Reunion West Community Development District

Agenda March 14, 2019

A GENDA

Reunion West
Community Development District

135 W. Central Blvd., Suite 320, Orlando FL, 32801
Phone: 407-841-5524- Fax: 407-839-1526

March 7, 2019

Board of Supervisors Reunion West Community Development District
Dear Board Members:
The special meeting of the Board of Supervisors of the Reunion West Community Development District will be held Thursday, March 14, 2019 at 12:30 p.m. at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, FL. Following is the advance agenda for the meeting:
Roll Call
Public Comment Period
Approval of the Minutes of the February 21, 2019 Meeting
Review and Acceptance of Draft Fiscal Year 2018 Audit Report
Staff Reports
Attorney
Engineer
District Manager's Report
1. Action Items List
Approval of Check Register
Balance Sheet and Income Statement
Status of Direct Bill Assessments
Other Business
Supervisor's Requests
Next Meeting Date
Adjournment
The second order of business is the Public Comment Period where the public has an opportunity to be heard on propositions coming before the Board as reflected on the agenda, and any other items.
The third order of business is the approval of the minutes of the February 21, 2019 meeting. The minutes are enclosed for your review.
The fourth order of business is the review and acceptance of the draft Fiscal Year 2018 audit report. A copy of the report is enclosed for your review.
The fifth order of business is Staff Reports. Section 1 of the District Manager's Report is the presentation and discussion of the action items list. A copy of the list is enclosed for your review. Section 2 includes the check register for approval and Section 3 includes the balance

sheet and income statement for review. Section 4 is the discussion of the status of the direct bill assessment collections. A table with the direct bill information is enclosed for your review.

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.
Sincerely,

George S. Flint District Manager
Cc:	Jan Carpenter, District Counsel Steve Boyd, District Engineer
Enclosures

MINUTES

MINUTES OF MEETING REUNION WEST
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Reunion West Community Development District was held Thursday, February 21, 2019 at 12:30 p.m. at the Heritage Crossing Community Center, 7715 Heritage Crossing Way, Reunion, Florida.
Present and constituting a quorum were:

John Chiste Mark Greenstein David Burman Deborah Musser
Also present were:
George Flint Andrew d'Adesky Steve Boyd
Alan Scheerer Rob Stultz

FIRST ORDER OF BUSINESS

Chairman Vice Chairman
Assistant Secretary Assistant Secretary

District Manager District Counsel District Engineer Operations Manager Yellowstone Landscape

Roll Call

Mr. Flint called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Bartlett: I live in the Estate section and my assigned mailbox is the Valhalla mailbox, which is 1.5 miles round trip out of my way and it is irritating to me. The Valhalla mailbox is virtually inaccessible given the construction. Contractors park in front of it, there is some signage but not sufficient signage. I contacted John Cruz last week about this and he said he was going to work on it but there has been no improvement and it has gotten worse. It doesn't make sense for people in the Estates to drive to Valhalla when we drive past the kiosk on Tradition and Grand Traverse that are spacious, they have room for additional mailboxes and a drive in front of it. Last year they were connecting utilities there and the ground in front of the mailbox had holes in it and we had to trudge through mud to get to our mailbox. I'm requesting that my mailbox get moved to the one on Grand Traverse and Tradition and I request the signage

February 21, 2019	Reunion West CDD

be improved at the Valhalla mailbox, that there needs to be access to the mailbox and that the regulations be enforced.
Mr. Flint: We have this as a new item no. 7 on our agenda, Mr. Greenstein had asked it be added to the agenda. The CDD's involvement is limited to owning the roads and sometimes we own the property on which the mailboxes are located.
Mr. Greenstein: It was constructed without off-site parking so that right now it looks lovely, great landscaping to the left and right ofthe facility but when YfU park at the curb you are basically parking in the street. When cars park on the other side of the street, which are lots to be
developed there is no way anybody can get through there. What we are going to discuss later would be the need to consider taking out the landscaping and creating four parking spots that are off the street so it comports with the way the kiosks are built throughout Reunion. It is a large, beautiful, park-like parcel that when they set the kiosk on it they should have set it back and put in a parking area but they didn't. We believe there is a need to create parking over there and that would help those who use the mail facility there. I can personally emphasize with the situation of people from the Estates having to go to the back of the community and then come back out in order to get their mail where almost everywhere else they are located in situations where they can do it when they are leaving or returning to the community. I talked to Mr. Burman earlier in his support of the Master Association and POA.
Mr. Burman:	Originally we were only able to get those mailbox kiosks and the Post
Office refused to deliver to short term resorts like Reunion and it has been maybe ten years since we were able to convince them that we have enough permanent residents but that delivery came with conditions and among the conditions is not considering any changes to where the kiosks are and where the mail gets delivered, they just won't do it. We have had a number of requests of people in Homestead and other places throughout Reunion to move their mailbox to another area and they flatly refused. That is a Postal Service issue.
Mr. Greenstein: What we were looking at was the possibility also because we need to support Bears Den and the residents there I know we are supposed to have sufficient space within the existing two buildings but there is room for a third kiosk on the Grand Traverse site. Ifa third kiosk were to be erected on that site, we could then relocate 40 mailboxes.
Mr. Burman: The other option is to find someplace in the Estates. The golf course has some property on the right side going into the Estates and it is a possible location. We would have to present the plans to the postal service.

2

February 21, 2019	Reunion West COD

Mr. Greenstein: Another peculiarity is all the folks who live in Legends Comer and Masters Landing, which is east of Tradition Boulevard, their kiosk is at the comer of Grand Traverse and Tradition on the other side of the road. In the short term we are going to discuss how we have the Engineer possibly take a look at the Valhalla mail kiosk site and come up with a plan to create some off-street parking so it comports with all the other kiosks that we have. A secondary issue is looking at the creation of those two parcels.
Mr. Flint: Do you want to deal with them now?
Mr. Chiste: I think we need to at least investigate what we believe the cost would be associated with it.
Mr. Scheerer: Steve is going to have to look at the Homestead mail kiosk, create maybe
four parallel parking spaces with appropriate signage and traffic markings. Based on our site visit we have space and Steve will have to go there and confirm that. Homestead would be an example of parallel parking and use that for the Valhalla parking. We will have the Engineer take a look at it.
Mr. Burman: We will address what we can from our side.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the January 10,
2019 and January 24, 2019 meetings

On MOTION by Mr. Burman seconded by Mr. Greenstein with all in favor the minutes of the January 10, 2019 and January 24, 2019 meetings were approved, as presented.
FOURTH ORDER OF BUSINESS	Consideration of Acceptance of G-17 Letter
Mr. Flint: Under MSRB rule G-17 this is a letter disclosing the role and responsibilities of the underwriter. The main intent here is that the underwriter does not have a fiduciary responsibility to the CDD and they are required to disclose that. This is a G-17 letter related to the bond issue that we are currently working on.

On MOTION by Mr. Chiste seconded by Mr. Greenstein with all in favor the G-17 letter from FMS Bonds was accepted.

FIFTH ORDER OF BUSINESS	Public Hearing
Mr. Flint: Next is a public hearing related to the assessments for the Series 2019 Bond Issue for Assessment Area 5. I would ask for a motion to open the public hearing.

3

February 21, 2019	Reunion West CDD

On MOTION by Mr. Greenstein seconded by Mr. Burman with all in favor the public hearing was opened.
Consideration of Second Supplemental Engineer's Report
Mr. Flint: This report was prepared by your District Engineer defining the improvements that are proposed to be funded that benefit Assessment Area 5.
Mr. d' Adesky: Ifyou will just generally state what type ofimprovements are going in. Mr. Boyd: Essentially roadway, stormwater and water, and sewer utility infrastructure.
Mr. d'Adesky: It is just like we accepted in all other phases. There is nothing in there that we are accepting that is any different than other areas.
Mr. Flint: Table 2 in the report defines those types of improvements and the estimated costs associated with those. There is a total of 228 units within Assessment Area 5 and $8.2 million in proposed improvements.
Consideration of Master Assessment Methodology Report for Assessment Area Five
Mr. Flint: We took the Engineer's Report and prepared the Master Assessment Methodology Report. Each bond issue is a separate assessment area so we are going through the assessment process for each area, that is why we are doing a Master Methodology. We prepared the Master Assessment Methodology for Assessment Area 5 dated January 10, 2019. You have previously seen this when you set the public hearing for today. Table 1 is the development plan that the Engineer identified the 228 units a combination of single-family and townhome and totals 215 ERUs. Table 2 is the infrastructure cost estimate is $8.2 million. Table 3 is a bond sizing for purposes of the assessment process we will come back once the bonds are priced and we will issue a supplemental methodology tied to the actual terms. This takes the estimated construction cost, adds debt service reserve, capitalized interest, underwriters discount, cost of issuance and a contingency and that rounds that up to a par amount of $11 million. Table 4 is the allocation of those improvement costs per unit. Table 5 is the allocation of par debt per unit. Table 6 shows the net and gross annual debt service assessments would be based on the development plan and if you were to issue $11 million in bonds under the assumptions that were made and the bond sizing. Table 7 is the preliminary assessment roll, which shows the 21 platted lots that are currently there and you have 4 unplatted parcels at the time we prepared this report totaling about 60 acres and how those assessments would be allocated to those parcels.

4

February 21, 2019	Reunion West CDD

Mr. Chiste: I think this is the last anticipated bond issue on the West. When you put some of those lots together on the 18th hole, that is a pretty big assessment.
Mr. Flint: This is ifwe issue all $11 million. Those single-family homes are proposed to pay the same per unit amount that any other single-family home in Reunion does. Any time you are combining lots you are paying twice the amount.
I believe the developer owns all the property subject to these assessments and they have received a mailed notice as required by the Statute.
Public Comment and Testimony
There being none,

Consideration of Resolution 2019-07 Levying Assessments for Assessment Area Five
Mr. d'Adesky: Resolution 2019-07 is the levying resolution, which essentially places the actual assessments on that property in proportion of the special benefit of those assessments. It is consistent with Chapter 170, 190 and 197, Florida Statutes and it goes through the provisions that apply to that also the fact that the District has previously adopted the Engineer's Report, the Methodology, provided the statutorily required notice, provided a preliminary assessment roll, approved the date and time of this public hearing and also providing the estimated cost of improvements, confirming the assessment roll as attached to the methodology and providing that we will finalize these special assessments, that is bring them in line with the actual costs once we have pricing on these bonds and once we know the actual numbers. It provides for payment on the tax roll when property is platted and appropriate notice to be filed by the District Manager in the public records of Osceola County.

On MOTION by Mr. Greenstein seconded by Mr. Chiste with all in favor Resolution 2019-07 was approved.

On MOTION by Mr. Chiste seconded by Mr. Greenstein with all in favor the public hearing was closed.

SIXTH ORDER OF BUSINES	Consideration	of	Website	Compliance
Proposal from VGlobalTech
Mr. Flint: Next is a proposal from VGlobalTech for an issue that has come up within the last 12 months or so. There is a single plaintiff and an attorney who filed 18 separate lawsuits

5

February 21, 2019	Reunion West CDD

against Community Development Districts in the State of Florida claiming that their websites were not ADA compliant and it turns out that there are over 500 CDDs in Florida, and I don t believe any of their websites are ADA complaint and I don t believe many of the Cities Counties School Districts and other governmental entities were ADA compliant as well. The insurance provider for the 18 entjties that were sued negotiated a settlement agreement with the plaintiff and their attorney for a nominal fee per District but with tbe obligation of within 24 months the Districts would become compliant. It doesn t prevent any other plaintiff or attorney from coming and filing the same thing, that settlement was only for that particular individual. This is an issue not just for CDDs we manage but for all the CDDs in Florida as well as government entities and private entities are subject to the same requirements. There are specialized software languages that the web ites have to be written in so that they can interface with third party translators. There is certain software thal blind people can use that will actually tum the website into audio. We met with a number of companies that indicated they can provide the service of making them compliant and we ended up going with VGlobalTech, they are doing the other Districts that we manage. We are bringing this forward and recommending the Board consider entering into an agreement with VGlobalTech and we suggest you approve the one-time website conversion and compliance cost and it is $1,975. They do have a proposal for ongoing maintenance, which they indicated is optional and we recommend doing the one-time and our hope is that going forward we will be able to maintain it once it is compliant. In the event that we are not able to do that in-house we may come back to the Board.
Mr. Chiste: When you reached out to different entities was there a range in pricing?
Mr. Flint: This is the least expensive approach that we found. I have seen them anywhere from this to over $20,000.
On MOTION by Mr. Chiste seconded by Mr. Greenstein with all in favor the proposal from VGlobalTech for one-time website conversion and compliance was approved.

SEVENTH ORDER OF BUSINES	Mailbox Kiosk
Mr. Flint: We discussed the mailbox kiosk issue and the Engineer is going to come back with an estimated cost for parking at the Valhalla area and we will continue to communicate and coordinate with the Master Association on any other changes that we might be able to make pending cooperation from the postal service.

6

February 21, 2019

EIGHTH ORDER OF BUSINESS
Attorney

Staff Reports

Reunion West CDD

Mr. d' Adesky: We completed the swaps necessary to effectuate the bond issuance, but we will have a number ofconveyances that we will be working on afterwards.
Engineer
There being none, the next item followed.

Manager
Action Items List
Mr. Flint: The only item we have for West is monuments.
Mr. Scheerer: We received a link to the final plans for the monumentation and the location; however, in reviewing those with Mr. Greenstein they omitted one area so the contractor is having the architect add that back in. As soon as we get them they will be submitted for permitting with the County.
Approval of Check Register
Mr. Flint presented the January check register in the amount of$543,856.67.
On MOTION by Mr. Chiste seconded by Mr. Greenstein with all in favor the check register was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.
No Board action was required.

Status of Direct Bill Assessments
A copy ofthe status of direct bill assessments was included in the agenda package.

NINTH ORDER OF BUSINESS	Other Business
There being none, the next item followed.

TENTH ORDER OF BUSINESS	Supervisors Requests
There being none, the next item followed.

ELEVENTH ORDER OF BUSINESS	Next Meeting Date

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February 21, 2019	Reunion West CDD

Mr. Flint: The next meeting would be the second Thursday in March.

TWELFTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Greenstein seconded by Mr. Chiste with all in favor the meeting adjourned at 12:58 p.m.

Secretary/Assistant Secretary	ChairmanNice Chairman

8

SECTION IV

REUNION Wf;ST COMMUNITY DEVEL�T D1'1:RICT

Year  End  d�t&mber  30,

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
TABLE  OF CONTENTS
Year Ended September 30, 2018 

Financial Section: 
Independent Auditor's Report Management Discussion and Analysis Financial Statements:
Government-Wide Financial Statements : Statement of Net Position Statement of Activities
Fund Financial Statements :
Balance Sheet - Governmental Funds
Statement of Revenues, Expenditures�n,cVChange 1� Fund Balances - Governmental Funds
Reconciliation of the Statement of Reven!J@S\·E�nditures and Changes in Fund Balances of Govemme�rKunds
to the Statement of Acti(i�
Statement of Revenues, Ex�n�itur� an,1Chang� lp Fund Balance - Budget and Actual - Gene�I F.und
Notes to Financial Statements

Compliance Section: 
Independent Aucfflc,r's Reportklljl' Internal �rirt,rol over Financial Reporting and on Complia�e"and Ot�r � Bas,�c on an Audit of Financial
Statements Pe�rmetljn Accor anee,with Government Auditing Standards Management Gomm�-'
lndepepdent AG€6untan� Report on Compliance with the Requirements qt/Section 218 1'5,, Flonqa '9tatutes

Page

1
3

7
8
9
10 

11 
12 
13 

29
31
33

l\t1CDIRMIT	DAVISIll

CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS

INDEPENDENT AUDITOR'S REPORT

TRoeuthneioBnoWaredsot fCSoumpmeurvnisitoyrDs evelopment District

September  30,  201 8,	nd  the  related  notes  to  tbe  _financial  sta�ements,  whict:r' collectively

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misstatement, whether due toiraud ot'-error.

financial  statements  in  accordance  with  a	' unlmg prinGiples  g�'rally accepted  in  the  United

S	e	e	s	l	s  he	s	p	.	d,	i  te a	t l

Management's Responsibility for the Financial Statem�is, The  District's  management  is  responsib�  fQf  the- preparatioq  aQd  fair  pr	entation  of  these retlaetvasnot ftoAtmhe rpicrea;ptahrai tioinnc aundde fatir__prdeeseingtna,ti·mn \QlefmJihe�rrtri�ctiiaQpl staatnemmenatsn thnat nacre forfeeinftreormnalmcaotnerrioal
Auditor's Responsibility

conducted  our  audit  in  a�rda,1J1ce  with  au  I   ing  standards  generally  accepted  in  the  United

Auditing Stahqards, �ued  by �e' Comptroller  General  of the  United  States.   Those standards

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Our responsibility is to �i'ess ar-i qpmion g_n � financial statements bas     on our audit.  We States  of  Amertca'  and_ the �tandards  applicable  to  financial  audits  con ained  in  Government frienqaunicrei�th�Bttewmeepnltasnaraemf�r' p�fhorfomrmm�athee,r,aiauldmitistostaotbetmaienntre. asonable  assurance  about whether the

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of accounting principles u	d and the reasonablen	s of significant accounting	stimates made

for the purpos	of expressing an opinion on the effectiveness of the entity's internal co rol.

