Talavera Community Development District

Transcription

1 Talavera Community Development District Financial Statements (Unaudited) August 31, 2018 Prepared by: Rizzetta & Company, Inc. talaveracdd.org rizzetta.com

2 Balance Sheet As of 8/31/2018 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 9, ,675 22, Investments 5,004 20, ,472 3, , Accounts Receivable 8, , Allowance for Uncollectible Accounts (8,268) (8,268) 0 0 Prepaid Expenses 3, , Deposits 1, , Due From Other Funds Amount Available in Debt Service ,472 Amount To Be Provided Debt Service ,221,528 Fixed Assets ,676,129 0 Total Assets 19,570 20, ,472 16, ,613 10,676,129 6,690,000 Liabilities Accounts Payable 15, , Sales Tax Payable Accrued Expenses Payable 6, , Retainage Payable Deferred Revenue Due To Other Funds Revenue Bonds Payable--Long Term ,690,000 Total Liabilities 21, , ,690,000 Fund Equity & Other Credits Beginning Fund Balance (27,228) 20, ,640 4, ,877 10,676,129 0 Net Change in Fund Balance 25, ,832 11,942 46, Total Fund Equity & Other Credits (1,778) 20, ,472 16, ,266 10,676,129 0 Total Liabilities & Fund Equity 19,570 20, ,472 16, ,613 10,676,129 6,690,000

3 Statement of Revenues and General Fund From 10/1/2017 Through 8/31/2018 Percent Annual Annual Budget YTD Budget YTD Actual YTD Variance Budget Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 202, , , (0.22)% Off Roll 234, , , % Miscellaneous Revenue Miscellaneous % Total Revenues 436, , , (0.16)% Legislative Supervisor Fees 2,657 2,436 1,317 1, % Financial & Administrative Administrative Services 4,200 3,850 3, % District Management 16,200 14,850 9,850 5, % District Engineer 15,000 13,750 8,395 5, % Disclosure Report 5,000 4,583 5,000 (417) 0.00% Trustees Fees 5,000 5,000 5,175 (175) (3.50)% Tax Collector/Property Appraiser % Assessment Roll 5,000 5,000 5, % Financial & Revenue Collections 3,600 3,300 3, % Accounting Services 16,000 14,667 14, % Auditing Services 4,000 4,000 6,200 (2,200) (55.00)% Arbitrage Rebate Calculation (142) (20.00)% Public Officials Liability Insurance 3,000 3,000 2, % Legal Advertising 2,000 1,833 2,671 (838) (33.54)% Miscellaneous Mailings (446) 0.00% Dues, Licenses & Fees % Website Hosting, Maint, Backup (and ) 1,200 1,100 1, % Legal Counsel District Counsel 15,000 13,750 16,972 (3,222) (13.14)% Electric Utility Services Utility Services 17,000 15,583 14,239 1, % Street Lights 25,000 22,917 37,354 (14,437) (49.41)% Water-Sewer Combination Services Utility Services 2,500 2,292 2,734 (443) (9.37)% Stormwater Control Lake/Pond Bank Maintenance 15,000 13,750 45,086 (31,336) (200.57)% Aquatic Maintenance 9,200 8,433 6,545 1, % Mitigation Area Monitoring & Maintenance 5,200 4,767 1,150 3, % Aquatic Plant Replacement 10,000 9,167 9,875 (708) 1.25% Stormwater System Maintenance 3,000 2, , % Other Physical Environment General Liability Insurance 3,500 3,500 2, % Property Insurance 7,500 7,500 6, % Entry & Walls Maintenance 1, % Landscape Maintenance 110, ,833 93,077 7, %

4 Statement of Revenues and General Fund From 10/1/2017 Through 8/31/2018 Percent Annual Annual Budget YTD Budget YTD Actual YTD Variance Budget Remaining Irrigation Repairs 5,000 4,583 10,249 (5,666) (104.98)% Holiday Decorations 4,000 4,000 3, % Landscape-Mulch 5,700 5,225 9,450 (4,225) (65.78)% Landscape Replacement Plants, Shrubs, Trees 7,500 6,875 25,964 (19,089) (246.19)% Rust Prevention 4,000 3, , % Field Services 6,000 5,500 5, % Parks & Recreation Management Contract 15,000 13,750 10,330 3, % Pool Service Contract 12,600 11,550 11, % Pool Permits % Pest Control % Telephone, Fax, Internet 1, % Cable Television & Internet 1,800 1, , % Clubhouse-Facility Janitorial Service 7,200 6,600 7,890 (1,290) (9.58)% Facility A/C & Heating Maintenance & Repair 1, % Pool Repairs 2,000 1, , % Maintenance & Repair 2,500 2,292 4,896 (2,605) (95.85)% Access Control Maintenance & Repair 1,500 1, , % Clubhouse Miscellaneous Expense 1, % Dog Waste Station Supplies 2,500 2,292 1, % Security System Monitoring & Maintenance 8,000 7, , % Office Supplies 1,500 1, , % Contingency Miscellaneous Contingency 10,000 9,167 3,709 5, % Capital Outlay 30,000 27,500 26, % Total 438, , ,372 (26,462) 1.69% Other Financing Sources Interfund Transfer ,000 20, % Carry Forward Fund Balance 2,657 2,657 0 (2,657) % Total Other Financing Sources 2,657 2,657 20,000 17,343 (652.73)% Excess Revenues Over/(Under) 0 33,871 25,450 (8,422) 0.00% Fund Balance, Beginning of Period 0 0 (27,228) (27,228) 0.00% Fund Balance, End of Period 0 33,871 (1,778) (35,649) 0.00%

