Waterset North Community Development District

Financial Statements (Unaudited)

January 31, 2018

Prepared by: Rizzetta & Company, Inc.

watersetnorthcdd.org rizzetta.com

Waterset North Community Development District
Balance Sheet As of 1/31/2018
(In Whole Numbers)

	

General Fund		

Reserve Fund		
Debt Service Fund		
Capital Projects Fund		
Enterprise Fund		
Total Governmental Funds		General Fixed Asset Account Group		General Long-Term Debt Account
Group	

Assets
Cash In Bank	

1,000,236		

0		

0		

1,684		

53,941		

1,055,861		

0		

0	
Cash On Hand	0		0		0		0		150		150		0		0	
Investments	195,863		0		2,021,359		5,873		0		2,223,094		0		0	
Investments - Reserves	0		62,573		0		0		0		62,573		0		0	
Accounts Receivable	168,765		0		168,798		23,542		477		361,582		0		0	
Accounts Receivable - Other	0		0		0		0		0		0		0		0	
Prepaid Expenses	0		0		0		0		0		0		0		0	
Deposits	18,062		0		0		0		500		18,562		0		0	
Due From Other Funds	0		0		0		0		192		192		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		0		2,190,156	
Amount To Be Provided Debt Service	0		0		0		0		0		0		0		15,144,844	
Fixed Assets	0		0		0		0		0		0		55,665,336		0	
Total Assets	 	1,382,926 		 	62,573 		 	2,190,156 		 	31,100 		 	55,260 		 	3,722,015 		     55,665,336 		     17,335,000 	

Liabilities																
Accounts Payable	28,818		0		0		23,542		11,197		63,557		0		0	
Retainage Payable	0		0		0		0		0		0		0		0	
Accrued Expenses Payable	36,000		0		0		0		0		36,000		0		0	
Other Current Liabilities	0		0		0		0		0		0		0		0	
Due To Other Funds	192		0		0		0		0		192		0		0	
Revenue Bonds Payable--Long Term	0		0		0		0		0		0		0		17,335,000	
Capital Lease Obligation	0		0		0		0		0		0		0		0	
Total Liabilities	65,010		0		0		23,542		11,197		99,749		0		17,335,000	

Fund Equity & Other Credits																
Beginning Fund Balance	247,394		10,028		1,572,643		464		37,031		1,867,560		55,665,336		0	
Net Change in Fund Balance	1,070,522		52,545		617,513		7,094		7,032		1,754,706		0		0	
Total Fund Equity & Other Credits	1,317,916		62,573		2,190,156		7,558		44,063		3,622,266		55,665,336		0	

Total Liabilities & Fund Equity	
 	1,382,926 		
 	62,573 		
 	2,190,156 		
 	31,100 		
 	55,260 		
 	3,722,015 		
     55,665,336 		
     17,335,000 	

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	66	66	0.00%	
Special Assessments						
Tax Roll	1,315,044	1,315,044	1,330,119	15,075	(1.14)%	
Off Roll	168,423	168,423	168,423	0	0.00%	
Contributions From Private Sources	
Developer Contributions	32,928	32,928	10,976	(21,952)	66.66%	
Other Miscellaneous Revenues						
Miscellaneous	 	0 	 	0 	 	56 	 	56 	 	0.00%	
Total Revenues	 	1,516,395 	 	1,516,395 	 	1,509,640 	 	(6,755)	 	0.45%	

Expenditures
Legislative
Supervisor Fees	4,800	1,600	1,200	400	75.00%	
Financial & Administrative						
Administrative Services	4,500	1,500	1,500	0	66.66%	
District Management	23,300	7,767	7,767	0	66.66%	
District Engineer	2,364	788	0	788	100.00%	
Disclosure Report	6,000	6,000	6,000	0	0.00%	
Trustee Fees	7,000	3,500	3,500	0	50.00%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	5,000	1,667	1,667	0	66.66%	
Accounting Services	17,500	5,833	5,833	0	66.66%	
Auditing Services	3,270	0	0	0	100.00%	
Arbitrage Rebate Calculation	1,000	1,000	1,000	0	0.00%	
Public Officials Liability Insurance	2,750	2,750	2,500	250	9.09%	
Legal Advertising	500	167	1,780	(1,613)	(255.95)%	
Dues, Licenses & Fees	525	525	175	350	66.66%	
Website Fees & Maintenance	2,100	700	700	0	66.66%	
Legal Counsel						
District Counsel	20,000	6,667	14,025	(7,359)	29.87%	
Security Operations						
Security Services and Patrols	70,000	23,333	21,627	1,707	69.10%	
Electric Utility Services						
Utility Services	15,000	5,000	2,722	2,278	81.85%	
Utility - Recreation Facilities	15,000	5,000	7,431	(2,431)	50.45%	
Street Lights	75,000	25,000	18,913	6,087	74.78%	
Gas Utility Services						
Utility - Recreation Facilities	12,000	4,000	3,794	206	68.38%	
Garbage/Solid Waste Control Services						
Garbage - Recreation Facility	5,500	1,833	1,405	428	74.45%	
Water-Sewer Combination Services						
Utility Services	10,000	3,333	2,076	1,257	79.23%	
Utility - Reclaimed	20,000	6,667	4,218	2,449	78.91%	
Stormwater Control

