Waterset North Community Development District

Financial Statements (Unaudited)

July 31, 2019

Prepared by: Rizzetta & Company, Inc.

watersetnorthcdd.org rizzetta.com

Waterset North Community Development District
Balance Sheet As of 7/31/2019
(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	82,166		0		0		0		32,939		115,105		0		0	
Cash On Hand	0		0		0		0		300		300		0		0	
Investments	471,815		0		1,591,127		9,566		0		2,072,508		0		0	
Investments - Reserves	0		116,911		0		0		0		116,911		0		0	
Accounts Receivable	5,507		0		17,291		0		1,132		23,930		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	166		0		0		0		0		166		0		0	
Amount Available in Debt Service	0		0		0		0		0		0		0		1,608,417	
Amount To Be Provided Debt Service	0		0		0		0		0		0		0		14,866,583	
Fixed Assets	0		0		0		0		0		0		55,790,783		0	
Total Assets	 	579,798		 	116,911		 	1,608,417		 	9,566		 	34,871		 	2,349,564		 	55,790,783		 	16,475,000	

Liabilities																
Accounts Payable	27,642		0		0		0		16,159		43,801		0		0	
Retainage Payable	0		0		0		0		0		0		0		0	
Accrued Expenses Payable	8,216		0		0		0		0		8,216		0		0	
Other Current Liabilities	0		0		0		0		0		0		0		0	
Due To Other Funds	0		0		0		0		166		166		0		0	
Revenue Bonds Payable--Long Term	0		0		0		0		0		0		0		16,475,000	
Total Liabilities	35,858		0		0		0		16,325		52,183		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	186,917		53,958		(237,463)		3,319		10,711		17,443		0		0	
Total Fund Equity & Other Credits	543,940		116,911		1,608,417		9,566		18,547		2,297,381		55,790,783		0	

Total Liabilities & Fund Equity	
 	579,798		
 	116,911		
 	1,608,417		
 	9,566		
 	34,871		
 	2,349,564		
 	55,790,783		
 	16,475,000	

See Notes to Unaudited Financial Statements.

Revenues
Interest Earnings
Interest Earnings	0	0	5,656	5,656	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	27,440	27,440	0	16.66%	
Other Miscellaneous Revenues						
Miscellaneous	0		0		1,039		1,039		0.00%	
Total Revenues	1,545,709		1,540,221		1,562,677		22,456		(1.10)%	

Expenditures
Legislative
Supervisor Fees	9,600	8,000	6,400	1,600	33.33%	
Financial & Administrative						
Administrative Services	4,800	4,000	4,000	0	16.66%	
District Management	24,180	20,150	20,150	0	16.66%	
District Engineer	2,364	1,970	0	1,970	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	4,167	4,167	0	16.66%	
Accounting Services	18,000	15,000	15,000	0	16.66%	
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	417	1,084	(668)	(116.85)%	
Miscellaneous Mailing	0	0	1,716	(1,716)	0.00%	
Dues, Licenses & Fees	525	175	911	(736)	(73.52)%	
Miscellaneous Fees	0	0	500	(500)	0.00%	
Website Hosting, Maintenance, Backup	2,100	1,750	1,750	0	16.66%	
Legal Counsel						
District Counsel	20,000	16,667	31,019	(14,352)	(55.09)%	
Security Operations						
Security Services and Patrols	70,000	58,333	46,362	11,971	33.76%	
Electric Utility Services						
Utility Services	10,000	8,333	11,389	(3,056)	(13.88)%	
Utility - Recreation Facilities	22,000	18,333	19,120	(786)	13.09%	

