Riverwood Finance package Checklist

Transcription

1 Riverwood Finance package Checklist Governmental Financial Highlights x x Balance Sheet Statement of Revenues, Expenditures and Changes in Fund Balances Trend Report Notes to the Financial Statements (Executive Summary) - major variances and trands with a brief explanation - Due to / from reconciliation x - Summary of reserve accounts x Assessment Collection Schedule - Tax Collector Assessment Collection Schedule - Direct Bill x Bank Reconciliation x - Bank Statement Cash Flow Report x Cash and Investment Report Construction Report - Requisitions listing Enterprise x Executive Summary and Financial Notes x - Major variances and trends with a brief explanation x x Balance Sheet Monthly Statement of Revenues, Expenditures and Changes in Fund Balances Trend Report x Notes to the Financial Statements (to DM ONLY) Construction Report - Requisitions listing x x Accounts Payable: Funding Request Check Register Invoices (if requested by the Board) Comments: Signature and Date: Sonia Rowley 4/4/14 Approved: 2nd Approval request: Due to Recording

2 Riverwood Community Development District Balance Sheet - All Funds Notes to the Financial Statements Assets The District has numerous CDs with varying maturities in order to maximize liquidity of cash. (See Cash & Investments Report for further details.) Accounts Receivable in the Water, Sewer & Irrigation Fund represents amounts due on utility accounts. Interest Receivable represents the amount of interest earned in FY 2013 that has not been received. The SBA accounts are updated with Fair Market Value balances at the end of the fiscal year. Liabilities Accounts payable represents expenses accrued for the month. Accrued expenses represents expenses accrued for the month. Deposits in the Water, Sewer & Irrigation Fund represents amounts held on utility accounts. Other Current Liabilites in the Water, Sewer & Irrigation Fund represents credit balances due to utlitiy customers. Deferred Outflow Resources-DAOR in the Water, Sewer & Irrigation Fund represents an amount from refunding. Fund Balance In the General Fund, the Reserves-Dog Park Fund Balance is for dog park repairs & maintenance. In the General Fund, the Reserves-Recreation Facilities Fund Balance is for activity center repairs & maintenance. In the General Fund, the Reserves-Roadways Fund Balance is for roadway repairs & maintenance. In the General Fund, the Reserves-RV Park Fund Balance is for RV Park repairs & maintenance. In the Water, Sewer & Irrigation Fund, the Reserves-Sewer System is for sewer system repairs & maintenance. In the Water, Sewer & Irrigation Fund, the Reserves-Water System is for water system repairs & maintenance. The notes are intended to provide additional information helpful when reviewing the financial statements. Report Date: 4/4/2014 Prepared By: Severn Trent Management Services

3 Riverwood Community Development District All Funds Notes to the Financial Statements Financial Overview / Highlights In the General Fund, total revenues are currently at 94% of the annual budget. Approximately 94% of the general fund special assessments and 92% of the debt service fund special assessments have been collected. Due to poor economic conditions, the interest earned on the checking and money market accounts is very low. In the Water, Sewer & Irrigation Fund, total revenues are currently at 51% of the annual budget. Due to poor economic conditions, the interest earned on the checking and money market accounts is very low. In the General Fund, total expenditures are at approximately 39% of the annual budget. In the Water, Sewer & Irrigation Fund, total expenditures are at approximately 53% of the annual budget. Variance Analysis Account Name Annual Budget YTD Actual % of Budget Explanation General Fund Expenditures Administrative P/R-Board of Supervisors $1,800 $1,050 58% All payments to supervisors. Supervisors paid for continuation meetings which were not budgeted. ProfServ-Legal Services $2,520 $17, % Over budget; all payments to Blalock Walters for legal fees. ProfServ-Trustee $5,375 $5, % Insurance-Property $14,131 $8,535 60% Trustee fees for Series 2007A and 2007B have been paid for the year. Three quarterly payments for insurance have been made. Insurance-General Liability $1,572 $1,038 66% Three quarterly payments for insurance have been made. Miscellaneous Services $790 $566 72% Misc-Web Hosting $150 $81 54% Includes bank charges, telephone costs and the annual filing fee. All payments to Severn Trent for web hosting and GoDaddy expenses. Flood Control/Stormwater Mgmt Contracts-Preserve Maintenance $14,400 $0 0% Contracts-Lakes $36,000 $14,215 39% Preserve maintenance done on an as needed basis. All payments to Beautiful Ponds for lake management. R&M-Storm Drain Cleaning $20,000 $22, % Over budget; all payments to Severn Trent for storm drain maintenance. The notes are intended to provide additional information helpful when reviewing the financial statements. Report Date: 4/4/2014 Prepared By: Severn Trent Management Services

4 Riverwood Community Development District All Funds Notes to the Financial Statements Account Name Annual Budget YTD Actual % of Budget Explanation Field Utility-Water & Sewer $7,500 $6,108 81% R&M-General $3,500 $4, % Misc-Special Projects $50,000 $17,985 36% Capital Outlay $0 $27,500 0% All payments to NHC Utilities and Riverwood CDD for water & sewer. Over budget; includes $4,725 to Sunland Paving for asphalt sealing. Includes $3,750 for master planning services, $1,402 for chair cushions, $3,850 for activity center door opener and various other items. Includes $25,000 deposit for Beach Club purchase and $2,500 for appraisal of the same. Reserves Reserves-Dog Park $2,000 -$2, % Reserves-RV Park $13,000 $34, % Credit for prior year Quality Door expense. Over budget; includes payment to DM Construction for paving. Water, Sewer & Irrigation Fund Revenues Other Miscellaneous Revenues $16,500 $6,240 38% Includes return check fees, miscellaneous utility billing adjustments, late charges, activation fees. Water, Sewer & Irrigation Fund Expenditures Administrative P/R-Board of Supervisors $10,200 $5,950 58% All payments to supervisors. Supervisors paid for continuation meetings which were not budgeted. Insurance-Property $7,069 $4,270 60% Three quarterly payments for insurance have been made. Insurance-General Liability $4,716 $3,114 66% Three quarterly payments for insurance have been made. Misc-Web Hosting $850 $460 54% All payments to Severn Trent for web hosting and GoDaddy expenses. The notes are intended to provide additional information helpful when reviewing the financial statements. Report Date: 4/4/2014 Prepared By: Severn Trent Management Services

5 Riverwood Community Development District All Funds Notes to the Financial Statements Account Name Annual Budget YTD Actual % of Budget Explanation Water-Sewer Comb Services Communication-Telephone $2,020 $1,226 61% Includes payments to Century Link for phone services. Utility-Base Rate $116,300 $59,597 51% R&M-General $154,000 $331, % Includes payments to Charlotte County Utilities for the purchase of bulk water. Over budget; all payments for various repairs and maintenance items. Misc-Sludge Hauling $45,000 $31,266 69% Misc-Bad Debt $0 $183 0% Over budget; all payments for sludge hauling. Over budget; amount written off by utility billing. Amount not budgeted. Capital Outlay $0 $21,888 0% Over budget; all payments for hydroguard project. Cap Outlay-Reclaimed Water Proj $0 $2,700 0% Over budget; all payments for the reclaimed water project. Cap Outlay-Storage Building Project $0 $5,085 0% Over budget; all payments for the storage building project. Cap Outlay-Waste Water Cover $150,000 $119,442 80% All payments for the waste water cover. The notes are intended to provide additional information helpful when reviewing the financial statements. Report Date: 4/4/2014 Prepared By: Severn Trent Management Services

