Lake Ashton Community Development District

Meeting Agenda May 18, 2026

AGE·oA

Lake Ashton
Community Development District
219 E. Livingston St., Orlando, Florida 32801 Phone: 407-841-5524 - Fax: 407-839-1526
May 11, 2026

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, May 18, 2026 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 April 20, 2026 Board of Supervisors Meeting
Staff Reports
Engineer
Attorney
Field Manager
Landscape Maintenance
Presentation of Monthly Landscaping Site Visit Review
Aquatics Maintenance
Presentation of Monthly Aquatics Site Visit Review
Planting Options and Summary/Staff Recommendations
Landscape Enhancement Photo Renderings
Proposals & Pricing for Plant Replacement
Yellowstone Landscape

American Heritage Nursery
Landscape Enhancement Cost Comparison
Lake Ashton Community Director
District Manager
Reminder to Board Members to File Form 1’s by the July 1, 2026 Deadline
Financial Reports
Combined Balance Sheet
Capital Projects Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
Approval of Check Run Summary
Old Business
New Business
Discussion Regarding Securitas Agreements and Consideration of Security Proposals (CLOSED SESSION AVAILABLE & ADVERTISED FOR IF NEEDED)
Items Relating to the Fiscal Year 2027 Budget Adoption
Consideration of Resolution 2026-03 Approving the Proposed Fiscal Year 2026/2027 Budget (Suggested Date: July 20, 2026), Declaring Special Assessments, and Setting the Public Hearings on the Fiscal Year 2026/2027 Budget and Imposition of Operations and Maintenance Assessments (Proposed budget provided shows line items for Option 1--
$100 Increase Per Lot & Option 2--$200 Increase Per Lot)
Presentation of Fiscal Year 2025 Audit Report & Auditor Findings Letter
Public Comments (Time Permitting)
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, April 20, 2026 at 9:00 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	District Counsel, Latham Luna
Garrett Posten	District Engineer, Rayl Engineering
Matt Fisher	Field Manager
Christine Wells	Community Director

The following is a summary of the discussions and actions taken at the April 20, 2026 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 recited the pledge of allegiance. All five Supervisors were in attendance constituting a quorum.

SECOND ORDER OF BUSINESS	Approval of Meeting Agenda
Ms. VanSickle requested approval of the meeting agenda. She suggested moving 10A up to the beginning of staff reports.

On MOTION by Mr. Realmuto, seconded by Mr. Costello, with all in favor, Approving the Meeting Agenda Moving item 10a up to the beginning of staff reports, 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.
Michael Hays (4160 Limerick Dr) stated there was no intent to encroach on CDD property without knowledge or permission. The previous owner took a lot of pride in her yard. The Board has directed him to cover the said areas that are infringing on CDD property with grass. No consideration from past approvals from a previous Board. He requested a clear marked direction be made to ensure in the future a 6 in. or 12 in. encroachment is being served to him.
Mark Reed (4293 Berwick) received a letter about the wetland behind his home stating to promptly remove all encroachments. He didn’t purchase that property. He noted it isn’t his responsibility to remove any of it as he didn’t plant it. The previous owner did the planting. Asked if he has to remove the plants.
Sue Marino (4269 Berwick) voiced her concerns regarding the restaurant. Would like the restaurant to be a part of their amenities. Suggested an assessment used like a gift card.
Jim Helmer (6140 Pebble Beach Blvd) spoke about the proposals for the restaurant. Requested individual Board members or the Board as a whole don’t do a survey or anything that could appear like a vote of the community on a preferred option.

FOURTH ORDER OF BUSINESS	Consideration of Minutes from the
February   23,   2026   Board   of
Supervisors Meeting, March 16, 2026 Board of Supervisors Meeting & March 16, 2026 Budget Workshop Summary
Ms. VanSickle presented the minutes from the February 23, 2026 Board of Supervisors meeting, the March 16, 2026 Board of Supervisors meeting and the March 16, 2026 budget workshop. Mr. Realmuto requested an addition to the February 23, 2026 minutes – Page 5 under 6A the discussion by the attorney of Lake Ashton Living – Supervisor Realmuto noted that up to $16K in legal expenses related to Lake Ashton

Living have already been incurred and these expenses began in early November well over a month before being raised at the December meeting and no mention at the intervening November meeting. Ms. VanSickle noted an issue with that and doesn’t feel that figure is accurate and has a problem with throwing it out there without substantial proof. She requested leaving the minutes as they stand.

On MOTION by Ms. VanSickle, seconded by Ms. Landgrebe, with Mr. Ulrich and Mr. Costello in favor and Mr. Realmuto opposed, the Minutes from the February 23, 2026 Board of Supervisors Meeting and the March 16, 2026 Budget Workshop Summary, were approved 4-1.

FIFTH ORDER OF BUSINESS	Staff Reports
Engineer
Mr. Posten provided an update on pond 20 bank erosion. He received quotes on the pavement void on Berwick to inspect the sanitary sewer line. The city did their own inspection however he doesn’t feel what they provided him is conclusive to rule out that it is their system. He recommended before doing any work to restore that area, do their own investigation and if it is still related to their sanitary sewer lines.
He presented quotes for the investigation of the storm sewer on Waterford. The low proposal was from Insight Underground Solutions which would reduce the cost of the Berwick pavement void investigation by taking the mobilization away. He asked for approval on the Berwick pavement void with the understanding if they also do the storm sewer, they won’t pay mobilization on it, the Underground Solutions quote for the storm sewer and the quote from Nissi Geotechnical. Mr. Realmuto asked Garrett if he observed any evidence in the road that there were failures to motivate this expense. Garrett stated the asphalt is definitely at a failed state. Supports the geotechnical testing.

On MOTION by Mr. Realmuto, seconded by Ms. Landgrebe, with all in favor, the Insight Underground Solutions Proposals & the Geotechnical Proposal, was approved 5-0.

Mr.	Posten	reviewed	the	properties	with	encroachments,	took	some measurements and provided photos for Board review. The encroachments for Board

action are on page 27 of the agenda package. He noted as far as when the residents did not do the plantings or installations themselves will be deferred to Mr. Lazarovich.
Mr. Lazarovich noted that doesn’t take away the CDDs rank to say there is an encroachment. The homeowner that is encroaching would have to go to whoever told them there was no encroachment on CDD property.
Mr. Posten recommended the hard material improvements be removed on Aberdeen but not the two dead trees that will fade away anyway.

On MOTION by Ms. Van Sickle, seconded by Ms. Landgrebe, with Mr. Costello in favor and Mr. Realmuto & Mr. Ulrich opposed, to Follow the Engineers Recommendations, was approved 3-2.

Mr. Posten asked as far as the direction to homeowners, will that still come through Jay. Ms. VanSickle noted the CDD has not approved any of these. If there is an issue with the HOA, you need to talk to the HOA. You need to only maintain to your property line. Mr. Realmuto noted engineering expenses were over $9K and asked how much of that was attributable to the encroachments this year. Garrett noted there is a separate section on the invoices so the Board can track what is going into encroachments.

Landscape Maintenance
Presentation of Monthly Landscaping Checklist and Report
Mr. Fisher reviewed the landscaping report.

Aquatics Maintenance
a) Presentation of Monthly Aquatics Report
Mr. Fisher reviewed the monthly aquatics report on pages 61-64 of the agenda package. Ms. VanSickle noted a complaint about the pond behind Aberdeen and asked Matt to check on it.

SIXTH ORDER OF BUSINESS	Discussion	Regarding	Proposals
Received for Restaurant and Catering Services
A. Presentation of Proposals Received (5 Minutes Each)

Dundee Downtown Pizza
Kevin Rodriguez owner of Dundee Downton Pizza provided an overview of his business experience and a proposal on page 68 of the agenda package. He answered Board questions.

Plates on Deck
Ken James C-Founder & CEO of Plates on Deck provided an overview of his business and a proposal on page 73 of the agenda package. He answered Board questions.

Three Roots
Salvatore Cogliano owner of Three Roots provided an overview of his business experience and a proposal on page 85 of the agenda package. He answered Board questions.

Tropical Fusion Grill
A representative from Tropical Fusion Grill provided an overview of their restaurant concept and provided a proposal on page 105 of the agenda package. He answered Board questions. Resume needed.
The Board discussed narrowing it down to two or three today and doing background checks, reference checks, financials, resumes, rent, electricity, internet and cable tv costs, and taxes. The Board decided on $1,250 per month and will send to Christine.

On MOTION by Mr. Costello, seconded by Ms. Landgrebe, with all in favor, Rent $1,250 per month, was approved 5-0.

Mr. Costello noted for the first three months it will be $100 rent.

On MOTION by Mr. Costello, seconded by Ms. Landgrebe, with all in favor, Rent $100 per month for the first three months, was approved 5-0.

SEVENTH ORDER OF BUSINESS	Staff Reports (Continued)
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	New Business
Discussion Regarding Securitas Contract & Ongoing Issues with Service
Ms. Wells noted her concerns with Securitas and the service the District is getting in the safety and security portion of her report. She mentioned the amenity access card readers and the length of time it took to get that repair done.
Mr. Lazarovich noted the CDD had three existing contracts with Securitas but terminated one based on review of email communications happening on their end, either incompetence or not performing. There was a disagreement on the existing contracts. They were saying they were all combined into one. There was specific language in each of the CDDs agreements that they were separate agreements. When they terminated the one that is terminated, they specifically stated they looked forward to continuing on with the other two existing agreements. Securitas has been performing in some sense however with the actual request of changes, they are not performing. Email communications are all over the place. He recommended from those communications and their nonperformance to terminate that existing agreement. The CDD has been paying monthly. Mr. Ulrich stated it seems like Securitas is not holding up their end of the bargain. Ms. Wells noted the same issues that she brought to the Board before like lack of communication. Mr. Ulrich stated he wanted to make sure there was enough of a paper trail where if they say they are done, they don’t have to spend an excessive amount of money defending their position. Mr. Lazarovich noted in all their contracts with Securitas, there is language that specifically gives the District the sole discretion without cause to terminate or suspend an agreement with 30-day notice. Mr. Realmuto noted the real issue was that they learned Securitas hadn’t ordered the part for three weeks so essentially ignoring the Board which was the reason for most of the delay.

On MOTION by Mr. Ulrich, seconded by Ms. Landgrebe, with all in favor, to terminate the other two Securitas contracts, was approved 5-0. (MOTIONS WITHDRAWN)

Mr. Realmuto questioned if this affects the gate and the operation of the system that opens the gate and if so, he is not okay with that. Ms. Wells stated Tech Wave can take over as long as there is no longer a contract with Securitas.
Mr. Ulrich asked if they terminate with Securitas, will Tech Wave take over right away or check with Securitas. What if Securitas says we are going to fight it then maybe Tech Wave says sorry we can’t do it until this is resolved. Ms. Burns suggested authorizing the Vice Chair to enter into an agreement with Tech Wave. Tech Wave would have to provide a proposal assuring they are able. Mr. Ulrich noted if the gate doesn’t work, they will have someone manning it.
Mr. Ulrich withdrew his motion for now until they communicate with Tech Wave and see what they are willing to do if they terminate. Ms. Burns stated staff will get proposals and bring them to the next meeting as it is better to deal with them for 30 days than dealing with the gate potentially being open for 30 days. Mr. Lazarovich will send a nonperformance letter to Securitas. Ms. Wells will contact Tech Wave. Ms. Costello and Ms. Landgrebe suggested talking with Nations also.

Attorney
Mr. Lazarovich provided an update on the encroachment letters going out and will continue to monitor. He updated the Board on the developer property. He is looking into a separate agreement other than a lease agreement.

Field Manager
Mr. Fisher reviewed the Field Management report on page 116 of the agenda package.

Consideration of Proposal for Pool Maintenance Services from Heartland Pools
Mr. Fisher stated after reviewing with site staff and talking to Christine, it’s in the best interest of the District to keep services in house. Jacob is willing to become CPO certified onsite.

Consideration of Proposal for Planting in the Littoral Area of Pond 5 from Solitude Lake Management
Mr. Fisher reviewed the Solitude Lake Management proposal for $2,700 for the plantings in the littoral area of pond 5. The plants are native and help with filtration of nutrients and helps with oxygen production in the pond.

On MOTION by Mr. Ulrich, seconded by Ms. Landgrebe, with all in favor, the Proposal for Planting in the Littoral Area of Pond 5 from Solitude Lake Management, was approved 5-0.

Consideration of Landscape and Irrigation Maintenance Proposals
Proposals to Replace Foliage Affected by Recent Freeze
Yellowstone Proposals
Nursery Proposal
Mr. Fisher presented proposals from Yellowstone. He recommended using Yellowstone’s labor price and Heritage Nurseries price for plants. He suggested taking out the dead plants and not replacing them. Ms. VanSickle went through the numbers for the plants. Matt recommended planting later in July.

On MOTION by Mr. Realmuto, seconded by Mr. Costello, with all in favor, to remove freeze damaged shrubs throughout the property, was approved 5-0.

Proposals to Install a Drip Line System Along Lake Ashton Boulevard Median
Mr. Fisher noted a bid from Yellowstone for a drip line system for $19,000 just for the Boulevard. He noted they already have established plantings that are cold hardy and drought resistant so a drip line isn’t needed.

Lake Ashton Community Director
Ms. Wells reviewed the community director report on page 150 of the agenda. She asked for direction on the automatic door opener to the West entrance. A revised quote was received from Securitas to remove their installation at the concrete pad. It got the quote down to $2,799.99. With the least expensive door opener of $3,958.60 it came to an amount of $6,788.59 not including the cost of materials for the concrete pad. The NTE

amount previously given was $6,500. Mr. Ulrich spoke about someone other than Securitas doing that work. The question was the warranty, a definitive which warranty just for that set up or the warranty for the whole building. Christine hasn’t received a response from Securitas. She will check with Tech Wave to see if it’s something they can do. Mr. Ulrich stated he doesn’t want Securitas doing any work if it can be avoided. He noted for the record he would like to make a decision on this next month. Table to next month.

District Manager
Ms. Burns asked for clarification on staff reports, if they only wanted the staff members who were going to charge by the hour to leave or not be present or if the Board wanted everybody present. She noted moving all staff reports to the front and landscape maintenance and aquatic maintenance to be moved under Matt’s report. Leave public comments at the end, time permitting.

Announcing General Election Qualifying Period (Starting 12:00 PM Monday, June 8, 2026 and Ending 12:00 PM Friday, June 12, 2026)
Ms. Burns stated for anyone interested in running for a Board seat the qualifying period is Monday June 8th and ends at noon on Friday June 12th. Contact the Supervisor of Elections with any questions.

Direction Regarding Proposed Budget for May 18, 2026 Board Meeting
Ms. Burns stated all of the updates that were discussed at the budget workshop have been made as well as additional tweaks based on the updates to the reserve study. She asked for direction on what the Board would like to see included in the resolution to approve that proposed budget. Mr. Ulrich proposed $100 increase. Mr. Costello and Ms. VanSickle don’t want to shortcut the reserve. Ms. Burns noted the decision doesn’t have to be made today and the Board may want to have this discussion when it is an actual agenda item. Mr. Realmuto suggested if there is going to be two options, one should be
$100 and the other $166.81. Mr. Costello suggested presenting a $100 and $200 increase for the next meeting.

Presentation of Number of Registered Voters – 1,335 – ADDED

Ms. Burns stated for the record there is currently 1,335 registered voters within the boundary of Lake Ashton.
Ms. Burns stated Christine has decided to take a promotion within GMS to become a District Manager. They have found a great candidate who the position has been offered to. She lives in Lake Wales and has a lot of relative experience. She will start at Lake Ashton on May 7th.

EIGHTH ORDER OF BUSINESS	Financial Reports
Combined Balance Sheets
Capital Projects Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
Approval of Check Run Summary
Ms. Van Sickle asked for any questions on any of the financial reports.

On MOTION by Mr. Realmuto, seconded by Ms. Landgrebe, with all in favor, the Check Run Summary, was approved 5-0.

NINTH ORDER OF BUSINESS	Old Business
There being no comments, the next item followed.

ELEVENTH ORDER OF BUSINESS	Public Comments
Iris Realmuto spoke about the conversation earlier about usage of the restaurant. Mike mentioned why do they need to use the restaurant in the morning for the dancercise classes. The number of classes now thanks to the Simply Healthy program has greatly increased. Focus 2030 pointed out people would like to see more usage of the restaurant, maybe divide the restaurant. Put locks on the liquor cabinets.
Mark Reed asked for clarification on the plantings behind his house that were planted by someone else in the wetland area, is he responsible for removing those? Mr. Lazarovich stated if the engineer put that in his report that it needs to be removed. Was it noted in the encroachment letter to you? Ms. Burns noted if it is one of the wetland encroachments, they don’t want anybody removing stuff from the wetland besides the District. Mr. Reed will talk with Jay after the meeting.

TWELFTH ORDER OF BUSINESS	Supervisor	Requests/Supervisor
Open Discussion
There being no comments, the next item followed.

THIRTEENTH ORDER OF BUSINESS	Adjournment
The meeting was adjourned.

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

Secretary / Assistant Secretary	Chairman / Vice Chairman

Section V

Section A

05/18/2026
Lake Ashton CDD Meeting Engineering Report

Pond 20 Bank Erosion
Work completed.

Berwick Pavement Void
Insight Underground work schedule pending.

Waterford Investigation Prior to Paving
Geotechnical
Work occurring 5/11, report to follow.
Storm Sewer
Insight Underground work schedule pending.

Encroachments
Letters sent by attorney

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

Section C

May 18, 2026

Lake Ashton CDD
Field Management Report

Completed Items

Staff replaced 3 golf cart crossing signs along CDD roadways.

Staff replaced ceiling tiles in the Craft Room.
Staff replaced the torn wind screen at the Tennis Ct.
Staff replaced 4 electrical outlets in the Restaurant dining room that had loose internal components.
Staff replaced a bad speed controller to a nonfunctioning fan in the Ballroom.
Staff pressured washed the Security Gate House.
New water booster heater has been installed to the Restaurant kitchen dishwasher.
Clubhouse fire sprinkler riser yearly inspection has been completed.
Contracted Services
GMS staff performed thorough reviews of contracted services.

Mulch along Aberdeen fence line has been completed.
Removal of three dead Queen Palms is completed.
A Landscaping enhancement cost comparison is provided under my report along with the original quotes from Yellowstone/American Heritage Nursery plus the renderings from Yellowstone. Plant material purposed are cold hardy plants approved by Yellowstone. Purchasing plants from the nursery will not come with a warranty from Yellowstone. Staff purchased plants from this nursery before for the CDD and they are good quality. Staff will ensure all plant material is in satisfactory condition before accepting.
In Progress
Clubhouse and Gate House AC maintenance plus the Ballroom ice machine cleaning is scheduled June 15th.
Quotes for replacement of pool loungers are still being solicited. It is recommended to replace the ones in the worst shape. There are 10 currently.
Remaining street signs are being identified and will be ordered. Staff will install upon arrival.
Pavers are being reviewed around the amenities that may need leveling or concrete collar repairs.

Matt Fisher Field Manager | mfisher@gmscfl.com | 863-956-6207	1 | P a g e

Section 1

SECTION (a)

Landscaping Site Visit Review
May 2026 Lake Ashton Landscape Assessment
Community Overview
Overall property appearance remains in good condition. Routine mowing, trimming, and pest control services continue to be completed regularly. Areas needing attention include selective weed control, replacement of freeze-damaged ornamental plants.

Service Area	Status	Notes	

Mowing	
GOOD	Weekly mowing services are being completed consistently.	

Edging	

FAIR	Roadside and sidewalk edging is maintained well. Some plant bed edging improvements are recommended.	

String Trimming	
GOOD	Common area string trimming is being completed
routinely.	

Weed Control	
FAIR	Minor weed control improvements are needed near Ashton Club Blvd and Reflection Garden.	

Plants & Ornamentals	

FAIR	Existing plants are being monitored for recovery. Arboricola shrub can be trimmed back it will recover.	
Tree Care	FAIR	Palm nutrient injections scheduled.	

Lawn Care	
GOOD	Declined sod areas are scheduled for replacement and monitoring.	

Fertilizer & Pest Control	
GOOD	Pre-emergent and pest control applications have been completed.	

