Palm Glades	
Community Development District	

Unaudited Financial Reporting	
September 30, 2025	

Table of Contents

1-2

3-5

6

7

8

9

10

11

12

13

14-16

17-18

19-20

	Balance Sheet

	General Fund

	Capital Reserve Fund

	Debt Service Fund Series 2016

	Debt Service Fund Series 2017

	Debt Service Fund Series 2018A1&A2

	Debt Service Fund Series 2020

	Debt Service Fund Series 2021

	Capital Project Fund Series 2018

	Capital Project Fund Series 2021

	Month to Month

	Long Term Debt Report

	Assessment Receipt Schedule

Palm Glades	
Community Development District	
Combined Balance Sheet	
September 30, 2025	

Assets:	
Cash:	
Operating Account	
Capital Reserve	

	
$	21,256	
-	

	
$	-	
-	

	
$	-	
6,219	

	
$	-	
-	

	
$	21,256	
6,219	

Investments:	
State Board of Administration (SBA)	

Series 2016	
Reserve	
Revenue	
Interest	
Principal	
Series 2017	
Reserve	
Revenue	
Interest	
Sinking	
Series 2018A1	
Reserve	
Interest	
Revenue	
Principal	
Series 2018A2	
Reserve	
Interest	
Principal	
Sinking	
Acq. & Construction - Series 2018A1	
Series 2020	
Reserve	
Interest	
Revenue	
Sinking	
Series 2021	
Reserve	
Interest	
Revenue	
Sinking	
Acq. & Construction - Series 2021	

703,634	-	475,099	-	1,178,733

-	
-	
-	
-	

544,426	
646,296	
21	
70	

-	
-	
-	
-	

-	
-	
-	
-	

544,426	
646,296	
21	
70	

-	
-	
-	
-	

150,418	
274,211	
24	
45	

-	
-	
-	
-	

-	
-	
-	
-	

150,418	
274,211	
24	
45	

-	
-	
-	
-	

330,094	
21	
628,314	
6	

-	
-	
-	
-	

-	
-	
-	
-	

-	
-	
-	

330,094	
21	
628,314	
6	
-	
38,372	
6	
158	
5	
2,891	

38,372	
6	
158	
5	
-	

-	
-	
-	
-	
-	

-	
-	
-	
-	
2,891	

-

-	
-	
-	
-	

29,276	
2	
34,044	
2	

-	
-	
-	
-	

-	
-	
-	
-	

29,276	
2	
34,044	
2	

-	
-	
-	
-	
-	

3,444	
14	
28,391	
21	
-	

-	
-	
-	
-	
-	

-	
-	
-	
-	
90	

3,444	
14	
28,391	
21	
90	

Prepaid Expenses	
Deposits	

78,762	
6,874	

-	
-	

-	
-	

-	
-	

78,762	
6,874	

Total Assets	$	810,526	$ 2,707,680	$	481,318	$	2,980	$	4,002,504	

Liabilities:	
Accounts Payable	

$	87,971	$

-	$	-	$	-	$

87,971

Total Liabilities	$	87,971	$	-	$	-	$	-	$	87,971	

Fund Balance:	
Nonspendable:	
Deposits	
Restricted for:	
Debt Service	
Capital Project	
Assigned for:	
Capital Reserve Fund	
Unassigned	

$	6,874	$	-	$

2,707,680	
-	

-
-

-	$	-	$

-	
-	

-	
2,980	

6,874

2,707,680	
2,980	

Palm Glades	
Community Development District	
Combined Balance Sheet	
September 30, 2025	

-	
636,919	

	
-	
-	

	
481,318	
-	

	
-	
-	

	
481,318	
636,919	

Total Fund Balances	$	722,554	$ 2,707,680	$	481,318	$	2,980	$	3,914,533	

Total Liabilities & Fund Balance	$	810,526	$  2,707,680	$	481,318	$	2,980	$	4,002,504	

Palm Glades	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Revenues:		
Special Assessments - Tax Roll	$	2,585,061	
Interest Income	40,000	
Guess Passes	-	
Party Rental Fees	10,000	
Non-Residential Memberships	-	
Miscellaneous	-	
Key Card/Replacements	-	
Landscape Replacement Damage	-	
Resident Events	-	

	
$  2,585,061	
40,000	
-	
10,000	
-	
-	
-	
-	
-	

	
$  2,600,068	
51,559	
1,175	
17,340	
15,180	
8,166	
2,781	
4,845	
974	

	
$	15,007	
11,559	
1,175	
7,340	
15,180	
8,166	
2,781	
4,845	
974	

Total Revenues	$  2,635,061	$ 2,635,061	$2,702,088	$	67,027	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	12,000	$	9,800	$	2,200	
PR-FICA	918	918	750	168	
Engineering	10,000	10,000	7,250	2,750	
Attorney	45,000	45,000	39,054	5,946	
Annual Audit	7,300	7,300	4,800	2,500	
Assessment Administration	2,000	2,000	2,000	-	
Arbitrage Rebate	2,400	2,400	1,800	600	
Dissemination Agent	2,750	2,750	2,750	(0)	
Trustee Fees	24,000	24,000	24,000	-	
Management Fees	51,576	51,576	51,576	(0)	
Website Maintenance	3,300	3,300	3,300	-	
Telephone	100	100	-	100	
Postage & Delivery	1,000	1,000	795	205	
Insurance General Liability	10,800	10,800	9,804	996	
Printing & Binding	2,900	2,900	1,035	1,865	
Rentals & Leases	2,640	2,640	2,620	20	
Legal Advertising	2,600	2,600	3,658	(1,058)	
Other Current Charges	1,050	1,050	316	734	
Office Supplies	260	260	55	205	
Dues, Licenses & Subscriptions	175	175	175	-	
Capital Outlay	250	250	-	250	
Total General & Administrative	$	183,019	$	183,019	$	165,538	$	17,481	

