Randal Park
Community Development District

Proposed Budget
FY 2026

Randal Park
Assessments Schedule - FY2025 Table of Contents

1-2

3-10

11

12

13

14

15

16

17

18-19

	General Fund

	General Fund Narrative

	Capital Reserve Fund

	Series 2012 Debt Service Fund

	Series 2012 Amortization Schedule

	Series 2015 Debt Service Fund

	Series 2015 Amortization Schedule

	Series 2018 Debt Service Fund

	Series 2018 Amortization Schedule

	General Fund Assessment Calculation

20		Assessments Schedule

Description	Adopted FY2025
Budget	Actual Thru 4/30/25	Projected Next 5 Months	Projected Thru 9/30/25	Proposed FY2026
Budget	

Revenues						
Special Assessments	$	1,151,680	$	1,082,316	$	69,364	$	1,151,680	$	1,151,680	
Colonial Properties Contribution	$	55,607	$	33,043	$	24,250	$	57,293	$	57,051	
Interest Income	$	-	$	2,714	$	5,428	$	3,845	$	1,922	
Miscellaneous Revenue	$	1,000	$	1,760	$	1,257	$	3,017	$	1,000	
Activities	$	5,000	$	2,520	$	250	$	2,770	$	5,000	
Rentals	$	9,000	$	11,010	$	7,864	$	18,874	$	9,000	
Carry Forward Surplus	$	-	$	665,210	$	-	$	665,210	$	42,227	
Total Revenues	$ 1,222,287	$ 1,798,573	$	108,413	$ 1,902,689	$ 1,267,881	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	6,400	
$	5,000	
$	11,400	
$	12,000	
FICA Expense	$	918	$	490	$	383	$	872	$	918	
Annual Audit	$	4,600	$	4,700	$	-	$	4,700	$	4,700	
Trustee Fees	$	12,500	$	9,833	$	2,667	$	12,500	$	13,750	
Dissemination Agent	$	11,025	$	6,431	$	2,680	$	9,111	$	11,356	
Arbitrage	$	1,800	$	600	$	1,200	$	1,800	$	1,800	
Engineering	$	10,000	$	120	$	4,167	$	4,287	$	10,000	
Attorney	$	20,000	$	8,035	$	4,000	$	12,035	$	20,000	
Assessment Administration	$	5,565	$	5,565	$	-	$	5,565	$	5,732	
Management Fees	$	50,004	$	29,169	$	20,835	$	50,004	$	51,504	
Information Technology	$	2,004	$	1,169	$	835	$	2,004	$	2,064	
Website Maintenance	$	1,336	$	779	$	557	$	1,336	$	1,376	
Telephone	$	100	$	-	$	42	$	42	$	100	
Postage	$	1,000	$	578	$	422	$	1,000	$	1,000	
Insurance	$	8,094	$	8,688	$	-	$	8,688	$	10,207	
Printing & Binding	$	1,500	$	191	$	137	$	328	$	1,500	
Legal Advertising	$	2,250	$	739	$	1,300	$	2,039	$	2,250	
Other Current Charges	$	1,500	$	284	$	275	$	559	$	1,500	
Office Supplies	$	200	$	4	$	25	$	29	$	200	
Property Appraiser	$	800	$	-	$	-	$	-	$	800	
Property Taxes	$	300	$	325	$	-	$	325	$	300	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	147,671	$	84,276	$	44,522	$	128,799	$	153,232	

Maintenance						
Contract Services:
Field Management	
$	20,933	
$	12,211	
$	8,722	
$	20,933	
$	21,561	
Mitigation Monitoring	$	19,200	$	9,600	$	9,600	$	19,200	$	19,200	
Landscape Maintenance	$	330,404	$	189,065	$	135,046	$	324,111	$	346,924	
Lake Maintenance	$	11,640	$	5,658	$	5,658	$	11,316	$	11,882	
Security Patrol	$	41,250	$	20,380	$	20,000	$	40,380	$	41,250	
Repairs & Maintenance
Facility Maintenance	
$	34,031	
$	19,851	
$	14,180	
$	34,031	
$	35,052	
Repairs & Maintenance	$	30,000	$	11,330	$	18,670	$	30,000	$	30,000	
Operating Supplies	$	9,800	$	4,693	$	3,000	$	7,693	$	8,000	
Landscape Replacement	$	15,000	$	17,527	$	-	$	17,527	$	25,000	
Irrigation Repairs	$	10,000	$	4,044	$	5,956	$	10,000	$	10,000	
Fountain Repairs	$	3,000	$	370	$	2,630	$	3,000	$	3,000	
Pressure Washing	$	9,000	$	9,000	$	-	$	9,000	$	9,000	
Subtotal Maintenance	$	534,259	$	303,731	$	223,462	$	527,192	$	560,869	

Description

Adopted FY2025
Budget

Actual Thru 4/30/25

Projected Next 5 Months

Projected Thru 9/30/25

Proposed FY2026
Budget

Utilities
Utilities - Common Area	
$	33,000	
$	13,895	
$	12,500	
$	26,395	
$	29,034	
Streetlighting	$	121,000	$	60,284	$	43,250	$	103,534	$	110,000	

