Adopted Budget
Fiscal Year 2023

TABLE OF CONTENTS

General Fund

Summary of Revenues and Expenses	Page 1-2

Narrative	Page 3-15

Debt Service Fund

Bond Series 2016	Page 16-18

Bond Series 2018	Page 19-22

Bond Series 2018A-1/2018A-2	Page 23-25

Allocation of Fixed and Variable Costs	Page 26

	Adopted
Budget	Actual
Thru	Projected	Projected
Thru	Adopted
Budget	
Description	FY22	8/31/22	1	Month	9/30/22	FY 23	

Revenues
Assessments	

$	2,062,535	

$	2,067,867	

$	-	

$	2,067,867	

$	2,378,421	
Misc Income/Interest	$	10,000	$	11,341	$	659	$	12,000	$	12,000	
Insurance Proceeds	$	-	$	1,177	$	-	$	1,177	$	-	
Rental Revenue	$	11,000	$	27,368	$	2,632	$	30,000	$	30,000	
Special Events	$	7,000	$	3,769	$	1,231	$	5,000	$	6,000	
Cost Share Landscaping Rivers Edge II	$	688,906	$	516,680	$	172,227	$	688,906	$	713,588	
Cost Share Landscaping Rivers Edge III	$	129,731	$	97,298	$	32,433	$	129,731	$	179,286	
Cost Share Amenity Rivers Edge III	$	261,748	$	196,311	$	65,437	$	261,748	$	316,559	
Community Garden	$	500	$	975	$	25	$	1,000	$	1,000	
Tennis Revenue	$	250	$	428	$	72	$	500	$	500	
Total Revenues	$ 3,171,670	$ 2,923,214	$	274,715	$ 3,197,929	$  3,637,354	

Expenditures						
Administrative Supervisor Fees	
$	11,400	
$	11,000	
$	1,000	
$	12,000	
$	12,000	
FICA FICA Expense	$	873	$	842	$	77	$	918	$	918	
Engineering (Prosser)	$	15,000	$	19,641	$	5,359	$	25,000	$	25,000	
Assessment Roll	$	4,500	$	4,500	$	-	$	4,500	$	5,000	
Attorney	$	40,000	$	46,008	$	8,992	$	55,000	$	55,000	
Annual Audit	$	5,000	$	-	$	5,000	$	5,000	$	5,000	
Trustee Fees	$	11,000	$	5,499	$	2,500	$	7,999	$	11,000	
Dissemination	$	6,100	$	5,542	$	458	$	6,000	$	6,100	
Arbitrage	$	1,800	$	1,800	$	-	$	1,800	$	1,800	
Management Fees	$	47,500	$	43,542	$	3,958	$	47,500	$	49,875	
Information Technology	$	2,888	$	2,647	$	241	$	2,888	$	2,888	
Website Maintenance	$	1,488	$	1,364	$	124	$	1,488	$	1,488	
Telephone	$	250	$	600	$	200	$	800	$	800	
Postage	$	1,500	$	1,422	$	78	$	1,500	$	1,500	
Printing & Binding	$	2,500	$	2,810	$	190	$	3,000	$	3,000	
Insurance	$	9,990	$	8,954	$	-	$	8,954	$	11,280	
Legal Advertising	$	2,000	$	4,036	$	464	$	4,500	$	4,500	
Other Current Charges	$	1,000	$	1,389	$	1,111	$	2,500	$	2,500	
Office Supplies	$	200	$	52	$	15	$	67	$	150	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	165,163	$	161,822	$	29,767	$	191,589	$	199,973	

Grounds Maintenance
Field Operations Management (Vesta)	

$	38,569	

$	38,528	

$	3,503	

$	42,031	

$	45,210	
Landscape Maintenance	$	1,527,383	$	1,032,655	$	115,159	$	1,147,814	$	1,523,000	
Landscape Reserves	$	30,000	$	52,897	$	7,103	$	60,000	$	60,000	
Irrigation Repairs and Maintenance	$	10,000	$	57,130	$	5,000	$	62,130	$	15,000	
Lakes, Vegetation and Algae Control	$	56,340	$	39,557	$	3,737	$	43,294	$	56,340	
Irrigation Water Use	$	270,000	$	344,018	$	22,982	$	367,000	$	367,000	
Electric	$	100,000	$	92,258	$	9,500	$	101,758	$	105,000	
Street Lighting & Signage Repairs and Replacements	$	15,000	$	19,325	$	675	$	20,000	$	20,000	
Street and Drainage Maintenance	$	5,000	$	2,975	$	2,025	$	5,000	$	5,000	
Other Repairs and Maintenance	$	25,000	$	2,282	$	850	$	3,132	$	10,000	
Total Grounds Maintenance	$ 2,077,292	$ 1,681,625	$	170,534	$ 1,852,158	$  2,206,550	