Lake/Pond Bank Maintenance	5,000	1,667	0	1,667	100.00%	
Aquatic Maintenance	45,000	15,000	12,244	2,756	72.79%	
Mitigation Area Monitoring & Maintenance	6,190	2,063	0	2,063	100.00%	
Aquatic Plant Enhancement	10,000	3,333	0	3,333	100.00%	
Other Physical Environment						
General Liability Insurance	4,125	4,125	3,807	318	7.70%	
Property Insurance	18,598	18,598	16,850	1,748	9.39%	
Holiday Decorations	10,000	10,000	8,010	1,990	19.90%	
Entry & Walls Maintenance	1,000	333	0	333	100.00%	
Landscape Maintenance	530,000	176,667	157,780	18,887	70.23%	
Irrigation Repairs	10,000	3,333	14,293	(10,960)	(42.93)%	
Landscape Replacement Plants, Shrubs, Trees	35,000	11,667	4,528	7,139	87.06%	
Landscape Mulch	75,000	25,000	0	25,000	100.00%	
Field Operations	7,200	2,400	2,400	0	66.66%	
Fire Ant Treatment	3,200	1,067	0	1,067	100.00%	
Road & Street Facilities						
Sidewalk Repair & Maintenance	1,000	333	0	333	100.00%	
Street Sign Repair & Replacement	3,000	1,000	985	15	67.16%	
Parks & Recreation						
Management Contract	155,000	51,667	31,239	20,428	79.84%	
Vehicle Maintenance	1,500	500	0	500	100.00%	
Fitness Equipment Maintenance & Repairs	3,000	1,000	313	687	89.57%	
Pest Control	1,500	500	500	0	66.66%	
Pool Permits	1,000	0	0	0	100.00%	
Facility A/C & Heating Maintenance & Repair	4,000	1,333	445	888	88.87%	
Pool Service Contract	18,000	6,000	6,000	0	66.66%	
Pool Repairs	12,000	4,000	3,780	220	68.50%	
Maintenance & Repairs	18,000	6,000	735	5,265	95.91%	
Telephone, Fax, Internet	11,100	3,700	3,967	(267)	64.25%	
Clubhouse - Facility Janitorial Service	23,700	7,900	7,950	(50)	66.45%	
Clubhouse - Facility Janitorial Supplies	3,000	1,000	264	736	91.19%	
Window Cleaning	5,308	1,769	0	1,769	100.00%	
Computer Support, Maintenance & Repair	500	167	327	(161)	34.55%	
Security System Monitoring & Maintenance	3,500	1,167	1,092	75	68.81%	
Furniture Repair/Replacement	4,000	1,333	2,722	(1,389)	31.95%	
Clubhouse Miscellaneous Expense	7,500	2,500	933	1,567	87.55%	
Trail/Bike Path Maintenance	1,500	500	0	500	100.00%	

Playground Equipment & Maintenance	5,000	1,667	0	1,667	100.00%	
Access Control Maintenance & Repair	2,500	833	0	833	100.00%	
Athletic/Park Court/Field Repairs	1,500	500	0	500	100.00%	
Office Supplies	2,000	667	963	(296)	51.84%	
Facility Funding	126,474	42,158	42,158	0	66.66%	
Contingency						
Miscellaneous Contingency	 	12,391 		 	4,130 		 	0 		 	4,130 		 	100.00%	
Total Expenditures	 	1,516,395 		 	537,207 		 	439,119 		 	98,088 		 	71.04%	
Excess of Revenue Over (Under) Expenditures	0		979,188		1,070,522		91,334		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
979,188		
1,070,522		
91,334		
0.00%	

Fund Balance, Beginning of Period										
	0		0		247,394		247,394		0.00%	
Fund Balance, End of Period	 	0 		 	979,188 		 	1,317,916 		 	338,728 		 	0.00%	

Tax Roll	52,493		52,493		0		0.00%	
Total Revenues	52,493		52,545		52		0.10%	

Expenditures
Contingency								
Capital Reserve	52,493		0		52,493		100.00%	
Total Expenditures	52,493		0		52,493		100.00%	

Excess of Revenue Over (Under) Expenditures	
0		
52,545		
52,545		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
52,545		
52,545		
0.00%	

Fund Balance, Beginning of Period								
	0		10,028		10,028		0.00%	
Fund Balance, End of Period	 	0 		 	62,573 		 	62,573 		 	0.00%	

Tax Roll	490,598		496,219		5,621		1.14%	
Total Revenues	490,598		496,994		6,396		1.30%	

Expenditures								
Debt Service								
Interest	280,598		139,756		140,842		50.19%	
Principal	210,000		0		210,000		100.00%	
Total Expenditures	490,598		139,756		350,842		71.51%	

Excess of Revenue Over (Under) Expenditures	
0		
357,239		
357,239		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
357,239		
357,239		
0.00%	

Fund Balance, Beginning of Period								
	0		399,423		399,423		0.00%	
Fund Balance, End of Period	 	0 		 	756,662 		 	756,662 		 	0.00%	

201 - Debt Service Fund S2014 From 10/1/2017 Through 1/31/2018 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		3,016		3,016		0.00%	
Special Assessments								
Tax Roll	537,483		543,641		6,158		1.14%	
Off Roll	167,129		167,129		0		0.00%	
Total Revenues	704,611		713,785		9,174		1.30%	

Expenditures								
Debt Service								
Interest	534,611		275,894		258,717		48.39%	
Principal	170,000		170,000		0		0.00%	
Total Expenditures	704,611		445,894		258,717		36.72%	

Excess of Revenue Over (Under) Expenditures	
0		
267,891		
267,891		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(7,617)		(7,617)		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		260,275		260,275		0.00%	

Fund Balance, Beginning of Period								
	0		1,173,219		1,173,219		0.00%	
Fund Balance, End of Period	 	0 		 	1,433,494 		 	1,433,494 		 	0.00%	

301 - Capital Projects Fund S2014 From 10/1/2017 Through 1/31/2018 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings					
Interest Earnings	0	10	10	0.00%	
Contributions From Private Sources					
Developer Contributions	0		27,666		27,666		0.00%	
Total Revenues	0		27,677		27,677		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		28,199		(28,199)		0.00%	
Total Expenditures	0		28,199		(28,199)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
(523)		
(523)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		7,617		7,617		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		7,094		7,094		0.00%	

Fund Balance, Beginning of Period								
	0		464		464		0.00%	
Fund Balance, End of Period	 	0 		 	7,558 		 	7,558 		 	0.00%	

