RESOLUTION 2019-04

WHEREAS, the Board of Supervisors, hereinafter referred to as the "Board", of the Rivers Edge Community Development District, hereinafter  referred  to  as "Di trict", adopted a General Fund Budget for Fiscal Year 2019, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RIVERS EDGE COMMUNITY DEVELOPMENT DISTRICT TO THE FOLLOWING:

The General Fund Budget is hereby amended in accordance with Exhibit "A" attached.

This resolution shall become effective this 20th day of February, 2019 and be reflected in the monthly and Fiscal Year End 9/30/19 Financial Statements and Audit Report of the District.

Rivers Edge
Community Development District

Attest:

by:	Ch

_ Q

airman

- ------ -

RIVERS EDGE CDD RESOLUTION 2019-04

EXHIBIT A

 	ecrease	Bud  t	

Revenues	$1,694,627	$1,198	$1,695,825	
Assessments	$405,474	($1,198)	$404,276	
Developer Cost Share• Mattamy (Roads/Stormwater Expenses)	$0	$0	$0	
Developer Funding - Mattamy (River Club Amenity)	$0	$0	$0	
Developer Funding - Mattamy (Special Events/Hurricane/Assets)	$0	$0	$0	
Developer Funding-Mattamy (Repairs and Replacements/Increased Services)	$4,000	$0	$4,000	
Misc Income/Interest	$5,000	$0	$5,000	
Rental Revenue	$2,000	$0	$2,000	
Community Garden	$0	$0	$0	
River Club Cafe - net sales				
Total Revenues	SZ,111,101	$0	$2,111,101	
Expenditures				
Administrative Supervisor Fees	
$9,600	
$0	
$9,600	
FICA Expense	$735	$0	$735	
Engineering (Prosser)	$20,000	$0	$20,000	
Assessment Roll	$4,500	$0	$4,500	
Attorney	$30,000	$0	$30,000	
Annual Audit	$5,200	$0	$5,200	
Trustee Fees	$9,200	$0	$9,200	
Dissemination	$5,500	$0	$5,500	
Arbitrage	$1,200	$0	$1,200	
Management Fees	$45,000	$0	$45,000	
Information Technology	$2,500	$0	$2,500	
Telephone	$100	$0	$100	
Postage	$1,000	$0	$1,000	
Printing & Binding	$2,500	$0	$2,500	
Insurance	$8,100	$0	$8,100	
Legal Advertising	$3,000	$0	$3,000	
Other Current Charges	$1,000	$0	$1,000	
Office Supplies	$200	$0	$200	
Dues, Licenses & Subscriptions	$175	$0	$175	
Total Administrative	$149,510	$0	$149,510	
Grounds Maintenance
Field Operations Management (Vesta)	
$30,750	
$0	
$30,750	
Landscape Maintenance (Brightview Landscape Services)	$860,775	$0	$860,775	
Mulch	$0	$0	$0	
Landscape Reserves	$20,000	$0	$20,000	
Irrigation Repairs and Maintenance	$8,500	$0	$8,500	
Lakes, Vegetation and Algae Control	$56,340	$0	$56,340	
Irrigation Water Use	$240,000	$0	$240,000	
Electric	$28,000	$0	$28,000	
Street Lighting & Signage Repairs and Replacements	$7,500	$0	$7,500	
Street and Drainage Maintenance	$5,000	$0	$5,000	
Other Repairs and Maintenance	$7,500	$0	$7,500	
Total Grounds Maintenance	 	$1,264,365	$0	$1,264-1365

