt Management
Governmental Activities debt includes the following:

In March 2015, the District issued $5,115,000 Capital Improvement Revenue Refunding Bonds, Series 2015A-1 and $720,000 Capital Improvement Revenue Refunding Bonds, Series 2015A-2. The Bonds were issued to refund the Capital Improvement Revenue Bonds, Series 2001A, Capital Improvement Revenue Bonds, Series 2003A, and Capital Improvement Revenue Bonds, Series 2005A. The balance outstanding at September 30, 2024 totaled $2,620,000.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Economic Factors and Next Year’s Budget

Lake Ashton Community Development District does not anticipate any economic factors to have a significant impact on operations in fiscal year 2025.
Request for Information

The financial report is designed to provide a general overview of Lake Ashton Community Development District’s finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the Lake Ashton Community Development District, c/o Governmental Management Services, 5385 N Nob Hill Road, Sunrise, Florida, 33351.

STATEMENT OF NET POSITION
September 30, 2024

ASSETS	
Current Assets	
Cash	
Investments	
Accounts receivable	
Accrued interest receivable	
Assessments receivable	
Lease receivable	
Prepaid expenses	
Total Current Assets	
Non-Current Assets	
Lease receivable	
Restricted Assets	
Investments	
Capital Assets, Not Being Depreciated	
Land	
Capital Assets, Being Depreciated	
Infrastructure	
Equipment	
Accumulated depreciation	
Total Non-Current Assets	
Total Assets	

Governmental Activities

$	81,177	
692,348	
1,146	
1,704	
5,647	
17,382	
	83,239 	
	882,643 	

21,713

413,551

LIABILITIES	
Current Liabilities	
Accounts payable	
Unearned revenues	
Deposits payable	
Accrued interest	
Bonds payable	
Total Current Liabilities	
Non-Current Liabilities	
Bonds payable, net	
Total Liabilities	

2,692,929

22,045,230	
802,407	
    (15,616,897)	
     10,358,933 	
     11,241,576 	

98,703	
15,159	
10,025	
54,583	
      250,000 	
      428,470 	

	2,487,304 
	2,915,774 

Deferred Inflows of Resources	
Leases	

	30,988 

NET POSITION	
Net investment in capital assets	
Restricted for debt service	
Unrestricted	
Total Net Position	

7,377,740	
171,261	
	745,813 	
 $	8,294,814 	

See accompanying notes to financial statements.

STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2024

Net (Expenses)	
Revenues and	
Changes in	
Net Position	
Governmental Activities	

Program	
Revenues	
Charges for Services	

$	(335,160)	
(969,346)	
(1,870,920)	
	(130,052)	
 $	(3,305,478)	

$	350,219	
91,833	
2,028,006	
	526,336 	
 $	2,996,394 	

$	15,059	
(877,513)	
157,086	
	396,284 	
(309,084)	

Functions/Programs	Expenses
Governmental Activities General government Physical environment Culture/recreation
Interest and other charges Total Governmental Activities

General Revenues	
Lease revenues	
Miscellaneous revenues	
Investment income	
Total General Revenues	

16,833	
46,391	
      63,607 	
     126,831 	

Change in Net Position	(182,253)	
Net Position - October 1, 2023		8,477,067 	
Net Position - September 30, 2024	$	8,294,814	

See accompanying notes to financial statements.

BALANCE SHEET – GOVERNMENTAL FUNDS
September 30, 2024

Total	
Governmental	
Funds	

ASSETS	
Cash	
Investments	
Due from other funds	
Accounts receivable	
Assessments receivable	
Accrued interest receivable	
Prepaid expenses	
Lease receivable	
Restricted assets	
Investments	
Total Assets	

$	74,660	
36,005	
1,707	
1,146	
4,736	
-	
83,239	
39,095	

$	-	
-	
1,053	
-	
911	
1,704	
-	
-	

$	6,517	
656,343	
-	
-	
-	
-	
-	
-	

$	81,177	
692,348	
2,760	
1,146	
5,647	
1,704	
83,239	
39,095	

-		413,551		-		413,551	
$	240,588		$	417,219		$	662,860		$	1,320,667	

General	Debt Service	Capital Projects

LIABILITIES, DEFERRED INFLOWS OF	
RESOURCES AND FUND BALANCES	
LIABILITIES	
Accounts payable	
Due to other funds	
Deposits payable	
Unearned revenues	
Total Liabilities	

$	98,703		$	-		$	-		$	98,703	
1,053		-		1,707		2,760	
10,025		-		-		10,025	
15,159		-		-		15,159	
124,940		-		1,707		126,647	

DEFERRED INFLOWS OF RESOURCES	
Leases	

30,988	-	-	30,988

83,239	
8,107	

-	
-	

-	
-	

83,239	
8,107	

-		417,219		-		417,219	
-		-		661,153		661,153	
(6,686)		-		-		(6,686)	
84,660		417,219		661,153		1,163,032	

FUND BALANCES	
Nonspendable-prepaid expenses	
Nonspendable-leases	
Restricted	
Debt service	
Assigned-capital projects reserve	
Unassigned	
Total Fund Balances	
Total Liabilities, Deferred Inflows of	
Resources and Fund Balances	

$	240,588

$	417,219	$

662,860

$	1,320,667

See accompanying notes to financial statements.

RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2024

Total Governmental Fund Balances

Amounts reported for governmental activities in the Statement of Net Position	
are different because:	

Accrued interest expense for long-term debt is not a current financial use	
and therefore, is not reported at the governmental fund level.	

$	1,163,032

Capital assets, land, $2,692,929, infrastructure, $22,045,230, and equipment,	
$802,407, net of accumulated depreciation, $(15,616,897), used in	
governmental activities are not current financial resources and therefore,	
are not reported at the fund level.	

Long-term liabilities, including bonds payable, $(2,620,000), net of bond	
premium, net, $(117,304), are not due and payable in the current period	
and therefore, are not reported at the fund level.	

9,923,669

(2,737,304)

(54,583)

Net Position of Governmental Activities	$	8,294,814

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS
For the Year Ended September 30, 2024

Total Governmental

Revenues	
Special assessments	
Charges for services	
Miscellaneous revenues	
Lease revenues	
Investment income	
Total Revenues	

$ 2,162,602		
$	526,336		
$	-		
$	2,688,938	
307,456		-		-		307,456	
46,391		-		-		46,391	
16,833		-		-		16,833	
17,268		21,086		25,253		63,607	
2,550,550		547,422		25,253		3,123,225	

Expenditures	
Current	
General government	
Physical environment	
Culture/recreation	
Debt service	
Principal	
Interest	
Total Expenditures	

General	Debt Service	Capital Projects	Funds

Other Financing Sources/(Uses)	
Transfers in	
Transfers out	
Total Other Financing Sources/(Uses)	

-		-		449,420		449,420	
(449,420)		-		-		(449,420)	
(449,420)		-		449,420		-	

335,160	
87,884	
1,646,566	

-	-	
-	101,925	
-	171,264	

335,160	
189,809	
1,817,830	

-		345,000		-		345,000	
-		146,625		-		146,625	
2,069,610		491,625		273,189		2,834,424	

Excess of revenues over/(under)	
expenditures	

201,484	288,801	

480,940	55,797	(247,936)	288,801

Net Change in Fund Balances	31,520		55,797		
Fund Balances - October 1, 2023	53,140		361,422		459,669		874,231	

Fund Balances - September 30, 2024	
$	84,660		
$	417,219		
$	661,153		
$	1,163,032	

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS
TO THE STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2024

Net Change in Fund Balances - Total Governmental Funds	$

Amounts reported for governmental activities in the Statement of Activities are	
different because:	

Repayment of bond principal is an expenditure at the governmental fund level,	
but the repayment reduces long-term liabilities in the Statement of Net Position.	

Bond premium does not utilize current resources and therefore, is amortized over the	
life of the bonds as interest expense at the government-wide level. This is the	
current year amortization.	

At the fund level interest is recognized when due. At the government-wide level	
interest is accrued on outstanding debt. This is the change in accrued interest.	

288,801

Governmental funds report capital outlays as expenditures. However, in the	
Statement of Activities, the cost of those assets is allocated over their	
estimated useful lives as depreciation. This is the amount of depreciation	
in the current period.	(832,627)	

345,000

9,385

7,188

Change in Net Position of Governmental Activities	$	(182,253)

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – BUDGET AND ACTUAL – GENERAL FUND
For the Year Ended September 30, 2024

Revenues	
Special assessments	
Charges for services	
Miscellaneous revenues	
Lease revenues	
Investment income	
Total Revenues	
Expenditures	
Current	
General government	
Physical environment	
Culture/recreation	
Total Expenditures	

$ 2,145,886	
300,000	
5,000	
19,600	
8,000	
2,478,486	

Variance with	
Final Budget	
Positive	
(Negative)	

Original	
Budget	

Final	
Budget	

$ 2,145,886	
300,000	
5,000	
19,600	
8,000	
2,478,486	

$2,162,602	
307,456	
46,391	
16,833	
17,268	
2,550,550	

$	16,716	
7,456	
41,391	
(2,767)	
9,268	
72,064	

Actual

318,403	
100,966	
1,758,142	
2,177,511	

318,403	
100,966	
1,758,142	
2,177,511	

335,160	
87,884	
1,646,566	
2,069,610	

(16,757)	
13,082	
111,576	
107,901	

Excess of revenues over/(under)	
expenditures	

300,975	300,975	480,940	179,965

Other Financing Sources/(Uses)	
Transfers out	

(449,420)	(449,420)	(449,420)	-

Net Change in Fund Balances	(148,445)	(148,445)	31,520	179,965

Fund Balances - October 1, 2023	148,445	148,445	53,140	(95,305)

Fund Balances - September 30, 2024	$

-	$	-

$	84,660

$	84,660

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The financial statements of Lake Ashton Community Development District (the “District”) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are described below.
Reporting Entity
The District was established on August 15, 2000, as Lake Myrtle Community Development District pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), by Ordinance No. 2000-11 of the City Commissioners of Lake Wales, as a Community Development District. The name was changed to Lake Ashton Community Development District on February 12, 2001. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of the infrastructure necessary for community development within its jurisdiction. The District is authorized to issue bonds for the purpose, among others, of financing, funding, planning, establishing, acquiring, constructing district roads, landscaping, and other basic infrastructure projects within or outside the boundaries of the Lake Ashton Community Development District. The District is governed by a five member Board of Supervisors. The District operates within the criteria established by Chapter 190, Florida Statutes.
As required by GAAP, these financial statements present the Lake Ashton Community Development District (the primary government) as a stand-alone government. The reporting entity for the District includes all functions of government in which the District’s Board exercises oversight responsibility including, but not limited to, financial interdependency, selection of governing authority, designation of management, significant ability to influence operations and accountability for fiscal matters.
Based upon the application of the above-mentioned criteria as set forth in Governmental Accounting Standards the District has identified no component units.
Measurement Focus and Basis of Accounting

The basic financial statements of the District are composed of the following:

Government-wide financial statements

Fund financial statements

Notes to financial statements

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Measurement Focus and Basis of Accounting (Continued)

Government-wide Financial Statements
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Government- wide financial statements report all non-fiduciary information about the reporting government as a whole. These statements include all the governmental activities of the primary government. The effect of interfund activity has been removed from these statements.
Governmental activities are primarily supported by special assessments and charges for services. Program revenues are netted with program expenses in the statement of activities to present the net cost of each program.

Amounts paid to acquire capital assets are capitalized as assets, rather than reported as an expenditure. Proceeds of long-term debt are recorded as liabilities in the government-wide financial statements, rather than as an other financing source.
Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure.
Fund Financial Statements

The underlying accounting system of the District is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self- balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.
Fund financial statements for the primary government’s governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

2. Measurement Focus and Basis of Accounting (Continued)

b. Fund Financial Statements (Continued) Governmental Funds
The District reports fund balance according to Governmental Accounting Standards Board Statement 54 – Fund Balance Reporting and Governmental Fund Type Definitions. The Statement requires the fund balance for governmental funds to be reported in classifications that comprise a hierarchy based primarily on the extent to which the government is bound to honor constraints on the specific purposes for which amounts in those funds can be spent.

The District has various policies governing the fund balance classifications.

Nonspendable Fund Balance – This classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.
Restricted Fund Balance – This classification includes amounts that can be spent only for specific purposes stipulated by constitution, external resource providers, or through enabling legislation.

Assigned Fund Balance – This classification consists of the Board of Supervisors’ intent to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District’s management company.
Unassigned Fund Balance – This classification is the residual classification for the government’s general fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance is considered to be utilized first when an expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used.
Fund Balance Spending Hierarchy – For all governmental funds except special revenue funds, when restricted, committed, assigned, and unassigned fund balances are combined in a fund, qualified expenditures are paid first from restricted or committed fund balance, as appropriate, then assigned and finally unassigned fund balances.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Measurement Focus and Basis of Accounting (Continued)
b. Fund Financial Statements (Continued) Governmental Funds (Continued)
Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter, to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.
Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Interest associated with the current fiscal period is considered to be an accrual item and so has been recognized as revenue of the current fiscal period.
Under the current financial resources measurement focus, only current assets and current liabilities are generally included on the balance sheet. The reported fund balance is considered to be a measure of “available spendable resources”.
Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period.
Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.
Amounts expended to acquire capital assets are recorded as expenditures in the year that resources are expended, rather than as fund assets. The proceeds of long- term debt are recorded as an other financing source rather than as a fund liability.
Debt service expenditures are recorded only when payment is due.
Basis of Presentation
Governmental Major Funds
General Fund – The General Fund is the District’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.
Debt Service Fund – The Debt Service Fund accounts for debt service requirements to retire the Capital Improvement Revenue Refunding Bonds.
Capital Projects Fund – The Capital Projects Fund accounts for the acquisition and construction of infrastructure improvements located within the District.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Basis of Presentation (Continued)
Non-current Governmental Assets/Liabilities
GASB Statement 34 requires that non-current governmental assets, such as capital outlay, and non-current governmental liabilities, such as capital improvement bonds, be reported in the governmental activities column in the government-wide Statement of Net Position.
Assets, Liabilities, Deferred Inflows of Resources, and Net Position or Equity
Cash and Investments
Florida Statutes require state and local governmental units to deposit monies with financial institutions classified as "Qualified Public Depositories," a multiple financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds. This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits.
The District is authorized to invest in those financial instruments as established by Section 218.415, Florida Statutes. The authorized investments consist of:
Direct obligations of the United States Treasury;

The Local Government Surplus Funds Trust or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperative Act of 1969;

Interest-bearing time deposits or savings accounts in authorized qualified public depositories;
Securities and Exchange Commission, registered money market funds with the highest credit quality rating from a nationally recognized rating agency.
Cash and investments include time deposits, certificates of deposit, money market funds, and all highly liquid debt instruments with original maturities of three months or less.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

4. Assets, Liabilities, Deferred Inflows of Resources, and Net Position or Equity (Continued)

Restricted Assets
Certain net position of the District are classified as restricted assets on the Statement of Net Position because their use is limited either by law through constitutional provisions or enabling legislation; or by restrictions imposed externally by creditors. In a fund with both restricted and unrestricted net position, qualified expenses are considered to be paid first from restricted net position and then from unrestricted net position.

