RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING NOVEMBER 18, 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
November 18, 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
May 20, 2019 Regular Board Meeting & Public Hearing	Page 2
Old Business
New Business
Consider Resolution No. 2019-04 – Adopting a Fiscal Year 2018/2019	Page 6
Consider Approval of Pressure Cleaning & Painting as Needed of the Columns & Monuments.Page 11
Administrative Matters
Financial Risk Management Policy/Review	Page 15
Financial Update	Page 16
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 GUILLERMO GARCIA, who on oath says that he or she is the DIRECTOR OF OPERATIONS, Legal Notices of the Miami Daily

Business Saturday, published

Review    f/k/a    Miami    Review,   a   daily		(except Sunday	and	Legal	Holidays)	newspaper,
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 2019/2020 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in said newspaper in the issues of 11/08/2019

/

Affiant further says that the said Miami  Daily  Business Review is a newspaper published at Miami, in said Miami-Dade 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

JI	

newspaper.

.	/'

GUILLERMO GARCIA personally known to me

RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING
MAY 20, 2019

CALL TO ORDER

The May 20, 2019, Regular Board Meeting of the Riverside Park Community Development District was called to order at 6:38 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

Supervisor Ojeda requested that proposals be obtained for Board consideration for the pressure cleaning of the columns and entry features.

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
March 18, 2019, Regular Board Meeting
The minutes of the March 18, 2019, Regular Board Meeting were presented for approval.

A MOTION was made by Supervisor Alvarez, seconded by Chairperson Lorraine Torres and unanimously passed approving the minutes of March 18, 2019, Regular Board Meeting, as presented.

Mrs. Perez then recessed the Regular Board Meeting and simultaneously called to order at approximately 6:41 p.m. the Public Hearing.

PUBLIC HEARING
Proof of Publication

Proof of publication was presented that notice of the Public Hearing had been published in the Miami Daily Business Review on April 30, 2019, and May 7, 2019, as legally required.

Receive Public Comment on Fiscal Year 2019/2020 Final Budget

Mrs. Perez then opened the public comment portion of the Public Hearing to receive comments on the fiscal year 2019/2020 final budget and non-ad valorem special assessments. There were no comments.

At approximately 6:43 p.m., with there being no further final budget or assessment business to conduct, Mrs. Perez adjourned the Public Hearing and simultaneously reconvened the Regular Board Meeting.

Consider Resolution No. 2019-02 – Adopting a Fiscal Year 2019/2020 Final Budget

Mrs. Perez presented Resolution No. 2019-02, entitled:

RESOLUTION NO. 2019-02

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

Mrs. Perez read the title of the resolution into the record and stated that it provides for approving and adopting the fiscal year 2019/2020 final budget and the non-ad valorem special assessments. A brief discussion ensued.

A MOTION was made by Supervisor Ojeda, seconded by Chairperson Lorraine Torres and unanimously passed to adopt Resolution No. 2019-02, approving the Fiscal Year 2019/2020 Final Budget, as presented and setting the fiscal year 2019/2020 Final Budget and non-ad valorem special assessment tax roll (Assessment Levy).

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2019-03 – Adopting a Fiscal Year 2019/2020 Meeting Schedule

Mrs. Perez presented Resolution No. 2019-03, entitled:

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.

Mrs. Perez read the title of the Resolution into the record and noted that meetings would remain at the same location of the meeting room on the second floor of Mercedes Benz of Cutler Bay located at 10701 SW 211th St, Cutler Bay, Florida 33189, with the same start time of 6:30 p.m.

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 Amended Budget
January 20, 2020 Due to the Martin Luther King holiday this date was omitted.
March 16, 2020 Proposed Budget
May 18, 2020 Final Budget
August 17, 2020

A MOTION was made by Supervisor Ojeda, seconded by Supervisor Alvarez and unanimously passed to adopt Resolution No. 2019-03, approving the Fiscal Year 2019/2020 Regular Meeting Schedule as modified for Fiscal Year 2019-2020, holding meetings in the second floor, meeting room of Mercedes Benz of Cutler Bay located at 10701 SW 211th St, Cutler Bay, Florida 33189, with the start time of 6:30 p.m., and authorizes the advertisement of same, as required by law.

