Lucerne Park
Community Development District Agenda
June 19, 2025

Agenda

Lucerne Park
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
June 12, 2025
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 19, 2025 at 9:30 AM at the Lake Alfred Public Library, 245 N. Seminole Ave., Lake Alfred, FL 33850.
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/83358498266
Call-In Information: 1 305 224 1968
Meeting ID: 833 5849 8266

Board of Supervisors Meeting

Roll Call
Public Comment Period
Public Hearing
Consideration of Resolution 2025-06 Adopting the District’s Fiscal Year 2026
Budget and Appropriating Funds
Consideration of Resolution 2025-07 Imposing Special Assessments and Certifying an Assessment Roll
Approval of Minutes of the March 20, 2025, Board of Supervisors Meeting
Review and Acceptance of Fiscal Year 2024 Financial Audit Report
Discussion of Status of No Parking/ Standing Signs at Entrance of Community
Staff Reports
Attorney
Engineer
Field Manager’s Report
District Manager’s Report

Approval of Check Register
Balance Sheet & Income Statement
Presentation of Registered Voters- 504
Approval of Fiscal Year 2026 Meeting Schedule
District Goals and Objectives
Adoption of Fiscal Year 2026 Goals & Objectives
Presentation of Fiscal Year 2025 Goals & Objectives Authorizing Chair to Execute
Other Business
Supervisors Requests
Adjournment

Section III

Section A

RESOLUTION 2025-06
THE ANNUAL APPROPRIATION RESOLUTION OF THE LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025, AND ENDING SEPTEMBER 30, 2026; AUTHORIZING BUDGET AMENDMENTS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2025, submitted to the Board of Supervisors (“Board”) of the Lucerne Park Community Development District (“District”) proposed budget (“Proposed Budget”) for the fiscal year beginning October 1, 2025, and ending September 30, 2026 (“Fiscal Year 2026”), 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 (2) 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, 2026.”

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 two (2) years.
SECTION 2. APPROPRIATIONS

There is hereby appropriated out of the revenues of the District, for Fiscal Year 2026, the sum of $	to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board to be necessary to defray all expenditures of the District during said budget year, to be divided and appropriated in the following fashion:
TOTAL GENERAL FUND	$	

DEBT SERVICE FUND (SERIES 2019)	$	 CAPITAL RESERVE FUND	$	
TOTAL ALL FUNDS	$	
SECTION 3. BUDGET AMENDMENTS
Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2026 or within sixty (60) days following the end of the Fiscal Year 2026 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 five (5) days after adoption and remain on the website for at least two (2) years.
SECTION 4. EFFECTIVE DATE. This Resolution shall take effect immediately upon adoption.

PASSED AND ADOPTED THIS 19th DAY OF JUNE 2025.
ATTEST:	LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary

By:	 Its:	

Exhibit A:	Adopted Budget for Fiscal Year 2026

Lucerne Park
Community Development District

Proposed Budget
FY2026

6M3

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	FY2025	4/30/25	5 Months	9/30/25	FY2026	

Revenues						
Assessments	$	446,207  $	441,141	$	5,066	$	446,207	$	446,207	
Interest	$	-	$	1,945	$	1,389	$	3,334	$	1,667	
Other Income	$	-	$	135	$	96	$	231	$	116	
Total Revenues	$	446,207  $	443,220	$	6,552	$	449,772	$	447,990	

Expenditures						
Administrative
Supervisor Fees	

$	12,000  $	

3,000	

$	4,000	

$	7,000	

$	12,000	
FICA Expense	$	-	$	153	$	306	$	459	$	918	
Engineering	$	20,000  $	1,583	$	3,000	$	4,583	$	10,000	
Attorney	$	25,000  $	9,326	$	8,000	$	17,326	$	25,000	
Annual Audit	$	4,800  $	-	$	3,900	$	3,900	$	4,000	
Assessment Administration	$	5,250  $	5,250	$	-	$	5,250	$	5,408	
Arbitrage	$	450  $	-	$	450	$	450	$	450	
Dissemination	$	5,250  $	3,063	$	2,188	$	5,250	$	5,408	
Trustee Fees	$	4,337  $	2,478	$	2,292	$	4,771	$	4,771	
Management Fees	$	45,000  $	26,250	$	18,750	$	45,000	$	46,350	
Information Technology	$	1,890  $	1,103	$	788	$	1,890	$	1,947	
Website Administration	$	1,260  $	735	$	525	$	1,260	$	1,298	
Postage & Delivery	$	900  $	279	$	250	$	529	$	900	
Insurance	$	6,817  $	6,817	$	-	$	6,817	$	8,810	
Copies	$	500  $	80	$	35	$	115	$	500	
Legal Advertising	$	3,000  $	1,527	$	1,473	$	3,000	$	3,000	
Contingency	$	1,000  $	297	$	300	$	597	$	1,000	
Office Supplies	$	350  $	2	$	35	$	37	$	350	
Dues, Licenses & Subscriptions	$	175  $	175	$	-	$	175	$	175	
Total Administrative	$	137,979  $	62,116	$	46,292	$	108,408	$	132,283	

Operations & Maintenance
Field Services
Property Insurance	

$	16,118  $	

12,058	

$	-	

$	12,058	

$	13,224	
Field Management	$	15,900  $	9,275	$	6,625	$	15,900	$	16,377	
Landscape Maintenance	$	45,800  $	23,803	$	17,002	$	40,805	$	47,655	
Landscape Contingency	$	10,000  $	-	$	4,167	$	4,167	$	6,500	
Streetlights	$	38,473  $	20,713	$	14,898	$	35,611	$	39,172	
Electric	$	2,000  $	466	$	425	$	891	$	2,000	
Water & Sewer	$	3,500  $	1,261	$	901	$	2,162	$	3,500	
Irrigation Repairs	$	7,500  $	1,484	$	3,125	$	4,609	$	6,000	
General Repairs & Maintenance	$	12,000  $	2,196	$	5,000	$	7,196	$	12,000	
Contingency	$	7,500  $	15,869	$	5,000	$	20,869	$	10,000	
Subtotal Field Expenditures	$	158,791  $	87,125	$	57,143	$	144,268	$	156,428	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2025	4/30/25	5 Months	9/30/25	FY2026	
Amenity Expenditures						
Amenity - Electric	$	10,100	$	2,879	$	4,200	$	7,079	$	10,100	
Amenity - Water	$	6,000	$	5,857	$	4,184	$	10,040	$	10,000	
Playground Lease	$	19,512	$	11,382	$	8,130	$	19,512	$	13,008	
Internet	$	2,000	$	1,206	$	846	$	2,053	$	2,053	
Pest Control	$	600	$	160	$	200	$	360	$	1,136	
Janitorial Service	$	16,160	$	9,040	$	6,425	$	15,465	$	16,780	
Security Services	$	35,000	$	18,708	$	13,363	$	32,071	$	35,000	
Pool Maintenance	$	23,700	$	14,200	$	10,143	$	24,343	$	24,408	
Amenity Repairs & Maintenance	$	10,000	$	9,893	$	7,067	$	16,960	$	10,000	
Amenity Access Management	$	5,250	$	3,063	$	2,188	$	5,250	$	5,408	
Chair Lift Replacement	$	-	$	-	$	-	$	-	$	12,000	
Contingency	$	14,469	$	-	$	10,335	$	10,335	$	12,000	
Subtotal Amenity Expenditures	$	142,791	$	76,388	$	67,080	$	143,468	$	151,893	
						
Total Operations & Maintenance	$	301,583	$	163,513	$	124,223	$	287,736	$	308,321	

Other Expenditures						
Capital Reserves	$	6,646	$	6,646	$	-	$	6,646	$	7,386	
Total Other Expenditures	$	6,646	$	6,646	$	-	$	6,646	$	7,386	
						
