Viera East
Community Development District

Unaudited Financial Reporting
May 31, 2020

TABLE OF CONTENTS

1 	Balance Sheet 

2-4 	General Fund Income Statement 

 	Capital Reserve Income Statement

 	Capital Reserve Check Register 

 	Debt Service Income Statement 

8-11 	Golf Course Income Statement 

12-13 	Month by Month- General Fund 

14-16 	Month by Month- Golf Course 

 	Month by Month- Proshop 

 	Long Term Debt Report 

 	FY2019 Tax Receipt Schedule 
	Viera East
Community Development District
Combined Balance Sheet			
	May 31, 2020			
	Governmental Fund Types			
	
General	Capital Reserve	Debt Service	 Golf Course/Recreation 	Totals
   (memorandum only) 	
Assets				
Operating Account	$649,849	$6,642	----	$224,773	$881,265	
Accounts Receivable	----	----	----	$1,308	$1,308	
Rent Receivable	----	----	----	$1,366	$1,366	
Due From Golf Course	$79,649	----	----	----	$79,649	
Due From General Fund	----	----	$174,914	$95,464	$270,377	
Due From Capital Reserve	----	----	----	$837	$837	
Due from Debt Service	$17,262	----	----	$44,743	$62,006	
Due from Other	----	----	----	$2,678	$2,678	
Due from Capital Projects	----	----	----	$26,181	$26,181	
Inventory - Pro Shop	----	----	----	$110,323	$110,323	
Investments:				
State Board	----	$234,575	----	----	$234,575	
Benefit Assessment- Series 2012	----	----	----	$4,085	$4,085	
Reserve - Series 2012	----	----	----	$280,141	$280,141	
Bond Service 2006	----	----	$334,268	----	$334,268	
Improvements (Net of Depreciation)	----	----	----	$1,189,988	$1,189,988	
Prepaid Expenses- Debt	----	----	----	$136,667	$136,667	
Prepaid Expenses- Operations	$6,407	----	----	$72,024	$78,431	
Total Assets	$753,167	$241,218	$509,182	$2,190,578	$3,694,144	
Liabilities				
Accounts Payable	$3,560	----	----	$9,619	$13,179	
Accrued Expenses	$16,264	----	----	$1,098	$17,362	
Deferred Revenue- Season Advance	----	----	----	$102,567	$102,567	
Deferred Revenue- Special Assessments O&M	----	----	----	$7,509	$7,509	
Deferred Revenue- Special Assessments Debt	----	----	----	$166,934	$166,934	
Deposit-Divots Grill	----	----	----	$2,000	$2,000	
Due to General Fund	----	----	$17,262	$79,649	$96,911	
Accrued Interest Payable	----	----	----	$19,242	$19,242	
Sales Tax Payable	----	----	----	$11,418	$11,418	
Event Deposits	----	----	----	($4,629)	($4,629)	
Due to Golf Course	$95,464	$837	$44,743	----	$141,044	
Due to Debt Service	$174,914	----	----	----	$174,914	
Accrued Payroll Payable	$4,518	----	----	$9,670	$14,188	
Bonds Payable - Series 2012	----	----	----	$3,305,000	$3,305,000	
Bond Discount	----	----	----	($18,220)	($18,220)	
Deferred Loss	----	----	----	($187,085)	($187,085)	
Fund Equity				
Net Assets	----	----	----	($1,314,194)	($1,314,194)	
Fund Balances				
Assigned - First Quarter	$176,000	----	----	----	$176,000	
Nonspendable - Prepaid Expense	$6,407	----	----	----	$6,407	
Unassigned	$276,042	----	----	----	$276,042	
Assigned- Capital Reserve Fund	----	$240,381	----	----	$240,381	
Restricted for Debt Service	----	----	$447,176	----	$447,176	
Total Liabilities, Fund Equity, Other	$753,167	$241,218	$509,182	$2,190,578	$3,694,144	

Page 1
Revenues					
Maintenance Assessments	$808,157	$808,157	$808,157	$1	
Golf Course Administrative Services	$56,280	$37,520	$37,520	$0	
Interest Income	$100	$67	$5	($62)	
Total Revenues	$864,536	$845,743	$845,682	($61)	

Administrative Expenditures					
Supervisors Fees	$30,496	$20,331	$13,407	$6,924	
Engineering Fees	$5,000	$3,333	$3,985	($652)	
Attorney's Fees	$5,000	$3,333	$5,854	($2,521)	
Dissemination	$1,000	$667	$667	$0	
Trustee Fees	$5,600	$3,733	$3,733	($0)	
Annual Audit	$6,500	$4,333	$4,333	($0)	
Collection Agent	$2,500	$1,667	$1,667	$0	
Management Fees	$100,440	$66,960	$66,960	$0	
Postage	$1,500	$1,000	$2,081	($1,081)	
Printing & Binding	$2,500	$1,667	$799	$867	
Insurance- Liability	$7,293	$4,862	$4,531	$331	
Legal Advertising	$2,500	$1,667	$0	$1,667	
Other Current Charges	$1,500	$1,000	$443	$557	
Office Supplies	$3,000	$2,000	$265	$1,735	
Dues & Licenses	$175	$117	$117	($0)	
Information Technology	$3,400	$2,267	$2,267	$0	
Total Administrative	$178,404	$118,936	$111,108	$7,828	

Page 2
Operating Expenditures					
Salaries	$141,817	$94,545	$95,601	($1,056)	
Administrative Fee	$1,566	$1,044	$1,080	($36)	
FICA Expense	$10,849	$7,233	$6,735	$498	
Employee Insurance	$8,551	$5,701	$10,273	($4,572)	
Workers Compensation	$2,780	$1,853	$2,611	($758)	
Unemployment	$853	$569	$840	($271)	
Other Contractual	$7,000	$4,667	$5,610	($943)	
Training	$500	$333	$0	$333	
Uniforms	$500	$333	$0	$333	
Total Operating	$174,416	$116,277	$122,749	($6,472)	

Maintenance Expenditures					
Canal Maintenance	$14,000	$9,333	$0	$9,333	
Lake Bank Restoration	$60,000	$55,950	$55,950	$0	
Environmental Services	$20,000	$13,333	$4,210	$9,123	
Water Management System	$99,000	$66,000	$66,269	($269)	
Control Burns	$15,000	$10,000	$0	$10,000	
Contingencies	$5,000	$3,333	$985	$2,348	
Fire Line Maintenance	$5,000	$3,333	$1,275	$2,058	
Basin Repair	$4,000	$2,667	$1,585	$1,082	
Total Maintenance	$222,000	$163,950	$130,274	$33,676	

