Rivers Edge
Community Development District

Adopted Budget Fiscal Year 2021

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

	Adoped
Budget	Actual
Thru	Projected
3	Projected
Thru	Adopted
Budget	
Description	FY20	6/30/20	Months	9/30/20	FY 21	

Revenues
Assessments	

$	1,773,103	

$	1,769,658	

$	1,278	

$	1,770,935	

$	1,773,103	
Misc Income/Interest	$	10,000	$	18,884	$	5,000	$	23,884	$	16,000	
Rental Revenue	$	13,000	$	5,892	$	2,000	$	7,892	$	11,000	
Special Events	$	7,000	$	117	$	-	$	117	$	7,000	
Cost Share Landscaping Rivers Edge II	$	471,820	$	471,820	$	-	$	471,820	$	549,948	
Cost Share Landscaping Rivers Edge III	$	265,828	$	265,828	$	-	$	265,828	$	137,373	
Cost Share Amenity Rivers Edge II	$	13,847	$	13,847	$	-	$	13,847	$	13,418	
Cost Share Amenity Rivers Edge III	$	250,087	$	250,087	$	-	$	250,087	$	257,613	
Community Garden	$	1,000	$	125	$	100	$	225	$	500	
Total Revenues	$ 2,805,685	$ 2,796,258	$	8,378	$ 2,804,635	$ 2,765,955	
Expenditures						
Administrative Supervisor Fees	
$	9,600	
$	4,800	
$	2,400	
$	7,200	
$	11,400	
FICA Expense	$	735	$	367	$	183	$	550	$	873	
Engineering (Prosser)	$	15,000	$	4,143	$	2,000	$	6,143	$	15,000	
Assessment Roll	$	4,500	$	4,500	$	-	$	4,500	$	4,500	
Attorney	$	30,000	$	40,779	$	9,600	$	50,379	$	40,000	
Annual Audit	$	5,000	$	4,450	$	-	$	4,450	$	5,000	
Trustee Fees	$	9,200	$	10,817	$	-	$	10,817	$	11,000	
Dissemination	$	5,500	$	4,725	$	1,374	$	6,099	$	6,100	
Arbitrage	$	600	$	3,000	$	-	$	3,000	$	1,800	
Management Fees	$	45,000	$	33,750	$	11,250	$	45,000	$	45,000	
Information Technology	$	3,500	$	2,625	$	875	$	3,500	$	3,500	
Telephone	$	250	$	144	$	75	$	219	$	250	
Postage	$	1,500	$	1,608	$	450	$	2,058	$	1,500	
Printing & Binding	$	3,500	$	1,616	$	390	$	2,006	$	2,500	
Insurance	$	8,860	$	12,524	$	-	$	12,524	$	12,800	
Legal Advertising	$	2,000	$	1,862	$	243	$	2,105	$	2,000	
Other Current Charges	$	1,000	$	434	$	100	$	534	$	1,000	
Office Supplies	$	200	$	113	$	75	$	188	$	200	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	146,120	$	132,432	$	29,015	$	161,447	$	164,598	

Grounds Maintenance
Field Operations Management	

$	31,673	

$	21,115	

$	7,918	

$	29,033	

$	31,673	
Landscape Maintenance	$	1,246,551	$	711,102	$	398,788	$	1,109,890	$	1,201,344	
Landscape Reserves	$	30,000	$	31,818	$	-	$	31,818	$	30,000	
Irrigation Repairs and Maintenance	$	10,000	$	21,289	$	-	$	21,289	$	10,000	
Lakes, Vegetation and Algae Control	$	56,340	$	43,746	$	13,233	$	56,979	$	56,340	
Irrigation Water Use	$	309,700	$	350,293	$	91,446	$	441,739	$	375,000	
Electric	$	45,000	$	54,013	$	17,136	$	71,149	$	73,000	
Street Lighting & Signage Repairs and Replacements	$	15,000	$	21,813	$	-	$	21,813	$	15,000	
Street and Drainage Maintenance	$	5,000	$	-	$	1,000	$	1,000	$	5,000	
Other Repairs and Maintenance	$	25,000	$	20,185	$	1,500	$	21,685	$	25,000	
General Reserves	$	100,000	$	-	$	100,000	$	100,000	$	75,000	
Total Grounds Maintenance	$ 1,874,264	$ 1,275,373	$	631,021	$ 1,906,394	$ 1,897,357	

