Rivers Edge
Community Development District

Adopted Budget Fiscal Year 2020

Rivers Edge
Community Development District

TABLE OF CONTENTS

General Fund

Summary of  Revenues and Expenses	Page 1-2

Narrative	Page 3-11

Debt Service Fund

Bond Series 2016	Page 12-14

Bond Series 2018	Page 15-17

Bond Series 2018A-1/2018A-2	Page 18-20

Allocation of Fixed and Variable Costs	Page 21

	Amended
Budget	Actual
Thru	Projected
3	Projected
Thru	Adopted
Budget	
Description	FY19	6/30/19	Months	9/30/19	FY 20	

Revenues						
Assessments	$	1,695,825	$	1,699,263	$	-	$	1,699,263	$	1,773,103	
Misc Income/Interest	$	4,000	$	16,328	$	4,500	$	20,828	$	10,000	
Rental Revenue	$	5,000	$	12,721	$	5,000	$	17,721	$	13,000	
Special Events	$	-	$	-	$	-	$	-	$	7,000	
Cost Share Rivers Edge II	$	404,276	$	404,276	$	-	$	404,276	$	-	
Cost Share Landscaping Rivers Edge II	$	-	$	-	$	-	$	-	$	471,820	
Cost Share Landscaping Rivers Edge III	$	-	$	-	$	-	$	-	$	265,828	
Cost Share Amenity Rivers Edge II	$	-	$	-	$	-	$	-	$	13,847	
Cost Share Amenity Rivers Edge III	$	-	$	-	$	-	$	-	$	250,087	
Community Garden	$	2,000	$	400	$	400	$	800	$	1,000	
Total Revenues	$ 2,111,101	$ 2,132,988	$	9,900	$ 2,142,888	$ 2,805,685	
Expenditures						
Administrative						
Supervisor Fees	$	9,600	$	5,000	$	2,400	$	7,400	$	9,600	
FICA Expense	$	735	$	444	$	183	$	627	$	735	
Engineering (Prosser)	$	20,000	$	6,599	$	4,000	$	10,599	$	15,000	
Assessment Roll	$	4,500	$	-	$	4,500	$	4,500	$	4,500	
Attorney	$	30,000	$	33,225	$	10,000	$	43,225	$	30,000	
Annual Audit	$	5,200	$	-	$	4,400	$	4,400	$	5,000	
Trustee Fees	$	9,200	$	6,155	$	-	$	6,155	$	9,200	
Dissemination	$	5,500	$	4,875	$	1,374	$	6,249	$	5,500	
Arbitrage	$	1,200	$	-	$	-	$	-	$	600	
Management Fees	$	45,000	$	33,750	$	11,250	$	45,000	$	45,000	
Information Technology	$	2,500	$	3,625	$	624	$	4,249	$	3,500	
Telephone	$	100	$	178	$	75	$	253	$	250	
Postage	$	1,000	$	1,315	$	450	$	1,765	$	1,500	
Printing & Binding	$	2,500	$	2,456	$	390	$	2,846	$	3,500	
Insurance	$	8,100	$	8,038	$	-	$	8,038	$	8,860	
Legal Advertising	$	3,000	$	247	$	243	$	490	$	2,000	
Other Current Charges	$	1,000	$	461	$	100	$	561	$	1,000	
Office Supplies	$	200	$	165	$	75	$	240	$	200	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	149,510	$	106,708	$	40,064	$	146,772	$	146,120	

Grounds Maintenance						
Field Operations Management	$	30,750	$	22,421	$	7,755	$	30,176	$	31,673	
Landscape Maintenance	$	860,775	$	679,715	$	240,000	$	919,715	$	1,246,551	
Landscape Reserves	$	20,000	$	7,095	$	1,850	$	8,945	$	30,000	
Irrigation Repairs and Maintenance	$	8,500	$	8,262	$	1,500	$	9,762	$	10,000	
Lakes, Vegetation and Algae Control	$	56,340	$	43,119	$	12,684	$	55,803	$	56,340	
Irrigation Water Use	$	240,000	$	164,898	$	60,000	$	224,898	$	309,700	
Electric	$	28,000	$	30,895	$	10,500	$	41,395	$	45,000	
Street Lighting & Signage Repairs and Replacements	$	7,500	$	30,846	$	5,000	$	35,846	$	15,000	
Street and Drainage Maintenance	$	5,000	$	-	$	15,000	$	15,000	$	5,000	
Other Repairs and Maintenance	$	7,500	$	21,324	$	5,000	$	26,324	$	25,000	
General Reserves	$	-	$	-	$	-	$	-	$	100,000	
Total Grounds Maintenance	$ 1,264,365	$ 1,008,576	$	359,289	$ 1,367,865	$ 1,874,264	

	Amended
Budget	Actual
Thru	Projected
3	Projected
Thru	Adopted
Budget	
Description	FY19	6/30/19	Months	9/30/19	FY 20	

