RESOLUTION 2020-04

WHEREAS, the Board of Supervisors, hereinafter referred to as the "Board", of the Rivers Edge II Community Development District, hereinafter referred to as "District", adopted General Fund Budget for fiscal year 2019, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RIVERS EDGE II COMMUNITY DEVELOPMENT DISTRICT TO THE FOLLOWING:

The General Fund Budget is hereby amended in accordance with Exhibit "A" attached.

This resolution shall become effective this 20th day of November 2019 and be reflected in the monthly and fiscal Year End 9/ 30/ 19 Financial Statements and Audit Report of the District

Rivers Edge II
Community Development District

by:	9--=-	-	
Chairman
Attest:
by	-&£i)J
Secretary ,	A-< a 1	hi,.._,,+-

I

Exhibit 'A'

Rivers Edge II
Community Development District FY2019 Budget Amendment #2

Amended FY19	Increase/	Amended FY19	9/30/19
 	Budet	ecrease	Bud et	Actuals	

Revenues		
Developer Contributions	$712,570	$366,548	$1,079,118	$1,079,118	
Cafe Revenue	$145,830	$0	$145,830	$126,187	
Miscellaneous Revenue	$0	$0	$0	$5,266	
Total Revenue	$858,400	$366,548	$1,224,948	$1,210,571	
Expendih1res					
Arlministmtive					
Engineering	$15,000	$10,650	$25,650	$25,650	
Arbitrage	$600	($600)	$0	$0	
Dissemination Agent	$3,500	($3,500)	$0	$0	
Attorney	$20,000	$47,835	$67,835	$67,835	
Annual Audit	$5,000	($2,000)	$3,000	$3,000	
Trustee Fees	$4,000	($4,000)	$0	$0	
Management Fees	$30,000	$7,750	$37,750	$37,750	
Construction Accounting	$3,500	($3,500)	$0	$0	
Information Technology	$1,200	$0	$1,200	$1,200	
Telephone	$300	$0	$300	$0	
Postage	$1,500	$0	$1,500	$0	
Printing & Binding	$1,000	$713	$1,713	$1,713	
Insurance	$5,800	$0	$5,800	$5,000	
Legal Advertising	$4,000	($149)	$3,851	$3,851	
Other Current Charges	$600	$1,919	$2,519	$2,519	
Office Supplies	$1,000	($1,000)	$0	$0	
Dues, Licenses & Subscriptions	$175	$0	$175	$175	
Website design/compliance	$4,500	$0	$4,500	$1,750	
Total Administrative	$101,675	$54,118	$155,793	$150,443	
field Operations					
Cost Share (Roads/Stormwater)	$131,708	$0	$131,708	$131,708	
General & Lifestyle Manager (Vesta)	$62,980	$0	$62,980	$57,732	
Facility/Hospitality Staff (Vesta)	$62,242	$0	$62,242	$57,055	
Field Operations Management (Vesta)	$31,020	$0	$31,020	$27,143	
Community Facility Staff	$27,964	$0	$27,964	$25,634	
Security Monitoring	$5,000	$0	$5,000	$0	
Telephone	$5,000	$6,117	$11,117	$11,117	
Insurance	$44,371	$0	$44,371	$44,371	
Landscape Maintenance	$45,000	$291,925	$336,925	$336,925	
General Facility & Common Grounds Maint	$23,273	$0	$23,273	$19,395	
Pool Maintenance(V esta & Poolsure)	$25,000	($2,920)	$22,080	$22,080	
Pool Chemicals	$10,000	($10,000)	$0	$0	
Lake Maintenance	$0	$600	$600	$600	
Janitorial Services (Vesta)	$29,258	$0	$29,258	$26,820	
Window Cleaning	$3,500	($3,275)	$225	$225	
Propane Gas	$750	($750)	$0	$0	
Electric	$20,000	($3,382)	$16,618	$16,618	

Rivers Edge II
Community Development District FY2019 Budget Amendment #2

Amended FY19	Increase/	Amended FYl9	9/30/19

 	ecrease	Bud  et	Actuals	

Sewer/Water/Irrigation	$30,000	($7,738)	$22,262	$22,262	
Repair and Replacements	$5,000	$29,952	$34,952	$32,583	
Refuse	$5,340	$699	$6,039	$6,039	
Pest Control	$1,140	$325	$1,465	$1,465	
License/Permits	$1,500	($1,500)	$0	$0	
Other Current	$1,000	($1,000)	$0	$0	
Special Events	$10,000	$36,610	$46,610	$46,610	
Landscape Replacements	$500	($500)	$0	$0	
Office Supplies/Postage	$500	$96	$596	$596	
Cafe Costs- Equipment Purchases	$0	$17,802	$17,802	$17,802	
Cafe Costs- labor/foodfbeverage/COGS	$174,678	($40,629)	$134,Q49	$134,049	
Total Field	$756 725	$312,430	$1,069,155	$1,038,826	
Total Expenditures	$858,400	$366,549	$1,224,949	$1,189,270	
Excess Revenues (Expenditures)	 	($0]	($0]	($0]	$21,302