Capital Assets

Capital assets, which include land, infrastructure and equipment, are reported in the governmental activities and business-type activities columns.
The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of one year. The valuation basis for all assets is historical cost.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized.
Major outlays for capital assets and improvements are capitalized as projects are constructed.
Depreciation of capital assets is computed and recorded by utilizing the straight-line method. Estimated useful lives of the various classes of depreciable capital assets are as follows:

Equipment	10 years
Infrastructure	20-30 years
Leases

The District determines if an arrangement is a lease at inception. Lessor arrangements are included as lease receivable and deferred inflows of resources. Payments collected for short-term leases with a lease term of 12 months or less are recognized as miscellaneous revenues as received. The District has a $25,000 threshold, for total lease receipts, for leases subject to GASB 87. Short-term leases and leases under the threshold are not included on the statement of net position in the financial statements of the District. These District’s leases are reflected in the statement of net position and fund financial statements.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

4. Assets, Liabilities, Deferred Inflows of Resources, and Net Position or Equity (Continued)
Bond Premiums

Bond premiums associated with the issuance of bonds are amortized over the life of the bonds using the straight-line method of accounting.
Budgets

Budgets are prepared and adopted after public hearings for the governmental funds, pursuant to Chapter 190, Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. Formal budgets are adopted for the general and debt service funds. As a result, deficits in the budget columns of the accompanying financial statements may occur.
Deferred Inflows of Resources

Deferred inflows of resources represent an acquisition of net position that applies to a future reporting period(s) and so will not be recognized as an inflow of resources (revenue) until then. The District only has one time that qualifies for reporting in the category. Unavailable revenues are reported only in the governmental funds balance sheet. This amount is deferred and recognized as an inflow of resources in the period that amounts become available.
NOTE	B	–		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS
Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position
“Total fund balances” of the District’s governmental funds, $1,163,032, differs from “net position” of governmental activities, $8,294,814, reported in the Statement of Net Position. This difference primarily results from the long-term economic focus of the Statement of Net Position versus the current financial resources focus of the governmental fund balance sheet. The effect of the differences is illustrated below:

NOTE	B	–		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)
Explanation of Differences Between the Governmental Fund Balance Sheet and the Government-wide Statement of Net Position (Continued)
Capital related items

When capital assets are purchased or constructed, the cost of those assets is reported as expenditures in governmental funds. However, the Statement of Net Position included those capital assets among the assets of the District as a whole.

Land	$	2,692,929	
Infrastructure	22,045,230	
Equipment	802,407	
Accumulated depreciation	  (15,616,897)	
Total	$	9,923,669	
Long-term debt transactions

Long-term liabilities applicable to the District’s governmental activities are not due and payable in the current period and accordingly are not reported as fund liabilities. All liabilities (both current and long-term) are reported in the Statement of Net Position. Balances at September 30, 2024 were:
Bonds payable	$ (2,620,000)
Bond premium, net		(117,304)
Bonds payable, net	$ (2,737,304)

Accrued interest

Accrued liabilities in the Statement of Net Position differ from the amount reported at the governmental fund level due to the accrued interest on bonds.
Accrued interest	$	(54,583)

NOTE	B	–		RECONCILIATION	OF	GOVERNMENT-WIDE	AND	FUND	FINANCIAL STATEMENTS (CONTINUED)
Explanation of Differences Between the Governmental Fund Operating Statements and the Statement of Activities
The “net change in fund balances” for government funds, $288,801, differs from the “change in net position” for governmental activities, $(182,253), reported in the Statement of Activities. The differences arise primarily from the long-term economic focus of the Statement of Activities versus the current financial resources focus of the governmental funds. The effect of the differences is illustrated below:

Capital related items
When capital assets that are to be used in governmental activities are purchased or constructed, the resources expended for those assets are reported as expenditures in governmental funds. However, in the Statement of Activities, the costs of those assets is allocated over their estimated useful lives and reported as depreciation. As a result, fund balances decrease by the amount of financial resources expended, whereas net position decreases by the amount of depreciation charged for the year.

Depreciation	$	(832,627)

Long-term debt transactions

When long-term debt is issued for governmental activities, the resources obtained are recognized as an other financing source at the fund level. At the government-wide level, however, the new debt increases non-current liabilities. Also, interest is recognized when due at the fund level, but is accrued at the government-wide level.

Principal payments	$	345,000	
Amortization of bond premium	$	9,385	
Accrued interest	$	7,188	

NOTE C – CASH AND INVESTMENTS

All deposits are held in qualified public depositories and are included on the accompanying balance sheet as cash and investments.
Custodial Credit Risk – Deposits
Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not be returned to it. The District does not have a formal deposit policy for custodial credit risk, however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2024, the District's bank balance was $99,807 and the carrying value was $81,177. Exposure to custodial credit risk was as follows. The District maintains all deposits in a qualified public depository in accordance with the provisions of Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes.

Investments

As of September 30, 2024, the District had the following investments and maturities:

	Investment		 Maturity Date 	 Fair Value 	
Florida PRIME	39 Days*	$	692,348	
U S Bank Money Market	N/A		413,551 	
Total		 $ 1,105,899 	
*Weighted average maturity

The District categorizes its fair value measurements within the fair value hierarchy recently established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. The District uses a market approach in measuring fair value that uses prices and other relevant information generated by market transactions involving identical or similar assets, liabilities, or groups of assets and liabilities.
Assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtaining quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable and uses significant unobservable inputs that use the best information available under the circumstances, which includes the District’s own data in measuring unobservable inputs.
Based on the criteria in the preceding paragraph, the investments in U S Bank Money Market are Level 1 assets.

NOTE C – CASH AND INVESTMENTS (CONTINUED)

Investments (Continued)

The District’s investment policy allows management to invest funds in investments permitted under Section 218.415, Florida Statutes. The investment in Florida PRIME is measured at amortized cost. Florida PRIME has established policies and guidelines regarding participant transactions and the authority to limit or restrict withdrawals or impose a penalty for an early withdrawal. As of September 30, 2024, there were no redemption fees, maximum transaction amounts, or any other requirement that would limit daily access to 100 percent of the account value.
Interest Rate Risk

The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates.
Credit Risk

The District's investments are limited by state statutory requirements and bond compliance. As of September 30, 2024, the District's investment in Florida PRIME was rated AAAm by Standard & Poor's. The District’s investment in U S Bank Money Market was not rated.
Concentration of Credit Risk

The District places no limit on the amount it may invest in any one fund. The investments in Florida PRIME represent 63% of the District’s total investments and U S Bank Money Market represent 37% of the District’s total investments.

The types of deposits and investments and their level of risk exposure as of September 30, 2024 were typical of these items during the fiscal year then ended.

NOTE D – CAPITAL ASSETS
Capital Asset activity for the year ended September 30, 2024 was as follows:

Balance	Balance
October 1,	September 30,
	2023	 	Additions	 	Deletions	 	2024	
Governmental Activities:		
Capital assets, not depreciated:		
Land	 $	2,692,929 	 $	- 	 $	- 	 $	2,692,929 	
Capital assets, being depreciated					
Infrastructure	22,045,230	-	-	22,045,230	
Equipment		802,407 		- 		- 		802,407 	
Total Capital Assets Being Depreciated		22,847,637 		- 		- 		22,847,637 	
Less accumulated depreciation
Infrastructure	
(14,211,867)	
(779,537)	
-	
(14,991,404)	
Equipment		(572,403)		(53,090)		- 		(625,493)	
Total Accumulated Depreciation		(14,784,270)		(832,627)		- 		(15,616,897)	
Total Capital Assets Depreciated, net		8,063,367 		(832,627)		- 		7,230,740 	
Governmental Activities Capital Assets	 $  10,756,296 	 $	(832,627)	 $	- 	 $	9,923,669 	

Depreciation of $779,537 was charged to physical environment and $53,090 was charged to culture/recreation.

NOTE E – INTERFUND ACTIVITY
Interfund balances at September 30, 2024, consisted for the following:

	Payable Fund	
Capital
 Receivable Fund		General Fund	Projects Fund	Total

General Fund

$	-	$

1,707	$

1,707

Debt Service Fund		1,053  	-  	1,053 

Total

 $	1,053 

 $	1,707 

 $	2,760 

  

The General Fund and Capital Projects Fund balance relates to expenditure paid by one funds on behalf another and were not repaid as of year-end. The General Fund and Debt Service Fund balance relates to assessments collected in General Fund on behalf of the Debt Service Fund that were not yet remitted to the Debt Service Fund as of year-end.

NOTE E – INTERFUND ACTIVITY (CONTINUED)

Interfund transfers for the year ended September 30, 2024, consisted of the following:

 Transfers Out 
 Transfers In		General Fund

Capital Projects Fund	 $	449,420 

Transfers from the General Fund to the Capital Projects Fund are related to budgeted capital reserve funding for the fiscal year.

NOTE F – LONG-TERM DEBT		
The following is a summary of activity for long-term debt for the 2024:	year ended September 30,	
Long-term debt at October 1, 2023	$	2,965,000	
Principal payments		(345,000)	
Long-term debt at September 30, 2024	2,620,000	
Bond premium, net		117,304	
Long-term debt, net at September 30, 2024	$	2,737,304	
Long-term debt is comprised of the following:		
Capital Improvement Revenue Refunding Bonds		
$5,115,000 Series 2015A-1 Capital Improvement Revenue		
Refunding Bonds due in annual principal installments beginning May 1, 2016 and maturing May 1, 2032. Interest is due semi-annually each May 1 and November 1, at an
interest rate of 5.0%. Current portion is $230,000.	$   2,225,000
$720,000 Series 2015A-2 Capital Improvement Revenue Refunding Bonds due in annual principal installments beginning May 1, 2016 and maturing May 1, 2037. Interest is due semi-annually on May 1 and November 1, at an interest
rate of 5.0%. Current portion is $20,000.	$    395,000

NOTE F – LONG-TERM DEBT (CONTINUED)

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2024 are as follows:

Year Ending
  September 30, 	
	Principal		
	Interest		
	Total		
2025	$	250,000	$	131,000	$	381,000	
2026	270,000	118,500	388,500	
2027	280,000	105,000	385,000	
2028	295,000	91,000	386,000	
2029	310,000	76,250	386,250	
2030-2034	1,100,000	149,250	1,249,250	
2035-2037		115,000 		11,750 		126,750 	
Totals	 $	2,620,000 	 $	682,750 	 $	3,302,750 	
Summary of Significant Bonds Resolution Terms and Covenants
The Series 2015A Bonds are subject to redemption at the option of the District prior to their maturity, in whole or in part, at any time on or after May 1, 2025 at the redemption price of the principal amount being redeemed, together with accrued interest to the date of redemption. The Series 2015A Bonds are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Trust Indenture.
The Trust Indenture established certain amounts be maintained in a reserve account. In addition, the Trust Indenture has certain restrictions and requirements relating to the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements.

NOTE F – LONG-TERM DEBT (CONTINUED)
The bond resolution establishes certain funds and determines the order in which revenues are to be deposited into these funds. A description of the significant funds, including their purposes, is as follows:
Reserve Fund – The Series 2015A Reserve Account was funded from the proceeds of the Series 2015A Bonds in an amount equal to 50% of the maximum annual debt service outstanding on the Series 2015A Bonds. Monies held in the reserve account will be used only for the purposes established in the Trust Indenture.

The following is a schedule of required reserve deposits as of September 30, 2024:

Reserve Balance

Reserve Requirement

Series 2015A Capital Improvement Revenue Refunding Bonds	$

195,938

$	191,375

NOTE G – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; and natural disasters for which the government carries commercial insurance. Settled claims from these risks have not exceeded commercial insurance coverage over the past three years.

NOTE H – SUBSEQUENT EVENT

In November 2024 and May 2025, the District made prepayments on the Series 2015 A-1 Bonds of $100,000 and $70,000, respectively. Likewise, in May 2025 the District made prepayments on the Series 2015 A-2 Bonds in the amount of $10,000.

INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Lake Ashton Community Development District Lake Wales, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements, as listed in the table of contents, of Lake Ashton Community Development District, as of and for the year ended September 30, 2024, and the related notes to the financial statements, which collectively comprise the basic financial statements and have issued our report thereon dated June 10, 2025.

Report on Internal Control Over Financial Reporting
In planning and performing our audit, we considered Lake Ashton Community Development District's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of Lake Ashton Community Development District’s internal control. Accordingly, we do not express an opinion on the effectiveness of Lake Ashton Community Development District's internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that have not been identified.

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To the Board of Supervisors
Lake Ashton Community Development District

Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether Lake Ashton Community Development District's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 10, 2025

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MANAGEMENT LETTER

To the Board of Supervisors
Lake Ashton Community Development District Lake Wales, Florida

Report on the Financial Statements
We have audited the financial statements of the Lake Ashton Community Development District as of and for the year ended September 30, 2024, and have issued our report thereon dated June 10, 2025.
Auditor’s Responsibility
We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Florida Auditor General.
Other Reports and Schedule
We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Auditor’s Report on an examination conducted in accordance with AICPA Professionals Standards, AT-C Section 315 regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in that report, which is dated June 10, 2025, should be considered in conjunction with this management letter.
Prior Audit Findings
Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been made to address findings and recommendations made in the preceding financial audit report. There were no findings or recommendations in the preceding financial audit report.

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To the Board of Supervisors
Lake Ashton Community Development District

Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, requires us to apply appropriate procedures and communicate the results of our determination as to whether or not Lake Ashton Community Development District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific conditions met. In connection with our audit, we determined that the Lake Ashton Community Development District has not met one of the conditions described in Section 218.503(1), Florida Statutes.
Pursuant to Sections 10.554(1)(i)5.b. and 10.556(8), Rules of the Auditor General, we applied financial conditions assessment procedures as of September 30, 2024 for the Lake Ashton Community Development District. It is management’s responsibility to monitor the Lake Ashton Community Development District’s financial condition; our financial condition assessment was based in part on the representations made by management and the review of the financial information provided by the same.
Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.
Specific Information

The information below was provided by management and has not been audited by us; therefore, we do not express an opinion or provide any assurance on the information.

As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)7, Rules of the Auditor General, Lake Ashton Community Development District reported:
The total number of District elected officials receiving statutory compensation, reported as employees for the purposes of the audit: 3
The total number of independent contractors, defined as individuals or entities that receive 1099s, to whom nonemployee compensation was paid in the last month of the District’s fiscal year: 33
All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency: $7,500
All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency: $3,609,362.97
Each construction project with a total cost of at least $65,000 approved by the District that is scheduled to begin on or after October 1, 2023, together with the total expenditures for such project: N/A
A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before the beginning of the fiscal year being reported if the District amends a final adopted budget under Section 189.016(6), Florida Statutes: The budget was not amended.

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To the Board of Supervisors
Lake Ashton Community Development District
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)9, Rules of the Auditor General, the Lake Ashton Community Development District reported:
The rate or rates of non-ad valorem special assessments imposed by the District:
$2,379.00 - $9,530.40.
The amount of special assessments collected by or on behalf of the District was
$2,688,938.
The total amount of outstanding bonds issued by the District and the terms of such bonds as: There were no new bonds issued by the District. The bonds outstanding are
$2,225,000 Series 2015 A-1 due on May 1, 2032 at an interest rate of 5.0%, and
$395,000 Series 2015 A-2 due on May 1, 2037 at an interest rate of 5.0%.

Additional Matters
Section 10.554(1)(i)3., Rules of the Auditor General, requires us to communicate noncompliance with provisions of contracts or grant agreements, or fraud, waste, or abuse, that has occurred, or are likely to have occurred, that has an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.
Purpose of this Letter

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 10, 2025

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INDEPENDENT ACCOUNTANTS’ REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
Lake Ashton Community Development District Lake Wales, Florida

We have examined Lake Ashton Community Development District's compliance with Section 218.415, Florida Statutes during the year ended September 30, 2024. Management is responsible for Lake Ashton Community Development District’s compliance with those requirements. Our responsibility is to express an opinion on Lake Ashton Community Development District’s compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about Lake Ashton Community Development District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on Lake Ashton Community Development District’s compliance with the specified requirements.

In our opinion, Lake Ashton Community Development District complied, in all material respects, with the aforementioned requirements during the year ended September 30, 2024.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 10, 2025

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Section VIII

Section B

Lake Ashton Community Development District

Community Director Report
Meeting Date: June 23, 2025

Submitted by:
Christine Wells, Community Director

Events and Activities

The 2026 Summer Music Series kicked off on May 9 at the HFC. The shows for June – September were advertised in the June LA Times and in several email blasts. Residents can purchase tickets online or at the Clubhouse Activities Office for the shows at the Clubhouse. The shows at the HFC can be purchased at the HFC Activities Desk.

