RESOLUTION 2026-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT AMENDING THE FISCAL YEAR 2025 BUDGET; AND PROVIDING FOR CONFLICTS, SEVERABILITY, AND 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, located in St. Johns County, Florida; and

WHEREAS, the Board of Supervisors of the District (“Board”) previously adopted a final budget (“Budget”) for the fiscal year beginning October 1, 2024, and ending September 30, 2025 (“Fiscal Year 2025”); and

WHEREAS, the Board desires to amend the Fiscal Year 2025 Budget to reflect changes to budgeted revenues and expenses approved during Fiscal Year 2025; and
WHEREAS, pursuant to Chapters 189 and 190, Florida Statutes, the Board is authorized to amend the Fiscal Year 2025 Budget within sixty (60) days following the end of Fiscal Year 2025; and

WHEREAS, the Board finds that it is in the best interest of the District and its landowners to amend the Fiscal Year 2025 Budget to reflect the actual appropriations.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1. BUDGET AMENDMENT.
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.

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 2025.

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 Rivers Edge III Community Development District for the Fiscal Year Ending September 30, 2025, as amended and adopted by the Board of Supervisors effective November 19, 2025.”

SECTION 2. APPROPRIATIONS. There is hereby appropriated out of the revenues of the District, the fiscal year beginning October 1, 2024, and ending September 30, 2025, 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:

GENERAL FUND	$2,964,246	
DEBT SERVICE FUND – SERIES 2021	$796,033	
DEBT SERVICE FUND – SERIES 2024	$1,188,252	
CAPITAL RESERVE FUND	$314,016	
TOTAL ALL FUNDS	$5,262,547	

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 upon adoption.

PASSED AND ADOPTED this 19th day of November 2025.

ATTEST:	RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Amended Fiscal Year 2025 Budget

EXHIBIT A
Amended Fiscal Year 2025 Budget

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	

Revenues					
Special Assessments - Tax Roll	$	918,137	$	14,279	$	932,416	$	932,416	
Special Assessments - Direct Bill	76,160	-	76,160	76,160	
Developer Contributions	845,241	1,105,817	1,951,058	1,951,058	
Miscellaneous Income/Interest	2,000	2,611	4,611	4,611	
Total Revenues	$	1,841,538	$	1,122,707	$	2,964,245	$	2,964,246	

Expenditures					
General & Administrative:					
District Engineer	$	5,000	$	11,000	$	16,000	$	13,686	
District Counsel	25,000	12,000	37,000	32,010	
District Management	31,461	-	31,461	31,461	
Assessment Roll Administration	5,618	-	5,618	5,618	
Dissemination Agent	3,933	559	4,491	4,491	
Information Technology	1,348	230	1,578	1,578	
Website Administration	2,022	345	2,368	2,368	
Website Maintenance	848	1,426	2,274	2,274	
Annual Audit	5,200	1,500	6,700	6,700	
Trustee Fees	6,000	(676)	5,324	5,324	
Arbitrage Rebate	600	-	600	600	
Telephone	150	(102)	48	48	
Postage & Delivery	250	771	1,021	1,021	
Printing & Binding	1,000	(381)	619	619	
Insurance General Liability	6,334	(173)	6,161	6,161	
Legal Advertising	1,500	643	2,143	2,143	
Other Current Charges	500	(346)	154	154	
Office Supplies	50	(46)	4	4	
Dues, Licenses & Subscriptions	175	-	175	175	
Total General & Administrative	$	96,989	$	26,751	$	123,740	$	116,436	

