Randal Park Community Development District
Agenda February 17, 2023

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Randal Park
Community Development District

219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526

February 10, 2023

Board of Supervisors Randal Park Community Development District

Dear Board Members:

The Board of Supervisors of Randal Park Community Development District will meet Friday, February 17, 2023 at 9:30 AM at the Randal House Clubhouse, 8730 Randal Park Blvd., Orlando, Florida 32832. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Consideration of Filling Board Vacancy
Engineer’s Report
Approval of Minutes of the January 20, 2023 Board of Supervisors Meeting
Review and Acceptance 17of Fiscal Year 2022 Audit Report
Staff Reports
Attorney
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Field Manager’s Report
Amenity Report
Supervisor’s Requests
Other Business
Next Meeting Date – March 17, 2023

The balance of the agenda will be discussed at the meeting. In the meantime, if you have any questions, please contact me.

Sincerely,
Jason M. Showe
Jason M. Showe District Manager

CC:	Jan Carpenter, District Counsel James Hoffman, District Engineer Marcia Calleja, Amenity Manager
Alexandra Penagos, Community Manager Darrin Mossing, GMS

Enclosures

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Hello Jason,

My name is Marcela Asquith and I am interested in joining the CDD board.

I have been a resident of Randal Park since December of 2014. My husband and I chose this neighborhood to raise our growing family and we are so blessed to have seen it blossom. Watching our 9 year old daughter and 7 year old son grow and make memories in this neighborhood has continued to fill our lives with so much gratefulness.

I have been informed that there will be an opening on the current board. I would be honored to serve this amazing community. I want to help my neighbors and friends that have helped my family so much over the last 8 years by representing their voice when CDD concerns arise.

My professional background has been in Healthcare for the past 15 years as both a Registered Nurse and Corporate trainer on the healthcare industry side. As a nurse you care and advocate for your patients, as a CDD board member I would want to care and advocate for all of the neighbors that are a part of this amazing community. I want to do my part and continue to help our amazing community grow.

Please consider me as a candidate to fill the open seat on the Randal Park CDD Board.

Sincerely,

Marcela Asquith RN BSN

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MINUTES OF MEETING RANDAL PARK
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Randal Park Community Development District was held Friday, January 20, 2023 at 9:30 a.m. at the Randal House Clubhouse, 8730 Randal Park Boulevard, Orlando, Florida.

Present and constituting a quorum were:

Katie Steuck	Vice Chair – Via Phone
Sean Masherella	Assistant Secretary
Matthew Phelps	Assistant Secretary
David Grimm	Assistant Secretary

Also present were:

Jason Showe	District Manager
Kristin Trucco	District Counsel
Jarrett Wright	Field Operations
Lathan Smith	Yellowstone

FIRST ORDER OF BUSINESS	Roll Call
Mr. Showe called the meeting to order and called the roll.

SECOND ORDER OF BUSINESS	Public Comment Period
Resident on the phone wanted to know when items for next year’s budget will be determined because she would like the fountain project to be considered. Mr. Showe advised that around April is when those things are considered.

THIRS ORDER OF BUSINESS	Engineer’s Report
There being none, the next item followed.

FIFTH ORDER OF BUSINESS	Approval of the Minutes of the December 16,
2022 Board of Supervisors Meeting

On MOTION by Mr. Masherella seconded by Mr. Phelps with all in favor the minutes of the December 16, 2022 meeting were approved as presented.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
There being none, the next item followed.

Manager
Approval of Check Registers

On MOTION by Mr. Phelps seconded by Mr. Masherella with all in favor the check register was approved.

Balance Sheet and Income Statement
A copy of the balance sheet and income statement were included in the agenda package.

Field Manager’s Report
Mr. Wright gave an overview of the field manager’s report, copy of which was included in the agenda package and reported additional issues with the ants and anthills.

On MOTION by Mr. Phelps seconded by Mr. Masherella with Ms. Steuck in favor and Mr. Grimm apposed, the proposal from Yellowstone for the ant treatment was approved.

Mr. Wright advised he is still working with Pro Playground on quotes for the playground renovations.

On MOTION by Mr. Phelps seconded by Ms. Steuck with all in favor an amount not to exceed $20,000 with the contingency of having two vendors bid was authorized for playground renovations.

Amenity Report
A copy of the amenity report was included in the agenda package.

SIXTH ORDER OF BUSINESS	Supervisor’s Requests
There being none, the next item followed.

SEVENTH ORDER OF BUSINESS	Other Business
Mr. Grimm shared that he is resigning from the board.

On MOTION by Mr. Phelps seconded by Mr. Masherella with all in favor Mr. Grimm’s resignation was accepted.

EIGHTH ORDER OF BUSINESS	Next Meeting Date – January 20, 2023

Mr. Showe stated the next meeting is scheduled for February 17, 2023 at 9:30 a.m. in the same location.

NINTH ORDER OF BUSINESS	Adjournment

On MOTION by Mr. Grimm seconded by Mr. Phelps with all in favor the meeting adjourned at 10:30 a.m.

 	
Secretary/Assistant Secretary	Chairman/Vice Chairman

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RANDAL PARK COMMUNITY DEVELOPMENT DISTRICT
CITY OF ORLANDO, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

RANDAL PARK COMMUNITY DEVELOPMENT DISTRICT CITY OF ORLANDO, FLORIDA

TABLE OF CONTENTS

	  Page		
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds		
to the Statement of Net Position	10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to Financial Statements	13-22	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
23	
Notes to Required Supplementary Information	24	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	25	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

26-27	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

28	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
29-30	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Randal Park Community Development District City of Orlando, Florida

Report on the Audit of the Financial Statements
Opinions

951 Yamato Road ▪ Suite 280
Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

We have audited the accompanying financial statements of the governmental activities and each major fund of Randal Park Community Development District, City of Orlando, Florida (“District”) as of and for the fiscal year ended September 30, 2022, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2022, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated January 13, 2023, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

January 13, 2023

MANAGEMENT’S DISCUSSION AND ANLAYSIS

Our discussion and analysis of Randal Park Community Development District, City of Orlando, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2022. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($4,850,449).

The change in the District’s total net position in comparison with the prior fiscal year was
$115,738, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2022, the District’s governmental funds reported combined ending fund balances of $2,845,988, an increase of $37,529, in comparison with the prior fiscal year. The total fund balance is restricted for debt service and capital projects, assigned for capital reserves, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.

OVERVIEW OF FINANCIAL STATEMENTS

This discussion and analysis are intended to serve as the introduction to the District’s basic financial statements. The District’s basic financial statements are comprised of three components: 1) government-wide financial statements, 2) fund financial statements, and 3) notes to the financial statements. This report also contains other supplementary information in addition to the basic financial statements themselves.

Government-Wide Financial Statements

The government-wide financial statements are designed to provide readers with a broad overview of the District’s finances, in a manner similar to a private-sector business.

The statement of net position presents information on all the District’s assets, deferred outflows of resources, liabilities, and deferred inflows of resources with the residual amount being reported as net position. Over time, increases or decreases in net position may serve as a useful indicator of whether the financial position of the District is improving or deteriorating.

The statement of activities presents information showing how the government’s net position changed during the most recent fiscal year. All changes in net position are reported as soon as the underlying event giving rise to the change occurs, regardless of the timing of related cash flows. Thus, revenues and expenses are reported in this statement for some items that will only result in cash flows in future fiscal periods.

The government-wide financial statements include all governmental activities that are principally supported by special assessment revenues. The District does not have any business-type activities. The governmental activities of the District include the general government (management) and maintenance functions.

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

Governmental Funds

Governmental funds are used to account for essentially the same functions reported as governmental activities in the government-wide financial statements. However, unlike the government-wide financial statements, governmental fund financial statements focus on near-term inflows and outflow of spendable resources, as well as on balances of spendable resources available at the end of the fiscal year. Such information may be useful in evaluating a District’s near-term financing requirements.

