Olympus CDD
March 2026 Financial Report

March 31, 2026

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

Olympus CDD

Debt Service	Construction	Custody	Construction	Long Term Debt	
Fund	Fund	Utility Fund	S2024 C	Fund	

Statement of Financial Position As of 3/31/2026

	Assets		
Current Assets					
General Checking Account	$	48,583.98										$	48,583.98	
Reserved Checking Account	100,860.37										100,860.37	
Assessments Receivable	148,313.69										148,313.69	
Due From Other Funds	4,980.00										4,980.00	
Prepaid Expenses	166.66										166.66	
Debt Service Reserve S2024 Bond			$  178,216.00								178,216.00	
Revenue Series 2024 Bond			204,019.36								204,019.36	
Revenue S2024 AB BAN			547.99								547.99	
Capitalized Interest Account S2024 A Ban			886,239.04								886,239.04	
Capitalized Interest Account S2024 C Ban			42,643.16								42,643.16	
Capitalized Interest Fund S2024 Bond			166,102.66								166,102.66	
S2024 Acquisition & Construction - Ban				$	138,622.08							138,622.08	
S2024 Acquisition & Construction - Bond				81.73							81.73	
Custody Utility Construction Series 2024						$ 514,460.60					514,460.60	
S2024 Acquisition & Construction - Ban C								$ 4,730,000.00			4,730,000.00	
Total Current Assets	$  302,904.70		$ 1,477,768.21	$	138,703.81		$ 514,460.60		$ 4,730,000.00		$	-	$ 7,163,837.32	

Investments

General Fund

Total

Amount Available in Debt Service Funds			$ 1,477,768.21		$ 1,477,768.21	
Amount To Be Provided	
    		20,862,231.79		20,862,231.79	
Total Investments	$	-	$	-	$	-	$	-	$	-		$ 22,340,000.00		$ 22,340,000.00	

Total Assets

$  302,904.70

$ 1,477,768.21

$	138,703.81

$ 514,460.60

$ 4,730,000.00

$ 22,340,000.00

$ 29,503,837.32

      

	Liabilities and Net Assets		
Current Liabilities
Deferred Revenue	

$  148,313.69					

$	148,313.69	
Accounts Payable			$	7,400.00			7,400.00	
Retainage Payable			964,811.51			964,811.51	
Due To Other Funds			4,980.00		
 	4,980.00	
Total Current Liabilities	$  148,313.69		$	-	$	977,191.51		$	-	$	-	$	-	$ 1,125,505.20	

Long Term Liabilities
Revenue Bonds Payable - Long-Term	
    		$ 22,340,000.00		$ 22,340,000.00	
Total Long Term Liabilities	$	-	$	-	$	-	$	-	$	-		$ 22,340,000.00		$ 22,340,000.00	

Total Liabilities	$  148,313.69		$	-		$	977,191.51		$	-		$	-		$ 22,340,000.00		$ 23,465,505.20	

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	(14,175.62)												(14,175.62)	
Net Assets, Unrestricted			$ 1,835,777.66										1,835,777.66	
Current Year Net Assets, Unrestricted			(358,009.45)										(358,009.45)	
Net Assets, Unrestricted					$ 3,740,621.88								3,740,621.88	
Current Year Net Assets, Unrestricted					(4,579,109.58)								(4,579,109.58)	
Net Assets, Unrestricted							$ 720,873.28						720,873.28	
Current Year Net Assets, Unrestricted							(206,412.68)						(206,412.68)	
Current Year Net Assets, Unrestricted									$ 4,730,000.00				4,730,000.00	
Total Net Assets	$  154,591.01		$ 1,477,768.21		$  (838,487.70)		$ 514,460.60		$ 4,730,000.00		$	-		$ 6,038,332.12	
														
Total Liabilities and Net Assets	$  302,904.70		$ 1,477,768.21		$	138,703.81		$ 514,460.60		$ 4,730,000.00		$ 22,340,000.00		$ 29,503,837.32	

Statement of Activities As of 3/31/2026

General Fund	Debt Service Fund

Construction Fund

Custody Utility Fund

Construction S2024 C

Long Term Debt Fund

Total

Revenues

On-Roll Assessments	$  45,819.31										$	45,819.31	
On-Roll Assessments			$  194,866.92								194,866.92	
Debt Proceeds - Series 2024 C					
 		$ 4,730,000.00				4,730,000.00	
Total Revenues	$  45,819.31		$  194,866.92		$	-	$	-		$ 4,730,000.00		$	-		$ 4,970,686.23	

