Lucerne Park Community Development District

Meeting Agenda July 17, 2025

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Lucerne Park
Community Development District

219 East Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
July 10, 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, July 17, 2025 at 9:30 AM at the Holiday Inn Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, FL 33880.
Those members of the public wishing to attend the meeting can do so using the information below:

Zoom Video Link: https://us06web.zoom.us/j/81383325585
Call-In Information: 305-224-1968
Meeting ID: 813-8332-5585

Board of Supervisors Meeting
Roll Call
Public Comment Period
Approval of Minutes of the June 19, 2025 Board of Supervisors Meeting
Consideration of Resolution 2025-08 Appointing and Removing an Assistant Secretary
Consideration of Resolution 2025-09 Authorizing Spending Limits
Presentation of Arbitrage Rebate Calculation Report – Series 2019
Staff Reports
Attorney
Engineer
Field Manager’s Report
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Other Business
Supervisors Requests
Adjournment

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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, June 19, 2025, at 9:32 a.m. at the Holiday Inn, Winter Haven, 200 Cypress Gardens Blvd., Winter Haven, Florida and via Zoom.

Present and constituting a quorum:

Bobbie Henley	Chairperson
Lindsey Roden	Vice Chairperson
Diana Macecsko by Zoom	Assistant Secretary
Joan Griffin	Assistant Secretary
Catherine Gonzalez by Zoom	Assistant Secretary Also present were:
Tricia Adams	District Manager, GMS
Katie O’Rourke	District Manager, GMS
Monica Virgen	District Manager, GMS
Savannah Hancock	District Counsel, Kilinski Van Wyk Meredith Hammock by Zoom	District Counsel, Kilinski Van Wyk Joey Duncan by Zoom	District Engineer, Dewberry
Chace Arrington by Zoom	District Engineer, Dewberry
Marshall Tindall	Field Manager, GMS

FIRST ORDER OF BUSINESS	Roll Call
Ms. Virgen called the meeting to order. Three Board members were in attendance, constituting a quorum. Ms. Macecsko and Ms. Gonzalez participated by Zoom.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Virgen stated there are no members of the public present. She asked for comments via Zoom. There being no comments, the next item followed.

THIRD ORDER OF BUSINESS	Public Hearing
Ms. Virgen stated this is a public hearing for adoption of the Fiscal Year 2026 budget. She asked for a motion to open the public hearing.

Consideration of Resolution 2025-06 Adopting the District’s Fiscal Year 2026 Budget
and Appropriating Funds
Ms. Virgen provided an overview of the Fiscal Year 2026 budget starting October 1, 2025 and ending September 30, 2026. The notice has been published and the budget was posted on the website. She noted there were not many changes from the budget last presented, with the actuals posted from April 30, 2025. She added the assessments are the same as 2025 and the proposed revenue for 2026 is $447,990. She reviewed the expected amounts for each budget item and net assessments at $446,207 with total gross assessments at $479,792. She noted there were 346 units within the District and each unit will be assessed. She explained capital transfer amounts and the process.
Ms. Virgen noted the debt service fund is for the Series 2019 bond service and there is one bond issuance with 346 units assessed at the total gross amount of $1,304. She reviewed the expenses, the amortization schedule, the capital reserve fund with a $7,386 transfer. The total revenues in the capital are $85,203 as of April 30th.
Ms. Virgen stated this is the time for public comments. Hearing no comments, Ms. Virgen asked for a motion to close the public hearing.

Ms. Virgen stated this resolution will adopt the budget and asked for a motion to approve.

Consideration of Resolution 2025-07 Imposing Special Assessments and Certifying an Assessment Roll
Ms. Virgen stated we are required to adopt a method of collection, and this resolution allows for the collection on the Polk County assessment roll and certifies the assessment roll.

FOURTH ORDER OF BUSINESS	Approval of Minutes of the March 20,
2025 Board of Supervisors Meeting
Ms. Virgen presented the minutes from the March 20, 2025, Board of Supervisors meeting. She added that staff had reviewed the minutes, and she was happy to take any comments or corrections.

FIFTH ORDER OF BUSINESS	Review and Acceptance of Fiscal Year
2024 Financial Audit Report
Ms. Virgen stated this is the financial audit report and this was performed by Grau & Associates. This letter notes there are no findings, or recommendations, and the District’s financial records are in compliance with the Audit General with the state of Florida. This is a clean audit.

SIXTH ORDER OF BUSINESS	Discussion	of	Status	of	No
Parking/Standing Signs at Entrance of Community
Ms. Virgen stated the status of no parking/standing signs at the entrance of the community.
Discussion ensued on the languages for the signs.

SEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Hancock reminded the Board for the ethics training and filing of Form 1.

Engineer
Mr. Duncan stated there were no further comments.

Field Manager’s Report
Mr. Tindall reviewed field manager’ report to include hurricane updates and issues, on-site review and trampoline issue, repairs, playground status, general maintenance cleaning, pressure washing complete, and ask for any questions. It was noted one of the panels of the fence had some issues, the second entrance has the beginning of a sink hole, and a request for a covering of the pool for blocking the sun. Mr. Tindall stated he will look at options, discussed pricing, pool umbrellas, no staff on-site to oversee, and will provide options at the next meeting.

