Randal Park
Community Development District

Adopted Budget
FY 2022

Randal Park
Community Development District Table of Contents

1-2

3-10

11

12

13

14

15

16

17

18-19

 	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

 	Series 2018 Debt Service Fund

 	Series 2018 Amortization Schedule

 	General Fund Assessment Calculation

20	 	Assessments Schedule

Description	Adopted FY2021
Budget	Actual
Thru 6/30/21	Projected
Next 3 Months	Total as of
9/30/21	Adopted FY2022
Budget	

Revenues						
Special Assessments	$963,338	$974,830	$0	$974,830	$963,338	
Colonial Properties Contribution	$46,221	$35,249	$10,972	$46,221	$46,332	
Miscellaneous Revenue	$1,000	$1,240	$0	$1,240	$1,000	
Activities	$7,000	$2,300	$0	$2,300	$7,000	
Rentals	$7,000	$5,900	$0	$5,900	$7,000	
Total Revenues	$1,024,559	$1,019,519	$10,972	$1,030,491	$1,024,670	

Expenditures						
Administrative						
Supervisor Fees	$12,000	$6,400	$3,000	$9,400	$12,000	
FICA Expense	$900	$490	$230	$719	$900	
Annual Audit	$4,600	$4,300	$0	$4,300	$4,400	
Trustee Fees	$12,500	$8,500	$3,500	$12,000	$12,500	
Dissemination Agent	$10,500	$7,875	$2,625	$10,500	$10,500	
Arbitrage	$1,800	$600	$1,200	$1,800	$1,800	
Engineering	$10,000	$3,380	$1,620	$5,000	$10,000	
Attorney	$20,000	$13,211	$6,605	$19,816	$20,000	
Assessment Administration	$5,000	$5,000	$0	$5,000	$5,000	
Management Fees	$40,575	$30,431	$10,144	$40,575	$41,792	
Information Technology	$1,200	$750	$450	$1,200	$1,400	
Website Maintenance	$1,000	$0	$1,200	$1,200	$1,200	
Telephone	$100	$0	$30	$30	$100	
Postage	$650	$249	$83	$331	$650	
Insurance	$5,556	$5,304	$0	$5,304	$5,834	
Printing & Binding	$2,150	$718	$239	$957	$2,150	
Legal Advertising	$2,250	$508	$1,520	$2,028	$2,250	
Other Current Charges	$350	$1,011	$420	$1,431	$1,700	
Office Supplies	$200	$7	$25	$32	$200	
Property Appraiser	$800	$904	$0	$904	$800	
Property Taxes	$250	$241	$0	$241	$250	
Dues, Licenses & Subscriptions	$175	$175	$0	$175	$175	
Total Administrative	$132,556	$90,052	$32,891	$122,943	$135,601	
Maintenance						
Contract Services:
Field Management	
$17,390	
$13,043	
$4,348	
$17,390	
$17,912	
Wetland Maintenance	$9,600	$0	$4,800	$4,800	$9,600	
Mitigation Monitoring	$2,500	$0	$1,250	$1,250	$2,500	
Landscape Maintenance	$288,264	$216,116	$72,039	$288,155	$288,264	
Lake Maintenance	$9,600	$6,800	$2,520	$9,320	$9,600	
Security Patrol	$35,184	$23,263	$11,921	$35,184	$36,400	
Repairs & Maintenance
Facility Maintenance	
$29,120	
$30,782	
$11,931	
$42,713	
$29,120	
Repairs & Maintenance	$11,000	$4,922	$3,600	$8,522	$11,000	
Operating Supplies	$9,800	$3,343	$6,457	$9,800	$9,800	
Landscape Replacement	$10,500	$1,714	$2,579	$4,293	$10,500	
Irrigation Repairs	$10,000	$3,982	$1,408	$5,390	$10,000	
Alley Maintenance	$1,500	$230	$1,270	$1,500	$1,500	
Stormwater Repairs & Maintenance	$1,500	$0	$500	$500	$1,500	
Fountain Maintenance	$3,500	$3,213	$475	$3,688	$3,500	
Sign Maintenance	$1,000	$615	$281	$897	$1,000	
Pressure Washing	$5,700	$4,250	$0	$4,250	$5,700	

Description	Adopted FY2021
Budget	Actual
Thru 6/30/21	Projected
Next 3 Months	Total as of
9/30/21	Adopted FY2022
Budget	

