Amended Budget	
Fiscal Year 2023	

River Place on the St. Lucie	
Community Development District	

River Place on the St. Lucie	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Assessments Per Unit	
Capital Reserve Schedule	
Narrative	

Page 1-2	
Page 3	
Page 4	
Page 5-9	

Debt Service Fund	
Budget - Series 2001 A	
Amortization Schedule - 2001A	

Page 10	
Page 11	

River Place on the St. Lucie	
Community Development District	

	
Amended	
Budget	
FY 2023	

$407,719
$57,950
$17,729
$4,800
$18,038
$1,100
$50,000
$144,106	
$701,441	

$5,600
$428
$17,000
$32,000
$8,675
$600
$2,500
$3,715
$7,230
$42,070
$1,000
$200
$1,000
$500
$2,400
$9,013
$965
$1,390
$0
$350
$175
$7,942	
$144,753	

Adopted	
Budget	
	FY 2023		

Actual	
Thru	
  7/31/2022		

Projected	
Next	
  2 Months		

Total	
Projected	
  9/30/2022		

 Description	

Revenues

Maintenance Assessments - On Roll	
Stormwater Fees	
Boat Storage Rental Fees	
Clubhouse Rentals	
Interest Income	
Revenue Fobs	
Insurance Claim	
Carry Forwared	

$407,719	
$57,950	
$14,400	
$4,800	
$500	
$0	
$0	
$0	

$323,386	
$61,181	
$11,348	
$6,315	
$2,654	
$3,011	
$0	
$0	

$0	
$0	
$5,952	
$0	
$1,000	
$0	
$0	
$0	

$323,386	
$61,181	
$17,300	
$6,315	
$3,654	
$3,011	
$0	
$0	

	

	

	

Total Revenues	$485,369	$407,894	$6,952	$414,846

Expenditures

Administrative	
Supervisor Fees	
FICA Taxes	
Engineering Fees	
Attorney Fees	
Property Appraiser	
Arbitrage Rebate	
Dissemination Agent	
Annual Audit	
Trustee Fees	
Management Fees	
Web Compliance	
Telephone	
Postage	
Printing & Binding	
Rentals & Leases	
General Liability Insurance	
Legal Advertising	
Other Current Charges	
Property Taxes	
Office Supplies	
Dues, Licenses & Subscriptions	
Tax Collector Commission fees	

$4,000	
$306	
$5,000	
$25,000	
$8,675	
$600	
$2,500	
$3,715	
$4,157	
$42,070	
$1,000	
$200	
$1,000	
$500	
$2,400	
$9,432	
$750	
$600	
$550	
$350	
$175	
$0	

$4,600	
$352	
$2,769	
$22,328	
$6,829	
$600	
$2,183	
$3,715	
$0	
$31,871	
$833	
$0	
$796	
$844	
$2,000	
$7,860	
$534	
$812	
$0	
$81	
$175	
$0	

$1,000	
$77	
$2,231	
$2,672	
$0	
$0	
$417	
$0	
$4,157	
$10,199	
$167	
$200	
$204	
$50	
$400	
$0	
$216	
$406	
$550	
$269	
$0	
$0	

$5,600	
$428	
$5,000	
$25,000	
$6,829	
$600	
$2,600	
$3,715	
$4,157	
$42,070	
$1,000	
$200	
$1,000	
$894	
$2,400	
$7,860	
$750	
$1,218	
$550	
$350	
$175	
$0	

	

	

	

	

	

	

	

	

Total Administrative	$112,979	$89,182	$23,214	$112,396

	
Amended	
Budget	
FY 2023	

$33,208
$0
$10,500
$2,664
$28,000
$14,550
$100,000
$1,535
$25,000
$30,000
$5,000
$1,000
$25,000
$1,000	
$277,457	

$5,600
$12,500
$6,000
$2,100
$19,800
$0
$0
$12,500
$89,040
$13,350
$11,753
$25,000
$300
$81,289	
$279,232	
	
