Approved Budget 
Fiscal Year 2024 
May 3, 2023 
Ridgewood Trails Community 
Development District

General Fund
Budget Page 1-2 
Narrative Page 3-8 
Debt Service Fund 
Budget - Series 2007A Page 9 
Amortization Schedule - 2007A Page 10 
Capital Reserves 
Budget Page 11 
Ridgewood Trails 
Community Development District 
TABLE OF CONTENTS

Ridgewood Trails 
Community Development District General Fund 
Adopted Actual Projected Next Total Projected Approved 
Description Budget FY2023 thru 3/31/2023 6 Months thru 9/30/23 Budget FY2024 % Changes 
Revenues 
Assessments $554,270 $545,518 $8,765 $554,282 $629,764 14% 
Interest Earned/Misc. $200 $12,821 $120 $12,941 $2,000 900% 
Rental Revenue $500 $1,150 $1,200 $2,350 $2,200 340% 
Carryforward $0 $0 $19,466 $19,466 $0 
Total Revenues $554,970 $559,489 $29,551 $589,039 $633,964 14% 
Expenditures 
Administrative 
Supervisor Fees $8,000 $2,800 $3,000 $5,800 $8,000 0.0% 
FICA Expense $612 $214 $230 $444 $612 0.0% 
Engineering $3,000 $0 $1,500 $1,500 $3,000 0.0% 
Assessment Roll $5,260 $5,260 $0 $5,260 $5,576 6.0% 
Arbitrage $600 $0 $600 $600 $600 0.0% 
Dissemination $1,000 $500 $500 $1,000 $1,060 6.0% 
(1) Attorney $12,000 $10,461 $14,000 $24,461 $20,000 66.7% 
Annual Audit $3,190 $0 $3,190 $3,190 $3,270 2.5% 
Trustee $5,650 $4,436 $0 $4,436 $5,650 0.0% 
Management Fees $45,675 $22,838 $22,838 $45,675 $48,416 6.0% 
Information Technology $1,800 $900 $900 $1,800 $1,908 6.0% 
Website Maintenance $1,200 $600 $600 $1,200 $1,272 6.0% 
Telephone $350 $154 $170 $324 $350 0.0% 
Postage $800 $562 $150 $712 $800 0.0% 
Printing & Binding $1,500 $1,933 $684 $2,617 $1,500 0.0% 
Insurance $8,212 $7,358 $0 $7,358 $9,444 15.0% 
Legal Advertising $1,800 $1,246 $1,000 $2,246 $1,800 0.0% 
Other Current Charges $1,000 $9 $500 $509 $1,000 0.0% 
Office Supplies $250 $3 $97 $100 $100 -60.0% 
Dues, Licenses & Subscriptions $175 $175 $0 $175 $175 0.0% 
Administrative Expenses $102,074 $59,448 $49,958 $109,406 $114,532 
(1) Incorporates 4% annual increase to hourly rate since last rate adjustment. 
Amenity Center 
Insurance $19,505 $19,465 $0 $19,465 $29,198 49.7% 
Amenity Manager $63,600 $31,800 $31,800 $63,600 $67,416 6.0% 
Facility Assistant $5,000 $0 $2,500 $2,500 $5,000 0.0% 
General Facility Maintenance $11,500 $4,247 $6,085 $10,332 $12,190 6.0% 
Repair and Replacements $15,000 $16,983 $6,000 $22,983 $25,000 66.7% 
Lifeguards $17,344 $830 $16,513 $17,344 $18,385 6.0% 
Pool Maintenance $16,865 $8,433 $8,433 $16,865 $17,876 6.0% 
Pool Chemicals $12,640 $6,352 $7,465 $13,817 $17,798 40.8% 
Other Current Charges $1,000 $717 $783 $1,500 $0 -100.0% 
Water & Sewer $13,500 $5,893 $7,131 $13,024 $15,525 15.0% 
Electric $14,000 $7,166 $7,200 $14,366 $16,100 15.0% 
Internet/Cable $5,600 $2,920 $3,072 $5,992 $6,451 15.2% 
Janitorial $10,583 $5,292 $5,292 $10,583 $11,218 6.0% 
Janitorial Supplies $2,500 $1,001 $1,311 $2,312 $2,500 0.0% 
Security System $8,700 $5,819 $3,228 $9,047 $8,797 1.1% 
Refuse Service $2,500 $1,245 $1,290 $2,535 $2,709 8.4% 
Special Events $10,000 $1,433 $8,567 $10,000 $10,000 0.0% 
Pool Permit $382 $0 $375 $375 $382 0.0% 
Pest Control $1,000 $49 $902 $951 $1,000 0.0% 
Capital Reserve Transfer $35,525 $0 $35,525 $35,525 $38,680 8.9% 
Amenity Center Expenses $266,743 $119,645 $153,471 $273,116 $306,225 
1

