Preston Cove Community Development District

Meeting Agenda June 26, 2025

Preston Cove
Community Development District

June 19, 2025
219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

Board of Supervisors Preston Cove Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of Preston Cove Community Development District will be held Thursday, June 26, 2025 at 9:00 AM at 8 Broadway, Suite 104, Kissimmee, Florida 34741. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Appointment of Individual to Fulfill Board Vacancy in Seat #3 with a Term Ending November 2027
Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2025-04 Electing Assistant Secretary
Approval of Minutes of the May 22, 2025 Board of Supervisors Meeting
Consideration of Temporary Easement Agreement for Powerline Setback
Staff Reports
Attorney
Engineer
Consideration of Proposal for Professional Service Rate for District Engineer
District Manager’s Report
Check Register
Balance Sheet and Income Statement
Reminder of Form 1 Filing Deadline – July 1st
Field Manager’s Report
Other Business
Supervisors Requests
Adjournment

The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please do not hesitate to contact me.

Sincerely,
Jeremy LeBrun
Jeremy LeBrun District Manager

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RESOLUTION 2025-04
A RESOLUTION OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT ELECTING AN ASSISTANT SECRETARY OF THE BOARD OF SUPERVISORS

WHEREAS, the Board of Supervisors of the Preston Cove Community District desires to elect 	as an Assistant Secretary.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PRESTON COVE COMMUNITY DEVELOPMENT DISTRICT:
1.		is elected Assistant Secretary of the Board of Supervisors.

Passed and adopted this 26th day of June, 2025.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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MINUTES OF MEETING PRESTON COVE
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Preston Cove Community Development District was held Thursday, May 22, 2025, at 9:19 a.m. at 8 Broadway, Suite 104, Kissimmee, Florida.

Present and constituting a quorum:

Owais Khanani	Vice Chairman
Maria Rust	Assistant Secretary
Maria “MJ” Sanchez	Assistant Secretary Also present were:
Jeremy LeBrun	District Manager, GMS
Jay Lazarovich	District Counsel, Latham Luna
Pete Glasscock	District Engineer
Jarett Wright	Field Manager, GMS
Ashley Hilyard	GMS

FIRST ORDER OF BUSINESS	Roll Call
Mr. LeBrun called the meeting to order at 9:19 a.m. Three Supervisors were present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
There being no comments, the next item followed.
May 22, 2025	Preston Cove CDD

THIRD ORDER OF BUSINESS	Organizational Matters
Appointment of Individual to Fulfill Board Vacancy in Seat #3 with a Term Ending November 2027
Mr. LeBrun stated that this item is a carry-over from the previous meeting and asked if the Board was ready to appoint someone to the vacant seat. The Board had no one in mind and asked that this item to be pushed to the next Board of Supervisor’s meeting.

Administration of Oath of Office to Newly Appointed Board Member
Consideration of Resolution 2025-04 Electing Assistant Secretary
Mr. LeBrun noted Items A, B, and C was deferred to the next meeting.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the April 24, 2025
Board of Supervisors Meeting
Mr. LeBrun presented the minutes from the April 24, 2025 Board of Supervisors meeting and asked for any comments, corrections, or changes. The Board had no changes to the minutes.

FIFTH ORDER OF BUSINESS	Consideration	of	GMS	Proposal	for
Remote Amenity Management
Mr. Wright presented the proposal to the Board and stated that this allows the GMS team to do remote amenity management. This would include access control for the key cards, programing, management, and facilitating the process of the amenity uses. There isn’t a staff member on site to handle these types of situations, and this is the way GMS is proposing those items be managed. The proposal is for $858.33 per month with a total of approximately $10,300 for the year.

