Rivers Edge II
Community Development District

Approved Budget FY2023

Rivers Edge II
Community Development District

TABLE OF CONTENTS

General Fund Budget	Page 1-2

General Fund Narrative	Page 3-12

Series 2020 Debt Service Fund Budget	Page 13

Series 2020 Amortization Schedule	Page 14-15

Series 2021 Debt Service Fund Budget	Page 16

Series 2021 Amortization Schedule	Page 17-18

Assessment Allocation	Page 19

	Amended
Budget	Actuals
as of	Projected
Next 4	Total
Projected	Approved
Budget	
Description	FY2022	5/31/22	Months	9/30/22	FY2023	

Revenues						
Assessments	$  449,329	$	447,031	$	2,298	$	449,329	$	502,069	
Developer Contributions	$ 1,190,034	$ 1,065,924	$	321,855	$	1,387,779	$	1,300,739	
Café Revenues	$  218,690	$	9,909	$	90,000	$	99,909	$	510,000	
Special Events	$	7,000	$	1,310	$	5,690	$	7,000	$	7,000	
Miscellaneous Income	$	-	$	7,559	$	2,500	$	10,059	$	10,000	
Cost Share Amenity- Rivers Edge III	$	82,310	$	41,155	$	41,155	$	82,310	$	56,493	
Total Revenues	$ 1,947,363	$ 1,572,888	$  463,498	$	2,036,386	$	2,386,301	

Expenditures						
Administrative Engineering	
$	15,000	
$	6,245	
$	6,500	
$	12,745	
$	15,000	
Arbitrage	$	1,200	$	-	$	1,200	$	1,200	$	1,200	
Dissemination Agent	$	3,500	$	2,333	$	1,167	$	3,500	$	5,000	
Attorney	$	22,244	$	18,634	$	9,317	$	27,952	$	30,000	
Annual Audit	$	5,000	$	-	$	4,120	$	4,120	$	5,000	
Assessment Fees	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Trustee Fees	$	8,000	$	-	$	3,000	$	3,000	$	8,000	
Management Fees	$	30,000	$	20,000	$	10,000	$	30,000	$	35,000	
Construction Accounting	$	3,500	$	-	$	3,500	$	3,500	$	3,500	
Information Technology	$	1,800	$	1,200	$	600	$	1,800	$	1,800	
Website Administration	$	1,200	$	800	$	400	$	1,200	$	1,200	
Telephone	$	200	$	44	$	50	$	94	$	200	
Postage	$	800	$	123	$	500	$	623	$	800	
Printing & Binding	$	1,200	$	378	$	450	$	828	$	1,200	
Insurance	$	5,919	$	5,570	$	-	$	5,570	$	6,684	
Legal Advertising	$	4,000	$	117	$	900	$	1,017	$	2,500	
Other Current Charges	$	1,000	$	589	$	850	$	1,439	$	1,500	
Office Supplies	$	850	$	40	$	75	$	115	$	550	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Website design/compliance	$	5,625	$	-	$	1,250	$	1,250	$	-	
Total Administrative	$  116,213	$	61,249	$	43,879	$	105,128	$	124,309	

Grounds Maintenance
Cost Share Landscaping- Rivers Edge	

$  688,906	

$	344,453	

$	344,453	

$	688,906	

$	713,588	
Field Operations Management (Vesta)	$	38,569	$	28,021	$	7,918	$	35,939	$	44,324	
Landscape Maintenance	$  241,438	$	226,253	$	113,128	$	339,381	$	446,848	
Lake Maintenance	$	20,000	$	18,201	$	6,024	$	24,225	$	25,000	
Landscape Replacements	$	500	$	-	$	250	$	250	$	500	
Streetlighting	$	-	$	14,169	$	7,084	$	21,253	$	30,000	
Total Grounds Maintenance	$  989,413	$  631,096	$  478,857	$	1,109,953	$	1,260,260	

