Riverwalk
Community Development District

Proposed Budget
FY2027

Table of Contents

1-2

3-6

7

8-9

10

11-12

13

14-15

	General Fund

	General Fund Narrative

	Debt Service Fund - Series 2024

	Series 2024 Amortization Schedule

	Debt Service Fund - Series 2025

	Series 2025 Amortization Schedule

	Debt Service Fund - Series 2025A

	Series 2025A Amortization Schedule

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027	

Revenues						
Assessments - Tax	$	479,024	$	436,370	$	42,653	$	479,024	$	834,632	
Developer Contributions	$	426,545	$	59,719	$	216,630	$	276,349	$	81,738	
Boundary Amendment Contribution	$	-	$	4,706	$	-	$	4,706	$	-	
Stormwater Contributions	$	-	$	2,542	$	-	$	2,542	$	-	
Interest	$	-	$	1,063	$	-	$	1,063	$	-	
Total Revenues	$	905,569	$	504,401	$	259,283	$	763,684	$	916,370	

Expenditures						
General & Administrative						
Supervisor Fees	$	12,000	$	-	$	-	$	-	$	12,000	
FICA Expenditures	$	918	$	-	$	-	$	-	$	918	
Engineering	$	13,000	$	4,687	$	6,500	$	11,187	$	13,000	
Attorney	$	25,000	$	4,525	$	12,500	$	17,025	$	25,000	
Annual Audit	$	4,100	$	6,000	$	-	$	6,000	$	7,500	
Assessment Administration	$	5,408	$	5,408	$	-	$	5,408	$	5,570	
Arbitrage	$	900	$	450	$	450	$	900	$	1,350	
Dissemination	$	6,000	$	3,250	$	3,498	$	6,748	$	7,210	
Disclosure Software	$	5,000	$	1,625	$	-	$	1,625	$	5,000	
Trustee Fees	$	8,892	$	2,477	$	6,415	$	8,892	$	13,339	
Management Fees	$	43,775	$	21,888	$	21,888	$	43,775	$	45,088	
Information Technology	$	1,947	$	974	$	973	$	1,947	$	2,005	
Website Maintenance	$	1,298	$	649	$	649	$	1,298	$	1,337	
Telephone	$	150	$	-	$	50	$	50	$	150	
Postage & Delivery	$	1,000	$	42	$	250	$	292	$	1,000	
Insurance	$	6,584	$	5,732	$	-	$	5,732	$	6,305	
Copies	$	500	$	12	$	50	$	62	$	500	
Legal Advertising	$	6,850	$	4,162	$	6,243	$	10,405	$	6,850	
Contingencies	$	2,500	$	215	$	135	$	350	$	2,500	
Boundary Amendment Expenses	$	-	$	4,706	$	-	$	4,706	$	-	
Office Supplies	$	250	$	2	$	50	$	52	$	250	
Travel Per Diem	$	500	$	-	$	250	$	250	$	500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative Expenditures	$	146,746	$	66,977	$	59,901	$	126,878	$	157,547	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027	

Field Operations							
Field Management		$	16,223	$	8,112	$	8,111	$	16,223	$	16,710	
Property Insurance		$	8,000	$	4,492	$	-	$	4,492	$	8,000	
Electric		$	25,000	$	3,101	$	6,318	$	9,419	$	10,000	
Electric - Fountain		$	225,600	$	43,508	$	54,228	$	97,736	$	140,000	
Streetlights		$	108,000	$	49,799	$	69,714	$	119,513	$	118,000	
Water & Sewer		$	9,500	$	-	$	4,750	$	4,750	$	9,500	
Landscape Maintenance		$	225,000	$	141,363	$	91,248	$	232,611	$	300,000	
Landscape Contingencies		$	50,000	$	39,840	$	25,000	$	64,840	$	50,000	
Irrigation Repairs		$	5,500	$	14,539	$	7,270	$	21,809	$	12,500	
Lake Maintenance		$	25,000	$	11,550	$	11,550	$	23,100	$	47,500	
Monument Fountain Maintenance		$	10,000	$	6,635	$	10,400	$	17,035	$	10,000	
Pond Fountain Maintenance		$	33,500	$	-	$	-	$	-	$	20,000	
Repairs & Maintenance		$	7,500	$	6,079	$	3,750	$	9,829	$	7,500	
Contingency		$	10,000	$	10,449	$	5,000	$	15,449	$	9,113	
Total Field Expenditures		$	758,823	$	339,467	$	297,339	$	636,805	$	758,823	
							
