RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING & PUBLIC HEARING
MAY 20, 2019
6:30 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193

www.riversideparkcdd.org 786.347.2711 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA RIVERSIDE PARK
COMMUNITY DEVELOPMENT DISTRICT
Mercedes Benz of Cutler Bay 10701 SW 211th Street
Cutler Bay, Florida 33189
REGULAR BOARD MEETING & PUBLIC HEARING May 20, 2019
6:30 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
March 18, 2019 Regular Board Meeting.	Page 2
Public Hearing
Proof of Publication.	Page 4
Receive Public Comment on Fiscal Year 2019/2020 Final Budget
Consider Resolution No. 2019-02 – Adopting a Fiscal Year 2019/2020 Final Budget.	Page 5
Old Business
New Business
Consider Resolution No. 2019-03 – Adopting a Fiscal Year 2019/2020 Meeting Schedule.	Page 0
Administrative Matters
Statement of Financial Interests-Disclosure – 2018 Form 1, Filing Deadline: July 1, 2019
Financial Update…	Page 0
Board Members/Staff: Additional Comments/Requests
Adjourn

MIAMI DAILY BUSINESS REVIEW
Published Daily except Saturday, Sunday and Legal Holidays
Miami, Miami-Dade County, Florida

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared CHRISTINA RAVIX, who on oath says that he  or  she  is  the LEGAL CLERK, Legal Notices of  the  Miami  Daily  Business Review  f/k/a   Miami   Review,   a   daily   (except   Saturday, Sunday  and  Legal  Holidays)   newspaper,   published   at   Miami in Miami-Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement  of  Notice  in  the matter of

RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2018/2019 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in said newspaper in the issues of 10/05/2018
Affiant further says that the said Miami Daily Business Review is  a  newspaper  published  at  Miami,  in  said  Miami-Dad e  County,  Florida  and   that   the   said   newspaper   has heretofore been continuously published in  said  Miami-Dade County,  Florida  each  day   (except   Saturday,   Sunday   and Legal Holidays) and has been entered  as  second  class  mail matter at the post office in Miami in said Miami-Dade County, Florida, for a period of one  year  next  preceding  the  first publication of the attached copy of advertisement;  and  affiant further says that he or she has neither paid nor promised any person,  firm  or  corporation  any  discount,   rebate,  commission  or refund for the purpose of securing this advertisement for publication in the said newspaper.
Cl./fMW

CHRISTINA RAVIX personally known to me

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['{ . -'{) Commission# GG 121171

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RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
MARCH 18, 2019

CALL TO ORDER

The March 18, 2019, Regular Board Meeting of the Riverside Park Community Development District was called to order at 6:36 p.m. a meeting room of Mercedes Benz of Cutler Bay located at 10701 SW 211th Street, Cutler Bay, Florida 33189.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on October 5, 2018, as part of the District’s Fiscal Year 2018/2019 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of Chairperson Lorraine Torres, Vice Chairman Lariel Torres and Supervisors Ingrid Ojeda and Daniel Alvarez constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Manager Gloria Perez of Special District Services, Inc.; and General Counsel Vanessa Steinerts of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
January 21, 2019, Regular Board Meeting
The minutes of the January 21, 2019, Regular Board Meeting were presented for approval.

A MOTION was made by Chairperson Lorraine Torres, seconded by Vice Chairman Lariel Torres and unanimously passed approving the minutes of January 21, 2019, Regular Board Meeting, as presented.

OLD BUSINESS

There were no old business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2019-01 – Adopting a Fiscal Year 2019/2020 Proposed Budget

Resolution No. 2019-01 was presented, entitled:

RESOLUTION NO. 2019-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2019/2020; AND PROVIDING AN EFFECTIVE DATE.

A MOTION was made by Supervisor Ojeda, seconded by Chairperson Lorraine Torres and passed unanimously to adopt Resolution No. 2019-01, as presented.

