Del Webb Bexley

Community Development District

Financial Statements
(Unaudited)

January 31, 2018

Prepared by: Rizzetta & Company, Inc.

Wesley Chapel Office
5844 Old Pasco Rd Ste 100
Wesley Chapel, FL 33544
813.994.1001

rizzetta.com

Professionals in Community Management

Del Webb Bexley Community Development District

Balance Sheet

As of 1/31/2018

(In Whole Numbers)

					Total		General Fixed		
			Capital Projects		Governmental		Assets Account		
	General Fund		Fund		Funds		Group		
Assets									
									
Cash In Bank	2,306	0	2,306	0		
Accounts Receivable	10,000	44,872	54,872	0		
Fixed Assets	0		0		0		462,644		
Total Assets	12,306	44,872	57,179	462,644		
Liabilities									
									
Accounts Payable	3,194	0	3,194	0		
Accrued Expenses Payable	200		0		200		0		
Total Liabilities	3,394	0	3,394	0		
Fund Equity & Other Credits									
Beginning Fund Balance	0	0	0	462,644		
Net Change in Fund Balance	8,912		0		8,912		0		
Total Fund Equity & Other Credits	8,912		0		8,912		462,644		
Total Liabilities & Fund Equity	12,306	0	12,306	462,644		

See Notes to Unaudited Financial Statements

Del Webb Bexley Community Development District

Statement of Revenues and Expenditures

001 - General Fund

From 10/1/2017 Through 1/31/2018

(In Whole Numbers)

									Percent Annual		
	Annual Budget		YTD Budget		YTD Actual		YTD Variance	Budget Remaining		
Revenues											
											
Contributions & Donations From											
Private Sources											
Developer Contributions	250,000		250,000		30,000		(220,000)	88.00%		
											
Total Revenues	250,000		250,000		30,000		(220,000)	88.00%		
Expenditures											
Financial & Administrative											
Administrative Services	4,500	1,500	900	600		80.00%		
District Management	20,100	6,700	5,025	1,675		75.00%		
District Engineer	7,500	2,500	4,414	(1,914)	41.15%		
Disclosure Report	1,000	333	0	333		100.00%		
Trustees Fees	5,000	1,667	0	1,667		100.00%		
Financial & Revenue Collections	3,600	1,200	900	300		75.00%		
Assessment Roll	5,000	1,667	0	1,667		100.00%		
Accounting Services	18,000	6,000	3,000	3,000		83.33%		
Auditing Services	4,500	1,500	0	1,500		100.00%		
Arbitrage Rebate Calculation	750	250	0	250		100.00%		
Public Officials Liability Insurance	5,000	1,667	0	1,667		100.00%		
Legal Advertising	5,000	1,667	2,660	(993)	46.80%		
Bank Fees	150	50	0	50		100.00%		
Dues, Licenses & Fees	100	33	0	33		100.00%		
Miscellaneous Fees	10,000	3,333	0	3,333		100.00%		
Website Hosting, Maintenance,	3,000	1,000	0	1,000		100.00%		
Backup											
Legal Counsel											
District Counsel	20,000	6,667	4,189	2,478		79.05%		
Stormwater Control											
Lake/Pond Bank Maintenance	5,000	1,667	0	1,667		100.00%		
Other Physical Environment											
General Liability Insurance	6,000	2,000	0	2,000		100.00%		
Property & Casualty Insurance	6,000	2,000	0	2,000		100.00%		
Landscape Maintenance	50,000	16,667	0	16,667		100.00%		
Contingency											
Miscellaneous Contingency	69,800		23,267		0		23,267		100.00%		
Total Expenditures	250,000		83,333		21,088		62,246		91.56%		
Excess Revenues Over/(Under)	0	166,667	8,912	(157,754)	0.00%		
Expenditures											
											
Fund Balance, End of Period	0	166,667	8,912	(157,754)	0.00%		

See Notes to Unaudited Financial Statements

Del Webb Bexley Community Development District

Statement of Revenues and Expenditures

300 - Capital Projects Fund

From 10/1/2017 Through 1/31/2018

(In Whole Numbers)