Total Expenditures		$	905,569	$	406,444	$	357,240	$	763,684	$	916,370	
							
Excess Revenues/(Expenditures)		$	-	$	97,957	$	(97,957)	$	-	$	-	
							
Product Type	ERU	Assessable Units	Total ERU	Net Assessment	Net Per Unit	Gross Per Unit	
Townhouse	0.4	236	94.4	$79,972.82	$338.87	$360.50	
Bungalow - 34'	0.68	350	238.00	$201,626.40	$576.08	$612.85	
Bungalow - 40'	0.8	257	205.60	$174,178.10	$677.74	$721.00	
Single Family - 50'	1	290	290	$245,679.23	$847.17	$901.24	
Single Family - 60'	1.2	131	157.2	$133,175.08	$1,016.60	$1,081.49	
		1264	985.20	$834,631.63			

Revenues:

Assessments

The District will levy a non-ad valorem assessment on all the assessable property within the District to pay for operating expenditures during the fiscal year.

Developer Contribution

The District will enter into a funding agreement with the Developer to fund the General Fund expenditures for the Fiscal Year.

Expenditures:

General & Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed
$4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

FICA Expenditures

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering

The District's engineer, Donald W. McIntosh Associates, Inc., provides general engineering services to the District, e.g., attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel, Kutak Rock, LLP, provides general legal services to the District, e.g., attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis. The District is currently contracted with Grau & Associates for these services.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District has contracted with AMTEC to annually calculate the District’s Arbitrage Rebate Liability on Series 2024, 2025 and 2025A bond issuance.

Dissemination

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b)(5) which relates to additional reporting requirements for unrated bond issues. This cost with Governmental Management Services – Central Florida, LLC is based upon its Series 2024 and Series 2025 issued bonds.

Disclosure Software

The District has contracted with DTS to provide software platform for filing various reports required in accordance with the Continuing Disclosure Agreements for the various bond issue(s).

Trustee Fees

The District pays annual trustee fees for the series 2024 and 2025 bonds to USBank.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc. Governmental Management Services – Central Florida, LLC provides these systems.

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. Governmental Management Services – Central Florida, LLC provides these services.

Telephone

Represents cost for telephone and fax machine.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverage is provided by the Florida Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Copies

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

Legal Advertising

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

Contingencies

Bank charges and any other miscellaneous expenses incurred during the year.

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Travel Per Diem

The Board of Supervisors can be reimbursed for travel expenditures related to the conducting of District business.

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Field Expenditures:

Field Management

Represents the estimated costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections,
meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Property Insurance

The District’s property insurance coverages with Florida Insurance Alliance.

Electric

Represents the cost for electric charges of common areas throughout the District.

Electric - Fountain

Represents 12 current fountains and estimated electric charges throughout the District. Expected increase to a total of 18 fountains in the year.

Streetlights

Encompasses the budgeted amount for the District’s decorative light poles and fixtures in various locations.

Water & Sewer

Represents estimated costs for water and refuse services provided for common areas throughout the District.

Landscape Maintenance

Represents the cost of maintenance of the landscaping within the common areas of the District after the installation of landscape material has been completed.

Landscape Contingencies

Represents the cost of replacing landscaping within the common areas of the District.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

Lake Maintenance

Represents the costs of maintaining the lake for the District.

Monument Fountain Maintenance

Represents the costs for repairs and maintenance of the monument fountain.

Pond Fountain Maintenance

Represents costs for repairs and maintenance of the pond fountain.

Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Proposed Budget
Series 2024 Debt Service Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027	

Revenues						
Special Assessments	$	388,740	$	354,125	$	34,615	$	388,740	$	388,740	
Interest	$	8,000	$	5,908	$	1,477	$	7,384	$	3,692	
Carry Forward	$	164,334	$	173,940	$	-	$	173,940	$	177,740	
Total Revenues	$	561,074	$	533,973	$	36,091	$	570,064	$	570,173	

Expenditures						
Interest Expense - 11/1	$	153,431	$	153,431	$	-	$	153,431	$	151,571	
Principal Expense - 5/1	$	80,000	$	-	$	80,000	$	80,000	$	85,000	
Interest Expense - 5/1	$	155,291	$	-	$	155,291	$	155,291	$	151,571	
Total Expenditures	$	388,723	$	153,431	$	235,291	$	388,723	$	388,143	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	-	$	(3,601)	$	-	$	(3,601)	$	-	
Total Other Financing Sources/(Uses)	$	-	$	(3,601)	$	-	$	(3,601)	$	-	
						
Excess Revenues/(Expenditures)	$	172,351	$	376,940	$	(199,200)	$	177,740	$	182,030	

*Carry forward less amount in Reserve funds.						
Interest Expense 11/1/27	 $	149,595 

Total

$	149,595

Product	
Assessable Units	Total Net Assessments	Net Assessment Per Unit	Gross Assessment Per Unit	
Townhouse	64	$	38,271	$	597.98	$	636.15	
Bungalow - 34'	140	$	111,624	$	797.31	$	848.21	
Bungalow - 40'	17	$	13,554	$	797.31	$	848.21	
Single Family - 50'	102	$	139,779	$	1,370.38	$	1,457.85	
Single Family - 60'	52	$	85,512	$	1,644.46	$	1,749.42	
	375	$	388,740			

Date		Balance		Prinicpal		Interest		Total	
									
11/01/26	$	5,425,000.00	$	-	$	151,571.25	$	385,002.50	
05/01/27	$	5,425,000.00	$	85,000.00	$	151,571.25			
11/01/27	$	5,340,000.00	$	-	$	149,595.00	$	386,166.25	
05/01/28	$	5,340,000.00	$	90,000.00	$	149,595.00			
11/01/28	$	5,250,000.00	$	-	$	147,502.50	$	387,097.50	
05/01/29	$	5,250,000.00	$	95,000.00	$	147,502.50			
11/01/29	$	5,155,000.00	$	-	$	145,293.75	$	387,796.25	
05/01/30	$	5,155,000.00	$	100,000.00	$	145,293.75			
11/01/30	$	5,055,000.00	$	-	$	142,968.75	$	388,262.50	
05/01/31	$	5,055,000.00	$	105,000.00	$	142,968.75			
11/01/31	$	4,950,000.00	$	-	$	140,527.50	$	388,496.25	
05/01/32	$	4,950,000.00	$	110,000.00	$	140,527.50			
11/01/32	$	4,840,000.00	$	-	$	137,502.50	$	388,030.00	
05/01/33	$	4,840,000.00	$	115,000.00	$	137,502.50			
11/01/33	$	4,725,000.00	$	-	$	134,340.00	$	386,842.50	
05/01/34	$	4,725,000.00	$	120,000.00	$	134,340.00			
11/01/34	$	4,605,000.00	$	-	$	131,040.00	$	385,380.00	
05/01/35	$	4,605,000.00	$	130,000.00	$	131,040.00			
11/01/35	$	4,475,000.00	$	-	$	127,465.00	$	388,505.00	
05/01/36	$	4,475,000.00	$	135,000.00	$	127,465.00			
11/01/36	$	4,340,000.00	$	-	$	123,752.50	$	386,217.50	
05/01/37	$	4,340,000.00	$	145,000.00	$	123,752.50			
11/01/37	$	4,195,000.00	$	-	$	119,765.00	$	388,517.50	
05/01/38	$	4,195,000.00	$	150,000.00	$	119,765.00			
11/01/38	$	4,045,000.00	$	-	$	115,640.00	$	385,405.00	
05/01/39	$	4,045,000.00	$	160,000.00	$	115,640.00			
11/01/39	$	3,885,000.00	$	-	$	111,240.00	$	386,880.00	
05/01/40	$	3,885,000.00	$	170,000.00	$	111,240.00			
11/01/40	$	3,715,000.00	$	-	$	106,565.00	$	387,805.00	
05/01/41	$	3,715,000.00	$	180,000.00	$	106,565.00			
11/01/41	$	3,345,000.00	$	-	$	101,615.00	$	388,180.00	
05/01/42	$	2,935,000.00	$	190,000.00	$	101,615.00			
11/01/42	$	2,935,000.00	$	-	$	96,390.00	$	388,005.00	
05/01/43	$	2,935,000.00	$	200,000.00	$	96,390.00			
11/01/43	$	2,935,000.00	$	-	$	90,890.00	$	387,280.00	
05/01/44	$	2,935,000.00	$	210,000.00	$	90,890.00			
11/01/44	$	2,935,000.00	$	-	$	85,115.00	$	386,005.00	
05/01/45	$	2,935,000.00	$	225,000.00	$	85,115.00			
11/01/45	$	2,710,000.00	$	-	$	78,590.00	$	388,705.00	
05/01/46	$	2,710,000.00	$	235,000.00	$	78,590.00			
11/01/46	$	2,475,000.00	$	-	$	71,775.00	$	385,365.00	
05/01/47	$	2,475,000.00	$	250,000.00	$	71,775.00			

