Encore Community Development District

Financial Statements (Unaudited)

October 31, 2018

Prepared by: Rizzetta & Company, Inc.

encorecdd.org rizzetta.com

Encore Community Development DistrictBalance Sheet

As of 10/31/2018(In Whole Numbers)

General Fund Chiller Operation FundChiller Reserve

GroupAssets Account General Fixed

Total

AssetsCash In Bank 76,386 44,435 0 0 120,821 Investments - Reserves 0 0 1,166,874 0 1,166,874 Accounts Receivable 304,270 75,123 360,000 0 739,393 Allowance for Doubtful Accounts (3,964) 0 (220,000) 0 (223,964)Prepaid Expenses 0 0 0 0 0 Deposits Paid 2,500 16,215 0 0 18,715 Due From Other Funds 4,950 0 0 0 4,950 Fixed Assets 0 0 0 3,651,145 3,651,145

Total Assets 384,142 135,773 1,306,874 3,651,145 5,477,934

LiabilitiesAccounts Payable 29,660 5,220 0 0 34,880 Accrued Expenses Payable 1,273 34,338 0 0 35,611 Other Current Liabilities 0 0 0 0 0 Deposits Held 0 42,265 0 0 42,265 Due to Developer 0 49,000 0 0 49,000 Due To Other Funds 0 4,950 0 0 4,950

Total Liabilities 30,933 135,773 0 0 166,706

Fund Equity & Other CreditsBeginning Fund Balance 105,733 0 1,236,041 3,651,145 4,992,920 Net Change in Fund Balance 247,476 0 70,833 0 318,309

Total Fund Equity & Other Credits 353,210 0 1,306,874 3,651,145 5,311,228

Total Liabilities & Fund Equity 384,142 135,773 1,306,874 3,651,145 5,477,934

See Notes to Unaudited Financial Statements

Encore Community Development DistrictStatement of Revenues and Expenditures

001 - General FundFrom 10/1/2018 Through 10/31/2018

(In Whole Numbers)

Annual Budget YTD Budget YTD Actual YTD Variance RemainingBudget

Percent Annual

RevenuesSpecial Assessments

Tax Roll 100,790 100,790 101,444 654 (0.64)%Off Roll 199,516 199,516 199,516 0 0.00%

Total Revenues 300,306 300,306 300,960 654 (0.22)%

ExpendituresLegislative

Supervisor Fees 11,400 1,900 800 1,100 92.98%Financial & Administrative

Administrative Services 3,000 250 250 0 91.66%District Management 27,295 2,275 2,275 0 91.66%District Engineer 10,000 833 911 (78) 90.88%Assessment Roll 5,000 5,000 5,000 0 0.00%Accounting Services 4,260 355 833 (478) 80.43%Auditing Services 4,100 0 0 0 100.00%Public Officials Liability Insurance 3,025 3,025 401 2,624 86.73%Legal Advertising 1,800 150 0 150 100.00%Miscellaneous Mailings 2,000 167 0 167 100.00%Dues, Licenses & Fees 175 175 175 0 0.00%Website Hosting, Maintenance, Backup 1,200 100 100 0 91.66%

Legal CounselDistrict Counsel 15,000 1,250 25 1,225 99.83%

Electric Utility ServicesUtility Services 14,000 1,167 1,155 12 91.75%Street Lights 1,000 83 23 60 97.67%

Solar EnergySolar System Maintenance 1,500 125 0 125 100.00%

Stormwater ControlStormwater System Maintenance 31,520 2,627 5,900 (3,273) 81.28%

Other Physical EnvironmentProperty & Casualty Insurance 3,300 3,300 1,338 1,962 59.45%Landscape Maintenance 57,489 4,791 5,204 (413) 90.94%Irrigation Maintenance 2,661 222 0 222 100.00%Irrigation Repairs 5,000 417 7,831 (7,415) (56.62)%Landscape Replacement Plants, Shrubs, Trees

15,000 1,250 0 1,250 100.00%

Palm Tree Injection Treatment 2,298 192 0 192 100.00%Annual Mulching 12,258 1,022 0 1,022 100.00%Field Services 7,200 600 600 0 91.66%Holiday Decorations 41,325 0 20,663 (20,663) 50.00%

