Rivers Edge
Community Development District

Adopted Budget Fiscal Year 2022

Rivers Edge
Community Development District

TABLE OF CONTENTS

General Fund

Summary of  Revenues and Expenses	Page 1-2

Narrative	Page 3-12

Debt Service Fund

Bond Series 2016	Page 13-15

Bond Series 2018	Page 16-18

Bond Series 2018A-1/2018A-2	Page 19-21

Allocation of Fixed and Variable Costs	Page 22

	Adopted
Budget	Actual
Thru	Projected
3	Projected
Thru	Adopted
Budget	
Description	FY21	6/30/21	Months	9/30/21	FY 22	

Revenues
Assessments	

$	1,773,103	

$	1,757,042	

$	16,062	

$	1,773,103	

$	2,062,535	
Misc Income/Interest	$	16,000	$	1,781	$	500	$	2,281	$	10,000	
Rental Revenue	$	11,000	$	10,535	$	2,500	$	13,035	$	11,000	
Special Events	$	7,000	$	450	$	250	$	700	$	7,000	
Cost Share Landscaping Rivers Edge II	$	549,948	$	549,948	$	-	$	549,948	$	688,906	
Cost Share Landscaping Rivers Edge III	$	137,373	$	137,373	$	-	$	137,373	$	129,731	
Cost Share Amenity Rivers Edge II	$	13,418	$	13,418	$	-	$	13,418	$	-	
Cost Share Amenity Rivers Edge III	$	257,613	$	257,613	$	-	$	257,613	$	261,748	
Community Garden	$	500	$	788	$	-	$	788	$	500	
Tennis Revenue	$	-	$	260	$	-	$	260	$	250	
Total Revenues	$ 2,765,955	$ 2,729,207	$	19,312	$ 2,748,518	$ 3,171,670	

Expenditures						
Administrative Supervisor Fees	
$	11,400	
$	8,400	
$	3,000	
$	11,400	
$	11,400	
FICA Expense	$	873	$	643	$	230	$	872	$	873	
Engineering (Prosser)	$	15,000	$	4,051	$	2,000	$	6,051	$	15,000	
Assessment Roll	$	4,500	$	4,500	$	-	$	4,500	$	4,500	
Attorney	$	40,000	$	35,543	$	10,000	$	45,543	$	40,000	
Annual Audit	$	5,000	$	-	$	4,450	$	4,450	$	5,000	
Trustee Fees	$	11,000	$	11,155	$	-	$	11,155	$	11,000	
Dissemination	$	6,100	$	4,775	$	1,525	$	6,300	$	6,100	
Arbitrage	$	1,800	$	1,200	$	600	$	1,800	$	1,800	
Management Fees	$	45,000	$	33,750	$	11,250	$	45,000	$	47,500	
Information Technology	$	3,500	$	2,625	$	875	$	3,500	$	2,888	
Website Maintenance	$	-	$	-	$	-	$	-	$	1,488	
Telephone	$	250	$	461	$	100	$	561	$	250	
Postage	$	1,500	$	1,679	$	500	$	2,179	$	1,500	
Printing & Binding	$	2,500	$	2,295	$	420	$	2,715	$	2,500	
Insurance	$	12,800	$	8,757	$	-	$	8,757	$	9,990	
Legal Advertising	$	2,000	$	981	$	500	$	1,481	$	2,000	
Other Current Charges	$	1,000	$	1,059	$	500	$	1,559	$	1,000	
Office Supplies	$	200	$	127	$	75	$	202	$	200	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	164,598	$	122,174	$	36,025	$	158,199	$	165,163	