Page 3

Grounds Maintenance Expenditures					
Salaries	$154,278	$102,852	$92,945	$9,907	
Administrative Fees	$3,695	$2,463	$2,398	$66	
FICA	$11,802	$7,868	$6,915	$953	
Health Insurance	$16,867	$11,245	$10,821	$424	
Workers Compensation	$3,024	$2,016	$2,538	($522)	
Unemployment	$2,120	$1,413	$1,860	($447)	
Telephone	$5,000	$3,333	$3,569	($236)	
Utilities	$5,000	$3,333	$4,353	($1,019)	
Property Appraiser	$1,990	$1,990	$1,988	$3	
Insurance	$1,395	$930	$1,008	($78)	
Repairs	$12,000	$8,000	$21,332	($13,332)	
Fuel	$7,500	$5,000	$8,919	($3,919)	
Park Maintenance	$3,000	$2,000	$505	$1,495	
Sidewalk Maintenance	$5,000	$5,000	$11,118	($6,118)	
Chemicals	$5,000	$3,333	$2,505	$828	
Contingencies	$5,000	$3,333	$735	$2,598	
Refuse	$8,000	$5,333	$4,386	$947	
Office Supplies	$750	$500	$176	$324	
Uniforms	$3,000	$2,000	$1,679	$321	
Fire Alarm System	$4,000	$2,667	$1,364	$1,303	
Rain Bird Pump System	$27,576	$18,384	$18,388	($4)	
Maintenance Reserve - Transfer Out	$3,719	$2,479	$2,479	($0)	
Maintenance Reserve - Transfer Out (Excess)	$0	$0	$0	$0	
Total Grounds Maintenance	$289,716	$195,474	$201,983	($6,509)	
					
Total Expenditures	$864,536	$594,637	$566,115	$28,523	
					
Excess Revenue/(Expenditures)	$0		$279,567		
					
Beginning Fund Balance	$0		$178,881		
					
Ending Fund Balance	$0		$458,448		

Page 4
Capital Reserve Fund Statement of Revenues & Expenditures
For Period Ending May 31, 2020

	Adopted
Budget	Prorated Budget
5/31/20	Actual
5/31/20	
Variance	
Revenues					

Interest Income	
$2,500	
$1,667	
$2,858	
$1,191	
Reserve Funding - Transfer In (General)	$3,719	$2,479	$2,479	$0	
Reserve Funding - Transfer In (Golf)	$7,940	$5,293	$13,129	$7,836	
Reserve Funding - Transfer In (General Excess)	$0	$0	$0	$0	
Total Revenues	$14,159	$9,439	$18,465	$9,026	

Expenditures					
Capital Outlay	$100,000	$100,000	$127,231	($27,231)	
Truck Maintenance	$25,000	$0	$0	$0	
Transfer Out	$0	$0	$0	$0	
Total Expenditures	$125,000	$100,000	$127,231	($27,231)	
					
Excess Revenues/(Expenditures)	($110,841)		($108,765)		
					
Beginning Fund Balance	$283,792		$349,146		
					
Ending Fund Balance	$172,950		$240,381		

Page 5
Viera East Community Development District
Capital Reserve Fund Capital Outlay Check Register Detail
For Period Ending May 31, 2020

Capital Outlay
FY2020

11/26/19	Shutts & Bowen LLP	Litigation Services	$	53,245.50	
11/27/19	Shutts & Bowen LLP	Litigation Services	$	35,152.53	
11/27/19	Fishkind Litigation Services	Market Stufy For VE	$	2,500.00	
11/30/19	Regions Bank	Wire Fee	$	15.00	
12/12/19	Leeland's Tree Service	Landscaping	$	5,025.00	
12/31/19	Regions Bank	Wire Fee	$	15.00	
1/23/20	Landscape Depot of Brevard Inc	Landscaping	$	836.78	
3/31/20	Regions Bank	Wire Fee	$	15.00	
4/9/20	Regions Bank	Wire Fee	$	15.00	
4/9/20	Shutts & Bowen LLP	Litigation Services	$	30,410.70	
Total	   $ 127,230.51 			

Page 6
Viera East
Community Development District
Debt Service Fund Statement of Revenues & Expenditures
For Period Ending May 31, 2020

	Adopted
Budget	Prorated Budget
5/31/20	Actual
5/31/20	
Variance	
Revenues					
Special Assessments	$2,376,297	$2,376,297	$2,376,297	$0	
Interest Income	$1,500	$1,000	$948	($52)	
Total Revenues	$2,377,797	$2,377,297	$2,377,245	($52)	

Expenditures					
Series 2006 Interest-11/1	
$184,719	
$184,719	
$184,719	
$0	
Interest-5/1	$184,719	$184,719	$184,719	$0	
Principal-5/1	$2,020,000	$2,020,000	$2,020,000	$0	
Total Expenditures	$2,389,438	$2,389,438	$2,389,438	$0	

Excess Revenues/(Expenditures)	($11,641)	($12,192)	
			
Beginning Fund Balance	$466,966	$459,368	
			
Ending Fund Balance	$455,326	$447,176	

Page 7

Adopted
Budget	
Actuals	Current Month
Budget	
Variance	
Actuals	Year-to-Date
Budget	
Variance	

Number of Rounds
Paid Rounds	
35,250	
3,278	
2,979	
299	
24,729	
25,955	
(1,226)	
Member Rounds	10,000	883	845	38	6,443	7,363	(920)	
Comp Rounds	3,000	590	254	337	2,542	2,209	333	
EZ Links	3,000	181	254	(73)	1,848	2,142	(294)	
GolfNow	2,000	292	169	123	1,986	1,473	513	
Total Memberships	60	5	-	5	61	60	1	
Revenue per Round								
Paid Rounds	$41	$30	$34	($4)	$38	$43	($4)	
Revenues								
Greens Fees/Cart Fees	$1,460,610	$99,426	$102,243	($2,817)	$950,227	$1,111,524	($161,297)	
Gift Cards - Sales	$25,000	$716	$1,750	($1,034)	$5,737	$19,025	($13,288)	
Gift Cards - Usage	($25,000)	($551)	($1,750)	$1,199	($10,185)	($19,025)	$8,840	
Season Advance/Trail Fees	$210,000	$17,803	$14,700	$3,103	$146,454	$159,810	($13,356)	
Associate Memberships	$42,000	$2,291	$2,940	($649)	$28,598	$31,962	($3,364)	
Driving Range	$80,000	$7,043	$5,600	$1,443	$51,700	$60,880	($9,180)	
Golf Lessons	$2,100	$175	$147	$28	$1,400	$1,598	($198)	
Merchandise Sales	$115,000	$8,607	$8,050	$557	$75,607	$87,515	($11,908)	
Restaurant	$20,000	$1,870	$1,400	$470	$18,710	$15,220	$3,490	
Special Assessments - Operations	$22,527	$1,877	$1,876	$1	$15,018	$15,012	$6	
Miscellaneous Income	$15,000	$1,280	$1,250	$31	$18,094	$9,996	$8,098	
Total Revenues	$1,967,237	$140,538	$138,206	$2,333	$1,301,360	$1,493,517	($192,158)	

Golf Course Expenditures								
Other Contractual Services	$15,000	$1,215	$1,250	$35	$10,125	$9,996	($129)	
Telephone/Internet	$5,500	$106	$458	$352	$2,175	$3,665	$1,490	
Postage	$1,500	$90	$125	$35	$6,291	$1,000	($5,292)	
Printing & Binding	$1,000	$0	$83	$83	$0	$666	$666	
Utilities	$5,000	$479	$417	($63)	$3,705	$3,332	($373)	
Repairs & Maintenance	$7,000	$0	$583	$583	$573	$4,665	$4,091	
Advertising	$45,000	$1,248	$3,749	$2,500	$20,758	$29,988	$9,230	
Bank Charges	$30,500	$3,099	$2,541	($558)	$25,714	$20,325	($5,389)	
Office Supplies	$4,000	$166	$333	$168	$2,338	$2,666	$328	
Operating Supplies	$5,000	$337	$417	$80	$2,383	$3,332	$949	
Dues, Licenses & Subscriptions	$8,000	$0	$666	$666	$5,629	$5,331	($298)	
Drug Testing - All Departments	$200	$0	$17	$17	$190	$133	($57)	
Training, Education & Employee Relations	$3,000	$359	$250	($109)	$2,995	$1,999	($996)	
Contractual Security	$3,000	$191	$250	$59	$1,210	$1,999	$789	
IT Services	$3,000	$0	$250	$250	$190	$1,999	$1,809	
Total Golf Course Expenditures	$136,700	$7,289	$11,387	$4,098	$84,277	$91,097	$6,819	

