Rivers Edge

Community Development District

Adopted Budget
FY2026

Presented by:

Table of Contents

1-2

3-9

10-11

12-13

14-16

17

	General Fund

	Narratives

	Debt Service Fund Series 2016

	Debt Service Fund Series 2018

	Debt Service Fund Series 2018 A1 & A2

	Capital Reserve Fund

18		Assessment Schedule

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2025	6/30/25		3 Months		9/30/25	FY 2026	

REVENUES:						
Special Assessments - On Roll	$	2,498,348	$	2,512,650	$	-	$	2,512,650	$	2,748,249	
Misc Income/Interest	30,000	37,769	3,000	40,769	28,000	
Rental Revenue	30,000	16,280	2,500	18,780	20,000	
Cost Share Landscaping Rivers Edge II	801,623	601,217	200,406	801,623	313,604	
Cost Share Landscaping Rivers Edge III	103,480	77,610	25,870	103,480	-	
Cost Share Amenity Rivers Edge II	88,478	66,359	22,119	88,478	2,365	
Cost Share Amenity Rivers Edge III	155,848	116,796	39,052	155,848	109,345	
Community Garden	1,500	1,775	-	1,775	1,500	
Tennis Revenue	1,000	353	647	1,000	1,000	
Special Events	15,000	24,095	5,000	29,095	20,000	
Carry Forward	21,653	-	190,000	190,000	121,800	
TOTAL REVENUES	$ 3,746,930	$ 3,454,904	$	488,594	$ 3,943,498	$ 3,365,863	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	12,000	$	11,600	$	3,000	$	14,600	$	12,000	
FICA Expense	918	887	230	1,117	918	
District Engineer	25,000	9,678	15,322	25,000	25,000	
District Counsel	55,000	25,144	29,856	55,000	60,000	
District Management	56,040	42,030	14,010	56,040	56,040	
Assessment Roll Administration	5,618	5,618	-	5,618	5,899	
Dissemination Agent	6,854	6,041	813	6,854	7,197	
Information Technology	3,244	2,433	811	3,244	3,407	
Website Maintenance	1,671	1,253	418	1,671	1,755	
Annual Audit	5,200	-	5,200	5,200	5,300	
Trustee Fees	12,500	12,408	-	12,408	12,500	
Arbitrage Rebate	1,800	1,200	600	1,800	1,800	
Telephone	500	185	315	500	500	
Postage	1,500	1,462	38	1,500	2,500	
Printing & Binding	3,000	328	2,672	3,000	2,000	
Insurance	11,126	10,300	-	10,300	12,165	
Legal Advertising	2,500	328	2,172	2,500	2,500	
Other Current Charges	500	20	480	500	200	
Office Supplies	100	11	89	100	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	205,246	$	131,102	$	76,025	$	207,127	$	211,905	

Operations & Maintenance						
Grounds Maintenance
Field Operations Management (Vesta)	
$	39,438	
$	29,579	
$	9,860	
$	39,438	
$	41,230	
Landscape Maintenance	1,347,729	808,233	269,412	1,077,645	1,099,201	
Landscape Contingency	61,200	214,234	25,000	239,234	107,000	
Irrigation Repairs and Maintenance	45,000	80,960	10,000	90,960	65,000	
Lake Maintenance	56,340	48,645	7,695	56,340	62,000	
Irrigation Water Use	245,000	176,719	68,281	245,000	260,000	
Electric	158,000	147,653	100,000	247,653	208,300	
Street Lighting & Signage Repairs and Replacements	20,000	50,691	5,000	55,691	45,000	
Street and Drainage Maintenance	5,000	-	5,000	5,000	5,000	
Repairs and Maintenance	18,530	41,666	25,000	66,666	50,000	
TOTAL GROUNDS MAINTENANCE	$ 1,996,237	$ 1,598,379	$	525,248	$ 2,123,627	$ 1,942,731	

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2025	6/30/25		3 Months		9/30/25	FY 2026	

Amenity Center - River House
General Manager (Vesta)	

