RESOLUTION 2022-01

WHEREAS, the Board of Supervisors, hereinafter referred to as the “Board”, of the Rivers Edge III Community Development District, hereinafter referred to as “District”, adopted a General Fund Budget for Fiscal Year 2021, and

WHEREAS, the Board desires to reallocate funds budgeted to re-appropriate Revenues and Expenses approved during the Fiscal Year.

NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT TO THE FOLLOWING:

The General Fund Budget is hereby amended in accordance with Exhibit “A” attached.

This resolution shall become effective this 20th day of October, 2021 and be reflected in the monthly and Fiscal Year End 9/30/21 Financial Statements and Audit Report of the District.

Rivers Edge III

Community Development District

Attest:

by:		 Chairman / Vice Chairman

by:		 Secretary / Assistant Secretary

RIVERS EDGE III CDD RESOLUTION 2022-01
EXHIBIT A

Rivers Edge III
Community Development District
FY2021 Budget Amendment General Fund

	Adopted FY21
Budget	Increase/
(Decrease)	Amended FY21
Budget	Actual
9/30/21	

Revenues					
Developer Contrubutions	$436,013	$104,973	$540,986	$540,986	
Miscellaneous Income	$0	$0	$0	$0	
Total Revenues	$436,013	$104,973	$540,986	$540,986	

Expenditures					
Administrative
Engineering	
$1,875	
$4,457	
$6,332	
$3,332	
Attorney	$15,000	$35,000	$50,000	$41,240	
Management Fees	$15,000	$0	$15,000	$15,000	
Dissemination Agent	$0	$1,458	$1,458	$1,458	
Assessment Administration	$2,500	($2,500)	$0	$0	
Annual Audit	$0	$2,800	$2,800	$2,800	
Telephone	$50	$21	$71	$71	
Postage	$175	($72)	$103	$103	
Printing & Binding	$250	$368	$618	$618	
Insurance	$2,877	$2,123	$5,000	$5,000	
Legal Advertising	$1,500	$5,500	$7,000	$5,955	
Other Current Charges	$250	$250	$500	$444	
Office Supplies	$125	($25)	$100	$96	
Dues, Licenses & Subscriptions	$175	$0	$175	$175	
Website design/compliance	$1,250	$1,200	$2,450	$2,450	
Total Administrative	$41,027	$50,582	$91,609	$78,744	

Grounds Maintenance
Landscape Maintenance	

$0	

$60,028	

$60,028	

$60,028	
Lake Maintenance	$0	$1,380	$1,380	$1,380	
Electric	$0	$250	$250	$62	
Sewer/Water/Irrigation	$0	$6,704	$6,704	$6,704	
Cost Share Landscaping- Rivers Edge	$137,373	$0	$137,373	$137,373	
Total Grounds Maintenance	$137,373	$68,362	$205,735	$205,547	

Amenity Center - River House
Cost Share Amenity- Rivers Edge	
$257,613	

$0	

$257,613	

$257,613	
Total Amenity Center Expenses	$257,613	$0	$257,613	$257,613	
					
Total Expenses	$436,013	$118,944	$554,957	$541,904	
					
Excess Revenues (Expenditures)	$0	($13,971)	($13,971)	($918)	
					
NET CHANGE IN FUND BALANCE	$0	($13,971)	($13,971)	($918)	
					
Fund Balance - Beginning	$0	$13,971	$13,971	$12,520	
					
Fund Balance - Ending	$0	$0	$0	$11,602	

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