Lucerne Park
Community Development District Agenda
June 20, 2024

Agenda

Lucerne Park
Community Development District

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

June 13, 2024

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, June 20, 2024 at 9:30 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/86947172339
Call-In Information: 1-646-931-3860
Meeting ID: 869 4717 2339

Board of Supervisors Meeting

Roll Call
Public Comment Period
Approval of Minutes of the April 18, 2024 Board of Supervisors Meeting
Public Hearing
Consideration of 2024-07 Adopting the District’s Fiscal Year 2025 Budget and Appropriating Funds
Consideration of Resolution 2024-08 Imposing Special Assessments and Certifying an Assessment Roll
Presentation of Fiscal Year 2023 Financial Audit Report
Presentation of Series 2019 Arbitrage Rebate Report
Staff Reports
Attorney
Engineer
Presentation of Stormwater Inspection Report
Presentation of Annual Engineers Report- Series 2019
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Adoption of District Goals and Objectives
Review of Fiscal Year 2025 Meeting Schedule
Other Business
Supervisors Requests
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, April 18, 2024 at 9:30 a.m. at the Holiday Inn, Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida and via Zoom.

Present and constituting a quorum:

Bobbie Henley	Chair
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, Kilinski Van Wyk
Chace Arrington by Zoom	District Engineer
Rey Malave by Zoom	District Engineer
Marshall Tindall	Field Services, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Adams called the meeting to order at 9:30 a.m. Five Board members were present constituting a quorum.
*Ms. Henley joined the meeting at this time.

SECOND ORDER OF BUSINESS	Public Comment Period
Resident (Diane Macecsko) commented on the traffic situation in the neighborhood with people driving at excess speeds. Ms. Adams noted Ms. Macecsko received some communication from Winter Haven Police Dept in which they were questioning their ability to engage in traffic enforcement activity in the District without permission or an agreement from the District. District

Counsel has been made aware of this and is in communication with the attorney for the City of Winter Haven. There is a scheduled call to address this matter.

THIRD ORDER OF BUSINESS	Approval of Minutes of the March 21,
2024 Board of Supervisors Meeting
Ms. Adams presented the minutes from the March 21, 2024 Board of Supervisors meeting. She noted the minutes have been reviewed by District Counsel as well as by District Manager. There were no corrections.

On MOTION by Ms. Henley, seconded by Ms. Kristen Cassidy, with all in favor, the Minutes of the March 21, 2024 Board of Supervisors Meeting, were approved.

FOURTH ORDER OF BUSINESS	Public Hearing
Ms. Adams stated this is the public hearing for the adoption of easement variance policy as well as the $75 application fee. She asked for a motion to open the public hearing.

On MOTION by Ms. Henley, seconded by Ms. Kristen Cassidy, with all in favor, Opening the Public Hearing, was approved.

Consideration of Resolution 2024-05 Adopting Variance Policy and Fees
Ms. Adams stated they are required to take public comment regarding Resolution 2024-05. This is included in the agenda package on page 11. Approval of this resolution adopts the easement variance policies and also approves the collection of the $75 application fee. The Board is considering this item because sometimes property owners in the District will submit an application to the HOA management company to request to do some type of improvement on their private property. When the HOA management company refuses the request if they determine there is an easement in favor of the District then this additional review process would be required.

Resident Comments:
Diane Macecsko asked what would happen if someone already had a fence would they be grandfathered in or would they have to reapply for this application? If they are denied, is that $75 refundable? Ms. Adams noted no one is grandfathered in. If there is an encroachment without

approval, the District can pursue legal action. A person can apply for an easement variance and there would be protection if the easement was granted that would result in a recorded document authorizing the easement variance. If somebody applies and is denied, the application fee is not refundable.
Joan Griffin asked does the CDD have a plat plan of the whole development identifying where you are? Ms. Adams noted they access the plats through the Polk County Property Appraisers office. Each plat book includes a portion of the development. The only easement that the District has a legal interest in on private lots are the easements in favor of the District.

On MOTION by Ms. Henley, seconded by Ms. Kristen Cassidy, with all in favor, Closing the Public Hearing, was approved.

Ms. Adams noted the policy is on page 13. There have been no changes since this policy was previously reviewed. The key reason for today’s public hearing is approval and adoption of that $75 application fee.

On MOTION by Ms. Henley, seconded by Ms. Kristen Cassidy, with all in favor, Resolution 2024-05 Adopting Variance Policy and Fees, was approved.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-06
Setting the Date, Time, and Location for the Landowners’ Election and Meeting
Ms. Adams stated this sets the Landowners’ Election for November 24, 2024 at 9:30 a.m.
This is required per Florida Statute. She asked for a motion to approve Resolution 2024-06.

On MOTION by Ms. Henley seconded by Ms. Kristen Cassidy, with all in favor, Resolution 2024-06 Designating November 24, 2024 at 9:30 a.m. for the Landowners’ Election, was approved.

SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Ethics Training Workshop Date/Time
Ms. Hammock reminded the Board of April 30th and May 30th ethics training via Zoom. She scheduled a call with the attorney to discuss having a traffic enforcement agreement. She wanted to make sure there is no charge to the District for that service. She is hoping to have that finalized as soon as tomorrow but sometime next week at the latest. Ms. Hammock stated that she also needs direction from the Chair or Vice Chair with the agreement. The District being a special purpose unit of government only has a limited set of powers. The District is prohibited from any sort of police powers. Ms. Adams asked Meredith if there is an agreement in between scheduled meetings, would a motion be needed to authorize the Chair to execute it or can the Chair execute it and bring it back to the next meeting to ratify? Ms. Hammock stated yes, the Chair can execute it.

Engineer
Consideration of Work Order 2024-01 for Annual Engineers’ Report
Mr. Malave noted they have a work order as part of the requirements of the bond documents and holders. It requires an Annual Engineer’s Certification letter indicating that all of the facilities are in good shape and being operated and maintained as required. This work order is for that type of effort and most of it is stormwater related. It is on page 23 of the agenda packet.

On MOTION by Ms. Henley seconded by Ms. Kristen Cassidy, with all in favor, Work Order 2024-01 for Annual Engineer’s Report, was approved.

Field Managers Report
Mr. Tindall presented the Field Managers Report. Topics included pool deck cleaning, shower repair, playground mulch leveling, trimming and mowing, irrigation, entry sign cleaned, sign touchup painting/repair, and streetlights reported for repair. He noted a couple areas where the stop bars at the stop signs are starting to wear thin so will work on getting a proposal for that.

District Manager’s Report
Approval of Check Register
Ms. Adams presented the check register from March 9, 2024 through April 5, 2024 for a total of $18,973.33. Immediately following the register is a detailed run summary.

On MOTION by Ms. Henley seconded by Ms. Kristen Cassidy, with all in favor, the Check Register totaling $18,973.33, was approved.

Balance Sheet and Income Statement
Ms. Adams noted the unaudited financials were through the end of March. She went over line items. These are for informational purposes. No Board action is required. Under the assessments, the District was almost 100% collected as of the end of March.

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

EIGHTH ORDER OF BUSINESS	Supervisors Requests
Ms. Adams stated this was for Supervisor requests or audience comments. Hearing no comments or requests, the next item followed.

NINTH ORDER OF BUSINESS	Adjournment

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

Secretary / Assistant Secretary	Chairman / Vice Chairman

Section IV

Section A

RESOLUTION 2024-07
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, 2024, AND ENDING SEPTEMBER 30, 2025; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2024, 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, 2024 and ending September 30, 2025 (“Fiscal Year 2025”) 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, 2025.”

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 2025, 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 FUNDS
TOTAL ALL FUNDS

SECTION 3. BUDGET AMENDMENTS

$446,207
$648,720

$88,674

$1,183,601

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2025 or within 60 days following the end of the Fiscal Year 2025 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 20TH DAY OF JUNE, 2024.
ATTEST:	LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its:	

Exhibit A:	Adopted Budget for Fiscal Year 2025

Exhibit A
Adopted Budget for Fiscal Year 2025

[FY 2025 Budget follows]

Lucerne Park
Community Development District

Proposed Budget
FY2025

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	FY2024	4/30/24	5 Months	9/30/24	FY2025	

Revenues						
Assessments	$	446,207	$	445,366	$	841	$	446,207	$	446,207	
Total Revenues	$	446,207	$	445,366	$	841	$	446,207	$	446,207	

Expenditures						
Administrative
Supervisor Fees	

$	12,000	

$	3,400	

$	5,000	

$	8,400	

$	12,000	
Engineering	$	20,000	$	750	$	3,500	$	4,250	$	20,000	
Attorney	$	25,000	$	8,502	$	6,073	$	14,575	$	25,000	
Annual Audit	$	4,800	$	3,800	$	1,000	$	4,800	$	4,800	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,250	
Arbitrage	$	450	$	-	$	450	$	450	$	450	
Dissemination	$	5,000	$	2,917	$	2,083	$	5,000	$	5,250	
Trustee Fees	$	4,337	$	2,478	$	1,859	$	4,337	$	4,337	
Management Fees	$	40,124	$	23,406	$	16,718	$	40,124	$	45,000	
Information Technology	$	1,800	$	1,050	$	750	$	1,800	$	1,890	
Website Administration	$	1,200	$	700	$	500	$	1,200	$	1,260	
Postage & Delivery	$	900	$	261	$	300	$	561	$	900	
Insurance	$	6,586	$	6,197	$	-	$	6,197	$	6,817	
Copies	$	500	$	17	$	35	$	52	$	500	
Legal Advertising	$	3,000	$	2,217	$	783	$	3,000	$	3,000	
Contingency	$	1,000	$	279	$	300	$	579	$	1,000	
Office Supplies	$	350	$	3	$	55	$	58	$	350	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	132,222	$	61,151	$	39,407	$	100,558	$	137,979	

