Cordoba Ranch Community Development District

Financial Statements (Unaudited)

February 29, 2016

Prepared by
Rizzetta & Company, Inc. District Manager

Cordoba Ranch Community Development District
Balance Sheet As of 2/29/2016
(In Whole Numbers)

Debt Service
General Fund	Reserve Fund	Fund

Capital Projects Fund

Total Governmental Funds

General Fixed Assets Account Group

General Long-Term Debt Account Group

 	 	 	 	 	 	

Assets
Cash In Bank	132,002		0		0		0		132,002		0		0	
Investments	191,458		0		964,974		2,221		1,158,652		0		0	
Investments-Reserves	0		70,057		0		0		70,057		0		0	
Accounts Receivable	33,397		0		43,985		0		77,382		0		0	
Prepaid Expenses	0		0		0		0		0		0		0	
Deposits	11,330		0		0		0		11,330		0		0	
Due From Other Funds	0		0		0		0		0		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		1,008,959	
Amount To Be Provided Debt Service	0		0		0		0		0		0		6,586,041	
Fixed Assets	0		0		0		0		0		13,907,623		0	
Total Assets	 	368,186 		 	70,057 		 	1,008,959 		 	2,221 		 	1,449,423 		 	13,907,623 		 	7,595,000 	

Liabilities
Accounts Payable	1,332		0		0		0		1,332		0		0	
Sales Tax Payable	5		0		0		0		5		0		0	
Accrued Expenses Payable	6,100		0		0		0		6,100		0		0	
Due To Other Funds	0		0		0		0		0		0		0	
Due To Others	0		0		0		0		0		0		0	
Revenue Bonds Payable--Long Term	0		0		0		0		0		0		7,595,000	
Total Liabilities	7,437		0		0		0		7,437		0		7,595,000	
Fund Equity & Other Credits Beginning Fund Balance	

95,609		

20,023		

619,104		

2,220		

736,957		

13,907,623		

0	
Net Change in Fund Balance	265,141		50,033		389,855		0		705,030		0		0	
Total Fund Equity & Other Credits	360,750		70,057		1,008,959		2,221		1,441,986		13,907,623		0	

Total Liabilities & Fund Equity	 	368,186	 	70,057	 	1,008,959	 	2,221	 	1,449,423	 	13,907,623	 	7,595,000 

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	68	68	0.00%	
Special Assessments						
Tax Roll	269,902	269,902	273,682	3,780	(1.40)%	
Off Roll	128,587	128,587	128,587	0	0.00%	
Other Miscellaneous Revenues						
Miscellaneous Income	0		0		210		210		0.00%	
Total Revenues	398,489		398,489		402,547		4,058		(1.02)%	

Expenditures
Financial & Administrative
District Management	20,721	8,634	8,634	0	58.33%	
Administrative Services	4,500	1,875	1,875	0	58.33%	
District Engineer	7,500	3,125	4,595	(1,470)	38.73%	
Disclosure Report	5,000	0	0	0	100.00%	
Trustees Fees	3,500	2,625	2,395	230	31.58%	
Financial Consulting Services	8,600	6,500	6,500	0	24.41%	
Accounting Services	11,500	4,792	4,792	0	58.33%	
Auditing Services	3,300	0	500	(500)	84.84%	
Arbitrage Rebate Calculation	650	650	0	650	100.00%	
Public Officials Liability Insurance	2,200	2,200	1,850	350	15.90%	
Legal Advertising	750	313	0	313	100.00%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Fees & Maintenance	720	300	300	0	58.33%	
Legal Counsel						
District Counsel	15,000	6,250	2,119	4,131	85.87%	
Security Operations						
Security Camera Maintenance	2,500	1,042	975	67	61.00%	
Guard & Gate Facility Maintenance	4,800	2,000	0	2,000	100.00%	
Security Monitoring Services	10,000	4,167	3,900	267	61.00%	
Electric Utility Services						
Utility Services	8,500	3,542	3,421	121	59.75%	
Street Lights	61,200	25,500	20,910	4,590	65.83%	
Stormwater Control						
Fountain Service Repairs & Maintenance	2,500	1,042	240	802	90.40%	
Lake/Pond Bank Maintenance	15,000	6,250	4,150	2,100	72.33%	
Aquatic Maintenance	12,408	5,170	6,730	(1,560)	45.76%	
Mitigation Area Monitoring & Maintenance	14,800	6,167	8,655	(2,488)	41.52%	

Aquatic Plant Replacement	5,000	2,083	0	2,083	100.00%
Other Physical Environment		
General Liability Insurance	2,600	2,600	2,250	350	13.46%	
Property Insurance	2,000	2,000	1,434	566	28.30%	
Landscape Maintenance	132,015	55,006	41,451	13,555	68.60%	
Irrigation Repairs	5,000	2,083	278	1,805	94.44%	
Landscape Replacement Plants, Shrubs, Trees	10,000	4,167	700	3,467	93.00%	
Road & Street Facilities
Gate Phone	1,650	688	655	33	60.30%
Parks & Recreation
Wildlife Management Services	14,400	6,000	6,000	0	58.33% Contingency
Miscellaneous Contingency	10,000		4,167		1,923		2,244		80.77%	
Total Expenditures	398,489		171,110		137,406		33,703		65.52%	

