BIG CYPRESS STEWARDSHIP DISTRICT
April 2026 Financial Report

April 30, 2026

PFM Management Services LLC
3501 Quadrangle Blvd.,
Suite 270
Orlando, Florida 32817
Tel: 407-723-5900

Big Cypress Stewardship District

Debt Service	Capital Project	Long Term Debt	
Fund Area 1	Fund Area 1	Group	

Statement of Financial Position As of 4/30/2026

	Assets		
Current Assets			
General Checking Account	$	1,541.27						$	1,541.27	
Accounts Receivable - Due from Developer	21,820.85						21,820.85	
Assessments Receivable		$	421,558.75					421,558.75	
Debt Service Reserve - S2026 Bond Area 1		539,446.88					539,446.88	
Revenue Account - S2026 Bond Area 1		173,750.14					173,750.14	
Acq and Const - S2026 Bond Area 1				$ 7,664,113.77			7,664,113.77	
Total Current Assets	$	23,362.12	$ 1,134,755.77		$ 7,664,113.77		$	-	$  8,822,231.66	

Investments

General Fund

Total

Amount Available in Debt Service Funds	$	713,197.02		$	713,197.02	
Amount To Be Provided	14,746,802.98		14,746,802.98	
Total Investments	$	-	$	-	$	-	$ 15,460,000.00		$ 15,460,000.00	

Total Assets	$	23,362.12	$ 1,134,755.77	$ 7,664,113.77	$ 15,460,000.00	24,282,231.66

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$	21,820.85							$	21,820.85	
Deferred Revenue	21,820.85							21,820.85	
Deferred Revenue			$	421,558.75					421,558.75	
Accounts Payable					$ 1,577,886.34			1,577,886.34	
Retainage Payable					235,844.98			235,844.98	
Total Current Liabilities	$	43,641.70		$	421,558.75		$ 1,813,731.32		$	-	$  2,278,931.77	

Long Term Liabilities
Revenue Bonds Payable - Long-Term	$ 15,460,000.00		$ 15,460,000.00	
Total Long Term Liabilities	$	-	$	-	$	-	$ 15,460,000.00		$ 15,460,000.00	

Total Liabilities	$	43,641.70		$	421,558.75		$ 1,813,731.32		$ 15,460,000.00		$ 17,738,931.77	

Net Assets
Net Assets, Unrestricted	

$	239.76								

$	239.76	
Net Assets - General Government	1,423.97								1,423.97	
Current Year Net Assets - General Government	(21,943.31)								(21,943.31)	
Current Year Net Assets, Unrestricted			$	713,197.02						713,197.02	
Net Assets, Unrestricted					$	(1,849.00)				(1,849.00)	
Current Year Net Assets, Unrestricted					5,852,231.45				5,852,231.45	
Total Net Assets	$	(20,279.58)		$	713,197.02		$ 5,850,382.45		$	-		$  6,543,299.89	
										
Total Liabilities and Net Assets	$	23,362.12		$ 1,134,755.77		$ 7,664,113.77		$ 15,460,000.00		$ 24,282,231.66	

Big Cypress Stewardship District
Statement of Activities As of 4/30/2026	
	
General Fund		
Debt Service Fund Area 1		
Capital Project Fund Area 1		
Long Term Debt Group			
Total	

Revenues															
Developer Contributions		45,130.59										45,130.59	
Off-Roll Assessments				$	170,965.49								170,965.49	
Inter-Fund Group Transfers In				612.45								612.45	
Debt Proceeds				937,903.08								937,903.08	
Developer Contributions						$	4,032.50						4,032.50	
Inter-Fund Transfers In						(612.45)						(612.45)	
Debt Proceeds						14,522,096.92						14,522,096.92	
Total Revenues	$  45,130.59		$ 1,109,481.02		$ 14,525,516.97		$	-		$	15,680,128.58	
Expenses															
Supervisor Fees	$	200.00									$	200.00	
Public Officials Insurance	4,012.00										4,012.00	
Management	32,083.31										32,083.31	
District Counsel	17,253.44										17,253.44	
Audit	3,200.00										3,200.00	
Tax Preparation	8.40										8.40	
Travel and Per Diem	616.01										616.01	
Postage & Shipping	154.52										154.52	
Legal Advertising	3,968.26										3,968.26	
Web Site Maintenance	1,475.00										1,475.00	
Dues, Licenses, and Fees	175.00										175.00	
General Insurance	3,506.00										3,506.00	
Other Insurance - Crime, etc.	500.00										500.00	
Underwriter's Discount			$	309,200.00								309,200.00	
Net Original Issue Discount			89,256.20								89,256.20	
Trustee Services					$	6,750.00						6,750.00	
Management					10,000.00						10,000.00	
Engineering					196,040.62						196,040.62	
Disclosure Agent					1,500.00						1,500.00	
District Counsel					68,828.00						68,828.00	
Trustee Counsel					6,500.00						6,500.00	
Bond Counsel					68,250.00						68,250.00	
Underwriter Counsel					35,000.00						35,000.00	
Assessment Administration					25,500.00						25,500.00	
Financial advisor					20,000.00						20,000.00	
Contractual Services					123,429.70						123,429.70	
Printing					2,500.00						2,500.00	
Building Permits					550.50						550.50	
Refund to Developer					142,351.90						142,351.90	
Capital Expenditures					4,716,899.62						4,716,899.62	
Material and Suppplies	
		
