Cypress Park Estates Community Development District
Meeting Agenda July 25, 2023

Cypress Park Estates
Community Development District

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

July 18, 2023

Board of Supervisors Cypress Park Estates
Community Development District

Dear Board Members:

The regular meeting of the Board of Supervisors of the Cypress Park Estates Community Development District will be held Tuesday, July 25, 2023 at 11:00 AM at the Lake Alfred Public Library, 245 N. Seminole Ave., Lake Alfred, FL 33850.

Zoom Link: https://us06web.zoom.us/j/82131226228
Call-In Information: 1-646-876-9923
Meeting ID: 821 3122 6228

Following is the advance agenda for the meeting:

Board of Supervisors Meeting

Roll Call
Public Comment Period (1Speakers may submit questions and comments to the District Manager prior to the beginning of the meeting via email at jburns@gmscfl.com)
Approval of Minutes of the April 25, 2023 Board of Supervisors Meeting
Consideration of Resolution 2023-05 Setting a Public Hearing on the Adoption of Parking and Towing Policies for the District
Discussion Regarding Parking Policy Procedures
Public Hearings
Public Hearing on the Adoption of the Fiscal Year 2024 Budget
Consideration of Resolution 2023-06 Adopting the District’s Fiscal Year 2024 Budget and Appropriating Funds
Public Hearing on the Imposition of Operations and Maintenance Special Assessments
Consideration of Resolution 2023-07 Imposing Special Assessments and Certifying an Assessment Roll
Consideration of Resolution 2023-08 Designation of a Regular Monthly Meeting Date, Time, and Location for Fiscal Year 2024
Consideration of Resolution 2023-09 Appointing an Assistant Treasurer

1 Comments will be limited to three (3) minutes
Acceptance of Fiscal Year 2022 Audit Report
Staff Reports
Attorney
Memo Regarding Ethics Training for Elected Officials
Engineer
Acceptance of Annual District Engineering Report
Field Manager’s Report
Presentation of Conveyance Report for District Tree Replacement
District Manager’s Report
Approval of Check Register
Balance Sheet & Income Statement
Ratification of Change Order Request #10 from Tucker Paving
Presentation of Number of Registered Voters—0
Other Business
Supervisors Requests and Audience Comments
Adjournment

MINUTES
MINUTES OF MEETING CYPRESS PARK ESTATES
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Cypress Park Estates Community Development District was held Tuesday, April 25, 2023 at 11:00 a.m. at the Lake Alfred Public Library, 245 N. Seminole Ave., Lake Alfred, Florida.

Present and constituting a quorum:

Scott Shapiro by phone	Chairman
McKinzie Terrill	Vice Chairman
Steve Rosser	Assistant Secretary
Hyzens Marc	Assistant Secretary Also present were:
Jill Burns	District Manager, GMS
Grace Kobitter	District Counsel, KVW Law
Marshall Tindall	Field Manager, GMS
Rodney Gadd by phone	District Engineer, Gadd Engineering

FIRST ORDER OF BUSINESS	Roll Call
Ms. Burns called the meeting to order and called the roll. Three Supervisors were present in person constituting a quorum.

SECOND ORDER OF BUSINESS	Public Comment Period
Ms. Burns noted that no members of the public were present and no members joining via zoom to provide comments.

THIRD ORDER OF BUSNESS	Organizational Matters
Administration of Oaths of Office to Newly Elected Board Members Appointed at November 1, 2022 Landowners’ Meeting (Steve Rosser and Hyzens Marc)
Ms. Burns stated that just Steve and Hyzens need to be sworn in. Ms. Burns administered the oath of office.

Consideration of Resolution 2023-01 Canvassing and Certifying the Results of the Landowners’ Election
Ms. Burns stated the landowner’s election was held on November 1st. Steve and Allan were elected to four-year terms and Hyzens elected to a two-year term. She asked for any questions, otherwise looking for a motion to approve.

Election of Officers
Consideration of Resolution 2023-02 Electing Officers
Ms. Burns stated after a landowner’s election has been held, they generally go through and re-elect officers in case any of the officers have changed. She noted the same people were elected so it can be kept the same. Scott is the Chairman, McKinzie is the Vice Chair and the other three Supervisors are Assistant Secretaries. She asked if that still works for everyone and if so, asked for a motion to approve as outlined.

FOURTH ORDER OF BUSNESS	Approval of the Minutes of the October 25,
2022 Board of Supervisors Meeting and the November 1, 2022 Landowners’ Meeting
Ms. Burns asked for any questions, comments, corrections to the October 25, 2022 Board of Supervisors meeting and November 1, 2022 Landowners meeting minutes. The Board had no changes.

*Mr. Shapiro joined the meeting by phone at this time.

FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-03
Approving the Proposed Fiscal Year 2023/2024 Budget (Suggested Date: July 25, 2023), Declaring Special Assessments, and Setting the Public Hearings on the Adoption of the Fiscal Year 2023/2024 Budget and the Imposition of Operations and Maintenance Assessments
Ms. Burns stated the budget was included in the agenda package for review. She noted the admin portion of the budget went down a little. She stated the legal advertising was reduced now that the land has been levied and advertising costs are down as there are not a lot of ads for assessments. She noted field costs have been included for Phase 2 & 3 based on the development estimates. She noted that is where the majority of the increases are coming from to the landscape maintenance to account for those phases coming online. She noted the fountain maintenance was added as that was currently not contemplated and increases to the amenity based on some actuals in place for electric. She noted there is an increase to the playground lease for the playground that will be installed in Phase 2 & 3 and increased janitorial to account for some of the waste stations that were added. She stated with the new Phase 2 & 3 lots coming online, there was some capacity. Those had an unplatted rate last year where they were just assessed admin because nobody lived in those and now that there are field expenses contemplated, they had some capacity to add those.
She noted with the increases to all of those line items, the budget that is proposed has the platted lot assessment the same so for the current year $953 net, $1,025 gross when collected on roll. She stated there is a capital reserve transfer of $114,892 in the event assessments were lowered that could be reduced a little bit. She noted for the purposes of the preliminary budget she suggests keeping this the same and sending the mailed notice to Phase 2 & 3 at the same rate that Phase 1 is currently noticed at. She noted if they wanted to look at reducing that, it can be done at the final budget option in a couple of months. For the notice purposes,
Ms. Burns noted the biggest increase was for landscape maintenance and the playground lease. She noted it includes the increased contingency as well as things like the amenity and pool maintenance went up slightly based on chemical costs and amenity electric had to be doubled based on the actual. She noted it was at $12,500 and projecting for it to come in closer to $18,000 and they haven’t hit the summer yet so that is increased a little more too. She stated with the capacity from the other ones coming from unplatted rate to a platted rate, they are able to account

for all of those things without increasing assessments to Phase 1 which helps. Ms. Burns noted that this is their cap so the Board can always bring it down later or move line items around later.

SIXTH ORDER OF BUSINESS	Consideration	of	Resolution	2023-04
Authorizing Bank Account Signatories
Ms. Burns noted in a prior resolution that the Board appointed specific people such as current Treasurers, Assistant Treasurer, and Secretary named in a resolution. In the event those change, this resolution is helpful for staff to be able to provide this resolution that appoints the offices as signers and they can give those to the bank with the people who are assigned. It is really just administrative in nature.

