Sunbridge Stewardship District
3501 Quadrangle Blvd., Suite 270, Orlando, FL 32817
Phone: 407-723-5935
https://www.sunbridgesd.com

Notice is hereby given that the Sunbridge Stewardship District will hold a meeting of the Board of Supervisors on Thursday, September 4, 2025, at 11:00 a.m. at 6900 Tavistock Lakes Blvd, Ste 200, Orlando, FL 32827. Questions or comments on the Board Meeting or proposed agenda may be addressed to Lynne Mullins at mullinsl@pfm.com or (407) 723-5900. A quorum (consisting of at least three of the five Board Members) will be confirmed prior to the start of the Board Meeting.

Please use the following information to join the telephonic conferencing:

Phone: 1-844-621-3956	Participant Code:  2539 187 8943

BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm a Quorum
Public Comment Period
Consideration of the Minutes of the August 7, 2025, Board of Supervisors’ Meeting
Consideration of Resolution 2025-11, Amending the Annual Meeting Schedule for FY 2026

Business Matters
Consideration of Conveyance Parcel of Lake Myrtle Island
Ratification of Work Authorization for Bridge Light and Driver Repairs
Ratification of Operation and Maintenance Expenditures Paid in July 2025 in an amount totaling
$22,556.80
Review of District’s Financial Position and Budget to Actual YTD

Other Business
Staff Reports
District Counsel
District Manager
District Engineer
District Landscape Supervisor

Supervisor Requests
Adjournment

Sunbridge Stewardship District

Minutes of the August 7, 2025, Board of Supervisors’ Meeting

SUNBRIDGE STEWARDSHIP DISTRICT BOARD OF SUPERVISORS’ MEETING
Thursday, August 7, 2025, at 11:00 a.m.
6900 Tavistock Lakes Blvd., Ste. 200, Orlando, FL 32827

Board Members Present:

Rob Adams	Vice Chair		
Frank Paris	Assistant Secretary		
Katia Moraes	Assistant Secretary		
Ron Domingue	Assistant Secretary		
Also Present:			
Lynne Mullins	PFM		
Amanda Lane	PFM	(via phone)	
Kevin Plenzler	PFM	(via phone)	
Jennifer Walden	PFM	(via phone)	
Blake Firth	PFM	(via phone)	
Jonathan Johnson	Kutak Rock	(via phone)	
JD Humphreys	SLR		
DJ Batten	Berman		
Carlos Negron	Berman		
Rudy Bautista	Tavistock		
Cristyann Courtney	Tavistock	(via phone)	
Todd Jenkins	Resident	(via phone)	

FIRST ORDER OF BUSINESS	ORGANIZATIONAL MATTERS

Roll Call to Confirm a Quorum

The meeting was called to order at 11:00 a.m. The Board Members, staff, and public in attendance are outlined above.

SECOND ORDER OF BUSINESS	Public Comment Period

Ms. Mullins opened the floor for public comments. There were no public comments.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of June 25, 2025, Board of Supervisors’ Meeting

The Board reviewed the minutes.

On MOTION by Mr. Adams, seconded by Ms. Moraes, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District approved the Minutes of the June 25, 2025, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Consideration of Resolution 2025-06, Adopting the Annual Meeting Schedule for FY 2026

Page | 1

Ms. Mullins reviewed the meeting schedule and noted the meeting would be held in the same location, at 11:00 a.m.

On MOTION by Mr. Paris, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District approved Resolution 2025-06, Adopting the Annual Meeting Schedule for FY 2026.

FIFTH ORDER OF BUSINESS	BUSINESS MATTERS
Discussion Regarding the Recommendation of Renewing Cherrylake Landscape for FY 2026

Ms. Mullins stated that Berman recommended moving forward and there are no deficiencies to be noted.

On MOTION by Mr. Adams, seconded by Mr. Moraes, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District approved the Renewing of the Cherrylake Landscape for FY 2026.

SIXTH ORDER OF BUSINESS	Public Hearing on the Adoption of the District’s Annual Budget
Public Comments and Testimony
Board Comments
Consideration of Resolution 2025- 07, Adopting the Fiscal Year 2026 Budget and Appropriating Funds
Consideration of Resolution 2025- 08, Adopting an Assessment Roll for Fiscal Year 2026 and Certifying Special Assessments for Collection

Ms. Mullins noted the Public Hearing was noticed per statutory requirements.

