Celebration Pointe No.1 CDD
August 2025 Financial Package

August 31, 2025

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

Current Assets
General Checking Account
Accounts Receivable - Due from Developer Assessments Receivable
General Checking Account Parking Garage Checking
Accounts Receivable- Due from Developer Prepaid Expenses
Deposits
Assessments Receivable Assessments Receivable Delinquent Debt Service Reserve Series 2014 Revenue Series 2014
Prepayment Series 2014 Transportation Improvement Bond Assessments Receivable Assessments Receivable Delinquent Debt Service Reserve Series 2017 Revenue Series 2017
Prepayment Series 2017 Assessments Receivable Assessments Receivable Delinquent Debt Service Reserve 2021 Bond Revenue 2021 Bond
Prepayment 2021 Bond Deferred Cost Series 2014
Acquisition/Construction Series 2017 Deferred Cost Series 2017 Acquisition/Construction 2021 Bond
Acquisition/Construction 2021 Equity Total Current Assets
 Investments 
Amount Available in Debt Service Funds Amount To Be Provided

Total Investments	

General Fund

$	416,725.24
150,397.55
96,256.49

$	663,379.28

$	-		

Parking Garage

$	9,790.08
32.25
250,902.38
337.50
6,449.00

$	267,511.21

$	-		Celebration Pointe CDD No. 1 Statement of Financial Position As of 08/31/2025

Series 2014 Debt	Series 2017 Debt	Series 2021 Debt Service Fund		Service Fund		Service Fund

Assets

$	1,959,233.99
1,749,395.58
526,446.94
397,708.35
4,877.46
417,966.47
$	1,723,580.63
1,544,187.84
446,925.64
341,144.23
3,224.40
$  1,141,119.66
487,602.14
669,291.06
26,051.24
1,975.79

  
$	5,055,628.79	$	4,059,062.74	$  2,326,039.89

  
$	-	$	-	$	-		

Series 2014 Construction Fund

$	468,734.71

$	468,734.71

$	-		

Series 2017 Construction Fund

$	57,645.73
403,525.96

$  461,171.69

$	-		

Series 2021 Contruction Fund

$	1,880.92
0.32
$	1,881.24

$	-		

Long Term Debt Group

$	-

$ 2,835,611.58
70,879,388.42

$ 73,715,000.00		

$

$

$

$	

Total

416,725.24
150,397.55
96,256.49
9,790.08
32.25
250,902.38
337.50
6,449.00
1,959,233.99
1,749,395.58
526,446.94
397,708.35
4,877.46
417,966.47
1,723,580.63
1,544,187.84
446,925.64
341,144.23
3,224.40
1,141,119.66
487,602.14
669,291.06
26,051.24
1,975.79
468,734.71
57,645.73
403,525.96
1,880.92
0.32
13,303,409.55

2,835,611.58
70,879,388.42

73,715,000.00	
Total Assets

 Current Liabilities  Accounts Payable Deferred Revenue Sales Tax Payable
Parking Garage Accounts Payable Deferred Revenue
Deferred Revenue Due to Bond Holders Deferred Revenue Due to Bond Holders Deferred Revenue Due to Bond Holders
Total Current Liabilities

 Long Term Liabilities 
Revenue Bonds Payable - Long-Term Total Long Term Liabilities
Total Liabilities	$	663,379.28

$	141,714.27
246,654.04
51.04

$	388,419.35

$	-

$	388,419.35		$	267,511.21

$	295,625.59
230,920.38

$	526,545.97

$	-

$	526,545.97		$	5,055,628.79

$	3,708,629.57
2,122,612.50

$	5,831,242.07

$	-

$	5,831,242.07		
$	4,059,062.74

 Liabilities and Net Assets 

$	3,267,768.47
1,863,000.00

$	5,130,768.47

$	-

$	5,130,768.47	$  2,326,039.89

$  1,628,721.80
811,250.00

$  2,439,971.80

$	-

$  2,439,971.80		$	468,734.71

$	-

$	-

$	-		$  461,171.69

$	-

$	-

$	-		$	1,881.24

$	-

$	-

$	-		$ 73,715,000.00

$	-

$ 73,715,000.00

$ 73,715,000.00

$ 73,715,000.00		$

$

$

$

$

$	87,018,409.55

141,714.27
246,654.04
51.04
295,625.59
230,920.38
3,708,629.57
2,122,612.50
3,267,768.47
1,863,000.00
1,628,721.80
811,250.00
14,316,947.66

