Cross Creek CDD
November 2024 Financial Package

November 30, 2024

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

Cross Creek CDD	
Statement of Financial Position	
As of 11/30/2024	

General Fund

Debt Service
Fund

Capital Projects
Fund

Long Term
Debt

Total

Assets

Current Assets		
General Checking Account	$	16,328.01				$	16,328.01	
Assessments Receivable	522,531.09				522,531.09	
Assessments Receivable		$	44,172.56			44,172.56	
Due From Other Funds		988.63			988.63	
Debt Service Reserve 2007A Bond		15,661.99			15,661.99	
Debt Service Reserve 2007B Bond		9,535.21			9,535.21	
Debt Service Reserve 2016AB Bond		233,383.56			233,383.56	
Revenue 2007AB Bond		13,813.18			13,813.18	
Revenue 2016AB Bond		4,682.72			4,682.72	
Interest 2016AB Bond		8.05			8.05	
Prepayment 2016A Bond		1,000.18			1,000.18	
Sinking Fund 2016A Bond	
	18.18	
	
	18.18	
Total Current Assets	$  538,859.10	$	323,264.26	$	-	$	-	$  862,123.36	

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

$ 278,103.07	$  278,103.07	
131,896.93	131,896.93	
$ 410,000.00	$  410,000.00	

Total Assets	$  538,859.10		$	323,264.26		$	-		$ 410,000.00		$ 1,272,123.36	

(3,317,408.00)	
(1,905,948.00)	
1,905,948.00	
$	-	$  256,592.87	

Net Assets - General Government		
Net Assets, Unrestricted		
Net Assets - General Government		
Total Net Assets	$  (22,498.83)	

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$	37,838.21				$	37,838.21	
Due To Other Funds	988.63				988.63	
Deferred Revenue	522,531.09				522,531.09	
Deferred Revenue	
	$	44,172.56	
	
	44,172.56	
Total Current Liabilities	$  561,357.93	$	44,172.56	$	-	$	-	$  605,530.49	

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	$  561,357.93		$	44,172.56		$	-		$ 410,000.00		$ 1,015,530.49	

Net Assets		
Net Assets, Unrestricted	$	(7,306.40)	
Net Assets - General Government	66,738.30	
Current Year Net Assets - General Government	(81,930.73)	

$	(7,306.40)	
66,738.30	
(81,930.73)	

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

$ (1,185,850.00)	
4,792,089.14	
(9,739.44)	

(1,185,850.00)	
4,792,089.14	
(9,739.44)	

(3,317,408.00)

$ (1,905,948.00)	
1,905,948.00	
$	279,091.70	$	-	

 

Total Liabilities and Net Assets	$  538,859.10		$	323,264.26		$	-		$ 410,000.00		$ 1,272,123.36	

Cross Creek CDD	
Statement of Activities	
As of 11/30/2024	

$	7,803.94	
650.87	
$	8,454.81	

Revenues

General Fund

Debt Service
Fund

Capital Projects
Fund

Long Term Debt	Total

On-Roll Assessments	
On-Roll Assessments	
Total Revenues	

$	7,803.94
$

$	7,803.94	$

650.87
650.87	$

-	$	-

Expenses

$	4,053.00	
1,346.88	
5,500.00	
742.35	
5,000.00	
85.41	
160.00	
175.00	
1,823.51	
2,089.66	
6,000.00	
2,086.65	
900.00	
4,237.00	
15,672.00	
3,572.00	
26,170.00	
1,250.00	
9,030.60	
235.40	

Public Officials' Insurance	
Trustee Services	
District Management	
District Counsel	
Assessment Administration	
Legal Advertising	
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	

$

$ 90,129.46	$

11,480.00
11,480.00	$

$	4,053.00	
1,346.88	
5,500.00	
742.35	
5,000.00	
85.41	
160.00	
175.00	
1,823.51	
2,089.66	
6,000.00	
2,086.65	
900.00	
4,237.00	
15,672.00	
3,572.00	
26,170.00	
1,250.00	
9,030.60	
235.40	
11,480.00	
$  101,609.46	

