River Place on the St. Lucie	
Community Development District	

Amended Budget	
FY 2025	

Table of Contents

1-2		General Fund	

3	
	Capital Reserve Fund	

4-7	
	Narratives	

8	
	Debt Service Fund Series 2001	

9	
	Series 2001 Amortization Schedule	
10		Assessment Schedule	

River Place on the St. Lucie	
Community Development District	
Amended Budget	
General Fund	

REVENUES:

Special Assessments - Tax Roll	$	517,270	$	522,166	$	-	$	522,166	$	523,573	
Special Assessments - Tax Roll Delinquent		25,589	-	25,589	-	
Stormwater Fees	64,557	54,994	20,485	75,479	70,358	
Rental Fees - Boat Storage	17,400	13,195	5,535	18,730	17,151	
Rental Fees - Clubhouse	4,800	1,875	338	2,213	2,475	
Revenue Fobs	-	2,225	325	2,550	1,100	
Interest income	10,000	18,927	3,675	22,602	16,413	
Other Income	-	-	-	-	90,265	
Carry Forward Surplus	-	177,417	-	177,417	22,867	

TOTAL REVENUES	$	614,027	$	816,388	$	30,357	$	846,745	$	744,203	

EXPENDITURES:

Administrative:						
Supervisor Fees	$	5,000	$	3,800	$	2,000	$	5,800	$	4,800	
FICA Taxes	383	291	153	444	367	
Engineering	8,000	16,729	10,000	26,729	3,000	
Attorney	25,000	39,989	7,500	47,489	40,000	
Annual Audit	3,825	3,825	-	3,825	4,000	
Arbitrage Rebate	600	600	-	600	600	
Dissemination Agent	2,500	1,875	625	2,500	2,688	
Trustee Fees	3,800	3,615	-	3,615	3,615	
Management Fees	43,332	32,499	10,833	43,332	44,849	
Property Appraiser	11,006	11,006	-	11,006	11,006	
Website Maintenance	1,000	750	250	1,000	1,035	
Telephone	200	-	50	50	-	
Postage & Delivery	1,000	540	135	675	400	
Insurance General Liability	9,294	8,745	-	8,745	10,208	
Rental & Leases	2,400	1,800	600	2,400	2,400	
Printing & Binding	1,000	438	110	548	200	
Legal Advertising	750	1,387	-	1,387	600	
Other Current Charges	790	478	195	673	790	
Office Supplies	100	0	25	25	50	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	120,155	$	128,542	$	32,476	$	161,017	$	130,782	

River Place on the St. Lucie	
Community Development District	
Amended Budget	
General Fund	

Operations & Maintenance

Field Expenditures						
Field Management	$	27,000	$	20,250	$	6,750	$	27,000	$	27,945	
Utility - Electric Irrigation	13,200	7,887	2,629	10,517	10,700	
Water/Wastewater	3,000	1,603	1,157	2,760	3,000	
Preserve Maintenance	20,000	15,000	5,000	20,000	20,000	
Aquatic Maintenance	13,220	9,005	4,215	13,220	13,220	
Landscape Maintenance	90,000	67,580	21,300	88,880	92,241	
Fertilization/Weed and Pest Control	1,612	818	870	1,688	1,089	
Irrigation Maintenance	11,600	8,860	2,700	11,560	10,800	
Fountain Maintenance	1,800	200	1,600	1,800	640	
Repairs & Maintenance	13,000	2,175	10,825	13,000	40,000	
Signage Maintenance	5,000	930	4,070	5,000	-	
Operating Supplies	1,000	55	945	1,000	500	
PSL Interlocal Agreement	25,000	12,500	12,500	25,000	25,000	
Contingency	20,000	249	5,000	5,249	18,902	
Capital Outlay	-	-	-	-	104,228	

Subtotal Field Expenditures	$	245,432	$	147,112	$	79,561	$	226,673	$	368,264	

Clubhouse Expenditures						
Security Monitoring/Fire/Alarm	$	4,000	$	736	$	3,264	$	4,000	$	3,000	
Utility - Electric	14,520	13,100	5,100	18,200	17,700	
Water/Wastewater	4,800	7,456	1,350	8,806	4,000	
Telephone	840	669	270	939	1,291	
Property Insurance/Workers Comp	28,979	23,849	-	23,849	23,650	
Clubhouse Cleaning	15,600	10,070	3,357	13,427	18,000	
Clubhouse Maintenance and Repairs	20,000	9,686	10,315	20,000	25,000	
Pool & Spa Maintenance	14,400	12,210	4,200	16,410	17,325	
Pool & Spa Repairs	10,000	17,314	5,000	22,314	17,410	
Propane Gas	15,000	1,553	1,500	3,053	-	
Trash	300	-	300	300	-	
Capital Outlay	20,000	19,000	-	19,000	17,780	
Capital Impr Doors Replacements	-	27,976	-	27,976	-	
Capital Impr Reserve Window Replacement	35,000	32,760	-	32,760	-	
Capital Impr Reserve Clubhouse Parking Lot	65,000	18,310	29,710	48,020	-	

