Waterset North Community Development District

Financial Statements (Unaudited)

March 31, 2019

Prepared by: Rizzetta & Company, Inc.

watersetnorthcdd.org rizzetta.com

Waterset North Community Development District
Balance Sheet As of 3/31/2019
(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	119,183		0		0		0		20,865		140,048		0		0	
Cash On Hand	0		0		0		0		300		300		0		0	
Investments	908,317		0		2,124,196		7,403		0		3,039,916		0		0	
Investments - Reserves	0		116,132		0		0		0		116,132		0		0	
Accounts Receivable	83,027		0		89,362		0		2,516		174,905		0		0	
Accounts Receivable - Other	1,030		0		0		0		0		1,030		0		0	
Prepaid Expenses	0		0		0		0		0		0		0		0	
Deposits	18,681		0		0		0		500		19,181		0		0	
Due From Other Funds	0		0		0		0		247		247		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		0		2,213,559	
Amount To Be Provided Debt Service	0		0		0		0		0		0		0		14,481,441	
Fixed Assets	0		0		0		0		0		0		55,787,373		0	
Total Assets	 	1,130,238		 	116,132		 	2,213,559		 	7,403		 	24,428		 	3,491,759		     55,787,373		     16,695,000	

Liabilities																
Accounts Payable	25,716		0		0		0		11,723		37,439		0		0	
Retainage Payable	0		0		0		0		0		0		0		0	
Accrued Expenses Payable	12,030		0		0		0		3,000		15,030		0		0	
Other Current Liabilities	0		0		0		0		1,281		1,281		0		0	
Deposits	0		0		0		0		0		0		0		0	
Due To Other Funds	247		0		0		0		0		247		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	37,993		0		0		0		16,005		53,998		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		55,787,373		0	
Net Change in Fund Balance	735,222		53,179		367,678		1,156		588		1,157,824		0		0	
Total Fund Equity & Other Credits	1,092,245		116,132		2,213,559		7,403		8,423		3,437,762		55,787,373		0	

Total Liabilities & Fund Equity	
 	1,130,238		
 	116,132		
 	2,213,559		
 	7,403		
 	24,428		
 	3,491,759		
     55,787,373		
     16,695,000	

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	2,158	2,158	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	16,464	16,464	0	50.00%	
Other Miscellaneous Revenues						
Miscellaneous	0		0		852		852		0.00%	
Total Revenues	1,545,709		1,529,245		1,541,699		12,454		0.26%	

Expenditures
Legislative
Supervisor Fees	9,600	4,800	3,600	1,200	62.50%	
Financial & Administrative						
Administrative Services	4,800	2,400	2,400	0	50.00%	
District Management	24,180	12,090	12,090	0	50.00%	
District Engineer	2,364	1,182	0	1,182	100.00%	
Disclosure Report	6,000	6,000	6,000	0	0.00%	
Trustee Fees	7,000	7,000	5,421	1,579	22.55%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	5,000	2,500	2,500	0	49.99%	
Accounting Services	18,000	9,000	9,000	0	50.00%	
Auditing Services	3,270	0	3,270	(3,270)	0.00%	
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	250	0	250	100.00%	
Dues, Licenses & Fees	525	175	911	(736)	(73.52)%	
Miscellaneous Fees	0	0	500	(500)	0.00%	
Website Hosting, Maintenance, Backup	2,100	1,050	1,050	0	50.00%	
Legal Counsel						
District Counsel	20,000	10,000	14,564	(4,564)	27.18%	
Security Operations						
Security Services and Patrols	70,000	35,000	26,371	8,629	62.32%	
Electric Utility Services						
Utility Services	10,000	5,000	5,991	(991)	40.08%	
Utility - Recreation Facilities	22,000	11,000	11,204	(204)	49.07%	
Street Lights	75,000	37,500	117	37,383	99.84%	

Gas Utility Services
Utility - Recreation Facilities	14,000	7,000	8,829	(1,829)	36.93% Garbage/Solid Waste Control
Services

