NatureWalk Community Development District

Financial Statements (Unaudited)

September 30, 2018

Prepared by: Rizzetta & Company, Inc.

naturewalkcdd.org rizzetta.com

NatureWalk Community Development District
Balance Sheet As of 9/30/2018
(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	321,707		0		0		321,707		0		0	
Investments	10		760,640		531,622		1,292,273		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	5,454		0		0		5,454		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		16,309,819		0	
Total Assets	 	364,067		 	1,032,825		 	531,622		 	1,928,514		 	16,309,819		 	13,445,000	

Liabilities												
Accounts Payable	5,382		0		5,426		10,808		0		0	
Accrued Expenses Payable	46,000		0		0		46,000		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	51,382		9,842,372		132,488		10,026,242		0		13,445,000	

Fund Equity & Other Credits												
Beginning Fund Balance	265,273		(8,306,863)		1,809,479		(6,232,111)		16,309,819		0	
Net Change in Fund Balance	47,412		(502,684)		(1,410,344)		(1,865,617)		0		0	
Total Fund Equity & Other Credits	312,685		(8,809,547)		399,134		(8,097,728)		16,309,819		0	

Total Liabilities & Fund Equity	 	364,067	 	1,032,825	 	531,622	 	1,928,514	 	16,309,819	 	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	9,600	2,400	7,200	75.00%	
Financial & Administrative						
Administrative Services	4,500	4,500	4,500	0	0.00%	
District Management	14,700	14,700	14,700	0	0.00%	
District Engineer	2,500	2,500	1,440	1,060	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	8,600	8,600	0	0.00%	
Accounting Services	14,000	14,000	14,000	(0)	0.00%	
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	2,000	326	1,674	83.70%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Hosting, Maintenance, Backup	2,475	2,475	2,100	375	15.15%	
Legal Counsel						
District Counsel	20,000	20,000	11,361	8,639	43.19%	
Electric Utility Services						
Utility Services	14,000	14,000	13,741	259	1.85%	
Stormwater Control						
Aquatic Maintenance	3,600	3,600	3,480	120	3.33%	
Wetland Monitoring & Maintenance	1,000	1,000	0	1,000	100.00%	
Stormwater System Maintenance	3,000	3,000	3,782	(782)	(26.05)%	
Aquatic Plant Replacement	1,430	1,430	0	1,430	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	77,000	88,223	(11,223)	(14.57)%	
Irrigation Repairs	5,000	5,000	17,272	(12,272)	(245.44)%	
Ornamental Lighting & Maintenance	1,000	1,000	0	1,000	100.00%	
Well Maintenance	500	500	0	500	100.00%	
Tree Triming Services	1,500	1,500	0	1,500	100.00%	
Annual Mulching	57,000	57,000	28,072	28,929	50.75%	
Landscape Replacement Plants, Shrubs, Trees	2,000	2,000	2,390	(390)	(19.50)%	
Miscellaneous Expense/Rust Prevention	5,000	5,000	5,169	(169)	(3.38)%	
Road & Street Facilities						

Street Light Decorative Light Maintenance	3,000	3,000	9,176	(6,176)	(205.86)%	
Street Sign Repair & Replacement	500	500	790	(290)	(58.00)%	
Sidewalk Repair & Maintenance	1,100	1,100	2,600	(1,500)	(136.36)%	
Roadway Repair & Maintenance	1,000	1,000	0	1,000	100.00%	
Parks & Recreation						
Boardwalk & Bridge Maintenance	 	20,000		 	20,000		 	21,317		 	(1,317)		 	(6.58)%	
Total Expenditures	 	301,950		 	301,950		 	266,668		 	35,282		 	11.68%	
Excess of Revenue Over (Under) Expenditures	0		0		47,412		47,412		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
0		
47,412		
47,412		
0.00%	

Fund Balance, Beginning of Period										
	0		0		265,273		265,273		0.00%	
Fund Balance, End of Period	 	0		 	0		 	312,685		 	312,685		 	0.00%	

Statement of Revenues and Expenditures 200 - Debt Service Fund
From 10/1/2017 Through 9/30/2018
(In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		8,031		8,031		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		420,184		10,639		2.60%	

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		
(454,887)		
(454,887)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(2,523)		(2,523)		0.00%	
SPE Costs	0		(45,275)		(45,275)		0.00%	
Total Other Financing Sources (Uses)	0		(47,798)		(47,798)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(502,684)		
(502,684)		
0.00%	