Utilities
Utilities - Common Area	
$30,000	
$15,273	
$8,100	
$23,373	
$30,000	
Streetlighting	$110,000	$76,012	$25,397	$101,409	$110,000	
Amenity Center
Amenity Management	
$77,127	
$57,845	
$19,282	
$77,127	
$79,441	
Pool Attendants	$15,600	$6,750	$5,250	$12,000	$15,600	
Pool Permit	$550	$505	$0	$505	$550	
Cable TV/Internet/Telephone	$4,000	$2,491	$830	$3,321	$4,000	
Utilities - Amenity Center	$21,000	$14,360	$5,103	$19,463	$21,000	
Refuse Service	$2,400	$1,737	$619	$2,356	$2,400	
Amenity Center Access Cards	$1,000	$515	$485	$1,000	$1,000	
HVAC Maintenance	$574	$0	$574	$574	$574	
Special Events	$13,962	$3,763	$6,003	$9,766	$13,962	
Holiday Decorations	$4,410	$4,410	$0	$4,410	$4,410	
Security Monitoring	$600	$315	$105	$420	$600	
Janitorial Services	$16,000	$9,308	$3,800	$13,108	$16,000	
Pool Maintenance	$15,330	$12,419	$4,106	$16,525	$15,330	
Pool Repairs & Maintenance	$3,200	$4,832	$602	$5,434	$3,200	
Fitness Repairs & Maintenance	$5,000	$1,047	$382	$1,430	$5,000	
Amenity Repairs & Maintenance	$1,480	$0	$1,000	$1,000	$1,480	
Pest Control	$650	$450	$150	$600	$650	
Other
Property Insurance	
$33,570	
$33,568	
$0	
$33,568	
$36,925	
Contingency	$9,392	$3,863	$171	$4,034	$4,625	
Transfer Out - Capital Reserve	$80,000	$0	$80,000	$80,000	$74,426	
Total Maintenance	$892,003	$561,735	$287,339	$849,075	$889,069	
						
Total Expenditures	$1,024,559	$651,787	$320,230	$972,017	$1,024,670	
						
Excess Revenue/(Expenditures)	($0)	$367,732	($309,259)	$58,473	($0)	

Net Assessments
Add: Discounts & Collections 6

Adopted	Adopted	Adopted	Adopted Budget	Budget	Budget	Budget
 	FY2019		 	FY2020		 	FY2021		 	FY2022	
$796,630	$963,338	$963,338	$963,338
 	50,849	 	61,490	61,490	 	61,490	

Gross Assessments	 	$847,479 		$1,024,828		$1,024,828		$1,024,828	
Assessable Units	797		797		904		904	
Per Unit Assessment - Phases 1 - 5	$1,063.34		$1,285.86		$1,191.80		$1,191.80	
Per Unit Assessment - Randal Walk	$0.00		$0.00		$700.60		$700.60	
Notes:
(1 thru 6) is shared costs with Colonial Properties								

Total Proposed
FY 2022 Budget	Shared
Costs	Colonial Properties
Allocation	
$17,912	$8,956	$3,806	
$288,264	$74,400	$31,620	
$9,600	$1,260	$536	
$10,000	$2,000	$850	
$30,000	$16,000	$6,800	
$110,000	$6,400	$2,720	
Totals:	$109,016	$46,332	

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.

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 five supervisors attending 12 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, Series 2015 and Series 2018 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, Series 2015 and Series 2018 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
Represents 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.

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.

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:

Contract Services:
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.

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	
Randal Walk	$480	$5,760	
TOTAL		$288,264	
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
Total	$800	$	9,600
$	9,600	

Security Patrol

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

Repairs & Maintenance:
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.

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	

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:
Utilities – Common Area

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

Streetlighting

Orlando Utilities Commission provides for the streetlights within the community.

Amenity Center:
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.

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	
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	

Amenity Center Access Cards

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

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	

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	

Janitorial Services

The District has contracted with Rugby Commercial 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	
Rugby Commercial Cleaning, Inc.	$1,283 Contingency
TOTAL	$15,400
$600	
	$16,000	

Pool Maintenance

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

Description	Monthly	Annually	
Pool Maintenance			
Spies Pools (Chemicals)	$750	$9,000	
Roberts Pool Service	$528	$6,330	
TOTAL		$15,330	

Pool Repairs & Maintenance

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

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.

Amenity Repairs & Maintenance

Represents estimated cost for repairs and maintenance of the amenity center.

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
Contingency
TOTAL	$600
$50	
	$650	

Other:
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.

