Winter Garden Village at Fowler Groves CDD
August 2025 Financial Package

August 31, 2025

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

Winter Garden Village at Fowler Groves
Statement of Financial Position As of 8/31/2025

General Fund

Debt Service	Capital Projects Fund		Fund

Long Term Debt Group

Total

	Assets		
Current Assets
General Checking Account	
$311,508.13							
$311,508.13	
Money Market Account	166,624.63							166,624.63	
Prepaid Expenses	8,584.60							8,584.60	
Debt Service Reserve 2016A		$651,282.00						651,282.00	
Revenue 2016A		1,043,528.87						1,043,528.87	
General 2016A	
	5,228.78						5,228.78	
Total Current Assets	$486,717.36	$1,700,039.65		$0.00		$0.00		$2,186,757.01	

Investments									
Amount Available in Debt Service Funds							$1,700,039.65		$1,700,039.65	
Amount To Be Provided							14,034,960.35		14,034,960.35	
Total Investments	$0.00		$0.00		$0.00		$15,735,000.00		$15,735,000.00	
Total Assets	$486,717.36		$1,700,039.65		$0.00		$15,735,000.00		$17,921,757.01	

Liabilities and Net Assets

Current Liabilities
Accounts Payable
Total Current Liabilities

Long Term Liabilities

$41,000.00

$41,000.00	$0.00	$0.00

$0.00

$41,000.00

$41,000.00

Revenue Bonds Payable - Long-Term							$15,735,000.00		$15,735,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$15,735,000.00		$15,735,000.00	

    

Total Liabilities

Net Assets

$41,000.00	$0.00	$0.00

$15,735,000.00	$15,776,000.00

Net Assets, Unrestricted	$48,313.88								$48,313.88	
Net Assets - General Government	327,303.13								327,303.13	
Current Year Net Assets - General Government	70,100.35								70,100.35	
Net Assets, Unrestricted			$1,848,415.04						1,848,415.04	
Current Year Net Assets, Unrestricted			(7,155.39)						(7,155.39)	
Net Assets - General Government			(141,220.00)						(141,220.00)	
Net Assets, Unrestricted					$48,551.67				48,551.67	
Net Assets - General Government					(48,551.67)				(48,551.67)	
Total Net Assets	$445,717.36		$1,700,039.65		$0.00		$0.00		$2,145,757.01	
										
Total Liabilities and Net Assets	$486,717.36		$1,700,039.65		$0.00		$15,735,000.00		$17,921,757.01	

Winter Garden Village at Fowler Groves
Statement of Activities As of 8/31/2025	
	
General Fund		
Debt Service Fund		
Capital Projects Fund		
Long Term Debt Group		
Total	

Revenues										
On-Roll Assessments	$127,052.24								$127,052.24	
On-Roll Assessments			$1,602,451.51						1,602,451.51	
Total Revenues	$127,052.24		$1,602,451.51		$0.00		$0.00		$1,729,503.75	
Expenses										
Supervisor Fees	$1,600.00								$1,600.00	
Trustee Services	7,255.71								7,255.71	
Management	19,708.37								19,708.37	
Engineering	11,749.89								11,749.89	
Disclosure	1,000.00								1,000.00	
District Counsel	13,757.50								13,757.50	
Assessment Administration	5,000.00								5,000.00	
Audit	4,100.00								4,100.00	
Arbitrage	500.00								500.00	
Postage & Shipping	19.77								19.77	
Legal Advertising	221.46								221.46	
Contingency	960.19								960.19	
Web Site Maintenance	2,110.00								2,110.00	
Dues, Licenses, and Fees	175.00								175.00	
General Insurance	7,651.00								7,651.00	
Principal Payment			$1,015,000.00						1,015,000.00	
Interest Payments			661,106.26						661,106.26	
Total Expenses	$75,808.89		$1,676,106.26		$0.00		$0.00		$1,751,915.15	
Other Revenues (Expenses) & Gains (Losses)										
Interest Income	$18,857.00								$18,857.00	
Interest Income			$66,499.36						66,499.36	
Total Other Revenues (Expenses) & Gains (Losses)	$18,857.00		$66,499.36		$0.00		$0.00		$85,356.36	
Change In Net Assets	$70,100.35		($7,155.39)		$0.00		$0.00		$62,944.96	