Street Lights	75,000	62,500	5,779	56,721	92.29%	
Gas Utility Services						
Utility - Recreation Facilities	14,000	11,667	9,936	1,731	29.02%	
Garbage/Solid Waste Control Services						
Garbage - Recreation Facility	5,500	4,583	6,535	(1,952)	(18.81)%	
Water-Sewer Combination Services						
Utility Services	8,000	6,667	5,449	1,218	31.89%	
Utility - Reclaimed	15,000	12,500	19,728	(7,228)	(31.51)%	
Stormwater Control						
Lake/Pond Bank Maintenance	5,000	4,167	1,097	3,070	78.06%	
Aquatic Maintenance	47,520	39,600	41,635	(2,035)	12.38%	
Wetland Monitoring & Maintenance	7,500	6,250	2,700	3,550	64.00%	
Wetland Maintenance	5,000	4,167	2,162	2,005	56.76%	
Aquatic Plant Enhancement	5,000	4,167	4,801	(634)	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	833	295	538	70.50%	
Landscape Maintenance	700,000	583,333	598,387	(15,054)	14.51%	
Irrigation Repairs	15,000	12,500	21,232	(8,732)	(41.54)%	
Landscape Replacement Plants, Shrubs, Trees	35,000	29,167	20,165	9,002	42.38%	
Landscape Mulch	85,000	70,833	60,280	10,553	29.08%	
Field Operations	9,000	7,500	7,500	0	16.66%	
Fire Ant Treatment	3,200	2,667	0	2,667	100.00%	
Road & Street Facilities						
Sidewalk Repair & Maintenance	1,000	833	0	833	100.00%	
Street Sign Repair & Replacement	3,000	2,500	6,245	(3,745)	(108.16)%	
Parks & Recreation						
Management Contract	155,000	129,167	146,811	(17,645)	5.28%	
Vehicle Maintenance	1,500	1,250	137	1,113	90.85%	
Fitness Equipment Maintenance & Repairs	3,000	2,500	290	2,210	90.33%	
Pest Control	1,500	1,250	2,924	(1,674)	(94.93)%	
Pool Permits	1,000	1,000	425	575	57.50%	
Facility A/C & Heating Maintenance & Repair	4,000	3,333	2,429	905	39.28%	

Pool Service Contract	18,000	15,000	15,000	0	16.66%	
Pool Repairs	8,000	6,667	2,582	4,085	67.72%	
Maintenance & Repairs	10,000	8,333	17,325	(8,992)	(73.24)%	
Telephone, Fax, Internet	11,940	9,950	10,219	(269)	14.41%	
Clubhouse - Facility Janitorial Service	23,700	19,750	18,108	1,642	23.59%	
Clubhouse - Facility Janitorial Supplies	3,000	2,500	1,517	983	49.42%	
Window Cleaning	5,308	4,423	3,414	1,009	35.68%	
Computer Support, Maintenance & Repair	500	417	0	417	100.00%	
Security System Monitoring & Maintenance	3,500	2,917	1,579	1,338	54.88%	
Furniture Repair/Replacement	4,000	3,333	1,653	1,680	58.66%	
Clubhouse Miscellaneous Expense	3,000	2,500	7,769	(5,269)	(158.96)%	
Trail/Bike Path Maintenance	1,500	1,250	1,125	125	25.00%	
Playground Equipment & Maintenance	5,000	4,167	6,020	(1,853)	(20.40)%	
Access Control Maintenance & Repair	2,500	2,083	13,999	(11,916)	(459.95)%	
Athletic/Park Court/Field Repairs	1,500	1,250	0	1,250	100.00%	
Office Supplies	2,000	1,667	92	1,575	95.40%	
Facility Funding	106,474	88,728	88,728	0	16.66%	
Contingency						
Miscellaneous Contingency	9,626		8,022		4,500		3,522		53.25%	
Total Expenditures	1,672,080		1,402,428		1,375,760		26,668		17.72%	

Excess of Revenue Over (Under) Expenditures	
(126,371)		
137,793		
186,917		
49,124		
247.91%	

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		264,164		186,917		(77,247)		0.00%	

Fund Balance, Beginning of Period										
	0		0		357,023		357,023		0.00%	
Fund Balance, End of Period	 	0		 	264,164		 	543,940		 	279,776		 	0.00%	

Tax Roll	52,493		52,493		0		0.00%	
Total Revenues	52,493		53,958		1,465		2.79%	

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		
53,958		
53,958		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
53,958		
53,958		
0.00%	

Fund Balance, Beginning of Period								
	0		62,953		62,953		0.00%	
Fund Balance, End of Period	 	0		 	116,911		 	116,911		 	0.00%	

Tax Roll	490,598		495,638		5,040		1.02%	
Total Revenues	490,598		504,201		13,603		2.77%	

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		
10,353		
10,353		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
10,353		
10,353		
0.00%	

Fund Balance, Beginning of Period								
	0		413,727		413,727		0.00%	
Fund Balance, End of Period	 	0		 	424,080		 	424,080		 	0.00%	

201 - Debt Service Fund S2014 From 10/1/2018 Through 7/31/2019 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		22,269		22,269		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		733,845		29,234		4.15%	

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		
(228,998)		
(228,998)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(18,818)		(18,818)		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		(247,816)		(247,816)		0.00%	

Fund Balance, Beginning of Period								
	0		1,432,154		1,432,154		0.00%	
Fund Balance, End of Period	 	0		 	1,184,338		 	1,184,338		 	0.00%	

301 - Capital Projects Fund S2014 From 10/1/2018 Through 7/31/2019 (In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings								
Interest Earnings	0		194		194		0.00%	
Total Revenues	0		194		194		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		
(15,498)		
(15,498)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		18,818		18,818		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		3,319		3,319		0.00%	

