Cross Creek CDD
February 2025 Financial Package

February 28, 2025

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

Cross Creek CDD	
Statement of Financial Position	
As of 2/28/2025	

General Fund

Debt Service
Fund

Capital Projects
Fund

Long Term
Debt

Total

$	389,924.85	
7,797.30	
1,346.87	
204.32	
2,357.39	
15,824.41	
9,529.39	
235,840.87	
20,874.69	
42,070.19	
8.14	
1,000.18	
18.36	
$	726,796.96	

$	204.32	
2,357.39	
15,824.41	
9,529.39	
235,840.87	
20,874.69	
42,070.19	
8.14	
1,000.18	
18.36	
$	327,727.94	$	-	$	-	

Assets

Current Assets
General Checking Account Assessments Receivable Prepaid Expenses Assessments Receivable Due From Other Funds
Debt Service Reserve 2007A Bond Debt Service Reserve 2007B Bond Debt Service Reserve 2016AB Bond Revenue 2007AB Bond
Revenue 2016AB Bond Interest 2016AB Bond Prepayment 2016A Bond Sinking Fund 2016A Bond
Total Current Assets

$ 389,924.85	
7,797.30	
1,346.87	

$ 399,069.02

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

 
	$ 325,166.23	$	325,166.23	
	84,833.77	84,833.77	
$	-	$ 410,000.00	$	410,000.00	

Total Assets

$ 399,069.02	$

327,727.94	$

-	$ 410,000.00

$ 1,136,796.96

$	14,578.17	
7,797.30	
204.32	
$	22,579.79	

$	204.32	
$	204.32	$	-	$	-	

Liabilities and Net Assets

Current Liabilities Accounts Payable Deferred Revenue Deferred Revenue
Total Current Liabilities

$  14,578.17	
7,797.30	

$  22,375.47

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

 
$ 410,000.00	$	410,000.00	
$ 410,000.00	$	410,000.00	

Total Liabilities

$  22,375.47	$

204.32	$

-	$ 410,000.00	$

432,579.79

Net Assets		
Net Assets, Unrestricted	$  (7,306.40)	
Current Year Net Assets, Unrestricted	(1,086.71)	

$	(7,306.40)	
(1,086.71)	

Net Assets - General Government	66,738.30	
Current Year Net Assets - General Government	318,348.36	

66,738.30	
318,348.36	

Fund Balance - Unreserved	
Net Assets, Unrestricted	
Current Year Net Assets, Unrestricted	

$ (1,185,850.00)	
4,792,089.14	
38,692.48	

(1,185,850.00)	
4,792,089.14	
38,692.48	

(3,317,408.00)	
(1,905,948.00)	
1,905,948.00	
$	-	$	704,217.17	

$ (1,905,948.00)	
1,905,948.00	
$	327,523.62	$	-	

Net Assets - General Government	
Net Assets, Unrestricted	
Net Assets - General Government	
Total Net Assets	

(3,317,408.00)

$ 376,693.55

Total Liabilities and Net Assets

$ 399,069.02	$

327,727.94	$

-	$ 410,000.00

$ 1,136,796.96

Cross Creek CDD	
Statement of Activities	
As of 2/28/2025	

Revenues

On-Roll Assessments	
Inter-Fund Transfers In	
On-Roll Assessments	
Inter-Fund Group Transfers In	
Total Revenues	

Expenses

General Fund

$ 526,448.47	
(1,086.71)	

Debt Service

$	44,956.87	
1,086.71	
$ 525,361.76	$	46,043.58	$	-	$	-	

Fund

Capital Projects
Fund

Long Term
Debt

Total

$ 526,448.47	
(1,086.71)	
44,956.87	
1,086.71	
$ 571,405.34	

$	4,053.00	
5,387.51	
13,750.00	
250.00	
5,706.32	
5,000.00	
207.91	
79.00	
400.00	
175.00	
11,507.07	
5,590.43	
18,000.00	
4,173.30	
4,497.60	
4,237.00	
15,672.00	
7,238.00	
65,425.00	
6,109.00	
33,449.13	
563.46	

Public Officials' Insurance	
Trustee Services	
District Management	
Annual Disclosure	
District Counsel	
Assessment Administration	
Legal Advertising	
Office Supplies	
Web Site Maintenance	
Dues, Licenses, and Fees	
Electric	
Water	
Pool Maintenance	
Amenity - Camera/Monitoring (Envera)	
Amenity - Janitorial	
General Liability Insurance	
Property & Casualty	
Lake Maintenance	
Landscaping Maintenance & Material	
Landscape Improvements	
Major Repair & Replacements	
Pest Control	
Interest Payments	
Total Expenses	

$ 211,470.73

$	11,480.00

$	11,480.00	$

$	4,053.00	
5,387.51	
13,750.00	
250.00	
5,706.32	
5,000.00	
207.91	
79.00	
400.00	
175.00	
11,507.07	
5,590.43	
18,000.00	
4,173.30	
4,497.60	
4,237.00	
15,672.00	
7,238.00	
65,425.00	
6,109.00	
33,449.13	
563.46	
11,480.00	
$ 222,950.73	

