Harbor Bay Community Development District

Transcription

1 Harbor Bay Community Development District Financial Statements (Unaudited) August 31, 2017 Prepared by: Rizzetta & Company, Inc. harborbaycdd.org rizzetta.com

2 Balance Sheet As of 8/31/2017 Capital Projects General Fund Reserve Fund Evergreen Debt Service Fund Fund Enterprise Fund Total Governmental Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 108, , ,085 54, , Investments 2,200, ,246,144 1,050, ,497, Investments--Reserves 0 1,039, ,039, Accounts Receivable , , Accounts Receivable-Other Prepaid Expenses 11, , Inventory ,236 4, Deposits 54, ,000 55, Due From Other Funds 55, , , Amount Available in Debt Service Fund ,345,018 Amount To Be Provided Debt Service ,819,982 Fixed Assets ,189,766 0 Total Assets 2,430,142 1,039, ,573 2,345,018 1,193,874 59,741 7,223,976 55,189,766 12,165,000 Liabilities Accounts Payable 76, ,353 3, , Retainage Payble , , Accrued Expenses Payable 92, , , Other Current Liabilities 9, ,339 11, Deposits Held 1, , Due To Other Funds 8,908 54, , Revenue Bonds Payable--Long-Term ,165,000 Total Liabilities 189,310 54, ,743 6, , ,165,000 Fund Equity & Other Credits Beginning Fund Balance 2,185, , ,318,290 1,910, ,357,129 55,189,766 0 Net Change in Fund Balance 55,558 42, ,573 26,728 (1,021,850) 53,384 (688,032) 0 0 Total Fund Equity & Other Credits 2,240, , ,573 2,345, ,131 53,384 6,669,098 55,189,766 0 Total Liabilities & Fund Equity 2,430,142 1,039, ,573 2,345,018 1,193,874 59,741 7,223,976 55,189,766 12,165,000

3 001 - General Fund Annual YTD YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings 0 0 6,871 6, % Special Assessments Tax Roll 2,258,986 2,258,986 2,294,463 35,477 (1.57)% Street Light Assessment 154, , , (0.44)% Off Roll 675, , ,284 2,681 (0.39)% Total Revenues 3,089,327 3,089,327 3,135,052 45,725 (1.48)% Expenditures Legislative Supervisor Fees 16,000 14,667 16,800 (2,133) (5.00)% Financial & Administrative Administrative Services 9,700 8,892 9,413 (521) 2.96% District Management 36,050 33,046 38,996 (5,950) (8.17)% District Engineer 37,500 34,375 78,780 (44,405) (110.08)% Disclosure Report 6,000 5,500 2,350 3, % Trustees Fees 7,812 4,312 7,812 (3,500) 0.00% Financial & Revenue Collections 10,000 9,583 9,583 (0) 4.16% Accounting Services 19,492 17,868 17, % Auditing Services 4,000 4,000 3, % Arbitrage Rebate Calculation % Public Officials Liability 4,891 4,891 4,969 (78) (1.59)% Insurance Legal Advertising 5,000 4,583 15,051 (10,468) (201.02)% Dues, Licenses & Fees 4,000 4,000 5,800 (1,800) (45.01)% Property Taxes 3,615 3,615 3, % Website Hosting, Maintenance, 3,600 3,300 2, % Backup (and Ema Legal Counsel District Counsel 120, , ,691 (162,691) (127.24)% Special Legal Services Special Legal Services 25,000 22,917 44,409 (21,493) (77.63)% Law Enforcement Florida Highway Patrol 75,000 68,750 43,100 25, % Security Operations (Leased 145, , ,716 (55,799) (30.14)% System) Electric Utility Services Street Lights 154, , ,554 3, % Utility - Irrigation 23,000 21,083 16,514 4, %