Amenity Center - River House						
General Manager / Lifestyle Director (Vesta)	$	62,250	$	45,554	$	15,960	$	61,514	$	65,148	
Lifeguards (Vesta)	$	32,712	$	33,753	$	13,500	$	47,253	$	32,712	
Hospitality Staff (Vesta)	$	55,890	$	31,108	$	10,758	$	41,866	$	64,608	
Security Monitoring	$	2,208	$	2,853	$	750	$	3,603	$	3,500	
Security Guards	$	60,000	$	49,845	$	15,000	$	64,845	$	45,000	
Telephone	$	8,600	$	6,835	$	2,250	$	9,085	$	7,500	
Insurance	$	34,500	$	33,466	$	-	$	33,466	$	34,719	
General Facility Maint/Common Grounds Maint (Vesta)	$	59,833	$	31,172	$	11,436	$	42,608	$	42,000	
Pool Maintenance (Vesta)	$	27,337	$	24,822	$	9,630	$	34,452	$	18,225	
Pool Maintenance (Poolsure)	$	-	$	-	$	-	$	-	$	13,775	
Pool Chemicals	$	11,136	$	387	$	500	$	887	$	7,000	
Janitorial Services/Supplies	$	22,788	$	12,824	$	4,449	$	17,273	$	16,133	
Window Cleaning	$	2,767	$	778	$	500	$	1,278	$	2,767	
Pressure Washing	$	-	$	-	$	-	$	-	$	10,000	
Natural Gas	$	650	$	1,648	$	150	$	1,798	$	650	
Electric	$	25,000	$	18,967	$	6,500	$	25,467	$	25,000	
Sewer/Water/Irrigation	$	36,755	$	32,463	$	9,000	$	41,463	$	45,000	
Repair and Replacements	$	32,000	$	62,168	$	15,000	$	77,168	$	54,136	
Refuse	$	7,900	$	7,090	$	2,700	$	9,790	$	9,500	
Pest Control	$	5,840	$	3,475	$	525	$	4,000	$	5,700	
Facility Preventative Maintenance	$	2,680	$	-	$	750	$	750	$	2,680	
Access Cards	$	2,000	$	3,938	$	500	$	4,438	$	2,000	
License/Permits	$	1,800	$	1,335	$	250	$	1,585	$	1,800	
Other Current	$	1,500	$	1,958	$	750	$	2,708	$	2,500	
Special Events	$	54,330	$	17,422	$	5,000	$	22,422	$	50,000	
Holiday Decorations	$	-	$	-	$	-	$	-	$	11,000	
Landscape Replacements	$	750	$	-	$	500	$	500	$	750	
Office Supplies/Postage	$	1,500	$	1,978	$	500	$	2,478	$	2,000	
Capital Expenditure	$	7,500	$	4,285	$	-	$	4,285	$	7,500	
General Reserve	$	135,000	$	-	$	70,270	$	70,270	$	200,000	
Community Garden	$	2,000	$	-	$	1,000	$	1,000	$	2,000	
Total Amenity Center Expenses	$	697,226	$	430,122	$	198,128	$	628,251	$	785,302	
						
Total Expenses	$ 2,111,101	$ 1,545,407	$	597,481	$ 2,142,888	$ 2,805,685	
						
Excess Revenues (Expenditures)	$	-	$	587,581	$ (587,581)	$	-	$	-	

REVENUES:

Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund a portion of the General Operating Expenditures for the fiscal year. These are collected on the St. Johns County Tax Roll for platted lands. Unplatted lands are direct billed to the landowner.

Misc Income/Interest
Miscellaneous Income from proceeds from access cards from residents and guest of the community and any other income is deposited to the district. The District will have funds invested in a money market fund with U.S. Bank that earns interest based upon the estimated balance invested throughout the year. Also included are insurance reimbursement costs.

Rental Revenue
Income received from residents/non-residents for rental of cabana, pool and River House area.

Special Events
Income received from residents/non residents of rental of the facilities for events.

Cost Share Landscaping Rivers Edge II
Mattamy Rivertown LLC and Rivers Edge CDD II agreement to cost share a portion of the maintenance costs for landscaping. Cost share is based on future development and estimated costs.

Cost Share Landscaping Rivers Edge III
Mattamy Rivertown LLC and Rivers Edge CDD III agreement to cost share a portion of the maintenance costs for landscaping. Cost share is based on future development and estimated costs.

Cost Share Amenity Rivers Edge II
Mattamy Rivertown LLC and Rivers Edge CDD II agreement to cost share a portion of the maintenance costs for amenities. Cost share is based on future development and estimated costs.

Cost Share Amenity Rivers Edge III
Mattamy Rivertown LLC and Rivers Edge CDD III agreement to cost share a portion of the maintenance costs for amenities. Cost share is based on future development and estimated costs.

Community Garden
Income received from community garden fees.
EXPENDITURES:

Administrative:
Supervisor Fees & FICA Expense
Supervisors by Florida statutes are eligible for compensation if elected at $200/meeting. The costs are reflective of anticipated compensation plus FICA matching.

Engineering Fees
The District’s engineer, Prosser will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Assessment Roll
The District has contracted with Governmental Management Services, LLC for the certification and collection of the District’s annual maintenance and debt service assessments. Assessments on platted lots are collected by agreement with St Johns County while unplatted assessments maybe collected directly by District and/or by County Tax Collector.

Attorney
The District’s legal counsel, Hopping, Green & Sams will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.
Annual Audit
The District is required annually to conduct an audit of its financial records by Grau and Associates, an Independent Certified Public Accounting Firm.

Trustee Fees
The Trustee at U.S. BANK administers the District’s Series 2008A and Series 2016 Capital Improvement Revenue Bonds. The amount represents the annual fee for the administration of the District’s bond issue.
Dissemination
The District has contracted with GMS, LLC to act as the Dissemination Agent for the District to prepare the Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un- rated bond issues.
Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2008A and Series 2016 Capital Improvement Revenue Bonds. The District has contracted with Grau and Associates to calculate the rebate liability and submit a report to the District.
Management Fees
The District receives management, accounting and administrative services as part of a management agreement with Governmental Management Services, LLC (“GMS”). These services are further outlined in Exhibit “A” of the Management Agreement with GMS.
Information Technology
The cost related to District’s accounting and information systems, District website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements such as ADA accessibility.
Telephone
Telephone conference costs for District meetings, workshops and committee meetings.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Insurance
The District’s General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc. in a newspaper of general circulation.

