Cross Creek CDD
March 2025 Financial Package

March 31, 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 3/31/2025

	General Fund	Debt Service
Fund		Capital Projects
Fund		Long Term
Debt		Total	
	Assets								
Current Assets
General Checking Account	
$355,434.91							
$355,434.91	
Assessments Receivable	4,535.71							4,535.71	
Prepaid Expenses	1,346.87							1,346.87	
Assessments Receivable		$204.32						204.32	
Due From Other Funds		337.76						337.76	
Debt Service Reserve 2007A Bond		15,878.30						15,878.30	
Debt Service Reserve 2007B Bond		9,532.36						9,532.36	
Debt Service Reserve 2016AB Bond		236,561.75						236,561.75	
Revenue 2007AB Bond		21,286.99						21,286.99	
Revenue 2016AB Bond		43,877.02						43,877.02	
Interest 2016AB Bond		8.16						8.16	
Prepayment 2016A Bond		1,000.18						1,000.18	
Sinking Fund 2016A Bond	
	18.42						18.42	
Total Current Assets	$361,317.49	$328,705.26		$0.00		$0.00		$690,022.75	

Investments									
Amount Available in Debt Service Funds							$328,163.18		$328,163.18	
Amount To Be Provided							81,836.82		81,836.82	
Total Investments			$0.00		$0.00		$410,000.00		$410,000.00	
Total Assets	$361,317.49		$328,705.26		$0.00		$410,000.00		$1,100,022.75	

Liabilities and Net Assets

Current Liabilities
Accounts Payable	
$4,982.78								
$4,982.78	
Deferred Revenue	4,535.71								4,535.71	
Deferred Revenue			$204.32						204.32	
Total Current Liabilities	$9,518.49		$204.32		$0.00		$0.00		$9,722.81	

Long Term Liabilities
Revenue Bonds Payable - Long-Term							

$410,000.00		

$410,000.00	
Total Long Term Liabilities			$0.00		$0.00		$410,000.00		$410,000.00	
Total Liabilities	$9,518.49		$204.32		$0.00		$410,000.00		$419,722.81	

Net Assets
Net Assets, Unrestricted	

($7,306.40)								

($7,306.40)	
Current Year Net Assets, Unrestricted	(1,086.71)								(1,086.71)	
Net Assets - General Government	66,738.30								66,738.30	
Current Year Net Assets - General Government	293,453.81								293,453.81	
Fund Balance - Unreserved			($1,185,850.00)						(1,185,850.00)	
Net Assets, Unrestricted			4,792,089.14						4,792,089.14	
Current Year Net Assets, Unrestricted			39,669.80						39,669.80	
Net Assets - General Government			(3,317,408.00)						(3,317,408.00)	
Net Assets, Unrestricted					($1,905,948.00)				(1,905,948.00)	
Net Assets - General Government					1,905,948.00				1,905,948.00	
Total Net Assets	$351,799.00		$328,500.94		$0.00		$0.00		$680,299.94	
										
Total Liabilities and Net Assets	$361,317.49		$328,705.26		$0.00		$410,000.00		$1,100,022.75	

Revenues

Cross Creek CDD Statement of Activities As of 3/31/2025

General Fund	Debt Service	Capital Projects	Long Term Debt	Total	
	Fund	Fund			

On-Roll Assessments	$529,710.06								$529,710.06	
Inter-Fund Transfers In	(1,086.71)								(1,086.71)	
On-Roll Assessments			$44,956.87						44,956.87	
Inter-Fund Group Transfers In			1,086.71						1,086.71	
Total Revenues	$528,623.35		$46,043.58		$0.00		$0.00		$574,666.93	

Expenses

Public Officials' Insurance	$4,053.00								$4,053.00	
Trustee Services	5,387.51								5,387.51	
District Management	16,500.00								16,500.00	
Annual Disclosure	500.00								500.00	
District Counsel	6,691.07								6,691.07	
Assessment Administration	5,000.00								5,000.00	
Audit	4,085.00								4,085.00	
Legal Advertising	311.05								311.05	
Office Supplies	158.00								158.00	
Web Site Maintenance	480.00								480.00	
Dues, Licenses, and Fees	175.00								175.00	
Electric	11,174.69								11,174.69	
Water	5,798.48								5,798.48	
Pool Maintenance	21,500.00								21,500.00	
Amenity - Camera/Monitoring (Envera)	4,173.30								4,173.30	
Amenity - Janitorial	5,397.60								5,397.60	
General Liability Insurance	4,237.00								4,237.00	
Property & Casualty	15,672.00								15,672.00	
Lake Maintenance	8,460.00								8,460.00	
Landscaping Maintenance & Material	78,510.00								78,510.00	
Landscape Improvements	7,359.00								7,359.00	
Major Repair & Replacements	34,510.99								34,510.99	
Pest Control	563.46								563.46	
Interest Payments			$11,480.00						11,480.00	
Total Expenses	$240,697.15		$11,480.00		$0.00		$0.00		$252,177.15	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$4,440.90								$4,440.90	
Interest Income			$5,111.90						5,111.90	
Net Increase (Decrease) in FV of Inv			(5.68)						(5.68)	
Total Other Revenues (Expenses) & Gains (Losses)	$4,440.90		$5,106.22		$0.00		$0.00		$9,547.12	
Change In Net Assets	$292,367.10		$39,669.80		$0.00		$0.00		$332,036.90	