			Current Period		Budget To		Budget Percent		
	Annual Budget		Actual		Actual Variance		Remaining		
Revenues									
									
Contributions & Donations From Private									
Sources									
Developer Contributions	0		462,644		462,644		0.00%		
Total Revenues	0	462,644	462,644	0.00%		
Expenditures									
Other Physical Environment									
Improvements Other Than Buildings	0		462,644		(462,644)		0.00%		
Total Expenditures	0		462,644		(462,644)		0.00%		
Excess of Revenues Over/(Under)	0	0	0	0.00%		
Expenditures									
									
Exc. Of Rev./Other Sources Over	0	0	0	0.00%		
Expend./Other Uses									
									
Fund Balance, End of Period	0	0	0	0.00%		

See Notes to Unaudited Financial Statements

			Del Webb Bexley Community Development District	
			Summary A/R Ledger			
			001 - General Fund			
			From 1/1/2018 Through 1/31/2018			
Invoice Date		Customer Name			Invoice Number	Current Balance	
									
1/23/2018		NNP Bexley, LLC			DF0118-1		10,000.00	
					Total 001 - General Fund	10,000.00	

See Notes to Unaudited Financial Statements

			Del Webb Bexley Community Development District	
			Summary A/R Ledger			
			300 - Capital Projects Fund			
			From 1/1/2018 Through 1/31/2018			
Invoice Date		Customer Name			Invoice Number	Current Balance	
								
1/31/2018		NNP Bexley, LLC			ARB005		44,872.36	
					Total 300 - Capital	44,872.36	
					Projects Fund			
								
Report Balance						54,872.36	

See Notes to Unaudited Financial Statements

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 1/1/2018			
				001 - General Fund			
				From 1/1/2018 Through 1/31/2018			
Vendor Name		Invoice Date	Invoice Number		Invoice Description		Current Balance	
									
Clearview Land	1/15/2018	18-10020		Engineering	2,056.25	
Design, P.L.						Services 01/18			
Times Publishing	1/17/2018	567494 01/17/18		173402 Legal	493.60	
Company						Advertising 01/18			
Times Publishing	1/30/2018	584894 01/30/18		173402 Legal	493.60	
Company						Advertising 01/18			
Times Publishing	1/31/2018	584901 01/31/18		173402 Legal	150.40	
Company						Advertising 01/18			
									
						Total 001 - General	3,193.85	
						Fund			
									
Report Total							3,193.85	

Del Webb Bexley

COMMUNITY DEVELOPMENT DISTRICT
Supplemental Account

Construction/COI Account Activity Through January 31, 2018

Inflows:	Interest Income			-			
	Developers Contribution		417,771.34			
	Developer AR	Total Inflows		44,872.36			
			$	462,643.70			
Outflows:							
							
Requisition	Requisition				Status As of		
Date	Number	Contractor		Amount	01/31/18		
							
12/12/17	Supp 1	Hopping Green & Sam	$	(1,368.00)	Cleared		
12/12/17	Supp 2	RIPA & Associates, LLC		(113,323.62)	Cleared		
12/21/17	Supp 3	Hopping Green & Sam		(936.00)	Cleared		
12/21/17	Supp 4	RIPA & Associates, LLC		(302,143.72)	Cleared		
		Total Requisitions:					
				(416,403.34)			

		Total Requisitions and COI:		(417,771.34)			
		Retainage Payable		(44,872.36)			
		Total Outflows:		(462,643.70)			
	Capital Project Fund Balance at January 31, 2018	$	-			
		Outstanding Contracts, net of Retainage:					
							
		RIPA 4.1 South Parcel	$	(460,339.70)			
		Contract Sub-Total:					
				(460,339.70)			
	Committed Funds to be Contributed by Developer: $	460,339.70			

Del Webb Bexley Community Development District

Notes to Unaudited Financial Statements
January 31, 2018

Balance Sheet and Statement of Revenue and Expenditures

1.	This statement is unaudited.

Summary A/R Ledger – Subsequent Collections

2.	General Service Fund – Payment for Invoice #DF0118-1 in the amount of $10,000.00 was received in February 2018.