Palm Glades	
Community Development District	

Unaudited Financial Reporting	
August 31, 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	
August 31, 2025	

Assets:	
Cash:	
Operating Account	
Capital Reserve	

	
$	3,763	
-	

	
$	-	
-	

	
$	-	
6,275	

	
$	-	
-	

	
$	3,763	
6,275	

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	

965,626	-	473,389	-	1,439,014

-	
-	
-	
-	

542,505	
644,016	
20	
70	

-	
-	
-	
-	

-	
-	
-	
-	

542,505	
644,016	
20	
70	

-	
-	
-	
-	

149,888	
273,243	
24	
44	

-	
-	
-	
-	

-	
-	
-	
-	

149,888	
273,243	
24	
44	

-	
-	
-	
-	

328,929	
21	
626,096	
6	

-	
-	
-	
-	

-	
-	
-	
-	

-	
-	
-	

328,929	
21	
626,096	
6	
-	
38,236	
6	
158	
5	
2,880	

38,236	
6	
158	
5	
-	

-	
-	
-	
-	
-	

-	
-	
-	
-	
2,880	

-

-	
-	
-	
-	

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	

4,000	
6,874	

-	
-	

-	
-	

-	
-	

4,000	
6,874	

Total Assets	$	980,262	$ 2,698,461	$	479,664	$	2,970	$	4,161,357	

Liabilities:	
Accounts Payable	
Retainage Payable - Landscape	

	
$	-	
4,757.47	

	
$	-	
-	

	
$	-	
-	

	
$	-	
-	

	
$	-	
4,757	

Total Liabilites	$	4,757	$	-	$	-	$	-	$	4,757	

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

$	6,874	$	-	$	-	$	-	$

2,698,461	
-	

-	
-	

-	
2,970	

-
-

6,874

2,698,461	
2,970	

Palm Glades	
Community Development District	
Combined Balance Sheet	
August 31, 2025	

-	
964,631	

	
-	
-	

	
479,664	
-	

	
-	
-	

	
479,664	
964,631	

Total Fund Balances	$	975,505	$ 2,698,461	$	479,664	$	2,970	$	4,156,599	

Total Liabilities & Fund Balance	$	980,262	$  2,698,461	$	479,664	$	2,970	$	4,161,357	

Palm Glades	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending August 31, 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	
36,667	
-	
9,167	
-	
-	
-	
-	
-	

	
$  2,600,068	
48,550	
1,085	
17,010	
15,180	
8,166	
2,481	
4,845	
832	

	
$	15,007	
11,884	
1,085	
7,843	
15,180	
8,166	
2,481	
4,845	
832	

Total Revenues	$  2,635,061	$ 2,630,894	$2,698,217	$	67,323	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	11,000	$	8,800	$	2,200	
PR-FICA	918	842	673	168	
Engineering	10,000	9,167	6,000	3,167	
Attorney	45,000	41,250	36,829	4,421	
Annual Audit	7,300	4,800	4,800	-	
Assessment Administration	2,000	2,000	2,000	-	
Arbitrage Rebate	2,400	1,200	1,200	-	
Dissemination Agent	2,750	2,521	2,521	(0)	
Trustee Fees	24,000	24,000	24,000	-	
Management Fees	51,576	47,278	47,278	(0)	
Website Maintenance	3,300	3,025	3,025	-	
Telephone	100	92	-	92	
Postage & Delivery	1,000	917	742	174	
Insurance General Liability	10,800	9,804	9,804	-	
Printing & Binding	2,900	2,658	952	1,706	
Rentals & Leases	2,640	2,420	2,400	20	
Legal Advertising	2,600	2,383	3,658	(1,275)	
Other Current Charges	1,050	963	243	719	
Office Supplies	260	238	50	188	
Dues, Licenses & Subscriptions	175	175	175	-	
Capital Outlay	250	229	-	229	
Total General & Administrative	$	183,019	$	166,961	$	155,151	$	11,810	

Palm Glades	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending August 31, 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	

$	183,732	
72,930	
65,050	
34,045	
40,214	
13,750	
45,833	
21,945	
27,500	
36,667	
16,042	
26,583	
3,850	
12,375	
3,300	
20,167	
18,600	
21,265	
606,034	
35,000	
45,833	
55,000	
157,325	

$	159,075	
65,637	
68,021	
34,045	
36,298	
14,100	
39,059	
19,000	
42,956	
33,866	
17,259	
7,840	
-	
8,635	
-	
3,900	
20,650	
21,265	
491,459	
44,865	
4,500	
35,264	
157,325	