	Amended
Budget	Actuals
as of	Projected
Next 4	Total
Projected	Approved
Budget	
Description	FY2022	5/31/22	Months	9/30/22	FY2023	

Amenity Center- River House						
General & Lifestyle Manager (Vesta)	$	67,000	$	59,658	$	16,287	$	75,945	$	93,614	
Hospitality Staff (Vesta)	$  117,895	$	65,426	$	28,100	$	93,526	$	106,902	
Amenity Manager (Vesta)	$	-	$	-	$	-	$	-	$	18,540	
Security Monitoring	$	5,000	$	-	$	2,500	$	2,500	$	5,000	
Telephone	$	10,260	$	7,164	$	3,680	$	10,844	$	11,000	
Insurance	$	56,270	$	55,466	$	-	$	55,466	$	66,559	
General Facility & Common Grounds Maint (Vesta)	$	61,289	$	47,248	$	10,500	$	57,748	$	75,040	
Pool Maintenance(Vesta)	$	19,260	$	6,304	$	4,556	$	10,860	$	10,012	
Pool Chemicals(Poolsure)	$	8,343	$	5,993	$	3,060	$	9,053	$	9,200	
Janitorial Services (Vesta)	$	17,260	$	4,944	$	2,472	$	7,416	$	8,155	
Access Cards	$	3,500	$	1,575	$	1,575	$	3,150	$	3,500	
Window Cleaning	$	3,500	$	-	$	1,500	$	1,500	$	3,500	
Natural Gas	$	2,050	$	3,405	$	2,120	$	5,525	$	5,600	
Electric	$	20,000	$	18,324	$	6,400	$	24,724	$	25,000	
Sewer/Water/Irrigation	$	75,000	$	79,216	$	39,608	$	118,824	$	119,000	
Repair and Replacements	$	40,000	$	51,063	$	25,531	$	76,594	$	77,000	
Refuse	$	7,500	$	8,124	$	4,800	$	12,924	$	15,000	
Pest Control	$	1,920	$	1,207	$	285	$	1,492	$	1,920	
License/Permits	$	1,500	$	325	$	500	$	825	$	1,000	
Other Current	$	1,000	$	-	$	500	$	500	$	1,000	
Special Events	$	15,000	$	18,010	$	8,990	$	27,000	$	27,000	
Holiday Decorations	$	13,000	$	22,655	$	-	$	22,655	$	23,000	
Office Supplies/Postage	$	1,500	$	756	$	700	$	1,456	$	1,500	
Café Costs- labor/food/beverage/COGS	$  218,690	$	35,777	$	90,000	$	125,777	$	218,690	
General Reserves	$	75,000	$	-	$	75,000	$	75,000	$	75,000	
Total Amenity Center- River House	$  841,737	$  492,640	$  328,665	$	821,305	$	1,001,733	

Total Expenditures

$ 1,947,363	$ 1,184,985	$  851,401	$	2,036,386	$	2,386,301

Excess Revenues (Expenditures)

$

-

$  387,903	$ (387,903)	$

0	$

-

Lot
Size	
Units	Per
Unit	Gross
Assessments	
30'-39' Lot	68	$	1,088.28	$	74,003	
40'-49' Lot	99	$	1,298.91	$	128,592	
50'-59' Lot	51	$	1,527.10	$	77,882	
70'-79' Lot	65	$	2,106.34	$	136,912	
80'+ Lot	50	$	2,334.53	 $	116,727 	
Total Gross Assessments	$	534,116	
Less: Discounts 6%	 $	32,047 	
Total Net Assessments	 $	502,069 	

REVENUES:
Assessments

The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.

Interest Income

The District will have all excess funds invested with the US Bank Corporate Trust Services. The amount is based upon the estimated average balance of funds available during the fiscal year.

Amenities Revenue/Misc

Income received from residents for rental of clubroom or patio and special events deposits.