$	46,793	

$	36,129	

$	10,664	

$	46,793	

$	48,911	
Amenity Manager (Vesta)	29,632	22,224	7,408	29,632	59,064	
Maintenance Service (Vesta)	105,417	79,063	26,354	105,417	109,188	
Lifestyle Director (Vesta)	43,328	32,496	10,832	43,328	45,342	
Lifeguards (Vesta)	43,563	23,117	20,446	43,563	47,256	
Facility Attendant (Vesta)	73,150	54,862	18,288	73,150	-	
Guest Services (Vesta)	-	-	-	-	53,228	
Security Monitoring	3,500	1,878	1,300	3,178	2,400	
Security Guards	100,000	71,732	45,000	116,732	103,840	
Telephone & Internet	38,000	14,410	4,500	18,910	25,000	
Insurance	106,238	99,742	-	99,742	109,782	
Fitness Equipment Lease	27,921	27,921	-	27,921	27,921	
Janitorial Services & Supplies (Vesta)	32,875	24,656	8,219	32,875	34,748	
Pressure Washing	20,000	-	-	-	5,000	
Pool Chemicals (Poolsure)	20,420	17,411	3,009	20,420	26,095	
Natural Gas	410	395	135	530	590	
Electric	37,000	27,673	9,327	37,000	39,720	
Water & Sewer	45,000	41,644	8,356	50,000	50,000	
Repair & Replacements	110,000	118,503	25,000	143,503	99,043	
Refuse	50,000	33,351	30,000	63,351	60,800	
Pest Control	12,000	5,284	3,000	8,284	11,000	
Fire Alarm System Maintenance	2,000	4,271	1,500	5,771	2,000	
Access Cards	3,250	3,250	-	3,250	6,500	
License & Permits	1,800	1,780	20	1,800	1,800	
Other Current	8,000	8,342	2,500	10,842	8,000	
Special Events	50,000	51,652	5,000	56,652	50,000	
Holiday Decorations	20,150	42,525	-	42,525	30,000	
Office Supplies & Postage	3,500	3,430	70	3,500	3,500	
Community Garden	500	9,000	-	9,000	500	
TOTAL AMENITY CENTER - RIVER HOUSE	$ 1,034,447	$	856,741	$	240,928	$ 1,097,669	$ 1,061,228	

Reserves
General Reserve - Grounds Maintenance	

$	100,000	

$	-	

$	100,000	

$	100,000	

$	75,000	
General Reserve - Amenity Center	180,000	-	180,000	180,000	75,000	
Additional Reserves	231,000	-	231,000	231,000	-	
TOTAL RESERVES	$	511,000	$	-	$	511,000	$	511,000	$	150,000	
						
TOTAL EXPENDITURES	$ 3,746,930	$ 2,586,222	$ 1,353,201	$ 3,939,422	$ 3,365,863	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	-	-	-	-	-	
TOTAL OTHER SOURCES/(USES)	$	-  $	-  $	-  $	-	$	-	

EXCESS REVENUES (EXPENDITURES)	$	(0) $	868,682  $  (864,606)  $	4,076  $	(0)

REVENUES

Special Assessments - Tax Roll
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 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.
Cost Share Amenity Rivers Edge II
Mattamy Rivertown LLC and Rivers Edge CDD II agreement to cost share a portion of the maintenance costs for amenities. Cost share is based on future development and estimated costs.
Community Garden
Income received from community garden fees.
Tennis Revenue
Income received from tennis camps.
Special Events
Income received from residents for rental of clubroom or patio and special events deposits.

Expenditures - Administrative

Supervisors Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting in which they attend.
FICA Taxes
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.
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.
Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Assessment Roll Administration
The District has contracted with Governmental Management Services for the certification of the District’s annual maintenance and debt service assessments to the County Tax Collector.
Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Expenditures - Administrative (continued)

Information Technology
Represents costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS, LLC and updated monthly.
Annual Audit
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The District has contracted with Berger Toombs to conduct this annual audit, with the budgeted amount representing the estimated cost.
Trustee Fees
A Trustee at U.S. Bank holds the District’s series 2016, 2018, & 2018A Special Assessment Revenue Bonds. The amount represents the fee for the administration of the District’s bond issue.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation on the District’s Series 2016, 2018, & 2018A Special Assessment Refunding and Revenue Bonds. The District has contracted with Grau and Associates to calculate the rebate liability and submit a report to the District.
Telephone
New internet and Wi-Fi service for Office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon estimated premiums.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Expenditures – Field

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

Landscape Maintenance

Vesta	Field Operation Mgmt

$	3,436

$  41,230

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.

Expenditures – Field (continued)