ADMINISTRATIVE MATTERS
Office of Records Update

Mrs. Perez announced that the official records of the Riverside Park Community Development District had moved from the Special District Services, Inc. office at 6625 Miami Lakes Drive, Suite 374, Miami Lakes, Florida 33014 to the Special District Services, Inc. office located at 8785 SW 165 Avenue, Suite 200, Miami, Florida 33193.

Financial Update

Mrs. Perez presented the financials in the meeting book and briefly reviewed them with the Board, pointing out that available funds as of February 28, 2019, were $203,759.25.

BOARD MEMBER/STAFF CLOSING COMMENTS

There were no closing comments from the Board Members or Staff.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Chairperson Lorraine Torres, seconded by Supervisor Ojeda and passed unanimously to adjourn the Regular Board Meeting at 6:45 p.m.

ATTESTED BY:

Secretary/Assistant Secretary	Chairperson/Vice-Chair

Miami Daily Business Review
April 30, 2019 Miscellaneous Notices

NOTICE OF PUBLIC HEARING
AND REGULAR BOARD MEETING OF THE RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT

The Board of Supervisors of the Riverside Park Community Development District (the "District") will hold a Public Hearing and Regular Board Meeting on May 20, 2019, at 6:30 p.m., or as soon thereafter as can be heard, in a Meeting Room at Mercedes Benz of Cutler Bay located at 10701 SW 211th Street, Cutler Bay, Florida 33189.
The purpose of the Public Hearing is to receive public comment on the Fiscal Year 2019/2020 Proposed Final Budget of the District. A copy of the Budget and/or the Agenda may be obtained from the District's website or from the offices of the District Manager, 8785 SW 165th Avenue, Suite 200, Miami, Florida 33193, during normal business hours. The purpose of the Regular Board Meeting is for the Board to consider any other business which may come before it. The meetings are open to the public and will be conducted in accordance with the provisions of Florida law for Community Development Districts. Meetings may be continued as found necessary to a time and place specified on the record.
There may be occasions when one or two Supervisors will participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at these meetings should contact the District Manager at (786) 347-2711 Ext 2011, and/or toll free at 1- 877-737-4922, at least seven (7) days prior to the date of the meetings.
If any person decides to appeal any decision made with respect to any matter considered at this Public Hearing and Regular Board Meeting, such person will need a record of the proceedings and such person may need to ensure that a verbatim record of the proceedings is made at their own expense and which record includes the testimony and evidence on which the appeal is based.
Meetings may be cancelled from time to time without advertised notice. Riverside Park Community Development District

www.riversideparkcdd.org 4/30 5/7 19-93/0000397066M

RESOLUTION NO. 2019-02

A RESOLUTION OF THE RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2019/2020 BUDGET.

WHEREAS, the Riverside Park Community Development District (“District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2019/2020 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and,

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non ad-valorem assessments upon the properties within the District.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1.	The Final Budget and Final Special Assessment Roll for Fiscal Year 2019/2020 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.	The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 20th day of May, 2019.

ATTEST:	RIVERSIDE PARK
COMMUNITY DEVELOPMENT DISTRICT

By: 			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Riverside Park Community Development District

Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET IV	ASSESSMENT COMPARISON

FINAL BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2019/2020
ANNUAL BUDGET	
Administrative Assessments	61,122	
Maintenance Assessments	40,221	
Debt Assessments	120,339	
Other Revenues	0	
Interest Income	180	
		
TOTAL REVENUES	$	221,862	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Lawn/Landscape Maintenance	16,500	
Entrance Features	1,000	
Miscellaneous Maintenance/Improvements	7,032	
Border Hedge/Monument/Fence	8,275	
Nutritional Control/Mulch	3,500	
Engineering/Inspections	1,500	
Contingency/Reserve	0	
TOTAL MAINTENANCE EXPENDITURES	$	37,807	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	6,000	
Employer Taxes Payroll	480	
Management	18,480	
Secretarial	2,700	
Legal	8,000	
Assessment Roll	3,500	
Audit Fees	3,600	
Insurance	6,250	
Legal Advertisements	550	
Miscellaneous	950	
Postage	250	
Office Supplies	600	
Dues & Subscriptions	175	
Trustee Fee	4,100	
Continuing Disclosure Fee	250	
Website Management	1,750	
TOTAL ADMINISTRATIVE EXPENDITURES	$	57,635	
		
