NatureWalk Community Development District

Financial Statements (Unaudited)

April 30, 2019

Prepared by: Rizzetta & Company, Inc.

naturewalkcdd.org rizzetta.com

NatureWalk Community Development District
Balance Sheet As of 4/30/2019
(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	342,646		0		0		342,646		0		0	
Investments	11		959,082		534,814		1,493,906		0		0	
Accounts Receivable	154,184		7,863,353		0		8,017,537		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		589		0		589		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	 	415,289		 	1,201,225		 	534,814		 	2,151,328		 	16,342,594		 	13,445,000	

Liabilities												
Accounts Payable	8,792		0		31,951		40,744		0		0	
Accrued Expenses Payable	2,413		0		0		2,413		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	589		0		0		589		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	11,795		10,204,215		31,951		10,247,961		0		13,445,000	

Fund Equity & Other Credits												
Beginning Fund Balance	277,330		(9,081,732)		399,134		(8,405,268)		16,342,594		0	
Net Change in Fund Balance	126,164		78,742		103,728		308,635		0		0	
Total Fund Equity & Other Credits	403,494		(9,002,990)		502,862		(8,096,634)		16,342,594		0	

Total Liabilities & Fund Equity	 	415,289	 	1,201,225	 	534,814	 	2,151,328	 	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	 	73,240	 	35,355	 	(93.32)%	
Total Revenues	 	303,036	 	303,036	 	339,955	 	36,919	 	(12.18)%	

Expenditures
Legislative
Supervisor Fees	4,800	2,400	600	1,800	87.50%	
Financial & Administrative						
Administrative Services	4,500	2,625	2,625	0	41.66%	
District Management	15,600	9,100	9,100	0	41.66%	
District Engineer	2,500	1,458	1,850	(392)	26.00%	
Disclosure Report	5,000	5,000	5,000	0	0.00%	
Trustees Fees	7,000	4,083	0	4,083	100.00%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	3,600	2,100	2,100	0	41.66%	
Accounting Services	15,000	8,750	8,750	0	41.66%	
Auditing Services	3,170	0	3,170	(3,170)	0.00%	
Arbitrage Rebate Calculation	600	350	0	350	100.00%	
Public Officials Liability Insurance	2,475	2,475	2,250	225	9.09%	
Legal Advertising	2,000	1,167	1,450	(283)	27.51%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Hosting, Maintenance, Backup	2,100	1,225	1,225	0	41.66%	
Legal Counsel						
District Counsel	20,000	11,667	7,544	4,123	62.28%	
Electric Utility Services						
Utility Services	14,000	8,167	9,362	(1,195)	33.13%	
Stormwater Control						
Aquatic Maintenance	3,480	2,030	1,957	73	43.76%	
Fountain Service Repairs & Maintenance	1,884	1,099	1,233	(134)	34.55%	
Wetland Monitoring & Maintenance	1,000	583	0	583	100.00%	
Stormwater System Maintenance	1,000	583	628	(45)	37.20%	
Other Physical Environment						
General Liability Insurance	2,750	2,750	2,500	250	9.09%	
Property Insurance	774	452	704	(253)	9.04%	
Landscape Maintenance	112,000	65,333	71,721	(6,388)	35.96%	
Irrigation Repairs	5,000	2,917	13,560	(10,644)	(171.20)%	
Ornamental Lighting & Maintenance	1,000	583	145	438	85.50%	
Tree Triming Services	1,500	875	0	875	100.00%	
Annual Mulching	57,000	33,250	41,882	(8,632)	26.52%	
Landscape Replacement Plants, Shrubs, Trees	3,200	1,867	98	1,769	96.93%	
Rust Prevention	5,000	2,917	0	2,917	100.00%	
Road & Street Facilities						

Street Light Decorative Light Maintenance	3,700	2,158	11,001	(8,843)	(197.32)%	
Street Sign Repair & Replacement	800	467	0	467	100.00%	
Sidewalk Repair & Maintenance	2,750	1,604	0	1,604	100.00%	
Roadway Repair & Maintenance	1,000	583	7,296	(6,713)	(629.60)%	
Parks & Recreation						
Boardwalk & Bridge Maintenance	 	20,000		 	11,667		 	865		 	10,802		 	95.67%	
Total Expenditures	 	331,358		 	197,460		 	213,790		 	(16,331)		 	35.48%	
Excess of Revenue Over (Under) Expenditures	(28,322)		105,576		126,164		20,588		545.46%	

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		133,898		126,164		(7,734)		0.00%	

Fund Balance, Beginning of Period										
	0		0		277,330		277,330		0.00%	
Fund Balance, End of Period	 	0		 	133,898		 	403,494		 	269,596		 	0.00%	

Statement of Revenues and Expenditures 200 - Debt Service Fund
From 10/1/2018 Through 4/30/2019
(In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		8,899		8,899		0.00%	
Special Assessments								
Tax Roll	133,534		134,323		788		0.59%	
Off Roll	276,828		343,263		66,435		23.99%	
Total Revenues	410,362		486,484		76,122		18.55%	

