NatureWalk Community Development District

Financial Statements (Unaudited)

June 30, 2018

Prepared by: Rizzetta & Company, Inc.

naturewalkcdd.org rizzetta.com

NatureWalk Community Development District
Balance Sheet As of 6/30/2018
(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	386,194		0		0		386,194		0		0	
Investments	10		739,644		570,462		1,310,117		0		0	
Accounts Receivable	118,447		7,688,234		0		7,806,682		0		0	
Bond Prepayments Receivable	0		0		0		0		0		0	
Allowance for Doubtful Accounts	(83,092)		(7,416,049)		(20,243)		(7,519,385)		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		28,281		0		28,281		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	 	423,100		 	1,040,110		 	570,462		 	2,033,673		 	16,262,493		 	13,445,000	

Liabilities												
Accounts Payable	1,065		0		0		1,065		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	28,281		0		0		28,281		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	30,003		9,842,372		127,062		9,999,437		0		13,445,000	

Fund Equity & Other Credits												
Beginning Fund Balance	265,273		(8,306,863)		1,809,479		(6,232,111)		16,262,493		0	
Net Change in Fund Balance	127,824		(495,399)		(1,366,078)		(1,733,654)		0		0	
Total Fund Equity & Other Credits	393,097		(8,802,262)		443,400		(7,965,765)		16,262,493		0	

Total Liabilities & Fund Equity	 	423,100	 	1,040,110	 	570,462	 	2,033,673	 	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	243,369	12,130	(5.24)%	
Off Roll	 	70,711	 	70,711	 	70,711	 	0	 	0.00%	
Total Revenues	 	301,950	 	301,950	 	314,080	 	12,130	 	(4.02)%	

Expenditures
Legislative
Supervisor Fees	9,600	7,200	1,600	5,600	83.33%	
Financial & Administrative						
Administrative Services	4,500	3,375	3,375	0	25.00%	
District Management	14,700	11,025	11,025	0	25.00%	
District Engineer	2,500	1,875	1,440	435	42.40%	
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	7,700	7,700	0	10.46%	
Accounting Services	14,000	10,500	10,500	0	24.99%	
Auditing Services	3,170	3,170	0	3,170	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	1,500	326	1,174	83.70%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Hosting, Maintenance, Backup	2,475	1,856	1,575	281	36.36%	
Legal Counsel						
District Counsel	20,000	15,000	3,178	11,823	84.11%	
Electric Utility Services						
Utility Services	14,000	10,500	9,772	728	30.20%	
Stormwater Control						
Aquatic Maintenance	3,600	2,700	2,610	90	27.50%	
Wetland Monitoring & Maintenance	1,000	750	0	750	100.00%	
Stormwater System Maintenance	3,000	2,250	3,468	(1,218)	(15.58)%	
Aquatic Plant Replacement	1,430	1,073	0	1,073	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	57,750	54,223	3,527	29.58%	
Irrigation Repairs	5,000	3,750	5,688	(1,938)	(13.76)%	
Ornamental Lighting & Maintenance	1,000	750	0	750	100.00%	
Well Maintenance	500	375	0	375	100.00%	
Tree Triming Services	1,500	1,125	0	1,125	100.00%	
Annual Mulching	57,000	42,750	28,072	14,679	50.75%	
Landscape Replacement Plants, Shrubs, Trees	2,000	1,500	2,390	(890)	(19.50)%	
Miscellaneous Expense/Rust Prevention	5,000	3,750	3,170	580	36.60%	
Road & Street Facilities						

Street Light Decorative Light Maintenance	3,000	2,250	7,009	(4,759)	(133.63)%	
Street Sign Repair & Replacement	500	375	790	(415)	(58.00)%	
Sidewalk Repair & Maintenance	1,100	825	2,600	(1,775)	(136.36)%	
Roadway Repair & Maintenance	1,000	750	0	750	100.00%	
Parks & Recreation						
Boardwalk & Bridge Maintenance	 	20,000		 	15,000		 	14,517		 	483		 	27.41%	
Total Expenditures	 	301,950		 	234,199		 	186,256		 	47,943		 	38.32%	
Excess of Revenue Over (Under) Expenditures	0		67,751		127,824		60,073		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
67,751		
127,824		
60,073		
0.00%	

