Amelia Walk

Community Development District

April 17, 2018

Amelia Walk

Community Development District
475 West Town Place, Suite 114 St. Augustine, FL  32092
Phone: (904) 940-5850 * Fax: (904) 940-5899

April 10, 2018

Board of Supervisors

Amelia Walk Community
Development District

The regular meeting of the Board of Supervisors of the Amelia Walk Community Development District is scheduled for Tuesday, April 17, 2018 at 2:00 p.m. at the Amelia Walk Amenity Center, 85287 Majestic Walk Circle, Fernandina Beach, Florida. Following is the advance agenda for this meeting:

Audit Committee Meeting

I.	Roll Call
II.	Review and Ranking of the FY 2018 Audit Proposals
III.	Other Business
IV.	Adjournment
Board of Supervisors Meeting
I.	Roll Call

II.	Audience Comments
III.	Approval of the Minutes of the March 20, 2018 Meeting
IV.	Ratification of the Fiscal Year 2017 Audit
V.	Acceptance of the Audit Committee’s Recommendation
VI.	Consideration of Resolution 2018-09, Changing the Designated Registered Agent	
VII.	Consideration of Supplemental Assessment Resolution 2018-10	
VIII.	Other Business	
IX.	Staff Reports	
A.	District Counsel

B.	District Engineer
C.	District Manager
D.	Community Manager - Report
	X. Supervisors’ Request and Audience Comments XI. Financial Reports

A.	Balance Sheet & Income Statement
B.	Approval of Check Registers
C.	Special Assessment Receipts Schedule
XII.	Next Meeting Scheduled for May 15, 2018 at 2:00 p.m. at the Amelia Walk	
	Amenity Center, 85287 Majestic Walk Circle, Fernandina Beach	
XIII.	Adjournment	

An audit committee meeting will be held just prior to the regular board of supervisors meeting at which the committee will review and rank the proposals received in response to the request for proposals for the FY 2018 audit.

Enclosed for your review and approval is a copy of the minutes from the March 20, 2018 meeting.

The fourth order of business is ratification of the Fiscal Year 2017 audit. A copy of the audit is enclosed for your review.

The fifth order of business is acceptance of the audit committee’s recommendation. A copy of the ranking sheet is enclosed.

The sixth order of business is consideration of resolution 2018-09, changing the designated registered agent. A copy of the resolution is enclosed for your review and approval.

The seventh order of business is consideration of supplemental assessment resolution 2018-10. A copy of the resolution is enclosed for your review and approval.

Copies of the balance sheet and income statement, check registers and the special assessment receipts schedule are enclosed for your review and approval.

The balance of the agenda is routine in nature. Staff will present their reports and any additional support material will be presented and discussed at the meeting. If you have any questions, please contact me.

Sincerely,

David deNagy

District Manager

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AGENDA

	Amelia Walk	
	Community Development District	
	Agenda	
Tuesday	Amelia Walk Amenity Center	
April 17, 2018	85287 Majestic Walk Circle	
2:00 p.m.	Fernandina Beach, FL 32034	
	Call In # 1-800-264-8432 Code 895984	
	www.ameliawalkcdd.com	
	Audit Committee Meeting	

I.	Roll Call

II.	Review and Ranking of the FY 2018 Audit Proposals

III.	Other Business

IV.	Adjournment

Board of Supervisors Meeting

I.	Roll Call

II.	Audience Comments

III.	Approval of the Minutes of the March 20, 2018 Meeting

IV.	Ratification of the Fiscal Year 2017 Audit

V.	Acceptance of the Audit Committee’s Recommendation

VI.	Consideration of Resolution 2018-09, Changing the Designated Registered Agent	
VII.	Consideration of Supplemental Assessment Resolution 2018-10	
VIII.	Other Business	
IX.	Staff Reports	
	A.	District Counsel	
	B.	District Engineer	
	C.	District Manager	
	D.	Community Manager - Report	

X.	Supervisors’ Request and Audience Comments

XI.	Financial Reports	
	A.	Balance Sheet & Income Statement	
	B.	Approval of Check Registers	
	C.	Special Assessment Receipts Schedule	
XII.	Next Meeting Scheduled for May 15, 2018 at 2:00 p.m. at the Amelia Walk	
	Amenity Center, 85287 Majestic Walk Circle, Fernandina Beach	
XIII.	Adjournment	

2

MINUTES

MINUTES OF MEETING

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Amelia Walk Community

Development District was held Tuesday, March 20, 2017 at 2:00 p.m. at the Amelia Walk

Amenity Center, 85287 Majestic Walk Circle, Fernandina Beach, FL 32034.

Present and constituting a quorum were:

Mike Taylor	Chairman

Gregg Kern	Supervisor
Rose Bock	Supervisor

Also present were:

Dave DeNagy	GMS
Daniel Laughlin	GMS
Jason Walters	District Counsel (by phone)
Dan McCranie	District Engineer
Jennifer Erickson	Evergreen Lifestyles Management
Liam O'Reilly	Greenpointe Communities

FIRST ORDER OF BUSINESS	Roll Call

Mr. Laughlin called the meeting to order at 2:00 p.m.

SECOND ORDER OF BUSINESS	Audience Comments

There were no audience comments.

THIRD ORDER OF BUSINESS	Approval of the Minutes of the February

20, 2018 Meeting

 On MOTION by Mr. Taylor seconded by Ms. Bock with all in  favor the Minutes of the February 20, 2018 meeting were  approved.

FOURTH ORDER OF BUSINESS	Acceptance of the Minutes of the February

20, 2018 Audit Committee Meeting

March 20, 2018	Amelia Walk CDD

 On MOTION by Ms. Bock seconded by Mr. Taylor with all in  favor the Minutes of the February 20, 2018 Audit Committee  meeting were accepted.

FIFTH ORDER OF BUSINESS	Other Business

There being none, the next item followed.

SIXTH ORDER OF BUSINESS	Staff Reports

A.	District Counsel

Mr. Walters stated I don't have any action items for the board today. On the construction side, we made it through the protest period with no issues. We have everyone signed up with the Notice to Proceed being issued and a firm start date, so that clock is start counting soon. I understand there was a pre-construction conference with several folks from the District, the construction company, and the landowner. I believe it all went very well. We will move full steam ahead on the next phase of construction. On the final thing, they just printed LOM last week. They will start to get prices rolling in, and the contemplation is that we will come in at the April meeting with the final numbers resolution once we have the pricing down, and we will pre-close on the same day as the April meeting. The final closing will occur within a day or two after that. I think they are moving ahead according to schedule, and we will let you know if anything pops up.

Mr. Taylor asked when is the April meeting: Mr. deNagy responded April 17.

Mr. Taylor asked did we ever get the payment for performance bonds?

Mr. Walters responded we did. We got the copy of the bonds, and those will be attached to the what we will be filing here shortly.

B.	District Engineer

Mr. McCranie stated I will talk about the construction of Phase 3. We had a pre-construction meeting this morning with JEA, and everything went very well. They are very comfortable with the contractor you chose. They have a good working relationship with Earth Works, and that will make it more smooth. I talked to one of their superintendents, and they have done their clearing limits today, and they expect next week they are going to start doing

2

March 20, 2018	Amelia Walk CDD

clearing in earnest. They have every reason to believe they are going to stay on schedule. They are taking photos. The logging guys got a little deeper in the wetlands than we needed them to, so I said keep that documentation so if we have any issues, we will be able to not point fingers at them. Other than that, I don't know if there are any other issues.
Mr. Taylor stated at the end of Calimat, did we have a discussion about doing a sidewalk tie-in with the cul-de-sac?

Mr. McCranie responded we have had those discussions a couple of months ago, right next to the mail kiosk, and we were going to make that little connection and then right where it ends on the other side of the cul-de-sac, make a little connection. If I recall correctly, someone was going to ask AV whenever they were pouring concrete to pour that little bit.
Mr. Taylor stated I think we did commit to the residents to do that.

Mr. McCranie stated I know we discussed it, but I don't know what your commitment level was.

C.	District Manager

Mr. deNagy stated we have our operating budget coming up for FY19. We have to have the budget approved by June 15. We don't meet until June 20, so that means maybe at our May meeting we will do our budget approval. We will get the budget out sometime in April. I can have it on the agenda for the April meeting.

D.	Community Manager - Report

Ms. Erickson stated one CDD violation. We have someone making donuts in the field. I have met with landscapers. They feel that the grass will grow back versus having to re-sod. They are going to keep an eye on it to see if gets worse or doesn't improve. We did get the contract signed with the Nassau County Sheriff's Office, so we patrolling through our community at no cost to us. For maintenance things, we found a water leak. The pool main seal had a bust in it. I am working with JEA to get credit. I am waiting a second report, and part of the filtration system may have to be replaced, which is about a $700 to $800 fix. We had a major backflow issue, but that has been repaired. The Easter Egg hunt is coming up, and the Sangria Social will be in April.

Ms. Bock asked did the donut person get nabbed?

Ms. Erickson responded they did not. They did it on a Sunday night. It was noticed Monday. There were people out there on Sunday afternoon, so it wasn't like that at that time.

3

March 20, 2018	Amelia Walk CDD

It was a small SUV or pick-up truck. Apparently they did the same thing to the dirt mound behind us as well.

Mr. Taylor asked about the mold remediation process.

Ms. Erickson responded they showed up today, so I will have an estimate in two days. We will have three different options.

Mr. deNagy stated regarding the donuts, was that District grass? Ms. Erickson responded it is.
Mr. deNagy stated we had a similar incident at another District, and we were able to file an insurance claim to have that fixed.

Ms. Erickson stated okay, I can get an estimate. I did call the Sheriff's Department, but they would not come out.

SEVENTH ORDER OF BUSINESS	Supervisor's	Requests	and	Audience

Comments

There were no supervisor requests.

Audience Comments

An audience member stated I have been asking for this for months. When the Sheriff's Department starts monitoring the neighborhood, what can we expect, how aggressive are they going to be?

Ms. Erickson responded they are going to come in, they are going to have the "this is your speed, this is the speed you are supposed to have" flashing lights like you see going into downtown. They will provide that for a week, and then they will fairly aggressively start. If it is 25, and you are going 26, you are okay, if you are going 28 you will get pulled over. Because this is residential, they are extremely strict. Fines are higher for residential versus on the highway.

The audience member said this is a forever thing, right?

Ms. Erickson responded correct. There will also be parking issues violations as well. Mr. Taylor stated the agreement can be cancelled at any time.
Mr. Dan Schwizer, 85185 Champlain Drive. I have a easement piece of property right next to us. I am curious when they are going to seed that grass or put grass down?

4

March 20, 2018	Amelia Walk CDD

Ms. Erickson stated there are several easements that I have contacted AV for that they have scraped. They have not sodded them yet. They said they will. Maybe you can push them

a little bit harder.

EIGHTH ORDER OF BUSINESS	Financial Reports

A.	Balance Sheet & Income Statement

B.	Approval of Check Register

C.	Special Assessment Receipts Schedule

Mr. Laughlin stated a copy of your financial statements is included in your agenda

package as of February 28, 2018. The total of the check register is $26,182.61.

 On MOTION by Mr. Taylor seconded by Mr. Kern with all in  favor the check register in the amount of $26,182.61 was  approved. 

NINTH ORDER OF BUSINESS	Next Scheduled Meeting for April 17, 2018

at 2:00 p.m. at the Amelia Walk Amenity
Center,	85287   Majestic   Walk   Circle,
Fernandina Beach

Mr. Laughlin stated the next scheduled meeting is April 17, 2018 at 2:00 p.m. at this

location.

TENTH ORDER OF BUSINESS	Adjournment

 On MOTION by Ms. Bock seconded by Mr. Taylor with all in  favor the Meeting was Adjourned.

______________________________	______________________________

Secretary/Assistant Secretary	Chairman/Vice Chairman

5

FOURTH ORDER OF BUSINESS

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

TABLE OF CONTENTS

Year Ended September 30, 2017

I. Financial Section:	Page		
			
Independent Auditor's Report	1		
Management's Discussion and Analysis	3		
Financial Statements:			
Government-Wide Financial Statements:			
Statement of Net Position	7		
Statement of Activities	8		
Fund Financial Statements:			
Balance Sheet - Governmental Funds	9		
Statement of Revenues, Expenditures and Changes in Fund Balances -			
Governmental Funds	10		
Reconciliation of the Statement of Revenues, Expenditures and			
Changes in Fund Balances of Governmental Funds			
to the Statement of Activities	11		
Statement of Revenues, Expenditures and Changes in Fund Balance -			
Budget and Actual - General Fund	12		
Notes to Financial Statements	13		
II. Compliance Section:			
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	26		
Management Comments	28		
Independent Auditor's Report on Compliance with the Requirements			
of Section 218.415, Florida Statutes	30		

INDEPENDENT AUDITOR'S REPORT

To the Board of Supervisors

Amelia Walk Community Development District

Report on the Financial Statements

We have audited the accompanying financial statements of the governmental activities and each major fund of the Amelia Walk Community Development District (the “District”), as of and for the year ended September 30, 2017, and the related notes to the 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

The District’s 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 opinions 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 and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. 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 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 principles 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 opinions.

MCDIRMIT DAVIS & COMPANY, LLC

934 NORTH MAGNOLIA AVENUE, SUITE 100 ORLANDO, FLORIDA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

MEMBERS: PRIVATE COMPANIES PRACTICE SECTION AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

1

Opinions

In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities, and each major fund of the Amelia Walk Community Development District, as of September 30, 2017, and the respective changes in financial position thereof and the respective budgetary comparison for the General Fund for the year then ended in accordance with accounting principles generally accepted in the United States of America.

Other Matters

Required Supplementary Information

Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis starting on page 3, 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 to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about 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 March 27, 2018, on our consideration of the Amelia Walk Community Development District’s, internal control over financial reporting and our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. 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 the 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 the District’s internal control over financial reporting and compliance.

Orlando, Florida

March 27, 2018

2

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of the Amelia Walk Community Development District (the “District”) financial accomplishments provide an overview of the District’s financial activities for the year ended September 30, 2017. Please read it in conjunction with the District’s Independent Auditor’s Report, financial statements and accompanying notes.

This information is being presented to provide additional information regarding the activities of the District and to meet the disclosure requirements of Government Accounting Standards Board Statement (GASB) No. 34, Basic Financial Statements - and Management’s Discussion and Analysis - for State and Local Governments issued June 1999.

Financial Highlights

•	The liabilities of the District exceeded its assets at September 30, 2017 by $3,973,106, an increase in the deficit of $110,675 in comparison with the prior year.

•	At September 30, 2017, the District’s governmental funds reported a combined fund balance of $813,564, a decrease of $901,802 in comparison with the prior year.

Overview of the Financial Statements

This discussion and analysis is intended to serve as an introduction to the Amelia Walk Community Development District’s financial statements. The District’s financial statements comprise three components: 1) government-wide financial statements, 2) fund financial statements and 3) notes to financial statements.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all of the District’s assets and liabilities, with the difference between the two reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by special assessment revenues. The District does not have any business-type activities. The governmental activities of the District include general government and maintenance and operations related functions.

3

MANAGEMENT’S DISCUSSION AND ANALYSIS (CONTINUED)

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance -related legal requirements. The District has one fund category: Governmental Funds.

