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AGENDA
HARDEE COUNTY INDUSTRIAL DEVELOPMENT AUTHORITY Regular Meeting
Tuesday, August 14, 2012 10:00am HARDEE COUNTY ECONOMIC DEVELOPMENT OFFICE
107 EAST MAIN STREET, WAUCHULA, FLORIDA
Council: Rick Justice- Chairman Lory Durrance- Vice Chairman
Michael Prescott
Vanessa Hernandez
Joe Albritton
Jim See
Director William Lambert
County Attorney Ken Evers
Chairman Justice - Call to Order.
Minutes for Approval
Tuesday, July 17, 2012 Copy of Minutes provided
Approval of Agenda
PLEASE TURN OFF CELL PHONES AND PAGERS
Director Report - Bill Lambert
Tab1 FY 2012-2013 Draft budget presentation
Tab2 Financial Report July 2012
Copy of financial report provided at meeting
COUNTY ATTORNEY KEN EVERS
OTHER BUSINESS
COMMENTS FROM COUNCIL MEMBERS
ADJOURN
PLEASE NOTE THAT THE ABOVE APPOINTMENT TIMES MAY BE ADJUSTED AS
DEEMED NECESSARY UNLESS IT IS AN ADVERTISED PUBLIC HEARING.
IDA Agenda
Page 2
August14,2012
Hardee County Industrial Development Authority
Regular Meeting Minutes
July 17,2012
EDCO!fice
Rick Justice- Chairman-P
Lory Durrance- Vice Chairman-P
Michael Prescott-P
Vanessa Hernandez-P
Joe Albritton-A
Jim See-P
Chairman Justice called the meeting to order at 9 am.
Visiting: Donald Samuels, Frank Kirkland,Sean Rego, Nancy Stalter and Krystin Robertson
County Attorney: Ken Evers
Staff: Bill Lambert, Sarah Pelham and Kristi Schierling
Minutes: Vanessa Hernandez made a motion to accept the minutes and Jim See seconded the motion.
Motion passed unanimously.
Agenda: Jim See made a motion to accept the agenda and Vanessa Hernandez seconded the motion.
Motion passed unanimously.
Director's Report
Tab1- 2012-2013 IDA Budget-discussion engaging CliftonLarsonAIIen to assist in budget preparation
for EDC/IDA FY 2012-2013
Lory Durrance made a motion to hire CliftonLarsonAIIen on a temporary basis of $165/hr to get us
through the budget process. Vanessa Hernandez seconded the motion. Motion passed unanimously.
Since the audit is now complete Robin Weeks will no longer be used under the emergency guidelines.
They have also expressed their feelings of not wanting to continue doing the GASB accounting for the
IDA. Bill Lambert feels that CliftonLarsonAIIen is competent enough to take over and would like to hire
them on an interim period paying $165/hr for the budget preparing process. CliftonLarsonAIIen has
agreed and can start next week if approved. Bill Lambert would also like for them to become our
permanent accounting firm since they are already aware of our uniqueness and the income streams that
the IDA has. If that happens, we will have to RFP for a new auditor.
Tab2-Request for Proposal presentation related to accounting services
Jim See made a motion to allow Ken Evers and Bill Lambert to make any last minute changes if needed
to the RFP and post it. Lory Durrance seconded the motion. Motion passed unanimously.
A draft RFP has been prepared. Our immediate need is the budget process. Bill Lambert would like to
see Wicks Brown respond to the RFP. He believes they would be a good firm for us to use.
Tab3-Special District Conference Report- Florida Association of Special Districts: Kristi Schierling and
Sarah Pelham
Kristi Schierling gave a brief recap of the time spent at the conference. She noted that her and Sarah
Pelham attended sessions on audit and legislative updates. Kristi Schierling and Sarah Pelham also had
lunch with Jack Gaskins who oversees all of the special districts in Florida. Sarah Pelham told the Board
that there are classes in which she and Kristi Schierling are interested in attending that will make them
certified special district managers. Classes are done through Florida State. They both look forward to
attending next year.
IDA Agenda
Page 3
August14,2012
Tab4-Project updates
Command Center- bids should be coming back soon for the contractor and subcontractor
Lightning Bay- It is moving along well. Hopefully we will be funding the building with the EDA grant that
was submitted.
