Lucerne Park
Community Development District Agenda
August 17, 2023

Agenda

Lucerne Park
Community Development District

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

August 10, 2023

Board of Supervisors Lucerne Park
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of Lucerne Park Community Development District will be held Thursday, August 17, 2023 at 9:00 AM at the Holiday Inn—Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.

Those members of the public wishing to attend the meeting can do so using the information below:

Zoom Video Link: https://us06web.zoom.us/j/88935397192
Call-In Information: 1-646-876-9923
Meeting ID: 889 3539 7192

Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Approval of Minutes of the July 20, 2023 Board of Supervisors Meeting
Public Hearing
Consideration of Resolution 2023-07 Adopting the District’s Fiscal Year Budget and Appropriating Funds
Consideration of Resolution 2023-08 Imposing Special Assessments and Certifying an Assessment Roll
Staff Reports
Attorney
Engineer
Field Manager’s Report
Consideration of GMS Proposal for Solar Lights Around Playground and Parking Lot
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Presentation of Series 2019 Arbitrage Rebate Report
Other Business
Supervisors Requests and Audience Comments
Adjournment

Minutes

MINUTES OF MEETING LUCERNE PARK
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Lucerne Park Community Development District was held on Thursday, July 20, 2023 at 8:30 a.m. at the Holiday Inn – Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida and by Zoom Webinar.

Present and constituting a quorum:

Bobbie Henley	Chairperson
Jessica Kowalski	Vice Chair
Emily Cassidy	Assistant Secretary
Kristin Cassidy	Assistant Secretary
Justin Brock	Assistant Secretary

Also present were:

Tricia Adams	District Manager, GMS
Meredith Hammock	District Counsel, KVW Law
Maddie Flint	KVW Law
Chace Arrington by Zoom	District Engineer, Dewberry
Marshall Tindall	Field Services, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 8:30 a.m. There were five Board members present constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Adams reviewed the guidelines for the public comment period. Ms. Adams stated there were no members of the public present at this time, and the public comment period was closed. Ms. Adams noted to the Board members that a closed security session had been scheduled to start at approximately 8:30 a.m. and had been advertised as part of the Board meeting in accordance with statutory notice requirements. At this time, the Board conducted a closed session in

accordance with statutory requirements. At the conclusion of the closed session, Ms. Adams noted that members of the public were now attending the public Board meeting via Zoom. The Board re- opened the public comment period; however, no members of the public indicated an interest to make a comment and the public comment period was closed.

THIRD ORDER OF BUSINESS	Approval of Minutes of the June 15, 2023
Board of Supervisors Meeting
Ms. Adams presented the June 15, 2023 Board of Supervisors meeting minutes and asked if there were any comments or corrections to those minutes. She noted the minutes had been previously reviewed by District counsel and District management.

On MOTION by Ms. Kowalski, seconded by Ms. Henley, with all in favor, the Minutes of the June 15, 2023 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Presentation of Fiscal Year 2022 Financial
Audit
Ms. Adams stated as a Florida Community Development District, the District is required to undergo an independent audit each fiscal year. The District’s fiscal year runs from October 1st through September 30th each year. This audit report is for Fiscal Year 2022, which ended September 30, 2022. She noted the audit is required to be filed with the State of Florida by June 30th each year. She stated there are no deficiencies in internal controls for the District, no instances of noncompliance with government accounting standards, the CDD has complied with all requirements of the Auditor General and no findings for the current year nor for the previous fiscal year. She stated this is a clean audit.

On MOTION by Ms. Kowalski, seconded by Ms. Henley, with all in favor, the Fiscal Year 2022 Financial Audit, was approved.

FIFTH ORDER OF BUSINESS	Staff Reports
Attorney
Presentation of Memo Regarding Ethics Training for Special District Supervisors
Ms. Hammock reviewed the memorandum and discussed the new statutory requirement for ethics training that will be required for Supervisors starting January 1, 2024. She noted that Supervisors will be required to complete four hours of ethics training each calendar year. She discussed various options and opportunities for Supervisors to complete the required ethics training, and noted that the Florida Commission on Ethics has provided links to approved courses on their Ethics Training webpage.

Engineer
Review and Acceptance of Annual Engineers Report
Ms. Adams noted that, in accordance with the requirements of the Trust Indenture, the District Engineer conducts an annual inspection of the District’s infrastructure and issues a report to the Board summarizing the findings of the inspection and including recommendations for action items, if any. Mr. Arrington reviewed the report and findings, noting that the District Engineer will continue to monitor observed conditions and coordinate with the Field Manager, as needed.
Ms. Adams stated some of the maintenance items noted in the report have already been addressed. She asked if the Supervisors had any questions for Mr. Arrington. The Board asked if the landscaper is not maintaining the vegetation in certain tracts identified in the report in accordance with contract requirements. Mr. Arrington stated they do, and Ms. Adams confirmed the vegetation maintenance is part of the current scope and is monitored.

On MOTION by Ms. Kowalski, seconded by Ms. Henley, with all in favor, Accepting the Annual Engineers Report, was approved.

Field Managers Report
Mr. Tindall reviewed the Field Management Report with the Board and provided status updates of work that District staff and vendors had performed since the previous Board meeting and ongoing work. He also noted that the city repaired the erosion at the entrance of the community where washout was occurring.

District Manager’s Report
Approval of Check Register
Ms. Adams noted the summary of the check register from May 1 through July 6, 2023, total amount is $59,845.88. She noted following the check register is a detailed run summary. She asked for any questions.

On MOTION by Ms. Kowalski seconded by Ms. Henley, with all in favor, the Check Register totaling $59,845.88, was approved.

Balance Sheet and Income Statement
Ms. Adams noted the District’s unaudited financial report is provided for informational purposes, and there were no questions from the Board regarding the unaudited financial report for the period ending May 31, 2023.

Review of Fiscal Year 2024 Meeting Schedule
Ms. Adams presented the proposed meeting schedule for Fiscal Year 2024. She noted the proposed meeting time will be 9:30 a.m. on the third Thursday of the month.

On MOTION by Ms. Henley seconded by Ms. Kowalski, with all in favor, the Fiscal Year 2024 Meeting Schedule, was approved.

SIXTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

SEVENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
Ms. Adams stated members of the public were present; however, no one indicating an interest in speaking.

EIGHTH ORDER OF BUSINESS	Adjournment

On MOTION by Ms. Henley, seconded by Ms. Kowalski, with all in favor, the meeting was adjourned.

 	
Secretary / Assistant Secretary	Chairman / Vice Chairman

Section IV

Section A

RESOLUTION 2023-07

THE ANNUAL APPROPRIATION RESOLUTION OF THE LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT (“DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGETS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2023, AND ENDING SEPTEMBER 30, 2024; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2023, submitted to the Board of Supervisors (“Board”) of the Lucerne Park Community Development District (“District”) proposed budgets (“Proposed Budget”) for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”) along with an explanatory and complete financial plan for each fund of the District, pursuant to the provisions of Section 190.008(2)(a), Florida Statutes; and

WHEREAS, at least sixty (60) days prior to the adoption of the Proposed Budget, the District filed a copy of the Proposed Budget with the local governing authorities having jurisdiction over the area included in the District pursuant to the provisions of Section 190.008(2)(b), Florida Statutes; and

WHEREAS, the Board set a public hearing thereon and caused notice of such public hearing to be given by publication pursuant to Section 190.008(2)(a), Florida Statutes; and

WHEREAS, the District Manager posted the Proposed Budget on the District’s website at least two days before the public hearing; and

WHEREAS, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1st of each year, the Board, by passage of the Annual Appropriation Resolution, shall adopt a budget for the ensuing fiscal year and appropriate such sums of money as the Board deems necessary to defray all expenditures of the District during the ensuing fiscal year; and

WHEREAS, the District Manager has prepared a Proposed Budget, whereby the budget shall project the cash receipts and disbursements anticipated during a given time period, including reserves for contingencies for emergency or other unanticipated expenditures during the fiscal year.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BUDGET

The Board has reviewed the Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Local Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.

The Proposed Budget, attached hereto as Exhibit A, as amended by the Board, is hereby adopted in accordance with the provisions of Section 190.008(2)(a), Florida Statutes (“Adopted Budget”), and incorporated herein by reference; provided, however, that the comparative figures contained in the Adopted Budget may be subsequently revised as deemed necessary by the District Manager to reflect actual revenues and expenditures.

The Adopted Budget, as amended, shall be maintained in the office of the District Manager and at the District’s Local Records Office and identified as “The Budget for the Lucerne Park Community Development District for the Fiscal Year Ending September 30, 2024.”

The Adopted Budget shall be posted by the District Manager on the District’s official website within thirty (30) days after adoption, and shall remain on the website for at least 2 years.

SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2023/2024, the sum of $	to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND – SERIES 2019	$	

CAPITAL RESERVE FUND	$	

TOTAL ALL FUNDS	$	

SECTION 3. BUDGET AMENDMENTS

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2023/2024 or within 60 days following the end of the Fiscal Year 2023/2024 may amend its Adopted Budget for that fiscal year as follows:

A line-item appropriation for expenditures within a fund may be decreased or increased by motion of the Board recorded in the minutes, and approving the expenditure, if the total appropriations of the fund do not increase.

The District Manager or Treasurer may approve an expenditure that would increase or decrease a line-item appropriation for expenditures within a fund if the total appropriations of the fund do not increase and if either (i) the aggregate change in the original appropriation item does not exceed the greater of $15,000 or 15% of

the original appropriation, or (ii) such expenditure is authorized by separate disbursement or spending resolution.

Any other budget amendments shall be adopted by resolution and consistent with Florida law.

The District Manager or Treasurer must ensure that any amendments to the budget under paragraph c. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 	DAY OF 	, 2023.