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May 22, 2025	Preston Cove CDD

SIXTH ORDER OF BUSINESS	Consideration	of	Security	System
Proposals – ADDED
Current Demands
Envera
Mr. LeBrun noted that this item was brought back from a previous meeting. He wanted to be sure there is clarity with what vendor the Board desired to move forward with. Mr. Wright noted that this is a two-part proposal, one for the access control itself and the other is for the camera instillation and remote monitoring. He presented the quotes from Current Demands to install six new readers, and it would depend on the models the Board wanted to move forward with. He added that he doesn’t believe they need smart pad readers. The cost for the Current Demands proposal is
$10,289.35. There was no pricing from Envera for comparison. Mr. Wright added that his suggestion is to go with Current Demands over Envera as they have had problems with Envera in the past.
Mr. Wright then presented the proposal for camera instillation. Ten cameras with NVR totals $9,655 with a remote monitoring package totaling $220 per month. He also added that a lot of the cost will be placed on the builder and the CDD would cover the additional cameras and the remote monitoring.

SEVENTH ORDER OF BUSINESS	Consideration	of	Pool	Maintenance
Agreements
Five Star Pro Proposals LLC
Resort Pool Services
Mr. Wright presented the proposals for pool maintenance and noted that both vendors do good work and adding that Resort Pool Services has the most experience of the two. Another big difference between the two proposals is that with Five Star Pro, the District will be paying for chemicals separately which he believes makes them more expensive. The proposal is for a three days per week service and pricing for both proposals can be found in the agenda package. The Board made a motion to move forward with Resort Pool Services.

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May 22, 2025	Preston Cove CDD

EIGHTH ORDER OF BUSINESS	Staff Reports
Attorney
Mr. Lazarovich noted that he had received a request from a resident about utility poles at the entrance that they would like to see pushed back out of the right-of-way. He’s asking the Board to authorize staff to draft a temporary utility easement pending approval from the District Engineer. Mr. Lazarovich will gather more information and bring it back to the Board before moving forward with granting a temporary easement in this case.

Engineer
There being no comments, the next item followed.

District Manager’s Report
Check Register
Mr. LeBrun presented the check register for the month of April totaling $38,072.44 and offered to answer any Board questions. There being no questions, there was a motion of approval.

Balance Sheet and Income Statement
Mr. LeBrun presented the unaudited financials through April 30, 2025. There was no action required, and this item was presented for Board information.

Presentation of Number of Registered Voters – 71
Mr. LeBrun presented the number of registered voters within the District and that number is 71 as of April 15, 2025.

Designation of November 14, 2025 as the Landowners’ Meeting Date
Mr. LeBrun stated that the Landowners’ Meeting will be held on November 14, 2025 and
asked for a motion of approval.

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May 22, 2025	Preston Cove CDD

Field Manager’s Report
Mr. Wright updated the Board on the turnover date and that they will have everything to go for the contracts. The only thing remaining after turnover is a certificate form the Health Department stating that the amenity can open. In order to obtain that certificate from the Health Department, a chair lift for the pool will need to be installed. Staff will check with the builder before moving forward with a proposal from Resort Pool Services.

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

TENTH ORDER OF BUSINESS	Supervisors Requests
There being no comments, the next item followed.

ELEVENTH ORDER OF BUSINESS	Adjournment
Mr. LeBrun adjourned the meeting.

Secretary/Assistant Secretary	Chairman/Vice Chairman

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This item will be provided under separate cover

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UU1_H_A_N_S_O_N_,_w_A_L_T_E_R_&_A_s_s_o_c_1A_T_E_S_,_I_N_C_. 	
""	PROFESSIONAL  ENGINEERING, SURVEYING & PLANNING

June 11, 2025

Preston Cove Community Development Attn: Jeremy LeBrun, District Manager 219 East Livingston Street
Orlando, FL 32801

Re:	Preston Cove CDD Hourly Rate Increase Request HWA Job # 5271-05

Dear Jeremy,

It has been a pleasure and an honor to be with the firm serving as District Engineer since 2021 and look forward to being able to continue serving the district in the future. We have successfully assisted with and completed numerous projects over the past 4 years and hope that the district has been satisfied with all aspects of our services and personnel. Our firm prides itself in servicing all of our clients as a partner to the best of our ability to achieve the successful outcome expected, and the Preston Cove Community Development District is no exception.

