COMMUNITY DEVELOPMENT DISTRICT	
BALANCE SHEET-GOVERNMENTAL FUNDS
September 30, 2019

	Major Funds		Totals	
		Debt Service	Capital Projects	Governmental	
	General	Fund	Fund	Funds	
ASSETS:					
Cash - Checking	$177,079			$177,079	
Due From Other Funds	$51,403	$85,590		$136,993	
Investments:						
State Board - Operating	$41			$41	
State Board - Reserves	$354,226			$354,226	
State Board - Settlement		$1,381,767		$1,381,767	
SERIES 2012A						
Reserve		$604,313		$604,313	
Revenue		$437,658		$437,658	
Bond Redemption		$6,259		$6,259	
Cost of Issuance			$6,237	$6,237	
SERIES 2014A						
Reserve		$2,548,047		$2,548,047	
Revenue		$803,234		$803,234	
Redemption		$71,079		$71,079	
Construction		$0	$9,421	$9,421	
SERIES 2017A	
Reserve		
$32,120		
$32,120	
Revenue		$123,649		$123,649	
Construction			$4,344,328	$4,344,328	
Prepaid Expenses	$9,719			$9,719	
Total Assets	$592,467	$6,093,715	$4,359,987	$11,046,169	

LIABILITIES:							
Accounts Payable		$9,617			$9,617	
Due To Other Funds		$72,187	$64,805		$136,993	
	Total Liabilities	$81,804	$64,805	$0	$146,610	

DEFERRED INFLOWS OF RESOURCES:
Unavailable Revenue - Special Assessments	$160,000	$160,000

Total deferred inflows of resources	$160,000	$0	$0	$160,000

FUND BALANCES:
Nonspendable:
Prepaid items	$9,719	$9,719 Restricted for:
Debt Service	$6,028,910		$6,028,910	
Capital Projects		$4,359,987	$4,359,987	
Assigned to:				
Current Year's Expenditures	$257,249			$257,249	
Maintenance Reserves	$354,226			$354,226	
Unassigned	($270,531)			($270,531)	
Total Fund Balances	$350,663	$6,028,910	$4,359,987	$10,739,559	
					
TOTAL LIABILITIES AND FUND BALANCES	$592,467	$6,093,715	$4,359,987	$11,046,169	

COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ended September 30, 2019

DESCRIPTION			ADOPTED
BUDGET		PRORATED BUDGET
THRU 09/30/19		ACTUAL
THRU 09/30/19		
VARIANCE	

REVENUES:										
Special Assessments-On Roll			$137,664		$137,664		$138,555		$891	
Special Assessments-Off Roll			$160,000		$160,000		$160,000		$0	
FEMA Revenue			$0		$0		$65,143		$65,143	
Interest Income			$750		$7S0		$11,797		$11,047	
TOTAL REVENUES			$298,414		$298,414		$375,495		$77,081	

EXPENDITURES:										
ADMINISTRATIVE:										
Engineering			$50,000		$50,000		$63,166		($13,166)	
Arbitrage			$1,800		$1,800		$1,200		$600	
Attorney			$30,000		$30,000		$12,760		$17,240	
Annual Audit			$9,000		$9,000		$7,750		$1,250	
Trustee Fees			$24,500		$24,500		$23,733		$767	
Management Fees			$50,810		$50,810		$50,810		$0	
Computer Time			$1,000		$1,000		$1,000		($0)	
Telephone			$250		$250		$6		$244	
Postage			$425		$425		$172		$253	
Printing & Binding			$1,250		$1,250		$617		$633	
Rentals & Leases			$2,400		$2,400		$2,400		($0)	
Insurance			$8,058		$8,058		$7,325		$733	
Legal Advertising			$500		$500		$636		($136)	
Other Current Charges			$500		$500		$546		($46)	
ReaI Estate Taxes			$3,500		$3,500		$8,758		($5,258)	
Office Supplies			$250		$250		$80		$170	
Dues, Licenses & Subscriptions			$175		$175		$175		$0	
Website Design/Maintenance			$3,000		$3,000		$3,000		$0	
Holiday Lighting			$59,657		$59,657		$59,657		$0	
TOTAL ADMINISTRATIVE			$247,074		$247,074		$243,792		$3,282	