TOTAL EXPENDITURES	$	95,442	
		
REVENUES LESS EXPENDITURES	$	126,420	
		
Bond Payments	(113,119)	
		
BALANCE	$	13,301	
		
County Appraiser & Tax Collector Fee	(4,434)	
Discounts For Early Payments	(8,867)	
		
EXCESS/ (SHORTFALL)	$	 	
		
Carryover Funds From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	 	

DETAILED FINAL BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	
FISCAL YEAR 2017/2018 ACTUAL	
FISCAL YEAR 2018/2019 ANNUAL BUDGET	
FISCAL YEAR 2019/2020 ANNUAL BUDGET	

COMMENTS	
Administrative Assessments	60,368	60,862	61,122	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	41,159	40,481	40,221	Expenditures/.94	
Debt Assessments	120,339	120,339	120,339	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	367	120	180	Estimated At $15.00 Per Month	
					
TOTAL REVENUES	$	222,233	$	221,802	$	221,862		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Lawn/Landscape Maintenance	13,495	16,500	16,500	No Change From 2018/2019 Budget	
Entrance Features	0	1,000	1,000	No Change From 2018/2019 Budget	
Miscellaneous Maintenance/Improvements	0	7,277	7,032	$245 Decrease From 2018/2019 Budget	
Border Hedge/Monument/Fence	695	8,275	8,275	No Change From 2018/2019 Budget	
Nutritional Control/Mulch	0	3,500	3,500	No Change From 2018/2019 Budget	
Engineering/Inspections	850	1,500	1,500	No Change From 2018/2019 Budget	
Contingency/Reserve	14,300	0	0	Currently $16,270 In Available Funds	

TOTAL MAINTENANCE EXPENDITURES	$	29,340	$	38,052	$	37,807		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	4,000	6,000	6,000	No Change From 2018/2019 Budget	
Employer Taxes Payroll	306	480	480	Projected At 8% Of Supervisor Fees	
Management	17,772	18,144	18,480	CPI Adjustment	
Secretarial	2,700	2,700	2,700	No Change From 2018/2019 Budget	
Legal	7,413	8,000	8,000	No Change From 2018/2019 Budget	
Assessment Roll	3,500	3,500	3,500	No Change From 2018/2019 Budget	
Audit Fees	3,600	3,700	3,600	Accepted Amount For 2018/2019 Audit	
Insurance	5,778	6,356	6,250	Insurance Estimate	
Legal Advertisements	329	575	550	$25 Decrease From 2018/2019 Budget	
Miscellaneous	642	950	950	No Change From 2018/2019 Budget	
Postage	118	275	250	$25 Decrease From 2018/2019 Budget	
Office Supplies	436	625	600	$25 Decrease From 2018/2019 Budget	
Dues & Subscriptions	175	175	175	No Change From 2018/2019 Budget	
Trustee Fee	3,709	4,100	4,100	Trustee (US Bank) Increased Fees In 2018/2019	
Continuing Disclosure Fee	250	250	250	No Change From 2018/2019 Budget	
Website Management	1,500	1,500	1,750	$250 Increase From 2018/2019 Budget	

TOTAL ADMINISTRATIVE EXPENDITURES	$	52,228	$	57,330	$	57,635		
					
TOTAL EXPENDITURES	$	81,568	$	95,382	$	95,442		
					
REVENUES LESS EXPENDITURES	$	140,665	$	126,420	$	126,420		
					
Bond Payments	(114,611)	(113,119)	(113,119)	2020 P & I Payments Less Earned Interest	
					