Garbage - Recreation Facility	5,500	2,750	3,720	(970)	32.36%	
Water-Sewer Combination Services Utility Services	
8,000	
4,000	
3,296	
704	
58.79%	
Utility - Reclaimed	15,000	7,500	10,178	(2,678)	32.14%	
Stormwater Control						
Lake/Pond Bank Maintenance	5,000	2,500	1,097	1,403	78.06%	
Aquatic Maintenance	47,520	23,760	24,895	(1,135)	47.61%	
Wetland Monitoring & Maintenance	7,500	3,750	2,025	1,725	73.00%	
Wetland Maintenance	5,000	2,500	0	2,500	100.00%	
Aquatic Plant Enhancement	5,000	2,500	0	2,500	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	500	295	205	70.50%	
Landscape Maintenance	700,000	350,000	326,532	23,468	53.35%	
Irrigation Repairs	15,000	7,500	5,652	1,848	62.31%	
Landscape Replacement Plants, Shrubs, Trees	35,000	17,500	19,918	(2,417)	43.09%	
Landscape Mulch	85,000	42,500	60,280	(17,780)	29.08%	
Field Operations	9,000	4,500	4,500	0	50.00%	
Fire Ant Treatment	3,200	1,600	0	1,600	100.00%	
Road & Street Facilities						
Sidewalk Repair & Maintenance	1,000	500	0	500	100.00%	
Street Sign Repair & Replacement	3,000	1,500	0	1,500	100.00%	
Parks & Recreation						
Management Contract	155,000	77,500	79,641	(2,141)	48.61%	
Vehicle Maintenance	1,500	750	80	670	94.65%	
Fitness Equipment Maintenance & Repairs	3,000	1,500	145	1,355	95.16%	
Pest Control	1,500	750	1,614	(864)	(7.60)%	
Pool Permits	1,000	0	0	0	100.00%	
Facility A/C & Heating Maintenance & Repair	4,000	2,000	1,585	415	60.36%	
Pool Service Contract	18,000	9,000	9,000	0	50.00%	

Pool Repairs	8,000	4,000	2,582	1,418	67.72%	
Maintenance & Repairs	10,000	5,000	12,156	(7,156)	(21.55)%	
Telephone, Fax, Internet	11,940	5,970	6,083	(113)	49.05%	
Clubhouse - Facility Janitorial Service	23,700	11,850	11,850	0	50.00%	
Clubhouse - Facility Janitorial Supplies	3,000	1,500	712	788	76.28%	
Window Cleaning	5,308	2,654	1,622	1,032	69.44%	
Computer Support, Maintenance & Repair	500	250	0	250	100.00%	
Security System Monitoring & Maintenance	3,500	1,750	1,194	556	65.87%	
Furniture Repair/Replacement	4,000	2,000	0	2,000	100.00%	
Clubhouse Miscellaneous Expense	3,000	1,500	3,320	(1,820)	(10.66)%	
Trail/Bike Path Maintenance	1,500	750	0	750	100.00%	
Playground Equipment & Maintenance	5,000	2,500	1,925	575	61.50%	
Access Control Maintenance & Repair	2,500	1,250	8,716	(7,466)	(248.64)%	
Athletic/Park Court/Field Repairs	1,500	750	0	750	100.00%	
Office Supplies	2,000	1,000	79	921	96.06%	
Facility Funding	106,474	53,237	53,237	0	50.00%	
Contingency						
Miscellaneous Contingency	9,626		4,813		0		4,813		100.00%	
Total Expenditures	1,672,080		860,554		806,477		54,077		51.77%	

Excess of Revenue Over (Under) Expenditures	
(126,371)		
668,691		
735,222		
66,531		
681.79%	

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		795,062		735,222		(59,840)		0.00%	

Fund Balance, Beginning of Period										
	0		0		357,023		357,023		0.00%	
Fund Balance, End of Period	 	0		 	795,062		 	1,092,245		 	297,183		 	0.00%	

Tax Roll	52,493		52,493		0		0.00%	
Total Revenues	52,493		53,179		686		1.31%	

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		
53,179		
53,179		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
53,179		
53,179		
0.00%	

Fund Balance, Beginning of Period								
	0		62,953		62,953		0.00%	
Fund Balance, End of Period	 	0		 	116,132		 	116,132		 	0.00%	

Tax Roll	490,598		493,618		3,020		0.61%	
Total Revenues	490,598		498,304		7,706		1.57%	

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		
361,379		
361,379		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
361,379		
361,379		
0.00%	

Fund Balance, Beginning of Period								
	0		413,727		413,727		0.00%	
Fund Balance, End of Period	 	0		 	775,106		 	775,106		 	0.00%	

201 - Debt Service Fund S2014 From 10/1/2018 Through 3/31/2019 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		12,695		12,695		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		721,479		16,868		2.39%	

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		
19,623		
19,623		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(13,324)		(13,324)		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		6,299		6,299		0.00%	

