Midtown Improvement District
3501 Quadrangle Boulevard, Suite 270, Orlando, FL 32817; Phone: 407-723-5900
https://midtownid.com

The following is the proposed agenda for the upcoming Meeting of the Board of Supervisors for the Midtown Improvement District (“District”), scheduled to be held at 3:30 p.m. on Tuesday, March 10, 2026, at 6900 Tavistock Lakes Blvd., Ste. 200, Orlando, FL 32827. A quorum will be confirmed prior to the start of the meeting.

District Staff, please use the following information to join via the computer or the conference line: Phone: 1-844-621-3956	Computer: pfmcdd.webex.com	Participant Code: 2531 126 0013#
BOARD OF SUPERVISORS’ MEETING AGENDA

Organizational Matters
Roll Call to Confirm Quorum
Public Comment Period
Consideration of the Minutes of the February 17, 2026, Board of Supervisors’ Meeting

Business Matters
Consideration of Proposals for Trail Repairs (provided under separate cover)
Ratification of Operation and Maintenance Expenditures Paid in February 2026 in an amount totaling $26,109.64
Recommendation of Work Authorizations/Proposed Services (if applicable)
Review of District Financials

Other Business
Staff Reports
District Counsel
District Manager
District Engineer
Construction Supervisor
Landscape Supervisor
Irrigation Supervisor
Supervisor Requests

Adjournment

Midtown Improvement District

Minutes of the February 17, 2026, Board of Supervisors’ Meeting

MIDTOWN IMPROVEMENT DISTRICT BOARD OF SUPERVISORS’ MEETING MINUTES

FIRST ORDER OF BUSINESS	Roll Call to Confirm a Quorum

The Board of Supervisors’ Meeting for the Midtown Improvement District was called to order on Tuesday, February 17, 2026, at 3:30 p.m. at 6900 Tavistock Lakes Blvd., Ste. 200, Orlando, FL 32827.
Present:

Richard Levey Rob Adams
Brent Schademan Ron Domingue Damon Ventura
Also Attending:

Chair
Vice Chair Assistant Secretary Assistant Secretary Assistant Secretary

Jennifer Walden Lynne Mullins Amanda Lane Blake Firth Brent Wilder Tucker Mackie

PFM PFM PFM PFM PFM
Kutak Rock

(via phone) (via phone) (via phone) (via phone) (via phone)

Bob Schanck Jeff Newton Dan Young Will Stafford Rudy Bautista
Samantha Sharenow Carlos Negron
Eddie Padua Pete Fussell

Donald W. McIntosh Associates Donald W. McIntosh Associates Tavistock
Tavistock Tavistock
Berman	(via phone) Berman
Berman Berman

SECOND ORDER OF BUSINESS	Public Comment Period

Dr. Levey called for public comments and noted there were no public comments.

THIRD ORDER OF BUSINESS	Consideration of the Minutes of the January 20, 2026, Board of Supervisors’ Meeting

The Board reviewed the minutes of the January 20, 2026, Board of Supervisors’ Meeting.

FOURTH ORDER OF BUSINESS	Discussion	of	Construction Committee Member Vacancy

Ms. Walden stated there was a recommendation to nominate Mr. Howard Williams to fill the vacancy.

On motion by Mr. Schademan, seconded by Mr. Ventura, with all in favor, the Board of Supervisors for the Midtown Improvement District approved the appointment of Mr. Howard Williams to the Construction Committee.

FIFTH ORDER OF BUSINESS	Consideration of Interlocal Agreement for Right-of-Way Maintenance with the City of Orlando

Ms. Mackie gave an overview of the Interlocal Agreement which provides for enhancements of right-of-way improvements with the City of Orlando for areas that were previously in the Greeneway ID and are now in the Midtown ID.

On motion by Mr. Schademan, seconded by Mr. Domingue, with all in favor, the Board of Supervisors for the Midtown Improvement District approved the Interlocal Agreement for Right-of-Way Maintenance with the City of Orlando in substantial form, with authorization for the Chair to execute the final form pending any necessary changes.

