Country Walk Community Development District

Transcription

1 Country Walk Community Development District Financial Statements (Unaudited) January 31, 2019 Prepared by: Rizzetta & Company, Inc. countrywalkcdd.org rizzetta.com

2 Balance Sheet As of 1/31/2019 (In Whole Numbers) General Fixed Assets Account General Fund Reserve Fund Debt Service Fund Group General Long-Term Debt Account Group Assets Cash In Bank 200, Investments 787, , Investments - Reserves 0 1,504, Accounts Receivable 62, , Prepaid Expenses Deposits 15, Due From Other Funds Amount Available-Debt Service Fund ,096 Amount To Be Provided-Debt Service ,142,904 Fixed Assets ,926,142 0 Total Assets 1,064,998 1,504, ,096 5,926,142 5,890,000 Liabilities Accounts Payable 44, Sales Tax Payable Accrued Expenses Payable 6, Other Current Liabilities Due To Other Funds Deposits Due to Amenity Center Customers 1, Revenue Bonds Payable-Long-Term ,890,000 Total Liabilities 51, ,890,000 Fund Equity & Other Credits Beginning Fund Balance 381,087 1,498, ,961 5,926,142 0 Net Change in Fund Balance 632,315 6, , Total Fund Equity & Other Credits 1,013,402 1,504, ,096 5,926,142 0 Total Liabilities & Fund Equity 1,064,998 1,504, ,096 5,926,142 5,890,000

3 Statement of Revenues and Expenditures General Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings 0 0 1,026 1, % Special Assessments Tax Roll 998, ,000 1,006,515 8,515 (0.85)% Other Miscellaneous Revenues Miscellaneous 0 0 3,332 3, % Total Revenues 998, ,000 1,010,873 12,873 (1.29)% Expenditures Legislative Supervisor Fees 13,000 4,333 3,000 1, % Financial & Administrative Administrative Services 5,800 1,933 1, % District Management 35,200 11,733 11, % District Engineer 15,000 5,000 11,815 (6,815) 21.23% Disclosure Report 1, % Trustees Fees 6,000 1,886 1, % Tax Collector/Property Appraiser % Fees Financial & Revenue Collections 5,000 1,667 1, % Accounting Services 21,000 7,000 7, % Auditing Services 3, % Arbitrage Rebate Calculation % Assessment Roll 5,000 5,000 5, % Public Officials Liability 4,500 4,500 4, % Insurance Legal Advertising (199) 26.80% Dues, Licenses & Fees (50) 71.87% Website Hosting, Maintenance, 2, % Backup (and ) Legal Counsel District Counsel 12,500 4,167 7,643 (3,477) 38.85% Law Enforcement Deputy 30,000 10,000 7,412 2, % Electric Utility Services Utility Services 30,000 10,000 7,480 2, % Street Lights 80,000 26,667 21,472 5, % Garbage/Solid Waste Control Services Garbage-Recreation Facility % Solid Waste Assessment 1,000 1, %

4 Statement of Revenues and Expenditures General Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Water-Sewer Combination Services Utility Services 7,250 2,417 2, % Stormwater Control Aquatic Maintenance 23,000 7,667 7, % Lake/Pond Bank Maintenance 7,500 2,500 67,500 (65,000) (800.00)% Fountain Service Repairs & Maintenance 2, % Mitigation Area Monitoring & Maintenance 10,000 3, , % Aquatic Plant Replacement 5,000 1, , % Stormwater Assessment 2,500 2,500 1, % Other Physical Environment Field Operations 7,200 2,400 2, % Landscape Replacement Plants, 20,000 6,667 6, % Shrubs, Trees Property Insurance 15,000 15,000 11,114 3, % General Liability Insurance 3,500 3,500 3, % Rust Prevention 6,000 2,000 1, % Entry & Walls Maintenance 5,000 1, , % Landscape Maintenance 210,000 70,000 74,231 (4,231) 64.65% Tree Trimming Services 5,000 1, , % Irrigation Repairs 10,000 3,333 1,770 1, % Holiday Decorations 7,500 7,500 7, % Road & Street Facilities Street Light Decorative Light 2, % Maintenance Sidewalk Repair & Maintenance 16,000 5, , % Parking Lot Repair & 2, % Maintenance Parks & Recreation Management Contract 18,000 6,000 11,439 (5,439) 36.45% Payroll Reimbursement -onsite 159,815 53,272 42,847 10, % staff Maintenance & Repair 20,000 6,667 3,822 2, % Telephone, Fax, Internet 4,000 1,333 1, % Clubhouse - Facility Janitorial Service 6,600 2,200 2, % Computer Support, Maintenance & Repair 1, % Office Supplies 2, %

5 Statement of Revenues and Expenditures General Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Clubhouse - Facility Janitorial Supplies 8,500 2, , % Furniture Repair/Replacement 5,000 1, , % Dog Waste Station Supplies 1, % Athletic/Park Court/Field Repairs 2, % Pool Service Contract 10,800 3,600 3, % Pool Repairs 5,000 1, , % Playground Equipment & Maintenance 5,000 1, , % Security System Monitoring & Maintenance Fitness Equipment Maintenance & Repairs 5,700 1,900 1, % 5,000 1,667 1, % Special Events Special Events 15,000 5,000 8,037 (3,037) 46.42% Contingency Wildlife Management Services 0 0 1,675 (1,675) 0.00% Capital Outlay 45,000 15,000 16,530 (1,530) 63.26% Capital Improvements 10,000 3, , % Miscellaneous Contingency 25,285 8, , % Total Expenditures 998, , ,431 (22,487) 61.98% Excess of Revenues Over (Under) Expenditures 0 641, ,442 (9,614) 0.00% Other Financing Sources (Uses) Prior Year AP Credit % Exc. of Rev/Other Sources Over/(Under) Exp/Other Uses 0 641, ,315 (8,741) 0.00% Fund Balance, Beginning of Period , , % Fund Balance, End of Period 0 641,056 1,013, , %

