Venetian Community Development District

Transcription

1 Venetian Community Development District Board of Supervisors Meeting August 27, 2018 District Office: 9530 Marketplace Road, Suite 206 Fort Myers, Florida (239)

2 VENETIAN COMMUNITY DEVELOPMENT DISTRICT AGENDA August 27, 2018 at 9:30 a.m. To be held at the Venetian Golf Club, 105 Pesaro Drive, North Venice, Florida District Board of Supervisors Jerry Jasper Chair Harry Orenstein Vice Chair David Lusty Assistant Secretary Susie Lentile Assistant Secretary Richard Bracco Assistant Secretary District Manager Belinda Blandon Rizzetta & Company, Inc. District Counsel Andrew Cohen Persson & Cohen, P.A. District Engineer Rick Schappacher Schappacher Engineering, LLC All Cellular phones and pagers must be turned off while in the meeting room. The District Agenda is comprised of five different sections: The meeting will begin promptly at 9:30 a.m. with the first section which is called Public Comment. The Public Comment portion of the agenda is where individuals may comment on matters for which the Board may be taking action or that may otherwise concern the District. Each individual is limited to three (3) minutes for such comment. The Board of Supervisors or Staff is not obligated to provide a response until sufficient time for research or action is warranted. IF THE COMMENT CONCERNS A MAINTENANCE RELATED ITEM, THE ITEM WILL NEED TO BE ADDRESSED BY THE DISTRICT MANAGER OUTSIDE THE CONTEXT OF THIS MEETING. The second section is called Business Items. The business items section contains items for approval by the District Board of Supervisors that may require discussion, motion and votes on an item-by-item basis. Occasionally, certain items for decision within this section are required by Florida Statute to be held as a Public Hearing. During the Public Hearing portion of the agenda item, each member of the public will be permitted to provide one comment on the issue, prior to the Board of Supervisors discussion, motion and vote. The third section is called Business Administration. The Business Administration section contains items that require the review and approval of the District Board of Supervisors as a normal course of business. The fourth section is called Staff Reports. This section allows the District Manager, Engineer, and Attorney to update the Board of Supervisors on any pending issues that are being researched for Board action. The final section is called Supervisor Requests and Comments. This is the section in which the Supervisors may request Staff to prepare certain items in an effort to meet residential needs. Agendas can be reviewed by contacting the Manager s office at (239) at least seven days in advance of the scheduled meeting. Requests to place items on the agenda must be submitted in writing with an explanation to the District Manager at least fourteen (14) days prior to the date of the meeting. Public workshops sessions may be advertised and held in an effort to provide informational services. These sessions allow staff or consultants to discuss a policy or business matter in a more informal manner and allow for lengthy presentations prior to scheduling the item for approval. Typically no motions or votes are made during these sessions. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this meeting is asked to advise the District Office at (239) , at least 48 hours before the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 711, who can aid you in contacting the District Office. Any person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that this same person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

3 VENETIAN COMMUNITY DEVELOPMENT DISTRICT DISTRICT OFFICE 9530 MARKETPLACE ROAD SUITE 206 FORT MYERS, FLORIDA Board of Supervisors Venetian Community Development District Dear Board Members: August 20, 2018 AGENDA The regular meeting of the Board of Supervisors of Venetian Community Development District will be held on Monday, August 27, 2018 at 9:30 a.m. at the Venetian Golf Club located at 105 Pesaro Drive, North Venice, Florida The following is the agenda for this meeting: 1. CALL TO ORDER/ROLL CALL 2. PUBLIC COMMENT A. Committee Reports 1. Facilities Committee 2. Pool and Fitness Committee 3. River Club Renovation 4. Social and Dining Committee 5. Tennis Committee 3. DISTRICT ENGINEER STAFF REPORT 4. BUSINESS ITEMS A. Appointment of Recreational Advisory Committee B. Discussion Regarding Landscape Advisory Committee C. Discussion Regarding Existing Landscaping and Requests for Additional Plantings and Modifications D. Consideration of River Club Proposals... Tab 1 1. Fence Outlet Proposal 2. Gas Range Quotes 5. BUSINESS ADMINISTRATION A. Consideration of the Operations and Maintenance Expenditures for the Month of July Tab 2 B. Review of July 2018 Financials... Tab 3 6. CONSENT ITEMS A. Facilities Committee Meeting Minutes of July 2, Tab 4 7. STAFF REPORTS A. District Counsel B. River Club C. Field Manager D. District Manager 7. SUPERVISOR REQUESTS AND COMMENTS 9. ADJOURNMENT We look forward to seeing you at the meeting. In the meantime, if you have any questions, please do not hesitate to contact me at (239) cc: Andrew Cohen, Persson & Cohen, P.A. Very truly yours, Belinda Blandon Belinda Blandon District Manager

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10 VENETIAN COMMUNITY DEVELOPMENT DISTRICT DISTRICT OFFICE 9530 MARKETPLACE ROAD SUITE 206 FT. MYERS, FLORIDA Operation and Maintenance Expenditures July 2018 For Board Approval Attached please find the check register listing the Operation and Maintenance expenditures paid from July 1, 2018 through July 31, This does not include expenditures previously approved by the Board. The total items being presented: $295, Approval of Expenditures: Chairperson Vice Chairperson Assistant Secretary