-	$	-

Other Revenues (Expenses) & Gains (Losses)

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

$	394.79	
1,109.22	
(19.53)	
$	1,484.48	

$	1,109.22	
(19.53)	
$	1,089.69	$	-	$	-	

$	394.79

$	394.79

Change In Net Assets	$ (81,930.73)	$	(9,739.44)	$	-	$	-	$	(91,670.17)	

Net Assets At Beginning Of Year	

$ 59,431.90		

$	288,831.14		

$	-	$	-	$  348,263.04	

Net Assets At End Of Year	

$ (22,498.83)		

$	279,091.70		  

$	-	$	-	$  256,592.87	

Cross Creek CDD	
Budget to Actual	
For the Month Ending 11/30/2024	

Actual	Budget	Variance

FY 2025

$	4,053.00	$	705.00	$	3,348.00	$	4,230.00	
1,346.88	1,000.00	346.88	6,000.00	
5,500.00	5,500.00	-	33,000.00	
-	83.33	(83.33)	500.00	
-	166.67	(166.67)	1,000.00	
-	83.33	(83.33)	500.00	
742.35	2,666.67	(1,924.32)	16,000.00	
5,000.00	833.33	4,166.67	5,000.00	
-	83.33	(83.33)	500.00	
-	680.83	(680.83)	4,085.00	
-	83.33	(83.33)	500.00	
-	16.67	(16.67)	100.00	
-	4.17	(4.17)	25.00	
85.41	75.00	10.41	450.00	
-	25.00	(25.00)	150.00	
160.00	160.00	-	960.00	
175.00	29.17	145.83	175.00	
$	17,062.64	$ 12,195.83	$	4,866.81	$	73,175.00	

95.82%	
22.45%	
16.67%	
0.00%	
0.00%	
0.00%	
4.64%	
100.00%	
0.00%	
0.00%	
0.00%	
0.00%	
0.00%	
18.98%	
0.00%	
16.67%	
100.00%	
23.32%	

Adopted Budget

Percentage

Revenues	
On-Roll Assessments	
Carry Forward	
Net Revenues	

	
$	7,803.94	$ 89,040.83	$	(81,236.89)	$ 534,245.00	
20,324.00	3,387.33	16,936.67	20,324.00	
$	28,127.94	$ 92,428.17	$	(64,300.23)	$ 554,569.00	

	
1.46%	
100.00%	
5.07%	

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	

$	1,823.51		$  6,666.67		$	(4,843.16)		$	40,000.00	4.56%	
2,089.66		2,500.00		(410.34)		15,000.00	13.93%	
6,000.00		6,666.67		(666.67)		40,000.00	15.00%	
2,086.65		1,500.00		586.65		9,000.00	23.19%	
900.00		1,200.00		(300.00)		7,200.00	12.50%	
4,237.00		750.00		3,487.00		4,500.00	94.16%	
15,672.00		1,833.33		13,838.67		11,000.00	142.47%	
3,572.00		2,500.00		1,072.00		15,000.00	23.81%	
26,170.00		26,170.00		-		157,020.00	16.67%	
1,250.00		3,333.33		(2,083.33)		20,000.00	6.25%	
9,030.60		26,852.33		(17,821.73)		161,114.00	5.61%	
235.40		260.00		(24.60)		1,560.00	15.09%	
$	73,066.82		$ 80,232.33		$	(7,165.51)		$ 481,394.00	15.18%	

Total Expenses

 $	90,129.46 

 $ 92,428.17 

 $	(2,298.71)

 $ 554,569.00 

16.25%

$	(62,001.52)		$	-	$	(62,001.52)		$	-	

$	394.79		
$	-	$	394.79		
$	-	
$	394.79		$	-	$	394.79		$	-	
$	(61,606.73)		$	-	$	(61,606.73)		$	-	

Income (Loss) from Operations

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

Net Income (Loss)