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McmRMIT DAv1s & CoMPANY, LLC

Wbaesisbefolier voeurtahautditthoepainuiodnitse. vidence we  have obtained  is sufficient and  appropriate to  provide a
934 NORTH MAGNOLIA AVENUE, SUITE 100 ORLANDO,FLORIDA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

MEMBERS: PRIVATE COMPANJES PRACTICE SECTION AMERICAN INSTITUTE OF CERTIFIEDPUBLIC ACCOUNTAITTS F'LoRJDA INSTITUTE OF CERTJFlED Pueuc ACCOUNTANTS
1

Opinions

with accounting principles generally accepted in the United States of America.

of  Septem	r  30,  20 1 8,   and  the  respective  changes  in  financial   position  thereof  and  th

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Other Matters
Required Supplementary Information

management's discussion and analysis starting on page 3, be ��nted 1'Q sbpplement the basic

Accounting  principle	generally  accepted   i	the   United   States  qf✓ �erica  r  quire  that  the

required  by the Governmental Accounting Standards Board  who considers  it� be an essential,,,	l

economic  or  historical  context.	We  have  applied -ee:,:tain  limited' procedures  to·the  required

financial statements.   Such  information,  although  not a  part-6f:,tfie  basic fin�c4a/ st   ements,  is  part of financial reporting for placing the basic financiat ,St�tements in  an app opr  te�pperational,

an opinion or provide any assurance.

the  basic financial statemen   .   We  do  n	�ss- an  opinion �r 'provid   any assurance  on  the

the  i  formation and  comparing the  information for consiste.pcy, with  man  gement's  responses to

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Other Reporting Required b1 '(}DJt.emment A ditfng Standards

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part of an f1Udit performe   ir\accoh(a9'ce with  Government Auditing Standards in  considering the

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2

MANAGEMENT'S DISCUSSION AND ANALYSIS

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for State and Local Governments issued June 1 999.

Statement (GASB) No. 34, Basic Financial Statements - and Managemf]nt's Discussion and

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Analysis -
Financial Highlights

At September 30, 20 1 8, the District's governm&l}tal funds reported "1,Jnd balances of

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$4,755,585 an increase of $ 1 39,560 in compari�n with tf)e prior year.

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Overview ofthe Financial Statements

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Government-Wide Financial Statements

fin!=incial  statements,  2)  fund

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a broad

decreas6l:?..Jil netpositi�  �Y serve as a useful indicator of whether the financial position

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that will result�n ba's�,flows in future fiscal periods.

chan�d'e:tµring the most recent fiscal year.  All changes in net position are reported as soon

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streets related functions.

principally  supported  by  special  assessment  revenues.	The  District  does  not  have  any

The  government.::wi  e  financial   stat  ments  include  all  governmental   activities  that  are gbouvseinrensmse-tnytp, ephaycstiicvaitflees.nvirTonhme egnot,vecrunltmureentanl dacretivcriteieastioonf,  pthueblicDisatrfiecty inacnldudreoagdesnearnadl

3

MANAGEMENT'S DISCUSSION AND ANALYSIS (CONTINUED)

Fund Financial Statements

Funds.

local governments, uses fund accounting to ensure and demonst rate compliance with

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requirements.

resources,  as  well  as  on  balances  of   pendable  resou(�s avall�ble. at the  end of the

same  functions  reported  as  governmental  activities  in  the  gdv�hm ent-wide  financial

Governmental  Funds  -  Governmental  funds  are  used  to  accodn,, for  essentially  the fsutantdemfeinnatnsc. iaHl oswtaetveemr,enutnslikfeocthues  goonvenrnemare-tnet-rmwideinffloinwasnciE!alAdstaOtttflte moewntss, ogfovseprennmdeanbtlael fiscal year.  Such information may be useful in evah..1a'fil;lg· a District's__near-term financing

financial statements,  it is useful to compare 1Qe' informat\9n presented for governmental

wide financial  statements.    By  doing  so,  readers '(!lay better  understand  the  long-term

balance sheet and the governm	tai .f!.lnd- statement of' revenues, expenditures and

f	it	i	a  i	e	e	o	ac	s n

i   p	of	e	v	f	n	g	e�	B	he g	n	fu

c  a	s  i   fu	ba   nc	v	r	e	tla   tq	l1

Because the focus of governmental fu nds i� -1'l�ower thalfV,at of    e government-wide unds w  h  s mil  r  nformation  pr  sent  d  f  r g�ermrfe.prtal      tivitie    i    the  governm    t­      m  act      th   go  ernment's near-tefm-  ioa  cin   de     �-     oth t       over  mental
gohvnegrnemental nfudndslaandegsopvreornimdeen�1'3I�accotnivi�i-liji�'  n-	fac itate this comparison  between

separately in the g	�mmenl'8I fund  bal¥oe sheet and the governmental fu nd statement

o	e	,	x.p	e	a �	nd	a	for	e	ra  f	,

The  District  maintains ,.\!Jr�  ir;idividua1  governmental  funds.	Information  is  presented

witt: ige· budget

sef rrvicveenfuuneds, �e d e�adpiitaurl psr,£i)enGts1  cfohoadn,g.easll �ifrnw, fhuich abrael cnocnessideredthto bgeenmeajol r fuunndds.debt TcohmerpDairisstroicnt saedhoep,dtusl�e�n  aSn'bneueanl  aprpopvriodperdiaftoerdthbeudggeenterfaolr fuitnsdgteondeeraml ofnusntdra. teAcobmudpglieatnacrey

Tprhoevidnoe�d in"1p,:oev--gidoeveardd" JIm0,nt-awl idinefoarnmdaftuionnd tfhinaatnicsiaelsssteantetimaletnotsa.
Government-Wide�i,nancial Analysis

full understanding of the data

activities.

2S0ta1t8e.meTnhteoafnNaelytsPisotshitaiot nfo-lloTwhes foDcisutrsicets'sonnethpeonseititopnowsiatison$ 1o0f ,t3h3e8,D2i7s1tricat'sSgeopvteemrnbmeer n3t0a,l

4

MANAGEMENT'S DISCUSSION AND ANALYSIS (CONTINUED)

Government-Wide Financial Analysis (Continued):

2018 

Reunion West Community Development District Statement of Net Position
	September 30,
 		September 30,
 	2017		
Assets, excluding capital assets	$	5, 11 5,419	$	4, 727,739	
Capital Assets Net of Depreciation	 	40,764, 1 99 	41 ,51 0,857	
Total assets	45,879,618	 	46,238,596 	
Liabilities, excluding long-term liabilities	1,134),4)4	809,212	
Long-term Liabilities	34'4(W,643	35,296,522	
Total liabilities	/:::,_�;5,541,347 	36�105,734	

Net Position:
Net i nvestment in capital assets Restricted for capital projects Restricted for debt ser.1ce Unrestricted
Total net position

6,351;�56
673
"2,,,010,729
 1,909,313 
0,338,271

6,2'14,335
4,212
1, 948, 61 1
1, 965, 704
$	10,1 32,862

TSheeptfeomllobwerin3g0,is20a1s8uamnmda2r0y1o7f. the  Distri .  ·�, gover.n11Jeota1- ac\ivities for the fiscal  years  ended

,Ch�nges in eh.Position

Y�r ended Se  te1T1ber 30,
 	2018		201 7

Revenues:
Program revenues

$	3,959, 727	$	3, 324,803

General r� Totaf "venues
Ex(,enses: Ge�ra'l'QOvemment Physi�I en)Aronment Culture a� 1'8:qreation Public safety
Roads and streE1ts Interest on long-term debt

 	28,652	 	25,216
 	3,988,379	 	3,350,019

11 9,605	478,040
1, 527,928	1 ,401 ,115 
1 02,670	84, 127
55,999	51 ,800
99, 1 67	34,394
 	1,877,601 	1, 598,147

Total expenses	 	3,782,970 	 	3,647,623 	
Change in net position	205,409	(297,604)	
Net position - beginning	 	10,1 32,862 	10,430,466	
Net position - ending	$	10,338,271	$	10,1 32,862

5

MANAGEMENT'S DISCUSSION AND ANALYSIS (CONTINUED}

Government-Wide Financial Analysis {Continued}:
As noted above and in the statement of activities, the cost of all governmental activities during the year ended September 30, 2018 was $3,782,970. The majority of these costs are physical environment and interest on long-term debt.
Financial Analysis of the Government's Funds
The District uses fund accounting to ensure and demonstrate compliarat�with finance related legal requirements. The focus of the District's governmental funds isiq,,provide information on near-term inflows, outflows and balances of spendable resources. -Such i nformation is useful in assessing the District's financing requirements. In particular, -<iga�gned fund balance may serve as a useful measure of a government's net resources �lable for,s�ending at the end of
the fiscal year.   At September 30, 2018, the  District's go�nrhental fun� reported combined ending  fund  balances of $4,755,585.   Of this total,  $l4,p'1 1  is  nonspenda�e:  $2,846,272  is restricted,  $1 10,902 is assigned and the remai . e_p,  is an unassigned ftJQd' ,balance of
$1 ,764,100.
In the current year, the fund  balance of the generaf _ffrnd  gecreased  by $56,391.   The debt service fund balance increased by $1 99,590 due to a¥essment revenue in excess of debt service expenditu res. The capital proJef:ls-fund balance'iq,creased by $3,539.
General Fund Budgetary Highlights

a	�

An operating budget was c!dopted and �a'int'19ed by the governing board for the District pursuant to the  requirerpenl§ .9fFlorida  �atutes.   The  budget  is  adopted  using  the  same
basis of accounting th t i�/used in repara�n\�f the fund financial statements. There were no budget amendmeftts"'to the SepJember 3 , 2018 general fund budget. The legal level of budgetary control i$ a(the fund..fev.eb
Capital Asset and Debt A(IQ"lti�ration

�

Capital ·�sets - 4t Septe 'r- 30, 2018, the District had $40,764, 1 99 invested in capital ass�• .net of accum�afe,d depr�ation .   More detailed  information about the District's capital as�ts4s presented in t� Motes tothe financial statements.
Capital ,Qebt - At Sep�111ber 30, 2018, the District had $34,410,000 in bonds outstanding. More detail@d' inforrnatiqri about the District's capital debt is presented in the notes to the financial stat0Q1e'nts .
Requests for Information
If you have questions about this report or need additional financial information , contact the Reunion West Community Development District's Finance Department at 135 W. Central Blvd, Suite 320, Orlando, Florida 32801. 

6

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
STATEMENT OF NET POSITION
September  30, 2018 

Assets:
Cash lm,estments
Assessments receivable Accounts receivable
Prepaid costs
Restricted assets:
Temporarily restricted inwstments Capital Assets:
Capital assets not being depreciated Capital assets being depreciated, net
Total assets

Liabilities:
Accounts payable and accrued expenses
Due to Reunion East Accrued interest payable
Unearned Rewnue Noncurrent liabilities:
Due within one year
Due in more than one-y�at Total liabilitie
Net Position:
Net lm,estm€r'it in clipital as�ts Restric�Jor capital-i;>rd}e.cts Restric� for debt sel"l U�tlicted
Tol I net position

Gove rnmenta l
 	Activities	

975,51 3
1,248,294
20, 153
7,260
34, 31 1
2,829,888

29,958,378
'14,805,821
 	45,879,618 

111 ,257
1 36, 330
774,870
11 2,247
870,000
33,536,643
35,541 , 347

6,357,556
673
2,070,729
 	1 ,909,313
$	10,338,271

The accompanying N otes to Financial State7ments a re an integral part of this statement.

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
STATEMENT  OF ACTIVITIES
Year Ended September 30, 2018 

Functions/Programs Governmental activities:

Expenses

 	Program Revenue	
Operating Grants  Capitru Grants
Charges for		and		� Services	Contributions	-COntfibutions

Net (Expense) Revenue and Changes in Net Position
Governmental
--Ac-tivit-ies-

General government

$	11 9,605

$	67,175	$	-	$	-	$	(52,430)

Physical environment Culture and recreation
Public safety
Roads and streets Interest on long-term debt

1 ,527,928
102,670
55,999
99,167
1 ,877,601

858,142
57,663
31 ,451
55,696
2,869,324

20,-2 4 	2 

(669,786)
(45,007)
(24,548)
(43,471) 
1 ,01 1 ,999

Total governmental activities $ 3,782,970

$ 3,939,451	$

Ge    ral�naes.: ln�stment inCGme
Mis ll�neoug(r�venae

29,274

-=$ ===-2-  	1 76,757 

25,244
 	3,408 

T<"-8r"g,neral revenues ange in net position

28,652
205,409
 	10,1 32,862

Net�tiol)Jending	$	10,338,271

The accompanying Notes to Financial State8ments are an integral part of this statement.

REUNION WEST COMMUN ITY DEVELOPMENT DISTRICT
BALANCE SHEET GOVERNMENTAL FUNDS
September  30, 2018

Debt	Capital

Total Gove rnmental

Assets:

     General		Service	 	Projects	 	Funds	

Cash	$   975,51 3	$
lni.estments	1 ,248,294	673
Assessments receivable	3,769
Accounts receivable	7,260

$	975,51 3
4,078, 1 82
20, 153
7,260

Prepaid costs	 	34,31 1	 	34, 31 1 

Total assets	$ 2,269, 147	$  2,845,599	$
Liabilities and Fund Balances:
Liabilities:
Accounts payable and accrued expenses	$ 111 ,257	$	$
Due to Reunion East	1.36,330
Unearned Re'.enue	 	

$	5, 11 5,41 9

$	111 ,257
136,330
1 12,247

Total liabilities	ll59.834
Fund balances:
Nonspendable-prepaid costs	34 311
Restricted:
Debt service	2,845,599

 	359,834 

34, 31 1

2,845,599

Capital projects	673

Unassigned	1, 764-;100			1,764, 1 00	
Total ftfffti_�ant'es	1,909,313	2,845,599	673	4,755,585	
T<Xi:ll)iabilities ancjJund bala�es-	$ 2,269, 147	$ 2,845, 599	$	673		

Assigned-subsequent yeac;s e�penditureJ	r'llt,9827.

673
11 0,902

Amounts rep�rte.d for governmental activities In the statement of net position are different because:
Capital assets u�'in gowmment:al ,acti\Aties are not financial resources and therefore are

not reported in the fbQd1,_
Liabilities not due and pa�e from current available resources are not reported in the go'.emmental fund statements . All liabilities, both current and long-term, are reported in the gowmment-wide statements .

40,764, 199

Accrued interest payable Bonds payable
Net Position of Governmental Activities

(774,870)
(34,406,643)

(35, 181,51 3)
$	1 0,338,271

The accompanying Notes to Financial State9ments are an integral part of this statement.