EXPENDITURES:

Administrative:
Supervisor Fees

The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon 5 supervisors for 12 monthly meetings.

FICA Expense

These expenses represent the Employer's share of Social Security and Medicare taxes withheld from the Board of Supervisors checks.
Assessment Administration

Governmental Management Services serves as the District’s Assessment Administrator responsible for certifying annual assessments to County Tax Collector, billing and collection of direct assessments, collection of prepaid assessments, maintaining lien book, etc.

Engineering Fees

The District's engineering firm, England, Thims & Miller, Inc., will be providing general engineering services to the District, including attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage

The District is required to annually have an arbitrage calculation on the District’s Series 2005, 2006-1 & 2006-2 Special Assessment Bonds. The District has contracted with Grau and Associates, an independent audit firm to calculate the rebate liability and submit a report to the District.

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. The District utilizes Governmental Management Services and Disclosure Services LLC to provide this service.

Vendor	Monthly	Annual	
Governmental Management Services	$	583	$	7,000	
Disclosure Services LLC	$	67	$	800	
	$	650	$	7,800	

Impact Fee Administration

Charges to the District for the services of Governmental Management Services, LLC to collect St. Johns County Impact Fees on behalf of the District, manage the 2006 Impact Fee Bonds, and maintain the Series 2006 Lien Book.

Attorney Fees

The District's legal counsel, Kutak Rock LLP, will be providing general legal services to the District, including attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc.

Annual Audit

The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. The District has contracted with Berger Toombs to conduct their annual audit.

Trustee Fees

The District issued Series 2005, Series 2006-1, and Series 2018 Special Assessment Bond, which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Vendor	Monthly	Annual	
Governmental Management Services	$	4,400	$	52,796	

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.

Vendor	Monthly	Annual	
Governmental Management Services	$	150	$	1,800	

Travel and Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Telephone

Telephone and fax machine.

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 the St. Augustine Record.

Other Current Charges

Bank charges and any other miscellaneous expenses 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.

Amenity Center:

Insurance

The District's Property Insurance policy is with EGIS Insurance Advisors LLC. EGIS Insurance Advisors specialize in providing insurance coverage to governmental agencies. The amount budgeted represents the estimated premium for property insurance related to the Amenity Center and other CDD owned improvements.

Repair & Replacements

Regular maintenance and replacement cost incurred by the Amenity Center of the District.

Special Events

Represents estimated costs for the District to host special events for the community throughout the Fiscal Year.

Staff Uniforms

Represents the cost for FirstService Residential staff - front desk and maintenance.

Recreational Supplies

Represents the cost for special event supplies such as games, ping pong, corn hole, etc.

Recreation Passes

Represents the estimated cost for access cards purchased by the District’s Amenity Center.

Capital Outlay

Represents any minor capital expenditures the District may need to make during the Fiscal Year for the Amenity Center.

Other Current Charges

Any unanticipated cost incurred by the Amenity Center.

Permit Fees

Represents Permit Fees paid to the Florida Department of Health for the swimming pool.

Office Supplies

Represents any supplies needed for the operation of the Amenity Center.

Credit Card Machine Fees

Fees associated with using the merchant machine to run credit card transaction to collect facility revenue for rentals and access cards.

Pest Control

The district is contracted with Turner Pest Control to provide monthly pest control services for the amenity centers.

Water & Sewer

JEA provides the cost of water / sewer associated with the Recreation Facility.

Account	Location	Monthly	Annual	
68342315	110 Flower of Scotland Ave	$	85	$	1,020	
68090745	110 Flower of Scotland Ave	$	1,100	$	13,200	
84792274	110 Flower of Scotland Ave	$	160	$	1,920	
68342315	110 Flower of Scotland Ave-SEWER	$	164	$	1,968	
	Contingency	$	408	$	4,892	
		$	1,917	$	23,000	

Electric

JEA provides the cost of electric associated with the Recreation Facility.

