Randal Park
Community Development District

Adopted Budget
FY 2019

Randal Park
Community Development District

Table of Contents

1-2

3-12

13

14

15

16

17

 	General Fund 

 	General Fund Narrative

 	Capital Reserve Fund

 	Series 2012 Debt Service Fund

 	Series 2012 Amortization Schedule

 	Series 2015 Debt Service Fund

 	Series 2015 Amortization Schedule

18	 	Assessments

Description	Adopted FY2018
Budget	Actual Thru
7/31/18	Projected Next 2
Months	Total as of
9/30/18	Adopted FY2019
Budget	

Revenues						
Special Assessments	$796,630	$814,136	$0	$814,136	$796,630	
Colonial Properties Contribution	$53,934	$37,996	$8,000	$45,996	$54,176	
Miscellaneous Revenue	$500	$843	$200	$1,043	$1,000	
Activities	$5,000	$884	$1,000	$1,884	$7,000	
Rentals	$7,000	$8,710	$2,000	$10,710	$7,000	
Carry Forward Surplus	$60,540	$48,705	$0	$48,705	*	$71,641	
Total Revenues	$923,604	$911,275	$11,200	$922,475	$937,448	

Expenditures						
Administrative						
Supervisor Fees	$6,000	$1,200	$400	$1,600	$6,000	
FICA Expense	$459	$92	$30	$122	$459	
Annual Audit	$3,900	$3,900	$0	$3,900	$4,000	
Trustee Fees	$8,000	$8,000	$0	$8,000	$8,000	
Dissemination Agent	$7,000	$5,833	$1,167	$7,000	$7,000	
Arbitrage	$1,200	$600	$600	$1,200	$1,200	
Engineering	$10,000	$1,497	$1,700	$3,197	$10,000	
Attorney	$25,000	$13,973	$4,200	$18,173	$20,000	
Assessment Administration	$5,000	$5,000	$0	$5,000	$5,000	
Management Fees	$38,246	$31,872	$6,374	$38,246	$39,393	
Information Technology	$1,000	$833	$167	$1,000	$1,000	
Telephone	$100	$8	$20	$28	$100	
Postage	$1,500	$468	$250	$718	$1,500	
Insurance	$5,200	$4,928	$0	$4,928	$5,500	
Printing & Binding	$1,500	$960	$250	$1,210	$1,500	
Legal Advertising	$2,500	$193	$450	$643	$2,500	
Other Current Charges	$350	$155	$100	$255	$350	
Office Supplies	$200	$9	$50	$59	$200	
Property Appraiser	$610	$797	$0	$797	$800	
Property Taxes	$250	$251	$0	$251	$250	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative	$118,190	$80,742	$15,757	$96,499	$114,927	

Maintenance						
Contract Services:
Field Management	
$16,391	
$13,659	
$2,732	
$16,391	
$16,883	
Amenity Management	$90,000	$75,000	$15,000	$90,000	$72,700	
Pool Attendants	$10,300	$14,905	$3,000	$17,905	$18,000	
Wetland Maintenance	$9,600	$0	$1,600	$1,600	$9,600	
Mitigation Monitoring	$2,500	$0	$500	$500	$2,500	
Landscape Maintenance	$282,504	$235,420	$47,084	$282,504	$282,504	
Janitorial Services	$21,000	$14,750	$4,875	$19,625	$21,000	
Pool Maintenance	$15,330	$13,100	$2,230	$15,330	$15,330	
Lake Maintenance	$8,940	$6,905	$1,490	$8,395	$8,940	
Pest Control	$1,100	$950	$100	$1,050	$1,100	
HVAC Maintenance	$574	$0	$100	$100	$574	
Security Patrol	$30,000	$22,864	$5,000	$27,864	$30,000	

Description	Adopted FY2018
Budget	Actual Thru
7/31/18	Projected Next 2
Months	Total as of
9/30/18	Adopted FY2019
Budget	