SEVENTH ORDER OF BUSINESS	Consideration	of	Arbitrage	Rebate
Reports
Series 2020 Assessment Area 1 Project
Series 2020 Assessment Area 2 – 2020 Project
Ms. Burns stated under internal revenue code, the District has to demonstrate that they do not earn more interest than they pay. This report is a requirement of the trust indenture. She noted on page 4 it shows a negative arbitrage amount so they in fact do not earn more interest than they pay.

EIGHTH ORDER OF BUSINESS	Ratification of Agreements with Florida
Wall Concepts
Phase 2
Phase 3
Ms. Burns stated these are for the parameter walls in Phase 2 & 3. She noted these have already been approved by the Chair and just need to be ratified by the Board.

NINTH ORDER OF BUSINESS	Ratification of Contract Agreement with
Polk County Property Appraiser
Ms. Burns stated this agreement has already been signed and is required by the property appraiser every year in order to collect the assessments on roll.

TENTH ORDER OF BUSINESS	Ratification of 2023 Data Sharing and
Usage	Agreement	with	Polk	County Property Appraiser
Ms. Burns stated this agreement has already been signed and is required by the property appraiser every year in order to collect the assessments on roll.

ELEVENTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Kobitter had nothing additional unless the Board has questions. Hearing none.

Engineer
Mr. Gadd had nothing for the Board.

Field Manager’s Report
Consideration of Proposal for Amenity Rear Gate Camera from Current Demands (to be provided under separate cover)
Mr. Tindall reviewed the Field Manager's Report, overall the property has done well. He noted the vendors have been maintaining the facility and the landscapers have done a good job keeping everything up to speed. He stated the minor items that have been dealt with are some pavers that were sinking a little bit around where the shades were installed, they added garbage cans, the fixed the dumpster enclosure that was damaged. The fencing was not readily available from their usual vendor but they did get that repaired.
The final playground adjustments, as far as landscaping goes, the only major note other than basic maintenance is that the sod that was installed had a lot of thistles in it. The grass as it grows during the rainy season will help chuck this out some but it is not really good for the playground as so many people walk around with sandals on. He stated this item was not included in the agenda but if they want a ballpark number, they are recommending every other month treatments probably about $625 and annual would be $3,750. The Landscaper also noted they would try to include some ant treatment as well as insecticide and they will go toward the amenity as well. Mr. Tindall noted the current cost to maintain Phase 1 is $40,000 and in the budget is
$80,000 so they take Phase 1 out it leaves us $40,000 for the next six months and Phase 2 half of the projected number for those two phases right now would be $35,000 and should leave them about $5,000 for the existing landscaping budget for this year, would cover that $3,750. Ms. Burns asked if the $625 every other month is just for the amenity area. Mr. Tindall stated it covers the amenity, pool area, playground and the soccer field behind it. Ms. Burns stated it would not be a bad idea to do it now obviously with where we are as it is going to get a ton of use now.

Mr. Tindall stated the other item is the mainline break. They had a company come out to get that repaired. On page 117 is the backup showing that was repaired and replaced and everything looks good now. The landscaping prep, there are some odds and ends because the thistles that have been noted in the agenda. The fountain was recently brought up to the Board. There is potentially a leak or the fountain and wind is causing some of the water to be dispersed. There is some plant

dieback along the entrance sign due to the chlorine chemical being sprayed on them. He noted he talked to the landscaper about getting a quote for next time hopefully for plants that might be a little more sustainable. He noted as well they are looking to see if there is a potential leak and if there is a leak in the fountain, he will get with the original installer and try to have that repaired.
Ms. Burns stated there is the closed secure session to talk about security so can do the camera proposal under that portion as well.

District Manager’s Report
Approval of Check Register
Ms. Burns presented the check register from February 17th through April 18th with total amount of $176,032.04 to the Board, which was included in the agenda package. She asked for any questions otherwise looking for a motion to approve. She noted most of those are transfers from when they get the assessments from the tax collector, the debt assessments are deposited into the account with the operations and maintenance and then separated out. She noted of that amount there is a transfer of $106,000 to US Bank which would the debt assessments that were collected. She stated there is another $19,000 transfer to US Bank and another $5,000 transferred which a lot of that is debt assessments passing through.

Balance Sheet and Income Statement
Ms. Burns noted that the financial statements through March 2023 were included in the agenda package for review and there is no action required.

Ratification of Change Order Request #6 and #7 for Tucker Paving
Ms. Burns stated these have already been approved by the Chair and the District Engineer and she was seeking a motion to ratify.

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

THIRTEENTH ORDER OF BUSINESS	Supervisors	Requests	and	Audience
Comments
There being no comments, the next item followed.

FOURTEENTH ORDER OF BUSINESS	CLOSED Board Security Session
Ms. Burns stated there are no members of the public on the line it was still all staff or Board members. She noted under Florida statute certain items are exempt from public record related to security so things like camera locations or security contracts would not have to be disclosed.

FIFTEENFTH ORDER OF BUSINESS	Adjournment
Ms. Burns asked for a motion to adjourn.

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section IV
RESOLUTION 2023-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT TO DESIGNATE THE DATE, TIME AND PLACE OF A PUBLIC HEARING AND AUTHORIZATION TO PUBLISH NOTICE OF SUCH HEARING FOR THE PURPOSE OF ADOPTING RULES RELATING TO OVERNIGHT PARKING AND PARKING ENFORCEMENT.

Whereas, the Cypress Park Estates Community Development District (“District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated entirely within the City of Haines City, Florida; and

Whereas, the Board of Supervisors of the District (“Board”) is authorized by Sections 190.011(5) and 190.035, Florida Statutes, to adopt rules, orders, rates, fees and charges pursuant to Chapter 120, Florida Statutes.

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

SECTION 1. The Board intends to adopt Rules Relating to Overnight Parking and Parking Enforcement (“Policy”), a proposed copy of which is attached hereto as Exhibit A. The District will hold a public hearing on such policies at a meeting of the Board to be held on 	,
	, 2023, at 11:00 a.m. at the Lake Alfred Public Library, 245 N. Seminole Ave., Lake Alfred, Florida 33850.

Section 2. The District Secretary is directed to publish notice of the hearing in accordance with Section 120.54, Florida Statutes and all prior actions taken for the purpose of publishing notice are hereby ratified.

Section 3. This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 25th day of July 2023.

ATTEST:	CYPRESS PARK ESTATES
COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A: Rules Relating to Overnight Parking and Parking Enforcement
CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT
Rules Relating to Overnight Parking and Parking Enforcement

In accordance with Chapter 190, Florida Statutes, and on 	, at a duly noticed public meeting, the Board of Supervisors of the Cypress Park Estates Community Development District (“District”) adopted the following policy to govern overnight parking and parking enforcement on certain District property (the “Policy”). This Policy repeals and supersedes all prior rules and/or policies governing the same subject matter.

Section 1. Introduction. The District finds that parked Commercial Vehicles, Vehicles, Vessels and Recreational Vehicles (hereinafter defined) on certain of its property (hereinafter defined) cause hazards and danger to the health, safety and welfare of District residents, paid users and the public. This Policy is intended to provide the District’s residents and paid users with a means to remove such Commercial Vehicles, Vehicles, Vessels and Recreational Vehicles from areas that are not designated for parking.

Section 2. Definitions.

Commercial Vehicle. Any mobile item which normally uses wheels, whether motorized or not, that (i) is titled, registered or leased to a company and not an individual person, or (ii) is used for business purposes even if titled, registered or leased to an individual person.

