KEY  MARCO
Community Development District

Financial Report June 30, 2018

Prepared by:

KEY MARCO
Community Development District

Table of Contents

FINANCIAL STATEMENTS

Balance Sheet - All Funds

Page#

1

Statement of Revenues, Expenditures and Changes in Fund Balances
General Fund	2-5

SUPPORTING SCHEDULES
Non-Ad Valorem Special Assessments Schedule	6

Bank Reconciliation
General Ledger Detailed Trial Balance Aged Vendor Payable

7

8-  30

31 - 33

KEY MARCO
Community Development District

Financial Statements

{Unaudited)

June 30, 2018

KEY MARCO
Community Development District	Governmental Funds

Balance Sheet
June 30, 2018

FIXED
GENERAL	ASSETS
 	ACCOUNT DESCRIPTION	FUND	FUND	TOTAL	

Cash - Checking Account	$	857,579	$	$	857,579	
Accounts Receivable	1,793	1,793	
Fixed Assets		
Land	1,969,203	1,969,203	
Buildings	146,196	146,196	
Accum Depr - Buildings	(111,345)	(111,345)	
Improvements	882,684	882,684	
Infrastructure	6,522,136	6,522,136	
Accum Depr - Improvements	(681,688)	(681,688)	
Accum Depr - Infrastructure	(4,204,655)	(4,204,655)	
Machinery & Equipment	126,860	126,860	
Accum Depr - Mach & Equip	(33,006)	(33,006)	

ITOTAL ASSETS	 	$	859,372	$ 4,616,385 $ 5,475,757 I	

LIABILITIES		
Accounts Payable	$	53,983	$	$	53,983	
Accrued Expenses	11,983	11,983	
Accrued Taxes Payable	627	627	

ASSETS

IToTAL LIABILITIES	 	66,593	66,593 I
 FUND BALANCES	
Unassigned:	792,779	4,616,385	5,409,164
!TOTAL FUND BALANCES	 	$	792,779	$  4,616,385       $  5,409,1641
ITOTAL LIABILITIES & FUND BALANCES	$	859,372	$  4,616,385	$  5,475,757 I

Page 1

KEY MARCO
Community Development District	General Fund

Statement of Revenues, Expenditures and Changes in Fund Balances

ACCOUNT DESCRIPTION	ANNUAL ADOPTED
BUDGET	
JUN-18 ACTUAL	
JUN-18 BUDGET	
VARIANCE ($)
FAV(UNFAV)	
YEAR TO DATE ACTUAL	
YEAR TO DATE BUDGET	
VARIANCE($) FAV(UNFAV)	

REVENUES								
Interest - Investments	$	4,000	$	1,422	$	333	$	(1,089)	$	11,036	$	3,000	$	(8,036)	
Interest - Tax Collector					31		(31)	
Special Assmnts- Tax Collector	629,800	42,300		(42,300)	603,049	629,800	26,751	
Special Assmnts- Discounts	(25,000)	1,269		(1,269)	94	(25,000)	(25,094)	
Other Miscellaneous Revenues	100		8	8	466	75	(391)	

For the Period Ending June 30, 2018

IToTAL REVENUES	 	608,900	44,991	341		(44,650) 	614,676	607,875		(6,801)1 EXPENDITURES

Administration

P/R-Board of Supervisors	4,000	4,000	333	3,667	5,800	3,000	2,800	
FICA Taxes	500	306	42	264	306	375	(69)	
ProfServ-Engineering	2,000		167	(167)		1,500	(1,500)	
ProfServ-Legal Services	25,000	1,771	2,083	(312)	19,718	18,750	968	
ProfServ-Mgmt Consulting Serv	80,000	6,000	6,667	(667)	58,750	60,000	(1,250)	
ProfServ-Property Appraiser	9,045				9,045	9,045		
ProfServ-Special Assessment	1,000				1,000	1,000		
ProfServ-T ax Collector	13,000	871		871	8,693	13,000	(4,307)	
Accounting Services	7,200	1,179	600	579	9,625	5,400	4,225	
Auditing Services	5,000				4,925	5,000	(75)	
Postage	400	30	33	(3)	233	300	(67)	
Rentals & Leases	1,500	25	125	(100)	225	1,125	(900)	
Insurance - General Liability	31,000		7,750	(7,750)	27,205	31,000	(3,795)	
Legal Advertising	2,000		167	(167)	1,852	1,500	352	
Miscellaneous Services	500	83	42	41	561	375	186	
Transcript Cost	1,000	175	83	92	1,215	750	465	

