Waterset North Community Development District

Financial Statements (Unaudited)

January 31, 2019

Prepared by: Rizzetta & Company, Inc.

watersetnorthcdd.org rizzetta.com

Waterset North Community Development District
Balance Sheet As of 1/31/2019
(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	762,113		0		0		0		17,757		779,870		0		0	
Cash On Hand	0		0		0		0		300		300		0		0	
Investments	516,674		0		2,049,089		12,490		0		2,578,253		0		0	
Investments - Reserves	0		115,785		0		0		0		115,785		0		0	
Accounts Receivable	98,294		0		133,666		0		1,458		233,418		0		0	
Accounts Receivable - Other	0		0		0		0		0		0		0		0	
Prepaid Expenses	0		0		0		0		0		0		0		0	
Deposits	18,561		0		0		0		500		19,061		0		0	
Due From Other Funds	0		0		26,174		0		667		26,841		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		0		2,208,930	
Amount To Be Provided Debt Service	0		0		0		0		0		0		0		14,486,070	
Fixed Assets	0		0		0		0		0		0		55,779,572		0	
Total Assets	 	1,395,642 		 	115,785 		 	2,208,930 		 	12,490 		 	20,682 		 	3,753,528 		     55,779,572 		     16,695,000 	

Liabilities																
Accounts Payable	19,452		0		0		0		8,921		28,373		0		0	
Retainage Payable	0		0		0		0		0		0		0		0	
Accrued Expenses Payable	9,939		0		0		0		3,655		13,594		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	26,841		0		0		0		0		26,841		0		0	
Revenue Bonds Payable--Long Term	0		0		0		0		0		0		0		16,695,000	
Capital Lease Obligation	0		0		0		0		0		0		0		0	
Total Liabilities	56,232		0		0		0		12,575		68,807		0		16,695,000	

Fund Equity & Other Credits																
Beginning Fund Balance	357,023		62,953		1,845,881		6,247		7,835		2,279,938		55,779,572		0	
Net Change in Fund Balance	982,388		52,832		363,049		6,243		271		1,404,783		0		0	
Total Fund Equity & Other Credits	1,339,411		115,785		2,208,930		12,490		8,106		3,684,721		55,779,572		0	

Total Liabilities & Fund Equity	
 	1,395,642 		
 	115,785 		
 	2,208,930 		
 	12,490 		
 	20,682 		
 	3,753,528 		
     55,779,572 		
     16,695,000 	

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	516	516	0.00%	
Special Assessments						
Tax Roll	1,481,330	1,481,330	1,490,774	9,444	(0.63)%	
Off Roll	31,451	31,451	31,451	0	0.00%	
Contributions From Private Sources						
Developer Contributions	32,928	10,976	10,976	0	66.66%	
Other Miscellaneous Revenues						
Miscellaneous	0		0		664		664		0.00%	
Total Revenues	1,545,709		1,523,757		1,534,380		10,623		0.73%	

Expenditures
Legislative
Supervisor Fees	9,600	3,200	2,200	1,000	77.08%	
Financial & Administrative						
Administrative Services	4,800	1,600	1,600	0	66.66%	
District Management	24,180	8,060	8,060	0	66.66%	
District Engineer	2,364	788	0	788	100.00%	
Disclosure Report	6,000	6,000	6,000	0	0.00%	
Trustee Fees	7,000	5,421	5,421	(0)	22.55%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	5,000	1,667	1,667	0	66.66%	
Accounting Services	18,000	6,000	6,000	0	66.66%	
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	167	0	167	100.00%	
Dues, Licenses & Fees	525	175	532	(357)	(1.33)%	
Miscellaneous Fees	0	0	500	(500)	0.00%	
Website Hosting, Maintenance, Backup	2,100	700	700	0	66.66%	
Legal Counsel						
District Counsel	20,000	6,667	10,196	(3,530)	49.01%	
Security Operations						
Security Services and Patrols	70,000	23,333	18,833	4,501	73.09%	
Electric Utility Services						
Utility Services	10,000	3,333	4,353	(1,020)	56.46%	
Utility - Recreation Facilities	22,000	7,333	7,745	(412)	64.79%	
Street Lights	75,000	25,000	117	24,883	99.84%	