That being said, there does come a time when we have to evaluate our firm's compensation in providing engineering and surveying services on an ongoing basis. We have been pleased to be able to provide our services for the past 4 years at the same hourly rate since day one and just like any industry or profession out there, our costs increase annually in the nonnal course of a growing economy and with inflation. Admittedly, we have been behind on this request for several years, especially considering the last couple years in which the cost of labor, materials, and equipment has risen dramatically.

At this time, we would like to present our firm's current hourly rate schedule (which HWA has been in effect for the past couple of years) to the District. Attached is a summary of our current rates with the District which have been in effect since 2021 and our new rates for the Board of Supervisor's review, consideration and approval and would ask they become effective upon the Board's approval.

If you have any questions, comments, or concerns we would be happy to discuss them with you in an effort to continue being able to move forward in serving as your District Engineer.
Sincerely,

8 Broadway, Suite 104- Kissimmee, Florida 34741-5708 - Phone: 407-847-9433 Engineering Fax: 321-442-1045 - Surveying Fax: 407-847-2499 - Email: hwa@hansonwalter.com

Preston Cove CDD Hourly Fee Rates			
	Current	New	
	Hourly Rate	Hourly Rate	
	Since2021		
Position / Employee / Labor			
Principal	$200.00	$330.00	
Principal Land Surveyor	$105.00	$200.00	
Project Manager	$125.00	$200.00	
Associate Land Surveyor	$95.00	$175.00	
GPS Survey Crew	$135.00	$175.00	
Engineer	$85.00	$165.00	
Survey Field Crew	$125.00	$155.00	
Inspector	$75.00	$150.00	
Land Planner	$75.00	$150.00	
Constuction Manager	$75.00	$150.00	
Senior Design Technician (CAD)	$65.00	$140.00	
Design Technician (CAD)	$60.00	$125.00	
Project Coordinator	$50.00	$100.00	
Accounting Services	$50.00	$90.00	
Secretarial Services	$37.00	$75.00	
Expenses(% Markup)			
Prints 24"x36" / 30"x42"	2.00 I 3.00	2.00 I 3.00	
Sub-Consultant Services	15%	15%	
Overnight/Courier Services (UPS)	20%	20%	
Permit/Application Fees	10%	10%	
Printing/Graphics/Postage	20%	20%	
Out ofTown Expenses	30%	30%	

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Preston Cove
Community Development District
Check Register Summary

May 1, 2025 to May 31, 2025

General Fund	5/15/25	157-158	$	307,630.90	
	5/29/25	159-162	$	12,720.39	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/18/25	PAGE	1
*** CHECK DATES 05/01/2025 - 05/31/2025 ***	PRESTON COVE-GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/15/25 00018	5/12/25 05122025 202505 300-20700-10000	*	5,044.80
03.11 FY25 ASSESSMENTS
5/12/25 05122025 202505 300-20700-10000	*	1,273.94
04.09 FY25 ASSESSMENTS
5/12/25 05122025 202505 300-20700-10000	*	1,312.16
05.12 FY25 ASSESSMENTS
PRESTON COVE CDD C/O US BANK	7,630.90 000157
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/25 00025	5/15/25 05152025 202505 300-15100-10000	*	300,000.00
TRANSFER TO SBA
STATE BOARD OF ADMINISTRATION	300,000.00 000158
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00022	4/29/25 19586	202504 320-53800-47000	*	950.00
APR LAKE MAINTENANCE
AQUATIC WEED MANAGEMENT, INC.	950.00 000159
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
63	202505 310-51300-34000	*	3,333.33
MAY MANAGEMENT FEES
63	202505 310-51300-35200	*	105.00
MAY WEBSITE ADMIN
63	202505 310-51300-35100	*	157.50
MAY INFO TECH
63	202505 310-51300-31300	*	437.50
MAY DISSEM AGENT SERVICES
63	202505 310-51300-51000	*	.09
OFFICE SUPPLIES 63
POSTAGE 64
MAY FIELD MANAGEMENT
GOVERNMENTAL MANAGEMENT SERVICES	5,348.28 000160
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00015	4/01/25 27267	202504 310-51300-32200	*	4,200.00
AUDIT FYE 09/30/2024
GRAU AND ASSOCIATES	4,200.00 000161
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/25 00003	5/08/25 140225	202504 310-51300-31500	*	2,222.11
GENERAL SERVICES APR25
LATHAM LUNA EDEN & BEAUDINE LLP	2,222.11 000162
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	320,351.29
TOTAL FOR REGISTER	320,351.29 PRCO PRESTON COVE	AMOSSING

