Waterset North Community Development District

Financial Statements (Unaudited)

April 30, 2019

Prepared by: Rizzetta & Company, Inc.

watersetnorthcdd.org rizzetta.com

Waterset North Community Development District
Balance Sheet As of 4/30/2019
(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	35,070		0		0		0		25,163		60,233		0		0	
Cash On Hand	0		0		0		0		300		300		0		0	
Investments	909,479		0		2,149,043		8,831		0		3,067,353		0		0	
Investments - Reserves	0		116,323		0		0		0		116,323		0		0	
Accounts Receivable	66,365		0		67,063		0		1,536		134,964		0		0	
Accounts Receivable - Other	1,151		0		0		0		0		1,151		0		0	
Prepaid Expenses	1,571		0		0		0		0		1,571		0		0	
Deposits	18,681		0		0		0		500		19,181		0		0	
Due From Other Funds	0		0		0		0		152		152		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		0		2,216,106	
Amount To Be Provided Debt Service	0		0		0		0		0		0		0		14,478,894	
Fixed Assets	0		0		0		0		0		0		55,787,373		0	
Total Assets	 	1,032,316		 	116,323		 	2,216,106		 	8,831		 	27,651		 	3,401,227		     55,787,373		     16,695,000	

Liabilities																
Accounts Payable	90,642		0		0		0		12,488		103,129		0		0	
Retainage Payable	0		0		0		0		0		0		0		0	
Accrued Expenses Payable	0		0		0		0		0		0		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	152		0		0		0		0		152		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	90,794		0		0		0		12,488		103,281		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	584,500		53,370		370,226		2,584		7,328		1,018,008		0		0	
Total Fund Equity & Other Credits	941,522		116,323		2,216,106		8,831		15,163		3,297,946		55,787,373		0	

Total Liabilities & Fund Equity	
 	1,032,316		
 	116,323		
 	2,216,106		
 	8,831		
 	27,651		
 	3,401,227		
     55,787,373		
     16,695,000	

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	3,320	3,320	0.00%	
Special Assessments						
Tax Roll	1,481,330	1,481,330	1,490,813	9,483	(0.64)%	
Off Roll	31,451	31,451	31,451	0	0.00%	
Contributions From Private Sources						
Developer Contributions	32,928	19,208	19,208	0	41.66%	
Other Miscellaneous Revenues						
Miscellaneous	0		0		843		843		0.00%	
Total Revenues	1,545,709		1,531,989		1,545,635		13,646		0.00%	

Expenditures
Legislative
Supervisor Fees	9,600	5,600	4,200	1,400	56.25%	
Financial & Administrative						
Administrative Services	4,800	2,800	2,800	0	41.66%	
District Management	24,180	14,105	14,105	0	41.66%	
District Engineer	2,364	1,379	0	1,379	100.00%	
Disclosure Report	6,000	6,000	6,000	0	0.00%	
Trustee Fees	7,000	7,000	7,621	(621)	(8.87)%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	5,000	2,917	2,917	0	41.66%	
Accounting Services	18,000	10,500	10,500	0	41.66%	
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	292	0	292	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	1,225	1,225	0	41.66%	
Legal Counsel						
District Counsel	20,000	11,667	18,424	(6,757)	7.88%	
Security Operations						
Security Services and Patrols	70,000	40,833	32,881	7,952	53.02%	
Electric Utility Services						
Utility Services	10,000	5,833	6,975	(1,142)	30.25%	
Utility - Recreation Facilities	22,000	12,833	13,030	(197)	40.77%	
Street Lights	75,000	43,750	960	42,790	98.71%	

Gas Utility Services
Utility - Recreation Facilities	14,000	8,167	9,736	(1,569)	30.45% Garbage/Solid Waste Control
Services

