Venetian Community Development District

Transcription

1 Venetian Community Development District Financial Statements (Unaudited) November 3, 218 Prepared by: Rizzetta & Company, Inc. venetiancdd.org rizzetta.com

2 Balance Sheet As of 11/3/218 (In Whole Numbers) General Fund Assets Cash In Bank Investments Investments - Reserves Accounts Receivable Accounts Receivable - Other Interest & Dividents Receivable Advances to Vision Prepaid Expenses and Inventory Deposits Due From Other Funds Amount Available for Debt Service Amount To Be Provided Debt Service Fixed Assets Total Assets Reserve Fund Debt Service Fund River Club Fund River Club Reserve Fund Total Governmental Funds General Fixed Assets Account Group General Long-Term Debt Account Group 935,58 68,795 1,113,249 2,15 18,124 2,137, ,42 544,96 1,142,498 1,661, ,336 2,63, ,672 1,4,66 23,565 (13,581) 31,94 2,235 31,23 1,845,64 372,72 16,7 415, ,188 1,395,18 1,73,22 971,122 3,283,351 23,565 (13,581) 34,54 2,359 1,261,66 8,75,336 24,168,958 24,168,958 2,63,761 13,954,239 16,585, Liabilities Accounts Payable Accrued Expenses Payable Other Current Liabilities Deposits Due To Other Funds Revenue Bonds Payable--Long Term Total Liabilities 144, , , , ,344 38,124 7,45 45, , , , ,344 7,45 927,722 1,45,81 16,585, 16,585, Fund Equity & Other Credits Beginning Fund Balance Net Change in Fund Balance Total Fund Equity & Other Credits 253,361 1,145,917 1,399,278 67,867 21,287 89,154 1,69,794 1,2,967 2,63,761 48,843 1,318,647 1,799,49 371,76 244,84 615,844 3,323,625 3,93,92 7,254,527 24,168,958 24,168,958 Total Liabilities & Fund Equity 2,137,826 1,142,498 2,63,761 1,845,64 949,188 8,75,336 24,168,958 16,585, 2

3 Statement of Revenues and 1 - General Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Annual Revenues Interest Earnings Interest Earnings Special Assessments Tax Roll Other Miscellaneous Revenues Transponder Revenue Total Revenues Legislative Supervisor Fees Financial & Administrative Administrative Services District Management District Engineer Disclosure Report Trustees Fees Assessment Roll Financial & Revenue Collections Accounting Services Auditing Services Arbitrage Rebate Calculation Public Officials Liability Insurance Legal Advertising Dues, Licenses & Fees Miscellaneous Fees Website Hosting, Maintenance, Backup (and ) Miscellaneous Mailings Legal Counsel District Counsel Outside Counsel Security Operations Security Services & Patrols Guard & Gate Facility Maintenance Gate Transponders-RFID Electric Utility Services Utility Services Water-Sewer Combination Services Utility Services-Effluent & Guardhouse Stormwater Control Percent Annual Remaining YTD YTD Actual YTD Variance 2, (185) 92.59% 1,473,476 1,473,476 1,473,48 4.% 2,5 1,477, ,474,226 1,15 1,474, %.22% 8,6 1,433 1,9 (467) 77.9% 6, 33,4 3, 1,5 4,611 5, 5, 21,792 6, 5 3,3 2, ,5 1, 5,567 5, 4,611 5, 833 3,632 3, ,25 1, 5,431 7,538 2,788 5, 833 3,632 2, , (2,538) 1, (7) 83.33% 83.73% 74.87% 1.% 39.54%.% 83.33% 83.33% 1.% 1.% 24.24% 86.73%.% 82.% 83.33% 2, % 72, 1, 12, 1,667 19,261 (7,261) 1, % 1.% 288,548 8,626 3,75 48,91 1, ,551 3, (6,459) (1,966) % 6.54% 94.33% 27,1 4,52 4,959 (458) 81.63% 12, 2, 1, % 3

