Waterset North Community Development District

Financial Statements (Unaudited)

October 31, 2018

Prepared by: Rizzetta & Company, Inc.

watersetnorthcdd.org rizzetta.com

Waterset North Community Development District
Balance Sheet As of 10/31/2018 (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	159,714		0		0		0		22,936		182,651		0		0	
Cash On Hand	0		0		0		0		150		150		0		0	
Investments	81,770		0		1,847,462		7,366		0		1,936,598		0		0	
Investments - Reserves	0		63,015		0		0		0		63,015		0		0	
Accounts Receivable	1,483,498		52,493		1,168,608		0		434		2,705,033		0		0	
Accounts Receivable - Other	967		0		0		0		0		967		0		0	
Prepaid Expenses	0		0		0		0		0		0		0		0	
Deposits	18,521		0		0		0		500		19,021		0		0	
Due From Other Funds	0		0		6,939		0		118		7,057		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		0		3,023,010	
Amount To Be Provided Debt Service	0		0		0		0		0		0		0		14,101,990	
Fixed Assets	0		0		0		0		0		0		55,775,091		0	
Total Assets	 	1,744,470		 	115,508		 	3,023,010		 	7,366		 	24,139		 	4,914,492		     55,775,091		     17,125,000	

Liabilities																
Accounts Payable	55,997		0		0		0		15,123		71,120		0		0	
Retainage Payable	0		0		0		0		0		0		0		0	
Accrued Expenses Payable	2,029		0		0		0		0		2,029		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	7,057		0		0		0		0		7,057		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	65,084		0		0		0		15,123		80,207		0		17,125,000	

Fund Equity & Other Credits																
Beginning Fund Balance	357,023		62,953		1,845,881		6,247		7,835		2,279,938		55,775,091		0	
Net Change in Fund Balance	1,322,364		52,555		1,177,129		1,119		1,180		2,554,346		0		0	
Total Fund Equity & Other Credits	1,679,386		115,508		3,023,010		7,366		9,015		4,834,285		55,775,091		0	

Total Liabilities & Fund Equity	
 	1,744,470		
 	115,508		
 	3,023,010		
 	7,366		
 	24,139		
 	4,914,492		
     55,775,091		
     17,125,000	

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	119	119	0.00%	
Special Assessments						
Tax Roll	1,481,330	1,481,330	1,490,441	9,111	(0.61)%	
Off Roll	31,451	31,451	0	(31,451)	100.00%	
Contributions From Private Sources

Developer Contributions	32,928		2,744		2,744		0		91.66%	
Total Revenues	1,545,709		1,515,525		1,493,304		(22,221)		3.39%	

Expenditures
Legislative
Supervisor Fees	9,600	800	200	600	97.91%	
Financial & Administrative						
Administrative Services	4,800	400	400	0	91.66%	
District Management	24,180	2,015	2,015	0	91.66%	
District Engineer	2,364	197	0	197	100.00%	
Disclosure Report	6,000	0	0	0	100.00%	
Trustee Fees	7,000	5,421	5,421	(0)	22.55%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	5,000	417	417	0	91.66%	
Accounting Services	18,000	1,500	1,500	0	91.66%	
Auditing Services	3,270	0	0	0	100.00%	
Arbitrage Rebate Calculation	1,000	500	500	0	50.00%	
Public Officials Liability Insurance	2,750	2,750	2,500	250	9.09%	
Legal Advertising	500	42	0	42	100.00%	
Dues, Licenses & Fees	525	175	175	0	66.66%	
Miscellaneous Fees	0	0	500	(500)	0.00%	
Website Hosting, Maintenance, Backup	2,100	175	175	0	91.66%	
Legal Counsel						
District Counsel	20,000	1,667	2,971	(1,304)	85.14%	
Security Operations						
Security Services and Patrols	70,000	5,833	3,743	2,091	94.65%	
Electric Utility Services						
Utility Services	10,000	833	720	114	92.80%	
Utility - Recreation Facilities	22,000	1,833	2,083	(250)	90.53%	
Street Lights	75,000	6,250	0	6,250	100.00%	

