Lake Padgett Estates Independent Special District

Transcription

1 Lake Padgett Estates Independent Special District Financial Statements (Unaudited) April 30, 2017 Prepared by: Rizzetta & Company, Inc. Wesley Chapel Office 5844 Old Pasco Road, Suite 100 Wesley Chapel, Florida rizzetta.com

2 Balance Sheet As of 4/30/2017 (In Whole Numbers) Total Governmental General Fund Reserve Fund Funds General Fixed Assets Account Group Assets Cash in Bank 105, ,263 0 Investments 137, ,655 0 Investments - Reserves 0 370, ,160 0 Accounts Receivable 15, ,342 0 Prepaid Items Deposits 1, ,770 0 Due From Other Funds Fixed Assets ,648,848 Total Assets 260, , ,190 23,648,848 Liabilities Accounts Payable 4, ,260 0 Accrued Expenses Payable 2, ,726 0 Other Current Liabilities Due To Other Funds Unearned Revenue Total Liabilities 7, ,003 0 Fund Equity & Other Credits Beginning Fund Balance 244, , ,969 23,648,848 Net Change In Fund Balance 8, , ,218 0 Total Fund Equity & Other Credits 253, , ,187 23,648,848 Total Liabilities & Fund Equity 260, , ,190 23,648,848

3 Statement of Revenues and Expenditures General Fund From 10/1/2016 Through 4/30/2017 (In Whole Numbers) Annual YTD YTD YTD Actual Variance Percent Annual Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 339, , ,257 6,457 (1.90)% Other Miscellaneous Revenues Rental Revenues-Stables 2,243 1,308 1, % Gate Access Card Revenues % Total Revenues 342, , ,920 6,812 (1.72)% Expenditures Legislative Supervisor Fees 3,000 1,750 1,800 (50) 40.00% Financial & Administrative Administrative Services 5,400 3,150 3, % District Management 21,600 12,600 12, % District Engineer 4,000 2, , % Tax Collector/Property Appraiser % Fees Assessment Roll 5,000 5,000 5, % Accounting Services 15,000 8,750 8, % Auditing Services 3, % Public Officials Liability 3,500 3,500 2, % Insurance Legal Advertising (193) 12.00% Dues, Licenses & Fees % Website Hosting, Maintenance, 2,200 1,283 1,330 (47) 39.54% Backup (and ) Legal Counsel District Counsel 15,000 8,750 8, % Security Operations Security Services & Patrols 16,000 9,333 5,609 3, % Security Cameras 2,000 1, , % Electric Utility Services Utility Services 7,028 4,100 4,167 (67) 40.70% Garbage/Solid Waste Control Services Garbage - Parks 2,500 1,458 1, % Solid Waste Assessment 3,000 1,750 2,865 (1,115) 4.49% Water-Sewer Combination Services

4 Statement of Revenues and Expenditures General Fund From 10/1/2016 Through 4/30/2017 (In Whole Numbers) Annual YTD YTD YTD Actual Variance Percent Annual Remaining Utility Services % Portable Toilets for Parks 1, % Stormwater Control Aquatic Management 5,500 3,208 6,165 (2,957) (12.09)% Stormwater Assessment (20) 37.62% Other Physical Environment Field Operations 6,000 3, , % Property/Casualty/GL Insurance 20,000 20,000 10,887 9, % Landscape Maintenance 7,500 4,375 1,320 3, % Landscape Replacement Plants, 1,800 1, , % Shrubs, Trees Irrigation Repairs 1, % Landscape Mulch 1,750 1,021 2,891 (1,870) (65.20)% General Repairs & Maintenance 5,000 2, , % Road & Street Facilities Gate Phones 5,300 3,092 3,586 (495) 32.33% Gate Maintenance 5,000 2,917 9,472 (6,555) (89.43)% Gate Access Control System 1, % Resident ID Cards % Parks & Recreation Employee - Salaries 83,734 48,845 44,511 4, % Employee - P/R Taxes 6,000 3,500 3, % Employee - Workers' Comp 7,250 4,229 8,680 (4,451) (19.72)% Insurance Employee - Health Insurance 24,000 14,000 13, % Equipment Maintenance & 2,000 1, % Repairs Cabana Repairs 1, % Vehicle Maintenance 4,000 2,333 1, % Miscellaneous Supplies 7,500 4,375 6,401 (2,026) 14.65% Building Repairs & Maintenance 1, ,474 (1,891) (147.40)% Contingency Capital Outlay 7,602 4,435 3, % Miscellaneous Contingency 25,000 14,583 9,564 5, % Total Expenditures 342, , ,777 19, % Excess of Revenue Over (Under) Expenditures 0 131, ,143 26, % Other Financing Sources (Uses) Interfund Transfer 0 0 (150,000) (150,000) 0.00%