Culvert Crossing- SWFWMD has reviewed the permit application
Retention Pond- The fill dirt is running low so we are looking at doing another retention pond across the
creek on the remaining 30 acres due south of the current pond.
Planning and development of phase 2 in Commerce Park-same as retention pond
Acquisition and retrofit status of PRECO building- We closed on the building Friday. The roof needs to be
cleaned and checked. There will also be a HVAC evaluation and Wesley Redding will be doing the
landscaping.
Unassigned spec building- There is an EDA grant application in for another spec building. Different
entities have already expressed interest in coming to Hardee County and using the spec building.
Financial Report
Michael Prescott made a motion to accept the financials. Jim See seconded the motion. Motion passed
unanimously.
Vanessa Hernandez gave the financial report. We had a fruit income check come in. There was also a
large wire transfer for the purchase of the old PRECO building. We should receive some of those funds
back from the EDA grant. All other expenses and income were normal for the month.
8:18AM
08/10/12
Accrual Basis
Hardee County Industrial Development Authority NEW
Profit & Loss July 2012
Ordinary Income/Expense
Income
361100 · Interest Income gen fd
361101 · Interest income Mosaic accts
362001 · Rental Income
Total Income
Gross Profit
Expense
5193100 ·Professional Fees Legal
5193102 ·Professional Fees Engineering
519320 ·Accounting and audit
5193400 ·Landscaping and Grounds GF
519412 ·Telephone Expense
5194301 · Utilities
519480 ·Advertising
5195206 ·Grove Caretaking/Fertilizer
5196201 ·Spec Building
519835 ·Chamber Marketing Grant Expense
5199102 ·Transfers Out Mosaic
Total Expense
Net Ordinary Income
Net Income
Jul12
63.23
680.35 38,843.56
39,587.14
39,587.14
1,095.00
9, 700.00 14,550.00
3,300.00
76.22 9,951.77
56.75 6,416.65
1,181,146.67
7,246.16 22,373.00
1,255,912.22 -1,216,325.08
-1,216,325.08
Page 1
337500 • EDA Proceeds Gen FD 125,000.00 125,000.00 125,000.00 125,000.00 125,000.00 125,000.00 125,000.00 125,000.00 125,000.00 125,000.00 125,000.00
125,000.00
1,500,000.00
361100 · Interest Income gen fd 250.00 250.00
250.00 250.00
250.00 250.00
250.00
250.00
250.00
250.00
250.00
250.00
3,000.00
361101 ·Interest Income Mosaic accts 216.84 216.84
216.84 216.84
216.84 216.84
216.84
216.84
216.84
216.84
216.84
216.84
2,602.06
362001 · Rental Income 14,610.00 14,610.00
14,610.00 14,610.00
14,610.00 14,610.00
14,610.00
14,610.00
14,610.00
14,610.00
14,610.00
14,610.00
175,320.00
369901·Fruit Income
16,437.00
11,392.00
32,927.00
16,887.00
77,643.00
369907 • Fund Balance Reserves 3,158,663.00 3,158,663,00
Total Income 3,298, 739.84 140,076.84 140,076.84 140,076.84 156,513.84 140,076.84 140,076.84 151,468.84 173,003.84 140,076.84 140,076.84 156,963.84 4,917,228.08
Gross Profit 3,298,739.84 140,076.84 140,076.84 140,076.84 156,513.84 140,076.84 140,076.84 151,468.84 173,003.84 140,076.84 140,076.84 156,963.84 4,917,228.08
Expense
5193100 ·Professional Fees Legal
530.00
530.00
529.00
529.00
529.00
529.00
529.00
529.00
529.00
529.00
529.00
529.00
6,350.00
5193102 ·Professional Fees Engineering 833.37