District Manager’s Report
Approval of Check Register
Ms. Adams presented the check register from March 7, 2025, through June 5, 2025, totaling
$554,702.57. A detailed check run summary follows the check register.

Balance Sheet and Income Statement
Ms. Virgen presented the unaudited financials through April 30, 2025. She added that it was for informational purposes only, but she could answer any questions.

Presentation of Registered Voters – 504
Ms. Virgen stated there were 504 registered voters in the District as of April 15, 2025. This is required by Florida statutes, and no action is required.

Approval of Fiscal Year 2026 Meeting Schedule
Ms. O’rourke stated the Fiscal Year 2026 meeting schedule is in the agenda package. She added all dates have been checked for accuracy and all are on the third Thursday of each month at 9:30 a.m. in the same location.

District Goals and Objectives
Adoption of Fiscal Year 2026 Goals & Objectives
Ms. Adams stated new law requires Florida CDDs to adopt goals and objectives. It is for consideration and is required by statutes. She reviewed the categories of each goal and objectives are effective October 21, 20265 through September 30, 2026.

Presentation of Fiscal Year 2025 Goals & Objectives Authorizing Chair to Execute
Ms. Adams stated this item will authorize the Chair to execute and sign the final report to be posted by December 1, 2025.

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

Secretary / Assistant Secretary	Chairman / Vice Chairman

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A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT APPOINTING AND REMOVING AN ASSISTANT SECRETARY, AND PROVIDING FOR AN EFFECTIVE DATE

Whereas, the Lucerne Park Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, pursuant to Chapter 190, Florida Statutes, the Board of Supervisors (“Board”), shall organize by electing one of its members as Chair and by electing Assistant Secretaries, and such other officers as the Board may deem necessary.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT:
SECTION 1.  DISTRICT OFFICERS.

Katie O’Rourke is appointed as Assistant Secretary.
Monica Virgen is removed as Assistant Secretary.

SECTION 2.	CONFLICTS. All Resolutions or parts of Resolutions in conflict herewith are hereby repealed to the extent of such conflict.

SECTION 3.	EFFECTIVE DATE. This Resolution shall become effective immediately upon its adoption.
Passed and adopted 17th day of July 2025

ATTEST:	LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

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A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT CONFIRMING AUTHORIZATION TO PAY INVOICES FOR WORK PREVIOUSLY APPROVED; AUTHORIZING THE CHAIR OR VICE CHAIR OF THE BOARD OF SUPERVISORS AND THE DISTRICT MANAGER TO ENTER INTO TIME SENSITIVE AND EMERGENCY CONTRACTS AND DISBURSE FUNDS FOR PAYMENT OF CERTAIN EXPENSES WITHOUT PRIOR APPROVAL OF THE BOARD OF SUPERVISORS; PROVIDING FOR A MONETARY THRESHOLD; AND PROVIDING FOR THE REPEAL OF PRIOR SPENDING AUTHORIZATIONS; PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, the Lucerne Park Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes; and
WHEREAS, Section 190.011(5), Florida Statutes, authorizes the District to adopt resolutions which may be necessary for the conduct of District business; and

WHEREAS, the Board of Supervisors of the District (“Board”) typically meets on an as needed basis, and in no event more than monthly, to conduct the business of the District, including approval of proposals, authorizing the entering into of agreements or contracts, and authorizing the payment of District operating and maintenance expenses; and

WHEREAS, the Board contracted with the District Manager to timely pay the District’s
vendors and perform other management functions; and
WHEREAS, the Board desires to confirm that the District Manager is authorized to pay invoices, regardless of the dollar amounts, for work previously approved by the Board and such payments do not need to be approved by the Board prior to payment; and
WHEREAS, the Board recognizes that certain time sensitive or emergency issues may arise from time to time that require approval outside of regular monthly meetings; and

WHEREAS, to conduct the business of the District in an efficient manner, recurring, non- recurring, and other disbursements for goods and services must be processed and paid in a timely manner; and
WHEREAS, the Board has determined that it is in the best interests of the District, and is necessary for the efficient administration of District operations; the health, safety, and welfare of the residents within the District; and the preservation of District assets and facilities, to authorize
limited spending authority to the Chair (or Vice Chair, if the Chair is unavailable) of the Board and the District Manager between regular monthly meetings, for work and services that are time sensitive and/or emergency in nature.

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

Authorization to Pay Invoices for Work Previously Approved. The District Manager is authorized to pay invoices, regardless of the dollar amounts, for work previously approved by the Board in accordance with such contracts and such payments do not need to be approved by the Board prior to payment nor do they need to be re-approved by the Board at a future meeting.

Limited Spending Authorization. The Board hereby authorizes the individuals stated below to exercise their judgment to enter into time sensitive and emergency contracts and disburse funds up to the amounts stated below, without prior Board approval for expenses
(1) that are required to provide for the health, safety, and welfare of the residents within the District; (2) for the maintenance, repair, or replacement of a District asset; or (3) to remedy an unforeseen disruption in services relating to the District’s facilities or assets, if such disruption would result in significantly higher expenses unless the contract is entered into immediately.
The District Manager may individually authorize such expense up to $2,500.00 per proposal and/or event.
The Chair (or Vice Chair, if the Chair is unavailable) may individually authorize such expenses up to $10,000.00 per proposal and/or event.
The District Manager and Chair (or Vice Chair, if the Chair is unavailable) may jointly authorize such expenses up to $25,000.00 per proposal and/or event.