Palm Glades	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Operations & Maintenance

Field Expenditures		
Landscape Maintenance	$	200,435	
Porter Service	79,560	
Mulch	65,050	
Tree Trimming & Palm Pruning	39,000	
Landscape Fertilization and Pest Control	43,870	
Annuals	15,000	
Plants Replacement	50,000	
Irrigation System	23,940	
Irrigation Repairs	30,000	
Electricity	40,000	
Refuse	17,500	
Entrance Maintenance & Repairs	29,000	
Janitorial Supplies	4,200	
Lake Maintenance	13,500	
Lake Debris Removal	3,600	
Cleaning of Drainage System	22,000	
Pressure Cleaning - Sidewalk	18,600	
Field Management	23,198	
Security Services	661,128	
Holiday Decorations	35,000	
Sidewalk Repairs	50,000	
Contingency	60,000	
Capital Reserves	157,325	

$	200,435	
79,560	
65,050	
39,000	
43,870	
15,000	
50,000	
23,940	
30,000	
40,000	
17,500	
29,000	
4,200	
13,500	
3,600	
22,000	
18,600	
23,198	
661,128	
35,000	
50,000	
60,000	
157,325	

$	190,890	
79,560	
68,021	
34,045	
43,558	
14,100	
44,749	
22,800	
42,956	
36,817	
18,836	
7,840	
-	
9,420	
-	
14,775	
20,650	
23,198	
555,539	
44,865	
4,500	
35,264	
157,325	

$	9,545	
-	
(2,971)	
4,955	
312	
900	
5,251	
1,140	
(12,956)	
3,183	
(1,336)	
21,160	
4,200	
4,080	
3,600	
7,225	
(2,050)	
(0)	
105,589	
(9,865)	
45,500	
24,736	
-	

Subtotal Field Expenditures	$  1,681,906	$ 1,681,906	$ 1,469,707	$	212,199	

Clubhouse Expenditures		
Access Control (cards, systems, cameras maint.)	$	5,000	
Air Conditioning Maintenance	7,000	
Basketball Court Repairs and Maintenance	10,000	
Cable & Internet Service	5,000	
IT Services	2,500	
Circuit Training Equipment Maintenance	6,350	
Sauna Equipment Maintenance	3,500	
Electricity	51,000	
Fire Alarm & Building Alarm Monitoring	8,000	
Gazebo and Trellis Repairs and Maintenance	11,000	
Holiday Decorations	12,000	
Insurance	69,300	
Flood Insurance	14,000	
Irrigation Repairs and Maintenance	5,000	
Janitorial	70,000	
Janitorial Supplies	5,200	
Landscape Maintenance	30,540	
Landscape Replacement (Includes Mulching)	26,176	
Management Fees	239,157	
Office Equipment Maintenance	9,000	
Office Supplies/Clubhouse Supplies	15,000	
Pest Control - Exterior	9,200	

$	5,000	
7,000	
10,000	
5,000	
2,500	
6,350	
3,500	
51,000	
8,000	
11,000	
12,000	
69,300	
14,000	
5,000	
70,000	
5,200	
30,540	
26,176	
239,157	
9,000	
15,000	
9,200	

$	7,369	
6,598	
5,301	
4,979	
2,496	
3,882	
7,775	
47,165	
10,455	
-	
11,395	
63,111	
12,540	
-	
68,800	
2,522	
23,520	
32,720	
242,407	
-	
28,414	
6,005	

$	(2,369)	
402	
4,699	
21	
4	
2,468	
(4,275)	
3,835	
(2,455)	
11,000	
605	
6,189	
1,460	
5,000	
1,200	
2,678	
7,020	
(6,544)	
(3,250)	
9,000	
(13,414)	
3,195	

Palm Glades	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Clubhouse Expenditures (continued)		
Pest Control - Interior	$	-	
Pool, Spa and Waterpark Maintenance	45,000	
Pool, Spa and Waterpark Repairs	32,500	
Printing & Postage	2,400	
Property Taxes	500	
Repairs/Maintenance & Supplies (General)	50,000	
Residential Social Expenses	50,000	
Security	76,545	
Telephone	700	
Trash Collection/Recycling	6,500	
Water & Sewer	8,000	
Window Cleaning/Pressure Cleaning	4,000	
Contingency	31,649	

	
$	-	
45,000	
32,500	
2,400	
500	
50,000	
50,000	
76,545	
700	
6,500	
8,000	
4,000	
31,649	

	
$	640	
47,730	
35,343	
-	
669	
15,778	
69,075	
103,021	
919	
-	
7,006	
-	
116,002	

	
(640)	
(2,730)	
(2,843)	
2,400	
(169)	
34,222	
(19,075)	
(26,476)	
(219)	
6,500	
3,619	
4,000	
(84,353)	

Subtotal Clubhouse Expenditures	$	921,717	$	921,717	$	983,639	$	(59,298)	

Total Operations & Maintenance	$  2,603,623	$ 2,603,623	$ 2,453,347	$	152,901	

Total Expenditures	$  2,786,642	$ 2,786,642	$ 2,618,885	$	170,382	

Excess (Deficiency) of Revenues over Expenditures	$	(151,581)	$	(151,581)	$	83,203	$	237,409	

Net Change in Fund Balance	$	(151,581)	$  (151,581)	$	83,203	$	237,409	
	
Fund Balance - Beginning	$	151,581		$	639,351		
	
Fund Balance - Ending	$	-		$	722,554		

Palm Glades	
Community Development District	
Capital Reserve Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 09/30/25	Thru 09/30/25	Variance	