Gas Utility Services						
Utility - Recreation Facilities	14,000	1,167	306	861	97.81%	
Garbage/Solid Waste Control Services						
Garbage - Recreation Facility	5,500	458	593	(135)	89.21%	
Water-Sewer Combination Services						
Utility Services	8,000	667	535	131	93.30%	
Utility - Reclaimed	15,000	1,250	1,744	(494)	88.37%	
Stormwater Control						
Lake/Pond Bank Maintenance	5,000	417	1,097	(680)	78.06%	
Aquatic Maintenance	47,520	3,960	5,095	(1,135)	89.27%	
Wetland Monitoring & Maintenance	7,500	625	0	625	100.00%	
Wetland Maintenance	5,000	417	0	417	100.00%	
Aquatic Plant Enhancement	5,000	417	0	417	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	3,036	3,036	0	69.64%	
Entry & Walls Maintenance	1,000	83	0	83	100.00%	
Landscape Maintenance	700,000	58,333	62,770	(4,437)	91.03%	
Irrigation Repairs	15,000	1,250	1,701	(451)	88.66%	
Landscape Replacement Plants, Shrubs, Trees	35,000	2,917	16,476	(13,559)	52.92%	
Landscape Mulch	85,000	7,083	0	7,083	100.00%	
Field Operations	9,000	750	750	0	91.66%	
Fire Ant Treatment	3,200	267	0	267	100.00%	
Road & Street Facilities						
Sidewalk Repair & Maintenance	1,000	83	0	83	100.00%	
Street Sign Repair & Replacement	3,000	250	0	250	100.00%	
Parks & Recreation						
Management Contract	155,000	12,917	9,997	2,920	93.55%	
Vehicle Maintenance	1,500	125	0	125	100.00%	
Fitness Equipment Maintenance & Repairs	3,000	250	0	250	100.00%	
Pest Control	1,500	125	125	0	91.66%	
Pool Permits	1,000	0	0	0	100.00%	
Facility A/C & Heating Maintenance & Repair	4,000	333	560	(227)	85.99%	

Pool Service Contract	18,000	1,500	1,500	0	91.66%	
Pool Repairs	8,000	667	0	667	100.00%	
Maintenance & Repairs	10,000	833	552	281	94.47%	
Telephone, Fax, Internet	11,940	995	1,009	(14)	91.55%	
Clubhouse - Facility Janitorial Service	23,700	1,975	1,975	0	91.66%	
Clubhouse - Facility Janitorial Supplies	3,000	250	3	247	99.90%	
Window Cleaning	5,308	442	0	442	100.00%	
Computer Support, Maintenance & Repair	500	42	0	42	100.00%	
Security System Monitoring & Maintenance	3,500	292	109	182	96.87%	
Furniture Repair/Replacement	4,000	333	0	333	100.00%	
Clubhouse Miscellaneous Expense	3,000	250	1,204	(954)	59.87%	
Trail/Bike Path Maintenance	1,500	125	0	125	100.00%	
Playground Equipment & Maintenance	5,000	417	1,925	(1,508)	61.50%	
Access Control Maintenance & Repair	2,500	208	0	208	100.00%	
Athletic/Park Court/Field Repairs	1,500	125	0	125	100.00%	
Office Supplies	2,000	167	28	139	98.59%	
Facility Funding	106,474	8,873	8,873	0	91.66%	
Contingency						
Miscellaneous Contingency	9,626		802		0		802		100.00%	
Total Expenditures	1,672,080		174,006		170,940		3,066		89.78%	

Excess of Revenue Over (Under) Expenditures	
(126,371)		
1,341,519		
1,322,364		
(19,155)		
1,146.41%	

Other Financing Sources (Uses)										
Carry Forward Fund Balance	126,371		126,371		0		(126,371)		100.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		1,467,890		1,322,364		(145,526)		0.00%	

Fund Balance, Beginning of Period										
	0		0		357,023		357,023		0.00%	
Fund Balance, End of Period	 	0		 	1,467,890		 	1,679,386		 	211,496		 	0.00%	

Tax Roll	52,493		52,493		0		0.00%	
Total Revenues	52,493		52,555		62		0.12%	

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		
52,555		
52,555		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
52,555		
52,555		
0.00%	

Fund Balance, Beginning of Period								
	0		62,953		62,953		0.00%	
Fund Balance, End of Period	 	0		 	115,508		 	115,508		 	0.00%	