REUNI ON WEST COMMUNITY DEVELOPMENT DISTRICT
STATEMENT OF REVENUES. EXPENDITURES AND CHANGES I N FUND BALANCES GOVERNMENTAL FUNDS
Year Ended September 30, 201 8

Revenues:

Total
Debt	Capital	Governmental
      General		Service	 Projects	Funds	

Special assessments	$1 ,070,127	$2,777,044	$	$	3,847,171 
Special assessments - prepayments	92,280	92,280

Miscellaneous revenue	 	3 ,408 		 	3,408 	
Total revenues	     1 ,098,779 	 	2	 	,3 ,988,379	

Investment income	25,244	20,274	45,520

Expenditures:
Current:
General government	11 6,064	11 6,064
Physical environment	802,254	802,254
Culture and recreation	_ 81 ,686	81 ,686
Public s afety	.t,5';999	55,999
Roads and streets	9,9;1-67	99,167

Debt Service: Interest

r,aoo�	1 ,800,008

Principal	890,000	890,000
Other debt service costs	 		 	3,541 		3,54 1 Total expenditures	 1 ,1 55,17.0     2,690,008 		3,541	3,848,71 9 
Excess (Deficit) of Revenue� dvar
Expenditures	(56;391) 	1 99,590 	(3,539)	1 39,660 
Net cha"n9�-in fumil�alances	(56,391)	1 99,590	(3,539)	1 39,660
Fund	nc,es  - beginning of	 1 ,965,704   2,646,009 	4,2 1 2 	4,61 5,925 
Fund Bala�es",- end ofyear	$1 ,909,313	$2,845,599	$	673	$ 4,755,585

The accompanying Notes to Financial State1 0ments are an integral part of this statement.

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
RECONCILIATION  OF  THE  STATEMENT  OF  REVENU ES, EXPENDITURES  AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUN DS TO THE STATEMENT OF ACTIVITIES

Year Ended September 30, 2018 

Amounts reported for Governmental Activities in the Statement of Activities are different

Net change in fund balances - total governmental funds (page 10)

Governmental funds report outlays for capital assets as expenditu res because sucifoutlays use current financial resources; however, in the statement of net assets the cos.i6fJh�e'
assets is recorded as capital assets.  Depreciation of capital assets is not r��nized i	e" governmental fund statements but is reported as an expense in the state m'ei;itof acthlities.
Capital outlay
Depreciation expense	 	· ,(746,658)
Repayments of long-term liabilities are reported as expenditures'1"'go.110rnr:l'fel)tal funds, while repayments reduce long-term liabilities in the statement of net posl�.

Some el<penses reported in the statem ent of activi    s 4_cinotrequire the u� of'C._Urrent financial resources and, therefore, are not reported as el<peni!jitures ·	o�mmental fi.n\dsj

$	139,660

(746,658)

890,000

Amortization of bond discount Change in accrued inter.est

(121 )
 	(77,472)

 	(77,593)
$	205,409

The accompanying Notes to Financial Stat1e1ments are an integ ral part of this statement.

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE BUDGET AND ACTUAL - GENERAL FUND
Year Ended September 30, 201 8

Special assessments	$ 1 ,054,847	$ 1 ,054,847	'$ 1-, · 70;q 27	$	15,280	
Investment income	3,000	3,000 ,	2�4�,	22,244	

Revenues:

Variance with Rnal Budget
Actual	Positive
 	Budgeted Amounts		Amo�>	 	(Negative)	
 	Original		Final

Miscellaneous rewnue	1 5,353	 	15,3,5'3, 		3,4'6@	 	(1 1 ,945) 
Total revenues	1 ,073,200	 	1 .o'3�oo 	1 ,098,779 	25,579 
Expenditures:
Current:
General government	142,327	,�2;12:v	11 6,064	26,263
Physical environment	934�13'	802,254	1 32,259
Culture and recreation	70,00Q	81 ,686	(1 1 ,686)
Public safety	56,000	55,999	1

Roads and streets

99,1 67	(51 ,807)

Total expenditures		1 ,250,206'	 	1 , 155,170 	 	95,030 	
	(1 77,00 .	(1 77,000)	(56,391 )	120,609	
Fund Balance - beginning		1 ,965,704	1 ,965,704		
Fund Balance - ending	$  1 ,788-;7'64'	$ 1 ,788,704	$ 1 ,909,313 	$	1 20,609	

The accompanying Notes to Financial Stat1e2ments are an integral part of this statement.

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS
Year Ended September 30, 2018 

Note 1 - Summary of Significant Accounting Policies:
Reporting Entity

bssj,c

The Reunion West Community Development District, (the "District�-} )las established on October 3, 2001 by County Ordinance 01 -32, pursuant to ,tn� Uniform Community Development District Act of 1980, otherwise known as Chapter 1 00, Florida Statutes. The Act provides,  among  other  things,  the   power   to  manage	�e'rvices for community development, the power to borrow money and issue bonds, Q.Jl�nhe PO,\Ver,J,o levy and assess non-ad valorem assessments for the financing and de�ry of capital �nfrc1structure. The District was established for the purpose of finaooil')€f and managing the acquisition, construction, maintenance and operation of a portl9rf of the_ infrastructure ,ne,cessary for community development within the District.
The District is governed by the Board of Supervisors (the �ard"), which is composed of five members. The Supervisors are elected on an at la� basis by the owners of the property within the District. The Board of Super>lisars of the Distri �rcises all powers granted to the District pursuant to Chapter 1 90, Flori� �fes...  At Septe1'Jbel 30, 2018,  none of the Board members were associated with LRA R�nipn ""aer.r,pwer,-- LLC �e❖eloper).   In a prior year, the District initiated foreclosure proceedings \ag�inst ,di�· �r- �eveloper and a foreclosure sale was held on August 26, 2013 .(See Note 6).
The Board has final respbJ)sibility n,
Assessing �d tevying asses&merats..
Approving budg�.
�«¥Cising CQ(lf'rol ove"'{arnlities and properties.
�- ·controlling the u	qf funds·generated by the District.
Al).p rbving the hirih�Jand firing of key personnel.
Financ:I�'i�1"9vements.
The financial statements were prepared in accordance with Governmental Accounting Standards Board ("GASB") Statements 14, 39 and 61 . Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

13 

REUNION WEST COMMUN ITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS (CONTINUE D)

Year Ended September 30, 2018

Note 1 - Summary of Significant Accounting Policies {Continued): Government-Wide and Fund Financial Statements
The financial statements include both government-wide and fund financiat�tatements.
The government-wide financial statements (i.e., the statement of net'"P9Sition and the statement of activities) report information on all of the non-fiduciary activiti0t Qftf;J� primary government. For the most part, the effect of interfund activity has been remcwep"fro� these statements.

�

The statement of activities demonstrates the degree to wh)ch the direct peoses of a given function or segment is offset by program revenues. Dile(Jt'expenses are tho� th.at are clearly identifiable  with  a  specific  function  or  segment.   -P,wram rev..enues include  1J>charges  to customers who purchase,  use,  or directly benefit,,1rom goods, -s�ices, or privileges provided
by a given function or segment, 2) grants, conmet.itions .in9, investment earnings that are restricted to meeting the operational or capital requireqiems,,of a particular function or segment and 3) operating-type special assessments that are treate.d,as charges for services (including assessments for  maintenance  and  dE#t seTV�ce).   Other �ms  not included  among  program revenues are reported instead as gene  frev@(}p'fis.-
Measurement Focus, Basis of Accountin and F_. n�nciaJ Sl;ltement Presentation
The government-wide fir���I statemen� are reported using the economic resources measurement focus an!il"t�e accmal1?asis of�ccpunting. Revenues are recorded when earned and expenses are reeoJ:(ied when1 a ,1iability is"'7cvrred , regardless of the timing of related cash
flows. Assessme� are recogrufed-as- �evenu�,:in the year for which they are levied. Grants and similar items are'(_edegniz�c;!,as re�s,as soon as all eligibility requirements imposed by the provider have been �et.
Governrti�tal  fumil  fhi  ancia1 ,_statements  are  reported  using  the  current financial resources
measiirpment focus aQd\the m�it�d accrual basis of accounting.  Revenues are recognized as�oon as they are botf1 measurable and available. Revenues are considered to be available when�sy are collectible within the current period or soon enough thereafter to pay liabilities of
the cur     t'pie' riod.   For.thiJs purpose, the District considers revenues to be available if they are collected · hihh60 d� ¢ the end of the current fiscal period, except for Developer receivables
for retainage,�b/ar,e collected from the Developer when the amount is due to the contractor. Expenditures are rEj)eorded when a liability is incu rred, as under accrual accounting.   However, debt service expe'/iditures are recorded only when payment is due. 

14 

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS (CONTINUED}
Year Ended September 30, 201 8

Note 1 - Summary of Significant Accounting Policies (Continued):
Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued)

September  30th .	These  assessments  are  imposed  upon fir benefited �ntis  located  in  thelQ!s'

assessments, are non-ad valorem assessments imposed on a11 1aiii(is located within the District

Asse	n   ,   including  debt   service   assessments and  ope�lipn	and maintenance laenvdiebdebnyeftitheed Dbiysttrhicet Dpriisotrrictto'sthaectsivtaitriet so.f tOhepefrisactiaolnyaenadr wmhaicinl;jt•eMt;ieBg!l)Cines,s¥peObciael ras1 ssteasnsdmentdssaorne

subject to short term debt and are used to prepay 'S_pbr:tion ot1h,r 6onds outstanding.

described in each resolution imposing th   special a5'ejisment for each series -9( �nds issued

District.	Debt  service  special  assessments  are  imp6s$'d  upon  certain	and  lands  as by the District.   Certain debt service assessments"ar;e collecte,fupon the closing' of those lots

considered to be measurable and availab� only wti�Pl �h rs;,eceived by the District.

susceptible to accrual and so have beefi' recognized as �veA_ues of the current fiscal  period.

Assessments  and  interest  associated  with the curren  jis�I  period  ar	all  considered to be Obenlysutshceeppotirbtiloen to  acscerusaslmaesntsrerveecneui�e 'f)blf�'�thee�withein?itthpeecriaovde. ttt• A, filsl coatlhpeerriroedveisnuceonsitiedmersedatreo
The District reports the foll�og_niajpr govevimental funds:

>

Gallefninearnacl iFaul rned�-1.Srctet,senDoitsatraeicto'.slinptreimcHaoryr oa�ncl;eratpinogrtfeudndin. aItnoisthuesrefduntod.account for and report
DpreinbctipSae1arvnicde- inFteurneds'("t oqa�C9lon0gn-ttserfmor dtheebta. ccumulation of resources for the annual payment of

financial s�em�nts.  ,Npen both restricted and unrestricted resources are available for use,  it

�oC{tr Kp,oifnasltrPurcotjioenctosf m, uuno�r. -inafr�astttruActtsurfoerwthitehinfintahencDiaisl trreicsto. urces to be used for the acquisition As a ge�rakrule,  he effeyl: of interfund activity has been	iminated from the government-wide insetehdeedD.istrict'iq policy ,to use  restricted  resources first, then  unrestricted resources as they are

15 

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES  TO  FINANCIAL  STATEMENTS  (CONTINUED)
Year Ended September 30, 2018

Note 1 - Summary of Significant Accounting Policies (Continued):
Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance
cRoevsetnriacntetsd. Assets - These assets represent cash and investments s�t;)aside pursuant to bond

hierarchy established  in  accordance with  GASB,S�tement Na.  i2,  Fair Value Measurement

cDaesphoosnitshaannddaInndvdeesmtmaenndtsde-pToshiets.District's cash and cash �qtrivalent� are  considered to be Investments of the District are reported at fair valuei:ipd are categorized withiQ tlje fair value

statements.

wanitdh SAepcptliiocanti2o1n8. .4T1 h5e, FDloisritdraictS'staitnuvtest.ments con�t bf investn}ents authorized  in  accordance pPereriopdasid aItnedmasre-  Creecrotardinedpaaysmepnrtespat?i -V'en�d<;>r-s·;nr.ebfleoctht cg�o�ts,,amppelnicta-wbliedetoafnudturfuenadccfionuanntciniagl

value at the date of don ·0¥1.. 

assets (e.g . ,  roads, side� �ch;;imilar i�ms), are reported  in the applicable governmental

the government as ��s with an itJltial,  indiv   ual cost of more than $5,000 and an estimated

Capital Assets -  Capital assets, which  irlflude _property,  plant,  equipment and  infrastructure activities column  in  thefyg  vernment�wide fin�ntial  statements.   C  pital assets are defined by uhsisetofurliclaiflecoinsteixfcpeu�rcAo{!fst'ewoooyr/eC9arsns. tr.-&tuetedeh-. a_sBoJ�na,t·eadrecraepcitoarldaesdseattshaisretoreiccaol rcdoesdt aotraecsqtuimisaittieodn

over the fotlQwin� estirll�a;d useful lives:

Tmhaetecfos1alJIYsyeoxftennodr�ass maliivnetes�a�noen�at ncdapriteapliaziersd.that do not  add  to  the value  of the asset or MPraojpoe�rtyut, laplyasnftoar ncdapeitqal aR$f'netnst aonfdthiempDriosvtreicmteanrtes daereprceacpiaittaeldizeudsiansg ptrhoejescttrsaiagrhet-clinoenstmruecttheodd.

 	Assets	
SRtooardmwwaaytser Management
ERleeccrteriactaiol ,nCaonmd mAmuneicnaittieiosns and Lighting

 	Years	

30
20

16 

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 201 8

Note 1 - Summary of Significant Accounting Policies (Continued):
Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance (Continued):
Long Term Obligations • In the government-wide financial statemefi� 'long-term debt and other long-term  obligations are  reported  as  liabilities  in  the statE:,�tJt of net  position.   Bond premiums and discounts are deferred and amortized over the ll� ef the bonds using the straight-line  method .    Bond  issuance  costs  are  reported  as    >.SPen�s:    Bonds  payable  are reported net of premiums or discounts.
In the fund financial statements, governmental fund /�es recognize bonq premiums and discounts, as well as bond issuance costs, during t� purrent per:iod. The face 3ijl0Unt of debt issued is reported as other financing sources. • IPremiums r.ec�rved on debt issuances are reported as other financing sources while discou� on,_d�.01: i,ssuances a re reported as other financing uses. Issuance costs, whether or not w�hhi3ip, from the actual debt proceeds received, are reported as expenditures.

� �

tot-

Deferred Outflows/Inflows of Resou ces ..i: fn addition to sets, the statement of financial position will sometimes report a separ�te, se	deferre , outflows of resources. This separate   financial   statement   element,    ti_eferre4 ootfJpiJ/�,   of  resources,   represents   a consumption of net position !Rat-applies to a'fwb.fre period(s1 and so will not be recognized as an outflow of resources (e n �penditurie) until then. The District does not have any item that qualifies for reportJ.fi�/ln this cat�gory for the year ended September 30, 201 8.

�	�

will

In addition to liabiWies the sta�menLof fina al position will sometimes report a separate section for deferred ihflows qt, l'eS0�es. • This separate fi nancial statement element, deferred inflows of rese_u'rtr:ts,,  represents  an  acquisition  of  net  position  that  applies  to  a future period{'s) Efnd. so not be recognized as an inflow of resources (revenue) u ntil that time.  T.Ke),istiict-4oes not�ave any item that qualifies for reporting  in this category for the year-e'nped Septem 30, 201{3. •

-ti�t'

Net "'o&ition Flow Assumption - Sometimes the District will fund outlays for a particular purpose ftom both restrici:�d and unrestricted resources. In order to calculate the amounts to report as estricted • position and unrestricted • net position in the government-wide financial sta�m'ent� .,a}lbw assumption must be made about the order in which the resources are considered -.t_o.bp, applied.   It  is  the  District's  policy to consider restricted -  net position to have been depleted before unrestricted-net position is applied.
Fund Balance Flow Assumptions · Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources (total of committed, assigned, and unassigned fund balance). In order to calculate the amounts to report as restricted, committed, assigned, and unassigned fund balance in the governmental fund financial statements a flow assumption must be made about the order in which the resources are considered to be applied. It is the District's policy to consider restricted fund balance to have been depleted before using any of the components of unrestricted fund balance. Further, when the components of unrestricted fund balance can be used for the same purpose, committed fund balance is depleted first, followed by assigned fund balance. Unassigned fund balance is applied last.
17 

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Year Ended September 30, 2018 

Note 1 - Summary of Significant Accounting Policies (Continued):
Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance (Continued):
Fund Balance Policies - Fund balance of governmental funds is' reported in various categories based on the nature of any limitations requiring the .us"e ,of resources for specific purposes. The District itself can establish limitations on the ute/ of resources through either commitment (committed fund balance) or an assignment (a�siQ9ed fund_pa'tance).