Ratification of Spending Authorization at Future Meeting. Any payment made or contract entered into pursuant to this Resolution shall be submitted to the Board at the next scheduled meeting for approval and ratification.
Repeal of Prior Spending Authorizations. All prior spending authorizations approved by resolution or motion of the Board are hereby repealed.
Effective Date. This Resolution shall become effective immediately upon its adoption.
PASSED AND ADOPTED THIS 17th DAY OF JULY 2025.

ATTEST:	LUCERNE PARK COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairman, Board of Supervisors

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

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

Rebate Report to the Computation Date May 24, 2029
Reflecting Activity To May 31, 2025

TABLE OF CONTENTS

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

June 26, 2025

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

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

Dear Ms. Costa:
AMTEC has prepared certain computations relating to the above referenced bond issue (the “Bonds”) at the request of the Lucerne Park Community Development District (the “District”).
The scope of our engagement consisted of preparing the computations shown in the attached schedules to determine the Rebatable Arbitrage as described in Section 103 of the Internal Revenue Code of 1954, Section 148(f) of the Internal Revenue Code of 1986, as amended (the "Code"), and all applicable Regulations issued thereunder. The methodology used is consistent with current tax law and regulations and may be relied upon in determining the rebate liability. Certain computational methods used in the preparation of the schedules are described in the Summary of Computational Information and Definitions.

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

We have scheduled our next Report as of May 31, 2026. Thank you and should you have any questions, please do not hesitate to contact us.

Very truly yours,

Michael J. Scarfo
Senior Vice President	Trong M. Tran
Assistant Vice President	
SUMMARY OF REBATE COMPUTATIONS
Our computations, contained in the attached schedules, are summarized as follows: For the May 24, 2029 Computation Date
Reflecting Activity from May 24, 2019 through May 31, 2025

Fund Description	Taxable Inv Yield	Net Income	Rebatable Arbitrage	
Acquisition & Construction Account	1.715063%	34,090.36	(92,049.21)	
Reserve Account	1.786120%	31,350.45	(71,693.49)	
Interest Account	1.454984%	3,063.39	(10,532.91)	
Cost of Issuance Account	1.836318%	5.07	(12.32)	
Totals	1.731899%	$68,509.27	$(174,287.93)	
Bond Yield	4.695610%			
Rebate Computation Credits	(15,537.97)			
Net Rebatable Arbitrage	$(189,825.90)			

Based upon our computations, no rebate liability exists.
SUMMARY OF COMPUTATIONAL INFORMATION AND DEFINITIONS
COMPUTATIONAL INFORMATION

For purposes of computing Rebatable Arbitrage, investment activity is reflected from May 24, 2019, the date of the closing, to May 31, 2025, the Computation Period. All nonpurpose payments and receipts are future valued to the Computation Date of May 24, 2029.

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

For investment cash flow, debt service and yield computation purposes, all payments and receipts are assumed to be paid or received respectively, as shown on the attached schedules.
Purchase prices on investments are assumed to be at fair market value, representing an arm's length transaction.
During the period between May 24, 2019 and May 31, 2025, the District made periodic payments into the Interest, Sinking and Prepayment Accounts (collectively, the “Debt Service Fund”) that were used, along with the interest earned, to provide the required debt service payments.
Under Section 148(f)(4)(A), the rebate requirement does not apply to amounts in certain bona fide debt service funds. The Regulations define a bona fide debt service fund as one that is used primarily to achieve a proper matching of revenues with principal and interest payments within each bond year. The fund must be depleted at least once each bond year, except for a reasonable carryover amount not to exceed the greater of the earnings on the fund for the immediately preceding bond year or 1/12th of the principal and interest payments on the issue for the immediately preceding bond year.
We have reviewed the Debt Service Fund and have determined that the funds deposited have functioned as a bona fide debt service fund and are not subject to the rebate requirement.

DEFINITIONS

Computation Date
May 24, 2029.

Computation Period
The period beginning on May 24, 2019, the date of the closing, and ending on May 31, 2025.
Bond Year
Each one-year period (or shorter period from the date of issue) that ends at the close of business on the day in the calendar year that is selected by the Issuer. If no day is selected by the Issuer before the earlier of the final maturity date of the issue or the date that is five years after the date of issue, each bond year ends at the close of business on the anniversary date of the issuance.

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

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

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

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

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

Accounts	Account Number	
Revenue	217591000	
Interest	217591001	
Sinking	217591002	
Reserve	217591003	
Prepayment	217591004	
Acquisition & Construction	217591005	
Cost of Issuance	217591006	
METHODOLOGY
Bond Yield
The methodology used to calculate the bond yield was to determine the discount rate that produces the present value of all payments of principal and interest through the maturity date of the Bonds.

