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Waterset North Community Development District

Financial Statements (Unaudited)

July 31, 2018

Prepared by: Rizzetta & Company, Inc.

watersetnorthcdd.org rizzetta.com

Waterset North Community Development District
Balance Sheet As of 7/31/2018
(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	118,572		0		0		0		17,075		135,647		0		0	
Cash On Hand	0		0		0		0		150		150		0		0	
Investments	521,193		0		1,790,844		5,929		0		2,317,967		0		0	
Investments - Reserves	0		62,842		0		0		0		62,842		0		0	
Accounts Receivable	1,083		0		52,010		14,364		1,343		68,800		0		0	
Accounts Receivable - Other	352		0		0		0		0		352		0		0	
Prepaid Expenses	1,571		0		0		0		0		1,571		0		0	
Deposits	18,522		0		0		0		500		19,022		0		0	
Due From Other Funds	0		0		0		0		851		851		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		0		1,842,855	
Amount To Be Provided Debt Service	0		0		0		0		0		0		0		15,282,145	
Fixed Assets	0		0		0		0		0		0		55,765,644		0	
Total Assets	 	661,294		 	62,842		 	1,842,855		 	20,292		 	19,919		 	2,607,202		     55,765,644		     17,125,000	

Liabilities																
Accounts Payable	45,219		0		0		14,364		12,905		72,488		0		0	
Retainage Payable	0		0		0		0		0		0		0		0	
Accrued Expenses Payable	1,474		0		0		0		0		1,474		0		0	
Other Current Liabilities	0		0		0		0		0		0		0		0	
Deposits	0		0		0		0		0		0		0		0	
Due To Other Funds	851		0		0		0		0		851		0		0	
Revenue Bonds Payable--Long Term	0		0		0		0		0		0		0		17,125,000	
Capital Lease Obligation	0		0		0		0		0		0		0		0	
Total Liabilities	47,544		0		0		14,364		12,905		74,813		0		17,125,000	

Fund Equity & Other Credits																
Beginning Fund Balance	247,394		10,028		1,572,643		464		37,031		1,867,560		55,765,644		0	
Net Change in Fund Balance	366,356		52,814		270,212		5,465		(30,018)		664,829		0		0	
Total Fund Equity & Other Credits	613,750		62,842		1,842,855		5,929		7,013		2,532,389		55,765,644		0	

Total Liabilities & Fund Equity	
 	661,294		
 	62,842		
 	1,842,855		
 	20,292		
 	19,919		
 	2,607,202		
     55,765,644		
     17,125,000	

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	2,397	2,397	0.00%	
Special Assessments						
Tax Roll	1,315,044	1,315,044	1,331,508	16,464	(1.25)%	
Off Roll	168,423	168,423	168,423	0	0.00%	
Contributions From Private Sources	
Developer Contributions	32,928	32,928	27,440	(5,488)	16.66%	
Other Miscellaneous Revenues						
Miscellaneous	 	0	 	0	 	829	 	829	 	0.00%	
Total Revenues	 	1,516,395	 	1,516,395	 	1,530,596	 	14,201	 	(0.94)%	

