Randal Park
Community Development District

Proposed Budget
FY 2027

Randal Park
Community Development District Table of Contents

1-2

3-10

11

12

13

14

15

16

17

18-19

	General Fund

	General Fund Narrative

	Capital Reserve Fund

	Series 2012 Debt Service Fund

	Series 2012 Amortization Schedule

	Series 2015 Debt Service Fund

	Series 2015 Amortization Schedule

	Series 2018 Debt Service Fund

	Series 2018 Amortization Schedule

	General Fund Assessment Calculation

20		Assessments Schedule

Description	Adopted FY2026
Budget	Actual Thru 4/30/26	Projected Next 5 Months	Projected Thru 9/30/26	Proposed FY2027
Budget	

Revenues						
Special Assessments	$	1,151,680	$	1,084,468	$	67,212	$	1,151,680	$	1,151,680	
Colonial Properties Contribution	$	57,051	$	37,177	$	26,500	$	63,677	$	57,321	
Interest Income	$	1,922	$	15,176	$	3,794	$	18,969	$	1,922	
Miscellaneous Revenue	$	1,000	$	760	$	380	$	1,140	$	1,000	
Activities	$	5,000	$	1,710	$	1,000	$	2,710	$	5,000	
Rentals	$	9,000	$	14,250	$	5,000	$	19,250	$	9,000	
Carry Forward Surplus	$	42,228	$	449,794	$	-	$	449,794	$	46,882	
Total Revenues	$ 1,267,881	$ 1,603,335	$	103,886	$ 1,707,221	$ 1,272,805	

Expenditures						
Administrative
Supervisor Fees	
$	12,000	
$	6,585	
$	5,000	
$	11,585	
$	12,000	
FICA Expense	$	918	$	490	$	383	$	872	$	918	
Annual Audit	$	4,700	$	4,200	$	-	$	4,200	$	4,300	
Trustee Fees	$	13,750	$	14,083	$	-	$	14,083	$	14,083	
Dissemination Agent	$	11,356	$	6,624	$	2,760	$	9,384	$	11,924	
Reamortization	$	-	$	350	$	-	$	350	$	350	
Arbitrage	$	1,800	$	600	$	1,200	$	1,800	$	1,800	
Engineering	$	10,000	$	-	$	4,167	$	4,167	$	10,000	
Attorney	$	20,000	$	5,619	$	8,333	$	13,953	$	20,000	
Assessment Administration	$	5,732	$	5,732	$	-	$	5,732	$	6,019	
Management Fees	$	51,504	$	30,044	$	21,460	$	51,504	$	54,079	
Information Technology	$	2,064	$	1,204	$	860	$	2,064	$	2,167	
Website Maintenance	$	1,376	$	803	$	573	$	1,376	$	1,445	
Telephone	$	100	$	-	$	42	$	42	$	100	
Postage	$	1,000	$	788	$	575	$	1,363	$	1,000	
Insurance	$	10,207	$	8,345	$	-	$	8,345	$	9,179	
Copies	$	1,500	$	95	$	100	$	195	$	1,500	
Legal Advertising	$	2,250	$	-	$	938	$	938	$	2,250	
Other Current Charges	$	1,500	$	198	$	275	$	473	$	1,500	
Office Supplies	$	200	$	7	$	25	$	32	$	200	
Property Appraiser	$	800	$	-	$	-	$	-	$	400	
Property Taxes	$	300	$	423	$	-	$	423	$	600	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	153,232	$	86,365	$	46,690	$	133,055	$	155,989	

