NatureWalk Community Development District

Board of Supervisors’ Regular Meeting
July 7, 2022

District Office:
120 Richard Jackson Blvd, Suite 220 Panama City Beach, Florida 32407 850-334-9055

www.naturewalkcdd.org

NATUREWALK
COMMUNITY DEVELOPMENT DISTRICT AGENDA
Walton County Coastal Branch Library 437 Greenway Trail, Santa Rosa Beach, FL 32459

District Board of Supervisors	Jonette Coram Todd Egizii Mike Grubbs	Chairman
Vice Chairman Assistant Secretary	

District Manager	
Kimberly O’Mera	
Rizzetta & Company, Inc.	
District Counsel	Joseph Brown	Kutak Rock LLP	
District Engineer	James Martelli, P.E.	Innerlight Engineering Corporation	
Bond Counsel	Cynthia E. Wilhelm	Nabors, Giblin & Nickerson, P.A.	

All Cellular phones and pagers must be turned off while in the meeting room.
The District Agenda is comprised of five different sections:

The first section which is called Audience Comments on Agenda Items. The Audience Comment portion of the agenda is where individuals may comment on matters that concern the District. Each individual is limited to three (3) minutes for such comment. The Board of Supervisors or Staff is not obligated to provide a response until sufficient time for research or action is warranted. IF THE COMMENT CONCERNS A MAINTENANCE RELATED ITEM, THE ITEM WILL NEED TO BE ADDRESSED BY THE DISTRICT MANAGER OUTSIDE THE CONTEXT OF THIS
MEETING. The second section is called Business Administration. The Business Administration section contains items that require the review and approval of the District Board of Supervisors as a normal course of business. The third section is called Staff Reports. This section allows the District Manager, Engineer, and Attorney to update the Board of Supervisors on any pending issues that are being researched for Board action. The fourth section is called Business Items. The business items section contains items for approval by the District Board of Supervisors that may require discussion, motion and votes on an item-by-item basis. If any member of the audience would like to speak on one of the business items, they will need to register with the District Manager prior to the presentation of that agenda item. Occasionally, certain items for decision within this section are required by Florida Statute to be held as a Public Hearing. During the Public Hearing portion of the agenda item, each member of the public will be permitted to provide one comment on the issue, prior to the Board of Supervisors’ discussion, motion and vote. Agendas can be reviewed by contacting the Manager’s office at (850) 334-9055 at least seven days in advance of the scheduled meeting. Requests to place items on the agenda must be submitted in writing with an explanation to the District Manager at least fourteen (14) days prior to the date of the meeting. The final section is called Supervisor Requests and Audience Comments. This is the section in which the Supervisors may request Staff to prepare certain items in an effort to meet residential needs and provides members of the audience the opportunity to comment on matters of concern to them that were not addressed during the meeting.

Public workshops sessions may be advertised and held in an effort to provide informational services. These sessions allow staff or consultants to discuss a policy or business matter in a more informal manner and allow for lengthy presentations prior to scheduling the item for approval. Typically no motions or votes are made during these sessions.

Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations to participate in this meeting is asked to advise the District Office at (850) 334-9055, at least 48 hours before the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service at 7-1-1, who can aid you in contacting the District Office.

Any person who decides to appeal any decision made by the Board with respect to any matter considered at the meeting is advised that this same person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which the appeal is to be based.

NATUREWALK COMMUNITY DEVELOPMENT DISTRICT
District Office  120 Richard Jackson Blvd., Suite 220, Panama City Beach, FL 32407
http://naturewalkcdd.org/

June 30, 2022
Board of Supervisors NatureWalk Community Development District
AGENDA

Dear Board Members:

The regular meeting of the Board of Supervisors of the NatureWalk Community Development District will be held on Thursday, July 7, 2022, at 3:30 p.m. (Central Time) at the Walton County Coastal Branch Library, located at 437 Greenway Trail, Santa Rosa Beach, FL 32459. The following is the agenda for this meeting:

CALL TO ORDER/ROLL CALL
AUDIENCE COMMENTS ON AGENDA ITEMS
BUSINESS ADMINISTRATION
Consideration of Minutes of the Board of Supervisors
Meeting Held on June 2, 2022	Tab 1
Ratification of Acceptance of Annual Audit, Fiscal Year Ending
September 30, 2021	Tab 2
STAFF REPORTS
District Landscape Provider
Update on Tree Trimming
Update on Declining Grasses
Update on Watering Schedule
Update on Irrigation Separation
District Counsel
District Engineer
District Manager
Review of District Manager Report	(under separate cover)
BUSINESS ITEMS
Consideration and Discussion of Action Item List	(under separate cover)
Continued Discussion on Recreation Policy	(under separate cover)
Continued Discussion on Traffic Enforcement Policy…	Tab 3
SUPERVISOR REQUESTS AND AUDIENCE COMMENTS
ADJOURNMENT

I look forward to seeing you at the meeting. In the meantime, if you have any questions, please do not hesitate to call me at 850-334-9055.

Sincerely,

Kimberly O’Mera District Manager

CALL TO ORDER / ROLL CALL

AUDIENCE COMMENTS ON AGENDA ITEMS

BUSINESS ADMINISTRATION

Tab 1

1	MINUTES OF MEETING
2
Each person who decides to appeal any decision made by the Board with respect to any matter
considered at the meeting is advised that the person may need to ensure that a verbatim record
of the proceedings is made, including the testimony and evidence upon which such appeal is to
be based.
7
8	NATUREWALK
9	COMMUNITY DEVELOPMENT DISTRICT
10
11	The special meeting of the Board of Supervisors of the NatureWalk Community
12	Development District was held on Thursday, June 2, 2022, at 3:30 p.m. at the Walton
13	County Coastal Branch Library, located at 437 Greenway Trail, Santa Rosa Beach, FL
14	32459.
15
16	Present and constituting a quorum:
17
18	Jonette Coram	Board Supervisor, Chairman
19	Todd Egizii	Board Supervisor, Vice Chairman
20	Mike Grubbs	Board Supervisor, Assistant Secretary
21
22	Also present were:
23
24	Joe Brown	District Counsel, Kutak Rock, LLP
25	(Via Speakerphone)
26	Jim Martelli	District Engineer, Innerlight Engineering
27	(Via Speakerphone)
28	Kimberly O’Mera	District Manager, Rizzetta & Company, Inc.
29	Karesse Bellenbaum	District Landscape Provider, GreenEarth
30
31	Audience	Present
32
33
34
35	FIRST ORDER OF BUSINESS	Call to Order
36
37	Ms. O’Mera called the meeting to order at 3:30 p.m.
38
SECOND ORDER OF BUSINESS	Audience Comments on Agenda
Items
41
An audience member expressed concerns about signage within the District. Mr.
Egizii gave an overview of reasons for varying designs noting reasons such as
Developer installing regulatory signage not meeting DOT requirements, HOA installing
various signs, and an overview of the MOU-Walton County requirements. Discussion
ensued.

47		
48	THIRD ORDER OF BUSINESS	Consideration of Minutes of the Regular	
49		Board of Supervisors Meeting held on	
50		May 5, 2022	
51			
52			
On a Motion by Mr. Egizii, seconded Supervisors approved the Minutes of held on May 5, 2022, for NatureWalk	by Mr. Grubbs, with all in favor, the Board of the Regular Board of Supervisors’ Meeting
Community Development District.	
53
FOURTH ORDER OF BUSINESS	Ratification	of	Operation	and
Maintenance	Expenditures	for
March – April 2022
57
Ms. O’Mera presented the Operation and Maintenance Expenditures for March 2022,
in the amount of $78,892.08 which included a payment in the amount of $50,000.00 to Nature
Bridges, and Operations and Maintenance Expenditures for April 2022, in the amount of
$39,633.02 which included a payment in the amount of $8.800.00 for the regulatory signage
installation.
63

On a Motion by Mr. Egizii, seconded by Ms. Coram, with all in favor, the Board of Supervisors ratified Operation and Maintenance Expenditures for March 2022 in the amount of $78,892.08 and April 2022 in the amount of $39,633.02, for NatureWalk Community Development District.

64
65
66
67	FIFTH ORDER OF BUSINESS	Staff Reports
68
69
1.	District Landscape Providers
Ms. Coram expressed concerns about the trees near first bridge having never
been trimmed. Discussion ensued with finding a solution regarding continuous
recommendation to replace declining sod with pine straw rather than provide
necessary corrective action.
75
Ms. O’Mera asked for an update on the proposed irrigation separation at the
attorneys office. Ms. Bellenbaum agreed to inform the District of the plans, prior
to commencement.
79
Ms. Bellenbaum will discuss with the landscapers on their previous work ethic
that was brought to her attention. Ms. Bellenbaum will go out on the 14th and
check the timing of irrigation.