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Preston Cove
Community Development District

Unaudited Financial Reporting
May 31, 2025

Table of Contents

	Balance Sheet

	General Fund

	Debt Service Fund - Series 2022

	Capital Projects Fund - Series 2022

	Month to Month

	Assessment Receipt Schedule

	Long Term Debt Schedule

	Assessment Receipt Schedule
Preston Cove
Community Development District Combined Balance Sheet
May 31, 2025

Assets:
Operating Account Due from Developer Due from Debt Service INV - SBA
Assessment Receivable Due from General Fund Prepaid Expense
Investments: Series

$	191,354
$	-
$	-
$	300,479
$	-
$	-
$	1,684

191,354
-
-

-
- 1,684
Reserve	$	-	$	670,238	$	-	$	670,238			
Revenue	$	-	$	169,777	$	-	$	169,777			
Capitalized Interest	$	-	$	15	$	-	$	15		
Sinking Fund	$	-	$	-	$	-	$	-		
Construction	$	-	$	-	$	44,049	$	44,049		
Cost of Issuance	$	-	$	-	$	-	$	-		
Total Assets	$	493,517	$	840,029	$	44,049	$	1,377,595		
Liabilities:					
Accounts Payable	$	3,243	$	-	$	-	$	3,243		
Due to Debt Service	$	-	$	-	$	-	$	-		
Due to Developer	$	-	$	-	$	-	$	-		
Due to Capital Projects	$	-	$	-	$	-	$	-		
Due to General Fund	$	-	$	-		$	-		
Developer Advance	$	-	$	-	$
$	-	$	-
-		
Total Liabilites	$	3,243	$	-	$	-	$	3,243		

Fund Balance:					
Assigned For:					
Debt Service - Series 2022	$	-	$	840,029	$	-	$	840,029		
Restricted For:					
Capital Projects - Series 2022	$	-	$	-	$	44,049	$	44,049		
Unassigned	$	490,274	$	-	$	-	$	490,274		
Total Fund Balances	$	490,274	$	840,029	$	44,049	$	1,374,352	
					
Total Liabilities & Fund Balance	$	493,517	$	840,029	$	44,049	$	1,377,595	
Preston Cove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/25	Thru 05/31/25	Variance	

Revenues:					
Assessments - On Roll	$	388,556	$	388,556	$	394,353	$	5,797	
Assessments - Direct	$	52,741	$	48,829	$	48,829	$	-	
Interest - SBA	$	-	$	-	$	479	$	479	
Developer Contributions	$	244,692	$	-	$	-	$	-	
Total Revenues	$	685,989	$	437,385	$	443,662	$	6,276	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	8,000	$	-	$	8,000	
FICA Expense	$	918	$	612	$	-	$	612	
Engineering	$	15,000	$	10,000	$	-	$	10,000	
Attorney	$	25,000	$	16,667	$	14,919	$	1,747	
Annual Audit	$	4,100	$	2,733	$	4,200	$	(1,467)	
Assessment Administration	$	5,565	$	5,565	$	5,565	$	-	
Arbitrage	$	450	$	450	$	450	$	-	
Dissemination	$	5,250	$	3,500	$	3,500	$	-	
Trustee Fees	$	4,500	$	4,500	$	4,041	$	459	
Management Fees	$	40,000	$	26,667	$	26,667	$	0	
Information Technology	$	1,890	$	1,260	$	1,260	$	-	
Website Maintenance	$	1,260	$	840	$	840	$	-	
Telephone	$	300	$	200	$	-	$	200	
Postage & Delivery	$	800	$	533	$	183	$	350	
Insurance	$	6,149	$	6,149	$	5,814	$	335	
Printing & Binding	$	700	$	467	$	-	$	467	
Legal Advertising	$	8,000	$	5,333	$	959	$	4,374	
Other Current Charges	$	2,200	$	1,467	$	541	$	926	
Office Supplies	$	500	$	333	$	1	$	333	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative:	$	134,757	$	95,451	$	69,114	$	26,337	
Preston Cove
Community Development District General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/25	Thru 05/31/25	Variance	

