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	

11/7/2019 8:29 AM	I

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		

11/7/2019 8:29 AM	II