Page 8

Adopted
Budget	
Actuals	Current Month
Budget	
Variance	
Actuals	Year-to-Date
Budget	
Variance	

Restaurant Expenditures
Utilities	
$10,500	
$481	
$887	
$406	
$5,612	
$7,731	
$2,119	
Pest Control	$1,200	$95	$101	$6	$761	$884	$123	
Equipment Lease	$1,100	$98	$93	($5)	$782	$810	$28	
Total Restaurant Expenditures	$12,800	$674	$1,082	$408	$7,155	$9,425	$2,269	

Golf Operation Expenditures								
Salaries	$237,500	$19,098	$19,791	$693	$150,497	$158,327	$7,830	
Administrative Fee	$17,793	$1,760	$1,483	($277)	$13,569	$11,862	($1,707)	
FICA Expense	$18,781	$1,461	$1,565	$104	$11,501	$12,520	$1,019	
Health Insurance	$707	$0	$59	$59	$368	$471	$103	
Workers Compensation	$4,812	$522	$401	($121)	$4,150	$3,208	($942)	
Unemployment	$12,786	$993	$1,065	$72	$7,028	$8,524	$1,496	
Golf Printing	$2,200	$0	$183	$183	$1,206	$1,467	$261	
Utilities	$22,500	$1,337	$1,875	$538	$12,762	$15,000	$2,238	
Repairs	$250	$145	$21	($124)	$145	$167	$22	
Pest Control	$1,200	$95	$100	$5	$761	$800	$39	
Supplies	$8,000	$493	$667	$174	$10,811	$5,333	($5,477)	
Uniforms	$1,500	$883	$125	($758)	$2,745	$1,000	($1,745)	
Training, Education & Employee Relations	$2,000	$0	$167	$167	$260	$1,333	$1,073	
Fuel	$500	$0	$42	$42	$0	$333	$333	
Cart Lease	$90,753	$8,464	$7,563	($901)	$48,748	$60,502	$11,754	
Cart Maintenance	$4,000	$0	$333	$333	$3,482	$2,667	($815)	
Driving Range	$10,000	$0	$833	$833	$3,428	$6,667	$3,239	
Total Golf Operation Expenditures	$435,282	$35,250	$36,273	$1,022	$271,459	$290,180	$18,721	

Merchandise Sales								
Cost of Goods Sold	$77,000	$4,651	$6,417	$1,766	$48,671	$51,333	$2,662	
Total Merchandise Sales	$77,000	$4,651	$6,417	$1,766	$48,671	$51,333	$2,662	

Page 9

Adopted
Budget	
Actuals	Current Month
Budget	
Variance	
Actuals	Year-to-Date
Budget	
Variance	

Golf Course Maintenance
Salaries	
$470,000	
$36,402	
$39,167	
$2,764	
$283,168	
$313,333	
$30,165	
Administrative Fees	$11,867	$903	$989	$86	$7,312	$7,911	$599	
FICA Expense	$36,060	$2,736	$3,005	$269	$20,951	$24,040	$3,089	
Employee Insurance	$58,245	$4,318	$4,854	$536	$30,645	$38,830	$8,185	
Workers Compensation	$11,316	$992	$943	($49)	$7,673	$7,544	($129)	
Unemployment	$7,857	$189	$655	$465	$6,048	$5,238	($810)	
Drug Testing	$420	$0	$35	$35	$0	$280	$280	
Consulting Fees	$6,000	$500	$500	$0	$4,000	$4,000	$0	
Fire Alarm System	$4,000	$171	$333	$163	$1,409	$2,667	$1,258	
Telephone/Internet	$500	$0	$42	$42	$0	$333	$333	
Utilities/Water	$26,200	$2,241	$2,183	($57)	$17,208	$17,467	$259	
Repairs	$48,000	$4,311	$4,000	($311)	$25,649	$32,000	$6,351	
Fuel & Oil	$40,000	$1,856	$3,333	$1,477	$18,630	$26,667	$8,037	
Pest Control	$1,000	$77	$83	$6	$866	$667	($199)	
Irrigation/Drainage	$30,000	$1,485	$2,500	$1,015	$9,875	$20,000	$10,125	
Sand and Topsoil	$26,500	$1,282	$2,208	$927	$7,946	$17,667	$9,720	
Flower/Mulch	$7,000	$350	$583	$233	$8,527	$4,667	($3,860)	
Fertilizer	$139,000	$15,983	$11,583	($4,400)	$86,003	$92,667	$6,663	
Seed/Sod	$16,500	$1,244	$1,375	$131	$8,120	$11,000	$2,880	
Trash Removal	$2,000	$282	$167	($115)	$1,267	$1,333	$66	
Contingency	$6,000	$536	$500	($36)	$3,214	$4,000	$786	
First Aid	$600	$134	$50	($84)	$696	$400	($296)	
Office Supplies	$1,000	$44	$83	$40	$158	$667	$509	
Operating Supplies	$17,500	$929	$1,458	$529	$3,357	$11,667	$8,309	
Training	$500	$342	$42	($300)	$1,251	$333	($917)	
Janitorial Supplies	$1,500	$0	$125	$125	$30	$1,000	$970	
Soil & Water Testing	$1,000	$0	$83	$83	$0	$667	$667	
Uniforms	$8,500	$592	$708	$117	$5,452	$5,667	$214	
Equipment Rental	$2,500	$0	$208	$208	$0	$1,667	$1,667	
Equipment Lease	$163,000	$13,589	$13,583	($5)	$116,136	$108,667	($7,469)	
Small Tools	$500	$0	$42	$42	$0	$333	$333	
Total Golf Course Maintenance	$1,145,065	$91,486	$95,422	$3,936	$675,593	$763,377	$87,783	

Page 10

Adopted
Budget	
Actuals	Current Month
Budget	
Variance	
Actuals	Year-to-Date
Budget	
Variance	

Administrative Expenditures
Legal Fees	
$1,500	
$0	
$125	
$125	
$1,740	
$1,000	
($740)	
Arbitrage	$600	$20	$50	$30	$370	$400	$30	
Dissemination	$1,000	$83	$83	$0	$667	$667	$0	
Trustee Fees	$4,100	$342	$342	($0)	$2,733	$2,733	($0)	
Annual Audit	$1,500	$125	$125	$0	$1,000	$1,000	$0	
Golf Course Administrative Services	$56,280	$4,690	$4,690	$0	$37,520	$37,520	$0	
Insurance	$70,000	$5,501	$5,833	$333	$44,865	$46,667	$1,802	
Property Taxes	$10,000	$1,535	$833	($701)	$10,208	$6,667	($3,542)	
Total Administrative Expenditures	$144,980	$12,296	$12,082	($214)	$99,103	$96,653	($2,450)	