Section 2

SECTION (a)

Lake Ashton COD
4141 Ashton Club Drive, Lake Wales,FL33859 SOLitudeLake Management

Legend
f	4141 Ashton Club Dr
:.		canal ConservationArea littoral shelf 1 pond
wetland

-
·i
�·i>

1

Dry Ponds- East end of 33 and all of 32

Photo Description:
Major vegetation growth. Solitude has been notified to have treated.

Lake Ashton CDD
Pond/Wetland Review – Photo Supplement

Littoral Area 1

Photo Description:
Littoral Area invasive growth noted. Solitude notified.

Lake Ashton CDD | Matt Fisher – Field Manager|mfisher@gmscfl.com|863-956-6207

2

Ponds 31 and Wetland 10

Photo Description:
Invasive aquatic growth has been brought to Solitudes attention to have treated before the next site visit in late May.

Ponds 8 and west side of 26

Photo Description:
Pennywort encroaching off the banks. Solitude was notified to treat.

Lake Ashton CDD | Matt Fisher – Field Manager|mfisher@gmscfl.com|863-956-6207

	Account	Lake Ashton CDD	
Work Order	00958488	Contact	Matthew Fisher	
Work Order Number	00958488	Address	4141 Ashton Club Drive Lake Wales, FL 33859 United States	
Created Date	4/29/2026			

Work Details

Specialist Comments to Customer

Checked littoral zones for invasives.

Prepared By

Steven Smith

Work Order Assets	
Asset	Status	Product Work Type	
Wetland - ALL	Inspected		

Service Parameters	
Asset	Product Work Type	Specialist Comments to Customer	
Wetland - ALL	INVASIVES CONTROL		
Wetland - ALL	TRASH / DEBRIS COLLECTION		
Wetland - ALL	BUFFER MANAGEMENT		
Wetland - ALL	MONITORING		
Wetland - ALL			

	Account	Lake Ashton CDD	
Work Order	00964001	Contact	Matthew Fisher	
Work Order Number	00964001	Address	4141 Ashton Club Drive Lake Wales, FL 33859 United States	
Created Date	5/6/2026			

Work Details

Specialist Comments to Customer

Treated ponds 1, 2, 3, 4, 5, 6, 12, 13, 14, 15, 16,
17, 18, 19, 20, 21, 22, 23, 24, 25, 27, 28, 29 and
30 for shoreline weeds and emergent grasses.

Prepared By

Steven Smith

Work Order Assets	
Asset	Status	Product Work Type	
Lake - ALL	Inspected		

Service Parameters	
Asset	Product Work Type	Specialist Comments to Customer	
Lake - ALL	LITTORAL SHELF		
Lake - ALL	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Lake - ALL	SHORELINE WEED CONTROL		
Lake - ALL	MONITORING		
Lake - ALL	LAKE WEED CONTROL		
Lake - ALL	DYE APPLICATION		
Lake - ALL	ALGAE CONTROL		
Lake - ALL			

Section 3

SECTION (a)

*SIMILAR BEDS TO MIRROR THIS RENDERING.

Indian Hawthorn Majestic Beaty

Juniper Parsonii

Sunshine Ligustrum

Loropetalum

*SIMILAR BEDS TO MIRROR THIS RENDERING.

Liriope

Indian Hawthorn Majestic Beaty

Juniper Parsonii

Podocarpus ‘Pringles’

Sunshine Ligustrum

Loropetalum

*SIMILAR BEDS TO MIRROR THIS RENDERING.

Indian Hawthorn Majestic Beaty

Liriope

Sunshine Ligustrum

Loropetalum

WINTER HAVEN, F.L.

BLVD MEDIAN APRIL 2026

OPTION #2
*SIMILAR BEDS TO MIRROR THIS RENDERING.
*KEEP/INFILL OYSTER PLANT AS NECESSARY.

Sod

Juniper Parsonii

Loropetalum

Sunshine Ligustrum

WINTER HAVEN, F.L.

CLUBHOUSE APRIL 2026

OPTION #2

Bottle Brush ‘Little John’

SECTION (b)

Section 1

L A N D S C A P E

Proposal#:689255
Date: 4/15/2026 From: Jose Romero

Landscape Enhancement Proposal for
Lake Ashton CDD
Christine Wells Lake Ashton COD

LOCATION OF PROPERTY

4141 Ashton Club Dr
Lake Wales. FL 33859

cwells@lakeashtoncdd.com

Front Entrance Entering Property Replace Dead Freeze Damaged Shrubs

DESCRIPTION	UNIT PRICE	AMOUNT

General Labor	65	$71.43	$4,642.79	
Liriope, 1 GAL	36	$8.57	$308.57	
Loropetalum, 3 GAL	100	$24.29	$2,428.54	
Sunshine Ligustrum, 3 GAL	78	$42.86	$3,342.81	
Podocarpus Pringles, 3 GAL	30	$18.57	$557.13	
Juniper Personii, 3 GAL	60	$21.43	$1,285.70	

This Proposal Includes Labor and Material.				
Replace Freeze Damaged Shrubs :				
100 Loropetalum 3 Gals
78 Sunshine Ligustrum 3 Gals
30 Podocarpus Pringles 3 Gals
60 Juniper Parsoni 3 Gals
36 Liriope 1 Gal				

Terms and Conditions: Signature below authorizes Yellowstone to perform work as described in this proposal and verifies that the prices and specifications are hereby accepted. This quote is firm for 30 days and change in plans or scope may result in a change of price. All overdue balances will be charged a 1.5% a month, 18% annual percentage rate.

Limited Warranty: Plant material is under a limited warranty for one year. Transplanted material and/or plant material that dies due to conditions out of Yellowstone's control (i.e., Act of God, vandalism, inadequate irrigation due to water restrictions, etc.) shall not be included in the warranty.

Subtotal	$12,565.54	
Sales Tax	$0.00	
Proposal Total	$12,565.54	

AUTHORIZATION TO PERFORM WORK:

By		

Date

Print Name/Title

Lake Ashton COD

THIS IS NOT AN INVOICE

�.�

�f:,,YELLOWSTONE
L  A  N  D  S  C  A	P  E

Proposal#:690003
Date: 4/15/2026 From: Jose Romero

Landscape Enhancement Proposal for
Lake Ashton COD
Christine Wells Lake Ashton COD

LOCATION OF PROPERTY

4141 Ashton Club Dr
Lake Wales, FL 33859

cwells@lakeashtoncdd.com

Front Entrance Exiting Property Replace Dead Freeze Damaged Shrubs

DESCRIPTION	QTY	UNIT PRICE	AMOUNT	
General Labor	65	$71.43	$4,642.79	
Liriope, 1 GAL	36	$8.57	$308.57	
Loropetalum, 3 GAL	100	$24.29	$2,428.54	
Sunshine Ligustrum, 3 GAL	78	$42.86	$3,342.81	
Podocarpus Pringles, 3 GAL	30	$18.57	$557.13	
Juniper Personii, 3 GAL	60	$21.43	$1,285.70	

This Proposal Includes Labor and Material.				
Replace Freeze Damaged Shrubs :				
100 Loropetalum 3 Gals
78 Sunshine Ligustrum 3 Gals
30 Podocarpus Pring/es 3 Gals
60 Juniper Parsoni 3 Gals
36 Liriope 1 Gal				

Terms and Conditions: Signature below authorizes Yellowstone to perform work as described in this proposal and verifies that the prices and specifications are hereby accepted. This quote is firm for 30 days and change in plans or scope may result in a change of price. All overdue balances will be charged a 1.5% a month, 18% annual percentage rate.

Limited Warranty: Plant material is under a limited warranty for one year. Transplanted material and/or plant material that dies due to conditions out of Yellowstone's control (i.e., Act of God, vandalism, inadequate irrigation due to water restrictions, etc.) shall not be included in the warranty.

Subtotal	$12,565.54	
Sales Tax	$0.00	
Proposal Total	$12,565.54	

AUTHORIZATION TO PERFORM WORK:

By		

Date

Print Name/Title

Lake Ashton CDD

THIS IS NOT AN INVOICE

.,,."

◄-�YELLOWSTONE
L  A	N  D	S  C  A	P  E

Landscape Enhancement Proposal for
Lake Ashton CDD

Christine Wells Lake Ashton COD

cwells@lakeashtoncdd.com

Fountain Full Semi Circle at Front by Fountain

Proposal#:686106
Date: 4/6/2026 From: Jose Romero

QTY	UNIT PRICE	AMOUNT

General Labor	24
Little John Bottle Brush, 3 GAL	68

$71.43
$42.86

$1,714.26
$2,914.24

This Proposal Includes Labor and Material.
Replaced Freeze Damaged Shrubs.
3 Gals Little John Bottle Brush 68

Terms and Conditions: Signature below authorizes Yellowstone to perform work as described In this proposal and verifies that lhe prices and specifications are hereby accepted. This quote is firm for 30 days and change in plans or scope may result In a change of price. All overdue balances will be charged a 1.5% a month, 18% annual percentage rate.
Limited Warranty: Plant material is under a limited warranty for one year. Transplanted material and/or plant material that dies due to conditions out of Yellowstone's control (i.e., Act of God, vandalism, inadequate irrigation due to water restrictions, etc.) shall not be included in the warranty.

Subtotal	$4,628.50	
Sales Tax	$0.00	
Proposal Total	I	$4,628.50	

AUTHORIZATION TO PERFORM WORK:

By		

"'·"

�f;,,YELLOWSTONE
LANDSCAPE

Landscape Enhancement Proposal for
Lake Ashton CDD
Christine Wells Lake Ashton CDD

cwells@lakeashtoncdd.com

End Caps along Blvd Islands
•,r-	-	•	-	.	-	I 1, DESCRIPTION
,.....	 ���=�--=-------=	=-

Proposal#:686096
Date: 4/6/2026 From: Jose Romero

LOCATION OF PROPERTY.

4I4 l Ashton Club Or-
Lake Wales, FL 33859

I
QTY	[ UNIT PRICE	AMOUNT

General Labor	4	$71.43	$285.71	
Juniper, 3 GAL	12	$18.57	$222.85	
Sunshine Ligustrum, 3 GAL	16	$42.86	$685.70	

This Proposal Includes Labor and Material.		
Replace Freeze Damaged Shrubs		
3 Gals Sunshine Ligustrum 16
3 Gals Juniper 12		

Terms and Conditions: Signature below authorizes Yellowstone to perform work as described in this proposal and verifies that the prices and specifications are hereby accepted. This quote is firm for 30 days and change in plans or scope may result in a change of price. All overdue balances will be charged a 1.5% a month, 18% annual percentage rate.
Limited Warranty: Plant material is under a limited warranty for one year. Transplanted material and/or plant material that dies due to conditions out of Yellowstone's control (i.e., Act of God, vandalism, inadequate irrigation due to water restrictions, etc.) shall not be included in the warranty.

Subtotal

$1,194.26

Sales Tax

$0.0

AUTHORIZATION TO PERFORM WORK:

By		

Proposal Total	$1,194.26

Proposal#:690593
Date: 4/15/2026
From: Jose Romero

Landscape Enhancement Proposal for
Lake Ashton CDD

Christine Wells Lake Ashton COD

cwells@lakeashtoncdd.com

Replace Freeze Damaged lxoras to Lororpetalum on Blvd
-

't	-�,,.,_= _- ;
LOCATION OF PROPERTY

4141 Ashton Club Dr

1-Jtke Wales., f L-33859

'DESCfUP1:ION-			
11	
■	■
■' '	I	I		•	UNIT PRICE	AMOUNT	
--  -	--	- - -	-===	�				-				

General Labor	109	$71.43	$7,785.60	
Loropetalum, 3 GAL	1,086	$21.00	$22,806.00	

This Proposal Includes Labor and Material.

Replace Freeze Damaged lxoras with (1086) Loropetalum 3 Gals on Blvd

Terms and Conditions: Signature below authorizes Yellowstone to perform work as described in this proposal and verifies that the prices and specifications are hereby accepted. This quote is firm for 30 days and change in plans or scope may result in a change of price. All overdue balances will be charged a 1.5% a month, 18% annual percentage rate.
Limited Warranty: Plant material is under a limited warranty for one year. Transplanted material and/or plant material that dies due to conditions out of Yellowstone's control (i.e., Act of God, vandalism, inadequate irrigation due to water restrictions, etc.) shall not be included in the warranty.

Subtotal	$30,591.60	
Sales Tax	$0.00	
Proposal Total	$30,591.60	

AUTHORIZATION TO PERFORM WORK:

By		

Date

Print Name/fitfe

Lake Ashton CDD

THIS IS NOT AN INVOICE

Landsca e Enhancement Pro osal	BRANCH EL· 407-39 -052

Section 2

American Heritage Nursery Plant Pricing
Front Entrance Entering
Liriope 1-gal $7.00 x 36 plants= $252 Loropetalum 3-gal $12.00 x 100 plants =$ 1,200
Sunshine Ligustrum 3-gal $20.00 x 78 plants= $1,560 Podocarpus Pringles 3-gal $10.00 x 30 plants= $300 Juniper Personii 3-gal $19.00 x 60 plants= $1,140 Total Plant Cost= $4,452
Front Entrance Exiting
Liriope 1-gal $7.00 x 36 plants= $252 Loropetalum 3-gal $12.00 x 100 plants =$ 1,200
Sunshine Ligustrum 3-gal $20.00 x 78 plants= $1,560 Podocarpus Pringles 3-gal $10.00 x 30 plants= $300 Juniper Personii 3-gal $19.00 x 60 plants= $1,140 Total Plant Cost= $4,452
Semi-Circle Drive Adjacent to Portico
Little John Bottle Brush 3-gal $20.00 x 68 plants= $1,360
Total Plant Cost= $1,360
End Caps along Blvd Islands
Juniper Personii 3-gal $19.00 x 12 plants = $228
Sunshine Ligustrum 3-gal $20.00 x 16 plants = $320
Total Plant Cost= $548
Blvd Median Replacing the Red Ixora Loropetalum 3-gal $12.00 x 1086 plants = $ 13,032 Total Plant Cost= $ 13,032

SECTION (c)

Landscape Enhancement Cost Comparison
Purpose: This comparison was prepared for Lake Ashton CDD Board review to clearly illustrate the cost savings achieved by using American Heritage Nursery plant pricing combined with Yellowstone Landscape labor pricing.
Summary Recommendation
Recommendation is to purchase all plant material directly from American Heritage Nursery while utilizing Yellowstone Landscape for installation labor only. Staff recommends not replacing the Red Ixora on the edges of the Blvd median and allowing the Japanese Blueberry Trees and Plumbago shrubs grow out. This approach significantly reduces total project costs.
Front Entrance Entering Property

Nursery Plant Cost	$4,452.00	
Yellowstone Labor Cost	$4,642.79	
Combined Recommended Cost	$9,094.79	
Yellowstone Full Proposal	$12,565.54	
Estimated Savings	$3,470.75	

Front Entrance Exiting Property

Nursery Plant Cost	$4,452.00	
Yellowstone Labor Cost	$4,642.79	
Combined Recommended Cost	$9,094.79	
Yellowstone Full Proposal	$12,565.54	
Estimated Savings	$3,470.75	

Fountain Full Semi Circle by Fountain

Nursery Plant Cost	$1,360.00	
Yellowstone Labor Cost	$1,714.26	
Combined Recommended Cost	$3,074.26	
Yellowstone Full Proposal	$4,628.50	
Estimated Savings	$1,554.24	

End Caps Along Blvd Islands

Nursery Plant Cost	$548.00	
Yellowstone Labor Cost	$285.71	
Combined Recommended Cost	$833.71	
Yellowstone Full Proposal	$1,194.26	
Estimated Savings	$360.55	

Blvd Median Replacing Red Ixora

Nursery Plant Cost	$13,032.00	
Yellowstone Labor Cost	$7,785.60	
Combined Recommended Cost	$20,817.60	
Yellowstone Full Proposal	$30,591.60	
Estimated Savings	$9,774.00	

Grand Total Comparison

Total Recommended Cost (Nursery Plants + Yellowstone Labor)	$42,915.15	
Total Yellowstone Proposal Cost	$61,545.44	
Total Estimated Savings	$18,630.29	
Recommendation	Use American Heritage Nursery plant pricing with Yellowstone labor only	

Grand Total Comparison — Excluding Blvd Median Red Ixora Replacement

Total Recommended Cost	$22,097.55	
Total Yellowstone Proposal Cost	$30,953.84	
Total Estimated Savings	$8,856.29	
Recommendation	Use American Heritage Nursery plant pricing with Yellowstone labor only, excluding Blvd
Median Red Ixora replacement	

Section D

Community Director Report Meeting Date: May 18 2026

Community Director Report - May 2026	Page 1 of 6

Submitted by: Christine Wells, Community Director

events by visiting the HFC Activities Office. Staff at the Clubhouse and HFC are working together on a program of events to celebrate 250 years of the United States of America, throughout the community.
Event details were outlined in the May edition of the LA Times. There will be an All American Pool Party at the Clubhouse on July 3, that will be free for all residents, in addition to an array of other fun activities leading up to the 4th of July events.

The LAAAG group is working on 2027 events and activities. The group is looking to add a few members and staff has advertised this in the LA Times. Anyone that is interested should contact Caroline at clane@lakeashtoncdd.com.

Other Activities and Events booked through July, at the Clubhouse:

Events and Activities
April was Volunteer Appreciation Month. Clubhouse and HFC staff hosted the Volunteer Appreciaton Block Party event at the Clubhouse. Staff received a lot of positive feedback regarding the event. All feedback witll be shared at the next Lake Ashton Activities Advisor Group meeting.
The event was free to all volunteers that signed up, thanks to our sponsors,

In May, Clubhouse staff hosted a Ladies Luncheon and Fashion Show with Dillard’s, a Pizza Party with Tony Knight, and the start of our 2026 Summer Music Series. The first show at the Clubhouse was canceled due to lack of ticket sales. Residents can purchase tickets to the Clubhouse events, online or by visiting the Clubhouse Activities Office.
Residents can purchase tickets to the HFC

5/29: Think & Drink w/ Cypress Chiropractic & Wellness 6/3:	Window Tinting Lunch & Learn
6/26: Decades Dance

6/26: Crafting w/ Carmen: Red, White, & Blue Tie Dye Class for 250th 6/30: National Corvette Day Show
7/1:	Red, White, & Blue Tie Dye Class for 250th 7/3:	All-American Summer Night
7/3:	Patriotic Puppy Parade
7/4:	250th America Celebration Proclamation 7/17: Boots by the Lake
Staff is continuing to book food trucks through the end of August. Recently some food trucks have canceled so staff has scaled back schduling trucks. Caroline is focusing on booking trucks on Tuesdays and Thursdays,while Trivia and Karaoke are being hosted in the Clubhouse. Karaoke is being held in the Restaurant every Thursday, through the end of June. Trivia is being held in the Restaurant on the 2nd and 4th Tuesday, through the end of June.
There is a group of residents that is interested is reviving Community Potucks and we need your help! Residents are encouraged to reach out to Caroline with ideas on what you would like to see and your opinion on bringing together the Community with a Potluck.
A Hurricane Prep talk is scheduled for June 1 at Monday Coffee, with Polk County Fire Rescue.

Newsletter:
The May LA Times Community Magazine was sent out via email blast along with the
monthly calendar on May 1.
The front cover promoted The Military Appreciation Month and Memorial Day remembrance. The back cover promoted the 2026 Summer Music Series.
The June LA Times magazine will be distributed on Monday, June 1, after Monday Coffee. Thank you to all our amazing volunteers that put the newsletter together, for the community, each month. If you would like to volunteer, please be on the lookout for emails advertising the distribution details.

Staff has implemented a new way for residents to submit LA Times articles. They will now be submitted via a form on Lakeashtoncdd.com. Media, advertising this change, has been sent out to residents.

Safety and Security:
Staff is continuing to work with Securitas to correct a few billing invoices and finalize payment to them for guarding services.
Nation provided post orders for review. These were shared with Supervisors and will be discussed during a closed security session at the May meeting. Staff has provided Supervisors with some common complaints from residents regarding security services.

Follow-Up from Previous Board Meeting:
Staff submitted 5 appeal letters with backup to FEMA. All appeals were denied. This is the reason given by FEMA.
“The Applicant has not demonstrated that it owns and operates a facility that is both open to and provides an eligible service to the general public. This letter constitutes the official notification of this determination to the Applicant.

