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Waterset North Community Development District

Financial Statements (Unaudited)

August 31, 2018

Prepared by: Rizzetta & Company, Inc.

watersetnorthcdd.org rizzetta.com

Waterset North Community Development District
Balance Sheet As of 8/31/2018
(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	186,057		0		0		0		29,061		215,118		0		0	
Cash On Hand	0		0		0		0		150		150		0		0	
Investments	321,488		0		1,799,063		7,013		0		2,127,564		0		0	
Investments - Reserves	0		62,898		0		0		0		62,898		0		0	
Accounts Receivable	0		0		45,285		4,205		1,287		50,776		0		0	
Accounts Receivable - Other	1,283		0		0		0		0		1,283		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		1,077		1,077		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		0		1,844,348	
Amount To Be Provided Debt Service	0		0		0		0		0		0		0		15,280,652	
Fixed Assets	0		0		0		0		0		0		55,769,849		0	
Total Assets	 	528,922		 	62,898		 	1,844,348		 	11,218		 	32,074		 	2,479,459		     55,769,849		     17,125,000	

Liabilities																
Accounts Payable	19,091		0		0		4,205		16,702		39,999		0		0	
Retainage Payable	0		0		0		0		0		0		0		0	
Accrued Expenses Payable	18,437		0		0		0		5,180		23,617		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	1,077		0		0		0		0		1,077		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	38,605		0		0		4,205		21,883		64,693		0		17,125,000	

Fund Equity & Other Credits																
Beginning Fund Balance	247,394		10,028		1,572,643		464		37,031		1,867,560		55,769,849		0	
Net Change in Fund Balance	242,923		52,870		271,705		6,549		(26,840)		547,206		0		0	
Total Fund Equity & Other Credits	490,317		62,898		1,844,348		7,013		10,191		2,414,766		55,769,849		0	

Total Liabilities & Fund Equity	
 	528,922		
 	62,898		
 	1,844,348		
 	11,218		
 	32,074		
 	2,479,459		
     55,769,849		
     17,125,000	

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	2,691	2,691	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	30,184	(2,744)	8.33%	
Other Miscellaneous Revenues						
Miscellaneous	 	0	 	0	 	1,310	 	1,310	 	0.00%	
Total Revenues	 	1,516,395	 	1,516,395	 	1,534,116	 	17,721	 	(1.17)%	

Expenditures
Legislative
Supervisor Fees	4,800	4,400	3,200	1,200	33.33%	
Financial & Administrative						
Administrative Services	4,500	4,125	4,125	0	8.33%	
District Management	23,300	21,358	21,358	0	8.33%	
District Engineer	2,364	2,167	0	2,167	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	4,583	4,583	0	8.33%	
Accounting Services	17,500	16,042	16,042	0	8.33%	
Auditing Services	3,270	3,270	3,270	0	0.00%	
Arbitrage Rebate Calculation	1,000	1,000	1,500	(500)	(50.00)%	
Public Officials Liability Insurance	2,750	2,750	2,500	250	9.09%	
Legal Advertising	500	458	6,052	(5,594)	(1,110.43)%	
Dues, Licenses & Fees	525	525	533	(8)	(1.47)%	
Website Fees & Maintenance	2,100	1,925	1,925	0	8.33%	
Legal Counsel						
District Counsel	20,000	18,333	32,908	(14,575)	(64.54)%	
Security Operations						
Security Services and Patrols	70,000	64,167	59,692	4,475	14.72%	
Electric Utility Services						
Utility Services	15,000	13,750	7,860	5,890	47.60%	
Utility - Recreation Facilities	15,000	13,750	20,718	(6,968)	(38.12)%	
Street Lights	75,000	68,750	59,731	9,019	20.35%	
Gas Utility Services						
Utility - Recreation Facilities	12,000	11,000	9,312	1,688	22.39%	
Garbage/Solid Waste Control Services						
Garbage - Recreation Facility	5,500	5,042	5,204	(163)	5.37%	
Water-Sewer Combination Services						
Utility Services	10,000	9,167	5,785	3,381	42.14%	
Utility - Reclaimed	20,000	18,333	13,759	4,575	31.20%	
Stormwater Control