Revenues		
Capital Reserve Contributions	$	275,000	
Interest Income	2,500	

$	275,000	
2,500	

$	157,325	
18,887	

$	(117,675)	
16,387	

Total Revenues	$	277,500	$	277,500	$	176,212	$  (101,288)	
Expenditures:		
Bank Charges	500	500	$	622	(122)	
Total Expenditures	$	500	$	500	$	622	$	(122)	

Excess (Deficiency) of Revenues over Expenditures	$	277,000	$	175,590	

Net Change in Fund Balance	$	277,000	$	-	$	175,590	$	(122)	
				
Fund Balance - Beginning	$	302,213		$	305,728	
				
Fund Balance - Ending	$	579,213		$	481,318	

Palm Glades	
Community Development District	
Debt Service Fund Series 2016	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 09/30/25	Thru 09/30/25	Variance	

Revenues:		
Special Assessments - Tax Roll	$  899,599	
Interest Income	10,000	

$	899,599	
10,000	

$  903,696	
58,854	

$	4,097	
48,854	

Total Revenues	$  909,599	$	909,599	$  962,550	$	52,952	
Expenditures:		
Interest Expense - 11/1	$  160,556	$	160,556	$  160,556	$	-	
Principal Expense - 5/1	565,000	565,000	565,000	-	
Interest Expense - 5/1	160,556	160,556	160,556	-	
Total Expenditures	$  886,113	$	886,113	$  886,113	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	23,486	$	23,486	$	76,438	$	52,952	

Net Change in Fund Balance	$	23,486	$	23,486	$	76,438	$	52,952	
		
Fund Balance - Beginning	$  587,791	$ 1,114,375	
		
Fund Balance - Ending	$  611,277	$ 1,190,813	

Palm Glades	
Community Development District	
Debt Service Fund Series 2017	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Revenues:		
Special Assessments - Tax Roll	$  727,253	
Interest Income	10,000	

	
$	727,253	
10,000	

	
$  730,220	
24,065	

	
$	2,967	
14,065	

Total Revenues	$  737,253	$	737,253	$  754,286	$	17,033	
Expenditures:		
Interest Expense - 11/1	$  186,250	$	186,250	$  186,250	$	-	
Principal Expense - 5/1	360,000	360,000	360,000	-	
Interest Expense - 5/1	186,250	186,250	186,250	-	
Total Expenditures	$  732,500	$	732,500	$  732,500	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	4,753	$	4,753	$	21,786	$	17,033	

Net Change in Fund Balance	$	4,753	$	4,753	$	21,786	$	17,033	
		
Fund Balance - Beginning	$  283,648	$  402,912	
		
Fund Balance - Ending	$  288,401	$  424,698	

Palm Glades	
Community Development District	
Debt Service Fund Series 2018A-1 & A-2	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Revenues:		
Special Assessments - Tax Roll	$  682,304	
Interest Income	20,000	

	
$	682,304	
20,000	

	
$  685,262	
41,608	

	
$	2,958	
21,608	

Total Revenues	$  702,304	$	702,304	$  726,869	$	24,565	
Expenditures:		
Series 2018A1		
Interest Expense - 11/1	$  171,095	$	171,095	$  171,095	$	-	
Principal Expense - 11/1	210,000	210,000	210,000	-	
Interest Expense - 5/1	167,945	167,945	167,945	-	

Series 2018A2		
Interest Expense - 11/1	44,334	44,334	44,334	-	
Principal Expense - 11/1	40,000	40,000	40,000	-	
Interest Expense - 5/1	43,434	43,434	43,434	-	
Total Expenditures	$  676,809	$	676,809	$  676,809	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	25,495	$	25,495	$	50,061	$	24,565	

Net Change in Fund Balance	$	25,495	$	25,495	$	50,061	$	24,565	
		
Fund Balance - Beginning	$  591,226	$  946,915	
		
Fund Balance - Ending	$  616,722	$  996,975	

Palm Glades	
Community Development District	
Debt Service Fund Series 2020	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Revenues:		
Special Assessments - Tax Roll	$	51,000	
Interest Income	1,000	

	
$	51,000	
1,000	

	
$	51,208	
2,847	

	
$	208	
1,847	

Total Revenues	$	52,000	$	52,000	$	54,055	$	2,055	

Expenditures:		
Interest Expense - 11/1	$	15,700	$	15,700	$	15,700	$	-	
Principal Expense - 5/1	20,000	20,000	20,000	-	
Interest Expense - 5/1	15,700	15,700	15,700	-	
Total Expenditures	$	51,400	$	51,400	$	51,400	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	600	$	600	$	2,655	$	2,055	

Net Change in Fund Balance	$	600	$	600	$	2,655	$	2,055	
		
Fund Balance - Beginning	$	34,696	$	60,669	
		
Fund Balance - Ending	$	35,296	$	63,324	

Palm Glades	
Community Development District	
Debt Service Fund Series 2021	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Revenues:		
Special Assessments - Tax Roll	$	30,769	
Interest Income	500	

	
$	30,769	
500	

	
$	30,894	
1,354	

	
$	125	
854	

Total Revenues	$	31,269	$	31,269	$	32,248	$	979	

Expenditures:		
Interest Expense - 12/15	$	8,968	$	8,968	$	8,968	$	-	
Principal Expense - 12/15	12,000	12,000	12,000	-	
Interest Expense - 6/15	8,836	8,836	8,836	-	
Total Expenditures	$	29,805	$	29,805	$	29,805	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	1,465	$	1,465	$	2,444	$	979	