On MOTION by Mr. Adams, seconded by Mr. Paris, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District opened the Public Hearing on the Adoption of the District’s Annual Budget.

Ms. Mullins reviewed the exhibit and noted the budget is the same overall budget as previously viewed by the Board. The expenses for Orange County are considered within the budget.

There were no public comments. There were no Board comments.

Page | 2

On MOTION by Mr. Paris, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District closed the Public Hearing on the Adoption of the District’s Annual Budget.

On MOTION by Mr. Adams, seconded by Mr. Paris, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District approved Resolution 2025-07, Adopting the Fiscal Year 2026 Budget and Appropriating Funds.

SEVENTH ORDER OF BUSINESS	Public Hearing on the Adoption of the District’s Imposition of Special Assessments
Public Comments and Testimony
Board Comments
Consideration of Resolution 2025- 08, Adopting an Assessment Roll for Fiscal Year 2026 and Certifying Special Assessments for Collection

Ms. Mullins noted the Public Hearing was noticed per statutory requirements.

On MOTION by Mr. Paris, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District opened the Public Hearing on the Adoption of the District’s Imposition of Special Assessments.

Ms. Mullins reviewed the resolution.

A resident asked for clarification on the assessments. Ms. Mullins noted the assessments fund the budget on the tax roll but is not an additional special assessment.

There were no further public comments. There were no Board comments.

On MOTION by Mr. Paris, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District closed the Public Hearing on the Adoption of the District’s Imposition of Special Assessments.

On MOTION by Mr. Paris, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District approved Resolution 2025-08, Adopting an Assessment Roll for Fiscal Year 2026 and Certifying Special Assessments for Collection.

Page | 3

EIGHTH ORDER OF BUSINESS	Consideration of Resolution 2025-09, Adopting Goals, Objectives, and Performance Measures and Standards for FY 2026

Ms. Mullins noted these were the same goals and objectives as the previous year. They are re-adopted every year.

On MOTION by Mr. Adams, seconded by Mr. Paris, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District approved Resolution 2025-09, Adopting Goals, Objectives, and Performance Measures and Standards for FY 2026.

NINTH ORDER OF BUSINESS	Consideration of Resolution 2025-10, Setting the Public Hearing Regarding the District’s Intent to Use the Uniform Method for the Levy, Collection, and Enforcement of Non-Ad Valorem Special Assessments

Ms. Mullins noted this must be done since the District is now in Orange County. The suggested date is October 2, 2025, at 11:00 a.m., at the same location.

On MOTION by Mr. Adams, seconded by Mr. Paris, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District approved Resolution 2025-10, Setting the Public Hearing Regarding the District’s Intent to Use the Uniform Method for the Levy, Collection, and Enforcement of Non-Ad Valorem Special Assessments.

TENTH ORDER OF BUSINESS	Consideration of Sunbridge Transfer of Permit 15786 Pond BD & C-30 Canal

Ms. Courtney gave an overview of the permit transfer and location.
Mr. Johnson noted a previously approved resolution would allow the Chair or Vice Chair to address matters such as permit transfers, if there were no upcoming meeting. The recommendation is to approve.

On MOTION by Mr. Adams, seconded by Mr. Paris, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District approved the Sunbridge Transfer of Permit 15786 Pond BD & C-30 Canal.

ELEVENTH ORDER OF BUSINESS	Ratification of Operation and Maintenance
Expenditures Paid in June 2025 in an amount totaling $93,159.62

Ms. Mullins noted these were previously approved and paid. This is solely for ratification.

Page | 4

On MOTION by Mr. Adams, seconded by Ms. Moraes, with all in favor, the Board of Supervisors for the Sunbridge Stewardship District ratified the Operation and Maintenance Expenditures Paid in June 2025 in an amount totaling $93,159.62.

TWELFTH ORDER OF BUSINESS	Review of District’s Financial Position and Budget to Actual YTD

Ms. Mullins stated that as of June 2025, the District has spent 92% of their budget. No action was required by the Board.

THIRTEENTH ORDER OF BUSINESS	OTHER BUSINESS

Staff Reports	
District Counsel –	Mr. Johnson noted the Legislative Boundary Amendment has been completed. This was for the extension into Orange County.	
District Manager –	Ms. Mullins noted the next meeting is September 4, 2025. New calendar invites will be emailed for the new fiscal year. She reminded the Board of their required annual Ethics Training due by December 31. Links and reminders will be sent out.	
District Engineer –	No report.	
District Landscape –	No report.	

