Rivers Edge 3 Community Development District
Fiscal Year 2020 Approved Budget

Rivers Edge 3
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1
Narrative	Page 2-3

Rivers Edge 3		
Community Development District		
	
Proposed	
	FY 2020 Budget	

Revenues		
Developer Contributions	$	286,410	
Total Revenues	   $	286,410 	

Expenditures		
Administrative		
Engineering	$	1,875	
Attorney	$	2,500	
Management Fees	$	15,000	
Assessment Administration	$	2,500	
Telephone	$	50	
Postage	$	175	
Printing & Binding	$	250	
Insurance	$	2,877	
Legal Advertising	$	1,500	
Other Current Charges	$	250	
Office Supplies	$	125	
Dues, Licenses & Subscriptions	$	100	
Website design/compliance	$	1,250	
Total Administrative	   $	28,452 	
Field Operations		
Cost Share RE (Landscaping)	$	132,914	
Cost Share RE (Amenity)	$	125,044	
Total Field	   $	257,958 	
Total Expenditures	   $	286,410 	
Excess Revenues (Expenditures)	   $	-		

Rivers Edge III Community Development District
General Fund

REVENUES:

Developer Contributions
The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

EXPENDITURES:

Administrative:

Engineering Fees
The District’s engineering firm, Prosser, Inc, will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Attorney
The District’s legal counsel, Hopping Green and Sams, will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. These services are further outlined in Exhibit “A” of the Management Agreement.

Assessment Administration
Annual fee to Governmental Management Services, LLC for preparation of Assessment Roll.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes, etc.

Insurance
The District’s General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). The amount is based upon prior year’s premiums.

Legal Advertising
The District is required to advertise various notices for Board meetings, public hearings etc. in a newspaper of general circulation.

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Rivers Edge III Community Development District
General Fund

Other Current Charges
This includes bank charges and any other miscellaneous expenses that are incurred during the year by the District.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Community Affairs for
$175. This is the only expense under this category for the District.

Website Design/Compliance
Cost related to District website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Field Operations:

Cost Share- Landscaping Rivers Edge
Shared costs with Rivers Edge CDD for landscaping. Cost share is based on future development and estimated costs.

Cost Share- Amenity Rivers Edge
Shared costs with Rivers Edge CDD for amenities. Cost share is based on future development and estimated costs.

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