Del Webb Bexley

Community Development District

Financial Statements

(Unaudited)

February 28, 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 of2/28/2018

(In Whole Numbers)

					Total		General Fixed		
			Capital Projects		Governmental		Assets Account		
	General Fund		Fund		Funds		Group		
Assets									
									
Cashin Bank	5,608	0	5,608	0		
Accounts Receivable	24,054	64,527	88,581	0		
Fixed Assets	0		0		0		659,186		
Total Assets	29,662	64 527	94188	659186		
Liabilities									
									
Accounts Payable	2,049	0	2,049	0		
Retainage Payable	0	64,527	64,527	0		
Accrued Expenses Payable	300		0		300		0		
Total Liabilities	2,349	64,527	66,875	0		
Fund Equity & Other Credits									
Beginning Fund Balance	0	0	0	659,186		
Net Change in Fund Balance	27,313		0		27,313		0		
Total Fund Equity & Other Credits	27,313		0		27,313		659,186		
Total Liabilities & Fund Equity	29,662	64 527	94188	659,186		

This Statement is Unaudited

Del Webb Bexley Community Development District

Statement of Revenues and Expenditures

001 - General Fund

From 10/1/2017 Through 2/28/2018

(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		54,054		(195,946)	78.37%		
											
Total Revenues	250,000		250,000		54,054		(195,946)	78.38%		
Expenditures											
Financial & Administrative											
Administrative Services	4,500	1,875	1,200	675		73.33%		
District Management	20,100	8,375	6,700	1,675		66.66%		
District Engineer	7,500	3,125	4,516	(1,391)	39.78%		
Disclosure Report	1,000	417	0	417		100.00%		
Trustees Fees	5,000	2,083	0	2,083		100.00%		
Financial & Revenue Collections	3,600	1,500	1,200	300		66.66%		
Assessment Roll	5,000	2,083	0	2,083		100.00%		
Accounting Services	18,000	7,500	4,000	3,500		77.77%		
Auditing Services	4,500	1,875	0	1,875		100.00%		
Arbitrage Rebate Calculation	750	313	0	313		100.00%		
Public Officials Liability Insurance	5,000	2,083	0	2,083		100.00%		
Legal Advertising	5,000	2,083	3,464	(1,380)	30.72%		
Bank Fees	150	63	0	63		100.00%		
Dues, Licenses & Fees	100	42	0	42		100.00%		
Miscellaneous Fees	10,000	4,167	0	4,167		100.00%		
Website Hosting, Maintenance,	3,000	1,250	0	1,250		100.00%		
Backup											
Legal Counsel											
District Counsel	20,000	8,333	4,289	4,044		78.55%		
Stormwater Control											
Lake/Pond Bank Maintenance	5,000	2,083	0	2,083		100.00%		
Other Physical Environment											
General Liability Insurance	6,000	2,500	0	2,500		100.00%		
Property & Casualty Insurance	6,000	2,500	1,372	1,128		77.13%		
Landscape Maintenance	50,000	20,833	0	20,833		100.00%		
Contingency											
Miscellaneous Contingency	69,800		29,083		0		29,083		100.00%		
Total Expenditures	250,000		104,167		26,741		77,426		89.30%		
Excess Revenues Over/(Under)	0	145,833	27,313	(118,520)	0.00%		
Expenditures											
											
Fund Balance, End of Period	0	145,833	27,313	(118,520)	0.00%		

This Statement is Unaudited

Del Webb Bexley Community Development District

Statement of Revenues and Expenditures

300 - Capital Projects Fund

From 10/1/2017 Through 2/28/2018

(In Whole Numbers)

			Current Period		Budget To	Budget Percent		
	Annual Budget		Actual	Actual Variance	Remaining		
Revenues									
									
Contributions & Donations From Private									
Sources									
Developer Contributions	0		659,186		659,186		0.00%		
Total Revenues	0	659,186	659,186		0.00%		
Expenditures									
Other Physical Environment									
Improvements Other Than Buildings	0		659,186		(659,186)		0.00%		
Total Expenditures	0		659,186		(659,186)		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%		

This Statement is Unaudited

		Del Webb Bexley Community Development District	
			Summary A/R Ledger		
			001 - General Fund		
			From 2/1/2018 Through 2/28/2018		
Invoice Date		Customer Name			Invoice Number	Current Balance	
								
2/28/2018		NNP Bexley, LLC			DF0218-1	10,000.00	
2/28/2018		Pulte Home Company, LLC			DF0218-2	14,054.00	
					Total 001 - General Fund	24,054.00	

This Statement is Unaudited

			Del Webb Bexley Community Development District	
			Summary A/R Ledger			
			300 - Capital Projects Fund			
			From 2/1/2018 Through 2/28/2018			
Invoice Date		Customer Name			Invoice Number		Current Balance	
								
1/31/2018		NNP Bexley, LLC			ARB005	44,872.36	
2/28/2018		NNP Bexley, LLC			ARB010		19,654.17	
					Total 300 - Capital	64,526.53	
					Projects Fund			
								
Report Balance						88,580.53	

This Statement is Unaudited

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 2/1/2018			
				001 - General Fund			
				From 2/1/2018 Through 2/28/2018			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
Clearview Land	2/15/2018	18-10189		Engineering	102.50	
Design, P.L.						Services 02/18			
Times Publishing	2/16/2018	596376 02/16/18		173402 Legal	80.80	
Company						Advertising 02/18			
Times Publishing	2/21/2018	584912 02/21/18		173402 Legal	493.60	
Company						Advertising 02/18			
Egis Insurance Risk &	2/28/2018	6892		Policy #1001733	1,372.00	
Advisors					11/08/2017 -			
					10/01/2018			
									
						Total 001 - General	2,048.90	
						Fund			
									
Report Total							2,048.90	

Del Webb Bexley

COMMUNITY DEVELOPMENT DISTRICT
Supplemental Account

Construction/COI Account Activity Through February 28, 2018

Inflows:	Interest Income		-	
	Developers Contribution	$	594,659.13	
	Developer AR		64,526.53	

		Total Inflows	$	659,185.66			
Outflows:							
							
Requisition	Requisition				Status As of		
Date	Number	Contractor		Amount	02/28/18		
							
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		
02/14/18	Supp 5	RIPA & Associates, LLC		(169,630.19)	Cleared		
02/14/18	Supp 6	RIPA & Associates, LLC		(7,257.60)	Cleared		
		Total Requisitions:					
				(594,659.13)			

		Total Requisitions and COI:		(594,659.13)			
		Retainage Payable		(64,526.53)			
		Total Outflows:	$	(659,185.66)			
	Capital Project Fund Balance at February 28, 2018	$	(0.00)			
		Outstanding Contracts, net of Retainage:					
							
		RIPA 4.1 South Parcel	$	995,349.04			
		Contract Sub-Total:					
				995,349.04			
	Committed Funds to be Contributed by Developer:  $	(995,349.04)			

Del Webb Bexley Community Development District

Notes to Unaudited Financial Statements
February 28, 2018

Balance Sheet and Statement of Revenue and Expenditures

1.	This statement is unaudited.