4 Statement of Revenues and 1 - General Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Annual YTD YTD Actual YTD Variance Percent Annual Remaining Aquatic Maintenance Fountain Service Repairs & Maintenance 44,572 4,8 7, , , % 91.97% Lake/Pond Bank Maintenance Mitigation Area Monitoring & Maintenance 5, 33, ,659 2,274 8,489 (1,441) (2,83) 54.52% 75.% 7, 1,167 1,167 1.% 4, 174,881 4,224 4,95 2,862 35,94 16, 7, 4, 7, , ,95 2,862 58,349 2,667 1,167 4, 1,167 1,355 24, , 3,391 51,67 2,15 4,315 (688) 4, (5) (529) 7,282 2,667 1,167 1,85 (3,148) 66.12% 86.14% 92.25% (1.1)% (18.48)% 85.41% 1.% 1.% 46.25% 38.35% Landscape-Pest Control/OTC Injections 22,14 3,69 6,59 (2,9) 7.23% Landscape - Pinestraw Landscape - Flower Program Landscape - Miscellaneous Landscape - Mulch Field Services General Repairs & Maintenance Road & Street Facilities Street/Parking Lot Sweeping Street Light Decorative Light Maintenance 25, 33, 4, 65, 8,4 1,393 4,167 5, ,833 1,4 1,732 11,56 1,925 61,38 1,6 4,145 4,167 (5,556) (1,258) (5,475) (2) (2,413) 1.% 66.49% 51.87% 5.68% 8.95% 6.11% 4,74 4, % 85.19% Roadway Repair & Maintenance Street Sign Repair & Replacement Contingency Non-Recurring Expenses Total 15, 1, 2,5 1,667 2,5 1,667 1.% 1.% 46,152 1,477,976 7, ,744 15, ,861 (7,766) (63,117) 66.5% 77.75% Excess of Revenues Over (Under) 1,28,482 1,145,917 (62,565).% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 1,28,482 1,145,917 (62,565).% Stormwater System Maintenance Other Physical Environment Office & Administration Staff Salaries/Payroll Telephone, Fax, Internet General Liability Insurance Property Insurance Landscape Maintenance Irrigation Repairs Irrigation Maintenance Holiday Decorations Landscape Replacement Plants, Shrubs & Trees 4

5 Statement of Revenues and 1 - General Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Annual Percent Annual Remaining YTD YTD Actual YTD Variance 253, ,361.% 1,28,482 1,399,278 19,796.% Fund Balance, Beginning of Period Fund Balance, End of Period 5

6 Statement of Revenues and 5 - Reserve Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Current Period Actual Annual To Actual Variance Percent Remaining Revenues Interest Earnings Interest Earnings Special Assessments Tax Roll Total Revenues 1,214 1,214.% 21,755 21,755 21, ,967 (3) 1,212.%.57% Contingency Capital Reserve Total 21,755 21,755 11,47 11,47 199,78 199, % 94.76% 2,92 2,92.% % 21,287 21,287.% 67,867 67,867.% 89,154 89,154.% Excess of Revenues Over (Under) Other Financing Sources (Uses) Unrealized Gain/Loss on Investments Exc. of Rev./Other Sources Over (Under) Expend./Other Uses Fund Balance, Beginning of Period Fund Balance, End of Period 6

7 Statement of Revenues and 2 - Debt Service Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Current Period Actual Annual To Actual Variance Percent Remaining Revenues Interest Earnings Interest Earnings Special Assessments Tax Roll Total Revenues 11,851 11,851.% 1,467,681 1,467,681 1,466,56 1,478,357 (1,175) 1,676 (.8)%.73% Debt Service Payments Interest Principal Total 92, , 1,467, , , , , 1,1, % 1.% 68.84% Excess of Revenues Over (Under) 1,2,967 1,2,967.% Exc. of Rev./Other Sources Over (Under) Expend./Other Uses 1,2,967 1,2,967.% 1,69,794 1,69,794.% 2,63,761 2,63,761.% Fund Balance, Beginning of Period Fund Balance, End of Period 7