Fund Balance, Beginning of Period								
	0		1,432,154		1,432,154		0.00%	
Fund Balance, End of Period	 	0		 	1,438,452		 	1,438,452		 	0.00%	

301 - Capital Projects Fund S2014 From 10/1/2018 Through 3/31/2019 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings								
Interest Earnings	0		115		115		0.00%	
Total Revenues	0		115		115		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		12,283		(12,283)		0.00%	
Total Expenditures	0		12,283		(12,283)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
(12,168)		
(12,168)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		13,324		13,324		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		1,156		1,156		0.00%	

Fund Balance, Beginning of Period								
	0		6,247		6,247		0.00%	
Fund Balance, End of Period	 	0		 	7,403		 	7,403		 	0.00%	

400 - Enterprise Fund
From 10/1/2018 Through 3/31/2019
(In Whole Numbers)

Annual Budget

Percent Annual Budget
YTD Budget	YTD Actual	YTD Variance	Remaining

 	 	 	 	

Revenues
Other Miscellaneous Revenues
Food	80,376		40,188		46,616		6,428		42.00%	
Beverages	25,000		12,500		9,642		(2,858)		61.43%	
Alcoholic Beverages	16,000		8,000		4,627		(3,373)		71.08%	
Builder Relations	7,000		3,500		4,456		956		36.34%	
Facility Funding	106,474		53,237		53,237		0		50.00%	
Total Revenues	234,850		117,425		118,578		1,153		49.51%	

Expenditures
Financial & Administrative
Bank Fees	8,000	4,000	5,145	(1,145)	35.69%	
Dues, Licenses & Fees	500	250	277	(27)	44.60%	
Miscellaneous Fees	100	50	0	50	100.00%	
Parks & Recreation						
Management Contract	155,000		77,500		66,974		10,526		56.79%	
Cafe Marketing & Consulting	1,000		500		1,065		(565)		(6.51)%	
Maintenance & Repairs	2,500		1,250		1,100		150		56.00%	
Facility Supplies	12,000		6,000		6,462		(462)		46.14%	
Food	40,000		20,000		26,457		(6,457)		33.85%	
Beverage	15,000		7,500		9,924		(2,424)		33.83%	
Computer Support, Maintenance & Repair	250		125		503		(378)		(101.21)%	
Office Supplies	500		250		81		169		83.73%	
Total Expenditures	234,850		117,425		117,990		(565)		49.76%	

Excess of Revenue Over (Under) Expenditures	
0		
(0)		
588		
588		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(0)		
588		
588		
0.00%	

Fund Balance, Beginning of Period										
	0		0		7,835		7,835		0.00%	
Fund Balance, End of Period	 	0		 	(0)		 	8,423		 	8,423		 	0.00%	

Waterset North CDD Investment Summary March 31, 2019

Balance as of
Account	Investment	March 31, 2019

The Bank of Tampa	Business Money Market	$	248,332	
The Bank of Tampa ICS Program:				
First National Bank of Omaha	Money Market		129,285	
The Huntington National Bank	Money Market		245,266	
United Bank	Money Market		245,416	
Wintrust Bank	Money Market		40,018	

Total General Fund Investments      $	908,317 

The Bank of Tampa ICS Program:
First National Bank of Omaha	Money Market

$	116,132

Total Reserve Fund Investments     $	116,132 

US Bank Series 2014 Revenue	First American Treasury Obligation Fund Class Z	$	652,443	
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		4,267	
US Bank Series 2017A-1 Reserve	First American Government Obligation Fund Class Y		173,792	
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		497,147	

Total Debt Service Fund Investments     $	2,124,196 

US Bank Series 2014 Acquisition & Construc First American Treasury Obligation Fund Class Z	$	7,403

Total Capital Project Fund Investments     $	7,403 

Invoice Date		Customer Name		Invoice Number		Current Balance	

10/1/2018		
Hillsborough County Tax Collector		
FY18-19		
73,457.53	
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	
3/31/2019		Waterset Central CDD		OMR0319-1		669.65	
				
Total 001 - General Fund		
83,026.63	

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2018	Hillsborough County Tax Collector	FY18-19	30,256.61

Total 200 - Debt Service Fund S2017

30,256.61

Invoice Date		Customer Name		Invoice Number		Current Balance	

10/1/2018		
Hillsborough County Tax Collector		
FY18-19		
41,814.88	
10/1/2018		NNP - Southbend II, LLC		435-19-01		17,290.62	
				
