NatureWalk Community Development District

Financial Statements (Unaudited)

November 30, 2018

Prepared by: Rizzetta & Company, Inc.

naturewalkcdd.org rizzetta.com

NatureWalk Community Development District
Balance Sheet As of 11/30/2018 (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	373,349		0		0		373,349		0		0	
Investments	11		749,451		528,366		1,277,827		0		0	
Accounts Receivable	382,020		8,052,724		0		8,434,744		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		42,156		0		42,156		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	 	673,828		 	1,428,282		 	528,366		 	2,630,476		 	16,309,819		 	13,445,000	

Liabilities												
Accounts Payable	79,507		0		0		79,507		0		0	
Accrued Expenses Payable	4,095		0		0		4,095		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	42,156		0		0		42,156		0		0	
Debt Service Obligations - Current	0		10,204,215		0		10,204,215		0		0	
Revenue Bonds Payable--Long Term	0		0		0		0		0		13,445,000	
Total Liabilities	125,758		10,204,215		127,062		10,457,035		0		13,445,000	

Fund Equity & Other Credits												
Beginning Fund Balance	312,685		(8,809,547)		399,134		(8,097,728)		16,309,819		0	
Net Change in Fund Balance	235,384		33,614		2,169		271,168		0		0	
Total Fund Equity & Other Credits	548,070		(8,775,933)		401,303		(7,826,560)		16,309,819		0	

Total Liabilities & Fund Equity	 	673,828	 	1,428,282	 	528,366	 	2,630,476	 	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	265,151	265,151	266,546	1,395	(0.52)%	
Off Roll	 	37,885	 	37,885	 	37,885	 	0	 	0.00%	
Total Revenues	 	303,036	 	303,036	 	304,431	 	1,395	 	(0.46)%	

Expenditures
Legislative
Supervisor Fees	4,800	800	0	800	100.00%	
Financial & Administrative						
Administrative Services	4,500	750	750	0	83.33%	
District Management	15,600	2,600	2,600	0	83.33%	
District Engineer	2,500	417	0	417	100.00%	
Disclosure Report	5,000	0	0	0	100.00%	
Trustees Fees	7,000	1,167	0	1,167	100.00%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	3,600	600	600	0	83.33%	
Accounting Services	15,000	2,500	2,500	0	83.33%	
Auditing Services	3,170	0	0	0	100.00%	
Arbitrage Rebate Calculation	600	100	0	100	100.00%	
Public Officials Liability Insurance	2,475	2,475	2,250	225	9.09%	
Legal Advertising	2,000	333	597	(264)	70.12%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Hosting, Maintenance, Backup	2,100	350	350	0	83.33%	
Legal Counsel						
District Counsel	20,000	3,333	4,293	(959)	78.53%	
Electric Utility Services						
Utility Services	14,000	2,333	2,936	(603)	79.02%	
Stormwater Control						
Aquatic Maintenance	3,480	580	642	(62)	81.55%	
Fountain Service Repairs & Maintenance	1,884	314	0	314	100.00%	
Wetland Monitoring & Maintenance	1,000	167	0	167	100.00%	
Stormwater System Maintenance	1,000	167	314	(147)	68.60%	
Other Physical Environment						
General Liability Insurance	2,750	2,750	2,500	250	9.09%	
Property Insurance	774	129	704	(575)	9.04%	
Landscape Maintenance	112,000	18,667	18,365	301	83.60%	
Irrigation Repairs	5,000	833	1,682	(849)	66.35%	
Ornamental Lighting & Maintenance	1,000	167	145	22	85.50%	
Tree Triming Services	1,500	250	0	250	100.00%	
Annual Mulching	57,000	9,500	20,890	(11,390)	63.35%	
Landscape Replacement Plants, Shrubs, Trees	3,200	533	98	435	96.93%	
Rust Prevention	5,000	833	0	833	100.00%	
Road & Street Facilities						

