SWI CDD
July 2025 Financial Report

July 31, 2025

PFM Group Consulting LLC
3501 Quadrangle Blvd., Suite 270
Orlando, Florida 32817
Tel: 407-723-5900

SWI CDD	
Statement of Financial Position	
As of 7/31/2025	

General Fund	
Debt Service Fund		
General Fixed Asset Group		
Long Term Debt Group		

Total	

Assets								
Current Assets									
General Checking Account	$	164.60							$	164.60	
Accounts Receivable - Due from Developer	15,263.69							15,263.69	
Prepaid Expenses	1,023.33							1,023.33	
Debt Service Reserve 2017 Bond		$	60,524.52	60,524.52	
Revenue 2017 Bond		267,721.76						267,721.76	
Interest 2017 Bond		257,344.74						257,344.74	
Sinking Fund 2017 Bond		215,787.99						215,787.99	
Capital Improvement Bond	
	1,540.87		
		
		1,540.87	
Total Current Assets	$	16,451.62	$  802,919.88		$	-		$	-		
$	819,371.50	

Investments									
Amount Available in Debt Service Funds						$	802,919.88		$	802,919.88	
Amount To Be Provided	
					12,692,080.12		12,692,080.12	
Total Investments	$	-	$	-		$	-		$ 13,495,000.00		$ 13,495,000.00	

Property, Plant & Equipment									
Other Fixed Assets (2008)				$ 6,791,097.00				$  6,791,097.00	
Other Fixed Assets (2010)	
			6,400.00		
		6,400.00	
Total Property, Plant & Equipment	$	-	$	-		$ 6,797,497.00		$	-		$  6,797,497.00	
Total Assets	
$	16,451.62	$  802,919.88		
$ 6,797,497.00		
$ 13,495,000.00		
$ 21,111,868.50	

Liabilities and Net Assets	
Current Liabilities									
Accounts Payable	$	15,575.36							$	15,575.36	
Deferred Revenue	15,263.69							15,263.69	
Due to Note Holders	
	$  640,000.00	640,000.00	
Total Current Liabilities	$	30,839.05	$  640,000.00		
$	-		
$	-		
$	670,839.05	

Long Term Liabilities									
Revenue Bonds Payable - Long-Term	
					$ 13,495,000.00		$ 13,495,000.00	
Total Long Term Liabilities	$	-	$	-		$	-		$ 13,495,000.00		$ 13,495,000.00	
Total Liabilities	
$	30,839.05	$  640,000.00		
$	-		
$ 13,495,000.00		
$ 14,165,839.05	

Net Assets									
Net Assets, Unrestricted	$	15,013.28							$	15,013.28	
Net Assets - General Government	(12,235.95)							(12,235.95)	
Current Year Net Assets - General Government	(17,164.76)							(17,164.76)	
Net Assets, Unrestricted		$  117,023.05	117,023.05	
Current Year Net Assets, Unrestricted		65,896.83						65,896.83	
Net Assets - General Government		(20,000.00)						(20,000.00)	
Net Assets, Invd in Capital, Net of Debt	
			$ 6,797,497.00		
		6,797,497.00	
Total Net Assets	$	(14,387.43)	$  162,919.88		$ 6,797,497.00		$	-		$  6,946,029.45	

		  	
Total Liabilities and Net Assets	$	16,451.62	$  802,919.88		$ 6,797,497.00		$ 13,495,000.00		$ 21,111,868.50	

SWI CDD
Statement of Activities As of 7/31/2025

Debt Service	General Fixed	Long Term	
Fund	Asset Group	Debt Group	

General Fund	Total

Revenues

Developer Contributions	$	27,867.86			$	27,867.86	
User Fee Revenue		$	769,577.21		769,577.21	
Total Revenues	$	27,867.86	$	769,577.21		  
$	-	$	-	$	797,445.07	