Page 2

KEY MARCO
Community Development District	General Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending June 30, 2018

ANNUAL
ADOPTED	JUN-18	JUN-18	VARIANCE ($)	YEAR TO DATE	YEAR TO DATE	VARIANCE ($)
 	ACCOUNT DESCRIPTION		BUDGET 	ACTUAL	BUDGET	FAV(UNFAV)	ACTUAL	BUDGET	FAV(UNFAV)

Computer Support	600	203	50	153	593	450	143	
Office Supplies	400	33	(33)	476	300	176	
Dues, Licenses, Subscriptions	200	17	(17)	265	150	115	
Total Administration	 	184,345	14,643	18,192		(3,549)	 	150,487	153,020 	(2,533)	

Field
Rentals & Leases	

500	42	

(42)	

375	

(375)	
Total Field	500	42		(42)	 	375 	(375)	

Maintenance and LandscaQing					
Contractual Services	134,000	55,534	11,167	44,367	147,696	100,500	47,196	
R&M-Trees and Trimming	25,000	4,218	2,083	2,135	23,558	18,750	4,808	
Plant Replacement Program	20,000		1,667	(1,667)	7,786	15,000	(7,214)	
Exotic Maintenance	13,000		1,083	(1,083)	116	9,750	(9,634)	
Flower Program	5,000		417	(417)	1,825	3,750	(1,925)	
Irrigation Supplies	3,000		250	(250)		2,250	(2,250)	
Land Lease	31,000		2,583	(2,583)		23,250	(23,250)	
Mulch Program	15,000	119	1,250	(1,131)	9,506	11,250	(1,744)	
Misc -FEMA Expense		14,843		14,843	77,887		77,887	
Total Maintenance and Landscaping	246,000	74,714	20,500	54,214	268,374	184,500	83,874	

Irrigation Services
Contractual Services	

6,100	

234	

508	

(274)	

1,451	

4,575	

(3,124)	
Utility- Water	15,000	2,742	1,250	1,492	15,086	11,250	3,836	
Utilities-Electric	5,000	103	417	(314)	1,605	3,750	(2,145)	
Lease	31,000	2,553	2,583	(30)	22,977	23,250	(273)	
Repairs & Maintenance	15,000	1,312	1,250	62	15,259	11,250	4,009	
Total Irrigation Services	72,100	6,944	6,008	936	56,378	54,075	2,303	

Page 3

KEY MARCO
Community Development District	General Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending June 30, 2018

ANNUAL
ADOPTED		JUN-18		JUN-18	VARIANCE ($)		YEAR TO DATE	YEAR TO DATE		VARIANCE($) ACCOUNT DESCRIPTION	BUDGET	ACTUAL	BUDGET		FAV(UNFAV)	 		ACTUAL		BUDGET		FAV(UNFAV)

Caeital Exeenditures & Projects
Street Light Project	37,000	3,083	(3,083)	5,000	27,750	(22,750)	
Bridge Repair	15,000	1,250	(1,250)	15,124	11,250	3,874	
Guardgate Roof	21,000	1,750	(1,750)		15,750	(15,750)	
Cap Outlay-Roads	230,000	19,167	(19,167)	20,925	172,500	(151,575)	
Total Capital Expenditures & Projects	 	303,000	25,250		(25,250)	41,049	227,250	(186,201)

Lighting

Utilities-Electric	15,000	2,320	1,250	1,070	17,230	11,250	5,980	
R&M -General	14,000		1,167	(1,167)	1,388	10,500	(9,112)	
Misc -H oliday Lighting	3,000				1,750	3,000	(1,250)	
Total Lighting	 	32,000		2,320	 	2,417		(97)	20,368	24,750	(4,382)	

Access Control
Contractual Services	

84,000	

6,822	

7,000	

(178)	

62,540	

63,000	

(460)	
Utilities -Electr ic	10,000	1,331	833	498	8,637	7,500	1,137	
R&M-Gate	5,000	655	417	238	5,465	3,750	1,715	
R&M-Gatehouse	8,000	1,784	667	1,117	6,864	6,000	864	
Op Supp lies - General	1,200	15	100	(85)	297	900	(603)	
Capital Outlay					10,000		10,000	
Total Access Control	 	108,200		10,607	9,017	1,590	93,803	81,150	12,653	