Fund Balance, Beginning of Period								
	0		(8,306,863)		(8,306,863)		0.00%	
Fund Balance, End of Period	 	0		 	(8,809,547)		 	(8,809,547)		 	0.00%	

Interest Earnings	0		11,276		11,276		0.00%	
Total Revenues	0		11,276		11,276		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		1,424,144		(1,424,144)		0.00%	
Total Expenditures	0		1,424,144		(1,424,144)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
(1,412,867)		
(1,412,867)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		2,523		2,523		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		(1,410,344)		(1,410,344)		0.00%	

Fund Balance, Beginning of Period								
	0		1,809,479		1,809,479		0.00%	
Fund Balance, End of Period	 	0		 	399,134		 	399,134		 	0.00%	

NatureWalk CDD Investment Summary September 30, 2018

Balance as of
Account	Investment	September 30, 2018

State Board of Administration	Local Government Investment Pool	$	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	233,012
US Bank Series 2007AB Revenue	Fidelity Government Port Cl III	297,496

Total Debt Service Fund Investments     $	760,640 

US Bank Series 2007AB Construction	Fidelity Government Port Cl III	$	531,602
US Bank Series 2007AB KLP Contribution	Fidelity Government Port Cl III	20
Total Capital Project Fund Investments     $	531,622 

Summary A/R Ledger 001 - General Fund

Invoice Date		From 9/1/2018 Through 9/30/2018

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 9/1/2018 Through 9/30/2018

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 - 9/1/2018
001 - General Fund
From 9/1/2018 Through 9/30/2018

Vendor Name		Invoice Date		Invoice Number		Invoice		Current Balance	

GreenEarth Landscape Services LLC		
9/28/2018		
60122		
Replaced Four Street Lamp Bulbs		
347.00	
		9/28/2018		60123		Light Replacement At Entrance		1,200.00	
		9/28/2018		60124		Irrigation Repairs 09/18		186.00	
		9/28/2018		60125		MainLine Irrigation Repair		1,275.00	
		9/28/2018		60126		Repair Drip Tubing		123.00	
		9/28/2018		60129		Repair Of Lighting Issues At FFL		620.00	
CHELCO		10/2/2018		Electric Summary 09/18		CHELCO Electric Summary 09/18		1,630.59	
						
Total 001 - General Fund		
5,381.59	

Vendor Name	Invoice Date	Invoice Number	Invoice	Current Balance

GreenEarth Landscape Services LLC

9/5/2018

CR111 GreenEarth

CR111 Series 2007	5,426.00

Total 300 - Capital Projects Fund

5,426.00

Report Total	10,807.59

Inflows:	Debt Proceeds - Series A & B	$	16,735,569.81		
	Underwriter Discount	400,000.00		
	Total Bond Proceeds:	17,135,569.81		
	Interest Earnings	177,026.14		
	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	7,264.01		
	Transfer from Prepayment B	3,336.99		
	Transfer from Sinking	55.96		
	Total Inflows:	  $	17,609,240.26 		
Outflows:				
Requisition	Requisition	Contractor	Amount	Status With Trustee	
Date	Number		as of 09/30/18	
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	
06/20/18	107	Innerlight Engineering Corporation	(3,350.00)	Cleared	
07/01/18	108	GreenEarth Landscape Services	(7,415.00)	Cleared	

07/25/18	109	Emerald Coast Aluminum		(7,783.75)	Cleared	
08/08/18	110	Emerald Coast Aluminum		(23,351.25)	Cleared	
08/31/18	111	GreenEarth Landscape Services		(5,426.00)	AP	
			Total Requisitions:	(16,395,677.78)		

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:	(17,210,126.31)		

Construction Account Balance at September 30, 2018	 $	399,113.95 

Outstanding Contracts:
GAC Contractors

$	5,200.00

Contract Sub Total:	5,200.00

Committed Funds to be Contributed by Developer $	100,310.92

* 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. 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 September 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	39.93		
	Total Inflows:	  $	334,964.44		

Outflows: Requisition	

Requisition	Contractor	

Amount	

Status With Trustee	
Date	Number		as of 09/30/18	

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 September 30, 2018	
  $	20.15		

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

Balance Sheet

Trust statement activity has been recorded through 9/30/18.
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.