Ridgewood Trails
Community Development District

Approved Budget
FY 2027
May 6, 2026

Table of Contents

1-2

3-6

7-8

9

	General Fund

	Narratives

	Debt Service Fund Series 2007

	Capital Reserve Fund

10		Assessment Schedule

REVENUES:

Special Assessments - On Roll	$664,302	$655,473	$8,829	$664,302	$676,134	
Interest/Miscellaneous Income	12,000	9,427	8,000	17,427	12,000	
Rental Revenue	3,686	4,950	2,600	7,550	5,000	
Carry Forward Surplus	-	-	-	-	-	
TOTAL REVENUES	$679,988	$669,850	$19,429	$689,279	$693,134	

EXPENDITURES:						
Administrative:						
Supervisor Fees	$8,000	$2,800	$3,000	$5,800	$8,000	
FICA Taxes	612	214	230	444	612	
Engineer	3,200	-	3,200	3,200	3,840	
Attorney	20,000	3,194	10,806	14,000	20,000	
Annual Audit	3,380	-	3,380	3,380	3,600	
Assessment Administration	5,854	5,854	-	5,854	6,205	
Arbitrage Rebate	600	-	600	600	600	
Dissemination Agent	1,180	590	590	1,180	1,251	
Trustee Fees	4,434	4,718	-	4,718	4,800	
District Management Fees	53,886	26,943	26,943	53,886	57,119	
Information Technology	2,003	1,002	1,002	2,003	2,123	
Website Maintenance	1,336	668	668	1,336	1,416	
Telephone	350	105	245	350	350	
Postage & Delivery	800	132	668	800	1,500	
General Liability and Public Officials Insurance	9,301	8,763	-	8,763	9,640	
Printing & Binding	1,000	166	834	1,000	1,200	
Legal Advertising	1,800	200	1,001	1,200	1,800	
Other Current Charges	907	487	480	967	1,000	
Office Supplies	100	102	5	107	100	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$118,919	$56,113	$53,650	$109,763	$125,332	

Operations & Maintenance						
Amenity Center						
Property Insurance	$17,635	$15,283	$-	$15,283	$17,635	
Amenity Manager	45,020	22,510	22,510	45,020	47,721	
Facility Assistant	7,500	-	5,800	5,800	7,500	
General Facility Maintenance	12,190	4,791	7,399	12,190	13,409	
Repair and Replacements	30,000	13,312	16,688	30,000	30,000	
Lifeguards	20,462	1,274	19,188	20,462	21,485	
Pool Maintenance	20,845	12,398	11,043	23,441	22,617	
Pool Chemicals	18,647	4,247	14,400	18,647	18,647	
Water & Sewer	13,000	4,422	7,000	11,422	15,000	
Electric	16,100	7,323	8,185	15,508	17,000	
Internet/Cable	7,980	3,066	1,896	4,962	3,840	
ESPN	-	555	1,110	1,665	2,220	
Janitorial	12,486	6,243	6,243	12,486	13,235	
Janitorial Supplies	2,500	631	1,869	2,500	2,500	
Security System	8,647	5,230	3,481	8,711	8,733	
Refuse Service	3,180	1,702	1,740	3,442	3,600	
Special Events	5,000	2,957	2,043	5,000	5,000	
Pool Permit	475	-	475	475	475	
Pest Control	1,200	565	575	1,140	1,200	
Access Cards	750	-	750	750	750	
Contingency	-	-	5,000	5,000	-	
Total Amenity Center	$243,617	$106,510	$137,395	$243,905	$252,567	

Grounds Maintenance						
Operations Management	$27,074	$13,537	$13,537	$27,074	$28,698	
Electric	3,000	1,368	1,500	2,868	3,200	
Water	8,300	6,103	6,000	12,103	16,500	
Repairs & Maintenance	20,000	16,602	16,800	33,402	35,000	
Landscape Maintenance	143,582	64,222	64,222	128,444	143,582	
Lake Maintenance	9,020	4,260	4,152	8,412	11,400	
Irrigation Repairs	3,000	-	3,000	3,000	3,000	
Contingency	-	-	5,000	5,000	-	
Total Grounds Maintenance	$213,976	$106,092	$114,211	$220,303	$241,380	
						
TOTAL EXPENDITURES	$576,512	$268,714	$305,257	$573,970	$619,278	

Other Sources and (Uses)						
Capital Reserve Transfer Out	$(51,651)	$(51,651)	$-	(51,651)	$(73,856)	
Capital Reserve Transfer increase	(51,825)	(51,825)	-	(51,825)	-	
Total Other Sources and (Uses)	$(103,476)	$(103,476)	$-	$(103,476)	$(73,856)	

Other Sources/(Uses)						
Transfer In/(Out)	-	-	-	-	-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
EXCESS REVENUES (EXPENDITURES)	$-	$297,660	$(285,828)	$11,832	$-	

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.