Governmental Funds - Governmental funds are used to account for essentially the same functions reported as governmental activities in the government- wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the government’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three individual governmental funds. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures and changes in fund balances for the general fund, debt service fund, and capital projects fund which are considered to be major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

Government-Wide Financial Analysis

Statement of Net Position - The District’s net position was $(3,973,106) at September 30, 2017. The following analysis focuses on the net position of the District’s governmental activities.

4

MANAGEMENT’S DISCUSSION AND ANALYSIS (CONTINUED)

Government-Wide Financial Analysis (Continued):

Amelia Walk Community Development District

Statement of Net Position

	September 30,		September 30,		
		2017			2016		
Assets, excluding capital assets	$	874,435		$	2,142,853		
Capital Assets, net of depreciation		5,467,841			4,871,068		
Total assets		6,342,276			7,013,921		
Liabilities, excluding long-term liabilities		295,382			666,352		
Long-term Liabilities		10,020,000			10,210,000		
Total liabilities		10,315,382			10,876,352		
Net Position:		(4,552,159)			(5,338,932)		
Net investment in capital assets							
Restricted for debt service		510,405			342,688		
Unrestricted		68,648			1,133,813		
Total net position	$	(3,973,106)	$	(3,862,431)		

The following is a summary of the District’s governmental activities for the fiscal years ended September 30, 2017 and 2016.

Changes in Net Position

Year ended September 30,

Revenues:		2017			2016		
							
Program revenues	$	1,022,057	$	1,798,813		
General revenues		1,733			2,022		
Special item - gain on bond redemption		-			446,975		
Total revenues		1,023,790			2,247,810		
Expenses:							
General government		155,009			388,757		
Maintenance and operations		410,535			404,169		
Interest on long-term debt		568,921			517,637		
Total expenses		1,134,465			1,310,563		
Change in net position		(110,675)			937,247		
Net position - beginning of year		(3,862,431)			(4,799,678)		
Net position - ending	$	(3,973,106)	$	(3,862,431)		

5

MANAGEMENT’S DISCUSSION AND ANALYSIS (CONTINUED)

Government-Wide Financial Analysis (Continued):

As noted above and in the statement of activities, the cost of all governmental activities during the year ended September 30, 2017 was $1,134,465. The majority of these costs are comprised of maintenance and operations and interest on long-term debt.

Financial Analysis of the Government’s Funds

The District uses fund accounting to ensure and demonstrate compliance with finance related legal requirements. The focus of the District’s governmental funds is to provide information on near-term inflows, outflows and balances of spendable resources. Such information is useful in assessing the District’s financing requirements. In particular, unassigned fund balance may serve as a useful measure of a government’s net resources available for spending at the end of the fiscal year. At September 30, 2017, the District’s governmental funds reported combined ending fund balances of $813,564. Of this total, $22,340 is non-spendable, $756,017 is restricted and $35,207 is unassigned.

The fund balance of the general fund decreased $34,471 due to increased expenditures. The debt service fund balance decreased $182,130 due to a decrease in assessment revenue. The capital projects fund decreased $685,201 due to capital outlay expenditures.

General Fund Budgetary Highlights

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. There was one amendment to the September 30, 2017 general fund budget. The legal level of budgetary control is at the fund level.

Capital Asset and Debt Administration

Capital Assets - At September 30, 2017, the District had $5,467,841 invested in infrastructure, net of accumulated depreciation. More detailed information about the District’s capital assets is presented in the notes to the financial statements.

Capital Debt - At September 30, 2017, the District had $10,020,000 in bonds outstanding. More detailed information about the District’s capital debt is presented in the notes to the financial statements.

Requests for Information

If you have questions about this report or need additional financial information, contact the

Amelia Walk Community Development District’s Finance Department at 475 West Town Place, Suite 114, St. Augustine, Florida 32092.

6

FINANCIAL STATEMENTS

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF NET POSITION

September 30, 2017

Assets:

Cash

Investments

Assessments receivable

Interest receivable

Prepaid costs

Restricted assets:

Temporarily restricted investments

Capital assets:
Capital assets not being depreciated

Capital assets being depreciated, net

Total assets

Liabilities:

Accounts payable and accrued expenses

Accrued interest payable

Noncurrent liabilities:

Due within one year

Due in more than one year

Total liabilities

Net Position:

Net investment in capital assets

Restricted for debt service

Unrestricted

Net position

Governmental

Activities

$	42,524

	17,937

148,166

325

22,340

643,143

3,673,484

1,794,357

6,342,276

60,871

234,511

175,000

9,845,000

10,315,382

(4,552,159)

510,405

68,648

$	(3,973,106)

The accompanying Notes to Financial Statements are an integral part of this statement. 7

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF ACTIVITIES

Year Ended September 30, 2017

															Net (Expense)	
																Revenue and	
															Changes in Net	
								Program Revenue						Position	
						Charges		Operating Grants	Capital Grants					
						for			and		and			Governmental	
Functions/Programs		Expenses		Services			Contributions	Contributions				Activities	
Governmental activities:																	
General government	$	155,009			$	120,477	$	-		$	-	$	(34,532)	
Maintenance and operations		410,535				319,887			-			-				(90,648)	
Interest on long-term debt		568,921				579,143			2,002			548				12,772	
Total governmental activities	$	1,134,465			$	1,019,507		$	2,002		$	548				(112,408)	
	General Revenues:													
		Investment income											133	
		Miscellaneous												1,600	
		Total general revenues										1,733	
		Change in net position										(110,675)	
	Net Position - beginning										(3,862,431)	
	Net Position - ending								$	(3,973,106)	

The accompanying Notes to Financial Statements are an integral part of this statement. 8

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

BALANCE SHEET

GOVERNMENTAL FUNDS

September 30, 2017

												Total		
									Capital		Governmental		
Assets:		General			Debt Service				Projects			Funds		
														
Cash	$	42,524	$	-	$	-	$	42,524		
Investments		17,937			601,992				41,151			661,080		
Interest receivable		3			301				21			325		
Assessments receivable		5,543			142,623				-			148,166		
Prepaid costs		22,340			-				-			22,340		
Total assets	$	88,347	$	744,916	$	41,172	$	874,435		
Liabilities and Fund Balances:														
														
Liabilities:														
Accounts payable and accrued expenses	$	30,800	$	-	$	30,071	$	60,871		
Total liabilities		30,800			-				30,071			60,871		
Fund Balances:														
Nonspendable		22,340			-				-			22,340		
Restricted for:														
Debt service		-			744,916				-			744,916		
Capital projects		-			-				11,101			11,101		
Assigned:					-									
Unassigned		35,207							-			35,207		
Total fund balances		57,547			744,916				11,101			813,564		
Total liabilities and fund balances	$	88,347		$	744,916		$	41,172					
												
Amounts reported for governmental activities in the statement of net position are									
different because:														
Capital assets used in governmental activities are not financial resources and therefore are not reported in					
the funds.												5,467,841		
Liabilities not due and payable from current available resources are not reported in governmental fund					
statements. All liabilities, both current and long-term, are reported in the government-wide statements.					
Accrued interest payable				(234,511)									
Bonds payable					(10,020,000)							(10,254,511)		
Net Position of Governmental Activities										$	(3,973,106)		

The accompanying Notes to Financial Statements are an integral part of this statement. 9

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES

GOVERNMENTAL FUNDS

Year Ended September 30, 2017

												Total		
									Capital		Governmental		
Revenues:		General			Debt Service				Projects			Funds		
														
Special assessments	$	440,364	$	519,107	$	-	$	959,471		
Special assessments-prepayments		-			60,036				-			60,036		
Investment income		133			2,002				548			2,683		
Miscellaneous		1,600			-				-			1,600		
Total revenues		442,097			581,145				548			1,023,790		
Expenditures:														
Current:														
General government		155,009			-				-			155,009		
Maintenance and operations		321,559			-				-			321,559		
Debt service:														
Interest		-			573,275				-			573,275		
Principal		-			190,000				-			190,000		
Capital outlay		-			-				685,749			685,749		
Total expenditures		476,568			763,275				685,749			1,925,592		
Net change in fund balances		(34,471)			(182,130)				(685,201)			(901,802)		
Fund Balances - beginning of year		92,018			927,046				696,302			1,715,366		
Fund Balances - end of year	$	57,547	$	744,916	$	11,101	$	813,564		

The accompanying Notes to Financial Statements are an integral part of this statement. 10

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES

Year Ended September 30, 2017

Amounts reported for Governmental Activities in the Statement of Activities are different because:

Net change in fund balances - total governmental funds (page 10)

Governmental funds report outlays for capital assets as expenditures because such outlays use current financial resources; however, in the statement of net position the cost of those assets is recorded as capital assets. Depreciation of capital assets is not recognized in the governmental fund statements but is reported as an expense in the statement of activities.

Capital outlay	$	685,749	
Depreciation expense		(88,976)	

Repayments of long-term liabilities are reported as expenditures in governmental funds, while repayments reduce long-term liabilities in the statement of net position.

Some expenses reported in the statement of activities do not require the use of current financial resources and, therefore, are not reported as expenditures in governmental funds.

Change in accrued interest	$     4,354

Change in Net Position of Governmental Activities (page 8)

$	(901,802)

596,773

190,000

4,354

$	(110,675)

The accompanying Notes to Financial Statements are an integral part of this statement. 11

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE

BUDGET AND ACTUAL - GENERAL FUND

Year Ended September 30, 2017

											Variance with		
											Final Budget		
									Actual			Positive		
		Budgeted Amounts				Amounts			(Negative)		
Revenues:		Original			Final									
														
Special Assessments	$	439,253	$	439,253	$	440,364	$	1,111		
Investment Income		100			100				133			33		
Miscellaneous		500			1,600				1,600			-		
Total revenues		439,853			440,953				442,097			1,144		
Expenditures:														
Current:														
General government		111,653			111,653				155,009			(43,356)		
Maintenance and operations		328,200			371,080				321,559			49,521		
Total expenditures		439,853			482,733				476,568			6,165		
Excess (Deficit) of Revenues Over														
Expenditures		-			(41,780)				(34,471)			7,309		
Net change in fund balance		-			(41,780)				(34,471)			7,309		
Fund Balance - beginning		92,018			92,018				92,018			-		
Fund Balance - ending	$	92,018	$	50,238	$	57,547	$	7,309		

The accompanying Notes to Financial Statements are an integral part of this statement. 12

NOTES TO FINANCIAL STATEMENTS

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies:

Reporting Entity

The Amelia Walk Community Development District, (the “District”) was established by Nassau County Ordinance 2005-81 enacted on December 22, 2005 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides, among other things, the power to manage basic services for community development, the power to borrow money and issue bonds, and the power to levy and collect non-ad valorem assessments for the financing and delivery of capital infrastructure. The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors (the “Board”), which is composed of five members. At present, the Supervisors are elected on an at large basis by the owners of the property within the District. The Board of Supervisors of the District exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2017, some of the Board of Supervisors were affiliated with GreenPointe Holdings, LLC, affiliated company of AW Venture II, LLC, the owner of phase 2 - 5 property. The District is economically dependent on the Developer.

The Board has the final responsibility for, among other things:

1.	Allocating and levying assessments.

2.	Approving budgets.

3.	Exercising control over facilities and properties.

4.	Controlling the use of funds generated by the District.

5.	Approving the hiring and firing of key personnel.

6.	Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements 14, 39 and 61. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

13

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies (Continued):

Government-Wide and Fund Financial Statements

The financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use, or directly benefit from goods, services or privileges provided by a given function or segment and 2) grants, contributions and investment income that are restricted to meeting the operational or capital requirements of a particular function or segment and 3) operating-type special assessments that are treated as charges for services (including assessments for maintenance and debt service). Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation

The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are recognized as revenues as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough 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 are recorded when a liability is incurred, as under accrual accounting; however, debt service expenditures are recorded only when payment is due.

Assessments, including debt service assessments and operation and maintenance assessments, are non-ad valorem assessments imposed on all lands located within the District and benefited by the District’s activities. Operation and maintenance assessments are levied by the District prior to the start of the fiscal year which begins October 1st and ends on September 30th. These assessments are imposed upon all benefited lands located in the District. Debt service special assessments are imposed upon certain lots and lands as described in each resolution imposing the special assessment for each series of bonds issued by the District. Certain debt service assessments are collected upon the closing of those lots subject to short term debt and are used to prepay a portion of the bonds outstanding.

14

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies (Continued):

Measurement Focus, Basis of Accounting and Financial Statement Presentation (Continued):

Assessments and interest associated with the current fiscal period are all considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. Only the portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period. All other revenue items are considered to be measurable and available only when cash is received by the District.

The District reports the following major governmental funds:

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.

Debt Service Fund - accounts for the accumulation of resources for the annual payment of principal and interest on long-term debt.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements. When both restricted and unrestricted resources are available for use, it is the District’s policy to use restricted resources first, then unrestricted resources as they are needed.

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund

Balance

Restricted Assets - These assets represent cash and investments set aside pursuant to bond covenants.

Deposits and Investments - The District’s cash and cash equivalents are considered to be cash on hand and demand deposits.

Investments of the District are reported at fair value and are categorized within the fair value hierarchy established in accordance with GASB Statement No. 72, Fair Value Measurement and Application. The District’s investments consist of investments authorized in accordance with Section 218.415, Florida Statutes.

Prepaid Items - Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

15

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies (Continued):

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance (Continued):

Capital Assets - Capital assets, which include property, plant, equipment and infrastructure assets (e.g., utilities system, stormwater system, landscaping and similar items), are reported in the applicable governmental activities column in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets		Years	
Recreational Facilities		30	
Equipment	5	

Long Term Obligations - In the government-wide financial statements, long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the bonds using the straight-line method. Bonds payable are reported net of premiums or discounts.

In the fund financial statements, governmental fund types recognize bond premiums and discounts, as well as bond issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as expenditures.

Deferred Outflows/Inflows of Resources - In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then. The District does not have any item that qualifies for reporting in this category for the year ended September 30, 2017.

16

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 1 - Summary of Significant Accounting Policies (Continued):

Assets, Liabilities, Deferred Outflows/Inflows of Resources and Net Position/Fund Balance (Continued):

Deferred Outflows/Inflows of Resources (Continued) - In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time. The District does not have any item that qualifies for reporting in this category for the year ended September 30, 2017.

Net Position Flow Assumption - Sometimes the District will fund outlays for a particular purpose from both restricted and unrestricted resources. In order to calculate the amounts to report as restricted net position and unrestricted net position in the government-wide financial statements, a flow assumption must be made about the order in which the resources are considered to be applied. It is the District’s policy to consider restricted net position to have been depleted before unrestricted net position is applied.

Fund Balance Policies - Fund balance of governmental funds is reported in various categories based on the nature of any imitations requiring the use of resources for specific purposes. The District itself can establish limitations on the use of resources through either commitment (committed fund balance) or an assignment (assigned fund balance).

The committed fund balance classification includes fund balance amounts that can be used only for the specific purposes determined by a formal action of the government’s highest level of decision-making authority. The Board of Supervisors is the highest level of decision-making authority for the government that can, by adoption of an ordinance or resolution prior to the end of the fiscal year, commit fund balance. Once adopted, the limitation imposed by the ordinance or resolution remains in place until a similar action is taken to remove or revise the limitation.