Under Section 423(a) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (Stafford Act) and applicable regulations, the Applicant may elect to appeal this decision.1 If the Applicant submits a second appeal, it must: 1) contain documented justification supporting the Applicant’s position, 2) specify the amount in dispute, and 3) specify the provisions in federal law, regulation, or policy with which the Applicant believes the initial action was inconsistent.”

Staff would like direction on moving forward with a second appeal and expending attorney funds to do so.
Staff is working on designing the Bowling Lanes rules sign that was recommended to be installed, by insurance.
The two Community Directors are working on scheduling a meeting to start working on combining the Joint Strategic Plans and advertising the fireside chats, as mentioned at the Joint BOS Meeting.

Restaurant Update:
Inventory was completed and all items are accounted for.
Staff has put together a list of recommended deductions from the Restaurant damage deposit (Charm City). Please see below:

Security Deposit Received:  $5,000.00

Cleaning Expense:    $2,900.00
Includes carpet cleaning, tile cleaning in the bar and kitchen, cleaning all surfaces in the kitchen, and cleaning all cooking and refrigeration equipment in the bar and kitchen.
Overdue Rent - January: $1,221.39
Pumping Grease Traps (Was completely full at time of departure): $950.00

Total Amount Deducted from Security Deposit:	$5,071.39 Amount Owed to Landlord (Lake Ashton CDD)		$71.39

There are some minor wall and baseboard repairs/painting that need to be completed. Facility staff will facilitate these minor repairs.
Staff is reaching out to vendors to quote a small tile repair project in the bar area.
Staff reached out to Plates on Deck to advise them of the Board’s decision not to move forward with their proposal.
Staff reached out to Dundee Downtown Pizza, Three Roots, and Tropical Fusion Grill to advise of the Board’s decision regarding the rent to be charged. All proposers thanked the Board and provided the references needed for the next step in the process.
Staff sent reference requests to all contacts that were provided by the proposers. To date, staff received a complete reference check for some, but not all references. What has been received has been sent to Supervisors. Staff will follow up on those that are outstanding and will send them to Supervisors, when received.

New Items:
Lake Ashton’s new Community Director, Denise Plavetzky, started on May 7. I will be training with her for the next 60 days. She has met all Supervisors and quite a few residents. She is excited to meet more residents and to bring her many years of experience to Lake Ashton. We are excited and fortunate to have Denise here. Please be sure to give her the Lake Ashton welcome when you see her around the community.
This will be my last Community Director report. Denise will do her first Community Director report for the month of June.

LAVA orchestrated the installation of the glass display cabinets that were approved, by the Community Director, to be installed in the Clubhouse Foyer.
Staff is working on installing gallery lights in the Clubhouse main hallway, near the Card Room, to better display Resident’s artwork in this area. Thank you to the Resident volunteers, Larry and Shelley Brodka that are working on this important community project.
Staff is looking to spread kindness in the community. Resident groups and individuals are encouraged to look in the June LA Times for ways to help!

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	
Installation of an Automatic Door
Opener on the western entrance to the Ballroom	
$6,500.00		
1/26/2026	Received a revised quote for 2799.99 to move the amenity access card reader to install the automatic door opener.	
4/13/2026			
Testing for Waterford Drive (prior to
paving)	$8,624.00		4/20/2026	Base layer testing (Geotechnical) - $3,800
Storm water testing - $4,824	5/11/2026			
Planting in the Littoral Area of Pond 5	$2,700.00		4/20/2026	A deposit has been issued for this project.	5/11/2026	$1,350.00		
Removal of dead plants throughout
CDD property	$5,357.06		4/20/2026	This work is scheduled to take place the week of 5/11/26	5/11/2026			
Install Mulch Along Aberdeen Fence
Line (Bordering TNR)	$3,623.58		3/16/2026	The quote has been approved and is pending scheduling	4/13/2026			
Reserve Study Update	$2,950.00		12/15/2025	Additional changes were received by Supervisors and sent
to Captial Reserve Advisors.	5/11/2026		$1,475.00	
Pavement Management, Stormwater Management, Bridges, and Concrete Pathways	
Restriping the East and West Parking
Lot	$2,250.11		3/16/2026	Some minor corrections need to be made in the west
parking lot.	5/11/2026			
Clean and provide a video line inspection of the sanitary line near the intersection of Berwick Drive and
Aberdeen Lane	
$1,518.07		
4/20/2026	
Work is being scheduled	
5/11/2026			
Install a retaining wall along the pond bank on hole number 1 on the East
Golf Course	
$57,780.00		
3/16/2026	
Work is ongoing in this area	
5/11/2026			
Completed Projects	
Repair to flume on pond 18	$7,830.00		11/15/2025	This project is completed.	5/11/2026		$7,830.00	
Installation of TVs in the Ballroom
and Restaurant			2/23/2026	This project is completed.	4/13/2026	$2,832.83		
Pond Erosion Study	$10,000.00		11/15/2025	This project is complete	2/16/2026	$10,000.00		
Ballroom Refurbishment - Carpet
Replacement	$35,000.00		5/12/2025	This project is complete.	2/16/2026		$35,000.00	
Ballroom Refurbishment - Dance
Floor Replacement	$23,000.00		5/12/2025	This project is complete.	2/16/2026		$23,000.00	

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

Turnberry Lane Repave	

$149,678.15		

4/14/2025	Contract was executed. Project scheduled to start on October 3. The project was completed on October 22. The Engineer approved a 90% payment. There are a couple of repairs needed. Repairs have been completed and the contractor has been paid in full. There was also a change order of $7,650 that will be reimbursed by the City of Lake Wales. Staff has made contact with the City to process the reimbursement and is waiting for payment to be issued. The check from City of Lake Wales was received and processed. This project is completed.	

1/16/2026		

$157,328.15	
Well Pump Replacement (Clubhouse
Well)	$4,648.49		10/20/2025	This was completed on 10/21/25	11/10/2025	$4,648.49		
Replacement of Bridge Boards on the
East Golf Course	$16,000.00		10/20/2025	This work was completed on 11/26/25. The work was
inspected and final payment has been issued.	11/10/2025		$16,000.00	
Ballroom Refurbishment - Drape
Replacement and Roller Shades	$51,623.00		5/12/2025	Project completed on October 24	11/10/2025		$51,623.00	
Re-Stripe the East Parking Lot (add a
handicap spot)	$862.98		9/15/2025	Project completed on October 13	11/10/2025		$862.98	
TNR Entrance Bridge Erosion	$4,356.00		8/18/2025	Project completed on September 22	10/13/2025		$4,356.00	
East Course Bridges Pressure
Washing and Sealing	$13,500.00		8/18/2025	Project completed on September 26	10/13/2025		$13,500.00	
Replace 48 Street Signs Throughout
the Community	$6,300.00	$5,545.35	12/16/2024	This project is complete	9/8/2025		$5,545.35	

Section VI

Section A

Lake Ashton
Community Development District Combined Balance Sheet
April 30, 2026

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

$	143,556	

$	

-	$	-	

$	143,556	
Capital Reserve Account	$	-	$	-	$	18,504	$	18,504	
Lease Receviable	$	39,095	$	-	$	-	$	39,095	
Due from General Fund Investments:
Investment Pool - State Board of Administration	$	-

$	778,867	$

$	22,539	$	-

-	$	1,039,504	$	22,539

$	1,818,371	
Series 2015 Reserve	
$	-	$	177,438	
$	
-	$	177,438	
Revenue	$	-	$	413,392	$	-	$	413,392	
Prepayment 2015-1	$	-	$	45,272	$	-	$	45,272	
Prepayment 2015-2	$	-	$	63	$	-	$	63	
Total Assets	$	961,518	$	658,704	$	1,058,008	$	2,678,230	
Liabilities:
Accounts Payable	

$	120,308	$	4,061	

$	

-	$	124,369	
Due to Debt Service	$	22,539	$	-	$	-	$	22,539	
Deposits Ballroom Rentals	$	7,510	$	-	$	-	$	7,510	
Deposits-Restaurant	$	5,000	$	-	$	-	$	5,000	
Deferred Revenue-Leases	$	30,988	$	-	$	-	$	30,988	
Total Liabilites	$	186,345	$	4,061	$	-	$	190,406	
Fund Balance:
Restricted for:
Debt Service - Series 2015	

$	-	$	654,643	

$	

-	$	654,643	
Assigned for:							
Capital Reserves	$	-	$	-	$	1,058,008	$	1,058,008	
Unassigned	$	775,173	$	-	$	-	$	775,173	
Total Fund Balances	$	775,173	$	654,643	$	1,058,008	$	2,487,823	
					
Total Liabilities & Fund Balance	$	961,518	$	658,704	$	1,058,008	$	2,678,230	

SECTION 8

	Adopted	Prorated Budget	Actual		
	Budget	Thru 04/30/26	Thru 04/30/26	Variance	
Revenues					
Interest	$	30,000	$	17,500	$	18,331	$	831	
Total Revenues	$	30,000	$	17,500	$	18,331	$	831	
Expenditures:					
Capital Projects	$	312,319	$	182,186	$	863	$	181,323	
Turnberry Paving	$	-	$	-	$	157,328	$  (157,328)	
Bridge Board Replacement	$	-	$	-	$	16,000	$	(16,000)	
Ballroom Flooring	$	-	$	-	$	55,992	$	(55,992)	
Reserve Study Update	$	-	$	-	$	1,475	$	(1,475)	
Stormwater Management/Pond Erosion	$	-	$	-	$	41,940	$	(41,940)	
Contingencies	$	223,150	$	130,171	$	-	$	130,171	
Other Current Charges	$	650	$	379	$	353	$	26	
Total Expenditures	$	536,119	$	312,736	$	273,951	$	38,785	
					
Excess (Deficiency) of Revenues over Expenditures	$  (506,119)		$  (255,621)		
Other Financing Sources/(Uses)					
Transfer In/(Out)	$	461,545	$	461,545	$	461,545	$	-	
Total Other Financing Sources (Uses)	$	461,545	$	461,545	$	461,545	$	-	
					
Net Change in Fund Balance	$	(44,574)		$	205,924		
					
Fund Balance - Beginning	$	955,705		$	852,083		
					
Fund Balance - Ending	$	911,131		$ 1,058,008		

Section C

	Adopted	Prorated Budget		Actual		
		Budget	Thru 04/30/26	Thru 04/30/26		Variance	
Revenues:									
Special Assessments - Levy	$	2,336,605	$	2,336,605	$	2,325,902	$	(10,703)	
Rental Income	$	40,000	$	23,333	$	29,225	$	5,892	
Entertainment Fees	$	165,000	$	96,250	$	120,308	$	24,058	
Newsletter Ad Revenue	$	95,000	$	55,417	$	87,228	$	31,811	
Interest Income	$	15,000	$	8,750	$	13,672	$	4,922	
Restaurant Lease Income	$	9,000	$	5,250	$	3,164	$	(2,086)	
Sponsorship - Advent Health	$	8,000	$	8,000	$	8,000	$	-	
Miscellaneous Income	$	9,000	$	5,250	$	12,300	$	7,050	
Security Credentials	$	-	$	-	$	3,030	$	3,030	
Miscellaneous Income-Reimbursed Repairs	$	-	$	-	$	3,700	$	3,700	
Total Revenues	$	2,677,605	$	2,538,855	$	2,606,529	$	67,675	
Expenditures:									
General & Administrative:									
Supervisor Fees	$	12,000	$	7,000	$	4,050	$	2,950	
FICA Expense	$	918	$	536	$	310	$	226	
Engineering	$	65,000	$	37,917	$	42,857	$	(4,940)	
Arbitrage	$	600	$	600	$	600	$	-	
Dissemination	$	1,545	$	901	$	901	$	-	
Dissemination-Amortization Schedules	$	-	$	-	$	950	$	(950)	
Attorney	$	45,000	$	26,250	$	52,560	$	(26,310)	
Annual Audit	$	4,000	$	4,000	$	3,250	$	750	
Trustee Fees	$	4,434	$	4,434	$	4,445	$	(10)	
Management Fees	$	71,823	$	41,897	$	41,897	$	(0)	
Management Fees-Beyond Contract	$	525	$	306	$	250	$	56	
Accounting System Software	$	1,030	$	601	$	601	$	0	
Postage	$	3,500	$	2,042	$	1,382	$	660	
Printing & Binding	$	500	$	292	$	183	$	109	
Newsletter Printing	$	55,000	$	32,083	$	32,138	$	(55)	
Marketing	$	3,000	$	1,750	$	-	$	1,750	
Rentals & Leases	$	4,000	$	2,333	$	1,562	$	771	
Insurance	$	90,034	$	90,034	$	84,008	$	6,026	
Legal Advertising	$	1,500	$	875	$	402	$	473	
Other Current Charges	$	750	$	438	$	615	$	(177)	
Property Taxes	$	13,500	$	7,875	$	-	$	7,875	
Office Supplies	$	300	$	175	$	20	$	155	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	379,134	$	262,513	$	273,154	$	(10,641)	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 04/30/26	Thru 04/30/26	Variance	
Operations & Maintenance					
Field Expenditures
Field Management Services	
$	552,842	
$	322,491	
$	322,492	
$	(1)	
Gate/Patrol/Pool Officers	$	384,846	$	224,494	$	191,533	$	32,960	
Gate/Patrol/Pool Officers-Special Events	$	-	$	-	$	3,636	$	(3,636)	
Security/Fire Alarm/Gate Repairs	$	9,500	$	5,542	$	1,561	$	3,981	
Access Control System	$	67,118	$	39,152	$	39,152	$	-	
Pest Control	$	4,690	$	2,736	$	5,349	$	(2,613)	
Telephone/Internet	$	7,000	$	4,083	$	4,345	$	(261)	
Electric	$	240,000	$	140,000	$	142,521	$	(2,521)	
Water	$	16,000	$	9,333	$	5,703	$	3,630	
Gas-Pool	$	25,000	$	14,583	$	23,331	$	(8,748)	
Refuse	$	8,000	$	4,667	$	5,003	$	(337)	
Repairs and Maintenance-Clubhouse	$	85,600	$	49,933	$	53,224	$	(3,291)	
Repairs and Maintenance-Fitness Center	$	3,000	$	1,750	$	1,259	$	491	
Repairs and Maintenance-Bowling Lanes	$	17,000	$	9,917	$	8,950	$	967	
Repairs and Maintenance-Restaurant	$	6,000	$	3,500	$	19,966	$	(16,466)	
Furniture, Fixtures, Equipment	$	10,000	$	5,833	$	9,209	$	(3,376)	
Repairs and Maintenance-Pool	$	15,000	$	8,750	$	20,479	$	(11,729)	
Repairs and Maintenance-Golf Cart	$	8,000	$	4,667	$	2,919	$	1,748	
Repairs and Maintenance-Reimbursed	$	-	$	-	$	1,344	$	(1,344)	
Landscape  Maintenance-Contract	$	194,520	$	113,470	$	113,470	$	-	
Landscape  Maintenance-Improvements	$	15,000	$	13,033	$	13,033	$	-	
Irrigation Repairs	$	8,500	$	4,958	$	4,470	$	489	
Lake  Maintenance-Contract	$	56,894	$	33,188	$	28,350	$	4,838	
Lake  Maintenance-Other	$	2,000	$	1,167	$	1,350	$	(183)	
Wetland/Mitigation Maintenance	$	48,099	$	28,058	$	7,450	$	20,608	
Permits/Inspections	$	3,000	$	1,750	$	976	$	774	
Office Supplies/Printing/Binding	$	5,000	$	2,917	$	1,194	$	1,723	
Credit Card Processing Fees	$	5,500	$	3,208	$	2,474	$	734	
Dues & Subscriptions	$	9,500	$	5,542	$	3,587	$	1,955	
Decorations	$	2,500	$	1,458	$	567	$	891	
Special Events	$	165,000	$	115,196	$	115,196	$	-	
Traffic Accident Repairs	$	-	$	-	$	345	$	(345)	
Total Operations & Maintenance	$ 1,975,109	$	1,175,375	$ 1,154,437	$	20,938	
					
Total Expenditures	$ 2,354,243	$	1,437,888	$ 1,427,591	$	10,297	
					
Excess (Deficiency) of Revenues over Expenditures	$	323,362		$ 1,178,938		
Other Financing Sources/(Uses):					
Transfer In/(Out)	$  (461,545)	$	(461,545)	$  (461,545)	$	-	
Total Other Financing Sources/(Uses)	$  (461,545)	$	(461,545)	$  (461,545)	$	-	
					
Net Change in Fund Balance	$  (138,183)		$	717,393		
					
Fund Balance - Beginning	$	138,183		$	57,780		
					
Fund Balance - Ending	$	-		$	775,173		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 04/30/26	Thru 04/30/26	Variance	
Revenues:					
Assessments - Tax Roll	$	362,500	$	362,500	$	375,605	$	13,105	
Assessments - PPMT 2015-1	$	-	$	-	$	44,598	$	44,598	
Interest Income	$	500	$	292	$	7,919	$	7,628	
Total Revenues	$	363,000	$	362,792	$	428,122	$	65,330	
Expenditures:					
Series 2015-1
Interest - 11/01	
$	45,875	
$	45,875	
$	45,875	
$	-	
Interest - 05/01	$	45,875	$	-	$	-	$	-	
Principal - 05/01	$	225,000	$	-	$	-	$	-	
Special Call - 11/01	$	-	$	-	$	75,000	$	(75,000)	
Series 2015-2
Interest - 11/01	
$	9,000	
$	9,000	
$	9,000	
$	-	
Interest - 05/01	$	9,000	$	-	$	-	$	-	
Principal - 05/01	$	25,000	$	-	$	-	$	-	
Special Call - 11/01	$	-	$	-	$	10,000	$	(10,000)	
Total Expenditures	$	359,750	$	54,875	$	139,875	$	(85,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	3,250		$	288,247		
					