Designated Parking Areas. Areas which have been explicitly approved for parking by the District, including areas indicated by asphalt markings and areas designated on the map attached hereto as Exhibit A and indicated by signage.

Vehicle. Any mobile item which normally uses wheels, whether motorized or not.

Vessel. Every description of watercraft, barge, or airboat used or capable of being used as a means of transportation on water.

Recreational Vehicle. A vehicle designed for recreational use, which includes motor homes, campers and trailers relative to same.

Parked. A Vehicle, Vessel or Recreational Vehicle left unattended by its owner or user.

Tow-Away Zone. District property in which parking is prohibited and in which the District is authorized to initiate a towing and/or removal action. Any District Property not designated as a Designated Parking Area is a Tow-Away Zone.

Overnight. Between the hours of 10:00 p.m. and 6:00 a.m. daily.

SECTION 3. DESIGNATED PARKING AREAS. Parking is permitted only in Designated Parking Areas, as indicated by asphalt markings for parking spaces and as indicated on the map attached hereto as Exhibit A for certain on-street parking areas.  On-street parking is expressly prohibited on District
roadways except where indicated. Any Vehicle parked on District Property, including District roads, if any, must do so in compliance with all laws, ordinances, and codes, and shall not block access to driveways and property entrances.

SECTION 4. ESTABLISHMENT OF TOW-AWAY ZONES. All District Property which is not explicitly designated for parking shall hereby be established as “Tow-Away Zones” for all Vehicles, including Commercial Vehicles, Vessels, Recreational Vehicles as set forth in Section 5 herein (“Tow- Away Zone”).

Section 5. Exceptions.

On-Street Parking Exceptions. Commercial Vehicles, Recreational Vehicles, and Vessels are not permitted to be parked on-street Overnight and shall be subject to towing at Owner’s expense.

Abandoned/Broken-Down Vehicles. Abandoned and/or broken-down Vehicles are not permitted to be parked on District Property at any time and are subject to towing at the Owner’s expense.

PARKING DURING AMENITY HOURS. Vehicles may park in the designated parking areas of amenity facilities depicted in Exhibit A during the open hours of operations of such amenity facilities, including any District-authorized special events occurring outside of regular hours of operation. Otherwise, no Overnight parking is permitted at the amenity facilities.

VENDORS/CONTRACTORS. The District Manager or his/her designee may authorize vendors/consultants in writing to park company vehicles in order to facilitate District business. All vehicles so authorized must be identified by a Parking Pass issued by the District.

Delivery Vehicles and Governmental Vehicles. Delivery vehicles, including but not limited to, U.S.P.S., U.P.S., Fed Ex, moving company vehicles, and lawn maintenance vendors may park on District property while actively engaged in the operation of such businesses. Vehicles owned and operated by any governmental unit may also park on District Property while carrying out official duties.

Section 6. Towing/Removal Procedures.

Signage and Language Requirements. Notice of the Tow-Away Zones shall be approved by the District’s Board of Supervisors and shall be posted on District property in the manner set forth in Section 715.07, Florida Statutes. Such signage is to be placed in conspicuous locations, in accordance with Section 715.07, Florida Statutes.

Towing/Removal Authority. To effect towing/removal of a Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle, the District Manager or his/her designee must verify that the subject Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle was not authorized to park under this rule in the Overnight Parking Areas and then must contact a firm authorized by Florida law to tow/remove Commercial Vehicle, Vehicles, Vessels and Recreational Vehicles for the removal of such unauthorized vehicle at the owner’s
expense. The Commercial Vehicle, Vehicle, Vessel or Recreational Vehicle shall be towed/removed by the firm in accordance with Florida law, specifically the provisions set forth in Section 715.07, Florida Statutes. Notwithstanding the foregoing, a towing service retained by the District may tow/remove any vehicle parked in a Tow-Away Zone.

Agreement  with  Authorized  Towing  Service. The  District’s  Board  of
Supervisors is hereby authorized to enter into and maintain an agreement with a firm authorized by Florida law to tow/remove unauthorized vehicles and in accordance with Florida law and with the policies set forth herein.

Section 7. Parking At Your Own Risk. Vehicles, Vessels or Recreational Vehicles may be parked on District property pursuant to this rule, provided however that the District assumes no liability for any theft, vandalism and/ or damage that might occur to personal property and/or to such vehicles.

Section  8. Amendments; Designation  of  Additional  Tow-Away  Zones  or
Designated Parking Areas. The Board in its sole discretion may amend these Rules Related to Parking and Parking Enforcement from time to time to designate new Tow-Away Zones or Designated Parking Areas as the District acquires additional common areas. Such designations of new Tow-Away Zones and Designated Parking Areas are subject to proper signage and notice prior to enforcement of these rules in such areas.

EXHIBIT A – Designated Parking Areas (highlighted areas)

Effective date: 	
EXHIBIT A
Designated Parking Areas

[Insert Map]

Section V

Section A

Section 1
RESOLUTION 2023-06

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

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

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

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

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

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

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

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS PARK ESTATES 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 Cypress Park Estates Community Development District for the Fiscal Year Ending September 30, 2024.”

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

Section 2.	Appropriations.

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

TOTAL GENERAL FUND	$	

DEBT SERVICE FUND (SERIES 2020) (ASSESSMENT AREA 1) $	

DEBT SERVICE FUND (SERIES 2020) (ASSESSMENT AREA 2) $	

DEBT SERVICE FUND (SERIES 2022)	$	

CAPITAL RESERVE FUND	$	

TOTAL ALL FUNDS	$	

Section 3.	Budget Amendments.

Pursuant to Section 189.016, Florida Statutes, the District at any time within Fiscal Year 2023/2024 or within 60 days following the end of the Fiscal Year 2023/2024 may amend its Adopted Budget for that fiscal year as follows:
The Board may authorize an increase or decrease in line item appropriations within a fund by motion recorded in the minutes if the total appropriations of the fund do not increase.

The District Manager or Treasurer may authorize an increase or decrease in line item appropriations within a fund if the total appropriations of the fund do not increase and if the aggregate change in the original appropriation item does not exceed $10,000 or 10% of the original appropriation.

By resolution, the Board may increase any appropriation item and/or fund to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

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

The District Manager or Treasurer must establish administrative procedures to ensure that any budget amendments are in compliance with this Section 3 and Section 189.016, Florida Statutes, among other applicable laws. Among other procedures, the District Manager or Treasurer must ensure that any amendments to budget under subparagraphs c. and d. above are posted on the District’s website within 5 days after adoption and remain on the website for at least 2 years.

Section 4. Effective Date. This Resolution shall take effect immediately upon adoption.

Passed and Adopted this 25th day of July 2023.

