Winter Garden Village at Fowler Groves CDD
March 2026 Financial Package

March 31, 2026

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 3/31/2026

General Fund

Debt Service	Capital Projects Fund		Fund

Long Term Debt Group

Total

	Assets		
Current Assets
General Checking Account	

$344,309.77							

$344,309.77	
Money Market Account	170,049.65							170,049.65	
Assessments Receivable	24,856.14							24,856.14	
Prepaid Expenses	565.14							565.14	
Assessments Receivable		$246,793.26						246,793.26	
Debt Service Reserve 2016A		651,282.00						651,282.00	
Revenue 2016A		2,130,712.98						2,130,712.98	
General 2016A	
	5,345.57						5,345.57	
Total Current Assets	$539,780.70	$3,034,133.81		$0.00		$0.00		$3,573,914.51	

Investments									
Amount Available in Debt Service Funds							$2,787,340.55		$2,787,340.55	
Amount To Be Provided							12,947,659.45		12,947,659.45	
Total Investments	$0.00		$0.00		$0.00		$15,735,000.00		$15,735,000.00	
Total Assets	$539,780.70		$3,034,133.81		$0.00		$15,735,000.00		$19,308,914.51	

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$5,221.25								$5,221.25	
Deferred Revenue	24,856.14								24,856.14	
Deferred Revenue			$246,793.26						246,793.26	
Total Current Liabilities	$30,077.39		$246,793.26		$0.00		$0.00		$276,870.65	

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	$30,077.39		$246,793.26		$0.00		$15,735,000.00		$16,011,870.65	

Net Assets

Net Assets, Unrestricted	$48,313.88								$48,313.88	
Current Year Net Assets, Unrestricted	2,000.00								2,000.00	
Net Assets - General Government	394,391.43								394,391.43	
Current Year Net Assets - General Government	64,998.00								64,998.00	
Net Assets, Unrestricted			$1,853,145.25						1,853,145.25	
Current Year Net Assets, Unrestricted			1,075,415.30						1,075,415.30	
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	$509,703.31		$2,787,340.55		$0.00		$0.00		$3,297,043.86	
										
Total Liabilities and Net Assets	$539,780.70		$3,034,133.81		$0.00		$15,735,000.00		$19,308,914.51	

Winter Garden Village at Fowler Groves
Statement of Activities As of 3/31/2026

General Fund	Debt Service	Capital Projects
Fund	Fund		

Long Term Debt Group		

Total	

$102,168.86
2,000.00

$104,168.86		

$1,345,053.68
$1,345,053.68		

$0.00		

$0.00		
$102,168.86
2,000.00
1,345,053.68
$1,449,222.54	

$1,200.00 6,818.25
11,500.02
470.00
1,000.00
8,162.25
5,000.00
4,200.00
32.25
1.48
173.83
1,350.00
175.00
7,983.00

$48,066.08		

$311,521.88
$311,521.88		

$0.00		

$0.00		
$1,200.00 6,818.25
11,500.02
470.00
1,000.00
8,162.25
5,000.00
4,200.00
32.25
1.48
173.83
1,350.00
175.00
7,983.00
311,521.88
$359,587.96	

$10,895.22

$10,895.22

$66,998.00

$442,705.31		

$41,883.50
$41,883.50

$1,075,415.30

$1,711,925.25		

$0.00

$0.00

$0.00		

$0.00

$0.00

$0.00		
$10,895.22 41,883.50
$52,778.72

$1,142,413.30

$2,154,630.56	

$509,703.31		
$2,787,340.55		
$0.00		
$0.00		
$3,297,043.86	

Revenues
On-Roll Assessments Other Revenue
On-Roll Assessments Total Revenues
Expenses
Supervisor Fees Trustee Services Management Engineering Disclosure District Counsel
Assessment Administration Audit
Tax Preparation 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

Winter Garden Village at Fowler Groves
Budget to Actual
For The Month Ending 3/31/2026

Year To Date

	Actual		Budget		Variance		Adopted Budget	

$	

102,168.86		

$	

63,512.52		

$	

38,656.34		

$ 127,025.00	
	2,000.00			-			2,000.00		-	
	39,522.00			39,522.00			-		79,043.95	
$	143,690.86		$	103,034.52		$	40,656.34		$ 206,068.95	

$	
1,200.00		
$	
799.98		
$	
400.02		
$	1,600.00	
	6,818.25			4,999.98			1,818.27		10,000.00	
	11,500.02			11,500.02			-		23,000.00	
	470.00			10,000.02			(9,530.02)		20,000.00	
	1,000.00			750.00			250.00		1,500.00	
	-			2,500.02			(2,500.02)		5,000.00	
	8,162.25			15,000.00			(6,837.75)		30,000.00	
	5,000.00			2,500.02			2,499.98		5,000.00	
	-			124.98			(124.98)		250.00	
	4,200.00			2,050.02			2,149.98		4,100.00	
	-			250.02			(250.02)		500.00	
	32.25			12.48			19.77		25.00	
	1.48			100.02			(98.54)		200.00	
	-			100.02			(100.02)		200.00	
	173.83			1,000.02			(826.19)		2,000.00	
	-			975.00			(975.00)		1,950.00	
	-			300.00			(300.00)		600.00	
	-			87.48			(87.48)		175.00	
	1,350.00			1,350.00			-		2,700.00	
	-			3,750.00			(3,750.00)		7,500.00	
	175.00			87.48			87.52		175.00	
	7,983.00			4,208.04			3,774.96		8,416.10	
	-			30,000.00			(30,000.00)		60,000.00	
	-			1,999.98			(1,999.98)		4,000.00	
	-			8,588.94			(8,588.94)		17,177.85	
$	48,066.08		$	103,034.52		$	(54,968.44)		$ 206,068.95	
 $		48,066.08		 $		103,034.52		 $		(54,968.44)		  $	-	
$	95,624.78		$	-		$	95,624.78		$	-	

$	
10,895.22		
$	
-		
$	10,895.22		
$	-	
$	10,895.22		$	-		$	10,895.22		$	-	
$	106,520.00		$	-		$	106,520.00		$	-	

FY 2026

Percentage

Revenues
On-Roll Assessments Other Revenue
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)

80.43%
0.00%
2.53%

0.00%

75.00%
68.18%
50.00%
2.35%
66.67%
0.00%
27.21%
100.00%
0.00%
102.44%
0.00%
129.00%
0.74%
0.00%
8.69%
0.00%
0.00%
0.00%
50.00%
0.00%
100.00%
94.85%
0.00%
0.00%
0.00%

0.00%