Del Webb Bexley

Community Development District

Financial Statements
(Unaudited)

March 31, 2018

Prepared by: Rizzetta & Company, Inc.

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Del Webb Bexley Community Development District

Balance Sheet

As of 3/31/2018

(In Whole Numbers)

					Total		General Fixed		
			Capital Projects		Governmental		Assets Account		
	General Fund		Fund		Funds		Group		
Assets									
									
Cash In Bank	284	0	284	0		
Accounts Receivable	24,054	313,636	337,690	0		
Fixed Assets	0		0		0		908,295		
Total Assets	24,338	313,636	337,974	908,295		
Liabilities									
									
Accounts Payable	6,333	279,004	285,337	0		
Retainage Payable	0	34,632	34,632	0		
Accrued Expenses Payable	200		0		200		0		
Total Liabilities	6,533	313,636	320,169	0		
Fund Equity & Other Credits									
Beginning Fund Balance	0	0	0	908,295		
Net Change in Fund Balance	17,805		0		17,805		0		
Total Fund Equity & Other Credits	17,805		0		17,805		908,295		
Total Liabilities & Fund Equity	24,338	313,636	337,974	908,295		

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 3/31/2018

(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		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	2,250	1,500	750		66.66%		
District Management	20,100	10,050	8,375	1,675		58.33%		
District Engineer	7,500	3,750	5,439	(1,689)	27.48%		
Disclosure Report	1,000	500	0	500		100.00%		
Trustees Fees	5,000	2,500	0	2,500		100.00%		
Financial & Revenue Collections	3,600	1,800	1,500	300		58.33%		
Assessment Roll	5,000	2,500	0	2,500		100.00%		
Accounting Services	18,000	9,000	5,000	4,000		72.22%		
Auditing Services	4,500	2,250	0	2,250		100.00%		
Arbitrage Rebate Calculation	750	375	0	375		100.00%		
Public Officials Liability Insurance	5,000	2,500	0	2,500		100.00%		
Legal Advertising	5,000	2,500	3,464	(964)	30.72%		
Bank Fees	150	75	0	75		100.00%		
Dues, Licenses & Fees	100	50	0	50		100.00%		
Miscellaneous Fees	10,000	5,000	0	5,000		100.00%		
Website Hosting, Maintenance,	3,000	1,500	1,500	0		50.00%		
Backup											
Legal Counsel											
District Counsel	20,000	10,000	8,100	1,901		59.50%		
Stormwater Control											
Lake/Pond Bank Maintenance	5,000	2,500	0	2,500		100.00%		
Other Physical Environment											
General Liability Insurance	6,000	3,000	0	3,000		100.00%		
Property & Casualty Insurance	6,000	3,000	1,372	1,628		77.13%		
Landscape Maintenance	50,000	25,000	0	25,000		100.00%		
Contingency											
Miscellaneous Contingency	69,800		34,900		0		34,900		100.00%		
Total Expenditures	250,000		125,000		36,249		88,751		85.50%		
Excess Revenues Over/(Under)	0	125,000	17,805	(107,195)	0.00%		
Expenditures											
											
Fund Balance, End of Period	0	125,000	17,805	(107,195)	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 3/31/2018

(In Whole Numbers)

			Current Period		Budget To		Budget Percent		
	Annual Budget		Actual		Actual Variance		Remaining		
Revenues									
									
Contributions & Donations From Private									
Sources									
Developer Contributions	0		908,295		908,295		0.00%		
Total Revenues	0	908,295	908,295	0.00%		
Expenditures									
Other Physical Environment									
Improvements Other Than Buildings	0		908,295		(908,295)		0.00%		
Total Expenditures	0		908,295		(908,295)		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 3/1/2018 Through 3/31/2018			
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	

See Notes to Unaudited Financial Statements

			Del Webb Bexley Community Development District	
			Summary A/R Ledger			
			300 - Capital Projects Fund			
			From 3/1/2018 Through 3/31/2018			
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	
3/30/2018		NNP Bexley, LLC			DF0318-1	214,477.36	
3/31/2018		NNP Bexley, LLC			DF0318-2		34,632.43	
					Total 300 - Capital	313,636.32	
					Projects Fund			
								
Report Balance						337,690.32	

See Notes to Unaudited Financial Statements

		Del Webb Bexley Community Development District	
					Aged Payables by Invoice Date			
					Aging Date - 3/1/2018			
					001 - General Fund			
					From 3/1/2018 Through 3/31/2018			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
										
Hopping Green & Sams	3/1/2018	98844		Legal Services	1,690.50	
						01/18			
Hopping Green & Sams	3/1/2018	99236		Legal Services	2,220.00	
						02/18			
Clearview Land	3/15/2018	18-10549		Engineering	922.50	
Design, P.L.							Services 03/18			
Rizzetta Technology	3/16/2018		INV0000003181		Website	1,500.00	
Services							Development			
										
							Total 001 - General	6,333.00	
							Fund			

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 3/1/2018			
				300 - Capital Projects Fund			
				From 3/1/2018 Through 3/31/2018			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
Hopping Green & Sams	3/29/2018	Supp 7 Hopping		Supp 7-9 Series	880.50	
					2018			
RIPA & Associates,	3/29/2018	Supp 8 RIPA		Supp 7-9 Series	142,061.63	
LLC					2018			
RIPA & Associates,	3/29/2018	Supp 9 RIPA		Supp 7-9 Series	136,061.76	
LLC					2018			
									
						Total 300 - Capital	279,003.89	
						Projects Fund			
									
Report Total							285,336.89	

Del Webb Bexley

COMMUNITY DEVELOPMENT DISTRICT
Supplemental Account

Construction/COI Account Activity Through March 31, 2018

Inflows:	Interest Income		-	
	Developers Contribution	$	594,659.13	
	Developer AR		313,636.32	
		Total Inflows	$	908,295.45			
Outflows:							
							
Requisition	Requisition				Status As of		
Date	Number	Contractor		Amount	03/31/18		
							
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		
02/14/18	Supp 5	RIPA & Associates, LLC		(169,630.19)	Cleared		
02/14/18	Supp 6	RIPA & Associates, LLC		(7,257.60)	Cleared		
03/31/18	Supp 7	Hopping Green & Sam		(880.50)	AP		
03/31/18	Supp 8	RIPA & Associates, LLC		(142,061.63)	AP		
03/31/18	Supp 9	RIPA & Associates, LLC		(136,061.76)	AP		
		Total Requisitions:					
				(873,663.02)			

		Total Requisitions and COI:		(873,663.02)			
		Retainage Payable		(34,632.43)			
		Total Outflows:	$	(908,295.45)			
	Capital Project Fund Balance at March 31, 2018	$	0.00			
		Outstanding Contracts, net of Retainage:					
							
		RIPA 4.1 South Parcel	$	2,647,989.56			
		Contract Sub-Total:					
				2,647,989.56			
	Committed Funds to be Contributed by Developer: $	(2,647,989.55)			

Del Webb Bexley Community Development District

Notes to Unaudited Financial Statements
March 31, 2018

Balance Sheet and Statement of Revenue and Expenditures

1.	This statement is unaudited.

Summary A/R Ledger – Subsequent Collections

2.	Capital Project Fund – Payment for Invoice #ARB005 in the amount of $44,872.36 was received in April 2018.

3.	Capital Project Fund – Payment for Invoice #ARB010 in the amount of $19,654.17 was received in April 2018.
4.	Capital Project Fund – Payment for Invoice #DF0318-1 in the amount of $214,477.36 was received in April 2018.