ATTEST:	CYPRESS PARK ESTATES
COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary
By:	 Its:	

Exhibit A:	Budget

Cypress Park Estates
Community Development District

Proposed Budget
FY2024
Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Debt Service Fun Series 2020A1	

9-10	

Amortization Schedule Series 2020A1	

11	

Debt Service Fund Series 2020A2	

12-13	

Amortization Schedule Series 2020A2	

14	

Debt Service Fund Series 2022	

15-16	

Amortization Schedule Series 2022	

17	

Capital Reserve Fund	

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues						

Assessments - On Roll	
$	337,451	
$	339,278  $	-	$	339,278  $	563,979				
Assessments - Direct Bill	$	13,811	$	13,811  $	-	$	13,811  $	-				
Developer Contributions Unplatted	$	107,683	$	-	$	-	$	-	$	-				
Total Revenues	$	458,945	$	353,089	$	-	$	353,089	$	563,979				

Expenditures						
Administrative
Supervisor Fees	

$	10,000	

$	1,200	

$	1,200	

$	2,400	

$	10,000	
Engineer Fees	$	10,000	$	113	$	500	$	613	$	10,000	
Attorney Fees	$	25,000	$	7,086	$	8,333	$	15,420	$	25,000	
Annual Audit	$	6,000	$	-	$	7,000	$	7,000	$	7,500	
Assessment Adminstration	$	5,000	$	5,000	$	-	$	5,000	$	5,300	
Dissemination	$	8,000	$	4,000	$	2,000	$	6,000	$	7,000	
Arbitrage	$	1,800	$	900	$	450	$	1,350	$	1,350	
Trustee Fees	$	16,160	$	6,734	$	5,386	$	12,120	$	12,120	
Management Fees	$	37,853	$	25,235	$	12,618	$	37,853	$	40,124	
Information Technology	$	1,800	$	1,200	$	600	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	800	$	400	$	1,200	$	1,200	
Postage & Delivery	$	500	$	717	$	500	$	1,217	$	500	
Insurance	$	5,822	$	5,988	$	-	$	5,988	$	6,886	
Copies	$	350	$	11	$	20	$	31	$	100	
Legal Advertising	$	10,000	$	1,433	$	2,000	$	3,433	$	5,000	
Other Current Charges	$	2,700	$	347	$	160	$	507	$	1,000	
Office Supplies	$	350	$	15	$	5	$	20	$	50	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	142,710	$	60,954	$	41,172	$	102,126	$	135,105	

1

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget			
Description	FY2023	5/31/23	4 Months	9/30/23	FY2024			
Operations & Maintenance								
Field Expenditures								
Property Insurance	$	5,000	$	7,853	$	-	$	7,853	$	11,780			
Field Management	$	15,750	$	10,500	$	5,250	$	15,750	$	16,695			
Landscape Maintenance	$	80,000	$	26,940	$	13,470	$	40,410	$	116,000			
Landscape Replacement	$	15,000	$	-	$	5,000	$	5,000	$	16,500			
Street Tree Replacement	$	-	$	-	$	-	$	-	$	10,000			
Streetlights	$	16,764	$	10,080	$	5,200	$	15,280	$	35,000			
Electric	$	6,600	$	5,171	$	1,800	$	6,971	$	11,880			
Water & Sewer	$	25,185	$	7,523	$	10,000	$	17,523	$	19,800			
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	833	$	833	$	2,500			
Irrigation Repairs	$	7,500	$	1,021	$	800	$	1,821	$	7,500			
Fountain Maintenance	$	-	$	-	$	-	$	-	$	1,800			
General Repairs & Maintenance	$	15,000	$	2,144	$	2,000	$	4,144	$	15,000			
Contingency	$	7,500	$	3,544	$	3,956	$	7,500	$	7,500			
Subtotal Field Expenditures	$	196,799	$	74,775	$	48,309	$	123,084	$	271,955			

Amenity Expenditures								
Amenity - Electric	$	12,540	$	11,471	$	6,800	$	18,271	$	22,440			
Amenity - Water	$	3,696	$	6,174	$	5,000	$	11,174	$	11,352			
Playground Lease	$	23,500	$	15,324	$	7,662	$	22,985	$	37,000			
Internet	$	2,500	$	511	$	292	$	803	$	2,500			
Pest Control	$	600	$	1,016	$	160	$	1,176	$	528			
Janitorial Service	$	6,600	$	5,600	$	3,100	$	8,700	$	12,300			
Security Services	$	34,000	$	7,446	$	4,000	$	11,446	$	27,500			
Pool Maintenance	$	18,000	$	12,530	$	6,000	$	18,530	$	19,800			
Amenity Access Management	$	5,000	$	3,333	$	1,667	$	5,000	$	6,000			
Amenity Repairs & Maintenance	$	5,000	$	3,205	$	2,000	$	5,205	$	10,000			
Contingency	$	3,000	$	2,082	$	918	$	3,000	$	7,500			
Subtotal Amenity Expenditures	$	114,436	$	68,692	$	37,598	$	106,290	$	156,920			
								
Total Operations & Maintenance	$	311,235	$	143,467	$	85,907	$	229,374	$	428,875			

Other Expenses								
Capital Reserves	$	5,000	$	-	$	5,000	$	5,000	$	-			
Total Other Expenditures	$	5,000	$	-	$	5,000	$	5,000	$	-			
								
Total Expenditures	$	458,945	$	204,421	$	132,079	$	336,500	$	563,979			
								
Excess Revenues/(Expenditures)	$	-	$	148,668	$	(132,079)	$	16,588	$	(0)			

Net Assessments	
$563,979							
Add: Discounts & Collections 7%		$42,450 							
Gross Assessments		$606,429 							
Product	ERU's	Assessable Units		ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1	354.00	354		1.00	$283,995	$802	$863	
Phase 2	178.00	178		1.00	$142,800	$802	$863	
Phase 3	171.00	171		1.00	$137,184	$802	$863	
	703.00	703	2		$563,979			

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.

Engineer Fees

The District's engineer, Gadd & Associates, 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 Fees

The District's legal counsel, Kilinski | Van Wyk, PLLC, 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. The District is currently contracted with Grau & Associates for these services.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC, to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

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 2020 A1, 2020 A2 and 2022. Governmental Management Services-Central Florida, LLC, provides these services.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2020 A1, 2020 A2 and 2022 bonds.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued 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 these services.

Website Maintenance

Represents the 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 these services.

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 coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Copies

Printing agenda materials for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

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

Other Current Charges

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

Office Supplies

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

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s property insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Represents the costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake 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. Governmental Management Services-Central Florida, LLC, provides these services.

Landscape Maintenance

The District has contracts with Prince & Sons, Inc. to provide landscaping services throughout the District. These services include mowing, edging, trimming, cleanup, detailing and pruning as well as maintenance of the irrigation systems.

Landscape Replacement

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

Street Tree Replacement

Represents the estimated cost of replacing street trees within the common areas of the District.

Streetlights

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

Electric

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

Water & Sewer

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

Sidewalk & Asphalt Maintenance

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

Irrigation Repairs

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

Fountain Maintenance

Represents the cost of maintaining and repairing the fountain at the entrance.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting, and other assets

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 estimated cost of leasing agreement for playgrounds to be installed in the community.

Internet

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

Pest Control

The District is contracted with Massey Services, Inc. for pest control treatments to its amenity facilities.

Janitorial Services

Represents the estimated costs to provide janitorial services weekly and supplies for the District’s amenity facilities. The district is contracted with CSS Clean Star Services of Central Florida.

Security Services

Represents the estimated 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. These services are provided by Resort Pool Services.

