Rivers Edge III Community Development District 475 West Town Place, Suite 114
St. Augustine, Florida 32092 www.RiversEdge3CDD.com
June 10, 2026

Board of Supervisors
Rivers Edge III Community Development District Dear Board Members:
The Rivers Edge III Community Development District Board of Supervisors Meeting is scheduled to be held on Wednesday, June 17, 2026 at 11:00 a.m. at the RiverHouse, 156 Landing Street, St. Johns, Florida 32259.
Following is the agenda for the meeting:

	I.	Call to Order

	I.	Public Comment

	I.	Approval of Consent Agenda
	A.	Minutes of the May 20, 2026 Meeting

	A.	Financial Statements as of April 30, 2026

	A.	Check Register

	I.	Staff Reports
	A.	Landscape Maintenance – Report

	A.	District Engineer

	A.	District Counsel

	A.	District Manager – Update on Landscape RFP

	A.	General Manager – Monthly Operations and Pond Reports

	I.	Ratification of Cost Share Request for The Groves Playground

	I.	Consideration of Funding Request No. 52

	I.	Discussion of the Fiscal Year 2027 Budget
	II.	Acceptance of the Fiscal Year 2025 Audit Report

	I.	Supervisor Requests

	I.	Audience Comments

	I.	Next Scheduled Meetings – July 1, 2026 at 10:00 a.m. (Special Joint Meeting) and July 15, 2026 at 9:00 a.m. (Regular Board Meeting) at the RiverHouse

	I.	Adjournment

THIRD ORDER OF BUSINESS

A.
MINUTES OF MEETING
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Rivers Edge III Community Development District was held on Wednesday, May 20, 2026 at 11:01 a.m. at the RiverTown Amenity Center, 156 Landing Street, St. Johns, Florida.

Present and constituting a quorum were:
DJ Smith	Chairman
Jason Thomas	Vice Chairman
Jarrett O’Leary	Supervisor Also present were:
Corbin deNagy	District Manager
Lauren Gentry	District Counsel
Mary Grace Henley	District Counsel
Jeff Mason	District Engineer
Jason Davidson	Regional General Manager
Richard Losco	General Manager
Kevin McKendree	Field Operations Manager
Kimberly Fatuch	Assistant General Manager
Ken Council	Vesta Property Services
Mike Scuncio	Yellowstone Landscape
Malcolm Santos	Yellowstone Landscape Several Residents

The following is a summary of the discussions and actions taken at the May 20, 2026 meeting.

FIRST ORDER OF BUSINESS	Roll Call
Mr. deNagy called the meeting to order at 11:01 a.m.

SECOND ORDER OF BUSINESS	Public Comment
There being none, the next item followed.

THIRD ORDER OF BUSINESS	Approval of Consent Agenda
	A.	Minutes of the April 15, 2026 Meeting
	B.	Financial Statements as of March 31, 2026
	C.	Check Register

Copies of the minutes, financial statements, and check register totaling $131,030.09 were included in the agenda package for the Board’s review.

FOURTH ORDER OF BUSINESS	Staff Reports
	A.	Landscape Maintenance – Monthly Report
A copy of Yellowstone’s monthly landscape maintenance report was included in the agenda package for the Board’s review.

	A.	District Engineer
There being nothing to report, the next item followed.

	A.	District Counsel
Ms. Gentry reminded the board members to complete their Form 1 by July 1st. Next. Ms. Gentry reminded the Board of the qualifying period for the general election to be held in November, which runs from June 8th through June 12th. Lastly, Ms. Gentry reminded the board members to complete four hours of ethics training prior to the end of the year.
	A.	District Manager
	1.	Report on the Number of Registered Voters
Mr. deNagy informed the Board there are 998 registered voters reported to be residing within the District’s boundaries.

	1.	Reminder of Upcoming General Election
Ms. Gentry covered this item under District Counsel’s report.

	A.	General Manager - Monthly Operations and Pond Reports
A copy of the monthly operations report was included in the agenda package.

FIFTH ORDER OF BUSINESS	Consideration of Facility Use Request
from RT Athletics for Pickleball, Tennis and Volleyball Group Training Lessons

Mr. Losco presented a request to use the volleyball court at the RiverLodge from RT Athletics. RT Athletics proposed providing volleyball clinics and training for ages 5 and up from 2pm to 5pm on Tuesdays and Thursdays. RT Athletics would share 10% of the revenue with the District.

Ms. Gentry stated that her firm would prepare a license agreement.

SIXTH ORDER OF BUSINESS	Cost Share Requests
	A.	Ratification of Cost Share Requests for the RiverHouse Pool Project
	1.	Repair Starting Platform (CO#5)
	2.	Step Repair (CO #6)
	3.	Speaker and Lighting Repair (CO #8)
	4.	Drainage Repair (CO #9)
Mr. Losco stated that all four change orders total $29,946. Rivers Edge III’s portion comes to $10,487.09. Mr. Losco noted it was necessary to approve these change orders in order to keep the pool opening timeline on track, therefore the Chairman approved the change orders between meetings.

	A.	Consideration of Cost Share Request for Design and Permitting of the Stop Sign at Grand Bridge and Rivertown Main Street
Mr. Mason stated that the stop sign at Grand Bridge and Rivertown Main Street was requested by multiple residents. The proposal from Prosser is to prepare modified construction plans for the addition of a stop sign and stop bar, remove existing signage and submit for permitting through St. Johns County.

	Consideration of Cost Share Request for RiverHouse Pool Umbrella Replacements
Mr. Losco presented the cost share request to replace 46 umbrellas for a total of
$19,162.34. Rivers Edge III’s portion comes to $6,710.65

	A.	Consideration of Cost Share Request for The Groves Playground
Mr. Losco presented the cost share request to replace The Groves playground equipment. It was noted Kompan submitted a revised bid totaling $71,488.
Mr. Smith recommended moving forward with Kompan.
This item was tabled until the Rivers Edge CDD board could review the request.

	A.	Consideration of Cost Share Request for Basketball Court Fencing
Mr. Losco presented the cost share request to install fencing around the basketball court and recommended using Fencescape for a total of $16,680. Rivers Edge III’s portion would be
$5,841.34.

	A.	Consideration of Cost Share Request for Security Cameras
Mr. Losco presented the cost share request for additional security cameras for a total of
$10,800. Rivers Edge III’s portion would be $3,782.16.

SEVENTH ORDER OF BUSINESS	Consideration of Resolution 2026-04,
Approving the Proposed Budget for Fiscal Year 2027 and Setting a Public Hearing Date
Mr. deNagy presented the proposed budget for fiscal year 2027, which as presented includes a 22% increase in assessments, largely due to reducing the developer’s contribution to the budget and increasing homeowner’s contributions.

EIGHTH ORDER OF BUSINESS	Discussion of Landscape and Irrigation
Maintenance Proposals
Ms. Gentry stated that when staff reviewed the landscape bids, there were multiple irregularities across bids that lead staff to believe there was some confusion amongst the bidders regarding the required scope of services. Ms. Gentry recommended the Board authorize staff to rebid the services to ensure good bids are received for comparison purposes.
Mr. Smith recommended increasing the bond amount and being specific on how many staff members are required.

Ms. Gentry stated that assuming all three boards approve a rebid, after the meeting all bidders will receive a notice that the services are being rebid, and instructions on how to request the revised package.
NINTH ORDER OF BUSINESS	Supervisor Requests
There being none, the next item followed.

TENTH ORDER OF BUSINESS	Audience Comments
There being none, the next item followed.

ELEVENTH ORDER OF BUSINESS	Next Scheduled Meeting – June 17, 2026 at
9:00 a.m. at the RiverHouse

TWELFTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

B.

Rivers Edge III
Community Development District

Unaudited Financial Reporting
April 30, 2026
Combined Balance Sheet April 30, 2026

Assets:
Cash:
Operating Account

$	77,520	$

-	$	171,473	$	-	$

248,992

Investments:										
State Board of Administration (SBA)	14	-	-	-		14					
Custody	767,325	-	-	-		767,325					
Series 2021
Reserve	-	

276,639	

-	

-		

276,639					
Prepayment	-	100	-	-		100					
Revenue	-	658,268	-	-		658,268					
Construction	-
Series 2024
Reserve	-	-

347,611	-

-	464

-		464

347,611					
Prepayment	-	36,613	-	-		36,613					
Revenue	-	700,593	-	-		700,593					
Construction	-
Series 2025
Reserve	-	-

359,483	-

-	78,877

-		78,877

359,483					
Capital Interest	-	609,900	-	-		609,900					
Revenue	-	10	-	-		10					
Construction	-	-	-	45,609		45,609					
Deposits	1,550	-	-	-		1,550					
Total Assets	$	846,409	$	2,989,216	$	171,473	$	124,950	$	4,132,047					

Liabilities:
Accounts Payable	

$	116,804	

$	

-	$	

-	$	

-	$	

116,804				
Accrued Expenses	27,669		-	-	-	27,669				
Total Liabilites	$	144,473	$	-	$	-	$	-	$	144,473					

Fund Balance:
Nonspendable:
Deposits	$	1,550	

$	

-	$	

-	$	

-	$	

1,550					
Restricted for:
Debt Service - Series	
-	2,989,216	
-	-	
2,989,216							
Capital Project - Series	-	-	-	124,950	124,950							
Assigned for:										
Capital Reserve Fund	-	-	171,473	-		171,473				
Unassigned	700,385	-	-	-		700,385				
Total Fund Balances	$	701,935	$	2,989,216	$	171,473	$	124,950	$	3,987,573				
										
Total Liabilities & Fund Balance	$	846,409	$	2,989,216	$	171,473	$	124,950	$	4,132,047				

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/26	Thru 04/30/26	Variance	

Revenues:					
Special Assessments - Tax Roll	$	1,101,765	$	1,101,765	$	1,152,554	$	50,789	
Special Assessments - Direct Bill	-	-	663,736	663,736	
Administrative Assessments on Unplatted Land	74,495	-	-	-	
Developer Contributions	1,666,333	-	-	-	
Cost Share Landscaping Rivers Edge II	186,679	108,896	108,896	-	
Special Events	1,000	583	-	(583)	
Interest Revenue	2,000	2,000	7,767	5,767	
Miscellaneous Income	500	292	102	(189)	
Insurance Proceeds	-	-	2,380	2,380	
Total Revenues	$	3,032,773	$	1,213,536	$	1,935,435	$	721,899	

Expenditures:					
General & Administrative:					
District Engineer	$	15,000	$	8,750	$	10,564	$	(1,814)	
District Counsel	30,000	17,500	18,375	(875)	
District Management	33,034	19,270	19,270	-	
Assessment Roll Administration	5,899	5,899	5,899	-	
Dissemination Agent	4,129	2,409	2,600	(192)	
Information Technology	1,416	826	826	-	
Website Administration	2,124	1,239	1,239	-	
Website Maintenance	800	800	800	-	
Annual Audit	6,800	6,800	6,800	-	
Trustee Fees	6,600	5,150	5,150	-	
Arbitrage Rebate	600	450	450	-	
Telephone	150	88	23	65	
Postage & Delivery	500	500	646	(146)	
Printing & Binding	1,000	583	162	421	
Insurance General Liability	6,932	6,530	6,530	-	
Legal Advertising	2,000	1,167	208	959	
Other Current Charges	1,750	1,021	135	886	
Office Supplies	50	29	3	26	
Dues, Licenses & Subscriptions	175	175	175	-	
Total General & Administrative	$	118,958	$	79,185	$	79,855	$	(670)	
Operations & Maintenance					
Grounds Maintenance:
Field Operations Management (Vesta)	
$	41,230	
$	24,051	
$	24,051	
$	-	
Landscape Maintenance	869,028	506,933	558,552	(51,619)	
Landscape Maintenance New Units	85,000	-	-	-	
Landscape Contingency	100,000	58,333	62,723	(4,389)	
Irrigation Repairs and Maintenance	65,000	37,917	30,724	7,192	
Lake Maintenance	40,360	23,543	18,207	5,336	
Irrigation Water Use	243,090	141,803	99,951	41,852	
Electric	51,500	30,041	3,033	27,008	
Street Lighting	10,000	5,833	-	5,833	
Street and Drainage Maintenance	3,000	1,750	-	1,750	
Other Repair & Replacements	10,000	5,833	9,500	(3,667)	
Subtotal Grounds Maintenance	$	1,518,207	$	836,038	$	806,740	$	29,297	

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/26	Thru 04/30/26	Variance	

Amenity Center:
Cost Share Amenity - Rivers Edge	
$	109,345	
$	63,785	
$	63,785	
$	-	
General Manager (Vesta)	48,911	28,532	29,557	(1,026)	
Amenity Manager (Vesta)	53,680	31,313	31,313	-	
Maintenance Service (Vesta)	109,264	63,737	63,737	-	
Lifestyle Director (Vesta)	45,426	26,499	26,499	-	
Lifeguards (Vesta)	58,043	7,538	7,538	-	
Guest Services (Vesta)	66,861	39,002	39,002	-	
Janitorial (Vesta)	34,833	20,319	20,319	-	
Security Monitoring	1,800	1,050	1,110	(60)	
Security Guards	25,000	14,583	-	14,583	
Telephone	17,000	9,917	7,682	2,235	
Insurance	87,147	80,103	80,103	-	
Fitness Equipment Lease	68,896	40,189	40,189	-	
Window Cleaning	1,500	875	-	875	
Pressure Washing	5,000	2,917	430	2,487	
Pool Chemicals	20,000	11,667	13,519	(1,852)	
Natural Gas	500	500	690	(190)	
Electric	20,000	20,000	29,960	(9,960)	
Water & Sewer	17,000	9,917	10,932	(1,015)	
Amenity Repairs and Replacement	35,000	20,417	26,082	(5,666)	
Refuse	15,000	8,750	10,497	(1,747)	
Pest Control	3,600	2,100	1,270	830	
Fire Alarm System and Maintenance	2,000	1,167	-	1,167	
Access Cards	1,000	583	-	583	
License & Permits	1,800	1,050	751	299	
Special Events	30,000	17,500	1,975	15,525	
Holiday Decorations	10,000	5,833	-	5,833	
Office Supplies & Postage	1,500	875	-	875	
Capital Expenditures	5,500	3,208	-	3,208	
Subtotal Amenity Center	$	895,607	$	533,925	$	506,941	$	26,985	
					
Total Operations & Maintenance	$	2,413,814	$	1,369,963	$	1,313,681	$	56,282	
					
Total Expenditures	$	2,532,773	$	1,449,148	$	1,393,536	$	55,612	
					
Excess (Deficiency) of Revenues over Expenditures	$	500,000	$	(235,611)	$	541,899	$	777,511	

Other Financing Sources/(Uses):					
Capital Reserve Funding	$	500,000	$	-	$	-	$	-	
Transfer In	-	-	50,000	(50,000)	
Transfer (Out)	-	-	(50,000)	50,000	
Total Other Financing Sources/(Uses)	$	500,000	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-	$	(235,611)	$	541,899	$	777,511	
					
Fund Balance - Beginning	$	-		$	160,036		
					
Fund Balance - Ending	$	-		$	701,935		

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total								

Revenues:																					
Special Assessments - Tax Roll	$	-	$	194,924  $	892,763	$	2,530  $	40,244  $	15,386  $	6,706	$	-	$	-	$	-	$	-	$	-	$	1,152,554								
Special Assessments - Direct Bill	331,868	165,934	165,934	-	-	-	-	-	-	-	-	-	663,736														
Administrative Assessments on Unplatted Land	-	-	-	-	-	-	-	-	-	-	-	-	-														
Developer Contributions	-	-	-	-	-	-	-	-	-	-	-	-	-														
Cost Share Landscaping Rivers Edge II	15,557	15,557	15,557	15,557	15,557	15,557	15,557	-	-	-	-	-	108,896														
Special Events	-	-	-	-	-	-	-	-	-	-	-	-	-														
Interest Revenue	0	4	120	271	1,759	2,715	2,898	-	-	-	-	-	7,767														
Miscellaneous Income	-	-	-	-	-	-	102	-	-	-	-	-	102														
Insurance Proceeds	2,380	-	-	-	-	-	-	-	-	-	-	2,380														
Total Revenues	$	349,805  $	376,418  $	1,074,374	$	18,358  $	57,559  $	33,658  $	25,263	$	-	$	-	$	-	$	-	$	-	$	1,935,435	

Expenditures:

General & Administrative:

District Engineer	$	452	$	1,259	$	3,802	$	2,694	$	1,890	$	466	$	-	$	-	$	-	$	-	$	-	$	-	$	10,564	
District Counsel	3,198	2,217	-	1,105	2,496	6,821	2,538	-	-	-	-	-	18,375	
District Management	2,753	2,753	2,753	2,753	2,753	2,753	2,753	-	-	-	-	-	19,270	
Assessment Roll Administration	5,899	-	-	-	-	-	-	-	-	-	-	-	5,899	
Dissemination Agent	336	344	344	344	344	344	544	-	-	-	-	-	2,600	
Information Technology	118	118	118	118	118	118	118	-	-	-	-	-	826	
Website Administration	177	177	177	177	177	177	177	-	-	-	-	-	1,239	
Website Maintenance	-	-	400	-	-	400	-	-	-	-	-	-	800	
Annual Audit	-	-	-	-	-	-	6,800	-	-	-	-	-	6,800	
Trustee Fees	5,150	-	-	-	-	-	-	-	-	-	-	-	5,150	
Arbitrage Rebate	-	-	-	450	-	-	-	-	-	-	-	-	450	
Telephone	3	-	14	-	-	-	6	-	-	-	-	-	23	
Postage & Delivery	32	194	110	175	29	16	91	-	-	-	-	-	646	
Printing & Binding	18	54	6	11	24	24	25	-	-	-	-	-	162	
Insurance General Liability	6,530	-	-	-	-	-	-	-	-	-	-	-	6,530	
Legal Advertising	-	82	-	-	-	125	-	-	-	-	-	-	208	
Other Current Charges	-	-	-	-	-	41	94	-	-	-	-	-	135	
Office Supplies	0	1	0	1	0	1	1	-	-	-	-	-	3	
Dues, Licenses & Subscriptions	175	-	-	-	-	-	-	-	-	-	-	-	175	
Total General & Administrative	$	24,842	$	7,198	$	7,724	$	7,828	$	7,831	$	11,287	$	13,146	$	-  $	-  $	-  $	-  $	-  $	79,855	

Operations & Maintenance									
Grounds Maintenance:
Field Operations Management (Vesta)	
$	3,436	
$	3,436	
$	3,436	
$	3,436	
$	3,436	
$	3,436	
$	3,436	
$	-	$	-	$	-	$	-	$	-	$	24,051	
Landscape Maintenance	70,999	70,999	70,999	77,877	77,877	94,899	94,899	-	-	-	-	-	558,552	
Landscape Maintenance New Units	-	-	-	-	-	-	-	-	-	-	-	-	-	
Landscape Contingency	14,560	5,140	-	4,480	24,675	12,268	1,600	-	-	-	-	-	62,723	
Irrigation Repairs and Maintenance	726	1,458	3,804	8,191	7,563	5,889	3,093	-	-	-	-	-	30,724	
Lake Maintenance	2,601	2,601	2,601	2,601	2,601	2,601	2,601	-	-	-	-	-	18,207	
Irrigation Water Use	11,437	7,103	16,355	16,136	12,534	10,034	26,351	-	-	-	-	-	99,951	
Electric	363	415	398	481	468	445	464	-	-	-	-	-	3,033	
Street Lighting	-	-	-	-	-	-	-	-	-	-	-	-	-	
Street and Drainage Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-	
Other Repair & Replacements	-	-	-	-	-	9,500	-	-	-	-	-	-	9,500	
Subtotal Grounds Maintenance	$	104,122	$	91,152	$	97,592	$	113,203	$	129,154	$	139,071	$	132,445	$	-  $	-  $	-  $	-  $	-  $	806,740	

Amenity Center:
Cost Share Amenity - Rivers Edge	
$	9,112	
$	9,112	
$	9,112	
$	9,112	
$	9,112	
$	9,112	
$	9,112	
$	-	
$	-	
$	-	
$	-	
$	-	
$	63,785	
General Manager (Vesta)	4,251	4,200	4,208	4,223	4,218	4,234	4,223	-	-	-	-	-	29,557						
Amenity Manager (Vesta)	4,473	4,473	4,473	4,473	4,473	4,473	4,473	-	-	-	-	-	31,313						
Maintenance Service (Vesta)	9,105	9,105	9,105	9,105	9,105	9,105	9,105	-	-	-	-	-	63,737						
Lifestyle Director (Vesta)	3,786	3,786	3,786	3,786	3,786	3,786	3,786	-	-	-	-	-	26,499						
Lifeguards (Vesta)	-	-	-	-	518	3,704	3,316	-	-	-	-	-	7,538						
Guest Services (Vesta)	5,572	5,572	5,572	5,572	5,572	5,572	5,572	-	-	-	-	-	39,002						
Janitorial (Vesta)	2,903	2,903	2,903	2,903	2,903	2,903	2,903	-	-	-	-	-	20,319						
Security Monitoring	-	-	555	-	-	555	-	-	-	-	-	-	1,110						
Security Guards	-	-	-	-	-	-	-	-	-	-	-	-	-						
Telephone	963	1,009	1,120	1,148	1,148	1,148	1,148	-	-	-	-	-	7,682						
Insurance	79,781	-	-	-	-	-	322	-	-	-	-	-	80,103						
Fitness Equipment Lease	5,741	5,741	5,741	5,741	5,741	5,741	5,741	-	-	-	-	-	40,189						
Window Cleaning	-	-	-	-	-	-	-	-	-	-	-	-	-						
Pressure Washing	-	430	-	-	-	-	-	-	-	-	-	-	430						
Pool Chemicals	1,502	2,466	770	1,177	1,808	2,888	2,907	-	-	-	-	-	13,519						
Natural Gas	80	80	86	116	125	192	12	-	-	-	-	-	690						
Electric	4,590	4,244	4,046	4,410	4,696	3,781	4,192	-	-	-	-	-	29,960						
Water & Sewer	1,665	1,846	1,846	1,558	1,271	1,427	1,318	-	-	-	-	-	10,932						
Amenity Repairs and Replacement	3,890	1,634	1,070	2,662	6,154	6,120	4,552	-	-	-	-	-	26,082						
Refuse	1,457	1,456	1,463	1,523	1,523	1,468	1,607	-	-	-	-	-	10,497						
Pest Control	80	80	80	83	83	783	83	-	-	-	-	-	1,270						
Fire Alarm System and Maintenance	-	-	-	-	-	-	-	-	-	-	-	-	-						
Access Cards	-	-	-	-	-	-	-	-	-	-	-	-	-						
License & Permits	-	-	-	-	-	751	-	-	-	-	-	-	751						
Special Events	-	-	-	500	-	1,475	-	-	-	-	-	-	1,975						
Holiday Decorations	-	-	-	-	-	-	-	-	-	-	-	-	-						
Office Supplies & Postage	-	-	-	-	-	-	-	-	-	-	-	-	-						
Capital Expenditures	-	-	-	-	-	-	-	-	-	-	-	-	-						
Subtotal Amenity Center	$	138,952	$	58,138	$	55,935	$	58,092	$	62,237	$	69,217	$	64,370	$	-  $	-  $	-  $	-  $	-  $	506,941						
														
Total Operations & Maintenance	$	243,074	$	149,291	$	153,527	$	171,295	$	191,391	$	208,289	$	196,815	$	-  $	-  $	-  $	-  $	-  $  1,313,681						
														
Total Expenditures	$	267,915	$	156,488	$	161,251	$	179,123	$	199,222	$	219,575	$	209,961	$	-  $	-  $	-  $	-  $	-  $  1,393,536						
														
Excess (Deficiency) of Revenues over Expenditures	$	81,889	$	219,930	$	913,123	$	(160,765)	$	(141,663)	$	(185,918)	$	(184,699)	$	-  $	-  $	-  $	-  $	-  $	541,899						

Other Financing Sources/Uses:														
Capital Reserve Funding	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-						
Transfer In	50,000	-	-	-	-	-	-	-	-	-	-	-	50,000						
Transfer (Out)	(50,000)	-	-	-	-	-	-	-	-	-	-	-	(50,000)						
Total Other Financing Sources/Uses	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-						
														
Net Change in Fund Balance	$	81,889	$	219,930	$	913,123	$	(160,765)	$	(141,663)	$	(185,918)	$	(184,699)	$	-  $	-  $	-  $	-  $	-  $	541,899						

Revenues:					
Special Assessments - Tax Roll	$	552,665	$	552,665	$	546,768	$	(5,897)	
Interest Income	10,000	10,000	15,681	5,681	
Total Revenues	$	562,665	$	562,665	$562,449	$	(216)	

Expenditures:					
Interest - 11/1	$	164,178	$	164,178	$	164,178	$	-	
Principal Prepayment - 11/1	-	-	5,000	(5,000)	
Interest - 5/1	164,178	-	-	-	
Principal - 5/1	220,000	-	-	-	
Total Expenditures	$	548,355	$	164,178	$	169,178	$	(5,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	14,310	$	398,488	$	393,272	$	(5,216)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	14,310	$	398,488	$	393,272	$	(5,216)	
					
Fund Balance - Beginning	$	255,152		$	541,735		
					
Fund Balance - Ending	$	269,462		$	935,006		

Revenues:					
Special Assessments - Tax Roll	$	67,018	$	67,018	$	62,021	$	(4,997)	
Special Assessments - Direct Bill	628,501	628,501	628,501	-	
Prepayments	-	-	36,465	36,465	
Interest Income	10,000	10,000	13,773	3,773	
Total Revenues	$	705,519	$	705,519	$	740,759	$	35,240	