The following shows will be at the Clubhouse:
6/27: Solo Cup Soiree with Free Whiskey
7/18: Peace, Love, and Music with Paisley Craze 8/29: Beach Party Bash with DJ Itsy
9/26: End of Summer Shindig with the Southshore Cruisers Band

Camp Lake Ashton is back and will be held June 30 – July 3. Staff solicited sponsorships and this year’s Camp Lake Ashton is sponsored by AdventHealth, Performance Golf Carts, Iceberg Home Services, Spring Lake Rehabilitation Center, and Freedom Health –

Medicare. There is a $5 placeholder required for Clubhouse activities and will be refunded when residents show up to the activities. The Jamboree will be $5 per person and will include snacks for everyone. We are excited to have this be a community-wide event with 9 total activities, including a Co-ed Cornhole Tournament, Ping Pong Tournament and Line Dancing at the HFC.

The following additional events are scheduled for June – July at the Clubhouse
6/18: Window Tinting Lunch & Learn 6/20: Crafting with Carmen - Drink Jar 6/23: Bloodmobile
6/24: CBD Lunch and Learn
6/25: Beaded Succulents Crafting Class 6/30 Camp LA Kickoff

The following bus trips are scheduled for 2025:
7/17: Polynesian Fire Luau Bus Trip
8/6: Annie at Broadway Palms Theater Bus Trip 9/8-9/12: Biloxi Bus Trip
10/15: Ringling Museum Bus Trip 11/15: Silver Springs Bus Trip

m

Newsletter:

Monday Coffee:
The following featured speakers are scheduled for upcoming Monday Coffee Meetings.
June 16: AdventHealth Talks
June 30: Camp Lake Ashton Kick-Off
November 3 – Brian Haas – Florida State Attorney
Safety and Security:
Staff have processed 2,823 Amenity Access Cards for Lake Wales and Winter Haven Residents and have issued approximately 1,400 RFID tags.
Residents can come in Tuesdays and Wednesdays (10 am – 1 pm) to get RFID tags (LW only) and Amenity Access Cards (LW and WH) at the Clubhouse. Residents that are unable to come during those times can make an appointment with the Office Manager for a time that is convenient for them.
There were several repairs made to various components of the security system in May. Response time seems to be getting better. Staff have stressed the need for more consistency.
Staff are working with the Account Manager to correct some issues with guest registration at the gate. Some guests were accidentally put under the wrong address, so residents were getting guest notifications that were not their guests.

Staff recommends having a closed security session in July or August for Supervisors to review the procedures in place for the new security system.

Follow-Up from Previous Board Meeting
Staff is continuing to work on a grant with FEMA due to damage incurred.
Charm City was advised of the Board’s decision to permit installation of a sign at the entrance to Lake Ashton on Thompson Nursery Road on November 18. Staff has received a signed agreement, but it is not fully executed. We are waiting on the final sign and location to move forward to a fully executed agreement.
The street sign blades have been received. The Operations Manager is working on a plan to install the signs and paint the poles at the same time.
Staff is working with Florida Public Utilities to get State of Florida pricing set up and submitting the rebate forms for the Restaurant equipment. I have followed up again and am hoping to have an answer prior to the June meeting. I have asked that a credit for State of Florida pricing be issued to our account once everything is set up.
One additional sign has been installed at the southern intersection of Muirfield Loop and Gullane Drive. Three signs are waiting to be installed at the intersection of Dunmore Drive and Ashton Club Drive. The sign brackets were on backorder so staff is working with the manufacturer to get an alternative bracket that can be shipped soon.
The roof replacement project at the Guard House is complete and is being evaluated by the Operations Manager before payment is approved.
The roof replacement project at the Shuffleboard Court (2 roofing structures) is scheduled to begin the first week in July.
A contract has been executed with Operation Paint to paint the Ballroom. Staff received samples of paint. They will be applied to a section of the Ballroom the week of June 16. Painting is scheduled to start July 23.
A contract has been executed for roller shades in the Ballroom. Staff is working with the vendor to pick fabric for the drapes and mock roman shades.
Staff decided to go with arched mock roman shades with an inside mount instead of cornice boards so the existing wood framework can be preserved. That would not have been possible with the installation of cornice boards.
Staff received an updated quote based on fabric choices and the installation of arched roman shades, and it is slightly over the amount that was originally approved by Supervisors at the May meeting. The amount is $51,623. The not to exceed amount that was approved was

$51,500. Staff would like the Board to consider increasing the amount to
$51,623.
Both Community Directors met with Supervisor Ulrich (LACDD) and Supervisor Aull (LAIICDD), as directed at the May Joint Board of Supervisors meeting, to discuss the Joint Amenity Facilities Policies on June 5. Supervisor Ulrich will give an update to Supervisors at the June meeting.
Staff are continuing to solicit quotes for the following:
Installation of a commercial refrigerator in the Ballroom Kitchen
Moving audio equipment from the Activities Office to the Activities closet.
Pressure Washing, Sealing, Replacement of boards on the East Golf Course bridges. We have received 3 quotes to pressure wash and seal the bridges. We are waiting for quotes for the replacement of bridge boards so we can present the complete project.
Staff are working with a hog trapper to take care of the intrusion of wild hogs in the community. As of today’s date, the hogs have not been seen again. The trapper asked that we keep him posted if we see any other signs of intrusion anywhere in the community. He will keep his cameras here until the corn is gone and will bill us for the supplies he used only.

At the May Board of Supervisors meeting staff were asked to investigate the area brought up regarding the installation of an RC car track with SWFWMD. Following the meeting a second location was given for staff to research with SWFWMD. Here are the two areas that were brought to SWFWMD to research feasibility.

SWFWMD stated the Board would need to apply for a permit modification for the area by RV Storage. For the old driving range, if that area is used then mitigation would need to take place which would typically involve creating, restoring, enhancing, or preserving wetlands to compensate for any losses.

A resident sent an email to staff asking for interested residents to contact her if they would like to be part of a group looking at the future of Lake Ashton. The following was included in recent blasts with an added disclaimer that let residents know this group is not sponsored or facilitated by LACDD or LAIICDD:
Where do you want to see Lake Ashton in the future? Let’s Shape It
Together.
As with Focus 2020 and Focus 2025, it’s time to take a fresh look at where
Lake Ashton is headed — and we want your voice in the conversation.
A group of residents from across Lake Ashton are forming a new independent committee to gather resident input and share community- driven insights with the CDD boards. If you’re passionate about Lake Ashton’s future and want to get involved, now’s your chance.
Interested or have questions? Reach out to Iris Realmuto at 603-759-3513 or iris@realmuto.net to learn more about how you can participate.
New Items for Board Consideration
A risk services site visit is scheduled with FIA, the District’s insurance provider, on July 1. This periodic site visit is taking place to assess potential hazards and provide recommendations for improvement.
Quotes for the following are included in the agenda packet for Supervisors’
consideration:
Replacement of the Card Room AC unit. This unit was installed in 2012. The evaporator coil on the condensing unit is leaking and it was recommended by all 3 proposers to replace the unit due to age.
Staff would like the Board to consider the replacement of the current weight bench/weight rack combo with a Smith machine. The current weight bench/weight rack combo requires the use of a spotter. Staff have been monitoring this piece of equipment, and most users do not utilize a spotter. A Smith machine typically does not require a spotter due to its design and safety features. The fixed bar path and safety catches (or stops) allow for controlled movements and prevent the bar from falling if you are unable to complete a rep. This makes it a safer option for solo workouts or those who prefer not to have a spotter.
The quotes received from Life Fitness and Valor Fitness include a Smith machine, flat/incline/decline bench, leg curl extension, preacher curl accessory, 2-45lb plates, 2-25lb plates, 4-5lb plates, and Olympic bar and plate rack.

Life Fitness Quote: Waiting on quote – will provide to Supervisors when received.
Valor Fitness Quote: $2,042.90
Warranty Information from Life Fitness: Waiting on vendor – will provide to Supervisors when received.
Warranty Information from Valor Fitness:
Bars: 1-year warranty under use with specified weight load guidelines as outlined in the product listing and under proper use- see notes below.*Note: Under normal use (bench press, deadlifts, squats, etc.) the Olympic bars will last years. Recently, with the growth in the Cross Training industry, workouts involve dropping the bars repetitively. Bars with a bolted end (as opposed to a bearing) are not meant to be dropped, as the bolt will eventually un-thread.
Olympic Plates: 1-year warranty under normal, intended use. Warranty does not cover damage from substituting Olympic plates as bumper plates, nor does warranty cover damage caused by dropping or slamming plates.
Racks/RIGS: 2-year frame, 1-year hardware.
ALL OTHER ITEMS: 180-day warranty on all items not specified herein. Warranty covers defects in manufacturing. Warranty does not cover any misuse of products.
Valor Fitness warranty may require the item to be returned to Valor Fitness at the owner’s expense for inspection. Images of damage to products may be required to be emailed to us prior to issuing a return authorization. Warranty issued to the original purchaser only – nontransferable. Proof of purchase may be required for warranty claims. Valor Fitness retains the right to inspect the item(s) and determine the best method to make our customer whole, either by replacing the item(s) with an exact or similar item(s), or partial or full refund. All warranty claims must be made within the specified period as noted.
Warranty terms are specified above and begin from date of purchase to the original purchaser only, non-transferable. Any claim made during this warranty period does not extend the warranty. In other words, a new warranty period does not start over again once a product has been repaired or replaced. The original warranty period still stands and will expire as stated above.

Project Name	Budget	Final Cost	Board Approval	Current Status	Status Updated	Paid from General Fund	Paid from Capital Projects Fund	
Clubhouse and Other Grounds Projects	

Conversion of Propane to Natural Gas	

$37,693.00		

4/15/2024	Staff is working on scheduling the conversion of the hot water heaters.

Paid as of 1/13/25
$885 - Hooking Restaurant line to meter and new quick connect hoses.
$18,235 - Restaurant Kitchen Equipment
$1,200 - Changing Ansul System for New Equipment in Restaurant Kitchen
$1,640 - Convert Spa Heater
$5,500 - New Pool Heater
DOES NOT INCLUDE REBATES IN PROCESS	

4/7/2025		

$27,460.00	
Replace Guard House Roof	$5,330.00		5/12/2025	The roofing project is complete. It is pending final review
before payment is issued.	6/10/2025			
Replace Shuffleboard Court Roofing
Structures	$10,800.00		5/12/2025	This project is scheduled to start the first week in July	6/10/2025			
Ballroom Refurbishment - Painting	$10,475.00		5/12/2025	This project is scheduled to start July 23. Samples have
been received and are pending application.	6/10/2025			
Ballroom Refurbishment - Carpet
Replacement	$35,000.00		5/12/2025	Staff is waiting for virtual pictures of the carpet selected
to choose a lay pattern.	6/10/2025			
Ballroom Refurbishment - Dance
Floor Replacement	$23,000.00		5/12/2025	Staff is waiting for virtual pictures from Shaw to move
forward with ordering.	6/10/2025			

Ballroom Refurbishment - Drape Replacement and Roller Shades	
$51,500.00		
5/12/2025	The roller shades have been ordered. The fabric that was chosen for the drapes increased the quote to $51,623. A deposit of $10,000 has been paid for this project	
6/10/2025		
$10,000.00	
Replace 48 Street Signs Throughout the Community	
$6,300.00	
$5,545.35	
12/16/2024	Street signs have been received. The Operations Manager is working on a plan for installation which will
including painting of poles.	
6/10/2025		
$5,545.35	
Pavement Management, Stormwater Management, Bridges, and Concrete Pathways	
Turnberry Lane Repave	$150,178.15		4/14/2025	Contract was executed. Project scheduled for October
timeframe.	5/5/2025			
Erosion Control Along a Pond Bank on Hole Number 4 on the East Golf
Course	
$20,292.00		
4/14/2025	Contract has been executed and pending scheduling. Deposit has been paid. Project is still active.	
6/10/2025		
$10,000.00	
Completed Projects - FY 2025	
Repair to Concrete Pathways (Hole 10 on the East Golf Course) and Minor Erosion Contol (Hole 12 on the East
Course)	
$7,650.00	
$6,400.00	
4/14/2025	
This project was completed on 5/29/25	
6/10/2025		
$6,400.00	

Project Name	Budget	Final Cost	Board Approval	Current Status	Status Updated	Paid from General Fund	Paid from Capital Projects Fund	
Install CIPP Liners on 5 Pipes Crossing Turnberry Lane in Addition to Spot Repairing an Adjacent Pipe with a
Mechanical Sleeve	
$39,471.50	
$33,699.02	
4/14/2025	
Project was completed on 5/22/25	
6/10/2025		
$33,699.02	
Replace Reme Halo Cartridges
Replaced in the Clubhouse	$6,630.00	$6,630.00	3/17/2025	This project was completed on 4/10/25	5/5/2025		$6,630.00	
Tennis Court Color Coat	$16,685.00	$16,685.00	1/21/2025	Completed on 2/12/25	3/10/2025		$16,685.00	

Repair 3 asphalt sections on Dunmore Drive	
$4,000.00	
$4,000.00	
8/26/2024	4045 Dunmore Drive
4049 Dunmore Drive
4081 Dunmore Drive Completed on 2/17/25	
3/10/2025		
$4,000.00	
Replace Media Center AC Unit	$7,500.00	$7,442.00	12/16/2024	This project was completed on 1/7/25	1/13/2025		$7,442.00	
Installation of permanent roofline lighting at the Clubhouse and Guard
House	
$28,902.00	
$28,902.00	
9/16/2024	
This project is complete.	
1/13/2025		
$28,902.00	
Clubhouse and Amenity Painting
(On FY 24 Project List)	$35,185.00	$35,185.00	7/15/2024	This project is completed.	1/13/2025		$35,185.00	
Seal pipe and fill near 4081 Dunmore
Drive	$8,845.00	$8,845.00	8/26/2024	4081 Dunmore Drive
This is completed.	1/13/2025		$8,845.00	
Turnberry Lane Geotechnical
Investigation	$3,650.00	$2,900.00	11/18/2024	This is complete. Report sent to Supervisors and included
in the January agenda packet	1/13/2025		$2,900.00	
Purchase 2 additional AED Units	$4,231.80	$4,231.80	11/18/2024	These were installed on 12/12/24	1/13/2025		$4,231.80	
Gutter Installation at the Clubhouse
(On FY 24 Project List)	$16,400.00	$16,400.00	8/19/2024	This project was completed on 11/4/24	11/11/2024		$16,400.00	
Totals	$529,718.45	$176,865.17				$0.00	$224,325.17	

Cardio Warranties

Product Type	
Series	Parts (Electrical & Mechanical)	
Labor	Cosmetic Items	
Frame**	
Motor	

Treadmills*	Aspire, Integrity, Symbio	
3 Years	
3 Years	
6 Months	
7 Years	
7 Years	

Treadmills*	
Elevation, Activate	2 Years - Electrical	
1 Year	
6 Months	
7 Years	
7 Years	
		1 Year - Mechanical					
Elliptical Cross- Trainers	Aspire, Integrity, Symbio	3 Years	3 Years	6 Months	7 Years	-	
Elliptical Cross- Trainers	Elevation, Activate	
2 Years	
1 Year	
6 Months	
2 Years	
-	
Upright & Recumbent Bikes	Aspire, Integrity, Symbio	
3 Years	
3 Years	
6 Months	
7 Years	
-	
Upright & Recumbent Bikes	Elevation, Activate	
2 Years	
1 Year	
6 Months	
2 Years	
-	
PowerMill	Life Fitness	3 Years	3 Years	6 Months	7 Years	7 Years	
Arc Trainers	Life Fitness	3 Years	3 Years	6 Months	7 Years	-	
TVs	Consoles	2 Years	3 Months	3 Months	-	-	

GX Cycle/ICG	
ICG	1 Year (includes pedal and saddle)	
3 Months	
3 Months	
5 Years	
-	