Net Change in Fund Balance	$	1,465	$	1,465	$	2,444	$	979	
		
Fund Balance - Beginning	$	26,820	$	29,426	
		
Fund Balance - Ending	$	28,285	$	31,870	

Revenues		
Interest Income	$	-	

$	-	$

123	$

123

Palm Glades	
Community Development District	
Capital Projects Fund Series 2018A-1 & A-2	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Total Revenues	$	-	$	-	$	123	$	123	
Expenditures:		
Capital Outlay	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	123	$	123	

Net Change in Fund Balance	$	-	$	123	
		
Fund Balance - Beginning	$	-	$	2,767	
		
Fund Balance - Ending	$	-	$	2,891	

Palm Glades	
Community Development District	
Capital Projects Fund Series 2021	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending September 30, 2025	

Revenues		
Interest Income	$	-	

$	-	$	4	$	4

Total Revenues	$	-	$	-	$	4	$	4	
Expenditures:		
Capital Outlay	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	4	$	4	

Net Change in Fund Balance	$	-	$	4	
		
Fund Balance - Beginning	$	-	$	86	
		
Fund Balance - Ending	$	-	$	90	

Palm Glades	
Community Development District	
Month to Month	

Revenues:														
Special Assessments - Tax Roll	$	-	$  156,782	$ 2,204,823	$	48,677	$	48,731	$	24,160	$	63,027	$	8,243	$	45,238	$	-	$	387	$	-	$	2,600,068	
Interest Income	1,945	1,476	1,349	4,350	6,972	7,155	6,133	5,778	4,855	4,552	3,986	3,009	51,559	
Guess Passes	110	-	-	-	-	40	80	325	160	90	280	90	1,175	
Party Rental Fees	920	2,190	-	2,905	3,075	1,740	1,240	-	1,665	1,265	2,010	330	17,340	
Non-Residential Memberships	4,140	2,760	-	1,380	1,380	1,380	1,380	2,760	-	-	-	-	15,180	
Miscellaneous	-	-	-	7,183	-	-	-	-	-	-	983	-	8,166	
Key Card/Replacements	350	105	-	290	232	350	331	220	101	-	502	300	2,781	
Landscape Replacement Damage	-	2,842	1,156	-	847	-	-	-	-	-	-	-	4,845	
Resident Events	-	241	-	-	-	-	-	-	178	203	210	142	974	

Total Revenues	$	7,465	$ 166,396	$ 2,207,328	$  64,784	$  61,238	$  34,825	$  72,191	$  17,326	$  52,197	$	6,110	$	8,357	$	3,871	$  2,702,088	
Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	1,000	$	800	$	1,000	$	800	$	1,000	$	1,000	$	1,000	$	600	$	800	$	800	$	1,000	$	9,800	
PR-FICA	-	77	61	77	61	77	77	77	46	61	61	77	750	
Engineering	-	-	-	-	-	-	-	2,500	-	-	3,500	1,250	7,250	
Attorney	500	1,815	3,190	2,613	7,572	3,055	5,482	4,140	3,433	5,030	2,225	-	39,054	
Annual Audit	-	-	-	-	1,500	3,300	-	-	-	-	-	-	4,800	
Assessment Administration	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	
Arbitrage Rebate	-	-	-	-	-	-	-	-	-	1,200	600	-	1,800	
Dissemination Agent	229	229	229	229	229	229	229	229	229	229	229	229	2,750	
Trustee Fees	7,500	-	-	-	-	-	8,500	8,000	-	-	-	-	24,000	
Management Fees	4,298	4,298	4,298	4,298	4,298	4,298	4,298	4,298	4,298	4,298	4,298	4,298	51,576	
Website Maintenance	275	275	275	275	275	275	275	275	275	275	275	275	3,300	
Telephone		-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	50	48	74	163	42	30	115	69	76	35	39	52	795	
Insurance General Liability	9,804	-	-	-	-	-	-	-	-	-	-	-	9,804	
Printing & Binding	87	0	106	78	76	80	97	121	60	146	102	83	1,035	
Rentals & Leases	220	220	220	220	220	220	220	220	200	220	220	220	2,620	
Legal Advertising		-	-	-	-	-	-	1,023	-	2,635	-	-	3,658	
Other Current Charges		-	-	-	-	-	7	69	32	47	89	73	316	
Office Supplies	5	5	-	5	5	5	5	5	5	5	5	5	55	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Capital Outlay														
Total General & Administrative	$  25,143	$	7,967	$	9,253	$	8,957	$  15,078	$  12,569	$  20,304	$  22,026	$	9,254	$  14,981	$  12,444	$	7,562	$	165,538	