833.33
833.33
833.33
833.33
833.33
833.33
833.33
833.33
833.33
833.33
833.33
10,000.00
519320 ·Accounting and audit
10,000.00
10,000.00
519322 · Administration paid to EDC 8,337.00 8,333.00
8,333.00 8,333.00
8,333.00 8,333.00
8,333.00 8,333.00
8,333.00
8,333.00
8,333.00
8,333.00
100,000.00
5193402 • Property Management Fees Gen FD 2,250.00 2,250.00
2,250.00 2,250.00
2,250.00
2,250.00
2,250.00
2,250.00
2,250.00
2,250.00
2,250.00
2,250,00
27,000.00
5194301 ·Utilities 1,000.00 1,000.00
1,000.00 1,000.00
1,000.00 1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
1,000.00
12,000.00
519450 • Insurance Expense Gen FO 918.50 916.50
916.50
916.50
916.50
916.50
916.50
916.50
916.50
916.50
916.50
916.50
11,000.00
519460 ·Repairs and Maintenance GF 83.00
83.30
83.37
83.37
83.37
83.37
83.37
83.37
83.37
83.37
83.37
83.37
1,000.00 519480 ·Advertising 125.00
125.00 125.00
125.00 125.00
125.00 125.00
125.00
125.00
125.00
125.00
125.00
1,500.00
5194903 • Property Taxes Gen FD 1,579.00
1,579.00
1,579.04
1,579.44
1,579.44
1,579.44
1,579.44
1,579.44
1,579.44
1,579.44
1,579.44
1,579.44
18,952.00
5194920 ·Permit Fees Gen Fd 416.74 416.66
416.66 416.66
416.66 416.66
416.66
416.66
416.66
416.66
416.66
416.66
5,000.00
5195204 • Other Grove Expenses Gen Fd 3,625.00
3,625.00
3,625.00
3,625.00
3,625.00
3,625.00
3,625.00
3,625.00
3,625.00
3,625.00
3,625.00
3,625.00
43,500.00
5195205 · Bank Service Charges Gen FD 10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
10.00
120.00
5195206 · G rove Caretaking/Fertilizer 918.50
916.50
916.50
916.50
916.50
916.50
916.50
916.50
916.50
916.50
916.50
916.50
11,000.00
5196201·Spec Building 22,825.00
22,821.00
22,821.00
22,821.00
22,821.00
22,821.00
22,821.00
22,821.00
22,821.00
22,821.00
22,821.00
22,821.00
273,856.00
519681· Project K Building Expense Asse 58,337.00 58,333.00 58,333.00 58,333.00 58,333.00 58,333.00 58,333.00 58,333.00 58,333.00 58,333.00
58,333.00
58,333.00
700,000.00
519810 · BOCC Hardee Lakes Grant Exp 20,837.00 20,833.00 20,833.00 20,833.00 20,833.00 20,833.00 20,833.00 20,833.00 20,833.00 20,833.00
20,833.00
20,833.00
250,000.00
519831 • EZ Products Grant Exp 26,409.00
26,409.00 519832 · Blue Water Grant Exp 167,000.00
167,000.00
167,000.00
167,000.00
167,000.00
167,000.00
167,000.00
167,000.00
167,000.00
167,000.00
167,000.00
167,000.00
2,004,000.00
519833 · National Solar Grant Expense 20,837.00
20,833.00
20,833.00
20,833.00
20,833.00
20,833.00
20,833.00
20,833.00
20,833.00
20,833.00
20,833.00
20,833.00
250,000.00
519834 • Pacer Marine Grant Exp SR 5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
5,000.00
60,000.00 519835 ·Chamber Marketing Grant Expense 5,000.00
5,000.00
5,000.00
5,000.00
20,000.00
519836 · Tourism Development 12,500.00
12,500.00
12,500.00
12,500.00
12,500.00
12,500.00
12,500.00
12,500.00
12,500.00
12,500.00
12,500.00
12,500.00
150,000.00 5199902 ·Contingency (fund balance) Gen 925,541.00
925,541.00
Total Expense 1,284,912.11 327,938.29 337,937.40 332,937.80 327,937.80 327,937.80 332,937.80 327,937.80 327,937.80 332,937.80 327,937.80 327,937.80 4,917,228.00