400 - Enterprise Fund
From 10/1/2017 Through 1/31/2018
(In Whole Numbers)

Percent Annual Annual Budget	YTD Budget	YTD Actual	YTD Variance	Budget Remaining

Revenues
Other Miscellaneous Revenues
Food	72,000	24,000	19,591	(4,409)	72.78%	
Beverages	25,000	8,333	5,197	(3,136)	79.21%	
Alcoholic Beverages	13,000	4,333	1,294	(3,039)	90.04%	
Builder Relations	5,000	1,667	2,912	1,245	41.76%	
Facility Funding	 	126,474 	 	42,158 	 	42,158 	 	0 	 	66.66%	
Total Revenues	 	241,474 	 	80,491 	 	71,152 	 	(9,339)	 	70.53%	

Expenditures
Financial & Administrative
Bank Fees	8,000	2,667	2,599	67	67.50%	
Dues, Licenses & Fees	500	167	262	(95)	47.60%	
Miscellaneous Fees	100	33	0	33	100.00%	
Parks & Recreation						
Management Contract	153,500		51,167		39,515		11,651		74.25%	
Cafe Marketing & Consulting	500		167		0		167		100.00%	
Maintenance & Repairs	2,500		833		1,062		(229)		57.50%	
Facility Supplies	14,624		4,875		3,434		1,441		76.52%	
Food	45,000		15,000		12,719		2,281		71.73%	
Beverage	16,000		5,333		4,484		849		71.97%	
Computer Support, Maintenance & Repair	250		83		0		83		100.00%	
Office Supplies	 	500 		 	167 		 	45 		 	122 		 	91.01%	
Total Expenditures	 	241,474 		 	80,491 		 	64,120 		 	16,371 		 	73.45%	
Excess of Revenue Over (Under) Expenditures	0		(0)		7,032		7,032		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(0)		
7,032		
7,032		
0.00%	

Fund Balance, Beginning of Period										
	0		0		37,031		37,031		0.00%	
Fund Balance, End of Period	 	0 		 	(0)		 	44,063 		 	44,063 		 	0.00%	

Waterset North CDD Investment Summary January 31, 2018

Balance as of
Account	Investment	January 31, 2018

The Bank of Tampa	Business Money Market The Bank of Tampa ICS Program:

$	5,829

Capital Bank	1
Fulton Bank, N.A.	7,542
Mutual of Omaha Bank	Money Market	182,491
Total General Fund Investments	 $	195,863 

The Bank of Tampa ICS Program:
Mutual of Omaha Bank	Money Market

$	62,573

Total Reserve Fund Investments	 $	62,573 
US Bank Series 2014 Revenue	First American Treasury Obligation Fund Class Z	$	585,187
US Bank Series 2014 Reserve	First American Treasury Obligation Fund Class Z	722,637 US Bank Series 2014 Prepayment	First American Treasury Obligation Fund Class Z		2
US Bank Series 2017A-1 Reserve	First American Government Obligation Fund Class Y	173,793 US Bank Series 2017A-2 Reserve	First American Government Obligation Fund Class Y		72,025 US Bank Series 2017 Revenue	First American Government Obligation Fund Class Y	467,715
Total Debt Service Fund Investments	 $	2,021,359 
US Bank Series 2014 Acquisition & Constr First American Treasury Obligation Fund Class Z	$	5,873
Total Capital Project Fund Investments	 $	5,873 

Invoice Date		Customer Name		Invoice Number		Current Balance	

10/1/2017		
Hillsborough County Tax Collector		
FY17-18		
168,102.84	
10/1/2017		NNP - Southbend II, LLC		435-18-01		176.33	
10/31/2017		Waterset Homeowners Association, Inc.		OMR1017-3		237.43	
1/31/2018		Waterset Homeowners Association, Inc.		OMR0118-1		248.64	
				
Total 001 - General Fund		
168,765.24	

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2017	Hillsborough County Tax Collector	FY17-18	43,129.82

Total 200 - Debt Service Fund S2017

43,129.82

Invoice Date		Customer Name		Invoice Number		Current Balance	

10/1/2017		
Hillsborough County Tax Collector		
FY17-18		
47,251.57	
10/1/2017		NNP - Southbend II, LLC		435-18-01		78,416.19	
				
