Del Webb Bexley

Community Development District

Financial Statements

(Unaudited)

October 31, 2018

Prepared by: Rizzetta & Company, Inc.

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Del Webb Bexley Community Development District

Balance Sheet

As of 10/31/2018

(In Whole Numbers)

							Total		General Fixed		General		
			Debt Service		Capital Projects		Governmental		Assets Account		Long-Term Debt		
	General Fund		Fund		Fund		Funds		Group		Account Group		
Assets													
													
Cash In Bank	9,254	0	0	9,254	0	0		
Investments	0	1,152,581	3,661,920	4,814,501	0	0		
Accounts Receivable	0	0	0	0	0	0		
Prepaid Expenses	0	0	0	0	0	0		
Amount Available in Debt Service	0	0	0	0	0	1,152,581		
Amount To Be Provided Debt Service	0	0	0	0	0	9,027,419		
Fixed Assets	0		0		0		0		7,763,557		0		
Total Assets	9,254	1,152,581	3,661,920	4,823,755	7,763,557	10,180,000		
Liabilities													
													
Accounts Payable	516	0	0	516	0	0		
Retainage Payable	0	0	186,593	186,593	0	0		
Deferred Revenue	0	0	0	0	0	0		
Accrued Expenses Payable	300	0	0	300	0	0		
Revenue Bonds Payable--Long Term	0		0		0		0		0		10,180,000		
Total Liabilities	816	0	186,593	187,409	0	10,180,000		
Fund Equity & Other Credits													
Beginning Fund Balance	0	0	0	0	7,763,557	0		
Net Change in Fund Balance	8,438		1,152,581		3,475,327		4,636,346		0		0		
Total Fund Equity & Other Credits	8,438		1,152,581		3,475,327		4,636,346		7,763,557		0		
Total Liabilities & Fund Equity	9,254	1,152,581	3,661,920	4,823,755	7,763,557	10,180,000		

See Notes to Unaudited Financial Statements

Del Webb Bexley Community Development District

Statement of Revenues and Expenditures

001 - General Fund

From 10/1/2018 Through 10/31/2018

(In Whole Numbers)

									Percent Annual		
	Annual Budget		YTD Budget		YTD Actual		YTD Variance	Budget Remaining		
Revenues											
											
Contributions & Donations From											
Private Sources											
Developer Contributions	212,825		212,825		19,512		(193,313)	90.83%		
											
Total Revenues	212,825		212,825		19,512		(193,313)	90.83%		
Expenditures											
Financial & Administrative											
Administrative Services	4,500	375	300	75		93.33%		
District Management	20,100	1,675	1,675	0		91.66%		
District Engineer	12,000	1,000	0	1,000		100.00%		
Disclosure Report	5,000	5,000	0	5,000		100.00%		
Trustees Fees	5,000	5,000	0	5,000		100.00%		
Financial & Revenue Collections	3,600	300	300	0		91.66%		
Assessment Roll	5,000	5,000	0	5,000		100.00%		
Accounting Services	18,000	1,500	1,000	500		94.44%		
Auditing Services	6,000	0	0	0		100.00%		
Arbitrage Rebate Calculation	750	750	0	750		100.00%		
Public Officials Liability Insurance	5,000	5,000	2,250	2,750		55.00%		
Legal Advertising	5,000	417	205	212		95.90%		
Miscellaneous Mailings	1,500	0	0	0		100.00%		
Dues, Licenses & Fees	175	175	175	0		0.00%		
Miscellaneous Fees	10,000	833	0	833		100.00%		
Website Hosting, Maintenance,	1,200	100	100	0		91.66%		
Backup											
Legal Counsel											
District Counsel	20,000	1,667	141	1,526		99.29%		
Stormwater Control											
Lake/Pond Bank Maintenance	25,000	2,083	0	2,083		100.00%		
Other Physical Environment											
Property & Casualty Insurance	10,000	10,000	4,928	5,072		50.72%		
Landscape Maintenance	25,000	2,083	0	2,083		100.00%		
Contingency											
Miscellaneous Contingency	30,000		2,500		0		2,500		100.00%		
Total Expenditures	212,825		45,458		11,073		34,385		94.80%		
Excess Revenues Over/(Under)	0	167,367	8,438	(158,928)	0.00%		
Expenditures											
											
Fund Balance, End of Period	0	167,367	8,438	(158,928)	0.00%		

See Notes to Unaudited Financial Statements

Del Webb Bexley Community Development District

Statement of Revenues and Expenditures

200 - Debt Service Fund

From 10/1/2018 Through 10/31/2018

(In Whole Numbers)

			Current Period		Budget To	Budget Percent		
	Annual Budget		Actual		Actual Variance	Remaining		
Other Financing Sources									
									
Debt Proceeds									
Bond Proceeds	0		1,152,581		1,152,581		0.00%		
Total Other Financing Sources	0		1,152,581		1,152,581		0.00%		
Exc. Of Rev./Other Sources Over	0	1,152,581	1,152,581		0.00%		
Expend./Other Uses									
									
