Cordoba Ranch Community Development District

Financial Statements (Unaudited)

November 30, 2015

Prepared by
Rizzetta & Company, Inc. District Manager

Cordoba Ranch Community Development District
Balance Sheet As of 11/30/2015 (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	47,284		0		0		0		47,284		0		0	
Investments	21,391		0		416,958		2,220		440,570		0		0	
Investments-Reserves	0		20,030		0		0		20,030		0		0	
Accounts Receivable	387,263		50,000		585,506		0		1,022,769		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		6,442		0		6,442		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		1,008,906	
Amount To Be Provided Debt Service	0		0		0		0		0		0		6,586,094	
Fixed Assets	0		0		0		0		0		13,907,623		0	
Total Assets	 	467,268 		 	70,030 		 	1,008,906 		 	2,220 		 	1,548,424 		 	13,907,623 		 	7,595,000 	

Liabilities
Accounts Payable	20,147		0		0		0		20,147		0		0	
Sales Tax Payable	10		0		0		0		10		0		0	
Accrued Expenses Payable	4,546		0		0		0		4,546		0		0	
Due To Other Funds	6,442		0		0		0		6,442		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	31,145		0		0		0		31,145		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	340,514		50,007		389,802		0		780,323		0		0	
Total Fund Equity & Other Credits	436,123		70,030		1,008,906		2,220		1,517,279		13,907,623		0	

Total Liabilities & Fund Equity	 	467,268	 	70,030	 	1,008,906	 	2,220	 	1,548,424	 	13,907,623	 	7,595,000 

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	2	2	0.00%	
Special Assessments						
Tax Roll	269,902	269,902	273,644	3,742	(1.38)%	
Off Roll	128,587	128,587	128,587	0	0.00%	
Other Miscellaneous Revenues						
Miscellaneous Income	0		0		140		140		0.00%	
Total Revenues	398,489		398,489		402,373		3,884		(0.97)%	

Expenditures
Financial & Administrative
District Management	20,721	3,454	3,454	0	83.33%	
Administrative Services	4,500	750	750	0	83.33%	
District Engineer	7,500	1,250	2,303	(1,053)	69.29%	
Disclosure Report	5,000	0	0	0	100.00%	
Trustees Fees	3,500	2,625	559	2,066	84.04%	
Financial Consulting Services	8,600	5,600	5,600	0	34.88%	
Accounting Services	11,500	1,917	1,917	0	83.33%	
Auditing Services	3,300	0	0	0	100.00%	
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	125	0	125	100.00%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Fees & Maintenance	720	120	120	0	83.33%	
Legal Counsel						
District Counsel	15,000	2,500	748	1,752	95.01%	
Security Operations						
Security Camera Maintenance	2,500	417	375	42	85.00%	
Guard & Gate Facility Maintenance	4,800	800	0	800	100.00%	
Security Monitoring Services	10,000	1,667	1,575	92	84.25%	
Electric Utility Services						
Utility Services	8,500	1,417	1,202	214	85.85%	
Street Lights	61,200	10,200	7,388	2,812	87.92%	
Stormwater Control						
Fountain Service Repairs & Maintenance	2,500	417	240	177	90.40%	
Lake/Pond Bank Maintenance	15,000	2,500	3,250	(750)	78.33%	
Aquatic Maintenance	12,408	2,068	2,068	0	83.33%	
Mitigation Area Monitoring & Maintenance	14,800	2,467	4,625	(2,158)	68.75%	

Aquatic Plant Replacement	5,000	833	0	833	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	22,003	16,465	5,538	87.52%	
Irrigation Repairs	5,000	833	100	733	98.00%	
Landscape Replacement Plants, Shrubs, Trees	10,000	1,667	0	1,667	100.00%	
Road & Street Facilities
Gate Phone	1,650	275	250	25	84.84%
Parks & Recreation
Wildlife Management Services	14,400	2,400	2,400	0	83.33% Contingency
Miscellaneous Contingency	10,000		1,667		763		904		92.37%	
Total Expenditures	398,489		77,594		61,859		15,735		84.48%	

Excess of Revenues Over (Under) Expenditures	
0		
320,895		
340,514		
19,619		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
320,895		
340,514		
19,619		
0.00%	

Fund Balance, Beginning of Period										
	0		0		95,609		95,609		0.00%	
Fund Balance, End of Period	 	0 		 	320,895 		 	436,123 		 	115,228 		 	0.00%	

Tax Roll	50,000		50,000		0		0.00%	
Total Revenues	50,000		50,007		7		0.01%	

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		
50,007		
50,007		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
50,007		
50,007		
0.00%	