	Adopted
Budget	Actual
Thru	Projected	Projected
Thru	Adopted
Budget	
Description	FY22	8/31/22	1	Month	9/30/22	FY 23	

Amenity Center - River House
General Manager / Lifestyle Director (Vesta)	

$	67,000	

$	82,030	

$	7,457	

$	89,487	

$	95,486	
Lifeguards (Vesta)	$	42,328	$	26,727	$	12,000	$	38,727	$	46,009	
Hospitality Staff (Vesta)	$	67,766	$	52,710	$	4,701	$	57,411	$	106,902	
Amenity Manager (Vesta)	$	-	$	-	$	-	$	-	$	18,911	
Security Monitoring	$	3,500	$	2,464	$	1,036	$	3,500	$	3,500	
Security Guards	$	75,000	$	70,379	$	4,621	$	75,000	$	75,000	
Telephone	$	17,000	$	11,817	$	1,200	$	13,017	$	17,406	
Insurance	$	44,727	$	44,534	$	-	$	44,534	$	52,906	
General Facility Maint/Common Grounds Maint (Vesta)	$	61,289	$	64,966	$	5,906	$	70,872	$	76,541	
Pool Maintenance (Vesta)	$	19,260	$	8,668	$	788	$	9,456	$	10,012	
Pool Chemicals (Poolsure)	$	15,335	$	15,443	$	1,879	$	17,322	$	18,000	
Janitorial Services/Supplies (Vesta)	$	17,260	$	6,798	$	618	$	7,416	$	31,003	
Window Cleaning	$	2,767	$	-	$	2,000	$	2,000	$	2,767	
Pressure Washing	$	10,000	$	-	$	5,000	$	5,000	$	40,000	
Natural Gas	$	2,500	$	344	$	40	$	384	$	500	
Electric	$	25,000	$	27,411	$	2,589	$	30,000	$	30,000	
Sewer/Water/Irrigation	$	45,000	$	48,021	$	3,979	$	52,000	$	52,000	
Repair and Replacements	$	54,136	$	100,680	$	9,320	$	110,000	$	110,000	
Refuse	$	17,000	$	21,366	$	2,000	$	23,366	$	25,000	
Pest Control	$	5,700	$	5,916	$	550	$	6,466	$	6,588	
Facility Preventative Maintenance	$	2,680	$	-	$	2,000	$	2,000	$	2,000	
Access Cards	$	2,000	$	-	$	400	$	400	$	2,000	
License/Permits	$	1,800	$	1,316	$	484	$	1,800	$	1,800	
Other Current	$	2,500	$	3,199	$	301	$	3,500	$	3,500	
Special Events	$	50,000	$	15,167	$	7,500	$	22,667	$	50,000	
Holiday Decorations	$	11,000	$	9,907	$	1,000	$	10,907	$	11,000	
Landscape Replacements	$	750	$	-	$	500	$	500	$	-	
Office Supplies/Postage	$	2,000	$	784	$	350	$	1,134	$	1,500	
Capital Expenditure	$	88,416	$	-	$	15,000	$	15,000	$	15,000	
Community Garden	$	500	$	-	$	250	$	250	$	500	
Total Amenity Center Expenses	$	754,215	$	620,647	$	93,469	$	714,116	$	905,831	

General Reserve - Grounds Maintenance	
$	75,000	
$	75,000	
$	-	
$	75,000	
$	75,000	
General Reserve - Amenity Center	$	100,000	$	100,000	$	-	$	100,000	$	100,000	
Additional Reserves	$	-	$	-	$	-	$	-	$	150,000	
Total Expenses	$ 3,171,670	$ 2,639,094	$	293,770	$ 2,932,864	$  3,637,354	
						
Excess Revenues (Expenditures)	$	-	$	284,120	$	(19,055)	$	265,066	$	-	

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, irrigation and stormwater. Cost share is based on future development buildout 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, irrigation and stormwater. Cost share is based on future development buildout 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 buildout 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, KE Law 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	Discriotion	Monthly	Annual		

Vesta	
Field Operations Management	
$3,768		
$45,210	
Total				$45,210	

Landscape Maintenance
The District contracted with Yellowstone to maintain the common areas of the District, Amenity Center and community thoroughfares which may exceed the District’s boundary. The base costs for the District including mulch and pine straw is $803,527. Additional thoroughfare costs are for Riverfront Park
$38,819, longleaf pine $159,504, Main Street $139,463 SR13 $42,717 and the Riverhouse $44,804. Additional mulch and pine straw for this area total
$143,955. A Provision of $100,000 is also provided for new areas which may come online in the next eighteen months.