Because the focus of governmental funds is narrower than that of the government-wide financial statements, it is useful to compare the information presented for governmental funds with similar information presented for governmental activities in the government-wide financial statements. By doing so, readers may better understand the long-term impact of the District’s near-term financing decisions. Both the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balances provide a reconciliation to facilitate this comparison between governmental funds and governmental activities.

The District maintains three governmental funds for external reporting. Information is presented in the governmental fund balance sheet and the governmental fund statement of revenues, expenditures, and changes in fund balance for the general fund, debt service fund and capital projects fund, all of which are considered major funds.

The District adopts an annual appropriated budget for its general fund. A budgetary comparison schedule has been provided for the general fund to demonstrate compliance with the budget.

Notes to the Financial Statements

The notes provide additional information that is essential to a full understanding of the data provided in the government-wide and fund financial statements.

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, liabilities exceeded assets at the close of the most recent fiscal year.

Key components of the District’s net position are reflected in the following table:

NET POSITION SEPTEMBER 30,
	2022	2021	
Current and other assets	$	2,881,964	$	2,828,160	
Capital assets, net of depreciation	6,609,803	6,837,145	
Total assets	9,491,767	9,665,305	
Current liabilities	360,388	350,089	
Long-term liabilities	13,981,828	14,281,403	
Total liabilities	14,342,216	14,631,492	
Net position
Net investment in capital assets	
(7,371,531)	
(7,443,767)	
Restricted	1,699,563	1,647,031	
Unrestricted	821,519	830,549	
Total net position	$	(4,850,449)	$	(4,966,187)	

The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure); less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

The restricted portion of the District’s net position represents resources that are subject to external restrictions on how they may be used. The remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense.

Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
Revenues:	2022	2021
Program revenues

Charges for services

$	2,135,061	$

2,143,651

Operating grants and contributions	56,219	47,520
Capital grants and contributions	3	- General revenues
Unrestricted investment earnings	2,739	505	
Total revenues	2,194,022	2,191,676	
Expenses:
General government	
115,974	
117,311	
Maintenance and operations	1,176,059	1,016,049	
Interest	786,251	800,334	
Total expenses	2,078,284	1,933,694	
Change in net position	115,738	257,982	
Net position - beginning	(4,966,187)	(5,224,169)	
Net position - ending	$	(4,850,449)	$	(4,966,187)	
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2022 was $2,078,284. The costs of the District’s activities were paid by program revenues. Program revenues were comprised primarily of assessments for both the current and prior fiscal years. In total, expenses increased over the prior year mainly due to an increase and maintenance expenses.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures for the fiscal year ended September 30, 2022 did not exceed appropriations.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2022, the District had $7,786,048 invested in capital assets. In the government-wide financial statements depreciation of $1,176,245 has been taken, which resulted in a net book value of
$6,609,803. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

CAPITAL ASSETS AND DEBT ADMINISTRATION (Continued)

Capital Debt

At September 30, 2022, the District had $14,095,000 in Bonds outstanding. More detailed information about the District’s capital debt is presented in the notes of the financial statements.

ECONOMIC FACTORS AND NEXT YEAR’S BUDGET

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Randal Park Community Development District’s Finance Department at 219 E. Livingston Street, Orlando FL 32801.

STATEMENT OF NET POSITION SEPTEMBER 30, 2022

ASSETS
Cash

Governmental
	Activities	

$	534,094

Investments	322,331
Due from others	3,975
Restricted assets:
Investments	2,021,564
Capital assets:
Nondepreciable	15,685
Depreciable, net		6,594,118 
Total assets		9,491,767 

LIABILITIES		
Accounts payable	35,976	
Accrued interest payable	324,412	
Non-current liabilities:		
Due within one year	300,000	
Due in more than one year		13,681,828 	
Total liabilities		14,342,216 	

NET POSITION		
Net investment in capital assets	(7,371,531)	
Restricted for debt service	1,699,563	
Unrestricted		821,519 	
Total net position	 $	(4,850,449) 	

See notes to the financial statements

STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

Functions/Programs	Expenses Primary government:
Governmental activities:

Charges for Services

Program Revenues Operating Grants
and Contributions

Capital Grants and Contributions

Net (Expense) Revenue and Changes in Net Position

Governmental Activities

General government

$	115,974	$

115,974	$

-	$	-	$	-

Maintenance and operations	1,176,059	889,434	47,514		3	(239,108)	
Interest on long-term debt	786,251	1,129,653	8,705	-		352,107	
Total governmental activities	2,078,284	2,135,061	56,219		3	112,999	

General revenues:
Unrestricted investment earnings		2,739 	
Total general revenues		2,739 	
Change in net position	115,738	
Net position - beginning		(4,966,187) 	
Net position - ending	 $	(4,850,449) 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2022

	Major Funds	
Capital

Total Governmental

General

Debt Service

Projects

Funds

ASSETS		
Cash	$	534,094	$	-	$	-	$	534,094	
Investments	322,331	2,021,070	494	2,343,895	
Due from other funds	-	2,905	-	2,905	
Due from others	3,975	-	-	3,975	
Total assets	$	860,400	$	2,023,975	$	494	$  2,884,869	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	35,976	$	-	$	-	$	35,976	
Due to other funds	2,905	-	-	2,905	
Total liabilities	38,881	-	-	38,881	

Fund balances:
Restricted for:
Debt service	
-	
2,023,975	
-	
2,023,975	
Capital projects	-	-	494	494	
Assigned for: Capital reserve		
322,331		
-		
-		
322,331	
Unassigned		499,188		-		-		499,188	
Total fund balances		821,519		2,023,975		494		2,845,988	

Total liabilities and fund balances	
$	
860,400	
$	
2,023,975	
$	
494	
$	
2,884,869	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2022

Fund balance - governmental funds	$	2,845,988
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets in the net position of the government as a whole.
Cost of capital assets	7,786,048
Accumulated depreciation	  (1,176,245) 	6,609,803

Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	(324,412)
Bonds payable	 (13,981,828)		(14,306,240)  Net position of governmental activities		$  (4,850,449)

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

	Major Funds	
Capital

Total Governmental

General

Debt Service

Projects

Funds

REVENUES		
Assessments	$	985,510	$ 1,129,653	$	-	$	2,115,163	
Other contributions	47,514	-	-		47,514	
Miscellaneous revenue	19,898	-	-		19,898	
Interest	2,739	8,705		3	11,447	
Total revenues	1,055,661	1,138,358		3	2,194,022	

EXPENDITURES
Current:
General government	115,974	-	-		115,974	
Maintenance and operations Debt service:
Principal	914,821

-	-

305,000	-

-		914,821

305,000	
Interest	-	786,802	-		786,802	
Capital outlay	33,896	-	-		33,896	
Total expenditures	1,064,691	1,091,802	-		2,156,493	

Excess (deficiency) of revenues over (under) expenditures	

(9,030)	

46,556		

3	

37,529	

Fund balances - beginning	
830,549	
1,977,419	
491	
2,808,459	

Fund balances - ending	
$	821,519	
$ 2,023,975	
$	494	
$	2,845,988	

See notes to the financial statements

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

Net change in fund balances - total governmental funds	$	37,529 Amounts reported for governmental activities in the statement
of activities are different because:
Governmental funds report capital outlays as expenditures, however, in the statement of activities the cost of those assets is eliminated and capitalized

as capital assets in the statement of net position.
Depreciation on capital assets is not recognized in the governmental fund statement but is reported as an expense in the statement of activities.
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the fund financial statements.
Amortization of Bond discounts/premiums is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.
Repayment of long-term liabilities are reported as expenditures in the governmental fund statement but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.

33,896

(261,238)

5,976

(5,425)

	305,000 

Change in net position of governmental activities	$	115,738

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY
Randal Park Community Development District ("District") was created by Ordinance number 0612111005 of the City of Orlando, on December 11, 2006. The District was created by Ordinance of the City of Orlando, Florida, pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure. The District’s boundary was contracted on December 13, 2010 by Ordinance number 2010-54 of the City of Orlando, Florida, and further contracted on December 7, 2015 by Ordinance number 2015-60 of the City of Orlando, Florida, and later expanded on September 4, 2018 by Ordinance number 2018-48 of the City of Orlando, Florida.
The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District. During the current fiscal year, the boundaries of the District were expanded by approximately 18 acres bringing the total acreage coverage of the District to approximately 595 acres.
The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2022, four board members were elected by qualified electors within the District and one board member was affiliated or appointed by Mattamy Homes (“Current Developer”).