Grounds Maintenance
Field Operations Management	

$	31,673	

$	23,754	

$	7,918	

$	31,673	

$	38,569	
Landscape Maintenance	$	1,201,344	$	909,829	$	300,733	$	1,210,562	$	1,527,383	
Landscape Reserves	$	30,000	$	53,420	$	-	$	53,420	$	30,000	
Irrigation Repairs and Maintenance	$	10,000	$	18,525	$	1,000	$	19,525	$	10,000	
Lakes, Vegetation and Algae Control	$	56,340	$	41,973	$	13,941	$	55,914	$	56,340	
Irrigation Water Use	$	375,000	$	191,086	$	63,695	$	254,781	$	270,000	
Electric	$	73,000	$	70,115	$	23,372	$	93,487	$	100,000	
Street Lighting & Signage Repairs and Replacements	$	15,000	$	34,152	$	-	$	34,152	$	15,000	
Street and Drainage Maintenance	$	5,000	$	-	$	2,500	$	2,500	$	5,000	
Other Repairs and Maintenance	$	25,000	$	-	$	10,000	$	10,000	$	25,000	
General Reserves	$	75,000	$	75,000	$	-	$	75,000	$	75,000	
Total Grounds Maintenance	$ 1,897,357	$ 1,417,854	$	423,159	$ 1,841,013	$ 2,152,292	

	Adopted
Budget	Actual
Thru	Projected
3	Projected
Thru	Adopted
Budget	
Description	FY21	6/30/21	Months	9/30/21	FY 22	

Amenity Center - River House						
General Manager / Lifestyle Director (Vesta)	$	65,148	$	47,232	$	16,287	$	63,519	$	67,000	
Lifeguards (Vesta)	$	32,712	$	8,547	$	10,000	$	18,547	$	42,328	
Hospitality Staff (Vesta)	$	64,608	$	48,456	$	16,152	$	64,608	$	67,766	
Amenity Manager (Vesta)	$	-	$	-	$	-	$	-	$	-	
Security Monitoring	$	3,500	$	1,866	$	867	$	2,733	$	3,500	
Security Guards	$	45,000	$	40,317	$	4,683	$	45,000	$	75,000	
Telephone	$	10,000	$	12,613	$	4,125	$	16,738	$	17,000	
Insurance	$	42,591	$	42,922	$	-	$	42,922	$	44,727	
General Facility Maint/Common Grounds Maint (Vesta)	$	42,000	$	31,500	$	10,500	$	42,000	$	61,289	
Pool Maintenance (Vesta)	$	18,225	$	13,669	$	4,556	$	18,225	$	19,260	
Pool Chemicals (Poolsure)	$	13,775	$	10,570	$	4,755	$	15,325	$	15,335	
Pool Chemicals	$	7,000	$	-	$	-	$	-	$	-	
Janitorial Services/Supplies	$	16,133	$	12,099	$	4,033	$	16,133	$	17,260	
Window Cleaning	$	2,767	$	-	$	1,500	$	1,500	$	2,767	
Pressure Washing	$	10,000	$	-	$	5,000	$	5,000	$	10,000	
Natural Gas	$	700	$	2,291	$	1,000	$	3,291	$	2,500	
Electric	$	25,000	$	17,798	$	1,200	$	18,998	$	25,000	
Sewer/Water/Irrigation	$	45,000	$	26,373	$	8,791	$	35,164	$	45,000	
Repair and Replacements	$	54,136	$	46,484	$	15,000	$	61,484	$	54,136	
Refuse	$	15,000	$	12,076	$	7,500	$	19,576	$	17,000	
Pest Control	$	5,700	$	3,888	$	1,287	$	5,175	$	5,700	
Facility Preventative Maintenance	$	2,680	$	-	$	1,500	$	1,500	$	2,680	
Access Cards	$	2,000	$	-	$	1,000	$	1,000	$	2,000	
License/Permits	$	1,800	$	1,909	$	600	$	2,509	$	1,800	
Other Current	$	2,500	$	1,407	$	600	$	2,007	$	2,500	
Special Events	$	50,000	$	16,578	$	7,500	$	24,078	$	50,000	
Holiday Decorations	$	11,000	$	-	$	5,000	$	5,000	$	11,000	
Landscape Replacements	$	750	$	-	$	500	$	500	$	750	
Office Supplies/Postage	$	2,000	$	1,168	$	800	$	1,968	$	2,000	
Capital Expenditure	$	7,500	$	-	$	3,500	$	3,500	$	88,416	
General Reserve	$	104,277	$	104,277	$	-	$	104,277	$	100,000	
Community Garden	$	500	$	-	$	250	$	250	$	500	
Total Amenity Center Expenses	$	704,001	$	504,040	$	138,485	$	642,526	$	854,215	
						