Renewal & Replacement	
$7,940	
$0	
$662	
$662	
$13,129	
$5,293	
($7,835)	
Operating Reserves	$0	$0	$0	$0	$0	$0	$0	
Total Reserves	$7,940	$0	$662	$662	$13,129	$5,293	($7,835)	
								
Total Revenues	$1,967,237	$140,538	$138,206	$2,333	$1,301,360	$1,493,517	($192,158)	
								
Total Expenditures	$1,959,767	$151,646	$163,323	$11,677	$1,199,389	$1,307,358	$107,969	
								
Operating Income (Loss)	$7,470	($11,108)	($25,118)	$14,010	$101,971	$186,159	($84,188)	
Non Operating Revenues/(Expenditures)								
Special Assessments	$558,355	$46,530	$46,530	$0	$372,236	$372,237	($0)	
Interest Income	$1,000	$5	$83	($78)	$244	$667	($423)	
Transfer In	$0	$0	$0	$0	$0	$0	$0	
Interest Expense	($156,825)	($13,069)	($13,069)	$0	($104,550)	($104,550)	$0	
Principal Expense	($410,000)	($34,167)	($34,167)	($0)	($273,333)	($273,333)	($0)	
Total Non Operating  Revenues/(Expenditures)	($7,470)	($701)	($623)	($78)	($5,403)	($4,980)	($423)	
								
Change in Net Assets	$0	($11,808)	($25,740)	$13,932	$96,568	$181,179	($84,611)	
								
Beginning Net Assets	$0	----	----	----	($1,410,762)	----	----	
								
Ending Net Assets	$0	----	----	----	($1,314,194)	----	----	

Page 11

	October	November	December	January	February	March	April	May	June		July		August		September	Total	
Revenues																	
Maintenance Assessments	$0	$382,898	$319,794	$19,283	$13,842	$7,030	$26,867	$38,442		$0		$0		$0	$0	$808,157	
Golf Course Administrative Services	$4,690	$4,690	$4,690	$4,690	$4,690	$4,690	$4,690	$4,690		$0		$0		$0	$0	$37,520	
Interest Income	$0	$0	$0	$0	$5	$0	$0	$0		$0		$0		$0	$0	$5	
Total Revenues	$4,690	$387,588	$324,484	$23,973	$18,537	$11,720	$31,557	$43,132		$0		$0		$0	$0	$845,682	

Administrative Expenditures																	
Supervisors Fees	$3,588	$920	$688	$1,387	$2,551	$2,551	$335	$1,387		$0		$0		$0	$0	$13,407	
Engineering Fees	$0	$480	$0	$0	$0	$1,875	$670	$960		$0		$0		$0	$0	$3,985	
Attorney's Fees	$2,404	$0	$0	$0	$0	$0	$229	$3,222		$0		$0		$0	$0	$5,854	
Dissemination	$83	$83	$83	$83	$83	$83	$83	$83		$0		$0		$0	$0	$667	
Trustee Fees	$467	$467	$467	$467	$467	$467	$467	$467		$0		$0		$0	$0	$3,733	
Annual Audit	$542	$542	$542	$542	$542	$542	$542	$542		$0		$0		$0	$0	$4,333	
Collection Agent	$208	$208	$208	$208	$208	$208	$208	$208		$0		$0		$0	$0	$1,667	
Management Fees	$8,370	$8,370	$8,370	$8,370	$8,370	$8,370	$8,370	$8,370		$0		$0		$0	$0	$66,960	
Postage	$265	$96	$389	$23	$367	$284	$396	$262		$0		$0		$0	$0	$2,081	
Printing & Binding	$82	$221	$342	$44	$44	$66	$0	$0		$0		$0		$0	$0	$799	
Insurance- Liability	$566	$566	$566	$566	$566	$566	$566	$566		$0		$0		$0	$0	$4,531	
Legal Advertising	$0	$0	$0	$0	$0	$0	$0	$0		$0		$0		$0	$0	$0	
Other Current Charges	$25	$79	$46	$23	$119	$23	$92	$36		$0		$0		$0	$0	$443	
Office Supplies	$21	$21	$41	$20	$21	$20	$0	$120		$0		$0		$0	$0	$265	
Dues & Licenses	$15	$15	$15	$15	$15	$15	$15	$15		$0		$0		$0	$0	$117	
Information Technology	$283	$283	$283	$283	$283	$283	$283	$283		$0		$0		$0	$0	$2,267	
Total Administrative	$16,919	$12,352	$12,041	$12,031	$13,636	$15,353	$12,256	$16,521		$0		$0		$0	$0	$111,108	

Operating Expenditures																	
Salaries	$12,066	$12,980	$10,870	$12,479	$10,196	$12,798	$11,862	$12,349		$0		$0		$0	$0	$95,601	
Administration Fee	$137	$146	$124	$142	$124	$137	$133	$137		$0		$0		$0	$0	$1,080	
FICA Expense	$903	$985	$719	$853	$746	$826	$812	$891		$0		$0		$0	$0	$6,735	
Health Insurance	$424	$872	$2,742	$1,310	$1,120	$1,281	$612	$1,912		$0		$0		$0	$0	$10,273	
Workers Compensation	$330	$354	$297	$341	$298	$330	$324	$337		$0		$0		$0	$0	$2,611	
Unemployment	$0	$0	$0	$546	$90	$100	$100	$4		$0		$0		$0	$0	$840	
Other Contractual	$667	$718	$667	$688	$688	$595	$716	$872		$0		$0		$0	$0	$5,610	
Training	$0	$0	$0	$0	$0	$0	$0	$0		$0		$0		$0	$0	$0	
Uniforms	$0	$0	$0	$0	$0	$0	$0	$0		$0		$0		$0	$0	$0	
Total Operating	$14,527	$16,055	$15,420	$16,360	$13,262	$16,068	$14,558	$16,501		$0		$0		$0	$0	$122,749	

Page 12

	October	November	December	January	February	March	April	May	June		July		August		September	Total	

Maintenance Expenditures																	
Canal Maintenance	$0	$0	$0	$0	$0	$0	$0	$0		$0		$0		$0	$0	$0	
Lake Bank Restoration	$0	$18,045	$0	$37,905	$0	$0	$0	$0		$0		$0		$0	$0	$55,950	
Environmental Services	$2,620	$320	$0	$0	$989	$0	$61	$220		$0		$0		$0	$0	$4,210	
Water Management System	$8,059	$8,087	$9,087	$8,087	$7,887	$9,287	$7,887	$7,887		$0		$0		$0	$0	$66,269	
Control Burns	$0	$0	$0	$0	$0	$0	$0	$0		$0		$0		$0	$0	$0	
Contingencies	$0	$0	$0	$985	$0	$0	$0	$0		$0		$0		$0	$0	$985	
Fire Line Maintenance	$0	$0	$0	$0	$0	$975	$0	$300		$0		$0		$0	$0	$1,275	
Basin Repair	$0	$0	$0	$0	$0	$1,585	$0	$0		$0		$0		$0	$0	$1,585	
Total Maintenance	$10,679	$26,452	$9,087	$46,977	$8,876	$11,847	$7,948	$8,407		$0		$0		$0	$0	$130,274	