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
Charles Aquatics	Description
Lake Mainteance	
$	Monthly	Annual
4,470  $  53,640	
	Contingency				2,700 	
	Total			$ 56,340	
Irrigation/Reclaimed Water
Estimated costs for irrigation by the district for reuse water billed by JEA.						
Location
10 Bailey Creek Apr	Meter Number
87744848	
$	Monthly
80	
$	Annual
960	
109 Cloverbrook Rd	85557736		50		600	
109 Fawnwood	86408611		270		3,240	
112 Maybeck Dr	84918378		60		720	
121 Cabot Place Apt IR01	85639239		80		960	
1217 Rivertown Main St	87743256		950		11,400	
128 Maybeck Dr	84966345		1,100		13,200	
140 Whistling Straits Dr	84332628		1,200		14,400	
141 Kendall Crossings	86624382		1,000		12,000	
141 Whirlaway Ct	210027239		100		1,200	
149 Lanier St Apt IR01	80914013		766		9,192	
15 Baya St	71174367		350		4,200	
15 Kendall Crossings Dr	88897801		601		7,212	
16 Cloverbrook	82157881		79		948	
1668 Orange Branch TL APT IR01	80529647		299		3,588	
17 Baya St	73270055		89		1,068	
1846 Orange Branch Trl	68953528		637		7,644	
234 Perdido St	75392334		20		245	
252 Rawlings Dr Apt IR01	68090707		1,500		18,000	
258 Rivertown Main St	83003077		1,136		13,632	
261 Indian Grass	85083644		805		9,660	
262 Chandler Dr APT IR01	86823624		84		1,008	
277 Footbridge Apt IR01	87647651		55		660	
29 Rivertown Bv	68090742		1,383		16,592	
308 Oak Shadow Pl	88310615		91		1,089	
316 Rambling Water Run	67153677		369		4,433	
32 Fawnwood	88310637		50		599	
324 Silkgrass Pl	87614708		43		519	
33 Calumet Dr Apt IR01	80575469		151		1,815	
341 Calumet Dr Apt IR01	83003074		369		4,424	
345 Orange Branch TL APT IR01	84682773		1,292		15,504	
366 Sternwheel Dr	86349187		1,000		12,000	
373 Waterfront Dr	68090725		912		10,944	
386 Perdido St Apt LS01	74759223		100		1,200	
39 Riverwalk Blvd	71731588		120		1,440	
39 Riverwalk Blvd	70602127		80		960	
405 Oak Shadow Pl	87386163		100		1,200	
407 Yearling BV	78727795		100		1,200	
41 Indian Grass Rd	83547108		250		3,000	
41 Oak Shadow Pl	87614709		120		1,440	
481 Indian Grass	85083641		900		10,800	
49 Fiddlewood Dr	89393736		100		1,200	
498 Narrowleaf Dr Apt IR01	84966365		800		9,600	
547 Rivertown Main Street	82400253		59		712	
598 Kendall Crossings Dr	83113752		526		6,312	
674 Sternwheel Dr	72407045		105		1,260	
6824 Longleaf Pine PY APT IR01	87614645		75		900	
7601 Longleaf Pine PY	70204198		40		480	
7904 Longleaf Pine PY	71731573		60		720	
8102 Longleaf Pine PY	70204176		60		720	
847 Orange Branch TL APT IR01	80914007		350		4,200	
87 Kendall Crossing Dr Apt IR01	68090740		400		4,800	
88 Riverfront TL	71731611		300		3,600	
Contingency			50	600 	
Total		$  21,667  $ 260,000	

Expenditures – Field (continued)

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	$	384	
43 Secret River PL #Lights	0961173390	29	352	
66 Foot Bridge Dr #Lights	1840736282	62	749	
158 Chandler Dr #IRR	1948796477	26	316	
20 Cloverbrook Rd #IRR	1983445246	26	312	
153 Rawlings Dr #Lights	2027153390	54	651	
53 LANIER ST # LIGHTS	2138829185	54	646	
20 Twin Flower Pl #Entry	2306702586	25	303	
380 Sternwheel Dr	2961434400	150	1,798	
1758 Orange Branch Trl	3022429090	53	638	
49 Indian Grass Dr #IRR	3719284246	26	312	
47 Narrowleaf Dr # Mail Kiosk	3733493484	27	319	
595 Rivertown Main St #Lights	4535462172	46	550	
7306 Longleaf Pine Pkwy #Sign	5262085169	29	353	
156 Landing St # Lights	5292756029	97	1,164	
216 Perdido ST Kiosk	5465700168	34	408	
808 KEYSTONE CORNERS BLVD #IRR	5822774047	78	935	
459 Kendall Crossing Dr #LGTS	5923894249	28	339	
385 RUSKIN DR #LTG	6130612309	137	1,648	
783 Rivertown Main St. # Lights	6547572179	84	1,006	
25 Rafter Tail Ln #Entr	6649873020	79	945	
8 Mascotte Place	7123229028	52	623	
131 Rivertown Main St #Lights	7248902178	117	1,405	
251 Waterfront Dr #Lights	7663646300	35	421	
427 Rivertown Main St. #Lights	7862742173	83	994	
71 Landing St #Park	7975970117	29	349	
147 Chipola Trce #Lights	8461452438	30	365	
2198 Orange Branch Trl #ENTR	8521892243	75	905	
686 NARROWLEAF DR # IRR	9067238536	28	333	
484 INDIAN GRASS DR # IRR	9116255242	26	313	
109 Rivertown Main St. #Fountains	9328401261	2,033	24,397	
98 Perdido St #Lights	9390325356	30	362	
111 Orange Branch Trail	9614703305	12,651	151,815	
324 Silkgrass PL IRR	9116038283	28	336	
13 Fawnwood St	1136848288	31	377	
41 Oak Shadow Place	5656738282	28	334	
405 Oak Shadow Place	4043348285	28	335	
2346 Rivertown Main St #IRR	8251668029	117	1,407	
2126 Rivertown Main St #IRR	1483458020	67	798	
2804 RIVERTOWN MAIN ST #IRR	6119621099	100	1,200	
161 Palomar DR # IRR	7305570041	28	337	
1694 Rivertown Main St #ST LTS	4971027273	192	2,302	
95 Lindenwood Pl #IRR	1279982217	71	851	
422 Clayborne Ln #IRR	7062381376	26	311	
226 Clayborne Ln #IRR	1499771374	62	747	
578 Clayborne Ln #IRR	0014781371	42	506	
Contingency		171	2,049 
Total	$  17,358  $ 208,300

