Sanctuary Cove CDD
June 2025 Financial Package

June 30, 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 6/30/2025	
	
General Fund		
S2021 Debt Service Fund		
Long Term Debt Group		
Total	
	
Assets							
Current Assets								
General Checking Account	$107,947.36						$107,947.36	
Series 2021 Debt Service Reserve			$43,681.25				43,681.25	
Series 2021 Revenue	
		92,941.14				92,941.14	
Total Current Assets	$107,947.36		$136,622.39		$0.00		$244,569.75	

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

$136,622.39		

$136,622.39	
	
				2,803,377.61		2,803,377.61	
	$0.00		$0.00		$2,940,000.00		$2,940,000.00	
Total Assets	$107,947.36		$136,622.39		$2,940,000.00		$3,184,569.75	

Liabilities and Net Assets	
Current Liabilities
Accounts Payable
Total Current Liabilities	
$5,024.17						
$5,024.17	
	$5,024.17		$0.00		$0.00		$5,024.17	

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

				

$2,940,000.00		

$2,940,000.00	
	$0.00		$0.00		$2,940,000.00		$2,940,000.00	
Total Liabilities	$5,024.17		$0.00		$2,940,000.00		$2,945,024.17	

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

Total Net Assets	

$70,469.96						

$70,469.96	
	32,453.23						32,453.23	
			$133,220.72				133,220.72	
	
		3,401.67				3,401.67	
	$102,923.19		$136,622.39		$0.00		$239,545.58	

							
Total Liabilities and Net Assets	$107,947.36		$136,622.39		$2,940,000.00		$3,184,569.75	

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 Landscape Management Principal Payments 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

As of 6/30/2025			

General Fund		S2021 Debt Service Fund	Long Term Debt Group	
Total	

$82,435.87		
$82,435.87	
		$173,078.85		173,078.85	
$82,435.87		$173,078.85	$0.00	$255,514.72	

$400.00		
$400.00	
3,468.00		3,468.00	
4,148.38		4,148.38	
9,375.03		9,375.03	
1,000.00		1,000.00	
10,491.38		10,491.38	
7,500.00		7,500.00	
4,800.00		4,800.00	
20.01		20.01	
324.21		324.21	
6,100.00		6,100.00	
1,590.00		1,590.00	
175.00		175.00	
3,980.00		3,980.00	
100.00		100.00	
		$70,000.00		70,000.00	
		104,237.50		104,237.50	
$53,472.01		$174,237.50	$0.00	$227,709.51	

$3,489.37		
$3,489.37	
		$4,560.32		4,560.32	
$3,489.37		$4,560.32	$0.00	$8,049.69	
$32,453.23		$3,401.67	$0.00	$35,854.90	
$70,469.96		$133,220.72	$0.00	$203,690.68	

$102,923.19		

$136,622.39	

$0.00	

$239,545.58	

Statement of Activities

   

Sanctuary Cove CDD
Budget to Actual
For The Month Ending 6/30/2025

Year To Date

Actual		Budget		Variance		Adopted Budget	

$	

82,435.87		

$	

61,511.22		

$	

20,924.65		

$ 82,015.00	
$	82,435.87		$	61,511.22		$	20,924.65		$ 82,015.00	

$	
400.00		
$	
2,250.00		
$	
(1,850.00)		
$	3,000.00	
	3,468.00			2,751.75			716.25		3,669.00	
	4,148.38			4,500.00			(351.62)		6,000.00	
	9,375.03			9,375.03			-		12,500.00	
	-			1,500.03			(1,500.03)		2,000.00	
	1,000.00			3,750.03			(2,750.03)		5,000.00	
	10,491.38			9,000.00			1,491.38		12,000.00	
	7,500.00			5,625.00			1,875.00		7,500.00	
	-			93.78			(93.78)		125.00	
	4,800.00			3,674.97			1,125.03		4,900.00	
	-			375.03			(375.03)		500.00	
	-			11.25			(11.25)		15.00	
	20.01			187.47			(167.46)		250.00	
	-			150.03			(150.03)		200.00	
	324.21			4,124.97			(3,800.76)		5,500.00	
	-			37.53			(37.53)		50.00	
	6,100.00			8,689.50			(2,589.50)		11,586.00	
	-			101.25			(101.25)		135.00	
	1,590.00			1,950.03			(360.03)		2,600.00	
	175.00			131.22			43.78		175.00	
	3,980.00			3,157.47			822.53		4,210.00	
	100.00			74.88			25.12		100.00	
$	53,472.01		$	61,511.22		$	(8,039.21)		$ 82,015.00	
 $		53,472.01		 $		61,511.22		 $		(8,039.21)			$	-	
$	28,963.86		$	-		$	28,963.86		$	-	

$	
3,489.37		
$	
-		
$	3,489.37		
$	-	
$	3,489.37		$	-		$	3,489.37		$	-	
$	32,453.23		$	-		$	32,453.23		$	-	

FY25

Percentage

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)

100.51%

100.51%

13.33%
94.52%
69.14%
75.00%
0.00%
20.00%
87.43%
100.00%
0.00%
97.96%
0.00%
0.00%
8.00%
0.00%
5.89%
0.00%
52.65%
0.00%
61.15%
100.00%
94.54%
100.00%

65.20%