Randal Park Community Development District Proposed
FY 2024 Budget

RANDAL PARK COMMUNITY DEVELOPMENT DISTRICT BOUNDARIES

RANDAL PARK COMMUNITY DEVELOPMENT DISTRICT COMPONENTS
RPCDD is 594.43 Acres
904 Residential Units – 797 Randal Park – 107 Randal Walk
Stormwater Management System
Landscape and Hardscape
Streetlights
Amenities/Recreation
Amenity Center
Pool
Gym
Various Parks and Playgrounds
Dog Parks
Walking Trails

VISIT THE CDD WEBSITE: WWW.RANDALPARKCDD.COM

CDD Accomplishments

Pedestrian Bridge Repair

Amenity Events
9 Community Events
Through June 2023 – 54 amenity rentals

CDD Accomplishments
Removal/Replacement of Pool Pergola

Improved Playground Drainage

CDD Accomplishments

Added Swings

Vulture Permit Renewal

CDD Accomplishments

Splash Pad Surface Repair
Upgraded Splash Pad Controller

Fountain Cleaning/Replacing Vendor

CDD Accomplishments

Wood Staining

Improved Holiday Lighting
Sod Repair at Dog Parks
Gym/Clubhouse HID Access System – Planned to be complete by August 2023

	
FY 2024	

Debt Service Fees	Varies by Unit Type
$1,072 to $1,705	
Operations and Maintenance Fees (General Fund)*	
$1,431.80	

Proposed FY 2024 Assessments

* Proposed FY 2024 Budget Includes a 20% O & M Increase over FY 2023 See page 2 in budget

Expenses – By Category, FY 2024 Budget

Other 13%

Administration 12%

Amenity 22%

Utilities 11%

Maintenance 42%

Historical Expenses

FY 2022 Budget	FY 2023 Budget	FY 2024 Budget

Administration	
$135,601	
$139,847	
$143,313	

Maintenance	
$447,896	
$487,311	
$515,908	

Utilities	
$140,000	
$140,000	
$140,000	

Amenity	
$185,197	
$211,484	
$265,555	

Other	
$115,976	
$73,192	
$154,672*	

$1,024,670	$1,051,834	$1,219,448

* Approx. $93k reserve contribution

Historical O & M

	2017	2018	2019	2020	2021	2022	2023	2024	
O & M	$939.69	$1,063.34	$1,063.34	$1,285.86	$1,191.80	$1,191.80	$1,191.80	$1,431.80	

$1,600.00

$1,400.00

$1,200.00

$1,000.00

$800.00

$600.00

$400.00

$200.00

$0.00

2017

2018

2019

2020

2021

2022

2023

2024

Averages to a 6.5% increase annually over 8 Fiscal Years

Reasons for Increase
Stabilize and Build Up Reserves – Projected at $223k at end of FY 23
Reserve Study Recommends Approx $90k per year Reserve
Potential Projects
Reconstruct Pedestrian Bridge
Improved Gym Equipment
Stormwater Repairs
Trail/Walkway Repairs
Landscape Replacements
Account for Increases in Contracts