Palm Glades	
Community Development District	
Month to Month	

Operations & Maintenance

Field Expenditures														
Landscape Maintenance	$	15,908	$	15,908	$	15,908	$	15,908	$	15,908	$	15,908	$	15,908	$	15,908	$	15,908	$	15,908	$	15,908	$	15,908	$	190,890	
Porter Service	7,956	5,967	5,967	5,967	7,956	5,967	5,967	7,956	5,967	5,967	7,956	5,967	79,560	
Mulch	-	32,040	-	-	-	35,980	-	-	-	-	-	-	68,021	
Tree Trimming & Palm Pruning	34,045	-	-	-	-	-	-	-	-	-	-	-	34,045	
Landscape Fertilization and Pest Control	3,630	3,630	3,630	3,630	3,630	3,630	3,630	3,630	3,630	3,630	3,630	3,630	43,558	
Annuals	-	4,700	-	-	4,700	-	-	-	4,700	-	-	-	14,100	
Plants Replacement	3,700	6,827	2,004	4,667	-	3,542	3,165	8,468	2,689	3,000	998	5,690	44,749	
Irrigation System	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	22,800	
Irrigation Repairs	2,765	2,775	5,970	1,340	6,489	5,842	2,842	1,230	2,960	1,345	9,397	-	42,956	
Electricity	2,856	2,847	3,160	3,216	3,122	2,962	3,128	3,160	3,169	3,100	3,145	2,951	36,817	
Refuse	1,516	1,464	1,516	1,643	1,516	1,577	1,577	1,577	1,721	1,577	1,577	1,577	18,836	
Entrance Maintenance & Repairs	-	-	-	-	2,450	-	-	-	5,390	-	-	-	7,840	
Janitorial Supplies	-	-	-	-	-	-	-	-	-	-	-	-	-	
Lake Maintenance	785	785	785	785	785	785	785	785	785	785	785	785	9,420	
Lake Debris Removal	-	-	-	-	-	-	-	-	-	-	-	-	-	
Cleaning of Drainage System	3,900	-	-	-	-	-	-	-	-	-	10,875	-	14,775	
Pressure Cleaning - Sidewalk	-	-	-	20,650	-	-	-	-	-	-	-	-	20,650	
Field Management	1,933	1,933	1,933	1,933	1,933	1,933	1,933	1,933	1,933	1,933	1,933	1,933	23,198	
Security Services	42,483	42,685	65,796	42,630	42,717	42,448	42,511	41,921	42,962	64,128	42,328	42,928	555,539	
Holiday Decorations	-	-	44,865	-	-	-	-	-	-	-	-	-	44,865	
Sidewalk Repairs	4,500	-	-	-	-	-	-	-	-	-	-	-	4,500	
Contingency	2,550	450	8,113	-	8,133	5,475	758	4,250	1,085	2,260	2,190	-	35,264	
Capital Reserves	-	-	-	157,325	-	-	-	-	-	-	-	-	157,325	

Subtotal Field Expenditures	$ 130,426	$ 123,910	$  161,547	$ 261,593	$ 101,240	$ 127,950	$  84,105	$  92,717	$  94,798	$ 105,532	$ 102,621	$  83,269	$  1,469,707	

Palm Glades	
Community Development District	
Month to Month	

Clubhouse Expenditures														
Access Control (cards, systems, cameras maint	$	-	$	931	$	-	$	-	$	-	$	-	$	1,775	$	300	$	2,244	$	925	$	675	$	519	$	7,369	
Air Conditioning Maintenance	-	-	2,285	-	-	1,105	-	505	1,055	-	303	1,345	6,598	
Basketball Court Repairs and Maintenance	-	-	-	-	-	-	2,480	44	2,778	-	-	-	5,301	
Cable & Internet Service	407	416	345	431	431	431	420	420	420	420	420	420	4,979	
IT Services	208	208	208	208	208	208	208	208	208	208	208	208	2,496	
Circuit Training Equipment Maintenance	-	1,254	-	-	1,077	470	-	684	187	-	210	-	3,882	
Sauna Equipment Maintenance	-	-	-	375	-	-	-	-	250	-	-	7,150	7,775	
Electricity	4,187	4,044	4,005	3,821	4,425	3,619	3,521	3,637	3,735	3,870	4,323	3,978	47,165	
Fire Alarm & Building Alarm Monitoring	5,795	100	-	-	170	400	-	-	300	360	100	3,230	10,455	
Gazebo and Trellis Repairs and Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Holiday Decorations	-	-	11,395	-	-	-	-	-	-	-	-	-	11,395	
Insurance	63,111	-	-	-	-	-	-	-	-	-	-	-	63,111	
Flood Insurance	-	-	-	-	-	-	-	-	12,540	-	-	-	12,540	
Irrigation Repairs and Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Janitorial	5,800	5,700	5,800	5,700	5,700	5,700	5,900	5,700	5,700	5,700	5,700	5,700	68,800	
Janitorial Supplies	-	-	-	-	125	-	250	585	260	260	523	520	2,522	
Landscape Maintenance	1,960	1,960	1,960	1,960	1,960	1,960	1,960	1,960	1,960	1,960	1,960	1,960	23,520	
Landscape Replacement (Includes Mulching)	-	31,570	-	-	-	-	1,150	-	-	-	-	-	32,720	
Management Fees	17,062	19,521	25,094	23,831	19,104	17,260	20,959	16,884	24,752	17,242	19,534	21,165	242,407	
Office Equipment Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Office Supplies/Clubhouse Supplies	2,491	4,746	1,461	3,193	2,497	286	2,463	3,117	3,042	2,444	1,257	1,419	28,414	
Pest Control - Exterior	250	250	250	250	250	3,775	370	250	90	90	90	90	6,005	
Pest Control - Interior	-	-	-	-	-	-	-	-	160	160	160	160	640	
Pool, Spa and Waterpark Maintenance	3,790	3,790	3,790	3,790	3,790	3,790	3,790	3,790	3,790	4,690	5,140	3,790	47,730	
Pool, Spa and Waterpark Repairs	590	175	1,275	1,027	743	3,530	2,822	9,379	5,484	280	2,605	7,434	35,343	
Printing & Postage	-	-	-	-	-	-	-	-	-	-	-	-	-	
Property Taxes	-	669	-	-	-	-	-	-	-	-	-	-	669	
Repairs/Maintenance & Supplies (General)	447	702	101	74	491	583	823	4,695	2,485	1,086	126	4,163	15,778	
Residential Social Expenses	19,378	6,969	9,761	3,030	3,068	6,457	7,136	4,699	1,350	3,835	2,480	912	69,075	
Security	7,343	7,607	12,879	8,279	7,364	7,670	7,712	7,891	7,754	12,470	4,130	11,922	103,021	
Telephone	73	80	80	75	75	75	80	80	75	75	80	75	919	
Trash Collection/Recycling	-	-	-	-	-	-	-	-	-	-	-	-	-	
Water & Sewer	-	1,480	-	-	2,314	-	-	2,044	-	-	-	1,169	7,006	
Window Cleaning/Pressure Cleaning	-	-	-	-	-	-	-	-	-	-	-	-	-	
Contingency	4,696	4,488	20,475	17,180	11,725	8,818	11,045	13,045	7,313	3,730	1,125	12,361	116,002	

