Venetian Community Development District

Transcription

1 Venetian Community Development District Board of Supervisors Meeting July 23, 2018 District Office: 9530 Marketplace Road, Suite 206 Fort Myers, Florida (239)

2 VENETIAN COMMUNITY DEVELOPMENT DISTRICT AGENDA July 23, 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 July 16, 2018 AGENDA Dear Board Members: The regular meeting of the Board of Supervisors of Venetian Community Development District will be held on Monday, July 23, 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. Presentation by Artistry Painting Company B. Discussion Regarding Removal of Trees that Encroach onto Private Property C. Reconsideration of Pool Cooling D. Review and Consideration of Recreational Activities Advisory Committee Charter... Tab 1 5. BUSINESS ADMINISTRATION A. Consideration of the Operations and Maintenance Expenditures for the Month of June Tab 2 B. Review of June 2018 Financials... Tab 3 1. River Club 2. CDD 6. CONSENT ITEMS A. Consideration of Committee Meeting Minutes... Tab 4 1. Pool and Fitness Committee Meeting held May 21, 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) Very truly yours, Belinda Blandon Belinda Blandon cc: Andrew Cohen, Persson & Cohen, P.A. District Manager

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5 Venetian CDD Recreational Advisory Committee Charter The Board of Supervisors of the Venetian Community Development District has decided to consolidate two of its committees in order to eliminate overlap. The Recreational Advisory Committee will be tasked with duties pertaining to the pool, fitness, and tennis activities. The Committee will consist of selected homeowners throughout the District. The role and duties of the committee are set forth in this Charter to be the following: 1. Composition of the Recreational Advisory Committee: To serve on the committee the District is seeking representation by those current and or former committee members who have served on the Pool/Fitness and Tennis Committees. The River Club Manager in coordination with the District Manager, will review the intents submitted. A summary of candidates up to 10 qualified candidates will be provided to the Board of Supervisors to review and appoint the Committee. The Committee will consist of no more than (9) members. If you are interested in serving on this Committee please submit your letter of intent including your qualifications to the District Manager via to bblandon@rizzetta.com. The Group will be governed by the Florida Sunshine Laws. The purpose of this Advisory Committee is to provide recommendations to the CDD Board of Supervisors for review and consideration. The Committee cannot take any action on behalf of CDD. The Venetian Golf and River Club General Manager as well as the District Engineer will be a staff liaison member to the Committee. 2. Review of proposed court locations, costs, and obtain feedback from the community: This Committee will be tasked with the evaluation of the existing recreational activities and provide the Board of Supervisors with recommendations for improvements, additions, or decreases in the activities. The Committee will be tasked with evaluating those services as assigned by the Board of Supervisors obtaining feedback from the Community. In summary the committee will be responsible for the following: Fitness Equipment Upgrades/Replacements - Provide recommendations to the Board of Supervisors on existing equipment and upgrades when necessary. Fitness Classes Attendance Monitor and report on fitness classes including attendance. Provide monthly reports to the Board. Pool classes - Monitor and report on attendance. Review of fitness center plan Recommendations and actions. Tennis Court Usage, Reservations, Fees, Policies and Rule Recommendations Seek input from the community regarding the existing classes, clinics, and equipment. Provide recommendations on upgrades, additions, changes, and or new technology.

6 Report to the Venetian CDD Board summarizing the results of the input from the community and recommendations for implementation. 3. Schedule The following schedule milestones shall be met: Board Committee Appointments August 27, 2018

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8 VENETIAN COMMUNITY DEVELOPMENT DISTRICT DISTRICT OFFICE 9530 MARKETPLACE ROAD SUITE 206 FT. MYERS, FLORIDA Operation and Maintenance Expenditures June 2018 For Board Approval Attached please find the check register listing the Operation and Maintenance expenditures paid from June 1, 2018 through June 30, This does not include expenditures previously approved by the Board. The total items being presented: $111, Approval of Expenditures: Chairperson Vice Chairperson Assistant Secretary