Strength Warranties

Product Type	
Labor	
Upholstery	
Springs	
Belts	
Bearings	
Cables	
Grips	Block, Pulleys, Plates, Rods	
Frame	Hardware, Mechanical, Electrical	Cosmetic/Items Not Specified	
Signature, Insignia, Axiom, Ion	3
Months	
3 Months	
3 Months	3
Months	
1 Year	
1 Year	
1 Year	
5 Years	10
Years	
3 Months	
3 Months	
Signature, Axiom, Ion Benches & Racks	
3
Months	
3 Months	
3 Months	
3
Months	
1 Year	
1 Year	
1 Year	
5 Years	
10
Years	
3 Months	
3 Months	
Signature, Axiom, Ion Plate Loaded	3
Months	
3 Months	
3 Months	3
Months	
1 Year	
1 Year	
1 Year	
5 Years	10
Years	
3 Months	
3 Months	
Hammer Strength Benches & Racks	
3
Months	
3 Months	
3 Months	
3
Months	
5 Years	
-	
3 Months	
-	
10
Years	
3 Months	
3 Months	
Hammer Strength Plate Loaded	3
Months	
3 Months	
-	3
Months	
5 Years	
-	
3 Months	
-	10
Years	
3 Months	
3 Months	
Hammer Strength MTS	3
Months	
3 Months	
3 Months	
1 Year	
5 Years	
-	
1 Year	
5 Years	10
Years	
3 Months	
3 Months	
Hammer Strength HD Elite	3
Months	
3 Months	
3 Months	
-	
5 Years	
1 Year	
3 Months	
5 Years	10
Years	
3 Months	
3 Months	
Hammer Strength Platforms	
-	
-	
-	
-	
-	
-	
-	
-	
1 Year	
3 Months	
3 Months	
Hammer Strength Traditional Wood Platforms	

-	

-	

-	

-	

-	

-	

-	

-	
10
Years	

3 Months	

3 Months	

Synrgy 360	3
Months	3 Months	3 Months	3
Months	1 Year	1 Year	1 Year	5 Years	10
Years	3 Months	3 Months	
Axiom Benches & Racks	3
Months	
3 Months	
3 Months	3
Months	
1 Year	
1 Year	
1 Year	
1 Year	10
Years	
3 Months	
3 Months	
Axiom (Protokon)	3
Months	3 Months	3 Months	3
Months	1 Year	1 Year	1 Year	1 Year	10
Years	3 Months	3 Months	
HD
Treadmill*	1 Year	-	-	-	-	-	-	-	3
Years	3 Years	6 Months	
HD Air Bike*	-	-	-	-	-	-	-	-	3
Years	3 Years	6 Months	
HD SPARC	1 Year	-	-	-	-	-	-	-	3
Years	2 Years	-	

Accessory Warranties

Product Type	Product	Warranty	

Agility	Life Fitness Speed Cones (Set of 6), Speed Ladder, Hurdle (Adjustable, Each)	
3 Months	

Bags	Hammer Strength Slam Bag (Black Neoprene, all sizes), Life Fitness Core Bag (all sizes)	
1 Year	

Bands	Power Band (all sizes, all colors), Mini Power Bands (all colors, all sizes)	
3 Months	

Bands	
Life Fitness Covered Resistance Tube (all sizes), LF Resistance Tube (Dual Grip, Anchor, all sizes, all colors), LF Resistance Tube (Looped, Anchor, all sizes, all colors)	

3 Months	

Bumper	
Hammer Strength Bumper, Urethane (all sizes, all colors)	
5 Years	

Bumper	Hammer Strength Bumper, Premium Rubber (all sizes, all colors)	
3 Years	

Bumper	Hammer Strength Bumper, Standard Rubber (all sizes, black), Hammer Strength Bumper, Recycled Rubber, USA (sizes 25-45lbs, black)	
1 Year	

Bumper	Hammer Strength Bumper, Recycled Rubber, USA (sizes 15lbs, black)	
3 Months	

Cable Attachment	Cable Attachment-LF Strap Handle, Rubber Grip (Short & Long)	
1 Year	

Cable Attachment	Cable Attachment-Rev Straight/Curl Bars/VBAR, 24in, Aluminum, Urethane Grip	
3 Years	

Cable Attachment	Cable Attachment-Lat Pull Bar, 48in, Aluminum, Urethane Grip	
3 Years	

Cable Attachment	Cable Attachment-Pressdown Rope, Nylon, Rubber Ends	
1 Year	

Cable Attachment	Cable Attachment-Row/Chin Handle, Aluminum, Urethane Grip	
3 Years	

Collar	Collar Spring with Rubber Handle (Pair), Collar Pair (Spring, Chrome)	
3 Months	

Collar	Collar, Lock Jaw OLY 2 & PRO 2 (Black Pair), Collar, Bulldog Olympic (Aluminum, Pair)	
1 Year	

Deadlift Blocks	DC Block, DC Flat Top (Each), DC Block Kit-16 (Set)	
5 Years	

Dumbbell	
Hammer Strength Dumbbell Sets & Each (Urethane, 12-Side, all sizes)	7 Years	
		(as of 9/1/23)	

Dumbbell	Hammer Strength Dumbbell Set & Each (Rubber, Round, all sizes), Cybex Dumbbell Set & Each (Cast Urethane, Round Flats, all sizes)	
3 Years	
Dumbbell	Hex Dumbbell Set & Each (Rubber, all sizes)	1 Year	

Dumbbell	Hammer Strength Pro100 Adjustable Dumbbell Kit & Each (all sizes)	
5 Years	

Dumbbell	Hammer Strength Dumbbells (Urethane, 4-Sided, Each, All Sizes)	5 Years	
		(as of 9/1/23)	

Fixed Barbell	Hammer Strength Barbell Straight Set & Each (PU, 12-Side, all sizes), Hammer Strength Barbell EZ Curl Set & Each (PU, 12-Side, all sizes)	7 Years	
		(as of 9/1/23)	

Fixed Barbell	
Hammer Strength Barbell Straight Set & Each (Rubber, Round, all sizes), Hammer Strength Barbell EZ Curl Set & Each (Rubber, Round, all sizes), Hammer Strength Barbell Straight Set & Each (Rubber, Round, all sizes), Hammer Strength Barbell EZ Curl Set & Each (Rubber, Round, all sizes)	

3 Years	

Fixed Barbell	

Hammer Strength Fixed Barbells (Urethane, 4- Sided, Each, All Sizes)	

5 Years (as of 9/1/23)	
Foam Roller	All Life Fitness Foam Rollers (all colors, firmness, sizes)	3 Months	
Hanging Accessories	TRX Suspension Trainer	1 Year	
Jump Rope	Life Fitness Vinyl Jump Rope (all colors, all sizes)	3 Months	

Kettlebell	Standard Kettlebell (Cast Iron, Charcoal, all sizes), ACFT Kettlebell (40lb, Cast Iron, Black)	
1 Year	

Kettlebell	
Hammer Strength Competition Kettlebell (all colors, all sizes), Life Fitness Kettlebell (Rubber, Stainless Handle, all sizes)	

2 Years	

Mat	LF Core Mat (all colors, all sizes), LF Yoga Mat (black)	
3 Months	
Mat	LF Yoga Mat, Black	3 Months	
Medicine Ball	ACFT Medicine Ball, 10lb, Rubber, Black	1 Year	
Medicine Ball	Life Fitness Medicine Ball (all colors, all sizes)	2 Years	

Misc.	ACFT Sled w/ Strap, Nylon, Black	1 Year	
Misc.	ACFT Tape Measure Reel, 30m	3 Months	

Olympic Bar	

Hammer Strength Olympic Bar (all sizes, materials, bearings), Hammer Strength Power Bar (all sizes, materials, bearings), Hammer Strength Gym Bar (all sizes, materials, bearings), Hammer Strength Training Bar (all sizes, materials, bearings), Hammer Strength Curl Bar (all sizes, materials, bearings, style), Hammer Strength OLY Bar (all sizes, materials, bearings, colors), Hammer Strength PWR Bar (all sizes, materials, bearings, colors)	

5 Years	

Olympic Bar	

Standard Curl Bar (all sizes, materials, bearings, styles)	

1 Year	
	
Hammer Strength Olympic Plate (Urethane, 12- Side, Each, all sizes)	7 Years	
Olympic Plate		(as of 9/1/23)	

Olympic Plate	Hammer Strength Olympic Plate, Rubber, RNDX, Each (all sizes)	
3 Years	

Plyo Box	Hammer Strength Plyo Box, Life Fitness Plyo Box (Covers defects in design, materials and workmanship)	
1 Year	
Punching Bag/Glove	Life Fitness Premium Heavy Bag, 40kg, Black, w/ Chains	1 Year	
Punching Bag/Glove	Life Fitness Bag Gloves, 10oz, Pair, Red	3 Months	
Rope	Battle Rope, 1.5in diameter, 30ft, Black	3 Months	
		Structural - 5 Years	

Specialty Bar	
Hex Bar, 1.9in Dual HT Grip, Black, 54lbs	Powder Coat - 3 Months	
		Warranty Against Factory Defects only	
		Structural - 5 Years	

Specialty Bar	
Football/Swiss Bar, 1.25in Grip, Black, 40lbs	Powder Coat - 3 Months	
		Warranty Against Factory Defects only	
	
Hammer Strength Hex Bar, Single HT, Black, 60lbs	Structural - 5 Years	
Specialty Bar		Powder Coat - 3 Months	

Stability Ball	Life Fitness Stability Ball (all colors, all sizes), Hammer Strength Stability Ball, 75cm, Black, Hand Air Pump	
3 Months	
Stability Ball	BOSU Pro Balance Trainer, Gray	1 Year	
Studio Barbell Set	Life Fitness Studio Single Barbell	1 Year	
Studio Barbell Set	Life Fitness Studio Single Plate, Urethane (all sizes)	3 Years	
Studio Barbell Set	Life Fitness Studio Single Pair Barbell Collar	3 Months	
Studio Barbell Set	Life Fitness Studio Barbell Rack	5 Years	

Studio Dumbbell Set	Life Fitness Studio Single Dumbbell (Urethane, all sizes), LF Studio Dumbbell (Urethane, Black/Grey, all sizes)	
3 Years	

Studio Dumbbell Set	
LF Studio Dumbbell Rack	
5 Years	
Studio Kettlebell Set	Life Fitness Studio Kettlebell (all sizes)	1 Year	
Studio Kettlebell Set	Life Fitness Studio Kettlebell Rack	5 Years	

Studio Step/Deck	Life Fitness Studio Step/Risers Set & Each, Life Fitness Studio Deck	
1 Year	

Tire	Life Fitness Flip Tire, Soft Vinyl (all sizes, Covers defects in design, materials and workmanship)	
1 Year	
Wall Ball	Escape Endura Wall Ball (all sizes)	1 Year	
Yoga	Life Fitness Yoga Block	3 Months	

Section 1

Lake Asthon CDD Equipment Purchase
Assembly & Delivery Fee would be $450 if you chose to go that route. Additional Recipients: mfisher@lakeashtoncdd.com

Customer	Invoice Details	Payment

Christine Wells cwells@lakeashtoncdd.com

PDF created June 15, 2025
$1,592.90

Due June 11, 2025
$1,592.90

Items	Quantity	Price	Amount	

DD-4 Flat/Incline/Decline Bench with Leg Pads WALK-IN	
1	
$251.00	
$251.00	
EX-1 Leg Curl/Extension Attachment for Bench WALK-IN	1	$66.00	$66.00	
EX-2 Preacher Curl Accessory WALK-IN	1	$66.00	$66.00	
BE-11 Smith Machine WALK-IN	1	$990.00	$990.00	
OP-45 Olympic Plate 45 lb (1) WALK-IN	2	$98.00	$196.00	
OP-25 Olympic Plate 25 lb (2) WALK-IN	1	$108.00	$108.00	
OPPU-5 Polyurethane Olympic Plates 5 lb (4) WALK-IN	1	$65.00	$65.00	
BH-7 Olympic Bar and Plate Rack WALK-IN	1	$132.00	$132.00	

Build Your Bundle 15% Off (15%)			
-$281.10	

Subtotal			
$1,592.90	

Total Due	$1,592.90

HEALTH CLUBS	HOSPITALITY

Chris Foederer
Email: chris.foederer@lifefitness.com Phone: (407) 341-1217

Inspiring the world to work out

QUOTE :	CPQ-16069	DATE :	06-16-2025

BILL TO : LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT

SHIP TO : LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT

4141 ASHTON CLUB DR	4141 ASHTON CLUB DR
LAKE WALES	LAKE WALES
FL 33859	FL 33859
US	US

ONSITE CONTACT
CHRISTINE WELLS
cwells@lakeashtoncdd.com

Thank you for the opportunity to present a comprehensive equipment recommendation. It is an honor to be considered and we hope you will select us to partner with you to create a premier fitness facility for your organization.

Choosing the right fitness equipment can be daunting. The products you select must be easy to use and inviting for a variety of exercisers. They must be durable and reliable -- capable of standing up to the rigors of continued daily use. That is why partnering with an industry-leading manufacturer uniquely qualified to guide you through the process is so important.

Life Fitness has over 30 years' experience helping facilities select their fitness equipment and create customized fitness environments that encourage exercisers to work out more often and lead healthier lives. We offer the largest breadth of cardio, strength and performance-training equipment, value-added services, and ongoing support to ensure that your facilities' needs will be met in the years to come.

If you have any questions or comments regarding our proposal, please contact us as indicated below. The Life Fitness team looks forward to supporting you in the future.

Sincerely, LIFE FITNESS

CPQ-16069	Inspiring the world to work out	Page 2

#	DESCRIPTION	CONFIGURATION DETAILS	QTY	LIST PRICE	UNIT PRICE	TOTAL PRICE	
Strength	

AXIOM SEATED LEG CURL EXTENSION
OP-SLCE

LF B&R MULTI ADJUSTABLE BENCH

LBR-MA

PLATINUM FRAME BLACK DOUBLE STITCH UPHOLSTERY STANDARD WGHT

FULL SHROUD

PLATINUM FRAME BLACK DOUBLE STITCH UPHOLSTERY

1	$5,566.00	$3,895.00	$3,895.00

1	$1,906.00	$1,395.00	$1,395.00

LF PLATE LOADED SMITH RACK OP-SM

PLATINUM FRAME	1	$4,631.00	$3,195.00	$3,195.00

Accessories

1	Hammer Olympic Plate 45LB,Rubber,RndX	2	$166.00	$125.00	$250.00	
HS-OP-3000-01					
2	Hammer Olympic Plate 25LB,Rubber,RndX	2	$93.00	$70.00	$140.00	
HS-OP-3002-01					
3	Hammer Olympic Plate 5LB,Rubber,RndX	4	$19.00	$14.00	$56.00	
HS-OP-3004-01					

CPQ-16069	Inspiring the world to work out	Page 3

IMAGES DISPLAYED ARE STOCK IMAGES ONLY

QUOTE :	CPQ-16069	DATE :	06-16-2025

BILL TO :	LAKE ASHTON COMMUNITY
DEVELOPMENT DISTRICT

SHIP TO :	LAKE ASHTON COMMUNITY
DEVELOPMENT DISTRICT

SHIPMENT :	STANDARD
FREIGHT TERMS :	Prepaid
FOB :	Shipping Point

LIST PRICE
CUSTOMER DISCOUNT SELLING PRICE
TARIFF SURCHARGE

:
:
:
:

$12,697.00
- $3,766.00
$8,931.00
$178.62

REMITTANCE ADDRESS
2716 NETWORK PLACE
CHICAGO, IL 60673 USA

PAYMENT TERM :	NET 30

FREIGHT / FUEL/ INSTALLATION	:	$1,098.51	
ESTIMATED SALES TAX	:	$0.00	
TOTAL (USD)	:	$10,208.13	

TERMS & CONDITIONS
This order quote is valid for 30 days. Buyer may accept by either (1) returning this quote with Buyer’s signature or (2) by Buyer issuing a Purchase Order against this quote to Life Fitness. In all cases, this order quote and its acceptance are subject to the Life Fitness Commercial Terms & Conditions of Sale posted online at www.lifefitness.com/en-us/legal/terms-conditions which supersede any terms in Buyer’s purchase orders, policies, vendor guidelines and any other documents that pre-date or post-date this purchase. Any inconsistent terms in Buyer’s documents are deemed to have been rejected.
Upon acceptance by Buyer and then Life Fitness, this Agreement shall become legally binding and constitutes the sole and complete agreement of the parties.
For avoidance of doubt, if Buyer and Life Fitness executed an active Master Agreement, the applicable Master Agreement will govern this Agreement and the Life Fitness Standard Terms and Conditions will supplement.