Total 201 - Debt Service Fund S2014		
125,667.76	

Invoice Date	Customer Name	Invoice Number	Current Balance

1/31/2018	NNP - Southbend II, LLC	ARB270	23,542.40

Total 301 - Capital Projects Fund S2014

23,542.40

Invoice Date	Customer Name	Invoice Number	Current Balance

1/31/2018	NNP - Southbend II, LLC	Cafe 0118-1	476.69

Total 400 - Enterprise Fund

476.69

Report Balance	361,581.91

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Metcalf Enterprises, LLC		
11/29/2017		
17-084		
Maintenance Repairs - Install Replacement Ceiling Fan 01/18		
187.50	
VSC Fire & Security, Inc.		1/11/2018		05-899217		Fire Alarm Monitoring 01/18 - 12/18		360.00	
Castle Management, LLC		1/12/2018		PREIM01-05-176		Payroll - Period 12/16/17 - 12/29/17		3,803.33	
G4S Secure Solutions Inc.		1/14/2018		8669641		Security Services 01/08/18 - 01/14/18		1,083.60	
Republic Services LP		1/17/2018		0696-000708273		Amenity 7250 Parkshore Drive 01/18 & 02/18		206.73	
Landscape Maintenance Professionals, Inc.		1/18/2018		129523		Remove Turf, Replace with Cloth/Rock at Dog Park 01/18		1,440.00	
Hillsborough County BOCC		1/19/2018		0761919834 01/18		6651 Waterset Blvd 01/18		161.96	
G4S Secure Solutions Inc.		1/21/2018		8684497		Security Services 01/15/18 - 01/21/18		1,083.60	
Landscape Maintenance Professionals, Inc.		1/24/2018		129611		Irrigation Repairs 01/18		215.00	
Suncoast Pool Service, Inc.		1/24/2018		4257		Replacement Heater Jandy for Pool 01/18		3,400.00	
G4S Secure Solutions Inc.		1/28/2018		8694640		Security Services 01/22/18 - 01/28/18		1,083.60	
Landscape Maintenance Professionals, Inc.		1/30/2018		129687		Trash Container Bag Collection 01/18		672.00	
Synergy FL		2/1/2018		66531		Monitoring Electronic Security System Fitness 01/18		54.95	
Hillsborough County BOCC		2/1/2018		2901278101 01/18		7024 Sail View Lane 01/18		279.95	
FitRev, Inc.		2/1/2018		15735		Fitness Equipment Maintenance 01/18		145.00	
Tampa Electric Company		2/2/2018		221002915736 01/18		6233 Colmar PL -Irrigation 01/18		22.39	
Tampa Electric Company		2/2/2018		Summary Bill 01/18		Summary Bill 01/18		8,676.32	
Erin McCormick Law, P.A.		2/3/2018		10184		Legal Services 01/18		3,990.00	
Castle Management, LLC		2/12/2018		PREIM02-02-17		Payroll - Period 01/13/18 - 01/26/18		1,951.80	
						
Total 001 - General Fund		
28,817.73	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Ballenger & Company, Inc.		
1/22/2018		
CUS 262 Ballenger		
CUS 261-265 Series 2014		
1,820.00	
Erin McCormick Law, P.A.		1/22/2018		CUS 261 Erin McCormick		CUS 261-265 Series 2014		268.00	
Florida Natives Nursery, Inc.		1/22/2018		CUS 264 Florida Natives		CUS 261-265 Series 2014		2,400.00	
Onsight Signage & Visual Solutions		1/22/2018		CUS 265 Onsight		CUS 261-265 Series 2014		18,706.05	
Scarola Associates Engineering		1/22/2018		CUS 263 Scarola		CUS 261-265 Series 2014		348.35	
						
Total 301 - Capital Projects Fund S2014		
23,542.40	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Castle Management, LLC		
1/12/2018		
PREIM01-05-176		
Payroll - Period 12/16/17 - 12/29/17		
4,925.37	
Sysco West Coast Florida, Inc.		1/19/2018		WC 137670142		Cafe Food/Beverages/Supplies 01/18		617.03	
Pepin		1/24/2018		WC 2444262		Cafe Beverages 01/18		152.25	
Nu Vista Foods Group, Inc.		1/30/2018		WC 01301828		Cafe Food/Beverages/Supplies 01/18		258.30	
Florida Department of Revenue		1/31/2018		WC Sales Tax 01/18		Sales Tax Payable 01/18		709.36	
Castle Management, LLC		2/12/2018		PREIM02-02-17		Payroll - Period 01/13/18 - 01/26/18		4,534.42	
						
Total 400 - Enterprise Fund		
11,196.73	

Report Total								
63,556.86	

Inflows:	Debt Proceeds		$	8,681,222.33		
	Underwriters Discount		213,300.00		
		Total Bond Proceeds:	8,894,522.33		
	
Interest Earnings		
25.71		
	Transfer from Revenue Account		7,022.23		
	Transfer from Reserve Account		6,893.58		
		Total Inflows:	$	8,908,463.85		

Outflows:					
Requisition Date	Requisition
Number	Contractor		
Amount	Status with Trustee As of 01/31/18	

09/09/14	
COI	Underwriters Discount		
$	(213,300.00)	
Cleared	
09/09/14	COI	Holland and Knight		(5,250.00)	Cleared	
09/09/14	COI	Gray Robinson PA		(37,500.00)	Cleared	
09/09/14	COI	Adams and Reese LP		(95,000.00)	Cleared	
09/09/14	COI	Rizzetta & Company		(25,000.00)	Cleared	
09/09/14	COI	Rizzetta & Company		(5,000.00)	Cleared	
09/09/14	COI	Scarola & Associates Engineering		(12,808.87)	Cleared	
09/09/14	COI	US Bank		(4,967.81)	Cleared	
09/09/14	COI	Waterset North CDD		(2,532.19)	Cleared	
09/09/14	COI	Feldman and Mahoney PA		(45,000.00)	Cleared	
09/09/14	COI	Buchanan Ingersoll Rooney PC		(62,000.00)	Cleared	
09/30/14	COI	Image Masters		(1,250.00)	Cleared	
		Total COI Expenses:	(509,608.87)		
09/09/14	1	NNP Southbend II*		(6,279,122.58)	Cleared	
09/23/14	2	Ballenger & Company, Inc.		(4,043.50)	Cleared	
09/23/14	3	Buchanan Ingersoll & Rooney		(1,806.00)	Cleared	
09/23/14	4	Cardno Entrix		(1,687.00)	Cleared	
09/23/14	5	Ferguson Enterprises, Inc.		(1,060.00)	Cleared	
09/23/14	6	LRK, Inc.		(3,300.00)	Cleared	
09/23/14	7	RIPA & Associates, LLC		(341,314.29)	Cleared	
09/23/14	8	RIPA & Associates, LLC		(568,585.59)	Cleared	
09/23/14	9	Scarola & Associates Engineering		(5,468.11)	Cleared	
09/25/14	10	Lee Te Kim		(137,821.86)	Cleared	
09/25/14	11	Lee Te Kim		(15,313.54)	Cleared	
09/26/14	12	Lee Te Kim		(36,527.53)	Cleared	
09/26/14	13	Lee Te Kim		(51,301.54)	Cleared	
09/26/14	14	Lee Te Kim		(59,866.25)	Cleared	
09/30/14	15	Atlantic TNG, LLC		(31,008.07)	Cleared	
09/30/14	16	Danielle Fence		(46,800.00)	Cleared	
09/30/14	17	Ferguson Enterprises, Inc.		(27,763.74)	Cleared	
09/30/14	18	XylemWater Solutions U.S.A., Inc.		(903.00)	Cleared	