Operations & Maintenance
Field Services
Property Insurance	

$	13,886	

$	14,264	

$	-	

$	14,264	

$	16,118	
Field Management	$	15,900	$	9,275	$	6,625	$	15,900	$	15,900	
Landscape Maintenance	$	45,800	$	23,803	$	17,002	$	40,805	$	45,800	
Landscape Contingency	$	15,000	$	-	$	7,500	$	7,500	$	10,000	
Streetlights	$	38,473	$	20,672	$	14,948	$	35,620	$	38,473	
Electric	$	5,000	$	501	$	425	$	926	$	2,000	
Water & Sewer	$	3,500	$	621	$	750	$	1,371	$	3,500	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,250	$	1,250	$	-	
Irrigation Repairs	$	7,500	$	231	$	3,750	$	3,981	$	7,500	
General Repairs & Maintenance	$	10,000	$	3,646	$	5,000	$	8,646	$	12,000	
Contingency	$	7,500	$	-	$	3,750	$	3,750	$	7,500	
Subtotal Field Expenditures	$	165,059	$	73,014	$	61,000	$	134,014	$	158,791	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	4/30/24	5 Months	9/30/24	FY2025	
Amenity Expenditures						
Amenity - Electric	$	6,000	$	5,147	$	4,200	$	9,347	$	10,100	
Amenity - Water	$	6,000	$	2,265	$	2,750	$	5,015	$	6,000	
Playground Lease	$	19,512	$	11,382	$	8,130	$	19,512	$	19,512	
Internet	$	2,000	$	1,126	$	846	$	1,973	$	2,000	
Pest Control	$	600	$	-	$	200	$	200	$	600	
Janitorial Service	$	15,300	$	8,345	$	6,425	$	14,770	$	16,160	
Security Services	$	32,000	$	19,804	$	14,146	$	33,950	$	35,000	
Pool Maintenance	$	19,800	$	13,280	$	9,400	$	22,680	$	23,700	
Amenity Repairs & Maintenance	$	10,000	$	5,184	$	4,816	$	10,000	$	10,000	
Amenity Access Management	$	5,250	$	3,063	$	2,188	$	5,250	$	5,250	
Contingency	$	8,500	$	-	$	4,250	$	4,250	$	14,469	
Subtotal Amenity Expenditures	$	124,962	$	69,596	$	57,351	$	126,947	$	142,791	
						
Total Operations & Maintenance	$	290,022	$	142,610	$	118,351	$	260,961	$	301,583	

Other Expenditures						
Capital Reserves	$	23,963	$	-	$	35,000	$	35,000	$	6,646	
Total Other Expenditures	$	23,963	$	-	$	35,000	$	35,000	$	6,646	

Total Expenditures	$	446,207	$	203,761	$	192,758	$	396,519	$	446,207	
						
Excess  Revenues/(Expenditures)	$	0	$	241,605	$	(191,916)	$	49,688	$	-	

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 Commerce 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 Contingency
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.

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	FY2024	4/30/24	5 Months	9/30/24	FY2025	

Revenues							

Assessments	$	419,524	$	418,731	
$	793	
$	419,524	
$	419,524	
Interest Income	$	-	$	12,170	$	8,693	$	20,864	$	10,432	
Carry Forward Surplus *	$	194,881	$	197,720	$	-	$	197,720	$	218,764	
Total Revenues	$	614,405	$	628,621	$	9,486	$	638,108	$	648,720	
Expenses						
Interest - 11/1	$	147,172	$	147,172	$	-	$	147,172	$	144,797	
Principal - 5/1	$	125,000	$	-	$	125,000	$	125,000	$	130,000	
Interest - 5/1	$	147,172	$	-	$	147,172	$	147,172	$	144,797	
Total Expenditures	$	419,344	$	147,172	$	272,172	$	419,344	$	419,594	
						
Excess Revenues/(Expenditures)	$	195,061	$	481,450	$  (262,686)	$	218,764	$	229,126	

* Carryforward Less Reserve Requirement				
Interest - 11/1/2025	
	$142,197 	
				Total		$142,197 	

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

11/01/24	$	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	FY2024	4/30/24	5 Months	9/30/24	FY2025	

Revenues						
Interest Income	$	-	$	1,435	$	1,025	$	2,459	$	1,230	
Carry Forward Surplus	$	70,000	$	49,985	$	-	$	49,985	$	87,444	
Total Revenues	$	70,000	$	51,420	$	1,025	$	52,444	$	88,674	

Expenses						
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources						
Transfer In (Out)	$	23,963	$	-	$	35,000	$	35,000	$	6,646	
Total Other Financing Sources/(Uses)	$	23,963	$	-	$	35,000	$	35,000	$	6,646	
						
Excess Revenues/(Expenditures)	$	93,963	$	51,420	$	36,025	$	87,444	$	95,319	

Section B

RESOLUTION 2024-08
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 2025; 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, 2024, and ending September 30, 2025 (“Fiscal Year 2025”), 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 2025; 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.

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 20TH DAY OF JUNE, 2024.
ATTEST:	LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By: 	 Its: 		

Exhibit A:	Adopted Budget for Fiscal Year 2025
Exhibit B:	Assessment Roll

Exhibit A
Adopted Budget for Fiscal Year 2025

[FY 2025 Budget follows]

Lucerne Park
Community Development District

Proposed Budget
FY2025

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	FY2024	4/30/24	5 Months	9/30/24	FY2025	

Revenues						
Assessments	$	446,207	$	445,366	$	841	$	446,207	$	446,207	
Total Revenues	$	446,207	$	445,366	$	841	$	446,207	$	446,207	

Expenditures						
Administrative
Supervisor Fees	

$	12,000	

$	3,400	

$	5,000	

$	8,400	

$	12,000	
Engineering	$	20,000	$	750	$	3,500	$	4,250	$	20,000	
Attorney	$	25,000	$	8,502	$	6,073	$	14,575	$	25,000	
Annual Audit	$	4,800	$	3,800	$	1,000	$	4,800	$	4,800	
Assessment Administration	$	5,000	$	5,000	$	-	$	5,000	$	5,250	
Arbitrage	$	450	$	-	$	450	$	450	$	450	
Dissemination	$	5,000	$	2,917	$	2,083	$	5,000	$	5,250	
Trustee Fees	$	4,337	$	2,478	$	1,859	$	4,337	$	4,337	
Management Fees	$	40,124	$	23,406	$	16,718	$	40,124	$	45,000	
Information Technology	$	1,800	$	1,050	$	750	$	1,800	$	1,890	
Website Administration	$	1,200	$	700	$	500	$	1,200	$	1,260	
Postage & Delivery	$	900	$	261	$	300	$	561	$	900	
Insurance	$	6,586	$	6,197	$	-	$	6,197	$	6,817	
Copies	$	500	$	17	$	35	$	52	$	500	
Legal Advertising	$	3,000	$	2,217	$	783	$	3,000	$	3,000	
Contingency	$	1,000	$	279	$	300	$	579	$	1,000	
Office Supplies	$	350	$	3	$	55	$	58	$	350	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	132,222	$	61,151	$	39,407	$	100,558	$	137,979	

Operations & Maintenance
Field Services
Property Insurance	

$	13,886	

$	14,264	

$	-	

$	14,264	

$	16,118	
Field Management	$	15,900	$	9,275	$	6,625	$	15,900	$	15,900	
Landscape Maintenance	$	45,800	$	23,803	$	17,002	$	40,805	$	45,800	
Landscape Contingency	$	15,000	$	-	$	7,500	$	7,500	$	10,000	
Streetlights	$	38,473	$	20,672	$	14,948	$	35,620	$	38,473	
Electric	$	5,000	$	501	$	425	$	926	$	2,000	
Water & Sewer	$	3,500	$	621	$	750	$	1,371	$	3,500	
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	1,250	$	1,250	$	-	
Irrigation Repairs	$	7,500	$	231	$	3,750	$	3,981	$	7,500	
General Repairs & Maintenance	$	10,000	$	3,646	$	5,000	$	8,646	$	12,000	
Contingency	$	7,500	$	-	$	3,750	$	3,750	$	7,500	
Subtotal Field Expenditures	$	165,059	$	73,014	$	61,000	$	134,014	$	158,791	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2024	4/30/24	5 Months	9/30/24	FY2025	
Amenity Expenditures						
Amenity - Electric	$	6,000	$	5,147	$	4,200	$	9,347	$	10,100	
Amenity - Water	$	6,000	$	2,265	$	2,750	$	5,015	$	6,000	
Playground Lease	$	19,512	$	11,382	$	8,130	$	19,512	$	19,512	
Internet	$	2,000	$	1,126	$	846	$	1,973	$	2,000	
Pest Control	$	600	$	-	$	200	$	200	$	600	
Janitorial Service	$	15,300	$	8,345	$	6,425	$	14,770	$	16,160	
Security Services	$	32,000	$	19,804	$	14,146	$	33,950	$	35,000	
Pool Maintenance	$	19,800	$	13,280	$	9,400	$	22,680	$	23,700	
Amenity Repairs & Maintenance	$	10,000	$	5,184	$	4,816	$	10,000	$	10,000	
Amenity Access Management	$	5,250	$	3,063	$	2,188	$	5,250	$	5,250	
Contingency	$	8,500	$	-	$	4,250	$	4,250	$	14,469	
Subtotal Amenity Expenditures	$	124,962	$	69,596	$	57,351	$	126,947	$	142,791	
						
Total Operations & Maintenance	$	290,022	$	142,610	$	118,351	$	260,961	$	301,583	

Other Expenditures						
Capital Reserves	$	23,963	$	-	$	35,000	$	35,000	$	6,646	
Total Other Expenditures	$	23,963	$	-	$	35,000	$	35,000	$	6,646	

Total Expenditures	$	446,207	$	203,761	$	192,758	$	396,519	$	446,207	
						
Excess  Revenues/(Expenditures)	$	0	$	241,605	$	(191,916)	$	49,688	$	-	

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 Commerce 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 Contingency
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.