Amenity Access Management

Represents the cost of managing access to the District’s amenity facilities. Amenity Repairs & Maintenance
Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

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

Other Expenditures:

Capital Reserves

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

Proposed Budget Debt Service Fund Series 2020 A-1

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
	Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues							

Special Assessments - 2020 A1	
$	442,500	
$	444,897	
$	-	
$	444,897	
$	442,500		
Interest Income	$	-	$	12,466	$	3,116	$	15,582	$	-		
Carry Forward Surplus	$	147,086	$	364,810	$	-	$	364,810	$	160,271		
Total Revenues	$	589,586	$	822,173	$	3,116	$	825,289	$	602,771		

Expenditures							
Series 2020A-1							
Interest - 11/1	$	144,384	$	144,384	$	-	$	144,384	$	142,350		
Principal - 5/1	$	155,000	$	155,000	$	-	$	155,000	$	155,000		
Interest - 5/1	$	144,384	$	144,384	$	-	$	144,384	$	142,350		
Total Expenditures	$	443,769	$	443,769	$	-	$	443,769	$	439,700		

Other Financing Sources/(Uses)							

Transfer In (Out)	$	-	$	(221,250)	
$	-	
$	(221,250)	
$	-				
Total Other Financing Sources/(Uses)	$	-	$	(221,250)	$	-	$	(221,250)	$	-				

Excess Revenues/(Expenditures)	$	145,818	$	157,154	$	3,116	$	160,271	$	163,071	

*Carry forward less amount in Reserve funds.				

Series 2020 A-1		
Principal - 11/1/24 	$140,316	
Total 	$140,316	

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family Phase 1	354	$442,500	$1,250	$1,344	
	354	$442,500			

- 5,000.00
- 0,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
-

05/01/47	$	1,995,000.00	$	365,000.00	$	39,900.00	$	-	
11/01/47	$	1,630,000.00	$	-	$	32,600.00	$	437,	500.00	
05/01/48	$	1,630,000.00	$	385,000.00	$	32,600.00	$	-	
11/01/48	$	1,245,000.00	$	-	$	24,900.00	$	442,	500.00	
05/01/49	$	1,245,000.00	$	400,000.00	$	24,900.00	$	-	
11/01/49	$	845,000.00	$	-	$	16,900.00	$	441,	800.00	
05/01/50	$	845,000.00	$	415,000.00	$	16,900.00	$	-	
11/1/50	$	430,000.00	$	-	$	8,600.00	$	440,	500.00	
5/1/51	$	430,000.00	$	430,000.00	$	8,600.00	$	438,	600.00	

Cypress Park Estates
Community Development District

Proposed Budget Debt Service Fund Series 2020 A-2

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues						
Special Assessments - 2020 A2	$	71,200	$	43,678	$	27,522	$	71,200	$	71,200	
Interest Income	$	-	$	1,858	$	465	$	2,323	$	-	
Carry Forward Surplus	$	27,206	$	23,555	$	-	$	23,555	$	29,721	
Total Revenues	$	98,406	$	69,091	$	27,986	$	97,078	$ 100,921	

Expenditures						
Series 2018A-2						
Interest- 11/1	$	23,678	$	23,678	$	-	$	23,678	$	23,278	
Principal - 5/1	$	20,000	$	20,000	$	-	$	20,000	$	20,000	
Interest - 5/1	$	23,678	$	23,678	$	-	$	23,678	$	23,278	
Total Expenditures	$	67,356	$	67,356	$	-	$	67,356	$	66,556	
						
Excess Revenues/(Expenditures)	$	31,049	$	1,735	$	27,986	$	29,721	$	34,365	

*Carry forward less amount in Reserve funds.						
				Series 2020 A-2		
Interest - 11/1/24 	$22,878	
Total 	$22,878	

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family Phase 2	178	$71,200	$400	$430	
	178	$71,200			

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-

DATE		BALANCE	PRINCIPAL	INTEREST		TOTAL	

05/01/47	
$	
305,000.00	
$	55,000.00	
$	6,290.63	
$	
-	
11/01/47	$	250,000.00	$	-	$	5,156.25	$	66,446.88	
05/01/48	$	250,000.00	$	60,000.00	$	5,156.25	$	-	
11/01/48	$	190,000.00	$	-	$	3,918.75	$	69,075.00	
05/01/49	$	190,000.00	$	60,000.00	$	3,918.75	$	-	
11/01/49	$	130,000.00	$	-	$	2,681.25	$	66,600.00	
05/01/50	$	130,000.00	$	65,000.00	$	2,681.25	$	-	
11/1/50	$	65,000.00	$	-	$	1,340.63	$	69,021.88	
5/1/51	$	65,000.00	$	65,000.00	$	1,340.63	$	66,340.63	
			$	1,145,000.00	$	799,281.25	$	1,987,959.38	
Cypress Park Estates
Community Development District

Proposed Budget Debt Service Fund Series 2022

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
	Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues							

Special Assessments	$	511,731	$	316,044	
$	195,687	
$	511,731	
$	511,731				
Interest Income	$	-	$	12,948	$	3,237	$	16,186	$	-				
Carry Forward Surplus	$	148,346	$	149,746	$	-	$	149,746	$	215,138		
Total Revenues	$	660,077	$	162,694	$	198,924	$	677,663	$	726,869		

Expenditures							

Series 2022							
Interest- 11/1	$	148,122	$	148,122	$	-	$	148,122	$	193,419		
Principal - 5/1	$	120,000	$	120,000	$	-	$	120,000	$	125,000		
Interest - 5/1	$	196,044	$	196,044	$	-	$	196,044	$	193,419		
Total Expenditures	$	464,166	$	464,166	$	-	$	464,166	$	511,838		

Other Financing Sources/(Uses)							
Transfer In/(Out)	$	-	$	1,641	$	-	$	1,641	$	-		
Total Other Financing Sources/(Uses)	$	-	$	1,641	$	-	$	1,641	$	-		
							
Excess Revenues/(Expenditures)	$	195,912	$	(299,830)	$	198,924	$	215,138	$	215,031		

*Carry forward less amount in Reserve funds.							
				Series 2022			
Interest - 11/1/24 	$190,684	
Total 	$190,684	

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Phase 2	178	$195,800	$1,100	$1,183	
Single family - Phase 3	171	$315,931	$1,848	$1,987	
	349	$511,731			

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-

DATE		BALANCE	PRINCIPAL	INTEREST	TOTAL	
05/01/49	$	1,840,000.00	$	425,000.00	$	47,150.00		
11/01/49	$	1,415,000.00	$	-	$	36,259.38	$	508,409.38	
05/01/50	$	1,415,000.00	$	450,000.00	$	36,259.38	$	-	
11/01/50	$	965,000.00	$	-	$	24,728.13	$	510,987.50	
05/01/51	$	965,000.00	$	470,000.00	$	24,728.13	$	-	
11/01/51	$	495,000.00	$	-	$	12,684.38	$	507,412.50	
05/01/52	$	495,000.00	$	495,000.00	$	12,684.38	$	507,684.38	
			$	7,745,000.00	$	7,218,768.75	$	15,279,812.50	
Cypress Park Estates
Community Development District

Proposed Budget Capital Reserve Fund

	Proposed Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues

Carry Forward Surplus	

$	-	

$	-	

$	-	

$	-	

$	5,000	
Total Revenues	$	-	$	-	$	-	$	-	$	5,000	

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

Other Financing Sources/(Uses)						
Transfer In	$	5,000	$	-	$	5,000	$	5,000	$	-	
Total Other Financing Sources/(Uses)	$	5,000	$	-	$	5,000	$	5,000	$	-	
						