8 Statement of Revenues and 4 - River Club Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Annual Revenues Special Assessments Tax Roll Amenity Center Revenue Administration Restaurant Revenue Total Revenues Cost of Goods Tennis Cost of Sales Restaurant Cost of Sales Salaries and Benefits Salaries and Wages Lessons-Fitness Employee Benefits Employee Education & Training Contract Services Repairs and Maintenance Chemicals Shop & Hand Tools Landscape Materials Sod & Seed Repairs & Maintenance-Equipment Maintenance Contracts Building Maintenance Office Expense Printing Postage Telephone Office Supplies Operating Expense Employee Meals Meals & Entertainment Equipment Replacement Licenses and Fees Travel Sanitation Disposal Utility - Water & Sewer Electricity Gas, Diesel Fuel and Oil Equipment Rental Percent Annual Remaining YTD YTD Actual YTD Variance 1,573,516 1,573,516 1,573,513 (3).% 5, 763, 2,386,516 8, ,167 1,79,16 9, ,79 1,719,5 1,125 8,912 1, % 82.16% 27.97% 8,476 35,2 1,413 5, , % 83.35% 847,271 24,94 334,644 2, 2,5 141,212 4,151 55, ,417 13,136 3,94 47,28 3,36 11, , % 84.32% 85.87% 1.% 83.6% 6, 1,1 1, 2,5 32, 149,316 21, 1, 183 1, ,333 24,886 3, ,23 31, (64) 1, (1,69) (6,934) 3, % 77.54% 1.% 84.56% 49.92% 78.68% 97.96% 1, 9 14,4 5, , ,492 1, (92) (367) 95.6% 91.88% 82.69% 76.65% 22, , 13,15 1,5 9,5 54,5 81, 1,5 15,5 3, ,5 2, ,583 9,83 13,5 1,75 2,583 4, , ,29 9,164 13,829 1,621 1,181 (678) (15) 3 1,875 (76) 293 (81) (329) 129 1, % 78.33% 83.34% 97.74% 36.26% 86.42% 83.18% 82.92% 84.56% 92.38% 8

9 Statement of Revenues and 4 - River Club Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Annual Percent Annual Remaining YTD YTD Actual YTD Variance 3,5 48, 3,5 5, 19,5 22,5 14, , 5, ,25 3,75 2,417 1,175 6,698 3,152 2,916 2,943 5,96 (592) 1,32 1, (3,543) 66.42% 86.4% 89.66% 1.% 85.4% 86.92% 58.89% 1, % 15,5 1, 72, 4, 21,54 24,5 1, 21,28 2, , ,54 4, ,547 5,15 12, ,691 1, ,74 (2,567) (151) 2, , % 1.% 83.33% 86.2% (.7)% 94.6% 87.9% 9.25% 65,344 2,386,516 1, ,73 8,284 4,43 2,67 15, % 83.22% Excess of Revenues Over (Under) 1,293,313 1,318,647 25,334.% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 1,293,313 1,318,647 25,334.% 48,843 48,843.% 1,293,313 1,799,49 56,176.% Personnel Supplies Laundry Music & Entertainment China, Glass, Silver Paper/Plastic Operating Supplies Decorations Legal & Professional Legal Fees Other Administrative Cost Com Related Promotion/Security Bad Debt Expense Management Fee Employee Relations Insurance Misc Expense/Credit Card Fees Dues & Subscriptions Amenities Marketing Contingency Non-Recurring Expenses Total Fund Balance, Beginning of Period Fund Balance, End of Period 9

10 Statement of Revenues and 45 - River Club Reserve Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Current Period Actual Annual Revenues Interest Earnings Interest Earnings Special Assessments Tax Roll Total Revenues To Actual Variance Percent Remaining % 243, , , ,99 (12) 964.%.4% 15 (15).% 243, , , ,12 1.% 99.99% Excess of Revenues Over (Under) 244,84 244,84.% Exc. of Rev./Other Sources Over (Under) Expend./Other Uses 244,84 244,84.% 371,76 371,76.% 615, ,844.% Financial & Administrative Bank Fees Contingency Capital Reserve Total Fund Balance, Beginning of Period Fund Balance, End of Period 1