Expenditures
Legislative
Supervisor Fees	4,800	4,000	2,800	1,200	41.66%	
Financial & Administrative						
Administrative Services	4,500	3,750	3,750	0	16.66%	
District Management	23,300	19,417	19,417	0	16.66%	
District Engineer	2,364	1,970	0	1,970	100.00%	
Disclosure Report	6,000	6,000	6,000	0	0.00%	
Trustee Fees	7,000	7,000	5,700	1,300	18.57%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	5,000	4,167	4,167	0	16.66%	
Accounting Services	17,500	14,583	14,583	0	16.66%	
Auditing Services	3,270	3,270	3,270	0	0.00%	
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	417	6,052	(5,635)	(1,110.43)%	
Dues, Licenses & Fees	525	525	175	350	66.66%	
Website Fees & Maintenance	2,100	1,750	1,750	0	16.66%	
Legal Counsel						
District Counsel	20,000	16,667	30,231	(13,565)	(51.15)%	
Security Operations						
Security Services and Patrols	70,000	58,333	55,504	2,829	20.70%	
Electric Utility Services						
Utility Services	15,000	12,500	7,111	5,389	52.59%	
Utility - Recreation Facilities	15,000	12,500	18,659	(6,159)	(24.39)%	
Street Lights	75,000	62,500	54,199	8,301	27.73%	
Gas Utility Services						
Utility - Recreation Facilities	12,000	10,000	9,266	734	22.77%	
Garbage/Solid Waste Control Services						
Garbage - Recreation Facility	5,500	4,583	4,571	12	16.89%	
Water-Sewer Combination Services						
Utility Services	10,000	8,333	5,430	2,903	45.70%	
Utility - Reclaimed	20,000	16,667	12,108	4,559	39.46%	
Stormwater Control

Lake/Pond Bank Maintenance	5,000	4,167	0	4,167	100.00%	
Aquatic Maintenance	45,000	37,500	34,728	2,772	22.82%	
Mitigation Area Monitoring & Maintenance	6,190	5,158	675	4,483	89.09%	
Aquatic Plant Enhancement	10,000	8,333	0	8,333	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	833	0	833	100.00%	
Landscape Maintenance	530,000	441,667	458,532	(16,866)	13.48%	
Irrigation Repairs	10,000	8,333	35,974	(27,641)	(259.73)%	
Landscape Replacement Plants, Shrubs, Trees	35,000	29,167	15,707	13,460	55.12%	
Landscape Mulch	75,000	62,500	69,480	(6,980)	7.36%	
Field Operations	7,200	6,000	6,000	0	16.66%	
Fire Ant Treatment	3,200	2,667	0	2,667	100.00%	
Road & Street Facilities						
Sidewalk Repair & Maintenance	1,000	833	0	833	100.00%	
Street Sign Repair & Replacement	3,000	2,500	2,486	14	17.12%	
Parks & Recreation						
Management Contract	155,000	129,167	85,267	43,900	44.98%	
Vehicle Maintenance	1,500	1,250	289	961	80.75%	
Fitness Equipment Maintenance & Repairs	3,000	2,500	603	1,897	79.91%	
Pest Control	1,500	1,250	1,250	0	16.66%	
Pool Permits	1,000	1,000	425	575	57.50%	
Facility A/C & Heating Maintenance & Repair	4,000	3,333	2,017	1,316	49.56%	
Pool Service Contract	18,000	15,000	15,000	0	16.66%	
Pool Repairs	12,000	10,000	3,780	6,220	68.50%	
Maintenance & Repairs	18,000	15,000	6,643	8,357	63.09%	
Telephone, Fax, Internet	11,100	9,250	9,983	(733)	10.06%	
Clubhouse - Facility Janitorial Service	23,700	19,750	19,800	(50)	16.45%	
Clubhouse - Facility Janitorial Supplies	3,000	2,500	264	2,236	91.19%	
Window Cleaning	5,308	4,423	3,449	974	35.02%	
Computer Support, Maintenance & Repair	500	417	1,045	(629)	(109.07)%	
Security System Monitoring & Maintenance	3,500	2,917	2,376	541	32.11%	
Furniture Repair/Replacement	4,000	3,333	5,847	(2,513)	(46.16)%	
Clubhouse Miscellaneous Expense	7,500	6,250	3,092	3,158	58.76%	
Trail/Bike Path Maintenance	1,500	1,250	0	1,250	100.00%	