Excess Revenues/(Expenditures)	$	5,000	$	-	$	5,000	$	5,000	$	5,000	

Section B

Section 1
RESOLUTION 2023-07

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

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

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

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

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

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

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

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

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

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

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

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Cypress Park Estates 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 CYPRESS PARK ESTATES 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 25th day of July 2023.
ATTEST:	CYPRESS PARK ESTATES
COMMUNITY DEVELOPMENT
DISTRICT

Secretary / Assistant Secretary
By:	 Its:		

Exhibit A:	Budget
Exhibit B:	Assessment Roll

Cypress Park Estates
Community Development District

Proposed Budget
FY2024
Table of Contents

1-2	General Fund	

3-7	

General Fund Narrative	

8	

Debt Service Fun Series 2020A1	

9-10	

Amortization Schedule Series 2020A1	

11	

Debt Service Fund Series 2020A2	

12-13	

Amortization Schedule Series 2020A2	

14	

Debt Service Fund Series 2022	

15-16	

Amortization Schedule Series 2022	

17	

Capital Reserve Fund	

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues						

Assessments - On Roll	
$	337,451	
$	339,278  $	-	$	339,278  $	563,979				
Assessments - Direct Bill	$	13,811	$	13,811  $	-	$	13,811  $	-				
Developer Contributions Unplatted	$	107,683	$	-	$	-	$	-	$	-				
Total Revenues	$	458,945	$	353,089	$	-	$	353,089	$	563,979				

Expenditures						
Administrative
Supervisor Fees	

$	10,000	

$	1,200	

$	1,200	

$	2,400	

$	10,000	
Engineer Fees	$	10,000	$	113	$	500	$	613	$	10,000	
Attorney Fees	$	25,000	$	7,086	$	8,333	$	15,420	$	25,000	
Annual Audit	$	6,000	$	-	$	7,000	$	7,000	$	7,500	
Assessment Adminstration	$	5,000	$	5,000	$	-	$	5,000	$	5,300	
Dissemination	$	8,000	$	4,000	$	2,000	$	6,000	$	7,000	
Arbitrage	$	1,800	$	900	$	450	$	1,350	$	1,350	
Trustee Fees	$	16,160	$	6,734	$	5,386	$	12,120	$	12,120	
Management Fees	$	37,853	$	25,235	$	12,618	$	37,853	$	40,124	
Information Technology	$	1,800	$	1,200	$	600	$	1,800	$	1,800	
Website Maintenance	$	1,200	$	800	$	400	$	1,200	$	1,200	
Postage & Delivery	$	500	$	717	$	500	$	1,217	$	500	
Insurance	$	5,822	$	5,988	$	-	$	5,988	$	6,886	
Copies	$	350	$	11	$	20	$	31	$	100	
Legal Advertising	$	10,000	$	1,433	$	2,000	$	3,433	$	5,000	
Other Current Charges	$	2,700	$	347	$	160	$	507	$	1,000	
Office Supplies	$	350	$	15	$	5	$	20	$	50	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative	$	142,710	$	60,954	$	41,172	$	102,126	$	135,105	

1

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget			
Description	FY2023	5/31/23	4 Months	9/30/23	FY2024			
Operations & Maintenance								
Field Expenditures								
Property Insurance	$	5,000	$	7,853	$	-	$	7,853	$	11,780			
Field Management	$	15,750	$	10,500	$	5,250	$	15,750	$	16,695			
Landscape Maintenance	$	80,000	$	26,940	$	13,470	$	40,410	$	116,000			
Landscape Replacement	$	15,000	$	-	$	5,000	$	5,000	$	16,500			
Street Tree Replacement	$	-	$	-	$	-	$	-	$	10,000			
Streetlights	$	16,764	$	10,080	$	5,200	$	15,280	$	35,000			
Electric	$	6,600	$	5,171	$	1,800	$	6,971	$	11,880			
Water & Sewer	$	25,185	$	7,523	$	10,000	$	17,523	$	19,800			
Sidewalk & Asphalt Maintenance	$	2,500	$	-	$	833	$	833	$	2,500			
Irrigation Repairs	$	7,500	$	1,021	$	800	$	1,821	$	7,500			
Fountain Maintenance	$	-	$	-	$	-	$	-	$	1,800			
General Repairs & Maintenance	$	15,000	$	2,144	$	2,000	$	4,144	$	15,000			
Contingency	$	7,500	$	3,544	$	3,956	$	7,500	$	7,500			
Subtotal Field Expenditures	$	196,799	$	74,775	$	48,309	$	123,084	$	271,955			

Amenity Expenditures								
Amenity - Electric	$	12,540	$	11,471	$	6,800	$	18,271	$	22,440			
Amenity - Water	$	3,696	$	6,174	$	5,000	$	11,174	$	11,352			
Playground Lease	$	23,500	$	15,324	$	7,662	$	22,985	$	37,000			
Internet	$	2,500	$	511	$	292	$	803	$	2,500			
Pest Control	$	600	$	1,016	$	160	$	1,176	$	528			
Janitorial Service	$	6,600	$	5,600	$	3,100	$	8,700	$	12,300			
Security Services	$	34,000	$	7,446	$	4,000	$	11,446	$	27,500			
Pool Maintenance	$	18,000	$	12,530	$	6,000	$	18,530	$	19,800			
Amenity Access Management	$	5,000	$	3,333	$	1,667	$	5,000	$	6,000			
Amenity Repairs & Maintenance	$	5,000	$	3,205	$	2,000	$	5,205	$	10,000			
Contingency	$	3,000	$	2,082	$	918	$	3,000	$	7,500			
Subtotal Amenity Expenditures	$	114,436	$	68,692	$	37,598	$	106,290	$	156,920			
								
Total Operations & Maintenance	$	311,235	$	143,467	$	85,907	$	229,374	$	428,875			

Other Expenses								
Capital Reserves	$	5,000	$	-	$	5,000	$	5,000	$	-			
Total Other Expenditures	$	5,000	$	-	$	5,000	$	5,000	$	-			
								
Total Expenditures	$	458,945	$	204,421	$	132,079	$	336,500	$	563,979			
								
Excess Revenues/(Expenditures)	$	-	$	148,668	$	(132,079)	$	16,588	$	(0)			

Net Assessments	
$563,979							
Add: Discounts & Collections 7%		$42,450 							
Gross Assessments		$606,429 							
Product	ERU's	Assessable Units		ERU/Unit	Net Assessment	Net Per Unit	Gross Per Unit	
Phase 1	354.00	354		1.00	$283,995	$802	$863	
Phase 2	178.00	178		1.00	$142,800	$802	$863	
Phase 3	171.00	171		1.00	$137,184	$802	$863	
	703.00	703	2		$563,979			

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.

Engineer Fees

The District's engineer, Gadd & Associates, 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 Fees

The District's legal counsel, Kilinski | Van Wyk, PLLC, 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. The District is currently contracted with Grau & Associates for these services.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC, to levy and administer the collection of non-ad valorem assessment on all assessable property within the District.

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 2020 A1, 2020 A2 and 2022. Governmental Management Services-Central Florida, LLC, provides these services.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on its Series 2020 A1, 2020 A2 and 2022 bonds.

Trustee Fees

The District will incur trustee related costs with the issuance of its’ issued 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 these services.

Website Maintenance

Represents the 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 these services.

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 coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Copies

Printing agenda materials for board meetings, printing of computerized checks, stationary, envelopes etc.