Amenity Center
Amenity Management	

$	100,930	

$	58,876	

$	42,054	

$	100,930	

$	106,986	
Pool Attendants	$	15,500	$	2,055	$	13,445	$	15,500	$	16,740	
Pool Permit	$	550	$	615	$	-	$	615	$	615	
Cable TV/Internet/Telephone	$	4,857	$	2,230	$	1,750	$	3,980	$	4,857	
Utilities - Amenity Center	$	25,641	$	10,149	$	9,500	$	19,649	$	28,205	
Refuse Service	$	3,168	$	1,652	$	1,200	$	2,852	$	3,168	
Amenity Center Access Cards	$	1,000	$	-	$	1,000	$	1,000	$	1,000	
HVAC Maintenance	$	574	$	223	$	351	$	574	$	574	
Special Events	$	15,000	$	14,034	$	966	$	15,000	$	15,000	
Holiday Decorations	$	9,500	$	9,931	$	-	$	9,931	$	10,000	
Security Monitoring	$	2,345	$	1,463	$	1,045	$	2,507	$	2,600	
Janitorial Services	$	26,250	$	16,107	$	12,500	$	28,607	$	30,037	
Pool Maintenance	$	30,240	$	15,750	$	12,450	$	28,200	$	32,130	
Pool Chemicals & Repairs	$	19,450	$	28,352	$	20,000	$	48,352	$	50,000	
Amenity Repairs & Maintenance	$	5,000	$	5,926	$	3,500	$	9,426	$	9,500	
Pest Control	$	11,500	$	2,256	$	302	$	2,558	$	3,500	

Other
Property Insurance	

$	55,019	

$	45,279	

$	-	

$	45,279	

$	50,000	
Contingency	$	34,032	$	612	$	14,180	$	14,792	$	24,032	
Transfer Out - Capital Reserve	$	25,802	$	25,802	$	-	$	25,802	$	25,802	
Subtotal Maintenance	$	540,358	$	315,491	$	189,993	$	505,484	$	553,779	
						
Total Expenditures	$ 1,222,287	$	703,498	$	457,977	$ 1,161,474	$ 1,267,881	
						
Excess Revenues/(Expenditures)	$	-	$ 1,095,076	$	(349,564)	$	741,215	$	-	

Net Assessments	
Adopted Budget
	FY2023	
$	963,338	
Adopted Budget
	FY2024	
$	1,151,680	
Adopted Budget
	FY2025	
$	1,151,680	
Proposed Budget
	FY2026	
$	1,151,680	
Proposed FY26 Increase/
  (Decrease) 
$	-	
Add: Discounts & Collections 6%	 $	61,490	$	73,511 	 $	73,511 	 $	73,511 	 $	-		
Gross Assessments	 $	1,024,828 	 $	1,225,191 	 $	1,225,191 	 $	1,225,191 	 $	-		
Assessable Units	904	904	904	904		
Per Unit Assessment - Phases 1 - 5	$	1,191.80	$	1,431.80	$	1,431.80	$	1,431.80	$	-	
Per Unit Assessment - Randal Walk	$	700.60	$	785.47	$	785.47	$	785.47	$	-	
Notes:
(1 thru 6) is shared costs with Colonial Properties						

Total Proposed
FY2026 Budget	Shared
Costs	Colonial Properties
Allocation	
$	21,561	$	10,780	$	5,390	
$	346,924	$	89,625	$	44,813	
$	11,882	$	1,474	$	737	
$	10,000	$	2,000	$	1,000	
$	29,034	$	3,052	$	1,526	
$	110,000	$	7,170	$	3,585	
Totals:	$	114,102	$	57,051	

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

REVENUES:
Special Assessments

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

Colonial Properties Contribution

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

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

Activities

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

Rentals

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

EXPENDITURES:
Administrative:

Supervisor Fees

The Florida Statutes allows each supervisor to be paid $200 per meeting for the time devoted to District business and board meetings, not to exceed $4,800 per year. The amount is based upon five supervisors attending 12 monthly meetings.

FICA Expense

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

Annual Audit

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

Trustee Fees

The District issued Series 2012, Series 2015 and Series 2018 Special Assessment Bonds that are deposited with a Trustee at Wells Fargo Bank.

Dissemination Agent

The District is required by the Security and Exchange Commission to comply with Rule 15c2-12(b) (5) which relates to additional reporting requirements for unrated bond issues. The District has contracted with Governmental Management Services – Central Florida, LLC to provide this service.

Arbitrage

The District has contracted with Grau & Associates to calculate the District’s annual Arbitrage Rebate Liability on the Series 2012, Series 2015 and Series 2018 Special Assessment Bonds.

Engineering

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

Attorney

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

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC, to levy and administer the collection of a non-ad valorem assessment on all assessable property within the District.

