Winter Garden Village at Fowler Groves CDD
April 2026 Financial Package

April 30, 2026

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

Statement of Financial Position As of 4/30/2026

General Fund	Debt Service Fund

Capital Projects Fund

Long Term Debt Group

Total

	Assets		
Current Assets
General Checking Account	

$355,531.92							

$355,531.92	
Money Market Account	170,503.89							170,503.89	
Assessments Receivable	474.64							474.64	
Prepaid Expenses	565.14							565.14	
Assessments Receivable		$7,695.06						7,695.06	
Debt Service Reserve 2016A		651,282.00						651,282.00	
Revenue 2016A		2,378,011.17						2,378,011.17	
General 2016A	
	5,361.44						5,361.44	
Total Current Assets	$527,075.59	$3,042,349.67		$0.00		$0.00		$3,569,425.26	

Investments									
Amount Available in Debt Service Funds							$3,034,654.61		$3,034,654.61	
Amount To Be Provided							12,700,345.39		12,700,345.39	
Total Investments	$0.00		$0.00		$0.00		$15,735,000.00		$15,735,000.00	
Total Assets	$527,075.59		$3,042,349.67		$0.00		$15,735,000.00		$19,304,425.26	

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$600.00								$600.00	
Deferred Revenue	474.64								474.64	
Deferred Revenue			$7,695.06						7,695.06	
Total Current Liabilities	$1,074.64		$7,695.06		$0.00		$0.00		$8,769.70	

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

Net Assets

$1,074.64	$7,695.06	$0.00	$15,735,000.00	$15,743,769.70

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	81,295.64								81,295.64	
Net Assets, Unrestricted			$1,853,145.25						1,853,145.25	
Current Year Net Assets, Unrestricted			1,322,729.36						1,322,729.36	
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	$526,000.95		$3,034,654.61		$0.00		$0.00		$3,560,655.56	
										
Total Liabilities and Net Assets	$527,075.59		$3,042,349.67		$0.00		$15,735,000.00		$19,304,425.26	

Statement of Activities As of 4/30/2026

General Fund	Debt Service
Fund

Capital Projects Fund

Long Term Debt Group

Total

Revenues

On-Roll Assessments	$126,550.36								$126,550.36	
Other Revenue	2,000.00								2,000.00	
On-Roll Assessments			$1,584,151.88						1,584,151.88	
Total Revenues	$128,550.36		$1,584,151.88		$0.00		$0.00		$1,712,702.24	

Expenses

Supervisor Fees	$1,800.00								$1,800.00	
Trustee Services	6,818.25								6,818.25	
Management	13,416.69								13,416.69	
Engineering	2,115.00								2,115.00	
Disclosure	1,000.00								1,000.00	
District Counsel	12,942.75								12,942.75	
Assessment Administration	5,000.00								5,000.00	
Audit	4,200.00								4,200.00	
Arbitrage	500.00								500.00	
Tax Preparation	32.25								32.25	
Postage & Shipping	1.48								1.48	
Legal Advertising	211.17								211.17	
Web Site Maintenance	1,475.00								1,475.00	
Dues, Licenses, and Fees	175.00								175.00	
General Insurance	7,983.00								7,983.00	
Interest Payments			$311,521.88						311,521.88	
Total Expenses	$57,670.59		$311,521.88		$0.00		$0.00		$369,192.47	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$12,415.87								$12,415.87	
Interest Income			$50,099.36						50,099.36	
Total Other Revenues (Expenses) & Gains (Losses)	$12,415.87		$50,099.36		$0.00		$0.00		$62,515.23	
Change In Net Assets	$83,295.64		$1,322,729.36		$0.00		$0.00		$1,406,025.00	

Net Assets At Beginning Of Year	$442,705.31		$1,711,925.25		$0.00		$0.00		$2,154,630.56	

Net Assets At End Of Year	

$526,000.95		

$3,034,654.61		

$0.00		

$0.00		

$3,560,655.56	

Budget to Actual
For the Month Ending 4/30/2026

Year To Date

Actual	Budget	Variance

FY 2026
Adopted Budget

Percentage

Revenues

On-Roll Assessments	$	126,550.36		$	74,097.94		$	52,452.42		$ 127,025.00		99.63%	
Other Revenue	2,000.00		-		2,000.00		-		-	
Carry Forward Revenue	46,109.00		46,109.00		-		79,043.95		58.33%	
Net Revenues	$	174,659.36		$	120,206.94		$	54,452.42		$ 206,068.95		84.76%	

General & Administrative Expenses

Supervisor Fees	$	1,800.00		$	933.31		$	866.69		$	1,600.00		112.50%	
Trustee Services	6,818.25		5,833.31		984.94		10,000.00		68.18%	
Management	13,416.69		13,416.69		-		23,000.00		58.33%	
Engineering	2,115.00		11,666.69		(9,551.69)		20,000.00		10.58%	
Disclosure	1,000.00		875.00		125.00		1,500.00		66.67%	
Property Appraiser	-		2,916.69		(2,916.69)		5,000.00		0.00%	
District Counsel	12,942.75		17,500.00		(4,557.25)		30,000.00		43.14%	
Assessment Administration	5,000.00		2,916.69		2,083.31		5,000.00		100.00%	
Reamortization Schedule	-		145.81		(145.81)		250.00		0.00%	
Audit	4,200.00		2,391.69		1,808.31		4,100.00		102.44%	
Arbitrage	500.00		291.69		208.31		500.00		100.00%	
Tax Preparation	32.25		14.56		17.69		25.00		129.00%	
Postage & Shipping	1.48		116.69		(115.21)		200.00		0.74%	
Copies	-		116.69		(116.69)		200.00		0.00%	
Legal Advertising	211.17		1,166.69		(955.52)		2,000.00		10.56%	
Contingency	-		1,137.50		(1,137.50)		1,950.00		0.00%	
Meeting Room	-		350.00		(350.00)		600.00		0.00%	
Office Supplies	-		102.06		(102.06)		175.00		0.00%	
Web Site Maintenance	1,475.00		1,575.00		(100.00)		2,700.00		54.63%	
Field Supplies (Other)	-		4,375.00		(4,375.00)		7,500.00		0.00%	
Dues, Licenses, and Fees	175.00		102.06		72.94		175.00		100.00%	
General Insurance	7,983.00		4,909.38		3,073.62		8,416.10		94.85%	
Pond Maintenance	-		35,000.00		(35,000.00)		60,000.00		0.00%	
Hurricane Cleanup	-		2,333.31		(2,333.31)		4,000.00		0.00%	
Reserve	-		10,020.43		(10,020.43)		17,177.85		0.00%	
Total General & Administrative Expenses	$	57,670.59		$	120,206.94		$	(62,536.35)		$ 206,068.95		27.99%	

Total Expenses

Interest Income	$	12,415.87		$	-	$	12,415.87		$	-	
Total Other Income (Expense)	$	12,415.87		$	-	$	12,415.87		$	-	
Net Income (Loss)	$	129,404.64		$	-	$	129,404.64		$	-	

Income (Loss) from Operations Other Income (Expense)

 $	57,670.59	 $	120,206.94	 $	(62,536.35)		$	-

$	116,988.77	$	-	$	116,988.77	$	-