6 Statement of Revenues and Expenditures Reserve Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Current Period Actual Budget to Actual Variance Budget Percentage Remaining Revenues Interest Earnings Interest Earnings 0 6,023 6, % Total Revenues 0 6,023 6, % Excess of Revenues Over (Under) Expenditures 0 6,023 6, % Exc. of Rev/Other Sources Over/(Under) Exp/Other Uses 0 6,023 6, % Fund Balance, Beginning of Period 0 1,498,803 1,498, % Fund Balance, End of Period 0 1,504,826 1,504, %

7 Statement of Revenues and Expenditures Debt Service Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Current Period Actual Budget to Actual Variance Budget Percentage Remaining Revenues Interest Earnings Interest Earnings 0 2,440 2, % Special Assessments Tax Roll 492, ,248 4, % Debt Service Prepayments 0 7,373 7, % Total Revenues 492, ,060 14, % Expenditures Debt Service Interest 237, , , % Principal 255,000 5, , % Total Expenditures 492, , , % Excess of Revenues Over (Under) Expenditures 0 384, , % Exc. of Rev/Other Sources Over/(Under) Exp/Other Uses 0 384, , % Fund Balance, Beginning of Period 0 362, , % Fund Balance, End of Period 0 747, , %

8 Country Walk CDD Investment Summary January 31, 2019 Balance as of Account Investment January 31, 2019 The Bank of Tampa Money Market $ 240, ,977 The Bank of Tampa ICS - Bond Excess Mutual of Omaha Bank Money Market $ 3 The Huntington National Bank Money Market 104,414 The Park National Bank Money Market 1 Western Alliance Bank Money Market ,444 The Bank of Tampa ICS - Operating Lafayette Ambassador Bank Money Market $ 200,028 Mutual of Omaha Bank Money Market 2 Pinnacle Bank Money Market 13 Stifel Bank and Trust Money Market 56 The Park National Bank Money Market 241,596 Western Alliance Bank Money Market 8 441,703 Total General Fund Investments $ 787,124 The Bank of Tampa ICS - Cap Reserve BB&T Money Market $ 245,250 Bremer Bank, National Association Money Market 88,992 First National Bank of Omaha Money Market 245,246 Flushing Bank Money Market 245,250 Lafayette Ambassador Bank Money Market 45,003 Mutual of Omaha Bank Money Market 3 Pinnacle Bank Money Market 245,237 Stifel Bank and Trust Money Market 41 The Huntington National Bank Money Market 140,814 The Park National Bank Money Market 3,645 United Bank Money Market 245,250 Western Alliance Bank Money Market 95 Total Reserve Fund Investments $ 1,504,826 US Bank Series 2015 Prepayment First American Treasury Obligation Fund Class Z $ 7,829 US Bank Series 2015 Excess Revenue First American Treasury Obligation Fund Class Z 59,808 US Bank Series 2015 Revenue First American Treasury Obligation Fund Class Z 466,668 US Bank Series 2015 Reserve A1 First American Treasury Obligation Fund Class Z 166,525 US Bank Series 2015 Reserve A2 First American Treasury Obligation Fund Class Z 15,644 Total Debt Service Fund Investments $ 716,474

9 Summary A/R Ledger General Fund From 1/1/2019 Through 1/31/2019 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Pasco County Tax Collector FY , Total General Fund 62,108.59

10 Summary A/R Ledger Debt Service Fund From 1/1/2019 Through 1/31/2019 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Pasco County Tax Collector FY , Total Debt Service Fund 30, Report Balance 92,730.37

11 Aged Payables by Invoice Date Aging Date - 11/1/ General Fund From 1/1/2019 Through 1/31/2019 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Straley Robin Vericker 11/27/ Legal Services Account # /18 4, Florida Dept of Revenue 1/1/ /19 Sales & Use Tax 01/ Times Publishing 1/18/ /18/19 Account# Legal Company Advertising 01/19 Down To Earth LLC 1/23/ Landscape Installation 01/19 Down To Earth LLC 1/23/ Installed Mulch In Common Areas 01/19 Down To Earth LLC 1/23/ Installed Mulch in Playground Area 01/19 4, , , Pasco County Utilities Services Branch 1/25/ # Country Point Blvd 01/ Poop 911 Tampa 1/25/ Weekly Dog Park Waste Removal 01/ Rizzetta Amenity Services, Inc. 1/25/2019 INV Amenity Management Services 01/19 5, Ann Marie Goddard 1/26/ Goddard Rental Deposit Refund, Clubhouse 01/ Welch Tennis Courts, Inc 1/29/ Clean Tennis Court Baskets 01/ Fitness Logic 1/30/ Repaired Treadmill 01/ Pasco Sheriff's Office 1/31/2019 I-12/13/ Off Duty Detail 01/19 1, PC Consultants 1/31/ Repaired Printer 01/ AECOM Technical Services, Inc. 2/6/ Engineering Services Project # /19 3, Total General Fund 44, Report Total 44,021.70

12 Notes to Unaudited Financial Statements January 31, 2019 Balance Sheet 1. Trust statement activity has been recorded through 01/31/ 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.