Ridgewood Trails 
Community Development District General Fund 
Adopted Actual Projected Next Total Projected Approved 
Description Budget FY2023 thru 3/31/2023 6 Months thru 9/30/23 Budget FY2024 
Grounds Maintenance 
Operations Management $22,948 $11,474 $11,474 $22,948 $24,325 6.0% 
Access Cards $1,000 $0 $1,000 $1,000 $1,000 0.0% 
Electric $9,000 $6,854 $7,004 $13,859 $15,938 77.1% 
Water $8,300 $3,096 $3,394 $6,490 $8,300 0.0% 
Repairs & Maintenance $18,200 $5,659 $9,780 $15,439 $18,200 0.0% 
Landscape Maintenance $104,704 $61,752 $61,752 $123,504 $128,444 22.7% 
Landscape Contingency $10,000 $5,218 $4,996 $10,214 $0 -100.0% 
Lake Maintenance $12,000 $4,032 $4,032 $8,064 $12,000 0.0% 
Irrigation Repairs $0 $1,882 $3,118 $5,000 $5,000 N/A 
Grounds Maintenance Expenses $186,152 $99,966 $106,551 $206,517 $213,207 
Total Expenses $554,970 $279,059 $309,981 $589,039 $633,964 
EXCESS REVENUE/(EXPENDITURES) $0 $280,430 ($280,430) $0 $0 
$ Increase % Increase Product Type Units ERU's Gross Per Unit 
Total Gross 
Assessment 
$108.87 14% 50' 470 333.7 $ 908.19 $ 426,848.41 
$131.87 14% 60' 221 190.06 $ 1,100.06 $ 243,113.00 
691 523.76 $ 669,961.41 
Gross Assessment $ 669,961 
Less: Discounts and Collections (6%) $ 40,198 
Net Assessments $629,764 
2

Ridgewood Trails Debt Service Fund 
Community Development District Series 2007A 
Adopted Actual Projected Next Total Projected Approved 
Description Budget FY2023 thru 3/31/2023 6 Months thru 9/30/23 Budget FY2024 
Revenues 
Assessments $13,359 $13,148 $211 $13,359 $13,359 
Interest Earned $0 $294 $253 $547 $250 
Carry Forward $4,856 $4,748 $0 $4,748 $4,913 
Total Revenues $18,215 $18,190 $464 $18,654 $18,522 
Expenditures 
Interest 11/1 $3,814 $3,814 $0 $3,814 $3,673 
Interest 5/1 $3,814 $0 $3,814 $3,814 $3,673 
Principal 5/1 $5,000 $0 $5,000 $5,000 $5,000 
Total Expenditures $12,628 $3,814 $8,814 $12,628 $12,345 
Other Sources/(Uses) 
Interfund Transfer In/(Out) $0 ($1,113) $0 ($1,113) $0 
Total Other $0 ($1,113) $0 ($1,113) $0 
EXCESS REVENUES/(EXPENDITURES) $5,588 $13,263 ($8,350) $4,913 $6,177 
11/1/24 Interest $3,531 
Product Type Gross Per Unit Units Net Assessments $13,359 
50' $761 9 $6,850 Add: Discounts and Collections (6%) $852 
60' $920 8 $7,361 Gross Assessments $14,211 
17 $14,211 Assessable Units 17 
3

Ridgewood Trails 
Community Development District 
GENERAL FUND BUDGET 
REVENUES: 
Maintenance Assessments 
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating 
expenses for the Fiscal Year in accordance with the adopted budget. 
Interest Income/Miscellaneous Income 
The District will have all excess funds invested with the State Board of Administration. The amount is based upon the 
estimated average balance of funds available during the fiscal year. This line includes miscellaneous deposits for the 
district. 
Rental Revenue 
Income received from residents for rental of clubroom or patio. 
EXPENDITURES: 
Administrative: 
Supervisor Fees/FICA Expense 
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year plus 
associated payroll taxes. 
Engineering 
The District's engineering firm, England, Thims & Miller, Inc., will be providing general engineering services to the District, 
including attendance and preparation for monthly board meetings, review invoices, etc. 
Assessment Roll 
GMS, LLC serves as the District’s collection agent and certifies the District’s non-ad valorem assessments with the county 
tax collector. 
Arbitrage 
The District is required to have an annual arbitrage rebate calculation prepared for the District’s Series 2007A/B Special 
Assessment Bonds. 
Dissemination 
The Annual Disclosure Report required by the Security and Exchange Commission in order to comply with Rule 15(c)(2)- 
12(b)(5), which relates to additional reporting requirements for un-rated bond issues contracted with Governmental 
Management Services, LLC. 
Attorney 
The District's legal counsel, Kutak Rock LLP, will be providing general legal services to the District, including attendance 
and preparation for monthly meetings, preparation and review of agreements, resolutions, etc. 
4

