NatureWalk Community Development District

Financial Statements (Unaudited)

May 31, 2018

Prepared by: Rizzetta & Company, Inc.

naturewalkcdd.org rizzetta.com

NatureWalk Community Development District
Balance Sheet As of 5/31/2018
(In Whole Numbers)

	
General Fund		
Debt Service Fund		
Capital Projects Fund		Total Governmental Funds		General Fixed Assets Account Group		General Long-Term Debt Account Group	

Assets
Cash In Bank	

294,236		

0		

0		

294,236		

0		

0	
Investments	10		751,308		569,536		1,320,854		0		0	
Accounts Receivable	201,593		7,713,356		0		7,914,949		0		0	
Bond Prepayments Receivable	0		0		0		0		0		0	
Allowance for Doubtful Accounts	(83,092)		(7,210,299)		(20,243)		(7,313,634)		0		0	
Accounts Receivable - Other	0		0		20,243		20,243		0		0	
Prepaid Expenses	0		0		0		0		0		0	
Deposits	1,540		0		0		1,540		0		0	
Due From Other Funds	0		0		0		0		0		0	
Amount Available in Debt Service	0		0		0		0		0		0	
Amount To Be Provided Debt Service	0		0		0		0		0		13,445,000	
Fixed Assets	0		0		0		0		16,262,493		0	
Total Assets	 	414,288 		 	1,254,366 		 	569,536 		 	2,238,189 		 	16,262,493 		 	13,445,000 	

Liabilities												
Accounts Payable	12,599		0		0		12,599		0		0	
Accrued Expenses Payable	657		0		0		657		0		0	
Retainage Payable	0		0		127,062		127,062		0		0	
Other Current Liabilities	0		0		0		0		0		0	
Deferred Revenue	0		0		0		0		0		0	
Due To Other Funds	0		0		0		0		0		0	
Debt Service Obligations - Current	0		9,842,372		0		9,842,372		0		0	
Revenue Bonds Payable--Long Term	0		0		0		0		0		13,445,000	
Total Liabilities	13,256		9,842,372		127,062		9,982,690		0		13,445,000	
Fund Equity & Other Credits Beginning Fund Balance	

265,273		

(8,101,112)		

1,809,479		

(6,026,360)		

16,262,493		

0	
Net Change in Fund Balance	135,758		(486,894)		(1,367,005)		(1,718,141)		0		0	
Total Fund Equity & Other Credits	401,032		(8,588,006)		442,473		(7,744,501)		16,262,493		0	

Total Liabilities & Fund Equity	 	414,288	 	1,254,366	 	569,536	 	2,238,189	 	16,262,493	 	13,445,000 

See Notes to Unaudited Financial Statements

Revenues
Interest Earnings
Interest Earnings	0	0	0	0	0.00%	
Special Assessments						
Tax Roll	231,239	231,239	232,913	1,673	(0.72)%	
Off Roll	 	70,711 	 	70,711 	 	70,711 	 	0 	 	0.00%	
Total Revenues	 	301,950 	 	301,950 	 	303,624 	 	1,674 	 	(0.55)%	