Total Expenses	$ 2,765,955	$ 2,044,069	$	597,669	$ 2,641,738	$ 3,171,670	
						
Excess Revenues (Expenditures)	$	-	$	685,138	$ (578,357)	$	106,781	$	-	

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 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.

Tennis Revenue
Income received from tennis camps.
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	$

3,214	$

38,569

Total	$	38,569

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	$	109,284	
$ 1,311,408	
Verdego	New Water Tech	$	93,675	
Verdego	Fertilization	$	72,300	
Verdego	New Areas & 2nd Mulch Application	$	50,000	
Total	$ 1,527,383	

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	
10 Bailey Creek Apr	87744848	$129	$1,547	
109 Cloverbrook Rd	85557736	$19	$227	
109 Fawnwood	86408611	$198	$2,372	
112 Maybeck Dr	84918378	$19	$227	
121 Cabot Place Apt IR01	85639239	$88	$1,054	
1217 Rivertown Main St	87743256	$2,980	$35,758	
128 Maybeck Dr	84966345	$967	$11,601	
140 Whistling Straits Dr	84332628	$260	$3,114	
141 Kendall Crossings	86624382	$284	$3,403	
149 Lanier St Apt IR01	80914013	$464	$5,569	
15 Baya St	71174367	$83	$999	
15 Kendall Crossings Dr	88897801	$1,318	$15,810	
16 Cloverbrook	82157881	$127	$1,524	
1668 Orange Branch TL APT IR01	80529647	$221	$2,652	
17 Baya St	73270055	$19	$227	
1846 Orange Branch Trl	68953528	$302	$3,621	
21 Sequoia Creek TL- Water	85563403	$0	$0	
22 Sequoia Creek TL- Sewer	85563403	$0	$0	
234 Perdido St	75392334	$19	$233	
252 Rawlings Dr Apt IR01	68090707	$1,521	$18,252	
258 Rivertown Main St	83003077	$446	$5,347	
261 Indian Grass	85083644	$402	$4,824	
262 Chandler Dr APT IR01	86823624	$42	$508	
277 Footbridge Apt IR01	87647651	$25	$299	
29 Rivertown Bv	68090742	$1,371	$16,448	
308 Oak Shadow Pl	88310615	$82	$980	
316 Rambling Water Run	67153677	$196	$2,352	
32 Fawnwood	88310637	$50	$598	
324 Silkgrass Pl	87614708	$175	$2,102	
33 Calumet Dr Apt IR01	80575469	$146	$1,754	
341 Calumet Dr Apt IR01	83003074	$227	$2,724	
345 Orange Branch TL APT IR01	84682773	$604	$7,244	
366 Sternwheel Dr	86349187	$1,071	$12,848	
373 Waterfront Dr	68090725	$800	$9,604	
386 Perdido St Apt LS01	74759223	$66	$788	
405 Oak Shadow Pl	87386163	$120	$1,442	
407 Yearling BV	78727795	$135	$1,625	
41 Indian Grass Rd	83547108	$73	$874	
41 Oak Shadow Pl	87614709	$135	$1,621	
481 Indian Grass	85083641	$302	$3,627	
49 Fiddlewood Dr	89393736	$7	$80	
498 Narrowleaf Dr Apt IR01	84966365	$636	$7,629	
547 Rivertown Main Street	82400253	$20	$246	
598 Kendall Crossings Dr	83113752	$592	$7,100	
674 Sternwheel Dr	72407045	$127	$1,529	
6824 Longleaf Pine PY APT IR01	87614645	$78	$940	
7306 Longleaf Pine PY APT IR01	81286590	$154	$1,842	
7601 Longleaf Pine PY	70204198	$103	$1,232	
7904 Longleaf Pine PY	71731573	$48	$574	
8102 Longleaf Pine PY	70204176	$36	$435	
847 Orange Branch TL APT IR01	80914007	$594	$7,129	
87 Kendall Crossing Dr Apt IR01	68090740	$796	$9,557	
Contingency for new accounts		$3,826	$45,909	
Total		$22,500	$270,000	

