Venetian Community Development District

Venetian Community Development District Financial Statements (Unaudited) November 3, 218 Prepared by: Rizzetta & Company, Inc. venetiancdd.org rizzetta.com

Balance Sheet As of 11/3/218 (In Whole Numbers) General Fund Assets Cash In Bank Investments Investments - Reserves Accounts Receivable Accounts Receivable - Other Interest & Dividents Receivable Advances to Vision Prepaid Expenses and Inventory Deposits Due From Other Funds Amount Available for Debt Service Amount To Be Provided Debt Service Fixed Assets Total Assets Reserve Fund Debt Service Fund River Club Fund River Club Reserve Fund Total Governmental Funds General Fixed Assets Account Group General Long-Term Debt Account Group 935,58 68,795 1,113,249 2,15 18,124 2,137,826 598,42 544,96 1,142,498 1,661,425 969,336 2,63,761 459,672 1,4,66 23,565 (13,581) 31,94 2,235 31,23 1,845,64 372,72 16,7 415,767 949,188 1,395,18 1,73,22 971,122 3,283,351 23,565 (13,581) 34,54 2,359 1,261,66 8,75,336 24,168,958 24,168,958 2,63,761 13,954,239 16,585, Liabilities Accounts Payable Accrued Expenses Payable Other Current Liabilities Deposits Due To Other Funds Revenue Bonds Payable--Long Term Total Liabilities 144,56 113 594,378 738,548 333,344 333,344 38,124 7,45 45,574 333,344 333,344 182,18 113 333,344 7,45 927,722 1,45,81 16,585, 16,585, Fund Equity & Other Credits Beginning Fund Balance Net Change in Fund Balance Total Fund Equity & Other Credits 253,361 1,145,917 1,399,278 67,867 21,287 89,154 1,69,794 1,2,967 2,63,761 48,843 1,318,647 1,799,49 371,76 244,84 615,844 3,323,625 3,93,92 7,254,527 24,168,958 24,168,958 Total Liabilities & Fund Equity 2,137,826 1,142,498 2,63,761 1,845,64 949,188 8,75,336 24,168,958 16,585, 2

Statement of Revenues and 1 - General Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Annual Revenues Interest Earnings Interest Earnings Special Assessments Tax Roll Other Miscellaneous Revenues Transponder Revenue Total Revenues Legislative Supervisor Fees Financial & Administrative Administrative Services District Management District Engineer Disclosure Report Trustees Fees Assessment Roll Financial & Revenue Collections Accounting Services Auditing Services Arbitrage Rebate Calculation Public Officials Liability Insurance Legal Advertising Dues, Licenses & Fees Miscellaneous Fees Website Hosting, Maintenance, Backup (and Email) Miscellaneous Mailings Legal Counsel District Counsel Outside Counsel Security Operations Security Services & Patrols Guard & Gate Facility Maintenance Gate Transponders-RFID Electric Utility Services Utility Services Water-Sewer Combination Services Utility Services-Effluent & Guardhouse Stormwater Control Percent Annual Remaining YTD YTD Actual YTD Variance 2, 333 148 (185) 92.59% 1,473,476 1,473,476 1,473,48 4.% 2,5 1,477,976 417 1,474,226 1,15 1,474,778 734 552 53.99%.22% 8,6 1,433 1,9 (467) 77.9% 6, 33,4 3, 1,5 4,611 5, 5, 21,792 6, 5 3,3 2, 175 5 7,5 1, 5,567 5, 4,611 5, 833 3,632 3,3 333 175 83 1,25 1, 5,431 7,538 2,788 5, 833 3,632 2,5 265 175 9 1,25 135 (2,538) 1,823 8 68 (7) 83.33% 83.73% 74.87% 1.% 39.54%.% 83.33% 83.33% 1.% 1.% 24.24% 86.73%.% 82.% 83.33% 2, 333 333 1.% 72, 1, 12, 1,667 19,261 (7,261) 1,667 73.24% 1.% 288,548 8,626 3,75 48,91 1,438 625 54,551 3,44 213 (6,459) (1,966) 413 81.9% 6.54% 94.33% 27,1 4,52 4,959 (458) 81.63% 12, 2, 1,631 369 86.4% 3