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 .

10 Bailey Creek Apr	87744848	$	85	$	1,020	
109 Cloverbrook Rd	85557736	$	25	$	300	
109 Fawnwood	86408611	$	380	$	4,560	
112 Maybeck Dr	84918378	$	19	$	229	
121 Cabot Place Apt IR01	85639239	$	90	$	1,076	
1217 Rivertown Main St	87743256	$	2,904	$	34,844	
128 Maybeck Dr	84966345	$	948	$	11,378	
141 Kendall Crossings	86624382	$	1,400	$	16,800	
141 Whirlaway Ct	210027239	$	180	$	2,160	
15 Baya St	71174367	$	525	$	6,305	
15 Kendall Crossings Dr	88897801	$	1,855	$	22,260	
16 Cloverbrook	82157881	$	125	$	1,500	
1668 Orange Branch TL APT IR01	80529647	$	145	$	1,740	
17 Baya St	73270055	$	25	$	300	
1846 Orange Branch Trl	68953528	$	1,005	$	12,060	
234 Perdido St	75392334	$	30	$	360	
252 Rawlings Dr Apt IR01	68090707	$	2,300	$	27,600	
258 Rivertown Main St	83003077	$	578	$	6,939	
261 Indian Grass	85083644	$	450	$	5,400	
262 Chandler Dr APT IR01	86823624	$	27	$	322	
277 Footbridge Apt IR01	87647651	$	25	$	299	
29 Rivertown Bv	68090742	$	2,245	$	26,940	
308 Oak Shadow Pl	88310615	$	25	$	299	
316 Rambling Water Run	67153677	$	830	$	9,960	
32 Fawnwood	88310637	$	90	$	1,075	
324 Silkgrass Pl	87614708	$	162	$	1,948	
33 Calumet Dr Apt IR01	80575469	$	172	$	2,061	
341 Calumet Dr Apt IR01	83003074	$	486	$	5,829	
345 Orange Branch TL APT IR01	84682773	$	1,245	$	14,943	
366 Sternwheel Dr	86349187	$	1,754	$	21,048	
373 Waterfront Dr	68090725	$	721	$	8,656	
386 Perdido St Apt LS01	74759223	$	75	$	900	
39 Riverwalk Blvd	71731588	$	85	$	1,020	
405 Oak Shadow Pl	87386163	$	185	$	2,220	
407 Yearling BV	78727795	$	105	$	1,260	
41 Indian Grass Rd	83547108	$	285	$	3,420	
41 Oak Shadow Pl	87614709	$	250	$	3,000	
481 Indian Grass	85083641	$	700	$	8,400	
49 Fiddlewood Dr	89393736	$	70	$	840	
498 Narrowleaf Dr Apt IR01	84966365	$	1,125	$	13,505	
547 Rivertown Main Street	82400253	$	25	$	300	
598 Kendall Crossings Dr	83113752	$	1,750	$	21,000	
674 Sternwheel Dr	72407045	$	170	$	2,040	
6824 Longleaf Pine PY APT IR01	87614645	$	210	$	2,520	
7306 Longleaf Pine PY APT IR01	81286590	$	30	$	360	
7601 Longleaf Pine PY	70204198	$	290	$	3,480	
7904 Longleaf Pine PY	71731573	$	45	$	540	
8102 Longleaf Pine PY	70204176	$	45	$	540	
847 Orange Branch TL APT IR01	80914007	$	2,100	$	25,200	
87 Kendall Crossing Dr Apt IR01	68090740	$	1,700	$	20,400	
88 Riverfront TL	71731611	$	315	$	3,780	
39 Riverwalk Blvd- Sewer	70602127	$	25	$	300	
Contingency for new accounts		$	147	$	1,764	
Total		$	30,583	$	367,000	