SIXTH ORDER OF BUSINESS	Consideration of OUC Lighting Installation, Upgrade and Service Agreement for Centerline Drive Segments C & D

Mr. Young explained this is an agreement to reflect the additional lighting for the roundabout and the extension of Centerline Drive.

SEVENTH ORDER OF BUSINESS	Consideration of Proposals for Trail Repairs

Mr. Padua gave an update that the request for proposals was sent to five vendors but none were able to submit their proposal in time for today’s meeting. These items will be brought to the Board at the March meeting. He noted that any urgent items will be addressed with the District Manager and the Chair.

EIGHTH ORDER OF BUSINESS	Consideration of District Engineer Fee Schedule Increase Letter

Mr. Newton gave an overview of the letter and fee schedule. He noted the last fee increase was in 2021 and the increase is approximately 15%.

On motion by Mr. Domingue, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Midtown Improvement District approved the District Engineer Fee Schedule Increase Letter.

NINTH ORDER OF BUSINESS	Ratification Maintenance January 2026
$32,878.00	of Operation and Expenditures Paid in in an amount totaling	
The Board reviewed O&M Expenditures paid in January 2026.		

On motion by Mr. Schademan, seconded by Mr. Ventura, with all in favor, the Board of Supervisors for the Midtown Improvement District ratified the Operation and Maintenance Expenditures paid in January 2026 in an amount totaling $32,878.00.

TENTH ORDER OF BUSINESS	Recommendation	of	Work Authorization/Proposed Services

Ms. Walden stated there is a Work Authorization from Cepra in the amount of $1,900.00 for the removal and replacement of a dead Live Oak along Nemours Parkway.

On motion by Mr. Ventura, seconded by Mr. Adams, with all in favor, the Board of Supervisors for the Midtown Improvement District approved the Work Authorization with Cepra in the amount of $1,900.00 for the removal and replacement of a dead Live Oak along Nemours Parkway.

ELEVENTH ORDER OF BUSINESS	Review of District’s Financials

Ms. Walden noted the financials are updated through the end of January. The District has spent approximately 21% of the adopted budget so far. No action is required.

TWELFTH ORDER OF BUSINESS	Staff Reports

District Counsel –	No report.	
District Manager –	Ms. Walden noted the next meeting is scheduled for Tuesday, March 10,	
	2026.	

District Engineer –	No report. Construction Supervisor – No report. Landscape Supervisor –	No report. Irrigation Supervisor –	No report.

THIRTEENTH ORDER OF BUSINESS	Supervisor Requests

There were no Supervisor requests.

FOURTEENTH ORDER OF BUSINESS	Adjournment

On motion by Mr. Schademan, seconded by Mr. Domingue, with all in favor, the February 17, 2026, Meeting of the Board of Supervisors for the Midtown Improvement District was adjourned.

Secretary/Assistant Secretary	Chair/Vice Chair

Proposals for Trail Repairs
(provided under separate cover)

Operation and Maintenance Expenditures Paid in February 2026 in an amount totaling $26,109.64

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

Operation and Maintenance Expenditures For Board Approval

Attached please find the check register listing Operations and Maintenance expenditures paid from February 1, 2026 through February 28, 2026. This does not include expenditures previously approved by the Board.

The total items being presented:    $26,109.64

Approval of Expenditures:

	 Chairman

	 Vice Chairman

	 Assistant Secretary

AP Check Register (Current by Bank)
Check Dates: 2/1/2026 to 2/28/2026

Check No.	Date	Status*	Vendor ID	Payee Name	Amount

BANK ID: OM9019 - CIT( NATIONAL BANK	001-101-0000-00-01

1588		P	B)RMAN	Ber#an Construction		$1&139(99	
1589		P	C)PRA	Ce+ra ,andsca+e		$11&371(75	
1590		P	OR,1)N	Orlando 1entinel		$219(50	
1591	02/11	P	P2M	P2M 3rou+ Consulting		$2&916(67	
1592	18/26	P	A4CON	A4CON		$1&947(18	
1593	18/26	P	BCID	Boggy Creek I#+ro6e#ent Distri		$47(65	
1594	18/26	P	DONMC	Donald W McIntosh Associates		$9&136(50	
1595		P	C)PRA	Ce+ra ,andsca+e		$1&227(00	
1596		P	B1C8AD	Brent 1chade#an		$200(00	
1597		P	DONMC	Donald W McIntosh Associates		$384(43	
1598		P	D4)N9:	Da#on 4entura		$200(00	
1599		P	RADAM1	Rob Ada#s		$200(00	
1600		P	RDOMIN	Ron Do#ingue		$200(00	
1601		P	R,)4);	Richard ,e6ey		$200(00	
					BANK OM9019 REGISTER TOTAL:	$29,390.67	
BANK ID: OM-ACH - CIT( NATIONAL BANK - ACH 4 5IRES	001-101-0000-00-01	
70051		M	43,OBA	43lobal9ech		$170(00	
70052	10/26	M	BCID	Boggy Creek I#+ro6e#ent Distri		$3&032(65	
70053		M	O:C	Orlando :tilities Co##ission		$4&477(65	
70054	3/26	M	43,OBA	43lobal9ech		$170(00	
					BANK OM-ACH REGISTER TOTAL:	$7,850.30	
					GRAND TOTAL :	$37,240.97	

* Check Status Types: "P" - Printed ; "M" - Manual ; "V" - Void ( Void Date ); "A" - Application; "E" - EFT
** Denotes broken check sequence.

BANK:	OM9019	CHECK:	1588	AMOUNT:	$1,139.99	DATE:	02/02/26	VEND ID:	BERMAN			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/01/26
01/01/26	93843
93843			PA 209 - Jan. irrigation speci PA 209 - Jan. administrator se				$0.00
$0.00		$633.33
$506.66	

BANK:	
OM9019	
CHECK:	
1589	TOTALS:
AMOUNT:	
$11,371.75	
DATE:	
02/02/26	
VEND ID:	$0.00
CEPRA		$1,139.99	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/01/26
01/01/26
01/01/26	O-S9399 O-S9399 O-S9399			PA 208 - Jan. Sec. 1 landscapi PA 208 - Jan. Sec. 2 landscapi PA 208 - Jan. Sec. 3 landscapi				$0.00
$0.00
$0.00		$1,949.50
$7,571.50
$1,850.75	

BANK:	
OM-ACH	
CHECK:	
70051	TOTALS:
AMOUNT:	
$170.00	
DATE:	
02/06/26	
VEND ID:	$0.00
VGLOBA		$11,371.75	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/01/26	8115			PA 211 - Jan. website maint.				$0.00		$170.00	
				TOTALS:					$0.00		$170.00	
BANK:	OM9019	CHECK:	1590	AMOUNT:	$219.50	DATE:	02/06/26	VEND ID:	ORLSEN			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/18/26	OSC131403780		PA 211 - Ad: 7905095 ; 01/20/2				$0.00		$219.50	
				TOTALS:					$0.00		$219.50	
BANK:	OM-ACH	CHECK:	70052	AMOUNT:	$3,032.65	DATE:	02/10/26	VEND ID:	BCID			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/31/26
01/31/26
01/31/26
01/31/26	ICM2026-04 ICM2026-04 ICM2026-04 ICM2026-04		PA 212 - Jan. ICM - Aquatics PA 212 - Jan. ICM - Landscapin PA 212 - Jan. ICM - Lighting
PA 212 - Jan. ICM - Reclaimed				$0.00
$0.00
$0.00
$0.00		$100.19
$2,881.20
$25.81
$25.45	

BANK:	
OM9019	
CHECK:	
1591	TOTALS:
AMOUNT:	
$2,916.67	
DATE:	
02/11/26	
VEND ID:	$0.00
PFM		$3,032.65	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
02/05/26	DM-02-2026-43		PA 212 - DM fee: Feb. 2026				$0.00		$2,916.67	

BANK:	
OM9019	
CHECK:	
1592	TOTALS:
AMOUNT:	
$1,947.18	
DATE:	
02/18/26	
VEND ID:	$0.00
AVCON		$2,916.67	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/23/26	132672			FR 135 - Centerline Drive Seg				$0.00		$1,947.18	