Ridgewood Trails 
Community Development District 
GENERAL FUND BUDGET 
Annual Audit 
The District is required annually to conduct an audit of its financial records by an Independent CPA Firm. 
Trustee 
The District issued Series 2007A/B Special Assessment Bonds are held by a Trustee with US Bank, N.A. The amount of 
the trustee fee is based on the agreement between US Bank and the District for the Series 2007A/B bonds. 
Management Fees 
The District receives Management, Accounting and Administrative services as part of a Management Agreement with 
Governmental Management Services, LLC. 
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. contracted with Governmental 
Management Services, LLC. 
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. contracted with Governmental 
Management Services, LLC. 
Telephone 
This item includes the cost of a telephone and fax machine. 
Postage 
This item includes mailing checks , overnight deliveries, correspondence, etc. 
Printing & Binding 
Printing and Binding of computerized checks, invoices, stationary, envelopes etc. 
Insurance 
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance. 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 the Florida Times 
Union. 
Other Current Charges 
Bank charges, amortization schedule fees, and any other miscellaneous expenses. 
5

Ridgewood Trails 
Community Development District 
GENERAL FUND BUDGET 
Office Supplies 
This item includes the cost of miscellaneous office supplies. 
Dues, Licenses & Subscriptions 
The District is required to pay an annual fee to the Department of Community Affairs for $175. This is the only expense 
under this category for the District. 
Amenity Center 
Insurance 
The District's Property Insurance policy is with Egis Insurance & Risk Advisors. Egis specializes in providing insurance 
coverage to governmental agencies. 
Amenity Manager 
The District has contracted with Riverside Management Services to staff the amenity center and manage the day to day 
operations in accordance with their contract. 
Facility Assistant 
The District has contracted with Riverside Management Services to provide part-time staffing to supplement 
Amenity Manager. 
General Facility Maintenance 
Cost of routine repairs and maintenance to the Amenity Center. 
Repair and Replacements 
Represents any unanticipated cost associated with the operation and maintenance of the Districts Amenity Center such 
as replacing or repairing broken or worn out things around the facility such as broken gates, doors, holes in wall, painting 
etc. 
Lifeguards 
The District has contracted with Riverside Management Services, Inc. to provide lifeguard services during pool operation 
season. 
Pool Maintenance 
The District has contracted with Riverside Management Services, Inc. to provide pool maintenance services three (3) days 
a week. Services include vacuuming, skimming tiles, brushing tiles, pool and equipment inspections, cleaning of filters 
and any necessary emergency calls. 
Vendor Description Monthly Annually 
RMS Pool Maintenance $ 1,490 $ 17,876 
6

Ridgewood Trails 
Community Development District 
GENERAL FUND BUDGET 
Pool Chemicals 
Represents the estimated cost for chemicals utilized for the swimming pool at the Amenity Center for services provided 
by RMS. Also covers the cost for chemicals for the new pool for services provided by Poolsure. 
Water and Sewer 
This includes the cost of water and sewer for the Amenity Center provided by Clay County Utility Authority. 
Electric 
The item includes the cost of electricity for the Amenity Center Clay Electric Cooperative Inc. 
Internet/Cable 
The District has accounts with Comcast to provide cable television services for the Amenity Center. 
Janitorial 
The District has contracted with Riverside Management Services, Inc. to provide janitorial services for the Amenity 
Center. The services are 3 days per week and include sweeping and mopping floors if necessary, clean sinks, mirrors, 
fixtures, toilets and urinals, cleaning interior windows, baseboards, clean fitness equipment, remove trash and replace 
liners, clean pool deck. 
Janitorial Supplies 
All supplies needed for janitorial services of the Amenity Center. 
Vendor Description Monthly Annually 
Poolsure Pool Chemicals $ 1,244 $ 14,930 
RMS Pool Chemicals $ 104 $ 1,250 
Contingency $ 135 $ 1,618 
Total Pool Chemicals $ 1,483 $ 17,798 
Account # Address Monthly Annually 
00564735 1667 AZALEA RIDGE BLVD AMENITY CENTER $ 434 $ 5,205 
00517174 1667 AZALEA RIDGE BLVD AMENITY CENTER $ 139 $ 1,667 
00517175 1667 AZALEA RIDGE BLVD IRRIGATION $ 269 $ 3,224 
00517176 1667 AZALEA RIDGE BLVD RECLAIMED IRRIGATION $ 145 $ 1,743 
Contingency $ 307 $ 3,686 
Total Amenity Water $ 1,294 $ 15,525 
Account # Address Monthly Annually 
8874493 1667 AZALEA RIDGE BLVD $ 1,200 $ 14,400 
Contingency $ 142 $ 1,700 
Total Amenity Electric $ 1,342 $ 16,100 
Vendor Description Monthly Annually 
RMS Janitorial $ 935 $ 11,218 
7

