Del Webb Bexley

Community Development District

Financial Statements

(Unaudited)

February 28, 2019

Prepared by: Rizzetta & Company, Inc.

delwebbbexleycdd.org

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Professionals in Community Management

Del Webb Bexley Community Development District

Balance Sheet

As of 2/28/2019

(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	23,199	0	0	23,199	0	0		
Investments	0	1,156,844	8,564	1,165,409	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	1,156,844		
Amount To Be Provided Debt Service	0	0	0	0	0	9,023,156		
Fixed Assets	0		0		0		0		10,437,585		0		
Total Assets	23,199	1,156,844	8,564	1,188,607	10,437,585	10,180,000		
Liabilities													
													
Accounts Payable	3,812	0	48	3,860	0	0		
Retainage Payable	0	0	0	0	0	0		
Deferred Revenue	0	0	0	0	0	0		
Accrued Expenses Payable	1,200	0	0	1,200	0	0		
Revenue Bonds Payable--Long Term	0		0		0		0		0		10,180,000		
Total Liabilities	5,012	0	48	5,060	0	10,180,000		
Fund Equity & Other Credits													
Beginning Fund Balance	0	0	0	0	10,437,585	0		
Net Change in Fund Balance	18,187		1,156,844		8,516		1,183,548		0		0		
Total Fund Equity & Other Credits	18,187		1,156,844		8,516		1,183,548		10,437,585		0		
Total Liabilities & Fund Equity	23,199	1,156,844	8,564	1,188,607	10,437,585	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 2/28/2019

(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	1,875	1,500	375		66.66%		
District Management	20,100	8,375	8,375	0		58.33%		
District Engineer	12,000	5,000	0	5,000		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	1,500	1,500	0		58.33%		
Assessment Roll	5,000	5,000	0	5,000		100.00%		
Accounting Services	18,000	7,500	5,000	2,500		72.22%		
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	2,083	386	1,698		92.28%		
Miscellaneous Mailings	1,500	0	0	0		100.00%		
Dues, Licenses & Fees	175	175	175	0		0.00%		
Miscellaneous Fees	10,000	4,167	1,450	2,717		85.50%		
Website Hosting, Maintenance,	1,200	500	500	0		58.33%		
Backup											
Legal Counsel											
District Counsel	20,000	8,333	2,775	5,559		86.12%		
Stormwater Control											
Lake/Pond Bank Maintenance	25,000	10,417	0	10,417		100.00%		
Other Physical Environment											
Property & Casualty Insurance	10,000	10,000	4,928	5,072		50.72%		
Landscape Maintenance	25,000	10,417	0	10,417		100.00%		
Contingency											
Miscellaneous Contingency	30,000		12,500		0		12,500		100.00%		
Total Expenditures	212,825		103,592		28,838		74,754		86.45%		
Excess Revenues Over/(Under)	0	109,233	18,187	(91,046)	0.00%		
Expenditures											
											
Fund Balance, End of Period	0	109,233	18,187	(91,046)	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 2/28/2019

(In Whole Numbers)

			Current Period		Budget To	Budget Percent		
	Annual Budget		Actual		Actual Variance	Remaining		
Revenues									
									
Interest Earnings									
Interest Earnings	0		5,944		5,944		0.00%		
Total Revenues	0		5,944		5,944		0.00%		
Excess of Revenues Over (Under)	0	5,944	5,944		0.00%		
Expenditures									
Other Financing Sources (Uses)									
									
Interfund Transfer	0	(1,681)	(1,681)		0.00%		
Bond Proceeds	0		1,152,581		1,152,581		0.00%		
Total Other Financing Sources (Uses)	0		1,150,900		1,150,900		0.00%		
Excess of Rev./Other Sources Over (Under)	0	1,156,844	1,156,844		0.00%		
Expend./Other Uses									
									
Fund Balance, End of Period	0	1,156,844	1,156,844		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 2/28/2019