Street Light Decorative Light Maintenance	3,700	617	1,655	(1,038)	55.27%	
Street Sign Repair & Replacement	800	133	0	133	100.00%	
Sidewalk Repair & Maintenance	2,750	458	0	458	100.00%	
Roadway Repair & Maintenance	1,000	167	0	167	100.00%	
Parks & Recreation						
Boardwalk & Bridge Maintenance	 	20,000		 	3,333		 	0		 	3,333		 	100.00%	
Total Expenditures	 	331,358		 	62,531		 	69,046		 	(6,515)		 	79.16%	
Excess of Revenue Over (Under) Expenditures	(28,322)		240,505		235,384		(5,120)		931.10%	

Other Financing Sources (Uses)										
Prior Year	28,322		28,322		0		(28,322)		100.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		268,827		235,384		(33,442)		0.00%	

Fund Balance, Beginning of Period										
	0		0		312,685		312,685		0.00%	
Fund Balance, End of Period	 	0		 	268,827		 	548,070		 	279,243		 	0.00%	

Statement of Revenues and Expenditures 200 - Debt Service Fund
From 10/1/2018 Through 11/30/2018
(In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		2,161		2,161		0.00%	
Special Assessments								
Tax Roll	133,534		134,238		703		0.52%	
Off Roll	276,828		276,828		0		0.00%	
Total Revenues	410,362		413,226		2,864		0.70%	

Expenditures
Legal Counsel
Trustee Counsel	0		13,839		(13,839)		0.00%	
Debt Service								
Interest	270,362		361,843		(91,481)		(33.83)%	
Principal	140,000		0		140,000		100.00%	
Total Expenditures	410,362		375,682		34,680		8.45%	

Excess of Revenue Over (Under) Expenditures	
0		
37,544		
37,544		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(655)		(655)		0.00%	
SPE Costs	0		(3,275)		(3,275)		0.00%	
Total Other Financing Sources (Uses)	0		(3,930)		(3,930)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
33,614		
33,614		
0.00%	

Fund Balance, Beginning of Period								
	0		(8,809,547)		(8,809,547)		0.00%	
Fund Balance, End of Period	 	0		 	(8,775,933)		 	(8,775,933)		 	0.00%	

Interest Earnings	0		1,514		1,514		0.00%	
Total Revenues	0		1,514		1,514		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
1,514		
1,514		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		655		655		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		2,169		2,169		0.00%	

Fund Balance, Beginning of Period								
	0		399,134		399,134		0.00%	
Fund Balance, End of Period	 	0		 	401,303		 	401,303		 	0.00%	

NatureWalk CDD Investment Summary November 30, 2018

Balance as of
Account	Investment	November 30, 2018

State Board of Administration	Local Government Investment Pool	$	11
Total General Fund Investments      $	11
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	233,675
US Bank Series 2007AB Revenue	Fidelity Government Port Cl III	285,644

Total Debt Service Fund Investments     $	749,451 

US Bank Series 2007AB Construction	Fidelity Government Port Cl III	$	528,346
US Bank Series 2007AB KLP Contribution	Fidelity Government Port Cl III	20
Total Capital Project Fund Investments     $	528,366 

Summary A/R Ledger 001 - General Fund
From 11/1/2018 Through 11/30/2018

Invoice Date	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	
10/1/2018	KLP Destin, LLC	321-19-01	18,942.59	
10/1/2018	Tax Collector - Walton County	FY18-19	244,630.20	
		
Total 001 - General Fund	
382,020.22	

Summary A/R Ledger 200 - Debt Service Fund
From 11/1/2018 Through 11/30/2018

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	
11/11/2017	KLP Destin, LLC	321-18-01	66,434.81	
11/11/2017	New NatureWalk, LLC	321-18-02	205,750.40	
10/1/2018	KLP Destin, LLC	321-19-01	35,538.77	
10/1/2018	New NatureWalk, LLC	321-19-02	205,750.40	
10/1/2018	Tax Collector - Walton County	FY18-19	123,200.71	
		
