Riverside Park Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

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 9/30/25.
Carryover from prior year of $1,950 was used to reduce Fiscal Year 2024/2025 Assessments.
$2,525 of Fund Balance to be used to reduce 2025/2026 Assessments.

I

10/5/2025 11:49 AM

$355,236

$28,176

$383,412

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Administrative Assessments

63,081

63,446

63,446

Maintenance Assessments

39,774

39,776

39,776

Debt Assessments

118,812

118,812

118,812

Other Income

0

0

0

Interest Income

600

14,300

14,251

TOTAL REVENUES

$	222,267

$	236,334

$	236,285

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

6,000

2,200

2,200

Employer Taxes - Payroll

480

168

168

Management

20,916

20,916

20,916

Secretarial

2,700

2,700

2,700

Legal

8,000

8,500

7,430

Assessment Roll

3,500

3,500

3,500

Audit Fees

3,500

3,500

3,500

Insurance

7,000

6,625

6,625

Legal Advertisements

2,000

3,400

2,324

Miscellaneous

825

825

613

Postage

200

200

174

Office Supplies

450

275

238

Dues & Subscriptions

175

175

175

Trustee Fee

4,100

4,246

4,246

Continuing Disclosure Fee

250

250

250

Website Management

1,750

1,750

1,750

TOTAL ADMINISTRATIVE EXPENDITURES

$	61,846

$	59,230

$	56,809

MAINTENANCE EXPENDITURES

Lawn/Landscape Maintenance

16,500

15,000

12,725

Entrance Features

1,000

1,875

1,875

Miscellaneous Maintenance/Improvements

6,613

3,000

900

Border Hedge/Monument/Fence

8,275

2,000

0

Nutritional Control/Mulch

3,500

2,000

0

Engineering/Inspections

1,500

1,377

1,377

TOTAL MAINTENANCE EXPENDITURES

$	37,388

$	25,252

$	16,877

TOTAL EXPENDITURES

$	99,234

$	84,482

$	73,686

REVENUES LESS EXPENDITURES

$	123,033

$	151,852

$	162,599

Bond Payments

(111,683)

(113,190)

(113,190)

BALANCE

$	11,350

$	38,662

$	49,409

County Appraiser & Tax Collector Fee

(4,433)

(2,134)

(2,134)

Discounts For Early Payments

(8,867)

(8,352)

(8,352)

EXCESS/ (SHORTFALL)

$	(1,950)

$	28,176

$	38,923

Carryover From Prior Year

1,950

1,950

0

NET EXCESS/ (SHORTFALL)

$	-

$	30,126

$	38,923

AMENDED FINAL BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Revenue Fund Balance = $32,874*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $22,266.
* Approximate Amounts

Series 2023 Bond Modification Information
Original Par Amount =

$910,000 5.68%
June 2023
May 2034

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Interest Rate = Issue Date = Maturity Date =

Par Amount As Of 9/30/25 =

$784,000

II

10/5/2025 11:49 AM

$31,747

$1,127

$32,874

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

400

1,160

1,113

NAV Tax Collection

111,683

113,190

113,190

Total Revenues

$	112,083

$	114,350

$	114,302

EXPENDITURES

Principal Payments

65,000

65,000

65,000

Interest Payments

46,378

48,223

48,223

Bond Redemption

705

0

0

Total Expenditures

$	112,083

$	113,223

$	113,223

Excess/ (Shortfall)

$	-

$	1,127

$	1,079