4 001 - General Fund Annual YTD YTD Actual YTD Variance Remaining Utility - Guardhouse & Gate Electric 5,700 5,225 4, % Utility - Recreation Facilities 91,000 83,417 79,791 3, % Gas Utility Services Utility Services 5,700 5,225 4,096 1, % Garbage/Solid Waste Control Services Garbage - Recreation Facility 2,000 1,833 2,080 (247) (4.01)% Water-Sewer Combination Services Utility - Irrigation 9,200 8,433 10,435 (2,001) (13.42)% Utility Services - Amenities 23,000 21,083 29,079 (7,996) (26.43)% Stormwater Control Aquatic Maintenance 33,600 30,800 31,498 (698) 6.25% Mitigation Area Monitoring & 3,000 2, , % Maintenance Fountain Service Repairs % Fountain Maintenance 3,900 3,575 2,400 1, % Other Physical Environment General Liability & Property 95,306 95,306 89,587 5, % Insurance Insurance - Flood 14,913 14,913 14, % Entry & Walls Maintenance 5,000 4, , % Landscape Maintenance - General 294, , ,420 (23,920) 0.19% Irrigation Repairs and Maintenance 32,550 29,838 34,573 (4,735) (6.21)% Lighting Maintenance & Repair 26,000 23,833 39,851 (16,017) (53.27)% Landscape Maintenance - Sea 28,687 26,296 31,204 (4,908) (8.77)% Crest Landscape Maintenance - Optional Areas 19,950 18,288 37,860 (19,573) (89.77)% Landscape - Fertilization 90,038 82,535 76,000 6, % Landscape - Pest Control 28,875 26,469 22,579 3, % Landscape - Mulch 44,694 40,970 36,390 4, % Landscape - Annuals 14,112 12,936 4,800 8, % Landscape Replacement Plants, 25,000 22,917 35,400 (12,483) (41.60)% Shrubs, Trees Hand Watering 2,100 1, , % Minor Void Repairs 25,000 22,917 28,941 (6,024) (15.76)% Freeze Protection 6,300 5, , % Field Services 0 0 8,923 (8,923) 0.00%

5 001 - General Fund Annual YTD YTD Actual YTD Variance Remaining Road & Street Facilities Street / Parking Lot Sweeping 4,750 4,354 4,425 (71) 6.84% Roadway Repair & Maintenance 1, % Sidewalk Repair & Maintenance 20,000 18,333 13,790 4, % Gate Facility Maintenance 15,000 13,750 6,051 7, % Parks & Recreation Onsite Staffing/Employment 235, , ,624 50, % WTS Management Fee 36,000 33,000 36,750 (3,750) (2.08)% Facility Contribution - MiraBay Club 607, , ,453 19, % Boat Lift Sling Repairs & Maintenance 18,000 16,500 14,900 1, % Office Supplies 2,500 2,292 2, % Cleaning Supplies % Printing Supplies % Computer Support, Maintenance 5,000 4,583 5,576 (993) (11.52)% & Repair Pool Operation & Maintenance 43,800 40,150 40,313 (163) 7.96% Pool Heater Maintenance 3,200 2, , % Clubhouse Audio Equipment 2,500 2, , % GEM Car Repairs & 2,500 2,292 1, % Maintenance Building Repairs & Maintenance 35,000 32,083 28,455 3, % Facility A/C & Heating Maintenance & Repair 5,000 4,583 5,964 (1,380) (19.27)% Tennis Court Maintenance & Supplies 15,000 13,750 1,986 11, % Maintenance Supplies 7,500 6,875 14,020 (7,145) (86.92)% Basketball Court Maintenance & 1,500 1, , % Supplies Pest Control 4,000 3,667 4,479 (812) (11.97)% Playground Repairs 2,500 2, , % Elevator Maintenance 11,000 10,083 6,118 3, % Dog Waste Station Supplies 5,000 4,583 3,410 1, % Sign Maintenance & Repairs 5,000 4, , % Cell Phone - Maintenance Staff % Telephone/Internet-Gate, Boat 25,000 22,917 19,488 3, % Lift & Club Holiday Decorations 12,000 12,000 11, % Admiral Pointe Operations WTS Management Fee 11,250 10,313 8,250 2, %