DRAINAGE SYSTEM:										
Lake Maintenance			$15,000		$15,000		$6,538		$8,462	
Storm Drain Cleaning			$150,000		$150,000		$6,990		$143,010	
Mosquito Control			$102,000		$102,000		$102,000		$0	
Contingencies			$5,000		$5,000		$0		$5,000	
Capital Outlay			$0		$0		$0		$0	
TOTAL DRAINAGE SYSTEM			$272,000		$272,000		$115,528		$156,472	

COMMUNITY DEVELOPMENT DISTRICT GENERAL FUND
Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ended September 30, 2019

	
DESCRIPTION			ADOPTED
BUDGET		PRORATED BUDGET
THRU 09/30/19		ACTUAL
THRU 09/30/19		
VARIANCE		
	IRRIGATION SYSTEM:											
	
Electric			
$19,618		
$19,618		
$8,048		$11,569		
	Repairs and Maintenance			$3,500		$3,500		$65,143		($61,643)		
	Landscape Improvements			$3,471		$3,471		$0		$3,471		
	Contingencies			$5,000		$5,000		$1,050		$3,950		
	Capital Outlay			$5,000		$5,000		$0		$5,000		
	TOTAL IRRIGATION SYSTEM			$36,588		$36,588		$74,241		($37,653)		
	
MAINTENANCE RESERVES:											
	
Storm Drains			
$0		
$0		$0		$0		
	Roadway Improvements			$0		$0		$0		$0		
	Paving Outer Ring Roads			$0		$0		$0		$0		
	TOTAL MAINTENANCE RESERVES			$0		$0		$0		$0		
												
	TOTAL EXPENDITURES			$555,662		$555,662		$433,561		$122,101		
	
Excess (deficiency) of revenues over (under) expenditures			
($257,249)		
($257,249)		
($58,066)		
$199,182		
	Net change in fund balance			($257,249)		($257,249)		($58,066)		$199,182		
	
FUND BALANCE - Beginning			
$257,249				
$408,729				
	FUND BALANCE - Ending			$0				$350,663				

DESCRIPTION		ADOPTED
BUDGET		PRORATED
THRU 09/30/19		ACTUAL THRU 09/30/19		
VARIANCE	

REVENUES:									

Interest Income		
$0		
$0		
$3,542		$3,542	
Special Assessments		$1,219,177		$1,219,177		$1,277,573		$58,397	
TOTAL REVENUES		$1,219,177		$1,219,177		$1,281,115		$61,939	

EXPENDITURES:									

SERIES 2012									
Interest - 11/01		$113,389		$113,389		$135,504		($22,115)	
Interest - 5/01		$113,389		$113,389		$137,811		($24,422)	
Principal - 5/01		$995,000		$995,000		$995,000		$0	

TOTAL EXPENDITURES	$1,221,778	$1,221,778	$1,268,315		($46,537)

Excess (deficiency) of revenues		
over (under) expenditures	($2,601)	($2,601}	$12,800	$15,402	

Net change in fund balance	($2,601}	 	($2,601)	$12,800	$15,402 	

FUND BALANCE - Beginning	
$410,145	
$1,022,027	
FUND BALANCE - Ending	$407,544	$1,034,828	

DESCRIPTION		ADOPTED
BUDGET		PRORATED
THRU 09/30/19		ACTUAL THRU 09/30/19		
VARIANCE	

REVENUES:									

Interest Income		
$2,580		
$2,580		
$125,974		$123,394	
Special Assessments		$4,933,287		$4,933,287		$4,941,894		$8,607	
TOTAL REVENUES		$4,935,867		$4,935,867		$5,067,868		$132,001	

EXPENDITURES:									

SERIES 2014									
Interest - 11/01		$803,886		$803,886		$803,886		$0	
Interest - 5/01		$790,779		$790,779		$790,779		$0	
Principal - 5/01		$3,400,000		$3,400,000		$3,400,000		$0	

TOTAL EXPENDITURES	$4,994,665	$4,994,665	$4,994,665	$0

Excess (deficiency) of revenues		
over (under) expenditures	($58,798)	($58,798)	$73,204	$132,001	

Net change in fund balance	($58,798)	 	($58,798)	$73,204	$132,001	

FUND BALANCE - Beginning	
$949,035	
$4,777,503	
FUND BALANCE - Ending	$890,238	$4,850,706	

SERIES 2017
DEBT SERVICE FUND
Statement of Revenues, Expenditures, and Changes in Fund Balance For the Period Ended September 30, 2019

DESCRIPTION		ADOPTED
BUDGET		PRORATED
THRU 09/30/19		ACTUAL THRU 09/30/19		
VARIANCE		

REVENUES:										

