Lucerne Park 
Community Development District 
Adopted Budget 
FY 2022

1-2 
3-7 
8 
9-10 
11 Capital Reserve Fund 
Series 2019 Amortization Schedule 
Table of Contents 
General Fund 
General Fund Narrative 
Series 2019 Debt Service Fund

Adopted Actuals Projected Projected Adopted 
Budget Thru Next Thru Budget 
Description FY2021 6/30/21 3 Months 9/30/21 FY2022 
Revenues 
Assessments $241,335 $242,682 $0 $242,682 $ 343,614 
Assessments - Lot Closings $0 $750 $0 $750 $0 
Developer Contributions $22,807 $0 $0 $0 $0 
Total Revenues $ 264,142 $ 243,432 $ - $ 243,432 $ 343,614 
Expenditures 
Administrative 
Supervisor Fees $12,000 $3,400 $2,000 $5,400 $12,000 
Engineering $20,000 $0 $5,000 $5,000 $20,000 
Attorney $25,000 $9,199 $9,500 $18,699 $25,000 
Annual Audit $4,500 $2,500 $2,000 $4,500 $4,600 
Assessment Administration $5,000 $5,000 $0 $5,000 $5,000 
Arbitrage $450 $450 $0 $450 $450 
Dissemination $5,000 $3,750 $1,250 $5,000 $5,000 
Trustee Fees $3,550 $2,478 $1,072 $3,550 $3,550 
Management Fees $35,000 $26,250 $8,750 $35,000 $36,050 
Information Technology $2,350 $675 $225 $900 $1,800 
Website Administration $0 $0 $0 $0 $1,200 
Telephone $250 $20 $63 $83 $250 
Postage & Delivery $850 $85 $213 $297 $450 
Insurance $5,500 $5,381 $0 $5,381 $5,919 
Printing & Binding $1,000 $18 $250 $268 $800 
Legal Advertising $10,000 $4,826 $5,344 $10,170 $10,000 
Other Current Charges $1,000 $1,327 $795 $2,122 $2,800 
Office Supplies $500 $9 $125 $134 $350 
Travel Per Diem $550 $0 $138 $138 $550 
Dues, Licenses & Subscriptions $175 $175 $0 $175 $175 
Total Administrative $ 132,675 $ 65,545 $ 36,723 $ 102,268 $ 135,944 
Operations & Maintenance 
Field Services 
Property Insurance $5,000 $3,842 $0 $3,842 $12,000 
Field Management $12,500 $6,250 $3,750 $10,000 $15,000 
Landscape Maintenance $27,960 $22,498 $7,380 $29,878 $40,500 
Landscape Replacement $2,500 $0 $625 $625 $7,500 
Streetlights $12,600 $2,121 $2,121 $4,242 $8,000 
Electric $2,000 $17,847 $7,649 $25,496 $20,000 
Water & Sewer $1,000 $7,218 $2,707 $9,925 $12,000 
Sidewalk & Asphalt Maintenance $500 $0 $125 $125 $500 
Irrigation Repairs $2,500 $0 $625 $625 $2,500 
General Repairs & Maintenance $5,000 $838 $4,162 $5,000 $5,000 
Contingency $2,500 $0 $625 $625 $2,500 
Subtotal Field Expenses $ 74,060 $ 60,614 $ 29,769 $ 90,383 $ 125,500 
Community Development District 
General Fund 
Lucerne Park 
1

Adopted Actuals Projected Projected Adopted 
Budget Thru Next Thru Budget 
Description FY2021 6/30/21 3 Months 9/30/21 FY2022 
Community Development District 
General Fund 
Lucerne Park 
Amenity Expenses 
Amenity - Insurance $0 $0 $0 $0 $2,966 
Amenity - Electric $9,600 $0 $0 $0 $14,400 
Amenity - Water $2,560 $0 $0 $0 $3,500 
Playground Lease $7,000 $1,626 $4,878 $6,504 $16,750 
Internet $600 $296 $887 $1,183 $3,000 
Pest Control $480 $0 $0 $0 $720 
Janitorial Service $7,333 $800 $1,200 $2,000 $4,800 
Security Services $3,333 $600 $1,667 $2,267 $7,500 
Pool Maintenance $13,000 $3,030 $5,700 $8,730 $11,500 
Amenity Repairs & Maintenance $1,000 $282 $718 $1,000 $5,000 
Contingency $2,500 $0 $2,500 $2,500 $2,034 
Subtotal Amenity Expenses $ 47,407 $ 6,634 $ 17,549 $ 24,183 $ 72,170 
Total Operations & Maintenance $ 121,467 $ 67,248 $ 47,318 $ 114,566 $ 197,670 
Other Expenses 
Capital Reserves $10,000 $0 $10,000 $10,000 $10,000 
Total Other Expenses $ 10,000 $ - $ 10,000 $ 10,000 $ 10,000 
Total Expenditures $ 264,142 $ 132,792 $ 94,042 $ 226,834 $ 343,614 
Excess Revenues/(Expenditures) $ 0 $ 110,640 $ (94,042) $ 16,598 $ - 
Net Assessments $ 343,614 
Add: Discounts & Collections 7% $25,863 
Gross Assessments $369,477 
Assessable Units 346 
Per Unit Gross Assessment $1,067.86 
2