6 001 - General Fund Annual YTD YTD Actual YTD Variance Remaining Pool Operation & Maintenance 5,000 4,583 6,635 (2,052) (32.70)% Electric Utility - Amenity 8,000 7,333 21,959 (14,625) (174.48)% Facilities Water Utility - Amenity Facilities 1, % Supplies 1,500 1, % Landscape Maintenance 10,000 9,167 8, % Clubhouse Pest Control % Building Repairs & Maintenance 10,000 9,167 1,018 8, % Security Monitoring ,355 (16,355) 0.00% Telephone/Internet 8,600 7,883 10,422 (2,539) (21.18)% Street Tree Pruning 20,000 18, , % Contingency Miscellaneous Contingency 15,001 13, ,534 (120,783) (796.83)% Bay Breeze ,051 (19,051) 0.00% Capital Outlay 229, ,524 84, , % Reserve Study 0 0 2,500 (2,500) 0.00% Total Expenditures 3,089,327 2,840,415 3,079,493 (239,078) 0.32% Excess of Revenue Over (Under) Expenditures 0 248,912 55,558 (193,354) 0.00% Total Other Financing Sources (Uses) % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 248,912 55,558 (193,354) 0.00% Fund Balance, Beginning of Period 0 0 2,185,274 2,185, % Fund Balance, End of Period 0 248,912 2,240,832 1,991, %

7 Reserve Fund Annual Actual Variance Remaining Revenues Interest Earnings Interest Earnings 0 3,419 3, % Special Assessments Tax Roll 300, , % Total Revenues 300, ,419 3, % Expenditures Contingency Capital Reserves 300, ,844 39, % Total Expenditures 300, ,844 39, % Excess of Revenue Over (Under) Expenditures 0 42,575 42, % Total Other Financing Sources (Uses) % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 42,575 42, % Fund Balance, Beginning of Period 0 942, , % Fund Balance, End of Period 0 985, , %

8 Evergreen Annual Actual Variance Remaining Revenues Other Miscellaneous Revenues Boat Registration 0 7,660 7, % Total Revenues 0 7,660 7, % Expenditures Financial & Administrative Office Expenses (512) 0.00% Law Enforcement Harbor Patrol 0 2,600 (2,600) 0.00% Total Expenditures 0 3,112 (3,112) 0.00% Excess of Revenue Over (Under) Expenditures 0 4,548 4, % Other Financing Sources (Uses) Prior Year 0 151, , % Total Other Financing Sources (Uses) 0 151, , % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 155, , % Fund Balance, End of Period 0 155, , %

9 Debt Service Fund--Series Annual Actual Variance Remaining Revenues Interest Earnings Interest Earnings 0 3,475 3, % Special Assessments Tax Roll 311, ,391 1, % Total Revenues 311, ,867 5, % Expenditures Debt Service Payments Interest 216, ,750 4, % Principal 95,000 95, % Total Expenditures 311, ,750 4, % Excess of Revenue Over (Under) Expenditures 0 10,117 10, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 10,117 10, % Fund Balance, Beginning of Period 0 728, , % Fund Balance, End of Period 0 738, , %

10 Debt Service Fund--Series Annual Actual Variance Remaining Revenues Interest Earnings Interest Earnings 0 7,315 7, % Special Assessments Tax Roll 627, ,488 3, % Prepayments 0 14,524 14, % Off Roll 312, , % Total Revenues 940, ,562 25, % Expenditures Debt Service Payments Interest 650, ,950 6, % Principal 290, ,000 (15,000) (5.17)% Total Expenditures 940, ,950 (8,947) (0.95)% Excess of Revenue Over (Under) Expenditures 0 16,612 16, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 16,612 16, % Fund Balance, Beginning of Period 0 1,590,111 1,590, % Fund Balance, End of Period 0 1,606,723 1,606, %

11 Capital Projects Fund--Series Annual Actual Variance Remaining Revenues Interest Earnings Interest Earnings 0 4,324 4, % Total Revenues 0 4,324 4, % Expenditures Other Physical Environment Master Project 0 1,026,184 (1,026,184) 0.00% Total Expenditures 0 1,026,184 (1,026,184) 0.00% Excess of Revenue Over (Under) Expenditures 0 (1,021,861) (1,021,861) 0.00% Total Other Financing Sources (Uses) % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 (1,021,861) (1,021,861) 0.00% Fund Balance, Beginning of Period 0 1,908,540 1,908, % Fund Balance, End of Period 0 886, , %

