Del Webb Bexley

Community Development District

Financial Statements

(Unaudited)

August 31, 2018

Prepared by: Rizzetta & Company, Inc.

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Del Webb Bexley Community Development District

Balance Sheet

As of 8/31/2018

(In Whole Numbers)

					Total		General Fixed		
			Capital Projects		Governmental		Assets Account		
	General Fund		Fund		Funds		Group		
Assets									
									
Cash In Bank	3,976	0	3,976	0		
Accounts Receivable	13,514	513,961	527,474	0		
Prepaid Expenses	0	0	0	0		
Fixed Assets	0		0		0		2,691,516		
Total Assets	17,489	513,961	531,450	2,691,516		
Liabilities									
									
Accounts Payable	6,331	335,808	342,139	0		
Retainage Payable	0	178,152	178,152	0		
Accrued Expenses Payable	500		0		500		0		
Total Liabilities	6,831	513,961	520,792	0		
Fund Equity & Other Credits									
Beginning Fund Balance	0	0	0	2,691,516		
Net Change in Fund Balance	10,658		0		10,658		0		
Total Fund Equity & Other Credits	10,658		0		10,658		2,691,516		
Total Liabilities & Fund Equity	17,489	513,961	531,450	2,691,516		

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 8/31/2018

(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	4,125	3,000	1,125		33.33%		
District Management	20,100	18,425	16,750	1,675		16.66%		
District Engineer	7,500	6,875	8,926	(2,051)	(19.01)%		
Disclosure Report	1,000	917	0	917		100.00%		
Trustees Fees	5,000	4,583	0	4,583		100.00%		
Financial & Revenue Collections	3,600	3,300	3,000	300		16.66%		
Assessment Roll	5,000	4,583	0	4,583		100.00%		
Accounting Services	18,000	16,500	10,000	6,500		44.44%		
Auditing Services	4,500	4,125	0	4,125		100.00%		
Arbitrage Rebate Calculation	750	688	0	688		100.00%		
Public Officials Liability Insurance	5,000	4,583	2,016	2,567		59.68%		
Legal Advertising	5,000	4,583	6,632	(2,048)	(32.63)%		
Bank Fees	150	138	0	138		100.00%		
Dues, Licenses & Fees	100	92	150	(58)	(50.00)%		
Miscellaneous Fees	10,000	9,167	0	9,167		100.00%		
Website Hosting, Maintenance,	3,000	2,750	2,000	750		33.33%		
Backup											
Legal Counsel											
District Counsel	20,000	18,333	14,113	4,220		29.43%		
Stormwater Control											
Lake/Pond Bank Maintenance	5,000	4,583	0	4,583		100.00%		
Other Physical Environment											
General Liability Insurance	6,000	5,500	2,464	3,036		58.93%		
Property & Casualty Insurance	6,000	5,500	1,372	4,128		77.13%		
Landscape Maintenance	50,000	45,833	0	45,833		100.00%		
Contingency											
Miscellaneous Contingency	69,800		63,983		0		63,983		100.00%		
Total Expenditures	250,000		229,167		70,423		158,744		71.83%		
Excess Revenues Over/(Under)	0	20,833	10,658	(10,175)	0.00%		
Expenditures											
											
Fund Balance, End of Period	0	20,833	10,658	(10,175)	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 8/31/2018

(In Whole Numbers)

			Current Period		Budget To	Budget Percent		
	Annual Budget		Actual		Actual Variance	Remaining		
Revenues									
									
Contributions & Donations From Private									
Sources									
Developer Contributions	0		2,691,516		2,691,516		0.00%		
Total Revenues	0	2,691,516	2,691,516		0.00%		
Expenditures									
Other Physical Environment									
Improvements Other Than Buildings	0		2,691,516		(2,691,516)		0.00%		
Total Expenditures	0		2,691,516		(2,691,516)		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 8/1/2018 Through 8/31/2018		
Invoice Date		Customer Name			Invoice Number	Current Balance	
								