$701,442	
	
($0)	

$0	
$0	
	
($0)	

River Place on the St. Lucie	
Community Development District	

Adopted	
Budget	
FY 2023	

Actual	
Thru	
7/31/2022	

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2022	

 Description	

Field	
Field Management	
Security Monitoring	
Utility - Electric Irrigation	
Water/Wastewater	
Environmental	
Aquatic Maintenance	
Landscape Maintenance	
Fertilization/Weed and Pest Control	
Irrigation & Fountain Maintenance	
Repairs & Maintenance	
Signage Maintenance	
Operating Supplies	
PSL Interlocal Agreement	
Contingency	

$26,604	
$5,000	
$10,000	
$0	
$42,000	
$14,550	
$100,000	
$1,535	
$20,000	
$30,000	
$5,000	
$1,000	
$25,000	
$1,000	

$19,591	
$6,236	
$8,334	
$0	
$46,572	
$10,825	
$73,270	
$1,151	
$10,475	
$11,488	
$0	
$600	
$18,750	
$4,056	

$739	
$0	
$1,667	
$0	
$5,000	
$1,820	
$26,730	
$384	
$4,525	
$8,512	
$5,000	
$400	
$6,250	
$3,000	

$20,330	
$6,236	
$10,001	
$0	
$51,572	
$12,645	
$100,000	
$1,535	
$15,000	
$20,000	
$5,000	
$1,000	
$25,000	
$7,056	

	

	

	

	

	

Total Field	$281,689	$211,348	$64,026	$275,375

Clubhouse 	
Security Monitoring	
Utility - Electric	
Water/Wastewater	
Telephone	
Property Insurance	
Rental Fee Commission	
Marketing Fees	
Clubhouse Cleaning	
Clubhouse Repairs	
Pool & Spa Maintenance	
Pool & Spa Repairs	
Propane Gas	
Trash	
Capital Outlay	

$0	
$12,000	
$6,000	
$2,100	
$19,800	
$0	
$0	
$0	
$12,500	
$12,000	
$0	
$25,000	
$300	
$1,000	

$0	
$8,682	
$6,592	
$1,930	
$16,500	
$2,767	
$987	
$0	
$11,077	
$15,377	
$0	
$29,422	
$0	
$15,164	

$0	
$1,736	
$1,318	
$380	
$0	
$0	
$0	
$0	
$2,000	
$2,100	
$0	
$1,000	
$0	
$50,000	

$0	
$10,418	
$7,910	
$2,310	
$16,500	
$2,767	
$987	
$0	
$13,077	
$17,477	
$0	
$30,422	
$0	
$65,164	

	

	

	

	

	

Total Clubhouse	$90,700		$108,496		$58,535		$167,031	
								
Total Expenditures	$485,369		$409,026		$145,775		$554,802	
								
EXCESS REVENUES (EXPENDITURES)	$0		($1,132)		($138,823)		($139,956)	
Other Financing Sources/(Uses)

Interfund Transfer In (Out) - Reserve funds	

$0		

$0		

$136,131		

$136,131	
TOTAL OTHER FINANCING SOURCES/(USES)	$0		$0		$136,131		$136,131	
								
Excess Revenues/(Expenditures)	$0		($1,132)		($2,692)		($3,825)	

River Place on the St Lucie CDD
Exhibit "A" Assessments Per Unit

	O&M	Debt	Service		

Description	Units/
Acres	Gross O&M
Per Unit	Total Gross
O&M	Unit -
Debt	Gross Debt
Per Unit	Total Gross
Debt - Series 2001 A	
Total	