Management Fees

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

Information Technology

Represents various cost of information technology with Governmental Management Services – Central Florida, LLC for the District such as video conferencing, cloud storage and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

Represents the costs associated with monitoring and maintaining the District’s website created in accordance with Chapter 189, Florida Statutes. These services include site performance assessments, security and firewall maintenance, updates, document uploads, hosting and domain renewals, website backups, etc. The District is contracted with Governmental Management Services – Central Florida LLC.

Telephone

Telephone and fax machine.

Postage

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

Insurance

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

Printing & Binding

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

Legal Advertising

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

Other Current Charges

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

Office Supplies

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

Property Appraiser

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

Property Taxes

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

Dues, Licenses & Subscriptions

The District is required to pay an annual fee to the Florida Department of Commerce for $175. This is the only expense under this category for the District.

Maintenance:

Contract Services:

Field Management

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

Mitigation Monitoring

The District will be required to maintain and monitor the 298 acres of Jurisdictional Wetlands, Wetland Buffers, and Wetland Mitigation throughout the District. The amounts are based upon quarterly services.

Landscape Maintenance

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

Description	Monthly	Annually	
Landscape Maintenance	$28,910
TOTAL	$346,924	
	$346,924	

Lake Maintenance

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

Description	Monthly	Annually	
Lake Maintenance	$990
Total	$11,882	
	$11,882	

Security Patrol

The District has contracted with the Orlando Police Department to provide security services throughout the fiscal year.

Repairs & Maintenance:

Facility Maintenance

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

Repairs & Maintenance

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

Operating Supplies

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

Landscape Replacement

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

Irrigation Repairs

To record expenses for repairs to the irrigation system.

Fountain Repairs

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

Pressure Washing

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

Utilities:

Utilities – Common Area

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

Streetlighting

Orlando Utilities Commission provides for the streetlights within the community.

Amenity Center:

Amenity Management

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

Pool Attendants

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

Pool Permit

Estimated cost for required pool permit.

Cable TV/Internet/Telephone

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

Description	Monthly	Annually	
Cable TV/Internet/Telephone			
Spectrum	$328	$3,934	
Music Services		$375	
Contingency		$548	
TOTAL		$4,857	

Utilities – Amenity Center

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

Refuse Service

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

Description	Monthly	Annually	
Refuse Services	$264
TOTAL	$3,168	
	$3,168	

Amenity Center Access Cards

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

HVAC Maintenance

The District will have preventative maintenance performed on the HVAC system.

Special Events

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

Holiday Decorations

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

Security Monitoring

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

Description	Monthly	Annually	
Synergy Wi-Pak
TOTAL	$45
$172	$538
$2,062	
		$2,600	

Janitorial Services

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

Description	Monthly	Annually	
B&T Building Services	$1,715	$20,583	
Cintas - Mat Cleanings		$2,722	
Janitorial Supplies/Materials		$6,732	
TOTAL		$30,037	

Pool Maintenance

The District will contract with respective companies for pool maintenance services.

Description	Monthly	Annually	
Pool Maintenance			
3x a Week Cleaning (Oct-May , Sep)	$2,363	$21,263	
5x a Week Cleaning (Jul - Aug)	$2,993	$8,978	
Contingency		$1,890	
TOTAL		$32,130	

Pool Chemicals & Repairs

Estimated miscellaneous pool maintenance and chemical costs not included under the agreements with Spies Pools.

Fitness Repairs & Maintenance

Represents costs related to repairing and maintaining the fitness equipment owned by the District.

Amenity Repairs & Maintenance

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

Pest Control

The District has contracted with Arrow Environmental for monthly treatment at the Amenity Center. This also includes costs relating to termite control and animal trapping.

Description	Annually	
Pest Control	$912	
Termite Bond	$588	
Animal Trapping/Vulture Taking	$2,000	
TOTAL	$3,500	

Other:

Property Insurance

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

Contingency

Represents unforeseen cost not budgeted in other line items.

Transfer Out - Capital Reserve

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

Description	Adopted FY2025
Budget	Actual Thru 4/30/25	Projected Next 5 Months	Projected Thru 9/30/25	Proposed FY2026
Budget	

Revenues						
Transfer In	$	25,802	$	25,802	$	-	$	25,802	$	25,802	
Interest	$	8,614	$	10,720	$	7,657	$	18,377	$	9,189	
Carry Forward Surplus	$	328,863	$	363,696	$	-	$	363,696	$	407,875	
Total Revenues	$  363,279	$  400,218	$	7,657	$  407,875	$  442,865	

Expenditures						

Capital Outlay	
$	25,000	
$	-	$	-	$	-	$	25,000	
Pool Resurfacing	$	-	$	-	$	-	$	-	$	28,500	
Total Expenditures	$	25,000	$	-	$	-	$	-	$	53,500	
		$	-	
Excess Revenue/(Expenditures)	$  338,279	$  400,218	$	7,657	$  407,875	$  389,365	

Description

Adopted FY2025
Budget

Actual Thru 4/30/25

Projected Next 5 Months

Projected Thru 9/30/25

Proposed FY2026
Budget

Revenues		
Assessments	$	396,407	$	371,538	$	24,869	$	396,407	$	396,407	
Interest	$	20,042	$	20,288	$	14,492	$	34,780	$	17,390	
Carry Forward Surplus	$	491,322	$	525,282	$	-	$	525,282	$	539,113	
Total Revenues	$  907,772	$  917,109	$	39,361	$  956,470	$  952,911	