Net Assets At Beginning Of Year	
$375,617.01		
$1,707,195.04		
$0.00		
$0.00		
$2,082,812.05	

Net Assets At End Of Year	

$445,717.36		

$1,700,039.65		

$0.00		

$0.00		

$2,145,757.01	

Winter Garden Village at Fowler Groves	
Budget to Actual	
For The Month Ending 8/31/2025	

Year To Date	
FY 2025	
		Actual		Budget			Variance		Adopted		Percentage	
Budget	

Revenues														
On-Roll Assessments	$	127,052.24		$	116,439.62		$	10,612.62		$ 127,025.00		100.02%	
Carry Forward Revenue		102,662.12			102,662.12			-		111,995.00		91.67%	
Net Revenues	$	229,714.36		$	219,101.74		$	10,612.62		$ 239,020.00		96.11%	
General & Administrative Expenses														
Supervisor Fees	$	1,600.00		$	733.37		$	866.63		$	800.00		200.00%	
Trustee Services		7,255.71			9,166.63			(1,910.92)		10,000.00		72.56%	
Management		19,708.37			19,708.37			-		21,500.00		91.67%	
Engineering		11,749.89			18,333.37			(6,583.48)		20,000.00		58.75%	
Disclosure		1,000.00			1,375.00			(375.00)			1,500.00		66.67%	
Property Appraiser		-			4,583.37			(4,583.37)			5,000.00		0.00%	
District Counsel		13,757.50			50,416.63			(36,659.13)		55,000.00		25.01%	
Assessment Administration		5,000.00			4,583.37			416.63			5,000.00		100.00%	
Reamortization Schedule		-			229.13			(229.13)			250.00		0.00%	
Audit		4,100.00			3,850.00			250.00			4,200.00		97.62%	
Arbitrage		500.00			458.37			41.63			500.00		100.00%	
Postage & Shipping		19.77			137.50			(117.73)			150.00		13.18%	
Copies		-			137.50			(137.50)			150.00		0.00%	
Legal Advertising		221.46			1,833.37			(1,611.91)			2,000.00		11.07%	
Contingency		960.19			2,750.00			(1,789.81)			3,000.00		32.01%	
Meeting Room		-			275.00			(275.00)			300.00		0.00%	
Office Supplies		-			91.63			(91.63)			100.00		0.00%	
Web Site Maintenance		2,110.00			2,310.00			(200.00)			2,520.00		83.73%	
Field Supplies (Other)		-			6,875.00			(6,875.00)			7,500.00		0.00%	
Dues, Licenses, and Fees		175.00			183.37			(8.37)			200.00		87.50%	
General Insurance		7,651.00			8,570.87			(919.87)			9,350.00		81.83%	
Pond Maintenance		-			55,000.00			(55,000.00)		60,000.00		0.00%	
Hurricane Cleanup		-			4,583.37			(4,583.37)			5,000.00		0.00%	
Reserve		-			22,916.52			(22,916.52)		25,000.00		0.00%	
Total General & Administrative Expenses	$	75,808.89		$	219,101.74		$	(143,292.85)		$ 239,020.00		31.72%	
Total Expenses	 $		75,808.89		 $		219,101.74		 $		(143,292.85)			$		-			
Income (Loss) from Operations	$	153,905.47		$	-		$	153,905.47		$	-			
Other Income (Expense)													
Interest Income	$	18,857.00		$	-		$	18,857.00		$	-			
Total Other Income (Expense)	$	18,857.00		$	-		$	18,857.00		$	-			
Net Income (Loss)	$	172,762.47		$	-		$	172,762.47		$	-