Fund Balance, Beginning of Period								
	0		20,023		20,023		0.00%	
Fund Balance, End of Period	 	0 		 	70,030 		 	70,030 		 	0.00%	

Tax Roll	428,355		428,355		(0)		0.00%	
Off Roll	172,182		172,182		0		0.00%	
Total Revenues	600,537		600,563		26		0.00%	

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		
389,802		
389,802		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
389,802		
389,802		
0.00%	

Fund Balance, Beginning of Period								
	0		619,104		619,104		0.00%	
Fund Balance, End of Period	 	0 		 	1,008,906 		 	1,008,906 		 	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 		 	2,220 		 	2,220 		 	0.00%	

	Cordoba Ranch CDD
Investment Summary		
	November 30, 2015		

Account	

Investment	
Balance as of November 30, 2015	
The Bank of Tampa	Money Market Account	$	21,391	
	Total General Fund Investments	$	21,391	

The Bank of Tampa ICS Program:			
Customers Bank	Money Market Account	$	20,030	
	Total Reserve Fund Investments	$	20,030	

US Bank Series 2006 Revenue	

US Bank Managed Money Market	

$	33,665	
US Bank Series 2006 Reserve	US Bank Managed Money Market	383,293	
	Total Debt Service Fund Investments	$	416,958	

US Bank Series 2006 Construction	

US Bank Managed Money Market	

$	2,220	
	Total Capital Project Fund Investments	  $	2,220 	

10/15/2015	Standard Pacific of Florida	325-16-01	128,587.48

Total 001 - General Fund

387,262.89

Summary A/R Ledger 005 - Reserve Fund
From 11/1/2015 Through 11/30/2015

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2015	Tax Collector	FY15-16	50,000.00

Total 005 - Reserve Fund

50,000.00

Summary A/R Ledger 200 - Debt Service Fund

Invoice Date		From 11/1/2015

Customer Name	Through 11/30/2015

Invoice Number		

Current Balance	

10/1/2015		
Tax Collector	
FY15-16		
413,324.44	
10/15/2015		Standard Pacific of Florida	325-16-01		172,181.96	
			
Total 200 - Debt Service Fund		
585,506.40	

Report Balance	1,022,769.29

Summary A/P Ledger 001 - General Fund
From 11/1/2015 Through 11/30/2015

Vendor Name		Invoice Date		
Invoice Number		
Invoice Description		
Current Balance	

Aquagenix		
11/1/2015		
1259962		
Aquatic Service 11/15		
1,034.00	
Aquagenix		11/1/2015		1259973		Quarterly Maintenance 11/15		240.00	
Aquagenix		11/1/2015		1259979		Littorel Maintenance 11/15		900.00	
Armstrong Environmental Services, Inc.		11/7/2015		10894		Lake/Wetland Services 10/15		850.00	
Jerry Richardson		11/30/2015		113015		Monthly Hog Removal Services 11/15		1,200.00	
Stantec Consulting Services, Inc.		9/23/2015		957824		Engineering Services 09/15		1,437.00	
Stantec Consulting Services, Inc.		11/13/2015		976976		Engineering Services 11/15		1,066.00	
Straley & Robin		11/24/2015		12781		General/Monthly Legal Services 11/15		109.35	
Tampa Electric Company		11/23/2015		Summary 11/15		Electric Summary 11/15		5,228.45	
ValleyCrest Landscape Maintenance		11/10/2015		4899940		Grounds Maintenance 11/15		7,962.25	
VGlobalTech		10/14/2015		1001-15-2		Website Fees & Maintenance 10/15		60.00	
VGlobalTech		11/14/2015		1101-15-2		Website Fees & Maintenance 11/15		60.00	
						
Total 001 - General Fund		
20,147.05	

Report Balance								
20,147.05	

Notes to Unaudited Financial Statements November 30, 2015

Balance Sheet

Trust statement activity has been recorded through 11/30/15.
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.

Summary A/R Ledger – Subsequent Collections

General Fund – Payment for Invoice FY15-16 in the amount of $37,729.39 was received in December 2015.
General Fund – Payment for Invoice 325-16-01 in the amount of $64,293.74 was received in December 2015.
Reserve Fund – Payment for Invoice FY15-16 in the amount of $20,000.00 was received in December 2015.
Debt Service Fund – Payment for Invoice FY15-16 in the amount of $77,301.16 was received in December 2015.
Debt Service Fund – Payment for Invoice 325-16-01 in the amount of $86,090.98 was received in December 2015.