Rivers Edge II
Community Development District

Adopted Budget FY2023

Rivers Edge II
Community Development District

TABLE OF CONTENTS

General Fund Budget	Page 1-2

General Fund Narrative	Page 3-10

Series 2020 Debt Service Fund Budget	Page 11

Series 2020 Amortization Schedule	Page 12-13

Series 2021 Debt Service Fund Budget	Page 14

Series 2021 Amortization Schedule	Page 15-16

Assessment Allocation	Page 17

	Amended
Budget	Actuals
as of	Projected
Next 1	Total
Projected	Adopted
Budget	
Description	FY2022	8/31/22	Month	9/30/22	FY2023	

Revenues
Assessments	

$  449,329	

$	451,666	

$	-	$	

451,666	

$	518,325	
Administrative Assessments on Unplatted Land	$	-	$	-	$	-	$	-	$	90,696	
Developer Contributions	$ 1,190,034	$ 1,433,768	$	-	$	1,493,759	$	1,294,243	
Café Gross Sales	$  218,690	$	448,472	$	38,150	$	486,622	$	494,668	
Special Events	$	7,000	$	1,910	$	150	$	2,060	$	7,000	
Miscellaneous Income	$	-	$	8,524	$	775	$	9,299	$	10,000	
Cost Share Amenity- Rivers Edge III	$	82,310	$	61,733	$	20,578	$	82,310	$	138,839	
Cary Forvard	$	-	$	-	$	-	$	-	$	65,000	
Total Revenues	$ 1,947,363	$ 2,406,073	$	59,652	$	2,525,716	$	2,618,771	

Expenditures						
Administrative Engineering	
$	15,000	
$	7,555	
$	6,500	
$	14,055	
$	15,000	
Arbitrage	$	1,200	$	600	$	600	$	1,200	$	1,200	
Dissemination Agent	$	3,500	$	3,208	$	292	$	3,500	$	5,000	
Attorney	$	22,244	$	28,080	$	1,920	$	30,000	$	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	$	5,894	$	2,106	$	8,000	$	8,000	
Management Fees	$	30,000	$	27,500	$	2,500	$	30,000	$	35,000	
Construction Accounting	$	3,500	$	-	$	3,500	$	3,500	$	3,500	
Information Technology	$	1,800	$	1,650	$	150	$	1,800	$	1,800	
Website Administration	$	1,200	$	1,100	$	100	$	1,200	$	1,200	
Telephone	$	200	$	59	$	35	$	94	$	200	
Postage	$	800	$	274	$	350	$	624	$	800	
Printing & Binding	$	1,200	$	1,069	$	131	$	1,200	$	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	$	830	$	670	$	1,500	$	1,500	
Office Supplies	$	850	$	58	$	35	$	93	$	550	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Website design/compliance	$	5,625	$	-	$	1,250	$	1,250	$	-	
Total Administrative	$  116,213	$	92,859	$	21,039	$	113,897	$	124,309	

Grounds Maintenance
Cost Share Landscaping- Rivers Edge	

$  688,906	

$	516,680	

$	172,227	

$	688,906	

$	713,588	
Field Operations Management (Vesta)	$	38,569	$	38,528	$	2,639	$	41,168	$	44,324	
Landscape Maintenance	$  241,438	$	291,533	$	28,282	$	319,815	$	396,805	
Lake Maintenance	$	20,000	$	25,848	$	1,506	$	27,354	$	27,500	
Landscape Replacements	$	500	$	-	$	150	$	150	$	500	
Streetlighting	$	-	$	22,065	$	3,500	$	25,565	$	30,000	
Total Grounds Maintenance	$  989,413	$  894,653	$  208,304	$	1,102,957	$	1,212,717	

	Amended
Budget	Actuals
as of	Projected
Next 1	Total
Projected	Adopted
Budget	
Description	FY2022	8/31/22	Month	9/30/22	FY2023	