Lake/Pond Bank Maintenance	5,000	4,583	0	4,583	100.00%	
Aquatic Maintenance	45,000	41,250	38,688	2,562	14.02%	
Mitigation Area Monitoring & Maintenance	6,190	5,674	675	4,999	89.09%	
Aquatic Plant Enhancement	10,000	9,167	0	9,167	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	917	0	917	100.00%	
Landscape Maintenance	530,000	485,833	504,778	(18,945)	4.75%	
Irrigation Repairs	10,000	9,167	38,463	(29,296)	(284.62)%	
Landscape Replacement Plants, Shrubs, Trees	35,000	32,083	20,224	11,860	42.21%	
Landscape Mulch	75,000	68,750	69,480	(730)	7.36%	
Field Operations	7,200	6,600	6,600	0	8.33%	
Fire Ant Treatment	3,200	2,933	0	2,933	100.00%	
Road & Street Facilities						
Sidewalk Repair & Maintenance	1,000	917	0	917	100.00%	
Street Sign Repair & Replacement	3,000	2,750	3,086	(336)	(2.86)%	
Parks & Recreation						
Management Contract	155,000	142,083	102,981	39,102	33.56%	
Vehicle Maintenance	1,500	1,375	289	1,086	80.75%	
Fitness Equipment Maintenance & Repairs	3,000	2,750	603	2,147	79.91%	
Pest Control	1,500	1,375	1,375	0	8.33%	
Pool Permits	1,000	1,000	425	575	57.50%	
Facility A/C & Heating Maintenance & Repair	4,000	3,667	2,017	1,649	49.56%	
Pool Service Contract	18,000	16,500	16,500	0	8.33%	
Pool Repairs	12,000	11,000	3,780	7,220	68.50%	
Maintenance & Repairs	18,000	16,500	7,333	9,167	59.25%	
Telephone, Fax, Internet	11,100	10,175	10,992	(817)	0.97%	
Clubhouse - Facility Janitorial Service	23,700	21,725	21,775	(50)	8.12%	
Clubhouse - Facility Janitorial Supplies	3,000	2,750	264	2,486	91.19%	
Window Cleaning	5,308	4,866	3,449	1,417	35.02%	
Computer Support, Maintenance & Repair	500	458	1,045	(587)	(109.07)%	
Security System Monitoring & Maintenance	3,500	3,208	3,255	(47)	6.99%	
Furniture Repair/Replacement	4,000	3,667	5,847	(2,180)	(46.16)%	
Clubhouse Miscellaneous Expense	7,500	6,875	3,147	3,728	58.03%	
Trail/Bike Path Maintenance	1,500	1,375	0	1,375	100.00%	

Playground Equipment & Maintenance	5,000	4,583	0	4,583	100.00%	
Access Control Maintenance & Repair	2,500	2,292	2,471	(179)	1.16%	
Athletic/Park Court/Field Repairs	1,500	1,375	0	1,375	100.00%	
Office Supplies	2,000	1,833	1,371	462	31.43%	
Facility Funding	126,474	115,935	94,856	21,079	25.00%	
Contingency						
Miscellaneous Contingency	 	12,391		 	11,358		 	0		 	11,358		 	100.00%	
Total Expenditures	 	1,516,395		 	1,394,968		 	1,291,194		 	103,774		 	14.85%	
Excess of Revenue Over (Under) Expenditures	0		121,427		242,923		121,495		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
121,427		
242,923		
121,495		
0.00%	

Fund Balance, Beginning of Period										
	0		0		247,394		247,394		0.00%	
Fund Balance, End of Period	 	0		 	121,427		 	490,317		 	368,890		 	0.00%	