Repairs & Maintenance
Facility Maintenance	

$0	

$0	

$0	

$0	

$29,120	
Repairs & Maintenance	$12,000	$20,161	$6,000	$26,161	$15,000	
Operating Supplies	$2,500	$3,508	$500	$4,008	$5,000	
Landscape Replacement	$8,000	$12,675	$1,000	$13,675	$10,000	
Pool Repairs & Maintenance	$3,000	$7,426	$1,000	$8,426	$5,000	
Irrigation Repairs	$5,000	$6,388	$500	$6,888	$8,000	
Alley Maintenance	$500	$0	$100	$100	$1,500	
Stormwater Repairs & Maintenance	$0	$0	$0	$0	$1,500	
Fountain Maintenance	$2,500	$2,843	$175	$3,018	$3,500	
Fitness Repairs & Maintenance	$700	$695	$250	$945	$2,000	
Sign Maintenance	$500	$978	$100	$1,078	$1,000	
Pressure Washing	$12,000	$7,643	$2,000	$9,643	$10,000	
Utilities
Utilities - Common Area	
$25,000	
$19,943	
$5,400	
$25,343	
$30,000	
Utilities - Amenity Center	$22,000	$16,522	$3,400	$19,922	$22,000	
Refuse Service	$2,400	$1,864	$372	$2,236	$2,400	
Streetlighting	$98,769	$49,517	$13,600	$63,117	$98,769	
Amenity Center
Property Insurance	
$31,000	
$27,695	
$0	
$27,695	
$31,000	
Pool Permit	$550	$505	$0	$505	$550	
Cable TV/Internet/Telephone	$4,000	$2,568	$540	$3,108	$4,000	
Amenity Center Access Cards	$1,000	$1,080	$0	$1,080	$1,000	
Special Events	$12,000	$9,654	$2,346	$12,000	$15,000	
Holiday Decorations	$4,000	$4,009	$0	$4,009	$4,000	
Newsletter	$1,000	$0	$200	$200	$0	
Security Monitoring	$600	$413	$70	$483	$600	
Contingency	$10,000	$6,561	$2,000	$8,561	$10,000	
Transfer Out - Capital Reserve	$58,156	$0	$30,870	$30,870	$32,450	
Total Maintenance	$805,414	$600,201	$154,133	$754,334	$822,520	
						
Total Expenditures	$923,604	$680,943	$169,891	$850,833	$937,448	
						
Excess Revenue/(Expenditures)	$0	$230,332	($158,691)	$71,641	($0)	

*Reflects carry forward surplus less FY19 first quarter operating reserves of $235,000.

Net Assessments
Add: Discounts & Collections 6%

Adopted	Adopted	Adopted	Adopted Budget	Budget	Budget	Budget
 	FY2016		 	FY2017		 	FY2018		 	FY2019	
$582,467	$703,996	$796,630	$796,630
 	37,179	 	44,936	 	50,849	50,849 

Gross Assessments	 	$619,646 		$748,931		$847,479		$847,479	
Assessable Units	797.00		797.00		797.00		797.00	
Per Unit Assessment	$777.47		$939.69		$1,063.34		$1,063.34	
Notes:
(1 thru 6) is shared costs with Colonial Properties								

FY 2018
Budget	Total Prop
FY 2019 Budget	Shared
Costs	Colonial Properties
Allocation	
$16,391	$16,883	$8,442	$4,221	
$282,504	$282,504	$74,400	$37,200	
$8,940	$8,940	$1,260	$630	
$5,000	$8,000	$2,000	$1,000	
$25,000	$30,000	$16,000	$8,000	
$98,769	$98,769	$6,250	$3,125	
	Totals:	$108,352	$54,176	

Facilities Management & Maintenance
Landscape Maintenance
Lake Maintenance
Irrigation Repairs
Utilities
Streetlighting

REVENUES:

Special Assessments

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

Colonial Properties Contribution

Per the cost share arrangement, this amount reflects 50% of the estimated maintenance cost for Dowden Rd and the offsite portion of Randal Park Blvd.
Miscellaneous Revenue

Represents estimated income the District may receive that is not accounted for in other categories.

Activities

Represents fees collected by onsite management company related to various activities operated by the District.

Rentals

The District allows members of the public to rent the Clubhouse for various functions such as birthday parties, anniversaries, weddings, etc.

Carry Forward Surplus

The District will utilize excess funds collected in previous fiscal years.

EXPENDITURES:

Administrative:

Supervisor Fees

The Florida Statutes allows each supervisor to be paid $200 per meeting for the time devoted to District business and board meetings, not to exceed $4,800 per year. The amount is based upon 5 Supervisors attending 6 monthly meetings.