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	FY2024	4/30/24	5 Months	9/30/24	FY2025	

Revenues							

Assessments	$	419,524	$	418,731	
$	793	
$	419,524	
$	419,524	
Interest Income	$	-	$	12,170	$	8,693	$	20,864	$	10,432	
Carry Forward Surplus *	$	194,881	$	197,720	$	-	$	197,720	$	218,764	
Total Revenues	$	614,405	$	628,621	$	9,486	$	638,108	$	648,720	
Expenses						
Interest - 11/1	$	147,172	$	147,172	$	-	$	147,172	$	144,797	
Principal - 5/1	$	125,000	$	-	$	125,000	$	125,000	$	130,000	
Interest - 5/1	$	147,172	$	-	$	147,172	$	147,172	$	144,797	
Total Expenditures	$	419,344	$	147,172	$	272,172	$	419,344	$	419,594	
						
Excess Revenues/(Expenditures)	$	195,061	$	481,450	$  (262,686)	$	218,764	$	229,126	

* Carryforward Less Reserve Requirement				
Interest - 11/1/2025	
	$142,197 	
				Total		$142,197 	

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

11/01/24	$	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	FY2024	4/30/24	5 Months	9/30/24	FY2025	

Revenues						
Interest Income	$	-	$	1,435	$	1,025	$	2,459	$	1,230	
Carry Forward Surplus	$	70,000	$	49,985	$	-	$	49,985	$	87,444	
Total Revenues	$	70,000	$	51,420	$	1,025	$	52,444	$	88,674	

Expenses						
Capital Outlay	$	-	$	-	$	-	$	-	$	-	
Total Expenditures	$	-	$	-	$	-	$	-	$	-	

Other Financing Sources						
Transfer In (Out)	$	23,963	$	-	$	35,000	$	35,000	$	6,646	
Total Other Financing Sources/(Uses)	$	23,963	$	-	$	35,000	$	35,000	$	6,646	
						
Excess Revenues/(Expenditures)	$	93,963	$	51,420	$	36,025	$	87,444	$	95,319	

Exhibit B
Assessment Roll

[Assessment Roll follows]

Lucerne Park CDD FY 25 Roll

PARCEL ID	UNITS	FY 25
O&M	2019
DEBT	TOTAL	
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	
Total Gross Assessments	346	$479,794.74	$451,100.96	$930,895.70	
					
Total Net Assessments		$446,209.11	$419,523.89	$865,733.00	

Section V

LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT
CITY OF WINTER HAVEN, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA

TABLE OF CONTENTS

	Page	
INDEPENDENT AUDITOR’S REPORT	1-2	
MANAGEMENT’S DISCUSSION AND ANALYSIS	3-6	
BASIC FINANCIAL STATEMENTS		
Government-Wide Financial Statements:		
Statement of Net Position	7	
Statement of Activities	8	
Fund Financial Statements:		
Balance Sheet – Governmental Funds	9	
Reconciliation of the Balance Sheet – Governmental Funds		
to the Statement of Net Position	10	
Statement of Revenues, Expenditures and Changes in Fund Balances –
Governmental Funds	
11	
Reconciliation of the Statement of Revenues, Expenditures and Changes in
Fund Balances of Governmental Funds to the Statement of Activities	
12	
Notes to Financial Statements	13-20	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
21	
Notes to Required Supplementary Information	22	
OTHER INFORMATION		
Data Elements Required by Florida Statute 218.39(3)(c)	23	
INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS	

24-25	
INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	

26	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
27-28	

INDEPENDENT AUDITOR’S REPORT
To the Board of Supervisors
Lucerne Park Community Development District City of Winter Haven, Florida

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

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Lucerne Park Community Development District, City of Winter Haven, Florida (“District”) as of and for the fiscal year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of for the fiscal year ended September 30, 2023, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.

In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 4, 2024, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

June 4, 2024

MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Lucerne Park Community Development District, City of Winter Haven, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2023. Please read it in conjunction with the District’s Independent Auditor’s Report, basic financial statements, accompanying notes and supplementary information to the basic financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets at the close of the most recent fiscal year resulting in a net position deficit balance of ($1,810,971).

The change in the District’s total net position in comparison with the prior fiscal year was
$103,254, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2023, the District’s governmental funds reported combined ending fund balances of $695,741 an increase of $132,867 in comparison with the prior fiscal year. The total fund balance is restricted for debt service, non-spendable for prepaid items, assigned to capital reserves, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.
OVERVIEW OF FINANCIAL STATEMENTS

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

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

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

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

The government-wide financial statements include all governmental activities that are principally supported by assessments and Developer contributions. The District does not have any business-type activities. The governmental activities of the District include general government (management), maintenance and recreational functions.
Fund Financial Statements

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

OVERVIEW OF FINANCIAL STATEMENTS (Continued)

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

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

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

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

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

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

Key components of the District’s net position are reflected in the following table:
NET POSITION SEPTEMBER 30,
	2023	2022	

Current and other assets

$	708,198	$

569,948

Capital assets, net of depreciation		4,044,128	4,208,135  Total assets		4,752,326	4,778,083 
Current liabilities	135,100	131,617
Long-term liabilities		6,428,197	6,560,691 
Total liabilities		6,563,297	6,692,308  Net position
Net investment in capital assets	(2,384,069)	(2,352,042)
Restricted	285,099	263,022
Unrestricted		287,999	174,795 
Total net position	 $  (1,810,971) $	(1,914,225)
The District’s net position reflects its investment in capital assets (e.g. land, land improvements, and infrastructure); less any related debt used to acquire those assets that is still outstanding. These assets are used to provide services to residents; consequently, these assets are not available for future spending. Although the District’s investment in capital assets is reported net of related debt, it should be noted that the resources needed to repay this debt must be provided from other sources, since the capital assets themselves cannot be used to liquidate these liabilities.

GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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

The District’s net position increased during the most recent fiscal year. The majority of the increase represents the extent to which ongoing program revenues exceeded the cost of operations and depreciation expense.
Key elements of the change in net position are reflected in the following table:
CHANGES IN NET POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
Revenues:		2023	2022	 Program revenues
Charges for services	$	871,220  $	766,685	
Operating grants and contributions	16,897	1,288	
General revenues
Unrestricted investment earnings		-	30 
Total revenues		888,117	768,003  Expenses:
General government	92,677	80,238	
Maintenance and operations	265,882	239,856	
Recreation	122,283	69,161	
Interest		304,021	310,094 	
Total expenses		784,863	699,349 	
Change in net position		103,254	68,654 	
Net position - beginning		(1,914,225)	(1,982,879)	
Net position - ending	 $  (1,810,971)  $  (1,914,225)	
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2023 was $784,863. The costs of the District’s activities were funded by program revenues. Program revenues were comprised primarily of assessments during the current fiscal period. In total, expenses increased over the prior primarily as the result of an increase in maintenance expenses.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted using the same basis of accounting that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2023.

CAPITAL ASSETS
At September 30, 2023, the District had $4,372,142 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $328,014 has been taken, which resulted in a net book value of $4,044,128. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

CAPITAL DEBT

At September 30, 2023, the District had $6,385,000 Bonds outstanding and $43,197 in notes payable. More detailed information about the District’s capital debt is presented in the notes of the financial statements.
ECONOMIC FACTORS AND NEXT YEAR’S BUDGETS AND OTHER EVENTS

It is anticipated that the general operations of the District will remain fairly constant. CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Lucerne Park Community Development District’s Finance Department at 219 E. Livingston Street, Orlando, Florida, 32801.

LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2023

	Governmental
	Activities		
ASSETS		
Cash	$	274,785	
Assessments receivable	2,146	
Prepaids	24,565	
Restricted assets:		
Investments	406,702	
Capital assets:		
Depreciable, net		4,044,128 	
Total assets		4,752,326 	

LIABILITIES		
Accounts payable	12,457	
Accrued interest payable	122,643	
Non-current liabilities:		
Due within one year	139,360	
Due in more than one year		6,288,837 	
Total liabilities		6,563,297 	

NET POSITION		
Net investment in capital assets	(2,384,069)	
Restricted for debt service	285,099	
Unrestricted		287,999 	
Total net position	 $ (1,810,971) 	

See notes to the financial statements

LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT CITY OF WINTER HAVEN, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

Net (Expense) Revenue and Changes in Net
	Program Revenues	Position  

Charges for

Operating Grants and

Governmental

Functions/Programs		Expenses	Services	Contributions	Activities	 Primary government:
Governmental activities:
General government	$	92,677	$	92,677	$	-	$	-	
Maintenance and operations	265,882	244,096	-	(21,786)	
Recreation	122,283	112,264	-	(10,019)	
Interest on long-term debt		304,021	422,183	16,897	135,059 
Total governmental activities		784,863	871,220	16,897	103,254 

Change in net position	103,254	
Net position - beginning		(1,914,225) 	
Net position - ending	 $  (1,810,971) 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2023

	Major Funds		Total

Debt
General	Service

Capital Projects

Governmental Funds

ASSETS		
Cash	$	224,800	$	-	$	49,985	$	274,785	
Investments	-	406,702	-	406,702	
Assessments receivable	1,106	1,040	-	2,146	
Prepaids	24,565	-	-	24,565	
Total assets	$	250,471	$	407,742	$	49,985	$	708,198	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	12,457	$	-	$	-	$	12,457	
Total liabilities	12,457	-	-	12,457	

Fund balances:
Nonspendable:
Prepaid items Restricted for:
Debt service	24,565

-	-

407,742	-

-	24,565

407,742	
Assigned to: Capital reserves		
-		
-		
49,985		
49,985	
Unassigned		213,449		-		-		213,449	
Total fund balances		238,014		407,742		49,985		695,741	

Total liabilities and fund balances	
$	
250,471	
$	
407,742	
$	
49,985	
$	
708,198	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2023

Fund balance - governmental funds	$   695,741
Amounts reported for governmental activities in the statement of net position are different because:
Capital assets used in governmental activities are not financial resources and, therefore, are not reported as assets in the governmental funds. The statement of net position includes those capital assets, net of accumulated depreciation, in the assets of the government as a whole.
Cost of capital assets	4,372,142
Accumulated depreciation	   (328,014)    4,044,128
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund financial statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	(122,643)	
Financed purchase - notes payable	(43,197)	
Bonds payable	  (6,385,000)	(6,550,840) 	
Net position of governmental activities	$ (1,810,971)

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

	Major Funds		Total

Debt
General	Service

Capital Projects

Governmental Funds

REVENUES		
Assessments	$	449,037	$	422,183	$	-	$	871,220	
Interest	-	16,897	-	16,897	
Total revenues	449,037	439,080	-	888,117	

EXPENDITURES
Current:
General government	92,677	-	-	92,677	
Maintenance and operations	136,282	-	433	136,715	
Recreation	87,443	-	-	87,443	
Debt service:
Principal	
12,494	
120,000	
-	
132,494	
Interest	7,018	298,903	-	305,921	
Total expenditures	335,914	418,903	433	755,250	

Excess (deficiency) of revenues over (under) expenditures	

113,123	

20,177	

(433)	

132,867	

OTHER FINANCING SOURCES (USES)
Transfer in	

-	

-	

49,904	

49,904	
Transfer out	(49,904)	-	-	(49,904)	
Total other financing sources (uses)	(49,904)	-	49,904	-	

Net change in fund balances	
63,219	
20,177	
49,471	
132,867	
Fund balances - beginning	174,795	387,565	514	562,874	

Fund balances - ending	
$	238,014	
$	407,742	
$	49,985	
$	695,741	

See notes to the financial statements

RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

are different because:		
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

132,494	
The change in accrued interest on long-term liabilities between the current and prior fiscal years is recorded in the statement of activities, but not in the governmental fund financial statements.	