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

Location	Meter Number	Monthly	Annual	
373 Waterfront Dr # Lights	0849527304	$	50	$	600	
43 Secret River PL #Lights	0961173390	$	50	$	600	
66 Foot Bridge Dr #Lights	1840736282	$	85	$	1,020	
158 Chandler Dr #IRR	1948796477	$	50	$	600	
20 Cloverbrook Rd #IRR	1983445246	$	50	$	600	
153 Rawlings Dr #Lights	2027153390	$	90	$	1,080	
53 LANIER ST # LIGHTS	2138829185	$	90	$	1,080	
20 Twin Flower Pl #Entry	2306702586	$	50	$	600	
380 Sternwheel Dr	2961434400	$	285	$	3,420	
1758 Orange Branch Trl	3022429090	$	50	$	600	
49 Indian Grass Dr #IRR	3719284246	$	50	$	600	
47 Narrowleaf Dr # Mail Kiosk	3733493484	$	50	$	600	
595 Rivertown Main St #Lights	4535462172	$	70	$	840	
7306 Longleaf Pine Pkwy #Sign	5262085169	$	17	$	199	
156 Landing St # Lights	5292756029	$	99	$	1,190	
216 Perdido ST Kiosk	5465700168	$	27	$	327	
808 KEYSTONE CORNERS BLVD #IRR	5822774047	$	73	$	879	
459 Kendall Crossing Dr #LGTS	5923894249	$	19	$	224	
385 RUSKIN DR #LTG	6130612309	$	81	$	969	
783 Rivertown Main St. # Lights	6547572179	$	76	$	912	
25 Rafter Tail Ln #Entr	6649873020	$	69	$	827	
8 Mascotte Place	7123229028	$	36	$	432	
131 Rivertown Main St #Lights	7248902178	$	111	$	1,327	
251 Waterfront Dr #Lights	7663646300	$	30	$	360	
427 Rivertown Main St. #Lights	7862742173	$	73	$	879	
71 Landing St #Park	7975970117	$	40	$	480	
147 Chipola Trce #Lights	8461452438	$	40	$	480	
2198 Orange Branche Trl #ENTR	8521892243	$	65	$	780	
686 NARROWLEAF DR # IRR	9067238536	$	35	$	420	
484 INDIAN GRASS DR # IRR	9116255242	$	30	$	360	
109 Rivertown Main St. #Fountains	9328401261	$	1,845	$	22,140	
98 Perdido St #Lights	9390325356	$	25	$	300	
111 Orange Branch Trail	9614703305	$	4,763	$	57,158	
324 Silkgrass PL IRR	9116038283	$	20	$	240	
13 Fawnwood St	1136848288	$	20	$	235	
41 Oak Shadow Place	5656738282	$	15	$	180	
405 Oak Shadow Place	4043348285	$	15	$	180	
Contingency for new accounts		$	107	$	1,281	
Total		$	8,750	$  105,000	

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	Discriotion	Monthly	Annual	

Vesta	
General & Lifestyle Manager	
$7,957	
$95,486	
Total			$95,486	

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

$	3,834	$

46,009

Total	$	46,009

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

Vendor	Discriotion	Monthly	Annual	

Vesta	
Hospitality Staff	
$8,909	
$106,902	
Total			$106,902	

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	
$	97	
$	1,164	
AT&T	Internet	$	82	$	984	
AT&T	TV Service/Phone/Internet	$	300	$	3,600	
AT&T	TV Service/Phone/Internet	$	910	$  10,920	
	Contingency		$	738	
Total			$ 17,406	

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	Discriotion	Monthly	Annual		

Vesta	
General Facility & Common Grounds Maintenance	
$6,378		
$76,541	
Total				$76,541	

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

Vendor	Discriotion	Monthly		Annual	

Vesta	
Pool Maintenance	
$834	
$10,012	
Total			$10,012	

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

Vendor	Discriotion	Monthly	Annual	

Poolsure Poolsure Contingency	
Pool Chemicals Oct-Mar Pool Chemicals Apr-Sept	
$971
$1,585
$222	
$5,826
$9,510
$2,664	
Total			$18,000	

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

Vendor	Discriotion	Monthly	Annual	

Vesta	
Janitorial Services	
$2,584	
$31,003	
Total			$31,003	

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	$	33	$	392	
Contingency		$	108	
Total		$	500	

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

Location	Meter Number	Monthly	Annual	
156 Landing St Club House	0073172207	$	393	$	4,719	
136 Landing St (Tennis)	8675434248	$	1,339	$	16,064	
140 Landing St Fitness	2299084240	$	707	$	8,481	
Contingency for new accounts		$	61	$	736	
Total		$ 2,500	$ 30,000	