BANK:	
OM9019	
CHECK:	
1593	TOTALS:
AMOUNT:	
$47.65	
DATE:	
02/18/26	
VEND ID:	$0.00
BCID		$1,947.18	
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
12/31/25	OSC130163081		FR 133 - Ad: 7894186 split 5 w				$0.00		$47.65	
				TOTALS:					$0.00		$47.65	
BANK:	OM9019	CHECK:	1594	AMOUNT:	$9,136.50	DATE:	02/18/26	VEND ID:	DONMC			
Date	Invoice Number		Invoice Description					Discount Taken		Amount Paid	
01/23/26	48414			FR 134 - Centerline Drive - Se				$0.00		$9,136.50	

BANK:	
OM-ACH	
CHECK:	
70053	TOTALS:
AMOUNT:	
$4,477.65	
DATE:	
02/20/26	
VEND ID:	$0.00
OUC		$9,136.50	
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/04/26
02/04/26
02/04/26
02/04/26	93173-020426
93173-020426
93173-020426
93173-020426		PA 212 - 01/02/2026 - 02/02/20 PA 212 - 01/02/2026 - 02/02/20 PA 212 - 01/02/2026 - 02/02/20 PA 212 - 01/02/2026 - 02/02/20				$0.00
$0.00
$0.00
$0.00		$50.71
$452.64
$3,906.49
$67.81	
			TOTALS:				$0.00		$4,477.65	

BANK:	OM-ACH	CHECK:	70054	AMOUNT:  $170.00	DATE:	02/23/26	VEND ID:	VGLOBA			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/01/26	8195		PA 213 - Feb. website maint.				$0.00		$170.00	
			TOTALS:				$0.00		$170.00	
BANK:	OM9019	CHECK:	1595	AMOUNT:  $1,227.00	DATE:	02/24/26	VEND ID:	CEPRA			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
12/31/25
12/31/25	O-S9446 O-S9461		PA 213 - Dec. Doisy controller PA 213 - Dec. Centerline Dr ma				$0.00
$0.00		$477.00
$750.00	

BANK:	
OM9019	CHECK:	
1596	TOTALS:
AMOUNT:  $200.00	
DATE:	
02/26/26	
VEND ID:	$0.00
BSCHAD		$1,227.00	
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/17/26	2026.02.17		PA 214 - Supervisor fee 2026.0				$0.00		$200.00	
			TOTALS:				$0.00		$200.00	
BANK:	OM9019	CHECK:	1597	AMOUNT:  $384.43	DATE:	02/26/26	VEND ID:	DONMC			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/20/26	48547		PA 214 - Eng. srvs. thru 01/30				$0.00		$384.43	
			TOTALS:				$0.00		$384.43	
BANK:	OM9019	CHECK:	1598	AMOUNT:  $200.00	DATE:	02/26/26	VEND ID:	DVENTU			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/17/26	2026.02.17		PA 214 - Supervisor fee 2026.0				$0.00		$200.00	
			TOTALS:				$0.00		$200.00	
BANK:	OM9019	CHECK:	1599	AMOUNT:  $200.00	DATE:	02/26/26	VEND ID:	RADAMS			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/17/26	2026.02.17		PA 214 - Supervisor fee 2026.0				$0.00		$200.00	
			TOTALS:				$0.00		$200.00	
BANK:	OM9019	CHECK:	1600	AMOUNT:  $200.00	DATE:	02/26/26	VEND ID:	RDOMIN			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/17/26	2026.02.17		PA 214 - Supervisor fee 2026.0				$0.00		$200.00	
			TOTALS:				$0.00		$200.00	
BANK:	OM9019	CHECK:	1601	AMOUNT:  $200.00	DATE:	02/26/26	VEND ID:	RLEVEY			
Date	Invoice Number		Invoice Description				Discount Taken		Amount Paid	
02/17/26	2026.02.17		PA 214 - Supervisor fee 2026.0				$0.00		$200.00	
			TOTALS:				$0.00		$200.00	