Tax Roll	52,493		52,493		0		0.00%	
Total Revenues	52,493		52,870		377		0.72%	

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		
52,870		
52,870		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
52,870		
52,870		
0.00%	

Fund Balance, Beginning of Period								
	0		10,028		10,028		0.00%	
Fund Balance, End of Period	 	0		 	62,898		 	62,898		 	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		503,283		12,685		2.59%	

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		
13,771		
13,771		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
13,771		
13,771		
0.00%	

Fund Balance, Beginning of Period								
	0		399,423		399,423		0.00%	
Fund Balance, End of Period	 	0		 	413,195		 	413,195		 	0.00%	

201 - Debt Service Fund S2014 From 10/1/2017 Through 8/31/2018 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		14,900		14,900		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		989,518		284,906		40.43%	

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		
271,768		
271,768		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(13,834)		(13,834)		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		257,933		257,933		0.00%	

Fund Balance, Beginning of Period								
	0		1,173,219		1,173,219		0.00%	
Fund Balance, End of Period	 	0		 	1,431,153		 	1,431,153		 	0.00%	

301 - Capital Projects Fund S2014 From 10/1/2017 Through 8/31/2018 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings					
Interest Earnings	0	73	73	0.00%	
Contributions From Private Sources					
Developer Contributions	0		125,353		125,353		0.00%	
Total Revenues	0		125,426		125,426		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		132,712		(132,712)		0.00%	
Total Expenditures	0		132,712		(132,712)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
(7,285)		
(7,285)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		13,834		13,834		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		6,549		6,549		0.00%	

Fund Balance, Beginning of Period								
	0		464		464		0.00%	
Fund Balance, End of Period	 	0		 	7,013		 	7,013		 	0.00%	

400 - Enterprise Fund
From 10/1/2017 Through 8/31/2018
(In Whole Numbers)

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

Revenues
Other Miscellaneous Revenues
Food	72,000	66,000	67,262	1,262	6.58%	
Beverages	25,000	22,917	19,348	(3,569)	22.60%	
Alcoholic Beverages	13,000	11,917	12,316	399	5.26%	
Builder Relations	5,000	4,583	7,306	2,723	(46.12)%	
Facility Funding	 	126,474	 	115,935	 	94,856	 	(21,079)	 	25.00%	
Total Revenues	 	241,474	 	221,351	 	201,087	 	(20,264)	 	16.73%	

Expenditures
Financial & Administrative
Bank Fees	8,000	7,333	8,665	(1,331)	(8.30)%	
Dues, Licenses & Fees	500	458	654	(196)	(30.80)%	
Miscellaneous Fees	100	92	0	92	100.00%	
Parks & Recreation						
Management Contract	153,500		140,708		130,177		10,531		15.19%	
Cafe Marketing & Consulting	500		458		224		234		55.21%	
Maintenance & Repairs	2,500		2,292		4,278		(1,987)		(71.12)%	
Facility Supplies	14,624		13,405		15,024		(1,619)		(2.73)%	
Food	45,000		41,250		50,599		(9,349)		(12.44)%	
Beverage	16,000		14,667		18,225		(3,558)		(13.90)%	
Computer Support, Maintenance & Repair	250		229		0		229		100.00%	
Office Supplies	 	500		 	458		 	81		 	377		 	83.74%	
Total Expenditures	 	241,474		 	221,351		 	227,927		 	(6,576)		 	5.61%	
Excess of Revenue Over (Under) Expenditures	0		(0)		(26,840)		(26,840)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(0)		
(26,840)		
(26,840)		
0.00%	

Fund Balance, Beginning of Period										
	0		0		37,031		37,031		0.00%	
Fund Balance, End of Period	 	0		 	(0)		 	10,191		 	10,191		 	0.00%	

Waterset North CDD Investment Summary August 31, 2018

Balance as of
Account	Investment	August 31, 2018

The Bank of Tampa	Business Money Market	$	46,064	
The Bank of Tampa ICS Program:				
BOKF, National Association	Money Market		182,303	
United Bank	Money Market		93,121	