Grounds Maintenance Expenditures																	
Salaries	$11,474	$12,005	$10,134	$11,946	$10,472	$11,861	$12,348	$12,706		$0		$0		$0	$0	$92,945	
Administrative Fees	$305	$324	$275	$314	$275	$305	$295	$305		$0		$0		$0	$0	$2,398	
FICA	$852	$901	$749	$885	$776	$879	$917	$957		$0		$0		$0	$0	$6,915	
Health Insurance	$1,100	$1,385	$1,463	$1,371	$1,227	$1,381	$1,245	$1,649		$0		$0		$0	$0	$10,821	
Workers Compensation	$314	$328	$277	$326	$286	$324	$337	$347		$0		$0		$0	$0	$2,538	
Unemployment	$22	$24	$20	$836	$450	$297	$160	$50		$0		$0		$0	$0	$1,860	
Telephone	$432	$535	$529	$519	$517	$519	$519	$0		$0		$0		$0	$0	$3,569	
Utilities	$628	$516	$525	$487	$487	$514	$655	$540		$0		$0		$0	$0	$4,353	
Property Appraiser	$0	$1,988	$0	$0	$0	$0	$0	$0		$0		$0		$0	$0	$1,988	
Insurance- Property	$126	$126	$126	$126	$126	$126	$126	$126		$0		$0		$0	$0	$1,008	
Repairs	$4,835	$3,733	$1,369	$688	$797	$9,031	$275	$604		$0		$0		$0	$0	$21,332	
Fuel	$1,159	$1,189	$1,495	$986	$1,065	$1,215	$952	$858		$0		$0		$0	$0	$8,919	
Park Maintenance	$0	$0	$0	$0	$0	$505	$0	$0		$0		$0		$0	$0	$505	
Sidewalk Repair	$0	$11,118	$0	$0	$0	$0	$0	$0		$0		$0		$0	$0	$11,118	
Chemicals	$435	$207	$0	$337	$529	$0	$998	$0		$0		$0		$0	$0	$2,505	
Contingencies	$0	$0	$0	$735	$0	$0	$0	$0		$0		$0		$0	$0	$735	
Refuse	$240	$0	$720	$786	$480	$960	$480	$720		$0		$0		$0	$0	$4,386	
Office Supplies	$0	$0	$0	$0	$0	$111	$54	$11		$0		$0		$0	$0	$176	
Uniforms	$232	$186	$232	$186	$196	$249	$199	$199		$0		$0		$0	$0	$1,679	
Fire Alarm System	$171	$171	$171	$171	$171	$171	$171	$171		$0		$0		$0	$0	$1,364	
Rain Bird Pump System	$2,298	$2,298	$2,298	$2,298	$2,298	$2,298	$2,299	$2,298		$0		$0		$0	$0	$18,388	
Maintenance Reserve- Transfer Out	$310	$310	$310	$310	$310	$310	$310	$310		$0		$0		$0	$0	$2,479	
Maintenance Reserve- Transfer Out (PY Excess)	$0	$0	$0	$0	$0	$0	$0	$0		$0		$0		$0	$0	$0	
Total Grounds Maintenance	$24,933	$37,343	$20,693	$23,306	$20,463	$31,055	$22,339	$21,851		$0		$0		$0	$0	$201,983	
																	
Total Expenditures	$67,057	$92,201	$57,241	$98,674	$56,237	$74,323	$57,101	$63,280		$0		$0		$0	$0	$566,115	
																	
Excess Revenue/(Expenditures)	($62,367)	$295,387	$267,244	($74,702)	($37,700)	($62,604)	($25,544)	($20,148)		$0		$0		$0	$0	$279,567	

Page 13

	October	November	December	January	February	March	April	May	June	July		August	September	Total	

Number of Rounds
Paid Rounds	

2,598	

2,813	

2,185	

3,054	

3,621	

4,235	

2,945	

3,278	

0		

0	

0	

0	

24,729	
Member Rounds	574	647	566	955	807	1,061	950	883	0		0	0	0	6,443	
Comp Rounds	192	259	187	380	316	366	252	590	0		0	0	0	2,542	
EZ Links	157	245	191	302	362	232	178	181	0		0	0	0	1,848	
GolfNow
Revenue per Round
Paid Rounds	105

$31	165

$38	147

$39	196

$44	324

$47	444

$40	313

$35	292

$30	0

$0		0

$0	0

$0	0

$0	1,986

$305	
Revenues:
Greens Fees	
$79,719	
$107,182	
$85,489	
$135,425	
$170,915	
$167,889	
$104,181	
$99,426	
$0		
$0	
$0	
$0	
$950,227.34	
Gift Cards - Sales	$294	$884	$1,732	$371	$893	$635	$213	$716	$0		$0	$0	$0	$5,737	
Gift Cards - Usage	($179)	($1,458)	($1,119)	($2,432)	($1,833)	($1,819)	($795)	($551)	$0		$0	$0	$0	($10,185)	
Season Advance/Trail Fees	$15,718	$16,380	$18,608	$19,936	$19,337	$20,130	$18,542	$17,803	$0		$0	$0	$0	$146,454	
Associate Memberships	$2,765	$3,397	$3,634	$8,216	$3,555	$2,607	$2,133	$2,291	$0		$0	$0	$0	$28,598	
Driving Range	$3,577	$4,961	$5,035	$7,698	$8,168	$7,006	$8,212	$7,043	$0		$0	$0	$0	$51,700	
Golf Lessons	$175	$175	$175	$175	$175	$175	$175	$175	$0		$0	$0	$0	$1,400	
Merchandise Sales	$6,479	$8,654	$10,744	$8,375	$12,097	$9,935	$10,715	$8,607	$0		$0	$0	$0	$75,607	
Restaurant	$1,237	$2,018	$2,617	$2,027	$3,507	$2,372	$3,061	$1,870	$0		$0	$0	$0	$18,710	
Special Assessments - Operations	$1,877	$1,877	$1,877	$1,877	$1,877	$1,877	$1,877	$1,877	$0		$0	$0	$0	$15,018	
Miscellaneous Income	$1,201	$2,083	$1,331	$2,330	$3,362	$4,524	$1,983	$1,280	$0		$0	$0	$0	$18,094	
Total Revenues	$112,863	$146,154	$130,124	$183,998	$222,053	$215,332	$150,298	$140,538	$0		$0	$0	$0	$1,301,360	

Golf Course Expenditures:
Other Contractual Services	

$2,147	

$1,180	

$812	

$1,403	

$782	

$1,590	

$996	

$1,215	

$0		

$0	

$0	

$0	

$10,125	
Telephone/Internet	$393	$289	$393	$393	$393	$104	$104	$106	$0		$0	$0	$0	$2,175	
Postage	$3,074	$3,080	$47	$0	$0	$0	$0	$90	$0		$0	$0	$0	$6,291	
Printing & Binding	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	
Utilities	$481	$483	$474	$517	$400	$358	$513	$479	$0		$0	$0	$0	$3,705	
Repairs & Maintenance	$117	$20	$287	$250	$0	$0	($100)	$0	$0		$0	$0	$0	$573	
Advertising	$1,989	$3,559	$4,503	$2,987	$2,444	$2,430	$1,598	$1,248	$0		$0	$0	$0	$20,758	
Bank Charges	$1,669	$2,301	$3,021	$2,653	$4,043	$4,545	$4,382	$3,099	$0		$0	$0	$0	$25,714	
Office Supplies	$221	$258	$314	$120	$242	$772	$245	$166	$0		$0	$0	$0	$2,338	
Operating Supplies	$224	$149	$177	$499	$149	$254	$593	$337	$0		$0	$0	$0	$2,383	
Dues, Licenses & Subscriptions	$150	$0	$150	$100	$4,729	$0	$500	$0	$0		$0	$0	$0	$5,629	
Drug Testing - All Departments	$142	$0	$0	$47	$0	$1	$0	$0	$0		$0	$0	$0	$190	
Training, Education & Employee Relations	$20	$165	$2,268	$165	$0	$0	$18	$359	$0		$0	$0	$0	$2,995	
Contractual Security	$0	$246	$0	$196	$196	$191	$191	$191	$0		$0	$0	$0	$1,210	
IT Services	$0	$0	$0	$0	$0	$190	$0	$0	$0		$0	$0	$0	$190	
Total Golf Course Expenditures	$10,628	$11,730	$12,445	$9,331	$13,379	$10,435	$9,041	$7,289	$0		$0	$0	$0	$84,277	