Subtotal Clubhouse Expenditures	$	248,441	$	194,689	$	64,365	$	259,054	$	145,157	

TOTAL EXPENDITURES	$	614,027	$	470,343	$	176,402	$	646,745	$	644,203	
Other Financing Sources/(Uses)

Interlocal Transfer In/(Out)	-	-	(200,000)	(200,000)	(100,000)	

TOTAL OTHER FINANCING SOURCES/(USES)	$	-	$	-	$	(200,000)	$	(200,000)	$	(100,000)	

EXCESS REVENUES (EXPENDITURES)	$	-	$	346,045	$	(346,045)	$	-	$	-	

River Place on the St. Lucie	
Community Development District	
Proposed Budget	
Capital Reserve Fund	

Adopted
Budget	Actuals Thru	Projected Next	Projected Thru	Amended
Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY 2025	

Interest Income	$	-	$	2,540	$	2,798	$	5,338	$	13,286	
Carry Forward Surplus	-	-	-	-	205,338	

TOTAL REVENUES	$	-	$	2,540	$	2,798	$	5,338	$	218,624	

EXPENDITURES:

Capital Outlay	$	-	$	-	$	-	$	-	$	-	

TOTAL EXPENDITURES	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources/(Uses)

Interlocal Transfer In/(Out)	$	-	$	-	$	200,000	$	200,000	$	100,000	

TOTAL OTHER FINANCING SOURCES/(USES)	$	-	$	-	$	200,000	$	200,000	$	100,000	

EXCESS REVENUES (EXPENDITURES)	$	-	$	2,540	$	202,798	$	205,338	$	318,624	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Stormwater Fees	
The City of Port St. Lucie assesses the residents of the District for Repairs, Maintenance and Capital Improvements of the Drainage System. The city then remits the storm water fees less an administrative fee to the District since the District provides all these	
Boat/RV Storage Fees	
Boat/RV Storage rent fees.	
Clubhouse Rental	
The District collects rental fees for various amenities including the Clubhouse.	
Interest	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

Expenditures - Administrative	
Supervisors Fees	
Chapter 190 of the Florida Statutes allows for members of the Board of Supervisors to be compensated
$200 per meeting in which they attend.  The budgeted amount for the fiscal year is based on all supervisors attending 5	
FICA Taxes	
Payroll taxes on Board of Supervisor’s compensation. The budgeted amount for the fiscal year is calculated at 7.65% of the total Board of Supervisor’s payroll expenditures.	
Engineering	
The District's engineer 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.	
Attorney	
The District’s Attorney, will be providing 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 assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Dissemination Agent	
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Property Appraiser	
The St Lucie County Board of Commissioners provides the District with a listing of the legal description of each property parcel within the District boundaries, and the names and addresses of the owners of such property. The District reimburses the Board of Commissioners for necessary administrative costs incurred to provide this service. Per the Florida Statutes, administrative costs shall include, but not be limited to, those costs associated with personnel, forms, supplies, data processing, computer equipment, postage, and programming. The budget for Board of Commissioners costs was based on a unit price per parcel.	

Expenditures - Administrative (continued)	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Communication - Telephone	
Internet and Wi-Fi service for Office.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
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.	
Rental & Leases	
The District will be charged $200 per month for office rent from Governmental Management Services-South Florida, Inc.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
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 other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	

Expenditures – Field	
Field Management	
The District currently contracts the operation of the property and its contractors.	
Utility - Electric Irrigation	
The District is currently responsible for the following accounts with Florida Power & Light:	
-432 NE Leaping Frog Way #IRR/1	
-612 NE Muskrat Run - IRR	
-436 NE Leaping Frog Way - IRR	
-430 NE Lazy River Pkwy - IRR	
-650 NE Little Kayak Pt - IRR	
-101 NE Hammock Creek TRL - PUMP	
Water/Wastewater	
The District is currently responsible for the following accounts with The City of Port St. Lucie:	
-450 NE Lazy River Pkwy- Irrigation	
-0 Windy River Way- Water & Sewer	
Preserve Maintenance	
The line item is for preserve/plant maintenance. Preserve isolated wetlands maintenance and preserved riverine and creek wetlands maintenance.	

