Griffin Lakes	
Community Development District	

Unaudited Financial Reporting	
June 30, 2025	

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2020	

5-6	
	Month to Month	

7	
	Long Term Debt Report	

8	
	Assessment Receipt Schedule	

Griffin Lakes	
Community Development District	
Combined Balance Sheet	
June 30, 2025		
General	Debt Service	Totals	
Fund	Fund	Governmental Funds	
Assets:

$	5,024	
-	

$	-	
673	

$	5,024	
673	

Cash:
Operating Account Due from General Fund

Investments:	
State Board of Administration (SBA)	
Bank Unites (Money Market)	

129,724	
256,599	

-	
-	

129,724	
256,599	

Series 2020	
Reserve	
Revenue	

-	
-	

26,754	
56,180	

-	
26,754	
56,180	

Total Assets	$	391,346	$	83,607	$	474,953	
Liabilities:	
Accounts Payable	$	27,500	$	-		$	27,500	
Due to Debt Service	673		-	673	

Total Liabilites

$

28,173

$

-

$

28,173

Fund Balance:	
Restricted for:	
Debt Service	
Assigned for:	
General Fund Reserves	
Unassigned	

$	-	$

83,607	$

83,607

65,000	
298,173	

	
-	
-	

	
65,000	
298,173	

Total Fund Balances	$	363,173	$	83,607	$	446,781	
				
Total Liabilities & Fund Balance	$	391,346	$	83,607	$	474,953	

Griffin Lakes	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending June 30, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 06/30/25	Thru 06/30/25	Variance	

Revenues:		
Special Assessments - Tax Roll	$ 226,190	
Interest	10,000	
Miscellaneous Revenue	-	

$ 226,190	
7,500	
-	

$ 223,580	
11,084	
560	

$	(2,610)	
3,584	
560	

Total Revenues	$ 236,190	$ 233,690	$ 235,225	$	1,534	
Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	9,000	$	5,400	$	3,600	
PR-FICA	918	689	413	275	
Engineering	10,000	7,500	12,731	(5,231)	
Attorney	13,000	9,750	7,565	2,185	
Annual Audit	4,600	4,600	4,600	-	
Assessment Administration	4,200	4,200	4,200	-	
Dissemination Agent	1,050	788	788	-	
Trustee Fees	4,100	4,100	4,041	59	
Management Fees	23,652	17,739	17,739	0	
Property Appraiser	854	854	854	-	
Information Technology	525	394	394	-	
Website Maintenance	1,155	866	866	-	
Telephone	50	38	-	38	
Postage & Delivery	175	131	365	(233)	
Insurance General Liability	8,190	8,190	7,945	245	
Printing & Binding	400	300	231	69	
Legal Advertising	500	375	1,087	(712)	
Office Supplies	50	38	34	3	
Dues, Licenses & Subscriptions	175	175	175	-	
Contingency	600	600	1,548	(948)	
Total General & Administrative	$  86,194	$  70,325	$  70,975	$	(650)	

Griffin Lakes	
Community Development District	
General Fund	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending June 30, 2025	

Adopted	Prorated Budget	Actual	
Budget	Thru 06/30/25	Thru 06/30/25	Variance	

Operations & Maintenance

Field Expenditures		
Field Management	$	18,900	
Lake and Wetland Maintenance	5,256	
Fountain Maintenance	1,500	
Landscape Maintenance	7,073	
Plant Replacement	25,000	
Mulch & Palm pruning	9,620	
Tree Pruning/Trimming	8,755	
Irrigation Repair & Maintenance	6,557	
Pest Control	6,690	
Utility - Stormwater	250	
Repairs & Maintenance	5,395	
Stormwater Drain System	10,000	
Contingency	10,000	
Reserve	35,000	
Fence Restoration	-	

$	14,175	
3,942	
1,125	
5,305	
17,009	
7,215	
6,566	
4,918	
5,017	
250	
4,046	
10,000	
7,500	
26,250	
-	

$	14,175	
3,981	
935	
5,305	
17,009	
-	
-	
1,390	
5,017	
415	
1,950	
27,500	
-	
-	
8,600	

$	-	
(39)	
190	
-	
-	
7,215	
6,566	
3,528	
-	
(165)	
2,096	
(17,500)	
7,500	
26,250	
(8,600)	

Subtotal Field Expenditures	$ 149,996	$ 113,319	$  86,276	$	27,042	

Total Operations & Maintenance	$ 149,996	$ 113,319	$  86,276	$	27,042	

Total Expenditures	$ 236,190	$ 183,644	$ 157,251	$	26,393	

Excess (Deficiency) of Revenues over Expenditure	$	-	$	50,046	$	77,973	$	27,927	

Net Change in Fund Balance	$	-	$  50,046	$  77,973	$	27,927	
	
Fund Balance - Beginning	$	-		$ 285,200		
	
Fund Balance - Ending	$	-		$ 363,173		

Griffin Lakes	
Community Development District	
Debt Service Fund Series 2020	
Statement of Revenues, Expenditures, and Changes in Fund Balance	
For The Period Ending June 30, 2025	