ATTEST:	LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its:	

Lucerne Park
Community Development District

Proposed Budget
FY 2024

Table of Contents

1-2

3-7

8

9-10

General Fund

General Fund Narrative

Series 2019 Debt Service Fund

Series 2019 Amortization Schedule

11	Capital Reserve Fund

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024	

Revenues						
Assessments	$	446,207	$	447,915	$	-	$	447,915	$	446,207	
Total Revenues	$	446,207	$	447,915	$	-	$	447,915	$	446,207	

Expenditures						
Administrative
Supervisor Fees	

$	12,000	

$	2,800	

$	2,800	

$	5,600	

$	12,000	
Engineering	$	20,000	$	4,453	$	4,500	$	8,953	$	20,000	
Attorney	$	25,000	$	8,227	$	3,000	$	11,227	$	25,000	
Annual Audit	$	4,700	$	1,200	$	3,500	$	4,700	$	4,800	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,000	
Arbitrage	$	450	$	-	$	450	$	450	$	450	
Dissemination	$	5,000	$	3,750	$	1,250	$	5,000	$	5,000	
Trustee Fees	$	3,550	$	4,337	$	-	$	4,337	$	4,337	
Management Fees	$	37,853	$	28,390	$	9,463	$	37,853	$	40,124	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,800	
Website Administration	$	1,200	$	900	$	300	$	1,200	$	1,200	
Postage & Delivery	$	450	$	804	$	52	$	856	$	900	
Insurance	$	6,684	$	5,988	$	-	$	5,988	$	6,586	
Copies	$	500	$	20	$	35	$	55	$	500	
Legal Advertising	$	3,000	$	2,127	$	873	$	3,000	$	3,000	
Contingency	$	1,000	$	320	$	180	$	500	$	1,000	
Office Supplies	$	350	$	26	$	55	$	81	$	350	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	128,712	$	69,867	$	26,909	$	96,776	$	132,222	

Operations & Maintenance
Field Services
Property Insurance	

$	10,098	

$	10,125	

$	-	

$	10,125	

$	13,886	
Field Management	$	15,000	$	11,250	$	3,750	$	15,000	$	15,900	
Landscape Maintenance	$	40,805	$	30,644	$	10,201	$	40,845	$	45,800	
Landscape Replacement	$	15,000	$	-	$	7,500	$	7,500	$	15,000	
Streetlights	$	30,000	$	25,298	$	8,777	$	34,076	$	38,473	
Electric	$	5,000	$	625	$	255	$	880	$	5,000	
Water & Sewer	$	10,000	$	721	$	900	$	1,621	$	3,500	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,250	$	1,250	$	2,500	
Irrigation Repairs	$	7,500	$	708	$	1,875	$	2,583	$	7,500	
General Repairs & Maintenance	$	10,000	$	2,230	$	2,500	$	4,730	$	10,000	
Contingency	$	7,500	$	350	$	1,875	$	2,225	$	7,500	
Subtotal Field Expenditures	$	153,403	$	81,952	$	38,883	$	120,835	$	165,059	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024	
Amenity Expenditures						
Amenity - Electric	$	8,000	$	3,162	$	1,350	$	4,512	$	6,000	
Amenity - Water	$	10,000	$	3,941	$	1,650	$	5,591	$	6,000	
Playground Lease	$	19,512	$	14,634	$	4,878	$	19,512	$	19,512	
Internet	$	2,000	$	1,312	$	470	$	1,782	$	2,000	
Pest Control	$	480	$	320	$	160	$	480	$	600	
Janitorial Service	$	5,600	$	5,040	$	2,280	$	7,320	$	15,300	
Security Services	$	34,000	$	17,554	$	9,000	$	26,554	$	32,000	
Pool Maintenance	$	12,000	$	13,750	$	4,500	$	18,250	$	19,800	
Amenity Repairs & Maintenance	$	10,000	$	18,254	$	-	$	18,254	$	10,000	
Amenity Access Management	$	5,000	$	3,750	$	1,250	$	5,000	$	5,250	
Contingency	$	7,500	$	280	$	3,750	$	4,030	$	8,500	
Subtotal Amenity Expenditures	$	114,092	$	81,998	$	29,288	$	111,285	$	124,962	
						
Total Operations & Maintenance	$	267,495	$	163,950	$	68,171	$	232,121	$	290,022	

Other Expenditures						
Capital Reserves	$	50,000	$	-	$	70,000	$	70,000	$	23,963	
Total Other Expenditures	$	50,000	$	-	$	70,000	$	70,000	$	23,963	
						
Total Expenditures	$	446,207	$	233,817	$	165,080	$	398,897	$	446,207	
						
Excess  Revenues/(Expenditures)	$	0	$	214,099	$	(165,080)	$	49,019	$	0	

Net Assessments	
$446,207	
Add: Discounts & Collections 7%		$33,585 	
Gross Assessments		$479,792 	
Assessable Units	346	
Per Unit Gross Assessment		$1,386.69 	

REVENUES:

Assessments

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

EXPENDITURES:

Administrative:

Supervisor Fees

Chapter 190, Florida Statutes, allows for each Board member to receive $200 per meeting, not to exceed $4,800 per year paid to each Supervisor for the time devoted to District business and meetings.

Engineering

The District's engineer provides general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and various projects as directed by the Board of Supervisors and the District Manager.

Attorney

The District's legal counsel provides general legal services to the District, e.g. attendance and preparation for meetings, preparation and review of agreements, resolutions, etc. as directed by the Board of Supervisors and the District Manager.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records on an annual basis.

Assessment Administration

The District will contract to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2019 bonds.

Dissemination

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. This cost is based upon the Series 2019 bond series.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ Series 2019 bonds.

Management Fees

The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-Central Florida, LLC. The services include but are not limited to, recording and transcription of board meetings, administrative services, budget preparation, all financial reports, annual audits, etc.

Information Technology

Represents various cost of information technology 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. Governmental Management Services-Central Florida, LLC provides this service.

Website Maintenance

Represents 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. Governmental Management Services-Central Florida, LLC provides this service.

Postage & Delivery

The District incurs charges for mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Insurance

The District’s general liability and public official’s liability insurance coverages.

Copies

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

Legal Advertising

The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Contingency

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

Office Supplies

Any supplies that may need to be purchased during the fiscal year, e.g., paper, minute books, file folders, labels, paper clips, etc.

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Services

Property Insurance

The District’s property insurance coverages.

Field Management

The District has contracted with Governmental Management Services – Central Florida, LLC to provide onsite field management of contracts for the District such as landscape 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.

Landscape Maintenance

The District has a contract with Prince & Sons, Inc. to maintain the landscaping located within the District. These services include monthly landscape maintenance such as mowing of turf areas, pruning and trimming, plant bed weed control, fertilization and irrigation inspections.

Landscape Replacement

Represents the estimated cost of replacing landscaping within the common areas of the District.

Streetlights

Represents the cost to maintain street lights within the District Boundaries that are expected to be in place throughout the fiscal year.

Electric

Represents current and estimated electric charges of common areas throughout the District.

Water & Sewer

Represents current and estimated costs for water and refuse services provided for common areas throughout the District.

Sidewalk & Asphalt Maintenance

Represents the estimated costs of maintaining the sidewalks and asphalt throughout the District’s Boundary.

Irrigation Repairs

Represents the cost of maintaining and repairing the irrigation system. This includes the sprinklers, and irrigation wells.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any field category.

Amenity Expenditures

Amenity - Electric

Represents estimated electric charges for the District’s amenity facilities.

Amenity – Water

Represents estimated water charges for the District’s amenity facilities.

Playground Lease

Represents the cost of the District leasing playground equipment for the fiscal year.

Internet

Internet service will be added for use at the Amenity Center.

Pest Control

The District will incur costs for pest control treatments to its amenity facilities.

Janitorial Services

Represents costs to provide janitorial services and supplies for the District’s amenity facilities.

Security Services

Represents the cost of contracting a monthly security service for the District’s amenity facilities.

Pool Maintenance

Represents the costs of regular cleaning and treatments of the District’s pool.

Amenity Repairs & Maintenance

Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Amenity Access Management

Represents the cost of managing the monitoring access to the District’s amenity facilities.

Contingency

Represents funds allocated to expenses that the District could incur throughout the fiscal year that do not fit into any amenity category.

Other Expenditures:
Capital Reserves

Funds collected and reserved for the replacement of and/or purchase of new capital improvements throughout the District.

Lucerne Park
Community Development District
Debt Service Fund Series 2019

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2023	6/30/23	3 Months	9/30/23	FY2024	

Revenues						
Assessments	$	419,524	$	421,128	$	-	$	421,128	$	419,524	
Interest Income	$	-	$	12,091	$	3,023	$	15,114	$	-	
Carry Forward Surplus *	$	184,632	$	177,543	$	-	$	177,543	$	194,881	
Total Revenues	$	604,156	$	610,762	$	3,023	$	613,785	$	614,405	

Expenses						
Interest - 11/1	$	149,452	$	149,452	$	-	$	149,452	$	147,172	
Principal - 5/1	$	120,000	$	120,000	$	-	$	120,000	$	125,000	
Interest - 5/1	$	149,452	$	149,452	$	-	$	149,452	$	147,172	
Total Expenditures	$	418,904	$	418,904	$	-	$	418,904	$	419,344	
						
Excess Revenues/(Expenditures)	$	185,252	$	191,858	$	3,023	$	194,881	$	195,061	

* Carryforward Less Reserve Requirement				
Interest - 11/1/2024	
	$144,797 	
				Total		$144,797 	

Product Type	
Assessable Units	Total Net Assessments	Per Unit Net Assessment	Per Unit Gross Assessment	
Phase 1 - Phase 3	346	$419,524	$1,212	$1,304	
	346	$419,524			

