Del Webb Bexley

Community Development District

Financial Statements

(Unaudited)

September 30, 2018

Prepared by: Rizzetta & Company, Inc.

delwebbbexleycdd.org

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Del Webb Bexley Community Development District

Balance Sheet

As of 9/30/2018

(In Whole Numbers)

					Total		General Fixed		
			Capital Projects		Governmental		Assets Account		
	General Fund		Fund		Funds		Group		
Assets									
									
Cash In Bank	8,163	0	8,163	0		
Accounts Receivable	0	271,805	271,805	0		
Prepaid Expenses	0	0	0	0		
Fixed Assets	0		0		0		2,785,168		
Total Assets	8,163	271,805	279,967	2,785,168		
Liabilities									
									
Accounts Payable	1,665	85,211	86,876	0		
Retainage Payable	0	186,593	186,593	0		
Deferred Revenue	5,998	0	5,998	0		
Accrued Expenses Payable	500		0		500		0		
Total Liabilities	8,163	271,805	279,967	0		
Fund Equity & Other Credits									
Beginning Fund Balance	0	0	0	2,785,168		
Net Change in Fund Balance	0		0		0		0		
Total Fund Equity & Other Credits	0		0		0		2,785,168		
Total Liabilities & Fund Equity	8,163	271,805	279,967	2,785,168		

This Statement is Unaudited

Del Webb Bexley Community Development District

Statement of Revenues and Expenditures

001 - General Fund

From 10/1/2017 Through 9/30/2018

(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		75,083		(174,917)	69.96%		
											
Total Revenues	250,000		250,000		75,083		(174,917)	69.97%		
Expenditures											
Financial & Administrative											
Administrative Services	4,500	4,500	3,300	1,200		26.66%		
District Management	20,100	20,100	18,425	1,675		8.33%		
District Engineer	7,500	7,500	8,926	(1,426)	(19.01)%		
Disclosure Report	1,000	1,000	0	1,000		100.00%		
Trustees Fees	5,000	5,000	0	5,000		100.00%		
Financial & Revenue Collections	3,600	3,600	3,300	300		8.33%		
Assessment Roll	5,000	5,000	0	5,000		100.00%		
Accounting Services	18,000	18,000	11,000	7,000		38.88%		
Auditing Services	4,500	4,500	0	4,500		100.00%		
Arbitrage Rebate Calculation	750	750	0	750		100.00%		
Public Officials Liability Insurance	5,000	5,000	2,016	2,984		59.68%		
Legal Advertising	5,000	5,000	6,922	(1,922)	(38.43)%		
Bank Fees	150	150	0	150		100.00%		
Dues, Licenses & Fees	100	100	150	(50)	(50.00)%		
Miscellaneous Fees	10,000	10,000	0	10,000		100.00%		
Website Hosting, Maintenance,	3,000	3,000	2,100	900		30.00%		
Backup											
Legal Counsel											
District Counsel	20,000	20,000	15,108	4,892		24.46%		
Stormwater Control											
Lake/Pond Bank Maintenance	5,000	5,000	0	5,000		100.00%		
Other Physical Environment											
General Liability Insurance	6,000	6,000	2,464	3,536		58.93%		
Property & Casualty Insurance	6,000	6,000	1,372	4,628		77.13%		
Landscape Maintenance	50,000	50,000	0	50,000		100.00%		
Contingency											
Miscellaneous Contingency	69,800		69,800		0		69,800		100.00%		
Total Expenditures	250,000		250,000		75,083		174,917		69.97%		
Excess Revenues Over/(Under)	0	0	0	0		0.00%		
Expenditures											
											
Fund Balance, End of Period	0	0	0	0		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 9/30/2018

(In Whole Numbers)

			Current Period		Budget To	Budget Percent		
	Annual Budget		Actual		Actual Variance	Remaining		
Revenues									
									
Contributions & Donations From Private									
Sources									
Developer Contributions	0		2,785,168		2,785,168		0.00%		
Total Revenues	0	2,785,168	2,785,168		0.00%		
Expenditures									
Other Physical Environment									
Improvements Other Than Buildings	0		2,785,168		(2,785,168)		0.00%		
Total Expenditures	0		2,785,168		(2,785,168)		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			
			300 - Capital Projects Fund			
			From 9/1/2018 Through 9/30/2018			
Invoice Date		Customer Name			Invoice Number		Current Balance	
								
8/31/2018		NNP Bexley, LLC			CP0818-2	178,152.41	
9/30/2018		NNP Bexley, LLC			CP0918-1		93,652.19	
					Total 300 - Capital	271,804.60	
					Projects Fund			
								
Report Balance						271,804.60	

This Statement is Unaudited

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 9/1/2018			
				001 - General Fund			
				From 9/1/2018 Through 9/30/2018			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
Hopping Green & Sams	9/27/2018	102956		General Legal	1,464.53	
						Services 08/18			
Times Publishing	9/28/2018	677830 09/28/18		Legal Advertising	104.80	
Company						Account #173402			
					09/18			
Times Publishing	9/28/2018	691076 09/28/18		Legal Advertising	95.20	
Company						Account #173402			
					09/18			
									
						Total 001 - General	1,664.53	
						Fund			

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 9/1/2018			
				300 - Capital Projects Fund			
				From 9/1/2018 Through 9/30/2018			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
RIPA & Associates,	10/4/2018		Supp 22 RIPA		Supp 22-24 Series	75,966.75	
LLC					2018			
Hopping Green & Sams	10/4/2018		Supp 24 Hopping		Supp 22-24 Series	9,244.67	
				Green	2018			
									
						Total 300 - Capital	85,211.42	
						Projects Fund			
									
Report Total							86,875.95	

DEL WEBB BEXLEY

COMMUNITY DEVELOPMENT DISTRICT
Supplemental Construction Account Series 2016

Construction/COI Account Activity Through September 30, 2018

Inflows:			
Developers Contribution	$	2,513,363.48	
Developer AR		271,804.60	
Total Inflows	$	2,785,168.08	

Outflows:						
Requisition	Requisition				Status As of	
Date	Number	Contractor		Amount	09/30/18	
						
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	
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)	Cleared	
08/31/18	Supp 21	RIPA & Associates, LLC		(335,448.21)	Cleared	
09/30/18	Supp 22	RIPA & Associates, LLC		(75,966.75)	AP	
09/30/18	Supp 24	Hopping Green & Sam		(9,244.67)	AP	

Total Requisitions:		(2,598,574.90)		

Total Requisitions and COI:		(2,598,574.90)		
Retainage Payable		(186,593.18)		
Total Outflows:		(2,785,168.08)		
Capital Project Fund Balance at September 30, 2018	$	(0.00)