Fishhawk Community Development District II

Transcription

1 Fishhawk Community Development District II Financial Statements (Unaudited) January 31, 2019 Prepared by: Rizzetta & Company, Inc. fishhawkcdd.org rizzetta.com

2 Balance Sheet As of 1/31/2019 Capital Projects General Fund Reserve Fund Debt Service Fund Fund Enterprise Fund Total Governmental Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 277, , , Investments 852, ,251,151 78, ,182, Investments - Reserves 0 2,300, ,300, Accounts Receivable 130, , , Accounts Receivable - Other Prepaid Expenses Deposits Due from Fishhawk/Fishhawk III 7, , Due from Others Due from Other Funds 1, , Amount Available in Debt Service ,300,748 Amount To Be Provided Debt Service ,634,252 Fixed Assets ,015,211 0 Total Assets 1,269,659 2,300,781 1,300,748 78,951 70,470 5,020,608 32,015,211 9,935,000 Liabilities Accounts Payable 25, ,267 30, Accrued Expenses Payable 35, , Retainage Payable , , Other Current Liabilities Due to Fishhawk/Fishhawk III 4, , Due to Developer Due to Other Funds , Deferred Revenue Revenue Bonds Payable-Long-Term ,935,000 Total Liabilities 67, ,275 4, , ,935,000 Fund Equity And Other Credits Beginning Fund Balance 58,863 2,141, ,878 35,596 81,435 2,943,175 32,015,211 0 Net Change in Fund Balance 1,143, , , (15,637) 1,962, Total Fund Equity And Other Credits 1,202,399 2,300,781 1,300,748 35,676 65,798 4,905,401 32,015,211 0 Total Liabilities And Fund Equity 1,269,659 2,300,781 1,300,748 78,951 70,470 5,020,608 32,015,211 9,935,000

3 Statement of Revenues and 1 - General Fund From 10/1/2018 Through 1/31/2019 Annual Percent Annual YTD YTD Actual YTD Variance Remaining Revenue Interest Earnings Interest Earnings 1, % Special Assessments Tax Roll 1,763,933 1,763,933 1,778,372 14,439 (0.81)% Other Miscellaneous Revenues Miscellaneous Revenues % Facilities Rentals 13,000 4,333 4, % Landscape Maintenance 13,000 4,333 3,700 (633) 71.53% Reimbursement Club Revenues Merchandise 3,000 1, (426) 80.87% Leagues, Classes & Lessons 3,000 1, (329) 77.62% Total Revenue 1,797,633 1,775,166 1,789,136 13, % Legislative Supervisor Fees 16,000 5,333 3,400 1, % Financial & Administrative Administrative Services 9,700 3,233 3, % District Management 43,800 14,600 14, % District Engineer 20,000 6,667 10,510 (3,844) 47.44% Disclosure Report 1,000 1,000 1, % Trustee Fees 6,500 6,500 3,771 2, % Assessment Roll 5,000 5,000 5, % Accounting Services 18,750 6,250 6, % Auditing Services 4, % Arbitrage Rebate Calculation % Financial & Revenue Collections 5,000 1,667 1, % Public Officials Liability 4,125 4,125 3, % Insurance Miscellaneous Mailings % Legal Advertising 1, % Dues, Licenses & Fees % Property Taxes 8,600 8,600 8, % Miscellaneous Fees - Meeting Expenses 1, (331) 44.56% Website Hosting, Maintenance, Backup (and ) 2, % Legal Counsel District Counsel 15,000 5,000 5,279 (279) 64.80% Special Legal Services