Account	Location	Monthly	Annual	
12512538	110 Flower of Scotland Ave	$	2,750	$  33,000	
	Contingency	$	1,833	$  22,000	
		$	4,583	$  55,000	

Cable/Internet/Telephone

The District’s estimated cost for cable television, internet & telephone services for the Amenity Center provided by Comcast.

Field Operations Management

The District is under contract with First Service, for onsite field management of contracts for District Services such as landscaping, amenity & pool facilities, lake maintenance, etc.

Vendor	Monthly	Annual	
First Service	$	6,037	$	72,440	

Pool Attendants/Lifeguards

The District is under contract with Elite LifeGuard to provide lifeguards during the operating season for the pool. Amount based on proposed contract. Oversight provided by First Service.

Facility Management

Cost to provide management for the Amenity Center. Amount based on proposed contract with First Service.

Vendor	Monthly	Annual	
First Service	$	8,287	$	99,441	

Pool Maintenance & Supplies

Amount based on proposed contract with First Service to provide maintenance of the Amenity Center swimming pool.

Vendor	Monthly	Annual	
First Service	$	2,351	$	28,210	

Janitorial Services

Amount based on proposed contract with First Service to provide janitorial services for the Amenity Center and the Fitness Center.

Vendor	Monthly	Annual	
First Service	$	4,520	$	54,240	

General Facility Maintenance

Amount based on proposed contract with First Service to provide routine repairs and maintenance for the Amenity Center.

Resident Services Cooordinator

Amount based on proposed contract with First Service to cover office, assist members, assist with events.

Management Fee

The District is contracted with First Service to provide annual corporate support.

Vendor	Monthly	Annual	
First Service	$	1,075	$	12,900	

Pool Chemicals

Poolsure will provide the necessary chemicals for the Amenity Center pool.

Vendor	Monthly	Annual	
Poolsure	$	2,500	$	30,000	

Refuse Service

GFL Environmental provides garbage disposal service for the District.

Security

The District is contracted with Envera Systems and Alpha Dog to provide security monitoring for the Amenity Center and Fitness Center.

Vendor	Monthly	Annual	
Envera Systems	$	924	$  11,088	
Alpha Dog	$	250	$	3,000	
Contingency	$	309	$	3,712	
	$	1,483	$  17,800	

Website

The district contracts with Unicorn Web Development to provide website licensing and services.

Vendor	Monthly	Annual	
Unicorn Web Development	$	150	$	1,800	

Holiday Decorations

The district estimated cost for Holiday preparation of Amenity Center.

Subscriptions

Wellbeats is contracted to provide program channels at Fitness Center.

Vendor	Monthly	Annual	
Wellbeats	$	249	$	2,988	

Grounds Maintenance:

Electric

JEA provides the cost of electricity for signage lighting and entry feature lighting for the District.

Account	Location	Monthly	Annual	
97329397	100 Flower of Scotland Ave Apt SG01	$	15	$	180	
89317527	100 Scotland Yard Blvd	$	16	$	192	
97329395	100 William Penney Way Apt SG01	$	16	$	192	
14904108	111 Prince Albert Av APT FS01	$	30	$	360	
20193412	126 Burnett Ct Apt FS01	$	280	$	3,360	
22969631	1300 Shetland Dr Apt LL01	$	15	$	180	
148933351	138 Prince Albert Av Aprt IR01	$	40	$	480	
14903183	17 Shetland Dr Apt SG01	$	16	$	192	
14907340	191 Prince Albert AV Apt SG01	$	15	$	180	
76783963	3394 Longleaf Pine PY	$	25	$	300	
28727195	4788 Longleaf Pine PY APT SG 01	$	18	$	216	
14908425	5040 Longleaf Pine Py Apt SG01	$	18	$	216	
97329407	70 Glenlivet Wy Apt SG01	$	15	$	180	
28768954	90 Queen Victoria Av	$	15	$	180	
95047089	91 Prince Albert Av	$	20	$	240	
14909547	944 Rustlewood LA Apt FS01	$	200	$	2,400	
97329410	99 Mahogany Bay Dr Apt SG01	$	18	$	216	
	Contingency	$	145	$	1,736	
		$	917	$	11,000	

Street Lighting

JEA provides the District street lighting cost for the community. The amount is based upon the agreement plus estimated cost for fuel charges.