�	p�	_	p	�

The committed fund balance classification includes fur@, balance amounts--ttiat can be used only for the specific purposes determined by a formal �ion of the government;_s �ighest level of dec sion-making authority. The Board of Su Pli5ers is the � est level ?f de lsion-making authonty for the government that can, by adoption f an ord, ance or resolution prior to the end of the fiscal year, commit fund balance. Once adopt , th limitation imposed by the ordina nce or resolution remains in place until a similar action is tak n to remove or revise the limitation .
Amounts in the assigned fund bala ce dassification ar intended to be used by the government for specific purposes but riot meet the c iteria to be classified as committed . The Board of Supervisors has authorized the Di trict Manager to assign a mounts for specific purposes. The Board of Supervisors ay also assign fund balance as it does when appropriating fund balan to cover a gap tween estimated revenue and appropriations in the subsequent year's appropriat d budget. Unlike commitments, assignments generally only exist temporarily. In ither words an additional action does not normally have to be taken for the removal of an assignment. Gonversely, as discussed above and additional action is essential to either re ve or vjse a oommitrnent.
Other Disc)osures
Use of Estimates - The preparation of financial statements in conformity with generally ac pted accounting pn ciples requires management to make estimates and assumptions that affec he reported amo nts of assets and liabilities, and disclosure of contingent assets and llabllitie t the date of the financial statements, and the reported amounts of revenues and expenditu during he reporting period. Actual results could differ from those estimates.

18 

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES  TO  FINANCIAL  STATEMENTS  (CONTINUED)
Year Ended September 30, 2018 

Note 2 - Stewardship, Compliance and Accountability:
Budgetary Information

"'e'

General  Fund.   Annual  budgets are adopted on a  basis consistent -With' accounting  principles

fiscal year end.	The  legal  level  of budgetary  control  is at /� �und level .	Any budget

The District is required to establish a budgetary system and an approved �nnual budget for the generally accepted in th United States of Ameri a. All annual ,,appropriations lapse at the apperondvemdebnytsththeaBt oinacrrdeoasfeSuthpervagisgorresg. ate budgeted approp• r�·tj.0ns,  at-tpe"fµnd  level,  must be fTinhaencDiaisl tsritcattefomlelonwtss.  these  procedu res  in  establish"  �, 'fhe  bu�getary  data  �fl�ted  in  the
EbuadcghetyfeoarrththeefisDciastl ryicetaMr caonmamgeerncsiunbgmthites ftoolloW1Qg01Os)critcotbeBro1a.rd  a  proposed  operating
Public hearings are conducted'	�r,taxpayer comp1en�s.
Prior to October 1, the budget is l�a.lly ado�teel--by flt�- District Board.
All budget change.s'hJJJsl_ be,approv� bythe District Board.
Tachceepbtueddgierlt�shiie-r1e.JnaitdeodpStetadteqsn-oafAbmaseirsi�, co, nsistent with  accounting  principles  generally
Note 3 - Deposits and lnv�tnlents:
Deposits

for  Pub� Deposit   Act',  r quires all  qualifi  d depositories to deposit with  the Tre	urer or

Tcohl�latDe{isatlr'ipc?t'sol cpalesdhgebdal tonotfilees Swtearte Ternetairesulyrecro. vFelroerdidabyStfaedtuetreasl Cdehapoptseitro2ry80in, s" uFlroarnidcae Soer cbuyritay

securities, state of local government debt, or corporate bonds) to public deposits is dependent

balance for �11' llfupth of all  public deposits  in	cess of any applicable deposit insura	e

another ba��g instjtdtipn eligible collateral equal to various percentages of the average daily held. The pe'fGeptage of eligible collateral (generally, U.S. Governmental a nd agency

failure of a qualifi d public depository, the remaining public depositories would be responsible

upon the depository's financial history and its compliance with Chapter 280. In the event of a for covering any resulting losses.

19 

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Year Ended September 30, 2018

Note 3 - Deposits and Investments (Continued):
Investments
The District categorizes its fair value measurements within the f,iir value hierarchy established by generally accepted accounting principles. The fafr value is the price that would  be received to sell  an asset,  or paid to transfer a liabililt,  in  an  orderly transaction between market participants at the measurement date. TJ{e h�a'fchy is based on the valuation inputs used to measure the fair value of the asset,
Under GASS  72,  assets  or liabilities are  classified  in1:o7 one of three  leveJ_s.  level  1  is the most  reliable  and  is  based  on  quoted  price for ideq;tical  assets,  or liabiliti�1   l,Jl  an  active market. Level 2 uses significant other observa0fe )nputs wbe'i,>obtaining quoted prices for
identical or similar assets, or liabilities,  in  mar�ts' that ar.e  9ot active.  Level  3  is the least reliable,  and  uses significant unobservable  inputs-that,ds�s the  best information  available under the circumstances, which includes the District's,OWIJ data in measuring unobservable inputs.
The District has the following recurring fair valtJQ_measuremeQts as of September 30, 2018: 
Money market mutual funds of $1 :{576 .0o/J3"are valaed using Level 2 inputs.

�

f

The District's investmeti!, policy l$ goverpetl by State Statutes and the District Trust Indenture. The Distr.i6t)nvestment,policy all�� i nvestments in any financial institution that is a qualified publ� d�pository 0f the St�te of lprida as identified by the State Treasurer, in accordance with pter 200_ of � Flofi9a Statutes. Authorized District investments include, but are not li�eeHo;,
1.	Jfi(},loeal _Go\fern�nt,Surplus Funds Trust Fund (SBA);
Securities and Exchange- ·commission Reg istered Money Market Funds with the nighest credit quality rating from a nationally recognized rating agency;
�erest-beari�Itime deposits or savings accounts in qualified public depositories;
Direct -q__bttg,tfons of the U.S. Treasury.
The SBA is not a registrant with the Securities and Exchange Commission (SEC); however, the State of Florida does provide regulatory oversight. The Board has adopted operating procedures consistent with the requirements for a 2a-7 fund for the Florida Prime Fund; therefore, the pool net asset value per share can be used as fair value for financial reporting.

20

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS (CONTINUED}
Year Ended September 30, 2018 

Note 3 - Deposits and Investments (Continued}: Investments (Continued):
Investments made by the District at September 30, 201 8 are s<frpmarized below. In accordance with GASB 31 , investments are reported at fair value.

Investment Type
First American Prime Obligation Fund Y

Fair Value
$	301:BJ31

.Credi( Rating
AAAm

Weighted Average
,r.,aturlty

US Bank Money Market	,5,6�'672	NA		
Fidelity Go1.emment Portfolio Ill	1, 268,21 1	AAA.m	36 days	
Local Go1.emment Surplus Trust Fund

Credit Risk:	�45f_432	AAAm	33 days	

,26:'qays

The District's investment policy limits ,credit ri� 6'9· r.estricttQg authorized investments to those described.   Investments in  U.S. �v(:)rnment/se�ritl�s and agencies must be backed by the full faith and credit of!be United S�t�s-Governmem.   Short term  bond funds shall be rated by a nationally recog'njze{I ratings ag�ncy and shall maintain the highest credit quality rating .
Custodial Credit R<sk,'
In  the  case  of deposits�  f�is, ·is  the  risk  that,  in  the  event  of a  bank failure,  the  District's deposits, ,I-l'la}'  nor be  ren,q:necl  to  it.    The  District's  investment  policy  requires  that  bank deposits ge- secure:Q  as prov:·  �. by Chapter 280,  Florida Statutes.   This law requires local
govefh!1(ents to dep(\sif funds ._pqly in financial institutions designated as qualified public de�sttories  by the  Ct,Jet, Financial  Officer of the  State  of Florida,  and  creates  the  Public Depos,jts"Trust Fund, a multiple financial institution pool with the ability to assess its member financia'1 institutions i �ollateral shortfalls if a default or insolvency has occurred. At September-_;30f'201 8.1llli>f the District's bank deposits were in qualified public depositories.
For an investm&(l\, this is the risk that, in the event of the failure of the counterparty, the government will riot be able to recover the value of its investments or collateral securities that are in the possession of an outside party. At September 30, 2018, none of the investments listed are exposed to custodial credit risk because their existence is not evidenced by securities that exist in physical or book entry form .
Concentration of Credit Risk:
The District's investment policy does not specify limits on the amount the District may invest in any one issuer.

21 

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES  TO  FINANCIAL  STATEMENTS  (CONTINUED)
Year Ended September 30, 2018
Note 3 - Deposits and Investments (Continued): Investments (Continued):
Interest Rate Risk:

general  investment  policy  is to  apply the  prudent-person  rule:   '1p�estments  are  made  as  a

The  District's  investment policy does not specifically address  intemst rate  risk;  however, the

its exposure to declines in fair values by investi	primaffl_y rn pooled inve�&□ts that have a

pinrcuodmenet, prersernvewocualpditabel, aenxdpeinctgeednteoraalc, ta, vwoitidh sdpiseccrueltaiotivnea-inn✓ pve1nsJtemlleign9Qts.ceJ�lteto, Dseisetkricrtemasaonnaagbeles weighted average maturity of less than three months.
Note 4 - Capital Assets:
Capital asset activity for the year ended September 30,

Governmental ActMties:
Capital Assets Not Being Depreciated: Land and land im prowments

-�,�la;,nnce1ng_
$

�ductions

-	$	-

Ending Balance

$ 6,987,855

Infrastructure under construoll'o9--	 18,97Q,5�3	1 8,970,523 

Storm water management	5,03'5;672	5,035,672	
Roadwa�	15,414,581	15,414,581	
Electrical, cpmmunk:(ltion� and T�htihg Reci:eatj_oi'l and amenitl	879,988
 	41 9,684		879,988
41 9,684 	
�I capital assets being (\epreciated	21 ,749,925	21 ,749,925	

Total capital assets noU:>eipg depreciated	25,958;�76\ Capital Assets Being DeP(ec'iated:

25,958,378

Less kcisqiulated Depreciallon;for:
Stormwater�ahc1,gemerrt	(1 ,506,587)
Roadwa�	(4,1 1 0,453)
Electrical, comm	i�ti"ons and lighting	(392,064)

(167,856)
(513,819)
(43,999)

(1 ,674,443)
(4,624,272)
(436,063)

Recreation and amenities	 	(1 88,342)	(20,984)	(209,326) 
Total accum ulated depreciation	 (6,1 97,446)	(746,658)	(6,944, 1 04)
Total capital assets being depreciated, net  15,552,479	(746,658)	14,805,821 

Gowrnmental activities capital assets, net	$41 ,51 0,857	$

(746,658) $	-

$40,764,199

eDnevpirroecnimateionnt aenxdpceunlstuerewaansd crehcarregaetdionin, rethsepeacmtivoeulynt. s  of  $725,674  and  $20,984  to  physical
22

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
Year Ended September 30, 2018 

Note 5 - Long-Term Liabilities:
Series 2004 Special Assessment Revenue Bonds:
In September 2004, the District issued $59,960,000 of Special Assess'it\ent Revenue Bonds Series 2004 consisting of Term Bonds Series due on May 1, 2036 wftl},a fixed interest rate of 6.25%. Interest is due semiannually on each May 1 and Novembet 1� Principal on the Bonds is due annually commencing May 1, 2008 through May 1, 20�. l"<1 e'Bonds were issued to
pay offthe Bond Anticipation Notes issued on October 31 , 2�}or $ 17._81'5,000 and to finance the acquisition and construction of certain improvements fot �he benefit o�he,-District. During a
prior fiscal year, these Bonds were Trifurcated into three{q)-separate Bond �r�i	(see below).

9

On  August 21 ,  2012,  the  Series 2004  Bonds w�. T'rifurcated ,...ir,ito  three  (3)  separate  Bond Series.  As a result of the Trifurcation, $1 0,000 of._th'e, bonds'W�r'e cancelled and the matured principal amount of $1,745,000 was amortized oveNt,e, rem ining bond term . The remaining outstanding  Series 2004  Bonds with  a  principal  b�nce of $57,560,000 exchanged for;

�

$1 6,905,000 in principal amount of tl�e- Qi�trict's Seri� �-04-1 , $40,405,000 in principal amount of the District's Series 2004-2, ai,d $250 ,Q00 in prtqc�I amount (paid in November 2012) of the District's Series 2004-3 (c   ectively, .,!he"' "Series 2Q_0,4  Bonds").   The Series 2004 Bonds are due May 1, 2036 with a fixed i e�est ra� pf�25%v

�

The  Series  2004  Bonds �  �bjec;:t to  re�mption  at the  option  of the  District  prior to their maturity. The Bonds af�-also st-iblect to raordinary mandatory redemption prior to their maturity in the mannef getermined bt the Bon� Indenture.
The Bond lndenture 'f�quires -th�UM �rictlt-raintain adequate funds in a reserve account to meet the debt service �S�$'' requirementsfor the  Series 2004A-1  Bonds,  as defined  in the Indenture. 1118 l'equiremeiv: was met at September 30, 2018.

�

The E369cf lndenture.s\�ertaln r��trictions and requirements relating  principally to the use of pr eQs to pay for the infrastructure improvements and the procedures to be followed by the DistMGt dn assessments lo property owners. The District agreed to levy special assessments in annual �mo.unts adeq�� to provide payment of debt service and to meet the reserve requirement5: The w.iii 'cjpal of and interest on the Series 2004 Special Assessment Revenue
Bonds issued under �e Indenture are secured by all revenues received by the District from
Series 2004  a�es�ments  levied  and  collected  on the  District lands  benefited  by the  project. The District is notlfl compliance with the requirements of the Bond Indenture.
As of September 30, 2018, total principal and interest remaining on the Series 2004-1 Special Assessment Revenue Bonds was $24,460,312. Principal and Interest paid on the Series 2004-1 Bonds in the current year was $1 ,347, 1 88. Total special assessment revenue pledged for the year was $1 ,367,402.

23

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS (CONTINUE D}
Year Ended September 30, 2018

Note 5 - Long-Term Liabilities (Continued):
Series 2015 Special Assessment Refunding and Improvement Bonds:
In April 201 5, the District issued $4,285,000 of Special AssessW1ent Refunding and Improvement Bonds Series 201 5 consisting of $550,000 Term Bond$ �ries due on May 1, 201 9 with a fixed interest rate of 3.5%, $995,000 Term Bonds Series �ue on May 1, 2025 with a fixed interest rate of 4.25%, and $2,740,000 Term Bonds Series QUe,on May 1, 2036 with a
fixed interest rate of 5.0%. Interest is due semiannually op "e�ch �ay· 1 and November 1. 
Principal on the Bonds is due annually commencing May ,1, "20'1 6 through May 1, 2036. The Bonds were issued to acquire a portion of the Assessment foea Two - Ph�e 'Qne Project and pay certain bond issuance costs.
The Series 201 5 Bonds are subject to redempt4?n at the qpt1qrr of the District prior to their maturity. The Bonds are also subject to extraordtna� rnanpatory redemption prior to their maturity in the manner determined by the Bond lnden�e:
The Bond Indenture requires that the �istQctmaintain ade ate funds in a reserve account to meet  the  debt  service  reserve  requir�ents --4i'the. Series    0)5  Bonds,  as  defined  in  the Indenture. The requirement was met at eptember3(1 .20U3.

e,

The Bond Indenture has certfflff restrictions a'r-ftj,,, requirements relating principally to the use of proceeds to pay for the mfi:astr□qur.e improvpments and the procedures to be followed by the District on assessmer;its t0' properfy' qwners. T. District agreed to levy special assessments in annual amounts ?dequate to pfo,�lde paym�nt) of debt service and to meet the reserve requirements. The win'Gipal of1irJQ iQ!erestun Jhe Series 2015 Special Assessment Refunding and Improvement Boncts lssti�· under the -1-Adenture are secured by all revenues received by the District fmm Series 2Q1 S<assessments levied and collected on the District lands benefited by the pr.dje,pt  � bistrict1s_ in"compliance with the requirements of the Bond Indenture.
As,4 September 30, 2P1\8, total �tincipal and interest remaining on the Series 201 5 Special Ass�tnent Refunding lm�  Improvement Bonds was $5,930,325.   Principal and Interest paid in the �rreot year was $3�9.263. Total special assessment revenue pledged for the year was
$335,548.

24

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS {CONTINUED}
Year Ended September 30, 2018 

Note 5 - Long-Term Liabilities (Continued):

In May 201 6, the District issued $8,500,000 of Special Assessment· Bonds, Series 2016 

Series 201 6 Special A sessment Bonds:

due annually   ommencing November 1 , 201 7 through May ·1 ,'2046.  The�onds were issued to

of 3.625%,  $1 ,51 0,000  Term  Bonds Series due on  May  1 ,  2028 _wlttJ, a  fixed  interest  rate of

consisting of $590,000 Term Bonds Series due on November 1 , 2020 -With' a fixed interest rate 45..307%5.%In, taenrdes$t 6is,4d0u0e,0s0e0mTiaenrmnuaBlolynodns eSaecrhiesMdauye1 oanndMNayov1�,mt>20�4tr 1_vvft. -Ptnl �a  fiipxaedl oinnttehresBtornadtes oisf

and pay certain bond issuance costs.