ADMINISTRATIVE MATTERS
Statement of Financial Interests – 2018 Form 1

The Board was reminded of the importance of completing and mailing to the Supervisor of Elections within the County of residency their individual 2018 Statement of Financial Interests Form 1. The deadline for submittal is July 1, 2019.

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 April 30, 2019, were $200,774.18.

BOARD MEMBER/STAFF CLOSING COMMENTS

Mrs. Perez provided the Board with an update regarding the South Florida Water Management District (SFWMD) complaints that she had received from a few of the residents, which were forwarded to SFWMD regarding communications with the Commissioner’s office pertaining to same.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Chairperson Lorraine Torres, seconded by Supervisor Alvarez and passed unanimously to adjourn the Regular Board Meeting at 7:04 p.m.

ATTESTED BY:

 	
Secretary/Assistant Secretary	Chairperson/Vice-Chair

RESOLUTION NO. 2019-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2018/2019 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Riverside Park Community Development District (“District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

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

Section 1. The Amended Budget for Fiscal  Year  2018/2019  attached  hereto  as  Exhibit “A” is hereby approved and adopted.

Section 2.   The Secretary/Assistant 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 18th day of November, 2019.

ATTEST:	RIVERSIDE PARK
COMMUNITY DEVELOPMENT DISTRICT

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

Riverside Park Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Administrative Assessments	60,862	61,142	61,142	
Maintenance Assessments	40,481	40,481	40,481	
Debt Assessments	120,339	120,339	120,339	
Other Income	0		0	
Interest Income	120	413	413	
				
TOTAL REVENUES	$	221,802	$	222,375	$	222,375	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	6,000	3,200	3,200	
Employer Taxes - Payrol	480	245	245	
Management	18,144	18,144	18,144	
Secretarial	2,700	2,700	2,700	
Legal	8,000	5,260	5,260	
Assessment Roll	3,500	3,500	3,500	
Audit Fees	3,700	3,600	3,600	
Insurance	6,356	5,000	5,000	
Legal Advertisements	575	575	266	
Miscellaneous	950	850	652	
Postage	275	120	113	
Office Supplies	625	300	275	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,080	4,080	
Continuing Disclosure Fee	250	250	250	
Website Management	1,500	1,500	1,500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	57,330	$	49,499	$	48,960	
				
MAINTENANCE EXPENDITURES				
Lawn/Landscape Maintenance	16,500	9,192	9,192	
Entrance Features	1,000	0	0	
Miscellaneous Maintenance/Improvements	7,277	2,500	0	
Border Hedge/Monument/Fence	8,275	0	0	
Nutritional Control/Mulch	3,500	0	0	
Engineering/Inspections	1,500	2,000	0	
Contingency/Reserve	0	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	38,052	$	13,692	$	9,192	
				
TOTAL EXPENDITURES	$	95,382	$	63,191	$	58,152	
				
REVENUES LESS EXPENDITURES	$	126,420	$	159,184	$	164,223	
				
Bond Payments	(113,119)	(114,615)	(114,615)	
				
BALANCE	$	13,301	$	44,569	$	49,608	
				
County Appraiser & Tax Collector Fee	(4,434)	(2,134)	(2,134)	
Discounts For Early Payments	(8,867)	(8,415)	(8,415)	
				
EXCESS/ (SHORTFALL)	$	-	$	34,020	$	39,059	
				
Carryover From Prior Year		0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	34,020	$	39,059	

* Contingency/Reserve Funds ($16,270) To Be Used In Future Years Original Contingency/Reserve Funds Amount Was $36,680 Contingency/Reserve Funds are included in Fund Balance As Of 9/30/19

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$148,505	
$34,020	
$182,525	

AMENDED FINAL BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR  TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	0	343	343	
NAV Tax Collection	113,119	114,615	114,615	
Total Revenues	$	113,119	$	114,958	$	114,958	
				
EXPENDITURES				
Principal Payments	65,000	65,000	65,000	
Interest Payments	42,656	43,550	43,550	
Bond Redemption	5,463	10,000	10,000	
Total Expenditures	$	113,119	$	118,550	$	118,550	
				
