Fishhawk Community Development District

Transcription

1 Fishhawk Community Development District Financial Statements (Unaudited) September 30, 2018 Prepared by: Rizzetta & Company, Inc. fishhawkcdd.org rizzetta.com

2 Balance Sheet As of 9/30/2018 (In Whole Numbers) Debt Service General Fund Reserve Fund Fund--Series 2004 Total Governmental Funds General Fixed Assets Account Group Assets Cash In Bank 42, ,006 0 Investments 142, ,923 0 Investments - Reserves 0 1,731, ,731,560 0 Accounts Receivable Accounts Receivable - Other Prepaid Expenses 19, ,542 0 Deposits 19, ,902 0 Due from Fishhawk II/Fishhawk III 3, ,010 0 Due from Others Due from Other Funds Amount Required for Debt Service Amount To Be Provided Debt Service Fixed Assets ,618,450 Total Assets 227,612 1,731, ,959,172 2,618,450 Liabilities Accounts Payable 38, ,100 0 Accrued Expenses Payable 6, ,600 0 Due to Fishhawk II/Fishhawk III Due to Other Funds Other Current Liabilities Revenue Bonds Payable--Long-Term Total Liabilities 45, ,886 0 Fund Equity & Other Credits Beginning Fund Balance 245,028 1,714, ,028 2,217,041 2,618,450 Net Change in Fund Balance (63,303) 16,575 (257,028) (303,756) 0 Total Fund Equity & Other Credits 181,725 1,731, ,913,285 2,618,450 Total Liabilities & Fund Equity 227,612 1,731, ,959,172 2,618,450 See Notes to Unaudited Financial Statements

3 Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 9/30/2018 (In Whole Numbers) Percent Annual Annual Budget YTD Budget YTD Actual YTD Variance Budget Remaining Revenues Interest Earnings Interest Earnings 0 0 2,240 2, % Special Assessments Tax Roll 1,300,070 1,300,070 1,315,958 15,888 (1.22)% Other Miscellaneous Revenues Miscellaneous % Facilities Rentals 11,000 11,000 9,416 (1,584) 14.39% Landscape Maintenance 8,305 8,305 8,280 (25) 0.30% Reimbursement Club Revenues Merchandise 3,000 3,000 3, (28.88)% Leagues, Classes & Lessons 3,000 3,000 3, (24.85)% Total Revenues 1,325,375 1,325,375 1,344,021 18,646 (1.41)% Expenditures Legislative Supervisors Fees 12,000 12,000 10,600 1, % Financial & Administrative Administrative Services 9,700 9,700 9, % District Management 43,800 43,800 45,171 (1,371) (3.12)% District Engineer 15,000 15,000 3,251 11, % Disclosure Report 1,000 1,000 1, % Trustees Fees 3,800 3,800 2,200 1, % Assessment Roll 5,000 5,000 5, % Financial & Revenue Collections 5,000 5,000 5,000 (0) 0.00% Accounting Services 18,750 18,750 18, % Auditing Services 3,500 3,500 3,523 (23) (0.65)% Arbitrage Rebate Calculation % Public Official Liability Insurance 4,125 4,125 3, % Legal Advertising 1,000 1,000 1,365 (365) (36.50)% Dues, Licenses & Fees (277) (158.12)% Miscellaneous Fees - Meeting 3,600 3,600 2,390 1, % Expenses Website Hosting, Maintenance, 2,100 2,100 2, % Backup ( ) Legal Counsel District Counsel 15,000 15,000 20,155 (5,155) (34.36)% Special Legal Services Independent Counsel 40,000 40, , % Law Enforcement Deputy 20,000 20,000 15,760 4, % Security Operations Security Services and Patrols 23,000 23,000 22, % Security Monitoring Services 1,200 1, % Electric Utility Services Utility Services 50,000 50,000 53,307 (3,307) (6.61)% Street Lights 65,000 65,000 86,489 (21,489) (33.05)% Garbage/Solid Waste Control Services Garbage - Recreation Facility 2,400 2,400 2, % See Notes to Unaudited Financial Statements

