Reserve at Pradera Community Development District

Transcription

1 Reserve at Pradera Community Development District Financial Statements (Unaudited) October 31, 2018 Prepared by: Rizzetta & Company, Inc. reserveatpraderacdd.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 40, , Investments , , Investments--Reserves 0 30, , Accounts Receivable--Other Accounts Receivable Assessments Receivable 400,078 20, , , Prepaid Expenses Deposits 9, , Due From Other Funds Amount Available in Debt Service ,882 Amount To Be Provided Debt Service ,722,380 Fixed Assets ,148,367 0 Total Assets 451,088 50, , ,313 5,148,367 3,170,262 Liabilities Accounts Payable 15, , Accrued Expenses Payable Other Current Liabilities Due To Other Funds Revenue Bonds Payable--Long Term ,155,000 Capital Lease Obligation ,262 Total Liabilities 15, , ,170,262 Fund Equity & Other Credits Beginning Fund Balance 76,495 30, , ,997 5,148,367 0 Net Change in Fund Balance 359,235 20, , , Total Fund Equity & Other Credits 435,729 50, , ,011 5,148,367 0 Total Liabilities & Fund Equity 451,088 50, , ,313 5,148,367 3,170,262

3 Statement of Revenues and Expenditures General Fund (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Special Assessments Tax Roll 216, , ,769 1,054 (0.48)% Off Roll 183, , , % Total Revenues 400, , ,130 1,054 (0.26)% Expenditures Financial & Administrative Administrative Services 4, % District Management 15,900 1,325 1, % District Engineer 10, % Disclosure Report 5, % Trustees Fees 3,500 3,000 2, % Assessment Roll 5,000 5,000 5, % Financial & Revenue Collections 3, % Accounting Services 18,000 1,500 1, % Auditing Services 3, % Arbitrage Rebate Calculation % Public Officials Liability 2,549 2,549 2, % Insurance Legal Advertising 1, (363) 55.40% Dues, Licenses & Fees % Website Hosting, Maintenance, 1, % Backup Legal Counsel District Counsel 10, % Security Operations Security Camera Equipment 7, % Lease Security Monitoring Services 15,000 1,250 2,042 (792) 86.38% Electric Utility Services Utility Services 65,000 5,417 5,855 (438) 90.99% Water-Sewer Combination Services Utility Services 2, % Stormwater Control Lake/Pond Bank Maintenance 10, % Aquatic Maintenance 20,000 1,667 1, % Aquatic Plant Replacement 5, % Other Physical Environment General Liability Insurance 3,116 3,116 2, %

4 Statement of Revenues and Expenditures General Fund (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Property Insurance 5,222 5,222 4, % Landscape Maintenance 76,372 6,364 7,015 (650) 90.81% Irrigation Maintenance 4, % Ornamental Lighting & Maintenance 2, % Entry Walls, Monument & Fountain Repairs & Maintenance 5, % Irrigation Repairs 5, % Landscape - Mulch 12,195 1, , % Fire Ant Treatment 2, % Landscape Replacement Plants, 5, % Shrubs, Trees Annuals 6, % Field Services 8, % Well Maintenance 2, % OTC Injections % Holiday Decorations 3, % Parks & Recreation Gate Maintenance & Repairs 1, (214) 70.25% Facility Maintenance & Repair 5, % Telephone, Fax, Internet 2, (0) 91.66% Clubhouse - Facility Janitorial Service 5, % Clubhouse - Facility Janitorial Supplies 1, % Pool Service Contract 6, % Pool Repairs & Equipment 3, % Fountain Service Contract 1, (159) 82.81% Pest Control 1, (0) 91.63% Furniture Repair/Replacement 2, % Dog Waste Station Supplies and Maintenance 2, % Basketball Court Maintenance & Supplies Playground Equipment and Maintenance 1, % 5, % Trail/Bike Path Maintenance 2, % Contingency Miscellaneous Contingency 7, % Total Expenditures 400,076 50,401 41,896 8, %

5 Statement of Revenues and Expenditures General Fund (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Excess Revenues Over/(Under) Expenditures 0 349, ,235 9, % Fund Balance, Beginning of Period ,495 76, % Fund Balance, End of Period 0 349, ,729 86, %