Section C

Lake Ashton
Community Development District

June 23, 2025
Matthew Fisher – Operations Manager

The most recent site visit report is included.
St. Augustine sod was installed around grease traps, Bocce Ball Ct, and various areas along Lake Ashton Blvd.
Pet Play Park sod has rooted well and the new Oak Trees are thriving. Palm frond trimming is coming up in July.
Residents will be informed of the dates once determined.
Queen Palm on the exit side of Lake Ashton Blvd is being monitored for disease.

Contracted Services

Landscaping

CDD ponds were reviewed with Applied Aquatics.
Recent rain has helped knock algae in ponds with blooms to the bottom of the pond.
Biweekly treatments of the storm water ponds are being completed.
An article was included in the June LA Times informing residents about algae blooms.
Wetland quarterly maintenance has been completed.
Boat ramp area to the Clubhouse semiannual maintenance completed.

Aquatic Management

Contracted Services

Staff installed new toilet paper and hand soap dispensers.
PSI completed the maintenance on the wall divider in the Ballroom. Staff soft washed the Clubhouse.
Staff pressure washed the paver walk way outside the Ballroom north side.
Kincaid replaced the box wall mounted flood lights on the south Ballroom exterior with sealed LED flood lights.
Street and logo signs replacement + pole painting is tentatively scheduled to begin last week in June.
Millers Central Air completed Clubhouse and Gate House preventative maintenance.

Completed/Pending

Facility Maintenance

Facility Maintenance Forecaster

 Install exit button covers at the Pool.  Clubhouse vinyl flooring cleaning.
 Pressure wash Pavilion soffits, screens and concrete floor.
 Replace faucet in woman’s handicap restroom in main hallway.  Pressure wash pavers in the Reflection Garden.
 Pressure wash fountain in front of the Gate House.

Section 1

SECTION (a)

Yellowstone Site Visit Report: 6/9/25

Task

Remarks (Including Specific Areas for improvement)

Mowing	Good Fair
Poor	Mow with the chute pointed away from the ponds. Blow off clippings after mowing each area at a time.
When approaching sandy areas around pond disengage blades.	
Edging (Roadside and plant beds)	Good
Fair Poor	Edging along the road and sidewalks are maintained well. No Round Up to edge beds	
String Trimming	Good
Fair Poor	Nothing to report.	
Weed Control Turf/Beds	Good Fair
Poor	Weeds are growing rapidly in beds. Please have this taken care of.. Artillery weed is most noted.	
Shrubs/Ground Cover Care	Good Fair Poor	Fire Bush at the entrance needs to be kept trimmed lower. Around 2 ft high.
Column ivy needs to be trimmed off the caps.
Aberdeen- dead shrubs need to be removed along fence line.
Bahia install pending along Aberdeen fence line to cover sandy areas. We are anticipating this being completed end of June.	

Tree Care	Good Fair Poor	Need to keep the limbs trimmed back to the oak trees near the Gate House so the gate arms and RVs don’t touch them.
Palm pruning is due in July. Dates pending.	

Litter and Debris	Good Fair
Poor	Please pick up all trash when blowing off the property in the AM.	
Pond Maintenance	Good
Fair Poor	String trim the correct direction around ponds. This will help keep grass clippings out of the ponds.
No need to be so aggressive string trimming around ponds. Leave some height to the grass around ponds.	
NOTES

Monitor what appears to be a declining Queen Palm tree on the exit side of Lake Ashton Blvd Two new Oak trees have been planted in the Pet Play Park- these are doing very well.
Bahia sod is rooting well in the Pet Play Park.

Sod around grease trap has been sprayed with herbicide killer. The plan is to remove that sod and level the area with soil. Then install new St. Augustine- the sod has been installed.

The purple perennial plants on the exit side are not growing as much as the entrance side. Check irrigation and fertilize.

Hibiscus bushes need to be trimmed south side of Ballroom.

2

Section 2

SECTION (a)

Applied Aquatic Site Visit Pond Checklist: 6/9/25
POND	APPERANCE	ALGAE	COMMENTS

E1	Good		Nothing to report	
E2	Fair	Yes	Algae treated 6/2	
E3	Good		Nothing to report	
E4	Fair	Yes	Algae treated 6/2	
E5	Fair		Grasses continue to be treated	
E6	Fair	Yes	Algae treated	
E7	Fair		Grass treated 6/2	
E8	Fair		Grass and algae treated 6/2	
E9	Fair		Grass treated 6/2. Pond dried up	
E10	Fair		Grass treated 6/2. Eastern end dried up	
E11	Good		Nothing to report	
E12	Good		Nothing to report	
E13	Good		Nothing to report	
E14	Good		Nothing to report	
GC1	Good		Nothing to report	
GC2	Good		Nothing to report	
GC3	Fair		Lotus lilies have been treated. Monitoring the application is working	
GC4	Good		Nothing to report	
GC5	Fair		Eelgrass treated 6/2	
GC6	Good	Yes	Algae treated 6/2	
GC7	Bad	Yes	Algae treated 6/2	
GC8	Fair		Eelgrass treated	
GC9	Fair		Nothing to report	
GC10	Good		Nothing to report	
GC11	Fair	Yes	Planktonic algae present. Treatments continue 6/2	
GC12	Good	Yes	Minor algae. Treated 6/2	
GC13	Good		Nothing to report	
GC14	Good		Nothing to report	
GC15	Good		Nothing to report	
GC16	Good		Nothing to report	
GC17	Good		Nothing to report	
GC18	Good		Nothing to report	
GC19	Fair		Eelgrass present. Treated 6/2	

GC20	Fair		Lilies being treated 6/2	
GC21	Good		Nothing to report	

LACDD GOLF COURSE PONDS

GC 5

GC 16

GC 17

GC 18

GC 3

GC 19

GC 2

GC 4

GC 21

GC 1

GC 12

GC 20

GC 6

GC 7

GC 8

GC 10

GC 15

GC 13

GC 14

GC 11

GC 9

LACDD PONDS

E8

E7	E9

E14

E10

E6

E11

E13

E12

E5

E4

E3

E1

E2

Section 3

BILL TO
Lake Ashton CDD
4141 Ashton Club Drive Lake Wales, FL 33859 USA

Iceberg Home Services 1101 42nd St NW
Winter Haven, FL 33881

ESTIMATE DATE
Jun 10, 2025

ESTIMATE
78897327

J O B A D D R E S S
Lake Ashton CDD
4141 Ashton Club Drive Lake Wales, FL 33859 USA

Job: 78455202

E S T I M AT E D E TA I L S

Bronze (Bronze ): Our Carrier 15 SEER Comfort model is an efficient and reliable HVAC system, perfect for mid-level needs. It balances performance and affordability with a 15 SEER rating for energy efficiency. This model ensures consistent temperature control, operates quietly, and is built to last. It also includes a UV system that helps reduce airborne bacteria and improve indoor air quality. Easy to maintain and dependable, it’s a great choice for those seeking quality and comfort without breaking the bank.

S E R V I C E	D E S C R I P T I O N	Q T Y	P R I C E	T O TA L	
InstallRGF24VUVLIGHT	RGF’s patented, high-quality BLU QR® UV Stick Light can	1.00	$0.01	$0.01	
	protect your coils from bacteria, mold spores, and odor. It’s				
	easy to install and makes for a cleaner, more efficient energy-				
	saving system.				
Comp 2yr	2-year Membership Benefits	1.00	$0.00	$0.00	
Membership	Special Member pricing on all parts and repairs		
	Priority Scheduling		
	No service call fee Monday-Friday 8AM-5PM		
	Lifetime warranty on workmanship		
	Member-only hotline		

Smart Maintenance

 Smart sensors & installation
 Monthly system health reports
 App access with technician support chat
 Live monitoring by our team of technicians

Included Annual Inspections

1 virtual AC visit/year

 1 onsite AC visit/year
 1 plumbing visit/year (water heater flush, water quality test, etc)
 Electrical safety visit/year

Credits

 $10 comfort credits per month  $25 annual filter credit

*Fees apply for premature cancelation of membership

3.5T 15S Carrier Comfort SC

The Carrier Comfort 15 SEER Air Conditioner offers enhanced cooling performance and energy efficiency, making it an excellent choice for homeowners seeking comfort and reliability. This model strikes a balance between advanced technology and affordability, providing superior climate control for various living spaces.
Key Features:

1.00	$13,948.00	$13,948.00

 Efficiency Rating: 15 SEER (Seasonal Energy Efficiency Ratio), ensuring reduced energy costs while maintaining comfortable indoor temperatures.
 Durable Construction: Built with a heavy-duty, galvanized steel cabinet designed to withstand the elements and provide long-lasting performance.
 Quiet Operation: Engineered for low sound levels, ensuring that your home remains peaceful even during operation.
 Eco-Friendly Refrigerant: Utilizes environmentally responsible refrigerant, aligning with modern sustainability standards.
 User-Friendly Controls: Compatible with smart thermostats for easy temperature management and enhanced energy savings.

Applications:
Perfect for residential use, particularly in areas with varying cooling demands, where efficiency and comfort are key.
Installation Requirements:
Professional installation is recommended to maximize performance and efficiency.
Warranty:
10 Year Parts and 1 Year Labor Warranty. Notes:
Available in various sizes to accommodate different home layouts and square footages, ensuring an optimal fit for your cooling needs.

SUB-TOTAL	$13,948.01	
TOTAL	$13,948.01	
EST. FINANCING	$178.56	
We appreciate customers like you! Thank you for your business
CUSTOMER AUTHORIZATION
This document is provided by Iceberg Home Services as a good faith estimate for the work to be performed at 4141 Ashton Club Drive, Lake Wales, FL 33859 USA. The pricing shown reflects our evaluation at the time of inspection and may not include additional labor or materials required if unforeseen conditions are discovered once work begins.
By signing below, I acknowledge that I am authorizing the described work to be performed and agree to pay the full amount for all work completed. Once signed, this estimate becomes a binding agreement for services.
I understand that the final price may change if additional work is required due to unforeseen issues. Any such changes will be communicated and approved prior to proceeding.
Right to Cancel:
Customer agrees and acknowledges that under state and federal law, Customer has the right to cancel this agreement upon written notice to the Company within three (3) business days of the Effective Date, without penalty.
Cancellation After 3-Day Period:
If this agreement is canceled after the three-day right to cancel has expired, a cancellation fee of 3% of the authorized amount will apply.
Waiver of Right to Cancel:
In the event any service, work, or repair is performed on the same day due to an emergency or because I choose to move forward with same-day service, I acknowledge and voluntarily waive my right to cancel this sale within three (3) business days. My signature below signifies my full and final acceptance of all work performed by the contractor.
For full terms and conditions, please refer to Terms and Conditions. Contractor License Numbers: CMC1250661, CFC1430540, EC13010408

Sign here	Date

BILL TO
Lake Ashton CDD
4141 Ashton Club Drive Lake Wales, FL 33859 USA

Iceberg Home Services 1101 42nd St NW
Winter Haven, FL 33881

ESTIMATE DATE
Jun 06, 2025

ESTIMATE
78655664

J O B A D D R E S S
Lake Ashton CDD
4141 Ashton Club Drive Lake Wales, FL 33859 USA

Job: 78455202

S E R V I C E	D E S C R I P T I O N	Q T Y	P R I C E	T O TA L

3.5T 14.3S
Bryant Split SC

The Bryant 14.3 SEER2 Affordable Air Conditioner is a reliable and cost-effective cooling solution designed for homeowners seeking efficient performance without breaking the bank. This base model balances quality and affordability, making it an excellent choice for moderate climate conditions.
Key Features:

1.00	$9,591.00	$9,591.00

 Efficiency Rating: 14.3 SEER2 (Seasonal Energy Efficiency Ratio), providing a good balance of energy savings and comfort.
 Durable Design: Constructed with a robust, galvanized steel cabinet to withstand outdoor elements and extend the unit's lifespan.
 Reliable Performance: Features a single-stage compressor for straightforward cooling operation, ensuring dependable performance throughout the cooling season.
 Quiet Operation: Designed with sound-dampening technology to minimize noise levels for a more comfortable indoor environment.
 Easy Maintenance: Simplified access to components for easy servicing and maintenance.

Applications:
Ideal for residential installations, particularly in moderate climates where efficient and affordable cooling is desired.
Installation Requirements:
Professional installation is recommended to ensure proper setup and optimal efficiency.
Warranty:
Includes a 10 Year Parts and 1 Year Labor Warranty

Notes:
Available in multiple sizes to fit various home square footages, making it a versatile option for many households.

POTENTIAL SAVINGS	$0.00	
SUB-TOTAL	$9,591.00	
TOTAL	$9,591.00	
EST. FINANCING	$122.78	
We appreciate customers like you! Thank you for your business
CUSTOMER AUTHORIZATION
This document is provided by Iceberg Home Services as a good faith estimate for the work to be performed at 4141 Ashton Club Drive, Lake Wales, FL 33859 USA. The pricing shown reflects our evaluation at the time of inspection and may not include additional labor or materials required if unforeseen conditions are discovered once work begins.
By signing below, I acknowledge that I am authorizing the described work to be performed and agree to pay the full amount for all work completed. Once signed, this estimate becomes a binding agreement for services.
I understand that the final price may change if additional work is required due to unforeseen issues. Any such changes will be communicated and approved prior to proceeding.
Right to Cancel:
Customer agrees and acknowledges that under state and federal law, Customer has the right to cancel this agreement upon written notice to the Company within three (3) business days of the Effective Date, without penalty.
Cancellation After 3-Day Period:
If this agreement is canceled after the three-day right to cancel has expired, a cancellation fee of 3% of the authorized amount will apply.
Waiver of Right to Cancel:
In the event any service, work, or repair is performed on the same day due to an emergency or because I choose to move forward with same-day service, I acknowledge and voluntarily waive my right to cancel this sale within three (3) business days. My signature below signifies my full and final acceptance of all work performed by the contractor.
For full terms and conditions, please refer to Terms and Conditions. Contractor License Numbers: CMC1250661, CFC1430540, EC13010408

Sign here	Date

Recommendations

Miller's Central Air www.millerscentralair.com FL: CA-C058675
work: (863) 699-5455

Daniel Rodriguez
Sales daniel@pricebook.millerscentralair.com

Prepared for	Card room - 3.5 Ton Trane Split Electric

Lake Ashton Clubhouse 4141 Ashton Club Drive Lake Wales FL 33859 cwells@lakeashtoncdd.com mobile: (863) 324-5457

Prepared
05/09/2025

Effective through
07/08/2025

Miller's Central Air
(863) 467-1545

Expires on
07/08/2025

Prepared by
Daniel Rodriguez

Prepared for
Lake Ashton Clubhouse

Economy

XR14 5TTA4-3
15.2 SEER2
12.0 EER2
Single Stage R-454B (A2L)

Choice 5TEM4
Multi-Speed

BAYHTR-LG
10kW
Lug
More equipment on page 4

System Price

$8,336

Your Price	$7,919

Scope of Work for Card room Proposal

Proposal is to replace systems to cools card room. removal of existing split system .
install new Trane 3.5 ton split system with 10 kw electric heater kit 3 phase 208/230 condenser .
will install air handler on new adjustable air handler stand and enclose with duct board. replace emergency overflow pan.
flush drain line and install new condensate safety switches. reconnect to existing condensate drain pump.
reconnect existing reme halo LED to new air handler.
reconnect existing ductwork and seal new connection with mastic. install new digital thermostat .
install condenser on existing slab and secure with hurricane rated straps. reconnect existing high voltage.
start up and test operation .

