Country Walk Community Development District

Transcription

1 Country Walk Community Development District Financial Statements (Unaudited) February 28, 2019 Prepared by: Rizzetta & Company, Inc. countrywalkcdd.org rizzetta.com

2 Balance Sheet As of 2/28/2019 (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 118, , Investments 787, ,424 1,512, Investments - Reserves 0 1,506, ,506, Accounts Receivable 48, ,094 72, Prepaid Expenses Deposits 15, , Due From Other Funds Amount Available-Debt Service Fund ,518 Amount To Be Provided-Debt Service ,141,482 Fixed Assets ,868,515 0 Total Assets 970,956 1,506, ,518 3,226,247 5,868,515 5,890,000 Liabilities Accounts Payable 14, , Sales Tax Payable Accrued Expenses Payable 9, , Other Current Liabilities Due To Other Funds Deposits Due to Amenity Center Customers Revenue Bonds Payable-Long-Term ,890,000 Total Liabilities 25, , ,890,000 Fund Equity & Other Credits Beginning Fund Balance 381,087 1,498, ,961 2,242,850 5,868,515 0 Net Change in Fund Balance 564,773 7, , , Total Fund Equity & Other Credits 945,861 1,506, ,518 3,201,151 5,868,515 0 Total Liabilities & Fund Equity 970,956 1,506, ,518 3,226,247 5,868,515 5,890,000

3 Statement of Revenues and Expenditures General Fund From 10/1/2018 Through 2/28/2019 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings 0 0 1,797 1, % Special Assessments Tax Roll 998, ,000 1,006,599 8,599 (0.86)% Other Miscellaneous Revenues Miscellaneous 0 0 3,720 3, % Total Revenues 998, ,000 1,012,116 14,116 (1.41)% Expenditures Legislative Supervisor Fees 13,000 5,417 5, % Financial & Administrative Administrative Services 5,800 2,417 2, % District Management 35,200 14,667 14, % District Engineer 15,000 6,250 14,438 (8,188) 3.74% Disclosure Report 1,600 1,600 1, % Trustees Fees 6,000 1,886 1, % Tax Collector/Property Appraiser Fees % Financial & Revenue Collections 5,000 2,083 2, % Accounting Services 21,000 8,750 8, % Auditing Services 3, ,500 (1,500) 60.52% Arbitrage Rebate Calculation % Assessment Roll 5,000 5,000 5, % Public Officials Liability Insurance 4,500 4,500 4, % Legal Advertising (340) (9.76)% Dues, Licenses & Fees (50) 71.87% Website Hosting, Maintenance, Backup (and ) 2, % Legal Counsel District Counsel 12,500 5,208 10,298 (5,090) 17.61% Law Enforcement Deputy 30,000 12,500 9,132 3, % Electric Utility Services Utility Services 30,000 12,500 9,640 2, % Street Lights 80,000 33,333 27,805 5, % Garbage/Solid Waste Control Services Garbage-Recreation Facility % Solid Waste Assessment 1,000 1, %

4 Statement of Revenues and Expenditures General Fund From 10/1/2018 Through 2/28/2019 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Water-Sewer Combination Services Utility Services 7,250 3,021 2, % Stormwater Control Aquatic Maintenance 23,000 9,583 9, % Lake/Pond Bank Maintenance 7,500 3,125 67,500 (64,375) (800.00)% Fountain Service Repairs & Maintenance 2,500 1, , % Mitigation Area Monitoring & Maintenance 10,000 4, , % Aquatic Plant Replacement 5,000 2, , % Stormwater Assessment 2,500 2,500 1, % Other Physical Environment Field Operations 7,200 3,000 3, % Landscape Replacement Plants, Shrubs, Trees 20,000 8,333 6,271 2, % Property Insurance 15,000 15,000 11,114 3, % General Liability Insurance 3,500 3,500 3, % Rust Prevention 6,000 2,500 1, % Entry & Walls Maintenance 5,000 2,083 1,050 1, % Landscape Maintenance 210,000 87,500 89,160 (1,660) 57.54% Tree Trimming Services 5,000 2, , % Irrigation Repairs 10,000 4,167 2,355 1, % Holiday Decorations 7,500 7,500 7, % Road & Street Facilities Street Light Decorative Light Maintenance 2,500 1, , % Sidewalk Repair & Maintenance 16,000 6, , % Parking Lot Repair & 2,500 1, , % Maintenance Parks & Recreation Management Contract 18,000 7,500 12,939 (5,439) 28.11% Payroll Reimbursement -onsite staff 159,815 66,590 52,826 13, % Maintenance & Repair 20,000 8,333 8, % Telephone, Fax, Internet 4,000 1,667 1, % Clubhouse - Facility Janitorial Service 6,600 2,750 2,995 (245) 54.62% Computer Support, Maintenance & Repair 1, % Office Supplies 2,500 1, %

5 Statement of Revenues and Expenditures General Fund From 10/1/2018 Through 2/28/2019 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Clubhouse - Facility Janitorial Supplies 8,500 3,542 1,292 2, % Furniture Repair/Replacement 5,000 2, , % Dog Waste Station Supplies 1, % Athletic/Park Court/Field Repairs 2, % Pool Service Contract 10,800 4,500 4, % Pool Repairs 5,000 2, , % Playground Equipment & Maintenance 5,000 2, , % Security System Monitoring & Maintenance Fitness Equipment Maintenance & Repairs 5,700 2,375 2, % 5,000 2,083 1, % Special Events Special Events 15,000 6,250 8,037 (1,787) 46.42% Contingency Wildlife Management Services 0 0 2,975 (2,975) 0.00% Capital Outlay 45,000 18,750 16,930 1, % Capital Improvements 10,000 4, , % Miscellaneous Contingency 25,285 10,535 1,301 9, % Total Expenditures 998, , ,215 (10,826) 55.09% Excess of Revenues Over (Under) Expenditures 0 560, ,900 3, % Other Financing Sources (Uses) Prior Year AP Credit % Exc. of Rev/Other Sources Over/(Under) Exp/Other Uses 0 560, ,773 4, % Fund Balance, Beginning of Period , , % Fund Balance, End of Period 0 560, , , %