Expenditures – Field (continued)	
Aquatic Maintenance	
The District is contracted with Wetlands Management Inc. for the monthly, semi-annual maintenance. Their services include:	
-Control algae	
-Treat torpedo grass	
-Deaden cattail	
-Control undesirable plant infestations	
-Monthly Lake maintenance	
-The L-107 canal maintenance	
Landscape Maintenance	
The District has contracted Hugo’s Lawn Care LLC. for its annual common area and secondary areas landscape maintenance. The annual agreement is $86,400 plus $3,600 contingency. The monthly maintenance services include:	
-Grass mowing, trimming and edging	
-Plant and tree trimming	
-Weeding & Clearing	
-Perennials	
-Pest & Disease Control	
Fertilization/Weed and Pest Control	
Landscape fertilization weed and pest control. District contracted Adams Pest Control for a quarterly fee of $270 for services such as monthly interior inspection & treatment on a need basis. Monthly exterior inspection & treatment as necessary of the club house & pool area. Addition $113.75 every quarter for termites.	
Irrigation Maintenance	
The District has contracted with Hugo’s Lawn Care LLC to maintain the irrigation system.	
Fountain Maintenance	
The District has contracted with Treasure Coast Aquatics to maintain 5 fountains.	
Repairs and Maintenance	
All general repairs and maintenance that the District should incur during the fiscal year.	
Signage Maintenance	
Represents estimated cost for repairing or replacing street and amenities signage.	
Operating Supplies	
Purchase of supplies for the District's common area, etc.	
Port St Lucie Interlocal Agreement	
Quarterly payments are due to the City of Port St. Lucie for the maintenance, supervision and scheduling of River Place Public Park. The annual agreement is $25,000.	
Contingency	
Represents the potential excess of unscheduled maintenance expenses not included in budget categories or not anticipated in specific line items.	

Expenditures – Clubhouse	
Security Monitoring/Fire Alarm	
The District has a contract with High Rise, Inc for fire and alarm monitoring with starlink. The total annual charge for security maintenance is $1,643. Additional cost for annual testing $600 and replacement/repairs $1,757.	
Utility - Electric	
The District is currently responsible for the following accounts with Florida Power & Light:	
-450 NE Lazy River Pkwy - Clubhouse	
Water/Wastewater	
The District is currently responsible for the following accounts with The City of Port St. Lucie:	
-450 NE Lazy River Pkwy- Clubhouse	

Expenditures – Clubhouse (continued)	
Telephone	
AT&T internet service at the clubhouse	
Property Insurance/Workers Comp	
Property and operational insurance for the District’s capital assets and workers comp.	
Clubhouse Cleaning	
The District has contracted with Don Williams Cleaning for monthly Clubhouse, bathrooms, kitchen, pool area ang gym cleaning	
Clubhouse Maintenance and Repairs	
Cost to maintain repairs for the clubhouse and maintenance for the Air conditioning unit.	
Pool & Spa Maintenance	
The District is contracted with Dynamic Pool Pros Corp for monthly pool maintenance. Weekly service includes vacuuming, brushing, tile cleaning as needed, chemical balance and equipment inspections for proper function, logbooks filled out.	
Pool & Spa Repairs	
Cost for repairs to the pool and spa and repairs to cartridges.	
Propane Gas	
This expenditure is propane for the pool water heaters, SPA and BBQ tank.	
Trash	
This item includes the cost of garbage disposal for the District.	
Capital Outlay	
Represents any new/replacement for infrastructure within the District.	

River Place on the St. Lucie	
Community Development District	
Amended Budget	
Debt Service Series 2001 Special Assessment Revenue Bonds	

Adopted
Budget	Actuals Thru	Projected Next	Projected Thru	Adopted
Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - Tax Roll	$	181,947	$	183,632	$	-	$	183,632	$	181,947	
Special Assessments - Tax Roll Delinquent	-	11,419	-	11,419	-	
Special Assessments - Prepayment	-	2,016	-	2,016	-	
Interest Earnings	500	4,213	600	4,813	2,000	
Carry Forward Surplus (1)	60,495	51,939	-	51,939	80,560	

TOTAL REVENUES	$	242,943	$	253,218	$	600	$	253,818	$	264,507	

EXPENDITURES:

Interest - 11/1	$	34,694	$	34,694	$	-	$	34,694	$	30,881	
Interest - 5/1	34,694	34,694	-	34,694	30,881	
Principal - 5/1	100,000	100,000	-	100,000	110,000	
Property Appraiser	3,871	3,871	-	3,871	3,871	