Account	Location	Monthly	Annual	
70 watts/241U	119 Shetland Dr	$	1,825	$	21,900	
40W/22UNITS	1300 Shetland Dr Apt ARLT	$	400	$	4,800	
27UNITS	764 Shetland Dr Apt IR01	$	220	$	2,640	
40 watts/23U	90 Queen Victoria	$	180	$	2,160	
40W/5UNITS	992 Shetland Dr Apt IR01	$	41	$	492	
	Contingency	$	167	$	2,008	
		$	2,833	$	34,000	

Lake Maintenance

The District has contracted with Future Horizons, Inc for the maintenance of 38 ponds on district property. GMS also contracted to inspect and clean lakes and outfall structures.

Vendor	Monthly	Annual	
Future Horizons	$	2,129	$	25,548	
Contingency	$	621	$	7,452	
	$	2,750	$	33,000	

Landscape Maintenance

The District has contracted with Tree Amigos Outdoor Services to maintain the common areas of the District.

Vendor	Monthly	Annual	
Tree Amigos	$	21,547	$ 258,568	

Landscape Contingency

Other landscape costs that are not under contract, which includes landscape light repairs and replacements.

Common Area Maintenance

Contracted staff for repairs and trash pick-up on District owned property.

Water/Reuse Water

Water, sewer and irrigation systems cost for the district based on JEA projected rates.

Account	Location	Monthly	Annual	
67153683	100 Flower of Scotland Ave	$	38	$	456	
1594221	100 Scotland Yard Blvd	$	360	$	4,320	
64240114	100 William Penney Way	$	85	$	1,020	
64240091	101 Flower of Scotland Ave	$	54	$	648	
85342751	1290 Shetland Dr Apt IR01	$	107	$	1,284	
85740420	130 Veterans PY	$	69	$	828	
67862630	133 Celtic Wedding Dr	$	25	$	300	
83713776	1591 Shetland Dr Apt IR01	$	200	$	2,400	
78582269	17 Shetland Dr	$	245	$	2,940	
72122492	176 River Dee Dr	$	138	$	1,656	
81113064	191 Albert Av Apt IR01	$	175	$	2,100	
83717400	200 W Adelaide Dr	$	235	$	2,820	
83714368	299 Glasgow Dr Apt IR01	$	82	$	984	
84332498	3924 Longleaf Pine Py	$	68	$	816	
64240055	437 S Aberdeenshire Dr	$	25	$	300	
67153684	4788 Longleaf Pine PY	$	68	$	816	
83717398	482 S Aberdeenshire Dr	$	25	$	300	
67153700	5040 Longleaf Pine PY	$	55	$	660	
85015950	559 Grampian Highlands Dr	$	40	$	480	
83714400	572 Glasgow Dr Apt IR01	$	80	$	960	
81948219	711 Irish Tartan Way	$	100	$	1,200	
81948213	764 Shetland Dr Apt IR01	$	40	$	480	
85740407	90 Queen Victoria Av	$	800	$	9,600	
85083599	91 Prince Albert Av	$	1,000	$	12,000	
71731594	99 Mahogany Bay Dr	$	195	$	2,340	
83794232	992 Shetland Dr Apt IR01	$	148	$	1,776	
83459857	650 Fort William Dr	$	39	$	468	
	Contingency	$	87	$	1,048	
		$	4,583	$	55,000	

Miscellaneous

Any unanticipated and unscheduled maintenance cost to the District.

Irrigation Repairs

Miscellaneous irrigation repairs and maintenance cost for the District.