Expenditures:					
Interest - 11/1	$	281,849	$	281,849	$	281,849	$	-	
Principal Prepayment - 11/1	-	-	5,000	(5,000)	
Interest - 5/1	281,849	-	-	-	
Principal - 5/1	130,000	-	-	-	
Total Expenditures	$	693,698	$	281,849	$	286,849	$	(5,000)	
					
Excess (Deficiency) of Revenues over Expenditures	$	11,822	$	423,670	$	453,911	$	30,240	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	(61,245)	$	(61,245)	
Total Other Financing Sources/(Uses)	$	-	$	-	$	(61,245)	$	(61,245)	
					
Net Change in Fund Balance	$	11,822	$	423,670	$	392,665	$	(31,005)	
					
Fund Balance - Beginning	$	339,550		$	692,152		
					
Fund Balance - Ending	$	351,372		$	1,084,817		

Proposed	Prorated Budget	Actual		
Budget	Thru 04/30/26	Thru 04/30/26	Variance	

Revenues:					
Special Assessment (1)	$	-	$	-	$	-	$	-	
Interest Income	10,000	10,000	22,038	12,038	
Total Revenues	$	10,000	$	10,000	$	22,038	$	12,038	

Expenditures:					
Interest - 11/1	$	210,365	$	210,365	$	210,365	$	-	
Interest - 5/1	289,051	-	-	-	
Principal - 5/1	-	-	-	-	
Total Expenditures	$	499,416	$	210,365	$	210,365	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(489,416)	$	(200,365)	$	(188,327)	$	12,038	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(489,416)	$	(200,365)	$	(188,327)	$	12,038	
					
Fund Balance - Beginning	$	1,148,950		$	1,157,719		
					
Fund Balance - Ending	$	659,534		$	969,392		

(1) Bonds Series 2025 are under Capitalized Interest until 11/1/26, Assessments Start in FY27

Adopted	Prorated Budget	Actual		
Budget	Thru 04/30/26	Thru 04/30/26	Variance	

Revenues					
Capital Reserve Funding	$	500,000	$	-	$	-	$	-	
Interest	100	58	-	(58)	
Total Revenues	$	500,100	$	58	$	-	$	(58)	

Expenditures:					
Repair and Replacements	$	10,000	$	10,000	$	11,700	$	(1,700)	
Capital Outlay	150,000	87,500	-	87,500	
RiverHouse Access Control System (C/S)	5,253	5,253	7,249	(1,996)	
RiverHouse Painting (C/S)	31,756	17,332	17,332	-	
RiverHouse Furniture (C/S)	28,016	-	-	-	
RiverHouse A/C Unit Replacement (C/S)	38,522	-	-	-	
RiverHouse Tennis Court Fencing (C/S)	28,016	-	-	-	
RiverHouse Pool Pump Sand Filtration (C/S)	43,775	-	-	-	
Permanent Holiday Lighting (C/S)	27,316	-	-	-	
Playground Equipment (C/S)	7,004	-	-	-	
Pocket Parks Equipment Repair/Replacement (C/S)	15,531	-	-	-	
Maintenance Golf Cart (C/S)	3,502	-	-	-	
Maintenance Work Truck (C/S)	22,763	21,968	21,968	-	
Bank Fee	360	-	-	-	
Total Expenditures	$	411,814	$	142,054	$	58,250	$	83,804	
					
Excess (Deficiency) of Revenues over Expenditures	$	88,286	$	(141,995)	$	(58,250)	$	(83,862)	
Other Financing Sources/(Uses)					
Transfer In	$	-	$	-	$	50,000	$	50,000	
Transfer (Out)	-	-	(50,000)	(50,000)	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	88,286		$	(58,250)		
					
Fund Balance - Beginning	$	428,882		$	229,722		
					
Fund Balance - Ending	$	517,168		$	171,473		
Rivers Edge III Community Development District
Statement of Revenues and Expenditures Capital Projects Funds
For The Period Ending April 30, 2026

Revenues

Interest Income:

Construction	$	10	$	1,227	$	888	$	2,125	
Cost of Issuance	-	-	85	85	
Developer Contributions	-	546,542	-	546,542	
Bond Proceeds	-	-	-	-	
Transfer In	5,351	61,245	-	66,596	
Total Revenues	$	5,361	$	609,015	$	973	$	615,349	

Expenditures					
Capital Outlay	$	-	$	552,340	$	210	$	552,550	
Cost of Issuance	-	-	-	-	
Underwriter's Discount	-	-	-	-	
Transfer Out	-	5,351	-	5,351	
Total Expenditures	$	-	$	557,691	$	210	$	557,901	
					
Excess Revenues (Expenditures)	$	5,361	$	51,324	$	763	$	57,447	
					
Fund Balance - Beginning	$  (4,897)	$	27,553	$	44,847	$	67,502	
					
Fund Balance - Ending	$	464	$	78,877	$	45,609	$	124,950	
Rivers Edge III
Community Development District Long Term Debt Report

Series 2021, Capital Improvement Revenue Bonds		

Interest Rate:	
2.47% - 3.75%	
Maturity Date:	5/1/2051	
Reserve Fund Definition	50% of Maximum Annual Debt at Issuance	
Reserve Fund Requirement	$	276,639	
Reserve Fund Balance	276,639	
Bonds outstanding - 4/23/2021	$	9,880,000	
Less: May 1, 2022 (Mandatory)	(200,000)	
Less: May 1, 2023 (Mandatory)	(205,000)	
Less: May 1, 2024 (Mandatory)	(210,000)	
Less: February 1, 2025 (Prepayment)	(65,000)	
Less: May 1, 2025 (Mandatory)	(215,000)	
Less: May 1, 2025 (Prepayment)	(5,000)	
Less: November 1, 2025 (Prepayment)	(5,000)	
Current Bonds Outstanding	$	8,975,000	

Series 2024, Capital Improvement Revenue Bonds	

Interest Rate:	4.87% - 5.95%
Maturity Date:	5/1/2055
Reserve Fund Definition	50% of Maximum Annual Debt at Issuance Reserve Fund Requirement		$	347,611
Reserve Fund Balance	347,611

Bonds outstanding - 5/17/2024	$	9,815,000
Less: November 1, 2025 (Prepayment)	(5,000)	
Current Bonds Outstanding	$	9,810,000	

Series 2025, Capital Improvement Revenue Bonds	

Interest Rate:	4.27% - 6.00%
Maturity Date:	5/1/2056
Reserve Fund Definition	50% of Maximum Annual Debt at Issuance Reserve Fund Requirement		$	359,483
Reserve Fund Balance	359,483

Bonds outstanding - 6/20/2025	$	10,115,000	
Current Bonds Outstanding	$	10,115,000	
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT
SUMMARY OF FISCAL YEAR 2026 ASSESSMENTS

DIRECT BILL PERCENT COLLECTED	0.00%	100.00%	0.00%	100.00%	100.00%	
TAX ROLL PERCENT COLLECTED	99.31%	99.31%	0.00%	99.31%	99.31%	
TOTAL PERCENT COLLECTED	99.31%	99.94%	0.00%	99.56%	99.60%	
(1) Bulk land owners are on a payment plan for undeveloped land. Debt service assessments – 50% due December 1, 2025, 25% due February 1, 2026 and 25% due May 1, 2026. Operations and maintenance assessments – 50% on October 31, 2025, 25% on November 30, 2025 and 25% on December 31, 2025
SUMMARY OF TAX ROLL RECEIPTS							

ST JOHNS COUNT DIST.	
DATE	SERIES 2021
DEBT	SERIES 2024
DEBT	SERIES 2025
DEBT	O&M	TOTAL
AMOUNT	
1	11/3/2025	1,082.70	122.81	-	2,282.27	3,487.79	
2	11/18/2025	19,908.49	2,258.26	-	41,965.90	64,132.65	
3	11/21/2025	23,491.27	2,664.66	-	49,518.18	75,674.11	
4	12/16/2025	18,577.76	2,107.31	-	39,160.79	59,845.86	
5	12/23/2025	29,411.24	3,336.18	-	61,997.12	94,744.53	
6	1/14/2026	423,524.14	48,041.19	-	892,763.42	1,364,328.75	
INTEREST	1/26/2026	1,200.26	136.15	-	2,530.07	3,866.48	
7	2/19/2026	19,091.59	2,165.60	-	40,243.92	61,501.10	
8	3/13/2026	7,299.25	827.97	-	15,386.37	23,513.59	
9	4/6/2026	484.07	54.91	-	1,020.39	1,559.37	
10	4/20/2026	2,697.33	305.96	-	5,685.80	8,689.09	
		-	-	-	-		
		-	-	-	-		
		-	-	-	-		
		-	-	-	-		
TOTAL TAX ROLL RECEIPTS	546,768.10	62,021.00	-	1,152,554.23	1,761,343.32		

C.
Rivers Edge III
Community Development District

Check Run Summary
April 30, 2026

Fund	Date	Check No.	Amount	

General Fund
Accounts Payable	

4/3/26	

1187-1191	

$	8,751.45	
	4/13/26	1192-1212	80,695.87	
	4/17/26	1213-1215	96,974.81	
	4/24/26	1216-1218	3,977.47	
		Sub-Total	$	190,399.60	
Capital Reserve Fund				
Accounts Payable	$	-

Sub-Total	$	-

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/01/26	PAGE	1
*** CHECK DATES 04/01/2026 - 04/30/2026 ***	GENERAL FUND
BANK A RIVERS EDGE III CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
04112026 202603 320-57200-49400	*	75.00
4/11 COTTON CANDY MACHINE
04112026 202603 320-57200-49400	*	75.00
4/11 POPCORN MACHINE
04112026 202603 320-57200-49400	*	200.00
4/11 SUPPLIES FOR 200
04112026 202603 320-57200-49400	*	450.00
4/11 BALLOON ARTIST 3HR
04112026 202603 320-57200-49400	*	175.00
4/11 MODULAR BOUNCE HOUSE
BOUNCERS, SLIDES, AND MORE INC	975.00 001187
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/26 00051	3/30/26 7375606	202603 320-57200-45210	*	686.45
POOL CHEMICALS
HAWKINS INC	686.45 001188
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/26 00088	3/20/26 INV0010	202603 320-57200-46101	*	2,840.00 ZOYSIA SOD
3/24/26 INV0011	202603 320-57200-46101	*	2,650.00 KNOCKOUTS ROSES 3G
KIRENIA TAMAYO	5,490.00 001189
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/26 00071	4/01/26 302	202604 320-57200-46101	*	1,200.00
04/01 TREE REMOVALS
QUILLS TREE SERVICES LLC	1,200.00 001190
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/03/26 00006	3/31/26 8363	202603 310-51300-35200	*	400.00
ADA WEBSITE MAINTENANCE
VGLOBALTECH	400.00 001191
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00086	4/03/26 126-0017 202604 320-57200-60000	*	1,543.32
MOTOR-RIVERLODGE GYM DOOR
ACE DOOR & WINDOW COMPANY INC	1,543.32 001192
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00055	3/30/26 VFD REPA 202603 320-57200-47300	*	9,500.00 DANFOSS VLT NEMA 4X VFD
CROWN POOLS INC	9,500.00 001193
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00003	4/01/26 80	202604 310-51300-34000	*	2,752.83
APR MANAGEMENT FEES
4/01/26 80	202604 310-51300-35200	*	177.00
APR WEBSITE ADMIN
4/01/26 80	202604 310-51300-35100	*	118.00
APR INFO TECH
4/01/26 80	202604 310-51300-32400	*	344.08
APR DISSEM AGENT SRVCS
RE3C RV ED III	TLEE
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/01/26	PAGE	2
*** CHECK DATES 04/01/2026 - 04/30/2026 ***	GENERAL FUND
BANK A RIVERS EDGE III CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/01/26 80	202604 310-51300-51000	*	.57
OFFICE SUPPLIES
4/01/26 80	202604 310-51300-42000	*	91.27
POSTAGE 4/01/26 80
COPIES 4/01/26 80
TELEPHONE
GOVERNMENTAL MANAGEMENT SERVICES	3,514.64 001194
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - -
4/13/26 00012	4/02/26 29136	202604 310-51300-32200	*	6,800.00
AUDIT FYE 09/30/2025
GRAU AND ASSOCIATES	6,800.00 001195
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - -
4/13/26 00038	3/30/26 20260330 202603 320-57200-49400	*	500.00
4/11 3HR JUGGLING
KRISTEN SIECH	500.00 001196
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - -
4/13/26 00011	4/08/26 CS-2026- 202604 320-57200-49200	*	9,112.08 CS AMENITY APR 2026
RIVERS EDGE CDD	9,112.08 001197
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - -
4/13/26 00036	4/02/26 PSI25661 202604 320-57200-46800	*	2,601.00 APR LAKE MAINTENANCE
SOLITUDE LAKE MANAGEMENT LLC	2,601.00 001198
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - -
4/13/26 00029	4/07/26 1188	202604 320-57200-60000	*	815.00
RPL WIRES/CONDUIT FITTING
TMT ELECTRIC LLC	815.00 001199
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - -
4/13/26 00089	1/29/26 00067162 202601 320-57200-60000	*	2,123.00
60 INNERTUBES W/ AIR PUMP
TUBE PRO INC	2,123.00 001200
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - -
4/13/26 00045	4/06/26 62209504 202604 320-57200-43500	*	82.60
APR PEST CONTROL
TURNER PEST CONTROL	82.60 001201
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - -
4/13/26 00035	3/31/26 431727	202603 330-53800-34500	*	3,704.34
MAR LIFEGUARD HOURS
VESTA PROPERTY SERVICES INC	3,704.34 001202
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - -
4/13/26 00035	3/31/26 431766	202603 330-53800-34000	*	158.20
MAR BILLABLE MILEAGE 1/3
VESTA PROPERTY SERVICES INC	158.20 001203
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RE3C RV ED III	TLEE
- - - - - - - - - - - - -
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/01/26	PAGE	3
*** CHECK DATES 04/01/2026 - 04/30/2026 ***	GENERAL FUND
BANK A RIVERS EDGE III CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/13/26 00035	4/01/26 431478	202604 330-53800-34000	*	4,075.93
APR GEN MANAGEMENT SRVCS
4/01/26 431478	202604 320-57200-44000	*	3,435.82
APR FIELD OPS
4/01/26 431478	202604 330-53800-34300	*	3,785.53
APR LIFESTYLE SRVCS
4/01/26 431478	202604 330-53800-34100	*	4,473.35
APR AMEN MANAGEMENT SRVCS
4/01/26 431478	202604 330-53800-34600	*	9,105.31
APR FACILITY MAINT SRVCS
4/01/26 431478	202604 330-53800-45300	*	2,902.75
APR JANITORIAL SRVCS
4/01/26 431478	202604 330-53800-34400	*	5,571.75
APR FACILITY ATTENDANT
VESTA PROPERTY SERVICES INC	33,350.44 001204
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00069	4/06/26 1302801	202604 320-57200-60000	*	109.00
ANNUAL EXTINGUISH INSPECT
WAYNE AUTOMATIC FIRE SPRINKLERS INC	109.00 001205
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00028	3/10/26 1127896	202602 320-57200-46200	*	471.93
FEB IRRIGATION REPAIRS
YELLOWSTONE LANDSCAPE	471.93 001206
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00028	3/10/26 1127897	202603 320-57200-46200	*	525.50
MAINLINE REPAIR
YELLOWSTONE LANDSCAPE	525.50 001207
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00028	3/10/26 1127898	202603 320-57200-46200	*	638.36
MAR IRRIGATION REPAIRS
YELLOWSTONE LANDSCAPE	638.36 001208
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00028	3/17/26 1130956	202603 320-57200-46200	*	889.32
ROTOR-COVERAGE-LAKE
YELLOWSTONE LANDSCAPE	889.32 001209
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00028	3/17/26 1130957	202603 320-57200-46200	*	1,795.80
ADD IRRIGATION - COVERAGE
YELLOWSTONE LANDSCAPE	1,795.80 001210
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00028	3/17/26 1130958	202603 320-57200-46101	*	1,257.51
SPRING FLOWERS/ANNUALS
YELLOWSTONE LANDSCAPE	1,257.51 001211
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/13/26 00028	3/17/26 1130959	202603 320-57200-46200	*	1,203.83
MAR IRRIGATION REPAIRS
YELLOWSTONE LANDSCAPE	1,203.83 001212
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RE3C RV ED III	TLEE
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	5/01/26	PAGE	4
*** CHECK DATES 04/01/2026 - 04/30/2026 ***	GENERAL FUND
BANK A RIVERS EDGE III CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/17/26 00051	4/13/26 7388504	202604
POOL CHEMICALS 4/14/26 7389800	202604
POOL CHEMICALS
HAWKINS INC	1,498.06 001213
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/17/26 00046	3/30/26 26097708 202603 320-57200-60000	*	57.63
JANITORIAL SUPPLIES
3/30/26 26097730 202603 320-57200-60000	*	57.63
JANITORIAL SUPPLIES
4/02/26 26106896 202604 320-57200-60000	*	268.11
JANITORIAL SUPPLIES
4/09/26 26123245 202604 320-57200-60000	*	194.10
JANITORIAL SUPPLIES
W B MASON CO INC	577.47 001214
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/17/26 00028	4/01/26 1146767	202604 320-57200-46100	*	94,899.28
APR LANDSCAPE MAINTENANCE
YELLOWSTONE LANDSCAPE	94,899.28 001215
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/24/26 00013	4/20/26 14709	202603 310-51300-31500	*	3,475.08
MAR GENERAL COUNSEL
KILINSKI VAN WYK	3,475.08 001216
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/24/26 00011	4/23/26 4232026	202603 310-51300-48000	*	125.47
REIMBINV7644441 USA TODAY
RIVERS EDGE CDD	125.47 001217
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/24/26 00046	4/16/26 26136297 202604 320-57200-60000	*	156.93
JANITORIAL SUPPLIES
4/17/26 26139080 202604 320-57200-60000	*	219.99
JANITORIAL SUPPLIES
W B MASON CO INC	376.92 001218
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	190,399.60
TOTAL FOR REGISTER	190,399.60

RE3C RV ED III	TLEE

1--

I

Hawkins, Inc. 2381 Rosegate
Roseville, MN 55113
Original
INVOICE

Total Invoice	$686.45
Phone: (612) 331-6910	Invoice Number	7375606		
	Invoice Date	3/30/26		
	Sales Order Number/Type	5104588	SL	
	Branch Plant	74		
	Shipment Number	6136911		

Sold To:  544866
Accounts Payable RIVERS EDGE COD 3 475 W Town Pl STE 114
St Augustine FL 32092-3649
Ship To:	544867
RIVER LODGE
100 Grand Verde Dr
St Johns FL 32259-7546

Net Due Date Terms	FOB Description	Ship Via		Customer P.O.#	P.O. Release	Sales Agent#			
4/29/26	Net 30	PPD Origin	HWTG				387			

Line#	Item Number	Item Name/ Description		
Tax	Qty	Trans	Unit
Shipped	UOM	Price	Price	Weight
UOM	Net/Gross	Extended
Price			
11.000	41930	Azone - EPA Reg. No. 7870-1	N	235.0000	GA	$2.8700	GA	2,272.5 LB	$674.451	
		1 LB BLK (Mini-Bulk)		235.0000	GA		2,272.5 GW		

11.010	
Fuel Surcharge	
Freight	
N	
1.0000	
EA	$12.0000			$12.00 I	

********** Receive Your Invoice Via Email**********
Please contact our Accounts Receivable Department via email at Credit.Dept@Hawkinslnc.com or call 612-331-691Oto get it setup on your account.

Approved RECDD 3 Submitted to AP 3.31.2026 By Kevin McKendree

Page 1 of 1	Tax Rate
0 %
Sales Tax
$0.00
I Invoice Total	$686.45
No Discounts on Freight
IMPORTANT: All products are sold without warranty of any kind and purchasers wlll, by their own tesls, determine suitablHty of such products for their own use. Seller warrants that all goods covered by this Invoice were produced in compliance with the requirements of the Fair Labor Standards Acl of 1938, as amended. Seller specifically dlsclalms and excludes any warranty of merchantability and any warranty of fitness for a partlcular purpose.

CHECK REMITTANCE:
Hawkins, Inc,
P.O. Box 860263
M!nneapolis, MN 55486-0263

WIRING CONTACT INFORMATION:
Email: Cred[t.Dept@Hawkinsinc.com

FINANCIAL INSTITUTION:
US Bank
800 Nicollet Mall
Minneapolis, MN 55402

Account Name:	 Hawkins, Inc, Account#:	180120759469

ACH PAYMENTS:
CTX (Corporate Trade Exchange) Is our preferred method, Please remember to include In the addendum the document numbers pertaining to the payment,
For other than CTX, the remit to information may be emailed to Credit.Dept@Hawkinsinc.com
NO CLAIMS FOR LOSS, DAMAGE OR LEAKAGE ALLOWED AFTER DELIVERY IS MADE IN GOOD
ABA/Routing ff:	091000022	CASH IN ADVANCE/EFT PAYMENTS:
Phone Number: (612) 331-6910	Swift Code#:	USBKUS441MT	Please l!st the Hawkfns1 Inc. sales order number or your purchase
CONDITION.
?F_a_x_Nu_m_b_e_r:_?(6_1_2?)2_2_S_-6_70_2	T_cy,p_e_o_f_A_cc_o_un_t_:
C_o_rp_o_ra_te_C_h_e_ck_ln_::g
o_rd_e_r_nu_m_b_er if the Invoice has not been processed yet,
	
This contractor and subcontractor shall abide by the requirements of 41 CFR §§60-1,4(a), 60-300.S(a) and 60-741.S(a). These regulations prohibit discrimination against qualified individuals based on their status as protected veterans or Individuals with disabilities, and prohibit discrimination against all Individuals based on their race, color, religion, sex, or national origin. Moreover, these regulations require that covered prime contractors and subcontractors take affirmative action to employ end advance in employment Individuals without regard to race, color, religion, sex, national origin, protected veteran status or disability,

BILL TO:
River Edge CDD 111
475 West Town Pl suite 'I 14. St Augustine Fl 32092
INVOICE FROM:
KlKl Landscape Services LLC
904-349-0089
kikilandscapeservices@gmail.com 1701 San Pablo Rd S apt 1115

ZOYSIASOD	3	$600.00	$1,800.00	
LABOR DELIVERY AND DISPOSAL.	16	$65.00	$1,040.00	
	SUBTOTAL:		$2,840.00	
	TOTAL:		$2,840.00	
	PAID:		$0.00	
	BALANCE DUE		$2,810.0lt J) 
'0'"'6 ? 	
Comments				
Sod install at the Riverlodge.
Approved RECDD 3 Submitted to AP 4.1.2026 By Kevin McKendree
?wm,7J1c_/(?	I

THANK YOU FOR YOUR BUSINESS

BILL TO:
River Edge CDD Ill
475 West Town Pl suite 114. St. Augustine Fl 32092
INVOICE FROM:
KIKI Landscape Services LLC
904-349-0089
kikilandscapeservices@gmail.com 1701 San Pablo Rd S apt 1115

KNOCKOUTS ROSES 3G

LABOR DELIVERY AND DISPOSAL.
50

10

SUBTOTAL: TOTAL: PAID:
$40.00

$65.00
$2,000.00

$650.00

$2,650.00
$2,650.00
$0.00

"
BALANCE DUE	$2,650.00 ,

Comments
Install Knockouts roses at the River lodge next to the dock.

Approved RECDD 3 Submitted to AP 3.30.2026 By Kevin McKendree

(JD
Quill's
TREE SERVICES, LLC
ll?}ustp11rr·fect
Quills Tree Services
255 Rivertown Shops Drive I Suite 102 #140 I St Johns, Florida 32259
+1 904-788-1185 I brent@quillstreeservices.com I
www.quillstreeservices.com

RECIPIENT:

Rivers Edge COD 3
475 West Town Place Suite 114 St Augustine, Florida 32092 Phone:904-607-1038

Issued Due

Apr01,2026 Apr16,2026

SERVICE ADDRESS:

100 Grand Verde Drive St. John's, Florida 32259

For Services Rendered

I
@
Quill's
TREE SERVICES, LLC
It'sju.itpurr·ft?t
Quills Tree Services
255 Rivertown Shops Drive I Suite 102 #140 I St Johns, Florida 32259
+1 904-788-1185 I brent@quillstreeservices.com
www.quillstreeservices.com

Thank you so much for your business. It was an absolute pleasure serving you today. Don't hesitate to contact us with any questions regarding this invoice.
Total	$1,200.00

Approved RECDD 3 Submitted to AP 4.1.2026 By Kevin McKendree

VGlobalTech
636 Fanning Drive
Winter Springs, FL 32708 US contact@vglobaltech.com www.vglobaltech.com

RIENCE INNOVATION

INVOICE
BILL TO
Rivers Edge Ill COD 219 E. Livingston Street Orlando, FL 32801 United States

o?.??•2'!U"'En
1v1:--\I{ J i	i.u

BY:--,·-

INVOICE # 8363
DATE 03/31/2026
DUE DATE 03/31/2026
TERMS Due on receipt

DATE	ACTIVITY	QTY	RATE	AMOUNT	
Web Maintenance:ADA Website		400.00	400.00	
Maintenance
Ongoing website maintenance for				
ADA and WCAG Compliance				

Invoice for Quarter 1 ADA Audit.
Please make check payable to VGlobalTech.
Ways to pay
IcPay j _;;;,j •Ji	VISA -	 DANK
BALANCE DUE	$400.00

4/3/26	INVOICE
DOOR&. WINDOW
COMPANY

2220 Corporate Square Blvd Jacksonville, FL 32216

SINCE 1985
Ph (904) 727-6811 Fx (904) 727-6813 CBC035180 CBC048957 CBC1261470
"Our Success Hinges On Your Satisfaction"
BILL TO	SHIP TO	
Rivers Edge CDD 3	100 Grand Verde	
475 W Town Place	St. Johns, Fl 32259	
Ste# 114		
St Augustine, FL 32092		

QTY	DESCRIPTION	
1

1	River Lodge Gymm doors Replacement motor for electric panic Install replacemnt motor

	

Unless otherwise noted:
Alam1 reconnection, nail fill, pe1mitting & fees, hurricane shuttering, painting and/or staining, are NOT included in the above price. Not responsible for condition of used or customer supplied locks (callbacks are subject to service fee on customer supplied locks) Lead times are ESTIMATES, not promises. Home owners are responsible for being on premise during inspections. All balances are due at time of completion of work. Invoices become past due 30 days after completion of work. A late fee of 1.5% per month with a
$35.00 minimum will be added to all past due invoices. We will accept a maximum credit card charge of $2,500.00 per project. If you wish to use a credit card for more than that we will add a 3.5% convenience fee for all charges over $2,500.00.