Total Expenditures	$	446,207	$	232,275	$	170,515	$	402,790	$	447,990	
						
Excess  Revenues/(Expenditures)	$	-	$	210,945	$	(163,963)	$	46,982	$	-	

Net Assessments	
$446,207	
Add: Discounts & Collections 7%		$33,585 	
Gross Assessments		$479,792 	
Assessable Units	346	
Per Unit Gross Assessment		$1,386.69 	
	
FY2023	
FY2024	
FY2025	
FY2026	
Net Assessments	$446,207	$446,207	$446,207	$446,207	
Discounts & Collections (7%)	$33,585	$33,585	$33,585	$33,585	
Gross Assessments	$479,792	$479,792	$479,792	$479,792	

Total Units	
346	
346	
346	
346	
Assessments per Unit	$1,387	$1,387	$1,387	$1,387	

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.
FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.
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. The final payment in the lease agreement is due on May 1, 2026.
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
Amenity Management provides access card issuance through registration, proof of residency, and photo identification. The team also provides keycard troubleshooting for issues and concerns related to access control. Staff reviews security concerns and amenity policy violations via remote camera monitoring on an as-needed basis. Districts are provided electronic communication for District news and direct remote customer service through phone and email directly to the Amenity Access Team.
Chair Lift Replacement
Part replacement including batteries, motors and controllers
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	FY2025	4/30/25	5 Months	9/30/25	FY2026	

Revenues						
Assessments	$	419,524	$	414,759	$	4,765	$	419,524	$	419,524	
Interest Income	$	10,432	$	11,882	$	8,487	$	20,369	$	10,185	
Carry Forward Surplus *	$	218,764	$	222,616	$	-	$	222,616	$	242,915	
Total Revenues	$	648,720	$	649,257	$	13,252	$	662,509	$	672,624	
Expenses						
Interest - 11/1	$	144,797	$	144,797	$	-	$	144,797	$	142,197	
Principal - 5/1	$	130,000	$	-	$	130,000	$	130,000	$	135,000	
Interest - 5/1	$	144,797	$	-	$	144,797	$	144,797	$	142,197	
Total Expenditures	$	419,594	$	144,797	$	274,797	$	419,594	$	419,394	
						
Excess Revenues/(Expenditures)	$	229,126	$	504,460	$  (261,544)	$	242,915	$	253,230	

* Carryforward Less Reserve Requirement				
Interest - 11/1/2026	
	$139,497 	
				Total		$139,497 	

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	

11/01/25	
$	
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	
			$	6,130,000.00	$	4,442,418.75	$	10,847,215.63	

Lucerne Park
Community Development District
Capital Reserve Fund

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

Revenues						
Interest Income	$	1,230	$	1,786	$	1,276	$	3,063	$	1,531	
Carry Forward Surplus	$	87,444	$	76,771	$	-	$	76,771	$	86,479	
Total Revenues	$	88,674	$	78,557	$	1,276	$	79,833	$	88,010	

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

Other Financing Sources						
Transfer In (Out)	$	6,646	$	6,646	$	-	$	6,646	$	7,386	
Total Other Financing Sources/(Uses)	$	6,646	$	6,646	$	-	$	6,646	$	7,386	
						
Excess Revenues/(Expenditures)	$	95,319	$	85,203	$	1,276	$	86,479	$	95,396	

Section B

RESOLUTION 2025-07
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 2026; 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, 2025, and ending September 30, 2026 (“Fiscal Year 2026”), 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 2026; and

WHEREAS, Chapter 197, Florida Statutes, provides a mechanism pursuant to which such

special assessments may be placed on the tax roll and collected by the local tax collector (“Uniform Method”), and the District has previously authorized the use of the Uniform Method by, among other things, entering into agreements with the Property Appraiser and Tax Collector of the County for that purpose; and

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

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

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

SECTION 1. BENEFIT & ALLOCATION FINDINGS. The Board hereby finds and determines that the provision of the services, facilities, and operations as described in Exhibit A confers a special and peculiar benefit to the lands within the District, which benefit exceeds or equals the cost of the assessments. The allocation of the assessments to the specially benefitted lands, as shown in Exhibits A and B, is hereby found to be fair and reasonable.
SECTION 2. ASSESSMENT IMPOSITION. Pursuant to Chapters 190 and 197, Florida Statutes, and using the procedures authorized by Florida law for the levy and collection of special assessments, a special assessment for operation and maintenance is hereby imposed and levied on benefitted lands within the District, and in accordance with Exhibits A and B. The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution. Moreover, pursuant to Section 197.3632(4), Florida Statutes, the lien amount shall serve as the “maximum rate” authorized by law for operation and maintenance assessments.

SECTION 3. COLLECTION. The collection of the operation and maintenance special assessments and previously levied debt service assessments shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as indicated on Exhibits A and B. The decision to collect special assessments by any particular method – e.g., on the tax roll or by direct bill – does not mean that such method will be used to collect special assessments in future years, and the District reserves the right in its sole discretion to select collection methods in any given year, regardless of past practices.
SECTION 4. ASSESSMENT ROLL. The Assessment Roll, attached to this Resolution as Exhibit B, is hereby certified to the County Tax Collector and shall be collected by the County Tax Collector in the same manner and time as County taxes. The proceeds therefrom shall be paid to the District.

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

SECTION 6. SEVERABILITY. The invalidity or unenforceability of any one or more provisions of this Resolution shall not affect the validity or enforceability of the remaining portions of this Resolution, or any part thereof.
SECTION 7. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board.

PASSED AND ADOPTED THIS 19th DAY OF JUNE 2025.
ATTEST:	LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary

By: 	 Its: 		

Exhibit A:	Adopted Budget for Fiscal Year 2026
Exhibit B:	Assessment Roll

Lucerne Park CDD
FY 26 Assessment Roll

PARCEL ID	UNITS	FY 26 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	

PARCEL ID	UNITS	FY 26 O&M	2019 DEBT	TOTAL	
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	

PARCEL ID	UNITS	FY 26 O&M	2019 DEBT	TOTAL	
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	

PARCEL ID	UNITS	FY 26 O&M	2019 DEBT	TOTAL	
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	

PARCEL ID	UNITS	FY 26 O&M	2019 DEBT	TOTAL	
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	

PARCEL ID	UNITS	FY 26 O&M	2019 DEBT	TOTAL	
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	

PARCEL ID	UNITS	FY 26 O&M	2019 DEBT	TOTAL	
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	

PARCEL ID	UNITS	FY 26 O&M	2019 DEBT	TOTAL	
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	

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, March 20, 2025, at 9:30 a.m. at the Lake Alfred Public Library, 245 N. Seminole Ave., Lake Alfred, Florida and via Zoom.

Present and constituting a quorum:

Bobbie Henley	Chairperson
Lindsey Roden	Vice Chairperson
Diana Macecsko	Assistant Secretary
Joan Griffin	Assistant Secretary
Catherine Gonzalez	Assistant Secretary Also present were:
Monica Virgen	District Manager, GMS
Savannah Hancock	District Counsel, Kilinski Van Wyk
Rey Malave by Zoom	District Engineer
Meredith Hammock by Zoom	KVW
Joey Duncan by Zoom	District Engineer, Dewberry
Marshall Tindall	Field Manager, GMS
Chase Arrington by Zoom	District Engineer, Dewberry

FIRST ORDER OF BUSINESS	Roll Call
Ms. Virgen called the meeting to order. Five Board members were in attendance, constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Virgen stated that this is an opportunity for public members to comment on any item on the agenda in person or via Zoom. There being no comments, the next item followed.

THIRD ORDER OF BUSINESS	Approval of Minuets of the January 16,
2025, Board of Supervisors Meeting
Ms. Virgen asked for any comments or corrections to the January 16, 2025 meeting minutes. Hearing no changes from the Board, Ms. Virgen asked for a motion to approve.

