Randal Park
Community Development District

Proposed Budget
FY 2023

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 FY2022
Budget	Actual
Thru 4/30/22	Projected
Next 5 Months	Total as of
9/30/22	Proposed FY2023
Budget	

Revenues						
Special Assessments	$	963,338	$	953,080	$	10,259	$	963,339	$	963,338	
Colonial Properties Contribution	$	46,332	$	27,715	$	19,797	$	47,512	$	47,088	
Miscellaneous Revenue	$	1,000	$	670	$	375	$	1,045	$	1,000	
Activities	$	7,000	$	1,556	$	500	$	2,056	$	7,000	
Rentals	$	7,000	$	11,250	$	2,500	$	13,750	$	7,000	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	-	
Total Revenues	$ 1,024,670	$	994,271	$	33,431	$ 1,027,702	$  1,025,427	

Expenditures						
Administrative						
Supervisor Fees	$	12,000	$	5,000	$	5,000	$	10,000	$	12,000	
FICA Expense	$	900	$	383	$	375	$	758	$	900	
Annual Audit	$	4,400	$	4,400	$	-	$	4,400	$	4,500	
Trustee Fees	$	12,500	$	8,500	$	3,500	$	12,000	$	12,500	
Dissemination Agent	$	10,500	$	6,125	$	4,375	$	10,500	$	10,500	
Arbitrage	$	1,800	$	-	$	1,200	$	1,200	$	1,800	
Engineering	$	10,000	$	190	$	4,167	$	4,357	$	10,000	
Attorney	$	20,000	$	7,409	$	8,750	$	16,159	$	20,000	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Management Fees	$	41,792	$	24,379	$	17,413	$	41,792	$	43,882	
Information Technology	$	1,400	$	817	$	583	$	1,400	$	1,800	
Website Maintenance	$	1,200	$	700	$	500	$	1,200	$	1,200	
Telephone	$	100	$	-	$	42	$	42	$	100	
Postage	$	650	$	252	$	271	$	523	$	650	
Insurance	$	5,834	$	5,490	$	-	$	5,490	$	7,440	
Printing & Binding	$	2,150	$	353	$	896	$	1,248	$	2,150	
Legal Advertising	$	2,250	$	646	$	1,604	$	2,250	$	2,250	
Other Current Charges	$	1,700	$	347	$	875	$	1,222	$	1,700	
Office Supplies	$	200	$	224	$	20	$	244	$	200	
Property Appraiser	$	800	$	-	$	-	$	-	$	800	
Property Taxes	$	250	$	286	$	-	$	286	$	300	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	135,601	$	70,675	$	49,570	$	120,246	$	139,847	

Maintenance						
Contract Services:
Field Management	
$	17,912	
$	10,449	
$	7,463	
$	17,912	
$	18,808	
Wetland Maintenance	$	9,600	$	-	$	-	$	-	$	-	
Mitigation Monitoring	$	2,500	$	9,600	$	9,600	$	19,200	$	19,200	
Landscape Maintenance	$	288,264	$	168,090	$	120,065	$	288,155	$	302,677	
Lake Maintenance	$	9,600	$	5,040	$	5,040	$	10,080	$	10,700	
Security Patrol	$	36,400	$	12,470	$	16,999	$	29,468	$	41,250	
Repairs & Maintenance
Facility Maintenance	
$	29,120	
$	16,987	
$	12,133	
$	29,120	
$	30,576	
Repairs & Maintenance	$	11,000	$	11,484	$	5,000	$	16,484	$	19,000	
Operating Supplies	$	9,800	$	3,175	$	4,083	$	7,258	$	9,800	
Landscape Replacement	$	10,500	$	10,063	$	-	$	10,063	$	15,000	
Irrigation Repairs	$	10,000	$	1,198	$	4,167	$	5,364	$	10,000	
Alley Maintenance	$	1,500	$	-	$	625	$	625	$	-	
Stormwater Repairs & Maintenance	$	1,500	$	-	$	625	$	625	$	-	
Fountain Maintenance	$	3,500	$	1,370	$	1,750	$	3,120	$	3,800	
Sign Maintenance	$	1,000	$	199	$	801	$	1,000	$	-	
Pressure Washing	$	5,700	$	8,350	$	-	$	8,350	$	8,000	
Subtotal Maintenance	$	447,896	$	258,474	$  188,351	$	446,825	$	488,811	