FICA Expense

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

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records by an Independent Certified Public Accounting Firm. The District’s auditing firm is Grau & Associates.

Trustee Fees

The District issued Series 2012 and Series 2015 Special Assessment Bonds that are deposited with a Trustee at Wells Fargo Bank.

Dissemination Agent

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. The District has contracted with Governmental Management Services – Central Florida, LLC to provide this service.

Arbitrage

The District has contracted with Grau & Associates to calculate the District’s annual Arbitrage Rebate Liability on the Series 2012 and Series 2015 Special Assessment Bonds.

Engineering

The District's engineer will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices, etc. The District has contracted with Vanasse Hangen Brustlin, Inc.

Attorney

The District's legal counsel will be providing general legal services to the District, e.g. attendance and preparation for monthly meetings, preparation and review of agreements, resolutions, etc. The District has contracted with Latham, Shuker, Eden & Beaudine, LLP.

Assessment Administration

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

Management Fees

The District has contracted with Governmental Management Services – Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. The services include, but not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reporting, annual audits, etc.

Information Technology

The District incurs costs related to the District’s accounting and information systems, District’s website creation and maintenance, electronic compliance with Florida Statutes and other electronic data requirements.

Telephone

Telephone and fax machine.

Postage

Mailing of Board Meeting agenda packages, overnight deliveries, checks for vendors, and any other required correspondence.

Insurance

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

Printing & Binding

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

Legal Advertising

Advertising of monthly board meetings, public hearings, and any services that are required to be advertised for public bidding, i.e. audit services, engineering service, maintenance contracts and any other advertising that may be required.

Other Current Charges

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

Office Supplies

The District incurs charges for supplies that need to be purchased during the  fiscal year, including copier and printer toner cartridges, paper, file folders, binders, pens, paper clips, and other such office supplies.

Property Appraiser

Represents the fees to be paid to the Orange County Property Appraiser for annual assessment roll administration.

Property Taxes

Represents the non-ad valorem assessment from Orange County that will be charged to the District.

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.

Maintenance:

Field Management

The District has contracted with Governmental Management Services – Central Florida, LLC to provide onsite field management of contracts for the District Services such as landscape and lake maintenance. Services to include weekly onsite inspections, meetings with contractors and monitoring of utility accounts.

Amenity Management

The District has contracted with Governmental Management Services – Central Florida, LLC to staff the Amenity Center, oversee maintenance contracts related to the Amenity Center, conduct various special events throughout the year, administer rental program, respond to resident request, etc.

Pool Attendants

Represents the estimated cost to have pool attendants during certain times throughout the operating season for the pool.

Wetland Maintenance/Mitigation Monitoring

The District will be required to maintain and monitor the 298 acres of Jurisdictional Wetlands, Wetland Buffers, and Wetland Mitigation throughout the District. The amounts are based upon the estimated cost for the fiscal year.

Landscape Maintenance

The District has contracted with Yellowstone Landscape – Southeast, LLC to maintain the landscaping within the common areas of the District after installation of landscape material has been completed. The services include mowing, edging, trimming, weed and disease control, fertilization, pest control, pruning, weeding, mulching, irrigation inspections and litter removal.

Description	Monthly	Annually	
Landscape Maintenance			
Dowden Road/AC-1	$6,200	$74,400	
Phase 1-3/Amenity Center	$12,336	$148,032	
Phase 4	$1,874	$22,488	
Phase 5	$3,132	$37,584	
TOTAL		$282,504	

Janitorial Services

The District has contracted with Westwood Interior Cleaning, Inc. to provide janitorial services for the Amenity Center. The amount is based upon 5 days per week throughout the fiscal year.

Description	Monthly	Annually	
Westwood Interior Cleaning, Inc.	$1,700 Contingency
TOTAL	$20,400
$600	
	$21,000	

Pool Maintenance

The District will contract with respective companies to provide pool chemicals and pool maintenance services.

Description	Monthly	Annually	
Pool Maintenance
Spies Pools (provide monthly chemicals)	$750 Roberts Pool Service
September through May (3 x per week)	$450
June through August (5 x per week)	$760
TOTAL	
$9,000

$4,050
$2,280	
	$15,330	

Lake Maintenance

The District has stormwater management facilities designed to conform to the City of Orlando and South Florida Water Management District (SFWMD) criteria for pre-development versus post- development allowable discharge criteria and water quality treatment. The District has contracted with Applied Aquatic Management Inc. to maintain the lakes throughout the community that provide stormwater management.

