NatureWalk Community Development District

Financial Statements (Unaudited)

February 28, 2019

Prepared by: Rizzetta & Company, Inc.

naturewalkcdd.org rizzetta.com

NatureWalk Community Development District
Balance Sheet As of 2/28/2019
(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	462,881		0		0		462,881		0		0	
Investments	11		843,977		659,946		1,503,934		0		0	
Accounts Receivable	175,433		7,900,054		0		8,075,487		0		0	
Bond Prepayments Receivable	0		0		0		0		0		0	
Allowance for Doubtful Accounts	(83,092)		(7,621,800)		(20,243)		(7,725,135)		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		76,922		0		76,922		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		16,342,594		0	
Total Assets	 	556,773		 	1,199,153		 	659,946		 	2,415,873		 	16,342,594		 	13,445,000	

Liabilities												
Accounts Payable	1,243		0		159,837		161,081		0		0	
Accrued Expenses Payable	9,692		0		0		9,692		0		0	
Retainage Payable	0		0		0		0		0		0	
Other Current Liabilities	0		0		0		0		0		0	
Deferred Revenue	0		0		0		0		0		0	
Due To Other Funds	76,922		0		0		76,922		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	87,857		10,204,215		159,837		10,451,910		0		13,445,000	

Fund Equity & Other Credits												
Beginning Fund Balance	312,685		(9,015,298)		399,134		(8,303,478)		16,342,594		0	
Net Change in Fund Balance	156,231		10,236		100,975		267,441		0		0	
Total Fund Equity & Other Credits	468,916		(9,005,062)		500,109		(8,036,037)		16,342,594		0	

Total Liabilities & Fund Equity	 	556,773	 	1,199,153	 	659,946	 	2,415,873	 	16,342,594	 	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	266,714	1,563	(0.58)%	
Off Roll	 	37,885	 	37,885	 	37,885	 	0	 	0.00%	
Total Revenues	 	303,036	 	303,036	 	304,599	 	1,563	 	(0.52)%	

Expenditures
Legislative
Supervisor Fees	4,800	1,600	0	1,600	100.00%	
Financial & Administrative						
Administrative Services	4,500	1,875	1,875	0	58.33%	
District Management	15,600	6,500	6,500	0	58.33%	
District Engineer	2,500	1,042	0	1,042	100.00%	
Disclosure Report	5,000	5,000	5,000	0	0.00%	
Trustees Fees	7,000	2,917	0	2,917	100.00%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	3,600	1,500	1,500	0	58.33%	
Accounting Services	15,000	6,250	6,250	0	58.33%	
Auditing Services	3,170	0	3,170	(3,170)	0.00%	
Arbitrage Rebate Calculation	600	250	0	250	100.00%	
Public Officials Liability Insurance	2,475	2,475	2,250	225	9.09%	
Legal Advertising	2,000	833	1,129	(295)	43.57%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Hosting, Maintenance, Backup	2,100	875	875	0	58.33%	
Legal Counsel						
District Counsel	20,000	8,333	6,108	2,225	69.46%	
Electric Utility Services						
Utility Services	14,000	5,833	6,630	(797)	52.64%	
Stormwater Control						
Aquatic Maintenance	3,480	1,450	1,636	(186)	52.98%	
Fountain Service Repairs & Maintenance	1,884	785	157	628	91.66%	
Wetland Monitoring & Maintenance	1,000	417	0	417	100.00%	
Stormwater System Maintenance	1,000	417	628	(211)	37.20%	
Other Physical Environment						
General Liability Insurance	2,750	2,750	2,500	250	9.09%	
Property Insurance	774	323	704	(382)	9.04%	
Landscape Maintenance	112,000	46,667	52,462	(5,795)	53.15%	
Irrigation Repairs	5,000	2,083	10,382	(8,299)	(107.64)%	
Ornamental Lighting & Maintenance	1,000	417	145	272	85.50%	
Tree Triming Services	1,500	625	0	625	100.00%	
Annual Mulching	57,000	23,750	20,890	2,860	63.35%	
Landscape Replacement Plants, Shrubs, Trees	3,200	1,333	98	1,235	96.93%	
Rust Prevention	5,000	2,083	0	2,083	100.00%	
Road & Street Facilities						

Street Light Decorative Light Maintenance	3,700	1,542	6,580	(5,038)	(77.83)%	
Street Sign Repair & Replacement	800	333	0	333	100.00%	
Sidewalk Repair & Maintenance	2,750	1,146	0	1,146	100.00%	
Roadway Repair & Maintenance	1,000	417	5,725	(5,308)	(472.50)%	
Parks & Recreation						
Boardwalk & Bridge Maintenance	 	20,000		 	8,333		 	0		 	8,333		 	100.00%	
Total Expenditures	 	331,358		 	145,328		 	148,369		 	(3,040)		 	55.22%	
Excess of Revenue Over (Under) Expenditures	(28,322)		157,708		156,231		(1,477)		651.62%	

Other Financing Sources (Uses)										
Prior Year Carryforward	28,322		28,322		0		(28,322)		100.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		186,030		156,231		(29,799)		0.00%	

Fund Balance, Beginning of Period										
	0		0		312,685		312,685		0.00%	
Fund Balance, End of Period	 	0		 	186,030		 	468,916		 	282,886		 	0.00%	

