Del Webb Bexley

Community Development District

Financial Statements

(Unaudited)

July 31, 2018

Prepared by: Rizzetta & Company, Inc.

delwebbbexleycdd.org

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Del Webb Bexley Community Development District

Balance Sheet

As of 7/31/2018

(In Whole Numbers)

					Total		General Fixed		
			Capital Projects		Governmental		Assets Account		
	General Fund		Fund		Funds		Group		
Assets									
									
Cash In Bank	1,275	0	1,275	0		
Accounts Receivable	31,081	125,565	156,647	0		
Prepaid Expenses	0	0	0	0		
Fixed Assets	0		0		0		2,163,664		
Total Assets	32,356	125,565	157,921	2,163,664		
Liabilities									
									
Accounts Payable	13,907	0	13,907	0		
Retainage Payable	0	125,565	125,565	0		
Accrued Expenses Payable	1,300		0		1,300		0		
Total Liabilities	15,207	125,565	140,772	0		
Fund Equity & Other Credits									
Beginning Fund Balance	0	0	0	2,163,664		
Net Change in Fund Balance	17,149		0		17,149		0		
Total Fund Equity & Other Credits	17,149		0		17,149		2,163,664		
Total Liabilities & Fund Equity	32,356	125,565	157,921	2,163,664		

This Statement is Unaudited

Del Webb Bexley Community Development District

Statement of Revenues and Expenditures

001 - General Fund

From 10/1/2017 Through 7/31/2018

(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		81,081		(168,919)	67.56%		
											
Total Revenues	250,000		250,000		81,081		(168,919)	67.57%		
Expenditures											
Financial & Administrative											
Administrative Services	4,500	3,750	2,700	1,050		40.00%		
District Management	20,100	16,750	15,075	1,675		25.00%		
District Engineer	7,500	6,250	9,309	(3,059)	(24.11)%		
Disclosure Report	1,000	833	0	833		100.00%		
Trustees Fees	5,000	4,167	0	4,167		100.00%		
Financial & Revenue Collections	3,600	3,000	2,700	300		25.00%		
Assessment Roll	5,000	4,167	0	4,167		100.00%		
Accounting Services	18,000	15,000	9,000	6,000		50.00%		
Auditing Services	4,500	3,750	0	3,750		100.00%		
Arbitrage Rebate Calculation	750	625	0	625		100.00%		
Public Officials Liability Insurance	5,000	4,167	2,016	2,151		59.68%		
Legal Advertising	5,000	4,167	6,548	(2,382)	(30.96)%		
Bank Fees	150	125	0	125		100.00%		
Dues, Licenses & Fees	100	83	150	(67)	(50.00)%		
Miscellaneous Fees	10,000	8,333	0	8,333		100.00%		
Website Hosting, Maintenance,	3,000	2,500	1,900	600		36.66%		
Backup											
Legal Counsel											
District Counsel	20,000	16,667	10,698	5,969		46.51%		
Stormwater Control											
Lake/Pond Bank Maintenance	5,000	4,167	0	4,167		100.00%		
Other Physical Environment											
General Liability Insurance	6,000	5,000	2,464	2,536		58.93%		
Property & Casualty Insurance	6,000	5,000	1,372	3,628		77.13%		
Landscape Maintenance	50,000	41,667	0	41,667		100.00%		
Contingency											
Miscellaneous Contingency	69,800		58,167		0		58,167		100.00%		
Total Expenditures	250,000		208,334		63,932		144,402		74.43%		
Excess Revenues Over/(Under)	0	41,667	17,149	(24,517)	0.00%		
Expenditures											
											
Fund Balance, End of Period	0	41,667	17,149	(24,517)	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 7/31/2018

(In Whole Numbers)

			Current Period		Budget To	Budget Percent		
	Annual Budget		Actual		Actual Variance	Remaining		
Revenues									
									
Contributions & Donations From Private									
Sources									
Developer Contributions	0		2,163,664		2,163,664		0.00%		
Total Revenues	0	2,163,664	2,163,664		0.00%		
Expenditures									
Other Physical Environment									
Improvements Other Than Buildings	0		2,163,664		(2,163,664)		0.00%		
Total Expenditures	0		2,163,664		(2,163,664)		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 7/1/2018 Through 7/31/2018		
Invoice Date		Customer Name			Invoice Number	Current Balance	
								
2/28/2018		Pulte Home Company, LLC			DF0218-2	14,054.00	
5/31/2018		Pulte Home Company, LLC			DF0518-2	3,513.51	
6/30/2018		NNP Bexley, LLC			DF0618-1	10,000.00	
6/30/2018		Pulte Home Company, LLC			DF0618-2	3,513.51	
					Total 001 - General Fund	31,081.02	

