Attached is the Annual Financial Report of the Vistancia Community Facilities District for the fiscal year ended June 30, 2018. This report was prepared by the city's Finance Department and audited by an independent audit firm, Heinfeld, Meech & Co., P.C. The District received a clean audit opinion with no material misstatements.

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).

There are no previous actions for this item.

A: Receive and accept the District Annual Financial Report

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

Staff recommends the Board receive and accept the Vistancia Community Facilities District Annual Financial Report for the fiscal year ended June 30, 2018.