Adoped	Actual	Projected	Projected	Adopted

Description

Budget FY20

Thru 6/30/20

3
Months

Thru 9/30/20

Budget FY 21

Amenity Center - River House						
General Manager / Lifestyle Director (Vesta)	$	65,148	$	43,432	$	15,747	$	59,179	$	65,148	
Lifeguards (Vesta)	$	32,712	$	-	$	10,000	$	10,000	$	32,712	
Hospitality Staff (Vesta)	$	64,608	$	43,078	$	16,152	$	59,230	$	64,608	
Security Monitoring	$	3,500	$	3,271	$	750	$	4,021	$	3,500	
Security Guards	$	45,000	$	45,410	$	-	$	45,410	$	45,000	
Telephone	$	7,500	$	7,375	$	2,458	$	9,833	$	10,000	
Insurance	$	34,719	$	34,465	$	-	$	34,465	$	42,591	
General Facility Maint/Common Grounds Maint (Vesta)	$	42,000	$	28,142	$	10,500	$	38,642	$	42,000	
Pool Maintenance (Vesta)	$	18,225	$	12,150	$	4,556	$	16,706	$	18,225	
Pool Maintenance (Poolsure)	$	13,775	$	10,413	$	2,913	$	13,326	$	13,775	
Pool Chemicals	$	7,000	$	-	$	2,500	$	2,500	$	7,000	
Janitorial Services/Supplies	$	16,133	$	10,755	$	6,722	$	17,477	$	16,133	
Window Cleaning	$	2,767	$	-	$	1,000	$	1,000	$	2,767	
Pressure Washing	$	10,000	$	-	$	2,500	$	2,500	$	10,000	
Natural Gas	$	650	$	924	$	125	$	1,049	$	700	
Electric	$	25,000	$	17,035	$	8,973	$	26,007	$	25,000	
Sewer/Water/Irrigation	$	45,000	$	34,624	$	18,186	$	52,811	$	45,000	
Repair and Replacements	$	54,136	$	40,453	$	21,184	$	61,637	$	54,136	
Refuse	$	9,500	$	9,525	$	4,850	$	14,375	$	15,000	
Pest Control	$	5,700	$	4,465	$	2,375	$	6,840	$	5,700	
Facility Preventative Maintenance	$	2,680	$	-	$	1,000	$	1,000	$	2,680	
Access Cards	$	2,000	$	1,695	$	500	$	2,195	$	2,000	
License/Permits	$	1,800	$	1,580	$	250	$	1,830	$	1,800	
Other Current	$	2,500	$	1,394	$	1,000	$	2,394	$	2,500	
Special Events	$	50,000	$	18,352	$	10,000	$	28,352	$	50,000	
Holiday Decorations	$	11,000	$	-	$	11,000	$	11,000	$	11,000	
Landscape Replacements	$	750	$	-	$	500	$	500	$	750	
Office Supplies/Postage	$	2,000	$	1,029	$	500	$	1,529	$	2,000	
Capital Expenditure	$	7,500	$	9,984	$	-	$	9,984	$	7,500	
General Reserve	$	200,000	$	-	$	200,000	$	200,000	$	104,277	
Community Garden	$	2,000	$	-	$	1,000	$	1,000	$	500	
Total Amenity Center Expenses	$	785,302	$	379,553	$	357,241	$	736,794	$	704,001	

Total Expenses

$ 2,805,685

$ 1,787,358

$ 1,017,277

$ 2,804,635

$ 2,765,955

Excess Revenues (Expenditures)

