Everest GMR CDD
October 2025 Financial Report

October 31, 2025

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

Statement of Financial Position As of 10/31/2025

General Fund

Debt Service Fund

Capital Fund	Long Term Debt	Total

	Assets		
Current Assets			
General Checking Account	$	1,263.64						$	1,263.64	
Accounts Receivable - Due from Developer	14,876.47						14,876.47	
Due From Other Funds	440.00						440.00	
Debt Service Reserve S2023 Bond		$  2,831,020.00					2,831,020.00	
Revenue S2023 Bond		1,178,416.73					1,178,416.73	
Capitalized Interest Account S2023 Bond		1,598.27					1,598.27	
Acquisition/Construction S2023 Bond	
			$ 1,818,077.80			1,818,077.80	
Total Current Assets	$	16,580.11	$  4,011,035.00		$ 1,818,077.80		$	-	$  5,845,692.91	

Investments
Amount Available in Debt Service Funds		$  4,011,035.00		$  4,011,035.00	
Amount To Be Provided		34,053,965.00		34,053,965.00	
Total Investments	$	-	$	-	$	-	$ 38,065,000.00		$ 38,065,000.00	

Total Assets	$	16,580.11	$  4,011,035.00	$ 1,818,077.80	$ 38,065,000.00	$ 43,910,692.91

Current Liabilities	Liabilities and Net Assets		
Accounts Payable	$	15,566.36		$	15,566.36	
Deferred Revenue	14,876.47		14,876.47	
Accounts Payable		$ 1,376,996.63	1,376,996.63	
Retainage Payable		1,139,019.48	1,139,019.48	
Due To Other Funds	
	440.00	440.00	
Total Current Liabilities	$	30,442.83	$	-	$ 2,516,456.11	$	-	$  2,546,898.94

Long Term Liabilities
Revenue Bonds Payable - Long-Term		$ 38,065,000.00		$ 38,065,000.00	
Total Long Term Liabilities	$	-	$	-	$	-	$ 38,065,000.00		$ 38,065,000.00	

Total Liabilities	$	30,442.83		$	-		$ 2,516,456.11		$ 38,065,000.00		$ 40,611,898.94	

Net Assets
Net Assets - General Government	

$	(6,455.72)								

$	(6,455.72)	
Current Year Net Assets - General Government	(7,407.00)								(7,407.00)	
Net Assets, Unrestricted			$  2,903,970.00						2,903,970.00	
Current Year Net Assets, Unrestricted			1,107,065.00						1,107,065.00	
Net Assets, Unrestricted					$  (377,381.64)				(377,381.64)	
Current Year Net Assets, Unrestricted					(320,996.67)				(320,996.67)	
Total Net Assets	$	(13,862.72)		$  4,011,035.00		$  (698,378.31)		$	-		$  3,298,793.97	
										
Total Liabilities and Net Assets	$	16,580.11		$  4,011,035.00		$ 1,818,077.80		$ 38,065,000.00		$ 43,910,692.91	

Statement of Activities As Of 10/31/2025

General Fund

Debt Service

Capital Fund

Long Term

Total

Fund	Debt

Revenues

Other Income & Other Financing Sources	$  1,107,065.00		$ 1,107,065.00	
Total Revenues		
$	-	$  1,107,065.00				
$	-	$	-	$ 1,107,065.00	

Expenses

Trustee Services	$	3,569.22				$	3,569.22	
Web Site Maintenance	170.00				170.00	
Dues, Licenses, and Fees	175.00				175.00	
General Insurance	3,506.00				3,506.00	
Capital Expenditures - Construction Cost			$	320,996.67		320,996.67	
Total Expenses	$	7,420.22			
$	-	$	320,996.67			
$	-	$	328,416.89	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	13.22		$	13.22	
Total Other Revenues (Expenses) & Gains (Losses)	$	13.22					
$	-	$	-	$	-	$	13.22	

Change In Net Assets	
$	(7,407.00)		
$  1,107,065.00		
$  (320,996.67)		
$	-	$	778,661.33	

Net Assets At Beginning Of Period	
$	(6,455.72)		
$  2,903,970.00		
$  (377,381.64)		
$	-	$ 2,520,132.64	

Net Assets At End Of Period	
$  (13,862.72)		
$  4,011,035.00		
$  (698,378.31)			

$	-	$ 3,298,793.97	

Everest GMR CDD
Budget to Actual
For the Month Ending 10/31/2025

	
YTD Actual	
YTD Budget	
YTD Variance	FY 2026
Adopted Budget	Percentage Spent	

Revenues						
Developer Contributions	$	-	$	14,769.58	$	(14,769.58)	$ 177,235.00	0.00%	
Net Revenues	$	-		$	14,769.58		$	(14,769.58)		$ 177,235.00		0.00%	
General & Administrative Expenses						
Public Officials' Insurance	$	-	$	245.33	$	(245.33)	$	2,944.00	0.00%	
Trustee Services	3,569.22	713.84	2,855.38	8,566.13	41.67%	
Management	-	2,291.67	(2,291.67)	27,500.00	0.00%	
Engineering	-	1,666.67	(1,666.67)	20,000.00	0.00%	
Disclosure	-	208.33	(208.33)	2,500.00	0.00%	
District Counsel	-	2,083.33	(2,083.33)	25,000.00	0.00%	
Assessment Administration	-	625.00	(625.00)	7,500.00	0.00%	
Reamortization Schedule	-	20.83	(20.83)	250.00	0.00%	
Audit	-	483.33	(483.33)	5,800.00	0.00%	
Travel and Per Diem	-	41.67	(41.67)	500.00	0.00%	
Postage & Shipping	-	12.50	(12.50)	150.00	0.00%	
Legal Advertising	-	208.33	(208.33)	2,500.00	0.00%	
Tax Preparation	-	4.17	(4.17)	50.00	0.00%	
Hurricane Cleanup	-	250.00	(250.00)	3,000.00	0.00%	
Web Site Maintenance	170.00	270.00	(100.00)	3,240.00	5.25%	
Dues, Licenses, and Fees	175.00	14.58	160.42	175.00	100.00%	
Electric	-	500.00	(500.00)	6,000.00	0.00%	
General Insurance	3,506.00	299.75	3,206.25	3,597.00	97.47%	
Other Insurance	-	562.50	(562.50)	6,750.00	0.00%	
Irrigation	-	833.33	(833.33)	10,000.00	0.00%	
Lake Maintenance	-	262.50	(262.50)	3,150.00	0.00%	
Landscaping Maintenance & Material	-	3,075.00	(3,075.00)	36,900.00	0.00%	
Contingency	-	96.92	(96.92)	1,162.87	0.00%	
Total General & Administrative Expenses	$	7,420.22		$	14,769.58		$	(7,349.36)		$	177,235.00		4.19%	
Total Expenses	 $	7,420.22 	 $	14,769.58 	 $	(7,349.36)	 $ 177,235.00 		4.19%	
Income (Loss) from Operations	$	(7,420.22)	$	-	$	(7,420.22)	$	-	
Other Income (Expense)						
Interest Income	$	13.22	$	-	$	13.22	$	-	
Total Other Income (Expense)	$	13.22		$	-		$	13.22		$	-		
Net Income (Loss)	$	(7,407.00)		$	-		$	(7,407.00)		$	-