Date		Balance		Prinicpal		Interest		Total	

11/01/47	
$	
2,225,000.00	
$	
-	
$	
64,525.00	
$	
386,300.00	
05/01/48	$	2,225,000.00	$	265,000.00	$	64,525.00			
11/01/48	$	1,960,000.00	$	-	$	56,840.00	$	386,365.00	
05/01/49	$	1,960,000.00	$	280,000.00	$	56,840.00			
11/01/49	$	1,680,000.00	$	-	$	48,720.00	$	385,560.00	
05/01/50	$	1,680,000.00	$	300,000.00	$	48,720.00			
11/01/50	$	1,380,000.00	$	-	$	40,020.00	$	388,740.00	
05/01/51	$	1,380,000.00	$	315,000.00	$	40,020.00			
11/01/51	$	1,065,000.00	$	-	$	30,885.00	$	385,905.00	
05/01/52	$	1,065,000.00	$	335,000.00	$	30,885.00			
11/01/52	$	730,000.00	$	-	$	21,170.00	$	387,055.00	
05/01/53	$	730,000.00	$	355,000.00	$	21,170.00	$	-	
11/01/53	$	375,000.00	$	-	$	10,875.00	$	387,045.00	
05/01/54	$	375,000.00	$	375,000.00	$	10,875.00	$	385,875.00	
			$	5,425,000.00	$	5,564,357.50	$	11,222,788.75	

Proposed Budget
Series 2025 Debt Service Fund

Adopted Budget	Actuals Thru	Projected Next	Total Thru	Proposed Budget	
Description	FY2026	3/31/26	6 Months	9/30/26	FY2027	

Revenues						
Special Assessments	$	336,633	$	306,658	$	29,975	$	336,633	$	336,633	
Interest	$	-	$	3,066	$	766	$	3,832	$	-	
Carry Forward	$	130,003	$	129,794	$	-	$	129,794	$	134,498	
Total Revenues	$	466,636	$	439,517	$	30,741	$	470,259	$	471,131	

Expenditures						
Interest Expense - 11/1	$	129,654	$	129,654	$	-	$	129,654	$	128,098	
Principal Expense - 5/1	$	75,000	$	-	$	75,000	$	75,000	$	80,000	
Interest Expense - 5/1	$	129,654	$	-	$	129,654	$	129,654	$	128,098	
Total Expenditures	$	334,309	$	129,654	$	204,654	$	334,309	$	336,196	

Other Financing Sources/(Uses)						
Transfer In/(Out)	$	-	$	(1,453)	$	-	$	(1,453)	$	-	
Total Other Financing Sources/(Uses)	$	-	$	(1,453)	$	-	$	(1,453)	$	-	
						
Excess Revenues/(Expenditures)	$	132,328	$	308,410	$	(173,913)	$	134,498	$	134,934	

*Carry forward less amount in Reserve funds.

