Pine Air Lakes Community Development District
April 23, 2026

Seat 3: Thomas Conroy III – (C.)		
Seat 1: David Stevens – (V.C.)		
Seat 2: Doug Nelson – (A.S.)		
Seat 5: Wayne Griest – (A.S.)		
Seat 4: Michael Durant – (A.S.)		

Pine Air Lakes
Community Development District
Agenda

Thursday	Coleman, Yovanovich & Koester, P.A., Northern Trust Bank Building April 23, 2026		4001 Tamiami Trail North, Suite 300, Naples, Florida 34103 2:00 p.m.			Join the meeting now
Meeting ID: 225 173 227 277 52 and Passcode: NV6et34f
1 872-240-4685 and Phone Conference ID: 413 279 210#

Oath of Office for Newly Elected Supervisors Elected at the Landowners Meeting – Seat #1, Seat #3 and Seat #4 – Page 3

Roll Call

Approval of the Minutes of the November 20, 2025 Meeting – Page 4
Consideration of Resolution #2026-03 Approving the Proposed Fiscal Year 2027 Budget and Setting the Public Hearing – Page 19

Staff Reports
Attorney

Engineer

Field Report – Monthly Report – Page 29

Manager – Clarification Regarding Current Seat Numbers and Seat Numbers from November 20, 2025 Landowners Election

Financial Reports
Approval of Check Register – Page 32

Approval of Unaudited Financials – Page 39

Supervisors Requests and Audience Comments

Adjournment

Meetings are open to the public and may be continued to a time, date and place certain. For more information regarding this CDD please visit the website: http://www.pineairlakescdd.com

Oath of Office
I, 	 a resident of the State of Florida and citizen of the United States of America, and being a Supervisor of the Pine Air Lakes Community Development District and a recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly and impartially discharge the duties devolving upon me in the office of Supervisor of the Pine Air Lakes Community Development District, 	, Florida.
Signature 	 Mailing Address 	

County of Residence: 	 Telephone #: 	 E-mail: 	 Date: 	

Sworn	to	(or	affirmed)	before	me	this			day	of		,	by
	 whose signature appears hereinabove.

Notary Public State of Florida

Print Name

My Commission expires Personally known 	 or produced identification 	
Type of identification	

MINUTES OF MEETING PINE AIR LAKES
COMMUNITY DEVELOPMENT DISTRICT
The regular meeting of the Board of Supervisors of the Pine Air Lakes Community Development District was held on Thursday, November 20, 2025, at 2:00 p.m. at 4001 Tamiami Trail N., Suite 300, Naples, Florida.

Present and constituting a quorum were:

Tom Conroy	Chairman
David Stevens	Vice Chairman
Doug Nelson	Assistant Secretary
Wayne Griest	Assistant Secretary
Michael Durant	Assistant Secretary

Also present were:

Andrew Gill	District Manager
Julio Padilla	Governmental Management Services
Greg Urbancic	District Counsel
Mr. Clark	Southeast Land and Water Management

FIRST ORDER OF BUSINESS	Oath of Office for Newly Elected
Supervisors elected at the Landowners Meeting – Seat #1, Seat # and Seat #5
Mr. Gill: Prior to this meeting we held the landowners meeting where 3 Supervisors were nominated and elected to seat #1, seat #3 and seat #5. What I’ll do now is, I’m going to administer the oath of office to each of you, and if you would just state your name after I say the word “I” and then I will continue reading it, and then you can say, I do, afterwards, so “I”.
Mr. Conroy: Tom Conroy. Mr. Griest: Wayne Griest.
Mr. Gill: A resident of the State of Florida and citizen of the United States of America, being a Supervisor of the Pine Air Lakes Community Development District and recipient of public funds on behalf of the District, do hereby solemnly swear or affirm that I

will support the Constitution of the United States and of the State of Florida, and will faithfully, honestly, and impartially discharge the duties devolving upon me in the office of Supervisor of the Pine Air Lakes Community Development District, Collier County, Florida.
Mr. Conroy: I do.
Mr. Griest: I do.
Mr. Gill: Ok.

SECOND ORDER OF BUSINESS    Roll Call
Mr. Gill called the meeting to order and called the roll.
Mr. Durant: Just to stop you really quickly you know your agenda says, you were electing seat #4, which is my seat, and you say it’s seat #5 which is Wayne.
Mr. Gill: Right, it should be seat #1, #3 and #5. Mr. Durant: Ok.

THIRD ORDER OF BUSINESS	Organizational Matters
Consideration of Resolution #2026-01 Canvassing and Certifying Results of Landowners Election
Mr. Gill: Next, we’ll move on to organizational matters, and resolution #2026-01, this canvasses and certifies the results of the landowners election that was held prior to this meeting. Those results are, David Stevens, seat #1 receiving 1 vote, Thomas Conroy, seat #3 receiving 1 vote, and Wayne Griest, seat #5 receiving ½ vote as well. From that we have Supervisor Stevens, seat #1 receiving a 4-year term, Supervisor Conroy, seat #3 receiving a 4-year term and Supervisor Griest, seat #5 receiving a 2-year term. Any questions from the Board?
Mr. Conroy: No.
Mr. Gill: If there are none, I’m looking for a motion to adopt resolution #2026-01.

On MOTION by Mr. Durant seconded by Mr. Stevens with all in favor, Resolution #2026-01 canvassing and certifying results of the Landowners Election was approved.

Consideration of Resolution #2026-02 Electing Officers
Mr. Gill: Next up is item 3B which is consideration of resolution #2026-02 electing officers. After the election of new Supervisors, or at any point the Board can redesignate officers. Currently you have Supervisor Conroy as chairman, and Supervisor Stevens as

vice chairman with the remaining Supervisors as assistant secretaries. You have Patti Powers from my office as treasurer, and Sharyn Henning as assistant treasurer, you have Paul Winkeljohn as secretary, and myself, Andrew Gill, as assistant secretary as well.
Mr. Griest: I motion.
Mr. Gill: To keep the same slate? Mr. Griest: Yes.
Mr. Gill: Ok, so we’ll keep the same slate of officers.

On MOTION by Mr. Griest seconded by Mr. Durant with all in favor, Resolution #2026-02 electing officers, electing to keep the existing slate of officers the same as stated on the record was approved.

FOURTH ORDER OF BUSINESS	Approval of the Minutes of the
August 21, 2025 Meeting
Mr. Gill: Moving down to the minutes, these are the minutes of the Thursday, August 21, 2025, and they’re included in your packet. You’ve had a chance to review them, are there any additions, deletions or corrections? Hearing none, I’ll ask for a motion to approve.

On MOTION by Mr. Stevens seconded by Mr. Griest with all in favor, the Minutes of the August 21, 2025 Meeting were approved.

FIFTH ORDER OF BUSINESS	Staff Reports
Mr. Gill: Moving on to staff reports, attorney, anything to report?

Attorney
Mr. Urbancic: Just the legislative update, they’re trying to change the sovereign immunity limits again that apply to governments, and we’ll see if that passes this year and then one thing we do administratively, you might remember the goals, objectives and policies, there’s a bill to get rid of that, so that would be kind of nice. That’s it, I didn’t have anything else, oh and if you haven’t done your ethics training this year just finish that before the end of the year.

Mr. Gill: So, for you two, I’ll send out another reminder probably the week of December 18th or so when our office starts to close, I’ll send it to all my Boards just to remind them.
Mr. Conroy: And why don’t you send it, can you send it next week too?
Mr. Gill: Yes, sure, I can do that, and it should be free, I’ve had a couple of Boards where Board members paid $75 and they received like a print out certificate, if you want that you can pay for it but, it’s not required.
Mr. Urbancic: And it’s all on the honor system at this point. Mr. Gill: Yes.
Engineer
Mr. Gill: Nothing from the District engineer but, if you have any questions for him I can relay those.