		3,292,841.71						3,292,841.71	
Total Expenses	$  67,151.94		$	398,456.20		$  8,716,942.05		$	-		$	9,182,550.19	
Other Revenues (Expenses) & Gains (Losses)															
Interest Income	$	78.04									$	78.04	
Interest Income			$	2,172.20								2,172.20	
Interest Income	
		
		$	43,656.53						43,656.53	
Total Other Revenues (Expenses) & Gains (Losses)	$	78.04		$	2,172.20		$	43,656.53		$	-		$	45,828.73	
Change In Net Assets	$ (21,943.31)		$	713,197.02		$  5,852,231.45		$	-		$	6,543,485.16	

Net Assets At Beginning Of Year	
$	
1,663.73		
$	
-		
$	
(1,849.00)		
$	
-		
$	
(185.27)	

Net Assets At End Of Year	

$ (20,279.58)		

$	713,197.02		

$  5,850,382.45		

$	-		

$	

6,543,299.89	

Big Cypress Stewardship District
Budget to Actual
For the Month Ending 04/30/2026

	YTD Actual		YTD Budget		YTD Variance		FY 2026
Adopted Budget		Percentage Spent	

Revenues										
Interest Income	$	78.04		$	-		$	78.04		$	-		0.00%	
Developer Contributions	45,130.59		341,959.92		(296,829.33)		586,217.00		7.70%	
Net Revenues	$	45,208.63		$	341,959.92		$  (296,751.29)		$	586,217.00		7.71%	
General & Administrative Expenses										
Supervisor Fees	$	200.00		$	3,733.33		$	(3,533.33)		$	6,400.00		3.13%	
Public Officials Insurance	4,012.00		4,783.33		(771.33)		8,200.00		48.93%	
Trustee Services	-		8,750.00		(8,750.00)		15,000.00		0.00%	
Management	32,083.31		32,083.33		(0.02)		55,000.00		58.33%	
Engineering	-		8,750.00		(8,750.00)		15,000.00		0.00%	
Disclosure Agent	-		2,916.67		(2,916.67)		5,000.00		0.00%	
District Counsel	17,253.44		8,750.00		8,503.44		15,000.00		115.02%	
Assessment Administration	-		8,750.00		(8,750.00)		15,000.00		0.00%	
Reamortization Schedules	-		583.33		(583.33)		1,000.00		0.00%	
Audit	3,200.00		3,033.33		166.67		5,200.00		61.54%	
Arbitrage Calculation	-		291.67		(291.67)		500.00		0.00%	
Travel and Per Diem	616.01		1,400.00		(783.99)		2,400.00		25.67%	
Postage & Shipping	154.52		291.67		(137.15)		500.00		30.90%	
Copies	-		29.17		(29.17)		50.00		0.00%	
Legal Advertising	3,968.26		5,833.33		(1,865.07)		10,000.00		39.68%	
Contingency	8.40		2,916.67		(2,908.27)		5,000.00		0.17%	
Web Site Maintenance	1,475.00		1,575.00		(100.00)		2,700.00		54.63%	
Dues, Licenses, and Fees	175.00		102.08		72.92		175.00		100.00%	
Total General & Administrative Expenses	$	63,145.94		$	94,572.92		$	(31,426.98)		$	162,125.00		38.95%	
Field Expenses										
Electric	$	-		$	700.00		$	(700.00)		$	1,200.00		0.00%	
Utilities	-		2,916.67		(2,916.67)		5,000.00		0.00%	
General Insurance	3,506.00		4,200.00		(694.00)		7,200.00		48.69%	
Other Insurance - Crime, etc.	500.00		-		500.00		-		0.00%	
Landscaping Replacement Material	-		1,458.33		(1,458.33)		2,500.00		0.00%	
Irrigation	-		4,375.00		(4,375.00)		7,500.00		0.00%	
Lake Maintenance	-		1,458.33		(1,458.33)		2,500.00		0.00%	
Landscaping Maintenance & Material	-		20,416.67		(20,416.67)		35,000.00		0.00%	
Road Cleaning	-		875.00		(875.00)		1,500.00		0.00%	
Streetlights	-		12,250.00		(12,250.00)		21,000.00		0.00%	
Miscellaneous	-		8,750.00		(8,750.00)		15,000.00		0.00%	
Storm Water System Management	-		161,403.67		(161,403.67)		276,692.00		0.00%	
Infrastructure Capital Reserve	-		28,583.33		(28,583.33)		49,000.00		0.00%	
Total Field Expenses	$	4,006.00		$	247,387.00		$  (243,381.00)		$	424,092.00		0.94%	
Total Expenses	 $	67,151.94 		 $	341,959.92 		 $  (274,807.98)		 $	586,217.00 			11.46%	
Net Income (Loss)	$	(21,943.31)		$	-		$	(21,943.31)		$	-