Single Family								
Moss Rose Place	12	$913.62	$10,963.49	12	$479.00	$5,748.00	$16,711.49	
Moss Rose Place (Maronda)	12	$913.62	$10,963.49	12	$479.00	$5,748.00	$16,711.49	
Little Kayak Point - Phase 1	32	$913.62	$29,235.97	32	$479.00	$15,328.00	$44,563.97	
Little Kayak Point - Phase 2	38	$913.62	$34,717.71	38	$479.00	$18,202.00	$52,919.71	
Canoe Park Circle- Phase 1	72	$913.62	$65,780.93	72	$479.00	$34,488.00	$100,268.93	
Canoe Park Circle- Phase 2	78	$913.62	$71,262.67	76	$479.00	$36,404.00	$107,666.67	
Multi Family								
A - Bent Paddle	36	$913.62	$32,890.46	36	$299.00	$10,764.00	$43,654.46	
C- Little Turtle- (CDD owned)	0	$913.62		0	$299.00	$0.00	$0.00	
C- Little Turtle	52	$913.62	$47,508.45	52	$448.50	$23,322.00	$70,830.45	
E - Hawks Ridge	118	$913.62	$107,807.63	8	$512.54	$4,100.34	$111,907.97	
Office								
Parcel I	5.39	$1,059.40	$5,710.16	5.39	$2,114.82	$11,398.88	$17,109.04	
Institutional Parcel H & H1								
Woodlands	1	$720.85	$720.85	1	$2,379.02	$2,379.02	$3,099.87	
IR Bank	0.775	$720.85	$558.66	0.775	$2,379.02	$1,843.74	$2,402.40	
RP Partners	2.661	$720.85	$1,918.18	2.661	$2,379.02	$6,330.57	$8,248.75	
Commercial Parcel N	21.07	$650.43	$13,704.47	21.07	$830.78	$17,504.53	$31,209.00	
Gross Total	$433,743.11	$193,561.09	$627,304.20	

less discount 4%	$17,349.72		$7,742.44	$25,092.17	
less commission 2%	$8,674.86		$3,871.22	$12,546.08	
Net Total	$407,718.52		$181,947.42	$589,665.94	

property appraiser 2%	
$8,674.86		
$3,871.22	
$12,546.08	

Page 3

River Place on the St. Lucie	
Community Development District	

Allocation of Capital Reserves (1)

Description	Amount

Beginning Balance - Carry Forward Surplus (As of 9/30/2008)	$327,413

Additions:			
FY 2010 Excess of Revenues Over Expenditures	$2,026		
FY 2011 Excess of Revenues Over Expenditures	$429,084		
FY 2012 Excess of Revenues Over Expenditures	$640		
FY 2015 Excess of Revenues Over Expenditures	$419,053		
FY 2018 Excess of Revenues Over Expenditures		$179,773		$1,030,576 	

Subtractions:			
FY 2009 Deficiency of Revenues Under Expenditures	($126,154)		
FY 2013 Deficiency of Revenues Under Expenditures	($126,513)		
FY 2014 Deficiency of Revenues Under Expenditures	($61,248)		
FY 2016 Deficiency of Revenues Under Expenditures	($66,944)		
FY 2017 Deficiency of Revenues Under Expenditures	($202,270)		
FY 2019 Deficiency of Revenues Under Expenditures	($46,200)		
FY 2020 Deficiency of Revenues Under Expenditures	($125,964)		
FY 2021 Deficiency of Revenues Under Expenditures	($40,984)		
FY 2022 Deficiency of Revenues Under Expenditures		$0		($796,277)	

Total Projected Capital Reserve Funds as of 09/30/22	$561,713

(1) Per Resolution 2005-08 adopted on August 17, 2005, the Board of Supervisors shall make all decisions concerning	
the capital reserve account.	

REVENUES:

Maintenance Assessment-On Roll
The District will levy a non-ad valorem assessment on all platted property within the District in order to pay the Administrative expenses incurred during the fiscal year.

Maintenance Assessment-Direct
The District will levy a non-ad valorem assessment on one (1) platted property within the District in order to pay the Administrative expenses incurred during the fiscal year.