Description	Adopted FY2022
Budget	Actual
Thru 4/30/22	Projected
Next 5 Months	Total as of
9/30/22	Proposed FY2023
Budget	

Utilities
Utilities - Common Area	

$	30,000	

$	10,920	

$	12,500	

$	23,420	

$	30,000	
Streetlighting	$	110,000	$	59,389	$	42,544	$	101,933	$	110,000	
Amenity Center
Amenity Management	
$	79,441	
$	46,341	
$	33,100	
$	79,441	
$	87,385	
Pool Attendants	$	15,600	$	1,256	$	14,000	$	15,256	$	15,600	
Pool Permit	$	550	$	-	$	505	$	505	$	550	
Cable TV/Internet/Telephone	$	4,000	$	2,016	$	1,456	$	3,472	$	4,415	
Utilities - Amenity Center	$	21,000	$	8,819	$	8,000	$	16,819	$	21,000	
Refuse Service	$	2,400	$	1,497	$	1,070	$	2,567	$	2,880	
Amenity Center Access Cards	$	1,000	$	-	$	1,000	$	1,000	$	1,000	
HVAC Maintenance	$	574	$	95	$	479	$	574	$	574	
Special Events	$	13,962	$	13,239	$	400	$	13,639	$	14,962	
Holiday Decorations	$	4,410	$	8,179	$	-	$	8,179	$	8,500	
Security Monitoring	$	600	$	2,567	$	775	$	3,342	$	1,920	
Janitorial Services	$	16,000	$	11,037	$	6,750	$	17,787	$	18,600	
Pool Maintenance	$	15,330	$	9,378	$	6,750	$	16,128	$	17,000	
Pool Repairs & Maintenance	$	3,200	$	1,809	$	1,333	$	3,142	$	-	
Fitness Repairs & Maintenance	$	5,000	$	1,681	$	2,083	$	3,765	$	5,000	
Amenity Repairs & Maintenance	$	1,480	$	-	$	617	$	617	$	5,480	
Pest Control	$	650	$	300	$	300	$	600	$	1,180	
Other
Property Insurance	
$	36,925	
$	34,743	
$	-	
$	34,743	
$	41,692	
Contingency	$	4,625	$	4,931	$	1,000	$	5,931	$	7,500	
Transfer Out - Capital Reserve	$	74,426	$	-	$	74,426	$	74,426	$	1,530	
Subtotal Maintenance	$	441,173	$	218,198	$  209,089	$	427,287	$	396,768	
						
Total Expenditures	$ 1,024,670	$	547,347	$  447,010	$	994,357	$  1,025,426	
						
Net Change in Fund Balance	$	-	$	446,924	$  (413,579)	$	33,345	$	0	

Net Assessments	

Adopted Budget
	FY2020	
$	963,338	

Adopted Budget
	FY2021	
$	963,338	

Adopted Budget
	FY2022	
$	963,338	

Proposed Budget
	FY2023	
$	963,338		
Add: Discounts & Collections 6%	 $	61,490	$	61,490	$	61,490   $	61,490		
Gross Assessments	 $	1,024,828 	 $	1,024,828 	 $  1,024,828 	 $	1,024,828		
Assessable Units	797	904	904	904	
Per Unit Assessment - Phases 1 - 5	$	1,285.86	$	1,191.80	$	1,191.80	$	1,191.80	
Per Unit Assessment - Randal Walk	$	-	$	700.60	$	700.60	$	700.60	
Notes:
(1 thru 6) is shared costs with Colonial Properties					