09/30/14	19	Atlantic TNG, LLC		(93,218.99)	Cleared	
09/30/14	20	Buchanan Ingersoll & Rooney		(3,768.00)	Cleared	
09/30/14	21	Ferguson Enterprises, Inc.		(76,512.35)	Cleared	
09/30/14	22	Rinker Materials		(25,523.48)	Cleared	
09/30/14	23	RIPA & Associates, LLC		VOID	VOID	
09/30/14	24	RIPA & Associates, LLC		(180,859.01)	Cleared	
09/30/14	25	Sunrise Landscape		(21,146.04)	Cleared	
10/27/14	26	Ferguson Enterprises, Inc.		(37,600.13)	Cleared	
10/27/14	27	Sunrise Landscape		(120,193.87)	Cleared	
10/31/14	29	Atlantic TNG, LLC		(28,591.92)	Cleared	
10/31/14	30	Metcalf Enterprises LLC		(8,960.00)	Cleared	
10/31/14	33	Buchanan Ingersoll & Rooney		(9,312.00)	Cleared	
10/31/14	34	XylemWater Solutions U.S.A., Inc.		(141,467.00)	Cleared	
12/05/14	38	Cardno Entrix		(2,662.00)	Cleared	
12/10/14	42	Norwell		(13,798.00)	Cleared	
12/22/14	47	Cardno Entrix		(1,687.00)	Cleared	
01/12/15	54	Scarola & Associates Engineering		(4,250.16)	Cleared	
05/31/15	105	Crawford Signs		(1,140.00)	Cleared	
05/31/17	239	Florida Natives Nursery		(1,200.00)	Cleared	
05/31/17	240	Onsight Signage		(1,669.30)	Cleared	
05/31/17	241	Florida Natives Nursey, Inc.		(1,200.00)	Cleared	
08/31/17	245	Florida Natives Nursey, Inc.		(1,200.00)	Cleared	
08/31/17	250	Ballenger & Company, Inc.		(1,112.50)	Cleared	
11/30/17	253	Erin McCormick Law		(167.50)	Cleared	
11/30/17	254	Florida Natives Nursey, Inc.		(1,200.00)	Cleared	
11/30/17	258	Erin McCormick Law		(134.00)	Cleared	
11/30/17	259	Onsight Signage		(716.00)	Cleared	
			Total Requisitions:	(8,392,981.85)		
			
Total Outflows:	
(8,902,590.72)		

Construction Account Balance at January 31, 2018	$	5,873.13

* Reimbursement to NNP Southbend II, LLC for the financing of construction of Waterset Phases 2C-1, 2C-2 and 2C-3 Improvements pursuant to Amended Construction and Funding Agreement dated September 5, 2014.

Inflows:	Developer Contribution	$	19,511,831.70
Excess Funding Transferred from S2007 Custody Account	4,303.96
Due from Developer	23,542.40

Total Inflows:  $	19,539,678.06

Outflows:

Requisition	Requisition	Status with Trustee
Date	Number	Contractor	Amount	as of 01/31/18

10/28/14	28	RIPA & Associates, LLC	$	(750,801.97)	Cleared	
10/31/14	31	RIPA & Associates, LLC	(28,065.80)	Cleared	
10/31/14	32	RIPA & Associates, LLC	(198,810.26)	Cleared	
11/17/14	35	RIPA & Associates, LLC	(23,988.94)	Cleared	
11/19/14	36	RIPA & Associates, LLC	(949,317.54)	Cleared	
11/30/14	43	RIPA & Associates, LLC	(1,228,240.16)	Cleared	
12/01/14	37	Ferguson Enterprises, Inc.	(31,759.49)	Cleared	
12/09/14	39	Sunrise Landscape	(83,700.00)	Cleared	
12/10/14	40	Nirbo Inc.	(44,646.00)	Cleared	
12/10/14	41	Vak Pak, Inc.	(11,758.30)	Cleared	
12/16/14	44	Buchanan Ingersoll & Rooney	(8,344.00)	Cleared	
12/22/14	45	Buchanan Ingersoll & Rooney	(8,436.00)	Cleared	
12/22/14	46	Sunrise Landscape	(119,992.32)	Cleared	
12/22/14	48	Atlantic TNG, LLC	(24,099.09)	Cleared	
12/22/14	49	Rinker Materials	(171,852.03)	Cleared	
12/23/14	50	Ferguson Enterprises, Inc.	(141,007.61)	Cleared	
01/02/15	51	Buchanan Ingersoll & Rooney	(6,843.19)	Cleared	
01/05/15	52	RIPA & Associates, LLC	(1,547,619.62)	Cleared	
01/12/15	53	Manasota Construction	(47,922.74)	Cleared	
01/12/15	55	Lee Te Kim	(132,654.67)	Cleared	
01/12/15	56	Lee Te Kim	(14,739.41)	Cleared	
01/13/15	57	Metcalf Enterprises, LLC	(7,950.00)	Cleared	
01/14/15	58	Atlantic TNG, LLC	(115,679.91)	Cleared	
01/15/15	59	Atlantic TNG, LLC	(54,399.45)	Cleared	
01/15/15	60	Ferguson Enterprises, Inc.	(77,183.58)	Cleared	
01/15/15	61	Rinker Materials	(5,813.44)	Cleared	
02/02/15	62	Atlantic TNG, LLC	(32,219.97)	Cleared	
02/02/15	63	Ferguson Enterprises, Inc.	(274,772.96)	Cleared	
02/02/15	64	Rinker Materials	(43,076.03)	Cleared	
02/02/15	65	Manasota Construction	(46,231.45)	Cleared	
02/02/15	66	Ballenger & Company, Inc.	(3,688.75)	Cleared	
02/10/15	67	Ballenger & Company, Inc.	(1,707.50)	Cleared	
02/20/15	68	Atlantic TNG, LLC	(6,621.60)	Cleared	
02/20/15	69	Buchanan Ingersoll & Rooney	(6,760.00)	Cleared	
02/20/15	70	Ferguson Enterprises, Inc.	(43,233.58)	Cleared	
02/20/15	71	Rinker Materials	(154,476.57)	Cleared	
02/20/15	72	RIPA & Associates, LLC	(1,852,885.04)	Cleared	