Net Assets At Beginning Of Year	$59,431.90		$288,831.14		$0.00		$0.00		$348,263.04	

Net Assets At End Of Year	

$351,799.00		

$328,500.94		

$0.00		

$0.00		

$680,299.94	

Revenues

Cross Creek CDD
Budget to Actual
For the Month Ending 3/31/2025

Actual	Budget	Variance

FY 2025
Adopted Budget

Percentage Spent

On-Roll Assessments	$	529,710.06		$ 267,122.50		$ 262,587.56		$ 534,245.00		99.15%	
Carry Forward	10,162.00		10,162.00		-		20,324.00		50.00%	
Net Revenues	$	539,872.06		$ 277,284.50		$ 262,587.56		$ 554,569.00		97.35%	

General & Administrative Expenses

Public Officials' Insurance	$	4,053.00		$	2,115.00		$	1,938.00		$	4,230.00		95.82%	
Trustee Services	5,387.51		3,000.00		2,387.51		6,000.00		89.79%	
District Management	16,500.00		16,500.00		-		33,000.00		50.00%	
Engineering	-		250.00		(250.00)		500.00		0.00%	
Annual Disclosure	500.00		500.00		-		1,000.00		50.00%	
Property Appraiser	-		250.00		(250.00)		500.00		0.00%	
District Counsel	6,691.07		8,000.00		(1,308.93)		16,000.00		41.82%	
Assessment Administration	5,000.00		2,500.00		2,500.00		5,000.00		100.00%	
Reamortization Schedule	-		250.00		(250.00)		500.00		0.00%	
Audit	4,085.00		2,042.50		2,042.50		4,085.00		100.00%	
Arbitrage Calculation	-		250.00		(250.00)		500.00		0.00%	
Postage & Shipping	-		50.00		(50.00)		100.00		0.00%	
Copies	-		12.50		(12.50)		25.00		0.00%	
Legal Advertising	311.05		225.00		86.05		450.00		69.12%	
Office Supplies	158.00		75.00		83.00		150.00		105.33%	
Web Site Maintenance	480.00		480.00		-		960.00		50.00%	
Dues, Licenses, and Fees	175.00		87.50		87.50		175.00		100.00%	
Total General & Administrative Expenses	$	43,340.63		$	36,587.50		$	6,753.13		$	73,175.00		59.23%	
Field Expenses

Electric	$	11,174.69		$	20,000.00		$	(8,825.31)		$	40,000.00		27.94%	
Water	5,798.48		7,500.00		(1,701.52)		15,000.00		38.66%	
Pool Maintenance	21,500.00		20,000.00		1,500.00		40,000.00		53.75%	
Amenity - Camera/Monitoring (Envera)	4,173.30		4,500.00		(326.70)		9,000.00		46.37%	
Amenity - Janitorial	5,397.60		3,600.00		1,797.60		7,200.00		74.97%	
General Liability Insurance	4,237.00		2,250.00		1,987.00		4,500.00		94.16%	
Property & Casualty	15,672.00		5,500.00		10,172.00		11,000.00		142.47%	
Lake Maintenance	8,460.00		7,500.00		960.00		15,000.00		56.40%	
Landscaping Maintenance & Material	78,510.00		78,510.00		-		157,020.00		50.00%	
Landscape Improvements	7,359.00		10,000.00		(2,641.00)		20,000.00		36.80%	
Major Repair & Replacements	34,510.99		80,557.00		(46,046.01)		161,114.00		21.42%	
Pest Control	563.46		780.00		(216.54)		1,560.00		36.12%	
Total Field Expenses	$	197,356.52		$ 240,697.00		$ (43,340.48)		$ 481,394.00		41.00%	
Total Expenses	 $	240,697.15 		 $ 277,284.50 		 $ (36,587.35)		 $ 554,569.00 			43.40%	
Income (Loss) from Operations	$	299,174.91		$	-		$ 299,174.91		$	-			

Other Income (Expense)

Interest Income	$	4,440.90		$	-	$	4,440.90		$	-	
Total Other Income (Expense)	$	4,440.90		 
$	-	$	4,440.90		$	-	
Net Income (Loss)	$	303,615.81		 
$	-	$ 303,615.81		$	-