$	-	$ 1,008,900

$(1,008,900) $

-	$	-

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	
Master Landscape Agreement $	
80,855	
$	970,260	
Verdego	District & OBT Agreement		$	42,913	
Verdego	Keystone Center Agreement		$	47,035	
Verdego	Parcels 24/25 Agreement		$	91,136	
Contingency			$	50,000	
Total			$ 1,201,344	

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	
109 Cloverbrook Rd	85557736	$19	$227	
112 Maybeck Dr	84918378	$19	$227	
114 Mistflower Dr	86624406	$2,000	$24,000	
121 Cabot Place Apt IR01	85639239	$134	$1,604	
128 Maybeck Dr	84966345	$1,000	$12,000	
140 Whistling Straits Dr	84332628	$110	$1,320	
141 Kendall Crossings	86624382	$2,201	$26,412	
149 Lanier St Apt IR01	80914013	$145	$1,740	
15 Baya St	71174367	$38	$450	
16 Cloverbrook	82157881	$135	$1,620	
1668 Orange Branch TL APT IR01	80529647	$150	$1,800	
17 Baya St	73270055	$19	$227	
1846 Orange Branch Trl	68953528	$228	$2,733	
21 Sequoia Creek TL- Water	85563403	$63	$759	
22 Sequoia Creek TL- Sewer	85563403	$107	$1,280	
234 Perdido St	75392334	$20	$235	
252 Rawlings Dr Apt IR01	68090707	$2,049	$24,583	
258 Rivertown Main St	83003077	$1,271	$15,253	
261 Indian Grass	85083644	$743	$8,912	
262 Chandler Dr APT IR01	86823624	$166	$1,990	
277 Footbridge Apt IR01	87647651	$125	$1,500	
29 Mistleflower	83742269	$32	$378	
29 Rivertown Bv	68090742	$1,788	$21,452	
316 Rambling Water Run	67153677	$38	$456	
33 Calumet Dr Apt IR01	80575469	$542	$6,502	
341 Calumet Dr Apt IR01	83003074	$413	$4,950	
345 Orange Branch TL APT IR01	84682773	$1,542	$18,510	
366 Sternwheel Dr	86349187	$800	$9,600	
373 Waterfront Dr	68090725	$816	$9,794	
386 Perdido St Apt LS01	74759223	$64	$767	
407 Yearling BV	78727795	$55	$660	
41 Indian Grass Rd	83547108	$294	$3,533	
41 Keystone Corners BV	86131615	$2,823	$33,870	
481 Indian Grass	85083641	$812	$9,742	
498 Narrowleaf Dr Apt IR01	84966365	$1,012	$12,147	
547 Rivertown Main Street	82400253	$20	$241	
598 Kendall Crossings Dr	83113752	$1,389	$16,672	
627 Keystone Corners BV APT IR01	86131621	$2,454	$29,448	
674 Sternwheel Dr	72407045	$198	$2,378	
7306 Longleaf Pine PY APT IR01	81286590	$110	$1,315	
75 Sequoia Creek Tl APT Ir01	85979465	$1,210	$14,521	
7601 Longleaf Pine PY	70204198	$38	$450	
7904 Longleaf Pine PY	71731573	$152	$1,828	
8102 Longleaf Pine PY	70204176	$82	$983	
847 Orange Branch TL APT IR01	80914007	$1,887	$22,647	
87 Kendall Crossing Dr Apt IR01	68090740	$627	$7,530	
907 Keystone Corners BV Apt IR01	80913980	$545	$6,538	
Contingency for new accounts		$768	$9,218	
Total		$31,250	$375,000	