84
2.	District Counsel
No report.
87
3.	District Engineer
Mr. Martelli gave an overview of the Stormwater Needs Analysis presented
behind Tab 4 of the agenda packet.

On a Motion by Ms. Coram, seconded by Mr. Grubbs, with all in favor, the Board of Supervisors ratified Acceptance of Stormwater Needs Analysis, for NatureWalk Community Development District.

92
93
94
95
96
4.	District Manager
Ms. O’Mera reviewed the District Manager Report. She also provided an
overview of the current operating funds and expenditures.
100
Ms. O’Mera reminded the Board of the next regular meetings on July 7, 2022,
at 3:30 p.m. and August 4, 2022, at 3:30 p.m. to be held at the Walton County
Coastal Branch Library.
104
105	SIXTH ORDER OF BUSINESS	Consideration of Continuing Service
106	Agreements
107
108	i.	Electrical Services- Gulf Coast Electric
109
110

On a Motion by Mr. Egizii, seconded by Mr. Grubbs, with all in favor, the Board of Supervisors approved Continuing Service Agreement – Gulf Coast Electric, for NatureWalk Community Development District.

111
112
113	ii.	Bridge and Boardwalk – Nature Bridges
114
Ms. O’Mera informed the Board that the agreement has been executed by both parties
and would be looking for a motion to ratify the acceptance of the Agreement, if there were no
concerns.
118

On a Motion by Mr. Egizii, seconded by Mr. Grubbs, with all in favor, the Board of Supervisors ratified Continuing Service Agreement – Nature Bridges, for NatureWalk Community Development District.

119

121
SEVENTH ORDER OF BUSINESS	Consideration of Boardwalk Repair
Proposal – Nature Bridges
124
Ms. O’Mera turned the discussion over to Ms. Coram. Ms. Coram stated that she had
executed the agreement after identifying boards in need of repair. Safety cones were placed
and screwed onto ceratin damaged boards. In regards to the remaining work to complete the
bridge project, Ms. Coram stated that Nature Bridges will be back on July 9th to install the
twenty-three (23) pedestrian boards they were shorted on Bridge 1, outgoing side.
130
On a Motion by Ms. Coram, seconded by Mr. Egizii, with all in favor, the Board of Supervisors ratified Acceptance of Boardwalk Repair Proposal - Nature Bridges, in the amount of $33,200.00, for NatureWalk Community Development District.
131
132
133
EIGHTH ORDER OF BUSINESS	Ratification of Acceptance of Pine
Straw	Installation	Agreement-
Southeast Straw
137
138
On a Motion by Ms. Egizii, seconded by Mr. Grubbs, with all in favor, the Board of Supervisors ratified the acceptance of Pine Straw Installation Agreement- Southeast Straw, for NatureWalk Community Development District.
139
NINTH ORDER OF BUSINESS	Consideration of Licensing Agreement
with the Homeowners’ Association for
Speed Radar Sign Placement on District
Regulatory Sign
144
Ms. O’Mera stated that the business item was a follow up to previous approval by
the Board for the NatureWalk Homeowners’ Association (per its’ request) to mount a
mobile speed radar sign on District regulatory signs. General discussion ensued.
148
As the Homeowners’ Association were still considering all desired locations, Ms.
Coram will work with the Homeowners’ Association and provide District Counsel final
locations to be added to the agreement as options for use.
152

On a Motion by Ms. Grubbs, seconded by Mr. Egizii, with all in favor, the Board of Supervisors approved entering into a Licensing Agreement with NatureWalk Homeowners’ Association for Speed Radar Sign Placement on District Regulatory Sign, with final language and locations to be approved by Ms. Coram, with Ms. Coram executing the same, for NatureWalk Community Development District.

153
154	TENTH ORDER OF BUSINESS	Consideration	of	Landowner
155	Request to Alter District Property
156
157	i.	10 Salamander Circle
158
159	Ms. O’Mera turned the presentation over to Ms. Coram.
160
Ms. Coram gave an overview of the request. The property owner believes that the
retaining wall improvement would fall within their lot line. General discussion ensued. Ms.
Coram will work with the landowner and District Counsel to provide a legally acceptable
description of any true encroachment in order to prepare an easement, if necessary. An
easement would be to the benefit of the landowner as it would get them the legal right to
have the improvement. To the Districts’ benefit, it would set forth certain maintenance
obligations of the property owner. If an easement were required, the District would look to
the property owner to cover the expenses.
169
On a Motion by Ms. Egizii, seconded by Mr. Grubbs, with all in favor, the Board of Supervisors approved Ms. Coram to work with the Landowner and District Counsel to determine if an encroachment would exist and to enter into an easement if necessary, for NatureWalk Community Development District.
170
171
ELEVENTH ORDER OF BUSINESS	Discussion and Consideration of
Street Light Sensors and Numbering
Strategy
175
Ms. Coram gave an overview of the proposal from Gulf Coast Electric to replace all
sensors, transformer before Bridge #3, two (2) hours to troubleshoot Bridge #1 lighting, and
encase a sensor exposed to the elements off Sandgrass Boulevard, in the amount of
$2,611.00. She stated that with all sensors replaced and operational, they can move forward
with determining the interconnectivity and numbering the streetlights. General discussion
ensued regarding options for numbering the streetlights. Ms. Coram will execute the
proposal.
183
TWELFTH ORDER OF BUSINESS	Discussion / Consideration of Action
Item List
186
Ms. Coram reviewed the Action Item List with the Board’s input. General discussion ensued.

On a Motion by Mr. Coram, seconded by Mr. Grubbs, with all in favor, the Board of Supervisors approved Mr. Egizii working with District Staff to enter into a Towing Agreement with another towing company in the event that AutoWorks did not execute the agreement, for NatureWalk Community Development District.

188
THIRTEENTH ORDER OF BUSINESS	Continued Discussion of Adopting	a
Recreation Policy and Amendments to
Traffic Enforcement Policy
192
193
194	Recreation Policy
195
Ms. Coram reminded the Board that there was audience comments at the previous
meeting that a policy would be more substantial than a recommendation document. General
discussion ensued to fine tune a recommended policy.
199
200	Revisions to Traffic Enforcement Policy
201
Ms. Coram reviewed the areas of the policy that need to be amended. General
discussion ensued. Mr. Grubbs will bring the Board recommended changes at the next
meeting.
205
The Board will set a Public Hearing for August 11, 2022, at 12:00 p.m. at the Walton
Area Chamber of Commerce located at 63 South Centre Trail, Santa Rosa Beach, FL
32459 for NatureWalk Community Development District. meeting to consider a District
Recreation Policy.
210
211
212
FOURTEENTH ORDER OF BUSINESS	Consideration of Resolution 2022-07,
Designating a Date, Time, and Location
for Landowners’ Meeting
216
217
On a Motion by Mr. Egizii, seconded by Mr. Grubbs, with all in favor, the Board of Supervisors adopted Resolution 2022-07, Designating a Date, Time, and Location for Landowners Meeting, to be held on November 3, 2022, at 12:00 p.m. at the Walton Area Chamber of Commerce, located at 63 South Centre Trail, Santa Rosa Beach, FL 32459, for NatureWalk Community Development District.
218
219	FIFTEENTH ORDER OF BUSINESS	Presentation of Proposed Budget for
220	Fiscal Year 2022/2023
221
222	Ms. O’Mera presented Proposed Budget. Discussions ensued.
223
224
225
226

227	SIXTEENTH ORDER OF BUSINESS	Consideration of Resolution 2022-08,	
228		Approving Proposed Budget, Declaring	
229		Assessments,	and	Setting	Public	
230		Hearing	
231			
232	Ms. O’Mera presented Resolution	2022-08 and Proposed Budget with the Line 79	
233	increasing to $50,000.00.		

SEVENTEENTH ORDER OF BUSINESS

Supervisor Requests

No supervisor requests.

An audience member had questions and concerns regarding the boardwalk repairs, recreation policy, and signage. Discussion ensued.

234		

On a Motion by Mr. Grubbs, seconded by Mr. Egizii, with all in favor, the Board of Supervisors adopted Resolution 2022-08 Approving Fiscal Year 2022-2023 Proposed Budget, Declaring Assessments, and Setting Public Hearing for August 11, 2022, at 12:00 p.m., at the Walton Area Chamber of Commerce located at 63 South Centre Trail, Santa Rosa Beach, FL 32459 for NatureWalk Community Development District.

