Adopted Budget
Fiscal Year 2024

TABLE OF CONTENTS

General Fund

Summary of Revenues and Expenses	Page 1-2

Narrative	Page 3-14

Allocation of Fixed and Variable Costs	Page 15 Debt Service Fund
Bond Series 2016	Page 16-18

Bond Series 2018	Page 19-21

Bond Series 2018A-1/2018A-2	Page 22-24

Capital Reserve Fund	Page 25

	Adopted
Budget	Actual
Thru	Projected	Projected
Thru	Adopted
Budget	
Description	FY23	6/30/23	3 Months	9/30/23	FY24	

Revenues
Assessments	

$	2,378,421	

$	2,387,636	

$	-	

$	2,387,636	

$	2,402,218	
Misc Income/Interest	$	12,000	$	42,271	$	-	$	42,271	$	30,000	
Insurance Proceeds	$	-	$	31,595	$	-	$	31,595	$	-	
Rental Revenue	$	30,000	$	18,917	$	1,083	$	20,000	$	20,000	
Special Events	$	6,000	$	6,476	$	1,000	$	7,476	$	-	
Cost Share Landscaping Rivers Edge II	$	713,588	$	535,191	$	178,397	$	713,588	$	688,424	
Cost Share Landscaping Rivers Edge III	$	179,286	$	134,465	$	44,822	$	179,286	$	162,917	
Cost Share Amenity Rivers Edge III	$	316,559	$	237,419	$	79,140	$	316,559	$	248,626	
Community Garden	$	1,000	$	980	$	20	$	1,000	$	1,000	
Tennis Revenue	$	500	$	2,510	$	1,490	$	4,000	$	4,000	
Carry Forward	$	-	$	-	$	-	$	-	$	27,290	
Total Revenues	$ 3,637,354	$ 3,397,460	$	305,951	$ 3,703,411	$ 3,584,475	

Expenditures						
Administrative Supervisor Fees	
$	12,000	
$	10,800	
$	3,000	
$	13,800	
$	12,000	
FICA Expense	$	918	$	826	$	230	$	1,056	$	918	
District Engineer	$	25,000	$	12,812	$	9,688	$	22,500	$	25,000	
District Counsel	$	55,000	$	35,780	$	19,220	$	55,000	$	55,000	
District Management	$	49,875	$	37,406	$	12,469	$	49,875	$	52,868	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,300	
Dissemination	$	6,100	$	4,975	$	1,125	$	6,100	$	6,466	
Information Technology	$	2,888	$	2,166	$	722	$	2,888	$	3,061	
Website Maintenance	$	1,488	$	1,116	$	372	$	1,488	$	1,577	
Annual Audit	$	5,000	$	4,110	$	-	$	4,110	$	5,100	
Trustee Fees	$	11,000	$	14,770	$	-	$	14,770	$	13,500	
Arbitrage	$	1,800	$	1,200	$	600	$	1,800	$	1,800	
Telephone	$	800	$	387	$	313	$	700	$	800	
Postage	$	1,500	$	739	$	761	$	1,500	$	1,500	
Printing & Binding	$	3,000	$	1,223	$	1,277	$	2,500	$	3,000	
Insurance	$	11,280	$	9,626	$	-	$	9,626	$	11,116	
Legal Advertising	$	4,500	$	331	$	2,250	$	2,581	$	3,500	
Other Current Charges	$	2,500	$	-	$	1,125	$	1,125	$	2,000	
Office Supplies	$	150	$	25	$	15	$	40	$	150	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	199,973	$	143,467	$	53,167	$	196,634	$	204,830	

Grounds Maintenance
Field Operations Management (Vesta)	

$	45,210	

$	36,698	

$	11,304	

$	48,002	

$	37,253	
Landscape Maintenance	$	1,523,000	$	771,307	$	751,693	$	1,523,000	$	1,321,303	
Landscape Contingency	$	60,000	$	96,425	$	3,575	$	100,000	$	60,000	
Irrigation Repairs and Maintenance	$	15,000	$	103,651	$	5,000	$	108,651	$	30,000	
Lake Maintenance	$	56,340	$	33,250	$	7,500	$	40,750	$	56,340	
Irrigation Water Use	$	367,000	$	190,881	$	79,119	$	270,000	$	288,000	
Electric	$	105,000	$	96,723	$	41,277	$	138,000	$	140,000	
Street Lighting & Signage Repairs and Replacements	$	20,000	$	15,269	$	4,231	$	19,500	$	20,000	
Street and Drainage Maintenance	$	5,000	$	-	$	2,500	$	2,500	$	5,000	
Other Repairs and Maintenance	$	10,000	$	17,700	$	-	$	17,700	$	10,000	
Total Grounds Maintenance	$ 2,206,550	$ 1,361,904	$	906,199	$ 2,268,104	$ 1,967,896	

