We are pleased to submit to you the Annual Financial Report of the Vistancia Community Facilities District for the fiscal year ended June 30, 2016.  The report was prepared by the Finance Department of the City of Peoria.  The financial statements and related footnotes were audited by an independent firm of Certified Public Accountants, Heinfeld, Meech & Co., P.C., whose report is included herein.

Responsibility for the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures, rests with the District.  We believe the data is accurate in all material respects and is presented in a manner which fairly sets forth the financial position and results of operation of the District.

The annual financial report includes the District-wide financial statements, fund financial statements and related footnotes as well as Management’s Discussion and Analysis and budgetary comparison schedules. These financial statements have been prepared in accordance with accounting principals generally accepted in the United States of America as prescribed by the Governmental Accounting Standards Board (GASB) and the American Institute of Certified Public Accountants (AICPA).

There are no previous actions for this item.

A: Receive and file the District Annual Financial Report

B: Do not receive and file the District Annual Financial Report

This item has no financial implications.

For fiscal year ended June, 30 2016, the District Annual Financial Report received an unmodified opinion from the independent auditors.  An unmodified opinion is a "clean" audit report, indicating the auditor's opinion that the financial statements are fairly presented in accordance with accounting principles generally accepted in the United States. This is the desired opinion of each organization.  The Annual Report is filed with the Municipal Securities Rulemaking Board (MSRB) as a required annual continuing disclosure for outstanding bond issues in accordance with SEC Rule 15c2-12.