RESOLUTION 2023-04

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 2022, 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 16th day of November 2022 and be reflected in the monthly and fiscal Year End 9/30/22 Financial Statements and Audit Report of the District

Rivers Edge II

Community Development District

Attest:

by:			 Chairman

by:			 Secretary

RIVERS EDGE II CDD RESOLUTION 2023-04
EXHIBIT A

	Adopted FY22
Budget	Increase/
(Decrease)	Amended FY22
Budget	Actual
9/30/22	

Revenues					
Assessments - Roll	$221,364	$4,309	$225,673	$225,673	
Assessments - Direct	$227,965	$239	$228,204	$228,204	
Developer Contributions	$1,190,034	$629,045	$1,819,079	$1,819,079	
Gross Sales - Café	$218,690	$312,545	$531,235	$531,235	
Special Events	$7,000	($5,090)	$1,910	$1,910	
Miscellaneous Income	$0	$8,736	$8,736	$8,736	
Cost Share Amenity- Rivers Edge III	$82,310	$0	$82,310	$82,310	
Total Revenues	$1,947,363	$949,783	$2,897,147	$2,897,147	

Expenditures					
Administrative					
Engineering	$15,000	$0	$15,000	$12,580	
Arbitrage	$1,200	$0	$1,200	$600	
Dissemination Agent	$3,500	$0	$3,500	$3,500	
Attorney	$22,244	$17,756	$40,000	$35,642	
Annual Audit	$5,000	($880)	$4,120	$4,120	
Assessment Roll	$5,000	$0	$5,000	$5,000	
Trustee Fees	$8,000	($2,106)	$5,894	$5,894	
Management Fees	$30,000	$0	$30,000	$30,000	
Construction Accounting	$3,500	$0	$3,500	$0	
Information Technology	$1,800	$0	$1,800	$1,800	
Webiste Administration	$1,200	$0	$1,200	$1,200	
Telephone	$200	($123)	$77	$77	
Postage	$800	($514)	$286	$286	
Printing & Binding	$1,200	($5)	$1,195	$1,195	
Insurance	$5,919	($349)	$5,570	$5,570	
Legal Advertising	$4,000	($2,000)	$2,000	$956	
Other Current Charges	$1,000	$0	$1,000	$830	
Office Supplies	$850	($789)	$61	$61	
Dues, Licenses & Subscriptions	$175	$0	$175	$175	
Website design/compliance	$5,625	($5,625)	$0	$0	
Total Administrative	$116,213	$5,365	$121,578	$109,486	

Grounds Maintenance					
Cost Share Landscaping - Rivers Edge	$688,906	$0	$688,906	$688,906	
Field Operations Management (Vesta)	$38,569	$3,462	$42,031	$42,031	
Landscape Maintenance	$241,438	$118,562	$360,000	$330,438	
Lake Maintenance	$20,000	$7,987	$27,987	$27,987	
Landscape Replacements	$500	($500)	$0	$0	
Streetlighting	$0	$24,792	$24,792	$24,792	
Total Grounds Maintenance	$989,413	$154,303	$1,143,716	$1,114,154	

	Adopted FY22
Budget	Increase/
(Decrease)	Amended FY22
Budget	Actual
9/30/22	

Amenity Center - River House					
General & Lifestyle Manager (Vesta)	$67,000	$22,488	$89,488	$89,488	
Hospitality Staff (Vesta)	$117,895	($19,755)	$98,140	$98,140	
Security Monitoring	$5,000	($5,000)	$0	$0	
Telephone	$10,260	$585	$10,845	$10,845	
Insurance	$56,270	($804)	$55,466	$55,466	
General Facility & Common Grounds Maint (Vesta)	$61,289	$9,583	$70,872	$70,872	
Pool Maintenance(Vesta)	$19,260	($9,804)	$9,456	$9,456	
Pool Chemicals(Poolsure)	$8,343	$954	$9,297	$9,297	
Janitorial Services (Vesta)	$17,260	($9,844)	$7,416	$7,416	
Access Cards	$3,500	$0	$3,500	$2,363	
Window Cleaning	$3,500	($3,500)	$0	$0	
Natural Gas	$2,050	$3,189	$5,239	$5,239	
Electric	$20,000	$6,425	$26,425	$26,425	
Sewer/Water/Irrigation	$75,000	$28,373	$103,373	$103,373	
Repair and Replacements	$40,000	$39,515	$79,515	$79,515	
Refuse	$7,500	$6,465	$13,965	$13,965	
Pest Control	$1,920	$0	$1,920	$1,626	
License/Permits	$1,500	$0	$1,500	$700	
Other Current	$1,000	$0	$1,000	$0	
Special Events	$15,000	$20,000	$35,000	$31,839	
Holiday Decorations	$13,000	$9,655	$22,655	$22,655	
Office Supplies/Postage	$1,500	$1,000	$2,500	$2,028	
Café Costs- labor/food/beverage/COGS	$218,690	$331,841	$550,531	$550,531	
Total Amenity Center- River House	$766,737	$431,366	$1,198,103	$1,191,239	

General Reserves	
$75,000	
$0	
$75,000	
$75,000	
Total Expenses	$1,947,363	$591,034	$2,538,397	$2,489,878	
					
Excess Revenues (Expenditures)	$0	$358,750	$358,750	$407,269	

Other Sourses/(Uses)					
Interfund Transfer In /(Out)	$0	($855)	($855)	($855)	
NET CHANGE IN FUND BALANCE	$0	$357,895	$357,895	$406,414	
					
Fund Balance - Beginning	$0	$0	$0	$182,609	
					
Fund Balance - Ending	$0	$0	$0	$589,022