Gas Utility Services
Utility - Recreation Facilities	14,000	4,667	6,478	(1,811)	53.72% Garbage/Solid Waste Control
Services

Garbage - Recreation Facility	5,500	1,833	2,383	(549)	56.68%	
Water-Sewer Combination Services Utility Services	
8,000	
2,667	
2,202	
464	
72.47%	
Utility - Reclaimed	15,000	5,000	8,023	(3,023)	46.51%	
Stormwater Control						
Lake/Pond Bank Maintenance	5,000	1,667	1,097	570	78.06%	
Aquatic Maintenance	47,520	15,840	16,975	(1,135)	64.27%	
Wetland Monitoring & Maintenance	7,500	2,500	1,350	1,150	82.00%	
Wetland Maintenance	5,000	1,667	0	1,667	100.00%	
Aquatic Plant Enhancement	5,000	1,667	0	1,667	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	6,072	3,928	39.28%	
Entry & Walls Maintenance	1,000	333	0	333	100.00%	
Landscape Maintenance	700,000	233,333	212,926	20,407	69.58%	
Irrigation Repairs	15,000	5,000	2,471	2,529	83.52%	
Landscape Replacement Plants, Shrubs, Trees	35,000	11,667	18,843	(7,176)	46.16%	
Landscape Mulch	85,000	28,333	47,960	(19,627)	43.57%	
Field Operations	9,000	3,000	3,000	0	66.66%	
Fire Ant Treatment	3,200	1,067	0	1,067	100.00%	
Road & Street Facilities						
Sidewalk Repair & Maintenance	1,000	333	0	333	100.00%	
Street Sign Repair & Replacement	3,000	1,000	0	1,000	100.00%	
Parks & Recreation						
Management Contract	155,000	51,667	48,867	2,799	68.47%	
Vehicle Maintenance	1,500	500	80	420	94.65%	
Fitness Equipment Maintenance & Repairs	3,000	1,000	145	855	95.16%	
Pest Control	1,500	500	1,175	(675)	21.66%	
Pool Permits	1,000	0	0	0	100.00%	
Facility A/C & Heating Maintenance & Repair	4,000	1,333	1,585	(252)	60.36%	
Pool Service Contract	18,000	6,000	6,000	0	66.66%	

Pool Repairs	8,000	2,667	0	2,667	100.00%	
Maintenance & Repairs	10,000	3,333	4,228	(894)	57.72%	
Telephone, Fax, Internet	11,940	3,980	4,043	(63)	66.13%	
Clubhouse - Facility Janitorial Service	23,700	7,900	7,900	0	66.66%	
Clubhouse - Facility Janitorial Supplies	3,000	1,000	2	998	99.92%	
Window Cleaning	5,308	1,769	0	1,769	100.00%	
Computer Support, Maintenance & Repair	500	167	0	167	100.00%	
Security System Monitoring & Maintenance	3,500	1,167	975	192	72.15%	
Furniture Repair/Replacement	4,000	1,333	0	1,333	100.00%	
Clubhouse Miscellaneous Expense	3,000	1,000	2,870	(1,870)	4.33%	
Trail/Bike Path Maintenance	1,500	500	0	500	100.00%	
Playground Equipment & Maintenance	5,000	1,667	1,925	(258)	61.50%	
Access Control Maintenance & Repair	2,500	833	4,293	(3,460)	(71.71)%	
Athletic/Park Court/Field Repairs	1,500	500	0	500	100.00%	
Office Supplies	2,000	667	52	614	97.38%	
Facility Funding	106,474	35,491	35,491	0	66.66%	
Contingency						
Miscellaneous Contingency	9,626		3,209		0		3,209		100.00%	
Total Expenditures	1,672,080		590,173		551,992		38,181		66.99%	

Excess of Revenue Over (Under) Expenditures	
(126,371)		
933,584		
982,388		
48,804		
877.38%	

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		1,059,955		982,388		(77,567)		0.00%	