11 Venetian CDD Investment Summary November 3, 218 Balance as of Account Investment November 3, 218 The Bank of Tampa Money Market -.3% Interest $ 39,345 The Bank of Tampa ICS Program: Money Market - 1.5% Interest Flushing Bank Money Market 29,45 Total General Fund Investments $ 68,795 Fidelity Investments Money Market % Interest $ 11,656 Fidelity Investments US Treasury Bills -Zero Coupon Maturity dtd 12/27/18 224,669 Fidelity Subtotal 326,325 The Bank of Tampa ICS Program: Money Market - 1.5% Interest Flushing Bank Money Market 173,353 The Huntington National Bank Money Market 71 United Bank Money Market 97,855 SunTrust Bank Money Market 798 Total Reserve Fund Investments $ 598,42 US Bank Series 212 Revenue First American Government Obligation Fund Class Y $ 666,88 US Bank Series 212 Interest First American Government Obligation Fund Class Y 2 US Bank Series 212 Reserve First American Government Obligation Fund Class Y 2,984 US Bank Series 212 Reserve US Treasury Notes % Principal Coupon Moody's AAA Maturity dtd 4/3/19 953,158 US Bank Series 212 Prepayment First American Government Obligation Fund Class Y 38,473 Total Debt Service Fund Investments $ 1,661,425 First Tennessee Bank Money Market % Interest $ 225,229 The Bank of Tampa ICS Program: Money Market - 1.5% Interest Flushing Bank Money Market 18 United Bank Money Market 147,383 Total River Club Reserve Fund Investments $ 372,72 11

12 Summary A/R Ledger 1 - General Fund From 11/1/218 Through 11/3/218 Invoice Date 1/1/218 Customer Name Invoice Number Current Balance Sarasota County Tax Collector FY ,113,249.6 Total 1 - General Fund 1,113,

13 Summary A/R Ledger 2 - Debt Service Fund From 11/1/218 Through 11/3/218 Invoice Date 1/1/218 Customer Name Invoice Number Current Balance Sarasota County Tax Collector FY ,336.4 Total 2 - Debt Service Fund 969,

14 Summary A/R Ledger 4 - River Club Fund From 11/1/218 Through 11/3/218 Invoice Date 1/1/218 Customer Name Invoice Number Current Balance Sarasota County Tax Collector FY ,4,65.61 Total 4 - River Club Fund 1,4,

15 Summary A/R Ledger 45 - River Club Reserve Fund From 11/1/218 Through 11/3/218 Invoice Date 1/1/218 Customer Name Invoice Number Current Balance Sarasota County Tax Collector FY ,7.47 Total 45 - River Club Reserve Fund 16,7.47 Report Balance 3,283,

16 Aged Payables by Invoice Date Aging Date - 1/1/ General Fund From 11/1/218 Through 11/3/218 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance David Lusty 1/8/218 DL1818 BOS Meeting 1/8/18 1. Harry Orenstein 1/8/218 HO1818 BOS Meeting 1/8/18 1. Jerry Jasper 1/8/218 JJ1818 BOS Meeting 1/8/18 1. Richard Bracco 1/8/218 RB1818 BOS Meeting 1/8/18 1. Richard Bracco 1/22/218 RB12218 BOS Meeting 1/22/18 1. Jerry Jasper 1/22/218 JJ12218 BOS Meeting 1/22/18 1. Harry Orenstein 1/22/218 HO12218 BOS Meeting 1/22/18 1. David Lusty 1/22/218 DL12218 BOS Meeting 1/22/18 1. Susie E Dunn-Lentile 1/22/218 SL BOS Meeting 1/22/18 2. Venetian Golf & River Club 1/31/ Reimburse for Recharge Well 1/18 3,27.87 Venetian Golf & River Club 1/31/ Effluent Water Use 1/ Brightview Landscape 11/1/ Monthly Landscape and 24, Services, Inc. Irrigation 11/18 Southworth Solutions, LLC 11/2/ Software License Fee 11/ Susie E Dunn-Lentile 11/12/218 SL BOS Meeting 11/12/18 1. David Lusty 11/12/218 DL BOS Meeting 11/12/18 1. Harry Orenstein 11/12/218 HO BOS Meeting 11/12/18 1. Jerry Jasper 11/12/218 JJ BOS Meeting 11/12/18 1. Richard Bracco 11/12/218 RB BOS Meeting 11/12/18 1. Frontier Lighting, Inc. 11/15/218 S Light Fixtures Frontier Lighting, Inc. 11/16/218 S Light Fixtures 55. Verizon Wireless 11/19/ Wireless Telephone Services 11/ Frontier Lighting, Inc. 11/2/218 S CREDIT MEMO TO INV S (55.) Water Boy Inc 11/21/ Water Delivery 11/ Water Boy Inc 11/21/ Water Cups 11/ Halifax Media Holdings, 11/23/218 SC55GRBHW Legal Advertising 11/ LLC Invision Communications 11/23/218 AAAQ156 5 RFID Cards 11/ Victory Security Agency II, LLC 11/24/ Security Services 11/18/18-11/24/18 5,685. Susie E Dunn-Lentile 11/26/218 SDL BOS Meeting 11/26/18 1. Ramco Mulch Solutions 11/26/ Installed Multi Color Mulch 61,38. 11/18 Invision Communications 11/26/218 AAAQ1511 Keri Doors System License Extra Computers 75. Richard Bracco 11/26/218 RB BOS Meeting 11/26/18 1. Richard P. McCafferty 11/26/218 RM BOS Meeting 11/26/18 1. David Lusty 11/26/218 DL BOS Meeting 11/26/18 1. Jeff Pfohler Electric, Inc. 11/27/ Repair Wiring to 2 Mailboxes Brightview Landscape Services, Inc. 11/28/ Remove Thryallis Install Firebush

