Easton Park Community Development District

Transcription

1 Easton Park Community Development District Financial Statements (Unaudited) July 31, 2018 Prepared by: Rizzetta & Company, Inc. eastonparkcdd.org rizzetta.com

2 Balance Sheet As of 7/31/2018 (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 84, , Investments 52, , , Investments--Reserves 0 126, , Accounts Receivable 4, , Prepaid Expenses 2, , Deposits 2, , Due From Other Funds Due From Other Amount Available in Debt Service ,682 Amount To Be Provided Debt ,451,318 Service Fixed Assets ,546,435 0 Total Assets 145, , , ,728 7,546,435 5,695,000 Liabilities Accounts Payable 18, , Accrued Expenses Payable 10, , Due To Other Funds Revenue Bonds Payable--Long Term ,695,000 Total Liabilities 29, , ,695,000 Fund Equity & Other Credits Beginning Fund Balance 11, , , ,752 7,546,435 0 Net Change in Fund Balance 105, , , Total Fund Equity & Other Credits 116, , , ,452 7,546,435 0 Total Liabilities & Fund Equity 145, , , ,728 7,546,435 5,695,000 See Notes to Unaudited Financial Statements

3 Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 7/31/2018 (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, , ,254 3,404 (0.63)% Total Revenues 536, , ,795 3,945 (0.73)% Expenditures Legislative Supervisor Fees 12,000 10,000 6,200 3, % Financial & Administrative Administrative Services 4,725 3,938 3, % District Management 26,507 22,089 22, % District Engineer 5,000 4,167 1,742 2, % Disclosure Report 1, % Trustees Fees 3,658 3,658 3, % Assessment Roll 5,000 5,000 5, % Financial & Revenue Collections 5,000 4,167 4, % Accounting Services 17,745 14,788 14, % Auditing Services 3,485 3,485 3, % Arbitrage Rebate Calculation % Public Officials Liability 2,475 2,475 2, % Insurance Legal Advertising (135) (10.28)% Bank Fees (200) (182.84)% Dues, Licenses & Fees % Website Hosting, Maintenance, 1,200 1,000 1, % Backup (and ) Legal Counsel District Counsel 10,000 8,333 1,430 6, % Security Operations Security System Monitoring and 5,136 4,280 5,309 (1,029) (3.35)% Maintenance Dedicated Internet Service 3,048 2,540 2, % Electric Utility Services Street Light Bond (81) 3.69% Street Lights 107,000 89,167 94,389 (5,222) 11.78% Utility - Fountains 8,500 7,083 5,130 1, % Utility Services-Round About % Lights Utility - Irrigation 4,500 3,750 4,322 (572) 3.96% Stormwater Control Fountain Service Repairs & Maintenance 5,000 4,167 1,715 2, % See Notes to Unaudited Financial Statements

4 Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 7/31/2018 (In Whole Numbers) Percent Annual Budget Annual Budget YTD Budget YTD Actual YTD Variance Remaining Aquatic Maintenance 28,800 24,000 26,517 (2,517) 7.92% Invasive Plant Removal 28,000 23,333 13,574 9, % Lake/Pond Bank Maintenance 2,500 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, , ,975 1, % Irrigation Repairs 7,500 6,250 13,659 (7,409) (82.12)% Ornamental Lighting & 2,500 2,083 1, % Maintenance Field Operations 7,500 6,250 6, % Rust Prevention 7,140 5,950 5, % Landscape Replacement Plants, 10,000 8, , % Shrubs, Trees Landscape - Mulch 15,000 12,500 13,440 (940) 10.40% Annual Flower Program 15,000 12,500 13,361 (861) 10.92% Holiday Decorations 20,000 20,000 24,600 (4,600) (23.00)% Road & Street Facilities Sidewalk Repair & Maintenance 1,500 1,250 4,795 (3,545) (219.66)% Contingency Miscellaneous Contingency 8,384 6,987 3,703 3, % Total Expenditures 536, , ,148 18, % Excess of Revenue Over (Under) Expenditures 0 82, ,647 22, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 82, ,647 22, % Fund Balance, Beginning of Period ,066 11, % Fund Balance, End of Period 0 82, ,713 33, % See Notes to Unaudited Financial Statements

5 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 % Total Revenues % Excess of Revenue Over (Under) Expenditures % Excess of Rev./Other Sources Over (Under) Expend./Other Uses % Fund Balance, Beginning of Period 0 125, , % Fund Balance, End of Period 0 126, , % See Notes to Unaudited Financial Statements

6 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 3,445 3, % Special Assessments Tax Roll 413, ,619 2, % Total Revenues 413, ,063 6, % Expenditures Debt Service Interest 203, ,675 (3,674) (1.80)% Principal 210, , % Total Expenditures 413, ,675 (3,674) (0.89)% Excess of Revenue Over (Under) Expenditures 0 2,388 2, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 2,388 2, % Fund Balance, Beginning of Period 0 241, , % Fund Balance, End of Period 0 243, , % See Notes to Unaudited Financial Statements

7 Easton Park CDD Investment Summary July 31, 2018 Balance as of Account Investment July 31, 2018 The Bank of Tampa Money Market Account $ 26,061 The Bank of Tampa ICS Program: SouthEast Bank Money Market Account 24 United Bank Money Market Account 26,423 Total General Fund Investments $ 52,508 The Bank of Tampa ICS Capital Reserve Program SouthEast Bank Money Market Account $ 29 United Bank Money Market Account 126,029 Total Reserve Fund Investments $ 126,058 US Bank Series 2017 Reserve Federated Government Obligation Fd #5 $ 123,746 US Bank Series 2017 Revenue Federated Government Obligation Fd #5 119,922 US Bank Series 2017 Interest Federated Government Obligation Fd #5 5 US Bank Series 2017 Sinking Fund Federated Government Obligation Fd #5 9 Total Debt Service Fund Investments $ 243,682

8 Summary A/R Ledger General Fund From 7/1/2018 Through 7/31/2018 Invoice Date Customer Name Invoice Number Current Balance 7/31/2018 Easton Park Homeowners Association of New Tampa, Inc. OMR , Total General Fund 4, Report Balance 4,159.47

9 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 Aquatic Systems, Inc. 7/1/ Quarterly Fountain Maintenance Aquatic Systems, Inc. 7/1/ Monthly Lake & Wetland 3, Services 07/18 Yellowstone Landscape 7/1/2018 INV Monthly Landscape Maintenance - 07/18 Yellowstone Landscape 7/1/2018 INV HOA Monthly Landscape Maintenance - 07/18 11, , Times Publishing Company 7/13/2018 Ad Ad /13/ Rust-Off Inc. 7/15/ Rust Prevention Maintenance 07/ Times Publishing Company 7/20/ /20/18 Legal Advertising 07/20/ Molloy & James 7/26/ General/Monthly Legal Services 06/18 & 07/ Total General Fund 18, Report Total 18,504.13

10 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. 3. For presentation purposes, the Reserves are shown in a separate fund titled Reserve Fund.