Street Lighting & Signage Repairs
The estimated costs for street lighting and signage repairs and replacements.
Street and Drainage Maintenance
The estimated costs for street and drainage repairs.
Repairs and Maintenance
Estimated costs for other repairs and maintenance incurred by the district.

Expenditures – Amenity Center

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

Amenity Manager

Vesta	General Manager

$	4,076

$  48,911

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

Guest Services

Vesta	Lifeguards/Pool

$	3,938

$  47,256

The District has contracted with Vesta to provide guest service 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 Dynamic Security.
Vendor	Description		Monthly	Annual	
Sonitrol	Security Monitoring	$	165  $	1,980	
Dynamic Security	Qrt Monitoring		35 	420 	
	Total		$	2,400	
Security Guards
The District has entered into contracts with Giddens Security for security patrols and mileage reimbursement on District property, and with the St. Johns Sheriff’s Office for off-duty patrols.
Vendor	Description		Monthly	Annual	
Giddens Security	Security Patrols	$	4,953  $  59,440	
SJCSO Off Duty	Security Patrols		3,700 	44,400 	
	Total		$ 103,840	

Telephone & Internet
The estimated cost for telephone and Internet services for the Amenity Center provided by Comcast
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 Macrolease to rent fitness equipment.
Janitorial Services & Supplies
The District is under contract with Vesta Property Services, Inc. to provide janitorial cleaning for the Amenity Center.
Vendor	Description	Monthly	Annual

Pressure Washing

Vesta	Janitorial Sv

$	2,896

$  34,748

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  $

1,516  $

9,095

Poolsure	Pool Chemicals Apr-Sept	2,650		15,900 Contingency				1,100 
Total	$ 26,095

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

$	45  $

540

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

Contingence		50 
Total	$	590

Water & Sewer

Location	Meter Number	Monthly	Annual	
156 Landing St Club House	0073172207	$	400	$	4,800	
136 Landing St (Tennis)	8675434248	1,950	23,400	
140 Landing St Fitness	2299084240	900	10,800	
Contingency for new accounts		60	720 
Total	$	3,310  $ 39,720

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	$	700	$	8,400	
156 Landing St-Fire Sprinkler		100	1,200	
156 Landing St -Water	70924484	600	7,200	
156 Landing St -Water	84310710	500	6,000	
156 Landing St -Irrigation	68090752	1,100	13,200	
91 Lanier St.-Water	80913987	200	2,400	
91 Lanier St.-Sewer	80913987	400	4,800	
39 Riverwalk Blvd- Sewer	70602127	160	1,920	
88 Riverfront TL-Sewer	73060269	200	2,400	
88 Riverfront TL-Water	73060269	107	1,280	

Repair & Replacements

Contingency		100	1,200 
Total	$	4,167  $ 50,000

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	$	3,500	$  42,000	
Republic Services	Park	1,550	18,600	
	Contingency			200 	
	Total		$ 60,800	
Pest Control
The District is contracted with Turner’s Pest Control to provide for pest control services.
Vendor	Description	Monthly	Annual

Fire Alarm System Maintenance

Turners Pest Control	Pest Control

$	917

$  11,000

Represents the estimated cost for repairs and maintenance of fire alarm system.
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.

Expenditures – Amenity Center (continued)

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

Expenditures – Reserves

General Reserves
Establishment of general reserve to fund future replacements of capital items.

