Waterset North Community Development District

Financial Statements (Unaudited)

June 30, 2019

Prepared by: Rizzetta & Company, Inc.

watersetnorthcdd.org rizzetta.com

Waterset North Community Development District
Balance Sheet As of 6/30/2019
(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	43,473		0		0		0		19,798		63,270		0		0	
Cash On Hand	0		0		0		0		300		300		0		0	
Investments	671,184		0		1,589,662		11,631		0		2,272,477		0		0	
Investments - Reserves	0		116,712		0		0		0		116,712		0		0	
Accounts Receivable	4,848		0		17,291		0		2,257		24,395		0		0	
Accounts Receivable - Other	0		0		0		0		0		0		0		0	
Prepaid Expenses	1,571		0		0		0		0		1,571		0		0	
Deposits	18,573		0		0		0		500		19,073		0		0	
Due From Other Funds	0		0		0		0		620		620		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		0		1,606,953	
Amount To Be Provided Debt Service	0		0		0		0		0		0		0		14,868,047	
Fixed Assets	0		0		0		0		0		0		55,790,783		0	
Total Assets	 	739,649		 	116,712		 	1,606,953		 	11,631		 	23,474		 	2,498,419		 	55,790,783		 	16,475,000	

Liabilities																
Accounts Payable	37,159		0		0		3,410		14,195		54,764		0		0	
Retainage Payable	0		0		0		0		0		0		0		0	
Accrued Expenses Payable	3,400		0		0		0		0		3,400		0		0	
Other Current Liabilities	0		0		0		0		0		0		0		0	
Due To Other Funds	620		0		0		0		0		620		0		0	
Revenue Bonds Payable--Long Term	0		0		0		0		0		0		0		16,475,000	
Total Liabilities	41,179		0		0		3,410		14,195		58,784		0		16,475,000	

Fund Equity & Other Credits																
Beginning Fund Balance	357,023		62,953		1,845,881		6,247		7,835		2,279,938		55,790,783		0	
Net Change in Fund Balance	341,447		53,760		(238,928)		1,975		1,444		159,698		0		0	
Total Fund Equity & Other Credits	698,470		116,712		1,606,953		8,222		9,279		2,439,636		55,790,783		0	

Total Liabilities & Fund Equity	
 	739,649		
 	116,712		
 	1,606,953		
 	11,631		
 	23,474		
 	2,498,419		
 	55,790,783		
 	16,475,000	

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	5,025	5,025	0.00%	
Special Assessments						
Tax Roll	1,481,330	1,481,330	1,497,090	15,761	(1.06)%	
Off Roll	31,451	31,451	31,451	0	0.00%	
Contributions From Private Sources						
Developer Contributions	32,928	24,696	24,696	0	25.00%	
Other Miscellaneous Revenues						
Miscellaneous	0		0		843		843		0.00%	
Total Revenues	1,545,709		1,537,477		1,559,106		21,629		(0.87)%	

Expenditures
Legislative
Supervisor Fees	9,600	7,200	5,600	1,600	41.66%	
Financial & Administrative						
Administrative Services	4,800	3,600	3,600	0	25.00%	
District Management	24,180	18,135	18,135	0	25.00%	
District Engineer	2,364	1,773	0	1,773	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	3,750	3,750	0	24.99%	
Accounting Services	18,000	13,500	13,500	0	25.00%	
Auditing Services	3,270	3,270	3,270	0	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	375	0	375	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	1,575	1,575	0	25.00%	
Legal Counsel						
District Counsel	20,000	15,000	27,778	(12,778)	(38.89)%	
Security Operations						
Security Services and Patrols	70,000	52,500	41,898	10,602	40.14%	
Electric Utility Services						
Utility Services	10,000	7,500	9,931	(2,431)	0.69%	
Utility - Recreation Facilities	22,000	16,500	17,158	(658)	22.00%	
Street Lights	75,000	56,250	4,679	51,571	93.76%	