12 Capital Projects Fund--Series Annual Actual Variance Remaining Revenues Interest Earnings Interest Earnings % Total Revenues % Excess of Revenue Over (Under) Expenditures % Total Other Financing Sources (Uses) % Excess of Rev./Other Sources Over (Under) Expend./Other Uses % Fund Balance, Beginning of Period 0 2,440 2, % Fund Balance, End of Period 0 2,451 2, %

13 400 - Mira Bay at Harbor Bay Annual YTD YTD Actual YTD Variance Remaining Revenues Amenity Center Revenue Personal Training 20,500 19,000 25,420 6,420 (24.00)% Group Exercise 15,750 14,550 16,425 1,875 (4.28)% Massage ,775 4,075 (536.66)% Tennis Lessons 20,000 18,500 25,489 6,989 (27.44)% Swim Lessons 3,000 2,750 1,493 (1,257) 50.23% Facials (470) % Facility Rental 13,000 12,000 7,060 (4,940) 45.69% Merchandise Sales (265) 58.01% Food Sales 80,500 74,879 83,750 8,871 (4.03)% Beverage Sales (Alcohol) 68,000 63,600 65,541 1, % Programs 132, , ,437 55,437 (33.66)% Beverage Sales (Non-Alcoholic) 7,500 6,875 10,030 3,155 (33.73)% Other Miscellaneous Revenues General Fund Facility 607, , ,453 (19,558) 11.55% Contribution Proximity Card Replacement % Total Revenues 969, , ,113 62, % Expenditures Cost of Goods Merchandise Retail ,219 (544) (80.65)% Food 80,000 74,500 79,554 (5,054) 0.55% Beverage (Alcohol) 46,000 44,700 35,032 9, % Beverage (Non-Alcoholic) 7,000 6,500 8,478 (1,978) (21.11)% Payroll & Related Expenses Payroll Management 116, , ,959 1, % Payroll Administrative 26,952 24, , % Payroll Reception 66,000 60,500 61,089 (589) 7.44% Payroll Pool Attendants 26,000 23,650 67,928 (44,278) (161.26)% Personal Training Commissions 15,000 13,750 19,031 (5,281) (26.87)% Aerobics Commissions 11,700 10,725 23,094 (12,369) (97.38)% Group Fitness Commissions 12,100 11,000 42,178 (31,178) (248.57)% Yoga Commissions % Massage Therapist Commissions 1, ,671 (1,761) (167.14)% Tennis Commissions 10,000 9,200 24,991 (15,791) (149.90)% Aquatics Commissions 3,000 2,750 3,131 (381) (4.37)% Nail Commissions 0 0 9,633 (9,633) 0.00% Facial Commissions % Payroll Outfitters 5,000 4, , % Payroll Cafe 93,136 85,360 81,104 4, %

14 400 - Mira Bay at Harbor Bay Annual YTD YTD Actual YTD Variance Remaining Payroll Activities & Programs 60,000 55,000 3,533 51, % Maintenance Payroll 91,500 83,875 67,255 16, % Payroll Taxes 49,000 44,880 44, % Payroll HR Admin Support 13,500 12,375 11, % Benefits 52,700 48,290 20,408 27, % Workers Compensation 12,100 11,000 13,248 (2,248) (9.48)% Parks & Recreation Credit Card Processing Fees 20,000 18,260 23,480 (5,220) (17.40)% Cleaning Supplies 3,000 2,750 2, % Daily Operation Software 7,500 6,875 7,320 (445) 2.39% General Liability Insurance 13,000 11,900 12,529 (629) 3.62% Continuing Education % Laundry, Towels, Linen 1,500 1, % Marketing & Promotions 1, % Postage & Shipping % Printing Supplies 4,500 4,125 5,081 (956) (12.90)% Travel % Uniforms 2,000 1,760 2,596 (836) (29.78)% Employee Recognition % Salon Supplies % Miscellaneous 2,000 1,760 4,033 (2,273) (101.67)% Computer Repairs & 1, ,889 (1,009) (88.94)% Maintenance Cellular Phones & Other 2,150 1,980 1, % Reimbursements Member & Guest Supplies 7,180 6,600 5, % Operating Supplies 35,000 32,010 34,442 (2,432) 1.59% Amenities Office Expenses 1,800 1,650 1, % Taxes % Program Supplies 55,725 49,725 65,936 (16,211) (18.32)% Furniture, Fixtures, & Equipment 1, (77) 2.29% Equipment Maintenance/Repair % Fitness Repairs & Maintenance 3,000 2,750 3,806 (1,056) (26.87)% Contingency Capital Projects 5,000 4, , % Total Expenditures 969, , ,729 (10,736) 7.11% Excess of Revenue Over (Under) Expenditures 0 1,817 53,384 51, % Total Other Financing Sources (Uses) %