Investment Yield and Rebate Amount
The methodology used to calculate the Rebatable Arbitrage, as of May 31, 2025, was to calculate the future value of the disbursements from all funds, subject to rebate, and the value of the remaining bond proceeds, at the yield on the Bonds, to May 24, 2029. This figure was then compared to the future value of the deposit of bond proceeds into the various investment accounts at the same yield. The difference between the future values of the two cash flows, on May 24, 2029, is the Rebatable Arbitrage.
$7,025,000
Lucerne Park Community Development District (City of Winter Haven, Florida)
Special Assessment Bonds, Series 2019 Delivered: May 24, 2019

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

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

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

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

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

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

13,518,553.56	6,991,974.70

Proceeds Summary

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

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

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

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

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

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)

05/24/19	Beg	Bal	-5,914,177.69	-9,407,300.53	
05/24/19			204,585.00	325,420.15	
05/24/19			141,744.55	225,463.90	
06/28/19			737,286.04	1,167,623.80	
06/28/19			673.00	1,065.82	
06/28/19			3,040.00	4,814.38	
06/28/19			118,743.08	188,050.82	
06/28/19			30,000.00	47,510.34	
06/28/19			20,341.00	32,213.60	
06/28/19			3,800.00	6,017.98	
06/28/19			4,956.25	7,849.10	
06/28/19			57,860.00	91,631.62	
07/10/19			2,655.00	4,198.17	
07/10/19			367,771.76	581,531.71	
07/10/19			105,444.50	166,732.00	
07/16/19			-105,444.50	-166,603.07	
07/23/19			102,281.17	161,459.21	
07/23/19			6,000.00	9,471.49	
07/23/19			3,247.50	5,126.44	
07/23/19			2,321.69	3,664.98	
07/23/19			47,890.84	75,599.62	
07/25/19			373,117.67	588,844.96	
07/26/19			-360,552.40	-568,941.41	
08/20/19			150.00	235.96	
09/06/19			6,000.00	9,419.13	
09/12/19			3,000.00	4,705.92	
09/12/19			36,580.27	57,381.31	
09/12/19			560,857.72	879,784.35	
09/12/19			634,977.84	996,052.20	
09/12/19			20,957.60	32,874.95	
09/12/19			897.50	1,407.86	
10/01/19			810,343.44	1,268,027.89	
10/01/19			5,000.00	7,824.02	
10/01/19			1,200.00	1,877.76	
10/01/19			3,000.00	4,694.41	
10/01/19			58,440.10	91,447.25	
10/16/19			13,566.04	21,187.17	
10/21/19			65,737.82	102,601.84	
10/21/19			855.00	1,334.46	
10/21/19			3,000.00	4,682.32	
10/28/19			12,690.00	19,788.35	
10/28/19			3,000.00	4,678.10	
11/07/19			3,000.00	4,672.67	
11/07/19			6,300.00	9,812.61	
11/07/19			28,150.00	43,845.23	
11/08/19			664,730.79	1,035,222.69	
11/19/19			150,754.81	234,446.23	
11/21/19			3,000.00	4,664.24	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)

12/05/19	447,248.56	694,104.98	
12/09/19	3,000.00	4,653.43	
12/19/19	3,000.00	4,647.44	
12/19/19	1,312.90	2,033.87	
12/30/19	252.00	389.83	
01/02/20	86.00	133.00	
01/02/20	13,445.00	20,793.39	
01/03/20	3,000.00	4,639.06	
01/23/20	3,000.00	4,627.11	
01/23/20	5,000.00	7,711.85	
02/04/20	88,155.49	135,775.70	
02/26/20	7,255.00	11,142.39	
02/26/20	12,434.80	19,097.64	
02/26/20	3,000.00	4,607.47	
02/26/20	3,000.00	4,607.47	
02/27/20	1,485.00	2,280.40	
02/27/20	1,091.25	1,675.75	
03/04/20	884.23	1,356.62	
03/04/20	1,305.66	2,003.19	
03/04/20	884.23	1,356.62	
03/04/20	884.23	1,356.62	
03/04/20	1,056.48	1,620.89	
03/06/20	3,000.00	4,601.53	
03/06/20	578.31	887.04	
03/16/20	1,789.86	2,741.83	
03/18/20	75.00	114.86	
03/23/20	3,000.00	4,591.46	
03/26/20	1,228.50	1,879.47	
04/06/20	71,767.00	109,654.38	
04/13/20	96,510.54	147,327.56	
04/13/20	29,074.36	44,383.28	
04/13/20	3,000.00	4,579.63	
04/13/20	53,705.89	81,984.39	
04/13/20	5,030.98	7,680.01	
04/13/20	825.00	1,259.40	
04/13/20	45,278.82	69,120.10	
05/18/20	3,000.00	4,559.01	
05/18/20	2,320.50	3,526.40	
05/18/20	10,779.25	16,380.91	
05/18/20	23,499.20	35,711.05	
05/18/20	1,600.00	2,431.47	
06/08/20	5,798.00	8,788.36	
06/08/20	2,034.00	3,083.05	
06/08/20	1,000.00	1,515.76	
06/08/20	441.00	668.45	
06/08/20	347.50	526.73	
06/08/20	450.00	682.09	
06/09/20	-5,030.98	-7,624.76	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)	
06/09/20		-45,278.82	-68,622.86	
07/07/20		1,067.00	1,611.28	
07/07/20		20,705.00	31,266.64	
07/22/20		-26,852.95	-40,472.32	
08/03/20		156.25	235.16	
08/04/20		50,309.80	75,708.87	
08/21/20		272.00	408.42	
09/28/20		5,708.52	8,530.89	
01/07/21		531.25	783.84	
04/21/21		12,511.56	18,214.44	
05/17/21		3,303.48	4,793.14	
05/27/21		-3,303.48	-4,786.96	
06/15/21		-210,021.87	-303,630.37	
06/22/21		213,325.42	308,128.14	
05/31/22	de minimis	0.25	0.35	
05/24/29	TOTALS:	34,090.36	-92,049.21	