Subtotal Clubhouse Expenditures	$ 137,589	$  96,660	$  101,163	$  73,222	$  65,515	$  66,136	$  74,863	$  79,917	$  87,931	$  59,804	$  51,150	$  89,690	$	983,639	

Total Operations & Maintenance	$ 268,015	$ 220,570	$  262,710	$ 334,815	$ 166,755	$ 194,085	$ 158,968	$ 172,634	$ 182,729	$ 165,336	$ 153,771	$ 172,959	$  2,453,347	

Total Expenditures	$ 293,158	$ 228,537	$  271,964	$ 343,772	$ 181,833	$ 206,654	$ 179,272	$ 194,660	$ 191,983	$ 180,318	$ 166,215	$ 180,521	$  2,618,885	

Excess (Deficiency) of Revenues over Expe	$ (285,693)	$  (62,141)	$ 1,935,364	$ (278,988)	$ (120,596)	$ (171,829)	$ (107,081)	$ (177,334)	$ (139,785)	$ (174,208)	$ (157,858)	$ (176,650)	$	83,203	

Net Change in Fund Balance	$ (285,693)	$ (62,141)	$ 1,935,364	$ (278,988)	$ (120,596)	$ (171,829)	$ (107,081)	$ (177,334)	$ (139,785)	$ (174,208)	$ (157,858)	$ (176,650)	$	83,203	

Palm Glades
Community Development District Long Term Debt Report

Special Assessment Refunding Bonds, Series 2016	

Original Issue Amount: 04/28/2016	
$12,435,000	
Term 1:	$4,590,000.00	
Interest Rate:	2.631%	
Maturity Date:	5/1/2025	
Term 2:	$3,855,000.00	
Interest Rate:	3.750%	
Maturity Date:	5/1/2031	
Term 3:	$3,990,000.00	
Interest Rate:	4.000%	
Maturity Date:	5/1/2036	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$449,800	
Reserve Fund Balance	544,426	
Bonds Outstanding at - 9/30/22	$9,490,000	
Less: Principal Payment - 05/01/23	($530,000)	
Less: Principal Payment - 05/01/24	($550,000)	
Less: Principal Payment - 05/01/25	($565,000)	
Current Bonds Outstanding	$7,845,000	

Special Assessment Refunding Bonds, Series 2017	

Original Issue Amount: 08/31/2017	
$9,755,000	
Term 1:	$1,085,000.00	
Interest Rate:	3.500%	
Maturity Date:	5/1/2021	
Term 2:	$2,120,000.00	
Interest Rate:	4.000%	
Maturity Date:	5/1/2027	
Term 3:	$6,550,000.00	
Interest Rate:	5.000%	
Maturity Date:	5/1/2039	
Reserve Fund Definition	125% of Maximum Annual Debt Service	
Reserve Fund Requirement	$125,000	
Reserve Fund Balance	150,418	
Bonds Outstanding at - 9/30/22	$8,350,000	
Less: Principal Payment - 05/01/23	($330,000)	
Less: Principal Payment - 05/01/24	($345,000)	
Less: Principal Payment - 05/01/25	($360,000)	
Current Bonds Outstanding	$7,315,000	

Senior Special Assessment Bonds, Series 2018 A-1	

Interest Rate:	
3.0%, 3.5%, 4.0%, 4.2%	
Maturity Date:	11/1/2048	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$276,720	
Reserve Fund Balance	330,094	
Bonds Outstanding - 05/31/2018	$9,455,000	
Less: Principal Payment -11/1/19	($180,000)	
Less: Principal Payment - 11/1/20	($185,000)	
Less: Principal Payment - 11/1/21	($190,000)	
Less: Principal Payment - 11/1/22	($195,000)	
Less: Principal Payment -11/1/23	($205,000)	
Less: Principal Payment -11/1/24	($210,000)	
Current Bonds Outstanding	$8,290,000	

Palm Glades
Community Development District Long Term Debt Report	
Subordinate Special Assessment Bonds, Series 2018 A-2	

Interest Rate:	
3.725%, 4.500%, 5.000%, 5.125%	
Maturity Date:	11/1/2048	
Reserve Fund Definition	25% of Maximum Annual Debt Service	
Reserve Fund Requirement	$32,167	
Reserve Fund Balance	38,372	
Bonds Outstanding - 05/31/2018	$1,935,000	
Less: Principal Payment -11/1/19	($30,000)	
Less: Principal Payment - 11/1/20	($30,000)	
Less: Principal Payment - 11/1/21	($35,000)	
Less: Principal Payment - 11/1/22	($35,000)	
Less: Principal Payment -11/1/23	($35,000)	
Less: Principal Payment -11/1/24	($40,000)	
Current Bonds Outstanding	$1,730,000	

	

	

Special Assessment Bonds, Series 2020	

Interest Rate:	
3.250%, 4.000%	
Maturity Date:	5/1/2050	
Reserve Fund Definition	50% of Maximum Annual Debt Service	
Reserve Fund Requirement	$25,500	
Reserve Fund Balance	29,276	
Bonds Outstanding - 04/29/2020	$845,000	
Less: Principal Payment - 05/1/21	($15,000)	
Less: Principal Payment - 05/1/22	($15,000)	
Less: Principal Payment - 05/1/23	($15,000)	
Less: Principal Payment - 05/1/24	($15,000)	
Less: Principal Payment - 05/1/25	($20,000)	
Current Bonds Outstanding	$765,000	