-	$	-

Other Revenues (Expenses) & Gains (Losses)

$	3,370.62	
4,155.99	
(27.09)	
$	7,499.52	

$	4,155.99	
(27.09)	
$	4,128.90	$	-	$	-	

Interest Income	
Interest Income	
Net Increase (Decrease) in FV of Inv	
Total Other Revenues (Expenses) & Gains (Losses)	

$	3,370.62

	$	3,370.62	  	
Change In Net Assets	$ 317,261.65		$	38,692.48		$	-	$	-		$ 355,954.13	
Net Assets At Beginning Of Year	$  59,431.90		$ 288,831.14		$	-	$	-		$ 348,263.04	

Net Assets At End Of Year	
$ 376,693.55		
$ 327,523.62		 

$	-	$	-		
$ 704,217.17	

Cross Creek CDD	
Budget to Actual	
For the Month Ending 2/28/2025	

Actual	Budget	Variance

FY 2025

$	4,053.00	$	1,762.50	$	2,290.50	$	4,230.00	95.82%	
5,387.51	2,500.00	2,887.51	6,000.00	89.79%	
13,750.00	13,750.00	-	33,000.00	41.67%	
-	208.33	(208.33)	500.00	0.00%	
250.00	416.67	(166.67)	1,000.00	25.00%	
-	208.33	(208.33)	500.00	0.00%	
5,706.32	6,666.67	(960.35)	16,000.00	35.66%	
5,000.00	2,083.33	2,916.67	5,000.00	100.00%	
-	208.33	(208.33)	500.00	0.00%	
-	1,702.08	(1,702.08)	4,085.00	0.00%	
-	208.33	(208.33)	500.00	0.00%	
-	41.67	(41.67)	100.00	0.00%	
-	10.42	(10.42)	25.00	0.00%	
207.91	187.50	20.41	450.00	46.20%	
79.00	62.50	16.50	150.00	52.67%	
400.00	400.00	-	960.00	41.67%	
175.00	72.92	102.08	175.00	100.00%	
$	35,008.74	$	30,489.58	$	4,519.16	$	73,175.00	47.84%	

Adopted Budget

Percentage Spent

Revenues	
On-Roll Assessments	
Carry Forward	
Net Revenues	

	
$	526,448.47	$ 222,602.08	$ 303,846.39	$ 534,245.00	98.54%	
8,468.33	8,468.33	-	20,324.00	41.67%	
$	534,916.80	$ 231,070.42	$ 303,846.39	$ 554,569.00	96.46%	

General & Administrative Expenses	
Public Officials' Insurance	
Trustee Services	
District Management	
Engineering	
Annual Disclosure	
Property Appraiser	
District Counsel	
Assessment Administration	
Reamortization Schedule	
Audit	
Arbitrage Calculation	
Postage & Shipping	
Copies	
Legal Advertising	
Office Supplies	
Web Site Maintenance	
Dues, Licenses, and Fees	
Total General & Administrative Expenses	
Field Expenses	
Electric	
Water	
Pool Maintenance	
Amenity - Camera/Monitoring (Envera)	
Amenity - Janitorial	
General Liability Insurance	
Property & Casualty	
Lake Maintenance	
Landscaping Maintenance & Material	
Landscape Improvements	
Major Repair & Replacements	
Pest Control	
Total Field Expenses	

$	11,507.07		$	16,666.67		$	(5,159.60)		$	40,000.00		28.77%	
5,590.43		6,250.00		(659.57)		15,000.00		37.27%	
18,000.00		16,666.67		1,333.33		40,000.00		45.00%	
4,173.30		3,750.00		423.30		9,000.00		46.37%	
4,497.60		3,000.00		1,497.60		7,200.00		62.47%	
4,237.00		1,875.00		2,362.00		4,500.00		94.16%	
15,672.00		4,583.33		11,088.67		11,000.00		142.47%	
7,238.00		6,250.00		988.00		15,000.00		48.25%	
65,425.00		65,425.00		-		157,020.00		41.67%	
6,109.00		8,333.33		(2,224.33)		20,000.00		30.55%	
33,449.13		67,130.83		(33,681.70)		161,114.00		20.76%	
563.46		650.00		(86.54)		1,560.00		36.12%	
$	176,461.99		$ 200,580.83		$ (24,118.84)		$ 481,394.00		36.66%	

Total Expenses

 $	211,470.73 

 $ 231,070.42 

 $ (19,599.69)

 $ 554,569.00 

	38.13%

$	323,446.07		$	-	$ 323,446.07		$	-	

$	3,370.62		
$	-	$	3,370.62		
$	-	
$	3,370.62		$	-	$	3,370.62		$	-	
$	326,816.69		$	-	$ 326,816.69		$	-	

Income (Loss) from Operations

Other Income (Expense)	
Interest Income	
Total Other Income (Expense)	

Net Income (Loss)