11 Venetian Community Development District Paid Operation & Maintenance Expenditures July 1, 2018 Through July 31, 2018 Vendor Name Check Number Invoice Number Invoice Description Invoice Amount Acousti Engineering Company of Florida River Club Renovation-Payment 1 $ 6, AMF Mark Mobile Welding, LLC Weld Mailbox Ciprianni wy $ AMF Mark Mobile Welding, LLC Weld Mailbox Pessaro $ Aquatic Systems Inc Monthly Lake and Wetland Services $ 2, /18 Brightview Landscape Services, Inc Palms $ 5, City of Venice /18-1 Guardhouse Water-101 Veneto Bv 06/18 Clean Sweep Parking Lot Maintenance Inc $ Street Sweeping 06/18 $ Coastal Concrete Products, LLC Repair Concrete Wall at Venetian $ 3, Comcast Communications /18 Comcast Communications /18 Dye, Harrison, Kirkland, Petruff, Pratt & St. Paul, PLLC Gatehouse Internet 07/18 $ Guardhouse Phone & Internet 08/18 $ Legal Services- 06/18 $ Florida Power & Light Electric Summary 06/18 FPL Electric Summary 06/18 $ 1, Frontier Florida LLC /18 Guardhouse Phone & Internet 07/18 $ Halifax Media Holdings, LLC SC46G0R3IJ Legal Advertising 07/18 $ Halifax Media Holdings, LLC SC52G0R461 Legal Advertising 07/18 $ Invision Communications Clam Shell Hid Cards $ Invision Communications Liftmaster Gate Opener $ 2, Invision Communications Clam Shell Hid Cards $ Invision Communications Cleanup Network System in Guardhouse $ Jeff Pfohler Electric, Inc Repiar Short in Mailbox Light $ Lykins Signtek Inc Mailbox Paint & Installation $ McDirmit Davis & Company, LLC Audit Services FYE 9/30/17 $ 6, Noller Design Group Inc Clubhouse Renovation $ 199, Persson & Cohen P.A Venetian 06/18 Legal Services 06/18 $ 4,292.53

12 Venetian Community Development District Paid Operation & Maintenance Expenditures July 1, 2018 Through July 31, 2018 Vendor Name Check Number Invoice Number Invoice Description Invoice Amount ProPumps & Controls Inc IN Service Call on Irrigation Pump Station $ ProPumps & Controls Inc IN Replaced the Variable Frequency on $ 4, Flowtronex Irrigation ProPumps & Controls Inc ProPump Replacement for Irrigation Pump #2- $ 5, % Dep Rizzetta & Company, Inc INV District Management Fees 07/18 $ 5, Rizzetta Amenity Services, Inc INV Cell phone 06/18 $ Rizzetta Amenity Services, Inc INV Amenity Bi-Weekly Payroll Services $ 4, /18 Rizzetta Amenity Services, Inc INV Amenity Bi-Weekly Payroll Services $ 4, /18 Rizzetta Technology Services, LLC INV Website & Hosting Services $ /18 Schappacher Engineering LLC Engineering Services 06/18 $ 1, Southworth Solutions, LLC Software License Fee 03/18 $ Southworth Solutions, LLC Software License Fee 05/18 $ Southworth Solutions, LLC Software License Fee 07/18 $ Staples Advantage Supplies Purchased $ 8.54 Staples Advantage Supplies Purchased $ U. S. Bank Trustee Fees Series /01/18- $ 4, /31/19 UPS W59E22158 Delivery Service 04/06/18 $ 9.43 Venetian Golf & River Club Effluent Water Use 06/18 $ Venice Print Center, Inc Yard Sign Sticker $ Verizon Wireless Wireless Telephone Services 06/18 $ Victory Security Agency II, LLC BB Security Services 04/22/18-04/28/18 $ 5, Victory Security Agency II, LLC Security Services 06/17/18-06/23/18 $ 5, Victory Security Agency II, LLC Security Services 06/24/18-06/30/18 $ 5, Victory Security Agency II, LLC Security Services 07/01-07/07/18 $ 5, Victory Security Agency II, LLC Security Services 07/08-07/14/18 $ 5,324.60

13 Venetian Community Development District Paid Operation & Maintenance Expenditures July 1, 2018 Through July 31, 2018 Vendor Name Check Number Invoice Number Invoice Description Invoice Amount Water Boy Inc Water Delivery 06/18 $ Water Boy Inc Water Delivery 06/18 $ Water Equipment Technologies of Southwest Florida LLC Weekly Maintenance-Entrance Fountains 06/18 $ Water Equipment Technologies of Southwest Florida LLC Quarterly Maintenance-Entrance Fountains 07/18 $ Report Total $ 295,656.07

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107 Assets Cash Accounts Operating Account Cash Drawers / Banks Payroll Account Visa/MC Clearing Total Cash Accounts River Club Balance Sheet Report Date: 7/31/2018 Current Month Prior Year Accounts Receivable A/R - Membership A/R - Events A/R - CDD - Annual Assessments Total Accounts Receivable (96,564) (55,984) Inventory Food Inventory Liquor Inventory Beer Inventory Wine Inventory Perishable Inventory Tennis Hardgoods Total Inventory Other Assets Prepaid Expenses Total Other Assets Deposits Beverage Deposits Security Deposits Total Deposits Total Assets

108 Liabilities Current Liabilities Accounts Payable Insurance Payable Sales & Use Tax Payable Payroll Deposit CDD Accrued Payroll Accrued Operating Expenses Accrued Expenses Deferred Membership Dues Employee Christmas Fund Gratuities Payable Event Deposits Total Current Liabilities River Club Balance Sheet Report Date: 7/31/2018 Current Month Prior Year (69) (1,033) Long Term Liabilities Total Liabilities Equity Retained Earnings Current Year Net Income Total Equity Total Liabilities and Equity