Description	Monthly	Annually	
Lake Maintenance	$745
TOTAL	$8,940	
	$8,940	

Pest Control
The District has contracted with 4 All Seasons Pest Control for monthly treatment at the Amenity Center. Also included in the budget is an annual fee for termite bond provided by Turner Pest Control.

Description	Monthly	Annually	
Pest Control	$50
Termite Bond
TOTAL	$600
$500	
	$1,100	

HVAC Maintenance

The District will contract with Del-Air Condition Heating Refrigeration, Inc. to perform semi- annual preventative maintenance to the HVAC system.

Description	Semi-Annual	Annually	
HVAC Maintenance	$287
TOTAL	$574	
	$574	

Security Patrol

The District has contracted with Community Watch Solutions, LLC to provide security services throughout the fiscal year.

Facility Maintenance

The District has contracted with Governmental Management Services – Central Florida, LLC to provide routine repairs and maintenance on the District’s common areas and amenities.

Repairs & Maintenance

Represents estimated cost for repairs and maintenance of various facilities throughout the District.

Operating Supplies

Estimated cost of supplies purchased for operating and maintaining the clubhouse.

Landscape Replacement

Estimated cost related to the replacement of turf, trees, shrubs, etc.

Pool Repairs & Maintenance

Estimated miscellaneous pool maintenance cost not included under the agreements with Spies Pools and Roberts Pool Service.

Irrigation Repairs

To record expenses for repairs to the irrigation system.

Alley Maintenance

To record expenses for repairs and maintenance to the alley.

Stormwater Repairs & Maintenance

Represents estimated costs that the District will incur for repairs and maintenance on the stormwater management facilities, including: outfall structures, pipes and other miscellaneous facilities.

Fountain Maintenance

To record expenses for repairs and maintenance to the floating fountain at the Randal Park Clubhouse.

Description	Amount	Annually	
Fountain Maintenance			
Clubhouse: Fountain Design Group, Inc. (Quarterly)	$175	$700	
Phase II Park: Roberts Pool Service (Monthly)	$100	$1,200	
Contingency		$1,600	
TOTAL		$3,500	

Fitness Repairs & Maintenance

Represents costs related to repairing and maintaining the fitness equipment owned by the District. The amount includes preventative maintenance provided at $25 bi monthly for 7 fitness machines.

Sign Maintenance

To record expenses to replace miscellaneous signs throughout the fiscal year.

Pressure Washing

To record expenses related to the pressure washing of various areas of the District including the clubhouse, pool deck, curbs and sidewalks.

Utilities – Common Area

This represents the estimated cost for electric and reclaimed water utilities of the common areas within the District. The Orlando Utilities Commission provides these services.

Utilities – Amenity Center

This represents the estimated cost for electric and reclaimed water utilities of the Amenity  Center. The Orlando Utilities Commission provides these services.

Refuse Service

Estimated cost for trash removal service located at the Amenity Center. The Orlando Utilities Commission provides this service.

Description	Monthly	Annually	
Refuse Services	$200
TOTAL	$2,400	
	$2,400	

Streetlighting

The District will have the following accounts in the upcoming fiscal year with Orlando Utilities Commission for the streetlights within the community.

Description	Monthly	Annually	
Randal	Park	Boulevard I (11 Poles)		$521	$6,250	
Randal	Park	Boulevard II (12 Poles)		$544	$6,523	
Randal	Park	Residential Phase I (51 Poles)		$1,532	$18,387	
Randal	Park	Residential Phase I and Bridge (10	Poles)	$186	$2,233	
Randal	Park	Residential Phase II (52 Poles)		$929	$11,148	
Randal	Park	Residential Phase III (16 Poles)		$311	$3,734	
Randal	Park	Residential Phase IB/3A (46 Poles)		$1,142	$13,707	
Randal	Park	Residential Phase IV (68 Poles)		$1,233	$14,797	
Randal	Park	Residential Phase V (87 Poles)		$1,833	$21,991	
TOTAL					$98,769	

Property Insurance

Represents the estimated cost for property insurance of the Amenity Center to be conveyed to the District. Property Insurance is provided by Florida Insurance Alliance.