FOURTEENTH ORDER OF BUSINESS	Supervisor Requests & Audience Comments

There was a request for an update on the construction on Cyril. It was noted it is a bit ahead of schedule and should be completed by the first quarter of next year. There was a brief discussion regarding the location of where the connection will go.

There were no further audience comments or Supervisor requests at this time.

FIFTEENTH ORDER OF BUSINESS	Adjournment

Ms. Mullins called for a motion to adjourn.

On MOTION by Mr. Adams, seconded by Mr. Paris, with all in favor, the August 7, 2025, Meeting of the Board of Supervisors for the Sunbridge Stewardship District was adjourned.

Secretary / Assistant Secretary	Chair / Vice Chair

Page | 5

Sunbridge Stewardship District

Conveyance Parcel of Lake Myrtle Island

RANGE 31 EAST
RANGE 32 EAST

APPROXIMATE LOCATION OF THE
60.5 CONTOUR(NAVD 88) (SEE NOTES ON PAGE 1)
CONVEYANCE PARCEL

LAKE
PRESTON

LAKE MYRTLE

LAKE

BULLOCK

	
Sunbridge Stewardship District

Resolution 2025-11,
Amending the Annual Meeting Schedule for FY 2026

RESOLUTION 2025-11

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE SUNBRIDGE STEWARDSHIP DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2025-2026; PROVIDING FOR PUBLICATION; AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Sunbridge Stewardship District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 220, Laws of Florida (the “Act”) and Chapter 189, Florida Statutes, being situated entirely within Osceola County, Florida; and
WHEREAS, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi-annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

WHEREAS, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located; and
WHEREAS, the Board desires to adopt a Fiscal Year 2025-2026 annual meeting schedule attached as Exhibit A.

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE SUNBRIDGE STEWARDSHIP DISTRICT:
SECTION 1. The Fiscal Year 2025-2026 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

SECTION 2. This Resolution shall become effective immediately upon its adoption. PASSED AND ADOPTED this 4th day of September 2025.
Attest:	SUNBRIDGE STEWARDSHIP DISTRICT

Secretary/Assistant Secretary	Chairman/Vice Chairman

Exhibit A: Fiscal Year 2025-2026 Annual Meeting Schedule

EXHIBIT “A”

SUNBRIDGE STEWARDSHIP DISTRICT BOARD OF SUPERVISORS MEETING DATES FISCAL YEAR 2025-2026

The Board of Supervisors of the Sunbridge Stewardship District will hold their regular meetings for Fiscal Year 2025-2026 at 6900 Tavistock Lakes Blvd, Ste 200, Orlando, FL 32827 at 11:00 a.m. unless otherwise indicated as follows:

October 2, 2025
November 6, 2025
December 4, 2025
January 8, 2026
February 5, 2026
March 5, 2026
April 2, 2026
May 7, 2026
June 4, 2026
July 2, 2026
August 6, 2026
September 3, 2026
SUNBRIDGE STEWARDSHIP DISTRICT CONSTRUCTION COMMITTEE
FISCAL YEAR 2025-2026
The Construction Committee of the Sunbridge Stewardship District Fiscal Year 2026 in the office of Tavistock Development Company, 6900 Tavistock Lakes Blvd #200, Orlando, FL 32827 at 2:30 p.m. each month as follows:
October 14, 2025
November 11, 2025
December 9, 2025
January 13, 2026
February 10, 2026
March 10, 2026
April 14, 2026
May 12, 2026
June 9, 2026
July 14, 2026
August 11, 2026
September 8, 2026

The meetings are open to the public and will be conducted in accordance with the provision of Florida law. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from 3501 Quadrangle Blvd., Suite 270, Orlando, Florida 32817 or by calling (407) 723-5900.

There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 723-5935 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.

A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

Sunbridge Stewardship District

Work Authorization for Bridge Light and Driver Repairs

WORK AUTHORIZATION FOR MAINTENANCE SERVICES

This Work Authorization (the "Work Authorization"), dated 8/14/25  2025, authorizes certain work in accordance with that certain AGREEMENT BETWEEN THE SUNBRIDGE STEWARDSHIP DISTRICT AND BERMAN CONSTRUCTION, LLC FOR GENERAL MAINTENANCE
SERVICES (the "Agreement"), dated April 1, 2021, by and between:

Sunbridge Stewardship District, a local unit ofspecial-purpose government established pursuant to Chapter 189 Florida Statutes, being situated in Osceola County, and whose mailing address is 12051 Corporate Boulevard, Orlando, Florida 32817 (the "District"); and
Berman Construction, LLC, a Florida limited liability company, with a mailing address of9801 Lake Nona Club Drive, Orlando, Florida 32827 (hereinafter "Contractor", together with District the "Parties").