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

Randal Park
Community Development District
Capital Reserve Fund

Description	Adopted
FY2021
Budget	Actual
Thru 6/30/21	Projected
Next 3 Months	Total
as of 9/30/21	Adopted
FY2022
Budget	

Revenues						
Interest	$2,000	$371	$235	$606	$500	
Carry Forward Surplus	$322,042	$321,592	$0	$321,592	$377,198	
Total Revenues	$324,042	$321,963	$235	$322,198	$377,698	

Expenditures						
Capital Outlay	$25,000	$19,063	$5,937	$25,000	$25,000	
Walking Path Repair	$0	$0	$0	$0	$75,000	
Splash Pad	$0	$0	$0	$0	$18,000	
Pergola staining/repairs	$0	$0	$0	$0	$10,000	
Painting Parking lot fencing	$0	$0	$0	$0	$3,500	
Fountain	$0	$0	$0	$0	$20,000	
Total Expenditures	$25,000	$19,063	$5,937	$25,000	$151,500	

Other Financing Sources/(Uses)						
Tranfer In/Out	$80,000	$0	$80,000	$80,000	$74,426	
Total Other Financing Sources/(Uses	$80,000	$0	$80,000	$80,000	$74,426	
						
Excess Revenue/(Expenditures)	$379,042	$302,900	$74,298	$377,198	$300,624	

Randal Park
Community Development District
Debt Service -  Series 2012

Description	Adopted
FY2021
Budget	Actual
Thru 6/30/21	Projected
Next 3 Months	Total
as of 9/30/21	Adopted
FY2022
Budget	

Revenues						
Assessments	$397,350	$404,962	$0	$404,962	$397,350	
Interest	$5,000	$52	$17	$69	$100	
Prepayment	$0	$0	$0	$0	$0	
Carry Forward Surplus	$361,882	$369,005	$0	$369,005	$361,874	
Total Revenues	$764,232	$774,019	$17	$774,037	$759,324	

Expenditures						
Principal Payment - 11/01	$95,000	$95,000	$0	$95,000	$90,000	
Special Call - 11/01	$0	$15,000	$0	$15,000	$0	
Interest Payment - 11/01	$150,163	$150,163	$0	$150,163	$146,856	
Interest Payment - 05/01	$147,431	$147,000	$0	$147,000	$144,269	
Special Call - 08/01	$0	$0	$5,000	$5,000	$0	
Total Expenditures	$392,593	$407,163	$5,000	$412,163	$381,125	
						
Excess Revenue/(Expenditures)	$371,639	$366,857	($4,983)	$361,874	$378,199	

11/1/22		Interest Payment	$144,269 Principal Payment 		$95,000 
 	$239,269 

Adopted Budget
	 	FY2022		
Net Assessments	$397,350	
Add: Discounts & Collections 6%	 	$25,363 	
Gross Assessment	 	$422,713 	

	Randal Park Community Development District Series 2012 Special Assessment Bonds
Amortization Schedule		
Date	Balance	Prinicpal	Interest	Total	
			
