Channing Park Community Development District

Transcription

1 Channing Park Community Development District Financial Statements (Unaudited) November 30, 2018 Prepared by: Rizzetta & Company, Inc. channningparkcdd.org rizzetta.com

2 Balance Sheet As of 11/30/2018 (In Whole Numbers) Total Governmental General Fund Debt Service Fund Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 77, , Investments 168,732 38, , Accounts Receivable 82, , , Accounts Receivable - Other Bond Prepayments Receivable Prepaid Expenses Deposits Due From Other Funds 0 5,386 5, Amount Available in Debt Service ,779 Amount To Be Provided Debt Service ,465,221 Fixed Assets ,682,155 0 Total Assets 328, , ,474 2,682,155 1,620,000 Liabilities Accounts Payable Accrued Expenses Payable Other Current Liabilities Deferred Revenue Due To Other Funds 5, , Revenue Bonds Payable--Long Term ,620,000 Total Liabilities 5, , ,620,000 Fund Equity & Other Credits Beginning Fund Balance 251,666 65, ,581 2,682,155 0 Net Change in Fund Balance 71,643 88, , Total Fund Equity & Other Credits 323, , ,088 2,682,155 0 Total Liabilities & Fund Equity 328, , ,474 2,682,155 1,620,000

3 Statement of Revenues and Expenditures General Fund From 10/1/2018 Through 11/30/2018 (In Whole Numbers) Annual Budget Percent Annual YTD Budget YTD Actual YTD Variance Budget Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 88,586 88,586 89, (0.79)% Total Revenues 88,586 88,586 89, (0.81)% Expenditures Legislative Supervisor Fees 2, % Financial & Administrative Administrative Services 5, % District Management 19,900 3,317 3, % District Engineer 5, % Disclosure Report 1, % Trustees Fees 1,900 1, , % Assessment Roll 5,000 5,000 5, % Financial & Revenue Collections 5, % Accounting Services 17,000 2,833 2, % Auditing Services 3, % Arbitrage Rebate Calculation % Public Officials Liability Insurance 2,420 2,420 2, % Legal Advertising 1, % Dues, Licenses & Fees % Website Hosting, Maintenance, Backup 1, % Legal Counsel District Counsel 5, % Stormwater Control Stormwater Assessment 6,426 1, , % Other Physical Environment General Liability Insurance 2,420 2,420 2, % Contingency Miscellaneous Contingency 4, % Total Expenditures 88,586 23,904 17,658 6, % Excess of Revenues Over (Under) Expenditures 0 64,682 71,643 6, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 64,682 71,643 6, % Fund Balance, Beginning of Period , , % Fund Balance, End of Period 0 64, , , %

4 Statement of Revenues and Expenditures Debt Service Fund From 10/1/2018 Through 11/30/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 120, , % Total Revenues 120, ,264 1, % Expenditures Debt Service Interest 65,200 32,400 32, % Principal 55, , % Total Expenditures 120,200 32,400 87, % Excess of Revenues Over (Under) Expenditures 0 88,864 88, % Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 88,864 88, % Fund Balance, Beginning of Period 0 65,916 65, % Fund Balance, End of Period 0 154, , %

5 Investment Summary November 30, 2018 Balance as of Account Investment November 30, 2018 SunTrust Bank Money Market Account $ 168,732 Total General Fund Investments $ 168,732 US Bank Series 2018 Reserve First American Treasury Obligation Fund Class Z $ 30,050 US Bank Series 2018 Interest First American Treasury Obligation Fund Class Z 97 US Bank Series 2018 Revenue First American Treasury Obligation Fund Class Z 8,006 Total Debt Service Fund Investments $ 38,153

6 Summary A/R Ledger General Fund From 11/1/2018 Through 11/30/2018 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total General Fund 82,052.77

7 Summary A/R Ledger Debt Service Fund From 11/1/2018 Through 11/30/2018 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total Debt Service Fund 111, Report Balance 193,293.32

8 Notes to Unaudited Financial Statements November 30, 2018 Balance Sheet 1. Trust statement activity has been recorded through 11/30/ See EMMA (Electronic Municipal Market Access) at for Municipal Disclosures and Market Data. Summary A/R Ledger Payment Terms 3. 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.