Net Change in Fund Balance	$	3,250		$	288,247		
					
Fund Balance - Beginning	$	117,841		$	366,396		
					
Fund Balance - Ending	$	121,091		$	654,643		

	Oct-25	Nov-25	Dec-25	Jan-26	Feb-26	Mar-26	Apr-26	May-26	Jun-26	Jul-26	Aug-26	Sep-26	Total	
Revenues:														
Special Assessments - Levy	$	-	$ 568,998	$ 1,566,707	$	65,254	$	46,377	$	32,423	$	46,143	$	-	$	-	$	-	$	-	$	-	$ 2,325,902	
Rental Income	$	3,700	$	5,150	$	4,150	$	7,725	$	2,350	$	2,700	$	3,450	$	-	$	-	$	-	$	-	$	-	$	29,225	
Entertainment Fees	$	6,434	$	1,752	$	88,931	$	2,112	$	8,902	$	8,398	$	3,779	$	-	$	-	$	-	$	-	$	-	$	120,308	
Newsletter Ad Revenue	$	14,983	$	4,838	$	10,062	$	33,533	$	4,099	$	11,210	$	8,504	$	-	$	-	$	-	$	-	$	-	$	87,228	
Interest Income	$	167	$	43	$	98	$	3,816	$	3,367	$	3,446	$	2,735	$	-	$	-	$	-	$	-	$	-	$	13,672	
Restaurant Lease Income	$	-	$	721	$	2,443	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,164	
Sponsorship	$	-	$	-	$	-	$	8,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	8,000	
Miscellaneous Income	$	1,582  $	1,461  $	1,325  $	921	$	3,755	$	1,159	$	2,099	$	-	$	-	$	-	$	-	$	-	$	12,300	
Security Credentials	$	600	$	430	$	430	$	430	$	910	$	230	$	-	$	-	$	-	$	-	$	-	$	-	$	3,030	
Miscellaneous Income-Reimbursed Repairs	$	1,925	$	1,075	$	100	$	100	$	100	$	325	$	75	$	-	$	-	$	-	$	-	$	-	$	3,700	
Miscellaneous Income-Inurance Proceeds	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Total Revenues	$	29,391	$ 584,468	$ 1,674,246	$  121,891	$	-	$	59,890	$	66,784	$	-	$	-	$	-	$	-	$	-	$ 2,606,529	
Expenditures:									
General & Administrative:									
Supervisor Fees	$	450	$	900	$	450	$	450	$	450	$	900	$	450	$	-  $	-  $	-  $	-  $	-  $	4,050	
FICA Expense	$	34	$	69	$	34	$	34	$	34	$	69	$	34	$	-  $	-  $	-  $	-  $	-  $	310	
Engineering	$	3,645	$	3,251	$	9,283	$	5,122	$	9,104	$	6,926	$	5,525	$	-  $	-  $	-  $	-  $	-  $	42,857	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	600	$	-  $	-  $	-  $	-  $	-  $	600	
Dissemination	$	129	$	129	$	129	$	129	$	129	$	129	$	129	$	-  $	-  $	-  $	-  $	-  $	901	
Dissemination	$	350	$	-	$	-	$	-	$	-	$	-	$	600	$	-  $	-  $	-  $	-  $	-  $	950	
Attorney	$	5,293	$	4,846	$	8,714	$	12,741	$	9,604	$	6,362	$	5,000	$	-  $	-  $	-  $	-  $	-  $	52,560	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	3,250	$	-  $	-  $	-  $	-  $	-  $	3,250	
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	4,445	$	-  $	-  $	-  $	-  $	-  $	4,445	
Management Fees	$	5,985	$	5,985	$	5,985	$	5,985	$	5,985	$	5,985	$	5,985	$	-  $	-  $	-  $	-  $	-  $	41,897	
Management Fees	$	-	$	-	$	-	$	-	$	-	$	250	$	-	$	-  $	-  $	-  $	-  $	-  $	250	
Accounting System Software	$	86	$	86	$	86	$	86	$	86	$	86	$	86	$	-  $	-  $	-  $	-  $	-  $	601	
Postage	$	201	$	46	$	335	$	271	$	45	$	435	$	49	$	-  $	-  $	-  $	-  $	-  $	1,382	
Printing & Binding	$	170	$	-	$	-	$	-	$	-	$	13	$	-	$	-  $	-  $	-  $	-  $	-  $	183	
Newsletter Printing	$	4,631	$	4,787	$	4,472	$	4,544	$	4,544	$	4,544	$	4,616	$	-  $	-  $	-  $	-  $	-  $	32,138	
Marketing	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Rentals & Leases	$	145	$	145	$	385	$	145	$	145	$	-	$	598	$	-  $	-  $	-  $	-  $	-  $	1,562	
Insurance	$	84,008	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	84,008	
Legal Advertising	$	-	$	-	$	119	$	-	$	283	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	402	
Other Current Charges	$	122	$	140	$	87	$	-	$	-	$	86	$	180	$	-  $	-  $	-  $	-  $	-  $	615	
Office Supplies	$	3	$	3	$	4	$	3	$	3	$	3	$	4	$	-  $	-  $	-  $	-  $	-  $	20	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	175	
Total General & Administrative	$  105,426	$  20,386	$	30,082	$	29,510	$	30,413	$	25,787	$	31,551	$	-  $	-  $	-  $	-  $	-  $  273,154	

	Oct-25	Nov-25	Dec-25	Jan-26	Feb-26	Mar-26	Apr-26	May-26	Jun-26	Jul-26	Aug-26	Sep-26	Total	
Operations & Maintenance														
Field Expenditures
Field Management Services	
$	46,071	
$  46,070	
$	46,070	
$	46,070	
$	46,070	
$	46,070	
$	46,070	
$	-	
$	-	
$	-	
$	-	
$	-	
$	322,492	
Gate/Patrol/Pool Officers	$	31,427	$  30,613	$	32,009	$	31,538	$	19,004	$	26,824	$	20,118	$	-	$	-	$	-	$	-	$	-	$	191,533	
Gate/Patrol/Pool Officers-Events	$	-	$	-	$	-	$	303	$	3,333	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,636	
Security/Fire Alarm/Gate Repairs	$	162	$	-	$	945	$	-	$	454	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,561	
Access Control System	$	5,593	$	5,593	$	5,593	$	5,593	$	5,593	$	5,593	$	5,593	$	-	$	-	$	-	$	-	$	-	$	39,152	
Security Credentials	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Pest Control	$	449	$	250	$	250	$	395	$	250	$	1,745	$	2,010	$	-	$	-	$	-	$	-	$	-	$	5,349	
Telephone/Internet	$	549	$	550	$	550	$	554	$	961	$	147	$	1,034	$	-	$	-	$	-	$	-	$	-	$	4,345	
Electric	$	23,450	$  17,379	$	20,619	$	20,226	$	22,080	$	19,144	$	19,623	$	-	$	-	$	-	$	-	$	-	$	142,521	
Water	$	703	$	813	$	603	$	1,483	$	352	$	1,015	$	733	$	-	$	-	$	-	$	-	$	-	$	5,703	
Gas-Pool	$	565	$	870	$	724	$	1,447	$	7,923	$	10,412	$	1,390	$	-	$	-	$	-	$	-	$	-	$	23,331	
Refuse	$	716	$	786	$	384	$	1,088	$	278	$	965	$	786	$	-	$	-	$	-	$	-	$	-	$	5,003	
Repairs and Maintenance-Clubhouse	$	4,030	$  11,344	$	13,485	$	3,656	$	3,741	$	6,355	$	10,613	$	-	$	-	$	-	$	-	$	-	$	53,224	
Repairs and Maintenance-Fitness Center	$	-	$	220	$	-	$	-	$	260	$	387	$	392	$	-	$	-	$	-	$	-	$	-	$	1,259	
Repairs and Maintenance-Bowling Lanes	$	3,500	$	-	$	-	$	3,105	$	-	$	1,155	$	1,190	$	-	$	-	$	-	$	-	$	-	$	8,950	
Repairs and Maintenance-Restaurant	$	1,316	$	152	$	224	$	-	$	2,187	$	11,993	$	4,094	$	-	$	-	$	-	$	-	$	-	$	19,966	
Furniture, Fixtures, Equipment	$	1,588	$	1,084	$	-	$	-	$	1,000	$	5,150	$	387	$	-	$	-	$	-	$	-	$	-	$	9,209	
Repairs and Maintenance-Pool	$	2,012	$	2,655	$	3,767	$	2,282	$	2,796	$	4,024	$	2,942	$	-	$	-	$	-	$	-	$	-	$	20,479	
Repairs and Maintenance-Golf Cart	$	345	$	345	$	345	$	345	$	345	$	-	$	1,194	$	-	$	-	$	-	$	-	$	-	$	2,919	
Repairs and Maintenance-Reimbursed	$	-	$	-	$	-	$	-	$	1,175	$	-	$	169	$	-	$	-	$	-	$	-	$	-	$	1,344	
Landscape  Maintenance-Contract	$	16,210	$  16,210	$	16,210	$	16,210	$	16,210	$	16,210	$	16,210	$	-	$	-	$	-	$	-	$	-	$	113,470	
Landscape  Maintenance-Improvements	$	417	$	4,990	$	3,790	$	-	$	3,836	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	13,033	
Irrigation Repairs	$	4,470	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	4,470	
Lake Maintenance-Contract	$	5,000	$	-	$	4,670	$	4,670	$	4,670	$	4,670	$	4,670	$	-	$	-	$	-	$	-	$	-	$	28,350	
Lake Maintenance-Other	$	-	$	-	$	-	$	-	$	-	$	-	$	1,350	$	-	$	-	$	-	$	-	$	-	$	1,350	
Wetland/Mitigation Maintenance	$	3,000	$	-	$	-	$	-	$	4,450	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	7,450	
Permits/Inspections	$	-	$	213	$	763	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	976	
Office Supplies/Printing/Binding	$	52	$	333	$	411	$	52	$	59	$	287	$	-	$	-	$	-	$	-	$	-	$	-	$	1,194	
Credit Card Processing Fees	$	273	$	155	$	120	$	118	$	379	$	1,004	$	426	$	-	$	-	$	-	$	-	$	-	$	2,474	
Dues & Subscriptions	$	31	$	239	$	1,220	$	499	$	49	$	420	$	1,127	$	-	$	-	$	-	$	-	$	-	$	3,587	
Decorations	$	-	$	300	$	-	$	-	$	267	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	567	
Special Events	$	20,823	$	378	$	1,303	$	27,075	$	41,504	$	8,176	$	15,938	$	-	$	-	$	-	$	-	$	-	$	115,196	
Storm Damage	$	-	$	-	$	-	$	-	$	-	$	-	$	345	$	-	$	-	$	-	$	-	$	-	$	345	
Total Expenditures	$  105,426	$ 161,926	$  184,137	$  196,220	$  219,641	$  197,532	$  189,956	$	-  $	-  $	-  $	-  $	-  $ 1,427,591	
									
Excess (Deficiency) of Revenues over Expenditures	$  (76,035)	$ 422,542	$ 1,490,109	$  (74,329)	$ (219,641)	$ (137,642)	$ (123,172)	$	-  $	-  $	-  $	-  $	-  $ 1,178,938	
Other Financing Sources/Uses:									
Transfer In/(Out)	$	-	$	-	$	-	$	(461,545)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	(461,545)	
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	(461,545)	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	(461,545)	

Net Change in Fund Balance	$  (76,035)  $ 422,542  $ 1,490,109  $ (535,874)  $ (219,641)  $ (137,642)  $ (123,172)  $	-  $	-  $	-  $	-  $	-  $  717,393

LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT
Long Term Debt Report FY 2026

Series 2015-1, Special Assessment Bonds	
Interest Rate:
Maturity Date:
Reserve Fund DefinitionRequireme Reserve Fund Requirement Reserve Fund Balance
Bonds outstanding - 9/30/2025	5.000%
5/1/32 50% Maximum Annual Debt Service
$198,375.00

November 1, 2025 (Special Call)	

$1,835,000.00

$1,835,000.00 ($75,000.00)	
Current Bonds Outstanding	$1,760,000.00	

Series 2015-2, Special Assessment Bonds	

Interest Rate:
Maturity Date:

Bonds outstanding - 9/30/2025	
5.000%
5/1/37

November 1, 2025 (Special Call)	

$360,000.00
$360,000.00 ($10,000.00)	
Current Bonds Outstanding	$350,000.00	

Total Current Bonds Outstanding	$2,110,000.00

Section D

LAKE ASHTON
COMMUNITY DEVELOPMENT DISTRICT
Check Run Summary

May 18, 2026

Date	Check Numbers	Amount

General Fund		
04/13/26	10140-10157	$153,547.28	
04/17/26	10158-10165	$60,017.02	
05/01/26	10166-10177	$9,542.43	
05/07/26	10178-10189	$27,356.59	
Auto Pay	8032-8037	$45,725.24	
General Fund Total		$296,188.56	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/11/26	PAGE	10
*** CHECK DATES 04/03/2026 - 05/11/2026 ***	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	#

SVCS 04/26	ACG BUSINESS	SERVICES	40.00	010140	
- - - -	- - -	-	- - - -	- - - - - - - - - - - - - - - - - - - - -	- - - - -	-	-	-	-	-	-	-	-	- - - -	- - - -	- - -	-	-	- - - -	- - -	
4/13/26	00831	4/06/26	42650513 202604 320-57200-54500	*	56.22	
SUPPLIES 04/26	
CINTAS CORP	56.22	010141	
- - - -	- - -	-	- - - -	- - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	-	-	-	-	-	- - - -	- - - -	- - -	-	-	- - - -	- - -	
4/13/26	00774	4/09/26	040926	202604 320-57200-49400	*	1,500.00	
VOLUNTEER COOKOUT 04/26	
MELISSA COGDILL	1,500.00	010142	
- - - -	- - -	-	- - - -	- - - - -	- - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	-	-	-	-	- - - -	- - - - - - -	-	- - - - -	- - -	
4/13/26	00741	4/03/26	38	202604 320-57200-34000	*	46,070.17	
AMENITY	MGMT 04/26	
COMMUNITY ASSOCIATIONS	AND	46,070.17	010143	
- - - -	- - -	-	- - - -	- - - - -	- - - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	- - - -	- - - -	- - -	-	- - - - -	- - -	
4/13/26	00621	4/08/26	1076069	202604 320-57200-54501	*	145.00	
PEST CONTROL 04/26	
4/08/26	1076073	202604 320-57200-54501	*	250.00	
PEST CONTROL 04/26	
COUNTRY BOY PEST CONTROL	395.00	010144	
- - - -	- - -	-	- - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	- - - -	- - - -	- - -	-	- - - - -	- - -	
4/13/26	00466	3/30/26	51972	202604 310-51300-42501	*	4,616.00	
LA TIMES 04/26	
CUSTOMTRADEPRINTING.COM	4,616.00	010145	
- - - -	- - -	-	- - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - -	-	-	-	-	-	-	-	- - - -	- - - - - - -	-	- - - - -	- - -	
4/13/26	00839	4/04/26	1558	202604 320-57200-54500	*	100.00	
SVCS 04/26	
4/04/26	1559	202604 320-57200-54500	*	2,035.36	

4/13/26 00786	4/07/26 000391	202604 320-57200-54500	*	40.00

SVCS 04/26

DETTER CARPENTRY LLC	2,135.36 010146

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00214	3/25/26 AR150341 202603 310-51300-42502	*	452.94
COPIER LEASE 03/26
DEX IMAGING	452.94 010147
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00011	4/13/26 29227	202604 310-51300-31200	*	600.00
SERIES 2015 FYE 02/28/26
GRAU & ASSOCIATES, P.A.	600.00 010148
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00504	4/02/26 107720	202604 320-57200-54520	*	612.96
SVCS 04/26
4/02/26 107720	202604 320-57200-54500	*	611.56
SVCS 04/26
KINCAID ELECTRICAL SERVICES	1,224.52 010149
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LAKA LAKE ASHTON	SHENNING

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/11/26	PAGE	11
*** CHECK DATES 04/03/2026 - 05/11/2026 ***	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	#
4/13/26 00361	2/25/26 310314	202602 320-57200-54520	*	170.50
SVCS 02/26
4/10/26 313956	202604 320-57200-54500	*	3,728.95
REPLACE EVAPORATOR COIL
MILLER'S CENTRAL AIR, INC.	3,899.45 010150
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00720	4/02/26 22-0426	202604 320-57200-49400	*	600.00
KARAOKE 04/26
WAYNE A. MORSE	600.00 010151
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00538	2/02/26 377710	202602 320-57200-54506	*	1,193.83
SVCS 02/26
4/01/26 10194	202604 320-57200-54503	*	345.00
SVCS AGREE/MAINT 04/26
PERFORMANCE GOLF CARTS	1,538.83 010152
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00631	4/08/26 RES 19-1 202603 310-51300-31100	*	6,925.97 SVCS 03/26
RAYL ENGINEERING & SURVEYING, LLC	6,925.97 010153

4/13/26 00696	1/31/26	
	1/31/26	
	1/31/26	
	1/31/26	
	2/28/26	
	2/28/26	
	2/28/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12451914 202601 320-57200-34504	*	5,593.18
SVCS 01/01-01/31/26
12451914 202601 320-57200-54540	*	168.75
SVCS 01/01-01/31/26
12451914 202601 320-57200-34501	*	31,538.00
SVCS 01/01-01/31/26
12451914 202601 320-57200-34511	*	302.94
SVCS 01/01-01/31/26
12481270 202602 320-57200-34504	*	5,593.18
SVCS 02/01-03/28/26
12481270 202602 320-57200-34501	*	19,004.03
SVCS 02/01-03/28/26
12481270 202602 320-57200-34511	*	267.84
SVCS 02/01-03/28/26
SECURITAS SECURITY SERVICES USA,INC	62,467.92 010154
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00830	4/02/26 PSI15661 202604 320-53800-46800	*	4,670.00 MAINT 04/26
SOLITUDE LAKE MANAGEMENT	4,670.00 010155
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00430	3/14/26 50380467 202604 310-51300-42502	*	144.90
COPIER LEASE 04/26
WELLS FARGO VENDOR FINANCIAL SVCS	144.90 010156
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00445	4/01/26 1146977	202604 320-57200-46200	*	16,210.00
LANDSCAPE MAINT 04/26
YELLOWSTONE LANDSCAPE	16,210.00 010157
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LAKA LAKE ASHTON	SHENNING

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/11/26	PAGE	12
*** CHECK DATES 04/03/2026 - 05/11/2026 ***	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	#
4/17/26 00831	4/13/26 42657701 202604 320-57200-54500	*	47.92
SUPPLIES 04/26
CINTAS CORP	47.92 010158
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/17/26 00003	4/07/26 92461077 202603 310-51300-42000	*	48.86
DELIVERY THRU 03/31/26
FEDEX	48.86 010159
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/17/26 00833	4/15/26 358803	202604 320-57200-49400	*	250.00
SVCS 04/26
BOBBY JOE FRY	250.00 010160
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/17/26 00215	4/01/26 488	202604 310-51300-34000	*	5,985.25
MGMT FEE 04/26
4/01/26 488	202604 310-51300-35100	*	85.83
INFO TECH
4/01/26 488	202604 310-51300-31300	*	128.75
DISSEMINATION AGENT SVCS
4/01/26 488	202604 310-51300-51000	*	3.75
OFFICE SUPPLIES 04/26
GMS-CENTRAL FLORIDA, LLC	6,203.58 010161
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/17/26 00164	4/13/26 152010	202603 310-51300-31500	*	6,362.37
SVCS 03/26
LATHAM, LUNA, EDEN & BEAUDINE, LLP	6,362.37 010162

4/17/26 00837	3/16/26	
	3/23/26	
	4/01/26	
	4/06/26	
	4/13/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
10247	202603 320-57200-34501	*	6,706.00
SECURTIY SVCS 03/26
101345	202603 320-57200-34501	*	6,706.00
SECURITY SVCS 03/26
101450	202603 320-57200-34501	*	6,706.00
SECURITY SVCS 03/26
101552	202604 320-57200-34501	*	6,706.00
SECURITY SVCS 04/26
101641	202604 320-57200-34501	*	6,706.00
SECURITY SVCS 04/26
NATION SECURITY SERVICE	33,530.00 010163
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/17/26 00753	3/10/26 10224914 202603 320-57200-45300	*	305.01
SUPPLIES 03/26
3/18/26 10224928 202603 320-57200-45300	*	609.90
SUPPLIES 03/26
3/30/26 10224950 202603 320-57200-45300	*	59.38
SUPPLIES 03/26
POOL & PATIO CENTER	974.29 010164
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LAKA LAKE ASHTON	SHENNING

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/11/26	PAGE	13
*** CHECK DATES 04/03/2026 - 05/11/2026 ***	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	#
4/17/26 00063	3/28/26 032826	202603 320-57200-49400	*	12,600.00
DECADES IN DUET & TROY
WILLIAM CLARE ENTERTAINMENT	12,600.00 010165
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00840	4/16/26 I281490	202604 320-57200-54520	*	1,361.00 PUMP GREASE SVCS 04/26
AVERETT SEPTIC TANK COMPANY INC	1,361.00 010166
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00695	4/21/26 16744750 202604 320-57200-41000	*	480.48
SVCS 04/26
CHARTER COMMUNICATIONS	480.48 010167
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00831	4/20/26 42665312 202604 320-57200-54500	*	47.92
SUPPLIES 04/26
4/27/26 42672341 202604 320-57200-54500	*	47.92
SUPPLIES 04/26
CINTAS CORP	95.84 010168
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00055	4/15/26 20735-04 202604 320-57200-43100	*	667.94
SVCS 04/26
4/15/26 37767-04 202604 320-57200-43100	*	65.24
SVCS 04/26
CITY OF LAKE WALES-UTILITIES DEPT	733.18 010169
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00621	4/08/26 1076077	202604 320-57200-54520	*	150.00
PEST CONTROL 04/26
COUNTRY BOY PEST CONTROL	150.00 010170
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00517	4/14/26 18	202604 310-51300-31300	*	600.00
AMORTIZATION SCHEDULE
DISCLOSURE SERVICES, LLC	600.00 010171
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00821	4/17/26 06298785 202604 320-57200-43200	*	702.47
SVCS 04/26
GAS SOUTH	702.47 010172
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00098	3/06/26 1622691	202603 320-57200-54500	*	139.66
SUPPLIES 03/26
3/11/26 6241002	202603 320-57200-54500	*	79.40
SUPPLIES 03/26
3/12/26 5524044	202603 320-57200-54500	*	105.97
SUPPLIES 03/26
3/16/26 1510110	202603 320-57200-54500	*	400.06
SUPPLIES 03/26
3/18/26 9024074	202603 320-57200-54500	*	317.56
SUPPLIES 03/26
LAKA LAKE ASHTON	SHENNING