TOTAL EXPENDITURES	$	173,259	$	173,259	$	-	$	173,259	$	175,634	

EXCESS REVENUES (EXPENDITURES)	$	69,684	$	79,960	$	600	$	80,560	$	88,873	

Interest Due 11/1/25	$26,688	
		$26,688 	

(1) Carry Forward is Net of Reserve Requirement

River Place on the St. Lucie	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2001 Special Assessment Revenue Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

05/01/24	$	910,000	7.625%	$	100,000	$	34,694	$	-	
11/01/24	810,000	7.625%	$-	30,881	165,575	
05/01/25	810,000	7.625%	110,000	30,881		
11/01/25	700,000	7.625%	-	26,688	167,569	
05/01/26	700,000	7.625%	120,000	26,688		
11/01/26	580,000	7.625%	-	22,113	168,800	
05/01/27	580,000	7.625%	130,000	22,113		
11/01/27	450,000	7.625%	-	17,156	169,269	
05/01/28	450,000	7.625%	140,000	17,156		
11/01/28	310,000	7.625%	-	11,819	168,975	
05/01/29	310,000	7.625%	150,000	11,819		
11/01/29	160,000	7.625%	-	6,100	167,919	
05/01/30	160,000	7.625%	160,000	6,100	166,100	

TOTAL	$	810,000	$	229,513	$	1,174,206	

River Place on the St. Lucie	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	O&M Units	Bonds
Units 2001	Annual Maintenance Assessments	Annual Debt Assessments	Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)
in $	Increase/ (decrease)
in %	
FY 2025	
FY2024	Increase/ (decrease)
in $	Increase/ (decrease)
in %	
FY 2025	
FY2024	Increase/ (decrease)
in $	Increase/ (decrease)
in %	

Single Family															
Moss Rose Place	12	12	$1,159.10	$1,159.10	$0.00	0.00%	$479.00	$479.00	$0.00	0.00%	$1,638.10	$1,638.10	$0.00	0.00%	
Moss Rose Place (Maronda)	12	12	$1,159.10	$1,159.10	$0.00	0.00%	$479.00	$479.00	$0.00	0.00%	$1,638.10	$1,638.10	$0.00	0.00%	
Little Kayak Point - Phase 1	32	32	$1,159.10	$1,159.10	$0.00	0.00%	$479.00	$479.00	$0.00	0.00%	$1,638.10	$1,638.10	$0.00	0.00%	
Little Kayak Point - Phase 2	38	38	$1,159.10	$1,159.10	$0.00	0.00%	$479.00	$479.00	$0.00	0.00%	$1,638.10	$1,638.10	$0.00	0.00%	
Canoe Park Circle- Phase 1	72	72	$1,159.10	$1,159.10	$0.00	0.00%	$479.00	$479.00	$0.00	0.00%	$1,638.10	$1,638.10	$0.00	0.00%	
Canoe Park Circle- Phase 2	78	76	$1,159.10	$1,159.10	$0.00	0.00%	$479.00	$479.00	$0.00	0.00%	$1,638.10	$1,638.10	$0.00	0.00%	
Multi Family															
A - Bent Paddle	36	36	$1,159.10	$1,159.10	$0.00	0.00%	$299.00	$299.00	$0.00	0.00%	$1,458.10	$1,458.10	$0.00	0.00%	
C- Little Turtle	52	52	$1,159.10	$1,159.10	$0.00	0.00%	$448.50	$448.50	$0.00	0.00%	$1,607.60	$1,607.60	$0.00	0.00%	
E - Hawks Ridge	118	8	$1,159.10	$1,159.10	$0.00	0.00%	$512.54	$512.54	$0.00	0.00%	$1,671.64	$1,671.64	$0.00	0.00%	
Office															
Parcel I	5.39	5.39	$1,344.04	$1,344.04	$0.00	0.00%	$2,114.82	$2,114.82	$0.00	0.00%	$3,458.86	$3,458.86	$0.00	0.00%	
Institutional															
Woodlands	1	1	$914.53	$914.53	$0.00	0.00%	$2,379.02	$2,379.02	$0.00	0.00%	$3,293.55	$3,293.55	$0.00	0.00%	
IR Bank	0.775	0.775	$914.53	$914.53	$0.00	0.00%	$2,379.02	$2,379.02	$0.00	0.00%	$3,293.55	$3,293.55	$0.00	0.00%	
RP Partners	2.661	2.661	$914.53	$914.53	$0.00	0.00%	$2,379.02	$2,379.02	$0.00	0.00%	$3,293.55	$3,293.55	$0.00	0.00%	
Commercial Parcel N	21.07	21.07	$825.18	$825.18	$0.00	0.00%	$830.78	$830.78	$0.00	0.00%	$1,655.96	$1,655.96	$0.00	0.00%	
Total	480.896  368.896													

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