Lucerne Park 
Community Development District 
GENERAL FUND BUDGET 
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 will be providing 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 will be providing 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. 
3

Lucerne Park 
Community Development District 
GENERAL FUND BUDGET 
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 costs related to the District’s accounting and information systems, District’s 
website creation and maintenance, hosting, electronic compliance with Florida Statutes and 
other electronic data requirements. 
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. 
Telephone 
Telephone and fax machine. 
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. 
Printing & Binding 
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. 
Other Current Charges 
Bank charges and any other miscellaneous expenses incurred during the year. 
4

Lucerne Park 
Community Development District 
GENERAL FUND BUDGET 
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. 
Travel Per Diem 
The Board of Supervisors can be reimbursed for travel expenditures related to the conducting 
of District business. 
Dues, Licenses & Subscriptions 
The District is required to pay an annual fee to the Florida Department of Economic 
Opportunity for $175. This is the only expense under this category for the District. 
Operations & Maintenance: 
Field Services 
Property Insurance 
The District’s property insurance coverages. 
Field Management 
The District has contracted with Governmental Management Services – Central Florida, LLC 
to provide onsite field management of contracts for the District such as landscape 
maintenance. Services can include onsite inspections, meetings with contractors, monitoring 
of utility accounts, attend Board meetings and receive and respond to property owner phone 
calls and emails. 
Landscape Maintenance 
The District has a contract with Prince & Sons, Inc. to maintain the landscaping located within 
the District. These services include monthly landscape maintenance such as mowing of turf 
areas, pruning and trimming, plant bed weed control, fertilization and irrigation inspections. 
Landscape Replacement 
Represents the estimated cost of replacing landscaping within the common areas of the 
District. 
Streetlights 
Represents the cost to maintain street lights within the District Boundaries that are expected 
to be in place throughout the fiscal year. 
Electric 
Represents current and estimated electric charges of common areas throughout the District. 
5

Lucerne Park 
Community Development District 
GENERAL FUND BUDGET 
Water & Sewer 
Represents current and estimated costs for water and refuse services provided for common 
areas throughout the District. 
Sidewalk & Asphalt Maintenance 
Represents the estimated costs of maintaining the sidewalks and asphalt throughout the 
District’s Boundary. 
Irrigation Repairs 
Represents the cost of maintaining and repairing the irrigation system. This includes the 
sprinklers, and irrigation wells. 
General Repairs & Maintenance 
Represents estimated costs for general repairs and maintenance of the District’s common 
areas. 
Contingency 
Represents funds allocated to expenses that the District could incur throughout the fiscal 
year that do not fit into any field category. 
Amenity Expenses 
Amenity - Insurance 
The District’s amenity property insurance coverages. 
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 estimated 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. 
6

Lucerne Park 
Community Development District 
GENERAL FUND BUDGET 
Janitorial Services 
Represents estimated costs to provide janitorial services and supplies for the District’s 
amenity facilities. 
Security Services 
Represents the estimated cost of contracting a monthly security service for the District’s 
amenity facilities. 
Pool Maintenance 
Represents estimated 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. 
Contingency 
Represents funds allocated to expenses that the District could incur throughout the fiscal 
year that do not fit into any amenity category. 
Other Expenses: 
Capital Reserves 
Funds collected and reserved for the replacement of and/or purchase of new capital 
improvements throughout the District. 
7

Adopted Actuals Projected Projected Adopted 
Budget Thru Next Thru Budget 
Description FY2021 6/30/21 3 Months 9/30/21 FY2022 
Revenues 
Assessments $438,072 $421,792 $0 $421,792 $419,524 
Assessments - Lot Closings $0 $4,224 $0 $4,224 $0 
Prepayments $0 $11,284 $0 $11,284 $0 
Interest Income $0 $26 $15 $41 $0 
Carry Forward Surplus $179,830 $196,204 * $0 $196,204 $169,959 
Total Revenues $ 617,902 $ 633,530 $ 15 $ 633,545 $ 589,483 
Expenses 
Interest - 11/1 $154,744 $154,744 $0 $154,744 $151,637 
Special Call - 11/1 $0 $35,000 $0 $35,000 $0 
Special Call - 2/1 $0 $10,000 $0 $10,000 $0 
Interest - 2/1 $0 $116 $0 $116 $0 
Principal - 5/1 $115,000 $110,000 $0 $110,000 $115,000 
Interest - 5/1 $154,744 $153,727 $0 $153,727 $151,637 
Total Expenditures $ 424,488 $ 463,586 $ - $ 463,586 $ 418,274 
Excess Revenues/(Expenditures) $ 193,414 $ 169,944 $ 15 $ 169,959 $ 171,209 
* Carryforward Less Reserve Requirement of $422,302.50 Interest - 11/1/2022 $149,452 
Total $149,452 
Series 2019 
Lucerne Park 
Community Development District 
Debt Service Fund 
8

