Concord Station Community Development District Financial Statements (Unaudited) October 31, 2013 Prepared by Rizzetta & Company, Inc. District Manager
Balance Sheet As of 10/31/2013 (In Whole Numbers) Capital Projects General Fund Debt Service Fund Fund Total Governmental Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 134,936 0 0 134,936 0 0 Investments 411,868 1,693,661 303,080 2,408,609 0 0 Accounts Receivable 535,843 1,307,572 0 1,843,416 0 0 Prepaid Expenses 0 0 0 0 0 0 Due From Others 5,880 0 0 5,880 0 0 Amount Available in Debt Service 0 0 0 0 0 3,001,233 Amount To Be Provided Debt Service 0 0 0 0 0 13,953,767 Fixed Assets 0 0 0 0 3,826,642 0 Total Assets 1,088,527 3,001,233 303,080 4,392,841 3,826,642 16,955,000 Liabilities Accounts Payable 20,423 0 0 20,423 0 0 Accrued Expenses Payable 0 0 0 0 0 0 Other Current Liabilities 0 0 0 0 0 0 Due To Other Funds 0 0 0 0 0 0 Revenue Bonds Payable--Long Term 0 0 0 0 0 16,955,000 Total Liabilities 20,423 0 0 20,423 0 16,955,000 Fund Equity & Other Credits Beginning Fund Balance 564,625 1,693,661 303,080 2,561,366 3,826,642 0 Net Change in Fund Balance 503,480 1,307,572 0 1,811,052 0 0 Total Fund Equity & Other Credits 1,068,105 3,001,233 303,080 4,372,418 3,826,642 0 Total Liabilities & Fund Equity 1,088,527 3,001,233 303,080 4,392,841 3,826,642 16,955,000
Statement of Revenues and Expenditures 001 - General Fund (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings 0 0 71 71 0.00% Special Assessments Tax Roll 371,953 371,953 378,327 6,374 (1.71)% Off Roll 163,894 163,894 163,894 0 0.00% Total Revenues 535,847 535,847 542,292 6,445 (1.20)% Expenditures Legislative Supervisor Fees 4,800 400 600 (200) 87.50% Financial & Administrative Administrative Services 8,652 721 721 0 91.66% District Management 24,720 2,060 2,060 0 91.66% District Engineer 15,000 1,250 165 1,086 98.90% Disclosure Report 5,000 417 0 417 100.00% Trustees Fees 5,000 417 0 417 100.00% Tax Collector/Property Appraiser Fees 150 150 0 150 100.00% Financial Consulting Services 8,858 5,322 322 5,000 96.37% Accounting Services 13,596 1,133 1,133 0 91.66% Auditing Services 3,400 0 0 0 100.00% Arbitrage Rebate Calculation 650 54 0 54 100.00% Public Official Liability Insurance 4,000 4,000 3,546 455 11.36% Legal Advertising 550 46 0 46 100.00% Dues, Licenses & Fees 175 175 175 0 0.00% Legal Counsel District Counsel 12,000 1,000 1,394 (394) 88.38% Electric Utility Services Utility Services 14,000 1,167 556 611 96.03% Street Lights 59,500 4,958 4,539 420 92.37% Stormwater Control Fountain Service Repairs & 2,500 208 0 208 100.00% Lake/Pond Bank 10,000 833 0 833 100.00% Aquatic Contract 35,000 2,917 2,627 290 92.49% Aquatic Plant Replacement 15,000 1,250 0 1,250 100.00% Other Physical Environment Property/Casualty/GL Insurance 4,546 4,546 4,372 174 3.81% Rust Prevention 9,000 750 495 255 94.50% Entry & Walls 5,000 417 0 417 100.00% Landscape 185,000 15,417 12,141 3,275 93.43%
Statement of Revenues and Expenditures 001 - General Fund (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Irrigation Repairs and Landscape Replacement Plants, Shrubs, Trees Road & Street Facilities Street Light/Decorative Light 15,000 1,250 1,368 (118) 90.87% 20,000 1,667 2,600 (933) 87.00% 5,000 417 0 417 100.00% Sidewalk Repair & 2,500 208 0 208 100.00% Roadway Repair & 2,500 208 0 208 100.00% Contingency Miscellaneous Contingency 44,750 3,729 0 3,729 100.00% Total Expenditures 535,847 57,086 38,812 18,273 92.76% Excess of Revenue Over (Under) Expenditures 0 478,761 503,480 24,718 0.00% Fund Balance, Beginning of Period 0 0 564,625 564,625 0.00% Fund Balance, End of Period 0 478,761 1,068,105 589,343 0.00%