Statement of Revenues and 1 - General Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Annual YTD YTD Actual YTD Variance Percent Annual Remaining Aquatic Maintenance Fountain Service Repairs & Maintenance 44,572 4,8 7,429 8 5,988 385 1,441 415 86.56% 91.97% Lake/Pond Bank Maintenance Mitigation Area Monitoring & Maintenance 5, 33,956 833 5,659 2,274 8,489 (1,441) (2,83) 54.52% 75.% 7, 1,167 1,167 1.% 4, 174,881 4,224 4,95 2,862 35,94 16, 7, 4, 7, 667 29,147 74 4,95 2,862 58,349 2,667 1,167 4, 1,167 1,355 24,236 327 5, 3,391 51,67 2,15 4,315 (688) 4,911 377 (5) (529) 7,282 2,667 1,167 1,85 (3,148) 66.12% 86.14% 92.25% (1.1)% (18.48)% 85.41% 1.% 1.% 46.25% 38.35% Landscape-Pest Control/OTC Injections 22,14 3,69 6,59 (2,9) 7.23% Landscape - Pinestraw Landscape - Flower Program Landscape - Miscellaneous Landscape - Mulch Field Services General Repairs & Maintenance Road & Street Facilities Street/Parking Lot Sweeping Street Light Decorative Light Maintenance 25, 33, 4, 65, 8,4 1,393 4,167 5,5 667 1,833 1,4 1,732 11,56 1,925 61,38 1,6 4,145 4,167 (5,556) (1,258) (5,475) (2) (2,413) 1.% 66.49% 51.87% 5.68% 8.95% 6.11% 4,74 4, 79 667 79 592 75 83.33% 85.19% Roadway Repair & Maintenance Street Sign Repair & Replacement Contingency Non-Recurring Expenses Total 15, 1, 2,5 1,667 2,5 1,667 1.% 1.% 46,152 1,477,976 7,692 265,744 15,458 328,861 (7,766) (63,117) 66.5% 77.75% Excess of Revenues Over (Under) 1,28,482 1,145,917 (62,565).% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 1,28,482 1,145,917 (62,565).% Stormwater System Maintenance Other Physical Environment Office & Administration Staff Salaries/Payroll Telephone, Fax, Internet General Liability Insurance Property Insurance Landscape Maintenance Irrigation Repairs Irrigation Maintenance Holiday Decorations Landscape Replacement Plants, Shrubs & Trees 4

Statement of Revenues and 1 - General Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Annual Percent Annual Remaining YTD YTD Actual YTD Variance 253,361 253,361.% 1,28,482 1,399,278 19,796.% Fund Balance, Beginning of Period Fund Balance, End of Period 5

Statement of Revenues and 5 - Reserve Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Current Period Actual Annual To Actual Variance Percent Remaining Revenues Interest Earnings Interest Earnings Special Assessments Tax Roll Total Revenues 1,214 1,214.% 21,755 21,755 21,752 211,967 (3) 1,212.%.57% Contingency Capital Reserve Total 21,755 21,755 11,47 11,47 199,78 199,78 94.75% 94.76% 2,92 2,92.% 367 367.% 21,287 21,287.% 67,867 67,867.% 89,154 89,154.% Excess of Revenues Over (Under) Other Financing Sources (Uses) Unrealized Gain/Loss on Investments Exc. of Rev./Other Sources Over (Under) Expend./Other Uses Fund Balance, Beginning of Period Fund Balance, End of Period 6

Statement of Revenues and 2 - Debt Service Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Current Period Actual Annual To Actual Variance Percent Remaining Revenues Interest Earnings Interest Earnings Special Assessments Tax Roll Total Revenues 11,851 11,851.% 1,467,681 1,467,681 1,466,56 1,478,357 (1,175) 1,676 (.8)%.73% Debt Service Payments Interest Principal Total 92,681 565, 1,467,681 457,391 457,391 445,291 565, 1,1,291 49.32% 1.% 68.84% Excess of Revenues Over (Under) 1,2,967 1,2,967.% Exc. of Rev./Other Sources Over (Under) Expend./Other Uses 1,2,967 1,2,967.% 1,69,794 1,69,794.% 2,63,761 2,63,761.% Fund Balance, Beginning of Period Fund Balance, End of Period 7

