Grove Resort CDD
January 2026 Financial Package

January 31, 2026

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

Statement of Financial Position As of 1/31/2026

General Fund

Debt Service Fund

Capital Projects Fund

General Long	Total Term Debt

	Assets			
Current Assets				
General Checking Account	$676,157.15			
Assessments Receivable	669,720.22			
Assessments Receivable (17)		$540,294.06		
Assessments Receivable (22)		155,553.79		
Due From Other Funds		2,186.60		
Debt Service Reserve - Series 2017A		934,620.33		
Debt Service Reserve - Series 2022A		157,837.13		
Revenue - Series 2017A		682,362.46		
Interest - Series 2017A		248.90		
Interest - Series 2022A		14.72		
Prepayment A1 Bond		10,079.25		
Principal - Series 2017A		77.45		
Revenue - Series 2022A		10,803.14		
Acquisition/Construction - Series 2022A				$10,285.07	
Total Current Assets	$1,345,877.37	$2,494,077.83		$10,285.07	

  

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

Total Assets

Current Liabilities Accounts Payable Due To Other Funds Deferred Revenue Deferred Revenue Deferred Revenue
Total Current Liabilities

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

Total Liabilities

Net Assets
Net Assets, Unrestricted
Net Assets - General Government
Current Year Net Assets - General Government
Fund Balance Nonspendable Prepaid Net Assets, Unrestricted
Current Year Net Assets, Unrestricted
Net Assets, Unrestricted
Current Year Net Assets, Unrestricted

Total Net Assets

Total Liabilities and Net Assets

 
$0.00	$0.00

$1,345,877.37	$2,494,077.83

Liabilities and Net Assets

2,186.60
669,720.22

$675,555.87		

$540,294.06 155,553.79
$695,847.85	
$0.00		$0.00	
$675,555.87		$695,847.85	

($239,344.16) 677,695.96
142,445.70
89,524.00		

$2,057,429.31 (259,199.33)	
$670,321.50		$1,798,229.98	
			
$1,345,877.37		$2,494,077.83	

$3,649.05

 

$0.00

$10,285.07

$0.00

$0.00

$0.00

$0.00

$1,796,043.38 12,128,956.62
$13,925,000.00

$13,925,000.00		$676,157.15 669,720.22
540,294.06
155,553.79
2,186.60
934,620.33
157,837.13
682,362.46
248.90
14.72
10,079.25
77.45
10,803.14
10,285.07
$3,850,240.27

$1,796,043.38 12,128,956.62
$13,925,000.00

$17,775,240.27	

$0.00

$13,925,000.00
$13,925,000.00

$13,925,000.00		

$3,649.05 2,186.60
669,720.22
540,294.06
155,553.79
$1,371,403.72

$13,925,000.00
$13,925,000.00

$15,296,403.72	

$0.00

$13,925,000.00		

($239,344.16) 677,695.96
142,445.70
89,524.00
2,057,429.31
(259,199.33)
8,277.83
2,007.24

$2,478,836.55

$17,775,240.27	

$8,277.83 2,007.24

$10,285.07

$10,285.07

Capital Projects Fund		General Long Term Debt		Total	

$370,491.49	
				185.97	
				13,263.80	
				381,097.17	
				(1,923.75)	
$1,923.75				1,923.75	
$1,923.75		$0.00		$765,038.43	
				
$1,200.00	
				5,893.03	
				10,000.00	
				627.60	
				10,000.00	
				8,467.18	
				20,000.00	
				604.73	
				13.21	
				158.37	
				800.00	
				175.00	
				24,750.00	
				8,615.00	
				155,661.50	
				313.00	
				887.39	
				270,000.00	
				383,864.37	
$0.00		$0.00		$902,030.38	
				
$6,670.45	
				15,491.62	
$83.49				83.49	
$83.49		$0.00		$22,245.56	
$2,007.24		$0.00		($114,746.39)	
$8,277.83		$0.00		$2,593,582.94	

$10,285.07		

$0.00		

$2,478,836.55	

Statement of Activities As of 1/31/2026

Revenues

General Fund

Debt Service Fund

On-Roll Assessments	$370,491.49		
Off-Roll Assessments	185.97		
Other Income & Other Financing Sources	13,263.80		
On-Roll Assessments			$381,097.17	
Inter-Fund Group Transfers In			(1,923.75)	
Inter-Fund Transfers In				
Total Revenues	$383,941.26		$379,173.42	