BALANCE	$	26,054	$	13,301	$	13,301		
					
County Appraiser & Tax Collector Fee	(2,133)	(4,434)	(4,434)	Two Percent Of Total Tax Roll	
Discounts For Early Payments	(8,424)	(8,867)	(8,867)	Four Percent Of Total Tax Roll	
					
EXCESS/ (SHORTFALL)	$	15,497	$	 	$	 		
					
Carryover Funds From Prior Year	0	0	0	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	15,497	$	 	$	 		

DETAILED FINAL DEBT SERVICE FUND BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020
OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2017/2018 ACTUAL	FISCAL YEAR 2018/2019 BUDGET	FISCAL YEAR 2019/2020 BUDGET	

COMMENTS	

Interest Income	
267	
0	
25	
Projected Interest For FY 2019/2020	

NAV Tax Collection	
114,611	
113,119	
113,119	
Maximum Debt Service Collection	

Total Revenues	
$	114,878	
$	113,119	
$	113,144		

EXPENDITURES					

Principal Payments	
65,000	
65,000	
70,000	
Principal Payment Due In 2020	

Interest Payments	
45,825	
42,656	
40,138	
Interest Payments Due In 2020	

Bond Redemption	
0	
5,463	
3,006	
Estimated Excess Debt Collections	

Total Expenditures	
$	110,825	
$	113,119	
$	113,144		

Excess/ (Shortfall)	
$	4,053	
$	-	
$	-		

Series 2014 Bond Refunding Information
Original Par Amount =	$1,630,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.25% 8.25%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	May 2014			
Maturity Date =

Par Amount As Of 1/1/19 =	May 2034

$1,335,000			

Riverside Park Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2016/2017	2017/2018	2018/2019	2019/2020	
Assessment	Assessment	Assessment	Projected Assessment	
   Before Discount* 	  Before Discount*	   Before Discount* 	 	Before Discount*		

Administrative	
$	289.25	
$	293.59	
$	296.89	
$	298.16	
Maintenance	$	205.11	$	200.77	$	197.47	$	196.20	
Debt	$	592.80	$	592.80	$	592.80	$	592.80	
Total	$	1,087.16	$	1,087.16	$	1,087.16	$	1,087.16	

* Assessments Include the Following : 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:
Total Units	205
Prepayments	2
Billed for Debt	203
5/3/2019 5:38 PM	IV

RESOLUTION NO. 2019-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2019/2020 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Riverside Park Community Development District ("District") to establish a regular meeting schedule for fiscal year 2019/2020; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2019/2020 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT, MIAMI- DADE COUNTY, FLORIDA, AS FOLLOWS:

Section 1. The above recitals are hereby adopted.

Section 2.    The regular meeting schedule, time and location for meetings for fiscal    year 2019/2020 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.

PASSED, ADOPTED and EFFECTIVE this 20th day of May, 2019.

ATTEST:	RIVERSIDE PARK
COMMUNITY DEVELOPMENT DISTRICT

By: 			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2019/2020 REGULAR MEETING SCHEDULE

NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Riverside Park Community Development District will hold Regular Meetings at 6:30 p.m. in a Meeting Room at the Mercedes Benz of Cutler Bay, located at 10701 SW 211th Street, Cutler Bay, Florida 33189, on the following dates:

November 18, 2019
January 20, 2020
March 16, 2020
May 18, 2020
August 17, 2020

The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the provisions of Florida law. Copies of the Agendas for any of the meetings may be obtained from the District’s website or by contacting the District Manager at 786-347-2711 Ext. 2011 and/or toll free at 1-877-737-4922 five (5) days prior to the date of the particular meeting.

From time to time one or two Supervisors may participate by telephone; therefore, at the location of these meetings there will be a speaker telephone present so that interested persons can attend the meetings at the above location and be fully informed of the discussions taking place either in person or by telephone communication. Meetings may be continued as found necessary to a time and place specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at these meetings, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.