Total Proposed
FY2023 Budget	Shared
Costs	Colonial Properties
Allocation	
$	18,808	$	9,404	$	3,997	
$	302,677	$	75,669	$	32,159	
$	10,700	$	1,323	$	562	
$	10,000	$	2,000	$	850	
$	30,000	$	16,000	$	6,800	
$	110,000	$	6,400	$	2,720	
Totals:	$  110,796	$	47,088	

1 Facilities Management & Maintenance
2 Landscape Maintenance
3 Lake Maintenance
4 Irrigation Repairs
5 Utilities
6 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. The district has contracted with Governmental Management Services – Central Florida, LLC.

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 with Governmental Management Services – Central Florida LLC related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, security, accounting software, etc.

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. The District is contracted with Governmental Management Services – Central Florida LLC.

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	$6,324	$75,888	
Phase 1-3/Amenity Center	$12,583	$150,993	
Phase 4	$1,912	$22,938	
Phase 5	$3,195	$38,336	
Estimated Increase			$14,522 	
TOTAL		$302,677	

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 Estimated Increase
Total	$840	$10,080
$504	
		$10,584	

Security Patrol

The District has contracted with the Orlando Police Department 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)	$150	$1,800	
Contingency		$1,300	
TOTAL		$3,800	

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 has cable television, cable, internet service, and music services at the Amenity Center.

Description	Monthly	Annually	
Cable TV/Internet/Telephone			
Brighthouse Networks	$291	$3,492	
Contingency		$923	
TOTAL		$4,415	

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
TOTAL	$240	$2,880	
		$2,880	

Amenity Center Access Cards

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

HVAC Maintenance

The District will have preventative maintenance performed on the HVAC 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	
Synergy Wi-Pak
TOTAL	$35
$125	$420
$1,500	
		$1,920	

Janitorial Services

The District has contracted with Rugby Commercial Cleaning, Inc. to provide janitorial services and supplies for the Amenity Center. The amount is based upon 5 days per week throughout the fiscal year. Cintas also provides cleaning services for the District’s amenity bathroom mats.

Description	Monthly	Annually	
Rugby Commercial Cleaning, Inc.	$1,365	$16,380	
Cintas - Mat Cleanings		$1,500	
Janitorial Supplies/Materials		$720	
TOTAL		$18,600	

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	$600	$7,200	
Contingency		$800	
TOTAL		$17,000	

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 Arrow Environmental for monthly treatment at the Amenity Center

Description	Monthly	Annually	
Pest Control Termite Bond
TOTAL	$50	$600
	$580 
$1,180	

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

Capital Reserve Fund

Description	Adopted FY2022
Budget	Actual Thru
4/30/22	Projected Next 5
Months	Total as of
9/30/22	Proposed FY2023
Budget	

Revenues						
Interest	$	500	$	403	$	-	$	403	$	500	
Carry Forward Surplus	$	377,198	$	369,114	$	-	$	369,114	$	254,405	
Total Revenues	$  377,698	$  369,518	$	-	$	369,518	$  254,905	

Expenditures						
Capital Outlay	$	25,000	$	29,941	$	-	$	29,941	$	25,000	
Walking Path Repair	$	75,000	$	-	$	75,000	$	75,000	$	-	
Splash Pad	$	18,000	$	17,062	$	-	$	17,062	$	-	
Pergola staining/repairs	$	10,000	$	-	$	9,500	$	9,500	$	-	
Painting Parking lot fencing	$	3,500	$	-	$	3,000	$	3,000	$	-	
Fountain	$	20,000	$	4,584	$	15,416	$	20,000	$	-	
Shade Structures	$	-	$	-	$	35,000	$	35,035	$	115,000	
Soccer Field Turf Replacement	$	-	$	-	$	-	$	-	$	6,000	
Roof	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$  151,500	$	51,587	$  137,916	$  189,538	$  146,000	

