RESOLUTION 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RIVERS EDGE II COMMUNITY DEVELOPMENT DISTRICT AMENDING THE FISCAL YEAR 2025 BUDGET; AND PROVIDING FOR CONFLICTS, SEVERABILITY, AND AN EFFECTIVE DATE.
WHEREAS, the Rivers Edge II Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, located in St. Johns County, Florida; and

WHEREAS, the Board of Supervisors of the District (“Board”) previously adopted a final budget (“Budget”) for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“Fiscal Year 2025”); and

WHEREAS, the Board desires to amend the Fiscal Year 2025 Budget to reflect changes to budgeted revenues and expenses approved during Fiscal Year 2025; and
WHEREAS, pursuant to Chapters 189 and 190, Florida Statutes, the Board is authorized to amend the Fiscal Year 2025 Budget within sixty (60) days following the end of Fiscal Year 2025; and

WHEREAS, the Board finds that it is in the best interest of the District and its landowners to amend the Fiscal Year 2025 Budget to reflect the actual appropriations.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RIVERS EDGE II COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. BUDGET AMENDMENT.
The Board has reviewed the proposed amended Budget, copies of which are on file with the office of the District Manager and at the District’s Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The amended Budget attached hereto as Exhibit A and incorporated herein by reference as further amended by the Board is hereby adopted in accordance with the provisions of sections 190.008(2)(a) and 189.016(6), Florida Statutes; provided, however, that the comparative figures contained in the amended Budget as adopted by the Board (together, “Adopted Annual Budget”) may be further revised as deemed necessary by the District Manager to further reflect actual revenues and expenditures for Fiscal Year 2025.

The Adopted Annual Budget shall be maintained in the office of the District Manager and the District Records Office and identified as “The Adopted Budget for Rivers Edge II Community Development District for the Fiscal Year Ending September 30, 2025, as amended and adopted by the Board of Supervisors effective November 19, 2025.”

SECTION 2. APPROPRIATIONS. There is hereby appropriated out of the revenues of the District, the fiscal year beginning October 1, 2024, and ending September 30, 2025, the sums set forth below, to be raised by special assessments or otherwise, which sums are deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

GENERAL FUND	$3,738,994	
DEBT SERVICE FUND – SERIES 2020	$785,987	
DEBT SERVICE FUND – SERIES 2021	$797,704	
CAPITAL RESERVE FUND	$240,663	
TOTAL ALL FUNDS	$5,563,348	

SECTION 3. CONFLICTS. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed.

SECTION 4. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 5. EFFECTIVE DATE. This Resolution shall take effect upon adoption.

PASSED AND ADOPTED this 19th day of November 2025.

ATTEST:	RIVERS EDGE II COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Amended Fiscal Year 2025 Budget

EXHIBIT A
Amended Fiscal Year 2025 Budget

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	

Revenues					
Special Assessments - Tax Roll	$	1,055,360	$	18,139	$	1,073,498	$	1,073,498	
Special Assessments - Direct Bill	185,789	-	185,789	185,789	
Developer Contributions	1,286,220	184,565	1,470,785	1,470,785	
Café Gross Sales	517,856	430,163	948,019	948,019	
Miscellaneous Income	5,000	(3,462)	1,538	1,538	
Insurance Proceeds	-	52,859	52,859	52,859	
Interest	5,000	1,504	6,504	6,504	
Total Revenues	$	3,055,225	$	683,769	$	3,738,993	$	3,738,994	

Expenditures					
General & Administrative:					
Supervisor Fees	$	-	$	5,000	$	5,000	$	5,000	
FICA Expense	-	383	383	383	
District Engineering	15,000	2,000	17,000	15,535	
District Counsel	30,000	5,000	35,000	30,387	
District Management	39,326	-	39,326	39,326	
Construction Accounting	3,710	-	3,710	-	
Assessment Roll Administration	5,618	-	5,618	5,618	
Dissemination Agent	5,618	1,150	6,768	6,768	
Information Technology	2,022	749	2,772	2,772	
Website Administration	1,348	500	1,848	1,848	
Annual Audit	5,000	(880)	4,120	4,120	
Trustee Fees	10,000	-	10,000	3,081	
Arbitrage Rebate	1,200	-	1,200	600	
Telephone	200	(142)	58	58	
Postage & Deleivery	500	910	1,410	1,410	
Printing & Binding	250	659	909	909	
Insurance General Liability	7,961	(216)	7,745	7,745	
Legal Advertising	2,500	1,672	4,172	4,172	
Other Current Charges	500	-	500	11	
Office Supplies	150	(142)	8	8	
Dues, Licenses & Subscriptions	175	-	175	175	
Total General & Administrative	$	131,079	$	16,642	$	147,721	$	129,926	

