Del Webb Bexley

Community Development District

Financial Statements

(Unaudited)

April 30, 2019

Prepared by: Rizzetta & Company, Inc.

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Del Webb Bexley Community Development District

Balance Sheet

As of 4/30/2019

(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	10,929	0	0	10,929	0	0		
Investments	0	1,159,482	13,496	1,172,978	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	1,159,482		
Amount To Be Provided Debt Service	0	0	0	0	0	9,020,518		
Fixed Assets	0		0		0		0		10,438,905		0		
Total Assets	24,929	1,159,482	13,496	1,197,907	10,438,905	10,180,000		
Liabilities													
													
Accounts Payable	22,356	0	0	22,356	0	0		
Retainage Payable	0	0	0	0	0	0		
Deferred Revenue	0	0	0	0	0	0		
Accrued Expenses Payable	1,100	0	0	1,100	0	0		
Revenue Bonds Payable--Long Term	0		0		0		0		0		10,180,000		
Total Liabilities	23,456	0	0	23,456	0	10,180,000		
Fund Equity & Other Credits													
Beginning Fund Balance	0	0	0	0	10,438,905	0		
Net Change in Fund Balance	1,473		1,159,482		13,496		1,174,451		0		0		
Total Fund Equity & Other Credits	1,473		1,159,482		13,496		1,174,451		10,438,905		0		
Total Liabilities & Fund Equity	24,929	1,159,482	13,496	1,197,907	10,438,905	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 4/30/2019

(In Whole Numbers)

									Percent Annual		
	Annual								Budget		
	Budget		YTD Budget		YTD Actual		YTD Variance		Remaining		
Revenues											
											
Contributions & Donations From											
Private Sources											
Developer Contributions	212,825		212,825		61,025		(151,800)		71.32%		
Total Revenues	212,825	212,825	61,025	(151,800)	71.33%		
Expenditures											
Financial & Administrative											
Administrative Services	4,500	2,625	2,550	75	43.33%		
District Management	20,100	11,725	11,725	0	41.66%		
District Engineer	12,000	7,000	0	7,000	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	2,100	2,100	0	41.66%		
Assessment Roll	5,000	5,000	0	5,000	100.00%		
Accounting Services	18,000	10,500	10,000	500	44.44%		
Auditing Services	6,000	0	500	(500)	91.66%		
Arbitrage Rebate Calculation	750	750	0	750	100.00%		
Public Officials Liability	5,000	5,000	2,250	2,750	55.00%		
Insurance											
Legal Advertising	5,000	2,917	571	2,345	88.57%		
Miscellaneous Mailings	1,500	0	0	0	100.00%		
Dues, Licenses & Fees	175	175	175	0	0.00%		
Miscellaneous Fees	10,000	5,833	1,450	4,383	85.50%		
Website Hosting, Maintenance,	1,200	700	700	0	41.66%		
Backup											
Legal Counsel											
District Counsel	20,000	11,667	6,938	4,728	65.30%		
Stormwater Control											
Lake/Pond Bank Maintenance	25,000	14,583	2,634	11,949	89.46%		
Other Physical Environment											
Property & Casualty Insurance	10,000	10,000	4,928	5,072	50.72%		
Landscape Maintenance	25,000	14,583	12,678	1,906	49.28%		
Contingency											
Miscellaneous Contingency	30,000		17,500		353		17,147		98.82%		
Total Expenditures	212,825		132,658		59,552		73,106		72.02%		
Excess Revenues Over/(Under)	0	80,167	1,473	(78,694)	0.00%		
Expenditures											
											
Fund Balance, End of Period	0	80,167	1,473	(78,694)	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 4/30/2019

(In Whole Numbers)

			Current Period		Budget To	Budget Percent		
	Annual Budget		Actual		Actual Variance	Remaining		
Revenues									
									
Interest Earnings									
Interest Earnings	0		9,709		9,709		0.00%		
Total Revenues	0		9,709		9,709		0.00%		
Excess of Revenues Over (Under)	0	9,709	9,709		0.00%		
Expenditures									
Other Financing Sources (Uses)									
									
Interfund Transfer	0	(2,808)	(2,808)		0.00%		
Bond Proceeds	0		1,152,581		1,152,581		0.00%		
Total Other Financing Sources (Uses)	0		1,149,774		1,149,774		0.00%		
Excess of Rev./Other Sources Over (Under)	0	1,159,482	1,159,482		0.00%		
Expend./Other Uses									
									