Statement of Revenues and 4 - River Club Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Annual Revenues Special Assessments Tax Roll Amenity Center Revenue Administration Restaurant Revenue Total Revenues Cost of Goods Tennis Cost of Sales Restaurant Cost of Sales Salaries and Benefits Salaries and Wages Lessons-Fitness Employee Benefits Employee Education & Training Contract Services Repairs and Maintenance Chemicals Shop & Hand Tools Landscape Materials Sod & Seed Repairs & Maintenance-Equipment Maintenance Contracts Building Maintenance Office Expense Printing Postage Telephone Office Supplies Operating Expense Employee Meals Meals & Entertainment Equipment Replacement Licenses and Fees Travel Sanitation Disposal Utility - Water & Sewer Electricity Gas, Diesel Fuel and Oil Equipment Rental Percent Annual Remaining YTD YTD Actual YTD Variance 1,573,516 1,573,516 1,573,513 (3).% 5, 763, 2,386,516 8,333 127,167 1,79,16 9,458 136,79 1,719,5 1,125 8,912 1,34 81.8% 82.16% 27.97% 8,476 35,2 1,413 5,867 886 5,799 527 68 89.54% 83.35% 847,271 24,94 334,644 2, 2,5 141,212 4,151 55,774 333 3,417 13,136 3,94 47,28 3,36 11,76 247 8,494 333 57 84.64% 84.32% 85.87% 1.% 83.6% 6, 1,1 1, 2,5 32, 149,316 21, 1, 183 1,667 417 5,333 24,886 3,5 82 247 386 16,23 31,82 427 198 (64) 1,667 31 (1,69) (6,934) 3,73 86.63% 77.54% 1.% 84.56% 49.92% 78.68% 97.96% 1, 9 14,4 5,5 167 15 2,4 917 44 73 2,492 1,284 123 77 (92) (367) 95.6% 91.88% 82.69% 76.65% 22,126 3 21, 13,15 1,5 9,5 54,5 81, 1,5 15,5 3,688 5 3,5 2,169 25 1,583 9,83 13,5 1,75 2,583 4,366 65 3,497 294 956 1,29 9,164 13,829 1,621 1,181 (678) (15) 3 1,875 (76) 293 (81) (329) 129 1,42 8.26% 78.33% 83.34% 97.74% 36.26% 86.42% 83.18% 82.92% 84.56% 92.38% 8

Statement of Revenues and 4 - River Club Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Annual Percent Annual Remaining YTD YTD Actual YTD Variance 3,5 48, 3,5 5, 19,5 22,5 14,5 583 8, 5,83 833 3,25 3,75 2,417 1,175 6,698 3,152 2,916 2,943 5,96 (592) 1,32 1,931 833 334 87 (3,543) 66.42% 86.4% 89.66% 1.% 85.4% 86.92% 58.89% 1,2 2 2 1.% 15,5 1, 72, 4, 21,54 24,5 1, 21,28 2,583 167 12, 667 21,54 4,83 167 3,547 5,15 12, 559 21,691 1,454 121 2,74 (2,567) 167 18 (151) 2,629 46 1,473 66.77% 1.% 83.33% 86.2% (.7)% 94.6% 87.9% 9.25% 65,344 2,386,516 1,891 415,73 8,284 4,43 2,67 15,3 87.32% 83.22% Excess of Revenues Over (Under) 1,293,313 1,318,647 25,334.% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 1,293,313 1,318,647 25,334.% 48,843 48,843.% 1,293,313 1,799,49 56,176.% Personnel Supplies Laundry Music & Entertainment China, Glass, Silver Paper/Plastic Operating Supplies Decorations Legal & Professional Legal Fees Other Administrative Cost Com Related Promotion/Security Bad Debt Expense Management Fee Employee Relations Insurance Misc Expense/Credit Card Fees Dues & Subscriptions Amenities Marketing Contingency Non-Recurring Expenses Total Fund Balance, Beginning of Period Fund Balance, End of Period 9

Statement of Revenues and 45 - River Club Reserve Fund From 1/1/218 Through 11/3/218 (In Whole Numbers) Current Period Actual Annual Revenues Interest Earnings Interest Earnings Special Assessments Tax Roll Total Revenues To Actual Variance Percent Remaining 976 976.% 243,135 243,135 243,123 244,99 (12) 964.%.4% 15 (15).% 243,135 243,135 15 243,135 243,12 1.% 99.99% Excess of Revenues Over (Under) 244,84 244,84.% Exc. of Rev./Other Sources Over (Under) Expend./Other Uses 244,84 244,84.% 371,76 371,76.% 615,844 615,844.% Financial & Administrative Bank Fees Contingency Capital Reserve Total Fund Balance, Beginning of Period Fund Balance, End of Period 1