Adopted	Prorated Budg	Actual	
Budget	Thru 06/30/25	Thru 06/30/25	Variance	

Revenues:		
Assessments - Tax Roll	$ 267,544	
Interest	1,200	

$ 267,544	
900	

$ 263,429	
2,110	

$	(4,115)	
1,210	

Total Revenues	$ 268,744	$ 268,444	$ 265,539	$	(2,905)	
Expenditures:		
Interest - 11/1	$	27,115	$	27,115	$	27,115	$	-	
Principal - 5/1	215,000	215,000	215,000	-	
Interest - 5/1	27,115	27,115	27,115	-	
Total Expenditures	$ 269,229	$ 269,229	$ 269,229	$	-	

Excess (Deficiency) of Revenues over Expenditure	$	(485)	$	(785)	$	(3,690)	$	(2,905)	

Net Change in Fund Balance	$	(485)	$	(785)	$	(3,690)	$	(2,905)	
		
Fund Balance - Beginning	$	72,673	$	87,297	
		
Fund Balance - Ending	$	72,188	$	83,607	

Griffin Lakes	
Community Development District	
Month to Month	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Special Assessments - Tax Roll	$	-	$	43,275	$  143,487	$	11,380	$	5,552	$	4,506	$	11,817	$	2,993	$	569	$	-	$	-	$	-	$  223,580	
Interest	963	881	919	1,443	1,304	1,445	536	2,248	1,345	-	-	-	11,084	
Miscellaneous Revenue	-	-	-	-	560	-	-	-	-	-	-	-	560	

Total Revenues	$	963	$  44,156	$ 144,407	$  12,823	$	7,417	$	5,950	$  12,354	$	5,242	$	1,914	$	-	$	-	$	-	$ 235,225	
Expenditures:														
General & Administrative:														
Supervisor Fees	$	-	$	800	$	-	$	1,000	$	-	$	800	$	1,000	$	800	$	1,000	$	-	$	-	$	-	$	5,400	
PR-FICA	-	61	-	77	-	61	77	61	77	-	-	-	413	
Engineering	-	-	-	1,005	571	4,090	5,390	733	943	-	-	-	12,731	
Attorney	428	1,140	693	1,628	545	860	540	1,733	-	-	-	-	7,565	
Annual Audit	-	-	4,600	-	-	-	-	-	-	-	-	-	4,600	
Assessment Administration	4,200	-	-	-	-	-	-	-	-	-	-	-	4,200	
Dissemination Agent	88	88	88	88	88	88	88	88	88	-	-	-	788	
Trustee Fees	4,041	-	-	-	-	-	-	-	-	-	-	-	4,041	
Management Fees	1,971	1,971	1,971	1,971	1,971	1,971	1,971	1,971	1,971	-	-	-	17,739	
Property Appraiser	-	854	-	-	-	-	-	-	-	-	-	-	854	
Information Technology	44	44	44	44	44	44	44	44	44	-	-	-	394	
Website Maintenance	96	96	96	96	96	96	96	96	96	-	-	-	866	
Telephone	-	-	-	-	-	-	-	-	-	-	-	-	-	
Postage & Delivery	7	4	8	6	6	-	14	8	312	-	-	-	365	
Insurance General Liability	7,945	-	-	-	-	-	-	-	-	-	-	-	7,945	
Printing & Binding	14	-	23	1	23	-	3	54	113	-	-	-	231	
Legal Advertising	-	-	-	-	140	-	-	158	790	-	-	-	1,087	
Office Supplies	-	-	-	-	-	-	-	0	34	-	-	-	34	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Contingency	234	206	139	129	151	148	99	221	222	-	-	-	1,548	
Total General & Administrative	$  19,242	$	5,264	$	7,660	$	6,043	$	3,633	$	8,157	$	9,321	$	5,966	$	5,689	$	-	$	-	$	-	$  70,975	

Griffin Lakes	
Community Development District	
Month to Month	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	
Operations & Maintenance

Field Expenditures														
Field Management	$	1,575	$	1,575	$	1,575	$	1,575	$	1,575	$	1,575	$	1,575	$	1,575	$	1,575	$	-	$	-	$	-	$	14,175	
Lake and Wetland Maintenance	438	438	438	438	438	438	451	451	451	-	-	-	3,981	
Fountain Maintenance	435	-	-	250	-	-	-	250	-	-	-	-	935	
Landscape Maintenance	589	589	589	589	589	589	589	589	589	-	-	-	5,305	
Plant Replacement	-	-	-	-	16,773	236	-	-	-	-	-	-	17,009	
Mulch & Palm pruning	-	-	-	-	-	-	-	-	-	-	-	-	-	
Tree Pruning/Trimming	-	-	-	-	-	-	-	-	-	-	-	-	-	
Irrigation Repair & Maintenance	214	267	130	130	130	130	130	130	130	-	-	-	1,390	
Pest Control	557	557	557	557	557	557	557	557	557	-	-	-	5,017	
Utility - Stormwater	-	415	-	-	-	-	-	-	-	-	-	-	415	
Repairs & Maintenance	1,950	-	-	-	-	-	-	-	-	-	-	-	1,950	
Stormwater Drain System	-	-	-	-	-	-	-	-	27,500	-	-	-	27,500	
Contingency	-	-	-	-	-	-	-	-	-	-	-	-	-	
Reserve	-	-	-	-	-	-	-	-	-	-	-	-	-	
Fence Restoration	-	-	-	-	-	-	-	8,600	-	-	-	-	8,600	