Legal Advertising

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

Other Current Charges

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

Office Supplies

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

Dues, Licenses & Subscriptions

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

Operations & Maintenance:

Field Expenditures

Property Insurance

The District’s property insurance coverage is provided by the Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Field Management

Represents the costs of contracting services that provide onsite field management of contracts for the District such as landscape and lake 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. Governmental Management Services-Central Florida, LLC, provides these services.

Landscape Maintenance

The District has contracts with Prince & Sons, Inc. to provide landscaping services throughout the District. These services include mowing, edging, trimming, cleanup, detailing and pruning as well as maintenance of the irrigation systems.

Landscape Replacement

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

Street Tree Replacement

Represents the estimated cost of replacing street trees within the common areas of the District.

Streetlights

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

Electric

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

Water & Sewer

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

Sidewalk & Asphalt Maintenance

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

Irrigation Repairs

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

Fountain Maintenance

Represents the cost of maintaining and repairing the fountain at the entrance.

General Repairs & Maintenance

Represents estimated costs for general repairs and maintenance of the District’s common areas. These can include pressure washing, and repairs to fences, monuments, lighting, and other assets

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 estimated cost of leasing agreement for playgrounds to be installed in the community.

Internet

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

Pest Control

The District is contracted with Massey Services, Inc. for pest control treatments to its amenity facilities.

Janitorial Services

Represents the estimated costs to provide janitorial services weekly and supplies for the District’s amenity facilities. The district is contracted with CSS Clean Star Services of Central Florida.

Security Services

Represents the estimated 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. These services are provided by Resort Pool Services.

Amenity Access Management

Represents the cost of managing access to the District’s amenity facilities. Amenity Repairs & Maintenance
Represents estimated costs for repairs and maintenance of the District’s amenity facilities.

Contingency

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

Other Expenditures:

Capital Reserves

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

Proposed Budget Debt Service Fund Series 2020 A-1

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
	Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues							

Special Assessments - 2020 A1	
$	442,500	
$	444,897	
$	-	
$	444,897	
$	442,500		
Interest Income	$	-	$	12,466	$	3,116	$	15,582	$	-		
Carry Forward Surplus	$	147,086	$	364,810	$	-	$	364,810	$	160,271		
Total Revenues	$	589,586	$	822,173	$	3,116	$	825,289	$	602,771		

Expenditures							
Series 2020A-1							
Interest - 11/1	$	144,384	$	144,384	$	-	$	144,384	$	142,350		
Principal - 5/1	$	155,000	$	155,000	$	-	$	155,000	$	155,000		
Interest - 5/1	$	144,384	$	144,384	$	-	$	144,384	$	142,350		
Total Expenditures	$	443,769	$	443,769	$	-	$	443,769	$	439,700		

Other Financing Sources/(Uses)							

Transfer In (Out)	$	-	$	(221,250)	
$	-	
$	(221,250)	
$	-				
Total Other Financing Sources/(Uses)	$	-	$	(221,250)	$	-	$	(221,250)	$	-				

Excess Revenues/(Expenditures)	$	145,818	$	157,154	$	3,116	$	160,271	$	163,071	

*Carry forward less amount in Reserve funds.				

Series 2020 A-1		
Principal - 11/1/24 	$140,316	
Total 	$140,316	

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family Phase 1	354	$442,500	$1,250	$1,344	
	354	$442,500			

- 5,000.00
- 0,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 0,000.00
- 0,000.00
- 5,000.00
- 5,000.00
- 0,000.00
- 5,000.00
-

05/01/47	$	1,995,000.00	$	365,000.00	$	39,900.00	$	-	
11/01/47	$	1,630,000.00	$	-	$	32,600.00	$	437,	500.00	
05/01/48	$	1,630,000.00	$	385,000.00	$	32,600.00	$	-	
11/01/48	$	1,245,000.00	$	-	$	24,900.00	$	442,	500.00	
05/01/49	$	1,245,000.00	$	400,000.00	$	24,900.00	$	-	
11/01/49	$	845,000.00	$	-	$	16,900.00	$	441,	800.00	
05/01/50	$	845,000.00	$	415,000.00	$	16,900.00	$	-	
11/1/50	$	430,000.00	$	-	$	8,600.00	$	440,	500.00	
5/1/51	$	430,000.00	$	430,000.00	$	8,600.00	$	438,	600.00	

Cypress Park Estates
Community Development District

Proposed Budget Debt Service Fund Series 2020 A-2

	Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues						
Special Assessments - 2020 A2	$	71,200	$	43,678	$	27,522	$	71,200	$	71,200	
Interest Income	$	-	$	1,858	$	465	$	2,323	$	-	
Carry Forward Surplus	$	27,206	$	23,555	$	-	$	23,555	$	29,721	
Total Revenues	$	98,406	$	69,091	$	27,986	$	97,078	$ 100,921	

Expenditures						
Series 2018A-2						
Interest- 11/1	$	23,678	$	23,678	$	-	$	23,678	$	23,278	
Principal - 5/1	$	20,000	$	20,000	$	-	$	20,000	$	20,000	
Interest - 5/1	$	23,678	$	23,678	$	-	$	23,678	$	23,278	
Total Expenditures	$	67,356	$	67,356	$	-	$	67,356	$	66,556	
						
Excess Revenues/(Expenditures)	$	31,049	$	1,735	$	27,986	$	29,721	$	34,365	

*Carry forward less amount in Reserve funds.						
				Series 2020 A-2		
Interest - 11/1/24 	$22,878	
Total 	$22,878	

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family Phase 2	178	$71,200	$400	$430	
	178	$71,200			

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-

DATE		BALANCE	PRINCIPAL	INTEREST		TOTAL	

05/01/47	
$	
305,000.00	
$	55,000.00	
$	6,290.63	
$	
-	
11/01/47	$	250,000.00	$	-	$	5,156.25	$	66,446.88	
05/01/48	$	250,000.00	$	60,000.00	$	5,156.25	$	-	
11/01/48	$	190,000.00	$	-	$	3,918.75	$	69,075.00	
05/01/49	$	190,000.00	$	60,000.00	$	3,918.75	$	-	
11/01/49	$	130,000.00	$	-	$	2,681.25	$	66,600.00	
05/01/50	$	130,000.00	$	65,000.00	$	2,681.25	$	-	
11/1/50	$	65,000.00	$	-	$	1,340.63	$	69,021.88	
5/1/51	$	65,000.00	$	65,000.00	$	1,340.63	$	66,340.63	
			$	1,145,000.00	$	799,281.25	$	1,987,959.38	
Cypress Park Estates
Community Development District

Proposed Budget Debt Service Fund Series 2022

		Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
	Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues							

Special Assessments	$	511,731	$	316,044	
$	195,687	
$	511,731	
$	511,731				
Interest Income	$	-	$	12,948	$	3,237	$	16,186	$	-				
Carry Forward Surplus	$	148,346	$	149,746	$	-	$	149,746	$	215,138		
Total Revenues	$	660,077	$	162,694	$	198,924	$	677,663	$	726,869		

Expenditures							

Series 2022							
Interest- 11/1	$	148,122	$	148,122	$	-	$	148,122	$	193,419		
Principal - 5/1	$	120,000	$	120,000	$	-	$	120,000	$	125,000		
Interest - 5/1	$	196,044	$	196,044	$	-	$	196,044	$	193,419		
Total Expenditures	$	464,166	$	464,166	$	-	$	464,166	$	511,838		

