RESOLUTION 2023-04

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 General Fund Budget for fiscal year 2022, 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 16th day of November 2022 and be reflected in the monthly and fiscal Year End 9/30/22 Financial Statements and Audit Report of the District

Rivers Edge  III

Community Development District

Attest:

by:			 Chairman

by:			 Secretary

RIVERS EDGE III CDD RESOLUTION 2023-04
EXHIBIT A

	Adopted FY22
Budget	Increase/
(Decrease)	Amended FY22
Budget	Actual
9/30/22	

Revenues					
Developer Contrubutions	$512,928	$252,654	$765,581	$765,581	
Assessments-Tax Roll	$138,244	$2,110	$140,353	$140,353	
Miscellaneous Income/Interest	$0	$28	$28	$28	
Total Revenues	$651,172	$254,791	$905,963	$905,963	

Expenditures					
Administrative					
Engineering	$1,875	$7,625	$9,500	$7,542	
Arbitrage	$600	($600)	$0	$0	
Dissemination Agent	$3,500	$0	$3,500	$3,358	
Attorney	$25,000	$12,000	$37,000	$31,445	
Trustee Fees	$4,000	($2,000)	$2,000	$1,853	
Management Fees	$22,500	$0	$22,500	$22,500	
Annual Audit	$4,500	$1,000	$5,500	$5,500	
Assessment Administration	$5,000	$0	$5,000	$5,000	
Information Technology	$1,800	($600)	$1,200	$1,200	
Website Administration	$1,200	$450	$1,650	$1,650	
Telephone	$150	($35)	$115	$115	
Postage	$175	$1	$176	$176	
Printing & Binding	$1,000	($176)	$824	$824	
Insurance	$5,500	($325)	$5,175	$5,175	
Legal Advertising	$1,500	($300)	$1,200	$901	
Other Current Charges	$500	$100	$600	$581	
Office Supplies	$150	($118)	$32	$32	
Dues, Licenses & Subscriptions	$175	$0	$175	$175	
Website Administration/Compliance	$1,963	($763)	$1,200	$1,200	
Total Administrative	$81,088	$16,260	$97,347	$89,227	

Grounds Maintenance					
Landscape Maintenance	$76,905	$123,095	$200,000	$189,377	
Lake Maintenance	$2,200	$4,808	$7,008	$7,008	
Electric	$4,590	$2,910	$7,500	$6,767	
Sewer/Water/Irrigation	$12,500	$1,000	$13,500	$11,673	
Cost Share Landscaping- Rivers Edge	$129,731	$0	$129,731	$129,731	
Repair & Replacements	$0	$5,000	$5,000	$895	
Total Grounds Maintenance	$225,926	$136,813	$362,739	$345,451	

	Adopted FY22
Budget	Increase/
(Decrease)	Amended FY22
Budget	Actual
9/30/22	

Amenity Center - River House					
Cost Share Amenity- Rivers Edge	$261,848	$0	$261,848	$261,748	
Cost Share Amenity- Rivers Edge II	$82,310	$0	$82,310	$82,310	
Total Amenity Center Expenses	$344,158	$0	$344,158	$344,058	
					
Total Expenses	$651,172	$153,073	$804,244	$778,737	
					
Excess Revenues (Expenditures)	$0.00	$101,719	$101,719	$127,226	
					
NET CHANGE IN FUND BALANCE	$0.00	$101,719	$101,719	$127,226	
					
Fund Balance - Beginning	$0	$0	$0	$11,092	
					
Fund Balance - Ending	$0	$0	$0	$138,318