73,715,000.00

73,715,000.00

88,031,947.66	

Celebration Pointe CDD No. 1 Statement of Financial Position As of 08/31/2025	

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

Total Net Assets

Total Liabilities and Net Assets	
General Fund

$	(125,093.68)
400,053.61

$	274,959.93

$	663,379.28	
Parking Garage

$	(250,706.61)
(8,328.15)

$	(259,034.76)

$	267,511.21	
Series 2014 Debt Service Fund

$	880,948.64
(1,656,565.87)
3.95

$	(775,613.28)

$	5,055,628.79	
Series 2017 Debt Service Fund

$	799,848.87
(1,871,554.60)

$	(1,071,705.73)

$	4,059,062.74	
Series 2021 Debt Service Fund

$  1,142,225.61
(1,256,157.52)

$	(113,931.91)

$  2,326,039.89	
Series 2014 Construction Fund

$	493,734.71
(25,000.00)

$	468,734.71

$	468,734.71	
Series 2017 Construction Fund

$  425,205.77
35,965.92

$  461,171.69

$  461,171.69	
Series 2021 Contruction Fund

$	1,817.09
64.15

$	1,881.24

$	1,881.24	
Long Term Debt Group

$	-

$ 73,715,000.00	

$

$

$	
Total

(125,093.68)
400,053.61
(250,706.61)
(8,328.15)
880,948.64
(1,656,565.87)
3.95

799,848.87
(1,871,554.60)
1,142,225.61
(1,256,157.52)
493,734.71
(25,000.00)
425,205.77
35,965.92
1,817.09
64.15

(1,013,538.11)

87,018,409.55	

Celebration Pointe CDD No. 1
Statement of Activities As of 08/31/2025

General Fund	Parking Garage	Series 2014 Debt Service Fund	Series 2017 Debt Service Fund	Series 2021 Debt Service Fund	Series 2014	Series 2017
Construction	Construction
Fund	Fund	Series 2021 Contruction
Fund	Long Term Debt Group	Total	

On-Roll Assessments	$ 624,009.16							
$  624,009.16	
Special Income	1.91													1.91	
Developer Contributions	15,079.85													15,079.85	
Inter-Fund Transfers In	(128,578.22)													(128,578.22)	
Developer Contributions			$	44,953.93											44,953.93	
Inter-Fund Transfers In			128,578.22											128,578.22	
On-Roll Assessments					$  144,753.17									144,753.17	
Off-Roll Assessments					465,389.35									465,389.35	
Inter-Fund Transfers In					291,690.21									291,690.21	
On-Roll Assessments							$  125,169.27							125,169.27	
Off-Roll Assessments							45,083.76							45,083.76	
Inter-Fund Transfers In							(179,643.63)							(179,643.63)	
On-Roll Assessments									$  41,214.55					41,214.55	
Off-Roll Assessments									17,693.67					17,693.67	
Inter-Fund Transfers In									(132,612.67)					(132,612.67)	
Inter-Fund Transfers In												$  20,566.09		20,566.09	
Total Revenues	$ 510,512.70		$  173,532.15		$  901,832.73		$	(9,390.60)		$  (73,704.45)		$	-	$  20,566.09		$	-	$	-	$ 1,523,348.62	