ISSUE DATE:	05/24/19	REBATABLE ARBITRAGE:	-92,049.21	
COMP DATE:	05/24/29	NET INCOME:	34,090.36	
BOND YIELD: 4.695610%	TAX INV YIELD:	1.715063%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)

05/24/19	Beg	Bal	-438,071.88	-696,812.65	
06/04/19			191.14	303.64	
07/02/19			705.06	1,116.01	
08/02/19			722.01	1,138.43	
09/04/19			641.26	1,006.94	
10/02/19			608.94	952.75	
11/04/19			546.30	851.22	
12/03/19			466.56	724.26	
01/03/20			457.92	708.11	
02/04/20			444.87	685.18	
03/03/20			414.96	636.73	
04/02/20			180.67	276.19	
05/04/20			2.19	3.33	
06/02/20			2.24	3.40	
06/04/20			9,272.80	14,062.57	
07/02/20			2.11	3.19	
08/04/20			2.19	3.30	
09/02/20			2.19	3.28	
09/17/20			8,522.40	12,754.06	
10/02/20			2.09	3.12	
11/03/20			2.14	3.18	
12/02/20			2.08	3.08	
01/05/21			2.14	3.16	
02/02/21			2.14	3.15	
03/02/21			1.94	2.84	
04/02/21			2.14	3.12	
05/04/21			232.93	338.53	
05/04/21			2.08	3.02	
06/02/21			2.14	3.10	
06/15/21			210,021.87	303,630.37	
07/02/21			1.52	2.19	
08/03/21			1.07	1.54	
09/02/21			1.07	1.53	
10/04/21			1.03	1.47	
11/02/21			1.07	1.52	
12/02/21			1.04	1.47	
12/30/21			0.02	0.03	
01/04/22			1.07	1.51	
02/02/22			1.07	1.50	
03/02/22			0.96	1.34	
04/04/22			1.08	1.50	
05/03/22			1.03	1.43	
06/02/22			52.94	73.19	
07/05/22			120.90	166.43	
08/02/22			211.07	289.55	
09/02/22			317.95	434.48	
10/04/22			363.21	494.29	
11/02/22			475.73	645.08	

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)	
12/02/22		579.75	783.09	
01/04/23		655.00	881.09	
02/02/23		697.41	934.76	
03/02/23		668.46	892.50	
04/04/23		755.62	1,004.72	
05/02/23		763.04	1,010.93	
06/02/23		830.10	1,095.53	
07/05/23		812.49	1,067.74	
08/02/23		848.90	1,111.71	
09/05/23		881.41	1,149.38	
10/03/23		853.53	1,109.02	
11/02/23		883.72	1,143.96	
12/04/23		857.21	1,105.07	
12/22/23		0.21	0.27	
01/03/24		885.51	1,137.30	
02/02/24		881.24	1,127.59	
03/04/24		820.95	1,046.12	
04/02/24		875.73	1,111.90	
05/02/24		845.65	1,069.57	
06/04/24		874.26	1,101.20	
07/02/24		845.80	1,061.51	
08/02/24		872.78	1,091.15	
09/04/24		869.21	1,082.21	
10/02/24		812.69	1,008.19	
11/04/24		792.80	979.47	
12/03/24		740.29	911.18	
01/03/25		741.20	908.78	
02/04/25		714.08	872.04	
03/04/25		641.59	780.49	
04/02/25		704.27	853.65	
05/02/25		679.78	820.78	
05/31/25	Bal	210,021.88	252,671.84	
05/31/25	Acc	702.44	845.09	
05/24/29	TOTALS:	31,350.45	-71,693.49	

ISSUE DATE:	05/24/19	REBATABLE ARBITRAGE:	-71,693.49	
COMP DATE:	05/24/29	NET INCOME:	31,350.45	
BOND YIELD: 4.695610%	TAX INV YIELD:	1.786120%	

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)

05/24/19	Beg	Bal	-300,428.48	-477,872.18	
06/04/19			131.08	208.23	
07/02/19			483.53	765.36	
08/02/19			495.15	780.73	
09/04/19			439.77	690.55	
10/02/19			417.61	653.39	
11/01/19			139,962.24	218,167.88	
11/04/19			374.65	583.76	
12/03/19	from	COI	-305.07	-473.57	
12/03/19			170.90	265.30	
01/03/20			168.03	259.83	
02/04/20			163.27	251.47	
03/03/20			152.29	233.68	
04/02/20			66.31	101.37	
05/01/20			160,466.25	244,390.94	
05/04/20			0.80	1.22	
08/03/20			2,861.25	4,306.32	
08/03/20			-2,556.19	-3,847.19	
11/02/20			-154,743.75	-230,239.58	
11/02/20			154,743.75	230,239.58	
02/01/21			-115.63	-170.08	
02/01/21			115.63	170.08	
05/03/21			-153,726.88	-223,450.93	
05/03/21			153,726.88	223,450.93	
05/24/29	TOTALS:	3,063.39	-10,532.91		

