Sandy Creek Community Development District Financial Statements (Unaudited) November 30, 2018 Prepared by: Rizzetta & Company, Inc. sandycreekcdd.org rizzetta.com
Balance Sheet As of 11/30/2018 (In Whole Numbers) General Fund Debt Service Fund Capital Projects Fund Total Governmental Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 7,127 0 0 7,127 0 0 Investments 0 112,351 5,127 117,478 0 0 Accounts Receivable 0 61,392 0 61,392 0 0 Bond Prepayments Receivable 0 0 0 0 0 0 Prepaid Expenses 0 0 0 0 0 0 Deposits 1,440 0 0 1,440 0 0 Due From Other Funds 0 0 0 0 0 0 Amount Available in Debt Service 0 0 0 0 0 170,321 Amount To Be Provided Debt Service 0 0 0 0 0 1,024,679 Fixed Assets 0 0 0 0 5,990,428 0 Total Assets 8,567 173,743 5,127 187,437 5,990,428 1,195,000 Liabilities Accounts Payable 123 0 0 123 0 0 Accrued Expenses Payable 500 0 0 500 0 0 Due To Other Funds 0 0 0 0 0 0 Deferred Revenue 0 3,422 0 3,422 0 0 Revenue Bonds Payable--Long Term 0 0 0 0 0 1,195,000 Total Liabilities 623 3,422 0 4,045 0 1,195,000 Fund Equity & Other Credits Beginning Fund Balance 577 136,309 4,906 141,792 5,990,428 0 Net Change in Fund Balance 7,367 34,013 221 41,600 0 0 Total Fund Equity & Other Credits 7,944 170,321 5,127 183,392 5,990,428 0 Total Liabilities & Fund Equity 8,567 173,743 5,127 187,437 5,990,428 1,195,000
Statement of Revenues and Expenditures 001 - General Fund From 10/1/2018 Through 11/30/2018 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Contributions From Private Sources Developer Contributions 93,225 23,306 13,930 (9,376) 85.05% Total Revenues 93,225 23,306 13,930 (9,376) 85.06% Expenditures Legislative Supervisor Fees 2,000 0 0 0 100.00% Financial & Administrative District Management 15,000 2,500 2,500 0 83.33% District Engineer 1,000 167 0 167 100.00% Disclosure Report 1,000 0 0 0 100.00% Trustees Fees 3,500 3,500 2,625 875 25.00% Auditing Services 3,200 0 0 0 100.00% Arbitrage Rebate Calculation 500 500 0 500 100.00% Public Officials Liability Insurance 2,500 2,500 0 2,500 100.00% Legal Advertising 700 117 0 117 100.00% Dues, Licenses & Fees 175 175 175 0 0.00% Miscellaneous Fees 300 50 0 50 100.00% Website Hosting, Maintenance, & 1,200 200 200 0 83.33% Backup Legal Counsel District Counsel 6,000 1,000 1,063 (63) 82.28% Electric Utility Services Utility Services 2,500 417 0 417 100.00% Street Lights 6,000 1,000 0 1,000 100.00% Stormwater Control Aquatic Maintenance 5,600 933 0 933 100.00% Mitigation Area Monitoring & Maintenance 2,000 333 0 333 100.00% Other Physical Environment General Liability & Property Insurance 4,000 4,000 0 4,000 100.00% Landscape Maintenance 24,000 4,000 0 4,000 100.00% Irrigation Maintenance 2,500 417 0 417 100.00% Landscape Replacement Plants, 3,650 608 0 608 100.00% Shrubs, Trees Contingency Miscellaneous Contingency 5,900 983 0 983 100.00% Total Expenditures 93,225 23,400 6,563 16,837 92.96% See Notes to Unaudited Financial Statements
Statement of Revenues and Expenditures 001 - General Fund From 10/1/2018 Through 11/30/2018 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Excess Rev./Other Sources Over (Under) Expend./Other Uses 0 (94) 7,367 7,461 0.00% Fund Balance-Beginning of Period Fund Balance-Unreserved Total Fund Balance-Beginning of Period 0 0 577 577 0.00% 0 0 577 577 0.00% Fund Balance-End of Period 0 (94) 7,944 8,038 0.00% See Notes to Unaudited Financial Statements
Statement of Revenues and Expenditures 200 - Debt Service Fund From 10/1/2018 Through 11/30/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 412 412 0.00% Special Assessments Prepayments 0 24,313 24,313 0.00% Off Roll 62,781 61,392 (1,389) (2.21)% Total Revenues 62,781 86,117 23,336 37.17% Expenditures Debt Service Interest 62,781 31,900 30,881 49.18% Principal 0 20,000 (20,000) 0.00% Total Expenditures 62,781 51,900 10,881 17.33% Excess of Revenue Over (Under) Expenditures 0 34,217 34,217 0.00% Other Financing Sources (Uses) Interfund Transfer 0 (205) (205) 0.00% Exc. Of Rev./Other Sources Over Expend./Other Uses 0 34,013 34,013 0.00% Fund Balance, Beginning of Period 0 136,309 136,309 0.00% Fund Balance, End of Period 0 170,321 170,321 0.00%
Statement of Revenues and Expenditures 300 - Capital Projects Fund From 10/1/2018 Through 11/30/2018 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 16 16 0.00% Total Revenues 0 16 16 0.00% Excess of Revenue Over (Under) Expenditures 0 16 16 0.00% Other Financing Sources (Uses) Interfund Transfer 0 205 205 0.00% Exc. Of Rev./Other Sources Over Expend./Other Uses 0 221 221 0.00% Fund Balance, Beginning of Period 0 4,906 4,906 0.00% Fund Balance, End of Period 0 5,127 5,127 0.00%
Sandy Creek CDD Investment Summary November 30, 2018 Balance as of Account Investment November 30, 2018 US Bank Series 2007B Reserve First American Treasury Obligation Fund Class Z $ 62,617 US Bank Series 2007B Revenue First American Treasury Obligation Fund Class Z 25,461 US Bank Series 2007B Prepayment First American Treasury Obligation Fund Class Z 24,273 Total Debt Service Fund Investments $ 112,351 US Bank Series 2007 Construction First American Treasury Obligation Fund Class Z $ 5,127 Total Capital Project Fund Investments $ 5,127
Summary A/R Ledger 200 - Debt Service Fund From 11/1/2018 Through 11/30/2018 Invoice Date Customer Name Invoice Number Current Balance 11/6/2018 SEDA Construction Company 385-19-01 16,919.92 11/7/2018 Sandy Creek Investment Corp. 385-19-02 44,472.32 Total 200 - Debt Service Fund 61,392.24 Report Balance 61,392.24
Aged Payables by Invoice Date Aging Date - 10/1/2018 From 11/1/2018 Through 11/30/2018 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Hopping Green & Sams 10/31/2018 103751 General Legal Services 09/18 123.00 Report Total 123.00
Notes to Unaudited Financial Statements November 30, 2018 Balance Sheet 1. Trust statement activity has been recorded through 11/30/18. 2. See EMMA (Electronic Municipal Market Access) at https://emma.msrb.org for Municipal Disclosures and Market Data. Summary A/R Ledger - Payment Terms 3. 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.