Road & Street FacilitiesStreet Sign Repair & Replacement 1,500 125 0 125 100.00%Electrical Maintenance 15,000 1,250 0 1,250 100.00%

Contingency

See Notes to Unaudited Financial Statements

Encore Community Development DistrictStatement of Revenues and Expenditures

001 - General FundFrom 10/1/2018 Through 10/31/2018

(In Whole Numbers)

Annual Budget YTD Budget YTD Actual YTD Variance RemainingBudget

Percent Annual

Miscellaneous Contingency 1,000 83 0 83 100.00%Total Expenditures 300,306 32,732 53,484 (20,752) 82.19%

Excess of Revenue Over (Under) Expenditures 0 267,574 247,476 (20,098) 0.00%

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

0 267,574 247,476 (20,098) 0.00%

Fund Balance, Beginning of Period0 0 105,733 105,733 0.00%

Fund Balance, End of Period 0 267,574 353,210 85,635 0.00%

See Notes to Unaudited Financial Statements

Encore Community Development DistrictStatement of Revenues and Expenditures

401 - Chiller OperationFrom 10/1/2018 Through 10/31/2018

(In Whole Numbers)

Annual Budget YTD Budget YTD Actual YTD Variance RemainingBudget

Percent Annual

RevenuesCharges for Services

Usage Rate Collections 450,000 37,500 40,449 2,949 91.01%Contributions & Donations From Private Sources

Developer Contributions - Chiller 201,541 16,795 13,525 (3,270) 93.28%Total Revenues 651,541 54,295 53,974 (321) 91.72%

ExpendituresFinancial & Administrative

District Engineer 2,400 200 270 (70) 88.75%Rate Consulting Services 15,000 0 0 0 100.00%Accounting Services 10,000 833 355 478 96.45%

Legal CounselDistrict Counsel 5,000 417 0 417 100.00%

Electric Utility ServicesUtility Services 380,000 31,667 32,776 (1,109) 91.37%

Water-Sewer Combination ServicesUtility Services 15,000 1,250 1,335 (85) 91.09%

Other Physical EnvironmentProperty & Casualty Insurance 42,731 42,731 4,950 37,781 88.41%

Parks & RecreationTelephone, Fax, Internet 3,410 284 288 (3) 91.56%Maintenance & Monitoring Contracts 168,000 14,000 14,000 0 91.66%

ContingencyMiscellaneous Contingency 10,000 833 0 833 100.00%

Total Expenditures 651,541 92,215 53,974 38,241 91.72%

Excess of Revenue Over (Under) Expenditures 0 (37,920) 0 37,920 0.00%

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

0 (37,920) 0 37,920 0.00%

Fund Balance, End of Period 0 (37,920) 0 37,920 0.00%

See Notes to Unaudited Financial Statements

Encore Community Development DistrictStatement of Revenues and Expenditures

405 - Chiller Reserve FundFrom 10/1/2018 Through 10/31/2018

(In Whole Numbers)

Annual Budget YTD Budget YTD Actual YTD Variance RemainingBudget

Percent Annual

RevenuesInterest Earnings

Interest Earnings 0 0 833 833 0.00%Contributions & Donations From Private Sources

Developer Contributions - Chiller 280,000 70,000 70,000 0 75.00%Total Revenues 280,000 70,000 70,833 833 74.70%

ExpendituresContingency

Capital Reserves/Plant 250,000 62,500 0 62,500 100.00%Capital Reserves/Pipe 30,000 7,500 0 7,500 100.00%

Total Expenditures 280,000 70,000 0 70,000 100.00%

Excess of Revenue Over (Under) Expenditures 0 0 70,833 70,833 0.00%

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

0 0 70,833 70,833 0.00%

Fund Balance, Beginning of Period0 0 1,236,041 1,236,041 0.00%

Fund Balance, End of Period 0 0 1,306,874 1,306,874 0.00%

See Notes to Unaudited Financial Statements

Balance as of Account Investment October 31, 2018

The Bank of Tampa Money Market 492,431$ The Bank of Tampa ICS Program: CoBiz Bank Money Market 245,242 First National Bank of Omaha Money Market 245,242 Mutual of Omaha Money Market 183,959

