Easton Park Community Development District

Transcription

1 Easton Park Community Development District Financial Statements (Unaudited) January 31, 2019 Prepared by: Rizzetta & Company, Inc. eastonparkcdd.org rizzetta.com

2 Balance Sheet As of 1/31/2019 (In Whole Numbers) Total Governmental General Fund Reserve Fund Debt Service Fund Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 230, , Investments 167, , , Investments--Reserves 0 126, , Accounts Receivable 28, ,137 50, Prepaid Expenses Deposits 2, , Due From Other Funds 0 0 7,791 7, Due From Other Amount Available in Debt Service ,035 Amount To Be Provided Debt Service ,131,965 Fixed Assets ,546,435 0 Total Assets 430, , ,035 1,119,665 7,546,435 5,695,000 Liabilities Accounts Payable Accrued Expenses Payable 22, , Due To Other Funds 7, , Revenue Bonds Payable--Long Term ,695,000 Total Liabilities 30, , ,695,000 Fund Equity & Other Credits Beginning Fund Balance 49, , , ,474 7,546,435 0 Net Change in Fund Balance 350, , , Total Fund Equity & Other Credits 399, , ,035 1,089,621 7,546,435 0 Total Liabilities & Fund Equity 430, , ,035 1,119,665 7,546,435 5,695,000

3 Statement of Revenues and Expenditures General Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Percent Annual Budget Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 536, , ,603 4,753 (0.88)% Total Revenues 536, , ,711 4,861 (0.91)% Expenditures Legislative Supervisor Fees 12,000 3,273 3, % Financial & Administrative Administrative Services 4,725 1,575 1, % District Management 26,507 8,836 8, % District Engineer 5,000 1,667 1, % Disclosure Report 1,100 1, , % Trustees Fees 3,658 3,658 2,042 1, % Assessment Roll 5,000 5,000 5, % Financial & Revenue Collections 5,000 1,667 1, % Accounting Services 17,745 5,915 5, % Auditing Services 3, % Arbitrage Rebate Calculation % Public Officials Liability Insurance 2,475 2,475 2, % Legal Advertising (451) (23.60)% Bank Fees (10) 63.23% Dues, Licenses & Fees % Website Hosting, Maintenance, Backup (and ) 1, % Legal Counsel District Counsel 5,000 1,667 2,890 (1,223) 42.20% Security Operations Security System Monitoring and Maintenance 5,136 1,712 1, % Dedicated Internet Service 3,048 1, % Electric Utility Services Street Light Bond % Street Lights 113,000 37,667 37, % Utility - Fountains 6,500 2,167 1, % Utility Services-Round About Lights % Utility - Irrigation 5,000 1,667 1, % Stormwater Control Fountain Service Repairs & Maintenance 3,000 1, %

4 Statement of Revenues and Expenditures General Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Percent Annual Budget Annual Budget YTD Budget YTD Actual YTD Variance Remaining Aquatic Maintenance 30,120 10,040 10, % Invasive Plant Removal 25,000 8,333 4,900 3, % Lake/Pond Bank Maintenance 2, % Stormwater System Maintenance 1, % Other Physical Environment Property Insurance 1,936 1,936 1, % General Liability Insurance 2,750 2,750 2, % Entry & Walls Maintenance 1, % Landscape Maintenance 142,863 47,621 47, % Irrigation Repairs 7,500 2, , % Ornamental Lighting & Maintenance 2, % Field Operations 7,500 2,500 2, % Rust Prevention 7,140 2,380 2, % Landscape Replacement Plants, Shrubs, Trees 10,000 3, , % Landscape - Mulch 15,000 5,000 12,238 (7,238) 18.41% Annual Flower Program 15,000 5,000 4, % Holiday Decorations 24,600 24,600 24, % Road & Street Facilities Sidewalk Repair & Maintenance 5,000 1, , % Contingency Miscellaneous Contingency 4,172 1, , % Total Expenditures 536, , ,519 13, % Excess of Revenue Over (Under) Expenditures 0 332, ,192 18, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 332, ,192 18, % Fund Balance, Beginning of Period ,773 49, % Fund Balance, End of Period 0 332, ,964 67, %

5 Statement of Revenues and Expenditures Reserve Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Total Revenues % Excess of Revenue Over (Under) Expenditures % Excess of Rev./Other Sources Over (Under) Expend./Other Uses % Fund Balance, Beginning of Period 0 126, , % Fund Balance, End of Period 0 126, , %

6 Statement of Revenues and Expenditures Debt Service Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 1,775 1, % Special Assessments Tax Roll 413, ,500 3, % Total Revenues 413, ,275 5, % Expenditures Debt Service Interest 198,001 99,663 98, % Principal 215, , % Total Expenditures 413,001 99, , % Excess of Revenue Over (Under) Expenditures 0 318, , % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 318, , % Fund Balance, Beginning of Period 0 244, , % Fund Balance, End of Period 0 563, , %

7 Easton Park CDD Investment Summary January 31, 2019 Balance as of Account Investment January 31, 2019 The Bank of Tampa Money Market Account $ 166,172 The Bank of Tampa ICS Program: Western Alliance Bank Money Market Account 1,480 Total General Fund Investments $ 167,652 The Bank of Tampa ICS Capital Reserve Program Western Alliance Bank Money Market Account $ 126,621 Total Reserve Fund Investments $ 126,621 US Bank Series 2017 Reserve Federated Government Obligation Fd #5 $ 124,740 US Bank Series 2017 Revenue Federated Government Obligation Fd #5 408,352 US Bank Series 2017 Interest Federated Government Obligation Fd #5 6 US Bank Series 2017 Sinking Fund Federated Government Obligation Fd #5 9 Total Debt Service Fund Investments $ 533,107

8 Summary A/R Ledger General Fund From 1/1/2019 Through 1/31/2019 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total General Fund 28,775.00

9 Summary A/R Ledger Debt Service Fund From 1/1/2019 Through 1/31/2019 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total Debt Service Fund 22, Report Balance 50,911.70

10 Aged Payables by Invoice Date Aging Date - 1/1/ General Fund From 1/1/2019 Through 1/31/2019 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Vertex Water Features Inc. 1/24/2019 I2989 Fountain Cleaning 01/ Total General Fund Report Total

11 Notes to Unaudited Financial Statements January 31, 2019 Balance Sheet 1. Trust statement activity has been recorded through 01/31/ 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. Summary A/R Ledger Payment Terms 4. Payment terms for landowner assessments are (a) defined in the FY18-19 Assessment Resolution adopted by the Board of Supervisors, (b) pursuant to Florida Statutes, Chapter 197 for assessments levied via the county tax roll.