The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.
The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.
The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.
The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include 1) charges to customers who purchase, use or directly benefit from goods, services or privileges provided by a given function or segment. Operating- type special assessments for maintenance and debt service are treated as charges for services; and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

Measurement Focus, Basis of Accounting and Financial Statement Presentation
The government-wide financial statements are reported using the economic resources measurement focus and the accrual basis of accounting. Revenues are recorded when earned and expenses are recorded when a liability is incurred, regardless of the timing of related cash flows. Assessments are recognized as revenues in the year for which they are levied. Grants and similar items are to be recognized as revenue as soon as all eligibility requirements imposed by the provider have been met.

Governmental fund financial statements are reported using the current financial resources measurement focus and the modified accrual basis of accounting. Revenues are recognized as soon as they are both measurable and available. Revenues are considered to be available when they are collectible within the current period or soon enough thereafter to pay liabilities of the current period. For this purpose, the government considers revenues to be available if they are collected within 60 days of the end of the current fiscal period. Expenditures are recorded when a liability is incurred, as under accrual accounting. However, debt service expenditures are recorded only when payment is due.

Assessments
Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District. Debt service assessments are levied when Bonds are issued and assessed and collected on an annual basis. The District may collect assessments directly or utilize the uniform method of collection under Florida Statutes. Direct collected assessments are due as determined by annual assessment resolution adopted by the Board of Supervisors. Assessments collected under the uniform method are mailed by the County Tax Collector on November 1 and due on or before March 31 of each year. Property owners may prepay a portion or all of the debt service assessments on their property subject to various provisions in the Bond documents.

Assessments and interest associated with the current fiscal period are considered to be susceptible to accrual and so have been recognized as revenues of the current fiscal period. The portion of assessments receivable due within the current fiscal period is considered to be susceptible to accrual as revenue of the current period.

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.

Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:

The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

The State Board of Administration’s (“SBA”) Local Government Surplus Funds Trust Fund (“Florida PRIME”) is a“2a-7 like” pool. A “2a-7 like” pool is an external investment pool that is not registered with the Securities and Exchange Commission (“SEC”) as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC’s Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida PRIME at amortized cost for financial reporting purposes.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Capital Assets (Continued)
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets	Years	
Infrastructure - stormwater	30	
Recreational facilities and other	30	
Furniture, fixtures and equipment	10	
In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing sources while discounts on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

Fund Equity/Net Position (Continued)
The District can establish limitations on the use of fund balance as follows:

Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.

Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

The District first uses committed fund balance, followed by assigned fund balance and then unassigned fund balance when expenditures are incurred for purposes for which amounts in any of the unrestricted fund balance classifications could be used.

Net position is the difference between assets and deferred outflows of resources less liabilities and deferred inflows of resources. Net position in the government-wide financial statements are categorized as net investment in capital assets, restricted or unrestricted. Net investment in capital assets represents net position related to infrastructure and property, plant and equipment. Restricted net position represents the assets restricted by the District’s Bond covenants or other contractual restrictions. Unrestricted net position consists of the net position not meeting the definition of either of the other two components.

Other Disclosures

Use of Estimates
The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenditures during the reporting period. Actual results could differ from those estimates.

NOTE 3 – BUDGETARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget. Annual Budgets are adopted on a basis consistent with generally accepted accounting principles for the general fund. All annual appropriations lapse at fiscal year-end.

The District follows these procedures in establishing the budgetary data reflected in the financial statements.
Each year the District Manager submits to the District Board a proposed operating budget for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.

The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

Investments
The District’s investments were held as follows at September 30, 2022:

 Amortized Cost	Credit Risk	Maturities	
Weighted average of the fund

Allspring Government Money Market Fund

$	2,021,564

S&P AAAm

portfolio: 15 days Weighted average of the fund

Local Government Surplus Trust Funds (FL PRIME)		322,331 	S&P AAAm	portfolio: 21 days
Total Investments	 $	2,343,895 

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.

Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.

However, the Bond Indenture limits the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.

The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.

Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.

NOTE 4 – DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
External Investment Pool – With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.”

With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2022, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

NOTE 5 – CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2022 was as follows:

Beginning
Balance	Additions	Reductions

Ending Balance

Governmental activities
Capital assets, not being depreciated Infrastructure under construction	

$	-	

$	15,685	

$	-	

$	15,685	
Total capital assets, not being depreciated	-	15,685	-	15,685	

Capital assets, being depreciated Infrastructure - stormwater	

2,035,276	

-	

-	

2,035,276	
Recreational facilities and other	5,678,801	7,380	-	5,686,181	
Furniture, fixtures and equipment	38,075	10,831	-	48,906	
Total capital assets, being depreciated	7,752,152	18,211	-	7,770,363	

Less accumulated depreciation for: Infrastructure - stormwater	

216,484	

67,843	

-	

284,327	
Recreational facilities and other	690,102	189,416	-	879,518	
Furniture, fixtures and equipment	8,421	3,979	-	12,400	
Total accumulated depreciation	915,007	261,238	-	1,176,245	

Total capital assets, being depreciated, net	
6,837,145	
(243,027)	
-	6,594,118	

Governmental activities capital assets	
$	6,837,145	
$	(227,342)	
$	-	$	6,609,803	

Depreciation expense was charged to the maintenance and operations function.

NOTE 6 – LONG-TERM LIABILITIES

Series 2012
On June 5, 2012, the District issued $5,115,000 of Special Assessment Revenue Bonds, Series 2012 consisting of $835,000 Term Bonds Series 2012 due on November 1, 2022 with a fixed interest rate of 5.75%, $1,490,000 Term Bonds Series 2012 due on November 1, 2032 with a fixed interest rate of 6.125%, and $2,790,000 Term Bonds Series 2012 due on November 1, 2042 with a fixed interest rate of 6.875%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid serially on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing November 1, 2013 through November 1, 2042.

The Series 2012 Bonds due November 1, 2042 are subject to redemption at the option of the District after November 1, 2032 as outlined in the Bond Indenture. The remaining Series 2012 Bonds are not subject to optional redemption. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2022.

Series 2015
On March 30, 2015, the District issued $9,055,000 of Special Assessment Revenue Bonds, Series 2015 consisting of $1,755,000 Term Bonds Series 2015 due on November 1, 2025 with a fixed interest rate of 4.25%, $2,760,000 Term Bonds Series 2015 due on November 1, 2035 with a fixed interest rate of 5.00%, and $4,540,000 Term Bonds Series 2015 due on November 1, 2045 with a fixed interest rate of 5.20%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid serially on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing November 1, 2016 through November 1, 2045.

The Series 2015 Bonds due November 1, 2035, and thereafter, are subject to redemption at the option of the District on or after November 1, 2025 as outlined in the Bond Indenture. The Series 2015 Bonds due on November 1, 2025 are not subject to optional redemption. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2022.

Series 2018
On December 17, 2018, the District issued $1,770,000 Special Assessment Revenue Bonds, Series 2018 consisting of multiple term bonds with maturity dates ranging from May 1, 2024 to May 1, 2049 and fixed interest rates ranging from 4.1% to 5.2%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2020 through May 1, 2049.

The Series 2018 Bonds are subject to redemption at the option of the District prior to their maturity. The Series 2018 Bonds are not subject to optional redemption. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2022.