11/01/21	$	4,465,000.00	$	90,000.00	$	146,856.25	$	381,125.00	
05/01/22	$	4,375,000.00	$	-	$	144,268.75		
11/01/22	$	4,375,000.00	$	95,000.00	$	144,268.75	$	380,806.25	
05/01/23	$	4,280,000.00	$	-	$	141,537.50		
11/01/23	$	4,280,000.00	$	115,000.00	$	141,537.50	$	394,553.13	
05/01/24	$	4,165,000.00	$	-	$	138,015.63		
11/01/24	$	4,165,000.00	$	125,000.00	$	138,015.63	$	397,203.13	
05/01/25	$	4,040,000.00	$	-	$	134,187.50		
11/01/25	$	4,040,000.00	$	125,000.00	$	134,187.50	$	389,546.88	
05/01/26	$	3,915,000.00	$	-	$	130,359.38		
11/01/26	$	3,915,000.00	$	135,000.00	$	130,359.38	$	391,584.38	
05/01/27	$	3,780,000.00	$	-	$	126,225.00		
11/01/27	$	3,780,000.00	$	140,000.00	$	126,225.00	$	388,162.50	
05/01/28	$	3,640,000.00	$	-	$	121,937.50		
11/01/28	$	3,640,000.00	$	150,000.00	$	121,937.50	$	389,281.25	
05/01/29	$	3,490,000.00	$	-	$	117,343.75		
11/01/29	$	3,490,000.00	$	160,000.00	$	117,343.75	$	389,787.50	
05/01/30	$	3,330,000.00	$	-	$	112,443.75		
11/01/30	$	3,330,000.00	$	170,000.00	$	112,443.75	$	389,681.25	
05/01/31	$	3,160,000.00	$	-	$	107,237.50		
11/01/31	$	3,160,000.00	$	180,000.00	$	107,237.50	$	388,962.50	
05/01/32	$	2,980,000.00	$	-	$	101,725.00		
11/01/32	$	2,980,000.00	$	190,000.00	$	101,725.00	$	387,631.25	
05/01/33	$	2,790,000.00	$	-	$	95,906.25		
11/01/33	$	2,790,000.00	$	205,000.00	$	95,906.25	$	389,765.63	
05/01/34	$	2,585,000.00	$	-	$	88,859.38		
11/01/34	$	2,585,000.00	$	215,000.00	$	88,859.38	$	385,328.13	
05/01/35	$	2,370,000.00	$	-	$	81,468.75		
11/01/35	$	2,370,000.00	$	230,000.00	$	81,468.75	$	385,031.25	
05/01/36	$	2,140,000.00	$	-	$	73,562.50		
11/01/36	$	2,140,000.00	$	250,000.00	$	73,562.50	$	388,531.25	
05/01/37	$	1,890,000.00	$	-	$	64,968.75		
11/01/37	$	1,890,000.00	$	265,000.00	$	64,968.75	$	385,828.13	
05/01/38	$	1,625,000.00	$	-	$	55,859.38		
11/01/38	$	1,625,000.00	$	285,000.00	$	55,859.38	$	386,921.88	
05/01/39	$	1,340,000.00	$	-	$	46,062.50		
11/01/39	$	1,340,000.00	$	300,000.00	$	46,062.50	$	381,812.50	

05/01/40	$
11/01/40	$
05/01/41	$
11/01/41	$
05/01/42	$

1,040,000.00	$
1,040,000.00	$
715,000.00	$
715,000.00	$
370,000.00	$

-	$
325,000.00	$
-	$
345,000.00	$
-	$

35,750.00
35,750.00	$
24,578.13
24,578.13	$
12,718.75

385,328.13

382,296.88

11/01/42	$	370,000.00	$	370,000.00	$	12,718.75	$	382,718.75	
		$	4,465,000.00	$	4,056,887.50	$	8,521,887.50	

Randal Park
Community Development District
Debt Service - Series 2015

Adopted	Actual	Projected	Total	Adopted
FY2021	Thru	Next 3	as of	FY2022
Description

Revenues	Budget	6/30/21	Months	9/30/21	Budget	
Assessments	$596,080	$593,920	$2,160	$596,080	$596,080	
Interest	$7,000	$72	$24	$96	$125	
Carry Forward Surplus	$478,263	$477,198	$0	$477,198	$491,475	
Total Revenues	$1,081,343	$1,071,190	$2,184	$1,073,374	$1,087,680	

Expenditures						
Principal Payment - 11/01	$165,000	$165,000	$0	$165,000	$170,000	
Interest Payment - 11/01	$210,203	$210,203	$0	$210,203	$206,803	
Interest Payment - 05/01	$206,803	$206,696	$0	$206,696	$203,190	
Total Expenditures	$582,006	$581,899	$0	$581,899	$579,993	
						
Excess Revenue/(Expenditure	$499,338	$489,291	$2,184	$491,475	$507,687	
			
11/1/22	
Interest Payment	
$203,190	
Principal Payment 	$180,000 
 	$383,190 

Adopted Budget
	 	FY2022		
Net Assessments	$596,080	
Add: Discounts & Collections 6%	 	$38,048 	
Gross Assessment	 	$634,128 	

Randal Park Community Development District Series 2015 Special Assessment Bonds
Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