Date	Balance	Prinicpal	Interest	Total

11/01/23	$	6,385,000.00	$	-	$	147,171.88	$	416,623.75	
05/01/24	$	6,385,000.00	$	125,000.00	$	147,171.88		
11/01/24	$	6,260,000.00	$	-	$	144,796.88	$	416,968.75	
05/01/25	$	6,260,000.00	$	130,000.00	$	144,796.88		
11/01/25	$	6,130,000.00	$	-	$	142,196.88	$	416,993.75	
05/01/26	$	6,130,000.00	$	135,000.00	$	142,196.88		
11/01/26	$	5,995,000.00	$	-	$	139,496.88	$	416,693.75	
05/01/27	$	5,995,000.00	$	140,000.00	$	139,496.88		
11/01/27	$	5,855,000.00	$	-	$	136,696.88	$	416,193.75	
05/01/28	$	5,855,000.00	$	145,000.00	$	136,696.88		
11/01/28	$	5,710,000.00	$	-	$	133,796.88	$	415,493.75	
05/01/29	$	5,710,000.00	$	155,000.00	$	133,796.88		
11/01/29	$	5,555,000.00	$	-	$	130,696.88	$	419,493.75	
05/01/30	$	5,555,000.00	$	160,000.00	$	130,696.88		
11/01/30	$	5,395,000.00	$	-	$	126,996.88	$	417,693.75	
05/01/31	$	5,395,000.00	$	165,000.00	$	126,996.88		
11/01/31	$	5,230,000.00	$	-	$	123,181.25	$	415,178.13	
05/01/32	$	5,230,000.00	$	175,000.00	$	123,181.25		
11/01/32	$	5,055,000.00	$	-	$	119,134.38	$	417,315.63	
05/01/33	$	5,055,000.00	$	185,000.00	$	119,134.38		
11/01/33	$	4,870,000.00	$	-	$	114,856.25	$	418,990.63	
05/01/34	$	4,870,000.00	$	190,000.00	$	114,856.25		
11/01/34	$	4,680,000.00	$	-	$	110,462.50	$	415,318.75	
05/01/35	$	4,680,000.00	$	200,000.00	$	110,462.50		
11/01/35	$	4,480,000.00	$	-	$	105,837.50	$	416,300.00	
05/01/36	$	4,480,000.00	$	210,000.00	$	105,837.50		
11/01/36	$	4,270,000.00	$	-	$	100,981.25	$	416,818.75	
05/01/37	$	4,270,000.00	$	220,000.00	$	100,981.25		
11/01/37	$	4,050,000.00	$	-	$	95,893.75	$	416,875.00	
05/01/38	$	4,050,000.00	$	230,000.00	$	95,893.75		
11/01/38	$	3,820,000.00	$	-	$	90,575.00	$	416,468.75	
05/01/39	$	3,820,000.00	$	240,000.00	$	90,575.00		
11/01/39	$	3,580,000.00	$	-	$	85,025.00	$	415,600.00	
05/01/40	$	3,580,000.00	$	255,000.00	$	85,025.00		
11/01/40	$	3,325,000.00	$	-	$	78,968.75	$	418,993.75	
05/01/41	$	3,325,000.00	$	265,000.00	$	78,968.75		
11/01/41	$	3,060,000.00	$	-	$	72,675.00	$	416,643.75	
05/01/42	$	3,060,000.00	$	280,000.00	$	72,675.00		
11/01/42	$	2,780,000.00	$	-	$	66,025.00	$	418,700.00	
05/01/43	$	2,780,000.00	$	295,000.00	$	66,025.00		
11/01/43	$	2,485,000.00	$	-	$	59,018.75	$	420,043.75	
05/01/44	$	2,485,000.00	$	305,000.00	$	59,018.75		
11/01/44	$	2,180,000.00	$	-	$	51,775.00	$	415,793.75	
05/01/45	$	2,180,000.00	$	320,000.00	$	51,775.00		

Date	Balance	Prinicpal	Interest	Total

11/01/45	$	1,860,000.00	$	-	$	44,175.00	$	415,950.00	
05/01/46	$	1,860,000.00	$	335,000.00	$	44,175.00		
11/01/46	$	1,525,000.00	$	-	$	36,218.75	$	415,393.75	
05/01/47	$	1,525,000.00	$	355,000.00	$	36,218.75		
11/01/47	$	1,170,000.00	$	-	$	27,787.50	$	419,006.25	
05/01/48	$	1,170,000.00	$	370,000.00	$	27,787.50		
11/01/48	$	800,000.00	$	-	$	19,000.00	$	416,787.50	
05/01/49	$	800,000.00	$	390,000.00	$	19,000.00		
11/01/49	$	410,000.00	$	-	$	9,737.50	$	418,737.50	
05/01/50	$	410,000.00	$	410,000.00	$	9,737.50	$	419,737.50	

$

6,505,000.00	$

5,782,260.63	$

12,512,260.63

Lucerne Park
Community Development District
Capital Reserve Fund

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
	Description	FY2023	6/30/23	3 Months	9/30/23	FY2024	

Revenues

Carry Forward Surplus	

$	10,000	

$	-	$	-	

$	-	

$	70,000	
Total Revenues	$	10,000	$	-	$	-	$	-	$	70,000	

Expenses

Capital Outlay	

$	-	

$	-	$	-	

$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources

Transfer In (Out)	

$	50,000	

$	-	$	70,000	

$	70,000	

$	23,963	
Total Other Financing Sources/(Uses)	$	50,000	$	-	$	70,000	$	70,000	$	23,963	
					
Excess Revenues/(Expenditures)	$	60,000	$	-	$	70,000	$	70,000	$	93,963	

Section B

RESOLUTION 2023-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT MAKING A DETERMINATION OF BENEFIT AND IMPOSING SPECIAL ASSESSMENTS FOR FISCAL YEAR 2023/2024; PROVIDING FOR THE COLLECTION AND ENFORCEMENT OF SPECIAL ASSESSMENTS; CERTIFYING AN ASSESSMENT ROLL; PROVIDING FOR AMENDMENTS TO THE ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Lucerne Park Community Development District (“District”) is a local unit of special-purpose government established pursuant to Chapter 190, Florida Statutes, for the purpose of providing, operating and maintaining infrastructure improvements, facilities and services to the lands within the District; and

WHEREAS, the District is located in Polk County, Florida (“County”); and

WHEREAS, the District has constructed or acquired various infrastructure improvements and provides certain services in accordance with the District’s adopted capital improvement plan and Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors (“Board”) of the District hereby determines to undertake various operations and maintenance and other activities described in the District’s budget (“Adopted Budget”) for the fiscal year beginning October 1, 2023 and ending September 30, 2024 (“Fiscal Year 2023/2024”), attached hereto as Exhibit A and incorporated by reference herein; and

WHEREAS, the District must obtain sufficient funds to provide for the operation and maintenance of the services and facilities provided by the District as described in the Adopted Budget; and

WHEREAS, the provision of such services, facilities, and operations is a benefit to lands within the District; and

WHEREAS, Chapter 190, Florida Statutes, provides that the District may impose special assessments on benefitted lands within the District; and

WHEREAS, it is in the best interests of the District to proceed with the imposition of the special assessments for operations and maintenance in the amount set forth in the Adopted Budget; and

WHEREAS, the District has previously levied an assessment for debt service, which the District desires to collect for Fiscal Year 2023/2024; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Lucerne Park Community Development District (“Assessment Roll”) attached to this Resolution as Exhibit B and incorporated as a material part of this Resolution by this reference, and to certify the Assessment Roll to the County Tax Collector pursuant to the Uniform Method; and

WHEREAS, it is in the best interests of the District to permit the District Manager to amend the Assessment Roll, certified to the County Tax Collector by this Resolution, as the Property Appraiser updates the property roll for the County, for such time as authorized by Florida law.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that the provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands, as shown in Exhibits A and B, is hereby found to be fair and reasonable.

SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits A and B. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits A and B. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.

SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as
Exhibit B, is hereby certified to the County Tax Collector and shall be collected by the County

Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

SECTION 5. Assessment Roll Amendment. The District Manager shall keep apprised of all updates made to the County property roll by the Property Appraiser after the date of this Resolution, and shall amend the Assessment Roll in accordance with any such updates, for such time as authorized by Florida law, to the County property roll. After any amendment of the Assessment Roll, the District Manager shall file the updates in the District records.

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.

SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED THIS 	DAY OF 	, 2023.

ATTEST:	LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By: 	 Its: 		

Exhibit A:	Budget
Exhibit B:	Assessment Roll

Lucerne Park CDD
FY 24 Roll

PARCEL ID	Units	FY 24 O&M	2019 Debt	Total Assessment	
262802522103000010	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000020	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000030	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000040	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000050	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000060	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000070	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000080	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000090	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000100	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000110	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000120	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000130	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000140	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000150	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000160	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000170	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000180	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000190	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000200	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000210	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000220	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000230	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000240	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000250	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000260	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000270	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000280	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000290	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000300	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000310	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000320	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000330	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000340	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000350	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000360	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000370	1	$1,386.69	$1,303.76	$2,690.45	

262802522103000380	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000390	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000400	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000410	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000420	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000430	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000440	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000450	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000460	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000470	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000480	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000490	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000500	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000510	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000520	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000530	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000540	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000550	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000560	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000570	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000580	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000590	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000600	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000610	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000620	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000630	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000640	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000650	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000660	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000670	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000680	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000690	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000700	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000710	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000720	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000730	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000740	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000750	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000760	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000770	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000780	1	$1,386.69	$1,303.76	$2,690.45	

262802522103000790	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000800	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000810	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000820	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000830	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000840	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000850	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000860	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000870	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000880	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000890	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000900	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000910	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000920	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000930	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000940	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000950	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000960	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000970	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000980	1	$1,386.69	$1,303.76	$2,690.45	
262802522103000990	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001000	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001010	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001020	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001030	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001040	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001050	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001060	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001070	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001080	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001090	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001100	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001110	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001120	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001130	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001140	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001150	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001160	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001170	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001180	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001190	1	$1,386.69	$1,303.76	$2,690.45	

262802522103001200	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001210	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001220	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001230	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001240	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001250	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001260	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001270	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001280	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001290	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001300	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001310	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001320	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001330	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001340	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001350	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001360	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001370	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001380	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001390	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001400	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001410	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001420	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001430	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001440	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001450	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001460	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001470	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001480	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001490	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001500	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001510	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001520	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001530	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001540	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001550	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001560	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001570	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001580	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001590	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001600	1	$1,386.69	$1,303.76	$2,690.45	

262802522103001610	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001620	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001630	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001640	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001650	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001660	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001670	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001680	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001690	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001700	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001710	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001720	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001730	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001740	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001750	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001760	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001770	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001780	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001790	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001800	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001810	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001820	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001830	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001840	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001850	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001860	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001870	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001880	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001890	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001900	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001910	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001920	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001930	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001940	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001950	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001960	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001970	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001980	1	$1,386.69	$1,303.76	$2,690.45	
262802522103001990	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002000	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002010	1	$1,386.69	$1,303.76	$2,690.45	

262802522103002020	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002030	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002040	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002050	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002060	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002070	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002080	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002090	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002100	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002110	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002120	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002130	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002140	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002150	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002160	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002170	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002180	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002190	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002200	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002210	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002220	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002230	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002240	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002250	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002260	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002270	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002280	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002290	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002300	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002310	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002320	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002330	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002340	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002350	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002360	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002370	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002380	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002390	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002400	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002410	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002420	1	$1,386.69	$1,303.76	$2,690.45	