In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at any of these meetings should contact the District Manager at 786-347-2711 Ext. 2011 and/or toll free at 1-877-737-4922 at least seven (7) days prior to the date of the particular meeting.

RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT

www.riversideparkcdd.org

PUBLISH:  MIAMI DAILY BUSINESS REVIEW	00/00/2019

Riverside Park Community Development District

Financial Report For April 2019

Riverside Park Community Development District
Budget vs. Actual
October 2018 through April 2019

Oct '18 - Apr 19	18-19 Budget	$ Over Budget	% of Budget
  	 
Income

363.100 · Admin Assessments	59,810.41		60,862.00		-1,051.59		98.27%	
363.101 · Maintenance Assessments	39,702.90		40,481.00		-778.10		98.08%	
363.810 · Debt Assessments	117,937.65		120,339.00		-2,401.35		98.01%	
363.820 · Debt Assessment-Paid To Trustee	-112,237.50		-113,119.00		881.50		99.22%	
363.830 · County Tax Collector Fee	-2,089.18		-4,434.00		2,344.82		47.12%	
363.831 · Discounts For Early Payments	-8,414.97		-8,867.00		452.03		94.9%	
369.401 · Interest Income	217.04		120.00		97.04		180.87%	
Total Income	94,926.35		95,382.00		-455.65		99.52%	
Expense								
511.122 · PR Tax Expense	183.60		480.00		-296.40		38.25%	
511.131 · Supervisors Fees	2,400.00		6,000.00		-3,600.00		40.0%	
511.302 · Border Hedge/Monument/Fence	0.00		8,275.00		-8,275.00		0.0%	
511.303 · Nutritional Control/Mulch	0.00		3,500.00		-3,500.00		0.0%	
511.307 · Lawn/Landscape Maintenance	4,692.00		16,500.00		-11,808.00		28.44%	
511.308 · Miscellaneous Maintenance	0.00		7,277.00		-7,277.00		0.0%	
511.309 · Entrance Features	0.00		1,000.00		-1,000.00		0.0%	
511.310 · Engineering	0.00		1,500.00		-1,500.00		0.0%	
511.311 · Management Fees	10,584.00		18,144.00		-7,560.00		58.33%	
511.312 · Secretarial Fees	1,575.00		2,700.00		-1,125.00		58.33%	
511.315 · Legal Fees	0.00		8,000.00		-8,000.00		0.0%	
511.318 · Assessment/Tax Roll	0.00		3,500.00		-3,500.00		0.0%	
511.320 · Audit Fees	0.00		3,700.00		-3,700.00		0.0%	
511.450 · Insurance	5,000.00		6,356.00		-1,356.00		78.67%	
511.480 · Legal Advertisements	101.58		575.00		-473.42		17.67%	
511.512 · Miscellaneous	518.90		950.00		-431.10		54.62%	
511.513 · Postage and Delivery	82.81		275.00		-192.19		30.11%	
511.514 · Office Supplies	199.95		625.00		-425.05		31.99%	
511.516 · Website Management Fee	875.00		1,500.00		-625.00		58.33%	
511.540 · Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733 · Trustee Fees	0.00		4,100.00		-4,100.00		0.0%	
511.734 · Continuing Disclosure Fee	0.00		250.00		-250.00		0.0%	
Total Expense	26,387.84		95,382.00		-68,994.16		27.67%	
Net Income	 	68,538.51		 	0.00		 	68,538.51		 	100.0%	

RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
APRIL 2019

REVENUES	
Annual Budget
10/1/18 - 9/30/19	

Actual Apr-19	
Year To Date Actual
10/1/18 - 4/30/19	
Administrative Assessments	60,862	1,569	59,810	
Maintenance Assessments	40,481	1,043	39,703	
Debt Assessments	120,339	3,100	117,938	
Other Revenue	0	0	0	
Interest Income	120	0	217	
				