6 Statement of Revenues and Expenditures Reserve Fund From 10/1/2018 Through 2/28/2019 (In Whole Numbers) Annual Budget Current Period Actual Budget to Actual Variance Budget Percentage Remaining Revenues Interest Earnings Interest Earnings 0 7,971 7, % Total Revenues 0 7,971 7, % Excess of Revenues Over (Under) Expenditures 0 7,971 7, % Exc. of Rev/Other Sources Over/(Under) Exp/Other Uses 0 7,971 7, % Fund Balance, Beginning of Period 0 1,498,803 1,498, % Fund Balance, End of Period 0 1,506,773 1,506, %

7 Statement of Revenues and Expenditures Debt Service Fund From 10/1/2018 Through 2/28/2019 (In Whole Numbers) Annual Budget Current Period Actual Budget to Actual Variance Budget Percentage Remaining Revenues Interest Earnings Interest Earnings 0 3,820 3, % Special Assessments Tax Roll 492, ,290 4, % Debt Service Prepayments 0 7,373 7, % Total Revenues 492, ,482 15, % Expenditures Debt Service Interest 237, , , % Principal 255,000 5, , % Total Expenditures 492, , , % Excess of Revenues Over (Under) Expenditures 0 385, , % Exc. of Rev/Other Sources Over/(Under) Exp/Other Uses 0 385, , % Fund Balance, Beginning of Period 0 362, , % Fund Balance, End of Period 0 748, , %

8 Country Walk CDD Investment Summary February 28, 2019 Balance as of Account Investment February 28, 2019 The Bank of Tampa Money Market $ 241, ,042 The Bank of Tampa ICS - Bond Excess City National Bank of Florida Money Market 9 Eagle Bank Money Market 5 Flushing Bank Money Market 41 Mutual of Omaha Bank Money Market 48,300 Pinnacle Bank Money Market 2 The Huntington National Bank Money Market 56, ,580 The Bank of Tampa ICS - Operating City National Bank of Florida Money Market 103 Eagle Bank Money Market 27 Flushing Bank Money Market 245,127 Mutual of Omaha Bank Money Market 197,014 Pinnacle Bank Money Market 3 442,274 Total General Fund Investments $ 787,896 The Bank of Tampa ICS - Cap Reserve Boston Private Bank & Trust Company Money Market $ 245,317 Eagle Bank Money Market 90,993 Enterprise Bank and Trust Company Money Market 245,280 First National Bank of Omaha Money Market 245,317 Flushing Bank Money Market 123 Mutual of Omaha Bank Money Market 3 Pinnacle Bank Money Market 12 The Huntington National Bank Money Market 189,094 The Park National Bank Money Market 245,317 United Bank Money Market 245,317 Total Reserve Fund Investments $ 1,506,773 US Bank Series 2015 Prepayment First American Treasury Obligation Fund Class Z $ 7,840 US Bank Series 2015 Excess Revenue First American Treasury Obligation Fund Class Z 59,924 US Bank Series 2015 Revenue First American Treasury Obligation Fund Class Z 474,491 US Bank Series 2015 Reserve A1 First American Treasury Obligation Fund Class Z 166,525 US Bank Series 2015 Reserve A2 First American Treasury Obligation Fund Class Z 15,644 Total Debt Service Fund Investments $ 724,424

9 Summary A/R Ledger General Fund From 2/1/2019 Through 2/28/2019 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Pasco County Tax Collector FY , Total General Fund 48,867.81

10 Summary A/R Ledger Debt Service Fund From 2/1/2019 Through 2/28/2019 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Pasco County Tax Collector FY , Total Debt Service Fund 24, Report Balance 72,961.41

11 Aged Payables by Invoice Date Aging Date - 1/1/ General Fund From 2/1/2019 Through 2/28/2019 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Pasco Sheriff's Office 1/3/2019 I-12/13/ Off Duty Detail 02/19 1, Grau and Associates 2/2/ Audit Services FYE 1, /30/18 The Pampering Plumber 2/20/ Repaired Urinal 02/ Rizzetta Amenity 2/22/2019 INV Amenity Management 4, Services, Inc. Services 02/19 Elaine Tricarico 2/23/ Tricarico Rental Deposit Refund, Clubhouse 02/19 Wendy Pineo 2/23/ Pineo Rental Deposit Refund, Clubhouse 02/19 Fitness Logic 2/25/ Repaired Grips on Eliptical 02/ Pasco County Utilities Services Branch 2/25/ # Country Point Blvd 02/ Straley Robin Vericker 2/26/ Legal Services Account # /19 Insect IQ Inc. 2/26/ Residential Pest Management & Treatment 02/19 2, AECOM Technical Services, Inc. 2/28/ Engineering Services Project # /19 2, Total General Fund 14, Report Total 14,753.19

12 Notes to Unaudited Financial Statements February 28, 2019 Balance Sheet 1. Trust statement activity has been recorded through 02/28/ 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.