17 Aged Payables by Invoice Date Aging Date - 1/1/ General Fund From 11/1/218 Through 11/3/218 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Brightview Landscape Services, Inc. 11/28/ Straighten Magnolia 11/ A N J Excavation, LLC 11/29/218 Invoice # Sidewalk Remove and Replace 11/18 5,767.5 Florida Power & Light 11/29/218 Electric Summary 11/18 FPL Electric Summary 11/18 2,6.29 Water Equipment Technologies of Southwest Florida LLC 11/29/ Weekly Maintenance-Entrance Fountains 11/ Voila Decorating Inc. dba Trimmers Holiday Decor 11/29/ Holiday Decorations 11/18 2,15. Venetian Golf & River Club 11/3/ Effluent Water Use 11/ Brightview Landscape 11/3/ Grass Install 11/18 3,25. Services, Inc. Brightview Landscape Services, Inc. 11/3/ Remove Viburnum Install Jasmine 11/ Brightview Landscape Services, Inc. Brightview Landscape Services, Inc. Brightview Landscape Services, Inc. Brightview Landscape Services, Inc. Clean Sweep Parking Lot Maintenance Inc Rizzetta Amenity Services, Inc. 11/3/ Replace Buttercups 11/ /3/ Lift Oak Trees /3/ Sod Install 11/18 1,2. 11/3/ Replace Grass 11/ /3/ Street Sweeping 11/ /3/218 INV5654 EE Recruiting 11/ Rizzetta Amenity Services, Inc. Victory Security Agency II, LLC 11/3/218 INV5626 Amenity Service BI-Weekly Payroll 11/18 12/1/ Security Services 11/25/18-12/1/18 4,2.51 5,98.6 Persson, Cohen & Mooney, P.A. 12/4/218 Venetian 11/18 Legal Services 11/18 9,3. Venetian Golf & River Club 12/5/218 Sales Tax VGC 11/18 Transponder Sales Tax Collected 11/ Dye, Harrison, Kirkland, Petruff, Pratt & St. Paul, PLLC Schappacher Engineering LLC 12/6/ Legal Services 11/18 1,5. 12/1/ Engineering Services 11/18 5,1. Total 1 - General Fund 144,56.7 Report Total 144,

18 Notes to Unaudited Financial Statements November 3, 218 Balance Sheet 1. Trust statement activity has been recorded through 11/3/ 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. Summary A/R Ledger-Subsequent Collections 5. General Fund 1 Payment for Invoice FY18-19 in the amount of $813, was received in December Debt Service Fund 2 Payment for Invoice FY18-19 in the amount of $78,77.11 was received in December Enterprise Fund 4 Payment for Invoice FY18-19 in the amount of $759, was received in December River Club Reserve Fund 45 Payment for Invoice FY18-19 in the amount of $117,376.3 was received in December