Lucerne Park 
Community Development District 
Series 2019 Special Assessment Bonds 
Amortization Schedule Date Balance Prinicpal Interest Total 05/01/21 6,730,000.00 $ 110,000.00 $ 153,726.88 $ 11/01/21 6,620,000.00 $ - $ 151,636.88 $ 415,363.75 $ 05/01/22 6,620,000.00 $ 115,000.00 $ 151,636.88 $ 11/01/22 6,505,000.00 $ - $ 149,451.88 $ 416,088.75 $ 05/01/23 6,505,000.00 $ 120,000.00 $ 149,451.88 $ 11/01/23 6,385,000.00 $ - $ 147,171.88 $ 416,623.75 $ 05/01/24 6,385,000.00 $ 125,000.00 $ 147,171.88 $ 11/01/24 6,260,000.00 $ - $ 144,796.88 $ 416,968.75 $ 05/01/25 6,260,000.00 $ 130,000.00 $ 144,796.88 $ 11/01/25 6,130,000.00 $ - $ 142,196.88 $ 416,993.75 $ 05/01/26 6,130,000.00 $ 135,000.00 $ 142,196.88 $ 11/01/26 5,995,000.00 $ - $ 139,496.88 $ 416,693.75 $ 05/01/27 5,995,000.00 $ 140,000.00 $ 139,496.88 $ 11/01/27 5,855,000.00 $ - $ 136,696.88 $ 416,193.75 $ 05/01/28 5,855,000.00 $ 145,000.00 $ 136,696.88 $ 11/01/28 5,710,000.00 $ - $ 133,796.88 $ 415,493.75 $ 05/01/29 5,710,000.00 $ 155,000.00 $ 133,796.88 $ 11/01/29 5,555,000.00 $ - $ 130,696.88 $ 419,493.75 $ 05/01/30 5,555,000.00 $ 160,000.00 $ 130,696.88 $ 11/01/30 5,395,000.00 $ - $ 126,996.88 $ 417,693.75 $ 05/01/31 5,395,000.00 $ 165,000.00 $ 126,996.88 $ 11/01/31 5,230,000.00 $ - $ 123,181.25 $ 415,178.13 $ 05/01/32 5,230,000.00 $ 175,000.00 $ 123,181.25 $ 11/01/32 5,055,000.00 $ - $ 119,134.38 $ 417,315.63 $ 05/01/33 5,055,000.00 $ 185,000.00 $ 119,134.38 $ 11/01/33 4,870,000.00 $ - $ 114,856.25 $ 418,990.63 $ 05/01/34 4,870,000.00 $ 190,000.00 $ 114,856.25 $ 11/01/34 4,680,000.00 $ - $ 110,462.50 $ 415,318.75 $ 05/01/35 4,680,000.00 $ 200,000.00 $ 110,462.50 $ 11/01/35 4,480,000.00 $ - $ 105,837.50 $ 416,300.00 $ 05/01/36 4,480,000.00 $ 210,000.00 $ 105,837.50 $ 
9

Lucerne Park 
Community Development District 
Series 2019 Special Assessment Bonds 
Amortization Schedule Date Balance Prinicpal Interest Total 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 $ 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 $ 6,730,000.00 $ 5,782,260.63 $ 12,512,260.63 $ 
10

Adopted Actuals Projected Projected Adopted 
Budget Thru Next Thru Budget 
Description FY2021 6/30/21 3 Months 9/30/21 FY2022 
Revenues 
Carry Forward Surplus $0 $0 $0 $0 $10,000 
Total Revenues $0 $0 $0 $0 $10,000 
Expenses 
Capital Outlay $0 $0 $0 $0 $0 
Total Expenditures $0 $0 $0 $0 $0 
Other Financing Sources 
Transfer In (Out) $10,000 $0 $10,000 $10,000 $10,000 
Total Other Financing Sources (Uses) $10,000 $0 $10,000 $10,000 $10,000 
Excess Revenues/(Expenditures) $10,000 $0 $10,000 $10,000 $20,000 
Lucerne Park 
Community Development District 
Capital Reserve Fund 
11