Garbage - Recreation Facility	5,500	3,208	4,410	(1,201)	19.82%	
Water-Sewer Combination Services Utility Services	
8,000	
4,667	
3,576	
1,091	
55.30%	
Utility - Reclaimed	15,000	8,750	10,396	(1,646)	30.69%	
Stormwater Control						
Lake/Pond Bank Maintenance	5,000	2,917	1,097	1,820	78.06%	
Aquatic Maintenance	47,520	27,720	28,855	(1,135)	39.27%	
Wetland Monitoring & Maintenance	7,500	4,375	2,025	2,350	73.00%	
Wetland Maintenance	5,000	2,917	0	2,917	100.00%	
Aquatic Plant Enhancement	5,000	2,917	0	2,917	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	583	295	288	70.50%	
Landscape Maintenance	700,000	408,333	416,262	(7,929)	40.53%	
Irrigation Repairs	15,000	8,750	8,409	341	43.93%	
Landscape Replacement Plants, Shrubs, Trees	35,000	20,417	19,918	499	43.09%	
Landscape Mulch	85,000	49,583	60,280	(10,697)	29.08%	
Field Operations	9,000	5,250	5,250	0	41.66%	
Fire Ant Treatment	3,200	1,867	0	1,867	100.00%	
Road & Street Facilities						
Sidewalk Repair & Maintenance	1,000	583	0	583	100.00%	
Street Sign Repair & Replacement	3,000	1,750	0	1,750	100.00%	
Parks & Recreation						
Management Contract	155,000	90,417	91,406	(990)	41.02%	
Vehicle Maintenance	1,500	875	80	795	94.65%	
Fitness Equipment Maintenance & Repairs	3,000	1,750	145	1,605	95.16%	
Pest Control	1,500	875	1,739	(864)	(15.93)%	
Pool Permits	1,000	0	0	0	100.00%	
Facility A/C & Heating Maintenance & Repair	4,000	2,333	1,865	468	53.36%	
Pool Service Contract	18,000	10,500	10,500	0	41.66%	

Pool Repairs	8,000	4,667	2,582	2,085	67.72%	
Maintenance & Repairs	10,000	5,833	13,046	(7,213)	(30.46)%	
Telephone, Fax, Internet	11,940	6,965	7,107	(142)	40.47%	
Clubhouse - Facility Janitorial Service	23,700	13,825	13,008	817	45.11%	
Clubhouse - Facility Janitorial Supplies	3,000	1,750	926	824	69.14%	
Window Cleaning	5,308	3,096	1,622	1,474	69.44%	
Computer Support, Maintenance & Repair	500	292	0	292	100.00%	
Security System Monitoring & Maintenance	3,500	2,042	1,249	792	64.30%	
Furniture Repair/Replacement	4,000	2,333	0	2,333	100.00%	
Clubhouse Miscellaneous Expense	3,000	1,750	4,956	(3,206)	(65.20)%	
Trail/Bike Path Maintenance	1,500	875	0	875	100.00%	
Playground Equipment & Maintenance	5,000	2,917	1,925	992	61.50%	
Access Control Maintenance & Repair	2,500	1,458	10,720	(9,262)	(328.81)%	
Athletic/Park Court/Field Repairs	1,500	875	0	875	100.00%	
Office Supplies	2,000	1,167	92	1,075	95.40%	
Facility Funding	106,474	62,110	62,110	0	41.66%	
Contingency						
Miscellaneous Contingency	9,626		5,615		4,500		1,115		53.25%	
Total Expenditures	1,672,080		994,955		961,135		33,820		42.52%	

Excess of Revenue Over (Under) Expenditures	
(126,371)		
537,034		
584,500		
47,466		
562.52%	

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		663,405		584,500		(78,905)		0.00%	

Fund Balance, Beginning of Period										
	0		0		357,023		357,023		0.00%	
Fund Balance, End of Period	 	0		 	663,405		 	941,522		 	278,117		 	0.00%	

Tax Roll	52,493		52,493		0		0.00%	
Total Revenues	52,493		53,370		877		1.67%	

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		
53,370		
53,370		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
53,370		
53,370		
0.00%	

Fund Balance, Beginning of Period								
	0		62,953		62,953		0.00%	
Fund Balance, End of Period	 	0		 	116,323		 	116,323		 	0.00%	

Tax Roll	490,598		493,630		3,032		0.61%	
Total Revenues	490,598		499,584		8,986		1.83%	

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		
362,660		
362,660		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
362,660		
362,660		
0.00%	

Fund Balance, Beginning of Period								
	0		413,727		413,727		0.00%	
Fund Balance, End of Period	 	0		 	776,387		 	776,387		 	0.00%	

201 - Debt Service Fund S2014 From 10/1/2018 Through 4/30/2019 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		15,351		15,351		0.00%	
Special Assessments								
Tax Roll	678,010		682,201		4,190		0.61%	
Off Roll	26,601		26,601		0		0.00%	
Total Revenues	704,611		724,152		19,541		2.77%	

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		
22,296		
22,296		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(14,730)		(14,730)		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		7,566		7,566		0.00%	

Fund Balance, Beginning of Period								
	0		1,432,154		1,432,154		0.00%	
Fund Balance, End of Period	 	0		 	1,439,720		 	1,439,720		 	0.00%	

301 - Capital Projects Fund S2014 From 10/1/2018 Through 4/30/2019 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings								
Interest Earnings	0		137		137		0.00%	
Total Revenues	0		137		137		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		
(12,146)		
(12,146)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		14,730		14,730		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		2,584		2,584		0.00%	

Fund Balance, Beginning of Period								
	0		6,247		6,247		0.00%	
Fund Balance, End of Period	 	0		 	8,831		 	8,831		 	0.00%	