Restaurant Expenditures:															
Utilities	$775	$760	$701	$686	$836	$768	$605	$481	$0		$0	$0	$0	$5,612	
Pest Control	$95	$95	$95	$95	$95	$95	$95	$95	$0		$0	$0	$0	$761	
Equipment Lease	$98	$98	$98	$98	$98	$98	$98	$98	$0		$0	$0	$0	$782	
Total Restaurant Expenditures	$968	$953	$894	$879	$1,029	$961	$798	$674	$0		$0	$0	$0	$7,155	

Page 14

	October	November	December	January	February	March	April	May	June	July		August	September	Total	

Golf Operations:
Salaries	

$17,027	

$20,356	

$13,890	

$19,181	

$17,657	

$20,778	

$22,508	

$19,098	

$0		

$0	

$0	

$0	

$150,497	
Administrative Fee	$1,720	$1,918	$1,490	$1,754	$1,535	$1,744	$1,647	$1,760	$0		$0	$0	$0	$13,569	
FICA Expense	$1,290	$1,557	$1,063	$1,467	$1,351	$1,590	$1,722	$1,461	$0		$0	$0	$0	$11,501	
Health Insurance	$46	$54	$54	$54	$54	$54	$54	$0	$0		$0	$0	$0	$368	
Workers Compensation	$504	$556	$380	$524	$475	$576	$613	$522	$0		$0	$0	$0	$4,150	
Unemployment	$649	$675	$409	$1,264	$1,005	$1,036	$998	$993	$0		$0	$0	$0	$7,028	
Golf Printing	$0	$402	$402	$402	$0	$0	$0	$0	$0		$0	$0	$0	$1,206	
Utilities	$1,640	$1,645	$1,697	$1,436	$1,766	$1,623	$1,618	$1,337	$0		$0	$0	$0	$12,762	
Repairs	$0	$0	$0	$0	$0	$0	$0	$145	$0		$0	$0	$0	$145	
Pest Control	$95	$95	$95	$95	$95	$95	$95	$95	$0		$0	$0	$0	$761	
Supplies	$681	$751	$1,163	$1,689	$1,243	$1,183	$3,607	$493	$0		$0	$0	$0	$10,811	
Uniforms	$0	$0	$1,778	$0	$84	$0	$0	$883	$0		$0	$0	$0	$2,745	
Training, Education & Employee Relations	$0	$0	$260	$0	$0	$0	$0	$0	$0		$0	$0	$0	$260	
Fuel	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	
Cart Lease	$4,020	$3,978	$1,578	$6,961	$7,992	$7,528	$8,227	$8,464	$0		$0	$0	$0	$48,748	
Cart Maintenance	$1,709	$521	($546)	$1,392	$120	$287	$0	$0	$0		$0	$0	$0	$3,482	
Driving Range	$0	$0	$0	$3,174	$0	$0	$254	$0	$0		$0	$0	$0	$3,428	
Total Golf Operation Expenditures	$29,381	$32,508	$23,712	$39,394	$33,377	$36,493	$41,343	$35,250	$0		$0	$0	$0	$271,459	

Merchandise Sales:															
Cost of Goods Sold	$806	$6,230	$8,527	$7,960	$6,389	$5,813	$8,297	$4,651	$0		$0	$0	$0	$48,671	
Total Merchandise Sales	$806	$6,230	$8,527	$7,960	$6,389	$5,813	$8,297	$4,651	$0		$0	$0	$0	$48,671	

Golf Course Maintenance:
Salaries	

$34,970	

$38,528	

$32,514	

$37,480	

$32,323	

$36,167	

$34,784	

$36,402	

$0		

$0	

$0	

$0	

$283,168	
Administrative Fees	$940	$958	$815	$932	$815	$903	$1,046	$903	$0		$0	$0	$0	$7,312	
FICA Expense	$2,599	$2,910	$2,392	$2,776	$2,393	$2,678	$2,467	$2,736	$0		$0	$0	$0	$20,951	
Employee Insurance	$2,209	$4,974	$3,720	$3,672	$4,820	$3,750	$3,182	$4,318	$0		$0	$0	$0	$30,645	
Workers Compensation	$953	$1,048	$889	$1,022	$881	$986	$902	$992	$0		$0	$0	$0	$7,673	
Unemployment	$129	$178	$147	$2,488	$1,419	$1,035	$464	$189	$0		$0	$0	$0	$6,048	
Drug Testing	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	
Consulting Fees	$500	$500	$500	$500	$500	$500	$500	$500	$0		$0	$0	$0	$4,000	
Fire Alarm System	$171	$171	$216	$171	$171	$171	$171	$171	$0		$0	$0	$0	$1,409	
Telephone/Internet	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	
Utilities/Water	$2,440	$2,089	$2,043	$1,886	$1,916	$1,932	$2,661	$2,241	$0		$0	$0	$0	$17,208	
Repairs	$2,721	$3,896	$1,827	$3,449	$2,144	$3,382	$3,919	$4,311	$0		$0	$0	$0	$25,649	
Fuel & Oil	$2,353	$2,413	$3,036	$2,297	$2,275	$2,467	$1,931	$1,856	$0		$0	$0	$0	$18,630	
Pest Control	$327	$77	$77	$77	$77	$77	$77	$77	$0		$0	$0	$0	$866	
Irrigation/Drainage	$1,120	$1,140	$1,328	$1,540	$922	$1,554	$787	$1,485	$0		$0	$0	$0	$9,875	
Sand and Topsoil	$0	$353	$84	$954	$3,073	$1,231	$970	$1,282	$0		$0	$0	$0	$7,946	
Flower/Mulch	$678	$95	$2,295	$1,185	$2,988	$936	$0	$350	$0		$0	$0	$0	$8,527	
Fertilizer	($1,608)	$4,186	$13,131	$11,834	$12,500	$14,538	$15,439	$15,983	$0		$0	$0	$0	$86,003	
Seed/Sod	$0	$349	$1,244	$1,244	$1,244	$1,552	$1,244	$1,244	$0		$0	$0	$0	$8,120	
Trash Removal	$282	$141	$0	$282	$0	$141	$141	$282	$0		$0	$0	$0	$1,267	
Contingency	$0	$0	$536	$536	$536	$536	$536	$536	$0		$0	$0	$0	$3,214	
First Aid	$199	$0	$0	$160	$0	$0	$202	$134	$0		$0	$0	$0	$696	
Office Supplies	$0	$0	$0	$0	$0	$114	$0	$44	$0		$0	$0	$0	$158	
Operating Supplies	$219	$93	$0	$0	$301	$1,514	$301	$929	$0		$0	$0	$0	$3,357	
Training	$0	$0	$223	$0	$686	$0	$0	$342	$0		$0	$0	$0	$1,251	
Janitorial Supplies	$0	$0	$0	$0	$0	$0	$30	$0	$0		$0	$0	$0	$30	
Soil & Water Testing	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	
Uniforms	$771	$548	$1,048	$560	$585	$757	$592	$592	$0		$0	$0	$0	$5,452	
Equipment Rental	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	
Equipment Lease	$13,645	$13,645	$20,202	$15,323	$12,579	$13,588	$13,565	$13,589	$0		$0	$0	$0	$116,136	
Small Tools	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	
Total Golf Course Maintenance	$65,619	$78,292	$88,266	$90,366	$85,146	$90,509	$85,909	$91,486	$0		$0	$0	$0	$675,593	

