Riverside Park Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

PROPOSED BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 ANNUAL BUDGET

Administrative Assessments

62,928

Maintenance Assessments

39,774

Debt Assessments

118,812

Other Revenues

0

Interest Income

1,320

TOTAL REVENUES

$	222,834

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

22,092

Secretarial

2,700

Legal

8,500

Assessment Roll

3,500

Audit Fees

3,600

Insurance

8,200

Legal Advertisements

2,500

Miscellaneous

800

Postage

200

Office Supplies

425

Dues & Subscriptions

175

Trustee Fee

4,300

Continuing Disclosure Fee

250

Website Management

1,750

TOTAL ADMINISTRATIVE EXPENDITURES

$	65,472

TOTAL EXPENDITURES

$	102,860

REVENUES LESS EXPENDITURES

$	119,974

Bond Payments

(111,683)

BALANCE

$	8,291

County Appraiser & Tax Collector Fee

(4,430)

Discounts For Early Payments

(8,861)

EXCESS/ (SHORTFALL)

$	(5,000)

Carryover Funds From Prior Year

5,000

NET EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 ANNUAL BUDGET

FISCAL YEAR 2026/2027 ANNUAL BUDGET

COMMENTS

Administrative Assessments

63,446

62,975

62,928

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

39,776

39,774

39,774

Expenditures/.94

Debt Assessments

118,812

118,812

118,812

Bond Payments/.94

Other Revenues

0

0

0

Interest Income

15,351

1,200

1,320

Estimated At $110 Per Month

TOTAL REVENUES

$	237,385

$	222,761

$	222,834

EXPENDITURES

MAINTENANCE EXPENDITURES

Lawn/Landscape Maintenance

13,725

16,500

16,500

No Change From 2025/2026 Budget

Entrance Features

1,875

1,000

1,000

No Change From 2025/2026 Budget

Miscellaneous Maintenance/Improvements

900

6,613

6,613

No Change From 2025/2026 Budget

Border Hedge/Monument/Fence

0

8,275

8,275

No Change From 2025/2026 Budget

Nutritional Control/Mulch

0

3,500

3,500

No Change From 2025/2026 Budget

Engineering/Inspections

1,377

1,500

1,500

No Change From 2025/2026 Budget

Contingency/Reserve

0

0

0

Currently $16,270 In Available Funds

TOTAL MAINTENANCE EXPENDITURES

$	17,877

$	37,388

$	37,388

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

2,200

6,000

6,000

No Change From 2025/2026 Budget

Employer Taxes - Payroll

168

480

480

Projected At 8% Of Supervisor Fees

Management

20,916

21,516

22,092

CPI Adjustment

Secretarial

2,700

2,700

2,700

No Change From 2025/2026 Budget

Legal

7,830

8,000

8,500

$500 Increase From 2025/2026 Budget

Assessment Roll

3,500

3,500

3,500

No Change From 2025/2026 Budget

Audit Fees

3,500

3,600

3,600

Accepted Amount For 2025/2026 Audit

Insurance

6,625

7,100

8,200

Fiscal Year 2025/2026 Expenditure Was $7,523

Legal Advertisements

2,324

2,300

2,500

$200 Increase From 2025/2026 Budget

Miscellaneous

613

800

800

No Change From 2025/2026 Budget

Postage

174

200

200

No Change From 2025/2026 Budget

Office Supplies

238

450

425

$25 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

4,246

4,100

4,300

$200 Increase From 2025/2026 Budget

Continuing Disclosure Fee

250

250

250

No Change From 2025/2026 Budget

Website Management

1,750

1,750

1,750

No Change From 2025/2026 Budget

TOTAL ADMINISTRATIVE EXPENDITURES

$	57,209

$	62,921

$	65,472

TOTAL EXPENDITURES

$	75,086

$	100,309

$	102,860

REVENUES LESS EXPENDITURES

$	162,299

$	122,452

$	119,974

Bond Payments

(113,190)

(111,683)

(111,683)

2027 Principal & Interest Payments

BALANCE

$	49,109

$	10,769

$	8,291

County Appraiser & Tax Collector Fee

(2,134)

(4,431)

(4,430)

Two Percent Of Total Tax Roll

Discounts For Early Payments

(8,352)

(8,863)

(8,861)

Four Percent Of Total Tax Roll

EXCESS/ (SHORTFALL)

$	38,623

$	(2,525)

$	(5,000)

Carryover Funds From Prior Year

0

2,525

5,000

Carryover Funds From Prior Year

NET EXCESS/ (SHORTFALL)

$	38,623

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
RIVERSIDE PARK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2023 Bond Modification Information

Original Par Amount = Interest Rate = Modification Date = Maturity Date =

$910,000 5.68%
June 2023
May 2034

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$784,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

1,190

500

500

Projected Interest For FY 2026/2027

NAV Tax Collection

113,190

111,683

111,683

Maximum Debt Service Collection

Total Revenues

$	114,380

$	112,183

$	112,183

EXPENDITURES

Principal Payments

65,000

69,000

73,000

Principal Payment Due In 2027

Interest Payments

48,223

42,572

38,539

Interest Payments Due In 2027

Bond Redemption

0

611

644

Estimated Excess Debt Collections

Total Expenditures

$	113,223

$	112,183

$	112,183

Excess/ (Shortfall)

$	1,157

$	-

$	-

Riverside Park Community Development District Assessment Comparison

Fiscal Year 2022/2023
Assessment
 Before Discount* 

Fiscal Year 2023/2024
Assessment
 Before Discount* 

Fiscal Year 2024/2025
Assessment
 Before Discount* 

Fiscal Year 2025/2026
Projected Assessment
	Before Discount*	

$
$

299.45
194.91

$
$

307.85
194.03

$
$

307.72
194.03

$
$

306.97
194.03

Administrative

Maintenance
Debt
Total

 $	592.80

 $	585.28

 $	585.28

 $	585.28

$

1,087.16

$

1,087.16

$

1,087.03

$

1,086.28

* Assessments Include the Following :

4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:

Total Units Prepayments
Billed for Debt

205
2
203

IV