05/01/21	$	8,230,000.00	$	
11/01/21	$	8,230,000.00	$	17	
05/01/22	$	8,060,000.00	$	
11/01/22	$	8,060,000.00	$	18	
05/01/23	$	7,880,000.00	$	
11/01/23	$	7,880,000.00	$	18	
05/01/24	$	7,695,000.00	$	
11/01/24	$	7,695,000.00	$	19	
05/01/25	$	7,500,000.00	$	
11/01/25	$	7,300,000.00	$	20	
05/01/26	$	7,300,000.00	$	
11/01/26	$	7,300,000.00	$	22	
05/01/27	$	7,080,000.00	$	
11/01/27	$	7,080,000.00	$	23	
05/01/28	$	6,850,000.00	$	
11/01/28	$	6,850,000.00	$	24	
05/01/29	$	6,610,000.00	$	
11/01/29	$	6,610,000.00	$	25	
05/01/30	$	6,355,000.00	$	
11/01/30	$	6,355,000.00	$	26	
05/01/31	$	6,090,000.00	$	
11/01/31	$	6,090,000.00	$	28	
05/01/32	$	5,810,000.00	$	
11/01/32	$	5,810,000.00	$	29	
05/01/33	$	5,515,000.00	$	
11/01/33	$	5,515,000.00	$	31	
05/01/34	$	5,205,000.00	$	
11/01/34	$	5,205,000.00	$	32	
05/01/35	$	4,880,000.00	$	
11/01/35	$	4,880,000.00	$	34	
05/01/36	$	4,540,000.00	$	
11/01/36	$	4,540,000.00	$	36	
05/01/37	$	4,180,000.00	$	
11/01/37	$	4,180,000.00	$	37	
05/01/38	$	3,805,000.00	$	
11/01/38	$	3,805,000.00	$	39	
05/01/39	$	3,410,000.00	$	
11/01/39	$	3,410,000.00	$	41	
05/01/40	$	2,995,000.00	$	
11/01/40	$	2,995,000.00	$	44	
05/01/41	$	2,555,000.00	$	
11/01/41	$	2,555,000.00	$	46	
05/01/42	$	2,095,000.00	$	
11/01/42	$	2,095,000.00	$	48	
05/01/43	$	1,610,000.00	$	
11/01/43	$	1,610,000.00	$	51	
05/01/44	$	1,100,000.00	$	
11/01/44	$	1,100,000.00	$	53	
05/01/45	$	565,000.00	$	
11/01/45	$	565,000.00	$	56	
		$	8,23	

$	206,802.50	$	206,802.50	
$	206,802.50	$	579,992.50	
$	203,190.00		
$	203,190.00	$	582,555.00	
$	199,365.00		
$	199,365.00	$	579,798.75	
$	195,433.75		
$	195,433.75	$	581,723.75	
$	191,290.00		
$	191,290.00	$	578,330.00	
$	187,040.00		
$	187,040.00	$	588,580.00	
$	181,540.00		
$	181,540.00	$	587,330.00	
$	175,790.00		
$	175,790.00	$	585,580.00	
$	169,790.00		
$	169,790.00	$	588,205.00	
$	163,415.00		
$	163,415.00	$	585,205.00	
$	156,790.00		
$	156,790.00	$	586,580.00	
$	149,790.00		
$	149,790.00	$	587,205.00	
$	142,415.00		
$	142,415.00	$	587,080.00	
$	134,665.00		
$	134,665.00	$	586,205.00	
$	126,540.00		
$	126,540.00	$	584,580.00	
$	118,040.00		
$	118,040.00	$	586,720.00	
$	108,680.00		
$	108,680.00	$	582,610.00	
$	98,930.00		
$	98,930.00	$	582,590.00	
$	88,660.00		
$	88,660.00	$	581,530.00	
$	77,870.00		
$	77,870.00	$	584,300.00	
$	66,430.00		
$	66,430.00	$	580,900.00	
$	54,470.00		
$	54,470.00	$	581,330.00	
$	41,860.00		
$	41,860.00	$	580,460.00	
$	28,600.00		
$	28,600.00	$	578,290.00	
$	14,690.00		
$	14,690.00	$	579,690.00	
$	6,564,172.50	$	14,794,172.50	

- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 5,000.00

0,000.00

Randal Park
Community Development District
Debt Service - Series 2018

Description	Adopted
FY2021
Budget	Actual
Thru 6/30/21	Projected
Next 3 Months	Total
as of 9/30/21	Adopted
FY2022
Budget	

Revenues						
Assessments	$117,674	$119,082	$0	$119,082	$ 117,673.75	
Interest	$500	$8	$3	$10	$50	
Carry Forward Surplus	$77,778	$49,198	$0	$49,198	$51,236	
Total Revenues	$195,952	$168,289	$3	$168,291	$168,960	

Expenditures						
Interest Payment - 11/01	$43,528	$43,528	$0	$43,528	$42,913	
Principal Payment - 05/01	$30,000	$30,000	$0	$30,000	$30,000	
Interest Payment - 05/01	$43,528	$43,528	$0	$43,528	$42,913	
Total Expenditures	$117,056	$117,055	$0	$117,055	$115,825	
						