WWW.ACEDOOR.COM

Balance Due	$1,543.32

Approved RECDD 3 Submitted to AP 4/3/2026 Submitted by Ken Council
CROWN
IiZ•1•I\t-Jli t=i
3002 PHILIPS HWY
JACKSONVILLE, FL 32207
Invoice

Quantity	Description	Rate	Serviced	Amount	
	Danfoss VLT 25hp 230V nema 4X VFD	9,500.00		9,500.00	
	(VF723-L030N-04X)				
	(Electrical Hook-Up by others)				

				
	Approved RECDD 3				
	Submitted to AP 3.30.2026				
	By Kevin McKendree				

			

Total Invoice	

$9,500.00	

All Credit Card Payments will have a 3% processing fee added.	
Payment I Credits Applied	
$0.00			
A $25.00 LATE FEE will automatically be added to account.over 60 days.	Invoice Balance	$9,500.00			
	Job Total Balance	$9,500.00			
Governmental Management Services, LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

Bill To:
Rivers Edge Ill CDD 475 West Town Place Suite 114
St. Augustine, FL 32092
Invoice

Invoice #: 80
Invoice Date: 4/1/26
Due Date: 4/1/26
Case:
P.O. Number:

Description	Hours/Qty	Rate	Amount

Management Fees - April 2026 Website Administration - April 2026 Information Technology - April 2026
Dissemination Agent Services - April 2026 Office Supplies
Postage Copies Telephone		2,752.83
177.00
118.00
344.08
0.57
91.27
25.20
5.69	2,752.83
177.00
118.00
344.08
0.57
91.27
25.20
5.69	

Total	$3,514.64	
Payments/Credits	$0.00	
Balance Due	$3,514.64	
Grau and Associates
1001 W. Yamato Road, Suite 301 Boca Raton, FL 33431 www.graucpa.com

Phone: 561-994-9299	Fax: 561-994-5823

Rivers Edge Ill Community Development District 1001 Bradford Way
Kingston, TN 37763

Invoice No.	29136 Date	 04/02/2026
????IVE?
BY:----

SERVICE	AMOUNT

Audit FYE 09/30/2025

Current Amount Due
$	6,800.00

$	6,800.00

0 - 30	31- 60	61 - 90	91 - 120	Over 120	Balance	
6,800.00	0.00	0.00	0.00	0.00	6,800.00	
Payment due upon receipt.
KRISTEN SIECH (KRISTEN SPARROW CIRCUS)

INVOICE KRISTEN SPARROW CIRCUS JUGGLER ENTERTAINM ENT

(904)945-2243
KristenSparrowCircus@g
Attention: Kimberly Fatuch RiverTown
Bill to: Rivers Edge COD Ill 475 West Town PL Suite 114 St. Augustine, FL 32092

EmaiI:kfatuch@vestapropertyservices.com
Client Phone:(904) 679-5523 Cell: +1 (720)285-6311
Event date: April 11, 2026
Location:"160 RiverGlade Run Saint Johns FL, 32259 Today's Date: March 30, 2026
Project Title: Clownin' Around Pool Party Quote number :202603304
Terms: 7 days
mail.corn

https:// www.kristensparrowcircu s.corn/

12735 Dunns View Drive Jacksonville Florida 32218
Performance details. Between 12-3:00pm juggling,

juggling performances by Kristen
3 hour of roaming juggling performances by Kristen mingling with guests posing for video and pictures.
Requirements
Access to drinking water, Bathrooms, parking spaces near by for cars.

If Payment via check
If payment via Paypal or Square*
"1 :	$500,00	$500.00

! Subtotal	$500.00
! Processi i 3,3 %	$"16.50
! ng fee

Approved COD Ill Submitted to AP on 4.7.26 by Kimberly Fatuch

! Total	$5"16,50

Thank you for your interest in working with my company for your event ! There is a non refundable 50% minimum deposit required by April 06, 2026. The remaining balance is to be paid by April 11, 2026 _before performing start time or sooner. If you pay by Square, there are additional fees associated about 3.3% Please note once performers arrive onsite they are considered performing and the obligations are considered fulfilled. If unforeseen weather occurs, we will do our best to accommodate with either adjusting times if or providing alternative entertainment. Cheers! Kristen Siech Owner of Kristen Sparrow
Print.	X Sign.	X. Date.	X

1
Rivers Edge CDD	I I	E
475 West Town Place, Suite 114
St. Augustine FL 32092 Phone (904) 940-5850 Fax (904) 940-5899
DATE: INVOICE#
4/8/2026
CS-2026-APR

Bill To:
Rivers Edge Ill CDD 475 West Town Place, Suite 114 St. Augustine FL 32092

Make check payable to:
Rivers Edge CDD
c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

THANK YOU FOR YOUR BUSINESS!

Bill
To:	Rivers Edge Ill CDD
475 West Town Place, Suite 114 Saint Augustin, FL 32092
Ship
To:	Rivers Edge Ill CDD
475 West Town Place, Suite 114 St. Augustine, FL 32092
United States

i

Bill
To:	Rivers Edge Ill COD
475 West Town Place, Suite 114 Saint Augustin, FL 32092
Ship
To:	Rivers Edge Ill COD
475 West Town Place, Suite 114 St. Augustine, FL 32092
United States

	Customer ID	20143		
Ship Via
Ship Date	
4/2/2026	P.O. Number
P.O. Date	
4/2/2026	
Due Date	5/2/2026	Our Order No.		
Terms	Net 30			

ltem/Descri ption	Unit	Order Qty	Quantity	Unit Price	Total Price

Rivers Edge COD Ill Pond RR Rivers Edge COD Ill Pond VV Rivers Edge COD Ill Pond YY Rivers Edge COD Ill Pond ZZ

Approved RECDD 3 Submitted to AP 4.2.2026 By Kevin McKendree
??	711c/;?

Amount Subject to Sales Tax	0.00
Amount Exempt from Sales Tax	2,601.00
Subtotal: Invoice Discount: Total Sales Tax Payment Amount
Total:
2,601.00
0.00
0.00
0.00
2,601.00
TMT Electric, LLC
290 Circle Dr S
Saint Augustine, FL 32084 US (904) 315-1248
tmtelectricllc@gmail.com
rMr ELEC1RIC
Where Quality
Always Matters
904-789-0193
Veteran Owned

INVOICE						
BILL TO			INVOICE	1188		
Rivers Edge CDD3			DATE	04/07/2026		
475 West Town Plaza			TERMS	Net 30		
Suite 114			DUE DATE	05/07/2026		
SaintAugustine, Florida						
32092						

DATE	
ACTIVITY	
DESCRIPTION			
AMOUNT	

Services		Replaced wires and conduit fittings on new VFD for pool pump at the Riverlodge. Verified correct operation upon completion.
815.00

Please make check payable to TMT Electric LLC.	SUBTOTAL

TAX
TOTAL
815.00
0.00
815.00

BALANCE DUE	$815.00

Approved RECDD 3 Submitted to AP 4.7.2026 By Kevin McKendree

Page 1 of 1
Tube Pro Inc.
515 Beaver Creek Rd. Waterloo, ON
N2V 2L3
Phone: 519-885-9554
Fax: 519-885-2361
info@tubeproinc.com

Bill To:

GST Registration#: 85741 2530
PST Registration#: 90869397 Blanket

Ship To:
Invoice
Invoice#:  00067162
Rivers Edge CDD 3
Rivers Edge Community Development District 475 W Town Pl, Ste 114
St Augustine FL 32092
River Town
Rivers Edge Community Development District 140 Landing Street
Saint Johns FL 32259

SALESPERSON	YOUR NO.	SHIP VIA	co pp	SHIP DATE	TERMS	DATE	PG.

Eric Law
Kimberly 1/29
UPS
1/29/2026
Net 15
1/29/2026

QTY	ITEM NO.	DESCRIPTION	PRICE	UNIT	DISC%	EXTENDED	TAX
PRICE
60 TP44-TRANS-BLUE-H  Transparent Blue Single 48"	US$25.00	each	US$1,500.00	Z1
Defalted
2 Wireless Air Pump
Intelligent Wireless Air Pump
u??fl88	u???TQ:88	Z1
1 Tariff/China 20%	Tariff On Made In China Origin	each	Z1
1 FREIGHT Shipping		UPS Standard & Brokerage for 11	$239.00	each	US$239.00	Z1 boxes to FL

Approved COD Ill Submitted to AP on 4.8.26 by Kimberly Fatuch

CODE Z1

RATE 0%

TAX US$.00

SALE AMOUNT US$2,123.00
SALE AMOUNT	US$2,123.00
FREIGHT	US$.00	Z1 GST	US$.00
PST	US$.00
TOTAL AMOUNT	US$2,123.00
PAID TODAY	US$.00

Memo: We appreciate your business., 1.5% Charge Per Month On Overdue Accounts
BALANCE DUE	US$2,123.00

EaTurner
?Pest acontrol
PAYMENT ADDRESS:
Turner Pc?t Control LLC • P,O, Box 600323 • Jackaonvlllc1 Florida 32260-0323 904-J66-6J0D • Toll Free: eoo.22&-5306 • lumerpcsLcom

Bill Ii,:	[931796]
Rivers Edge COD Ill 475 WTown Pl
Suite 114
St Augustine, FL 32092-3648

Turner Pest Control LLC PO Box 600323
Jacksonville, FL 32260-0323
904-355-5300

\\,lll
1,,,c·ati"n:  [931796]	904-679-5523
River Lodge-COD Ill Richard Losco
100 Grand Verde Drive St Johns, FL 32259

CPCM	Commercial Pest Control - Monthly Service		$82.60	
		SUBTOTAL	$82.60	
		TAX	$0.00	
		AMT. PAID	$0.00	
		TOTAL	$82.60	

Approved RECDD 3
Submitted to A/P 04-07-26 By Richard Losco
AMOUNT DUE	$82.60
?&4-C6	e

TECHNICIAN SIGNATURE

Sarah CUSTOMER SIGNATURE

BahlllL\.'S out.?tandin!1 o\\ ..'r 30 da\'.? from the Uatc of service mav be subject to a L.1ti: fee of the lc?scr nf l 51,( per month(·(0t_,.; per ycarJ nr th.:.- m:i:dmu111 al!nwc"d hy la\,·, Cush)mcr a?rccs ln pay ac,,:rue<l tx.pcn?es in thl: c-Ycnt nf colkL'tion.
I h1·1,·l1: .1, \,11<1\\ kd.;,•t· Iii,· ,,;1\i?(.111,,1: l'11111pk1111n nl ;di •,1·;\ i, \··, J, nd,:1,·d.
:u1d :1-..•11..·:.' !11 f',1: lll1,..• (11',\ 1d"1,..';\ 1\·1,..•.., ;1', "l'1.-\.i11 ,?1 .rh·,.,,:
l'LE.\SE I'.\\' FROi\l THIS li\'\'OJCE
Vesta,,v	Invoice

Vesta Property Services, Inc. 245 Riverside Avenue
Suite 300
Jacksonville FL 32202
Invoice# Date

Terms Due Date Memo
431727
03/31/2026

Net 30 04/30/2026
Lifeguard Hours

Bill To
Rivers Edge COD Ill c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine FL 32092

Thank you for your business.	Total	3,704.34

DESCRIPTION	HOURS	RATE	AMOUNT	
February 24th - March 25th	173.10	$21.40	$3704.34	
TOTAL	$3704.34			

Thank you for your business!

Vested tn your cornrnunily.

Vesta Property Services, Inc. 245 Riverside Avenue
Suite 300
Jacksonville FL 32202
Invoice# Date

Terms Due Date Memo
43"1766
03/3"1/2026

Net 30 04/30/2026
Billable Mileage split

Bill To
Rivers Edge COO Ill c/o GMS LLC
475 WestTown Place, Suite i "14 St. Augustine FL 32092

Total	"158.20

4/2/2026
?,Ji,

Vesta Mileaae Report

$158.20

Vesta Property Services, Inc. 245 Riverside Avenue
Suite 300
Jacksonville FL 32202
Invoice# Date

Terms Due Date Memo
431478
04/01/2026

Net 30 05/01/2026
Rivers Edge CDDIII

Bill To
Rivers Edge COD Ill c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine FL 32092

General management services Field Ops
Lifestyle services
Amenity management services Facility maintenance services Janitorial services
Facility Attendant		4,075.93
3,435.82
3,785.53
4,473.35
9,105.31
2,902.75
5,571.75	4,075.93
3,435.82
3,785.53
4,473.35
9,105.31
2,902.75
5,571.75	

Thank you for your business.	Total	33,350.44

Automatic Fire Sprinklers, Inc.®
An Employee-Owned Company
INVOICE
1302801
INVOICE DATE
®
04/06/2026

SOLD TO:
RiversEdge Community Development District 3
475 W. Town Pl, STE. 114
SHIP TO:
Riverlodge

100 Grand Verde Drive

St. Augustine, FL 32092	St Johns, FL 32259

QTY	DESCRIPTION	UNIT PRICE	(	TOTAL PRICE BEFORE TAXES)	
4.00	Annual Extinguisher Certification Inspection (Tag) (Seal)	$11.00	$44.00	
1.00	Trip Charge	$65.00	$65.00	

Credit card: a surcharge of 3% will be applied to purchases. Questions Regarding this invoice please contact:
Name: Holly B Bartle Phone: (904) 268 3030
Email: hbbartle@waynefire.com
Remit To:
Dept#9942
Wayne Automatic Fire Sprinklers Inc PO Box 850001
Orlando, FL 32885-9942
Phone: (407)656-3030
Fax: (407)656-8026

Approved RECDD 3 Submitted to A/P 04-06-26 By Richard Losco
?u?

Alabama A-0457 Florida EF20001320 Georgia LVA205941 North Carolina 29611-SP-FA/LV South Carolina FAC.3385 M
PAGE 1 of 1

Bill To:
Rivers Edge COD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name:  Rivers Edge COD Ill
Address:	475 West Town Place Suite 114
St. Augustine, FL 32092

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1O17 Invoice Due Date: April 9, 2026 Invoice Amount:	$471.93

February irrigation repairs-2026******The Ravines******
Irrigation Repairs	$471.93

W.0 . .AI

NAME	River Town
completed	ADDRESS	RasineiCODJ
YELLO\\TSTONE	DATE	l/19(1026 • "' Of
m::Mii i\Miiiii ii JUii

Invoice Total	$471.93

tiUtl1n10N	HOIJll	11,1,n

I

Approved		 Not Approved		 
Cornmcnb·

Approved RECDD Ill Submitted to AP on 4.7.2026 by Jason Davidson

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 849 j Bunnell FL 32110 j Tel 386.437.6211 j Fax 386.437.1286

Bill To:
Rivers Edge COD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name: Rivers Edge COD Ill
Address:	475 West Town Place Suite 114
St. Augustine, FL 32092

Remit To:
Yellowstone Landscape POBox101017  Atlanta, GA 30392-1017
Invoice Due Date:  April 9, 2026
Invoice Amount:	$525.50

Mainline repair on Main St.
Irrigation Repairs	$525.50

COMPLETED YELLOWSTONE	WORK
?t■?»»WWliP#JI
w.o.? NAME ADDRESS DATE

River Town
m!Jn ?t CDDl

Invoice Total	$525.50

DAT£	OUCRIPTI0t4

Approved		 Not Approved

PARTiiTOTAL
t!OVl;S	RA.TE	TOTAL

COMPt.mD WORK

Approved RECDD I Submitted to AP on 4.7.2026 by Jason Davidson
r,,,_ O?;t.,

Bill To:
Rivers Edge COD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name: Rivers Edge COD Ill
Address:	475 West Town Place Suite 114
St. Augustine, FL 32092

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017
Invoice Due Date:  April 9, 2026
Invoice Amount:	$638.36

March irrigation repairs-2026
Irrigation Repairs	$638.36

Y-E•L•L:O••W•S•T·O·N·-E

COMPLETED WORK

W.O.lf

NAME			Rivertown COD 3	 ADDRESS		Riverlodse amenitv clock DATE				2/1016.

>ice Total	$638.36

Ic

DATE
DESCRIPTION
HOURS	RATE	TOTAl
2/2026.	fob.or	5		$  93.00		$	465.00	
						$	
						s	
						$	
	$	465.00						
COMMENTS:

Oe?tilltion of where all p?rt? we::t-c u?ed <!)rl! in irri-?.otion report.

Approved RECDD 111 Submitted to AP on 4.7.2026 byJts?_n Davidson
rffe0?ffe

Bill To:
Rivers Edge COD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name: Rivers Edge COD Ill
Address:	475 West Town Place Suite 114
St. Augustine, FL 32092

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017
Invoice Due Date:  April 16, 2026
Invoice Amount:	$889.32

Rotor installation for coverage around lake******Clairborn******
Irrigation Repairs
w.o.u		
NAME	RivuTown

$889.32

YELLOWSTONE
MU®i:·IHl-¼lt·iiAW
completed
ADDRESS DATE
	Clairb,,ne CDDJ	

OUCA.lf1'10N	HOL-t,ts	RAn
Tech	8	" $93.00	$744.00	
			s	
			s	
			s	
LA	JOR I t.tNT	AL TOfAL	s 744.00	
Approved		 Not Approved		
Invoice Total	$889.32

Comments·

PIIOPOllDYlttl

Approved RECDD Ill Submitted to AP on 4.7.2026 by Jason Davidson
?;t.,'O?;e,,

Bill To:
Rivers Edge CDD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name: Rivers Edge CDD Ill
Address:	475 West Town Place Suite 114
St. Augustine, FL 32092

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017
Invoice Due Date:  April 16, 2026
Invoice Amount:	$1,795.80

Add irrigation for coverage
Irrigation Repairs	$1,795.80

YELLOWSTONE
?	
"

completed
W.0.11
NAME ADDRESS DATE

River Town

	Clairbone CDD3	
1/23?2026 ,	ra ar

Invoice Total	$1,795.80

DU?IP"TION	HOUAS	ftATt

j
TOTAl

Approved		 Not Approved		

PAOPOU:O WORK

Approved RECDD Ill Submitted to AP on 4.7.2026 by Jason Davidson
r;t,,O?;t,,

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 8491 Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286
YELLOWSTONE
?.'(	--?■•11-ilHl'tlliB
Bill To:
Rivers Edge COD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name: Rivers Edge COD Ill
Address:	475 West Town Place Suite 114
St. Augustine, FL 32092

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017
Invoice Due Date:  April 16, 2026
Invoice Amount:	$1,257.51

Rivers Edge COD Ill Spring Annuals 2026
Flowers/Annuals	$1,257.51

Invoice Total	$1,257.51

Approved RECDD Ill Submitted to AP on 4.7.2026 by Jason Davidson
r;t,,P?>t-

ShouId you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 849 I Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

YELLOWSTONE
"'•?	--?■•JI.-JDt¥WM
Bill To:
Rivers Edge COD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name: Rivers Edge COD Ill
Address:	475 West Town Place Suite 114
St. Augustine, FL 32092
INVOICE

Remit To:
Yellowstone Landscape PO Box 101017
Atlanta, GA 30392-1017
Invoice Due Date:  April 16, 2026
Invoice Amount:	$1,203.83

March irrigation repairs-2026******Vista/Ravines******
Irrigation Repairs

$1,203.83

Y-•E•L•L1O•v-\T-S•T·•O•N-E-

COMPLETED
WORK
W.O.#			COD 3	 NAME		RI\IERTOWN
ADDRESS	between: \tista and ravines
DATE	3/4/2026

Invoice Total

$1,203.83

DATE	DESCRIPTION

 COMMnns :Tv.'O BROHN l" MA.INUNE BEt\\lEEN IJIS.l rnrnAtlCE AND	
 FhWlUE.S	

HOURS	RATE	TOTAL

Approved RECDD Ill Submitted to AP on 4.7.2026 by Jason Davidson
r>t- O?w

Should you have any questions or inquiries please call (386) 437-6211.

Yellowstone Landscape I Post Office Box 849 I Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

	"  "	" 	
Net Due Date Terms	FOB Description	Ship Via	Customer P.O.#	P.O. Release	Sales Agent#
 5/13/26	Net30		PPD Origin	HWTG	387

-------·-·
Item Name/	Qty	Trans	Unit	Price	Weight	Extended
Line#	Item Number	Description	Tax	Shipped	UOM	Price	UOM	Net/Gross	Price	
11.000	41930	Azone - EPA Reg. No. 7870-1	N	240.0000	GA	$2.8700	GA	2,320.8 LB	$688.801	
		1 LB BLK (Mini-Bulk)		240.0000	GA			2,320.8 GW		
1.010	Fuel Surcharge	Freight	N	1.0000	EA	$12.0000			$12.00	

2.000	14420	Sodium Bicarbonate	N	6.0000	BG	$45.0000	BG	300.0 LB	$270.00	
		50 LB BG (Pool Grade)		6.0000	BG			306.0 GW		

********** Receive Your Invoice Via Email **********
Please contact our Accounts Receivable Department via email at Credit.Dept@Hawkinslnc.com or call 612-331-6910 to get it setup on your account.

Approved RECDD 3 Submitted to AP 4.14.2026 By Kevin McKendree

----------------~~-------------------------------------------------------------- ---------
Page 1 of 1
Tax Rate
0 %
Sales Tax
$0.00
I Invoice Total
$970.80
--------·----------------'========·--·:==·-==::::::==------.-.--_-_--
No Discounts on Freight
IMPORTANT: All products are sold without warranty of any kind and purchasers wlll, by their own tesls, determine suitablllty of such products for their own use. Seller warrants that all goods covered by this Invoice were produced in compliance with the requirements of the Fair Labor Standards Act of 1938, as amended. Seller specifically disclaims and excludes any warranty of merchantability and any warranty of fitness for a particular purpose,
NO CLAIMS FOR LOSS, DAMAGE OR LEAKAGE ALLOWED AFTER DELIVERY IS MADE IN GOOD CONDITION.
CHECK REMITTANCE:
Hawkins, Inc.
P.O. Box 860263
Minneapolis, MN 55486-0263

WIRING CONTACT INFORMATION:
Email: Credit.Oept@Hawkinslnc.com

Phone Number: (612) 331-6910
Fax Number:  (612) 225-6702
FINANCIAL INSTITUTION:
US Bank
800 Nicollet Mall
Minneapolis, MN 55402

Account Name:	 Hawkins, Inc. Account#:	180120759469
ASA/Routing#:	091000022 Swift Code#:	 USBKUS44IMT
Type of Account:	Corporate Checking
ACH PAYMENTS:
CTX {Corporate Trade Exchange) Is our preferred method. Please remember to include in the addendum the document numbers pertaining to the payment.
For other than CTX, the remit to Information may be emailed to Credit.Dept@Hawklnsinc.com

CASH IN ADVANCE/EFT PAYMENTS:
Please list the Hawkins, Inc. sales order number or your purchase
order number if the invoice has not been proce_s_se_d?y_et_.	?
This contractor end subcontractor shall abide by the requirements of 41 CFR §§60-1.4(a)1 60-300.S(a) and 60-741,S(a). These regulations prohibit discrimination against qualified Individuals based on their status es protected
???ei??fra?l??:??i:eu:?ir?l!?iv?l!??:??ii?'e?i1::??i?:d?i=??'!'1?:?oplo??!??'ina?\Ji??1?:??ai!h:u?sr??:r? ::??c????l??'?:11???gll??X.sne:i100:ar??\?in?lp??r??ie???i??:;·s\?fi:	requIre that  covered prime contractors  and

Net Due Date Terms	FOB Description	Ship Via	Customer P.O.#	P.O. Release	Sales Agent # 5/14/26	Net30	 PPD Origin	HWTG				387
Item Name/	Qty	Trans	Unit	Price	Weight	Extended
Line#	Item Number	Description	Tax	Shipped	UOM	Price	UOM	Net/Gross	Price	
11.000	42875	Sulfuric Acid 38-40%	N	100.0000	GA	$5.1526	GA	1,087.0 LB	$515.261	
		1 GA BLK (Mini-Bulk)		100.0000	GA			1,087.0 GW		

11.010	
Fuel Surcharge	
Freight	
N	
1.0000	
EA	
$12.0000			$12.00 I	

********** Receive Your Invoice Via Email **********
Please contact our Accounts Receivable Department via email at Credit.Dept@Hawkinslnc.com or call 612-331-691Oto get it setup on your account.

Approved RECDD 3 Submitted to AP 4.15.2026 By Kevin McKendree
/;???