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	$580	$6,960	
156 Landing St-Fire Sprinkler		$60	$720	
156 Landing St -Water	70924484	$950	$11,400	
156 Landing St -Water	84310710	$400	$4,800	
156 Landing St -Irrigation	68090752	$2,000	$24,000	
39 Riverwalk Blvd- Sewer	70602127	$80	$960	
88 Riverfront TL-Sewer	73060269	$100	$1,200	
88 Riverfront TL-Water	73060269	$50	$600	
Contingency for new accounts		$113	$1,360	
Total		$4,333	$52,000	

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	
$	1,217	
$	14,604	
Republic Services	Park	$	866	$	10,396	
Total			$	25,000	

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	
$	549	
$	6,588	
Total	$	6,588	

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 General Fund FY23	
		
General Fund Items	Cost	
Buffer Trimming	$	10,000	
Asphalt Trail R&R	$	10,000	
Gym Flooring and Limited Equipment*	$	80,000	
Total	$  100,000	

Rivers Edge CDD Capital Plan FY23	
		
General Items	Cost	
Pool Resurfacing - Family Pool	$	94,646	
Pool Resurfacing - Comp Pool	$	72,317	
Water Fountain (On pool deck)	$	4,300	
Family Pool Filtration Repair	$	35,000	
Audio/Video/Security/Access Control Update	$	40,000	
Gym Flooring and Limited Equipment**	$	-	
Removal of Mound at Riverhouse Playground	$	10,000	
Total	$  256,263	

* This provision can be spent over the next 2 and 1/2 years ($80k each year) to fully fund all refurbishment of the exercise facility.

** To be funded through the Capital Reserve Fund

Rivers Edge
Community Development District	Debt Service Fund Series 2016

	Adopted
Budget	Actual
Thru	Projected
Thru	Adopted
Budget	
Description	FY22	8/31/22	9/30/22	FY 23	

Revenues					
Assessments - Tax Roll/Direct (1)	$711,978	$713,852	$713,852	$711,978	
Assessments - Prepayment	$0	$27,760	$27,760	$0	
Interest Income	$1,000	$1,459	$1,800	$2,000	
Carry Forward Surplus	$291,997	$281,608	$281,608	$310,000	
Total Revenues	$1,004,975	$1,024,679	$1,025,020	$1,023,978	

Expenditures					
Series 2016
Interest 11/1	
$255,140	
$255,010	
$255,010	
$	250,318	
Interest 5/1	$255,140	$255,010	$255,010	$	250,318	
Principal 5/1	$200,000	$200,000	$200,000	$	210,000	
Special Call 5/1	$0	$5,000	$5,000	$	-	
Total Expenses	$710,280	$715,020	$715,020	$710,635	
					
EXCESS REVENUES / (EXPENDITURES)	$294,695	$309,659	$310,000	$313,343	

Interest Payment 11/1/23 $	245,513

(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

17

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/22	$9,840,000		$250,318	$250,318	
05/01/23	$9,840,000	$210,000	$250,318		
11/01/23	$9,630,000		$245,513	$705,830	
05/01/24	$9,630,000	$220,000	$245,513		
11/01/24	$9,410,000		$240,483	$705,995	
05/01/25	$9,410,000	$230,000	$240,483		
11/01/25	$9,180,000		$235,228	$705,710	
05/01/26	$9,180,000	$240,000	$235,228		
11/01/26	$8,940,000		$229,748	$704,975	
05/01/27	$8,940,000	$255,000	$229,748		
11/01/27	$8,685,000		$223,105	$707,853	
05/01/28	$8,685,000	$270,000	$223,105		
11/01/28	$8,415,000		$216,070	$709,175	
05/01/29	$8,415,000	$280,000	$216,070		
11/01/29	$8,135,000		$208,775	$704,845	
05/01/30	$8,135,000	$295,000	$208,775		
11/01/30	$7,840,000		$201,093	$704,868	
05/01/31	$7,840,000	$315,000	$201,093		
11/01/31	$7,525,000		$192,888	$708,980	
05/01/32	$7,525,000	$330,000	$192,888		
11/01/32	$7,195,000		$184,293	$707,180	
05/01/33	$7,195,000	$350,000	$184,293		
11/01/33	$6,845,000		$175,175	$709,468	
05/01/34	$6,845,000	$365,000	$175,175		
11/01/34	$6,480,000		$165,668	$705,843	
05/01/35	$6,480,000	$385,000	$165,668		
11/01/35	$6,095,000		$155,640	$706,308	
05/01/36	$6,095,000	$405,000	$155,640		
11/01/36	$5,690,000		$145,090	$705,730	
05/01/37	$5,690,000	$430,000	$145,090		
11/01/37	$5,260,000		$133,888	$708,978	
05/01/38	$5,260,000	$450,000	$133,888		
11/01/38	$4,810,000		$122,165	$706,053	
05/01/39	$4,810,000	$475,000	$122,165		
11/01/39	$4,335,000		$109,578	$706,743	
05/01/40	$4,335,000	$500,000	$109,578		
11/01/40	$3,835,000		$96,328	$705,905	
05/01/41	$3,835,000	$530,000	$96,328		
11/01/41	$3,305,000		$82,283	$708,610	
05/01/42	$3,305,000	$555,000	$82,283		
11/01/42	$2,750,000		$67,575	$704,858	
05/01/43	$2,750,000	$585,000	$67,575		