Field Report – Monthly Report
Mr. Gill: I’ll turn it over to Julio with the field report.
Mr. Padilla: Thank you. Does anyone have any questions on the field report before I address some items in it?
Mr. Gill: And that starts on page 29.
Mr. Durant: How are things on that road behind Lowe’s? Mr. Padilla: It’s doing good.
Mr. Durant: Ok.
Mr. Padilla: It’s been months since I’ve seen anyone park there, and whenever they’re loading and unloading they’re doing on the main street, on the road, not on the curb.
Mr. Conroy: The curbing and everything seems to be working. Mr. Padilla: Yes, it is, and it looks very nice too.
Mr. Conroy: Good.
Mr. Padilla: So that was a good decision by the Board. I do have an update regarding the preserve maintenance, the Board did agree to go with Collier County Environmental. I have tried reaching out to them, I even met with their supervisor in another community, asking their manager to reach out to me so we can draft up the contract and get a revised agreement like we said that we would do, and he hasn’t been

calling me back. So, being that in December we’re pretty much due for maintenance on the preserve I asked Clark, he’s the one from Southeast Land and Water Management, he provided a proposal last time, and what he provided was, let me pass that out. So, at that time when he provided a proposal it was for $1,000 each visit which 4 visits per year, quarterly, so what we did in other properties, I asked him if he could match the current cost that the Board had approved with Collier Environmental which was $1,700 for each visit and only 2 visits per year. So, he not only matched it but, he actually lowered it a little bit, to $1,600, and if the Board wanted to make that change and select Southeast Land and Water Management instead we could do that. One of the things we do have with Clark is that we have easy access, he’s the owner of the company, we do like working with the owners of the companies because when you go through management things can get dropped, they get too busy but, he has always been responsible with the other Districts we work with, and I just wanted him to come to the meeting so he could introduce himself and if you had any questions for him he could go ahead and answer those.
Mr. Clark: Well, thank you Julio, and that’s exactly why I’m here to give us an opportunity and we revised the quote. We want to grow in this market, and we do some larger projects in Fort Myers but, we want to grow in the Naples market and this was an opportunity. I’ve been after the property, I’m very familiar with it, and I am the owner of the business we do a fair amount of work on the east coast but, it’s our intent and we’re over here twice a year but, we’re over here more than 10 days anyway, so eyes onsite and trash cleanup around the preserve is something that we’ll be doing outside of our contract anyway. I just wanted to make myself available and if there’s any questions or anything that I can address but, I just wanted to introduce myself and thank you for the opportunity and thank you for your time here today.
Mr. Conroy: I have a question, tell me a little bit about your business, you specialize in working with South Florida Water Management District and things like that?
Mr. Clark: Well, years ago under Rick Scott I was appointed and sat on the Board and I represented Broward County for 3 ½ years, so I’m very experienced.
Mr. Conroy: With respect to South Florida Water Management? Mr. Clark: Yes.
Mr. Conroy: Ok, good.

Mr. Clark: I sat on the Board of Directors but, that was years ago, that was back in 2015 I believe. So, a little bit about me, I grew up in South Florida, went to school in Texas, moved back here, I was Stiles Corporation for 7 years, and I don’t know if you’re familiar with Stiles Corporation or not. I work directly under Terry Stiles, and I was with a private investment firm, and started a property management company, always had issues with service companies. I started a landscaping business for 10 years, sold it to a national player and that allowed me to focus on what I really like and that’s what I’m doing now, so preserve work, digging into mitigation, dredging, stormwater maintenance or anything to do with water pretty much. So, we’re fully capable to handle this project, this is right in our wheelhouse, I’m very comfortable with it, like I said I’ve been after property, we work well together, we do other properties with other managers within GMS also but, I’d love the opportunity to work with you and your team and represent the CDD.
Mr. Griest: And is all the work being done by your employees, no subs?
Mr. Clark: No subs, everything is in house. You’ll get a schedule, and I know this is only twice a year but, you’ll get schedule, when we’re onsite, and then you’ll get a report of what we did, and if there’s any findings, any issues, I always look for liability issues first as a former property manager and real estate, if I’m driving through the parking lot and if I see a stop sign that’s covered up by a tree, I’m going to reach out to the manager and let him know, or mold on the sidewalks, those kind of things we’ll point out. So, outside of lake and preserve we want to be a valued and a partner.
Mr. Nelson: It says in here hydrilla, if present is not included in the proposal.
Mr. Clark: Right, so the standard format that’s really for a lake, hydrilla, but when we run into larger lakes sometimes hydrilla will come in from outside of that lake, and there’s a product that we use, Sonar, and it can be $10,000, $20,000 or $30,000 if the customer wants that but, that eliminates hydrilla but hydrilla can take over lakes in a short amount of time but, not in the preserve but, I just leave that in all the contracts because it that contract is sent out, and then if we run into hydrilla and then I end up with a $10,000 treatment but, we like happy customers we don’t like to nickel and dime anyone, but like I said, this job is right in our wheelhouse we can do a great job.
Mr. Griest: And based on the scope of work do you think twice a year is sufficient?
Mr. Clark: I like 4 times a year but, it’s a small preserve, and we’re going to show up and do a complete job each time we’re there. Like inbetween business when it’s on

month 4 and 5, if there was an inspector that goes in there, you can let them know, hey next month they’re showing up but, you’re going to have invasives that are head high in there but, then we’ll take care of it. So, as long as it’s consistent that we’re in there, it will be compliant.
Mr. Conroy: Alright.
Mr. Urbancic: So, if we’re inclined to go this way, I think we need to rescind our prior action first by motion and then we can take up a separate motion for this contract.
Mr. Gill: Who was the prior vendor?
Mr. Padilla: Collier Environmental Services. Mr. Gill: Ok, so we’re looking for a motion.
Mr. Conroy: Well, what kind of termination do we have to give the other company, anything, has their contract expired?
Mr. Padilla: No, they never got back to us to do a contract.
Mr. Conroy: Got it, so we’re presently not under contract with anyone to do that. Mr. Padilla: Correct.
Mr. Urbancic: That’s my understanding.
Mr. Nelson: So, in terms of the prior contract and the proposed contract, is this the schedule items the same in terms of the inspection? So, if I’m reading this right, it’s treatment of herbicide, and inspection.
Mr. Padilla: Yes.
Mr. Nelson: And that’s it. Mr. Padilla: Yes.
Mr. Nelson: And that’s all we were paying for before. Mr. Padilla: Yes.
Mr. Nelson: So, when we had the issue with South Florida Water Management, we had to fix the berm, not included, that whole thing you went through out there, and they wanted the berm moved an inch and corrected.
Mr. Durant: And we had to add some plants.
Mr. Conroy: But we did that again, that was an add on, that was an extra.
Mr. Nelson: Correct, and then the trash issue we had with the movie theater throwing trash over the fence, that’s not included.
Mr. Padilla: No.

Mr. Nelson:	Well, for twice a year but, is that going to keep up, or how do we manage that?
Mr. Padilla: So, that’s done monthly with Stahlman-Douglas, he does that monthly
for us.
Mr. Nelson: Ok, so he’s doing that for us on a regular basis. Mr. Padilla: Yes.
Mr. Nelson: Ok, so this is basically, you’re just treating the invasives so that they’re
controlled and if we do it properly we’re in compliance.
Mr. Clark: Yes, if we’re in there twice a year we’re going to take care of it, everything we see in there it will be controlled.
Mr. Nelson: Ok.
Mr. Clark: And between visits though, like I said, in months 4 and 5, if you walk in there you’re going to see stuff that’s alive and well but, when we come in there we’ll do our job.
Mr. Nelson: And you bring your crew, we’ve been over this but, you’re actually bring in a crew from Miami, or Fort Lauderdale, that comes over here and does the work and then they go back.
Mr. Clark: Yes.
Mr. Nelson: Ok, sorry for the interruption. Mr. Conroy: So, what do we have to do? Mr. Durant: Terminate the other vendor.
Mr. Gill: I don’t know that we need to terminate the other vendor since we’re not in a contract.
Mr. Urbancic: No, rescind the award because you authorized it, so we need to rescind that prior action, and then we can take the new action.
Mr. Gill: Got it, and what’s the vendor’s name again? Mr. Padilla: Collier Environmental Services.
Mr. Gill: Alright, so I’m looking for a motion from the Board to rescind the award to Collier Environmental Services for preserve maintenance.

On MOTION by Mr. Conroy seconded by Mr. Stevens with all in favor, rescinding the action of awarding a contract to Collier Environmental Services for preserve maintenance was approved.

Mr. Gill: The next motion I’m looking for is a motion authorizing Southeast Land and Water Management to perform preserve maintenance twice annually at an amount of
$1,600 per service and authorize staff to enter into an agreement for those services.

On MOTION by Mr. Griest seconded by Mr. Nelson with all in favor, authorizing staff to enter into a contract with Southeast Land and Water Management to perform preserve maintenance twice annually in an amount of $1,600 per service was approved.

Mr. Gill: Ok.
Mr. Clark: Thank you very much, I look forward to working with you all. Mr. Gill: Thanks.
Mr. Padilla: I also have an update on the lake maintenance, I was able to get in touch with one of their managers because we’ve been having some issues with the system and treating the grasses of the lake. So, he assured me the next visit they’re going to do it right, so I’m going to go see him when he’s treating that situation, and if that changes I’ll let the Board know. Also, when we went with Clark to look at the preserve, he also does lakes so I asked him to take a walk with me around the lakes just to see what he thought and so he has a good understanding on what we have right now in case we ever need another proposal.
Mr. Gill: And let me just cut in here, so for the preserve maintenance right now we have budgeted $5,000 for the year, we will enter into a contract with him for $3,200, so if we need that third visit we have it budgeted just so you know.
Mr. Conroy: Perfect.
Mr. Padilla: Thank you. On the caving road area, the service road, I met the contractor.
Mr. Nelson: And you actually did meet with him?