Playground Equipment & Maintenance	5,000	4,167	0	4,167	100.00%	
Access Control Maintenance & Repair	2,500	2,083	2,471	(388)	1.16%	
Athletic/Park Court/Field Repairs	1,500	1,250	0	1,250	100.00%	
Office Supplies	2,000	1,667	1,371	295	31.43%	
Facility Funding	126,474	105,395	73,777	31,619	41.66%	
Contingency						
Miscellaneous Contingency	 	12,391		 	10,326		 	0		 	10,326		 	100.00%	
Total Expenditures	 	1,516,395		 	1,273,540		 	1,164,241		 	109,300		 	23.22%	
Excess of Revenue Over (Under) Expenditures	0		242,855		366,356		123,501		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
242,855		
366,356		
123,501		
0.00%	

Fund Balance, Beginning of Period										
	0		0		247,394		247,394		0.00%	
Fund Balance, End of Period	 	0		 	242,855		 	613,750		 	370,895		 	0.00%	

Tax Roll	52,493		52,493		0		0.00%	
Total Revenues	52,493		52,814		321		0.61%	

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		
52,814		
52,814		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
52,814		
52,814		
0.00%	

Fund Balance, Beginning of Period								
	0		10,028		10,028		0.00%	
Fund Balance, End of Period	 	0		 	62,842		 	62,842		 	0.00%	

Tax Roll	490,598		496,731		6,132		1.24%	
Off Roll	0		1,921		1,921		0.00%	
Total Revenues	490,598		502,758		12,160		2.48%	

Expenditures								
Debt Service								
Interest	280,598		279,511		1,087		0.38%	
Principal	210,000		210,000		0		0.00%	
Total Expenditures	490,598		489,511		1,087		0.22%	

Excess of Revenue Over (Under) Expenditures	
0		
13,246		
13,246		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
13,246		
13,246		
0.00%	

Fund Balance, Beginning of Period								
	0		399,423		399,423		0.00%	
Fund Balance, End of Period	 	0		 	412,670		 	412,670		 	0.00%	

201 - Debt Service Fund S2014 From 10/1/2017 Through 7/31/2018 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		12,858		12,858		0.00%	
Special Assessments								
Tax Roll	537,483		544,201		6,719		1.24%	
Off Roll	167,129		430,416		263,288		157.53%	
Total Revenues	704,611		987,475		282,864		40.14%	

Expenditures								
Debt Service								
Interest	534,611		547,750		(13,139)		(2.45)%	
Principal	170,000		170,000		0		0.00%	
Total Expenditures	704,611		717,750		(13,139)		(1.86)%	

Excess of Revenue Over (Under) Expenditures	
0		
269,725		
269,725		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(12,759)		(12,759)		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		256,966		256,966		0.00%	

Fund Balance, Beginning of Period								
	0		1,173,219		1,173,219		0.00%	
Fund Balance, End of Period	 	0		 	1,430,185		 	1,430,185		 	0.00%	

301 - Capital Projects Fund S2014 From 10/1/2017 Through 7/31/2018 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings					
Interest Earnings	0	64	64	0.00%	
Contributions From Private Sources					
Developer Contributions	0		121,148		121,148		0.00%	
Total Revenues	0		121,212		121,212		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		128,507		(128,507)		0.00%	
Total Expenditures	0		128,507		(128,507)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
(7,294)		
(7,294)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		12,759		12,759		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		5,465		5,465		0.00%	

Fund Balance, Beginning of Period								
	0		464		464		0.00%	
Fund Balance, End of Period	 	0		 	5,929		 	5,929		 	0.00%	

400 - Enterprise Fund
From 10/1/2017 Through 7/31/2018
(In Whole Numbers)

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

Revenues
Other Miscellaneous Revenues
Food	72,000	60,000	58,513	(1,487)	18.73%	
Beverages	25,000	20,833	17,170	(3,663)	31.31%	
Alcoholic Beverages	13,000	10,833	10,778	(55)	17.09%	
Builder Relations	5,000	4,167	6,510	2,343	(30.19)%	
Facility Funding	 	126,474	 	105,395	 	73,777	 	(31,619)	 	41.66%	
Total Revenues	 	241,474	 	201,228	 	166,748	 	(34,480)	 	30.95%	