ISSUE DATE:	05/24/19	
REBATABLE ARBITRAGE:	
-10,532.91			
COMP DATE:	05/24/29	NET INCOME:	3,063.39			
BOND YIELD: 4.695610%	TAX INV YIELD:	1.454984%			

ARBITRAGE REBATE CALCULATION DETAIL REPORT
FUTURE VALUE @
RECEIPTS	BOND YIELD OF
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)

05/24/19	Beg	Bal	-198,796.65	-316,212.99	
05/24/19			48,000.00	76,350.50	
05/24/19			45,000.00	71,578.59	
05/24/19			25,000.00	39,765.89	
05/24/19			43,500.00	69,192.64	
05/24/19			24,521.65	39,005.01	
05/24/19			5,500.00	8,748.49	
05/29/19			5,375.00	8,544.16	
05/30/19			5,475.00	8,701.99	
05/30/19			-5,375.00	-8,543.05	
06/04/19			1,500.00	2,382.88	
12/03/19	to Int	305.07	473.57		
05/24/29	TOTALS:	5.07	-12.32		

ISSUE DATE:	05/24/19	
REBATABLE ARBITRAGE:	
-12.32			
COMP DATE:	05/24/29	NET INCOME:	5.07			
BOND YIELD: 4.695610%	TAX INV YIELD:	1.836318%			

	ARBITRAGE REBATE CALCULATION DETAIL REPORT			
	
RECEIPTS	FUTURE VALUE @ BOND YIELD OF		
DATE	DESCRIPTION	(PAYMENTS)	(4.695610%)	
05/24/20		-1,760.00	-2,672.55	
05/24/21		-1,780.00	-2,580.34	
05/24/22		-1,830.00	-2,532.51	
05/24/23		-1,960.00	-2,589.40	
05/24/24		-2,070.00	-2,610.69	
05/24/25		-2,120.00	-2,552.49	
05/24/29	TOTALS:	-11,520.00	-15,537.97	

ISSUE DATE:	05/24/19	REBATABLE ARBITRAGE: -15,537.97 COMP DATE:	05/24/29
BOND YIELD: 4.695610%

!!"#$%& 7

!!"#$%& "

This item will be provided under separate cover

!!"#$%& "

!!"#$%& i

Summary of Check Register

June 6, 2025 through July 3, 2025

General Fund					
	6/10/25	764-765	$	4,593.87	
	6/18/25	766-769	$	11,856.43	
	6/25/25	770-771	$	945.92	
7/1/25	772-773	 $	2,076.01 
$	19,472.23

Payroll	June 6, 2025 through July 3, 2025

BOBBIE HENLEY	50010	$	184.70	
CATHERINE GONZALEZ	50011	$	184.70	
DIANA MACECSKO	50012	$	184.70	
JOAN GRIFFIN	50013	$	184.70	
LINDSEY RODEN	50014	 $	184.70 		
		$	923.50		
	Total Amount	$	20,395.73		
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/10/25	PAGE	1
*** CHECK DATES 06/06/2025 - 07/03/2025 ***	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	#
6/10/25 00023	6/04/25 06042025 202506 300-20700-10000	*	1,327.52
TRSNSFER OF TAX RCPT S19
LUCERNE PARK CDD / US BANK	1,327.52 000764
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/10/25 00046	5/31/25 12179751 202505 330-57200-34500	*	3,266.35
SECURITY SVCS MAY25
SECURITAS SECURITY	3,266.35 000765
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
254	202506 320-53800-12000	*	1,325.00
FIELD MANAGEMENT-JUN25
255	202506 310-51300-34000	*	3,750.00
MANAGEMENT FEES-JUN25
255	202506 310-51300-35200	*	105.00
WEBSITE MANAGEMENT-JUN25
255	202506 310-51300-35100	*	157.50
INFORMATION TECH-JUN25
255	202506 310-51300-31300	*	437.50
DISSEMINATION SVCS-JUN25
6/01/25 255	202506 330-57200-12000	*	437.50
AMENITY ACCESS-JUN25
6/01/25 255	202506 310-51300-51000	*	.27
OFFICE SUPPLIES
6/01/25 255	202506 310-51300-42000	*	6.24
POSTAGE
GOVERNMENTAL MANAGEMENT SERVICES-CF	6,219.01 000766
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/18/25 00034	6/14/25 12493	202505 310-51300-31500	*	262.00
ATTORNEY SVCS-MAY25
KILINSKI VAN WYK PLLC	262.00 000767
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/18/25 00027	6/01/25 27667	202506 330-57200-46300	*	1,975.00
POOL MAINTENANCE-JUN25
MCDONNELL CORPORATION DBA RESORT	1,975.00 000768
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/18/25 00019	6/01/25 18260	202506 320-53800-46200	*	3,400.42
LANDSCAPE MAINT-JUN25
PRINCE & SONS INC.	3,400.42 000769
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/25/25 00053	5/31/25 00071438 202505 310-51300-48000	*	639.92
NOT OF WORKSHOP MTG
GANNETT MEDIA CORP DBA GANNETT	639.92 000770
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/25/25 00059	6/24/25 06242025 202506 300-21700-10000	*	306.00
Q2 IRS TAX PAYMENT FY25
UNITED STATES TREASURY	306.00 000771
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LUCP LUC PARK CDD	ZYAN
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/10/25	PAGE	2
*** CHECK DATES 06/06/2025 - 07/03/2025 ***	LUCERNE PARK - GENERAL
BANK A LUCERNE PARK CDD