Operation and Maintenance						
Field Expenses						
Field Management		$	15,750	$	10,500	$	10,500	$	-	
Landscape Maintenance		$	150,000	$	100,000	$	83,341	$	16,660	
Landscape Contingency		$	5,000	$	3,333	$	2,915	$	418	
Lake Maintenance		$	15,062	$	10,041	$	7,850	$	2,191	
Streetlights		$	103,400	$	68,933	$	1,048	$	67,885	
Electric		$	5,000	$	3,333	$	-	$	3,333	
Water & Sewer		$	2,400	$	1,600	$	2,404	$	(804)	
Sidewalk & Asphalt Maintenance		$	-	$	-	$	-	$	-	
Irrigation Repairs		$	3,000	$	2,000	$	4,760	$	(2,760)	
Irrigation - Usage		$	30,000	$	20,000	$	16,013	$	3,987	
General Repairs & Maintenance		$	20,000	$	13,333	$	-	$	13,333	
Contingency		$	10,000	$	6,667	$	-	$	6,667	
	Subtotal	$	359,612	$	239,741	$	128,829	$	110,912	

Amenity Expenses						
Staffing		$	75,000	$	50,000	$	-	$	50,000	
Property Insurance		$	20,000	$	20,000	$	-	$	20,000	
Amenity-Electric		$	15,000	$	10,000	$	-	$	10,000	
Amenity-Water		$	6,000	$	4,000	$	-	$	4,000	
Dues, License, Permits		$	500	$	333	$	-	$	333	
Cable/Internet		$	2,400	$	1,600	$	-	$	1,600	
Pest Control		$	720	$	480	$	-	$	480	
Janitorial Services		$	12,000	$	8,000	$	-	$	8,000	
Security Services		$	5,000	$	3,333	$	-	$	3,333	
Pool Maintenance		$	15,000	$	10,000	$	-	$	10,000	
Amenity Repairs & Maintenance		$	15,000	$	10,000	$	-	$	10,000	
Special Events		$	7,500	$	5,000	$	-	$	5,000	
Holiday Decorations		$	2,500	$	1,667	$	-	$	1,667	
Amenity Contingency		$	15,000	$	10,000	$	-	$	10,000	
	Subtotal	$	191,620	$	134,413	$	-	$	134,413	
						
Total O&M Expenses:		$	551,232	$	374,155	$	128,829	$	245,325	
						
Total Expenditures		$	685,989	$	469,606	$	197,943	$	271,662	
						
Excess Revenues (Expenditures)		$	-		$	245,718		
						
Fund Balance - Beginning		$	-		$	244,555		
						
Fund Balance - Ending		$	-		$	490,274		
Preston Cove
Community Development District Debt Service Fund - Series 2022
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/25	Thru 05/31/25	Variance	

Revenues:					
Assessments - On Roll	$	381,859	$	380,085	$	380,085	$	-	
Assessments - Direct	$	288,379	$	202,085	$	202,085	$	-	
Interest	$	20,000	$	10,000	$	26,327	$	16,327	
Total Revenues	$	690,238	$	592,170	$608,496	$	16,327	

Expenditures:					
Interest Expense 11/1	$	221,556	$	221,556	$	221,556	$	-	
Principal Expense 5/1	$	230,000	$	230,000	$	230,000	$	-	
Interest Expense 5/1	$	221,556	$	221,556	$	221,556	$	-	
Total Expenditures	$	673,113	$	673,112	$	673,112	$	-	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	(18,009)	$	(18,009)	
Total Other Financing Sources (Uses)	$	-	$	-	$	(18,009)	$	(18,009)	
					