Expenditures
Financial & Administrative
Bank Fees	8,000	6,667	7,423	(757)	7.20%	
Dues, Licenses & Fees	500	417	262	155	47.60%	
Miscellaneous Fees	100	83	0	83	100.00%	
Parks & Recreation						
Management Contract	153,500		127,917		111,887		16,029		27.10%	
Cafe Marketing & Consulting	500		417		224		193		55.21%	
Maintenance & Repairs	2,500		2,083		3,898		(1,814)		(55.90)%	
Facility Supplies	14,624		12,187		13,659		(1,472)		6.60%	
Food	45,000		37,500		42,757		(5,257)		4.98%	
Beverage	16,000		13,333		16,575		(3,242)		(3.59)%	
Computer Support, Maintenance & Repair	250		208		0		208		100.00%	
Office Supplies	 	500		 	417		 	81		 	335		 	83.74%	
Total Expenditures	 	241,474		 	201,228		 	196,766		 	4,462		 	18.51%	
Excess of Revenue Over (Under) Expenditures	0		(0)		(30,018)		(30,018)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(0)		
(30,018)		
(30,018)		
0.00%	

Fund Balance, Beginning of Period										
	0		0		37,031		37,031		0.00%	
Fund Balance, End of Period	 	0		 	(0)		 	7,013		 	7,013		 	0.00%	

Waterset North CDD Investment Summary July 31, 2018

Balance as of
Account	Investment	July 31, 2018

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

$	246,015

BOKF, National Association	Money Market	182,322
The Park National Bank	Money Market	61
United Bank	Money Market	92,795
Total General Fund Investments      $	521,193 

The Bank of Tampa ICS Program:
BOKF, National Association	Money Market

$	62,842

Total Reserve Fund Investments     $	62,842 

US Bank Series 2014 Revenue	First American Treasury Obligation Fund Class Z	$	397,921	
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		257,616	
US Bank Series 2017A-1 Reserve	First American Government Obligation Fund Class Y		173,793	
US Bank Series 2017A-1 Prepayment	First American Government Obligation Fund Class Y		1,885	
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		164,967	

Total Debt Service Fund Investments     $	1,790,844 

US Bank Series 2014 Acquisition & Construc First American Treasury Obligation Fund Class Z	$	5,929

Total Capital Project Fund Investments     $	5,929 

Invoice Date		Customer Name		Invoice Number		Current Balance	

4/30/2018		
Waterset Homeowners Association, Inc.		
OMR0418-3		
300.96	
6/30/2018		Waterset Homeowners Association, Inc.		OMR0618-3		781.86	
				
Total 001 - General Fund		
1,082.82	

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2017	NNP - Southbend II, LLC	435-18-01	52,010.45

Total 201 - Debt Service Fund S2014

52,010.45

Invoice Date	Customer Name	Invoice Number	Current Balance

7/31/2018	NNP - Southbend II, LLC	ARB290	14,363.60

Total 301 - Capital Projects Fund S2014

14,363.60

Invoice Date		Customer Name		Invoice Number	Current Balance	

6/30/2018		
NNP - Southbend II, LLC		
Cafe0618-1	
434.41	
7/31/2018		NNP - Southbend II, LLC		Cafe0718-1	908.64	
				