Statement of Revenues and Expenditures 200 - Debt Service Fund (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Special Assessments Tax Roll 902,933 902,933 0 0.00% Off Roll 404,639 404,639 0 0.00% Total Revenues 1,307,572 1,307,572 (0) 0.00% Expenditures Debt Service Interest 887,572 0 (887,572) (100.00)% Principal 420,000 0 (420,000) (100.00)% Total Expenditures 1,307,572 0 1,307,572 100.00% Excess Of Revenues Over (Under) Expenditures 0 1,307,572 1,307,572 0.00% Exc. Of Rev./Other Sources Over Expend./Other Uses 0 1,307,572 (1,307,572) 0.00% Fund Balance, Beginning of Period 0 1,693,661 1,693,661 0.00% Fund Balance, End of Period 0 3,001,233 3,001,233 0.00%
Statement of Revenues and Expenditures 300 - Capital Projects Fund (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Excess Of Revenues Over (Under) Expenditures 0 0 0 0.00% Exc. Of Rev./Other Sources Over Expend./Other Uses 0 0 0 0.00% Fund Balance, Beginning of Period 0 303,080 303,080 0.00% Fund Balance, End of Period 0 303,080 303,080 0.00%
Concord Station CDD Investment Summary October 31, 2013 Balance as of Account Investment October 31, 2013 State Board of Administration Local Government Investment Pool $ 2,158 State Board of Administration Local Government Investment Pool B 544 SunTrust Bank Business Money Market 186,787 Regions Bank Business Money Market 21,121 The Bank of Tampa Business Money Market 201,258 Total General Fund Investments $ 411,868 US Bank Series 2005 Reserve First American Treasury Obligation Fund Class Z $ 1,128,016 US Bank Series 2005 Revenue First American Treasury Obligation Fund Class Z 565,645 Total Debt Service Fund Investments $ 1,693,661 US Bank Series 2005 Construction First American Treasury Obligation Fund Class Z $ 7 US Bank Series 2005 Deferred Cost First American Treasury Obligation Fund Class Z 303,073 Total Capital Project Fund Investments $ 303,080
Summary A/R Ledger Invoice Date Customer Name Invoice Number Current Balance 10/1/2013 Concord Station LLP 460-14-01 568,533.25 10/1/2013 Pasco County Tax Collector FY13-14 1,274,882.30 Report Balance 1,843,415.55
Summary A/P Ledger 001 - General Fund Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Department of Economic Opportunity Duke Energy 10/31/2013 Summary Bill 10/13 ValleyCrest Landscape ValleyCrest Landscape ValleyCrest Landscape ValleyCrest Landscape 10/1/2013 29293 Special District Fee FY 2013/2014 175.00 Summary Bill 10/13 4,138.09 10/18/2013 4356572 OTC Injections @ Clock Tower-Sylvester Palms 100.00 10/23/2013 4358318 Install 2000 Annuals 10/13 2,600.00 10/28/2013 4359845 Landscape /Fertilization 10/13 12,809.58 10/29/2013 4360676 Irrigation Repairs 10/13 600.00 Total 001 - General Fund 20,422.67 Report Balance 20,422.67
Notes to Unaudited Financial Statements October 31, 2013 Balance Sheet 1. Trust statement activity has been recorded through 10/31/13. 2. See EMMA (Electronic Municipal Market Access) at http://www.emma.msrb.org for Municipal Disclosures and Market Data. Summary A/R Ledger 3. Payment terms for landowner assessments are (a) defined in the FY13-14 Assessment Resolution adopted by the Board of Supervisors, (b) pursuant to Florida Statutes, Chapter 197 for assessments levied via the county tax roll.