Reserve at Pradera Community Development District

Transcription

1 Reserve at Pradera Community Development District Financial Statements (Unaudited) July 31, 2018 Prepared by: Rizzetta & Company, Inc. reserveatpraderacdd.org rizzetta.com

2 Balance Sheet As of 7/31/2018 Debt Service General Fund Reserve Fund Fund Capital Projects Fund Total Governmental Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 127, , Investments , , Investments--Reserves 0 30, , Accounts Receivable--Other Accounts Receivable Assessments Receivable Prepaid Expenses Deposits 10, , Due From Other Funds 1, , Amount Available in Debt Service ,999 Amount To Be Provided Debt Service ,957,270 Fixed Assets ,094,867 0 Total Assets 138,810 30, , ,737 5,094,867 3,171,269 Liabilities Accounts Payable 8, , Accrued Expenses Payable 1, , Other Current Liabilities Due To Other Funds 0 0 1, , Revenue Bonds Payable--Long Term ,155,000 Capital Lease Obligation ,269 Total Liabilities 9, , , ,171,269 Fund Equity & Other Credits Beginning Fund Balance 6, , ,569 5,094,867 0 Net Change in Fund Balance 123,046 29, , Total Fund Equity & Other Credits 129,058 30, , ,444 5,094,867 0 Total Liabilities & Fund Equity 138,810 30, , ,737 5,094,867 3,171,269

3 Statement of Revenues and General Fund From 10/1/2017 Through 7/31/2018 Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Special Assessments Tax Roll 125, , ,582 1,678 (1.33)% Off Roll 265, , , % Other Miscellaneous Revenues Miscellaneous 0 0 2,140 2, % Total Revenues 391, , ,087 3,818 (0.98)% Financial & Administrative Administrative Services 4,200 3,500 3, % District Management 15,750 13,125 13, % District Engineer 10,000 8,333 2,797 5, % Disclosure Report 5,000 5,000 5, % Trustees Fees 3,500 2,695 2, % Assessment Roll 5,000 5,000 5, % Financial & Revenue Collections 3,600 3,000 3, % Accounting Services 16,750 13,958 13, % Auditing Services 3,400 3,400 3,423 (23) (0.67)% Arbitrage Rebate Calculation % Public Officials Liability 2,549 2,549 2, % Insurance Legal Advertising 1, ,113 (280) (11.33)% Dues, Licenses & Fees (275) (157.14)% Website Hosting, Maintenance, 1,200 1,000 4,700 (3,700) (291.66)% Backup Legal Counsel District Counsel 10,000 8,333 8, % Security Operations Security Camera Equipment 7,664 6,387 6,713 (326) 12.40% Lease Security Monitoring Services 20,000 16,667 10,136 6, % Electric Utility Services Utility Services 60,000 50,000 49, % Water-Sewer Combination Services Utility Services 2,000 1,667 1, % Stormwater Control Lake/Pond Bank Maintenance 15,000 12, , % Aquatic Maintenance 8,232 6,860 7,670 (810) 6.82% Aquatic Plant Replacement 5,000 4, , %

4 Statement of Revenues and General Fund From 10/1/2017 Through 7/31/2018 Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Stormwater System Maintenance 2,500 2, , % Other Physical Environment General Liability Insurance 3,116 3,116 2, % Property Insurance 5,222 5,222 4, % Landscape Maintenance 77,327 64,439 70,801 (6,362) 8.43% Irrigation Maintenance 4,656 3,880 3, % Ornamental Lighting & Maintenance 2,000 1, , % Entry Walls, Monument & Fountain Repairs & Maintenance 5,000 4,167 7,137 (2,970) (42.74)% Irrigation Repairs 5,000 4,167 4,935 (768) 1.30% Landscape - Mulch 6,631 5, , % Fire Ant Treatment 2,600 2, , % Landscape Replacement Plants, 5,000 4,167 5,210 (1,043) (4.20)% Shrubs, Trees Annuals 4,456 3, , % Field Services 7,500 6,250 6, % Well Maintenance 2,500 2, , % OTC Injections % Holiday Decorations 3,000 2, , % Parks & Recreation Gate Maintenance & Repairs 1, (98) 6.82% Facility Maintenance & Repair 5,000 4,167 2,854 1, % Telephone, Fax, Internet 2,691 2,243 2,246 (4) 16.53% Clubhouse - Facility Janitorial Service 4,740 3,950 4,466 (516) 5.77% Clubhouse - Facility Janitorial Supplies 1, % Pool Service Contract 9,600 8,000 5,231 2, % Pool Repairs & Equipment 3,000 2,500 4,512 (2,012) (50.39)% Fountain Service Contract 1,800 1, , % Pest Control 1, % Furniture Repair/Replacement 2,500 2, , % Dog Waste Station Supplies and Maintenance 2,980 2, , % Basketball Court Maintenance & Supplies Playground Equipment and Maintenance 1, % 5,000 4, , % Trail/Bike Path Maintenance 2,500 2, , %