Excess Revenue/(Expenditure	$78,897	$51,234	$3	$51,236	$53,135	

11/1/22	Interest Payment 	$42,298 
 	$42,298 

Adopted Budget

Net Assessments	 	FY2022	
$117,674	
Add: Discounts & Collections 6%	 	7,511 	
Gross Assessment	 	$125,185 	

Randal Park Community Development District Series 2018 Special Assessment Bonds
Amortization Schedule

Date	Balance	Prinicpal	Interest	Total

05/01/21	$	1,740,000.00	$	3	
11/01/21	$	1,710,000.00	$	
05/01/22	$	1,710,000.00	$	3	
11/01/22	$	1,680,000.00	$	
05/01/23	$	1,680,000.00	$	3	
11/01/23	$	1,650,000.00	$	
05/01/24	$	1,650,000.00	$	3	
11/01/24	$	1,620,000.00	$	
05/01/25	$	1,620,000.00	$	3	
11/01/25	$	1,585,000.00	$	
05/01/26	$	1,585,000.00	$	3	
11/01/26	$	1,550,000.00	$	
05/01/27	$	1,550,000.00	$	3	
11/01/27	$	1,515,000.00	$	
05/01/28	$	1,515,000.00	$	4	
11/01/28	$	1,475,000.00	$	
05/01/29	$	1,475,000.00	$	4	
11/01/29	$	1,435,000.00	$	
05/01/30	$	1,435,000.00	$	4	
11/01/30	$	1,390,000.00	$	
05/01/31	$	1,390,000.00	$	4	
11/01/31	$	1,345,000.00	$	
05/01/32	$	1,345,000.00	$	4	
11/01/32	$	1,300,000.00	$	
05/01/33	$	1,300,000.00	$	5	
11/01/33	$	1,250,000.00	$	
05/01/34	$	1,250,000.00	$	5	
11/01/34	$	1,200,000.00	$	
05/01/35	$	1,200,000.00	$	5	
11/01/35	$	1,145,000.00	$	
05/01/36	$	1,145,000.00	$	6	
11/01/36	$	1,085,000.00	$	
05/01/37	$	1,085,000.00	$	6	
11/01/37	$	1,025,000.00	$	
05/01/38	$	1,025,000.00	$	6	
11/01/38	$	960,000.00	$	
05/01/39	$	960,000.00	$	6	
11/01/39	$	895,000.00	$	
05/01/40	$	895,000.00	$	7	
11/01/40	$	825,000.00	$	
05/01/41	$	825,000.00	$	7	
11/01/41	$	750,000.00	$	
05/01/42	$	750,000.00	$	8	
11/01/42	$	670,000.00	$	
05/01/43	$	670,000.00	$	8	
11/01/43	$	585,000.00	$	
05/01/44	$	585,000.00	$	8	
11/01/44	$	500,000.00	$	
05/01/45	$	500,000.00	$	9	
11/01/45	$	410,000.00	$	
05/01/46	$	410,000.00	$	9	
11/01/46	$	315,000.00	$	
05/01/47	$	315,000.00	$	10	
11/01/47	$	215,000.00	$	
05/01/48	$	215,000.00	$	10	
11/01/48	$	110,000.00	$	
05/01/49	$	110,000.00	$	11	
		$	1,74	

$	43,527.50		
$	42,912.50	$	116,440.00	
$	42,912.50		
$	42,297.50	$	115,210.00	
$	42,297.50		
$	41,682.50	$	113,980.00	
$	41,682.50		
$	41,067.50	$	112,750.00	
$	41,067.50		
$	40,280.00	$	116,347.50	
$	40,280.00		
$	39,492.50	$	114,772.50	
$	39,492.50		
$	38,705.00	$	113,197.50	
$	38,705.00		
$	37,805.00	$	116,510.00	
$	37,805.00		
$	36,905.00	$	114,710.00	
$	36,905.00		
$	35,768.75	$	117,673.75	
$	35,768.75		
$	34,632.50	$	115,401.25	
$	34,632.50		
$	33,496.25	$	113,128.75	
$	33,496.25		
$	32,233.75	$	115,730.00	
$	32,233.75		
$	30,971.25	$	113,205.00	
$	30,971.25		
$	29,582.50	$	115,553.75	
$	29,582.50		
$	28,067.50	$	117,650.00	
$	28,067.50		
$	26,552.50	$	114,620.00	
$	26,552.50		
$	24,911.25	$	116,463.75	
$	24,911.25		
$	23,270.00	$	113,181.25	
$	23,270.00		
$	21,450.00	$	114,720.00	
$	21,450.00		
$	19,500.00	$	115,950.00	
$	19,500.00		
$	17,420.00	$	116,920.00	
$	17,420.00		
$	15,210.00	$	117,630.00	
$	15,210.00		
$	13,000.00	$	113,210.00	
$	13,000.00		
$	10,660.00	$	113,660.00	
$	10,660.00		
$	8,190.00	$	113,850.00	
$	8,190.00		
$	5,590.00	$	113,780.00	
$	5,590.00		
$	2,860.00	$	113,450.00	
$	2,860.00	$	112,860.00	
$	1,592,555.00	$	3,332,555.00	

