Lucaya Community Development District Financial Statements (Unaudited) October 31, 2018 Prepared by: Rizzetta & Company, Inc. lucayacdd.org rizzetta.com
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 41,375 0 0 0 41,375 0 0 Investments 259,608 0 157,501 23,362 440,472 0 0 Investments--Reserves 0 50,529 0 0 50,529 0 0 Investments--Water Reserve 0 45,323 0 0 45,323 0 0 Accounts Receivable 318,386 24,700 146,925 0 490,011 0 0 Prepaid Expenses 0 0 0 0 0 0 0 Deposits 243 0 0 0 243 0 0 Due From Other Funds 0 0 114 0 114 0 0 Amount Available in Debt Service 0 0 0 0 0 0 304,540 Amount To Be Provided Debt Service 0 0 0 0 0 0 1,340,460 Fixed Assets 0 0 0 0 0 9,517,937 0 Total Assets 619,612 120,552 304,540 23,362 1,068,067 9,517,937 1,645,000 Liabilities Accounts Payable 17,508 0 0 0 17,508 0 0 Accrued Expenses Payable 2,480 0 0 0 2,480 0 0 Due To Other Funds 114 0 0 0 114 0 0 Revenue Bonds Payable--Long Term 0 0 0 0 0 0 1,645,000 Total Liabilities 20,102 0 0 0 20,102 0 1,645,000 Fund Equity & Other Credits Beginning Fund Balance 317,797 95,801 150,915 23,241 587,754 9,517,937 0 Net Change in Fund Balance 281,714 24,751 153,625 121 460,211 0 0 Total Fund Equity & Other Credits 599,510 120,552 304,540 23,362 1,047,965 9,517,937 0 Total Liabilities & Fund Equity 619,612 120,552 304,540 23,362 1,068,067 9,517,937 1,645,000
Statement of Revenues and 001 - General Fund (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings 0 0 212 212 0.00% Special Assessments Off Roll 1,343 1,343 2,687 1,344 (100.08)% Tax Roll 317,042 317,042 317,308 266 (0.08)% Total Revenues 318,385 318,385 320,206 1,821 (0.57)% Legislative Supervisor Fees 2,000 167 0 167 100.00% Financial & Administrative Administrative Services 4,500 375 375 0 91.66% District Management 21,100 1,758 1,758 0 91.66% District Engineer 14,000 1,167 5,532 (4,365) 60.48% Disclosure Report 1,500 0 0 0 100.00% Trustees Fees 3,850 2,514 2,514 0 34.69% Assessment Roll 5,000 5,000 5,000 0 0.00% Printed Agendas 1,200 100 0 100 100.00% Financial & Revenue Collections 5,000 417 417 0 91.66% Tax Collector/Property Appraiser Fees 258 258 0 258 100.00% Accounting Services 16,300 1,358 1,358 0 91.66% Auditing Services 3,400 0 0 0 100.00% Arbitrage Rebate Calculation 651 54 0 54 100.00% Public Officials Liability Insurance 2,475 2,250 2,250 0 9.09% Legal Advertising 850 71 193 (122) 77.33% Dues, Licenses & Fees 735 175 425 (250) 42.17% Website Hosting, Maintenance, Backup (and Email) 2,100 175 175 0 91.66% Legal Counsel District Counsel 10,000 833 2,100 (1,267) 79.00% Electric Utility Services Utility Services 1,786 149 80 69 95.52% Water-Sewer Combination Services Utility-Repairs & Maintenance 3,800 317 960 (643) 74.73% Utility - Bulk Potable Water 145,221 12,102 10,570 1,532 92.72% Stormwater Control
Statement of Revenues and 001 - General Fund (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Fountain Service Repairs & Maintenance 2,775 231 0 231 100.00% Lake/Pond Bank Maintenance 2,500 208 0 208 100.00% Aquatic Maintenance 5,891 491 488 3 91.71% Mitigation Area Monitoring & Maintenance 16,950 1,413 0 1,413 100.00% Water Quality Monitoring 3,600 300 300 0 91.66% Aquatic Plant Replacement 500 42 0 42 100.00% Stormwater System Maintenance 1,500 125 0 125 100.00% Other Physical Environment Property Insurance 268 244 244 0 8.95% General Liability Insurance 2,475 2,250 2,250 0 9.09% Landscape Maintenance 12,720 1,060 1,370 (310) 89.22% Fire Ant Treatment 540 45 0 45 100.00% Lift Station Maintenance 2,400 200 0 200 100.00% Parks & Recreation Fire System Monitoring & Maintenance 5,540 462 134 328 97.58% Contingency Miscellaneous Contingency 15,000 1,250 0 1,250 100.00% Total 318,385 37,560 38,493 (933) 87.91% Excess of Revenues Over (Under) 0 280,825 281,714 888 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 280,825 281,714 888 0.00% Fund Balance, Beginning of Period 0 0 317,797 317,797 0.00% Fund Balance, End of Period 0 280,825 599,510 318,685 0.00%