Page 1 of 1	Tax Rate
0 %
Sales Tax
$0.00

$527.26
No Discounts on Freight
IMPORTANT: All products are sold without warranty of any klnd and purchasers wlll, by their own tests, determine suitability of such products for their own use. Seller warrants that all goods covered by this invoice were produced In compliance with the requirements of the Fair Labor Standards Act of 1938, as amended. Seller specif!cally disclaims and excludes any warranty of merchanlabllity and any warranty of fitness for a particular purpose.

CHECK REMITTANCE:
Hawkins, Inc.
P.O. Box 860263
Mlnneapolfs, MN 55486-0263

WIRING CONTACT INFORMATION:
Email: Credit.Oept@Hawklnslnc.com

FINANCIAL INSTITUTION:
US Bank
800 Nicollet Mall
Minneapolis, MN 55402

Account Name:		Hawkins, Inc. Account#:	180120759469

ACH PAYMENTS:
CTX {Corporate Trade Exchange) is our preferred method. Please remember to Include in the addendum the document numbers pertaining to the payment.
For other than CTX1 the remit to lnformatfon may be emailed to Credit.Oept@Hawklnsinc.com
NO CLAIMS FOR LOSS, DAMAGE OR LEAKAGE ALLOWED AFTER DELIVERY IS MADE IN GOOD
ASA/Routing#:	091000022	CASH IN ADVANCE/EFT PAYMENTS:
Phone Number: {612) 331-6910	Swift Code#:	USBKUS441MT	Please listthe Hawkins, Inc. sales order number or your purchase
CONDITION,
_F_a_x_N_um_be_r_:_(?61_2?)_2_25_-6_7_0_2	Ty_p_e_o_f_Ac_c_o_un_t_:
c_o_rp_o_ra_te_c_h_e_ck_ln_g
o_r_d?!..??er If the invoice has not been processed yet.
!?::r??:1??c:??i!i??:1?b?"?tr;i???11i1?:!???i:ep?:h:?i?  ?ii?:r?rn??l?n°!g?ln?r?1n:?i??id??1's6?;!??5??t?1r??1e?1?!)??.
	
9	1  5	9
??tt?io?? s??: ?? n?:i??i:ro?i:t;,irrJ??!?vne? t?i::! ???i:!?i???d:??du??!s,?=:??v??e?t?i?t=t??n?:artir?c??? subcontractors take affirmative action to employ and advance in employment individuals without regard to race, color, religion, sex, natlonal origin, protected veteran status or disability.

W.B.MASON CO., INC.
59 Centre St
Brockton, MA 02301

Address Service Requested
888-WB-MASON www.wbmason.com

RIVERS EDGE COD 3 475 W TOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649
Delivery Address Rivers Edge COD 3 100 Grand Verde Drive Saint Johns FL 32259

Important Messages
Sign up for Paperless Invoicing at wbmason.com/paperless. Your Registration Code: 5638918228
W.B. Mason Federal ID#: 04-2455641

Looking for an easier way to see and pay bills?
Visit WWW.WBMASON.COM/ACCOUNTSTATEMENT.aspx to access your account, go paperless, review invoices and account statements, and link your checking account or credit card to make fast secure payments.

ITEM NUMBER	
DESCRIPTION	
QTY	
U/M	
UNIT PRICE	
EXT PRICE	
RCPD212BLU	MOP SUPER STICH MD BL	1	CT	57.63	57.63	

SUBTOTAL:	57.63	
TAX & BOTTLE DEPOSITS TOTAL:	0.00	
ORDER TOTAL:	57.63	
Total Due:	57.63	

BOSTON, MA 02298-1101	Submitted to A/P 04-09-26
By Richard Losco
?U-4-C-8

RIVERS EDGE COD 3 475WTOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649

PLEASE REFERENCE INVOICE NUMBER WHEN MAKING PAYMENT. PAY ON OUR WEBSITE OR SEND PAYMENT TO:

W.B. MASON CO., INC. PO BOX 981101
BOSTON, MA 02298-1101

W.B.MASON CO., INC.
59 Centre St
Brockton, MA 02301

Address Service Requested
888-WB-MASON www.wbmason.com

RIVERS EDGE COD 3 475WTOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649
Delivery Address Rivers Edge COD 3 100 Grand Verde Drive Saint Johns FL 32259

Important Messages
Sign up for Paperless Invoicing at wbmason.com/paperless. Your Registration Code: 5638918228
W.B. Mason Federal ID#: 04-2455641

Looking for an easier way to see and pay bills?
Visit WWW.WBMASON.COM/ACCOUNTSTATEMENT.aspx to access your account, go paperless, review invoices and account statements, and link your checking account or credit card to make fast secure payments.

ITEM NUMBER	
DESCRIPTION	
QTY	
U/M	
UNIT PRICE	
EXT PRICE	
RCPD212BLU	MOP SUPER STICH MD BL	1	CT	57.63	57.63	

SUBTOTAL:	57.63	
TAX & BOTTLE DEPOSITS TOTAL:	0.00	
ORDER TOTAL:	57.63	
Total Due:	57.63	

return below portion with your payment

PO BOX 981101
BOSTON, MA 02298-1101

RIVERS EDGE COD 3 475 W TOWN PL STE 114
Approved RECDD 3 Submitted to A/P 04-09-26 By Richard Losco
?ua.ce

PLEASE REFERENCE INVOICE NUMBER WHEN MAKING PAYMENT. PAY ON OUR WEBSITE OR SEND PAYMENT TO:
SAINT AUGUSTINE FL 32092-3649

W.B. MASON CO., INC. PO BOX 981101
BOSTON, MA 02298-1101

W.B.MASON CO., INC.
59 Centre St
Brockton, MA 02301

Address Service Requested
888-WB-MASON www.wbmason.com

RIVERS EDGE COD 3 475 W TOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649
Delivery Address Rivers Edge CDD 3 100 Grand Verde Drive Saini Johns FL 32259

Important Messages
Sign up for Paperless Invoicing at wbmason.com/paperless. Your Registration Code: 5638918228
W.B. Mason Federal ID#: 04-2455641

Looking for an easier way to see and pay bills?
Visit WWW.WBMASON.COM/ACCOUNTSTATEMENT.aspx to access your account, go paperless, review invoices and account statements, and link your checking account or credit card to make fast secure payments.

ITEM NUMBER	
DESCRIPTION	
QTY	
U/M	
UNIT PRICE	
EXT PRICE	
MRCP200N	TOWEL,MFOLD, 16PK/250,NTTN, 16PK/CT	1	CT	55.19	55.19	
RCPD253BLU	SUPER STITCH BLEND MOP HEADS, COTTON/SYNTHETIC, BLUE, LRG,6/	1	CT	77.51	77.51	
KMWK33475WW	KENSINGTON CA1100E USB-C TO ENET ADAPTER	1	EA	25.53	25.53	
TRPN201007BL	CABLE,PATCH,SNGLS,7FT CAT6,BLUE	3	EA	5.93	17.79	
CGW35001CT	CRYSTAL GEYSER WATER,ALPINE,SPRG,35BTL	2	CT	22.48	44.96	
BICGSM609BK	PEN ROUND STIC 60 PACK BK	1	BX	8,69	8,69	
- Please See Next Page for Continuation -

W.B. MASON CO., INC. PO BOX 981101
BOSTON, MA 02298-1101

RIVERS EDGE COD 3 475 W TOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649

Approved RECDD 3 Submitted to A/P 04-09-26 By Richard Losco
?b4-C,6

PLEASE REFERENCE INVOICE NUMBER WHEN MAKING PAYMENT. PAY ON OUR WEBSITE OR SEND PAYMENT TO:

W.B. MASON CO., INC. PO BOX 981101
BOSTON, MA 02298-1101

W.B.MASON CO., INC.
59 Centre St
Brockton, MA 02301

Address Service Requested
888-WB-MASON www.wbmason.com

ITEM NUMBER	I	
DESCRIPTION	I	
QTY	I	
U/M	I	UNIT PRICE I	
EXT PRICE	
- Continued On From Previous Paoe •										
CLO31043	I DISINFECTANT 4IN1 OR	I	4	I	EA	I	9.611	38.44		

SUBTOTAL: TAX & BOTTLE DEPOSITS TOTAL:
ORDER TOTAL:
Total Due:
268.11
0.00
268.11
268.11

W.B.MASON CO., INC.
59 Centre St
Brockton, MA 02301

Address Service Requested
888-WB-MASON www.wbmason.com

RIVERS EDGE COD 3 475WTOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649
PM

Invoice Number	261232459	
Customer Number	C3189841	
Invoice Date	04/09/2026	
Due Date	05/09/2026	
Order Date	04/08/2026	
Order Number	S161081763	
Order Method	WEB	

Delivery Address Rivers Edge COD 3 100 Grand Verde Drive Saint Johns FL 32259

Important Messages
Sign up for Paperless Invoicing at wbmason.com/paperless. Your Registration Code: 5638918228
W.B. Mason Federal ID#: 04-2455641

Looking for an easier way to see and pay bills?
Visit WWW.WBMASON.COM/ACCOUNTSTATEMENT.aspx to access your account, go paperless, review invoices and account statements, and link your checking account or credit card to make fast secure payments.

ITEM NUMBER	
DESCRIPTION	
QTY	
U/M	
UNIT PRICE	
EXT PRICE	
CLO31043	DISINFECTANT,4IN1,OR	3	EA	9.61	28.83	
MRC05002	TISSUE,BATH,2PLY,RCY,500/RL,96/CT,WH	1	CT	54.89	54.89	
MRCP200N	TOWEL MFOLD 16PK/250 NTTN 16PK/CT	2	CT	55.19	110.38	

SUBTOTAL:	194.10	
TAX & BOTTLE DEPOSITS TOTAL:	0.00	
ORDER TOTAL:	194.10	
Total Due:	194.10	

W.B. MASON CO., INC. PO BOX 981101
BOSTON, MA 02298-1101

RIVERS EDGE COD 3 475 W TOWN PL STE 114

Approved RECDD 3 Submitted to A/P 04-13-26 By Richard Losco
?U-4-66

PLEASE REFERENCE INVOICE NUMBER WHEN MAKING PAYMENT. PAY ON OUR WEBSITE OR SEND PAYMENT TO:
SAINT AUGUSTINE FL 32092-3649

W.B. MASON CO., INC. PO BOX 981101
BOSTON, MA 02298-1101

(3189841261232459261232459□□□□□□01941□4

Bill To:
Rivers Edge COD Ill
c/o Vesta Property Services 475 West Town Pl Suite 114 Saint Augustine, FL 32092
Property Name:  Rivers Edge COD Ill
Address:	475 West Town Place Suite 114
St. Augustine, FL 32092
INVOICE

Remit To:
Yellowstone Landscape PO Box 1O1O17 Atlanta, GA30392-1017
Invoice Due Date:  May 1, 2026
Invoice Amount:	$94,899.28

Monthly Landscape Maintenance April 2026	$94,899.28

Invoice Total	$94,899.28

Approved RECDD Ill Submitted to AP on 4.13.2026 by Jason Davidson
?n-0??

Should you have any questions or inquiries please call (386) 437-6211.
Yellowstone Landscape I Post Office Box 849 I Bunnell FL 32110 I Tel 386.437.6211 I Fax 386.437.1286

KILINSKI I VAN \VYK
Kilinski I Van Wyk PLLC
INVOICE
Invoice# 14709 Date: 04/20/2026 Due On: 05/20/2026

P.O. Box 6386
Tallahassee, Florida 32314 United States

Rivers Edge Ill COD
475 West Town Place Suite 114 St. Augustine, Florida 32092

Statement of Account

Outstanding Balance
$0.00
New Charges
+	$3,475.08
Payments Received
) - (	$0.00
Total Amount Outstanding

)=1?		$?3?,4_75_._08 	_.

RE3CDD-01
River's Edge Ill - General Counsel

I

!

Service	JK	03/26/2026	Review conservation easement/ estoppel request and coordinate with GMS on same	0.20	$350.00	$70.00	
Service	MGH	03/27/2026	Review and analyze additional homeowner correspondence and	0.20	$295.00	$59,00	
			photos regarding turf damage and				
			related issues.				
Service	LG	03/29/2026	Review and analyze bills passed in 2026 legislative session and impacts	0.10	$350.00	$35.00	
			on District operations.				
Service	LG	03/30/2026	Review addendum 3 to landscape	0.40	$350.00	$140.00	
			RFP; provide information on bid bond				
			requirements; review information				
			regarding Parcel 40 estoppel.				
Service	LG	03/31/2026	Review and revise March minutes.	0.40	$350.00	$140.00	
					Total	$3,475.08	

Please make all amounts payable to: Kilinski I Van Wyk PLLC Please pay within 30 days.
61-hut,, c/41,)aq
4/22/2026

Rivers Edge CDD			
475 West Town Place, Suite 114 St. Augustine FL 32092	
DATE:	
April 23, 2026	
Phone 904 940 5850  Fax 904 940 5899	INVOICE#	4232026	

Bill To:
Rivers Edge Ill COD
475 West Town Place, Suite 114 St. Augustine FL 32092

Make check payable to:
Rivers Edge CDD
c/o GMS LLC
475 West Town Place, Suite 114 St. Augustine, FL 32092

THANK YOU FOR YOUR BUSINESS!

USA

Rivers Edge Cdd
Legal Entity: USA TODAY Media Corp, Terms and Conditions: Past due accounts are subject to Interest

at the rats of 18% per
475 W Town Place, Ste 114 Saint Augustine, FL 32092
annum or the maximum legal rate (whichever Is less). Advertiser claims for a credit related lo rates Incorrectly Invoiced or paid must be submitted In writing lo Publisher within 30 days of the Invoice dale or the claim will be waived. Any credit towards future advertising must be used within 30 days of Issuance or the credit will be forfeited.
All funds payable In US dollars.

BILLING INQUIRIES/ADDRESS CHANGES 1-877-736-7612 or smb@usatodayco.com	FEDERAL ID 47-2390983
Save A Tree! USA TODAY Co. ls going paperless. Enjoy the convenience of accessing your billing information anytime and pay online. To avoid missing an invoice, sign up today by going to https://gcil.my.site.com/financialservicesportal/s/.

3/1/26
3/16/26

Balance Forward PAYMENT-THANK YOU
Am!Ju.nt
$113.52
-$113.52

Start-End Date Order Number	Product	Description	PO Number	Package Cost	
3/4/26 12128442	SAG St Augustine Record	Landscape RFP	Landscape RFP	$358.32	

As an Incentive for customers, we provide a discount off the total Invoice cost equal to the 3.99% service fee If you pay with Cash/Check/ACH. Pay by
Cash/Check/ ACH and SaveI
Total Cash Amount Due Service Fee 3.99%
*Cash/Check/ACH Discount
- -	-	- -
$358.32
$14.30
-$14.30
*Payment Amount by Cash/Check/ACH
-	Payment Amount by Credit Card
$358,32
$372.62
?
	Pl,.E:ASE: Qt;fACHANP•RE:J]JRNTHIS .RORTIQN WITH YOUR PAYMENT

□□□□764134□□□□□□□□□□□□□7644441□□□3583267176

USA TODAY CO®
*LocaliQ
AFFIDAVIT OF PUBLICATION
Ri-vcrs Edge Cdd
Rivers Edge Cdd c/o GMS, LLC 475 \Vest Town Place, Suite 114 SL Allgllsline FL 32092

STATE OF WISCONSIN, COUNTY OF BROWN

Before the undersigned authority personally appeared, who on oath says that he or she is the Legal Coordinator of the St Augustine Record, published in St Johns County, Florida; that the attached copy of advertisement, being a Govt Bids
& Proposals, was published on the publicly accessible website of St Johns County, Florida, or In a newspaper by print In the issues of, on:

SAG St Augustine Record 03/04/2026 SAG staugustit1e,co111	03/04/2026

Affiant further says that the website or newspaper complies with all legal requirements for publication. In chapter SO, Florida Statutes.
Subscribed and sworn to before me, by the legal clerk, who Is personally known to 111e1 on 03/04/2026
?
Lego! Clerk	f{\{YV\?

Notary, SLnte of WI, Cm111ty of Brown
er 1s·

PO Box 631244 Cincinnati, OH 45263-1244

My commission ?xpire?

Publication Cost;	$358.32		
Tax Amount:	$0.00		
Payment Cost:	$358,32		
Order No:	12128442	ff of Coples:	
Cuslomer No:	764134	1	
PO #:	Landscape RFP		
TH1S lS NOT AN INVOTCE!
P/vasv tlo II/JI 11s?1h1:,· /i1r111Ji11· p11,1·m,•111 n·mi//c//1t'('.

Page 1 of 3

ltEQUES, FOR PIIOPOSALS LANDSCAPE /IIID IRRlG/ff!Oll MMNHN/IIICE SERVICES FOR RIVERS EDOE COMMUNITY DEV!.LOPMENT DIS•RIC,1 RIVERS EDGE II COMMUNITY DEVELOPMEllT DISTnlCT, AND
RIVrns ma, Ill COMMUNITY DEVEloPMEN1 DlsrnlCT AND
IIOTlcE OF PUnLlC MEErlNG TO
oPEll hFP RESPOHSES
St, Jqlms C91,mty, Florl<..lil
Notice1:1???t?0?F?:t0lh?1
?dgc- CQmtm.lnlly bnveluµtnonl
??s?:lel?s ct!???ltfdJ'ij11?1lloFtt:?t
?lstrlcts (11ntvers Edge 111{  und
?????lJ;gfs1rl?t;(,?Rl???!t?d?:v,i]?
ill\<l1 llll Districts together, lho "'Olstrlch") \'Jill acc11pt proposals (rain nil l{Ur\Jlfied companies. Inter?
o.stcd In providing hindscape and lrrlgotlco rnnintenon,;e s.ervlceo- for
1
i>?3elH???:r ?cl??g tti
Dl>lrltls,
l???\1nfirt1er<!, 1nf!1utt;eqJ::r01;?:
proposri]s (l'flPP'1) will be avaflablB
?b1fi???' bt?:c?1?on Q?ndM???r\ h6? 2026\Jal 9:00 a.m,	("PtoPosol Pltk? p Thrie11} b? e nlillllng tht1 Oli:;trlr.\ M1tni!Qn11 Cotbln deNugy1 nt
f?e?h???;;??;i\'}??n??lt?.,1thc\??
subject  line  HRlvartowri  RFP
Requl'.ltt rot Ptojul Manual,"
Firms desiring lo submH proposals for this ptoJec:l mU:-l ii Himd :ii rntn'ldi3lory p1e?proposal meeting, on M1nc:h :l:!, lOi61 .it 10:00 i1,tn.
\i?Tk,??rtS1?cr?v????uft 'J?h???
::::i;a(slrr?us?es1???llt10Q??0(i? orlt,ln.t!, lnn {1o) hard copies, and ona olaclronlc copy on a thumb drive ot lhc required propos.al n¢ la\or lh•n April ., ?020, •l 1,00
?.h'>, nt A1B West rown Pl;1.ce1 Suite. 1 l41 st, Auuustlna, Fl.. 3i09?1 Att<nllon1 cotbln doNagy Addi·
tlonaUy1 as fUtlhcit dtis-1'."r)bed In the P,<ijHt Manuul1 each ptQposer shilll suppl)' a bid band or cashier's check In tho amount or ten?thou-sand dollars ($10,000.00) with Its
??oe?:a\•o altettd thn mnhcfato,y
pre?ptoposal hH1e:llno ilS ?"inetltfo'1
m?1,rjfa??,???eW:h????????1!1 1?fl be ?Ubmltted !rt a seilliul pa.ckr.,ge-, shult bear the name or lhCI proposer
??off?1?!r\?ry3e??l??\?:ci:ai?t:??
?11??:r;p?:?t''?1tt?t?!1\??i???i
und Irrigation Millntenatice Services
r::irabla!T:;ro?:?:tid::u:Yerbed.elU;_t?
facslmfle1 telephonic, a..malled, or lelegrapMc  ,ubmlnal,  will  be
th;e?1h?d?{:S0 r:?d1vtl?:'}??
s\lbmllt!)I may no? be consldetl'.!cl In the Dlstrkls1 dl.$crellon but c.-nn bo chilrned by the  owner within U:l!
(10) calenda.1 days of \he submittal deadline, Qf If not 1etrie1,1ad within the  .i(oremenlloned  \lmeframa,
rgayo?de?el?o????rlt?e i11dt.1icot:?h
?Lds1;?:;ur?(Uo??:?l??:i2h?1?0 ?ll
f,?5?1Jrt9.!iltht!s?ndwil?e?h1c11Fi??rl?
Dl!parlrnent a{ Transportation a11cl
(?iJh??:?ct7!??inni?d{:)0"y?i?r?i
experlence with l.ind.tcapa n\alnlo-t\ance projects; and (3) attend tho mandatory pr?·bld nleellng, /\II prn)?olielS shot.1ld request n copy or the Project Manua) prior to tha pro•
???fe??"l'°'??:,11\?fli n?tp?:5av??1ab1:
:?se?t!t l??eeN?fii l?he\h???t,;?i!
???j??\1?a??ar??eu??itti?s t??el?1
???v1S?0???iJo0tt?0?11?1??119!?
only to lt10$e propos.efs who ha\le
reqUt!sted a t'JoJact MPl)Ui!il-
???l??R:?•,??l?!t\:ac;do?:>:i??????t?}? the Projatl t,l.!nunl al a noticed public mauling fbllowlng the open-Ing Qf lhq bids. Pllcn wlll be one
{actor used lh dC!tooninlng  the
mcmosill Ihill ls In thn host lnlc/ ?st
of th!! Oistrfc.ts, but the DlstJlcts
!;!-Xplldtly ,?serve the tight to 11\i."1.ke such awerd to other than lhe. lowosl ptk.o p1qpo$al, The Dlsldcts hti\tti th? rJ9ht to leJQ.c;\ ill'IY and 'all propoSills trntl \'lilive 1;1ny \e<;hnlr;i!I
1   1	1 1 1
c.' 1 n?Ji?,??: i1IIY1 dct0:rinlne ln \IH?lf df5c1etlon It Is fn tho LH1:st lntere.'it of lhe Distritls tu (lo so,
Ptotasts
Any p1otesl raga1dhl!:f the t>1oject Martuill, lncludlng bul "lOl lurntc-tl to prQl!!sts r?le\lng to thl'.: ptopos.nl
?l?;1c;;o???;l'r°ti?s?1N:?rr;????;:i
folnt. the scope of \11011<t (ht> mnp,
tht- ?pec;.lhrn\/qns, the cy,:,.)uDllol\
J>ugi: 2 oJ'2

??ltt!b\j?ho?h/n \??li??J??t ?;:i,?il?
ot nny  othN isSUl!s or ltC!mS' tC!.h1t•
loo to the Pfojcct Mnnunl1 mus! ba fllod in \11rirln9 wlthin seventy•lWo (72} hours n(tor lhe Propos.'.11 Pkk•
Up Thr1n, ThC!. formal pro\e$t !>?ttlng
??rJhla?;:l0h !????1??,:???i,::t-\! bas-ed shall be Uled wl\hln seven 17\ calendat days after the lnltlu
l?\i1??elifi{e0?e???j';;tr1???[:!?0
??
failu1 e to Hrne\y file. .i rCJ1rnal writ· te.n pro\es\ s.hall con?>tftull!. d waiver of ;;my tlgh\ lO object 01
?[??=?' s;?i;IH???foe;; ?0, a????;!?i
docu1mmls. Addltlomil info,mallnn
and requirements regardlnQ prolests arE! set (or\h In th? Projecl MallUPl il,l)d the DIHrlcts' nuJe.:. of 1-'roc:edur?, whkh are ov111h•llle frorn thlJ'  CJfst1icts  Managot.  An•::l
?:?fe s tl?r p?vtt:sn?es theNo\t??Je?{ Ma1H1al1 a pn;ipr;,s\lT reJcctlon, or ii rroposnl .iw1Hd slrnll pos:.t with the
Ols-t,fc\s al the time of tlllng, a
bfit\1???,?1?i/e d??fsi?l,e or t:cu!?:
?re the .subJei:;t of the protest. If tho protest 1eht1es to nit lh1e?
Dlst1icls, P .$"epa1ale p1otes\ bond
shall be filed v?lf, each Dfstrlcls,
i?ajt:tk?!??J ...-l,?fl'0?:stl?g t?:
amount ct ten thousand doltar s
b1??,1?i?,oolpt?i;?l?hst,au1?;?g
ptotest bond for protesting a proposal reJectlon or p1opO.!'.i?I a\'ii!ird shall tie In on amovnt ?qu?il
?h???ri:1???rJn(1lg?)l?f????:?uie??
than teh th(lu!ni,nd dollars (S10,000,00), Bonds shall be by a
U,$, poslal ?ervJce nwney r;iJ?Hr1 t:ettified1 c:a.shie.r'.$ ?h,;!ck Qr ?ucli other fo1m of su1ely i;is the Dlst1ftts Staff may itpprove. All bonds shall be made poyable lo the Plsltlcts,
?-'l/UrQ to post such bond v,Hhln lhe
	•	r:11{\?s?,i?l?-??0b?i?t0111!?\)?1s?1tb1
the  Dlsttltts, wllh !he r,topose1
afforded ou relief.
Nol/co of i'ubllc Mo,1/o,i (o< aid
Opo11/ng	•
A speclol Joint meeting of the fHVets t:dge CornmunHy Oevelopw mQr'll Plslrlcls, 11lver? Edge- II Community Oovo-lopment Dls-lrkls1 nnd  Alve1s Edge Ill community
?1??ei?«Vi,erJ2?? !\??go'??:n??1l??? w?st Town Place, suite 114, Sl. Augustine, Fl 32092 for 1he sale purposa al opQnlng lho bids, No o(ftc.;lttl ncllon o( (ht! Dl.stticls' Boi>rds will be laken ill this: moot..
?u9buJh:n?e,?fltt?5 c??d?c??d11? FF?ri??ara??-?ltta??edrrttt?s??nesnd? for Lhls meeting may be obtained by con lac.ting Lhe: Dlstrkl ManiJgol,
Gove.rnmanl;))	M?nagotrH!r'll Se1vltns1 LLC1 476 Wusl TOWn Plat?,
f?J?)1?t·.?ks??ti?!1???%t1n?2??:y
be continued to a dale1 llrn?, and plec? lo be- specified on the record Bl the rneellng.
lhere may be otces\ans- \Vhen staff
QI o1h!!r Jndl\llduals m:ay pa1tidpi1lt!
?%q ?f, ?c??: !ttih??:?:?"Qdil?tl???
11
dlsubflfty ??cl?7t?sl?:{1?:;alt?cn?
s:hould t;ot,to.t:t the blsltlcl Of/Ice ?l (00,1) 9,to.saso ?l le?st three (3) days prior lo lhe meeting, If you are hea,lnu or speech hr'lpal1ed1
plca?e cootnct thQ Florida Reh>Y.
service •I 1·800•955•8770, for aid In contar:tlog the Dls1rkl Office, Ei\ch pecson who dccide:i- to appeal any de-d$lon rnade whh respe.,t to al\Y Jnptte-1 con?ir;lered at ii fl\e.1;>lll\9 I? adVl!.ed thnt µerson WIii n?ed a recotd ol proceedings  and that
;;i.cco,Qingl)•, the p,:rson mi}y ne?d to cns?uc \h.i? o Votbi.'ltim tecotd of the pfo(eedln9.s I? ma.de, (!)eluding
!,?h\J,ei\??l!?,';?'p:J1s??1?!tac!t:f.on
It Its .a11tlc.lp?led tll;J.t bldc.Jeis wlll be
1	1
r,??l:?1?\?1??11e??n?J? :??11::??,1?f presentotioo of tlHtit praposol, Mo subSUl'\llYC am?ndnHi.nts will be
f1???!lih?d??; ?Yth1;ero???sl?w:?
meeting will be dlstdCuted ist!l)il-rately lo ;ii} bidders Who ;itlend thu pre-•plopa?;J.t mee:llng ;ind wlll be posted on th? dl.?trlc:ts: webslta-'>, Any and all que.sllons r!:!Jallve lo this request fo1 prapo:$als shall be d\i?ct,;,,;:f only fn \'trlltng ta lh<! Dis\li?\ Ma.nage,. C:01bln deNagy, nt cden;i9y@grnsn(.com1 Wi\h e·m?U i;.opiM. to l,..tHlr?n Gentry nt L1WI Pl\@Cddlawye-u; com.	Te-Je? phune  lmtultlos  wilt  NOT  bt:!
.'.lccep\?d.