109 River Club CDD Report Report Date: 7/31/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % REVENEUE Dues Revenue % % Restaurant Revenue (13,871) (48.67%) % Other Revenue (1,147) (53.99%) (7,133) (15%) Total Revenue (14,988) (9.29%) % OPERATING EXPENDITURES COST OF GOODS SOLD Tennis Cost of Sales % % F&B Cost of Sales % (58,384) (25%) Total Cost of Goods Sold % (55,330) (23%) SALARIES & BENEFITS Salaries & Wages % % Lessons - Fitness % % Contract Services % % Employee Benefits % (4,850) (2%) Outside Training (235) 0.00% % Total Salaries and Benefits % % REPAIRS & MAINTENANCE Repairs & Maintenance - Equipment (2,972) (94.35%) (6,275) (28%) Maintenance Contracts % % Shop & Hand Tools % (67) (9%) Building Maintenance % % Soil & Seed % % Chemicals (206) (82.33%) (739) (16%) Total Repairs and Maintenance % % OFFICE EXPENSE Postage % (227) (45%) Telephone % % Printing (350) 0.00% (1,088) (290%) Office Supplies (252) (100.95%) % Total Office Expense (542) (36.16%) (500) (3%) OPERATING EXPENSE Employee Meals % % Meals & Entertainment % % Travel % % Electricty (315) (5.42%) (1,134) (2%) Personnel Supplies (99) (98.85%) % Laundry % % Music & Entertainment (406) (32.85%) (1,283) (5%) Equipment Replacement (1,830) (297.51%) (7,098) (55%) Operating Supplies (253) (24.68%) (5,261) (37%) China Glass Silver (886) (143.20%) % Paper/Plastic (10) (1.36%) (5,115) (43%) Decorations % (2,463) (23%) Equipment Rental % %

110 River Club CDD Report Report Date: 7/31/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Gas Diesul Fuel and Oil % (1,063) (14%) Water & Sewer (2,147) (63.14%) (13,824) (35%) Sanitation Disposal % (1,041) (16%) Licenses and Fees (140) (66.67%) % Total Operating Expense (3,432) (15.79%) (28,464) (10%) LEGAL & PROFESSIONAL Legal Fees % % Total Legal and Professional % % OTHER ADMINISTRATIVE COST Dues & Subscriptions (295) 0.00% % Com Related Promotion/Security % % Misc Expense/CC Fees 7652/Cash (1,033) (103.26%) (6,514) (38%) Employee Relations % % Bad Debt Expense % % Management Fees-Administration % % Amenities Marketing % % Insurance-Administration (13) (0.71%) (128) (1%) Total Other Administrative Cost % % Non-Recurring Expense (3,665) (49.47%) % TOTAL EXPENDITURES % % REVENUE LESS EXPENDITURES (3,777) (70.23%) ,780%

111 Venetian River Club Income Statement - Tennis Report Date: 7/31/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Tennis Revenue (180) (45.01%) (3,020) (22.76%) Amenity Operating COS Tennis COS - Hardgoods-Tennis % % Total Amenity Operating COS % % Gross Profit (17) 100 (117) (116.96%) % Salaries and Benefits Salaries and Wages-Tennis % (16) (0.05%) Salaries and Wages-Tennis (585) (32.77%) (2,422) (12.51%) Salaries and Wages-Tennis % % Employee Benefits Allocated-Tennis (123) (5.22%) % Outside Training (Non HR)-Tennis (235) 0.00% % Total Salaries and Benefits (709) (7.95%) (388) (0.42%) Repairs and Maintenance Repairs and Maintenance Equipment (1,954) (130.28%) (519) (8.65%) Total Repairs and Maintenance (1,954) (130.28%) (519) (8.65%) Office Expense Office Supplies-Tennis % (17) (2.10%) Total Office Expense % (17) (2.10%) Operating Supplies Employee Meals-Tennis % % Personnel Supplies-Tennis (136) 0.00% % Equipment Replacement-Tennis % (4,324) (576.55%) Operating Supplies-Tennis % (746) (21.32%) Total Operating Supplies (135) (74.59%) (4,705) (71.73%) General and Administrative Subscriptions-Tennis (295) 0.00% % ComRel Promo/Security-Tennis % (331) (33.15%) Total Other Administrative Cost (269) (538.48%) (326) (25.11%) Total General and Administrative (3,068) (28.81%) (5,955) (5.59%) Profit/(Loss) - Tennis (13,731) (10,546) (3,185) 30.20% (108,119) (102,198) (5,921) 5.79%

112 Venetian River Club Income Statement - Fitness Report Date: 7/31/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Fitness Revenue (757) (70.42%) (7,347) (43%) Salaries and Benefits Salaries and Wages-Fitness % (7) (0%) Salaries and Wages-Fitness % % Salaries and Wages-Fitness % % Classes-Fitness % % Salaries and Wages-Fitness % % Contract Services-Fitness % % Employee Benefits Allocated-Fitness % % Outside Training (Non HR)-Fitness % % Total Salaries and Benefits % % Repairs and Maintenance Repairs and Maintenance Equipment (677) (676.77%) % Total Repairs and Maintenance (677) (676.77%) % Operating Supplies Employee Meals-Fitness % % Personnel Supplies-Fitness % % Laundry-Fitness % (928) (5%) Equipment Replacement-Fitness (150) (300.00%) (1,152) (154%) Operating Supplies-Fitness (845) (1,690.38%) (628) (84%) Total Operating Supplies (810) (55.42%) (2,255) (11%) Other Admin Cost Subscriptions-Fitness % % Total Other Admin Cost % % Total General and Admin % % Profit/(Loss) - Fitness (8,838) (10,144) 1306 (12.88%) (103,495) (115,586) (10%)

113 Venetian River Club Income Statement - Maintenance Report Date: 7/31/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Repairs and Maintenance Turf-Clubhouse Maintenance % % Pine Mulch-Clubhouse Maintenance % % Total Repairs and Maintenance % % Total Expense % %