Series 2020, Special Assessment Revenue Refunding Bonds	

Interest Rate:	
2.200%, 2.700%, 3.125%, 4.000%	
Maturity Date:	12/15/2051	
Reserve Fund Definition	10% of Maximum Annual Debt Service	
Reserve Fund Requirement	$3,077	
Reserve Fund Balance	3,444	
Bonds Outstanding - 10/25/2021	$550,000	
Less: Principal Payment -12/15/22	($12,000)	
Less: Principal Payment -12/15/23	($12,000)	
Less: Principal Payment -12/15/24	($12,000)	
Current Bonds Outstanding	$514,000	

PALM GLADES	
COMMUNITY DEVELOPMENT DISTRICT	
Special Assessment Receipts - Miami Dade County	
Fiscal Year 2025	

							

							

							

							

							

							

ASSESSED THROUGH MIAMI-DADE COUNTY

PHASE I				
TOTAL ASSESSMENT LEVY GROSS	General Fund	S2016	S2018	Total	
					$977,682.75
35.30%	$459,543.15
16.59%	$946,946.02
34.19%	$385,715.55
13.93%	$2,769,887.47
100.00%	
DATE	DESCRIPTION	GROSS AMOUNT	DISCOUNTS/
(PENALTIES)	COMMISSIONS	INTEREST	NET RECEIPTS		Adm&Field	Clubhouse	2016A DSF
Portion	Club Debt	Total	

													
11/20/24	11/01/24 - 11/01/24	$100,907.36	$4,036.33	$968.71	$0.00	$95,902.32		$33,850.49	$15,910.85	$32,786.29	$13,354.70	$95,902.32	
11/23/24	11/12/24 - 11/18/24	$77,230.66	$3,089.26	$741.41	$0.00	$73,399.99		$25,907.88	$12,177.56	$25,093.38	$10,221.18	$73,399.99	
11/28/24	11/01/24 - 11/18/24	$20,098.12	$912.93	$191.85	$0.00	$18,993.34		$6,704.05	$3,151.12	$6,493.28	$2,644.88	$18,993.34	
12/04/24	11/19/24 - 11/30/24	$2,283,201.99	$91,329.03	$21,918.73	$0.00	$2,169,954.23		$765,925.27	$360,010.15	$741,845.85	$302,172.96	$2,169,954.23	
12/18/24	12/01/24 - 12/13/24	$41,528.02	$1,453.48	$400.74	$0.00	$39,673.80		$14,003.60	$6,582.15	$13,563.35	$5,524.70	$39,673.80	
01/10/25	12/14/24 - 12/31/24	$44,315.65	$1,329.45	$429.87	$0.00	$42,556.33		$15,021.04	$7,060.38	$14,548.80	$5,926.10	$42,556.33	
01/10/25	12/14/24 - 12/31/24	$10,035.70	$279.25	$97.57	$0.00	$9,658.88		$3,409.28	$1,602.47	$3,302.10	$1,345.03	$9,658.88	
02/05/25	Interest	$0.00	$0.00	$0.00	$1,107.75	$1,107.75		$391.00	$183.78	$378.71	$154.26	$1,107.75	
02/07/25	01/01/25 - 01/31/25	$53,553.96	$1,071.09	$524.83	$0.00	$51,958.04		$18,339.55	$8,620.19	$17,762.98	$7,235.32	$51,958.04	
03/05/25	02/01/25 - 02/28/25	$11,775.82	$117.76	$116.58	$0.00	$11,541.48		$4,073.78	$1,914.81	$3,945.70	$1,607.19	$11,541.48	
03/21/25	Interest	$0.00	$0.00	$0.00	$1,793.60	$1,793.60		$1,793.60	$0.00	$0.00	$0.00	$1,793.60	
04/04/25	03/01/25 - 03/31/25	$51,524.10	$145.64	$513.77	$0.00	$50,864.69		$17,953.63	$8,438.80	$17,389.20	$7,083.07	$50,864.69	
04/04/25	03/01/25 - 03/31/25	$11,573.82	$0.00	$115.75	$0.00	$11,458.07		$4,044.34	$1,900.97	$3,917.19	$1,595.57	$11,458.07	
05/07/25	04/01/25 - 04/30/25	$8,988.19	($269.64)	$92.57	$0.00	$9,165.26		$3,235.05	$1,520.58	$3,133.34	$1,276.29	$9,165.26	
05/17/25	Interest	$0.00	$0.00	$0.00	$316.38	$316.38		$111.67	$52.49	$108.16	$44.06	$316.38	
06/07/25	05/01/25 - 05/31/25	$15,594.22	($467.44)	$160.62	$0.00	$15,901.04		$5,612.56	$2,638.09	$5,436.11	$2,214.27	$15,901.04	
06/21/25	06/01/25 - 06/17/25	$39,559.86	($1,780.19)	$413.40	$0.00	$40,926.65		$14,445.81	$6,790.01	$13,991.66	$5,699.16	$40,926.65	
08/01/25	Interest	$0.00	$0.00	$0.00	$245.66	$245.66		$245.66	$0.00	$0.00	$0.00	$245.66	
	TOTAL	$2,769,887.47	$101,246.95	$26,686.40	$3,463.39	$2,645,417.51		$935,068.25	$438,554.41	$903,696.10	$368,098.74	$2,645,417.51	

100%	Percent Collected	
$	-	Balance Remaining to Collect	

PALM GLADES	
COMMUNITY DEVELOPMENT DISTRICT	
Special Assessment Receipts - Miami Dade County	
Fiscal Year 2025	