Ridgewood Trails 
Community Development District 
GENERAL FUND BUDGET 
Security System 
Cost of services for security camera, access control system, and financing for security cameras. 
Refuse Services 
This item includes the cost of garbage disposal for the District. Contracted with Waste Pro. 
Special Events 
This item represents the estimated cost to host any special events for the community throughout the Fiscal Year. 
Pool Permit 
Represents Permit Fees paid to the Florida Department of Health for the swimming pool permits. 
Pest Control 
Annual service for pool bathrooms and fitness room. Services provided by Florida Pest Control. 
Capital Reserve 
Funding for new recreation projects. 
Grounds Maintenance: 
Operations Management 
The District is currently contracted with Riverside Management Services, Inc. to oversee the day to day operations of the 
Grounds in the CDD. 
Access Cards 
Represents the anticipated cost of access cards to the District’s Amenity Center. 
Electric 
The item includes the cost of electricity for the common area at Ridgewood Trails provided by Clay Electric Cooperative 
Inc. 
Vendor Description Monthly Annually 
Newlane Finance Secuirty Cameras $ 395 $ 4,741 
Vector Security Cameras $ 143 $ 1,715 
Hi-Tech System Assoc Access Control $ 195 $ 2,340 
Total $ 733 $ 8,797 
Account # Address Monthly Annually 
9065441 1799 AZALEA RIDGE BLVD NE CORNER SIGN $ 39 $ 468 
9011950 4214 WARM SPRINGS WAY SIGN LIGHTS IRRIG $ 37 $ 442 
9047502 4226 WARM SPRINGS WAY ENTRANCE SIGN $ 36 $ 430 
9047503 1595 AZALEA RIDGE BLVD POND FOUNTAIN $ 530 $ 6,363 
1560 AZALEA RIDGE BLVD POND FOUNTAIN $ 502 $ 6,020 
Contingency $ 185 $ 2,215 
Total Common Area Electric $ 1,328 $ 15,938 
8

Ridgewood Trails 
Community Development District 
GENERAL FUND BUDGET 
Water 
This includes the cost of water for the common area at Ridgewood Trails provided by Clay County Utility Authority. 
Repairs and Maintenance 
Represents the costs associated with any miscellaneous field maintenance of the District. 
Landscape Maintenance 
The District’s cost to provide landscaping services to all the common areas within the community. 
Landscape Contingency 
Other landscaping maintenance cost such as sod replacement, irrigation, and tree maintenance. 
Lake Maintenance 
The District’s cost to provide monthly water management services to all the lakes throughout the community. 
Irrigation Repairs 
The estimated cost to make repairs to the community’s irrigation system when damaged. 
Account # Address Monthly Annually 
00569294 1799-2 AZALEA RIDGE BLVD IRRIGATION $ 141 $ 1,697 
00560605 4214 WARM SPRINGS WAY $ 73 $ 875 
00579216 4458 WARM SPRINGS WAY $ 43 $ 516 
00579217 4355 WARM SPRINGS WAY $ 43 $ 516 
00579219 4268 WARM SPRINGS WAY $ 55 $ 656 
00567767 4164 FISHING CREEK LANE RECLAIMED $ 26 $ 311 
00567766 4166 GREEN RIVER PLACE RECLAIMED $ 26 $ 311 
00567764 1610 AZALEA RIDGE BLVD RECLAIMED $ 26 $ 311 
00567762 1601 AZALEA RIDGE ROAD RECLAIMED $ 26 $ 311 
00567760 3891 BRONCO ROAD RECLAIMED $ 26 $ 311 
00567759 4217 PACKER MEADOW WAY RECLAIMED $ 26 $ 311 
Contingency $ 181 $ 2,177 
Total Reclaim Water $ 692 $ 8,300 
Vendor Monthly Annually 
Brightview Landcape Services $ 10,704 $ 128,444 
Vendor Monthly Annually 
The Lake Doctors Inc $ 762 $ 9,144 
Contingency $ 238 $ 2,856 
Total $ 1,000 $ 12,000 
9