Expenses

Supervisor Fees	$	1,600.00										$	1,600.00	
Public Officials' Liability Insurance	2,774.00										2,774.00	
Trustee Services	833.34										833.34	
Management	23,958.35										23,958.35	
Engineering	3,667.50										3,667.50	
Annual Disclosure	1,250.00										1,250.00	
District Counsel	9,574.00										9,574.00	
Assessment Administration	7,500.00										7,500.00	
Audit	4,500.00										4,500.00	
Tax Preparation	33.60										33.60	
Travel and Per Diem	112.33										112.33	
Postage & Shipping	65.00										65.00	
Legal Advertising	471.75										471.75	
Web Site Maintenance	1,170.00										1,170.00	
Dues, Licenses, and Fees	175.00										175.00	
General Insurance	3,389.00										3,389.00	
Other Insurance	646.00										646.00	
Landscaping Maintenance & Material	1,500.00										1,500.00	
Interest Payments - Ban			$  423,654.25								423,654.25	
Interest Payments - Bond			150,716.00								150,716.00	
Engineering					$	790,745.16						790,745.16	
FY24 Bond Construction Cost					3,846,151.37						3,846,151.37	
Environmental Consulting					7,400.00						7,400.00	
Engineering							$  17,190.00				17,190.00	
Capital Expenditures							200,028.15		
 		200,028.15	
Total Expenses	$  63,219.87		$  574,370.25		$  4,644,296.53		$ 217,218.15		$	-	$	-		$ 5,499,104.80	

Other Revenues (Expenses) & Gains (Losses)

Interest Income	$	3,224.94								$	3,224.94	
Interest Income			$	21,493.88						21,493.88	
Interest Income					$	65,186.95				65,186.95	
Interest Income							$  10,805.47		10,805.47	
Total Other Revenues (Expenses) & Gains (Losses)	$	3,224.94		$	21,493.88		$	65,186.95		$  10,805.47		  
$	-	$	-	$  100,711.24	

Change In Net Assets	
$	
(14,175.62)	
$	
(358,009.45)	
$ (4,579,109.58)	
$ (206,412.68)	
$ 4,730,000.00	
$	
-	
$	
(427,707.33)	

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

$ 154,591.01

$ 1,477,768.21

$  (838,487.70)

$ 514,460.60

$ 4,730,000.00	$

-	$ 6,038,332.12

Olympus CDD

Olympus CDD
Budget to Actual
For the Month ending 03/31/2026

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

Revenues						
On-Roll Assessments	$	45,819.31	$	97,066.50	$	(51,247.19)	$	194,133.00	23.60%	
Net Revenues	$	45,819.31		$	97,066.50		$	(51,247.19)		$	194,133.00		23.60%	
General & Administrative Expenses						
Supervisor Fees	$	1,600.00	$	4,000.00	$	(2,400.00)	$	8,000.00	20.00%	
Public Officials' Liability Insurance	2,774.00	1,439.35	1,334.65	2,878.70	96.36%	
Trustee Services	833.34	2,155.00	(1,321.66)	4,310.00	19.34%	
Management	23,958.35	28,750.00	(4,791.65)	57,500.00	41.67%	
Engineering	3,667.50	7,500.00	(3,832.50)	15,000.00	24.45%	
Annual Disclosure	1,250.00	2,500.00	(1,250.00)	5,000.00	25.00%	
Property Appraiser	-	3,750.00	(3,750.00)	7,500.00	0.00%	
District Counsel	9,574.00	17,500.00	(7,926.00)	35,000.00	27.35%	
Assessment Administration	7,500.00	3,750.00	3,750.00	7,500.00	100.00%	
Reamortization Schedules	-	250.00	(250.00)	500.00	0.00%	
Audit	4,500.00	4,250.00	250.00	8,500.00	52.94%	
Arbitrage Calculation	-	250.00	(250.00)	500.00	0.00%	
Travel and Per Diem	112.33	750.00	(637.67)	1,500.00	7.49%	
Postage & Shipping	65.00	100.00	(35.00)	200.00	32.50%	
Legal Advertising	471.75	2,500.00	(2,028.25)	5,000.00	9.44%	
Miscellaneous	33.60	4,956.30	(4,922.70)	9,912.60	0.34%	
Meeting Room	-	1,300.00	(1,300.00)	2,600.00	0.00%	
Web Site Maintenance	1,170.00	1,470.00	(300.00)	2,940.00	39.80%	
Dues, Licenses, and Fees	175.00	87.50	87.50	175.00	100.00%	
General Insurance	3,389.00	1,758.35	1,630.65	3,516.70	96.37%	
Other Insurance	646.00	-	646.00	-	0.00%	
Landscaping Maintenance & Material	1,500.00	8,050.00	(6,550.00)	16,100.00	9.32%	
Total General & Administrative Expenses	$	63,219.87		$	97,066.50		$	(33,846.63)		$	194,133.00		32.57%	
Total Expenses	 $	63,219.87 	 $	97,066.50 	 $	(33,846.63)	 $	194,133.00 		32.57%	
Income (Loss) from Operations	$	(17,400.56)	$	-	$	(17,400.56)	$	-	
Other Income (Expense)						
Interest Income	$	3,224.94	$	-	$	3,224.94	$	-	
Total Other Income (Expense)	$	3,224.94		$	-		$	3,224.94		$	-		
Net Income (Loss)	$	(14,175.62)		$	-		$	(14,175.62)		$	-