15 400 - Mira Bay at Harbor Bay Annual YTD YTD Actual YTD Variance Remaining Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 1,817 53,384 51, % Fund Balance, End of Period 0 1,817 53,384 51, %

16 Harbor Bay CDD Investment Summary August 31, 2017 Balance as of Account Investment August 31, 2017 The Bank of Tampa Money Market $ 48,855 The Bank of Tampa ICS Program: Bank of China, New York, NY Money Market 245,167 Bremer Bank, National Association Money Market 61 Capital Bank Corporation Money Market 245,166 Centier Bank Money Market 245,029 EagleBank Money Market 245,166 Flushing Bank Money Market 245,167 LegacyTexas Bank Money Market 2 Merchants Bank of Indiana Money Market 1 Morton Community Bank Money Market 245,167 Oritani Bank Money Market 245,167 Pinnacle Bank Money Market 245,167 The Park National Bank Money Market 30 Univest Bank and Trust Co. Money Market 127 Western Alliance Bank Money Market 190,693 Total General Fund Investments $ 2,200,965 The Bank of Tampa ICS Program: Associated Bank, N.A. Money Market $ 98 Bremur Bank, National Association Money Market 56 ConnectOne Bank Money Market 6 Customers Bank Money Market 32 Genesee Regional Bank Money Market 245,167 LegacyTexas Bank Money Market 49 MB Financial Bank, N.A. Money Market 13 Merchants Bank of Indiana Money Market 72,152 The Park National Bank Money Market 245,126 TriState Capital Bank Money Market 245,086 United Bank Money Market 177,356 Univest Bank and Trust Co. Money Market 14 Western Alliance Bank Money Market 54,473 Total Reserve Fund Investments $ 1,039,628 US Bank S2001A Reserve First American Treasury Obligation Fund Class Z $ 306,500 US Bank S2001A Prepayment First American Treasury Obligation Fund Class Z 5,153 US Bank S2001AB Revenue First American Treasury Obligation Fund Class Z 426,642 US Bank S2002AB Revenue First American Treasury Obligation Fund Class Z 569,996 US Bank S2002 Prepayment First American Treasury Obligation Fund Class Z 3,904 US Bank S2002A Reserve First American Treasury Obligation Fund Class Z 933,950 Total Debt Service Fund Investments $ 2,246,144 The Bank of Tampa ICS Program: Bremer Bank, National Association Money Market $ 1 CoBiz Bank Money Market 245,162 Customers Bank Money Market 15 First Bank of Highland Park Money Market 3 Great Western Bank Money Market 245,167 Illinois Bank & Trust Money Market 245,013 LegacyTexas Bank Money Market 24 MB Financial Bank, N.A. Money Market 44 Mutual of Omaha Bank Money Market 245,167 TriState Capital Bank Money Market 20 United Bank Money Market 67,810 Univest Bank and Trust Co. Money Market 8 Subtotal ICS Investments 1,048,434 US Bank S2002A Acquisition and Construction First American Treasury Obligation Fund Class Z 1,507 US Bank S2002 Custody First American Treasury Obligation Fund Class Z 944 Total Capital Project Fund Investments $ 1,050,885

17 Summary A/R Ledger Debt Service Fund--Series 2002 From 8/1/2017 Through 8/31/2017 Invoice Date Customer Name Invoice Number Current Balance 10/18/2016 Alidade Mirabay, LLC , /18/2016 Regions Bank , /18/2016 Terrabrook Apollo Beach LP , Total Debt Service Fund--Series , Report Balance 98,869.96