6 Riverwood Community Development District Financial Report March 31, 2014 Prepared by

7 Riverwood Community Development District Table of Contents FINANCIAL STATEMENTS Balance Sheet - All Funds Page 1-2 Statement of Revenues, Expenditures and Changes in Fund Balances General Fund Page 3-5 Debt Service Funds Page 6-7 Statement of Revenues, Expenses and Net Assets Water, Sewer & Irrigation Fund Page 8-14 SUPPORTING SCHEDULES Non-Ad Valorem Special Assessments Page 15 Check Register & Invoices Page Accounts Payable Detail & Invoices Page Accrued Expenses Detail Page 99 Bank Reconciliations, Bank Statements & Analysis Statements.. Page Reserve Schedules Page Cash & Investment Report Page Capital Improvement Program Page 120 Monthly Activity Report Page

8 Riverwood Community Development District Financial Statements (Unaudited) March 31, 2014

9 RIVERWOOD Community Development District Report Date: 4/4/ Governmental and Enterprise Funds Balance Sheet March 31, 2014 I J Y Z AE A AH A AK A AQ ACCOUNT DESCRIPTION GENERAL FUND 2007A DEBT SERVICE FUND 2007B DEBT SERVICE FUND WATER, SEWER & IRRIGATION FUND TOTAL ASSETS Cash - Checking Account $ 268,355 $ - $ - $ 503,845 $ 772,200 Accounts Receivable , ,412 Accounts Receivable > ,939 30,939 Interest/Dividend Receivables 6, ,293 15,581 Due From Other Funds ,764 42,764 Investments: Certificates of Deposit - 12 Months 252, , ,885 Certificates of Deposit - 18 Months 310, , ,295 Certificates of Deposit - 24 Months 150, ,000 Certificates of Deposit - 36 Months 200, , ,000 Money Market Account 743, , ,467 SBA Account 3, ,290 5,357 SBA Account - Restricted 1, ,807 6,051 SBA Account Reserves 3, ,887 SBA Account Reserves - Restricted 4, ,019 Interest Account ,317 3,317 Interest Account B Principal ,216 81,216 Redemption Fund ,199 1,199 Redemption Fund A - 7, ,854 Redemption Fund B - - 4,688-4,688 Renewal & Replacement , ,721 Reserve Fund B , ,582 Revenue Fund A - 190, ,063 Revenue Fund B , ,651 FMV Adjustment ,887 Fixed Assets Land , ,000 Buildings ,078,024 1,078,024 Accum Depr - Buildings (527,199) (527,199) Infrastructure ,805,676 8,805,676 Accum Depr - Infrastructure (1,468,153) (1,468,153) Construction Work In Process ,082 4,082 TOTAL ASSETS $ 1,945,120 $ 197,917 $ 856,087 $ 9,870,507 $ 12,869,631 Page 1

10 RIVERWOOD Community Development District Report Date: 4/4/ Governmental and Enterprise Funds Balance Sheet March 31, 2014 I J Y Z AE A AH A AK A AQ LIABILITIES ACCOUNT DESCRIPTION GENERAL FUND 2007A DEBT SERVICE FUND 2007B DEBT SERVICE FUND WATER, SEWER & IRRIGATION FUND TOTAL Accounts Payable $ 10,022 $ - $ - $ 141,188 $ 151,210 Accrued Expenses 5, ,886 Due To Other Gov'tl Units ,351 3,351 Accrued Interest Payable ,305 3,305 Sales Tax Payable Deposits , ,423 Other Current Liabilities Defer. Outfl. Resources-DAOR (639) (639) Due To Other Funds 42, ,764 Revenue Bonds Payable-LT , ,429 TOTAL LIABILITIES 58, , ,475 FUND BALANCES / NET ASSETS Fund Balances Restricted for: Debt Service - 197, ,087-1,054,004 Assigned to: Operating Reserves 142, ,515 Reserves - Dog Park 4, ,918 Reserves-Recreation Facilities 483, ,397 Reserves - Roadways 630, ,758 Reserves - RV Park Unassigned: 624, ,241 Net Assets Invested in capital assets, net of related debt ,060,195 8,060,195 Restricted for Debt Service , ,049 Reserves - Sewer System ,025,183 1,025,183 Reserves - Water System , ,394 Unrestricted/Unreserved ,984 7,984 TOTAL FUND BALANCES / NET ASSETS $ 1,886,347 $ 197,917 $ 856,087 $ 9,436,805 $ 12,377,156 TOTAL LIABILITIES & FUND BALANCES / NET ASSETS $ 1,945,120 $ 197,917 $ 856,087 $ 9,870,507 $ 12,869,631 Page 2

11 RIVERWOOD Community Development District General Fund M U X Y Z A AB A AD A AL A AN A AP A AT Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending March 31, REVENUES ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF MAR-14 MAR-14 VARIANCE ($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL FAV(UNFAV) Interest - Investments $ 3,000 $ 1,500 $ 1,046 $ (454) 34.87% $ 250 $ 494 $ 244 Special Assmnts- Tax Collector 574, , ,580 60, % 95,722 6,713 (89,009) Special Assmnts- Discounts (22,973) (19,144) (19,896) (752) 86.61% (3,829) (66) 3,763 Other Miscellaneous Revenues % Access Cards (280) 3.33% 50 - (50) Dog Park Revenue 2,000 1,000 3,064 2, % RV Park Revenue 13,000 6,500 13,627 7, % 1,083 4,103 3,020 TOTAL REVENUES 570, , ,669 68, % 93,451 11,446 (82,005) EXPENDITURES Administration P/R-Board of Supervisors 1, ,050 (150) 58.33% FICA Taxes (11) 57.97% ProfServ-Arbitrage Rebate 1, % ProfServ-Legal Services 2,520 1,260 17,508 (16,248) % 210 4,505 (4,295) ProfServ-Mgmt Consulting Serv 14,605 7,302 7, % 1,217 1,217 - ProfServ-Trustee 5,375 5,375 5, % Auditing Services 1, % Postage and Freight % Insurance - Property 14,131 10,598 8,535 2, % 3,533 3,754 (221) Insurance - General Liability 1,572 1,179 1, % (54) Printing and Binding 1, % Legal Advertising % Miscellaneous Services (171) 71.65% 66 (78) 144 Misc-Assessmnt Collection Cost 11,487 9,573 10,394 (821) 90.48% 1, ,782 Misc-Web Hosting (6) 54.00% Office Supplies % Total Administration 57,507 38,595 52,924 (14,329) 92.03% 7,734 10,322 (2,588) Report Date: 4/4/2014 Page 3