(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 Counsel	0		
Other Physical Environment			
Improvements Other Than Buildings	0		
Total Expenditures	0		
Excess of Revenues Over (Under)	0		
Expenditures			
Other Financing Sources (Uses)			
			
Interfund Transfer	0		
Bond Proceeds	0		
Prior Year AR Credit	0		
Total Other Financing Sources (Uses)	0		
Excess of Rev./Other Sources Over (Under)	0		
Expend./Other Uses			

Current Period		Budget To	Budget Percent	
Actual		Actual Variance	Remaining	
					
18,151		18,151		0.00%	
18,151		18,151		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%	
8,457,032		(8,457,032)		0.00%	
8,852,142		(8,852,142)		0.00%	
(8,833,990)	(8,833,990)		0.00%	
					
1,681	1,681		0.00%	
9,027,419	9,027,419		0.00%	
(186,593)		(186,593)		0.00%	
8,842,507		8,842,507		0.00%	
8,516	8,516		0.00%	

Fund Balance, End of Period	0	8,516	8,516	0.00%	

See Notes to Unaudited Financial Statements

Account

US Bank Series 2018 Reserve US Bank Series 2018 Interest

US Bank Series 2018 COI

Del Webb Bexley

Investment Summary

February 28, 2019

			Balance as of	
Investment		February 28, 2019	
					
First American Treasury Obligation Fd Class Y	$	346,356	
First American Treasury Obligation Fd Class Y		810,488	
				
	Total Debt Service Fund Investments	$	1,156,844	
			
First American Treasury Obligation Fd Class Y		8,564	
				
	Total Capital Project Fund Investments	$	8,564	

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 11/1/2018			
				001 - General Fund			
				From 2/1/2019 Through 2/28/2019			
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			
Rizzetta Technology	2/1/2019		INV0000004065		Website Hosting	100.00	
Services					2/19			
Rizzetta & Company,	2/1/2019		INV0000037932		District	3,275.00	
Inc.						Management Fees			
					01/19			
Times Publishing	2/15/2019	741168		Legal Advertising	90.40	
Company						Account 2/19			
									
						Total 001 - General	3,811.81	
						Fund			

		Del Webb Bexley Community Development District	
				Aged Payables by Invoice Date			
				Aging Date - 11/1/2018			
				300 - Capital Projects Fund			
				From 2/1/2019 Through 2/28/2019			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
Hopping Green & Sams	2/27/2019		CR 7 Hopping		CR 7 Series 2018	48.00	
				Green					
									
						Total 300 - Capital	48.00	
						Projects Fund			
									
Report Total							3,859.81	

DEL WEBB BEXLEY

COMMUNITY DEVELOPMENT DISTRICT

CAPITAL IMPROVEMENT REVENUE BONDS - SERIES 2018

Construction Account Activity Through February 28,2019

Inflows:	Debt Proceeds		$	8,823,818.75			
	Underwriter Discount		203,600.00			
		Total Bond Proceeds:		9,027,418.75			
	Interest Earnings			18,151.12			
	Transfer from Reserves		1,681.19			
		Total Inflows	$	9,047,251.06			
Outflows:	Requisitions				Status		

Requisition	Requisition				As of 02/28/19		
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		
2/27/2019	CR 7	Hopping Green & Sams		(48.00)	A/P		
2/28/2019	CR 8	Pulte Homes Company, LLC		(3,473,288.11)	Cleared		
		Total Requisitions:					
				(8,643,625.02)			

		Total COI and Requisitions:		(9,038,734.70)			
		Retainage Payable		0.00			
		Total Outflows:		(9,038,734.70)			
Capital Projects Fund Balance at February 28,2019	$	8,516.36			

Del Webb Bexley Community Development District

Notes to Unaudited Financial Statements
February 28, 2019

Balance Sheet

1.	Trust statement activity has been recorded through 02/28/19.

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