One Daytona CDD
February 2025 Financial Package

February 28, 2025

PFM Group Consulting LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817-8329
(407) 723-5900

One Daytona CDD	
Statement of Financial Position	
As of 2/28/2025	

General Fund	Debt Service	Long Term Debt
Group

Total

Current Assets	
General Checking Account	
Restricted Reserve	
Accounts Receivable - Due from Developer	
Revenue Series 2018	
Redemption Account Series 2018	
Total Current Assets	

$	3,483.60	
3,114.59	
5,745.42	
0.08	
2,650.82	
$	14,994.51	

$	0.08	
2,650.82	
$	2,650.90	

Assets

$	3,483.60	
3,114.59	
5,745.42	

$	12,343.61	$	-

$	-	$	-

			

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

$	2,650.90	
14,542,291.47	
$  14,544,942.37	

$	2,650.90	
14,542,291.47	
$ 14,544,942.37	

Total Assets

$	12,343.61	$

2,650.90

$  14,544,942.37

$ 14,559,936.88

Current Liabilities	
Accounts Payable	
Deferred Revenue	
Total Current Liabilities	

$	5,745.42	
5,745.42	
$	11,490.84	

$	5,745.42	
5,745.42	
$	11,490.84	

Liabilities and Net Assets

$	-	$	-

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

$	-	$

$  14,544,942.37
-	$  14,544,942.37

$ 14,544,942.37

$ 14,544,942.37

			

Total Liabilities

$	11,490.84	$

-	$  14,544,942.37

$ 14,556,433.21

			

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

$	(104,000.00)	
110,456.38	
(5,603.61)	

$	(104,000.00)	
110,456.38	
(5,603.61)	

Net Assets, Unrestricted	
Current Year Net Assets, Unrestricted	

		
$	2,611.30	
39.60	

		
2,611.30	
39.60	

Total Net Assets

$	852.77	$

2,650.90	$

-	$	3,503.67

			

Total Liabilities and Net Assets

$	12,343.61	$

2,650.90

$  14,544,942.37

$ 14,559,936.88

One Daytona CDD	
Statement of Activities	
As of 2/28/2025	

General Fund	Debt Service	Long Term Debt
Group

Total

Interest Income	
Interest Income	
Total Other Revenues (Expenses) & Gains (Losses)	

$	141.81	
39.60	
$	181.41	

Revenues

Developer Contributions	$	21,988.98				$	21,988.98	
Total Revenues	$	21,988.98		$	-	$	-	$	21,988.98	

Public Official Insurance	
Trustee Services	
District Management	
Engineering	
District Counsel	
Travel and Per Diem	
Postage & Shipping	
Legal Advertising	
Web Site Maintenance	
Dues, Licenses, and Fees	
General - Insurance	
Total Expenses	

$	3,351.00	
4,246.25	
13,541.65	
962.50	
93.50	
75.04	
0.69	
267.77	
925.00	
175.00	
4,096.00	
$	27,734.40	

$	3,351.00	
4,246.25	
13,541.65	
962.50	
93.50	
75.04	
0.69	
267.77	
925.00	
175.00	
4,096.00	
$	27,734.40	

Expenses

Other Revenues (Expenses) & Gains (Losses)			$	-		$	-	
	$	141.81		
$	39.60				
	$	141.81		$	39.60		$	-	
Change In Net Assets	$	(5,603.61)		$	39.60		$	-	$	(5,564.01)	
Net Assets At Beginning Of Year	$	6,456.38		$	2,611.30		$	-	$	9,067.68	

Net Assets At End Of Year	
$	852.77		
$	2,650.90		
$	

-	$	3,503.67	

One Daytona CDD	
Budget to Actual	
For the month ending 02/28/2025	

	Year To Date			
Actual	Budget	Variance	FY2025 Adopted Budget	

Percentage Spent

Revenues	
Developer Contributions	

$	3,351.00		$	1,479.17	
4,246.25		1,875.00	
13,541.65		13,541.67	
962.50		8,333.33	
93.50		9,583.33	
-		833.33	
-		2,708.33	
75.04		145.83	
-		20.83	
0.69		62.50	
-		20.83	
267.77		833.33	
925.00		1,145.83	
175.00		83.33	
4,096.00		1,812.50	
-		1,408.33	
-		2,083.33	
$	27,734.40		$	45,970.83	

$	1,871.83		$	3,550.00		94.39%	
2,371.25		4,500.00		94.36%	
(0.02)		32,500.00		41.67%	
(7,370.83)		20,000.00		4.81%	
(9,489.83)		23,000.00		0.41%	
(833.33)		2,000.00		0.00%	
(2,708.33)		6,500.00		0.00%	
(70.79)		350.00		21.44%	
(20.83)		50.00		0.00%	
(61.81)		150.00		0.46%	
(20.83)		50.00		0.00%	
(565.56)		2,000.00		13.39%	
(220.83)		2,750.00		33.64%	
91.67		200.00		87.50%	
2,283.50		4,350.00		94.16%	
(1,408.33)		3,380.00		0.00%	
(2,083.33)		5,000.00		0.00%	
$	(18,236.43)		$	110,330.00		25.14%	

$	21,988.98		$	45,970.83		$	(23,981.85)		$	110,330.00		19.93%	
$	21,988.98		$	45,970.83		$	(23,981.85)		$	110,330.00		19.93%	

Net Revenues

General & Administrative Expenses	
Public Official Insurance	
Trustee Services	
District Management	
Engineering	
District Counsel	
Arbitrage	
Audit	
Travel and Per Diem	
Telephone	
Postage & Shipping	
Copies	
Legal Advertising	
Web Site Maintenance	
Dues, Licenses, and Fees	
General - Insurance	
Contingency	
Hurricane Cleanup	
Total General & Administrative Expenses

Total Expenses

Income (Loss) from Operations

Other Income (Expense)	
Interest Income	
Total Other Income (Expense)	

Net Income (Loss)

 $	27,734.40	 $	45,970.83	 $	(18,236.43)  $	110,330.00		25.14%

$	(5,745.42)	$	-	$	(5,745.42)	$	-

$	141.81	$	-	
$	141.81	$	-	

$	141.81	$	-

$	141.81	$	-

$	(5,603.61)	$	-	$	(5,603.61)	$	-