114 Venetian River Club Income Statement - Food & Beverage Report Date: 7/31/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Food & Beverage Food (10,712) (50.79%) % Liquor (909) (25.91%) % Beer (61) (9.03%) % Wine (1,621) (60.81%) % Revenue - Other (570) (100.00%) (1,984) (17.40%) Total Operating Revenue (13,871) (48.67%) % Restaurant COS COS - Food % (51,161) (27.57%) COS - Liquor % (1,286) (6.33%) COS - Beer (50) (23.42%) (1,019) (23.77%) COS - Wine % (2,226) (11.62%) COS - Other (330) 0.00% (2,692) 0.00% Total COS % (58,384) (25.45%) Gross Profit (9,002) (52.85%) % Salaries & Benefits Salaries and Wages-Executive Chef (1,085) (18.87%) % Salaries and Wages-F&B Asst Mgr (612) (17.03%) (582) (1.62%) Salaries and Wages-F&B Banquet Mgr % % Salaries and Wages-F&B Servers (3,934) (74.23%) (8,696) (8.46%) Salaries and Wages-Chef Mgr (92) (2.40%) (917) (2.40%) Salaries and Wages-F&B Line Cook % (20,491) (15.65%) Employee Benefits Allocated-F&B (1,839) (17.04%) (31,815) (22.39%) Total Salares & Benefits (4,065) (9.97%) (31,476) (5.86%) Repairs and Maintance Repairs and Maintenance Equipment % (254) (12.72%) Maintenance Contracts-F&B % (1,711) (118.01%) Chemicals-F&B (206) (82.33%) (739) (16.17%) Total Repairs and Maintenance % (2,705) (33.72%) Office Expense Telephone-F&B % % Office Supplies-F&B % 12 0 (12) 0.00% Total Office Expense % % Operating Expense Employee Meals-F&B % % Travel-F&B % % Personnel Supplies-F&B % % Laundry-F&B % % Equipment Replacement-F&B (1,995) (797.87%) (455) (8.93%) Operating Supplies-F&B (140) (62.07%) (6,805) (289.57%) Dinnerware-F&B (886) (143.20%) % Paper /Plastic-F&B (145) (24.17%) (1,650) (18.36%) Decorations-F&B % (3,294) (188.21%)

115 Venetian River Club Income Statement - Food & Beverage Report Date: 7/31/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Equipment Rental-F&B % (690) (8.48%) Gas,Diesel Fuel and Oil-F&B % (397) (12.25%) Total Operating Expense (1,073) (17.52%) (9,311) (12.97%) Other Admin Cost ComRel Promo/Security-F&B % (296) (197.23%) Total Other Admin Cost % (296) (197.23%) Total General & Admin (4,451) (9.22%) (42,479) (6.87%) Profit/(Loss) - F&B (44,726) (31,273) (13,453) 43.02% (241,730) (278,021) (13.05%)

116 Venetian River Club Income Statement - Administration Report Date: 7/31/2018 Curr Mth Actual Final Plan Plan Var % YTD Actual Final Plan Plan Var % Operating Revenue Dues Revenue % % Other Admin Rev (210) (32.33%) % Total Operating Revenue (180) (0.14%) % Salaries & Benefits Salaries and Wages-Administration % % Employee Benefits Allocated % % Total Salaries & Benefits % % Repairs & Maintenance Repairs and Maintenance Equipment (541) (40.07%) (5,688) (41%) Maintenance Contracts-Administration % % Shop & Hand Tools-Administration % (67) (9%) Building Maintenance-Administration % % Total Repairs & Maintenance % % Office Expense Postage-Administration % (227) (45%) Telephone-Administration (80) (8.05%) (484) (5%) Printing & Duplicating-Administration (350) 0.00% (1,088) (290%) Office Supplies-Administration (252) (100.95%) % Total Office Expense (662) (50.96%) (1,712) (12%) Operating Expense Employee Meals-Administration % % Meals & Entertainment-Administration % % Travel-Administration % % Electric-Administration (315) (5.42%) (1,134) (2%) Personnel Supplies-Administration % % Music and Entertainment-Administration (406) (32.85%) (1,283) (5%) Equipment Replacement-Administration % (1,167) (18%) Operating Supplies-Administration % % Paper /Plastic-Administration % (3,465) (121%) Decorations-Administration % % Equipment Rental-Administration (155) (33.84%) % Gas,Diesel Fuel and Oil-Administration % (666) (16%) Water and Sewer-Administration (2,147) (63.14%) (13,824) (35%) Sanitation Disposal-Administration % (1,041) (16%) Licenses and Fees-Administration (140) (66.67%) % Total Operating Expense (1,414) (10.12%) (12,193) (6%) Legal & Professional Legal Fees-Administration % % Total Legal & Professional % %

117 Other Admin Costs Venetian River Club Income Statement - Administration Report Date: 7/31/2018 Curr Mth Actual Final Plan Plan Var % YTD Actual Final Plan Plan Var % Subscriptions-Administration % (162) (49%) ComRel Promo/Security-Administration % % Credit Card Fees-Administration (1,033) (103.26%) (6,514) (38%) Employee Relations-Administration % % Bad Debt Expense-Administration % % Total Other Admin Costs (652) (32.99%) (442) (1%) Total General & Administration % % Other Expenses Capital Expenditures (3,665) (49.47%) % Management Fee % % Amenities Marketing % % Insurance - Allociation Off Budget (13) (0.71%) (128) (1%) Total Other Expenses (2,228) (12.84%) % Profit/(Loss) - Administration % %