12 RIVERWOOD Community Development District General Fund M U X Y Z A AB A AD A AL A AN A AP A AT Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending March 31, ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF MAR-14 MAR-14 VARIANCE ($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL FAV(UNFAV) Flood Control/Stormwater Mgmt Contracts-Preserve Maintenance 14,400 7,200-7, % 1,200-1,200 Contracts-Lakes 36,000 18,000 14,215 3, % 3,000-3,000 R&M-Lake 15,000 7,500-7, % 1,250-1,250 R&M-Storm Drain Cleaning 20,000 10,000 22,637 (12,637) % 1,667-1,667 R&M-Preserves 15,000 7,500 4,781 2, % 1,250-1,250 Misc-Contingency 2,000 1, % (483) Total Flood Control/Stormwater Mgmt 102,400 51,200 42,283 8, % 8, ,884 Field ProfServ-Field Management 12,000 6,000 6, % 1,000 1,000 - Electricity - General 44,000 22,000 21, % 3,667 3,724 (57) Utility - Water & Sewer 7,500 3,750 6,108 (2,358) 81.44% 625 1,157 (532) R&M-General 3,500 1,750 4,725 (2,975) % Misc-Special Projects 50,000 25,000 17,985 7, % 4,167 (6,300) 10,467 Misc-Contingency 8,563 4,281 2,103 2, % Capital Outlay ,500 (27,500) 0.00% - 27,500 (27,500) Total Field 125,563 62,781 85,786 (23,005) 68.32% 10,465 27,081 (16,616) Road and Street Facilities R&M-Sidewalks 12,000 6,000 2,275 3, % 1,000-1,000 R&M-Signage 5,000 2,500-2, % R&M-Roads 24,500 12,250-12, % 2,042-2,042 R&M-Road Striping 5,000 2, , % Misc-Contingency 2,000 1,000-1, % Total Road and Street Facilities 48,500 24,250 2,298 21, % 4,043-4,043 Total Operating Expenses Before Reserves 333, , ,291 (6,465) 54.88% 30,776 38,053 (7,277) Operating Income (Loss) Before Reserves 236, , ,378 75, % 62,675 (26,607) (74,728) Report Date: 4/4/2014 Page 4

13 RIVERWOOD Community Development District General Fund M U X Y Z A AB A AD A AL A AN A AP A AT Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending March 31, ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF MAR-14 MAR-14 VARIANCE ($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL FAV(UNFAV) Reserves Reserve - Dog Park 2,000 2,000 (2,142) 4, % (188) Reserves-Rec Facilities 54,260 54,260 5,475 48, % - 6,300 (6,300) Reserve - Roadways 166, , , % Reserve - RV Park 13,000 13,000 34,418 (21,418) % - 75 (75) Total Reserves 236, ,090 37, , % - 6,563 (6,563) TOTAL EXPENDITURES & RESERVES 570, , , , % 30,776 44,616 (13,840) Excess (deficiency) of revenues Over (under) expenditures - 55, , , % 62,675 (33,170) (95,845) Net change in fund balance $ - $ 55,901 $ 316,627 $ 260, % $ 62,675 $ (33,170) $ (95,845) FUND BALANCE, BEGINNING (OCT 1, 2013) 1,569,720 1,569,720 1,569,720 FUND BALANCE, ENDING $ 1,569,720 $ 1,625,621 $ 1,886,347 Report Date: 4/4/2014 Page 5

14 RIVERWOOD Community Development District 2007A Debt Service Fund M U X Y Z A AB A AD A AL A AN A AP A AT Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending March 31, REVENUES ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF MAR-14 MAR-14 VARIANCE ($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL FAV(UNFAV) Interest - Investments $ 70 $ 35 $ 35 $ % $ 6 $ 7 $ 1 Special Assmnts- Tax Collector 109,650 91, ,813 9, % 18,275 1,296 (16,979) Special Assmnts- Discounts (4,386) (3,655) (3,645) % (731) (13) 718 TOTAL REVENUES 105,334 87,755 97,203 9, % 17,550 1,290 (16,260) EXPENDITURES Debt Service Misc-Assessmnt Collection Cost 2,193 1,828 1,943 (115) 88.60% Principal Debt Retirement 72,093-37,091 (37,091) 51.45% Interest Expense 31,656 16,312 16, % Total Debt Service 105,942 18,140 55,345 (37,205) 52.24% TOTAL EXPENDITURES 105,942 18,140 55,345 (37,205) 52.24% Excess (deficiency) of revenues Over (under) expenditures (608) 69,615 41,858 (27,757) % 17,184 1,264 (15,920) OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance (608) % TOTAL FINANCING SOURCES (USES) (608) % Net change in fund balance $ (608) $ 69,615 $ 41,858 $ (27,757) % $ 17,184 $ 1,264 $ (15,920) FUND BALANCE, BEGINNING (OCT 1, 2013) 156, , ,059 FUND BALANCE, ENDING $ 155,451 $ 225,674 $ 197,917 Report Date: 4/4/2014 Page 6

15 RIVERWOOD Community Development District 2007B Debt Service Fund M U X Y Z A AB A AD A AL A AN A AP A AT Statement of Revenues, Expenditures and Changes in Fund Balances For the Period Ending March 31, REVENUES ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF MAR-14 MAR-14 VARIANCE ($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL FAV(UNFAV) Interest - Investments $ 200 $ 100 $ 180 $ % $ 17 $ 32 $ 15 Special Assmnts- Tax Collector 200, , ,882 17, % 33,333 2,364 (30,969) Special Assmnts- Discounts (8,000) (6,667) (6,648) % (1,333) (23) 1,310 TOTAL REVENUES 192, , ,414 17, % 32,017 2,373 (29,644) EXPENDITURES Debt Service Misc-Assessmnt Collection Cost 4,000 3,333 3,545 (212) 88.63% Principal Debt Retirement 830, % Interest Expense 34,250 17,266 17, % Total Debt Service 868,250 20,599 20,811 (212) 2.40% TOTAL EXPENDITURES 868,250 20,599 20,811 (212) 2.40% Excess (deficiency) of revenues Over (under) expenditures (676,050) 139, ,603 17, % 31,350 2,326 (29,024) OTHER FINANCING SOURCES (USES) Contribution to (Use of) Fund Balance (676,050) % TOTAL FINANCING SOURCES (USES) (676,050) % Net change in fund balance $ (676,050) $ 139,501 $ 156,603 $ 17, % $ 31,350 $ 2,326 $ (29,024) FUND BALANCE, BEGINNING (OCT 1, 2013) 699, , ,484 FUND BALANCE, ENDING $ 23,434 $ 838,985 $ 856,087 Report Date: 4/4/2014 Page 7