Statement of Revenues and 005 - Reserve Fund (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 51 51 0.00% Special Assessments Tax Roll 24,700 24,700 0 0.00% Total Revenues 24,700 24,751 51 0.21% Contingency Capital Reserve 24,700 0 24,700 100.00% Total 24,700 0 24,700 100.00% Excess Of Revenues Over (Under) 0 24,751 24,751 0.00% Excess Of Rev./Other Sources Over (Under) Expend./Other Uses 0 24,751 24,751 0.00% Fund Balance, Beginning of Period 0 95,801 95,801 0.00% Fund Balance, End of Period 0 120,552 120,552 0.00%
Statement of Revenues and 200 - Debt Service Fund (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 223 223 0.00% Special Assessments Tax Roll 150,610 147,039 (3,571) (2.37)% Debt Service Prepayments 0 6,449 6,449 0.00% Total Revenues 150,610 153,711 3,101 2.06% Debt Service Interest 85,610 0 85,610 100.00% Principal 65,000 0 65,000 100.00% Total 150,610 0 150,610 100.00% Excess Of Revenues Over (Under) 0 153,711 153,711 0.00% Other Financing Sources (Uses) Interfund Transfer 0 (86) (86) 0.00% Excess Of Rev./Other Sources Over (Under) Expend./Other Uses 0 153,625 153,625 0.00% Fund Balance, Beginning of Period 0 150,915 150,915 0.00% Fund Balance, End of Period 0 304,540 304,540 0.00%
Statement of Revenues and 300 - Capital Projects Fund (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 36 36 0.00% Total Revenues 0 36 36 0.00% Excess Of Revenues Over (Under) 0 36 36 0.00% Other Financing Sources (Uses) Interfund Transfer 0 86 86 0.00% Excess Of Rev./Other Sources Over (Under) Expend./Other Uses 0 121 121 0.00% Fund Balance, Beginning of Period 0 23,241 23,241 0.00% Fund Balance, End of Period 0 23,362 23,362 0.00%
Lucaya CDD Investment Summary October 31, 2018 Balance as of Account Investment October 31, 2018 Bank of Tampa Money Market $ 57,357 Bank of Tampa ICS The Huntington National Bank Money Market 7,539 United Bank Money Market 194,712 Total General Fund Investments $ 259,608 SunTrust Water Reserve Money Market $ 45,323 The Bank of Tampa ICS Capital Reserve United Bank Money Market 50,529 Total Reserve Fund Investments $ 95,852 US Bank Series 2005 Reserve First American Treasury Obligation Fund Class Z $ 56,127 US Bank Series 2005 Revenue First American Treasury Obligation Fund Class Z 47,206 US Bank Series 2005 Revenue First American Treasury Obligation Fund Class Z 54,168 Total Debt Service Fund Investments $ 157,501 US Bank Series 2005 Deferred Cost First American Treasury Obligation Fund Class Z $ 23,362 Total Capital Project Fund Investments $ 23,362
Summary A/R Ledger 001 - General Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Lee County Tax Collector ARB1022 317,042.70 10/1/2018 Lucaya Homeowners Association AR1023 1,343.55 Total 001 - General Fund 318,386.25
Summary A/R Ledger 005 - Reserve Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Lee County Tax Collector ARB1022 24,700.00 Total 005 - Reserve Fund 24,700.00
Summary A/R Ledger 200 - Debt Service Fund Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Lee County Tax Collector ARB1022 146,925.14 Total 200 - Debt Service Fund 146,925.14 Report Balance 490,011.39
Aged Payables by Invoice Date Aging Date - 10/1/2018 001 - General Fund Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Lee County Utilities 10/17/2018 1113763-5 10/17/18 Water/Sewer Billing 10/18 10,569.91 Florida Fire Systems, LLC Barraco & Associates, Inc. 10/19/2018 31802 Labor Charge for Pump Shutdown 10/18 10/23/2018 18932 Engineering Services 10/18 380.00 5,531.95 The Breeze Corporation 10/24/2018 111789-L02399 Monthly Legal Ad 10/18 140.65 Hopping Green & Sams 10/25/2018 103485 General/Monthly Legal 575.50 Services 09/18 Nature's Blueprint of Southwest Florida, LLC Nature's Blueprint of Southwest Florida, LLC 10/25/2018 16382 Labor for Garbage Removal 10/18 10/25/2018 16383 Weed Control, Treat up to 1800x6' Canal 10/18 50.00 260.00 Total 001 - General Fund 17,508.01 Report Total 17,508.01
Notes to Unaudited Financial Statements October 31, 2018 Balance Sheet 1. Trust statement activity has been recorded through 10/31/18. 2. See EMMA (Electronic Municipal Market Access) at https://emma.msrb.org 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.