Rivers Edge
Community Development District

Adopted Budget
FY 2027

Presented by:

Table of Contents

3-4

5-11

12-13

14-15

16-18

19

	General Fund

	Narratives

	Debt Service Fund Series 2016

	Debt Service Fund Series 2018

	Debt Service Fund Series 2018 A1 & A2

	Capital Reserve Fund

20		Assessment Schedule

Description

Adopted Budget
FY 2026

Actuals Thru

Projected Next  Projected Thru

6/30/26

	3 Months	

9/30/26

Adopted Budget
FY 2027

REVENUES:		
Special Assessments - On Roll	$	2,748,249	$	2,734,704	$	13,544	$	2,748,247	$	3,050,555	
Misc Income/Interest	28,000	35,955	2,000	37,955	30,000	
Rental Revenue	20,000	17,555	1,500	19,055	20,000	
Cost Share Landscaping Rivers Edge II	313,604	235,203	78,401	313,604	405,372	
Cost Share Amenity Rivers Edge II	2,365	1,774	592	2,365	-	
Cost Share Amenity Rivers Edge III	109,345	82,009	27,336	109,345	35,750	
Community Garden	1,500	1,725	-	1,725	1,500	
Tennis Revenue	1,000	-	-	-	-	
Special Events	20,000	17,052	2,500	19,552	20,000	
Carry Forward	121,800	-	377,878	377,878	-	
TOTAL REVENUES	$ 3,365,863	$ 3,125,976	$	503,751	$ 3,629,727	$ 3,563,177	

EXPENDITURES:						
Administrative						
Supervisor Fees	$	12,000	$	7,200	$	3,000	$	10,200	$	12,000	
FICA Expense	918	551	230	780	918	
District Engineer	25,000	10,226	7,500	17,726	25,000	
District Counsel	60,000	31,593	15,000	46,593	50,000	
District Management	56,040	42,030	14,010	56,040	59,400	
Assessment Roll Administration	5,899	5,899	-	5,899	6,200	
Dissemination Agent	7,197	6,498	699	7,197	7,415	
Information Technology	3,407	2,555	851	3,407	3,500	
Website Maintenance	1,755	1,316	439	1,755	1,825	
Annual Audit	5,300	6,000	-	6,000	6,300	
Trustee Fees	12,500	13,676	-	13,676	12,500	
Arbitrage Rebate	1,800	1,200	600	1,800	1,800	
Telephone	500	150	350	500	500	
Postage	2,500	1,461	1,039	2,500	2,500	
Printing & Binding	2,000	414	1,586	2,000	2,000	
Insurance	12,165	10,918	-	10,918	14,258	
Legal Advertising	2,500	1,320	1,180	2,500	2,500	
Other Current Charges	200	670	500	1,170	1,000	
Office Supplies	50	9	41	50	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	211,905	$	143,862	$	47,023	$	190,885	$	209,841	

Operations & Maintenance						
Grounds Maintenance
Field Operations Management (Vesta)	
$	41,230	
$	30,922	
$	10,308	
$	41,230	
$	43,294	
Landscape Maintenance	1,099,201	824,398	274,803	1,099,201	1,200,000	
Landscape Contingency	107,000	245,198	-	245,198	157,000	
Irrigation Repairs and Maintenance	65,000	104,598	10,000	114,598	100,000	
Lake Maintenance	62,000	44,070	17,930	62,000	63,320	
Irrigation Water Use	260,000	196,342	105,000	301,342	260,000	
Electric	208,300	183,633	60,000	243,633	239,616	
Street Lighting & Signage Repairs and Replacements	45,000	43,507	15,000	58,507	52,000	
Street and Drainage Maintenance	5,000	580	4,420	5,000	5,000	
Repairs and Maintenance	50,000	68,216	15,000	83,216	80,000	
TOTAL GROUNDS MAINTENANCE	$ 1,942,731	$ 1,741,464	$	512,461	$ 2,253,925	$ 2,200,230	

