The Village of Gulfstream Park CDD
September 2025 Financial Report

September 30, 2025

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

The Village at Gulfstream Park CDD
Statement of Financial Position As of 9/30/2025	
		
General	
Debt Service		
General Long-Term Debt			
Total	
		Assets							
Current Assets								
General Checking Account	$	98.80					$	98.80	
Accounts Receivable - Due from Developer	14,901.14						14,901.14	
Prepaid Expenses	833.33						833.33	
Debt Service Reserve Bond		$  2,213,742.48					2,213,742.48	
Revenue Bond		415,978.10					415,978.10	
Prepayment Bond		3,371.48					3,371.48	
User Fee Bond		227,922.12					227,922.12	
Custody Bond	
	158,006.42					158,006.42	
Total Current Assets	$	15,833.27	$  3,019,020.60		$	-		$	3,034,853.87	

Investments
Amount Available in Debt Service Funds Amount To Be Provided
Total Investments					

$	3,019,020.60		

$	

3,019,020.60	
					38,350,979.40			38,350,979.40	
	$	-	$	-		$  41,370,000.00		$	41,370,000.00	
Total Assets	$	15,833.27	$  3,019,020.60		$  41,370,000.00		$	44,404,853.87	

Liabilities and Net Assets	
Current Liabilities Accounts Payable Deferred Revenue
Total Current Liabilities	
$	14,738.99					
$	
14,738.99	
	2,825.00						2,825.00	
	$	17,563.99	$	-		$	-		$	17,563.99	

Long Term Liabilities
Revenue Bonds Payable - Long-Term Total Long Term Liabilities					

$  41,370,000.00		

$	

41,370,000.00	
	$	-	$	-		$  41,370,000.00		$	41,370,000.00	
Total Liabilities	$	17,563.99	$	-		$  41,370,000.00		$	41,387,563.99	

Net Assets								
Net Assets, Unrestricted	$	839.39					$	839.39	
Net Assets - General Government	3,179.59						3,179.59	
Current Year Net Assets - General Government	(5,749.70)						(5,749.70)	
Net Assets, Unrestricted		$  2,948,433.69					2,948,433.69	
Current Year Net Assets, Unrestricted		70,586.91					70,586.91	
Net Assets, Unrestricted							(173,579.87)	
Net Assets, Unrestricted	
						173,579.87	
Total Net Assets	$	(1,730.72)	$  3,019,020.60		$	-		$	3,017,289.88	

						
Total Liabilities and Net Assets	$	15,833.27	$  3,019,020.60		$  41,370,000.00		$	44,404,853.87	

The Village at Gulfstream Park CDD
Statement of Activities As of 9/30/2025	
	
General		
Debt Service		
General Long-Term Debt			
Total	

Revenues									
Developer Contributions	$ 80,030.84						$	80,030.84	
Other Assessments			$  3,975,461.78					3,975,461.78	
User Fee Revenue			259,283.80					259,283.80	
Tenant Fees			202,002.21					202,002.21	
Intergovernmental Revenues			414,223.00					414,223.00	
Total Revenues	$ 80,030.84		$  4,850,970.79		$	-		$	4,931,001.63	
Expenses									
Public Officials' Liability Insurance	$	5,208.00						$	5,208.00	
Trustee Services	11,658.76							11,658.76	
Management	32,500.00							32,500.00	
District Counsel	8,327.50							8,327.50	
Reamortization Schedules	500.00							500.00	
Audit	4,600.00							4,600.00	
Arbitrage Calculation	650.00							650.00	
Postage & Shipping	15.99							15.99	
Legal Advertising	885.01							885.01	
Web Site Maintenance	2,820.00							2,820.00	
Dues, Licenses, and Fees	175.00							175.00	
General Insurance	5,571.00							5,571.00	
Property & Casualty	12,956.00							12,956.00	
Principal Payments			$  1,920,000.00					1,920,000.00	
Interest Payments			2,976,187.50					2,976,187.50	
Total Expenses	$ 85,867.26		$  4,896,187.50		$	-		$	4,982,054.76	
Other Revenues (Expenses) & Gains (Losses)									
Interest Income	$	86.72						$	86.72	
Interest Income			$	115,803.62				$	115,803.62	
Total Other Revenues (Expenses) & Gains (Losses)	$	86.72		$	115,803.62		$	-		$	115,890.34	
Change In Net Assets	$  (5,749.70)		$	70,586.91		$	-		$	64,837.21	
Net Assets At Beginning Of Year	$	4,018.98		$  2,948,433.69		$	-		$	2,952,452.67	

Net Assets At End Of Year	
$  (1,730.72)		
$  3,019,020.60		
$	-		
$	
3,017,289.88	

The Village at Gulfstream Park CDD
Budget to Actual
For the Month Ending 9/30/2025	

YTD Actual		

YTD Budget	

YTD Variance			
FY 2025
Adopted Budget	

Percentage Spent	

Revenues													
Developer Contributions	$	80,030.84		$	127,702.50	$	(47,671.66)		$	127,702.50	62.67%	
Net Revenues	$	80,030.84		$	127,702.50	
$	(47,671.66)		$	127,702.50	
62.67%	
General & Administrative Expenses									
Supervisor Fees	$	-		$	400.00	$	(400.00)		$	400.00	0.00%	
Public Officials' Liability Insurance	5,208.00		5,400.00	(192.00)			5,400.00	96.44%	
Trustee Services	11,658.76		11,000.00	658.76			11,000.00	105.99%	
Management	32,500.00		32,500.00	-			32,500.00	100.00%	
Engineering	-		7,000.00	(7,000.00)			7,000.00	0.00%	
District Counsel	8,327.50		30,000.00	(21,672.50)			30,000.00	27.76%	
Reamortization Schedules	500.00		-	500.00			-		
Audit	4,600.00		5,000.00	(400.00)			5,000.00	92.00%	
Arbitrage Calculation	650.00		650.00	-			650.00	100.00%	
Travel and Per Diem	-		400.00	(400.00)			400.00	0.00%	
Postage & Shipping	15.99		100.00	(84.01)			100.00	15.99%	
Copies	-		50.00	(50.00)			50.00	0.00%	
Legal Advertising	885.01		3,500.00	(2,614.99)			3,500.00	25.29%	
Miscellaneous	-		9,207.50	(9,207.50)			9,207.50	0.00%	
Web Site Maintenance	2,820.00		2,820.00	-			2,820.00	100.00%	
Dues, Licenses, and Fees	175.00		175.00	-			175.00	100.00%	
General Insurance	5,571.00		6,000.00	(429.00)			6,000.00	92.85%	
Property & Casualty	12,956.00		13,500.00	(544.00)			13,500.00	95.97%	
Total General & Administrative Expenses	$	85,867.26		$	127,702.50	
$	(41,835.24)		$	127,702.50	
67.24%	
Total Expenses	 $	85,867.26   $	127,702.50 	 $	(41,835.24)		 $ 	127,702.50 		67.24%	
Income (Loss) from Operations	$	(5,836.42)		$	-		$	(5,836.42)		$	-		
Other Income (Expense)
Interest Income	

$	

86.72		

$	-	

$	86.72		

$	

-		
Total Other Income (Expense)	$	86.72		$	-	
$	86.72		$	-		
Net Income (Loss)	$	(5,749.70)		$	-		$	(5,749.70)		$	-