Expenditures
Legislative
Supervisor Fees	9,600	6,400	1,600	4,800	83.33%	
Financial & Administrative						
Administrative Services	4,500	3,000	3,000	0	33.33%	
District Management	14,700	9,800	9,800	0	33.33%	
District Engineer	2,500	1,667	260	1,407	89.60%	
Disclosure Report	5,000	5,000	5,000	0	0.00%	
Trustees Fees	7,000	7,000	0	7,000	100.00%	
Financial & Revenue Collections	8,600	7,400	7,400	0	13.95%	
Accounting Services	14,000	9,333	9,333	0	33.33%	
Auditing Services	3,170	0	0	0	100.00%	
Arbitrage Rebate Calculation	600	600	600	0	0.00%	
Public Officials Liability Insurance	3,000	3,000	2,250	750	25.00%	
Legal Advertising	2,000	1,333	326	1,007	83.70%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Hosting, Maintenance, Backup	2,475	1,650	1,400	250	43.43%	
Legal Counsel						
District Counsel	20,000	13,333	3,178	10,156	84.11%	
Electric Utility Services						
Utility Services	14,000	9,333	8,707	626	37.80%	
Stormwater Control						
Aquatic Maintenance	3,600	2,400	2,320	80	35.55%	
Wetland Monitoring & Maintenance	1,000	667	0	667	100.00%	
Stormwater System Maintenance	3,000	2,000	3,468	(1,468)	(15.58)%	
Aquatic Plant Replacement	1,430	953	0	953	100.00%	
Other Physical Environment						
General Liability Insurance	4,000	4,000	2,500	1,500	37.50%	
Property Insurance	3,000	3,000	704	2,296	76.53%	
Landscape Maintenance	77,000	51,333	48,199	3,135	37.40%	
Irrigation Repairs	5,000	3,333	5,688	(2,355)	(13.76)%	
Ornamental Lighting & Maintenance	1,000	667	0	667	100.00%	
Well Maintenance	500	333	0	333	100.00%	
Tree Triming Services	1,500	1,000	0	1,000	100.00%	
Annual Mulching	57,000	38,000	28,072	9,929	50.75%	
Landscape Replacement Plants, Shrubs, Trees	2,000	1,333	2,390	(1,057)	(19.50)%	
Miscellaneous Expense/Rust Prevention	5,000	3,333	3,170	163	36.60%	
Road & Street Facilities						

Street Light Decorative Light Maintenance	3,000	2,000	7,009	(5,009)	(133.63)%	
Street Sign Repair & Replacement	500	333	790	(457)	(58.00)%	
Sidewalk Repair & Maintenance	1,100	733	2,600	(1,867)	(136.36)%	
Roadway Repair & Maintenance	1,000	667	0	667	100.00%	
Parks & Recreation						
Boardwalk & Bridge Maintenance	 	20,000 		 	13,333 		 	7,927 		 	5,406 		 	60.36%	
Total Expenditures	 	301,950 		 	208,445 		 	167,865 		 	40,580 		 	44.41%	
Excess of Revenue Over (Under) Expenditures	0		93,505		135,758		42,254		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
93,505		
135,758		
42,254		
0.00%	

Fund Balance, Beginning of Period										
	0		0		265,273		265,273		0.00%	
Fund Balance, End of Period	 	0 		 	93,505 		 	401,032 		 	307,527 		 	0.00%	

Interest Earnings	0		4,307		4,307		0.00%	
Special Assessments								
Tax Roll	70,925		70,373		(552)		(0.77)%	
Off Roll	338,620		338,620		0		0.00%	
Total Revenues	409,545		413,300		3,755		0.92%	

Expenditures
Financial & Administrative
Trustees Fees	0	11,440	(11,440)	0.00% Legal Counsel
Trustee Counsel	0		4,421		(4,421)		0.00%	
Debt Service								
Interest	274,545		723,686		(449,141)		(163.59)%	
Principal	135,000		135,000		0		0.00%	
Total Expenditures	409,545		874,547		(465,001)		(113.54)%	

Excess of Revenue Over (Under) Expenditures	
0		
(461,246)		
(461,246)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(1,373)		(1,373)		0.00%	
SPE Costs	0		(24,275)		(24,275)		0.00%	
Total Other Financing Sources (Uses)	0		(25,648)		(25,648)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(486,894)		
(486,894)		
0.00%	

Fund Balance, Beginning of Period								
	0		(8,101,112)		(8,101,112)		0.00%	
Fund Balance, End of Period	 	0 		 	(8,588,006)		 	(8,588,006)		 	0.00%	

