Lucaya Community Development District

Transcription

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

2 Balance Sheet As of 10/31/2018 (In Whole Numbers) Debt Service General Fund Reserve Fund Fund Capital Projects Fund Total Governmental Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 41, , Investments 259, ,501 23, , Investments--Reserves 0 50, , Investments--Water Reserve 0 45, , Accounts Receivable 318,386 24, , , Prepaid Expenses Deposits Due From Other Funds Amount Available in Debt Service ,540 Amount To Be Provided Debt Service ,340,460 Fixed Assets ,517,937 0 Total Assets 619, , ,540 23,362 1,068,067 9,517,937 1,645,000 Liabilities Accounts Payable 17, , Accrued Expenses Payable 2, , Due To Other Funds Revenue Bonds Payable--Long Term ,645,000 Total Liabilities 20, , ,645,000 Fund Equity & Other Credits Beginning Fund Balance 317,797 95, ,915 23, ,754 9,517,937 0 Net Change in Fund Balance 281,714 24, , , Total Fund Equity & Other Credits 599, , ,540 23,362 1,047,965 9,517,937 0 Total Liabilities & Fund Equity 619, , ,540 23,362 1,068,067 9,517,937 1,645,000

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 % Special Assessments Off Roll 1,343 1,343 2,687 1,344 (100.08)% Tax Roll 317, , , (0.08)% Total Revenues 318, , ,206 1,821 (0.57)% Legislative Supervisor Fees 2, % Financial & Administrative Administrative Services 4, % District Management 21,100 1,758 1, % District Engineer 14,000 1,167 5,532 (4,365) 60.48% Disclosure Report 1, % Trustees Fees 3,850 2,514 2, % Assessment Roll 5,000 5,000 5, % Printed Agendas 1, % Financial & Revenue Collections 5, % Tax Collector/Property Appraiser Fees % Accounting Services 16,300 1,358 1, % Auditing Services 3, % Arbitrage Rebate Calculation % Public Officials Liability Insurance 2,475 2,250 2, % Legal Advertising (122) 77.33% Dues, Licenses & Fees (250) 42.17% Website Hosting, Maintenance, Backup (and ) 2, % Legal Counsel District Counsel 10, ,100 (1,267) 79.00% Electric Utility Services Utility Services 1, % Water-Sewer Combination Services Utility-Repairs & Maintenance 3, (643) 74.73% Utility - Bulk Potable Water 145,221 12,102 10,570 1, % Stormwater Control

4 Statement of Revenues and General Fund (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Fountain Service Repairs & Maintenance 2, % Lake/Pond Bank Maintenance 2, % Aquatic Maintenance 5, % Mitigation Area Monitoring & Maintenance 16,950 1, , % Water Quality Monitoring 3, % Aquatic Plant Replacement % Stormwater System Maintenance 1, % Other Physical Environment Property Insurance % General Liability Insurance 2,475 2,250 2, % Landscape Maintenance 12,720 1,060 1,370 (310) 89.22% Fire Ant Treatment % Lift Station Maintenance 2, % Parks & Recreation Fire System Monitoring & Maintenance 5, % Contingency Miscellaneous Contingency 15,000 1, , % Total 318,385 37,560 38,493 (933) 87.91% Excess of Revenues Over (Under) 0 280, , % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 280, , % Fund Balance, Beginning of Period , , % Fund Balance, End of Period 0 280, , , %

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 24,700 24, % Total Revenues 24,700 24, % Contingency Capital Reserve 24, , % Total 24, , % Excess Of Revenues Over (Under) 0 24,751 24, % Excess Of Rev./Other Sources Over (Under) Expend./Other Uses 0 24,751 24, % Fund Balance, Beginning of Period 0 95,801 95, % Fund Balance, End of Period 0 120, , %

6 Statement of Revenues and Debt Service 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 150, ,039 (3,571) (2.37)% Debt Service Prepayments 0 6,449 6, % Total Revenues 150, ,711 3, % Debt Service Interest 85, , % Principal 65, , % Total 150, , % Excess Of Revenues Over (Under) 0 153, , % Other Financing Sources (Uses) Interfund Transfer 0 (86) (86) 0.00% Excess Of Rev./Other Sources Over (Under) Expend./Other Uses 0 153, , % Fund Balance, Beginning of Period 0 150, , % Fund Balance, End of Period 0 304, , %

7 Statement of Revenues and Capital Projects Fund (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Total Revenues % Excess Of Revenues Over (Under) % Other Financing Sources (Uses) Interfund Transfer % Excess Of Rev./Other Sources Over (Under) Expend./Other Uses % Fund Balance, Beginning of Period 0 23,241 23, % Fund Balance, End of Period 0 23,362 23, %

8 Lucaya CDD Investment Summary October 31, 2018 Balance as of Account Investment October 31, 2018 Bank of Tampa Money Market $ 57,357 Bank of Tampa ICS The Huntington National Bank Money Market 7,539 United Bank Money Market 194,712 Total General Fund Investments $ 259,608 SunTrust Water Reserve Money Market $ 45,323 The Bank of Tampa ICS Capital Reserve United Bank Money Market 50,529 Total Reserve Fund Investments $ 95,852 US Bank Series 2005 Reserve First American Treasury Obligation Fund Class Z $ 56,127 US Bank Series 2005 Revenue First American Treasury Obligation Fund Class Z 47,206 US Bank Series 2005 Revenue First American Treasury Obligation Fund Class Z 54,168 Total Debt Service Fund Investments $ 157,501 US Bank Series 2005 Deferred Cost First American Treasury Obligation Fund Class Z $ 23,362 Total Capital Project Fund Investments $ 23,362

9 Summary A/R Ledger General Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Lee County Tax Collector ARB , /1/2018 Lucaya Homeowners Association AR1023 1, Total General Fund 318,386.25

10 Summary A/R Ledger Reserve Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Lee County Tax Collector ARB , Total Reserve Fund 24,700.00

11 Summary A/R Ledger Debt Service Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Lee County Tax Collector ARB , Total Debt Service Fund 146, Report Balance 490,011.39

12 Aged Payables by Invoice Date Aging Date - 10/1/ General Fund Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Lee County Utilities 10/17/ /17/18 Water/Sewer Billing 10/18 10, Florida Fire Systems, LLC Barraco & Associates, Inc. 10/19/ Labor Charge for Pump Shutdown 10/18 10/23/ Engineering Services 10/ , The Breeze Corporation 10/24/ L02399 Monthly Legal Ad 10/ Hopping Green & Sams 10/25/ General/Monthly Legal Services 09/18 Nature's Blueprint of Southwest Florida, LLC Nature's Blueprint of Southwest Florida, LLC 10/25/ Labor for Garbage Removal 10/18 10/25/ Weed Control, Treat up to 1800x6' Canal 10/ Total General Fund 17, Report Total 17,508.01

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.