Subtotal Field Expenditures	$	5,759	$	3,841	$	3,290	$	3,540	$  20,063	$	3,525	$	3,303	$  12,153	$  30,803	$	-	$	-	$	-	$  86,276	

Total Operations & Maintenance	$	5,759	$	3,841	$	3,290	$	3,540	$  20,063	$	3,525	$	3,303	$  12,153	$  30,803	$	-	$	-	$	-	$  86,276	

Total Expenditures	$  25,001	$	9,105	$  10,950	$	9,582	$  23,696	$  11,683	$  12,624	$  18,118	$  36,492	$	-	$	-	$	-	$ 157,251	

Excess (Deficiency) of Revenues over Expe	$  (24,038)	$	35,050	$  133,457	$	3,240	$  (16,279)	$	(5,733)	$	(270)	$  (12,877)	$  (34,578)	$	-	$	-	$	-	$	77,973	

Net Change in Fund Balance	$  (24,038)	$  35,050	$ 133,457	$	3,240	$  (16,279)	$	(5,733)	$	(270)	$  (12,877)	$  (34,578)	$	-	$	-	$	-	$  77,973	

Griffin Lakes	
Community Development District	
Long Term Debt Report	

Series 2020, Special Assessment Revenue Refunding Bonds

Original Issuance - 8/28/2020	$2,945,000	
Interest Rate:	2.540%	
Maturity Date:	5/1/2033	
Reserve Fund Definition	10% of Maximum Annual Debt Service	
Reserve Fund Requirement	$26,754	
Reserve Fund Balance	26,754	
Bonds Outstanding	$2,945,000	
Less: Principal Payment - 5/1/21	($195,000)	
Less: Principal Payment - 5/1/22	($200,000)	
Less: Principal Payment - 5/1/23	($205,000)	
Less: Principal Payment - 5/1/24	($210,000)	
Less: Principal Payment - 5/1/25	($215,000)	
Current Bonds Outstanding	$1,920,000	

Page 7

Griffin Lakes
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts - Broward County Fiscal Year 2025

Gross Assessments	$	240,627.98	$	284,621.12	$	525,249.10	
Net Assessments	$	226,190.30	$	267,543.85	$	493,734.15	
ON ROLL ASSESSMENTS
allocation in %	45.81%	54.19%	100.00%
Date	Gross Amount	Discoumt/
(Penalty)	Commission	Interest	Net Receipts	O&M Portion	2020
Debt Service	Total	

11/22/24	
$	100,433	
$	4,043	
$	1,928	
$	-	
$	94,463	
$	43,275.40	
$	51,187.29	
$	94,462.69	
12/06/24	83,646.12	3,345.63	1,606.01	-	78,694.48	36,051.64	42,642.84	78,694.48	
12/20/24	241,754.30	9,613.85	4,642.81	-	227,497.64	104,221.59	123,276.05	227,497.64	
12/27/24	7,380.54	221.40	143.19	-	7,015.95	3,214.16	3,801.79	7,015.95	
01/06/25	24,925.27	747.70	483.53	-	23,694.04	10,854.75	12,839.29	23,694.04	
01/10/25	615.04	9.67	12.11	-	593.26	271.79	321.47	593.26	
01/24/25	-	-	-	253.00	253.00	253.00	-	253.00	
02/14/25	12,623.14	255.66	247.35	-	12,120.13	5,552.49	6,567.64	12,120.13	
03/17/25	10,146.23	110.70	200.71	-	9,834.82	4,505.54	5,329.28	9,834.82	
04/11/25	24,950.94	-	499.02		24,451.92	11,201.95	13,249.97	24,451.92	
04/25/25	-	-	-	615.51	615.51	615.51	-	615.51	
05/15/25	6,472.68	(194.17)	133.34		6,533.51	2,993.14	3,540.37	6,533.51	
06/13/25	1,230.09	(36.90)	25.34		1,241.65	568.83	672.82	1,241.65	
	$	514,177.62	$	18,116.31	$	9,921.22	$	868.51	$	487,008.60	$	223,579.79	$	263,428.81	$	487,008.60	

97.89%
$	11,071.48

Percent Collected Balance Remaining to Collect

Page 8