Adopted Budget
Debt Service Series 2016 Capital Improvement Revenue and Refunding Bonds

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY 2025	6/30/25		3 Months		9/30/25	FY 2026	

REVENUES:							

Special Assessments - Tax Roll	
$	709,452	
$	713,480	
$	-	
$	713,480	
$	709,452	
Interest Earnings	5,000	23,548	3,000	26,548	5,000	
Carry Forward Surplus (1)	327,591	330,291	-	330,291	357,500	
TOTAL REVENUES	$ 1,042,042	$ 1,067,320	$	3,000	$  1,070,320	$ 1,071,951	

EXPENDITURES:						
Interest - 11/1	$	238,910	$	238,910	$	-	$	238,910	$	233,655	
Interest - 5/1	238,910	238,910	-	238,910	233,523	
Principal - 5/1	230,000	230,000	-	230,000	240,000	
Principal Prepayment - 5/1	-	5,000	-	5,000	-	
TOTAL EXPENDITURES	$	707,820	$	712,820	$	-	$	712,820	$	707,178	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	707,820	$	712,820	$	-	$	712,820	$	707,178	
						
EXCESS REVENUES (EXPENDITURES)	$	334,222	$	354,500	$	3,000	$	357,500	$	364,774	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

 $	228,175 

AMORTIZATION SCHEDULE
Debt Service Series 2016 Capital Improvement Revenue and Refunding Bonds

Period	Outstanding Balance	
Coupons	
Principal	
Interest	Annual Debt Service	
						
11/01/25	$	8,915,000	4.5% / 5.3%	$	233,655	$	233,655	
05/01/26	8,915,000	4.5% / 5.3%	$	240,000	233,523		
11/01/26	8,675,000	4.5% / 5.3%		228,175	701,698	
05/01/27	8,675,000	5.2% / 5.3%	250,000	228,175		
11/01/27	8,425,000	5.2% / 5.3%		221,663	699,838	
05/01/28	8,425,000	5.2% / 5.3%	265,000	221,530		
11/01/28	8,160,000	5.2% / 5.3%		214,625	701,155	
05/01/29	8,160,000	5.2% / 5.3%	280,000	214,625		
11/01/29	7,880,000	5.2% / 5.3%		207,330	701,955	
05/01/30	7,880,000	5.2% / 5.3%	295,000	207,330		
11/01/30	7,585,000	5.2% / 5.3%		199,648	701,978	
05/01/31	7,585,000	5.2% / 5.3%	310,000	199,648		
11/01/31	7,275,000	5.2% / 5.3%		191,573	701,220	
05/01/32	7,275,000	5.2% / 5.3%	325,000	191,573		
11/01/32	6,950,000	5.2% / 5.3%		183,240	699,813	
05/01/33	6,950,000	5.2% / 5.3%	345,000	183,240		
11/01/33	6,605,000	5.2% / 5.3%		174,253	702,493	
05/01/34	6,605,000	5.2% / 5.3%	365,000	174,253		
11/01/34	6,240,000	5.2% / 5.3%		164,745	703,998	
05/01/35	6,240,000	5.2% / 5.3%	385,000	164,745		
11/01/35	5,855,000	5.2% / 5.3%		154,718	704,463	
05/01/36	5,855,000	5.2% / 5.3%	405,000	154,718		
11/01/36	5,450,000	5.2% / 5.3%		144,168	703,885	
05/01/37	5,450,000	5.2% / 5.3%	425,000	144,168		
11/01/37	5,025,000	5.2% / 5.3%		133,095	702,263	
05/01/38	5,025,000	5.2% / 5.3%	440,000	133,095		
11/01/38	4,585,000	5.3%		121,503	694,598	
05/01/39	4,585,000	5.3%	475,000	121,503		
11/01/39	4,110,000	5.3%		108,915	705,418	
05/01/40	4,110,000	5.3%	500,000	108,915		
11/01/40	3,610,000	5.3%		95,665	704,580	
05/01/41	3,610,000	5.3%	525,000	95,665		
11/01/41	3,085,000	5.3%		81,753	702,418	
05/01/42	3,085,000	5.3%	555,000	81,753		
11/01/42	2,530,000	5.3%		67,045	703,798	
05/01/43	2,530,000	5.3%	585,000	67,045		
11/01/43	1,945,000	5.3%		51,543	703,588	
05/01/44	1,945,000	5.3%	620,000	51,543		
11/01/44	1,325,000	5.3%		35,378	706,920	
05/01/45	1,325,000	5.3%	650,000	35,378		
11/01/45	675,000	5.3%		18,153	703,530	
05/01/46	675,000	5.3%	675,000	18,153	693,153	
Total			$	8,915,000  $	6,061,410	$  14,976,410	

Adopted Budget
Debt Service Series 2018 Capital Improvement Revenue Bonds

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY 2025	6/30/25		3 Months		9/30/25	FY 2026	

REVENUES:							

Special Assessments Tax Roll	
$	456,295	
$	458,917	
$	-	
$	458,917	
$	458,917	
Special Assessments - Prepayment	-	34,247	-	34,247		
Interest Earnings	5,000	13,919	1,500	15,419	5,000	
Carry Forward Surplus (1)	203,962	214,779	-	214,779	214,750	
TOTAL REVENUES	$	665,258	$	721,863	$	1,500	$	723,363	$	678,667	