Expenditures						
Interest Payment - 11/01	$	138,016	$	138,169	$	-	$	138,169	$	134,188	
Principal Payment - 11/01	$	125,000	$	135,000	$	-	$	135,000	$	125,000	
Principal Payment - 2/01	$	-	$	10,000	$	-	$	10,000	$	-	
Interest Payment - 05/01	$	134,188	$	-	$	134,188	$	134,188	$	130,359	
Total Expenditures	$  397,203	$  283,169	$  134,188	$  417,356	$  389,547	
						
Excess Revenue/(Expenditures)	$  510,569	$  633,940	$	(94,827)	$  539,113	$  563,364	

Interest Payment 11/1/26 $	130,359
Principal Payment 11/1/26  $	135,000 
 $	265,359 

Proposed Budget
	FY2026	
Net Assessments	$	396,407

Add: Discounts & Collections 6%
Gross Assessments

 $	25,303 
 $	421,710 

Randal Park
Community Development District Assessments Schedule - FY2026 Amortization Schedule

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	
									
11/01/25	$	4,040,000.00	$	125,000.00	$	134,187.50	$	393,375.00	
05/01/26	$	3,915,000.00	$	-	$	130,359.38	$	-	
11/01/26	$	3,915,000.00	$	135,000.00	$	130,359.38	$	395,718.75	
05/01/27	$	3,780,000.00	$	-	$	126,225.00	$	-	
11/01/27	$	3,780,000.00	$	140,000.00	$	126,225.00	$	392,450.00	
05/01/28	$	3,640,000.00	$	-	$	121,937.50	$	-	
11/01/28	$	3,640,000.00	$	150,000.00	$	121,937.50	$	393,875.00	
05/01/29	$	3,490,000.00	$	-	$	117,343.75	$	-	
11/01/29	$	3,490,000.00	$	160,000.00	$	117,343.75	$	394,687.50	
05/01/30	$	3,330,000.00	$	-	$	112,443.75	$	-	
11/01/30	$	3,330,000.00	$	170,000.00	$	112,443.75	$	394,887.50	
05/01/31	$	3,160,000.00	$	-	$	107,237.50	$	-	
11/01/31	$	3,160,000.00	$	180,000.00	$	107,237.50	$	394,475.00	
05/01/32	$	2,980,000.00	$	-	$	101,725.00	$	-	
11/01/32	$	2,980,000.00	$	190,000.00	$	101,725.00	$	393,450.00	
05/01/33	$	2,790,000.00	$	-	$	95,906.25	$	-	
11/01/33	$	2,790,000.00	$	205,000.00	$	95,906.25	$	396,812.50	
05/01/34	$	2,585,000.00	$	-	$	88,859.38	$	-	
11/01/34	$	2,585,000.00	$	215,000.00	$	88,859.38	$	392,718.75	
05/01/35	$	2,370,000.00	$	-	$	81,468.75	$	-	
11/01/35	$	2,370,000.00	$	230,000.00	$	81,468.75	$	392,937.50	
05/01/36	$	2,140,000.00	$	-	$	73,562.50	$	-	
11/01/36	$	2,140,000.00	$	250,000.00	$	73,562.50	$	397,125.00	
05/01/37	$	1,890,000.00	$	-	$	64,968.75	$	-	
11/01/37	$	1,890,000.00	$	265,000.00	$	64,968.75	$	394,937.50	
05/01/38	$	1,625,000.00	$	-	$	55,859.38	$	-	
11/01/38	$	1,625,000.00	$	285,000.00	$	55,859.38	$	396,718.75	
05/01/39	$	1,340,000.00	$	-	$	46,062.50	$	-	
11/01/39	$	1,340,000.00	$	300,000.00	$	46,062.50	$	392,125.00	
05/01/40	$	1,040,000.00	$	-	$	35,750.00	$	-	
11/01/40	$	1,040,000.00	$	325,000.00	$	35,750.00	$	396,500.00	
05/01/41	$	715,000.00	$	-	$	24,578.13	$	-	
11/01/41	$	715,000.00	$	345,000.00	$	24,578.13	$	394,156.25	
05/01/42	$	370,000.00	$	-	$	12,718.75	$	-	
11/01/42	$	370,000.00	$	370,000.00	$	12,718.75	$	395,437.50	
			$	4,165,000.00	$	3,479,956.25	$	7,759,956.25	

Randal Park
Community Development District Proposed Budget
Debt Service - Series 2015

Description

Adopted FY2025
Budget

Actual Thru 4/30/25

Projected Next 5 Months

Projected Thru 9/30/25

Proposed FY2026
Budget

Revenues		
Assessments	$	589,600	$	553,874	$	35,727	$	589,600	$	589,600	
Interest	$	27,333	$	27,812	$	19,865	$	47,677	$	23,839	
Carry Forward Surplus	$	641,940	$	680,147	$	-	$	680,147	$	736,385	
Total Revenues	$	1,258,873	$	1,261,832	$	55,592	$	1,317,424	$ 1,349,824	