Maintenance						
Contract Services:
Field Management	
$	21,561	
$	12,577	
$	8,984	
$	21,561	
$	22,639	
Mitigation Monitoring	$	19,200	$	9,600	$	9,600	$	19,200	$	19,200	
Landscape Maintenance	$	360,000	$	205,580	$	148,809	$	354,389	$	360,000	
Lake Maintenance	$	11,882	$	5,826	$	5,826	$	11,652	$	12,000	
Security Patrol	$	41,250	$	-	$	17,188	$	17,188	$	26,250	
Repairs & Maintenance
Facility Maintenance	
$	43,264	
$	25,237	
$	18,027	
$	43,264	
$	45,427	
Repairs & Maintenance	$	30,000	$	16,683	$	13,317	$	30,000	$	30,000	
Operating Supplies	$	8,000	$	2,156	$	3,333	$	5,490	$	8,000	
Landscape Replacement	$	15,000	$	9,700	$	5,300	$	15,000	$	30,000	
Irrigation Repairs	$	10,000	$	10,848	$	4,167	$	15,015	$	10,000	
Fountain Repairs	$	3,000	$	375	$	2,625	$	3,000	$	3,000	
Pressure Washing	$	9,000	$	9,000	$	-	$	9,000	$	9,000	
Subtotal Maintenance	$	572,157	$	307,584	$	237,175	$	544,759	$	575,516	

Description

Adopted FY2026
Budget

Actual Thru 4/30/26

Projected Next 5 Months

Projected Thru 9/30/26

Proposed FY2027
Budget

Utilities
Utilities - Common Area Streetlighting

$	29,034	$
$	110,000	$

18,825	$
52,028	$

19,800
52,123

$	38,625
$	104,151

$	43,000
$	115,000

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
Pool Chemicals & Repairs Amenity Repairs & Maintenance Pest Control

$	106,986	$
$	16,740	$
$	615	$
$	4,857	$
$	28,205	$
$	3,168	$
$	1,000	$
$	574	$
$	15,000	$
$	10,000	$
$	2,600	$
$	30,037	$
$	32,130	$
$	50,000	$
$	9,500	$
$	3,500	$

62,409	$
6,243	$
-	$
1,680	$
9,744	$
1,481	$
740	$
776	$
18,238	$
9,971	$
1,085	$
19,001	$
18,210	$
8,586	$
10,747	$
414	$

26,747	$
10,497	$
615	$
1,200	$
9,900	$
1,200	$
260	$
$
$
$
775	$
13,750	$
14,196	$
6,500	$
7,750	$
414	$

89,155
16,740
615
2,880
19,644
2,681
1,000
776
18,238
9,971
1,859
32,751
32,406
15,086
18,497
827

$	110,196
$	17,242
$	615
$	3,200
$	21,750
$	3,168
$	1,000
$	1,000
$	15,000
$	10,000
$	2,600
$	35,000
$	33,000
$	41,545
$	9,500
$	3,500

Other
Property Insurance Contingency
Transfer Out - Capital Reserve

$	50,000	$
$	24,032	$
$	14,514	$

38,356
115
14,514

$	-
$	23,917
$	499,721

$	38,356	$
$	24,032	$
$	514,235	$

36,438
24,032
14,514

Excess Revenues/(Expenditures)	$	-	$	916,226	$	(869,344)	$	46,882	$	-

Total Expenditures	$ 1,267,881	$	687,109	$	973,229	$ 1,660,338	$  1,272,805

Subtotal Maintenance	$	542,492	$	293,160	$	689,364	$	982,525	$	541,300

Adopted	Adopted	Adopted	Proposed	Proposed FY27 Budget		Budget		Budget		Budget		Increase/
	FY2024			FY2025			FY2026			FY2027		  (Decrease) 

Net Assessments

$	1,151,680

$	1,151,680

$	1,151,680

$	1,151,680	$	-

Add: Discounts & Collections 6%

 $	73,511	$	73,511 

 $	73,511 

 $	73,511 

 $	-	

Gross Assessments

 $	1,225,191 

 $	1,225,191 

 $	1,225,191 

 $	1,225,191 

 $	-	

Assessable Units	904	904	904	904

Per Unit Assessment - Phases 1 - 5 Per Unit Assessment - Randal Walk

$	1,431.80
$	785.47

$	1,431.80
$	785.47

$	1,431.80
$	785.47

$	1,431.80	$	-
$	785.47	$	-

Notes:

Total Proposed
FY2027 Budget	Shared
Costs	Colonial Properties
Allocation	
$	22,639	$	11,320	$	5,660	
$	360,000	$	89,625	$	44,813	
$	12,000	$	1,474	$	737	
$	10,000	$	2,000	$	1,000	
$	43,000	$	3,052	$	1,526	
$	115,000	$	7,170	$	3,585	
Totals:	$	114,641	$	57,321	

(1 thru 6) is shared costs with Colonial Properties

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.
Interest Income
Represents interest earnings on funds held in the District’s operating account with Truist Bank and invested through the State Board of Administration (SBA).
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

Represents revenue collected from rentals of the District’s clubhouse and amenity facilities for events such as parties, meetings, weddings, and other private functions.

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 compensation.

Annual Audit

Represents costs associated with the annual independent audit of the District’s financial statements and records, as required by Florida Statutes, provided by Grau & Associates, an Independent Certified Public Accounting Firm.

Trustee Fees

Represents costs associated with trustee services for the District’s Series 2012, Series 2015, and Series 2018 Special Assessment Bonds, which are held by Wells Fargo Bank.

Dissemination Agent

Represents costs associated with compliance with Securities and Exchange Commission (SEC) Rule 15c2-12(b)(5), including continuing disclosure and reporting requirements for the District’s bond issuances. These services are provided by Governmental Management Services – Central Florida, LLC.

Reamortization

Represents costs associated with recalculating and restructuring the debt service schedule for the District’s outstanding bonds, provided by Disclosure Services LLC.

Arbitrage

Represents costs associated with calculating the District’s annual arbitrage rebate liability on the Series 2012, Series 2015, and Series 2018 Special Assessment Bonds, provided by Grau & Associates.

Engineering

Represents general engineering services provided by Vanasse Hangen Brustlin, Inc., including attendance and preparation for monthly Board meetings, review of invoices, and support for District operations and projects as directed by the Board of Supervisors and District Manager.

Attorney

Represents general legal services provided by Latham, Luna, Eden & Beaudine, LLP, including attendance and preparation for monthly meetings, preparation and review of agreements and resolutions, and other legal matters as directed by the Board of Supervisors and District Manager.

Assessment Administration

Represents costs associated with the administration, levy, and collection of non-ad valorem assessments on properties within the District, provided by Governmental Management Services – Central Florida, LLC.

Management Fees

Represents costs associated with management, accounting, and administrative services provided under a Management Agreement with Governmental Management Services – Central Florida, LLC, including but not limited to recording and transcription of Board meetings, administrative services, budget preparation, financial reporting, and coordination of the annual audit.

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

Represents costs associated with telephone, fax, and related communication services used to support the District’s administrative and operational activities.

Postage

Represents costs associated with mailing of Board meeting agenda packages, overnight deliveries, and general correspondence for District operations.

Insurance

Represents costs associated with the District’s general liability and public officials’ liability insurance coverage provided by the Florida Insurance Alliance (FIA), which specializes in serving governmental entities.

Copies

Represents costs associated with printing agenda materials for Board meetings, printing of computerized checks, stationery, envelopes, and related supplies.

Legal Advertising

Represents costs associated with publication of legally required notices, including monthly Board meetings, public hearings, and advertisements for publicly bid services such as audit, engineering, and maintenance contracts.

Other Current Charges

Represents bank charges and other miscellaneous expenses incurred during the fiscal year.

Office Supplies

Represents costs associated with office supplies purchased during the fiscal year, including toner cartridges, paper, file folders, binders, pens, paper clips, and other administrative materials used in District operations.

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

Represents the annual special district fee of $175 paid to the Florida Department of Commerce, as required by Florida Statutes, to maintain the District’s active status and compliance with state reporting requirements. This is the only expense under this category for the District.

Maintenance:

Contract Services:

Field Management

Represents the costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake maintenance. Services can include onsite inspections, meetings with contractors, monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails. Governmental Management Services - Central Florida, LLC, provides these services.

