Riverside Park Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Administrative Assessments	61,387	61,477	61,477	
Maintenance Assessments	39,956	39,956	39,956	
Debt Assessments	120,339	120,340	120,340	
Other Income	0	0	0	
Interest Income	240	300	296	
				
TOTAL REVENUES	$	221,922	$	222,073	$	222,069	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	6,000	2,200	2,200	
Employer Taxes - Payrol	480	168	168	
Management	19,164	19,164	19,164	
Secretarial	2,700	2,700	2,700	
Legal	8,000	8,000	5,689	
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	650	900	570	
Miscellaneous	850	850	695	
Postage	200	190	178	
Office Supplies	525	375	327	
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	$	57,944	$	53,415	$	50,559	
				
MAINTENANCE EXPENDITURES				
Lawn/Landscape Maintenance	16,500	16,500	14,254	
Entrance Features	1,000	1,000	0	
Miscellaneous Maintenance/Improvements	6,783	2,500	0	
Border Hedge/Monument/Fence	8,275	1,000	0	
Nutritional Control/Mulch	3,500	1,000	0	
Engineering/Inspections	1,500	3,500	1,825	
Contingency/Reserve	0	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	37,558	$	25,500	$	16,079	
				
TOTAL EXPENDITURES	$	95,502	$	78,915	$	66,638	
				
REVENUES LESS EXPENDITURES	$	126,420	$	143,158	$	155,431	
				
Bond Payments	(113,119)	(114,540)	(114,540)	
				
BALANCE	$	13,301	$	28,618	$	40,891	
				
County Appraiser & Tax Collector Fee	(4,434)	(2,132)	(2,132)	
Discounts For Early Payments	(8,867)	(8,538)	(8,538)	
				
EXCESS/ (SHORTFALL)	$	-	$	17,948	$	30,221	
				
Carryover From Prior Year		0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	17,948	$	30,221	

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 9/30/22

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$252,040	
$17,948	
$269,988	

9/29/2022 9:11 AM	I

RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET 10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 9/29/22	
Interest Income	25	6	5	
NAV Tax Collection	113,119	114,540	114,540	
Total Revenues	$	113,144	$	114,546	$	114,545	
				
EXPENDITURES				
Principal Payments	75,000	75,000	75,000	
Interest Payments	35,506	36,563	36,563	
Bond Redemption	2,638	10,000	10,000	
Total Expenditures	$	113,144	$	121,563	$	121,563	
				
Excess/ (Shortfall)	$	-	$	(7,017)	$	(7,018)	

FUND BALANCE AS OF 9/30/21	
FY 2021/2022 ACTIVITY	
FUND BALANCE AS OF 9/30/22	

$108,833	
($7,017)	
$101,816	

Notes
Reserve Fund Balance = $57,059*. Revenue Fund Balance = $44,757*.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $16,981.
* Approximate Amounts

Series 2014 Bond Refunding Informatio
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 =

Par Amount As Of 9/30/22 =	May 2034

$1,045,000	May 1st & November 1st	

9/29/2022 9:11 AM	II