02/20/15	73	Sunrise Landscape	(38,336.92)	Cleared	
02/20/15	74	Waterset CDD	(467.00)	Cleared	
03/03/15	75	Ballenger & Company, Inc.	(1,070.00)	Cleared	
03/03/15	76	Ferguson Enterprises, Inc.	(22,594.20)	Cleared	
03/03/15	77	Manasota Construction	(161,133.95)	Cleared	
03/03/15	78	Rinker Materials	(14,604.12)	Cleared	
03/05/15	79	Vak Pak, Inc.	(38,975.20)	Cleared	
03/13/15	80	Accurate Electronics	(9,456.73)	Cleared	
03/13/15	81	Buchanan Ingersoll & Rooney	(4,326.00)	Cleared	
03/13/15	82	Creative Mailbox	(25,825.00)	Cleared	
03/13/15	83	Scarola & Associates Engineering	(4,366.69)	Cleared	
03/19/15	84	Creative Mailbox	(21,452.00)	Cleared	
03/19/15	85	Ferguson Enterprises, Inc.	(2,273.60)	Cleared	
03/19/15	86	Nirbo Inc.	(44,646.00)	Cleared	
03/19/15	87	Rinker Materials	(6,087.72)	Cleared	
03/24/15	88	Cardno Entrix	(1,687.00)	Cleared	
03/24/15	89	RIPA & Associates, LLC	(1,236,687.17)	Cleared	
03/24/15	90	RIPA & Associates, LLC	(451,896.50)	Cleared	
04/09/15	91	Buchanan Ingersoll & Rooney	(714.00)	Cleared	
04/09/15	92	Ferguson Enterprises, Inc.	(13,117.00)	Cleared	
04/09/15	93	Manasota Construction	(295,152.96)	Cleared	
04/09/15	94	ValleyCrest Landscape	(60,726.92)	Cleared	
04/09/15	95	Wabash Valley	(8,623.69)	Cleared	
04/21/15	96	RIPA & Associates, LLC	(1,036,167.10)	Cleared	
04/24/15	97	Norwell	(13,798.00)	Cleared	
05/14/15	98	Ballenger & Company, Inc.	(283.75)	Cleared	
05/14/15	99	Buchanan Ingersoll & Rooney	(840.00)	Cleared	
05/14/15	100	Manasota Construction	(226,666.69)	Cleared	
05/14/15	101	ValleyCrest Landscape	(398,520.39)	Cleared	
05/26/15	102	Cardno, Inc.	(2,462.00)	Cleared	
05/26/15	103	Ferguson Enterprises, Inc.	(2,340.00)	Cleared	
05/26/15	104	RIPA & Associates, LLC	(864,702.65)	Cleared	
05/31/15	106	Creative Mailbox	(360.00)	Cleared	
05/31/15	107	Ferguson Enterprises, Inc.	(8,509.00)	Cleared	
05/31/15	108	Nirbo Inc.	(3,900.00)	Cleared	
05/31/15	109	Scarola & Associates Engineering	(2,236.70)	Cleared	
06/30/15	110	Buchanan Ingersoll & Rooney	(84.00)	Cleared	
06/30/15	111	Crawford Signs Inc.	(44.00)	Cleared	
06/30/15	112	Creative Sign Designs	(8,547.85)	Cleared	
06/30/15	113	Manasota Construction	(227,156.11)	Cleared	
06/30/15	114	Ballenger & Company, Inc.	(1,702.50)	Cleared	
06/30/15	115	Cardno, Inc.	(1,687.00)	Cleared	
06/30/15	116	RIPA & Associates, LLC	(644,723.73)	Cleared	
06/30/15	117	Signature Signs, Inc.	(1,010.00)	Cleared	
06/30/15	118	Manasota Construction	(19,612.10)	Cleared	
06/30/15	119	ValleyCrest Landscape	(349,972.80)	Cleared	
07/31/15	120	Buchanan Ingersoll & Rooney	(924.00)	Cleared	
07/31/15	121	Scarola & Associates Engineering	(2,515.02)	Cleared	