Page 15
Viera East Golf Course Month to Month

	October	November	December	January	February	March	April	May	June	July		August	September	Total	

Administrative Expenditures:
Legal Fees	

$304	

$0	

$0	

$531	

$0	

$905	

$0	

$0	

$0		

$0	

$0	

$0	

$1,740	
Arbitrage	$50	$50	$50	$50	$50	$50	$50	$20	$0		$0	$0	$0	$370	
Dissemination	$83	$83	$83	$83	$83	$83	$83	$83	$0		$0	$0	$0	$667	
Trustee Fees	$342	$342	$342	$342	$342	$342	$342	$342	$0		$0	$0	$0	$2,733	
Annual Audit	$125	$125	$125	$125	$125	$125	$125	$125	$0		$0	$0	$0	$1,000	
Golf Course Administrative Services	$4,690	$4,690	$4,690	$4,690	$4,690	$4,690	$4,690	$4,690	$0		$0	$0	$0	$37,520	
Insurance	$5,501	$5,501	$6,360	$5,501	$5,501	$5,501	$5,501	$5,501	$0		$0	$0	$0	$44,865	
Property Taxes	$0	$571	$1,964	$1,535	$1,535	$1,535	$1,535	$1,535	$0		$0	$0	$0	$10,208	
Total Administrative Expenditures	$11,095	$11,362	$13,614	$12,856	$12,325	$13,230	$12,325	$12,296	$0		$0	$0	$0	$99,103	

Reserves:															
Renewal & Replacement	$1,667	$2,256	$2,924	$2,602	$3,680	$0	$0	$0	$0		$0	$0	$0	$13,129	
Operating Reserves	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	
Total Reserves	$1,667	$2,256	$2,924	$2,602	$3,680	$0	$0	$0	$0		$0	$0	$0	$13,129	
															
Total Revenues	$112,863	$146,154	$130,124	$183,998	$222,053	$215,332	$150,298	$140,538	$0		$0	$0	$0	$1,301,360	
															
Total Expenditures	$120,163	$143,329	$150,382	$163,388	$155,325	$157,441	$157,713	$151,646	$0		$0	$0	$0	$1,199,389	
															
Operating Income (Loss)	($7,301)	$2,824	($20,258)	$20,610	$66,728	$57,891	($7,415)	($11,108)	$0		$0	$0	$0	$101,971	

Non Operating Revenues/(Expenditures):
Special Assessments - Debt Service	

$46,530	

$46,530	

$46,530	

$46,529	

$46,530	

$46,530	

$46,530	

$46,530	

$0		

$0	

$0	

$0	

$372,236	
Interest Income	$42	$46	$35	$36	$36	$30	$13	$5	$0		$0	$0	$0	$244	
Transfer In	$0	$0	$0	$0	$0	$0	$0	$0	$0		$0	$0	$0	$0	
Interest Expense	($13,069)	($13,069)	($13,069)	($13,069)	($13,069)	($13,069)	($13,069)	($13,069)	$0		$0	$0	$0	($104,550)	
Principal Expense	($34,167)	($34,167)	($34,167)	($34,167)	($34,167)	($34,167)	($34,167)	($34,167)	$0		$0	$0	$0	($273,333)	
Total Non Operating  Revenues/(Expenditures)	($664)	($660)	($671)	($670)	($670)	($676)	($692)	($701)	$0		$0	$0	$0	($5,403)	
															
Net Non Operating Income / (Loss)	($7,965)	$2,164	($20,928)	$19,940	$66,058	$57,215	($8,108)	($11,808)	$0		$0	$0	$0	$96,568	

Page 16
Viera East
Community Development District

ProShop
Statement of Revenues & Expenditures

	October	November	December	January	February	March	April	May	June	July		August	September	Total	

Revenues

Merchandise Sales	

$6,479	

$8,654	

$10,744	

$8,375	

$12,097	

$9,935	

$10,715	

$8,607	

$0		

$0	

$0	

$0	

$75,607	
Total Revenues	$6,479	$8,654	$10,744	$8,375	$12,097	$9,935	$10,715	$8,607	$0		$0	$0	$0	$75,607	

Expenditures															
Cost of Goods Sold	$806	$6,230	$8,527	$7,960	$6,389	$5,813	$8,297	$4,651	$0		$0	$0	$0	$48,671	
Total Expenditures	$806	$6,230	$8,527	$7,960	$6,389	$5,813	$8,297	$4,651	$0		$0	$0	$0	$48,671	
															
Operating Income (Loss)	$5,673	$2,424	$2,217	$415	$5,709	$4,123	$2,418	$3,956	$0		$0	$0	$0	$26,935	

Page 17
Viera East
Community Development District Long Term Debt Report

Series 2006 Water Management Refunding Bonds		
Interest Rate:	5.750%	
Maturity Date:	5/1/2022	
Reserve Fund Definition:	10% Max Annual Dept	
Reserve Fund Requirement:	$239,334	
Reserve Fund Balance (1):	$239,334	
Bonds outstanding - 9/30/2016	$11,855,000	
Less: May 1, 2017 Principal	($1,710,000)	
Less: May 1, 2018 Principal	($1,810,000)	
Less: May 1, 2019 Principal	($1,910,000)	
Less: May 1, 2020 Principal	($2,020,000)	
Current Bonds Outstanding	$4,405,000	

(1) This value is covered by the Debt Service Reserve Fund Surety Bond and is not a cash balance on the District's balance sheet.

Series 2012 Special Assessment Revenue Bonds		
Interest Rate:	2.5% to 5%	
Maturity Date:	5/1/2026	
Reserve Fund Definition:	50% Max Annual Dept	
Reserve Fund Requirement:	$279,239	
Reserve Fund Balance:	$280,141	
Bonds outstanding - 9/30/2016	$4,445,000	
Less: May 1, 2017 Principal	($365,000)	
Less: May 1, 2018 Principal	($380,000)	
Less: May 1, 2019 Principal	($395,000)	
Less: May 1, 2020 Principal	($410,000)	
Current Bonds Outstanding	$2,895,000	

Page 18
Viera East
Community Development District
Special Assessment Receipts - FY2020