 	ecrease	Bud et	

Amenity Center - River House		
General Manager / Lifestyle Director (Vesta)	$62,250	$0	$62,250	
Lifeguards/Pool Attendants (Vesta)	$32,712	$0	$32,712	
Hospitality Staff (Vesta)	$55,890	$0	$55,890	
Security Monitoring	$2,208	$0	$2,208	
Security Guards	$60,000	$0	$60,000	
Telephone	$8,600	$0	$8,600	
Insurance	$34,500	$0	$34,500	
General Facility Maint/Common Grounds Maint	$59,833	$0	$59,833	
Pool Maintenance	$27,337	$0	$27,337	
Pool Chemicals	$11,136	$0	$11,136	
Janitorial Services/Supplies	$22,788	$0	$22,788	
Window Cleaning	$2,767	$0	$2,767	
Propane Gas	$650	$0	$650	
Electric	$25,000	$0	$25,000	
Sewer/Water/Irrigation	$36,755	$0	$36,755	
Repair and Replacements	$32,000	$0	$32,000	
Refuse	$7,900	$0	$7,900	
Pest Control	$5,840	$0	$5,840	
Facility Preventative Maintenance	$2,680	$0	$2,680	
Access Cards	$2,000	$0	$2,000	
License/Permits	$1,800	$0	$1,800	
Other Current	$1,500	$0	$1,500	
Special Events	$54,330	$0	$54,330	
Landscape Replacements	$750	$0	$750	
Office Supplies/Postage	$1,500	$0	$1,500	
Capital Expenditure	$7,500	$0	$7,500	
General Reserve	$135,000	$0	$135,000	
Community Garden	$2,000	$0	$2,000	
Total Amenity Center Expenses	$697,226	$0	$697,226	
Total Expenses	$2,111,101	$0	$2,111,101	
Excess Revenues (Expenditures)	 	$0	$0 	$0 

Rivers Edge Community Development District FY 2019 Operations and Maintenance Methodology
Equivalent Residential Unit Allocation Assessments per Unit- Net and Gross
FY 2019	FY2019	FY201B	Increase
Current	Future	FY2D19	Per Unit	Per Unit	Per Unit	Per Unit
 		ERU	Platted	Planned	Total	Total	 	Budget	Net	Gross	Gross	Gross	
Land Use / Product 7Ype	per Unit	Units	Units	Units	ERU's	Allocation	Assessment	Assessment	Assessment	Assessment	
Townhomes	0.85	0	18	18	15.3	1.10%	$18,575.80	$1,031.99	$1,097.86	$989.28	$108.58	
Single Familiy - 30' Lot	0.62	21	0	21	13.02	0.93%	$15,807.64	$752.74	$800.79	$721.60	$79.19	
Single Familly - 40' Lot	0.74	57	173	230	170.2	12.19%	$206,640.62	$898.44	$955.78	$861.26	$94.52	
Slngle Familly • 45' Lot	0.74	0	302	302	223.48	16.00%	$271,328.11	$898.44	$955.78	$861.26	$94.52	
Single Fammy • 50' Lot	0.87	205	14	219	190.53	13.64%	$231,323.37	$1,056.27	$1,123.69	$1,012.56	$111.13	
Single Familiy • 55' Lot	O.B7	0	264	264	229.68	16.44%	$278,855.56	$1,056.27	$1,123.69	$1,012.56	$111.13	
Single Familiy • 60' Lot	1	81	115	196	196	14.03%	$237,964.52	$1,214.10	$1,291.60	$1,163.86	$127.74	
Single Familiy - 70' Lot	1.2	102	117	219	262.8	18.81%	$319,06&.71	$1,456.93	$1,549.92	$1,395.64	$153,28	
Single Familiy - 80' Lot	1.33	10	62	72	95.76	6.86%	$116,262.66	$1,614.76	$1,717.83	$1,547.94	$169.89	
Single Familiy. 90' Lot	1.47	0	0	0	0	0.00%	$0.00	$0.00	$0.00	$0.00	$0.00	
 	
Total	 	476	1065	1,541	1,396.77	100.00% 	$1,695,825 

FY2018 Budget

Administrative	$149,510
Field and Grounds	$1,264,365
Amenity Center	$697,226 Less: Dev Cost Share -$404,276 Less: Other Income	1.11,000

 	$1,695,825