Adopted	Actual	Projected	Projected	Adopted

Description

Budget FY23

Thru
6/30/23	3 Months

Thru 9/30/23

Budget FY24

Amenity Center - River House
General Manager (Vesta)	
$	95,486	
$	77,720	
$	17,766	
$	95,486	
$	48,172	
Amenity Manager (Vesta)	$	18,911	$	14,183	$	4,728	$	18,911	$	19,478	
Maintenance Service (Vesta)	$	76,541	$	60,906	$	15,635	$	76,541	$	78,837	
Lifestyle Director (Vesta)	$	-	$	-	$	-	$	-	$	38,136	
Lifeguards (Vesta)	$	46,009	$	29,778	$	16,232	$	46,009	$	47,390	
Facility Attendant (Vesta)	$	106,902	$	45,086	$	15,363	$	60,449	$	63,291	
Security Monitoring	$	3,500	$	3,463	$	37	$	3,500	$	3,500	
Security Guards	$	75,000	$	69,423	$	5,577	$	75,000	$	75,000	
Telephone	$	17,406	$	10,240	$	2,440	$	12,680	$	14,582	
Insurance	$	52,906	$	86,252	$	-	$	86,252	$	142,002	
Fitness Equipment Lease	$	-	$	28,402	$	-	$	28,402	$	27,921	
Pool Maintenance (Vesta)	$	10,012	$	9,028	$	984	$	10,012	$	10,312	
Janitorial Services/Supplies (Vesta)	$	31,003	$	24,597	$	7,752	$	32,349	$	31,933	
Window Cleaning	$	2,767	$	-	$	2,767	$	2,767	$	2,767	
Pressure Washing	$	40,000	$	-	$	30,000	$	30,000	$	30,000	
Pool Chemicals (Poolsure)	$	18,000	$	15,103	$	2,897	$	18,000	$	19,440	
Natural Gas	$	500	$	277	$	200	$	477	$	510	
Electric	$	30,000	$	24,140	$	14,360	$	38,500	$	37,320	
Water & Sewer	$	52,000	$	34,197	$	17,803	$	52,000	$	53,570	
Repair and Replacements	$	110,000	$	82,911	$	27,089	$	110,000	$	110,000	
Refuse	$	25,000	$	28,120	$	9,300	$	37,420	$	37,200	
Pest Control	$	6,588	$	4,718	$	1,870	$	6,588	$	6,588	
Fire Alarm System Maintenance	$	2,000	$	-	$	2,000	$	2,000	$	2,000	
Access Cards	$	2,000	$	4,184	$	-	$	4,184	$	1,000	
License/Permits	$	1,800	$	1,408	$	292	$	1,700	$	1,800	
Other Current	$	3,500	$	3,508	$	-	$	3,508	$	3,500	
Special Events	$	50,000	$	24,631	$	5,369	$	30,000	$	50,000	
Holiday Decorations	$	11,000	$	12,887	$	-	$	12,887	$	13,500	
Office Supplies/Postage	$	1,500	$	815	$	685	$	1,500	$	1,500	
Capital Expenditure	$	15,000	$	3,950	$	-	$	3,950	$	15,000	
Community Garden	$	500	$	-	$	250	$	250	$	500	
Total Amenity Center Expenses	$	905,831	$	699,926	$	201,396	$	901,322	$	986,749	

General Reserve - Grounds Maintenance	
$	75,000	
$	75,000	
$	-	$	75,000	
$	100,000	
General Reserve - Amenity Center	$	100,000	$	100,000	$	-	$	100,000	$	175,000	
Additional Reserves	$	150,000	$	150,000	$	-	$	150,000	$	150,000	
Total Expenses	$ 3,637,354	$ 2,530,297	$ 1,160,763	$ 3,691,060	$ 3,584,475	
						
Excess Revenues (Expenditures)	$	-	$	867,163	$  (854,811)	$	12,352	$	-	

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.

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.

District Engineer
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.

District Counsel
The District’s legal counsel, Kilinski Van Wyk, PPLC will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

District Management
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.

Assessment Administration
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.

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.