Trane commercial Equipment comes with 5 year compressor 1 year parts 1 year labor warranty

Extended Labor Warranty: $1,579 (price expires after installation date) 5 years labor coverage on mechanical parts and coils
	 Yes		 No
*We pull permits on all equipment change outs

Card room (option 1/1) Economy
Miller's Central Air ( 863) 467-1545

5TTA4042A3000*
Condenser	XR14

5TEM4D04AC31S*
Air Handler
Choice

3.5 Ton Trane Split Electric
AHRI Rating
15.2 SEER2 | 12.0 EER2

14 Single-Stage Air Conditioner - 208-230V Three-Phase

Multi-Speed Multi-Position Air Handler

 Heat Strip	BAYHTR1510LUG*	Heat Strip; Use with all TEM AHUs

 Thermostat	TCONT202AS11MA	Non-Connected Thermostats

Pricing

System Price	$8,336	
Rebates / discounts / credits	-$417	
Your Price	$7,919	

*Your Final Cost is an estimate. Homeowner must file for rebates and credits, and additional conditions may apply. Individual rebates and credits may not apply in your particular case.

Discounts/Instant Rebates	$417
Competitive Pricing	$417

WHY CHOOSE US?
Family owned and operated for over 30 years
Top rated on Google
5 Star Rating on Trane.com
A+ Rating on Angie’s List
Trane Comfort Specialist - Committed to continuous education and great customer service
Best technicians and employees in the industry
All employees work for Springer Bros. – No sub-contractors or temporary workers
Passed rigorous background check by retired FBI agent.
Engage in continuous training to keep up with the latest changes in the HVAC industry
After hours service available
A live person will always answer the phone
Evenings, weekends, & holidays. We are available to help you.
Our service vans are fully stocked and 99% of the time we can get your system running the same day you call.
Certified Licensed Contractor (CAC1817399)
Fully Insured to protect you and your home.
100% Satisfaction Guaranteed! We’re not done with our job until you’re 100% satisfied.

412 Dixie Hwy, Auburndale, Florida 33823 United States
(863) 967-0449

Estimate 97482444
Job 97481356
Estimate Date 5/19/2025
Customer PO

Billing Address
Lake Ashton Clubhouse 4141 Ashton Club Drive Lake Wales, FL 33859 USA

Estimate Details

Job Address
Lake Ashton Clubhouse 4141 Ashton Club Drive Lake Wales, FL 33859 USA

CARD ROOM - New HVAC Proposal: Includes new air conditioner, air handler, thermostat (Honeywell 5 year Part, 1 Year Labor Warranty), hurricane pad, float switch, wet switch, labor and materials.

Service #	Description	Quantity	Your Price	Your Total	
DESCRIPTION	Goodman System	1.00	$8,700.00	$8,700.00	
	Size: 3.5 Ton				
	Efficiency: 14.5 SEER2				
	Warranty: 5 Year Parts, 1 Year Labor (Commercial Applications)				

Discount	Investment: $8,700 - $1,000 = $7,700

Discount	
1.00	
-$1,000.00	
-$1,000.00	

Potential Savings $1,305.00
Sub-TotaIlnvestment$:7,700.00 Tax	$0.00
Total	$7,700 $7,700.00

Terms: 100% due on job completion.
Note: All HVAC equipment manufacturers require a minimum of one tune-up/cleaning per year to maintain the equipment warranty.

Section IX

Section A

Lake Ashton
Community Development District Combined Balance Sheet
May 31, 2025

	General	Debt Service Fund		Fund	Capital Projects	Totals
Fund	Governmental Funds	
Assets:
Cash:
Operating Account	

$	103,801	$	-	

$	-	$	103,801	
Capital Reserve Account	$	-	$	-	$	158,807	$	158,807	
Lease Receviable	$	60,171	$	-	$	-	$	60,171	
Due from Capital Projects	$	1,907	$	1,907	
Due from General Fund Investments:
Investment Pool - State Board of Administration	$	-	$	17,971

$	817,787	$	-	$	-	$	17,971

$	848,863	$	1,666,650	
Series 2015
Reserve	
$	-	$	183,875	
$	-	$	183,875	
Revenue	$	-	$	83,442	$	-	$	83,442	
Prepayment 2015-1	$	-	$	15,263	$	-	$	15,263	
Prepayment 2015-2	$	-	$	70	$	-	$	70	
Total Assets	$	983,667	$	300,621	$	1,007,670	$	2,291,958	
Liabilities:
Accounts Payable	

$	172,897	$	4,295	

$	50,245	$	227,437	
Due to Debt Service	$	17,971	$	-	$	-	$	17,971	
Due to General Fund	$	-	$	-	$	1,907	$	1,907	
Deposits Ballroom Rentals	$	6,425	$	-	$	-	$	6,425	
Deposits-Restaurant	$	5,000	$	-	$	-	$	5,000	
Deferred Revenue-Leases	$	51,023	$	-	$	-	$	51,023	
Total Liabilites	$	253,316	$	4,295	$	52,152	$	309,764	
Fund Balance:
Restricted for:
Debt Service - Series 2015	

$	-	$	296,326	

$	-	$	296,326	
Assigned for:			
Capital Reserves	$	-	$	-	$	955,518	$	955,518	
Unassigned	$	730,350	$	-	$	-	$	730,350	
Total Fund Balances	$	730,350	$	296,326	$	955,518	$	1,982,194	
					
Total Liabilities & Fund Balance	$	983,667	$	300,621	$	1,007,670	$	2,291,958	

Section B

Variance

Thru 05/31/25	Thru 05/31/25

Budget

Actual

Prorated Budget

Adopted

Revenues
Interest

$	500	$

333

$	21,140

$	20,807

Total Revenues

$

500

$

333

$	21,140

$	20,807

Expenditures:
Capital Projects Pavement/Curb Repairs Restaurant Equipment Permanent Roofline Lighting Clubhouse Painting Seamless Gutters
AED Kits
Tennis Court Resurface Shoreline Restoration Ballroom Refurbishment Street Sign Replacement Stormwater Repairs
Contingencies
Other Current Charges

$	312,319
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	223,150
$	650

$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	-
$	148,767
$	433

$	-
$	6,400
$	20,960
$	28,902
$	35,185
$	16,400
$	4,232
$	16,685
$	24,011
$	10,000
$	5,545
$	33,699
$	20,972
$	164

$	-
$	(6,400)
$	(20,960)
$	(28,902)
$	(35,185)
$	(16,400)
$	(4,232)
$	(16,685)
$	(24,011)
$	(10,000)
$	(5,545)
$	(33,699)
$	127,795
$	270

Total Expenditures

$	536,119

$	149,200

$	223,155

$	(73,955)

Excess (Deficiency) of Revenues over Expenditures

$  (535,619)

$  (202,015)

Other Financing Sources/(Uses)
Transfer In/(Out)

$	496,380

$	496,380

$	496,380	$	-

Total Other Financing Sources (Uses)

$	496,380

$	496,380

$	496,380

$

-

Net Change in Fund Balance

$	(39,239)

$	294,365

Fund Balance - Beginning

$	401,082

$	661,153

Fund Balance - Ending

$	361,843

$	955,518

Section C

	Adopted	Prorated Budget		Actual		
		Budget	Thru 05/31/25	Thru 05/31/25		Variance	
Revenues:									
Special Assessments - Levy	$	2,336,611	$	2,336,611	$	2,329,565	$	(7,045)	
Rental Income	$	40,000	$	26,667	$	28,750	$	2,083	
Entertainment Fees	$	165,000	$	110,000	$	148,685	$	38,685	
Newsletter Ad Revenue	$	95,000	$	63,333	$	80,550	$	17,216	
Interest Income	$	8,000	$	5,333	$	17,787	$	12,454	
Restaurant Lease Income	$	19,600	$	13,067	$	7,971	$	(5,096)	
Sponsorship - Advent Health	$	8,000	$	8,000	$	8,000	$	-	
Miscellaneous Income	$	9,000	$	6,000	$	15,366	$	9,366	
Miscellaneous Income-Reimbursed Repairs	$	-	$	-	$	8,250	$	8,250	
Miscellaneous Income-Inurance Proceeds	$	-	$	-	$	4,769	$	4,769	
Total Revenues	$	2,681,211	$	2,569,011	$	2,649,693	$	80,682	
Expenditures:									
General & Administrative:									
Supervisor Fees	$	12,000	$	8,000	$	4,500	$	3,500	
FICA Expense	$	918	$	612	$	344	$	268	
Engineering	$	50,000	$	33,333	$	48,643	$	(15,309)	
Arbitrage	$	600	$	400	$	-	$	400	
Dissemination	$	1,575	$	1,050	$	1,900	$	(850)	
Attorney	$	45,000	$	30,000	$	27,152	$	2,848	
Annual Audit	$	4,000	$	2,667	$	-	$	2,667	
Trustee Fees	$	4,310	$	2,873	$	-	$	2,873	
Management Fees	$	69,731	$	46,487	$	46,487	$	(0)	
Management Fees-Beyond Contract	$	525	$	350	$	500	$	(150)	
Accounting System Software	$	1,000	$	667	$	667	$	0	
Postage	$	3,500	$	2,333	$	1,924	$	410	
Printing & Binding	$	500	$	333	$	17	$	317	
Newsletter Printing	$	55,000	$	36,667	$	38,926	$	(2,259)	
Marketing	$	3,000	$	2,000	$	-	$	2,000	
Rentals & Leases	$	4,000	$	2,667	$	1,133	$	1,534	
Insurance	$	90,034	$	90,034	$	83,239	$	6,795	
Legal Advertising	$	1,500	$	1,000	$	342	$	658	
Other Current Charges	$	750	$	500	$	194	$	306	
Property Taxes	$	13,500	$	9,000	$	-	$	9,000	
Office Supplies	$	300	$	200	$	16	$	184	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	361,918	$	271,348	$	256,159	$	15,189	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 05/31/25	Thru 05/31/25	Variance	
Operations & Maintenance					
Field Expenditures					
Field Management Services	$	521,549	$	347,699	$	347,699	$	(0)	
Gate/Patrol/Pool Officers	$	372,436	$	248,291	$	240,433	$	7,858	
Security/Fire Alarm/Gate Repairs	$	9,500	$	6,333	$	2,442	$	3,891	
Access Control System	$	60,362	$	40,241	$	44,782	$	(4,541)	
Security Credentials	$	-	$	-	$	113	$	(113)	
Pest Control	$	4,690	$	3,127	$	2,435	$	692	
Telephone/Internet	$	8,000	$	5,333	$	5,067	$	266	
Electric	$	240,000	$	160,000	$	160,824	$	(824)	
Water	$	16,000	$	10,667	$	8,434	$	2,232	
Gas-Pool	$	25,000	$	16,667	$	2,426	$	14,240	
Refuse	$	8,000	$	5,333	$	5,403	$	(70)	
Repairs and Maintenance-Clubhouse	$	85,600	$	57,067	$	41,710	$	15,357	
Repairs and Maintenance-Fitness Center	$	3,000	$	2,000	$	1,053	$	947	
Repairs and Maintenance-Bowling Lanes	$	17,000	$	11,333	$	10,343	$	991	
Repairs and Maintenance-Restaurant	$	6,000	$	4,000	$	6,780	$	(2,780)	
Repairs and Maintenance-Restaurant
Furniture, Fixtures, Equipment	$	10,000	$	6,667	$	4,520	$	2,147	
Repairs and Maintenance-Pool	$	15,000	$	10,000	$	24,844	$	(14,844)	
Repairs and Maintenance-Golf Cart	$	5,400	$	3,600	$	4,952	$	(1,352)	
Repairs and Maintenance-Reimbursed	$	-	$	-	$	375	$	(375)	
Landscape  Maintenance-Contract	$	194,520	$	129,680	$	129,680	$	-	
Landscape  Maintenance-Improvements	$	15,000	$	10,000	$	6,521	$	3,479	
Irrigation Repairs	$	8,500	$	5,667	$	748	$	4,919	
Lake  Maintenance-Contract	$	55,237	$	36,825	$	36,824	$	1	
Lake  Maintenance-Other	$	2,000	$	1,333	$	1,360	$	(27)	
Wetland/Mitigation Maintenance	$	46,698	$	31,132	$	23,350	$	7,782	
Permits/Inspections	$	3,000	$	2,000	$	420	$	1,580	
Office Supplies/Printing/Binding	$	5,000	$	3,333	$	1,979	$	1,354	
Credit Card Processing Fees	$	7,500	$	5,000	$	1,962	$	3,038	
Dues & Subscriptions	$	9,500	$	6,333	$	7,856	$	(1,523)	
Decorations	$	2,000	$	1,333	$	89	$	1,244	
Special Events	$	165,000	$	114,940	$	114,940	$	-	
Storm Damage	$	-	$	-	$	12,136	$	(12,136)	
Total Operations & Maintenance	$ 1,921,492	$	1,285,935	$ 1,252,503	$	33,431	
					
Total Expenditures	$ 2,283,409	$	1,557,283	$ 1,508,662	$	48,620	
					
Excess (Deficiency) of Revenues over Expenditures	$	397,801		$ 1,141,030		
Other Financing Sources/(Uses):					
Transfer In/(Out)	$  (496,380)	$	(496,380)	$  (496,380)	$	-	
Total Other Financing Sources/(Uses)	$  (496,380)	$	(496,380)	$  (496,380)	$	-	
					
Net Change in Fund Balance	$	(98,579)		$	644,650		
					
Fund Balance - Beginning	$	98,579		$	85,700		
					
Fund Balance - Ending	$	0		$	730,350		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 05/31/25	Thru 05/31/25	Variance	
Revenues:					
Assessments - Tax Roll	$	416,871	$	416,871	$	391,313	$	(25,558)	
Assessments - PPMT 2015-1	$	-	$	-	$	25,201	$	25,201	
Assessments - PPMT 2015-2	$	-	$	-	$	3,481	$	3,481	
Interest Income	$	500	$	333	$	12,613	$	12,279	
Total Revenues	$	417,371	$	417,204	$	432,607	$	15,403	
Expenditures:					
Series 2015-1
Interest - 11/01	
$	55,625	
$	55,625	
$	55,625	
$	-	
Interest - 05/01	$	55,625	$	55,625	$	53,125	$	2,500	
Principal - 05/01	$	230,000	$	230,000	$	220,000	$	10,000	
Special Call - 11/01	$	50,000	$	50,000	$	100,000	$	(50,000)	
Special Call - 05/01	$	-	$	-	$	70,000	$	(70,000)	
Series 2015-2
Interest - 11/01	
$	10,000	
$	10,000	
$	9,875	
$	125	
Interest - 05/01	$	10,000	$	10,000	$	9,875	$	125	
Principal - 05/01	$	20,000	$	20,000	$	20,000	$	-	
Special Call - 11/01	$	-	$	-	$	15,000	$	(15,000)	
Total Expenditures	$	431,250	$	431,250	$	553,500	$  (122,250)	
					
Excess (Deficiency) of Revenues over Expenditures	$	(13,879)		$  (120,893)		
					
Net Change in Fund Balance	$	(13,879)		$  (120,893)		
					