Other Current Charges
Estimated bank charges and any other miscellaneous expenses that incurred during the year.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Grounds Maintenance:

Field Operations Management
The District has contracted with Vesta to provide onsite services for field contract administration, field inspections, and oversight of the following maintenance items: Landscape, Lakes, Roadways and Utilities.

Vendor	Description	Monthly	Annual

Vesta	Field Operations Management	$

2,639 $

31,673

Total	$	31,673

Landscape Maintenance
The District contracted with Verdego to maintain the common areas of the District and Amenity Center.

Vendor	Description	Monthly	Annual

Verdego	CDD Landscape Maintenance $

103,879

$ 1,246,551

Total	$ 1,246,551

Landscape Reserves
For additional landscape services and possible storm cleanup.

Irrigation Maintenance and Repairs
Estimated miscellaneous irrigation maintenance and repair costs.

Lakes, Vegetation and Algae Control
Maintenance costs to maintain lakes and control vegetation and algae. The District currently uses Charles Aquatics, Inc. and Aerostar SES for storm water inspection services.

Vendor	Description	Monthly	Annual	

Charles Aquatics	
Lake Maintenance	
$	2,080	
$ 24,960	
AerostarSES	Stormwter Inspections	$	2,250	$ 27,000	
	Contingency		$	4,380	
Total			$ 56,340	

Irrigation/Reclaimed Water
Estimated costs for irrigation by the district for reuse water billed by JEA .

Location	Meter Number	Monthly	Annual	
147 Whistling Straits Dr	84332628	$312	$3,743	
149 Lanier St	80914013	$2,927	$35,124	
15 Baya St	71174367	$38	$450	
1668 Orange Branch	80529647	$144	$1,731	
17 Baya St	73270055	$19	$227	
1846 Orange Branch Trl	68953528	$121	$1,448	
234 Perdido St	75392334	$20	$234	
252 Rawlings Dr	68090707	$1,798	$21,574	
258 Rivertown Main St	83003077	$920	$11,046	
29 Rivertown Bv	68090742	$1,621	$19,457	
316 Rambling Water Run	67153677	$38	$450	
33 Calumet Dr	80575469	$126	$1,508	
341 Calumet Dr	83003074	$301	$3,617	
345 Orange Branch	80914037	$34	$414	
345 Orange Branch TL	84682773	$450	$5,400	
366 Sternwheel Dr	68090744	$583	$7,000	
373 Waterfront Dr	68090725	$565	$6,777	
386 Perdido St	74759223	$64	$767	
407 Yearling BV	78727795	$46	$549	
547 Rivertown Main Street	82400253	$26	$316	
674 Sternwheel Dr	72407045	$64	$774	
7306 Longleaf Pine	81286590	$34	$406	
7601 Longleaf Pine	70204198	$67	$808	
7904 Longleaf Pine	71731573	$38	$450	
8102 Longleaf Pine	70204176	$38	$450	
847 Orange Branch TL	80914007	$1,537	$18,445	
87 Kendall Crossing Dr	68090740	$323	$3,882	
907 Keystone Corners BV	80913980	$396	$4,757	
598 Kendall Crossings Dr	83113752	$986	$11,837	
41 Indian Grass Rd	83547108	$356	$4,272	
261 Indian Grass	85083644	$554	$6,648	
481 Indian Grass	85083641	$523	$6,276	
128 Maybeck Dr	84966345	$645	$7,740	
129 Maybeck Dr	84918378	$8	$96	
498 Narrowleaf Dr Apt IR01	84966365	$905	$10,860	
121 Cabot Place Apt IR01	85639239	$108	$1,296	
16 Cloverbrook	82157881	$40	$480	
Contingency for new accounts		$9,033	$108,390	
Total		$25,808	$309,700	

Electric (Street Lights and Pumps)
Estimated costs for electric billed to the district by FPL.

Location		Meter Number	Monthly	Annual	
147 Chipola Trce #Lights		8461452438	$	20	$	245	
156 Landing St # Lights		5292756029	$	96	$	1,150	
1758 Orange Branch Trl		3022429090	$	37	$	440	
251 Waterfront Dr #Lights		7663646300	$	21	$	256	
373 Waterfront Dr # Lights		849527304	$	26	$	315	
380 Sternwheel Dr		2961434400	$	57	$	683	
47 Narrowleaf Dr # Mail Kiosk		3733493484	$	13	$	157	
71 Landing St #Park		7975970117	$	16	$	195	
8 Mascotte Place		7123229028	$	28	$	342	
87 Kendall Crossing Dr #Kiosk		5465700168	$	39	$	462	
98 Perdido St #Lights		9390325356	$	23	$	280	
66 Foot Bridge Dr #Lights		1840736282	$	54	$	649	
595 Rivertown Main St #Lights		4535462172	$	39	$	474	
783 Rivertown Main St. # Lights		6547572179	$	79	$	952	
131 Rivertown Main St #Lights		7248902178	$	107	$	1,285	
427 Rivertown Main St. #Lights		7862742173	$	67	$	806	
109 Rivertown Main St. #Fountains		9328401261	$	1,211	$ 14,535	
43 Secret River PL #Lights		961173390	$	23	$	280	
153 Rawlings Dr #Lights		2027153390	$	51	$	607	
53 Lanier St #Lights		3257411201	$	5	$	62	
111 Orange Branch Trail		9614703305	$	1,036	$ 12,431	
25 Rafter Tail Ln #Entr		6649873020	$	59	$	711	
49 Indian Grass Dr #IRR		3719284246	$	11	$	133	
95 Lindenwood RL #IRR		6042922226	$	45	$	539	
53 Lanier St Lights		2138829185	$	63	$	752	
158 Chandler Dr		1948796477	$	14	$	172	
20 Cloverbrook Rd		1983445246	$	15	$	185	
656 Narrowlead Dr		9067238536	$	18	$	210	
484 Indian Grass Fr		9116255242	$	26	$	313	
98 Perdido St Lights		9390235356	$	26	$	309	
7306 Longleaf Pine Pkwy #Sign		5262085169	$	19	$	224	
Contingency for new accounts			$	404	$	4,846	
Total			$ 3,750	$ 45,000	