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2022 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Bonds payable:						
Series 2012	$  4,465,000	$	-	$	95,000	$  4,370,000	$	90,000	
Less original issue discount	(53,794)	-	(2,608)	(51,186)	-	
Series 2015	8,225,000	-	180,000	8,045,000	180,000	
Less original issue discount	(64,803)	-	(2,817)	(61,986)	-	
Series 2018	1,710,000	-	30,000	1,680,000	30,000	
Total	$ 14,281,403	$	-	$	299,575	$ 13,981,828	$	300,000	

At September 30, 2022, the scheduled debt service requirements on the long-term debt were as follows:

Year ending
  September 30:	Principal	Interest	Total	
2023	$	300,000	$	772,081	$	1,072,081	
2024	330,000	756,984	1,086,984	
2025	350,000	740,436	1,090,436	
2026	360,000	722,917	1,082,917	
2027	390,000	703,629	1,093,629	
2028-2032	2,285,000	3,173,808	5,458,808	
2033-2037	2,990,000	2,454,311	5,444,311	
2038-2042	3,955,000	1,459,576	5,414,576	
2043-2047	2,920,000	366,449	3,286,449	
2048-2049		215,000	16,900	231,900 
Total	 $ 14,095,000	$  11,167,091	$	25,262,091 

The Developers own a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developers.

The District has a cost sharing agreement with the Original Developer whereby the Original Developer has agreed to reimburse the District fifty percent of certain maintenance costs. During the fiscal year ended September 30, 2022, the Original Developer reimbursed the District in the amount of $47,514 which includes a receivable of $3,975.

NOTE 8 – CONCENTRATION

The Developers own a majority of the land within the District. Therefore, the District’s activity is dependent upon the continued involvement of the Developers, the loss of which could have a material adverse effect on the District’s operations.

NOTE 9 – INTERLOCAL AGREEMENT

During the fiscal year ended September 30, 2013, the District entered into an interlocal agreement ("Agreement") with the City of Orlando ("City") regarding maintenance of City owned rights of way ("City ROW”) within and adjacent to the District, dated April 19, 2013. The Agreement acknowledges that the City has ultimate responsibility for the maintenance of the ROW but provides the option and mechanism for the District to maintain the ROW to a higher standard than the City would otherwise provide.

NOTE 10 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting services. The District has also contracted with the same management company to perform field management services, which include monthly inspection of the District’s irrigation system. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 11 – RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

	Budgeted
	Amounts	 Original &
Final	

Actual Accounts	Variance with Final Budget - Positive
(Negative)	
REVENUES
Assessments	
$	963,338	
$	985,510	
$	22,172	
Other contributions	46,332	47,514	1,182	
Miscellaneous revenue	15,000	19,898	4,898	
Interest	500	2,739	2,239	
Total revenues	1,025,170	1,055,661	30,491	

EXPENDITURES
Current:
General government	135,601	115,974	19,627	
Maintenance and operations	1,040,569	914,821	125,748	
Capital outlay	-	33,896	(33,896)	
Total expenditures	1,176,170	1,064,691	111,479	

Excess (deficiency) of revenues over (under) expenditures	

(151,000)	

(9,030)	

141,970	

OTHER FINANCING SOURCES AND USES
Carryforward surplus	

151,000	

-	

(151,000)	
Total other financing sources and uses	151,000	-	(151,000)	

Net change in fund balances	
 $	-		
(9,030)  $	(9,030) 	
Fund balance - beginning			830,549 	
Fund balance - ending		 $	821,519 	

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District’s budgeting process is based on estimates of cash receipts and cash expenditures which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures for the fiscal year ended September 30, 2022 did not exceed appropriations.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C) UNAUDITED

Element	Comments
Number of district employees compensated at 9/30/2022	4	
Number of independent contractors compensated in September 2022	12	
Employee compensation for FYE 9/30/2022 (paid/accrued)	$9,000	
Independent contractor compensation for FYE 9/30/2022	$1,055,001	
Construction projects to begin on or after October 1; (>$65K)	Not applicable	
Budget variance report	See page 23 of annual financial report	
Non ad valorem special assessments;		
Special assessment rate FYE 9/30/2022	Operations and Maintenance -
$700.60 - $1,191.80	
	Debt Service Series 2012 -	
	$804.54 - $1,179.35	
	Debt Service Series 2015 -	
	$202.25 - $1,704.62	
	Debt Service Series 2018 -	
	$1,170.00	
Special assessments collected FYE 9/30/2022	$2,115,163	
Outstanding Bonds:		
Series 2012, due November 1, 2042,	see Note 6 for details	
Series 2015, due November 1, 2045,	see Note 6 for details	
Series 2018, due May 1, 2049,	see Note 6 for details	

951 Yamato Road ▪ Suite 280
Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Board of Supervisors
Randal Park Community Development District City of Orlando, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Randal Park Community Development District, City of Orlando, Florida (“District”) as of and for the fiscal year ended September 30, 2022, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated January 13, 2023.

Report on Internal Control Over Financial Reporting

In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.

A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.

Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses may exist that have not been identified.

Report on Compliance and Other Matters

As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

Purpose of this Report

The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

January 13, 2023

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

To the Board of Supervisors
Randal Park Community Development District City of Orlando, Florida

We have examined Randal Park Community Development District, City of Orlando, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2022. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

Our examination was conducted in accordance with attestation standards established by the American Institute of Certified Public Accountants. Those standards require that we plan and perform the examination to obtain reasonable assurance about whether the District complied, in all material respects, with the specified requirements referenced in Section 218.415, Florida Statutes. An examination involves performing procedures to obtain evidence about whether the District complied with the specified requirements. The nature, timing, and extent of the procedures selected depend on our judgment, including an assessment of the risks of material noncompliance, whether due to fraud or error. We believe that the evidence we obtained is sufficient and appropriate to provide a reasonable basis for our opinion. Our examination does not provide a legal determination on the District’s compliance with specified requirements.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2022.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Randal Park Community Development District, City of Orlando, Florida and is not intended to be and should not be used by anyone other than these specified parties.

January 13, 2023

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Randal Park Community Development District City of Orlando, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Randal Park Community Development District, City of Orlando, Florida ("District") as of and for the fiscal year ended September 30, 2022 and have issued our report thereon dated January 13, 2023.

Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reporting Requirements

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters Based on an Audit of the Financial Statements Performed in Accordance with Government Auditing Standards; and Independent Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated January 13, 2023, should be considered in conjunction with this management letter.

Purpose of this Letter

The purpose of this letter is to comment on those matters required by Chapter 10.550 of the Rules of the Auditor General for the State of Florida. Accordingly, in connection with our audit of the financial statements of the District, as described in the first paragraph, we report the following:

Current year findings and recommendations.
Status of prior year findings and recommendations.
Compliance with the Provisions of the Auditor General of the State of Florida.

Our management letter is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, Federal and other granting agencies, as applicable, management, and the Board of Supervisors of Randal Park Community Development District, City of Orlando, Florida and is not intended to be and should not be used by anyone other than these specified parties.

We wish to thank Randal Park Community Development District, City of Orlando, Florida and the personnel associated with it, for the opportunity to be of service to them in this endeavor as well as future engagements, and the courtesies extended to us.

January 13, 2023

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

Unless otherwise required to be reported in the auditor’s report on compliance and internal controls, the management letter shall include, but not be limited to the following:

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.

There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2021.

Any recommendations to improve the local governmental entity's financial management.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2022.

Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.

There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2022.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2022. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 25.