262802522103002430	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002440	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002450	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002460	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002470	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002480	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002490	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002500	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002510	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002520	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002530	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002540	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002550	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002560	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002570	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002580	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002590	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002600	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002610	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002620	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002630	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002640	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002650	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002660	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002670	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002680	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002690	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002700	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002710	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002720	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002730	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002740	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002750	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002760	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002770	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002780	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002790	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002800	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002810	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002820	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002830	1	$1,386.69	$1,303.76	$2,690.45	

262802522103002840	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002850	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002860	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002870	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002880	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002890	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002900	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002910	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002920	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002930	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002940	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002950	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002960	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002970	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002980	1	$1,386.69	$1,303.76	$2,690.45	
262802522103002990	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003000	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003010	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003020	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003030	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003040	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003050	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003060	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003070	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003080	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003090	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003100	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003110	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003120	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003130	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003140	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003150	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003160	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003170	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003180	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003190	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003200	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003210	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003220	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003230	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003240	1	$1,386.69	$1,303.76	$2,690.45	

262802522103003250	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003260	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003270	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003280	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003290	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003300	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003310	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003320	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003330	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003340	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003350	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003360	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003370	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003380	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003390	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003400	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003410	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003420	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003430	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003440	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003450	1	$1,386.69	$1,303.76	$2,690.45	
262802522103003460	1	$1,386.69	$1,303.76	$2,690.45	
Gross Assessments	346	$479,794.74	$451,100.96	$930,895.70	
					
Net Assessments		$446,209.11	$419,523.89	$865,733.00	

Section V

Lucerne Park CDD
Field Management Report

August 17th, 2023 Marshall Tindall
Field Services Manager
GMS

Amenity Review

Pool facilities have been well maintained.
Monthly playground review was completed.
No issues found. Minor repairs done to restroom stall dividers and door locks.
Assessing chair lift repairs.

Landscaping

Landscapers have kept district areas clean and well kept per scope.
One slope was missed but has been addressed.
Mitered ends and overflows have been detailed.

In Progress

Site Items

Approved drain repair is being coordinated with vendor.
Touch up work is being done based on Engineer’s reported items.
Most of these had already been completed.

Conclusion

For any questions or comments regarding the above information, please contact me by phone at
(407) 346-2453, or by email at mtindall@gmscfl.com. Thank you.

Respectfully, Marshall Tindall

Section 1

	Governmental Management Services	
Maintenance
Services	

Proposal #294

Bill To/District: Lucerne Park CDD	Prepared By:
Governmental Management Services, LLC 219 E. Livingston Street
Orlando, FL 32801	
Job name and Description	
Security Lighting

-	Proposal is Quantity (x6) Solar lights, aluminum posts, hardware, and installation.	

Qty	Description	Unit Price	Line Total	
	Labor & Mobilization		$1,520.00	
	Mobilizations		$130.00	
	Equipment		$60.00	
	Materials		$1,695.00	
Total Due:	$3,405.00	

Govermental Management Services 2023 I Work Authorization Form

Sample Layout Shown –

Final Placement Will be Determined Ba

GOVERNMENTAL MANAGEMENT SERVICES 2023| Work Authorization

Section D

Section 1

Lucerne Park Community Development District

Summary of Check Register

July 7, 2023 through July 31, 2023

Fund	Date	Check No.'s	Amount

General Fund

7/10/23	471-474	$
7/18/23	475-476	$
7/25/23	477-484	$

7,603.39
7,866.69
7,378.35

Total Amount	$	22,848.43

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/10/23	PAGE	1
*** CHECK DATES 07/07/2023 - 07/31/2023 ***	LUCERNE PARK - GENERAL
BANK A LUCERNE PARK CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/10/23 00030	6/28/23 10110	202306 330-57200-46700	*	760.00
CLEANING SVCS JUN23
CLEAN STAR SERVICES OF CENTRAL FL	760.00 000471
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/10/23 00027	7/01/23 19763	202307 330-57200-46300	*	1,500.00

	RESORT POOL SERVICES	DBA															1,500.00	000472	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
7/10/23 00022	6/23/23 6963773	202306 310-51300-32300									*						1,239.13			
	TRUSTEE	FEES FY23																		
	6/23/23 6963773	202306 300-15500-10000									*						2,478.25			
	TRUSTEE	FEES FY24																		
		U.S. BANK																3,717.38	000473	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - - - - - -	- -	-	-	-	-	-	-	-	- -	-	-	-	-	-	- - - - -	- - - - -	- - -	
7/10/23 00032	7/07/23 07072023	202307 300-15500-10000									*						1,626.01			
EQUIPMENT LEASE AUG23
WHFS, LLC	1,626.01 000474
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	

POOL MAINTENANCE JUL23

7/18/23 00007	7/01/23 180	202307 310-51300-34000	*	3,154.42
MANAGEMENT FEES JUL23
7/01/23 180	202307 310-51300-35200	*	100.00
WEBSITE ADMIN JUL23
7/01/23 180	202307 310-51300-35100	*	150.00
INFORMATION TECH JUL23
7/01/23 180	202307 310-51300-31300	*	416.67
DISSEMINATION SVCS JUL23
7/01/23 180	202307 330-57200-12000	*	416.67
AMENITY ACCESS JUL23
7/01/23 180	202307 310-51300-51000	*	.60
OFFICE SUPPLIES JUL23
7/01/23 180	202307 310-51300-42000	*	12.00
POSTAGE JUL23
7/01/23 180	202307 310-51300-42500	*	3.45
COPIES JUL23
7/01/23 181	202307 320-53800-12000	*	1,250.00
FIELD MANAGEMENT JUL23
GOVERNMENTAL MANAGEMENT SERVICES	5,503.81 000475
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/18/23 00046	6/30/23 11342412 202306 330-57200-34500	*	2,362.88
SECURITY SVCS JUN23
SECURITAS SECURITY	2,362.88 000476
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/23 00020	7/20/22 6171-07- 202307 310-51300-31400	*	450.00
SPEC ASSESS BONDS S2019
AMTEC	450.00 000477
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LUCP LUC PARK CDD	ZYAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	8/10/23	PAGE	2
*** CHECK DATES 07/07/2023 - 07/31/2023 ***	LUCERNE PARK - GENERAL
BANK A LUCERNE PARK CDD
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/25/23 00039	7/20/23 BH072020 202307 310-51300-11000	*	200.00
SUPERVISOR FEES 07/20/23
BOBBIE HENLEY	200.00 000478
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/23 00042	7/26/23 2308664	202306 310-51300-31100	*	165.00
GENERAL ENGINEERING JUN23
DEWBERRY ENGINEERS INC.	165.00 000479
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/23 00047	7/20/23 EC072020 202307 310-51300-11000	*	200.00
SUPERVISOR FEES 07/20/23
EMILY J. CASSIDY	200.00 000480
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/23 00049	7/20/23 JK072020 202307 310-51300-11000	*	200.00
SUPERVISOR FEES 07/20/23
JESSICA KOWALSKI	200.00 000481
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/23 00034	7/16/23 6980	202306 310-51300-31500	*	1,633.83
GENERAL COUNSEL JUN23
KILINSKI / VAN WYK, PLLC	1,633.83 000482
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/23 00050	7/20/23 KC072020 202307 310-51300-11000	*	200.00
SUPERVISOR FEES JUL23
KRISTIN CASSIDY	200.00 000483
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/23 00019	7/05/23 9326	202307 320-53800-46201	*	2,062.00
FLAX LILY-FILL INS
7/05/23 9327	202307 320-53800-46201	*	2,117.50
MULCH FOR FRONT/AMENITY
7/10/23 9332	202307 320-53800-46100	*	150.02
REPLACED CLOGGED NOZZLES
PRINCE & SONS INC.	4,329.52 000484
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	22,848.43
TOTAL FOR REGISTER	22,848.43

LUCP LUC PARK CDD	ZYAN

Section 2

Lucerne Park
Community Development District

Unaudited Financial Reporting
June 30, 2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2019	

5	
	Capital Projects Fund Series 2019	

6	
	Capital Reserve Fund	

7-8	
	Month to Month	

9	
	Long Term Debt Report	

10	
	Assessment Receipt Schedule	

Combined Balance Sheet June 30, 2023

General
Fund

Debt Service
Fund

Capital Projects
Fund

Totals
Governmental Funds

Assets:
Cash:
Operating Account	

$	399,935	

$	

-	

$	172	

$	400,107	
Investments:						
Series 2019 Reserve	
$	-	$	210,022	$	
-	$	210,022	
Revenue	$	-	$	187,278	$	-	$	187,278	
Prepayment	$	-	$	1,968	$	-	$	1,968	
Construction	$	-	$	-	$	0	$	0	
Due from General Fund	$	-	$	2,613	$	-	$	2,613	
Prepaid Expenses	$	4,104	$	-	$	-	$	4,104	
Total Assets	$	404,039	$	401,880	$	172	$	806,092	

Liabilities:
Accounts Payable	

$	16,532	

$	

-	$	

-	$	16,532	
Due to Debt Service	$	2,613	$	-	$	-	$	2,613	
Total Liabilites	$	19,145	$	-	$	-	$	19,145	

Fund Balance:
Nonspendable:
Deposits and Prepaid Items	

$	4,104	

$	

-	$	

-	$	4,104	
Restricted for:
Debt Service 2019	
$	
-	$	401,880	$	-	$	401,880	
Capital Projects - Series 2019	$	-	$	-	$	172	$	172	
Unassigned	$	380,790	$	-	$	-	$	380,790	
Total Fund Balances	$	384,894	$	401,880	$	172	$	786,947	
					
Total Liabilities & Fund Balance	$	404,039	$	401,880	$	172	$	806,092	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Revenues:					
Assessments	$	446,207	$	446,207	$	447,915	$	1,708	
Total Revenues	$	446,207	$	446,207	$	447,915	$	1,708	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	9,000	$	2,800	$	6,200	
Engineering	$	20,000	$	15,000	$	4,453	$	10,548	
Attorney	$	25,000	$	18,750	$	8,227	$	10,523	
Annual Audit	$	4,700	$	1,200	$	1,200	$	-	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,000	$	3,750	$	3,750	$	(0)	
Trustee Fees	$	3,550	$	3,550	$	4,337	$	(787)	
Management Fees	$	37,853	$	28,389	$	28,390	$	(0)	
Information Technology	$	1,800	$	1,350	$	1,350	$	-	
Website Administration	$	1,200	$	900	$	900	$	-	
Postage & Delivery	$	450	$	338	$	804	$	(467)	
Insurance	$	6,684	$	6,684	$	5,988	$	696	
Copies	$	500	$	375	$	20	$	355	
Legal Advertising	$	3,000	$	2,250	$	2,127	$	123	
Other Current Charges	$	1,000	$	750	$	320	$	430	
Office Supplies	$	350	$	263	$	26	$	236	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Subtotal General & Administrative	$	128,712	$	97,723	$	69,867	$	27,856	