Pool Permit

Estimated cost for required pool permit.

Cable TV/Internet/Telephone

The District will obtain cable television, cable and internet service at the Amenity Center.

Description	Monthly	Annually	
Cable TV/Internet/Telephone			
Brighthouse Networks	$250	$3,000	
Emergency Phone Lines (est.)	$55	$660	
Contingency		$340	
TOTAL		$4,000	

Amenity Center Access Cards

Represents the estimated cost for providing and maintaining access card system.

Special Events

The Leisure Activities Coordinator will coordinate and provide various activities throughout the year. The amount represents the cost of supplies, notice of events, etc.

Holiday Decorations

The District will incur costs to related to the decoration of common areas during the Holidays.

Security Monitoring

The District incurs charges for the monitoring of the Amenity Center security system.

Description	Monthly	Annually	
Security Monitoring	$35
Contingency
TOTAL	$420
$180	
	$600	

Contingency

Represents unforeseen cost not budgeted in other line items.

Transfer Out - Capital Reserve

The District will fund an annual amount for future cost related to replacement and repair of capital assets of the District. Upon completion, the District may have a Capital Reserve study prepared to ensure annually funding levels are sufficient.

Randal Park
Community Development District
Capital Reserve Fund

Description	Adopted FY2018
Budget	Actual Thru
7/31/18	Projected Next 2
Months	Total as of
9/30/18	Adopted FY2019
Budget	

Revenues						
Transfer In	$58,156	$0	$30,870	$30,870	$32,450	
Interest	$0	$2,937	$0	$2,937	$0	
Carry Forward Surplus	$223,040	$199,770	$0	$199,770	$229,626	
Total Revenues	$281,196	$202,707	$30,870	$233,576	$262,076	

Expenditures						
Capital Outlay	$0	$0	$0	$0	$17,340	
Reserve Study	$0	$3,950	$0	$3,950	$0	
Total Expenditures	$0	$3,950	$0	$3,950	$17,340	
						
Excess Revenue/(Expenditures)	$281,196	$198,757	$30,870	$229,626	$244,736	

Randal Park
Community Development District
Debt Service - Series 2012

Description	Adopted FY2018
Budget	Actual Thru
7/31/18	Projected Next 2
Months	Total as of
9/30/18	Adopted FY2019
Budget	

Revenues						
Assessments	$397,350	$406,082	$0	$406,082	$397,350	
Interest	$0	$6,996	$0	$6,996	$0	
Carry Forward Surplus	$277,966	$277,027	$0	$277,027	$297,417	
Total Revenues	$675,316	$690,105	$0	$690,105	$694,767	

Expenditures						
Principal Payment 11/01	$80,000	$80,000	$0	$80,000	$	85,000	
Interest Payment 11/01	$157,494	$157,494	$0	$157,494	$	155,194	
Interest Payment 05/01	$155,194	$155,194	$0	$155,194	$	152,750	
Total Expenditures	$392,688	$392,688	$0	$392,688	$392,944	
						
Excess Revenue/(Expenditures)	$282,629	$297,417	$0	$297,417	$301,823	
			
11/1/19	
Interest Payment	
$	152,750	
Principal Payment  $	90,000 
 	$242,750 

Adopted Budget
	 	FY2019		
Net Assessments	$397,350	
Add: Discounts & Collections 6%	 	25,363 	
Gross Assessments	 	$422,713 	