EXPENDITURES:

Interest - 11/1	$	168,955	

$	168,955	

$	-	

$	168,955	

$	164,653	
Principal Prepayment - 2/1	-	5,000	-	5,000	-	
Interest - 5/1	168,955	168,835	-	168,835	164,653	
Principal - 5/1	130,000	130,000	-	130,000	135,000	
Principal Prepayment - 5/1	-	40,000	-	40,000	-	
TOTAL EXPENDITURES	$	467,910	$	512,790	$	-	$	512,790	$	464,305	

Other Sources/(Uses)						
Interfund transfer In/(Out)	$	-	$	4,178	$	-	$	4,178	$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	4,178	$	-	$	4,178	$	-	
						
TOTAL EXPENDITURES	$	467,910	$	508,612	$	-	$	508,612	$	464,305	
						
EXCESS REVENUES (EXPENDITURES)	$	197,348	$	213,250	$	1,500	$	214,750	$	214,362	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

 $	161,413 

AMORTIZATION SCHEDULE
Debt Service Series 2018 Capital Improvement Revenue Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/25	$	6,255,000	4.800%		$	164,653	$	164,653	
05/01/26	6,255,000	4.800% $	135,000		164,653		
11/01/26	6,120,000	4.800%			161,413	461,065	
05/01/27	6,120,000	4.800%	140,000		161,413		
11/01/27	5,980,000	4.800%			158,053	459,465	
05/01/28	5,980,000	4.800%	150,000		158,053		
11/01/28	5,830,000	5.200%			154,453	462,505	
05/01/29	5,830,000	5.200%	155,000		154,453		
11/01/29	5,675,000	5.200%			150,423	459,875	
05/01/30	5,675,000	5.200%	165,000		150,423		
11/01/30	5,510,000	5.200%			146,133	461,555	
05/01/31	5,510,000	5.200%	175,000		146,133		
11/01/31	5,335,000	5.200%			141,583	462,715	
05/01/32	5,335,000	5.200%	185,000		141,583		
11/01/32	5,150,000	5.200%			136,773	463,355	
05/01/33	5,150,000	5.200%	190,000		136,773		
11/01/33	4,960,000	5.200%			131,833	458,605	
05/01/34	4,960,000	5.200%	205,000		131,833		
11/01/34	4,755,000	5.200%			126,503	463,335	
05/01/35	4,755,000	5.200%	215,000		126,503		
11/01/35	4,540,000	5.200%			120,913	462,415	
05/01/36	4,540,000	5.200%	225,000		120,913		
11/01/36	4,315,000	5.200%			115,063	460,975	
05/01/37	4,315,000	5.200%	235,000		115,063		
11/01/37	4,080,000	5.200%			108,953	459,015	
05/01/38	4,080,000	5.200%	250,000		108,953		
11/01/38	3,830,000	5.350%			102,453	461,405	
05/01/39	3,830,000	5.350%	265,000		102,453		
11/01/39	3,565,000	5.350%			95,364	462,816	
05/01/40	3,565,000	5.350%	275,000		95,364		
11/01/40	3,290,000	5.350%			88,008	458,371	
05/01/41	3,290,000	5.350%	290,000		88,008		
11/01/41	3,000,000	5.350%			80,250	458,258	
05/01/42	3,000,000	5.350%	310,000		80,250		
11/01/42	2,690,000	5.350%			71,958	462,208	
05/01/43	2,690,000	5.350%	325,000		71,958		
11/01/43	2,365,000	5.350%			63,264	460,221	
05/01/44	2,365,000	5.350%	345,000		63,264		
11/01/44	2,020,000	5.350%			54,035	462,299	
05/01/45	2,020,000	5.350%	360,000		54,035		
11/01/45	1,660,000	5.350%			44,405	458,440	
05/01/46	1,660,000	5.350%	380,000		44,405		
11/01/46	1,280,000	5.350%			34,240	458,645	
05/01/47	1,280,000	5.350%	405,000		34,240		
11/01/47	875,000	5.350%			23,406	462,646	
05/01/48	875,000	5.350%	425,000		23,406		
11/01/48	450,000	5.350%			12,038	460,444	
05/01/49	450,000	5.350%	450,000		12,038	462,038	
Total		$	6,255,000	$	4,972,323	$  11,227,323	

Adopted Budget
Debt Service Series 2018A1 & A2 Capital Improvement Revenue Bonds

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY 2025	6/30/25		3 Months		9/30/25	FY 2026	

REVENUES:							

Special Assessments - Tax Roll	
$	444,246	
$	446,570	
$	-	
$	446,570	
$	444,246	
Interest Earnings	5,000	13,996	1,000	14,996	5,000	
Carry Forward Surplus (1)	152,151	158,617	-	158,617	110,095	
TOTAL REVENUES	$	601,397	$	619,183	$	1,000	$	620,183	$	559,341	