Mitigation Monitoring

Represents costs associated with maintaining and monitoring jurisdictional wetlands, wetland buffers, and mitigation areas within the District, totaling approximately 298 acres, based on quarterly service schedules.

Landscape Maintenance

Represents costs associated with landscape maintenance services provided by Prince & Sons, Inc. for the District’s common areas, including mowing, edging, trimming, fertilization, pest control, pruning, irrigation inspections, mulching, weeding, and litter removal.

Description	Monthly	Annually	
Landscape Maintenance	$29,762	$357,142	
Contingency		$2,858	
TOTAL		$360,000	

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	$1,000
Total	$12,000	
	$12,000	

Security Patrol

Represents costs associated with security services provided by the Orlando Police Department, including routine patrols and related services to support safety and security within the District throughout the fiscal year.

Repairs & Maintenance:

Facility Maintenance

Represents costs associated with routine repairs and maintenance of the District’s common areas and amenity facilities, provided by Governmental Management Services – Central Florida, LLC..

Repairs & Maintenance

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

Operating Supplies

Represents estimated cost of supplies purchased for operating and maintaining the clubhouse.

Landscape Replacement

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

Irrigation Repairs

Represents costs associated with maintaining and repairing irrigation infrastructure within the District to ensure proper operation and coverage.

Fountain Repairs

Represents costs associated with maintaining and repairing the floating fountain and related equipment located at the Randal Park Clubhouse.

Pressure Washing

Represents costs associated with pressure washing various areas throughout the District, including the clubhouse, pool deck, curbs, sidewalks, and other common areas.

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

Represents costs associated with operation and maintenance of streetlights within the District, provided by Orlando Utilities Commission.

Amenity Center:

Amenity Management

Represents costs associated with amenity management services provided by Governmental Management Services – Central Florida, LLC, including staffing of the Amenity Center, oversight of maintenance contracts, administration of facility rentals, coordination of special events, and response to resident requests.

Pool Attendants

Represents estimated costs associated with staffing pool attendants during designated times throughout the pool operating season.

Pool Permit

Represents costs associated with pool operating permits required by the Florida Department of Health for the District’s pool facilities.

Cable TV/Internet/Telephone

Represents costs associated with communication and entertainment services for the District’s amenity facilities, including cable television, telephone, and internet services provided by Spectrum.

Description	Monthly	Annually	
Cable TV/Internet/Telephone			
Spectrum	$240	$2,880	
Contingency		$320	
TOTAL		$3,200	

Utilities – Amenity Center

Represents estimated costs associated with electric and reclaimed water utility services for the District’s Amenity Center, provided by Orlando Utilities Commission.

Refuse Service

Represents estimated costs associated with waste collection and trash removal services for the District’s Amenity Center and related facilities, provided by Orlando Utilities Commission.

Description	Monthly	Annually	
Refuse Services	$247
Contingency
TOTAL	$2,962
$206	
	$3,168	

Amenity Center Access Cards

Represents estimated costs associated with providing, operating, and maintaining the District’s amenity access card system.

HVAC Maintenance

Represents costs associated with preventative maintenance, inspections, and servicing of the District’s HVAC equipment to ensure proper operation and efficiency.

Special Events

Represents costs associated with community events and activities coordinated by the Leisure Activities Coordinator, including supplies, event materials, and resident notices.

Holiday Decorations

Represents costs associated with seasonal and holiday decorations for the District’s common areas and amenities, including installation, maintenance, and removal.

Security Monitoring

Represents costs associated with ongoing monitoring and support services for the Amenity Center security system, including Wi-Pak services and related security operations provided by Synergy Florida and Guardian Access Solutions.

Description	Monthly	Annually	
Security Monitoring - Synergy Florida	$35	$419	
Wi-Pak - Guardian Access Solutions, LLC	$120	$1,440	
Contingency		$741	
TOTAL		$2,600	

Janitorial Services

Represents costs associated with professional janitorial and cleaning services for the District’s Amenity Center, including cleaning supplies and restroom mat services provided by B&T Building Services, Inc. and Cintas.