Amenity Center- River House						
General & Lifestyle Manager (Vesta)	$	67,000	$	82,030	$	5,429	$	87,459	$	93,614	
Hospitality Staff (Vesta)	$  117,895	$	89,961	$	9,367	$	99,328	$	106,902	
Amenity Manager (Vesta)	$	-	$	-	$	-	$	-	$	18,540	
Security Monitoring	$	5,000	$	-	$	1,500	$	1,500	$	5,000	
Telephone	$	10,260	$	9,924	$	950	$	10,874	$	11,000	
Insurance	$	56,270	$	55,466	$	-	$	55,466	$	66,559	
General Facility & Common Grounds Maint (Vesta)	$	61,289	$	64,966	$	3,503	$	68,469	$	75,040	
Pool Maintenance(Vesta)	$	19,260	$	8,668	$	788	$	9,456	$	10,012	
Pool Chemicals(Poolsure)	$	8,343	$	8,471	$	826	$	9,297	$	9,200	
Janitorial Services (Vesta)	$	17,260	$	6,798	$	618	$	7,416	$	8,155	
Access Cards	$	3,500	$	1,575	$	1,105	$	2,680	$	3,500	
Window Cleaning	$	3,500	$	-	$	1,500	$	1,500	$	3,500	
Natural Gas	$	2,050	$	4,833	$	700	$	5,533	$	5,600	
Electric	$	20,000	$	24,391	$	3,000	$	27,391	$	30,000	
Sewer/Water/Irrigation	$	75,000	$	97,108	$	9,000	$	106,108	$	119,000	
Repair and Replacements	$	40,000	$	71,083	$	3,917	$	75,000	$	75,000	
Refuse	$	7,500	$	12,404	$	1,700	$	14,104	$	15,000	
Pest Control	$	1,920	$	1,522	$	105	$	1,627	$	1,920	
License/Permits	$	1,500	$	700	$	300	$	1,000	$	1,000	
Other Current	$	1,000	$	-	$	500	$	500	$	500	
Special Events	$	15,000	$	28,030	$	500	$	28,530	$	30,000	
Holiday Decorations	$	13,000	$	22,655	$	-	$	22,655	$	23,000	
Office Supplies/Postage	$	1,500	$	1,347	$	153	$	1,500	$	1,500	
Café Costs- labor/food/beverage/COGS	$  218,690	$	437,305	$	38,150	$	475,455	$	-	
Café-Cost of Goods Sold	$	-	$	-	$	-	$	-	$	234,568	
Café-Labor	$	-	$	-	$	-	$	-	$	236,447	
Café-Bank Fees	$	-	$	-	$	-	$	-	$	22,187	
General Reserves	$	75,000	$	75,000	$	-	$	75,000	$	75,000	
Total Amenity Center- River House	$  841,737	$ 1,104,237	$	83,611	$	1,187,848	$	1,281,745	

Total Expenditures

$ 1,947,363	$ 2,091,749	$  312,953	$

2,404,703	$	2,618,771

Excess Revenues (Expenditures)

$

-

$  314,324	$ (253,301)	$

121,013	$

0

Lot
Size	
Units	Per
Unit	Gross
Assessments	
30'-39' Lot	68	$	958.31	$	65,165	
40'-49' Lot	125	$	1,125.64	$	140,705	
55'-55' Lot	95	$	1,323.38	$	125,721	
70'-79' Lot	65	$	1,825.36	$	118,648	
80'+	Lot	50	$	2,023.10	 $	101,155 	
		Total Gross Assessments	$	551,395	
		Less: Discounts 6%	 $	33,070 	
		Total Net Assessments	 $	518,325 	

REVENUES:

Assessments
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.

Administrative Assessments
The District will levy a non ad-valorem special assessments on unplatted lands within the District and are allocated upon the percentage of such undeveloped units planned relative to the budgeted General Administrative costs of the District.

Developer Contributions
The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Café Gross Sales
Gross sales revenue from Café operations.

Special Events
Income received from residents/non-residents for the rental of the facilities for special events.

Cost Share Amenity- Rivers Edge III
Agreement with Rivers Edge III to cost share a portion of the maintenance costs for amenities. Cost share is based on future development buildout and estimated costs.

EXPENDITURES:

Administrative:

Engineering Fees
The District’s engineering firm, Prosser, Inc, will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.

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.

Attorney
The District’s legal counsel, KE Law, will be providing general legal services to the District,
i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Assessment Roll
The District has contracted with Governmental Management Services, LLC for the certification and collection of the District’s annual maintenance and debt service assessments. Assessments on platted lots are collected by agreement with St Johns County while unplatted assessments maybe collected directly by District and/or by County Tax Collector.

Trustee Fees
The District will issue bonds to be held with a Trustee at a qualified Bank. The amount of trustee fees is based on the agreement between the 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. These services are further outlined in Exhibit “A” of the Management Agreement.

Construction Accounting
The District receives annual constriction account services as part of a Management Agreement with Governmental Management Services, LLC.

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
Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.

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). The amount is based upon prior year’s premiums.

Legal Advertising
The District is required to advertise various notices for Board meetings, public hearings etc. in a newspaper of general circulation.

Other Current Charges
This includes bank charges and any other miscellaneous expenses that are incurred during the year by the District.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Community Affairs for
$175. This is the only expense under this category for the District.

Website Design/Compliance
Cost related to District website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Grounds Maintenance:

Cost Share- Landscaping Rivers Edge
Shared costs with Rivers Edge CDD for landscaping. Cost share is based on future development buildout and estimated costs.