Mr. Padilla: Yes, finally we met, he’s a very nice guy, we were able to talk about this issues and what he thought, and he believes that the first step is to go in there, vacuum the drain line under the road, and do a camera footage, so take a look and see what’s really underneath to see what the issue is before you were just bulking up the road and then he tried to find out what the problem was. So, he provided us with a proposal but, we weren’t able to get it on the agenda but, he’s providing MOT, vacuuming the drain line and camera video on the drainage line and then provide a report on what he finds, and he's asking $11,700 for that, with a deposit of $3,800 once the contract is executed and the rest when he’s completed.
Mr. Conroy: And is it that broken water main that keeps leaking, is that what that is? Mr. Gill: It’s the depression in the road, we’re unsure about.
Mr. Padilla: Right it’s in the depression in the road.
Mr. Nelson: We have confusion as to exactly which of the lines under the road are the problem because there’s a sewer outlet and there’s a pipe and they’re in different locations, and if you dry the line to where you think the line is under the road, is his proposal looking at both of them, or all of them, or is he just looking at one?
Mr. Padilla: Just the one.
Mr. Nelson: Which is, that’s a non-starter just to be clear because it’s not going to help us.
Mr. Conroy: Well, I assume you just dig it up.
Mr. Nelson: Well, my hope was, since I do this for a living, is that he just say, let’s dig it up and you dig the whole thing up, I could open that, and I can’t do it because I’m here but, I could open that whole thing up in 4 hours, look at everything, repack it, rebuild it, and if there’s a problem, fix it but, I don’t know what permitting or what permits are required and all of that.
Mr. Conroy: Is this actually in the road or the parking lot? Mr. Nelson: It’s in the road.
Mr. Padilla: It’s the road.
Mr. Conroy: And is this on Naples Blvd. or the other one?
Mr. Nelson: It’s right before the fancy $100,000 curb we put in. Mr. Padilla: Near the exit sign.
Mr. Conroy: So, it’s not on Naples Blvd., it’s near the service road.

Mr. Gill: Correct.
Mr. Conroy: I mean if there are 2 or 3 lines and he’s planning on doing that for 1 line, he’s got to get the right line.
Mr. Padilla: I can ask him to revise it, and include everything.
Mr. Conroy: The problem is, he’s an expert I would assume and does he know there’s multiple things down there, why would he suggest 1 line?
Mr. Padilla: According to him it’s just 1 line.
Mr. Conroy: Ok, so that could be another issue then. Are we sure there’s not something else down there? What would it cost you to do dig the whole thing, not that you’d do it but, what would it cost you to dig it all up and put it back together?
Mr. Nelson: Let’s say 2 or 3 days at a couple $1,000 a day. Let me say it this way, for less than $11,000 we could dig the whole thing up, look at it, put it back, and Bob at Onyx Asphalt, he’s an asphalt guy, you get him to repave it, so that would be my recommendation. Maybe camera it, but at $11,000 to camera it is a little bit high, that could mean it’s another story unless he’s got some specific things. I would like to table the whole thing and talk about it.
Mr. Conroy: Where do we start the camera from?
Mr. Nelson: I think he’s going into the sewer that’s the outlet to the lake, right? Mr. Padilla: Yes.
Mr. Conroy: So, this is not water then.
Mr. Nelson: So, the dip is right here, and the sewer, the culvert is here, the end of the lake, and it looks like the sewer goes this way. So, if this is the dip, the sewer inlet is right here and if it goes this way, that would kind of explain it but, I think it goes this way.
Mr. Padilla: I think he’s actually going to vacuum it based on my conversation, there’s a drain that right by the dealer entrance.
Mr. Nelson: Ok, somewhere over here.
Mr. Padilla: Yes, towards the right more, it’s on the road, it’s actually paved. Mr. Nelson: Ok.
Mr. Padilla: So, it would be a little bit right after the entrance. Mr. Conroy: So, dig it and fix it.
Mr. Nelson:	Well, even if you vacuum and clean it out, the road is not dipping because it’s dirty, the road is dipping because it has water and what normally happens is a

lot of people come back and they’ll excavate down 2 feet and fix it, well they’re not solving the problem which is 10 feet, so to solve problem 10 feet down and then come back up. So, my suggestion would be just rip it out and fix it.
Mr. Conroy: Well, I afraid if we spend $11,000 with a camera and then you say he’s the way to fix it, so the way to do it is dig the whole thing, and get people ready to fix it when they see the problem.
Mr. Nelson: That’s a private road, right? Mr. Padilla: Yes.
Mr. Nelson: So, we don’t need a right-of-way MOT, we just need our own MOT which is cones.
Mr. Urbancic: I don’t know if there’s any permitting involved but, you may have to call before you dig and all that kind of stuff?
Mr. Nelson: Well, definitely call before you dig, that’s a standard, but if we’re not changing the stormwater management system, there shouldn’t be a permit involved, so it’s all our infrastructure, so in this case you’d have to cordon off the area, put up barriers or whatever so people don’t fall in the hole if it’s left open overnight, which we don’t leave it open overnight there’d be gravel there or whatever.
Mr. Conroy: So, how would we find out whether we need a permit for it or we don’t need a permit for it and how much it’s going to cost to get an estimate?
Mr. Nelson: Let me ask this, it’s a dumb question I know but, can my company do
this?
Mr. Conroy: He’s doesn’t have ownership in this company, he’s just the manager
running the company.
Mr. Urbancic: Well, that’s a conflict, so we’d have to run it through the conflict rules to understand, you definitely would have to abstain from any sort of vote and file a form.
Mr. Nelson: Or I don’t care, I’d get a competitor to do it and just work with Bob, tell him what to do and be done.
Mr. Conroy:	You know it’s such a small job I think it’s better to try to find a competitor and you can kind of help us manage the process.
Mr. Nelson: Ok.
Mr. Conroy: Otherwise you’re kind of out of it.

Mr. Urbancic: Yes, it’s better from that standpoint, I mean there’s all kinds of articles in Chapter 112 doing business and what your agency is, there’s all kinds of little trip ups in that.
Mr. Gill: Do we have a like a ballpark figure here? What we can do is we can authorize Supervisors Nelson to spearhead this, work with management, and then in lieu of a Board meeting we can continue this process but, I need sort of a dollar amount cap here if possible.
Mr. Nelson: I can suggest that we could beat Bob’s quote pricing or Onyx’s quote. Mr. Conroy: Well, why don’t we say $15,000.
Mr. Nelson: So, give us $15,000 and I’m going to recommend that someone digs it up, fixes it and then he would come back and patch it.
Mr. Conroy: Good. So, I’ll move that $15,000 to try to negotiate the repair of this sink hole, including everything soup to nuts, getting repatched, and do that in the next 60 days or so.
Mr. Durant: To be clear the $11,000 that we had to bid on was just to have a camera go down, and it’s certainly going to cost more than $4,000 after they find the problem.
Mr. Conroy: But we don’t have a camera anymore.
Mr. Durant: Well, we had $11,000 to spend and now it’s $15,000, I just want to draw the line of distinction that we’re getting much more.
Mr. Griest: More for our money. Mr. Conroy: Right.

On MOTION by Mr. Conroy seconded by Mr. Durant with all in favor, authorizing $15,000 to repair the road depression behind Lowe’s as stated on the record was approved.

Mr. Padilla: I have nothing else to report unless the Board has any questions.
Mr. Gill: Going forward, what we’ll do for the Board because I don’t see any, we’ll try to get you all pictures of what’s been done. I know Stahlman reaches out to us monthly with work that he’s been doing and I talked Julio and he confirms that it’s done but, I think a picture will go a long way for this Board, so we’ll make sure to do that.

Manager – Final Approval of the FY2024-FY205 Report Performance Measures and Standards
Mr. Gill: If there’s nothing else for Julio, I can move down to District manager, and this is just a follow up to what Greg just mentioned about the performance standards for the District that the legislature required us to include. Those were met for this District and this is the report that the Board has to sign off on and we’ll put it on the website.
Mr. Nelson: Can I suggest something, one meeting public compliance, meeting dates, cancelled, did we really cancel or did we make it not necessary, because it looks bad like we’re a bunch of losers that can’t attend a meeting as opposed to not required.
Mr. Gill: I can change that to not required, so I’ll change this. So, the approval I get from you all now, and then I’ll modify it to remove each of those cancels and change it to not required. Otherwise, the standards that the Board set, you all met.
Mr. Nelson: So, we met the standards that we set?
Mr. Gill: Correct. So, if there are no questions I’m just looking for a motion to approve the fiscal year 2024-2025 performance measures and standards as modified.