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

Location	Meter Number	Monthly	Annual	
373 Waterfront Dr # Lights	849527304	$	20	$	235	
43 Secret River PL #Lights	961173390	$	21	$	257	
66 Foot Bridge Dr #Lights	1840736282	$	50	$	598	
158 Chandler Dr	1948796477	$	12	$	144	
20 Cloverbrook Rd	1983445246	$	12	$	149	
153 Rawlings Dr #Lights	2027153390	$	50	$	598	
53 Lanier St Lights	2138829185	$	23	$	276	
20 Twim Flower Place #Entry	2306702586	$	27	$	329	
380 Sternwheel Dr	2961434400	$	66	$	790	
1758 Orange Branch Trl	3022429090	$	33	$	391	
49 Indian Grass Dr #IRR	3719284246	$	12	$	139	
47 Narrowleaf Dr # Mail Kiosk	3733493484	$	13	$	153	
595 Rivertown Main St #Lights	4535462172	$	38	$	460	
7306 Longleaf Pine Pkwy #Sign	5262085169	$	14	$	168	
156 Landing St # Lights	5292756029	$	127	$	1,528	
87 Kendall Crossing Dr #Kiosk	5465700168	$	30	$	361	
808 Keystone Corners Blvd #IRR	5822774047	$	49	$	594	
459 Kendall Crossing #Lights	5923894249	$	17	$	205	
95 Lindenwood RL #IRR	6042922226	$	36	$	436	
385 Rushin Dr #Light	6130612309	$	10	$	118	
783 Rivertown Main St. # Lights	6547572179	$	79	$	953	
25 Rafter Tail Ln #Entr	6649873020	$	68	$	813	
106 Keystone Corners Blcd #Lights	6702745339	$	43	$	520	
8 Mascotte Place	7123229028	$	24	$	286	
131 Rivertown Main St #Lights	7248902178	$	102	$	1,219	
251 Waterfront Dr #Lights	7663646300	$	20	$	245	
427 Rivertown Main St. #Lights	7862742173	$	65	$	784	
71 Landing St #Park	7975970117	$	16	$	192	
147 Chipola Trce #Lights	8461452438	$	24	$	287	
656 Narrowlead Dr	9067238536	$	18	$	221	
109 Rivertown Main St. #Fountains	9328401261	$	1,536	$	18,438	
98 Perdido St #Lights	9390325356	$	20	$	243	
111 Orange Branch Trail	9614703305	$	3,024	$	36,287	
484 Indian Grass Fr	9116255242	$	11	$	129	
Contingency for new accounts		$	371	$	4,453	
Total		$	6,083	$	73,000	

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

$	3,750

$ 45,000

Total	$ 45,000

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

Account	Description	Monthly	Annual	

AT&T	
Fire Pannel	
$	87	
$	1,046	
AT&T	Internet	$	72	$	861	
AT&T	TV Service/Phone/Internet	$	325	$	3,900	
AT&T	TV Service/Phone/Internet	$	300	$	3,595	
	Contingency		$	598	
Total			$ 10,000	

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.

Vendor	Description	Monthly	Annual	

Republic Services	
Clubhouse	
$	700	
$	8,400	
Republic Services	Park	$	470	$	5,645	
	Contingency	$	80	$	955	
Total			$ 15,000	

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

	Adopted
Budget	Actual
Thru	Projected
Thru	Adopted
Budget	
Description	FY20	6/30/20	9/30/20	FY 21	

Revenues					
Assessments - Tax Roll/Direct (1)	$711,978	$713,850	$711,978	$711,978	
Assessments - Prepayments	$0	$12,367	$12,367	$0	
Interest Income	$3,500	$5,089	$17,000	$5,000	
Carry Forward Surplus	$281,112	$284,785	$284,785	$292,503	

Total Revenues	 	$996,590	$1,016,090	$1,026,130	$1,009,481 

Expenditures		
Series 2016		
Interest 11/1	$264,513	$264,380	$264,380	$259,608	
Special Call 11/1	$0	$5,000	$5,000	$0	
Interest 5/1	$264,513	$264,248	$264,248	$259,609	
Principal 5/1	$185,000	$185,000	$185,000	$195,000	
Special Call 11/1	$0	$15,000	$15,000	$0	