SPEC ASSESS BONDS S2019

EQUIPMENT LEASE-AUG25
1,626.01

TOTAL FOR BANK A	19,472.23
TOTAL FOR REGISTER	19,472.23

LUCP LUC PARK CDD	ZYAN

!!"#$%& ii

Lucerne Park
Community Development District

Unaudited Financial Reporting
May31,2025

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
May 31, 2025

	General		Debt Service		Capital Reserve		Totals		
	Fund		Fund		Fund	Governmental Funds			
Assets:									
Cash:									
Operating Account	$	45,809	$	-	$	-	$	45,809	
Money Market Account	$	-	$	-	$	85,474	$	85,474	
State Board of Administration	$	468,722	$	-	$	-	$	468,722	
Investments:									
Series 2019									
Reserve	$	-	$	210,022	$	-	$	210,022	
Revenue	$	-	$	229,813	$	-	$	229,813	
Prepayment	$	-	$	2,151	$	-	$	2,151	
Due from General Fund	$	-	$	1,328	$	-	$	1,328	
Prepaid Expenses	$	1,626	$	-	$	-	$	1,626	
Total Assets	$	516,157	$	443,313	$	85,474	$	1,044,945	

Liabilities:									
Accounts Payable	$	5,538	$	-	$	-	$	5,538	
Due to Debt Service	$	1,328	$	-	$	-	$	1,328	
Employee FICA	$	153	$	-	$	-	$	153	
Total Liabilites	$	7,019	$	-	$	-	$	7,019	

Fund Balance:									
Deposits and Prepaid Items	$	1,626	$	-	$	-	$	1,626	
Restricted for:									
Debt Service 2019	$	-	$	443,313	$	-	$	443,313	
Unassigned	$	507,512	$	-	$	85,474	$	592,987	
Total Fund Balances	$	509,138	$	443,313	$	85,474	$	1,037,926	
									
Total Liabilities & Fund Balance	$	516,157	$	443,313	$	85,474	$	1,044,945	

Revenues:

Assessments	$	446,207	$	446,207	$	442,540	$	(3,667)	
Interest	$	-	$	-	$	3,722	$	3,722	
Other Income	$	-	$	-	$	165	$	165	
Total Revenues	$	446,207	$	446,207	$	446,428	$	220	

Expenditures:									
General & Administrative:									
Supervisor Fees	$	12,000	$	8,000	$	3,000	$	5,000	
Employer FICA	$	-	$	-	$	153	$	(153)	
Engineering	$	20,000	$	13,333	$	1,583	$	11,751	
Attorney	$	25,000	$	16,667	$	9,588	$	7,079	
Annual Audit	$	4,800	$	3,900	$	3,900	$	-	
Assessment Administration	$	5,250	$	5,250	$	5,250	$	-	
Arbitrage	$	450	$	-	$	-	$	-	
Dissemination	$	5,250	$	3,500	$	3,500	$	-	
Trustee Fees	$	4,337	$	2,478	$	2,478	$	-	
Management Fees	$	45,000	$	30,000	$	30,000	$	-	
Information Technology	$	1,890	$	1,260	$	1,260	$	-	
Website Administration	$	1,260	$	840	$	840	$	-	
Postage & Delivery	$	900	$	600	$	294	$	306	
Insurance	$	6,817	$	6,817	$	6,817	$	-	
Copies	$	500	$	333	$	112	$	221	
Legal Advertising	$	3,000	$	2,000	$	2,167	$	(167)	
Other Current Charges	$	1,000	$	667	$	341	$	326	
Office Supplies	$	350	$	233	$	3	$	231	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Subtotal General & Administrative	$	137,979	$	96,054	$	71,459	$	24,594	

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	$
10,600	$
30,533	$
6,667	$
25,649	$
1,333	$
2,333	$
5,000	$
8,000	$
5,000	$

12,058	$
10,600	$
27,203	$
-	$
23,657	$
525	$
1,491	$
1,484	$
2,196	$
15,869	$

4,060
- 3,330
6,667
1,992
808
843
3,516
5,804
(10,869)

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	$

6,733	$
4,000	$
13,008	$
1,333	$
400	$
10,773	$
23,333	$
15,800	$
6,667	$
3,500	$
9,646	$

3,169	$
6,678	$
13,008	$
1,397	$
240	$
10,380	$
21,974	$
16,175	$
9,893	$
3,500	$
-	$

3,564
(2,678)
- (64)
160
393
1,359
(375)
(3,227)
- 9,646

Other Financing Sources/(Uses):

Transfer In/(Out) - Capital Reserves
$	(6,646)	$
(6,646)	$
(6,646)	$	-

	Adopted	Prorated Budget		Actual					
		Budget	Thru 05/31/25	Thru 05/31/25		Variance			

Revenues:									
Assessments	$	419,524	$	419,524	$	416,075	$	(3,449)	
Interest	$	10,432	$	10,432	$	14,194	$	3,763	
Total Revenues	$	429,956	$	429,956	$	430,269	$	313	