Randal Park
Community Development District

DEBT SERVICE SCHEDULE - SERIES 2012

AMORTIZATION SCHEDULE

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/18	$	4,755,000.00	5.750%	$	85,000.00	$	155,193.75	$	395,387.50	
05/01/19	$	4,670,000.00	5.750%		$	152,750.00		
11/01/19	$	4,670,000.00	5.750%	$	90,000.00	$	152,750.00	$	395,500.00	
05/01/20	$	4,580,000.00	5.750%		$	150,162.50		
11/01/20	$	4,580,000.00	5.750%	$	95,000.00	$	150,162.50	$	395,325.00	
05/01/21	$	4,485,000.00	5.750%		$	147,431.25		
11/01/21	$	4,485,000.00	5.750%	$	100,000.00	$	147,431.25	$	394,862.50	
05/01/22	$	4,385,000.00	5.750%		$	144,556.25		
11/01/22	$	4,385,000.00	5.750%	$	105,000.00	$	144,556.25	$	394,112.50	
05/01/23	$	4,280,000.00	6.125%		$	141,537.50		
11/01/23	$	4,280,000.00	6.125%	$	115,000.00	$	141,537.50	$	398,075.00	
05/01/24	$	4,165,000.00	6.125%		$	138,015.63		
11/01/24	$	4,165,000.00	6.125%	$	125,000.00	$	138,015.63	$	401,031.26	
05/01/25	$	4,040,000.00	6.125%		$	134,187.50		
11/01/25	$	4,040,000.00	6.125%	$	125,000.00	$	134,187.50	$	393,375.00	
05/01/26	$	3,915,000.00	6.125%		$	130,359.38		
11/01/26	$	3,915,000.00	6.125%	$	135,000.00	$	130,359.38	$	395,718.76	
05/01/27	$	3,780,000.00	6.125%		$	126,225.00		
11/01/27	$	3,780,000.00	6.125%	$	140,000.00	$	126,225.00	$	392,450.00	
05/01/28	$	3,640,000.00	6.125%		$	121,937.50		
11/01/28	$	3,640,000.00	6.125%	$	150,000.00	$	121,937.50	$	393,875.00	
05/01/29	$	3,490,000.00	6.125%		$	117,343.75		
11/01/29	$	3,490,000.00	6.125%	$	160,000.00	$	117,343.75	$	394,687.50	
05/01/30	$	3,330,000.00	6.125%		$	112,443.75		
11/01/30	$	3,330,000.00	6.125%	$	170,000.00	$	112,443.75	$	394,887.50	
05/01/31	$	3,160,000.00	6.125%		$	107,237.50		
11/01/31	$	3,160,000.00	6.125%	$	180,000.00	$	107,237.50	$	394,475.00	
05/01/32	$	2,980,000.00	6.125%		$	101,725.00		
11/01/32	$	2,980,000.00	6.125%	$	190,000.00	$	101,725.00	$	393,450.00	
05/01/33	$	2,790,000.00	6.875%		$	95,906.25		
11/01/33	$	2,790,000.00	6.875%	$	205,000.00	$	95,906.25	$	396,812.50	
05/01/34	$	2,585,000.00	6.875%		$	88,859.38		
11/01/34	$	2,585,000.00	6.875%	$	215,000.00	$	88,859.38	$	392,718.75	
05/01/35	$	2,370,000.00	6.875%		$	81,468.75		
11/01/35	$	2,370,000.00	6.875%	$	230,000.00	$	81,468.75	$	392,937.50	
05/01/36	$	2,140,000.00	6.875%		$	73,562.50		
11/01/36	$	2,140,000.00	6.875%	$	250,000.00	$	73,562.50	$	397,125.00	
05/01/37	$	1,890,000.00	6.875%		$	64,968.75		
11/01/37	$	1,890,000.00	6.875%	$	265,000.00	$	64,968.75	$	394,937.50	
05/01/38	$	1,625,000.00	6.875%		$	55,859.38		
11/01/38	$	1,625,000.00	6.875%	$	285,000.00	$	55,859.38	$	396,718.75	
05/01/39	$	1,340,000.00	6.875%		$	46,062.50		
11/01/39	$	1,340,000.00	6.875%	$	300,000.00	$	46,062.50	$	392,125.00	
05/01/40	$	1,040,000.00	6.875%		$	35,750.00		
11/01/40	$	1,040,000.00	6.875%	$	325,000.00	$	35,750.00	$	396,500.00	
05/01/41	$	715,000.00	6.875%		$	24,578.13		
11/01/41	$	715,000.00	6.875%	$	345,000.00	$	24,578.13	$	394,156.25	
05/01/42	$	370,000.00	6.875%		$	12,718.75		
11/01/42	$	370,000.00	6.875%	$	370,000.00	$	12,718.75	$	395,437.50	
			$	4,755,000.00	$	4,966,487.52	$	9,876,681.27	

Randal Park
Community Development District
Debt Service - Series 2015

Description	Adopted FY2018
Budget	Actual
Thru 7/31/18	Projected
Next 2 Months	Total as of
9/30/18	Adopted FY2019
Budget	