Fund Balance - Beginning	$	128,342		$	417,219		
					
Fund Balance - Ending	$	114,463		$	296,326		

	Oct-24	Nov-24	Dec-24	Jan-25	Feb-25	Mar-25	Apr-25	May-25	Jun-25	Jul-25	Aug-25	Sep-25	Total	
Revenues:																			
Special Assessments - Levy	$	-	$	583,990  $	1,550,227  $	66,257  $	61,390  $	21,947  $	35,608  $	10,146  $	-	$	-	$	-	$	-	$	2,329,565	
Rental Income	$	6,000  $	1,400  $	4,650  $	4,250  $	1,250  $	3,800  $	3,150  $	4,250  $	-	$	-	$	-	$	-	$	28,750	
Entertainment Fees	$	10,819  $	15,765  $	3,559  $	12,264  $	12,633  $	5,139  $	85,973  $	2,534  $	-	$	-	$	-	$	-	$	148,685	
Newsletter Ad Revenue	$	12,812  $	9,416  $	11,042  $	20,448  $	11,431  $	6,721  $	8,682  $	-	$	-	$	-	$	-	$	-	$	80,550	
Interest Income	$	84  $	0  $	194  $	3,568  $	3,703  $	3,776  $	3,359  $	3,101  $	-	$	-	$	-	$	-	$	17,787	
Restaurant Lease Income	$	1,221  $	1,221  $	1,221  $	1,221  $	1,000  $	1,293  $	146  $	646  $	-	$	-	$	-	$	-	$	7,971	
Sponsorship	$	-	$	-	$	-	$	8,000  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	8,000	
Miscellaneous Income	$	1,711  $	733  $	1,300  $	3,035  $	2,983  $	1,601  $	1,961  $	2,042  $	-	$	-	$	-	$	-	$	15,366	
Miscellaneous Income-Reimbursed Repairs	$	350  $	2,310  $	-	$	-	$	2,310  $	770  $	1,640  $	870  $	-	$	-	$	-	$	-	$	8,250	
Miscellaneous Income-Inurance Proceeds	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	4,769  $	-	$	-	$	-	$	-	$	4,769	
Total Revenues	$	32,997  $ 614,836  $	1,572,193  $	119,043  $	96,700  $	45,046  $	140,519  $	28,359  $	-	$	-	$	-	$	-	$	2,649,693	
Expenditures:																			
General & Administrative:																			
Supervisor Fees	$	-  $	450  $	450  $	450  $	900  $	900  $	450  $	900  $		-  $		-  $		-  $		-  $	4,500	
FICA Expense	$	-  $	34  $	34  $	34  $	69  $	69  $	34  $	69  $		-  $		-  $		-  $		-  $	344	
Engineering	$	4,069  $	5,993  $	7,008  $	3,084  $	8,713  $	11,457  $	4,320  $	4,000  $		-  $		-  $		-  $		-  $	48,643	
Arbitrage	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $	-	
Dissemination	$	131  $	631  $	131  $	131  $	131  $	131  $	481  $	131  $		-  $		-  $		-  $		-  $	1,900	
Attorney	$	175  $	3,166  $	3,923  $	3,327  $	3,916  $	3,505  $	4,640  $	4,500  $		-  $		-  $		-  $		-  $	27,152	
Annual Audit	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $	-	
Trustee Fees	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $	-	
Management Fees	$	5,811  $	5,811  $	5,811  $	5,811  $	5,811  $	5,811  $	5,811  $	5,811  $		-  $		-  $		-  $		-  $	46,487	
Management Fees	$	-  $	-  $	-  $	-  $	-  $	-  $	500  $	-  $		-  $		-  $		-  $		-  $	500	
Accounting System Software	$	83  $	83  $	83  $	83  $	83  $	83  $	83  $	83  $		-  $		-  $		-  $		-  $	667	
Postage	$	80  $	274  $	146  $	1,050  $	32  $	141  $	6  $	196  $		-  $		-  $		-  $		-  $	1,924	
Printing & Binding	$	-  $	-  $	-  $	-  $	-  $	17  $	-  $	-  $		-  $		-  $		-  $		-  $	17	
Newsletter Printing	$	4,405  $	4,945  $	4,545  $	5,100  $	5,100  $	5,100  $	5,100  $	4,631  $		-  $		-  $		-  $		-  $	38,926	
Marketing	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $	-	
Rentals & Leases	$	290  $	-  $	145  $	145  $	264  $	145  $	145  $	-  $		-  $		-  $		-  $		-  $	1,133	
Insurance	$	83,239  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $	83,239	
Legal Advertising	$	-  $	-  $	93  $	45  $	-  $	-  $	111  $	93  $		-  $		-  $		-  $		-  $	342	
Other Current Charges	$	-  $	130  $	72  $	(72)  $	-  $	19  $	45  $	-  $		-  $		-  $		-  $		-  $	194	
Office Supplies	$	3  $	-  $	3  $	3  $	3  $	4  $	-  $	3  $		-  $		-  $		-  $		-  $	16	
Dues, Licenses & Subscriptions	$	175  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $		-  $		-  $		-  $	175	
Total General & Administrative	$	98,460  $	21,517  $	22,443  $	19,191  $	25,023  $	27,381  $	21,727  $	20,416  $		-  $		-  $		-  $		-  $	256,159	

	Oct-24	Nov-24	Dec-24	Jan-25	Feb-25	Mar-25	Apr-25	May-25	Jun-25	Jul-25	Aug-25	Sep-25	Total	
Operations & Maintenance														
Field Expenditures
Field Management Services	
$	43,462	
$  43,462	
$	43,462	
$	43,462	
$	43,462	
$	43,462	
$	43,462	
$	43,462	
$	-	
$	-	
$	-	
$	-	
$	347,699	
Gate/Patrol/Pool Officers	$	29,430	$  28,632	$	30,538	$	31,087	$	27,833	$	30,987	$	30,963	$	30,963	$	-	$	-	$	-	$	-	$	240,433	
Gate/Patrol/Pool Officers-Events	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Security/Fire Alarm/Gate Repairs	$	-	$	195	$	823	$	-	$	213	$	-	$	600	$	612	$	-	$	-	$	-	$	-	$	2,442	
Access Control System	$	5,593	$	5,593	$	5,593	$	5,630	$	5,593	$	5,593	$	5,593	$	5,593	$	-	$	-	$	-	$	-	$	44,782	
Security Credentials	$	-	$	-	$	-	$	-	$	-	$	-	$	113	$	-	$	-	$	-	$	-	$	-	$	113	
Pest Control	$	395	$	250	$	250	$	395	$	250	$	250	$	250	$	395	$	-	$	-	$	-	$	-	$	2,435	
Telephone/Internet	$	665	$	515	$	650	$	580	$	539	$	539	$	549	$	1,029	$	-	$	-	$	-	$	-	$	5,067	
Electric	$	21,115	$  19,529	$	19,205	$	19,271	$	20,602	$	19,701	$	20,320	$	21,082	$	-	$	-	$	-	$	-	$	160,824	
Water	$	2,452	$	1,380	$	965	$	965	$	883	$	-	$	-	$	1,789	$	-	$	-	$	-	$	-	$	8,434	
Gas-Pool	$	1,839	$	419	$	168	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,426	
Refuse	$	518	$	559	$	628	$	465	$	748	$	629	$	1,043	$	814	$	-	$	-	$	-	$	-	$	5,403	
Repairs and Maintenance-Clubhouse	$	4,374	$	5,062	$	2,409	$	10,414	$	8,175	$	5,329	$	1,126	$	4,821	$	-	$	-	$	-	$	-	$	41,710	
Repairs and Maintenance-Fitness Center	$	438	$	220	$	-	$	-	$	220	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	1,053	
Repairs and Maintenance-Bowling Lanes	$	600	$	850	$	500	$	1,716	$	1,429	$	784	$	3,439	$	1,025	$	-	$	-	$	-	$	-	$	10,343	
Repairs and Maintenance-Restaurant	$	-	$	-	$	-	$	1,200	$	-	$	-	$	1,770	$	3,810	$	-	$	-	$	-	$	-	$	6,780	
Furniture, Fixtures, Equipment	$	60	$	-	$	1,689	$	830	$	466	$	-	$	874	$	602	$	-	$	-	$	-	$	-	$	4,520	
Repairs and Maintenance-Pool	$	5,633	$	626	$	702	$	9,239	$	2,211	$	2,421	$	3,093	$	919	$	-	$	-	$	-	$	-	$	24,844	
Repairs and Maintenance-Golf Cart	$	1,061	$	173	$	1,403	$	665	$	345	$	345	$	345	$	615	$	-	$	-	$	-	$	-	$	4,952	
Repairs and Maintenance-Reimbursed	$	125	$	-	$	-	$	-	$	-	$	-	$	250	$	-	$	-	$	-	$	-	$	-	$	375	
Landscape  Maintenance-Contract	$	16,210	$  16,210	$	16,210	$	16,210	$	16,210	$	16,210	$	16,210	$	16,210	$	-	$	-	$	-	$	-	$	129,680	
Landscape  Maintenance-Improvements	$	1,827	$	1,950	$	1,999	$	745	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	6,521	
Irrigation Repairs	$	748	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	748	
Lake Maintenance-Contract	$	4,603	$	4,603	$	4,603	$	4,603	$	4,603	$	4,603	$	4,603	$	4,603	$	-	$	-	$	-	$	-	$	36,824	
Lake Maintenance-Other	$	-	$	-	$	-	$	-	$	-	$	1,030	$	330	$	-	$	-	$	-	$	-	$	-	$	1,360	
Wetland/Mitigation Maintenance	$	-	$	-	$	-	$	13,341	$	10,009	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	23,350	
Permits/Inspections	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	420	$	-	$	-	$	-	$	-	$	420	
Office Supplies/Printing/Binding	$	119	$	214	$	451	$	320	$	144	$	644	$	66	$	23	$	-	$	-	$	-	$	-	$	1,979	
Credit Card Processing Fees	$	283	$	34	$	260	$	162	$	438	$	299	$	333	$	154	$	-	$	-	$	-	$	-	$	1,962	
Dues & Subscriptions	$	52	$	4,377	$	246	$	1,659	$	392	$	1,086	$	-	$	45	$	-	$	-	$	-	$	-	$	7,856	
Decorations	$	-	$	-	$	146	$	(57)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	89	
Special Events	$	22,960	$	4,085	$	22,136	$	11,811	$	51,689	$	(1,084)	$	554	$	2,789	$	-	$	-	$	-	$	-	$	114,940	
Storm Damage	$	3,138	$	5,697	$	510	$	2,300	$	-	$	-	$	-	$	490	$	-	$	-	$	-	$	-	$	12,136	
Total Operations & Maintenance	$  167,701	$ 144,635	$  155,546	$  177,013	$  196,454	$  133,002	$  135,887	$  142,266	$	-  $	-  $	-  $	-  $ 1,252,503	
										
Total Expenditures	$  266,161	$ 166,152	$  177,989	$  196,204	$  221,476	$  160,384	$  157,614	$  162,683	$	-  $	-  $	-  $	-  $ 1,508,662	
										
Excess (Deficiency) of Revenues over Expenditures	$ (233,163)	$ 448,684	$ 1,394,204	$  (77,161)	$ (124,777)	$ (115,338)	$  (17,095)	$ (134,324)	$	-  $	-  $	-  $	-  $ 1,141,030	
Other Financing Sources/Uses:										
Transfer In/(Out)	$	-	$	-	$	-	$	(496,380)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	(496,380)	
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	(496,380)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	(496,380)	

Net Change in Fund Balance

$ (233,163) $ 448,684  $ 1,394,204  $ (573,541) $ (124,777) $ (115,338) $  (17,095) $ (134,324) $

-  $

-  $

-  $

-  $  644,650

LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT
Long Term Debt Report FY 2025

Series 2015-1, Special Assessment Bonds	
Interest Rate:	5.000%		
Maturity Date:	5/1/32	$2,225,000.00	
Reserve Fund DefinitionRequireme	50% Maximum Annual Debt Service		
Reserve Fund Requirement	$198,375.00		
Reserve Fund Balance	$198,375.00		
Bonds outstanding - 9/30/2024		$2,225,000.00	
	November 1, 2024 (Special Call)	($100,000.00)	
	May 1, 2025 (Mandatory)	($220,000.00)	
	May 1, 2025 (Special Call)	($70,000.00)	
Current Bonds Outstanding	$1,835,000.00	

Series 2015-2, Special Assessment Bonds	

Interest Rate:	
5.000%		
Maturity Date:	5/1/25	$15,000.00	
Interest Rate:	5.000%		
Maturity Date:	5/1/37	$380,000.00	
Bonds outstanding - 9/30/2024		$395,000.00	
	November 1, 2024 (Special Call)	($15,000.00)	
	May 1, 2025 (Mandatory)	($20,000.00)	
Current Bonds Outstanding	$360,000.00	

Total Current Bonds Outstanding	$2,195,000.00

Page 8

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/16/25	PAGE	15
*** CHECK NOS. 000421-050000	LAKE ASHTON CDD - CPF BANK B LAKE ASHTON - CPF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/22/25 00129	3/24/25 1322	202503 600-53800-60003	*	10,146.00
DEPOSIT 03/25
3/24/25 1322	202503 600-53800-60003	V	10,146.00- DEPOSIT 03/25
TOOLES TRACTOR SERVICES & H20	.00 000421
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/25 00130	5/13/25 3683	202505 600-53800-68007	*	10,000.00
DEPOSIT 05/25
WINDOW CONCEPTS BY ANNALISA	10,000.00 000422
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00128	3/20/25 113335	202503 600-53800-68014	*	1,545.35
SIGNS 03/25
CHILTON LED LLC	1,545.35 000423
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/25 00129	3/24/25 1322	202503 600-53800-60003	*	10,146.00
DEPOSIT 03/25
TOOLES TRACTOR SERVICES & H20	10,146.00 000424
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/25 00131	5/16/25 7317	202505 600-53800-68017	*	28,428.02
SVCS 05/25
SHENANDOAH GENERAL CONSTRUCTION,LLC	28,428.02 000425
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/25 00046	5/21/25 05212025 202505 600-53800-68006	*	6,400.00
CONCRETE PATHWAY 05/25
DAVID WELLS	6,400.00 000426
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/25 00132	5/30/25 761129-E 202505 600-53800-68017	*	5,271.00 REPAIRS 05/25
GROOME INDUSTRIAL SERVICE GROUP	5,271.00 000427
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/25 00129	6/03/25 4394	202506 600-53800-68017	*	6,600.00
SVCS 06/25
TOOLES TRACTOR SERVICES & H20	6,600.00 000428
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK B	68,390.37
TOTAL FOR REGISTER	68,390.37

LAKA LAKE ASHTON	SHENNING

Lake Ashton CDD
Special Assessment Receipts
Fiscal Year Ending September 30, 2025

											$2,512,482.00			$429,537.06	$2,942,019.06	
				O&M	Debt						.36300.10100			025.36300.10000		
Date	Collection	O&M	Debt Svc	Discounts/	Discounts/	Commissions	Property	Net Amount			General Fund			21A Debt Svc Fund	Total	
Received	Period	Receipts	Receipts	Penalties	Penalties	Paid	Appraiser	Received			85%			15%	100%	