Total Expenses	 	$714,025	$733,628	$733,628	$714,216 

EXCESS REVENUES / (EXPENDITURES)	 	$282,565	$282,463	$292,503	$295,265 

Interest Payment 11/01  $	255,140

(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

11/01/20	$	10,045,000	$	-	$	259,608	$	259,608	
05/01/21	$	10,045,000	$	195,000	$	259,608	$	-	
11/01/21	$	9,850,000	$	-	$	255,140	$	709,748	
05/01/22	$	9,850,000	$	200,000	$	255,140	$	-	
11/01/22	$	9,650,000	$	-	$	250,580	$	705,720	
05/01/23	$	9,650,000	$	210,000	$	250,580	$	-	
11/01/23	$	9,440,000	$	-	$	245,775	$	706,355	
05/01/24	$	9,440,000	$	220,000	$	245,775	$	-	
11/01/24	$	9,220,000	$	-	$	240,745	$	706,520	
05/01/25	$	9,220,000	$	230,000	$	240,745	$	-	
11/01/25	$	8,990,000	$	-	$	235,490	$	706,235	
05/01/26	$	8,990,000	$	240,000	$	235,490	$	-	
11/01/26	$	8,750,000	$	-	$	230,010	$	705,500	
05/01/27	$	8,750,000	$	255,000	$	230,010	$	-	
11/01/27	$	8,495,000	$	-	$	223,368	$	708,378	
05/01/28	$	8,495,000	$	270,000	$	223,368	$	-	
11/01/28	$	8,225,000	$	-	$	216,333	$	709,700	
05/01/29	$	8,225,000	$	285,000	$	216,333	$	-	
11/01/29	$	7,940,000	$	-	$	208,908	$	710,240	
05/01/30	$	7,940,000	$	295,000	$	208,908	$	-	
11/01/30	$	7,645,000	$	-	$	201,225	$	705,133	
05/01/31	$	7,645,000	$	315,000	$	201,225	$	-	
11/01/31	$	7,330,000	$	-	$	193,020	$	709,245	
05/01/32	$	7,330,000	$	330,000	$	193,020	$	-	
11/01/32	$	7,000,000	$	-	$	184,425	$	707,445	
05/01/33	$	7,000,000	$	350,000	$	184,425	$	-	
11/01/33	$	6,650,000	$	-	$	175,308	$	709,733	
05/01/34	$	6,650,000	$	365,000	$	175,308	$	-	
11/01/34	$	6,285,000	$	-	$	165,800	$	706,108	
05/01/35	$	6,285,000	$	385,000	$	165,800	$	-	
11/01/35	$	5,900,000	$	-	$	155,773	$	706,573	
05/01/36	$	5,900,000	$	405,000	$	155,773	$	-	
11/01/36	$	5,495,000	$	-	$	145,223	$	705,995	
05/01/37	$	5,495,000	$	430,000	$	145,223	$	-	
11/01/37	$	5,065,000	$	-	$	134,020	$	709,243	
05/01/38	$	5,065,000	$	450,000	$	134,020	$	-	
11/01/38	$	4,615,000	$	122,298	$	706,318	
05/01/39	$	4,615,000	$	475,000	$	122,298		
11/01/39	$	4,140,000	$	109,710	$	707,008	
05/01/40	$	4,140,000	$	500,000	$	109,710		
11/01/40	$	3,640,000	$	96,460	$	706,170	
05/01/41	$	3,640,000	$	530,000	$	96,460		

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/41	$	3,110,000		$	82,415	$	708,875	
05/01/42	$	3,110,000	$	555,000	$	82,415		
11/01/42	$	2,555,000		$	67,708	$	705,123	
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	
		$	10,045,000	$	8,610,675	$	18,655,675	