5 Statement of Revenues and General Fund From 10/1/2017 Through 7/31/2018 Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Contingency Miscellaneous Contingency 10,000 8, , % Total 391, , ,041 57, % Excess Revenues Over/(Under) 0 61, ,046 61, % Fund Balance, Beginning of Period 0 0 6,013 6, % Fund Balance, End of Period 0 61, ,058 67, %

6 Statement of Revenues and Reserve Fund From 10/1/2017 Through 7/31/2018 Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 30,000 30, % Total Revenues 30,000 30, % Financial & Administrative Dues, Licenses & Fees 0 45 (45) 0.00% Contingency Capital Reserves 30, , % Total 30, , % Excess of Revenues Over/(Under) 0 29,982 29, % Exc. Of Rev./Other Sources Over (Under) Expend./Other Uses 0 29,982 29, % Fund Balance, Beginning of Period % Fund Balance, End of Period 0 30,201 30, %

7 Statement of Revenues and Debt Service Fund From 10/1/2017 Through 7/31/2018 Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 90,513 91,701 1, % Off Roll 142, , % Total Revenues 233, ,689 1, % Debt Service Payments Interest 183, ,843 (721) (0.39)% Principal 50,000 50, % Total 233, ,843 (721) (0.31)% Excess of Revenues Over/(Under) % Exc. Of Rev./Other Sources Over (Under) Expend./Other Uses % Fund Balance, Beginning of Period 0 213, , % Fund Balance, End of Period 0 213, , %

8 Statement of Revenues and Capital Projects Fund From 10/1/2017 Through 7/31/2018 Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Contributions & Donations From Private Sources Developer Contributions 0 35,600 35, % Total Revenues 0 35,600 35, % Other Physical Environment Improvements Other Than Buildings 0 35,600 (35,600) 0.00% Total 0 35,600 (35,600) 0.00% Excess of Revenues Over/(Under) % Exc. Of Rev./Other Sources Over (Under) Expend./Other Uses % Fund Balance, Beginning of Period % Fund Balance, End of Period %

9 Reserve at Pradera CDD Investment Summary July 31, 2018 Balance as of Account Investment July 31, 2018 The Bank of Tampa Capital Reserve Money Market Account $ 30,201 Total Reserve Fund Investments $ 30,201 US Bank Series 2015 Revenue US Bank Money Market $ 98,979 US Bank Series 2015 Reserve US Bank Money Market 116,561 Total Debt Service Fund Investments $ 215,540 US Bank Series 2015 Acquisition & Construction US Bank Money Market $ 5 Total Capital Project Fund Investments $ 5

10 Aged Payables by Invoice Date Aging Date - 7/1/ General Fund From 7/1/2018 Through 7/31/2018 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Vanguard Cleaning 7/16/ Janitorial Supplies Tampa Electric Company 7/17/2018 TECO Summary 07/18 Tampa Electric Summary 5, Bill 07/18 Burr & Forman, LLP 7/17/ Legal Services 06/18 1, Jayman Enterprises, LLC 7/17/ Service Call BOCC 7/19/ / Palmera Reserve Drive 07/18 Jayman Enterprises, LLC 7/24/ Cleaning Service M.C. Building Services LLC 7/27/ Repaired Pump Room Door Times Publishing Company 7/27/ /27/18 Legal Advertising 07/ Genesis 7/30/ Engineering Services 06/ Total General Fund 8, Report Total 8,752.04

11 RESERVE AT PRADERA COMMUNITY DEVELOPMENT DISTRICT CUSTODY ACCOUNT - SERIES 2015 Construction Custody Account Activity Through July 31, 2018 Inflows: Developer Contribution $ 74, Total Inflows: $ 74, Outflows: Requisitions Requisition Requisition Status Date Number Contractor Amount as of 07/31/18 09/24/15 CUS 2 Burr & Forman $ (6,073.00) Cleared 09/24/15 CUS 3 JAH Architects (3,400.00) Cleared 09/24/15 CUS 4 K & G Excavating (5,500.00) Cleared 09/24/15 CUS 5 Scarola (3,500.00) Cleared 11/20/15 CUS 6 Burr & Forman LLP (7,526.40) Cleared 11/30/15 CUS 7 Burr & Forman LLP (97.50) Cleared 11/30/15 CUS 8 Scarola Associates (3,105.02) Cleared 02/14/17 CUS 12 Reserve at Pradera CDD (9,930.69) Cleared 06/07/18 CUS 14 Preferred Pools & Patios, Inc (35,600.00) Cleared Total Requisitions: (74,732.61) Total Outflows: (74,732.61) Capital Projects Fund Balance at July 31, 2018 $ -

12 Notes to Unaudited Financial Statements July 31, 2018 Balance Sheet 1. Trust statement activity has been recorded through 07/31/ See EMMA (Electronic Municipal Market Access) at for Municipal Disclosures and Market Data.