Roadway Services
Repairs & Maintenance	

10,000	

311	

833	

(522)	

1,761	

7,500	

(5,739)	
Total Roadway Services	10,000	 	311	833		(522)	1,761	7,500	(5,739)

TOTAL EXPENDITURES	956,145	109,539	82,259	27,280	632,220	732,620	(100,400

Page 4

KEY MARCO
Community Development District	General Fund

Statement of Revenues, Expenditures and Changes in Fund Balances
For the Period Ending June 30, 2018

	ANNUAL		
	ADOPTED	JUN-18	JUN-18	VARIANCE($)	YEAR TO DATE	YEAR TO DATE	VARIANCE($)	
ACCOUNT DESCRIPTION	BUDGET	ACTUAL	BUDGET	FAV(UNFAV)	ACTUAL	BUDGET	FAV(UNFAV)	

Excess (deficiency) of revenues
Over (under) expenditures	(347,245)	(64,548)	(81,918)	(17,370)	(17,544)	(124,745)	(107,201)

OTHER FINANCING SOURCES {USES}		
Contribution to (Use of) Fund Balance		(347,245)	
!TOTAL FINANCING SOURCES (USES)	 		(347,245) 		-1	

Net change in fund balance	$ 	(347,245)	$	(64,548)     $	(81,918)    $	(17,370)     $	(17,544)	$	(124,745)	$	(107,201)

FUND BALANCE,  BEGINNING (OCT 1, 2017)	810,323	810,323	810,323

FUND BALANCE, ENDING	$	463,078	$	792,779	$	685,578 

Page 5

KEY MARCO
Community Development District

Supporting Schedules June 30, 2018

KEY MARCO
Community Development District

Non-Ad Valorem Special Assessments - Collier County Tax Collector (Monthly Collection Distributions)
For the Fiscal Year Ending September  30, 2018

	FUND
ALLOCATION	

Date
Received	
Net Amount
Received	Discount/ (Penalties)
Amount	
Collection
Costs	Gross
Amount
Received	
General Fund	

Assessments	
Levied FY '18			
$	603,000	
$	603,000	
Allocation%				100%	100%	

11/15/17	$	27,072	$	-	$	-	$	27,072	$	27,072	
11/30/17	270,720	-	-	270,720	270,720	
12/15/17	146,056	-	-	146,056	146,056	
12/29/17	17,871	-	-	17,871	17,871	
01/31/18	44,909	1,175	917	47,000	47,000	
03/05/18	4,560	-	-	4,560	4,560	
03/30/18	22,938	-	468	23,406	23,406	
04/26/18	9,350	-	191	9,541	9,541	
05/31/18	14,233	-	290	14,523	14,523	
06/26/18	42,698	(1,269)	871	42,300	42,300	
TOTAL	$	600,406	$	(94)	$	2,737	$	603,049	$	603,049	

	% COLLECTED	100%	100%	
	j TOTAL O/S	$	(49)	$	(49)1	

Page 6

KEY MARCO
Community Development District	Balance Sheet - All Funds

Notes to the Financial Statements June 30, 2018
!General Fund

► Assets
Cash - Checking account with Fifth Third Bank - $857,579 balance.
Accounts Receivable - Collier County Public Utilities - Water payment for April - $1,793.

► Liabilities
Accounts Payable - Invoices for current month but not paid in current month $53,983 - See Aged A/P Schedule.

Accrued Expenses - Transcript Services for May meeting - $175, Crawford Inv# 237392 FEMA - $220, Crawford Inv# 234430 FEMA - $60, Crawford Inv# 237801 FEMA- $2,986.25, Crawford Inv# FEMA- $7,917, Crawford Inv# 236509 - $625.