9 Venetian Community Development District Paid Operation & Maintenance Expenditures June 1, 2018 Through June 30, 2018 Vendor Name Check Number Invoice Number Invoice Description Invoice Amount A N J Excavation, LLC Exploratory Dig To Find Leak $ 3, AMF Mark Mobile Welding, LLC Weld Mailbox Monteluna $ AMF Mark Mobile Welding, LLC Weld Mailbox Cipriani, 182 & $ Medici ter AMF Mark Mobile Welding, LLC Weld Mailbox Padova $ Aquatic Systems Inc Aquascaping- Site 30 $ Aquatic Systems Inc Monthly Lake and Wetland Services $ 2, /18 Aquatic Systems Inc Removal of Dead Vegetation $ 1, Assurance Trapping LLC Day Trapping Session for Swine $ Brightview Landscape Services, Inc Annual Change Out for April- May $ 9, Brightview Landscape Services, Inc Monthly Landscape and Irrigation 06/18 $ 24, Brightview Landscape Services, Inc Elevate 12 Live Oaks $ 1, City of Venice /18-1 Guardhouse Water-101 Veneto Bv 05/18 Clean Sweep Parking Lot Maintenance Inc Comcast Communications /18 Comcast Communications /18 $ Street Sweeping 05/18 $ Gatehouse Internet 06/18 $ Guardhouse Phone & Internet 07/18 $ David Lusty DL BOS Meeting 04/09/18 $ David Lusty DL BOS Meeting 04/23/18 $ David Lusty DL BOS Meeting 06/11/18 $ Dye, Harrison, Kirkland, Petruff, Pratt & St. Paul, PLLC Legal Services- 05/18 $ 1, Ennistymon Equities, LLC Remove & Reinstall Fence Wing $ Ennistymon Equities, LLC Remove & Reinstall Fence Wing $ Ennistymon Equities, LLC Remove & Reinstall Fence Wing $ Florida Power & Light Electric Summary 05/18 FPL Electric Summary 05/18 $ 2, Frontier Florida LLC Guardhouse Phone & Internet 06/18 $

10 Venetian Community Development District Paid Operation & Maintenance Expenditures June 1, 2018 Through June 30, 2018 Vendor Name Check Number Invoice Number Invoice Description Invoice Amount Halifax Media Holdings, LLC /17 CR Legal Advertising-CR Memo for $ (1,732.50) Summerwoods Ad Paid Halifax Media Holdings, LLC SC52G0QPCV Legal Advertising 11/17 $ Halifax Media Holdings, LLC SC52G0QPFK Legal Advertising 11/17 $ Halifax Media Holdings, LLC SC52G0QQOE Legal Advertising 12/17 $ Halifax Media Holdings, LLC SC52G0QR09 Legal Advertising 12/17 $ Halifax Media Holdings, LLC SC52G0QR0A Legal Advertising 12/17 $ Halifax Media Holdings, LLC SC52G0Qs5I Legal Advertising 01/18 $ Halifax Media Holdings, LLC SC52G0QT04 Legal Advertising 02/18 $ Halifax Media Holdings, LLC SC52G0QTWF Legal Advertising 02/18 $ Halifax Media Holdings, LLC SC52G0QUSL Legal Advertising 02/18 $ Halifax Media Holdings, LLC SC52G0QV3K Legal Advertising 02/18 $ Halifax Media Holdings, LLC SC52G0QVDB Legal Advertising 02/18 $ Halifax Media Holdings, LLC SC52G0QVDC Legal Advertising 02/18 $ Halifax Media Holdings, LLC SC52G0QW2E Legal Advertising 02/18 $ Halifax Media Holdings, LLC SC52G0QXDG Legal Advertising 03/24/18 $ Halifax Media Holdings, LLC SC52G0QYD9 Legal Advertising 04/07/18 $ Halifax Media Holdings, LLC SC52G0QZ1R Legal Advertising 04/17/18 $ Halifax Media Holdings, LLC SC52G0R0U5 Legal Advertising 05/18 $ Halifax Media Holdings, LLC SC52G0R1RH Legal Advertising 06/18 $ Halifax Media Holdings, LLC SC52L0R1GC Legal Advertising 05/18 $ Halifax Media Holdings, LLC SC68G0QOC5 Legal Advertising 10/17 $ Halifax Media Holdings, LLC SC68G0R23I Legal Advertising 06/18 $ Halifax Media Holdings, LLC SC68G0R23J Legal Advertising 06/18 $ Harry Orenstein HO BOS Meeting 04/09/18 $

11 Venetian Community Development District Paid Operation & Maintenance Expenditures June 1, 2018 Through June 30, 2018 Vendor Name Check Number Invoice Number Invoice Description Invoice Amount Harry Orenstein HO BOS Meeting 04/23/18 $ Harry Orenstein HO BOS Meeting 05/14/18 $ Harry Orenstein HO BOS Meeting 06/11/18 $ Immaculate Tile & Stone Inc % Dep For Monument Stone $ 1, Replacement Invision Communications Instal Access Reader & Clamshell Cards $ 2, Invision Communications Clam Shell Hid Cards $ Jeff Pfohler Electric, Inc Repair short in wiring $ Jeffery L. Burdick Lift Station & Gate Repair $ 1, Jerry Jasper JJ BOS Meeting 04/09/18 $ Jerry Jasper JJ BOS Meeting 04/23/18 $ Jerry Jasper JJ BOS Meeting 05/14/18 $ Jerry Jasper JJ BOS Meeting 06/11/18 $ Persson & Cohen P.A Venetian 05/18 Legal Services 05/18 $ 7, Plumber John, Inc Replaced fill Valve and Flapper $ ProPumps & Controls Inc ProPump Replacement of Frequency Drive for $ 4, Irrigation Pump-50% Dep Richard Bracco RB BOS Meeting 04/09/18 $ Richard Bracco RB BOS Meeting 04/23/18 $ Richard Bracco RB BOS Meeting 05/14/18 $ Richard Bracco RB BOS Meeting 06/11/18 $ Rizzetta & Company, Inc INV District Management Fees 06/18 $ 6, Rizzetta Amenity Services, Inc INV Cell phone 05/18 $ Rizzetta Amenity Services, Inc INV Amenity Bi-Weekly Payroll Services 06/18 Rizzetta Amenity Services, Inc INV Amenity Bi-Weekly Payroll Services 06/18 Rizzetta Technology Services, LLC INV Website & Hosting Services 06/18 $ $ $ 4, ,

