Easton Park Community Development District Financial Statements (Unaudited) January 31, 2019 Prepared by: Rizzetta & Company, Inc. eastonparkcdd.org rizzetta.com
Balance Sheet As of 1/31/2019 (In Whole Numbers) Total Governmental General Fund Reserve Fund Debt Service Fund Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 230,847 0 0 230,847 0 0 Investments 167,652 0 533,107 700,759 0 0 Investments--Reserves 0 126,621 0 126,621 0 0 Accounts Receivable 28,775 0 22,137 50,912 0 0 Prepaid Expenses 0 0 0 0 0 0 Deposits 2,735 0 0 2,735 0 0 Due From Other Funds 0 0 7,791 7,791 0 0 Due From Other 0 0 0 0 0 0 Amount Available in Debt Service 0 0 0 0 0 563,035 Amount To Be Provided Debt Service 0 0 0 0 0 5,131,965 Fixed Assets 0 0 0 0 7,546,435 0 Total Assets 430,008 126,621 563,035 1,119,665 7,546,435 5,695,000 Liabilities Accounts Payable 173 0 0 173 0 0 Accrued Expenses Payable 22,080 0 0 22,080 0 0 Due To Other Funds 7,791 0 0 7,791 0 0 Revenue Bonds Payable--Long Term 0 0 0 0 0 5,695,000 Total Liabilities 30,044 0 0 30,044 0 5,695,000 Fund Equity & Other Credits Beginning Fund Balance 49,773 126,279 244,422 420,474 7,546,435 0 Net Change in Fund Balance 350,192 342 318,613 669,146 0 0 Total Fund Equity & Other Credits 399,964 126,621 563,035 1,089,621 7,546,435 0 Total Liabilities & Fund Equity 430,008 126,621 563,035 1,119,665 7,546,435 5,695,000
Statement of Revenues and Expenditures 001 - General Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Percent Annual Budget Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings 0 0 108 108 0.00% Special Assessments Tax Roll 536,850 536,850 541,603 4,753 (0.88)% Total Revenues 536,850 536,850 541,711 4,861 (0.91)% Expenditures Legislative Supervisor Fees 12,000 3,273 3,000 273 75.00% Financial & Administrative Administrative Services 4,725 1,575 1,575 0 66.66% District Management 26,507 8,836 8,836 0 66.66% District Engineer 5,000 1,667 1,006 661 79.88% Disclosure Report 1,100 1,100 0 1,100 100.00% Trustees Fees 3,658 3,658 2,042 1,616 44.18% Assessment Roll 5,000 5,000 5,000 0 0.00% Financial & Revenue Collections 5,000 1,667 1,667 0 66.66% Accounting Services 17,745 5,915 5,915 0 66.66% Auditing Services 3,600 0 0 0 100.00% Arbitrage Rebate Calculation 500 167 0 167 100.00% Public Officials Liability Insurance 2,475 2,475 2,250 225 9.09% Legal Advertising 500 167 618 (451) (23.60)% Bank Fees 300 100 110 (10) 63.23% Dues, Licenses & Fees 175 175 175 0 0.00% Website Hosting, Maintenance, Backup (and Email) 1,200 400 400 0 66.66% Legal Counsel District Counsel 5,000 1,667 2,890 (1,223) 42.20% Security Operations Security System Monitoring and Maintenance 5,136 1,712 1,284 428 75.00% Dedicated Internet Service 3,048 1,016 23 993 99.24% Electric Utility Services Street Light Bond 600 200 0 200 100.00% Street Lights 113,000 37,667 37,520 147 66.79% Utility - Fountains 6,500 2,167 1,807 360 72.19% Utility Services-Round About Lights 500 167 164 3 67.23% Utility - Irrigation 5,000 1,667 1,121 546 77.58% Stormwater Control Fountain Service Repairs & Maintenance 3,000 1,000 529 472 82.38%
Statement of Revenues and Expenditures 001 - General Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Percent Annual Budget Annual Budget YTD Budget YTD Actual YTD Variance Remaining Aquatic Maintenance 30,120 10,040 10,040 0 66.66% Invasive Plant Removal 25,000 8,333 4,900 3,433 80.40% Lake/Pond Bank Maintenance 2,500 833 0 833 100.00% Stormwater System Maintenance 1,000 333 0 333 100.00% Other Physical Environment Property Insurance 1,936 1,936 1,760 176 9.09% General Liability Insurance 2,750 2,750 2,500 250 9.09% Entry & Walls Maintenance 1,000 333 0 333 100.00% Landscape Maintenance 142,863 47,621 47,621 0 