Riverside Park Community Development District

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

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

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

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Administrative Assessments	61,122	61,378	61,378	
Maintenance Assessments	40,221	40,221	40,221	
Debt Assessments	120,339	120,339	120,339	
Other Income	0	0	0	
Interest Income	180	264	264	
				
TOTAL REVENUES	$	221,862	$	222,202	$	222,202	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	6,000	2,200	2,200	
Employer Taxes - Payrol	480	168	168	
Management	18,480	18,480	18,480	
Secretarial	2,700	2,700	2,700	
Legal	8,000	4,920	4,920	
Assessment Roll	3,500	3,500	3,500	
Audit Fees	3,600	3,600	3,600	
Insurance	6,250	5,251	5,251	
Legal Advertisements	550	900	615	
Miscellaneous	950	600	397	
Postage	250	55	47	
Office Supplies	600	225	195	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,080	4,080	
Continuing Disclosure Fee	250	250	250	
Website Management	1,750	1,750	1,750	
TOTAL ADMINISTRATIVE EXPENDITURES	$	57,635	$	48,854	$	48,328	
				
MAINTENANCE EXPENDITURES				
Lawn/Landscape Maintenance	16,500	8,250	8,250	
Entrance Features	1,000	2,140	2,140	
Miscellaneous Maintenance/Improvements	7,032	1,000	0	
Border Hedge/Monument/Fence	8,275	1,000	0	
Nutritional Control/Mulch	3,500	1,000	0	
Engineering/Inspections	1,500	2,025	2,025	
TOTAL MAINTENANCE EXPENDITURES	$	37,807	$	15,415	$	12,415	
				
TOTAL EXPENDITURES	$	95,442	$	64,269	$	60,743	
				
REVENUES LESS EXPENDITURES	$	126,420	$	157,933	$	161,459	
				
Bond Payments	(113,119)	(114,586)	(114,586)	
				
BALANCE	$	13,301	$	43,347	$	46,873	
				
County Appraiser & Tax Collector Fee	(4,434)	(2,134)	(2,134)	
Discounts For Early Payments	(8,867)	(8,450)	(8,450)	
				
EXCESS/ (SHORTFALL)	$	-	$	32,763	$	36,289	
				
Carryover From Prior Year		0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	32,763	$	36,289	

Notes
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 9/30/20

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$188,064	
$32,763	
$220,827	

11/6/2020 1:10 PM	I

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

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR  TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	25	87	87	
NAV Tax Collection	113,119	114,586	114,586	
Total Revenues	$	113,144	$	114,673	$	114,673	
				
EXPENDITURES				
Principal Payments	70,000	70,000	70,000	
Interest Payments	40,138	41,275	41,275	
Bond Redemption	3,006	0	0	
Total Expenditures	$	113,144	$	111,275	$	111,275	
				
Excess/ (Shortfall)	$	-	$	3,398	$	3,398	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$99,843	
$3,398	
$103,241	

Notes
Reserve Fund Balance = $57,053*. Revenue Fund Balance = $46,188*.
Revenue Fund Balance To Be Used To Make 11/1/2020 Interest Payment Of $19,500.
* 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 9/30/20 =	$1,200,000		

11/6/2020 1:10 PM	II