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	$	18	$	221	
43 Secret River PL #Lights		961173390	$	18	$	221	
66 Foot Bridge Dr #Lights		1840736282	$	40	$	480	
158 Chandler Dr		1948796477	$	12	$	142	
20 Cloverbrook Rd		1983445246	$	11	$	138	
153 Rawlings Dr #Lights		2027153390	$	51	$	612	
53 Lanier St Lights		2138829185	$	49	$	590	
10 Bryson Drive		2295929356	$	13	$	156	
20 Twim Flower Place #Entry		2306702586	$	18	$	220	
477 Newberry Dr		2697349351	$	13	$	154	
380 Sternwheel Dr		2961434400	$	93	$	1,111	
1758 Orange Branch Trl		3022429090	$	25	$	297	
49 Indian Grass Dr #IRR		3719284246	$	13	$	161	
47 Narrowleaf Dr # Mail Kiosk		3733493484	$	11	$	130	
		4003273234	$	541	$	6,494	
595 Rivertown Main St #Lights		4535462172	$	36	$	437	
7306 Longleaf Pine Pkwy #Sign		5262085169	$	12	$	143	
156 Landing St # Lights		5292756029	$	109	$	1,311	
87 Kendall Crossing Dr #Kiosk		5465700168	$	28	$	333	
808 Keystone Corners Blvd #IRR		5822774047	$	70	$	846	
459 Kendall Crossing #Lights		5923894249	$	20	$	236	
95 Lindenwood RL #IRR		6042922226	$	41	$	489	
385 Rushin Dr #Light		6130612309	$	98	$	1,172	
783 Rivertown Main St. # Lights		6547572179	$	81	$	969	
25 Rafter Tail Ln #Entr		6649873020	$	61	$	730	
106 Keystone Corners Blcd #Lights		6702745339	$	69	$	828	
8 Mascotte Place		7123229028	$	25	$	294	
131 Rivertown Main St #Lights		7248902178	$	100	$	1,199	
53 Mistleflower Dr #Fntn		7642409317	$	924	$	11,087	
251 Waterfront Dr #Lights		7663646300	$	18	$	217	
427 Rivertown Main St. #Lights		7862742173	$	63	$	751	
71 Landing St #Park		7975970117	$	16	$	189	
147 Chipola Trce #Lights		8461452438	$	16	$	188	
2198 Orange Branch Trl		8521892243	$	62	$	742	
656 Narrowlead Dr		9067238536	$	13	$	160	
484 Indian Grass Fr		9116255242	$	13	$	161	
109 Rivertown Main St. #Fountains		9328401261	$	1,689	$	20,267	
98 Perdido St #Lights		9390325356	$	19	$	228	
111 Orange Branch Trail		9614703305	$	3,099	$	37,187	
324 Silkgrass PL IRR		9116038283	$	22	$	264	
13 Fawnwood St		1136848288	$	32	$	378	
41 Oak Shadow Place		5656738282	$	27	$	320	
405 Oak Shadow Place		4043348285	$	25	$	305	
Contingency for new accounts			$	620	$	7,445	
Total			$	8,333	$ 100,000	

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

$	5,583	$

67,000

Total	$	67,000

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

$	3,527 $

42,328

Total	$	42,328

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

$	5,647	$

67,766

Total	$	67,766

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 and St. Johns Sherriff’s office to provide off-duty patrol.