Section 1. Scope of Services. Contractor shall provide Electrical	maintenance services, as set forth in the attached Exhibit A, which is incorporated herein by reference, all in accordance with the terms ofthe Agreement (collectively, the "Services").

Section 2. Compensation and Term. It is understood and agreed that the payment of compensation for the Services under this Work Authorization shall be in the amount and for the term set forth in the attached Exhibit A, and in the manner set forth in the Agreement.
Section 3. Acceptance. Acceptance ofthis Work Authorization will authorize the Contractor to complete the Services as outlined above and is indicated by the signature ofthe authorized representative ofthe District and the Contractor in the spaces provided below. Contractor shall commence the aforesaid Services as provided herein and shall perform the same in accordance with the terms and conditions ofthe Agreement, which, except to the extent expressly altered or changed in this Work Authorization, remain in full force and effect.
IN WITNESS WHEREOF, the Parties hereto have caused this Work Authorization to be executed the day and year first above written.
SUNBRIDGE STEWARDSHIP DISTRICT

Secretary

Witness

Exhibit A: Proposal/Scope ofServices

By: Richard Levey	_ Its:	Chairman		

c�/Jadua-

BERMAN CONSTRUCTION, LLC

By: Eddie Padua

Its:	

Proposal: Light and Driver Repairs SSD
ProposalDate:8/14/2025
Project Name: Light and Driver Repairs SSD Client Contact: PFM
Work Order#: 92523
Project Scope

Berman proposes to furnish all labor and materials for the following:

Scope:

Repair six (6) lights/LED strips on the Cyrils Drive Bridge.
Replace two (2) LED drivers.
Materials & Pricing:
LED Lights/Strips: $270 each x 6 units= $1,620
LED Drivers: $300 each x 2 units= $600

Estimated Time of Completion: Work will be completed in the most expedient time frame as possible. All work will be performed at client discretion

Payment Schedule: Upon Completion

Payment Terms Total: $2,220.00

Proposal: Light and Driver Repairs SSD

Additional Notes	About Berman

Please contact our office upon receipt and approval of this contract, and any questions you might have. Should you accept the terms outlined above please sign below and return.
We can then schedule your services at that time. This proposal will become binding once executed by both parties.

Thank You
We appreciate your business and look forward to our continued partnership. Please don't hesitate to reach out with any questions.

Berman is a national full-service property management, security and facility services company based in Lake Nona, Florida. Our team is highly skilled in providing dependable, professional and cost-effective solutions across facility, janitorial, on-demand repairs, maintenance staffing, security and all other ancillary facility services to help you run your facility as smoothly as possible.
We pride ourselves on being a single point for all facility and property needs. Quality and integrity are at the heart of what we do.
We are a tech-forward team, serving our clients with swift and diligent work, to ensure our client properties are well taken care of. We embrace problems quickly and tackle solutions intelligently in a unique, customized manner for each clients' needs.

Approvals	Our Services
Property & Facility Management

Property Maintenance
PFM
By: Jennifer Walden	✓  24/7 Emergency Repairs

General Construction

Janitorial Services

Berman	✓  Security
By: Eddie Padua
Pressure Washing

Landscaping

Disaster Response

-

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BERMAN

Referenced Images

Image 1

	
Sunbridge Stewardship District

Operation and Maintenance Expenditures Paid in July 2025 in an amount totaling $22,556.80

SUNBRIDGE STEWARDSHIP DISTRICT
DISTRICT OFFICE ● 3501 QUADRANGLE BLVD STE 270 ● ORLANDO, FL 32817 PHONE: (407) 723-5900 ● FAX: (407) 723-5901

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from July 1, 2025 through July 31, 2025. This does not include expenditures previously approved by the Board.

