Palace at Coral Gables CDD
June 2026 Financial Package

June 30, 2026

PFM Management Services LLC
3501 Quadrangle Blvd
Suite 270
Orlando, FL 32817
(407) 723-5900

	Palace at Coral Gables	
	Statement of Financial Position	
	As of 6/30/2026	
	
General Fund	
Debt Service Fund	
Capital Projects Fund	
Long-Term Debt Group	
Total	
	
Assets	
Current Assets		
General Checking Account	$11,895.58				$11,895.58	
Accounts Receivable - Due from Developer	5,017.66				5,017.66	
Debt Service Reserve Bond		$631,687.50			631,687.50	
Revenue Bond		3,884.58			3,884.58	
Parking Revenue Bond	
	0.03	
	
	0.03	
Total Current Assets	$16,913.24	
$635,572.11	$0.00	$0.00	
$652,485.35	

Investments		
Amount Available in Debt Service Funds				$635,572.11	$635,572.11	
Amount To Be Provided	

	6,034,427.89	6,034,427.89	
Total Investments	$0.00	$0.00	$0.00	
$6,670,000.00	
$6,670,000.00	
Total Assets	
$16,913.24	
$635,572.11	
$0.00	
$6,670,000.00	
$7,322,485.35	

Liabilities and Net Assets	
Current Liabilities		
Accounts Payable	$5,017.66				$5,017.66	
Deferred Revenue	5,017.66	

	5,017.66	
Total Current Liabilities	
$10,035.32	$0.00	$0.00	$0.00	
$10,035.32	

Long Term Liabilities		
Revenue Bonds Payable LongTerm	

	$6,670,000.00	$6,670,000.00	
Total Long Term Liabilities	$0.00	$0.00	$0.00	
$6,670,000.00	
$6,670,000.00	
Total Liabilities	
$10,035.32	
$0.00	
$0.00	
$6,670,000.00	
$6,680,035.32	

Net Assets	    	
Net Assets - General Government	$5,386.38				$5,386.38	
Current Year Net Assets - General Government	1,491.54				1,491.54	
Net Assets, Unrestricted		$646,236.45			646,236.45	
Current Year Net Assets, Unrestricted		(10,664.34)			(10,664.34)	
Net Assets, Unrestricted			$1,223,456.96		1,223,456.96	
Net Assets - General Government	
	
	(1,223,456.96)	
	(1,223,456.96)	
Total Net Assets	$6,877.92	$635,572.11	
$0.00	$0.00	
$642,450.03	

    	
Total Liabilities and Net Assets	$16,913.24	$635,572.11	$0.00	$6,670,000.00	$7,322,485.35	

Statement of Activities As of 6/30/2026

General Fund

Debt Service Fund

Capital Projects Fund

Long-Term Debt Group

Total

Revenues

$51,957.98		$51,957.98	
		$610,242.64			610,242.64	
$51,957.98		$610,242.64	$0.00	$0.00	$662,200.62	

$3,501.00		
$3,501.00	
3,577.97		3,577.97	
28,125.00		28,125.00	
1,000.00		1,000.00	
5,252.50		5,252.50	
5,300.00		5,300.00	
11.41		11.41	
14.77		14.77	
2,005.33		2,005.33	
60.00		60.00	
1,725.00		1,725.00	
175.00		175.00	
		$260,000.00			260,000.00	
		376,562.50			376,562.50	
$50,747.98		$636,562.50	$0.00	$0.00	$687,310.48	

$281.54		
$281.54	
		$15,655.52			15,655.52	
$281.54		$15,655.52	$0.00	$0.00	$15,937.06	
$1,491.54		($10,664.34)	$0.00	$0.00	($9,172.80)	
$5,386.38		$646,236.45	$0.00	$0.00	$651,622.83	

$6,877.92		

$635,572.11	

$0.00	

$0.00	

$642,450.03	

Developer Contributions Off-Roll Assessments
Total Revenues

Expenses

D & O Insurance Trustee Services Management Disclosure District Counsel Audit
Tax Preparation Postage & Shipping Legal Advertising Miscellaneous
Web Site Maintenance Dues, Licenses, and Fees Principal Payments Interest Payments
Total Expenses

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

Change In Net Assets

Net Assets At Beginning Of Year

Net Assets At End Of Year

Budget to Actual
For The Month Ending 6/30/2026

Year To Date

Actual		Budget		Variance		Adopted Budget	

$	

51,957.98		

$	

55,810.53		

$	

(3,852.55)		

$ 74,414.00	
$	51,957.98		$	55,810.53		$	(3,852.55)		$ 74,414.00	

$	
3,501.00		
$	
2,725.47		
$	
775.53		
$	3,634.00	
	3,577.97			3,750.03			(172.06)		5,000.00	
	28,125.00			28,125.00			-		37,500.00	
	-			74.97			(74.97)		100.00	
	1,000.00			749.97			250.03		1,000.00	
	5,252.50			11,250.00			(5,997.50)		15,000.00	
	-			187.47			(187.47)		250.00	
	5,300.00			4,147.47			1,152.53		5,530.00	
	-			375.03			(375.03)		500.00	
	11.41			11.25			0.16		15.00	
	-			375.03			(375.03)		500.00	
	14.77			112.50			(97.73)		150.00	
	-			26.28			(26.28)		35.00	
	2,005.33			1,500.03			505.30		2,000.00	
	60.00			187.47			(127.47)		250.00	
	-			37.53			(37.53)		50.00	
	1,725.00			2,025.00			(300.00)		2,700.00	
	175.00			150.03			24.97		200.00	
$	50,747.98		$	55,810.53		$	(5,062.55)		$ 74,414.00	
 $		50,747.98		 $		55,810.53		 $		(5,062.55)		  $	-	
$	1,210.00		$	-		$	1,210.00		$	-	

$	
281.54		
$	
-		
$	281.54		
$	-	
$	281.54		$	-		$	281.54		$	-	
$	1,491.54		$	-		$	1,491.54		$	-	

FY 2026

Percentage

Revenues
Developer Contributions
Net Revenues
General & Administrative Expenses
D & O Insurance Trustee Services Management Engineering Disclosure District Counsel
Reamortization Schedule Audit
Arbitrage Calculation Tax Preparation Travel and Per Diem Postage & Shipping Copies
Legal Advertising Miscellaneous Office Supplies
Web Site Maintenance Dues, Licenses, and Fees
Total General & Administrative Expenses

Total Expenses

Income (Loss) from Operations

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

Net Income (Loss)

69.82%

69.82%

96.34%
71.56%
75.00%
0.00%
100.00%
35.02%
0.00%
95.84%
0.00%
76.07%
0.00%
9.85%
0.00%
100.27%
24.00%
0.00%
63.89%
87.50%

68.20%