Vendor	Description	Monthly	Annual	

Giddens Security	
Security Patrols	
$	3,750	
$ 45,000	
SJCSO Off Duty	Security Patrols	$	2,500	$ 30,000	
Total			$ 75,000	

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	$	290	$	3,480	
AT&T	TV Service/Phone/Internet	$	900	$ 10,800	
	Contingency		$	813	
Total			$ 17,000	

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

$	5,107	$

61,289

Total	$	61,289

Pool Maintenance (Vesta)
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

$	1,605 $

19,260

Total	$	19,260

Pool Chemicals (Poolsure)
The District is under contract with Poolsure for the chemicals of the Amenity Center Swimming Pools.

Vendor	Description	Monthly	Annual	

Poolsure	
Pool Chemicals Oct-Mar	
$	971	
$	5,826	
Poolsure Contingency	Pool Chemicals Apr-Sept	$	1,585	$	9,509	
Total			$	15,335	

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

$	1,438	$

17,260

Total	$	17,260

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	$	175	$ 2,100	
Contingency		$	400	
Total		$ 2,500	

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

Location	Meter Number	Monthly	Annual	
156 Landing St Club House	73172207	$	352	$	4,222	
136 Landing St (Tennis)	8675434248	$	925	$	11,097	
140 Landing St Fitness	2299084240	$	517	$	6,206	
Contingency for new accounts		$	290	$	3,475	
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	$567	$6,805	
156 Landing St-Fire Sprinkler		$42	$504	
156 Landing St -Water	70924484	$968	$11,611	
156 Landing St -Water	84310710	$326	$3,914	
156 Landing St -Irrigation	68090752	$1,000	$12,000	
90 Lanier St.-Water	80913987	$404	$4,848	
91 Lanier St.-Sewer	80913987	$169	$2,030	
Contingency for new accounts		$274	$3,288	
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	
$	800	
$	9,600	
Republic Services	Park	$	550	$	6,600	
	Contingency	$	67	$	800	
Total			$ 17,000	

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 CDD Capital Plan FY22

 	Capital Item		 	Cost		
Carpet Squares- Fitness Room	$	4,340	
Fitness Equipment Allowance	$	7,164	
Pool Furniture Allowance	$	7,164	
Ceiling Fans- Pool Pavilion	$	956	
Patio Furniture Allowance (RH Patio)	$	3,478	
Patio Furniture Allowance (RH Porch)	$	2,319	
Wood Celing & Trim Painging (Pool Pavilion)	$	2,295	
Tennis Court Fence Repairs	$	20,000	
Grill guts on Palm Court	$	900	
Grill guts under Pool Pavilion	$	900	
New tennis court nets	$	900	
Pergola over Family Pool re-paint	$	8,000	
Pool coping on lap pool	  $	30,000 	
Total	  $	88,416 	

Rivers Edge
Community Development District	Debt Service Fund Series 2016

	Adopted
Budget	Actual
Thru	Projected
Thru	Adopted
Budget	
Description	FY21	6/30/21	9/30/21	FY 22	

Revenues					
Assessments - Tax Roll/Direct (1)	$711,978	$703,742	$711,935	$711,978	
Assessments - Prepayment	$0	$15,962	$15,962	$0	
Interest Income	$5,000	$111	$143	$1,000	
Carry Forward Surplus	$281,112	$283,012	$283,012	$291,997	

Total Revenues	 	$998,090	$1,002,827	$1,011,052	$1,004,975 

Expenditures		
Series 2016		
Interest 11/1	$259,608	$259,608	$259,608	$255,140	
Special Call 11/1	$0	$5,000	$5,000	$0	
Interest 5/1	$259,609	$259,478	$259,447	$255,140	
Principal 5/1	$195,000	$195,000	$195,000	$200,000	