EXPENDITURES:						
Series 2018A-1						
Interest - 11/1	$	50,114	$	50,114	$	-	$	50,114	$	47,752	
Principal Prepayment - 11/1		5,000	-	5,000	-	
Interest - 5/1	50,114	50,021	-	50,021	47,752	
Principal - 5/1	165,000	165,000	-	165,000	170,000	
Series 2018A-2						
Interest - 11/1	$	42,531	$	42,531	$	-	$	42,531	$	38,984	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	42,531	42,422	-	42,422	38,984	
Principal - 5/1	90,000	90,000	-	90,000	90,000	
Principal Prepayment - 5/1	-	60,000	-	60,000	-	
TOTAL EXPENDITURES	$	440,291	$	510,088	$	-	$	510,088	$	433,473	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	440,291	$	510,088	$	-	$	510,088	$	433,473	
						
EXCESS REVENUES (EXPENDITURES)	$	161,106	$	109,095	$	1,000	$	110,095	$	125,868	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

 $	82,218 

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	$	2,710,000	2.750%	$	47,752	$	47,752	
05/01/26	2,710,000	3.000% $	170,000	47,752		
11/01/26	2,540,000	3.000%		45,202	262,954	
05/01/27	2,540,000	3.100%	175,000	45,202		
11/01/27	2,365,000	3.100%		42,489	262,691	
05/01/28	2,365,000	3.200%	180,000	42,489		
11/01/28	2,185,000	3.200%		39,609	262,099	
05/01/29	2,185,000	3.375%	185,000	39,609		
11/01/29	2,000,000	3.375%		36,488	261,097	
05/01/30	2,000,000	3.500%	190,000	36,488		
11/01/30	1,810,000	3.500%		33,163	259,650	
05/01/31	1,810,000	3.500%	200,000	33,163		
11/01/31	1,610,000	3.500%		29,663	262,825	
05/01/32	1,610,000	3.500%	205,000	29,663		
11/01/32	1,405,000	3.500%		26,075	260,738	
05/01/33	1,405,000	3.500%	215,000	26,075		
11/01/33	1,190,000	3.500%		22,313	263,388	
05/01/34	1,190,000	3.750%	220,000	22,313		
11/01/34	970,000	3.750%		18,188	260,500	
05/01/35	970,000	3.750%	230,000	18,188		
11/01/35	740,000	3.750%		13,875	262,063	
05/01/36	740,000	3.750%	240,000	13,875		
11/01/36	500,000	3.750%		9,375	263,250	
05/01/37	500,000	3.750%	245,000	9,375		
11/01/37	255,000	3.750%		4,781	259,156	
05/01/38	255,000	3.750%	255,000	4,781	259,781	
Total		$	2,710,000  $	737,943	$	3,447,943	

AMORTIZATION SCHEDULE
Debt Service Series 2018A2 Capital Improvement Revenue Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/25	$	1,595,000	4.375%	$	38,984	$	38,984	
05/01/26	1,595,000	4.375% $	90,000	38,984		
11/01/26	1,505,000	4.375%		37,016	166,000	
05/01/27	1,505,000	4.375%	95,000	37,016		
11/01/27	1,410,000	4.375%		34,938	166,953	
05/01/28	1,410,000	4.375%	100,000	34,938		
11/01/28	1,310,000	4.375%		32,750	167,688	
05/01/29	1,310,000	5.000%	105,000	32,750		
11/01/29	1,205,000	5.000%		30,125	167,875	
05/01/30	1,205,000	5.000%	110,000	30,125		
11/01/30	1,095,000	5.000%		27,375	167,500	
05/01/31	1,095,000	5.000%	115,000	27,375		
11/01/31	980,000	5.000%		24,500	166,875	
05/01/32	980,000	5.000%	120,000	24,500		
11/01/32	860,000	5.000%		21,500	166,000	
05/01/33	860,000	5.000%	125,000	21,500		
11/01/33	735,000	5.000%		18,375	164,875	
05/01/34	735,000	5.000%	135,000	18,375		
11/01/34	600,000	5.000%		15,000	168,375	
05/01/35	600,000	5.000%	140,000	15,000		
11/01/35	460,000	5.000%		11,500	166,500	
05/01/36	460,000	5.000%	145,000	11,500		
11/01/36	315,000	5.000%		7,875	164,375	
05/01/37	315,000	5.000%	155,000	7,875		
11/01/37	160,000	5.000%		4,000	166,875	
05/01/38	160,000	5.000%	160,000	4,000	164,000	
Total		$	1,595,000  $	607,875	$	2,202,875	