Total 400 - Enterprise Fund	
1,343.05	

Report Balance	68,799.92

Vendor Name	Invoice Date	Invoice Number	Invoice Description	Current Balance

Aquatic Systems, Inc.	5/16/2018	0000410567	Monthly Lake and Wetland Services	807.00	
			- add on 05/18		
Synergy FL	7/1/2018	80581	Monitoring Electronic Security System Amenity Bldg 07/18	54.95	
Times Publishing Company	7/12/2018	659385 07/12/18	Legal Advertising Account #107056 07/18	2,146.00	
Times Publishing Company	7/19/2018	659385 07/19/18	Legal Advertising Account #107056 07/18	1,822.40	
Hillsborough County BOCC	7/19/2018	0761919834 07/18	6651 Waterset Blvd 07/18	138.05	
Karl J. Koudelka	7/20/2018	3807237	(200) Access Cards w/Adhesive Backs 07/18	503.17	
Landscape Maintenance Professionals, Inc.	7/20/2018	135262	Irrigation Repairs 07/18	33.00	
Landscape Maintenance Professionals, Inc.	7/20/2018	135324	Replace Turf Outside Lakeside Amenity Dog Park 07/18	623.75	
Castle Management, LLC	7/20/2018	PREIM07-20-18-186	Payroll - Period 06/30/18-07/13/18	4,062.19	
Onsight Signage & Visual Solutions	7/20/2018	6-18-231917-1	Repair Community Mailbox Door 07/18	95.00	
G4S Secure Solutions Inc.	7/22/2018	8983379	Security Services 07/16/18-07/22/18	1,083.60	
Landscape Maintenance Professionals, Inc.	7/23/2018	135330	Landscape Maintenance Addendum#2 & #3 07/18	4,506.98	
Aquatic Systems, Inc.	7/24/2018	0000416644	Midge Fly Treatments (3) - Sites 4 & 40 07/18	1,237.00	
FitRev, Inc.	7/25/2018	16707	Fitness Equipment Maintenance 07/18	145.00	
Florida Natives Nursery, Inc.	7/26/2018	15424	Bi Monthly Mitigation Maintenance 07/18	675.00	
Landscape Maintenance Professionals, Inc.	7/28/2018	135723	Irrigation Repairs 07/18	49.80	
G4S Secure Solutions Inc.	7/29/2018	8991198	Security Services 07/23/18-07/29/18	1,083.60	
Landscape Maintenance Professionals, Inc.	7/30/2018	135724	Restake 35 Trees Along Milestone 07/18	3,395.00	
Landscape Maintenance Professionals, Inc.	7/31/2018	135840	Fertilize St Augustine, Zoysia, Bermuda 07/18	8,261.50	
Landscape Maintenance Professionals, Inc.	7/31/2018	135841	Pest Control 07/18	1,520.00	
Erin McCormick Law, P.A.	8/1/2018	10236	Legal Services 07/18	3,306.78	

Vendor Name	Invoice Date	Invoice Number	Invoice Description	Current Balance

Tampa Electric Company

8/2/2018

Summary Bill 07/18

Summary Bill 07/18	9,669.45

Total 001 - General Fund

45,219.22

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Ballenger & Company, Inc.		
7/16/2018		
CUS 280 Ballenger		
CUS 280-282 Series 2014		
8,850.00	
Erin McCormick Law, P.A.		7/16/2018		CUS 281 Erin		CUS 280-282 Series 2014		3,395.00	
Onsight Signage & Visual Solutions		7/16/2018		CUS 282 Onsight		CUS 280-282 Series 2014		2,118.60	
						
Total 301 - Capital Projects Fund S2014		
14,363.60	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Sysco West Coast Florida, Inc.		
7/12/2018		
WC 137974445		
Supplies 07/18		
130.31	
Sysco West Coast Florida, Inc.		7/12/2018		WC 137974446		Food 07/18		17.20	
Sysco West Coast Florida, Inc.		7/20/2018		WC 137988496		Cafe Food/Beverages/Supplies 07/18		900.47	
Castle Management, LLC		7/20/2018		PREIM07-20-18-186		Payroll - Period 06/30/18-07/13/18		8,040.62	
Chris's Plumbing Service, Inc.		7/22/2018		207367		Service Call - Clean Drain 07/18		207.00	
Nu Vista Foods Group, Inc.		7/23/2018		WC 07231820		Cafe Food/Beverages/Supplies 07/18		740.44	
Sysco West Coast Florida, Inc.		7/25/2018		WC 137995563		Cafe Food/Beverages/Supplies 07/18		506.69	
Sysco West Coast Florida, Inc.		7/27/2018		WC 137998383		Cafe Food/Beverages/Supplies 07/18		762.34	
Nu Vista Foods Group, Inc.		7/30/2018		WC 07301831		Cafe Food/Beverages/Supplies 07/18		400.43	
Florida Department of Revenue		7/31/2018		39-8015954075-8 07/18		Sales Tax Payable 07/18		1,199.76	
						