Total Expenses	 	$714,216	$719,085	$719,055	$710,280 

EXCESS REVENUES / (EXPENDITURES)	 	$283,874	$283,742	$291,997	$294,695 

Interest Payment 11/01  $	250,580

(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

13

11/01/20	$	10,040,000		
05/01/21	$	10,040,000	$	195,000	$	259,478	$	-	
11/01/21	$	10,040,000	$	-	$	255,010	$	709,488	
05/01/22	$	10,040,000	$	200,000	$	255,010	$	-	
11/01/22	$	9,840,000	$	-	$	250,450	$	705,460	
05/01/23	$	9,840,000	$	210,000	$	250,450	$	-	
11/01/23	$	9,630,000	$	-	$	245,645	$	706,095	
05/01/24	$	9,630,000	$	220,000	$	245,645	$	-	
11/01/24	$	9,410,000	$	-	$	240,615	$	706,260	
05/01/25	$	9,410,000	$	230,000	$	240,615	$	-	
11/01/25	$	9,180,000	$	-	$	235,360	$	705,975	
05/01/26	$	9,180,000	$	240,000	$	235,360	$	-	
11/01/26	$	8,940,000	$	-	$	229,880	$	705,240	
05/01/27	$	8,940,000	$	255,000	$	229,880	$	-	
11/01/27	$	8,685,000	$	-	$	223,238	$	708,118	
05/01/28	$	8,685,000	$	270,000	$	223,238	$	-	
11/01/28	$	8,415,000	$	-	$	216,203	$	709,440	
05/01/29	$	8,415,000	$	280,000	$	216,203	$	-	
11/01/29	$	8,135,000	$	-	$	208,908	$	705,110	
05/01/30	$	8,135,000	$	295,000	$	208,908	$	-	
11/01/30	$	7,840,000	$	-	$	201,225	$	705,133	
05/01/31	$	7,840,000	$	315,000	$	201,225	$	-	
11/01/31	$	7,525,000	$	-	$	193,020	$	709,245	
05/01/32	$	7,525,000	$	330,000	$	193,020	$	-	
11/01/32	$	7,195,000	$	-	$	184,425	$	707,445	
05/01/33	$	7,195,000	$	350,000	$	184,425	$	-	
11/01/33	$	6,845,000	$	-	$	175,308	$	709,733	
05/01/34	$	6,845,000	$	365,000	$	175,308	$	-	
11/01/34	$	6,480,000	$	-	$	165,800	$	706,108	
05/01/35	$	6,480,000	$	385,000	$	165,800	$	-	
11/01/35	$	6,095,000	$	-	$	155,773	$	706,573	
05/01/36	$	6,095,000	$	405,000	$	155,773	$	-	
11/01/36	$	5,690,000	$	-	$	145,223	$	705,995	
05/01/37	$	5,690,000	$	430,000	$	145,223	$	-	
11/01/37	$	5,260,000	$	-	$	134,020	$	709,243	
05/01/38	$	5,260,000	$	450,000	$	134,020	$	-	
11/01/38	$	4,810,000		$	122,298	$	706,318	
05/01/39	$	4,810,000	$	475,000	$	122,298		
11/01/39	$	4,335,000		$	109,710	$	707,008	
05/01/40	$	4,335,000	$	500,000	$	109,710		
11/01/40	$	3,835,000		$	96,460	$	706,170	
05/01/41	$	3,835,000	$	530,000	$	96,460		

11/01/41	$	3,305,000		$	82,415	$	708,875	
05/01/42	$	3,305,000	$	555,000	$	82,415		
11/01/42	$	2,750,000		$	67,708	$	705,123	
05/01/43	$	2,750,000	$	590,000	$	67,708		
11/01/43	$	2,160,000		$	52,073	$	709,780	
05/01/44	$	2,160,000	$	620,000	$	52,073		
11/01/44	$	1,540,000		$	35,643	$	707,715	
05/01/45	$	1,540,000	$	655,000	$	35,643		
11/01/45	$	885,000		$	18,285	$	708,928	
05/01/46	$	885,000	$	690,000	$	18,285		
11/01/46			$	-	$	708,285	
		$	10,040,000	$	8,348,858	$	18,388,858	