Amounts in the assigned fund balance classification are intended to be used by the government for specific purposes but do not meet the criteria to be classified as committed. The Board of Supervisors has authorized the District Manager to assign amounts for specific purposes. The Board of Supervisors may also assign fund balance as it does when appropriating fund balance to cover a gap between estimated revenue and appropriations in the subsequent year’s appropriated budget. Unlike commitments, assignments generally only exist temporarily. In other words, an additional action does not normally have to be taken for the removal of an assignment. Conversely, as discussed above an additional action is essential to either remove or revise a commitment.

Other Disclosures

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 reporting period. Actual results could differ from those estimates.

17

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 2 - Stewardship, Compliance and Accountability:

Budgetary Information

The District is required to establish a budgetary system and an approved annual budget for the General Fund. Annual budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America. All annual appropriations lapse at the fiscal year end. The legal level of budgetary control is at the fund level. Any budget amendments that increase the aggregate budgeted appropriations, at the fund level, must be approved by the Board of Supervisors.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.

1.	Each year the District Manager submits to the District Board proposed budgets for the fiscal year commencing the following October 1.

2.	A public hearing is conducted to obtain public comments.

3.	Prior to October 1, the budget is legally adopted by the District Board.

4.	Subject to certain limited exceptions set forth in the District’s appropriation resolutions adopted each year, all budget changes must be approved by the District Board.

5.	The budgets are adopted on a basis consistent with accounting principles generally accepted in the United States of America.

Note 3 - Deposits and Investments:

Deposits

The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, “Florida Security for Public Deposits Act”, requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository’s financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

18

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 3 - Deposits and Investments (Continued):

Investments

The District categorizes its fair value measurements 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.

Under GASB 72, 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 obtaining 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.

The District has the following recurring fair value measurements as of September 30, 2017:

•	First American Government Obligation Fund, Class Y of $643,143 are valued using Level 2 inputs.

The District’s investment policy is governed by State Statutes and the District Trust Indenture. This policy allows investments in any financial institution that is a qualified public depository of the State of Florida as identified by the State Treasurer, in accordance with Chapter 280 of the Florida Statutes. Authorized investments are:

1.	The State Board of Administration Local Government Investment Pool (SBA);

2.	Securities and Exchange Commission Registered Money Market Funds with the highest credit quality rating from a nationally recognized rating agency;

3.	Interest-bearing savings accounts and certificates of deposit in state-certified qualified public depositories;

4.	Direct obligations of the U.S. Treasury.

							Weighted	
					Credit		Average	
Investment Type		Fair Value		Rating		Maturity	
First American Government Obligation Fund, Class Y	$	643,143		AAAm		23 Days	
U.S. Bank Managed Money Market			17,937		Not rated		N/A	
Total		$	661,080					

19

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 3 - Deposits and Investments (Continued):

Credit Risk:

The District’s investment policy limits credit risk by restricting authorized investments to those described. Investments in U.S. Government securities and agencies must be backed by the full faith and credit of the United States Government. Short term bond funds shall be rated by a nationally recognized ratings agency and shall maintain the highest credit quality rating.

Custodial Credit Risk:

In the case of deposits, this is the risk that, in the event of a bank failure, the District’s deposits may not be returned to it. The District’s investment policy requires that bank deposits be secured as provided by Chapter 280, Florida Statutes. This law requires local governments to deposit funds only in financial institutions designated as qualified public depositories by the Chief Financial Officer of the State of Florida, and creates the Public Deposits Trust Fund, a multiple financial institution pool with the ability to assess its member financial institutions for collateral shortfalls if a default or insolvency has occurred. At September 30, 2017, all of the District’s bank deposits were in qualified public depositories.

For an investment, this is the risk that, in the event of the failure of the counterparty, the government will not be able to recover the value of its investments or collateral securities that are in the possession of an outside party. At September 30, 2017, none of the investments listed are exposed to custodial credit risk because their existence is not evidenced by securities that exist in physical or book entry form.

Concentration of Credit Risk:

The District’s investment policy does not specify limits on the amount the District may invest in any one issuer.

Interest Rate Risk:

The District’s investment policy does not specifically address interest rate risk; however, the general investment policy is to apply the prudent-person rule: Investments are made as a prudent person would be expected to act, with discretion and intelligence, to seek reasonable income, preserve capital, and in general, avoid speculative investments. The District manages its exposure to declines in fair values by investing primarily in pooled investments that have a weighted average maturity of less than three months.

20

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 4 - Capital Assets:

Capital asset activity for the year ended September 30, 2017 was as follows:

	Beginning									Ending		
Governmental Activities:		Balance		Additions		Disposals			Balance		
													
Capital Assets, not being depreciated:													
Land and land improvements	$	881,686	$	-	$	-	$	881,686		
Infrastructure under construction		2,106,049			685,749			-			2,791,798		
Total capital assets, not being depreciated		2,987,735			685,749			-			3,673,484		
Capital Assets Being Depreciated:		6,232			-			-			6,232		
Equipment													
Infrastructure-Recreational facilities		2,669,290			-			-			2,669,290		
Total capital assets, being depreciated		2,675,522			-			-			2,675,522		
Less Accumulated Depreciation for:		(6,232)			-			-			(6,232)		
Equipment													
Infrastructure-recreational facilities		(785,957)			(88,976)			-			(874,933)		
Total accumulated depreciation		(792,189)			(88,976)			-			(881,165)		
Total capital assets being depreciated, net		1,883,333			(88,976)			-			1,794,357		
Governmental activities capital assets, net	$	4,871,068	$	596,773	$	-	$	5,467,841		

Depreciation expense for 2017 in the amount of $88,976 was charged to maintenance and operations.

Note 5 - Long-Term Liabilities:

Series 2006 and 2012 Bonds

On June 16, 2006, the District issued $9,785,000 of Special Assessment Bonds, Series 2006A and $10,145,000 Series 2006B. The Series 2006A Bonds are due on May 1, 2037 with a fixed interest rate of 5.5%; the Series 2006B Bonds are due May 1, 2014 with a fixed interest rate of 5.2%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the property within the District. Interest is paid semiannually on each May 1 and November 1 for both Series 2006A and 2006B Bonds. During a previous fiscal year, the Series 2006A Bonds were Trifurcated into three (3) separate Bond Series (see below). The Series 2006B Bonds were paid off in the previous fiscal year.

In February 2012, the Developer paid $1,283,158 in delinquent 2009, 2010, and 2011 assessments. These funds were utilized to fund past due principal and interest for 2010 and 2011. The remaining funds of $735,000 were used as a special redemption of the Series 2006A Bonds. As a result, the District vacated a foreclosure judgment against the previous Developer, Danville Land Investments, LLC.

21

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 5 - Long-Term Liabilities (Continued):

Series 2006 and 2012 Bonds (Continued)

On March 26, 2012, the Series 2006A Bonds were Trifurcated into three (3) separate Bond Series. As a result of the Trifurcation, the outstanding Series 2006A Bonds with a principal balance of $8,565,000 exchanged for; $1,675,000 in principal amount of the District’s Series 2012A-1, $1,535,000 in principal amount of the District’s Series 2012A-2, and $5,355,000 in principal amount of the District’s Series 2012A-3 (collectively, the “Series 2012 Bonds”). The Series 2012 Bonds are due May 1, 2037 with a fixed interest rate of 5.5%.

The Bond Indentures require that the District maintain adequate funds in a reserve account to meet the debt service reserve requirement as defined in the Indenture. This requirement has been met at September 30, 2017.

The Bond Indentures have certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Payment of principal and interest on the Series 2012 Bonds are secured by a pledge of and a first lien upon the pledged special assessment revenue. However, for the Series 2012 Bonds, each Series (2012A-1, 2012A-2 and 2012A-3) are secured only by assessments on developable land within each assessment area. The District is in compliance with the requirements of the Bond Indenture for the Series 2012 Bonds.

During the prior year, the District redeemed $1,265,000 of Series 2012A-2 Bonds at a discount of 64.666% ($818,025), which resulted in a special item reported in the government-wide statement of activities. In addition, the District, through an optional redemption, used proceeds of $150,000 from the issuance of Series 2016 Bonds to pay in full the outstanding 2012A-2 Bonds.

Total principal and interest remaining on the Series 2012 Bonds at September 30, 2017 is $10,293,925. For the year ended September 30, 2017, $538,425 of principal and interest was paid. Total special assessment revenue pledged for the year was $539,143.

22

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 5 - Long-Term Liabilities (Continued):

Series 2016 Bonds

In January 2016, the District issued $3,875,000 of Special Assessment Bonds, Series 2016 (Assessment Area A-2). The Series 2016 Bonds are due on November 1, 2047 with a fixed interest rate ranging from 4.25% to 6.0%. The Bonds were issued to fund certain construction projects in Assessment Area A-2 as defined by the Trust Indenture. In addition, bond proceeds were used for a special call on $150,000 Special Assessment Bonds, Series 2012A-2. Interest is paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing November 1, 2018 through November 1, 2047.

The Series 2016 Bonds are subject to redemption at the option of the District prior to maturity at a redemption price as set forth in the Bond Indenture. The Bonds are subject to extraordinary mandatory redemption prior to maturity in the manner determined by the Bond Indenture.

The Bond Indenture requires that the District maintain adequate funds in a reserve account to meet the debt service reserve requirements as defined in the Indenture. The requirement has been met at September 30, 2017.

The Bond Indenture has certain restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agreed to levy special assessments in annual amounts adequate to provide payment of debt service. Payment of principal and interest on the 2016 Bonds is secured by a pledge of and a first lien upon the pledged special assessment revenue. The District is in compliance with the requirements of the Bond Indenture.

As of September 30, 2017, total principal and interest remaining on the Series 2016 Special Assessment Revenue Bonds was $8,480,963. Interest paid in the current year was $224,850. There was no principal paid during the current year. Total special assessment revenue pledged for the year was $40,000.

23

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 5 - Long-Term Liabilities (Continued):

Long-term debt activity for the year ended September 30, 2017 was as follows:

			Beginning									Ending		Due Within		
			Balance		Increases			Decreases			Balance			One Year		
Governmental activities:																	
Bonds Payable:																	
Series 2012	$	6,335,000	$	-	$	(190,000)	$	6,145,000	$	175,000		
Series 2016			3,875,000			-			-			3,875,000			-		
Governmental activity long-																	
																	
term liabilities	$	10,210,000	$	-	$	(190,000)	$	10,020,000	$	175,000		

At September 30, 2017, the scheduled debt service requirements on the bonds payable were as follows:

						Governmental Activities	
Year Ending								
September 30,				Principal			Interest	
2018	$	175,000	$	562,825	
2019				240,000			552,031	
2020				250,000			539,519	
2021				265,000			526,350	
2022				275,000			512,525	
2023	-	2027				1,635,000			2,317,413	
2028	-	2032				2,160,000			1,809,500	
2033	-	2037				2,825,000			1,133,575	
2038	-	2042				825,000			540,750	
2043	-	2047				1,110,000			244,800	
2048						260,000			15,600	
			$	10,020,000	$	8,754,888	

24

AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT

NOTES TO FINANCIAL STATEMENTS (CONTINUED)

Year Ended September 30, 2017

Note 6 - Related Party Transaction:

Assessments from Developer:

The Developer owns a portion of land within the District; therefore, assessment revenue in the general and debt service funds include the assessments levied on those lots owned by the Developer. In the current year, special assessment revenue from the Developer was approximately $692,000, 68% of total special assessment revenue. At September 30, 2017, assessments receivable from the Developer was $142,370.

Concentrations:

A significant portion of the District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

Note 7 - Management Company:

The District has contracted with a management company to perform management advisory services, which include financial advisory and accounting services. Certain employees of the management company also serve as officers (Board appointed non-voting positions) of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting and other administrative costs.

Note 8 - 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; and natural disasters. These risks are covered by commercial insurance from independent third parties. The District has not filed any claims under this commercial coverage during the last three years.

25

COMPLIANCE SECTION

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

To the Board of Supervisors

Amelia Walk Community Development District

We have audited, in accordance with 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 the governmental activities and each major fund of the Amelia Walk Community Development District (the “District”) as of and for the year ended September 30, 2017, and the related notes to the financial statements, which collectively comprise the District’s financial statements and have issued our report thereon dated March 27, 2018.

Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the 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 a 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 over financial reporting was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control over financial reporting that might be a material weakness or significant deficiency. Given these limitations, during our audit, we did not identify any deficiencies in internal control over financial reporting that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

MCDIRMIT DAVIS & COMPANY, LLC

934 NORTH MAGNOLIA AVENUE, SUITE 100 ORLANDO, FLORIDA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

MEMBERS: PRIVATE COMPANIES PRACTICE SECTION AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

26

Compliance and Other Matters

As part of obtaining reasonable assurance about whether the District’s financial statements are free from 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.

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.

Orlando, Florida

March 27, 2018

27

MANAGEMENT COMMENTS

Board of Supervisors

Amelia Walk Community Development District

Report on the Financial Statements

We have audited the financial statements of the Amelia Walk Community Development District, (the “District”) as of and for the fiscal year ended September 30, 2017, and have issued our report thereon dated March 27, 2018.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; 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 Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and Compliance and Other Matters Based on an Audit of Financial Statements Performed in Accordance with Government Auditing Standards and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated March 27, 2018, should be considered in conjunction with this management letter.

Prior Audit Findings

Section 10.554(1)(i.)1., Rules of the Auditor General, require that we determine whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report. There were no such findings in the preceding annual financial audit report.

Official Title and Legal Authority

Section 10.554(1)(i)4., Rules of the Auditor General, requires that the name or official title and legal authority for the primary government and each component unit of the reporting entity be disclosed in this management letter, unless disclosed in the notes to the financial statements. This information has been disclosed in the notes to the financial statements.

MCDIRMIT DAVIS & COMPANY, LLC

934 NORTH MAGNOLIA AVENUE, SUITE 100 ORLANDO, FLORIDA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

MEMBERS: PRIVATE COMPANIES PRACTICE SECTION AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

28

Financial Condition and Management

Section 10.554(1)(i)5.a. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether or not the District has met one or more of the conditions described in Section 218.503(1), Florida Statutes, and to identify of the specific condition(s) met. In connection with our audit, we determined that the District did not met any of the conditions described in Section 218.503(1), Florida Statutes.

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

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.

Annual Financial Report

Section 10.554(1)(i)5.b. and 10.556(7), Rules of the Auditor General, require us to apply appropriate procedures and communicate the results of our determination as to whether the annual financial report for the District for the fiscal year ended September 30, 2017, filed with the Florida Department of Financial Services pursuant to Section 218.32(1)(a), Florida Statutes, is in agreement with the annual financial audit report for the fiscal year ended September 30, 2017. In connection with our audit, we determined that these two reports were in agreement.

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.

Orlando, Florida

March 27, 2018

29

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH

THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES

Board of Supervisors

Amelia Walk Community Development District

We have examined Amelia Walk Community Development District’s (the “District”) compliance with the requirements of Section 218.415, Florida Statutes, during the year ended September 30, 2017. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on the 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 the standards applicable to attestation engagements contained in Government Auditing Standards issued by the Comptroller General of the United States and, accordingly, included examining, on a test basis, evidence about the 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 the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the year ended September 30, 2017.