On MOTION by Ms. Roden, seconded by Ms. Griffin, with all in favor, the Minutes of the January 16, 2025, Board of Supervisors Meeting were approved.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2025-05
Approving the Fiscal Year 2026 Proposed Budget and Setting a Public Hearing to Adopt
Ms. Virgen presented the Resolution 2025-05 which approves the Fiscal Year 2026 proposed budget and sets a public hearing to adopt the budget. She noted approving this budget does not mean they cannot change it in the future, it is a cap the District must set.
Ms. Hancock added once the budget is approved, staff will publish a notice in the newspaper and they will have a public hearing at the June meeting to adopt the budget. Ms. Virgen noted the District is required to transmit the proposed budget to Polk County 60 days prior to the meeting.
Ms. Virgen stated the public hearing is to be set on June 19, 2025, at 9:30 a.m. at the Holiday Inn in Winter Haven. She added the proposed budget is attached as an exhibit. She noted there was no increase in assessments this year. She noted there are a few line items that have changed based on actuals. Ms. Virgen stated they are proposing an increase in their management fees of 3% and for insurance. She noted the FICA Expense has been added as a line item for the District’s payroll expenses. She stated the total administrative cost was $137,979. In the field services budget, she noted there was an increase for field management services by 3%. Other increases we based on estimates from vendors. She stated the FY26 operations expense is for
$156,372.
Ms. Virgen stated for the amenity expenditures there is an increase due to the replacement of their chairlift. She noted the 2026 amenity expenditures will be $151,871. Ms. Virgen reviewed the Debt Service Fund and stated they have provided the actuals and the proposed budget for the

assessments and interest income. Ms. Hancock noted the debt assessments are set when the bonds are issued.
Ms. Virgen stated the Capital Reserve Fund was on page 28 of the agenda package and the District currently holds $77,820 in the account. She added in FY25 the adopted budget was
$88,674 and for FY26 they are proposing $88,139 for the Capital Reserve. She noted in future years, they may want to start adding more to the Capital Reserve. She asked for any questions or comments on the proposed budget. Hearing no questions or changes from the Board, Ms. Virgen asked for a motion to approve the resolution.

On MOTION by Ms. Griffin, seconded by Ms. Roden, with all in favor, Resolution 2025-05 Approving the Fiscal Year 2026 Proposed Budget and Setting a Public Hearing to Adopt on June 19, 2025 at 9:30 a.m., was approved.

FIFTH ORDER OF BUSINESS	Consideration of Lucerne Park Reserve
HOA Community Events
Ms. Virgen stated the HOA reached out to the with community events they wanted to host. She noted the Easter event was sent to the Chair prior to the meeting because the date was too close to the date of the current meeting. She added it was approved, however the HOA decided to cancel the event.
Ms. Hancock stated she will draft an agreement for the HOA allowing them to use the land and they will have their own event insurance, protecting the District from being held liable.

On MOTION by Ms. Henley, seconded by Ms. Macescko, with all in favor, the Lucerne Park Reserve HOA Community Events, were approved.

SIXTH ORDER OF BUSINESS	Ratification  of  Lucerne  Park  Reserve
HOA April Event Agreement
Ms. Virgen stated this event was cancelled, however in the case it happens they need approval of the ratification.

On MOTION by Ms. Gonzalez, seconded by Ms. Macescko, with all in favor, the Lucerne Park Reserve HOA April Event Agreement, was ratified.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hancock noted that the Board members who were sworn in in 2024 and 2025 will have to complete four hours of Ethics training by the end of the year. She will email the members with free ethics classes that are online.

Engineer
Mr. Malave stated they did not have anything to report at this time.

Field Managers Report
Mr. Tindall presented the Field Manager’s Report. He stated one of the toilets in the amenity center’s restroom had stopped working and he will be reaching out to the company to see if the valve that caused the issue is still under warranty. He added one of the restroom doors was not latching correctly, however they have since fixed this issue. He noted he received information that the control module was not working, and they have contacted a vendor to get it repaired. He stated there were complaints of ants around the playground and the pest control company will be coming out soon.
Mr. Tindall stated some plants by the Amenity Center have been replaced and are holding up better than the previous plants. He added mulching and other yard work by the entrances has been completed and they look good. During this, a dead tree was identified, and they are working to get it replaced. He stated the parking signs that were approved have been installed and asked the Board if they see any problems to let him know.
Ms. Griffin asked about the “no idling” signs. Mr. Tindall stated he has a meeting scheduled with an officer to double check if there are regulated before they are installed.

Consideration of Janitorial Services Proposal
Ms. Virgen stated this was brought up at the last meeting and the direction staff was given was to hold off and see how the services did over the next 30 days. She added the proposal was to

increase services at the dog station and the pool and for seasonal servicing increase at the amenity facility. She noted for the dog station, it would be for $900 for the year and the seasonal servicing at the amenity center will be for $800 for the year. She stated she noted at the last meeting that because they are well into the fiscal year, they would not pay the full yearly cost for servicing the dog station.

On MOTION by Ms. Macescko seconded by Ms. Griffin, with all in favor, the Proposal for Additional Janitorial Services, was approved.

District Manager’s Report
Approval of Check Register
Ms. Virgen presented the check register from January 3, 2025, through March 6, 2025, totaling $460,357.68. A detailed check run summary follows the check register.

On MOTION by Ms. Henley seconded by Ms. Roden, with all in favor, the Check Register, were approved.

Balance Sheet and Income Statement
Ms. Virgen presented the unaudited financials on page 50 of the agenda package. She added that it was for informational purposes only, but she could answer any questions. She noted they are almost fully collected on assessments for the year.

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

NINTH ORDER OF BUSINESS	Supervisors Requests
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Adjournment

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

	
Secretary / Assistant Secretary	Chairman / Vice Chairman

Section V

LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT
CITY OF WINTER HAVEN, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

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

1001 Yamato Road ▪ Suite 301 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, 2024, 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, 2024, 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 April 30, 2025, 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.

April 30, 2025

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, 2024. 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 ($1,697,656).

The change in the District’s total net position in comparison with the prior fiscal year was
$113,315, 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, 2024, the District’s governmental funds reported combined ending fund balances of $831,724 an increase of $135,983 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. 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,
	2024	2023	

Current and other assets

$	845,864	$

708,198

Capital assets, net of depreciation		3,880,121	 4,044,128  Total assets		4,725,985	4,752,326 
Current liabilities	134,804	135,100
Long-term liabilities		6,288,837	6,428,197 
Total liabilities		6,423,641	6,563,297  Net position
Net investment in capital assets	(2,408,716)	(2,384,069)
Restricted	311,974	285,099
Unrestricted		399,086	287,999 
Total net position	 $  (1,697,656) $	(1,810,971)
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:	2024	2023	
Program revenues
Charges for services	
$	871,435	
$	871,220	
Operating grants and contributions	21,953	16,897	
Capital grants and contributions	2,823	-	
General revenues
Unrestricted investment earnings	
150	
-	
Total revenues	896,361	888,117	
Expenses:
General government	
94,918	
92,677	
Maintenance and operations	251,138	265,882	
Recreation	137,607	122,283	
Interest	299,383	304,021	
Total expenses	783,046	784,863	
Change in net position	113,315	103,254	
Net position - beginning	(1,810,971)	(1,914,225)	
Net position - ending	$  (1,697,656)	$  (1,810,971)	
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2024 was $783,046. 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 decreased over the prior year primarily as the result of a decrease 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, 2024.