Total General Fund Investments      $	321,488 

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

$	62,898

Total Reserve Fund Investments     $	62,898 

US Bank Series 2014 Revenue	First American Treasury Obligation Fund Class Z	$	405,232	
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		257,999	
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		165,492	

Total Debt Service Fund Investments     $	1,799,063 

US Bank Series 2014 Acquisition & Construc First American Treasury Obligation Fund Class Z	$	7,013

Total Capital Project Fund Investments     $	7,013 

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2017	NNP - Southbend II, LLC	435-18-01	45,284.60

Total 201 - Debt Service Fund S2014

45,284.60

Invoice Date	Customer Name	Invoice Number	Current Balance

8/31/2018	NNP - Southbend II, LLC	CP0818-1	4,205.00

Total 301 - Capital Projects Fund S2014

4,205.00

Invoice Date		Customer Name		Invoice Number	Current Balance	

6/30/2018		
NNP - Southbend II, LLC		
Cafe0618-1	
434.41	
8/31/2018		NNP - Southbend II, LLC		Cafe0818-1	852.23	
				
Total 400 - Enterprise Fund	
1,286.64	

Report Balance	50,776.24

Vendor Name	Invoice Date	Invoice Number	Invoice Description	Current Balance

Castle Management, LLC	4/30/2018	CELL-0418-105	Cellular & Beepers 04/18	30.00	
Castle Management, LLC	5/31/2018	CELL-0518-104	Cellular & Beepers 05/18	30.00	
Castle Management, LLC	5/31/2018	INS-0518-166	Insurance Reimbursement 05/18	237.00	
Castle Management, LLC	6/30/2018	CELL-0618-103	Cellular & Beepers 06/18	30.00	
Landscape Maintenance Professionals, Inc.	7/24/2018	135343	Irrigation Repairs 07/18	47.40	
Castle Management, LLC	7/31/2018	CELL-0718-104	Cellular & Beepers 07/18	30.00	
CIMA Energy Solutions, LLC	8/10/2018	56186894	Gas Sales 08/18	9.00	
Castle Management, LLC	8/14/2018	PREIM08-03-18-186	Payroll - Period 07/14/18-07/27/18	4,750.17	
Landscape Maintenance Professionals, Inc.	8/16/2018	135990	Irrigation Repairs 08/18	517.14	
Landscape Maintenance Professionals, Inc.	8/16/2018	135991	Irrigation Repairs 08/18	90.00	
Landscape Maintenance Professionals, Inc.	8/16/2018	135995	Irrigation Repairs 08/18	270.00	
American Society of Composers, Authors and Publishers	8/20/2018	500736056 2018	ASCAP License 2018	357.75	
Onsight Signage & Visual Solutions	8/23/2018	6-18-233574-1	Install Street Signage 08/18	599.75	
Landscape Maintenance Professionals, Inc.	8/23/2018	136098	Irrigation Repairs-Replace Faulty Controller Battery 08/18	227.00	
Landscape Maintenance Professionals, Inc.	8/23/2018	136099	Irrigation Repairs 08/18	85.80	
Landscape Maintenance Professionals, Inc.	8/23/2018	136100	Irrigation Repairs 08/18	230.00	
Landscape Maintenance Professionals, Inc.	8/23/2018	136102	Irrigation Repairs 08/18	47.40	
Castle Management, LLC	8/24/2018	PREIM08-17-18-188	Payroll - Period 07/28/18-08/10/18	4,525.57	
Hillsborough County BOCC	8/24/2018	0761919834 08/18	6651 Waterset Blvd 08/18	36.25	
G4S Secure Solutions Inc.	8/26/2018	10039777	Security Services 08/20/18-08/26/18	1,083.60	
Landscape Maintenance Professionals, Inc.	8/29/2018	136548	Irrigation Repairs 08/18	45.00	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Landscape Maintenance Professionals, Inc.		
8/30/2018		
136561		
Replace (3) Crape Myrtle & Mulch 08/18		
2,253.25	
Landscape Maintenance Professionals, Inc.		8/30/2018		136562		Install Copper Plant/Mulch 08/18		147.50	
Landscape Maintenance Professionals, Inc.		8/30/2018		136563		Install (40) Dwarf Firebush & Mulch 08/18		948.00	
Landscape Maintenance Professionals, Inc.		8/30/2018		136564		Install (40) Simpson's Stopper & Mulch 08/18		1,168.00	
Landscape Maintenance Professionals, Inc.		8/31/2018		136603		Irrigation Repair 08/18		177.21	
Castle Management, LLC		8/31/2018		INS-0818-173		Insurance Reimbursement 08/18		1,066.50	
Hillsborough County BOCC		9/6/2018		0849701035 08/18		6213 Covington Garden Drive 08/18		52.09	
						
