NatureWalk Community Development District

Financial Statements (Unaudited)

December 31, 2018

Prepared by: Rizzetta & Company, Inc.

naturewalkcdd.org rizzetta.com

NatureWalk Community Development District
Balance Sheet As of 12/31/2018 (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	390,386		0		0		390,386		0		0	
Investments	11		868,219		529,512		1,397,741		0		0	
Accounts Receivable	227,187		7,974,747		0		8,201,935		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		2,144		0		2,144		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	 	536,032		 	1,429,060		 	529,512		 	2,494,604		 	16,309,819		 	13,445,000	

Liabilities												
Accounts Payable	0		0		0		0		0		0	
Accrued Expenses Payable	12,566		0		0		12,566		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	2,144		0		0		2,144		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	14,710		10,204,215		127,062		10,345,987		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	208,637		34,392		3,315		246,345		0		0	
Total Fund Equity & Other Credits	521,322		(8,775,155)		402,449		(7,851,383)		16,309,819		0	

Total Liabilities & Fund Equity	 	536,032	 	1,429,060	 	529,512	 	2,494,604	 	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	1,125	1,125	0	75.00%	
District Management	15,600	3,900	3,900	0	75.00%	
District Engineer	2,500	625	0	625	100.00%	
Disclosure Report	5,000	0	0	0	100.00%	
Trustees Fees	7,000	1,750	0	1,750	100.00%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	3,600	900	900	0	75.00%	
Accounting Services	15,000	3,750	3,750	0	75.00%	
Auditing Services	3,170	0	0	0	100.00%	
Arbitrage Rebate Calculation	600	150	0	150	100.00%	
Public Officials Liability Insurance	2,475	2,475	2,250	225	9.09%	
Legal Advertising	2,000	500	1,129	(629)	43.57%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Hosting, Maintenance, Backup	2,100	525	525	0	75.00%	
Legal Counsel						
District Counsel	20,000	5,000	5,293	(292)	73.53%	
Electric Utility Services						
Utility Services	14,000	3,500	4,040	(540)	71.13%	
Stormwater Control						
Aquatic Maintenance	3,480	870	963	(93)	72.32%	
Fountain Service Repairs & Maintenance	1,884	471	0	471	100.00%	
Wetland Monitoring & Maintenance	1,000	250	0	250	100.00%	
Stormwater System Maintenance	1,000	250	628	(378)	37.20%	
Other Physical Environment						
General Liability Insurance	2,750	2,750	2,500	250	9.09%	
Property Insurance	774	194	704	(511)	9.04%	
Landscape Maintenance	112,000	28,000	25,912	2,088	76.86%	
Irrigation Repairs	5,000	1,250	8,962	(7,712)	(79.24)%	
Ornamental Lighting & Maintenance	1,000	250	145	105	85.50%	
Tree Triming Services	1,500	375	0	375	100.00%	
Annual Mulching	57,000	14,250	20,890	(6,640)	63.35%	
Landscape Replacement Plants, Shrubs, Trees	3,200	800	98	702	96.93%	
Rust Prevention	5,000	1,250	0	1,250	100.00%	
Road & Street Facilities

Street Light Decorative Light Maintenance	3,700	925	1,655	(730)	55.27%	
Street Sign Repair & Replacement	800	200	0	200	100.00%	
Sidewalk Repair & Maintenance	2,750	688	0	688	100.00%	
Roadway Repair & Maintenance	1,000	250	5,250	(5,000)	(425.00)%	
Parks & Recreation						
Boardwalk & Bridge Maintenance	 	20,000		 	5,000		 	0		 	5,000		 	100.00%	
Total Expenditures	 	331,358		 	88,197		 	95,794		 	(7,597)		 	71.09%	
Excess of Revenue Over (Under) Expenditures	(28,322)		214,839		208,637		(6,202)		836.66%	

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		243,161		208,637		(34,524)		0.00%	

Fund Balance, Beginning of Period										
	0		0		312,685		312,685		0.00%	
Fund Balance, End of Period	 	0		 	243,161		 	521,322		 	278,161		 	0.00%	

Statement of Revenues and Expenditures 200 - Debt Service Fund
From 10/1/2018 Through 12/31/2018
(In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		3,286		3,286		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		414,352		3,990		0.97%	

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		
38,670		
38,670		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(1,003)		(1,003)		0.00%	
SPE Costs	0		(3,275)		(3,275)		0.00%	
Total Other Financing Sources (Uses)	0		(4,278)		(4,278)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
34,392		
34,392		
0.00%	

Fund Balance, Beginning of Period								
	0		(8,809,547)		(8,809,547)		0.00%	
Fund Balance, End of Period	 	0		 	(8,775,155)		 	(8,775,155)		 	0.00%	

Interest Earnings	0		2,313		2,313		0.00%	
Total Revenues	0		2,313		2,313		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
2,313		
2,313		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		1,003		1,003		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		3,315		3,315		0.00%	

Fund Balance, Beginning of Period								
	0		399,134		399,134		0.00%	
Fund Balance, End of Period	 	0		 	402,449		 	402,449		 	0.00%	

NatureWalk CDD Investment Summary December 31, 2018

Balance as of
Account	Investment	December 31, 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	234,028
US Bank Series 2007AB Revenue	Fidelity Government Port Cl III	404,059

Total Debt Service Fund Investments     $	868,219 

US Bank Series 2007AB Construction	Fidelity Government Port Cl III	$	529,492
US Bank Series 2007AB KLP Contribution	Fidelity Government Port Cl III	20
Total Capital Project Fund Investments     $	529,512 

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		89,797.46	
				
Total 001 - General Fund		
227,187.48	

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		45,223.82	
				
Total 200 - Debt Service Fund		
7,974,747.37	

Report Balance	8,201,934.85

Inflows:	Debt Proceeds - Series A & B	$	16,735,569.81		
	Underwriter Discount	400,000.00		
	Total Bond Proceeds:	17,135,569.81		
	Interest Earnings	179,338.78		
	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	8,266.60		
	Transfer from Prepayment B	3,336.99		
	Transfer from Sinking	55.96		
	Total Inflows:	  $	17,612,555.49 		
Outflows:				
Requisition	Requisition	Contractor	Amount	Status With Trustee	
Date	Number		as of 12/31/18	
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)	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 December 31, 2018	 $	402,429.18 

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 December 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	40.02		
	Total Inflows:	  $	334,964.53		

Outflows: Requisition	

Requisition	Contractor	

Amount	

Status With Trustee	
Date	Number		as of 12/31/18	

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 December 31, 2018	
  $	20.24		

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

Balance Sheet

Trust statement activity has been recorded through 12/31/18.
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 – 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.