Total Revenues	$	221,802	$	5,712	$	217,668	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Lawn/Landscape Maintenance	16,500	0	4,692	
Entrance Features	1,000	0	0	
Miscellaneous Maintenance/Improvements	7,277	0	0	
Border Hedge/Monument/Fence	8,275	0	0	
Nutritional Control/Mulch	3,500	0	0	
Engineering/Inspections	1,500	0	0	
Contingency/Reserve ($16,270 Available)*	0	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	38,052	$	-	$	4,692	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	6,000	0	2,400	
Payroll Taxes - Employer	480	0	184	
Management	18,144	1,512	10,584	
Secretarial	2,700	225	1,575	
Legal	8,000	0	0	
Assessment Roll	3,500	0	0	
Audit Fees	3,700	0	0	
Insurance	6,356	0	5,000	
Legal Advertisements	575	0	101	
Miscellaneous	950	11	519	
Postage	275	17	83	
Office Supplies	625	55	200	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,100	0	0	
Continuing Disclosure Fee	250	0	0	
Website Management	1,500	125	875	
TOTAL ADMINISTRATIVE EXPENDITURES	$	57,330	$	1,945	$	21,696	
				
Total Expenditures	$	95,382	$	1,945	$	26,388	
				
Revenues Less Expenditures	$	126,420	$	3,767	$	191,280	
				
Bond Payments	(113,119)	(3,070)	(112,237)	
				
Balance	$	13,301	$	697	$	79,043	
				
County Appraiser & Tax Collector Fee	(4,434)	(57)	(2,089)	
Discounts For Early Payments	(8,867)	0	(8,415)	
				
Excess/ (Shortfall)	$	-	$	640	$	68,539	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	640	$	68,539	

* Contingency/Reserve Funds Can Be Used In Fiscal Year 18/19 or in Future Fiscal Years. Original Balance = $36,680. Current Balance = $16,270.

Bank Balance As Of 3/31/19	$	219,688.52	
Funds Received: 4/1/19 - 4/30/19	$	5,654.92	
Disbursements: 4/1/19 - 4/30/19	$	2,784.82	
Bank Balance As Of 4/30/19	$	222,558.62	
Accounts Payable As Of 4/30/19	$	5,514.44	
Accounts Receivable As Of 4/30/19	$	-	
Reserve Funds As Of 4/30/19	$	16,270.00	
Available Funds As Of 4/30/19	$	200,774.18	

RIVERSIDE PARK CDD TAX COLLECTIONS 2018-2019

#	

ID#	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Fees	

Discount	

Net From Tax Collector	Admin Assessment Income (Before Discounts & Fees)	Maint Assessment Income (Before Discounts & Fees)	Debt Assessment Income (Before Discounts & Fees)	Admin Assessment Income (After Discounts & Fees)	Maint Assessment Income (After Discounts & Fees)	Debt Assessment Income (After Discounts & Fees)	

