Summary:
Attached is the Annual Financial Report of the Vistancia West Community Facilities District for the fiscal year ended June 30, 2023. This report was prepared by the City's Finance Department and audited by an independent audit firm, CliftonLarsonAllen.
An annual audit by an independent audit firm is required to meet the District's continuing disclosure requirements for its outstanding bond obligations. The Annual Financial Report is posted on the Municipal Securities Rule Making Board's website and District website.
The District received a clean audit opinion with no material misstatements. The independent auditors’ report on the financial statements expresses an opinion that the basic financial statements present fairly, in all material respects, the financial position and results of operations of the District in conformity with U.S. generally accepted accounting principles.
We are responsible for the accuracy of the presented data and the completeness and fairness of the presentation, including all disclosures. 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 principles generally accepted in the United States of America as prescribed by the Governmental Accounting Standards Board (GASB).