Ridgewood Trails Amortization Schedule 
Community Development District Series 2007A, Capital Improvement Revenue Bonds 
DATE BALANCE RATE PRINCIPAL INTEREST TOTAL 
11/01/23 $ 130,000 5.65% $ - $ 3,672.50 $ 3,672.50 
05/01/24 $ 130,000 5.65% $ 5,000.00 $ 3,672.50 
11/01/24 $ 125,000 5.65% $ - $ 3,531.25 $ 12,203.75 
05/01/25 $ 125,000 5.65% $ 5,000.00 $ 3,531.25 
11/01/25 $ 120,000 5.65% $ - $ 3,390.00 $ 11,921.25 
05/01/26 $ 120,000 5.65% $ 5,000.00 $ 3,390.00 
11/01/26 $ 115,000 5.65% $ - $ 3,248.75 $ 11,638.75 
05/01/27 $ 115,000 5.65% $ 5,000.00 $ 3,248.75 
11/01/27 $ 110,000 5.65% $ - $ 3,107.50 $ 11,356.25 
05/01/28 $ 110,000 5.65% $ 5,000.00 $ 3,107.50 
11/01/28 $ 105,000 5.65% $ - $ 2,966.25 $ 11,073.75 
05/01/29 $ 105,000 5.65% $ 10,000.00 $ 2,966.25 
11/01/29 $ 95,000 5.65% $ - $ 2,683.75 $ 15,650.00 
05/01/30 $ 95,000 5.65% $ 10,000.00 $ 2,683.75 
11/01/30 $ 85,000 5.65% $ - $ 2,401.25 $ 15,085.00 
05/01/31 $ 85,000 5.65% $ 10,000.00 $ 2,401.25 
11/01/31 $ 75,000 5.65% $ - $ 2,118.75 $ 14,520.00 
05/01/32 $ 75,000 5.65% $ 10,000.00 $ 2,118.75 
11/01/32 $ 65,000 5.65% $ - $ 1,836.25 $ 13,955.00 
05/01/33 $ 65,000 5.65% $ 10,000.00 $ 1,836.25 
11/01/33 $ 55,000 5.65% $ - $ 1,553.75 $ 13,390.00 
05/01/34 $ 55,000 5.65% $ 10,000.00 $ 1,553.75 
11/01/34 $ 45,000 5.65% $ - $ 1,271.25 $ 12,825.00 
05/01/35 $ 45,000 5.65% $ 10,000.00 $ 1,271.25 
11/01/35 $ 35,000 5.65% $ - $ 988.75 $ 12,260.00 
05/01/36 $ 35,000 5.65% $ 10,000.00 $ 988.75 
11/01/36 $ 25,000 5.65% $ - $ 706.25 $ 11,695.00 
05/01/37 $ 25,000 5.65% $ 10,000.00 $ 706.25 
11/01/37 $ 15,000 5.65% $ - $ 423.75 $ 11,130.00 
05/01/38 $ 15,000 5.65% $ 15,000.00 $ 423.75 
$ 15,423.75 
Total $ 130,000.00 $ 67,800.00 $ 197,800.00 
10

Ridgewood Trails Capital Reserve 
Community Development District 
Adopted Actual Projected Next Total Projected Approved 
Description Budget FY2023 thru 3/31/2023 6 Months thru 9/30/23 Budget FY2024 
Revenues 
Capital Reserve -Transfer In $35,525 $0 $35,525 $35,525 $38,680 
Interest Earned $250 $1,567 $300 $1,867 $900 
Carry Forward $180,647 $179,577 $0 $179,577 $182,569 
Total Revenues $216,422 $181,144 $35,825 $216,969 $222,149 
Expenditures 
Capital Outlay $60,000 $0 $30,000 $30,000 $60,000 
Amenity Improvement Project $4,500 $0 $0 $0 $0 
Other Current Charges $600 $0 $300 $300 $600 
Repair & Maintenance $10,000 $1,512 $2,588 $4,100 $10,000 
Total Expenditures $75,100 $1,512 $32,888 $34,400 $70,600 
EXCESS REVENUES/(EXPENDITURES) $141,322 $179,633 $2,937 $182,569 $151,549 
11