Debt Assessment Paid to Trustee	
									$	221,682	$	60,862	$	40,481	$	120,339	$	60,862	$	40,481	$	120,339		
									$	208,381	$	57,210	$	38,052	$	113,119	$	57,210	$	38,052	$	113,119	$	113,119	
1	671	Miami-Dade Tax Collector	10/19/18	NAV Taxes	$	534.68		$	(5.07)	$	(28.07)	$	501.54	$	146.83	$	97.60	$	290.25	$	137.69	$	91.60	$	272.25	$	272.25	
2	456	Miami-Dade Tax Collector	11/20/18	NAV Taxes	$	5,435.80		$	(52.18)	$	(217.45)	$	5,166.17	$ 1,484.45	$	987.35	$	2,964.00	$	1,410.82	$	938.35	$	2,817.00	$	2,817.00	
3	381	Miami-Dade Tax Collector	11/30/18	NAV Taxes	$	32,022.00		$ (307.41)	$ (1,280.94)	$	30,433.65	$ 8,906.70	$	5,924.10	$	17,191.20	$	8,466.75	$	5,628.30	$	16,338.60	$	16,338.60	
4	275	Miami-Dade Tax Collector	12/10/18	NAV Taxes	$ 147,260.96		$ (1,413.70)	$ (5,890.83)	$	139,956.43	$ 40,377.04	$	26,855.92	$	80,028.00	$ 38,373.88	$ 25,523.90	$	76,058.65	$	76,058.65	
5	457	Miami-Dade Tax Collector	12/21/18	NAV Taxes	$	19,568.88		$ (188.19)	$	(750.19)	$	18,630.50	$ 5,344.02	$	3,554.46	$	10,670.40	$	5,088.65	$	3,383.75	$	10,158.10	$	10,158.10	
6	349	Miami-Dade Tax Collector	01/14/19	NAV Taxes	$	5,712.04		$	(54.97)	$	(214.87)	$	5,442.20	$ 1,568.54	$	1,043.00	$	3,100.50	$	1,494.40	$	993.70	$	2,954.10	$	2,954.10	
7	721	Miami-Dade Tax Collector	01/29/19	Interest		$ 117.40			$	117.40	$	117.40			$	117.40			$	-	
8	768	Miami-Dade Tax Collector	02/08/19	NAV Taxes	$	1,087.16		$	(10.54)	$	(32.62)	$	1,044.00	$	296.89	$	197.47	$	592.80	$	285.10	$	189.60	$	569.30	$	569.30	
9	385	Miami-Dade Tax Collector	04/09/19	NAV Taxes	$	5,712.04		$	(57.12)		$	5,654.92	$ 1,568.54	$	1,043.00	$	3,100.50	$	1,552.87	$	1,032.55	$	3,069.50	$	3,069.50	
10									$	-							$	-	
11									$	-							$	-	
12									$	-							$	-	
13									$	-							$	-	
14									$	-							$	-	
15									$	-							$	-	
16									$	-							$	-	
17									$	-							$	-	
18									$	-							$	-	
19									$	-							$	-	
20									$	-								
					$ 217,333.56	$ 117.40	$ (2,089.18)	$ (8,414.97)	$	206,946.81	$ 59,810.41	$ 39,702.90	$ 117,937.65	$ 56,927.56	$ 37,781.75	$ 112,237.50	$ 112,237.50	

Note: $221,682, $60,682, $40,851 and $120,339 are 2018/2019 Budgeted assessments before discounts and fees.
Note: $208,381, $57,210, $38,052 and $113,119 are 2018/2019 Budgeted assessments after discounts and fees.

$	217,333.56		
$	117.40	$ 206,946.81	
$	(59,810.41)	$ (56,927.56)	
$	(39,702.90)	$ (37,781.75)	
$	(117,937.65)	$ (112,237.50)	
$	-	$	-

Riverside Park Community Development District Contingency/Reserve Expenditures
October 2015 - April 2019

	Date		Invoice #		Vendor		Description		Amount	
Contingency/Reserve										
	10/15/2015		Inv# 10152015863		Jag Painting Contractors Inc.		Deposit for invoice 10152015863 (Cleaning & Painting)		2,450.00	
	11/01/2015		Inv# 10152015863A		Jag Painting Contractors Inc.		Final Payment for invoice 10152015863 (Cleaning & Painting)		2,450.00	
	12/07/2015		Inv# 8624		Crespo Lawn Service, Inc.		Installation Of 16 Solar Power Lights		1,210.00	
	02/22/2018		Inv #1304		Royal Plastering Corp.		Fence Repairs & Replacement		14,300.00	

0.00
Total	20,410.00

Original Funds Available For Contingency/Reserve	
Contingency/Reserve Expenditures As Of 4/30/19	
Contingency/Reserve Funds Balance As Of 4/30/19	

$ 36,680.00	
$ 20,410.00	
$ 16,270.00