4 Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 9/30/2018 (In Whole Numbers) Percent Annual Annual Budget YTD Budget YTD Actual YTD Variance Budget Remaining Water - Sewer Combination Services Utility Services 20,000 20,000 21,461 (1,461) (7.30)% Stormwater Control Aquatic Maintenance 46,800 46,800 51,044 (4,244) (9.06)% Aquatic Plant Replacement 1,000 1,000 3,742 (2,742) (274.20)% Fountain Service Repairs & 4,000 4,000 3, % Maintenance Other Physical Environment General Liability Insurance 4,675 4,675 4,884 (209) (4.47)% Property Insurance 12,696 12,696 10,908 1, % Entry & Walls Maintenance ,900 (2,400) (480.06)% Landscape Maintenance 235, , ,149 (17,369) (7.36)% Irrigation Maintenance 39,600 39,600 39,845 (245) (0.61)% Irrigation Repairs 10,000 10,000 15,088 (5,088) (50.88)% Landscape Replacement Plants, 60,000 60, ,395 (48,395) (80.65)% Shrubs, Trees Landscape - Mulch 34,860 34,860 14,490 20, % Field Services 6,000 6,000 6, % Road & Street Facilities Street Sign Repair & Replacement 3,000 3,000 1,022 1, % Parks & Recreation Management Contract 232, , , % Maintenance & Repair 15,000 15,000 37,266 (22,266) (148.43)% Facility Supplies 15,000 15,000 11,177 3, % Vehicle Maintenance 5,000 5,000 5,773 (773) (15.45)% Fitness Equipment Maintenance & 6,000 6,000 3,142 2, % Repairs Pest Control 1,400 1,400 1, % Clubhouse - Facility Janitorial 15,000 15,000 14, % Service Clubhouse - Facility Janitorial 8,000 8,000 10,127 (2,127) (26.59)% Supplies Facility A/C & Heating Maintenance 3,000 3,000 1,851 1, % & Repair Computer Support, Maintenance & 3,000 3,000 2, % Repair Pool Permits 1,000 1, % Trail/Bike Path Maintenance 5,000 5,000 8,267 (3,267) (65.34)% Pool Service Contract 25,450 25,450 26,650 (1,200) (4.71)% Pool Repairs 8,000 8,000 15,793 (7,793) (97.41)% Cable Television & Internet 6,000 6,000 5, % Access Control Maintenance & 4,000 4,000 8,696 (4,696) (117.38)% Repair Athletic/Park Court/Field Repairs 8,000 8,000 5,719 2, % Wildlife Management Services 10,930 10,930 7,985 2, % Contingency Capital Outlay 100, ,000 34,794 65, % Miscellaneous Contingency 29,000 29, ,037 (100,037) (344.95)% Total Expenditures 1,325,375 1,325,375 1,416,160 (90,785) (6.85)% See Notes to Unaudited Financial Statements

5 Statement of Revenues and Expenditures General Fund From 10/1/2017 Through 9/30/2018 (In Whole Numbers) Percent Annual Annual Budget YTD Budget YTD Actual YTD Variance Budget Remaining Excess of Revenue Over (Under) Expenditures 0 0 (72,139) (72,139) 0.00% Other Financing Sources (Uses) Interfund Transfer 0 0 8,837 8, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 0 (63,303) (63,303) 0.00% Fund Balance, Beginning of Period , , % Fund Balance, End of Period , , % See Notes to Unaudited Financial Statements

6 Statement of Revenues and Expenditures Reserve Fund From 10/1/2017 Through 9/30/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 15,204 15, % Special Assessments Tax Roll 75,580 75, % Total Revenues 75,580 90,784 15, % Expenditures Contingency Capital Reserves 75,580 74,209 1, % Total Expenditures 75,580 74,209 1, % Excess of Revenue Over (Under) Expenditures 0 16,575 16, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 16,575 16, % Fund Balance, Beginning of Period 0 1,714,985 1,714, % Fund Balance, End of Period 0 1,731,560 1,731, % See Notes to Unaudited Financial Statements

7 Statement of Revenues and Expenditures Debt Service Fund--Series 2004 From 10/1/2017 Through 9/30/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 4,226 4, % Special Assessments Tax Roll 559, ,270 4, % Total Revenues 559, ,496 8, % Expenditures Debt Service Interest 0 40,688 (40,688) 0.00% Principal 559, ,000 (215,806) (38.59)% Total Expenditures 559, ,688 (256,494) (45.87)% Excess of Revenue Over (Under) Expenditures 0 (248,192) (248,192) 0.00% Other Financing Sources (Uses) Interfund Transfer 0 (8,837) (8,837) 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 (257,028) (257,028) 0.00% Fund Balance, Beginning of Period 0 257, , % Fund Balance, End of Period % See Notes to Unaudited Financial Statements