Venetian CDD Investment Summary November 3, 218 Balance as of Account Investment November 3, 218 The Bank of Tampa Money Market -.3% Interest $ 39,345 The Bank of Tampa ICS Program: Money Market - 1.5% Interest Flushing Bank Money Market 29,45 Total General Fund Investments $ 68,795 Fidelity Investments Money Market - 1.86% Interest $ 11,656 Fidelity Investments US Treasury Bills -Zero Coupon Maturity dtd 12/27/18 224,669 Fidelity Subtotal 326,325 The Bank of Tampa ICS Program: Money Market - 1.5% Interest Flushing Bank Money Market 173,353 The Huntington National Bank Money Market 71 United Bank Money Market 97,855 SunTrust Bank Money Market 798 Total Reserve Fund Investments $ 598,42 US Bank Series 212 Revenue First American Government Obligation Fund Class Y $ 666,88 US Bank Series 212 Interest First American Government Obligation Fund Class Y 2 US Bank Series 212 Reserve First American Government Obligation Fund Class Y 2,984 US Bank Series 212 Reserve US Treasury Notes - 1.25% Principal Coupon Moody's AAA Maturity dtd 4/3/19 953,158 US Bank Series 212 Prepayment First American Government Obligation Fund Class Y 38,473 Total Debt Service Fund Investments $ 1,661,425 First Tennessee Bank Money Market - 2.53% Interest $ 225,229 The Bank of Tampa ICS Program: Money Market - 1.5% Interest Flushing Bank Money Market 18 United Bank Money Market 147,383 Total River Club Reserve Fund Investments $ 372,72 11

Summary A/R Ledger 1 - General Fund From 11/1/218 Through 11/3/218 Invoice Date 1/1/218 Customer Name Invoice Number Current Balance Sarasota County Tax Collector FY18-19 1,113,249.6 Total 1 - General Fund 1,113,249.6 12

Summary A/R Ledger 2 - Debt Service Fund From 11/1/218 Through 11/3/218 Invoice Date 1/1/218 Customer Name Invoice Number Current Balance Sarasota County Tax Collector FY18-19 969,336.4 Total 2 - Debt Service Fund 969,336.4 13

Summary A/R Ledger 4 - River Club Fund From 11/1/218 Through 11/3/218 Invoice Date 1/1/218 Customer Name Invoice Number Current Balance Sarasota County Tax Collector FY18-19 1,4,65.61 Total 4 - River Club Fund 1,4,65.61 14

Summary A/R Ledger 45 - River Club Reserve Fund From 11/1/218 Through 11/3/218 Invoice Date 1/1/218 Customer Name Invoice Number Current Balance Sarasota County Tax Collector FY18-19 16,7.47 Total 45 - River Club Reserve Fund 16,7.47 Report Balance 3,283,351.18 15

Aged Payables by Invoice Date Aging Date - 1/1/218 1 - General Fund From 11/1/218 Through 11/3/218 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance David Lusty 1/8/218 DL1818 BOS Meeting 1/8/18 1. Harry Orenstein 1/8/218 HO1818 BOS Meeting 1/8/18 1. Jerry Jasper 1/8/218 JJ1818 BOS Meeting 1/8/18 1. Richard Bracco 1/8/218 RB1818 BOS Meeting 1/8/18 1. Richard Bracco 1/22/218 RB12218 BOS Meeting 1/22/18 1. Jerry Jasper 1/22/218 JJ12218 BOS Meeting 1/22/18 1. Harry Orenstein 1/22/218 HO12218 BOS Meeting 1/22/18 1. David Lusty 1/22/218 DL12218 BOS Meeting 1/22/18 1. Susie E Dunn-Lentile 1/22/218 SL122.18 BOS Meeting 1/22/18 2. Venetian Golf & River Club 1/31/218 435 Reimburse for Recharge Well 1/18 3,27.87 Venetian Golf & River Club 1/31/218 4344 Effluent Water Use 1/18 793.2 Brightview Landscape 11/1/218 61625 Monthly Landscape and 24,833.34 Services, Inc. Irrigation 11/18 Southworth Solutions, LLC 11/2/218 157 Software License Fee 11/18 224. Susie E Dunn-Lentile 11/12/218 SL111218 BOS Meeting 11/12/18 1. David Lusty 11/12/218 DL111218 BOS Meeting 11/12/18 1. Harry Orenstein 11/12/218 HO111218 BOS Meeting 11/12/18 1. Jerry Jasper 11/12/218 JJ111218 BOS Meeting 11/12/18 1. Richard Bracco 11/12/218 RB111218 BOS Meeting 11/12/18 1. Frontier Lighting, Inc. 11/15/218 S1931717.1 Light Fixtures 592.5 Frontier Lighting, Inc. 11/16/218 S1852356.2 Light Fixtures 55. Verizon Wireless 11/19/218 981866731 Wireless Telephone Services 11/19 34.62 Frontier Lighting, Inc. 11/2/218 S1852356.3 CREDIT MEMO TO INV S1852356.2 (55.) Water Boy Inc 11/21/218 2112683 Water Delivery 11/18 13.6 Water Boy Inc 11/21/218 2112714 Water Cups 11/18 7.5 Halifax Media Holdings, 11/23/218 SC55GRBHW Legal Advertising 11/18 94.25 LLC Invision Communications 11/23/218 AAAQ156 5 RFID Cards 11/18 212.5 Victory Security Agency II, LLC 11/24/218 4341 Security Services 11/18/18-11/24/18 5,685. Susie E Dunn-Lentile 11/26/218 SDL112618 BOS Meeting 11/26/18 1. Ramco Mulch Solutions 11/26/218 36 Installed Multi Color Mulch 61,38. 11/18 Invision Communications 11/26/218 AAAQ1511 Keri Doors System License Extra Computers 75. Richard Bracco 11/26/218 RB112618 BOS Meeting 11/26/18 1. Richard P. McCafferty 11/26/218 RM112618 BOS Meeting 11/26/18 1. David Lusty 11/26/218 DL112618 BOS Meeting 11/26/18 1. Jeff Pfohler Electric, Inc. 11/27/218 13562 Repair Wiring to 2 Mailboxes 478.24 Brightview Landscape Services, Inc. 11/28/218 673894 Remove Thryallis Install Firebush 35. 16