TmhaetuSriteyr.iesTh2e01B6oBndosndasrearaelssoubsjuebcjtectot  troedeextmrpatf!>o�n naatrythemaonptf¢aotJ:lo'>royf rtehdeemDipsttiroicnt'prriior to their

finance the acquisition a nd construction of certain imprO'#eJ.11ents for the  �nefit of the  District

TmhaetuBriotyndin Itnhdeemntaunrenerreqdeutireersmtinheadt tbhye tDheJstr.Bioctndmlanidnetanin rae�:  quate funds  in  a reserve account to

mIndeetnttuhree. dTehbet  rseeqrvuiicremreenstewrvaes rmeqeut iar�t m•. e�.i?t"semfor.be(th3e0r-2Se0r1i�8.

2016 Bonds, as defined in the

proceeds to pay for the  infrastruct�re imp� verli�ts and  the procedures to be followed by the

The  Bond  Indenture   as certain restrictio  s ·�nd �ciirem.ijpt5' relating principally to the use of

annual  amounts  adeqt!u�tl to  provlde  pay�ent  of  debt  service  and  to  meet  the  reserve

District on assessments ttt"P,ro�'owners.  The District agreed to levy special assessm  nts in

in �e current year wa� $733,51LI-. Total special assessment revenue pledged for the year

and  I mprovement Bpn'ds issued  uncleFthe- lnd01'1ture are secured by all  revenues received by

requirements.  The,l"micipal of anti jhterest on , he, Series 201 6 Special Assessment R   un  ing tbhyethDeisptrriocjtefcrlomTSoeerDi9is'ltfiGt20ji6sJ/ah�csoemsspmliaennctse Jwevitihedtheanrdeqcuoirllemctendtsonoftthhee DBiostnrdictInladnednsturbee.nefited AssoefssStynp,tenetmRbeefur n'3dq_,i�2.Qan18d, ll'Q_tm pral.p' i;>¥Srinmceipnatl Baonnddsintwearess$t 1r5e,m48a8in,3in3g2o. nInttheereSsteraiends 2p0rin1 c6ipSapl epcaiiadl

cInonJsuislytin2g0o1f7$, 7'4h2§e 'qrstrict  issued  $7,945,000  of  Special  Assessment  Bonds,  Series  201 7

ended,September 30, 201 8: was $556,468.

2	$2,550,0 0 Term Bonds Series due on November 1 , 2038 with a fixed interest rate of

of 3.5%, $1 ,065,00.,000T0eTrmermBoBnodnsdSseSriesiedsueduoenoNnoNvoevmebmebr e1r, 21 0, 2802w2itwh itahfaixefidxeindteinrteesrtesratteratoef

issued to finance the acquisit n and construction of certain improvements for the benefit of the

of 5.0%. Interest is due semiannually on each May 1 and November 1 . Principal on the Bonds

4.75%, and $3,605,000 Term Bonds Series due on November 1 , 2047 with a fixed interest rate is due annually commencing November 1 , 20 1 7 through November 1 , 2047.  The Bonds were
District and pay certain bond issuance costs.

maturity in the manner determined by the Bond Indenture.

TmhaetuSriteyr.iesTh2e01B7oBndosndasrearaelssoubsjuebcjtectot troedeexmtrpatoiordninaatrythemaonpdtiaotnoroyf rtehdeemDipsttiroicnt prriior to theiir
25

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES  TO  FINANCIAL  STATEMENTS (CONTINU ED)
Year Ended September 30, 2018

Note 5 - Long-Term Liabilities (Continued}:
Series 2017 Special Assessment Bonds (Continued):
The Bond Indenture requires that the District maintain adequate fundslg,-a reserve account to meet the debt service reserve requirements for the Series 2017 l3pnds, as defined in the Indenture. The requirement was met at September 30, 2018.

&e,

annual  amounts  adequate  to  provide  payment  of "d,t>.

t service and to m"e@ t the reserve

The Bond Indenture has certain restrictions and requiremen �lating rihcipally to the use of proceeds to pay for the infrastructure improvements and !H'e) procedures iQ followed by the District on assessments to property �wners.  The Distriat. ''agreed_to levy spe� as�essments in
requirements.   The  principal  of and  interest on u<e.Series 29-11· ,Special Assessment Bonds
issued under the Indenture are secured by all r�enues reeeiyed by the District from Series 2017 assessments levied and collected on the Dist(ic'Hafi<js benefited by the project. The District is in compliance with the requirements of the B()f\d l111denture.

�

--	,

As of September 30, 2018, total princlpa1,--QQ,a ·interest remat_nillQ on the  Series 2017 Special Assessment Refunding and lmprovemel\t Bonas�s $-tS,01 7,1¥2. Interest paid in the current year was $280,043.   There was  no  pri    ip;,ll  paid ,in � ca_r,rent year.    Special  assessment revenue pledged for the year ended Septe �r19� '2018 was $51 7,626.
Long-term debt activityi6�.the ye · ended September 30, 2018 was as follows:
Ending	Due Within
Adcf!Jions	Reductions	Balance	One Year
Gover.nmental act�s:
a6h�b�,

�14';835,000	$	$ (420,000)	$14,415,000	$ 445,000	
'4"920,000	(140,000)	3,880,000	1 45,000	
8,500,000	(330,000)	8,1 70,000	1 45,000	
(3,478)	121 	(3,357)		
7,945,000		7,945,000	1 35,000	
$35,296,522	$	$ (889,879)	$34,406,643	$ 870,000	

�enes 2004
Series 2015
Series 2016 Bond discount
�ri'es,2017
Go�rtie,ntal d1.1J.yfong-
term llt\bilities

26

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES TO FINANCIAL STATEMENTS {CONTINUED)
Year Ended September 30, 2018
Note 5 - Long-Term Liabilities (Continued):
Aast fSoellpotwesm: ber 30, 2018, the scheduled debt service requirements on the bonds payable were
 	Governmental Activities	
Year Ending
September 30,	 	Principal	 	ln»r,       s    t	
2019	$	870,000	.$, "1', 854,697
2020	915,000	1,81 1,650
2021	960,009	1, 765,072

2023	1,0�:.	,/., ,6_2, ,344	
2024 - 2028	6,265,0	1, 383,694	
2029 - 2033	8,265,000	5,425,232	
2034 - 2038	7,435,000	2, 872, 100	
2039 - 2043	�Err5JOOO_	1,&1p,987	

2022	1,01 0A19,	1,,715,450

2044 - 2047	3,941),QQO	85,375
$� :¼,tiU;000     l  ·26,486,601

Developer and Ma1or Landown ·rs;

Gover:rf�ent Wide �naial sta�m��ts.

TinhperiPor oye'ar Dr,sev.e�lapertlannpda"Q'.'id 1'5ajosreslasnmdoewntnserhsavinethneotDbiseternictrefaciolegdntizoepdaaysthrevireansuseesi nsmtheentFsuonwd eodr

their failure to pay..debt service and operating and maintenance assessments owed.   In a prior

oInf ade-Qbrlfbi:eyrveiacre, tahnedDoipsterri atifir;tlgedaandfomreacinlotesunraencaectaiosnseasgsaminesnt ttsheowPerido.r Developer for nonpayment LInLCfisacanldyFeoar:ur2th0tO0O, atttefte,,,,rDPisrtoripcet rtfiilesd LfoVrIeIIc, loLLsuCr,emaacjtoiornlasnadgoawinnsetrsFowuirtthhinQthuearDteisrtPricrot,pbeertcieasusLeVoI If, 

District  owned  by  Fourth  Quarter  Properties  LVI I  through  a  foreclosure  sale.	This  land

year, RWest Holdings, LLC, a Special Purpose Entity (SPE), was awarded the land within the

the Truste ,	behalf of th  B	dholders, to ow , m	age and dispose of the property and is

represents approximately 21 % of assessable lots within the District. The SPE was formed by responsible for funding current operating and maintenance costs.

27

REUNION WEST COMMUNITY DEVELOPMENT DISTRICT
NOTES  TO  FINANCIAL  STATEMENTS  (CONTINUED)
Year Ended September 30, 201 8

Note 6 - Related Party Transactions (Continued):
Developer and Major Landowners (Continued):

temporarily defer collection of the debt service assessments on the.S'P�"-owned property.  The

the land within the District owned by Fourth Quarter Properties  :\/)11,   L�-b!�presenting 31 % of

In a prior year, the District transferred land valued at $�,.a'ip;502 to Reunion 'A{est-.J , LLC.

As a  result of the forecl  sure  and  settlement   gr	ment,  the Trustee "tflpecte    the  District to Bondholders purchased tax certificates and took ownership through the tax deed process tarsasnessfesrarebdle itlsotasssweittshitno tRheunDioisntrWicte. st DI,uLrLinCg aandproepveiorautsieflfi?�foIr, RyeWaer,s�t 'H(>weli!sitr:igHso, lLdLinCgse,ndLeLdC.

settle	agreement.  The SPE was Mnned ,bY r the D1smet, -on behalf of the Bondholders, to

and  maintenance  assessments  owed.	Reun ion  �sf SP�,  LLC,  a  Special  Purpose  Entity

own , manage and dispose of the prop¥Y,"SQQ is- esponsible,foMunding current operating and

LInLCa , pDreevvioeluospefirsscawl ityheinart,hteheDiDstisritcritc, tbfeilceadufsoereocfl�t�,�rir�'f,a·aiclutiroenl6s apga�yindset bLtRsAervRieceun1aonnd Booprerroawtienrg, (SPE),  obtained the land within the District owned  by �,�eunion  Borrower,  LLC through a

amnadindtebnat nacsesecsossmtse.ntDsuoenttohitsheprfooprertclyosw\l�res, $aantais-tf-heiet:!1pte,

vjous s ttt�ment, the outstanding O&M

uFnoirt tohfethfeiscDaisl tyreicat.r ended ..Sepie{Tlb�r 30, 2°':1 8,,there were no SPE's considered a component
3In2t%heocfutorrenst�yeca�r, aspses�essi'Q1asen.s-e.tsrsemvenut ere. venue from the Developers was $1 ,256,990, which is

. � year end, Reunion West owed Reunion East $136,330 for reimbursement of

costs.   �es� shared to¢ts  are  allocated  based  on  the  platted  number  of  units  (which  is

The �trict  ha    an  lnterlo,cal  Agreement with  Reunion  East,  to  share  certai n  maintenance anjdus6t0e%d ftrn.(llo R'�Yuenair<imtolf-ya�str.), Mreossutltoinfgthiens4e0c%osotsf tahree cpoasitds bcyurRreenutnlyioanlloEcaastteadntdo rReeimunbiuornseWd ebsyt Reunion West's sliare of expenses.
Note 7 - Risk Management:

commercial insurance from ind pendent third parties. Settled claims from these risks have not

TdehsetruDcistitorinctofisasesxeptoss; errotros avnadriooums isrsisioksnso; fanlodsnsatreurlaatleddistaostteorrts.s;Tthheesfte orifs,kdsaamreagcoevteore, danbdy exceeded commercial insurance coverage since inception of the District.

28

1LCDIRMIT Ill DAVIS

_r
CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS

INDEPENDENT AUDITOR'S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORD. NCE
WITH GOVERNMENT AUDITING STANDARDS

TRoeuthneioBnoWaredstofCSoumpmeurvnisitoyrDs evelopment District

issued our report thereon dated ___, _�l�,

District (the "District") as of and f	the ye�f'-ended Septemb&.( 3(l, 201 8 a n d the related	tes to

of America  and  the  standards  applicable to financial audits  ce:,ntafned  in  Government Auditing

We have audited, in accordance with auditing stanqatds, generalJf"Eipcepted i n the   ·nited States tShteangdoavredrsnmisesnuteadl abcytitvhiteieCs oamndpteroalclehr mGaejnoer rfaulnodfotfhtehet:IQRit&11�n'SibJnatWese,stthCeofminmanucniaityl sDtaetveemloepnmtsenoft the financial statements, which collectively oo�n'§'e-the Distri� fiqancial statements and  have

iInteprlnaanlncinogntaronldovpeerrffoinramfii<Q;�tal,oruerpoarutic11mg/qf'inttheernfai l �htrol") to determine the audit procedures that

Internal Control Over Financial Reporting

rtcial statements, we considered the District's

astraeteampepnrotsp,riabtuet inotth�focr i�rchuem, _P.s.idttanppcesse�of -ex.theP.@S. purpsincigseaonf oepxipnrieosnsiongn  othpeinieoffnesctiovnetnheessfinoafncthiael

Amadneafi�citlrimegyr,tinorinetemrnpalolyceqntr, o-ilnexthi'Sl5e ·,nworhmeanl tcheoudrseesigonf oprerofopermraintigonthoefira acsosnitgrnoel ddofeusncntoiotnasl,lotwo

District's iinteJr.rfalnal�_@[lcontrotrolL"

Aqc6r.c:ifngly, we do not express an opinion on the effectiveness of the

dperefviceiennt,cy'1il!",   ciect-teccot mabnidnactoi nnreocptf dmeifsicsiteantecmieesn, tisn  oinntearnatilmceolyntrboal ssiusc. h Athamtattheerriael isweaarkenaessosnaisblae

important enough to merit attention by those charged with governance.

or  detected  an   �tr�d  on  a  timely  basis.	A  significant deficiency is  a  deficiency,  or  a

possibility that� materia V�isstatement of the entity's financial statements will not be prevented, combination of defi�cies,  in  internal control that is  less severe than a material weakness, yet

internal control over financial reporting that we co sider to be a material weaknesses. However,

in int  rnal  control over financi	reporting that m ig ht be material w aknesses or sig nificant

dOeusrcrciboendsidinertahetiofnirsot fpainrategrrnaaplh coofntthriosl soevcetironfinaanndcwiaal srenpoot rdtiensgigwneads tfooirdethnetifylimalliteddeficpiuernpcoieses deficiencies. Given these limitations, during our audit, we did not identify a ny deficiencies in
material weaknesses may exist that have not been identified.
McrnRMIT DAv1s & CoMPANY, LLC
934 NORTH MAGNOLIA AVENUE, SUITE I 00 ORLANDO, FLOR1DA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

29

MEMBERS: PRJVATE COMPANIES PRACTICE SECTION AMERICAN lNSTllVTE OF CERTiflED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTJFIEDPUBLIC ACCOUNTANTS

Compliance and Other Matters

of noncompliance or other matters that are required to be reported under !3overnment Auditing

providing an opi nion on compliance with those provision was n t an objective of our audit and,

laws,  regulations,  contracts,  and  grant  agreements,  noncompliance  wi	which  could  h ave  a

fAresepfarrtomofmoabtteariniailngmirsesatastoenmabelnet,awsseupraenrfcoermaebdoutteswtsheotfhietsr tchoemDpilsiatrnice'swfiitnhancceiratal isntaptreomviesniotsnsaoref direct and material effect on the determination of financial statement a mounts. However; accordingly, we do not express such an opinion. The results of our tests disclosed no instances
Standards.

Tcohme ppliuarnpcoeseanodf tthes rreespuoltrts iosfstohaletlytetsotindge,sacrnibdentohtetoscporopveidofff '�o(in·�otpeisntioinng onf1--tnhteehernffael cctiovnetnroelssanodf

Purpose of this Report

tpheerfoDrmisterdict'isn iantcecronradlancocentrwolithor GoonvecrnommpelniatnAceu.ditiTnghis--S�.

hw,dartrdiss  ainn  cinotnesgidraelr_pinsar!tt,oef  aDnistariucdt'sit

pinuterpronasel c. ontrol and compliance.   Accordingly, this a6!llrhunicatiotf is not suitable 'for any other

OrlandoJ  F,lo2r0id1�a

30

DAVISMCDIRMIT Ill

CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS

MANAGEMENT COMMENTS

RBoeaurndioonf SWuepsetrvCiosmorms unity Development District
Report on the Financial Statements

our report thereon dated ,	, 2019.