12 Venetian Community Development District Paid Operation & Maintenance Expenditures June 1, 2018 Through June 30, 2018 Vendor Name Check Number Invoice Number Invoice Description Invoice Amount Schappacher Engineering LLC Engineering Services 05/18 $ 2, Southworth Solutions, LLC Software License Fee 06/18 $ Staples Advantage Supplies Purchased Credit Memo $ (2.20) Staples Advantage Supplies Purchased $ Staples Advantage Supplies Purchased $ Susie E Dunn-Lentile SL BOS Meeting 04/09/18 $ Susie E Dunn-Lentile SL BOS Meeting 05/14/18 $ Susie E Dunn-Lentile SL BOS Meeting 06/11/18 $ Venetian Golf & River Club Effluent Water Use 05/18 $ Venice Print Center, Inc A Yard Signs RFID PHII $ Venice Print Center, Inc Yard Signs RFID $ Venice Print Center, Inc Corro Signs FRID $ Verizon Wireless Wireless Telephone Services 05/18 $ Victory Security Agency II, LLC Security Services 05/20-05/26/18 $ 5, Victory Security Agency II, LLC RFID Program Week Ending 05/26/18 $ Victory Security Agency II, LLC RFID Program Week Ending 06/02/18 $ Victory Security Agency II, LLC Security Services 05/27-06/02/18 $ 5, Victory Security Agency II, LLC Security Services 06/03/18-06/09/18 $ 5, Victory Security Agency II, LLC Security Services 06/10/18-06/16/18 $ 5, Water Boy Inc Water Delivery 06/18 $ Water Equipment Technologies of Southwest Florida LLC Water Equipment Technologies of Southwest Florida LLC Weekly Maintenance-Entrance $ Fountains 05/ Install New Filter Element $ Report Total $ 111,561.00

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169 Tab 3

170 Assets Cash Accounts Operating Account Cash Drawers / Banks Payroll Account Check Clearing Visa/MC Clearing Total Cash Accounts River Club Balance Sheet Report Date: 6/30/2018 Current Month Prior Year Accounts Receivable A/R - Membership A/R - Events A/R - CDD - Annual Assessments Allowance for Doubtful Accts Total Accounts Receivable (6,752) 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 Liabilities Current Liabilities Accounts Payable Insurance Payable Sales & Use Tax Payable Payroll Deposit CDD Accrued Payroll Accrued Operating Expenses Deferred Membership Dues Employee Christmas Fund Gratuities Payable Event Deposits Total Current Liabilities (69) (1,033) Long Term Liabilities Total Liabilities Equity Retained Earnings Current Year Net Income Total Equity Total Liabilities and Equity

171 River Club CDD Report Report Date: 6/30/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % REVENEUE Dues Revenue % % Restaurant Revenue % % Other Revenue % (5,986) (13%) Total Revenue % % OPERATING EXPENDITURES COST OF GOODS SOLD Tennis Cost of Sales % % F&B Cost of Sales (9,131) (85.63%) (63,253) (29%) Total Cost of Goods Sold (8,941) (81.56%) (60,263) (27%) SALARIES & BENEFITS Salaries & Wages % % Lessons - Fitness (160) (10.18%) % Contract Services % % Employee Benefits (1,407) (6.70%) (7,023) (3%) Outside Training % % Total Salaries and Benefits % % REPAIRS & MAINTENANCE Repairs & Maintenance - Equipment (8) (0.49%) (3,303) (17%) Maintenance Contracts (413) (3.44%) % Shop & Hand Tools % (142) (21%) Building Maintenance (176) (32.05%) % Soil & Seed % % Chemicals % (533) (12%) Total Repairs and Maintenance (468) (3.20%) % OFFICE EXPENSE Postage % (248) (55%) Telephone % % Printing % (738) (197%) Office Supplies % % Total Office Expense % (38) (0%) OPERATING EXPENSE Employee Meals % (12) (0%) Meals & Entertainment % % Travel % % Electricty (485) (8.09%) (820) (1%) Personnel Supplies % % Laundry % (392) (1%) Music & Entertainment % (876) (4%) Equipment Replacement (1,478) (170.86%) (5,269) (43%) Operating Supplies (1,701) (183.88%) (5,008) (38%) China Glass Silver % % Paper/Plastic (267) (32.91%) (5,105) (46%) Decorations % (2,738) (27%) Equipment Rental % %

