Del Webb Bexley

Community Development District

Financial Statements

(Unaudited)

January 31, 2019

Prepared by: Rizzetta & Company, Inc.

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Del Webb Bexley Community Development District

Balance Sheet

As of 1/31/2019

(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	10,649	0	0	10,649	0	0		
Investments	0	1,155,455	3,475,290	4,630,745	0	0		
Accounts Receivable	14,000	0	0	14,000	0	0		
Prepaid Expenses	0	0	0	0	0	0		
Amount Available in Debt Service	0	0	0	0	0	1,155,455		
Amount To Be Provided Debt Service	0	0	0	0	0	9,024,545		
Fixed Assets	0		0		0		0		7,768,864		0		
Total Assets	24,649	1,155,455	3,475,290	4,655,394	7,768,864	10,180,000		
Liabilities													
													
Accounts Payable	1,046	0	0	1,046	0	0		
Retainage Payable	0	0	0	0	0	0		
Deferred Revenue	0	0	0	0	0	0		
Accrued Expenses Payable	100	0	0	100	0	0		
Revenue Bonds Payable--Long Term	0		0		0		0		0		10,180,000		
Total Liabilities	1,146	0	0	1,146	0	10,180,000		
Fund Equity & Other Credits													
Beginning Fund Balance	0	0	0	0	7,768,864	0		
Net Change in Fund Balance	23,502		1,155,455		3,475,290		4,654,247		0		0		
Total Fund Equity & Other Credits	23,502		1,155,455		3,475,290		4,654,247		7,768,864		0		
Total Liabilities & Fund Equity	24,649	1,155,455	3,475,290	4,655,394	7,768,864	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 1/31/2019

(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		47,025		(165,800)	77.90%		
											
Total Revenues	212,825		212,825		47,025		(165,800)	77.90%		
Expenditures											
Financial & Administrative											
Administrative Services	4,500	1,500	1,200	300		73.33%		
District Management	20,100	6,700	6,700	0		66.66%		
District Engineer	12,000	4,000	0	4,000		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	1,200	1,200	0		66.66%		
Assessment Roll	5,000	5,000	0	5,000		100.00%		
Accounting Services	18,000	6,000	4,000	2,000		77.77%		
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	1,667	295	1,371		94.09%		
Miscellaneous Mailings	1,500	0	0	0		100.00%		
Dues, Licenses & Fees	175	175	175	0		0.00%		
Miscellaneous Fees	10,000	3,333	700	2,633		93.00%		
Website Hosting, Maintenance,	1,200	400	400	0		66.66%		
Backup											
Legal Counsel											
District Counsel	20,000	6,667	1,675	4,992		91.62%		
Stormwater Control											
Lake/Pond Bank Maintenance	25,000	8,333	0	8,333		100.00%		
Other Physical Environment											
Property & Casualty Insurance	10,000	10,000	4,928	5,072		50.72%		
Landscape Maintenance	25,000	8,333	0	8,333		100.00%		
Contingency											
Miscellaneous Contingency	30,000		10,000		0		10,000		100.00%		
Total Expenditures	212,825		89,058		23,523		65,536		88.95%		
Excess Revenues Over/(Under)	0	123,767	23,502	(100,264)	0.00%		
Expenditures											
											
Fund Balance, End of Period	0	123,767	23,502	(100,264)	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 1/31/2019

(In Whole Numbers)

			Current Period		Budget To	Budget Percent		
	Annual Budget		Actual		Actual Variance	Remaining		
Revenues									
									
Interest Earnings									
Interest Earnings	0		3,960		3,960		0.00%		
Total Revenues	0		3,960		3,960		0.00%		
Excess of Revenues Over/(Under)	0	3,960	3,960		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%		
Other Expenditures									
Interfund Transfer									
Interfund Transfer	0		1,086		(1,086)		0.00%		
Total Other Expenditures	0		1,086		(1,086)		0.00%		
Exc. Of Rev./Other Sources Over	0	1,155,455	1,155,455		0.00%		
Expend./Other Uses									
									
Fund Balance, End of Period	0	1,155,455	1,155,455		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 1/31/2019

(In Whole Numbers)

			Current Period		Budget To	Budget Percent		
	Annual Budget		Actual		Actual Variance	Remaining		
Revenues									
									
Interest Earnings									
Interest Earnings	0		3,960		3,960		0.00%		
Total Revenues	0		3,960		3,960		0.00%		
Excess of Revenues Over/(Under)	0	3,960	3,960		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%		
Other Expenditures									
Interfund Transfer									
Interfund Transfer	0		1,086		(1,086)		0.00%		
Total Other Expenditures	0		1,086		(1,086)		0.00%		
Exc. Of Rev./Other Sources Over	0	1,155,455	1,155,455		0.00%		
Expend./Other Uses									
									