1,900	
Depreciation of capital assets is not recognized in the governmental fund financial statements, but is reported as an expense in the statement of activities.	

	(164,007) 	
Change in net position of governmental activities	 $	103,254 	

Net change in fund balances - total governmental funds	$ Amounts reported for governmental activities in the statement of activities

132,867

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

Lucerne Park Community Development District (the "District") was created by City of Winter Haven Ordinance O-18-50 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes on June 11, 2018. The Act provides among other things, the power to manage basic services for community development, power to borrow money and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operations of the infrastructure within the District.
The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Board of Supervisors are elected by qualified landowners within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2023, four of the Board members are affiliated with Lucerne Park Investment, LLC (“Developer”).

The Board has the responsibility for:
Assessing and levying assessments.
Approving budgets.
Exercising control over facilities and properties.
Controlling the use of funds generated by the District.
Approving the hiring and firing of key personnel.
Financing improvements.

The financial statements were prepared in accordance with Governmental Accounting Standards Board (“GASB”) Statements. Under the provisions of those standards, the financial reporting entity consists of the primary government, organizations for which the District is considered to be financially accountable, and other organizations for which the nature and significance of their relationship with the District are such that, if excluded, the financial statements of the District would be considered incomplete or misleading. There are no entities considered to be component units of the District; therefore, the financial statements include only the operations of the District.

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

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

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

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

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

The District reports the following major governmental funds:

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

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.
Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.
As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

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

Assets, Liabilities and Net Position or Equity

Restricted Assets
These assets represent cash and investments set aside pursuant to Bond covenants or other contractual restrictions.
Deposits and Investments
The District’s cash and cash equivalents are considered to be cash on hand and demand deposits (interest and non-interest bearing).

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

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

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.
The District records all interest revenue related to investment activities in the respective funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

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

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets with an initial, individual cost of more than $5,000 and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.
The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

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

Assets	Years	
Infrastructure
Financed purchase assets – equipment	30
5	
Recreation	5 - 30	

In the governmental fund financial statements, amounts incurred for the acquisition of capital assets are reported as fund expenditures. Depreciation expense is not reported in the governmental fund financial statements.

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.
Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized ratably over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

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

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

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.
Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:
Committed fund balance – Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes are reported in this category.
Assigned fund balance – Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither considered restricted nor committed. The Board may also assign fund balance as it does when appropriating fund balance to cover differences in estimated revenue and appropriations in the subsequent year’s appropriated budget. Assignments are generally temporary and normally the same formal action need not be taken to remove the assignment.

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

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

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

NOTE 3 - BUDGETARY INFORMATION

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

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

NOTE 4 – DEPOSITS AND INVESTMENTS
Deposits
The District’s cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories would be responsible for covering any resulting losses.

The District’s investments were held as follows at September 30, 2023:

 Amortized Cost	Credit Risk	Maturities	
Weighted average of the fund

First American Treasury Obligation Fund Class Y

 $	406,702 
 $	406,702 

S&P AAAm

portfolio: 15 days

Credit risk – For investments, credit risk is generally the risk that an issuer of an investment will not fulfill its obligation to the holder of the investment. This is measured by the assignment of a rating by a nationally recognized statistical rating organization. Investment ratings by investment type are included in the preceding summary of investments.
Concentration risk – The District places no limit on the amount the District may invest in any one issuer.

Interest rate risk – The District does not have a formal policy that limits investment maturities as a means of managing exposure to fair value losses arising from increasing interest rates.
However, the Bond Indentures limit the type of investments held using unspent proceeds.

Fair Value Measurement – When applicable, the District measures and records its investments using fair value measurement guidelines established in accordance with GASB Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.
These guidelines recognize a three-tiered fair value hierarchy, in order of highest priority, as follows:
Level 1:	Investments whose values are based on unadjusted quoted prices for identical investments in active markets that the District has the ability to access;
Level 2: Investments whose inputs - other than quoted market prices - are observable either directly or indirectly; and,
Level 3: Investments whose inputs are unobservable.
The fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the entire fair value measurement. Valuation techniques used should maximize the use of observable inputs and minimize the use of unobservable inputs.
Money market investments that have a maturity at the time of purchase of one year or less and are held by governments other than external investment pools should be measured at amortized cost. Accordingly, the District’s investments have been reported at amortized cost above.
NOTE 5 – INTERFUND TRANSFERS

Interfund transfers for the fiscal year ended September 30, 2023 were as follows:

 Fund	Transfer in	Transfer out 
General	$	-	$	49,904	
Capital projects		49,904	-		
Total	 $	49,904	$	49,904 	

Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the general fund to the capital projects fund were made in order to fund the capital reserves.

Governmental activities
Capital assets, being depreciated

Beginning Balance

Additions	Reductions

Ending Balance

Infrastructure	$	3,875,022	$	-	$	-	$	3,875,022	
Recreational	430,558	-	-	430,558	
Financed purchase assets - equipment	66,562	-	-	66,562	
Total capital assets, being depreciated	4,372,142	-	-	4,372,142	

Less accumulated depreciation for:			
Infrastructure	129,167	129,167	-	258,334	
Recreation	21,528	21,528	-	43,056	
Financed purchase assets - equipment	13,312	13,312	-	26,624	
Total accumulated depreciation	164,007	164,007	-	328,014	

Total capital assets, being depreciated, net	
4,208,135	
(164,007)	
-	4,044,128	

Governmental activities capital assets, net	
$	4,208,135	
$	(164,007)	
$	-	$	4,044,128	

Depreciation expense was charged to function/programs as follows:

Maintenance and operation	$	129,167	
Recreation		34,840		
Total depreciation expense	  $	164,007		

NOTE 7 – LONG TERM LIABILITIES
On May 16, 2019, the District issued $7,025,000 of Special Assessment Revenue Bonds, Series 2019 consisting of multiple term bonds with due dates ranging from May 1, 2021 - May 1, 2050 and fixed interest rates ranging from 3.8% to 4.75%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid on each May 1 and November 1 commencing on November 1, 2019. Principal on the Bonds is to be paid serially commencing on May 1, 2021 through May 1, 2050.

The Bonds are subject to redemption at the option of the District prior to their maturity. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.
The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2023.

Changes in long-term liability activity for the fiscal year ended September 30, 2023 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities
Series 2019	
$  6,505,000	
$	-	$	
120,000	
$  6,385,000	
$	125,000	
Financed purchase - note payable	55,691	-	12,494	43,197	14,360	
	$  6,560,691	$	-	$	132,494	$  6,428,197	$	139,360	

Year ending

	Governmental Activities	

 September 30:	Principal	Interest	Total	
2024	$	125,000	$	294,344	$	419,344	
2025	130,000	289,594	419,594	
2026	135,000	284,394	419,394	
2027	140,000	278,994	418,994	
2028	145,000	273,394	418,394	
2029-2033	840,000	1,267,613	2,107,613	
2034-2038	1,050,000	1,056,063	2,106,063	
2039-2043	1,335,000	786,538	2,121,538	
2044-2048	1,685,000	437,950	2,122,950	
2049-2052		800,000	57,475	857,475 	
Total	 $	6,385,000	$ 5,026,359	$ 11,411,359 	

NOTE 8 – FINANCED PURCHASE ASSETS

The District entered into a financed purchase agreement for the use of certain playground equipment. The agreement will expire on May 1, 2026 and required monthly fixed payment is $1,626. The District has the option to purchase the equipment prior to the expiration of the agreement term.
The scheduled payments for years ending after September 30, 2023 are as follows:

Year ending
September 30:	
Principal	
Interest	Total
payments	
2024	$	14,360	$	5,152	$	19,512	
2025	16,505	3,007	19,512	
2026	12,332	657	12,989	
Total	$	43,197	$	8,816	$	52,013	

NOTE 9 - MANAGEMENT COMPANY
The District has contracted with a management company to perform services which include financial and accounting advisory services. Certain employees of the management company also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 10 - RISK MANAGEMENT

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

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

	
Budgeted
	Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES
Assessments	
$	446,207	
$	449,037	
$	2,830	
Total revenues	446,207	449,037	2,830	

EXPENDITURES
Current:
General government	128,712	92,677	36,035	
Maintenance and operations	153,403	136,282	17,121	
Recreation	114,092	87,443	26,649	
Debt service:
Principal	
-	
12,494	
(12,494)	
Interest	-	7,018	(7,018)	
Total expenditures	396,207	335,914	60,293	

Excess (deficiency) of revenues over (under) expenditures	

50,000	

113,123	

63,123	

OTHER FINANCING SOURCES (USES)
Transfer out	

(50,000)	

(49,904)	

96	
Total other financing sources (uses)	(50,000)	(49,904)	96	

Net change in fund balance	
  $	-		
63,219  $	63,219 	
Fund balance - beginning			174,795 	
Fund balance - ending		 $	238,014 	

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

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

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2023.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s fiscal year being reported.	0	
Number of independent contractors compensated to whom nonemployee compensation was paid in the last month of the District’s fiscal year being reported.	
10	
Employee compensation	0	
Independent contractor compensation	$335,476	
Construction projects to begin on or after October 1; ($65K)	Not applicable	

Budget variance report	See the Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget and Actual - General Fund	
Ad Valorem taxes;	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate	Operations and maintenance - $1,386.69
Debt service - $1,303.76	
Special assessments collected	$871,220	
Outstanding Bonds:	see Note 7 for details	

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

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS
To the Board of Supervisors
Lucerne Park Community Development District City of Winter Haven, Florida
We have audited, in accordance with the auditing standards generally accepted in the United States of America and the standards applicable to financial audits contained in Government Auditing Standards issued by the Comptroller General of the United States, the financial statements of the governmental activities and each major fund of Lucerne Park Community Development District, City of Winter Haven, Florida (“District”) as of and for the fiscal year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 4, 2024.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.