Expenditures						
Interest Payment - 11/01	$	195,068	$	200,009	$	-	$	200,009	$	191,030	
Principal Payment - 11/01	$	185,000	$	190,000	$	-	$	190,000	$	200,000	
Interest Payment - 05/01	$	191,030	$	-	$	191,030	$	191,030	$	186,780	
Total Expenditures	$	571,098	$	390,009	$  191,030	$	581,039	$  577,810	
						
Excess Revenue/(Expenditures)	$	687,776	$	871,823	$ (135,438)	$	736,385	$  772,014	

Interest Payment 11/1/26  $	186,780
Principal Payment 11/1/26  $	220,000 
 $	406,780 

Proposed Budget
	FY2026	
Net Assessments	$	589,600

Add: Discounts & Collections 6%
Gross Assessments

 $	37,634 
 $	627,234 

Randal Park
Community Development District Assessments Schedule - FY2026 Amortization Schedule

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	
									
11/01/25	$	7,490,000.00	$	200,000.00	$	191,030.00	$	582,060.00	
05/01/26	$	7,290,000.00	$	-	$	186,780.00	$	-	
11/01/26	$	7,290,000.00	$	220,000.00	$	186,780.00	$	593,560.00	
05/01/27	$	7,070,000.00	$	-	$	181,280.00	$	-	
11/01/27	$	7,070,000.00	$	230,000.00	$	181,280.00	$	592,560.00	
05/01/28	$	6,840,000.00	$	-	$	175,530.00	$	-	
11/01/28	$	6,840,000.00	$	240,000.00	$	175,530.00	$	591,060.00	
05/01/29	$	6,600,000.00	$	-	$	169,530.00	$	-	
11/01/29	$	6,600,000.00	$	255,000.00	$	169,530.00	$	594,060.00	
05/01/30	$	6,345,000.00	$	-	$	163,155.00	$	-	
11/01/30	$	6,345,000.00	$	265,000.00	$	163,155.00	$	591,310.00	
05/01/31	$	6,080,000.00	$	-	$	156,530.00	$	-	
11/01/31	$	6,080,000.00	$	280,000.00	$	156,530.00	$	593,060.00	
05/01/32	$	5,800,000.00	$	-	$	149,530.00	$	-	
11/01/32	$	5,800,000.00	$	295,000.00	$	149,530.00	$	594,060.00	
05/01/33	$	5,505,000.00	$	-	$	142,155.00	$	-	
11/01/33	$	5,505,000.00	$	310,000.00	$	142,155.00	$	594,310.00	
05/01/34	$	5,195,000.00	$	-	$	134,405.00	$	-	
11/01/34	$	5,195,000.00	$	325,000.00	$	134,405.00	$	593,810.00	
05/01/35	$	4,870,000.00	$	-	$	126,280.00	$	-	
11/01/35	$	4,870,000.00	$	340,000.00	$	126,280.00	$	592,560.00	
05/01/36	$	4,530,000.00	$	-	$	117,780.00	$	-	
11/01/36	$	4,530,000.00	$	355,000.00	$	117,780.00	$	590,560.00	
05/01/37	$	4,175,000.00	$	-	$	108,550.00	$	-	
11/01/37	$	4,175,000.00	$	375,000.00	$	108,550.00	$	592,100.00	
05/01/38	$	3,800,000.00	$	-	$	98,800.00	$	-	
11/01/38	$	3,800,000.00	$	395,000.00	$	98,800.00	$	592,600.00	
05/01/39	$	3,405,000.00	$	-	$	88,530.00	$	-	
11/01/39	$	3,405,000.00	$	415,000.00	$	88,530.00	$	592,060.00	
05/01/40	$	2,990,000.00	$	-	$	77,740.00	$	-	
11/01/40	$	2,990,000.00	$	435,000.00	$	77,740.00	$	590,480.00	
05/01/41	$	2,555,000.00	$	-	$	66,430.00	$	-	
11/01/41	$	2,555,000.00	$	460,000.00	$	66,430.00	$	592,860.00	
05/01/42	$	2,095,000.00	$	-	$	54,470.00	$	-	
11/01/42	$	2,095,000.00	$	485,000.00	$	54,470.00	$	593,940.00	
05/01/43	$	1,610,000.00	$	-	$	41,860.00	$	-	
11/01/43	$	1,610,000.00	$	510,000.00	$	41,860.00	$	593,720.00	
05/01/44	$	1,100,000.00	$	-	$	28,600.00	$	-	
11/01/44	$	1,100,000.00	$	535,000.00	$	28,600.00	$	592,200.00	
05/01/45	$	565,000.00	$	-	$	14,690.00	$	-	
11/01/45	$	565,000.00	$	565,000.00	$	14,690.00	$	594,380.00	
			$	7,675,000.00	$	5,536,443.75	$	13,396,443.75	

Randal Park
Community Development District Proposed Budget
Debt Service - Series 2018