Excess Revenues (Expenditures)	$	17,125		$	(82,625)		
					
Fund Balance - Beginning	$	266,799		$	922,654		
					
Fund Balance - Ending	$	283,924		$	840,029		
Preston Cove
Community Development District Capital Projects Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending May 31, 2025

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/25	Thru 05/31/25	Variance	

Revenues:

Interest	

$	

-	$	

-	$	892	

$	892	
Total Revenues	$	-	$	-	$	892	$	892	

Expenditures:

Capital Outlay - Construction	

$	

-	$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Other Financing Sources:					
Transfer In/(Out)	$	-	$	-	$	18,009	$	18,009	
Total Other Financing Sources (Uses)	$	-	$	-	$	18,009	$	18,009	
					
Excess Revenues (Expenditures)	$	-	$	18,901		
					
Fund Balance - Beginning	$	-	$	25,148		
					
Fund Balance - Ending	$	-	$	44,049		
Preston Cove
Community Development District Month to Month

	Oct		Nov		Dec		Jan		Feb		March		April		May	June	July	Aug	Sept		Total			

Revenues:																								
Assessments-On Roll		$	6,703	$	10,889	$	222,469	$	107,172	$	39,064	$	5,133	$	1,589	$	1,335	$	-	$	-	$	-  $	-	$	394,353	
Assessments-Direct		$	-	$	-	$	-	$	-	$	36,414	$	3,141	$	-	$	9,274	$	-	$	-	$	-  $	-	$	48,829	
Interest - SBA		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	479	$	-	$	-	$	-  $	-	$	479	
Developer Contributions		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Total Revenues		$	6,703	$	10,889	$	222,469	$	107,172	$	75,478	$	8,274	$	1,589	$	11,088	$	-	$	-	$	-  $	-	$	443,662	

Expenditures:																								
General & Administrative:																								
Supervisor Fees		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
FICA Expense		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Engineering		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Attorney		$	3,157	$	1,484	$	583	$	977	$	3,136	$	1,429	$	2,222	$	1,932	$	-	$	-	$	-  $	-	$	14,919	
Annual Audit		$	-	$	-	$	-	$	-	$	-	$	-	$	4,200	$	-	$	-	$	-	$	-  $	-	$	4,200	
Assessment Administration		$	5,565	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	5,565	
Arbitrage		$	-	$	-	$	-	$	-	$	-	$	450	$	-	$	-	$	-	$	-	$	-  $	-	$	450	
Dissemination		$	438	$	438	$	438	$	438	$	438	$	438	$	438	$	438	$	-	$	-	$	-  $	-	$	3,500	
Trustee Fees		$	1,684	$	-	$	-	$	-	$	-	$	2,357	$	-	$	-	$	-	$	-	$	-  $	-	$	4,041	
Management Fees		$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	3,333	$	-	$	-	$	-  $	-	$	26,667	
Information Technology		$	158	$	158	$	158	$	158	$	158	$	158	$	158	$	158	$	-	$	-	$	-  $	-	$	1,260	
Website Maintenance		$	105	$	105	$	105	$	105	$	105	$	105	$	105	$	105	$	-	$	-	$	-  $	-	$	840	
Telephone		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Postage & Delivery		$	10	$	1	$	31	$	22	$	-	$	64	$	53	$	2	$	-	$	-	$	-  $	-	$	183	
Insurance		$	5,814	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	5,814	
Printing & Binding		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Legal Advertising		$	209	$	-	$	-	$	-	$	-	$	750	$	-	$	-	$	-	$	-	$	-  $	-	$	959	
Other Current Charges		$	48	$	40	$	40	$	189	$	48	$	63	$	63	$	48	$	-	$	-	$	-  $	-	$	541	
Office Supplies		$	0	$	0	$	0	$	-	$	-	$	0	$	0	$	0	$	-	$	-	$	-  $	-	$	1	
Dues, Licenses & Subscriptions		$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	175	
Total General & Administrative:		$	20,695	$	5,558	$	4,687	$	5,221	$	7,217	$	9,148	$	10,572	$	6,016	$	-	$	-	$	-  $	-	$	69,114	