Field Operations Management (Vesta)
The District has contracted with Vesta Property Services, Inc to provide field operations management to oversee all day-to-day operation of all the Districts assets, common grounds, and service providers.

Vendor	Description	Monthly	Annual

Vesta	Field Operations Management	$

3,694	$

44,324

Total	$	44,324

Landscape Maintenance
The District contracted with Yellowstone to maintain the common areas of the District and Amenity Center. Also included are thoroughfares which may exceed the District boundaries. The base costs for the District is $171,347 including mulch and pine straw.
Other areas include Riverhouse $20,919, Orange Branch Trail $108,689, Rivertown Blvd
$41,784 and mulch and pine straw for these areas totaling $54,065.

Lake Maintenance
The District receives lake maintenance services from Charles Aquatics, Inc.

Vendor	Area	Monthly	Annual	

Charles Aquatics	
Lake Maintenance	
$	2,000	
$	24,000	
Additional Cleanup			$	3,500	
Total			$	27,500	

Landscape Replacement
A provision for additional landscape features or for repair of existing landscaping.

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

Location	Account #	Monthly	Annual	
156 Riverglade Run	9420049059	$	35	$	420	
154 Riverglade Run	6707560121	$	30	$	360	
53 Mistflower Dr #FNTN	4743506067	$	1,110	$	13,320	
233 SHINNECOCK DR #IRR	0162048490	$	30	$	360	
106 Keystone Corners Blvd #LTG	7652214334	$	60	$	720	
27 Keystone Corners Blvd #ENTRY	9019709360	$	913	$	10,956	
Contingency for new accounts		$	322	$	3,864	
Total		$	2,500	$	30,000	

Amenity Center- River House:

General & Lifestyle Manager (Vesta)
The District has contracted with Vesta Property Services, Inc to provide general amenity management, facility administration, and special event coordinator services at the Amenity Center.

Vendor	Description	Monthly	Annual

Vesta	General & Lifestyle Manager

$	7,801	$

93,614

Total	$	93,614

Hospitality Staff (Vesta)
The District has contracted with Vesta Property Services, Inc to provide hospitality staffing for district amenities.

Security Monitoring
Maintenance costs of the security alarms/cameras.

Telephone
The estimated cost for telephone, internet, and cable services for the Amenity Center.

Vendor	Description	Monthly	Annual	

Comcast	
Internet & Cable	
$	514	
$	6,172	
Comcast	Telephone	$	402	$	4,829	
Total			$ 11,000	

Insurance
The District’s General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). The amount is based upon estimated premium for property insurance related to the Amenity and other District facilities.

General Facility & Common Grounds Maintenance (Vesta)
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.

Vendor	Description	Monthly	Annual

Vesta

General Facility& Common Grounds Maintenance

$	6,253	$

75,040

Total	$	75,040

Pool Maintenance (Vesta)
The District has contracted with Vesta Property Services, Inc to provide maintenance of the Amenity Center swimming pools.

Vendor	Description	Monthly	Annual

Vesta	Pool Maintenance

$	834	$

10,012

Total	$	10,012

Pool Chemicals (Poolsure)
The District has contracted with Poolsure to provide chemicals for the Amenity Center swimming pools.

Vendor	Description	Monthly	Annual

Poolsure	Pool Chemicals

$	767	$

9,200

Total	$	9,200

Janitorial Services (Vesta)
The District has contracted with Vesta Property Services, Inc to provide janitorial cleaning for the Amenity Center.

Vendor	Description	Monthly	Annual

Vesta	Janatorial Services

$	680	$

8,155

Total	$	8,155

Window Cleaning
The District will have windows cleared inside and outside three times a year.

Propane Gas
The District is under contract with TECO Peoples Gas to provide gas fire place and gas grills.

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

Location	Meter Number	Monthly	Annual	
160 Riverglade Run	5975385542	$	2,200	$	26,400	
Contingency for new accounts		$	300	$	3,600	
Total		$	2,500	$	30,000	

Sewer/Water/Irrigation
Estimated costs for sewer, water, and irrigation for the amenity center billed to the District by JEA.

Location	Meter Number	Monthly	Annual	
160 Riverglade Run	84087156	$150	$1,800	
160 Riverglade Run -Sewer	84087139	$753	$9,036	
160 Riverglade Run -Water	84087139	$342	$4,104	
298 Riverglade Run	83547180	$1,150	$13,800	
114 Mistflower Dr	86624406	$2,050	$24,600	
41 Keystone Corners BV	86131615	$1,350	$16,200	
233 Shinnecock Drive	86793634	$415	$4,985	
98 Shinnecock Drive	87743236	$833	$9,996	
29 Mistleflower	83742269	$50	$600	
907 Keystone Corners BV Apt IR01	80913980	$489	$5,868	
627 Keystone Corners BV APT IR01	86131621	$1,900	$22,800	
Contingency for new accounts		$434	$5,211	
Total		$9,917	$119,000	

Repairs and Replacements
Represents regular cleaning, supplies, and repairs and replacements for District’s Amenity Center.