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

June 4, 2024

INDEPENDENT AUDITOR’S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10) OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA
To the Board of Supervisors
Lucerne Park Community Development District City of Winter Haven, Florida
We have examined Lucerne Park Community Development District, City of Winter Haven, Florida’s (“District”) compliance with the requirements of Section 218.415, Florida Statutes, in accordance with Rule 10.556(10) of the Auditor General of the State of Florida during the fiscal year ended September 30, 2023. Management is responsible for District’s compliance with those requirements. Our responsibility is to express an opinion on District’s compliance based on our examination.

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

We are required to be independent and to meet our other ethical responsibilities in accordance with relevant ethical requirements relating to the examination engagement.

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2023.
This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Lucerne Park Community Development District, City of Winter Haven, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 4, 2024

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA
To the Board of Supervisors
Lucerne Park Community Development District City of Winter Haven, Florida
Report on the Financial Statements

We have audited the accompanying basic financial statements of Lucerne Park Community Development District, City of Winter Haven, Florida ("District") as of and for the fiscal year ended September 30, 2023, and have issued our report thereon dated June 4, 2024.
Auditor’s Responsibility

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

We have issued our Independent Auditor’s Report on Internal Control over Financial Reporting and on Compliance and Other Matters based on an audit of the financial statements performed in accordance with Government Auditing Standards; and Independent Accountant’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 4, 2024, should be considered in conjunction with this management letter.
Purpose of this Letter

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

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

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

June 4, 2024

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None
COMPLIANCE WITH THE PROVISIONS OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA

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

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.
There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2022.
Any recommendations to improve the local governmental entity's financial management.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2023.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2023.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2023. It is management’s responsibility to monitor financial condition, and our financial condition assessment was based in part on representations made by management and the review of financial information provided by same.

Management has provided the specific information required by Section 218.39(3)(c) in the Other Information section of the financial statements on page 23.

Section VI

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 24, 2024

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	

June 6, 2024

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 31, 2025. 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 24, 2024

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Account	1.715063%	34,090.36	(72,985.19)	
Reserve Account	1.445183%	22,035.78	(56,253.71)	
Interest Account	1.454984%	3,063.39	(8,351.47)	
Cost of Issuance Account	1.836318%	5.07	(9.77)	
Totals	1.591542%	$59,194.60	$(137,600.14)	
Bond Yield	4.695610%		
Rebate Computation Credits	(10,296.10)	
Net Rebatable Arbitrage	$(147,896.24)	

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 24, 2024, the Computation Date. 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 24, 2024, 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 24, 2024, the Computation Date.

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 24, 2024, 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	
06/02/23		830.10	868.64	
07/05/23		812.49	846.60	
08/02/23		848.90	881.47	
09/05/23		881.41	911.34	
10/03/23		853.53	879.33	
11/02/23		883.72	907.04	
12/04/23		857.21	876.21	
12/22/23		0.21	0.21	
01/03/24		885.51	901.75	
02/02/24		881.24	894.06	
03/04/24		820.95	829.46	
04/02/24		875.73	881.62	
05/02/24		845.65	848.05	
05/24/24	Bal	210,021.88	210,021.88	
05/24/24	Acc	676.52	676.52	
05/24/24	TOTALS:	22,035.78	-56,253.71	

ISSUE DATE:	05/24/19	REBATABLE ARBITRAGE:	-56,253.71	
COMP DATE:	05/24/24	NET INCOME:	22,035.78	
BOND YIELD: 4.695610%	TAX INV YIELD:	1.445183%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	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
FUTURE VALUE @
RECEIPTS	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		-2,070.00	-2,070.00	
05/24/24	TOTALS:	-9,400.00	-10,296.10	

ISSUE DATE:	05/24/19	REBATABLE ARBITRAGE: -10,296.10 COMP DATE:	05/24/24
BOND YIELD: 4.695610%

Section VII

Section B

Section 1

MEMORANDUM
Date:	May 13, 2024
To:	Rey Malave, District Engineer, Dewberry
From:	Nadine Johnson, Staff Environmental Scientist, Dewberry
Subject: Lucerne Park Community Development District (CDD)
Annual Inspection Results (May 2024); SWFWMD Permit No. 43-43300-1

Introduction
This report provides the findings of a stormwater inspection for proper operation and maintenance of the Lucerne Park CDD stormwater management system conducted on May 1, 2024. The inspection and this report are specific to the system constructed in accordance with Southwest Florida Water Management District (SWFWMD) Permit No. 43-43300-1.
The following report summarizes the findings of the inspection and includes recommendations for action items. The report also contains a 2024 Annual Stormwater Inspection Results Map (Attachment 1) and a Lucerne Park CDD Photo Log (Attachment 2) depicting aspects of the stormwater management system that were inspected and require attention.
Report Recommendations
Lucerne Park: SWFWMD Permit Number 43-43300-1

The findings from the observations during the site inspection are listed below and displayed on the attached 2024 Annual Stormwater Inspection Results Map (Attachment 1). These measures should be scheduled and performed as soon as possible to ensure the system is functioning as permitted:

Location	Type	Condition	Comments	
Tract A	MES 19	2 - Poor	Overgrown vegetation	
Tract D	MES 07	2 - Poor	Overgrown vegetation	
Tract D	DS 52	2 - Poor	Erosion; grate is not resting flat on structure	
Tract H	MES 11	2 - Poor	Cracked structure	
Tract G	MES 13	2 - Poor	Overgrown vegetation	

Attachments
Attachment 1. 2024 Annual Stormwater Inspection Results Map Attachment 2. Lucerne Park CDD Photo Log

S

Tract A
MES 19

Royal Hills

Old Lucerne Park Rd

Andreas St

Forest Ridge

Legend
Project Boundary CDD Owned Ponds

r

D

Stormwater Structure Control Structure Mitered End Section

Path: Q:\Lucerne Park CDD - 50143604\Adm\Reports\Stormwater\Maps\2024\2024_Annual_Stormwater_Inspection_Results_Map.aprx

Tract D
MES 07

Mea

DS 52

Tract H

MES 11

Tract G

MES 03

Cambridge Dr

Maxar, Microsoft, Esri Community Maps Contributors, University of South Florida, FDEP, © OpenStreetMap, Microsoft, Esri, TomTom, Garmin, SafeGraph, GeoTechnologies, Inc, METI/NASA,
USGS, EPA, NPS, US Census Bureau, USDA, USFWS

Feet

2024 Annual Stormwater Inspection Results Map
Lucerne Park CDD
Polk County, Florida

¯
Data Source: Dewberry Image Source: ESRI

0	215	430

PHOTO LOG

Lucerne Park CDD Photo Log
05 / 01 / 2024	SFWMD Permit No. 43 - 43300 - 1	

Photo 1 Location: Tract A Structure: MES 19
Condition: 2 - Poor
Comments: Overgrown vegetation		

Photo 2 Location: Tract D Structure: MES 07
Condition: 2 - Poor
Comments: Overgrown vegetation		

Photo 3 Location: Tract D Structure: DS 52
Condition: 2 - Poor
Comments: Erosion; grate is not resting flat on structure		

Photo 4 Location: Tract H Structure: MES 11
Condition: 2 - Poor
Comments: Cracked structure		

Photo 5 Location: Tract G Structure: MES 13
Condition: 2 - Poor
Comments: Overgrown vegetation		

Section 2

Sent Via Email: tadams@gmscfl.com

June 5, 2024

Ms. Tricia Adams District Manager
Lucerne Park Community Development District c/o Governmental Management Services
219 East Livingston Street Orlando, Florida 32801
Subject:	District Engineers Report - 2024
Lucerne Park Community Development District Bond Series 2019
Section 9.21 of the Master Trust Indenture

Dear Ms. Adams:
In accordance with Section 9.21 of the Master Trust Indenture for the Lucerne Park Community Development District (CDD), we have completed our annual review of the portions of the project within this CDD as constructed to date. We find, based on said inspection and our knowledge of the community, that those portions of the infrastructure are being maintained in reasonably good repair.

We have reviewed the Operation and Maintenance budget for the Fiscal Year 2025 and believe that it is sufficient for the proper operation and maintenance of the Lucerne Park CDD.
In addition, and in accordance with this Section 9.21 of the Master Trust Indenture, we have reviewed the current limits of insurance coverage and we believe that this is adequate for the community.

Should you have any questions or require additional information, please contact me at (321) 354-9656. Sincerely,

Reinardo Malavé, P.E. District Engineer
Lucerne Park Community Development District
RM:ap
Q:\Lucerne Park CDD - 50143604\Adm\Reports\Annual Engineer's Report\District Engineer’s Report 2024 Bond Series 2019_06- 05-2024

Section C

dw

Lucerne Park CDD
Field Management Report

June 20, 2024
Marshall Tindall
Field Services Manager GMS

Amenity Review

Pool facilities have been well maintained.
Additional janitorial service was arranged for the memorial day weekend.
Supplemental ant treatments were arranged at the playground.
Other minor maintenance is on schedule.