Description

Adopted Budget
FY 2026

Actuals Thru

Projected Next  Projected Thru

6/30/26

	3 Months	

9/30/26

Adopted Budget
FY 2027

Amenity Center - River House
General Manager (Vesta)	
$	48,911	
$	37,981	
$	10,930	
$	48,911	
$	51,354	
Amenity Manager (Vesta)	59,064	44,298	14,766	59,064	59,579	
Maintenance Service (Vesta)	109,188	81,891	27,297	109,188	115,760	
Lifestyle Director (Vesta)	45,342	34,006	11,336	45,342	47,791	
Lifeguards (Vesta)	47,256	23,368	23,888	47,256	50,541	
Guest Services (Vesta)	53,228	39,921	13,307	53,228	56,930	
Security Monitoring	2,400	2,779	800	3,579	2,600	
Security Guards	103,840	84,143	19,697	103,840	104,400	
Telephone & Internet	25,000	8,829	2,400	11,229	13,000	
Insurance	109,782	104,738	-	104,738	109,975	
Fitness Equipment Lease	27,921	27,921	-	27,921	27,921	
Janitorial Services & Supplies (Vesta)	34,748	26,061	8,687	34,748	36,903	
Pressure Washing	5,000	350	1,000	1,350	2,500	
Pool Chemicals (Poolsure)	26,095	15,444	10,651	26,095	28,000	
Natural Gas	590	541	180	721	860	
Electric	39,720	22,889	10,500	33,389	27,500	
Water & Sewer	50,000	40,217	18,000	58,217	46,100	
Repair & Replacements	99,043	113,228	15,000	128,228	100,000	
Refuse	60,800	18,959	6,600	25,559	26,000	
Pest Control	11,000	5,619	2,500	8,119	7,800	
Fire Alarm System Maintenance	2,000	11,632	1,500	13,132	4,500	
Access Cards	6,500	3,950	-	3,950	3,950	
License & Permits	1,800	1,330	470	1,800	1,800	
Other Current	8,000	813	500	1,313	8,000	
Special Events	50,000	45,367	4,633	50,000	50,000	
Holiday Decorations	30,000	26,796	3,204	30,000	30,000	
Office Supplies & Postage	3,500	2,877	623	3,500	3,500	
Community Garden	500	-	500	500	500	
TOTAL AMENITY CENTER - RIVER HOUSE	$ 1,061,228	$	825,950	$	208,968	$ 1,034,917	$ 1,017,763	

Reserves
General Reserve - Grounds Maintenance	

$	75,000	

$	-	

$	75,000	

$	75,000	

$	150,000	
General Reserve - Amenity Center	75,000	-	75,000	75,000	150,000	
TOTAL RESERVES	$	150,000	$	-	$	150,000	$	150,000	$	300,000	
						
TOTAL EXPENDITURES	$ 3,365,863	$ 2,711,275	$	918,452	$ 3,629,727	$ 3,727,834	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	-	-	-	-	164,657	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	164,657	

EXCESS REVENUES (EXPENDITURES)	$	-  $	414,701  $  (414,701)  $	-  $	-

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 access card proceeds from residents and guests 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 have an 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 have an 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 have an 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

Supervisor Fees
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated $200 per meeting that 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, Prime AE Group, 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, PLLC, 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 Securities and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Vendor

GMS

Dissemination Agent

Description

Monthly	Annual
$	583 $	7,000

Disclosure Services

Revised Amortization Schedules

	800 
Total	$	7,800

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 Grau & Associates 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
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 incurred during the year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Dues, 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