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Operations & Maintenance					
Field Services
Property Insurance	
$	10,098	
$	10,098	
$	10,125	
$	(27)	
Field Management	$	15,000	$	11,250	$	11,250	$	-	
Landscape Maintenance	$	40,805	$	30,604	$	30,644	$	(40)	
Landscape Replacement	$	15,000	$	11,250	$	-	$	11,250	
Streetlights	$	30,000	$	22,500	$	25,298	$	(2,798)	
Electric	$	5,000	$	3,750	$	625	$	3,125	
Water & Sewer	$	10,000	$	7,500	$	721	$	6,779	
Sidewalk & Asphalt Maintenance	$	2,500	$	1,875	$	-	$	1,875	
Irrigation Repairs	$	7,500	$	5,625	$	708	$	4,917	
General Repairs & Maintenance	$	10,000	$	7,500	$	2,230	$	5,270	
Contingency	$	7,500	$	5,625	$	350	$	5,275	
Subtotal Field Expenditures	$	153,403	$	117,577	$	81,952	$	35,625	

Amenity Expenditures
Amenity - Electric	

$	8,000	

$	6,000	

$	3,162	

$	2,838	
Amenity - Water	$	10,000	$	7,500	$	3,941	$	3,559	
Playground Lease	$	19,512	$	14,634	$	14,634	$	0	
Internet	$	2,000	$	1,500	$	1,312	$	188	
Pest Control	$	480	$	360	$	320	$	40	
Janitorial Service	$	5,600	$	4,200	$	5,040	$	(840)	
Security Services	$	34,000	$	25,500	$	17,554	$	7,946	
Pool Maintenance	$	12,000	$	9,000	$	13,750	$	(4,750)	
Amenity Repairs & Maintenance	$	10,000	$	7,500	$	18,254	$	(10,754)	
Pool Permit	$	-	$	280	$	280	$	-	
Amenity Access Management	$	5,000	$	3,750	$	3,750	$	(0)	
Contingency	$	7,500	$	5,625	$	-	$	5,625	
Subtotal Amenity Expenditures	$	114,092	$	85,849	$	81,998	$	3,851	
					
Total Expenditures	$	396,207	$	301,149	$	233,817	$	67,332	
					
Excess (Deficiency) of Revenues over Expenditures	$	50,000		$	214,099		

Other Financing Sources/(Uses):					
Transfer In/(Out) - Capital Reserves	$	(50,000)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(50,000)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	0		$	214,099		
					
Fund Balance - Beginning	$	-		$	170,795		
					
Fund Balance - Ending	$	0		$	384,894		

Debt Service Fund Series 2019
Statement of Revenues, Expenditures, and Changes in Fund Balance
For The Period Ending June 30, 2023

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/23	Thru 06/30/23	Variance	

Revenues:					
Assessments	$	419,524	$	419,524	$	421,128	$	1,604	
Interest	$	-	$	-	$	12,091	$	12,091	
Total Revenues	$	419,524	$	419,524	$	433,219	$	13,695	

Expenditures:					
Interest - 11/1	$	149,452	$	149,452	$	149,452	$	-	
Principal - 5/1	$	120,000	$	120,000	$	120,000	$	-	
Interest - 5/1	$	149,452	$	149,452	$	149,452	$	-	
Total Expenditures	$	418,904	$	418,904	$	418,904	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	620		$	14,315		
					
Fund Balance - Beginning	$	184,632		$	387,565		
					
Fund Balance - Ending	$	185,252		$	401,880		

Revenues

Interest	

$	

-	$	

-	$	-	

$	-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:

Contingency	

$	

-	$	

-	$	342	

$	(342)	
Total Expenditures	$	-	$	-	$	342	$	(342)	
					
Excess (Deficiency) of Revenues over Expenditures	$	-	$	(342)		
					
Fund Balance - Beginning	$	-	$	514		
					
Fund Balance - Ending	$	-	$	172		

Revenues

Interest	

$	-	

$	

-	$	

-	$	

-	
Total Revenues	$	-	$	-	$	-	$	-	

Expenditures:

Capital Outlay	

$	-	

$	

-	$	

-	$	

-	
Total Expenditures	$	-	$	-	$	-	$	-	
						
Excess (Deficiency) of Revenues over Expenditures	$	-		$	-		

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	50,000	

$	

-	$	

-	$	

-	
Total Other Financing Sources (Uses)	$	50,000	$	-	$	-	$	-	
						
Net Change in Fund Balance	$	50,000		$	-		
						
Fund Balance - Beginning	$	10,000		$	-		
						
Fund Balance - Ending	$	60,000		$	-		

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

Revenues:														
Assessments	$	-  $	11,770  $	420,515	$	2,636	$	2,664  $	1,345  $	2,718	$	3,489  $	2,779	$	-	$	-	$	-  $	447,915	
Total Revenues	$	-	$	11,770	$	420,515	$	2,636	$	2,664  $	1,345	$	2,718	$	3,489  $	2,779	$	-	$	-	$	-	$  447,915	

Expenditures:								
General & Administrative:								
Supervisor Fees	$	600  $	-	$	-	$	600	$	-  $	-	$	-	$	800  $	800	$	-  $	-  $	-  $	2,800	
Engineering	$	255  $	-	$	-	$	400	$	-  $	840	$	-	$	1,855  $	1,103	$	-  $	-  $	-  $	4,453	
Attorney	$	1,214  $	184	$	228	$	1,589	$	127  $	742	$	135	$	2,375  $	1,634	$	-  $	-  $	-  $	8,227	
Annual Audit	$	-  $	-	$	-	$	-	$	-  $	-	$	-	$	-  $	1,200	$	-  $	-  $	-  $	1,200	
Assessment Administration	$	5,000  $	-	$	-	$	-	$	-  $	-	$	-	$	-  $	-	$	-  $	-  $	-  $	5,000	
Arbitrage	$	-  $	-	$	-	$	-	$	-  $	-	$	-	$	-  $	-	$	-  $	-  $	-  $	-	
Dissemination	$	417  $	417	$	417	$	417	$	417  $	417	$	417	$	417  $	417	$	-  $	-  $	-  $	3,750	
Trustee Fees	$	3,098  $	-	$	-	$	-	$	-  $	-	$	-	$	-  $	1,239	$	-  $	-  $	-  $	4,337	
Management Fees	$	3,154  $	3,154	$	3,154	$	3,154	$	3,154  $	3,154	$	3,154	$	3,154  $	3,154	$	-  $	-  $	-  $	28,390	
Information Technology	$	150  $	150	$	150	$	150	$	150  $	150	$	150	$	150  $	150	$	-  $	-  $	-  $	1,350	
Website Administration	$	100  $	100	$	100	$	100	$	100  $	100	$	100	$	100  $	100	$	-  $	-  $	-  $	900	
Postage & Delivery	$	541  $	2	$	26	$	142	$	52  $	14	$	10	$	5  $	13	$	-  $	-  $	-  $	804	
Insurance	$	5,988  $	-	$	-	$	-	$	-  $	-	$	-	$	-  $	-	$	-  $	-  $	-  $	5,988	
Copies	$	-  $	-	$	-	$	-	$	-  $	4	$	-	$	-  $	17	$	-  $	-  $	-  $	20	
Legal Advertising	$	455  $	1,044	$	-	$	-	$	-  $	-	$	627	$	-  $	-	$	-  $	-  $	-  $	2,127	
Other Current Charges	$	39  $	38	$	44	$	109	$	39  $	39	$	60	$	(87)  $	40	$	-  $	-  $	-  $	320	
Office Supplies	$	0  $	0	$	0	$	0	$	1  $	23	$	0	$	0  $	1	$	-  $	-  $	-  $	26	
Dues, Licenses & Subscriptions	$	175  $	-	$	-	$	-	$	-  $	-	$	-	$	-  $	-	$	-  $	-  $	-  $	175	
Subtotal General & Administrative	$	21,186  $	5,089	$	4,119	$	6,661	$	4,039  $	5,482	$	4,654	$	8,770  $	9,866	$	-  $	-  $	-  $	69,867	

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

Operations & Maintenance

Field Services Property Insurance Field Management
Landscape Maintenance Landscape Replacement Streetlights
Electric
Water & Sewer
Sidewalk & Asphalt Maintenance Irrigation Repairs
General Repairs & Maintenance Contingency

$	9,257  $
$	1,250  $
$	3,400  $
$	-  $
$	2,676  $
$	74  $
$	128  $
$	-  $
$	-  $
$	115  $
$	-  $

-  $
1,250  $
3,400  $
-  $
2,676  $
65  $
66  $
-  $
-  $
-  $
-  $

-  $
1,250  $
3,400  $
-  $
2,676  $
66  $
66  $
-  $
42  $
-  $
-  $

-  $
1,250  $
3,400  $
-  $
2,676  $
66  $
82  $
-  $
486  $
826  $
-  $

-  $
1,250  $
3,400  $
-  $
2,915  $
80  $
80  $
-  $
-  $
54  $
175  $

-  $
1,250  $
3,400  $
-  $
2,915  $
67  $
82  $
-  $
-  $
-  $
175  $

-  $
1,250  $
3,440  $
-  $
2,915  $
71  $
76  $
-  $
101  $
1,235  $
-  $

-  $
1,250  $
3,400  $
-  $
2,926  $
69  $
64  $
-  $
80  $
-  $
-  $

868  $
1,250  $
3,400  $
-  $
2,926  $
67  $
76  $
-  $
-  $
-  $
-  $

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

-  $	10,125
-  $	11,250
-  $	30,644
-  $	-
-  $	25,298
-  $	625
-  $	721
-  $	-
-  $	708
-  $	2,230
-  $	350