Interest Expense 11/1/27
Total

$	126,438

$	126,438

Product	
Assessable Units	Total Net Assessments	Net Assessment Per Unit	Gross Assessment Per Unit	
Townhouse	62	$	37,192.61	$	599.88	$	638.17	
Bungalow - 34'	58	$	46,390.78	$	799.84	$	850.89	
Bungalow - 40'	84	$	67,186.65	$	799.84	$	850.89	
Single Family - 50'	74	$	101,729.79	$	1,374.73	$	1,462.48	
Single Family - 60'	51	$	84,133.29	$	1,649.67	$	1,754.97	
	329	$	336,633.12			

Date		Balance		Prinicpal		Interest		Total	
									
11/01/26	$	4,615,000.00	$	-	$	128,098.13	$	332,752.50	
05/01/27	$	4,615,000.00	$	80,000.00	$	128,098.13			
11/01/27	$	4,615,000.00	$	-	$	126,438.13	$	334,536.25	
05/01/28	$	4,615,000.00	$	85,000.00	$	126,438.13			
11/01/28	$	4,615,000.00	$	-	$	124,674.38	$	336,112.50	
05/01/29	$	4,615,000.00	$	85,000.00	$	124,674.38			
11/01/29	$	4,615,000.00	$	-	$	122,910.63	$	332,585.00	
05/01/30	$	4,615,000.00	$	90,000.00	$	122,910.63			
11/01/30	$	4,615,000.00	$	-	$	121,043.13	$	333,953.75	
05/01/31	$	4,615,000.00	$	95,000.00	$	121,043.13			
11/01/31	$	4,090,000.00	$	-	$	118,965.00	$	335,008.13	
05/01/32	$	4,090,000.00	$	100,000.00	$	118,965.00			
11/01/32	$	4,090,000.00	$	-	$	116,777.50	$	335,742.50	
05/01/33	$	4,090,000.00	$	105,000.00	$	116,777.50			
11/01/33	$	4,090,000.00	$	-	$	114,480.63	$	336,258.13	
05/01/34	$	4,090,000.00	$	110,000.00	$	114,480.63			
11/01/34	$	4,090,000.00	$	-	$	112,074.38	$	336,555.00	
05/01/35	$	4,090,000.00	$	115,000.00	$	112,074.38			
11/01/35	$	4,090,000.00	$	-	$	109,558.75	$	336,633.13	
05/01/36	$	4,090,000.00	$	120,000.00	$	109,558.75			
11/01/36	$	3,970,000.00	$	-	$	106,438.75	$	335,997.50	
05/01/37	$	3,970,000.00	$	125,000.00	$	106,438.75			
11/01/37	$	3,845,000.00	$	-	$	103,188.75	$	334,627.50	
05/01/38	$	3,845,000.00	$	130,000.00	$	103,188.75			
11/01/38	$	3,715,000.00	$	-	$	99,808.75	$	332,997.50	
05/01/39	$	3,715,000.00	$	140,000.00	$	99,808.75			
11/01/39	$	3,575,000.00	$	-	$	96,168.75	$	335,977.50	
05/01/40	$	3,575,000.00	$	145,000.00	$	96,168.75			
11/01/40	$	3,430,000.00	$	-	$	92,398.75	$	333,567.50	
05/01/41	$	3,430,000.00	$	155,000.00	$	92,398.75			
11/01/41	$	3,115,000.00	$	-	$	88,368.75	$	335,767.50	
05/01/42	$	2,575,000.00	$	160,000.00	$	88,368.75			
11/01/42	$	2,575,000.00	$	-	$	84,208.75	$	332,577.50	
05/01/43	$	2,575,000.00	$	170,000.00	$	84,208.75			
11/01/43	$	2,575,000.00	$	-	$	79,788.75	$	333,997.50	
05/01/44	$	2,575,000.00	$	180,000.00	$	79,788.75			
11/01/44	$	2,575,000.00	$	-	$	75,108.75	$	334,897.50	
05/01/45	$	2,575,000.00	$	190,000.00	$	75,108.75			
11/01/45	$	2,575,000.00	$	-	$	70,168.75	$	335,277.50	
05/01/46	$	2,575,000.00	$	200,000.00	$	70,168.75			
11/01/46	$	2,375,000.00	$	-	$	64,718.75	$	334,887.50	
05/01/47	$	2,375,000.00	$	210,000.00	$	64,718.75			
11/01/47	$	2,165,000.00	$	-	$	58,996.25	$	333,715.00	
05/01/48	$	2,165,000.00	$	220,000.00	$	58,996.25			
11/01/48	$	1,945,000.00	$	-	$	53,001.25	$	331,997.50	
05/01/49	$	1,945,000.00	$	235,000.00	$	53,001.25			
11/01/49	$	1,710,000.00	$	-	$	46,597.50	$	334,598.75	
05/01/50	$	1,710,000.00	$	250,000.00	$	46,597.50			