!!"#$%&  "##

!!"#$%& "

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Randal Park
Community Development District
Check Run Summary

January 1, 2023 thru January 31, 2023

Fund	Date	Check No.'s	Amount	

General Fund	
1/6/23	
2707 - 2711	
$2,880.00	
	1/11/23	2712 - 2717	$21,858.66	
	1/18/23	2718 - 2723	$31,294.00	
	1/19/23	2724	$15,685.09	
	1/20/23	2725 - 2727	$929,676.59	
	1/26/23	2728 - 2732	$2,808.50	
			$1,004,202.84	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/10/23	PAGE	1
*** CHECK DATES 01/01/2023 - 01/31/2023 ***	RANDAL PARK CDD
BANK A RANDAL PARK CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/06/23 00031 12/15/22 207925	202212 320-53800-47000	*	302.00
LAKE MAINT PDS - DEC 22
12/15/22 207925	202212 320-53800-47000	*	58.00
LAKE MAINT DOWDEN-DEC 22
12/15/22 207925	202212 320-53800-47000	*	53.00
MAINT AC1 RETENT - DEC 22
12/15/22 207925	202212 320-53800-47000	*	101.00
MAINT AC2 RETENT - DEC 22
12/15/22 207925	202212 320-53800-47000	*	376.00
MAINT 4 RET PONDS-DEC 22
APPLIED AQUATIC MANAGMENT,INC.	890.00 002707
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/23 00128 12/26/22 I-122622 202212 320-53800-47600	*	551.05
SECURITY SVCS 12/18-12/25
ORLANDO POLICE DEPT.	551.05 002708
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/23 00039	1/01/23 8307	202301 320-53800-46400	*	600.00
POOL MAINTENANCE - JAN 23
1/01/23 8308	202301 320-53800-46900	*	150.00
FOUNTAIN MAINT - JAN 23
ROBERTS POOL SERVICE AND REPAIR INC	750.00 002709
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/23 00049	1/01/23 250296	202301 320-53800-34500	*	34.95
SECURITY MONITORING-JAN23
SYNERGY FL	34.95 002710
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/06/23 00038 12/26/22 394473	202212 320-53800-46400	*	654.00
ALGAE KILLER/TRICHLOR TAB

SPIES POOL, LLC
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/11/23 00001	1/01/23 733	202301 310-51300-34000
1/01/23 733	202301 310-51300-35200
1/01/23 733	202301 310-51300-35100
1/01/23 733	202301 310-51300-31300
1/01/23 733	202301 310-51300-51000
1/01/23 733	202301 310-51300-42000
1/01/23 733	202301 310-51300-42500
1/01/23 734	202301 320-53800-12000	-	-	-	-	-	-	-	-	-	-	-	- -
*
*
*
*
*
*
*
*	-	-	-	-	-	- - - - -

100.00
150.00
875.00
.96
18.24
14.40
1,567.33	-	654.00
- - - -	002711
- - -	

																						
WEBSITE ADMIN - JAN 23																						
INFO TECHNOLOGY - JAN 23
DISSEMINATON - JAN 23
OFFICE SUPPLIES
POSTAGE
COPIES
FIELD MANAGEMENT - JAN 23
RAND RANDAL PARK	MBYINGTON																

MANAGEMENT FEES - JAN 23

3,656.83

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/10/23	PAGE	2
*** CHECK DATES 01/01/2023 - 01/31/2023 ***	RANDAL PARK CDD
BANK A RANDAL PARK CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/01/23 734	202301 320-53800-49000	*	260.06
GENERAL MAINT MATERIALS
1/01/23 735	202301 320-53800-12100	*	7,282.08
AMENITY MANAGEMENT-JAN 23
1/01/23 736	202301 320-53800-12300	*	2,548.00
FACILITY MANAGEMENT-JAN23
GOVERNMENTAL MANAGEMENT SERVICES	16,472.90 002712
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/11/23 00128	1/03/23 I-010323 202301 320-53800-47600	*	549.50
SECURITY SVCS 12/30-01/01
1/09/23 I-010923 202301 320-53800-47600	*	549.50
SECURITY SVC 01/06-01/08
ORLANDO POLICE DEPT.	1,099.00 002713
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/11/23 00061 12/02/22 140826	202212 320-53800-51000	*	589.80
LITTER BAG/TRASH LINER
1/06/23 141159	202301 320-53800-51000	*	589.80
LITTER BAG/TRASH LINER
PROPET DISTRIBUTORS, INC.	1,179.60 002714
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/11/23 00108	1/01/23 41924	202301 320-53800-46700	*	1,365.00
JANITORIAL SERVICES-JAN23
1/01/23 41924	202301 320-53800-46700	*	180.00
SPECIAL REQUEST CLEANING
RUGBY COMMERCIAL CLEANING, LLC	1,545.00 002715
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/11/23 00038 12/18/22 394258	202301 320-53800-46400	*	750.00
CHEMICAL CONTROLLER JAN23
SPIES POOL, LLC	750.00 002716
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/11/23 00066	1/04/23 ON 47574 202301 320-53800-46500	*	812.16
WEEPING VALVE REPAIR
YELLOWSTONE LANDSCAPE-SOUTHEAST,LLC	812.16 002717
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/18/23 00043	1/10/23 17556837 202301 320-53800-46800	*	50.00
PEST CONTROL - JAN 23
ARROW ENVIRONMENTAL SERVICES	50.00 002718
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/18/23 00060	1/10/23 11302	202301 320-53800-34500	*	120.00
SECURITY MONITORING-JAN23
ACCESS CONTROL TECHNOLOGIES	120.00 002719
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/18/23 00015	1/03/23 23431	202301 310-51300-32200	*	4,500.00
AUDIT FYE 09/30/22
GRAU & ASSOCIATES	4,500.00 002720
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
RAND RANDAL PARK	MBYINGTON

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	2/10/23	PAGE	3
*** CHECK DATES 01/01/2023 - 01/31/2023 ***	RANDAL PARK CDD
BANK A RANDAL PARK CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
1/18/23 00025	1/12/23 107395	202212 310-51300-31500	*	1,066.50
AUDIT CONFIRM/BOS MTG
LATHAM, LUNA, EDEN & BEAUDINE LLP	1,066.50 002721
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/18/23 00128	1/20/23 I-011523 202301 320-53800-47600	*	343.50
SECURITY SVCS 01/13-01/15
ORLANDO POLICE DEPT.	343.50 002722
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/18/23 00066	1/15/23 ON 48086 202301 320-53800-46200	*	25,214.00 LANDSCAPE MAINT - JAN 23
YELLOWSTONE LANDSCAPE-SOUTHEAST,LLC	25,214.00 002723
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/19/23 00157 11/02/22 3207	202301 300-13100-10100	*	15,685.09
POOL SHADE PROJECT BALNCE
PRO PLAYGROUNDS	15,685.09 002724
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/20/23 00033	1/20/23 01202023 202301 300-20700-10300	*	333,741.67
ASSESSMENT TXFER - S2012
RANDAL PARK CDD C/O WELLS FARGO	333,741.67 002725
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/20/23 00110	1/20/23 01202023 202301 300-20700-10300	*	496,859.43
ASSESSMENT TXFER - S2015
RANDAL PARK CDD C/O WELLS FARGO	496,859.43 002726
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/20/23 00111	1/20/23 01202023 202301 300-20700-10300	*	99,075.49
ASSESSMENT - TXFER S2018
RANDAL PARK CDD C/O WELLS FARGO	99,075.49 002727
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/26/23 00095	4/08/23 15993	202301 300-15500-10000	*	1,650.00
EASTER EVENT ENTERTAINMNT
CAPTAIN CARNIVAL	1,650.00 002728
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/26/23 00052	1/23/23 48-60-15 202301 320-53800-49000	*	53.00
REINSPECTION FEE - 01/23
FLORIDA DEPARTMENT OF HEALTH	53.00 002729
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/26/23 00128	1/22/23 I-012223 202301 320-53800-47600	*	755.50
SECURITY SVCS 01/15-01/22
ORLANDO POLICE DEPT.	755.50 002730
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/26/23 00082	1/25/23 01252023 202301 320-53800-49000	*	100.00
DEPREDATION PERMIT
U.S. FISH AND WILDLIFE SERVICE	100.00 002731
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
1/26/23 00164	1/19/23 01192023 202301 300-36900-10200	*	250.00
PARTY CANCELLED - REFUND
VAISHALI THAKKAR	250.00 002732
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	1,004,202.84 RAND RANDAL PARK	MBYINGTON

!!"#$%& "

Randa/Park
Community Development District

Unaudited Financial Reporting
January 31, 2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Capital Reserve Fund	