66.66% Irrigation Repairs 7,500 2,500 754 1,746 89.94% Ornamental Lighting & Maintenance 2,500 833 0 833 100.00% Field Operations 7,500 2,500 2,500 0 66.66% Rust Prevention 7,140 2,380 2,380 0 66.66% Landscape Replacement Plants, Shrubs, Trees 10,000 3,333 0 3,333 100.00% Landscape - Mulch 15,000 5,000 12,238 (7,238) 18.41% Annual Flower Program 15,000 5,000 4,297 703 71.35% Holiday Decorations 24,600 24,600 24,600 0 0.00% Road & Street Facilities Sidewalk Repair & Maintenance 5,000 1,667 0 1,667 100.00% Contingency Miscellaneous Contingency 4,172 1,391 0 1,391 100.00% Total Expenditures 536,850 204,819 191,519 13,299 64.33% Excess of Revenue Over (Under) Expenditures 0 332,031 350,192 18,160 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 332,031 350,192 18,160 0.00% Fund Balance, Beginning of Period 0 0 49,773 49,773 0.00% Fund Balance, End of Period 0 332,031 399,964 67,933 0.00%
Statement of Revenues and Expenditures 005 - Reserve Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 342 342 0.00% Total Revenues 0 342 342 0.00% Excess of Revenue Over (Under) Expenditures 0 342 342 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 342 342 0.00% Fund Balance, Beginning of Period 0 126,279 126,279 0.00% Fund Balance, End of Period 0 126,621 126,621 0.00%
Statement of Revenues and Expenditures 200 - Debt Service Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Current Period Actual Budget To Actual Variance Budget Percent Remaining Revenues Interest Earnings Interest Earnings 0 1,775 1,775 0.00% Special Assessments Tax Roll 413,001 416,500 3,499 0.84% Total Revenues 413,001 418,275 5,274 1.28% Expenditures Debt Service Interest 198,001 99,663 98,339 49.66% Principal 215,000 0 215,000 100.00% Total Expenditures 413,001 99,663 313,339 75.87% Excess of Revenue Over (Under) Expenditures 0 318,613 318,613 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 318,613 318,613 0.00% Fund Balance, Beginning of Period 0 244,422 244,422 0.00% Fund Balance, End of Period 0 563,035 563,035 0.00%
Easton Park CDD Investment Summary January 31, 2019 Balance as of Account Investment January 31, 2019 The Bank of Tampa Money Market Account $ 166,172 The Bank of Tampa ICS Program: Western Alliance Bank Money Market Account 1,480 Total General Fund Investments $ 167,652 The Bank of Tampa ICS Capital Reserve Program Western Alliance Bank Money Market Account $ 126,621 Total Reserve Fund Investments $ 126,621 US Bank Series 2017 Reserve Federated Government Obligation Fd #5 $ 124,740 US Bank Series 2017 Revenue Federated Government Obligation Fd #5 408,352 US Bank Series 2017 Interest Federated Government Obligation Fd #5 6 US Bank Series 2017 Sinking Fund Federated Government Obligation Fd #5 9 Total Debt Service Fund Investments $ 533,107
Summary A/R Ledger 001 - General Fund From 1/1/2019 Through 1/31/2019 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY18-19 28,775.00 Total 001 - General Fund 28,775.00
Summary A/R Ledger 200 - Debt Service Fund From 1/1/2019 Through 1/31/2019 Invoice Date Customer Name Invoice Number Current Balance 10/1/2018 Hillsborough County Tax Collector FY18-19 22,136.70 Total 200 - Debt Service Fund 22,136.70 Report Balance 50,911.70
Aged Payables by Invoice Date Aging Date - 1/1/2019 001 - General Fund From 1/1/2019 Through 1/31/2019 Vendor Name Invoice Date Invoice Number Invoice Description Current Balance Vertex Water Features Inc. 1/24/2019 I2989 Fountain Cleaning 01/19 173.00 Total 001 - General Fund 173.00 Report Total 173.00
Notes to Unaudited Financial Statements January 31, 2019 Balance Sheet 1. Trust statement activity has been recorded through 01/31/19. 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.