NatureWalk Community Development District

Financial Statements (Unaudited)

July 31, 2018

Prepared by: Rizzetta & Company, Inc.

naturewalkcdd.org rizzetta.com

NatureWalk Community Development District
Balance Sheet As of 7/31/2018
(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	374,798		0		0		374,798		0		0	
Investments	10		740,012		571,425		1,311,448		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		16,281,042		0	
Total Assets	 	411,704		 	1,040,478		 	571,425		 	2,023,607		 	16,281,042		 	13,445,000	

Liabilities												
Accounts Payable	3,113		0		18,549		21,662		0		0	
Accrued Expenses Payable	7,182		0		0		7,182		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	38,576		9,842,372		145,611		10,026,559		0		13,445,000	

Fund Equity & Other Credits												
Beginning Fund Balance	265,273		(8,306,863)		1,809,479		(6,232,111)		16,281,042		0	
Net Change in Fund Balance	107,854		(495,031)		(1,383,664)		(1,770,841)		0		0	
Total Fund Equity & Other Credits	373,128		(8,801,894)		425,814		(8,002,952)		16,281,042		0	

Total Liabilities & Fund Equity	 	411,704	 	1,040,478	 	571,425	 	2,023,607	 	16,281,042	 	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	8,000	1,600	6,400	83.33%	
Financial & Administrative						
Administrative Services	4,500	3,750	3,750	0	16.66%	
District Management	14,700	12,250	12,250	0	16.66%	
District Engineer	2,500	2,083	1,440	643	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	8,000	8,000	0	6.97%	
Accounting Services	14,000	11,667	11,667	0	16.66%	
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	1,667	326	1,341	83.70%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Hosting, Maintenance, Backup	2,475	2,063	1,750	313	29.29%	
Legal Counsel						
District Counsel	20,000	16,667	3,678	12,989	81.61%	
Electric Utility Services						
Utility Services	14,000	11,667	10,886	781	22.24%	
Stormwater Control						
Aquatic Maintenance	3,600	3,000	2,900	100	19.44%	
Wetland Monitoring & Maintenance	1,000	833	0	833	100.00%	
Stormwater System Maintenance	3,000	2,500	3,468	(968)	(15.58)%	
Aquatic Plant Replacement	1,430	1,192	0	1,192	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	64,167	60,248	3,919	21.75%	
Irrigation Repairs	5,000	4,167	5,688	(1,522)	(13.76)%	
Ornamental Lighting & Maintenance	1,000	833	0	833	100.00%	
Well Maintenance	500	417	0	417	100.00%	
Tree Triming Services	1,500	1,250	0	1,250	100.00%	
Annual Mulching	57,000	47,500	28,072	19,429	50.75%	
Landscape Replacement Plants, Shrubs, Trees	2,000	1,667	2,390	(723)	(19.50)%	
Miscellaneous Expense/Rust Prevention	5,000	4,167	5,169	(1,002)	(3.38)%	
Road & Street Facilities						

Street Light Decorative Light Maintenance	3,000	2,500	7,009	(4,509)	(133.63)%	
Street Sign Repair & Replacement	500	417	790	(373)	(58.00)%	
Sidewalk Repair & Maintenance	1,100	917	2,600	(1,683)	(136.36)%	
Roadway Repair & Maintenance	1,000	833	0	833	100.00%	
Parks & Recreation						
Boardwalk & Bridge Maintenance	 	20,000		 	16,667		 	21,317		 	(4,651)		 	(6.58)%	
Total Expenditures	 	301,950		 	256,783		 	206,226		 	50,557		 	31.70%	
Excess of Revenue Over (Under) Expenditures	0		45,167		107,854		62,687		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
45,167		
107,854		
62,687		
0.00%	

Fund Balance, Beginning of Period										
	0		0		265,273		265,273		0.00%	
Fund Balance, End of Period	 	0		 	45,167		 	373,128		 	327,960		 	0.00%	

Statement of Revenues and Expenditures 200 - Debt Service Fund
From 10/1/2017 Through 7/31/2018
(In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		6,078		6,078		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		418,230		8,685		2.12%	

Expenditures
Financial & Administrative
Trustees Fees	0	11,440	(11,440)	0.00% Legal Counsel
Trustee Counsel	0		4,676		(4,676)		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		875,071		(465,525)		(113.67)%	

