Diamond Hill Community Development District Financial Statements (Unaudited) January 31, 2018 Prepared by: Rizzetta & Company, Inc. diamondhillcdd.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 200,102 0 0 200,102 0 0 Investments 335,856 0 255,185 591,040 0 0 Investments - Reserves 0 592,813 0 592,813 0 0 Accounts Receivable 14,255 0 14,742 28,997 0 0 Prepaid Expenses 0 0 0 0 0 0 Due From Other Funds 0 0 3,489 3,489 0 0 Amount Available in Debt Service 0 0 0 0 0 273,416 Amount To Be Provided Debt Service 0 0 0 0 0 2,111,584 Fixed Assets 0 0 0 0 2,812,478 0 Total Assets 550,213 592,813 273,416 1,416,441 2,812,478 2,385,000 Liabilities Accounts Payable 53 0 0 53 0 0 Accrued Expenses Payable 1,800 0 0 1,800 0 0 Due To Other Funds 3,489 0 0 3,489 0 0 Revenue Bonds Payable--Long Term 0 0 0 0 0 2,385,000 Total Liabilities 5,342 0 0 5,342 0 2,385,000 Fund Equity & Other Credits Beginning Fund Balance 441,952 556,367 105,749 1,104,068 2,812,478 0 Net Change in Fund Balance 102,919 36,445 167,666 307,031 0 0 Total Fund Equity & Other Credits 544,871 592,813 273,416 1,411,099 2,812,478 0 Total Liabilities & Fund Equity 550,213 592,813 273,416 1,416,441 2,812,478 2,385,000
Statement of Revenues and 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 500 167 1,044 877 (108.78)% Special Assessments Tax Roll 166,670 166,670 168,051 1,381 (0.82)% Total Revenues 167,170 166,837 169,095 2,258 (1.15)% Legislative Supervisor Fees 5,000 1,667 2,000 (333) 60.00% Financial & Administrative Administrative Services 4,500 1,500 1,500 0 66.66% District Management 18,200 6,067 6,067 0 66.66% District Engineer 5,000 1,667 4,426 (2,759) 11.48% Trustees Fees 3,500 1,616 1,616 0 53.82% 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 16,000 5,333 5,333 0 66.66% Auditing Services 3,150 0 0 0 100.00% Miscellaneous Mailings 500 167 0 167 100.00% Public Officials Liability Insurance 2,475 2,475 2,250 225 9.09% Legal Advertising 2,000 667 0 667 100.00% Dues, Licenses & Fees 175 175 175 0 0.00% Miscellaneous Fees 1,000 333 0 333 100.00% Website Hosting, Maintenance, Bachup (and Email) 1,200 400 400 0 66.66% Legal Counsel District Counsel 7,500 2,500 3,054 (554) 59.28% Electric Utility Services Utility Services 1,000 333 210 123 78.95% Stormwater Control Aquatic Maintenance 8,400 2,800 2,800 0 66.66% Lake/Pond Bank Maintenance 2,500 833 0 833 100.00% Stormwater System Maintenance 1,000 333 0 333 100.00% Aquatic Plant Replacement 1,000 333 0 333 100.00% Miscellaneous Expense 1,000 333 0 333 100.00% Other Physical Environment Property & General Liability Insurance 4,070 4,070 3,700 370 9.09% Landscape Maintenance 45,000 15,000 15,984 (984) 64.47% Ornamental Lighting & Maintenance 1,000 333 0 333 100.00% Irrigation Repairs 1,000 333 675 (341) 32.52% Entry & Walls Maintenance 1,000 333 0 333 100.00% Well Maintenance 2,000 667 0 667 100.00% Holiday Decorations 1,000 1,000 0 1,000 100.00%
Statement of Revenues and 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 Landscape Replacement Plants, Shrubs, Trees 5,000 1,667 369 1,298 92.63% Miscellaneous Expense 1,000 333 0 333 100.00% Contingency Miscellaneous Contingency 10,000 3,333 8,950 (5,617) 10.50% Miscellaneous Fees 1,000 333 0 333 100.00% Total 167,170 63,603 66,176 (2,573) 60.41% Excess of Revenue Over (Under) 0 103,234 102,919 (315) 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 103,234 102,919 (315) 0.00% Fund Balance, Beginning of Period 0 0 441,952 441,952 0.00% Fund Balance, End of Period 0 103,234 544,871 441,637 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 2,277 2,277 0.00% Special Assessments Tax Roll 34,168 34,168 0 0.00% Total Revenues 34,168 36,445 2,277 6.67% Contingency Capital Reserve 34,168 0 34,168 100.00% Total 34,168 0 34,168 100.00% Excess of Revenue Over (Under) 0 36,445 36,445 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 36,445 36,445 0.00% Fund Balance, Beginning of Period 0 556,367 556,367 0.00% Fund Balance, End of Period 0 592,813 592,813 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 0 748 748 0.00% Special Assessments Tax Roll 207,704 209,132 1,429 0.68% Total Revenues 207,704 209,881 2,177 1.05% Debt Service Interest 82,704 42,215 40,489 48.95% Principal 125,000 0 125,000 100.00% Total 207,704 42,215 165,489 79.68% Excess of Revenue Over (Under) 0 167,666 167,666 0.00% Excess of Rev./Other Sources Over (Under) Expend./Other Uses 0 167,666 167,666 0.00% Fund Balance, Beginning of Period 0 105,749 105,749 0.00% Fund Balance, End of Period 0 273,416 273,416 0.00%
Diamond Hill CDD Investment Summary January 31, 2019 Balance as of Account Investment January 31, 2019 SunTrust Bank Money Market Account $ 3,050 Bank of Tampa Money Market Account 112,344 Bank of Tampa ICS Program BTH Namk NA Money Market Account 2 Bank of the West Money Market Account 5 Mutual of Omaha Bank Money Market Account 77,523 Popular Bank Money Market Account 142,932 Total General Fund Investments $ 335,856 Bank of Tampa ICS Capital Reserve Bank of the West Money Market Account $ 3 First National Bank of Omaha Money Market Account 245,250 Popular Bank Money Market Account 102,318 United Bank Money Market Account 245,242 Total Reserve Fund Investments $ 592,813 US Bank Series 2013 Revenue First American Treasury Obligation Fund Class Z $ 234,152 US Bank Series 2013 Reserve First American Treasury Obligation Fund Class Z 21,033 Total Debt Service Fund Investments $ 255,185
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 14,254.87 Total 001 - General Fund 14,254.87
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 14,742.22 Total 200 - Debt Service Fund 14,742.22 Report Balance 28,997.09
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 TECO 1/31/2019 211010801895 1/19 12929 Sydney Road #A 01/19 52.89 Total 001 - General Fund 52.89 Report Total 52.89
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. 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. Summary A/R Ledger Subsequent Collections 4. General Fund Payment for Invoice FY18-19 in the amount of $2,399.14 was received in January 2019. 5. Debt Service Fund Payment for Invoice FY18-19 in the amount of $2,481.17 was received in January 2019.