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/11/26	PAGE	14
*** CHECK DATES 04/03/2026 - 05/11/2026 ***	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	*	154.71	
320-57200-54500	*	184.90	
320-57200-54500	*	319.82	
320-57200-54500	*	57.86	
320-57200-54500	*	41.96	
320-57200-54500	*	408.69	
320-57200-54500	*	103.72	

3/23/26 4520242	202603

	3/23/26	
	3/25/26	
	3/26/26	
	3/30/26	
	4/02/26	
	4/03/26	

SUPPLIES 03/26 4904350	202603 SUPPLIES 03/26 2242334	202603 SUPPLIES 03/26 1611838	202603 SUPPLIES 03/26 7520960	202603 SUPPLIES 03/26 4620557	202604 SUPPLIES 04/26 3620684	202604 SUPPLIES 04/26
HOME DEPOT CREDIT SERVICES	2,314.31 010173
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00817	5/01/26 10129567 202605 320-57200-45300	*	1,225.00
WATER MGMT 05/26
POOLSURE	1,225.00 010174
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00841	4/28/26 04282026 202604 320-57200-54500	*	48.15
REIMB CLUBHOUSE MAINT
JACOB PRATT	48.15 010175
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00238	4/02/26 326521	202604 320-57200-45300	*	642.00
SVCS 04/26
SPIES POOL,LLC	642.00 010176
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/01/26 00587	4/19/26 26028	202602 320-57200-54530	*	1,190.00
MAINT 02/26
XS BOWLING SERVICE LLC	1,190.00 010177
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00842	5/05/26 90118723 202604 310-51300-32200	*	3,250.00
SVCS 04/26
DIBARTOLOMEO,MCBEE,HARTLEY & BARNES	3,250.00 010178
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00836	4/16/26 041626-1 202604 320-57200-54501	*	1,615.00
BOAR TRAPPING 04/26
HUMANE ANIMAL REMOVAL TEAM, INC.	1,615.00 010179
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00834	4/22/26 04222026 202604 320-57200-49400	*	150.00
TRIVIA PAYMENTS 04/26
STEPHANIE ISZAK	150.00 010180
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00504	4/21/26 107812	202604 320-57200-54500	*	125.00
SVCS 04/26
KINCAID ELECTRICAL SERVICES	125.00 010181
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LAKA LAKE ASHTON	SHENNING

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/11/26	PAGE	15
*** CHECK DATES 04/03/2026 - 05/11/2026 ***	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	#
5/07/26 00512	5/01/26 3394135	202605 320-57200-41000	*	73.50
POOL PHONE 05/26
KINGS III OF AMERICA, INC.	73.50 010182
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00720	4/30/26 24-0426	202604 320-57200-49400	*	150.00
KARAOKE 04/30/26
5/07/26 23-0526	202605 320-57200-49400	*	600.00
KARAOKE THRU 05/28/26
WAYNE A. MORSE	750.00 010183
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00837	3/09/26 101056	202603 320-57200-34501	*	6,706.00
SVCS 03/02-03/08/26
4/22/26 101741	202604 320-57200-34501	*	6,706.00
SVCS 04/13-04/19/26
NATION SECURITY SERVICE	13,412.00 010184
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00815	2/04/26 IV009504 202602 320-57200-34500	*	241.50
SVCS 02/26 SET UP REMOTE
PYE BARKER FIRE & SAFTEY	241.50 010185
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00830	4/29/26 WO-00975 202604 320-53800-46803	*	1,350.00
2026 PLANTING
SOLITUDE LAKE MANAGEMENT	1,350.00 010186
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00039	4/24/26 8160986	202604 310-51300-32300	*	4,444.69
ADMIN 04/01/26-03/31/27
U.S. BANK	4,444.69 010187
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/07/26 00430	4/11/26 50383850 202605 310-51300-42502	*	144.90

- - - - - - - - 5/07/26 00838	- - - - - - - - - 4/22/26 146
INSTALL	WELLS FARGO VENDOR
- - - - - - - - - - - - - - - - - - -
202604 320-57200-54520	FINANCIAL
- - - - -	SVCS
- - - -		-	- -
*	-	-	-	-	- - - - - -	144.90
- - - - -	010188
- - -	
		1 TIME PLUMBING											1,800.00	010189	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - -
TOTAL FOR	- - - -
BANK A		-	- -	-	-	-	-	- - - - - -
250,463.32	- - - - -	- - -	

COPIER LEASE 05/26

PRESSURE VALVE

1,800.00

LAKA LAKE ASHTON	SHENNING

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/11/26	PAGE	16
*** CHECK DATES 04/03/2026 - 05/11/2026 ***	LAKE ASHTON CDD - GF
BANK Z LAKE ASHTON - GF ACH
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/06/26 00061	3/16/26 MAR26	202603 320-57200-43000	*	19,144.14 SERVICE THRU 03/10/2026
TECO-ACH	19,144.14 008032
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/30/26 00825	4/16/26 3465-042 202604 320-57200-43200	*	2,066.82
SVCS 04/26
CENTRAL FLORIDA GAS	2,066.82 008033
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/30/26 00217	3/31/26 0654-001 202603 320-57200-43300	*	508.39
REFUSE SVCS 03/26
REPUBLIC SERVICES #654	508.39 008034
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/30/26 00217	3/14/26 0654-001 202604 320-57200-43300	*	277.77
REFUSE SVCS 04/26
REPUBLIC SERVICES #654	277.77 008035
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/30/26 00061	4/30/26 042026	202604 320-57200-43000	*	19,623.14
SVCS 04/26
TECO-ACH	19,623.14 008036

4/30/26 00664	4/03/26	
	4/03/26	
	4/03/26	
	4/03/26	
	4/03/26	
	4/03/26	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1928-032 202603 320-57200-54000	*	1,127.48
CC PURCHASES THRU 04/02
1928-032 202603 320-57200-54500	*	1,409.61
CC PURCHASES THRU 04/02
1928-032 202603 320-57200-49400	*	687.54
CC PURCHASES THRU 04/02
1928-032 202603 320-57200-52010	*	387.23
CC PURCHASES THRU 04/02
1928-032 202603 320-57200-54510	*	392.10
CC PURCHASES THRU 04/02
1928-032 202603 320-57200-45300	*	101.02
CC PURCHASES THRU 04/02
WELLS FARGO-ACH	4,104.98 008037
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK Z	45,725.24
TOTAL FOR REGISTER	296,188.56

LAKA LAKE ASHTON	SHENNING

Lake Ashton CDD
Special Assessment Receipts
Fiscal Year Ending September 30, 2026

											$2,512,482.00			$406,104.15	$2,918,586.15	
				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			86%			14%	100%	

11/10/25	
10/20/25-10/21/25	
$	26,463.11	
$	4,427.12	
$	1,404.81	
$	236.79	
$	584.97	
$	-	$	28,663.66	
$	24,557.13	
$	4,106.52	
$	28,663.66	
11/17/25	10/01/25-10/31/25	$	12,845.00	$	2,071.38	$	513.78	$	82.85	$	286.41	$	-	$	14,033.35	$	12,084.60	$	1,948.76	$	14,033.36	
11/24/25	11/01/25-11/07/25	$  290,297.00	$  41,635.79	$	11,611.99	$	1,665.38	$	6,373.11	$	-	$  312,282.31	$	273,111.31	$	39,171.00	$	312,282.31	
11/28/25	11/08/25-11/15/25	$  275,551.01	$  36,010.59	$	11,015.31	$	1,440.37	$	5,982.12	$	-	$  293,123.80	$	259,244.99	$	33,878.82	$	293,123.80	
12/09/25	11/16/25-11/25/25	$  645,502.32	$  98,436.06	$	25,813.24	$	3,934.41	$	14,283.81	$	-	$  699,906.92	$	607,295.30	$	92,611.62	$	699,906.92	
12/23/25	11/26/25-11/30/25	$  796,390.00	$ 144,827.02	$	31,855.90	$	5,792.89	$	18,071.36	$	-	$  885,496.87	$	749,243.42	$	136,253.45	$	885,496.87	
12/31/25	12/01/25-12/15/25	$  222,973.85	$  42,200.97	$	8,516.29	$	1,643.76	$	5,100.30	$	-	$  249,914.47	$	210,168.41	$	39,746.07	$	249,914.47	
01/13/26	12/16/25-12/31/25	$	64,543.41	$	9,909.76	$	2,035.96	$	307.54	$	1,442.19	$	-	$	70,667.48	$	61,257.30	$	9,410.18	$	70,667.48	
01/29/26	INTEREST	$	-	$	-	$	-	$	-	$	-	$	-	$	4,642.73	$	3,996.72	$	646.01	$	4,642.73	
02/12/26	01/01/26-01/31/26	$	48,363.65	$	5,962.37	$	1,039.83	$	122.39	$	1,063.28	$	-	$	52,100.52	$	46,377.34	$	5,723.18	$	52,100.52	
03/13/26	02/01/26-02/28/26	$	33,418.89	$	5,529.39	$	334.19	$	55.29	$	771.17	$	-	$	37,787.63	$	32,423.01	$	5,364.62	$	37,787.62	
04/20/26	03/01/26-03/31/26	$	72,590.06	$  11,004.54	$	-	$	-	$	1,671.89	$	-	$	81,922.71	$	71,138.26	$	10,784.45	$	81,922.71	
04/29/26	INTEREST	$	-	$	-	$	-	$	-	$	-	$	-	$	150.06	$	129.18	$	20.88	$	150.06	
04/30/26	PROP APPRAISER	$	-	$	-	$	-	$	-	$	-	$	29,185.86	$  (29,185.86)	$	(25,124.82)	$	(4,061.04)	$	(29,185.86)	

$ 2,493,717.98  $ 402,028.10  $	109,422.97  $	70,912.28  $	84,816.47  $	29,185.86  $ 2,701,506.64	$	2,325,902.14	$

375,604.50  $  2,701,506.64

Gross Percent Collected Balance Due

99.22%
$22,840.07

Page 17

Section VIII

SECTION 8

Section 1

RESOLUTION 2026-03
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT APPROVING PROPOSED BUDGET FOR FISCAL YEAR 2026/2027; DECLARING SPECIAL ASSESSMENTS TO FUND THE PROPOSED BUDGETS PURSUANT TO CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; SETTING PUBLIC HEARINGS; ADDRESSING PUBLICATION; ADDRESSING SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has heretofore prepared and submitted to the Board of Supervisors (“Board”) of the Lake Ashton Community Development District (“District”) prior to June 15, 2026, proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2026 and ending September 30, 2027 (“Fiscal Year 2026/2027”); and

WHEREAS, it is in the best interest of the District to fund the administrative and operations services (together, “Services”) set forth in the Proposed Budget by levy of special assessments pursuant to Chapters 170, 190 and 197, Florida Statutes (“Assessments”), as set forth in the preliminary assessment roll included within the Proposed Budget; and

WHEREAS, the District hereby determines that benefits would accrue to the properties within the District, as outlined within the Proposed Budget, in an amount equal to or in excess of the Assessments, and that such Assessments would be fairly and reasonably allocated as set forth in the Proposed Budget; and

WHEREAS, the Board has considered the Proposed Budget, including the Assessments, and desires to set the required public hearings thereon;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT:
PROPOSED BUDGET APPROVED. The Proposed Budget prepared by the District Manager for Fiscal Year 2026/2027 attached hereto as Exhibit A is hereby approved as the basis for conducting a public hearing to adopt said Proposed Budget.

DECLARING ASSESSMENTS. Pursuant to Chapters 170, 190 and 197, Florida Statutes, the Assessments shall defray the cost of the Services in the total estimated amounts set forth in the Proposed Budget. The nature of, and plans and specifications for, the Services to be funded by the Assessments are described in the Proposed Budget and in the reports (if any) of the District Engineer, all of which are on file and available for public inspection at the “District’s Office,” located at Governmental Management Services-CF, LLC – 219 East Livingston Street, Orlando, Florida 32801. The Assessments shall be levied within the District on all benefitted lots and lands, and shall be apportioned, all as described in the Proposed Budget and the preliminary assessment roll included therein. The preliminary assessment roll is also on file and available for public inspection at the District’s Office. The Assessments shall be paid in one more installments pursuant to a bill issued by the District in November of 2026, and pursuant to Chapter 170, Florida Statutes, or, alternatively, pursuant to the Uniform Method as set forth in Chapter 197, Florida Statutes.

SETTING PUBLIC HEARINGS. Pursuant to Chapters 170, 190, and 197, Florida Statutes, public hearings on the approved Proposed Budget and the Assessments are hereby declared and set for the following date, hour and location:

DATE:	Monday, July 20, 2026
HOUR:	9:00 AM
LOCATION:	Lake Ashton Clubhouse Ballroom
4141 Ashton Club Drive Lake Wales, Florida 33859
TRANSMITTAL OF PROPOSED BUDGET TO LOCAL GENERAL-
PURPOSE GOVERNMENTS. The District Manager is hereby directed to submit a copy of the Proposed Budget to the City of Lake Wales, Florida and Polk County at least 60 days prior to the hearing set above.

POSTING OF PROPOSED BUDGET. In accordance with Section 189.016, Florida Statutes, the District’s Secretary is further directed to post the approved Proposed Budget on the District’s website at least two days before the budget hearing date as set forth in Section 3, and shall remain on the website for at least 45 days.

PUBLICATION OF NOTICE. The District shall cause this Resolution to be published once a week for a period of two weeks in a newspaper of general circulation published in Polk County. Additionally, notice of the public hearings shall be published in the manner prescribed in Florida law.

SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 18TH DAY OF MAY 2026.
ATTEST:	LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT

By:	

Secretary	Its:	

Proposed Budget
Fiscal Year 2027

Community Development District

May 18, 2026

	Table of Contents	

1-2		General Fund	

3-10	
	General Fund Narrative	

11	
	Capital Reserve Fund	

12	
	Debt Service Fund Series 2015	

13	
	Amortization Schedule - Debt Service Fund Series 2015-1	

14	
	Amortization Schedule - Debt Service Fund Series 2015-2	

	Actual
Thru	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	Proposed
Budget	
Description		9/30/25	FY 2026	4/30/26	5 Months	9/30/26	FY 2027	FY 2027	

Revenues									
Special Assessments - Levy	001.300.36300.10100	$2,355,621	$2,336,605	$2,325,902	$10,703	$2,336,605	$2,427,563	$2,518,515	
Rental Income	001.300.36200.10100	$31,900	$40,000	$29,225	$2,675	$31,900	$30,000	$30,000	
Entertainment Fees	001.300.36200.10000	$154,842	$165,000	$120,308	$44,692	$165,000	$165,000	$165,000	
Newsletter Ad Revenue	001.300.36200.10200	$97,634	$95,000	$87,228	$10,407	$97,634	$95,000	$95,000	
Interest Income	001.300.36100.10000	$24,895	$15,000	$13,672	$11,223	$24,895	$15,000	$15,000	
Restaurant Lease Income	001.300.34900.10000	$10,792	$9,000	$3,164	$5,836	$9,000	$0	$0	
Sponsorship - Advent Health	001.300.36200.10700	$8,000	$8,000	$8,000	$0	$8,000	$8,000	$8,000	
Contributions	001.300.36600.10000	$0	$0	$0	$0	$0	$0	$0	
Special Events - Security	001.300.36200.10500	$0	$0	$0	$0	$0	$0	$0	
Security Credentials	001.300.36200.10600	$6,630	$0	$3,030	$2,164	$5,194	$4,000	$4,000	
Revenue-Reimbursed Repairs	001.300.36200.10900	$11,470	$0	$3,700	$0	$3,700	$0	$0	
Insurance Proceeds	001.300.36900.10200	$4,769	$0	$0	$0	$0	$0	$0	
Miscellaneous Income	001.300.36900.10000	$15,500	$9,000	$12,300	$8,786	$21,086	$9,000	$9,000	
Carryforward	001.300.27100.10000	$84,659	$138,183	$57,780	$0	$57,780	$0	$0	
TOTAL REVENUES		$2,806,712	$2,815,788	$2,664,309	$96,485	$2,760,794	$2,753,563	$2,844,515	

Expenditures									
Administrative									
Supervisor Fees	001.310.51300.11000	$6,750	$12,000	$4,050	$2,250	$6,300	$12,000	$12,000	
FICA Expense	001.310.51300.21000	$516	$918	$310	$172	$482	$918	$918	
Engineering	001.310.51300.31100	$77,355	$65,000	$42,857	$30,612	$73,468	$75,000	$75,000	
Arbitrage	001.310.51300.31200	$600	$600	$600	$0	$600	$600	$600	
Dissemination	001.310.51300.31300	$1,575	$1,545	$901	$644	$1,545	$1,545	$1,545	
Dissemination-Amortization Schedules	001.310.51300.31300	$850	$0	$950	$0	$950	$0	$0	
Attorney	001.310.51300.31500	$43,449	$45,000	$52,560	$37,543	$90,103	$60,000	$60,000	
Annual Audit	001.310.51300.32200	$3,930	$4,000	$3,250	$0	$3,250	$4,000	$4,000	
Trustee Fees	001.310.51300.32300	$4,310	$4,434	$4,445	$0	$4,445	$4,435	$4,435	
Management Fees	001.310.51300.34000	$69,731	$71,823	$41,897	$29,926	$71,823	$75,414	$75,414	
Management Fees-Beyond Contract	001.310.51300.34001	$500	$525	$250	$0	$250	$0	$0	
Accounting System Software	001.310.51300.35100	$1,000	$1,030	$601	$429	$1,030	$1,030	$1,030	
Postage	001.310.51300.42000	$2,724	$3,500	$1,382	$987	$2,369	$3,500	$3,500	
Printing & Binding	001.310.51300.42500	$327	$500	$183	$130	$313	$500	$500	
Newsletter Printing	001.310.51300.42501	$55,074	$55,000	$32,138	$22,956	$55,094	$55,000	$55,000	
Marketing	001.310.51300.48001	$885	$3,000	$0	$0	$0	$3,000	$3,000	
Rentals & Leases	001.310.51300.42502	$1,858	$4,000	$1,562	$1,116	$2,678	$4,000	$4,000	
Insurance	001.310.51300.45000	$83,239	$90,034	$84,008	$0	$84,008	$82,000	$82,000	
Legal Advertising	001.310.51300.48000	$1,073	$1,500	$402	$821	$1,224	$1,500	$1,500	
Other Current Charges	001.310.51300.49000	$484	$750	$615	$439	$1,054	$750	$750	
Property Taxes	001.310.51300.31400	$0	$13,500	$0	$0	$0	$13,500	$13,500	
Office Supplies	001.310.51300.51000	$29	$300	$20	$14	$34	$300	$300	
Dues, Licenses & Subscriptions	001.310.51300.54000	$175	$175	$175	$0	$175	$175	$175	
TOTAL ADMINISTRATIVE		$356,433	$379,134	$273,154	$128,040	$401,194	$399,167	$399,167	

Maintenance									
Field Management Services	001.320.57200.34000	$521,549	$552,842	$322,492	$230,352	$552,844	$580,484	$580,484	
Gate/Patrol/Pool Officers	001.320.57200.34501	$364,518	$384,846	$191,533	$136,809	$328,343	$360,000	$360,000	
Security Credentials	001.320.57200.34505	$140	$0	$0	$0	$0	$0	$0	
Gate/Patrol/Pool Officers-Special Events	001.320.57200.34511	$825	$0	$3,636	$2,597	$6,234	$0	$0	
Security/Fire Alarm/Gate Repairs	001.320.57200.34500	$3,718	$9,500	$1,561	$1,115	$2,675	$5,000	$5,000	
Access Control System	001.320.57200.34504	$67,184	$67,118	$39,152	$27,966	$67,118	$67,118	$67,118	
Pest Control	001.320.57200.54501	$4,330	$4,690	$5,349	$1,250	$6,599	$4,690	$4,690	

	Actual
Thru	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	Proposed
Budget	
Description		9/30/25	FY 2026	4/30/26	5 Months	9/30/26	FY 2027	FY 2027	

