Cory Lakes Community Development District - cory lake isles

CORY LAKES CDDFINANCIAL REPORT SUMMARY - GENERAL FUND-PRELIMINARY DRAFTFOR THE PERIOD ENDING JULY 31, 2013FISCAL YEAR: OCTOBER 1, 2012 TO SEPTEMBER 30, 2013CURRENT YEAR PRIOR YEAR7/31/2013 7/31/2012MISC. REVENUE SUMMARYCASH BALANCE $ 1,688,953 $ 1,788,309BAR CODES $ 1,860RENTAL FEES 1,800LESS: ACCOUNTS PAYABLE 47,792 66,904 OTHER 3,143TOTAL $ 6,803NET CASH BALANCE $ 1,641,161 $ 1,721,405UNRESERVED GF BALANCE (UN-ASSIGNED) $ 835,367 $ 856,408SEE MISCELLANEOUSREVENUE BREAKDOWNRESERVE GF BALANCE (ASSIGNED) 769,385 818,198 SCHEDULE FOR MOREINFORMATION (PAGE 4).TOTAL GENERAL FUND BALANCE $ 1,604,752 $ 1,674,607REVENUE AND EXPENDITURES (FY 2013 YTD):FAVORABLEACTUAL BUDGET (UNFAVORABLE)YEAR-TO-DATE YEAR-TO-DATE VARIANCEREVENUE (YTD) $ 2,023,110 $ 1,724,549 $ 298,561EXPENDITURES (YTD) (1,493,268) (1,461,919) (31,349)NET OPERATING CHANGE $ 529,842 $ 262,630 $ 267,212AVERAGE MONTHLY EXPENDITURES $ (149,327) $ (146,192) $ (3,135)SIGNIFICANT FINANCIAL ACTIVITY:FAVORABLEACTUAL BUDGET (UNFAVORABLE)YEAR-TO-DATE YEAR-TO-DATE VARIANCEREVENUE:ASSESSMENTS-ON-ROLL (NET) $ 1,723,487 $ 1,697,049 $ 26,437EXPENDITURES:LEGAL-GENERAL-STRALEY & ROBIN 13,675 12,500 (1,175)SPECIAL LITIGATION 47,014 15,000 (32,014)UTILITIES 155,031 169,711 14,680SECURITY 257,493 286,667 29,174FIELD OFFICE ADMINISTRATION 153,461 191,360 37,898LANDSCAPE MAINTENANCE 277,583 347,006 69,423FACILITIES MAINTENANCE 141,450 130,083 (11,366)CAPITAL IMPROVEMENTS 286,466 147,628 (a) (138,838)SEE RESPECTIVE FINANCIAL STATEMENTS FOR MORE DETAILa) IN CERTAIN CIRCUMSTANCES, CAPITAL IMPROVEMENTS REFLECTS THE "ANNUAL" BUDGET (AS OPPOSED TO A PRO-RATED YEAR-TO-DATE BUDGET) GIVEN THE RANDOM TIMING OF ACTUAL EXPENDITURES.