Expenses

Supervisor Fees	$1,200.00		
Trustee Services	5,893.03		
Management	10,000.00		
Engineering	627.60		
Disclosure Agent	10,000.00		
District Counsel	8,467.18		
Assessment Administration	20,000.00		
Travel and Per Diem	604.73		
Postage & Shipping	13.21		
Legal Advertising	158.37		
Web Site Maintenance	800.00		
Dues, Licenses, and Fees	175.00		
Wetland Upland Maintenance	24,750.00		
General Liability Insurance	8,615.00		
Property & Casualty	155,661.50		
Cyber Liability	313.00		
Contingency	887.39		
Principal Payments - Series 2017A			$270,000.00	
Interest Payments - Series 2017A			383,864.37	
Total Expenses	$248,166.01		$653,864.37	

Other Revenues (Expenses) & Gains (Losses)

Interest Income Interest Income Interest Income
Total Other Revenues (Expenses) & Gains (Losses)	$6,670.45

$6,670.45		
$15,491.62

$15,491.62	
Change In Net Assets	$142,445.70		($259,199.33)	

Net Assets At Beginning Of Year	$527,875.80		$2,057,429.31	

Net Assets At End Of Year	

$670,321.50		

$1,798,229.98	

		Grove Resort CDD				
		Budget to Actual				
For The Month Ending 1/31/2026	

Year To Date	
		Actual	Budget			FY 2026
Variance	Adopted Budget	

Revenues						
On-Roll Assessments	$	370,491.49	$	346,548.68		$	23,942.81	$ 1,039,646.09	
Off-Roll Assessments		185.97	109.64			76.33	328.91	
Other Income & Other Financing Sources		13,263.80	30,000.00			(16,736.20)	90,000.00	
Net Revenues	$	383,941.26	$	376,658.32		$	7,282.94	$ 1,129,975.00	
General & Administrative Expenses						
Supervisor Fees	$	1,200.00	$	1,600.00		$	(400.00)	$	4,800.00	
Trustee Services		5,893.03	3,333.32			2,559.71	10,000.00	
Management		10,000.00	10,000.00			-	30,000.00	
Engineering		627.60	5,000.00			(4,372.40)	15,000.00	
Disclosure Agent		10,000.00	3,333.32			6,666.68	10,000.00	
Property Appraiser		-	500.00			(500.00)	1,500.00	
District Counsel		8,467.18	20,000.00			(11,532.82)	60,000.00	
Assessment Administration		20,000.00	6,666.68			13,333.32	20,000.00	
Reamortization Schedules		-	250.00			(250.00)	750.00	
Audit		-	3,333.32			(3,333.32)	10,000.00	
Arbitrage Calculation		-	333.32			(333.32)	1,000.00	
Tax Preparation		-	16.68			(16.68)	50.00	
Travel and Per Diem		604.73	2,000.00			(1,395.27)	6,000.00	
Postage & Shipping		13.21	500.00			(486.79)	1,500.00	
Legal Advertising		158.37	833.32			(674.95)	2,500.00	
Property Taxes		-	50.00			(50.00)	150.00	
Web Site Maintenance		800.00	900.00			(100.00)	2,700.00	
Dues, Licenses, and Fees		175.00	58.32			116.68	175.00	
Wetland Upland Maintenance		24,750.00	-			24,750.00	-	
General Liability Insurance		8,615.00	5,750.00			2,865.00	17,250.00	
Property & Casualty		155,661.50	130,463.32			25,198.18	391,390.00	
Cyber Liability		313.00	253.32			59.68	760.00	
Contingency		887.39	5,000.00			(4,112.61)	15,000.00	
3-Month Reserve		-	38,333.40			(38,333.40)	115,000.00	
Capex Reserve		-	138,150.00			(138,150.00)	414,450.00	
Total General & Administrative Expenses	$	248,166.01	$	376,658.32		$	(128,492.31)	$ 1,129,975.00	
Total Expenses	 $		248,166.01	 $	376,658.32		 $		(128,492.31)	 $ 1,129,975.00	
Income (Loss) from Operations	$	135,775.25	$	-		$	135,775.25	$	-	
Other Income (Expense)						
Interest Income	$	6,670.45	$	-		$	6,670.45	$	-	
Total Other Income (Expense)	$	6,670.45	$	-		$	6,670.45	$	-	
Net Income (Loss)	$	142,445.70	$	-		$	142,445.70	$	-	

Percentage

35.64%
56.54%
14.74%

33.98%

25.00%
58.93%
33.33%
4.18%
100.00%
0.00%
14.11%
100.00%
0.00%
0.00%
0.00%
0.00%
10.08%
0.88%
6.33%
0.00%
29.63%
100.00%
-
49.94%
39.77%
41.18%
5.92%
0.00%
0.00%

21.96%