Net Ordinary Income 2,013,827.73 -187,861.45 -197,860.56 -192,860.96 -171,423.96 -187,860.96 -192,860.96 -176,468.96 -154,933.96 -192,860.96 -187,860.96 -170,973.96 0.08
et Income 2,013,827.73 ·187,861.45 -197,860.56 -192,860.96 -171,423.96 -187,860.96 -192,860.96 -176,468.96 -154,933.96 -192,860.96 -187,860.96 -170,973.96 0.08
8:18AM Hardee County Industrial Development Authority NEW
08/10/12 Profit & Loss Budget Overview
Accrual Basis October 2011 through September 2012
TOTAL
------oc-n - - oecn- -- fr- - FiDf2-- --pflf3 r f2- - - Aprf2- - May-u-- - - Jiiii f2- -----.urn-- --,.;ugf2- -- s&p-n- -<lCI"f1-
""Sop U
Ordinary Income/Expense
Income
N
Page 1
Hardee County Industrial Development Authority NEW 8:18AM
Page 1
Oct '11 • Sep 12 Budget Oct '11 • Sep 12 YTD Budget Annual Budget
Ordinary Income/Expense
Income
337500 · EDA Proceeds Gen FD
1,051,341.96
1,500,000.00
1,051,341.96
1,500,000.00
1,500,000.00
361100 · Interest Income gen fd 250.51 3,000.00 250.51 3,000.00 3,000.00
361101 · Interest income Mosaic accts 4,120.59 2,602.08 4,120.59 2,602.08 2,602.08
362001 · Rental Income 112,066.58 175,320.00 112,066.58 175,320.00 175,320.00
369901 ·Fruit Income 108,398.29 77,643.00 108,398.29 77,643.00 77,643.00
369902 ·Misc. Income Gen Fd 540,748.27 540,748.27 369903 ·Misc. Income Mosaic Fd 5,402,543.20 5,402,543.20 369907 · Fund Balance Reserves 0.00 3,158,663.00 0.00 3,158,663.00 3,158,663.00
381001 ·Transfer In Mosaic Fd 80,949.61 80,949.61 Total Income 7,300,419.01 4,917,228.08 7,300,419.01 4,917,228.08 4,917,228.08
Gross Profit
7,300,419.01
4,917,228.08
7,300,419.01
4,917,228.08
4,917,228.08
Expense
519207 · Misc. Other Expenses
1,147.00
1,147.00
5193100 ·Professional Fees Legal 10,390.00 6,350.00 10,390.00 6,350.00 6,350.00
5193102 ·Professional Fees Engineering 10,200.00 10,000.00 10,200.00 10,000.00 10,000.00
5193103 ·Professional fees appraisals 2,500.00 2,500.00 519320 · Accounting and audit 65,188.00 10,000.00 65,188.00 10,000.00 10,000.00
519322 ·Administration paid to EDC 0.00 100,000.00 0.00 100,000.00 100,000.00
5193400 ·Landscaping and Grounds GF 11,300.00 11,300.00 5193402 ·Property Management Fees Gen FD 1,000.00 27,000.00 1,000.00 27,000.00 27,000.00
519412 ·Telephone Expense 901.28 901.28 5194301 ·Utilities 17,742.20 12,000.00 17,742.20 12,000.00 12,000.00
519450 ·Insurance Expense Gen FD 11'107.49 11,000.00 11,107.49 11,000.00 11,000.00
519460 · Repairs and Maintenance GF 424.78 1,000.00 424.78 1,000.00 1,000.00
519480 · Advertising 420.00 1,500.00 420.00 1,500.00 1,500.00
5194903 ·Property Taxes Gen FD 18,952.07 18,952.00 18,952.07 18,952.00 18,952.00
5194920 ·Permit Fees Gen Fd 2,912.00 5,000.00 2,912.00 5,000.00 5,000.00
5195204 ·Other Grove Expenses Gen Fd 11,716.68 43,500.00 11,716.68 43,500.00 43,500.00
5195205 ·Bank Service Charges Gen FD 53.39 120.00 53.39 120.00 120.00
5195206 ·Grove Caretaking/Fertilizer 22,805.58 11,000.00 22,805.58 11,000.00 11,000.00
5196201 · Spec Building 1'191,268.92 273,856.00 1,191,268.92 273,856.00 273,856.00
519681 · Project K Building Expense Asse 660,092.34 700,000.00 660,092.34 700,000.00 700,000.00
519810 · BOCC Hardee Lakes Grant Exp 0.00 250,000.00 0.00 250,000.00 250,000.00