Other Financing Sources/(Uses)						
Tranfer In/Out	$	74,426	$	-	$	74,426	$	74,426	$	1,530	
Total Other Financing Sources/(Uses)	$	74,426	$	-	$	74,426	$	74,426	$	1,530	
						
Excess Revenue/(Expenditures)	$  300,624	$  317,930	$	(63,490)	$  254,405	$  110,435	

Debt Service - Series 2012

Description	Adopted FY2022
Budget	Actual
Thru 4/30/22	Projected
Next 5 Months	Total as of
9/30/22	Proposed FY2023
Budget	

Revenues						
Assessments	$	397,350	$	395,927	$	4,262	$	400,189	$	397,350	
Interest	$	100	$	81	$	-	$	81	$	100	
Carry Forward Surplus	$	361,874	$	366,216	$	-	$	366,216	$	385,361	
Total Revenues	$  759,324	$  762,224	$	4,262	$  766,486	$  782,811	

Expenditures						
Principal Payment - 11/01	$	90,000	$	90,000	$	-	$	90,000	$	95,000	
Interest Payment - 11/01	$	146,856	$	146,856	$	-	$	146,856	$	144,269	
Interest Payment - 05/01	$	144,269	$	-	$	144,269	$	144,269	$	141,538	
Total Expenditures	$  381,125	$  236,856	$  144,269	$  381,125	$  380,806	
						
Excess Revenue/(Expenditures)	$  378,199	$  525,368	$ (140,007)	$  385,361	$  402,004	
				
Interest Payment	
$	141,538	
Principal Payment  $	115,000 
 $	256,538 

Proposed Budget
	FY2023	

Net Assessments
Add: Discounts & Collections 6% Gross Assessments

$	397,350
 $	25,363 
 $	422,713 

Randal Park Community Development District Series 2012 Special Assessment Bonds
Amortization Schedule

Date	Balance	Principal	Interest	Total

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	$	1,040,000.00	$	-	$	35,750.00		
11/01/40	$	1,040,000.00	$	325,000.00	$	35,750.00	$	385,328.13	
05/01/41	$	715,000.00	$	-	$	24,578.13		
11/01/41	$	715,000.00	$	345,000.00	$	24,578.13	$	382,296.88	
05/01/42	$	370,000.00	$	-	$	12,718.75		
11/01/42	$	370,000.00	$	370,000.00	$	12,718.75	$	382,718.75	
			$	4,375,000.00	$	3,765,762.50	$	8,140,762.50	

Randal Park
Community Development District
Debt Service - Series 2015

Description	Adopted FY2022
Budget	Actual Thru
4/30/22	Projected Next 5
Months	Total as of
9/30/22	Proposed FY2023
Budget	

Revenues					
Assessments	$	596,080	$	580,127	$	6,244	$	586,371	$	596,080	
Interest	$	125	$	113	$	-	$	113	$	125	
Carry Forward Surplus	$	491,475	$	502,665	$	-	$	502,665	$	504,210	
Total Revenues	$	1,087,680	$	1,082,906	$	6,244	$	1,089,150	$ 1,100,415	

Expenditures					
Principal Payment - 11/01	$	170,000	$	170,000	$	-	$	170,000	$	180,000	
Interest Payment - 11/01	$	206,803	$	206,696	$	-	$	206,696	$	203,190	
Special Call - 02/01	$	-	$	5,000	$	-	$	5,000	$	-	
Interest Payment - 02/01	$	-	$	53	$	-	$	53	$	-	
Interest Payment - 05/01	$	203,190	$	-	$	203,190	$	203,190	$	199,365	
Total Expenditures	$	579,993	$	381,749	$  203,190	$	584,939	$  582,555	
						
Excess Revenue/(Expenditures)	$	507,687	$	701,157	$ (196,946)	$	504,210	$  517,860	
				