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

Description	Budget FY20	Thru 4/30/20	Thru 9/30/20	Budget FY 21	

Revenues					
Assessments - Tax Roll/Direct	$470,045	$470,045	$470,045	$470,032	
Interest Income	$5,000	$3,453	$7,500	$5,000	
Carry Forward Surplus	$195,658	$196,906	$196,906	$204,705	
Total Revenues	$670,703	$670,404	$674,451	$679,737	

Expenditures					
Series 2018					
Interest 11/1	$182,373	$182,373	$182,373	$180,220	
Interest 5/1	$182,373	$182,373	$182,373	$180,220	
Principal 5/1	$105,000	$105,000	$105,000	$110,000	
Total Expenses	$469,746	$469,746	$469,746	$470,440	
					
EXCESS REVENUES / (EXPENDITURES)	$200,957	$200,658	$204,705	$209,297	

Interest Payment 11/01   $	177,965	
		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

	Adopted
Budget	Actual
Thru	Projected
Thru	Adopted
Budget	
Description	FY20	4/30/20	9/30/20	FY 21	

Revenues					
Assessments - Tax Roll/Direct	$458,741	$431,949	$458,741	$458,741	
Assessments - Prepayment	$0	$19,926	$19,926	$0	
Interest Income	$2,500	$3,204	$6,000	$2,500	
Carry Forward Surplus	$139,459	$179,578	$179,578	$148,682	
Total Revenues	$600,701	$634,656	$664,245	$609,924	

Expenditures					
Series 2018A-1					
Interest 11/1	$60,272	$60,272	$60,272	$58,173	
Special Call 11/1	$0	$25,000	$25,000	$0	
Interest 5/1	$0	$59,832	$59,832	$58,173	
Principal 5/1	$60,272	$150,000	$150,000	$0	
Special Call 5/1	$150,000	$10,000	$10,000	$150,000	
Series 2018A-2					
Interest 11/1	$52,969	$52,969	$52,969	$50,625	
Special Call 11/1	$0	$20,000	$20,000	$0	
Interest 5/1	$0	$52,490	$52,490	$50,625	
Principal 5/1	$52,969	$75,000	$75,000	$0	
Special Call 5/1	$75,000	$10,000	$10,000	$75,000	
Total Expenses	$451,481	$515,563	$515,563	$442,595	
					
EXCESS REVENUES / (EXPENDITURES)	$149,219	$119,094	$148,682	$167,329	

Interest Payment 11/01   $	105,563	

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	

11/01/20			$58,173	$	58,173	
05/01/21	$3,540,000	$150,000	$58,173		
11/01/21			$56,579	$	264,751	
05/01/22	$3,390,000	$155,000	$56,579		
11/01/22			$54,835	$	266,414	
05/01/23	$3,235,000	$160,000	$54,835		
11/01/23			$52,835	$	267,670	
05/01/24	$3,075,000	$160,000	$52,835		
11/01/24			$50,735	$	263,570	
05/01/25	$2,915,000	$165,000	$50,735		
11/01/25			$48,466	$	264,201	
05/01/26	$2,750,000	$170,000	$48,466		
11/01/26			$45,916	$	264,383	
05/01/27	$2,580,000	$175,000	$45,916		
11/01/27			$43,204	$	264,120	
05/01/28	$2,405,000	$185,000	$43,204		
11/01/28			$40,244	$	268,448	
05/01/29	$2,220,000	$190,000	$40,244		
11/01/29			$37,038	$	267,281	
05/01/30	$2,030,000	$195,000	$37,038		
11/01/30			$33,625	$	265,663	
05/01/31	$1,835,000	$200,000	$33,625		
11/01/31			$30,125	$	263,750	
05/01/32	$1,635,000	$210,000	$30,125		
11/01/32			$26,450	$	266,575	
05/01/33	$1,425,000	$215,000	$26,450		
11/01/33			$22,688	$	264,138	
05/01/34	$1,210,000	$225,000	$22,688		
11/01/34			$18,469	$	266,156	
05/01/35	$985,000	$235,000	$18,469		
11/01/35			$14,063	$	267,531	
05/01/36	$750,000	$240,000	$14,063		
11/01/36			$9,563	$	263,625	
05/01/37	$510,000	$250,000	$9,563		
11/01/37			$4,875	$	264,438	
05/01/38	$260,000	$260,000	$4,875		
11/01/38				$	264,875	
		$3,540,000	$1,295,760	$	4,835,760	