519831 · EZ Products Grant Exp 26,409.25 26,409.00 26,409.25 26,409.00 26,409.00
519832 ·Blue Water Grant Exp 2,495,609.00 2,004,000.00 2,495,609.00 2,004,000.00 2,004,000.00
519833 · National Solar Grant Expense 0.00 250,000.00 0.00 250,000.00 250,000.00
519834 ·Pacer Marine Grant Exp SR 0.00 60,000.00 0.00 60,000.00 60,000.00
519835 ·Chamber Marketing Grant Expense 15,954.60 20,000.00 15,954.60 20,000.00 20,000.00
519836 ·Tourism Development 44,746.00 150,000.00 44,746.00 150,000.00 150,000.00
5199101 ·Transfers Out Gen FD 483,492.81 483,492.81 5199102 ·Transfers Out Mosaic 522,373.00 522,373.00 5199902 ·Contingency (fund balance) Gen 0.00 925,541.00 0.00 925,541.00 925,541.00
Total Expense 5,628,706.39 4,917,228.00 5,628,706.39 4,917,228.00 4,917,228.00
Net Ordinary Income
1,671'712.62
0.08
1,671,712.62
0.08
0.08
et Income
1,671,712.62
0.08
1,671,712.62
0.08
0.08
08/10/12 Profit & Loss Budget Performance
Accrual Basis October 2011 through September 2012
N
Hardee County Industrial Development Authority NEW 8:18AM
Page 1
08/10/12 Profit & Loss Budget vs. Actual Accrual Basis July 2012
Ordinary Income/Expense
Income
Jul12 Budget $ Over Budget %of Budget
337500 · EDA Proceeds Gen FD 0.00 125,000.00 -125,000.00 0.0%
361100 · Interest Income gen fd 63.23 250.00 -186.77 25.3%
361101 · Interest income Mosaic accts 680.35 216.84 463.51 313.8%
362001 · Rental Income 38,843.56 14,610.00 24,233.56 265.9%
Total Income 39,587.14 140,076.84 -100,489.70 28.3%
Gross Profit 39,587.14 140,076.84 -100,489.70 28.3%
Expense
5193100 ·Professional Fees Legal 1,095.00 529.00 566.00 207.0%
5193102 ·Professional Fees Engineering 9,700.00 833.33 8,866.67 1,164.0%
519320 ·Accounting and audit 14,550.00
519322 ·Administration paid to EDC 0.00 8,333.00 -8,333.00 0.0%
5193400 ·Landscaping and Grounds GF 3,300.00
5193402 · Property Management Fees Gen FD 0.00 2,250.00 -2,250.00 0.0%
519412 ·Telephone Expense 76.22
5194301 ·Utilities 9,951.77 1,000.00 8,951.77 995.2%
519450 · Insurance Expense Gen FD 0.00 916.50 -916.50 0.0%
519460 ·Repairs and Maintenance GF 0.00 83.37 -83.37 0.0%
519480 ·Advertising 56.75 125.00 -68.25 45.4%
5194903 · Property Taxes Gen FD 0.00 1,579.44 -1,579.44 0.0%
5194920 ·Permit Fees Gen Fd 0.00 416.66 -416.66 0.0%
5195204 ·Other Grove Expenses Gen Fd 0.00 3,625.00 -3,625.00 0.0%
5195205 · Bank Service Charges Gen FD 0.00 10.00 -10.00 0.0% 5195206 ·Grove Caretaking/Fertilizer 6,416.65 916.50 5,500.15 700.1%
5196201 · Spec Building 1'181'146.67 22,821.00 1'158,325.67 5,175.7% 519681 ·Project K Building Expense Asse 0.00 58,333.00 -58,333.00 0.0%
519810 · BOCC Hardee Lakes Grant Exp 0.00 20,833.00 -20,833.00 0.0% 519832 ·Blue Water Grant Exp 0.00 167,000.00 -167,000.00 0.0%
519833 · National Solar Grant Expense 0.00 20,833.00 -20,833.00 0.0% 519834 · Pacer Marine Grant Exp SR 0.00 5,000.00 -5,000.00 0.0% 519835 ·Chamber Marketing Grant Expense 7,246.16 5,000.00 2,246.16 144.9% 519836 ·Tourism Development 0.00 12,500.00 -12,500.00 0.0%
5199102 ·Transfers Out Mosaic 22,373.00
Total Expense 1,255,912.22 332,937.80 922,974.42 377.2%
Net Ordinary Income -1,216,325.08 -192,860.96 -1,023,464.12 630.7%
Net Income -1,216,325.08 -192,860.96 -1,023,464.12 630.7%