Statement of Revenues and Expenditures 200 - Debt Service Fund
From 10/1/2018 Through 2/28/2019
(In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		6,068		6,068		0.00%	
Special Assessments								
Tax Roll	133,534		134,323		788		0.59%	
Off Roll	276,828		276,828		0		0.00%	
Total Revenues	410,362		417,219		6,856		1.67%	

Expenditures
Legal Counsel
Trustee Counsel	0		30,786		(30,786)		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		392,629		17,733		4.32%	

Excess of Revenue Over (Under) Expenditures	
0		
24,590		
24,590		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(1,774)		(1,774)		0.00%	
SPE Costs	0		(12,580)		(12,580)		0.00%	
Total Other Financing Sources (Uses)	0		(14,354)		(14,354)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
10,236		
10,236		
0.00%	

Fund Balance, Beginning of Period								
	0		(9,015,298)		(9,015,298)		0.00%	
Fund Balance, End of Period	 	0		 	(9,005,062)		 	(9,005,062)		 	0.00%	

Interest Earnings	0	4,090	4,090	0.00% Contributions & Donations From
Private Sources

Developer Contributions	0		127,886		127,886		0.00%	
Total Revenues	0		131,976		131,976		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		32,775		(32,775)		0.00%	
Total Expenditures	0		32,775		(32,775)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
99,201		
99,201		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		1,774		1,774		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		100,975		100,975		0.00%	

Fund Balance, Beginning of Period								
	0		399,134		399,134		0.00%	
Fund Balance, End of Period	 	0		 	500,109		 	500,109		 	0.00%	

NatureWalk CDD Investment Summary February 28, 2019

Balance as of
Account	Investment	February 28, 2019

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	170,803
US Bank Series 2007B Reserve	Fidelity Government Port Cl III	59,323
US Bank Series 2007A Prepayment	Fidelity Government Port Cl III	234,814
US Bank Series 2007AB Revenue	Fidelity Government Port Cl III	379,032

Total Debt Service Fund Investments     $	843,977 

US Bank Series 2007AB Construction	Fidelity Government Port Cl III	$	532,040
US Bank Series 2007AB KLP Contribution	Fidelity Government Port Cl III	127,906

Total Capital Project Fund Investments     $	659,946 

Summary A/R Ledger 001 - General Fund
From 2/1/2019 Through 2/28/2019

Invoice Date	Customer Name	Invoice Number	Current Balance

9/30/2015	New NatureWalk, LLC	ORA2009NW.NWD	83,092.16	
10/1/2018	KLP Destin, LLC	321-19-01	18,942.59	
10/1/2018	Tax Collector - Walton County	FY18-19	73,398.44	
		
Total 001 - General Fund	
175,433.19	

Summary A/R Ledger 200 - Debt Service Fund
From 2/1/2019 Through 2/28/2019

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	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	36,964.94	
		
Total 200 - Debt Service Fund	
7,900,053.68	

Report Balance	8,075,486.87

Aged Payables by Invoice Date Aging Date - 1/1/2019
001 - General Fund
From 2/1/2019 Through 2/28/2019

Vendor Name	Invoice Date	Invoice Number	Invoice	Current Balance

CHELCO

3/3/2019

Electric Summary 02/19

CHELCO Electric Summary 02/19	1,243.23

Total 001 - General Fund

1,243.23

Vendor Name		Invoice Date		Invoice Number		Invoice		Current Balance	

GAC Contractors		
1/17/2019		
CR112		
CR 112 S2007		
4,680.00	
		1/17/2019		CR113		CR113 S2007		24,817.47	
		1/17/2019		CR114		CR114 S2007		2,453.95	
		1/17/2019		KLP 9		KLP 9 S2007		127,885.89	
						
Total 300 - Capital Projects Fund		
159,837.31	

Report Total								
161,080.54	

Inflows:	Debt Proceeds - Series A & B	$	16,735,569.81		
	Underwriter Discount	400,000.00		
	Total Bond Proceeds:	17,135,569.81		
	Interest Earnings	181,491.38		
	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	8,662.66		
	Transfer from Prepayment B	3,336.99		
	Transfer from Sinking	55.96		
	Total Inflows:	  $	17,615,104.15 		
Outflows:				
Requisition	Requisition	Contractor	Amount	Status With Trustee	
Date	Number		as of 02/28/19	
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	
01/17/19	112	GAC Contractors		(4,680.00)	AP	
01/17/19	113	GAC Contractors		(24,817.47)	AP	
01/17/19	114	GAC Contractors		(2,453.95)	AP	
			Total Requisitions:	(16,427,629.20)		

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	
		Total Outflows:	(17,115,015.39)		

Construction Account Balance at February 28, 2019	 $	500,088.76 

* 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 February 28, 2019	

Inflows:	KLP Contribution	$	333,405.89		
	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	40.08		
	Total Inflows:	  $	462,850.48		

Outflows: Requisition	

Requisition	Contractor	

Amount	

Status With Trustee	
Date	Number		as of 02/28/19	

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	
01/17/19	KLP 9	KLP Destin, LLC	(127,885.89)	AP	
	Total Requisitions:	(462,830.18)		
	
Total Outflows:	
(462,830.18)		

Funds Available in KLP Contribution Account at February 28, 2019	 $	20.30

NatureWalk Community Development District Notes to Unaudited Financial Statements February 28, 2019

Balance Sheet

Trust statement activity has been recorded through 02/28/19.
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.