Fund Balance, Beginning of Period								
	0		6,247		6,247		0.00%	
Fund Balance, End of Period	 	0		 	9,566		 	9,566		 	0.00%	

400 - Enterprise Fund
From 10/1/2018 Through 7/31/2019
(In Whole Numbers)

Annual Budget

Percent Annual Budget
YTD Budget	YTD Actual	YTD Variance	Remaining

 	 	 	 	

Revenues
Other Miscellaneous Revenues
Food	80,376		66,980		82,672		15,692		(2.85)%	
Beverages	25,000		20,833		17,463		(3,370)		30.14%	
Alcoholic Beverages	16,000		13,333		8,417		(4,916)		47.39%	
Builder Relations	7,000		5,833		8,202		2,369		(17.17)%	
Facility Funding	106,474		88,728		88,728		0		16.66%	
Total Revenues	234,850		195,708		205,483		9,774		12.50%	

Expenditures
Financial & Administrative
Bank Fees	8,000	6,667	8,999	(2,332)	(12.48)%	
Dues, Licenses & Fees	500	250	277	(27)	44.60%	
Miscellaneous Fees	100	83	0	83	100.00%	
Parks & Recreation						
Management Contract	155,000		129,167		107,937		21,230		30.36%	
Cafe Marketing & Consulting	1,000		833		1,065		(232)		(6.51)%	
Maintenance & Repairs	2,500		2,083		3,232		(1,149)		(29.29)%	
Facility Supplies	12,000		10,000		12,409		(2,409)		(3.41)%	
Food	40,000		33,333		43,871		(10,538)		(9.67)%	
Beverage	15,000		12,500		16,396		(3,896)		(9.30)%	
Computer Support, Maintenance & Repair	250		208		503		(295)		(101.21)%	
Office Supplies	500		417		81		335		83.73%	
Total Expenditures	234,850		195,542		194,771		770		17.07%	

Excess of Revenue Over (Under) Expenditures	
0		
167		
10,711		
10,545		
0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
167		
10,711		
10,545		
0.00%	

Fund Balance, Beginning of Period										
	0		0		7,835		7,835		0.00%	
Fund Balance, End of Period	 	0		 	167		 	18,547		 	18,380		 	0.00%	

Waterset North CDD Investment Summary July 31, 2019

Balance as of
Account	Investment	July 31, 2019

The Bank of Tampa	Business Money Market	$	248,599	
The Bank of Tampa ICS Program:				
The Huntington National Bank	Money Market		128,507	
The Park National Bank	Money Market		94,709	

Total General Fund Investments      $	471,815 

The Bank of Tampa ICS Program:
NexBank, SSB	Money Market

$	46

The Huntington National Bank	Money Market	116,843
The Park National Bank	Money Market	22
Total Reserve Fund Investments     $	116,911 

US Bank Series 2014 Revenue	First American Treasury Obligation Fund Class Z	$	440,110	
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		4,299	
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		176,377	

Total Debt Service Fund Investments     $	1,591,127 

US Bank Series 2014 Acquisition & Construc First American Treasury Obligation Fund Class Z	$	9,566

Total Capital Project Fund Investments     $	9,566 

Invoice Date		Customer Name		Invoice Number		Current Balance	

12/26/2018		
Waterset Homeowners Association, Inc.		
OMR1218-3		
1,036.65	
6/30/2019		Waterset Homeowners Association, Inc.		OMR0619-3		1,640.76	
7/24/2019		NNP - Southbend II, LLC		OMR0719-01		2,829.75	
				
