Riverside Park Community Development District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2025/2026
ANNUAL BUDGET	
Administrative Assessments	62,975	
Maintenance Assessments	39,774	
Debt Assessments	118,812	
Other Revenues	0	
Interest Income	1,200	
		
TOTAL REVENUES	$	222,761	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Lawn/Landscape Maintenance	16,500	
Entrance Features	1,000	
Miscellaneous Maintenance/Improvements	6,613	
Border Hedge/Monument/Fence	8,275	
Nutritional Control/Mulch	3,500	
Engineering/Inspections	1,500	
Contingency/Reserve	0	
TOTAL MAINTENANCE EXPENDITURES	$	37,388	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	6,000	
Employer Taxes - Payroll	480	
Management	21,516	
Secretarial	2,700	
Legal	8,000	
Assessment Roll	3,500	
Audit Fees	3,600	
Insurance	7,100	
Legal Advertisements	2,300	
Miscellaneous	800	
Postage	200	
Office Supplies	450	
Dues & Subscriptions	175	
Trustee Fee	4,100	
Continuing Disclosure Fee	250	
Website Management	1,750	
TOTAL ADMINISTRATIVE EXPENDITURES	$	62,921	
		
TOTAL EXPENDITURES	$	100,309	
		
REVENUES LESS EXPENDITURES	$	122,452	
		
Bond Payments	(111,683)	
		
BALANCE	$	10,769	
		
County Appraiser & Tax Collector Fee	(4,431)	
Discounts For Early Payments	(8,863)	
		
EXCESS/ (SHORTFALL)	$	(2,525)	
		
Carryover Funds From Prior Year	2,525	
		
NET EXCESS/ (SHORTFALL)	$	-	

I

DETAILED FINAL BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 ANNUAL BUDGET	
FISCAL YEAR 2025/2026 ANNUAL BUDGET	

COMMENTS	
Administrative Assessments	63,607	63,081	62,975	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	39,774	39,774	39,774	Expenditures/.94	
Debt Assessments	118,812	118,812	118,812	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	18,071	600	1,200	Estimated At $100 Per Month	
					
TOTAL REVENUES	$	240,264	$	222,267	$	222,761		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Lawn/Landscape Maintenance	12,750	16,500	16,500	No Change From 2024/2025 Budget	
Entrance Features	0	1,000	1,000	No Change From 2024/2025 Budget	
Miscellaneous Maintenance/Improvements	0	6,613	6,613	No Change From 2024/2025 Budget	
Border Hedge/Monument/Fence	0	8,275	8,275	No Change From 2024/2025 Budget	
Nutritional Control/Mulch	0	3,500	3,500	No Change From 2024/2025 Budget	
Engineering/Inspections	1,124	1,500	1,500	No Change From 2024/2025 Budget	
Contingency/Reserve	0	0	0	Currently $16,270 In Available Funds	

TOTAL MAINTENANCE EXPENDITURES	$	13,874	$	37,388	$	37,388		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,800	6,000	6,000	No Change From 2024/2025 Budget	
Employer Taxes - Payroll	214	480	480	Projected At 8% Of Supervisor Fees	
Management	20,316	20,916	21,516	CPI Adjustment	
Secretarial	2,700	2,700	2,700	No Change From 2024/2025 Budget	
Legal	8,262	8,000	8,000	No Change From 2024/2025 Budget	
Assessment Roll	3,500	3,500	3,500	No Change From 2024/2025 Budget	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	6,370	7,000	7,100	Fiscal Year 2024/2025 Expenditure Was $6,625	
Legal Advertisements	1,989	2,000	2,300	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	459	825	800	$25 Decrease From 2024/2025 Budget	
Postage	187	200	200	No Change From 2024/2025 Budget	
Office Supplies	412	450	450	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	4,080	4,100	4,100	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	250	250	250	No Change From 2024/2025 Budget	
Website Management	1,750	1,750	1,750	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	56,864	$	61,846	$	62,921		
					
TOTAL EXPENDITURES	$	70,738	$	99,234	$	100,309		
					
REVENUES LESS EXPENDITURES	$	169,526	$	123,033	$	122,452		
					
Bond Payments	(113,182)	(111,683)	(111,683)	2026 Principal & Interest Payments	
					
BALANCE	$	56,344	$	11,350	$	10,769		
					
County Appraiser & Tax Collector Fee	(2,136)	(4,433)	(4,431)	Two Percent Of Total Tax Roll	
Discounts For Early Payments	(8,367)	(8,867)	(8,863)	Four Percent Of Total Tax Roll	
					
EXCESS/ (SHORTFALL)	$	45,841	$	(1,950)	$	(2,525)		
					
Carryover Funds From Prior Year	0	1,950	2,525	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	45,841	$	-	$	-		

II

DETAILED FINAL DEBT SERVICE FUND BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
1,447	
400	
500	
Projected Interest For FY 2025/2026	

NAV Tax Collection	
113,182	
111,683	
111,683	
Maximum Debt Service Collection	

Total Revenues	
$	114,629	
$	112,083	
$	112,183		

EXPENDITURES					

Principal Payments	
61,000	
65,000	
69,000	
Principal Payment Due In 2026	

Interest Payments	
49,170	
46,378	
42,572	
Interest Payments Due In 2026	

Bond Redemption	
0	
705	
611	
Estimated Excess Debt Collections	

Total Expenditures	
$	110,170	
$	112,083	
$	112,183		

Excess/ (Shortfall)	
$	4,459	
$	-	
$	-		

Series 2023 Bond Modification Information
Original Par Amount =	$910,000	May 1st	
Interest Rate =	5.68%	May 1st & November 1st	
Modification Date =	June 2023		
Maturity Date =

Par Amount As Of 1/1/25 =	May 2034

$849,000		

III

Riverside Park Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
 Before Discount* 	 Before Discount* 	  Before Discount* 		Before Discount*		
Administrative	$	299.45	$	307.85	$	307.72	$	307.20	
Maintenance	$	194.91	$	194.03	$	194.03	$	194.03	
Debt	$	592.80	 $	585.28	 $	585.28	 $	585.28	
Total	$	1,087.16	$	1,087.16	$	1,087.03	$	1,086.51	

* Assessments Include the Following :				
4% Discount for Early Payments				
1% County Tax Collector Fee				
1% County Property Appraiser Fee				

Community Information:				
Total Units	205				
Prepayments	2				
Billed for Debt	203				
	IV