Revenues

Expenses
Insurance	$  3,348.00												$	3,348.00	
Trustee Services	2,807.03												2,807.03	
Management	32,083.37												32,083.37	
District Counsel	29,349.38												29,349.38	
Assessment Administration	22,500.00												22,500.00	
Audit	9,800.00												9,800.00	
Engineering	236.25												236.25	
Disclosure Agent	4,500.00												4,500.00	
Property Appraiser	75.00												75.00	
Postage & Shipping	153.03												153.03	
Legal Advertising	1,542.15												1,542.15	
Miscellaneous	781.08												781.08	
Property Taxes	8,230.87												8,230.87	
Web Site Maintenance	2,000.00												2,000.00	
Dues, Licenses, and Fees	175.00												175.00	
Water	2,564.72												2,564.72	
General Insurance	4,216.00												4,216.00	
Property Insurance	2,795.00												2,795.00	
Arbitrage Calculation	2,450.00												2,450.00	
Late Fees			$	103.24										103.24	
Telephone			1,612.09										1,612.09	
Water & Sewer			1,502.45										1,502.45	
Security			44,882.16										44,882.16	
Electric			49,231.89										49,231.89	
Property & Casualty			64,752.97										64,752.97	
General Repair & Maintenance			12,058.89										12,058.89	
Landscaping Maintenacne & Material			8,432.50										8,432.50	
Bond Counsel					$  444,342.10								444,342.10	
Trustee Fees					29,087.88								29,087.88	
Principal Payment - Series 2014					745,000.00								745,000.00	
Interest Payment - Series 2014					1,377,612.50								1,377,612.50	
Trustee Fees							$  27,913.57						27,913.57	
Principal Payment - Series 2017							570,000.00						570,000.00	
Interest Payment - Series 2017							1,293,000.00						1,293,000.00	
Trustee Fees									$  22,415.38				22,415.38	
Principal Payment - Series 2021									435,000.00				435,000.00	
Interest Payment - Series 2021									752,500.00				752,500.00	
Total Expenses	$ 129,606.88		$  182,576.19		$ 2,596,042.48		$ 1,890,913.57		$ 1,209,915.38		$	-	$	 
-	$	-	$	-	$ 6,009,054.50	

Other Revenues (Expenses) & Gains (Losses)
Interest Income	$  11,126.92																$	11,126.92	
Rental Income	8,020.87																8,020.87	
Interest Income			$	715.89														715.89	
Interest Income					$  37,643.88												37,643.88	
Interest Income							$  28,749.57										28,749.57	
Interest Income									$  27,462.31								27,462.31	
Interest Income											$  15,988.03						15,988.03	
Interest Income													$  15,399.83				15,399.83	
Interest Income															$	64.15		64.15	
Total Other Revenues (Expenses) & Gains (Losses)	$  19,147.79		$	715.89		$  37,643.88		$  28,749.57		$  27,462.31		$  15,988.03		$  15,399.83		$	64.15		
$	-	$  145,171.45	
Change In Net Assets	$ 400,053.61		$	(8,328.15)		$ (1,656,565.87)		$ (1,871,554.60)		$ (1,256,157.52)		$  15,988.03		$  35,965.92		$	64.15		$	-	$ (4,340,534.43)	
Net Assets At Beginning Of Period	$ (125,093.68)		$  (250,706.61)		$  880,952.59		$  799,848.87		$ 1,142,225.61		$  452,746.68		$  425,205.77		$  1,817.09		$	-	$ 3,326,996.32	

Net Assets At End Of Period	$ 274,959.93		$  (259,034.76)		$  (775,613.28)		$ (1,071,705.73)		$  (113,931.91)		$  468,734.71		$  461,171.69		$  1,881.24		
$	-	$ (1,013,538.11)	

Revenues

Celebration Pointe CDD No. 1
Budget to Actual
For the period ending 08/31/2025

	Year To Date		Adopted Budget	Percentage	
Actual	Budget	Variance	FY2025	Spent	

On- Roll Assessments	$	624,009.16		$  660,243.48		$	(36,234.32)		$	720,265.61		86.64%	
Special Income	1.91		-		1.91		-		0.00%	
Developer Contributions	15,079.85		-		15,079.85		-		0.00%	
Developer Contributions Parking Garage	44,953.93		-		44,953.93		-		0.00%	
Net Revenues	$	684,044.85		$  660,243.48		$	23,801.37		$	720,265.61		86.64%	