Landscaping Review

Landscapers have kept district areas clean and well kept. Hadges are and trees are trimmed.
Irrigation was adjusted some to help cope with the season.
Plant beds are neat and tidy.
Recent rains have helped unirrigated Bahia areas to recover form dry weather streak.
Coordinating nneded plant fill ins and touchups at entrance and amenity with landscaper.

3

Lucerne Park CDD Field Management Report | 2024

#3

#2

Storm drain reviews.

Review of engineer’s report items as well as staff general review.
Noting any areas that need maintenance and planning accordingly.
Lanscaper has cleaned up vegetation. Equipment will be coordinated to address some areas where drains need some sediment removal.
Drain grate was reseated at structure DS_52

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 D

Section 1

Lucerne Park Community Development District

Summary of Check Register

April 6, 2024 through June 6, 2024

Fund	Date	Check No.'s	Amount

General Fund		
	4/9/24	587-589	$	6,575.42	
	4/16/24	590-593	$	15,980.69	
	4/23/24	594-598	$	920.00	
	4/30/24	599	$	1,454.29	
	5/8/24	600-603	$	6,451.43	
	5/14/24	604-608	$	14,803.43	
	5/21/24	609	$	1,379.87	
	5/28/24	610	$	838.25	
	6/5/24	611-615	$	5,071.00	

Total Amount	$	53,474.38

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/13/24	PAGE	1
*** CHECK DATES 04/06/2024 - 06/06/2024 ***	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	#
4/09/24 00030	3/29/24 11981	202403 330-57200-46700	*	1,295.00
CLEANING SERVICES MAR24
CLEAN STAR SERVICES OF CENTRAL FL	1,295.00 000587
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/24 00027	4/01/24 22459	202404 330-57200-46300	*	1,880.00
POOL MAINTENANCE APR24
MCDONNELL CORPORATION DBA RESORT	1,880.00 000588
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/09/24 00019	4/01/24 12192	202404 320-53800-46200	*	3,400.42
LANDSCAPE MAINT APR24
PRINCE & SONS INC.	3,400.42 000589
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/16/24 00053	3/31/24 00063351 202403 310-51300-48000	*	742.45
NOT OF RULE DEV/RULEMAKIN
GANNETT MEDIA CORP DBA GANNETT	742.45 000590
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/16/24 00007	4/01/24 209	202404 310-51300-34000	*	3,343.67
MANAGEMENT FEES APR24
4/01/24 209	202404 310-51300-35200	*	100.00
WEBSITE ADMIN APR24
4/01/24 209	202404 310-51300-35100	*	150.00

	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	
	4/01/24	

INFORMATION TECH APR24
209	202404 310-51300-31300	*	416.67
DISSEMINATION SVCS APR24
209	202404 330-57200-12000	*	437.50
AMENITY ACCESS APR24
209	202404 310-51300-51000	*	.51
OFFICE SUPPLIES APR24
209	202404 310-51300-42000	*	24.50
POSTAGE APR24
209	202404 310-51300-42500	*	2.55
COPIES APR24
210	202404 320-53800-12000	*	1,325.00
FIELD MANAGEMENT APR24
GOVERNMENTAL MANAGEMENT SERVICES	5,800.40 000591
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/16/24 00023	4/12/24 04122024 202404 300-20700-10000	*	5,374.29
TXFER OF TAX RCPTS S2019
LUCERNE PARK CDD / US BANK	5,374.29 000592
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/16/24 00046	3/31/24 11677295 202403 330-57200-34500	*	4,063.55
SECURITY SVCS MAR24
SECURITAS SECURITY	4,063.55 000593
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/23/24 00039	4/18/24 BH041820 202404 310-51300-11000	*	200.00
SUPERVISOR FEE 04/18/24
BOBBIE HENLEY	200.00 000594
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LUCP LUC PARK CDD	ZYAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/13/24	PAGE	2
*** CHECK DATES 04/06/2024 - 06/06/2024 ***	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	#
4/23/24 00047	4/18/24 EC041820 202404 310-51300-11000	*	200.00
SUPERVISOR FEE 04/18/24
EMILY CASSIDY	200.00 000595
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/23/24 00049	4/18/24 JK041820 202404 310-51300-11000	*	200.00
SUPERVISOR FEE 04/18/24
JESSICA KOWALSKI	200.00 000596
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/23/24 00050	4/18/24 KC041820 202404 310-51300-11000	*	200.00
SUPERVISOR FEE 04/18/24
KRISTIN CASSIDY	200.00 000597
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/23/24 00027	4/22/24 22596	202404 330-57200-46000	*	120.00
REPLACED TORO VALVE
MCDONNELL CORPORATION DBA RESORT	120.00 000598
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/30/24 00034	4/25/24 9165	202403 310-51300-31500	*	1,454.29
GENERAL COUNSEL MAR24
KILINSKI VAN WYK, PLLC	1,454.29 000599
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/08/24 00015	2/05/24 25126	202402 310-51300-32200	*	3,800.00
AUDIT FYE 09/30/2023
GRAU AND ASSOCIATES	3,800.00 000600
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/08/24 00007	3/29/24 214	202403 330-57200-46000	*	825.43
AMENITY REPAIRS MAR24
GOVERNMENTAL MANAGEMENT SERVICES	825.43 000601
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/08/24 00050	4/30/24 KC043020 202404 310-51300-11000	*	200.00
SUPERVISOR FEE 04/30/24
KRISTIN CASSIDY	200.00 000602
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/08/24 00032	5/07/24 05072024 202405 300-15500-10000	*	1,626.00
EQUIPMENT LEASE JUN24
WHFS, LLC	1,626.00 000603
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00030	4/30/24 12210	202404 330-57200-46700	*	1,275.00
CLEANING SERVICES APR24
CLEAN STAR SERVICES OF CENTRAL FL	1,275.00 000604
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00007	5/01/24 212	202405 310-51300-34000	*	3,343.67
MANAGEMENT FEES MAY24
5/01/24 212	202405 310-51300-35200	*	100.00
WEBSITE ADMIN MAY24
5/01/24 212	202405 310-51300-35100	*	150.00
INFORMATION SVCS MAY24
LUCP LUC PARK CDD	ZYAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/13/24	PAGE	3
*** CHECK DATES 04/06/2024 - 06/06/2024 ***	LUCERNE PARK - GENERAL
BANK A LUCERNE PARK CDD

DATE	DATE	
	5/01/24	
	5/01/24	
	5/01/24	
	5/01/24	
	5/01/24	
	5/01/24	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
212	202405 310-51300-31300	*	416.67
DISSEMINATION SVCS MAY24
212	202405 330-57200-12000	*	437.50
AMENITY ACCESS MAY24
212	202405 310-51300-51000	*	.60
OFFICE SUPPLIES MAY24
212	202405 310-51300-42000	*	18.22
POSTAGE MAY24
212	202405 310-51300-42500	*	1.35
COPIES MAY24
213	202405 320-53800-12000	*	1,325.00
FIELD MANAGEMENT MAY24
GOVERNMENTAL MANAGEMENT SERVICES	5,793.01 000605
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00027	5/01/24 22762	202405 330-57200-46300	*	1,880.00
POOL MAINTENANCE MAY24
MCDONNELL CORPORATION DBA RESORT	1,880.00 000606
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00019	5/01/24 12502	202405 320-53800-46200	*	3,400.42
LANDSCAPE MAINT MAY24
PRINCE & SONS INC.	3,400.42 000607
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/24 00046	4/30/24 11714037 202404 330-57200-34500	*	2,455.00
SECURITY SVCS APR24
SECURITAS SECURITY	2,455.00 000608
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/21/24 00034	5/15/24 9422	202404 310-51300-31500	*	1,379.87
GENERAL COUNSEL APR24
KILINSKI VAN WYK, PLLC	1,379.87 000609
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/28/24 00053	4/30/24 00063986 202404 310-51300-48000	*	838.25
RULE MAKING/ETHICS TRAING
GANNETT MEDIA CORP DBA GANNETT	838.25 000610
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/05/24 00030	5/27/24 12420	202405 330-57200-46700	*	1,335.00

	CLEAN STAR SERVICES OF CENTRAL		FL											1,335.00	000611	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - -		- -	-	-	- -	-	-	-	-	-	-	- - - -	- - - - -	- - -	
6/05/24 00042	5/30/24 22409431	202404 310-51300-31100					*							475.00			
	GENERAL	ENGINEERING APR24															
		DEWBERRY ENGINEERS INC.													475.00	000612	
- - - - - - - -	- - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - -		- -	-	-	- -	-	-	-	-	-	-	- - - -	- - - - -	- - -	
6/05/24 00007	4/30/24 215	202404 320-53800-47000					*							695.00			
	GENERAL	MAINTENANCE APR24															
	4/30/24 215	202404 330-57200-46000					*							740.00			
	AMENITY	REPAIRS APR24															

CLEANING SVCS MAY24

GOVERNMENTAL MANAGEMENT SERVICES	1,435.00 000613
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LUCP LUC PARK CDD	ZYAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/13/24	PAGE	4
*** CHECK DATES 04/06/2024 - 06/06/2024 ***	LUCERNE PARK - GENERAL

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	NAME		STATUS		AMOUNT	....CHECK..... AMOUNT	#	
6/05/24 00049	5/30/24 JK053020 202405 310-51300-11000
JESSICA KOWALSKI			*		200.00	
200.00 000614	
- - - - - - - - 6/05/24 00032	- - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/04/24 06042024 202406 300-15500-10000
WHFS, LLC	- - -	- - - - -	- - - -
*	- - - - -	- - - - -	- - - - - - - -

1,626.00 000615	
- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - -	- - - - -	- - - -	- - - - -	- - - - -	- - - - - - - -	

BANK A LUCERNE PARK CDD

SUPERVISOR FEE 05/30/24

EQUIPMENT LEASE JUL24

1,626.00

TOTAL FOR BANK A	53,474.38
TOTAL FOR REGISTER	53,474.38

LUCP LUC PARK CDD	ZYAN

Section 2

Lucerne Park
Community Development District

Unaudited Financial Reporting
April 30,2024

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2019	

5	
	Capital Reserve Fund	

6-7	
	Month to Month	

8	
	Long Term Debt Report	

9	
	Assessment Receipt Schedule	

Lucerne Park
Community Development District Combined Balance Sheet
April 30, 2024