Tax Roll	490,598		493,511		2,913		0.59%	
Total Revenues	490,598		494,045		3,447		0.70%	

Expenditures								
Debt Service								
Interest	270,598		0		270,598		100.00%	
Principal	220,000		0		220,000		100.00%	
Total Expenditures	490,598		0		490,598		100.00%	

Excess of Revenue Over (Under) Expenditures	
0		
494,045		
494,045		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
494,045		
494,045		
0.00%	

Fund Balance, Beginning of Period								
	0		413,727		413,727		0.00%	
Fund Balance, End of Period	 	0		 	907,772		 	907,772		 	0.00%	

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

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		2,154		2,154		0.00%	
Special Assessments								
Tax Roll	678,010		682,036		4,026		0.59%	
Off Roll	26,601		0		(26,601)		(100.00)%	
Total Revenues	704,611		684,190		(20,421)		(2.90)%	

Expenditures								
Debt Service								
Interest	529,611		0		529,611		100.00%	
Principal	175,000		0		175,000		100.00%	
Total Expenditures	704,611		0		704,611		100.00%	

Excess of Revenue Over (Under) Expenditures	
0		
684,190		
684,190		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(1,106)		(1,106)		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		683,084		683,084		0.00%	

Fund Balance, Beginning of Period								
	0		1,432,154		1,432,154		0.00%	
Fund Balance, End of Period	 	0		 	2,115,237		 	2,115,237		 	0.00%	

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

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		12		12		0.00%	
Total Revenues	0		12		12		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
12		
12		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		1,106		1,106		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		1,119		1,119		0.00%	

Fund Balance, Beginning of Period								
	0		6,247		6,247		0.00%	
Fund Balance, End of Period	 	0		 	7,366		 	7,366		 	0.00%	

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

Annual Budget

Percent Annual Budget
YTD Budget	YTD Actual	YTD Variance	Remaining

 	 	 	 	

Revenues
Other Miscellaneous Revenues
Food	80,376		6,698		6,658		(40)		91.71%	
Beverages	25,000		2,083		1,817		(267)		92.73%	
Alcoholic Beverages	16,000		1,333		884		(449)		94.47%	
Builder Relations	7,000		583		0		(583)		100.00%	
Facility Funding	106,474		8,873		8,873		0		91.66%	
Total Revenues	234,850		19,571		18,232		(1,338)		92.24%	

Expenditures
Financial & Administrative
Bank Fees	8,000	667	1,016	(349)	87.30%	
Dues, Licenses & Fees	500	0	0	0	100.00%	
Miscellaneous Fees	100	8	40	(32)	60.00%	
Parks & Recreation						
Management Contract	155,000		12,917		7,834		5,083		94.94%	
Cafe Marketing & Consulting	1,000		83		256		(173)		74.35%	
Maintenance & Repairs	2,500		208		75		133		97.00%	
Facility Supplies	12,000		1,000		1,192		(192)		90.06%	
Food	40,000		3,333		4,839		(1,505)		87.90%	
Beverage	15,000		1,250		1,801		(551)		87.99%	
Computer Support, Maintenance & Repair	250		21		0		21		100.00%	
Office Supplies	500		42		0		42		100.00%	
Total Expenditures	234,850		19,529		17,052		2,477		92.74%	

Excess of Revenue Over (Under) Expenditures	
0		
42		
1,180		
1,139		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
42		
1,180		
1,139		
0.00%	

Fund Balance, Beginning of Period										
	0		0		7,835		7,835		0.00%	
Fund Balance, End of Period	 	0		 	42		 	9,015		 	8,974		 	0.00%	

Waterset North CDD Investment Summary October 31, 2018

Balance as of
Account	Investment	October 31, 2018

Business Money Market	$	6,137	
Money Market		75,633	

The Bank of Tampa
The Bank of Tampa ICS Program:
The Huntington National Bank

Total General Fund Investments      $	81,770 

The Bank of Tampa ICS Program:
The Huntington National Bank	Money Market

$	63,015

Total Reserve Fund Investments     $	63,015 

US Bank Series 2014 Revenue	First American Treasury Obligation Fund Class Z	$	451,777	
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		258,787	
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		166,558	