The total items being presented:    $22,556.80

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

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Sunbridge Stewardship District
July 2025 AP Remittance Report

BANK:	OM-ACH	CHECK:	70046	AMOUNT:	$781.37	DATE:	07/04/25	VEND ID:	TOHO			
Date
06/18/25	Invoice Number
70561-061825	Invoice Description
PA 305 - 6200 Cyrils Dr irriga
TOTALS:				Discount Taken		Amount Paid	
						$0.00		$781.37	
							$0.00		$781.37	
BANK:	OM6557	CHECK:	1606	AMOUNT:	$8,333.33	DATE:	07/09/25	VEND ID:	CMG			
Date
06/06/25	Invoice Number
135789	Invoice Description					Discount Taken		Amount Paid	
		PA 303 - Jun. Weslyn Park land				$0.00		$8,333.33	
			TOTALS:					$0.00		$8,333.33	
BANK:	OM6557	CHECK:	1607	AMOUNT:	$350.00	DATE:	07/09/25	VEND ID:	ARC			
Date
07/01/25	Invoice Number
2025.07.01-DW	Invoice Description					Discount Taken		Amount Paid	
		PA 306 - Del Webb arbitration				$0.00		$350.00	
			TOTALS:					$0.00		$350.00	
BANK:	OM6557	CHECK:	1608	AMOUNT:	$2,891.50	DATE:	07/09/25	VEND ID:	KUTAK			
Date
06/27/25	Invoice Number
3584190	Invoice Description					Discount Taken		Amount Paid	
		PA 306 - Gen. legal thru 05/31				$0.00		$2,891.50	
			TOTALS:					$0.00		$2,891.50	
BANK:	OM6557	CHECK:	1609	AMOUNT:	$300.00	DATE:	07/09/25	VEND ID:	VGLOBA			
Date	Invoice Number	Invoice Description					Discount Taken		Amount Paid	
06/30/25	7442		PA 306 - Apr. - Jun. 2025 ADA				$0.00		$300.00	
			TOTALS:					$0.00		$300.00	
BANK:	OM-ACH	CHECK:	70047	AMOUNT:	$2,498.93	DATE:	07/11/25	VEND ID:	OUC			
Date	Invoice Number	Invoice Description					Discount Taken		Amount Paid	
06/24/25	05831-062425	PA 305 - OUC 2025.06.24 - Stre				$0.00		$2,360.80	
06/24/25	05831-062425	PA 305 - OUC 2025.06.24 - Elec				$0.00		$138.13	
			TOTALS:					$0.00		$2,498.93	
BANK:	OM6557	CHECK:	1610	AMOUNT:	$625.00	DATE:	07/29/25	VEND ID:	BERMAN			
Date	Invoice Number	Invoice Description					Discount Taken		Amount Paid	
07/01/25	2094		PA 306 - Jul. irrigation & adm				$0.00		$625.00	
			TOTALS:					$0.00		$625.00	
BANK:	OM6557	CHECK:	1611	AMOUNT:	$6,666.67	DATE:	07/29/25	VEND ID:	PFMGC			
Date	Invoice Number	Invoice Description					Discount Taken		Amount Paid	
07/07/25	137231		PA 307 - 2025.Q3 quarterly dis				$0.00		$1,250.00	
07/07/25	137231		PA 307 - 2025.Q3 quarterly dis				$0.00		$1,250.00	
07/01/25	DM-07-2025-56	PA 307 - DM fee: Jul. 2025				$0.00		$4,166.67	
			TOTALS:					$0.00		$6,666.67	
BANK:	OM6557	CHECK:	1612	AMOUNT:	$110.00	DATE:	07/29/25	VEND ID:	VGLOBA			
Date	Invoice Number	Invoice Description			Discount Taken		Amount Paid	
07/01/25	7485		PA 307 - Jul. website maint.			$0.00		$110.00	
			TOTALS:			$0.00		$110.00	

Sunbridge Stewardship District

District’s Financial Position and Budget to Actual YTD

Sunbridge Stewardship District
July 2025 Financial Package

July 31, 2025

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

Sunbridge Stewardship District Statement of Financial Position As of 7/31/2025

	General Fund		Debt Service Fund		Capital Projects Fund		Long-Term Debt Fund		Total	
			