Interest/Miscellaneous Income
The District earns interest on the monthly average collected balance for each of their investment accounts.
Rentals Revenues
Income received from residents for rental of clubroom or patio.

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 6 meetings with additional meetings if needed.
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.
District Engineering Fees
The District's engineer, Alliant Engineering, Inc., 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, Kutak Rock LLP, 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.
Assessment Roll Administration
GMS, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.
Arbitrage Rebate
The District is required to have an annual arbitrage rebate calculation prepared for the District’s Series 2007A/B Special Assessment Bonds.
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.
District Management Fees
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.
Information Technology
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by GMS, 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, LLC and updated monthly.
Telephone
New 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.

Expenditures - Administrative (continued)

General Liability and Public Officials Insurance
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.
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.
Bank Fees and Other Charges
This includes monthly bank charges and any 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 – Amenity Center

Property 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	Annual	
RMS	Pool Maintenance	$1,885	$22,617	
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 Hawkins.
Vendor	Description	Monthly	Annual
Hawkins	Pool Chemicals	$1,294	$15,525
RMS	Pool Chemicals		$125	$1,500 Contingency			$135	$1,622 
Total	$1,554	$18,647

Water and Sewer
This includes the cost of water and sewer for the Amenity Center provided by Clay County Utility Authority.
Account#	Address	Monthly	Annual	
00564735	1667 Azalea Ridge Blvd Amenity Center	$680	$8,160	
00517174	1667 Azalea Ridge Blvd Amenity Center	$150	$1,800	
00517175	1667 Azalea Ridge Blvd Irrigation	$65	$780	
00517176	1667 Azalea Ridge Blvd Recl Irrigation	$55	$660	
	Contingency	$300	$3,600	
	Total	$1,250	$15,000	
Electric
The item includes the cost of electricity for the Amenity Center Clay Electric Cooperative Inc.
Account#	Address	Monthly	Annual	
8874493	1667 Azalea Ridge Blvd	$1,225	$14,700	
	Contingency	$192	$2,300	
	Total	$1,417	$17,000	
Internet/Cable
The District has accounts with Comcast to provide cable television services for the Amenity Center.
ESPN
The District provides ESPN in 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.
Vendor	Description	Monthly	Annual	
RMS	Janitorial	$1,103	$13,235	
Janitorial Supplies
All supplies needed for janitorial services of the Amenity Center.
Security System
Cost of services for security camera, access control system, and financing for security cameras.
Vendor	Description	Monthly	Annual	
Newlane Finance	Security Cameras	$395	$4,741	
Vector Security	Cameras	$150	$1,801	
Hi-Tech System	Access Control+Cloud	$40	$480	
Hi-Tech System	Cloud Access	$130	$1,560	
FUSUS	Real Time Crime Ctr		$13	$150 
Total	$728	$8,733
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.
Access Cards
Represents the anticipated cost of access cards to the District’s Amenity Center.
Capital Reserve
Funding for new recreation projects.

Budget Narrative

Expenditures - Ground 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.
Electric
The item includes the cost of electricity for the common area at Ridgewood Trails provided by Clay Electric Cooperative Inc.
Account#	Address	Monthly	Annual	
9065441	1799 Azalea Ridge Blvd Ne Corner Sign	$55	$660	
9011950	4214 Warm Springs Way Sign Lights Irrig	$50	$600	
9047502	4226 Warm Springs Way Entrance Sign	$50	$600	
9047503	1595 Azalea Ridge Blvd Pond Fountain	$50	$600	
	Contingency	$62	$740	
	Total	$267	$3,200	
Water
This includes the cost of water for the common area at Ridgewood Trails provided by Clay County Utility Authority.
Account#	Address	Monthly	Annual	
00569294	1799-2 Azalea Ridge Blvd Irrigation	$850	$10,200	
00560605	4214 Warm Springs Way	$55	$660	
00579216	4458 Warm Springs Way	$55	$660	
00579217	4355 Warm Springs Way	$55	$660	
00579219	4268 Warm Springs Way	$55	$656	
00567767	4164 Fishing Creek Lane Reclaimed	$35	$420	
00567766	4166 Green River Place Reclaimed	$35	$420	
00567764	1610 Azalea Ridge Blvd Reclaimed	$35	$420	
00567762	1601 Azalea Ridge Road reclaimed	$35	$420	
00567760	3891 Bronco Road Reclaimed	$35	$420	
00567759	4217 Packer Meadow Way Reclaimed	$35	$420	
	Contingency	$95	$1,144	
	Total	$1,375	$16,500	
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. Contingency amount for cost such as sod replacement and tree maintenance.
Vendor	Description	Monthly	Annual	
Brightview	Landscape service	$11,132	$133,582	
Brightview	Contingency	$833	$10,000	
	Total	$11,965	$143,582	
Lake Maintenance
The District’s cost to provide monthly water management services to all the lakes throughout the community.
Vendor	Description	Monthly	Annual

Irrigation Repairs

The Lake Doctor Inc

	$950	$11,400 
Total	$950	$11,400

The estimated cost to make repairs to the community’s irrigation system when damaged.