11/13/24	
10/21/24-10/21/24	
$	25,061.35	
$	3,914.43	
$	1,320.38	
$	205.51	
$	549.00	
$	-	$	26,900.89	
$	23,266.15	
$	3,634.74	
$	26,900.89	
11/15/24	10/01/24-10/31/24	$	5,138.00	$	1,028.98	$	205.52	$	41.16	$	118.41	$	-	$	5,801.89	$	4,833.83	$	968.06	$	5,801.89	
11/19/24	11/01/24-11/07/24	$  241,486.00	$  31,442.87	$	9,659.37	$	1,257.70	$	5,240.24	$	-	$  256,771.56	$	227,190.10	$	29,581.47	$	256,771.56	
11/26/24	11/08/24-11/15/24	$  349,384.00	$  44,237.40	$	13,975.57	$	1,769.41	$	7,557.53	$	-	$  370,318.89	$	328,700.26	$	41,618.63	$	370,318.89	
12/09/24	11/16/24-11/26/24	$  745,010.00	$ 122,664.61	$	29,800.37	$	4,906.45	$	16,659.36	$	-	$  816,308.43	$	700,905.44	$	115,403.00	$	816,308.43	
12/20/24	11/27/24-11/30/24	$  709,709.71	$ 132,629.85	$	28,381.99	$	5,302.16	$	16,173.11	$	-	$  792,482.30	$	667,701.17	$	124,781.14	$	792,482.30	
12/28/24	12/01/24-12/15/24	$  192,667.69	$  43,150.37	$	7,340.50	$	1,633.52	$	4,536.88	$	-	$  222,307.16	$	181,620.65	$	40,686.51	$	222,307.16	
01/13/25	12/16/24-12/31/24	$	69,726.17	$  12,665.70	$	2,117.49	$	387.59	$	1,597.74	$	-	$	78,289.05	$	66,256.51	$	12,032.55	$	78,289.05	
02/03/25	INTEREST	$	-	$	-	$	-	$	-	$	-	$	-	$	3,970.31	$	3,390.64	$	579.67	$	3,970.31	
02/10/25	01/01/25-01/31/25	$	60,462.62	$	9,308.78	$	1,279.16	$	195.95	$	1,365.93	$	-	$	66,930.36	$	57,999.79	$	8,930.57	$	66,930.36	
03/07/25	02/01/25-02/28/25	$	22,600.05	$	3,814.94	$	205.50	$	38.16	$	523.43	$	-	$	25,647.90	$	21,946.66	$	3,701.24	$	25,647.90	
03/31/25	PROPERTY APPRAISER	$	-	$	-	$	-	$	-	$	-	$	29,420.19	$	(29,420.19)	$	(25,124.82)	$	(4,295.37)	$	(29,420.19)	
04/11/25	03/01/25-03/31/25	$	61,730.22	$	12,622.80	$	-	$	-	$	1,487.06	$	-	$	72,865.96	$	60,495.62	$	12,370.34	$	72,865.96	
04/30/25	INTEREST	$	-	$	-	$	-	$	-	$	-	$	-	$	277.98	$	237.39	$	40.59	$	277.98	
05/09/25	04/01/25-04/30/25	$	10,353.07	$	1,305.56	$	-	$	-	$	233.17	$	-	$	11,425.46	$	10,146.01	$	1,279.45	$	11,425.46	
$ 2,493,328.88	$ 418,786.29	$	94,285.85	$	15,737.61	$	56,041.83	$ 29,420.19	$ 2,720,877.98	$	2,329,565.39	$	391,312.59	$  2,720,877.98	

Gross Percent Collected Balance Due

98.98%
$29,903.89

Page 16

Section D

LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT
Check Run Summary

June 23, 2025

Date	Check Numbers	Amount	

General Fund			
05/15/25	9717-9733	$88,605.00	
05/22/25	9734-9741	$28,163.66	
05/29/25	9742-9748	$2,958.77	
06/04/25	9749-9755	$23,648.50	
06/05/25	9756-9766	$55,001.52	
General Fund Total		$198,377.45	

Capital Projects Fund			
05/22/25	421-422	$10,000.00	
05/29/25	423	$1,545.35	
06/04/25	424-426	$44,974.02	
06/05/25	427-428	$11,871.00	
Capital Projects Fund Total		$68,390.37	

Page 9

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/16/25	PAGE	10
*** CHECK NOS. 009717-050000	LAKE ASHTON CDD - GF BANK A LAKE ASHTON - GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/15/25 00157	5/02/25 168985	202505 320-57200-54520	*	195.30
SUPPLIES 05/25
CENTRAL FOOD EQUIPMENT, INC.	195.30 009717
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00741	5/01/25 27	202505 320-57200-34000	*	43,462.42
AMENITY MGMT 05/25
COMMUNITY ASSOCIATIONS AND	43,462.42 009718
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00621	4/09/25 1036537	202504 320-57200-54501	*	145.00
SVCS 04/25
COUNTRY BOY PEST CONTROL	145.00 009719
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00003	4/29/25 88454366 202504 310-51300-42000	*	74.14
DELIVERY THRU 04/21/25
5/06/25 88527377 202504 310-51300-42000	*	47.21
DELIVERY THRU 04/29/25
FEDEX	121.35 009720
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00781	4/30/25 00070946 202504 310-51300-48000	*	3.44
SVCS 04/25
GANNETT FLORIDA LOCALIQ	3.44 009721
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00215	5/01/25 476	202505 310-51300-34000	*	5,810.92
MGMT FEE 05/25
5/01/25 476	202505 310-51300-35100	*	83.33
INFO TECH 05/25
5/01/25 476	202505 310-51300-31300	*	131.25
DISSEMINATION AGENT SVCS
5/01/25 476	202505 310-51300-51000	*	2.50

GMS-CENTRAL	FLORIDA, LLC	6,028.00	009722	
- - - -	- - -	-	- - - -	- - - - - - - -	- - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	- - - - -	- - -	
5/15/25	00504	4/30/25	106556	202504	320-57200-54500	*	849.67	
SVCS 04/25	
KINCAID ELECTRICAL SERVICES	849.67	009723	
- - - -	- - -	-	- - - -	- - - - - - - -	- - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
5/15/25	00512	5/01/25	3020680	202505	320-57200-41000	*	69.25	
SVCS 05/25	
KINGS III OF AMERICA, INC.	69.25	009724	
- - - -	- - -	-	- - - -	- - - - - - - -	- - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
5/15/25	00164	5/08/25	140205	202504	310-51300-31500	*	4,640.07	
SVCS 04/25	
LATHAM, LUNA, EDEN &	BEAUDINE,	LLP	4,640.07	009725	
- - - -	- - -	-	- - - -	- - - - - - - -	- - - - - - - - - - - - - - - - -	- - - - -	- -	-	-	-	-	-	-	-	-	-	-	- - -	-	- - - - -	- - -	
5/15/25	00753	4/25/25	10224263 202504	320-57200-45300	*	260.35	
SUPPLIES 04/25	
POOL & PATIO CENTER	260.35	009726	
- - - -	- - -	-	- - - -	- - - - - - - -	- - - - - - - - - - - - - - - - -	- - - - -	- -	-	-	-	-	-	-	-	-	-	-	- - -	-	- - - - -	- - -	

OFFICE SUPPLIES 05/25

LAKA LAKE ASHTON	SHENNING

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/16/25	PAGE	11
*** CHECK NOS. 009717-050000	LAKE ASHTON CDD - GF BANK A LAKE ASHTON - GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/15/25 00631	5/07/25 RES19-16 202504 310-51300-31100	*	4,319.95 SVCS 04/25
RAYL ENGINEERING & SURVEYING, LLC	4,319.95 009727
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00801	5/03/25 7829-2	202505 320-57200-54500	*	177.88

THE SHERWIN-WILLIAMS	COMPANY	177.88	009728	
- - - -	- - -	-	- - - -	- - - - - - - - - - - - - - - - - - - - - - - - -	- - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	- - - - -	- - -	
5/15/25	00061	4/14/25	042025	202504 320-57200-43000	*	20,320.17	
SVCS 04/25	
TECO-ACH	20,320.17	009729	
- - - -	- - -	-	- - - -	- - - - - - - - - - - - - - - - - - - -	- - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	- - - - -	- - -	
5/15/25	00809	5/06/25	050625	202505 320-57200-49400	*	600.00	
SUMMER MUSIC SERIES 05/25	
MICHAEL S.	UNDERHILL	600.00	009730	
- - - -	- - -	-	- - - -	- - - - -	- - - - - - - - - - - - - - -	- - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
5/15/25	00780	5/05/25	56306588	202505	320-57200-54500	*	43.01	
SUPPLIS	05/25	
VESTIS	43.01	009731	
- - - -	- - -	-	- - - -	- - - - -	- - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
5/15/25	00664	5/02/25	1928-042	202504	320-57200-52000	*	3,930.03	

SUPPLIES 05/25

PURCHASES 04/25

WELLS FARGO	3,930.03 009732

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00587	5/09/25 25023	202504 320-57200-54530	*	3,439.11
MAINT 04/25
XS BOWLING SERVICE LLC	3,439.11 009733
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/25 00057	5/01/25 227949	202505 320-53800-46800	*	4,603.00

APPLIED AQUATIC MANAGEMENT, INC.	4,603.00	009734	
- - - -	- - -	-	- - - -	- - - - - - - -	- - - - - - - - - -	- - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	- - -	-	- - - - -	- - -	
5/22/25	00055	4/15/25	20735-04 202504	320-57200-43100	*	747.36	
SVCS 04/25	
CITY OF LAKE WALES-UTILITIES	DEPT	747.36	009735	
- - - -	- - -	-	- - - -	- - - - - - - -	- - - - - - - - - -	- - - - - - - - - - -	- -	-	-	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
5/22/25	00621	5/14/25	1040458	202505	320-57200-54501	*	250.00	
SVCS 05/25	
COUNTRY BOY PEST CONTROL	250.00	009736	
- - - -	- - -	-	- - - -	- - - - - - - -	- - - - - - - - - -	- - - - - - - - -	- -	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
5/22/25	00322	5/22/25	53-60-00 202505	320-57200-54100	*	280.00	
53-BID-7891872	
5/22/25	53-60-00 202505	320-57200-54100	*	140.00	
53-BID-7892084	
FLORIDA DEPARTMENT OF HEALTH	420.00	009737	
- - - -	- - -	-	- - - -	- - - - - - - -	- - - - - - - - - -	- - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	

SVCS 05/25

LAKA LAKE ASHTON	SHENNING

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/16/25	PAGE	12
*** CHECK NOS. 009717-050000	LAKE ASHTON CDD - GF BANK A LAKE ASHTON - GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

320-57200-54500	*	1,079.67	
320-57200-54500	*	1,010.72	

5/22/25 00098	4/04/25 40961285 202503
SUPPLIES 03/25 5/05/25 40961285 202504
SUPPLIES 04/25
HOME DEPOT CREDIT SERVICES	2,090.39 009738
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/25 00336	5/09/25 50445809 202506 320-57200-54000	*	3,799.90
MPLC BLANKET LICENSE 6/25
MOTION PICTURE LICENSING CORP.	3,799.90 009739
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/25 00780	5/12/25 56306631 202505 320-57200-54500	*	43.01
SUPPLIES 05/25
VESTIS	43.01 009740
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/25 00445	5/01/25 902074	202505 320-57200-46200	*	16,210.00
LANDSCAPE MAINT 05/25
YELLOWSTONE LANDSCAPE	16,210.00 009741
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00055	5/15/25 20735-05 202505 320-57200-43100	*	1,041.28
SVCS 05/25
CITY OF LAKE WALES-UTILITIES DEPT	1,041.28 009742
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00003	5/20/25 88673922 202505 310-51300-42000	*	41.91
DELIVERY THRY 05/09/25
FEDEX	41.91 009743
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00750	5/21/25 37386	202505 320-57200-54500	*	274.50
SUPPLIES 05/25
JANITORIAL SUPERSTORE INC	274.50 009744
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00361	5/16/25 284979	202505 320-57200-54500	*	263.00
SVCS 05/25
MILLER'S CENTRAL AIR, INC.	263.00 009745
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00538	5/19/25 371817	202505 320-57200-54506	*	270.07
SVCS 05/25
PERFORMANCE GOLF CARTS	270.07 009746
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00586	5/08/25 050825	202505 320-57200-54530	*	1,025.00
SVCS BOWLING ALLEY 05/25
S. FRED POWELL	1,025.00 009747
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00780	5/19/25 56306675 202505 320-57200-54500	*	43.01
SUPPLIES 05/25
VESTIS	43.01 009748
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LAKA LAKE ASHTON	SHENNING

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/16/25	PAGE	13
*** CHECK NOS. 009717-050000	LAKE ASHTON CDD - GF BANK A LAKE ASHTON - GF

DATE		DATE	
6/04/25	00739	4/14/25	
	4/14/25	
	4/14/25	
	4/14/25	
	4/14/25	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
00013	202504 320-57200-54520	*	105.00
SVCS 04/25 STEEL EXHAUST
00014	202504 320-57200-54502	*	200.00
SVCS 04/25 FIX FENCE
00015	202504 320-57200-54500	*	150.00
REPAIRS 04/25 WELD TABLES
00016	202504 320-57200-45300	*	250.00
REPAIR 04/25 POOL GATE
00017	202504 320-57200-54502	*	290.00
REPAIRS 04/25
C AND D MOBILE WELDING AND	995.00 009749
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/25 00003	5/27/25 88747605 202505 310-51300-42000	*	32.25
DELIVERY THRU 05/16/25
FEDEX	32.25 009750
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/25 00781	6/04/25 00071443 202505 310-51300-48000	*	89.52
LEGAL AD #11256007
GANNETT FLORIDA LOCALIQ	89.52 009751
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/25 00504	4/10/25 106486	202504 320-57200-54500	*	1,261.70
REPAIRS 04/25
KINCAID ELECTRICAL SERVICES	1,261.70 009752
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/25 00061	5/14/25 052025	202505 320-57200-43000	*	21,082.12
SVCS 05/25
TECO-ACH	21,082.12 009753
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/25 00780	5/26/25 56306718 202505 320-57200-54500	*	43.01
SUPPLIES 05/25
VESTIS	43.01 009754
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/25 00430	5/13/25 50343647 202506 310-51300-42502	*	144.90
COPIER LEASE 06/25
WELLS FARGO VENDOR FINANCIAL SVCS	144.90 009755
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/25 00057	5/31/25 228592	202505 320-53800-46800	*	4,603.00

APPLIED AQUATIC MANAGEMENT, INC.	4,603.00	009756	
- - - -	- - -	-	- - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	- -	-	- - - - -	- - -	
6/05/25	00695	5/21/25	16744750 202506 320-57200-41000	*	.06	
SVCS 06/25 BALANCE	
CHARTER COMMUNICATIONS	.06	009757	
- - - -	- - -	-	- - - -	- - - - -	- - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- -	-	- - - - -	- - -	
6/05/25	00466	6/02/25	50886	202506 310-51300-42501	*	4,257.00	
JUNE 25	LA TIMES	
CUSTOMTRADEPRINTING.COM	4,257.00	009758	
- - - -	- - -	-	- - - -	- - - - -	- - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- - - -	-	- - - - -	- - -	

SVCS 05/25

LAKA LAKE ASHTON	SHENNING

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/16/25	PAGE	14
*** CHECK NOS. 009717-050000	LAKE ASHTON CDD - GF BANK A LAKE ASHTON - GF
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/05/25 00808	4/05/25 34281675 202504 320-57200-54520	*	1,755.00
SVCS 04/25
4/07/25 34818798 202504 320-57200-54520	*	1,755.00
SVCS 04/25
FRANK GAY COMMERCIAL SERVICES LLC	3,510.00 009759
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/25 00112	6/01/25 11363	202506 310-51300-48001	*	160.00
MEMBERSHIP
LAKE WALES AREA CHAMBER OF COMMERCE	160.00 009760
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/25 00361	4/28/25 283265	202504 320-57200-54500	*	258.00
SVCS 04/25
5/08/25 284352	202505 320-57200-54500	*	640.00
SVCS 05/25
6/02/25 287035	202506 320-57200-54500	*	324.00
SVCS 06/25
MILLER'S CENTRAL AIR, INC.	1,222.00 009761
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/25 00538	6/01/25 10172	202506 320-57200-54506	*	345.00
MAINT 06/25
PERFORMANCE GOLF CARTS	345.00 009762
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/25 00753	5/19/25 10224366 202505 320-57200-45300	*	116.29
SUPPLIES 05/25
POOL & PATIO CENTER	116.29 009763
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/25 00696	4/09/25 12119850 202503 320-57200-34500	*	611.78
SVCS 03/01-03/31/25
4/09/25 12119850 202503 320-57200-54504	*	5,593.18
SVCS 03/01-03/31/25
4/09/25 12119850 202503 320-57200-34501	*	30,987.14
SVCS 03/01-03/31/25
SECURITAS SECURITY SERVICES USA,INC	37,192.10 009764
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/25 00780	6/02/25 56306761 202506 320-57200-54500	*	43.80
SUPPLIES 06/25
VESTIS	43.80 009765
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/25 00587	6/02/25 25031	202506 320-57200-54530	*	3,552.27
MAINT 06/25
XS BOWLING SERVICE LLC	3,552.27 009766
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	198,377.45
TOTAL FOR REGISTER	198,377.45 LAKA LAKE ASHTON	SHENNING