Operations & Maintenance					
Ground Maintenance:	
Cost Share Landscaping - Rivers Edge	$	103,480	$	-	$	103,480	$	103,480	
Field Operations Management (Vesta)	39,438	375	39,813	39,813	
Landscape Maintenance	476,418	330,588	807,006	807,006	
Landscape Contingency	15,000	260,000	275,000	259,928	
Irrigation Repairs and Maintenance	40,000	55,000	95,000	85,026	
Lake Maintenance	18,000	10,000	28,000	26,872	
Irrigation Water Use	7,200	201,644	208,844	208,844	
Electric	1,000	52,111	53,110	53,110	
Street Lighting	10,000	-	10,000	-	
Street and Drainage Maintenance	3,000	-	3,000	-	
Other Repair & Replacements	10,000	-	10,000	6,862	
Total Ground Maintenance	$	723,535	$	909,718	$	1,633,253	$	1,590,942	

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	
Amenity Center:	
Cost Share Amenity - Rivers Edge	$	155,848	$	-	$	155,848	$	155,848	
General Manager (Vesta)	46,793	1,062	47,855	47,855	
Amenity Manager (Vesta)	29,632	-	29,632	29,632	
Maintenance Service (Vesta)	103,123	-	103,123	103,123	
Lifestyle Director (Vesta)	43,329	-	43,329	43,329	
Lifeguards (Vesta)	53,507	671	54,178	54,178	
Facility Attendant (Vesta)	85,718	-	85,718	85,718	
Janitorial (Vesta)	32,875	-	32,875	32,875	
Security Monitoring	1,800	930	2,730	2,730	
Security Guards	25,000	-	25,000	-	
Telephone	8,500	6,466	14,966	14,966	
Insurance	14,000	66,229	80,229	80,229	
Fitness Equipment Lease	68,488	408	68,896	68,896	
Window Cleaning	1,500	-	1,500	-	
Pressure Washing	15,000	-	15,000	-	
Pool Chemicals	20,000	18,000	38,000	36,756	
Natural Gas	500	139	639	639	
Electric	20,000	-	20,000	-	
Water & Sewer	30,000	-	30,000	15,610	
Amenity Repairs and Replacement	10,000	50,000	60,000	51,266	
Refuse	15,000	38	15,038	15,038	
Pest Control	3,600	-	3,600	960	
Fire Alarm System and Maintenance	2,000	-	2,000	-	
Access Cards	1,000	-	1,000	-	
License & Permits	1,800	-	1,800	-	
Special Events	15,000	-	15,000	13,710	
Holiday Decorations	10,000	5,572	15,572	15,572	
Office Supplies & Postage	1,500	-	1,500	-	
Capital Expenditures	5,500	-	5,500	-	
Capital Reserve Funding	200,000	-	200,000	200,000	
Total Amenity Center	$	1,021,013	$	149,515	$	1,170,528	$	1,068,929	
Total Expenses	$	1,841,538	$	1,085,983	$	2,927,521	$	2,776,306	
					
Excess Revenues (Expenditures)	$	0	$	36,724	$	36,725	$	187,939	
					
Fund Balance - Beginning	$	(0)	$	(36,724)	$	(36,725)	$	(29,053)	
					
Fund Balance - Ending	$	-	$	-	$	-	$	158,886	

Rivers Edge III
Community Development District
FY 2025 Budget Amendment
Statement of Revenues, Expenditures, and Changes in Fund Balance Capital Reserve Fund

Description	Adopted FY 25 Budget	Increase/ (Decrease)	Amended FY 25 Budget	Actual 9/30/25	

Revenues					
Capital Reserve Funding	$	200,000	$	-	$	200,000	$	200,000	
Developer Contributions	-	114,016	114,016	114,016	
Interest	100	(100)	-	-	
Total Revenues	$	200,100	$	113,916	$	314,016	$	314,016	

Expenditures					
Repair and Replacements	$	5,000	$	-	$	5,000	$	-	
Capital Outlay	-	114,016	114,016	114,016	
Bank Fee	-	270	270	270	
Total General & Administrative Expenditures	$	5,000	$	114,286	$	119,286	$	114,286	
					
Excess Revenues (Expenditures)	$	195,100	$	(370)	$	194,730	$	199,730	
					
Fund Balance - Beginning	$	46,016			$	29,992	
					
Fund Balance - Ending	$	241,116			$	229,722