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

Description	Budget FY21	Thru 6/30/21	Thru 9/30/21	Budget FY 22	

Revenues					
Assessments - Tax Roll/Direct	$470,032	$459,218	$470,032	$470,032	
Interest Income	$5,000	$84	$250	$1,000	
Carry Forward Surplus	$195,658	$200,492	$200,492	$200,334	
Total Revenues	$670,690	$659,795	$670,774	$671,365	

Expenditures					
Series 2018					
Interest 11/1	$180,220	$180,220	$180,220	$177,965	
Interest 5/1	$180,220	$180,220	$180,220	$177,965	
Principal 5/1	$110,000	$110,000	$110,000	$115,000	
Total Expenses	$470,440	$470,440	$470,440	$470,930	
					
EXCESS REVENUES / (EXPENDITURES)	$200,250	$189,355	$200,334	$200,435	

Interest Payment 11/01   $	175,608	
		Gross	Gross	
Development	Units	Per Unit	Assessments	

40/45' lot	
149	
$1,011	
$150,585	
55' lot	81	$1,188	$96,243	
60' lot	39	$1,366	$53,263	
70' 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	FY21	6/30/21	9/30/21	FY 22	

Revenues					
Assessments - Tax Roll/Direct	$458,741	$446,745	$458,741	$458,741	
Assessments - Prepayment	$0	$11,140	$11,140	$0	
Interest Income	$2,500	$94	$150	$500	
Carry Forward Surplus	$148,682	$139,139	$139,139	$127,062	
Total Revenues	$609,924	$597,118	$609,171	$586,304	

Expenditures					
Series 2018A-1					
Interest 11/1	$58,173	$58,173	$58,173	$56,171	
Special Call 11/1	$0	$15,000	$15,000	$0	
Interest 5/1	$58,173	$57,936	$57,936	$56,171	
Principal 5/1	$150,000	$150,000	$150,000	$155,000	
Special Call 5/1	$0	$10,000	$10,000	$0	
Series 2018A-2					
Interest 11/1	$50,625	$50,625	$50,625	$48,609	
Special Call 11/1	$0	$10,000	$10,000	$0	
Interest 5/1	$50,625	$50,375	$50,375	$48,609	
Principal 5/1	$75,000	$75,000	$75,000	$80,000	
Special Call 5/1	$0	$5,000	$5,000	$0	
Total Expenses	$442,595	$482,109	$482,109	$444,560	
					
EXCESS REVENUES / (EXPENDITURES)	$167,329	$115,010	$127,062	$141,744	

Series 2018A-1 Interest Payment 11/01  $	54,427
Series 2018A-2 Interest Payment 11/01  $	46,859 
   $	101,286 

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	

11/01/21			$56,171	$	56,171	
05/01/22	$3,365,000	$155,000	$56,171		
11/01/22			$54,427	$	265,598	
05/01/23	$3,210,000	$155,000	$54,427		
11/01/23			$52,489	$	261,916	
05/01/24	$3,055,000	$160,000	$52,489		
11/01/24			$50,389	$	262,879	
05/01/25	$2,895,000	$165,000	$50,389		
11/01/25			$48,121	$	263,510	
05/01/26	$2,730,000	$170,000	$48,121		
11/01/26			$45,571	$	263,691	
05/01/27	$2,560,000	$175,000	$45,571		
11/01/27			$42,858	$	263,429	
05/01/28	$2,385,000	$180,000	$42,858		
11/01/28			$39,978	$	262,836	
05/01/29	$2,205,000	$185,000	$39,978		
11/01/29			$36,856	$	261,834	
05/01/30	$2,020,000	$195,000	$36,856		
11/01/30			$33,444	$	265,300	
05/01/31	$1,825,000	$200,000	$33,444		
11/01/31			$29,944	$	263,388	
05/01/32	$1,625,000	$205,000	$29,944		
11/01/32			$26,356	$	261,300	
05/01/33	$1,420,000	$215,000	$26,356		
11/01/33			$22,594	$	263,950	
05/01/34	$1,205,000	$225,000	$22,594		
11/01/34			$18,375	$	265,969	
05/01/35	$980,000	$230,000	$18,375		
11/01/35			$14,063	$	262,438	
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	
		$3,365,000	$1,172,145	$	4,537,145	