Interest Earnings	0		8,440		8,440		0.00%	
Total Revenues	0		8,440		8,440		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		1,376,818		(1,376,818)		0.00%	
Total Expenditures	0		1,376,818		(1,376,818)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
(1,368,378)		
(1,368,378)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		1,373		1,373		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		(1,367,005)		(1,367,005)		0.00%	

Fund Balance, Beginning of Period								
	0		1,809,479		1,809,479		0.00%	
Fund Balance, End of Period	 	0 		 	442,473 		 	442,473 		 	0.00%	

NatureWalk CDD Investment Summary May 31, 2018

	Balance as of		
Account

State Board of Administration	Investment

Local Government Investment Pool	May 31, 2018

$	

10	

Total General Fund Investments      $	10 

US Bank Series 2007A Interest	Fidelity Government Port Cl III	$	2
US Bank Series 2007B Interest	Fidelity Government Port Cl III	3
US Bank Series 2007A Reserve	Fidelity Government Port Cl III	170,803
US Bank Series 2007B Reserve	Fidelity Government Port Cl III	59,323
US Bank Series 2007A Prepayment	Fidelity Government Port Cl III	231,851
US Bank Series 2007AB Revenue	Fidelity Government Port Cl III	289,326

Total Debt Service Fund Investments     $	751,308 

US Bank Series 2007AB Construction	Fidelity Government Port Cl III	$	569,516
US Bank Series 2007AB KLP Contribution	Fidelity Government Port Cl III	20
Total Capital Project Fund Investments     $	569,536 

Summary A/R Ledger 001 - General Fund
From 5/1/2018 Through 5/31/2018

Invoice Date	Customer Name	Invoice Number	Current Balance

9/30/2015	New NatureWalk, LLC	ORA2009NW.NWD	83,092.16	
10/1/2017	Tax Collector - Walton County	FY 17-18	83,145.38	
11/11/2017	KLP Destin, LLC	321-18-01	35,355.27	
		
Total 001 - General Fund	
201,592.81	

Summary A/R Ledger 200 - Debt Service Fund
From 5/1/2018 Through 5/31/2018

Invoice Date	Customer Name	Invoice Number	Current Balance

11/25/2014	New NatureWalk, LLC	321-15-02	430,930.02	
9/30/2015	New NatureWalk, LLC	321-11-03	449,475.58	
9/30/2015	New NatureWalk, LLC	321-12-02	449,475.58	
9/30/2015	New NatureWalk, LLC	321-13-02R	430,928.68	
9/30/2015	New NatureWalk, LLC	321-14-02	430,928.68	
9/30/2015	New NatureWalk, LLC	ORA2009NW.NWD	451,554.49	
11/16/2015	New NatureWalk, LLC	321-16-02	205,750.40	
11/16/2015	New NatureWalk, LLC	321-16-03	4,361,255.34	
10/1/2016	New NatureWalk, LLC	321-17-02	205,750.40	
10/1/2017	Tax Collector - Walton County	FY 17-18	25,121.93	
11/11/2017	KLP Destin, LLC	321-18-01	66,434.81	
11/11/2017	New NatureWalk, LLC	321-18-02	205,750.40	
		
Total 200 - Debt Service Fund	
7,713,356.31	

Report Balance	7,914,949.12

Aged Payables by Invoice Date Aging Date - 5/1/2018
001 - General Fund
From 5/1/2018 Through 5/31/2018