On MOTION by Mr. Nelson seconded by Mr. Griest with all in favor, final approval of the FY2024-FY2025 Report Performance Measures and Standards as amended was approved.

Mr. Gill: Then for this next fiscal year, 2025 to 2026, unless the legislature cancels this requirement we need to do another one, so I’m just looking for a motion from the Board to use the same template as last year for this coming year.

On MOTION by Mr. Nelson seconded by Mr. Griest with all in favor, accepting the 2026 Performance Measures and Standards as required by Florida Statute 189.0694 was approved.

SIXTH ORDER OF BUSINESS	Financial Reports
Approval of Check Register
Acceptance of Unaudited Financials
Mr. Gill:	Next item is the check register.	The check register and the unaudited financials are included for your review, so just let me know if you have any questions.

On MOTION by Mr. Griest seconded by Mr. Durant with all in favor, the Check Register and the unaudited financials were approved.

SEVENTH ORDER OF BUSINESS	Supervisors	Requests	and
Audience Comments
Mr. Gill: Next is Supervisor’s requests and audience comments. There are no members of the public present in person or online. Supervisors, do you have any requests for staff?
Mr. Griest: I assume we’re not going to meet for the December meeting?
Mr. Gill: We are not, the next meeting will be early next year most likely and I’ll be presenting draft budget for you all.
Mr. Conroy: Wonderful.

EIGHTH ORDER OF BUSINESS	Adjournment
Mr. Gill: I’m just looking for a motion to adjourn.

On MOTION by Mr. Conroy seconded by Mr. Griest with all in favor, the Meeting was adjourned.

Secretary /Assistant Secretary	Chairman / Vice Chairman

Although the minutes accurately reflect the discussions, certain comments may not be attributed to the correct speaker. If necessary, a recording is available to confirm speakers.

RESOLUTION 2026-03

A RESOLUTION OF THE PINE AIR LAKES COMMUNITY DEVELOPMENT DISTRICT APPROVING THE DISTRICT’S PROPOSED BUDGET FOR FISCAL YEAR 2027 AND SETTING A PUBLIC HEARING THEREON PURSUANT TO FLORIDA LAW

WHEREAS, the District Manager has prepared the proposed budget for the Fiscal Year 2027; and

WHEREAS, the Board of Supervisors approves the proposed budget for purpose of submitting said budget to the local governing authorities not less than 60 days prior to the public hearing date in accordance with Chapter 190.008(b), Florida Statutes: and

WHEREAS, the Board of Supervisors desires to set the public hearing date;

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE PINE AIR LAKES COMMUNITY DEVELOPMENT DISTRICT:

The proposed budget for Fiscal Year 2027 is hereby approved for the purpose of conducting a public hearing to adopt said budget.
A public hearing on said approved budget is hereby declared and set for the following date, hour and place:

Date: 		 Hour:	2:00 P.M.
Place: Offices of Coleman, Yovanovich & Koester, P.A.,  Northern Trust Bank Building		 4001 Tamiami Trail North, Suite 300	
Naples, Florida 34103

Notice of public hearing shall be published in accordance with Florida Law. Adopted this 	 day of 	, 2026

Chairman/Vice Chairman

Secretary/Assistant Secretary

Pine Air Lakes

Proposed Budget
Fiscal Year 2027

Presented by:

Table of Contents

1-2

3

4-5

6-7

	General Fund

	Allocation of Reserves

	Budget Narrative

	Debt Service Fund Series 2022

	Adopted Budget	Actuals Through	
Projected Next	Projected Through	Proposed Budget	
Description	Fiscal Year 2026	3/31/26	6 Months
 		9/30/26	Fiscal Year 2027	

REVENUES:						
Special Assessments - Tax Roll Interest Income	$  346,280
13,800	$  347,299
10,377	$	-
8,647	$	347,299
19,024	$	346,280
13,800	
TOTAL REVENUES	$ 360,080	$ 357,676	$	8,647	$ 366,323	$ 360,080	

EXPENDITURES:						
General and Administrative						
Supervisors Fees	$	6,000	$	800	$	4,000	$	4,800	$	6,000	
FICA Taxes	459	61	306	367	459	
Engineering	8,000	-	4,000	4,000	8,000	
Arbitrage Calculation	600	600	-	600	600	
Assessment Roll	300	300	-	300	300	
Attorney	8,000	1,284	4,667	5,950	8,000	
Disclosure Report	2,000	1,000	1,000	2,000	2,000	
Annual Audit	3,700	-	3,700	3,700	3,800	
Trustee Fees	8,345	2,813	938	3,751	4,251	
Management Fees	45,425	22,713	22,712	45,425	48,150	
Website Maintenance	1,500	750	750	1,500	1,500	
Postage and Delivery	500	108	119	227	500	
Printing and Binding	750	0	0	0	-	
Insurance General Liability	10,777	8,295	-	8,295	9,125	
Legal Advertising	1,500	626	875	1,501	1,500	
Other Current Charges	1,000	534	500	1,034	1,000	
Office Supplies	200	0	-	0	-	
Dues, Licenses and Subscriptions	175	175	-	175	175	
TOTAL GENERAL AND ADMINISTRATIVE	$  99,230	$  40,058	$	43,566	$	83,625	$	95,360	

Adopted Budget	Actuals Through	
Projected Next	Projected Through	Proposed Budget	
Description	Fiscal Year 2026	3/31/26	6 Months
 		9/30/26	Fiscal Year 2027	

Operations and Maintenance		
Landscape Maintenance	$	72,000	$	28,250	$	43,750	$	72,000	$	72,000	
Preserve Maintenance	5,000	3,100	3,700	6,800	6,800	
Tree Pruning and Replacement	9,500	1,890	7,610	9,500	9,500	
Irrigation Repairs and Maintenance	15,000	7,282	10,100	17,382	18,000	
Annual Plantings	20,000	9,990	10,010	20,000	20,000	
Electricity	3,000	1,255	1,750	3,005	3,000	
Lake Maintenance	8,341	4,184	4,211	8,395	8,759	
Field Management	26,709	13,355	13,354	26,709	28,311	
Reporting-SFWMD	4,800	2,400	2,400	4,800	4,800	
SFWMD Water Permit Renewal	7,500	-	7,500	7,500	7,500	
Contingency	-	1,550	-	1,550	5,000	
Reserves	89,000	-	89,000	89,000	81,050	
TOTAL OPERATIONS AND MAINTENANCE	$ 260,850	$  73,256	$	193,385	$ 266,641	$ 264,720	
						
TOTAL EXPENDITURES	$ 360,080	$ 113,314	$	236,952	$ 350,266	$ 360,080	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	$	-	$	35,706	$	-	$	35,706	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$  35,706	$	-	$	35,706		
						
EXCESS REVENUES (EXPENDITURES)	$	(0)	$ 280,067	$ (228,304)	$	51,763	$	(0)	

Exhibit "A" Allocation of Reserves

DESCRIPTION

Beginning Fund Balance - 10/1/25	$	417,291	
Net change in Fund Balance - Fiscal Year 2026	140,763	
Total Funds Available (Estimated) - 9/30/26	558,054	

ALLOCATION OF AVAILABLE FUNDS		
Funding for First Quarter Operating Expenses: (1)	(90,020)	
Reserved for Field Capital Projects / Renewal and Replacement:	(337,435)	
Total Allocation of Available Funds	(427,455)	
		
Total Unassigned Cash (Estimated) - 9/30/26	$	130,599	

Notes		
(1) Represents approximately 3 months of operating expenditures		
RESERVED FOR CAPITAL RESERVES / RENEWAL AND REPLACEMENT		
Beginning Balance - 4/1/26	$	248,435	
Increase of Reserves During Fiscal Year 2026	89,000	
Total Funds Available (Estimated) - 9/30/26	$	337,435	

RESERVED FOR CAPITAL RESERVES / RENEWAL AND REPLACEMENT		
Beginning Balance (Estimated) - 10/1/26	$	337,435	
Increase of Reserves During Fiscal Year 2027	81,050	
Total Funds Available (Estimated) - 9/30/27	$	418,485	

REVENUES

Special Assessments - Tax Roll
The District will levy a maintenance assessment on all assessable property within the district.
Interest Income
The District earns interest on the monthly average collected balance for each of its investment accounts.