4 Statement of Revenues and 1 - General Fund From 10/1/2018 Through 1/31/2019 Annual Percent Annual YTD YTD Actual YTD Variance Remaining Independent Counsel 10,000 3, , % Law Enforcement Deputy 75,000 25,000 5,353 19, % Security Operations Security Services and Patrols 23,000 7,667 7, % Security Monitoring Services % Electric Utility Services Utility Services 45,000 15,000 17,918 (2,918) 60.18% Utility - Recreation Facilities % Street Lights 145,000 48,333 43,713 4, % Garbage/Solid Waste Control Services Garbage - Recreation Facility 3,603 1,201 2,596 (1,395) 27.94% Water-Sewer Combination Services Utility Services 50,000 16,667 17,642 (975) 64.71% Stormwater Control Fountain Service Repairs & 2, % Maintenance Aquatic Maintenance 49,948 16,649 16,936 (287) 66.09% Mitigation Area Monitoring & 1, % Maintenance Aquatic Plant Replacement 1, % Other Physical Environment General Liability Insurance 5,088 5,088 4, % Property Insurance 42,624 42,624 40,090 2, % Street Light Deposit Bond (347) 0.00% Entry & Walls Maintenance 1, % Landscape Maintenance 387, , ,877 (4,877) 65.40% Irrigation Maintenance 50,400 16,800 16, % Irrigation Repairs 16,000 5,333 8,091 (2,758) 49.43% Landscape Replacement Plants, 100,000 33,333 42,705 (9,372) 57.29% Shrubs, Trees Landscape - Mulch 71,680 23,893 28,350 (4,457) 60.44% Field Services 7,800 2,600 2, % Road & Street Facilities Street Sign Repair & 5,000 1,667 9,331 (7,664) (86.61)% Replacement Parks & Recreation Management Contract 337, , ,204 3, % Maintenance & Repair 35,000 11,667 27,833 (16,167) 20.47% Facility Supplies 16,000 5,333 7,640 (2,306) 52.25% Vehicle Maintenance 5,000 1, , %

5 Statement of Revenues and 1 - General Fund From 10/1/2018 Through 1/31/2019 Annual Percent Annual YTD YTD Actual YTD Variance Remaining Fitness Equipment Maintenance & Repairs 6,000 2,000 1, % Pest Control % Computer Support, Maintenance 2, % & Repair Pool Permits % Clubhouse - Facility Janitorial Service 20,000 6,667 6, % Clubhouse - Facility Janitorial Supplies 8,500 2,833 2, % Pool Service Contract 47,275 15,758 14,235 1, % Pool Repairs 5,000 1, , % Facility A/C & Heating 4,000 1, , % Maintenance & Repair Trail/Bike Path Maintenance 6,000 2, , % Cable Television & Internet 4,000 1,333 1,731 (398) 56.71% Access Control Maintenance & 5,000 1, , % Repair Wildlife Management Services 11,304 3,768 2,557 1, % Contingency Miscellaneous Contingency 25,000 8,333 3,000 5, % Total 1,797, , ,600 1, % Excess of Revenue Over (Under) 0 1,128,214 1,143,536 15, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 1,128,214 1,143,536 15, % Fund Balance, Beginning of Period ,863 58, % Fund Balance, End of Period 0 1,128,214 1,202,399 74, %

6 Statement of Revenues and Reserve Fund From 10/1/2018 Through 1/31/2019 Annual Current Period Actual To Actual Variance Percentage Remaining Revenue Interest Earnings Interest Earnings 0 8,422 8, % Special Assessments Tax Roll 172, , % Total Revenue 172, ,139 8, % Contingency Capital Reserves 172,717 21, , % Total 172,717 21, , % Excess of Revenue Over (Under) 0 159, , % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 159, , % Fund Balance, Beginning of Period 0 2,141,402 2,141, % Fund Balance, End of Period 0 2,300,781 2,300, %

7 Statement of Revenues and Debt Service Fund - Series From 10/1/2018 Through 1/31/2019 Annual Current Period Actual To Actual Variance Percentage Remaining Revenue Interest Earnings Interest Earnings 0 3,453 3, % Special Assessments Tax Roll 701, ,757 4, % Total Revenue 701, ,210 8, % Debt Service Interest 326, , , % Principal 375, , % Total 701, , , % Excess of Revenue Over (Under) 0 548, , % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 548, , % Fund Balance, Beginning of Period 0 532, , % Fund Balance, End of Period 0 1,081,228 1,081, %

8 Statement of Revenues and Debt Service Fund - Series From 10/1/2018 Through 1/31/2019 Annual Current Period Actual To Actual Variance Percentage Remaining Revenue Interest Earnings Interest Earnings % Special Assessments Tax Roll 160, ,815 1, % Total Revenue 160, ,902 1, % Debt Service Interest 70,741 35,908 34, % Principal 90, , % Total 160,741 35, , % Excess of Revenue Over (Under) 0 125, , % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 125, , % Fund Balance, Beginning of Period 0 93,526 93, % Fund Balance, End of Period 0 219, , %