Street Lighting & Signage Repairs and Replacement
The estimated costs for street lighting and signage repairs and replacements.

Street and Drainage Maintenance
The estimated costs for street and drainage repairs.

Other Repairs and Maintenance
Estimated costs for other repairs and maintenance incurred by the district.

Amenity Center Expenses- River House

General Manager
The District has contracted with Vesta Property Services, Inc. to provide general amenity management, facility administration, and special event coordinator services.

Vendor	Description	Monthly	Annual

Vesta	General & Lifestyle Manager	$	5,429	$	65,148	
Total			$	65,148	

Lifeguards/Pool Attendants
The District has contracted with Vesta Property Services, Inc. to provide pool lifeguards/or pool attendants during the operating season for the pool.

Vendor	Description	Monthly	Annual

Vesta	Lifeguards/Pool Attendants

$	2,726 $

32,712

Total	$	32,712

Hospitality Lead / Hourly
The District has contracted with Vesta Property Services, Inc. to provide hospitality staffing for the district amenities.

Vendor	Description	Monthly	Annual

Vesta	Hospitality Staff

$	5,384 $

64,608

Total	$	64,608

Security Monitoring
Maintenance costs of the security alarms/cameras provided by Sonitrol and quarterly monitoring by .

Vendor	Description	Monthly	Annual	

Sonitrol	
Security Monitoring	
$	184	
$	2,208	
Dynamic Secuirty	Quarterly Monitoring	$	35	$	420	
	Contingency		$	872	
Total			$ 3,500	

Security Guards
The district is contracted with Giddens Security to provide security patrols and mileage reimbursement for District Property at $15.34/hour and .56/mile.

Vendor	Description	Monthly	Annual

Giddens Security	Security Patrols

$	5,000

$ 60,000

Total	$ 60,000

Telephone
The estimated cost for telephone services for the Amenity Center provided by AT&T.

Account	Description	Monthly	Annual	

AT&T	
Fire Pannel	
$	85	
$	1,020	
AT&T	Internet	$	69	$	826	
AT&T	TV Service/Phone/Internet	$	325	$	3,900	
	Contingency		$	1,754	
Total			$	7,500	

Insurance
The District's Property Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity and other District facilities.

General Facility Maintenance/Common Ground Maintenance
The District is under contract with Vesta Property Services, Inc.to provide maintenance and repairs necessary for upkeep of the Amenity Center and common ground areas.

Vendor	Description	Monthly	Annual

Vesta

General Facility& Common Grounds Maintenance

$	3,500 $

42,000

Total	$	42,000

Pool Maintenance
The District is under contract with Vesta Property Services, Inc. for the maintenance of the Amenity Center Swimming Pools.

Vendor	Description	Monthly	Annual

Vesta	Pool Maintenance

$	1,519 $

18,225

Total	$	18,225

Pool Maintenance
The District is under contract with Poolsure for the maintenance of the Amenity Center Swimming Pools.

Vendor	Description	Monthly	Annual

Poolsure	Pool Maintenance

$	1,148 $

13,775

Total	$	13,775

Pool Chemicals
The District is under contract with Vesta Property Services, Inc. to provide pool chemicals for the maintenance of the Amenity Center Swimming Pools.

Janitorial Services
The District is under contract with Vesta Property Services, Inc. to provide janitorial cleaning for the Amenity Center.

Vendor	Description	Monthly	Annual

Vesta	Janatorial Services

$	1,344 $

16,133

Total	$	16,133

Window Cleaning
The District will have windows cleaned inside and outside three times a year.

Vendor	Description	Monthly	Annual

Commercial Window Cleaning Security Patrols $

231

$ 2,767

Total	$ 2,767

Pressure Washing
Estimated costs to have the District Amenity Center pressure washed.

Propane Gas
The District is under contract with TECO Peoples Gas to provide gas for fire place and gas grills.

Location	Monthly	Annual	
156 Landing St	$	30	$	360	
Contingency		$	290	
Total		$	650	

Electric
Estimated costs for electric billed to the district by FPL.

Location	Meter Number	Monthly	Annual	
156 Landing St Club House	73172207	$	444	$	5,331	
136 Landing St (Tennis)	8675434248	$	995	$	11,935	
140 Landing St Fitness	2299084240	$	631	$	7,568	
Contingency for new accounts		$	14	$	166	
Total		$ 2,083	$ 25,000	

Sewer/Water/Irrigation
Estimated costs for sewer, water, and irrigation for the amenity center billed to the district by JEA.