118 Venetian Community Development District Financial Statements (Unaudited) July 31, 2018 Prepared by: Rizzetta & Company, Inc. venetiancdd.org rizzetta.com

119 Venetian Community Development District Balance Sheet As of 7/31/2018 (In Whole Numbers) Debt Service General Fund Reserve Fund Fund River Club Fund River Club Reserve Fund Total Governmental Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 71, , , Investments 253, ,587, ,840, Investments - Reserves 0 727, ,928 1,329, Accounts Receivable Accounts Receivable - Other , , Interest & Dividents Receivable Advances to Vision (26,967) 0 (26,967) 0 0 Prepaid Expenses and Inventory 2, , , Deposits 18, , , Due From Other Funds 239, , Amount Available for Debt Service ,587,490 Amount To Be Provided Debt Service ,997,510 Fixed Assets ,168,958 0 Total Assets 584, ,199 1,587, , ,928 4,284,996 24,168,958 16,585,000 Liabilities Accounts Payable 107, , , Accrued Expenses Payable 2, , Other Current Liabilities Deposits , , Due To Other Funds 0 239, , Revenue Bonds Payable--Long Term ,585,000 Total Liabilities 109, , , , ,585,000 Fund Equity & Other Credits Beginning Fund Balance 157, ,789 1,547, , ,499 3,241,308 24,168,958 0 Net Change in Fund Balance 317,966 (321,344) 39, , , , Total Fund Equity & Other Credits 475, ,446 1,587, , ,928 3,909,073 24,168,958 0 Total Liabilities & Fund Equity 584, ,199 1,587, , ,928 4,284,996 24,168,958 16,585,000 See Notes to Unaudited Financial Statements

120 Venetian Community Development District Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 7/31/2018 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings 0 0 2,255 2, % Special Assessments Tax Roll 1,424,662 1,424,662 1,443,970 19,309 (1.35)% Off Roll 8,205 8,205 8, % Other Miscellaneous Revenues Transponder Revenue 9,000 7,500 5,393 (2,107) 40.07% Total Revenues 1,441,867 1,440,367 1,459,823 19,456 (1.25)% Expenditures Legislative Supervisor Fees 12,000 10,000 7,000 3, % Financial & Administrative Administrative Services 8,000 6,667 5,068 1, % District Management 33,400 27,833 25,817 2, % District Engineer 30,000 25,000 26,295 (1,295) 12.35% Disclosure Report 1,500 1,500 1, % Trustees Fees 4,172 4,172 4,182 (10) (0.23)% Assessment Roll 5,000 5,000 5, % Financial & Revenue Collections 5,000 4,167 4, % Accounting Services 20,000 16,667 16, % Auditing Services 6,000 6,000 6, % Arbitrage Rebate Calculation % Public Officials Liability Insurance 2,475 2,475 2,500 (25) (1.01)% Legal Advertising 2,000 1,667 2,381 (714) (19.03)% Dues, Licenses & Fees % Miscellaneous Fees (143) (11.96)% Website Hosting, Maintenance, 7,980 6,650 5,645 1, % Backup (and ) Miscellaneous Mailings 2,000 1, % Legal Counsel District Counsel 72,000 60,000 66,963 (6,963) 6.99% Security Operations Security Services & Patrols 288, , ,885 1, % Guard & Gate Facility Maintenance 15,000 12,500 10,968 1, % Gate Transponders 7,500 6,250 3,876 2, % Electric Utility Services Utility Services 29,176 24,313 22,966 1, % Water-Sewer Combination Services Utility Services-Effluent & Guardhouse 15,000 12,500 6,846 5, % Stormwater Control See Notes to Unaudited Financial Statements

121 Venetian Community Development District Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 7/31/2018 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Aquatic Maintenance 44,952 37,460 29,940 7, % Fountain Service Repairs & 4,340 3,617 5,483 (1,867) (26.34)% Maintenance Lake/Pond Bank Maintenance 5,000 4,167 3, % Mitigation Area Monitoring & 35,592 29,660 25,467 4, % Maintenance Stormwater System Maintenance 7,000 5,833 2,565 3, % Other Physical Environment Office & Administration 4,000 3,333 3,471 (138) 13.21% Staff Salaries/Payroll 121, , ,839 (1,589) 15.35% Telephone, Fax, Internet 5,058 4,215 3, % General Liability Insurance 4,950 4,950 4, % Property Insurance 3,655 3,655 3,889 (234) (6.40)% Landscape Maintenance 332, , ,425 (1,990) 16.06% Irrigation Repairs 16,000 13,333 17,084 (3,751) (6.77)% Irrigation Maintenance 7,000 5,833 3,141 2, % Holiday Decorations 4,000 4,000 3, % Landscape Replacement Plants, Shrubs 7,000 5,833 6,416 (583) 8.34% & Trees Landscape - Pinestraw 25,000 20,833 23,010 (2,177) 7.96% Landscape - Flower Program 21,800 18,167 15,172 2, % Landscape - Miscellaneous 20,800 17,333 31,899 (14,566) (53.36)% Landscape - Mulch 65,000 54,167 53, % Field Services 6,600 5,500 5, % Landscape - Hurricane Recovery 0 0 6,300 (6,300) 0.00% General Repairs & Maintenance 8,500 7,083 9,324 (2,240) (9.68)% Road & Street Facilities Street/Parking Lot Sweeping 4,740 3,950 3, % Street Light Decorative Light 2,000 1,667 3,307 (1,640) (65.33)% Maintenance Roadway Repair & Maintenance 15,000 12,500 8,348 4, % Street Sign Repair & 19,800 16,500 13,466 3, % Replacement/Traffic Enforcement Contingency Entry System Upgrade 35,000 29,167 2,124 27, % Non-Recurring Expenses 46,152 38,460 6,129 32, % Total Expenditures 1,441,867 1,206,985 1,141,858 65, % Excess of Revenues Over (Under) Expenditures 0 233, ,966 84, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 233, ,966 84, % See Notes to Unaudited Financial Statements