18 Aged Payables by Invoice Date Aging Date - 3/1/ General Fund From 8/1/2017 Through 8/31/2017 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance WTS International, Inc. 8/1/2017 RC Management Fee 09/17 3, Payne Air Conditioning 8/4/2017 C5095 Preventative & Heating, Inc. Maintenance 08/17 Florida Dept of Business & Professional Regul 8/9/2017 DBPR 09/17 Alcoholic Beverage Retailer License Frontier Communications of Florida 8/22/2017 Summary 08/17 B Phone/Internet/Gate Summary 08/17 B Hidden Eyes LLC dba Envera Systems USA Services of Florida, Inc. 8/22/ North Gate Add Res 08/01/17-09/30/17 8/22/ Street Sweeping 08/18/17 US Bank 8/25/ Trustee Fees S /01/16-07/31/17 Frontier Communications of Florida 8/25/ /17 Internet/Gate - Bay Breeze 08/ , Krchmar Construction LLC 8/26/ Tennis Court Lights Disclosure Services, LLC Tampa Electric Company Terminix Processing Center Terminix Processing Center Terminix Processing Center Atlas Professional Services, Inc. 8/28/ Amortization Schedule S /01/17 8/28/ / Pinckney Dr 08/ /28/ Club House Pest Control 08/ /28/ Club House Pest Control 08/17 8/28/ Admiral Pointe 08/ /29/ IT Services Hopping Green & Sams 8/29/ General Legal Services 22, /17 Hopping Green & Sams 8/29/ Records Requests 07/ Hopping Green & Sams 8/29/ Resident Litigation 4, /17 Bright House Networks 8/30/ Admiral Pointe Dr. 09/ Ballenger & Company, Inc. Ballenger & Company, Inc. Ballenger & Company, Inc. 8/31/ WUP - Monthly Permit Reporting 08/ /31/ Irrigation Control Monitor 08/17 8/31/ Service Call

19 Aged Payables by Invoice Date Aging Date - 3/1/ General Fund From 8/1/2017 Through 8/31/2017 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Lee Te Kim Lawn Care, Inc. Rizzetta Amenity Services, Inc. 8/31/2017 Aug 8285 Landscape Maintenance Summary Bill 08/17 8/31/2017 INV Out of Pocket Expenses 08/17 Total General Fund 37, ,821.73

20 Aged Payables by Invoice Date Aging Date - 3/1/ Capital Projects Fund--Series 2001 From 8/1/2017 Through 8/31/2017 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Hecker Construction Co., Inc. Langan Engineering & Environmental Svcs Inc. Langan Engineering & Environmental Svcs Inc. Hecker Construction Co., Inc. 3/24/2016 Supp 53 Hecker Supp Seawall Repair Project 6/28/2017 MP 42 Langan MP40-42 Master Project Interim Repairs 8/28/2017 MP 46 Langan MP43-46 Master Project Interim Repairs 8/28/2017 MP 44 Hecker MP43-46 Master Project Interim Repairs Hopping Green & Sams 8/28/2017 MP 45 Hopping MP43-46 Master Project Interim Repairs Harbor Bay Community Development District 8/28/2017 MP 43 Harbor Bay MP43-46 Master Project Interim Repairs Total Capital Projects Fund--Series , , , , , , ,353.10

21 Aged Payables by Invoice Date Aging Date - 3/1/ Mira Bay at Harbor Bay From 8/1/2017 Through 8/31/2017 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Doogie Entertainment 1/13/2017 MB DOOGIE DJ Service 02/010/ WTS International, Inc. 8/1/2017 RC Management Fee 09/17 1, Park Produce 8/9/2017 MB07670 Produce for Harbor Bay Park Produce 8/12/2017 MB07671 Produce for Harbor Bay Staples Advantage 8/18/2017 MB Supplies Staples Advantage 8/24/2017 MB Supplies 7.26 Park Produce 8/25/2017 MB07676 Produce for Harbor Bay Victoria's School of 8/30/2017 MBMIR Dance Classes - August 1, Dance LLC Sysco-West Coast Florida 8/31/2017 MB Supplies Total Mira Bay at Harbor Bay 3, Report Total 367,652.39

22 Notes to Unaudited Financial Statements August 31, 2017 Balance Sheet 1. Trust statement activity has been recorded through 08/31/ 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 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.