8 Fishhawk CDD Investment Summary September 30, 2018 Balance as of Account Investment September 30, 2018 The Bank of Tampa Money Market Business Money Market $ 83,503 The Bank of Tampa ICS Program: Flushing Bank Business Money Market 8 Western Alliance Bank Business Money Market 59,412 Total General Fund Investments $ 142,923 The Bank of Tampa ICS Program: EagleBank Business Money Market $ 245,212 First Tennessee Bank Natl Assn Business Money Market 74,597 Flushing Bank Business Money Market 245,105 Legacy Texas Bank Business Money Market 21 Morton Community Bank Business Money Market 245,212 Pinnacle Bank Business Money Market 21 The Huntington National Bank Business Money Market 245,190 The Park National Bank Business Money Market 245,190 United Bank Business Money Market 245,212 Western Alliance Bank Business Money Market 185,800 Total Reserve Fund Investments $ 1,731,560

9 Summary A/R Ledger General Fund From 9/1/2018 Through 9/30/2018 Invoice Date Customer Name Invoice Number Current Balance 9/30/2018 Fishhawk Ranch HOA OM Total General Fund Report Balance

10 Aged Payables by Due Date Aging Date - 4/1/ General Fund From 9/1/2018 Through 9/30/2018 Current Vendor Name Invoice Date Invoice Number Invoice Description Balance Cover Up Awning Company 4/17/ Balance Awning Re-Cover - 50% Balance 04/18 3, Petitt Worrell Rocha Sheppard PLLC 8/14/ Maintenance Supplies 08/ /16/ Maintenance Supplies 08/ /16/ Maintenance Supplies 08/ /16/ Maintenance Supplies 08/ /16/ Maintenance Supplies 08/ /17/ Maintenance Supplies 08/ /20/ Maintenance Supplies 08/ /20/ Maintenance Supplies 08/ /21/ Maintenance Supplies 08/ /23/ Maintenance Supplies 08/ /24/ Maintenance Supplies 08/ /24/ Maintenance Supplies 08/ /27/ Maintenance Supplies 08/ /1/ Legal Services 05/18 1, Tampa Electric Company 9/4/ /18 Summary Bill 08/18 10, First Coast Security, Inc. 9/17/2018 JC23817 Security 09/10/18-09/16/18 Split w/fh2&3 WHITTCO Industrial Supplies LLC 9/18/ Dog Station Bags 09/ Gem Supply Co., Inc. 9/20/ Janitorial Supplies split w/fh2 09/ Gem Supply Co., Inc. 9/20/ Janitorial Supplies split w/fh2 09/ FitRev, Inc. 9/20/ Gym Maintenance 09/ /21/ Maintenance Supplies 09/ Finn Outdoor, LLC 9/21/ Herbicide Treatment for Conograss 09/18 1, Times Publishing Company 9/21/ /21/18 Legal Advertising 09/

11 Aged Payables by Due Date Aging Date - 4/1/ General Fund From 9/1/2018 Through 9/30/2018 Current Vendor Name Invoice Date Invoice Number Invoice Description Balance Gem Supply Co., Inc. 9/24/ Janitorial Supplies split w/fh2 09/ First Coast Security, Inc. 9/24/2018 JC23941 Security 09/17/18-09/23/18 Split w/fh2&3 Creative Mailbox Designs, LLC 9/24/ Signs 09/ Michael Davis 9/25/2018 MD Off Duty 09/22/18 - Split w/ FH2 & FH Danielle Fence MFG Co. Inc 9/25/ Deposit Roller Hockey Court Fencing 50% Deposit David Lee Frye 9/25/2018 DF Off Duty 09/21/18 - Split w/ FH2 & FH3 Edgardo Cruz 9/25/2018 EC Off Duty 09/20/18 - Split w/ FH2 & FH Tampa Electric Company 9/26/2018 Summary 09/18 Summary Bill 09/18 1, Michael Davis 9/28/2018 MD Off Duty 09/28/18 - Split w/ FH2 & FH3 Michael Davis 9/29/2018 MD Off Duty 09/29/18 - Split w/ FH2 & FH Florida Department of Revenue 9/30/2018 Sales Tax 09/18 Sales Tax for Activities & Rentals 09/ Capital Land Management Corporation 9/30/ Fertilizer 09/18 2, First Coast Security, Inc. 10/1/2018 JC23961 Security 09/01-09/30/18 Split w/fh2 & 3 First Coast Security, Inc. 10/1/2018 JC24084 Security 09/24/18-09/30/18 Split w/fh2& Gem Supply Co., Inc. 10/2/ Janitorial Supplies split w/fh2 09/ Brown & Bigelow, Inc. 10/3/ Lanyards 09/ Petitt Worrell Rocha 10/4/ Legal Services 06/18 2, Sheppard PLLC Tampa Electric Company 10/5/ /18 Summary Bill 09/18 10, Total General Fund 38, Report Total 38,100.17

12 Notes to Unaudited Financial Statements September 30, 2018 Balance Sheet 1. Trust statement activity has been recorded through 09/30/ 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.