This Statement is Unaudited

			Del Webb Bexley Community Development District	
			Summary A/R Ledger			
			300 - Capital Projects Fund			
			From 7/1/2018 Through 7/31/2018			
Invoice Date		Customer Name			Invoice Number		Current Balance	
								
6/30/2018		NNP Bexley, LLC			ARB015		125,565.49	
					Total 300 - Capital	125,565.49	
					Projects Fund			
								
Report Balance						156,646.51	

This Statement is Unaudited

		Del Webb Bexley Community Development District	
					Aged Payables by Invoice Date			
						Aging Date - 4/1/2018			
						001 - General Fund			
					From 7/1/2018 Through 7/31/2018			
Vendor Name		Invoice Date	Invoice Number	Invoice Description		Current Balance	
											
Times Publishing	4/6/2018	609717	040618		173402 Legal	1,292.00	
Company								Advertising 04/18			
Hopping Green & Sams	5/1/2018	100031			Legal Services	642.14	
							03/18			
Times Publishing	5/11/2018	632456	05/11/18		173402 Legal	80.80	
Company								Advertising 05/18			
Clearview Land	5/15/2018	18-10781		Engineering	102.50	
Design, P.L.								Services 04/18			
Times Publishing	5/31/2018	053118			173402 Legal	19.67	
Company								Advertising 05/18			
Hopping Green & Sams	5/31/2018	100589			Legal Services	1,323.80	
							04/18			
Clearview Land	5/31/2018	18-10385		Engineering	1,742.50	
Design, P.L.								Services 02/18			
Rizzetta Technology	6/1/2018		INV0000003371		Website	100.00	
Services								Development 06/18			
Rizzetta & Company,	6/1/2018		INV0000032684		District	3,275.00	
Inc.								Management Fees			
							06/18			
Clearview Land	6/15/2018	18-11007		Engineering	820.00	
Design, P.L.								Services 06/18			
Clearview Land	6/15/2018	18-11008		Engineering	205.00	
Design, P.L.								Services 05/18			
Times Publishing	6/15/2018	641960	06/15/18		173402 Legal	92.80	
Company								Advertising 06/18			
Times Publishing	6/15/2018	647126	06/15/18		173402 Legal	83.20	
Company								Advertising 06/18			
Hopping Green & Sams	6/29/2018		101269			Legal Services	532.35	
							05/18			
Rizzetta Technology	7/1/2018		INV0000003459		Website Hosting	100.00	
Services							07/18			
Rizzetta & Company,	7/1/2018		INV0000033266		District	3,275.00	
Inc.								Management Fees			
							07/18			
Times Publishing	7/6/2018	644087	07/06/18		173402 Legal	220.00	
Company								Advertising 07/18			
											
								Total 001 - General	13,906.76	
								Fund			

Report Total	13,906.76

DEL WEBB BEXLEY

COMMUNITY DEVELOPMENT DISTRICT
Supplemental Construction Account

Construction/COI Account Activity Through July 31, 2018

Inflows:			
Developers Contribution	$	2,038,098.40	
Developer AR		125,565.49	
Total Inflows	$	2,163,663.89	

Outflows:							
Requisition	Requisition				Status As of		
Date	Number	Contractor		Amount	07/31/18		
							
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)	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		
05/23/18	Supp 10	Ferguson Waterworks		(115,814.94)	Cleared		
05/23/18	Supp 11	RIPA & Associates, LLC		(322,439.40)	Cleared		
05/31/18	Supp 12	Ferguson Waterworks		(54,181.50)	Cleared		
05/31/18	Supp 13	Hopping Green & Sam		(96.00)	Cleared		
05/31/18	Supp 14	RIPA & Associates, LLC		(432,203.38)	Cleared		
06/12/18	Supp 15	Ferguson Waterworks		(28,335.82)	Cleared		
06/12/18	Supp 16	Forterra Pipe & Precast, LLC		(147,609.52)	Cleared		
06/12/18	Supp 17	RIPA & Associates, LLC		(63,754.82)	Cleared		
		Total Requisitions:					
				(2,038,098.40)			

		Total Requisitions and COI:		(2,038,098.40)			
		Retainage Payable		(125,565.49)			
		Total Outflows:		(2,163,663.89)			
		Capital Project Fund Balance at July 31, 2018	$	(0.00)			
		Outstanding Contracts, net of Retainage:					
							
		RIPA 4.1 South Parcel	$	1,286,541.48			
		Contract Sub-Total:					
				1,286,541.48			
	Committed Funds to be Contributed by Developer: $	1,286,541.49