Sanctuary Cove CDD
March 2025 Financial Package

March 31, 2025

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

Sanctuary Cove CDD Statement of Financial Position As of 3/31/2025

General Fund	S2021 Debt Service Fund		S2021 Capital Projects Fund	Long Term Debt Group	Total	
	
Assets			

$118,339.62			
$118,339.62	
4,278.38			4,278.38	
	$8,982.70		8,982.70	
	1,638.84		1,638.84	
	43,681.25		43,681.25	
	201,497.89		201,497.89	
$122,618.00	$255,800.68		$0.00	$0.00

$245,179.14 2,764,820.86	$378,418.68

$245,179.14 2,764,820.86	
$0.00	$0.00		$0.00	$3,010,000.00	$3,010,000.00	
$122,618.00	$255,800.68		$0.00	$3,010,000.00	$3,388,418.68	

Current Assets
General Checking Account Assessments Receivable Assessments Receivable Due From Other Funds
Series 2021 Debt Service Reserve Series 2021 Revenue
Total Current Assets

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

Total Assets

Liabilities and Net Assets

Current Liabilities

Accounts Payable	$11,527.67								$11,527.67	
Due To Other Funds	1,638.84								1,638.84	
Deferred Revenue	4,278.38								4,278.38	
Deferred Revenue			$8,982.70						8,982.70	
Total Current Liabilities	$17,444.89		$8,982.70		$0.00		$0.00		$26,427.59	

Long Term Liabilities

Revenue Bonds Payable - Long-Term							$3,010,000.00		$3,010,000.00	
Total Long Term Liabilities	$0.00		$0.00		$0.00		$3,010,000.00		$3,010,000.00	

    

Total Liabilities

Net Assets

$17,444.89	$8,982.70	$0.00

$3,010,000.00	$3,036,427.59

Net Assets - General Government	$70,469.96								$70,469.96	
Current Year Net Assets - General Govt	34,703.15								34,703.15	
Net Assets, Unrestricted			$133,220.72						133,220.72	
Current Year Net Assets, Unrestricted			113,597.26						113,597.26	
Total Net Assets	$105,173.11		$246,817.98		$0.00		$0.00		$351,991.09	
										
Total Liabilities and Net Assets	$122,618.00		$255,800.68		$0.00		$3,010,000.00		$3,388,418.68	

Sanctuary Cove CDD Statement of Activities As of 3/31/2025

General Fund	S2021 Debt
Service Fund		

S2021 Capital Projects Fund		

Long Term Debt Group		

Total	

$77,736.76

$77,736.76		

$163,212.78
$163,212.78		

$0.00		

$0.00		

$77,736.76 163,212.78
$240,949.54	

$200.00 3,468.00
4,148.38
6,250.02
1,000.00
6,537.88
7,500.00
4,800.00
15.87
183.53
6,000.00
960.00
175.00
3,980.00

$45,218.68		

$52,118.75
$52,118.75		

$0.00		

$0.00		
$200.00 3,468.00
4,148.38
6,250.02
1,000.00
6,537.88
7,500.00
4,800.00
15.87
183.53
6,000.00
960.00
175.00
3,980.00
52,118.75
$97,337.43	

$2,185.07

$2,185.07

$34,703.15

$70,469.96		

$2,503.23
$2,503.23

$113,597.26

$133,220.72		

$0.00

$0.00

$0.00		

$0.00

$0.00

$0.00		
$2,185.07 2,503.23
$4,688.30

$148,300.41

$203,690.68	

$105,173.11		

$246,817.98		

$0.00		

$0.00		

$351,991.09	

Revenues

On-Roll Assessments On-Roll Assessments
Total Revenues

Expenses

Supervisor Fees Insurance Trustee Services Management Disclosure District Counsel
Assessment Administration Audit
Postage & Shipping Legal Advertising Reserves
Web Site Maintenance Dues, Licenses, and Fees Insurance - General 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

Sanctuary Cove CDD
Budget to Actual
For The Month Ending 3/31/2025	

Actual		
Year To Date Budget	

Variance		

FY25
Adopted Budget		

Percentage	

$77,736.76		
$41,007.48	
$36,729.28		
$82,015.00		
94.78%	
$77,736.76		$41,007.48	$36,729.28		$82,015.00		94.78%	

$200.00		
$1,500.00	
$(1,300.00)		
$3,000.00		
6.67%	
3,468.00		1,834.50	1,633.50		3,669.00		94.52%	
4,148.38		3,000.00	1,148.38		6,000.00		69.14%	
6,250.02		6,250.02	-		12,500.00		50.00%	
-		1,000.02	(1,000.02)		2,000.00		0.00%	
1,000.00		2,500.02	(1,500.02)		5,000.00		20.00%	
6,537.88		6,000.00	537.88		12,000.00		54.48%	
7,500.00		3,750.00	3,750.00		7,500.00		100.00%	
-		62.52	(62.52)		125.00		0.00%	
4,800.00		2,449.98	2,350.02		4,900.00		97.96%	
-		250.02	(250.02)		500.00		0.00%	
-		7.50	(7.50)		15.00		0.00%	
15.87		124.98	(109.11)		250.00		6.35%	
-		100.02	(100.02)		200.00		0.00%	
183.53		2,749.98	(2,566.45)		5,500.00		3.34%	
-		25.02	(25.02)		50.00		0.00%	
6,000.00		5,793.00	207.00		11,586.00		51.79%	
-		67.50	(67.50)		135.00		0.00%	
960.00		1,300.02	(340.02)		2,600.00		36.92%	
175.00		87.48	87.52		175.00		100.00%	
3,980.00		2,104.98	1,875.02		4,210.00		94.54%	
-		49.92	(49.92)		100.00		0.00%	
$45,218.68		$41,007.48	$4,211.20		$82,015.00		55.13%	
	$45,218.68			$41,007.48			$4,211.20		 $82,015.00 			
$32,518.08		$0.00	$32,518.08		$0.00			

$2,185.07		
$0.00	
$2,185.07		
$0.00			
$2,185.07		$0.00	$2,185.07		$0.00			

$34,703.15		
$0.00	
$34,703.15		
$0.00			

Revenues
On-Roll Assessments

Net Revenues
General & Administrative Expenses
Supervisor Fees Insurance Trustee Services Management Engineering Disclosure District Counsel
Assessment Administration Reamortization Schedule Audit
Arbitrage Calculation Telephone
Postage & Shipping Copies
Legal Advertising Bank Fees Reserves
Office Supplies
Web Site Maintenance Dues, Licenses, and Fees Insurance - General Landscape Management
Total General & Administrative Expenses Total Expenses
Income (Loss) from Operations

Other Income (Expense)
Interest Income

Total Other Income (Expense)

Net Income (Loss)