Gas Utility Services						
Utility - Recreation Facilities	14,000	10,500	9,892	608	29.33%	
Garbage/Solid Waste Control Services						
Garbage - Recreation Facility	5,500	4,125	5,823	(1,698)	(5.86)%	
Water-Sewer Combination Services						
Utility Services	8,000	6,000	5,162	838	35.47%	
Utility - Reclaimed	15,000	11,250	17,128	(5,878)	(14.18)%	
Stormwater Control						
Lake/Pond Bank Maintenance	5,000	3,750	1,097	2,653	78.06%	
Aquatic Maintenance	47,520	35,640	37,675	(2,035)	20.71%	
Wetland Monitoring & Maintenance	7,500	5,625	2,700	2,925	64.00%	
Wetland Maintenance	5,000	3,750	2,162	1,588	56.76%	
Aquatic Plant Enhancement	5,000	3,750	4,801	(1,051)	3.98%	
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	750	295	455	70.50%	
Landscape Maintenance	700,000	525,000	525,595	(595)	24.91%	
Irrigation Repairs	15,000	11,250	14,633	(3,383)	2.44%	
Landscape Replacement Plants, Shrubs, Trees	35,000	26,250	19,918	6,333	43.09%	
Landscape Mulch	85,000	63,750	60,280	3,470	29.08%	
Field Operations	9,000	6,750	6,750	0	25.00%	
Fire Ant Treatment	3,200	2,400	0	2,400	100.00%	
Road & Street Facilities						
Sidewalk Repair & Maintenance	1,000	750	0	750	100.00%	
Street Sign Repair & Replacement	3,000	2,250	3,122	(872)	(4.08)%	
Parks & Recreation						
Management Contract	155,000	116,250	131,074	(14,824)	15.43%	
Vehicle Maintenance	1,500	1,125	137	988	90.85%	
Fitness Equipment Maintenance & Repairs	3,000	2,250	290	1,960	90.33%	
Pest Control	1,500	1,125	2,699	(1,574)	(79.93)%	
Pool Permits	1,000	1,000	425	575	57.50%	
Facility A/C & Heating Maintenance & Repair	4,000	3,000	1,865	1,135	53.36%	
Pool Service Contract	18,000	13,500	13,500	0	25.00%	

Pool Repairs	8,000	6,000	2,582	3,418	67.72%	
Maintenance & Repairs	10,000	7,500	13,807	(6,307)	(38.07)%	
Telephone, Fax, Internet	11,940	8,955	9,195	(240)	22.98%	
Clubhouse - Facility Janitorial Service	23,700	17,775	16,408	1,367	30.76%	
Clubhouse - Facility Janitorial Supplies	3,000	2,250	1,420	830	52.66%	
Window Cleaning	5,308	3,981	3,414	567	35.68%	
Computer Support, Maintenance & Repair	500	375	0	375	100.00%	
Security System Monitoring & Maintenance	3,500	2,625	1,469	1,156	58.02%	
Furniture Repair/Replacement	4,000	3,000	0	3,000	100.00%	
Clubhouse Miscellaneous Expense	3,000	2,250	7,252	(5,002)	(141.71)%	
Trail/Bike Path Maintenance	1,500	1,125	1,125	0	25.00%	
Playground Equipment & Maintenance	5,000	3,750	6,020	(2,270)	(20.40)%	
Access Control Maintenance & Repair	2,500	1,875	11,733	(9,858)	(369.31)%	
Athletic/Park Court/Field Repairs	1,500	1,125	0	1,125	100.00%	
Office Supplies	2,000	1,500	92	1,408	95.40%	
Facility Funding	106,474	79,855	70,983	8,873	33.33%	
Contingency						
Miscellaneous Contingency	9,626		7,220		4,500		2,720		53.25%	
Total Expenditures	1,672,080		1,268,027		1,217,659		50,368		27.18%	

Excess of Revenue Over (Under) Expenditures	
(126,371)		
269,450		
341,447		
71,997		
370.19%	

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		395,821		341,447		(54,374)		0.00%	

Fund Balance, Beginning of Period										
	0		0		357,023		357,023		0.00%	
Fund Balance, End of Period	 	0		 	395,821		 	698,470		 	302,649		 	0.00%	

Tax Roll	52,493		52,493		0		0.00%	
Total Revenues	52,493		53,760		1,267		2.41%	

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		
53,760		
53,760		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
53,760		
53,760		
0.00%	

Fund Balance, Beginning of Period								
	0		62,953		62,953		0.00%	
Fund Balance, End of Period	 	0		 	116,712		 	116,712		 	0.00%	