Location	Meter Number	Monthly	Annual	
156 Landing St -Sewer	84310710	$526	$6,307	
156 Landing St-Fire Sprinkler		$42	$504	
156 Landing St -Water	70924484	$650	$7,800	
156 Landing St -Water	84310710	$365	$4,379	
156 Landing St -Irrigation	68090752	$800	$9,600	
90 Lanier St.-Water	80913987	$364	$4,362	
91 Lanier St.-Sewer	80913987	$190	$2,277	
Contingency for new accounts		$814	$9,771	
Total		$3,750	$45,000	

Repair and Replacements
Represents regular cleaning, supplies, and repairs and replacements for District’s Amenity Center.

Refuse Service
Garbage disposal services for the Amenity Centers provided Republic Services.

Pest Control
The District is contracted with Turner’s Pest Control to provide for pest control services.

Vendor	Description	Monthly	Annual

Turners Pest Control Pest Control

$	475	$

5,700

Total	$	5,700

Facility Preventative Maintenance
Cost of routine inspections of fire extinguishers, back flow preventers, sprinkler system, hydrant, and alarm system provided by Cintas and preventative maintenance on fitness equipment by Commercial Fitness.

Access Cards
Represents the estimated cost for access cards to the District’s Amenity Center.

License/Permits
Represents license fees for amenity center and permit fees paid to the Florida Department of Health in St. Johns County for the swimming pool.

Other Current
Represents the miscellaneous cost incurred by the District’s Amenity Center.

Special Events
Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Landscape Replacements
A provision for additional landscape features or for repair of existing landscaping.

Office Supplies/Postage
Costs of supplies and postage incurred for the operation of the Amenity Center.

Capital Expenditures
Represents new capital related purchases for the operation of the Amenity Center.

Community Garden
Represents costs associated with the operations of the community garden. These costs are estimated for electric, water and other miscellaneous costs.

General Reserve
Establishment of general reserve to fund future replacements of Capital items.

Rivers Edge
Community Development District	Debt Service Fund Series 2016

	Amended
Budget	Actual
Thru	Projected
Thru	Adopted
Budget	
Description	FY19	6/30/19	9/30/19	FY 20	

Revenues					
Assessments - Tax Roll/Direct (1)	$711,978	$713,231	$713,231	$711,978	
Interest Income	$1,000	$9,147	$10,000	$3,500	
Carry Forward Surplus	$275,152	$280,161	$280,161	$281,112	

Total Revenues	 	$988,130	$1,002,539	$1,003,392	$996,590 

Expenditures		
Series 2016		
Interest 11/1	$268,640	$268,640	$268,640	$264,513	
Special Call	$0	$10,000	$10,000	$0	
Interest 5/1	$268,640	$268,640	$268,640	$264,513	
Principal 5/1	$175,000	$175,000	$175,000	$185,000	

Total Expenses	 	$712,280	$722,280	$722,280	$714,025 

EXCESS REVENUES / (EXPENDITURES)	 	$275,850	$280,259	$281,112	$282,565 

Interest Payment 11/01  $	260,270

(1) Net of Reserve Funds reflective of St. Johns County collection costs of 2% and early payment discount of 4%.

Development	
Units	Gross
Per Unit	Gross
Assessments	
Townhouse	59	$1,141	$67,325	
45' lot	305	$991	$302,298	
55' lot	204	$1,182	$241,218	
70' lot	12	$1,665	$19,985	
80' lot	68	$1,864	 	$126,769 	
Gross Total			$757,594	
Less Disc. + Collections 6%	$45,616
Net Annual Assessment	$711,978

12

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/19	$	10,430,000	$	175,000	$	268,510	$	-	
11/01/19	$	10,255,000	$	-	$	264,513	$	708,023	
05/01/20	$	10,255,000	$	185,000	$	264,513	$	-	
11/01/20	$	10,070,000	$	-	$	260,270	$	709,783	
05/01/21	$	10,070,000	$	195,000	$	260,270	$	-	
11/01/21	$	9,875,000	$	-	$	255,803	$	711,073	
05/01/22	$	9,875,000	$	200,000	$	255,803	$	-	
11/01/22	$	9,675,000	$	-	$	251,243	$	707,045	
05/01/23	$	9,675,000	$	210,000	$	251,243	$	-	
11/01/23	$	9,465,000	$	-	$	246,438	$	707,680	
05/01/24	$	9,465,000	$	220,000	$	246,438	$	-	
11/01/24	$	9,245,000	$	-	$	241,408	$	707,845	
05/01/25	$	9,245,000	$	230,000	$	241,408	$	-	
11/01/25	$	9,015,000	$	-	$	236,153	$	707,560	
05/01/26	$	9,015,000	$	245,000	$	236,153	$	-	
11/01/26	$	8,770,000	$	-	$	230,540	$	711,693	
05/01/27	$	8,770,000	$	255,000	$	230,540	$	-	
11/01/27	$	8,515,000	$	-	$	223,898	$	709,438	
05/01/28	$	8,515,000	$	270,000	$	223,898	$	-	
11/01/28	$	8,245,000	$	-	$	216,863	$	710,760	
05/01/29	$	8,245,000	$	285,000	$	216,863	$	-	
11/01/29	$	7,960,000	$	-	$	209,438	$	711,300	
05/01/30	$	7,960,000	$	300,000	$	209,438	$	-	
11/01/30	$	7,660,000	$	-	$	201,623	$	711,060	
05/01/31	$	7,660,000	$	315,000	$	201,623	$	-	
11/01/31	$	7,345,000	$	-	$	193,418	$	710,040	
05/01/32	$	7,345,000	$	330,000	$	193,418	$	-	
11/01/32	$	7,015,000	$	-	$	184,823	$	708,240	
05/01/33	$	7,015,000	$	350,000	$	184,823	$	-	
11/01/33	$	6,665,000	$	-	$	175,705	$	710,528	
05/01/34	$	6,665,000	$	365,000	$	175,705	$	-	
11/01/34	$	6,300,000	$	-	$	166,198	$	706,903	
05/01/35	$	6,300,000	$	385,000	$	166,198	$	-	
11/01/35	$	5,915,000	$	-	$	156,170	$	707,368	
05/01/36	$	5,915,000	$	410,000	$	156,170	$	-	
11/01/36	$	5,505,000	$	-	$	145,488	$	711,658	
05/01/37	$	5,505,000	$	430,000	$	145,488	$	-	
11/01/37	$	5,075,000	$	-	$	134,285	$	709,773	
05/01/38	$	5,075,000	$	450,000	$	134,285	$	-	
11/01/38	$	4,625,000	$	122,563	$	706,848	
05/01/39	$	4,625,000	$	475,000	$	122,563		
11/01/39	$	4,150,000	$	109,975	$	707,538	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/40	$	4,150,000	$	505,000	$	109,975		
11/01/40	$	3,645,000		$	96,593	$	711,568	
05/01/41	$	3,645,000	$	530,000	$	96,593		
11/01/41	$	3,115,000		$	82,548	$	709,140	
05/01/42	$	3,115,000	$	560,000	$	82,548		
11/01/42	$	2,555,000		$	67,708	$	710,255	
05/01/43	$	2,555,000	$	590,000	$	67,708		
11/01/43	$	1,965,000		$	52,073	$	709,780	
05/01/44	$	1,965,000	$	620,000	$	52,073		
11/01/44	$	1,345,000		$	35,643	$	707,715	
05/01/45	$	1,345,000	$	655,000	$	35,643		
11/01/45	$	690,000		$	18,285	$	708,928	
05/01/46	$	690,000	$	690,000	$	18,285		
11/01/46			$	-	$	708,285	
		$	10,430,000	$	9,427,820	$	19,857,820	