CAPITAL ASSETS
At September 30, 2024, the District had $4,372,142 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $492,021 has been taken, which resulted in a net book value of $3,880,121. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

CAPITAL DEBT

At September 30, 2024, the District had $6,260,000 Bonds outstanding and $28,837 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, 2024

	Governmental
	Activities		
ASSETS		
Cash	$	384,016	
Assessments receivable	1,904	
Prepaids	28,229	
Restricted assets:		
Investments	431,715	
Capital assets:		
Depreciable, net		3,880,121 	
Total assets		4,725,985 	

LIABILITIES		
Accounts payable	14,140	
Accrued interest payable	120,664	
Non-current liabilities:		
Due within one year	146,505	
Due in more than one year		6,142,332 	
Total liabilities		6,423,641 	

NET POSITION		
Net investment in capital assets	(2,408,716)	
Restricted for debt service	311,974	
Unrestricted		399,086 	
Total net position	 $ (1,697,656) 	

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, 2024

Program Revenues

Net (Expense) Revenue and Changes in Net Position

Charges for

Operating Grants and

Capital Grants and

Governmental

Functions/Programs		Expenses	Services	Contributions	Contributions	Activities	 Primary government:
Governmental activities:
General government	$	94,918	$	94,918	$	-	$	-	$	-	
Maintenance and operations	251,138	228,841	-	2,823	(19,474)	
Recreation	137,607	125,389	-	-	(12,218)	
Interest on long-term debt		299,383	422,287	21,953	-	144,857 
Total governmental activities		783,046	871,435	21,953	2,823	113,165 

General revenues:		
Miscellaneous		150 	
Total general revenues		150 	
Change in net position	113,315	
Net position - beginning		(1,810,971) 	
Net position - ending	 $  (1,697,656) 	

See notes to the financial statements

BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2024

	Major Funds		Total

Debt
General	Service

Capital Projects

Governmental Funds

ASSETS		
Cash	$	307,245	$	-	$	76,771	$	384,016	
Investments	-	431,715	-	431,715	
Assessments receivable	981	923	-	1,904	
Prepaids	28,229	-	-	28,229	
Total assets	$	336,455	$	432,638	$	76,771	$	845,864	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	14,140	$	-	$	-	$	14,140	
Total liabilities	14,140	-	-	14,140	

Fund balances:
Nonspendable:
Prepaid items Restricted for:
Debt service	28,229

-	-

432,638	-

-	28,229

432,638	
Assigned to: Capital reserves		
-		
-		
76,771		
76,771	
Unassigned		294,086		-		-		294,086	
Total fund balances		322,315		432,638		76,771		831,724	

Total liabilities and fund balances	
$	
336,455	
$	
432,638	
$	
76,771	
$	
845,864	

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2024

Fund balance - governmental funds	$   831,724
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	   (492,021)    3,880,121
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	(120,664)	
Financed purchase - notes payable	(28,837)	
Bonds payable	  (6,260,000)	(6,409,501) 	
Net position of governmental activities	$ (1,697,656)

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024

	Major Funds		Total

Debt
General	Service

Capital Projects

Governmental Funds

REVENUES		
Assessments	$	449,148	$	422,287	$	-	$	871,435	
Interest	-	21,953	2,823	24,776	
Miscellaneous	150	-	-	150	
Total revenues	449,298	444,240	2,823	896,361	

EXPENDITURES
Current:
General government	94,918	-	-	94,918	
Maintenance and operations	121,971	-	-	121,971	
Recreation	102,767	-	-	102,767	
Debt service:
Principal	
14,360	
125,000	
-	
139,360	
Interest	7,018	294,344	-	301,362	
Total expenditures	341,034	419,344	-	760,378	

Excess (deficiency) of revenues over (under) expenditures	

108,264	

24,896	

2,823	

135,983	

OTHER FINANCING SOURCES (USES)
Transfer in	

-	

-	

23,963	

23,963	
Transfer out	(23,963)	-	-	(23,963)	
Total other financing sources (uses)	(23,963)	-	23,963	-	

Net change in fund balances	
84,301	
24,896	
26,786	
135,983	
Fund balances - beginning	238,014	407,742	49,985	695,741	

Fund balances - ending	
$	322,315	
$	432,638	
$	76,771	
$	831,724	

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, 2024

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.	

139,360	
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.	

1,979	
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	 $	113,315 	

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

135,983

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, 2024, 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 and to accumulate funds for maintenance reserves.
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, 2024:

 Amortized Cost	Credit Risk	Maturities	
Weighted average of the fund

First American Treasury Obligation Fund Class Y

 $	431,715 
 $	431,715 

S&P AAAm

portfolio: 31 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, 2024 were as follows:

 Fund	Transfer in	Transfer out 
General	$	-	$	23,963	
Capital projects		23,963	-		
Total	 $	23,963	$	23,963 	

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	258,334	129,167	-	387,501	
Recreation	43,056	21,528	-	64,584	
Financed purchase assets - equipment	26,624	13,312	-	39,936	
Total accumulated depreciation	328,014	164,007	-	492,021	

Total capital assets, being depreciated, net	
4,044,128	
(164,007)	
-	3,880,121	

Governmental activities capital assets, net	
$	4,044,128	
$	(164,007)	
$	-	$	3,880,121	

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, 2024.

Changes in long-term liability activity for the fiscal year ended September 30, 2024 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities
Series 2019	
$  6,385,000	
$	-	$	
125,000	
$  6,260,000	
$	130,000	
Financed purchase - note payable	43,197	-	14,360	28,837	16,505	
	$  6,428,197	$	-	$	139,360	$  6,288,837	$	146,505	

Year ending

	Governmental Activities	

 September 30:	Principal	Interest	Total	
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	155,000	267,594	422,594	
2030-2034	875,000	1,229,731	2,104,731	
2035-2039	1,100,000	1,007,500	2,107,500	
2040-2044	1,400,000	723,425	2,123,425	
2045-2049	1,770,000	357,913	2,127,913	
2050-2052		410,000	19,475	429,475 	
Total	 $	6,260,000	$ 4,732,014	$ 10,992,014 	

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, 2024 are as follows:

Year ending
September 30:	
Principal	
Interest	Total
payments	
2025	$	16,505	$	3,007	$	19,512	
2026	12,332	657	12,989	
Total	$	28,837	$	3,664	$	32,501	

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, 2024

	
Budgeted
	Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES
Assessments	
$	446,207	
$	449,148	
$	2,941	
Miscellaneous	-	150	150	
Total revenues	446,207	449,298	3,091	

EXPENDITURES
Current:
General government	132,222	94,918	37,304	
Maintenance and operations	165,060	121,971	43,089	
Recreation	124,962	102,767	22,195	
Debt service:
Principal	
-	
14,360	
(14,360)	
Interest	-	7,018	(7,018)	
Total expenditures	422,244	341,034	81,210	

Excess (deficiency) of revenues over (under) expenditures	

23,963	

108,264	

84,301	

OTHER FINANCING SOURCES (USES)
Transfer out	

(23,963)	

(23,963)	

-	
Total other financing sources (uses)	(23,963)	(23,963)	-	

Net change in fund balance	
  $	-		
84,301  $	84,301 	
Fund balance - beginning			238,014 	
Fund balance - ending		 $	322,315 	

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, 2024.

OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2024 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.	
13	
Employee compensation	$0	
Independent contractor compensation	$364,476	
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	$871,435	
Outstanding Bonds: Series 2019, due May 1, 2050	see Note 7 for details	

1001 Yamato Road ▪ Suite 301 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, 2024, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated April 30, 2025.
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.

April 30, 2025

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, 2024. 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, 2024.
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.

April 30, 2025

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, 2024, and have issued our report thereon dated April 30, 2025.

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 April 30, 2025, 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.