11/01/21			$48,609	$	48,609	
05/01/22	$2,025,000	$80,000	$48,609		
11/01/22			$46,859	$	175,469	
05/01/23	$1,985,000	$85,000	$46,859		
11/01/23			$45,000	$	176,859	
05/01/24	$1,900,000	$90,000	$45,000		
11/01/24			$43,031	$	178,031	
05/01/25	$1,810,000	$90,000	$43,031		
11/01/25			$41,063	$	174,094	
05/01/26	$1,715,000	$95,000	$41,063		
11/01/26			$38,984	$	175,047	
05/01/27	$1,615,000	$100,000	$38,984		
11/01/27			$36,797	$	175,781	
05/01/28	$1,515,000	$105,000	$36,797		
11/01/28			$34,500	$	176,297	
05/01/29	$1,410,000	$110,000	$34,500		
11/01/29			$31,750	$	176,250	
05/01/30	$1,300,000	$115,000	$31,750		
11/01/30			$28,875	$	175,625	
05/01/31	$1,185,000	$120,000	$28,875		
11/01/31			$25,875	$	174,750	
05/01/32	$1,060,000	$125,000	$25,875		
11/01/32			$22,750	$	173,625	
05/01/33	$930,000	$135,000	$22,750		
11/01/33			$19,375	$	177,125	
05/01/34	$795,000	$140,000	$19,375		
11/01/34			$15,875	$	175,250	
05/01/35	$650,000	$145,000	$15,875		
11/01/35			$12,250	$	173,125	
05/01/36	$500,000	$155,000	$12,250		
11/01/36			$8,375	$	175,625	
05/01/37	$340,000	$165,000	$8,375		
11/01/37			$4,250	$	177,625	
05/01/38	$175,000	$170,000	$4,250		
11/01/38				$	174,250	
		$2,025,000	$1,008,438	$	3,033,438	

Rivers Edge Community Development District

FY 2022 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 2022
Budget Allocation	FY 2022
Per Unit Net
Assessment	FY 2022
Per Unit Gross Assessment	FY 2021
Per Unit Gross Assessment	Increase Per Unit Gross Assessment	
Townhomes	0.85	0	18	18	15.3	1.10%	$22,592.69	$1,255.15	$1,335.27	$1,147.89	$187.38	
Single Familiy - 30' Lot	0.62	21	0	21	13.02	0.93%	$19,225.93	$915.52	$973.96	$837.28	$136.67	
Single Familiy - 40' Lot	0.74	57	173	230	170.2	12.19%	$251,325.20	$1,092.72	$1,162.47	$999.34	$163.13	
Single Familiy - 45' Lot	0.74	0	302	302	223.48	16.00%	$330,000.91	$1,092.72	$1,162.47	$999.34	$163.13	
Single Familiy - 50' Lot	0.87	205	14	219	190.53	13.64%	$281,345.42	$1,284.68	$1,366.68	$1,174.90	$191.78	
Single Familiy - 55' Lot	0.87	0	264	264	229.68	16.44%	$339,156.12	$1,284.68	$1,366.68	$1,174.90	$191.78	
Single Familiy - 60' Lot	1	81	115	196	196	14.03%	$289,422.67	$1,476.65	$1,570.90	$1,350.46	$220.44	
Single Familiy - 70' Lot	1.2	102	117	219	262.8	18.81%	$388,062.65	$1,771.98	$1,885.08	$1,620.55	$264.53	
Single Familiy - 80' Lot	1.33	10	62	72	95.76	6.86%	$141,403.65	$1,963.94	$2,089.30	$1,796.11	$293.19	
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% 	$2,062,535 	

FY 2022 Budget:		
Administrative	$165,163	
Field and Grounds	$2,152,292	
Amenity Center	$854,215	
Less: Cost Share RE 2 & 3	-$1,080,385	
Less: Other Income	-$28,750	
	      $2,062,535 	

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