235
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244
245
246
247
248
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250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271

272
273	EIGHTEENTH ORDER OF BUSINESS
274
275
276	Adjournment
277
On a Motion by Ms. Coram, seconded by Mr. Egizii, with all in favor, the Board adjourned the meeting at 6:02 p.m. CST for the NatureWalk Community Development District.
278
279
280
 		 	
Secretary/Assistant Secretary	Chairman/ Vice Chairman
283
284
285
286
287

Tab 2

NatureWalk Community Development District

ANNUAL FINANCIAL REPORT

September 30, 2021

NatureWalk Community Development District ANNUAL FINANCIAL REPORT
Fiscal Year Ended September 30, 2021 TABLE OF CONTENTS

Page Number

REPORT OF INDEPENDENT AUDITORS		1-3	
MANAGEMENT’S DISCUSSION AND ANALYSIS		4-9	
BASIC FINANCIAL STATEMENTS:
Government-wide Financial Statements Statement of Net Position Statement of Activities
Fund Financial Statements:
Balance Sheet – Governmental Funds
Reconciliation of Total Governmental Fund Balances Position of Governmental Activities
Statement of Revenues, Expenditures and Changes i Balances – Governmental Funds
Reconciliation of the Statement of Revenues, Expenditu Changes in Fund Balances of Governmental Funds Statement of Activities
Statement of Revenues, Expenditures and Changes i Balances – Budget and Actual – General Fund		

10	
		11	
		12	
	to Net		
		13	
	n Fund		
		14	
	res and		
	to the		
		15	
	n Fund		
		16	
Notes to Financial Statements		17-28	

INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH
GOVERNMENT AUDITING STANDARDS	29-30
MANAGEMENT LETTER	31-34
INDEPENDENT ACCOUNTANTS’ REPORT/COMPLIANCE WITH SECTION
218.415, FLORIDA STATUTES	35

REPORT OF INDEPENDENT AUDITORS

To the Board of Supervisors
NatureWalk Community Development District Walton County, Florida

Report on the Financial Statements

We have audited the accompanying financial statements of NatureWalk Community Development District as of and for the year ended September 30, 2021, and the related notes to financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.

Management’s Responsibility for the Financial Statements

Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America; this includes the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.

Auditor’s Responsibility

Our responsibility is to express an opinion on these financial statements based on our audit. We conducted our audit in accordance with auditing standards generally accepted in the United States of America. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.

An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in the financial statements. The procedures selected depend on the auditor’s judgment, including the assessment of the risks of material misstatement of the financial statements, whether due to fraud or error. In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation and fair presentation of the financial statements in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s internal control. Accordingly, we express no such opinion. An audit also includes evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the financial statements.

We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinion.
- 1 -

To the Board of Supervisors
NatureWalk Community Development District

Basis for Adverse Opinion on the Discretely Presented Component Unit

The financial statements do not include financial data for the District’s legally separate component unit. Accounting principles generally accepted in the United States of America require the financial data for the component unit to be reported with the financial data of the District’s primary government unless the District also issues financial statements for the financial reporting entity that include the financial data for its component unit. The District has not issued such reporting entity financial statements. Because of this departure from accounting principles generally accepted in the United States of America, the assets, liabilities, net position, revenues, and expenses of the aggregate discretely presented component unit should have been presented.

Adverse Opinion

In our opinion, because of the significance of the matter discussed in the "Basis for Adverse Opinion on the Discretely Presented Component Unit", the financial statements referred to above do not present fairly, the financial position of the discretely presented component unit of the District as of September 30, 2021, or the changes in financial position thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Qualified Opinion

In our opinion, except for the effects of the matter described in the "Basis for Adverse Opinion on the Discretely Presented Component Unit" paragraph, the financial statements referred to above present fairly, in all material respects, the financial position of the aggregate remaining fund information of the District as of September 30, 2021, and the respective changes in financial position thereof for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Unmodified Opinions

In our opinion, the financial statements referred to previously present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District, as of September 30, 2021, and the respective changes in financial position and the budgetary comparison for the General Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America.

- 2 -

To the Board of Supervisors
NatureWalk Community Development District

Other Matters

Required Supplementary Information

Governmental accounting principles generally accepted in the United States of America require that the Management’s Discussion and Analysis be presented to supplement the basic financial statements. Such information, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures in accordance with governmental auditing standards generally accepted in the United States of America, which consisted principally of inquires of management regarding the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.

Other Reporting Required by Government Auditing Standards

In accordance with Government Auditing Standards, we have also issued a report dated June 2, 2022 on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations and contracts.

The purpose of that report is to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering NatureWalk Community Development District’s internal control over financial reporting and compliance.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 2, 2022

- 3 -

Management’s discussion and analysis of NatureWalk Community Development District (the “District”) financial performance provides an objective and easily readable analysis of the District’s financial activities for the fiscal year ended September 30, 2021. The analysis provides summary financial information for the District and should be read in conjunction with the District’s financial statements.

OVERVIEW OF THE FINANCIAL STATEMENTS

The District’s basic financial statements comprise three components; 1) Government-wide financial statements, 2) Fund financial statements, and 3) Notes to financial statements. The Government-wide financial statements present an overall picture of the District’s financial position and results of operations. The Fund financial statements present financial information for the District’s major funds. The Notes to financial statements provide additional information concerning the District’s finances. This report also contains other supplementary information in addition to the basic financial statements.

The Government-wide financial statements are the statement of net position and the statement of activities. These statements use accounting methods similar to those used by private-sector companies. Emphasis is placed on the net position of governmental activities and the change in net position. Governmental activities are primarily supported by special assessments.

The statement of net position presents information on all assets and liabilities of the District, with the difference between assets and liabilities reported as net position. Net position is reported in three categories; 1) net investment in capital assets, 2) restricted, and 3) unrestricted. Assets, liabilities, and net position are reported for all Governmental activities.

The statement of activities presents information on all revenues and expenses of the District and the change in net position. Expenses are reported by major function and program revenues relating to those functions are reported, providing the net cost of all functions provided by the District. To assist in understanding the District’s operations, expenses have been reported as governmental activities. Governmental activities financed by the District include general government, physical environment and debt service.

Fund financial statements present financial information for governmental funds. These statements provide financial information for the major funds of the District. Governmental fund financial statements provide information on the current assets and liabilities of the funds, changes in current financial resources (revenues and expenditures), and current available resources.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Fund financial statements include a balance sheet and a statement of revenues, expenditures and changes in fund balances for all governmental funds. A statement of revenues, expenditures, and changes in fund balances – budget and actual is provided for the District’s General Fund. Fund financial statements provide more detailed information about the District’s activities. Individual funds are established by the District to track revenues that are restricted to certain uses or to comply with legal requirements.

The government-wide financial statements and the fund financial statements provide different pictures of the District. The government-wide financial statements provide an overall picture of the District’s financial standing. These statements are comparable to private-sector companies and give a good understanding of the District’s overall financial health and how the District paid for the various activities, or functions, provided by the District. All assets of the District, including capital assets are reported in the statement of net position. All liabilities, including principal outstanding on bonds are included. The statement of activities includes depreciation on all long-lived assets of the District, but transactions between the different functions of the District have been eliminated in order to avoid “doubling up” the revenues and expenses. The fund financial statements provide a picture of the major funds of the District. In the case of governmental activities, outlays for long lived assets are reported as expenditures and long-term liabilities, such as general obligation bonds, are not included in the fund financial statements. To provide a link from the fund financial statements to the government-wide financial statements, a reconciliation is provided from the fund financial statements to the government- wide financial statements.

Notes to financial statements provide additional detail concerning the financial activities and financial balances of the District. Additional information about the accounting practices of the District, investments of the District, capital assets and long-term debt are some of the items included in the notes to financial statements.

Financial Highlights

The following are the highlights of financial activity for the year ended September 30, 2021.

The District’s total assets were exceeded by total liabilities by $(8,649,698) (net position). Unrestricted net position for Governmental Activities was $(3,578,968). Restricted for capital projects was $192,318. Net investment in capital assets was
$(5,263,048).

Governmental activities revenues totaled $655,033 while governmental activities expenses totaled $1,928,050.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Financial Analysis of the District

The following schedule provides a summary of the assets, liabilities and net position of the District and is presented by category for comparison purposes.

Net Position

Governmental Activities
	2021		2020	
Current assets	$	181,094		$	161,860	
Restricted assets	1,748,873		1,604,675	
Capital assets, net		6,782,336 			7,486,398 	
Total Assets		8,712,303 			9,252,933 	
Current liabilities	12,947,043		12,045,631	
Non-current liabilities		4,414,958 			4,583,983 	
Total Liabilities	  17,362,001 		  16,629,614 	

Net Position				
Net investment in capital assets	(5,263,048)	(4,558,096)	
Restricted for capital projects	192,318	192,266	
Unrestricted		(3,578,968)	  (3,010,851)	
Total Net Position	 $ (8,649,698)	 $(7,376,681)	

The increase in current assets is related to monies collected in the General Fund payable to the Debt Service Fund at the year-end in the current year.

