Grand Hampton Community Development District

Transcription

1 Grand Hampton Community Development District Financial Statements (Unaudited) October 31, 2018 Prepared by: Rizzetta & Company, Inc. grandhamptoncdd.org rizzetta.com

2 Balance Sheet As of 10/31/2018 (In Whole Numbers) Total Governmental General Fund Reserve Fund Debt Service Fund Funds General Fixed Assets Group General Long Term Debt Group Assets Cash In Bank 71, , Investments 84, , , Investments - Reserves 0 434, , Accounts Receivable 199,318 12, ,855 1,081, Prepaid Expenses Due From Other Funds 0 0 5,813 5, Amount Available-Debt Service ,419,340 Amount To Be Provided Debt ,900,660 Service Fixed Assets ,535,006 0 Total Assets 355, ,484 1,419,340 2,222,267 10,535,006 10,320,000 Liabilities Accounts Payable Accrued Expenses Payable 2, , Due To Developer Due To Other Funds 5, , Revenue Bonds ,320,000 Payable-Long-Term Total Liabilities 7, , ,320,000 Fund Equity And Other Credits Beginning Fund Balance 175, , ,871 1,152,449 10,535,006 0 Net Change in Fund Balance 172,580 12, ,469 1,062, Total Fund Equity And Other Credits 347, ,484 1,419,340 2,214,454 10,535,006 0 Total Liabilities And Fund Equity 355, ,484 1,419,340 2,222,267 10,535,006 10,320,000

3 Statement of Revenues and General Fund (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings (16) 94.93% Special Assessments Tax Roll 199, , ,735 1,417 (0.71)% Total Revenues 199, , ,760 1,401 (0.47)% Legislative Supervisor Fees 10,000 1, % Financial & Administrative Administrative Services 4, % District Management 21,939 1,828 1, % District Engineer 10, ,000 (167) 90.00% Disclosure Report 1, % Trustees Fees 6,500 3,713 3, % Assessment Roll 5,000 5,000 5, % Financial & Revenue Collections 5, % Accounting Services 14,500 1,208 1, % Auditing Services 3, % Public Officials Liability 3,025 3,025 2, % Insurance Legal Advertising % Dues, Licenses & Fees % Miscellaneous Fees % Website Hosting, Maintenance, 1, % Backup Legal Counsel District Counsel 10, % Stormwater Control Aquatic Maintenance 41,040 3,420 3, % Lake/Pond Bank Maintenance 25,000 2, , % Aquatic Plant Replacement 10, % Miscellaneous Expense % Stormwater System Maintenance 5, % Other Physical Environment Property Insurance % General Liability Insurance 2,750 2,750 2, % Landscape Maintenance 1, ,150 (3,067) (215.00)% Parks & Recreation

4 Statement of Revenues and General Fund (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Management Contract 15,000 1,250 1, % Contingency Miscellaneous Contingency 2, % Total 199,818 29,925 28,180 1, % Excess of Revenue Over (Under) 0 169, ,580 3, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 169, ,580 3, % Fund Balance, Beginning of Period , , % Fund Balance, End of Period 0 169, , , %

5 Statement of Revenues and Reserve Fund (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 12,717 12, % Total Revenues 12,717 12, % Contingency Capital Outlay 100, , % Capital Reserves 12, , % Total 112, , % Excess of Revenues Over (Under) (100,000) 12, ,955 (112.95)% Other Financing Sources (Uses) Prior Year 100,000 0 (100,000) (100.00)% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 12,955 12, % Fund Balance, Beginning of Period 0 434, , % Fund Balance, End of Period 0 447, , %

6 Statement of Revenues and Debt Service Fund Series 2014 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 636, ,909 4, % Total Revenues 636, ,553 4, % Debt Service Interest 321, , % Principal 315, , % Total 636, , % Excess of Revenues Over (Under) 0 641, , % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 641, , % Fund Balance, Beginning of Period 0 421, , % Fund Balance, End of Period 0 1,062,645 1,062, %

7 Statement of Revenues and Debt Service Fund Series 2016 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 233, ,759 1, % Total Revenues 233, ,916 1, % Debt Service Interest 108, , % Principal 125, , % Total 233, , % Excess of Revenues Over (Under) 0 234, , % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 234, , % Fund Balance, Beginning of Period 0 121, , % Fund Balance, End of Period 0 356, , %

8 Grand Hampton CDD Investment Summary October 31, 2018 Balance as of Account Investment January 0, 1900 The Bank of Tampa Money Market Account $ 83,943 The Bank of Tampa ICS Program: The Huntington National Bank Money Market Account 634 Total General Fund Investments $ 84,577 The Bank of Tampa Capital Reserve ICS Program: The Huntington National Bank Money Market Account $ 188,715 Hancock Bank Money Market Account 246,052 Total Reserve Fund Investments $ 434,767 US Bank Series 2014 Reserve First American Treasury Obligation Fund Class Z $ 222,771 US Bank Series 2014 Revenue First American Treasury Obligation Fund Class Z 198,884 US Bank Series 2014 Prepayment First American Treasury Obligation Fund Class Z 82 US Bank Series 2016 Reserve First American Treasury Obligation Fund Class Y 58,300 US Bank Series 2016 Revenue First American Treasury Obligation Fund Class Y 63,636 Total Debt Service Fund Investments $ 543,673

9 Summary A/R Ledger General Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total General Fund 199,318.12

10 Summary A/R Ledger Reserve Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total Reserve Fund 12,717.00

11 Summary A/R Ledger Debt Service Fund Series 2014 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total Debt Service Fund Series ,654.00

12 Summary A/R Ledger Debt Service Fund Series 2016 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total Debt Service Fund Series , Report Balance 1,081,889.75

13 Notes to Unaudited Financial Statements October 31, 2018 Balance Sheet 1. Trust statement activity has been recorded through 10/31/ 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.