Riverside Park Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Administrative Assessments	61,256	61,351	61,351	
Maintenance Assessments	40,087	40,087	40,087	
Debt Assessments	120,339	120,339	120,339	
Other Income	0	0	0	
Interest Income	240	280	280	
				
TOTAL REVENUES	$	221,922	$	222,057	$	222,057	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	6,000	3,200	3,200	
Employer Taxes - Payroll	480	245	245	
Management	18,990	18,900	18,900	
Secretarial	2,700	2,700	2,700	
Legal	8,000	5,822	5,822	
Assessment Roll	3,500	3,500	3,500	
Audit Fees	3,600	3,600	3,600	
Insurance	6,000	5,513	5,513	
Legal Advertisements	550	550	383	
Miscellaneous	950	750	456	
Postage	225	115	109	
Office Supplies	550	225	194	
Dues & Subscriptions	175	175	175	
Trustee Fee	4,100	4,079	4,079	
Continuing Disclosure Fee	250	250	250	
Website Management	1,750	1,750	1,750	
TOTAL ADMINISTRATIVE EXPENDITURES	$	57,820	$	51,374	$	50,876	
				
MAINTENANCE EXPENDITURES				
Lawn/Landscape Maintenance	16,500	14,000	11,550	
Entrance Features	1,000	1,000	0	
Miscellaneous Maintenance/Improvements	6,907	6,900	5,800	
Border Hedge/Monument/Fence	8,275	1,000	0	
Nutritional Control/Mulch	3,500	1,000	0	
Engineering/Inspections	1,500	975	975	
Contingency/Reserve	0	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	37,682	$	24,875	$	18,325	
				
TOTAL EXPENDITURES	$	95,502	$	76,249	$	69,201	
				
REVENUES LESS EXPENDITURES	$	126,420	$	145,808	$	152,856	
				
Bond Payments	(113,119)	(114,585)	(114,585)	
				
BALANCE	$	13,301	$	31,223	$	38,271	
				
County Appraiser & Tax Collector Fee	(4,434)	(2,133)	(2,133)	
Discounts For Early Payments	(8,867)	(8,451)	(8,451)	
				
EXCESS/ (SHORTFALL)	$	-	$	20,639	$	27,687	
				
Carryover From Prior Year		0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	20,639	$	27,687	

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 9/30/21.

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$224,353	
$20,639	
$244,992	

10/28/2021 10:25 AM	I

AMENDED FINAL BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET 10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	25	7	7	
NAV Tax Collection	113,119	114,585	114,585	
Total Revenues	$	113,144	$	114,592	$	114,592	
				
EXPENDITURES				
Principal Payments	70,000	70,000	70,000	
Interest Payments	37,863	39,000	39,000	
Bond Redemption	5,281	0	0	
Total Expenditures	$	113,144	$	109,000	$	109,000	
				
Excess/ (Shortfall)	$	-	$	5,592	$	5,592	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$103,241	
$5,592	
$108,833	

Notes
Reserve Fund Balance = $57,056*. Revenue Fund Balance = $51,777*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $18,363 And Extraordinary Principal Payment Of $10,000.
* 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 9/30/21 =	$1,130,000		

10/28/2021 10:25 AM	II