$	3,608

$  43,294

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.
	Vendor	Description		Monthly	Annual	
	Florida Waterways, Inc.	Lake Maintenance	$	5,110  $  61,320	
		Contingency		2,000 	
		Total				$ 63,320	
Irrigation/Reclaimed Water							
Estimated costs for irrigation by the District for reuse water billed by JEA.						
	Location
10 Bailey Creek Apr	Meter
87744848	
$	Monthly
311	
$	Annual
3,730	
	109 Cloverbrook Rd	85557736		24		282	
	109 Fawnwood	86408611		128		1,530	
	112 Maybeck Dr	84918378		34		409	
	121 Cabot Place Apt IR01	85639239		90		1,085	
	1217 Rivertown Main St	89735374		644		7,733	
	128 Maybeck Dr	84966345		417		5,003	
	140 Whistling Straits Dr	84332628		516		6,192	
	141 Kendall Crossings	89010656		1,260		15,125	
	141 Whirlaway Ct	210027239		191		2,288	
	149 Lanier St Apt IR01	80914013		511		6,133	
	15 Baya St	89140567		246		2,956	
	15 Kendall Crossings Dr	100717050		1,505		18,063	
	16 Cloverbrook	82157881		85		1,017	
	1668 Orange Branch TL APT IR01	80529647		248		2,974	
	17 Baya St	73270055		24		282	
	1846 Orange Branch Trl	87614666		451		5,417	
	234 Perdido St	81855994		25		298	
	252 Rawlings Dr Apt IR01	100316756		439		5,266	
	258 Rivertown Main St	98497965		311		3,737	
	261 Indian Grass	85083644		868		10,422	
	262 Chandler Dr APT IR01	86823624		54		651	
	277 Footbridge Apt IR01	514012014		32		385	
	29 Rivertown Bv	68090742		1,842		22,107	
	308 Oak Shadow Pl	88310615		48		572	
	316 Rambling Water Run	83459834		434		5,205	
	32 Fawnwood	88310637		47		562	
	324 Silkgrass Pl	87614708		113		1,361	
	33 Calumet Dr Apt IR01	97643961		158		1,893	
	341 Calumet Dr Apt IR01	83003074		166		1,992	
	345 Orange Branch TL APT IR01	84682773		1,197		14,358	
	366 Sternwheel Dr	86349187		1,081		12,969	
	373 Waterfront Dr	94647727		355		4,262	
	386 Perdido St Apt LS01	99145258		65		784	
	39 Riverwalk Blvd	71731588		66		787	
	39 Riverwalk Blvd	70602127		27		330	
	405 Oak Shadow Pl	87386163		220		2,637	
	407 Yearling BV	95047041		48		581	
	41 Indian Grass Rd	89040870		721		8,653	
	41 Oak Shadow Pl	87614709		95		1,139	
	481 Indian Grass	85083641		910		10,925	
	49 Fiddlewood Dr	89393736		32		385	
	498 Narrowleaf Dr Apt IR01	84966365		927		11,122	
	53 Walnut Glen CT APT IR01	92407097		135		1,618	
	547 Rivertown Main Street	82400253		27		322	
	598 Kendall Crossings Dr	83113752		549		6,591	
	674 Sternwheel Dr	72407045		32		385	
	6824 Longleaf Pine PY APT IR01	87614645		38		450	
	72 High Brush Ct Apt IR01	95047214		38		450	
	7601 Longleaf Pine PY	70204198		88		1,052	
	7904 Longleaf Pine PY	93268721		38		450	
	8102 Longleaf Pine PY	70204176		38		450	
	847 Orange Branch TL APT IR01	99436242		200		2,400	
	87 Kendall Crossing Dr Apt IR01	100691769		1,429		17,147	
	88 Riverfront TL	71731611		146		1,749	
	Contingency			1,945	23,335 	
		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	Monthly	Annual	
373 Waterfront Dr # Lights	0849527304	$	35	$	418	
43 Secret River PL #Lights	0961173390	32	384	
66 Foot Bridge Dr #Lights	1840736282	65	780	
158 Chandler Dr #IRR	1948796477	29	348	
20 Cloverbrook Rd #IRR	1983445246	29	344	
153 Rawlings Dr #Lights	2027153390	57	685	
53 LANIER ST # LIGHTS	2138829185	60	718	
20 Twin Flower Pl #Entry	2306702586	30	355	
380 Sternwheel Dr	2961434400	153	1,840	
1758 Orange Branch Trl	3022429090	56	667	
49 Indian Grass Dr #IRR	3719284246	29	345	
47 Narrowleaf Dr # Mail Kiosk	3733493484	29	351	
595 Rivertown Main St #Lights	4535462172	50	597	
7306 Longleaf Pine Pkwy #Sign	5262085169	33	391	
156 Landing St # Lights	5292756029	109	1,305	
216 Perdido ST Kiosk	5465700168	37	441	
808 KEYSTONE CORNERS BLVD #IRR	5822774047	83	995	
459 Kendall Crossing Dr #LGTS	5923894249	31	372	
385 RUSKIN DR #LTG	6130612309	144	1,728	
783 Rivertown Main St. # Lights	6547572179	85	1,025	
25 Rafter Tail Ln #Entr	6649873020	81	976	
8 Mascotte Place	7123229028	54	651	
131 Rivertown Main St #Lights	7248902178	126	1,517	
251 Waterfront Dr #Lights	7663646300	38	456	
427 Rivertown Main St. #Lights	7862742173	87	1,040	
71 Landing St #Park	7975970117	31	375	
147 Chipola Trce #Lights	8461452438	33	399	
2198 Orange Branch Trl #ENTR	8521892243	76	914	
686 NARROWLEAF DR # IRR	9067238536	30	356	
484 INDIAN GRASS DR # IRR	9116255242	29	344	
109 Rivertown Main St. #Fountains	9328401261	2,270	27,238	
98 Perdido St #Lights	9390325356	33	399	
111 Orange Branch Trail	9614703305	15,207	182,488	
324 Silkgrass PL IRR	9116038283	31	369	
13 Fawnwood St	1136848288	31	374	
41 Oak Shadow Place	5656738282	28	339	
405 Oak Shadow Place	4043348285	28	339	
1694 Rivertown Main St #ST LTS	4971027273	203	2,441	
95 Lindenwood Pl #IRR	1279982217	76	915	
Contingency			300	3,600 	
	Total	$  19,968  $ 239,616	
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