Vendor Name		Invoice Date		Invoice Number		Invoice		Current Balance	

GateHouse Media DBA Northwest Florida Papers		
5/31/2018		
2030768-0518		
Acct# 2030768 Legal Advertising 05/18		
160.59	
Southeast Straw Co., Inc.		5/31/2018		22191		Nature Walk Commons 03/16/18		11,436.75	
GreenEarth Landscape Services LLC		5/31/2018		57989 CM		Monthly Landscape Maintenance Amenities 05/18		(1,139.87)	
Crystal Lynn Grimes		5/31/2018		CG053118		Board Of Supervisors Meeting 05/31/18		200.00	
CHELCO		5/31/2018		Electric Summary 05/18		CHELCO Electric Summary 05/18		1,341.13	
Lisa Davis Jones		5/31/2018		LJ053118		Board Of Supervisors Meeting 05/31/18		200.00	
Sharon L Drake		5/31/2018		SD053118		Board Of Supervisors Meeting 05/31/18		200.00	
Todd Schermerhorn		5/31/2018		TS053118		Board Of Supervisors Meeting 05/31/18		200.00	
						
Total 001 - General Fund		
12,598.60	

Report Total								
12,598.60	

Inflows:	Debt Proceeds - Series A & B	$	16,735,569.81		
	Underwriter Discount	400,000.00		
	Total Bond Proceeds:	17,135,569.81		
	Interest Earnings	174,189.96		
	KLP Construction	250,000.00		
	Sale of Construction Materials	3,000.00		
	Due from New NatureWalk, LLC	20,243.35		
	Record Allowance for Doubtful Accounts	(20,243.35)		
	Transfer from Cap I	32,987.35		
	Transfer from Reserves	6,113.63		
	Transfer from Prepayment B	3,336.99		
	Transfer from Sinking	55.96		
	Total Inflows:	  $	17,605,253.70 		
Outflows:				
Requisition	Requisition	Contractor	Amount	Status With Trustee	
Date	Number		as of 05/31/18	
03/12/07	COI	Underwriters Discount	$	(400,000.00)	Cleared	
03/12/07	COI	Nabors Giblin & Nickerson	(45,000.00)	Cleared	
03/12/07	COI	Holland & Knight	(5,250.00)	Cleared	
03/12/07	COI	Prager, Sealy & Co	(5,000.00)	Cleared	
03/12/07	COI	Rizzetta & Company, Inc.	(30,000.00)	Cleared	
03/12/07	COI	Rizzetta & Company, Inc.	(5,000.00)	Cleared	
03/12/07	COI	Hopping Green & Sams	(12,460.01)	Cleared	
05/06/07	COI	Hopping Green & Sams-Overpayment	3,886.11	Cleared	
03/12/07	COI	NatureWalk CDD	(13,425.49)	Cleared	
04/09/07	COI	Image Masters	(4,662.87)	Cleared	
04/18/07	4	Rizzetta & Co., Inc.	(3,500.00)	Cleared	
04/18/07	5	Rizzetta & Co., Inc.	(3,500.00)	Cleared	
06/15/07	COI	US Bank - Trustee Fees 3/07 to 2/08	(7,948.00)	Cleared	
08/14/07	COI	Nabors Giblin & Nickerson	(2,705.55)	Cleared	
	Total Cost of Issuance:	(534,565.81)		
03/14/07	1	NatureWalk Development Company, LLC	(13,305,760.19)	Cleared	
04/03/07	2	NatureWalk Development Company, LLC	(909,366.29)	Cleared	
04/18/07	3	Hopping Green & Sams	(374.00)	Cleared	
05/21/07	6	Hopping Green & Sams	(3,510.64)	Cleared	
06/18/07	7	Hopping Green & Sams	(472.50)	Cleared	
08/27/07	8	Hopping Green & Sams	(297.50)	Cleared	
09/17/07	9	Hopping Green & Sams	(966.25)	Cleared	
12/14/07	10	Hopping Green & Sams	(198.00)	Cleared	
01/14/08	11	Hopping Green & Sams	(1,072.75)	Cleared	
01/23/08	12	Hatch Mott MacDonald	(18,757.84)	Cleared	
02/20/08	13	Hopping Green & Sams	(2,431.87)	Cleared	
03/14/08	14	Hopping Green & Sams	(849.68)	Cleared	
04/16/08	15	Hopping Green & Sams	(2,715.91)	Cleared	
05/02/08	16	NatureWalk Community Development District	(4,566.60)	Cleared	