Page 1
Hardee County Industrial Development Authority NEW 8:17AM
08/10/12
Accrual Basis
Balance Sheet As of July 31, 2012
ASSETS
Current Assets
Checking/Savings
101004 ·WSB Mosaic
101009 ·WSB Sales
Total Checking/Savings
Accounts Receivable
115001 ·Accounts Receivable Rental Inc
133001 ·Due from Other Governments EDA
Total Accounts Receivable
Total Current Assets
Fixed Assets
161900 ·Land Common Areas of Park
161901 · Land Retention Pond
161902 · Land Lot 1
161903 · Land Lot 10
161904 · Land Entrance
161905 · Land Entrance Lot
161906 · Land Other 1
161907 ·Land Other 2
162900 ·Terrell Rental House 06990
162901 · Terrell Rental House 5620
162903 · Building Lot 1
162904 ·Building Lot 10
163901 ·Accum Depreciation Buildings
164900 ·Improvements Entrance Sign
164902 ·Improvements Fencing
165900 ·Accumulated Depreciation lmprov
170902 · Infrastructure Road
170950 · Accum Depreciation Other Assets
Total Fixed Assets
TOTAL ASSETS
LIABILITIES & EQUITY
Equity
247004 · Restriced FB EZ Products Spec R
247005 · Restrictd FB Blue Water Spec Re
247006 · Restricted FB BOCC Lakes SP
247007 · Restricted FB Nat'l Solar SP
247008 · Restricted FB Pacer Marine SP
247009 · Restricted FB Chamber Marketing
271000 · Fund Balance Not Restricted GF
30000 · Opening Balance Equity Net Income
Total Equity
TOTAL LIABILITIES & EQUITY
Jul31,12
4,896,160.93
1,489,165.86
6,385,326. 79
4,754.00
626,289.00
631,043.00 7,016,369.79
317,815.79
30,000.00
69,000.00 85,000.00
5,801.48 6,434.07
148,728.93
138,391.74 275,000.00
110,000.00 661,143.50 325,418.00 -77,652.08
64,745.00 27,092.81
-37,901.63
776,473.00 -229,706.00
2,695,784.61
9,712,154.40
300,000.00
2,004,000.00 250,000.00
250,000.00 60,000.00
20,000.00 3,326,827.61 1,765,261.17
1,736,065.62
9,712,154.40
9,712,154.40
Page 1
Hardee County Industrial Development Authority NEW 8:19AM
08/10/12 Reconciliation Detail 101004 · WSB Mosaic, Period Ending 07/31/2012
Type Date Num Name Clr Amount Balance
Beginning Balance 6,139,321.41
Cleared Transactions
Checks and Payments • 15 items
Check 7/3/2012 23 Hunter Engineering ... X -1,600.00 -1,600.00
Check 7/6/2012 wire out Andrew Jackson Tr... X -973 '186.48 -974,786.48
Check 7/6/2012 25 Hardee County Cha... X -22,373.00 -997'159.48
Check 7/6/2012 26 Robin C. Weeks CPA X -14,200.00 -1,011,359.48
Check 7/6/2012 27 Hunter Engineering ... X -2,100.00 -1,013,459.48
Check 7/6/2012 24 L. Cobb Construction X -1,500.00 -1,014,959.48
Check 7/6/2012 28 CliftonlarsonAIIen, ... X -350.00 -1,015,309.48
Check 7/13/2012 29 Andrew Jackson Tr... X -200,000.00 -1,215,309.48
Check 7/13/2012 30 Mid Florida Crop ln... X -7,960.19 -1,223,269.67
Check 7/17/2012 31 Kenneth Evers PA X -630.00 -1,223,899.67
Check 7/17/2012 32 Kenneth Evers PA X -195.00 -1,224,094.67
Check 7/30/2012 34 Hardee County Cha... X -7,246.16 -1,231,340.83
Check 7/30/2012 35 Hunter Engineering ... X -2,300.00 -1,233,640.83
Check 7/30/2012 33 Hunter Engineering ... X -2,200.00 -1,235,840.83
Check 7/31/2012 36 PRECO X -8,000.00 -1,243,840.83
Total Checks and Payments -1,243,840.83 -1,243,840.83
Deposits and Credits • 1 item
Deposit 7/31/2012 X 680.35 680.35
Total Deposits and Credits 680.35 680.35