11/01/20			$50,625	$	50,625	
05/01/21	$2,115,000	$75,000	$50,625		
11/01/21			$48,984	$	174,609	
05/01/22	$2,065,000	$80,000	$48,984		
11/01/22			$47,234	$	176,219	
05/01/23	$1,985,000	$85,000	$47,234		
11/01/23			$45,375	$	177,609	
05/01/24	$1,900,000	$90,000	$45,375		
11/01/24			$43,406	$	178,781	
05/01/25	$1,810,000	$90,000	$43,406		
11/01/25			$41,438	$	174,844	
05/01/26	$1,715,000	$95,000	$41,438		
11/01/26			$39,359	$	175,797	
05/01/27	$1,615,000	$100,000	$39,359		
11/01/27			$37,172	$	176,531	
05/01/28	$1,515,000	$105,000	$37,172		
11/01/28			$34,875	$	177,047	
05/01/29	$1,410,000	$110,000	$34,875		
11/01/29			$32,125	$	177,000	
05/01/30	$1,300,000	$115,000	$32,125		
11/01/30			$29,250	$	176,375	
05/01/31	$1,185,000	$120,000	$29,250		
11/01/31			$26,250	$	175,500	
05/01/32	$1,060,000	$130,000	$26,250		
11/01/32			$23,000	$	179,250	
05/01/33	$930,000	$135,000	$23,000		
11/01/33			$19,625	$	177,625	
05/01/34	$795,000	$140,000	$19,625		
11/01/34			$16,125	$	175,750	
05/01/35	$650,000	$150,000	$16,125		
11/01/35			$12,375	$	178,500	
05/01/36	$500,000	$155,000	$12,375		
11/01/36			$8,500	$	175,875	
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	
		$2,115,000	$1,120,188	$	3,235,188	

Rivers Edge Community Development District

FY 2021 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 2021
Budget Allocation	FY 2021
Per Unit Net
Assessment	FY 2021
Per Unit Gross Assessment	FY 2020
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	$1,147.89	$0.00	
Single Familiy - 30' Lot	0.62	21	0	21	13.02	0.93%	$16,527.99	$787.05	$837.28	$837.28	$0.00	
Single Familiy - 40' Lot	0.74	57	173	230	170.2	12.19%	$216,057.19	$939.38	$999.34	$999.34	$0.00	
Single Familiy - 45' Lot	0.74	0	302	302	223.48	16.00%	$283,692.49	$939.38	$999.34	$999.34	$0.00	
Single Familiy - 50' Lot	0.87	205	14	219	190.53	13.64%	$241,864.73	$1,104.41	$1,174.90	$1,174.90	$0.00	
Single Familiy - 55' Lot	0.87	0	264	264	229.68	16.44%	$291,562.96	$1,104.41	$1,174.90	$1,174.90	$0.00	
Single Familiy - 60' Lot	1	81	115	196	196	14.03%	$248,808.52	$1,269.43	$1,350.46	$1,350.46	$0.00	
Single Familiy - 70' Lot	1.2	102	117	219	262.8	18.81%	$333,606.52	$1,523.32	$1,620.55	$1,620.55	$0.00	
Single Familiy - 80' Lot	1.33	10	62	72	95.76	6.86%	$121,560.73	$1,688.34	$1,796.11	$1,796.11	$0.00	
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 	1,397	100.00% $1,773,103 	

FY 2021 Budget:		
Administrative	$164,598	
Field and Grounds	$1,897,357	
Amenity Center	$704,001	
Less: Cost Share RE 2 & 3	-$958,352	
Less: Other Income	-$34,500	
	      $1,773,103 	

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