122 Venetian Community Development District Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 7/31/2018 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Fund Balance, Beginning of Period , , % Fund Balance, End of Period 0 233, , , % See Notes to Unaudited Financial Statements

123 Venetian Community Development District Statement of Revenues and Expenditures Reserve Fund From 10/1/2017 Through 7/31/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 11,175 11, % Special Assessments Tax Roll 204, , % Off Roll 1,178 1, % Total Revenues 205, ,793 11, % Expenditures Contingency Capital Reserve 205, ,718 (331,103) (161.03)% Total Expenditures 205, ,718 (331,103) (161.03)% Excess of Revenues Over (Under) Expenditures 0 (319,925) (319,925) 0.00% Other Financing Sources (Uses) Unrealized Gain/Loss on Investments 0 (1,419) (1,419) 0.00% Exc. of Rev./Other Sources Over (Under) Expend./Other Uses 0 (321,344) (321,344) 0.00% Fund Balance, Beginning of Period 0 809, , % Fund Balance, End of Period 0 488, , % See Notes to Unaudited Financial Statements

124 Venetian Community Development District Statement of Revenues and Expenditures Debt Service Fund From 10/1/2017 Through 7/31/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 13,339 13, % Special Assessments Tax Roll 1,460,440 1,475,391 14, % Off Roll 9,399 9, % Prepayments 0 23,706 23, % Total Revenues 1,469,839 1,521,836 51, % Expenditures Debt Service Payments Interest 934, ,031 (7,193) (0.76)% Principal 535, ,000 (5,000) (0.93)% Total Expenditures 1,469,839 1,482,031 (12,193) (0.83)% Excess of Revenues Over (Under) Expenditures 0 39,804 39, % Exc. of Rev./Other Sources Over (Under) Expend./Other Uses 0 39,804 39, % Fund Balance, Beginning of Period 0 1,547,686 1,547, % Fund Balance, End of Period 0 1,587,490 1,587, % See Notes to Unaudited Financial Statements

125 Venetian Community Development District Statement of Revenues and Expenditures River Club Fund From 10/1/2017 Through 7/31/2018 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Special Assessments Tax Roll 1,550,265 1,550,265 1,566,135 15,870 (1.02)% Off Roll 9,139 9,139 9, % Dues Revenue -Lot Closings 4,383 3, (3,129) 88.06% Amenity Center Revenue Administration 52,250 43,542 41,282 (2,260) 20.99% Restaurant Revenue 613, , , ,328 (15.36)% Total Revenues 2,229,037 2,117,432 2,324, ,809 (4.27)% Expenditures Cost of Goods Tennis Cost of Sales 9,564 7,970 5,911 2, % Restaurant Cost of Sales 246, , ,752 (82,193) (16.65)% Salaries and Benefits Salaries and Wages 809, , ,076 19, % Lessons-Fitness 24,904 20,753 19,176 1, % Employee Benefits 300, , ,830 (9,493) 13.50% Employee Education & Training % Contract Services 20,481 17,068 12,280 4, % Repairs and Maintenance Chemicals 4,970 4,142 5,309 (1,167) (6.82)% Shop & Hand Tools (67) 9.22% Landscape Materials 12,500 10, , % Sod & Seed (675) 0.00% Repairs & Maintenance-Equipment 28,700 23,917 29,075 (5,158) (1.30)% Maintenance Contracts 149, , ,489 6, % Building Maintenance 18,533 15,444 13,604 1, % Office Expense Printing ,463 (1,046) (192.60)% Postage (227) (21.16)% Telephone 14,400 12,000 11, % Office Supplies 5,500 4,583 4, % Operating Expense Employee Meals 22,126 18,438 18,834 (396) 14.87% Meals & Entertainment % Equipment Replacement 15,420 12,850 20,103 (7,253) (30.36)% Licenses and Fees 13,015 10,846 10, % Travel 1,980 1, , % Utility Services 79,900 66,583 69,634 (3,051) 12.84% Utility Services-Effluent & Guardhouse 46,200 38,500 53,224 (14,724) (15.20)% Sanitation Disposal 7,740 6,450 7,491 (1,041) 3.21% See Notes to Unaudited Financial Statements

126 Venetian Community Development District Statement of Revenues and Expenditures River Club Fund From 10/1/2017 Through 7/31/2018 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Gas, Diesel Fuel and Oil 8,880 7,400 8,533 (1,133) 3.90% Equipment Rental 15,114 12,595 10,891 1, % Personnel Supplies 3,500 2,917 2, % Laundry 46,700 38,917 39,389 (472) 15.65% Music & Entertainment 28,094 23,412 26,651 (3,239) 5.13% China, Glass, Silver 5,272 4,393 3,011 1, % Paper/Plastic 13,390 11,158 16,970 (5,812) (26.73)% Operating Supplies 16,200 13,500 19,386 (5,886) (19.66)% Decorations 11,400 9,500 13,013 (3,513) (14.14)% Legal & Professional Legal Fees 1,200 1, % Other Administrative Cost Com Related Promotion/Security 14,279 11,899 11, % Bad Debt Expense % Management Fee 72,000 60,000 60, % Employee Relations 4,000 3, , % Insurance 21,540 21,540 21,693 (153) (0.71)% Misc Expense/Credit Card Fees 19,000 15,833 23,514 (7,681) (23.75)% Dues & Subscriptions 2,308 1, , % Amenities Marketing 21,280 17,733 8,168 9, % Contingency Non-Recurring Expenses 88,905 74,088 45,457 28, % Total Expenditures 2,229,037 1,861,121 1,917,331 (56,210) 13.98% Excess of Revenues Over (Under) Expenditures 0 256, , , % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 256, , , % Fund Balance, Beginning of Period , , % Fund Balance, End of Period 0 256, , , % See Notes to Unaudited Financial Statements

