Sanctuary Cove CDD
March 2026 Financial Package

March 31, 2026

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

	Sanctuary Cove CDD					
Statement of Financial Position	
	As of 3/31/2026					
	
General Fund		S2021 Debt Service Fund		
Long Term Debt Group		
Total	
	
Assets					
Current Assets						
General Checking Account	$161,935.31				$161,935.31	
Assessments Receivable	1,877.83				1,877.83	
Assessments Receivable	$3,200.70				3,200.70	
Series 2021 Debt Service Reserve	43,681.25				43,681.25	
Series 2021 Revenue	212,909.99				212,909.99	
Total Current Assets	$163,813.14	$259,791.94		$0.00		$423,605.08	

Investments						
Amount Available in Debt Service Funds			$256,591.24		$256,591.24	
Amount To Be Provided	
 		2,683,408.76		2,683,408.76	
Total Investments	$0.00	$0.00		$2,940,000.00		$2,940,000.00	
Total Assets	$163,813.14	$259,791.94		$2,940,000.00		$3,363,605.08	

Liabilities and Net Assets					
Current Liabilities						
Accounts Payable	$2,347.50				$2,347.50	
Deferred Revenue	1,877.83				1,877.83	
Deferred Revenue	$3,200.70				3,200.70	
Total Current Liabilities	$4,225.33	$3,200.70		$0.00		$7,426.03	

Long Term Liabilities						
Revenue Bonds Payable - Long-Term	
 		$2,940,000.00		$2,940,000.00	
Total Long Term Liabilities	$0.00	$0.00		$2,940,000.00		$2,940,000.00	
Total Liabilities	$4,225.33	$3,200.70		$2,940,000.00		$2,947,426.03	

Net Assets	 					
Net Assets - General Government	$95,493.82				$95,493.82	
Current Year Net Assets - General Government	64,093.99				64,093.99	
Net Assets, Unrestricted	$138,406.50				138,406.50	
Current Year Net Assets, Unrestricted	118,184.74				118,184.74	
Total Net Assets	$159,587.81	$256,591.24		$0.00		$416,179.05	

 					
Total Liabilities and Net Assets	$163,813.14	$259,791.94		$2,940,000.00		$3,363,605.08	

Revenues
On-Roll Assessments On-Roll Assessments
Total Revenues

Expenses
Insurance Trustee Services Management Disclosure District Counsel
Assessment Administration Audit
Tax Preparation Postage & Shipping Web Site Maintenance
Dues, Licenses, and Fees Insurance - General Other Insurance
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 3/31/202	6		

General Fund		S2021 Debt Service Fund	

$99,201.32			
		$167,315.01	
$99,201.32		$167,315.01	

$3,676.00			
4,256.13			
10,000.02			
1,000.00			
346.00			
7,500.00			
4,900.00			
21.83			
0.74			
1,350.00			
175.00			
4,219.00			
500.00			
		$51,375.00	
$37,944.72		$51,375.00	

$2,837.39			
		$2,244.73	
$2,837.39		$2,244.73	
$64,093.99		$118,184.74	
$95,493.82		$138,406.50	

$159,587.81		
$256,591.24	

Long Term Debt Group	Total	

$0.00	
$99,201.32 167,315.01
$266,516.33	

$0.00	
$3,676.00 4,256.13
10,000.02
1,000.00
346.00
7,500.00
4,900.00
21.83
0.74
1,350.00
175.00
4,219.00
500.00
51,375.00
$89,319.72	

$0.00

$0.00

$0.00

$0.00	
$2,837.39 2,244.73
$5,082.12

$182,278.73

$233,900.32

$416,179.05	

Statement of Activities

	 

Budget to Actual
For The Month Ending 3/31/2026

Year To Date

Actual		Budget		Variance		Adopted Budget		Percentage	

$99,201.32			

$50,020.02			

$49,181.30		

$ 100,040.00		

99.16%	
	$99,201.32			$50,020.02			$49,181.30		$ 100,040.00		99.16%	

$	
-		
$	
1,999.98		
$	
(1,999.98)		
$	4,000.00		
0.00%	
	3,676.00			1,951.02			1,724.98		3,902.00		94.21%	
	4,256.13			3,000.00			1,256.13		6,000.00		70.94%	
	10,000.02			10,000.02			-		20,000.00		50.00%	
	-			1,000.02			(1,000.02)		2,000.00		0.00%	
	1,000.00			499.98			500.02		1,000.00		100.00%	
	346.00			6,000.00			(5,654.00)		12,000.00		2.88%	
	7,500.00			3,750.00			3,750.00		7,500.00		100.00%	
	-			62.52			(62.52)		125.00		0.00%	
	4,900.00			2,449.98			2,450.02		4,900.00		100.00%	
	21.83			4.98			16.85		10.00		218.30%	
	-			7.50			(7.50)		15.00		0.00%	
	0.74			124.98			(124.24)		250.00		0.30%	
	-			100.02			(100.02)		200.00		0.00%	
	-			2,749.98			(2,749.98)		5,500.00		0.00%	
	-			3,750.00			(3,750.00)		7,500.00		0.00%	
	-			25.02			(25.02)		50.00		0.00%	
	-			8,500.02			(8,500.02)		17,000.00		0.00%	
	-			67.50			(67.50)		135.00		0.00%	
	1,350.00			1,350.00			-		2,700.00		50.00%	
	175.00			87.48			87.52		175.00		100.00%	
	4,219.00			2,239.02			1,979.98		4,478.00		94.22%	
	500.00			250.02			249.98		500.00		100.00%	
	-			49.98			(49.98)		100.00		0.00%	
$	37,944.72		$	50,020.02		$	(12,075.30)		$ 100,040.00		37.93%	
 $		37,944.72		 $		50,020.02		 $		12,075.30		  $	-			
$	61,256.60		$	-		$	61,256.60		$	-			

$	
2,837.39		
$	
-		
$	2,837.39		
$	-			
$	2,837.39		$	-		$	2,837.39					
$	64,093.99		$	-		$	64,093.99		$	-			

FY2026

Revenues
On-Roll Assessments
Net Revenues
General & Administrative Expenses
Supervisor Fees Insurance Trustee Services Management Engineering Disclosure District Counsel
Assessment Administration Reamortization Schedule Audit
Tax Preparation Telephone
Postage & Shipping Copies
Legal Advertising Reserve Study Bank Fees Reserves
Office Supplies
Web Site Maintenance Dues, Licenses, and Fees Insurance - General Other Insurance Landscape Management
Total General & Administrative Expenses

Total Expenses

Income (Loss) from Operations

Other Income (Expense)
Interest Income
Total Other Income (Expense)
Net Income (Loss)