The decrease in capital assets is the result of depreciation in the current year.

The increase in current liabilities is related to the increase in matured bonds and interest payable.

The decrease in net position is primarily the result of the lack of funding to pay the current year debt service payments.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Financial Analysis of the District (Continued)

The following schedule provides a summary of the changes in net position of the District and is presented by category for comparison purposes.

Change in Net Position

Governmental Activities

Program Revenues Charges for services Grants and contribution
General Revenues Investment earnings
Total Revenues		2021		2020	
	$	654,863	$	461,990	
		-		2,000	
		       170 		     13,804 	
		     655,033 		     477,794 	
Expenses
General government Physical environment Interest and other charges
Total Expenses	
252,064	
133,569	
	951,325	930,490	
		724,661 		724,661 	
		1,928,050 		1,788,720 	
Change in Net Position		(1,273,017)		(1,310,926)	
Net Position - Beginning of Year		(7,376,681)		(6,065,755)	
Net Position - End of Year	 $		(8,649,698)	 $		(7,376,681)	

The increase in charges for services is related to an increase in special assessments in the current year.

The increase in general government is related to more legal and engineer fees expenses in the current year.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Capital Assets Activity

The following schedule provides a summary of the District’s capital assets as of September 30,
2021 and 2020.	
Governmental Activities	
Description		2021		2020	
Construction in progress		$	3,274,370		$	3,274,370	
Infrastructure		10,783,621		10,783,621	
Stormwater management		1,917,033		1,917,033	
Improvements other than buildings		478,116		478,116	
Accumulated depreciation			(9,670,804)			(8,966,742)	
Total Capital Assets (Net)		 $	6,782,336 		 $	7,486,398 	

The activity for the year consisted of depreciation of $704,062.

General Fund Budgetary Highlights

Actual expenditures were less than the total budget for the year ended September 30, 2021 because of lower than anticipated mulching and landscape maintenance expenditures.

The budget for the year ended September 30, 2021 was amended for additional street sign repair, engineer and legal expenditures than were anticipated in the original budget.

Debt Management

Governmental Activities debt includes the following:

In March 2007, the District issued $8,295,000 Series 2007A and $11,705,000 Series 2007B Capital Improvement Revenue Bonds. These bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. The District has failed to pay principal payments of $950,000 on the Series 2007A and
$7,895,000 on the Series 2007B Bonds. These amounts are reflected as matured bonds payable in the financial statements. The balance outstanding for the Series 2007A Bonds at September 30, 2021 was $4,600,000.

OVERVIEW OF THE FINANCIAL STATEMENTS (CONTINUED)

Economic Factors and Next Year’s Budget

NatureWalk Community Development District does not expect any economic factors to have any significant effect on the financial positions or results of operation of the District in fiscal year 2022.

Request for Information

The financial report is designed to provide a general overview of NatureWalk Community Development District’s finances for all those with an interest. Questions concerning any of the information provided in this report or requests for additional information should be addressed to the NatureWalk Community Development District, Rizzetta & Company, 3434 Colwell Avenue, Suite 200, Tampa, Florida 33614.

NatureWalk Community Development District	
STATEMENT OF NET POSITION	
September 30, 2021		
	Governmental	
	Activities	
ASSETS		
Current Assets		
Cash	$	141,032	
Investments	11	
Accounts receivable	35,751	
Deposits	2,760	
Prepaid expenses		1,540 	
Total Current Assets		181,094 	
Non-Current Assets		
Restricted assets		
Investments	1,748,873	
Capital Assets, Not Being Depreciated		
Construction in progress	3,274,370	
Capital Assets, Being Depreciated		
Infrastructure	10,783,621	
Stormwater management	1,917,033	
Improvements other than buildings	478,116	
Less: accumulated depreciation		(9,670,804)	
Total Non-current Assets		8,531,209 	
Total Assets		8,712,303 	
LIABILITIES		
Current Liabilities		
Accounts payable and accrued expenses	12,077	
Accrued interest	301,536	
Matured bonds payable	8,845,000	
Matured interest payable	3,618,430	
Bonds payable - current portion		170,000 	
Total Current Liabilities		12,947,043 	
Non-Current Liabilities		
Bonds payable		4,414,958 	
Total Liabilities		17,362,001 	
NET POSITION		
Net investment in capital assets	(5,263,048)	
Restricted for capital projects	192,318	
Unrestricted		(3,578,968)	
Total Net Position	 $	(8,649,698)	

See accompanying notes to financial statements.

STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2021

Program		Net (Expense) Revenues and
Changes in	
Revenues		Net Position	
Charges for		Governmental	
Expenses	Services		Activities	

Functions/Programs
Governmental Activities		
General government	$	(252,064)	$	135,640	$	(116,424)	
Physical environment	(951,325)	206,876	(744,449)	
Interest and other charges		(724,661)		312,347 		(412,314)	
Total Governmental Activities	 $ (1,928,050)	 $	654,863 	(1,273,187)	

General revenues:
Investment earnings	170	

Change in Net Position	
(1,273,017)	
Net Position - Beginning of year		(7,376,681)	
Net Position - End of year	 $	(8,649,698)	

See accompanying notes to financial statements.

BALANCE SHEET - GOVERNMENTAL FUNDS
September 30, 2021

ASSETS	

	General		
Debt
	Service		
Capital
  Projects		Total Governmental
	Funds		
Cash	$  141,032	$	-	$	-	$	141,032	
Investments	11	-	-	11	
Assessments receivable	21,293	14,458	-	35,751	
Due from other funds	-	63,918	-	63,918	
Prepaid items	2,760	-	-	2,760	
Deposits	1,540	-	-	1,540	
Restricted assets
Investments, at fair value	
	- 	
	1,232,728 	
	516,145 	
1,748,873	
Total Assets	 $  166,636 	 $ 1,311,104 	 $  516,145 	 $	1,993,885 	

Accounts payable and accrued expenses	$	12,077	$	-	$	-	$	12,077	
Due to other funds	63,918	-	-	63,918	
Matured bonds payable	-	8,845,000	-	8,845,000	
Matured interest payable		- 		3,618,430 		- 	3,618,430	
Total Liabilities		75,995 	  12,463,430 		- 	12,539,425	

LIABILITIES AND FUND BALANCES LIABILITIES

FUND BALANCES
Nonspendable - prepaid expenses/deposits	4,300	-	-	4,300	
Restricted
Capital projects	
-	-	516,145	
516,145	
Unassigned	86,341		(11,152,326)		-		(11,065,985)	
Total Fund Balances	90,641		(11,152,326)		516,145		(10,545,540)	

Total Liabilities and Fund Balances	
 $  166,636 		
 $ 1,311,104 		
 $  516,145 		
$	1,993,885	

RECONCILIATION OF TOTAL GOVERNMENTAL FUND BALANCES TO NET POSITION OF GOVERNMENTAL ACTIVITIES
September 30, 2021

Total Governmental Fund Balances	$ (10,545,540)	
Amounts reported for governmental activities in the Statement of Net Position	
are different because:			
Capital assets, construction in progress, $3,274,370, infrastructure, $10,783,621	
stormwater management, $1,917,033, and improvements other than buildings, $478,116,	
net of accumulated depreciation, $(9,670,804) are not current financial resources,	
and therefore, are not reported at the fund level.		6,782,336	
Long-term liabilities, including bonds payable, $(4,600,000), net of bond discounts,	
net, $15,042, are not due and payable in the current period, and therefore are not	
reported at the fund level.		(4,584,958)	
Accrued interest expense for long-term debt is not a current financial use,	
and therefore, is not reported in the fund level.		(301,536)	

Net Position of Governmental Activities	
 $		
(8,649,698)	

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - GOVERNMENTAL FUNDS
For the Year Ended September 30, 2021

Debt

Capital

Total Governmental

		General			Service			Projects			Funds		
REVENUES		
Special assessments	$	372,400	$	312,347	$	-	$	684,747	
Investment earnings		- 		118 		52 		170 	
Total Revenues		372,400 		312,465 		52 		684,917 	
EXPENDITURES		
Current		
General government	162,121	89,943	-	252,064	
Physical environment	247,263	-	-	247,263	
Debt service		
Principal	-	160,000	-	160,000	
Interest		- 		723,686 		- 		723,686 	
Total Expenditures		409,384 		973,629 		- 		1,383,013 	
Excess/(deficiency) of revenues		
over/(under) expenditures		(36,984)		(661,164)		52 		(698,096)	
Other Financing Sources/(Uses)		
Transfers in	-	-	23	23	
Transfers out		- 		(23)		- 		(23)	
Total Other Financing Sources/(Uses)		- 		(23)		23 		- 	
Net change in fund balances	(36,984)	(661,187)	75	(698,096)	
Fund Balances - Beginning of year	127,625	(10,491,139)	516,070	(9,847,444)	

Fund Balances - End of year	

 $	90,641 	

 $ (11,152,326)	

 $	516,145 	

 $  (10,545,540)	

See accompanying notes to financial statements.