Excess/ (Shortfall)	$	-	$	(3,592)	$	(3,592)	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$103,435	
($3,592)	
$99,843	

Notes
Reserve Fund Balance = $57,005*. Revenue Fund Balance = $42,838*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $20,638.
* Approximate Amounts

Series 2014 Bond Refunding Information		
Original Par Amount =	$1,630,000	Annual Principal Payments Due:	
Interest Rate =	3.25% - 8.25%	May 1st	
Issue Date =	May 2014	Annual Interest Payments Due:	
Maturity Date =	May 2034	May 1st & November 1st	
Par Amount As Of 9/30/19 =	$1,270,000		

Touch Up Painting

(Columns & Signs

Pressure Cleaning

SW 102nd PATH

SW 102nd COURT

sw 102nd CT

SW 225th LANE

SW 226th TERRACE

SW 227th STREET

SW 227th LANE

LEGEND :
DI STRICT BOUNDARY

ALVAREZ ENGINEERS, INC
RIVERSIDE PARK C.D.D
EXHIBIT 1 – District Boundary

Elite Property Service
& Painting Corp.
Proposal submitted to:

Riverside Park Community Development District Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, FL 33410
Att.: Julian Romero

EXTERIOR PRESSURE WASH OF FIVE MONUMENT SIGNS AND 48 COLUMNS AND PAINT 5 COLUMNS AT RIVERSIDE PARK COMMUNITY. LOCATED AT 22575 SW 102
Court, MIAMI

WORK TO BE PERFORM:

Bleach wash all mildew areas.
Completely pressure clean all exterior masonry surfaces.
Apply one coat of Masonry Conditioner Clear Sealer to all exterior masonry surfaces.
Patch and repair static & dynamic cracks, loose or broken stucco with Elastomeric Patching Compound, brush grade.
Finish coat for all exterior masonry surfaces shall be Satin Exterior 100% Acrylic latex Sherwin Williams paint to a smooth and uniform finish.
Paint Letters on Monument Signs Letters with DTM Satin Finish

PROPOSAL SUMS:

$3,500.00

WHEN DULY SIGNED AND DATED, THIS PROPOSAL SHALL BE A BINDING CONTRACT BETWEEN THE PARTIES INVOLVED.

---------------------------------	---------------------------------------
Special District Services, Inc.	Elite Property Service & Painting Corp.

Title & Date: 		Title & Date 	

13476 SW 22nd Street Miramar, FL 33027
Thepressurecleaningman@gmail.com www.Thepressurecleaningman.com Cell: (954)328-8964
License Dade County No. 14BS00064 License Broward County No. 11-RP-17299-X

The Pressure Cleaning Man
Estimate

For:	Riverside Park	Estimate No:	765	
	JRomero@sdsinc.org	Date:	05/29/2019	

Description	Amount

Pressure cleaning of

1. Riverside Park community signs (5) @ $135 each sign

$670.00

Pressure cleaning of

1. 48 column signs around the perimeter of community @$15 each column

$720.00

Painting of:

(5) Columns running south from main monument sign located at SW 224 Street and Old Cutler Road. $150 each

$750.00

Subtotal	$2,140.00
Total	$2,140.00

Total	$2,140.00

Notes
Pricing may change if job specifications/materials change.

Pressure washing ground work does NOT remove any gum, rust stains, tire marks, or oil stains unless specified otherwise in estimate content. The above mention require to be treated with special chemicals/techniques.

The Pressure Cleaning Man - Estimate 765 - 05/29/2019

Vendor will supply all labor, materials, and water needed to complete the job in a professional manner. Timeframe of job 1 day.
We look forward to working with you!