Fund Balance, End of Period	0	1,152,581	1,152,581		0.00%		

See Notes to Unaudited Financial Statements

Del Webb Bexley Community Development District

Statement of Revenues and Expenditures

300 - Capital Projects Fund

From 10/1/2018 Through 10/31/2018

(In Whole Numbers)

	Annual Budget		
Expenditures			
			
Financial & Administrative			
District Management	0		
Trustees Fees	0		
Financial & Revenue Collections	0		
Underwriter	0		
Dissemination Agent	0		
Legal Counsel			
District Counsel	0		
Trustee Counsel	0		
Bond Counsel	0		
Underwriter	0		
Other Physical Environment			
Improvements Other Than Buildings	0		
Total Expenditures	0		
Excess of Revenues Over/(Under)	0		
Expenditures			
Other Financing Sources			
			
Debt Proceeds			
Bond Proceeds	0		
Total Other Financing Sources	0		
Other Expenditures			
Other Financing Sources/(Uses)			
Prior Year AR Credit	0		
Total Other Expenditures	0		
Exc. Of Rev./Other Sources Over	0		
Expend./Other Uses			

Current Period		Budget To	Budget Percent	
Actual		Actual Variance	Remaining	
					
5,000	(5,000)		0.00%	
5,760	(5,760)		0.00%	
30,000	(30,000)		0.00%	
203,600	(203,600)		0.00%	
5,000	(5,000)		0.00%	
45,000	(45,000)		0.00%	
5,250	(5,250)		0.00%	
50,000	(50,000)		0.00%	
37,500	(37,500)		0.00%	
4,978,389		(4,978,389)		0.00%	
5,365,499		(5,365,499)		0.00%	
(5,365,499)	(5,365,499)		0.00%	
					
9,027,419		9,027,419		0.00%	
9,027,419		9,027,419		0.00%	
186,593		(186,593)		0.00%	
186,593		(186,593)		0.00%	
3,475,327	3,475,327		0.00%	

Fund Balance, End of Period	0	3,475,327	3,475,327	0.00%	

See Notes to Unaudited Financial Statements

Account

US Bank Series 2018 Reserve US Bank Series 2018 Interest

US Bank Series 2018 Construction US Bank Series 2018 COI

Del Webb Bexley

Investment Summary

October 31, 2018

			Balance as of	
Investment		October 31, 2018	
					
First American Treasury Obligation Fd Class Y	$	346,254	
First American Treasury Obligation Fd Class Y		806,327	
				
	Total Debt Service Fund Investments	$	1,152,581	
			
First American Treasury Obligation Fd Class Y	$	3,645,430	
First American Treasury Obligation Fd Class Y		16,490	
				
	Total Capital Project Fund Investments	$	3,661,920	

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 10/1/2018			
				001 - General Fund			
				From 10/1/2018 Through 10/31/2018			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
Department of	10/1/2018	72977		Special District	175.00	
Economic Opportunity						Fee FY 18/19			
Hopping Green & Sams	10/19/2018	103262		General Legal	340.67	
						Services 09/18			
									
						Total 001 - General	515.67	
						Fund			
									
Report Total							515.67	

Del Webb Bexley

COMMUNITY DEVELOPMENT DISTRICT

CAPITAL IMPROVEMENT REVENUE BONDS - SERIES 2018

Construction Account Activity Through October 31,2018

Inflows:	Debt Proceeds		$	8,823,818.75			
	Underwriter Discount		203,600.00			
		Total Bond Proceeds:		9,027,418.75			
	Interest Earnings	Total Inflows		-			
			$	9,027,418.75			
Outflows:	Requisitions				Status		

Requisition	Requisition				As of 10/31/18		
Date	Number	Contractor		Amount			
							
10/31/18	COI	Underwriter Discount	$	(203,600.00)	Cleared		
10/31/18	COI	Holland and Knight LLP		(5,250.00)	Cleared		
10/31/18	COI	Bryant Miller Olive		(87,500.00)	Cleared		
10/31/18	COI	US Bank		(5,759.68)	Cleared		
10/31/18	COI	Hopping Green Sams		(45,000.00)	Cleared		
10/31/18	COI	Rizzetta & Co, Inc		(40,000.00)	Cleared		
		Total COI:					
				(387,109.68)			
10/31/18	CR1	NNP Bexley LLC		(2,585,689.64)	Cleared		
10/31/18	CR2	NNP Bexley LLC		(2,392,699.41)	Cleared		
		Total Requisitions:					
				(4,978,389.05)			

		Total COI and Requisitions:		(5,365,498.73)			
		Retainage Payable		(186,593.18)			
		Total Outflows:		(5,552,091.91)			
Capital Projects Fund Balance at October 31,2018	$	3,475,326.84			

Del Webb Bexley Community Development District

Notes to Unaudited Financial Statements
October 31, 2018

Balance Sheet

1.	Trust statement activity has been recorded through 10/31/18.

2.	See EMMA (Electronic Municipal Market Access) at https://emma.msrb.org/ for Municipal Disclosures and Market Data.