April 30, 2025

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, 2023.
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, 2024.
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, 2024.
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, 2024. 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 VII

Section C

to be provided under separate cover

Section D

Section 1

Lucerne Park Community Development District

Summary of Check Register

March 7, 2025 through June 5, 2025

Fund	Date	Check No.'s	Amount

General Fund		
	3/13/25	724-730	$	18,456.70	
	3/19/25	731	$	7,920.03	
	3/25/25	732-735	$	472,929.03	
	3/27/25	736	$	153.00	
	4/2/25	737-738	$	1,972.34	
	4/8/25	739	$	3,892.73	
	4/15/25	740-743	$	10,044.56	
	4/22/25	744-747	$	1,873.86	
	4/29/25	748-749	$	5,094.95	
	5/6/25	750	$	1,626.01	
	5/14/25	751-757	$	19,932.06	
	5/21/25	758-760	$	6,887.79	
6/3/25	761-763	 $	2,996.01 
$	553,779.07

Payroll	March 7, 2025 through June 5, 2025

BOBBIE HENLEY	50005	$	184.70	
CATHERINE GONZALEZ	50006	$	184.70	
DIANA MACECSKO	50007	$	184.70	
JOAN GRIFFIN	50008	$	184.70	
LINDSEY RODEN	50009	 $	184.70 	
		$	923.50	
	Total Amount	$	554,702.57	

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/12/25	PAGE	1
*** CHECK DATES 03/07/2025 - 06/05/2025 ***	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	#
3/13/25 00030	2/27/25 14413	202502 330-57200-46700	*	1,295.00
CLEANING SVCS FEB25
CLEAN STAR SERVICES OF CENTRAL FL	1,295.00 000724

3/13/25 00007	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	
	3/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
244	202503 310-51300-34000	*	3,750.00
MANAGEMENNT FEES MAR25
244	202503 310-51300-35200	*	105.00
WEBSITE ADMIN MAR25
244	202503 310-51300-35100	*	157.50
INFORMATION TECH MAR25
244	202503 310-51300-31300	*	437.50
DISSEMINATION SVCS MAR25
244	202503 330-57200-12000	*	437.50
AMENITY ACCESS MAR25
244	202503 310-51300-51000	*	.24
OFFICE SUPPLIES MAR25
244	202503 310-51300-42000	*	44.15
POSTAGE MAR25
3/01/25 244	202503 310-51300-42500	*	3.90
COPIES MAR25
3/01/25 245	202503 320-53800-12000	*	1,325.00
FIELD MANAGEMENT MAR25
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,260.79 000725
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00023	3/10/25 03102025 202503 300-20700-10000	*	2,976.26
TXFER OF TAX RCPTS S2019
LUCERNE PARK CDD / US BANK	2,976.26 000726
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00040	3/07/25 65830095 202503 330-57200-48100	*	50.00
POOL PEST CONTROL MAR25
3/07/25 65830099 202503 330-57200-48100	*	30.00
PLAYGRND PEST CNTRL MAR25
MASSEY SERVICES INC.	80.00 000727
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00027	3/01/25 26664	202503 330-57200-46300	*	1,975.00
POOL MAINTENANCE MAR25
MCDONNELL CORPORATION DBA RESORT	1,975.00 000728
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00019	3/01/25 16684	202503 320-53800-46200	*	3,400.42
LANDSCAPE MAINT MAR25
PRINCE & SONS INC.	3,400.42 000729
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/13/25 00046	2/28/25 12077935 202502 330-57200-34500	*	2,469.23
SECURITY SVCS FEB25
SECURITAS SECURITY	2,469.23 000730
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LUCP LUC PARK CDD	ZYAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/12/25	PAGE	2
*** CHECK DATES 03/07/2025 - 06/05/2025 ***	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	#
3/19/25 00007	1/31/25 246	202501 320-53800-49000	*	7,920.03
MILTON-VINYL FENCE REPAIR
GOVERNMENTAL MANAGEMENT SERVICES-CF	7,920.03 000731
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/25 00052	3/24/25 03242025 202503 300-58100-10000	*	6,646.00
FY25 CAP TRANSFER
LUCERNE PARK CDD C/O BANK UNITED	6,646.00 000732
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/25 00058	3/24/25 03242025 202503 300-15100-10000	*	465,000.00
TXFER EXCESS FUNDS TO SBA
STATE BOARD OF ADMINISTRATION C/O	465,000.00 000733
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/25/25 00053	2/28/25 00069831 202502 310-51300-48000	*	275.03

GANNETT MEDIA CORP DBA	GANNETT	275.03	000734	
- - - -	- - -	-	- - - -	- - - - -	- - - - - - - - - - - - - - - -	- - - - -	- - - -	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	- - - - -	- - -	
3/25/25	00034	3/18/25	11760	202502	310-51300-31500	*	1,008.00	
GENERAL	COUNSEL FEB25	
KILINSKI VAN	WYK PLLC	1,008.00	000735	
- - - -	- - -	-	- - - -	- - - - -	- - - - - - - - - - - - - - - -	- - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	- - - - -	- - -	
3/27/25	00059	3/26/25	03262025	202503	300-21700-10000	*	153.00	
IRS TAX	PAYMENT 03/26/25	
UNITED STATES TREASURY	153.00	000736	
- - - -	- - -	-	- - - -	- - - - -	- - - - - - - - - - - - - - - -	- - - - -	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	- - -	-	-	- - - -	- - -	
4/02/25	00019	3/18/25	16902	202503	320-53800-46100	*	346.33	
IRRIG- REPLACE	CLOCK #4	

NOTICE BOS MEETING

PRINCE & SONS INC.	346.33 000737
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/02/25 00032	4/01/25 04012025 202504 300-15500-10000	*	1,626.01
EQUIPMENT LEASE MAY25
WHFS LLC	1,626.01 000738
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/08/25 00046	3/31/25 12107479 202503 330-57200-34500	*	3,892.73
SECURITY SVCS MAR25
SECURITAS SECURITY	3,892.73 000739
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/15/25 00030	3/26/25 14649	202503 330-57200-46700	*	1,285.00
CLEANING SVCS MAR25
CLEAN STAR SERVICES OF CENTRAL FL	1,285.00 000740
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/15/25 00007	4/01/25 248	202504 310-51300-34000	*	3,750.00
MANAGEMENT FEES APR25
4/01/25 248	202504 310-51300-35200	*	105.00
WEBSITE ADMIN APR25
4/01/25 248	202504 310-51300-35100	*	157.50
INFORMATION TECH APR25
LUCP LUC PARK CDD	ZYAN

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/12/25	PAGE	3
*** CHECK DATES 03/07/2025 - 06/05/2025 ***	LUCERNE PARK - GENERAL
BANK A LUCERNE PARK CDD