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/43	$2,165,000		$52,073	$704,648	
05/01/44	$2,165,000	$620,000	$52,073		
11/01/44	$1,545,000		$35,643	$707,715	
05/01/45	$1,545,000	$655,000	$35,643		
11/01/45	$890,000		$18,285	$708,928	
05/01/46	$890,000	$690,000	$18,285		
11/01/46				$708,285	
		$9,640,000	$7,573,795	$17,213,795	

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

Description	Budget FY22	Thru 8/31/22	Thru 9/30/22	Budget FY 23	

Revenues					
Assessments - Tax Roll/Direct	$470,032	$470,762	$470,762	$470,032	
Interest Income	$1,000	$867	$1,000	$1,500	
Carry Forward Surplus	$200,334	$207,634	$207,634	$184,001	
Total Revenues	$671,366	$679,264	$679,396	$655,533	

Expenditures					
Series 2018					
Interest 11/1	$177,965	$177,965	$177,965	$174,943	
Special Call 11/1	$0	$20,000	$20,000	$0	
Interest 5/1	$177,965	$177,430	$177,430	$174,943	
Principal 5/1	$115,000	$115,000	$115,000	$120,000	
Special Call 5/1	$0	$5,000	$5,000	$0	
Total Expenses	$470,930	$495,395	$495,395	$469,885	
					
EXCESS REVENUES / (EXPENDITURES)	$200,436	$183,869	$184,001	$185,648	

Interest Payment 11/1/23  $	172,483	
		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

11/1/22	$6,575,000		$174,943	$174,943	
5/1/23	$6,575,000	$120,000	$174,943		
11/1/23	$6,455,000		$172,483	$467,425	
5/1/24	$6,455,000	$125,000	$172,483		
11/1/24	$6,330,000		$169,483	$466,965	
5/1/25	$6,330,000	$130,000	$169,483		
11/1/25	$6,200,000		$166,363	$465,845	
5/1/26	$6,200,000	$135,000	$166,363		
11/1/26	$6,065,000		$163,123	$464,485	
5/1/27	$6,065,000	$145,000	$163,123		
11/1/27	$5,920,000		$159,643	$467,765	
5/1/28	$5,920,000	$150,000	$159,643		
11/1/28	$5,770,000		$156,043	$465,685	
5/1/29	$5,770,000	$160,000	$156,043		
11/1/29	$5,610,000		$151,883	$467,925	
5/1/30	$5,610,000	$165,000	$151,883		
11/1/30	$5,445,000		$147,593	$464,475	
5/1/31	$5,445,000	$175,000	$147,593		
11/1/31	$5,270,000		$143,043	$465,635	
5/1/32	$5,270,000	$185,000	$143,043		
11/1/32	$5,085,000		$138,233	$466,275	
5/1/33	$5,085,000	$195,000	$138,233		
11/1/33	$4,890,000		$133,163	$466,395	
5/1/34	$4,890,000	$205,000	$133,163		
11/1/34	$4,685,000		$127,833	$465,995	
5/1/35	$4,685,000	$215,000	$127,833		
11/1/35	$4,470,000		$122,243	$465,075	
5/1/36	$4,470,000	$230,000	$122,243		
11/1/36	$4,240,000		$116,263	$468,505	
5/1/37	$4,240,000	$240,000	$116,263		
11/1/37	$4,000,000		$110,023	$466,285	
5/1/38	$4,000,000	$250,000	$110,023		
11/1/38	$3,750,000		$103,523	$463,545	
5/1/39	$3,750,000	$265,000	$103,523		
11/1/39	$3,485,000		$96,434	$464,956	
5/1/40	$3,485,000	$280,000	$96,434		
11/1/40	$3,205,000		$88,944	$465,378	
5/1/41	$3,205,000	$295,000	$88,944		
11/1/41	$2,910,000		$81,053	$464,996	
5/1/42	$2,910,000	$310,000	$81,053		