$	4,280

$  51,354

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

$	4,212

$  50,541

The District has contracted with Vesta to provide guest service for the amenity center, including greeting patrons, providing facility tours, issuing access cards, and enforcing policy.
Security Monitoring
Maintenance costs of the security alarms/cameras provided by Sonitrol.
Vendor	Description	Monthly	Annual

Sonitrol	Security Monitoring

$	209  $

2,504

Security Guards

Contingency		96 
Total	$	2,600

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	$	5,800  $  69,600	
SJCSO Off Duty	Security Patrols		2,900	34,800 	
	Total	$	8,700  $ 104,400	

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

$	3,075

$  36,903

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	$	1,725  $  10,350	
Poolsure	Pool Chemicals Apr-Sept	2,730	16,377	
	Contingency		1,273 	
	Total	$ 28,000	

Natural Gas
The District is under contract with TECO Peoples Gas to provide gas for the fireplace and gas grills.
Location	Monthly	Annual

156 Landing St

$	68  $

816

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

Contingency		44 
Total	$	860

Water & Sewer

Location	Meter	Monthly	Annual	
156 Landing St Club House	0073172207	$	513	$	6,153	
136 Landing St (Tennis)	8675434248	858	10,298	
140 Landing St Fitness	2299084240	741	8,888	
Contingency		2,162 
Total	$ 27,500

Estimated costs for sewer, water, and irrigation for the amenity center billed to the district by JEA.

Location	Meter	Monthly	Annual	
156 Landing St -Sewer	84310710	$	1,068	$  12,820	
156 Landing St-Fire Sprinkler	67090752	44	533	
156 Landing St -Water	70924484	604	7,251	
156 Landing St -Water	84310710	331	3,972	
156 Landing St -Irrigation	68090752	843	10,114	
91 Lanier St.-Water	80913987	191	2,287	
91 Lanier St.-Sewer	80913987	456	5,467	
39 Riverwalk Blvd- Sewer	70602127	59	703	
88 Riverfront TL-Sewer	73060269	103	1,230	
88 Riverfront TL-Water	73060269	37	446	

Repair & Replacements

Contingency		106	1,277 
Total	$	3,842  $ 46,100

Represents regular cleaning, supplies, and repairs and replacements for District’s Amenity Center.
Refuse Service
Garbage disposal services for the Amenity Centers provided by Republic Services.
Vendor	Description	Monthly	Annual

Republic Services	Clubhouse

$	1,365

$  16,374

Republic Services	Park	672	8,064
	Contingency		1,561 	
	Total	$ 26,000	
Pest Control
The District is contracted with Turner's Pest Control to provide pest control services.			
Vendor	Description	Monthly	Annual	
Turners Pest Control	Pest Control	$	650  $	7,800	
Fire Alarm System Maintenance
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 2026	6/30/26		3 Months		9/30/26	FY 2027	

REVENUES:							

Special Assessments - Tax Roll	
$	709,452	
$	705,909	
$	3,496	
$	709,405	
$	709,404	
Interest Earnings	5,000	20,344	1,500	21,844	5,000	
Carry Forward Surplus (1)	357,500	361,163	-	361,163	380,496	
TOTAL REVENUES	$ 1,071,951	$ 1,087,415	$	4,996	$  1,092,411	$ 1,094,900	