Tax Roll	490,598		495,638		5,040		1.02%	
Total Revenues	490,598		503,526		12,928		2.64%	

Expenditures								
Debt Service								
Interest	270,598		273,849		(3,251)		(1.20)%	
Principal	220,000		220,000		0		0.00%	
Total Expenditures	490,598		493,849		(3,251)		(0.66)%	

Excess of Revenue Over (Under) Expenditures	
0		
9,677		
9,677		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
9,677		
9,677		
0.00%	

Fund Balance, Beginning of Period								
	0		413,727		413,727		0.00%	
Fund Balance, End of Period	 	0		 	423,404		 	423,404		 	0.00%	

201 - Debt Service Fund S2014 From 10/1/2018 Through 6/30/2019 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		20,157		20,157		0.00%	
Special Assessments								
Tax Roll	678,010		684,976		6,965		1.02%	
Off Roll	26,601		26,601		0		0.00%	
Total Revenues	704,611		731,733		27,122		3.85%	

Expenditures								
Debt Service								
Interest	529,611		532,844		(3,233)		(0.61)%	
Principal	175,000		430,000		(255,000)		(145.71)%	
Total Expenditures	704,611		962,844		(258,233)		(36.65)%	

Excess of Revenue Over (Under) Expenditures	
0		
(231,111)		
(231,111)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(17,494)		(17,494)		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		(248,605)		(248,605)		0.00%	

Fund Balance, Beginning of Period								
	0		1,432,154		1,432,154		0.00%	
Fund Balance, End of Period	 	0		 	1,183,549		 	1,183,549		 	0.00%	

301 - Capital Projects Fund S2014 From 10/1/2018 Through 6/30/2019 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings								
Interest Earnings	0		173		173		0.00%	
Total Revenues	0		173		173		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		15,692		(15,692)		0.00%	
Total Expenditures	0		15,692		(15,692)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
(15,519)		
(15,519)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		17,494		17,494		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		1,975		1,975		0.00%	

Fund Balance, Beginning of Period								
	0		6,247		6,247		0.00%	
Fund Balance, End of Period	 	0		 	8,222		 	8,222		 	0.00%	

400 - Enterprise Fund
From 10/1/2018 Through 6/30/2019
(In Whole Numbers)

Annual Budget

Percent Annual Budget
YTD Budget	YTD Actual	YTD Variance	Remaining

 	 	 	 	

Revenues
Other Miscellaneous Revenues
Food	80,376		60,282		72,599		12,317		9.67%	
Beverages	25,000		18,750		15,452		(3,298)		38.19%	
Alcoholic Beverages	16,000		12,000		7,750		(4,250)		51.56%	
Builder Relations	7,000		5,250		7,158		1,908		(2.26)%	
Facility Funding	106,474		79,855		70,983		(8,873)		33.33%	
Total Revenues	234,850		176,137		173,942		(2,195)		25.93%	

Expenditures
Financial & Administrative
Bank Fees	8,000	6,000	8,041	(2,041)	(0.51)%	
Dues, Licenses & Fees	500	250	277	(27)	44.60%	
Miscellaneous Fees	100	75	0	75	100.00%	
Parks & Recreation						
Management Contract	155,000		116,250		96,785		19,465		37.55%	
Cafe Marketing & Consulting	1,000		750		1,065		(315)		(6.51)%	
Maintenance & Repairs	2,500		1,875		2,817		(942)		(12.69)%	
Facility Supplies	12,000		9,000		10,558		(1,558)		12.01%	
Food	40,000		30,000		37,508		(7,508)		6.22%	
Beverage	15,000		11,250		14,863		(3,613)		0.91%	
Computer Support, Maintenance & Repair	250		187		503		(316)		(101.21)%	
Office Supplies	500		375		81		294		83.73%	
Total Expenditures	234,850		176,012		172,498		3,514		26.55%	

Excess of Revenue Over (Under) Expenditures	
0		
125		
1,444		
1,319		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
125		
1,444		
1,319		
0.00%	

Fund Balance, Beginning of Period										
	0		0		7,835		7,835		0.00%	
Fund Balance, End of Period	 	0		 	125		 	9,279		 	9,154		 	0.00%	