The Pressure Cleaning Man	Client's signature

FINANCIAL RISK MANAGEMENT POLICY

Special District Services, Inc. (“SDS, Inc.”), acting in the capacity of District Manager, as part of good management practices and  to  satisfy  annual  audit  requirements  does  implement certain measures and procedures to identify and mitigate financial mismanagement/fraud risks, as follows:

Each month the District’s operating/checking bank account is reconciled by an authorized person who has not deposited funds to, processed expenditures or  written checks from, that particular operating/checking account; and

Each expenditure from the District’s operating/checking account requires a minimum of two (2) approvals from authorized staff and/or District officials and the  respective approvals are provided by persons other than the preparer of the expenditure(s); and

All financial transactions are logged and maintained by the District Manager for record keeping purposes; and

A designated member of the Board (by an electronic approval procedure) has an opportunity to review the District’s expenditure(s) prior to the payment(s) being released; and

The District engages an independent firm, pursuant to Chapter 218.391, Florida Statutes, to audit the prior year’s financial activities (October 1st through September 30th) from which an independent fiscal year annual audit is prepared; and

Within sixty (60) days of the end of each fiscal year (September 30th) the District’s Board of Supervisors reviews, pursuant to Chapter 189.418(5), Florida Statutes, the prior year’s budget relative to actual revenues and expenditures and adopts by resolution an amended/revised final budget.

Riverside Park Community Development District

Financial Report For September 2019

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

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

363.100 ꞏ Admin Assessments	61,142.06		60,862.00		280.06		100.46%	
363.101 ꞏ Maintenance Assessments	40,481.15		40,481.00		0.15		100.0%	
363.810 ꞏ Debt Assessments	120,339.25		120,339.00		0.25		100.0%	
363.820 ꞏ Debt Assessment-Paid To Trustee	-114,615.15		-113,119.00		-1,496.15		101.32%	
363.830 ꞏ County Tax Collector Fee	-2,133.98		-4,434.00		2,300.02		48.13%	
363.831 ꞏ Discounts For Early Payments	-8,414.97		-8,867.00		452.03		94.9%	
369.401 ꞏ Interest Income	412.78		120.00		292.78		343.98%	
Total Income	97,211.14		95,382.00		1,829.14		101.92%	
Expense								
511.122 ꞏ PR Tax Expense	244.80		480.00		-235.20		51.0%	
511.131 ꞏ Supervisors Fees	3,200.00		6,000.00		-2,800.00		53.33%	
511.302 ꞏ Border Hedge/Monument/Fence	0.00		8,275.00		-8,275.00		0.0%	
511.303 ꞏ Nutritional Control/Mulch	0.00		3,500.00		-3,500.00		0.0%	
511.307 ꞏ Lawn/Landscape Maintenance	9,192.00		16,500.00		-7,308.00		55.71%	
511.308 ꞏ Miscellaneous Maintenance	0.00		7,277.00		-7,277.00		0.0%	
511.309 ꞏ Entrance Features	0.00		1,000.00		-1,000.00		0.0%	
511.310 ꞏ Engineering	0.00		1,500.00		-1,500.00		0.0%	
511.311 ꞏ Management Fees	18,144.00		18,144.00		0.00		100.0%	
511.312 ꞏ Secretarial Fees	2,700.00		2,700.00		0.00		100.0%	
511.315 ꞏ Legal Fees	5,260.00		8,000.00		-2,740.00		65.75%	
511.318 ꞏ Assessment/Tax Roll	3,500.00		3,500.00		0.00		100.0%	
511.320 ꞏ Audit Fees	3,600.00		3,700.00		-100.00		97.3%	
511.450 ꞏ Insurance	5,000.00		6,356.00		-1,356.00		78.67%	
511.480 ꞏ Legal Advertisements	266.28		575.00		-308.72		46.31%	
511.512 ꞏ Miscellaneous	652.39		950.00		-297.61		68.67%	
511.513 ꞏ Postage and Delivery	113.18		275.00		-161.82		41.16%	
511.514 ꞏ Office Supplies	275.35		625.00		-349.65		44.06%	
511.516 ꞏ Website Management Fee	1,500.00		1,500.00		0.00		100.0%	
511.540 ꞏ Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733 ꞏ Trustee Fees	4,079.63		4,100.00		-20.37		99.5%	
511.734 ꞏ Continuing Disclosure Fee	250.00		250.00		0.00		100.0%	
Total Expense	58,152.63		95,382.00		-37,229.37		60.97%	
Net Income	 	39,058.51		 	0.00		 	39,058.51		 	100.0%	

RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
SEPTEMBER 2019

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

Actual Sep-19	
Year To Date Actual
10/1/18 - 9/30/19	
Administrative Assessments	60,862	0	61,142	
Maintenance Assessments	40,481	0	40,481	
Debt Assessments	120,339	0	120,339	
Other Revenue	0	0	0	
Interest Income	120	24	413	
				
Total Revenues	$	221,802	$	24	$	222,375	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Lawn/Landscape Maintenance	16,500	750	9,192	
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	$	750	$	9,192	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	6,000	0	3,200	
Payroll Taxes - Employer	480	0	245	
Management	18,144	1,512	18,144	
Secretarial	2,700	225	2,700	
Legal	8,000	400	5,260	
Assessment Roll	3,500	3,500	3,500	
Audit Fees	3,700	0	3,600	
Insurance	6,356	0	5,000	
Legal Advertisements	575	0	266	
Miscellaneous	950	14	652	
Postage	275	1	113	
Office Supplies	625	1	275	
Dues & Subscriptions	175	0	175	
Trustee Fee	4,100	0	4,080	
Continuing Disclosure Fee	250	250	250	
Website Management	1,500	125	1,500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	57,330	$	6,028	$	48,960	
				
Total Expenditures	$	95,382	$	6,778	$	58,152	
				
Revenues Less Expenditures	$	126,420	$	(6,754)	$	164,223	
				
Bond Payments	(113,119)	0	(114,615)	
				
Balance	$	13,301	$	(6,754)	$	49,608	
				
County Appraiser & Tax Collector Fee	(4,434)	0	(2,134)	
Discounts For Early Payments	(8,867)	0	(8,415)	
				
Excess/ (Shortfall)	$	-	$	(6,754)	$	39,059	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(6,754)	$	39,059	

* 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 8/31/19	$	198,262.17	
Funds Received: 9/1/19 - 9/30/19	$	24.16	
Disbursements: 9/1/19 - 9/30/19	$	3,044.09	
Bank Balance As Of 9/30/19	$	195,242.24	
Accounts Payable As Of 9/30/19	$	7,678.06	
Accounts Receivable As Of 9/30/19	$	-	
Reserve Funds As Of 9/30/19	$	16,270.00	
Available Funds As Of 9/30/19	$	171,294.18	

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	833	Miami-Dade Tax Collector	05/03/19	Interest		$	11.60			$	11.60	$	11.60			$	11.60			$	-	
11	452	Miami-Dade Tax Collector	05/09/19	NAV Taxes	$	1,087.16		$	(10.88)		$	1,076.28	$	296.89	$	197.47	$	592.80	$	293.88	$	195.50	$	586.90	$	586.90	
12	321	Miami-Dade Tax Collector	06/10/19	NAV Taxes/Interest	$	1,087.16	$	32.61	$	(11.19)		$	1,108.58	$	329.50	$	197.47	$	592.80	$	326.18	$	195.50	$	586.90	$	586.90	
13	652	Miami-Dade Tax Collector	06/24/19	NAV Taxes/Interest (TC)	$	2,174.32	$	97.84	$	(22.73)		$	2,249.43	$	672.85	$	383.31	$	1,216.00	$	666.08	$	379.50	$	1,203.85	$	1,203.85	
14	358	Miami-Dade Tax Collector	07/23/19	Interest		$	20.81			$	20.81	$	20.81			$	20.81			$	-	
15									$	-							$	-	
16									$	-							$	-	
17									$	-							$	-	
18									$	-							$	-	
					$ 221,682.20	$ 280.26	$ (2,133.98)	$ (8,414.97)	$	211,413.51	$ 61,142.06	$ 40,481.15	$ 120,339.25	$ 58,246.11	$ 38,552.25	$ 114,615.15	$ 114,615.15	

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.

$	221,682.20		
$	280.26	$ 211,413.51	
$	(61,142.06)	$ (58,246.11)	
$	(40,481.15)	$ (38,552.25)	
$	(120,339.25)	$ (114,615.15)	
$	-	$	-

Riverside Park Community Development District Contingency/Reserve Expenditures
October 2015 - September 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 9/30/19	
Contingency/Reserve Funds Balance As Of 9/30/19	

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