EXPENDITURES:						
Interest - 11/1	$	233,655	$	233,523	$	-	$	233,523	$	227,913	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	233,523	233,393	-	233,393	227,913	
Principal - 5/1	240,000	240,000	-	240,000	250,000	
TOTAL EXPENDITURES	$	707,178	$	711,915	$	-	$	711,915	$	705,825	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	707,178	$	711,915	$	-	$	711,915	$	705,825	
						
EXCESS REVENUES (EXPENDITURES)	$	364,774	$	375,500	$	4,996	$	380,496	$	389,075	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

 $	221,400 

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

Period	Outstanding Balance	
Coupons	
Principal	
Interest	Annual Debt Service	
						
11/01/26	8,670,000	4.5%	-	227,913	227,913	
05/01/27	8,670,000	4.5%	250,000	227,913		
11/01/27	8,420,000	4.5%	-	221,400	699,313	
05/01/28	8,420,000	4.5%	265,000	221,400		
11/01/28	8,155,000	5.2%	-	214,495	700,895	
05/01/29	8,155,000	5.2%	280,000	214,495		
11/01/29	7,875,000	5.2%	-	207,200	701,695	
05/01/30	7,875,000	5.2%	295,000	207,200		
11/01/30	7,580,000	5.2%	-	199,518	701,718	
05/01/31	7,580,000	5.2%	310,000	199,518		
11/01/31	7,270,000	5.2%	-	191,443	700,960	
05/01/32	7,270,000	5.2%	325,000	191,443		
11/01/32	6,945,000	5.2%	-	182,978	699,420	
05/01/33	6,945,000	5.2%	345,000	182,978		
11/01/33	6,600,000	5.2%	-	173,990	701,968	
05/01/34	6,600,000	5.2%	365,000	173,990		
11/01/34	6,235,000	5.2%	-	164,483	703,473	
05/01/35	6,235,000	5.2%	380,000	164,483		
11/01/35	5,855,000	5.2%	-	154,585	699,068	
05/01/36	5,855,000	5.2%	405,000	154,585		
11/01/36	5,450,000	5.3%	-	144,035	703,620	
05/01/37	5,450,000	5.3%	425,000	144,035		
11/01/37	5,025,000	5.3%	-	132,963	701,998	
05/01/38	5,025,000	5.3%	445,000	132,963		
11/01/38	4,580,000	5.3%	-	121,370	699,333	
05/01/39	4,580,000	5.3%	470,000	121,370		
11/01/39	4,110,000	5.3%	-	108,915	700,285	
05/01/40	4,110,000	5.3%	495,000	108,915		
11/01/40	3,615,000	5.3%	-	95,798	699,713	
05/01/41	3,615,000	5.3%	525,000	95,798		
11/01/41	3,090,000	5.3%	-	81,885	702,683	
05/01/42	3,090,000	5.3%	555,000	81,885		
11/01/42	2,535,000	5.3%	-	67,178	704,063	
05/01/43	2,535,000	5.3%	585,000	67,178		
11/01/43	1,950,000	5.3%	-	51,675	703,853	
05/01/44	1,950,000	5.3%	615,000	51,675		
11/01/44	1,335,000	5.3%	-	35,378	702,053	
05/01/45	1,335,000	5.3%	650,000	35,378		
11/01/45	685,000	5.3%	-	18,153	703,530	
05/01/46	685,000	5.3%	685,000	18,153	703,153	
Total			$	8,670,000	$	5,590,700	$	14,973,260	

Adopted Budget
Debt Service Series 2018 Capital Improvement Revenue Bonds

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY 2026	6/30/26		3 Months		9/30/26	FY 2027	

REVENUES:							

Special Assessments Tax Roll	
$	458,917	
$	451,402	
$	2,236	
$	453,638	
$	453,638	
Interest Earnings	5,000	11,111	1,000	12,111	5,000	
Carry Forward Surplus (1)	214,750	222,348	-	222,348	213,922	
TOTAL REVENUES	$	678,667	$	684,861	$	3,236	$	688,097	$	672,559	

EXPENDITURES:

Interest - 11/1	$	164,653	

$	164,653	

$	-	

$	164,653	

$	161,153	
Principal Prepayment - 2/1	-	5,000	-	5,000	-	
Interest - 5/1	164,653	164,523	-	164,523	161,153	
Principal - 5/1	135,000	135,000	-	135,000	140,000	
Principal Prepayment - 5/1	-	5,000	-	5,000	-	
TOTAL EXPENDITURES	$	464,305	$	474,175	$	-	$	474,175	$	462,305	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	464,305	$	474,175	$	-	$	474,175	$	462,305	
						
EXCESS REVENUES (EXPENDITURES)	$	214,362	$	210,686	$	3,236	$	213,922	$	210,254	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

 $	157,793 

AMORTIZATION SCHEDULE
Debt Service Series 2018 Capital Improvement Revenue Bonds

Period	Outstanding Balance	Coupons	Principal		Interest	Annual Debt Service	
							
11/01/26	6,110,000	4.8%			161,153	161,153	
05/01/27	6,110,000	4.8%	140,000		161,153		
11/01/27	5,970,000	4.8%	-		157,793	458,945	
05/01/28	5,970,000	4.8%	150,000		157,793		
11/01/28	5,820,000	5.2%	-		154,193	461,985	
05/01/29	5,820,000	5.2%	155,000		154,193		
11/01/29	5,665,000	5.2%	-		150,163	459,355	
05/01/30	5,665,000	5.2%	165,000		150,163		
11/01/30	5,500,000	5.2%	-		145,873	461,035	
05/01/31	5,500,000	5.2%	175,000		145,873		
11/01/31	5,325,000	5.2%	-		141,323	462,195	
05/01/32	5,325,000	5.2%	180,000		141,323		
11/01/32	5,145,000	5.2%	-		136,643	457,965	
05/01/33	5,145,000	5.2%	190,000		136,643		
11/01/33	4,955,000	5.2%	-		131,703	458,345	
05/01/34	4,955,000	5.2%	200,000		131,703		
11/01/34	4,755,000	5.2%	-		126,503	458,205	
05/01/35	4,755,000	5.2%	215,000		126,503		
11/01/35	4,540,000	5.2%	-		120,913	462,415	
05/01/36	4,540,000	5.2%	225,000		120,913		
11/01/36	4,315,000	5.2%	-		115,063	460,975	
05/01/37	4,315,000	5.2%	235,000		115,063		
11/01/37	4,080,000	5.2%	-		108,953	459,015	
05/01/38	4,080,000	5.2%	250,000		108,953		
11/01/38	3,830,000	5.2%	-		102,453	461,405	
05/01/39	3,830,000	5.4%	265,000		102,453		
11/01/39	3,565,000	5.4%	-		95,364	462,816	
05/01/40	3,565,000	5.4%	275,000		95,364		
11/01/40	3,290,000	5.4%	-		88,008	458,371	
05/01/41	3,290,000	5.4%	290,000		88,008		
11/01/41	3,000,000	5.4%	-		80,250	458,258	
05/01/42	3,000,000	5.4%	310,000		80,250		
11/01/42	2,690,000	5.4%	-		71,958	462,208	
05/01/43	2,690,000	5.4%	325,000		71,958		
11/01/43	2,365,000	5.4%	-		63,264	460,221	
05/01/44	2,365,000	5.4%	345,000		63,264		
11/01/44	2,020,000	5.4%	-		54,035	462,299	
05/01/45	2,020,000	5.4%	360,000		54,035		
11/01/45	1,660,000	5.4%	-		44,405	458,440	
05/01/46	1,660,000	5.4%	380,000		44,405		
11/01/46	1,280,000	5.4%	-		34,240	458,645	
05/01/47	1,280,000	5.4%	405,000		34,240		
11/01/47	875,000	5.4%	-		23,406	462,646	
05/01/48	875,000	5.4%	425,000		23,406		
11/01/48	450,000	5.4%	-		12,038	460,444	
05/01/49	450,000	5.4%	450,000		12,038	462,038	
Total		$	6,110,000	$	4,639,378	$  10,749,378	

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

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
	Description	FY 2026	6/30/26		3 Months		9/30/26	FY 2027	

REVENUES:							

Special Assessments - Tax Roll	
$	444,246	
$	441,831	
$	2,188	
$	444,020	
$	444,020	
Special Assessments - Prepayment	-	6,122	-	6,122	-	
Interest Earnings	5,000	10,686	800	11,486	5,000	
Carry Forward Surplus (1)	110,095	119,930	-	119,930	133,209	
TOTAL REVENUES	$	559,341	$	578,569	$	2,988	$	581,557	$	582,230	