Orlando, Florida

March 27, 2018

MCDIRMIT DAVIS & COMPANY, LLC

934 NORTH MAGNOLIA AVENUE, SUITE 100 ORLANDO, FLORIDA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

MEMBERS: PRIVATE COMPANIES PRACTICE SECTION AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

30

To the Board of Supervisors

Amelia Walk Community Development District

We have audited the financial statements of Amelia Walk Community Development District (the “District”) as of and for the year ended September 30, 2017, and have issued our report thereon dated March 27, 2018. Professional standards require that we advise you of the following matters relating to our audit.

Our Responsibility in Relation to the Financial Statement Audit

As communicated in our engagement letter dated June 2, 2015, our responsibility, as described by professional standards, is to form and express an opinion(s) about whether the financial statements that have been prepared by management with your oversight are presented fairly, in all material respects, in accordance with accounting principles generally accepted in the United States of America. Our audit of the financial statements does not relieve you or management of your respective responsibilities.

Our responsibility, as prescribed by professional standards, is to plan and perform our audit to obtain reasonable, rather than absolute, assurance about whether the financial statements are free of material misstatements. An audit of financial statements includes consideration of internal control over financial reporting as a basis for designing 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 over financial reporting. Accordingly, as part of our audit, we considered the internal control of the District solely for the purpose of determining our audit procedures and not to provide any assurance concerning such internal control.

We are also responsible for communicating significant matters related to the audit that are, in our professional judgment, relevant to your responsibilities in overseeing the financial reporting process. However, we are not required to design procedures for the purpose of identifying other matters to communicate to you.

Planned Scope and Timing of the Audit

We conducted our audit consistent with the planned scope and timing we previously communicated to you.

Compliance with All Ethics Requirements Regarding Independence

The engagement team, and others in our firm, as appropriate, have complied with all relevant ethical requirements regarding independence.

MCDIRMIT DAVIS & COMPANY, LLC

934 NORTH MAGNOLIA AVENUE, SUITE 100 ORLANDO, FLORIDA 32803 TELEPHONE: 407-843-5406 FAX: 407-649-9339 EMAIL: INFO@MCDIRMITDAVIS.COM

MEMBERS: PRIVATE COMPANIES PRACTICE SECTION AMERICAN INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS FLORIDA INSTITUTE OF CERTIFIED PUBLIC ACCOUNTANTS

1

Qualitative Aspects of the Entity’s Significant Accounting Practices

Significant Accounting Policies

Management has the responsibility to select and use appropriate accounting policies. A summary of the significant accounting policies adopted by the District is included in Note 1 to the financial statements. There have been no initial selections of accounting policies and no changes in significant accounting policies or their application during 2017. No matters have come to our attention that would require us, under professional standards, to inform you about

(1) the methods used to account for significant unusual transactions and (2) the effect of significant accounting policies in controversial or emerging areas for which there is a lack of authoritative guidance or consensus.

Significant Accounting Estimates

Accounting estimates are an integral part of the financial statements prepared by management and are based on management’s current judgments. Those judgments are normally based on knowledge and experience about past and current events and assumptions about future events. Certain accounting estimates are particularly sensitive because of their significance to the financial statements and because of the possibility that future events affecting them may differ markedly from management’s current judgments.

The most sensitive accounting estimates affecting the financial statements are:

Management’s estimate of depreciation is based on the estimated useful lives of the capital assets. We evaluated the key factors and assumptions used to develop the depreciation estimate and determined that it is reasonable in relation to the basic financial statements taken as a whole and in relation to the applicable opinion units.

Significant Difficulties Encountered During the Audit

We encountered no significant difficulties in dealing with management relating to the performance of the audit.

Uncorrected and Corrected Misstatements

For purposes of this communication, professional standards require us to accumulate all known and likely misstatements identified during the audit, other than those that we believe are trivial, and communicate them to the appropriate level of management. Further, professional standards require us to also communicate the effect of uncorrected misstatements related to prior periods on the relevant classes of transactions, account balances or disclosures, and the financial statements as a whole and each applicable opinion unit. There were no identified misstatements.

2

Disagreements with Management

For purposes of this letter, professional standards define a disagreement with management as a matter, whether or not resolved to our satisfaction, concerning a financial accounting, reporting, or auditing matter, which could be significant to the District’s financial statements or the auditor’s report. No such disagreements arose during the course of the audit.

Representations Requested from Management

We have requested certain written representations from management, which are included in the attached letter dated March 27, 2018.

Management’s Consultations with Other Accountants

In some cases, management may decide to consult with other accountants about auditing and accounting matters. Management informed us that, and to our knowledge, there were no consultations with other accountants regarding auditing and accounting matters.

Other Significant Matters, Findings, or Issues

In the normal course of our professional association with the District, we generally discuss a variety of matters, including the application of accounting principles and auditing standards, operating and regulatory conditions affecting the entity, and operational plans and strategies that may affect the risks of material misstatement. None of the matters discussed resulted in a condition to our retention as the District’s auditors.

This report is intended solely for the information and use of the Board of Supervisors and management of the District and is not intended to be and should not be used by anyone other than these parties.

Orlando, Florida

March 27, 2018

3

Amelia Walk

Community Development District

5385 North Nob Hill Road ~ Sunrise, FL 33351

Ph. (954) 721-8681 Fax (954) 721-9202

March 27, 2018

McDirmit Davis & Company, LLC

934 North Magnolia Ave., Suite 100

Orlando, FL 32803

This representation letter is provided in connection with your audit of the governmental activities and each major fund of Amelia Walk Community Development District as of September 30, 2017 and for the year then ended, and the related notes to the financial statements, for the purpose of expressing opinions on whether the basic financial statements present fairly, in all material respects, the financial position, and results of operations of the various opinion units of Amelia Walk Community Development District in conformity with accounting principles generally accepted for governments in the United States of America (U.S. GAAP).

Certain representations in this letter are described as being limited to matters that are material. Items are considered material, regardless of size, if they involve an omission or misstatement of accounting information that, in the light of surrounding circumstances, makes it probable that the judgment of a reasonable person relying on the information would be changed or influenced by the omission or misstatement.

We confirm that, to the best of our knowledge and belief, having made such inquiries as we considered necessary for the purpose of appropriately informing ourselves as of March 27, 2018.

Financial Statements

x	We have fulfilled our responsibilities, as set out in the terms of the audit engagement dated June 2, 2015 for the preparation and fair presentation of the financial statements of the various opinion units referred to above in accordance with U.S. GAAP.

x	We acknowledge our responsibility for 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.
x	We acknowledge our responsibility for the design, implementation, and maintenance of internal control to prevent and detect fraud.

x	We acknowledge our responsibility for compliance with the laws, regulations, and provisions of contracts and grant agreements.

x	We have reviewed, approved, and taken responsibility for the financial statements and related notes.

x	We have a process to track the status of audit findings and recommendations.

x	We have identified and communicated to you all previous audits, attestation engagements, and other studies related to the audit objectives and whether related recommendations have been implemented.

x	Significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.

x	Related party relationships and transactions have been appropriately accounted for and disclosed in accordance with the requirements of U.S. GAAP.

x	All events subsequent to the date of the financial statements and for which U.S. GAAP requires adjustment or disclosure have been adjusted or disclosed.

x	The effects of all known actual or possible litigation and claims have been accounted for and disclosed in accordance with U.S. GAAP.

x	All component units, as well as joint ventures with an equity interest, are included and other joint ventures and related organizations are properly disclosed.

x	All funds and activities are properly classified.

x	All funds that meet the quantitative criteria in GASB Statement No. 34, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments, and GASB Statement No. 37, Basic Financial Statements—and Management's Discussion and Analysis—for State and Local Governments: Omnibus as amended, and GASB Statement No. 65, Items Previously Reported as Assets and Liabilities, for presentation as major are identified and presented as such and all other funds that are presented as major are considered important to financial statement users.

x	All components of net position, nonspendable fund balance, and restricted, committed, assigned, and unassigned fund balance are properly classified and, if applicable, approved.

x	Our policy regarding whether to first apply restricted or unrestricted resources when an expense is incurred for purposes for which both restricted and unrestricted net position/fund balance are available is appropriately disclosed and net position/fund balance is properly recognized under the policy.

x	All revenues within the statement of activities have been properly classified as program revenues, general revenues, contributions to term or permanent endowments, or contributions to permanent fund principal.

x	All expenses have been properly classified in or allocated to functions and programs in the statement of activities, and allocations, if any, have been made on a reasonable basis.

x	All interfund and intra-entity transactions and balances have been properly classified and reported.

x	Special items and extraordinary items have been properly classified and reported.

x	Deposit and investment risks have been properly and fully disclosed.

x	Capital assets, including infrastructure assets, are properly capitalized, reported, and if applicable, depreciated.

x	We have reviewed capital assets and infrastructure for impairment whenever events or changes in circumstances have indicated that the carrying amount of the assets might not be recoverable and have appropriately recorded the adjustment, if necessary.
x	All required supplementary information is measured and presented within the prescribed guidelines.

x	With regard to investments and other instruments reported at fair value:

	The underlying assumptions are reasonable and they appropriately reflect management’s intent and ability to carry out its stated courses of action.

	The measurement methods and related assumptions used in determining fair value are appropriate in the circumstances and have been consistently applied.

	The disclosures related to fair values are complete, adequate, and in conformity with U.S. GAAP.

	There are no subsequent events that require adjustments to the fair value measurements and disclosures included in the financial statements.

Information Provided

x	We have provided you with:

	Access to all information, of which we are aware that is relevant to the preparation and fair presentation of the financial statements of the various opinion units referred to above, such as records, documentation, meeting minutes, and other matters;
	Additional information that you have requested from us for the purpose of the audit; and

	Unrestricted access to persons within the entity from whom you determined it necessary to obtain audit evidence.

x	All transactions have been recorded in the accounting records and are reflected in the financial statements.

x	We have disclosed to you the results of our assessment of the risk that the financial statements may be materially misstated as a result of fraud.

x	We have no knowledge of any fraud or suspected fraud that affects the entity and involves: Management;

	Employees who have significant roles in internal control; or

	Others where the fraud could have a material effect on the financial statements.

x	We have no knowledge of any allegations of fraud, or suspected fraud, affecting the entity’s financial statements communicated by employees, former employees, vendors, regulators, or others.

x	We are not aware of any pending or threatened litigation and claims whose effects should be considered when preparing the financial statements.

x	We have disclosed to you the identity of the entity’s related parties and all the related party relationships and transactions of which we are aware.

x	There have been no communications from regulatory agencies concerning noncompliance with or deficiencies in accounting, internal control, or financial reporting practices.
x	Amelia Walk Community Development District has no plans or intentions that may materially affect the carrying value or classification of assets and liabilities.

x	We have disclosed to you all guarantees, whether written or oral, under which Amelia Walk Community Development District is contingently liable.

x	WE have disclosed to you all nonexchange financial guarantees, under which we are obligated and have declared liabilities and disclosed properly in accordance with GASB Statement No. 70. Accounting and Financial Reporting for Nonexchange Financial Guarantees, for those guarantees where it is more likely than not that the District will make a payment on any guarantee.

FIFTH ORDER OF BUSINESS

Amelia Walk Community Development District

Auditor Selection Evaluation Criteria

	Ability of Personnel	Proposer's Experience	Understanding of Scope	Ability to Furnish the	Price			
			of Work	Required Services				
								
	(e.g., geographic locations	(e.g., past record and		Extent to which the				
	of the firm's headquarters	experience of the Proposer						
				proposal demonstrates the				
	or permanent office in	in similar projects; volume						
				adequacy of proposer's	Points will be awarded			
	relation to the project;	of work previously	Extent to which the					
				financial resources and	based upon the price bid			
	capabilities and experience	performed by the firm; past	proposal demonstrates an					
				stability as a business	for the rendering of the	Point Total		
	of key personnel; present	performance for other	understanding of the					
				entity necessary to	services and			
	ability to manage this	Community Development	District's needs for the					
				complete the services	reasonableness of the price			
	project; evaluation of	Districts in other contracts;	services requested.					
				required (e.g., the existence	to services.			
	existing workload;	character; integrity;						
				of any natural disaster plan				
	proposed staffing levels,	reputation of respondent,						
				for business operations).				
	etc.)	etc.)						
								
Proposer	20	20	20	20	20	100		

Grau & Associates

McDirmit Davis

Berger, Toombs, Elam, Gaines & Frank

Carr, Riggs & Ingram

SIXTH ORDER OF BUSINESS

RESOLUTION 2018-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND APPROVING CHANGE OF DESIGNATED REGISTERED AGENT AND REGISTERED OFFICE OF THE AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT.

WHEREAS, the Amelia Walk Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes ,being situated entirely within Nassau County, Florida; and

WHEREAS, the District is statutorily required to designate a registered agent and a registered office location for the purposes of records keeping and accepting any process, notice, or demand required or permitting by law to be served upon the District in accordance with 189.014(1), Florida Statutes.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT;

Section 1. Jason M. Walters, is hereby designated as Registered Agent for the Amelia Walk Community Development District.

Section 2. The District’s Registered Office shall be located at 119 South Monroe Street, Suite 300, Tallahassee, Florida 32301.

Section 3. In accordance with Section 189.014, Florida Statutes, the District’s Secretary is hereby directed to file certified copies of this resolution with Nassau County and the Florida Department of Economic Opportunity.

Section 4. This Resolution shall become effective immediately upon adoption.

PASSED AND ADOPTED THIS 17TH DAY OF APRIL, 2018.

ATTEST:	AMELIA WALK COMMUNITY

DEVELOPMENT DISTRICT

SECRETARY/ASST. SECRETARY	CHAIRMAN/VICE CHAIRMAN

SEVENTH ORDER OF BUSINESS

RESOLUTION 2018-10

A RESOLUTION SETTING FORTH THE SPECIFIC TERMS OF THE AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT’S SPECIAL ASSESSMENT BONDS, SERIES 2018A (ASSESSMENT AREA 3A); CONFIRMING AND ADOPTING A SUPPLEMENTAL SPECIAL ASSESSMENT METHODOLOGY REPORT; CONFIRMING, ALLOCATING AND AUTHORIZING THE COLLECTION OF SPECIAL ASSESSMENTS SECURING SERIES 2018A SPECIAL ASSESSMENT BONDS; PROVIDING FOR THE SUPPLEMENT TO THE IMPROVEMENT LIEN BOOK; PROVIDING FOR CONFLICTS, SEVERABILITY AND AN EFFECTIVE DATE.

