Cordoba Ranch Community Development District

Financial Statements (Unaudited)

May 31, 2016

Prepared by
Rizzetta & Company, Inc. District Manager

Cordoba Ranch Community Development District
Balance Sheet As of 5/31/2016
(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	74,210		0		0		0		74,210		0		0	
Investments	191,554		0		618,315		2,221		812,090		0		0	
Investments--Reserves	0		70,092		0		0		70,092		0		0	
Accounts Receivable	0		0		0		0		0		0		0	
Prepaid Expenses	2,424		0		0		0		2,424		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		618,315	
Amount To Be Provided Debt Service	0		0		0		0		0		0		6,796,685	
Fixed Assets	0		0		0		0		0		13,907,623		0	
Total Assets	 	279,519 		 	70,092 		 	618,315 		 	2,221 		 	970,147 		 	13,907,623 		 	7,415,000 	

Liabilities
Accounts Payable	9,235		0		0		0		9,235		0		0	
Sales Tax Payable	8		0		0		0		8		0		0	
Accrued Expenses Payable	2,825		0		0		0		2,825		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		7,415,000	
Total Liabilities	12,068		0		0		0		12,068		0		7,415,000	
Fund Equity & Other Credits Beginning Fund Balance	

94,479		

20,023		

619,104		

2,220		

735,827		

13,907,623		

0	
Net Change in Fund Balance	172,971		50,069		(789)		1		222,252		0		0	
Total Fund Equity & Other Credits	267,450		70,092		618,315		2,221		958,078		13,907,623		0	

Total Liabilities & Fund Equity	 	279,519	 	70,092	 	618,315	 	2,221	 	970,147	 	13,907,623	 	7,415,000 

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	164	164	0.00%	
Special Assessments						
Tax Roll	269,902	269,902	287,551	17,649	(6.53)%	
Off Roll	128,587	128,587	128,587	0	0.00%	
Other Miscellaneous Revenues						
Miscellaneous Income	0		0		350		350		0.00%	
Total Revenues	398,489		398,489		416,653		18,164		(4.56)%	

Expenditures
Financial & Administrative
District Management	20,721	13,814	13,814	0	33.33%	
Administrative Services	4,500	3,000	3,000	0	33.33%	
District Engineer	7,500	5,000	6,621	(1,621)	11.72%	
Disclosure Report	5,000	5,000	5,000	0	0.00%	
Trustees Fees	3,500	2,625	3,203	(578)	8.49%	
Financial Consulting Services	8,600	7,400	7,400	0	13.95%	
Accounting Services	11,500	7,667	7,667	0	33.33%	
Auditing Services	3,300	0	500	(500)	84.84%	
Arbitrage Rebate Calculation	650	650	1,800	(1,150)	(176.92)%	
Public Officials Liability Insurance	2,200	2,200	1,850	350	15.90%	
Legal Advertising	750	500	95	405	87.37%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Fees & Maintenance	720	480	490	(10)	31.94%	
Legal Counsel						
District Counsel	15,000	10,000	4,181	5,819	72.12%	
Security Operations						
Security Camera Maintenance	2,500	1,667	1,575	92	37.00%	
Guard & Gate Facility Maintenance	4,800	3,200	1,118	2,083	76.71%	
Security Monitoring Services	10,000	6,667	7,605	(938)	23.95%	
Electric Utility Services						
Utility Services	8,500	5,667	5,701	(35)	32.92%	
Street Lights	61,200	40,800	38,759	2,041	36.66%	
Stormwater Control						
Fountain Service Repairs & Maintenance	2,500	1,667	720	947	71.20%	
Lake/Pond Bank Maintenance	15,000	10,000	8,850	1,150	41.00%	
Aquatic Maintenance	12,408	8,272	9,832	(1,560)	20.76%	
Mitigation Area Monitoring & Maintenance	14,800	9,867	11,205	(1,338)	24.29%	
Aquatic Plant Replacement	5,000	3,333	840	2,493	83.20%	