Total Cleared Transactions -1,243,160.48 -1,243,160.48
Cleared Balance
-1,243,160.48
4,896,160.93
Register Balance as of 07/31/2012
-1,243,160.48
4,896,160.93
New Transactions
Checks and Payments • 1 item
Check 8/7/2012 37 LifeSync Tech -62,243.00 -62,243.00
Total Checks and Payments -62,243.00 -62,243.00
Total New Transactions
-62,243.00
-62,243.00
Ending Balance
·1,305,403.48
4,833,917.93
Page 1
Hardee County Industrial Development Authority NEW
Reconciliation Detail 101009 · WSB Sales, Period Ending 07/31/2012
8:19AM
08/10/12
Type
Beginning Balance
Date Num Name Clr Amount Balance
1,463,330.46
Cleared Transactions
Checks and Payments - 7 items
Check 6/20/2012 1051 Redding Lawn & La... X -1,000.00 -1,000.00
Check 7/2/2012 1054 Conley Grove Servi... X -6,416.65 -7,416.65
Check 7/2/2012 1056 PRECO X -976.39 -8,393.04
Check 7/2/2012 1053 Century Link X -76.22 -8,469.26
Check 7/2/2012 1055 Herald Advocate X -56.75 -8,526.01
Check 7/17/2012 1058 Redding Lawn & La... X -1,000.00 -9,526.01
Check 7/17/2012 1057 Kenneth Evers PA X -270.00 -9,796.01
Total Checks and Payments -9,796.01 -9,796.01
Deposits and Credits - 4 items Deposit 7/5/2012 X 1,353.72 1,353.72
Deposit 7/6/2012 X 35,489.84 36,843.56 Deposit 7/30/2012 X 2,000.00 38,843.56
Deposit 7/31/2012 X 63.23 38,906.79
Total Deposits and Credits 38,906.79 38,906.79
To
tal Cleared Transactions
29,110.78
29,110.78
Cleared
Balance
29,110.78
1,492,441.24
Uncleared Transactions
Checks and Payments - 2 items Check 7/30/2012 1060 Redding Lawn & La... -2,300.00 -2,300.00 Check 7/30/2012 1059 PRECO -975.38 -3,275.38
Total Checks and Payments
Total Uncleared Transactions
Register Balance as of 07/31/2012
New Transactions
Checks and Payments - 1 item
-3,275.38
-3,275.38
25,835.40
-3,275.38
-3,275.38
1,489,165.86
Check 8/3/2012 1061 Conley Grove Servi... -2,110.00 -2,110.00
Total Checks and Payments
Total New Transactions
Ending Balance
-2,110.00 -2,110.00
-2,110.00
-2,110.00
23,725.40
1,487,055.86
Hardee County Industrial Development Authority NEW
Profit & Loss by Class July 2012
8:37AM
08/10/12
Accrual Basis
Page 1
Ordinary Income/Expense Income
361100 · Interest Income gen fd 361101 ·Interest income Mosaic accts 362001 ·Rental Income
Total Income
Grove
(General Fund)
0.00 0.00
1,353.72
1,353.72
Nutra Pure Project K gen fd
(General Fund) (General Fund)
0.00 0.00
0.00 0.00 0.00 37,489.84
- 0.00 37,489.84
Gross Profit
Expense
5193100 ·Professional Fees Legal 5193102 ·Professional Fees Engineering
519320 ·Accounting and audit 5193400 ·Landscaping and Grounds GF 519412 ·Telephone Expense
5194301 ·Utilities 519480 ·Advertising
5195206 ·Grove Caretaking/Fertilizer
5196201 · Spec Building
519835 ·Chamber Marketing Grant Expense 5199102 ·Transfers Out Mosaic
Total Expense
1,353.72
270.00
0.00
0.00 3,300.00
0.00 1,951.77
0.00
6,416.65 0.00 0.00
0.00
11,938.42
0.00 37,489.84
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
76.22 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00 0.00 0.00
0.00 0.00
76.22 0.00
Net Ordinary Income -10,584.70
Net Income -10,584.70
-76.22 37,489.84
-76.22 37,489.84
Hardee County Industrial Development Authority NEW