NatureWalk Community Development District RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE
STATEMENT OF ACTIVITIES
For the Year Ended September 30, 2021	

Net Change in Fund Balances - Total Governmental Funds	
$	
(698,096)	
Amounts reported for governmental activities in the Statement of Activities are different because:			
Governmental funds report capital outlays as expenditures; however, in the Statement of Activities, the cost of those assets is allocated over their estimated
useful lives as depreciation. This is the amount of depreciation in the current period.		

(704,062)	
Repayment of bond principal is an expenditure in the governmental funds,
but the repayment reduces long-term liabilities at the government-wide level.		
160,000	
Revenues that are unavailable at year end are recognized as a deferred inflow of resources at the fund level. Revenues are recognized when earned at the government-wide level.		
(29,884)	
Bond discounts are amortized over the life of the bonds as interest. This is the current period amortization.		
       (975)	
Change in Net Position of Governmental Activities	 $		(1,273,017)	

See accompanying notes to financial statements.

NatureWalk Community Development District
STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES - BUDGET AND ACTUAL - GENERAL FUND
For the Year Ended September 30, 2021

Revenues
Special assessments	

Original Budget

$ 303,036		

Final Budget

$ 359,036		

$	

Actual

372,400		Variance with Final Budget Positive (Negative)

$	13,364	

Expenditures Current
General government Physical environment
Total Expenditures	

101,137
277,823

378,960		

170,637
289,023

459,660			

162,121
247,263
409,384		

8,516
41,760

50,276	

Net change in fund balances	
(75,924)		
(100,624)			
(36,984)		
63,640	
Fund Balances - Beginning of year	75,924		100,624			127,625		27,001	

Fund Balances - End of year	
$	
-		
$	-		
$	
90,641		
$	90,641	

See accompanying notes to financial statements.

NOTE A – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

The financial statements of NatureWalk Community Development District (the “District”) have been prepared in conformity with generally accepted accounting principles (GAAP) as applied to governmental units. The Governmental Accounting Standards Board (GASB) is the accepted standard-setting body for establishing governmental accounting and financial reporting principles. The District's more significant accounting policies are described below.

Reporting Entity

The District was established on June 28, 2005 by Ordinance No. 05-23 of the Board of County Commissioners of Walton County, Florida. The District was established pursuant to the Uniform Community Development District Act of 1980, Chapter 190, Florida Statutes, as amended (the "Act"), as a Community Development District. The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of the infrastructure necessary for community development within its jurisdiction. The District is governed by a five-member Board of Supervisors. The District operates within the criteria established by Chapter 190, Florida Statutes. The Board has the responsibility for allocating and levying assessments, approving budgets, exercising control over facilities and properties, controlling the use of funds generated by the District, approving the hiring and firing of key personnel, and financing improvements.

The reporting entity for the District includes all functions of government in which the District’s Board exercises oversight responsibility. Oversight responsibility includes, but is not limited to, financial interdependency, designation of management, significant ability to influence operations and accountability for fiscal matters. As required by GAAP, these financial statements present the NatureWalk Community Development District, (the primary government) as a stand-alone government.

In a previous year, certain land within the District was deeded in lieu of foreclosure to Naturewalk, LLC, a Special Purpose Entity (SPE) formed in conformance with the Bond Indenture when the bonds went in default. The SPE qualifies as a stand-alone component unit of the District in accordance with GAAP. The District was not provided any information about the financial activity of the SPE, therefore, the SPE is not included in the accompanying financial statements as required by GAAP.

Measurement Focus and Basis of Accounting

The basic financial statements of the District are composed of the following:

Government-wide financial statements

Fund financial statements

Notes to financial statements

Government-wide Financial Statements

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Government-wide financial statements report all non-fiduciary information about the reporting government as a whole. These statements include the governmental activities of the primary government. The effect of interfund activity has been removed from these statements.

Governmental activities are supported by special assessments and interest. Program revenues are netted with program expenses in the statement of activities to present the net cost of each program.

Amounts paid to acquire capital assets are capitalized as assets, rather than reported as an expenditure. Proceeds of long-term debt are recorded as liabilities in the government- wide financial statements, rather than as an other financing source.

Amounts paid to reduce long-term indebtedness of the reporting government are reported as a reduction of the related liability, rather than as an expenditure.

Fund Financial Statements

The underlying accounting system of the District is organized and operated on the basis of separate funds, each of which is considered to be a separate accounting entity. The operations of each fund are accounted for with a separate set of self-balancing accounts that comprise its assets, liabilities, fund equity, revenues and expenditures or expenses, as appropriate. Governmental resources are allocated to and accounted for in individual funds based upon the purposes for which they are to be spent and the means by which spending activities are controlled.

Fund financial statements for the primary government’s governmental funds are presented after the government-wide financial statements. These statements display information about major funds individually.

Governmental Funds

The District has implemented the Governmental Accounting Standards Board Statement 54 – Fund Balance Reporting and Governmental Fund Type Definitions. The Statement requires the fund balance for governmental funds to be reported in classifications that comprise a hierarchy based primarily on the extent to which the government is bound to honor constraints on the specific purposes for which amounts in those funds can be spent.

The District has various policies governing the fund balance classifications.

Nonspendable Fund Balance – This classification consists of amounts that cannot be spent because they are either not in spendable form or are legally or contractually required to be maintained intact.

Restricted Fund Balance – This classification includes amounts that can be spent only for specific purposes stipulated by the state constitution, external resource providers, or through enabling legislation.

Assigned Fund Balance – This classification consists of the Board of Supervisors’ intent to be used for specific purposes, but are neither restricted nor committed. The assigned fund balances can also be assigned by the District’s management company.

Unassigned Fund Balance – This classification is the residual classification for the government’s general fund and includes all spendable amounts not contained in the other classifications. Unassigned fund balance is considered to be utilized first when expenditure is incurred for purposes for which amounts in any of those unrestricted fund balance classifications could be used.

Fund Balance Spending Hierarchy – For all governmental funds except special revenue funds, when restricted, committed, assigned, and unassigned fund balances are combined in a fund, qualified expenditures are paid first from restricted or committed fund balance, as appropriate, then assigned and finally unassigned fund balances.

Governmental Funds (Continued)

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are considered to be available when they are collected within the current period or soon thereafter to pay liabilities of the current period. For this purpose, the District considers revenues to be available if they are collected within 60 days of the end of the current fiscal period.

Expenditures generally are recorded when a liability is incurred, as under accrual accounting. Interest associated with the current fiscal period is considered to be an accrual item and so has been recognized as revenue of the current fiscal period.

Under the current financial resources measurement focus, only current assets and current liabilities are generally included on the balance sheet. The reported fund balance is considered to be a measure of “available spendable resources”. Governmental fund operating statements present increases (revenues and other financing sources) and decreases (expenditures and other financing uses) in net current assets. Accordingly, they are said to present a summary of sources and uses of “available spendable resources” during a period.

Because of their spending measurement focus, expenditure recognition for governmental fund types excludes amounts represented by non-current liabilities. Since they do not affect net current assets, such long-term amounts are not recognized as governmental fund type expenditures or fund liabilities.

Amounts expended to acquire capital assets are recorded as expenditures in the year that resources were expended, rather than as fund assets. The proceeds of long-term debt are recorded as an other financing source rather than as a fund liability.

Debt service expenditures are recorded only when payment is due.

Basis of Presentation

a. Governmental Major Funds

General Fund – The General Fund is the District’s primary operating fund. It accounts for all financial resources of the general government, except those required to be accounted for in another fund.

Basis of Presentation (Continued)

Governmental Major Funds (Continued)

Debt Service Fund – The Debt Service Fund accounts for the debt service requirements to retire the capital improvement revenue bonds.

Capital Projects Fund – The Capital Project Fund accounts for financial resources to be used for the acquisition or construction of major infrastructure within the District.