DATE	DATE	
	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	
	4/01/25	

CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...	VENDOR NAME	STATUS	AMOUNT	....CHECK.....
INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS	AMOUNT	#
248	202504 310-51300-31300	*	437.50
DISSEMINATION SVCS APR25
248	202504 330-57200-12000	*	437.50
AMENITY ACCESS APR25
248	202504 310-51300-51000	*	.39
OFFICE SUPPLIES APR25
248	202504 310-51300-42000	*	26.42
POSTAGE APR25
248	202504 310-51300-42500	*	2.10
COPIES APR25
249	202504 320-53800-12000	*	1,325.00
FIELD MANAGEMENT APR25
249	202504 310-51300-42500	*	22.05
STAPLES SEPERATE COVER
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,263.46 000741
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/15/25 00027	4/01/25 26982	202504 330-57200-46300	*	1,975.00
POOL MAINTENANCE APR25
MCDONNELL CORPORATION DBA RESORT	1,975.00 000742
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/15/25 00019	3/25/25 16942	202503 320-53800-46100	*	229.88
REPC NOZZLES & ROTORS
3/25/25 16943	202503 320-53800-46100	*	291.22
REPR MAINLINE LEAK CLOCK1
PRINCE & SONS INC.	521.10 000743
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/25 00053	3/31/25 00070378 202503 310-51300-48000	*	275.03
NOTICE BOS MEETING
GANNETT MEDIA CORP DBA GANNETT	275.03 000744
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/25 00007	2/28/25 247	202502 330-57200-46000	*	1,394.51
AMENITY REPAIRS FEB25
GOVERNMENTAL MANAGEMENT SERVICES-CF	1,394.51 000745
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/25 00040	4/08/25 65830096 202504 330-57200-48100	*	50.00
POOL PEST CONTROL APR25
4/08/25 65830100 202504 330-57200-48100	*	30.00
PLAYGRND PEST CNTRL APR25
MASSEY SERVICES INC.	80.00 000746
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/22/25 00019	4/15/25 17272	202504 320-53800-46100	*	124.32
REPLC 9 CLOGGED NOZZLES
PRINCE & SONS INC.	124.32 000747
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/29/25 00034	4/28/25 12012	202503 310-51300-31500	*	1,694.53
GENERAL COUNSEL MAR25
KILINSKI VAN WYK PLLC	1,694.53 000748
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/12/25	PAGE	4
*** CHECK DATES 03/07/2025 - 06/05/2025 ***	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	#
4/29/25 00019	4/01/25 17101	202504 320-53800-46200	*	3,400.42
LANDSCAPE MAINT APR25
PRINCE & SONS INC.	3,400.42 000749
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/06/25 00032	5/06/25 05062025 202505 300-15500-10000	*	1,626.01
EQUIPMENT LEASE JUN25
WHFS LLC	1,626.01 000750
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/25 00030	4/28/25 14870	202504 330-57200-46700	*	1,290.00
CLEANING SVCS APR25
CLEAN STAR SERVICES OF CENTRAL FL	1,290.00 000751
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/25 00042	4/15/25 22444335 202503 310-51300-31100	*	637.50
GENERAL ENGINEERING MAR25
DEWBERRY ENGINEERS INC.	637.50 000752
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/25 00015	3/03/25 27023	202505 310-51300-32200	*	3,900.00
AUDIT FYE 09/30/2024
GRAU AND ASSOCIATES	3,900.00 000753

5/14/25 00007	5/01/25	
	5/01/25	
	5/01/25	
	5/01/25	
	5/01/25	
	5/01/25	
	5/01/25	
	5/01/25	
	5/01/25	

- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
252	202505 310-51300-34000	*	3,750.00
MANAGEMENT FEES-MAY25
252	202505 310-51300-35200	*	105.00
WEBSITE MANAGEMENT-MAY25
252	202505 310-51300-35100	*	157.50
INFORMATION TECH-MAY25
252	202505 310-51300-31300	*	437.50
DISSEMINATION SVCS-MAY25
252	202505 330-57200-12000	*	437.50
AMENITY ACCESS-MAY25
252	202505 310-51300-51000	*	.27

202505 310-51300-42000	*	14.41	
202505 320-53800-12000	*	1,325.00	

OFFICE SUPPLIES 252
POSTAGE 253
FIELD MANAGEMENT-MAY25
253	202505 310-51300-42500	*	32.73
STAPLES SEPERATE COVER
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,259.91 000754
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/25 00027	5/01/25 27315	202505 330-57200-46300	*	1,975.00
POOL MAINTENANCE-MAY25
MCDONNELL CORPORATION DBA RESORT	1,975.00 000755
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/14/25 00019	5/01/25 17724	202505 320-53800-46200	*	3,400.42
LANDSCAPE MAINT-MAY25
PRINCE & SONS INC.	3,400.42 000756
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	6/12/25	PAGE	5
*** CHECK DATES 03/07/2025 - 06/05/2025 ***	LUCERNE PARK - GENERAL

CHECK	VEND# DATE	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS		AMOUNT	....CHECK..... AMOUNT	#	
5/14/25 00046	4/30/25 12144189 202504 330-57200-34500	*
SECURITAS SECURITY		2,469.23	
2,469.23 000757	
- - - - - - - - 5/21/25 00007	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
3/31/25 250	202503 320-53800-49000	*
3/31/25 251	202503 330-57200-46000	*	- - - - -	- - - - -

200.00	- - - - - - - -	
	ADJ RESTROOM STALL DOORS
GOVERNMENTAL MANAGEMENT SERVICES-CF			6,649.29 000758	
- - - - - - - - 5/21/25 00034	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/16/25 12278	202504 310-51300-31500	*
KILINSKI VAN WYK PLLC	- - - - -	- - - - -	- - - - - - - -

188.50 000759	
- - - - - - - - 5/21/25 00040	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/13/25 65830097 202505 330-57200-48100	*
MASSEY SERVICES INC.	- - - - -	- - - - -	- - - - - - - -

50.00 000760	
- - - - - - - - 6/03/25 00030	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/23/25 15105	202505 330-57200-46700	*
CLEAN STAR SERVICES OF CENTRAL FL	- - - - -	- - - - -	- - - - - - - -

1,340.00 000761	
- - - - - - - - 6/03/25 00040	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/13/25 65830101 202505 330-57200-48100	*
MASSEY SERVICES INC.	- - - - -	- - - - -	- - - - - - - -

30.00 000762	
- - - - - - - - 6/03/25 00032

- - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/03/25 06032025 202506 300-15500-10000	*
WHFS LLC
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - -

- - - - -	- - - - -

- - - - -	- - - - - - - -

1,626.01 000763
- - - - - - - -	

BANK A LUCERNE PARK CDD

SECURITY SVCS APR25

CUSTOM PARKING SIGNS

6,449.29

GENERAL COUNSEL APR25

188.50

POOL PEST CONTROL-MAY25

50.00

CLEANING SVCS MAY25

1,340.00

PLAYGRND PEST CNTRL MAY25

30.00

EQUIPMENT LEASE JUL25

1,626.01

TOTAL FOR BANK A	553,779.07
TOTAL FOR REGISTER	553,779.07

LUCP LUC PARK CDD	ZYAN

Section 2

Lucerne Park
Community Development District

Unaudited Financial Reporting
April 30, 2025

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, 2025

	General		Debt Service		Capital Reserve		Totals	
	Fund		Fund		Fund	Governmental Funds	
Assets:									
Cash:									
Operating Account	$	76,089	$	-	$	-	$	76,089	
Money Market Account	$	-	$	-	$	85,203	$	85,203	
State Board of Administration	$	466,945	$	-	$	-	$	466,945	
Investments:									
Series 2019									
Reserve	$	-	$	210,022	$	-	$	210,022	
Revenue	$	-	$	502,304	$	-	$	502,304	
Prepayment	$	-	$	2,144	$	-	$	2,144	
Due from General Fund	$	-	$	12	$	-	$	12	
Prepaid Expenses	$	1,626	$	-	$	-	$	1,626	
Total Assets	$	544,659	$	714,482	$	85,203	$	1,344,344	

Liabilities:									
Accounts Payable	$	11,235	$	-	$	-	$	11,235	
Due to Debt Service	$	12	$	-	$	-	$	12	
Employee FICA	$	153	$	-	$	-	$	153	
Total Liabilites	$	11,399	$	-	$	-	$	11,399	

Fund Balance:									
Deposits and Prepaid Items	$	1,626	$	-	$	-	$	1,626	
Restricted for:									
Debt Service 2019	$	-	$	714,482	$	-	$	714,482	
Unassigned	$	531,634	$	-	$	85,203	$	616,837	
Total Fund Balances	$	533,260	$	714,482	$	85,203	$	1,332,945	
									
Total Liabilities & Fund Balance	$	544,659	$	714,482	$	85,203	$	1,344,344	

Revenues:

Assessments	$	446,207	$	441,141	$	441,141	$	-	
Interest	$	-	$	1,945	$	1,945	$	-	
Other Income	$	-	$	135	$	135	$	-	
Total Revenues	$	446,207	$	443,220	$	443,220	$	-	