Description	Monthly	Annually	
Janitorial Services - B&T Building Services, Inc	$2,100	$25,200	
Mat Cleanings - Cintas	$709	$8,509	
Janitorial Supplies/Materials		$1,291	
TOTAL		$35,000	

Pool Maintenance

Represents costs associated with pool maintenance and water treatment services for the District’s amenity facilities, provided by Five Star Pro Services LLC, to support proper operation and water quality standards.

Description	Monthly	Annually	
Pool Maintenance			
3x a Week Cleaning (Oct-May , Sep)	$2,340	$18,720	
5x a Week Cleaning (Jun - Aug)	$2,964	$11,856	
Contingency		$2,424	
TOTAL		$33,000	

Pool Chemicals & Repairs

Represents estimated miscellaneous pool maintenance, repair, and chemical costs not included under the service agreements with Five Star Pro Services.

Amenity Repairs & Maintenance

Represents estimated costs associated with routine repairs, maintenance, and upkeep of the District’s Amenity Center to support ongoing operations and appearance.

Pest Control

Represents costs associated with pest control services for the District’s Amenity Center, including monthly treatments, termite control, and animal trapping services provided by Arrow Environmental.

Description	Monthly	Annually	
Pest Control	$69	$827	
Termite Bond		$708	
Animal Trapping/Vulture Effigy		$1,965	
TOTAL		$3,500	

Other:

Property Insurance

Represents costs associated with property insurance coverage for the Amenity Center and related District facilities to protect against potential property losses, provided by Florida Insurance Alliance.

Contingency

Represents funds reserved for unexpected costs and miscellaneous expenses that may arise during the fiscal year and are not budgeted elsewhere.

Transfer Out - Capital Reserve

Represents funds allocated annually for future repair and replacement of the District’s capital assets. The District may obtain a capital reserve study to assist in determining appropriate annual funding levels.

Description	Adopted FY2026
Budget	Actual Thru 4/30/26	Projected Next 5 Months	Projected Thru 9/30/26	Proposed FY2027
Budget	

Revenues						
Transfer In	$	14,514	$	14,514	$	499,721	$	514,235	$	14,514	
Interest	$	9,148	$	9,611	$	2,403	$	12,013	$	6,007	
Carry Forward Surplus	$	407,793	$	407,739	$	-	$	407,739	$	756,487	
Total Revenues	$  431,455	$  431,863	$  502,124	$  933,987	$  777,008	

Expenditures						
Capital Outlay	$	25,000	$	-	$	109,000	$	109,000	$	25,000	
Column Repair	$	-	$	-	$	40,000	$	40,000	$	30,000	
Pool Resurfacing	$	28,500	$	-	$	28,500	$	28,500	$	28,500	
Total Expenditures	$	53,500	$	-	$  177,500	$  177,500	$	83,500	
						
Excess Revenue/(Expenditures)	$  377,955	$  431,863	$  324,624	$  756,487	$  693,508	

Description	Adopted FY2026
Budget	Actual Thru 4/30/26	Projected Next 5 Months	Projected Thru 9/30/26	Proposed FY2027
Budget	

Revenues						
Assessments	$	396,407	$	372,277	$	24,130	$	396,407	$	396,407	
Interest	$	18,042	$	18,768	$	4,692	$	23,460	$	11,730	
Carry Forward Surplus	$	526,818	$	544,551	$	-	$	544,551	$	575,791	
Total Revenues	$  941,267	$  935,597	$	28,822	$  964,419	$  983,928	

Expenditures						
Interest Payment - 11/01	$	134,188	$	133,269	$	-	$	133,269	$	130,359	
Principal Payment - 11/01	$	125,000	$	125,000	$	-	$	125,000	$	135,000	
Interest Payment - 05/01	$	130,359	$	-	$	130,359	$	130,359	$	126,225	
Total Expenditures	$  389,547	$  258,269	$  130,359	$  388,628	$  391,584	
						
Excess Revenue/(Expenditures)	$  551,720	$  677,328	$ (101,537)	$  575,791	$  592,344	