Non-current Governmental Assets/Liabilities

GASB Statement 34 requires that non-current governmental assets, such as land and buildings, and non-current governmental liabilities, such as special assessment bonds, be reported in the governmental activities column in the government-wide Statement of Net Position.

Assets, Liabilities and Net Position or Equity

Cash and Investments

Florida Statutes require state and local governmental units to deposit monies with financial institutions classified as "Qualified Public Depositories," a multiple financial institution pool whereby groups of securities pledged by the various financial institutions provide common collateral from their deposits of public funds. This pool is provided as additional insurance to the federal depository insurance and allows for additional assessments against the member institutions, providing full insurance for public deposits.

The District is authorized to invest in those financial instruments as established by Section 218.415, Florida Statutes. The authorized investments consist of:

Direct obligations of the United States Treasury;
The Local Government Surplus Funds Trust or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperative Act of 1969;
Interest-bearing time deposits or savings accounts in authorized qualified public depositories;
Securities and Exchange Commission, registered money market funds with the highest credit quality rating from a nationally recognized rating agency.

Receivables and Payables

Activities between funds that are representative of lending/borrowing arrangements outstanding at the end of the fiscal year are referred to as “due to/from other funds”. Any residual balances outstanding between the governmental activities and business-type activities are reported as “internal balances”.

Net Position

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted, or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s bond covenants and other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Capital Assets

Capital assets, which include construction in progress, improvements other than buildings, infrastructure and stormwater management are reported in the applicable governmental activities column.

The District defines capital assets as assets with an initial, individual cost of $5,000 or more and an estimated useful life in excess of two years. The valuation basis for all assets is historical cost.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend its useful life are not capitalized.

Major outlays for capital assets and improvements are capitalized as projects are constructed.

Depreciation of capital assets is computed and recorded by utilizing the straight-line method. Estimated useful lives of the various classes of depreciable capital assets are as follows:

Improvements other than buildings		15 years Infrastructure	15/20 years
Stormwater management	25 years

Unamortized Bond Discounts

Bond discounts associated with the issuance of revenue bonds are amortized according to the straight line method of accounting. For financial reporting, unamortized bond discounts are netted against the applicable long-term debt.

Budgets

Budgets are prepared and adopted after public hearings for the governmental funds, pursuant to Chapter 190, Florida Statutes. The District utilizes the same basis of accounting for budgets as it does for revenues and expenditures in its various funds. The legal level of budgetary control is at the fund level. All budgeted appropriations lapse at year end. Formal budgets are adopted for the general and debt service funds. As a result, deficits in the budget variance columns of the accompanying financial statements may occur.

Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the period. Actual results could differ from those estimates.

NOTE B – CASH AND INVESTMENTS

All deposits are held in qualified public depositories and are included on the accompanying balance sheet as cash and investments.

Custodial Credit Risk – Deposits

Custodial credit risk is the risk that in the event of a bank failure, the District's deposits may not be returned to it. The District does not have a formal deposit policy for custodial credit risk, however, they follow the provisions of Chapter 280, Florida Statutes regarding deposits and investments. As of September 30, 2021, the District's bank balance was $141,332 and carrying value was $141,032. Exposure to custodial credit risk was as follows. The District maintains all deposits in a qualified public depository in accordance with the provisions of Chapter 280, Florida Statutes, which means that all deposits are fully insured by Federal Depositors Insurance or collateralized under Chapter 280, Florida Statutes.

NOTE B – CASH AND INVESTMENTS (CONTINUED)

Investments

As of September 30, 2021, the District had the following investments and maturities:

	Investment	  Maturity 
Florida PRIME	49 days*
Fidelity Government Portfolio	30 days*
Total	  Fair Value	
$	11
	1,748,873 
 $ 1,748,884 	
*Maturity is a weighted average maturity.		

The District categorizes its fair value measurement within the fair value hierarchy established by generally accepted accounting principles. The fair value is the price that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants at the measurement date. The hierarchy is based on the valuation inputs used to measure the fair value of the asset. The District uses a market approach in measuring fair value that uses prices and other relevant information generated by market transactions involving identical or similar assets, liabilities, or groups of assets and liabilities.
Assets or liabilities are classified into one of three levels. Level 1 is the most reliable and is based on quoted price for identical assets, or liabilities, in an active market. Level 2 uses significant other observable inputs when obtained quoted prices for identical or similar assets, or liabilities, in markets that are not active. Level 3 is the least reliable and uses significant unobservable inputs that uses the best information available under the circumstances which includes the District's own data in measuring unobservable inputs.
Based on the criteria in the preceding paragraph, the investment in Fidelity Government Portfolio is a Level 1 asset.
The District’s investment policy allows management to invest in investments permitted under Section 218.415, Florida Statutes. The investment in Florida PRIME is measured at amortized cost. Florida PRIME has established policies and guidelines regarding participant transactions and the authority to limit or restrict withdrawals or impose a penalty for an early withdrawal. As of September 30, 2021, there were no redemption fees, maximum transaction amounts, or any other requirements that would limit daily access to 100 percent of the account value.
Interest Rate Risk
The District does not have a formal investment policy that limits investment maturities as a means of managing its exposure to fair value losses arising from increasing interest rates.
Credit Risk
The District's investments are limited by state statutory requirements and bond compliance. The District has no investment policy that would further limit its investment choices. As of September 30, 2021, the District's investment in the Fidelity Government Portfolio noted above was rated AAAm by Standard’s & Poors.

NOTE B – CASH AND INVESTMENTS (CONTINUED)

Concentration of Credit Risk

The District places no limit on the amount it may invest in any one fund. The investment in Fidelity Government Portfolio is essentially 100% of the District’s total investments.

The types of deposits and investments and their level of risk exposure as of September 30, 2021 were typical of these items during the fiscal year then ended. The District considers any decline in fair value for certain investments to be temporary.

NOTE C – SPECIAL ASSESSMENT REVENUES

Assessments are non-ad valorem assessments imposed on assessable lands located within the District. Assessments may be levied on property to pay for the operation and maintenance of the District, as well as to pay for debt service on the District's Bonds. The fiscal year for which annual assessments may be levied begins October 1 with discounts available for payments through February 28 and become delinquent on April 1. For debt service assessments, amounts collected as advance payments are used to prepay a portion of the Bonds outstanding. Otherwise, assessments are collected annually to provide funds for the debt service on the portion of the Bonds which are not paid with prepaid assessments.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

NOTE D – INTERFUND BALANCES

Interfund balances as of September 30, 2021 consisted of the following:

Payable Fund
Receivable Fund	General Fund
 
Debt Service	$	63,918

The balances are related to the collection of monies in the General Fund that had not been remitted to the Debt Service Fund at year end.

NOTE E – CAPITAL ASSETS

Capital Asset activity for the year ended September 30, 2021 was as follows:

		Balance				Balance	
	October 1,
	2020		
  Additions		
 Disposals 	September 30,
	2021		
Governmental activities:						
Capital assets, not being depreciated Construction in progress	
 $		
3,274,370 	
 $		
- 	
 $		
- 	
 $		
3,274,370 	
Capital assets, being depreciated:					
Infrastructure	10,783,621	-	-	10,783,621	
Stormwater management	1,917,033	-	-	1,917,033	
Improvements other than buildings	478,116	-	-	478,116	
Total capital assets, being depreciated	
	13,178,770 	
	- 	
	- 	
	13,178,770 	
Less accumulated depreciation for:					
Infrastructure	(7,594,275)	(595,507)	-	(8,189,782)	
Stormwater management	(974,709)	(76,681)	-	(1,051,390)	
Improvements other than buildings		(397,758)		(31,874)		- 		(429,632)	
Total accumulated depreciation	(8,966,742)	(704,062)	-	(9,670,804)	
Total capital assets being depreciated, net	
	4,212,028 	
	(704,062)	
	- 	
	3,507,966 	
Governmental activities capital assets, net	 $		7,486,398 	 $ 	(704,062)	 $		- 	 $		6,782,336 	
   
Depreciation of $704,062 was charged to physical environment.

NOTE F – LONG-TERM DEBT

In March 2007, the District issued $8,295,000 Series 2007A and $11,705,000 Series 2007B Capital Improvement Revenue Bonds maturing on May 1, 2038 and May 1, 2016, respectively, with fixed interest rates of 5.50% and 5.30%. These bonds were issued to finance a portion of the cost of acquisition, construction, installation, and equipping of the Series 2007 Project. The balance outstanding on the Series 2007A Bonds at September 30, 2021 was $4,600,000.