Total Debt Service Fund Investments     $	1,847,462 

US Bank Series 2014 Acquisition & Construc First American Treasury Obligation Fund Class Z	$	7,366

Total Capital Project Fund Investments     $	7,366 

Invoice Date		Customer Name		Invoice Number		Current Balance	

9/30/2018		
Waterset Homeowners Association, Inc.		
OMR0918-3		
1,508.24	
10/1/2018		Hillsborough County Tax Collector		FY18-19		1,481,332.81	
10/31/2018		Waterset Central CDD		OMR1018-1		656.66	
				
Total 001 - General Fund		
1,483,497.71	

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2018	Hillsborough County Tax Collector	FY18-19	52,493.00

Total 005 - Reserve Fund

52,493.00

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2018	Hillsborough County Tax Collector	FY18-19	490,598.09

Total 200 - Debt Service Fund S2017

490,598.09

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2018	Hillsborough County Tax Collector	FY18-19	678,010.13

Total 201 - Debt Service Fund S2014

678,010.13

Invoice Date	Customer Name	Invoice Number	Current Balance

6/30/2018	NNP - Southbend II, LLC	Cafe0618-1	434.41

Total 400 - Enterprise Fund

434.41

Report Balance	2,705,033.34

Vendor Name	Invoice Date	Invoice Number	Invoice Description	Current Balance

Department of	10/1/2018	72637	Special District Fee FY 2018-2019	175.00	
Economic Opportunity					
Landscape Maintenance Professionals, Inc.	10/8/2018	137492	Lakeside Amenity Playground Mulch 10/18	770.00	
Castle Management, LLC	10/16/2018	PREIM10-12-18-197	Payroll - Period 09/22/18-10/05/18	5,475.69	
Hillsborough County BOCC	10/17/2018	0761919834 10/18	6651 Waterset Blvd 10/18	119.96	
Payne Air Conditioning and Heating, Inc.	10/17/2018	625975	A/C Repair Parts & Service 10/18	400.37	
Landscape Maintenance Professionals, Inc.	10/19/2018	137754	Irrigation Repairs 10/18	340.78	
G4S Secure Solutions Inc.	10/21/2018	10133984	Security Services 10/15/18-10/21/18	1,116.08	
Aquatic Systems, Inc.	10/22/2018	0000425703	Midge Fly Treatments (3) - Sites 4 & 40 10/18	1,135.00	
Landscape Maintenance Professionals, Inc.	10/24/2018	137847	Irrigation Repairs 10/18	178.50	
US Bank	10/25/2018	5159327	Trustee Fees Series 2014 10/01/18 - 09/30/19	3,850.00	
Landscape Maintenance Professionals, Inc.	10/26/2018	138221	Irrigation Repairs 10/18	90.00	
Landscape Maintenance Professionals, Inc.	10/27/2018	138226	Irrigation Repairs 10/18	33.00	
G4S Secure Solutions Inc.	10/28/2018	10144745	Security Services 10/22/18-10/28/18	1,116.08	
Landscape Maintenance Professionals, Inc.	10/31/2018	138281	Inspections-Remove & Replace Various Trees 10/18	8,744.50	
Landscape Maintenance Professionals, Inc.	10/31/2018	138463	Fertilize St Augustine, Bermuda, Palm 10/18	15,877.00	
Landscape Maintenance Professionals, Inc.	10/31/2018	138464	Pest Control 10/18	1,500.00	
Aquatic Systems, Inc.	10/31/2018	0000428448	Bream Fish Stocking Site 4 & 40 10/18	1,097.00	
Castle Management, LLC	10/31/2018	INS-1018-170	Insurance Reimbursement 10/18	395.00	
Castle Management, LLC	11/1/2018	PREIM10-26-18-199	Payroll - Period 10/06/18-10/19/18	5,344.71	
Erin McCormick Law, P.A.	11/1/2018	10267	Legal Services 10/18	2,970.75	
Hillsborough County BOCC	11/1/2018	0849701035 10/18	6213 Covington Garden Drive 10/18	432.17	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Hillsborough County BOCC		
11/1/2018		
2901278101 10/18		
7024 Sail View Lane 10/18		
290.18	
Hillsborough County BOCC		11/1/2018		4195480573 10/18		6500 Maiden Sea Drive 10/18		4.32	
Hillsborough County BOCC		11/1/2018		9581654736 10/18		Summary Bill 10/18		1,432.86	
Tampa Electric Company		11/2/2018		Summary Bill 10/18		Summary Bill 10/18		2,944.53	
CIMA Energy Solutions, LLC		11/5/2018		49429732		Gas Sales 10/18		163.33	
						
