The Village of Gulfstream Park CDD
October 2025 Financial Report

October 31, 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 10/31/2025	

General	

Debt Service		
General Long-Term Debt			

Total	
		Assets							
Current Assets								
General Checking Account	$	481.45					$	481.45	
Accounts Receivable - Due from Developer	3,145.00						3,145.00	
Debt Service Reserve Bond		$  2,180,331.50					2,180,331.50	
Revenue Bond		1,702,093.75					1,702,093.75	
Prepayment Bond		44,545.01					44,545.01	
User Fee Bond		78,268.81					78,268.81	
Custody Bond	
	54,653.64					54,653.64	
Total Current Assets	$	3,626.45	$  4,059,892.71		$	-		$	4,063,519.16	

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

$	4,059,892.71		

$	

4,059,892.71	
					37,310,107.29			37,310,107.29	
	$	-	$	-		$	41,370,000.00		$	41,370,000.00	
Total Assets	
$	3,626.45	$  4,059,892.71		$	41,370,000.00		$	45,433,519.16	

Liabilities and Net Assets	
Current Liabilities Accounts Payable Deferred Revenue
Total Current Liabilities	

$	3,353.37					

$	

3,353.37	
	3,145.00						3,145.00	
	
$	6,498.37	$	-		$	-		$	6,498.37	

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	$	6,498.37	$	-		$	41,370,000.00		$	41,376,498.37	

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government	

$	

(1,730.72)

(1,141.20)					

$	

(1,730.72)

(1,141.20)	
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted			$  3,029,313.35
1,030,579.36					3,029,313.35
1,030,579.36	
Total Net Assets	
$	(2,871.92)	$  4,059,892.71		$	-		$	4,057,020.79	

						
Total Liabilities and Net Assets	$	3,626.45	$  4,059,892.71		$	41,370,000.00		$	45,433,519.16	

The Village at Gulfstream Park CDD
Statement of Activities As of 10/31/2025

	General		Debt Service		General Long-			Total	
					Term Debt				
Revenues									
Developer Contributions	$ 32,836.29						$	32,836.29	
Other Assessments			$  1,004,790.27					1,004,790.27	
User Fee Revenue			9,659.40					9,659.40	
Tenant Fees			16,129.69					16,129.69	
Total Revenues	$ 32,836.29		$  1,030,579.36		$	-		$	1,063,415.65	
Expenses									
Public Officials' Liability Insurance	$	5,520.00						$	5,520.00	
Trustee Services	8,465.62							8,465.62	
Web Site Maintenance	145.00							145.00	
Dues, Licenses, and Fees	175.00							175.00	
General Insurance	5,905.00							5,905.00	
Property & Casualty	13,279.00							13,279.00	
Additional Insurance	500.00							500.00	
Total Expenses	$ 33,989.62		$	-		$	-		$	33,989.62	
Other Revenues (Expenses) & Gains (Losses)									
Interest Income	$	12.13						$	12.13	
Total Other Revenues (Expenses) & Gains (Losses)	$	12.13		$	-		$	-		$	12.13	
Change In Net Assets	$  (1,141.20)		$  1,030,579.36		$	-		$	1,029,438.16	

Net Assets At Beginning Of Period	$  (1,730.72)		$  3,029,313.35		$	-		$	3,027,582.63	

Net Assets At End Of Period	
$  (2,871.92)		
$  4,059,892.71		
$	-		
$	
4,057,020.79	

The Village at Gulfstream Park CDD
Budget to Actual
For the Month Ending 10/31/2025	

YTD Actual		

YTD Budget	

YTD Variance			
FY 2026
Adopted Budget	

Percentage Spent	

Revenues													
Developer Contributions	$	32,836.29		$	10,641.88	$	22,194.41		$	127,702.50	25.71%	
Net Revenues	$	32,836.29		$	10,641.88	
$	22,194.41		$	127,702.50	
25.71%	
General & Administrative Expenses									
Supervisor Fees	$	-		$	33.33	$	(33.33)		$	400.00	0.00%	
Public Officials' Liability Insurance	5,520.00		488.25	5,031.75			5,859.00	94.21%	
Additional Insurance	500.00		112.50	387.50			1,350.00	37.04%	
Trustee Services	8,465.62		916.67	7,548.95			11,000.00	76.96%	
Management	-		2,708.33	(2,708.33)			32,500.00	0.00%	
Engineering	-		583.33	(583.33)			7,000.00	0.00%	
District Counsel	-		2,500.00	(2,500.00)			30,000.00	0.00%	
Audit	-		416.67	(416.67)			5,000.00	0.00%	
Arbitrage Calculation	-		54.17	(54.17)			650.00	0.00%	
Travel and Per Diem	-		33.33	(33.33)			400.00	0.00%	
Postage & Shipping	-		8.33	(8.33)			100.00	0.00%	
Tax Preparation	-		4.17	(4.17)			50.00	0.00%	
Legal Advertising	-		291.67	(291.67)			3,500.00	0.00%	
Miscellaneous	-		543.30	(543.30)			6,519.50	0.00%	
Web Site Maintenance	145.00		245.00	(100.00)			2,940.00	4.93%	
Dues, Licenses, and Fees	175.00		14.58	160.42			175.00	100.00%	
General Insurance	5,905.00		522.25	5,382.75			6,267.00	94.22%	
Property & Casualty	13,279.00		1,166.00	12,113.00			13,992.00	94.90%	
Total General & Administrative Expenses	$	33,989.62		$	10,641.88	
$	23,347.74		$	127,702.50	
26.62%	
Total Expenses	 $	33,989.62   $	10,641.88 	 $	23,347.74 		 $ 	127,702.50 		26.62%	
Income (Loss) from Operations	$	(1,153.33)		$	-		$	(1,153.33)		$	-		
Other Income (Expense)
Interest Income	

$	

12.13		

$	-	

$	12.13		

$	

-		
Total Other Income (Expense)	$	12.13		$	-	
$	12.13		$	-		
Net Income (Loss)	$	(1,141.20)		$	-		$	(1,141.20)		$	-