Revenues						
Assessments	$596,080	$609,179	$0	$609,179	$596,080	
Prepayments	$0	$21,413	$0	$21,413	$0	
Interest	$0	$10,161	$0	$10,161	$0	
Carry Forward Surplus	$388,427	$402,036	$0	$402,036	$438,631	
Total Revenues	$984,507	$1,042,789	$0	$1,042,789	$1,034,711	

Expenditures						
Principal Payment 11/01	$150,000	$150,000	$0	$150,000	$155,000	
Interest Payment 11/01	$221,253	$221,253	$0	$221,253	$217,746	
Special Call Interest - 02/01	$0	$159	$0	$159	$0	
Special Call Prinicipal - 02/01	$0	$15,000	$0	$15,000	$0	
Interest Payment 05/01	$218,065	$217,746	$0	$217,746	$214,453	
Total Expenditures	$589,318	$604,158	$0	$604,158	$587,199	
						
Excess Revenue/(Expenditure	$395,189	$438,631	$0	$438,631	$447,513	
			
11/1/19	
Interest Payment	
$214,453	
Principal Payment 	$160,000 
 	$374,453 

Adopted Budget
	 	FY2019		
Net Assessments	$596,080	
Add: Discounts & Collections 6%	 	38,048 	
Gross Assessments	 	$634,128 	

Randal Park
Community Development District

DATE	BALANCE	RATE	PRINCIPAL	INTEREST	TOTAL	
						
11/01/18	$	8,745,000.00	7.25%	$	155,000.00	$	217,746.25	$	590,811.25	
05/01/19	$	8,590,000.00	7.25%		$	214,452.50		
11/01/19	$	8,590,000.00	7.38%	$	160,000.00	$	214,452.50	$	588,905.00	
05/01/20	$	8,430,000.00	7.38%		$	211,052.50		
11/01/20	$	8,430,000.00	7.38%	$	170,000.00	$	211,052.50	$	592,105.00	
05/01/21	$	8,260,000.00	7.38%		$	207,440.00		
11/01/21	$	8,260,000.00	7.38%	$	175,000.00	$	207,440.00	$	589,880.00	
05/01/22	$	8,085,000.00	7.38%		$	203,721.25		
11/01/22	$	8,085,000.00	7.38%	$	185,000.00	$	203,721.25	$	592,442.50	
05/01/23	$	7,900,000.00	7.38%		$	199,790.00		
11/01/23	$	7,900,000.00	7.38%	$	190,000.00	$	199,790.00	$	589,580.00	
05/01/24	$	7,710,000.00	7.38%		$	195,752.50		
11/01/24	$	7,710,000.00	7.38%	$	200,000.00	$	195,752.50	$	591,505.00	
05/01/25	$	7,510,000.00	7.38%		$	191,502.50		
11/01/25	$	7,510,000.00	7.38%	$	210,000.00	$	191,502.50	$	593,005.00	
05/01/26	$	7,300,000.00	7.38%		$	187,040.00		
11/01/26	$	7,300,000.00	7.38%	$	220,000.00	$	187,040.00	$	594,080.00	
05/01/27	$	7,080,000.00	7.38%		$	181,540.00		
11/01/27	$	7,080,000.00	7.38%	$	230,000.00	$	181,540.00	$	593,080.00	
05/01/28	$	6,850,000.00	7.38%		$	175,790.00		
11/01/28	$	6,850,000.00	7.38%	$	240,000.00	$	175,790.00	$	591,580.00	
05/01/29	$	6,610,000.00	7.38%		$	169,790.00		
11/01/29	$	6,610,000.00	7.38%	$	255,000.00	$	169,790.00	$	594,580.00	
05/01/30	$	6,355,000.00	7.38%		$	163,415.00		
11/01/30	$	6,355,000.00	7.38%	$	265,000.00	$	163,415.00	$	591,830.00	
05/01/31	$	6,090,000.00	7.38%		$	156,790.00		
11/01/31	$	6,090,000.00	7.38%	$	280,000.00	$	156,790.00	$	593,580.00	
05/01/32	$	5,810,000.00	7.38%		$	149,790.00		
11/01/32	$	5,810,000.00	7.38%	$	295,000.00	$	149,790.00	$	594,580.00	
05/01/33	$	5,515,000.00	7.38%		$	142,415.00		
11/01/33	$	5,515,000.00	7.38%	$	310,000.00	$	142,415.00	$	594,830.00	
05/01/34	$	5,205,000.00	7.38%		$	134,665.00		
11/01/34	$	5,205,000.00	7.38%	$	325,000.00	$	134,665.00	$	594,330.00	
05/01/35	$	4,880,000.00	7.38%		$	126,540.00		
11/01/35	$	4,880,000.00	7.38%	$	340,000.00	$	126,540.00	$	593,080.00	
05/01/36	$	4,540,000.00	7.38%		$	118,040.00		
11/01/36	$	4,540,000.00	7.38%	$	360,000.00	$	118,040.00	$	596,080.00	
05/01/37	$	4,180,000.00	7.38%		$	108,680.00		
11/01/37	$	4,180,000.00	7.38%	$	375,000.00	$	108,680.00	$	592,360.00	
05/01/38	$	3,805,000.00	7.38%		$	98,930.00		
11/01/38	$	3,805,000.00	7.38%	$	395,000.00	$	98,930.00	$	592,860.00	
05/01/39	$	3,410,000.00	7.38%		$	88,660.00		
11/01/39	$	3,410,000.00	7.38%	$	415,000.00	$	88,660.00	$	592,320.00	
05/01/40	$	2,995,000.00	7.38%		$	77,870.00		
11/01/40	$	2,995,000.00	7.38%	$	440,000.00	$	77,870.00	$	595,740.00	
05/01/41	$	2,555,000.00	7.38%		$	66,430.00		
11/01/41	$	2,555,000.00	7.38%	$	460,000.00	$	66,430.00	$	592,860.00	
05/01/42	$	2,095,000.00	7.38%		$	54,470.00		
11/01/42	$	2,095,000.00	7.38%	$	485,000.00	$	54,470.00	$	593,940.00	
05/01/43	$	1,610,000.00	7.38%		$	41,860.00		
11/01/43	$	1,610,000.00	7.38%	$	510,000.00	$	41,860.00	$	593,720.00	
05/01/44	$	1,100,000.00	7.38%		$	28,600.00		
11/01/44	$	1,100,000.00	7.38%	$	535,000.00	$	28,600.00	$	592,200.00	
05/01/45	$	565,000.00	7.38%		$	14,690.00		
11/01/45	$	565,000.00	7.38%	$	565,000.00	$	14,690.00	$	594,380.00	
			$	8,745,000.00	$	7,637,178.75	$	16,600,243.75	