Interest Payment	
$	199,365	
Principal Payment  $	185,000 
 $	384,365 

Proposed Budget
	FY2023	

Net Assessments
Add: Discounts & Collections 6% Gross Assessment

$	596,080
 $	38,048 
 $	634,128 

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

Date	Balance	Principal	Interest	Total

11/01/22	$	8,060,000.00	$	180	
05/01/23	$	7,880,000.00	$	
11/01/23	$	7,880,000.00	$	185	
05/01/24	$	7,695,000.00	$	
11/01/24	$	7,695,000.00	$	195	
05/01/25	$	7,500,000.00	$	
11/01/25	$	7,300,000.00	$	200	
05/01/26	$	7,300,000.00	$	
11/01/26	$	7,300,000.00	$	220	
05/01/27	$	7,080,000.00	$	
11/01/27	$	7,080,000.00	$	230	
05/01/28	$	6,850,000.00	$	
11/01/28	$	6,850,000.00	$	240	
05/01/29	$	6,610,000.00	$	
11/01/29	$	6,610,000.00	$	255	
05/01/30	$	6,355,000.00	$	
11/01/30	$	6,355,000.00	$	265	
05/01/31	$	6,090,000.00	$	
11/01/31	$	6,090,000.00	$	280	
05/01/32	$	5,810,000.00	$	
11/01/32	$	5,810,000.00	$	295	
05/01/33	$	5,515,000.00	$	
11/01/33	$	5,515,000.00	$	310	
05/01/34	$	5,205,000.00	$	
11/01/34	$	5,205,000.00	$	325	
05/01/35	$	4,880,000.00	$	
11/01/35	$	4,880,000.00	$	340	
05/01/36	$	4,540,000.00	$	
11/01/36	$	4,540,000.00	$	360	
05/01/37	$	4,180,000.00	$	
11/01/37	$	4,180,000.00	$	375	
05/01/38	$	3,805,000.00	$	
11/01/38	$	3,805,000.00	$	395	
05/01/39	$	3,410,000.00	$	
11/01/39	$	3,410,000.00	$	415	
05/01/40	$	2,995,000.00	$	
11/01/40	$	2,995,000.00	$	440	
05/01/41	$	2,555,000.00	$	
11/01/41	$	2,555,000.00	$	460	
05/01/42	$	2,095,000.00	$	
11/01/42	$	2,095,000.00	$	485	
05/01/43	$	1,610,000.00	$	
11/01/43	$	1,610,000.00	$	510	
05/01/44	$	1,100,000.00	$	
11/01/44	$	1,100,000.00	$	535	
05/01/45	$	565,000.00	$	
11/01/45	$	565,000.00	$	565	
			$	8,060	

$	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	

,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00  $

5,947,377.50  $

14,007,377.50

Randal Park
Community Development District			

Debt Service -	

Series 2018	
Adopted	Actual	Projected	Total	Proposed	
FY2022	Thru	Next 5	as of	FY2023	
Description	Budget	4/30/22	Months	9/30/22	Budget	

Revenues					
Assessments	$	117,674	$	116,425	$	1,253	$	117,679	$	117,674	
Interest	$	50	$	14	$	-	$	14	$	50	
Carry Forward Surplus	$	51,236	$	52,536	$	-	$	52,536	$	54,404	
Total Revenues	$  168,960	$  168,976	$	1,253	$  170,229	$  172,128	

Expenditures					
Interest Payment - 11/01	$	42,913	$	42,913	$	-	$	42,913	$	42,298	
Principal Payment - 05/01	$	30,000	$	-	$	30,000	$	30,000	$	30,000	
Interest Payment - 05/01	$	42,913	$	-	$	42,913	$	42,913	$	42,298	
Total Expenditures	$  115,825	$	42,913	$	72,913	$  115,825	$  114,595	
					