5 Statement of Revenues and Reserve Fund From 10/1/2017 Through 8/31/2018 Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 20,000 20, % Total Revenues 20,000 20, % Contingency Capital Reserves 20, , % Total 20, , % Excess of Revenues Over/(Under) 0 20,165 20, % Other Financing Sources (Uses) Interfund Transfer 0 (20,000) (20,000) 0.00% Exc. Of Rev./Other Sources Over/(Under) Expend./Other Uses % Fund Balance, Beginning of Period 0 20,000 20, % Fund Balance, End of Period 0 20,165 20, %

6 Statement of Revenues and Debt Service Fund From 10/1/2017 Through 8/31/2018 Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 4,420 4, % Special Assessments Tax Roll 288, ,975 (43,926) (15.20)% Off Roll 216, ,450 (0) 0.00% Total Revenues 505, ,845 (39,506) (7.82)% Debt Service Interest 460, ,013 48, % Principal 45,000 45, % Total 505, ,013 48, % Excess of Revenues Over/(Under) 0 8,832 8, % Exc. Of Rev./Other Sources Over/(Under) Expend./Other Uses 0 8,832 8, % Fund Balance, Beginning of Period 0 459, , % Fund Balance, End of Period 0 468, , %

7 Statement of Revenues and Capital Projects Fund From 10/1/2017 Through 8/31/2018 Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Total Revenues % Excess of Revenues Over/(Under) % Other Financing Sources (Uses) Prior Period AP Credits 0 11,907 11, % Exc. Of Rev./Other Sources Over/(Under) Expend./Other Uses 0 11,942 11, % Fund Balance, Beginning of Period 0 4,465 4, % Fund Balance, End of Period 0 16,406 16, %

8 Talavera CDD Investment Summary August 31, 2018 Balance as of Account Investment August 31, 2018 The Bank of Tampa Money Market $ 5,004 Total General Fund Investments $ 5,004 The Bank of Tampa ICS Capital Reserve: BOKF, National Association Money Market $ 20,165 Total Reserve Fund Investments $ 20,165 US Bank Series 2016 A1 Reserve Money Market Account - Managed $ 122,091 US Bank Series 2016 A3 Reserve Money Market Account - Managed 130,244 US Bank Series 2016 A1 Revenue Money Market Account - Managed 105,297 US Bank Series 2016 A3 Revenue Money Market Account - Managed 110,840 Total Debt Service Fund Investments $ 468,472 US Bank Series 2016 A1 Construction Money Market Account - Managed $ 2,008 US Bank Series 2016 A3 Construction Money Market Account - Managed 1,723 Total Capital Project Fund Investments $ 3,731

9 Summary A/R Ledger General Fund From 8/1/2018 Through 8/31/2018 Invoice Date Customer Name Invoice Number Current Balance 9/30/2017 MI Homes of Tampa LLC ARB121 8, Total General Fund 8, Report Balance 8,267.71

10 Aged Payables by Invoice Date Aging Date - 7/1/ General Fund From 7/1/2018 Through 8/31/2018 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Securiteam, Inc. 7/18/ Balance Due on Security System Installation 07/18 13, Rust Off Inc. 7/27/ Chemical for Rust Control 07/18 Stantec Consulting Services, Inc. GEC Services LLC dba Office Pride 8/7/ Engineering Services 07/ /22/2018 RC Janitorial Services 08/ Burr & Forman, LLP 8/23/ General Legal Services 07/18 Rust Off Inc. 8/28/ Chemical for Rust Control 08/18 Tampa Poop 911 LLC 8/30/ Weekly Cleaning 5 Pet Waste Stations 08/ Total General Fund 15, Report Total 15,246.13

11 Notes to Unaudited Financial Statements August 31, 2018 Balance Sheet 1. Trust statement activity has been recorded through 08/31/ 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.