Refuse
Garbage disposal services for the Amenity Centers provided by Republic Services.

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	$ Nadars Pest Raiders  Termite Coverage $

95	$
65	$

1,140
780

Total	$	1,920

License/Permits
Represents license fees for the amenity center and permit fees paid to the Florida Department of Health in St. Johns County for the swimming pools.

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 through the Fiscal Year.

Office Supplies/Postage
Costs of supplies and postage incurred for the operation of the Amenity Center.

Cost of Goods Sold (“COGS”)
Food and beverage costs along with supply incidentals.

Labor
Staffing costs for Vesta personnel Café operations.

Bank fees
Bank and credit card processing charges related to the Cafe sales.

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

Rivers Edge II
Community Development District
Series 2020 Debt Service Budget

	Adopted
Budget	Actuals
as of	Total
Projected	Adopted
Budget	
Description	FY2022	8/31/22	9/30/22	FY2023	

Revenues					
Special Assessments	$	463,416	$	464,959	$	464,959	$	512,976	
Interest Income	$	1,000	$	1,144	$	1,500	$	1,500	
Carryforward Surplus	$	173,506	$	173,014	$	173,014	$	175,016	
Transfer In	$	-	$	855	$	855	$	-	
Total Revenues	$	637,922	$	639,973	$	640,328	$	689,492	

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	$	174,660	$	175,016	$	223,980	

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

30'-39' Lot	
68	
$695.83	
$47,316	
40'-49' Lot	125	$899.79	$112,474	
50'-59' Lot	95	$1,103.74	$104,855	
70'-79' Lot	65	$1,499.64	$97,477	
80'+ Lot	50	$1,703.59	$85,180	
Gross Total			$447,302	
Less Disc. + Collections 6%	($26,838)	
Direct Invoice	$92,513	
Net Annual Assessment	$512,976	

11/01/22			$170,256	$	170,256	
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	

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  $	13,082,308 

Rivers Edge II
Community Development District
Series 2021 Debt Service Budget

	Proposed
Budget	Actuals
as of	Total
Projected	Adopted
Budget	
Description	FY2022	8/31/22	9/30/22	FY2023	

Revenues					
Special Assessments - Direct	$	552,000	$	552,000	$	552,000	$	552,000	
Interest Income	$	1,000	$	1,288	$	1,500	$	1,500	
Carryforward Surplus	$	183,600	$	176,962	$	176,962	$	183,600	
Total Revenues	$	736,600	$ 730,250.20	$	730,462	$	737,100	

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	$	170,816	$	171,028	$	185,325	

Interest Payment 11/1/23	
$	
170,928	

11/01/22			$173,388	$	173,388	
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	

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  $	16,118,475 

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	

Unplatted Units		

Total Units	

Total ERU's	

Total Unplatted 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/(Decreas Per Unit Gross
Assessment	
Townhomes	0.62	0	334		334	207.08	207.08	$0	$820.05	$872.37	$0.00	$872.37	
Single Familiy - 30'-39' Lot	0.63	68	(68)		0	0	42.84	$61,257	$900.84	$958.31	$973.96	-$15.65	
Single Familiy - 40'-49' Lot	0.74	125	393		518	383.32	290.82	$132,266	$1,058.13	$1,125.64	$1,162.47	-$36.83	
Single Familiy - 50'-59' Lot	0.87	95	157		252	219.24	136.59	$118,181	$1,244.01	$1,323.38	$1,366.68	-$43.30	
Single Familiy - 60'-69' Lot	1	0	276		276	276	276	$0	$1,322.66	$1,407.04	$1,570.90	-$163.86	
Single Familiy - 70'-79' Lot	1.2	65	0		65	78	0	$111,532	$1,715.88	$1,825.36	$1,885.08	-$59.72	
Single Familiy - 80' Lot	1.33	50	0		50	66.5	0	$95,088	$1,901.77	$2,023.10	$2,089.30	-$66.20	
	Total		403 		1092 			1,495 		1,230.14 	
	953.33 		$518,325 					

Platted ERU's	22.50%	
Unplatted ERU's	77.50%	
Developer Assessmnets on Unplatted Land	$90,696	

FY 2023 Budget:

Administrative	$124,309	
Field and Grounds	$1,212,717	
Amenity Center	$1,281,745	
Less: Other Income	($650,507)	
Less: Carry Forward	($65,000)	
Less: Developer Contributions	($1,294,243)	
ess: Admin Assess on Unplatted Land 	($90,696) 
	$518,325 

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