Subtotal Field Expenditures	$	16,900  $	7,457  $	7,500  $	8,786  $	7,955  $	7,889  $	9,088  $	7,790  $	8,587  $	-  $	-  $	-  $	81,952

Amenity Expenditures Amenity - Electric Amenity - Water Playground Lease
Internet Pest Control
Janitorial Service Security Services Pool Maintenance
Amenity Repairs & Maintenance Pool Permit
Amenity Access Management Contingency

$	347  $
$	553  $
$	1,626  $
$	141  $
$	40  $
$	400  $
$	-  $
$	1,750  $
$	1,410  $
$	-  $
$	417  $
$	-  $

293  $
239  $
1,626  $
141  $
40  $
400  $
-  $
1,500  $
913  $
-  $
417  $
-  $

310  $
422  $
1,626  $
141  $
40  $
400  $
1,907  $
1,500  $
-  $
-  $
417  $
-  $

307  $
431  $
1,626  $
141  $
40  $
400  $
2,619  $
1,500  $
826  $
-  $
417  $
-  $

429  $
142  $
1,626  $
141  $
40  $
400  $
2,363  $
1,500  $
-  $
-  $
417  $
-  $

352  $
148  $
1,626  $
151  $
40  $
760  $
2,363  $
1,500  $
8,759  $
-  $
417  $
-  $

367  $
1,001  $
1,626  $
151  $
40  $
720  $
3,234  $
1,500  $
6,346  $
-  $
417  $
-  $

387  $
648  $
1,626  $
151  $
40  $
800  $
2,704  $
1,500  $
-  $
280  $
417  $
-  $

371  $
357  $
1,626  $
157  $
-  $
760  $
2,363  $
1,500  $
-  $
-  $
417  $
-  $

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

-  $	3,162
-  $	3,941
-  $	14,634
-  $	1,312
-  $	320
-  $	5,040
-  $	17,554
-  $	13,750
-  $	18,254
-  $	280
-  $	3,750
-  $	-

Other Financing Sources/Uses:

Transfer In/(Out) - Capital Reserves

$

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-

Net Change in Fund Balance	$	(44,769)  $	(6,343)  $	402,133  $	(21,118)  $	(16,387)  $	(28,142)  $	(26,426)  $	(21,624)  $	(23,224)  $	-  $	-  $	-  $  214,099

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

Excess Revenues (Expenditures)	$	(44,769)  $	(6,343)  $	402,133  $	(21,118)  $	(16,387)  $	(28,142)  $	(26,426)  $	(21,624)  $	(23,224)  $	-  $	-  $	-  $  214,099

Total Expenditures	$	44,769  $	18,113  $	18,381  $	23,754  $	19,051  $	29,487  $	29,144  $	25,113  $	26,003  $	-  $	-  $	-  $  233,817

Subtotal Amenity Expenditures	$	6,684  $	5,567  $	6,762  $	8,307  $	7,057  $	16,116  $	15,402  $	8,553  $	7,550  $	-  $	-  $	-  $	81,998

Lucerne Park
Community Development District Long Term Debt Summary

SERIES 2019, SPECIAL ASSESSMENT REVENUE BONDS	
INTEREST RATES:	3.80%, 4.00%, 4.625%, 4.75%	
MATURITY DATE:	5/1/2050	
RESERVE FUND DEFINITION	50% of MAXIMUM ANNUAL DEBT SERVICE	
RESERVE FUND REQUIREMENT	$210,022	
RESERVE FUND BALANCE	$210,022	
BONDS OUTSTANDING - 05/16/2019	$7,025,000	
LESS: SPECIAL CALL - 8/01/20	($250,000)	
LESS: SPECIAL CALL - 11/01/20	($35,000)	
LESS: SPECIAL CALL - 02/01/21	($10,000)	
LESS: PRINCIPAL PAYMENT - 05/01/21	($110,000)	
LESS: PRINCIPAL PAYMENT - 05/01/22	($115,000)	
LESS: PRINCIPAL PAYMENT - 05/01/23	($120,000)	
CURRENT BONDS OUTSTANDING	$6,385,000	

Lucerne Park

Gross Assessments	$  479,794.74	$	451,100.96	$	930,895.70	
Net Assessments	$  446,209.11	$	419,523.89	$	865,733.00	
	51.54%	48.46%	100.00%	

Community Development District Special Assessment Receipts Fiscal Year 2023

ON ROLL ASSESSMENTS

Date	
Distribution	
Gross Amount	
Commissions	
Discount/Penalty	
Interest	
Net Receipts	
O&M Portion	Series 2019 Debt Service	
Total	

11/16/22	
10/01/22-10/31/22	
$5,380.90	
($103.31)	
($215.23)	
$0.00	
$5,062.36	
$2,609.20	
$2,453.16	
$5,062.36	
11/21/22	11/01/22-11/06/22	$2,690.45	($51.66)	($107.62)	$0.00	$2,531.17	$1,304.60	$1,226.57	$2,531.17	
11/25/22	10/01/21-09/30/22	$55.49	$0.00	$0.00	$0.00	$55.49	$28.60	$26.89	$55.49	
11/25/22	11/07/22-11/13/22	$16,142.70	($309.94)	($645.67)	$0.00	$15,187.09	$7,827.61	$7,359.48	$15,187.09	
12/12/22	11/14/22-11/23/22	$48,428.10	($929.82)	($1,937.07)	$0.00	$45,561.21	$23,482.79	$22,078.42	$45,561.21	
12/21/22	11/24/22-11/30/22	$774,849.60	($14,877.11)	($30,994.03)	$0.00	$728,978.46	$375,724.19	$353,254.27	$728,978.46	
12/23/22	12/01/22-12/15/22	$53,809.00	($1,033.67)	($2,125.34)	$0.00	$50,649.99	$26,105.61	$24,544.38	$50,649.99	
12/31/22	1% Fee Adj	($9,308.96)	$0.00	$0.00	$0.00	($9,308.96)	($4,797.95)	($4,511.01)	($9,308.96)	
01/13/23	12/16/22-12/31/22	$5,380.90	($104.39)	($161.42)	$0.00	$5,115.09	$2,636.38	$2,478.71	$5,115.09	
02/16/23	01/01/23-01/31/23	$7,963.90	($105.47)	($2,690.63)	$0.00	$5,167.80	$2,663.55	$2,504.25	$5,167.80	
03/17/23	2/1/23-2/28/23	$2,690.45	($53.27)	($26.90)	$0.00	$2,610.28	$1,345.37	$1,264.91	$2,610.28	
04/11/23	3/1/23-3/31/23	$5,380.90	($107.62)	$0.00	$0.00	$5,273.28	$2,717.91	$2,555.37	$5,273.28	
05/11/23	3/1/23-3/31/24	$5,380.90	($107.62)	$0.00	$0.00	$5,273.28	$2,717.91	$2,555.37	$5,273.28	
05/24/23	Interest	$0.00	$0.00	$0.00	$1,495.18	$1,495.18	$770.63	$724.55	$1,495.18	
06/29/23	6/1/23-6/30/24	$5,501.97	($110.04)	$0.00	$0.00	$5,391.93	$2,779.06	$2,612.87	$5,391.93	
	TOTAL	$	924,346.30	$	(17,893.92)	$	(38,903.91)	$	1,495.18	$	869,043.65	$  447,915.46	$	421,128.19	$	869,043.65	

100%	Net Percent Collected
0	Balance Remaining to Collect

Section 3

REBATE REPORT
$7,025,000
Lucerne Park Community Development District
(City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019

Dated: May 24, 2019
Delivered: May 24, 2019

Rebate Report to the Computation Date May 24, 2024
Reflecting Activity To May 31, 2023

TABLE OF CONTENTS

AMTEC Opinion	3
Summary of Rebate Computations	4
Summary of Computational Information and Definitions	5
Methodology	7
Sources and Uses	8
Proof of Arbitrage Yield	9
Bond Debt Service Schedule	11
Arbitrage Rebate Calculation Detail Report – Acquisition & Construction Account	13
Arbitrage Rebate Calculation Detail Report – Reserve Account	16
Arbitrage Rebate Calculation Detail Report – Interest Account	18
Arbitrage Rebate Calculation Detail Report – Cost of Issuance Account	19
Arbitrage Rebate Calculation Detail Report – Rebate Computation Credits	20

July 20, 2023

Lucerne Park Community Development District c/o Ms. Katie Costa
Director of Operations – Accounting Division Government Management Services – CF, LLC 6200 Lee Vista Boulevard, Suite 300
Orlando, FL 32822

Re:	$7,025,000 Lucerne Park Community Development District (City of Winter Haven, Florida), Special Assessment Bonds, Series 2019

Dear Ms. Costa:

AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Lucerne Park Community Development District (the “District”)

The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

Our engagement was limited to the computation of Rebatable Arbitrage based upon the information furnished to us by the District. In accordance with the terms of our engagement, we did not audit the information provided to us, and we express no opinion as to the completeness, accuracy or suitability of such information for purposes of calculating the Rebatable Arbitrage.

We have scheduled our next Report as of May 24, 2024, the Computation Date. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo Senior Vice President

Trong M. Tran Assistant Vice President

SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the May 24, 2024 Computation Date
Reflecting Activity from May 24, 2019 through May 31, 2023

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Account	1.715063%	34,090.36	(72,985.19)	
Reserve Account	0.912586%	11,871.08	(56,823.26)	
Interest Account	1.454984%	3,063.39	(8,351.47)	
Cost of Issuance Account	1.836318%	5.07	(9.77)	
Totals	1.404669%	$49,029.90	$(138,169.69)	
Bond Yield	4.695610%		
Rebate Computation Credits	(8,226.10)	
Net Rebatable Arbitrage	$(146,395.79)	

Based upon our computations, no rebate liability exists.

SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from May 24, 2019, the date of the closing, to May 31, 2023, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of May 24, 2024.

Computations of yield are based on a 360-day year and semiannual compounding on the last day of each compounding interval. Compounding intervals end on a day in the calendar year corresponding to Bond maturity dates or six months prior.

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.

Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.

During the period between May 24, 2019 and May 31, 2023, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, the “Debt Service Fund”) that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
May 24, 2024.

Computation Period
The period beginning on May 24, 2019, the date of the closing, and ending on May 31, 2023.

Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

Bond Yield
The discount rate that, when used in computing the present value of all the unconditionally payable payments of principal and interest with respect to the Bonds, produces an amount equal to the present value of the issue price of the Bonds. Present value is computed as of the date of issue of the Bonds.