Fund Balance, Beginning of Period										
	0		0		265,273		265,273		0.00%	
Fund Balance, End of Period	 	0		 	67,751		 	393,097		 	325,346		 	0.00%	

Statement of Revenues and Expenditures 200 - Debt Service Fund
From 10/1/2017 Through 6/30/2018
(In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		5,178		5,178		0.00%	
Special Assessments								
Tax Roll	70,925		73,533		2,607		3.67%	
Off Roll	338,620		338,620		0		0.00%	
Total Revenues	409,545		417,331		7,785		1.90%	

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%	
Other Physical Environment								
General Liability Insurance	0		269		(269)		0.00%	
Total Expenditures	409,545		874,816		(465,270)		(113.61)%	

Excess of Revenue Over (Under) Expenditures	
0		
(457,485)		
(457,485)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(1,639)		(1,639)		0.00%	
SPE Costs	0		(36,275)		(36,275)		0.00%	
Total Other Financing Sources (Uses)	0		(37,914)		(37,914)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(495,399)		
(495,399)		
0.00%	

Fund Balance, Beginning of Period								
	0		(8,306,863)		(8,306,863)		0.00%	
Fund Balance, End of Period	 	0		 	(8,802,262)		 	(8,802,262)		 	0.00%	

Interest Earnings	0		9,100		9,100		0.00%	
Total Revenues	0		9,100		9,100		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		
(1,367,718)		
(1,367,718)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		1,639		1,639		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		(1,366,078)		(1,366,078)		0.00%	

Fund Balance, Beginning of Period								
	0		1,809,479		1,809,479		0.00%	
Fund Balance, End of Period	 	0		 	443,400		 	443,400		 	0.00%	

NatureWalk CDD Investment Summary June 30, 2018

	Balance as of		
Account

State Board of Administration	Investment

Local Government Investment Pool	June 30, 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	170,804
US Bank Series 2007B Reserve	Fidelity Government Port Cl III	59,323
US Bank Series 2007A Prepayment	Fidelity Government Port Cl III	232,119
US Bank Series 2007AB Revenue	Fidelity Government Port Cl III	277,393

Total Debt Service Fund Investments     $	739,644 

US Bank Series 2007AB Construction	Fidelity Government Port Cl III	$	570,442
US Bank Series 2007AB KLP Contribution	Fidelity Government Port Cl III	20
Total Capital Project Fund Investments     $	570,462 

Summary A/R Ledger 001 - General Fund

Invoice Date		From 6/1/2018 Through 6/30/2018

Customer Name	Invoice Number		

Current Balance	

9/30/2015		
New NatureWalk, LLC	ORA2009NW.NWD		
83,092.16	
11/11/2017		KLP Destin, LLC	321-18-01		35,355.27	
		
Total 001 - General Fund		
118,447.43	

Summary A/R Ledger 200 - Debt Service Fund

Invoice Date		From 6/1/2018 Through 6/30/2018

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	
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		
7,688,234.38	

Report Balance	7,806,681.81

Aged Payables by Invoice Date Aging Date - 6/1/2018
001 - General Fund
From 6/1/2018 Through 6/30/2018

Vendor Name		Invoice Date		Invoice Number		Invoice		Current Balance	

CHELCO		
7/6/2018		
Electric Summary 06/18		
CHELCO Electric Summary 06/18		
1,064.67	
						
Total 001 - General Fund		
1,064.67	

Report Total								
1,064.67	

Inflows:	Debt Proceeds - Series A & B	$	16,735,569.81		
	Underwriter Discount	400,000.00		
	Total Bond Proceeds:	17,135,569.81		
	Interest Earnings	174,849.92		
	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	6,380.32		
	Transfer from Prepayment B	3,336.99		
	Transfer from Sinking	55.96		
	Total Inflows:	  $	17,606,180.35 		
Outflows:				
Requisition	Requisition	Contractor	Amount	Status With Trustee	
Date	Number		as of 06/30/18	
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 June 30, 2018	 $	443,380.04 

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 June 30, 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	39.85		
	Total Inflows:	  $	334,964.36		

Outflows: Requisition	

Requisition	Contractor	

Amount	

Status With Trustee	
Date	Number		as of 06/30/18	

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 June 30, 2018	
  $	20.07		

NatureWalk Community Development District Notes to Unaudited Financial Statements
June 30, 2018

Balance Sheet

Trust statement activity has been recorded through 06/30/18.
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.