05/17/08	17	Hopping Green & Sams	(1,135.81)	Cleared	
06/18/08	18	Hopping Green & Sams	(1,601.49)	Cleared	
07/22/08	19	Hopping Green & Sams	(320.50)	Cleared	
07/28/08	20	Hopping Green & Sams	(751.07)	Cleared	
09/03/08	21	Hatch Mott MacDonald	(3,974.47)	Cleared	
10/13/08	22	Hopping Green & Sams	(1,572.22)	Cleared	
02/02/09	22	Hopping Green & Sams - partial refund of CR22	945.00	Cleared	
12/02/08	23	Hopping Green & Sams	(114.00)	Cleared	
02/25/09	24	Hopping Green & Sams	(106.00)	Cleared	
03/18/09	25	Hopping Green & Sams	(114.04)	Cleared	
03/31/09	26	Evergreen Landscaping & Maintenance	(16,527.50)	Cleared	
04/22/09	27	Hopping Green & Sams	(155.00)	Cleared	
06/30/09	28	Evergreen Landscaping & Maintenance	(16,527.50)	Cleared	
11/16/09	29	Hatch Mott MacDonald	(768.00)	Cleared	
03/15/10	30	Hopping Green & Sams	(1,780.50)	Cleared	
03/26/10	31	Hopping Green & Sams	(533.00)	Cleared	
04/13/10	32	Hopping Green & Sams	(41.00)	Cleared	
07/30/10	33	Hatch Mott MacDonald	(6,136.59)	Cleared	
04/26/11	34	Hopping Green & Sams	VOID	VOID	
06/30/11	35	Bridge Builders USA, Inc.	(50,219.49)	Cleared	
06/30/11	36	Emerald Coast Associates, Inc.	(8,070.00)	Cleared	
08/24/11	37	Bridge Builders USA, Inc.	(63,550.00)	Cleared	
10/12/11	38	Greenway Services, Inc.	(10,000.00)	Cleared	
11/29/11	39	Greenway Services, Inc. - paid from KLP Contribution Account	(18,784.55)	Cleared	
12/13/11	40	Hopping Green & Sams	VOID	VOID	
12/31/11	41	Greenway Services, Inc.	(4,199.97)	Cleared	
12/31/11	42	Sikes Concrete, Inc.	(3,594.00)	Cleared	
03/20/12	43	Triangle Construction	(18,575.00)	Cleared	
04/19/12	44	Sikes Concrete, Inc.	(1,462.00)	Cleared	
06/11/12	45	Sikes Concrete, Inc.	(1,670.00)	Cleared	
07/01/12	46	NatureWalk Community Development District	(9,054.88)	Cleared	
06/30/12	47	GreenEarth Landscape Services, LLC	(8,722.84)	Cleared	
07/31/12	48	GreenEarth Landscape Services, LLC	(20,578.27)	Cleared	
08/28/12	49	GreenEarth Landscape Services, LLC	(5,409.00)	Cleared	
12/06/12	50	GreenEarth Landscape Services, LLC	(11,627.00)	Cleared	
01/15/13	51	GreenEarth Landscape Services, LLC	(1,235.00)	Cleared	
08/02/13	53	GreenEarth Landscape Services	(7,225.00)	Cleared	
08/20/13	54	Greenway Services, Inc.	(6,146.94)	Cleared	
09/17/13	55	GreenEarth Landscape Services	(23,075.00)	Cleared	
09/20/13	56	Greenway Services, Inc.	(8,846.94)	Cleared	
10/01/13	57	BoardwalkDesigns	(2,513.35)	Cleared	
10/01/13	58	GreenEarth Landscape Services	(2,300.00)	Cleared	
10/29/13	59	Chelco Services, Inc.	(2,342.90)	Cleared	
11/06/13	60	GreenEarth Landscape Services	(9,020.00)	Cleared	
11/18/13	61	Greenway Services, Inc.	(2,699.52)	Cleared	
12/16/13	62	GreenEarth Landscape Services	(5,950.00)	Cleared	
01/29/14	63	GreenEarth Landscape Services	(20,585.00)	Cleared	