Excess Revenue/(Expenditures)  $	53,135	$  126,063	$	(71,659)	$	54,404	$	57,533	

Interest Payment 11/1/23  $	41,683 
 $	41,683 

Proposed Budget
	FY2023	

Net Assessments
Add: Discounts & Collections 6% Gross Assessment

$	117,674
 $	7,511 
 $	125,185 

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

Date	Balance	Principal	Interest	Total

11/01/22	$	1,680,000.00	$	
05/01/23	$	1,680,000.00	$	30	
11/01/23	$	1,650,000.00	$	
05/01/24	$	1,650,000.00	$	30	
11/01/24	$	1,620,000.00	$	
05/01/25	$	1,620,000.00	$	35	
11/01/25	$	1,585,000.00	$	
05/01/26	$	1,585,000.00	$	35	
11/01/26	$	1,550,000.00	$	
05/01/27	$	1,550,000.00	$	35	
11/01/27	$	1,515,000.00	$	
05/01/28	$	1,515,000.00	$	40	
11/01/28	$	1,475,000.00	$	
05/01/29	$	1,475,000.00	$	40	
11/01/29	$	1,435,000.00	$	
05/01/30	$	1,435,000.00	$	45	
11/01/30	$	1,390,000.00	$	
05/01/31	$	1,390,000.00	$	45	
11/01/31	$	1,345,000.00	$	
05/01/32	$	1,345,000.00	$	45	
11/01/32	$	1,300,000.00	$	
05/01/33	$	1,300,000.00	$	50	
11/01/33	$	1,250,000.00	$	
05/01/34	$	1,250,000.00	$	50	
11/01/34	$	1,200,000.00	$	
05/01/35	$	1,200,000.00	$	55	
11/01/35	$	1,145,000.00	$	
05/01/36	$	1,145,000.00	$	60	
11/01/36	$	1,085,000.00	$	
05/01/37	$	1,085,000.00	$	60	
11/01/37	$	1,025,000.00	$	
05/01/38	$	1,025,000.00	$	65	
11/01/38	$	960,000.00	$	
05/01/39	$	960,000.00	$	65	
11/01/39	$	895,000.00	$	
05/01/40	$	895,000.00	$	70	
11/01/40	$	825,000.00	$	
05/01/41	$	825,000.00	$	75	
11/01/41	$	750,000.00	$	
05/01/42	$	750,000.00	$	80	
11/01/42	$	670,000.00	$	
05/01/43	$	670,000.00	$	85	
11/01/43	$	585,000.00	$	
05/01/44	$	585,000.00	$	85	
11/01/44	$	500,000.00	$	
05/01/45	$	500,000.00	$	90	
11/01/45	$	410,000.00	$	
05/01/46	$	410,000.00	$	95	
11/01/46	$	315,000.00	$	
05/01/47	$	315,000.00	$	100	
11/01/47	$	215,000.00	$	
05/01/48	$	215,000.00	$	105	
11/01/48	$	110,000.00	$	
05/01/49	$	110,000.00	$	110	
			$	1,680	

$	42,297.50	$	42,297.50	
$	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	

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00

,000.00  $

1,463,202.50  $

3,143,202.50

Revenues		
Special Assessments	$	963,338	$	432,054	$	8,600	$	522,684	$	963,338	
Colonial Properties Contribution	$	47,088	$	-	$	-	$	47,088	$	47,088	
Miscellaneous Revenue	$	1,000	$	-	$	-	$	1,000	$	1,000	
Activities	$	7,000	$	7,000	$	-	$	-	$	7,000	
Rentals	$	7,000	$	7,000	$	-	$	0	$	7,000	
Carry Forward Surplus	$	-	$	-	$	-	$	-	$	-	
Total Revenues	$	1,025,427	$ 446,054	$	8,600	$  570,772	$	1,025,427	

