RESOLUTION 2024-01 A RESOLUTION OF THE BOARD OF SUPERVISORS OF RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT AMENDING THE FISCAL YEAR 2022/2023 GENERAL FUND BUDGET; AND PROVIDING FOR AN EFFECTIVE DATE WHEREAS, the Rivers Edge III Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within St. Johns County, Florida; and WHEREAS, the Board of Supervisors of the District (“Board”) previously adopted a final General Fund Budget (“Budget”) for the Fiscal Year beginning October 1, 2022, and ending September 30, 2023 (“Fiscal Year 2022/2023”); and WHEREAS, the Board desires to amend the Fiscal Year 2022/2023 Budget to reflect changes to budgeted revenues and expenses approved during Fiscal Year 2022/2023; and WHEREAS, pursuant to Chapters 189 and 190, Florida Statutes, the Board is authorized to amend the Fiscal Year 2022/2023 Budget within sixty (60) days following the end of the Fiscal Year 2022/2023; and WHEREAS, the Board finds that it is in the best interest of the District and its landowners to amend the Fiscal Year 2022/2023 Budget to reflect the actual appropriations. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT: SECTION 1. BUDGET AMENDMENT. a. The Board has reviewed the proposed amended Budget, copies of which are on file with the office of the District Manager and at the District’s Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below. b. The amended Budget attached hereto as Exhibit A and incorporated herein by reference as further amended by the Board is hereby adopted in accordance with the provisions of Sections 190.008(2)(a) and 189.016(6), Florida Statutes; provided, however, that the comparative figures contained in the amended Budget as adopted by the Board (together, “Adopted Annual Budget”) may be further revised as deemed necessary by the District Manager to further reflect actual revenues and expenditures for Fiscal Year 2022/2023. c. The Adopted Annual Budget shall be maintained in the office of the District Manager and the District Records Office and identified as “The Adopted Budget for the Rivers Edge III Community Development District for the Fiscal Year Ending September 30, 2022, as amended and adopted by the Board of Supervisors effective October 18, 2023.” DocuSign Envelope ID: 90D24A5E-D9E1-4554-A304-C67F218E6B6D SECTION 2. APPROPRIATIONS. There is hereby appropriated out of the revenues of the District, the fiscal year beginning October 1, 2022, and ending September 30, 2023, the sums set forth below, to be raised by special assessments or otherwise, which sums are deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion: TOTAL GENERAL FUND $ 1,595,956 DEBT SERVICE FUND (SERIES 2021) $ 753,259 CAPITAL RESERVE FUND $ 47,041 TOTAL ALL FUNDS $ 2,396,256 SECTION 3. CONFLICTS. All District resolutions or parts thereof in actual conflict with this Resolution are, to the extent of such conflict, superseded and repealed. SECTION 4. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof. SECTION 5. EFFECTIVE DATE. This Resolution shall take effect as of October 18, 2023. PASSED AND ADOPTED this 18th day of October, 2023. ATTEST: RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ________________________________ ___________________________________ Secretary/Assistant Secretary Chairperson, Board of Supervisors Exhibit A: Amended General Fund Budget FY 2022/2023 DocuSign Envelope ID: 90D24A5E-D9E1-4554-A304-C67F218E6B6D EXHIBIT A AMENDED FISCAL YEAR 2022/2023 GENERAL FUND BUDGET DocuSign Envelope ID: 90D24A5E-D9E1-4554-A304-C67F218E6B6D Adopted FY23 Increase/ Amended FY23 Actual Budget (Decrease) Budget 8/31/23 Revenues Developer Contrubutions $595,511 AAMsdissmecesinsllmiasnterenaottsuiv-sTe Ia Anxsc Rsoemosllsem/Ienntetsr eosnt Unplatted Land $2$8708,,9955$000 31257,,,004260(5810) $$$29$7185822,,,,099965178024 $$$29$7895812,,,,095965478049 Total Revenues $955,411 324,493 $1,279,904 $1,358,541 Expenditures IILBPPAETTAAAAOODDMWWnnerreontrsnadiuftastfseesibudgfhmslgnnooeusneiebb taisceDieusrrattipsrantlssenrirnm,me seaag niighA e aiLbttmeSCensleeageeeoidgi ttuycn uAcm t rnereFEveAA&epiauiraneoexenneddrttp dpnetrBiigensmmv oletis AeiinttiTennens siidtFssnnei d Ane&mCeciiissgghneh ittSesnngrraunaaiorsbtttgltiioseroogcasnnryt/iipoCtnoiomnpsliance $$$$$$$$$$$$22111134555558$$$$$$,,,,,,,,,,,,000025588800111268000000000200$$00555700000000020000000005 13((,,79184592940050029000000000000100400)) $$$$$$$$$$$$$$2211111334555758$$$$,,,,,,,,,,,,,,00002255568909$112600000000012405$5055700000000014904000005 $$$$$$$$$$$$$221111334455755$$$,,,,,,,,,,,,,0001122666969$$1360000012445856$$4807700000144889470708045 Total Administrative $89,747 6,716 $96,463 $91,478 ISLLLGCERraaaeloerreoknnwspicguteddaet an rSssirMtrdicch/ci saaoa&Wa ppnMir nReee aaRt eteiCMLeenpnaorptalea/nnaainnIndctirariectsnrnseemcicggnaeeeapanntniinctocsygne- Rivers Edge $$$12$$$107177319,,,,,,025824002058$$00505600 113304((1762508,,,,,,,0070503007040000505000)) $$$$$$113$1340576035009$,,,,,,,500000250000008000000060 $$$$$$13$1228165136814$,,,,,,,001373832137948011133689 Total Grounds Maintenance $410,266 314,020 $724,286 $630,872 General Fund Rivers Edge III Community Development District FY2023 Budget Amendment DocuSign Envelope ID: 90D24A5E-D9E1-4554-A304-C67F218E6B6D Adopted FY23 Increase/ Amended FY23 Actual Budget (Decrease) Budget 8/31/23 General Fund Rivers Edge III Community Development District FY2023 Budget Amendment Amenity Center - River House Insurance CCoosstt SShhaarree AAmmeenniittyy-- RRiivveerrss EEddggee II $$131368,,5835$990 3,75700 $$13$13368,,,758535799 $$12$29307,,,712567799 Total Amenity Center Expenses $455,398 3,757 $459,155 $421,205 Total Expenses $955,411 324,493 $1,279,904 $1,143,555 Excess Revenues (Expenditures) $0 $0 $0 $214,986 FFNuuEnnTdd C HBBAaallNaaGnnEcc eeIN -- FEBUenNgdDiinn BngAinLgANCE $$$000 $$$000 $$$000 $$22$211641,,,911820605 DocuSign Envelope ID: 90D24A5E-D9E1-4554-A304-C67F218E6B6D