9 Statement of Revenues and Capital Projects Fund - Series 2007/ From 10/1/2018 Through 1/31/2019 Annual Current Period Actual To Actual Variance Percentage Remaining Revenue Interest Earnings Interest Earnings % Total Revenue % Excess of Revenue Over (Under) % Excess of Rev./Other Sources Over (Under) Expend./Other Uses % Fund Balance, Beginning of Period 0 35,596 35, % Fund Balance, End of Period 0 35,676 35, %

10 Statement of Revenues and Enterprise Fund From 10/1/2018 Through 1/31/2019 Annual Percent Annual YTD YTD Actual YTD Variance Remaining Revenue Other Miscellaneous Revenues Facilities Rentals 40,000 13,333 10,380 (2,953) 74.04% Premises Fee 39,300 13,100 13,039 (61) 66.82% Total Revenue 79,300 26,433 23,419 (3,014) 70.47% Financial & Administrative Website Fees & Maintenance % Property Taxes 2,000 2,000 1, % Security Operations Security Monitoring Services % Electric Utility Services Utility Services 35,000 11,667 17,554 (5,887) 49.84% Water-Sewer Combination Services Utility Services 3,300 1, % Other Physical Environment Landscape Replacement Plants, 1, % Shrubs, Trees Parks & Recreation Maintenance & Repair 7,000 2,333 11,360 (9,027) (62.29)% Facility Supplies % Pest Control 1, % Telephone, Fax, Internet 3,500 1,167 1,198 (31) 65.77% Computer Support, Maintenance & Repair % Clubhouse - Facility Janitorial Service Clubhouse - Facility Janitorial Supplies 11,200 3,733 3, % % Fountain Repairs 1, % Facility A/C & Heating 5,000 1,667 2,773 (1,107) 44.53% Maintenance & Repair Contingency Miscellaneous Contingency 6,950 2, , % Total 79,300 27,767 39,056 (11,290) 50.75% Excess of Revenue Over (Under) 0 (1,333) (15,637) (14,304) 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 (1,333) (15,637) (14,304) 0.00%

11 Statement of Revenues and Enterprise Fund From 10/1/2018 Through 1/31/2019 Annual Percent Annual YTD YTD Actual YTD Variance Remaining Fund Balance, Beginning of Period ,435 81, % Fund Balance, End of Period 0 (1,333) 65,798 67, %

12 Fishhawk CDD II Investment Summary January 31, 2019 Balance as of Account Investment January 31, 2019 The Bank of Tampa Business Money Market $ 245,127 The Bank of Tampa ICS Program: Amalgamated Bank Business Money Market 116,660 Flushing Bank Business Money Market 89 Franklin Synergy Bank Business Money Market 245,143 Kirkpatrick Bank Business Money Market 40 Legacy Texas Bank Business Money Market 8 Pinnacle Bank Business Money Market 245,239 Western Alliance Bank Business Money Market 3 Total General Fund Investments $ 852,309 The Bank of Tampa ICS Program: Amalgamated Bank Business Money Market $ 93,427 Boston Private Bank & Trust Company Business Money Market 245,242 City National Bank of Florida Business Money Market 245,242 Enterprise Bank & Trust Company Business Money Market 55 First National Bank of Omaha Business Money Market 245,250 Flushing Bank Business Money Market 116 Franklin Synergy Bank Business Money Market 8 Morton Community Bank Business Money Market 8 Mutual of Omaha Bank Business Money Market 245,250 NexBank, SSB Business Money Market 245,180 Oritani Bank Business Money Market 245,242 Pinnacle Bank Business Money Market 8 The Camden National Bank Business Money Market 8 The Huntington National Bank Business Money Market 245,250 The Park National Bank Business Money Market 245,242 United Bank Business Money Market 245,250 Western Alliance Bank Business Money Market 3 Total Reserve Fund Investments $ 2,300,781 US Bank Series 2013 Prepayment First American Treasury Obligation Fund Class Z $ 25,179 US Bank Series 2013 Reserve First American Treasury Obligation Fund Class Z 347,748 US Bank Series 2013 Revenue First American Treasury Obligation Fund Class Z 667,954 US Bank Series 2017 Reserve US Bank Mmkt 5 - Ct 40,186 US Bank Series 2017 Revenue US Bank Mmkt 5 - Ct 170,084 Total Debt Service Fund Investments $ 1,251,151 US Bank Series 2017 Construction US Bank Mmkt 5 - Ct $ 78,951 Total Capital Project Fund Investments $ 78,951