Contingency

A contingency for any unanticipated cost to the District

Wetland Monitoring/Mitigation

Cost to preserve beneficial aquatic plants in the wetland mitigation area and control nuisance and exotic pest plant populations. Amount based on contract with Environmental Management Services, Inc.

Capital Reserve Fund

The District established a reserve to fund the renewal and replacement of District’s capital related facilities and property.

Rivers Edge II
Community Development District
Series 2020 Debt Service Budget

	Adopted
Budget	Actuals
as of	Total
Projected	Approved
Budget	
Description	FY2022	5/31/22	9/30/22	FY2023	

Revenues					
Special Assessments	$	463,416	$	461,323	$	463,416	$	463,416	
Interest Income	$	1,000	$	175	$	225	$	1,000	
Carryforward Surplus	$	173,506	$	171,958	$	171,958	$	171,142	
Transfer In	$	-	$	855	$	855	$	-	
Total Revenues	$	637,922	$	634,311	$	636,454	$	635,558	

Expenditures					
Interest Expense 11/1	$	172,656	$	172,656	$	172,656	$	170,256	
Principal Expense 5/1	$	120,000	$	120,000	$	120,000	$	125,000	
Interest Expense 5/1	$	172,656	$	172,656	$	172,656	$	170,256	
Total Expenditures	$	465,313	$	465,313	$	465,313	$	465,513	
					
Excess Revenues/(Expenditures)	$	172,609	$	168,999	$	171,142	$	170,045	

Interest Payment 11/1/23	
$	
167,756	
		Gross	Gross	
Development	Units	Per Unit	Assessments	

30'-39' Lot	
96	
$696	
$66,816	
40'-49' Lot	248	$900	$223,200	
50'-59' Lot	126	$1,104	$139,104	
70'-79' Lot	21	$1,500	$31,500	
80'+ Lot	19	$1,704	$32,376	
Gross Total			$492,996	
Less Disc. +	Collections 6%		($29,580)	
Net Annual	Assessment		$463,416	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/22			$170,256	$	462,913	
05/01/23	$6,930,000	$125,000	$170,256		
11/01/23			$167,756	$	463,013	
05/01/24	$6,805,000	$130,000	$167,756		
11/01/24			$165,156	$	462,913	
05/01/25	$6,675,000	$135,000	$165,156		
11/01/25			$162,456	$	462,613	
05/01/26	$6,540,000	$140,000	$162,456		
11/01/26			$159,446	$	461,903	
05/01/27	$6,400,000	$145,000	$159,446		
11/01/27			$156,329	$	460,775	
05/01/28	$6,255,000	$150,000	$156,329		
11/01/28			$153,104	$	459,433	
05/01/29	$6,105,000	$160,000	$153,104		
11/01/29			$149,664	$	462,768	
05/01/30	$5,945,000	$165,000	$149,664		
11/01/30			$146,116	$	460,780	
05/01/31	$5,780,000	$175,000	$146,116		
11/01/31			$141,829	$	462,945	
05/01/32	$5,605,000	$180,000	$141,829		
11/01/32			$137,419	$	459,248	
05/01/33	$5,425,000	$190,000	$137,419		
11/01/33			$132,764	$	460,183	
05/01/34	$5,235,000	$200,000	$132,764		
11/01/34			$127,864	$	460,628	
05/01/35	$5,035,000	$210,000	$127,864		
11/01/35			$122,719	$	460,583	
05/01/36	$4,825,000	$220,000	$122,719		
11/01/36			$117,329	$	460,048	
05/01/37	$4,605,000	$230,000	$117,329		
11/01/37			$111,694	$	459,023	
05/01/38	$4,375,000	$245,000	$111,694		
11/01/38			$105,691	$	462,385	
05/01/39	$4,130,000	$255,000	$105,691		
11/01/39			$99,444	$	460,135	
05/01/40	$3,875,000	$270,000	$99,444		
11/01/40			$92,829	$	462,273	
05/01/41	$3,605,000	$285,000	$92,829		
11/01/41			$85,490	$	463,319	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
05/01/42	$3,320,000	$300,000	$85,490		
11/01/42			$77,765	$	463,255	
05/01/43	$3,020,000	$315,000	$77,765		
11/01/43			$69,654	$	462,419	
05/01/44	$2,705,000	$330,000	$69,654		
11/01/44			$61,156	$	460,810	
05/01/45	$2,375,000	$345,000	$61,156		
11/01/45			$52,273	$	458,429	
05/01/46	$2,030,000	$365,000	$52,273		
11/01/46			$42,874	$	460,146	
05/01/47	$1,665,000	$385,000	$42,874		
11/01/47			$32,960	$	460,834	
05/01/48	$1,280,000	$405,000	$32,960		
11/01/48			$22,531	$	460,491	
05/01/49	$875,000	$425,000	$22,531		
11/01/49			$11,588	$	459,119	
05/01/50	$450,000	$450,000	$11,588		
11/01/50				$	461,588	