16 RIVERWOOD Community Development District Water, Sewer and Irrigation Fund M U X Y Z A AB A AD A AL A AN A AP A AT Statement of Revenues, Expenses and Changes in Net Assets For the Period Ending March 31, OPERATING REVENUES ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF MAR-14 MAR-14 VARIANCE ($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL FAV(UNFAV) Interest - Investments $ 5,000 $ 2,500 $ 2,128 $ (372) 42.56% $ 417 $ 1,341 $ 924 Water-Base Rate 180,000 90,000 91,497 1, % 15,000 15, Water-Usage 250, ,000 81,309 (43,691) 32.52% 20,833 16,180 (4,653) Irrigation-Base Rate 75,000 37,500 39,195 1, % 6,250 6, Irrigation-Usage 115,000 57,500 57,420 (80) 49.93% 9,583 7,965 (1,618) Sewer Revenue 1,100, , ,044 29, % 91,667 96,616 4,949 Meter Fees 12,000 6,000 2,860 (3,140) 23.83% 1, (220) Standby Fees 40,000 20,000 30,357 10, % 3,333 4,975 1,642 Other Miscellaneous Revenues 16,500 8,250 6,240 (2,010) 37.82% 1,375 1,266 (109) Installation Charges % Connection Fees - W/S ,760 13, % - 3,440 3,440 Compliance Fees ,880 12, % TOTAL OPERATING REVENUES 1,793, , ,935 20, % 149, ,467 5,009 OPERATING EXPENSES Personnel and Administration P/R-Board of Supervisors 10,200 5,100 5,950 (850) 58.33% FICA Taxes (64) 58.26% ProfServ-Engineering 11,500 5,750 4,250 1, % 958 3,000 (2,042) ProfServ-Legal Services 14,280 7, , % 1,190-1,190 ProfServ-Mgmt Consulting Serv 82,763 41,382 41, % 6,897 6,897 - Auditing Services 5,950 2,975-2, % Postage and Freight 3,507 1,754 1, % Insurance - Property 7,069 5,302 4,270 1, % 1,767 1,878 (111) Insurance - General Liability 4,716 3,537 3, % 1,179 1,341 (162) Printing and Binding 8,369 4,184 3, % Legal Advertising 2,424 1, % Miscellaneous Services 4,478 2,239 1, % Misc-Web Hosting (35) 54.12% Office Supplies % Total Personnel and Administration 157,822 81,859 67,646 14, % 14,619 15,353 (734) Report Date: 4/4/2014 Page 8

17 RIVERWOOD Community Development District Water, Sewer and Irrigation Fund M U X Y Z A AB A AD A AL A AN A AP A AT Statement of Revenues, Expenses and Changes in Net Assets For the Period Ending March 31, ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF MAR-14 MAR-14 VARIANCE ($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL FAV(UNFAV) Water-Sewer Comb Services ProfServ-Utility Billing 3,300 1, , % Contracts-Other Services 388, , ,003 10, % 32,410 30,667 1,743 Communication - Telephone 2,020 1,010 1,226 (216) 60.69% (17) Electricity - General 70,000 35,000 32,527 2, % 5,833 6,381 (548) Utility - Water & Sewer 8,000 4,000 1,071 2, % Utility - Base Rate 116,300 58,150 59,597 (1,447) 51.24% 9,692 9,948 (256) Utility - Water-Usage 329, ,800 96,471 68, % 27,467 20,577 6,890 R&M-General 154,000 77, ,728 (254,728) % 12,833 57,856 (45,023) R&M-Sludge Hauling 45,000 22,500 31,266 (8,766) 69.48% 3,750 9,299 (5,549) Misc-Bad Debt (183) 0.00% (183) Misc-Licenses & Permits % 1-1 Misc-Biological Treatment 42,000 21,000-21, % 3,500-3,500 Misc-Contingency 11,531 5, , % Op Supplies - Chemicals 20,000 10, , % 1,667-1,667 Capital Outlay ,888 (21,888) 0.00% - 21,888 (21,888) Cap Outlay-Reclaimed Water Pro - - 2,700 (2,700) 0.00% Cap Outlay-Storage Build. Proj - - 5,085 (5,085) 0.00% Cap Outlay-Waste Water Cover 150,000 75, ,442 (44,442) 79.63% 12,500-12,500 Cap Outlay-Water Looping Proj. 150,000 75,000-75, % 12,500-12,500 Total Water-Sewer Comb Services 1,490, , ,918 (143,580) 59.63% 124, ,341 (33,117) Debt Service ProfServ-Arbitrage Rebate % ProfServ-Trustee 2,694 2,694-2, % 2,694-2,694 Principal Debt Retirement 162, % Interest Expense 6,611 3,306 3, % (12) Total Debt Service 172,334 6,000 3,305 2, % 3, , TOTAL OPERATING EXPENSES 1,820, , ,869 (126,672) 52.72% 142, ,257 (31,169) Report Date: 4/4/2014 Page 9

18 RIVERWOOD Community Development District Water, Sewer and Irrigation Fund M U X Y Z A AB A AD A AL A AN A AP A AT Statement of Revenues, Expenses and Changes in Net Assets For the Period Ending March 31, ANNUAL YTD ACTUAL ADOPTED YEAR TO DATE YEAR TO DATE VARIANCE ($) AS A % OF MAR-14 MAR-14 VARIANCE ($) ACCOUNT DESCRIPTION BUDGET BUDGET ACTUAL FAV(UNFAV) ADOPTED BUD BUDGET ACTUAL FAV(UNFAV) Operating income (loss) (27,333) 63,553 (42,934) (106,487) % 7,370 (18,790) (26,160) Change in net assets $ (27,333) $ 63,553 $ (42,934) $ (106,487) % $ 7,370 $ (18,790) $ (26,160) TOTAL NET ASSETS, BEGINNING (OCT 1, 2013) 9,479,739 9,479,739 9,479,739 TOTAL NET ASSETS, ENDING $ 9,452,406 $ 9,543,292 $ 9,436,805 Report Date: 4/4/2014 Page 10