Fund Balance, End of Period	0	1,159,482	1,159,482		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 4/30/2019

(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	
					
23,324		23,324		0.00%	
23,324		23,324		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%	
8,458,352		(8,458,352)		0.00%	
8,853,462		(8,853,462)		0.00%	
(8,830,137)	(8,830,137)		0.00%	
					
2,808	2,808		0.00%	
9,027,419	9,027,419		0.00%	
(186,593)		(186,593)		0.00%	
8,843,633		8,843,633		0.00%	
13,496	13,496		0.00%	

Fund Balance, End of Period	0	13,496	13,496	0.00%	

See Notes to Unaudited Financial Statements

Account

US Bank Series 2018 Reserve US Bank Series 2018 Interest

US Bank Series 2018 Construction

Del Webb Bexley

Investment Summary

April 30, 2019

			Balance as of	
Investment		April 30, 2019	
					
First American Treasury Obligation Fd Class Y	$	346,356	
First American Treasury Obligation Fd Class Y		813,126	
				
	Total Debt Service Fund Investments	$	1,159,482	
			
First American Treasury Obligation Fd Class Y	$	13,496	
				
	Total Capital Project Fund Investments	$	13,496	

		Del Webb Bexley Community Development District	
			Summary A/R Ledger		
			001 - General Fund		
			From 4/1/2019 Through 4/30/2019		
Invoice Date		Customer Name			Invoice Number	Current Balance	
								
4/30/2019		NNP Bexley, LLC			DF0419-1	10,360.00	
4/30/2019		Pulte Home Company, LLC			DF0419-2	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 4/1/2019 Through 4/30/2019			
Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	
									
Grau & Associates	11/5/2018	17320		Audit FY 17/18	500.00	
Ameriscape Services	2/18/2019	1335617		Monthly	1,408.62	
USA, Inc.						Landscape 02/19			
Ameriscape Services	3/1/2019	1335700		Monthly	5,634.48	
USA, Inc.						Landscape 03/19			
Hopping Green & Sams	3/31/2019	107058		General Legal	590.38	
						Services 03/19			
Aquatic Systems, Inc	4/1/2019	0000440445		Monthly Lake &	1,317.00	
						Wetland Services			
					04/19			
Ameriscape Services	4/1/2019	1335973		Monthly	5,634.48	
USA, Inc.						Landscape 04/19			
Rizzetta Technology	4/1/2019		INV0000004237		Website Hosting	100.00	
Services					04/19			
Rizzetta & Company,	4/1/2019		INV0000039678		District	3,275.00	
Inc.						Management Fees			
					04/19			
Vertex Water Feature,	4/5/2019		I4209		Fountian Cleaning	353.00	
Inc					04/19			
Times Publishing	4/12/2019	764606 04/19		Legal Advertising	92.80	
Company						Account 4/19			
Rizzetta & Company,	4/23/2019		INV0000040238		Admin and	3,450.00	
Inc.						Accounting			
						Services Adjusted			
						for 11/18-04/19			
									
						Total 001 - General	22,355.76	
						Fund			
									
Report Total							22,355.76	

DEL WEBB BEXLEY

COMMUNITY DEVELOPMENT DISTRICT

CAPITAL IMPROVEMENT REVENUE BONDS - SERIES 2018

Construction Account Activity Through April 30,2019

Inflows:	Debt Proceeds		$	8,823,818.75			
	Underwriter Discount		203,600.00			
		Total Bond Proceeds:		9,027,418.75			
	Interest Earnings			23,324.04			
	Transfer from Reserves		2,807.74			
		Total Inflows	$	9,053,550.53			
Outflows:	Requisitions				Status		

Requisition	Requisition				As of 04/30/19		
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)	Cleared		
2/28/2019	CR 8	Pulte Homes Company, LLC		(3,473,288.11)	Cleared		
4/24/2019	CR 9	Clearview Land Design, P.L.		(555.00)	Cleared		
4/24/2019	CR 10	Hopping Green & Sams		(765.00)	Cleared		
		Total Requisitions:					
				(8,644,945.02)			

		Total COI and Requisitions:		(9,040,054.70)			
		Retainage Payable		0.00			
		Total Outflows:		(9,040,054.70)			
Capital Projects Fund Balance at April 30,2019	$	13,495.83			

Del Webb Bexley Community Development District

Notes to Unaudited Financial Statements
April 30, 2019

Balance Sheet

1.	Trust statement activity has been recorded through 04/30/19.

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