Expenditures - General and Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend. The budgeted amount for the fiscal year is based on all supervisors attending 6 meetings.
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
Engineering
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
Arbitrage Calculation
The District is required to have an independent certified public accounting firm annually conduct an arbitrage rebate calculation on the Special Assessment Refunding Bonds, Series 2012. The annual fee is based on historical cost for this service.
Assessment Roll
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local tax collector and financial advisory services.
Attorney
The District’s attorney will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.
Disclosure Report
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.
Annual Audit
The District is required by Florida Statute to arrange for an annual audit of its financial records by an independent certified public accounting firm.
Trustee Fees
The District issued Series 2022 bonds that are deposited with a trustee at Regions Bank as well as Series 2012 bonds that are deposited with a trustee at US Bank. The annual trustee fee is based on prior year’s cost.
Management Fees
The District receives management, accounting and administrative services as part of a management agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the management agreement.
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Printing and Binding
This category includes expenses relating to the printing and binding of agenda packages for board meetings, accounts payable checks, stationary, envelopes, photocopies, etc.

Expenditures - General and Administrative (Continued)

Insurance General Liability
The District's general liability and public officials liability insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar community development districts.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the fiscal year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses and Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity Community Affairs for $175.

Expenditures – Operations and Maintenance

Landscaping Maintenance
The District has a contract with Stahlman-England to maintain the landscape within the district for a monthly fee of $4,708, $56,500 for the year.
Preserve Maintenance
The District has contracts with Woods & Wetlands and Stahlman-England to maintain the preserve area within the district.

Tree Pruning and Replacement
The pruning and replacement of trees, plants, shrubs, etc. will be provided on an as needed basis.
Irrigation Repairs and Maintenance
The District has a contract with Stahlman-England to maintain the irrigation system.

Annual Plantings
The annual plantings will be provided throughout the District on an as needed basis, as approved by the Board.
Electricity
The District incurs electrical costs billed by Florida Power and Light.

Lake Maintenance
The District has contracted with Solitude Lake Management to provide lake maintenance services to all the lakes within the District.

Field Management
The includes the supervision and on-site management of the District. The responsibilities will include reviewing contracts and other maintenance related items.

Reporting-SFWMD
RMA GeoLogic Consultants provides quarterly compliance reports of the withdrawals from wells and surface water pumps to the South Florida Water Management District. The monthly amount is $400, annual amount is $4,800.

SFWMD Water Permit Renewal
Costs associated with water permit renewal for South Florida Water Management District.

Contingency
Unanticipated repairs or maintenance that may need to be done during the fiscal year.

Reserves
Funds set aside for a future use for repairs and improvements.

Proposed Budget
Debt Service Series 2022 Special Assessment Refunding Bonds

	Adopted		Actuals				Projected		Proposed	
	Budget		Through	Projected Next		Through		Budget	
Description		Fiscal Year 2026		3/31/26		6 Months		9/30/26		Fiscal Year 2027	

REVENUES:											
Special Assessments - Tax Roll	$	216,298	$	216,350	$	-	$	216,350	$	216,298	
Interest Income		-		3,344		600		3,944		-	
Carry Forward Surplus (1)		106,400		-		108,977		108,977		114,007	
TOTAL REVENUES	$	322,698	$	219,694	$	109,577	$	329,271	$	330,305	

EXPENDITURES:											
Interest - 11/1	$	50,132	$	50,132	$	-	$	50,132	$	47,760	
Interest - 5/1		50,132		-		50,132		50,132		47,760	
Principal - 5/1		115,000		-		115,000		115,000		120,000	
TOTAL EXPENDITURES	$	215,264	$	50,132	$	165,132	$	215,264	$	215,520	

EXCESS REVENUES (EXPENDITURES)	$	107,434	$	169,562	$	(55,555)	$	114,007	$	114,785	

(1) Carry Forward is Net of Reserve Requirement						
Interest Due 11/1/27		
$45,285	
										$45,285	

Amortization Schedule
Debt Service Series 2022 Special Assessment Refunding Bonds

Period	Outstanding Balance	Principal	Interest	Total	

05/01/26	
$	
2,205,000	
$	
115,000  $	
50,132	
$	
-	
11/01/26	2,090,000		-	47,760	212,892	
05/01/27	2,090,000	120,000	47,760		
11/01/27	1,970,000		-	45,285	213,045	
05/01/28	1,970,000	125,000	45,285		
11/01/28	1,845,000		-	42,473	212,758	
05/01/29	1,845,000	130,000	42,473		
11/01/29	1,715,000		-	39,548	212,020	
05/01/30	1,715,000	140,000	39,548		
11/01/30	1,575,000		-	36,398	215,945	
05/01/31	1,575,000	145,000	36,398		
11/01/31	1,430,000		-	33,135	214,533	
05/01/32	1,430,000	150,000	33,135		
11/01/32	1,280,000		-	29,760	212,895	
05/01/33	1,280,000	160,000	29,760		
11/01/33	1,120,000		-	26,040	215,800	
05/01/34	1,120,000	165,000	26,040		
11/01/34	955,000		-	22,204	213,244	
05/01/35	955,000	175,000	22,204		
11/01/35	780,000		-	18,135	215,339	
05/01/36	780,000	180,000	18,135		
11/01/36	600,000		-	13,950	212,085	
05/01/37	600,000	190,000	13,950		
11/01/37	410,000		-	9,533	213,483	
05/01/38	410,000	200,000	9,533		
11/01/38	210,000		-	4,883	214,415	
05/01/39	210,000	210,000	4,883		
Total		$	2,205,000  $	788,334	$ 2,778,452	

FIELD REPORT

April 23, 2026, Board Meeting

LANDSCAPE MAINTENACE

Contracted Services – Stahlman-England Irrigation and Landscape Provided Services
Seasonal spring/summer floral annuals – ($9,990) – Completed.
Removal of Royal dead fronds (9) to avoid damaging annuals – ($1,423) – Completed.
Removal of additional dead medium size trees on Naples Blvd. – Completed
Monthly Inspections with Mark from Stahlman-England – Completed

LAKE MAINTENANCE

Contracted Services – Solitude Lake Management Provided Services

Although conditions have improved since the November 2025 Board meeting, consistent maintenance is still lacking.
Requested an onsite meeting with manager, but a technician was assigned instead, and despite follow‑ups, a meeting has not yet occurred.
PRESERVE MAINTENANCE

Stahlman-England Monthly Preserve Trash Removal – Completed

Southeast Land & Water Management Bi-Annual Maintenance – ($1,600) – Completed.

SERVICE ROAD

Caving Road Area – Pending contractor repair proposal after onsite visual inspection.

SOUTHEAST LAND & WATER MANAGEMENT BI-ANNUAL MAINTENANCE REPORT

Pine Air Lakes
COMMUNITY DEVELOPMENT DISTRICT

Check Register

Date	Check Numbers	Amount	
	Checks		
11/13/25	2862-2866	$13,647.96	
11/19/25	2867	$1,472.30	
12/9/25	2868-2873	$22,782.95	
12/16/25	2874-2876	$510,491.18	
12/23/25	2877	$4,233.10	
1/14/26	2878-2882	$22,408.52	
2/6/26	2883-2887	$13,458.99	
3/4/26	2888-2893	$15,019.45	
3/17/26	2894-2895	$439.50	
3/31/26	2896	$6,890.33	
	TOTAL	$610,844.28	
			
Date	Check Numbers	Amount	
	ACH		
12/15/25	800003	$236.51	
1/16/26	800004	$229.67	
2/16/26	800005	$284.19	
3/18/26	800006	$251.43	
	TOTAL	$1,001.80	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/09/26	PAGE	1
*** CHECK NOS. 002862-002896	PINE AIR LAKES - GF
BANK A PINE AIR LAKES CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
11/13/25 00091 10/01/25 92699	202510 310-51300-49000	*	175.00
ANNUAL FEE 10/25

- -	-	-	-	-	-	- - - - -	
*						2,225.75	

FLORIDACOMMERCE	175.00 002862

11/13/25 00030	11/01/25	
	11/01/25	
	11/01/25	
	11/01/25	
	11/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
271	202511 320-54100-47600
FIELD SVCS 11/25
272	202511 310-51300-34000	*	3,785.42
MGMT FEE 11/25
272	202511 310-51300-31600	*	166.67
DISSEMINATION AGENT SVCS
272	202511 310-51300-35101	*	125.00
WEB ADMIN 11/25
272	202511 310-51300-42000	*	4.44
POSTAGE&DELIVERY 11/25