Expenditures:									
General & Administrative:									
Supervisor Fees	$	12,000	$	7,000	$	3,000	$	4,000	
Employer FICA	$	-	$	-	$	153	$	(153)	
Engineering	$	20,000	$	11,667	$	1,583	$	10,084	
Attorney	$	25,000	$	14,583	$	9,326	$	5,257	
Annual Audit	$	4,800	$	-	$	-	$	-	
Assessment Administration	$	5,250	$	5,250	$	5,250	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,250	$	3,063	$	3,063	$	-	
Trustee Fees	$	4,337	$	2,478	$	2,478	$	-	
Management Fees	$	45,000	$	26,250	$	26,250	$	-	
Information Technology	$	1,890	$	1,103	$	1,103	$	-	
Website Administration	$	1,260	$	735	$	735	$	-	
Postage & Delivery	$	900	$	525	$	279	$	246	
Insurance	$	6,817	$	6,817	$	6,817	$	-	
Copies	$	500	$	292	$	80	$	212	
Legal Advertising	$	3,000	$	1,750	$	1,527	$	223	
Other Current Charges	$	1,000	$	583	$	297	$	287	
Office Supplies	$	350	$	204	$	2	$	202	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Subtotal General & Administrative	$	137,979	$	82,474	$	62,116	$	20,358	

Operations & Maintenance

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

$	16,118	$
$	15,900	$
$	45,800	$
$	10,000	$
$	38,473	$
$	2,000	$
$	3,500	$
$	7,500	$
$	12,000	$
$	7,500	$

16,118	$
9,275	$
26,717	$
5,833	$
22,443	$
1,167	$
2,042	$
4,375	$
7,000	$
4,375	$

12,058	$
9,275	$
23,803	$
-	$
20,713	$
466	$
1,261	$
1,484	$
2,196	$
15,869	$

4,060
- 2,914
5,833
1,730
700
780
2,891
4,804
(11,494)

Subtotal Field Expenditures

$	158,791

$

99,344

$

87,125

$

12,219

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

$	10,100	$
$	6,000	$
$	19,512	$
$	2,000	$
$	600	$
$	16,160	$
$	35,000	$
$	23,700	$
$	10,000	$
$	5,250	$
$	14,469	$

5,892	$
3,500	$
11,382	$
1,167	$
350	$
9,427	$
20,417	$
13,825	$
5,833	$
3,063	$
8,440	$

2,879	$
5,857	$
11,382	$
1,206	$
160	$
9,040	$
18,708	$
14,200	$
9,893	$
3,063	$
-	$

3,013
(2,357)
- (40)
190
387
1,709
(375)
(4,060)
- 8,440

Subtotal Amenity Expenditures

$	142,791

$

83,295

$

76,388

$

6,907

Total Expenditures

$	439,562

$	265,113

$	225,629

$

39,484

Excess (Deficiency) of Revenues over Expenditures

$

6,646

$	217,591

Other Financing Sources/(Uses):

Transfer In/(Out) - Capital Reserves

$	(6,646)	$

(6,646)	$

(6,646)	$	-

Total Other Financing Sources/(Uses)

$

(6,646)	$

(6,646)	$

(6,646)	$

-

Net Change in Fund Balance

$

-

$	210,945

Fund Balance - Beginning

$

-

$	322,315

Fund Balance - Ending

$

-

$	533,260

	Adopted	Prorated Budget		Actual		
		Budget	Thru 04/30/25	Thru 04/30/25		Variance	

Revenues:									
Assessments	$	419,524	$	414,759	$	414,759	$	-	
Interest	$	10,432	$	10,432	$	11,882	$	1,450	
Total Revenues	$	429,956	$	425,190	$	426,641	$	1,450	

Expenditures:									
Interest - 11/1	$	144,797	$	144,797	$	144,797	$	-	
Principal - 5/1	$	130,000	$	-	$	-	$	-	
Interest - 5/1	$	144,797	$	-	$	-	$	-	
Total Expenditures	$	419,594	$	144,797	$	144,797	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	10,362			$	281,844			
									
Fund Balance - Beginning	$	218,764			$	432,638			
									
Fund Balance - Ending	$	229,126			$	714,482			

Adopted	Prorated Budget	Actual	
Budget	Thru 04/30/25	Thru 04/30/25	Variance	

Revenues

Interest	

$	1,230	

$	1,230	

$	1,786	

$	557	
Total Revenues	$	1,230	$	1,230	$	1,786	$	557	

Expenditures:

Capital Outlay	

$	-	

$	-	

$	-	

$	-	
Total Expenditures	$	-	$	-	$	-	$	-	
					
Excess (Deficiency) of Revenues over Expenditures	$	1,230		$	1,786		

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	6,646	

$	6,646	

$	6,646	

$	-	
Total Other Financing Sources (Uses)	$	6,646	$	6,646	$	6,646	$	-	
					
Net Change in Fund Balance	$	7,875		$	8,432		
					
Fund Balance - Beginning	$	87,444		$	76,771		
					
Fund Balance - Ending	$	95,319		$	85,203		

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

Revenues:														
Assessments	$	-	$	4,511	$	433,452	$	-	$	2,009	$	1,157	$	12	$	-	$	-	$	-	$	-	$	-	$  441,141	
Other Income	$	-	$	75	$	-	$	-	$	-	$	-	$	60	$	-	$	-	$	-	$	-	$	-	$	135	
Interest	$	-	$	-	$	-	$	-	$	-	$	230	$	1,715	$	-	$	-	$	-	$	-	$	-	$	1,945	
Total Revenues	$	-	$	4,586	$	433,452	$	-	$	2,009	$	1,387	$	1,787	$	-	$	-	$	-	$	-	$	-	$  443,220	

Expenditures:									
General & Administrative:									
Supervisor Fees	$	-	$	1,000	$	-	$	-	$	1,000	$	-	$	1,000	$	-  $	-  $	-  $	-  $	-  $	3,000	
Employer FICA	$	-	$	-	$	-	$	-	$	77	$	-	$	77	$	-  $	-  $	-  $	-  $	-  $	153	
Engineering	$	-	$	640	$	-	$	305	$	-	$	638	$	-	$	-  $	-  $	-  $	-  $	-  $	1,583	
Attorney	$	1,213	$	2,117	$	1,180	$	1,926	$	1,008	$	1,695	$	189	$	-  $	-  $	-  $	-  $	-  $	9,326	
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Assessment Administration	$	5,250	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	5,250	
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	-	
Dissemination	$	438	$	438	$	438	$	438	$	438	$	438	$	438	$	-  $	-  $	-  $	-  $	-  $	3,063	
Trustee Fees	$	2,478	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	2,478	
Management Fees	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	-  $	-  $	-  $	-  $	-  $	26,250	
Information Technology	$	158	$	158	$	158	$	158	$	158	$	158	$	158	$	-  $	-  $	-  $	-  $	-  $	1,103	
Website Administration	$	105	$	105	$	105	$	105	$	105	$	105	$	105	$	-  $	-  $	-  $	-  $	-  $	735	
Postage & Delivery	$	13	$	18	$	3	$	147	$	27	$	44	$	26	$	-  $	-  $	-  $	-  $	-  $	279	
Insurance	$	6,817	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	6,817	
Copies	$	4	$	-	$	7	$	34	$	7	$	4	$	24	$	-  $	-  $	-  $	-  $	-  $	80	
Legal Advertising	$	-	$	977	$	-	$	-	$	275	$	275	$	-	$	-  $	-  $	-  $	-  $	-  $	1,527	
Other Current Charges	$	41	$	41	$	41	$	41	$	44	$	44	$	44	$	-  $	-  $	-  $	-  $	-  $	297	
Office Supplies	$	0	$	0	$	0	$	1	$	0	$	0	$	0	$	-  $	-  $	-  $	-  $	-  $	2	
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-  $	175	
Subtotal General & Administrative	$	20,440	$	9,243	$	5,681	$	6,904	$	6,888	$	7,150	$	5,810	$	-  $	-  $	-  $	-  $	-  $	62,116	