$	24,657	
7,293	
(2,971)	
-	
3,916	
(350)	
6,775	
2,945	
(15,456)	
2,800	
(1,218)	
18,743	
3,850	
3,740	
3,300	
16,267	
(2,050)	
(0)	
114,575	
(9,865)	
41,333	
19,736	
-	

Subtotal Field Expenditures	$  1,681,906	$ 1,563,040	$ 1,325,019	$	238,021	

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	

$	4,583	
6,417	
9,167	
4,583	
2,292	
5,821	
3,208	
46,750	
7,333	
10,083	
12,000	
63,111	
12,540	
4,583	
64,167	
4,767	
27,995	
26,176	
219,227	
8,250	
13,750	
8,433	

$	6,850	
5,253	
5,301	
4,560	
2,288	
3,882	
625	
43,186	
7,225	
-	
11,395	
63,111	
12,540	
-	
63,100	
2,003	
21,560	
32,720	
209,687	
-	
26,996	
5,915	

$	(2,267)	
1,163	
3,866	
24	
4	
1,939	
2,583	
3,564	
108	
10,083	
605	
-	
-	
4,583	
1,067	
2,764	
6,435	
(6,544)	
9,540	
8,250	
(13,246)	
2,518	

Palm Glades	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending August 31, 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	

	
$	-	
41,250	
29,792	
2,200	
458	
45,833	
45,833	
70,166	
642	
5,958	
7,333	
3,667	
29,012	

	
$	480	
43,940	
27,909	
-	
669	
11,614	
68,163	
91,099	
845	
-	
5,837	
-	
103,141	

	
(480)	
(2,690)	
1,883	
2,200	
(211)	
34,219	
(22,330)	
(20,933)	
(203)	
5,958	
4,121	
3,667	
(74,129)	

Subtotal Clubhouse Expenditures	$	921,717	$	847,381	$	881,894	$	(31,888)	

Total Operations & Maintenance	$  2,603,623	$ 2,410,421	$ 2,206,913	$	206,133	

Total Expenditures	$  2,786,642	$ 2,577,382	$ 2,362,064	$	217,943	

Excess (Deficiency) of Revenues over Expenditures	$	(151,581)	$	53,513	$	336,153	$	285,266	

Net Change in Fund Balance	$	(151,581)	$	53,513	$	336,153	$	285,266	
	
Fund Balance - Beginning	$	151,581		$	639,351		
	
Fund Balance - Ending	$	-		$	975,505		

Palm Glades	
Community Development District	
Capital Reserve Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending August 31, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 08/31/25	Thru 08/31/25	Variance	

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

$	157,325	
2,292	

$	157,325	
17,177	

$	-	
14,885	

Total Revenues	$	277,500	$	159,617	$	174,502	$	14,885	
Expenditures:		
Bank Charges	500	458	$	566	(107)	
Total Expenditures	$	500	$	458	$	566	$	(107)	

Excess (Deficiency) of Revenues over Expenditures	$	277,000	$	173,936	

Net Change in Fund Balance	$	277,000	$	-	$	173,936	$	(107)	
				
Fund Balance - Beginning	$	302,213		$	305,728	
				
Fund Balance - Ending	$	579,213		$	479,664	

Palm Glades	
Community Development District	
Debt Service Fund Series 2016	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending August 31, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 08/31/25	Thru 08/31/25	Variance	

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

$	899,599	
9,167	

$  903,696	
54,652	

$	4,097	
45,485	

Total Revenues	$  909,599	$	908,765	$  958,348	$	49,583	
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	$	22,653	$	72,235	$	49,583	

Net Change in Fund Balance	$	23,486	$	22,653	$	72,235	$	49,583	
		
Fund Balance - Beginning	$  587,791	$ 1,114,375	
		
Fund Balance - Ending	$  611,277	$ 1,186,610	

Palm Glades	
Community Development District	
Debt Service Fund Series 2017	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending August 31, 2025	

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

	
$	727,253	
9,167	

	
$  730,220	
22,567	

	
$	2,967	
13,400	

Total Revenues	$  737,253	$	736,420	$  752,787	$	16,367	
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	$	3,920	$	20,287	$	16,367	

Net Change in Fund Balance	$	4,753	$	3,920	$	20,287	$	16,367	
		
Fund Balance - Beginning	$  283,648	$  402,912	
		
Fund Balance - Ending	$  288,401	$  423,199	

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 August 31, 2025	

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

	
$	682,304	
18,333	

	
$  685,262	
38,089	

	
$	2,958	
19,756	

Total Revenues	$  702,304	$	700,637	$  723,351	$	22,714	
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	$	23,829	$	46,542	$	22,714	