Maintenance-continued									
Telephone/Internet	001.320.57200.41000	$7,184	$7,000	$4,345	$4,345	$8,689	$7,000	$7,000	
Electric	001.320.57200.43000	$251,360	$240,000	$142,521	$114,865	$257,386	$255,000	$255,000	
Water	001.320.57200.43100	$11,419	$16,000	$5,703	$4,074	$9,777	$15,000	$15,000	
Gas/Natural Gas-Pool	001.320.57200.43200	$26,555	$25,000	$23,331	$4,431	$27,762	$28,000	$28,000	
Refuse	001.320.57200.43300	$8,096	$8,000	$5,003	$3,574	$8,577	$8,000	$8,000	
Clubhouse Repairs and Maintenance	001.320.57200.54500	$82,958	$85,600	$53,224	$38,017	$91,241	$85,600	$85,600	
Fitness Center Repairs and Maintenance	001.320.57200.54510	$2,073	$3,000	$1,259	$900	$2,159	$3,000	$3,000	
Bowling Lanes Repairs and Maintenance	001.320.57200.54530	$22,219	$17,000	$8,950	$6,393	$15,342	$17,000	$17,000	
Restaurant Repairs and Maintenance	001.320.57200.54520	$7,409	$6,000	$19,966	$14,261	$34,227	$6,000	$6,000	
Furniture, Fixtures, Equipment	001.320.57200.52010	$7,277	$10,000	$9,209	$6,578	$15,787	$10,000	$10,000	
Pool Maintenance	001.320.57200.45300	$34,707	$15,000	$20,479	$6,125	$26,604	$30,000	$30,000	
Pool Repairs	001.320.57200.45301	$0	$0	$0	$0	$0	$10,000	$10,000	
Golf Cart Repairs and Maintenance	001.320.57200.54506	$6,502	$8,000	$2,919	$2,085	$5,004	$6,500	$6,500	
Reimbursed Repairs and Maintenance	001.320.57200.54540	$1,943	$0	$1,344	$0	$1,344	$0	$0	
Maintenance Contingency	001.320.57200.49100	$0	$0	$0	$0	$0	$2,000	$2,000	
Landscape  Maintenance-Contract	001.320.57200.46200	$194,663	$194,520	$113,470	$81,050	$194,520	$194,520	$194,520	
Landscape  Maintenance-Improvements	001.320.57200.46201	$11,222	$15,000	$13,033	$1,500	$14,533	$20,000	$20,000	
Irrigation Repairs	001.320.57200.46202	$5,266	$8,500	$4,470	$3,500	$7,970	$8,500	$8,500	
Lake Maintenance-Contract	001.320.53800.46800	$55,236	$56,894	$28,350	$23,350	$51,700	$57,721	$57,721	
Lake Maintenance-Other	001.320.53800.46803	$1,360	$2,000	$1,350	$0	$1,350	$0	$0	
Wetland/Mitigation Maintenance	001.320.53800.46801	$47,000	$48,099	$7,450	$18,750	$26,200	$27,000	$27,000	
Permits/Inspections	001.320.57200.54100	$495	$3,000	$976	$697	$1,672	$3,000	$3,000	
Office Supplies/Printing/Binding	001.320.57200.51000	$3,341	$5,000	$1,194	$853	$2,047	$4,000	$4,000	
Credit Card Processing Fees	001.320.57200.34600	$2,559	$5,500	$2,474	$1,767	$4,241	$5,500	$5,500	
Dues & Subscriptions	001.320.57200.54000	$12,861	$9,500	$3,587	$5,913	$9,500	$9,500	$9,500	
Decorations	001.320.57200.52005	$565	$2,500	$567	$0	$567	$2,500	$2,500	
Special Events	001.320.57200.49400	$117,452	$165,000	$115,196	$49,804	$165,000	$165,000	$165,000	
Storm Damage/Traffic Accident Repairs	001.320.57200.54502	$12,136	$0	$345	$0	$345	$0	$0	
TOTAL MAINTENANCE		$1,896,119	$1,975,109	$1,154,437	$792,919	$1,947,357	$1,997,633	$1,997,633	
									
TOTAL EXPENDITURES		$2,252,552	$2,354,243	$1,427,591	$920,959	$2,348,550	$2,396,800	$2,396,800	

Other Sources and Uses									
Capital Reserve-Transfer Out (From General Fund to Capital Reserve)	($496,380)	($461,545)	($461,545)	$49,301	($412,244)	($356,763)	($447,715)	
TOTAL OTHER SOURCES AND USES	($496,380)	($461,545)	($461,545)	$49,301	($412,244)	($356,763)	($447,715)	
							
EXCESS REVENUES	$57,780	$0	$775,173	($775,173)	$0	$0	$0	
					OPT#1	OPT#2	

	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027	FY 2027	
Net Assessment	$1,703,644	$1,789,053	$2,055,306	$2,145,886	$2,336,610	$2,336,605	$2,427,563	$2,518,515	
Plus Collection Fees (7%)	$128,231	$134,660	$154,700	$161,518	$175,874	$175,873	$182,720	$189,566	
Gross Assessment	$1,831,875	$1,923,713	$2,210,006	$2,307,404	$2,512,484	$2,512,478	$2,610,283	$2,708,081	
No. of Units	977	977	974	974	978	978	978	978	
Gross Per Unit Assessment	$1,875.00	$1,969.00	$2,269.00	$2,369.00	$2,569.00	$2,569.00	$2,669.00	$2,769.00	

$100.00	$200.00

REVENUES:

Special  Assessments  001.300.36300.10100
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.

Rental  Income 001.300.36200.10100
Rental fees charged for rental of facilities for events.

Entertainment  Fees  001.300.36200.10000
Fees charged for the Entertainment Series tickets and Special Event tickets. The entertainment fees include a charge for those paying with credit cards to offset the credit card processing fees.

Newsletter  Income 001.300.36200.10200
The District will earn advertising income from local businesses who would like to advertise in the CDD newsletter that is published on a monthly basis.

Interest  Income  001.300.36100.10000
The District will have all excess funds invested with the State Board of Administration. The amount is based upon the estimated average balance of funds available during the fiscal year.

Restaurant Lease Income 001.300.34900.10000
Monthly lease payment for lease of the Restaurant.

Sponsorship – AdventHealth 001.300.36300.10000
Contributions received from AdventHealth in support of programs, events, or initiatives.

Contributions 001.300.36600.10000
Funds received from individuals, organizations, or other entities to support the organization’s programs, operations, or initiatives.

Special Event – Security 001.300.36200.10500
Funds received from event organizers, sponsors, or participants to cover the costs of security services provided during specific events. This may include fees for on-site security personnel, access control, crowd management, and related safety measures. The revenue offsets the expenses associated with planning, staffing, and implementing security protocols to ensure a safe environment for attendees and staff.

Security Credentials 001.300.36200.10600
Funds collected from the issuance, replacement, or renewal of identification and access credentials for authorized personnel.

Revenue-Reimbursed  Repairs  001.300.36200.10900
Funds received or anticipated from third parties to offset costs incurred for repair activities.

Miscellaneous Income 001.300.36900.10000
Miscellaneous income sources including Monday Morning Coffee Revenue and Postage Revenue as well as any other business center revenue earned during the fiscal year.

Carryforward Surplus 001.300.27100.10000
The unexpended balance at the end of the prior fiscal year that has been rolled forward to the next fiscal year.

EXPENDITURES:

Supervisor Fees  001.310.51300.11000
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon the five paid supervisors attending the estimated 12 monthly meetings and 6 joint meetings at their agreed upon compensation.

FICA Expense 001.310.51300.21000
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees 001.310.51300.31100
The District's engineer will be providing general engineering services to the District including attendance and preparation for board meetings, etc.

Arbitrage 001.310.51300.31200
The District is required to annually have an arbitrage rebate calculation on the District's Series 2015 Capital Improvement Revenue Refunding Bonds. An independent certified public accounting firm will calculate the rebate liability and submit a report to the District.

Dissemination Agent 001.310.51300.31300
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues. The District has contracted with Governmental Management Services, to provide this service.

Dissemination-Amortization Schedules 001.310.51300.31301
The cost associated with the preparation and maintenance of amortization schedules after principal special calls on the Series 2015 bonds.

Attorney 001.310.51300.31500
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc.

Annual Audit 001.310.51300.32200
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees 001.310.51300.32300
The District issued Series 2015A-1 and A-2 Capital Improvement Revenue Refunding Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Management Fees 001.310.51300.34000
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services. These services are further outlined in Exhibit "A" of the Management Agreement.

Management Fees-Beyond Contract 001.310.51300.34001
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services. Additional management, administrative, or accounting services that exceed the scope or limits of existing contractual agreements.

Accounting System Software 001.310.51300.35100
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services.

Postage 001.310.51300.42000
Mailing of checks, overnight deliveries, correspondence, etc.

Printing & Binding 001.310.51300.42500
Printing copies, printing of computerized checks, stationary, envelopes etc.

Newsletter Printing 001.310.51300.42501
Cost of preparing and printing monthly newsletter for CDD residents.

Marketing 001.310.51300.48001
Activities designed to promote awareness, engagement, and participation in the organization’s programs, services, or initiatives. This includes costs for advertising (digital and print), social media campaigns, website development and maintenance, branding and graphic design, promotional materials, and public relations efforts.

Rentals & Leases 001.310.51300.42502
The District currently has a lease for the copier at the clubhouse. Copy overage and toner shipping charges are also included.

Insurance 001.310.51300.45000
The District's General Liability & Public Officials Liability Insurance policy and property insurance is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising 001.310.51300.48000
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges 001.310.51300.49000
Bank charges and any other miscellaneous expenses that are incurred during the year.

Property Taxes 001.310.51300.31400
Non-exempt Ad-valorem taxes on property owned within the District.

Office Supplies 001.310.51300.51000
Miscellaneous office supplies.

Dues, Licenses & Subscriptions 001.310.51300.54000
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

MAINTENANCE:

Field Management Fees 001.320.57200.34000
CALM will provide on-site management services for the District. The amount budgeted is based on an estimated annual contract amount of $552,842. This amount represents a 6% proposed increase.

Gate/Patrol/Pool Officers 001.320.57200.34501
Property, gate attendant services and pool officers for the Lake Ashton Community Development District are now provided by Nation Security. The amount budgeted is based on the annual contract.

Security Credentials 001.320.57200.34505
Support the procurement, issuance, and management of identification and access credentials for authorized personnel. This includes items such as ID badges, key cards, fobs, biometric enrollment materials, and associated printing or encoding supplies.

Gate/Patrol/Pool Officers – Special Events 001.320.57200.34511
The costs of security personnel and lifeguards assigned to ensure safety and order during special events. This includes compensation for officers responsible for access control at gates, patrolling event areas, and monitoring pool facilities to prevent accidents and respond to emergencies.

Security/Fire Alarm/Gate Repairs 001.320.57200.34500
Annual fire alarm and security alarm monitoring as well as gate repairs.

Access Control System 001.320.57200.34504
The District currently maintains a five-year agreement with Securitas to amortize the costs of the access control systems and gate operators.

Pest Control 001.320.57200.54501
The District has obtained a contract with Country Boy Pest Control for bugs, mosquitoes and rodent control.

Telephone/Internet 001.320.572100.41000
The District is contracted with Spectrum for Internet services, telephone services, and guest wi-fi services. The District is also contracted with Kings III for emergency telephone service at the pool.

Electric 001.320.57200.43000
The District has various accounts with TECO for electric services.

Account Number	Description	Annual Amount	
211003673699	3555 LAKE ASHTON BL LTS	$1,500.00	
211003674275	LAKE ASHTON-OUTDOOR LIGHTING	$65,000.00	
211003674721	1101 ASHTON PALMS DRIVE	$1,400.00	
211003674952	ASHTON PALMS DR A/L - OUTDOOR LIGHTING	$1,500.00	
211003675454	ASHTON PALMS DRIVE- OUTDOOR LIGHTING	$7,800.00	
211003675231	LAKE ASHTON PHIIIB - OUTDOOR LIGHTING	$24,500.00	
211003673350	3555 LAKE ASHTON BL GRD HSE	$3,500.00	
211003674523	DUNMORE DRIVE AL	$49,000.00	
211003673988	4141 ASHTON CLUB DRIVE	$65,500.00	
221000397002	LAKE ASHTON PH5 LTS	$13,150.00	
211003675660	LAKE ASHTON PH6	$15,750.00	
211003675918	THE PALMS/MACARTHUR PALMS	$6,400.00	
TOTAL		$255,000.00	

Water 001.320.57200.43100
The District receives water service from the City of Lake Wales.

Account Number	Description	Annual Amount	
20735	4141 ASHTON CLUB DRIVE	$10,500.00	
22109	GATE ENTRANCE-IRR	$1,500.00	
37767	PALMS IRRIGATION	$1,500.00	
20740	4128 LAKE ASHTON BLVD.	$1,500.00	
TOTAL		$15,000.00	

Gas/Natural  Gas-Pool  001.320.57200.43200
The District currently uses Florida Public Utilities and Gas South for gas to heat the pool.

Refuse  Service  001.320.57200.43300
The District is currently contracted with Florida Refuse for garbage pickup and recycling services.

Bridge Repairs and Maintenance 001.320.57200.54508
The costs associated with inspecting, repairing, and maintaining bridge structures to ensure safety, functionality, and longevity. This includes expenses for labor, materials, equipment, and contractor services required to address structural wear, corrosion, deck and railing repairs, joint replacement, and other routine or corrective maintenance activities.

Clubhouse Repairs and Maintenance 001.320.57200.54500
The costs associated with the upkeep, repair, and improvement of clubhouse facilities to ensure safety, functionality, and aesthetic appeal. This includes expenses for labor, materials, and contractor services needed for routine maintenance, structural repairs, plumbing, electrical work, HVAC servicing, painting, and other facility improvements.

Fitness Center Repairs and Maintenance 001.320.57200.54510
The costs associated with the upkeep, repair, and replacement of equipment and facilities within the fitness center to ensure safety, functionality, and accessibility. This includes expenses for labor, materials, contractor services, and equipment parts needed for routine maintenance, mechanical or electronic repairs, cleaning, and preventive upkeep of exercise machines.

Bowling Lanes Repairs and Maintenance 001.320.57200.54530
The costs associated with maintaining, repairing, and servicing bowling lanes and related equipment to ensure safety, functionality, and a high-quality user experience. This includes expenses for labor, materials, and contractor services required for lane resurfacing, pinsetter and ball return maintenance, scoring system repairs, lighting, and other mechanical or structural components.

Restaurant Repairs and Maintenance 001.320.57200.54520
The costs associated with maintaining, repairing, and improving restaurant facilities and equipment to ensure safety, operational efficiency, and a high-quality dining experience. This includes expenses for labor, materials, and contractor services needed for routine maintenance, plumbing, electrical, HVAC servicing, kitchen appliance repairs, structural repairs, and general facility upkeep.

Furniture, Fixtures, Equipment 001 320.57200.52010
Replacement of furniture, fixtures, and equipment in the Clubhouse.

Pool Maintenance-Pool 001.320.57200.45300
The costs associated with contracted services for the routine operation, maintenance, and care of swimming pool facilities. This includes fees for professional pool service providers responsible for water treatment, chemical balancing, filtration system monitoring, equipment inspection, cleaning, and other preventive maintenance tasks.

Pool Repairs 001.320.57200.45301
The costs associated with the repair and upkeep of swimming pool facilities to ensure safety, functionality, and compliance with health standards. This includes expenses for labor, materials, and contractor services needed to address mechanical, structural, or equipment issues such as pumps, heaters, filtration systems, pool surfaces, and safety features.

Golf Cart Repairs and Maintenance 001.320.57200.54506
The District has contracted with Performance Plus Carts for the preventive & regular maintenance to the security golf carts.

Reimbursed Repairs and Maintenance 001.320.57200.54540
Represent expenditures incurred for repair activities that are expected to be offset, in whole or in part, through reimbursement from third parties such as insurance providers, warranties, or other funding sources.

Maintenance  Contingency  001.320.57200.49100
Funds reserved to address unforeseen or unplanned maintenance needs that may arise during the project or operational period.

Landscape Maintenance Contract 001.320.57200.46200
The District has contracted with Yellowstone Landscape to provide landscape maintenance services for the Lake Ashton Community Development District. These services will include, mowing, edging, trimming, debris removal, fertilizer, insect, disease and weed control, shrubs, tree maintenance, irrigation, mulching, palm pruning, and maintenance on Fig.

Landscape Maintenance Improvements 001.320.57200.46201
Replacement of plants needed throughout the District.

Irrigation  Repairs  001.320.57200.46202
Unscheduled repairs and maintenance to the irrigation system throughout the District.

Lake Maintenance Contract 001.320.53800.46800
The District has obtained a contract with Solitude Lake Management for the maintenance of 13 ponds, canals, & E-1 pond Littoral Shelf.

Description	Monthly	Annually	
Solitude Lake Mgmt	$4,603	$55,237	

Wetland/Mitigation Maintenance 001.320.53800.46801
The District has obtained a contract with Solitude Lake Management for Wetlands/Mitigation maintenance. The management program will include the control of vegetation, algae, and grass/brush control.

Description	Quarterly	Annually	Area	
Applied Aquatics	$4,450.00	$17,800.00	Mitigation Areas: 1B, 7A	
			Wetlands Areas: 2, 3, 4, 5,	
			6,	8,	Utility	Easement	
			Wetland, and	
			East Conservation Area	
	Semi-Annually	Annually	Area	
Applied Aquatics	$4,200.00	$8,400.00	Conservation Area from	
			Clubhouse West to ramp	

Permits/Inspections 001.320.57200.54100
The District is required to renew permits and other inspections on an annual basis with the City of Lake Wales, Polk County, FWC, and The State of Florida to comply with regulations.

Office Supplies/Printing & Binding 001.320.57200.51000
Office supplies for the clubhouse that will include items such as paper, toner, etc.

Credit Card Processing Fee 001.320.57200.34699
The costs associated with processing payments made via credit or debit cards. This includes transaction fees, service charges, and merchant processing costs incurred when customers, clients, or participants use card payments for services or program fees.

Dues & Licenses 001.320.57200.54000
The District is required to pay an annual subscription for Motion Picture Licensing and Music Licensing.

Decorations 001.320.57200.52005
The District funds seasonal decorations for the Clubhouse.

Special Events 001.320.57200.49400
The costs associated with planning, organizing, and executing events intended to engage participants, promote programs, or support organizational objectives. This includes expenses for venue rental, catering, staffing, security, equipment rental, decorations, marketing, and other event-related services and materials.

Storm Damage 001.320.57200.54502
The costs associated with repairing and restoring property and operations following damage caused by severe weather events.