Adopted Budget Capital Reserve Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2025	6/30/25		3 Months		9/30/25	FY 2026	

REVENUES:						
Interest Income	$	10,000	$	28,710	$	2,000	$	30,710	$	10,000	
General Reserve - Grounds Maintenance	100,000	-	100,000	100,000	75,000	
General Reserve - Amenity Center	180,000	-	180,000	180,000	75,000	
Additional Reserves	231,000	-	231,000	231,000	-	
Carryforward	1,202,089	1,229,639	-	1,229,639	1,357,361	
TOTAL REVENUES	$ 1,723,089	$ 1,258,349	$	513,000	$ 1,771,349	$ 1,517,361	

EXPENDITURES:						
RiverHouse Access Control System (C/S)	$	-	$	-	$	-	$	-	$	5,325	
RiverHouse Painting (C/S)	-	-	-	-	32,191	
RiverHouse Furniture (C/S)	-	-	-	-	28,400	
RiverHouse A/C Unit Replacement (C/S)	-	-	-	-	39,050	
RiverHouse Tennis Court Fencing (C/S)	-	-	-	-	28,400	
RiverHouse Pool Pump Sand Filtration (C/S)	-	-	-	-	44,375	
Permanent Holiday Lighting (C/S)	-	-	-	-	27,690	
Playground Equipment (C/S)	-	-	-	-	7,100	
Pocket Parks Equipment Repair/Replacement (C/S)	-	-	-	-	15,744	
Maintenance Golf Cart (C/S)	-	-	-	-	3,550	
Maintenance Work Truck (C/S)	-	-	-	-	23,075	
Repair and Replacements	100,000	62,453	37,547	100,000	10,000	
Capital Outlay	150,000	288,456	25,000	313,456	-	
Other Current Charges	1,000	32	500	532	1,000	
TOTAL EXPENDITURES	$	251,000	$	350,941	$	63,047	$	413,988	$	265,900	

Other Sources/(Uses)						

Transfer in/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	251,000	$	350,941	$	63,047	$	413,988	$	265,900	
						
EXCESS REVENUES (EXPENDITURES)	$ 1,472,089	$	907,408	$	449,953	$ 1,357,361	$ 1,251,461	

Capital Reserve Study	

General	
Description	FY 2026 Reserve Study	
Reserves Beginning of Year	$	1,091,975	
Contributions	439,488	
Interest Income	60,787	
Expenditures	(11,783)	
Anticipated Balance	$	1,580,467	
		
Description	Proposed Budget FY 2026	
Reserves Beginning of Year	$	1,357,361	
Contributions	150,000	
Interest Income	10,000	
Expenditures	(265,900)	
Anticipated Balance	$	1,251,461	
		
Variance Reserve Study Vs Actual	$  (329,006)	

Rivers Edge
Community Development District
Non-Ad Valorem Assessments Comparison 2025-2026

Neighborhood	
Total Units	Bonds Units 2016	Bonds Units 2018	Bonds Units 2018A1
&A2	
Annual Maintenance Assessments	
Annual Debt Assessments	
	
FY 2026	
FY 2025	
Increase/ (decrease)	
FY 2026	
FY 2026	
FY 2026	
FY 2025	
FY 2025	
FY 2025	Increase/ (decrease)	
					
Series 2016	
Series 2018	Series 2018A1&A2	
Series 2016	
Series 2018	Series 2018A1&A2	
Total	

Single Family - 30'-39' Lot	

23	

2	

0	

21	

$1,310.90	

$1,191.70	

$119.20	

10.00%	

$991.14	

$0.00	

$647.41	

$991.14	

$0.00	

$647.41	

$0.00	
Single Family - 40'-49' Lot	512	265	187	57	$1,564.62	$1,422.35	$142.27	10.00%	$991.14	$1,121.81	$781.41	$991.14	$1,121.81	$781.41	$0.00	
Single Family - 50'-59' Lot	490	192	86	205	$1,839.49	$1,672.22	$167.27	10.00%	$1,182.44	$1,318.88	$915.40	$1,182.44	$1,318.88	$915.40	$0.00	
Single Family - 60'-69' Lot	194	73	37	83	$2,114.36	$1,922.10	$192.26	10.00%	$1,182.44	$1,515.96	$1,049.38	$1,182.44	$1,515.96	$1,049.38	$0.00	
Single Family - 70'-79' Lot	218	58	24	100	$2,537.23	$2,306.52	$230.71	10.00%	$1,665.38	$1,819.15	$1,257.33	$1,665.38	$1,819.15	$1,257.33	$0.00	
Single Family - 80'+ Lot	81	43	9	10	$2,812.09	$2,556.39	$255.71	10.00%	$1,864.25	$2,069.32	$1,397.76	$1,864.25	$2,069.32	$1,397.76	$0.00	
Total	1518	633	343	476