Storm Water Fee Assessment
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 services.

Rental Fees
Fees charged for Boat Storage.

User Fees
The District collects rental fees for various amenities including the Clubhouse.

Interest Income
The District will invest surplus funds with the State Board of Administration Investment Pool.

EXPENDITURES:

Administrative:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon all 5 supervisors attending the estimated four annual meetings.

FICA Taxes
Related payroll taxes of 7.65% for above.

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Property Appraiser
These are a percentage of the annual assessment; 2% for the tax collector and property appraiser.

Arbitrage Rebate
The District has contracted with independent certified public accountants, to annually calculate the District's Arbitrage Rebate Liability on Series 2001A/B Special Assessment Bonds. The amount is based on the current contract.

Dissemination
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.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees
The District issued Series 2001A/B Special Assessment Bonds that are deposited with a Trustee at US Bank. The annual trustee fee is based on 2 Basis Points plus reimbursable expenses.

Administrative: (continued)

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services. These services are further outlined in Exhibit "A" of the Management Agreement.

Website Compliance
Per Section 199.069 F.S., all Districts must have a website by October 1, 2015 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 as required by the Statute.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Rental & Leases
The District will be charged $200 per month for office rent from Governmental Management Services for the District's administrative office located in Fort Lauderdale.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc in a newspaper of general circulation.

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Property Taxes
Property Taxes for property owned by the District.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity of $175.

Field:

Field Management
The District currently contracts the operation of the Property and its contractors. The monthly fees are $26,604.

Security Motoring
The District has a contract with Securpoint Security System, Inc for alarm monitoring with Starlink and quarterly service from Johnson Controls Security for the pool gate access system; the total annual charge security maintenance is $2,692. Addition cost for replacement/repairs.

Field: (continued)

Electric
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

Based on previous year actual expenditures, $22,000 has been budgeted.

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

Aquatic Maintenance
The District is contracted with Wetlands Management Inc. for the monthly, semi-annual and yearly maintenance. Their services include:

-Control algae
-Treat torpedo grass
-Deaden cattail
-Control undesirable plant infestations
-Monthly Lake maintenance
-The L-107 canal maintenance
-Preserve Isolated Wetlands Maintenance
-Preserved Riverine and Creek Wetlands maintenance.

Landscaping 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 $13,600 contingency. The monthly maintenance services include:

-Grass mowing, trimming and edging
-Plant and tree trimming
-Weeding & Clearing
-Mulching
-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 and Fountain Maintenance
The District has contracted with BrightView to maintain and repair the irrigation system and Treasure Coast Aquatics to maintain 5 fountains.

Repairs & Maintenance
All general repairs and maintenance that the District should incur during the fiscal year. This amount is based on prior year's cost with the inclusion of caretaker labor.

Environmental
The line item is for preserve/plant maintenance and hog removal.

Signage Maintenance
Represents estimated cost for repairing or replacing street and amenities signage.

Field: (continued)

Operating Supplies
Purchase of supplies for the District's pool, club house, etc.

PSL 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.

Clubhouse

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

Telephone
AT&T telephone service at the clubhouse.

Property Insurance
Property and operational insurance for the District’s capital assets

Clubhouse Cleaning & Repairs
The District has contracted with companies for the monthly Clubhouse maintenance. The amount budgeted is $12,500, which also includes a contingency for miscellaneous repairs to the Clubhouse. Their services include:

-Damp mop all floors
-Clean 2 bathrooms inside
-Clean 2 bathrooms in pool area
-Wipe down cabinets and counters
-Sweep front & rear pool deck
-Spot clean upholstery when needed
-Miscellaneous repairs

Pool & Spa Maintenance

The District is contracted with Everclear Pool for the monthly maintenance at an annual cost of $8,100 with a contingency of $3,900. The monthly services include:

-Analyze Water
-Provide chemicals
-Brush side and floor of pool
-Clean tile and coping
-Vacuum pool
-Monitor and adjust heater
-Equipment checked and any problems reported.