5	
	Debt Service Fund Series 2012	

6	
	Debt Service Fund Series 2015	

7	
	Debt Service Fund Series 2018	

8	
	Combined Capital Project Funds	

9-10	
	Month to Month	

11	
	Long Term Debt Report	

12	
	Assessment Receipt Schedule	

Combined Balance Sheet January 31, 2023

General
Fund

Capital Reserve
Fund

Debt Service
Fund

Capital Projects
Fund

Totals
Governmental Funds

Assets:
Cash:
Operating Account	

$	988,409	

$	-	

$	

-	

$	

-	

$	988,409	
Investments:
State Board Administration	
$	-	
$	304,550	
$	
-	
$	
-	
$	304,550	
Series 2012 Reserve	
$	
-	$	
-	$	405,198	
$	-	$	405,198	
Revenue	$	-	$	-	$	503,453	$	-	$	503,453	
Interest	$	-	$	-	$	46	$	-	$	46	
Prepayment	$	-	$	-	$	20	$	-	$	20	
Sinking Fund Series 2015
Reserve	$

$	$

$	-	$	29

-	$	598,032	$	-	$	29

$	-	$	598,032	
Revenue	$	-	$	-	$	651,256	$	-	$	651,256	
Interest	$	-	$	-	$	64	$	-	$	64	
Construction Series 2018
Reserve	$

$	$

$	-	$	-

-	$	59,448	$	443	$	443

$	-	$	59,448	
Revenue	$	-	$	-	$	114,635	$	-	$	114,635	
Interest	$	-	$	-	$	13	$	-	$	13	
Capital Interest	$	-	$	-	$	2,576	$	-	$	2,576	
Construction	$	-	$	-	$	-	$	48	$	48	
Cost of Issuance	$	-	$	-	$	-	$	7	$	7	
Due from Colonial Properties	$	8,280	$	-	$	-	$	-	$	8,280	
Due from Capital Reserve	$	15,685	$	-	$	-	$	-	$	15,685	
Prepaid Expenses	$	1,650	$	-	$	-	$	-	$	1,650	
Total Assets	$	1,014,025	$	304,550	$	2,334,770	$	499	$	3,653,843	

Liabilities:
Accounts Payable	

$	13,452	

$	-	

$	

-	$	

-	$	13,452	
Due to General Fund	$	-	$	15,685	$	-	$	-	$	15,685	
Total Liabilites	$	13,452	$	15,685	$	-	$	-	$	29,137	

Fund Balance:
Assigned for: Capital Reserves	

$	-	

$	288,864	

$	

-	$	

-	$	288,864	
Nonspendable:
Deposits and Prepaid Items	
$	
1,650	
$	
-	
$	
-	
$	
-	
$	
1,650	
Restricted for:											
Debt Service 2012	$	-	$	-	$	908,745	$	-	$	908,745	
Debt Service 2015	$	-	$	-	$	1,249,352	$	-	$	1,249,352	
Debt Service 2018	$	-	$	-	$	176,673	$	-	$	176,673	
Capital Projects - Series 2015	$	-	$	-	$	-	$	443	$	443	
Capital Projects - Series 2018	$	-	$	-	$	-	$	56	$	56	
Unassigned	$	998,923	$	-	$	-	$	-	$	998,923	
Total Fund Balances	$	1,000,573	$	288,864	$	2,334,770	$	499	$	3,624,706	
						
Total Liabilities & Fund Balance	$	1,014,025	$	304,550	$	2,334,770	$	499	$	3,653,843	

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/23	Thru 01/31/23	Variance	

Revenues:		
Special Assessments	$	963,338	$	831,476	$	831,476	$	-	
Colonial Properties Contribution	$	47,088	$	15,696	$	16,593	$	897	
Miscellaneous Revenue	$	1,000	$	333	$	105	$	(228)	
Activities	$	7,000	$	2,333	$	1,444	$	(889)	
Rentals	$	7,000	$	2,333	$	8,650	$	6,317	
Total Revenues	$	1,025,427	$	852,172	$	858,267	$	6,096	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	4,000	$	2,800	$	1,200	
FICA Expense	$	900	$	300	$	214	$	86	
Annual Audit	$	4,500	$	4,500	$	4,500	$	-	
Trustee Fees	$	12,500	$	4,000	$	4,000	$	-	
Dissemination Agent	$	10,500	$	3,500	$	3,500	$	-	
Arbitrage	$	1,800	$	-	$	-	$	-	
Engineering	$	10,000	$	3,333	$	-	$	3,333	
Attorney	$	20,000	$	6,667	$	3,314	$	3,352	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Management Fees	$	43,882	$	14,627	$	14,627	$	(0)	
Information Technology	$	1,800	$	600	$	600	$	-	
Website Maintenance	$	1,200	$	400	$	400	$	-	
Telephone	$	100	$	33	$	-	$	33	
Postage	$	650	$	217	$	124	$	92	
Insurance	$	7,440	$	7,440	$	7,109	$	331	
Printing & Binding	$	2,150	$	717	$	125	$	591	
Legal Advertising	$	2,250	$	750	$	-	$	750	
Other Current Charges	$	1,700	$	567	$	246	$	320	
Office Supplies	$	200	$	67	$	3	$	63	
Property Appraiser	$	800	$	-	$	-	$	-	
Property Taxes	$	300	$	300	$	241	$	59	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Subtotal General & Administrative	$	139,847	$	57,192	$	46,980	$	10,212	

Operations & Maintenance					
Contract Services:
Field Management	
$	18,808	
$	6,269	
$	6,269	
$	(0)	
Mitigation Monitoring	$	19,200	$	4,800	$	4,800	$	-	
Landscape Maintenance	$	302,677	$	100,892	$	100,856	$	36	
Lake Maintenance	$	10,700	$	3,567	$	3,560	$	7	
Security Patrol	$	41,250	$	13,750	$	7,008	$	6,742	
Repairs & Maintenance
Facility Maintenance	
$	30,576	
$	10,192	
$	10,192	
$	-	
Repairs & Maintenance	$	17,500	$	5,833	$	3,822	$	2,012	
Operating Supplies	$	9,800	$	3,267	$	1,924	$	1,343	
Landscape Replacement	$	15,000	$	5,000	$	5,528	$	(528)	
Irrigation Repairs	$	10,000	$	3,333	$	4,301	$	(968)	
Fountain Maintenance	$	3,800	$	1,267	$	2,417	$	(1,150)	
Pressure Washing	$	8,000	$	8,000	$	8,000	$	-	
Subtotal Operations & Maintenance	$	487,311	$	166,170	$	158,677	$	7,494	

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/23	Thru 01/31/23	Variance	

Utilities
Utilities - Common Area	
$	30,000	
$	10,000  $	6,700	
$	3,300	
Streetlighting	$	110,000	$	36,667  $	34,035	$	2,632	
Amenity Center
Amenity Management	
$	87,385	
$	29,128  $	29,128	
$	0	
Pool Attendants	$	15,600	$	5,200  $	609	$	4,591	
Pool Permit	$	550	$	-	$	-	$	-	
Cable TV/Internet/Telephone	$	4,415	$	1,472  $	1,029	$	443	
Utilities - Amenity Center	$	21,000	$	7,000  $	7,488	$	(488)	
Refuse Service	$	2,880	$	960  $	879	$	81	
Amenity Center Access Cards	$	1,000	$	333  $	-	$	333	
HVAC Maintenance	$	574	$	574  $	456	$	118	
Special Events	$	14,962	$	10,911  $	10,911	$	-	
Holiday Decorations	$	8,500	$	8,500  $	9,099	$	(599)	
Security Monitoring	$	1,920	$	640  $	620	$	20	
Janitorial Services	$	21,480	$	7,160  $	7,935	$	(775)	
Pool Maintenance	$	20,000	$	6,667  $	11,734	$	(5,067)	
Fitness Repairs & Maintenance	$	5,000	$	1,667  $	250	$	1,417	
Amenity Repairs & Maintenance	$	5,000	$	1,667  $	-	$	1,667	
Pest Control	$	1,218	$	406  $	200	$	206	
Other
Property Insurance	
$	41,692	
$	41,692  $	33,831	
$	7,861	
Contingency	$	7,500	$	7,500  $	10,197	$	(2,697)	
Subtotal Operations & Maintenance	$	400,676	$	178,143  $	165,102	$	13,042	
				