Assets							
Current Assets										
General Checking Account	$	134,337.57								$	134,337.57	
Sustainability Reserve	61,060.93								61,060.93	
Infrastructure Capital Reserve	21,587.08								21,587.08	
Accounts Receivable	4,166.66								4,166.66	
Deposits	240.00								240.00	
S2022 (DW) - Debt Service Reserve			$	478,462.50						478,462.50	
S2022 (WP) - Debt Service Reserve			795,976.25						795,976.25	
S2022 (DW) - Revenue			479,672.48						479,672.48	
S2022 (WP) - Revenue			834,142.08						834,142.08	
S2022 (DW) - Prepayment			352.22						352.22	
S2022 (DW) - Acquisition/Construction					$ 3,533,523.93				3,533,523.93	
S2022 (WP) - Acquisition/Construction					31,094.88				31,094.88	
Total Current Assets	$	221,392.24		$ 2,588,605.53		$ 3,564,618.81		$	-		$	6,374,616.58	

Investments										
Amount Available in Debt Service Funds							$	2,588,605.53		$	2,588,605.53	
Amount To Be Provided							33,756,394.47		33,756,394.47	
Total Investments	$	-		$	-		$	-		$ 36,345,000.00		$ 36,345,000.00	
Total Assets	$	221,392.24		$ 2,588,605.53		$ 3,564,618.81		$ 36,345,000.00		$ 42,719,616.58	

Page 1 of 7

Sunbridge Stewardship District Statement of Financial Position As of 7/31/2025

	General Fund		Debt Service Fund		Capital Projects Fund		Long-Term Debt Fund		Total	
Liabilities and Net Assets	
Current Liabilities										
Accounts Payable	$	47,668.08								$	47,668.08	
Due to Developer	149,000.00								149,000.00	
Deferred Revenue	4,166.66								4,166.66	
Total Current Liabilities	$	200,834.74		$	-		$	-		$	-		$	200,834.74	

Long Term Liabilities										
Revenue Bonds Payable - Long-Term							$ 36,345,000.00		$ 36,345,000.00	
Total Long Term Liabilities	$	-		$	-		$	-		$ 36,345,000.00		$ 36,345,000.00	
Total Liabilities	$	200,834.74		$	-		$	-		$ 36,345,000.00		$ 36,545,834.74	

Net Assets										
Net Assets, Unrestricted	$ (227,908.70)								$	(227,908.70)	
Current Year Net Assets, Unrestricted	(22,000.00)								(22,000.00)	
Net Assets - General Government	301,926.76								301,926.76	
Current Year Net Assets - General Government	(31,460.56)								(31,460.56)	
Net Assets, Unrestricted			$ 2,541,034.22						2,541,034.22	
Current Year Net Assets, Unrestricted			47,571.31						47,571.31	
Net Assets, Unrestricted					$ 3,450,749.64				3,450,749.64	
Current Year Net Assets, Unrestricted					113,869.17				113,869.17	
Total Net Assets	$	20,557.50		$ 2,588,605.53		$ 3,564,618.81		$	-		$	6,173,781.84	
										
Total Liabilities and Net Assets	$	221,392.24		$ 2,588,605.53		$ 3,564,618.81		$ 36,345,000.00		$ 42,719,616.58	

Page 2 of 7

Sunbridge Stewardship District
Statement of Activities As of 7/31/2025

	General Fund		Debt Service Fund		Capital Projects Fund		Long-Term Debt Fund		Total	
Revenues										
On-Roll Assessments	$ 402,961.10								$	402,961.10	
Other Income & Other Financing Sources	18,382.77								18,382.77	
Landscaping Contribution	79,166.64								79,166.64	
Sustainability Revenue	22,000.00								22,000.00	
On-Roll Assessments			$ 2,542,832.19						2,542,832.19	
Total Revenues	$ 522,510.51		$ 2,542,832.19		$	-		$	-		$ 3,065,342.70	
Expenses										
D&O Insurance	$	2,998.00								$	2,998.00	
Trustee Services	7,089.66								7,089.66	
Management	41,666.70								41,666.70	
Engineering	5,000.00								5,000.00	
Disclosure	7,500.00								7,500.00	
Property Appraiser	496.42								496.42	
District Counsel	20,476.40								20,476.40	
Assessment Administration	15,000.00								15,000.00	
Audit	8,000.00								8,000.00	
Arbitrage Calculation	350.00								350.00	
Travel and Per Diem	110.93								110.93	
Postage & Shipping	51.07								51.07	
Legal Advertising	751.53								751.53	
Web Site Maintenance	2,000.00								2,000.00	
Dues, Licenses, and Fees	175.00								175.00	
Electric	1,236.63								1,236.63	
General Insurance	6,997.00								6,997.00	
Property & Casualty	1,030.00								1,030.00	
Irrigation	8,838.39								8,838.39	
Irrigation Parts	671.35								671.35	
Landscaping Maintenance & Material	388,580.63								388,580.63	
Landscape Improvements	6,797.22								6,797.22	
Tree Trimming	10,925.00								10,925.00	
Pest Control	1,500.00								1,500.00	