Propane Gas
This expenditure is propane for the pool water heaters, SPA and BBQ tank.

Clubhouse (continued)

Trash
This item includes the cost of garbage disposal for the District.

Capital Outlay
Represents any new/replacement for infrastructure within the district.

Adopted	
Budget	
  FY 2023 	

 Description	

Revenues	
Carry forward surplus (1)	
Assessments - On Roll	
Interest Income	

Total Revenues

Expenditures

Actual	
Thru	
 7/31/2022 	

Projected	
Next	
 2 Months 	

Total	
Projected	
 9/30/2022 	

Amended	
Budget	
  FY 2023 	

$54,644

$38,507	$54,644	
$182,102	$183,315	
$0	$4	

$0	
$0	
$1	

$183,315

$220,610		$237,963	

$5

$1		$237,964	

$49,836	
$181,947	
$0	

$231,784

Debt Service Fund	
Series 2001, Special Assessment Revenue Bonds	

Series 2001A	
Interest - 11/1	
Interest - 5/1	
Principal - 5/1	
Special Call - 5/1	
Property Appraiser	

 	
$42,128	
$42,128	
$90,000	
$0	
$3,871	

	
$42,128	
$42,128	
$90,000	
$10,000	
$3,871	

	
($0)	
$0	
$0	
$0	
$0	

	
$42,128	
$42,128	
$90,000	
$10,000	
$3,871	

	
$38,316	
$38,316	
$95,000	
$0	
$3,871	

Total Expenditures	$178,127	$188,127	$0	$188,127	$175,502

Excess (deficiency) of revenues	
Over (under) expenditures	

	
Excess Revenues/(Expenditures)	$42,482	$49,835	
(1) Carry forward surplus is net of the reserve requirement and Series B is not included.	

$42,482	$49,835	$1	$49,836	$56,281

$1	$49,836	$56,281

$34,694	
$34,694	

11/01/23- 2001A Interest Payment

Amortization Schedule	
Series 2001A, Special Assessment Bonds	

     
	DATE	 	BALANCE	  RATE  	PRINCIPAL	 	INTEREST	 	TOTAL	

11/1/2022	$1,005,000.00	7.625%	$0.00	$38,315.63	$180,443.75	
5/1/2023	$1,005,000.00	7.625%	$95,000.00	$38,315.63	$0.00	
11/1/2023	$910,000.00	7.625%	$0.00	$34,693.75	$168,009.38	
5/1/2024	$910,000.00	7.625%	$100,000.00	$34,693.75	$0.00	
11/1/2024	$810,000.00	7.625%	$0.00	$30,881.25	$165,575.00	
5/1/2025	$810,000.00	7.625%	$110,000.00	$30,881.25	$0.00	
11/1/2025	$700,000.00	7.625%	$0.00	$26,687.50	$167,568.75	
5/1/2026	$700,000.00	7.625%	$120,000.00	$26,687.50	$0.00	
11/1/2026	$580,000.00	7.625%	$0.00	$22,112.50	$168,800.00	
5/1/2027	$580,000.00	7.625%	$130,000.00	$22,112.50	$0.00	
11/1/2027	$450,000.00	7.625%	$0.00	$17,156.25	$169,268.75	
5/1/2028	$450,000.00	7.625%	$140,000.00	$17,156.25	$0.00	
11/1/2028	$310,000.00	7.625%	$0.00	$11,818.75	$168,975.00	
5/1/2029	$310,000.00	7.625%	$150,000.00	$11,818.75	$0.00	
11/1/2029	$160,000.00	7.625%	$0.00	$6,100.00	$167,918.75	
5/1/2030	$160,000.00	7.625%	$160,000.00	$6,100.00	$166,100.00	
TOTAL	$1,005,000.00	$375,531.25	$1,522,659.38