- - - - - - - -

GOVERNMENTAL MANAGEMENT SERVICES -	6,307.28 002863
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/13/25 00083 11/15/25 23-524-3 202511 320-54100-46803	*	400.00
DATA COLLECT/SVCS 11/25
RMA GEOLOGIC CONSULTANTS INC	400.00 002864
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/13/25 00076 11/02/25 PSI21970 202511 320-54100-46800	*	701.85
ANNUAL MAINT 11/25
SOLITUDE LAKE MANAGEMENT	701.85 002865
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/13/25 00050 10/27/25 30914	202510 320-54100-46200	*	4,708.33
LANDSCAPE MAINT 10/25
10/27/25 30915	202510 320-54100-46801	*	250.00
TRASH PICKING UP 10/25
10/28/25 30983	202510 320-54100-35000	*	705.50
MAINT 10/25
11/04/25 31096	202510 320-54100-35000	*	400.00
PUMP MAINT 10/25
STAHLMAN-ENGLAND	6,063.83 002866
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
11/19/25 00050 11/17/25 31321	202511 320-54100-35000	*	1,472.30
MAINT 11/25
STAHLMAN-ENGLAND	1,472.30 002867
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00004 11/18/25 210	202510 310-51300-31500	*	197.50
SVCS 10/25
12/08/25 211	202511 310-51300-31500	*	908.50
SVCS 11/25
COLEMAN YOVANOVICH & KOESTER P.A.	1,106.00 002868
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00029 10/01/25 10012025 202510 300-36300-10000	*	5,596.30
PROP APPRAISER FY25-26
PAL	PINE AIR LAKES JWASSERMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/09/26	PAGE	2
*** CHECK NOS. 002862-002896	PINE AIR LAKES - GF
BANK A PINE AIR LAKES CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
10/01/25 10012025 202510 300-20300-20000	*	3,486.21
PROP APPRAISER FY25-26
10/01/25 10012025 202510 700-36300-10000	*	3,486.21
PROP APPRAISER FY25-26
10/01/25 10012025 202510 700-13100-10000	*	3,486.21-PROP APPRAISER FY25-26
COLLIER COUNTY PROPERTY APPRAISER	9,082.51 002869
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00087 11/30/25 00074544 202511 310-51300-48000	*	625.50
LEGAL AD #11736335
GANNETT FLORIDA LOCALIQ	625.50 002870
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00030 12/01/25 273	202512 320-54100-47600	*	2,225.75
FIELD SVCS 12/25
12/01/25 274	202512 310-51300-34000	*	3,785.42
MGMT FEE 12/25
12/01/25 274	202512 310-51300-31600	*	166.67
DISSEMINATION AGENT SVCS
12/01/25 274	202512 310-51300-35101	*	125.00
WEBSITE ADMIN 12/25
12/01/25 274	202512 310-51300-42000	*	5.92
POSTAGE&DELIVERY 12/25
GOVERNMENTAL MANAGEMENT SERVICES -	6,308.76 002871
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00076 12/01/25 PSI22655 202512 320-54100-46800	*	701.85
MAINT 12/25
SOLITUDE LAKE MANAGEMENT	701.85 002872
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/09/25 00050 11/21/25 31444	202511 320-54100-46200	*	4,708.33
LANDSCAPE MAINT 11/25
11/21/25 31445	202511 320-54100-46801	*	250.00
TRASH PICKING 11/25
STAHLMAN-ENGLAND	4,958.33 002873
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 00080 12/16/25 12162025 202512 300-20300-20200	*	2,469.72
TRANSFER OF TAX RECEIPTS
12/16/25 121625	202512 300-20300-20200	*	207,621.46
TRANSFER OF TAX RECEIPTS
PINE AIR LAKES CDD	210,091.18 002874
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 00083 12/15/25 23-524-3 202512 320-54100-46803	*	400.00
DATA COLLECT/ SVCS 12/25
RMA GEOLOGIC CONSULTANTS INC	400.00 002875
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
12/16/25 00026 12/16/25 12162025 202512 300-15100-10000	*	300,000.00
TXFR EXCESS FUNDS
STATE BOARD OF ADMINISTRATION	300,000.00 002876
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
PAL	PINE AIR LAKES JWASSERMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/09/26	PAGE	3
*** CHECK NOS. 002862-002896	PINE AIR LAKES - GF
BANK A PINE AIR LAKES CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

320-54100-47700	*	1,550.00	
320-54100-35000	*	793.10	

12/23/25 00050 12/17/25 31935	202512
CLEAN UP 12/25 12/18/25 31952	202512
MAINT 12/25
12/18/25 31958	202512 320-54100-47200	*	1,890.00
TREE REMOVAL 12/25
STAHLMAN-ENGLAND	4,233.10 002877
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00035	1/12/26 01122026 202601 310-51300-42000	*	47.95
2025 TAX ROLL FIRST POST
COLLIER COUNTY TAX COLLECTOR	47.95 002878
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00030	1/01/26 275	202601 320-54100-47600	*	2,225.75
FIELD SVCS 01/26
1/01/26 276	202601 310-51300-34000	*	3,785.42
MGMT FEE 01/26
1/01/26 276	202601 310-51300-31600	*	166.67
DISSEMINATION AGENT SVCS
1/01/26 276	202601 310-51300-35101	*	125.00
WEBSITE ADMIN 01/26
1/01/26 276	202601 310-51300-42000	*	7.40
POSTAGE&DELIVERY 01/26
1/01/26 276	202601 310-51300-42500	*	.15
COPIES 01/26
GOVERNMENTAL MANAGEMENT SERVICES -	6,310.39 002879
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00083	9/15/25 23-524-2 202509 320-54100-46803	*	400.00
DATA COLLECT/SVCS 09/25
RMA GEOLOGIC CONSULTANTS INC	400.00 002880
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00076	1/02/26 PSI23340 202601 320-54100-46800	*	701.85
MAINT 01/26
SOLITUDE LAKE MANAGEMENT	701.85 002881
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/14/26 00050 12/31/25 32138	202512 320-54100-46200	*	4,708.33
LANDSCAPE MAINT 12/25
12/31/25 32139	202512 320-54100-46801	*	250.00
TRASH PICKING 12/25
12/31/25 32171	202512 320-54100-46202	*	9,990.00
INSTALL WINTER PLANTS
STAHLMAN-ENGLAND	14,948.33 002882
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/06/26 00003	1/27/26 91542276 202601 310-51300-42000	*	22.76
DELIVERY THRU 01/15/26
FEDEX	22.76 002883
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
PAL	PINE AIR LAKES JWASSERMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/09/26	PAGE	4
*** CHECK NOS. 002862-002896	PINE AIR LAKES - GF
BANK A PINE AIR LAKES CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

2/06/26 00030	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	
	2/01/26	

*	2,225.75		
*	3,785.42			
*	166.67			
*	125.00			
*	2.96			

277	202602 320-54100-47600
FIELD SVCS 02/26
278	202602 310-51300-34000
MGMT FEE 02/26
278	202602 310-51300-31600
DISSEMINATION AGENT SVCS
278	202602 310-51300-35101
WEBSITE ADMIN 02/26
278	202602 310-51300-42000
POSTAGE&DELIVERY 02/26
GOVERNMENTAL MANAGEMENT SERVICES -	6,305.80 002884
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/06/26 00083	1/15/26 23-524-3 202601 320-54100-46803	*	400.00
DATA COLLECTION/SVCS 1/26
RMA GEOLOGIC CONSULTANTS INC	400.00 002885
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/06/26 00076	2/02/26 PSI23979 202602 320-54100-46800	*	701.85
MAINT 02/26
SOLITUDE LAKE MANAGEMENT	701.85 002886
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/06/26 00050	1/28/26 32563	202601 320-54100-35000	*	400.00
PUMP MAINT 01/26
1/28/26 32569	202601 320-54100-35000	*	670.25
MAINT 01/26
1/28/26 32584	202601 320-54100-46200	*	4,708.33
LANDSCAPE MAINT 01/26
1/28/26 32585	202601 320-54100-46801	*	250.00
TRASH PICKING 01/26
STAHLMAN-ENGLAND	6,028.58 002887
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00004	2/23/26 212	202601 310-51300-31500	*	138.25
SVCS 01/26
COLEMAN YOVANOVICH & KOESTER P.A.	138.25 002888
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00030	3/01/26 279	202603 320-54100-47600	*	2,225.75
FIELD SVCS 03/26
3/01/26 280	202603 310-51300-34000	*	3,785.42
MGMT FEE 03/26
3/01/26 280	202603 310-51300-31600	*	166.67
DISSEMINATION AGENT SVCS
3/01/26 280	202603 310-51300-35101	*	125.00
WEBSITE ADMIN 03/26
3/01/26 280	202603 310-51300-51000	*	.15
OFFICE SUPPLIES 03/26
3/01/26 280	202603 310-51300-42000	*	9.03
POSTAGE&DELIVERY 03/26
GOVERNMENTAL MANAGEMENT SERVICES -	6,312.02 002889
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
PAL	PINE AIR LAKES JWASSERMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	4/09/26	PAGE	5
*** CHECK NOS. 002862-002896	PINE AIR LAKES - GF
BANK A PINE AIR LAKES CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
3/04/26 00083	2/15/26 23-524-3 202602 320-54100-46803	*	400.00
DATA COLLECT/ FEB SVCS
RMA GEOLOGIC CONSULTANTS INC	400.00 002890
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00076	3/02/26 PSI24655 202603 320-54100-46800	*	701.85
MAINT 03/26
SOLITUDE LAKE MANAGEMENT	701.85 002891
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00094	2/24/26 1873	202602 320-54100-46801	*	1,600.00
MAINT 02/26
SOUTHEAST LAND AND WATER MANAGMENT	1,600.00 002892
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/04/26 00050	2/25/26 33088	202602 320-54100-35000	*	909.00
IRRIGATION 02/26
2/28/26 33186	202602 320-54100-46801	*	250.00
TRASH PICKING 02/26
2/28/26 33187	202602 320-54100-46200	*	4,708.33
LANDSCAPE MAINT 02/26
STAHLMAN-ENGLAND	5,867.33 002893
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/17/26 00004	3/10/26 213	202602 310-51300-31500	*	39.50
SVCS 02/26
COLEMAN YOVANOVICH & KOESTER P.A.	39.50 002894
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/17/26 00083	3/15/26 23-524-3 202603 320-54100-46803	*	400.00
DATA COLLECT/SVCS 03/26
RMA GEOLOGIC CONSULTANTS INC	400.00 002895
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/26 00050	3/25/26 33598	202603 320-54100-35000	*	720.00
MAINT 03/26
3/25/26 33599	202603 320-54100-46200	*	4,708.33
LANDSCAPE MAINT 03/26
3/25/26 33600	202603 320-54100-46801	*	250.00
TRASH PICKING 03/26
3/30/26 33691	202603 320-54100-35000	*	1,212.00
REPAIR VALVE 03/26
STAHLMAN-ENGLAND	6,890.33 002896
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	610,844.28
TOTAL FOR REGISTER	610,844.28