400 - Enterprise Fund
From 10/1/2018 Through 4/30/2019
(In Whole Numbers)

Annual Budget

Percent Annual Budget
YTD Budget	YTD Actual	YTD Variance	Remaining

 	 	 	 	

Revenues
Other Miscellaneous Revenues
Food	80,376		46,886		54,844		7,958		31.76%	
Beverages	25,000		14,583		11,750		(2,833)		52.99%	
Alcoholic Beverages	16,000		9,333		5,378		(3,955)		66.38%	
Builder Relations	7,000		4,083		4,456		373		36.34%	
Facility Funding	106,474		62,110		62,110		0		41.66%	
Total Revenues	234,850		136,996		138,538		1,543		41.01%	

Expenditures
Financial & Administrative
Bank Fees	8,000	4,667	6,092	(1,425)	23.85%	
Dues, Licenses & Fees	500	250	277	(27)	44.60%	
Miscellaneous Fees	100	58	0	58	100.00%	
Parks & Recreation						
Management Contract	155,000		90,417		72,988		17,429		52.91%	
Cafe Marketing & Consulting	1,000		583		1,065		(482)		(6.51)%	
Maintenance & Repairs	2,500		1,458		2,063		(605)		17.46%	
Facility Supplies	12,000		7,000		7,524		(524)		37.30%	
Food	40,000		23,333		29,627		(6,294)		25.93%	
Beverage	15,000		8,750		10,989		(2,239)		26.73%	
Computer Support, Maintenance & Repair	250		146		503		(357)		(101.21)%	
Office Supplies	500		292		81		210		83.73%	
Total Expenditures	234,850		136,954		131,210		5,744		44.13%	

Excess of Revenue Over (Under) Expenditures	
0		
42		
7,328		
7,287		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
42		
7,328		
7,287		
0.00%	

Fund Balance, Beginning of Period										
	0		0		7,835		7,835		0.00%	
Fund Balance, End of Period	 	0		 	42		 	15,163		 	15,122		 	0.00%	

Waterset North CDD Investment Summary April 30, 2019

Balance as of
Account	Investment	April 30, 2019

The Bank of Tampa	Business Money Market	$	248,409	
The Bank of Tampa ICS Program:				
First National Bank of Omaha	Money Market		129,024	
The Huntington National Bank	Money Market		245,403	
United Bank	Money Market		245,403	
Western Alliance Bank	Money Market		41,240	

Total General Fund Investments      $	909,479 

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

$	116,290

Western Alliance Bank	Money Market	33
Total Reserve Fund Investments     $	116,323 

US Bank Series 2014 Revenue	First American Treasury Obligation Fund Class Z	$	666,639	
US Bank Series 2014 Reserve	First American Treasury Obligation Fund Class Z		722,638	
US Bank Series 2014 Prepayment	First American Treasury Obligation Fund Class Z		4,275	
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		507,788	

Total Debt Service Fund Investments     $	2,149,043 

US Bank Series 2014 Acquisition & Construc First American Treasury Obligation Fund Class Z	$	8,831

Total Capital Project Fund Investments     $	8,831 

Invoice Date		Customer Name		Invoice Number		Current Balance	

10/1/2018		
Hillsborough County Tax Collector		
FY18-19		
65,327.90	
12/26/2018		Waterset Homeowners Association, Inc.		OMR1218-3		1,036.65	
				
Total 001 - General Fund		
66,364.55	

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2018	Hillsborough County Tax Collector	FY18-19	20,895.30

Total 200 - Debt Service Fund S2017

20,895.30

Invoice Date		Customer Name		Invoice Number		Current Balance	

10/1/2018		
Hillsborough County Tax Collector		
FY18-19		
28,877.48	
10/1/2018		NNP - Southbend II, LLC		435-19-01		17,290.62	
				