Waterset North CDD Investment Summary June 30, 2019

Balance as of
Account	Investment	June 30, 2019

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

Money Market	$	248,533

48,559	
NexBank, SSB	Money Market		128,670	
The Huntington National Bank	Money Market		14	
United Bank	Money Market		245,403	
Western Alliance Bank	Money Market		5	

Total General Fund Investments      $	671,184 

The Bank of Tampa ICS Program:
First National Bank of Omaha	Money Market	$	3
NexBank, SSB	Money Market	116,696
The Huntington National Bank	Money Market	13
Total Reserve Fund Investments     $	116,712 

US Bank Series 2014 Revenue	First American Treasury Obligation Fund Class Z	$	439,329	
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		4,291	
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		175,701	

Total Debt Service Fund Investments     $	1,589,662 

US Bank Series 2014 Acquisition & Construc First American Treasury Obligation Fund Class Z	$	11,631

Total Capital Project Fund Investments     $	11,631 

Invoice Date		Customer Name		Invoice Number		Current Balance	

12/26/2018		
Waterset Homeowners Association, Inc.		
OMR1218-3		
1,036.65	
5/31/2019		Waterset Central CDD		OMR0519-1		1,091.62	
6/30/2019		Waterset Central CDD		OMR0619-1		1,078.86	
6/30/2019		Waterset Homeowners Association, Inc.		OMR0619-3		1,640.76	
				
Total 001 - General Fund		
4,847.89	

Invoice Date	Customer Name	Invoice Number	Current Balance

10/1/2018	NNP - Southbend II, LLC	435-19-01	17,290.62

Total 201 - Debt Service Fund S2014

17,290.62

Invoice Date		Customer Name		Invoice Number	Current Balance	

5/31/2019		
NNP - Southbend II, LLC		
Cafe0519-1	
842.23	
6/30/2019		NNP - Southbend II, LLC		Cafe0619-1	1,414.30	
				
Total 400 - Enterprise Fund	
2,256.53	

Report Balance	24,395.04

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)	
Squeegee Squad	5/21/2019	2476	In & Out Cleaning All Glass 05/19	1,792.00	
Tampa Electric Company	6/4/2019	221004037877 05/19	6212 Covington Garden 05/19	439.30	
Landscape Maintenance Professionals, Inc.	6/7/2019	144180	Irrigation Repairs 06/19	308.00	
Landscape Maintenance Professionals, Inc.	6/8/2019	144190	Irrigation Repairs 06/19	159.00	
Landscape Maintenance Professionals, Inc.	6/11/2019	144216	Irrigation Repairs 06/19	807.75	
Landscape Maintenance Professionals, Inc.	6/12/2019	144238	Irrigation Repairs 06/19	154.00	
Landscape Maintenance Professionals, Inc.	6/14/2019	144287	Irrigation Repairs 06/19	470.00	
Landscape Maintenance Professionals, Inc.	6/15/2019	144307	Irrigation Repairs 06/19	154.00	
American Mulch & Groundcover, LLC	6/18/2019	14209	Install Playground Mulch 06/19	4,095.00	
Hillsborough County BOCC	6/18/2019	0761919834 06/19	6651 Waterset Blvd 06/19	241.71	
Landscape Maintenance Professionals, Inc.	6/19/2019	144347	Irrigation Repairs 06/19	343.00	
Castle Management, LLC	6/21/2019	PREIM06-21-19-216	Payroll - Period 06/01/19-06/14/19	5,899.76	
De Lage Landen Financial Services, Inc.	6/22/2019	64113602	Cannon Copier Lease 06/19	271.95	
G4S Secure Solutions Inc.	6/23/2019	10551712	Security Services 06/17/19-06/23/19	1,116.08	
Signature Signs Inc.	6/25/2019	10410	Aluminum Trail Signs (5) Plus Installation - 50% Down 06/19	1,125.00	
FitRev, Inc.	6/26/2019	18747	Quarterly Fitness Equipment Maintenance 06/19	145.00	
Landscape Maintenance Professionals, Inc.	6/26/2019	144465	Irrigation Repairs 06/19	240.00	
Landscape Maintenance Professionals, Inc.	6/27/2019	144515	Irrigation Repairs 06/19	94.02	
Castle Management, LLC	6/30/2019	INS-0619-195	Insurance Reimbursement 06/19	966.95	
G4S Secure Solutions Inc.	6/30/2019	10569044	Security Services 06/24/19-06/30/19	2,046.08	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Hillsborough County BOCC		
7/1/2019		
0849701035 06/19		
6213 Covington Garden Drive 06/19		
68.57	
Hillsborough County BOCC		7/1/2019		2901278101 06/19		7024 Sail View Lane 06/19		308.18	
Hillsborough County BOCC		7/1/2019		4195480573 06/19		6500 Maiden Sea Drive 06/19		4.68	
Synergy FL		7/1/2019		116525		Security Monitoring - Fitness Center 06/19		54.95	
Hillsborough County BOCC		7/2/2019		9581654736 06/19		Summary Bill 06/19		2,346.63	
Tampa Electric Company		7/3/2019		221004037877 06/19		6212 Covington Garden 06/19		443.94	
Tampa Electric Company		7/3/2019		221006717294 06/19		6415 Waterset BL 06/19		1,099.93	
Tampa Electric Company		7/3/2019		Summary Bill 06/19		Summary Bill 06/19		3,333.86	
CIMA Energy Solutions, LLC		7/8/2019		23552444		Gas Sales 06/19		8.21	
Erin McCormick Law, P.A.		7/8/2019		10341		General Legal Services 06/19		2,618.50	
Castle Management, LLC		7/12/2019		PREIM07-05-19-215		Payroll - Period 06/15/19-06/28/19		6,024.95	
						