Net Change in Fund Balance	$	25,495	$	23,829	$	46,542	$	22,714	
		
Fund Balance - Beginning	$  591,226	$  946,915	
		
Fund Balance - Ending	$  616,722	$  993,457	

Palm Glades	
Community Development District	
Debt Service Fund Series 2020	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending August 31, 2025	

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

	
$	51,000	
917	

	
$	51,208	
2,847	

	
$	208	
1,930	

Total Revenues	$	52,000	$	51,917	$	54,055	$	2,138	

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	$	517	$	2,655	$	2,138	

Net Change in Fund Balance	$	600	$	517	$	2,655	$	2,138	
		
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 August 31, 2025	

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

	
$	30,769	
458	

	
$	30,894	
1,354	

	
$	125	
896	

Total Revenues	$	31,269	$	31,227	$	32,248	$	1,021	

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	$	1,423	$	2,444	$	1,021	

Net Change in Fund Balance	$	1,465	$	1,423	$	2,444	$	1,021	
		
Fund Balance - Beginning	$	26,820	$	29,426	
		
Fund Balance - Ending	$	28,285	$	31,870	

Revenues		
Interest Income	$	-	

$	-	$

113	$

113

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 August 31, 2025	

Total Revenues	$	-	$	-	$	113	$	113	
Expenditures:		
Capital Outlay	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	113	$	113	

Net Change in Fund Balance	$	-	$	113	
		
Fund Balance - Beginning	$	-	$	2,767	
		
Fund Balance - Ending	$	-	$	2,880	

Palm Glades	
Community Development District	
Capital Projects Fund Series 2021	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending August 31, 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	-	48,550	
Guess Passes	110	-	-	-	-	40	80	325	160	90	280	-	1,085	
Party Rental Fees	920	2,190	-	2,905	3,075	1,740	1,240	-	1,665	1,265	2,010	-	17,010	
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	-	2,481	
Landscape Replacement Damage	-	2,842	1,156	-	847	-	-	-	-	-	-	-	4,845	
Resident Events	-	241	-	-	-	-	-	-	178	203	210	-	832	

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	$	-	$  2,698,217	
Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	1,000	$	800	$	1,000	$	800	$	1,000	$	1,000	$	1,000	$	600	$	800	$	800	$	-	$	8,800	
PR-FICA	-	77	61	77	61	77	77	77	46	61	61	-	673	
Engineering	-	-	-	-	-	-	-	2,500	-	-	3,500	-	6,000	
Attorney	500	1,815	3,190	2,613	7,572	3,055	5,482	4,140	3,433	5,030	-	-	36,829	
Annual Audit	-	-	-	-	1,500	3,300	-	-	-	-	-	-	4,800	
Assessment Administration	2,000	-	-	-	-	-	-	-	-	-	-	-	2,000	
Arbitrage Rebate	-	-	-	-	-	-	-	-	-	1,200	-	-	1,200	
Dissemination Agent	229	229	229	229	229	229	229	229	229	229	229	-	2,521	
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	-	47,278	
Website Maintenance	275	275	275	275	275	275	275	275	275	275	275	-	3,025	
Telephone		-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	50	48	74	163	42	30	115	69	76	35	39	-	742	
Insurance General Liability	9,804	-	-	-	-	-	-	-	-	-	-	-	9,804	
Printing & Binding	87	0	106	78	76	80	97	121	60	146	102	-	952	
Rentals & Leases	220	220	220	220	220	220	220	220	200	220	220	-	2,400	
Legal Advertising		-	-	-	-	-	-	1,023	-	2,635	-	-	3,658	
Other Current Charges		-	-	-	-	-	7	69	32	47	89	-	243	
Office Supplies	5	5	-	5	5	5	5	5	5	5	5	-	50	
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	$	9,619	$	-	$	155,151	