0,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
-
0,000.00
- 5,000.00
- 0,000.00

0,000.00

Description	Adopted
FY2022
Budget	

Randal Park	

Randal Walk	

Combined	Adopted
FY2022
Total	

Revenues						
Special Assessments	$963,338	$432,052	$8,600	$522,687	$963,338	
Colonial Properties Contribution	$46,332	$0	$0	$46,332	$46,332	
Miscellaneous Revenue	$1,000	$0	$0	$1,000	$1,000	
Activities	$7,000	$7,000	$0	$0	$7,000	
Rentals	$7,000	$7,000	$0	$0	$7,000	
Total Revenues	$1,024,670	$446,052	$8,600	$570,019	$1,024,670	

Expenditures						
Administrative						
Supervisor Fees	$12,000	$0	$0	$12,000	$12,000	
FICA Expense	$900	$0	$0	$900	$900	
Annual Audit	$4,400	$0	$0	$4,400	$4,400	
Trustee Fees	$12,500	$8,000	$4,500	$0	$12,500	
Dissemination Agent	$10,500	$7,000	$3,500	$0	$10,500	
Arbitrage	$1,800	$1,200	$600	$0	$1,800	
Engineering	$10,000	$0	$0	$10,000	$10,000	
Attorney	$20,000	$0	$0	$20,000	$20,000	
Assessment Administration	$5,000	$0	$0	$5,000	$5,000	
Management Fees	$41,792	$0	$0	$41,792	$41,792	
Information Technology	$1,400	$0	$0	$1,400	$1,400	
Website Maintance	$1,200	$0	$0	$1,200	$1,200	
Telephone	$100	$0	$0	$100	$100	
Postage	$650	$0	$0	$650	$650	
Insurance	$5,834	$0	$0	$5,834	$5,834	
Printing & Binding	$2,150	$0	$0	$2,150	$2,150	
Legal Advertising	$2,250	$0	$0	$2,250	$2,250	
Other Current Charges	$1,700	$0	$0	$1,700	$1,700	
Office Supplies	$200	$0	$0	$200	$200	
Property Appraiser	$800	$0	$0	$800	$800	
Property Taxes	$250	$0	$0	$250	$250	
Dues, Licenses & Subscriptions	$175	$0	$0	$175	$175	
Total Administrative	$135,601	$16,200	$8,600	$110,801	$135,601	
Maintenance						
Contract Services:
Field Management	
$17,912	
$0	
$0	
$17,912	
$17,912	
Wetland Maintenance	$9,600	$0	$0	$9,600	$9,600	
Mitigation Monitoring	$2,500	$0	$0	$2,500	$2,500	
Landscape Maintenance (75%/25%)	$288,264	$70,626	$0	$217,638	$288,264	
Lake Maintenance	$9,600	$0	$0	$9,600	$9,600	
Security Patrol (75%/25%)	$36,400	$27,300	$0	$9,100	$36,400	
Repairs & Maintenance
Facility Maintenance (75%/25%)	
$29,120	
$21,840	
$0	
$7,280	
$29,120	
Repairs & Maintenance (75%/25%)	$11,000	$8,250	$0	$2,750	$11,000	
Operating Supplies (75%/25%)	$9,800	$7,350	$0	$2,450	$9,800	
Landscape Replacement (75%/25%)	$10,500	$7,875	$0	$2,625	$10,500	
Irrigation Repairs	$10,000	$0	$0	$10,000	$10,000	
Alley Maintenance	$1,500	$0	$0	$1,500	$1,500	
Stormwater Repairs & Maintenance	$1,500	$0	$0	$1,500	$1,500	
Fountain Maintenance	$3,500	$0	$0	$3,500	$3,500	
Sign Maintenance	$1,000	$0	$0	$1,000	$1,000	
Pressure Washing (20%/80%)	$5,700	$1,140	$0	$4,560	$5,700	