07/31/15	122	Signature Signs, Inc.	(95.00)	Cleared	
07/31/15	123	Cardno, Inc.	(1,687.00)	Cleared	
07/31/15	124	Creative Sign Designs	(560.00)	Cleared	
07/31/15	125	Manasota Construction	(56,879.00)	Cleared	
07/31/15	126	Accurate Electronics	(9,456.71)	Cleared	
07/31/15	127	RIPA & Associates, LLC	(154,457.46)	Cleared	
08/31/15	128	Buchanan Ingersoll & Rooney	(2,982.00)	Cleared	
08/31/15	129	Creative Mailbox	(28,932.00)	Cleared	
08/31/15	130	Heidt Design	(1,250.00)	Cleared	
08/31/15	131	ValleyCrest Landscape	(121,953.38)	Cleared	
08/31/15	132	ValleyCrest Landscape	(11,245.21)	Cleared	
08/31/15	133	Cardno Entrix	(975.00)	Cleared	
09/30/15	134	Buchanan Ingersoll & Rooney	(5,964.00)	Cleared	
09/30/15	135	Heidt Design	(625.00)	Cleared	
09/30/15	136	Manasota Construction	(35,855.52)	Cleared	
09/30/15	137	Metcalf Enterprises, LLC	(3,900.00)	Cleared	
09/30/15	138	RIPA & Associates, LLC	(126,818.76)	Cleared	
09/30/15	139	RIPA & Associates, LLC	(600,679.12)	Cleared	
09/30/15	140	Florida Natives Nursey, Inc.	(4,463.16)	Cleared	
09/30/15	141	ValleyCrest Landscape	(7,492.50)	Cleared	
09/30/15	142	Buchanan Ingersoll & Rooney	(3,066.00)	Cleared	
09/30/15	143	Florida Natives Nursey, Inc.	(15,150.00)	Cleared	
09/30/15	144	Lee Te Kim	(205,320.20)	Cleared	
11/30/15	145	Manasota Construction	(58,771.98)	Cleared	
11/30/15	146	Buchanan Ingersoll & Rooney	(2,394.00)	Cleared	
11/30/15	147	ValleyCrest Landscape	(105,545.78)	Cleared	
11/30/15	148	Lee Te Kim	(232,946.41)	Cleared	
12/31/15	149	Buchanan Ingersoll & Rooney	(756.00)	Cleared	
12/31/15	150	Florida Natives Nursey, Inc.	(2,400.00)	Cleared	
12/31/15	151	RIPA & Associates, LLC	(26,026.00)	Cleared	
12/31/15	152	RIPA & Associates, LLC	(28,021.00)	Cleared	
12/31/15	153	Buchanan Ingersoll & Rooney	(2,688.00)	Cleared	
12/31/15	154	Florida Natives Nursey, Inc.	(2,400.00)	Cleared	
12/31/15	155	Lee Te Kim	(133,592.53)	Cleared	
12/31/15	156	RIPA & Associates, LLC	(5,591.00)	Cleared	
02/28/16	157	Lee Te Kim	(72,097.56)	Cleared	
02/28/16	158	Scarola & Associates Engineering	(2,700.04)	Cleared	
03/31/16	159	Lee Te Kim	(3,500.00)	Cleared	
04/30/16	160	Atlantic TNG, LLC	(21,818.50)	Cleared	
04/30/16	161	Ferguson Enterprises, Inc.	(83,717.36)	Cleared	
04/30/16	162	Florida Natives Nursey, Inc.	(8,025.00)	Cleared	
04/30/16	163	Forterra Pipe and Precast, LLC	(1,363.74)	Cleared	
04/30/16	164	Erin McCormick Law	(715.00)	Cleared	
04/30/16	165	The Kearney Companies, LLC	(332,891.66)	Cleared	
05/31/16	166	Florida Natives Nursey, Inc.	(2,400.00)	Cleared	
05/31/16	167	Lee Te Kim	(71,550.74)	Cleared	
05/31/16	168	Atlantic TNG, LLC	(8,463.00)	Cleared	
05/31/16	169	Ballenger & Company, Inc.	(300.00)	Cleared	
05/31/16	170	Erin McCormick Law	(1,007.50)	Cleared	

05/31/16	171	Ferguson Enterprises, Inc.	(72,684.63)	Cleared	
05/31/16	172	Florida Soil Cement Company, Inc.	(92,165.54)	Cleared	
05/31/16	173	Forterra Pipe and Precast, LLC	(25,470.00)	Cleared	
06/30/16	174	The Kearney Companies, LLC	(233,548.85)	Cleared	
06/30/16	175	The Kearney Companies, LLC	(31,468.91)	Cleared	
06/30/16	176	Florida Natives Nursey, Inc.	(1,200.00)	Cleared	
06/30/16	177	Scarola & Associates Engineering	(2,756.69)	Cleared	
06/30/16	178	Erin McCormick Law	(1,430.00)	Cleared	
06/30/16	179	Ferguson Enterprises, Inc.	(9,360.95)	Cleared	
06/30/16	180	Heidt Design	(950.00)	Cleared	
06/30/16	181	Creative Sign Designs	(4,995.44)	Cleared	
06/30/16	182	Florida Natives Nursey, Inc.	(18,825.00)	Cleared	
06/30/16	183	The Kearney Companies, LLC	(8,172.26)	Cleared	
06/30/16	184	Lee Te Kim	(1,350.00)	Cleared	
07/31/16	185	Ballenger & Company, Inc.	(4,891.25)	Cleared	
07/31/16	186	Erin McCormick Law	(422.50)	Cleared	
07/31/16	187	Florida Natives Nursey, Inc.	(1,200.00)	Cleared	
07/31/16	188	The Kearney Companies, LLC	(21,047.90)	Cleared	
07/31/16	189	Ferguson Enterprises, Inc.	(3,304.03)	Cleared	
07/31/16	190	Forterra Pipe and Precast, LLC	(209.12)	Cleared	
08/14/16		Buchanan Ingersoll & Rooney Refund for Overpayment	1,848.00	Cleared	
08/31/16	191	Erin McCormick Law	(1,765.50)	Cleared	
08/31/16	192	The Kearney Companies, LLC	(3,472.67)	Cleared	
08/31/16	193	The Kearney Companies, LLC	(33,189.59)	Cleared	
09/30/16	194	Creative Mailbox	(1,100.00)	Cleared	
09/30/16	195	Erin McCormick Law	(2,502.50)	Cleared	
09/30/16	196	Florida Natives Nursey, Inc.	(2,200.00)	Cleared	
09/30/16	197	RIPA & Associates, LLC	(23,476.05)	Cleared	
10/31/16	198	Erin McCormick Law	(4,907.50)	Cleared	
10/31/16	199	Atlantic TNG, LLC	(28,721.83)	Cleared	
10/31/16	200	Florida Natives Nursey, Inc.	(1,200.00)	Cleared	
10/31/16	201	RIPA & Associates, LLC	(131,335.81)	Cleared	
10/31/16	202	Metcalf Enterprises, LLC	(1,800.00)	Cleared	
10/31/16	203	HD Supply Waterworks	(10,330.21)	Cleared	
10/31/16	204	Atlantic TNG, LLC	(17,771.18)	Cleared	
11/30/16	205	RIPA & Associates, LLC	(269,348.02)	Cleared	
12/31/16	206	Florida Natives Nursey, Inc.	(1,200.00)	Cleared	
12/31/16	207	Scarola & Associates Engineering	(3,478.37)	Cleared	
12/31/16	208	Atlantic TNG, LLC	(10,454.28)	Cleared	
12/31/16	209	Ballenger & Company, Inc.	(2,336.25)	Cleared	
12/31/16	210	Erin McCormick Law	(1,950.00)	Cleared	
12/31/16	211	HD Supply Waterworks	(88,846.45)	Cleared	
12/31/16	212	Rinker Materials	(30,497.28)	Cleared	
12/31/16	213	Florida Natives Nursey, Inc.	(1,200.00)	Cleared	
12/31/16	214	HD Supply Waterworks	(3,924.18)	Cleared	
12/31/16	215	Onsight Signage & Visual Solutions	(5,128.38)	Cleared	
12/31/16	216	Onsight Signage & Visual Solutions	(3,043.35)	Cleared	
12/31/16	217	RIPA & Associates, LLC	(372,585.86)	Cleared	

