RESOLUTION 2022-01

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 a General Fund Budget for Fiscal Year 2021, 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 October, 2021 and be reflected in the monthly and Fiscal Year End 9/30/21 Financial Statements and Audit Report of the District.

Rivers Edge II

Community Development District

Attest:

by:		 Chairman / Vice Chairman

by:		 Secretary / Assistant Secretary

RIVERS EDGE II CDD RESOLUTION 2022-01
EXHIBIT A

Revenues		
Assessments- Roll	$126,230	$0	$126,230	$126,516	
Assessments- Direct	$64,070	$0	$64,070	$62,420	
Developer Contributions	$1,129,450	$180,351	$1,309,801	$1,347,149	
Café Revenues	$200,000	$214,317	$414,317	$414,317	
Special Events	$7,000	($4,650)	$2,350	$2,350	
Miscellaneous Income/Interest Income	$0	$2,941	$2,941	$2,941	
Total Revenues	$1,526,751	$392,959	$1,919,709	$1,955,692	

Expenditures					
Administrative					
Engineering	$15,000	$0	$15,000	$4,661	
Arbitrage	$600	$0	$600	$600	
Dissemination Agent	$3,500	$1,042	$4,542	$4,542	
Attorney	$22,244	$24,089	$46,333	$39,333	
Annual Audit	$5,000	($300)	$4,700	$4,700	
Trustee Fees	$4,000	($2,459)	$1,541	$1,541	
Management Fees	$30,000	$0	$30,000	$30,000	
Construction Accounting	$3,500	($3,500)	$0	$0	
Information Technology	$1,200	$0	$1,200	$1,200	
Telephone	$300	$0	$300	$131	
Postage	$1,500	($900)	$600	$180	
Printing & Binding	$1,500	($200)	$1,300	$1,031	
Insurance	$5,638	($513)	$5,125	$5,125	
Legal Advertising	$4,000	($1,000)	$3,000	$2,757	
Other Current Charges	$750	($0)	$750	$636	
Office Supplies	$850	($650)	$200	$103	
Dues, Licenses & Subscriptions	$175	$0	$175	$175	
Website design/compliance	$4,500	$0	$4,500	$4,500	
Total Administrative	$104,257	$15,609	$119,866	$101,215	

Grounds Maintenance					
Cost Share Landscaping- Rivers Edge	$549,948	$0	$549,948	$549,948	
Field Operations Management (Vesta)	$31,673	$0	$31,673	$31,673	
Landscape Maintenance	$164,546	$85,454	$250,000	$233,891	
Lake Maintenance	$0	$14,629	$14,629	$14,629	
Landscape Replacements	$500	($500)	$0	$0	
Total Grounds Maintenance	$746,667	$99,582	$846,249	$830,140	

Amenity Center - River House					
Cost Share Amenity- Rivers Edge	$13,418	$0	$13,418	$13,418	
General & Lifestyle Manager (Vesta)	$65,148	($1,629)	$63,519	$63,519	
Hospitality Staff (Vesta)	$112,400	$0	$112,400	$112,400	
Security Monitoring	$5,000	($5,000)	$0	$0	
Telephone	$10,260	($79)	$10,181	$10,181	
Insurance	$53,591	$235	$53,826	$53,826	
General Facility & Common Grounds Maint (Vesta)	$42,000	$0	$42,000	$42,000	
Pool Maintenance(Vesta)	$18,225	$0	$18,225	$18,225	
Pool Maintenance(Poolsure)	$8,343	$41	$8,384	$8,384	

Pool Chemicals	$0	$0	$0	$0	
Janitorial Services (Vesta)	$16,133	$0	$16,133	$16,133	
Access Cards	$0	$1,575	$1,575	$1,575	
Window Cleaning	$3,500	($3,500)	$0	$0	
Natural Gas	$2,050	($626)	$1,424	$424	
Electric	$20,000	$0	$20,000	$17,083	
Sewer/Water/Irrigation	$40,000	$40,000	$80,000	$77,433	
Repair and Replacements	$10,000	$50,000	$60,000	$58,468	
Refuse	$6,150	$1,902	$8,052	$8,052	
Pest Control	$1,920	$686	$2,606	$2,606	
License/Permits	$1,500	($1,150)	$350	$350	
Other Current	$1,000	$0	$1,000	$0	
Special Events	$15,000	($5,000)	$10,000	$9,668	
Holiday Decorations	$11,000	$1,710	$12,710	$12,710	
Office Supplies/Postage	$500	$938	$1,438	$1,438	
Café Costs- labor/food/beverage/COGS	$218,690	$197,664	$416,354	$416,354	
Total Amenity Center Expenses	$675,827	$277,768	$953,595	$944,247	
					
Total Expenses	$1,526,751	$392,959	$1,919,709	$1,875,601	
					
Excess Revenues (Expenditures)	$0	$0	$0	$80,091	
					
NET CHANGE IN FUND BALANCE	$0	$0	$0	$80,091	
					
Fund Balance - Beginning	$0	$0	$0	$92,797	
					
Fund Balance - Ending	$0	$0	$0	$172,888