Operation and Maintenance																								
Field Expenses
Field Management		

$	

1,313	

$	

1,313	

$	

1,313	

$	

1,313	

$	

1,313	

$	

1,313	

$	

1,313	

$	

1,313	

$	-	

$	-	

$	

-  $	-	

$	

10,500	
Landscape Maintenance		$	12,541	$	15,800	$	11,000	$	11,000	$	11,000	$	11,000	$	11,000	$	-	$	-	$	-	$	-  $	-	$	83,341	
Landscape Contingency		$	600	$	-	$	-	$	2,315	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	2,915	
Lake Maintenance		$	1,200	$	950	$	950	$	950	$	950	$	950	$	950	$	950	$	-	$	-	$	-  $	-	$	7,850	
Streetlights		$	-	$	-	$	288	$	128	$	145	$	173	$	161	$	153	$	-	$	-	$	-  $	-	$	1,048	
Electric		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Water & Sewer		$	-	$	320	$	188	$	192	$	220	$	188	$	461	$	836	$	-	$	-	$	-  $	-	$	2,404	
Sidewalk & Asphalt Maintenance		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Irrigation Repairs		$	-	$	-	$	1,158	$	1,500	$	622	$	1,118	$	-	$	362	$	-	$	-	$	-  $	-	$	4,760	
Irrigation - Usage		$	824	$	2,153	$	1,674	$	5,651	$	1,967	$	1,692	$	1,455	$	596	$	-	$	-	$	-  $	-	$	16,013	
General Repairs & Maintenance		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
Contingency		$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-	$	-	
	Subtotal	$	16,477	$	20,535	$	16,570	$	23,048	$	16,216	$	16,433	$	15,340	$	4,209	$	-	$	-	$	-  $	-	$	128,829	
Preston Cove
Community Development District Month to Month

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total				
Amenity Expenses																	
Staffing		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Property Insurance		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Amenity-Electric		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Amenity-Water		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Dues, License, Permits		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Cable/Internet		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Pest Control		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Janitorial Services		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Security		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Pool Maintenance		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Amenity Repairs & Maintenance		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Special Events		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Holiday Decorations		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
Contingency		$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			
	Subtotal	$		-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $		-  $	-  $	-  $		-			

Total O&M Expenses:		$	16,477  $	20,535  $	16,570	$	23,048	$	16,216	$	16,433  $	15,340  $	4,209	$	-  $	-  $	-	$	-  $  128,829					
												
Total Expenditures		$	37,172  $	26,094  $	21,257	$	28,269	$	23,434	$	25,581  $	25,912  $	10,225	$	-  $	-  $	-	$	-  $  197,943					
												
Excess Revenues (Expenditures)		$	(30,469)  $	(15,205)  $	201,213	$	78,903	$	52,044	$	(17,306)  $	(24,324)  $	863	$	-  $	-  $	-	$	-  $  245,718					
Preston Cove
Community Development District Long Term Debt Report

Series 2022, Special Assessment Bonds		
Interest Rates:	3.250%, 3.600%, 4.000%, 4.125%	
Maturity Date:	5/1/2052	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$670,238	
Reserve Fund Balance	$670,238	
Bonds Outstanding - 02/28/22	$11,610,000	
Principal Payment - 5/1/23	($215,000)	
Principal Payment - 5/1/24	($220,000)	
Principal Payment - 5/1/25	($230,000)	
Current Bonds Outstanding	$10,945,000	
Preston Cove
Community Development District Special Assessment Receipts Fiscal Year 2025

ON ROLL ASSESSMENTS

Gross Assessmen Net Assessments

$ 413,357.34  $
$ 388,555.90  $

406,232.34
381,858.40

$ 819,589.68
$ 770,414.30

50%	50%	100%
Date	Distribution	Gross Amount	Discount/Penalty	Commision	Interest	Net Receipts	General Fund	Debt Service	Total		