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	$	-	$	-	$	159,075	
Porter Service	7,956	5,967	5,967	5,967	7,956	5,967	5,967	7,956	5,967	5,967	-	-	65,637	
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	-	-	36,298	
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	-	39,059	
Irrigation System	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	1,900	-	-	19,000	
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	-	33,866	
Refuse	1,516	1,464	1,516	1,643	1,516	1,577	1,577	1,577	1,721	1,577	1,577	-	17,259	
Entrance Maintenance & Repairs	-	-	-	-	2,450	-	-	-	5,390	-	-	-	7,840	
Janitorial Supplies	-	-	-	-	-	-	-	-	-	-	-	-	-	
Lake Maintenance	785	785	785	785	785	785	785	785	785	785	785	-	8,635	
Lake Debris Removal	-	-	-	-	-	-	-	-	-	-	-	-	-	
Cleaning of Drainage System	3,900	-	-	-	-	-	-	-	-	-	-	-	3,900	
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	-	21,265	
Security Services	42,483	42,685	65,796	42,630	42,717	42,448	42,511	41,921	42,962	43,024	42,281	-	491,459	
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	$  84,428	$  62,305	$	-	$  1,325,019	

Palm Glades	
Community Development District	
Month to Month	

Clubhouse Expenditures														
Access Control (cards, systems, cameras maint	$	-	$	931	$	-	$	-	$	-	$	-	$	1,775	$	300	$	2,244	$	925	$	675	$	-	$	6,850	
Air Conditioning Maintenance	-	-	2,285	-	-	1,105	-	505	1,055	-	303	-	5,253	
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	-	4,560	
IT Services	208	208	208	208	208	208	208	208	208	208	208	-	2,288	
Circuit Training Equipment Maintenance	-	1,254	-	-	1,077	470	-	684	187	-	210	-	3,882	
Sauna Equipment Maintenance	-	-	-	375	-	-	-	-	250	-	-	-	625	
Electricity	4,187	4,044	4,005	3,821	4,425	3,619	3,521	3,637	3,735	3,870	4,323	-	43,186	
Fire Alarm & Building Alarm Monitoring	5,795	100	-	-	170	400	-	-	300	360	100	-	7,225	
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	-	63,100	
Janitorial Supplies	-	-	-	-	125	-	250	585	260	260	523	-	2,003	
Landscape Maintenance	1,960	1,960	1,960	1,960	1,960	1,960	1,960	1,960	1,960	1,960	1,960	-	21,560	
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	7,979	-	209,687	
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	-	26,996	
Pest Control - Exterior	250	250	250	250	250	3,775	370	250	90	90	90	-	5,915	
Pest Control - Interior	-	-	-	-	-	-	-	-	160	160	160	-	480	
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	-	43,940	
Pool, Spa and Waterpark Repairs	590	175	1,275	1,027	743	3,530	2,822	9,379	5,484	280	2,605	-	27,909	
Printing & Postage	-	-	-	-	-	-	-	-	-	-	-	-	-	
Property Taxes	-	669	-	-	-	-	-	-	-	-	-	-	669	
Repairs/Maintenance & Supplies (General)	447	702	101	74	491	583	823	4,695	2,485	1,086	126	-	11,614	
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	-	68,163	
Security	7,343	7,607	12,879	8,279	7,364	7,670	7,712	7,891	7,754	12,470	4,130	-	91,099	
Telephone	73	80	80	75	75	75	80	80	75	75	80	-	845	
Trash Collection/Recycling	-	-	-	-	-	-	-	-	-	-	-	-	-	
Water & Sewer	-	1,480	-	-	2,314	-	-	2,044	-	-	-	-	5,837	
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	625	-	103,141	

Subtotal Clubhouse Expenditures	$ 137,589	$  96,660	$  101,163	$  73,222	$  65,515	$  66,136	$  74,863	$  79,917	$  87,931	$  59,804	$  39,095	$	-	$	881,894	

Total Operations & Maintenance	$ 268,015	$ 220,570	$  262,710	$ 334,815	$ 166,755	$ 194,085	$ 158,968	$ 172,634	$ 182,729	$ 144,232	$ 101,400	$	-	$  2,206,913	

Total Expenditures	$ 293,158	$ 228,537	$  271,964	$ 343,772	$ 181,833	$ 206,654	$ 179,272	$ 194,660	$ 191,983	$ 159,214	$ 111,019	$	-	$  2,362,064	

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)	$ (153,104)	$ (102,662)	$	-	$	336,153	

Net Change in Fund Balance	$ (285,693)	$ (62,141)	$ 1,935,364	$ (278,988)	$ (120,596)	$ (171,829)	$ (107,081)	$ (177,334)	$ (139,785)	$ (153,104)	$ (102,662)	$	-	$	336,153	

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	542,505	
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	149,888	
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	328,929	
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	38,236	
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	

08/01/25 - 08/31/25

Date

check #'s

Amount

08/01/25 - 08/31/25	4816-4861	$214,439.52	

TOTAL	$	214,439.52