Four Villages community development districts received clean bills of health Friday from audits of their financial accounts.
CDDs 1-4 all received high marks from auditors of the Purvis, Gray & Co. accounting firm.
The auditors found no weaknesses or control issues, said Villages finance director Ken Blocker.
CDD 1 may be in the strongest financial shape with $16.1 million in total assets and $52,000 in liabilities.
The low amount of liabilities is largely because the older district has paid off its infrastructure bonds. Districts are funded by resident maintenance fees.
During the last fiscal year ending Sept. 30, CDD 1 had revenue of $907,000 and $886,900 in expenses. The district had $1.6 million in short-term investments and $233,000 in long-term investments, Blocker said.
Hurricane Irma costs were about $30,000 through Sept. 30 plus more expenses during the current year.
CDD 2, another older district, will be free of its infrastructure bonds when the next fiscal year begins on Oct. 1, said Mark White, a partner with Purvis, Gray & Co.
The district had total assets of $12 million and liabilities of $538,000.
Blocker said CDD 2 had revenue of $1.1 million and expenses of just over $1 million during the last fiscal year. The district had short-term investments of $2.1 million and long-term investments of $290,000.
Hurricane Irma costs were $121,816 during the last fiscal year ending Sept. 30 plus more expenses this year.
In CDD 3, total assets were $21.9 million with liabilities of $4.3 million. Last year’s revenue was $1.25 million and expenses were $1.39 million.
The district had $1.9 million in short-term investments and $255,000 in long-term investments. CDD 4 had $41.3 million in assets and $13.9 million in liabilities, Blocker said.
During the last fiscal year, the district had revenue of $2.3 million and expenses of $3.6 million. CDD 4 had short-term investments of $7.4 million and long-term investments of $591,687.
The district’s Hurricane Irma expenses were $369,455.