6 Statement of Revenues and Expenditures 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 20,000 20, % Total Revenues 20,000 20, % Expenditures Contingency Capital Reserves 20, , % Total Expenditures 20, , % Excess of Revenues Over/(Under) Expenditures 0 20,006 20, % Exc. Of Rev./Other Sources Over (Under) Expend./Other Uses 0 20,006 20, % Fund Balance, Beginning of Period 0 30,208 30, % Fund Balance, End of Period 0 50,215 50, %

7 Statement of Revenues and Expenditures 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 134, , % Off Roll 98,480 98, % Total Revenues 233, , % Expenditures Debt Service Payments Interest 183, , % Principal 50, , % Total Expenditures 233, , % Excess of Revenues Over/(Under) Expenditures 0 233, , % Exc. Of Rev./Other Sources Over (Under) Expend./Other Uses 0 233, , % Fund Balance, Beginning of Period 0 214, , % Fund Balance, End of Period 0 447, , %

8 Statement of Revenues and Expenditures Capital Projects Fund (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Excess of Revenues Over/(Under) Expenditures % Exc. Of Rev./Other Sources Over (Under) Expend./Other Uses % Fund Balance, Beginning of Period % Fund Balance, End of Period %

9 Reserve at Pradera CDD Investment Summary October 31, 2018 Balance as of Account Investment October 31, 2018 The Bank of Tampa Capital Reserve Money Market Account $ 30,215 Total Reserve Fund Investments $ 30,215 US Bank Series 2015 Revenue US Bank Money Market $ 99,142 US Bank Series 2015 Reserve US Bank Money Market 116,561 Total Debt Service Fund Investments $ 215,703 US Bank Series 2015 Acquisition & Construction US Bank Money Market $ 5 Total Capital Project Fund Investments $ 5

10 Summary A/R Ledger General Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , /18/2018 Beazer Homes , Total General Fund 400,077.76

11 Summary A/R Ledger Reserve Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , Total Reserve Fund 20,000.00

12 Summary A/R Ledger Debt Service Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY , /18/2018 Beazer Homes , Total Debt Service Fund 233, Report Balance 653,199.13

13 Aged Payables by Invoice Date Aging Date - 9/1/ General Fund Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Aqua Sentry 9/30/ Pool Service Contract 10/ Amazing National Service Group 10/1/ PHX Landscape & Irrigation Maintenance 10/18 7, Tampa Electric Company 10/17/2018 TECO Summary 10/18 Tampa Electric Summary Bill 10/18 BOCC 10/17/ / Palmera Reserve Drive 10/18 Aquatic Systems, Inc. 10/18/ Monthly Lake/Wetland Services-Add On 10/18 5, Times Publishing Company 10/19/ /19/18 Legal Advertising 10/ Securiteam Inc. 10/22/ Service Call 10/ JBW Designs LLC DBA 10/23/ Doggie Waste Stations Poop /18 Times Publishing Company 10/26/ /26/18 Legal Advertising 10/ Burr & Forman, LLP 11/7/ Legal Services 10/ Total General Fund 15, Report Total 15,358.98

14 RESERVE AT PRADERA COMMUNITY DEVELOPMENT DISTRICT CUSTODY ACCOUNT - SERIES 2015 Construction Custody Account Activity Through October 31, 2018 Inflows: Developer Contribution $ 128, Due From Developer - Total Inflows: $ 128, Outflows: Requisitions Requisition Requisition Status Date Number Contractor Amount as of 10/31/18 09/24/15 CUS 2 Burr & Forman $ (6,073.00) Cleared 09/24/15 CUS 3 JAH Architects (3,400.00) Cleared 09/24/15 CUS 4 K & G Excavating (5,500.00) Cleared 09/24/15 CUS 5 Scarola (3,500.00) Cleared 11/20/15 CUS 6 Burr & Forman LLP (7,526.40) Cleared 11/30/15 CUS 7 Burr & Forman LLP (97.50) Cleared 11/30/15 CUS 8 Scarola Associates (3,105.02) Cleared 02/14/17 CUS 12 Reserve at Pradera CDD (9,930.69) Cleared 06/07/18 CUS 14 Preferred Pools & Patios, Inc (35,600.00) Cleared 08/24/18 CUS 15 Preferred Pools & Patios, Inc (53,500.00) Cleared Total Requisitions: (128,232.61) Total Outflows: (128,232.61) Capital Projects Fund Balance at October 31, 2018 $ -

15 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. 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.