PBR CDD
July 2025 Financial Report

July 31, 2025

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

PBR CDD
Statement of Financial Position As of 7/31/2025

Debt Service	General Fixed	Long Term Debt	
Fund	Assets Group	Group	

General Fund	Total

	Assets		
Current Assets
General Checking Account	
$	2,318.38					
$	2,318.38	
Accounts Receivable - Due from Developer	8,658.61					8,658.61	
Debt Service Reserve Series 2016		$	367,739.60				367,739.60	
Revenue Account Series 2016		2,448,063.73				2,448,063.73	
Interest Account Series 2016		738,070.03				738,070.03	
Sinking Fund Series 2016		311,164.45				311,164.45	
Capitalized Interest Account 2016 Bond		521.79				521.79	
Total Current Assets	$  10,976.99	$ 3,865,559.60		$	-	$	-	$  3,876,536.59	

Investments
Amount Available in Debt Service Funds		$  3,865,559.60		$  3,865,559.60	
Amount To Be Provided	
		10,819,440.40		10,819,440.40	
Total Investments	$	-	$	-	$	-	$ 14,685,000.00		$ 14,685,000.00	

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	$  10,976.99	$ 3,865,559.60	$ 19,092,486.00	$ 14,685,000.00	$ 37,654,022.59

Liabilities and Net Assets

Current Liabilities
Accounts Payable	$	9,224.99	$	9,224.99
Deferred Revenue		8,658.61									8,658.61 Total Current Liabilities	$  17,883.60	$	-	$	-	$	-	$	17,883.60

Long Term Liabilities
Bond Payable							$ 14,685,000.00		$ 14,685,000.00	
Total Long Term Liabilities	$	-		$	-		$	-		$ 14,685,000.00		$ 14,685,000.00	
Total Liabilities	$  17,883.60		$	-		$	-		$ 14,685,000.00		$ 14,702,883.60	

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	(7,249.89)								(7,249.89)	
Net Assets, Unrestricted			$ 3,229,903.19						3,229,903.19	
Current Year Net Assets, Unrestricted			642,156.41						642,156.41	
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	$  (6,906.61)		$ 3,865,559.60		$ 19,092,486.00		$	-		$ 22,951,138.99	
										
Total Liabilities and Net Assets	$  10,976.99		$ 3,865,559.60		$ 19,092,486.00		$ 14,685,000.00		$ 37,654,022.59	

		PBR CDD								
		Statement of Activities								
		As of 7/31/2025								
		
General	Debt Service Fund		Fund		
General Fixed Assets Group		
Long Term Debt Group			
Total	

Revenues										
Developer Contributions	$	36,511.79						$	36,511.79	
User Fee Revenue		$ 1,576,896.87							1,576,896.87	
Total Revenues	$	36,511.79	$ 1,576,896.87		$	-		$	-		$	1,613,408.66	
Expenses										
Supervisor Fees	$	600.00						$	600.00	
Trustee Services		2,208.33							2,208.33	
Management		23,625.00							23,625.00	
District Counsel		256.00							256.00	
Audit		5,500.00							5,500.00	
Travel and Per Diem		87.89							87.89	
Postage & Shipping		14.08							14.08	
Legal Advertising		857.43							857.43	
Web Site Maintenance		2,000.00							2,000.00	
Dues, Licenses, and Fees		175.00							175.00	
Stormwater Management Maintenance		3,000.00							3,000.00	
General Insurance		6,505.00							6,505.00	
Principal Payments - 2016 Bond		$	290,000.00							290,000.00	
Interest Payments - 2016 Bond		748,750.00							748,750.00	
Total Expenses	$	44,828.73	$ 1,038,750.00		$	-		$	-		$	1,083,578.73	
Other Revenues (Expenses) & Gains (Losses)										
Interest Income	$	1,067.05						$	1,067.05	
Interest Income
Total Other Revenues (Expenses) & Gains (Losses)		$	104,009.54							104,009.54	
	$	1,067.05	$	104,009.54		$	-		$	-		$	105,076.59	
Change In Net Assets	$	(7,249.89)	$	642,156.41		$	-		$	-		$	634,906.52	

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	

$	

(6,906.61)	$ 3,865,559.60		

$ 19,092,486.00		

$	-		

$	

22,951,138.99	

PBR CDD
Budget to Actual
For the Month Ending 7/31/2025

	
YTD Actual	
YTD Budget	
YTD Variance	FY 2025
Adopted Budget	Percentage Spent	

Revenues						
Developer Contributions	$	36,511.79	$	74,145.80	$	(37,634.01)	$	88,975.00	41.04%	
Net Revenues	$	36,511.79		$	74,145.80		$	(37,634.01)		$	88,975.00		41.04%	
General & Administrative Expenses						
Supervisor Fees	$	600.00	$	1,000.00	$	400.00	$	1,200.00	50.00%	
Trustee Services	2,208.33	2,500.00	291.67	3,000.00	73.61%	
Management	23,625.00	26,250.00	2,625.00	31,500.00	75.00%	
Engineering	-	5,000.00	5,000.00	6,000.00	0.00%	
District Counsel	256.00	20,416.70	20,160.70	24,500.00	1.04%	
Audit	5,500.00	5,000.00	(500.00)	6,000.00	91.67%	
Travel and Per Diem	87.89	150.00	62.11	180.00	48.83%	
Postage & Shipping	14.08	83.30	69.22	100.00	14.08%	
Legal Advertising	857.43	1,666.70	809.27	2,000.00	42.87%	
Contingency	-	833.30	833.30	1,000.00	0.00%	
Web Site Maintenance	2,000.00	2,350.00	350.00	2,820.00	70.92%	
Dues, Licenses, and Fees	175.00	145.80	(29.20)	175.00	100.00%	
Stormwater Management Maintenance	3,000.00	2,916.70	(83.30)	3,500.00	85.71%	
General Insurance	6,505.00	5,833.30	(671.70)	7,000.00	92.93%	
Total General & Administrative Expenses	$	44,828.73		$	74,145.80		$	29,317.07		$	88,975.00		50.38%	
Total Expenses	 $	44,828.73 	 $	74,145.80 	 $	29,317.07 	 $  88,975.00 		50.38%	
Income (Loss) from Operations	$	(8,316.94)	$	-	$	(8,316.94)	$	-	
Other Income (Expense)						
Interest Income	$	1,067.05	$	-	$	1,067.05	$	-	
Total Other Income (Expense)	$	1,067.05		$	-		$	1,067.05		$	-		
Net Income (Loss)	$	(7,249.89)		$	-		$	(7,249.89)		$	-