WHEREAS, the Amelia Walk Community Development District (the “District”), is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes (the “Act”); and

WHEREAS, the District has previously indicated its intention to undertake, install, establish, construct and/or acquire certain public infrastructure improvements and to finance such public infrastructure improvements through the imposition of special assessments on benefitted property within the District and the issuance of bonds; and

WHEREAS, pursuant to Resolution 2006-22, adopted by the Board of the District on May 30, 2006, the District authorized the issuance, sale and delivery of not to exceed $9,785,000 of its Amelia Walk Community Development District (Nassau County, Florida) Special Assessment Bonds, Series 2006A (the “2006A Bonds”), and not to exceed $10,145,000 of its Amelia Walk Community Development District (Nassau County, Florida) Special Assessment Bonds, Series 2006B (the “2006B Bonds” and, together with the 2006A Bonds, the “2006 Bonds”) under the Master Trust Indenture, dated as of June 1, 2006 (the “Master Indenture”), and a First Supplemental Indenture, dated as of June 1, 2006 (the “First Supplemental Indenture”), from the District to the Trustee, in order to secure the issuance of the 2006 Bonds and to set forth the terms of the 2006 Bonds; and

WHEREAS, pursuant to the Master Indenture and a Second Supplemental Trust Indenture, dated as of March 1, 2012 (the “Second Supplemental Indenture”), the District trifurcated and exchanged the 2006A Bonds into three series of bonds, consisting of its Amelia Walk Community Development District Special Assessment Bonds, 2012A-1 (the “2012A-1 Bonds”) in the aggregate principal amount of $1,675,000, Amelia Walk Community Development District Special Assessment Bonds, 2012A-2 (the “2012A-2 Bonds”) in the aggregate principal amount of $1,535,000, and Amelia Walk Community Development District Special Assessment Bonds, 2012A-3 (the “2012A-3 Bonds”) in the aggregate principal amount of $5,355,000 (collectively, the “2012A Bonds”); and

WHEREAS, the District has determined it in the best interests of the District and the landowners of the District to i) fund a portion of infrastructure improvements associated with Assessment Area 3A (the “2018 Project”); and ii) refund a portion of its outstanding Special Assessment Bonds, Series 2012A-3 Bonds with the issuance of its Amelia Walk Community

Page 1

Development District (Nassau County, Florida) Special Assessment Bonds, Series 2018A (Assessment Area 3A) in an aggregate principal amount of $7,135,000 (the “2018A Bonds”); and

WHEREAS, the 2018A Bonds are being issued by the District pursuant to the Act, Resolutions 2006-14 and 2018-01 adopted by the Board of Supervisors of the District (the "Board") on January 3, 2006 and January 16, 2018, respectively (collectively, the "Bond Resolution"), and the Master Indenture, as supplemented with respect to the 2018A Bonds by a Fourth Supplemental Trust Indenture dated as of April 1, 2018 (the "Fourth Supplemental Indenture”), each by and between the District and the Trustee; and

WHEREAS, on March 23, 2018, the District entered into a Bond Purchase Contract, whereby it agreed to sell its 2018A Bonds; and

WHEREAS, the District, on February 20, 2018, in accordance with Chapters 170, 190 and 197, Florida Statutes, without limitation, adopted Resolution 2018-07, A RESOLUTION

OF THE AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING DISTRICT PROJECTS FOR CONSTRUCTION AND/OR ACQUISITION OF INFRASTRUCTURE IMPROVEMENTS; EQUALIZING, APPROVING, CONFIRMING, AND LEVYING SPECIAL ASSESSMENTS ON ASSESSMENT AREA 3A SPECIALLY BENEFITED BY SUCH PROJECTS TO PAY THE COST THEREOF; PROVIDING FOR THE PAYMENT AND THE COLLECTION OF SUCH SPECIAL ASSESSMENTS BY THE METHODS PROVIDED FOR BY CHAPTERS 170, 190 AND 197, FLORIDA STATUTES; CONFIRMING THE DISTRICT'S INTENTION TO ISSUE SPECIAL ASSESSMENT BONDS; MAKING PROVISIONS FOR TRANSFERS OF REAL PROPERTY TO GOVERNMENTAL BODIES; PROVIDING FOR THE RECORDING OF AN ASSESSMENT NOTICE; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE (the “Assessment Resolution”); and

WHEREAS, pursuant to and consistent with the Assessment Resolution, this Resolution shall set forth the terms of the 2018A Bonds actually issued by the District and confirm the lien of the levy of special assessments securing the 2018A Bonds.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE AMELIA WALK COMMUNITY DEVELOPMENT DISTRICT AS FOLLOWS:

SECTION 1. AUTHORITY FOR THIS RESOLUTION. This Resolution is adopted pursuant to the provisions of Florida law, including without limitation Chapters 170, 190, and 197, Florida Statutes, and the Assessment Resolution.

SECTION 2. FINDINGS. The Board of Supervisors of the Amelia Walk Community Development District hereby finds and determines as follows:

(a) On February 20, 2018, the District, after due notice and public hearing, adopted the Assessment Resolution, which, among other things, equalized, approved, confirmed and

Page 2

levied special assessments on property benefitting from the infrastructure improvements authorized by the District. This Resolution shall supplement the Assessment Resolution for the purpose of setting forth the specific terms of the 2018A Bonds and certifying the amount of the lien of the special assessments securing any portion of the 2018A Bonds, including interest, costs of issuance, and the number of payments due.

(b)	Pursuant to Resolution 2018-07, the District adopted the Special Assessment Methodology Report for the Special Assessment Bonds Series 2018 (Assessment Area 3A), dated February 20, 2018 (the “Master Assessment Methodology”), as supplemented by the

	Supplemental Special Assessment Methodology Report for the Special Assessment Bonds, Series 2018 (Assessment Area 3A), dated February 20, 2018, attached to this Resolution as Exhibit A (the “Supplemental Assessment Methodology”). The Supplemental Assessment Methodology applies the Master Assessment Methodology to the 2018A Bonds. The Supplemental Assessment Methodology is hereby approved, adopted and confirmed. The District ratifies its use in connection with the sale of the 2018A Bonds.

(c)	The District’s 2018 Project, as described in the Engineer’s Report (amended for the Phases 3 & 4A), dated January 12, 2018, and constructed in connection with the 2018A Bonds continues to specially benefit all of the properties identified in the Supplemental Assessment Methodology. The benefits of the District’s 2018 Project exceed the assessments allocated as provided in the Supplemental Assessment Methodology.

SECTION 3. CONFIRMATION OF MAXIMUM ASSESSMENT LIEN FOR 2018A BONDS. This Resolution is intended to set forth the terms of the 2018A Bonds and the final amount of the lien of the special assessments securing those bonds. The 2018A Bonds shall bear such rates of interest and maturity as shown on Exhibit B attached hereto. The sources and uses of funds of the 2018A Bonds shall be as set forth in Exhibit C. The debt service due on the 2018A Bonds is set forth on Exhibit D attached hereto. The lien of the special assessments securing the 2018A Bonds on certain developable land within the District, as such land is described in Exhibit A, shall be the principal amount due on the 2018A Bonds, together with accrued but unpaid interest thereon, and together with the amount by which the annual assessments shall be grossed up to include early payment discounts required by law and costs of collection.

SECTION 4. ALLOCATION OF ASSESSMENTS SECURING 2018A BONDS.

(a)	The special assessments for the 2018A Bonds shall be allocated in accordance with Exhibit A. The Supplemental Assessment Methodology is consistent with the District’s Master Assessment Methodology. The Supplemental Assessment Methodology, considered herein, reflects the actual terms of the issuance of the District’s 2018A Bonds. The estimated costs of collection of the special assessments for the 2018A Bonds are as set forth in the Supplemental Assessment Methodology.

(b)	The lien of the special assessments securing the 2018A Bonds includes that certain land within the District (as those district boundaries may be adjusted pursuant to law) that originally secured the Series 2012A Bonds, and as such land is ultimately defined and set forth in

Page 3

plats, site plans or other designations of developable acreage. To the extent land is added to the District, the District may, by supplemental resolution at a regularly noticed meeting and without the need for public hearing, determine such land to be benefitted and reallocate the special assessments securing the 2018A Bonds and impose special assessments on the newly added and benefitted property.

(c)	The District shall in 2018 begin annual collection of special assessments for the 2018A Bonds debt service payment using the methods available to it by law. Beginning with the first debt service payment on November 1, 2018, there shall be thirty (30) years of semi-annual installments of principal and interest, as reflected on Exhibit D.

(d)	The District hereby certifies the special assessments for collection and directs staff to take all actions necessary to meet the time and other deadlines imposed for collection by the Nassau County and other Florida law. The District intends, unless inapplicable or unavailable, to collect the special assessments securing the 2018A Bonds using the Uniform Method in Chapter 197, Florida Statutes. The District Manager shall prepare or cause to be prepared each year a tax roll for purposes of effecting the collection of the special assessments and present same to the District Board as required by law. The District Manager is further directed and authorized to take all actions necessary to collect any prepayments of debt as and when due and to collect special assessments on unplatted property using methods available to the District authorized by Florida law.

SECTION 5. IMPROVEMENT LIEN BOOK. Immediately following the adoption of this Resolution these special assessments as reflected herein shall be recorded by the Secretary of the Board of the District in the District’s Improvement Lien Book. The special assessment or assessments against each respective parcel shall be and shall remain a legal, valid and binding first lien on such parcel until paid and such lien shall be coequal with the lien of all state, county, district, municipal or other governmental taxes and superior in dignity to all other liens, titles, and claims.

SECTION 6. OTHER PROVISIONS REMAIN IN EFFECT. This Resolution is intended to supplement the Assessment Resolution, which remains in full force and effect. This Resolution and the Assessment Resolution shall be construed to the maximum extent possible to give full force and effect to the provisions of each resolution. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

SECTION 7. SEVERABILITY. If any section or part of a section of this resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 8. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

PASSED in Public Session of the Board of Supervisors of the Amelia Walk Community Development District, this 17th day of April, 2018.

Page 4

ATTEST:	AMELIA WALK COMMUNITY

DEVELOPMENT DISTRICT

______________________________	________________________________________

Secretary/Assistant Secretary	Chairman, Board of Supervisors

Exhibit A:	Supplemental Assessment Methodology

Exhibit B:	Maturities and Coupon of 2018A Bonds
Exhibit C:	Sources and Uses of Funds for 2018A Bonds
Exhibit D:	Annual debt service payment due on 2018A Bonds

Page 5

Exhibit A

Supplemental Assessment Methodology

Amelia Walk

Community Development District

Final Numbers Supplemental Special Assessment Methodology Report for the Special Assessment Bonds Series 2018A

(Assessment Area 3A)

March 23, 2018

Prepared by

Governmental Management Services, LLC

Table of Contents

1.0	Introduction

1.1   Executive Summary	3

1.2   Special Benefits and General Benefits	5

1.3   Requirements of a Valid Assessment Methodology	5

2.0	The Series 2018A Bonds

	2.1   Development Plan Overview  ……………………………………..5

2.2	Bond Description	……….……………………………………….6

3.0	Assessment Allocation

3.1   Structure	6

3.2   Assessment Allocation	7

4.0	True-Up Mechanism

4.1   Structure	7

4.2   Additional Stipulations   ……….……………………………………8

............................................................................................................

5.0	Appendix

Table 1	Development Plan  ..…………………………………………...9	
Table 2	Bond Series 2018A Sources and Uses  ..……………………10	
Table 3	Par Debt and Debt Service Allocation Series 2018A .......11	
Table 4	Assessment Roll Series 2018A    ..…...................................12	

2

1.0	Introduction

	1.1 Executive Summary 1.1.1 The District

Amelia Walk Community Development District, a local unit of special-purpose government, was established by ordinance number 2005-81, enacted by the Board of County Commissioners of Nassau County, Florida on December 22, 2005 (the “District”). The District encompasses approximately 563 acres of land located within the unincorporated area of Nassau County, Florida, and was established for the purpose of, among other things, financing and managing the acquisition, construction, maintenance and operation of major infrastructure necessary for development to occur within Amelia Walk.

Amelia Walk is a planned community located in the eastern part of Nassau County located halfway between I-95 and the intercoastal, waterway accessible off State Road 200/ Highway A1A. The development is planned to include 749 single-family homes and a community recreation center.

1.1.2  Supplemental Assessment Methodology Report

The Special Assessment Methodology Report for the Special Assessment Bonds Series 2018 (Assessment Area 3A) dated February 20, 2018 provided for the full funding of the construction program as contained in the Engineers report dated 1/12/18 and the tendering, cancelling or redeeming of a portion of the Series 2012A-3 Bonds. This Supplemental Special Assessment Methodology Report for the Special Assessment Bonds Series 2018A (Assessment Area 3A) (“Supplemental 2018 Assessment Report”) reflects a partial funding of the construction program along with the tendering, cancelling or redeeming of a portion of the Series 2012A-3 Bonds.

3

1.1.3  Series 2006A Bonds

The District’s Board of Supervisors (the “Board”) adopted its Capital Improvement Plan (“CIP”), dated May 16, 2006 as supplemented on April 5, 2011 describing infrastructure improvements the District intends to finance, construct, install and / or acquire. The Board approved the issuance of the Series 2006A and 2006B Special Assessment Bonds and the related Supplemental Assessment Methodology Report, Final Numbers, dated June 26, 2006 (“2006 Assessment Report”). This report was amended on April 7, 2011 as a completion report.

1.1.4 The Restructuring of Series 2006A Bonds

On February 21, 2012, the Board adopted Resolution 2012-02 approving the restructuring of the outstanding Series 2006A Bonds. There were no changes to the 2006B Bonds. The restructured special assessment bonds are made up of three series of bonds consisting of Series 2012A-1, 2012A-2 and 2012A-3 collectively, (the “Series 2012 Bonds”). Each Series of Bonds has a corresponding assessment area, referred to as the Series 2012A-1 assessment area, the Series 2012A-2 assessment area and the Series 2012A-3 assessment area. The Series 2012A-1 assessment area known as Phase 1 is comprised of 153 platted lots, the Series 2012A-2 assessment area known as phase 2 consists of developed lands of 134 lots. The Series 2012A-2 Bonds were cancelled and a new Series 2016A-2 Bonds were issued for 134 lots. The Series 2012A-3 assessment area consists of the remaining raw land planned for 462 lots, the associated Series 2012A-3 Bonds will be either: (i) tendered and canceled, or (ii) redeemed, upon the issuance of the Series 2018A Bonds.

1.1.5 Assessment Area 3

Assessment Area 3 contains 298 acres and is planned for 462 residential lots. To facilitate the Developers finance and development plan, the District is bifurcating Assessment Area 3 into Assessment Area 3A and Assessment area 3B. Assessment area 3A contains 169 acres and is planned for 204 residential units. Assessment area 3B contains 129 acres and is planned for 258 units.

4

1.1.6 The Series 2018A Bonds

The District is issuing Special Assessment Bonds Series 2018A (the “Series 2018A Bonds”) to fund a portion of infrastructure improvements associated with Assessment Area 3A which includes development phases 3 and 4A. The construction proceeds from the Series 2018A Bonds will be utilized for roadways, stormwater, utilities including – water/wastewater/electrical, amenity expansion, landscaping,engineering/permitting and to redeem a portion of the Series 2012A-3 Bonds. The details of the construction program are outlined in the Engineer’s Report (amended for Phases 3 & 4A), dated 1/12/18 (“2018 Engineer’s Report”).

1.2	Special Benefits and General Benefits

Improvements undertaken by the District create special and unique benefits to the property, different in kind and degree than general benefits, for properties within its borders as well as general benefits to the public at large. The allocation of benefits will continue to be proportional to the special benefit associated with the residential lot.

1.3	Requirements of a Valid Assessment Methodology

Special assessments under Florida law, to be valid, must meet two requirements. The first requirement is that the properties assessed must receive a special benefit from the improvements paid for by the assessments. The second requirement is that the assessments must be fairly and reasonably allocated to the properties being assessed.