172 River Club CDD Report Report Date: 6/30/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Gas Diesul Fuel and Oil (328) (51.21%) (1,258) (19%) Water & Sewer (1,575) (46.32%) (11,677) (32%) Sanitation Disposal % (1,041) (18%) Licenses and Fees % % Total Operating Expense (920) (3.65%) (25,033) (9%) LEGAL & PROFESSIONAL Legal Fees % (47) (5%) Total Legal and Professional % (47) (5%) OTHER ADMINISTRATIVE COST Dues & Subscriptions % % Com Related Promotion/Security % % Misc Expense/CC Fees 7652/Cash (1,026) (68.41%) (5,482) (34%) Employee Relations % % Bad Debt Expense % % Management Fees-Administration % % Amenities Marketing % % Insurance-Administration (13) (0.71%) (115) (1%) Total Other Administrative Cost % % Non-Recurring Expense (4,288) % % TOTAL EXPENDITURES % % REVENUE LESS EXPENDITURES % (3,057) (4,509%)

173 Venetian River Club Income Statement - Tennis Report Date: 6/30/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Tennis Revenue % (2,840) (22.07%) Amenity Operating COS Tennis COS - Hardgoods-Tennis % % Total Amenity Operating COS % % Gross Profit % % Salaries and Benefits Salaries and Wages-Tennis (42) (1.38%) (75) (0.27%) Salaries and Wages-Tennis (429) (24.81%) (1,837) (10.45%) Salaries and Wages-Tennis (196) (12.51%) % Employee Benefits Allocated-Tennis (198) (8.65%) % Outside Training (Non HR)-Tennis % % Total Salaries and Benefits (865) (10.02%) % Repairs and Maintenance Repairs and Maintenance Equipment-Tennis % % Total Repairs and Maintenance % % Office Expense Office Supplies-Tennis % (17) (2.10%) Total Office Expense % (17) (2.10%) Operating Supplies Employee Meals-Tennis % % Personnel Supplies-Tennis % % Equipment Replacement-Tennis % (4,324) (576.55%) Operating Supplies-Tennis (175) 0.00% (746) (21.32%) Total Operating Supplies % (4,570) (71.65%) General and Administrative Subscriptions-Tennis % % ComRel Promo/Security-Tennis % (357) (37.61%) Total Other Administrative Cost % (57) (4.58%) Total General and Administrative (540) (5.80%) (2,887) (3.01%) Profit/(Loss) - Tennis (9,142) (8,970) (172) 1.92% (94,389) (91,652) (2,737) 2.99%

174 Venetian River Club Income Statement - Fitness Report Date: 6/30/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Fitness Revenue (589) (45.84%) (6,590) (41%) Salaries and Benefits Salaries and Wages-Fitness (18) (1.41%) (33) (0%) Salaries and Wages-Fitness % % Salaries and Wages-Fitness % % Classes-Fitness (160) (10.18%) % Salaries and Wages-Fitness % (415) (3%) Contract Services-Fitness % % Employee Benefits Allocated-Fitness % % Outside Training (Non HR)-Fitness % % Total Salaries and Benefits % % Repairs and Maintenance Repairs and Maintenance Equipment-Fitness % % Total Repairs and Maintenance % % Operating Supplies Employee Meals-Fitness % % Personnel Supplies-Fitness % % Laundry-Fitness (776) (59.67%) (1,060) (6%) Equipment Replacement-Fitness % (1,002) (143%) Operating Supplies-Fitness % % Total Operating Supplies (676) (43.29%) (1,445) (7%) Other Admin Cost Subscriptions-Fitness % % Total Other Admin Cost % % Total General and Admin % % Profit/(Loss) - Fitness (9,359) (9,977) 618 (6.20%) (94,657) (105,442) (10%)

175 Venetian River Club Income Statement - Maintenance Report Date: 6/30/2018 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 % %