Interest Payment 11/1/27 $	126,225
Principal Payment 11/1/27  $	140,000 
 $	266,225 

Proposed Budget
	FY2027	
Net Assessments	$	396,407

Add: Discounts & Collections 6%
Gross Assessments

 $	25,303 
 $	421,710 

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

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	
									
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 FY2026
Budget

Actual Thru 4/30/26

Projected Next 5 Months

Projected Thru 9/30/26

Proposed FY2027
Budget

Revenues		
Assessments	$	589,600	$	554,975	$	34,626	$	589,600	$	589,600	
Interest	$	25,057	$	26,945	$	6,736	$	33,681	$	16,841	
Carry Forward Surplus	$	738,077	$	759,707	$	-	$	759,707	$	825,343	
Total Revenues	$	1,352,734	$	1,341,627	$	41,362	$	1,382,988	$ 1,431,784	

Expenditures						
Interest Payment - 11/01	$	191,030	$	190,865	$	-	$	190,865	$	186,780	
Principal Payment - 11/01	$	200,000	$	180,000	$	-	$	180,000	$	220,000	
Interest Payment - 05/01	$	186,780	$	-	$	186,780	$	186,780	$	181,280	
Total Expenditures	$	577,810	$	370,865	$  186,780	$	557,645	$  588,060	
						
Excess Revenue/(Expenditures)	$	774,924	$	970,762	$ (145,418)	$	825,343	$  843,724	

Interest Payment 11/1/27  $	181,280
Principal Payment 11/1/27  $	230,000 
 $	411,280 

Proposed Budget
	FY2027	
Net Assessments	$	589,600

Add: Discounts & Collections 6%
Gross Assessments

 $	37,634 
 $	627,234 

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

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	
									
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 FY2026
Budget

Actual Thru 4/30/26

Projected Next 5 Months

Total as of
9/30/26

Proposed FY2027
Budget

Revenues		
Assessments	$	117,674	$	110,811	$	6,863	$	117,674	$	117,674	
Interest	$	2,996	$	3,316	$	829	$	4,145	$	2,073	
Carry Forward Surplus	$	90,195	$	99,028	$	-	$	99,028	$	105,287	
Total Revenues	$  210,865	$  213,156	$	7,692	$  220,847	$  225,034	

Expenditures						
Interest Payment - 11/01	$	40,280	$	40,280	$	-	$	40,280	$	39,493	
Principal Payment - 05/01	$	35,000	$	-	$	35,000	$	35,000	$	35,000	
Interest Payment - 05/01	$	40,280	$	-	$	40,280	$	40,280	$	39,493	
Total Expenditures	$  115,560	$	40,280	$	75,280	$  115,560	$  113,985	
						
Excess Revenue/(Expenditures)	$	95,305	$  172,876	$	(67,588)	$  105,287	$  111,049	

Interest Payment 11/1/27  $	38,705 
 $	38,705 

Proposed Budget
	FY2027	
Net Assessments	$	117,674

Add: Discounts & Collections 6%
Gross Assessments

 $	7,511 
 $	125,185 

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

DATE		BALANCE		PRINCIPAL		INTEREST		TOTAL	
									
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	

Revenues

Special Assessments	$	1,151,680	$	549,581	$	8,775	$	593,324	$	1,151,680	
Colonial Properties Contribution	$	57,321	$	-	$	-	$	57,321	$	57,321	
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	$	46,882	$	(268)	$	750	$	46,401	$	46,882	
Total Revenues	$	1,272,805	$	563,313	$	9,525	$	699,967	$	1,272,805	