Total 400 - Enterprise Fund		
12,905.26	

Report Total								
72,488.08	

Inflows:	Debt Proceeds		$	8,681,222.33		
	Underwriters Discount		213,300.00		
		Total Bond Proceeds:	8,894,522.33		
	
Interest Earnings		
79.35		
	Transfer from Revenue Account		7,022.23		
	Transfer from Reserve Account		12,036.23		
		Total Inflows:	$	8,913,660.14		

Outflows:					
Requisition Date	Requisition
Number	Contractor		
Amount	Status with Trustee As of 07/31/18	

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	
05/31/18	276	Ballenger & Company, Inc.		(5,140.61)	Cleared	
			Total Requisitions:	(8,398,122.46)		
			
Total Outflows:	
(8,907,731.33)		

Construction Account Balance at July 31, 2018	$	5,928.81

* 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	$	19,584,206.81
Excess Funding Transferred from S2007 Custody Account	34,589.84
Due from Developer	14,363.60

Total Inflows:  $	19,633,160.25

Outflows:

Requisition	Requisition	Status with Trustee
Date	Number	Contractor	Amount	as of 07/31/18

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)	Cleared	
01/31/18	262	Ballenger & Company, Inc.		(1,820.00)	Cleared	
01/31/18	263	Scarola & Associates Engineering		(348.35)	Cleared	
01/31/18	264	Florida Natives Nursey, Inc.		(2,400.00)	Cleared	
01/31/18	265	Onsight Signage & Visual Solutions		(18,706.05)	Cleared	
02/28/18	266	Florida Natives Nursey, Inc.		(1,200.00)	Cleared	
02/28/18	267	Onsight Signage & Visual Solutions		(10,701.10)	Cleared	
02/28/18	268	Onsight Signage & Visual Solutions		(7,127.13)	Cleared	
03/31/18	269	Ballenger & Company, Inc.		(6,980.00)	Cleared	
03/31/18	270	Onsight Signage & Visual Solutions		(16,178.75)	Cleared	
04/30/18	271	Erin McCormick Law		(140.00)	Cleared	
04/30/18	272	Florida Natives Nursey, Inc.		(2,400.00)	Cleared	
04/30/18	273	Onsight Signage & Visual Solutions		(827.35)	Cleared	
04/30/18	274	Scarola & Associates Engineering		(340.01)	Cleared	
05/31/18	275	Ballenger & Company, Inc.		(1,684.39)	Cleared	
05/31/18	277	Ballenger & Company, Inc.		(4,880.00)	Cleared	
06/30/18	278	Ballenger & Company, Inc.		(1,857.50)	Cleared	
06/30/18	279	Onsight Signage & Visual Solutions		(26,486.75)	Cleared	
07/31/18	280	Ballenger & Company, Inc.		(8,850.00)	AP	
07/31/18	281	Erin McCormick Law		(3,395.00)	AP	
07/31/18	282	Onsight Signage & Visual Solutions		(2,118.60)	AP	
			Total Construction Requisitions:	(19,633,160.25)		
			
Total Outflows:	
(19,633,160.25)		

Series 2014 Custody Account Balance at July 31, 2018	$	-

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

Balance Sheet

Trust statement activity has been recorded through 07/31/18.
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 #OMR0418-3 totaling $300.96 was received in August 2018.
General Fund – Payment for Invoice #OMR0618-3 totaling $781.86 was received in August 2018.
Capital Projects Fund – Payment for Invoice #ARB290 totaling $14,363.60 was received in August 2018.