127 Venetian Community Development District Statement of Revenues and Expenditures River Club Reserve Fund From 10/1/2017 Through 7/31/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 3,672 3, % Special Assessments Tax Roll 234, ,299 (10) 0.00% Off Roll - Reserve 1,381 1, % Lot Closings - Reserve % Total Revenues 235, ,403 3, % Expenditures Contingency Capital Reserve 235,690 14, , % Total Expenditures 235,690 14, , % Excess of Revenues Over (Under) Expenditures 0 224, , % Exc. of Rev./Other Sources Over (Under) Expend./Other Uses 0 224, , % Fund Balance, Beginning of Period 0 377, , % Fund Balance, End of Period 0 601, , % See Notes to Unaudited Financial Statements

128 Venetian CDD Investment Summary July 31, 2018 Balance as of Account Investment July 31, 2018 The Bank of Tampa Money Market % Interest $ 77,060 The Bank of Tampa ICS Program: Money Market % Interest First Tennessee Bank Natl Assn. Money Market 42,324 HarborOne Bank Money Market 21 Oritani Bank Money Market 133,606 The Park National Bank Money Market 23 Total General Fund Investments $ 253,034 Fidelity Investments Money Market % Interest $ 237,401 Fidelity Investments US Treasury Notes % Fixed Coupon Moodys Semiannual Maturity dtd 08/31/18 189,818 Fidelity Investments US Treasury Notes % Fixed Coupon Moodys Semiannual Maturity dtd 08/30/18 299,541 Fidelity Subtotal 726,760 The Bank of Tampa ICS Program: Money Market % Interest Oritani Bank Money Market 45 SunTrust Bank Money Market 798 Total Reserve Fund Investments $ 727,603 US Bank Series 2012 Revenue First American Government Obligation Fund Class Y $ 2,777 US Bank Series 2012 Revenue US Treasury Notes % Principal Coupon Moody's AAA Maturity dtd 10/31/18 605,612 US Bank Series 2012 Interest First American Government Obligation Fund Class Y 669 US Bank Series 2012 Reserve First American Government Obligation Fund Class Y 176 US Bank Series 2012 Reserve US Treasury Notes % Principal Coupon Moody's AAA Maturity dtd 04/30/19 953,158 US Bank Series 2012 Prepayment First American Government Obligation Fund Class Y 25,098 Total Debt Service Fund Investments $ 1,587,490 The Bank of Tampa ICS Program: Money Market % Interest First Tennessee Bank Natl Assn. Money Market 28 HarborOne Bank Money Market 6 Mutual of Omaha Bank Money Market 56 Oritani Bank Money Market 111,494 The Park National Bank Money Market 245,125 United Bank Money Market 245,219 Total River Club Reserve Fund Investments $ 601,928

129 Venetian Community Development District Aged Payables by Invoice Date Aging Date - 9/1/ General Fund From 7/1/2018 Through 7/31/2018 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Staples Advantage 9/2/ Supplies Purchased Staples Advantage 9/2/ Supplies Purchased Staples Advantage 9/2/ Supplies Purchased Staples Advantage 9/30/ Supplies Purchased Staples Advantage 9/30/ Supplies Purchased Sunrise Landcare, Inc. 12/24/ Monthly Landscape and 21, Irrigation 01/18 Staples Advantage 4/14/ Credit Memo (4.40) Brightview Landscape Services, Inc. 5/1/ Fertilization 05/18 11, Brightview Landscape Services, Inc. Brightview Landscape Services, Inc. 6/29/ Flush Cut 66 Washingtonian Palms & Remove 7/1/ Monthly Landscape and Irrigation 07/18 10, , David Lusty 7/9/2018 DL BOS Meeting 07/09/ Susie E Dunn-Lentile 7/9/2018 SL BOS Meeting 07/09/ Jerry Jasper 7/9/2018 JJ BOS Meeting 07/09/ Richard Bracco 7/9/2018 RB BOS Meeting 07/09/ Brightview Landscape Services, Inc. 7/16/ Instal Mulley Grasses Brightview Landscape Services, Inc. Brightview Landscape Services, Inc. Dye, Harrison, Kirkland, Petruff, Pratt & St. Paul, PLLC Halifax Media Holdings, LLC 7/16/ Instal Muhly Grass /16/ Remove Bougainvillea /18/ Legal Services- 06/18 -ILA /19/2018 SC52G0R4T3 Legal Advertising 07/ Verizon Wireless 7/19/ Wireless Telephone Services 07/ Victory Security Agency II, LLC 7/21/ Security Services 07/15-07/21/18 5, Harry Orenstein 7/23/2018 HO BOS Meeting 07/23/ David Lusty 7/23/2018 DL BOS Meeting 07/23/ Richard Bracco 7/23/2018 RB BOS Meeting 07/23/ Jerry Jasper 7/23/2018 JJ BOS Meeting 07/23/ AMF Mark Mobile Welding, LLC 7/23/ Weld Mailbox Valenca Loop Susie E Dunn-Lentile 7/23/2018 SL BOS Meeting 07/23/ Immaculate Tile & Stone 7/25/ Monument Stone 1, Inc. Replacement Brightview Landscape Services, Inc. 7/25/ Savona Awibuki Install