Work Authorizations / Proposed Services
(if applicable)

District Financials

Midtown Improvement District
February 2026 Financial Package

February 28, 2026

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

Midtown Improvement District Statement of Financial Position As of 2/28/2026	
	
General Fund		
Capital Projects Fund			
Total	
	
Assets						
Current Assets							
General Checking Account	$	42,048.46				$	42,048.46	
Infrastructure Capital Reserve	34,406.19					34,406.19	
Interchange Maintenance Reserve	4,876.82					4,876.82	
Accounts Receivable - Due from Developer			$	2,526.55			2,526.55	
Total Current Assets	$	81,331.47		$	2,526.55		$	83,858.02	
Total Assets	$	81,331.47		$	2,526.55		$	83,858.02	

Liabilities and Net Assets	
Current Liabilities							
Accounts Payable	$	18,395.74				$	18,395.74	
Due To Other Governmental Units	3,027.38					3,027.38	
Accounts Payable			$	2,526.55			2,526.55	
Deferred Revenue			2,526.55			2,526.55	
Total Current Liabilities	$	21,423.12		$	5,053.10		$	26,476.22	
Total Liabilities	$	21,423.12		$	5,053.10		$	26,476.22	

Net Assets
Net Assets - General Government
Current Year Net Assets - General Government	

$	61,256.41				

$	

61,256.41	
	(1,348.06)					(1,348.06)	

Current Year Net Assets, Unrestricted			
$	(2,526.55)			
(2,526.55)	
Total Net Assets	$	59,908.35		$	(2,526.55)		$	57,381.80	
							
Total Liabilities and Net Assets	$	81,331.47		$	2,526.55		$	83,858.02	

Page 1 of 6

Midtown Improvement District
Statement of Activities As of 2/28/2026	
	
General Fund	Capital Projects Fund		
Total	
Revenues					
Developer Contributions	$ 134,852.74		$	134,852.74	
Developer Contributions		$	26,524.63		26,524.63	
Total Revenues	

$ 134,852.74	

$	26,524.63	$	161,377.37	
Expenses					
Supervisor Fees	$	2,800.00		$	2,800.00	
Public Officials' Liability Insurance	2,743.00			2,743.00	
Management	14,583.35			14,583.35	
Engineering	1,524.78			1,524.78	
District Counsel	694.50			694.50	
Postage & Shipping	0.74			0.74	
Legal Advertising	718.43			718.43	
Web Site Maintenance	1,150.00			1,150.00	
Holiday Decorations	750.00			750.00	
Dues, Licenses, and Fees	175.00			175.00	
Electric	202.83			202.83	
Water Reclaimed	2,352.05			2,352.05	
General Insurance	3,353.00			3,353.00	
Property & Casualty	495.00			495.00	
Other Insurance	500.00			500.00	
Irrigation	5,783.50			5,783.50	
Landscaping Maintenance & Material	56,858.75			56,858.75	
Contingency	270.53			270.53	
IME - Aquatics Maintenance	500.95			500.95	
IME - Irrigation	180.42			180.42	
IME - Landscaping	14,406.00			14,406.00	
IME - Lighting	96.75			96.75	
IME - Miscellaneous	36.59			36.59	
IME - Water Reclaimed	133.93			133.93	
Pest Control	579.50			579.50	
Entry and Wall Maintenance	1,550.00			1,550.00	
Hardscape Maintenance	3,850.00			3,850.00	
Streetlights	15,579.66			15,579.66	
Personnel Leasing Agreement	5,699.95			5,699.95	
Engineering		$	26,902.92		26,902.92	
Legal Advertising		201.08		201.08	
Contingency		1,947.18		1,947.18	
Total Expenses	

$ 137,569.21	

$	29,051.18	$	166,620.39	

Page 2 of 6

Midtown Improvement District
Statement of Activities As of 2/28/2026	
	
General Fund		Capital Projects Fund			
Total	
Other Revenues (Expenses) & Gains (Losses)
Interest Income
Total Other Revenues (Expenses) & Gains (Losses)	

