Del Webb Bexley

Community Development District

Financial Statements

(Unaudited)

November 30, 2018

Prepared by: Rizzetta & Company, Inc.

delwebbbexleycdd.org

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Del Webb Bexley Community Development District

Balance Sheet

As of 11/30/2018

(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	5,363	0	0	5,363	0	0		
Investments	0	1,152,923	3,475,396	4,628,319	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	1,152,923		
Amount To Be Provided Debt Service	0	0	0	0	0	9,027,077		
Fixed Assets	0		0		0		0		7,764,582		0		
Total Assets	5,363	1,152,923	3,475,396	4,633,683	7,764,582	10,180,000		
Liabilities													
													
Accounts Payable	90	0	0	90	0	0		
Retainage Payable	0	0	0	0	0	0		
Deferred Revenue	0	0	0	0	0	0		
Accrued Expenses Payable	600	0	0	600	0	0		
Revenue Bonds Payable--Long Term	0		0		0		0		0		10,180,000		
Total Liabilities	690	0	0	690	0	10,180,000		
Fund Equity & Other Credits													
Beginning Fund Balance	0	0	0	0	7,764,582	0		
Net Change in Fund Balance	4,673		1,152,923		3,475,396		4,632,992		0		0		
Total Fund Equity & Other Credits	4,673		1,152,923		3,475,396		4,632,992		7,764,582		0		
Total Liabilities & Fund Equity	5,363	1,152,923	3,475,396	4,633,683	7,764,582	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 11/30/2018

(In Whole Numbers)

									Percent Annual		
	Annual Budget		YTD Budget		YTD Actual		YTD Variance	Budget Remaining		
Revenues											
											
Contributions & Donations From											
Private Sources											
Developer Contributions	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	750	600	150		86.66%		
District Management	20,100	3,350	3,350	0		83.33%		
District Engineer	12,000	2,000	0	2,000		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	600	600	0		83.33%		
Assessment Roll	5,000	5,000	0	5,000		100.00%		
Accounting Services	18,000	3,000	2,000	1,000		88.88%		
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	833	295	538		94.09%		
Miscellaneous Mailings	1,500	0	0	0		100.00%		
Dues, Licenses & Fees	175	175	175	0		0.00%		
Miscellaneous Fees	10,000	1,667	0	1,667		100.00%		
Website Hosting, Maintenance,	1,200	200	200	0		83.33%		
Backup											
Legal Counsel											
District Counsel	20,000	3,333	441	2,893		97.79%		
Stormwater Control											
Lake/Pond Bank Maintenance	25,000	4,167	0	4,167		100.00%		
Other Physical Environment											
Property & Casualty Insurance	10,000	10,000	4,928	5,072		50.72%		
Landscape Maintenance	25,000	4,167	0	4,167		100.00%		
Contingency											
Miscellaneous Contingency	30,000		5,000		0		5,000		100.00%		
Total Expenditures	212,825		59,992		14,839		45,153		93.03%		
Excess Revenues Over/(Under)	0	152,833	4,673	(148,161)	0.00%		
Expenditures											
											
Fund Balance, End of Period	0	152,833	4,673	(148,161)	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 11/30/2018

(In Whole Numbers)

			Current Period		Budget To	Budget Percent		
	Annual Budget		Actual		Actual Variance	Remaining		
Revenues									
									
Interest Earnings									
Interest Earnings	0		342		342		0.00%		
Total Revenues	0		342		342		0.00%		
Excess of Revenues Over/(Under)	0	342	342		0.00%		
Expenditures									
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	1,152,923	1,152,923		0.00%		
Expend./Other Uses									
									
Fund Balance, End of Period	0	1,152,923	1,152,923		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 11/30/2018

(In Whole Numbers)

	Annual Budget		
Revenues			
			
Interest Earnings			
Interest Earnings	0		
Total Revenues	0		
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	
					
1,094		1,094		0.00%	
1,094		1,094		0.00%	
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%	
4,979,414		(4,979,414)		0.00%	
5,366,524		(5,366,524)		0.00%	
(5,365,429)	(5,365,429)		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%	
3,475,396	3,475,396		0.00%	

Fund Balance, End of Period	0	3,475,396	3,475,396	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

November 30, 2018

			Balance as of	
Investment		November 30, 2018	
					
First American Treasury Obligation Fd Class Y	$	346,356	
First American Treasury Obligation Fd Class Y		806,567	
				
	Total Debt Service Fund Investments	$	1,152,923	
			
First American Treasury Obligation Fd Class Y	$	3,458,893	
First American Treasury Obligation Fd Class Y		16,503	
				
	Total Capital Project Fund Investments	$	3,475,396	

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 11/1/2018			
				001 - General Fund			
				From 11/1/2018 Through 11/30/2018			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
Times Publishing	11/16/2018	708321 11/16/18		Legal Advertising	90.40	
Company						Account #173402			
					11/18			
									
						Total 001 - General	90.40	
						Fund			
									
Report Total							90.40	

Del Webb Bexley Community Development District

Notes to Unaudited Financial Statements
November 30, 2018

Balance Sheet

1.	Trust statement activity has been recorded through 11/30/18.

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