Rivers Edge
Community Development District			
Debt	
Service Fund	
				Series 2018	
	Amended	Actual	Projected	Adopted	

Description	Budget FY19	Thru 6/30/19	Thru 9/30/19	Budget FY 20	

Revenues					
Assessments - Tax Roll/Direct	$470,032	$0	$0	$470,032	
Interest Income	$1,000	$9,232	$10,000	$5,000	
Carry Forward Surplus	$0	$534,193	$534,193	$195,658	
Total Revenues	$471,032	$543,425	$544,193	$670,690	

Expenditures					
Series 2018					
Interest 11/1	$166,162	$166,162	$166,162	$182,373	
Interest 5/1	$182,373	$182,373	$182,373	$182,373	
Principal 5/1	$0	$0	$0	$105,000	
Total Expenses	$348,535	$348,535	$348,535	$469,746	
					
EXCESS REVENUES / (EXPENDITURES)	$122,497	$194,890	$195,658	$200,944	

Interest Payment 11/01   $	182,373	
		Gross	Gross	
Development	Units	Per Unit	Assessments	

40/45' lot	
149	
$1,011	
$150,585	
55' lot	81	$1,188	$96,243	
600' lot	39	$1,366	$53,263	
700' lot	122	$1,639	 	$199,942 	
Gross Total			$500,034	
Less Disc. + Collections 6%	($30,002)
Net Annual Assessment	$470,032

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/1/18	$	7,050,000	$	-	$	166,162	$	166,162	
5/1/19	$	7,050,000	$	-	$	182,373	$	-	
11/1/19	$	7,050,000	$	-	$	182,373	$	364,745	
5/1/20	$	7,050,000	$	105,000	$	182,373	$	-	
11/1/20	$	6,945,000	$	-	$	180,220	$	467,593	
5/1/21	$	6,945,000	$	110,000	$	180,220	$	-	
11/1/21	$	6,835,000	$	-	$	177,965	$	468,185	
5/1/22	$	6,835,000	$	115,000	$	177,965	$	-	
11/1/22	$	6,720,000	$	-	$	175,608	$	468,573	
5/1/23	$	6,720,000	$	120,000	$	175,608	$	-	
11/1/23	$	6,600,000	$	-	$	173,148	$	468,755	
5/1/24	$	6,600,000	$	125,000	$	173,148	$	-	
11/1/24	$	6,475,000	$	-	$	170,148	$	468,295	
5/1/25	$	6,475,000	$	130,000	$	170,148	$	-	
11/1/25	$	6,345,000	$	-	$	167,028	$	467,175	
5/1/26	$	6,345,000	$	135,000	$	167,028	$	-	
11/1/26	$	6,210,000	$	-	$	163,788	$	465,815	
5/1/27	$	6,210,000	$	145,000	$	163,788	$	-	
11/1/27	$	6,065,000	$	-	$	160,308	$	469,095	
5/1/28	$	6,065,000	$	150,000	$	160,308	$	-	
11/1/28	$	5,915,000	$	-	$	156,708	$	467,015	
5/1/29	$	5,915,000	$	160,000	$	156,708	$	-	
11/1/29	$	5,755,000	$	-	$	152,548	$	469,255	
5/1/30	$	5,755,000	$	165,000	$	152,548	$	-	
11/1/30	$	5,590,000	$	-	$	148,258	$	465,805	
5/1/31	$	5,590,000	$	175,000	$	148,258	$	-	
11/1/31	$	5,415,000	$	-	$	143,708	$	466,965	
5/1/32	$	5,415,000	$	185,000	$	143,708	$	-	
11/1/32	$	5,230,000	$	-	$	138,898	$	467,605	
5/1/33	$	5,230,000	$	195,000	$	138,898	$	-	
11/1/33	$	5,035,000	$	-	$	133,828	$	467,725	
5/1/34	$	5,035,000	$	205,000	$	133,828	$	-	
11/1/34	$	4,830,000	$	-	$	128,498	$	467,325	
5/1/35	$	4,830,000	$	215,000	$	128,498	$	-	
11/1/35	$	4,615,000	$	-	$	122,908	$	466,405	
5/1/36	$	4,615,000	$	230,000	$	122,908	$	-	
11/1/36	$	4,385,000	$	-	$	116,928	$	469,835	
5/1/37	$	4,385,000	$	240,000	$	116,928	$	-	
11/1/37	$	4,145,000	$	-	$	110,688	$	467,615	
5/1/38	$	4,145,000	$	255,000	$	110,688	$	-	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	