$	1,368.41

$	1,368.41		

$	-		

$
$	

1,368.41
1,368.41	
Change In Net Assets	$	(1,348.06)		$	(2,526.55)		$	(3,874.61)	
Net Assets At Beginning Of Year	$	61,256.41		$	-		$	61,256.41	

Net Assets At End Of Year	
$	
59,908.35		
$	(2,526.55)		
$	
57,381.80	

Page 3 of 6

Midtown Improvement District
Budget to Actual
For the Month Ending 2/28/2026

FY 2026

YTD Actual		YTD Budget	YTD Variance	Adopted Budget	Spent	

$  134,852.74		

$ 224,754.56	

$  (89,901.82)	

$ 539,410.95	

25.00%	
$ 134,852.74		$ 224,754.56	$  (89,901.82)	$ 539,410.95	25.00%	

$	2,800.00		

$	

5,000.00	

$	(2,200.00)	

$  12,000.00	

23.33%	
2,743.00			1,240.08	1,502.92	2,976.20	92.16%	
-			3,125.00	(3,125.00)	7,500.00	0.00%	
14,583.35			14,583.33	0.02	35,000.00	41.67%	
1,524.78			7,291.67	(5,766.89)	17,500.00	8.71%	
-			2,083.33	(2,083.33)	5,000.00	0.00%	
-			208.33	(208.33)	500.00	0.00%	
694.50			12,500.00	(11,805.50)	30,000.00	2.32%	
-			3,125.00	(3,125.00)	7,500.00	0.00%	
-			104.17	(104.17)	250.00	0.00%	
-			2,250.00	(2,250.00)	5,400.00	0.00%	
-			208.33	(208.33)	500.00	0.00%	
-			6.50	(6.50)	15.60	0.00%	
-			125.00	(125.00)	300.00	0.00%	
-			10.42	(10.42)	25.00	0.00%	
0.74			416.67	(415.93)	1,000.00	0.07%	
-			312.50	(312.50)	750.00	0.00%	
718.43			2,083.33	(1,364.90)	5,000.00	14.37%	
-			20.00	(20.00)	48.00	0.00%	
-			2,083.33	(2,083.33)	5,000.00	0.00%	
-			104.17	(104.17)	250.00	0.00%	
-			112.50	(112.50)	270.00	0.00%	
1,150.00			1,350.00	(200.00)	3,240.00	35.49%	
750.00			416.67	333.33	1,000.00	75.00%	
175.00			72.92	102.08	175.00	100.00%	
$	25,139.80		$	58,833.25	$  (33,693.45)	$ 141,199.80	17.80%	

Percentage

Revenues
Developer Contributions

Net Revenues
General & Administrative Expenses Legislative
Supervisor Fees
Financial & Administrative
Public Officials' Liability Insurance Trustee Services
Management Engineering Disclosure Property Appraiser District Counsel
Assessment Administration Reamortization Schedules Audit
Arbitrage Calculation Tax Preparation Travel and Per Diem Telephone
Postage & Shipping Copies
Legal Advertising Bank Fees Miscellaneous Meeting Room Office Supplies
Web Site Maintenance Holiday Decorations Dues, Licenses, and Fees
Total General & Administrative Expenses