General & Administrative Expenses

Engineering Fees	$	236.25	$	13,750.00	$	(13,513.75)	$	15,000.00	1.58%	
Trustee Fees	2,807.03	27,500.00	(24,692.97)	30,000.00	9.36%	
District Management Fees	32,083.37	32,083.33	0.04	35,000.00	91.67%	
Assessment Administration	22,500.00	20,625.00	1,875.00	22,500.00	100.00%	
Supervisor Fee	-	1,466.67	(1,466.67)	1,600.00	0.00%	
Reamortization Fees	-	687.50	(687.50)	750.00	0.00%	
District Counsel Fees	29,349.38	22,916.67	6,432.71	25,000.00	117.40%	
Audit Fees	9,800.00	7,791.67	2,008.33	8,500.00	115.29%	
Property Appraiser	75.00	68.75	6.25	75.00	100.00%	
Disclosure Agent	4,500.00	8,708.33	(4,208.33)	9,500.00	47.37%	
Travel & Per Diem	-	458.33	(458.33)	500.00	0.00%	
Conference Calls	-	45.83	(45.83)	50.00	0.00%	
Mailing Expenses	153.03	458.33	(305.30)	500.00	30.61%	
Arbitrage Calculation	2,450.00	-	2,450.00	-	0.00%	
General Insurance	4,216.00	3,941.67	274.33	4,300.00	98.05%	
Property Insurance	2,795.00	2,887.50	(92.50)	3,150.00	88.73%	
D&O Insurance	3,348.00	3,162.50	185.50	3,450.00	97.04%	
Printing & Binding	-	389.58	(389.58)	425.00	0.00%	
Legal Advertising	1,542.15	6,875.00	(5,332.85)	7,500.00	20.56%	
Miscellaneous	781.08	13,085.42	(12,304.34)	14,275.00	5.47%	
Dues, Licenses & Fees	175.00	279.58	(104.58)	305.00	57.38%	
Property Taxes	8,230.87	8,708.33	(477.46)	9,500.00	86.64%	
Electric	-	1,833.33	(1,833.33)	2,000.00	0.00%	
Water	2,564.72	3,666.67	(1,101.95)	4,000.00	64.12%	
Hurricane Cleanup	-	13,750.00	(13,750.00)	15,000.00	0.00%	
Website Maintenance	2,000.00	2,695.00	(695.00)	2,940.00	68.03%	
Landscaping Maintenance & Material	-	9,166.67	(9,166.67)	10,000.00	0.00%	

$	129,606.88		$	207,001.67		$	(77,394.79)		$	225,820.00		57.39%	

$	
103.24		
$	
256.29		
$	
(153.05)		
$	
279.59		
36.93%	
	1,612.09			4,001.98			(2,389.89)			4,365.80		36.93%	
	1,502.45			3,729.80			(2,227.35)			4,068.88		36.93%	
	44,882.16			111,419.08			(66,536.92)			121,548.09		36.93%	
	49,231.89			122,217.20			(72,985.31)			133,327.86		36.93%	
	64,752.97			160,747.98			(95,995.01)			175,361.43		36.93%	
	12,058.89			29,935.96			(17,877.07)			32,657.41		36.93%	
	8,432.50			20,933.52			(12,501.02)			22,836.56		36.93%	
$	182,576.19		$	453,241.81		$	(270,665.62)		$	494,445.61		36.93%	
$	312,183.07		$	660,243.48		$	(348,060.41)		$	720,265.61			
$	371,861.78		$	-		$	371,861.78		$	-			

$	
11,126.92		
$	
-		
$	
11,126.92		
$	
-			
	8,020.87			-			8,020.87			-			
	715.89			-			715.89			-			
$	19,863.68		$	-		$	19,863.68		$	-			
$	391,725.46		$	-		$	391,725.46		$	-			

Total General & Administrative Expenses

Parking Garage Expense
Late Fees
Internet & Telephone Water & Sewer Security
Electric
Property & Casualty
General Repair & Maintenance Landscaping Maintenance & Material
Total Parking Garage Expenses

Total General & Administrative Expenses

Net Income (Loss)

Other Income (Expense)
Interest Income Rental Income
Interest Income Parking Garage
Total Other Income (Expense)

Net Income (Loss)

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