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.

Website Maintenance
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, 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.

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.

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 (Vesta)
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	
$3,104		
$37,253	
Total				$37,253	

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

Landscape Contingency
For additional landscape services and possible storm cleanup.

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

Lake Maintenance
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	
$	4,417	
$  53,000	
	Contingency		$	3,340	
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	$64	$770	
109 Cloverbrook Rd	85557736	$21	$252	
109 Fawnwood	86408611	$284	$3,408	
112 Maybeck Dr	84918378	$21	$252	
121 Cabot Place Apt IR01	85639239	$133	$1,594	
1217 Rivertown Main St	87743256	$1,701	$20,407	
128 Maybeck Dr	84966345	$569	$6,834	
141 Kendall Crossings	86624382	$740	$8,878	
141 Whirlaway Ct	210027239	$109	$1,304	
149 Lanier St Apt IR01	80914013	$723	$8,679	
15 Baya St	71174367	$619	$7,429	
15 Kendall Crossings Dr	88897801	$803	$9,636	
16 Cloverbrook	82157881	$136	$1,632	
1668 Orange Branch TL APT IR01	80529647	$106	$1,278	
17 Baya St	73270055	$31	$371	
1846 Orange Branch Trl	68953528	$782	$9,381	
234 Perdido St	75392334	$23	$277	
252 Rawlings Dr Apt IR01	68090707	$1,140	$13,678	
258 Rivertown Main St	83003077	$649	$7,785	
261 Indian Grass	85083644	$447	$5,360	
262 Chandler Dr APT IR01	86823624	$65	$780	
277 Footbridge Apt IR01	87647651	$28	$332	
29 Rivertown Bv	68090742	$2,461	$29,529	
308 Oak Shadow Pl	88310615	$113	$1,357	
316 Rambling Water Run	67153677	$560	$6,718	
32 Fawnwood	88310637	$70	$834	
324 Silkgrass Pl	87614708	$195	$2,344	
33 Calumet Dr Apt IR01	80575469	$142	$1,710	
341 Calumet Dr Apt IR01	83003074	$343	$4,120	
345 Orange Branch TL APT IR01	84682773	$1,298	$15,581	
366 Sternwheel Dr	86349187	$1,763	$21,156	
373 Waterfront Dr	68090725	$185	$2,217	
386 Perdido St Apt LS01	74759223	$71	$847	
39 Riverwalk Blvd	71731588	$64	$770	
39 Riverwalk Blvd	70602127	$24	$285	
405 Oak Shadow Pl	87386163	$130	$1,559	
407 Yearling BV	78727795	$42	$508	
41 Indian Grass Rd	83547108	$439	$5,273	
41 Oak Shadow Pl	87614709	$198	$2,373	
481 Indian Grass	85083641	$486	$5,831	
49 Fiddlewood Dr	89393736	$71	$856	
498 Narrowleaf Dr Apt IR01	84966365	$229	$2,747	
547 Rivertown Main Street	82400253	$25	$301	
598 Kendall Crossings Dr	83113752	$1,216	$14,594	
674 Sternwheel Dr	72407045	$123	$1,481	
6824 Longleaf Pine PY APT IR01	87614645	$291	$3,498	
7601 Longleaf Pine PY	70204198	$42	$500	
7904 Longleaf Pine PY	71731573	$42	$500	
8102 Longleaf Pine PY	70204176	$42	$500	
847 Orange Branch TL APT IR01	80914007	$950	$11,400	
87 Kendall Crossing Dr Apt IR01	68090740	$1,720	$20,637	
88 Riverfront TL	71731611	$86	$1,029	
Contingency			$16,628	
Total		$22,614	$288,000	