Description

Adopted FY2025
Budget

Actual Thru 4/30/25

Projected Next 5 Months

Total as of
9/30/25

Proposed FY2026
Budget

Revenues		
Assessments	$	117,674	$	110,591	$	7,083	$	117,674	$	117,674	
Interest	$	2,496	$	3,280	$	2,343	$	5,622	$	2,811	
Carry Forward Surplus	$	77,664	$	84,281	$	-	$	84,281	$	90,443	
Total Revenues	$  197,833	$  198,152	$	9,425	$  207,578	$  210,927	

Expenditures						
Interest Payment - 11/01	$	41,068	$	41,068	$	-	$	41,068	$	40,280	
Principal Payment - 05/01	$	35,000	$	-	$	35,000	$	35,000	$	35,000	
Interest Payment - 05/01	$	41,068	$	-	$	41,068	$	41,068	$	40,280	
Total Expenditures	$  117,135	$	41,068	$	76,068	$  117,135	$  115,560	
						
Excess Revenue/(Expenditures)	$	80,698	$  157,085	$	(66,642)	$	90,443	$	95,367	

Interest Payment 11/1/26  $	39,493 
 $	39,493 

Proposed Budget
	FY2026	
Net Assessments	$	117,674

Add: Discounts & Collections 6%
Gross Assessments

 $	7,511 
 $	125,185 

Randal Park
Community Development District Assessments Schedule - FY2026 Amortization Schedule

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	
									
11/01/25	$	1,585,000.00	$	-	$	40,280.00	$	116,347.50	
05/01/26	$	1,585,000.00	$	35,000.00	$	40,280.00	$	-	
11/01/26	$	1,550,000.00	$	-	$	39,492.50	$	114,772.50	
05/01/27	$	1,550,000.00	$	35,000.00	$	39,492.50	$	-	
11/01/27	$	1,515,000.00	$	-	$	38,705.00	$	113,197.50	
05/01/28	$	1,515,000.00	$	40,000.00	$	38,705.00	$	-	
11/01/28	$	1,475,000.00	$	-	$	37,805.00	$	116,510.00	
05/01/29	$	1,475,000.00	$	40,000.00	$	37,805.00	$	-	
11/01/29	$	1,435,000.00	$	-	$	36,905.00	$	114,710.00	
05/01/30	$	1,435,000.00	$	45,000.00	$	36,905.00	$	-	
11/01/30	$	1,390,000.00	$	-	$	35,768.75	$	117,673.75	
05/01/31	$	1,390,000.00	$	45,000.00	$	35,768.75	$	-	
11/01/31	$	1,345,000.00	$	-	$	34,632.50	$	115,401.25	
05/01/32	$	1,345,000.00	$	45,000.00	$	34,632.50	$	-	
11/01/32	$	1,300,000.00	$	-	$	33,496.25	$	113,128.75	
05/01/33	$	1,300,000.00	$	50,000.00	$	33,496.25	$	-	
11/01/33	$	1,250,000.00	$	-	$	32,233.75	$	115,730.00	
05/01/34	$	1,250,000.00	$	50,000.00	$	32,233.75	$	-	
11/01/34	$	1,200,000.00	$	-	$	30,971.25	$	113,205.00	
05/01/35	$	1,200,000.00	$	55,000.00	$	30,971.25	$	-	
11/01/35	$	1,145,000.00	$	-	$	29,582.50	$	115,553.75	
05/01/36	$	1,145,000.00	$	60,000.00	$	29,582.50	$	-	
11/01/36	$	1,085,000.00	$	-	$	28,067.50	$	117,650.00	
05/01/37	$	1,085,000.00	$	60,000.00	$	28,067.50	$	-	
11/01/37	$	1,025,000.00	$	-	$	26,552.50	$	114,620.00	
05/01/38	$	1,025,000.00	$	65,000.00	$	26,552.50	$	-	
11/01/38	$	960,000.00	$	-	$	24,911.25	$	116,463.75	
05/01/39	$	960,000.00	$	65,000.00	$	24,911.25	$	-	
11/01/39	$	895,000.00	$	-	$	23,270.00	$	113,181.25	
05/01/40	$	895,000.00	$	70,000.00	$	23,270.00	$	-	
11/01/40	$	825,000.00	$	-	$	21,450.00	$	114,720.00	
05/01/41	$	825,000.00	$	75,000.00	$	21,450.00	$	-	
11/01/41	$	750,000.00	$	-	$	19,500.00	$	115,950.00	
05/01/42	$	750,000.00	$	80,000.00	$	19,500.00	$	-	
11/01/42	$	670,000.00	$	-	$	17,420.00	$	116,920.00	
05/01/43	$	670,000.00	$	85,000.00	$	17,420.00	$	-	
11/01/43	$	585,000.00	$	-	$	15,210.00	$	117,630.00	
05/01/44	$	585,000.00	$	85,000.00	$	15,210.00	$	-	
11/01/44	$	500,000.00	$	-	$	13,000.00	$	113,210.00	
05/01/45	$	500,000.00	$	90,000.00	$	13,000.00	$	-	
11/01/45	$	410,000.00	$	-	$	10,660.00	$	113,660.00	
05/01/46	$	410,000.00	$	95,000.00	$	10,660.00	$	-	
11/01/46	$	315,000.00	$	-	$	8,190.00	$	113,850.00	
05/01/47	$	315,000.00	$	100,000.00	$	8,190.00	$	-	
11/01/47	$	215,000.00	$	-	$	5,590.00	$	113,780.00	
05/01/48	$	215,000.00	$	105,000.00	$	5,590.00	$	-	
11/01/48	$	110,000.00	$	-	$	2,860.00	$	113,450.00	
05/01/49	$	110,000.00	$	110,000.00	$	2,860.00	$	112,860.00	
			$	1,650,000.00	$	1,378,607.50	$	3,028,607.50	

