SWI CDD
April 2026 Financial Report

April 30, 2026

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

Statement of Financial Position
As of 4/30/2026	
	
General Fund	
Debt Service Fund		
Long Term Debt Group			
Total	
		
Assets							
Current Assets								
General Checking Account	$	3,731.80					$	3,731.80	
Accounts Receivable - Due from Developer	2,886.50						2,886.50	
Prepaid Expenses	1,088.33						1,088.33	
User Fee Receivable		$	89,118.58					89,118.58	
Interest Receivable		2,880.05					2,880.05	
Debt Service Reserve 2017 Bond		55,827.28					55,827.28	
Revenue 2017 Bond		1,023,662.78					1,023,662.78	
Interest 2017 Bond		4,410.38					4,410.38	
Sinking Fund 2017 Bond	
	3,698.18					3,698.18	
Total Current Assets	$	7,706.63	$	1,179,597.25		$	-		$	1,187,303.88	

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

$	1,087,598.62		

$	

1,087,598.62	
					11,892,401.38			11,892,401.38	
	$	-	$	-		$  12,980,000.00		$	12,980,000.00	
Total Assets	$	7,706.63	$	1,179,597.25		$  12,980,000.00		$	14,167,303.88	

Liabilities and Net Assets	
Current Liabilities								
Accounts Payable	$	2,886.50					$	2,886.50	
Deferred Revenue	2,886.50						2,886.50	
Due to Note Holders	
	$	640,000.00					640,000.00	
Total Current Liabilities	$	5,773.00	$	640,000.00		$	-		$	645,773.00	

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

$  12,980,000.00		

$	

12,980,000.00	
	$	-	$	-		$  12,980,000.00		$	12,980,000.00	
Total Liabilities	$	5,773.00	$	640,000.00		$  12,980,000.00		$	13,625,773.00	

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

$	15,013.28					

$	

15,013.28	
	(11,508.11)						(11,508.11)	
	(1,571.54)						(1,571.54)	
		$	454,526.23					454,526.23	
		105,071.02					105,071.02	
	
	(20,000.00)					(20,000.00)	
	$	1,933.63	$	539,597.25		$	-		$	541,530.88	

Total Liabilities and Net Assets	$	7,706.63	$	1,179,597.25		$  12,980,000.00		$	14,167,303.88	

As of 4/30/2026	

General Fund		

Debt Service Fund		
Long Term Debt Group			

Total	

Revenues									
Developer Contributions	$	33,102.33						$	33,102.33	
User Fee Revenue			$	859,721.34					859,721.34	
Total Revenues	$	33,102.33		$	859,721.34		$	-		$	892,823.67	
Expenses									
Trustee Services	$	3,200.00						$	3,200.00	
Management	18,375.00							18,375.00	
District Counsel	586.50							586.50	
Audit	4,200.00							4,200.00	
Tax Preparation	16.84							16.84	
Postage & Shipping	32.16							32.16	
Web Site Maintenance	1,475.00							1,475.00	
Dues, Licenses, and Fees	175.00							175.00	
General Insurance	6,840.00							6,840.00	
Principal Payments - 2017 bond			$	515,000.00					515,000.00	
Interest Payments - 2017 bond			256,405.00					256,405.00	
Total Expenses	$	34,900.50		$	771,405.00		$	-		$	806,305.50	
Other Revenues (Expenses) & Gains (Losses)									
Interest Income	$	226.63						$	226.63	
Interest Income			$	16,754.68					16,754.68	
Total Other Revenues (Expenses) & Gains (Losses)	$	226.63		$	16,754.68		$	-		$	16,981.31	
Change In Net Assets	$	(1,571.54)		$	105,071.02		$	-		$	103,499.48	

Net Assets At Beginning Of Year	
$	3,505.17		
$	434,526.23		
$	-		
$	
438,031.40	

Net Assets At End Of Year	

$	1,933.63		

$	539,597.25		

$	-		

$	

541,530.88	

Statement of Activities

SWI CDD
Budget to Actual
For the Month Ending 4/30/2026	

YTD Actual		

YTD Budget	

YTD Variance	
FY 2026
Adopted Budget	
Percentage Spent	

Revenues													
Developer Contributions	$	33,102.33		$	49,592.08	$	(16,489.75)	$	85,015.00	38.94%	
Net Revenues	$	33,102.33		$	49,592.08	
$	(16,489.75)	
$	85,015.00	
38.94%	
General & Administrative Expenses					
Supervisor Fees	$	-	$	700.00	$	(700.00)	$	1,200.00	0.00%	
Trustee Services	3,200.00	4,958.33	(1,758.33)	8,500.00	37.65%	
Management	18,375.00	18,375.00	-	31,500.00	58.33%	
Engineering	-	2,041.67	(2,041.67)	3,500.00	0.00%	
District Counsel	586.50	11,666.67	(11,080.17)	20,000.00	2.93%	
Audit	4,200.00	3,500.00	700.00	6,000.00	70.00%	
Tax Preparation	16.84	-	16.84	-		
Travel and Per Diem	-	116.67	(116.67)	200.00	0.00%	
Postage & Shipping	32.16	58.33	(26.17)	100.00	32.16%	
Legal Advertising	-	291.67	(291.67)	500.00	0.00%	
Contingency	-	233.33	(233.33)	400.00	0.00%	
Web Site Maintenance	1,475.00	1,715.00	(240.00)	2,940.00	50.17%	
Dues, Licenses, and Fees	175.00	102.08	72.92	175.00	100.00%	
Stormwater Management Maintenance	-	1,750.00	(1,750.00)	3,000.00	0.00%	
General Insurance	6,840.00	4,083.33	2,756.67	7,000.00	97.71%	
Total General & Administrative Expenses	 
$	34,900.50	$	49,592.08	
$	(14,691.58)	
$	85,015.00	
41.05%	
Total Expenses	 $	34,900.50   $	49,592.08 	 $	(14,691.58)	 $	85,015.00 		41.05%	
Income (Loss) from Operations	$	(1,798.17)		$	-		$	(1,798.17)		$	-		
Other Income (Expense)
Interest Income	

$	

226.63		

$	-	

$	226.63		

$	

-		
Total Other Income (Expense)	$	226.63		$	-	
$	226.63		$	-		
Net Income (Loss)	$	(1,571.54)		$	-		$	(1,571.54)		$	-