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 Irrigation Repairs
General Repairs & Maintenance Contingency

$	12,058  $
$	1,325  $
$	3,400  $
$	-  $
$	2,980  $
$	75  $
$	189  $
$	142  $
$	831  $
$	-  $

-  $
1,325  $
3,400  $
-  $
2,980  $
64  $
105  $
-  $
-  $
-  $

-  $
1,325  $
3,400  $
-  $
2,980  $
66  $
127  $
174  $
1,365  $
-  $

-  $
1,325  $
3,400  $
-  $
2,980  $
72  $
105  $
94  $
-  $
7,920  $

-  $
1,325  $
3,400  $
-  $
2,925  $
65  $
118  $
82  $
-  $
1,500  $

-  $
1,325  $
3,400  $
-  $
2,925  $
65  $
326  $
867  $
-  $
6,449  $

-  $
1,325  $
3,400  $
-  $
2,944  $
59  $
292  $
124  $
-  $
-  $

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

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

-  $	12,058
-  $	9,275
-  $	23,803
-  $	-
-  $	20,713
-  $	466
-  $	1,261
-  $	1,484
-  $	2,196
-  $	15,869

Subtotal Field Expenditures	$	21,000  $	7,874  $	9,437  $	15,896  $	9,416  $	15,358  $	8,146  $	-  $	-  $	-  $	-  $	-  $	87,125

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

$	768  $
$	1,268  $
$	1,626  $
$	169  $
$	-  $
$	1,285  $
$	2,014  $
$	2,080  $
$	900  $
$	438  $
$	-  $

688  $
276  $
1,626  $
169  $
-  $
1,285  $
2,697  $
1,880  $
2,250  $
438  $
-  $

313  $
901  $
1,626  $
169  $
-  $
1,335  $
2,697  $
1,880  $
5,149  $
438  $
-  $

271  $
760  $
1,626  $
169  $
-  $
1,265  $
2,469  $
2,260  $
-  $
438  $
-  $

269  $
998  $
1,626  $
169  $
-  $
1,295  $
2,469  $
2,150  $
1,395  $
438  $
-  $

280  $
835  $
1,626  $
169  $
80  $
1,285  $
3,893  $
1,975  $
200  $
438  $
-  $

289  $
820  $
1,626  $
191  $
80  $
1,290  $
2,469  $
1,975  $
-  $
438  $
-  $

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

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

-  $	2,879
-  $	5,857
-  $	11,382
-  $	1,206
-  $	160
-  $	9,040
-  $	18,708
-  $	14,200
-  $	9,893
-  $	3,063
-  $	-

Other Financing Sources/Uses:

Transfer In/(Out) - Capital Reserves

$

-  $

-  $

-  $

-  $

-  $

(6,646)  $

-  $

-  $

-  $

-  $

-  $

-  $

(6,646)

Net Change in Fund Balance	$	(51,987)  $	(23,840)  $	403,827  $	(32,057)  $	(25,105)  $	(38,547)  $	(21,346)  $	-  $	-  $	-  $	-  $	-  $  210,945

Total Other Financing Sources/Uses	$	-  $	-  $	-  $	-  $	-  $	(6,646)  $	-  $	-  $	-  $	-  $	-  $	-  $	(6,646)

Excess Revenues (Expenditures)	$	(51,987)  $	(23,840)  $	403,827  $	(32,057)  $	(25,105)  $	(31,901)  $	(21,346)  $	-  $	-  $	-  $	-  $	-  $  217,591

Total Expenditures	$	51,987  $	28,426  $	29,625  $	32,057  $	27,113  $	33,288  $	23,134  $	-  $	-  $	-  $	-  $	-  $  225,629

Subtotal Amenity Expenditures	$	10,547  $	11,309  $	14,508  $	9,258  $	10,809  $	10,780  $	9,178  $	-  $	-  $	-  $	-  $	-  $	76,388

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)	
LESS: PRINCIPAL PAYMENT - 05/01/24	($125,000)	
CURRENT BONDS OUTSTANDING	$6,260,000	

Lucerne Park
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2025

ON ROLL ASSESSMENTS

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

52%	48%	100%

Date	
Distribution	
Gross Amount	
Discount/Penalty	
Commission	
Interest	
Net Receipts	
General Fund	2019 Debt Service	
Total	

11/12/24	
10/21/24	
$	1,361.21	
$	(71.47)	
$	(25.79)	
$	-	
$	1,263.95	
$	651.45	
$	612.50	
$	1,263.95	
11/19/24	11/1 - 11/7/24	$	8,071.35	$	(322.87)	$	(260.44)	$	-	$	7,488.04	$	3,859.43	$	3,628.61	$	7,488.04	
12/6/24	11/16 - 11/26/24	$	65,235.42	$	(2,602.76)	$ (1,252.65)	$	-	$  61,380.01	$ 31,635.99	$	29,744.02	$ 61,380.01	
12/20/24	11/27 - 11/30/24	$ 815,206.35	$	(32,608.49)	$ (15,651.96)	$	-	$ 766,945.90	$ 395,293.06	$ 371,652.84	$ 766,945.90	
12/27/24	12/1 - 12/15/24	$	13,452.25	$	(538.05)	$	(258.28)	$	-	$  12,655.92	$	6,523.01	$	6,132.91	$ 12,655.92	
12/30/24	1% Fee Adj	$	(9,308.96)	$	-	$	-	$	-	$	(9,308.96)	$  (4,797.95)	$	(4,511.01)	$  (9,308.96)	
2/3/25	10/1-12/31/24	$	-	$	-	$	-	$	1,313.07	$	1,313.07	$	676.77	$	636.30	$	1,313.07	
2/10/25	1/1-1/31/25	$	2,690.45	$	(53.82)	$	(52.73)	$	-	$	2,583.90	$	1,331.77	$	1,252.13	$	2,583.90	
3/7/25	2/1-2/28/25	$	11,870.34	$	(80.73)	$	(235.79)	$	-	$  11,553.82	$	5,954.98	$	5,598.84	$ 11,553.82	
4/30/25	1/1-3/31/25	$	-	$	-	$	-	$	23.75	$	23.75	$	12.24	$	11.51	$	23.75	
	Total	$ 908,578.41	$	(36,278.19)	$ (17,737.64)	$	1,336.82	$ 855,899.40	$ 441,140.75	$ 414,758.65	$ 855,899.40	

99%	Net Percent Collected
$	9,833.60	Balance Remaining to Collect

Section 3

Melony Bell
Supervisor of Elections�-----
••	•	• • •

April 15, 2025

Brittany Brookes - Recording Secretary Lucerne Park CDD Office
219 E. Livingston Street Orlando, Florida 32801-1508

RE: Lucerne Park Community Development District Registered Voters

Dear Ms. Brookes,

In response to your request, there are currently 504 voters within the Lucerne Park Community Development District. This number of registered voters in said District is as of April 15, 2025.

Please do not hesitate to contact us if we can be of further assistance.

Sincerely,

Melony M. Bell Supervisor of Elections Polk County, Florida

P.O. Box 1460, Bartow, FL 33831 • Phone: (863) 534-5888
PolkElections.gov

Para asistencia en Espanol, por favor de llamar al (863) 534-5888

Section 4

BOARD OF SUPERVISORS MEETING DATES LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2026
The Board of Supervisors of the Lucerne Park Community Development District will hold their regular meetings for Fiscal Year 2026 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 16, 2025
November 20, 2025
December 18, 2025
January 15, 2026
February 19, 2026
March 19, 2026
April 16, 2026
May 21, 2025
June 18, 2026
July 16, 2026
August 20, 2026
September 17, 2026

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

Section 5

Lucerne Park Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2025 – September 30, 2026

 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

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