02/13/14	64	GreenEarth Landscape Services		(5,656.00)	Cleared	
03/26/14	65	GreenEarth Landscape Services		(10,945.00)	Cleared	
05/14/14	66	BoardwalkDesigns		(773.50)	Cleared	
05/21/14	67	GreenEarth Landscape Services		(7,042.00)	Cleared	
07/09/14	68	GreenEarth Landscape Services		(5,570.00)	Cleared	
10/13/14	69	GreenEarth Landscape Services		(1,950.00)	Cleared	
09/30/14	70	GreenEarth Landscape Services		(4,329.00)	Cleared	
09/30/14	71	GreenEarth Landscape Services		(2,775.00)	Cleared	
12/11/14	72	GreenEarth Landscape Services		(7,885.00)	Cleared	
05/31/17	73	Hopping Green & Sams		(11,399.58)	Cleared	
06/20/17	74	GAC Contractors		(15,952.50)	Cleared	
06/30/17	75	Hopping Green & Sams		(1,891.00)	Cleared	
07/25/17	76	Greenway Services, Inc.		(18,900.00)	Cleared	
07/25/17	77	Hopping Green & Sams		(1,442.00)	Cleared	
07/31/17	78	Innerlight Engineering Corporation		(6,370.00)	Cleared	
08/22/17	79	Greenway Services, Inc.		(18,900.00)	Cleared	
08/22/17	80	Hopping Green & Sams		(718.50)	Cleared	
08/22/17	81	Kolter Signature Homes LLC		(7,420.00)	Cleared	
09/22/17	82	GAC Contractors		(159,426.00)	Cleared	
09/22/17	83	Greenway Services, Inc.		(24,675.00)	Cleared	
09/22/17	84	Hopping Green & Sams		(481.03)	Cleared	
09/30/17	85	GAC Contractors		(112,410.00)	Cleared	
09/30/17	86	Greenway Services, Inc.		(41,675.00)	Cleared	
10/19/17	87	GreenEarth Landscape Services		(81,308.00)	Cleared	
10/19/17	88	Greenway Services, Inc.		(31,080.00)	Cleared	
11/09/17	89	Cedillos Coastal Painting, Inc.		(3,000.00)	Cleared	
11/09/17	90	GAC Contractors		(92,497.50)	Cleared	
11/09/17	91	Innerlight Engineering Corporation		(3,700.00)	Cleared	
12/13/17	92	GAC Contractors		(261,765.00)	Cleared	
12/13/17	93	The Lake Doctors, Inc.		VOID	VOID	
12/13/17	94	Southland Utility Services, Inc.		(24,177.90)	Cleared	
01/12/18	95	Ferguson Enterprises		(18,804.30)	Cleared	
01/12/18	96	GreenEarth Landscape Services		(42,710.00)	Cleared	
01/31/18	97	Greenway Services, Inc.		(26,208.00)	Cleared	
01/31/18	98	Hopping Green & Sams		(373.50)	Cleared	
02/28/18	99	GAC Contractors		(232,605.00)	Cleared	
04/30/18	100	VOID		VOID	VOID	
04/30/18	101	VOID		VOID	VOID	
04/30/18	102	Innerlight Engineering Corporation		(8,210.00)	Cleared	
04/30/18	103	GAC Contractors		(186,204.22)	Cleared	
04/30/18	104	GAC Contractors		(82,700.87)	Cleared	
04/30/18	105	GreenEarth Landscape Services		(51,445.02)	Cleared	
04/30/18	106	Greenway Services, Inc.		(102,966.00)	Cleared	
			Total Requisitions:	(16,348,351.78)		

