--- title: What 40 CDD documents add to the Lakefront record description: Budgets, audits and minutes fill in district spending, assessment changes and board history, with document-date and missing-exhibit qualifications. url: https://lakefrontokeechobee.com/news/cdd-records-budgets-audits-minutes/ author: Lakefront Okeechobee Report published: 2026-10-08 updated: 2026-11-01 source_ids: - cdd-packet-2026-11-03 - cdd-documents-02 - cdd-documents-03 - cdd-documents-05 - cdd-documents-06 - cdd-documents-20 - cdd-financial-14 - cdd-audit-2024 - cdd-financial-16 - cdd-budget-fy2027 --- # What 40 CDD documents add to the Lakefront record Lakefront’s [40 collected CDD documents](/cdd-records) trace the district’s spending, assessments and board decisions through 23 meeting books, 13 budget versions, three annual audits and a goals sheet. The newly supplied **96-page November 3 book** adds upcoming agendas, April minutes and proposed budget amendments. The register provides page references and links to the original documents. The documents fill out the district’s financial history. The [FY2023 audit](/cdd-records/financial-16) reports $21,535 in general-fund expenditures; [FY2024](/cdd-records/financial-15) reports $91,662; and [FY2025](/cdd-records/financial-14) reports $59,266. Ending general-fund balances were $18,098, $14,735 and $14,359 respectively. These are district accounts, not total development spending. All three audits give unmodified financial-statement opinions and list no current-year management findings, within the scope of their procedures. Their notes also describe reliance on developer funding. The FY2025 audit reports the $8.99 million Series 2025 bonds as a subsequent event after its September 30 year-end. ## The assessment and bond sequence The [September 25, 2025 minutes](/cdd-records/documents-05) record the replacement of earlier assessment resolutions and approval of revised methodology in draft substantial form. The [November minutes](/cdd-records/documents-03) explain the move from front-footage to square-footage allocation. The [December minutes](/cdd-records/documents-02) record final methodology approval following pricing updates. The documents preserve different stages of the financing. A $135 million master planning model, $132 million authorization ceiling, $9.055 million preliminary Series 2025 model and $8.99 million final issuance describe different things. The district’s public-financing disclosure gives December 23, 2025 as the issuance date. The [FY2026–27 final budget](/cdd-records/financial-06) lists annual residential assessments from $2,262.06 for Ranch to $5,343.31 for Majestic. Each includes $300 for operations and maintenance plus the property type’s debt charge. These budget figures are separate from other property taxes and HOA charges; they are not a parcel-specific bill. The [financing page](/financing/cdd) compares all six residential types. ## Board history and document limits The books document initial professional appointments, successive board resignations and appointments, and adoption of budgets and district goals. David Neumann's oath was still pending at his February appointment. The **April 22 minutes**, now included for approval in the [November 3 book](/cdd-records/documents-2026-11-03/), report his oath before the meeting and attendance with Yitzchok Braun and Jonathan Zion. They also report 3–0 votes on debt-assessment certification and a Developer Funding Agreement, and unanimous adoption of the FY2026–27 budget. The copy has blank attestations; the executed funding agreement is not attached. [PDF pages 13–15](/cdd-records/documents-2026-11-03/). ## What the November book adds to the finances The proposed FY2025–26 operating amendment would reduce the revenue and expenditure budgets from **$119,825 to $75,837**. A separate unaudited column through **September 29, 2026** reports **$58,527 revenue and $64,409 spending**, a **$5,882 shortfall**. The printed budget fund-balance roll-forward uses zero annual budget activity and does not reconcile that interim actual shortfall. [PDF page 94](/cdd-records/documents-2026-11-03/). The debt-service notes state that the **November 1 interest payment of $260,528 is to be developer funded**, with capitalized interest set up through May 2026. This describes a funding plan; the book does not confirm payment, arrears or default. It allocates the existing **$8.99 million** bond proceeds between **$8,163,148 for capital projects** and **$826,852 for debt service**, and identifies **$7,748,948 capital outlay as projected**. Those allocations are neither another bond issue nor verified completed spending. [PDF page 95](/cdd-records/documents-2026-11-03/). The November 3 agendas schedule landowner and officer elections, consideration of a hearing on revised rules, goals reporting, the budget amendment and audit renewal. The enclosed goals sheet marks its “No findings” audit measure **NO** without explanation. That form response is not an auditor's finding and does not overturn the collected audit reports. The meeting book was obtained November 1, so it establishes no November election result or adoption. [Agendas and proposed goals sheet, PDF pages 2, 11 and 90](/cdd-records/documents-2026-11-03/). Several publisher titles and filenames use 2024 for books whose covers and agendas say 2025. The register retains the published labels and explains the internal dates. The July-dated engineer attachment uses 196 homes, while later methodology uses 199; their cost tables also differ. The December book lists a final methodology report under separate cover and does not include it. The bounded November 1 public follow-up did not locate that complete final report, the exact final engineer-report version or complete final offering attachments. A listed attachment, blank election form or proposed resolution does not prove an approval or completed event. The summaries distinguish agenda proposals from actions reported in minutes. [Download the full register](/data) with financial tables, PDF page references, source links and these qualifications. ## Sources - Lakefront Estates CDD November 3, 2026 landowners’ and regular board meeting book (2026-11-03; public-record). 96 PDF pages; page citations count from the cover https://lakefrontestatescdd.org/wp-content/uploads/2026/10/LFE-2026-11-03-LO-Mtg.-Regular-Board-Meeting-Book.pdf - CDD meeting book · 2026-02-18 (2026-02-18; public-record). 26 PDF pages; detailed references in the linked CDD record. https://lakefrontestatescdd.org/wp-content/uploads/2026/02/LFE-2026-02-18-Regular-Board-Meeting-Book.pdf - CDD meeting book · 2025-12-10 (2025-12-10; public-record). 14 PDF pages; detailed references in the linked CDD record. https://lakefrontestatescdd.org/wp-content/uploads/2025/12/LFE-2025-12-10-Regular-Board-Meeting-Book.pdf - CDD meeting book · 2025-10-22 (2025-10-22; public-record). 85 PDF pages; detailed references in the linked CDD record. https://lakefrontestatescdd.org/wp-content/uploads/2025/10/LFE-2025-10-22-Regular-Board-Meeting-Book.1.pdf - CDD meeting book · 2025-09-25 (2025-09-25; public-record). 53 PDF pages; detailed references in the linked CDD record. https://lakefrontestatescdd.org/wp-content/uploads/2025/09/LFE-2024-09-25-Regular-Board-Meeting-PH-Book.1.pdf - CDD meeting book · 2023-08-24 (2023-08-24; public-record). 43 PDF pages; detailed references in the linked CDD record. https://lakefrontestatescdd.org/wp-content/uploads/2023/08/LFE-2023-08-24-Regular-Board-Meeting-PHs-Book.XYZ_.pdf - CDD FY2024–25 annual audit (2025-09-30; public-record). 24 PDF pages; detailed references in the linked CDD record. https://lakefrontestatescdd.org/wp-content/uploads/2026/07/2025-FINAL-REPORT-LAKEFRONT-ESTATES-CDD.pdf - Lakefront Estates CDD audit for the year ended September 30, 2024 (2024-09-30; public-record). https://lakefrontestatescdd.org/wp-content/uploads/2025/06/2024-FINAL-REPORT-LAKEFRONT-ESTATES-CDD.pdf - CDD FY2022–23 annual audit (2023-09-30; public-record). 24 PDF pages; detailed references in the linked CDD record. https://lakefrontestatescdd.org/wp-content/uploads/2024/06/2023-FINAL-REPORT-LAKEFRONT-ESTATES-CDD.pdf - Lakefront Estates CDD fiscal year 2026-27 budget (2026-10-01; public-record). https://lakefrontestatescdd.org/wp-content/uploads/2026/04/LFE-Final-Budget-2026-2027.pdf Independent, unofficial reporting. https://lakefrontokeechobee.com/about/