Florida law provides for a wide application of special assessments that meet these two characteristics of special assessments.

As previously noted the allocation of the special assessments will be proportional to the benefit associated with each parcel or residential lot.

5

2.0	The Series 2018A Bonds

2.1	Development Plan - Overview

	The primary landowner (“Landowner”) of the property within the District has defined the land uses for the property. The land uses are described in the Development Plan in Table 1 (Appendix). The Development Plan may change depending upon market conditions.

2.2	Series 2018A Bond Description

	The 2018A Bonds will be issued at a par amount of amount of $7,135,000 and have a term of 30-years, with an average coupon interest rate of 5.28 %. See bond terms on Table 2 along a summary of the sources and uses of the Series 2018A Bond proceeds.

3.1	Assessment Allocation

3.1	Structure

	The debt required to finance the CIP infrastructure for the 204 lots is allocated to the specific benefited lands within the District. Table 3 provides for the par debt and debt service allocations based upon a per lot basis for the Series 2018A Bonds. The annual debt service amounts are net of collection costs for Nassau County of 3% and maximum early payment discounts of 4% provided by Florida Statutes.

3.2	Assessment Allocation

Based upon the District’s CIP, the District’s assessment advisor and underwriter determined the amount of bonds required to fund a portion of the infrastructure costs.

The District’s CIP consists of roadway improvements, potable water, wastewater, landscaping, monumentation, signage,

6

amenities and stormwater improvements that benefit the assessed lands within the District. Assessment Area 3A lands will pay assessments on an equal acreage basis until the single-family lots are platted. The assessments are eventually determined on a per lot Equivalent Residential Unit (“ERU”) basis.

As lands are platted for the Assessment Area 3A, each lot will be assessed a proportional share of the total Series 2018A Bond debt in accordance with Table 3 according to lot size and the remaining debt and debt service assessment will be allocated in the manner described in the above paragraph on an acreage basis. The relative assessment allocations are not on a strict lot front footage basis but on an average basis for the designated lot type.

4.1	True-Up Mechanism

4.1	Structure

It is anticipated that the entire Series 2018 Assessment Area will be platted in two separate plats containing all 204 lots. In order to ensure that the District’s debt will not unfairly burden the undeveloped acres, and ensure non-ad valorem special assessments will be constitutionally lienable on the property, the District shall the follow the procedures set forth below.

To ensure that there will always be sufficient development potential remaining in the unsubdivided property and to assure payment of debt service after a plat or site plan approval, the debt per acre remaining on the unsubdivided land will never be allowed to increase above its maximum debt per acre level. Initially, the maximum level of debt per acre is calculated as the total amount of debt for the Series 2018 Bond improvement program divided by the total number of ERUs in the Series 2018 Assessment Area. Initially, it will be $7,135,000 divided by 234.92 ERUs or 1.39 ERUs per acre equaling $ 30,372 per ERU. Every time a plat or site plan approval is presented, the debt on the land remaining after the plat or site plan approval must remain at or below $42,217 per acre. If the initial debt per acre amount would be exceeded after a plat or site plan is approved, then in order

7

for the Landowner to receive a plat or site plan approval from Nassau County, the Landowner will be required to make a true-up payment so that the $42,217 per acre debt level for Series 2018 Bonds is not exceeded.

4.2	Additional Stipulations

Certain financing, development, and engineering data was provided by members of District staff and/or the Landowner. The allocation methodology described herein was based on information provided by those professionals. Governmental Management Services, LLC makes no representations regarding said information transactions beyond restatement of the factual information necessary for compilation of this report. For further information about the Series 2018 Bonds, please refer to the Indentures.

8

Table 1

Amelia Walk Community Development District

Development Program Series 2018A Capital Improvement Bonds

		ERU Per	Total	
Land Use	2018A Units	Unit	ERUs	
Single Family				
Residential:				
Phases 3 and 4A				
80' lot	59	1	59	
90' lot	27	1.14	30.78	
100' lot	118	1.23	145.14	
Sub Total				
	204		234.92	

Prepared By: Governmental Management Services, LLC

9

Table 2

Amelia Walk Community Development District

Series 2018A Capital Improvement Bonds- Sources and Uses of Funds

Sources:	2018A		
Bond Proceeds - Par Amount	$7,135,000		
Original Issue Discount	-$10,168		
Tramsfer of 2012A3 Revenue Funds	$47,433		
Total Sources of Funds			
	$7,172,265		
Uses:			
Construction Funds	$5,796,058		
Debt Service Reserve Fund MADS	$360,427		
Interest Reserve	$195,237		
Cost of Issuance	$328,150		
Payoff Series 2012A-3 Bonds	$492,393		
Rounding	$0		
Total Uses of Funds			
	$7,172,265		
Average Coupon Interest Rate	5.28%		
Term	30 years		
CAPI period	thru 11/1/18		

Prepared By: Governmental Management Services, LLC

10

Table 3

Amelia Walk Community Development District

Par Debt and Debt Service Allocations Series 2018A

Capital Improvement Bonds

Land Use				2018A Bond	2018A Bond	2018A Bond		
Single Family		Par	Total	Net per Unit	Total	Gross per Unit		
	Debt per Unit	Par Debt	Annual	Annual Net	Annual		
Residential:	No. of Units 2018A Bond	2018A Bond Debt Service Debt Service Debt Service (1)		
80' lot	59	$30,366	$1,791,598	$2,045	$120,671	$2,199		
90' lot	27	$34,618	$934,686	$2,332	$62,955	$2,507		
100' lot	118	$37,362	$4,408,716	$2,516	$296,943	$2,706		
Total								
	204		$7,135,000		$480,569			

(1) Include 4% provision for early payment discount and 3% collection costs for Nassau County.

Prepared By: Governmental Management Services, LLC

11

TABLE 4

AMELIA WALK CDD

ASSESSMENT ROLL BOND SERIES 2018

SERIES 2012-3 LIEN BOOK

					CURRENT	
			CURRENT	CURRENT SERIES	SERIES 2012-3	
			ASMT	2012-3 BOND	MAX ANNUAL	
PROPERTY ID #	OWNER	ACREAGE	UNITS	BALANCE	NET	
13-2N-27-0000-0001-0000	AW VENTURE II LLC	293.0	463	4,628,941.69	389,492.40	
13-2N-27-0720-000L-0000	AW VENTURE I LLC	4.2	7	71,058.32	5,979.05	
TOTAL SERIES 2012-3		297.2	470	4,700,000.00	395,471.45	
SERIES 2018 DEVELOPMENT PLAN					
			UPDATED		SERIES 2018A	
			ASMT	SERIES 2018A	MAX ANNUAL	
PROPERTY ID #	OWNER	ACREAGE	UNITS	BOND PAR	NET	
13-2N-27-0000-0001-0000	AW VENTURE II LLC	164.8	197	6,957,339.00	468,603.00	
13-2N-27-0720-000L-0000	AW VENTURE I LLC	4.2	7	177,661.00	11,966.00	
TOTAL SERIES 2018		169.0	204	7,135,000.00	480,569.00	

Prepared By: Governmental Management Services, LLC	13

Exhibit B

Maturities and Coupon of Series 2018A Special Assessment Bonds

Exhibit C

SOURCES AND USES OF FUNDS

Exhibit D

DEBT SERVICE REQUIREMENTS

NINTH ORDER OF BUSINESS

D.

MONTHLY MANAGEMENT REPORT

COMMUNITY NAME: Amelia Walk CDD	MANAGEMENT REPORT		
NAME OF MANAGER: Jen Erickson	MONTH OF: March 21 -		
	April 19, 2018				
								
	DISTRIBUTION:	TITLE		METHOD		
	Amelia Walk CDD Board		Developer		E		
	Dave deNagy, GMS		Manager		E		
	AV Homes	Builder		E		

Method of distribution: Fax (F), E-mail (E), Mail (M), Hand Delivered (H)

Prepared by Evergreen Lifestyles Management	Page - 1 -		
All rights reserved			

I. ADMINISTRATION:

•	CDD Violations: None

	II. PROJECT UP DATE AND STATUS:

•	Administrative Projects:

•	NCSO – contract is with the county awaiting to be put on schedule

Maintenance Items Completed:

•	Broken board at Cherry Creek repaired

•	Back flow repaired

•	Sprinkler at Phase 2 repaired

•	Hot water tank replaced

•	Flower design

•	Lake algae treated

•	Toilet leak repaired

Maintenance Items in the Process/to be Completed:

•	Pool repairs
•	Sidewalk repair
•	Pool brick steps repaired
•	Monument repairs
•	AC ducts to be cleaned
•	Mold remediation - offices

	III. BIDS AND PROPOSALS:
•	Martex - Replace dead plants Phase II

•	TBD

•	TBD

IV. SCHEDULED EVENTS:

Upcoming Events:

•	Spring Sangria Social May 5, 2018

•	Paint Nite - May 2018

•	Summer Break Pool Party - June 16, 2018

GENERAL COMMENTS OR CONCERNS WITHIN THE COMMUNITY

Prepared by Evergreen Lifestyles Management All rights reserved

ELEVENTH ORDER OF BUSINESS

A.

Amelia Walk

Community Development District

Unaudited Financial Statements

as of

March 31, 2018

Board of Supervisors Meeting

April 17, 2018

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

BALANCE SHEET

March 31, 2018

			Major Funds					Total		
			Debt		Capital			Governmental		
	General		Service		Projects			Funds		
ASSETS:										
Cash	$129,776	---	---	$129,776		
Due from Future Bonds	$6,069	---	---	$6,069		
Investment - Custody US Bank	$106,695	---	---	$106,695		
Investments:										
Series 2012										
Reserve 2012A-1	---	$60,861	---	$60,861		
Revenue 2012A-1	---	$155,297	---	$155,297		
Revenue 2012A-3	---	$47,433	---	$47,433		
Series 2016										
Reserve 2016A-2	---	$280,925	---	$280,925		
Revenue 2016A-2	---	$282,483	---	$282,483		
Prepayment 2016A-2	---	$30,000	---	$30,000		
Construction	---	---	$10,279	$10,279		
TOTAL ASSETS								
	$242,540		$857,000		$10,279		$1,109,819		
LIABILITIES										
										
Accounts Payable	$20,937	---	---	$20,937		
Deposits - Office Lease	$200		---		---		$200		
TOTAL LIABILITIES	$21,137	$0	$0	$21,137		
FUND BALANCES:										
Restricted for:										
Debt Service	---	$857,000	---	$857,000		
Capital Projects	---	---	$10,279	$10,279		
Unassigned	$221,403		---		---		$221,403		
TOTAL FUND BALANCES	$221,403		$857,000		$10,279		$1,088,681		
TOTAL LIABILITIES AND FUND BALANCES								
	$242,540		$857,000		$10,279		$1,109,819		

Page 1

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND

Statement of Revenues, Expenditures, and Changes in Fund Balance

For The Period Ending March 31, 2018

		ADOPTED		PRORATED BUDGET		ACTUAL			
		BUDGET		THRU 03/31/2018		THRU 03/31/2018		VARIANCE	
REVENUES:									
Maintenance Assessments-On Roll (Net)	$185,504	$185,504	$186,307	$803	
Maintenance Assessments-Off Roll	$299,265	$224,449	$224,449	$0	
Interest Income	$100	$50	$63	$13	
Clubhouse Rental Income	$500	$250	$353	$103	
Miscellaneous Income	$0	$0	$403	$403	
									
TOTAL REVENUES	$485,368	$410,252	$411,574	$1,322	
EXPENDITURES:									
ADMINISTRATIVE:									
Supervisor Fees	$8,000	$4,000	$4,200	($200)	
FICA Expense	$612	$306	$321	($15)	
Engineering Fees	$5,000	$2,500	$4,300	($1,800)	
Assessment Roll Administration	$5,000	$5,000	$5,000	$0	
Dissemination	$2,000	$1,000	$1,500	($500)	
Trustee Fees	$10,775	$5,388	$5,388	$0	
Arbitrage	$1,200	$600	$0	$600	
Attorney Fees	$18,000	$9,000	$6,471	$2,529	
Annual Audit	$3,800	$3,800	$3,900	($100)	
Management Fees	$48,600	$24,300	$24,300	$0	
Computer Time	$1,000	$500	$500	$0	
Travel & Per Diem	$1,000	$500	$222	$278	
Telephone	$300	$150	$120	$30	
Postage	$600	$300	$468	($168)	
Printing & Binding	$1,200	$600	$830	($230)	
Insurance	$8,066	$8,066	$7,923	$143	
Legal Advertising	$6,200	$3,100	$2,375	$725	
Other Current Charges	$400	$200	$282	($82)	
Office Supplies	$200	$100	$69	$31	
Dues, Licenses & Subscriptions	$175	$175	$175	$0	
									
TOTAL ADMINISTRATIVE	$122,128	$69,585	$68,343	$1,242	
FIELD:									
Contract Services:									
Landscaping & Fertilization Maintenance	$98,512	$49,256	$34,864	$14,392	
Fountain Maintenance	$1,500	$750	$527	$223	
Lake Maintenance	$8,995	$4,498	$3,500	$998	
Security	$4,200	$2,100	$2,077	$23	
Refuse	$1,400	$700	$1,288	($588)	
Management Company		$15,120		$6,300		$6,300		$0	
Subtotal Contract Services	$129,727	$63,604	$48,556	$15,048	
Repairs & Maintenance:									
Repairs & Maintenance	$39,184	$19,592	$13,361	$6,231	
Landscaping Extras (Flowers & Mulch)	$0	$0	$7,070	($7,070)	
Irrigation Repairs		$3,000		$1,500		$311		$1,189	
Subtotal Repairs & Maintenance		$42,184		$21,092		$20,741		$351	

Page 2

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

GENERAL FUND

Statement of Revenues, Expenditures, and Changes in Fund Balance

For The Period Ending March 31, 2018

		ADOPTED		PRORATED BUDGET		ACTUAL			
		BUDGET		THRU 03/31/2018		THRU 03/31/2018		VARIANCE	
Utilities:									
Electric	$15,500	$7,750	$8,201	($451)	
Streetlighting	$10,000	$5,000	$7,340	($2,340)	
Water & Wastewater		$71,000		$35,500		$48,662		($13,162)	
Subtotal Utilities	$96,500	$48,250	$64,203	($15,953)	
Amenity Center:									
Insurance	$16,000	$16,000	$14,417	$1,583	
Pool Maintenance	$9,360	$4,680	$3,900	$780	
Pool Chemicals	$3,000	$1,500	$767	$733	
Pool Permit	$300	$150	$0	$150	
Amenity Attendant	$35,280	$17,640	$9,700	$7,940	
Cable TV/Internet	$3,438	$1,719	$1,773	($53)	
Janitorial Service	$12,001	$5,000	$5,000	$0	
Special Events	$5,000	$2,500	$2,144	$356	
Decorations-Holiday	$0	$0	$160	($160)	
Facility Maintenance (including Fitness Equip)		$5,000		$2,500		$3,435		($935)	
Subtotal Amenity Center	$89,379	$51,689	$41,296	$10,394	
Reserves:									
Capital Reserves	$5,450	$2,725	$4,580	($1,855)	
									