Total 001 - General Fund		
55,996.81	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Nu Vista Foods Group, Inc.		
8/6/2018		
WC 137834341 CR		
Cafe Food/Beverages/Supplies 10/18		
(28.90)	
Sysco West Coast Florida, Inc.		10/5/2018		WC 237115952		Cafe Food/Beverages/Supplies 10/18		697.86	
Nu Vista Foods Group, Inc.		10/8/2018		WC 10081845		Cafe Food/Beverages/Supplies 10/18		403.93	
Sysco West Coast Florida, Inc.		10/11/2018		WC 237124846		Supplies 10/18		504.02	
Chris's Plumbing Service, Inc.		10/15/2018		209977		Backflow Test 10/18		75.00	
Castle Management, LLC		10/16/2018		PREIM10-12-18-197		Payroll - Period 09/22/18-10/05/18		5,128.38	
Culligan Water Conditioning		10/24/2018		WC 1483822		Cafe Beverages 10/18		55.00	
Sysco West Coast Florida, Inc.		10/24/2018		WC 237147990		Cafe Food/Beverages/Supplies 10/18		753.07	
Sysco West Coast Florida, Inc.		10/26/2018		WC 237151375		Cafe Food/Beverages/Supplies 10/18		601.22	
Florida Department of Revenue		10/31/2018		39-8015954075-8 10/18		Sales Tax Payable 10/18		967.40	
Nu Vista Foods Group, Inc.		10/31/2018		WC 10311812		Cafe Food/Beverages/Supplies 10/18		761.23	
Castle Management, LLC		10/31/2018		INS-1018-170		Insurance Reimbursement 10/18		395.00	
Castle Management, LLC		11/1/2018		PREIM10-26-18-199		Payroll - Period 10/06/18-10/19/18		4,810.22	
						
Total 400 - Enterprise Fund		
15,123.43	

Report Total								
71,120.24	

Inflows:	Developer Contribution	$	19,602,775.41	
	Excess Funding Transferred from S2007 Custody Account	37,956.74	
	Total Inflows:	$	19,640,732.15	

Outflows:

Requisition
Date	Requisition
Number	
Contractor	
Amount	Status with Trustee
as of 10/31/18	

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)	Cleared	
09/30/18	283	Ballenger & Company, Inc.-Refund	227.50	Cleared	
09/30/18	284	Erin McCormick Law	(245.00)	Cleared	
09/30/18	285	Onsight Signage & Visual Solutions	(3,349.40)	Cleared	
		Total Construction Requisitions:	(19,640,732.15)		
		
Total Outflows:	
(19,640,732.15)		

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

Inflows:	Debt Proceeds	$	8,681,222.33		
	Underwriters Discount	213,300.00		
	Total Bond Proceeds:	8,894,522.33		
	
Interest Earnings	
110.89		
	Transfer from Revenue Account	7,022.23		
	Transfer from Reserve Account	15,316.41		
	Total Inflows:	$	8,916,971.86		

Outflows:				
Requisition Date	Requisition
Number	Contractor	
Amount	Status with Trustee As of 10/31/18	

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	
09/30/18	286	Ballenger & Company, Inc.	(1,770.00)	Cleared	
09/30/18	287	Erin McCormick Law	(105.00)	Cleared	
Total Requisitions:	(8,399,997.46)		

Total Outflows:	
(8,909,606.33)		

Construction Account Balance at October 31, 2018	
$	7,365.53		

* 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.

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

Balance Sheet

Trust statement activity has been recorded through 10/31/18.
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 FY18-19 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 #FY18-19 totaling $49,642.61 was received in November 2018.
Debt Service Fund 200 – Payment for Invoice #FY18-19 totaling $15,878.31 was received in November 2018.
Debt Service Fund 201 – Payment for Invoice #FY18-19 totaling $21,943.95 was received in November 2018.