176 Venetian River Club Income Statement - Food & Beverage Report Date: 6/30/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Food & Beverage Food % % Liquor % % Beer % % Wine % % Revenue - Other (492) (92.91%) (1,414) (13.06%) Total Operating Revenue % % Restaurant COS COS - Food (7,756) (89.89%) (55,512) (31.48%) COS - Liquor (574) (60.77%) (1,680) (8.70%) COS - Beer (102) (51.08%) (969) (23.79%) COS - Wine (576) (64.72%) (2,731) (15.01%) COS - Other (123) 0.00% (2,362) 0.00% Total COS (9,131) (85.63%) (63,253) (29.03%) Gross Profit % % Salaries & Benefits Salaries and Wages-Executive Chef % % Salaries and Wages-F&B Asst Mgr (29) (0.81%) % Salaries and Wages-F&B Banquet Mgr % % Salaries and Wages-F&B Servers (2,798) (54.56%) (4,762) (4.88%) Salaries and Wages-Chef Mgr (92) (2.40%) (825) (2.40%) Salaries and Wages-F&B Line Cook (4,488) (53.94%) (21,071) (17.22%) Employee Benefits Allocated-F&B (5,600) (52.66%) (29,976) (22.83%) Total Salares & Benefits (9,839) (24.49%) (27,412) (5.53%) Repairs and Maintance Repairs and Maintenance Equipment-F&B (768) (384.04%) (454) (25.24%) Maintenance Contracts-F&B (781) 0.00% (2,258) (311.52%) Chemicals-F&B % (533) (12.34%) Total Repairs and Maintenance (1,492) (259.50%) (3,246) (47.42%) Office Expense Telephone-F&B % % Office Supplies-F&B 12 0 (12) 0.00% 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 % % Operating Supplies-F&B (922) (409.65%) (6,665) (313.66%) Dinnerware-F&B % % Paper /Plastic-F&B (253) (37.50%) (1,505) (17.94%) Decorations-F&B % (3,469) (220.24%)

177 Venetian River Club Income Statement - Food & Beverage Report Date: 6/30/2018 Curr Mth Act Final Plan Plan Var % YTD Actual Final Plan Plan Var % Equipment Rental-F&B % (1,440) (19.51%) Gas,Diesel Fuel and Oil-F&B (375) (166.63%) (460) (15.93%) Total Operating Expense % (8,238) (12.55%) Other Admin Cost ComRel Promo/Security-F&B (116) (463.40%) (321) (256.68%) Total Other Admin Cost (116) (463.40%) (321) (256.68%) Total General & Admin (11,003) (23.70%) (38,108) (6.68%) Profit/(Loss) - F&B (34,392) (30,582) (3,810) 12.46% (197,084) (246,748) (20.13%)

178 Venetian River Club Income Statement - Administration Report Date: 6/30/2018 Curr Mth Actual Final Plan Plan Var % YTD Actual Final Plan Plan Var % Operating Revenue Dues Revenue % % Other Admin Rev % % Total Operating Revenue % % Salaries & Benefits Salaries and Wages-Administration % % Employee Benefits Allocated-Administration % % Total Salaries & Benefits % % Repairs & Maintenance Repairs and Maintenance Equipment % (5,147) (41%) Maintenance Contracts-Administration % % Shop & Hand Tools-Administration % (142) (21%) Building Maintenance-Administration (176) (32.05%) % Chemicals-Administration (47) % % Total Repairs & Maintenance % (2,004) (1%) Office Expense Postage-Administration % (248) (55%) Telephone-Administration % (404) (4%) Printing & Duplicating-Administration % (738) (197%) Office Supplies-Administration % % Total Office Expense % (1,049) (8%) Operating Expense Employee Meals-Administration % (12) (1%) Meals & Entertainment-Administration % % Travel-Administration % % Electric-Administration (485) (8.09%) (820) (1%) Personnel Supplies-Administration % % Music and Entertainment-Administration % (876) (4%) Equipment Replacement-Administration (2,028) (643.80%) (1,482) (24%) Operating Supplies-Administration (654) (100.57%) % Paper /Plastic-Administration (14) (10.00%) (3,600) (132%) Decorations-Administration % % Equipment Rental-Administration % % Gas,Diesel Fuel and Oil-Administration % (799) (21%) Water and Sewer-Administration (1,575) (46.32%) (11,677) (32%) Sanitation Disposal-Administration % (1,041) (18%) Licenses and Fees-Administration % % Total Operating Expense (734) (4.13%) (10,780) (6%) Legal & Professional Legal Fees-Administration % (47) (5%) Total Legal & Professional % (47) (5%)

179 Other Admin Costs Venetian River Club Income Statement - Administration Report Date: 6/30/2018 Subscriptions-Administration % (162) (49%) ComRel Promo/Security-Administration % % Credit Card Fees-Administration (1,026) (68.41%) (5,482) (34%) Employee Relations-Administration % % Bad Debt Expense-Administration % % Total Other Admin Costs % % Total General & Administration % % Other Expenses Capital Expenditures (4,288) % % Management Fee % % Amenities Marketing % % Insurance - Allociation Off Budget (13) (0.71%) (115) (1%) Total Other Expenses % % Profit/(Loss) - Administration % %

180 Venetian Community Development District Financial Statements (Unaudited) June 30, 2018 Prepared by: Rizzetta & Company, Inc. venetiancdd.org rizzetta.com