Profit & Loss by Class July 2012
8:37AM
08/10/12
Accrual Basis
Page 2
General Fund - Other
(General Fund)
Total General Fund
Blue Water
(Special Revenue)
Ordinary Income/Expense
361100 ·Interest Income gen fd 63.23 63.23 0.00
361101 ·Interest income Mosaic accts 0.00 0.00 0.00
362001 · Rental Income 0.00 38,843.56 0.00
Total Income 63.23 38,906.79 0.00
Gross Profit
63.23
38,906.79
0.00
Expense 5193100 · Professional Fees Legal
0.00
270.00
0.00
5193102 ·Professional Fees Engineering 0.00 0.00 0.00
519320 ·Accounting and audit 0.00 0.00 0.00
5193400 · Landscaping and Grounds GF 0.00 3,300.00 0.00
519412 ·Telephone Expense 0.00 76.22 0.00
5194301 · Utilities 0.00 1,951.77 0.00
519480 ·Advertising 56.75 56.75 0.00
5195206 · Grove Caretaking/Fertilizer 0.00 6,416.65 0.00
5196201 ·Spec Building 0.00 0.00 973,186.48
519835 ·Chamber Marketing Grant Expense 0.00 0.00 0.00
Income
5199102 ·Transfers Out Mosaic
Total Expense
Net Ordinary Income
Net Income
0.00 0.00 0.00 -
56.75 12,071.39 973,186.48 - -
6.48 26,835.40 -973,186.48 --
6.48 26,835.40 -973,186.48
Hardee County Industrial Development Authority NEW
Profit & Loss by Class July 2012
8:37AM
08/10/12
Accrual Basis
Ordinary Income/Expense
Income
361100 ·Interest Income gen fd
Chamber Marketing Program
(Special Revenue)
0.00
Special Revenue - Other
(Special Revenue)
0.00
Total Special Revenue
0.00
361101 ·Interest income Mosaic accts
362001 · Rental Income
0.00 0.00
680.35 0.00
680.35 0.00
Total Income
Gross Profit
Expense
0.00 680.35 0.00 680.35
680.35 680.35
5193100 ·Professional Fees Legal 5193102 ·Professional Fees Engineering 519320 ·Accounting and audit
5193400 ·Landscaping and Grounds GF 519412 ·Telephone Expense
5194301 ·Utilities
519480 · Advertising
5195206 ·Grove Caretaking/Fertilizer 5196201 ·Spec Building
519835 ·Chamber Marketing Grant Expense 5199102 ·Transfers Out Mosaic
Total Expense
Net Ordinary Income
Net Income
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
7,246.16 22,373.00
29,619.16 -29,619.16
-29,619.16
825.00 9,700.00
14,550.00 0.00 0.00
8,000.00 0.00 0.00
207,960.19
0.00 0.00
241,035.19 -240,354.84
-240,354.84
825.00 9,700.00
14,550.00
0.00 0.00
8,000.00 0.00 0.00
1,181,146.67 7,246.16
22,373.00
1,243,840.83 -1,243,160.48
-1,243,160.48
Page 3
c
Hardee County Industrial Development Authority NEW
Profit & Loss by Class July 2012
8:37AM
08/10/12
Accrual Basis
TOTAL
Ordinary Income/Expense
361100 ·Interest Income gen fd 63.23 361101 ·Interest income Mosaic accts 680.35
362001 · Rental Income 38,843.56
Total Income 39,587.14
Gross Profit
39,587.14
Expense 5193100 ·Professional Fees Legal 1,095.00 5193102 ·Professional Fees Engineering 9,700.00 519320 ·Accounting and audit 14,550.00 5193400 ·Landscaping and Grounds GF 3,300.00 519412 ·Telephone Expense 76.22 5194301 ·Utilities 9,951.77
519480 ·Advertising 56.75 5195206 ·Grove Caretaking/Fertilizer 6,416.65 5196201 ·Spec Building 1,181,146.67 519835 ·Chamber Marketing Grant Expense 7,246.16 5199102 ·Transfers Out Mosaic 22,373.00
Income
Total Expense 1,255,912.22
Net Ordinary Income -1,216,325.08
Net Income -1,216,325.08
Page 4
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