Total 200 - Debt Service Fund	
8,052,724.26	

Report Balance	8,434,744.48

Vendor Name	Invoice Date	Invoice Number	Invoice	Current Balance

GreenEarth Landscape Services LLC	7/9/2018	58851	Monthly Landscape Maintenance 07/18	6,024.82	
	7/9/2018	58852	General Maintenance 07/18	778.00	
	7/27/2018	59008	Irrigation Repairs	400.00	
	7/27/2018	59010	Replaced Photocell To Street Light	145.00	
	7/27/2018	59012	Irrigation Repair	45.00	
	7/27/2018	59013	Annuals Color Care Maintenance
- 07/18	744.16	
	8/6/2018	59293	Annuals Color Care Maintenance
- 08/18	744.16	
	8/7/2018	59445	Monthly Landscape Maintenance 08/18	6,768.98	
	8/7/2018	59446	Gerneral Maintenance 08/18	778.00	
Hopping Green & Sams	8/10/2018	102026	General Legal Counsel 07/18	3,531.50	
GreenEarth Landscape Services LLC	8/31/2018	59599	Irrigation Repairs	1,500.00	
	8/31/2018	59600	Irrigation Repairs	516.75	
	8/31/2018	59602	Irrigation Repairs	578.50	
	8/31/2018	59603	Irrigation Repairs	975.65	
	8/31/2018	59604	Irrigation Repairs	497.00	
	8/31/2018	59605	Irrigation Repairs	2,700.00	
	8/31/2018	59606	Irrigation Repairs	285.08	
	8/31/2018	59607	Removal Of Dead Trees	3,200.00	
	8/31/2018	59608	Irrigation Repairs	275.09	
	8/31/2018	59609	Annual Flower Replacement 08/18	2,300.00	
	8/31/2018	59610	Replacement Plantings	98.00	
	8/31/2018	59643	Aerating Turf	3,300.00	
	9/4/2018	59680	Monthly Landscape Maintenance 09/18	7,546.98	
	9/6/2018	59922	Street Light Bulb Replacements	395.00	
	9/6/2018	59923	Irrigation Repairs	301.00	
	9/6/2018	59924	Irrigation Repairs	500.00	
	9/6/2018	59949	Irrigation Repairs	301.00	
	9/6/2018	59950	Irrigation Repairs	215.00	
	9/6/2018	59951	Irrigation Repairs	175.00	
	9/6/2018	59952	Irrigation Repairs	75.00	
	9/21/2018	60071	Install Of Pinestraw	20,890.00	
	9/21/2018	60072	Irrigation Repairs	225.00	
	10/5/2018	60424	Irrigation Repairs 10/18	75.00	
	11/5/2018	60815	Irrigation Repairs	117.00	

Vendor Name		Invoice Date		Invoice Number		Invoice		Current Balance	
		
11/6/2018		
60684		
Monthly Landscape Maintenance 11/18		
7,546.98	
		11/13/2018		60797		Rye Grass Installation		3,400.00	
		11/15/2018		60812		Replaced Irrigation Timer		685.00	
		11/15/2018		60813		Mainline Irrigation Repair		325.00	
		11/15/2018		60814		Irrigation Repairs		225.00	
		11/15/2018		60816		Repair And Patching Of Damaged Turf		198.00	
		11/15/2018		60817		Irrigation Repairs		125.00	
						
Total 001 - General Fund		
79,506.65	

Report Total								
79,506.65	

Inflows:	Debt Proceeds - Series A & B	$	16,735,569.81
Underwriter Discount	400,000.00

Total Bond Proceeds:	17,135,569.81

	Interest Earnings		178,540.45		
	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		7,918.98		
	Transfer from Prepayment B		3,336.99		
	Transfer from Sinking		 	55.96 		
		Total Inflows:	  $	17,611,409.54 		
Outflows:					
Requisition	Requisition	Contractor		Amount	Status With Trustee	
Date	Number			as of 11/30/18	
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)	Cleared	
			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 November 30, 2018	 $	401,283.23 

Outstanding Contracts:
GAC Contractors

$	5,200.00

Contract Sub Total:	5,200.00

Committed Funds to be Provided by Developer $

*Uncommitted Funds Available  $

(100,310.92)

(100,310.92)

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 November 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	39.99		
	Total Inflows:	  $	334,964.50		

Outflows: Requisition	

Requisition	Contractor	

Amount	

Status With Trustee	
Date	Number		as of 11/30/18	

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 November 30, 2018	
  $	20.21		

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

Balance Sheet

Trust statement activity has been recorded through 11/30/18.
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 – November 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 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.