Expenditures				
Administrative				
Supervisor Fees	$	12,000	$	-	$	-	$	12,000	$	12,000	
FICA Expense	$	900	$	-	$	-	$	900	$	900	
Annual Audit	$	4,500	$	-	$	-	$	4,500	$	4,500	
Trustee Fees	$	12,500	$	8,000	$	4,500	$	-	$	12,500	
Dissemination Agent	$	10,500	$	7,000	$	3,500	$	-	$	10,500	
Arbitrage	$	1,800	$	1,200	$	600	$	-	$	1,800	
Engineering	$	10,000	$	-	$	-	$	10,000	$	10,000	
Attorney	$	20,000	$	-	$	-	$	20,000	$	20,000	
Assessment Administration	$	5,000	$	-	$	-	$	5,000	$	5,000	
Management Fees	$	43,882	$	-	$	-	$	43,882	$	43,882	
Information Technology	$	1,800	$	-	$	-	$	1,800	$	1,800	
Website Maintance	$	1,200	$	-	$	-	$	1,200	$	1,200	
Telephone	$	100	$	-	$	-	$	100	$	100	
Postage	$	650	$	-	$	-	$	650	$	650	
Insurance	$	7,440	$	-	$	-	$	7,440	$	7,440	
Printing & Binding	$	2,150	$	-	$	-	$	2,150	$	2,150	
Legal Advertising	$	2,250	$	-	$	-	$	2,250	$	2,250	
Other Current Charges	$	1,700	$	-	$	-	$	1,700	$	1,700	
Office Supplies	$	200	$	-	$	-	$	200	$	200	
Property Appraiser	$	800	$	-	$	-	$	800	$	800	
Property Taxes	$	300	$	-	$	-	$	300	$	300	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	175	$	175	
Total Administrative	$	139,847	$  16,200	$	8,600	$  115,047	$	139,847	

Maintenance						
Contract Services:
Field Management	
$	18,808	
$	-	
$	-	
$	18,808	
$	18,808	
Wetland Maintenance	$	-	$	-	$	-	$	-	$	-	
Mitigation Monitoring	$	19,200	$	-	$	-	$	19,200	$	19,200	
Landscape Maintenance (75%/25%)	$	302,677	$	104,774	$	-	$	197,903	$	302,677	
Lake Maintenance	$	10,700	$	-	$	-	$	10,700	$	10,700	
Security Patrol (75%/25%)	$	41,250	$	30,938	$	-	$	10,313	$	41,250	
Repairs & Maintenance
Facility Maintenance (75%/25%)	
$	30,576	
$	22,932	
$	-	
$	7,644	
$	30,576	
Repairs & Maintenance (75%/25%)	$	19,000	$	14,250	$	-	$	4,750	$	19,000	
Operating Supplies (75%/25%)	$	9,800	$	7,350	$	-	$	2,450	$	9,800	
Landscape Replacement (75%/25%)	$	15,000	$	11,250	$	-	$	3,750	$	15,000	
Irrigation Repairs	$	10,000	$	-	$	-	$	10,000	$	10,000	
Alley Maintenance	$	-	$	-	$	-	$	-	$	-	
Stormwater Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	
Fountain Maintenance	$	3,800	$	-	$	-	$	3,800	$	3,800	
Sign Maintenance	$	-	$	-	$	-	$	-	$	-	
Pressure Washing (20%/80%)	$	8,000	$	1,600	$	-	$	6,400	$	8,000	
Subtotal Maintenance	$	488,811	$ 193,094	$	-	$  295,717	$	488,811	

