Olympus CDD
October 2025 Financial Report

October 31, 2025

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

Olympus CDD
Statement of Financial Position As of 10/31/2025

Debt Service	Construction	Custody	Long Term Debt	
Fund	Fund	Utility Fund	Fund	

General Fund	Total

	Assets		
Current Assets
General Checking Account	

$	58,394.90									

$	58,394.90	
Reserved Checking Account	120,646.04									120,646.04	
Assessments Receivable	194,133.00									194,133.00	
Assessments Receivable			$	194,416.99							194,416.99	
Debt Service Reserve S2024 Bond			178,216.00							178,216.00	
Revenue Series 2024 Bond			6,153.91							6,153.91	
Revenue S2024 AB BAN			539.76							539.76	
Capitalized Interest Account S2024 A Ban			1,295,077.76							1,295,077.76	
Capitalized Interest Account S2024 C Ban			42,003.09							42,003.09	
Capitalized Interest Fund S2024 Bond			313,787.14							313,787.14	
Series 2024 Acq & Const Ban					$  5,045,615.61					5,045,615.61	
S2024 Acquisition & Construction - Bond					351,151.83					351,151.83	
Custody Utility Construction Series 2024							$ 720,873.28			720,873.28	
Total Current Assets	$	373,173.94		$ 2,030,194.65		$  5,396,767.44		$ 720,873.28		$	
-	$  8,521,009.31	

Investments
Amount Available in Debt Service Funds	$  1,835,777.66		$  1,835,777.66	
Amount To Be Provided	15,774,222.34		15,774,222.34	
Total Investments		 	 
$	-	$	-	$	-	$	-	$ 17,610,000.00		$ 17,610,000.00	

Total Assets	$	373,173.94	$ 2,030,194.65	$  5,396,767.44	$ 720,873.28	$ 17,610,000.00	$ 26,131,009.31

Liabilities and Net Assets

Current Liabilities		
Accounts Payable	$	16,989.36							$	16,989.36	
Deferred Revenue	194,133.00							194,133.00	
Deferred Revenue			$	194,416.99					194,416.99	
Accounts Payable					$  2,323,577.69			2,323,577.69	
Retainage Payable					760,784.17		
	760,784.17	
Total Current Liabilities	$	211,122.36		$	194,416.99		$  3,084,361.86		$	-	$	-	$  3,489,901.21	

Long Term Liabilities
Revenue Bonds Payable - Long-Term	$ 17,610,000.00		$ 17,610,000.00	
Total Long Term Liabilities		 	 
$	-	$	-	$	-	$	-	$ 17,610,000.00		$ 17,610,000.00	

Total Liabilities	$	211,122.36		$	194,416.99		$  3,084,361.86		$	-		$ 17,610,000.00		$ 21,099,901.21	

Net Assets
Net Assets, Unrestricted	

$	(984.00)										

$	(984.00)	
Net Assets - General Government	169,750.63										169,750.63	
Current Year Net Assets - General Government	(6,715.05)										(6,715.05)	
Net Assets, Unrestricted			$ 1,835,777.66								1,835,777.66	
Net Assets, Unrestricted					$  3,740,621.88						3,740,621.88	
Current Year Net Assets, Unrestricted					(1,428,216.30)						(1,428,216.30)	
Net Assets, Unrestricted							$ 720,873.28				720,873.28	
Total Net Assets	$	162,051.58		$ 1,835,777.66		$  2,312,405.58		$ 720,873.28		$	-		$  5,031,108.10	
												
Total Liabilities and Net Assets	$	373,173.94		$ 2,030,194.65		$  5,396,767.44		$ 720,873.28		$ 17,610,000.00		$ 26,131,009.31	

