Winter Garden Village at Fowler Groves CDD
December 2025 Financial Package

December 31, 2025

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

Statement of Financial Position As of 12/31/2025

General Fund

Debt Service	Capital Projects Fund		Fund

Long Term Debt Group

Total

	Assets		
Current Assets
General Checking Account	
$390,811.32							
$390,811.32	
Money Market Account	168,689.57							168,689.57	
Assessments Receivable	127,025.00							127,025.00	
Prepaid Expenses	565.14							565.14	
Assessments Receivable		$1,591,846.94						1,591,846.94	
Debt Service Reserve 2016A		651,282.00						651,282.00	
Revenue 2016A		2,082,401.15						2,082,401.15	
General 2016A	
	5,299.39						5,299.39	
Total Current Assets	$687,091.03	$4,330,829.48		$0.00		$0.00		$5,017,920.51	

Investments									
Amount Available in Debt Service Funds							$2,738,982.54		$2,738,982.54	
Amount To Be Provided							12,996,017.46		12,996,017.46	
Total Investments	$0.00		$0.00		$0.00		$15,735,000.00		$15,735,000.00	
Total Assets	$687,091.03		$4,330,829.48		$0.00		$15,735,000.00		$20,752,920.51	

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$41,000.00								$41,000.00	
Deferred Revenue	127,025.00								127,025.00	
Deferred Revenue			$1,591,846.94						1,591,846.94	
Total Current Liabilities	$168,025.00		$1,591,846.94		$0.00		$0.00		$1,759,871.94	

Long Term Liabilities

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	$168,025.00		$1,591,846.94		$0.00		$15,735,000.00		$17,494,871.94	

Net Assets
Net Assets, Unrestricted	

$48,313.88								

$48,313.88	
Net Assets - General Government	394,391.43								394,391.43	
Current Year Net Assets - General Government	76,360.72								76,360.72	
Net Assets, Unrestricted			$1,853,145.25						1,853,145.25	
Current Year Net Assets, Unrestricted			1,027,057.29						1,027,057.29	
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	$519,066.03		$2,738,982.54		$0.00		$0.00		$3,258,048.57	
										
Total Liabilities and Net Assets	$687,091.03		$4,330,829.48		$0.00		$15,735,000.00		$20,752,920.51	

General Fund		Debt Service Fund		Capital Projects Fund		Long Term Debt Group		Total	

$100,114.26

$100,114.26		

$1,327,450.65
$1,327,450.65		

$0.00		

$0.00		
$100,114.26 1,327,450.65
$1,427,564.91	

$600.00 6,216.65
5,750.01
1,000.00
1,466.00
5,000.00
1.48
48.93
375.00
175.00
8,584.60

$29,217.67		

$311,521.88
$311,521.88		

$0.00		

$0.00		
$600.00 6,216.65
5,750.01
1,000.00
1,466.00
5,000.00
1.48
48.93
375.00
175.00
8,584.60
311,521.88
$340,739.55	

$5,464.13

$5,464.13

$76,360.72

$442,705.31		

$11,128.52
$11,128.52

$1,027,057.29

$1,711,925.25		

$0.00

$0.00

$0.00		

$0.00

$0.00

$0.00		
$5,464.13 11,128.52
$16,592.65

$1,103,418.01

$2,154,630.56	

$519,066.03		
$2,738,982.54		
$0.00		
$0.00		
$3,258,048.57	

Revenues
On-Roll Assessments On-Roll Assessments
Total Revenues

Expenses
Supervisor Fees Trustee Services Management Disclosure District Counsel
Assessment Administration Postage & Shipping
Legal Advertising
Web Site Maintenance Dues, Licenses, and Fees General Insurance Interest Payments
Total Expenses

Other Revenues (Expenses) & Gains (Losses)
Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)

Change In Net Assets

Net Assets At Beginning Of Year

Net Assets At End Of Year

Statement of Activities As of 12/31/2025

Budget to Actual
For The Month Ending 12/31/2025

Year To Date

Actual		Budget		Variance		Adopted Budget	

$	

100,114.26
19,761.00		

$	

31,756.26
19,761.00		

$	

68,358.00
-		

$  127,025.00
79,043.95	
$	119,875.26		$	51,517.26		$	68,358.00		$  206,068.95	

$	
600.00		
$	
399.99		
$	
200.01		
$	1,600.00	
	6,216.65			2,499.99			3,716.66		10,000.00	
	5,750.01			5,750.01			-		23,000.00	
	-			5,000.01			(5,000.01)		20,000.00	
	1,000.00			375.00			625.00		1,500.00	
	-			1,250.01			(1,250.01)		5,000.00	
	1,466.00			7,500.00			(6,034.00)		30,000.00	
	5,000.00			1,250.01			3,749.99		5,000.00	
	-			62.49			(62.49)		250.00	
	-			1,025.01			(1,025.01)		4,100.00	
	-			125.01			(125.01)		500.00	
	-			6.24			(6.24)		25.00	
	1.48			50.01			(48.53)		200.00	
	-			50.01			(50.01)		200.00	
	48.93			500.01			(451.08)		2,000.00	
	-			487.50			(487.50)		1,950.00	
	-			150.00			(150.00)		600.00	
	-			43.74			(43.74)		175.00	
	375.00			675.00			(300.00)		2,700.00	
	-			1,875.00			(1,875.00)		7,500.00	
	175.00			43.74			131.26		175.00	
	8,584.60			2,104.02			6,480.58		8,416.10	
	-			15,000.00			(15,000.00)		60,000.00	
	-			999.99			(999.99)		4,000.00	
	-			4,294.47			(4,294.47)		17,177.85	
$	29,217.67		$	51,517.26		$	(22,299.59)		$  206,068.95	
 $		29,217.67		 $		51,517.26		 $		(22,299.59)		  $	-	
$	90,657.59		$	-		$	90,657.59		$	-	

$	
5,464.13		
$	
-		
$	5,464.13		
$	-	
$	5,464.13		$	-		$	5,464.13		$	-	
$	96,121.72		$	-		$	96,121.72		$	-	

FY 2026

Percentage

Revenues
On-Roll Assessments Carry Forward Revenue
Net Revenues
General & Administrative Expenses
Supervisor Fees Trustee Services Management Engineering Disclosure Property Appraiser District Counsel
Assessment Administration Reamortization Schedule Audit
Arbitrage
Tax Preparation Postage & Shipping Copies
Legal Advertising Contingency Meeting Room Office Supplies
Web Site Maintenance Field Supplies (Other) Dues, Licenses, and Fees General Insurance
Pond Maintenance Hurricane Cleanup Reserve
Total General & Administrative Expenses

Total Expenses

Income (Loss) from Operations

Other Income (Expense)
Interest Income
Total Other Income (Expense)

Net Income (Loss)

78.81%
25.00%

58.17%

37.50%
62.17%
25.00%
0.00%
66.67%
0.00%
4.89%
100.00%
0.00%
0.00%
0.00%
0.00%
0.74%
0.00%
2.45%
0.00%
0.00%
0.00%
13.89%
0.00%
100.00%
102.00%
0.00%
0.00%
0.00%

14.18%