W.B.MASON CO., INC.
59 Centre St
Brockton, MA 02301

Address Service Requested
888-WB-MASON www.wbmason.com

RIVERS EDGE COD 3 475 W TOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649
Delivery Address Rivers Edge COD 3 100 Grand Verde Drive Saint Johns FL 32259

Important Messages
Sign up for Paperless Invoicing at wbmason.com/paperless. Your Registration Code: 5638918228
W.B. Mason Federal ID#: 04-2455641

Looking for an easier way to see and pay bills?
Visit WWW.WBMASON.COM/ACCOUNTSTATEMENT.aspx to access your account, go paperless, review invoices and account statements, and link your checking account or credit card to make fast secure payments.

ITEM NUMBER	
DESCRIPTION	
QTY	
U/M	
UNIT PRICE	
EXT PRICE	
CLO31043	DISINFECTANT,4IN1,OR	2	EA	9.61	19.22	
MRCP200N	TOWEL,MFOLD, 16PK/250,NTTN, 16PK/CT	1	CT	55.19	55.19	
BICGSM609BK	PEN,ROUND STIC 60 PACK,BK	1	BX	8.69	8.69	
CGW35001CT	CRYSTAL GEYSER WATER,ALPINE,SPRG,35BTL	1	CT	22.48	22.48	
GJO54101	MOP;DUST;W/HANDLE	1	EA	42.28	42.28	
GJO00245	DUSTMOP·COTTON·DISP·24X5	1	EA	9.07	9.07	

SUBTOTAL:	156.93	
TAX & BOTTLE DEPOSITS TOTAL:	0.00	
ORDER TOTAL:	156.93	
Total Due:	156.93	

W.B. MASON CO., INC. PO BOX981101 BOSTON, MA 02298-1101

RIVERS EDGE COD 3 475 W TOWN PL STE 114

Approved RECDD 3 Submitted to A/P 04-20-26 By Richard Losco
?1-&-?

PLEASE REFERENCE INVOICE NUMBER WHEN MAKING PAYMENT. PAY ON OUR WEBSITE OR SEND PAYMENT TO:
SAINT AUGUSTINE FL 32092-3649

W.B. MASON CO., INC. PO BOX 981101
BOSTON, MA 02298-1101

W.B.MASON CO., INC.
59 Centre St
Brockton, MA 02301

Address Service Requested
888-WB-MASON www.wbmason.com

RIVERS EDGE COD 3 475 W TOWN PL STE 114
SAINT AUGUSTINE FL 32092-3649
Delivery Address Rivers Edge COD 3 100 Grand Verde Drive Saint Johns FL 32259

Important Messages
Sign up for Paperless Invoicing at wbmason.com/paperless. Your Registration Code: 5638918228
W.B. Mason Federal ID#: 04-2455641

Looking for an easier way to see and pay bills?
Visit WWW.WBMASON.COM/ACCOUNTSTATEMENT.aspx to access your account, go paperless, review invoices and account statements, and link your checking account or credit card to make fast secure payments.

ITEM NUMBER	
DESCRIPTION	
QTY	
U/M	
UNIT PRICE	
EXT PRICE	
FLFBLZP8805BK	MIDBACK BLK MESH SWIVEL TASK OFFICE CHAIR W/GRAY FLIPUP ARMS	1	EA	219.99	219.99	

SUBTOTAL:	219.99	
TAX & BOTTLE DEPOSITS TOTAL:	0.00	
ORDER TOTAL:	219.99	
Total Due:	219.99	

portion with your payment

W.B. MASON CO., INC. PO BOX 981101
BOSTON, MA 02298-1101

RIVERS EDGE COD 3 475WTOWN PL STE 114

Approved RECDD 3 Submitted to A/P 04-20-26 By Richard Losco
?Le<U::,,6

PLEASE REFERENCE INVOICE NUMBER WHEN MAKING PAYMENT. PAY ON OUR WEBSITE OR SEND PAYMENT TO:
SAINT AUGUSTINE FL 32092-3649

W.B. MASON CO., INC. PO BOX981101 BOSTON, MA 02298-1101

FOURTH ORDER OF BUSINESS

A.

E.

RECDD’s Monthly Operations Report
Date of report: 06/17/2026	Submitted by: Kevin McKendree & Richard Losco

RECDD I

Painting of RiverHouse:
The RiverHouse needs painting both interior and exterior. We are gathering quotes to present to the board in October. This is a planned capital reserve project. This was approved and we are working on scheduling. We expect this to take months as there are many parts to it that we must work around i.e. rentals and the ongoing pool project. Work started ﬁrst week of the new year. Gym side bathrooms are completed. Yoga room is completed. Gym is completed. Interior rental side is completed. We are working on exterior now.

Rental Side Remodel:
We have begun the process of developing a plan and gathering quotes for the remodel of the rental side at the RiverHouse. Chairman Mcintyre is our liaison for this project. We will present this to the board when all the information is gathered.

Tennis Court Fencing:
Tennis court fencing was approved in Marchs meeting for B and B Tennis to execute. We are working on
scheduling now as the courts will be shut down for 2 weeks to complete this. Possibly mid-July.

Groves Playground:
During playground inspections we discovered extensive rot at the base of the Robinia wood structures at the Groves playground. This is very similar to the pirate ship playground at the RiverClub with signs of termite damage. We went ahead and demolished the old wood parts of the playground, as even coned oﬀ, kids were continuing to play on them. CDD board 1 elected to go with Kompan’s proposal. Although boards 2 and 3 stated they would not want any other company besides Kompan in Rivertown, we will need both boards to oﬃcially cast their vote before ordering this new playground.

Umbrellas at RiverHouse:
New umbrellas were approved and ordered for the RiverHouse pool deck. This should be an 8-week
lead time.
Basketball Court Vandalism:
Due to the continued vandalism of the basketball court with e-bikes, we recommend fencing in the court without access control. This will corral any bikers on the court as we contact the police. We have it in the budget to resurface the court, but this would be pointless until we can end the bikes going onto the court. This was approved and we have placed our order with Fencescapes. Scheduling to follow.

Feature pump motor at RiverHouse:
The feature pump motor went out last week at the RiverHouse. This controls the bubblers at the beach entry and water shooters on the pergola pillars. A replacement has been ordered and will be replaced as soon as it arrives.

RECDD II

Pirate Ship Playground:
During a playground inspection we discovered some severe rot on the top decking and supporting posts of the pirate ship at the RiverClub. We closed the structure and notiﬁed the community. We met with Kompan and they will be honoring the warranty on this repair with a full replacement. Kompan has never experienced a warranty claim like this, and we are part of a global study as to why the Robinia (black locust) wood failed. The CDD is only on the hook for removal of the old ship and the W.D.O (wood destroying organism) inspection which has been completed. The new unit is scheduled to arrive in Austin Texas from Denmark on June 17th at which point scheduling will begin. This warranty claim saved the community $200,000-$250,000 vs replacing the unit.

All Districts

Mainline breaks:
Last week on the morning of 12/11 we had 13 mainline breaks occur, scattered throughout RiverTown due to what we believe was a giant water hammer event. We have been in contact with JEA on helping us with repair costs and ﬁnding the source of the problem which we believe was increased pressure from the new booster station. Yellowstone is discounting these repairs to help us out in case the city of Jacksonville who handles JEAs insurance claims, denies us.

RECDD’s Lifestyle Report

Date of report: 06/17/2026	Submitted by: Kim Fatuch

May Events
	•	5.22.26 – Dustin Bradley Music
	•	Live Music in the café
	•	5.25.26 – Annual Luau
	•	Residents can enjoy a Hawaiian themed pool party at the Riverhouse
	•	Roughly 300 residents attended this event.
	•	Dancers were amazing

	•	​

	•	​

June Events
	•	6.11.26 – Music Bingo
	•	Residents’ favorite weeknight game in the café
	•	6.12.26 – Jeremy Weinglass
	•	Live music in the café
	•	6.13.26 – Balls, Brews & Bonﬁre
	•	To celebrate the dads, we are holding a dad-centric event at the RiverHouse.
	•	6.19.26 – Greg Johnson
	•	Live Music in the café
	•	6.25.26 – Music Bingo
	•	Residents’ favorite weeknight game in the café
	•	6.27.26 – Adult Toga Party
	•	Residents 21+ are invited to the RiverClub for a kid-free evening at the pool

RECDD’s Amenity Manager Report

Date of Report: 06/17/2026	Submitted by: Ken Council & Richard Losco

Summer is in full eﬀect! Lifeguard hours are 11am – 7pm at the RiverHouse (Tuesday – Sunday), and 10am – 8pm at the RiverLodge (Thursday – Tuesday). The RiverHouse Slide & RiverLodge Water Activity Pool/Splash Park will only be open when lifeguards are on duty. The RiverTown Annual Luau was a major success on Monday, 5/25/2026 at the RiverHouse. Technogym is waiting on parts to repair the Lat Pulldown at the RiverLodge.

RiverHouse
*Closed Mondays* Clubhouse Staﬀ Hours:
11am – 7pm (Sunday, Tuesday - Thursday)
11am - 9pm (Friday & Saturday)
Recreational & Lap Pool:
	•	Both pools are open 30 minutes after Sunrise until 30 minutes before Sunset
	•	Lap Pool is for Lap Swim Only!!! No hanging on Lap Lines!! No diving oﬀ dive blocks!
Fitness Center:
	•	4am – 12am (Sunday – Saturday)
Other Updates:
	•	Lifeguard hours are 11am – 7pm at the RiverHouse (Tuesday – Sunday).

	•	The RiverTown Annual Luau was a great success on Monday, 5/25/2026 at the RiverHouse.

RiverClub
*Closed Tuesdays* Amenity Hours:
	•	10am – 9pm (Sunday, Monday, Wednesday, & Thursday)
	•	10am – 10pm (Friday & Saturday)
Other Updates:
	•	Dynamic Security will be out to repair Southeast pool gate magnetic lock.

RiverLodge
*Closed Wednesdays*
Amenity Hours (Airnasium & Fireplace):
	•	10am – 8pm (Thursday - Tuesday)
Water Activity Pool/Splash Pad & Lifeguard Hours:
	•	The Water Activity Pool/Splash Park will only be open when lifeguards are on duty.
	•	Lifeguards will be on duty from 10am – 8pm every day (except Wednesdays) for Summer.

Lazy River, Lounge Area, & Volleyball Court Hours:
	•	10am – 30 minutes before sunset
Fitness Center:
	•	4am – 12am (Sunday – Saturday)
Other Updates:
	•	Technogym is awaiting parts to repair the Lat Pulldown machine.
	•	ACE Doors came out to repair the broken gate from the Volleyball court to the maintenance parking area on 6.4.2026.

RECDD’s Café Report

Date of report: 06/17/2026	Submitted by: Lisa McCormick & Richard Losco

The month of April showed no signs of slowing down with strong Total POS Net Sales at
$97,646. Food and Beverage continue to be the primary revenue drivers, with alcoholic beverage sales not far behind. Wages as a percentage of net sales were 22.2%, phenomenal, and food and beverage expense hovered at 43.4% of net sales. We will continue to review purchasing, waste, and pricing to minimize our cost of goods expense to maintain low prices for our residents.

April represents the change of seasons and the beginning of summer, with events and programs scheduled throughout Labor Day! April events included music bingo and live music entertainment. Memorial Day and July 4th festivities have been planned for the community.

Planning will continue for staffing needs, menu design edits, and service-related issues. One of the biggest challenges this summer will be meeting staffing needs. The kitchen is focused on reducing cost of goods sold and managing labor schedules to improve gross margins. Labor costs are well controlled overall but fluctuate significantly with net sales volume.
Square POS Net Sales were up 15.7% for the month of April @ $97,646 compared to $84,386 prior year. Revenue was driven by the warm weather and booked events which included live music and music bingo.

Cost of Goods Sold (Food and Beverage) was @ 43.4% in the month of April, compared to 38.8% prior year.
Food & Beverage as % of Revenue:

Target	12-Month	% Rate – 40%	
Optimal	12-Month	% Rate – 35%	
Actual	April ‘26	% Rate – 43%	

Gross Wages as % of net sales were 22.2% in the month of April, compared to 24.1% prior year.
Gross Wages as % of Revenue:

Target	12-Month	% Rate – 35%	
Optimal	12-Month	% Rate – 30%	
Actual	April ‘26	% Rate – 22%	
If the current trends continue, summer months could surpass prior peak months in both revenue and net income, reinforcing a strong 2026 performance.

	Account	Rivers Edge III CDD		
Work Order	00977167	Contact	Kevin McKendree	
Work Order Number	00977167	Address	73 Shinnecock Drive Saint Johns, FL 32259 United States	
Created Date	6/4/2026			

Specialist Comments to Customer
Report reflects work performed on 6/3/26. Herbicide was used to control invasive and nuisance vegetation along ponds 81,82,110,104,103,102,100 & 101.
Water conditioning algaecide was used to treat algae along ponds 110 & 102.
Dye was applied in ponds 81,82,110,102 in order to limit light penetration and suppress growth.
Any accessible trash was removed from treated ponds.
There was a gator in pond 110 that was keeping to itself.
Progress on the newer ponds is going well! The water levels are looking better from recent rains and manually refill in 104.
Thank you for being a Solitude customer!
Prepared By
KYLE FOLLANSBEE

Work Order Assets			
Asset	Status	Product Work Type	
Rivers Edge III CDD Pond 106	Inspected		
Rivers Edge CDD III Pond 85	Inspected		
Rivers Edge CDD III Pond 84	Inspected		
Rivers Edge III CDD Pond 109	Inspected		
Rivers Edge CDD III Pond 87	Inspected		
Rivers Edge CDD III Pond 86	Inspected		
Rivers Edge CDD III Pond 81	Treated		
Rivers Edge CDD III Pond 80	Inspected		
Rivers Edge CDD III Pond 83	Inspected		
Rivers Edge CDD III Pond 82	Treated		
Rivers Edge III CDD Pond 97	Inspected		
Rivers Edge III CDD Pond 104	Treated		
Rivers Edge III CDD Pond 99	Inspected		
Rivers Edge III CDD Pond 98	Inspected		
Rivers Edge III CDD Pond 108 Rivers Edge CDD III Pond II Rivers Edge CDD III Pond FFF
Rivers Edge CDD III Pond QQ	Inspected Inspected Inspected
Inspected		

	Account	Rivers Edge III CDD		
Work Order	00977167	Contact	Kevin McKendree	
Work Order Number	00977167	Address	73 Shinnecock Drive Saint Johns, FL 32259 United States	
Created Date	6/4/2026			

Rivers Edge III CDD Pond 107	Inspected		
Rivers Edge CDD III Pond PP	Inspected		
Rivers Edge CDD III Pond CCC	Inspected		
Rivers Edge III CDD Pond 105	Inspected		
Rivers Edge CDD III Pond BBB	Inspected		
Rivers Edge CDD III Pond EEE	Inspected		
Rivers Edge CDD III Pond DDD	Inspected		
Rivers Edge III CDD Pond 101	Treated		
Rivers Edge III CDD Pond 100	Treated		
Rivers Edge III CDD Pond 103	Treated		
Rivers Edge III CDD Pond 102	Treated		
Rivers Edge CDD III Pond VV	Inspected		
Rivers Edge CDD III Pond RR	Inspected		
Rivers Edge CDD III Pond ZZ	Inspected		
Rivers Edge III CDD Pond 110	Treated		
Rivers Edge CDD III Pond YY	Inspected		
Rivers Edge CDD III Pond 93	Inspected		
Rivers Edge CDD III Pond 92	Inspected		
Rivers Edge CDD III Pond 95	Inspected		
Rivers Edge CDD III Pond 94	Inspected		
Rivers Edge CDD III Pond 89	Inspected		
Rivers Edge CDD III Pond 88	Inspected		
Rivers Edge CDD III Pond 91	Inspected		
Rivers Edge CDD III Pond 90	Inspected		
Rivers Edge CDD III Pond AAA	Inspected		
Rivers Edge CDD III Pond 96	Inspected		

Service Parameters			
Asset	Product Work Type	Specialist Comments to Customer	
Rivers Edge III CDD Pond 110	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 110	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 110 Rivers Edge III CDD Pond 110
Rivers Edge III CDD Pond 110	MONITORING
LAKE WEED CONTROL
ALGAE CONTROL		

	Account	Rivers Edge III CDD		
Work Order	00977167	Contact	Kevin McKendree	
Work Order Number	00977167	Address	73 Shinnecock Drive Saint Johns, FL 32259 United States	
Created Date	6/4/2026			

Rivers Edge III CDD Pond 109	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 109	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 109	MONITORING		
Rivers Edge III CDD Pond 109	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 109	ALGAE CONTROL		
Rivers Edge III CDD Pond 105	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 105	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 105	MONITORING		
Rivers Edge III CDD Pond 105	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 105	ALGAE CONTROL		
Rivers Edge III CDD Pond 107	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 107	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 107	MONITORING		
Rivers Edge III CDD Pond 107	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 107	ALGAE CONTROL		
Rivers Edge III CDD Pond 108	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 108	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 108	MONITORING		
Rivers Edge III CDD Pond 108	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 108	ALGAE CONTROL		
Rivers Edge III CDD Pond 106	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 106	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 106	MONITORING		
Rivers Edge III CDD Pond 106	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 106	ALGAE CONTROL		
Rivers Edge III CDD Pond 99	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 99	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 99	MONITORING		
Rivers Edge III CDD Pond 99	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 99	ALGAE CONTROL		
Rivers Edge III CDD Pond 98	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 98 Rivers Edge III CDD Pond 98
Rivers Edge III CDD Pond 98	SHORELINE WEED CONTROL MONITORING
LAKE WEED CONTROL		

	Account	Rivers Edge III CDD		
Work Order	00977167	Contact	Kevin McKendree	
Work Order Number	00977167	Address	73 Shinnecock Drive Saint Johns, FL 32259 United States	
Created Date	6/4/2026			

Rivers Edge III CDD Pond 98	ALGAE CONTROL		
Rivers Edge III CDD Pond 97	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 97	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 97	MONITORING		
Rivers Edge III CDD Pond 97	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 97	ALGAE CONTROL		
Rivers Edge III CDD Pond 104	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 104	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 104	MONITORING		
Rivers Edge III CDD Pond 104	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 104	ALGAE CONTROL		
Rivers Edge III CDD Pond 103	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 103	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 103	MONITORING		
Rivers Edge III CDD Pond 103	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 103	ALGAE CONTROL		
Rivers Edge III CDD Pond 102	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 102	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 102	MONITORING		
Rivers Edge III CDD Pond 102	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 102	ALGAE CONTROL		
Rivers Edge III CDD Pond 101	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 101	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 101	MONITORING		
Rivers Edge III CDD Pond 101	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 101	ALGAE CONTROL		
Rivers Edge III CDD Pond 100	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge III CDD Pond 100	SHORELINE WEED CONTROL		
Rivers Edge III CDD Pond 100	MONITORING		
Rivers Edge III CDD Pond 100	LAKE WEED CONTROL		
Rivers Edge III CDD Pond 100	ALGAE CONTROL		
Rivers Edge CDD III Pond ZZ Rivers Edge CDD III Pond ZZ
Rivers Edge CDD III Pond ZZ	TRASH / DEBRIS COLLECTION (IN HOUSE) SHORELINE WEED CONTROL
MONITORING		

	Account	Rivers Edge III CDD		
Work Order	00977167	Contact	Kevin McKendree	
Work Order Number	00977167	Address	73 Shinnecock Drive Saint Johns, FL 32259 United States	
Created Date	6/4/2026			

Rivers Edge CDD III Pond ZZ	LAKE WEED CONTROL		
Rivers Edge CDD III Pond ZZ	ALGAE CONTROL		
Rivers Edge CDD III Pond YY	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond YY	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond YY	MONITORING		
Rivers Edge CDD III Pond YY	LAKE WEED CONTROL		
Rivers Edge CDD III Pond YY	ALGAE CONTROL		
Rivers Edge CDD III Pond VV	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond VV	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond VV	MONITORING		
Rivers Edge CDD III Pond VV	LAKE WEED CONTROL		
Rivers Edge CDD III Pond VV	ALGAE CONTROL		
Rivers Edge CDD III Pond RR	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond RR	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond RR	MONITORING		
Rivers Edge CDD III Pond RR	LAKE WEED CONTROL		
Rivers Edge CDD III Pond RR	ALGAE CONTROL		
Rivers Edge CDD III Pond QQ	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond QQ	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond QQ	MONITORING		
Rivers Edge CDD III Pond QQ	LAKE WEED CONTROL		
Rivers Edge CDD III Pond QQ	ALGAE CONTROL		
Rivers Edge CDD III Pond PP	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond PP	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond PP	MONITORING		
Rivers Edge CDD III Pond PP	LAKE WEED CONTROL		
Rivers Edge CDD III Pond PP	ALGAE CONTROL		
Rivers Edge CDD III Pond II	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond II	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond II	MONITORING		
Rivers Edge CDD III Pond II	LAKE WEED CONTROL		
Rivers Edge CDD III Pond II Rivers Edge CDD III Pond FFF
Rivers Edge CDD III Pond FFF	ALGAE CONTROL
TRASH / DEBRIS COLLECTION (IN HOUSE)
SHORELINE WEED CONTROL		

	Account	Rivers Edge III CDD		
Work Order	00977167	Contact	Kevin McKendree	
Work Order Number	00977167	Address	73 Shinnecock Drive Saint Johns, FL 32259 United States	
Created Date	6/4/2026			

Rivers Edge CDD III Pond FFF	MONITORING		
Rivers Edge CDD III Pond FFF	LAKE WEED CONTROL		
Rivers Edge CDD III Pond FFF	ALGAE CONTROL		
Rivers Edge CDD III Pond EEE	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond EEE	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond EEE	MONITORING		
Rivers Edge CDD III Pond EEE	LAKE WEED CONTROL		
Rivers Edge CDD III Pond EEE	ALGAE CONTROL		
Rivers Edge CDD III Pond DDD	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond DDD	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond DDD	MONITORING		
Rivers Edge CDD III Pond DDD	LAKE WEED CONTROL		
Rivers Edge CDD III Pond DDD	ALGAE CONTROL		
Rivers Edge CDD III Pond CCC	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond CCC	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond CCC	MONITORING		
Rivers Edge CDD III Pond CCC	LAKE WEED CONTROL		
Rivers Edge CDD III Pond CCC	ALGAE CONTROL		
Rivers Edge CDD III Pond BBB	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond BBB	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond BBB	MONITORING		
Rivers Edge CDD III Pond BBB	LAKE WEED CONTROL		
Rivers Edge CDD III Pond BBB	ALGAE CONTROL		
Rivers Edge CDD III Pond AAA	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond AAA	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond AAA	MONITORING		
Rivers Edge CDD III Pond AAA	LAKE WEED CONTROL		
Rivers Edge CDD III Pond AAA	ALGAE CONTROL		
Rivers Edge CDD III Pond 96	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 96	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 96	MONITORING		
Rivers Edge CDD III Pond 96 Rivers Edge CDD III Pond 96
Rivers Edge CDD III Pond 95	LAKE WEED CONTROL ALGAE CONTROL
TRASH / DEBRIS COLLECTION (IN HOUSE)		