Total 001 - General Fund		
37,159.20	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Erin McCormick Law, P.A.		
5/1/2019		
CR293 Erin		
CR293 Series 2014		
693.50	
Erin McCormick Law, P.A.		5/10/2019		CR294 Erin McCormick		CR294 Series 2014		2,336.00	
Scarola Associates Engineering		7/3/2019		CR295 Scarola		CR295 Series 2014		380.02	
						
Total 301 - Capital Projects Fund S2014		
3,409.52	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Sysco West Coast Florida, Inc.		
6/19/2019		
WC 237588213		
Cafe Food/Beverages/Supplies 06/19		
1,428.23	
Castle Management, LLC		6/21/2019		PREIM06-21-19-216		Payroll - Period 06/01/19-06/14/19		4,559.14	
Sysco West Coast Florida, Inc.		6/26/2019		WC 237599896		Cafe Food/Beverages/Supplies 06/19		1,362.24	
Sysco West Coast Florida, Inc.		6/27/2019		WC 237600301		Supplies 06/19		16.68	
Sysco West Coast Florida, Inc.		6/27/2019		WC 237600302		Supplies 06/19		263.21	
Nu Vista Foods Group, Inc.		6/28/2019		WC 06281936		Cafe Food/Beverages/Supplies 06/19		237.08	
Florida Department of Revenue		6/30/2019		39-8015954075-8 06/19		Sales Tax Payable 06/19		1,363.45	
Castle Management, LLC		6/30/2019		INS-0619-195		Insurance Reimbursement 06/19		415.00	
Castle Management, LLC		7/12/2019		PREIM07-05-19-215		Payroll - Period 06/15/19-06/28/19		4,549.96	
						
Total 400 - Enterprise Fund		
14,194.99	

Report Total								
54,763.71	

Inflows:	Debt Proceeds	$	8,681,222.33		
	Underwriters Discount	213,300.00		
	Total Bond Proceeds:	8,894,522.33		
	
Interest Earnings	
271.52		
	Transfer from Revenue Account	12,726.82		
	Transfer from Reserve Account	25,999.77		
	Total Inflows:	$	8,933,520.44		

Outflows:				
Requisition Date	Requisition
Number	Contractor	
Amount	Status with Trustee As of 06/30/19	

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	
05/31/19	293	Erin McCormick Law	(693.50)	AP	
05/31/19	294	Erin McCormick Law	(2,336.00)	AP	

06/30/19	295	Scarola & Associates Engineering	(380.02)	AP

Total Requisitions:	(8,415,689.67)

Total Outflows:	(8,925,298.54)

Construction Account Balance at June 30, 2019	$	8,221.90

* 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
June 30, 2019

Balance Sheet

Trust statement activity has been recorded through 06/30/19.
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 #OMR0519-1 in the amount of $1,091.62 was received in July 2019.
Enterprise Fund – Payment for Invoice #Cafe0519-1 in the amount of $842.23 was received in July 2019.