19 G L R S T U V W X Y Z AA AB AC AD AE AF AG OPERATING REVENUE ANNUAL ADOPTED BUDGET YEAR TO DATE BUDGET YEAR TO DATE ACTUAL YTD BUDGET VS. ACTUAL VARIANCE FAVORABLE (UNFAVORABLE) YTD ACTUAL AS % OF ANNUAL ADOPTED BUDGET CURRENT MONTH BUDGET CURRENT MONTH ACTUAL $ $ $ $ $ $ $ CURRENT BUDGET VS. ACTUAL VARIANCE FAVORABLE (UNFAVORABLE) SEWER REVENUE 1,100, , ,044 29, % 91,667 96,616 4,949 STANDBY FEES 40,000 20,000 30,357 10, % 3,333 4,975 1,642 OTHER MISCELLANEOUS REVENUES 14,000 7,000 5,304 (1,696) 37.89% 1,167 1,076 (91) CONNECTION FEES - W/S ,760 13, % - 3,440 3,440 TOTAL OPERATING REVENUES 1,154, , ,465 51, % 96, ,107 9,940 OPERATING EXPENSES PERSONNEL AND ADMINISTRATION P/R-BOARD OF SUPERVISORS 7,800 3,900 4,550 (650) 58.33% FICA TAXES (50) 58.29% (0) PROFSERV-ENGINEERING 10,000 5,000 4, % 833 3,000 (2,167) PROFSERV-LEGAL SERVICES 10,920 5, , % PROFSERV-MGMT CONSULTING SERV 63,289 31,644 31,645 (1) 50.00% 5,274 5,274 0 AUDITING SERVICES 4,550 2,275-2, % POSTAGE AND FREIGHT 2,681 1, % INSURANCE - PROPERTY 6,251 4,688 3, % 1,563 1,660 (97) INSURANCE - GENERAL LIABILITY 1,572 1,179 1, % (54) PRINTING AND BINDING 6,399 3,200 3, % LEGAL ADVERTISING 1, % MISCELLANEOUS SERVICES 3,424 1,712 1, % MISC-WEB HOSTING (27) 54.15% OFFICE SUPPLIES % TOTAL PERSONNEL AND ADMINISTRATION 120,702 62,307 51,965 10, % 10,983 12,092 (1,109) OTHER OPERATING EXPENSES RIVERWOOD CDD WATER, SEWER & IRRIGATION FUND STATEMENT OF REVENUES, EXPENSES AND FUND NET ASSETS - (SEWER ONLY) FOR THE PERIOD ENDING MARCH 31, 2014 DEBT SERVICE PAYMENTS PROFSERV-ARBITRAGE REBATE % PROFSERV-TRUSTEE 2,694 2,694-2, % 2,694-2,694 TOTAL DEBT SERVICE PAYMENTS 3,294 2,694-2, % 2,694-2,694 WATER-SEWER COMB SERVICES PROFSERV-UTILITY BILLING 2,350 1, % CONTRACTS-OTHER SERVICES 313, , ,327 8, % 26,126 24,722 1,404 COMMUNICATION - TELEPHONE 2,020 1,010 1,226 (216) 60.69% (17) ELECTRICITY - GENERAL 55,000 27,500 20,885 6, % 4,583 4, UTILITY - WATER & SEWER 8,000 4,000 1,071 2, % R&M-GENERAL 125,000 62, ,944 (115,444) % 10,417 38,540 (28,123) R&M-SLUDGE HAULING 45,000 22,500 31,266 (8,766) 69.48% 3,750 9,299 (5,549) MISC-BAD DEBT (183) 0.00% (183) MISC-LICENSES & PERMITS % 1-1 MISC-BIOLOGICAL TREATMENT 42,000 21,000-21, % 3,500-3,500 MISC-CONTINGENCY 5,758 2, , % OP SUPPLIES - CHEMICALS 10,000 5, , % CAP OUTLAY-STORAGE BUILD. PROJ - - 5,085 (5,085) 0.00% CAP OUTLAY-WASTE WATER COVER 150,000 75, ,442 (44,442) 79.63% 12,500-12,500 TOTAL WATER-SEWER COMB SERVICES 758, , ,877 (127,554) 66.81% 63,221 77,784 (14,563) Page 11 REPORT DATE: 4/4/2014 NOTE: MINOR DIFFERENCES IN STATEMENT TOTALS ARE A DIRECT RESULT OF ROUNDING TO WHOLE DOLLARS. (UNAUDITED)

20 G L R S T U V W X Y Z AA AB AC AD AE AF AG ANNUAL ADOPTED BUDGET YEAR TO DATE BUDGET RIVERWOOD CDD WATER, SEWER & IRRIGATION FUND STATEMENT OF REVENUES, EXPENSES AND FUND NET ASSETS - (SEWER ONLY) FOR THE PERIOD ENDING MARCH 31, 2014 YEAR TO DATE ACTUAL YTD BUDGET VS. ACTUAL VARIANCE FAVORABLE (UNFAVORABLE) YTD ACTUAL AS % OF ANNUAL ADOPTED BUDGET CURRENT MONTH BUDGET CURRENT MONTH ACTUAL $ $ $ $ $ $ $ CURRENT BUDGET VS. ACTUAL VARIANCE FAVORABLE (UNFAVORABLE) DEBT SERVICE PRINCIPAL DEBT RETIREMENT 162, % INTEREST EXPENSE 6,611 3,306 3, % (12.08) TOTAL DEBT SERVICE 169,040 3,306 3, % (12) TOTAL OPERATING EXPENSES 1,051, , ,147 (114,517) 53.45% 77,449 90,439 (12,990) OPERATING INCOME (LOSS) 102, ,370 66,318 (63,052) -65% 18,718 15,668 (3,050) Page 12 REPORT DATE: 4/4/2014 NOTE: MINOR DIFFERENCES IN STATEMENT TOTALS ARE A DIRECT RESULT OF ROUNDING TO WHOLE DOLLARS. (UNAUDITED)

21 G L R S T U V W X Y Z AA AB AC AD AE AF AG OPERATING REVENUE ANNUAL ADOPTED BUDGET YEAR TO DATE BUDGET YEAR TO DATE ACTUAL YTD BUDGET VS. ACTUAL VARIANCE FAVORABLE (UNFAVORABLE) YTD ACTUAL AS % OF ANNUAL ADOPTED BUDGET CURRENT MONTH BUDGET CURRENT MONTH ACTUAL $ $ $ $ $ $ $ CURRENT BUDGET VS. ACTUAL VARIANCE FAVORABLE (UNFAVORABLE) WATER-BASE RATE 180,000 90,000 91,497 1, % 15,000 15, WATER-USAGE 250, ,000 81,309 (43,691) 32.52% 20,833 16,180 (4,653) METER FEES 11,000 5,500 1,540 (3,960) 14.00% (477) OTHER MISCELLANEOUS REVENUES 2,500 1, (314) 37.44% (18) INSTALLATION CHARGES % TOTAL OPERATING REVENUES 443, , ,527 (46,223) 39.58% 36,958 32,174 (4,784) OPERATING EXPENSES PERSONNEL AND ADMINISTRATION P/R-BOARD OF SUPERVISORS 1, (100) 58.33% FICA TAXES (8) 58.70% 8 8 (0) PROFSERV-ENGINEERING % PROFSERV-LEGAL SERVICES 1, % PROFSERV-MGMT CONSULTING SERV 9,737 4,869 4,869 (0) 50.01% AUDITING SERVICES % POSTAGE AND FREIGHT % INSURANCE - GENERAL LIABILITY 1,572 1,179 1, % (54) PRINTING AND BINDING % LEGAL ADVERTISING % MISCELLANEOUS SERVICES % MISC-WEB HOSTING (4) 54.00% OFFICE SUPPLIES % TOTAL PERSONNEL AND ADMINISTRATION 17,901 9,344 7,594 1, % 1,695 1, OTHER OPERATING EXPENSES RIVERWOOD CDD WATER, SEWER & IRRIGATION FUND STATEMENT OF REVENUES, EXPENSES AND FUND NET ASSETS - (WATER ONLY) FOR THE PERIOD ENDING MARCH 31, 2014 WATER-SEWER COMB SERVICES PROFSERV-UTILITY BILLING % CONTRACTS-OTHER SERVICES 51,559 25,779 24,393 1, % 4,297 4, UTILITY - BASE RATE 116,300 58,150 59,597 (1,447) 51.24% 9,692 9,948 (256) UTILITY - WATER-USAGE 230, ,000 82,653 32, % 19,167 15,622 3,545 R&M-GENERAL 15,000 7,500 55,469 (47,969) % 1,250 6,352 (5,102) MISC-CONTINGENCY 5,773 2, , % CAPITAL OUTLAY ,888 (21,888) 0.00% - 21,888 (21,888) CAP OUTLAY-WATER LOOPING PROJ. 150,000 75,000-75, % 12,500-12,500 TOTAL WATER-SEWER COMB SERVICES 569, , ,282 40, % 47,465 57,921 (10,456) TOTAL OPERATING EXPENSES 587, , ,876 42, % 49,161 59,441 (10,280) OPERATING INCOME (LOSS) (143,983) (72,385) (76,349) (3,964) -53% (12,202) (27,267) (15,065) Page 13 REPORT DATE: 4/4/2014 NOTE: MINOR DIFFERENCES IN STATEMENT TOTALS ARE A DIRECT RESULT OF ROUNDING TO WHOLE DOLLARS. (UNAUDITED)