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	13,513.51	

See Notes to Unaudited Financial Statements

			Del Webb Bexley Community Development District	
			Summary A/R Ledger			
			300 - Capital Projects Fund			
			From 8/1/2018 Through 8/31/2018			
Invoice Date		Customer Name			Invoice Number		Current Balance	
								
8/31/2018		NNP Bexley, LLC			CP0818-1	335,808.30	
8/31/2018		NNP Bexley, LLC			CP0818-2		178,152.41	
					Total 300 - Capital	513,960.71	
					Projects Fund			
								
Report Balance						527,474.22	

See Notes to Unaudited Financial Statements

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 4/1/2018			
				001 - General Fund			
				From 8/1/2018 Through 8/31/2018			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
Hopping Green & Sams	4/30/2018	100030		Legal Services	642.14	
					03/18			
Hopping Green & Sams	4/30/2018	100031		Legal Services	389.00	
					03/18			
Hopping Green & Sams	5/31/2018	100589		Legal Services	1,323.80	
					04/18			
Hopping Green & Sams	6/29/2018	101269		Legal Services	532.35	
					05/18			
Hopping Green & Sams	7/31/2018	101515		Legal Services	1,062.00	
					06/18			
Clearview Land	8/15/2018	18-11436		Engineering	617.50	
Design, P.L.						Services 08/18			
Hopping Green & Sams	8/29/2018	102396		Legal Services	1,683.38	
					07/18			
Hopping Green & Sams	8/29/2018	102397		Bond Validation	80.98	
						Legal Services			
					07/18			
									
						Total 001 - General	6,331.15	
						Fund			

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 4/1/2018			
				300 - Capital Projects Fund			
				From 8/1/2018 Through 8/31/2018			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
Hopping Green & Sams	8/8/2018		Supp 20 Hopping		Supp 20-21 Series	360.09	
				Green	2018			
RIPA & Associates,	8/8/2018		Supp 21 RIPA		Supp 20-21 Series	335,448.21	
LLC					2018			
									
						Total 300 - Capital	335,808.30	
						Projects Fund			
									
Report Total							342,139.45	

DEL WEBB BEXLEY

COMMUNITY DEVELOPMENT DISTRICT
Supplemental Construction Account Series 2016

Construction/COI Account Activity Through August 31, 2018

Inflows:			
Developers Contribution	$	2,177,555.18	
Developer AR		513,960.71	
Total Inflows	$	2,691,515.89	

Outflows:							
Requisition	Requisition				Status As of		
Date	Number	Contractor		Amount	08/31/18		
							
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		
07/16/18	Supp 18	Ferguson Waterworks		(1,623.00)	Cleared		
07/16/18	Supp 19	RIPA & Associates, LLC		(137,833.78)	Cleared		
08/31/18	Supp 20	Hopping Green & Sam		(360.09)	AP		
08/31/18	Supp 21	RIPA & Associates, LLC		(335,448.21)	AP		
		Total Requisitions:					
				(2,513,363.48)			

		Total Requisitions and COI:		(2,513,363.48)			
		Retainage Payable		(178,152.41)			
		Total Outflows:		(2,691,515.89)			
	Capital Project Fund Balance at August 31, 2018	$	(0.00)			
		Outstanding Contracts, net of Retainage:					
							
		RIPA & Associates, LLC	$	84,407.52			

DEL WEBB BEXLEY

COMMUNITY DEVELOPMENT DISTRICT
Supplemental Construction Account Series 2016

Construction/COI Account Activity Through August 31, 2018

Contract Sub-Total:		84,407.52	
Committed Funds to be Contributed by Developer: $	84,407.52	

Del Webb Bexley Community Development District

Notes to Unaudited Financial Statements
August 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 CP0818-1 in the amount of $335,808.30 was received in September 2018.