Total Expenditures	$	1,027,834	$	401,506  $	370,758	$	30,748	
				
Excess (Deficiency) of Revenues over Expenditures	$	(2,408)	$	487,509		

Other Financing Sources/(Uses):				
Transfer In/(Out) - Capital Reserve	$	(24,000)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(24,000)	$	-  $	-	$	-	
				
Net Change in Fund Balance	$	(26,408)	$	487,509		
				
Fund Balance - Beginning	$	26,408	$	513,064		
				
Fund Balance - Ending	$	-	$	1,000,573		

Randal Park
Community Development District Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending January 31, 2023

Adopted	Prorated Budget	Actual	
Budget	Thru 01/31/23	Thru 01/31/23	Variance	

Revenues		
Interest	$	500	$	500	$	4,224	$	3,724	
Total Revenues	$	500	$	500	$	4,224	$	3,724	

Expenditures:					
Capital Outlay	$	25,000	$	8,131	$	8,131	$	-	
Shade Structures	$	115,000	$	15,685	$	15,685	$	-	
Soccer Field Turf	$	6,000	$	-	$	-	$	-	
Total Expenditures	$	146,000	$	23,816	$	23,816	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	(145,500)		$	(19,592)		

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	24,000	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	24,000	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	(121,500)		$	(19,592)		
					
Fund Balance - Beginning	$	206,295		$	308,456		
					
Fund Balance - Ending	$	84,795		$	288,864		

Revenues:					
Assessments	$	397,350	$	342,146	$	342,146	$	-	
Interest	$	100	$	100	$	6,837	$	6,737	
Total Revenues	$	397,450	$	342,246	$	348,984	$	6,737	

Expenditures:					
Interest Payment - 11/01	$	144,269	$	144,269	$	144,125	$	144	
Principal Payment - 11/01	$	95,000	$	95,000	$	90,000	$	5,000	
Interest Payment - 05/01	$	141,538	$	-	$	-	$	-	
Total Expenditures	$	380,806	$	239,269	$	234,125	$	5,144	
					
Excess (Deficiency) of Revenues over Expenditures	$	16,644		$	114,859		
					
Fund Balance - Beginning	$	391,325		$	793,886		
					
Fund Balance - Ending	$	407,969		$	908,745		

Revenues:					
Assessments	$	590,148	$	509,372	$	509,372	$	-	
Interest	$	125	$	125	$	9,203	$	9,078	
Total Revenues	$	590,273	$	509,497	$	518,576	$	9,078	

Expenditures:					
Interest Payment - 11/01	$	203,190	$	203,190	$	202,871	$	319	
Principal Payment - 11/01	$	180,000	$	180,000	$	180,000	$	-	
Interest Payment - 05/01	$	199,365	$	-	$	-	$	-	
Total Expenditures	$	582,555	$	383,190	$	382,871	$	319	
					
Excess (Deficiency) of Revenues over Expenditures	$	7,718		$	135,704		
					
Fund Balance - Beginning	$	513,092		$	1,113,648		
					
Fund Balance - Ending	$	520,809		$	1,249,352		

Revenues:					
Assessments	$	117,674	$	101,571	$	101,571	$	-	
Interest	$	50	$	50	$	958	$	908	
Total Revenues	$	117,724	$	101,621	$	102,529	$	908	

Expenditures:					
Interest Payment - 11/01	$	42,298	$	42,298	$	42,298	$	-	
Principal Payment - 05/01	$	30,000	$	-	$	-	$	-	
Interest Payment - 05/01	$	42,298	$	-	$	-	$	-	
Total Expenditures	$	114,595	$	42,298	$	42,298	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	3,129		$	60,231		
					
Fund Balance - Beginning	$	56,003		$	116,442		
					
Fund Balance - Ending	$	59,132		$	176,673		

	Series			Series		
		2015			2018			Total		
Revenues

Interest	

$		

5	

$		

1	

$		

5	
Total Revenues	$		5	$		1	$		5	

Expenditures:

Capital Outlay	

$		

-	

$		

-	

$		

-	
Total Expenditures	$		-	$		-	$		-	
										
Excess (Deficiency) of Revenues over Expenditures	$		5	$		1	$		5	
										
Fund Balance - Beginning	$		439	$		55	$		494	
										
Fund Balance - Ending	$		443	$		56	$		499	

	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Special Assessments	$	-	$	65,299	$	152,124	$	614,053	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  831,476	
Colonial Properties Contribution	$	4,155	$	4,157	$	4,123	$	4,158	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	16,593	
Miscellaneous Revenue	$	95	$	-	$	10	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	105	
Activities	$	-	$	-	$	-	$	1,444	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,444	
Rentals	$	2,750	$	-	$	3,300	$	2,600	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	8,650	
Total Revenues	$	7,000	$	69,456	$	159,556	$	622,254	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$  858,267	

Expenditures:							
General & Administrative:							
Supervisor Fees	$	800	$	800	$	600	$	600	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	2,800	
FICA Expense	$	61	$	61	$	46	$	46	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	214	
Annual Audit	$	-	$	-	$	-	$	4,500	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	4,500	
Trustee Fees	$	-	$	-	$	4,000	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	4,000	
Dissemination Agent	$	875	$	875	$	875	$	875	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	3,500	
Arbitrage	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	-	
Engineering	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	-	
Attorney	$	1,681	$	567	$	1,067	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	3,314	
Assessment Administration	$	5,000	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	5,000	
Management Fees	$	3,657	$	3,657	$	3,657	$	3,657	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	14,627	
Information Technology	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	600	
Website Maintenance	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	400	
Telephone	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	-	
Postage	$	76	$	17	$	14	$	18	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	124	
Insurance	$	7,109	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	7,109	
Printing & Binding	$	30	$	74	$	7	$	14	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	125	
Legal Advertising	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	-	
Other Current Charges	$	40	$	110	$	41	$	56	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	246	
Office Supplies	$	1	$	1	$	1	$	1	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	3	
Property Appraiser	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	-	
Property Taxes	$	-	$	241	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	241	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	175	
Subtotal General & Administrative	$	19,755	$	6,652	$	10,556	$	10,017	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	46,980	

Operations & Maintenance							
Contract Services:
Field Management	

$	1,567	

$	1,567	

$	1,567	

$	1,567	

$	-  $	-  $	-  $	-  $	-	

$	-  $	-  $	-  $	6,269	
Mitigation Monitoring	$	4,800	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	4,800	
Landscape Maintenance	$	25,214	$	25,214	$	25,214	$	25,214	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $  100,856	
Lake Maintenance	$	890	$	890	$	890	$	890	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	3,560	
Security Patrol	$	1,443	$	1,237	$	1,788	$	2,542	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	7,008	

Repairs & Maintenance
Facility Maintenance	

$	2,548	

$	2,548	

$	2,548	

$	2,548	

$	-  $	-  $	-  $	-  $	-	

$	-  $	-  $	-  $	10,192	
Repairs & Maintenance	$	81	$	3,740	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	3,822	
Operating Supplies	$	590	$	-	$	745	$	590	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	1,924	
Landscape Replacement	$	5,528	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	5,528	
Irrigation Repairs	$	990	$	2,499	$	-	$	812	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	4,301	
Fountain Maintenance	$	150	$	1,967	$	150	$	150	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	2,417	
Pressure Washing	$	-	$	8,000	$	-	$	-	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $	8,000	
Subtotal Operations & Maintenance	$	43,801	$	47,662	$	32,901	$	34,313	$	-  $	-  $	-  $	-  $	-	$	-  $	-  $	-  $  158,677	

Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total

Utilities
Utilities - Common Area Streetlighting

$	1,923  $
$	8,509  $

1,398  $
8,509  $

1,697  $
8,509  $

1,681  $
8,509  $

-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $

-  $	6,700
-  $	34,035

Amenity Center Amenity Management Pool Attendants
Pool Permit
Cable TV/Internet/Telephone Utilities - Amenity Center Refuse Service
Amenity Center Access Cards HVAC Maintenance
Special Events Holiday Decorations Security Monitoring Janitorial Services Pool Maintenance
Fitness Repairs & Maintenance Amenity Repairs & Maintenance Pest Control

$	7,282  $
$	455  $
$	-  $
$	291  $
$	1,947  $
$	214  $
$	-  $
$	-  $
$	837  $
$	-  $
$	155  $
$	1,986  $
$	5,063  $
$	-  $
$	-  $
$	50  $

7,282  $
154  $
-  $
-  $
2,089  $
222  $
-  $
456  $
687  $
9,099  $
155  $
2,049  $
2,022  $
-  $
-  $
50  $

7,282  $
-  $
-  $
447  $
1,869  $
222  $
-  $
-  $
9,387  $
-  $
155  $
2,049  $
2,004  $
250  $
-  $
50  $

7,282  $
-  $
-  $
291  $
1,582  $
222  $
-  $
-  $
-  $
-  $
155  $
1,852  $
2,645  $
-  $
-  $
50  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $
-  $	-  $	-  $

-  $	29,128
-  $	609
-  $	-
-  $	1,029
-  $	7,488
-  $	879
-  $	-
-  $	456
-  $	10,911
-  $	9,099
-  $	620
-  $	7,935
-  $	11,734
-  $	250
-  $	-
-  $	200

Other
Property Insurance Contingency

$	33,831  $
$	1,093  $

-  $
2,000  $

-  $
6,692  $

-  $
413  $

-  $	-  $
-  $	-  $

-  $	-  $
-  $	-  $

-  $	-  $	-  $
-  $	-  $	-  $

-  $	33,831
-  $	10,197

Other Financing Sources/Uses:

Transfer In/(Out) - Capital Reserve

$

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-

Net Change in Fund Balance	$	(120,190)  $	(48,492)  $	75,486  $	553,243  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  487,509

Total Other Financing Sources/Uses	$	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-

Excess Revenues (Expenditures)	$	(120,190)  $	(48,492)  $	75,486  $	553,243  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  487,509

Total Expenditures	$	127,190  $	117,949  $	84,070  $	69,012  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  370,758

Subtotal Operations & Maintenance	$	63,635  $	63,635  $	40,613  $	24,682  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $	-  $  165,102

Randal Park
Community Development District
Long Term Debt Report

Series 2012 Special Assessment Bonds		
Interest Rate :	Various	
	(5.75% , 6.125% , 6.875%)	
Maturity Date :	11/1/2042	
Reserve Fund Requirement :	$397,203	
Reserve Fund Balance :	$405,198	
Bonds Outstanding - 05/17/2012	$5,115,000	
Less : November 1, 2013 (Mandatory)	($65,000)	
Less : November 1, 2014 (Mandatory)	($70,000)	
Less : November 1, 2015 (Mandatory)	($70,000)	
Less : November 1, 2016 (Mandatory)	($75,000)	
Less : November 1, 2017 (Mandatory)	($80,000)	
Less : November 1, 2018 (Mandatory)	($85,000)	
Less : November 1, 2019 (Mandatory)	($90,000)	
Less : November 1, 2020 (Mandatory)	($95,000)	
Less : November 1, 2020 (Special Call)	($15,000)	
Less : August 1, 2021 (Special Call)	($5,000)	
Less : November 1, 2021 (Mandatory)	($90,000)	
Less : August 1, 2022 (Special Call)	($5,000)	
Less : November 1, 2022 (Mandatory)	($90,000)	
Current Bonds Outstanding	$4,280,000	

Series 2015 Special Assessment Bonds		
Interest Rate :	Various	
	(4.25% , 5% , 5.2%)	
Maturity Date :	11/1/2045	
Reserve Fund Requirement :	$596,080	
Reserve Fund Balance :	$598,032	
Bonds Outstanding - 03/18/2015	$9,055,000	
Less : November 1, 2016 (Mandatory)	($145,000)	
Less : November 1, 2017 (Mandatory)	($150,000)	
Less : February 1, 2018 (Special Call)	($15,000)	
Less : November 1, 2018 (Mandatory)	($155,000)	
Less : November 1, 2018 (Special Call)	($20,000)	
Less : February 1, 2019 (Special Call)	($20,000)	
Less : August 1, 2019 (Special Call)	($5,000)	
Less : November 1, 2019 (Mandatory)	($155,000)	
Less : November 1, 2020 (Mandatory)	($165,000)	
Less : November 1, 2021 (Mandatory)	($170,000)	
Less : February 1, 2022 (Special Call)	($5,000)	
Less : August 1, 2022 (Special Call)	($5,000)	
Less : November 1, 2022 (Mandatory)	($180,000)	
Current Bonds Outstanding	$7,865,000	

Series 2018 Special Assessment Bonds		
Interest Rate :	Various (4.100% , 4.500% , 5.050%, 5.200%)	
Maturity Date :	5/1/49	
Reserve Fund Requirement :	$58,837	
Reserve Fund Balance :	$59,448	
Bonds Outstanding - 11/30/2018	$1,770,000	
Less : May 1, 2020 (Mandatory)	($30,000)	
Less : May 1, 2021 (Mandatory)	($30,000)	
Less : May 1, 2022 (Mandatory)	($30,000)	
Current Bonds Outstanding	$1,680,000	

Randal Park
COMMUNITY DEVELOPMENT DISTRICT

Gross Assessments	$ 1,024,828.80	$	421,709.97	$	627,822.63	$	125,190.00	$ 2,199,551.40	
Net Assessments	$  963,339.07	$	396,407.37	$	590,153.27	$	117,678.60	$ 2,067,578.32	
ON ROLL ASSESSMENTS	
46.59%	
19.17%	
28.54%	
5.69%	
100.00%	

Assessment Receipt Schedule Fiscal Year 2023

Date	
Distribution	
Distribution Period	
Gross Amount	
Commissions	
Discount/Penalty	
Interest	
Net Receipts	
O&M Portion	Series 2012 Debt Service	Series 2015 Debt Service	Series 2018 Debt Service	
Total	

11/1/22	
1	
05/21/22 - 10/22/22	
$6,997.19	
$0.00	
($367.35)	
$0.00	
$6,629.84	
$3,089.02	
$1,271.11	
$1,892.37	
$377.34	
$6,629.84	
11/16/22	2	10/22/22 - 11/01/22	$38,758.11	$0.00	($1,550.35)	$0.00	$37,207.76	$17,336.07	$7,133.68	$10,620.29	$2,117.72	$37,207.76	
11/23/22	3	11/02/22 - 11/08/22	$100,324.46	$0.00	($4,012.98)	$0.00	$96,311.48	$44,874.05	$18,465.36	$27,490.39	$5,481.68	$96,311.48	
12/07/22	4	11/09/22 - 11/17/22	$73,592.33	$0.00	($2,943.69)	$0.00	$70,648.64	$32,917.06	$13,545.14	$20,165.39	$4,021.05	$70,648.64	
12/14/22	5	11/18/22 - 11/21/22	$194,106.96	$0.00	($7,764.33)	$880.87	$187,223.50	$87,232.35	$35,895.51	$53,439.60	$10,656.04	$187,223.50	
12/21/22	6	11/22/22 - 11/26/22	$71,484.32	$0.00	($2,859.42)	$0.00	$68,624.90	$31,974.14	$13,157.14	$19,587.75	$3,905.87	$68,624.90	
01/13/23	7	11/27/22	$1,372,832.17	$0.00	($54,913.60)	$0.00	$1,317,918.57	$614,052.90	$252,678.52	$376,176.30	$75,010.85	$1,317,918.57	
	TOTAL		$ 1,858,095.54	$	-	$	(74,411.72)	$	880.87	$ 1,784,564.69	$  831,475.59	$	342,146.46	$	509,372.09	$	101,570.55	$ 1,784,564.69	

86%
$283,013.63

Net Percent Collected
Balance Remaining to Collect

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