One Daytona CDD
June 2025 Financial Package

June 30, 2025

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

One Daytona CDD
Statement of Financial Position
As of 6/30/2025	
	
General Fund	
Debt Service		
Long Term Debt Group			
Total	
		
Assets							
Current Assets								
General Checking Account	$	3,540.57					$	3,540.57	
Restricted Reserve	3,156.44						3,156.44	
Accounts Receivable - Due from Developer	1,525.00						1,525.00	
Revenue Series 2018		$	0.23					0.23	
Redemption Account Series 2018	
	5,003.66					5,003.66	
Total Current Assets	$	8,222.01	$	5,003.89		$	-		$	13,225.90	

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

$	5,003.89		

$	

5,003.89	
					13,985,843.61			13,985,843.61	
	$	-	$	-		$ 13,990,847.50		$	13,990,847.50	
Total Assets	$	8,222.01	$	5,003.89		$ 13,990,847.50		$	14,004,073.40	

Liabilities and Net Assets	
Current Liabilities Accounts Payable Deferred Revenue
Total Current Liabilities	
$	1,525.00					
$	
1,525.00	
	1,525.00						1,525.00	
	$	3,050.00	$	-		$	-		$	3,050.00	

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

$ 13,990,847.50		

$	

13,990,847.50	
	$	-	$	-		$ 13,990,847.50		$	13,990,847.50	
Total Liabilities	$	3,050.00	$	-		$ 13,990,847.50		$	13,993,897.50	

Net Assets								
Net Assets, Unrestricted	$	(104,000.00)					$	(104,000.00)	
Net Assets - General Government	110,456.38						110,456.38	
Current Year Net Assets - General Government	(1,284.37)						(1,284.37)	
Net Assets, Unrestricted		$	2,611.30					2,611.30	
Current Year Net Assets, Unrestricted	
	2,392.59					2,392.59	
Total Net Assets	$	5,172.01	$	5,003.89		$	-		$	10,175.90	

Total Liabilities and Net Assets	$	8,222.01	$	5,003.89		$ 13,990,847.50		$	14,004,073.40	

One Daytona CDD Statement of Activities As of 6/30/2025	
	General Fund		Debt Service		Long Term Debt Group			Total	

Revenues									
Developer Contributions	$	49,018.55						$	49,018.55	
Ad Valorem and Real Property Tax Revenue			$	737,308.86					737,308.86	
Total Revenues	$	49,018.55		$	737,308.86		$	-		$	786,327.41	
Expenses									
Public Official Insurance	$	3,351.00						$	3,351.00	
Trustee Services	4,246.25							4,246.25	
District Management	24,374.97							24,374.97	
Engineering	4,125.00							4,125.00	
District Counsel	1,959.50							1,959.50	
Audit	6,000.00							6,000.00	
Travel and Per Diem	75.04							75.04	
Postage & Shipping	1.38							1.38	
Legal Advertising	414.41							414.41	
Web Site Maintenance	1,725.00							1,725.00	
Dues, Licenses, and Fees	175.00							175.00	
General - Insurance	4,096.00							4,096.00	
Principal Payment			$	554,094.87					554,094.87	
Interest Payments			183,213.99					183,213.99	
Total Expenses	$	50,543.55		$	737,308.86		$	-		$	787,852.41	
Other Revenues (Expenses) & Gains (Losses)									
Interest Income	$	240.63						$	240.63	
Interest Income			$	2,392.59					2,392.59	
Total Other Revenues (Expenses) & Gains (Losses)	$	240.63		$	2,392.59		$	-		$	2,633.22	
Change In Net Assets	$	(1,284.37)		$	2,392.59		$	-		$	1,108.22	
Net Assets At Beginning Of Year	$	6,456.38		$	2,611.30		$	-		$	9,067.68	

Net Assets At End Of Year	
$	5,172.01		
$	5,003.89		
$	-		
$	
10,175.90	

Revenues

One Daytona CDD
Budget to Actual
For the month ending 06/30/2025

Year To Date

	Variance		FY20	25 Adopted Budget		Percentage Spent	

$	

(33,728.95)		

$	

110,330.00		

44.43%	
$	(33,728.95)		$	110,330.00		44.43%	

$	
688.50		
$	
3,550.00		
94.39%	
	871.25			4,500.00		94.36%	
	(0.03)			32,500.00		75.00%	
	(10,875.00)			20,000.00		20.63%	
	(15,290.50)			23,000.00		8.52%	
	(1,500.00)			2,000.00		0.00%	
	1,125.00			6,500.00		92.31%	
	(187.46)			350.00		21.44%	
	(37.50)			50.00		0.00%	
	(111.12)			150.00		0.92%	
	(37.50)			50.00		0.00%	
	(1,085.59)			2,000.00		20.72%	
	(337.50)			2,750.00		62.73%	
	25.00			200.00		87.50%	
	833.50			4,350.00		94.16%	
	(2,535.00)			3,380.00		0.00%	
	(3,750.00)			5,000.00		0.00%	
$	(32,203.95)		$	110,330.00		45.81%	
 $		(32,203.95)		 $		110,330.00			45.81%	
$	(1,525.00)		$	-			

$	
240.63		
$	
-			

Actual	Budget

Developer Contributions	$	49,018.55		$	82,747.50	
Net Revenues	$	49,018.55		$	82,747.50	

	  

General & Administrative Expenses

Public Official Insurance	$	3,351.00		$	2,662.50	
Trustee Services	4,246.25		3,375.00	
District Management	24,374.97		24,375.00	
Engineering	4,125.00		15,000.00	
District Counsel	1,959.50		17,250.00	
Arbitrage	-		1,500.00	
Audit	6,000.00		4,875.00	
Travel and Per Diem	75.04		262.50	
Telephone	-		37.50	
Postage & Shipping	1.38		112.50	
Copies	-		37.50	
Legal Advertising	414.41		1,500.00	
Web Site Maintenance	1,725.00		2,062.50	
Dues, Licenses, and Fees	175.00		150.00	
General - Insurance	4,096.00		3,262.50	
Contingency	-		2,535.00	
Hurricane Cleanup	-		3,750.00	
Total General & Administrative Expenses	$	50,543.55		$	82,747.50	

Total Expenses

Interest Income	$	240.63		$	-		
Total Other Income (Expense)	$	240.63		$	-	$	240.63		$	-	
Net Income (Loss)	$	(1,284.37)		$	-	$	(1,284.37)		$	-	

Income (Loss) from Operations Other Income (Expense)

 $	50,543.55	 $	82,747.50

$	(1,525.00)	$	-