	General Fund	Debt Service Fund	Capital Reserve Fund	Totals Governmental Funds	
Assets:
Cash:
Operating Account	

$	490,677	

$	

-	$	-	

$	490,677	
Money Market Account	$	-	$	-	$	51,420	$	51,420	
Investments: Series 2019
Reserve	$	-	$	210,022	$	-	$	210,022	
Revenue	$	-	$	479,400	$	-	$	479,400	
Prepayment	$	-	$	2,050	$	-	$	2,050	
Prepaid Expenses	$	1,626	$	-	$	-	$	1,626	
Total Assets	$	492,303	$	691,472	$	51,420	$	1,235,194	

Liabilities:
Accounts Payable	

$	12,684	

$	-	$	-	$	12,684	
Total Liabilites	$	12,684	$	-	$	-	$	12,684	

Fund Balance:
Deposits and Prepaid Items	

$	1,626	

$	-	$	-	$	1,626	
Restricted for:
Debt Service 2019	
$	-	
$	691,472	
$	-	
$	691,472	
Unassigned	$	477,993	$	-	$	51,420	$	529,413	
Total Fund Balances	$	479,619	$	691,472	$	51,420	$	1,222,511	
					
Total Liabilities & Fund Balance	$	492,303	$	691,472	$	51,420	$	1,235,194	

Revenues:		
Assessments	$	446,207	$	445,366	$	445,366	$	-	
Total Revenues	$	446,207	$	445,366	$	445,366	$	-	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	12,000	$	7,000	$	3,400	$	3,600	
Engineering	$	20,000	$	11,667	$	750	$	10,917	
Attorney	$	25,000	$	14,583	$	8,502	$	6,081	
Annual Audit	$	4,800	$	3,800	$	3,800	$	-	
Assessment Administration	$	5,000	$	5,000	$	5,000	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,000	$	2,917	$	2,917	$	(0)	
Trustee Fees	$	4,337	$	2,478	$	2,478	$	-	
Management Fees	$	40,124	$	23,406	$	23,406	$	0	
Information Technology	$	1,800	$	1,050	$	1,050	$	-	
Website Administration	$	1,200	$	700	$	700	$	-	
Postage & Delivery	$	900	$	525	$	261	$	264	
Insurance	$	6,586	$	6,586	$	6,197	$	389	
Copies	$	500	$	292	$	17	$	275	
Legal Advertising	$	3,000	$	1,750	$	2,217	$	(467)	
Other Current Charges	$	1,000	$	583	$	279	$	305	
Office Supplies	$	350	$	204	$	3	$	201	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Subtotal General & Administrative	$	132,222	$	82,716	$	61,151	$	21,565	

Operations & Maintenance		
Field Services
Property Insurance	

$	13,886	

$	13,886	

$	14,264	

$	(378)	
Field Management	$	15,900	$	9,275	$	9,275	$	-	
Landscape Maintenance	$	45,800	$	26,717	$	23,803	$	2,914	
Landscape Replacement	$	15,000	$	8,750	$	-	$	8,750	
Streetlights	$	38,473	$	22,443	$	20,672	$	1,771	
Electric	$	5,000	$	2,917	$	501	$	2,415	
Water & Sewer	$	3,500	$	2,042	$	621	$	1,420	
Sidewalk & Asphalt Maintenance	$	2,500	$	1,458	$	-	$	1,458	
Irrigation Repairs	$	7,500	$	4,375	$	231	$	4,144	
General Repairs & Maintenance	$	10,000	$	5,833	$	3,646	$	2,187	
Contingency	$	7,500	$	4,375	$	-	$	4,375	
Subtotal Field Expenditures	$	165,059	$	102,070	$	73,014	$	29,056	

Amenity Expenditures
Amenity - Electric	

$	6,000	

$	3,500	

$	5,147	

$	(1,647)	
Amenity - Water	$	6,000	$	3,500	$	2,265	$	1,235	
Playground Lease	$	19,512	$	11,382	$	11,382	$	0	
Internet	$	2,000	$	1,167	$	1,126	$	40	
Pest Control	$	600	$	350	$	-	$	350	
Janitorial Service	$	15,300	$	8,925	$	8,345	$	580	
Security Services	$	32,000	$	18,667	$	19,804	$	(1,138)	
Pool Maintenance	$	19,800	$	11,550	$	13,280	$	(1,730)	
Amenity Repairs & Maintenance	$	10,000	$	5,833	$	5,184	$	649	
Amenity Access Management	$	5,250	$	3,063	$	3,063	$	-	
Contingency	$	8,500	$	4,958	$	-	$	4,958	
Subtotal Amenity Expenditures	$	124,962	$	72,895	$	69,596	$	3,298	
					
Total Expenditures	$	422,244	$	257,681	$	203,761	$	53,920	
					
Excess (Deficiency) of Revenues over Expenditures	$	23,963		$	241,605		

Other Financing Sources/(Uses):					
Transfer In/(Out) - Capital Reserves	$	(23,963)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(23,963)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	0		$	241,605		
					
Fund Balance - Beginning	$	-		$	238,015		
					
Fund Balance - Ending	$	0		$	479,619		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 04/30/24	Thru 04/30/24	Variance	

Revenues:					
Assessments	$	419,524	$	418,731	$	418,731	$	-	
Interest	$	-	$	-	$	12,170	$	12,170	
Total Revenues	$	419,524	$	418,731	$	430,901	$	12,170	

Expenditures:					
Interest - 11/1	$	147,172	$	147,172	$	147,172	$	-	
Principal - 5/1	$	125,000	$	-	$	-	$	-	
Interest - 5/1	$	147,172	$	-	$	-	$	-	
Total Expenditures	$	419,344	$	147,172	$	147,172	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	180		$	283,729		
					
Fund Balance - Beginning	$	194,881		$	407,742		
					
Fund Balance - Ending	$	195,061		$	691,472		

Adopted	Prorated Budget	Actual	
Budget	Thru 04/30/24	Thru 04/30/24	Variance	

Revenues

Interest	

$	-	

$	

-	$	1,435	

$	1,435	
Total Revenues	$	-	$	-	$	1,435	$	1,435	

Expenditures:

Capital Outlay	

$	-	

$	

-	$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	-		$	1,435		

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	23,963	

$	

-	$	-	

$	-	
Total Other Financing Sources (Uses)	$	23,963	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	23,963		$	1,435		
					
Fund Balance - Beginning	$	70,000		$	49,985		
					
Fund Balance - Ending	$	93,963		$	51,420		

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

Revenues:														
Assessments	$	-	$	3,914  $	435,736  $	(1,024)	$	1,332  $	2,691  $	2,718	$	-	$	-	$	-	$	-	$	-  $	445,366	
Total Revenues	$	-	$	3,914  $	435,736	$	(1,024)	$	1,332  $	2,691	$	2,718	$	-	$	-	$	-	$	-	$	-	$  445,366	

Expenditures:							
General & Administrative:							
Supervisor Fees	$	600	$	800  $	(200)	$	-	$	600  $	600	$	1,000	$	-  $	-  $	-  $	-  $	-  $	3,400	
Engineering	$	55	$	55  $	-	$	-	$	165  $	-	$	475	$	-  $	-  $	-  $	-  $	-  $	750	
Attorney	$	1,215	$	2,190  $	250	$	627	$	1,387  $	1,454	$	1,380	$	-  $	-  $	-  $	-  $	-  $	8,502	
Annual Audit	$	-	$	-  $	-	$	-	$	3,800  $	-	$	-	$	-  $	-  $	-  $	-  $	-  $	3,800	
Assessment Administration	$	5,000	$	-  $	-	$	-	$	-  $	-	$	-	$	-  $	-  $	-  $	-  $	-  $	5,000	
Arbitrage	$	-	$	-  $	-	$	-	$	-  $	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	417	$	417  $	417	$	417	$	417  $	417	$	417	$	-  $	-  $	-  $	-  $	-  $	2,917	
Trustee Fees	$	2,478	$	-  $	-	$	-	$	-  $	-	$	-	$	-  $	-  $	-  $	-  $	-  $	2,478	
Management Fees	$	3,344	$	3,344  $	3,344	$	3,344	$	3,344  $	3,344	$	3,344	$	-  $	-  $	-  $	-  $	-  $	23,406	
Information Technology	$	150	$	150  $	150	$	150	$	150  $	150	$	150	$	-  $	-  $	-  $	-  $	-  $	1,050	
Website Administration	$	100	$	100  $	100	$	100	$	100  $	100	$	100	$	-  $	-  $	-  $	-  $	-  $	700	
Postage & Delivery	$	37	$	9  $	4	$	161	$	10  $	16	$	25	$	-  $	-  $	-  $	-  $	-  $	261	
Insurance	$	6,197	$	-  $	-	$	-	$	-  $	-	$	-	$	-  $	-  $	-  $	-  $	-  $	6,197	
Copies	$	-	$	2  $	11	$	-	$	-  $	1	$	3	$	-  $	-  $	-  $	-  $	-  $	17	
Legal Advertising	$	393	$	243  $	-	$	-	$	-  $	742	$	838	$	-  $	-  $	-  $	-  $	-  $	2,217	
Other Current Charges	$	39	$	39  $	39	$	39	$	41  $	41	$	41	$	-  $	-  $	-  $	-  $	-  $	279	
Office Supplies	$	0	$	0  $	0	$	0	$	0  $	1	$	1	$	-  $	-  $	-  $	-  $	-  $	3	
Dues, Licenses & Subscriptions	$	175	$	-  $	-	$	-	$	-  $	-	$	-	$	-  $	-  $	-  $	-  $	-  $	175	
Subtotal General & Administrative	$	20,199	$	7,348  $	4,114	$	4,837	$	10,014  $	6,866	$	7,772	$	-  $	-  $	-  $	-  $	-  $	61,151	