Date		Balance		Prinicpal		Interest		Total	

11/01/50	
$	
1,460,000.00	
$	
-	
$	
39,785.00	
$	
336,382.50	
05/01/51	$	1,460,000.00	$	260,000.00	$	39,785.00			
11/01/51	$	1,200,000.00	$	-	$	32,700.00	$	332,485.00	
05/01/52	$	1,200,000.00	$	275,000.00	$	32,700.00			
11/01/52	$	925,000.00	$	-	$	25,206.25	$	332,906.25	
05/01/53	$	925,000.00	$	290,000.00	$	25,206.25	$	-	
11/01/53	$	635,000.00	$	-	$	17,303.75	$	332,510.00	
05/01/54	$	635,000.00	$	310,000.00	$	17,303.75	$	-	
11/01/54	$	325,000.00	$	-	$	8,856.25	$	336,160.00	
05/01/55	$	325,000.00	$	325,000.00	$	8,856.25	$	333,856.25	
			$	4,955,000.00	$	4,875,666.25	$	10,035,320.63	

Riverwalk
Community Development District
Proposed Budget
Series 2025A Debt Service Fund

Description	Adopted Budget FY2026	Actuals Thru 3/31/26	Projected Next
6 Months	Total Thru 9/30/26	Proposed Budget FY2027	

Revenues

Special Assessments Interest
Carry Forward	

$	-	$
$	-	$
$	-	$	

- 839
-	

$	514,477
$	210
$	-	

$	514,477
$	1,048
$	-	

$	514,923
$	524
$	325,882	
Total Revenues	$	-	$	839	$	514,687	$	515,525	$	841,328	

Expenditures

Interest Expense - 11/1 Principal Expense - 5/1 Interest Expense - 5/1	

$	-	$
$	-	$
$	-	$	

-
-
-	

$	-
$	175,000
$	142,536	

$	-
$	175,000
$	142,536	

$	196,941
$	120,000
$	196,941	
Total Expenditures	$	-	$	-	$	317,536	$	317,536	$	513,883	

Other Financing Sources/(Uses)

Bond Proceeds Transfer In/(Out)	

$
$	-	$	

128,731
(839)	

$	-
$	-	

$	128,731
$	(839)	

$	-
$	-	
Total Other Financing Sources/(Use	$	-	$	127,892	$	-	$	127,892	$	-	
						
Excess Revenues/(Expenditures)	$	-	$	128,731	$	197,151	$	325,882	$	327,446	

Interest Expense 11/1/27
Total

$	194,541

$	194,541

Product	
Assessable Units	Total Net Assessments	Net Assessment Per Unit	Gross Assessment Per Unit	
Townhouse	110	$	65,945.25	$	599.50	$	637.77	
Bungalow - 34'	152	$	121,499.13	$	799.34	$	850.36	
Bungalow - 40'	156	$	124,696.47	$	799.34	$	850.36	
Single Family - 50'	114	$	156,619.97	$	1,373.86	$	1,461.55	
Single Family - 60'	28	$	46,161.68	$	1,648.63	$	1,753.86	
	560	$	514,922.50			