Excess of Revenue Over (Under) Expenditures	
0		
(456,840)		
(456,840)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(1,916)		(1,916)		0.00%	
SPE Costs	0		(36,275)		(36,275)		0.00%	
Total Other Financing Sources (Uses)	0		(38,191)		(38,191)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(495,031)		
(495,031)		
0.00%	

Fund Balance, Beginning of Period								
	0		(8,306,863)		(8,306,863)		0.00%	
Fund Balance, End of Period	 	0		 	(8,801,894)		 	(8,801,894)		 	0.00%	

Interest Earnings	0		9,786		9,786		0.00%	
Total Revenues	0		9,786		9,786		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		1,395,366		(1,395,366)		0.00%	
Total Expenditures	0		1,395,366		(1,395,366)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
(1,385,580)		
(1,385,580)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		1,916		1,916		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		(1,383,664)		(1,383,664)		0.00%	

Fund Balance, Beginning of Period								
	0		1,809,479		1,809,479		0.00%	
Fund Balance, End of Period	 	0		 	425,814		 	425,814		 	0.00%	

NatureWalk CDD Investment Summary July 31, 2018

	Balance as of		
Account

State Board of Administration	Investment

Local Government Investment Pool	July 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	170,804
US Bank Series 2007B Reserve	Fidelity Government Port Cl III	59,323
US Bank Series 2007A Prepayment	Fidelity Government Port Cl III	232,399
US Bank Series 2007AB Revenue	Fidelity Government Port Cl III	277,481

Total Debt Service Fund Investments     $	740,012 

US Bank Series 2007AB Construction	Fidelity Government Port Cl III	$	571,405
US Bank Series 2007AB KLP Contribution	Fidelity Government Port Cl III	20
Total Capital Project Fund Investments     $	571,425 

Summary A/R Ledger 001 - General Fund

Invoice Date		From 7/1/2018 Through 7/31/2018

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 7/1/2018 Through 7/31/2018

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 7/1/2018 Through 7/31/2018

Vendor Name		Invoice Date		Invoice Number		Invoice		Current Balance	

GreenEarth Landscape Services LLC		
7/27/2018		
59091		
Replacement Of Pickle Ball Court Net Crank		
1,999.00	
CHELCO		8/2/2018		Electric Summary 07/18		CHELCO Electric Summary 07/18		1,114.11	
						
Total 001 - General Fund		
3,113.11	

Vendor Name		Invoice Date		Invoice Number		Invoice		Current Balance	

Innerlight Engineering Corporation		
6/20/2018		
CR 107 Innerlight Engineering		
CR 107 Series 2007		
3,350.00	
GreenEarth Landscape Services LLC		7/1/2018		CR108 GreenEarth Landscape Services, LLC		CR108 Series 2007		7,415.00	
Emerald Coast Aluminum, Inc.		7/25/2018		CR109 Emerald		CR109 Series 2007		7,783.75	
						
Total 300 - Capital Projects Fund		
18,548.75	

Report Total								
21,661.86	

Inflows:	Debt Proceeds - Series A & B	$	16,735,569.81		
	Underwriter Discount	400,000.00		
	Total Bond Proceeds:	17,135,569.81		
	Interest Earnings	175,536.07		
	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	6,657.17		
	Transfer from Prepayment B	3,336.99		
	Transfer from Sinking	55.96		
	Total Inflows:	  $	17,607,143.35		
Outflows:				
Requisition	Requisition	Contractor	Amount	Status With Trustee	
Date	Number		as of 07/31/18	
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	
06/20/18	107	Innerlight Engineering Corporation	(3,350.00)	AP	
07/01/18	108	GreenEarth Landscape Services	(7,415.00)	AP	

07/25/18	109	Emerald Coast Aluminum	(7,783.75)	AP

Total Requisitions:	(16,366,900.53)

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:	(17,181,349.06)		

Construction Account Balance at July 31, 2018	 $	425,794.29

Outstanding Contracts:
GAC Contractors

$	5,200.00

Contract Sub Total:	5,200.00

Committed Funds to be Contributed by Developer  $	71,533.67

* 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. All funds have now been utilized and the Developer is responsible to contribute the amount reflected in Committed Funds to be Contributed by Developer.

Capital Improvement Revenue - Series 2007 A & B

KLP Contribution Account Activity Through July 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	39.87		
	Total Inflows:	  $	334,964.38		

Outflows: Requisition	

Requisition	Contractor	

Amount	

Status With Trustee	
Date	Number		as of 07/31/18	

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 July 31, 2018	
  $	20.09		

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

Balance Sheet

Trust statement activity has been recorded through 07/31/18.
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.