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	$32	$381	
43 Secret River PL #Lights	0961173390	$29	$343	
66 Foot Bridge Dr #Lights	1840736282	$54	$645	
158 Chandler Dr #IRR	1948796477	$26	$312	
20 Cloverbrook Rd #IRR	1983445246	$26	$312	
153 Rawlings Dr #Lights	2027153390	$54	$651	
53 LANIER ST # LIGHTS	2138829185	$57	$680	
20 Twin Flower Pl #Entry	2306702586	$31	$367	
380 Sternwheel Dr	2961434400	$136	$1,627	
1758 Orange Branch Trl	3022429090	$49	$585	
49 Indian Grass Dr #IRR	3719284246	$26	$313	
47 Narrowleaf Dr # Mail Kiosk	3733493484	$27	$319	
595 Rivertown Main St #Lights	4535462172	$53	$632	
7306 Longleaf Pine Pkwy #Sign	5262085169	$28	$340	
156 Landing St # Lights	5292756029	$126	$1,516	
216 Perdido ST Kiosk	5465700168	$34	$403	
808 KEYSTONE CORNERS BLVD #IRR	5822774047	$83	$1,001	
459 Kendall Crossing Dr #LGTS	5923894249	$29	$343	
385 RUSKIN DR #LTG	6130612309	$130	$1,562	
783 Rivertown Main St. # Lights	6547572179	$66	$796	
25 Rafter Tail Ln #Entr	6649873020	$78	$937	
8 Mascotte Place	7123229028	$51	$616	
131 Rivertown Main St #Lights	7248902178	$125	$1,504	
251 Waterfront Dr #Lights	7663646300	$33	$400	
427 Rivertown Main St. #Lights	7862742173	$83	$998	
71 Landing St #Park	7975970117	$29	$352	
147 Chipola Trce #Lights	8461452438	$30	$364	
2198 Orange Branche Trl #ENTR	8521892243	$77	$924	
686 NARROWLEAF DR # IRR	9067238536	$28	$331	
484 INDIAN GRASS DR # IRR	9116255242	$26	$314	
109 Rivertown Main St. #Fountains	9328401261	$2,035	$24,424	
98 Perdido St #Lights	9390325356	$31	$369	
111 Orange Branch Trail	9614703305	$6,268	$75,221	
324 Silkgrass PL IRR	9116038283	$28	$335	
13 Fawnwood St	1136848288	$35	$415	
41 Oak Shadow Place	5656738282	$28	$335	
405 Oak Shadow Place	4043348285	$28	$335	
2346 Rivertown Main St #IRR	8251668029	$47	$566	
2126 Rivertown Main St #IRR	1483458020	$60	$716	
Contingency			17415	
Total		$10,215	$140,000	

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 Manager	
$4,014	
$48,172	
Total			$48,172	

Amenity Manager
The District contracted with Vesta Property Services to provide management services for the Amenity Center.

Maintenance Services
The District has contracted with Vesta Property Services, Inc to provide maintenance and repairs necessary for upkeep of the Amenity Center and common grounds area.

Lifestyle Director
The District has contracted with Vesta Property Services, Inc to provide planning, implementation, and supervision of the day-to-day social, recreational group activities and entertainment for the residents living at the community.

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

$	3,949	$

47,390

Total	$	47,390

Facility Attendant
The District has contracted with Vesta to provide community facility staff for the amenity center to greet patrons, providing facility tours, issuance of access cards and policy enforcement.

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 and Internet services for the Amenity Center provided by AT&T.

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.

Fitness Equipment Lease
The District has contracted with Municipal Asset Management, Inc. to rent fitness equipment.

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

$	859	$

10,312

Total	$	10,312

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	
$2,661	
$31,933	
Total			$31,933	

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

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

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	$	1,255	$	7,530	
Poolsure	Pool Chemicals Apr-Sept	$	1,800	$	10,800	
Contingency			$	1,110	

Total	$	19,440

Natural 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	$	34	$	408	
Contingency		$	102	
Total		$	510	

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

Location	Meter Number	Monthly	Annual	
156 Landing St Club House	0073172207	$320	$3,840	
136 Landing St (Tennis)	8675434248	$1,750	$21,000	
140 Landing St Fitness	2299084240	$890	$10,680	
Contingency for new accounts		$150	$1,800	
Total		$3,110	$37,320	

Water & Sewer
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	$674	$8,090	
156 Landing St-Fire Sprinkler		$48	$580	
156 Landing St -Water	70924484	$856	$10,276	
156 Landing St -Water	84310710	$382	$4,578	
156 Landing St -Irrigation	68090752	$1,332	$15,983	
91 Lanier St.-Water	80913987	$300	$3,599	
91 Lanier St.-Sewer	80913987	$449	$5,383	
39 Riverwalk Blvd- Sewer	70602127	$46	$555	
88 Riverfront TL-Sewer	73060269	$84	$1,009	
88 Riverfront TL-Water	73060269	$43	$516	
Contingency		$250	$3,000	
Total		$4,464	$53,570	

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	
$	1,924	
$	23,092	
Republic Services	Park	$	1,017	$	12,210	
Contingency			$	1,898	
Total			$	37,200	

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	

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.

Holiday Decorations
Represents estimated costs for the District to decorate the Amenity center for the holidays.