Total 001 - General Fund		
19,091.38	

Vendor Name	Invoice Date	Invoice Number	Invoice Description	Current Balance

Ballenger & Company, Inc.

8/22/2018

CUS 283 Ballenger

CUS 283 Series 2014	4,205.00

Total 301 - Capital Projects Fund S2014

4,205.00

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

DBPR		
8/10/2018		
BEV3911363 FY 18/19		
Liquor License Renewal FY18/19		
392.00	
Castle Management, LLC		8/14/2018		PREIM08-03-18-186		Payroll - Period 07/14/18-07/27/18		6,228.09	
Castle Management, LLC		8/24/2018		PREIM08-17-18-188		Payroll - Period 07/28/18-08/10/18		6,091.75	
Sysco West Coast Florida, Inc.		8/24/2018		WC 237045059		Cafe Food/Beverages/Supplies 08/18		574.64	
Sysco West Coast Florida, Inc.		8/29/2018		WC 237052054		Cafe Food/Beverages/Supplies 08/18		802.66	
Cheney Brothers, Inc.		8/29/2018		06-916372331		Cafe/ Food/ Beverage/Supplies 08/18		792.70	
Chris's Plumbing Service, Inc.		8/31/2018		208960		Service Call - Remove Leaking Water Softner 08/18		195.57	
Florida Department of Revenue		8/31/2018		39-8015954075-8 08/18		Sales Tax Payable 08/18		1,230.06	
Castle Management, LLC		8/31/2018		INS-0818-173		Insurance Reimbursement 08/18		395.00	
						
Total 400 - Enterprise Fund		
16,702.47	

Report Total								
39,998.85	

Inflows:	Debt Proceeds		$	8,681,222.33		
	Underwriters Discount		213,300.00		
		Total Bond Proceeds:	8,894,522.33		
	
Interest Earnings		
88.07		
	Transfer from Revenue Account		7,022.23		
	Transfer from Reserve Account		13,111.25		
		Total Inflows:	$	8,914,743.88		

Outflows:					
Requisition Date	Requisition
Number	Contractor		
Amount	Status with Trustee As of 08/31/18	

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 August 31, 2018	$	7,012.55

* 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	$	19,598,570.41
Excess Funding Transferred from S2007 Custody Account	34,589.84
Due from Developer	4,205.00

Total Inflows:  $	19,637,365.25

Outflows:

Requisition	Requisition	Status with Trustee
Date	Number	Contractor	Amount	as of 08/31/18

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)	Cleared	
07/31/18	281	Erin McCormick Law		(3,395.00)	Cleared	
07/31/18	282	Onsight Signage & Visual Solutions		(2,118.60)	Cleared	
08/31/18	283	Ballenger & Company, Inc.		(4,205.00)	AP	
			Total Construction Requisitions:	(19,637,365.25)		
			
Total Outflows:	
(19,637,365.25)		

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

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

Balance Sheet

Trust statement activity has been recorded through 08/31/18.
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

Capital Projects Fund – Payment for Invoice #CP0818-1 totaling $4,205.00 was received in September 2018.