Total Chiller Reserve Fund Investments - Reserves 1,166,874$

Encore CDD Investment Summary

October 31, 2018

Encore Community Development DistrictSummary A/R Ledger

001 - General FundFrom 10/1/2018 Through 10/31/2018

Invoice Date Customer Name Invoice Number Current Balance

5/31/2015 Housing Authority of the City of Tampa 052615-1 3,964.05 10/1/2018 Hillsborough County Tax Collector FY18-19 100,789.72

10/10/2018 Housing Authority of the City of Tampa 201-19-01 199,516.28

Total 001 - General Fund 304,270.05

See Notes to Unaudited Financial Statements

Encore Community Development DistrictSummary A/R Ledger

401 - Chiller OperationFrom 10/1/2018 Through 10/31/2018

Invoice Date Customer Name Invoice Number Current Balance

6/30/2018 Housing Authority of the City of Tampa OM0618-1 60,000.00 9/30/2018 Housing Authority of the City of Tampa OM0918-1 1,598.15

10/31/2018 Housing Authority of the City of Tampa OM1019-1 13,524.86

Total 401 - Chiller Operation

75,123.01

See Notes to Unaudited Financial Statements

Encore Community Development DistrictSummary A/R Ledger

405 - Chiller Reserve FundFrom 10/1/2018 Through 10/31/2018

Invoice Date Customer Name Invoice Number Current Balance

4/22/2014 Housing Authority of the City of Tampa CD0414-2 220,000.00 1/9/2018 Housing Authority of the City of Tampa CR0118-1 70,000.00 7/6/2018 Housing Authority of the City of Tampa CR0718-1 70,000.00

Total 405 - Chiller Reserve Fund

360,000.00

Report Balance 739,393.06

See Notes to Unaudited Financial Statements

Encore Community Development DistrictAged Payables by Invoice Date

Aging Date - 10/1/2018001 - General Fund

From 10/1/2018 Through 10/31/2018

Vendor Name Invoice Date Invoice Number Invoice Description Current Balance

Egis Insurance Advisors LLC

10/1/2018 100118614 Com. Package Downpayment

Commercial Package Downpayment FY18/19

1,739.24

Hopping Green & Sams 10/19/2018 103223 General/Monthly Legal Services 09/18

25.00

Cardno, Inc. 10/25/2018 510976 Engineering Services Through 10/19/18

911.25

Illuminations Holiday Lighting

10/28/2018 20051018 - Deposit Christmas Lighting and Decoration - 50% Deposit

20,662.50

Yellowstone Landscape 10/31/2018 INV-0000234988 Irrigation Repairs 10/18 422.00 Advanced Drainage & Hydro Inc.

10/31/2018 10312018 Inspection & Maint of Stormwater Mangement Sys 10/18

5,900.00

Total 001 - General Fund

29,659.99

Encore Community Development DistrictAged Payables by Invoice Date

Aging Date - 10/1/2018401 - Chiller Operation

From 10/1/2018 Through 10/31/2018

Vendor Name Invoice Date Invoice Number Invoice Description Current Balance

Egis Insurance Advisors LLC

10/1/2018 100118614 Com. Package Downpayment

Commercial Package Downpayment FY18/19

4,950.16

Cardno, Inc. 10/25/2018 510976 Engineering Services Through 10/19/18

270.00

Total 401 - Chiller Operation

5,220.16

Report Total 34,880.15

Encore Community Development District Notes to Unaudited Financial Statements

October 31, 2018

Balance Sheet

1. For presentation purposes, the Reserves are shown in a separate fund titled Chiller Reserve Fund. Summary A/R Ledger – Payment Terms

2. Payment terms for landowner assessments are (a) defined in the FY18-19 Assessment Resolution adopted by the Board of Supervisors, (b) pursuant to Florida Statutes, Chapter 197 for assessments levied via the county tax roll.