WDiestrihcat,v{etheau"dDitisetdrictth")easfinoafnacniadl fosrtJa_t,te�mJiesnctasl yoefatrheendReeduSneiopnt   .. 0'e�r 3'Gf!0, tnm1�un. iatyndDheavveeloipsmsueendt
Auditor's Responsibility

Standards, issu	by the Comptroller General of the Unite-GI States and Chapter 10. 550, Rules of

WStaetecsonodfuAcmteedriocuar;  tahuedsittainndaacrcdosrdaapnpcleicawbitleh taoufdinitainnicr�iatla�'nudcalirds90/gpntnaeinraeldlyinacGceopvteerndminenthteAuUdniittiengd the Auditor General.
Other Reporting Requirements

and Compliance and Other ,MfJtt	Based o an· Audit of Financial Statements Performed in

General.   Disclosures in	o'se r-6e,orts, wt-liGll _§f,e7dated .	,  26:fij, should  be  considered  in

regarding  compliance {equiremen:ts  iA  aeooAr-0I.aCn��\ P\vroithfesCshioanpatel rS1ta0n.5d5a0rd, sR, uAleTs-CofStehcetioAnud3i1to5r,

We  have issued our  Independent -Auditor's  �port  on  l nterna , Control  over Financial  Reporting Aexcacmoridnaanticoen wcoitnhdGucotveedrnrihm/ tJaqctc·oAruddaint.,eeg,/·wSittahndaf<;!s'.and Independent Accountant's  Report  on  an
conjunction with this manag�el)t letter.
Prior Audi(F;ndings

i	u'al. fin	ial   u�it report.  There were no findings or recommendations made in the

cSoercretioctiv1e0ta5cti54p(n1s)(i.h)a1 v. ,eRubt  sn'.p1 ftatkhenAtuoditaodrdGreesnserfainl,drinegqsuiraensdthraetcwome mdeetnedrmatiinoenswhmeatdher ionr tnhoet preceding ann	lfit:1ancia1 �tidit report.

lSeegcatlioanut1h0o.r5it5y4f(o1 r)(ti)h4e., pRruimleasryofgothveerAnmudeitnotraGnednearaclh,  rceoqmuipreosnetnhtatutnhiteonfatmhee roerporfiticnigal etnittleityabned

Official Title and LeQ_al'Authority

Tdihsicsloinsfeodrminattiohnishmasanbaegeenmdeisnctlolseettderi,n uthnelensostedsistcolotshe fininanthceial nsotatetesmtoentthse.

financial statements.

McmRMIT DAv1s	COMPANY,

&	LLC
934 NORTH MAGNOLIA AVENUE, SUITE I00 ORLANDO, FLORIDA 32803
TELEPHONE: 407-843-5406 FAX:  407-649-9339  EMAIL: INFO@MCDIRMITDAVIS.COM

31

MEMBERS: PRIVATE COMPANIES PRACTJCE SECTION AMERICAN lNSTITIJTE OF CERTIFIED PUBLIC ACCOUNTANTS Fl.OR.JOA INSTITUTE OF CERTJFIED PUBLIC ACCOUNTANTS

Financial Condition and Management
Sapepcrtoiopnria1te0.5p5ro4c(e1d)(ui)r5e.sa.anadndcom1 0m.5u5n6ic(7a)te,

tRhueleressuolftstohef oAuruddeittoerrmGineanteioranl ,asretoquwirheesthuesr otronoatptphley

and to identify of the specific condition(s) met. In connection with our audit, we determined that

District has met one or more of the conditions des ibed in Section 21 8.503(1 ), Florida Statu es, the District did not meet any of the conditions described in Section 21 8.503(1 ), Florida Statutes.

same.

monito th District financial condition, and our financial condition sse	11Jent was based in part

fPinuarsnucaianltctondSietioctnioansse1 0ss.5m5e4n( 1t )p(ir)oSc.ce.daunreds 1f0o.r5t5h6e(8D),isRtruiclet.s Iot fisthme aAnuadgietorrrf�Gnet'snerreaslp, ownesiabpil iptylietod on  representations made by management and the review of fina	al fnformation provided by

Sreeccotmiomn e1n0d.a5t5io4n(s1 )t(oi)2i.m,

pRrouvlees fionaf ntchiael  mAaundaitogremGeennte. raInl, .eor�prntJejrcetsionthwatithwoeurco�mu'timi_t,unwiceatdeid annoyt

have any such recommendations.
Additional Matters

note any such findings.

have occurred, that have an	fect on the tna�ial- st�tements  :qahs less than m  terial but which

wSeitcth ipornov1i0s.io55n4s(o1 f)(ic)3on.,trRauctlessoorfgthraenAt uadgirteoemr Geenntesr,aol,rreaqbus· ,ee,stl:l�S \tohacvoemomcucnuircraetde,  noornacroemlipkleialyncteo warrants the attention of those charged wit   govema.(lclJ:-  In con�k>n with our audit, we did not

these specified -parties.

Committee,  member� /of. the  Florida  Sena!e  an�  }he  Florida  House  of  Representatives,  the

Purpose ofthis Letter Our	nage	nt l   ter is''ii}tended sol�ly for the informati  n and use of the  Legi   ative Auditing aFploprliidcabAleudmitaonraGgemneernat�, aF'ed,d'eisr1tpal /ta!}dinten.tdhecfr tgora--b,rye,tlahngdasgheonuclidesn,ot bee BuoseadrdboyfaSnyuopneervoistohresr, tahannd
1$!Uu:ni:t �& ¢em/JCWfLLl
Orlando.!._F,,lo2r0id1�a

32

CDIRMIT Ill DAVIS
CERTIFIED PUBLIC ACCOUNTANTS AND ADVISORS

INDEPENDENT ACCOUNTANT'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 21 8.415, FLORIDA SJ�UTES

Board of Supervisors
Reunion West Community Development District

We  have examined  Reunion  West Community Dev,efo�{!ment Dis�s (the  "District") compliance
with the requirements of Section 21 8.41 5,  Florida St	��. duri9ng ttie year ended September 30,
2018.  Management  is  responsible  for  the  District's  c	p�lian	' with  those  requirements.  Our
responsibility is to express an opinion on the District's compl ntte based on our examination.
Our  examination  was  conducted  in  accOfda�  With. attestati8(1  st_andards  established  by  the
American  Institute  of Certified  Public  Acc�r\itants -er.id- the�s�tan-aards  applicable  to  attestation
engagements contained  in  Government Auc11f!ng �Starid,ards	s	d by the Comptroller General of
the  United  States  and,  accord�in§�ly-....  includea  e	hiing,  on  13  test  basis,  evidence  about  the
District's  compliance with tbd e	quirements aAd performing  such  other procedures as we
considered   necessary   inq 11Je'  circumslances.   W�   believe  that  our  examination   provides  a

�

reasonable basis for our' District's compliance

pfnion. 0	�xaminatio does not provide a legal d etermination on the specified ,equiremerus.

(:	�

In our opinion, th� Qistrict CG{TlpU�d. in all material respects, with the aforementioned requirements for the year ende_g S ptember O. 201 8.

Orlando, Florida
, 201�

McmRMIT DAVIS & COMPANY, LLC 934 NORTH MAGNOLIA AVENUE, SUITE I 00 ORLANDO, FLORIDA 32803 TELEPHONE:  407-843-5406 FAX:  407-649-9339 EMAIL: INFO@MCDIRMITDAVJS.COM

MEMBERS: PRIVATE COMPANIES PRACTICE SECTION AMERICAN lNSTJTUTE OF CERTlFIED PUBUC ACCOUNTANTS FLORIDA lNSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS
33

MCDIRMTT Ill DAVIS
CERTIFIED PUBLICACCOUNTANTS AND ADVISORS

TRoeuthneioBnoWaredstofCSomupmeurvnisitoyrDs evelopment District

thereo	dated	, 201 9.	Professional standards require that	e advise you of the

W(thee h"aDvisetraicut"d)itaesd otfheanfdinafonrcitahlestyaetaermeenndtsedofSRepetuenmiobnerW3e0s, t2C0o1 8m,munni h avevieslsoupemdeonut rDriesptroicrt following matters relating to our audit.
Our Responsibility in Relation to the Financial Statement �udit

nanc   l statements that have been prepar  d by mana�rrrent   · ith your ov	sight a r   p resen   d

fairly,  in all material respects , in  accordance with accountinq pr;inciples generally accepted in the

Adessccroibmemd ubnyicpartoefdesisnioonuarl  setnagnadgaerdmse, nist  tleottfeorrmdaate�d  �uj-guess 1a�11, "'oJp0in1i7o,n(osu) rabreosuptownhseibtihliteyr, thaes

UmnainteadgeSmtaetnetsofoyfoAurmresicpaec. tivOe urresapuodnist ioilittiehes.

financial state ents does not relieve you or

Wouer paroef�al sional judgme

Wcoemmcoundicuacteteddtooyuor.u.audit   consistent   with   the   planned   scope   and   timing   we   previously

McmRMIT DAVIS & CoMPANY, LLC
934 NORTHMAGNOLIAAVENUE, SUITE 100 ORLANDO, FLORIDA 32803
TELEPHONE:  407-843-5406 FAX:   407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

1

MEMBERS: PRIVATE COMPA..."JIES PRACTICE SECTION AMERICAN INSTIT� OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

Compliance with All Ethics Requirements Regarding Independence
The engagement team, others in our firm, as appropriate, and our firm has complied with all relevant ethical requirements regarding independence.
Qualitative Aspects of the Entity's Significant Accounting Practices
Significant Accounting Policies

�	_

�

Management has the responsibility to select and use appropriate a�nting policies. A summary of the significant accounting policies adopted by the Distri i ncluded in Note 1 to the financial statements. There have been no in itial selections o accounting policies and no changes in significant accounting policies or their application	018. No matters have come to our attention that would  require  us,  under profession     ""tandarcl$,      inform you about
the methods used to account for sign ificant unusual transactions and ( ) the effect of significant accounting  policies  in  controversial  or emerg·      areas for which �is  a  lack  of authoritative guidance or consensus.	�
Significant Accounting Estimates

Certain financial statement disclosures i nvolve significant judgment and are particularly sensitive because of their significance to financial statement users.
The most sensitive disclosures affecting the financial statements were: The disclosures of related party transactions in Note 6.
Significant Difficulties Encountered during the Audit
We encountered no significant difficulties in dealing with management relating to the performance of the audit.

2

Uncorrected and Corrected Misstatements

prior periods on  the relevant classes of transactions,  account balances or disclosures,  and the

and   communicate  them  to  the  appropriate   level  of  manag  m  nt.	Further,   professional

aFnodr pliukreplyosmeisssotfattheims ecnotms miduennitcifaietidond,uprrinogfetshseioanuadl ist,taontdhaerrdtsharenqtuhioreseusthtaot awcecubmeluielavtee aarlel ktnriovwianl, standards require us to also communicate the effect of uncorrected misstatements related to

misstatements.

financial statements as a whole and each applicable opinion unit. There were no identified
Disagreements with Management

or auditing matter, which could be significant to the Di  trict's  mancial statem	e auditor's

Fmoarttpeur,rpwohseetsheorf tohrisnoletttres,oplvroefdestosiouar lssattaisnfdaactridosnd, ecfoi ncearndinisga<l!llgr.�eeanecQCwial ai�th omuanntiangge, mreepnotrtainsga, report. No such disagreements arose during the course o t e audit.	� Representations Requested from Management
Watteachhaevde leretqteuredsateteddcertain written, r2e0p1re9s. entations fro

there were no

should not be	by apyo . e other than these specified parties.

Tmhaisnargeepmer,itsointReenudneidonsWol_eelsyt fCoor mthmeuninitfyorDmeavteiolnopamnedntusDeistorifctthaendBiosanrdotoinftSenudpeedrvtisoobrse aand
1}/,c/JJ,,mi,t � & �CVUf LLl
_Orlando, Flor, id2a01 9

3

SECTION V

S ECTl·ON C

SECTION 1

Reunion West
Community Development District
Summary of Check Register
February 1, 2019 to February 28, 2019

I

Fund
General Fund

Payroll

Date
2/5/19
2/7/19
2/14/19
2/17/19
2/26/19

February 2019 David Burman Deborah Musser John Chiste Mark Greenstein

Check No.'s
1406
1407
1408
1409-1412
1413-1414

50428
50429
50430
50431

Amount
$	132.00
$	7,328.30
$	395.88
$	99,676.09
$	6,271.76
$	113,804.03

$	184.70
$	184.70
$	184.70
$	184.70

$	738.80

$	n4,s42.s3 I

BANK A GENERAL FUND

A*P*3*0C0RHECK  DATES   02/01/2019   -   02/28/201Y9EA*R* *-TO-DATERAEUCCNOIOUNTWS EPSATY-AGEBNLERAPRLEFPUANID/COMPUTER  CHECK  REGISTER	RUN	3/03/19	PAGE	1

CHDAECTKE

VEND#	• . D• A. T. EINVOINCEVO• I. C• E• •   • Y• R• EMXOPENOPSTEDATCCOT.#. . SUB	SUBCLASS

VENDOR NAME	STATUS

AMOUNT	• • . • CHECK • • • • • 
AMOUNT	#

2/05/19 00035 

1/31/19   1A7Q5U1A3T8 IC  P2L0A1N9T01MG3M2T0 -J5A3N8 0190-47000 
1/31/19   1A7Q5U1A3T8 IC  P2L0A1N9T01MG3M0T0 -J1A3N1 01 90-10100 

*	58 . 08
*	73 .92

2/01/19 436 

APPLIED AQUATIC MANAGEMENT , INC .

*	- - -  -  -  -  -  -  - - - -1-32 -. 0 -0   001406 

2/07/19 00020 

2/01/19   4M3A6NAGEMEN2T0 1F9E02ES-3F1E0B-1591300-34000 

201902 310-513 00-35100 

2/01/19   4 I3N6FORMATI2O0N1 9T0E2CH3-1F0E-B5 1300-31300 
2/01/19   4D3 6ISSEMINA2 0TI1O9 N0 -2FE3B1 01 -9 51300-51000 
2/01/19   4O3F6FICE  SU2 P0P1 L9 0IE2 S310-51300-42000 

3, 689 . 50
*	183 . 33
*	625 . 00
*	15 .57
*	25.01 

2/01/19   4P3O6STAGE
2/01/19   4C3O6 PIES

201902 310-51300-42500 
201902 310-513 00-4 1000 

*	164 . 25
*	16 .31

2/01/19   4T3E7LEPHONE201902   320-53 800-12000 

*	2,609 .33

- - - - - - - - - - - - - - - - - -

-
2/14/19 00051 

FIELD MANAGEMENT-FEB19	GOVERNMENTAL MANAGEMENT SERVICES

- - - - - - -  -  - - -7-, 32-8-. 3-0   001407 
*	395 .88

2/06/19   2C1D6D1  MTG/C2O0O1R9D0 1. LAN3 1D0-S5W1A3 P00-31100 
-  -  - -  -  - - -  -  -  -  -  -  -  - -  -  -BO-YD  CIVIL  ENGINEERING

*	- -  -  -  -  -  - - -  - -  -3-95-. 88-

001408 

2/17/19 00031 

2/17/19   0F2Y1 71 29 0D1E9BT2 0S1E9R0V2   S3E0R02-020 47-0 01 -10000 
- -  -  -  -  -  - - - - - -  -  - -  - - -RE-UNION  WEST

C/0  U-SB-AN-K- - - - -  - -  -

49 ,093 .39
*	-  - - - -  -  - - - -  4-9 -, 0-93 -.3 -9   001409 

2/17/19 00031 

2/17/19   0F2Y1 71290D1E9BT2 0S1E9R0V2  S3E0R02-02105700-10400	C/

12 , 047 . 06
12 , 047 .06 001410 

- - - -  -  - -  - - - - - -  - - -  -  -R-EUNION  WEST

0  U-SB-AN-K 	*

- - - - - - - - - - - - - - -

2/17/19 00031 

2/17/19   0F2Y1 71 29 0D19EBT2 0S1E9R0V2   S3E0R0 -2 02 01 6700-10500 

19, 829 . 02
19 ,829.02 001411 

-  -  - - -  -  -  -  -  -  -  - - - - - - -RE-UNION  WEST  C/0  U-SB-AN-K 	*

- - - - - - - - - - - - - - -

2/17/19 00031 

2/26/19 00043 

2/17/19   0F2Y1 71 92 0D1E9BT2 0S1E9R0V2   S3E0R02-2001 700-10600 
-  -  -  - - - - - - - - -  -  - - - - -RE-UNION  WEST  C/0  U-SB-A-NK- - - - -  -  - -
2/21/19 84450	201901 310-51300-31500	*
EXPND ORD/INTERLOCAL/BOCC
REUW REUNION WEST	TVISCARRA

18, 706 . 62
- - - - -  -  - - - - -18-,7-06 -. 6-2   001412 1, 310 .41 

A* P* 3* 0C0RHECK  DATES  02/01/2019   -   02/28/201Y9EA*R-TO-DATERAECUCNOIUON  WSEPSAT-YGAEBNLERAPRLEPFAUNID  COMPUTER  CHECK  REGISTER	RUN	3/03/19 

PAGE	2

**	BANK A GENERAL FUND

CDHAECTKE	VEND#	. . D. A. T. EINVOIICNEVO• I• C• E• •   • Y. R. MEOXPEDNPSTEDATCOCT.#. . SUB	SUBCLASS 2/22/19   8R4E4V7 9. AGNDA2 0/L1A9N0D1   3SW1A0P- 5/T1R3A0C0T-31500 

VENDOR NAME	STATUS
*

AMOUNT
3, 523 . 99

AM. . O• U. NCTHECK• . #. . . 