12/31/16	218	RIPA & Associates, LLC		(429,563.27)	Cleared	
12/31/16	219	RIPA & Associates, LLC		(68,128.27)	Cleared	
12/31/16	220	Scarola & Associates Engineering		(700.02)	Cleared	
01/31/17	221	Erin McCormick Law		(1,332.50)	Cleared	
01/31/17	222	Florida Natives Nursey, Inc.		(2,400.00)	Cleared	
01/31/17	223	HD Supply Waterworks		(15,761.99)	Cleared	
01/31/17	224	Onsight Signage & Visual Solutions		(545.00)	Cleared	
01/31/17	225	Onsight Signage & Visual Solutions		(4,588.37)	Cleared	
01/31/17	226	Onsight Signage & Visual Solutions		(3,043.35)	Cleared	
01/31/17	227	Onsight Signage & Visual Solutions		(141.00)	Cleared	
02/28/17	228	RIPA & Associates, LLC		(37,924.85)	Cleared	
03/31/17	229	RIPA & Associates, LLC		(14,743.91)	Cleared	
03/31/17	230	RIPA & Associates, LLC		(70,900.38)	Cleared	
04/30/17	231	Ballenger & Company, Inc.		(4,420.00)	Cleared	
04/30/17	232	VOID		VOID	VOID	
04/30/17	233	Florida Natives Nursey, Inc.		(1,200.00)	Cleared	
04/30/17	234	Scarola & Associates Engineering		(1,088.78)	Cleared	
04/30/17	235	Erin McCormick Law		(3,433.50)	Cleared	
04/30/17	236	Florida Natives Nursey, Inc.		(1,200.00)	Cleared	
04/30/17	237	Metcalf Enterprises, LLC		(1,460.00)	Cleared	
04/30/17	238	Waterset CDD		(1,000.00)	Cleared	
05/31/17	242	Onsight Signage & Visual Solutions		(11,992.65)	Cleared	
05/31/17	243	Onsight Signage & Visual Solutions		(1,380.70)	Cleared	
06/30/17	244	Onsight Signage & Visual Solutions		(6,760.00)	Cleared	
08/31/17	246	Ballenger & Company, Inc.		(10,860.00)	Cleared	
08/31/17	247	VOID		VOID	VOID	
08/31/17	248	Onsight Signage & Visual Solutions		(275.00)	Cleared	
08/31/17	249	Scarola & Associates Engineering		(673.35)	Cleared	
08/31/17	251	Florida Natives Nursey, Inc.		(2,400.00)	Cleared	
08/31/17	252	Onsight Signage & Visual Solutions		(12,045.00)	Cleared	
09/30/17	255	Ballenger & Company, Inc.		(13,537.50)	Cleared	
10/31/17	256	Florida Natives Nursey, Inc.		(1,200.00)	Cleared	
11/30/17	257	Florida Natives Nursey, Inc.		(1,200.00)	Cleared	
01/31/18	260	Erin McCormick Law		(1,407.00)	Cleared	
01/31/18	261	Erin McCormick Law		(268.00)	AP	
01/31/18	262	Ballenger & Company, Inc.		(1,820.00)	AP	
01/31/18	263	Scarola & Associates Engineering		(348.35)	AP	
01/31/18	264	Florida Natives Nursey, Inc.		(2,400.00)	AP	
01/31/18	265	Onsight Signage & Visual Solutions		(18,706.05)	AP	
			Total Construction Requisitions:	(19,537,993.67)		
			
Total Outflows:	
(19,537,993.67)		

Series 2014 Custody Account Balance at January 31, 2018	$	1,684.39

Waterset North Community Development District Notes to Unaudited Financial Statements
January 31, 2018

Balance Sheet

Trust statement activity has been recorded through 01/31/18.
See EMMA (Electronic Municipal Market Access) at https://emma.msrb.org for Municipal Disclosures and Market Data.
For presentation purposes, the Reserves are shown in a separate fund titled Reserve Fund.

Summary A/R Ledger – Payment Terms

Payment terms for landowner assessments are (a) defined in the FY17-18 Assessment Resolution adopted by the Board of Supervisors, (b) pursuant to Florida Statutes, Chapter 197 for assessments levied via the county tax roll.

Summary A/R Ledger – Subsequent Collections

General Fund – Payment for Invoice #FY17-18 totaling $24,953.10 was received in February 2018.
Debt Service Fund 200 – Payment for Invoice #FY17-18 totaling $9,309.09 was received in February 2018.
Debt Service Fund 201 – Payment for Invoice #FY17-18 totaling $10,198.73 was received in February 2018.
Capital Projects Fund – Payment for Invoice #ARB270 totaling $23,542.40 was received in February 2018.