Lake Padgett Estates Independent Special District

Transcription

1 Lake Padgett Estates Independent Special District Financial Statements (Unaudited) October 31, 2018 Prepared by: Rizzetta & Company, Inc. lakepadgettisd.org rizzetta.com

2 Balance Sheet As of 10/31/2018 (In Whole Numbers) Total Governmental General Fund Reserve Fund Funds General Fixed Assets Account Group Assets Cash in Bank 22, ,888 0 Investments 143, ,455 0 Investments - Reserves 0 332, ,429 0 Accounts Receivable 464,284 50, ,284 0 Prepaid Items Deposits 1, ,770 0 Due From Other Funds Fixed Assets ,688,064 Total Assets 632, ,429 1,014,826 23,688,064 Liabilities Accounts Payable 4, ,444 0 Sales Tax Payable Accrued Expenses Payable 2, ,300 0 Due To Other Funds Unearned Revenue Total Liabilities 6, ,759 0 Fund Equity & Other Credits Beginning Fund Balance 206, , ,315 23,688,064 Net Change In Fund Balance 418,740 50, ,751 0 Total Fund Equity & Other Credits 625, ,429 1,008,067 23,688,064 Total Liabilities & Fund Equity 632, ,429 1,014,826 23,688,064

3 Statement of Revenues and Expenditures General Fund (In Whole Numbers) Annual YTD YTD YTD Actual Variance Percent Annual Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 464, , , % Other Miscellaneous Revenues Rental Revenues-Stables % Gate Access Card Revenues % Total Revenues 464, , , (0.05)% Expenditures Legislative Supervisor Fees 4, % Financial & Administrative Administrative Services 6, % District Management 26,004 2,167 2, % District Engineer 15,000 1, % Tax Collector/Property Appraiser % Fees Assessment Roll 5,000 5,000 5, % Accounting Services 18,000 1,500 1, % Auditing Services 4, % Public Officials Liability 3,500 3,500 2, % Insurance Legal Advertising (53) 85.10% Dues, Licenses & Fees % Website Hosting, Maintenance, 2, (7) 91.36% Backup (and ) Legal Counsel District Counsel 25,000 2,083 1, % Security Operations Security Services & Patrols 16,000 1,333 3,559 (2,225) 77.75% Security Cameras 2, % Electric Utility Services Utility Services 7, (147) 89.57% Garbage/Solid Waste Control Services Garbage - Parks 2, (137) 86.20% Solid Waste Assessment 3, % Water-Sewer Combination Services

4 Statement of Revenues and Expenditures General Fund (In Whole Numbers) Annual YTD YTD YTD Actual Variance Percent Annual Remaining Utility Services % Stormwater Control Aquatic Management 30,000 2, , % Stormwater Assessment % Other Physical Environment Property/Casualty/GL Insurance 20,000 20,000 11,427 8, % Landscape Maintenance 7, % Landscape Replacement Plants, 1, % Shrubs, Trees Irrigation Repairs 1, % Landscape Mulch 6, % General Repairs & Maintenance 20,000 1, , % Road & Street Facilities Gate Phones 6, (227) 87.87% Gate Maintenance 13,000 1, % Gate Access Control System 1, (445) 47.14% Resident ID Cards % Parks & Recreation Employee - Salaries 92,318 7,693 3,287 4, % Employee - P/R Taxes 6, % Employee - Workers' Comp 10, ,970 (6,136) 30.30% Insurance Employee - Health Insurance 24,000 2,000 1, % Equipment Maintenance & 3, % Repairs Vehicle Maintenance 4, % Miscellaneous Supplies 12,600 1, % Building Repairs & Maintenance 4, % Dock Repairs and Maintenance 7, % Contingency Capital Outlay 25,000 2, , % Miscellaneous Contingency 25,000 2, , % Total Expenditures 464,279 64,544 45,754 18, % Excess of Revenue Over (Under) Expenditures 0 399, ,740 19, % Excess of Rev/Other Sources Over (Under) Exp/Other Uses 0 399, ,740 19, %

5 Statement of Revenues and Expenditures General Fund (In Whole Numbers) Annual YTD YTD YTD Actual Variance Percent Annual Remaining Fund Balance Beginning of Period , , % Fund Balance End of Period 0 399, , , %

6 Statement of Revenues and Expenditures Reserve Fund (In Whole Numbers) Annual Current Period Actual to Actual Variance Percent Remaining Revenues Interest Earnings Interest Earnings % Special Assessments Tax Roll 50,000 50, % Total Revenues 50,000 50, % Expenditures Contingency Capital Reserves 50, , % Total Expenditures 50, , % Excess of Revenues Over (Under) Expenditures Excess of Rev/Other Sources Over (Under) Exp/Other Uses 0 50,011 50, % 0 50,011 50, % Fund Balance, Beginning of Period 0 332, , % Fund Balance, End of Period 0 382, , %

7 Lake Padgett Estates ISD Investment Summary October 31, 2018 Balance as of Account Investment October 31, 2018 SunTrust Business Money Market $ 143,455 Total General Fund Investments $ 143,455 SunTrust- Capital Reserves Business Money Market $ 332,429 Total Reserve Fund Investments $ 332,429

8 Summary A/R Ledger General Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Pasco County Tax Collector FY , Total General Fund 464,283.68

9 Summary A/R Ledger Reserve Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Pasco County Tax Collector FY , Total Reserve Fund 50, Report Balance 514,283.68

10 Aged Payables by Invoice Date Aging Date - 10/1/ General Fund Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Department Of Economic Opportunity Frontier Communications of Florida Frontier Communications of Florida 10/1/ Special District Fee FY 18/ /16/ / /18 10/16/ / /18 Republic Services #762 10/17/ Waste Management Services /18 David E. Hipps, Jr. 10/18/2018 DH Board of Supervisor Meeting /18/18 Larry D. Berger 10/18/2018 LB Board of Supervisor Meeting /18/18 Linda Hutchinson 10/18/2018 LH Board of Supervisor Meeting /18/18 Pam Carr 10/18/2018 PC Board of Supervisor Meeting /18/18 Paul Wells 10/18/2018 PW Board of Supervisor Meeting /18/18 Duke Energy 10/19/ /18 Summary Bill 10/ Abdulwasai Wasim 10/21/2018 Invoice#15 Security Services 10/18 1, Southern Automated Access Services, LLC 10/24/ Replaced Trackers Board at Boat Ramp 10/ Frontier Communications of Florida 10/25/ / /18 Pasco County Utilities 10/26/ # Civic Center Pkwy 10/18 Gulf Coast Tractor & Equipment /29/2018 IL36194 Supplies 10/ Duke Energy 10/30/ / Lake Padgett Drive 10/ Duke Energy 10/30/ / Stable Ridge Ln 10/ Pasco Testing Lab and 10/31/ Monthly Service 10/ Sales, Inc. Duke Energy 10/31/ / Parkway Blvd 10/ Lowe's 11/2/ /18 Misc Supplies 10/ Total General Fund 4, Report Total 4,444.32

11 Notes to Unaudited Financial Statements October 31, 2018 Balance Sheet 1. For presentation purposes, the Reserves are shown in a separate fund titled Reserve Fund. Summary A/R Ledger Payment Terms 2. 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.