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	88,010	68,518	19,492	48.09%	
Irrigation Repairs	5,000	3,333	508	2,825	89.84%	
Field Services	0	0	2,000	(2,000)	0.00%	
Landscape Replacement Plants, Shrubs, Trees	10,000	6,667	14,402	(7,735)	(44.02)%	
Road & Street Facilities						
Gate Phone	1,650	1,100	1,195	(95)	27.58%	
Parks & Recreation
Wildlife Management Services	14,400	9,600	9,600	0	33.33% Contingency
Miscellaneous Contingency	10,000		6,667		1,775		4,891		82.24%	
Total Expenditures	398,489		269,626		243,682		25,944		38.85%	

Excess of Revenues Over (Under) Expenditures	
0		
128,863		
172,971		
44,108		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
128,863		
172,971		
44,108		
0.00%	

Fund Balance, Beginning of Period										
	0		0		94,479		94,479		0.00%	
Fund Balance, End of Period	 	0 		 	128,863 		 	267,450 		 	138,587 		 	0.00%	

Tax Roll	50,000		50,000		0		0.00%	
Total Revenues	50,000		50,069		69		0.14%	

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		
50,069		
50,069		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
50,069		
50,069		
0.00%	

Fund Balance, Beginning of Period								
	0		20,023		20,023		0.00%	
Fund Balance, End of Period	 	0 		 	70,092 		 	70,092 		 	0.00%	

Tax Roll	428,355		428,355		(0)		0.00%	
Off Roll	172,182		172,182		0		0.00%	
Total Revenues	600,537		600,734		197		0.03%	

Expenditures								
Debt Service								
Interest	420,537		421,523		(985)		(0.23)%	
Principal	180,000		180,000		0		0.00%	
Total Expenditures	600,537		601,523		(985)		(0.16)%	

Excess of Revenues Over/(Under) Expenditures	
0		
(789)		
(789)		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(789)		
(789)		
0.00%	

Fund Balance, Beginning of Period								
	0		619,104		619,104		0.00%	
Fund Balance, End of Period	 	0 		 	618,315 		 	618,315 		 	0.00%	

Interest Earnings	0		1		1		0.00%	
Total Revenues	0		1		1		0.00%	

Excess of Revenues Over/(Under) Expenditures	
0		
1		
1		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
1		
1		
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		
	May 31, 2016		
		
Balance as of	
Account	Investment	May 31, 2016	
The Bank of Tampa	Money Market Account	$	191,554	
	Total General Fund Investments	$	191,554	

The Bank of Tampa ICS Program:			
The Washington Trust Company of Westerly	Money Market Account	$	70,092	
	Total Reserve Fund Investments	$	70,092	

US Bank Series 2006 Revenue	

US Bank Managed Money Market	

$	234,947	
US Bank Series 2006 Reserve	US Bank Managed Money Market	383,368	
	Total Debt Service Fund Investments	$	618,315	

US Bank Series 2006 Construction	

US Bank Managed Money Market	

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

Summary A/P Ledger 001 - General Fund
From 5/1/2016 Through 5/31/2016

Vendor Name		Invoice Date		
Invoice Number		
Invoice Description		
Current Balance	

ABC 1-2-TREE, INC.		
5/18/2016		
051816		
Oak Cleanup - Newcastle Field Drive		
1,250.00	
ABC 1-2-TREE, INC.		5/19/2016		051916		Debris Cleanup - Newcastle Field Drive		350.00	
Envera Systems		5/31/2016		5859		Installation of WOR Reader		1,117.50	
Frontier Communications		5/22/2016		050213-5 06/16		Acct# 050213-5 05/16		134.99	
Straley & Robin		5/20/2016		13290		General/Monthly Legal Services 05/16		883.50	
Tampa Electric Company		5/24/2016		Summary 05/16		Electric Summary 05/16		5,451.35	
Times Publishing Company		5/20/2016		108565 05/20/16		108565 Legal Advertising 05/20/16		47.86	
						
Total 001 - General Fund		
9,235.20	

Report Balance								
9,235.20	

Notes to Unaudited Financial Statements May 31, 2016

Balance Sheet

Trust statement activity has been recorded through 05/31/16.
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.