Aged Payables by Invoice Date Aging Date - 1/1/218 1 - General Fund From 11/1/218 Through 11/3/218 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Brightview Landscape Services, Inc. 11/28/218 673895 Straighten Magnolia 11/18 375. A N J Excavation, LLC 11/29/218 Invoice # Sidewalk Remove and Replace 11/18 5,767.5 Florida Power & Light 11/29/218 Electric Summary 11/18 FPL Electric Summary 11/18 2,6.29 Water Equipment Technologies of Southwest Florida LLC 11/29/218 1356 Weekly Maintenance-Entrance Fountains 11/18 15. Voila Decorating Inc. dba Trimmers Holiday Decor 11/29/218 267 Holiday Decorations 11/18 2,15. Venetian Golf & River Club 11/3/218 43434 Effluent Water Use 11/18 65.19 Brightview Landscape 11/3/218 3574873 Grass Install 11/18 3,25. Services, Inc. Brightview Landscape Services, Inc. 11/3/218 673893 Remove Viburnum Install Jasmine 11/18 476. Brightview Landscape Services, Inc. Brightview Landscape Services, Inc. Brightview Landscape Services, Inc. Brightview Landscape Services, Inc. Clean Sweep Parking Lot Maintenance Inc Rizzetta Amenity Services, Inc. 11/3/218 679598 Replace Buttercups 11/18 45. 11/3/218 679599 Lift Oak Trees 275. 11/3/218 6796 Sod Install 11/18 1,2. 11/3/218 67961 Replace Grass 11/18 135. 11/3/218 39312 Street Sweeping 11/18 395. 11/3/218 INV5654 EE Recruiting 11/18 65.75 Rizzetta Amenity Services, Inc. Victory Security Agency II, LLC 11/3/218 INV5626 Amenity Service BI-Weekly Payroll 11/18 12/1/218 4387 Security Services 11/25/18-12/1/18 4,2.51 5,98.6 Persson, Cohen & Mooney, P.A. 12/4/218 Venetian 11/18 Legal Services 11/18 9,3. Venetian Golf & River Club 12/5/218 Sales Tax VGC 11/18 Transponder Sales Tax Collected 11/18 28.24 Dye, Harrison, Kirkland, Petruff, Pratt & St. Paul, PLLC Schappacher Engineering LLC 12/6/218 975273 Legal Services 11/18 1,5. 12/1/218 125 Engineering Services 11/18 5,1. Total 1 - General Fund 144,56.7 Report Total 144,56.7 17

Notes to Unaudited Financial Statements November 3, 218 Balance Sheet 1. Trust statement activity has been recorded through 11/3/18. 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. Summary A/R Ledger-Subsequent Collections 5. General Fund 1 Payment for Invoice FY18-19 in the amount of $813,121.78 was received in December 218. 6. Debt Service Fund 2 Payment for Invoice FY18-19 in the amount of $78,77.11 was received in December 218. 7. Enterprise Fund 4 Payment for Invoice FY18-19 in the amount of $759,668.28 was received in December 218. 8. River Club Reserve Fund 45 Payment for Invoice FY18-19 in the amount of $117,376.3 was received in December 218. 18