Date	Net	Gen Fund	Debt Svc 2006	Rec Fund	Total	

11/6/19	$	65,047	$	13,970	$	41,077	$	10,000	$	65,047	
11/20/19	$ 1,741,148	$	373,942	$	1,099,534	$	267,672	$	1,741,148	
12/13/20	$ 1,138,411	$	244,493	$	718,906	$	175,012	$	1,138,411	
12/20/20	$	370,110	$	79,488	$	233,725	$	56,898	$	370,110	
1/10/20	$	90,960	$	19,535	$	57,441	$	13,984	$	90,960	
2/4/20 (1)	$	2,184	$	469	$	1,380	$	336	$	2,184	
2/7/20	$	63,111	$	13,554	$	39,855	$	9,702	$	63,111	
3/6/20	$	33,161	$	7,122	$	20,941	$	5,098	$	33,161	
4/6/20	$	126,535	$	27,176	$	79,907	$	19,453	$	126,535	
4/23/20 (2)	$	202	$	43	$	127	$	31	$	202	
5/8/20	$	115,282	$	28,365	$	83,404	$	3,513	$	115,282	
6/8/2020 (3)	$	16,609	$	-	$	-	$	16,609	$	16,609	

						

						

						
	$ 3,762,761	$	808,157	$	2,376,297	$	578,307	$	3,762,761	

	Net
Assessed	
Percentage	Assessments
Collected	Assessments
Transferred	Balance to
Transfer	
						
Debt Service Fund	$ 2,376,297	63.15%	$	2,376,297	$	(2,376,297)	$	-	
General Fund	$	808,157	21.48%	$	808,157	$	(808,157)	$	-	
Recreation Fund	$	578,489	15.37%	$	578,307	$	(561,698)	$	16,609	
						
	$ 3,762,943	100.00%	$	3,762,761	$	(3,746,152)	$	16,609	

FY20 1st Quarter
FY20 2nd Quarter
Tax Certificate Sale

Viera East Community Development District
Golf Course/Recreation Fund- Operations Prior Month/Year Comparison

	Actuals
5/31/19		Actuals
5/31/20		
Variance		Year to Date
5/31/19		Year to Date
5/31/20		
Variance	

Revenues:
Greens Fees	

$98,053		

$	99,426		

$	1,374		

$1,014,609		

$	950,227		

$	(64,382)	
Gift Cards - Sales	$919		$	716		$	(203)		$9,561		$	5,737		$	(3,824)	
Gift Cards - Usage	($543)		$	(551)		$	(8)		($12,045)		$	(10,185)		$	1,860	
Season Advance/Trail Fees	$14,908		$	17,803		$	2,895		$146,841		$	146,454		$	(387)	
Associate Memberships	$1,817		$	2,291		$	474		$29,783		$	28,598		$	(1,185)	
Driving Range	$5,482		$	7,043		$	1,561		$50,724		$	51,700		$	976	
Golf Lessons	$175		$	175		$	-		$1,400		$	1,400		$	-	
Merchandise Sales	$14,151		$	8,607		$	(5,544)		$96,687		$	75,607		$	(21,080)	
Restaurant	$1,414		$	1,870		$	456		$18,534		$	18,710		$	175	
Special Assessments - Operations	$1,877		$	1,877		$	-		$15,018		$	15,018		$	-	
Miscellaneous Income	 	$1,598 		   $	1,280 		   $	(317) 		 	$20,763 		   $	18,094 		   $	(2,670) 	
Total Revenues	   $	139,850 		   $	140,538 		   $	689 		   $ 1,391,876 		   $ 1,301,360 		   $	(90,517) 	
Expenditures:
Golf Course Expenditures	
$	12,643		
$	7,289		
$	5,354		
$	97,753		
$	84,277		
$	13,475	
Restaurant	$	1,095		$	674		$	421		$	8,261		$	7,155		$	1,106	
Golf Operations	$	29,995		$	35,250		$	(5,256)		$	236,464		$	271,459		$	(34,995)	
Merchandise Sales	$	10,164		$	4,651		$	5,513		$	64,984		$	48,671		$	16,312	
Golf Course Maintenance	$	92,682		$	91,486		$	1,195		$	701,390		$	675,593		$	25,797	
Administrative	$	11,884		$	12,296		$	(412)		$	93,733		$	99,103		$	(5,370)	
Reserves	   $	3,798 		   $	-			   $	3,798 		   $	26,861 		   $	13,129 		   $	13,732 	
Total Expenditures	   $	162,259 		   $	151,646 		   $	10,613 		   $ 1,229,446 		   $ 1,199,389 		   $	30,057 	
Operating Income/(Loss)	   $	(22,409) 		   $	(11,108) 		   $	11,302 		   $	162,430 		   $	101,971 		   $	(60,459) 	
Viera East Cash Flow Analysis  FY 2020

I. Cash Flows:	Actuals	
Projections					
	June	July	August	September	Totals	
Starting Funds						
Carry Forward						
Revenues						
Golf Course	$ 166,205	$	153,759	$	126,533	$ 139,952	$ 1,887,809	
Course Operations	$ 164,515	$	152,197	$	125,251	$ 138,532	$ 1,863,145	
Restaurant	$	1,690	$	1,562	$	1,282	$	1,420	$	24,664	
						
Total All Cash	$ 338,379	$	328,939	$	292,217	$ 269,093	$ 1,887,809	

Expenses						
Golf Course	$ 163,198	$	163,255	$	163,076	$ 163,164	$ 1,852,082	
Course Operations	$ 162,117	$	162,255	$	162,255	$ 162,255	$ 1,841,117	
Restaurant	$	1,082	$	1,000	$	820	$	909	$	10,966	

Cash Less Expenses						
	
Projected Revenues FY 2020	
$ 1,887,809				
	Projected Expenses FY 2020	$ 1,852,082				
	Projected Surplus(Deficit) FY 2020	$	35,726				
						
	Viera East
Community Development District					
	Detailed Rounds of Golf Report
May-20					
			PY - PREVIOUS YEAR			
Rounds of Golf						

Paid Rounds	Monthly	Year to Date					
Rounds of Golf- Associate Member	465	9%	4,003	10%					
Rounds of Golf- CDD Resident	850	17%	6,514	17%					
Rounds of Golf - Public	1,700	34%	14,088	36%					
Rounds of Golf - Golf Now / EZ Links	511	10%	2,097	5%					
Rounds of Golf- Tournaments	-	0%	-	0%					
Rounds of Golf- Misc	-	0%	-	0%					
Rain Check Issued	(27)	-1%    -	432	-1%					
Total Paid Rounds	3,499	26,270					
Member Rounds
Rounds of Golf - Members	
874	18%	6,382	17%					
Total Member Rounds	874	6,382					
Comp Rounds
Rounds of Golf- Staff/Comp	
171	3%	1,237	3%					
Rounds of Golf- Other Comp	150	3%	1,807	5%					
Total Comp Rounds	321	3,044					
Rounds of golf - GolfNow/EZ Links	250	5%	2,973	8%					
TOTAL ROUNDS OF GOLF	4,944	100%	38,669	100%					

Revenues	

Monthly		

Year to Date			
Greens Fee Revenue
Rounds of Golf- Associate Member	
$16,162	
16%	
$167,080	
18%		
Rounds of Golf- CDD Resident	$22,148	22%	$217,940	23%		
Rounds of Golf - Public	$46,140	46%	$498,395	52%		
Rounds of Golf - Golf Now / EZ Links	$16,163	16%	$79,485	8%		
Rounds of Golf- Tournaments	$0	0%	$0	0%		
Rounds of Golf- Misc	$0	0%	$0	0%		
Rain Check Issued	($553)	-1%	($12,526)	-1%		
TOTAL GREENS FEE REVENUE	$100,060	100%	$950,374	100%