Expenditures:									
Interest - 11/1	$	144,797	$	144,797	$	144,797	$	-	
Principal - 5/1	$	130,000	$	130,000	$	130,000	$	-	
Interest - 5/1	$	144,797	$	144,797	$	144,797	$	-	
Total Expenditures	$	419,594	$	419,594	$	419,594	$	-	
									
Excess (Deficiency) of Revenues over Expenditures	$	10,362			$	10,675			
									
Fund Balance - Beginning	$	218,764			$	432,638			
									
Fund Balance - Ending	$	229,126			$	443,313			

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/25	Thru 05/31/25	Variance	

Revenues

Interest	

$	1,230	

$	1,230	

$	2,058	

$	828										
Total Revenues	$	1,230	$	1,230	$	2,058	$	828										

Expenditures:

Capital Outlay	

$	-	

$	-	

$	-	

$	-										
Total Expenditures	$	-	$	-	$	-	$	-										
														
Excess (Deficiency) of Revenues over Expenditures	$	1,230		$	2,058											

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		$	8,704											
														
Fund Balance - Beginning	$	87,444		$	76,771											
														
Fund Balance - Ending	$	95,319		$	85,474											
	Oct	Nov	Dec	Jan	Feb	March	April	May	June	July	Aug	Sept	Total	

Revenues:														
Assessments	$	-	$	4,511	$	433,452	$	-	$	2,009	$	1,157	$	12	$	1,400	$	-	$	-	$	-	$	-	$  442,540	
Other Income	$	-	$	75	$	-	$	-	$	-	$	-	$	60	$	30	$	-	$	-	$	-	$	-	$	165	
Interest	$	-	$	-	$	-	$	-	$	-	$	230	$	1,715	$	1,777	$	-	$	-	$	-	$	-	$	3,722	
Total Revenues	$	-	$	4,586	$	433,452	$	-	$	2,009	$	1,387	$	1,787	$	3,207	$	-	$	-	$	-	$	-	$  446,428	

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	$	262	$	-  $	-  $	-  $	-  $	9,588					
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,900	$	-  $	-  $	-  $	-  $	3,900					
Assessment Administration	$	5,250	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	5,250					
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-					
Dissemination	$	438	$	438	$	438	$	438	$	438	$	438	$	438	$	438	$	-  $	-  $	-  $	-  $	3,500					
Trustee Fees	$	2,478	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	2,478					
Management Fees	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	-  $	-  $	-  $	-  $	30,000					
Information Technology	$	158	$	158	$	158	$	158	$	158	$	158	$	158	$	158	$	-  $	-  $	-  $	-  $	1,260					
Website Administration	$	105	$	105	$	105	$	105	$	105	$	105	$	105	$	105	$	-  $	-  $	-  $	-  $	840					
Postage & Delivery	$	13	$	18	$	3	$	147	$	27	$	44	$	26	$	14	$	-  $	-  $	-  $	-  $	294					
Insurance	$	6,817	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	6,817					
Copies	$	4	$	-	$	7	$	34	$	7	$	4	$	24	$	33	$	-  $	-  $	-  $	-  $	112					
Legal Advertising	$	-	$	977	$	-	$	-	$	275	$	275	$	-	$	640	$	-  $	-  $	-  $	-  $	2,167					
Other Current Charges	$	41	$	41	$	41	$	41	$	44	$	44	$	44	$	44	$	-  $	-  $	-  $	-  $	341					
Office Supplies	$	0	$	0	$	0	$	1	$	0	$	0	$	0	$	0	$	-  $	-  $	-  $	-  $	3					
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	175					
Subtotal General & Administrative	$	20,440	$	9,243	$	5,681	$	6,904	$	6,888	$	7,150	$	5,810	$	9,344	$	-  $	-  $	-  $	-  $	71,459					

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  $
-  $
-  $

-  $	-  $
1,325  $	-  $
3,400  $	-  $
-  $	-  $
2,944  $	-  $
59  $	-  $
229  $	-  $
-  $	-  $
-  $	-  $
-  $	-  $

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

-  $	12,058
-  $	10,600
-  $	27,203
-  $	-
-  $	23,657
-  $	525
-  $	1,491
-  $	1,484
-  $	2,196
-  $	15,869

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  $
-  $

290  $	-  $
822  $	-  $
1,626  $	-  $
191  $	-  $
80  $	-  $
1,340  $	-  $
3,266  $	-  $
1,975  $	-  $
-  $	-  $
438  $	-  $
-  $	-  $

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

-  $	3,169
-  $	6,678
-  $	13,008
-  $	1,397
-  $	240
-  $	10,380
-  $	21,974
-  $	16,175
-  $	9,893
-  $	3,500
-  $	-

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)	
LESS: PRINCIPAL PAYMENT - 05/01/25	($130,000)	
CURRENT BONDS OUTSTANDING	$6,130,000	
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	
5/9/25	4/1-4/30/25	$	2,771.15	$	-	$	(55.42)	$	-	$	2,715.73	$	1,399.72	$	1,316.01	$	2,715.73	
	Total	$ 911,349.56	$	(36,278.19)	$ (17,793.06)	$	1,336.82	$ 858,615.13	$ 442,540.47	$ 416,074.66	$ 858,615.13