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

$	14,264  $
$	1,325  $
$	3,400  $
$	-  $
$	2,926  $
$	76  $
$	131  $
$	-  $
$	131  $
$	-  $
$	-  $

-  $
1,325  $
3,400  $
-  $
2,926  $
68  $
101  $
-  $
101  $
1,538  $
-  $

-  $
1,325  $
3,400  $
-  $
2,926  $
69  $
76  $
-  $
-  $
-  $
-  $

-  $
1,325  $
3,400  $
-  $
2,926  $
74  $
119  $
-  $
-  $
380  $
-  $

-  $
1,325  $
3,400  $
-  $
2,990  $
75  $
80  $
-  $
-  $
1,033  $
-  $

-  $
1,325  $
3,400  $
-  $
2,990  $
72  $
55  $
-  $
-  $
-  $
-  $

-  $
1,325  $
3,400  $
-  $
2,990  $
67  $
58  $
-  $
-  $
695  $
-  $

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

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

-  $	14,264
-  $	9,275
-  $	23,803
-  $	-
-  $	20,672
-  $	501
-  $	621
-  $	-
-  $	231
-  $	3,646
-  $	-

Subtotal Field Expenditures	$	22,253  $	9,459  $	7,796  $	8,224  $	8,904  $	7,843  $	8,535  $	-  $	-  $	-  $	-  $	-  $	73,014

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

$	870  $
$	395  $
$	1,626  $
$	157  $
$	-  $
$	720  $
$	2,953  $
$	1,650  $
$	2,249  $
$	-  $
$	438  $
$	-  $

826  $
437  $
1,626  $
157  $
-  $
1,210  $
2,469  $
2,230  $
1,085  $
-  $
438  $
-  $

725  $
463  $
1,626  $
157  $
-  $
1,265  $
2,925  $
1,880  $
165  $
-  $
438  $
-  $

901  $
445  $
1,626  $
157  $
-  $
1,295  $
2,469  $
1,880  $
-  $
-  $
438  $
-  $

839  $
155  $
1,626  $
162  $
-  $
1,285  $
2,469  $
1,880  $
-  $
-  $
438  $
-  $

623  $
185  $
1,626  $
169  $
-  $
1,295  $
4,064  $
1,880  $
825  $
-  $
438  $
-  $

363  $
185  $
1,626  $
169  $
-  $
1,275  $
2,455  $
1,880  $
860  $
-  $
438  $
-  $

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

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

-  $	5,147
-  $	2,265
-  $	11,382
-  $	1,126
-  $	-
-  $	8,345
-  $	19,804
-  $	13,280
-  $	5,184
-  $	-
-  $	3,063
-  $	-

Other Financing Sources/Uses:

Transfer In/(Out) - Capital Reserves

$

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-  $

-

Net Change in Fund Balance	$	(53,509)  $	(23,371)  $	414,183  $	(23,295)  $	(26,439)  $	(23,123)  $	(22,841)  $	-  $	-  $	-  $	-  $	-  $  241,605

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

Excess Revenues (Expenditures)	$	(53,509)  $	(23,371)  $	414,183  $	(23,295)  $	(26,439)  $	(23,123)  $	(22,841)  $	-  $	-  $	-  $	-  $	-  $  241,605

Total Expenditures	$	53,509  $	27,285  $	21,553  $	22,271  $	27,771  $	25,814  $	25,559  $	-  $	-  $	-  $	-  $	-  $  203,761

Subtotal Amenity Expenditures	$	11,057  $	10,477  $	9,642  $	9,210  $	8,853  $	11,106  $	9,252  $	-  $	-  $	-  $	-  $	-  $	69,596

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 2024

ON ROLL ASSESSMENTS

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

11/14/23	
10/1-10/31/23	
$2,690.45	
($107.63)	
($51.66)	
$0.00	
$2,531.16	
$1,304.59	
$1,226.57	
$2,531.16	
11/17/23	11/1-11/5/23	$2,690.45	($107.62)	($51.66)	$0.00	$2,531.17	$1,304.60	$1,226.57	$2,531.17	
11/24/23	11/6-11/12/23	$2,690.45	($107.62)	($51.66)	$0.00	$2,531.17	$1,304.60	$1,226.57	$2,531.17	
12/08/23	11/3-11/22/23	$13,452.25	($538.07)	($258.28)	$0.00	$12,655.90	$6,523.00	$6,132.90	$12,655.90	
12/21/23	11/23-11/30/23	$879,777.15	($35,191.19)	($16,891.72)	$0.00	$827,694.24	$426,603.48	$401,090.76	$827,694.24	
12/29/23	12/1-12/15/23	$5,380.90	($215.25)	($103.31)	$0.00	$5,062.34	$2,609.19	$2,453.15	$5,062.34	
01/01/24	1% Fee Adj	($9,308.96)	$0.00	$0.00	$0.00	($9,308.96)	($4,797.95)	($4,511.01)	($9,308.96)	
01/10/24	12/16-12/31/23	$5,380.90	($215.24)	($103.31)	$0.00	$5,062.35	$2,609.20	$2,453.15	$5,062.35	
01/16/24	Interest	$0.00	$0.00	$0.00	$2,259.29	$2,259.29	$1,164.46	$1,094.83	$2,259.29	
02/09/24	1/1/24-01/31/24	$2,690.45	($53.81)	($52.73)	$0.00	$2,583.91	$1,331.78	$1,252.13	$2,583.91	
03/13/24	02/01/24-02/29/24	$5,380.90	($53.81)	($106.54)	$0.00	$5,220.55	$2,690.73	$2,529.82	$5,220.55	
04/10/24	03/01/24-03/31/24	$8,071.35	($2,690.45)	($107.62)		$5,273.28	$2,717.91	$2,555.37	$5,273.28	
	TOTAL	$	918,896.29	$	(39,280.69)	$	(17,778.49)	$	2,259.29	$	864,096.40	$  445,365.59	$	418,730.81	$	864,096.40	

100%	Net Percent Collected
$1,636.60	Balance Remaining to Collect

Section 3

Memorandum
To: Board of Supervisors From: District Management Date: June 20, 2024
RE:	HB7013 – Special Districts Performance Measures and Standards

To enhance accountability and transparency, new regulations were established for all
special districts, by the Florida Legislature, during their 2024 legislative session. Starting on October 1, 2024, or by the end of the first full fiscal year after its creation (whichever comes later), each special district must establish goals and objectives for each program and activity, as well as develop performance measures and standards to assess the achievement of these goals and objectives. Additionally, by December 1 each year (initial report due on December 1, 2025), each special district is required to publish an annual
report on its website, detailing the goals and objectives achieved, the performance measures and standards used, and any goals or objectives that were not achieved.
District Management has identified the following key categories to focus on for Fiscal Year 2025 and develop statutorily compliant goals for each:
Community Communication and Engagement
Infrastructure and Facilities Maintenance
Financial Transparency and Accountability
Additionally, special districts must provide an annual reporting form to share with the public that reflects whether the goals & objectives were met for the year. District
Management has streamlined these requirements into a single document that meets both the statutory requirements for goal/objective setting and annual reporting.
The proposed goals/objectives and the annual reporting form are attached as exhibit A to this memo. District Management recommends that the Board of Supervisors adopt these goals and objectives to maintain compliance with HB7013 and further enhance their commitment to the accountability and transparency of the District.

Exhibit A:
Goals, Objectives and Annual Reporting Form

Lucerne Park Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2024 – September 30, 2025

 Community Communication and Engagement
Goal 1.1: Public Meetings Compliance
Objective: Hold at least three regular Board of Supervisor meetings per year to conduct CDD related business and discuss community needs.
Measurement: Number of public board meetings held annually as evidenced by meeting minutes and legal advertisements.
Standard: A minimum of three board meetings were held during the Fiscal Year.
Achieved: Yes ☐ No ☐

Goal 1.2: Notice of Meetings Compliance
Objective: Provide public notice of each meeting at least seven days in advance, as specified in Section 190.007(1), using at least two communication methods.
Measurement: Timeliness and method of meeting notices as evidenced by posting to CDD website, publishing in local newspaper and via electronic communication. Standard: 100% of meetings were advertised with 7 days notice per statute on at least two mediums (i.e., newspaper, CDD website, electronic communications).
Achieved: Yes ☐ No ☐

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐

 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per
District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by field manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and final budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and final budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current fiscal year budget with any amendments, and most recent financials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and financials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended fiscal year budget, and most recent agenda package with updated financials.
Achieved: Yes ☐ No ☐

Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent financial audit per statutory
requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing firm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

Chair/Vice Chair:		Date:	 Print Name:	 
Lucerne Park Community Development District

District Manager:		Date:	 Print Name:	 
Lucerne Park Community Development District

Section 4

BOARD OF SUPERVISORS MEETING DATES LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2025
The Board of Supervisors of the Lucerne Park Community Development District will hold their regular meetings for Fiscal Year 2025 on the 3rd Thursday of each month, at the Holiday Inn— Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida 33880, at 9:30 a.m., unless otherwise indicated as follows:

October 17, 2024
November 21, 2024
December 19, 2024
January 16, 2025
February 20, 2025
March 20, 2025
April 17, 2025
May 15, 2025
June 19, 2025
July 17, 2025
August 21, 2025
September 18, 2025

The meetings are open to the public and will be conducted in accordance with the provision of Florida Law for Community Development Districts. The meetings may be continued to a date, time, and place to be specified on the record at the meeting. A copy of the agenda for these meetings may be obtained from Governmental Management Services - Central Florida, LLC, 219
E. Livingston Street, Orlando, Florida 32801 or by calling (407) 841-5524.

There may be occasions when one or more Supervisors or staff will participate by telephone. Pursuant to provisions of the Americans with Disabilities Act, any person requiring special accommodations at this meeting because of a disability or physical impairment should contact the District Office at (407) 841-5524 at least 48 hours prior to the meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800-955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Office.
A person who decides to appeal any decision made at the meeting with respect to any matter considered at the meeting is advised that person will need a record of the proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

District Manager