Excess of Revenues Over (Under) Expenditures	
0		
227,379		
265,141		
37,762		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
227,379		
265,141		
37,762		
0.00%	

Fund Balance, Beginning of Period										
	0		0		95,609		95,609		0.00%	
Fund Balance, End of Period	 	0 		 	227,379 		 	360,750 		 	133,371 		 	0.00%	

Tax Roll	50,000		50,000		0		0.00%	
Total Revenues	50,000		50,033		33		0.07%	

Expenditures
Contingency								
Capital Reserve	50,000		0		50,000		100.00%	
Total Expenditures	50,000		0		50,000		100.00%	

Excess of Revenues Over/(Under) Expenditures	
0		
50,033		
50,033		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
50,033		
50,033		
0.00%	

Fund Balance, Beginning of Period								
	0		20,023		20,023		0.00%	
Fund Balance, End of Period	 	0 		 	70,057 		 	70,057 		 	0.00%	

Tax Roll	428,355		428,355		(0)		0.00%	
Off Roll	172,182		172,182		0		0.00%	
Total Revenues	600,537		600,616		79		0.01%	

Expenditures								
Debt Service								
Interest	420,537		210,761		209,776		49.88%	
Principal	180,000		0		180,000		100.00%	
Total Expenditures	600,537		210,761		389,776		64.90%	

Excess of Revenues Over/(Under) Expenditures	
0		
389,855		
389,855		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
389,855		
389,855		
0.00%	

Fund Balance, Beginning of Period								
	0		619,104		619,104		0.00%	
Fund Balance, End of Period	 	0 		 	1,008,959 		 	1,008,959 		 	0.00%	

Total Revenues	0		0		0		0.00%	

Excess of Revenues Over/(Under) Expenditures	
0		
0		
0		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
0		
0		
0.00%	

Fund Balance, Beginning of Period								
	0		2,220		2,220		0.00%	
Fund Balance, End of Period	 	0 		 	2,221 		 	2,221 		 	0.00%	

	Cordoba Ranch CDD		
	Investment Summary		
	February 29, 2016		
		
Balance as of	
Account	Investment	February 29, 2016	
The Bank of Tampa	Money Market Account	$	191,458	
	Total General Fund Investments	$	191,458	

The Bank of Tampa ICS Program:			
Bank of China, New York, NY	Money Market Account	$	70,057	
	Total Reserve Fund Investments	$	70,057	

US Bank Series 2006 Revenue	

US Bank Managed Money Market	

$	581,653	
US Bank Series 2006 Reserve	US Bank Managed Money Market	383,321	
	Total Debt Service Fund Investments	$	964,974	

US Bank Series 2006 Construction	

US Bank Managed Money Market	

$	2,221	
	Total Capital Project Fund Investments	  $	2,221 	

Summary A/R Ledger 001 - General Fund

Invoice Date		From 2/1/2016 Through 2/29/2016

Customer Name	Invoice Number		

Current Balance	

10/1/2015		
Tax Collector	FY15-16		
701.96	
10/15/2015		Standard Pacific of Florida	325-16-01		32,146.87	
1/28/2016		Cordoba POA	OMR0116-1		547.89	
		
Total 001 - General Fund		
33,396.72	

Summary A/R Ledger 200 - Debt Service Fund

Invoice Date		From 2/1/2016 Through 2/29/2016

Customer Name	Invoice Number		

Current Balance	

10/1/2015		
Tax Collector	FY15-16		
939.94	
10/15/2015		Standard Pacific of Florida	325-16-01		43,045.49	
		
Total 200 - Debt Service Fund		
43,985.43	

Report Balance	77,382.15

Summary A/P Ledger 001 - General Fund
From 2/1/2016 Through 2/29/2016

Invoice
Vendor Name	Date

Invoice Number	Invoice Description	Current Balance

 	 	 	 	

Stantec Consulting Services, Inc.	2/19/2016	1013254	Engineering Services 02/16	374.00
Straley & Robin	2/22/2016	13054	General/Monthly Legal Services 02/16	957.60

Total 001 - General Fund

1,331.60

Report Balance	1,331.60

Notes to Unaudited Financial Statements February 29, 2016

Balance Sheet

Trust statement activity has been recorded through 02/29/16.
See EMMA (Electronic Municipal Market Access) at http://www.emma.msrb.org for Municipal Disclosures and Market Data.
For presentation purposes, the Reserves are shown in a separate fund titled Reserve Fund.

Summary A/R Ledger – Payment Terms

Payment terms for landowner assessments are (a) defined in the FY15-16 Assessment Resolution adopted by the Board of Supervisors, (b) pursuant to Florida Statutes, Chapter 197 for assessments levied via the county tax roll.