Projects: Key Marco Community Development District

Program  Grant	Proj	Project Title
#	F#

Size	Eligible	F

Federal Paid Percent

Project Type

Amt	%

Status

PA	4337	219	Irrigation  Pump System and	F	s	$0.00	0%	Pending
I rrigati on Lines/ V	Obligation
PA	4337	339	Damage to Gat ehouse Roofing Tiles   E	s	$7,744.37	75%   0%	Open
& Membrane
PA	4337	533		PAAP Debris Removal Operational	A	s	$0.00	0%	Pending Time Period 9/4/1					Obligation
PA	4337	563		PAAP Debris Rem oval Operational	A	s	$0.00	0%	Pending Time Period 9/18/					Obligation
PA	4337	581		PAAP Debris Removal Operational	A	s	$0.00	0%	Pending Time Period 10/18					Obligation
PA	4337	768	Repair of Damaged Street Lights,	C	s	$0.00	0%	Pending Sinkhole, Brid					Obligation
PA	4337	856	Damaged  Street Lights, Street	C	s	$0.00	0%	Pending Signs, and Entran					Obl igat ion
PA	4337	1215		PAAP Debris Removal Operational	A	s	$0.00	0%	Pending Time Period 12/					Obligation
$7,744.37

Generated by Florida Public Assistance on Jul 24, 2018	Page I of I

/;		CRAWFORD
LANDSCAPINCl

PROPOSAL

Project Title:	Drain Swales	Date:07-26-2018

Billing Address: 505 Whiskey Creek
Marco Island, FL. 34145

Client Information:
Prepared for:	Katie Maline Phone:	239-784-5110
E-Mail:	katie@managerkevmarcohoa.org

Customer No. Contract No. Prepared by:

1966
27072633
Bryan Stork

Physical Address: Community

DESCRIPTION: Crawford Landscaping proposes to provide all material. labor and equipment necessary to perform the following:
Drain Swales

PLANT MATERIAL	SIZE	QUANTITY	UNIT PRICE	TOTAL AMOUNT	
				$	-	
Along roadways near drains they are marked with yellow paint. In these area	28	$	210.00	$	5,880.00	
we will remove sod in a space of about 2'-3' wide. After removing sod-					
dig out some soil to make a natural culvert that will take the water off the				$	-	
street and let it flow towards the drain.- replace sod				$	-	
Sod to replace any damaged that cannot be re-used	1 Pallet	3	$	575.00	$	1,725.00	
•••• any excess sod can be used on site •••				$	-	
List of areas are attached to this proposal				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
				$	-	
IRRIGATION check for coverage and reset time clocks					
				$	-	
				$	-	
TOTAL	$ 7,605.00	

TERMS & CONDITIONS:
Work performance and billing rates as follows: Work to be performed on a time and material basis and will be billed  at  the prevailing  hourly rate. Crawford Landscaping is not limited to the work on this proposal and should the Client request additional work, Crawford Landscaping will perform upon receipt of a signed proposal.
Payment terms as follows: Payment for services is due upon receipt of the Invoice. After thirty (30) days past due, interest will accrue at 1.5% per month. Crawford Landscaping will be entitled to all court costs, attorney's fees and costs, etc., if collection becomes necessary.
This proposal expires in sixty (60) days. By signing the proposal, Client agrees to the terms and conditions and work described above.

Company Signature:	Authorization

Client

Key Marco Drain Swales sites

Whiskey Creek

After Clubhouse-2- both sides After park area-2 both sides
After Hong Kon Orchids on left-2- both sides

By "Slow Down" sign-2- both sides

In front of 911Whiskey Creek-2 - both sides In front of 845 Whiskey Creek-2-both sides Before stop sign-2- both sides
Left on Blue Hill

3 - down towards the end

Right on Blue Hill

Bottom of first hill-2- both sides

Bottom of hill before Indian Mound-2- both sides 1155 Blue Hill-2- both sides
Across from guardrail-1

At new house lot-2- both sides Before Marina-2- both sides

28 Total

CRAWFORD
LANDSCAPING

June 01, 2018

Re: 2018 Hurricane Season/Storm Clean Up

Dear Valued Customer,

The 2018 hurricane/ st orm season is upon us, and Cr awfo rd Landscaping wish es to prepar e you should a damaging storm or hurricane occur. This letter, and our process, is based on years of experience and best practices, and is aimed at providing you the following:

Our Storm Event Response Protocol

Detailed price list for each applicable storm clean-up and restoration service

Provide an opportunity for you to pre-authorize us to provide these vital services.

Please read this letter carefully and respond accordingly.

Storm Event Response Protocol:
After fully assessing our pre-authorized sites, we will organize our response per the following protocols:

PHASE 1- Life/Safety: Life/Safety involves removing all debris blocking roadways, driveways, vehicles and building entrances.