	$6,930,000  $6,152,308  $	13,374,964 

Rivers Edge II
Community Development District
Series 2021 Debt Service Budget

	Proposed
Budget	Actuals
as of	Total
Projected	Approved
Budget	
Description	FY2022	5/31/22	9/30/22	FY2023	

Revenues					
Special Assessments	$ 552,000.00	$ 552,000.00	$	552,000.00	$	552,000	
Interest Income	$	1,000	$	200	$	280	$	500	
Carryforward Surplus	$	183,600	$	183,636	$	183,636	$	183,600	
Total Revenues	$	736,600	$ 735,836.00	$	735,916	$	736,100	

Expenditures					
Transfer Out	$	-	$	46	$	46	$	-	

Interest Expense 11/1	
$	183,600	
$	183,600	
$	183,600	
$	173,388	
Principal Expense 5/1	$	200,000	$	200,000	$	200,000	$	205,000	
Interest Expense 5/1	$	175,788	$	175,788	$	175,788	$	173,388	
Total Expenditures	$ 559,387.78	$ 559,433.78	$	559,434	$	551,775	
					
Excess Revenues/(Expenditures)	$	177,212	$	176,402	$	176,482	$	184,325	

Interest Payment 11/1/23	
$	
170,928	
		Gross	Gross	
Development	Units	Per Unit	Assessments	

30'-39' Lot	
94	
$696	
$65,424	
40'-49' Lot	215	$900	$193,500	
50'-59' Lot	210	$1,104	$231,840	
Townhomes	130	$744		$96,720 	
Gross Total			$587,484	
Less Disc. + Collections 6%	($35,484)

Net Annual Assessment	$552,000

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/22			$173,388	$	549,175	
05/01/23	$9,700,000	$205,000	$173,388		
11/01/23			$170,928	$	549,315	
05/01/24	$9,495,000	$210,000	$170,928		
11/01/24			$168,408	$	549,335	
05/01/25	$9,285,000	$215,000	$168,408		
11/01/25			$165,828	$	549,235	
05/01/26	$9,070,000	$220,000	$165,828		
11/01/26			$163,188	$	549,015	
05/01/27	$8,850,000	$225,000	$163,188		
11/01/27			$159,813	$	548,000	
05/01/28	$8,625,000	$235,000	$159,813		
11/01/28			$156,288	$	551,100	
05/01/29	$8,390,000	$240,000	$156,288		
11/01/29			$152,688	$	548,975	
05/01/30	$8,150,000	$250,000	$152,688		
11/01/30			$148,938	$	551,625	
05/01/31	$7,900,000	$255,000	$148,938		
11/01/31			$145,113	$	549,050	
05/01/32	$7,645,000	$265,000	$145,113		
11/01/32			$140,475	$	550,588	
05/01/33	$7,380,000	$275,000	$140,475		
11/01/33			$135,663	$	551,138	
05/01/34	$7,105,000	$285,000	$135,663		
11/01/34			$130,675	$	551,338	
05/01/35	$6,820,000	$295,000	$130,675		
11/01/35			$125,513	$	551,188	
05/01/36	$6,525,000	$305,000	$125,513		
11/01/36			$120,175	$	550,688	
05/01/37	$6,220,000	$315,000	$120,175		
11/01/37			$114,663	$	549,838	
05/01/38	$5,905,000	$325,000	$114,663		
11/01/38			$108,975	$	548,638	
05/01/39	$5,580,000	$340,000	$108,975		
11/01/39			$103,025	$	552,000	
05/01/40	$5,240,000	$350,000	$103,025		
11/01/40			$96,900	$	549,925	
05/01/41	$4,890,000	$360,000	$96,900		
11/01/41			$90,600	$	547,500	