Fund Balance, End of Period	0	1,155,455	1,155,455		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 1/31/2019

(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		
Printing & Binding	0		
Underwriter	0		
Dissemination Agent	0		
Legal Counsel			
District Counsel	0		
Trustee Counsel	0		
Bond Counsel	0		
Developer 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			
			
Interfund Transfer			
Interfund Transfer	0		
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	
					
12,183		12,183		0.00%	
12,183		12,183		0.00%	
5,000	(5,000)		0.00%	
5,760	(5,760)		0.00%	
30,000	(30,000)		0.00%	
1,500	(1,500)		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%	
6,500	(6,500)		0.00%	
37,500	(37,500)		0.00%	
4,983,696		(4,983,696)		0.00%	
5,378,805		(5,378,805)		0.00%	
(5,366,622)	(5,366,622)		0.00%	
					
1,086	1,086		0.00%	
9,027,419		9,027,419		0.00%	
9,028,505		9,028,505		0.00%	
186,593		(186,593)		0.00%	
186,593		(186,593)		0.00%	
3,475,290	3,475,290		0.00%	

Fund Balance, End of Period	0	3,475,290	3,475,290	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

January 31, 2019

			Balance as of	
Investment		January 31, 2019	
					
First American Treasury Obligation Fd Class Y	$	346,356	
First American Treasury Obligation Fd Class Y		809,099	
				
	Total Debt Service Fund Investments	$	1,155,455	
			
First American Treasury Obligation Fd Class Y	$	3,466,741	
First American Treasury Obligation Fd Class Y		8,549	
				
	Total Capital Project Fund Investments	$	3,475,290	

		Del Webb Bexley Community Development District	
			Summary A/R Ledger		
			001 - General Fund		
			From 1/1/2019 Through 1/31/2019		
Invoice Date		Customer Name			Invoice Number	Current Balance	
								
1/31/2019		NNP Bexley, LLC			DF0119-1	10,360.00	
1/31/2019		Pulte Home Company, LLC			DF0119-2	3,640.00	
					Total 001 - General Fund	14,000.00	
								
Report Balance							14,000.00	

See Notes to Unaudited Financial Statements

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 11/1/2018			
				001 - General Fund			
				From 1/1/2019 Through 1/31/2019			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
Hopping Green & Sams	11/30/2018	104510		General Legal	226.41	
						Services 11/18			
Hopping Green & Sams	12/31/2018	104984		General Legal	120.00	
						Services 12/18			
Mike Fasano Tax	1/28/2019	01.28.19		Non-Refundable	700.00	
Collector						Admin Fees 1/19			
									
						Total 001 - General	1,046.41	
						Fund			
									
Report Total							1,046.41	

DEL WEBB BEXLEY

COMMUNITY DEVELOPMENT DISTRICT

CAPITAL IMPROVEMENT REVENUE BONDS - SERIES 2018

Construction Account Activity Through January 31,2019

Inflows:	Debt Proceeds		$	8,823,818.75			
	Underwriter Discount		203,600.00			
		Total Bond Proceeds:		9,027,418.75			
	Interest Earnings			12,183.26			
	Transfer from Reserves		1,086.43			
		Total Inflows	$	9,040,688.44			
Outflows:	Requisitions				Status		

Requisition	Requisition				As of 01/31/19		
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		
11/30/18	COI	ImageMaster		(250.00)	Cleared		
12/31/18	COI	Feldman & Mahoney P.A.		(6,500.00)	Cleared		
01/14/19	COI	ImageMaster		(1,250.00)	Cleared		
		Total COI:					
				(395,109.68)			
10/31/18	CR1	NNP Bexley LLC		(2,585,689.64)	Cleared		
10/31/18	CR2	NNP Bexley LLC		(2,392,699.41)	Cleared		
11/30/18	CR3	Clearview Land Design, P.L.		(1,025.00)	Cleared		
11/30/18	CR4	RIPA & Associates, LLC		(186,593.18)	Cleared		
12/20/18	CR5	Clearview Land Design, P.L.		(2,321.18)	Cleared		
12/20/18	CR6	Hopping Green & Sams		(1,960.50)	Cleared		
		Total Requisitions:					
				(5,170,288.91)			

		Total COI and Requisitions:		(5,565,398.59)			
		Retainage Payable		0.00			
		Total Outflows:		(5,565,398.59)			
Capital Projects Fund Balance at January 31,2019	$	3,475,289.85			

Del Webb Bexley Community Development District

Notes to Unaudited Financial Statements
January 31, 2019

Balance Sheet

1.	Trust statement activity has been recorded through 01/31/19.

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