PAL	PINE AIR LAKES JWASSERMAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER
BANK Z WELLS FARGO AUTOPAY		RUN	4/09/26		PAGE	1	
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS			AMOUNT		....CHECK..... AMOUNT	#	
12/15/25 00021 11/24/25 16577-11 202511 320-54100-48200	*
11/24/25 26063-11 202511 320-54100-48200	*			68.14
168.37			
SVCS 11/25
FLORIDA POWER & LIGHT (AUTOPAY)					236.51 800003	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/16/26 00021 12/23/25 16577-12 202512 320-54100-48200	*
12/23/25 26063-12 202512 320-54100-48200	*	-	- -	- - - - -

159.64	-	- - - - - - -	
SVCS 12/25
FLORIDA POWER & LIGHT (AUTOPAY)					229.67 800004	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
2/16/26 00021	1/26/26 16577-01 202601 320-54100-48200	*
1/26/26 26063-01 202601 320-54100-48200	*	-	- -	- - - - -

201.11	-	- - - - - - -	
SVCS 01/26
FLORIDA POWER & LIGHT (AUTOPAY)					284.19 800005	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/18/26 00021	2/25/26 16577-02 202602 320-54100-48200	*
2/25/26 26063-02 202602 320-54100-48200	*	-	- -	- - - - -

176.67	-	- - - - - - -	
SVCS 02/26
FLORIDA POWER & LIGHT (AUTOPAY)					251.43 800006	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	-	- -	- - - - -	-	- - - - - - -	

*** CHECK NOS. 800003-800006	PINE AIR LAKES - GF

SVCS 11/25

SVCS 12/25

70.03

SVCS 01/26

83.08

SVCS 02/26

74.76

TOTAL FOR BANK Z	1,001.80
TOTAL FOR REGISTER	1,001.80

PAL	PINE AIR LAKES JWASSERMAN

Pine Air Lakes
Community Development District

Unaudited Financial Reporting
March 31, 2026

Table of Contents

1		Balance Sheet	

2	
	General Fund	

3	
	Debt Service Fund Series 2012	

4	
	Debt Service Fund Series 2022	

5-6	
	Month to Month	

7	
	Long Term Debt Report	

8	
	Assessment Receipt Schedule	

	Balance Sheet March 31, 2026		
	General Fund	Debt Service Fund	Totals Governmental Funds	

Assets:
Cash:
Operating Account	

$	25,232	

$	-	

$	25,232	
Due from General Fund	-	13,828	13,828	
Investments:
State Board of Administration - Surplus	

320,513	

-	

320,513	
State Board of Administration - Reserves	248,435	-	248,435	
BankUnited Money Market	115,982	-	115,982	
Series 2022
Reserve	

-	

22,008	

22,008	
Revenue	-	269,810	269,810	
Interest	-	22	22	
Sinking	-	29	29	
Deposits-Electric	1,024	-	1,024	
Total Assets	$	711,186	$	305,697	$	1,016,883	

Liabilities:				
Due to Debt Service	$	13,828	$	-	$	13,828	
Total Liabilities	$	13,828	$	-	$	13,828	

Fund Balance:
Nonspendable:
Deposits	$	1,024
Restricted for:
Debt Service	-	

$	-

305,697	

$	1,024

305,697	
Unassigned	696,334	-	696,334	
Total Fund Balances	$	697,358	$	305,697	$	1,003,055	
				
Total Liabilities & Fund Balance	$	711,186	$	305,697	$	1,016,883	

General Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ended March 31, 2026

	Adopted	Prorated Budget	Actual		
	Budget	Through 03/31/26	Through 03/31/26	Variance	

Revenues:					
Special Assessments - Tax Roll	$	346,280	$	346,280	$	347,299	$	1,019	
Interest Income	13,800	6,900	10,377	3,477	
Total Revenues	$	360,080	$	353,180	$	357,676	$	4,496	

Expenditures:					
General and Administrative:					
Supervisors Fees	$	6,000	$	3,000	$	800	$	2,200	
FICA Taxes	459	230	61	168	
Engineering	8,000	4,000	-	4,000	
Arbitrage Calculation	600	600	600	-	
Assessment Roll	300	300	300	-	
Attorney	8,000	4,000	1,284	2,716	
Disclosure Report	2,000	1,000	1,000	(0)	
Annual Audit	3,700	1,850	-	1,850	
Trustee Fees	8,345	2,813	2,813	-	
Management Fees	45,425	22,712	22,713	(0)	
Website Maintenance	1,500	750	750	-	
Postage and Delivery	500	250	108	142	
Printing and Binding	750	375	0	375	
Insurance General Liability	10,777	10,777	8,295	2,482	
Legal Advertising	1,500	750	626	125	
Other Current Charges	1,000	500	534	(34)	
Office Supplies	200	100	0	100	
Dues, Licenses and Subscriptions	175	175	175	-	
Total General and Administrative	$	99,230	$	54,182	$	40,058	$	14,123	

Operations and Maintenance					
Landscape Maintenance	$	72,000	$	36,000	$	28,250	$	7,750	
Preserve Maintenance	5,000	2,500	3,100	(600)	
Tree Pruning and Replacement	9,500	4,750	1,890	2,860	
Irrigation Repairs and Maintenance	15,000	7,500	7,282	218	
Annual Plantings	20,000	20,000	9,990	10,010	
Electricity	3,000	1,500	1,255	245	
Lake Maintenance	8,341	4,171	4,184	(14)	
Field Management	26,709	13,354	13,355	(0)	
Reporting-SFWMD	4,800	2,400	2,400	-	
SFWMD Water Permit Renewal	7,500	3,750	-	3,750	
Contingency	-	-	1,550	(1,550)	
Reserves	89,000	44,500	-	44,500	
Total Operations & Maintenance	$	260,850	$	140,425	$	73,256	$	67,169	
					
Total Expenditures	$	360,080	$	194,607	$	113,314	$	81,293	
					
Excess (Deficiency) of Revenues over Expenditures	$	(0)	$	158,573	$	244,362	$	85,788	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	35,706	(35,706)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	35,706	$	(35,706)	
					
Net Change in Fund Balance	$	(0)	$	158,573	$	280,067	$	50,083	
					
Fund Balance - Beginning			$	417,290		
					
Fund Balance - Ending			$	697,357		

	Adopted	Prorated Budget	Actual		
	Budget	Through 03/31/26	Through 03/31/26	Variance	

Revenues:					
Special Assessments - Tax Roll	$	-	$	-	$	-	$	-	
Interest Income	1,000	500	635	135	
Total Revenues	$	1,000	$	500	$	635	$	135	

Expenditures:					
Interest - 11/1	$	6,600	$	-	$	-	$	-	
Interest - 5/1	6,600	-	-	-	
Principal - 5/1	440,000	-	-	-	
Total Expenditures	$	453,200	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(452,200)	$	500	$	635	$	135	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	(35,706)	$	(35,706)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(35,706)	$	(35,706)	
					