Subtotal Reserves		$5,450		$2,725		$4,580		($1,855)	
									
Total Field Expenditures		$363,240		$187,360		$179,375		$7,985	
									
TOTAL EXPENDITURES		$485,368		$256,945		$247,718		$9,226	
									
EXCESS REVENUES (EXPENDITURES)		$0				$163,856			
FUND BALANCE - Beginning	$0			$57,547			
									
FUND BALANCE - Ending	$0			$221,403			

Page 3

AMELIA WALK

Community Development District

General Fund

Statement of Revenues and Expenditures (Month by Month)

FY 2018

	OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEP	TOTAL	
	2017	2017	2017	2018	2018	2018	2018	2018	2018	2018	2018	2018		
Revenues														
Maintenance Assessments-On Roll (Net)	$0	$5,332	$63,148	$109,305	$8,010	$512	$0	$0	$0	$0	$0	$0	$186,307	
Maintenance Assessments-Off Roll	$74,816	$0	$0	$0	$0	$149,632	$0	$0	$0	$0	$0	$0	$224,449	
Developer Contributions	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Interest Income	$0	$9	$3	$9	$24	$17	$0	$0	$0	$0	$0	$0	$63	
Clubhouse Rental Income	$353	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$353	
Miscellaneous Income	$0	$0	$0	$0	$0	$403	$0	$0	$0	$0	$0	$0	$403	
														
Total Revenues	$75,169	$5,341	$63,152	$109,313	$8,035	$150,565	$0	$0	$0	$0	$0	$0	$411,574	
Supervisor Fees	$600	$0	$1,000	$1,000	$1,000	$600	$0	$0	$0	$0	$0	$0	$4,200	
FICA Expense	$46	$0	$77	$77	$77	$46	$0	$0	$0	$0	$0	$0	$321	
Engineering Fees	$600	$1,300	$450	$600	$0	$1,350	$0	$0	$0	$0	$0	$0	$4,300	
Assessment Roll Administration	$5,000	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$5,000	
Dissemination	$167	$167	$417	$167	$417	$167	$0	$0	$0	$0	$0	$0	$1,500	
Trustee Fees	$0	$0	$0	$0	$5,388	$0	$0	$0	$0	$0	$0	$0	$5,388	
Arbitrage	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Attorney Fees	$1,932	$1,794	$0	$2,745	$0	$0	$0	$0	$0	$0	$0	$0	$6,471	
Annual Audit	$0	$0	$0	$0	$0	$3,900	$0	$0	$0	$0	$0	$0	$3,900	
Management Fees	$4,050	$4,050	$4,050	$4,050	$4,050	$4,050	$0	$0	$0	$0	$0	$0	$24,300	
Computer Time	$83	$83	$83	$83	$83	$83	$0	$0	$0	$0	$0	$0	$500	
Travel & Per Diem	$84	$0	$0	$0	$0	$138	$0	$0	$0	$0	$0	$0	$222	
Telephone	$0	$18	$24	$36	$35	$7	$0	$0	$0	$0	$0	$0	$120	
Postage	$79	$72	$92	$125	$55	$46	$0	$0	$0	$0	$0	$0	$468	
Printing & Binding	$88	$7	$6	$114	$413	$202	$0	$0	$0	$0	$0	$0	$830	
Insurance	$7,923	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$7,923	
Legal Advertising	$0	$543	$248	$723	$614	$248	$0	$0	$0	$0	$0	$0	$2,375	
Other Current Charges	$49	$76	$45	$67	$45	$0	$0	$0	$0	$0	$0	$0	$282	
Office Supplies	$18	$13	$0	$13	$13	$13	$0	$0	$0	$0	$0	$0	$69	
Dues, Licenses & Subscriptions	$175	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$175	
														
Total Administrative	$20,894	$8,122	$6,491	$9,800	$12,189	$10,848	$0	$0	$0	$0	$0	$0	$68,343	
FIELD:														
Contract Services:														
Landscaping & Fertilization Maintenance	$5,811	$5,811	$5,811	$5,811	$5,811	$5,811	$0	$0	$0	$0	$0	$0	$34,864	
Fountain Maintenance	$0	$0	$527	$0	$0	$0	$0	$0	$0	$0	$0	$0	$527	
Lake Maintenance	$700	$700	$700	$700	$700	$0	$0	$0	$0	$0	$0	$0	$3,500	
Security	$400	$159	$106	$1,306	$106	$0	$0	$0	$0	$0	$0	$0	$2,077	
Refuse	$213	$213	$214	$215	$216	$217	$0	$0	$0	$0	$0	$0	$1,288	
Management Company	$1,260	$1,260	$1,260	$1,260	$1,260	$0	$0	$0	$0	$0	$0	$0	$6,300	
Total Contract Services	$8,384	$8,143	$8,618	$9,291	$8,093	$6,027	$0	$0	$0	$0	$0	$0	$48,556	

Page 4

AMELIA WALK

Community Development District

General Fund

Statement of Revenues and Expenditures (Month by Month)

FY 2018

	OCT	NOV	DEC	JAN	FEB	MAR	APR	MAY	JUN	JUL	AUG	SEP	TOTAL	
	2017	2017	2017	2018	2018	2018	2018	2018	2018	2018	2018	2018		
Repairs & Maintenance:														
Repairs & Maintenance	$1,596	$5,365	$613	$1,620	$1,755	$2,411	$0	$0	$0	$0	$0	$0	$13,361	
Landscaping Extras (Flowers & Mulch)	$544	$3,404	$0	$3,122	$0	$0	$0	$0	$0	$0	$0	$0	$7,070	
Irrigation Repairs	$22	$0	$0	$0	$289	$0	$0	$0	$0	$0	$0	$0	$311	
Total R&M	$2,162	$8,769	$613	$4,742	$2,044	$2,411	$0	$0	$0	$0	$0	$0	$20,741	
Utilities:														
Electric	$1,495	$1,327	$1,230	$1,439	$1,458	$1,252	$0	$0	$0	$0	$0	$0	$8,201	
Streetlighting	$1,231	$1,231	$1,231	$1,232	$1,232	$1,182	$0	$0	$0	$0	$0	$0	$7,340	
Water & Wastewater	$11,793	$10,029	$9,158	$6,224	$6,307	$5,152	$0	$0	$0	$0	$0	$0	$48,662	
Total Utilities	$14,519	$12,587	$11,619	$8,895	$8,997	$7,586	$0	$0	$0	$0	$0	$0	$64,203	
Amenity Center:														
Insurance	$14,417	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$14,417	
Pool Maintenance	$780	$780	$780	$780	$780	$0	$0	$0	$0	$0	$0	$0	$3,900	
Pool Chemicals	$620	$148	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$767	
Pool Permit	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Amenity Attendant	$0	$2,430	$740	$4,590	$1,940	$0	$0	$0	$0	$0	$0	$0	$9,700	
Telephone	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Cable TV/Internet	$287	$287	$287	$301	$310	$301	$0	$0	$0	$0	$0	$0	$1,773	
Janitorial Service	$1,000	$1,000	$1,000	$1,000	$1,000	$0	$0	$0	$0	$0	$0	$0	$5,000	
Special Events	$0	$926	$1,174	$43	$0	$0	$0	$0	$0	$0	$0	$0	$2,144	
Decorations-Holiday	$0	$0	$160	$0	$0	$0	$0	$0	$0	$0	$0	$0	$160	
Facility Maintenance (including Fitness Equip)	$475	$879	$47	$245	$728	$1,061	$0	$0	$0	$0	$0	$0	$3,435	
Total Amenity Center	$17,578	$6,450	$4,188	$6,959	$4,758	$1,361	$0	$0	$0	$0	$0	$0	$41,296	
Reserves:														
Capital Reserves	$3,695	$885	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$4,580	
Total Reserves	$3,695	$885	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$4,580	
														
Total Field Expenses	$46,338	$36,832	$25,039	$29,887	$23,892	$17,386	$0	$0	$0	$0	$0	$0	$179,375	
														
Subtotal Operating Expenses	$67,232	$44,955	$31,530	$39,687	$36,080	$28,234	$0	$0	$0	$0	$0	$0	$247,718	
Interfund Transfers	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	
Excess Revenues (Expenditures)	$7,937	($39,614)	$31,622	$69,626	($28,046)	$122,331	$0	$0	$0	$0	$0	$0	$163,856	

Page 5

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

SERIES 2012A-1

DEBT SERVICE FUND

Statement of Revenues, Expenditures, and Changes in Fund Balance

For The Period Ending March 31, 2018

	ADOPTED	PRORATED	ACTUAL			
	BUDGET	THRU 03/31/2018	THRU 03/31/2018	VARIANCE		
REVENUES:						
Special Assessments	$122,932	$121,655	$121,655	$0		
Special Assessments - A Prepayments	$0	$0	$0	$0		
Interest Income	$0	$0	$528	$528		
TOTAL REVENUES						
	$122,932	$121,655	$122,184	$528		
EXPENDITURES:						
Series 2012A-1						
Interest - 11/01	$39,738	$39,738	$39,738	$0		
Interest - 5/01	$39,738	$0	$0	$0		
Principal - 5/01	$40,000	$0	$0	$0		
TOTAL EXPENDITURES						
	$119,475	$39,738	$39,738	$0		
EXCESS REVENUES (EXPENDITURES)						
	$3,457		$82,446			
FUND BALANCE - Beginning	$71,521		$133,712			
FUND BALANCE - Ending						
	$74,978		$216,158			

Page 6

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

SERIES 2012A-3

DEBT SERVICE FUND

Statement of Revenues, Expenditures, and Changes in Fund Balance

For The Period Ending March 31, 2018

	ADOPTED	PRORATED	ACTUAL			
	BUDGET	THRU 03/31/2018	THRU 03/31/2018	VARIANCE		
REVENUES:						
Special Assessments	$395,471	$0	$0	$0		
Special Assessments-Prepayments	$0	$0	$2,637,500	$2,637,500		
Interest Income	$0	$0	$231	$231		
TOTAL REVENUES						
	$395,471	$0	$2,637,731	$2,637,731		
EXPENDITURES:						
Series 2012A-3						
Interest - 11/01	$129,250	$129,250	$129,250	$0		
Interest - 5/01	$129,250	$0	$0	$0		
Principal - 5/01	$135,000	$0	$0	$0		
Special Call - 03/20	$0	$0	$4,220,000	($4,220,000)		
TOTAL EXPENDITURES						
	$393,500	$129,250	$4,349,250	($4,220,000)		
OTHER SOURCES/(USES)						
Interfund Transfer	$0	$0	$0	$0		
Other Debt Service Costs	$0	$0	$0	$0		
Gain on Cancellation	$0	$0	$1,582,500	$1,582,500		
TOTAL OTHER SOURCES AND USES						
	$0	$0	$1,582,500	$1,582,500		
EXCESS REVENUES (EXPENDITURES)						
	$1,971		($129,019)			
FUND BALANCE - Beginning	$176,411		$176,452			
FUND BALANCE - Ending						
	$178,382		$47,433			

Page 7

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

SERIES 2016A-2

DEBT SERVICE FUND

Statement of Revenues, Expenditures, and Changes in Fund Balance

For The Period Ending March 31, 2018

	ADOPTED	PRORATED	ACTUAL			
	BUDGET	THRU 03/31/2018	THRU 03/31/2018	VARIANCE		
REVENUES:						
Special Assessments	$280,925	$279,936	$279,936	$0		
Special Assessments-Prepayments	$0	$0	$60,000	$60,000		
Interest Income	$0	$0	$1,595	$1,595		
TOTAL REVENUES						
	$280,925	$279,936	$341,531	$61,595		
EXPENDITURES:						
Series 2016A-2						
Interest - 11/01	$112,425	$112,425	$112,425	$0		
Interest - 2/01	$0	$0	$450	($450)		
Interest - 5/01	$112,425	$0	$0	$0		
Special Call - 11/01	$20,000	$20,000	$40,000	($20,000)		
Special Call - 2/01	$0	$0	$30,000	($30,000)		
TOTAL EXPENDITURES						
	$244,850	$132,425	$182,875	($50,450)		
EXCESS REVENUES (EXPENDITURES)						
	$36,075		$158,656			
FUND BALANCE - Beginning	$133,311		$434,752			
FUND BALANCE - Ending						
	$169,386		$593,408			

Page 8

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

Long Term Debt Report

FY 2018

Series 2012A-1, Special Assessment Bonds

	Interest Rate;	5.50%		
	Maturity Date:	5/1/2037		
	Reserve Fund Requirement:	Max Annual Debt Service		
	Bonds outstanding - 9/30/2017		$1,445,000.00	
	Less:	May 1, 2018 (Mandatory)	$0.00	
	Current Bonds Outstanding		$1,445,000.00	
			
	Series 2012A-3, Special Assessment Bonds		
	Interest Rate;	5.50%		
	Maturity Date:	5/1/2037		
	Reserve Fund Requirement:	N/A		
	Bonds outstanding - 9/30/2017		$4,700,000.00	
	Less:	March 20, 2018 (Principal Cancelled)	($4,220,000.00)	
	Current Bonds Outstanding		$480,000.00	
			
	Series 2016A-2, Special Assessment Bonds		
	Interest Rate;	4.25%		
	Maturity Date:	11/1/2021	$230,000.00	
	Interest Rate;	5.50%		
	Maturity Date:	11/1/2030	$725,000.00	
	Interest Rate;	6.00%		
	Maturity Date:	11/1/2047	$2,920,000.00	
	Reserve Fund Requirement:	Maximum Annual Debt Assessment		
	Less:	November 1, 2017 (Special Call)	($40,000.00)	
		February 1, 2018 (Special Call)	($30,000.00)	
	Current Bonds Outstanding		$3,805,000.00	
				
	Total Current Bonds Outstanding		$5,730,000.00	

Page 9

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

SERIES 2016A-2

CAPITAL PROJECTS FUND

Statement of Revenues, Expenditures, and Changes in Fund Balance

For The Period Ending March 31, 2018

	ADOPTED	PRORATED	ACTUAL			
	BUDGET	THRU 03/31/2018	THRU 03/31/2018	VARIANCE		
REVENUES:						
Interest Income	$0	$0	$47	$47		
TOTAL REVENUES						
	$0	$0	$47	$47		
EXPENDITURES:						
Capital Outlay	$0	$0	$870	($870)		
TOTAL EXPENDITURES						
	$0	$0	$870	($870)		
EXCESS REVENUES (EXPENDITURES)						
	$0		($823)			
FUND BALANCE - Beginning	$0		$11,101			
FUND BALANCE - Ending						
	$0		$10,279			

Page 10

Amelia Walk

Community Development District

Series 2016-2 Special Assessment Bonds

1. Recap of Capital Project Fund Activity Through March 31, 2018				
Opening Balance in Construction Account	$3,052,509.87		
Source of Funds:	Interest Earned	$687.14		
Use of Funds:					
Disbursements:	Clearing, Grading & Earthwork	($568,190.87)		
	Roadway	($727,841.07)		
	Stormwater	($303,222.68)		
	Water System	($262,281.11)		
	Sewer System	($378,929.54)		
	Landscaping, Entry Monuments & Signs	($310,733.53)		
	Engineering & Permitting	($72,695.00)		
	Electrical	($131,315.29)		
	Professional Fees (Contingencies)	($37,459.36)		
	Cost Of Issuance	($250,250.00)		
Adjusted Balance in Construction Account at March 31, 2018	$10,278.55		
2. Funds Available For Construction at March 31, 2018				
				
Book Balance of Construction Fund at March 31, 2018	$10,278.55			

A.	A.J. Johns, Inc. - Phase 2

Contract Amount	$2,244,928.40			
Paid to Date	($2,244,928.40)			
Balance on Contract	($0.00)		$0.00	

B.	First Coast Electric, LLC - FPL Conduit Installation

	Contract Amount	$102,205.00							
	Paid to Date		($102,205.00)							
	Balance on Contract		$0.00			$0.00				
Construction Funds available at March 31, 2018			$10,278.56				
3. Investments - US Bank								
								
March 31, 2018	Type	Yield	Due		Maturity	Principal		
Construction Fund:	Overnight	0.18%		$10,278.55		$10,278.55		
				Contracts/Retainage Payable		$0.00		
					Balance at 03/31/2018	$10,278.55		

Page 1

B.