Total 201 - Debt Service Fund S2014		
59,105.50	

Invoice Date		Customer Name		Invoice Number	Current Balance	

2/28/2019		
NNP - Southbend II, LLC		
Cafe0219-1	
980.84	
3/31/2019		NNP - Southbend II, LLC		Cafe0319-1	1,535.55	
				
Total 400 - Enterprise Fund	
2,516.39	

Report Balance	174,905.13

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)	
NVirotect Pest Control, Inc.		3/8/2019		172717		Pest Control Treatment for Wasps 8382 03/19		189.00	
Accurate Electronics, Inc		3/15/2019		88226		Repair Access Control System 03/19		899.44	
Castle Management, LLC		3/15/2019		PREIM03-15-19-212		Payroll - Period 02/23/19-03/08/19		5,479.61	
Hillsborough County BOCC		3/19/2019		0761919834 03/19		6651 Waterset Blvd 03/19		79.33	
Accurate Electronics, Inc		3/19/2019		88364		Repair Card Reader at Pool 03/19		352.00	
Signa Digital Solutions Inc.		3/19/2019		AR-S217873		Color Copier Maintenance Contract 03/19		205.00	
Accurate Electronics, Inc		3/20/2019		88398		Replace Kant Slams on 3 Chain Link Fence Ped Gates 03/19		526.50	
Accurate Electronics, Inc		3/20/2019		88448		Repairs Ped Gate to Basketball Court 03/19		498.17	
Landscape Maintenance Professionals, Inc.		3/21/2019		142395		Irrigation Repair - Replace Control Valve 03/19		235.00	
G4S Secure Solutions Inc.		3/24/2019		10396164		Security Services 03/18/19-03/24/19		1,116.08	
WCP Construction Inc.		3/25/2019		032519		Repair Pavilion 03/19		3,767.00	
Suncoast Pool Service, Inc.		3/26/2019		5158		5 HP EQ Motor for Splash Park Pump 03/19		1,435.00	
Suncoast Pool Service, Inc.		3/26/2019		5159		Replace 6 Control Valves for Splash Park 03/19		1,147.00	
Castle Management, LLC		3/29/2019		PREIM03-29-19-209		Payroll - Period 03/09/19-03/22/19		6,608.85	
Synergy FL		4/1/2019		107958		Security Monitoring - Fitness Center 03/19		54.95	
Tampa Electric Company		4/3/2019		Summary Bill 03/19		Summary Bill 03/19		3,145.09	
						
Total 001 - General Fund		
25,716.22	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Castle Management, LLC		
3/15/2019		
PREIM03-15-19-212		
Payroll - Period 02/23/19-03/08/19		
5,921.24	
Nu Vista Foods Group, Inc.		3/25/2019		WC 03251943		Cafe Food/Beverages/Supplies 03/19		465.73	
Sysco West Coast Florida, Inc.		3/27/2019		WC 237433536		Cafe Food/Beverages/Supplies 03/19		854.99	
Castle Management, LLC		3/29/2019		PREIM03-29-19-209		Payroll - Period 03/09/19-03/22/19		4,481.08	
						
Total 400 - Enterprise Fund		
11,723.04	

Report Total								
37,439.26	

Inflows:	Debt Proceeds	$	8,681,222.33		
	Underwriters Discount	213,300.00		
	Total Bond Proceeds:	8,894,522.33		
	
Interest Earnings	
213.36		
	Transfer from Revenue Account	12,726.82		
	Transfer from Reserve Account	21,829.57		
	Total Inflows:	$	8,929,292.08		

Outflows:				
Requisition Date	Requisition
Number	Contractor	
Amount	Status with Trustee As of 03/31/19	

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	
02/28/19	290	Ballenger & Company, Inc.	(885.00)	Cleared	
02/28/19	291	Ballenger & Company, Inc.	(5,310.00)	Cleared	
03/31/19	292	Erin McCormick Law	(1,606.00)	Cleared	

Total Requisitions:	(8,412,280.15)

Total Outflows:	(8,921,889.02)

Construction Account Balance at March 31, 2019	$	7,403.06

* 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
March 31, 2019

Balance Sheet

Trust statement activity has been recorded through 03/31/19.
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 in the amount of $8,129.63 was received in April 2019.
Debt Service Fund 200 – Payment for Invoice #FY18-19 in the amount of $9,361.31 was received in April 2019.
Debt Service Fund 201 – Payment for Invoice #FY18-19 in the amount of $12,937.40 was received in April 2019.