Total 201 - Debt Service Fund S2014		
46,168.10	

Invoice Date	Customer Name	Invoice Number	Current Balance

3/31/2019	NNP - Southbend II, LLC	Cafe0319-1	1,535.55

Total 400 - Enterprise Fund

1,535.55

Report Balance	134,963.50

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)	
De Lage Landen Financial Services, Inc.	3/23/2019	63003159	Cannon Copier Lease 03/19	334.00	
Landscape Maintenance Professionals, Inc.	4/1/2019	142290	Monthly Landscape Maintenance 04/19	47,675.91	
Accurate Electronics, Inc	4/2/2019	88558	Repair Ped Gate to Pool 04/19	553.50	
Castle Management, LLC	4/12/2019	PREIM04-12-19-209	Payroll - Period 03/23/19-04/05/19	7,215.10	
Castle Management, LLC	4/19/2019	JANIT-0419-001	Janitorial Services 01/19 - 04/19	7,082.64	
Landscape Maintenance Professionals, Inc.	4/19/2019	142908	Irrigation Repairs 04/19	154.00	
De Lage Landen Financial Services, Inc.	4/20/2019	63381222	Cannon Copier Lease 04/19	259.00	
G4S Secure Solutions Inc.	4/21/2019	10446101	Security Services 04/15/19-04/21/19	1,116.08	
Signa Digital Solutions Inc.	4/22/2019	AR-S219781	Color Copier Maintenance Contract XTD08126-01 04/19	208.76	
Florida Reserve Study and Appraisal, Inc.	4/23/2019	04232019	Reserve Study 04/19	4,500.00	
Castle Management, LLC	4/26/2019	PREIM04-26-19-210	Payroll - Period 04/06/19-04/19/19	6,272.46	
Landscape Maintenance Professionals, Inc.	4/27/2019	143038	Irrigation Repairs 04/19	350.00	
Landscape Maintenance Professionals, Inc.	4/27/2019	143039	Irrigation Repairs 04/19	350.00	
G4S Secure Solutions Inc.	4/28/2019	10460758	Security Services 04/22/19-04/28/19	1,116.08	
Payne Air Conditioning and Heating, Inc.	4/29/2019	633264	A/C Repair Parts & Service 04/19	15.00	
Payne Air Conditioning and Heating, Inc.	4/29/2019	C16781	Preventative Maintenance 04/19	265.00	
Landscape Maintenance Professionals, Inc.	4/30/2019	143252	Irrigation Repairs 04/19	175.00	
Landscape Maintenance Professionals, Inc.	4/30/2019	143253	Irrigation Repairs 04/19	308.00	
Landscape Maintenance Professionals, Inc.	4/30/2019	143257	Irrigation Repairs 04/19	154.00	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Landscape Maintenance Professionals, Inc.		
4/30/2019		
143411		
Fertilize St Augustine, Bermuda, Bahia, & Zoysia 04/19		
7,243.00	
Landscape Maintenance Professionals, Inc.		4/30/2019		143412		Pest Control 04/19		1,475.00	
Hillsborough County BOCC		5/1/2019		2901278101 4/19		7024 Sail View Lane 04/19		305.04	
Hillsborough County BOCC		5/1/2019		4195480573 04/19		6500 Maiden Sea Drive 04/19		4.55	
Synergy FL		5/1/2019		110707		Security Monitoring - Fitness Center 04/19		54.95	
Tampa Electric Company		5/3/2019		Summary Bill 04/19		Summary Bill 04/19		3,085.25	
CIMA Energy Solutions, LLC		5/8/2019		46419767		Gas Sales 04/19		391.04	
						
Total 001 - General Fund		
90,641.56	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Castle Management, LLC		
4/12/2019		
PREIM04-12-19-209		
Payroll - Period 03/23/19-04/05/19		
4,535.48	
Sysco West Coast Florida, Inc.		4/17/2019		WC 237473911		Cafe Food/Beverages/Supplies 04/19		988.71	
Sysco West Coast Florida, Inc.		4/20/2019		WC 237480557		Supplies 04/19		94.99	
Sysco West Coast Florida, Inc.		4/24/2019		WC 237487458		Cafe Food/Beverages/Supplies 04/19		1,002.97	
Pepin		4/24/2019		WC 2752269		Cafe Beverages 04/19		137.00	
Pepin		4/24/2019		WC 2752270		Cafe Beverages 04/19		50.00	
Castle Management, LLC		4/26/2019		PREIM04-26-19-210		Payroll - Period 04/06/19-04/19/19		4,477.68	
Florida Department of Revenue		4/30/2019		39-8015954075-8 04/19		Sales Tax Payable 04/19		1,200.68	
						
Total 400 - Enterprise Fund		
12,487.51	

Report Total								
103,129.07	

Inflows:	Debt Proceeds	$	8,681,222.33		
	Underwriters Discount	213,300.00		
	Total Bond Proceeds:	8,894,522.33		
	
Interest Earnings	
235.25		
	Transfer from Revenue Account	12,726.82		
	Transfer from Reserve Account	23,235.80		
	Total Inflows:	$	8,930,720.20		

Outflows:				
Requisition Date	Requisition
Number	Contractor	
Amount	Status with Trustee As of 04/30/19	

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 April 30, 2019	$	8,831.18

* 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
April 30, 2019

Balance Sheet

Trust statement activity has been recorded through 04/30/19.
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 $45,921.49 was received in May 2019.
Debt Service Fund 200 – Payment for Invoice #FY18-19 in the amount of $14,688.11 was received in May 2019.
Debt Service Fund 201 – Payment for Invoice #FY18-19 in the amount of $20,299.07 was received in May 2019.