Olympus CDD Statement of Activities As of 10/31/2025

Debt Service	Construction	Custody	Long Term	
Fund	Fund	Utility Fund	Debt Fund	

General Fund	Total

Revenues

Total Revenues	$	-	$	-	$	-	$	-	$	-	$	-

Expenses

Public Officials' Liability Insurance	$	2,774.00				$	2,774.00	
Web Site Maintenance	145.00				145.00	
Dues, Licenses, and Fees	175.00				175.00	
General Insurance	3,389.00				3,389.00	
Other Insurance	500.00				500.00	
Landscaping Maintenance & Material	300.00				300.00	
FY24 Bond Construction Cost			$  1,428,216.30		1,428,216.30	
Total Expenses	$	7,283.00			
$	-	$  1,428,216.30		  
$	-	$	-	$  1,435,499.30	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	567.95		$	567.95	
Total Other Revenues (Expenses) & Gains (Losses)	$	567.95			   
$	-	$	-	$	-	$	-	$	567.95	

Change In Net Assets	
$  (6,715.05)		
$	-		
$ (1,428,216.30)		
$	-		
$	-	$ (1,434,931.35)	

Net Assets At Beginning Of Year	$ 168,766.63		$ 1,835,777.66		$  3,740,621.88		$ 720,873.28		$	-	$  6,466,039.45	

Net Assets At End Of Year	

$ 162,051.58		

$ 1,835,777.66		

$  2,312,405.58		

$ 720,873.28		 

$	-	$  5,031,108.10	

Olympus CDD
Budget to Actual
For the Month ending 10/31/2025

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

Revenues						
On-Roll Assessments	$	-	$	16,177.75	$	(16,177.75)	$	194,133.00	0.00%	
Net Revenues	$	-		$	16,177.75		$	(16,177.75)		$	194,133.00		0.00%	
General & Administrative Expenses						
Supervisor Fees	$	-	$	666.67	$	(666.67)	$	8,000.00	0.00%	
Public Officials' Liability Insurance	2,774.00	239.89	2,534.11	2,878.70	96.36%	
Trustee Services	-	359.17	(359.17)	4,310.00	0.00%	
Management	-	4,791.67	(4,791.67)	57,500.00	0.00%	
Engineering	-	1,250.00	(1,250.00)	15,000.00	0.00%	
Annual Disclosure	-	416.67	(416.67)	5,000.00	0.00%	
Property Appraiser	-	625.00	(625.00)	7,500.00	0.00%	
District Counsel	-	2,916.67	(2,916.67)	35,000.00	0.00%	
Assessment Administration	-	625.00	(625.00)	7,500.00	0.00%	
Reamortization Schedules	-	41.67	(41.67)	500.00	0.00%	
Audit	-	708.33	(708.33)	8,500.00	0.00%	
Arbitrage Calculation	-	41.67	(41.67)	500.00	0.00%	
Travel and Per Diem	-	125.00	(125.00)	1,500.00	0.00%	
Postage & Shipping	-	16.67	(16.67)	200.00	0.00%	
Legal Advertising	-	416.67	(416.67)	5,000.00	0.00%	
Miscellaneous	-	826.02	(826.02)	9,912.60	0.00%	
Meeting Room	-	216.67	(216.67)	2,600.00	0.00%	
Web Site Maintenance	145.00	245.00	(100.00)	2,940.00	4.93%	
Dues, Licenses, and Fees	175.00	14.58	160.42	175.00	100.00%	
General Insurance	3,389.00	293.06	3,095.94	3,516.70	96.37%	
Other Insurance	500.00	-	500.00	-	0.00%	
Landscaping Maintenance & Material	300.00	1,341.67	(1,041.67)	16,100.00	1.86%	
Total General & Administrative Expenses	$	7,283.00		$	16,177.75		$	(8,894.75)		$	194,133.00		3.75%	
Total Expenses	 $  7,283.00 	 $	16,177.75 	 $	(8,894.75)	 $	194,133.00 		3.75%	
Income (Loss) from Operations	$	(7,283.00)	$	-	$	(7,283.00)	$	-	
Other Income (Expense)						
Interest Income	$	567.95	$	-	$	567.95	$	-	
Total Other Income (Expense)	$	567.95		$	-		$	567.95		$	-		
Net Income (Loss)	$	(6,715.05)		$	-		$	(6,715.05)		$	-