2/26/19 00036 

LATHAM , SHUKER, EDEN & BEAUDINE , LLP

DUKE ENERGY #54 512 29301

1/31/19 DUKE-DUK 201812 3 2 0 -5 3 8	-43000	*

DUKE ENERGY #6 432 1-6 1 1 6 1

1/31/19 DUKE-DUK 20181 2	0  5 3 8 0 0 -43000	*
1/31/19 DUKE-DUK 201901 320-53800-43000	*
1/31/19  DDUUKKEE-DEUNKER2G0Y1 9#0514 53 21 20 -259338 0 01 -43000	*
1/31/19  TDOUHKOE-TOENHER2G0Y1 8#1 2643 2 01--563181 06 01-43 100	*
TOHO METER#4 9005514 DEC18	REUNION RESORT
TOTAL FOR BANK A
TOTAL FOR REGISTER

REUW REUNION WEST	TVISCARRA

156. 82
362 . 95
211 .44
444 . 13
262 . 02

11 3,804. 03
113, 804 . 03

4, 834 .40 001413 

1,437 .36 001414 

.   .
SECTION 2

•	•	•	•	•	•

Reunion West
Community Development District

Unaudited Financial Reporting
January 31 , 2019

Table of Contents

Balance Sheet

 	General Fund I ncome Statement

Replacement & Maintenance I ncome Statement

 	Debt Service Series 2004-1 Income Statement

Debt Service Series 2015 Income Statement

 	Debt Service Series 2016 I ncome Statement

 	Debt Service Series 2017 Income Statement

Capital Projects Series 2015 Income Statement

 	Capital Projects Series 2016 Income Statement

Capital Projects Series 2017 Income Statement

11-12 	Month to Month

13-14 	FY19 Assessment  Receipt Schedule

 	General	

Reunion West

January 31, 2019

COMMCOUMNIBTYINEDDEVBEALIAOPNMCEENSTHEDEISTTRICT

&RMepalaincteemnaenntce	SeDNebicte

ProJ!cts

Capital	(Memora2rdu019m Only)

CASH

MSW.

ISNEVREIESSTM20E0N4T-1S

ruSTAsT,EooBOvARanD OuFNATDMINISTRATION
Reserve

SERIES 2015

GReevenenruael Redemption
Reserve

$8$12,381645

$57,700	$870,013

$2,865

$1,2S6,008	$1,256,008

$385

$1$,606292,,304057	$1$,066292,,034075
$164,403	$164,403

CRoevnestnruuection

$265,731	$5

$265,7$315

PRreevpeanymueent

SERReIsEeSrv2e016
SECRoInEsStr2u0c1t7ion

$32731,,64296	$32731,64269

$1	$1

$1,984

$66	$66

Revenue

Reserve

CoPrenpstaryumcteiontn

$33585,327192

$602

$323585,,327192

$1,984

$7,260 

$602

DUE FROM OTHER

	TOTAL ASSETS
;	$847,247	$1,313,707	$3,362,723	$674	$5,524,351	
	UPNAIYOANBLEEAST	$11$86,,820160	$22,266			$14$06,,480081
$2,883	

DUCoEsFtRoOfMIssRuaEnUcNeION EAST

DDUEUE TTOO DREEVELOPER

ALICCABOILUITINETSS
FUND EQUITY·

$2$47,,286009	 		 		 	

$2,883

 	$24,80$09

ASSIGNED

FUND BALANCES:
RUENSATSRSICTIGNEDEDFOR DEBT SERVICE 2004-1

$719,348

$1,291,442	$1,691,737	$1$,721991,,4348

RRESTTRICTCTED FFOR DDEBT SERVIICE 20165

$63405,217365

$644350,213756

$1,691,737

T  ICT    F  R    PIT    P    J CT	6      	

$5

RESTTRRICTTED FOR CADEPBITTASLERPVRIOCEJECT20S172015 RESTRICTED FOR CAPITAL PROJECTS 2017

$595,576	$595,576
$6$0662	$6$0662

T&OTOATLHELRIACRBILEITDIIETSS& FUND EQUITY

$847,247

s1,313i701	$3,362,723	$674	$5,524,3S1

!!Mtil!lll.

Reunion West
COMMUNITY DEVELOPMENT DISl'RICT

General Fund

StatFeomrTehnetPoefrioRdeEvnedninugeJsan&uaEryx3p1e,n2d0i1t9ures
ADOPTED	PRORATED BUOOET	ACTUAL
BUDGET	THRU 1/31/19	THRU1/31/19	VARIANCE

Spedal Assessments• Dfrect

SpedalAssessment$ •TaxCollector	SS17,848	$399,621	$399,621	so

$3

SS36,999	S136,740	$192,863	$S6,123
Interest	$0	$0

$1,058,596	
$S37,610	
$592,799	
$SS,189	

$12,000
$918	
$4.000
$306	

S3,600	

$400	
SB.000	$2,667	$885	$1,782	

Miscellaneous Income	$3,749	$1.250	S31l
TOTAL REVENUES	I
EXP£NplTIJRES·
ADMINISTRATIVE•

$275

SupeJVisorFees
FICA
Engineering
Attorney	$17,000	$5,667	$10,150	{$4,483)

TDruisssetemeinfaetieon

$21,000

$4,863	so

Arbitrage cabectionAgent Property AppraiserFee

$7,500	$2,500	$2,7S0	($2SOJ
$2/100	$0	so	so
$7,500	$7,SOD	$7,SOO
ssoo	$SOD

Amual Aucfd:	$5,200	so	so	$0
Management Fees	$44,274	$14,758	$14,758	SD

$13

InformationTechnology	$2,20D

$1.000
$1,600	$333	$369	{$36)	
$9/100	$9,400	$8,540	$860	

Telephone	$300	$100
Postage
Printing & Binding Insurance

so
$87

$391

legalAdvertising	$1,500	$500	S688	($188)
OthercurrentCharges	S3SO	$117	S3,400	IS3.283J
Office Supplies	S300	$100	$62	S38

TDrauevse,luPcenerDsieesm&Subscriptions

$600	$200	$0	$200
$175	517S	$0

TOTAL ADMINISTRATIVE	$143,717	$54,952	$59,367	($4,41611
Mi!ll'lmiSt!'.CF·�tlS!fQ f.K.f!BiHS•
Field Management	$31,312	$10,437	$10,437	!SOI

$3,740

Facility traseAgrMment	$17,980	$S,993	SS,993	$0

$294

Telephone
WEleactrict!,&Sewer

$1,247
$259,600	$86,533	$60,778	$2S,75S
$35,200	$11,733	$6,463	$5,271

$4,996

Gas	53;,sso	Sll.293

$6,297

Pooland Fountain Maintenance	$77,000	$2S,667	S28,159	IS2/192I
Environmental	$4,400	$1,467	S956	$511
Property Insurance	$20,130	$20,130	SlB,271	$1,8S9
Irrigation Repairs	$6,600	s2,200	SZ,763	($5631

landscape-Contircencv

landsc,pe Contract	S341.S68	S113,8S6	$125,374	{$11,518)
$17.083	$5,694	$20,612	($14,9181
LandscapeConsultilt	S17,160	$5,720	$9,158	{$3,438)
Gate and Gatehouse Expenses	$14,080	$4,693	$2,883	$1,811
Roadwavs/Sktewa•s	$22,000	$7,333	$2,724	$4,610

MSA Building Repairs	Sl7,600	SS.867	S2,1S4	$3,712
Pressure Washing	$8,800	S2,933	$2,816	$117

Lighting

Maintenance (Inspections)

Repairs & Maintenance	$8,800	$2,933	so	S2,933
PestControl	$319	$106	so	S106
s•na11e	$1,760	$S87	S2,830	IS2.243)
$61,600	$20,533	$20,533	so

-

$1,467	$0	$1,467

$770

S2S7	S29	$228

tt!.&!:l.lWtt�-12iBf'1f.l!euJ.S.n.:

Irrigation System Operations	s20,ooo	$6,667	$0	$6,667 Contingency		$0		$0	so		$0
TOTALMAINTENANCE	$1,025,781	$355,347	$328,881	$26,4661
TOTALEXPENDITURES	$1,169/198	$388,249
EXCESS REVENUES (EXPENDITURES)	($110,902)	S204,SSO
FUNDBAlANCE• Begn'l)ng	$110,902	SS14,798
FUND BALANCE• Ending	so	S719,348

2

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Replacement & Maintenance Fund Statement of Revenues & Expenditures ForThe Pertod EndingJanuary 31, 2019

REVENUES:
Interest

TOTAL REVENUES

Building Improvements Fountain Improvements Gate/Gatehouse Improvements Landscape Improvements Lighting Improvements Monument lmpovements
Pool Fumlture
Pool Repair& Replacements Roadways/Sidewalks Improvements Slgnage
Signalization     TOTAL EXPENDITURES
EXCESS REVENUES (EXPENDITURES)
FUND BALANCE. Beginning FUND BALAN CE• Ending

ADOPTED	PRORATED
BUDGET	THRU 1/31/19

$3,000	$1,000
$3,000	$1,000

$79,200	$26,400
$11,000	$3,667
$0	$0
$59,400	$19,800
$3,520	$1,173
$11,000	$3,667
$5,280	$1,760
$17,600	$5,867
$4,400	$1,467
$28,600	$9,533
$0	$0

$73,333

$220,000 ($217,000)
$1,332,608

$1,115,608

3

ACTUAL
THRU 1/31/19	VARIANCE

$10,594	$9,594
$10,594	$9,594 1

$12,143	$14,257
$0	$3,667
($2,549)
$22,123	($2,323)
$0	$1,173
$0	$3,667
$6,222	($4,462)
$3,654	$2,213

$9,533

$0	$1,467
$0
$67,276	($67,276)
$113,967	($40,633)1 ($103,373)
$1,394,814

$1,291,442

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Debt Service Fund Statement of Revenues & Expenditures
Series 2004-1
ForThe Period Ending January 31, 2019

REVENUES:
Special Assessments •Tax Collector Interest
TOTAL REVENUES

Interest Expense 11/01 Principal Expense 05/01 Interest Expense 05/01
TOTAL  EXPENDITURES

Transfer ln/(Out) Other DebtService Costs
TOTAL OTHER
EXCESS REVENUES (EXPENDITURES)
FUND BALANCE • Beginning FUND BALANCE . Ending

ADOPTED	PRORATED
BUDGET	THAU 1/31/19

$1,336,719	$858,388
$500	$167
$1,337,219	$858,555

$450,469	$450,469
$445,000	$0
$450,469	$0
$1,345,938	$450,469

$0	$0
$0	$0
$0
($8,719)
$592,889

$584,171

4

ACTUAL
THRU 1/31/19	VARIANCE

$858,388	$0
$6,888	$6,721
$865,277	$6,721 1

$0

$450,469
$0	$0
$0
$450,469	so !
$0	$0
$0	$0
$0	$0
$414,808
$1,276,929

$1,691,737

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Debt Service  Fund Statement of  Revenues  & Expenditures
Series 2015
ForThe Period Ending January 31, 2019

REVENUES:

ADOPTED	PRORATED
BUDGET	THRU 1/31/19

ACTUAL
THRU 1/31/19	VARIANCE

Special Assessments Tax Collector	$326,875	$210,641	$210,641	$0	
Interest	$100	$0	$1,674	$1,674

TOTAL REVENUES	$326,975	$210,641	$212,315	$1,674 I	
EXPENDITURES;						
Interest Expense 11/01 Principal Expense 05/01		$92,181
$145,000	$92,181
$0	$92,181
$0	$0
$0	
Interest Expense 05/01
TOTAL  EXPENDITURES		$92,181
$329,363	$0
$92,181	$0
$92,181	$0
so I	
Transferln/(Out)
Other Debt Service Costs		$0	$0	$0
$0	$0
$0	
TOTAL OTHER		$0	$0	$0	$0	
EXCESS REVENUES (EXPENDITURES)		($2,388)		$120,134		
FUND BAIAN CE - Beginning		$143,381		$310,001		
FUND BAIANCE - Ending		$140,994		$430,135		

5

Reunion West
COMMUNITY DEVELOPMENT DISTRICT

Series 2016

Debt Service Fund Statement of Revenues & Expenditures
ForThe Period EndingJanuary 31, 2019

REVENUES:
SInptereiasltAssessments •Tax Collector

ABDUODPGTEETD
$549,7$50

THPRUORA1/3T1E/D19
$346,7$007

THRAUCT1/U3A1L/19	VARIANCE

$504

$346$,57047	$0

TOTAL REVENUES
EXPENDJTURES·

$549,750	$346,707

$347,210	$504 !

PInritnecreipsatlEExxppeennssee1111//0011

$14965,00006	$14956,,050801

$14956,050801	$0

Interest Expense 05/01 TOTAL EXPENDITURES
TOrathnesrfeDreIbnt/S{Oervuti)ce Costs TOTALOTHER

$194,078	$0
$535,784	$341,581
$0	$0D
$0	so

$341,581	$0

so i

$0	$0
so I

EXCESS REVENUES (EXPENDITURES)	 	$13,966

$5,629

FUND BALANCE. Beginning FUNDBALANCE · Ending

$365,497
$379,463

6

$639,647
$645,276

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Debt Service Fund Statement of Revenues & Expenditures
Series 2017
ForThe Period Ending January 31, 2019

BUDGET	THRU 1/31/19	THRU 1/31/19	VARIANCE
REVENUES:	
Special Assessments - Tax Collector Interest	$509,250
$0	$327,082
$0	$327,082	$0	

TOTAL REVENUES	
$509,250	
$327,082	
$327,559	$477 l	
EXPENDITURES·
Special Call 11/01	
$30,000	
$30P00	
$30,000	
$0	
Interest Expense 11/01 Principal Expense 11/01	$186,006
$135,000	$186,£)06
$135P00	$186,006
$135,000	$0
$0	
Interest Expense 05/01
TOTAL  EXPENDITURES	$183,644
$534,650	$0
$351,006	$0
$351,006	$0
so !	
Transfer ln/(Out)	$0	$0	$0	($0)	
TOTALOTHER	$D	$0	$D	($0)1	
EXCESS REVENUES (EXPENDITURES)	($25,400)		($23,447)		
FUND BALANCE - Beginning	$362,060		$619,022		
FUND BALANCE. Ending	$336,660		$595,576		

ADOPTED	PRORATED	ACTUAL

$477

7

Reunion West
COMMUNITY DEVELOPMENT DISTRICT

Capital Projects Fund
Series 2015
Statement of Revenues & Expenditures
ForThe Period Ending January 31, 2019

REVENUES:	ADOPTED BUDGET	PRORATED THRU 1/31/19	ACTUAL THRU 1/31/19		
VARIANCE		
Interest	$0		$0			$0	
TOTAL REVENUES	$0		$0	$0			
EXPENDITURES:							
capital Outlay	$0		$0	$0		$0	
TOTAL EXPENDITURES	$0		$0	$0		so I	
Transfer ln/(Out)	$0		$0	$0		$0	
TOTAL OTHER	$0		$0	$0		so !	
EXCESS REVENUES (EXPENDITURES)	$0			$0			
FUND BALANCE • Beginning	$0			$5			
FUND BALANCE · Ending	$0			$5			

8

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
Capital Projects Fund
Serles 2016
Statement of Revenues & Expenditures
ForThe Period Ending January 31, 2019

REVENUES:

Interest

TOTAL REVENUES EXPENDITURES:
Capital Outlay - Construction

TOTAL EXPENDITURES

Transfer ln/(Out) TOTAL OTHER
EXCESS REVENUES (EXPENDITU RES)

FUND BALANCE - Beginning FUND BALANCE -Ending

ADOPTED BUDGET

$0

$0

$0

$0

$0

$0

9

PRORATED THRU 1/31/19

$0

$0

$0

$0

$0

$0

ACTUAL THRU 1/31/19

$0

$0

$0

$0

$0

$0

$66

$66

VARIANCE

$D
so I

$0
so I
$0

so' 

Reunion West
COMMUNITY DEVELOPMENT DISTRICT
capital Projects Fund
Series 2017
Statement of Revenues.& Expenditures
For The Period Ending January 31, 2019

REVENUES:	ADOPTED BUDGET		PRORATED THRU 1/31/19	ACTUAL THRU 1/31/19		
VARIANCE	
Interest	$0			$0	$1	$1	
TOTAL REVENUES	$0				$1		
EXPENDITURES:							
Capital Outlay - Construction	$0			$0	$0	$0	
Capital Outlay - Costs of Issuance	$0			$0	$0	$0	
TOTAL EXPENDITURES	$0			$0	$0	so' 	
Transfer ln/(Out)	$0			$0	$0	$0	

TOTAL OTHER	$0			
$0	
$0	so I	
EXCESS REVENUES (EXPENDITURES)					$1		
FUND BALANCE · Beginning							

FUND BALANCE · Ending

$0	$602

10

Oct	Nov	Dec	Jan

Reunion West CDD Month to Month
Mar	Apr	May	June	July	Aug	Sept	Total

Interest Income

Special Assessments • Ta•COiiector	$0

Revenues	S65,616	S309,398	S24,607	so	so	so	so	$0	$0	so	so	S399,621

$3

Special Assessments - Direct	$112,247	$0	$0	$80,616	$0	$0	$0	$0	$0	$0	$0	$0	$192,863
$1	$1	$1	$1	$0	$0	$0	$0	$0	$0

Miscellaneous Revenue	$312	$0

$0	$0

$0	$0

$312

Total Revenues

$112,560	$65,617

$105,223	$0

$0	$0	$0	$0

$0	$592,7991

Expenses

Supervisor Fees	$0	$800	S800

$0	$0

so	$0	$0	$0	$3,600

Engineering	so	$319	$170	$396	$0	$0	$0	$0	$0	$0	$0	$0

FICA

$61	$61	S153	$0	$0	$0

so	$0	$0	$0	$275

Trustee Fee	$4,863	$0

Arbitrage	$0	$0	$0	$0	$0	so	so	$0	$0	so	$0	$0	$0

Attorney	$2,379	$1,261

$0	$0	$0	so	so	so	$0	$0	$10,150

$0

$0	$0	$0	$0	$0	$0	$0	$4,863

Dissemination

$875

$625

$625	$0

$0	$0	$0	$0	$0	$0

C.OllectionAgent	S7,500	so	$0	so	$0	$0	so	$0	$0	so	so	$0	$7,500

Property Appraiser Fee	so	$0	$0	$46S

so	so	$0	$0	$0	$0	$0	$46S

Annual Audit	$0

$0	so

$0	$0	$0	$0	$0	$0	so

ManagementFees

$3,690	$3,690	$3,690	$0	$0	$0	$0	$0	$0	$0	$0	$14,758

Infom,ation Technology	$183	$183	$183	$183	$0

so	$0	$0	$0	$0	$0	$733

Telephone	so	$6

$0	$0	so	$0

$0	$0	so

$13

Postage	$60	SGS	$120	$125	so	so

so	so	so	so	so

o	o	$0	$0	$0	$0	$688

Printing & Binding	S56	Sl	$S1	S35	so	so	so	so

$0	so	$0	$143

Legal Advertising

Insurance	$8,540	$0	$0	$0
S688	$0	$0	$0

so	$0	so	$0	so
s	s

OthercurrentCharges	$3,400	so

so	so	$0

$0	$0

$0	$3,400

Office Suppfies	$21	so	s20	$20	$0	so

so	so	$0	so	$0	S52

Travel PerDiem	$0

$0	so	$0	so

so	so	so	$0	$0

Dues, UC,,nses& Subscriptions	$175	so	$0

$0	$0	so	so	so

$0	$17S

Total Administrative

$32,428	$7,012	$7,402	$12,526	$0

$0	$0	$0

$0	$59,3671

11 

Reunion West CDD Month to Month
Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Total

Field Management	$2,609	$2,609	$2,609	$2,609	$0

$0	$0	so	so	$0	so	$10,437

Facility Lease Agreement	$1,498	$1,498	$1,498	$1,498	$0	$0	$0	$0	$0	$0	$0	$5,993

Telephone	$242	$242	$227	$242	so

$0	$0	$0	$0	$0

$953

$956

Water&Sewer	$1,519	$1,507	$1,708	$1,729

$0	$0	$0	$0	$0	$0

Electric	$15,069	$15,068	$15,510	$15,131	$0	$0	$0	$0	$0

$0	$0	$60,778

$6,463

Gas	$178	$1,433	$1,170	$2,215	$0	$0

$5,419

$0	$0	$0

Pool and Fountain Maintenance

$7,258	$9,080	$6,401

$0	$0	$0

so	so	$0	$28,159

Environmental	$611	$115	$115	$115	$0	$0	$0

$0	$0	$0	$0

Irrigation Repairs	$1,768	$375	$219	$400	$0	$0	$0	$0	$0	$0	$0	$0	$2,763

Landscape Contract	$23,796	$47,157	$30,577	$23,844	$0	$0	$0	$0	$0	$0	$0	$0	$125,374

Property Insurance	$18,271	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$18,271

Landscape Consulting	$1,430	$3,320	$2,978	$1,430	$0	$0	$0	$0	$0	$0	$0	$0	$9,158

Landscape Cootingency	$19,223	$1,046	$253	$90	$0	$0	$0

$0	$0	$0

$20,612

$1,375

Gate and Gatehouse Expenses	$672

$606	$229	$0	$0	$0	$0	$0

$0	$0	$2,883

Roadways/Sidewalks	$462	$1,685	$0	$576	$0	$0

$0	$0

$0	$0	$2,724

lightjf18

$0	$0	so	$0

$0	$0	$0	$0	$0	$0	$0

MSA Building Repairs	$1,707	$88	$0	$0	$0	$0	$0	$0	$0	$0	$0	$2,154

Maintenance (Inspections}	$0

Pressure Washing	$2,552	$0	$0	$264	$0	$0	$0	$0	$0	$0	$0	$0	$2,816

$0	$0	$0	$0	$0	$0	$0	$0	$0

PestControl	$0	$0	$0	$0

$5,133

$5,133

$0	$0	$$00	$$00	$0

$0	$0	$0	$0

Contingency	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0

Signage	$1,209	$425	$713	$484	$0

$0	$0	$0	$2,830

Security	$5,133

$5,133	$0	$0	$0

$0	$0	$20,533

I nigatlon System Operations	$0	$0	$0	$0	$0	so	$0	$0	$0	$0	so	$0	$0

$135,796

$97,347

Total Malnb!nance	I	$103,368	$90,336	sn,427	$62,750	$0	$0	$0	$0	$0	$0	$0

Total Expenses	I

$79,829	$75,276

$0	$0	$0

$0	$0	$0	$388,249]

Excess Revenues (E>ependitwes)	I	($23,236)	($31,730)	$229,570	$29,94_7	$0

$0	$0	$0	$0	$0	$0	j_204,SSOI

12 

REUNION WEST
COMMUNITY DEVUOPMENT DISTRICT

SPECIAL ASSESSMENT RECEIPTS • FY2019

TAX COUECTOR
Gross Assessments	3,536,875	659,no	1,417,083	347,739	572,366

Groll	2

Net Assessments	3,324,662	620,136	1,33:Z.,D58	326,875	538,024	507,569

Totol

Date	Assessments	Discounts/     Commissions	Interest	Net Amount	General Fund     Debt20S04-vc 1Fund     Debt S0v1c5Fund    Debt2S0v1c6Fund     Debt2S0v1s7Fund
Received	Dist.	Received	Penalties	Paid	rncome	Received	18.659'	40.0�	9.83"	16.18%	15,27"	100"
11/9/18	ACH     $	19,334.61     $    1,029.34    $	366.11    $	$     17,939.16    s	3,346.12	7,187.50	1,763.75    $	2,903.06    $	2,738.74     $      17,939.16
11/26/18	ACH       $      354,848.46     $   14,194.23     $     6,813.08    $	$   333,841.15    $	62,270.09	133,756.69	32,822.65     $       54,024.86     $       50,966.85     $   333,841.15
12/10/18	ACH       $    1,536,460.84     $  61,459.72     $   29,500.02    $	$ 1,445,501.10    $     269,623.71	579,154.02	142,119.03    $     233,922.62    $     220,681.72    $   1,445,501.10
12/21/18	ACH      $       225,515.38     $    7,927.65     $     4,351.77    $	$   213,235.96    $	39,774.08	85,435.05	20,964.97     $       34,507.56    $       32,554.30    $    213,235.96
l/11/19	ACH      $       125,711.12     $    3,797.66     $     2,438.26    $	$   119,475.20   $	22,285.25	47,868.90	11,746.58    $	19,334.44     $       18,240.04     $    119,475.20
l/11/19	ACH      $	12,479.19    $       300.18    $	243.58    $	$     11,509935.,4603    $	2,226.27	4,782.05	1,173.47    $	1,931.49    $	1,822.16   $       11,935.43
l/11/19	ACH     $	$	$	$	509,60     $	$	95.05	204.18	50.10    $	82,47    $	77.80   $	509.60
2/13/19	ACH      $       127,924.54     $    2,892.Sl     $    2,500.64    $	$   122,531.39   $	22,BSS.30	49,093.39	12,047.06     $       19,829.02     $       18,706.62     $    122,531.39
$	$	$	$	$	$	$	$	$
$	$	$	$	$	$	$	$	$

$	$	$	s	$	$	$	$	$

$	$	$	$	$	$	$	$	$
$	$	$	$	s	$	$	$	$
$	$	$	$	$	$	$	$	$
$	$	$	$	$	$	$	$	$

s

$	$	$	$	$	$	$	$	$
$	$	$	$	$	$	$	$
$	$	$	$	$	$	$	$	$

Tatalt	2,402,274.14    $  91,601.29	46,213.46	S09.60

•12,475 &B	907481.77	222,687.61	366,535.5]	345,788.22 $ 2.2£4,968.99

s ,,264.96U9

OFF ROU ASSESSMENTS

REUNION APARTMENTS LLC	$1U,147.00

DATE RECEIVED 4/13/18
4/13/18
4/13/18	DUE DATE 11/1/18
2/1/19
5/1/19	ONlEOCK. 12593
12593
12593	NET
  ASSESSED	
$	56,123.50
$	28,061.75
$	28,061.75	AMOUNT
s RECEIVED	 56,123.50
$s   28,061.7S 28,061.75	GENERAL FUND
$      56,123.50
$$       28,061.75
28,061.75	
$ 112 247.00	$ 112,247.00	$ 112,247.00	

13 

REUNION WEST SPE, LLC

OFF ROU. ASSESSMENTS
$7,276.00

$7,276.00

DATE
RECEIVED 1/30/19	DUE
DATE	CHEC<
NO.	AS NET	RAMECOEIUVNEDT	GENERAL
SESSED	FUND	
	12/31/18
3/31/19
6/30/19
9/30/19	24079	$	1,819.00  $	1,819.00  $	1,819.00
$	1,819.00   $	$
$	1,819.00  $	$
$	1,819.00  $	$	
$	7,276.00   $	1,819.00   $	1,819.00	
REUNION WEST SPE, LLC	$37,864.00	$37,864.00

DATE
RECEIVED	DUE
DATE	CHECK
NO.	NET
ASSESSED	AMOUNT	GENERAL
RECEJVED	FUND	
1/30/19	12/31/18
3/31/19
6/30/19
9/30/19	24079	$	9,466.00
$	9,466.00
$	9,466.00
$	9,466.00	$ 9,466.00 $ 9,466.00
$	$
$	$
$	$	
			$	37,864.00	$ 9,466.00 $ 9,466.00	

REUNION WEST SPE, LLC	$41,725.00

$41,725.00

DATE
RECEIVED	DUE
DATE	OIEC<
NO.	NET
ASSESSED	AMOUNT	GENERAL
RECEIVED	FUND	
1/30/19	12/31/18
3/31/19
6/30/19
9/30/19	24079	$	10,431.25
$	10,431.25
$	10,431.25
$	10,431.25
s	41,ns.oo	$ 10,431.00 $ 10,431.00
$	$
$	$
$	$	
	
REUNION WEST SPE, UC	$32,668.00	$32,668.00

DATE
RECEIVED	DUE
DATE	CHECK
NO.	NET
ASSESSED	AMOUNT	GENERAL
RECEIVED	FUND	
1/30/19	12/31/18
3/31/19
6/30/19
9/30/19	24079	$	8,167.00
$	8,167.00
$	8,167.00
$	8,167.00	$     8,167.00   $	8,167.00
$	$
$	.	$
$	$	
			$	32,668.00	$ 8,167.00 $ 8,167.00	
REUNION WEST II U.C	$202,932.00	$202,932.00

DATE		DUE	CHECK			NET	AMOUNT	GENERAL RECEIVED		DATE		NO.		ASSESSED	RECEIVED		FUNO 1/30/19	12/31/18	24079	$		50,733.00 $ 50,733.00 $ 50,733.00
3/31/19	$	50,733.00   $	$
6/30/19	$	50,733.00   $	$
9/30/19	$	50,733.00    $	$
$ 202.932.00 $ 50.733.00 S 50,733.00	

 	SUMMARY	

GENERAL FUND
TOTAL DIRECT BILLED	$434,712.00
TOTAL REalVED	$   192,863.00
 	VARIANC                                             £	

14 

SECTION 3

DReisutrniicotn East

Reunion East/West COD Direct Billed Assessments for FY 2019

ILandownder	Product	Total o& M  Total Debt	Total Due	O&M	Debt	Total	Paid

$3,748

C35it-ic2o5-m2m7-u4n8i8t5ie-sPRCL-0C30

 	$10,982	$14,992	

NFeobv

$25,,744961	$7,496	$$162,,948947 pPaid 2/25/19

TEsottoaplspel

$10,982	$14,992

$25,974	May	$2,746

$6,494

$1,848	$5 053	$6,901

$25,97_4	Total	$10,982	$14,992	$25,974

L3R5A-2O5-R2LA7-4N8D8O5-LPLRCCL-0C30   4 MF

$1,848	$5,053	$6,901

FNeobv

O& M$924

Debt $1,,256237

Total$3,451 Paid

11/5/18

EHOF

TMoatyal

$462	$1,263	$1,7225	111/55//18

2171-25-1-257I-n2t9e8re5s-tTRAC-FD20   30 Comm/755 MF	S358,021	$153,228	$511,249	Nov

O&M	Debt	Total	Paid

3257--25--27-2988955-TPRRACLC--OFlDC3O0   12042C.2o9mCmo/m56mM/7F0/110M4FH/3o0te0l Hotel	$$4690,987496	$1$,230576,,826952

$1$,649187,,727111

FMeaby

$22574,,496232	$45289,34936

$1$,365136,80168 Paid 1/2/19

$909,846	$1,717,385	$2,627,231	Total	$920297,,844626	$1$,472179,,338456	$2$,6267,,820381

DRiesutrniicotn West

l RlaenudnoiownnWdeerst SPE

Total O&M  Total Debt	Total Due	O&M	Debt	Total	Paid

27--2255--27-4927--0001l-SWFlCOlO

$$37,,826746

$3$7,,826764	DMeacrch	$29,8833

s$o0

$229,8833  Paid 1/30/2019

27--225-27-492375--0001-0FX2X00	$32$,6461,77.2050	$321,,762657

JSuenpetember

S$229,8833	so

$29,8833

2Re2u2n5io-2n7W-4e9s2t3H-0O0A01-00B0

$119,532.00	$0.00   $119,532.00	Total	$119,532	$0	$119,_532

JSuenpetember	$50,733..00	$0..00	$50,733.00

$202,932	$0	$202,932	DMeacrch	$550,733..00	$0..00	$50,77333.00 Paid 1/30/2019
Total	$202,932.00	$0.00	$202 932.00