Taxable Investment Yield
The discount rate that, when used in computing the present value of all receipts of principal and interest to be received on an investment during the Computation Period, produces an amount equal to the fair market value of the investment at the time it became a nonpurpose investment.

Issue Price
The price determined on the basis of the initial offering price at which price a substantial amount of the Bonds was sold.

Rebatable Arbitrage
The Code defines the required rebate as the excess of the amount earned on all nonpurpose investments over the amount that would have been earned if such nonpurpose investments were invested at the Bond Yield, plus any income attributable to the excess. Accordingly, the Regulations require that this amount be computed as the excess of the future value of all the nonpurpose receipts over the future value of all the nonpurpose payments. The future value is computed as of the Computation Date using the Bond Yield.

Funds and Accounts
The Funds and Accounts activity used in the compilation of this Report was received from the District and US Bank, Trustee, as follows:

Accounts	Account Number	
Revenue	217591000	
Interest	217591001	
Sinking	217591002	
Reserve	217591003	
Prepayment	217591004	
Acquisition & Construction	217591005	
Cost of Issuance	217591006	

METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of May 31, 2023, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to May 24, 2024. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on May 24, 2024, is the Rebatable Arbitrage.

$7,025,000
Lucerne Park Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019 Delivered: May 24, 2019

Sources of Funds

Par Amount	$7,025,000.00	
Original Issue Discount	-33,025.30	
Total	$6,991,974.70	

Uses of Funds

Acquisition & Construction Account	$5,914,177.69	
Debt Service Reserve Account	438,071.88	
Interest Account	300,428.48	
Cost of Issuance Account	198,796.65	
Underwriter’s Discount	140,500.00	
Total	$6,991,974.70	

PROOF OF ARBITRAGE YIELD
$7,025,000
Lucerne Park Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019

Date	

Debt Service	Present Value to 05/24/2019
@ 4.6956097544%	
11/01/2019	139,962.23	137,157.68	
05/01/2020	160,466.25	153,643.59	
11/01/2020	160,466.25	150,119.09	
05/01/2021	275,466.25	251,792.09	
11/01/2021	158,281.25	141,359.38	
05/01/2022	278,281.25	242,829.01	
11/01/2022	156,001.25	133,004.45	
05/01/2023	281,001.25	234,081.88	
11/01/2023	153,626.25	125,039.28	
05/01/2024	283,626.25	225,553.16	
11/01/2024	151,156.25	117,449.20	
05/01/2025	286,156.25	217,244.43	
11/01/2025	148,456.25	110,119.79	
05/01/2026	288,456.25	209,058.73	
11/01/2026	145,656.25	103,142.81	
05/01/2027	290,656.25	201,099.49	
11/01/2027	142,756.25	96,504.57	
05/01/2028	297,756.25	196,668.64	
11/01/2028	139,656.25	90,127.24	
05/01/2029	299,656.25	188,947.22	
11/01/2029	136,456.25	84,068.26	
05/01/2030	301,456.25	181,461.46	
11/01/2030	132,640.63	78,011.41	
05/01/2031	307,640.63	176,785.53	
11/01/2031	128,593.75	72,201.19	
05/01/2032	313,593.75	172,033.64	
11/01/2032	124,315.63	66,633.58	
05/01/2033	314,315.63	164,609.49	
11/01/2033	119,921.88	61,363.31	
05/01/2034	319,921.88	159,946.88	
11/01/2034	115,296.88	56,321.07	
05/01/2035	325,296.88	155,258.24	
11/01/2035	110,440.63	51,502.12	
05/01/2036	330,440.63	150,560.54	
11/01/2036	105,353.13	46,901.49	
05/01/2037	335,353.13	145,869.00	
11/01/2037	100,034.38	42,513.94	
05/01/2038	340,034.38	141,197.31	
11/01/2038	94,484.38	38,334.08	
05/01/2039	349,484.38	138,539.71	
11/01/2039	88,587.50	34,311.56	
05/01/2040	353,587.50	133,809.32	
11/01/2040	82,293.75	30,428.31	
05/01/2041	362,293.75	130,886.01	
11/01/2041	75,643.75	26,700.96	
05/01/2042	365,643.75	126,105.34	
11/01/2042	68,756.25	23,169.09	
05/01/2043	373,756.25	123,057.11	
11/01/2043	61,512.50	19,788.05	
05/01/2044	381,512.50	119,914.02	
11/01/2044	53,912.50	16,556.64	
05/01/2045	388,912.50	116,696.01	
11/01/2045	45,956.25	13,473.18	
05/01/2046	395,956.25	113,421.21	
11/01/2046	37,643.75	10,535.65	
05/01/2047	407,643.75	111,473.28	
11/01/2047	28,856.25	7,709.95	
05/01/2048	413,856.25	108,039.47	

PROOF OF ARBITRAGE YIELD
$7,025,000
Lucerne Park Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019
Present Value to 05/24/2019
Date	Debt Service  @ 4.6956097544%

11/01/2048	19,712.50	5,028.01
05/01/2049	424,712.50	105,845.14
11/01/2049	10,093.75	2,457.82
05/01/2050	435,093.75	103,514.61

13,518,553.56	6,991,974.70

Proceeds Summary

Delivery date	05/24/2019	
Par Value	7,025,000.00	
Premium (Discount)	-33,025.30	
Target for yield calculation	6,991,974.70	

BOND DEBT SERVICE
$7,025,000
Lucerne Park Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
05/24/2019						
11/01/2019			139,962.23	139,962.23		
05/01/2020			160,466.25	160,466.25	300,428.48	
11/01/2020			160,466.25	160,466.25		
05/01/2021	115,000	3.800%	160,466.25	275,466.25	435,932.50	
11/01/2021			158,281.25	158,281.25		
05/01/2022	120,000	3.800%	158,281.25	278,281.25	436,562.50	
11/01/2022			156,001.25	156,001.25		
05/01/2023	125,000	3.800%	156,001.25	281,001.25	437,002.50	
11/01/2023			153,626.25	153,626.25		
05/01/2024	130,000	3.800%	153,626.25	283,626.25	437,252.50	
11/01/2024			151,156.25	151,156.25		
05/01/2025	135,000	4.000%	151,156.25	286,156.25	437,312.50	
11/01/2025			148,456.25	148,456.25		
05/01/2026	140,000	4.000%	148,456.25	288,456.25	436,912.50	
11/01/2026			145,656.25	145,656.25		
05/01/2027	145,000	4.000%	145,656.25	290,656.25	436,312.50	
11/01/2027			142,756.25	142,756.25		
05/01/2028	155,000	4.000%	142,756.25	297,756.25	440,512.50	
11/01/2028			139,656.25	139,656.25		
05/01/2029	160,000	4.000%	139,656.25	299,656.25	439,312.50	
11/01/2029			136,456.25	136,456.25		
05/01/2030	165,000	4.625%	136,456.25	301,456.25	437,912.50	
11/01/2030			132,640.63	132,640.63		
05/01/2031	175,000	4.625%	132,640.63	307,640.63	440,281.26	
11/01/2031			128,593.75	128,593.75		
05/01/2032	185,000	4.625%	128,593.75	313,593.75	442,187.50	
11/01/2032			124,315.63	124,315.63		
05/01/2033	190,000	4.625%	124,315.63	314,315.63	438,631.26	
11/01/2033			119,921.88	119,921.88		
05/01/2034	200,000	4.625%	119,921.88	319,921.88	439,843.76	
11/01/2034			115,296.88	115,296.88		
05/01/2035	210,000	4.625%	115,296.88	325,296.88	440,593.76	
11/01/2035			110,440.63	110,440.63		
05/01/2036	220,000	4.625%	110,440.63	330,440.63	440,881.26	
11/01/2036			105,353.13	105,353.13		
05/01/2037	230,000	4.625%	105,353.13	335,353.13	440,706.26	
11/01/2037			100,034.38	100,034.38		
05/01/2038	240,000	4.625%	100,034.38	340,034.38	440,068.76	
11/01/2038			94,484.38	94,484.38		
05/01/2039	255,000	4.625%	94,484.38	349,484.38	443,968.76	
11/01/2039			88,587.50	88,587.50		
05/01/2040	265,000	4.750%	88,587.50	353,587.50	442,175.00	
11/01/2040			82,293.75	82,293.75		
05/01/2041	280,000	4.750%	82,293.75	362,293.75	444,587.50	
11/01/2041			75,643.75	75,643.75		
05/01/2042	290,000	4.750%	75,643.75	365,643.75	441,287.50	
11/01/2042			68,756.25	68,756.25		
05/01/2043	305,000	4.750%	68,756.25	373,756.25	442,512.50	
11/01/2043			61,512.50	61,512.50		
05/01/2044	320,000	4.750%	61,512.50	381,512.50	443,025.00	
11/01/2044			53,912.50	53,912.50		
05/01/2045	335,000	4.750%	53,912.50	388,912.50	442,825.00	
11/01/2045			45,956.25	45,956.25		
05/01/2046	350,000	4.750%	45,956.25	395,956.25	441,912.50	
11/01/2046			37,643.75	37,643.75		
05/01/2047	370,000	4.750%	37,643.75	407,643.75	445,287.50	
11/01/2047			28,856.25	28,856.25		
05/01/2048	385,000	4.750%	28,856.25	413,856.25	442,712.50	

BOND DEBT SERVICE
$7,025,000
Lucerne Park Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019

Period Ending	
Principal	
Coupon	
Interest	
Debt Service	Annual Debt Service	
11/01/2048			19,712.50	19,712.50		
05/01/2049	405,000	4.750%	19,712.50	424,712.50	444,425.00	
11/01/2049			10,093.75	10,093.75		
05/01/2050	425,000	4.750%	10,093.75	435,093.75	445,187.50	
	7,025,000		6,493,553.56	13,518,553.56	13,518,553.56	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)