Page 4 of 6

Midtown Improvement District	
	Budget to Actual	
For the Month Ending 2/28/2026	
	
YTD Actual	
YTD Budget	
YTD Variance	FY 2026
Adopted Budget	Percentage Spent	

Field Operations		
Electric Utility Services		
Electric	$	202.83	$	1,250.00	$	(1,047.17)	$	3,000.00	6.76%	
Water-Sewer Combination Services		
Water Reclaimed	2,352.05	6,250.00	(3,897.95)	15,000.00	15.68%	
Other Physical Environment		
General Insurance	3,353.00	1,515.60	1,837.40	3,637.45	92.18%	
Property & Casualty Insurance	495.00	231.44	263.56	555.45	89.12%	
Other Insurance	500.00	625.00	(125.00)	1,500.00	33.33%	
Irrigation Repairs	5,783.50	18,750.00	(12,966.50)	45,000.00	12.85%	
Landscaping Maintenance & Material	56,858.75	66,666.67	(9,807.92)	160,000.00	35.54%	
Tree Trimming	-	3,958.33	(3,958.33)	9,500.00	0.00%	
Flower & Plant Replacement	-	6,333.33	(6,333.33)	15,200.00	0.00%	
Contingency	270.53	4,166.67	(3,896.14)	10,000.00	2.71%	
Pest Control	579.50	500.00	79.50	1,200.00	48.29%	
Interchange Maintenance Expenses		
IME - Aquatics Maintenance	500.95	530.00	(29.05)	1,272.00	39.38%	
IME - Irrigation Repairs	180.42	500.00	(319.58)	1,200.00	15.04%	
IME - Landscaping	14,406.00	14,656.05	(250.05)	35,174.52	40.96%	
IME - Lighting	96.75	200.00	(103.25)	480.00	20.16%	
IME - Miscellaneous	36.59	1,000.00	(963.41)	2,400.00	1.52%	
IME - Water Reclaimed	133.93	250.00	(116.07)	600.00	22.32%	
IME - Landscape Improvements	-	2,000.00	(2,000.00)	4,800.00	0.00%	
Trail Expenses		
Trail Maintenance	-	8,333.33	(8,333.33)	20,000.00	0.00%	
Road & Street Facilities		
Entry and Wall Maintenance	1,550.00	475.00	1,075.00	1,140.00	135.96%	
Hardscape Maintenance	3,850.00	2,083.33	1,766.67	5,000.00	77.00%	
Streetlights	15,579.66	15,625.00	(45.34)	37,500.00	41.55%	
Accent Lighting	-	316.67	(316.67)	760.00	0.00%	
Parks & Recreation		
Personnel Leasing Agreement - Administrator	2,533.30	2,533.33	(0.03)	6,080.00	41.67%	
Personnel Leasing Agreement - Irrigation Specialist	3,166.65	3,166.67	(0.02)	7,600.00	41.67%	
Reserves		
Infrastructure Capital Reserve	-	3,515.00	(3,515.00)	8,436.00	0.00%	
Interchange Maintenance Reserve	-	498.22	(498.22)	1,195.73	0.00%	
Total Field Operations Expenses	
$  112,429.41	
$ 165,929.64	
$  (53,500.23)	
$ 398,231.15	
28.23%	
Total Expenses	
$  137,569.21	
$ 224,762.89	
$  (87,193.68)	
$ 539,430.95	
25.50%	
Income (Loss) from Operations	$	(2,716.47)	$	(8.33)	$	(2,708.14)	$	(20.00)		
Other Income (Expense)		
Interest Income	$	1,368.41	$	8.33	$	1,360.08	$	20.00	6842.05%	
Total Other Income (Expense)	
$	1,368.41	
$	8.33	
$	1,360.08	
$	20.00	
6842.05%	

   	
Net Income (Loss)	$	(1,348.06)	$	-	$	(1,348.06)	$	-		

Page 5 of 6

Midtown Improvement District Cash Flow

Beg. Cash	FY25 Inflows	FY25 Outflows	FY26 Inflows	FY26 Outflows	End. Cash	

9/1/2025	
86,947.83	
329.39	
(41,541.56)	
-	
(7,091.00)	
38,644.66	
10/1/2025	38,644.66	-	(11,812.34)	106.70	-	26,939.02	
11/1/2025	26,939.02	-	-	4,458.53	(6,712.39)	24,685.16	
12/1/2025	24,685.16	-	(9,516.91)	145,295.23	(49,650.17)	110,813.31	
1/1/2026	110,813.31	-	-	5,489.84	(48,271.30)	68,031.85	
2/1/2026	68,031.85	-	-	11,257.58	(37,240.97)	42,048.46	
3/1/2026	42,048.46	-	-	2,526.55	-	44,575.01 as of 03/04/2026	

Totals	
329.39	
(62,870.81)	
169,134.43	
(148,965.83)		

Page 6 of 6