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 Reserves
Establishment of general reserve to fund future replacements of Capital items.

Rivers Edge Community Development District FY 2024 Operations and Maintenance Methodology
Equivalent Residential Unit Allocation

Assessments per Unit - Net and Gross

Land Use / Product Type	

ERU
per Unit	

Total Units	

Total ERU's	

%	
FY 2024
Budget Allocation	FY 2024
Per Unit Net Assessment	FY 2024
Per Unit Gross Assessment	FY 2023
Per Unit Gross Assessment	Increase Per Unit Gross Assessment	Increase Per Unit Gross Assessment	
Single Family - 30'-39' Lot	0.62	23	14.26	1.03%	$24,773.19	$1,077.10	$1,145.81	$1,134.97	$10.84	1.0%	
Single Family - 40'-49' Lot	0.74	512	378.88	27.40%	$658,209.50	$1,285.57	$1,367.58	$1,354.64	$12.94	1.0%	
Single Family - 50'-59' Lot	0.87	490	426.3	30.83%	$740,589.93	$1,511.41	$1,607.84	$1,592.62	$15.22	1.0%	
Single Family - 60'-69' Lot	1	194	194	14.03%	$337,026.62	$1,737.25	$1,848.09	$1,830.60	$17.49	1.0%	
Single Family - 70'-79' Lot	1.2	218	261.6	18.92%	$454,464.76	$2,084.70	$2,217.70	$2,196.72	$20.98	1.0%	
Single Family - 80'+ Lot	1.33	81	107.73	7.79%	$187,154.01	$2,310.54	$2,457.96	$2,434.67	$23.29	1.0%	
Total		1,518  	1,383 	100.00%		$2,402,218 		

FY 2024 Budget:

Administrative Field and Grounds Amenity Center

$204,830
$1,967,896
$986,749

Less: Cost Share RE 2 & 3	($1,099,967)	
Less: Other Income	($55,000)	
Less: Carry Forward	($27,290)	
Reserves		$425,000 	
		$2,402,218 	

15

Rivers Edge
Community Development District	Debt Service Fund Series 2016

	Adopted
Budget	Actual
Thru	Projected
Thru	Adopted
Budget	
Description	FY23	6/30/23	9/30/23	FY24	

Revenues					
Assessments - Tax Roll/Direct (1)	$711,978	$713,107	$713,107	$710,248	
Interest Income	$2,000	$18,626	$20,000	$7,500	
Carry Forward Surplus	$310,000	$319,888	$319,888	$308,145	
Total Revenues	$1,023,978	$1,051,621	$1,052,995	$1,025,893	

Expenditures					
Series 2016
Interest 11/1	
$250,318	
$250,318	
$250,318	
$	244,595	
Specials call 11/1	$0	$30,000	$30,000	$	-	
Interest 5/1	$250,318	$249,533	$249,533	$	244,595	
Principal 5/1	$210,000	$210,000	$210,000	$	220,000	
Special Call 5/1	$0	$5,000	$5,000	$	-	
Total Expenses	$710,635	$744,850	$744,850	$709,190	
					
EXCESS REVENUES / (EXPENDITURES)	$313,343	$306,771	$308,145	$316,703	

Interest Payment 11/1/24  $	239,565

(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	

30'-39'	
2	
$991	
$1,982	
40'-49'	265	$991	$262,652	
50'-59'	192	$1,182	$227,028	
60'-69'	73	$1,182	$86,318	
70'-79'	58	$1,665	$96,592	
80'+	43	$1,864	$80,163	
Gross Total	633		$754,736	