	Proposed FY2026								Proposed FY2026	
Description		Budget	Randal Park	Randal Walk		Combined		Total	

Revenues											
Special Assessments	$	1,151,680	$	549,581	$	8,775	$	593,324	$	1,151,680	
Colonial Properties Contribution	$	57,051	$	-	$	-	$	57,051	$	57,051	
Interest Income	$	1,922	$	-	$	-	$	1,922	$	1,922	
Miscellaneous Revenue	$	1,000	$	-	$	-	$	1,000	$	1,000	
Activities	$	5,000	$	5,000	$	-	$	-	$	5,000	
Rentals	$	9,000	$	9,000	$	-	$	-	$	9,000	
Carry Forward Surplus	$	42,227	$	19,619	$	560	$	22,048	$	42,227	
Total Revenues	$	1,267,881	$	583,200	$	9,335	$	675,345	$	1,267,881	

Expenditures											
Administrative											
Supervisor Fees	$	12,000	$	-	$	-	$	12,000	$	12,000	
FICA Expense	$	918	$	-	$	-	$	918	$	918	
Annual Audit	$	4,700	$	-	$	-	$	4,700	$	4,700	
Trustee Fees	$	13,750	$	8,800	$	4,950	$	-	$	13,750	
Dissemination Agent	$	11,356	$	7,571	$	3,785	$	-	$	11,356	
Arbitrage	$	1,800	$	1,200	$	600	$	-	$	1,800	
Engineering	$	10,000	$	-	$	-	$	10,000	$	10,000	
Attorney	$	20,000	$	-	$	-	$	20,000	$	20,000	
Assessment Administration	$	5,732	$	-	$	-	$	5,732	$	5,732	
Management Fees	$	51,504	$	-	$	-	$	51,504	$	51,504	
Information Technology	$	2,064	$	-	$	-	$	2,064	$	2,064	
Website Maintance	$	1,376	$	-	$	-	$	1,376	$	1,376	
Telephone	$	100	$	-	$	-	$	100	$	100	
Postage	$	1,000	$	-	$	-	$	1,000	$	1,000	
Insurance	$	10,207	$	-	$	-	$	10,207	$	10,207	
Printing & Binding	$	1,500	$	-	$	-	$	1,500	$	1,500	
Legal Advertising	$	2,250	$	-	$	-	$	2,250	$	2,250	
Other Current Charges	$	1,500	$	-	$	-	$	1,500	$	1,500	
Office Supplies	$	200	$	-	$	-	$	200	$	200	
Property Appraiser	$	800	$	-	$	-	$	800	$	800	
Property Taxes	$	300	$	-	$	-	$	300	$	300	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	175	$	175	
Total Administrative	$	153,232	$	17,571	$	9,335	$	126,326	$	153,232	

Maintenance											
Contract Services:
Field Management	
$	
21,561	
$	
-	
$	
-	
$	
21,561	
$	
21,561	
Mitigation Monitoring	$	19,200	$	-	$	-	$	19,200	$	19,200	
Landscape Maintenance (75%/25%)	$	346,924	$	91,380	$	-	$	255,544	$	346,924	
Lake Maintenance	$	11,882	$	-	$	-	$	11,882	$	11,882	
Security Patrol (75%/25%)	$	41,250	$	30,938	$	-	$	10,313	$	41,250	
Repairs & Maintenance
Facility Maintenance (75%/25%)	
$	
35,052	
$	
26,289	
$	
-	
$	
8,763	
$	
35,052	
Repairs & Maintenance (75%/25%)	$	30,000	$	22,500	$	-	$	7,500	$	30,000	
Operating Supplies (75%/25%)	$	8,000	$	6,000	$	-	$	2,000	$	8,000	
Landscape Replacement (75%/25%)	$	25,000	$	18,750	$	-	$	6,250	$	25,000	
Irrigation Repairs	$	10,000	$	-	$	-	$	10,000	$	10,000	
Fountain Maintenance	$	3,000	$	-	$	-	$	3,000	$	3,000	
Pressure Washing (20%/80%)	$	9,000	$	1,800	$	-	$	7,200	$	9,000	
Subtotal Maintenance	$	560,869	$	197,656	$	-	$	363,213	$	560,869	