181 Venetian Community Development District Balance Sheet As of 6/30/2018 (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 213, , ,060, Investments 402, ,590, ,993, Investments - Reserves 0 725, ,391 1,326, Accounts Receivable Accounts Receivable - Other , , Interest & Dividents Receivable 0 1, , Advances to Vision , , Prepaid Expenses and Inventory 2, , , Deposits 18, , , Due From Other Funds 21, , Amount Available for Debt Service ,590,601 Amount To Be Provided Debt Service ,994,399 Fixed Assets ,168,958 0 Total Assets 658, ,065 1,590, , ,391 4,484,511 24,168,958 16,585,000 Liabilities Accounts Payable 55, , , Accrued Expenses Payable Other Current Liabilities Deposits , , Due To Other Funds 0 21, , Revenue Bonds Payable--Long Term ,585,000 Total Liabilities 55,312 21, , , ,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 446,603 (104,212) 42, , ,892 1,143, Total Fund Equity & Other Credits 603, ,577 1,590, , ,391 4,384,690 24,168,958 0 Total Liabilities & Fund Equity 658, ,065 1,590, , ,391 4,484,511 24,168,958 16,585,000 See Notes to Unaudited Financial Statements

182 Venetian Community Development District Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 6/30/2018 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings 0 0 2,073 2, % Special Assessments Tax Roll 1,424,662 1,424,662 1,443,735 19,073 (1.33)% Off Roll 8,205 8,205 8, % Other Miscellaneous Revenues Transponder Revenue 9,000 6,750 2,629 (4,121) 70.78% Total Revenues 1,441,867 1,439,617 1,456,643 17,026 (1.02)% Expenditures Legislative Supervisor Fees 12,000 9,000 6,100 2, % Financial & Administrative Administrative Services 8,000 6,000 4,568 1, % District Management 33,400 25,050 23,599 1, % District Engineer 30,000 22,500 24,295 (1,795) 19.01% Disclosure Report 1,500 1,500 1,600 (100) (6.66)% Trustees Fees 4,172 4,172 4,182 (10) (0.23)% Assessment Roll 5,000 5,000 5, % Financial & Revenue Collections 5,000 3,750 3, % Accounting Services 20,000 15,000 15, % Auditing Services 6,000 6, , % Arbitrage Rebate Calculation % Public Officials Liability Insurance 2,475 2,475 2,500 (25) (1.01)% Legal Advertising 2,000 1,500 2,017 (517) (0.84)% Dues, Licenses & Fees % Miscellaneous Fees (40) 17.04% Website Hosting, Maintenance, Backup (and ) 7,980 5,985 5, % Miscellaneous Mailings 2,000 1, % Legal Counsel District Counsel 72,000 54,000 58,466 (4,466) 18.79% Security Operations Security Services & Patrols 288, , ,226 (492) 24.82% Guard & Gate Facility Maintenance 15,000 11,250 9,618 1, % Gate Transponders 7,500 5,625 3,776 1, % Electric Utility Services Utility Services 29,176 21,882 21, % Water-Sewer Combination Services Utility Services-Effluent & Guardhouse 15,000 11,250 6,130 5, % Stormwater Control See Notes to Unaudited Financial Statements

183 Venetian Community Development District Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 6/30/2018 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Aquatic Maintenance 44,952 33,714 26,946 6, % Fountain Service Repairs & 4,340 3,255 5,248 (1,993) (20.93)% Maintenance Lake/Pond Bank Maintenance 5,000 3,750 3,907 (157) 21.86% Mitigation Area Monitoring & 35,592 26,694 25,467 1, % Maintenance Stormwater System Maintenance 7,000 5,250 2,565 2, % Other Physical Environment Office & Administration 4,000 3,000 3,024 (24) 24.40% Staff Salaries/Payroll 121,500 91,125 93,768 (2,643) 22.82% Telephone, Fax, Internet 5,058 3,794 3, % General Liability Insurance 4,950 4,950 4, % Property Insurance 3,655 3,655 3,889 (234) (6.40)% Landscape Maintenance 332, , ,489 6, % Irrigation Repairs 16,000 12,000 16,701 (4,701) (4.38)% Irrigation Maintenance 7,000 5,250 3,141 2, % Holiday Decorations 4,000 4,000 3, % Landscape Replacement Plants, Shrubs & Trees 7,000 5,250 5,566 (316) 20.48% Landscape - Pinestraw 25,000 18,750 23,010 (4,260) 7.96% Landscape - Flower Program 21,800 16,350 15,172 1, % Landscape - Miscellaneous 20,800 15,600 6,600 9, % Landscape - Mulch 65,000 48,750 53,743 (4,993) 17.31% Field Services 6,600 4,950 4, % Landscape - Hurricane Recovery 0 0 6,300 (6,300) 0.00% General Repairs & Maintenance 8,500 6,375 7,674 (1,299) 9.72% Road & Street Facilities Street/Parking Lot Sweeping 4,740 3,555 3, % Street Light Decorative Light Maintenance 2,000 1,500 3,307 (1,807) (65.33)% Roadway Repair & Maintenance 15,000 11,250 8,348 2, % Street Sign Repair & 19,800 14,850 13,652 1, % Replacement/Traffic Enforcement Contingency Entry System Upgrade 35,000 26,250 2,124 24, % Non-Recurring Expenses 46,152 34, , % Total Expenditures 1,441,867 1,089,545 1,010,040 79, % Excess of Revenues Over (Under) Expenditures 0 350, ,603 96, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 350, ,603 96, % See Notes to Unaudited Financial Statements