22 G L R S T U V W X Y Z AA AB AC AD AE AF AG OPERATING REVENUE ANNUAL ADOPTED BUDGET YEAR TO DATE BUDGET YEAR TO DATE ACTUAL YTD BUDGET VS. ACTUAL VARIANCE FAVORABLE (UNFAVORABLE) YTD ACTUAL AS % OF ANNUAL ADOPTED BUDGET CURRENT MONTH BUDGET CURRENT MONTH ACTUAL $ $ $ $ $ $ $ CURRENT BUDGET VS. ACTUAL VARIANCE FAVORABLE (UNFAVORABLE) IRRIGATION-BASE RATE 75,000 37,500 39,195 1, % 6,250 6, IRRIGATION-USAGE 115,000 57,500 57,420 (80) 49.93% 9,583 7,965 (1,618) METER FEES 1, , % COMPLIANCE FEES ,880 12, % TOTAL OPERATING REVENUES 191,000 95, ,815 15, % 15,917 14,845 (1,072) OPERATING EXPENSES PERSONNEL AND ADMINISTRATION P/R-BOARD OF SUPERVISORS 1, (100) 58.33% FICA TAXES (8) 58.70% 8 8 (0) PROFSERV-ENGINEERING 1, % PROFSERV-LEGAL SERVICES 1, % PROFSERV-MGMT CONSULTING SERV 9,737 4,869 4,869 (0) 50.01% AUDITING SERVICES % POSTAGE AND FREIGHT % INSURANCE - PROPERTY % (13) INSURANCE - GENERAL LIABILITY 1,572 1,179 1, % (54) PRINTING AND BINDING % LEGAL ADVERTISING % MISCELLANEOUS SERVICES % MISC-WEB HOSTING (4) 54.00% OFFICE SUPPLIES % TOTAL PERSONNEL AND ADMINISTRATION 19,219 10,207 8,088 2, % 1,942 1, OTHER OPERATING EXPENSES RIVERWOOD CDD WATER, SEWER & IRRIGATION FUND STATEMENT OF REVENUES, EXPENSES AND FUND NET ASSETS - (IRRIGATION ONLY) FOR THE PERIOD ENDING MARCH 31, 2014 WATER-SEWER COMB SERVICES CONTRACTS-OTHER SERVICES 23,848 11,924 11, % 1,987 1, ELECTRICITY - GENERAL 15,000 7,500 11,643 (4,143) 77.62% 1,250 1,839 (589) UTILITY - WATER-USAGE 99,600 49,800 13,818 35, % 8,300 4,954 3,346 R&M-GENERAL 14,000 7,000 98,315 (91,315) % 1,167 12,963 (11,796) OP SUPPLIES - CHEMICALS 10,000 5,000-5, % CAP OUTLAY-RECLAIMED WATER PRO - - 2,700 (2,700) 0.00% TOTAL WATER-SEWER COMB SERVICES 162,448 81, ,758 (56,534) 84.80% 13,537 21,636 (8,099) TOTAL OPERATING EXPENSES 181,667 91, ,846 (54,415) 80.28% 15,479 23,373 (7,894) OPERATING INCOME (LOSS) 9,333 4,069 (35,031) (39,100) 375% 438 (8,528) (8,966) Page 14 REPORT DATE: 4/4/2014 NOTE: MINOR DIFFERENCES IN STATEMENT TOTALS ARE A DIRECT RESULT OF ROUNDING TO WHOLE DOLLARS. (UNAUDITED)

23 Riverwood Community Development District Supporting Schedules March 31, 2014

24 Riverwood Community Development District Non-Ad Valorem Special Assessments (Charlotte County Tax Collector - Monthly Collection Distributions) For the Fiscal Year Ending September 30, 2014 General Fund Debt Service Fund ALLOCATION OF DEBT SERVICE Discount / Collection Gross Discount / Collection Gross Debt Service Debt Service Date Net Amount (Penalties) Costs Amount Net Amount (Penalties) Costs Amount Fund 2007A Fund 2007B Received Received Amount Received Received Amount Received Assessments Assessments Assessments Levied $574,333 Assessments Levied $ 309,650 $ 109,650 $200,000 Allocation % 100% Allocation % 100% 35% 65% 11/08/13 $ 5,421 $ 226 $ 111 $ 5,758 $ 2,664 $ 111 $ 54 $ 2,829 $ 1,002 $ 1,827 11/14/13 $ 3,725 $ 155 $ 76 $ 3,956 $ 1,861 $ 78 $ 38 $ 1,976 $ 700 $ 1,276 11/21/13 $ 57,730 $ 2,405 $ 1,178 $ 61,314 $ 29,297 $ 1,221 $ 598 $ 31,116 $ 11,018 $ 20,097 11/27/13 $ 59,965 $ 2,499 $ 1,224 $ 63,687 $ 30,293 $ 1,262 $ 618 $ 32,173 $ 11,393 $ 20,780 12/10/13 $ 115,646 $ 4,819 $ 2,360 $ 122,825 $ 61,203 $ 2,550 $ 1,249 $ 65,002 $ 23,018 $ 41,984 12/17/13 $ 150,746 $ 6,281 $ 3,076 $ 160,104 $ 73,137 $ 3,047 $ 1,493 $ 77,677 $ 27,506 $ 50,171 12/30/13 $ 42,479 $ 1,770 $ 867 $ 45,116 $ 22,118 $ 922 $ 451 $ 23,491 $ 8,319 $ 15,173 01/22/14 $ 29,169 $ 902 $ 595 $ 30,667 $ 14,538 $ 450 $ 297 $ 15,285 $ 5,412 $ 9,872 02/13/14 $ 37,895 $ 773 $ 773 $ 39,442 $ 30,251 $ 617 $ 617 $ 31,486 $ 11,150 $ 20,337 03/14/14 $ 6,514 $ 66 $ 133 $ 6,713 $ 3,551 $ 36 $ 72 $ 3,660 $ 1,296 $ 2,364 TOTAL $ 509,290 $ 19,896 $ 10,394 $ 539,580 $ 268,914 $ 10,293 $ 5,488 $ 284,695 $ 100,813 $ 183,882 % COLLECTED 94% 92% 92% 92% TOTAL OUTSTANDING $ 34,754 $ 24,955 $ 8,837 $ 16,118 Report Date: 4/4/2014 Prepared by: Severn Trent Management Services Page 15

