NatureWalk Community Development District

Financial Statements (Unaudited)

July 31, 2019

Prepared by: Rizzetta & Company, Inc.

naturewalkcdd.org rizzetta.com

NatureWalk Community Development District
Balance Sheet As of 7/31/2019
(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	304,196		0		0		304,196		0		0	
Investments	11		971,853		506,791		1,478,654		0		0	
Accounts Receivable	101,843		7,836,993		10,950		7,949,786		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		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		16,353,544		0	
Total Assets	 	324,498		 	1,187,047		 	517,741		 	2,029,285		 	16,353,544		 	13,445,000	

Liabilities												
Accounts Payable	0		0		10,950		10,950		0		0	
Accrued Expenses Payable	1,000		0		0		1,000		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	0		0		0		0		0		0	
Debt Service Obligations - Current	0		10,706,058		0		10,706,058		0		0	
Revenue Bonds Payable--Long Term	0		0		0		0		0		13,445,000	
Total Liabilities	1,000		10,706,058		10,950		10,718,008		0		13,445,000	

Fund Equity & Other Credits												
Beginning Fund Balance	277,330		(9,081,732)		399,134		(8,405,268)		16,353,544		0	
Net Change in Fund Balance	46,168		(437,279)		107,657		(283,455)		0		0	
Total Fund Equity & Other Credits	323,498		(9,519,011)		506,791		(8,688,723)		16,353,544		0	

Total Liabilities & Fund Equity	 	324,498	 	1,187,047	 	517,741	 	2,029,285	 	16,353,544	 	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	4,000	1,400	2,600	70.83%	
Financial & Administrative						
Administrative Services	4,500	3,750	3,750	0	16.66%	
District Management	15,600	13,000	13,000	0	16.66%	
District Engineer	2,500	2,083	1,850	233	26.00%	
Disclosure Report	5,000	5,000	5,000	0	0.00%	
Trustees Fees	7,000	5,833	0	5,833	100.00%	
Assessment Roll	5,000	5,000	5,000	0	0.00%	
Financial & Revenue Collections	3,600	3,000	3,000	0	16.66%	
Accounting Services	15,000	12,500	12,500	0	16.66%	
Auditing Services	3,170	3,170	6,340	(3,170)	(100.00)%	
Arbitrage Rebate Calculation	600	500	450	50	25.00%	
Public Officials Liability Insurance	2,475	2,475	2,250	225	9.09%	
Legal Advertising	2,000	1,667	1,610	56	19.48%	
Dues, Licenses & Fees	175	175	175	0	0.00%	
Website Hosting, Maintenance, Backup	2,100	1,750	1,750	0	16.66%	
Legal Counsel						
District Counsel	20,000	16,667	13,065	3,602	34.67%	
Electric Utility Services						
Utility Services	14,000	11,667	13,888	(2,221)	0.80%	
Stormwater Control						
Aquatic Maintenance	3,480	2,900	2,920	(20)	16.09%	
Fountain Service Repairs & Maintenance	1,884	1,570	1,704	(134)	9.55%	
Wetland Monitoring & Maintenance	1,000	833	0	833	100.00%	
Stormwater System Maintenance	1,000	833	628	205	37.20%	
Other Physical Environment						
General Liability Insurance	2,750	2,750	2,500	250	9.09%	
Property Insurance	774	645	704	(59)	9.04%	
Landscape Maintenance	112,000	93,333	107,280	(13,947)	4.21%	
Irrigation Repairs	5,000	4,167	20,426	(16,259)	(308.52)%	
Ornamental Lighting & Maintenance	1,000	833	145	688	85.50%	
Tree Triming Services	1,500	1,250	0	1,250	100.00%	
Annual Mulching	57,000	47,500	41,882	5,618	26.52%	
Landscape Replacement Plants, Shrubs, Trees	3,200	2,667	98	2,569	96.93%	
Rust Prevention	5,000	4,167	0	4,167	100.00%	
Road & Street Facilities						

Street Light Decorative Light Maintenance	3,700	3,083	12,121	(9,038)	(227.59)%	
Street Sign Repair & Replacement	800	667	0	667	100.00%	
Sidewalk Repair & Maintenance	2,750	2,292	2,690	(398)	2.18%	
Roadway Repair & Maintenance	1,000	833	7,296	(6,463)	(629.60)%	
Parks & Recreation						
Boardwalk & Bridge Maintenance	 	20,000		 	16,667		 	8,365		 	8,302		 	58.17%	
Total Expenditures	 	331,358		 	279,227		 	293,787		 	(14,560)		 	11.34%	
Excess of Revenue Over (Under) Expenditures	(28,322)		23,809		46,168		22,358		263.01%	

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		52,131		46,168		(5,964)		0.00%	

Fund Balance, Beginning of Period										
	0		0		277,330		277,330		0.00%	
Fund Balance, End of Period	 	0		 	52,131		 	323,498		 	271,366		 	0.00%	

Statement of Revenues and Expenditures 200 - Debt Service Fund
From 10/1/2018 Through 7/31/2019
(In Whole Numbers)

Current Period
Annual Budget	Actual

Budget To Actual Variance

Budget Percent Remaining

 	 	 	

Revenues
Interest Earnings
Interest Earnings	0		13,700		13,700		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		491,285		80,923		19.72%	