Net Annual Assessment	$710,248

Less Disc. + Collections 6%	$44,488

16

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/23	$9,395,000		$244,595	$244,595	
05/01/24	$9,395,000	$220,000	$244,595		
11/01/24	$9,175,000		$239,565	$704,160	
05/01/25	$9,175,000	$230,000	$239,565		
11/01/25	$8,945,000		$234,310	$703,875	
05/01/26	$8,945,000	$240,000	$234,310		
11/01/26	$8,705,000		$228,830	$703,140	
05/01/27	$8,705,000	$255,000	$228,830		
11/01/27	$8,450,000		$222,188	$706,018	
05/01/28	$8,450,000	$265,000	$222,188		
11/01/28	$8,185,000		$215,283	$702,470	
05/01/29	$8,185,000	$280,000	$215,283		
11/01/29	$7,905,000		$207,988	$703,270	
05/01/30	$7,905,000	$295,000	$207,988		
11/01/30	$7,610,000		$200,305	$703,293	
05/01/31	$7,610,000	$310,000	$200,305		
11/01/31	$7,300,000		$192,230	$702,535	
05/01/32	$7,300,000	$330,000	$192,230		
11/01/32	$6,970,000		$183,635	$705,865	
05/01/33	$6,970,000	$345,000	$183,635		
11/01/33	$6,625,000		$174,648	$703,283	
05/01/34	$6,625,000	$365,000	$174,648		
11/01/34	$6,260,000		$165,140	$704,788	
05/01/35	$6,260,000	$385,000	$165,140		
11/01/35	$5,875,000		$155,113	$705,253	
05/01/36	$5,875,000	$405,000	$155,113		
11/01/36	$5,470,000		$144,563	$704,675	
05/01/37	$5,470,000	$425,000	$144,563		
11/01/37	$5,045,000		$133,490	$703,053	
05/01/38	$5,045,000	$450,000	$133,490		
11/01/38	$4,595,000		$121,768	$705,258	
05/01/39	$4,595,000	$475,000	$121,768		
11/01/39	$4,120,000		$109,180	$705,948	
05/01/40	$4,120,000	$500,000	$109,180		
11/01/40	$3,620,000		$95,930	$705,110	
05/01/41	$3,620,000	$525,000	$95,930		
11/01/41	$3,095,000		$82,018	$702,948	
05/01/42	$3,095,000	$555,000	$82,018		
11/01/42	$2,540,000		$67,310	$704,328	
05/01/43	$2,540,000	$585,000	$67,310		
11/01/43	$1,955,000		$51,808	$704,118	
05/01/44	$1,955,000	$620,000	$51,808		

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/44	$1,335,000		$35,378	$707,185	
05/01/45	$1,335,000	$650,000	$35,378		
11/01/45	$685,000		$18,153	$703,530	
05/01/46	$685,000	$685,000	$18,153		
11/01/46				$703,153	
		$9,395,000	$7,046,845	$16,441,845	

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

Description	Budget FY23	Thru 6/30/23	Thru 9/30/23	Budget FY24	

Revenues					
Assessments - Tax Roll/Direct	$470,032	$470,446	$470,446	$468,918	
Prepayments	$0	$12,748	$12,748	$0	
Interest Income	$1,500	$11,267	$14,000	$5,000	
Carry Forward Surplus	$184,001	$186,785	$186,785	$199,095	
Total Revenues	$655,533	$681,247	$683,980	$673,013	

Expenditures					
Series 2018					
Interest 11/1	$174,943	$174,943	$174,943	$172,085	
Interest 5/1	$174,943	$174,943	$174,943	$172,085	
Principal 5/1	$120,000	$120,000	$120,000	$125,000	
Special Call 5/1	$0	$15,000	$15,000	$0	
Total Expenses	$469,885	$484,885	$484,885	$469,170	
					
EXCESS REVENUES / (EXPENDITURES)	$185,648	$196,362	$199,095	$203,843	

Interest Payment 11/1/24  $	169,085

Development	
Units	Gross
Per Unit	Gross
Assessments	

30'-39'	
0	
$0	
$0	
40'-49'	187	$1,122	$209,779	
50'-59'	86	$1,319	$113,424	
60'-69'	37	$1,516	$56,091	
70'-79'	24	$1,819	$43,659	
80'+	9	$2,069	$18,624	
Gross Total	343		$441,576	

Net Annual Assessment	$468,918

Less Disc. + Collections 6%	($27,341)