Operations & Maintenance					
Ground Maintenance:	
Cost Share Landscaping - Rivers Edge	$	801,623	$	-	$	801,623	$	801,623	
Field Operations Management (Vesta)	39,438	-	39,438	39,438	
Landscape Maintenance	424,716	-	424,716	421,074	
Lake Maintenance	23,000	10,000	33,000	30,920	
Landscape Contingency	80,000	65,000	145,000	132,944	
Irrigation Repairs and Replacement	37,000	12,225	49,225	49,225	
Irrigation Water Use	70,000	-	70,000	47,495	
Streetlighting	28,000	-	28,000	23,934	
Total Ground Maintenance	$	1,503,777	$	87,225	$	1,591,002	$	1,546,653	

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	
Amenity Center:	
Cost Share Amenity - Rivers Edge	$	88,478	$	-	$	88,478	$	88,478	
General Manager (Vesta)	46,793	1,555	48,348	48,348	
Amenity Manager (Vesta)	29,632	-	29,632	29,632	
Maintenance Service (Vesta)	103,123	-	103,123	103,123	
Lifestyle Director (Vesta)	43,329	-	43,329	43,329	
Facilities Attendant (Vesta)	113,852	-	113,852	113,852	
Security Monitoring	5,000	-	5,000	420	
Telephone	12,721	554	13,274	13,274	
Insurance	78,540	(5,217)	73,323	73,323	
Pool Chemicals (Poolsure)	10,000	5,000	15,000	13,734	
Janitorial Services (Vesta)	32,875	-	32,875	32,875	
Access Cards	3,500	-	3,500	-	
Window Cleaning	3,500	-	3,500	-	
Natural Gas	4,000	1,463	5,463	5,463	
Electric	28,000	-	28,000	24,933	
Water & Sewer	17,000	-	17,000	13,971	
Repair and Replacements	75,000	60,000	135,000	107,784	
Refuse	20,000	396	20,396	20,396	
Pest Control	1,920	1,000	2,920	2,154	
License & Permits	1,000	-	1,000	350	
Other Current	500	-	500	-	
Special Events	30,000	5,000	35,000	32,109	
Holiday Decorations	23,000	6,974	29,974	29,974	
Office Supplies & Postage	750	-	750	295	
Contingency	5,000	-	5,000	1,305	
Total Amenity Center	$	777,513	$	76,724	$	854,237	$	799,122	

Café Operations:					
Café-Cost of Goods Sold	$	239,259	$	92,560	$	331,819	$	331,819	
Café-Labor	241,176	199,290	440,466	440,466	
Café-Bank Fees	22,631	14,126	36,757	36,757	
Other Expenses related to Café Operations	2,550	(1,690)	860	860	
Café Management	12,240	(12,240)	-	-	
Total Café Operations	$	517,856	$	292,046	$	809,902	$	809,902	

Other Financing Sources/(Uses):

Capital Reserve Funding	$	125,000	$	-	$	125,000	$	125,000	
Total Other Financing Sources/(Uses)	$	125,000	$	-	$	125,000	$	125,000	
					
Total Expenses	$	3,055,225	$	472,638	$	3,527,862	$	3,410,604	
					
Excess Revenues (Expenditures)	$	0	$	211,131	$	211,131	$	328,390	
					
Fund Balance - Beginning	$	(0)	$	(211,131)	$	(211,131)	$	389,491	
					
Fund Balance - Ending	$	-	$	-	$	-	$	717,881	

Rivers Edge II
Community Development District
FY 2025 Budget Amendment
Statement of Revenues, Expenditures, and Changes in Fund Balance Capital Reserve Fund

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	

Revenues					
Capital Reserve Funding	$	125,000	$	-	$	125,000	$	125,000	
Developer Contributions	-	114,016	114,016	114,016	
Interest	1,000	647	1,647	1,647	
Total Revenues	$	126,000	$	114,663	$	240,663	$	240,663	

Expenditures					
Repair and Replacements	$	50,000	$	-	$	50,000	$	27,308	
Capital Outlay	-	215,098	215,098	215,098	
Total General & Administrative Expenditures	$	50,000	$	215,098	$	265,098	$	242,406	
					
Excess Revenues (Expenditures)	$	76,000	$	(100,435)	$	(24,435)	$	(1,743)	
					
Fund Balance - Beginning	$	193,794			$	162,933	
					
Fund Balance - Ending	$	269,794			$	161,190