25 Riverwood Check Register by Fund For the Period from 03/01/2014 to 03/31/2014 (Sorted by Check No.) Fund No. Check No. Check Payee Invoice No. Invoice Description G/L Account Name G/L Account # Check Amount Date GENERAL FUND /04/14 ARTISTREE FEB 2014 BOAT/RV PARKING AREAS MAINT Reserve - RV Park $ /04/14 FEDEX /14 POSTAGE Postage and Freight $ /04/14 FEDEX /14 POSTAGE Postage and Freight $ /04/14 RIVERWOOD CDD UTILITY /14-2/18/14 WATER Utility - Water & Sewer $ /04/14 RIVERWOOD CDD UTILITY /14-2/18/14 WATER Reserve - RV Park $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV ProfServ-Mgmt Consulting Serv $1, /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV ProfServ-Field Management $1, /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV Postage and Freight $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV Printing and Binding $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV Misc-Web Hosting $ /04/14 THE SUN /25/14 MTG NOTICE Legal Advertising $ /06/14 WALT POWERS REPLACE LOST BRD CK /21/13 P/R-Board of Supervisors $ /13/14 BEAUTIFUL PONDS INC 3109 FEB 2014 LAKE MGMNT Contracts-Lakes $2, /13/14 FLORIDA MUNICIPAL INSURANCE TR # #3 INSTALL LIABILITY/PROP INS Insurance - Property $3, /13/14 FLORIDA MUNICIPAL INSURANCE TR # #3 INSTALL LIABILITY/PROP INS Insurance - General Liability $ /13/14 NALDUCCI, LAWRENCE DOG PARK GARBAGE BAGS Reserve - Dog Park $ /13/14 THE SUN /6/14 MTG NOTICE Legal Advertising $ /19/14 BLALOCK WALTERS P.A. 25 FEB 2014 GEN COUNSEL ProfServ-Legal Services $4, /19/14 NHC UTILITIES INC /27-2/20/14 # Utility - Water & Sewer $ /06/14 RIVERWOOD CDD TRFR CKING FNDS TO BANKUNITED MMA Investments Current $250, /20/14 WALTER J. POWERS PAYROLL March 20, 2014 Payroll Posting $ /20/14 JAMES J. MARTONE PAYROLL March 20, 2014 Payroll Posting $ /20/14 RITA F. ANDERSON PAYROLL March 20, 2014 Payroll Posting $ /20/14 DOUGLAS CAMPBELL PAYROLL March 20, 2014 Payroll Posting $ /20/14 HENRY LACKLAND PAYROLL March 20, 2014 Payroll Posting $ Fund Total $266, A DEBT SERVICE FUND /14/14 RIVERWOOD CDD 2007A TRFR TAX RECEIPTS 2007A SRIES Investments Current $1, Fund Total $1, B DEBT SERVICE FUND /14/14 RIVERWOOD CDD 2007B TRFR TAX RECEIPTS 2007B SERIES Investments Current $2, Prepared by: Report Date 4/4/2014 Severn Trent Management Services Page 16

26 Riverwood Check Register by Fund For the Period from 03/01/2014 to 03/31/2014 (Sorted by Check No.) Fund No. Check No. Check Payee Invoice No. Invoice Description G/L Account Name G/L Account # Check Amount Date Fund Total $2, WATER, SEWER & IRRIGATION FUND /04/14 CENTURYLINK /19-3/18/14 Communication - Telephone $ /04/14 CHARLOTTE COUNTY UTILITIES /24-2/21/14 WATER Utility - Base Rate $9, /04/14 CHARLOTTE COUNTY UTILITIES /24-2/21/14 WATER Utility - Water-Usage $14, /04/14 FEDEX /14 POSTAGE Postage and Freight $ /04/14 FEDEX /14 POSTAGE Postage and Freight $ /04/14 FEDEX /14 POSTAGE Postage and Freight $ /04/14 FEDEX /14 POSTAGE Postage and Freight $ /04/14 FEDEX /14 POSTAGE Postage and Freight $ /04/14 FEDEX /14 POSTAGE Postage and Freight $ /04/14 FPL /24-2/21/14 Electricity - General $ /04/14 K W CONTROLS INC BLWRS WWTP LOGIC/WIRING/INSTALL/TEST R&M-General $ /04/14 K W CONTROLS INC BLWR CONTROLS WWTP FIBER OPTIC CONVERT R&M-General $2, /04/14 KARLE ENVIRO ORGANIC /12/14 SLUDGE HAUL R&M-Sludge Hauling $2, /04/14 KARLE ENVIRO ORGANIC /19 & 2/21/14 SLUDGE HAUL R&M-Sludge Hauling $3, /04/14 RIVERWOOD CDD UTILITY /14-2/18/14 WATER Utility - Water & Sewer $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 WTR SWR MGMNT SRV ProfServ-Mgmt Consulting Serv $5, /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 WTR SWR MGMNT SRV ProfServ-Mgmt Consulting Serv $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 WTR SWR MGMNT SRV ProfServ-Mgmt Consulting Serv $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 WTR SWR MGMNT SRV Misc-Web Hosting $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 WTR SWR MGMNT SRV Misc-Web Hosting $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 WTR SWR MGMNT SRV Misc-Web Hosting $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV Postage and Freight $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV Postage and Freight $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV Postage and Freight $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV Printing and Binding $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV Printing and Binding $ /04/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 GF MGMNT SRV Printing and Binding $ /04/14 THE SUN /25/14 MTG NOTICE Legal Advertising $ /04/14 THE SUN /25/14 MTG NOTICE Legal Advertising $ /04/14 THE SUN /25/14 MTG NOTICE Legal Advertising $ /04/14 WORTHINGTON, MARY UTILITY REFUND Deposits $ /04/14 PROGRESSIVE WATER RESOURCES /20/14 TELCO BIG LAKE IRR USAGE R&M-General $ /06/14 DUMONT COMPANY INC /26/14 HYPOCHLORITE WWTP R&M-General $ /06/14 DUMONT COMPANY INC /26/14 HYPOCHLORITE IRR R&M-General $ /06/14 U S BANK N.A MAR 2014 SWR SYSTEM PRINCIPAL Interest - Investments $13, /06/14 U S BANK N.A A MAR 2014 INTEREST SWR SYSTEM Interest - Investments $ Prepared by: Report Date 4/4/2014 Severn Trent Management Services Page 17