Page 3 of 7

Sunbridge Stewardship District
Statement of Activities As of 7/31/2025

	General Fund		Debt Service Fund		Capital Projects Fund		Long-Term Debt Fund		Total	
Sustainability Agreement	$	22,000.00								$	22,000.00	
Streetlights	21,225.60								21,225.60	
Personnel Leasing Agreement	6,250.00								6,250.00	
Principal Payments - Del Webb			$	230,000.00						230,000.00	
Principal Payments - Weslyn Park			395,000.00						395,000.00	
Interest Payments - Del Webb			734,327.50						734,327.50	
Interest Payments - Weslyn Park			1,202,072.50						1,202,072.50	
Other Debt Service Costs			37,369.88						37,369.88	
Total Expenses	$ 587,717.53		$ 2,598,769.88		$	-		$	-		$ 3,186,487.41	
Other Revenues (Expenses) & Gains (Losses)										
Interest Income	$	11,746.46								$	11,746.46	
Dividend Income			$	103,509.00						103,509.00	
Dividend Income					$	113,869.17				113,869.17	
Total Other Revenues (Expenses) & Gains (Losses)	$	11,746.46		$	103,509.00		$	113,869.17		$	-		$	229,124.63	
Change In Net Assets	$  (53,460.56)		$	47,571.31		$	113,869.17		$	-		$	107,979.92	
Net Assets At Beginning Of Year	$	74,018.06		$ 2,541,034.22		$ 3,450,749.64		$	-		$ 6,065,801.92	

Net Assets At End Of Year	
$	20,557.50		
$ 2,588,605.53		
$ 3,564,618.81		
$	-		
$ 6,173,781.84	

Page 4 of 7

Sunbridge Stewardship District
Budget to Actual
For the Month Ending 7/31/2025

	YTD Actual		YTD Budget		YTD Variance		FY 2025
Adopted Budget		Percentage Used	

Revenues										
On-Roll Assessments	$	402,961.10		$	335,082.88		$	67,878.22		$	402,099.45		100.21%	
Other Income & Other Financing Sources	18,382.77		-		18,382.77		-			
Landscaping Contribution Agreement - TE3	37,499.94		41,666.60		(4,166.66)		49,999.92		75.00%	
Landscaping Contribution Agreement - TOHO	41,666.70		41,666.70		-		50,000.04		83.33%	
Sustainability Contributions	22,000.00		41,666.67		(19,666.67)		50,000.00		44.00%	
Carry Forward Revenue	16,666.67		16,666.67		-		20,000.00		83.33%	
Net Revenues	$	539,177.18		$	476,749.52		$	62,427.66		$	572,099.41		94.25%	
General & Administrative Expenses										
D&O Insurance	$	2,998.00		$	2,685.25		$	312.75		$	3,222.30		93.04%	
Trustee Services	7,089.66		7,093.55		(3.89)		8,512.26		83.29%	
Management	41,666.70		41,666.67		0.03		50,000.00		83.33%	
Engineering	5,000.00		6,666.67		(1,666.67)		8,000.00		62.50%	
Disclosure	7,500.00		4,166.67		3,333.33		5,000.00		150.00%	
Property Appraiser	496.42		458.33		38.09		550.00		90.26%	
District Counsel	20,476.40		33,333.33		(12,856.93)		40,000.00		51.19%	
Assessment Administration	15,000.00		12,500.00		2,500.00		15,000.00		100.00%	
Reamortization Schedules	-		104.17		(104.17)		125.00		0.00%	
Audit	8,000.00		6,833.33		1,166.67		8,200.00		97.56%	
Arbitrage Calculation	350.00		583.33		(233.33)		700.00		50.00%	
Travel and Per Diem	110.93		416.67		(305.74)		500.00		22.19%	
Telephone	-		20.83		(20.83)		25.00		0.00%	
Postage & Shipping	51.07		125.00		(73.93)		150.00		34.05%	
Copies	-		125.00		(125.00)		150.00		0.00%	
Legal Advertising	751.53		2,958.33		(2,206.80)		3,550.00		21.17%	
Miscellaneous	-		41.67		(41.67)		50.00		0.00%	
Web Site Maintenance	2,000.00		2,100.00		(100.00)		2,520.00		79.37%	
Dues, Licenses, and Fees	175.00		145.83		29.17		175.00		100.00%	
Electric	1,236.63		833.33		403.30		1,000.00		123.66%	
Infrastructure Capital Reserve	-		8,333.33		(8,333.33)		10,000.00		0.00%	
General Insurance	6,997.00		6,266.54		730.46		7,519.85		93.05%	
Property & Casualty Insurance	1,030.00		958.33		71.67		1,150.00		89.57%	
Irrigation	8,838.39		29,166.67		(20,328.28)		35,000.00		25.25%	
Irrigation Parts	671.35		5,833.33		(5,161.98)		7,000.00		9.59%	
Landscaping Maintenance & Material	388,580.63		213,500.00		175,080.63		256,200.00		151.67%	
Landscape Improvements	6,797.22		8,333.33		(1,536.11)		10,000.00		67.97%	
Tree Trimming	10,925.00		4,166.70		6,758.30		5,000.00		218.50%	
Contingency	-		7,750.00		(7,750.00)		9,300.00		0.00%	
Pest Control	1,500.00		833.33		666.67		1,000.00		150.00%	
Signage & Amenities Repair	-		833.33		(833.33)		1,000.00		0.00%	

