PBR CDD
April 2025 Financial Report

April 30, 2025

PFM Group Consulting LLC
3501 Quadrangle Blvd., Suite 270
Orlando, Florida 32817
Tel: 407-723-5900

Debt Service	General Fixed	Long Term Debt	
Fund	Assets Group	Group	

Statement of Financial Position As of 4/30/2025

	Assets		
Current Assets			
General Checking Account	$	1,635.83					$	1,635.83	
Accounts Receivable - Due from Developer	2,849.31					2,849.31	
Debt Service Reserve Series 2016		$	364,164.36				364,164.36	
Revenue Account Series 2016		2,544,004.06				2,544,004.06	
Interest Account Series 2016		765,511.02				765,511.02	
Sinking Fund Series 2016		300,809.99				300,809.99	
Capitalized Interest Account A1 Bond		516.72				516.72	
Total Current Assets	$	4,485.14	$ 3,975,006.15		$	-	$	-	$  3,979,491.29	

Investments

General Fund

Total

	

Amount Available in Debt Service Funds		$  3,975,006.15		$  3,975,006.15	
Amount To Be Provided	
		10,999,993.85		10,999,993.85	
Total Investments	$	-	$	-	$	-	$ 14,975,000.00		$ 14,975,000.00	

Property, Plant & Equipment		
Other Fixed Assets (2008)	$  2,721,688.00			$  2,721,688.00	
Other Fixed Assets (2009)	16,370,798.00			16,370,798.00	
Total Property, Plant & Equipment	$	-	$	-	$ 19,092,486.00		$	-	$ 19,092,486.00	

Total Assets

$	4,485.14

$ 3,975,006.15

$ 19,092,486.00

$ 14,975,000.00

$ 38,046,977.29

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$	3,035.00				$	3,035.00	
Deferred Revenue	2,849.31		
		2,849.31	
Total Current Liabilities	$	5,884.31		$	-	$	-	$	-	$	5,884.31	

Long Term Liabilities
Bond Payable							$ 14,975,000.00		$ 14,975,000.00	
Total Long Term Liabilities	$	-		$	-		$	-		$ 14,975,000.00		$ 14,975,000.00	
Total Liabilities	$	5,884.31		$	-		$	-		$ 14,975,000.00		$ 14,980,884.31	

Net Assets
Net Assets, Unrestricted	

$	(5,009.56)								

$	(5,009.56)	
Net Assets - General Government	5,352.84								5,352.84	
Current Year Net Assets - General Government	(1,742.45)								(1,742.45)	
Net Assets, Unrestricted			$ 3,229,903.19						3,229,903.19	
Current Year Net Assets, Unrestricted			751,602.96						751,602.96	
Net Assets - General Government			(6,500.00)						(6,500.00)	
Net Assets, Invd in Capital, Net of Debt					$ 19,092,486.00				19,092,486.00	
Total Net Assets	$	(1,399.17)		$ 3,975,006.15		$ 19,092,486.00		$	-		$ 23,066,092.98	
										
Total Liabilities and Net Assets	$	4,485.14		$ 3,975,006.15		$ 19,092,486.00		$ 14,975,000.00		$ 38,046,977.29	

Statement of Activities As of 4/30/2025

General	Debt Service	General Fixed	Long Term	
Fund	Fund	Assets Group	Debt Group	

Total

Revenues

Developer Contributions	$ 24,154.35	$	24,154.35	
User Fee Revenue			$ 1,057,937.17			1,057,937.17	
Total Revenues	$ 24,154.35		$ 1,057,937.17		$	-	$	-	$	1,082,091.52	

Expenses

Trustee Services	$  2,208.33					$	2,208.33	
Management	15,750.00					15,750.00	
Travel and Per Diem	42.98					42.98	
Postage & Shipping	5.00					5.00	
Legal Advertising	605.68					605.68	
Web Site Maintenance	1,370.00					1,370.00	
Dues, Licenses, and Fees	175.00					175.00	
General Insurance	6,505.00					6,505.00	
Interest Payments - 2016 Bond			$	374,375.00			374,375.00	
Total Expenses	$ 26,661.99		$	374,375.00		$	-	$	-	$	401,036.99	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	765.19				$	765.19	
Interest Income			$	68,040.79		68,040.79	
Total Other Revenues (Expenses) & Gains (Losses)	$	765.19		$	68,040.79		$	-	$	-	$	68,805.98	
Change In Net Assets	$ (1,742.45)		$	751,602.96		$	-	$	-	$	749,860.51	
Net Assets At Beginning Of Year	$	343.28		$ 3,223,403.19		$ 19,092,486.00	$	-	$ 22,316,232.47	

Net Assets At End Of Year	
$ (1,399.17)		
$ 3,975,006.15		  

$ 19,092,486.00	$	-	$ 23,066,092.98	

PBR CDD
Budget to Actual
For the Month Ending 4/30/2025

Year To Date

Actual	
Budget	
Variance	FY 2025
Adopted Budget	Percentage Spent	

Revenues						
Developer Contributions	$	24,154.35	$	51,902.06	$	(27,747.71)	$	88,975.00	27.15%	
Net Revenues	$	24,154.35		$	51,902.06		$	(27,747.71)		$	88,975.00		27.15%	
General & Administrative Expenses						
Supervisor Fees	$	-	$	700.00	$	(700.00)	$	1,200.00	0.00%	
Trustee Services	2,208.33	1,750.00	458.33	3,000.00	73.61%	
Management	15,750.00	18,375.00	(2,625.00)	31,500.00	50.00%	
Engineering	-	3,500.00	(3,500.00)	6,000.00	0.00%	
District Counsel	-	14,291.69	(14,291.69)	24,500.00	0.00%	
Audit	-	3,500.00	(3,500.00)	6,000.00	0.00%	
Travel and Per Diem	42.98	105.00	(62.02)	180.00	23.88%	
Postage & Shipping	5.00	58.31	(53.31)	100.00	5.00%	
Legal Advertising	605.68	1,166.69	(561.01)	2,000.00	30.28%	
Contingency	-	583.31	(583.31)	1,000.00	0.00%	
Web Site Maintenance	1,370.00	1,645.00	(275.00)	2,820.00	48.58%	
Dues, Licenses, and Fees	175.00	102.06	72.94	175.00	100.00%	
Stormwater Management Maintenance	-	2,041.69	(2,041.69)	3,500.00	0.00%	
General Insurance	6,505.00	4,083.31	2,421.69	7,000.00	92.93%	
Total General & Administrative Expenses	$	26,661.99		$	51,902.06		$	(25,240.07)		$	88,975.00		29.97%	
Total Expenses	 $	26,661.99 	 $ 51,902.06 	 $ (25,240.07)	 $ 88,975.00 		29.97%	
Income (Loss) from Operations	$	(2,507.64)	$	-	$	(2,507.64)	$	-	
Other Income (Expense)						
Interest Income	$	765.19	$	-	$	765.19	$	-	
Total Other Income (Expense)	$	765.19		$	-		$	765.19		$	-		
Net Income (Loss)	$	(1,742.45)		$	-		$	(1,742.45)		$	-