Lake Ashton
Community Development District Proposed Budget
Capital Reserve Fund

 Description		Actual Thru
	9/30/25		Adopted Budget
	FY 2026		Actual Thru
	4/30/26		Projected Next
	5 Months		Total Projected
	9/30/26		Proposed Budget
	FY 2027		

Revenues							
Capital Reserve-Transfer In (From General Fund to Capital Reserve)	$496,380	$461,545	$461,545	($49,301)	$412,244	$356,500	
Interest Income	$33,812	$30,000	$18,331	$13,094	$31,424	$25,000	
Carryforward Surplus	$661,153	$955,705	$852,083	$0	$852,083	$1,021,548	
TOTAL REVENUES	$1,191,345	$1,447,250	$1,331,959	($36,208)	$1,295,751	$1,403,048	

Expenditures

Capital Projects-FY 25							
Pavement/Curb Repairs	$6,400	$0	$0	$0	$0	$0	
Restaurant Equipment	$20,960	$0	$0	$0	$0	$0	
Permanent Roofline Lighting	$28,902	$0	$0	$0	$0	$0	
Clubhouse Painting	$35,185	$0	$0	$0	$0	$0	
Seamless Gutters	$16,400	$0	$0	$0	$0	$0	
AED Kits	$4,232	$0	$0	$0	$0	$0	
Tennis Court Resurface	$16,685	$0	$0	$0	$0	$0	
Shoreline Restoration	$38,513	$0	$0	$0	$0	$0	
Ballroom Refurbishment	$62,098	$0	$0	$0	$0	$0	
Street Sign Replacement	$5,545	$0	$0	$0	$0	$0	
Stormwater Repairs	$40,299	$0	$0	$0	$0	$0	
Guardhouse Roof Replacement	$5,330	$0	$0	$0	$0	$0	
Projector Screen Replacement	$5,500	$0	$0	$0	$0	$0	
Shuffleboard Court Roof Replacement	$10,630	$0	$0	$0	$0	$0	
Golf Course Bridge	$13,500	$0	$0	$0	$0	$0	
Contingencies	$28,891	$0	$0	$0	$0	$0	
Other Current Charges	$192	$0	$0	$0	$0	$0	
Capital Projects-FY 26	$0	$0	$0	$0	$0	$0	
Capital Projects	$0	$0	$863	$0	$863	$0	
Turnberry Paving	$0	$0	$157,328	$0	$157,328	$0	
Bridge Board Replacement	$0	$0	$16,000	$0	$16,000	$0	
Ballroom Flooring	$0	$0	$55,992	$0	$55,992	$0	
Reserve Study Update	$0	$0	$1,475	$0	$1,475	$0	
Stormwater Management	$0	$0	$41,940	$0	$41,940	$0	
Capital Projects	$0	$312,319	$0	$0	$0	$0	
Contingencies	$0	$223,150	$0	$0	$0	$0	
Other Current Charges	$0	$650	$353	$252	$605	$0	
Capital Projects-FY 27							
Golf Course Reserves	$0	$0	$0	$0	$0	$0	
Capital Projects	$0	$0	$0	$0	$0	$451,358	
Contingencies	$0	$0	$0	$0	$0	$0	
Other Current Charges	$0	$0	$0	$0	$0	$650	
TOTAL EXPENDITURES	$339,262	$536,119	$273,951	$252	$274,203	$452,008	
							
EXCESS REVENUES	$852,083	$911,131	$1,058,008	($36,460)	$1,021,548	$951,040	

RESERVE STUDY	FY 2027	FY 2028	FY 2029	FY 2030	FY 2031	
Beginning Balance	$1,082,226	$1,091,420	$821,970	$901,058	$949,910	
Reserves	$417,263	$417,263	$431,867	$446,983	$462,627	
Interest	$43,289	$43,657	$32,879	$36,042	$37,996	
Expenditures	($451,358)	($730,370)	($385,658)	($434,173)	($493,770)	
Ending Balance	$1,091,420	$821,970	$901,058	$949,910	$956,763	

RESERVES	FY 2027	FY 2028	FY 2029	FY 2030	FY 2031	
Beginning Balance	$1,021,548	$951,690	$682,240	$761,328	$810,180	
Reserves	$356,500	$417,263	$431,867	$446,983	$462,627	
Interest	$25,000	$43,657	$32,879	$36,042	$37,996	
Expenditures	($451,358)	($730,370)	($385,658)	($434,173)	($493,770)	
Ending Balance	$951,690	$682,240	$761,328	$810,180	$817,033	

Lake Ashton	Debt Service Fund
Community Development District	Series 2015 Special Assessment Refunding Bonds

	Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
 Description			FY 2026		  4/30/26		  5 Months		  9/30/26			FY 2027		
Revenues
Special Assessments - Levy (1)	

$362,500	

$375,605	

$2,072	

$377,677	

$348,500	
Special Assessments - PPMT A-1	$0	$44,598	$0	$44,598	$0	
Special Assessments - PPMT A-2	$0	$0	$0	$0	$0	
Interest Income	$500	$7,919	$5,657	$13,576	$5,000	
Carry Forward Surplus (2)	$117,841	$107,205	$0	$107,205	$90,431	
TOTAL REVENUES	$480,841	$535,327	$7,729	$543,056	$443,931	

Expenditures
Series 2015A-1
Interest - 11/01	$45,875	$45,875	$0	$45,875	$38,625	
Interest - 05/01	$45,875	$0	$44,000	$44,000	$38,625	
Principal - 05/01	$225,000	$0	$215,000	$215,000	$225,000	
Special Call - 11/01	$0	$75,000	$0	$75,000	$0	
Special Call - 5/01	$0	$0	$25,000	$25,000	$0	

Series 2015A-2 Interest - 11/01	

$9,000	

$9,000	

$0	

$9,000	

$8,250	
Interest - 05/01	$9,000	$0	$8,750	$8,750	$8,250	
Principal - 05/01	$25,000	$0	$20,000	$20,000	$25,000	
Special Call - 05/01	$0	$10,000	$0	$10,000	$0	
TOTAL EXPENDITURES	$359,750	$139,875	$312,750	$452,625	$343,750	
						
EXCESS REVENUES	$121,091	$395,452	($305,021)	$90,431	$100,181	

(1) This is based on maximum annual debt assessment. Will update FY27 lot count when received.			
(2) Carryforward suplus is net of the Reserve Requirement.			
	2015A-1	$ 33,000.00	
	2015A-2	 $ 7,625.00 	
	11/27 Interest	$40,625.00	

No. of Units	Per Unit	2015A-1	2015A-2	
401	$0.00	$0.00	$0.00	
129	$539.74	$69,626.46	$0.00	
16	$684.62	$10,953.92	$0.00	
256	$765.82	$196,049.92	$0.00	
22	$1,092.43	$0.00	$24,033.46	
61	$1,028.98	$36,219.36	$26,548.42	
77	$977.74	$75,285.98	$0.00	
GC (12)	$9,530.40	$9,530.40	$0.00	
974	$397,666.04	$50,581.88	
Discounts/Collection Fees (7%)	  ($27,836.62)	($3,540.73) 	
Net Assessment Total	$369,829.42	$47,041.15	

DATE	BALANCE	PRINCIPAL	INTEREST		TOTAL	

05/01/26	
$ 1,760,000.00	
$	215,000.00	
$	44,000.00	
$	
379,875.00	
11/01/26	$ 1,545,000.00	$	-	$	38,625.00	$	-	
05/01/27	$ 1,545,000.00	$	225,000.00	$	38,625.00	$	302,250.00	
11/01/27	$ 1,320,000.00	$	-	$	33,000.00	$	-	
05/01/28	$ 1,320,000.00	$	240,000.00	$	33,000.00	$	306,000.00	
11/01/28	$ 1,080,000.00	$	-	$	27,000.00	$	-	
05/01/29	$ 1,080,000.00	$	250,000.00	$	27,000.00	$	304,000.00	
11/01/29	$  830,000.00	$	-	$	20,750.00	$	-	
05/01/30	$  830,000.00	$	265,000.00	$	20,750.00	$	306,500.00	
11/01/30	$  565,000.00	$	-	$	14,125.00	$	-	
05/01/31	$  565,000.00	$	275,000.00	$	14,125.00	$	303,250.00	
11/01/31	$  290,000.00	$	-	$	7,250.00	$	-	
05/01/32	$  290,000.00	$	290,000.00	$	7,250.00	$	304,500.00	
		$ 1,760,000.00	$ 325,500.00	$ 2,206,375.00	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

05/01/26	
$ 350,000.00	
$	
20,000.00	
$	8,750.00	
$	47,750.00	
11/01/26	$ 330,000.00	$	-	$	8,250.00	$	-	
05/01/27	$ 330,000.00	$	25,000.00	$	8,250.00	$	41,500.00	
11/01/27	$ 305,000.00	$	-	$	7,625.00	$	-	
05/01/28	$ 305,000.00	$	25,000.00	$	7,625.00	$	40,250.00	
11/01/28	$ 280,000.00	$	-	$	7,000.00	$	-	
05/01/29	$ 280,000.00	$	25,000.00	$	7,000.00	$	39,000.00	
11/01/29	$ 255,000.00	$	-	$	6,375.00	$	-	
05/01/30	$ 255,000.00	$	25,000.00	$	6,375.00	$	37,750.00	
11/01/30	$ 230,000.00	$	-	$	5,750.00	$	-	
05/01/31	$ 230,000.00	$	30,000.00	$	5,750.00	$	41,500.00	
11/01/31	$ 200,000.00	$	-	$	5,000.00	$	-	
05/01/32	$ 200,000.00	$	30,000.00	$	5,000.00	$	40,000.00	
11/01/32	$ 170,000.00	$	-	$	4,250.00	$	-	
05/01/33	$ 170,000.00	$	30,000.00	$	4,250.00	$	38,500.00	
11/01/33	$ 140,000.00	$	-	$	3,500.00	$	-	
05/01/34	$ 140,000.00	$	30,000.00	$	3,500.00	$	37,000.00	
11/01/34	$ 110,000.00	$	-	$	2,750.00	$	-	
05/01/35	$ 110,000.00	$	35,000.00	$	2,750.00	$	40,500.00	
11/01/35	$	75,000.00	$	-	$	1,875.00	$	-	
05/01/36	$	75,000.00	$	35,000.00	$	1,875.00	$	38,750.00	
11/01/36	$	40,000.00	$	-	$	1,000.00	$	-	
05/01/37	$	40,000.00	$	40,000.00	$	1,000.00	$	42,000.00	
		$ 350,000.00	$ 115,500.00	$ 484,500.00	

Section C

DMHB

DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS

Communication with Those Charged with Governance

Lake Ashton Community Development District
We have audited the financial statements of Lake Ashton Community Development District, for the year ended September 30, 2025, and have issued out report thereon dated May 4, 2026. Professional standards require that we provide you with information about our responsibilities under generally accepted auditing standards and, and Government Auditing Standards as well as certain information related to the planned scope and timing of our audit. We have communicated such information in our meeting about planning matters. Professional standards also require that we communicate to you the following information related to our audit.
Significant Audit Findings
Qualitative Aspects of Accounting Practices
Management is responsible for the selection and use of appropriate accounting policies. The significant accounting policies used by Lake Ashton Community Development District are described in Note A to the financial statements. No new accounting policies were adopted and the application of existing policies was not changed during 2025. We noted no transactions entered into by the governmental unit during the year for which there is a lack of authoritative guidance or consensus. All significant transactions have been recognized in the financial statements in the proper period.

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ significantly from those expected. The most sensitive estimates affecting the Lake Ashton Community Development District’s financial statements was (were):

Management’s estimate of depreciation is based on accounting practices of the District.

Certain financial statement disclosures are particularly sensitive because of their significance to financial statement users. The most sensitive disclosures affecting the financial statements were:

The disclosure of debt.

2222 Colonial Road, Suite 201 • Fort Pierce, Florida 34950 • 772-461-8833 • Fax: 772-461-8872 591 S.E. Port St. Lucie Blvd., • Port St. Lucie, Florida 34984 • 772-878-1952 • Fax: 772-878-1709
Member AICPA	Member AICPA Division for CPA Firms	Member FICPA Private Company Practice Section
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Difficulties Encountered in Performing the Audit

We encountered no significant difficulties in dealing with management in performing and completing our audit.

Corrected and Uncorrected Misstatements

Professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that are trivial, and communicate them to the appropriate level of management. Management has corrected all material misstatements, if applicable. In addition, none of the misstatements detected as a result of audit procedures and corrected by management were material, either individually or in the aggregate, to the financial statements taken as a whole.

Disagreements with Management

For purposes of this letter, professional standards define a disagreement with management as a financial accounting, reporting, or auditing matter, whether or not resolved to our satisfaction, that could be significant to the financial statements or the auditor’s report. We are pleased to report that no such disagreements arose during the course of our audit.

Management Representations
We have requested certain representations from management that are included in the management representation letter dated May 4, 2026.
Management Consultations with Other Independent Accountants

In some cases, management may decide to consult with other accountants about auditing and accounting matters, similar to obtaining a “second opinion” on certain situations. If a consultation involves application of an accounting principle to the governmental unit’s financial statements or a determination of the type of auditor’s opinion that may be expressed on those statements, our professional standards require the consulting accountant to check with us to determine that the consultant has all the relevant facts. To our knowledge, there were no such consultations with other accountants.

This information is intended solely for the use of those charged with financial oversight and management of Lake Ashton Community Development District and is not intended to be and should not be used by anyone other than these specified parties.

Very truly yours,

DiBartolomeo, McBee, Hartley and Barnes, P.A. Fort Pierce, Florida
May 4, 2026

- 2 -

LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT

FINANCIAL STATEMENTS

September 30, 2025

LAKE ASHTON COMMUNITY DEVELOPMENT DISTRICT
FINANCIAL STATEMENTS
September 30, 2025
CONTENTS
PAGE
Independent Auditors’ Report	1-3
Management’s Discussion and Analysis	4-8
Government-wide Financial Statements:
Statement of Net Position	9
Statement of Activities	10
Fund Financial Statements:
Balance Sheet – Governmental Funds	11
Reconciliation of Total Governmental Fund Balances
to Net Position of Governmental Activities	12
Statement of Revenues, Expenditures and Changes in
Fund Balances – Governmental Funds	13
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds
to the Statement of Activities	14
Notes to the Financial Statements	15-28
Required Supplementary Information
Statement of Revenues and Expenditures – Budget and Actual – General Fund	29
Notes to Required Supplementary Information	30
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	31-32
Independent Auditor’s Report on Compliance With the Requirements of Section 218.415, Florida Statutes, Required by Rule 10.556(10) of the
Auditor General of the State of Florida	33
Auditor’s Management Letter Required by Chapter 10.550, Florida Statutes	34-36

DMHB

DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS

INDEPENDENT AUDITORS’ REPORT
To the Board of Supervisors
Lake Ashton Community Development District Polk County, Florida

Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Lake Ashton Community Development District, Polk County, Florida (“District”) as of and for the year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2025, and the respective changes in financial position for the year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America 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 audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
Management is responsible for the preparation and fair presentation of the 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.
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 twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities 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 opinions.

2222 Colonial Road, Suite 201 • Fort Pierce, Florida 34950 • 772-461-8833 • Fax: 772-461-8872 591 S.E. Port St. Lucie Blvd., • Port St. Lucie, Florida 34984 • 772-878-1952 • Fax: 772-878-1709
Member AICPA	Member AICPA Division for CPA Firms	Member FICPA Private Company Practice Section
WWW.DMHBCPA.NET

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 generally accepted 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 generally accepted auditing standards, we:
Exercise professional judgment 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 judgment, 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.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information 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 we 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 our report dated May 4, 2026, on our consideration of the Lake Ashton Community Development District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, rules, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely 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 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 the District’s internal control over financial reporting and compliance.
Report on Other Legal and Regulatory Requirements
We have also issued our report dated May 4, 2026 on our consideration of the District’s compliance with requirements of Section 218.415, Florida Statutes, as required by Rule 10.556(10) of the Auditor General of the State of Florida. The purpose of that report is to provide an opinion based on our examination conducted in accordance with attestation Standards established by the American Institute of Certified Public Accountants.

DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
May 4, 2026

Our discussion and analysis of Lake Ashton Community Development District, Polk County, Florida (“District”) financial performance provides an overview of the District's financial activities for the fiscal year ended September 30, 2025. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS
	The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $8,161,653.
	The change in the District's total net position in comparison with the prior fiscal year was ($133,161), a decrease. The key components of the District's net position and change in net position are reflected in the table in the government-wide financial analysis section.
	At September 30, 2025, the District’s governmental funds reported combined ending fund balances of $1,274,369. A portion of fund balance is non-spendable leases, restricted for debt service and capital projects and the remainder is unassigned fund balance which is available for spending at the District’s discretion.

OVERVIEW OF FINANCIAL STATEMENTS
This discussion and analysis is intended to serve as the introduction to the District's financial statements. The District's basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements
The government-wide financial statements are designed to provide readers with a broad overview of the District's finances, in a manner similar to a private-sector business.
The statement of net position presents information on all the District's assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government's net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by developer contributions. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance and operations.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.
Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District's near-term financing requirements.
Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District's near-term financing decisions.
Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.
The District maintains three individual governmental funds for external reporting. Information is presented in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund. All funds are major funds. The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.
Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year. A portion of the District's net position reflects its investment in capital assets (e.g. land, land improvements and infrastructure). These assets are used to provide services to residents; consequently, these assets are not available for future spending. The balance of unrestricted net position may be used to meet the District's obligations.
Key components of net position were as follows:
Statement of Net Position

	2025		2024	
Current assets	$  1,493,171		$	1,296,194	
Non-current assets			21,713	
Capital assets	9,235,833		9,923,669	
Total assets	10,729,004		11,241,576	
Current liabilities	498,938		428,470	
Long-term liabilities	2,052,919		2,487,304	
Total liabilities	2,551,857		2,915,774	
Deferred inflows of resources	15,494		30,988	
Net position
Net invested in capital assets	
6,902,746		
7,377,740	
Restricted for debt service	320,766		171,261	
Restricted for capital projects	852,083		-	
Unrestricted	86,058		745,813	
Total net position	$  8,161,653		$	8,294,814	
The District's net position decreased during the most recent fiscal year. The majority of the change represents the degree to which ongoing cost of operations exceeded program revenues.
Key elements of the District's change in net position are reflected in the following table:
Change in Net Position

2025	2024	
Program revenues	$ 3,176,487		$	2,996,394	
General revenues		80,168 		126,831 	
Total revenues		3,256,655 		3,123,225 	
Expenses	
General government	356,434		335,160	
Maintenance and operations	999,895		969,346	
Culture and recreation	1,923,324		1,870,920	
Interest on long-term debt	110,163		130,052	
Total expenses		3,389,816 			3,305,478 	
Change in net position	(133,161)		(182,253)	
Net position - beginning of year		8,294,814 			8,477,067 	
Net position - end of year	$ 8,161,653		$	8,294,814	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025 was $3,389,816, which consisted of interest on long-term debt and costs associated with constructed and maintaining certain capital improvements. The costs of the District’s activities were funded by assessments.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025.

The variance between budgeted and actual general fund revenues is not significant. The actual general fund expenditures for the current fiscal year were lower than budgeted amounts due primarily to anticipated costs which were not incurred in the current fiscal year.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2025, the District had $9,235,833 invested in capital assets.	More detailed information about the District’s capital assets is presented in the notes of the financial statements.
Capital Debt

At September 30, 2025, the District had $2,302,919 in Bonds outstanding for its governmental activities. More detailed information about the District’s capital debt is presented in the accompanying notes to the financial statements.

ECONOMIC FACTORS, NEXT YEAR'S BUDGET AND OTHER INFORMATION

For the fiscal year 2026, the District anticipates that the cost of general operations will remain fairly constant. In connection with the District's future infrastructure maintenance and replacement plan, the District Board has included in the budget, an estimate of those anticipated future costs and has assigned a portion of current available resources for that purpose.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact Lake Ashton Community Development District's Accounting Department at 5385 North Nob Hill Road, Sunrise, Florida 33351.