	Adopted				Adopted	
	FY2022				FY2022	
Description	Budget	Randal Park	Randal Walk	Combined	Total	

Utilities						
Utilities - Common Area	$30,000	$0	$0	$30,000	$30,000	
Streetlighting	$110,000	$0	$0	$110,000	$110,000	
Amenity Center						
Amenity Management	$79,441	$79,441	$0	$0	$79,441	
Pool Attendants	$15,600	$15,600	$0	$0	$15,600	
Pool Permit	$550	$550	$0	$0	$550	
Cable TV/Internet/Telephone	$4,000	$4,000	$0	$0	$4,000	
Utilities - Amenity Center	$21,000	$21,000	$0	$0	$21,000	
Refuse Service	$2,400	$2,400	$0	$0	$2,400	
Amenity Center Access Cards	$1,000	$1,000	$0	$0	$1,000	
HVAC Maintenance	$574	$574	$0	$0	$574	
Special Events	$13,962	$13,962	$0	$0	$13,962	
Holiday Decorations	$4,410	$4,410	$0	$0	$4,410	
Security Monitoring	$600	$600	$0	$0	$600	
Janitorial Services	$16,000	$16,000	$0	$0	$16,000	
Pool Maintenance	$15,330	$15,330	$0	$0	$15,330	
Pool Repairs & Maintenance	$3,200	$3,200	$0	$0	$3,200	
Fitness Repairs & Maintenance	$5,000	$5,000	$0	$0	$5,000	
Amenity Repairs & Maintenance	$1,480	$1,480	$0	$0	$1,480	
Pest Control	$650	$650	$0	$0	$650	
Other						
Property Insurance (70%/30%)	$36,925	$25,848	$0	$11,078	$36,925	
Contingency	$4,625	$0	$0	$4,625	$4,625	
Transfer Out - Capital Reserve	$74,426	$74,426	$0	$0	$74,426	
Total Maintenance	$889,069	$429,852	$0	$459,218	$889,069	
						
Total Expenditures	$1,024,670	$446,052	$8,600	$570,019	$1,024,670	
						
Excess Revenue/(Expenditures)	$0	$0	$0	$0	$0	

Net Assessments		

$432,052	

$8,600	

$522,687	

$963,338	
Add: Discounts and Collections (6%)		$27,578	$549	$33,363	$61,490	
Gross Assesment		$459,629	$9,149	$556,050	$1,024,828	
Assessable Units		
797	
107	
904	
Total	
Per Unit Assessments - Phases 1 - 5		$576.70	$0.00	$615.10	$1,191.80	
Per Unit Assessments - Randal Walk		$0.00	$85.50	$615.10	$700.60	

Randal Park
Community Development District Assessments Schedule - FY2022

Phase 1A and 1B No. Of Units	Per Unit, O & M	Series 2012	Series 2015	Series 2018	Total	
Single Family 40'	83	$1,192	$1,072	$0	$0	$2,264	
Single Family 50'	106	$1,192	$1,126	$0	$0	$2,318	
Single Family 60'	50	$1,192	$1,179	$0	$0	$2,371	
Townhome	0	$0	$0	$0	$0	$0	
Phase 2 & 3	No. Of Units	Per Unit, O & M	Series 2012	Series 2015	Series 2018	Total	
Single Family 40'	27	$1,192	$1,072	$301	$0	$2,565	
Single Family 50'	27	$1,192	$1,126	$251	$0	$2,569	
Single Family 60'	24	$1,192	$1,179	$202	$0	$2,573	
Townhome	83	$1,192	$805	$314	$0	$2,310	
Townhome	5	$1,192	$0	$1,117		$2,309	
Phase 4 & 5	No. Of Units	Per Unit, O & M	Series 2012	Series 2015	Series 2018	Total	
Single Family 40'	33	$1,192	$0	$1,551	$0	$2,743	
Single Family 50'	119	$1,192	$0	$1,631	$0	$2,822	
Single Family 60'	105	$1,192	$0	$1,705	$0	$2,896	
Townhome	135	$1,192	$0	$1,165	$0	$2,356	
Randal Walk	No. Of Units	Per Unit, O & M	Series 2012	Series 2015	Series 2018	Total	
Single Family 40'	0	$0	$0	$0	$0	$0	
Single Family 50'	0	$0	$0	$0	$0	$0	
Single Family 60'	0	$0	$0	$0	$0	$0	
Townhome	107	$701	$0	$0	$1,170	$1,871	

Total Units 	904