Fund Balance, Beginning of Period										
	0		0		357,023		357,023		0.00%	
Fund Balance, End of Period	 	0		 	1,059,955		 	1,339,411		 	279,456		 	0.00%	

Tax Roll	52,493		52,493		0		0.00%	
Total Revenues	52,493		52,832		339		0.65%	

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		
52,832		
52,832		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
52,832		
52,832		
0.00%	

Fund Balance, Beginning of Period								
	0		62,953		62,953		0.00%	
Fund Balance, End of Period	 	0		 	115,785		 	115,785		 	0.00%	

Tax Roll	490,598		493,618		3,020		0.61%	
Total Revenues	490,598		495,948		5,350		1.09%	

Expenditures								
Debt Service								
Interest	270,598		136,924		133,674		49.39%	
Principal	220,000		0		220,000		100.00%	
Total Expenditures	490,598		136,924		353,674		72.09%	

Excess of Revenue Over (Under) Expenditures	
0		
359,024		
359,024		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
359,024		
359,024		
0.00%	

Fund Balance, Beginning of Period								
	0		413,727		413,727		0.00%	
Fund Balance, End of Period	 	0		 	772,750		 	772,750		 	0.00%	

201 - Debt Service Fund S2014 From 10/1/2018 Through 1/31/2019 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		7,755		7,755		0.00%	
Special Assessments								
Tax Roll	678,010		682,183		4,173		0.61%	
Off Roll	26,601		26,601		0		0.00%	
Total Revenues	704,611		716,540		11,928		1.69%	

Expenditures								
Debt Service								
Interest	529,611		271,856		257,755		48.66%	
Principal	175,000		430,000		(255,000)		(145.71)%	
Total Expenditures	704,611		701,856		2,755		0.39%	

Excess of Revenue Over (Under) Expenditures	
0		
14,683		
14,683		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(10,658)		(10,658)		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		4,025		4,025		0.00%	

Fund Balance, Beginning of Period								
	0		1,432,154		1,432,154		0.00%	
Fund Balance, End of Period	 	0		 	1,436,179		 	1,436,179		 	0.00%	

301 - Capital Projects Fund S2014 From 10/1/2018 Through 1/31/2019 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings								
Interest Earnings	0		67		67		0.00%	
Total Revenues	0		67		67		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		4,482		(4,482)		0.00%	
Total Expenditures	0		4,482		(4,482)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
(4,415)		
(4,415)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		10,658		10,658		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		6,243		6,243		0.00%	

Fund Balance, Beginning of Period								
	0		6,247		6,247		0.00%	
Fund Balance, End of Period	 	0		 	12,490		 	12,490		 	0.00%	

400 - Enterprise Fund
From 10/1/2018 Through 1/31/2019
(In Whole Numbers)

Annual Budget

Percent Annual Budget
YTD Budget	YTD Actual	YTD Variance	Remaining

 	 	 	 	

Revenues
Other Miscellaneous Revenues
Food	80,376		26,792		27,990		1,198		65.17%	
Beverages	25,000		8,333		6,034		(2,299)		75.86%	
Alcoholic Beverages	16,000		5,333		2,620		(2,714)		83.62%	
Builder Relations	7,000		2,333		2,137		(197)		69.47%	
Facility Funding	106,474		35,491		35,491		0		66.66%	
Total Revenues	234,850		78,283		74,272		(4,012)		68.37%	

Expenditures
Financial & Administrative
Bank Fees	8,000	2,667	3,435	(769)	57.05%	
Dues, Licenses & Fees	500	250	277	(27)	44.60%	
Miscellaneous Fees	100	33	0	33	100.00%	
Parks & Recreation						
Management Contract	155,000		51,667		41,116		10,550		73.47%	
Cafe Marketing & Consulting	1,000		333		865		(532)		13.48%	
Maintenance & Repairs	2,500		833		528		305		78.88%	
Facility Supplies	12,000		4,000		4,054		(54)		66.22%	
Food	40,000		13,333		17,140		(3,807)		57.15%	
Beverage	15,000		5,000		6,117		(1,117)		59.21%	
Computer Support, Maintenance & Repair	250		83		400		(317)		(59.99)%	
Office Supplies	500		167		68		99		86.36%	
Total Expenditures	234,850		78,367		74,000		4,366		68.49%	