27 Riverwood Check Register by Fund For the Period from 03/01/2014 to 03/31/2014 (Sorted by Check No.) Fund No. Check No. Check Payee Invoice No. Invoice Description G/L Account Name G/L Account # Check Amount Date /13/14 CHARLOTTE COUNTY UTILITIES /30-2/27/14 REUSE WATER Utility - Water-Usage $4, /13/14 FERGUSON ENTERPRISES INC PVC PIPE R&M-General $ /13/14 FLORIDA MUNICIPAL INSURANCE TR # #3 INSTALL LIABILITY/PROP INS Insurance - Property $1, /13/14 FLORIDA MUNICIPAL INSURANCE TR # #3 INSTALL LIABILITY/PROP INS Insurance - Property $ /13/14 FLORIDA MUNICIPAL INSURANCE TR # #3 INSTALL LIABILITY/PROP INS Insurance - General Liability $ /13/14 FLORIDA MUNICIPAL INSURANCE TR # #3 INSTALL LIABILITY/PROP INS Insurance - General Liability $ /13/14 FLORIDA MUNICIPAL INSURANCE TR # #3 INSTALL LIABILITY/PROP INS Insurance - General Liability $ /13/14 FORTILINE WATERWORKS BONSAL CEMENT R&M-General $ /13/14 FORTILINE WATERWORKS PARTS R&M-General $1, /13/14 HD SUPPLY POWER SE LITH LIGHTING FOR LOT BILLING R&M-General $ /13/14 HD SUPPLY POWER SE LITH LIGHTING FOR LOT BILLING R&M-General $ /13/14 HD SUPPLY POWER SE LITH LIGHTING FOR LOT BILLING R&M-General $3, /13/14 HD SUPPLY POWER SE LITH LIGHTING FOR LOT BILLING R&M-General $1, /13/14 HD SUPPLY POWER SE LITH LIGHTING FOR LOT BILLING R&M-General $ /13/14 HD SUPPLY POWER SE LITH LIGHTING FOR LOT BILLING R&M-General $1, /13/14 PULTE HOMES UTILITY REFUND Other Current Liabilities $ /13/14 SALEMA, DENNIS J UTILITY REFUND Other Current Liabilities $ /13/14 THE SUN /6/14 MTG NOTICE Legal Advertising $ /13/14 THE SUN /6/14 MTG NOTICE Legal Advertising $ /13/14 THE SUN /6/14 MTG NOTICE Legal Advertising $ /19/14 FORTILINE WATERWORKS CM Credit Memo RETURNS R&M-General ($290.00) /19/14 FORTILINE WATERWORKS HYDRO GUARDS POTABLE WATER R&M-General $2, /19/14 FORTILINE WATERWORKS WWTP SWR SUPPLIES R&M-General $ /19/14 KARLE ENVIRO ORGANIC /5/14 SLUDGE HAUL R&M-Sludge Hauling $2, /19/14 KARLE ENVIRO ORGANIC /24-2/26/14 SLUDGE HAUL R&M-Sludge Hauling $3, /19/14 MADER ELECTRIC MOTORS SEWER PUMP REPR R&M-General $ /20/14 DEPT ENVIRONMENTAL PROTECTION WWTP PERMIT APP FORM 1 ProfServ-Engineering $3, Fund Total $85, Total Checks Paid $355, Prepared by: Report Date 4/4/2014 Severn Trent Management Services Page 18

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61 Riverwood Accounts Payable Detail March 31, 2014 Fund No. Check No. Check Payee Invoice No. Invoice Description G/L Account Name G/L Account # Check Amount Date GENERAL FUND /01/14 FLORIDA POWER & LIGHT /21-3/24/14 ELECTRIC Electricity - General $3, /03/14 ARTISTREE MAR 2014 BOAT/RV HERBICIDE Reserve - RV Park $ /03/14 BZ CONSULTING LLC /21/14 SWFWMD INSPECT/REPORTS Misc-Contingency $ /03/14 FEDEX /14 POSTAGE Postage and Freight $ /03/14 FEDEX /14 POSTAGE Postage and Freight $ /03/14 NHC UTILITIES INC /20-3/20/14 Utility - Water & Sewer $ /03/14 RIVERSIDE APPRAISAL SRV INV BEACH CLB PROPERTY APPRAISAL Capital Outlay $2, /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND ProfServ-Mgmt Consulting Serv $1, /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND ProfServ-Field Management $1, /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Postage and Freight $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Printing and Binding $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Office Supplies $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Misc-Web Hosting $ /03/14 THE SUN /1/14 MTG NOTICE Legal Advertising $9.52 Fund Total $10, WATER, SEWER & IRRIGATION FUND /01/14 FLORIDA POWER & LIGHT /21-3/24/14 ELECTRIC Electricity - General $1, /01/14 FLORIDA POWER & LIGHT /21-3/24/14 ELECTRIC Electricity - General $4, /03/14 DUMONT COMPANY INC HYPOCHLORITE WWTP R&M-General $ /03/14 DUMONT COMPANY INC HYPOCHLORITE IRR R&M-General $ /03/14 BCI TECHNOLOGIES 84260REV SCADA PROGRAMING FOR BLOWER R&M-General $ /03/14 CENTURYLINK /19-4/18/14 Communication - Telephone $ /03/14 CHARLOTTE COUNTY UTILITIES /21-3/24/14 RESIDENTIALWATER Utility - Water-Usage $15, /03/14 CHARLOTTE COUNTY UTILITIES /21-3/24/14 RESIDENTIALWATER Utility - Base Rate $9, /03/14 FEDEX /14 POSTAGE Postage and Freight $ /03/14 FEDEX /14 POSTAGE Postage and Freight $ /03/14 FEDEX /14 POSTAGE Postage and Freight $ /03/14 FEDEX /14 POSTAGE Postage and Freight $ /03/14 FEDEX /14 POSTAGE Postage and Freight $ /03/14 FEDEX /14 POSTAGE Postage and Freight $ /03/14 HD SUPPLY WATERWORKS C HYDROGUARD HG1 SIGNATURE Capital Outlay $21, /03/14 KARLE ENVIRO ORGANIC /19/14 SLUDGE HAUL R&M-Sludge Hauling $2, /03/14 KARLE ENVIRO ORGANIC /12/14 SLUDGE HAUL R&M-Sludge Hauling $2, Prepared by: Report Date 4/4/2014 Severn Trent Management Services Page 52

62 Riverwood Accounts Payable Detail March 31, 2014 Fund No. Check No. Check Payee Invoice No. Invoice Description G/L Account Name G/L Account # Check Amount Date /03/14 MADER ELECTRIC MOTORS ABS 2 HP PUMP R&M-General $ /03/14 MARK S GRANT 2257 INSTALL LIGHTS PLANT WALKWAYS R&M-General $5, /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV WTR SWR ProfServ-Mgmt Consulting Serv $5, /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV WTR SWR ProfServ-Mgmt Consulting Serv $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV WTR SWR ProfServ-Mgmt Consulting Serv $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV WTR SWR Misc-Web Hosting $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV WTR SWR Misc-Web Hosting $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV WTR SWR Misc-Web Hosting $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Postage and Freight $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Postage and Freight $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Postage and Freight $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Printing and Binding $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Printing and Binding $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Printing and Binding $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Office Supplies $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Office Supplies $ /03/14 SEVERN TRENT ENVIRONMENTALS /14 MGMNT SRV GEN FND Office Supplies $ /03/14 SEVERN TRENT ENVIRONMENTALS JAN 2014 BILLING EXPENSES ProfServ-Utility Billing $ /03/14 SEVERN TRENT ENVIRONMENTALS JAN 2014 BILLING EXPENSES ProfServ-Utility Billing $ /03/14 SEVERN TRENT ENVIRONMENTALS A MAR 2014 CONTRACTED SRVS Contracts-Other Services $24, /03/14 SEVERN TRENT ENVIRONMENTALS A MAR 2014 CONTRACTED SRVS Contracts-Other Services $4, /03/14 SEVERN TRENT ENVIRONMENTALS A MAR 2014 CONTRACTED SRVS Contracts-Other Services $1, /03/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 WATER SERVICES R&M-General $2, /03/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 IRRIGATION R&M-General $8, /03/14 SEVERN TRENT ENVIRONMENTALS FEB 2014 SEWER R&M-General $21, /03/14 SUPERIOR POWER EQUIP CO INC GENERATOR REPR R&M-General $ /03/14 TAW INC MOTORS FOR REUSE R&M-General $3, /03/14 THE SUN /1/14 MTG NOTICE Legal Advertising $ /03/14 THE SUN /1/14 MTG NOTICE Legal Advertising $ /03/14 THE SUN /1/14 MTG NOTICE Legal Advertising $6.34 Fund Total $141, Total Accounts Payable $151, Prepared by: Report Date 4/4/2014 Severn Trent Management Services Page 53

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