Utilities
Utilities - Common Area	
$	30,000	
$	-	
$	-	
$	30,000	
$	30,000	
Streetlighting	$	110,000	$	-	$	-	$	110,000	$	110,000	
Amenity Center
Amenity Management	
$	87,385	
$	87,385	
$	-	
$	-	
$	87,385	
Pool Attendants	$	15,600	$	15,600	$	-	$	-	$	15,600	
Pool Permit	$	550	$	550	$	-	$	-	$	550	
Cable TV/Internet/Telephone	$	4,415	$	4,415	$	-	$	-	$	4,415	
Utilities - Amenity Center	$	21,000	$	21,000	$	-	$	-	$	21,000	
Refuse Service	$	2,880	$	2,880	$	-	$	-	$	2,880	
Amenity Center Access Cards	$	1,000	$	1,000	$	-	$	-	$	1,000	
HVAC Maintenance	$	574	$	574	$	-	$	-	$	574	
Special Events	$	14,962	$	14,962	$	-	$	-	$	14,962	
Holiday Decorations	$	8,500	$	8,500	$	-	$	-	$	8,500	
Security Monitoring	$	1,920	$	1,920	$	-	$	-	$	1,920	
Janitorial Services	$	18,600	$	18,600	$	-	$	-	$	18,600	
Pool Maintenance	$	17,000	$	17,000	$	-	$	-	$	17,000	
Pool Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	
Fitness Repairs & Maintenance	$	5,000	$	5,000	$	-	$	-	$	5,000	
Amenity Repairs & Maintenance	$	5,480	$	5,480	$	-	$	-	$	5,480	
Pest Control	$	1,180	$	1,180	$	-	$	-	$	1,180	
Other
Property Insurance (70%/30%)	
$	41,692	
$	29,184	
$	-	
$	12,508	
$	41,692	
Contingency	$	7,500	$	-	$	-	$	7,500	$	7,500	
Transfer Out - Capital Reserve	$	1,530	$	1,530	$	-	$	-	$	1,530	
Subtotal Maintenance	$	396,768	$ 236,761	$	-	$  160,008	$	396,768	
						
Total Expenditures	$	1,025,426	$ 446,054	$	8,600	$  570,772	$	1,025,426	
						
Excess Revenue/(Expenditures)	$	0	$	-	$	-	$	0	$	0	

Net Assessments		
$	432,054	
$	8,600	
$	522,684	
$	963,338	
Add: Discounts and Collections (6%)		$	27,578	$	549	$	33,363	$	61,490	
Gross Assesment		$	459,632	$	9,149	$	556,046	$	1,024,828	

Assessable Units		
797	
107	
904	
Total	
Per Unit Assessments - Phases 1 - 5		$	576.70	$	-	$	615.10	$	1,191.80	
Per Unit Assessments - Randal Walk		$	-	$	85.50	$	615.10	$	700.60	

Randal Park
Community Development District Assessments Schedule - FY2023

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	$	-	$	-	$	2,264	
Single Family 50'	106	$	1,192	$	1,126	$	-	$	-	$	2,318	
Single Family 60'	50	$	1,192	$	1,179	$	-	$	-	$	2,371	
Townhome	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	$	-	$	2,565	
Single Family 50'	27	$	1,192	$	1,126	$	251	$	-	$	2,569	
Single Family 60'	24	$	1,192	$	1,179	$	202	$	-	$	2,573	
Townhome	83	$	1,192	$	805	$	314	$	-	$	2,310	
Townhome	5	$	1,192	$	-	$	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	$	-	$	1,551	$	-	$	2,743	
Single Family 50'	119	$	1,192	$	-	$	1,631	$	-	$	2,822	
Single Family 60'	105	$	1,192	$	-	$	1,705	$	-	$	2,896	
Townhome	135	$	1,192	$	-	$	1,165	$	-	$	2,356	

Randal Walk	
No. Of Units	
Per Unit, O & M	
Series 2012	
Series 2015	
Series 2018	
Total	
Single Family 40'	0	$	-	$	-	$	-	$	-	$	-	
Single Family 50'	0	$	-	$	-	$	-	$	-	$	-	
Single Family 60'	0	$	-	$	-	$	-	$	-	$	-	
Townhome	107	$	701	$	-	$	-	$	1,170	$	1,871	

Total Units 	904