11/1/38	
$	3,890,000	$	-	$	104,058	
$	469,745	
5/1/39	$	3,890,000	$	265,000	$	104,058	$	-	
11/1/39	$	3,625,000	$	-	$	96,969	$	466,026	
5/1/40	$	3,625,000	$	280,000	$	96,969	$	-	
11/1/40	$	3,345,000	$	-	$	89,479	$	466,448	
5/1/41	$	3,345,000	$	295,000	$	89,479	$	-	
11/1/41	$	3,050,000	$	-	$	81,588	$	466,066	
5/1/42	$	3,050,000	$	315,000	$	81,588	$	-	
11/1/42	$	2,735,000	$	-	$	73,161	$	469,749	
5/1/43	$	2,735,000	$	330,000	$	73,161	$	-	
11/1/43	$	2,405,000	$	-	$	64,334	$	467,495	
5/1/44	$	2,405,000	$	350,000	$	64,334	$	-	
11/1/44	$	2,055,000	$	-	$	54,971	$	469,305	
5/1/45	$	2,055,000	$	370,000	$	54,971	$	-	
11/1/45	$	1,685,000	$	-	$	45,074	$	470,045	
5/1/46	$	1,685,000	$	390,000	$	45,074	$	-	
11/1/46	$	1,295,000	$	-	$	34,641	$	469,715	
5/1/47	$	1,295,000	$	410,000	$	34,641	$	-	
11/1/47	$	885,000	$	-	$	23,674	$	468,315	
5/1/48	$	885,000	$	430,000	$	23,674	$	-	
11/1/48	$	455,000	$	12,171	$	465,845	
5/1/49	$	455,000	$	455,000	$	12,171	$	-	
11/1/49	$	-	$	467,171	
	$	6,595,000	$	7,491,524	$	14,565,867	

Rivers Edge
Community Development District		Debt Service Fund Series 2018A-1/2018A-2

	Amended
Budget	Actual
Thru	Projected
Thru	Adopted
Budget	
Description	FY19	6/30/19	9/30/19	FY 20	

Revenues					
Assessments - Tax Roll/Direct	$458,741	$458,801	$458,801	$458,741	
Assessments - Prepayment	$0	$19,019	$19,019	$0	
Interest Income	$1,000	$6,491	$6,000	$2,500	
Interfund Transfer In	$0	$102,803	$102,803	$0	
Carry Forward Surplus	$0	$6,450,619	$6,450,619	$139,459	
Total Revenues	$459,741	$7,037,732	$7,037,241	$600,701	

Expenditures					
Series 2018A-1					
Interest 11/1	$16,751	$16,751	$16,751	$60,272	
Interest 5/1	$62,740	$62,740	$62,740	$60,272	
Special Call 5/1	$0	$65,000	$65,000	$0	
Principal 5/1	$150,000	$150,000	$150,000	$150,000	
Series 2018A-2					
Interest 11/1	$14,817	$14,817	$14,817	$52,969	
Interest 5/1	$55,638	$55,638	$55,638	$52,969	
Special Call 5/1	$0	$40,000	$40,000	$0	
Principal 5/1	$75,000	$75,000	$75,000	$75,000	
Transfer Out Escrow Agent	$0	$6,417,837	$6,417,837	$0	
Total Expenses	$374,946	$6,897,782	$6,897,782	$451,481	
					
EXCESS REVENUES / (EXPENDITURES)	$84,796	$139,950	$139,459	$149,219	

Interest Payment 11/01   $	110,100	

Land Use	
Units	Net Per Unit	Gross Per Unit	Gross Assessments	
30	21	$680	$723	$15,187	
40	54	$820	$873	$47,135	
50	163	$961	$1,023	$166,673	
60	51	$1,102	$1,172	$59,782	
70	78	$1,320	$1,404	$109,549	
80	21	$1,468	$1,561	$32,788	
90	1	$1,615	$1,718	$1,718	
	63	Various	$55,191	$55,191	
Gross Total	$488,023	
Less Disc. + Collections 6%	-$29,281	
Net Annual Assessment	$458,741	