Description

Proposed FY2026
Budget

Randal Park	Randal Walk	Combined

Proposed FY2026
Total

Utilities
Utilities - Common Area	
$	29,034	
$	-	
$	-	$	29,034	
$	29,034	
Streetlighting	$	110,000	$	-	$	-	$	110,000	$	110,000	
Amenity Center
Amenity Management	
$	106,986	
$  106,986	
$	-	$	-	
$	106,986	
Pool Attendants	$	16,740	$	16,740	$	-	$	-	$	16,740	
Pool Permit	$	615	$	615	$	-	$	-	$	615	
Cable TV/Internet/Telephone	$	4,857	$	4,857	$	-	$	-	$	4,857	
Utilities - Amenity Center	$	28,205	$	28,205	$	-	$	-	$	28,205	
Refuse Service	$	3,168	$	3,168	$	-	$	-	$	3,168	
Amenity Center Access Cards	$	1,000	$	1,000	$	-	$	-	$	1,000	
HVAC Maintenance	$	574	$	574	$	-	$	-	$	574	
Special Events	$	15,000	$	15,000	$	-	$	-	$	15,000	
Holiday Decorations	$	10,000	$	10,000	$	-	$	-	$	10,000	
Security Monitoring	$	2,600	$	2,600	$	-	$	-	$	2,600	
Janitorial Services	$	30,037	$	30,037	$	-	$	-	$	30,037	
Pool Maintenance	$	32,130	$	32,130	$	-	$	-	$	32,130	
Pool Chemicals & Repairs	$	50,000	$	50,000	$	-	$	-	$	50,000	
Fitness Repairs & Maintenance	$	-	$	-	$	-	$	-	$	-	
Amenity Repairs & Maintenance	$	9,500	$	9,500	$	-	$	-	$	9,500	
Pest Control	$	3,500	$	3,500	$	-	$	-	$	3,500	
Other
Property Insurance (70%/30%)	
$	50,000	
$	35,000	
$	-	$	15,000	
$	50,000	
Contingency	$	24,032	$	-	$	-	$	24,032	$	24,032	
Transfer Out - Capital Reserve (70%/30%)	$	25,802	$	18,061	$	-	$	7,741	$	25,802	
Subtotal Maintenance	$	553,779	$ 367,973	$	-	$ 185,807	$	553,779	
					
Total Expenditures	$	1,267,881	$ 583,200	$	9,335  $  675,345	$	1,267,881	
					
Excess Revenue/(Expenditures)	$	-	$	-	$	-	$	-	$	(0)	

Net Assessments	$  549,581	$	8,775	$	593,324	$	1,151,680	
Add: Discounts and Collections (6%)	$	35,080	$	560	$	37,872	$	73,511	
Gross Assesment	$  584,661	$	9,335	$	631,196	$	1,225,191	

Assessable Units	797	107	904	Total

Per Unit Assessments - Phases 1 - 5	$	733.58	$	-	$	698.23	$	1,431.80	
Per Unit Assessments - Randal Walk	$	-	$	87.24	$	698.23	$	785.47	

Randal Park
Community Development District Assessments Schedule - FY2026

Phase 1A and 1B	No. Of Units		Per Unit, O & M		Series 2012		Series 2015		Series 2018		Total	
Single Family 40'	83	$	1,432	$	1,072	$	-	$	-	$	2,504	
Single Family 50'	106	$	1,432	$	1,126	$	-	$	-	$	2,558	
Single Family 60'	50	$	1,432	$	1,179	$	-	$	-	$	2,611	
Townhome	0	$	-	$	-	$	-	$	-	$	-	
Phase 2 & 3	No. Of Units		Per Unit, O & M	Series 2012		Series 2015		Series 2018		Total	
Single Family 40'	27	$	1,432	$	1,072	$	301	$	-	$	2,805	
Single Family 50'	27	$	1,432	$	1,126	$	251	$	-	$	2,809	
Single Family 60'	24	$	1,432	$	1,179	$	202	$	-	$	2,813	
Townhome	83	$	1,432	$	805	$	314	$	-	$	2,550	
Townhome	5	$	1,432	$	-	$	1,117			$	2,549	
Phase 4 & 5	No. Of Units		Per Unit, O & M	Series 2012		Series 2015		Series 2018		Total	
Single Family 40'	33	$	1,432	$	-	$	1,551	$	-	$	2,983	
Single Family 50'	119	$	1,432	$	-	$	1,631	$	-	$	3,062	
Single Family 60'	105	$	1,432	$	-	$	1,705	$	-	$	3,136	
Townhome	135	$	1,432	$	-	$	1,165	$	-	$	2,596	
Randal Walk	No. Of Units		Per Unit, O & M	Series 2012		Series 2015		Series 2018		Total	
Single Family 40'	0	$	-	$	-	$	-	$	-	$	-	
Single Family 50'	0	$	-	$	-	$	-	$	-	$	-	
Single Family 60'	0	$	-	$	-	$	-	$	-	$	-	
Townhome	107	$	785	$	-	$	-	$	1,170	$	1,955	
Total Units 	904