05/24/19	Beg	Bal	-5,914,177.69	-7,458,984.31	
05/24/19			204,585.00	258,023.41	
05/24/19			141,744.55	178,768.79	
06/28/19			737,286.04	925,800.93	
06/28/19			673.00	845.08	
06/28/19			3,040.00	3,817.29	
06/28/19			118,743.08	149,104.21	
06/28/19			30,000.00	37,670.63	
06/28/19			20,341.00	25,541.94	
06/28/19			3,800.00	4,771.61	
06/28/19			4,956.25	6,223.50	
06/28/19			57,860.00	72,654.08	
07/10/19			2,655.00	3,328.70	
07/10/19			367,771.76	461,092.52	
07/10/19			105,444.50	132,200.66	
07/16/19			-105,444.50	-132,098.44	
07/23/19			102,281.17	128,019.90	
07/23/19			6,000.00	7,509.88	
07/23/19			3,247.50	4,064.72	
07/23/19			2,321.69	2,905.94	
07/23/19			47,890.84	59,942.42	
07/25/19			373,117.67	466,891.15	
07/26/19			-360,552.40	-451,109.76	
08/20/19			150.00	187.09	
09/06/19			6,000.00	7,468.36	
09/12/19			3,000.00	3,731.29	
09/12/19			36,580.27	45,497.25	
09/12/19			560,857.72	697,575.00	
09/12/19			634,977.84	789,762.98	
09/12/19			20,957.60	26,066.32	
09/12/19			897.50	1,116.28	
10/01/19			810,343.44	1,005,410.65	
10/01/19			5,000.00	6,203.61	
10/01/19			1,200.00	1,488.87	
10/01/19			3,000.00	3,722.16	
10/01/19			58,440.10	72,507.90	
10/16/19			13,566.04	16,799.16	
10/21/19			65,737.82	81,352.30	
10/21/19			855.00	1,058.09	
10/21/19			3,000.00	3,712.58	
10/28/19			12,690.00	15,690.05	
10/28/19			3,000.00	3,709.23	
11/07/19			3,000.00	3,704.93	
11/07/19			6,300.00	7,780.35	
11/07/19			28,150.00	34,764.59	
11/08/19			664,730.79	820,821.00	
11/19/19			150,754.81	185,890.81	
11/21/19			3,000.00	3,698.25	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)

12/05/19	447,248.56	550,351.09	
12/09/19	3,000.00	3,689.68	
12/19/19	3,000.00	3,684.92	
12/19/19	1,312.90	1,612.64	
12/30/19	252.00	309.09	
01/02/20	86.00	105.46	
01/02/20	13,445.00	16,486.93	
01/03/20	3,000.00	3,678.28	
01/23/20	3,000.00	3,668.80	
01/23/20	5,000.00	6,114.67	
02/04/20	88,155.49	107,655.63	
02/26/20	7,255.00	8,834.72	
02/26/20	12,434.80	15,142.39	
02/26/20	3,000.00	3,653.23	
02/26/20	3,000.00	3,653.23	
02/27/20	1,485.00	1,808.11	
02/27/20	1,091.25	1,328.69	
03/04/20	884.23	1,075.65	
03/04/20	1,305.66	1,588.32	
03/04/20	884.23	1,075.65	
03/04/20	884.23	1,075.65	
03/04/20	1,056.48	1,285.19	
03/06/20	3,000.00	3,648.52	
03/06/20	578.31	703.33	
03/16/20	1,789.86	2,173.98	
03/18/20	75.00	91.07	
03/23/20	3,000.00	3,640.53	
03/26/20	1,228.50	1,490.22	
04/06/20	71,767.00	86,944.21	
04/13/20	96,510.54	116,815.02	
04/13/20	29,074.36	35,191.20	
04/13/20	3,000.00	3,631.16	
04/13/20	53,705.89	65,004.86	
04/13/20	5,030.98	6,089.43	
04/13/20	825.00	998.57	
04/13/20	45,278.82	54,804.85	
05/18/20	3,000.00	3,614.81	
05/18/20	2,320.50	2,796.06	
05/18/20	10,779.25	12,988.31	
05/18/20	23,499.20	28,315.05	
05/18/20	1,600.00	1,927.90	
06/08/20	5,798.00	6,968.23	
06/08/20	2,034.00	2,444.53	
06/08/20	1,000.00	1,201.83	
06/08/20	441.00	530.01	
06/08/20	347.50	417.64	
06/08/20	450.00	540.83	
06/09/20	-5,030.98	-6,045.62	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)	
06/09/20		-45,278.82	-54,410.60	
07/07/20		1,067.00	1,277.57	
07/07/20		20,705.00	24,791.10	
07/22/20		-26,852.95	-32,090.22	
08/03/20		156.25	186.46	
08/04/20		50,309.80	60,029.04	
08/21/20		272.00	323.84	
09/28/20		5,708.52	6,764.08	
01/07/21		531.25	621.50	
04/21/21		12,511.56	14,442.10	
05/17/21		3,303.48	3,800.45	
05/27/21		-3,303.48	-3,795.55	
06/15/21		-210,021.87	-240,746.45	
06/22/21		213,325.42	244,312.69	
05/31/22	de minimis	0.25	0.27	
05/24/24	TOTALS:	34,090.36	-72,985.19	

ISSUE DATE:	05/24/19	REBATABLE ARBITRAGE:	-72,985.19	
COMP DATE:	05/24/24	NET INCOME:	34,090.36	
BOND YIELD: 4.695610%	TAX INV YIELD:	1.715063%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT

FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)

05/24/19	Beg	Bal	-438,071.88	-552,497.99	
06/04/19			191.14	240.76	
07/02/19			705.06	884.88	
08/02/19			722.01	902.65	
09/04/19			641.26	798.40	
10/02/19			608.94	755.43	
11/04/19			546.30	674.93	
12/03/19			466.56	574.26	
01/03/20			457.92	561.45	
02/04/20			444.87	543.28	
03/03/20			414.96	504.86	
04/02/20			180.67	218.99	
05/04/20			2.19	2.64	
06/02/20			2.24	2.69	
06/04/20			9,272.80	11,150.11	
07/02/20			2.11	2.53	
08/04/20			2.19	2.61	
09/02/20			2.19	2.60	
09/17/20			8,522.40	10,112.61	
10/02/20			2.09	2.48	
11/03/20			2.14	2.52	
12/02/20			2.08	2.44	
01/05/21			2.14	2.50	
02/02/21			2.14	2.50	
03/02/21			1.94	2.25	
04/02/21			2.14	2.48	
05/04/21			232.93	268.42	
05/04/21			2.08	2.40	
06/02/21			2.14	2.46	
06/15/21			210,021.87	240,746.45	
07/02/21			1.52	1.74	
08/03/21			1.07	1.22	
09/02/21			1.07	1.21	
10/04/21			1.03	1.16	
11/02/21			1.07	1.21	
12/02/21			1.04	1.17	
12/30/21			0.02	0.02	
01/04/22			1.07	1.20	
02/02/22			1.07	1.19	
03/02/22			0.96	1.06	
04/04/22			1.08	1.19	
05/03/22			1.03	1.13	
06/02/22			52.94	58.03	
07/05/22			120.90	131.96	
08/02/22			211.07	229.58	
09/02/22			317.95	344.50	
10/04/22			363.21	391.92	
11/02/22			475.73	511.48	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)	
12/02/22		579.75	620.91	
01/04/23		655.00	698.61	
02/02/23		697.41	741.17	
03/02/23		668.46	707.66	
04/04/23		755.62	796.64	
05/02/23		763.04	801.56	
05/31/23	Bal	210,021.88	219,829.34	
05/31/23	Acc	788.47	825.29	
05/24/24	TOTALS:	11,871.08	-56,823.26	

ISSUE DATE:	05/24/19	REBATABLE ARBITRAGE:	-56,823.26	
COMP DATE:	05/24/24	NET INCOME:	11,871.08	
BOND YIELD: 4.695610%	TAX INV YIELD:	0.912586%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)	
05/24/19	Beg Bal	-300,428.48	-378,901.59	
06/04/19		131.08	165.11	
07/02/19		483.53	606.85	
08/02/19		495.15	619.03	
09/04/19		439.77	547.53	
10/02/19		417.61	518.07	
11/01/19		139,962.24	172,983.82	
11/04/19		374.65	462.86	
12/03/19	from COI	-305.07	-375.49	
12/03/19		170.90	210.35	
01/03/20		168.03	206.02	
02/04/20		163.27	199.39	
03/03/20		152.29	185.28	
04/02/20		66.31	80.37	
05/01/20		160,466.25	193,775.91	
05/04/20		0.80	0.97	
08/03/20		2,861.25	3,414.45	
08/03/20		-2,556.19	-3,050.41	
11/02/20		-154,743.75	-182,555.39	
11/02/20		154,743.75	182,555.39	
02/01/21		-115.63	-134.86	
02/01/21		115.63	134.86	
05/03/21		-153,726.88	-177,172.71	
05/03/21		153,726.88	177,172.71	
05/24/24	TOTALS:	3,063.39	-8,351.47	

ISSUE DATE:	05/24/19	REBATABLE ARBITRAGE:	-8,351.47	
COMP DATE:	05/24/24	NET INCOME:	3,063.39	
BOND YIELD: 4.695610%	TAX INV YIELD:	1.454984%	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT		
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)	
05/24/19	Beg Bal	-198,796.65	-250,723.12	
05/24/19		48,000.00	60,537.79	
05/24/19		45,000.00	56,754.18	
05/24/19		25,000.00	31,530.10	
05/24/19		43,500.00	54,862.37	
05/24/19		24,521.65	30,926.80	
05/24/19		5,500.00	6,936.62	
05/29/19		5,375.00	6,774.60	
05/30/19		5,475.00	6,899.75	
05/30/19		-5,375.00	-6,773.73	
06/04/19		1,500.00	1,889.37	
12/03/19	to Int	305.07	375.49	
05/24/24	TOTALS:	5.07	-9.77	

ISSUE DATE:	05/24/19	REBATABLE ARBITRAGE:	-9.77	
COMP DATE:	05/24/24	NET INCOME:	5.07	
BOND YIELD: 4.695610%	TAX INV YIELD:	1.836318%	

		ARBITRAGE REBATE CALCULATION DETAIL REPORT		
		
RECEIPTS	FUTURE VALUE @ BOND YIELD OF	
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)	
05/24/20		-1,760.00	-2,119.05	
05/24/21		-1,780.00	-2,045.93	
05/24/22		-1,830.00	-2,008.01	
05/24/23		-1,960.00	-2,053.11	
05/24/24	TOTALS:	-7,330.00	-8,226.10	

ISSUE DATE:	05/24/19	REBATABLE ARBITRAGE: -8,226.10 COMP DATE:	05/24/24
BOND YIELD: 4.695610%