Interest Income		
$0		
$0		$553		$553		
Special Assessments		$321,199		$321,199		$322,713		$1,513		
TOTAL REVENUES		$321,199		$321,199		$323,266		$2,066		

EXPENDITURES:										

SERIES 2017										
Interest - 11/01		$89,700		$89,700		$89,700		$0		
Interest - 5/01		$89,700		$89,700		$89,700		$0		
Principal- 5/01		$140,000		$140,000		$140,000		$0		
TOTAL EXPENDITURES		 	$319,400		$319,400		$319,400		$0		

Excess (deficiency) of revenues										
over (under) expenditures		$1,799		$1,799		$3,866		$2,066		

Net change in fund balance	 $1,799	$1,799	$3,866	$2,066	

FUND BALANCE - Beginning	

$107,171	
$139,510	
FUND BALANCE - Ending	$108,970	$143,376	

Long Term Debt Report FY 2019

Interest Rate; Maturity Date:

Bonds outstanding - 9/30/2018 Less:	Series 2012A, Special Assessment  Refunding Bonds (Industrial)

2.980%
5/1/2025

May 1,  2019 (Mandatory)	

$7,610,000.00 ($995,000.00)	
Current Bonds Outstanding		$6,615,000.00	
	
	Series 2014A, Special Assessment Refunding Bonds (Commercial)		
Interest Rate;	3.3835%		
Maturity Date:	5/1/2028		
Bonds outstanding- 9/30/2018		$46,485,000.00	
Less:	May 1, 2019 (Mandatory)	($3,400,000.00)	
Current Bonds Outstanding		$43,085,000.00	

$5,060,000.00

Current Bonds Outstanding

$5,200,000.00 ($140,000.00)

May 1, 2019 (Mandatory)

Bonds outstanding - 9/30/2018
Less:

3.4500%
5/1/2042

Interest Rate;
Maturity Date:

Series 2017A, Special Assessment Refunding Bonds (Commercial)

iTotal Current Bonds Outstanding	$54,760,000.00 1

DESCRIPTION		ADOPTED
BUDGET		PRORATED
THRU 09/30/19		ACTUAL
THRU 09/30/19		
VARIANCE	

REVENUES:									

Interest Income		
$0		
$0		
$16		
$16	
TOTAL REVENUES		 	$0		 	$0		 	$16		 	$16	
EXPENDITURES:									

Capital Outlay		
$0		
$0		
$0		
$0	
TOTAL EXPENDITURES		 	$0		 	$0		 	$0		 	$0	
Excess (deficiency) of revenues over (under) expenditures		
 	$0		
 	$0		
 	$16		
 	$16	
Net change in fund balance		 	$0		 	$0		 	$16		 	$16	
FUND BALANCE - Beginning		$0				$6,221			
FUND BALANCE - Ending		$0				$6,238			

DESCRIPTION		ADOPTED
BUDGET		PRORATED
THRU 09/30/19		ACTUAL
THRU 09/30/19		
VARIANCE	

REVENUES:									

Interest Income		
$0		
$0		
$25		
$25	
TOTAL REVENUES		 	$0		 	$0		 	$25		 	$25	
EXPENDITURES:									

Capital Outlay		
$0		
$0		
$0		
$0	
TOTAL EXPENDITURES		 	$0		 	$0		 	$0		 	$0	
Excess (deficiency) of revenues over (under) expenditures		
 	$0		
 	$0		
 	$25		
 	$25	
Net change in fund balance		 	$0		 	$0		 	$25		 	$25	
FUND BALANCE - Beginning		
$0				
$9,396			
FUND BALANCE - Ending		$0				$9,421			

 	 	 	 	

DESCRIPTION

ADOPTED BUDGET

PRORATED THRU 09/30/19

ACTUAL
THRU 09/30/19	VARIANCE

REVENUES:

Interest Income	$0	$0	$93,465	$93,465

TOTAL REVENUS	 	$0		 	$0		 	$93,465 		 	$93,465 	
EXPENDITURES:

Capital Outlay	

$0		

$0		

$127,980		

($127,980)	

TOTAL EXPENDITURES	 	$0	 	$0	$127,980	($127,980)

Excess (deficiency) of revenues
over (under) expenditures	 	$0	 	$0	($34,515)	($34,515)

Net change in fund balance		$0	$0	($34,515)	($34,515)	

FUND BALANCE - Beginning		
$0		
$4,378,843		
FUND BALANCE - Ending		$0		
$4,344,328