Excess of Revenue Over (Under) Expenditures	
0		
(83)		
271		
355		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(83)		
271		
355		
0.00%	

Fund Balance, Beginning of Period										
	0		0		7,835		7,835		0.00%	
Fund Balance, End of Period	 	0		 	(83)		 	8,106		 	8,190		 	0.00%	

Waterset North CDD Investment Summary January 31, 2019

Balance as of
Account	Investment	January 31, 2019

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

$	249,215

Hills Bank and Trust Company	Money Market	91
The Huntington National Bank	Money Market	245,107
United Bank	Money Market	22,260
Western Alliance Bank	Money Market	1
Total General Fund Investments      $	516,674 

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

$	106

United Bank	Money Market	115,675
Western Alliance Bank	Money Market	4
Total Reserve Fund Investments     $	115,785 
US Bank Series 2014 Revenue	First American Treasury Obligation Fund Class Z	$	605,386
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			4,251 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	469,112
Total Debt Service Fund Investments     $	2,049,089 
US Bank Series 2014 Acquisition & Construc First American Treasury Obligation Fund Class Z	$	12,490
Total Capital Project Fund Investments     $	12,490 

Invoice Date		Customer Name		Invoice Number		Current Balance	

10/1/2018		
Hillsborough County Tax Collector		
FY18-19		
88,032.87	
10/1/2018		NNP - Southbend II, LLC		435-19-01		7,862.80	
12/26/2018		Waterset Homeowners Association, Inc.		OMR1218-3		1,036.65	
1/1/2019		Waterset Central CDD		OMR1218-1		1,314.83	
1/31/2019		NNP - Southbend II, LLC		ARB307		46.65	
				
Total 001 - General Fund		
98,293.80	

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2018	Hillsborough County Tax Collector	FY18-19	44,947.56

Total 200 - Debt Service Fund S2017

44,947.56

Invoice Date		Customer Name		Invoice Number		Current Balance	

10/1/2018		
Hillsborough County Tax Collector		
FY18-19		
62,117.88	
10/1/2018		NNP - Southbend II, LLC		435-19-01		26,600.96	
				
Total 201 - Debt Service Fund S2014		
88,718.84	

Invoice Date		Customer Name		Invoice Number	Current Balance	

6/30/2018		
NNP - Southbend II, LLC		
Cafe0618-1	
434.41	
12/31/2018		NNP - Southbend II, LLC		Cafe1218-1	580.48	
1/31/2019		NNP - Southbend II, LLC		Cafe0119-1	442.79	
				
Total 400 - Enterprise Fund	
1,457.68	

Report Balance	233,417.88

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Staples Advantage		
9/28/2018		
3391260143		
Facility Supplies 09/18		
(16.06)	
Staples Advantage		9/28/2018		3391260144		Facility Supplies 09/18		(0.42)	
Staples Advantage		9/28/2018		3391260145		Facility Supplies 09/18		(5.32)	
Karl J. Koudelka		11/21/2018		3811112		(100) CA-Clam Prox & (2) Fargo Ribbon 11/18		358.33	
Landscape Maintenance Professionals, Inc.		12/28/2018		139664		Pest Control 12/18		1,492.00	
VSC Fire & Security, Inc.		1/16/2019		05-984142		Annual Extinguisher Inspection 01/19		220.00	
Castle Management, LLC		1/18/2019		PREIM01-18-19-199		Payroll - Period 12/29/18-01/11/19		4,443.47	
Hillsborough County BOCC		1/18/2019		0761919834 01/19		6651 Waterset Blvd 01/19		168.51	
Chris's Plumbing Service, Inc.		1/24/2019		212032		Service Call - Repair Men's Restroom 01/19		267.22	
G4S Secure Solutions Inc.		1/27/2019		10301915		Security Services 01/21/19-01/27/19		1,122.22	
Accurate Electronics, Inc		1/30/2019		87134		Repair (3) Pedestrian Walk Gate 01/19		1,557.40	
Landscape Maintenance Professionals, Inc.		1/31/2019		141111		Pest Control 01/19		1,500.00	
Hillsborough County BOCC		2/1/2019		0849701035 01/19		6213 Covington Garden Drive 01/19		80.29	
Hillsborough County BOCC		2/1/2019		2901278101 01/19		7024 Sail View Lane 01/19		258.58	
Hillsborough County BOCC		2/1/2019		4195480573 01/19		6500 Maiden Sea Drive 01/19		4.40	
Synergy FL		2/1/2019		102517		Security Monitoring - Fitness Center 01/19		54.95	
Tampa Electric Company		2/4/2019		Summary Bill 01/19		Summary Bill 01/19		4,068.37	
Hillsborough County BOCC		2/5/2019		9581654736 01/19		Summary Bill 01/19		1,614.65	
Florida Natives Nursery, Inc.		2/7/2019		15985		Bi-Monthly Mitigation Maintenance 01/19		675.00	
CIMA Energy Solutions, LLC		2/8/2019		27819090		Gas Sales 01/19		1,588.45	
						