10/31/24	
ACH		
$	6,267.62	
$	-	
$	-	
$	435.19	
$	6,702.81	
$  6,702.81	
$	-	
$  6,702.81	
11/22/24	ACH		$	22,489.54	$	(899.60)	$	-	$	-	$	21,589.94	$ 10,888.81	$	10,701.13	$ 21,589.94	
12/11/24	ACH		$  447,220.99	$	(17,888.59)	$	-	$	-	$  429,332.40	$ 216,532.37	$	212,800.03	$ 429,332.40	
12/20/24	ACH		$	12,208.57	$	(436.92)	$	-	$	-	$	11,771.65	$  5,936.99	$	5,834.66	$ 11,771.65	
1/9/25	ACH		$  217,826.80	$	(6,534.44)	$	-	$	-	$  211,292.36	$ 106,564.60	$	104,727.76	$ 211,292.36	
1/28/25	ACH		$	607.14	$	-	$	-	$	-	$	607.14	$	607.14	$	-	$	607.14	
2/10/25	ACH		$	77,453.88	$	-	$	-	$	-	$	77,453.88	$ 39,063.61	$	38,390.27	$ 77,453.88	
3/11/25	ACH		$	10,385.80	$	(207.71)	$	-	$	-	$	10,178.09	$  5,133.29	$	5,044.80	$ 10,178.09	
4/9/25	ACH		$	2,622.68	$	-	$	(52.45)	$	-	$	2,570.23	$  1,296.29	$	1,273.94	$  2,570.23	
4/30/25	ACH		$	292.27	$	-	$	-	$	-	$	292.27	$	292.27	$	-	$	292.27	
5/12/25	ACH		$	2,701.36	$	(54.03)			$	2,647.33	$  1,335.17	$	1,312.16	$  2,647.33	
							$	-	$	-	$	-	$	-	
		Total	$  800,076.65	$  (26,021.29)	$	(52.45)	$	435.19	$  767,735.29	$ 394,353.35	$	380,084.75	$ 774,438.10	

DIRECT BILL ASSESSMENTS

Starlight Homes
2025-02		
Net Assessments	
$  101,179.34	
$ 15,643.29	
$	85,536.05		
Date Received	Due Date	Check Number	Net Assessed	Amount Received	General Fund	2022 Debt Service	
2/28/25	11/1/24	57897	$	50,589.67	$	50,589.67	$  7,821.65	$	42,768.03	
2/28/25	2/1/25	57897	$	25,294.84	$	25,294.84	$  3,910.82	$	21,384.01	
	5/1/25		$	25,294.84	$	-	$	-	$	-	
			$	101,179.35	$	75,884.51	$ 11,732.47	$	64,152.04	

DIRECT BILL ASSESSMENTS

Elevation Preston Cove, LLC
2025-01		
Net Assessments	
$  239,939.59	
$ 37,096.96	
$	202,842.64		
Date Received	Due Date	Check Number	Net Assessed	Amount Received	General Fund	2022 Debt Service	
2/28/25	11/1/24	ACH	$	18,548.48	$	18,548.48	$ 18,548.48	$	-	
2/28/25	2/1/25	ACH	$	9,274.24	$	9,274.24	$  9,274.24	$	-	
3/4/25	3/1/25	ACH	$	137,933.00	$  137,933.00	$	-	$	137,933.00	
5/2/25	5/1/25	107484	$	9,274.24	$	9,274.24	$  9,274.24	$	-	
	9/1/25		$	64,909.64	$	-	$	-	$	64,909.64	
			$	239,939.60	$  175,029.96	$ 37,096.96	$	202,842.64	

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Preston Cove CDD
Field Management Report

June 26th, 2025 Ashley Hilyard Field Manager GMS

Preston Cove CDD Field Management Report | GMS 2025

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Amenity Completion Update Cont’d

Preston Cove CDD Field Management Report |

Preston Cove CDD Field Management Report | GMS 2025