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/1/23	$6,560,000		$172,085	$172,085	
5/1/24	$6,560,000	$125,000	$172,085		
11/1/24	$6,435,000		$169,085	$466,170	
5/1/25	$6,435,000	$130,000	$169,085		
11/1/25	$6,305,000		$165,965	$465,050	
5/1/26	$6,305,000	$135,000	$165,965		
11/1/26	$6,170,000		$162,725	$463,690	
5/1/27	$6,170,000	$145,000	$162,725		
11/1/27	$6,025,000		$159,245	$466,970	
5/1/28	$6,025,000	$150,000	$159,245		
11/1/28	$5,875,000		$155,645	$464,890	
5/1/29	$5,875,000	$160,000	$155,645		
11/1/29	$5,715,000		$151,485	$467,130	
5/1/30	$5,715,000	$165,000	$151,485		
11/1/30	$5,550,000		$147,195	$463,680	
5/1/31	$5,550,000	$175,000	$147,195		
11/1/31	$5,375,000		$142,645	$464,840	
5/1/32	$5,375,000	$185,000	$142,645		
11/1/32	$5,190,000		$137,835	$465,480	
5/1/33	$5,190,000	$195,000	$137,835		
11/1/33	$4,995,000		$132,765	$465,600	
5/1/34	$4,995,000	$205,000	$132,765		
11/1/34	$4,790,000		$127,435	$465,200	
5/1/35	$4,790,000	$215,000	$127,435		
11/1/35	$4,575,000		$121,845	$464,280	
5/1/36	$4,575,000	$225,000	$121,845		
11/1/36	$4,350,000		$115,995	$462,840	
5/1/37	$4,350,000	$240,000	$115,995		
11/1/37	$4,110,000		$109,755	$465,750	
5/1/38	$4,110,000	$250,000	$109,755		
11/1/38	$3,860,000		$103,255	$463,010	
5/1/39	$3,860,000	$265,000	$103,255		
11/1/39	$3,595,000		$96,166	$464,421	
5/1/40	$3,595,000	$280,000	$96,166		
11/1/40	$3,315,000		$88,676	$464,843	
5/1/41	$3,315,000	$295,000	$88,676		
11/1/41	$3,020,000		$80,785	$464,461	
5/1/42	$3,020,000	$310,000	$80,785		
11/1/42	$2,710,000		$72,493	$463,278	
5/1/43	$2,710,000	$330,000	$72,493		

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/1/43	$2,380,000		$63,665	$466,158	
5/1/44	$2,380,000	$345,000	$63,665		
11/1/44	$2,035,000		$54,436	$463,101	
5/1/45	$2,035,000	$365,000	$54,436		
11/1/45	$1,670,000		$44,673	$464,109	
5/1/46	$1,670,000	$385,000	$44,673		
11/1/46	$1,285,000		$34,374	$464,046	
5/1/47	$1,285,000	$405,000	$34,374		
11/1/47	$880,000		$23,540	$462,914	
5/1/48	$880,000	$430,000	$23,540		
11/1/48	$450,000		$12,038	$465,578	
5/1/49	$450,000	$450,000	$12,038		
11/1/49				$462,038	
		$6,560,000	$5,691,610	$12,251,610	

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

	Adopted
Budget	Actual
Thru	Projected
Thru	Adopted
Budget	
Description	FY23	6/30/23	9/30/23	FY24	

Revenues					
Assessments - Tax Roll/Direct	$458,741	$446,807	$446,807	$444,981	
Interest Income	$1,500	$11,409	$14,000	$5,000	
Carry Forward Surplus	$121,827	$114,109	$114,109	$117,816	
Total Revenues	$582,069	$572,326	$574,916	$567,797	

Expenditures					
Series 2018A-1					
Interest 11/1	$54,246	$54,246	$54,246	$52,214	
Interest 5/1	$54,246	$54,246	$54,246	$52,214	
Principal 5/1	$155,000	$155,000	$155,000	$160,000	
Special Call 5/1	$0	$5,000	$5,000	$0	
Series 2018A-2					
Interest 11/1	$46,859	$46,750	$46,750	$44,516	
Interest 5/1	$46,859	$46,750	$46,859	$44,516	
Principal 5/1	$85,000	$85,000	$85,000	$85,000	
Special Call 5/1	$0	$10,000	$10,000	$0	
Total Expenses	$442,210	$456,991	$457,101	$438,460	
					
EXCESS REVENUES / (EXPENDITURES)	$139,859	$115,334	$117,816	$129,336	

Series 2018A-1 Interest Payment 11/1/24	
$	
50,114	
Series 2018A-2 Interest Payment 11/1/24  $	42,656 
 $	92,771 

Land Use	
Units	Gross Per Unit	Gross Assessments	
30'	21	$647.41	$13,596	
40'	57	$781.41	$44,540	
50'	205	$915.40	$187,657	
60'	83	$1,049.38	$87,099	
70'	100	$1,257.33	$125,733	
80'		10		$1,397.76	$13,978	
Gross Total		476			$472,602	
Less Disc. + Collections 6%	($27,621)