Amelia Walk

Community Development District

Check Run Summary

April 17, 2018

Date	Check Numbers	Amount		
3/29/2018	2388-2406	$23,874.09		
4/6/2018	2407-2412	$15,459.39		
Total				
		$39,333.48		

AP300R		YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  4/09/18	PAGE	1		
*** CHECK NOS. 002388-050000	AMELIA WALK - GENERAL FUND						
		BANK A AMELIA WALK						
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....		
DATE	DATE   INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#		
3/29/18 00105   2/23/18 45385443 201802 320-57200-52000		*	48.50				
	SUPPLIES								
	2/26/18 43995383 201802 320-57200-52000		*	106.73				
	SUPPLIES								
	3/02/18 48533797 201803 320-57200-52000		*	157.66				
	SUPPLIES	SYNCB/AMAZON			312.89 002388		
							
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00158	3/20/18 03202018	201803 310-51300-40000	*	137.52	
	MILEAGE	REIMBURSEMENT			
		ROSE S BOCK		137.52 002389	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00156	4/01/18 8495 74  201804 320-57200-41050	*	300.76	
	85287 MAJESTIC WALK BLVD			
	COMCAST		300.76 002390	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00142   3/14/18 AAA03964 201803 320-57200-34503	*	868.00	
CARD, AWID 26 BIT			
COMMUNITY CONTROLS		868.00 002391	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00027   2/28/18 M17941	201802 320-57200-46400	*	780.00	
FEB 18 - POOL CHEMICALS			
	CRYSTAL CLEAN POOL SERVICE,INC		780.00 002392	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00175  12/28/17	1		201712 310-51300-31200	*	250.00	
		AMORT	SCHDLE	S2016	40K			
2/28/18	2		201802 310-51300-31200	*	250.00	
		AMORT	SCHDLE	S2016	30K			
					DISCLOSURE SERVICES LLC		500.00 002393	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00160	4/01/18 668729	201804 320-57200-34500	*	1,200.00	
	MONITORING & MAINT			
		ENVERA SYSTEMS		1,200.00 002394	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00003	3/13/18 6-123-90 201803 310-51300-42000	*	45.96	
	DELIVERIES THRU-03/13/18			
	FEDEX		45.96 002395	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00059   1/17/18 15648	201801 320-57200-34000	*	197.95	
PREVENTATIVE MAINTENANCE			
	FITNESS PRO		197.95 002396	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00021   3/20/18 MAR-18	201803 320-57200-43000	*	1,252.13	
MAR	18	- ELECTRIC			
3/20/18 MAR-18	201803 320-57200-43001	*	1,181.72	
MAR	18	- ELECTRIC			
		FPL		2,433.85 002397	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AWLK -AMELIA WALK - SROSINA

AP300R			YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN  4/09/18	PAGE	2	
*** CHECK NOS. 002388-050000	AMELIA WALK - GENERAL FUND					
			BANK A AMELIA WALK					
CHECK  VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....	
DATE	DATE	INVOICE	YRMO  DPT ACCT# SUB	SUBCLASS			AMOUNT	#	
3/29/18 00001	3/01/18	223	201803 310-51300-34000		*	4,050.00			
		MGMT FEES - MAR 18						
	3/01/18	223	201803 310-51300-35100		*	83.33			
		INFO TECH - MAR 18						
	3/01/18	223	201803 310-51300-31300		*	166.67			
		DISSEM AGNT SVCS - MAR 18						
	3/01/18	223	201803 310-51300-51000		*	12.50			
		SUPPLIES - MAR 18						
	3/01/18	223	201803 310-51300-42500		*	201.60			
		COPIES - MAR 18						
	3/01/18	223	201803 310-51300-41000		*	6.70			
		TELEPHONE - MAR 18						
			GOVERNMENTAL MANAGEMENT SERVICES			4,520.80 002398	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00008	1/31/18 98886	201801 310-51300-31500	*	2,745.37	
	JAN 18 - GENERAL COUNSEL			
		HOPPING GREEN & SAMS		2,745.37 002399	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00133	3/13/18 631	201803 320-57200-34000	*	35.00	
	JANITORIAL SVC - MAR 18			
		MARTEX SERVICES LANDSCAPE MANAGEMEN		35.00 002400	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00009  12/29/17 3357	201712 310-51300-31100	*	450.00	
SERVICE	THRU-12/29/17			
1/26/18 3358	201801 310-51300-31100	*	600.00	
SERVICE	THRU-01/26/18			
3/16/18 3352	201803 310-51300-31100	*	150.00	
CDD MEETING			
3/16/18 3355	201803 310-51300-31100	*	1,200.00	
SERVICE	THRU-03/16/18			
	MCCRANIE & ASSOCIATES, INC.		2,400.00 002401	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00070   3/19/18 414552	201803 310-51300-48000	*	247.60	
NOTICE OF AUDIT			
	NEWS LEADER		247.60 002402	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00176	3/07/18 089529	201803 320-57200-62000	*	1,045.00	
	POOL LEAK DETECTION			
		RED RHINO LEAK DETECTION		1,045.00 002403	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00028   4/01/18 0687-000 201804 320-57200-43300	*	215.89	
APR 18 - REFUSE SVC			
REPUBLIC SERVICES #687		215.89 002404	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/29/18 00019	2/23/18 4916446	201802 310-51300-31300	*	5,387.50	
	TRUSTEE	FEES			
		U.S. BANK		5,387.50 002405	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AWLK -AMELIA WALK - SROSINA

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER   RUN  4/09/18	PAGE   3
*** CHECK NOS. 002388-050000	AMELIA WALK - GENERAL FUND
BANK A AMELIA WALK

CHECK  VEND#  .....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
DATE	DATE   INVOICE   YRMO  DPT ACCT# SUB  SUBCLASS	AMOUNT	#

3/29/18 00169   3/20/18 381468   201803 320-57200-62000	*	500.00
MECHANICAL SWEEPING
USA SERVICES	500.00 002406
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/06/18 00027   2/12/18 M17668	201801 320-57200-46400	*	780.00	
JAN 18-POOL SERVICE			
	CRYSTAL CLEAN POOL SERVICE,INC		780.00 002407	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/06/18 00001	4/02/18 224	201804 310-51300-34000	*	4,050.00	
	APR 18-MGMT FEES			
	4/02/18 224	201804 310-51300-35100	*	83.33	
	APR 18-IT SERVICES			
	4/02/18 224	201804 310-51300-31200	*	166.67	
	APR 18-DISSEMINATION SVCS			
	4/02/18 224	201804 310-51300-51000	*	12.80	
	APR 18-OFFICE SUPPLIES			
	4/02/18 224	201804 310-51300-42000	*	10.58	
	APR 18-POSTAGE			
	4/02/18 224	201804 310-51300-42500	*	78.90	
	APR 18-COPIES			
	4/02/18 224	201804 310-51300-41000	*	24.65	
	APR 18-TELEPHONE			
		GOVERNMENTAL MANAGEMENT SERVICES		4,426.93 002408	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/06/18 00036	3/29/18 31240504	201803 320-57200-43100	*	4,715.06	
	MAR 18-IRRIGATION SVCS			
	3/29/18 31240504	201803 320-57200-43100	*	284.22	
	MAR 18-SEWER			
	3/29/18 31240504	201803 320-57200-43100	*	153.18	
	MAR 18-WATER			
		JEA		5,152.46 002409	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/06/18 00093   3/01/18 348649	201803 310-51300-60200	*	700.00	
MAR 18-WATER MGMT SVCS			
	THE LAKE DOCTORS INC		700.00 002410	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/06/18 00082	3/26/18 36655	201803 310-51300-35200	*	3,900.00	
	AUDIT FEES FYE 09/30/2017			
		MCDIRMIT DAVIS		3,900.00 002411	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/06/18 00169	1/24/18 379206	201801 320-57200-62000	*	500.00	
	MECHANICAL SWEEPING			
		USA SERVICES		500.00 002412	
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

TOTAL FOR BANK A	39,333.48	

AWLK -AMELIA WALK - SROSINA

C.

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

Special Assessment Receipts

Fiscal Year 2018

									$199,465.00	$130,247.24	$299,707.00	$629,419.24		
			ASSESSMENTS - TAX COLLECTOR						ON ROLL ASSESSMENTS				
									31.69%	20.69%	47.62%		100.00%		
DATE	DESCRIPTION	Collection Period	AMOUNT	DISCOUNTS/PENALTIES	COMMISSIONS	INTEREST	Net Amount		O&M Portion	DSF Portion	DSF Portion		Total		
11/2/2017	Distribution #1	6/1/17-10/31/17	$1,591.91	$63.68	$30.56	$0.00	$1,497.67		$474.62	$309.92	$713.14		$1,497.67		
11/15/2017	INVOICE	2017 Tax Roll	$0.00	$0.00	$2,200.00	$0.00	($2,200.00)		($697.19)	($455.25)	($1,047.56)		($2,200.00)		
11/20/2017	Distribution #2	11/01/17-11/15/17	$18,630.23	$745.21	$357.71	$0.00	$17,527.31		$5,554.46	$3,626.97	$8,345.88		$17,527.31		
12/6/2017	Distribution #3	11/16/17-11/30/17	$211,805.44	$8,472.22	$4,066.66	$0.00	$199,266.56		$63,148.22	$41,234.71	$94,883.63		$199,266.56		
12/21/2017	Distribution #4	12/01/17-12/15/17	$357,416.81	$10,722.50	$6,933.89	$0.00	$339,760.42		$107,671.18	$70,307.44	$161,781.80		$339,760.42		
1/9/2018	Distribution #5	12/16/17-12/31/17	$5,422.05	$162.66	$105.18	$0.00	$5,154.21		$1,633.39	$1,066.57	$2,454.25		$5,154.21		
2/6/2018	Distribution #6	01/01/18-01/31/18	$26,318.94	$526.38	$515.85	$0.00	$25,276.71		$8,010.27	$5,230.57	$12,035.87		$25,276.71		
3/6/2018	Distribution #7	02/01/18-02/28/18	$1,665.11	$16.65	$32.97	$0.00	$1,615.49		$511.95	$334.30	$769.24		$1,615.49		
															
	TOTAL		$622,850.49	$20,709.30	$14,242.82	$0.00	$587,898.37		$186,306.90	$121,655.23	$279,936.24		$587,898.37		
Assessed on Roll:															

	GROSS AMOUNT		ASSESSMENTS	ASSESSMENTS	AMOUNT										
	ASSESSED	PERCENTAGE	COLLECTED	TRANSFERRED	TO BE TFR.										
O & M	$199,465.00	31.69%	$186,306.90	($186,306.90)	$0.00									
										Balance Remaining to Collect		$6,568.75		
DEBT SERVICE-12	$130,247.24	20.69%	$121,655.23	($121,655.23)	$0.00						Gross Collected		99%		
DEBT SERVICE-16	$299,707.00	47.62%	$279,936.24	($279,936.24)	$0.00										
															
TOTAL	$629,419.24	100.00%	$587,898.37	($587,898.37)	$0.00										
													
TRANSFERS FROM DEBT SERVICE:													
DATE	CHECK #	AMOUNT								94	94	$	69,774.27		
11/2/2017	TXFER	$474.61								100	100	$	74,227.95		
11/15/2017	INV	($697.19)													
11/22/2017	TXFER	$5,554.46													
12/6/2017	TXFER	$63,148.22								100	100	$	74,227.95		
1/2/2018	TXFER	$107,671.18								94	94				
1/11/2018	TXFER	$1,633.40													
2/6/2018	TXFER	$8,010.27													
3/12/2018	TXFER	$511.95													
	TOTAL														
		$186,306.90													
Amount due:															
		$0.00													

AMELIA WALK

COMMUNITY DEVELOPMENT DISTRICT

Special Assessment Receipts

Fiscal Year 2018

		AW VENTURE II LLC - TOTAL ASSESSMENT OFF ROLL - PHASE 3-5 UNPLATTED				
						$395,471.45	$694,736.13		
						$299,264.68				
						43.08%	56.92%			
DUE DATE	INV#	BILLED AMOUNT	AMOUNT RECEIVED	NET RECEIPTS		O&M Portion	DSF Portion	Total		
10/1/2017	AWV3-100117	$74,816.17	$74,816.17	$74,816.17		$74,816.17	$0.00	$74,816.17		
1/1/2018	AWV3-010118	$74,816.17	$74,816.17	$74,816.17		$74,816.17	$0.00	$74,816.17		
3/1/2018	AWV3-030118	$74,816.17	$74,816.17	$74,816.17		$74,816.17	$0.00	$74,816.17		
4/1/2018	AWV3-040118	$276,830.02		$0.00		$0.00	$0.00	$0.00		
5/1/2018	AWV3-050118	$74,816.17		$0.00		$0.00	$0.00	$0.00		
9/30/2018	AWV3-093018	$118,641.43		$0.00		$0.00	$0.00	$0.00		
										
	TOTAL	$694,736.13	$224,448.51	$224,448.51		$224,448.51	$0.00	$224,448.51		
Assessed off Roll:										
										
						O&M % Collected		75.00%		
	NET AMOUNT	ASSESSMENTS	AMOUNT	AMOUNT						
	ASSESSED	COLLECTED	TRANSFERRED	TO BE TFR.		DS % Collected		0.00%		
O & M	$299,264.68	$224,448.51	($224,448.51)	$0.00						
DEBT SERVICE	$395,471.45	$0.00	$0.00	$0.00						
TOTAL	$694,736.13	$224,448.51	($224,448.51)	$0.00						
								
TRANSFERS TO DEBT SERVICE:								
DATE	CHECK #	AMOUNT								
	TOTAL									
		$0.00								
Amount due:										
		$0.00								
ASSESSMENTS COMBINED									
										
	NET AMOUNT	TAX COLLECTOR	DIRECT			NET PERCENTAGE				
	ASSESSED	RECEIVED	RECEIVED	TOTAL COLLECTED		COLLECTED				
O & M	$484,767.13	$0.00	$224,448.51	$224,448.51	46.30%				
DEBT SERVICE	$795,328.89	$0.00	$0.00	$0.00	0.00%				
TOTAL	$1,280,096.02	$0.00	$224,448.51	$224,448.51