EXPENDITURES:						
Series 2018A-1						
Interest - 11/1	$	47,752	$	47,752	$	-	$	47,752	$	45,108	
Interest - 5/1	47,752	47,752	-	47,752	45,108	
Principal - 5/1	170,000	170,000	-	170,000	175,000	
Principal Prepayment - 5/1	-	5,000	-	5,000	-	
Series 2018A-2						
Interest - 11/1	$	38,984	$	38,984	$	-	$	38,984	$	36,766	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	38,984	38,859	-	38,859	36,766	
Principal - 5/1	90,000	90,000	-	90,000	95,000	
Principal Prepayment - 5/1	-	5,000	-	5,000	-	
TOTAL EXPENDITURES	$	433,473	$	448,348	$	-	$	448,348	$	433,748	

Other Sources/(Uses)	

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	433,473	$	448,348	$	-	$	448,348	$	433,748	
						
EXCESS REVENUES (EXPENDITURES)	$	125,868	$	130,221	$	2,988	$	133,209	$	148,482	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

 $	77,083 

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	2,535,000	3.100%	-	45,108	45,108	
05/01/27	2,535,000	3.100%	175,000	45,108		
11/01/27	2,360,000	3.200%	-	42,396	262,504	
05/01/28	2,360,000	3.200%	180,000	42,396		
11/01/28	2,180,000	3.375%	-	39,516	261,911	
05/01/29	2,180,000	3.375%	185,000	39,516		
11/01/29	1,995,000	3.500%	$-	36,394	260,909	
05/01/30	1,995,000	3.500%	190,000	36,394		
11/01/30	1,805,000	3.500%	-	33,069	259,463	
05/01/31	1,805,000	3.500%	200,000	33,069		
11/01/31	1,605,000	3.500%	-	29,569	262,638	
05/01/32	1,605,000	3.500%	205,000	29,569		
11/01/32	1,400,000	3.500%	-	25,981	260,550	
05/01/33	1,400,000	3.500%	215,000	25,981		
11/01/33	1,185,000	3.750%	-	22,219	263,200	
05/01/34	1,185,000	3.750%	220,000	22,219		
11/01/34	965,000	3.750%	-	18,094	260,313	
05/01/35	965,000	3.750%	230,000	18,094		
11/01/35	735,000	3.750%	-	13,781	261,875	
05/01/36	735,000	3.750%	235,000	13,781		
11/01/36	500,000	3.750%	-	9,375	258,156	
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		
11/01/38	-	3.750%	-	-	259,781	
Total			$	2,535,000	$	640,564	$	3,175,564	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	1,495,000	4.375%	-	36,766	36,766	
05/01/27	1,495,000	4.375%	95,000	36,766		
11/01/27	1,400,000	4.375%	-	34,688	166,453	
05/01/28	1,400,000	4.375%	100,000	34,688		
11/01/28	1,300,000	5.000%	-	32,500	167,188	
05/01/29	1,300,000	5.000%	100,000	32,500		
11/01/29	1,200,000	5.000%	$-	30,000	162,500	
05/01/30	1,200,000	5.000%	110,000	30,000		
11/01/30	1,090,000	5.000%	-	27,250	167,250	
05/01/31	1,090,000	5.000%	115,000	27,250		
11/01/31	975,000	5.000%	-	24,375	166,625	
05/01/32	975,000	5.000%	120,000	24,375		
11/01/32	855,000	5.000%	-	21,375	165,750	
05/01/33	855,000	5.000%	125,000	21,375		
11/01/33	730,000	5.000%	-	18,250	164,625	
05/01/34	730,000	5.000%	130,000	18,250		
11/01/34	600,000	5.000%	-	15,000	163,250	
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		
11/01/38	-	5.000%	-	-	164,000	
Total			$	1,495,000	$	527,156	$	2,022,156	

Adopted Budget Capital Reserve Fund

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY 2026	6/30/26	  3 Months		9/30/26	FY 2027	