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/1/42	$2,600,000		$72,760	$463,813	
5/1/43	$2,600,000	$330,000	$72,760		
11/1/43	$2,270,000		$63,933	$466,693	
5/1/44	$2,270,000	$345,000	$63,933		
11/1/44	$1,925,000		$54,704	$463,636	
5/1/45	$1,925,000	$365,000	$54,704		
11/1/45	$1,560,000		$44,940	$464,644	
5/1/46	$1,560,000	$385,000	$44,940		
11/1/46	$1,175,000		$34,641	$464,581	
5/1/47	$1,175,000	$410,000	$34,641		
11/1/47	$765,000		$23,674	$468,315	
5/1/48	$765,000	$430,000	$23,674		
11/1/48	$335,000		$12,171	$465,845	
5/1/49	$335,000	$455,000	$12,171		
11/1/49				$467,171	
		$6,695,000	$6,058,250	$12,753,250	

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

	Adopted
Budget	Actual
Thru	Projected
Thru	Adopted
Budget	
Description	FY22	8/31/22	9/30/22	FY 23	

Revenues					
Assessments - Tax Roll/Direct	$458,741	$446,168	$458,741	$458,741	
Assessments - Prepayment	$0	$1,639	$1,639	$0	
Interest Income	$500	$794	$1,000	$1,500	
Carry Forward Surplus	$127,062	$119,913	$119,913	$121,827	
Total Revenues	$586,304	$568,514	$581,294	$582,069	

Expenditures					
Series 2018A-1					
Interest 11/1	$56,171	$56,171	$56,171	$54,246	
Special Call 11/1	$0	$5,000	$5,000	$0	
Interest 5/1	$56,171	$56,077	$56,077	$54,246	
Principal 5/1	$155,000	$155,000	$155,000	$155,000	
Special Call 5/1	$0	$5,000	$5,000	$0	
Series 2018A-2					
Interest 11/1	$48,609	$48,609	$48,609	$46,859	
Interest 5/1	$48,609	$48,609	$48,609	$46,859	
Principal 5/1	$80,000	$80,000	$80,000	$85,000	
Special Call 5/1	$0	$5,000	$5,000	$0	
Total Expenses	$444,560	$459,466	$459,466	$442,210	
					
EXCESS REVENUES / (EXPENDITURES)	$141,744	$109,048	$121,827	$139,859	

Series 2018A-1 Interest Payment 11/1/23	
$	
52,308	
Series 2018A-2 Interest Payment 11/1/23  $	45,000 
 $	97,308 	

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	

Rivers Edge
Community Development District
Series 2018A-1 Capital Improvement Refunding Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/01/22			$54,246	$54,246	
05/01/23	$3,200,000	$155,000	$54,246		
11/01/23			$52,308	$261,554	
05/01/24	$3,045,000	$160,000	$52,308		
11/01/24			$50,208	$262,516	
05/01/25	$2,885,000	$165,000	$50,208		
11/01/25			$47,939	$263,148	
05/01/26	$2,720,000	$170,000	$47,939		
11/01/26			$45,389	$263,329	
05/01/27	$2,550,000	$175,000	$45,389		
11/01/27			$42,677	$263,066	
05/01/28	$2,375,000	$180,000	$42,677		
11/01/28			$39,797	$262,474	
05/01/29	$2,195,000	$185,000	$39,797		
11/01/29			$36,675	$261,472	
05/01/30	$2,010,000	$190,000	$36,675		
11/01/30			$33,350	$260,025	
05/01/31	$1,820,000	$200,000	$33,350		
11/01/31			$29,850	$263,200	
05/01/32	$1,620,000	$205,000	$29,850		
11/01/32			$26,263	$261,113	
05/01/33	$1,415,000	$215,000	$26,263		
11/01/33			$22,500	$263,763	
05/01/34	$1,200,000	$220,000	$22,500		
11/01/34			$18,375	$260,875	
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	
		$3,200,000	$1,056,154	$4,256,154	

