Mira Lago West Community Development District Financial Statements (Unaudited) January 31, 2019 Prepared by: Rizzetta & Company, Inc. miralagowestcdd.org rizzetta.com
Balance Sheet As of 1/31/2019 (In Whole Numbers) Debt Service General Fund Reserve Fund Fund Total Governmental Funds General Fixed Assets Account Group General Long-Term Debt Account Group Assets Cash In Bank 165,961 0 0 165,961 0 0 Investments 40,114 0 347,861 387,975 0 0 Investments - Reserves 0 60,382 0 60,382 0 0 Accounts Receivable 10,366 0 17,691 28,057 0 0 Prepaid Expenses 0 0 0 0 0 0 Deposits 837 0 0 837 0 0 Due From Other Funds 0 0 55 55 0 0 Amount Available in Debt Service 0 0 0 0 0 365,607 Amount To Be Provided Debt Service 0 0 0 0 0 3,089,393 Fixed Assets 0 0 0 0 4,130,571 0 Total Assets 217,277 60,382 365,607 643,267 4,130,571 3,455,000 Liabilities Accounts Payable 3,468 0 0 3,468 0 0 Accrued Expenses Payable 595 0 0 595 0 0 Due To Other Funds 55 0 0 55 0 0 Revenue Bonds Payable - Long Term 0 0 0 0 0 3,455,000 Total Liabilities 4,118 0 0 4,118 0 3,455,000 Fund Equity & Other Credits Beginning Fund Balance 115,748 50,338 161,315 327,402 4,130,571 0 Net Change in Fund Balance 97,411 10,044 204,292 311,747 0 0 Total Fund Equity & Other Credits 213,159 60,382 365,607 639,149 4,130,571 0 Total Liabilities & Fund Equity 217,277 60,382 365,607 643,267 4,130,571 3,455,000
Statement of Revenues and 001 - General Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Revenues Interest Earnings Interest Earnings 0 0 5 5 0.00% Special Assessments Tax Roll 0 0 32 32 0.00% Tax Roll 149,900 149,900 150,967 1,067 (0.71)% Total Revenues 149,900 149,900 151,005 1,105 (0.74)% Legislative Supervisor Fees 6,000 1,500 1,000 500 83.33% Financial & Administrative Administrative Services 4,725 1,575 1,575 0 66.66% District Management 19,800 6,600 6,600 0 66.66% District Engineer 5,000 1,667 3,750 (2,083) 25.00% Disclosure Report 5,000 1,667 0 1,667 100.00% Trustees Fees 3,500 3,500 2,200 1,300 37.14% Assessment Roll 5,000 5,000 5,000 0 0.00% Financial Consulting Services 5,000 1,667 1,667 0 66.66% Accounting Services 15,048 5,016 5,016 0 66.66% Auditing Services 3,400 0 0 0 100.00% Public Officials Liability Insurance 2,750 2,750 2,500 250 9.09% Legal Advertising 500 167 182 (15) 63.60% Dues, Licenses & Fees 175 175 175 0 0.00% Website Hosting, Maintenance, Backup (and Email) 2,100 700 700 0 66.66% Legal Counsel District Counsel 3,500 1,167 299 868 91.47% Electric Utility Services Utility Services 5,000 1,667 2,292 (625) 54.16% Stormwater Control Lake/Pond Bank Maintenance 3,500 1,167 0 1,167 100.00% Fountain Service Repairs & Maintenance 2,000 667 0 667 100.00% Aquatic Maintenance 14,600 4,867 6,372 (1,505) 56.35% Mitigation Area Monitoring & 3,000 1,000 0 1,000 100.00% Maintenance Aquatic Plant Replacement 2,000 667 0 667 100.00% Other Physical Environment Property Insurance 5,200 5,200 5,015 185 3.55% Landscape Maintenance 33,000 11,000 9,252 1,748 71.96% Contingency Miscellaneous Contingency 102 34 0 34 100.00%
Statement of Revenues and 001 - General Fund From 10/1/2018 Through 1/31/2019 (In Whole Numbers) Annual Budget Percent Annual Budget YTD Budget YTD Actual YTD Variance Remaining Total 149,900 59,417 53,594 5,823 64.25% Excess of Revenue Over (Under) 0 90,483 97,411 6,928 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 90,483 97,411 6,928 0.00% Fund Balance, Beginning of Period 0 0 115,748 115,748 0.00% Fund Balance, End of Period 0 90,483 213,159 122,676 0.00%
Statement of Revenues and 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 44 44 0.00% Special Assessments Tax Roll 10,000 10,000 0 0.00% Total Revenues 10,000 10,044 44 0.44% Contingency Capital Reserves 10,000 0 10,000 100.00% Total 10,000 0 10,000 100.00% Excess Of Revenue Over (Under) 0 10,044 10,044 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 10,044 10,044 0.00% Fund Balance, Beginning of Period 0 50,338 50,338 0.00% Fund Balance, End of Period 0 60,382 60,382 0.00%
Statement of Revenues and 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 0 144 144 0.00% Special Assessments Tax Roll 272,904 274,784 1,880 0.68% Total Revenues 272,904 274,928 2,023 0.74% Debt Service Interest 137,904 70,636 67,269 48.77% Principal 135,000 0 135,000 100.00% Total 272,904 70,636 202,269 74.12% Excess Of Revenue Over (Under) 0 204,292 204,292 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 204,292 204,292 0.00% Fund Balance, Beginning of Period 0 161,315 161,315 0.00% Fund Balance, End of Period 0 365,607 365,607 0.00%
Mira Lago West CDD Investment Summary January 31, 2019 Balance as of Account Investment January 31, 2019 SunTrust Bank Money Market Account $ 40,114 Total General Fund Investments $ 40,114 The Bank of Tampa Capital Reserve Money Market Account $ 60,382 Total Reserve Fund Investments $ 60,382 US Bank Series 2016 Revenue US Bank Mmt 5 - Ct $ 279,635 US Bank Series 2016 Reserve US Bank Mmt 5 - Ct 68,226 Total Debt Service Fund Investments $ 347,861
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 Tax Collector FY18-19 10,365.53 Total 001 - General Fund 10,365.53
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 Tax Collector FY18-19 17,691.25 Total 200 - Debt Service Fund 17,691.25 Report Balance 28,056.78
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 Bravo Landscape 1/23/2019 INV-1751 Lawn Maintenance 02/19 Johnson, Mirmiran & Thompson, Inc 1/24/2019 4-131581 Engineering Services 11/25/18-12/29/18 Total 001 - General Fund 2,313.00 1,155.00 3,468.00 Report Total 3,468.00
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.