	Account	Rivers Edge III CDD		
Work Order	00977167	Contact	Kevin McKendree	
Work Order Number	00977167	Address	73 Shinnecock Drive Saint Johns, FL 32259 United States	
Created Date	6/4/2026			

Rivers Edge CDD III Pond 95	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 95	MONITORING		
Rivers Edge CDD III Pond 95	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 95	ALGAE CONTROL		
Rivers Edge CDD III Pond 94	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 94	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 94	MONITORING		
Rivers Edge CDD III Pond 94	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 94	ALGAE CONTROL		
Rivers Edge CDD III Pond 93	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 93	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 93	MONITORING		
Rivers Edge CDD III Pond 93	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 93	ALGAE CONTROL		
Rivers Edge CDD III Pond 92	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 92	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 92	MONITORING		
Rivers Edge CDD III Pond 92	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 92	ALGAE CONTROL		
Rivers Edge CDD III Pond 91	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 91	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 91	MONITORING		
Rivers Edge CDD III Pond 91	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 91	ALGAE CONTROL		
Rivers Edge CDD III Pond 90	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 90	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 90	MONITORING		
Rivers Edge CDD III Pond 90	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 90	ALGAE CONTROL		
Rivers Edge CDD III Pond 89	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 89	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 89 Rivers Edge CDD III Pond 89
Rivers Edge CDD III Pond 89	MONITORING
LAKE WEED CONTROL
ALGAE CONTROL		

	Account	Rivers Edge III CDD		
Work Order	00977167	Contact	Kevin McKendree	
Work Order Number	00977167	Address	73 Shinnecock Drive Saint Johns, FL 32259 United States	
Created Date	6/4/2026			

Rivers Edge CDD III Pond 88	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 88	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 88	MONITORING		
Rivers Edge CDD III Pond 88	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 88	ALGAE CONTROL		
Rivers Edge CDD III Pond 87	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 87	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 87	MONITORING		
Rivers Edge CDD III Pond 87	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 87	ALGAE CONTROL		
Rivers Edge CDD III Pond 86	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 86	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 86	MONITORING		
Rivers Edge CDD III Pond 86	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 86	ALGAE CONTROL		
Rivers Edge CDD III Pond 85	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 85	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 85	MONITORING		
Rivers Edge CDD III Pond 85	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 85	ALGAE CONTROL		
Rivers Edge CDD III Pond 84	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 84	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 84	MONITORING		
Rivers Edge CDD III Pond 84	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 84	ALGAE CONTROL		
Rivers Edge CDD III Pond 83	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 83	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 83	MONITORING		
Rivers Edge CDD III Pond 83	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 83	ALGAE CONTROL		
Rivers Edge CDD III Pond 82	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 82 Rivers Edge CDD III Pond 82
Rivers Edge CDD III Pond 82	SHORELINE WEED CONTROL MONITORING
LAKE WEED CONTROL		

	Account	Rivers Edge III CDD		
Work Order	00977167	Contact	Kevin McKendree	
Work Order Number	00977167	Address	73 Shinnecock Drive Saint Johns, FL 32259 United States	
Created Date	6/4/2026			

Rivers Edge CDD III Pond 82	ALGAE CONTROL		
Rivers Edge CDD III Pond 81	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 81	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 81	MONITORING		
Rivers Edge CDD III Pond 81	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 81	ALGAE CONTROL		
Rivers Edge CDD III Pond 80	TRASH / DEBRIS COLLECTION (IN HOUSE)		
Rivers Edge CDD III Pond 80	SHORELINE WEED CONTROL		
Rivers Edge CDD III Pond 80	MONITORING		
Rivers Edge CDD III Pond 80	LAKE WEED CONTROL		
Rivers Edge CDD III Pond 80	ALGAE CONTROL		
Rivers Edge CDD III Pond 96			
Rivers Edge CDD III Pond AAA			
Rivers Edge CDD III Pond 90			
Rivers Edge CDD III Pond 91			
Rivers Edge CDD III Pond 88			
Rivers Edge CDD III Pond 89			
Rivers Edge CDD III Pond 94			
Rivers Edge CDD III Pond 95			
Rivers Edge CDD III Pond 92			
Rivers Edge CDD III Pond 93			
Rivers Edge CDD III Pond YY			
Rivers Edge III CDD Pond 110			
Rivers Edge CDD III Pond ZZ			
Rivers Edge CDD III Pond RR			
Rivers Edge CDD III Pond VV			
Rivers Edge III CDD Pond 102			
Rivers Edge III CDD Pond 103			
Rivers Edge III CDD Pond 100			
Rivers Edge III CDD Pond 101			
Rivers Edge CDD III Pond DDD			
Rivers Edge CDD III Pond EEE Rivers Edge CDD III Pond BBB
Rivers Edge III CDD Pond 105			

	Account	Rivers Edge III CDD		
Work Order	00977167	Contact	Kevin McKendree	
Work Order Number	00977167	Address	73 Shinnecock Drive Saint Johns, FL 32259 United States	
Created Date	6/4/2026			

Rivers Edge CDD III Pond CCC			
Rivers Edge CDD III Pond PP			
Rivers Edge III CDD Pond 107			
Rivers Edge CDD III Pond QQ			
Rivers Edge CDD III Pond FFF			
Rivers Edge CDD III Pond II			
Rivers Edge III CDD Pond 108			
Rivers Edge III CDD Pond 98			
Rivers Edge III CDD Pond 99			
Rivers Edge III CDD Pond 104			
Rivers Edge III CDD Pond 97			
Rivers Edge CDD III Pond 82			
Rivers Edge CDD III Pond 83			
Rivers Edge CDD III Pond 80			
Rivers Edge CDD III Pond 81			
Rivers Edge CDD III Pond 86			
Rivers Edge CDD III Pond 87			
Rivers Edge III CDD Pond 109			
Rivers Edge CDD III Pond 84			
Rivers Edge CDD III Pond 85			
Rivers Edge III CDD Pond 106			
ST JOHNS COUNTYSHERIFF'S OFFICE
StatisticSheet
Rivertown COD Corbin deNagy GMS Services LLC
475 W. Town Place, Suite 114 Saint Augustine, FL 32092

I

ACTIVITY/ COMMENTS:

					

NAME/ ID:	# 10727				
DATE	CAD#	TIMEIN	TIMEOUT	TOTAL HOURS	
	SJS026CAD108179			6	

					

					
ACTIVITY/ COMMENTS:

NAME/ ID:	#11210				
DATE	CAD#	TIMEIN	TIMEOUT	TOTAL HOURS	
	SJS026CAD124669			6	

					

					
ACTIVITY/ COMMENTS:

FIFTH ORDER OF BUSINESS

Groves Park Playground Equipment
Proposal:

	1.	Is the cost for this work intended to be shared?

	•	Yes (Please proceed to question 2)

	•	No, the entire cost will be paid by: [Choose One]
(Please leave remainder of form blank)

	1.	If yes, please check one of the following:

	•	This work was reviewed by the engineer and methodology consultant and jointly they have determined the costs are “Shared Costs”, as defined in the Interlocal Agreement, and such Shared Costs are budgeted expenses in the current fiscal year budget.

	•	This work is for a new or supplemental area, service, or improvement that was not previously budgeted as Shared Costs and/or were not budgeted items for the current fiscal year and require immediate funding. (Please attach the Cost-Share Request Form).

[End of Cover Sheet]

COST SHARE REQUEST

This cost share request (the “Request”) shall be subject to and governed by the terms of that certain
Tri-Party Interlocal and Cost Share Agreement Regarding Shared Improvement Operation and Maintenance Services and Providing for the Joint Use of Amenity Facilities, dated November 1, 2019, as may be amended from time to time (“Interlocal Agreement”).

Requesting Party: Rivers Edge CDD

Request:	■ Supplemental maintenance services for existing Improvements (i.e. enhancement of existing improvement areas). (Methodology Consultant must sign. Please attach party signature page.)
 Addition of new improvements (Methodology Consultant and Engineer must sign)
Please identify the scope of supplemental services or describe the additional improvements requested to be added. Attach service maps that clearly identify new or enhanced maintenance areas. Attach additional sheets if necessary:

 Replacement of playground equipment at the Groves PlayPark	

Total Proposed
71,488.57
Compensation:	$	

Cost Share
25,378.44
Calculation:	$	Rivers Edge
$	21,074.83
$	25,035.30
Rivers Edge II Rivers Edge III

Methodology
Consultant Approval:		 (Signature)
2026-05-26

(Date)
If requesting addition of new improvements:
Engineer
Approval:		 (Signature)

(Date)
[Please attach this page for supplemental maintenance services for existing Improvements]

The undersigned Parties hereby the aforementioned	supplemental Interlocal Agreement.
consent to the Request as specified herein, and agree that maintenance services shall be subject to and governed by the

RIVERS EDGE COMMUNITY DEVELOPMENT DISTRICT

By: 	
X Chair  Vice-Chair, Board of Supervisors

Date: 2026-05-26	

RIVERS EDGE II COMMUNITY DEVELOPMENT DISTRICT

By:
DJ Smith

X Chair  Vice-Chair, Board of Supervisors

Date:  2026-05-22	

RIVERS EDGE III CDD

By:
DJ Smith

X Chair  Vice-Chair, Board of Supervisors

Date:
2026-05-22

Sales Proposal
Page 1 of 3
Quote No.	SP169208-1
Vesta Property Services
Customer No.	C016921
Kevin McKendree
Document Date
05/18/2026
245 Riverside Ave., Suite 250
Jacksonville, FL 32202
Expiration Date	07/17/2026

Sales Representative Email
Stacy Moseley StaMos@Kompan.com
Phone No.	904-716-7605 / 800-426-9788

Project Name	US346430 RiverTown: The Groves

No.	Description	Qty Unit	Unit Price	Discount %	Net Price	
	TRAIL OPTION 2					
KSW924-CUSTOM	2 Bay swing - 2 infant, 2 belt	1 Pieces	6,190.00	15.00	5,261.50	
	In-ground 90cm 20453315					

CRP250901-CUSTOM	Roloway Trail	1 Pieces	24,470.00	15.00	20,799.50	
	In-ground 20448824					

INSTALL SPECIAL	

Installation of KOMPAN Equipment includes removal/spread of spoils onsite	

1 Pieces	

32,500.00	

5.00	

30,875.00	
FREIGHT	Freight	1 Pieces	4,503.95		4,503.95	

US-BLOWN IN - TOP OFF	
Blown in EWF Top off 8"	
125 Cubic Yard	
84.62	
5.00	
10,048.62	
	
Please read attached General Assumptions and					
	Exclusion document for information on					
	Install/Sitework.					
	Excludes sitework, products, & services not listed.					
	Assumes site to be accessible & install ready.					
	Please allow 10-12 weeks for product delivery upon order placement.					
	Equipment is as per The Grove Trail Site Plan version K1.0-2 - dated 02/24/26					
	Description	Qty	Retail Price	Discount	Net Price	
Sales Proposal
Page 2 of 3
Quote No.	SP169208-1
Vesta Property Services
Customer No.	C016921
Kevin McKendree
Document Date
05/18/2026
245 Riverside Ave., Suite 250
Jacksonville, FL 32202
Expiration Date	07/17/2026

Sales Representative Email
Stacy Moseley StaMos@Kompan.com
Phone No.	904-716-7605 / 800-426-9788

Project Name	US346430 RiverTown: The Groves

No. of Products	2
Subtotal - Products
30,660.00
4,599.00
26,061.00
Subtotal - Surfacing Subtotal - Installation Subtotal - Freight
10,577.50	528.88
32,500.00	1,625.00
4,503.95
10,048.62
30,875.00
4,503.95

Total USD	71,488.57

Payment Terms	50% Prepayment , 50% Net 30 days

Installation Site Address
The Groves at RiverTown 55 Ashlar Dr
Saint Johns, FL 32259
Sales Proposal
Page 3 of 3
Quote No.	SP169208-1
Vesta Property Services
Customer No.	C016921
Kevin McKendree
Document Date
05/18/2026
245 Riverside Ave., Suite 250
Jacksonville, FL 32202
Expiration Date	07/17/2026

Sales Representative Email
Stacy Moseley StaMos@Kompan.com
Phone No.	904-716-7605 / 800-426-9788

Project Name	US346430 RiverTown: The Groves

Note that the color and texture of products and surfacing made with recycled content are subjected by the differences from the used recycled raw materials. Therefore, minor differences in the appearance and texture can occur.
Applicable sales tax will be added unless a valid tax exemption certificate is provided. This amount is only an estimate of your tax liability. Your acceptance of this proposal constitutes a valid order request and includes acceptance of terms and conditions contained within this Master Agreement, which is hereby acknowledged.
Acceptance of this proposal from KOMPAN is acknowledged by issuance of an order confirmation by an authorized KOMPAN representative. Prices in this quotation are good until expiration date, shown in the top of this document. After that date, this proposal may be withdrawn. Prevailing Wage and Payment & Performance Bonds are not included unless stated in body of Sales Proposal. If Payment & Performance Bonds are needed, add 2.2% of the entire sales proposal.

This information required for order placement:

Accepted By (Please Print): 	

Accepted By (Title): 	

Accepted By (signature): 	

Date: 	

Date Equipment needed on site: 	

Bill To: 		Ship To: 	

Address: 		Address: 	

City, State, Zip: 		City, State, Zip: 	

Contact: 		Contact: 	

Contact Email: 		Contact Email: 	

Contact Phone (Office): 		Contact Phone (Office): 	

Contact Phone (Cell): 	

SALES TAX EXEMPTION CERTIFICATE #: 	
(PLEASE PROVIDE A COPY OF CERTIFICATE)
Docusign Envelope ID: 885098BF-7166-84C8-8089-48C4A64E76D6

\•

..
Docusign Envelope ID: 885098BF-7166-84C8-80B9-48C4A64E76D6
Docusign Envelope ID: 885098BF-7166-84C8-80B9-48C4A64E76D6

A1

EXISTING KOMPAN
PRODUCTS

B1

DUE TO THE PRESENCE OF THIRD PARTY OR EXISTING PLAY EQUIPMENT, ADA COMPLIANCE SHALL BE THE RESPONSIBILITY OF THE SITE OWNER / OPERATOR.

SURFACING TBD AREA: 3346 SF

PERIMETER: 219 LF
THE GROVES OPTION 2
55 Ashlar Dr.
Saint Johns, FL
0	10	20

1"=10'-0" ON 11" x 17" SHEET MANUFACTURER'S SHOP DRAWING:
FOR USE BY CONTRACTOR, ENGINEER, OR DESIGN PROFESSIONAL OF RECORD. SEE SIGNED SALES PROPOSAL FOR COMPLETE SCOPE TO BE PROVIDED BY KOMPAN OR REPRESENTING AGENCY. CONFIRM FINAL PLAN AND SCOPE WITH KOMPAN SALES REP OR PROJECT MANAGER PRIOR TO USE FOR REVIEW, PERMITTING, OR CONSTRUCTION.
TO BE READ CONTINGENTLY WITH KOMPAN'S STANDARDS FOR SITE PREPARATION, MATERIALS AND INSTALLATION PROCESSES; PROVIDED AFTER EQUIPMENT PURCHASE. A COMPLIANT PLAYGROUND TO KOMPAN'S STANDARDS MUST SATISFY ALL REQUIREMENTS IN THE CODE OF CONDUCT.
SLAB BY OTHERS UNLESS OTHERWISE NOTED. FOR SURFACE MOUNT OPTIONS, THE CONCRETE REQUIREMENTS MAY BE UP TO 5½" OF 3,500 PSI MINIMUM COMPRESSIVE STRENGTH. CONTACT

SALES REPRESENTATIVE
Stacey Moseley
REVIEW BY DRAWN BY	DATE
DESIGN  JadAnd  260224
REV. NO.	REV. BY  REV. DATE

SHEET
K1.0-2
REVISION NOTES
Site Plan - Ages 2-5 & 5-12
KOMPAN FOR SPECIFIC PRODUCT REQUIREMENTS. ALL COMPOSITE STRUCTURES SHOWN REQUIRE A SITE GRADE OF 2% MAXIMUM, 1% OPTIMAL. SPECIFICATIONS FOR EACH KOMPAN STRUCTURE MAY BE FOUND AT KOMPAN.COM/KOMPANMASTER
DIMENSIONS OF PLAY AREA, SIZE AND ORIENTATION, LOCATIONS OF ALL EXISTING UTILITIES, EQUIPMENT AND SITE FURNISHINGS TO BE FIELD VERIFIED PRIOR TO CONSTRUCTION.
PREPARED AND PRINTED IN USA BY KOMPAN © 2026 KOMPAN, INC. AUSTIN, TX. USA 800-426-9788
-	-	-	-

LAYOUT IS IN ACCORDANCE WITH ASTM F1487

SIXTH ORDER OF BUSINESS

SEVENTH ORDER OF BUSINESS

Rivers Edge III

Community Development District

Approved Budget
FY 2027

Presented by:
Table of Contents

1-2

3-7

8-9

10-11

12-13

14
	General Fund

	Narratives

	Debt Service Fund Series 2021

	Debt Service Fund Series 2024

	Debt Service Fund Series 2025

	Capital Reserve Fund

15		Assessment Schedule

REVENUES:						
Special Assessments - Tax Roll	$	1,101,765	$	1,152,554	$	8,038	$	1,160,592	$	1,415,923	
Special Assessments - Direct Bill	-	663,736	-	663,736	663,736	
Administrative Assessments on Unplatted Land	74,495	-	74,495	74,495	-	
Developer Contributions	1,666,333	-	1,101,105	1,101,105	1,040,048	
Cost Share Landscaping Rivers Edge II	186,679	108,896	77,783	186,679	74,126	
Special Events	1,000	-	1,000	1,000	1,000	
Interest Revenue	2,000	7,767	3,500	11,267	2,000	
Miscellaneous Income	500	102	398	500	500	
Insurance Proceeds	-	2,380	-	2,380	-	
TOTAL REVENUES	$ 3,032,773	$ 1,935,435	$ 1,266,319	$ 3,201,754	$ 3,197,332	

EXPENDITURES:						
Administrative						
District Engineer	$	15,000	$	10,564	$	4,436	$	15,000	$	20,000	
District Counsel	30,000	18,375	11,625	30,000	35,000	
District Management	33,034	19,270	13,764	33,034	35,000	
Assessment Roll Administration	5,899	5,899	-	5,899	6,250	
Dissemination Agent	4,129	2,600	1,529	4,129	4,500	
Information Technology	1,416	826	590	1,416	1,500	
Website Administration	2,124	1,239	885	2,124	2,250	
Website Maintenance	800	800	-	800	800	
Annual Audit	6,800	6,800	-	6,800	6,900	
Trustee Fees	6,600	5,150	3,750	8,900	8,900	
Arbitrage Rebate	600	450	600	1,050	1,500	
Telephone	150	23	127	150	150	
Postage & Delivery	500	646	425	1,071	1,000	
Printing & Binding	1,000	162	838	1,000	1,000	
Insurance General Liability	6,932	6,530	-	6,530	7,183	
Legal Advertising	2,000	208	1,792	2,000	2,000	
Other Current Charges	1,750	135	1,615	1,750	1,750	
Office Supplies	50	3	47	50	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	118,958	$	79,855	$	42,023	$	121,878	$	135,908	

Operations & Maintenance						
Grounds Maintenance						
Field Operations Management (Vesta)	$	41,230	$	24,051	$	17,179	$	41,230	$	43,294	
Landscape Maintenance	869,028	558,552	490,113	1,048,665	1,021,317	
Landscape Maintenance New Units	85,000	-	85,000	85,000	85,000	
Landscape Contingency	100,000	62,723	37,277	100,000	100,000	
Irrigation Repairs and Maintenance	65,000	30,724	30,000	60,724	65,000	
Lake Maintenance	40,360	18,207	22,153	40,360	40,360	
Irrigation Water Use	243,090	99,951	143,140	243,090	243,307	
Electric	51,500	3,033	4,500	7,533	7,046	
Street Lighting	10,000	-	10,000	10,000	10,000	
Street and Drainage Maintenance	3,000	-	3,000	3,000	3,000	
Other Repair & Replacements	10,000	9,500	500	10,000	10,000	
TOTAL GROUNDS MAINTENANCE	$ 1,518,207	$	806,740	$	842,862	$ 1,649,603	$ 1,628,323	

Amenity Center						
Cost Share Amenity - Rivers Edge	$	109,345	$	63,785	$	45,561	$	109,345	$	79,995	
General Manager (Vesta)	48,911	29,557	19,354	48,911	51,354	
Amenity Manager (Vesta)	53,680	31,313	22,367	53,680	56,588	
Maintenance Service (Vesta)	109,264	63,737	45,527	109,264	115,761	
Lifestyle Director (Vesta)	45,426	26,499	18,928	45,426	47,792	
Lifeguards (Vesta)	58,043	7,538	50,505	58,043	62,078	
Guest Services (Vesta)	66,861	39,002	27,859	66,861	71,511	
Janitorial (Vesta)	34,833	20,319	14,514	34,833	36,904	
Security Monitoring	1,800	1,110	690	1,800	1,800	
Security Guards	25,000	-	-	-	-	
Internet & Cable	17,000	7,682	9,318	17,000	15,600	
Insurance	87,147	80,103	-	80,103	75,792	
Fitness Equipment Lease	68,896	40,189	28,707	68,896	68,896	
Window Cleaning	1,500	-	1,500	1,500	1,500	
Pressure Washing	5,000	430	4,570	5,000	5,000	
Pool Chemicals	20,000	13,519	6,481	20,000	40,000	
Natural Gas	500	690	550	1,240	1,320	
Electric	20,000	29,960	30,000	59,960	57,000	
Water & Sewer	17,000	10,932	12,000	22,932	25,111	
Amenity Repairs and Replacement	35,000	26,082	30,000	56,082	50,000	
Refuse	15,000	10,497	9,000	19,497	19,200	
Pest Control	3,600	1,270	2,330	3,600	3,600	
Fire Alarm System and Maintenance	2,000	-	2,000	2,000	2,000	
Access Cards	1,000	-	1,000	1,000	1,000	
License & Permits	1,800	751	1,049	1,800	1,800	
Special Events	30,000	1,975	28,025	30,000	30,000	
Holiday Decorations	10,000	-	10,000	10,000	10,000	
Office Supplies & Postage	1,500	-	1,500	1,500	1,500	
Capital Expenditures	5,500	-	-	-	-	
TOTAL AMENITY CENTER	$	895,607	$	506,941	$	423,333	$	930,274	$	933,101	

Reserves						
General Reserves Funding	$	500,000	$	-	$	500,000	$	500,000	$	500,000	
TOTAL RESERVES	$	500,000	$	-	$	500,000	$	500,000	$	500,000	
						
TOTAL EXPENDITURES	$ 3,032,773	$ 1,393,536	$ 1,808,218	$ 3,201,754	$ 3,197,332	

Other Sources/(Uses)						
Interlocal Transfer In/(Out)	$	-	$	50,000	$	-	$	50,000	$	-	
		(50,000)	-	(50,000)		
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
EXCESS REVENUES (EXPENDITURES)	$	-	$	541,899	$  (541,899)	$	-	$	-	

Special Assessments - Tax Roll
The District will levy a non-ad valorem special assessment on all taxable property within the District to fund a portion of the General Operating Expenditures for the fiscal year. These are collected on the St. Johns County Tax Roll for platted lands. Unplatted lands are direct billed to the landowner.
Administrative Assessments on Unplatted Land
The District will levy a non-ad valorem special assessment on unplatted land within the District, allocated based on the percentage of such undeveloped units planned relative to the budgeted General Administrative costs of the District.
Developer Contributions
The District will enter into a Funding Agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Cost Share Landscaping Rivers Edge II
Mattamy Rivertown LLC and Rivers Edge CDD III have an agreement to cost share a portion of the maintenance costs for landscaping. Cost share is based on future development and estimated costs.

Special Events
Income received from residents for rental of clubroom or patio and special events deposits.
Interest Income
The District earns interest on the monthly average collected balance for each of their investment accounts.
Miscellaneous Income
Income received from access cards, rental fees, miscellaneous deposits, insurance claims, and recreational program revenue.

District Engineer
The District's engineer, Prime AE Group, will provide general engineering services to the District, i.e., attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
District Counsel
The District's Attorney, Kilinski Van Wyk, PLLC, will provide general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research as directed by the Board of Supervisors and the District Manager.
District Management
The District receives Management, Accounting, and Administrative services as part of a Management Agreement with Governmental Management Services, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.
Assessment Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector, and financial advisory services.
Dissemination Agent
The District is required by the Securities and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.
Vendor
GMS
Description
Dissemination Agent
Monthly	Annual
$	333 $	4,000
Disclosure Services Revised Amortization Schedules		500 
Total	$	4,500
Information Technology
Represents costs related to the District's information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.
Website Maintenance
Represents the costs associated with monitoring and maintaining the District's website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc.
Annual Audit
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The District has contracted with Grau & Associates to conduct this annual audit, with the budgeted amount representing the estimated cost.
Trustee Fees
The District's bonds will be held and administered by a Trustee. This represents the Trustee's annual fee.
Arbitrage Rebate
The District is required to annually have an arbitrage rebate calculation performed on the District's Series 2021, 2024, and 2025 Special Assessment Improvement Revenue Bonds. The District has contracted with Grau and Associates for Series 2021. American Municipal Tax-Exempt Compliance Corp. (AMTEC) serves as the District's tax compliance agent for Series 2024 and 2025, calculating the rebate liability and submitting a report to the District.
Telephone
Internet and Wi-Fi service for the office.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.

Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges, BOS email annual subscriptions, and any other miscellaneous expenses incurred during the year.

Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.

Field Operations Management
The District has contracted with Vesta Property Services, Inc. to provide field operations management to oversee all day-to-day operations of the District's assets, common grounds, and service providers.
Vendor	Description	Monthly	Annual

Landscape Maintenance
Vesta	Field OP Management
$	3,608  $
43,294
The District has contracted with Yellowstone to maintain the common areas of the District and Amenity Center.
Vendor	Description	Monthly	Annual

Landscape Contingency
Yellowstone	Landscape Maintenance
$	85,110
$ 1,021,317
A provision for additional landscape features or for repair of existing landscaping.
Irrigation Repair & Replacement
The cost of miscellaneous irrigation repairs and maintenance incurred.
Lake Maintenance
The District receives lake maintenance services from Solitude Lake Management, LLC.
Vendor	Description	Monthly	Annual
Solitude Lake Mngt Lake Maintenance
$	2,530  $
30,360
Contingency or New Units	10,000
Total

$  40,360

Irrigation Water Use
The estimated costs of water and reuse water provided by JEA for irrigation and maintenance of the District's common grounds.
Location	Meter	Monthly	Annual	
123 Grand Bridge Dr Apt IR01	81842960	$	3,036	$	36,432	
1729 Rivertown Main St Apt IR01	98879626	568	6,812	
175 Palomar Dr Apt IR01	101257906	1,241	14,886	
193 Albright Ct Apt IR01	95047215	290	3,482	
21 Grand Verde Dr Apt IR01	94648252	1,514	18,168	
2567 Rivertown Main St Apt IR01	8193163	314	3,766	
300 Dahlia Falls Dr	89882808	451	5,416	
3059 Rivertown Main St Apt IR01	8193156	5,821	69,858	
40 Sydney Cv	81840820	439	5,269	
438 Meadow Creek Dr	89241610	249	2,985	
147 Grand Lakes Dr Apt IR01	100703747	1,852	22,221	
361 Claiborne La Apt IR01	98537574	1,475	17,694	
377 Holly Creek Dr Apt IR01	514092938	290	3,484	
57 Orangedale Cr Apt IR01	100691730	877	10,524	
685 Claiborne La Apt IR01	94504957	572	6,867	
149 Saddlebunch Ct Apt IR01	89241658	299	3,591	
158 Adirondack Dr Apt IR01	100691731	297	3,566	
475 Adirondack Dr Apt IR01	101141078	524	6,288	
Contingency			2,000	
	Total	$	20,109	$ 243,307	

Electric
The estimated costs of electric service provided by FPL for the District's irrigation pumps and lift stations located throughout the community.
Location	Meter	Monthly	Annual	
435 Meadow Creek Dr #IRR	9443314324	$	37	$	443	
213 Wambaw Dr # LF Sta	358405579	55	662	
3332 Rivertown Main St #IRR	4550426110	32	387	
3614 Rivertown Main St #IRR	1843716117	32	386	
153 Grand Lakes Dr #IRR	6356546405	37	442	
63 Orangedale Cir #IRR	4192721290	37	442	
4286 Rivertown Main St #IRR	954602108	36	437	
3604 State Road 13 N	8252554343	212	2,539	
469 Adirondack Dr #IRR	8496240220	26	308	
Contingency			1,000	
	Total	$	504	$	7,046	
Streetlighting
The estimated costs for electric billed to the District by FPL.				
Street and Drainage Maintenance
The estimated costs for street and drainage repairs.				
Other Repairs and Maintenance
Estimated costs for other repairs and maintenance incurred by the District.				
Expenditures – Amenity Center				

Cost Share - Amenity Rivers Edge
Shared costs with Rivers Edge CDD for amenities. Cost share is based on future development and estimated costs.
General Manager
The District has contracted with Vesta Property Services, Inc. to provide general amenity management, facility administration, and special event coordinator services.
Amenity Manager
The District has contracted with Vesta Property Services to provide management services for the Amenity Center.
Maintenance Services
The District has contracted with Vesta Property Services, Inc. to provide maintenance and repairs necessary for upkeep of the Amenity Center and common grounds area.
Lifestyle Director
The District has contracted with Vesta Property Services, Inc. to provide planning, implementation, and supervision of the day-to-day social and recreational group activities and entertainment for the residents living in the community.
Lifeguards
The District has contracted with Vesta Property Services, Inc. to provide pool lifeguards and/or pool attendants during the operating season for the pool.

Guest Services
The District has contracted with Vesta to provide community facility staff for the Amenity Center to greet patrons, provide facility tours, issue access cards, and enforce policy.
Janitorial Services
The District has contracted with Vesta Property Services, Inc. to provide janitorial services for the Amenity Center.
Vendor	Description	Monthly	Annual

Security Monitoring
Vesta	Janitorial Services
$	3,075  $
36,904
Maintenance costs and quarterly monitoring of the security alarms/cameras provided by Dynamic Security.
Internet & Cable
The estimated cost for internet and cable services provided by Comcast Business for two District facilities: the Amenity Center at 110 Grand Verde Dr and the River Lodge at 100 Grand Verde Dr.
Vendor	Description	Location	Monthly	Annual	
Comcast	Internet & Cable	Amenity Center	$	500	$	6,000	
Comcast	Internet & Cable	River Lodge	800	9,600	
		Total	$	1,300	$	15,600	
Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). The amount is based upon the estimated premium for property insurance related to the Amenity Center and other District facilities.

Fitness Equipment Lease
The District has contracted with Macrolease to rent fitness equipment.
Vendor	Description	Monthly	Annual

Window Cleaning
Macrolease	Fitness Equipment Lease
$	5,741  $
68,896
The estimated cost to have windows cleaned inside and outside three times a year.

Pressure Washing
The estimated costs to have the District's Amenity Center pressure washed.

Pool Chemicals
The estimated costs for providing chemicals for the Amenity Center swimming pools.
Natural Gas
The District is under contract with TECO Peoples Gas and Florida Natural Gas to provide gas for the fireplace and gas grills.
Vendor	Description	Monthly	Annual
Teco	Gas
$	90  $
1,080

Electric
Florida Natural Gas Gas		20	240 
Total	$	110 $	1,320
The estimated costs for electricity billed to the District by the electric company.
Location	Meter	Monthly	Annual
2308 Rivertown Main St	9915753587	$
5,154  $
61,842

Water & Sewer
Contingency		1,000 
Total	$	5,154 $	62,842
Estimated costs for sewer, water, and irrigation for the Amenity Center billed to the District by JEA.
Location	Meter	Monthly	Annual	
1849 Rivertown Main St	91681728	$	33	$	400	
2308 Rivertown Main St - Water	94648253	108	1,293	
2308 Rivertown Main St	Fire Sprinkler 1	51	612	
2308 Rivertown Main St - Water	94648265	1,315	15,777	
2308 Rivertown Main St - Sewer	94648253	336	4,028	
Contingency		3,000 				
Total	$	1,843	25,111		
Amenity Repair and Replacements
Represents regular cleaning, supplies, and repairs and replacements for the District's Amenity Center.

Refuse
Garbage disposal services for the Amenity Center provided by Republic Services, including one 8-cubic-yard waste container with two pickups per week.
Vendor	Description	Monthly	Annual

Pest Control
Republic Services  Refuse
$	1,600  $
19,200
The District has contracted with Turner's Pest Control to provide pest control services.
Fire Alarm System and Maintenance
The estimated costs of fire alarm systems and maintenance.
Access Cards
Represents the estimated cost for access cards to the District's Amenity Center.
Licenses & Permits
Represents license fees for the Amenity Center and permit fees paid to the Florida Department of Health in St. Johns County for the swimming pools.
Special Events
Represents estimated costs for the District to host special events for the community throughout the fiscal year.
Holiday Decorations
Represents estimated costs for the District to decorate the Amenity Center for the holidays.
Office Supplies/Postage
Costs of supplies and postage incurred for the operation of the Amenity Center.
General Reserve
The District funds a capital reserve dedicated to future renewal, replacement, and unanticipated capital needs. These funds are transferred to the Capital Reserve Fund to support long-term financial stability and the ongoing upkeep of District infrastructure and facilities.
Approved Budget
Debt Service Series 2021 Capital Improvement Revenue Bonds

REVENUES:

Special Assessments - Tax Roll	$	552,665	$	546,768	$	3,813	$	550,581	$	552,665	
Interest Income	10,000	15,681	3,000	18,681	10,000	
Carry Forward Surplus (1)	255,152	265,927	-	265,927	276,834	
TOTAL REVENUES	$	817,817	$	828,376	$	6,813	$	835,189	$	839,499		

EXPENDITURES:						
Interest - 11/1	$	164,178	$	164,178	$	-	$	164,178	$	161,438	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	164,178	-	164,178	164,178	161,438	
Principal - 5/1	220,000	-	220,000	220,000	225,000	
Principal Prepayment - 5/1	-	-	5,000	5,000	-	
TOTAL EXPENDITURES	$	548,355	$	169,178	$	389,178	$	558,355	$	547,875	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	548,355	$	169,178	$	389,178	$	558,355	$	547,875	
						
EXCESS REVENUES (EXPENDITURES)	$	269,462	$	659,199	$  (382,364)	$	276,834	$	291,624	

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/27
 $	158,063 
AMORTIZATION SCHEDULE
Debt Service Series 2021 Capital Improvement Revenue Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service			
								
11/01/26	8,755,000	3.000%	225,000	161,438				
05/01/27	8,530,000	3.000%	-	158,063	544,500			
11/01/27	8,530,000	3.000%	230,000	158,063				
05/01/28	8,300,000	3.000%	-	154,613	542,675			
11/01/28	8,300,000	3.000%	240,000	154,613				
05/01/29	8,060,000	3.000%	-	151,013	545,625			
11/01/29	8,060,000	3.000%	245,000	151,013				
05/01/30	7,815,000	3.000%	-	147,338	543,350			
11/01/30	7,815,000	3.000%	255,000	147,338				
05/01/31	7,560,000	3.000%	-	143,513	545,850			
11/01/31	7,560,000	3.500%	260,000	143,513				
05/01/32	7,300,000	3.500%	-	138,963	542,475			
11/01/32	7,300,000	3.500%	270,000	138,963				
05/01/33	7,030,000	3.500%	-	134,238	543,200			
11/01/33	7,030,000	3.500%	280,000	134,238				
05/01/34	6,750,000	3.500%	-	129,338	543,575			
11/01/34	6,750,000	3.500%	290,000	129,338				
05/01/35	6,460,000	3.500%	-	124,263	543,600			
11/01/35	6,460,000	3.500%	300,000	124,263				
05/01/36	6,160,000	3.500%	-	119,013	543,275			
11/01/36	6,160,000	3.500%	310,000	119,013				
05/01/37	5,850,000	3.500%	-	113,588	542,600			
11/01/37	5,850,000	3.500%	325,000	113,588				
05/01/38	5,525,000	3.500%	-	107,900	546,488			
11/01/38	5,525,000	3.500%	335,000	107,900				
05/01/39	5,190,000	3.500%	-	102,038	544,938			
11/01/39	5,190,000	3.500%	345,000	102,038				
05/01/40	4,845,000	3.500%	-	96,000	543,038			
11/01/40	4,845,000	3.500%	360,000	96,000				
05/01/41	4,485,000	3.500%	-	89,700	545,700			
11/01/41	4,485,000	4.000%	370,000	89,700				
05/01/42	4,115,000	4.000%	-	82,300	542,000			
11/01/42	4,115,000	4.000%	385,000	82,300				
05/01/43	3,730,000	4.000%	-	74,600	541,900			
11/01/43	3,730,000	4.000%	405,000	74,600				
05/01/44	3,325,000	4.000%	-	66,500	546,100			
11/01/44	3,325,000	4.000%	420,000	66,500				
05/01/45	2,905,000	4.000%	-	58,100	544,600			
11/01/45	2,905,000	4.000%	435,000	58,100				
05/01/46	2,470,000	4.000%	-	49,400	542,500			
11/01/46	2,470,000	4.000%	455,000	49,400				
05/01/47	2,015,000	4.000%	-	40,300	544,700			
11/01/47	2,015,000	4.000%	475,000	40,300				
05/01/48	1,540,000	4.000%	-	30,800	546,100			
11/01/48	1,540,000	4.000%	495,000	30,800				
05/01/49	1,045,000	4.000%	-	20,900	546,700			
11/01/49	1,045,000	4.000%	510,000	20,900				
05/01/50	535,000	4.000%	-	10,700	541,600			
11/01/50	535,000	4.000%	535,000	10,700				
05/01/51	-	4.000%	-	-	545,700			
Total			$	8,755,000	$	4,847,788	$  13,602,788	
Approved Budget
Debt Service Series 2024 Capital Improvement Revenue Bonds

REVENUES:

Special Assessments - Tax Roll	$	67,018	$	62,021	$	4,997	$	67,018	$	62,454	
Special Assessments - Direct Bill	628,501	628,501	-	628,501	628,501	
Prepayments	-	36,465	-	36,465	-	
Interest Income	10,000	13,773	3,000	16,773	10,000	
Carry Forward Surplus (1)	334,797	344,541	-	344,541	389,600	
TOTAL REVENUES	$ 1,040,316	$ 1,085,300	$	7,997	$  1,093,297	$ 1,090,554	

EXPENDITURES:						
Interest - 11/1	$	281,849	$	281,849	$	-	$	281,849	$	278,431	
Principal Prepayment - 11/1	-	5,000	-	5,000	-	
Interest - 5/1	281,849	-	281,849	281,849	278,431	
Principal - 5/1	130,000	-	130,000	130,000	140,000	
Principal Prepayment - 5/1	-	-	5,000	5,000	-	
TOTAL EXPENDITURES	$	693,698	$	286,849	$	416,849	$	703,698	$	696,863	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	693,698	$	286,849	$	416,849	$	703,698	$	696,863	
						
EXCESS REVENUES (EXPENDITURES)	$	346,619	$	798,452	$  (408,852)	$	389,600	$	393,692	

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/27
 $	275,071 
AMORTIZATION SCHEDULE
Debt Service Series 2024 Capital Improvement Revenue Bonds

11/01/26	9,675,000	4.800%	-	278,431	278,431	
05/01/27	9,675,000	4.800%	140,000	278,431		
11/01/27	9,535,000	4.800%	$	-	275,071	693,503	
05/01/28	9,535,000	4.800%	145,000	275,071		
11/01/28	9,390,000	4.800%	-	271,591	691,663	
05/01/29	9,390,000	4.800%	155,000	271,591		
11/01/29	9,235,000	4.800%	-	267,871	694,463	
05/01/30	9,235,000	4.800%	160,000	267,871		
11/01/30	9,075,000	4.800%	-	264,031	691,903	
05/01/31	9,075,000	4.800%	170,000	264,031		
11/01/31	8,905,000	4.800%	-	259,951	693,983	
05/01/32	8,905,000	5.650%	175,000	259,951		
11/01/32	8,730,000	5.650%	-	255,008	689,959	
05/01/33	8,730,000	5.650%	190,000	255,008		
11/01/33	8,540,000	5.650%	-	249,640	694,648	
05/01/34	8,540,000	5.650%	200,000	249,640		
11/01/34	8,340,000	5.650%	-	243,990	693,630	
05/01/35	8,340,000	5.650%	210,000	243,990		
11/01/35	8,130,000	5.650%	-	238,058	692,048	
05/01/36	8,130,000	5.650%	225,000	238,058		
11/01/36	7,905,000	5.650%	-	231,701	694,759	
05/01/37	7,905,000	5.650%	235,000	231,701		
11/01/37	7,670,000	5.650%	-	225,063	691,764	
05/01/38	7,670,000	5.650%	250,000	225,063		
11/01/38	7,420,000	5.650%	-	218,000	693,063	
05/01/39	7,420,000	5.650%	265,000	218,000		
11/01/39	7,155,000	5.650%	-	210,514	693,514	
05/01/40	7,155,000	5.650%	280,000	210,514		
11/01/40	6,875,000	5.650%	-	202,604	693,118	
05/01/41	6,875,000	5.650%	295,000	202,604		
11/01/41	6,580,000	5.650%	-	194,270	691,874	
05/01/42	6,580,000	5.650%	310,000	194,270		
11/01/42	6,270,000	5.650%	-	185,513	689,783	
05/01/43	6,270,000	5.650%	330,000	185,513		
11/01/43	5,940,000	5.650%	-	176,190	691,703	
05/01/44	5,940,000	5.650%	350,000	176,190		
11/01/44	5,590,000	5.650%	-	166,303	692,493	
05/01/45	5,590,000	5.950%	370,000	166,303		
11/01/45	5,220,000	5.950%	-	155,295	691,598	
05/01/46	5,220,000	5.950%	395,000	155,295		
11/01/46	4,825,000	5.950%	-	143,544	693,839	
05/01/47	4,825,000	5.950%	420,000	143,544		
11/01/47	4,405,000	5.950%	-	131,049	694,593	
05/01/48	4,405,000	5.950%	445,000	131,049		
11/01/48	3,960,000	5.950%	-	117,810	693,859	
05/01/49	3,960,000	5.950%	470,000	117,810		
11/01/49	3,490,000	5.950%	-	103,828	691,638	
05/01/50	3,490,000	5.950%	500,000	103,828		
11/01/50	2,990,000	5.950%	-	88,953	692,780	
05/01/51	2,990,000	5.950%	530,000	88,953		
11/01/51	2,460,000	5.950%	-	73,185	692,138	
05/01/52	2,460,000	5.950%	560,000	73,185		
11/01/52	1,900,000	5.950%	-	56,525	689,710	
05/01/53	1,900,000	5.950%	595,000	56,525		
11/01/53	1,305,000	5.950%	-	38,824	690,349	
05/01/54	1,305,000	5.950%	635,000	38,824		
11/01/54	670,000	5.950%	-	19,933	693,756	
05/01/55	670,000	5.950%	670,000	19,933		
9/18/2055		5.950%	-	$-	689,932.50	
Total			$	9,535,000	$  10,685,485	$  20,220,485	
Approved Budget
Debt Service Series 2025 Capital Improvement Revenue Bonds

REVENUES:

Special Assessment	$	-	$	-	$	-	$	-	$	718,965	
Interest Income	10,000	22,038	3,000	25,038	10,000	
Carry Forward Surplus (1)	1,148,950	798,236	-	798,236	323,858	
TOTAL REVENUES	$ 1,158,950	$	820,274	$	3,000	$	823,274	$ 1,052,823	

EXPENDITURES:						
Interest - 11/1	$	210,365	$	210,365	$	-	$	210,365	$	289,051	
Interest - 5/1	289,051	-	289,051	289,051	289,051	
Principal - 5/1	-	-	-	-	140,000	
TOTAL EXPENDITURES	$	499,416	$	210,365	$	289,051	$	499,416	$	718,103	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$	-	
$	-	
$	-	
$	-	
$	-	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	-	
						
TOTAL EXPENDITURES	$	499,416	$	210,365	$	289,051	$	499,416	$	718,103	
						
EXCESS REVENUES (EXPENDITURES)	$	659,534	$	609,909	$  (286,051)	$	323,858	$	334,720	

(1) Carry Forward is Net of Reserve Requirement
Interest Due 11/1/27
 $	286,076 
AMORTIZATION SCHEDULE
Debt Service Series 2025 Capital Improvement Revenue Bonds

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	
						
11/01/26	10,115,000			289,051		
05/01/27	10,115,000	4.250%	140,000	289,051	718,103	
11/01/27	9,975,000	4.250%		286,076		
05/01/28	9,975,000	4.250%	150,000	286,076	722,153	
11/01/28	9,825,000	4.250%		282,889		
05/01/29	9,825,000	4.250%	155,000	282,889	720,778	
11/01/29	9,670,000	4.250%		279,595		
05/01/30	9,670,000	4.250%	160,000	279,595	719,190	
11/01/30	9,510,000	4.800%		276,195		
05/01/31	9,510,000	4.800%	170,000	276,195	722,390	
11/01/31	9,340,000	4.800%		272,115		
05/01/32	9,340,000	4.800%	175,000	272,115	719,230	
11/01/32	9,165,000	4.800%		267,915		
05/01/33	9,165,000	4.800%	185,000	267,915	720,830	
11/01/33	8,980,000	4.800%		263,475		
05/01/34	8,980,000	4.800%	195,000	263,475	721,950	
11/01/34	8,785,000	4.800%		258,795		
05/01/35	8,785,000	4.800%	205,000	258,795	722,590	
11/01/35	8,580,000	4.800%		253,875		
05/01/36	8,580,000	5.750%	215,000	253,875	722,750	
11/01/36	8,365,000	5.750%		247,694		
05/01/37	8,365,000	5.750%	230,000	247,694	725,388	
11/01/37	8,135,000	5.750%		241,081		
05/01/38	8,135,000	5.750%	240,000	241,081	722,163	
11/01/38	7,895,000	5.750%		234,181		
05/01/39	7,895,000	5.750%	255,000	234,181	723,363	
11/01/39	7,640,000	5.750%		226,850		
05/01/40	7,640,000	5.750%	270,000	226,850	723,700	
11/01/40	7,370,000	5.750%		219,088		
05/01/41	7,370,000	5.750%	285,000	219,088	723,175	
11/01/41	7,085,000	5.750%		210,894		
05/01/42	7,085,000	5.750%	305,000	210,894	726,788	
11/01/42	6,780,000	5.750%		202,125		
05/01/43	6,780,000	5.750%	320,000	202,125	724,250	
11/01/43	6,460,000	5.750%		192,925		
05/01/44	6,460,000	5.750%	340,000	192,925	725,850	
11/01/44	6,120,000	5.750%		183,150		
05/01/45	6,120,000	5.750%	360,000	183,150	726,300	
11/01/45	5,760,000	6.000%		172,800		
05/01/46	5,760,000	6.000%	380,000	172,800	725,600	
11/01/46	5,380,000	6.000%		161,400		
05/01/47	5,380,000	6.000%	405,000	161,400	727,800	
11/01/47	4,975,000	6.000%		149,250		
05/01/48	4,975,000	6.000%	430,000	149,250	728,500	
11/01/48	4,545,000	6.000%		136,350		
05/01/49	4,545,000	6.000%	455,000	136,350	727,700	
11/01/49	4,090,000	6.000%		122,700		
05/01/50	4,090,000	6.000%	485,000	122,700	730,400	
11/01/50	3,605,000	6.000%		108,150		
05/01/51	3,605,000	6.000%	515,000	108,150	731,300	
11/01/51	3,090,000	6.000%		92,700		
05/01/52	3,090,000	6.000%	545,000	92,700	730,400	
11/01/52	2,545,000	6.000%		76,350		
05/01/53	2,545,000	6.000%	580,000	76,350	732,700	
11/01/53	1,965,000	6.000%		58,950		
05/01/54	1,965,000	6.000%	615,000	58,950	732,900	
11/01/54	1,350,000	6.000%		40,500		
05/01/55	1,350,000	6.000%	655,000	40,500	736,000	
11/01/55	695,000	6.000%		20,850		
05/01/56	695,000	6.000%	695,000	20,850	736,700	
11/01/56						
Total			$  10,115,000	$  12,155,354	$  22,270,354	
Approved Budget Capital Reserve Fund

REVENUES:

Interest Income
$	100  $
-  $	25  $
25  $
100
Capital Reserve Funding	500,000	-	500,000	500,000	500,000
Carry Forward Balance	428,882	-	428,882	428,882	297,851

EXPENDITURES:

Repair and Replacements
$	10,000  $
11,700  $
5,000  $
16,700  $
10,000
Capital Outlay	150,000	-	358,433	358,433	-
RiverHouse Access Control System (C/S)	5,253	7,249	-	7,249	24,396
RiverHouse Painting (C/S)	31,756	17,332	17,332	34,664	-
RiverHouse Furniture (C/S)	28,016	-	28,016	28,016	- RiverHouse A/C Unit Replacement (C/S)	38,522	-	38,522	38,522	- RiverHouse Tennis Court Fencing (C/S)	28,016	-	28,016	28,016	- RiverHouse Pool Pump Sand Filtration (C/S)	43,775	-	43,775	43,775	- Permanent Holiday Lighting (C/S)	27,316	-	27,316	27,316	-
Playground Equipment (C/S)	7,004	-	7,004	7,004	35,876
Pocket Parks Equipment Repair/Replacement (C/S)	15,531	-	15,531	15,531	16,144
Maintenance Golf Cart (C/S)	3,502	-	3,502	3,502	-
Maintenance Work Truck (C/S)	22,763	21,968	-	21,968	-
Bank Fee	360	-	360	360	360
RiverHouse Pool Operations Equipment (C/S)	-	-	-	-	125,566 RiverHouse Complex Fencing (C/S)	-	-	-	-		21,526
RiverFront Park Dock (C/S)	-	-	-	-	125,566
RiverHouse Patio Furniture (C/S)	-	-	-	-	10,763 RiverHouse Parking Lot Resurfacing (C/S)	-	-	-	-	62,783 RiverTown Blvd. Asphalt Resurfacing (C/S)	-	-	-	-	44,845 NorthLake Park Renovation (C/S)	-	-	-	-	21,526 RiverTown Blvd. Fencing Replacement (C/S)	-	-	-	-	32,288 RiverHouse Basketball Goals (C/S)	-	-	-	-	21,526
RiverFront Park Parking Lot (C/S)	-	-	-	-	28,701 RiverTown Entrance Pump/Filtration (C/S)	-	-	-	-	35,876 Tennis Court Resurfacing (C/S)	-	-	-	-		7,893
Pickleball & Tennis Court Survey (C/S)	-	-	-	-	10,763
RiverClub Expansion Joint (C/S)	-	-	-	-	17,938

Other Sources/(Uses)

Transfer in Transfer (Out)

TOTAL OTHER SOURCES/(USES)	$	-
-

$	-	$	-
-

$	-	$	-
-

$	-	$	-
-

$	-	$	-
-

$	-	
						
TOTAL EXPENDITURES	$	411,814	$	58,250	$	572,807	$	631,057	$	654,336	
						
EXCESS REVENUES (EXPENDITURES)	$	517,168	$	(58,250)	$	356,100	$	297,851	$	143,615	
Rivers Edge III
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	O&M Units	
Annual Maintenance Assessments				
	
FY 2027	
FY 2026	
Increase/ (decrease)			

Single Familiy - 40' - 49 Lot	

277	

$2,181.45	

$1,788.07	

$393.37	

22%	
Single Familiy - 50' - 59 Lot	114	$2,675.90	$2,193.36	$482.54	22%	
Single Familiy - 60' - 69 Lot	179	$2,908.59	$2,384.09	$524.50	22%	
Single Familiy - 70' - 79 Lot	21	$3,635.72	$2,980.10	$655.62	22%	
Single Familiy - 80'+ Lot	0	-	-	-	-	
Total	591					

EIGHTH ORDER OF BUSINESS

RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT
ST. JOHNS COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA

TABLE OF CONTENTS

	Page	
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds
to the Statement of Net Position	
10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to the Financial Statements	13-23	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
24	
Notes to Required Supplementary Information	25	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	26	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

27-28	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

29	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
30-31	

INDEPENDENT AUDITOR’S REPORT
To the Board of Supervisors
Rivers Edge III Community Development District St. Johns County, Florida
1001 W. Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Rivers Edge III Community Development District, St. Johns County, Florida (the “District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2025, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
	•	Exercise professional judgment and maintain professional skepticism throughout the audit.
	•	Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
	•	Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
	•	Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
	•	Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 2, 2026, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, and grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

June 2, 2026
MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Rivers Edge III Community Development District, St. Johns County, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2025. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.
FINANCIAL HIGHLIGHTS

	•	The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $4,364,914.

