Del Webb Bexley

Community Development District

Financial Statements

(Unaudited)

April 30, 2018

Prepared by: Rizzetta & Company, Inc.

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Del Webb Bexley Community Development District

Balance Sheet

As of 4/30/2018

(In Whole Numbers)

					Total		General Fixed		
			Capital Projects		Governmental		Assets Account		
	General Fund		Fund		Funds		Group		
Assets									
									
Cash In Bank	597	0	597	0		
Accounts Receivable	14,054	34,632	48,686	0		
Fixed Assets	0		0		0		908,295		
Total Assets	14,651	34,632	49,284	908,295		
Liabilities									
									
Accounts Payable	7,090	0	7,090	0		
Retainage Payable	0	34,632	34,632	0		
Accrued Expenses Payable	700		0		700		0		
Total Liabilities	7,790	34,632	42,422	0		
Fund Equity & Other Credits									
Beginning Fund Balance	0	0	0	908,295		
Net Change in Fund Balance	6,862		0		6,862		0		
Total Fund Equity & Other Credits	6,862		0		6,862		908,295		
Total Liabilities & Fund Equity	14,651	34,632	49,284	908,295		

This statement is unaudited

Del Webb Bexley Community Development District

Statement of Revenues and Expenditures

001 - General Fund

From 10/1/2017 Through 4/30/2018

(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	2,625	1,800	825		60.00%		
District Management	20,100	11,725	10,050	1,675		50.00%		
District Engineer	7,500	4,375	5,839	(1,464)	22.15%		
Disclosure Report	1,000	583	0	583		100.00%		
Trustees Fees	5,000	2,917	0	2,917		100.00%		
Financial & Revenue Collections	3,600	2,100	1,800	300		50.00%		
Assessment Roll	5,000	2,917	0	2,917		100.00%		
Accounting Services	18,000	10,500	6,000	4,500		66.66%		
Auditing Services	4,500	2,625	0	2,625		100.00%		
Arbitrage Rebate Calculation	750	438	0	438		100.00%		
Public Officials Liability Insurance	5,000	2,917	0	2,917		100.00%		
Legal Advertising	5,000	2,917	6,052	(3,135)	(21.03)%		
Bank Fees	150	88	0	88		100.00%		
Dues, Licenses & Fees	100	58	0	58		100.00%		
Miscellaneous Fees	10,000	5,833	0	5,833		100.00%		
Website Hosting, Maintenance,	3,000	1,750	1,600	150		46.66%		
Backup											
Legal Counsel											
District Counsel	20,000	11,667	8,200	3,467		59.00%		
Stormwater Control											
Lake/Pond Bank Maintenance	5,000	2,917	0	2,917		100.00%		
Other Physical Environment											
General Liability Insurance	6,000	3,500	0	3,500		100.00%		
Property & Casualty Insurance	6,000	3,500	5,852	(2,352)	2.46%		
Landscape Maintenance	50,000	29,167	0	29,167		100.00%		
Contingency											
Miscellaneous Contingency	69,800		40,717		0		40,717		100.00%		
Total Expenditures	250,000		145,833		47,192		98,641		81.12%		
Excess Revenues Over/(Under)	0	104,167	6,862	(97,305)		0.00%		
Expenditures											
											
Fund Balance, End of Period	0	104,167	6,862	(97,305)		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 4/30/2018

(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%		

This statement is unaudited

		Del Webb Bexley Community Development District	
			Summary A/R Ledger		
			001 - General Fund		
			From 4/1/2018 Through 4/30/2018		
Invoice Date		Customer Name			Invoice Number	Current Balance	
								
2/28/2018		Pulte Home Company, LLC			DF0218-2	14,054.00	
					Total 001 - General Fund	14,054.00	

This statement is unaudited

			Del Webb Bexley Community Development District	
			Summary A/R Ledger			
			300 - Capital Projects Fund			
			From 4/1/2018 Through 4/30/2018			
Invoice Date		Customer Name			Invoice Number		Current Balance	
								
3/31/2018		NNP Bexley, LLC			DF0318-2		34,632.43	
					Total 300 - Capital	34,632.43	
					Projects Fund			
								
Report Balance						48,686.43	

This statement is unaudited

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 3/1/2018			
				001 - General Fund			
				From 4/1/2018 Through 4/30/2018			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
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			
Rizzetta & Company,	4/1/2018	0000031211		District	3,275.00	
Inc.						Management Fees			
					04/18			
Rizzetta Technology	4/1/2018		INV0000003193		Website	100.00	
Services						Development			
Times Publishing	4/6/2018	609717 040618		173402 Legal	1,292.00	
Company						Advertising 04/18			
									
						Total 001 - General	7,089.50	
						Fund			
									
Report Total							7,089.50	

Del Webb Bexley

COMMUNITY DEVELOPMENT DISTRICT
Supplemental Account

Construction/COI Account Activity Through April 30, 2018

Inflows:	Interest Income		-	
	Developers Contribution	$	873,663.02	
	Developer AR		34,632.43	

		Total Inflows	$	908,295.45			
Outflows:							
							
Requisition	Requisition			Status As of		
Date	Number	Contractor		Amount	04/30/18		
							
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)	Cleared		
03/31/18	Supp 8	RIPA & Associates, LLC		(142,061.63)	Cleared		
03/31/18	Supp 9	RIPA & Associates, LLC		(136,061.76)	Cleared		
		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 April 30, 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:  $	(2,647,989.56)