06/27/08		US Bank Trustee Fees (3/08 - 2/09)	(5,926.25)	Cleared	
08/19/10		Hines Interests LP - Asset Management Firm Travel/Office Exp	(37,276.27)	Cleared	
11/19/10		Hines Interests LP - Asset Management Firm	(4,450.00)	Cleared	
06/27/11		Transferred to New NatureWalk LLC per Bondholders	(400,000.00)	Cleared	
04/26/13		Transferred from New NatureWalk LLC per Bondholders	379,756.65	Cleared	
06/30/13	52	NatureWalk Community Development District	(84,924.51)	Cleared	
		Retainage Payable:	(127,062.34)		
		Total Outflows:	(17,162,800.31)		

Construction Account Balance at May 31, 2018	 $	442,453.39 

Outstanding Contracts:
GAC Contractors	5,200.00

Contract Sub Total:	5,200.00

Committed Funds to be Contributed by Developer  $	52,984.92

* Per the Forbearance Agreement dated 02/25/11 between the District, the Trustee, and the Developer, the District shall have the right to access only $1,960,000 of construction funds for the completion of the 211 Lot and 57 Lot Infrastructure. The Developer, KLP Destin, LLC, agrees to fund all additional amounts necessary to complete the project. The balance of the construction funds available is reflected in Uncommitted Funds Available.

Capital Improvement Revenue - Series 2007 A & B

 KLP Contribution Account Activity Through May 31, 2018	

Inflows:	KLP Contribution	$	205,520.00		
	General Fund FY10-11 Surplus transferred per Budget Amendment	44,480.00		
	From NatureWalk Construction, per terms of Forbearance Amendment	84,924.51		
	Interest Earnings	39.83		
	Total Inflows:	  $	334,964.34 		

Outflows: Requisition	

Requisition	Contractor	

Amount	

Status With Trustee	
Date	Number		as of 05/31/18	

06/15/11	
KLP 1	Chelco	
$	(120,607.88)	
Cleared	
06/15/11	KLP 2	Bridge Builders USA, Inc.	(66,971.90)	Cleared	
07/22/11	KLP 3	Bridge Builders USA, Inc.	(17,952.61)	Cleared	
11/29/11	39	Greenway Services, Inc. - paid from KLP account in error	(18,784.55)	Cleared	
02/29/12	39	Funds transferred from Construction account to replenish	18,784.55	Cleared	
03/31/12	KLP 4	GreenEarth Landscape Services, LLC	(43,609.84)	Cleared	
06/30/13	KLP 5	GreenEarth Landscape Services, LLC	(4,500.00)	Cleared	
07/26/13	KLP 6	KLP Destin, LLC	(64,965.00)	Cleared	
10/29/13	KLP 7	Chelco Services, Inc.	(16,337.06)	Cleared	
Total Requisitions:	(334,944.29)		

Total Outflows:	
(334,944.29)		

Funds Available in KLP Contribution Account at May 31, 2018	
  $	20.05 		

NatureWalk Community Development District Notes to Unaudited Financial Statements
May 31, 2018

Balance Sheet

Trust statement activity has been recorded through 05/31/18.
See EMMA (Electronic Municipal Market Access) at https://emma.msrb.org for Municipal Disclosures and Market Data.
Debt Service Obligations - Current, represents scheduled Series 2007 Debt Service payments that were not made for May 2015 – May 2018.

Statement of Revenue and Expenditures – Debt Service Fund

The scheduled Series 2007 Debt Service payments that were not paid have been accrued and are reflected in the accompanying Balance Sheet.

Summary A/R Ledger – Payment Terms

Payment terms for landowner assessments are (a) defined in the FY17-18 Assessment Resolution adopted by the Board of Supervisors, (b) pursuant to Florida Statutes, Chapter 197 for assessments levied via the county tax roll.