Rivers Edge
Community Development District
Series 2018A-2 Capital Improvement Refunding Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/21	$2,025,000	$85,000	$48,609	$	48,609	
05/01/22	$2,025,000	$85,000	$48,609		
11/01/22			$46,859	$	46,859	
05/01/23	$1,940,000	$85,000	$46,859		
11/01/23			$45,000	$	176,859	
05/01/24	$1,855,000	$85,000	$45,000		
11/01/24			$43,031	$	173,031	
05/01/25	$1,770,000	$90,000	$43,031		
11/01/25			$41,063	$	174,094	
05/01/26	$1,680,000	$95,000	$41,063		
11/01/26			$38,984	$	175,047	
05/01/27	$1,585,000	$100,000	$38,984		
11/01/27			$36,797	$	175,781	
05/01/28	$1,485,000	$105,000	$36,797		
11/01/28			$34,500	$	176,297	
05/01/29	$1,380,000	$110,000	$34,500		
11/01/29			$31,750	$	176,250	
05/01/30	$1,270,000	$115,000	$31,750		
11/01/30			$28,875	$	175,625	
05/01/31	$1,155,000	$120,000	$28,875		
11/01/31			$25,875	$	174,750	
05/01/32	$1,035,000	$125,000	$25,875		
11/01/32			$22,750	$	173,625	
05/01/33	$910,000	$135,000	$22,750		
11/01/33			$19,375	$	177,125	
05/01/34	$775,000	$140,000	$19,375		
11/01/34			$15,875	$	175,250	
05/01/35	$635,000	$145,000	$15,875		
11/01/35			$12,250	$	173,125	
05/01/36	$490,000	$155,000	$12,250		
11/01/36			$8,375	$	175,625	
05/01/37	$335,000	$165,000	$8,375		
11/01/37			$4,250	$	177,625	
05/01/38	$170,000	$170,000	$4,250		
11/01/38				$	174,250	
		$1,940,000	$911,219	$	2,851,219	

Rivers Edge Community Development District

FY 2023 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 2023
Budget Allocation	FY 2023
Per Unit Net
Assessment	FY 2023
Per Unit Gross Assessment	FY 2022
Per Unit Gross Assessment	Increase Per Unit Gross Assessment	Increase Per Unit Gross Assessment	
Townhomes	0.85	0	0	0	0	0.00%	$0.00	$0.00	$0.00	$0.00	$0.00	0.0%	
Single Familiy - 30' Lot	0.62	21	0	23	14.26	1.03%	$24,538.08	$1,066.87	$1,134.97	$973.96	$161.01	16.5%	
Single Familiy - 40' Lot	0.74	57	173	230	170.2	12.31%	$292,873.87	$1,273.36	$1,354.64	$1,162.47	$192.18	16.5%	
Single Familiy - 45' Lot	0.74	0	302	285	210.9	15.26%	$362,908.93	$1,273.36	$1,354.64	$1,162.47	$192.18	16.5%	
Single Familiy - 50' Lot	0.87	205	14	219	190.53	13.78%	$327,856.98	$1,497.06	$1,592.62	$1,366.68	$225.94	16.5%	
Single Familiy - 55' Lot	0.87	0	264	272	236.64	17.12%	$407,201.37	$1,497.06	$1,592.62	$1,366.68	$225.94	16.5%	
Single Familiy - 60' Lot	1	81	108	189	189	13.67%	$325,224.22	$1,720.76	$1,830.60	$1,570.90	$259.70	16.5%	
Single Familiy - 70' Lot	1.2	102	116	218	261.6	18.93%	$450,151.61	$2,064.92	$2,196.72	$1,885.08	$311.64	16.5%	
Single Familiy - 80' Lot	1.33	10	72	82	109.06	7.89%	$187,666.42	$2,288.61	$2,434.70	$2,089.30	$345.40	16.5%	
Single Familiy - 90' Lot	1.47	0	0	0	0	0.00%	$0.00	$0.00	$0.00	$0.00	$0.00	0	
Total			476  	1049 			1,518  	1,382 	100.00%		$2,378,421 		
FY 2023 Budget:								
Administrative	$199,973							
Field and Grounds	$2,206,550							
Amenity Center	$905,831							
Less: Cost Share RE 2 & 3	($1,209,433)							
Less: Other Income	($49,500)							
Reserves		$325,000 							
		$2,378,421 							

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