							

							

							

							

							

							

							

ASSESSED THROUGH MIAMI-DADE COUNTY

PHASE II	TOTAL ASSESSMENT LEVY GROSS	General Fund	S2017	S2018	S2020	S2021	Total	
	$887,756.85	$396,140.94	$765,529.31	$332,499.18	$53,684.21	$32,388.36	$2,467,998.85	
	35.97%	16.05%	31.02%	13.47%	2.18%	1.31%	100.00%	

DATE	
DESCRIPTION	
GROSS AMOUNT	DISCOUNTS/ (PENALTIES)	
COMMISSIONS	
INTEREST	
NET RECEIPTS		
Adm&Field	
Clubhouse	2017 DSF
Portion	
Club Debt	Expansion Area	2021 DSF
Portion	
Total	

11/20/24	
11/01/24 - 11/01/24	
$72,413.46	
$2,896.52	
$695.17	
$0.00	
$68,821.77		
$24,755.68	
$11,046.65	
$21,347.29	
$9,271.96	
$1,497.02	
$903.17	
$68,821.77	
11/23/24	11/12/24 - 11/18/24	$67,014.81	$2,680.58	$643.34	$0.00	$63,690.89		$22,910.07	$10,223.09	$19,755.78	$8,580.70	$1,385.41	$835.84	$63,690.89	
11/28/24	11/01/24 - 11/18/24	$9,801.77	$408.19	$93.94	$0.00	$9,299.64		$3,345.15	$1,492.69	$2,884.58	$1,252.89	$202.29	$122.04	$9,299.64	
12/04/24	11/19/24 - 11/30/24	$2,078,525.18	$83,140.59	$19,953.84	$0.00	$1,975,430.75		$710,576.58	$317,078.35	$612,743.45	$266,138.33	$42,969.81	$25,924.23	$1,975,430.75	
12/18/24	12/01/24 - 12/13/24	$32,148.14	$1,171.00	$309.78	$0.00	$30,667.36		$11,031.27	$4,922.45	$9,512.47	$4,131.64	$667.08	$402.46	$30,667.36	
01/10/25	12/14/24 - 12/31/24	$37,817.67	$1,134.55	$366.83	$0.00	$36,316.29		$13,063.23	$5,829.16	$11,264.67	$4,892.68	$789.96	$476.59	$36,316.29	
01/10/25	12/14/24 - 12/31/24	$5,387.41	$161.61	$52.25	$0.00	$5,173.55		$1,860.96	$830.41	$1,604.74	$697.00	$112.54	$67.89	$5,173.55	
02/05/25	Interest	$0.00	$0.00	$0.00	$968.09	$968.09		$348.23	$155.39	$300.28	$130.43	$21.06	$12.70	$968.09	
02/07/25	01/01/25 - 01/31/25	$40,999.69	$819.99	$401.80	$0.00	$39,777.90		$14,308.40	$6,384.79	$12,338.40	$5,359.05	$865.25	$522.02	$39,777.90	
03/05/25	02/01/25 - 02/28/25	$28,966.12	$319.55	$286.47	$0.00	$28,360.10		$10,201.33	$4,552.11	$8,796.80	$3,820.79	$616.89	$372.18	$28,360.10	
03/21/25	Interest	$0.00	$0.00	$0.00	$1,624.26	$1,624.26		$1,624.26	$0.00	$0.00	$0.00	$0.00	$0.00	$1,624.26	
04/04/25	03/01/25 - 03/31/25	$54,941.38	($28.74)	$549.70	$0.00	$54,420.42		$19,575.41	$8,735.08	$16,880.25	$7,331.75	$1,183.76	$714.18	$54,420.42	
04/04/25	03/01/25 - 03/31/25	$4,619.39	$0.00	$46.19	$0.00	$4,573.20		$1,645.01	$734.05	$1,418.53	$616.12	$99.48	$60.02	$4,573.20	
05/07/25	04/01/25 - 04/30/25	$5,978.04	($179.34)	$61.58	$0.00	$6,095.80		$2,192.70	$978.44	$1,890.81	$821.25	$132.60	$80.00	$6,095.80	
05/17/25	Interest	$0.00	$0.00	$0.00	$291.89	$291.89		$104.99	$46.85	$90.54	$39.32	$6.35	$3.83	$291.89	
06/07/25	05/01/25 - 05/31/25	$6,746.08	($179.34)	$69.25	$0.00	$6,856.17		$2,466.21	$1,100.49	$2,126.66	$923.69	$149.14	$89.98	$6,856.17	
06/21/25	06/01/25 - 06/17/25	$22,639.71	($1,018.81)	$236.59	$0.00	$23,421.93		$8,425.04	$3,759.48	$7,265.07	$3,155.50	$509.48	$307.37	$23,421.93	
08/01/25	Interest	$0.00	$0.00	$0.00	$141.40	$141.40		$141.40	$0.00	$0.00	$0.00	$0.00	$0.00	$141.40	
	TOTAL	$2,467,998.85	$91,326.35	$23,766.73	$3,025.64	$2,355,931.41		$848,575.93		$377,869.48	$730,220.31		$317,163.11		$51,208.10		$30,894.49	$2,355,931.41	

100%	Percent Collected	
$	-	Balance Remaining to Collect	

Palm Glades	
COMMUNITY DEVELOPMENT DISTRICT	

Fiscal Year 2025	
Check Register	

09/01/25 - 09/30/25

Date

check #'s

Amount

09/01/25 - 09/30/25	4862-4898	$214,439.52	

TOTAL	$	214,439.52	

Voided Checks**	
4842