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL	
05/01/42	$4,530,000	$375,000	$90,600		
11/01/42			$83,100	$	548,700	
05/01/43	$4,155,000	$390,000	$83,100		
11/01/43			$75,300	$	548,400	
05/01/44	$3,765,000	$405,000	$75,300		
11/01/44			$67,200	$	547,500	
05/01/45	$3,360,000	$425,000	$67,200		
11/01/45			$58,700	$	550,900	
05/01/46	$2,935,000	$440,000	$58,700		
11/01/46			$49,900	$	548,600	
05/01/47	$2,495,000	$460,000	$49,900		
11/01/47			$40,700	$	550,600	
05/01/48	$2,035,000	$480,000	$40,700		
11/01/48			$31,100	$	551,800	
05/01/49	$1,555,000	$495,000	$31,100		
11/01/49			$21,200	$	547,300	
05/01/50	$1,060,000	$520,000	$21,200		
11/01/50			$10,800	$	552,000	
05/01/51	$540,000	$540,000	$10,800		
11/01/51				$	550,800	

	$9,700,000  $6,418,475  $	16,494,263 

Rivers Edge II Community Development District FY 2023 Operations and Maintenance Methodology Equivalent Residential Unit Allocation
Assessments per Unit - Net and Gross

Land Use / Product Type	

ERU
per Unit	
Current Platted Units		
Future Planned Units		

Total Units		

Total ERU's	

%	
FY 2023
Budget Allocation	FY 2023
Per Unit Net
Assessment	FY 2023
Per Unit Gross Assessment	FY 2022
Per Unit Gross Assessment	Increase Per Unit Gross Assessment	Increase Per Unit Gross Assessment	
Townhomes	0.62	0		664		664		411.68	31.38%	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	
Single Familiy - 30'-39' Lot	0.58	68		104		172		99.76	7.61%	$69,563	$1,022.98	$1,088.28	$973.96	$114.32	11.74%	
Single Familiy - 40'-49' Lot	0.75	99		308		407		305.25	23.27%	$120,877	$1,220.98	$1,298.91	$1,162.47	$136.45	11.74%	
Single Familiy - 50'-59' Lot	0.92	51		308		359		330.28	25.18%	$73,209	$1,435.47	$1,527.10	$1,366.68	$160.41	11.74%	
Single Familiy - 70'-79' Lot	1.25	65		10		75		93.75	7.15%	$128,697	$1,979.96	$2,106.34	$1,885.09	$221.26	11.74%	
Single Familiy - 80'+ Lot	1.42	50		0		50		71	5.41%	$109,723	$2,194.46	$2,334.53	$2,089.30	$245.23	11.74%	
Total			333 			1394 			1,727 		  1,311.72 	100.00%		$502,069 						
FY 2023 Budget:																
Administrative	$124,309															
Field and Grounds	$1,260,260															
Amenity Center	$1,001,733															
Less: Other Income	-$583,493															
Less: Dev contr		-$1,300,739 															
		$502,069 															

19