The following is a summary of activity for long-term debt of the District for the year ended September 30, 2021:

Long-term debt at October 1, 2020	$	4,760,000	
Principal payments		(160,000)	
Long-term debt at September 30, 2021	4,600,000	
Less bond discount, net		(15,042)	

Total long-term debt, September 30, 2021	$	4,584,958

NOTE F – LONG-TERM DEBT (CONTINUED)
The Bonds have an additional $8,845,000 in matured bonds outstanding for past due principal payments on the Series 2007A and Series 2007B Bonds. The District did not make the scheduled debt service payments on November 1, 2020 and May 1, 2021.

The annual requirements to amortize the principal and interest of bonded debt outstanding as of September 30, 2021 are as follows:

Year Ending
  September 30,			Principal			Interest			Total		
2022	$	170,000	$	253,000	$	423,000	
2023		180,000		243,650		423,650	
2024		185,000		233,750		418,750	
2025		200,000		223,575		423,575	
2026		210,000		212,575		422,575	
2027-2031		1,235,000		876,700		2,111,700	
2032-2036		1,630,000		496,650		2,126,650	
2037-2038		790,000 		65,725 		855,725 	
Totals	 $		4,600,000 	 $		2,605,625 	 $		7,205,625 	
 		
Summary of Significant Bonds Resolution Terms and Covenants
The District levies special assessments pursuant to Section 190.022, Florida Statutes and the assessment rolls are approved by resolutions of the District Board. The collections are to be strictly accounted for and applied to the debt service of the bond series for which they were levied. The District covenants to levy special assessments in annual amounts adequate to provide for payment of principal and interest on the bonds. Payment of principal and interest is dependent on the money available in the debt service fund and the District’s ability to collect special assessments levied.

The Series 2007A Bonds are subject to redemption prior to maturity, in whole on any date, or in part at any time on or after May 1, 2017. The Series 2007A Bonds are subject to extraordinary mandatory redemption prior to their selected maturity date in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The bond indenture provides for Debt Service Reserve Funds, which shall be held by the Trustee separate and apart from all other funds. The following is a schedule of reserve requirements and balances in the reserve accounts at September 30, 2021:

	Reserve
Balance		Reserve
Requirement	
Series 2007A	$	170,803		$	379,254	
Series 2007B	$	59,323		$	418,435	

NOTE G – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to and destruction of assets; errors and omissions; natural disasters; and environmental remediation. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. Settled claims from these risks have not exceeded commercial insurance coverage over the past three years.

INDEPENDENT AUDITORS’ REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
NatureWalk Community Development District Walton County, Florida

We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of NatureWalk Community Development District, as of and for the year ended September 30, 2021, and the related notes to the financial statements, and have issued our report thereon dated June 2, 2022.

Internal Control Over Financial Reporting

In planning and performing our audit, we considered NatureWalk Community Development District's internal control over financial reporting (internal control) as a basis for designing audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of NatureWalk Community Development District’s internal control. Accordingly, we do not express an opinion on the effectiveness of NatureWalk Community Development District's internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity's financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

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Board of Supervisors
NatureWalk Community Development District

Compliance and Other Matters

As part of obtaining reasonable assurance about whether NatureWalk Community Development District's financial statements are free of material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

We noted certain matters that we reported to management in a separate letter dated June 2, 2022. See pages 31 to 34.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 2, 2022

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MANAGEMENT LETTER

To the Board of Supervisors
NatureWalk Community Development District Walton County, Florida
Report on the Financial Statements

We have audited the financial statements of the NatureWalk Community Development District as of and for the year ended September 30, 2021, and have issued our report thereon dated June 2, 2022.
Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States and Chapter 10.550, Rules of the Florida Auditor General.
Other Reports and Schedule

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and our Independent Auditor’s Report on an examination conducted in accordance with AICPA Professionals Standards, AT-C Section 315 regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in that report, which is dated June 2, 2022, should be considered in conjunction with this management letter.
Prior Audit Findings

Section 10.554(1)(i)1., Rules of the Auditor General, requires that we determine whether or not corrective actions have been made to address findings and recommendations made in the preceding financial audit report. The following findings or recommendations were made in the preceding financial audit report:

– Failure to Include Component Unit Financial Statements in the Financial Report

Finding: The District failed to include the financial statements of the SPE as a discretely presented component unit in their financial statements as required by governmental accounting standards.

Recommendation: We recommend that the District include the SPE financial statements in future annual reports.

Management Response: Due to the lack of control by the District and the opinion that the primary beneficiaries are the Bondholders, The District does not believe that the SPE is a component unit of the District.

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To the Board of Supervisors
NatureWalk Community Development District

– Failure to Meet Debt Service Reserve Requirements

Finding: The Trust Indenture requires the District to maintain certain minimum amounts in Debt Service Reserve Accounts. The District has not maintained the required reserve amounts for several years.

Recommendation: We recommend that the District utilize all legal remedies available to collect assessments and replenish the Debt Service Reserve Accounts.

Management Response: The District and the bondholders have been working to alleviate this issue. It is uncertain when and if the Reserve Accounts will be replenished with funds received in accordance with the Forbearance Agreement dated February 11, 2011.

– Failure to Make Bond Debt Service Payments When Due

Finding: The District has been unable to make the required debt service payments when due since November 2015.

Recommendation: We recommend the District use all legal remedies available to collect delinquent assessments and bring debt service payments current.

Management Response: The District paid all past due principal and interest during the fiscal year ended September 30, 2015 at the direction of the bondholders. The Trustee, on behalf of the Bondholders, has told the District to hold all debt service assessments in abeyance. The District does not expect to make debt service payments as long as debt service assessments are in abeyance.

Financial Condition and Management
Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, requires us to apply appropriate procedures and communicate the results of our determination as to whether or not NatureWalk Community Development District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify the specific conditions met. In connection with our audit, we determined that the NatureWalk Community Development District did not meet any of the conditions described in Section 218.503(1), Florida Statutes (See Finding 12-02 above).

Pursuant to Sections 10.554(1)(i)5.c. and 10.556(8), Rules of the Auditor General, we applied financial conditions assessment procedures as of September 30, 2021 for the NatureWalk Community Development District. It is management’s responsibility to monitor the NatureWalk Community Development District’s financial condition; our financial condition assessment was based in part on the representations made by management and the review of the financial information provided by the same.

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To the Board of Supervisors
NatureWalk Community Development District

Section 10.554(1)(i)2., Rules of the Auditor General, requires that we communicate any recommendations to improve financial management. In connection with our audit, we did not have any such recommendations.

Specific Information
The information provided below was provided by management and has not been audited; therefore, we do not express an opinion or provide any assurance on the information.
As required by Section 218.39(3)(c) and Section 218.32(1)(c), Florida Statutes, and Section 10.554(1)(i)6, Rules of the Auditor General, the NatureWalk Community Development District reported:
The total number of district employees compensated in the last pay period of the District’s fiscal year: 0
The total number of independent contractors to whom nonemployee compensation, defined as individuals or entities that receive 1099s, was paid in the last month of the District’s fiscal year: 1
All compensation earned by or awarded to employees, whether paid or accrued, regardless of contingency: N/A
All compensation earned by or awarded to nonemployee independent contractors, defined as entities or individuals that receive 1099s, whether paid or accrued, regardless of contingency: $59,314
Each construction project with a total cost of at least $65,000 approved by the District that is scheduled to begin on or after October 1, 2020, together with the total expenditures for such project: The District had no construction projects during the year.
A budget variance based on the budget adopted under Section 189.016(4), Florida Statutes, before the beginning of the fiscal year being reported if the District amends a final adopted budget under Section 189.016(6), Florida Statutes: There were amendments to the FY 2021 budget. See the following page.
As required by Section 218.39(3)(c) and Section 218.32(1)(c), Florida Statutes, and Section 10.554(1)(i)8, Rules of the Auditor General, the NatureWalk Community Development District reported:
The rate or rates of non-ad valorem special assessments imposed by the District: General Fund $514.94 - $2,197.49 and Debt Service Fund $978.92 - $1,463.51.
The amount of special assessments collected by or on behalf of the District: $684,747.
The total amount of outstanding bonds issued by the District and the terms of such bonds. Series 2007A, 5.5% unmatured Bonds $5,550,000 and the Series 2007B 5.3% unmatured Bonds $7,895,000.

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To the Board of Supervisors
NatureWalk Community Development District

Variance with

Revenues
Special assessments				
Original Budget

 $	303,036   $		

Actual

372,400 	Original Budget Positive (Negative)

 $	69,364 	
Expenditures Current
General government Physical environment				

101,137
	277,823  		

162,121
247,263 	

(60,984)
	30,560 	
Total Expenditures					378,960  		409,384 		(30,424)	
Net Change in Fund Balances			(75,924)	(36,984)				38,940	
Fund Balances - Beginning of Year			75,924  		127,625 		51,701 	
Fund Balances - End of Year			 $	-   $		90,641 	 $	90,641 	
 	
Additional Matters	
Section	10.554(1)(i)3.,	Rules	of	the	Auditor	General,	requires		us	to	communicate	
noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance. In connection with our audit, we did not note any such findings.