184 Venetian Community Development District Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 6/30/2018 (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 0 350, , , % See Notes to Unaudited Financial Statements

185 Venetian Community Development District Statement of Revenues and Expenditures Reserve Fund From 10/1/2017 Through 6/30/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 10,676 10, % Special Assessments Tax Roll 204, , % Off Roll 1,178 1, % Total Revenues 205, ,294 10, % Expenditures Contingency Capital Reserve 205, ,453 (112,838) (54.87)% Total Expenditures 205, ,453 (112,838) (54.88)% Excess of Revenues Over (Under) Expenditures 0 (102,159) (102,159) 0.00% Other Financing Sources (Uses) Unrealized Gain/Loss on Investments 0 (2,054) (2,054) 0.00% Exc. of Rev./Other Sources Over (Under) Expend./Other Uses 0 (104,212) (104,212) 0.00% Fund Balance, Beginning of Period 0 809, , % Fund Balance, End of Period 0 705, , % See Notes to Unaudited Financial Statements

186 Venetian Community Development District Statement of Revenues and Expenditures Debt Service Fund From 10/1/2017 Through 6/30/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 16,450 16, % 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 1,524,946 55, % 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 42,915 42, % Exc. of Rev./Other Sources Over (Under) Expend./Other Uses 0 42,915 42, % Fund Balance, Beginning of Period 0 1,547,686 1,547, % Fund Balance, End of Period 0 1,590,601 1,590, % See Notes to Unaudited Financial Statements

187 Venetian Community Development District Statement of Revenues and Expenditures River Club Fund From 10/1/2017 Through 6/30/2018 (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, (2,764) 88.06% Amenity Center Revenue Administration 52,250 39,188 40,304 1, % Restaurant Revenue 613, , , ,781 (12.97)% Total Revenues 2,229,037 2,061,629 2,308, ,004 (3.57)% Expenditures Cost of Goods Tennis Cost of Sales 9,564 7,173 5,675 1, % Restaurant Cost of Sales 246, , ,152 (96,149) (13.97)% Salaries and Benefits Salaries and Wages 809, , ,399 4, % Lessons-Fitness 24,904 18,678 18, % Employee Benefits 300, , ,606 (15,303) 19.90% Employee Education & Training % Contract Services 20,481 15,361 11,280 4, % Repairs and Maintenance Chemicals 4,970 3,728 4,853 (1,125) 2.35% Shop & Hand Tools (142) 9.22% Landscape Materials 12,500 9, , % Sod & Seed (675) 0.00% Repairs & Maintenance-Equipment 28,700 21,525 22,953 (1,428) 20.02% Maintenance Contracts 149, , ,100 1, % Building Maintenance 18,533 13,900 13, % Office Expense Printing ,113 (738) (122.60)% Postage (248) (16.33)% Telephone 14,400 10,800 10, % Office Supplies 5,500 4,125 3, % Operating Expense Employee Meals 22,126 16,594 17,700 (1,106) 20.00% Meals & Entertainment % Equipment Replacement 15,420 11,565 17,659 (6,094) (14.52)% Licenses and Fees 13,015 9,761 9, % Travel 1,980 1, , % Utility Services 79,900 59,925 63,520 (3,595) 20.50% Utility Services-Effluent & Guardhouse 46,200 34,650 47,677 (13,027) (3.19)% Sanitation Disposal 7,740 5,805 6,846 (1,041) 11.55% See Notes to Unaudited Financial Statements

188 Venetian Community Development District Statement of Revenues and Expenditures River Club Fund From 10/1/2017 Through 6/30/2018 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Gas, Diesel Fuel and Oil 8,880 6,660 7,959 (1,299) 10.37% Equipment Rental 15,114 11,336 10,280 1, % Personnel Supplies 3,500 2,625 2, % Laundry 46,700 35,025 37,017 (1,992) 20.73% Music & Entertainment 28,094 21,071 25,009 (3,938) 10.98% China, Glass, Silver 5,272 3,954 1,507 2, % Paper/Plastic 13,390 10,042 16,225 (6,183) (21.17)% Operating Supplies 16,200 12,150 18,110 (5,960) (11.79)% Decorations 11,400 8,550 13,013 (4,463) (14.14)% Legal & Professional Legal Fees 1, (47) 21.08% Other Administrative Cost Com Related Promotion/Security 14,279 10,709 10, % Bad Debt Expense % Management Fee 72,000 54,000 54, % Employee Relations 4,000 3, , % Insurance 21,540 21,540 21,693 (153) (0.71)% Misc Expense/Credit Card Fees 19,000 14,250 21,482 (7,232) (13.06)% Dues & Subscriptions 2,308 1, , % Amenities Marketing 21,280 15,960 7,473 8, % Contingency Non-Recurring Expenses 88,905 66,679 34,383 32, % Total Expenditures 2,229,037 1,677,163 1,774,449 (97,286) 20.39% Excess of Revenues Over (Under) Expenditures 0 384, , , % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 384, , , % Fund Balance, Beginning of Period , , % Fund Balance, End of Period 0 384, , , % See Notes to Unaudited Financial Statements