Expenditures
Legal Counsel
Trustee Counsel	0		33,590		(33,590)		0.00%	
Debt Service								
Interest	270,362		723,686		(453,324)		(167.67)%	
Principal	140,000		140,000		0		0.00%	
Total Expenditures	410,362		897,276		(486,914)		(118.65)%	

Excess of Revenue Over (Under) Expenditures	
0		
(405,992)		
(405,992)		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		(3,708)		(3,708)		0.00%	
SPE Costs	0		(27,580)		(27,580)		0.00%	
Total Other Financing Sources (Uses)	0		(31,287)		(31,287)		0.00%	

Excess of Rev./Other Sources Over (Under) Expend./Other Uses	
0		
(437,279)		
(437,279)		
0.00%	

Fund Balance, Beginning of Period								
	0		(9,081,732)		(9,081,732)		0.00%	
Fund Balance, End of Period	 	0		 	(9,519,011)		 	(9,519,011)		 	0.00%	

Interest Earnings	0	8,838	8,838	0.00% Contributions & Donations From
Private Sources

Developer Contributions	0		138,836		138,836		0.00%	
Total Revenues	0		147,674		147,674		0.00%	

Expenditures
Other Physical Environment								
Improvements Other Than Buildings	0		43,725		(43,725)		0.00%	
Total Expenditures	0		43,725		(43,725)		0.00%	

Excess of Revenue Over (Under) Expenditures	
0		
103,949		
103,949		
0.00%	

Other Financing Sources (Uses)								
Interfund Transfer	0		3,708		3,708		0.00%	
Excess of Rev./Other Sources Over (Under) Expend./Other Uses	0		107,657		107,657		0.00%	

Fund Balance, Beginning of Period								
	0		399,134		399,134		0.00%	
Fund Balance, End of Period	 	0		 	506,791		 	506,791		 	0.00%	

NatureWalk CDD Investment Summary July 31, 2019

	Balance as of		
Account

State Board of Administration	Investment

Local Government Investment Pool	July 31, 2019

$	

11	

Total General Fund Investments      $	11

US Bank Series 2007A Interest	US Bank Managed Money Market Account	$	3
US Bank Series 2007B Interest	US Bank Managed Money Market Account	3
US Bank Series 2007A Reserve	US Bank Managed Money Market Account	170,803
US Bank Series 2007B Reserve	US Bank Managed Money Market Account	59,323
US Bank Series 2007A Prepayment	US Bank Managed Money Market Account	236,793
US Bank Series 2007AB Revenue	US Bank Managed Money Market Account	504,928

Total Debt Service Fund Investments     $	971,853 

US Bank Series 2007AB Construction	US Bank Managed Money Market Account	$	506,453	
US Bank Series 2007AB KLP Contribution	US Bank Managed Money Market Account	338	

Total Capital Project Fund Investments     $	506,791 

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		18,750.87	
				
Total 001 - General Fund		
101,843.03	

Summary A/R Ledger 200 - Debt Service Fund
From 7/1/2019 Through 7/31/2019

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	9,443.32	
		
Total 200 - Debt Service Fund	
7,836,993.29	

Summary A/R Ledger 300 - Capital Projects Fund
From 7/1/2019 Through 7/31/2019

Invoice Date	Customer Name	Invoice Number	Current Balance

7/1/2019	KLP Destin, LLC	70119	10,950.00

Total 300 - Capital Projects Fund

10,950.00

Report Balance	7,949,786.32

Aged Payables by Invoice Date Aging Date - 7/1/2019
300 - Capital Projects Fund From 7/1/2019 Through 7/31/2019

Vendor Name	Invoice Date	Invoice Number	Invoice	Current Balance

Innerlight Engineering Corporation

7/1/2019

KLP 10 Innerlight

S2007 KLP 10	10,950.00

Total 300 - Capital Projects Fund

10,950.00

Report Total	10,950.00

Inflows:	Debt Proceeds - Series A & B	$	16,735,569.81		
	Underwriter Discount	400,000.00		
	Total Bond Proceeds:	17,135,569.81		
	Interest Earnings	185,921.79		
	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	10,596.26		
	Transfer from Prepayment B	3,336.99		
	Transfer from Sinking	55.96		
	Total Inflows:	  $	17,621,468.16 		
Outflows:				
Requisition	Requisition	Contractor	Amount	Status With Trustee	
Date	Number		as of 07/31/19	
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)	Cleared	
01/17/19	113	GAC Contractors		(24,817.47)	Cleared	
01/17/19	114	GAC Contractors		(2,453.95)	Cleared	
			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 July 31, 2019	 $	506,452.77 

* 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 July 31, 2019	

Inflows:	KLP Contribution	$	333,405.89		
	Due From KLP	10,950.00		
	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	357.71		
	Total Inflows:	  $	474,118.11		

Outflows: Requisition	

Requisition	Contractor	

Amount	

Status With Trustee	
Date	Number		as of 07/31/19	

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	
07/01/19	KLP 10	Innerlight Engineering	(10,950.00)	AP	
	Total Requisitions:	(473,780.18)		
	
Total Outflows:	
(473,780.18)		

Funds Available in KLP Contribution Account at July 31, 2019	 $	337.93

NatureWalk Community Development District Notes to Unaudited Financial Statements
July 31, 2019

Balance Sheet

Trust statement activity has been recorded through 07/31/19.
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 – May 2019.

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.