Purpose of this Letter

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, the Board of Supervisors, and applicable management, and is not intended to be and should not be used by anyone other than these specified parties.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 2, 2022

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INDEPENDENT ACCOUNTANTS’ REPORT/COMPLIANCE WITH SECTION 218.415, FLORIDA STATUTES

To the Board of Supervisors
NatureWalk Community Development District Walton County, Florida

We have examined NatureWalk Community Development District's compliance with Section 218.415, Florida Statutes during the year ended September 30, 2021. Management is responsible for NatureWalk Community Development District’s compliance with those requirements. Our responsibility is to express an opinion on NatureWalk Community Development District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants and, accordingly, included examining, on a test basis, evidence about NatureWalk Community Development District’s compliance with those requirements and performing such other procedures as we considered necessary in the circumstances. We believe that our examination provides a reasonable basis for our opinion. Our examination does not provide a legal determination on NatureWalk Community Development District's compliance with the specified requirements.

In our opinion, NatureWalk Community Development District complied, in all material respects, with the aforementioned requirements during the year ended September 30, 2021.

Berger, Toombs, Elam, Gaines & Frank Certified Public Accountants PL
Fort Pierce, Florida June 2, 2022

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STAFF REPORTS

Landscape
Provider

District Engineer

District Manager

(Under Separate Cover)

Review of District Manager Report

BUSINESS ITEMS

Consideration and Discussion of Action Item List

Continued Discussion on Recreation Policy

Tab 3

NATUREWALK COMMUNITY DEVELOPMENT DISTRICT
RULES RELATING TO PARKING ENFORCEMENT POLICY ADOPTED
February 4, 2021

Amended January 6, 2022

NATUREWALK CDD

120 Richard Jackson Blvd.
Suite 220
Panama City Beach, FL 32407

NATUREWALK COMMUNITY DEVELOPMENT DISTRICT RULES RELATING TO PARKING ENFORCEMENT (JANUARY 6, 2022)

In accordance with Chapter 190, Florida Statutes, and on January 6, 2022, at a duly noticed public meeting, the Board of Supervisors of the NatureWalk Community Development District (“District”) adopted the following policy to govern parking and parking enforcement on certain District Property. This policy repeals and supersedes all prior rules and/or policies governing the same subject matter.

Section 1. Introduction. The District finds that Parked Vehicles, Commercial Vehicles, Vessels and Recreational Vehicles (hereinafter defined) on certain of its property, streets, alleys, and roadways cause hazards and danger to the health, safety, and welfare of District residents and the public. This Policy prohibits parking of Vehicles, Vessels, and Recreational Vehicles on property, streets, alleys, and roadways within the District, except in Designated Parking Areas, and provides the manner in which any such Vehicles, Vessels, or Recreational Vehicles shall be towed/removed consistent with this Policy.

Section 2. Definitions.

Commercial Vehicle(s). Any mobile item which normally uses wheels, whether motorized or not, that (i) is titled, registered, or leased to a company and not an individual person, or
(ii) is used for business purposes even if titled, registered, or leased to an individual person.

Delivery Vehicles(s). Any Commercial Vehicle engaged in the delivery activities, including but not limited to U.S. Postal Service, U.P.S., Fed Ex, and moving company Vehicles.

Service Vehicles(s). Any Commercial Vehicle engaged in the provision of services, including but not limited to lawn maintenance and service/technician Vehicles.

Vehicle(s). Any mobile item which normally uses wheels, whether motorized or not, including golf carts. For purposes of this Policy, unless otherwise specified, any use of the term Vehicle(s) shall be interpreted so as to include Commercial Vehicle(s).

Vessel(s). Every description of watercraft, barge, or airboat used or capable of being used as a means of transportation on water.

Recreational Vehicle(s). A vehicle designed for recreational use, which includes, but is not necessarily limited to: motor homes, ATVs (small open motor vehicle with one or two seats and three or more wheels fitted with large tires, designed for use on rough ground), jet skis, campers, and trailers relative to same.

Parked. A Vehicle, Vessel or Recreational Vehicle left unattended by its owner or
user.

Tow-Away Zone. District Property on which parking is prohibited and in which the District is authorized to initiate a towing and/or removal action.

Designated Parking Areas.	Areas identified on Exhibit A where parking is permitted.

Section 3. Establishment of Tow-Away Zones. Vehicles may not be Parked on landscaped areas, streets, alleys, and roadways owned by the District, except in Designated Parking Areas. Further, Vehicles may not be Parked in the Designated Parking Areas in Sage Circle between the hours of 11:00 p.m. to 6:00 a.m. All parked vehicles must appropriately display any legally required State-licensed identification, either temporary or permanent (e.g., state-issued license plate), to park in Designated Parking Areas. In addition to potential towing, the District will contact local law enforcement regarding Vehicles that do not display legally required State-licensed identification. Vehicles that extend beyond 240” in total length may not park on District Property. Vehicles may not be parked so as to occupy more than one marked parking spot.

Vessels, Recreational Vehicles, and any trailers (attached or unattached) may not be Parked on landscaped areas, streets, alleys, roadways, and Designated Parking Areas owned by the District. Vehicles, Vessels, Recreational Vehicles, and any trailers (attached or unattached) however, may be Parked on streets, alleys, and roadways owned by the District (but not on paver parking spots or sidewalks), for up to 60 minutes while actively engaged in loading or unloading.

Landscaped areas, streets, alleys, and roadways owned by the District, except Designated Parking Areas, are hereby declared a Tow Away Zone. In addition, any Vehicle, Vessel, or Recreational Vehicle which is parked in a manner which prevents or inhibits the ability of emergency response vehicles to navigate streets and roadways within the District are hereby authorized to be towed.

Building and construction materials, trash, and refuse may not be stored or staged on District Property without prior approval of the District’s Board of Supervisors.

Section 4. Delivery Vehicles, Service Vehicles and Governmental Vehicles.
Delivery Vehicles and Service Vehicles may park on streets, alleys, and roadways while actively engaged in the operation of such businesses. Trailers associated with Service or Delivery Vehicles are permitted on streets, alleys, and roadways, but not on paver parking spots or sidewalks and may not be unattached. Building and construction materials, trash, and refuse may not be stored or staged on District Property without prior approval of the District’s Board of Supervisors. Vehicles owned and operated by any governmental unit may also park on District Property while carrying out official duties. Any Vehicle parked on streets, alleys and roadways must do so in compliance with all laws, ordinances and codes.

Section 5. Towing/Removal Procedures.

Signage and Language Requirements.  Notice of the Tow-Away Zones shall be approved by the District’s Board of Supervisors and shall be posted on District Property in the manner set forth in Section 715.07, Florida Statutes. Such signage is to be placed in conspicuous locations, in accordance with Section 715.07, Florida Statutes.

Towing/Removal  Authority.  To effectuate the towing/removal of a Vehicle, Commercial Vehicle, Vessel, or Recreational Vehicle, the District Manager or his/her designee may enter into and maintain an agreement with a firm authorized by Florida law to tow/remove such vehicles for the removal of the unauthorized Vehicle, Commercial Vehicle, Vessel, or Recreational Vehicle at the owner’s expense. The Vehicle, Commercial Vehicle, Vessel, or Recreational Vehicle shall be towed/removed by the firm in accordance with Florida law, specifically the provisions set forth in section 715.07, Florida Statutes.

Agreement  with  Authorized  Towing  Service.  The District’s Board of
Supervisors is hereby authorized to enter into and maintain an agreement with a firm authorized by Florida law to tow/remove unauthorized vehicles and in accordance with Florida law and with the policies set forth herein.

LAW ENFORCEMENT. The District hereby authorizes law enforcement personnel of Walton County, Florida, and other units of government to enforce the provisions of this rule, and to enforce any and all traffic and parking laws on the District streets and roadways. The District may enter into one or more traffic enforcement agreements in order to effect the provisions of this Section 6.D.

Section 6. Sovereign Immunity. Nothing herein shall constitute or be construed as a waiver of the District’s limitations on liability contained in Section 768.28, Florida Statutes, or other statutes or law.

EXHIBIT A – Designated Parking Areas

Effective date: January 6, 2022

SUPERVISOR REQEUSTS AND
AUDIENCE COMMENTS

ADJOURNMENT