5 Statement of Revenues and Expenditures General Fund From 10/1/2016 Through 4/30/2017 (In Whole Numbers) Annual YTD YTD YTD Actual Variance Percent Annual Remaining Excess of Rev/Other Sources Over (Under) Exp/Other Uses 0 131,523 8,143 (123,380) 0.00% Fund Balance Beginning of Period , , % Fund Balance End of Period 0 131, , , %

6 Statement of Revenues and Expenditures Reserve Fund From 10/1/2016 Through 4/30/2017 (In Whole Numbers) Annual Current Period Actual to Actual Variance Percent Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 50,000 50, % Total Revenues 50,000 50, % Expenditures Contingency Capital Reserves 50,000 67,981 (17,981) (35.96)% Total Expenditures 50,000 67,981 (17,981) (35.96)% Excess of Revenues Over (Under) Expenditures 0 (17,925) (17,925) 0.00% Other Financing Sources/(Uses) Interfund Transfer 0 150, , % Excess of Rev/Other Sources Over (Under) Exp/Other Uses 0 132, , % Fund Balance, Beginning of Period 0 238, , % Fund Balance, End of Period 0 370, , %

7 Lake Padgett Estates ISD Investment Summary April 30, 2017 Balance as of Account Investment April 30, 2017 SunTrust Business Money Market $ 137,655 Total General Fund Investments $ 137,655 SunTrust- Capital Reserves Business Money Market $ 370,160 Total Reserve Fund Investments $ 370,160

8 Summary A/R Ledger General Fund From 4/1/2017 Through 4/30/2017 Invoice Date Customer Name Invoice Number Current Balance 10/1/2016 Pasco County Tax Collector FY , Total General Fund 15, Report Balance 15,342.34

9 Aged Payables by Invoice Date Aging Date - 3/1/ General Fund From 4/1/2017 Through 4/30/2017 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance West Coast Rental 3/27/ Bobcat S130 & Trailer Pasco County Property 4/13/2017 Annual Fee FY17/18 Non-Ad Valorem Assessment Appraiser Annual Fee FY 17/18 Frontier Communications of Florida 4/16/ / / Republic Services #762 4/17/ Waste Management Services 05/17 Timothy G. Hayes & Associates Times Publishing Company /21/ Legal Services 03/17 1, /21/ /21/17 Legal Advertising 04/ Duke Energy 4/21/ /17 Summary Bill 04/ SiteOne Landscape 4/24/ Credit Palm & Tropical Fertilizer 03/17 (120.28) Supply, LLC Pasco Testing Lab and 4/27/ Monthly Service/Bacteria Sales, Inc. Sampling & Annual Nitrites 04/17 Pasco County Utilities 4/27/ # Civic Center Pkwy /17 Larry D. Berger 4/27/2017 LB Board of Supervisor Meeting Continued Meeting 04/27/17 Linda Hutchinson 4/27/2017 LH Board of Supervisor Meeting Continued Meeting 04/27/17 Margaret Bradley 4/27/2017 MB Board of Supervisor Meeting Continued Meeting 04/27/17 Pam Carr 4/27/2017 PC Board of Supervisor Meeting Continued Meeting 04/27/17 Pasco County Health Department 4/28/ BID Water Sampling of Lake Padgett Beach 07/17-06/ Pasco County Health Department Jimmy's Sanitary Service Inc 4/28/ BID-... Water Sampling East Lake Rec Area 2 Beach 07/17-06/18 4/30/ Portable Toilets 04/ Duke Energy 4/30/ / Lake Padgett Drive 04/ Duke Energy 4/30/ / Stable Ridge Ln 04/ Duke Energy 5/9/ / Summary Bill 04/ Total General Fund 4, Report Total 4,259.59

10 Notes to Unaudited Financial Statements April 30, 2017 Balance Sheet 1. For presentation purposes, the Reserves are shown in a separate fund titled Reserve Fund. Summary A/R Ledger Payment Terms 2. Payment terms for landowner assessments are (a) defined in the FY16-17 Assessment Resolution adopted by the Board of Supervisors, (b) pursuant to Florida Statutes, Chapter 197 for assessments levied via the county tax roll.