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		
93,855		
93,855		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(2,533)		(2,533)		0.00%	
SPE Costs	0		(12,580)		(12,580)		0.00%	
Total Other Financing Sources (Uses)	0		(15,113)		(15,113)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
78,742		
78,742		
0.00%	

Fund Balance, Beginning of Period								
	0		(9,081,732)		(9,081,732)		0.00%	
Fund Balance, End of Period	 	0		 	(9,002,990)		 	(9,002,990)		 	0.00%	

Interest Earnings	0	6,084	6,084	0.00% Contributions & Donations From
Private Sources

Developer Contributions	0		127,886		127,886		0.00%	
Total Revenues	0		133,970		133,970		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		
101,195		
101,195		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		2,533		2,533		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		103,728		103,728		0.00%	

Fund Balance, Beginning of Period								
	0		399,134		399,134		0.00%	
Fund Balance, End of Period	 	0		 	502,862		 	502,862		 	0.00%	

NatureWalk CDD Investment Summary April 30, 2019

	Balance as of		
Account

State Board of Administration	Investment

Local Government Investment Pool	April 30, 2019

$	

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	235,589
US Bank Series 2007AB Revenue	Fidelity Government Port Cl III	493,361

Total Debt Service Fund Investments     $	959,082 

US Bank Series 2007AB Construction	Fidelity Government Port Cl III	$	534,557	
US Bank Series 2007AB KLP Contribution	Fidelity Government Port Cl III	257	

Total Capital Project Fund Investments     $	534,814 

Summary A/R Ledger 001 - General Fund
From 4/1/2019 Through 4/30/2019

Invoice Date	Customer Name	Invoice Number	Current Balance

9/30/2015	New NatureWalk, LLC	ORA2009NW.NWD	83,092.16	
10/1/2018	Tax Collector - Walton County	FY18-19	71,091.68	
		
Total 001 - General Fund	
154,183.84	

Summary A/R Ledger 200 - Debt Service Fund
From 4/1/2019 Through 4/30/2019

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	New NatureWalk, LLC	321-19-02	205,750.40	
10/1/2018	Tax Collector - Walton County	FY18-19	35,803.21	
		
Total 200 - Debt Service Fund	
7,863,353.18	

Report Balance	8,017,537.02

Aged Payables by Invoice Date Aging Date - 11/1/2018
001 - General Fund
From 4/1/2019 Through 4/30/2019

Vendor Name		Invoice Date		Invoice Number		Invoice		Current Balance	

Crystal Lynn Grimes		
11/27/2018		
CG112718		
Board Of Supervisors Meeting 11/27/18		
200.00	
Lisa Davis Jones		11/27/2018		LJ112718		Board Of Supervisors Meeting 11/27/18		200.00	
Todd Schermerhorn		11/27/2018		TS112719		Board Of Supervisors Meeting 11/27/18		200.00	
Hopping Green & Sams		4/10/2019		106908		General Legal Counsel 03/19		435.50	
GreenEarth Landscape Services LLC		4/19/2019		62806		Paver Repairs 04/19		1,571.00	
		4/19/2019		62807		Spring Annuals 04/19		7,886.00	
		4/26/2019		62876		Stuck Valve Repair 04/19		300.00	
		4/26/2019		62877		#6214 Irrigation Repairs 04/19		220.00	
		4/26/2019		62878		Stuck Valve Main Entrance 04/19		445.00	
		4/26/2019		62879		#6241 Irrigation Repairs 04/19		150.00	
		4/26/2019		62880		#6340 Irrigation Repairs 04/19		745.00	
		4/30/2019		CM229 04/19		Credit for Spring Annuals 04/19		(3,720.80)	
GateHouse Media DBA Northwest Florida Papers		5/5/2019		2030768-0419		Acct# 2030768 Legal Advertising 04/19		160.59	
						
Total 001 - General Fund		
8,792.29	

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	
						
Total 300 - Capital Projects Fund		
31,951.42	

Report Total								
40,743.71	

Inflows:	Debt Proceeds - Series A & B	$	16,735,569.81		
	Underwriter Discount	400,000.00		
	Total Bond Proceeds:	17,135,569.81		
	Interest Earnings	183,248.56		
	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	9,421.99		
	Transfer from Prepayment B	3,336.99		
	Transfer from Sinking	55.96		
	Total Inflows:	  $	17,617,620.66 		
Outflows:				
Requisition	Requisition	Contractor	Amount	Status With Trustee	
Date	Number		as of 04/30/19	
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 April 30, 2019	 $	502,605.27 

* 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 April 30, 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	276.89		
	Total Inflows:	  $	463,087.29		

Outflows: Requisition	

Requisition	Contractor	

Amount	

Status With Trustee	
Date	Number		as of 04/30/19	

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)	Cleared	
	Total Requisitions:	(462,830.18)		
	
Total Outflows:	
(462,830.18)		

Funds Available in KLP Contribution Account at April 30, 2019	 $	257.11

NatureWalk Community Development District Notes to Unaudited Financial Statements
April 30, 2019

Balance Sheet

Trust statement activity has been recorded through 04/30/19.
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.