DEBT SERVICE SCHEDULE - SERIES 2015 AMORTIZATION SCHEDULE

Randal Park CDD Assessments FY 2019

Phase 1A and 1B	No. Of Units	Per Unit, O & M	Series 2012	Series 2015	Total	
Single Family 40'	83	$1,063.34	$1,072.15	$0.00	$2,135.49	
Single Family 50'	106	$1,063.34	$1,125.75	$0.00	$2,189.09	
Single Family 60'	50	$1,063.34	$1,179.35	$0.00	$2,242.69	
Townhome	0	$1,063.34	$804.54	$0.00	$1,867.88	
Phase 2 & 3	No. Of Units	Per Unit, O & M	Series 2012	Series 2015	Total	
Single Family 40'	27	$1,063.34	$1,072.15	$300.59	$2,436.08	
Single Family 50'	27	$1,063.34	$1,125.75	$251.42	$2,440.51	
Single Family 60'	24	$1,063.34	$1,179.35	$202.25	$2,444.93	
Townhome	83	$1,063.34	$804.54	$313.83	$2,181.71	
Townhome	5	$1,063.34	$0.00	$1,117.01	$2,180.34	
Phase 4 & 5	No. Of Units	Per Unit, O & M	Series 2012	Series 2015	Total	
Single Family 40'	33	$1,063.34	$0.00	$1,551.10	$2,614.43	
Single Family 50'	119	$1,063.34	$0.00	$1,630.50	$2,693.84	
Single Family 60'	105	$1,063.34	$0.00	$1,704.62	$2,767.95	
Townhome	135	$1,063.34	$0.00	$1,164.64	$2,227.98	

Total Units 	797