Net Annual Assessment	$444,981

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

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
					
11/01/23			$52,214	$52,214	
05/01/24	$3,040,000	$160,000	$52,214		
11/01/24			$50,114	$262,329	
05/01/25	$2,880,000	$165,000	$50,114		
11/01/25			$47,846	$262,960	
05/01/26	$2,715,000	$170,000	$47,846		
11/01/26			$45,296	$263,141	
05/01/27	$2,545,000	$175,000	$45,296		
11/01/27			$42,583	$262,879	
05/01/28	$2,370,000	$180,000	$42,583		
11/01/28			$39,703	$262,286	
05/01/29	$2,190,000	$185,000	$39,703		
11/01/29			$36,581	$261,284	
05/01/30	$2,005,000	$190,000	$36,581		
11/01/30			$33,256	$259,838	
05/01/31	$1,815,000	$200,000	$33,256		
11/01/31			$29,756	$263,013	
05/01/32	$1,615,000	$205,000	$29,756		
11/01/32			$26,169	$260,925	
05/01/33	$1,410,000	$215,000	$26,169		
11/01/33			$22,406	$263,575	
05/01/34	$1,195,000	$220,000	$22,406		
11/01/34			$18,281	$260,688	
05/01/35	$975,000	$230,000	$18,281		
11/01/35			$13,969	$262,250	
05/01/36	$745,000	$240,000	$13,969		
11/01/36			$9,469	$263,438	
05/01/37	$505,000	$250,000	$9,469		
11/01/37			$4,781	$264,250	
05/01/38	$255,000	$255,000	$4,781		
11/01/38				$259,781	
		$3,040,000	$944,850	$3,984,850	

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

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/23			$44,516	$44,516	
05/01/24	$1,845,000	$85,000	$44,516		
11/01/24			$42,656	$172,172	
05/01/25	$1,760,000	$90,000	$42,656		
11/01/25			$40,688	$173,344	
05/01/26	$1,670,000	$95,000	$40,688		
11/01/26			$38,609	$174,297	
05/01/27	$1,575,000	$100,000	$38,609		
11/01/27			$36,422	$175,031	
05/01/28	$1,475,000	$105,000	$36,422		
11/01/28			$34,125	$175,547	
05/01/29	$1,370,000	$105,000	$34,125		
11/01/29			$31,500	$170,625	
05/01/30	$1,265,000	$115,000	$31,500		
11/01/30			$28,625	$175,125	
05/01/31	$1,150,000	$120,000	$28,625		
11/01/31			$25,625	$174,250	
05/01/32	$1,030,000	$125,000	$25,625		
11/01/32			$22,500	$173,125	
05/01/33	$905,000	$130,000	$22,500		
11/01/33			$19,250	$171,750	
05/01/34	$775,000	$140,000	$19,250		
11/01/34			$15,750	$175,000	
05/01/35	$635,000	$145,000	$15,750		
11/01/35			$12,125	$172,875	
05/01/36	$490,000	$155,000	$12,125		
11/01/36			$8,250	$175,375	
05/01/37	$335,000	$160,000	$8,250		
11/01/37			$4,250	$172,500	
05/01/38	$175,000	$175,000	$4,250		
11/01/38				$179,250	
		$1,845,000	$809,781	$2,654,781	

Community Development District
Capital Reserve Fund Budget

	Adopted
Budget		Actual
Thru		Next		Projected
Thru		Adopted
Budget	
 Description				FY23			  6/30/23			 3  Months 			9/30/23				FY24		
REVENUES:											
Carryforward		$	536,521		$  536,521		$	-		$	536,521		$	808,528	
Interest		$	3,405		$	7,338		$	2,662		$	10,000		$	5,000	
General Reserve - Grounds Maintenance		$	75,000		$	75,000		$	-		$	75,000		$	100,000	
General Reserve - Amenity Center		$	100,000		$  100,000		$	-		$	100,000		$	175,000	
Additional Reserves		$	150,000		$  150,000		$	-		$	150,000		$	150,000	
TOTAL REVENUES		$  864,926		$  868,859		$	2,662		$	871,521		$  1,238,528	

EXPENDITURES:											
Other Current Charges		$	1,000		$	-		$	1,000		$	1,000		$	1,000	
Capital Outlay		$	166,963		$	13,254		$	15,000		$	28,254		$	150,000	
Repair and Replacements		$	-		$	23,740		$	10,000		$	33,740		$	100,000	
TOTAL EXPENDITURES		$  167,963		$	36,994		$	26,000		$	62,994		$	251,000	
											
EXCESS REVENUES (EXPENDITURES)		$  696,963		$  831,866		$	(23,338)		$	808,528		$	987,528