STATEMENT OF NET POSITION
September 30, 2025

	GOVERNMENTAL
	ACTIVITIES		
ASSETS		
Cash and cash equivalents	$	78,424	
Assessments receivable	7,370	
Accrued interest receivable	1,260	
Lease receivable
Restricted assets:	21,713	
Investments
Capital assets:	1,384,404	
Non-depreciable	2,692,929	
Depreciable	6,542,904	
TOTAL ASSETS	$	10,729,004	

LIABILITIES		
Accounts payable	$	184,065	
Accrued interest payable	45,630	
Unearned revenue	7,818	
Deposits	11,425	
Bonds payable, due within one year	250,000	
Bonds payable, due in more than one year	2,052,919	
TOTAL LIABILITIES	2,551,857	
DEFERRED INFLOWS OF RESOURCES
Leases	15,494
NET POSITION

Net investment in capital assets	6,902,746	
Restricted for:
Debt service	
320,766	
Capital projects	852,083	
Unrestricted	86,058	
TOTAL NET POSITION	$	8,161,653	

STATEMENT OF ACTIVITIES
Year Ended September 30, 2025

Functions/Programs	Expenses

Charges for Services

Program Revenues
Operating Grants and Contributions

Capital Grants and Contributions

Net (Expense) Revenues and Changes in Net Position

Governmental Activities

Governmental activities		
General government		$	356,434		$	356,434		$	-		$	-		$	-	
Maintenance and operations	999,895		360,240		-		33,812		(605,843)	
Culture and recreation	1,923,324		1,923,324		-		-		-	
Interest on long-term debt	110,163		484,437		18,240		-		392,514	
Total governmental activities	$	3,389,816		$  3,124,435		$	18,240		$	33,812		(213,329)	
General revenues:
Unrestricted investment earnings		26,478	
Miscellaneous income		46,369	
Lease income		7,321	
Total general revenues		80,168	
Change in net position		(133,161)	
Net position - October 1, 2024		8,294,814	
Net position - September 30, 2025	$	8,161,653	

BALANCE SHEET – GOVERNMENTAL FUNDS
September 30, 2025

	MAJOR FUNDS	

TOTAL

ASSETS

GENERAL

DEBT SERVICE

CAPITAL PROJECTS

GOVERNMENTAL FUNDS

Cash and cash equivalents	$	55,801		$	-		$	22,623		$	78,424	
Investments	149,895		372,974		861,535		1,384,404	
Assessments receivable	6,294		1,076		-		7,370	
Accrued interest receivable	-		1,260		-		1,260	
Due from other funds	10,821		-		-		10,821	
Lease receivable	21,713		-		-		21,713	
TOTAL ASSETS	$	244,524		$	375,310		$	884,158		$	1,503,992	

LIABILITIES AND FUND BALANCES

LIABILITIES		
Accounts payable	$	153,897	$	-	$	30,168	$	184,065	
Unearned revenue	7,818		-		-		7,818	
Due to other funds	-		8,914		1,907		10,821	
Deposits	11,425		-		-		11,425	
TOTAL LIABILITIES	173,140		8,914		32,075		214,129	
DEFERRED INFLOWS OF RESOURCES	
Leases	15,494	-	-	15,494	
FUND BALANCES
Nonspendable:
Leases	6,219	-	-	6,219	
Restricted for:												
Debt service		-			366,396			-			366,396	
Capital projects		-			-			852,083			852,083	
Unassigned		49,671			-			-			49,671	
TOTAL FUND BALANCES		55,890			366,396			852,083			1,274,369	
TOTAL LIABILITIES, DEFFERED												
INFLOWS OF RESOURCES												
FUND BALANCES	$	244,524		$	375,310		$	884,158		$	1,503,992	

RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2025

Total Governmental Fund Balances in the Balance Sheet	$	1,274,369

Amount reported for governmental activities in the Statement of Net Assets are different because:
Capital asset used in governmental activities are not financial resources and therefore are not reported in the governmental funds:
Governmental capital assets	25,585,868
Less accumulated depreciation	(16,350,035)
Certain liabilities are not due and payable in the current period and therefore are not reported in the funds:
Accrued interest payable	(45,630)
Original issue premium	(107,919)
Governmental bonds payable	(2,195,000)

Net Position of Governmental Activities	$	8,161,653

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES – GOVERNMENTAL FUNDS
Year Ended September 30, 2025

		MAJOR FUNDS				TOTAL	
				DEBT	CAPITAL	GOVERNMENTAL	
		GENERAL	SERVICE	PROJECTS		FUNDS	
REVENUES												
Assessments	$	2,355,621	$	484,437	$	-	$	2,840,058	
Charges for services		284,377		-		-		284,377	
Investment earnings		26,478		18,240		33,812		78,530	
Miscellaneous revenue		46,369		-		-		46,369	
Lease revenue		7,321		-		-		7,321	
TOTAL REVENUES		2,720,166		502,677		33,812		3,256,655	
EXPENDITURES									
General government		356,434		-		-		356,434	
Maintenance and operations		103,596		-		163,161		266,757	
Culture and recreation		1,747,223		-		176,101		1,923,324	
Capital outlay		45,302		-		-		45,302	
Debt									
Principal		-		425,000		-		425,000	
Interest expense		-		128,500		-		128,500	
TOTAL EXPENDITURES		2,252,555		553,500		339,262		3,145,317	
EXCESS REVENUES OVER									
(UNDER) EXPENDITURES		467,611		(50,823)		(305,450)		111,338	
OTHER SOURCES (USES)									
Transfers in (out)		(496,380)		-		496,380		-	
TOTAL OTHER SOURCES (USES)		(496,380)			-			496,380			-	
EXCESS REVENUES OVER									
(UNDER) EXPENDITURES									
AND OTHER SOURCES (USES)		(28,769)		(50,823)		190,930		111,338	
FUND BALANCE									
Beginning of year		84,659		417,219		661,153		1,163,031	
End of year	$	55,890	$	366,396	$	852,083	$	1,274,369	

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
Year Ended September 30, 2025

Net Change in Fund Balances - Total Governmental Funds	$	111,338

Amount reported for governmental activities in the Statement of Activities are different because:
Governmental funds report capital outlays as expenditures. However,
in the Statement of Activities, the costs of those assets are depreciated over their estimated useful lives:
Capital outlay	45,302
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the Statement of Net Position and are eliminated in the Statement of Activities:
Payments on long-term debt	425,000
Certain items reported in the Statement of Activities do not require the use of current financial resources and therefore are not reported expenditures in the governmental funds:
Current year provision for depreciation	(733,138) Change in accrued interest payable		8,952
Provision for amortization of bond premium	9,385

Change in Net Position of Governmental Activities	$	(133,161)

NOTE A- NATURE OF ORGANIZATION AND REPORTING ENTITY
Lake Ashton Community Development District ("District”) was established on August 15, 2000 by the City Commissioners of Lake Wales, Florida Ordinance No. 2000-11 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The name was changed to Lake Ashton Community Development District on February 12, 2001. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.
.
The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.
The District is governed by the Board of Supervisors ("Board"), which is composed of five members. All of the Board members are residents of the District and have no affiliation with the developer. The Supervisors are elected by general election by the owners of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes.
The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing Improvements.
The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB") Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.
NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements. The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Government-Wide and Fund Financial Statements (continued)

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other Items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the economic financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.

Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments

Assessments are non-ad valorem assessments on benefited lands within the District. Assessments are levied to pay for the operations and maintenance of the District. The fiscal year for which annual assessments are levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1. The District's annual assessments for operations are billed and collected by the County Tax Collector. The amounts remitted to the District are net of applicable discounts or fees and include interest on monies held from the day of collection to the day of distribution.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Measurement Focus, Basis of Accounting and Financial Statement Presentation (continued)
Assessments (continued)
Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the government.
The District reports the following major governmental funds:
General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.
When both restricted and unrestricted resources are available for use, it is the government's policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest of long-term debt.
Capital Projects Fund
The capital projects fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure with the District.

Assets, Liabilities and Net Position or Equity
Restricted Assets

These assets represent cash and investments set aside pursuant to contractual restrictions. Deposits and Investments
The District's cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities and Net Position or Equity (continued)

Deposits and Investments (continued)

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section 218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured.

The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a“2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.
The District records all interest revenue related to investment activities in the respective funds and reports investments at fair value.

Prepaid Items

Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)
Assets, Liabilities and Net Position or Equity (continued)
Capital Assets
Capital assets, which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of one year. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at estimated fair market value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years
Infrastructure	20-30
Equipment	10
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.
Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.
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 lease revenue 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 B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities and Net Position or Equity (continued)

Long-Term Obligations

In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources

In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.
Fund Equity/Net Position

In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

Committed fund balance - Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

NOTE B - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONTINUED)

Assets, Liabilities and Net Position or Equity (continued)

Fund Equity/Net Position (continued)

Assigned fund balance - Includes spendable fund balance amounts that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board can assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year's appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.
The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.
Other Disclosures
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.
NOTE C - BUDGETARY INFORMATION
The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year end.
The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.

NOTE C - BUDGETARY INFORMATION (CONTINUED)

Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

NOTE D – DEPOSITS AND INVESTMENTS

Deposits

The District's cash balances, including certificates of deposit, were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District’s investments were held as follows at September 30, 2025:

Investment		Fair Value		Credit Risk		Maturities	
US Bank Gcts 0490
Investment in Local Government Surplus Funds Trust Fund (Florida PRIME)		$	372,974

1,011,430		N/A

S&P AAAm		N/A
Weighted average maturity 47 days	
Total Investments		$	1,384,404					
Custodial credit risk - For an investment, custodial credit risk is the risk that, in the event of the failure of the counterparty, the District will not be able to recover the value of the investments or collateral securities that are in the possession of an outside party. The District has no formal policy for custodial risk. The investments listed in the schedule above are not evidenced by securities that exist in physical or book entry form.

NOTE D – DEPOSITS AND INVESTMENTS (CONTINUED)

Investments (continued)

Credit risk - For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk - The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk - The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

Fair Value Measurement - When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:

Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool's participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District's investments have been reported at amortized cost above.

NOTE D – DEPOSITS AND INVESTMENTS (CONTINUED)

Investments (continued)

The District participated in the following external investment pools:

The State Board of Administration for participation in the Local Government Investment Pool (Florida PrimeTM) created by Section 218.415, Florida Statutes is an investment pool that operates under investment guidelines established by Section 215.47, Florida Statutes. The District’s investments in Florida PrimeTM, a qualified external investment pool, meet the requirements of GASB Statement No. 79 and are reported at amortized cost.

NOTE E – INTERFUND RECEIVABLES, PAYABLES AND TRANSFERS

Interfund receivables and payables for the fiscal year ended September 30, 2025 were as follows:

Fund		Receivable		Payable	
General		$	10,821		$	-	
Debt service		-		8,914	
Capital projects		-		1,907	
Total		$	10,821		$	10,821	

The outstanding balances between the funds result primarily from the time lag between the dates that transactions are recorded in the accounting system and payments between funds are made. In the case of the District, the balances between the general fund, the debt service fund and the capital projects fund relate to invoices paid from the general fund that have not been reimbursed by the debt service fund and capital projects fund.

Interfund transfers for the fiscal year ended September 30, 2025 were as follows:

Fund	Transfer In	Transfer Out
General		$	-		$	496,380	
Capital projects	496,380		-	
Total	$	496,380		$	496,380	

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

NOTE F - CAPITAL ASSETS
Capital asset activity for the fiscal year ended September 30, 2025 was as follows:
Balance
10/01/2024	Increases	Decreases

Balance 09/30/2025

Governmental activities:
Capital assets, not being depreciated: Land	$
Total capital assets, not being

2,692,929	$

-	$	-

$ 2,692,929

Infrastructure	22,045,230		-		-		22,045,230	
Equipment	802,407		45,302		-		847,709	
Total capital assets, being
depreciated	
22,847,637		
45,302		
-		
22,892,939	

depreciated	2,692,929	-	-	2,692,929 Capital assets, being depreciated

Less accumulated depreciation for:
Infrastructure	14,991,404			679,050			-		15,670,454	
Equipment	625,493			54,088			-		679,581	
Total accumulated depreciation	15,616,897			733,138			-		16,350,035	
Total capital assets, being depreciated - net	

7,230,740			

(687,836)			

-		

6,542,904	
Governmental activities capital assets - net	
$  9,923,669		
$	
(687,836)		
$	
-		
$ 9,235,833	
Depreciation expense of $733,138 was charged to maintenance and operations and culture and recreation in the amount of $679,050 and $54,088, respectively.

NOTE G – LEASES
During fiscal year 2023, the District adopted GASB Statement No. 87, Leases. The primary objective of this statement is to enhance the relevance and consistency of information about governments' leasing activities. This statement establishes a single model for lease accounting based on the principle that leases are financings of the right to use an underlying asset. Under this Statement, a lessor is required to recognize a lease receivable and a deferred inflow of resources.

NOTE G – LEASES (CONTINUED)

The following is a summary of receivables and deferred inflows on long-term leases in which the District is the lessor, as of September 30, 2025:

Lease receivable		Deferred Current	Long-term	Total		Inflows
Governmental activities:
Charm City at Lake Ashton, LLC	$	21,713		$	-	$	21,713		$	15,494	
Total governmental activities	$	21,713		 
$	-	$	21,713		$	15,494	

Charm City at Lake Ashton, LLC - On March 10, 2023, the District, as lessor, entered into an agreement with Charm City at Lake Ashton, LLC, the lessee, to lease restaurant space. The lease is a 3-year lease with monthly payments ranging from $100 to $2,122. The lease has been amended three times to adjust the monthly payment. The lease has an incremental interest rate of 3%. Inflows of $15,494 were recognized during the fiscal year ended September 30, 2025 related to this lease.

Following is a summary of principal and interest on long-term leases the District expects to receive in years ending September 30 is as follows:

	September 30,			Principal			Interest			Total		
2026	$	21,713	$	566	$	22,279	
2027	-	-	-	
2028	-	-	-	
2029	-	-	-	
2030		-	
  $	21,713 		-	
  $	566 		-	
$	22,279	

NOTE H – LONG-TERM LIABILITIES
$5,115,000 Capital Improvement Revenue Refunding Bonds, Series 2015A-1 – On March 30, 2015, the District issued $5,115,000 in Capital Improvement Revenue Refunding Bonds, Series 2015A-1. The Bonds were issued to refund District’s outstanding Capital Improvement Revenue Bonds, Series 2001A, 2003A and 2005A (collectively, the “Refunded Bonds”), pay certain costs associated with the issuance of the Bonds. The Bonds are payable through May 2032. The Bonds bear interest at 5.0% payable semi-annually on the first day of each May and November. Principal is due serially each May 1, commencing May 2016.

NOTE H – LONG-TERM LIABILITIES (CONTINUED)

$720,000 Capital Improvement Revenue Refunding Bonds, Series 2015A-2 – On March 30, 2015, the District issued $720,000 in Capital Improvement Revenue Refunding Bonds, Series 2015A-2. The Bonds were issued to refund District’s outstanding Capital Improvement Revenue Bonds, Series 2001A, 2003A and 2005A (collectively, the “Refunded Bonds”), pay certain costs associated with the issuance of the Bonds. The Bonds are payable through May 2037. The Bonds bear interest at 5.0% payable semi-annually on the first day of each May and November. Principal is due serially each May 1, commencing May 2016.

The Series 2015A-1 and 2015 A-2 Bonds are subject to redemption at the option of the District prior to maturity. The Series 2015A-1 and 2015 A-2 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 Bond Indenture.

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The requirements have been met for the fiscal year ended September 30, 2025.

The following is a summary of activity in the long-term debt of the District for the year ended September 30, 2025:

	Balance
10/01/2024	
Additions	
Deletions	Balance
09/30/2025	Due Within
One Year	
Capital Improvement Revenue Refunding Bonds, Series
2015A-1	

$	2,225,000	

$	-	$	

390,000	

$	1,835,000	

$	225,000	
Capital Improvement Revenue Refunding Bonds, Series
2015A-2	

395,000	

-	

35,000	

360,000	

25,000	
	2,620,000	-	425,000	2,195,000	250,000	
Unamortized bond premium	117,304	-	9,385	107,919	-	
	$	2,737,304	$	-	$	434,385	$	2,302,919	$	250,000	

NOTE H – LONG-TERM LIABILITIES (CONTINUED)

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2025 are as follows:

  September 30, 		Principal			Interest			Total		
2026	$	250,000	$	109,750	$	359,750	
2027	260,000	97,250	357,250	
2028	275,000	84,250	359,250	
2029	285,000	70,500	355,500	
2030	300,000	56,250	356,250	
2031-2035	750,000	88,000	838,000	
2036-2037		75,000 		5,750 		80,750 	
	 $ 2,195,000 	 $	511,750 	 $	2,706,750 	

NOTE I - MANAGEMENT COMPANY

The District has contracted with a management company to perform services which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.
NOTE J - 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; natural disasters; and environmental remediation. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. The Districts claims did not exceed the commercial insurance coverage in the last three years.

STATEMENT OF REVENUES AND EXPENDITURES BUDGET AND ACTUAL – GENERAL FUND
Year Ended September 30, 2025

REVENUES

  * BUDGET  	ACTUAL	

VARIANCE WITH FINAL BUDGET POSITIVE
  (NEGATIVE)	

Assessments	$ 2,336,611		$ 2,355,621		$	19,010	
Charges for services	260,000		284,377		24,377	
Investment earnings	8,000		26,478		18,478	
Miscellaneous revenue	57,000		46,369		(10,631)	
Lease revenue	19,600		7,321		(12,279)	
TOTAL REVENUES	2,681,211		2,720,166		38,955	

EXPENDITURES
Current
General government	361,918		356,434		5,484	
Maintenance and operations	103,935		103,596		339	
Culture and recreation	1,817,557		1,747,223		70,334	
Capital outlay	-		45,302		(45,302)	
TOTAL EXPENDITURES	2,283,410		2,252,555		30,855	

EXCESS OF REVENUES OVER						
(UNDER) EXPENDITURES	397,801		467,611		69,810	

OTHER FINANCING SOURCES (USES)					
Carry forward surplus	98,579		-		(98,579)	
Capital reserve-transfer out	(496,380)		(496,380)		-	
TOTAL OTHER FINANCING						
SOURCES (USES)	(397,801)		(496,380)		(98,579)	
EXCESS OF REVENUES OVER						
(UNDER) EXPENDITURES
AND OTHER SOURCES (USES)	$	-		(28,769)		$	(28,769)	
FUND BALANCES						
Beginning of year			84,659			
End of year			$	55,890			

* Original and final budget.

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors, Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2025.

The variance between budgeted and actual general fund revenues is not significant. The actual general fund expenditures for the current fiscal year were lower than budgeted amounts due primarily to anticipated costs which were not incurred in the current fiscal year.

DMHB

DIBARTOLOMEO, MCBEE, HARTLEY & BARNES, P.A.
CERTIFIED PUBLIC ACCOUNTANTS

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

To the Board of Directors
Lake Ashton Community Development District Polk County, Florida
We have audited in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to the financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of Lake Ashton Community Development District, as of September 30, 2025 and for the year ended September 30, 2025, which collectively comprise the Lake Ashton Community Development District’s basic financial statements and have issued our report thereon dated May 4, 2026.

Report on Internal Control Over Financial Reporting
In planning and performing our audit, we considered the District’s internal control over financial reporting (internal control) to determine the 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 the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control over financial reporting.

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 misstatements on a timely basis. A material weakness is a deficiency, or a 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 may exist that have not been identified.

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Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the 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
This report is intended 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.

DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
May 4, 2026

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INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Directors
Lake Ashton Community Development District Polk County, Florida

We have examined Lake Ashton Community Development District, Polk County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on 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. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.
We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2025.
This report 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, management, and the Board of Supervisors of Lake Ashton Community Development District, Polk County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

DiBartolomeo, McBee Hartley & Barnes, P.A. Fort Pierce, Florida
May 4, 2026

Management Letter

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

Report on the Financial Statements
We have audited the financial statements of the Lake Ashton Community Development District (“District”) as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated May 4, 2026.
Auditors’ 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 Auditor General.
Other Reporting Requirements
We have issued our Independent Auditors' Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards and Independent Accountants' Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated May 4, 2026, 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 taken to address findings and recommendations made in the preceding annual financial audit report. There were no findings or recommendations in the preceding financial audit report.
Official Title and Legal Authority
Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. The information required is disclosed in the notes to the financial statements.

Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific condition(s) met. In connection with our audit, we determined that the District did not meet any 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 condition assessment procedures for the District. It is management’s responsibility to monitor the District’s financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by 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.
Property Assessed Clean Energy (PACE) Programs
As required by Section 10.554(1)(i)6.a., Rules of the Auditor General, the District did not authorize a PACE program pursuant to Section 163.081 or Section 163.082, Florida Statutes, did not operate with in the District’s geographical boundaries during the fiscal year under audit.
Specific Information
As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the Lake Ashton Community Development District reported:
The total number of district employees compensated in the last pay period of the District’s fiscal year as 3.
The total number of independent contractors to whom nonemployee compensation was paid in the last month of the District’s fiscal year as 12.
All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency as $6,750.
All compensation earned by or awarded to nonemployee independent contractors, whether paid or accrued, regardless of contingency as $2,591,814.
The District does not have any construction projects with a total cost of at least
$65,000 that are scheduled to begin on or after October 1 of the fiscal year being reported.
The District did not amend its final adopted budget under Section 189.016(6), Florida Statutes.

As required by Section 218.39(3)(c), Florida Statutes, and Section 10.554(1)(i)7, 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 range from $3,109 to $3,661 per residential unit.
The total amount of special assessments collected by or on behalf of the District as
$2,840,058.
The total amount of outstanding bonds issued by the District as $2,195,000.
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 abuse, that have occurred, or are likely to have occurred, that have 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 have any such findings.
Purpose of this Letter
Our management letter is intended solely for the information and use of 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.

DiBartolomeo, McBee, Hartley & Barnes, P.A. Fort Pierce, Florida
May 4, 2026