13 Summary A/R Ledger 1 - General Fund From 1/1/2019 Through 1/31/2019 Invoice Date Customer Name Invoice Number Current Balance 9/30/2018 Fishhawk HOA OM , /1/2018 Hillsborough County Tax Collector FY , Total 1 - General Fund 130,257.78

14 Summary A/R Ledger Debt Service Fund - Series 2013 From 1/1/2019 Through 1/31/2019 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total Debt Service Fund - Series ,346.85

15 Summary A/R Ledger Debt Service Fund - Series 2017 From 1/1/2019 Through 1/31/2019 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total Debt Service Fund - Series ,250.66

16 Summary A/R Ledger Enterprise Fund From 1/1/2019 Through 1/31/2019 Invoice Date Customer Name Invoice Number Current Balance 1/31/2019 Puff 'n Stuff Catering, LLC PNS Total Enterprise Fund Report Balance 180,083.29

17 Aged Payables by Invoice Date Aging Date - 10/1/ General Fund From 1/1/2019 Through 1/31/2019 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance ImageNet Consulting of Tampa, LLC Petitt Worrell Rocha Sheppard PLLC Petitt Worrell Rocha Sheppard PLLC 10/26/2018 CNIN074267TAM Copier - split w/fh & FH /16/ Legal Services 10/18 1, /16/ Legal Services - Merged 10/ TECO 1/24/2019 TECO Summary 01/19 Electric Summary Bill 01/19 2, Gem Supply Co., Inc. 1/24/ Janitorial Supplies - Split w/ FH /19 Access Central, Inc. 1/26/ Ink 01/ Crossroads Ace Hardware 1/28/ Misc. Supplies 01/ Edgardo Cruz 1/29/2019 EC Off Duty Deputy 01/25/19 - Split w/fh & FH3 Gem Supply Co., Inc. 1/29/ Janitorial Supplies - Split w/ FH 01/19 Gem Supply Co., Inc. 1/29/ Janitorial Supplies - Split w/ FH 01/19 Michael Davis 1/29/2019 MD Off Duty Deputy 01/24/19 - Split w/fh & FH WHITTCO Industrial Supplies LLC 1/30/ Dog Station Bags 01/ BOCC 1/30/2019 BOCC Summary 01/19 BOCC Summary 01/ Capital Land Management Corporation 1/31/ Install Sand 01/ Capital Land Management Corporation 1/31/ Bermuda Care 01/19 6, BOCC 2/1/ / Bayberry View Drive 01/19 Michael Davis 2/5/2019 MD Off Duty Deputy 01/31/19 - Split w/fh & FH TECO 2/5/ /19 Electric Summary Bill 01/19 12, Total 1 - General Fund 25,756.85

18 Aged Payables by Invoice Date Aging Date - 10/1/ Enterprise Fund From 1/1/2019 Through 1/31/2019 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Payne Air Conditioning & Heating Inc. TECO 1/28/2019 PC /19 Florida Department of Revenue 1/24/2019 PC Service Call - PC 01/ Dorman Road Service 01/19 1/31/2019 PC Sales Tax 01/19 Sales Tax - Palmetto Club Rentals & Aquatic Cafe Rent 01/19 3, Total Enterprise Fund 4, Report Total 30,023.90

19 Fishhawk II Community Development District Notes to Unaudited Financial Statements January 31, 2019 Balance Sheet 1. Trust statement activity has been recorded through 01/31/ 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 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 Payment for Invoice FY18-19 in the amount of $16, was received in February Debt Service Fund 200 Payment for Invoice FY18-19 in the amount of $6, was received in February Debt Service Fund 202 Payment for Invoice FY18-19 in the amount of $1, was received in February Enterprise Fund Payment for Invoice PNS in the amount of $ was received in February 2019.