Total 001 - General Fund		
5,507.16	

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

7/31/2019	NNP - Southbend II, LLC	Cafe0719-1	1,132.38

Total 400 - Enterprise Fund

1,132.38

Report Balance	23,930.16

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	7/15/2019	3907199	(200) CA-Clam Prox, (200) CA-AdBak20 & Ribbon 07/19	582.07	
Hillsborough County BOCC	7/18/2019	0761919834 07/19	6651 Waterset Blvd 07/19	422.22	
Castle Management, LLC	7/19/2019	PREIM07-19-19-213	Payroll - Period 06/29/19-07/12/19	6,409.70	
Times Publishing Company	7/19/2019	800466 07/19/19	Legal Advertising Account #107056 07/19	587.00	
De Lage Landen Financial Services, Inc.	7/20/2019	64392822	Cannon Copier Lease 07/19	259.00	
Landscape Maintenance Professionals, Inc.	7/24/2019	145317	Irrigation Repairs 07/19	425.00	
Landscape Maintenance Professionals, Inc.	7/24/2019	145319	Irrigation Repairs 07/19	49.52	
Times Publishing Company	7/26/2019	800466 07/26/19	Legal Advertising Account #107056 07/19	497.25	
Erin McCormick Law, P.A.	7/29/2019	10343	General Legal Services 07/19	3,240.57	
Landscape Maintenance Professionals, Inc.	7/30/2019	145601	Plant Replacement Behind Homes on Shadowlake 07/19	68.75	
Landscape Maintenance Professionals, Inc.	7/30/2019	145602	Plant Replacement Beds on Porkchop Island 07/19	178.75	
Payne Air Conditioning and Heating, Inc.	7/31/2019	639743	A/C Repair Service 07/19	100.00	
Rizzetta & Company, Inc.	7/31/2019	INV0000042503	Mass Mail 07/19	1,716.26	
Castle Management, LLC	7/31/2019	CELL-0719-124	Cellular & Beepers 07/19	49.99	
Castle Management, LLC	7/31/2019	INS-0719-194	Insurance Reimbursement 07/19	1,070.70	
Hillsborough County BOCC	8/1/2019	0849701035 07/19	6213 Covington Garden Drive 07/19	89.30	
Hillsborough County BOCC	8/1/2019	2901278101 07/19	7024 Sail View Lane 07/19	370.24	
Hillsborough County BOCC	8/1/2019	4195480573 07/19	6500 Maiden Sea Drive 07/19	4.69	
Synergy FL	8/1/2019	119345	Security Monitoring - Fitness Center 07/19	54.95	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Tampa Electric Company		
8/2/2019		
221006236519 07/19		
6398 Paseo Al Mar BL Irrigation 07/19		
19.92	
Tampa Electric Company		8/2/2019		221006717294 07/19		6415 Waterset BL 07/19		1,099.93	
Tampa Electric Company		8/2/2019		Summary Bill 07/19		Summary Bill 07/19		3,434.72	
Castle Management, LLC		8/2/2019		PREIM08-02-19-215		Payroll - Period 07/13/19-07/26/19		6,925.66	
CIMA Energy Solutions, LLC		8/8/2019		89018277		Gas Sales 07/19		8.02	
						
Total 001 - General Fund		
27,642.41	

Vendor Name		Invoice Date		Invoice Number		Invoice Description		Current Balance	

Sysco West Coast Florida, Inc.		
5/22/2019		
WC 237540787		
Cafe Food/Beverages/Supplies 05/19		
1,170.77	
Sysco West Coast Florida, Inc.		6/1/2019		WC 237558794		Cafe Food/Beverages/Supplies 06/19		91.53	
Hawkins Service Company		7/19/2019		196173		Cafe Electrical Repair 07/19		225.00	
Castle Management, LLC		7/19/2019		PREIM07-19-19-213		Payroll - Period 06/29/19-07/12/19		5,381.26	
Sysco West Coast Florida, Inc.		7/25/2019		WC 237649021		Supplies 07/19		193.31	
Sysco West Coast Florida, Inc.		7/26/2019		WC 237651649		Cafe Food/Beverages/Supplies 07/19		621.44	
Hedrick Air, LLC		7/29/2019		11160		A/C Repairs 07/19		190.00	
Castle Management, LLC		7/31/2019		INS-0719-194		Insurance Reimbursement 07/19		415.00	
Sysco West Coast Florida, Inc.		7/31/2019		WC 237660154		Cafe Food/Beverages/Supplies 07/19		1,115.31	
Florida Department of Revenue		7/31/2019		39-8015954075-8 07/19		Sales Tax Payable 07/19		1,399.70	
Castle Management, LLC		8/2/2019		PREIM08-02-19-215		Payroll - Period 07/13/19-07/26/19		5,355.76	
						
Total 400 - Enterprise Fund		
16,159.08	

Report Total								
43,801.49	

Inflows:	Debt Proceeds	$	8,681,222.33		
	Underwriters Discount	213,300.00		
	Total Bond Proceeds:	8,894,522.33		
	
Interest Earnings	
292.56		
	Transfer from Revenue Account	12,726.82		
	Transfer from Reserve Account	27,323.20		
	Total Inflows:	$	8,934,864.91		

Outflows:				
Requisition Date	Requisition
Number	Contractor	
Amount	Status with Trustee As of 07/31/19	

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

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

Total Requisitions:	(8,415,689.67)

Total Outflows:	(8,925,298.54)

Construction Account Balance at July 31, 2019	$	9,566.37

* 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
July 31, 2019

Balance Sheet

Trust statement activity has been recorded through 07/31/19.
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 #OMR0719-1 in the amount of $2,829.75 was received in August 2019.
Debt Service Fund – Payment for Invoice #435-19-01 in the amount of $8,104.95 was received in August 2019.