Net Change in Fund Balance	$	(452,200)	$	500	$	(35,071)	$	(35,571)	
					
Fund Balance - Beginning	$	480,224		$	40,170		
					
Fund Balance - Ending	$	28,024		$	5,099		

	Adopted	Prorated Budget	Actual		
	Budget	Through 03/31/26	Through 03/31/26	Variance	

Revenues:					
Special Assessments - Tax Roll	$	216,298	$	216,298	$	216,350	$	52	
Interest Income	-	-	3,344	3,344	
Total Revenues	$	216,298	$	216,298	$	219,694	$	3,396	

Expenditures:					
Interest - 11/1	$	50,132	$	50,132	$	50,132	$	(0)	
Interest - 5/1	50,132	-	-	-	
Principal - 5/1	115,000	-	-	-	
Total Expenditures	$	215,264	$	50,132	$	50,132	$	(0)	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,034	$	166,166	$	169,562	$	3,396	
					
Fund Balance - Beginning	$	106,400		$	131,036		
					
Fund Balance - Ending	$	107,434		$	300,598		

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

Revenues:														
Special Assessments - Tax Roll	$	-	$ 154,390  $	178,972	$	6,953	$	-	$	6,984	$	-	$	-	$	-	$	-	$	-	$	-	$	347,299	
Interest Income	1,329	1,229	1,488	2,191	1,964	2,176	-	-	-	-	-	-	10,377	
Total Revenues	$	1,329	$ 155,619  $ 180,460	$	9,144	$	1,964  $	9,160	$	-	$	-	$	-	$	-	$	-	$	-	$ 357,676	

Expenditures:						
General and Administrative:						
Supervisors Fees	$	-	$	-	$	800	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	800	
FICA Taxes	-	-	61	-	-	-	-	-	-	-	-	-	61	
Engineering	-	-	-	-	-	-	-	-	-	-	-	-	-	
Arbitrage Calculation	600	-	-	-	-	-	-	-	-	-	-	-	600	
Assessment Roll	300	-	-	-	-	-	-	-	-	-	-	-	300	
Attorney	198	909	-	138	40	-	-	-	-	-	-	-	1,284	
Disclosure Report	167	167	167	167	167	167	-	-	-	-	-	-	1,000	
Annual Audit	-	-	-	-	-	-	-	-	-	-	-	-	-	
Trustee Fees	2,813	-	-	-	-	-	-	-	-	-	-	-	2,813	
Management Fees		3,785		3,785	3,785		3,785		3,785	3,785		-			-			-			-			-			-		22,713	
Website Maintenance		125		125	125		125		125	125		-			-			-			-			-			-		750	
Postage and Delivery		7		4	6		78		3	9		-			-			-			-			-			-		108	
Printing and Binding		-		-	-		0		-	-		-			-			-			-			-			-		0	
Insurance General Liability		8,295		-	-		-		-	-		-			-			-			-			-			-		8,295	
Legal Advertising		-		626	-		-		-	-		-			-			-			-			-			-		626	
Other Current Charges		117		120	56		50		92	100		-			-			-			-			-			-		534	
Office Supplies		0		-	-		-		-	-		-			-			-			-			-			-		0	
Dues, Licenses and Subscriptions		175		-	-		-		-	-		-			-			-			-			-			-		175	
Total General & Administrative	$	16,582	$	5,736  $	5,001	$	4,344	$	4,211  $	4,186	$		-	$		-	$		-	$		-	$		-	$		-  $	40,058	

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

Operations & Maintenance		
Field Expenditures
Landscape Maintenance	

$	4,708	

$	4,708	

$	4,708	

$	4,708	

$	4,708	

$	4,708	

$	-	$	-	$	-	$	-	$	-	$	-	$  28,250	
Preserve Maintenance	250	250	250	250	1,850	250	-	-	-	-	-	-	3,100	
Tree Pruning and Replacement	-	-	1,890	-	-	-	-	-	-	-	-	-	1,890	
Irrigation Repairs and Maintenance	1,106	1,472	793	1,070	909	1,932	-	-	-	-	-	-	7,282	
Annual Plantings	-	-	9,990	-	-	-	-	-	-	-	-	-	9,990	
Electricity	253	237	230	284	251	-	-	-	-	-	-	-	1,255	
Lake Maintenance	675	702	702	702	702	702	-	-	-	-	-	-	4,184	
Field Management	2,226	2,226	2,226	2,226	2,226	2,226	-	-	-	-	-	-	13,355	
Reporting-SFWMD	400	400	400	400	400	400	-	-	-	-	-	-	2,400	
SFWMD Water Permit Renewal	-	-	-	-	-	-	-	-	-	-	-	-	-	
Contingency	-	-	1,550	-	-	-	-	-	-	-	-	-	1,550	
Total Operations & Maintenance	$	9,618	$	9,995	$  22,739	$	9,640	$  11,046	$  10,218	$	-  $	-  $	-  $	-  $	-  $	-  $  73,256	
								
Total Expenditures	$  26,199	$  15,731	$  27,739	$  13,984	$  15,257	$  14,404	$	-  $	-  $	-  $	-  $	-  $	-  $ 113,314	
								
Excess (Deficiency) of Revenues over Expenditures	$ (24,870)	$ 139,889	$ 152,721	$  (4,840)	$ (13,293)	$  (5,244)	$	-  $	-  $	-  $	-  $	-  $	-  $ 244,362	

Other Financing Sources/Uses:								

Transfer In/(Out)	
$	-	$	-	$	-	$  35,706	
$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  35,706	
Total Other Financing Sources/Uses	$	-  $	-  $	-  $  35,706	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  35,706	

Net Change in Fund Balance	$ (24,870)  $ 139,889  $  152,721  $  30,865  $ (13,293)  $  (5,244)  $	-  $	-  $	-  $	-  $	-  $	-  $ 280,067

Pine Air Lakes
Community Development District Long Term Debt Report

Original Amount:

Interest Rate: Maturity Date:

Bonds Outstanding - 9/30/25 Less:	Series 2022, Special Assessment Refunding Bonds
$2,525,000 4.125% - 4.650%
5/1/27 - 5/1/39

May 1, 2026 (Mandatory)	

$2,205,000
-	
Current Bonds Outstanding	$2,205,000	

Total Current Bonds Outstanding	$2,205,000

Pine Air Lakes
COMMUNITY DEVELOPMENT DISTRICT

	Gross Assessments	$  374,356.79	$	233,205.54	$	607,562.33	
	Net Assessments	$  355,638.95	$	221,545.26	$	577,184.21	
ON ROLL ASSESSMENTS	
Allocation in %	
61.62%	
38.38%		
100.00%	

Special Assessment Receipts - Collier County

Date	Distribution	Gross Amount	Discount/ Penalty	Commission	Property Appraiser	Interest	Net Receipts	O&M Portion	2022 Debt Service	Total	
10/01/25	COLLIER COUNTY ADMIN FEES	$	-	$	-	$	-	$	9,082.51	$	-	$	(9,082.51)	$	(5,596.30)	$	(3,486.21)	$	(9,082.51)	
11/13/25	11/1/25-11/9/25	1,891.05	75.63	36.31	-	-	1,779	1,096.22	682.89	1,779.11	
11/20/25	11/10/25-11/17/25	258,520.99	10,340.85	4,963.60	-	-	243,217	149,860.78	93,355.76	243,216.54	
11/26/25	11/18/25-11/23/25	15,921.16	636.84	305.69	-	-	14,979	9,229.26	5,749.37	14,978.63	
12/05/25	11/24/25-11/30/25	138,585.28	5,543.40	2,660.84	-	-	130,381	80,335.84	50,045.20	130,381.04	
12/11/25	12/1/25-12/7/25	169,681.34	6,787.25	3,257.88	-	-	159,636	98,361.76	61,274.45	159,636.21	
12/23/25	UND COLLIER COUNTY ADMIN F	-	-	-	(446.10)	-	446	274.87	171.23	446.10	
01/08/26	12/15/25-12/31/25	11,614.21	348.42	225.31	-	-	11,040	6,802.72	4,237.76	11,040.48	
01/08/26	INTEREST	-	-	-	-	243.69	244	150.15	93.54	243.69	
03/10/26	2/1/26-2/28/26	11,348.19	113.48	224.70	-	-	11,010	6,783.95	4,226.06	11,010.01	
	TOTAL	$ 607,562.22	$	23,845.87	$ 11,674.33		$ 243.69	$	563,649.30	$  347,299.25	$	216,350.05	$	563,649.30	

$

100.00%
0

Percent Collected
Balance Remaining to Collect