PHASE 2 - General Clean-up: General cleanup involves removing all other debris from the property that has fallen to the ground; dead tree limbs for instance will be addressed in Level 4

PHASE 3 - Staking: Staking involves the re-planting or staking of downed or leaning plants, trees or palms. This is a very important process that often involves machinery. Prior to Crawford addressing these needs, it's important to keep the damaged plant/tree/palm adequately watered.

PHASE 4 - Removals: Removals involves the removal of damaged trees, damaged limbs and stumps. This service is often performed by our Arbor Care crews . (NOTE: removal of damaged trees/ fallen trees will be determined on basis of Crawford Landscaping's professional opinion taking into account the hazardous risk each present)

Initial : 		_	Page 1 of 3

PHASE 5 - Final Rest oration: Final restoration as part of our Storm Event Response Procedure outlined in this letter involves only addressing the holes left behind by removed tree stumps. Additional grading and replanting will require an ad d it io n al proposal.

NOTE: ALL REGULARLY SCHEDULED MAINTENANCE OPERATIONS WILL BE SUSPENDED DURING THE STORM EVENT RESPONSE PERIOD. THE DURATION OF THIS SUSPENSION IS AT THE SOLE DISCRETION OF CRAWFORD LANDSCAPING, AND PER THE "ACT OF GOD" CLAUSE IN OUR CONTRACT, ANY MISSED SERVICES WILL BE CAUGHT UP AS TIME PERMITS AND NOT BE REFUNDED.

NOTE: ALL WORK WILL BE COMPLETE PER THIS PRIORITY SEQUENCE AND COULD RESULT IN MULTIPLE VISITS AS WE WILL SERVICE ALL LEVEL 1 PRIORITIES BEFORE MOVING TO LEVEL 2 PRIORITIES (AND SO ON ).

NOTE: SIGNING THIS DOCUMENT DOES NOT GUARANTEE SPECIAL PRIORITY, IT ONLY GIVES US AUTHORITY IN ADVANCE TO PERFORM CLEAN-UP SERVICE AT YOUR PROP ERTY.

Storm Event Pricing:
Any clean-up as out li n ed above resulting from a storm event is outside the general scope of

service per our Maintenance Agreement, and therefore additional charges app ly .	Below is a	
detailed list of our Storm Event prices:		

Labor	
Cost per Hour	
All labo r personnel	$75.00	
Machinery & Equipment (does not include operator)	Cost per Hour	
Machine hours (small)	$115.00	
Loader (small)	$115.00	
Chipper+ Chipper Truck	$115.00	
Stump Grinder	$115.00	
Loader (large)	$300.00	
Loader Delivery (standard with large loader)	$850.00	
Dump Fees (does not include operator)	Cost per Load	
Sm all (bucket truck, turf truck, etc.)	$250.00	
Medium (chipper truck, et c.)	$400.00	
Large (landscape flat bed, grapple, et c.)	$750.00	

Other	Cost per Kit	
St aking - 4x4	$65.00	
Staking - 4x2	$25.00	
Staking - lodge poles	$15.00	

Beware of Price Gauging:
Du ring large storm event s, it's common for "out of town" companies to descend on Southwest Florida and cha r ge absorbent fees for subpar work, often leaving behind significant damage to

Initial:.    	_	Page 2 of 3

the landscape and turf as well as vital mechanical systems like drain fields and irrigation systems. To avoid being over-charged for this kind of work, we urge you to sign our pre­ authorization letter today to ensure fair pricing for exceptional work.

Storm Event Pre-Authorization:
Please fill this out completely and return to our offices per one of these two methods:

FAX: (239) 594-9832
E-MAIL: customerservice@discovercrawford.com

Failure to return this form acknowledging your selection will be deemed as NOT authorizing us to perform storm clean-up and restoration services. Due to the hectic nature of preparing for a pending storm, last minute authorizations may not be received in time to provide cleanup and restoration service.

Authorization:

 		I authorize Crawford Landscaping in advance to perform emergency storm cleanup.

 	   I do not authorize Crawford Landscaping in advance to perform emergency storm cleanup.

Property Name:	  	                                                          Property Address:           	 Printed Contact Name:   	 Contact Number:	 	

Signed:	 	
Dated:	 	

Should you have any questions regarding this matter, you may reach me directly on my mobile phone at (239) 872-1854.

Respectfully,
7	
Keith Mahan
President
Crawford Landscaping Group, LLC

Initial: 		_	Page 3 of 3