	•	The change in the District’s total net position in comparison with the prior fiscal year was $4,798,984, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

	•	At September 30, 2025, the District’s governmental funds reported combined ending fund balances of
$2,322,031, an increase of $598,516 in comparison with the prior fiscal year. The total fund balance is restricted for debt service, non-spendable for prepaid items, unassigned deficit fund balance in the capital projects fund, and the remainder is unassigned fund balance in the general fund which is available for spending at the District’s discretion.
OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.
The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by Developer contributions and assessments. The District does not have any business-type activities. The governmental activities of the District include the general government (management), maintenance and recreation functions.
Fund Financial Statements
A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.
OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds
Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflows of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three governmental funds for external reporting. Information is presented separately in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances for the general fund, debt service fund and capital projects fund, all of which are considered major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements
The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, assets exceeded liabilities at the close of the most recent fiscal year.

Key components of the District’s net position are reflected in the following table:

NET POSITION
SEPTEMBER 30,			
	2025	2024	
Assets, excluding capital assets	$	2,914,914	$	1,982,166	
Capital assets, net of depreciation	31,769,058	17,357,313	
Total assets	34,683,972	19,339,479	
Liabilities, excluding long-term liabilities	1,139,876	612,685	
Long-term liabilities	29,179,182	19,160,864	
Total liabilities	30,319,058	19,773,549	
Net Position			
Net investment in capital assets	2,360,263	(1,803,551)	
Restricted	1,844,614	1,398,534	
Unrestricted	160,037	(29,053)	
Total net position	$	4,364,914	$	(434,070)	
GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure) less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which program revenues exceeded the cost of operations and depreciation expense.
Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
2025	2024

Revenues:
Program revenues
Charges for services	$	1,567,694	$	1,086,474	
Operating grants and contributions	2,093,599	1,116,327	
Capital grants and contributions	5,181,801	15,815	
General revenues			
Miscellaneous income	968	-	
Unrestricted investment earnings	3,642	2,088	
Total revenues	8,847,704	2,220,704	
Expenses:			
General government	116,704	104,704	
Maintenance and operations	1,589,379	944,989	
Culture and recreation	844,828	550,249	
Interest on long-term debt	1,103,709	549,974	
Bond issue costs	394,100	412,425	
Total expenses	4,048,720	2,562,341	
Change in net position	4,798,984	(341,637)	
Net position - beginning	(434,070)	(92,433)	
Net position - ending	$	4,364,914	$	(434,070)	
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2025, was $4,048,720. The costs of the District’s activities were primarily funded by program revenues. Program revenues are comprised primarily of Developer contributions and assessments. The remainder of the current fiscal year revenue includes interest revenue. The increase in program revenue is a result of the increase in assessments and Developer contributions. The increase in current fiscal year expenses is primarily the result of an increase in maintenance costs and interest expenses.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2025, was amended to increase revenues by $1,122,707 and increase appropriations by $1,085,983.
CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets
At September 30, 2025, the District had $31,824,940 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $55,882 has been taken, which resulted in a net book value of $31,769,058. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt
At September 30, 2025, the District had $28,910,000 Bonds outstanding and $198,717 in Notes payable for its governmental activities. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

It is expected that the general operations of the District will increase as the District is built out. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, landowners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Rivers Edge III Community Development District’s Finance Department at 475 West Town Place, Suite 114, St. Augustine, Florida, 32092.
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2025

	Governmental
	Activities		
ASSETS		
Cash	$	233,736	
Investments	109	
Assessments receivable	15,851	
Due from Developer	200,000	
Prepaid items and deposits	6,700	
Restricted assets:		
Investments	2,458,518	
Capital assets:		
Nondepreciable	31,585,444	
Depreciable, net		183,614 	
Total assets		34,683,972 	
LIABILITIES		
Accounts payable	66,046	
Contracts and retainage payable	526,837	
Accrued interest payable	546,993	
Non-current liabilities:		
Due within one year	391,218	
Due in more than one year		28,787,964 	
Total liabilities		30,319,058 	
NET POSITION		
Net investment in capital assets	2,360,263	
Restricted for debt service	1,844,614	
Unrestricted		160,037 	
Total net position	 $  4,364,914 	

See notes to the financial statements
RIVERS EDGE III COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Charges for

Program Revenues Operating Grants and

Capital Grants and
Net (Expense) Revenue and Changes in Net Position

Governmental
Functions/Programs		Expenses	Services	Contributions	Contributions	Activities	 Primary government:
Governmental activities:
General government	$	116,704	$ 1,008,560	$	-	$	-	891,856	
Maintenance and operations	1,589,379	-	1,951,058	5,181,801	5,543,480	
Culture and recreation	844,828	-	-	-	(844,828)	
Interest on long-term debt	1,103,709	559,134	142,541	-	(402,034)	
Bond issue costs			394,100		-		-		-		(394,100)  Total governmental activities		4,048,720	1,567,694	2,093,599	5,181,801	4,794,374 

General revenues:
Miscellaneous	968	
Unrestricted investment earnings		3,642 	
Total general revenues		4,610 	
Change in net position	4,798,984	
Net position - beginning		(434,070) 	
Net position - ending	 $	4,364,914 	

See notes to the financial statements
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2025

	Major Funds	
Debt	Capital
General	Service	Projects
Total Governmental Funds
ASSETS
Cash	
$	4,014	
$	-	
$	229,722	
$	233,736					
Investments	109	2,385,665	72,853	2,458,627					
Assessments receivable	9,909	5,942	-	15,851					
Due from Developer	200,000	-	-	200,000					
Due from other funds	5,351	-	-	5,351					
Prepaid items and deposits	6,700	-	-	6,700					
Total assets	$	226,083	2,391,607	302,575	$ 2,920,265					

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	

$	

66,046	

$	

-	

$	

-	

$	

66,046	
Contracts and retainage payable	-	-	526,837	526,837					
Due to other funds	-	-	5,351	5,351					
Total liabilities	66,046	-	532,188	598,234					

Fund balances: Nonspendable:
Prepaid items and deposits Restricted for:
Debt service		6,700

-		-

2,391,607		-

-		6,700

2,391,607	
Unassigned		153,337		-		(229,613)		(76,276)	
Total fund balances		160,037		2,391,607		(229,613)		2,322,031	

Total liabilities and fund balances	
$	
226,083	
$	
2,391,607	
$	
302,575	
$	
2,920,265	

See notes to the financial statements
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
FOR SEPTEMBER 30, 2025

Fund balance - governmental funds	$	2,322,031
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	31,824,940
Accumulated depreciation	   (55,882)   31,769,058
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund
statements.	All liabilities, both current and long-term,	are		
reported in the government-wide financial statements.			
Accrued interest payable		(546,993)	
Note payable		(198,717)	
Bonds payable		 (28,980,465)	(29,726,175) 	
Net position of governmental activities		$	4,364,914	

See notes to the financial statements
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

		Major Funds			Total						
			Debt	Capital	Governmental				
		General	Service	Projects		Funds			
REVENUES									
Assessments	$	1,008,560	$	559,134	$	-	$	1,567,694	
Developer contributions		1,951,058	-	5,139,420		7,090,478			
Interest		3,642	142,541	42,381		188,564			
Miscellaneous revenues		968	-	-		968			
Total revenues		2,964,228	701,675	5,181,801		8,847,704			

EXPENDITURES
Current:
General government		

116,434	

-	

270		

116,704			
Maintenance and operations		1,589,379	-	-		1,589,379			
Culture and recreation Debt Service:
Principal		788,946

40,779	-

285,000	-

-		788,946

325,779			
Interest		39,600	874,140	-		913,740			
Bond issue costs		-	-	394,100		394,100			
Capital outlay		239,496	-	14,228,131		14,467,627			
Total expenditures		2,814,634	1,159,140	14,622,501		18,596,275			

Excess (deficiency) of revenues over (under) expenditures		

149,594	

(457,465)	

(9,440,700)		

(9,748,571)			
OTHER FINANCING SOURCES (USES)
Interfund transfer in		
-	
-	
200,000		
200,000			
Interfund transfer (out)		(200,000)	-	-		(200,000)			
Original issue discount		-	-	(7,409)		(7,409)			
Bond proceeds		-	1,147,950	8,967,050		10,115,000			
Note proceeds		239,496	-	-		239,496			
Total other financing sources (uses)		39,496	1,147,950	9,159,641		10,347,087			

Net change in fund balances		
189,090	
690,485	
(281,059)		
598,516			
Fund balances - beginning		(29,053)	1,701,122	51,446		1,723,515			

Fund balances - ending	
$	
160,037	
$ 2,391,607	
$	(229,613)	
$	
2,322,031			

See notes to the financial statements									
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Net change in fund balances - total governmental funds	$	598,516 Amounts reported for governmental activities in the statement of activities

See notes to the financial statements
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Rivers Edge III Community Development District ("District") was created by Ordinance 2020-07 of the County Commission of St. Johns County, Florida enacted on March 3, 2020, and effective on March 5, 2020 and established pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue Bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at large basis by the owners of the property within the District. Ownership of land within the District entitles the owner to one vote per acre. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2025 one of the Board seats is vacant and the remaining seats are held by affiliates of Mattamy Jacksonville, LLC the (“Developer”).

The Board has the responsibility for:
	1.	Assessing and levying assessments.
	2.	Approving budgets.
	3.	Exercising control over facilities and properties.
	4.	Controlling the use of funds generated by the District.
	5.	Approving the hiring and firing of key personnel.
	6.	Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District Board of Supervisors is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.
NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating-type special assessments for maintenance and debt service are treated as charges for services; and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on certain land and all platted lots within the District. Operation and maintenance assessments are levied each September 1 on property of record as of the previous January. The fiscal year for which annual assessments are levied begins on October 1 with discounts available for payments through February 28 and become delinquent on April 1. For debt service assessments, amounts collected as advance payments are used to prepay a portion of the Bonds outstanding. Otherwise, assessments are collected annually to provide funds for the debt service on the portion of the Bonds which are not paid with prepaid assessments.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.
Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.
When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity
Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).
The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
	a.	The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Inter-local Cooperation Act;
	b.	Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
	c.	Interest bearing time deposits or savings accounts in qualified public depositories;
	d.	Direct obligations of the U.S. Treasury.
The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a “2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.

Securities listed in paragraphs c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, unspent Bond proceeds are required to be held in investments as specified in the Bond Indentures.
The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.
Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets’ lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Capital Assets (Continued)
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years	
Roadways	30	
Stormwater/reclaim	30	
Infrastructure - other	30	

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are reported as an expense in the year incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.
Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:
Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.
Fund Equity/Net Position

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.
Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements is categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures
Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.
	a.	Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
	b.	Public hearings are conducted to obtain public comments.
	c.	Prior to October 1, the budget was legally adopted by the District Board.
	d.	All budget changes must be approved by the District Board.
	e.	The budgets are adopted on a basis consistent with generally accepted accounting principles.
	f.	Unused appropriations for annually budgeted funds lapse at the end of the year.
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District’s investments were held as follows at September 30, 2025:
Amortized cost	Credit Risk	Maturities

First American Government Obligations Fund - Class Z
$	535,643	S&P AAAm	Weighted average of the fund
portfolio: 45 days
US Bank Money Market	1,922,875	N/A	N/A
Investment in Local Government Surplus

109	S&P AAAm
Weighted average of the fund
Funds Trust Fund (Florida PRIME)			portfolio: 47 days
Investments Total $	2,458,627
Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.
Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.
Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
	•	Level 1: Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
	•	Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
	•	Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.

Investments (Continued)
External Investment Pool – With regard to redemption rates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.” With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2025, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2025, was as follows:

Beginning Balance

Additions	Reductions
Ending Balance
Governmental activities
Capital assets, not being depreciated									
Infrastructure in progress	$	17,357,313	$	14,228,131	$	-	$	31,585,444					
Total capital assets, not being depreciated		17,357,313		14,228,131		-		31,585,444	

Capital assets, being depreciated Finance purchased equipment		

-		

239,496		

-		

239,496	
Total capital assets, being depreciated		-		239,496		-		239,496	

Less accumulated depreciation for: Finance purchased equipment		

-		

55,882		

-		

55,882	
Total accumulated depreciation		-		55,882		-		55,882	

Total capital assets, being depreciated, net		
-		
183,614		
-		
183,614	

Governmental activities capital assets, net	
$	
17,357,313	
$	
14,411,745	
$	
-	
$	
31,769,058	

The infrastructure intended to serve the District has been estimated at a total cost of approximately $66.2 million. The infrastructure will include drainage and stormwater management, roads, landscaping, and recreational facilities. Upon completion, the roads are to be conveyed to other entities for ownership and maintenance. A portion of the project costs was expected to be financed with the proceeds from the issuance of Bonds with the remainder to be funded by the Developer and conveyed to the District. During the current fiscal year, the District paid $8,560,191 to the Developer for the acquisition of infrastructure improvements.

Interfund transfers for the fiscal year ended September 30, 2025, were as follows:

 Fund	Transfers in	Transfers out 
General	$	-	$	200,000	
Capital projects		200,000	-		
	 $	200,000	$	200,000 	

Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the general fund to the capital projects fund were made to fund capital reserves.
NOTE 7 – LONG-TERM LIABILITIES

Series 2021
On April 7, 2021, the District issued $9,880,000 of Capital Improvement Revenue Bonds, Series 2021 consisting of multiple term bonds with due dates ranging from May 1, 2026, to May 1, 2051, and fixed interest rates ranging from 2.4% to 4%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November
1. Principal on the Bonds is to be paid serially commencing May 1, 2022, through May 1, 2051.

The Series 2021 Bonds are subject to optional redemption, mandatory sinking fund and extraordinary mandatory redemption at the times, in the amounts, and the redemption prices more fully described in the Redemption Provision as outlined in the Bond Indenture. This occurred during the current fiscal year as the District prepaid $70,000 of the Series 2021 Bonds. In addition, see Note – 13 Subsequent Events for extraordinary redemption amounts subsequent to fiscal year end.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the debt service reserve requirement at September 30, 2025.
Series 2024
On May 17, 2024, the District issued $9,815,000 of Capital Improvement Revenue Bonds, Series 2024 consisting of multiple term bonds with due dates ranging from May 1, 2031, to May 1, 2055, and fixed interest rates ranging from 4.8% to 5.95%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2026, through May 1, 2055.

The Series 2024 Bonds are subject to optional redemption, mandatory sinking fund and extraordinary mandatory redemption at the times, in the amounts, and the redemption prices more fully described in the Redemption Provision as outlined in the Bond Indenture. See Note – 13 Subsequent Events for extraordinary redemption amounts subsequent to fiscal year end.
The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Upon satisfaction of certain conditions, a portion of the original reserve requirements will be transferred to the acquisition and construction trust account to pay for project costs in accordance with the bond indenture; this did not occur during the current fiscal year. The District was in compliance with the debt service reserve requirement at September 30, 2025.

Series 2025
On June 20, 2025, the District issued $10,115,000 of Capital Improvement Revenue Bonds, Series 2025 consisting of multiple term bonds with due dates ranging from May 1, 2030, to May 1, 2056, and fixed interest rates ranging from 4.25% to 6%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November
1. Principal on the Bonds is to be paid serially commencing May 1, 2027, through May 1, 2056.

The Series 2025 Bonds are subject to optional redemption, mandatory sinking fund and extraordinary mandatory redemption at the times, in the amounts, and the redemption prices more fully described in the Redemption Provision as outlined in the Bond Indenture.
The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. Upon satisfaction of certain conditions, a portion of the original reserve requirements will be transferred to the acquisition and construction trust account to pay for project costs in accordance with the bond indenture; this did not occur during the current fiscal year. The District was in compliance with the debt service reserve requirement at September 30, 2025.
Note Payable
In August 2024, the District entered into a 60-month equipment lease agreement for fitness equipment as a lessee. The agreement includes an end-of-term purchase option for $1 and therefore has recognized the liability as a financed purchase note. As a result, an initial long-term liability and capital asset acquisition was recorded in the amount of $239,496. The Note requires monthly payments of $5,741, matures in July 2029 and has an interest rate of 15.35%. The associated equipment has a net book value of $183,614 as of September 30, 2025.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2025, were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities						
Bonds payable:						
Series 2021	$	9,265,000	$	-	$	285,000	$	8,980,000	$	220,000	
Plus: original issue premium	80,864	-	3,052	77,812	-	
Series 2024	9,815,000	-	-	9,815,000	130,000	
Series 2025	-	10,115,000	-	10,115,000	-	
Less: original issue discount	-	(7,409)	(62)	(7,347)	-	
Direct borrowings:						
Note payable - financed purchase	-	239,496	40,779	198,717	41,218	
Total	 $  19,160,864  $  10,347,087  $	328,769  $  29,179,182  $	391,218 					

Long-term Debt Activity (Continued)
At September 30, 2025, the scheduled debt service requirements on the Bonds payable were as follows:
Year ending
	Governmental Activities	
  September 30:	Principal	Interest	Total	
2026	$	350,000	$	1,391,469	$	1,741,469	
2027	505,000	1,458,635	1,963,635	
2028	525,000	1,439,215	1,964,215	
2029	550,000	1,418,981	1,968,981	
2030	565,000	1,397,753	1,962,753	
2031-2035	3,230,000	6,612,980	9,842,980	
2036-2040	4,075,000	5,792,738	9,867,738	
2041-2045	5,210,000	4,688,861	9,898,861	
2046-2050	6,760,000	3,191,024	9,951,024	
2051-2055	6,445,000	1,331,620	7,776,620	
2056	695,000	41,700	736,700	
Total	 $	28,910,000	$	28,764,976	$ 57,674,976 			

At September 30, 2025, the scheduled debt service requirements on the Notes payable were as follows:
Year ending		Governmental Activities	
  September 30:	Principal	Interest	Total	
2026	$	41,218	$	27,678	$	68,896	
2027	48,008	20,888	68,896	
2028	55,917	12,979	68,896	
2029	53,574	3,840	57,414	
Total	$	198,717	$	65,385	$	264,102	

NOTE 8 – DEVELOPER TRANSACTIONS

The Developer has agreed to fund certain general operations of the District. In connection with that agreement, Developer contributions to the District were $1,951,058 and $5,139,420 in the general fund capital projects fund, respectively. The general fund reports a receivable from the Developer of $200,000 as of September 30, 2025.

NOTE 9 – CONCENTRATION
The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.

NOTE 10 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 11 – RISK MANAGEMENT
The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.
NOTE 12 – COST SHARE AGREEMENT

In November 2019, the District entered into an interlocal cost share agreement with Rivers Edge Community Development District (“Rivers Edge”) and Rivers Edge II Community Development District (“Rivers Edge II”). In accordance with the agreement, all three Districts are to share in certain grounds maintenance and amenity operating costs as well as provide for the joint use of amenity facilities. For the fiscal year ended September 30, 2025, the District recognized $355,396 of expenses associated with the cost share agreement.

NOTE 13 – SUBSEQUENT EVENTS
Bond Payments
Subsequent to fiscal year end, the District prepaid a total of $5,000 for the Series 2021 Bonds and $5,000 for the Series 2024 Bonds. The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indenture.
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025

Variance with Final Budget -
		Budgeted Amounts		Actual	Positive						
	Original	Final	Amounts	(Negative)					
REVENUES									
Assessments	$	994,297	$	1,008,576	$	1,008,560	$	(16)	
Developer contributions	845,241	1,951,058	1,951,058	-					
Interest	2,000	4,611	3,642	(969)					
Miscellaneous income	-	-	968	968					
Total revenues	1,841,538	2,964,245	2,964,228	(17)					

EXPENDITURES
Current:
General government	

96,989	

123,740	

116,434	

7,306					
Maintenance and operations	723,535	1,633,253	1,589,379	43,874					
Culture and recreation	821,014	970,528	788,946	181,582					
Capital outlay Debt Service:
Principal	200,000

-	200,000

-	239,496

40,779	(39,496)

(40,779)					
Interest	-	-	39,600	(39,600)					
Total expenditures	1,841,538	2,927,521	2,814,634	112,887					

Excess (deficiency) of revenues over (under) expenditures	

-	

36,724	

149,594	

112,870					
OTHER FINANCING SOURCES (USES)
Note proceeds	
-	
-	
239,496	
239,496					
Transfer in (out)	-	-	(200,000)	(200,000)					
Total other financing sources (uses)	-	-	39,496	39,496					

Net change in fund balance	
 $	-	$	36,724 	
189,090	
 $	152,366 						
Fund balance - beginning				(29,053) 						
Fund balance - ending			 $	160,037 						

See notes to required supplementary information
NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. The general fund budget for the fiscal year ended September 30, 2025, was amended to increase revenues by $1,122,707 and increase appropriations by $1,085,983.
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2025 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s fiscal year being reported.	
0	
Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being reported.	
17	
Employee compensation	$0	
Independent contractor compensation	$7,434,833	
Construction projects to begin on or after October 1; ($65K)	SR 13 Roundabout Project	
	Contracts: $5,475,344.18	
	Expensed: $5,025,403.85	

Budget variance report	See the Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund	
Ad Valorem taxes;	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate	Operations and maintenance - $1,490.06 - 1,986.74
Debt service 2021 - $506.40 - 675.23	
Special assessments collected	$1,567,694	
Outstanding Bonds:		
Series 2021, due May 1, 2051	$8,980,000	
Series 2024, due May 1, 2055	$9,815,000	
Series 2025, due May 1, 2056	$10,115,000	
1001 W. Yamato Road ▪ Suite 301 Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Board of Supervisors
Rivers Edge III Community Development District St. Johns County, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Rivers Edge III Community Development District, St. Johns County, Florida (the “District”) as of and for the fiscal year ended September 30, 2025, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 2, 2026.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

June 2, 2026

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
Rivers Edge III Community Development District St. Johns County, Florida
We have examined Rivers Edge III Community Development District, St. Johns County, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2025. Management is responsible for the District’s compliance with those requirements. Our responsibility is to express an opinion on the District’s compliance based on our examination.
Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.
In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2025.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Rivers Edge III Community Development District, St. Johns County, Florida and is not intended to be and should not be used by anyone other than these specified parties

June 2, 2026

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Rivers Edge III Community Development District St. Johns County, Florida
Report on the Financial Statements

We have audited the accompanying basic financial statements of Rivers Edge III Community Development District ("District") as of and for the fiscal year ended September 30, 2025, and have issued our report thereon dated June 2, 2026.
Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.
Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 2, 2026, should be considered in conjunction with this management letter.

Purpose of this Letter
The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

	I.	Current year findings and recommendations.
	II.	Status of prior year findings and recommendations.
	III.	Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Rivers Edge III Community Development District, St. Johns County, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Rivers Edge III Community Development District, St. Johns County, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

June 2, 2026
REPORT TO MANAGEMENT

	I.	CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

	I.	PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

	I.	COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

	1.	A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2024.
	1.	Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2025.
	1.	Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material, but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2025.

	1.	The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
	2.	The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

	1.	We applied financial condition assessment procedures, and no deteriorating financial conditions were noted. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

	1.	Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 26.