Expenditures											
Administrative											
Supervisor Fees	$	12,000	$	-	$	-	$	12,000	$	12,000	
FICA Expense	$	918	$	-	$	-	$	918	$	918	
Annual Audit	$	4,300	$	-	$	-	$	4,300	$	4,300	
Trustee Fees	$	14,083	$	8,800	$	4,950	$	333	$	14,083	
Dissemination Agent	$	11,924	$	7,949	$	3,975	$	-	$	11,924	
Reamortization	$	350	$	-	$	-	$	350	$	350	
Arbitrage	$	1,800	$	1,200	$	600	$	-	$	1,800	
Engineering	$	10,000	$	-	$	-	$	10,000	$	10,000	
Attorney	$	20,000	$	-	$	-	$	20,000	$	20,000	
Assessment Administration	$	6,019	$	-	$	-	$	6,019	$	6,019	
Management Fees	$	54,079	$	-	$	-	$	54,079	$	54,079	
Information Technology	$	2,167	$	-	$	-	$	2,167	$	2,167	
Website Maintance	$	1,445	$	-	$	-	$	1,445	$	1,445	
Telephone	$	100	$	-	$	-	$	100	$	100	
Postage	$	1,000	$	-	$	-	$	1,000	$	1,000	
Insurance	$	9,179	$	-	$	-	$	9,179	$	9,179	
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	$	400	$	-	$	-	$	400	$	400	
Property Taxes	$	600	$	-	$	-	$	600	$	600	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	175	$	175	
Total Administrative	$	155,989	$	17,949	$	9,525	$	128,515	$	155,989	

Maintenance											
Contract Services:
Field Management	
$	
22,639	
$	
-	
$	
-	
$	
22,639	
$	
22,639	
Mitigation Monitoring	$	19,200	$	-	$	-	$	19,200	$	19,200	
Landscape Maintenance (75%/25%)	$	360,000	$	94,824	$	-	$	265,176	$	360,000	
Lake Maintenance	$	12,000	$	-	$	-	$	12,000	$	12,000	
Security Patrol (75%/25%)	$	26,250	$	19,688	$	-	$	6,563	$	26,250	
Repairs & Maintenance
Facility Maintenance (75%/25%)	
$	
45,427	
$	
34,070	
$	
-	
$	
11,357	
$	
45,427	
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%)	$	30,000	$	22,500	$	-	$	7,500	$	30,000	
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	$	575,516	$	201,382	$	-	$	374,134	$	575,516	

Utilities
Utilities - Common Area	
$	43,000	
$	-	
$	-	
$	43,000	
$	43,000	
Streetlighting	$	115,000	$	-	$	-	$	115,000	$	115,000	
Amenity Center
Amenity Management	
$	110,196	
$  110,196	
$	-	
$	-	
$	110,196	
Pool Attendants	$	17,242	$	17,242	$	-	$	-	$	17,242	
Pool Permit	$	615	$	615	$	-	$	-	$	615	
Cable TV/Internet/Telephone	$	3,200	$	3,200	$	-	$	-	$	3,200	
Utilities - Amenity Center	$	21,750	$	21,750	$	-	$	-	$	21,750	
Refuse Service	$	3,168	$	3,168	$	-	$	-	$	3,168	
Amenity Center Access Cards	$	1,000	$	1,000	$	-	$	-	$	1,000	
HVAC Maintenance	$	1,000	$	1,000	$	-	$	-	$	1,000	
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	$	35,000	$	35,000	$	-	$	-	$	35,000	
Pool Maintenance	$	33,000	$	33,000	$	-	$	-	$	33,000	
Pool Chemicals & Repairs	$	41,545	$	41,545	$	-	$	-	$	41,545	
Amenity Repairs & Maintenance	$	9,500	$	9,500	$	-	$	-	$	9,500	
Pest Control	$	3,500	$	3,500	$	-	$	-	$	3,500	
Other
Property Insurance (70%/30%)	
$	36,438	
$	25,507	
$	-	
$	10,931	
$	36,438	
Contingency	$	24,032	$	-	$	-	$	24,032	$	24,032	
Transfer Out - Capital Reserve (70%/30%)	$	14,514	$	10,160	$	-	$	4,354	$	14,514	
Subtotal Maintenance	$	541,300	$ 343,982	$	-	$ 197,318	$	541,300	
						
Total Expenditures	$	1,272,805	$ 563,313	$	9,525	$ 699,967	$	1,272,805	
						
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 - FY2027

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