REVENUES:						
Interest Income	$	10,000	$	22,404	$	3,000	$	25,404	$	15,000	
General Reserve - Grounds Maintenance	75,000	-	75,000	75,000	150,000	
General Reserve - Amenity Center	75,000	-	75,000	75,000	150,000	
Carryforward	1,126,361	1,261,463	-	1,261,463	1,131,668	
TOTAL REVENUES	$ 1,286,361	$ 1,283,867	$  153,000	$ 1,436,867	$ 1,446,668	

EXPENDITURES:						
RiverHouse Access Control System (C/S)*	$	5,325	$	7,349	$	-	$	7,349	$	24,653	
RiverHouse Painting (C/S)*	32,191	17,570	17,569	35,139	-	
RiverHouse Furniture (C/S)*	28,400	24,567	3,833	28,400	-	
RiverHouse A/C Unit Replacement (C/S)	39,050	-	39,050	39,050	-	
RiverHouse Tennis Court Fencing (C/S)	28,400	-	28,400	28,400	-	
RiverHouse Pool Pump Sand Filtration (C/S)	44,375	-	-	-	-	
Permanent Holiday Lighting (C/S)	27,690	-	-	-	-	
Playground Equipment (C/S)	7,100	-	7,100	7,100	-	
Pocket Parks Equipment Repair/Replacement (C/S)	15,744	-	15,744	15,744	16,315	
Maintenance Golf Cart (C/S)	3,550	-	3,550	3,550	-	
Maintenance Work Truck (C/S)	23,075	22,269	-	22,269	-	
Repair and Replacements*	10,000	192,324	-	192,324	10,000	
Capital Outlay - RiverHouse Pool Repairs (Crown Pools, Inc.)*	-	673,070	-	673,070		
Other Current Charges	1,000	89	200	289	1,000	
RiverHouse Patio Furniture (C/S)	-	-	-	-	10,877	
RiverTown Blvd. Asphalt Resurfacing (C/S)	-	-	-	-	45,319	
NorthLake Park Renovation (C/S)	-	-	-	-	21,753	
RiverTown Blvd. Fencing Replacement (C/S)	-	-	-	-	32,630	
RiverFront Park Parking Lot (C/S)	-	-	-	-	29,004	
RiverTown Entrance Pump/Filtration (C/S)	-	-	-	-	36,255	
Tennis Court Resurfacing (C/S)	-	-	-	-	7,976	
RiverClub Expansion Joint (C/S) Cost Share Reimbursement (C/S)*	-	-	-
(747,484)	-
(747,484)	18,128	
TOTAL EXPENDITURES	$  265,900	$  937,237	$  (632,038)	$  305,199	$  253,910	

Other Sources/(Uses)

Transfer in/(Out)	$	-	$	-	$	-	$	-	$	(164,657)	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$  (164,657)	
						
TOTAL EXPENDITURES	$  265,900	$  937,237	$  (632,038)	$  305,199	$  418,567	
						
EXCESS REVENUES (EXPENDITURES)	$ 1,020,461	$  346,630	$  785,038	$ 1,131,668	$ 1,028,101	
*Pending cost share (C/S) reimbursement						
	Capital Reserve Study					
FY 2027	FY 2027
Description	Reserve Study	Proposed	Variance
Budget		
Reserves Beginning of Year	$  1,580,467	$  1,131,668	
Contributions	443,883	300,000	
Interest Income	74,251	15,000	
Expenditures	(168,082)	(418,567)	
Anticipated Balance	$  1,930,519	$  1,028,101	$	(902,418)	

Rivers Edge
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	
Total Units	Bonds Units 2016	Bonds Units 2018	Bonds Units 2018A1
&A2	
Annual Maintenance Assessments	
	
FY 2027	
FY 2026	
Increase/ (decrease)	

Single Family - 30'-39' Lot	

23	

2	

0	

21	

$1,455.10	

$1,310.90	

$144.20	

11%	
Single Family - 40'-49' Lot	512	268	187	57	$1,736.73	$1,564.62	$172.11	11%	
Single Family - 50'-59' Lot	490	199	86	205	$2,041.83	$1,839.49	$202.34	11%	
Single Family - 60'-69' Lot	194	74	37	83	$2,346.94	$2,114.36	$232.58	11%	
Single Family - 70'-79' Lot	218	60	58	100	$2,816.32	$2,537.23	$279.09	11%	
Single Family - 80'+ Lot	81	43	28	10	$3,121.42	$2,812.09	$309.33	11%	
Total	1518	646	396	476