Date		Balance		Prinicpal		Interest		Total	
									
11/01/26	$	6,960,000.00	$	-	$	196,941.25	$	514,477.25	
05/01/27	$	6,960,000.00	$	120,000.00	$	196,941.25			
11/01/27	$	6,960,000.00	$	-	$	194,541.25	$	511,482.50	
05/01/28	$	6,960,000.00	$	125,000.00	$	194,541.25			
11/01/28	$	6,960,000.00	$	-	$	192,041.25	$	511,582.50	
05/01/29	$	6,960,000.00	$	130,000.00	$	192,041.25			
11/01/29	$	6,960,000.00	$	-	$	189,441.25	$	511,482.50	
05/01/30	$	6,960,000.00	$	135,000.00	$	189,441.25			
11/01/30	$	6,960,000.00	$	-	$	186,741.25	$	511,182.50	
05/01/31	$	6,960,000.00	$	140,000.00	$	186,741.25			
11/01/31	$	6,185,000.00	$	-	$	183,766.25	$	510,507.50	
05/01/32	$	6,185,000.00	$	150,000.00	$	183,766.25			
11/01/32	$	6,185,000.00	$	-	$	180,578.75	$	514,345.00	
05/01/33	$	6,185,000.00	$	155,000.00	$	180,578.75			
11/01/33	$	6,185,000.00	$	-	$	177,285.00	$	512,863.75	
05/01/34	$	6,185,000.00	$	160,000.00	$	177,285.00			
11/01/34	$	6,185,000.00	$	-	$	173,885.00	$	511,170.00	
05/01/35	$	6,185,000.00	$	170,000.00	$	173,885.00			
11/01/35	$	6,185,000.00	$	-	$	170,272.50	$	514,157.50	
05/01/36	$	6,185,000.00	$	175,000.00	$	170,272.50			
11/01/36	$	6,010,000.00	$	-	$	165,635.00	$	510,907.50	
05/01/37	$	6,010,000.00	$	185,000.00	$	165,635.00			
11/01/37	$	5,825,000.00	$	-	$	160,732.50	$	511,367.50	
05/01/38	$	5,825,000.00	$	195,000.00	$	160,732.50			
11/01/38	$	5,630,000.00	$	-	$	155,565.00	$	511,297.50	
05/01/39	$	5,630,000.00	$	205,000.00	$	155,565.00			
11/01/39	$	5,425,000.00	$	-	$	150,132.50	$	510,697.50	
05/01/40	$	5,425,000.00	$	220,000.00	$	150,132.50			
11/01/40	$	5,205,000.00	$	-	$	144,302.50	$	514,435.00	
05/01/41	$	5,205,000.00	$	230,000.00	$	144,302.50			
11/01/41	$	4,730,000.00	$	-	$	138,207.50	$	512,510.00	
05/01/42	$	3,920,000.00	$	245,000.00	$	138,207.50			
11/01/42	$	3,920,000.00	$	-	$	131,715.00	$	514,922.50	
05/01/43	$	3,920,000.00	$	255,000.00	$	131,715.00			
11/01/43	$	3,920,000.00	$	-	$	124,957.50	$	511,672.50	
05/01/44	$	3,920,000.00	$	270,000.00	$	124,957.50			
11/01/44	$	3,920,000.00	$	-	$	117,802.50	$	512,760.00	
05/01/45	$	3,920,000.00	$	285,000.00	$	117,802.50			
11/01/45	$	3,920,000.00	$	-	$	110,250.00	$	513,052.50	
05/01/46	$	3,920,000.00	$	300,000.00	$	110,250.00			
11/01/46	$	3,620,000.00	$	-	$	101,812.50	$	512,062.50	
05/01/47	$	3,620,000.00	$	320,000.00	$	101,812.50			
11/01/47	$	3,300,000.00	$	-	$	92,812.50	$	514,625.00	
05/01/48	$	3,300,000.00	$	335,000.00	$	92,812.50			
11/01/48	$	2,965,000.00	$	-	$	83,390.63	$	511,203.13	
05/01/49	$	2,965,000.00	$	355,000.00	$	83,390.63			
11/01/49	$	2,610,000.00	$	-	$	73,406.25	$	511,796.88	
05/01/50	$	2,610,000.00	$	375,000.00	$	73,406.25			
11/01/50	$	2,235,000.00	$	-	$	62,859.38	$	511,265.63	

Date		Balance		Prinicpal		Interest		Total	

05/01/51	
$	
2,235,000.00	
$	
400,000.00	
$	
62,859.38			
11/01/51	$	1,835,000.00	$	-	$	51,609.38	$	514,468.75	
05/01/52	$	1,835,000.00	$	420,000.00	$	51,609.38			
11/01/52	$	1,415,000.00	$	-	$	39,796.88	$	511,406.25	
05/01/53	$	1,415,000.00	$	445,000.00	$	39,796.88	$	-	
11/01/53	$	970,000.00	$	-	$	27,281.25	$	512,078.13	
05/01/54	$	970,000.00	$	470,000.00	$	27,281.25	$	-	
11/01/54	$	500,000.00	$	-	$	14,062.50	$	511,343.75	
05/01/55	$	500,000.00	$	500,000.00	$	14,062.50	$	514,062.50	
			$	7,470,000.00	$	7,583,650.00	$	15,371,186.00