11/01/19			$60,272	$	60,272	
05/01/20	$3,725,000	$150,000	$60,272		
11/01/20			$58,772	$	269,044	
05/01/21	$3,575,000	$150,000	$58,772		
11/01/21			$57,178	$	265,950	
05/01/22	$3,425,000	$155,000	$57,178		
11/01/22			$55,434	$	267,613	
05/01/23	$3,270,000	$160,000	$55,434		
11/01/23			$53,434	$	268,869	
05/01/24	$3,110,000	$165,000	$53,434		
11/01/24			$51,269	$	269,703	
05/01/25	$2,945,000	$165,000	$51,269		
11/01/25			$49,000	$	265,269	
05/01/26	$2,780,000	$170,000	$49,000		
11/01/26			$46,450	$	265,450	
05/01/27	$2,610,000	$180,000	$46,450		
11/01/27			$43,660	$	270,110	
05/01/28	$2,430,000	$185,000	$43,660		
11/01/28			$40,700	$	269,360	
05/01/29	$2,245,000	$190,000	$40,700		
11/01/29			$37,494	$	268,194	
05/01/30	$2,055,000	$195,000	$37,494		
11/01/30			$34,081	$	266,575	
05/01/31	$1,860,000	$205,000	$34,081		
11/01/31			$30,494	$	269,575	
05/01/32	$1,655,000	$210,000	$30,494		
11/01/32			$26,819	$	267,313	
05/01/33	$1,445,000	$220,000	$26,819		
11/01/33			$22,969	$	269,788	
05/01/34	$1,225,000	$225,000	$22,969		
11/01/34			$18,750	$	266,719	
05/01/35	$1,000,000	$235,000	$18,750		
11/01/35			$14,344	$	268,094	
05/01/36	$765,000	$245,000	$14,344		
11/01/36			$9,750	$	269,094	
05/01/37	$520,000	$255,000	$9,750		
11/01/37			$4,969	$	269,719	
05/01/38	$265,000	$265,000	$4,969		
11/01/38				$	269,969	
		$3,725,000	$1,431,676	$	5,156,676	

11/01/19			$52,969	$	52,969	
05/01/20	$2,220,000	$75,000	$52,969		
11/01/20			$51,328	$	179,297	
05/01/21	$2,145,000	$80,000	$51,328		
11/01/21			$49,578	$	180,906	
05/01/22	$2,065,000	$80,000	$49,578		
11/01/22			$47,828	$	177,406	
05/01/23	$1,985,000	$85,000	$47,828		
11/01/23			$45,969	$	178,797	
05/01/24	$1,900,000	$90,000	$45,969		
11/01/24			$44,000	$	179,969	
05/01/25	$1,810,000	$95,000	$44,000		
11/01/25			$41,922	$	180,922	
05/01/26	$1,715,000	$100,000	$41,922		
11/01/26			$39,734	$	181,656	
05/01/27	$1,615,000	$100,000	$39,734		
11/01/27			$37,547	$	177,281	
05/01/28	$1,515,000	$105,000	$37,547		
11/01/28			$35,250	$	177,797	
05/01/29	$1,410,000	$110,000	$35,250		
11/01/29			$32,500	$	177,750	
05/01/30	$1,300,000	$115,000	$32,500		
11/01/30			$29,625	$	177,125	
05/01/31	$1,185,000	$125,000	$29,625		
11/01/31			$26,500	$	181,125	
05/01/32	$1,060,000	$130,000	$26,500		
11/01/32			$23,250	$	179,750	
05/01/33	$930,000	$135,000	$23,250		
11/01/33			$19,875	$	178,125	
05/01/34	$795,000	$145,000	$19,875		
11/01/34			$16,250	$	181,125	
05/01/35	$650,000	$150,000	$16,250		
11/01/35			$12,500	$	178,750	
05/01/36	$500,000	$160,000	$12,500		
11/01/36			$8,500	$	181,000	
05/01/37	$340,000	$165,000	$8,500		
11/01/37			$4,375	$	177,875	
05/01/38	$175,000	$175,000	$4,375		
11/01/38				$	179,375	
		$2,220,000	$1,239,000	$	3,459,000	

Rivers Edge Community Development District

FY 2020 Operations and Maintenance Methodology

Equivalent Residential Unit Allocation

Assessments per Unit - Net and Gross

Land Use / Product Type	

ERU
per Unit	
Current Platted Units	
Future Planned Units	

Total Units	

Total ERU's	

%	
FY 2020
Budget Allocation	FY 2020
Per Unit Net
Assessment	FY 2020
Per Unit Gross Assessment	FY 2019
Per Unit Gross Assessment	Increase Per Unit Gross Assessment	
Townhomes	0.85	0	18	18	15.3	1.10%	$19,422.30	$1,079.02	$1,147.89	$1,097.09	$50.80	
Single Familiy - 30' Lot	0.62	21	0	21	13.02	0.93%	$16,527.99	$787.05	$837.28	$800.23	$37.06	
Single Familiy - 40' Lot	0.74	57	173	230	170.2	12.19%	$216,057.19	$939.38	$999.34	$955.11	$44.23	
Single Familiy - 45' Lot	0.74	0	302	302	223.48	16.00%	$283,692.49	$939.38	$999.34	$955.11	$44.23	
Single Familiy - 50' Lot	0.87	205	14	219	190.53	13.64%	$241,864.73	$1,104.41	$1,174.90	$1,122.90	$52.00	
Single Familiy - 55' Lot	0.87	0	264	264	229.68	16.44%	$291,562.96	$1,104.41	$1,174.90	$1,122.90	$52.00	
Single Familiy - 60' Lot	1	81	115	196	196	14.03%	$248,808.52	$1,269.43	$1,350.46	$1,290.69	$59.77	
Single Familiy - 70' Lot	1.2	102	117	219	262.8	18.81%	$333,606.52	$1,523.32	$1,620.55	$1,548.83	$71.72	
Single Familiy - 80' Lot	1.33	10	62	72	95.76	6.86%	$121,560.73	$1,688.34	$1,796.11	$1,716.62	$79.49	
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% $1,773,103 	

FY 2020 Budget:		
Administrative	$146,120	
Field and Grounds	$1,874,264	
Amenity Center	$785,302	
Less: Cost Share RE 2 & 3	-$1,001,582	
Less: Other Income	-$31,000	
	      $1,773,103 	

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