Approved Budget
Debt Service Series 2007 Capital Improvement Revenue Bonds

Description

Adopted Budget
FY2026

Actuals Thru	Projected Next  Projected Thru

3/31/26

	6 Months	

9/30/26

Approved Budget
FY 2027

REVENUES:

Special Assessments-On Roll	$13,359	$13,181	$178	$13,359	$13,359	
Interest Earnings	600	397	300	697	600	
Carry Forward Surplus (1)	8,264	$7,887	-	7,887	10,163	
TOTAL REVENUES	$22,223	$21,466	$478	$21,943	$24,122	

EXPENDITURES:						
Interest 11/1	$3,390	$3,390	$-	$3,390	$3,249	
Interest 5/1	3,390	-	3,390	3,390	3,249	
Principal 5/1	5,000	-	5,000	5,000	5,000	
TOTAL EXPENDITURES	$11,780	$3,390	$8,390	$11,780	$11,498	

Other Sources/(Uses)						

Interfund transfer In/(Out)	
$-	
$-	
$-	
$-	
$-	
TOTAL OTHER SOURCES/(USES)	$-	$-	$-	$-	$-	
						
TOTAL EXPENDITURES	$11,780	$3,390	$8,390	$11,780	$11,498	
						
EXCESS REVENUES (EXPENDITURES)	$10,443	$18,076	$(7,912)	$10,163	$12,624	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/27

$3,108

AMORTIZATION SCHEDULE
Debt Service Series 2007 Capital Improvement Revenue Bonds

Period

Outstanding Balance

Coupons

Principal

Interest

Annual Debt Service

11/01/26	115,000	5.650%	-	3,249	3,248.75	
05/01/27	115,000	5.650%	5,000	3,249		
11/01/27	110,000	5.650%	-	3,108	11,356.25	
05/01/28	110,000	5.650%	5,000	3,108		
11/01/28	105,000	5.650%	-	2,966	11,073.75	
05/01/29	105,000	5.650%	10,000	2,966		
11/01/29	95,000	5.650%	-	2,684	15,650.00	
05/01/30	95,000	5.650%	10,000	2,684		
11/01/30	85,000	5.650%	-	2,401	15,085.00	
05/01/31	85,000	5.650%	10,000	2,401		
11/01/31	75,000	5.650%	-	2,119	14,520.00	
05/01/32	75,000	5.650%	10,000	2,119		
11/01/32	65,000	5.650%	-	1,836	13,955.00	
05/01/33	65,000	5.650%	10,000	1,836		
11/01/33	55,000	5.650%	-	1,554	13,390.00	
05/01/34	55,000	5.650%	10,000	1,554		
11/01/34	45,000	5.650%	-	1,271	12,825.00	
05/01/35	45,000	5.650%	10,000	1,271		
11/01/35	35,000	5.650%	-	989	12,260.00	
05/01/36	35,000	5.650%	10,000	989		
11/01/36	25,000	5.650%		706	11,695.00	
05/01/37	25,000	5.650%	10,000	706		
11/01/37	15,000	5.650%	-	424	11,130.00	
05/01/38	15,000	5.650%	15,000	424	15,423.75	
Total			$115,000	$46,613	$161,613	

Adopted
Budget	Actuals Thru	Projected Next Projected Thru

Approved Budget

Approved Budget Capital Reserve Fund

Description	FY2026	3/31/26		6 Months		9/30/26	FY 2027	
REVENUES:						
Interest Income	$6,000	$3,943	$4,440	$8,383	$7,000	
Carry Forward Balance	207,334	208,612	-	208,612	308,087	
TOTAL REVENUES	$213,334	$212,555	$4,440	$216,995	$315,087	

EXPENDITURES:						
Capital Outlay	$30,000	$-	$-	$-	$30,000	
Other Current Charges	500	263	360	623	650	
Repair & Maintenance	30,000	1,761	10,000	11,761	30,000	
TOTAL EXPENDITURES	$60,500	$2,023	$10,360	$12,383	$60,650	

Other Sources/(Uses)						
Transfer in/(Out)	$103,476	$103,476	$-	$103,476	$73,856	
TOTAL OTHER SOURCES/(USES)	$103,476	$103,476	$-	$103,476	$73,856	
						
EXCESS REVENUES (EXPENDITURES)	$256,310	$314,007	$(5,920)	$308,087	$328,293	

Ridgewood Trails
Community Development District
Non-Ad Valorem Assessments Comparison 2026-2027

Neighborhood	O&M Units	Bonds 2007
Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	Increase/ (decrease)	

50	

470	

9	

$963.05	

$963.05	

$0.00	

$761.14	

$761.14	

$0.00	

$1,724.19	

$1,724.19	

$0.00	
60	221	8	$1,149.65	$1,149.65	$0.00	$920.15	$920.15	$0.00	$2,069.80	$2,069.80	$0.00	
Total	691	17