Page 5 of 7

Sunbridge Stewardship District
Budget to Actual
For the Month Ending 7/31/2025

	YTD Actual		YTD Budget		YTD Variance		FY 2025
Adopted Budget		Percentage Used	
UF Research Agreement	$	22,000.00		$	41,666.67		$	(19,666.67)		$	50,000.00		44.00%	
Streetlights	21,225.60		24,166.67		(2,941.07)		29,000.00		73.19%	
Personnel Leasing Agreement	6,250.00		6,250.00		-		7,500.00		83.33%	
Total General & Administrative Expenses	$	587,717.53		$	480,916.19		$	106,801.34		$	577,099.41		101.84%	
Total Expenses	 $	587,717.53 		 $	480,916.19 		 $	106,801.34 		 $	577,099.41 		  101.84%		
Income (Loss) from Operations	$	(48,540.35)		$	(4,166.67)		$	(44,373.68)		$	(5,000.00)			
Other Income (Expense)										
Interest Income	$	11,746.46		$	4,166.67		$	7,579.79		$	5,000.00		234.93%	
Total Other Income (Expense)	$	11,746.46		$	4,166.67		$	7,579.79		$	5,000.00		234.93%	
Net Income (Loss)	$	(36,793.89)		$	-		$	(36,793.89)		$	-			

Page 6 of 7

Sunbridge Stewardship District Cash Flow

Beg. Cash	FY24 Inflows	FY24 Outflows		FY25 Inflows	FY25 Outflows	End. Cash		

8/1/2024	
31,658.13	
21,432.07	
(36,235.97)		
-	
(3,183.35)	
13,670.88		
9/1/2024	13,670.88	37,807.36	(17,779.92)		-	(11,100.53)	22,597.79		
10/1/2024	22,597.79	23,910.20	(41,996.28)		84,504.37	(28,844.32)	60,171.76		
11/1/2024	60,171.76	-	-		229,106.74	(218,053.81)	71,224.69		
12/1/2024	71,224.69	-	-		2,614,042.61	(2,371,929.94)	313,337.36		
1/1/2025	313,337.36	-	-		59,680.09	(156,315.59)	216,701.86		
2/1/2025	216,701.86	-	-		35,833.43	(38,840.74)	213,694.55		
3/1/2025	213,694.55	-	-		22,986.52	(128,218.00)	108,463.07		
4/1/2025	108,463.07	-	-		198,450.89	(75,873.07)	231,040.89		
5/1/2025	231,040.89	-	-		4,380.82	(25,476.97)	209,944.74		
6/1/2025	209,944.74	-	-		24,969.67	(101,217.17)	133,697.24		
7/1/2025	133,697.24	-	-		23,197.13	(22,556.80)	134,337.57		
8/1/2025	134,337.57	-	-		4,166.66	(68,762.71)	69,741.52	as of 08/10/2025	
		
83,149.63	
(96,012.17)		
3,301,318.93	
(3,250,373.00)			

Page 7 of 7