Expenses

Supervisor Fees	$	600.00			$	600.00	
Trustee Services	2,046.67			2,046.67	
Management	23,625.00			23,625.00	
District Counsel	1,736.00			1,736.00	
Audit	5,500.00			5,500.00	
Travel and Per Diem	92.49			92.49	
Postage & Shipping	9.77			9.77	
Legal Advertising	289.02			289.02	
Web Site Maintenance	2,000.00			2,000.00	
Dues, Licenses, and Fees	175.00			175.00	
Stormwater Management Maintenance	3,000.00			3,000.00	
General Insurance	6,503.00			6,503.00	
Miscellaneous	20.00			20.00	
Principal Payments - 2017 bond		$	205,000.00		205,000.00	
Interest Payments - 2017 bond		514,805.00		514,805.00	
Total Expenses	$	45,596.95	$	719,805.00		  
$	-	$	-	$	765,401.95	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	564.33			$	564.33	
Interest Income		$	16,124.62		16,124.62	
Total Other Revenues (Expenses) & Gains (Losses)	$	564.33	$	16,124.62		  
$	-	$	-	$	16,688.95	
Change In Net Assets	$	(17,164.76)	$	65,896.83		$	-	$	-	$	48,732.07	

Net Assets At Beginning Of Year	
$	2,777.33	
$	97,023.05		
$  6,797,497.00	$	-	$ 6,897,297.38	

Net Assets At End Of Year	

$	(14,387.43)	

$	162,919.88		  

$  6,797,497.00	$	-	$ 6,946,029.45	

SWI CDD
Budget to Actual
For the Month Ending 7/31/2025

	YTD Actual	YTD Budget	YTD Variance	FY 2025
Adopted Budget	Percentage Spent	

Revenues						
Developer Contributions	$	27,867.86	$	70,845.80	$	(42,977.94)	$	85,015.00	32.78%	
Net Revenues	$	27,867.86		$	70,845.80		$	(42,977.94)		$	85,015.00		32.78%	
General & Administrative Expenses						
Supervisor Fees	$	600.00	$	1,000.00	$	(400.00)	$	1,200.00	50.00%	
Trustee Services	2,046.67	3,333.30	(1,286.63)	4,000.00	51.17%	
Management	23,625.00	26,250.00	(2,625.00)	31,500.00	75.00%	
Engineering	-	5,000.00	(5,000.00)	6,000.00	0.00%	
District Counsel	1,736.00	16,666.70	(14,930.70)	20,000.00	8.68%	
Audit	5,500.00	4,583.30	916.70	5,500.00	100.00%	
Travel and Per Diem	92.49	166.70	(74.21)	200.00	46.25%	
Postage & Shipping	9.77	83.30	(73.53)	100.00	9.77%	
Legal Advertising	289.02	1,066.70	(777.68)	1,280.00	22.58%	
Miscellaneous/Contingency	20.00	1,283.40	(1,263.40)	1,540.00	1.30%	
Web Site Maintenance	2,000.00	2,100.00	(100.00)	2,520.00	79.37%	
Dues, Licenses, and Fees	175.00	145.80	29.20	175.00	100.00%	
Stormwater Management Maintenance	3,000.00	3,333.30	(333.30)	4,000.00	75.00%	
General Insurance	6,503.00	5,833.30	669.70	7,000.00	92.90%	
Total General & Administrative Expenses	$	45,596.95		$	70,845.80		$	(25,248.85)		$	85,015.00		53.63%	
Total Expenses	 $	45,596.95 	 $	70,845.80 	 $	(25,248.85)	 $	85,015.00 		53.63%	
Income (Loss) from Operations	$	(17,729.09)	$	-	$	(17,729.09)	$	-	
Other Income (Expense)						
Interest Income	$	564.33	$	-	$	564.33	$	-	
Total Other Income (Expense)	$	564.33		$	-		$	564.33		$	-		
Net Income (Loss)	$	(17,164.76)		$	-		$	(17,164.76)		$	-