130 Venetian Community Development District Aged Payables by Invoice Date Aging Date - 9/1/ General Fund From 7/1/2018 Through 7/31/2018 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Jeff Pfohler Electric, Inc. 7/27/ Repair underground wiring feeding mailbox Rizzetta Amenity Services, Inc. Victory Security Agency II, LLC 7/27/2018 INV Amenity Bi-Weekly Payroll Services 07/18 7/28/ Security Services 07/22-07/28/18 4, , Florida Power & Light 7/30/2018 Electric Summary 07/18 FPL Electric Summary 07/18 1, Brightview Landscape 7/30/ Sod for Veneto & Pasaro 9, Services, Inc. Brightview Landscape Services, Inc. 7/30/ New Turf Hog Damaged Areas Brightview Landscape Services, Inc. Clean Sweep Parking Lot Maintenance Inc Rizzetta Amenity Services, Inc. 7/30/ Install Soil & Sod /31/ Street Sweeping 07/ /31/2018 INV Cell phone 07/ ProPumps & Controls Inc. 7/31/ IN Irrigation Service Call 07/24/18 Lake Fill Controls Venetian Golf & River Club 7/31/ Effluent Water Use 07/ Water Boy Inc 7/31/ Water Delivery 07/ Persson & Cohen P.A. 8/1/2018 Venetian 07/18 Legal Services 07/18 7, Venetian Golf & River Club 8/8/ Transponder Sales Tax Collected - July Total General Fund 107, Report Total 107,586.56

131 Venetian Community Development District Notes to Unaudited Financial Statements July 31, 2018 Balance Sheet 1. Trust statement activity has been recorded through 07/31/18 2. See EMMA (Electronic Municipal Market Access) at for Municipal Disclosures and Market Data. 3. For presentation purposes, the Reserves are shown in a separate fund titled Reserve Fund.

132 Tab 4

133 VCDD - VENETIAN RIVER CLUB 502 Veneto Boulevard North Venice FL Facilities Advisory Committee (FAC) Meeting Minutes July 2, 2018 Attending Members: David Lusty (VCDD Liaison), Jerry Flood, Debbie Gerickie, John Dabney, Boris Yoffe Resident Guests: Gwen Mengel, Michael Angerame Absent: Jim Allen, Carl Chorba Discussion Topics: A. Call to Order: Chairman Mr. Dabney called the meeting to order at 9:00 A.M. He declared that a quorum was present. B. Additions or Deletions to the Agenda: 1. Mr. Yoffe asked to include walk-through in the pool area 2. Ms. Mengel raised several issues related to poor maintenance of the club and surrounding area: o Trash pick-up does not always happen by the end of the day. Sometime trash cans are found early in the morning on their side and trash taken out by animals during the night. One of the suggestions: to take trash cans away by the day end. (Later, during walk-though it was suggested to anchor trash cans or put heavy objects on the bottom to prevent small animals from over-turning them). o The back of the pool (hot tub side) is poorly lit and dark early in the morning. Ground lights with light sensor would be helpful. o Pool maintenance: do we have a contract that include spare parts storage? Last time the pump went down it took too long to replace it. o Is there long-term gym equipment replacement plan? GM and Committee agreed to replace some equipment 6-8 months ago and it s still not done. o The building maintenance is not good: for example, the roof of the portico is dirty, multiple cracks in staco, etc. o Landscape around the pool is sloppy, dead bushes should be replaced by more sustainable perennials, mulch washed away by the rain and should be replaced by decorative rocks or other alternatives. Hopefully, new GM Denise Payton will pay closer attention to the poor maintenance issues. 3. Mr. Amgerame raised safety issues: o Emergency exits/ capacity from ball room during peak events/peak season. David commented that there are 6 exits but during some events those exits are obstructed by furniture. o The Committee recommended new GM to discuss safety issue during peak events with Fire Marshal. It was also recommended to conduct safety training for the staff.

134 o The Committee also recommended to upgrade current cameras to night vision cameras. C. Approval of minutes from prior meetings on June 4. Minutes were approved at 9:37 AM by John and Debbie seconed.. D. Old Business: 1. Interior Renovation Update: Mr. Lusty provided renovation schedule. Old furniture will either be put for sale or for free pick-up by residents. Patio renovation may not start until Sep-Oct Steve Kleinglass will be in charge of monitoring team to oversee the renovation project. There are two separate contracts for renovation: sound attenuation and facility improvements. Fitness room floor repair will be done under insurance coverage. 2. Monitoring/ management of budget: CDD Board and Management company are responsible 3. River Club Paver project: Held for insurance certificate. 4. Fitness Center Floor Damage from Water Cooler Installation: 4. Insurance claim for floor damage from water cooler installation. Floor refinish during Renovation. Lessons learned: vendors should provide the proof of insurance. 5. Landscape and Exterior Building Issues: discussion to be continued with new GM present 6. Exterior Lighting Far Corner of Fitness Center. Photo sensor controlled light recommended (see above) 7. Front door refinishing: part of renovation contract 8. Club exterior update from VGCDD meeting (John Dabney): Lennar needs to fix few things before leaving: stucco repair, exterior pressure-wash. Building was painted last time in Replacement of Handicap Lift covers: no updates 10. Enforcement of Pool Rules: budgeted for peak season (Dec-Apr, WED-SUN) 11. Report on proposed pool renovation ad hoc committee recommendation: CDD is reviewing realignment of the committees E. Management Report: no report provided since interim GM was not present F. VCDD Board Report: David will check if there is a warranty for stucco G. New Business: none H. Next meeting and Adjournment: Next meeting on August 6, Location TBD since the club will be closed for renovation. Likely, we ll meet at Welcome Center 10:10 a.m. Minutes submitted by Boris Yoffe, Secretary.