Total 001 - General Fund		
19,452.04	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Sysco West Coast Florida, Inc.		
1/8/2019		
WC 237283249		
Cafe Food/Beverages/Supplies 01/19		
340.50	
Sysco West Coast Florida, Inc.		1/11/2019		WC 237288738		Cafe Food/Beverages/Supplies 01/19		681.40	
Sysco West Coast Florida, Inc.		1/15/2019		WC 237295544		Cafe Food/Beverages/Supplies 01/19		856.47	
Castle Management, LLC		1/18/2019		PREIM01-18-19-199		Payroll - Period 12/29/18-01/11/19		3,225.43	
Nu Vista Foods Group, Inc.		1/22/2019		WC 01221960		Cafe Food/Beverages/Supplies 01/19		1,001.78	
Sysco West Coast Florida, Inc.		1/23/2019		WC 237310704		Cafe Food/Beverages/Supplies 01/19		265.14	
Sysco West Coast Florida, Inc.		1/25/2019		WC 237314247		Cafe Food/Beverages/Supplies 01/19		1,073.21	
Chris's Plumbing Service, Inc.		1/26/2019		214245		Service Call - Grease Trap/Outlet Line Clogged 01/19		453.00	
Florida Department of Revenue		1/31/2019		39-8015954075-8 01/19		Sales Tax Payable 01/19		1,023.58	
						
Total 400 - Enterprise Fund		
8,920.51	

Report Total								
28,372.55	

Inflows:	Debt Proceeds	$	8,681,222.33		
	Underwriters Discount	213,300.00		
	Total Bond Proceeds:	8,894,522.33		
	
Interest Earnings	
165.25		
	Transfer from Revenue Account	12,726.82		
	Transfer from Reserve Account	19,163.37		
	Total Inflows:	$	8,926,577.77		

Outflows:				
Requisition Date	Requisition
Number	Contractor	
Amount	Status with Trustee As of 01/31/19	

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	
11/30/18	288	Erin McCormick Law	(3,115.00)	Cleared	
11/30/18	289	Scarola & Associates Engineering	(1,366.69)	Cleared	
Total Requisitions:	(8,404,479.15)		

Total Outflows:	
(8,914,088.02)		

Construction Account Balance at January 31, 2019	
$	12,489.75		

* 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
January 31, 2019

Balance Sheet

Trust statement activity has been recorded through 01/31/19.
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 $14,575.34 was received in February 2019.
General Fund – Payment for Invoice #OMR1218-1 totaling $1,314.83 was received in February 2019.
General Fund – Payment for Invoice #ARB307 totaling $46.65 was received in February 2019.
Debt Service Fund 200 – Payment for Invoice #FY18-19 totaling $7,441.83 was received in February 2019.
Debt Service Fund 201 – Payment for Invoice #FY18-19 totaling $10,284.67 was received in February 2019.
Enterprise Fund 400 – Payment for Invoice #Cafe1218-1 totaling $580.48 was received in February 2019.