189 Venetian Community Development District Statement of Revenues and Expenditures River Club Reserve Fund From 10/1/2017 Through 6/30/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 3,136 3, % Special Assessments Tax Roll 234, ,299 (10) 0.00% Off Roll - Reserve 1,381 1, % Lot Closings - Reserve % Total Revenues 235, ,866 3, % Expenditures Contingency Capital Reserve 235,690 14, , % Total Expenditures 235,690 14, , % Excess of Revenues Over (Under) Expenditures 0 223, , % Exc. of Rev./Other Sources Over (Under) Expend./Other Uses 0 223, , % Fund Balance, Beginning of Period 0 377, , % Fund Balance, End of Period 0 601, , % See Notes to Unaudited Financial Statements

190 Venetian CDD Investment Summary June 30, 2018 Balance as of Account Investment June 30, 2018 The Bank of Tampa Money Market % Interest $ 227,035 The Bank of Tampa ICS Program: Money Market % Interest Bremer Bank, National Association Money Market 1 Flushing Bank Money Market 28 HarborOne Bank Money Market 41,603 The Park National Bank Money Market 134,185 Total General Fund Investments $ 402,852 Fidelity Investments Money Market % Interest $ 345,084 Fidelity Investments US Treasury Notes % Fixed Coupon Moodys Semiannual Maturity dtd 07/31/18 189,931 Fidelity Investments US Treasury Notes % Fixed Coupon Moodys Semiannual Maturity dtd 08/31/18 189,641 Fidelity Subtotal 724,656 The Bank of Tampa ICS Program: Money Market % Interest Mutual of Omaha Money Market 45 SunTrust Bank Money Market 798 Total Reserve Fund Investments $ 725,499 US Bank Series 2012 Revenue First American Government Obligation Fund Class Y $ 609,006 US Bank Series 2012 Interest First American Government Obligation Fund Class Y 385 US Bank Series 2012 Reserve First American Government Obligation Fund Class Y 956,142 US Bank Series 2012 Prepayment First American Government Obligation Fund Class Y 25,068 Total Debt Service Fund Investments $ 1,590,601 The Bank of Tampa ICS Program: Money Market % Interest Flushing Bank Money Market $ 16 HarborOne Bank Money Market 59 Mutual of Omaha Bank Money Market 245,131 The Park National Bank Money Market 110,997 United Bank Money Market 245,188 Total River Club Reserve Fund Investments $ 601,391

191 Venetian Community Development District Aged Payables by Invoice Date Aging Date - 12/1/ General Fund From 6/1/2018 Through 6/30/2018 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Sunrise Landcare, Inc. 12/24/ Monthly Landscape and Irrigation 01/18 21, Southworth Solutions, LLC 3/1/ Software License Fee 03/ Staples Advantage 4/21/ Supplies Purchased 8.54 Invision Communications 4/27/ Clam Shell Hid Cards Venice Print Center, Inc. 4/27/ Yard Sign Sticker Victory Security Agency II, LLC 4/29/ BB Security Services 04/22/18-04/28/18 5, Southworth Solutions, LLC 5/2/ Software License Fee 05/ Staples Advantage 6/16/ Supplies Purchased Verizon Wireless 6/19/ Wireless Telephone Services /18 Victory Security Agency II, LLC 6/23/ Security Services 06/17/18-06/23/18 5, U. S. Bank 6/25/ Trustee Fees Series /01/18-05/31/19 4, AMF Mark Mobile Welding, LLC 6/25/ Weld Mailbox Ciprianni wy Persson & Cohen P.A. 6/28/2018 Venetian 06/18 Legal Services 06/18 4, Florida Power & Light 6/28/2018 Electric Summary 06/18 FPL Electric Summary 06/18 1, Schappacher Engineering LLC 6/28/ Engineering Services 06/18 1, Rizzetta Amenity Services, Inc. Water Equipment Technologies of Southwest Florida LLC 6/29/2018 INV Amenity Bi-Weekly Payroll Services 06/18 6/29/ Weekly Maintenance-Entrance Fountains 06/18 4, Clean Sweep Parking Lot Maintenance Inc Venetian Golf & River Club 6/30/ Street Sweeping 06/ /30/ Effluent Water Use 06/ Victory Security Agency II, LLC 6/30/ Security Services 06/24/18-06/30/18 5, Water Boy Inc 6/30/ Water Delivery 06/ Total General Fund 55, Report Total 55,312.23