Other Financing Sources/(Uses)							
Transfer In/(Out)	$	-	$	1,641	$	-	$	1,641	$	-		
Total Other Financing Sources/(Uses)	$	-	$	1,641	$	-	$	1,641	$	-		
							
Excess Revenues/(Expenditures)	$	195,912	$	(299,830)	$	198,924	$	215,138	$	215,031		

*Carry forward less amount in Reserve funds.							
				Series 2022			
Interest - 11/1/24 	$190,684	
Total 	$190,684	

Product	
Assessable Units	Maximum Annual Debt Service	Net Assessment Per Unit	Gross Assessment Per Unit	
Single Family - Phase 2	178	$195,800	$1,100	$1,183	
Single family - Phase 3	171	$315,931	$1,848	$1,987	
	349	$511,731			

-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-
,000.00
-

DATE		BALANCE	PRINCIPAL	INTEREST	TOTAL	
05/01/49	$	1,840,000.00	$	425,000.00	$	47,150.00		
11/01/49	$	1,415,000.00	$	-	$	36,259.38	$	508,409.38	
05/01/50	$	1,415,000.00	$	450,000.00	$	36,259.38	$	-	
11/01/50	$	965,000.00	$	-	$	24,728.13	$	510,987.50	
05/01/51	$	965,000.00	$	470,000.00	$	24,728.13	$	-	
11/01/51	$	495,000.00	$	-	$	12,684.38	$	507,412.50	
05/01/52	$	495,000.00	$	495,000.00	$	12,684.38	$	507,684.38	
			$	7,745,000.00	$	7,218,768.75	$	15,279,812.50	
Cypress Park Estates
Community Development District

Proposed Budget Capital Reserve Fund

	Proposed Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2023	5/31/23	4 Months	9/30/23	FY2024	

Revenues

Carry Forward Surplus	

$	-	

$	-	

$	-	

$	-	

$	5,000	
Total Revenues	$	-	$	-	$	-	$	-	$	5,000	

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

Other Financing Sources/(Uses)						
Transfer In	$	5,000	$	-	$	5,000	$	5,000	$	-	
Total Other Financing Sources/(Uses)	$	5,000	$	-	$	5,000	$	5,000	$	-	
						
Excess Revenues/(Expenditures)	$	5,000	$	-	$	5,000	$	5,000	$	5,000	

PARCEL ID	Units	O&M	Series 2020 AA1
Debt	Series 2020 AA2 Debt	Series 2022 Debt	Total	
272723757502000010	1	$863.00	$1,344.09			$2,207.09	
272723757502000020	1	$863.00	$1,344.09			$2,207.09	
272723757502000030	1	$863.00	$1,344.09			$2,207.09	
272723757502000040	1	$863.00	$1,344.09			$2,207.09	
272723757502000050	1	$863.00	$1,344.09			$2,207.09	
272723757502000060	1	$863.00	$1,344.09			$2,207.09	
272723757502000070	1	$863.00	$1,344.09			$2,207.09	
272723757502000080	1	$863.00	$1,344.09			$2,207.09	
272723757502000090	1	$863.00	$1,344.09			$2,207.09	
272723757502000100	1	$863.00	$1,344.09			$2,207.09	
272723757502000110	1	$863.00	$1,344.09			$2,207.09	
272723757502000120	1	$863.00	$1,344.09			$2,207.09	
272723757502000130	1	$863.00	$1,344.09			$2,207.09	
272723757502000140	1	$863.00	$1,344.09			$2,207.09	
272723757502000150	1	$863.00	$1,344.09			$2,207.09	
272723757502000160	1	$863.00	$1,344.09			$2,207.09	
272723757502000170	1	$863.00	$1,344.09			$2,207.09	
272723757502000180	1	$863.00	$1,344.09			$2,207.09	
272723757502000190	1	$863.00	$1,344.09			$2,207.09	
272723757502000200	1	$863.00	$1,344.09			$2,207.09	
272723757502000210	1	$863.00	$1,344.09			$2,207.09	
272723757502000220	1	$863.00	$1,344.09			$2,207.09	
272723757502000230	1	$863.00	$1,344.09			$2,207.09	
272723757502000240	1	$863.00	$1,344.09			$2,207.09	
272723757502000250	1	$863.00	$1,344.09			$2,207.09	
272723757502000260	1	$863.00	$1,344.09			$2,207.09	
272723757502000270	1	$863.00	$1,344.09			$2,207.09	
272723757502000280	1	$863.00	$1,344.09			$2,207.09	
272723757502000290	1	$863.00	$1,344.09			$2,207.09	
272723757502000300	1	$863.00	$1,344.09			$2,207.09	
272723757502000310	1	$863.00	$1,344.09			$2,207.09	
272723757502000320	1	$863.00	$1,344.09			$2,207.09	
272723757502000330	1	$863.00	$1,344.09			$2,207.09	
272723757502000340	1	$863.00	$1,344.09			$2,207.09	
272723757502000350	1	$863.00	$1,344.09			$2,207.09	
272723757502000360	1	$863.00	$1,344.09			$2,207.09	
272723757502000370	1	$863.00	$1,344.09			$2,207.09	
272723757502000380	1	$863.00	$1,344.09			$2,207.09	
272723757502000390	1	$863.00	$1,344.09			$2,207.09	
272723757502000400	1	$863.00	$1,344.09			$2,207.09	
272723757502000410	1	$863.00	$1,344.09			$2,207.09	
272723757502000420	1	$863.00	$1,344.09			$2,207.09	
272723757502000430	1	$863.00	$1,344.09			$2,207.09	

PARCEL ID	Units	O&M	Series 2020 AA1
Debt	Series 2020 AA2 Debt	Series 2022 Debt	Total	
272723757502000440	1	$863.00	$1,344.09			$2,207.09	
272723757502000450	1	$863.00	$1,344.09			$2,207.09	
272723757502000460	1	$863.00	$1,344.09			$2,207.09	
272723757502000470	1	$863.00	$1,344.09			$2,207.09	
272723757502000480	1	$863.00	$1,344.09			$2,207.09	
272723757502000490	1	$863.00	$1,344.09			$2,207.09	
272723757502000500	1	$863.00	$1,344.09			$2,207.09	
272723757502000510	1	$863.00	$1,344.09			$2,207.09	
272723757502000520	1	$863.00	$1,344.09			$2,207.09	
272723757502000530	1	$863.00	$1,344.09			$2,207.09	
272723757502000540	1	$863.00	$1,344.09			$2,207.09	
272723757502000550	1	$863.00	$1,344.09			$2,207.09	
272723757502000560	1	$863.00	$1,344.09			$2,207.09	
272723757502000570	1	$863.00	$1,344.09			$2,207.09	
272723757502000580	1	$863.00	$1,344.09			$2,207.09	
272723757502000590	1	$863.00	$1,344.09			$2,207.09	
272723757502000600	1	$863.00	$1,344.09			$2,207.09	
272723757502000610	1	$863.00	$1,344.09			$2,207.09	
272723757502000620	1	$863.00	$1,344.09			$2,207.09	
272723757502000630	1	$863.00	$1,344.09			$2,207.09	
272723757502000640	1	$863.00	$1,344.09			$2,207.09	
272723757502000650	1	$863.00	$1,344.09			$2,207.09	
272723757502000660	1	$863.00	$1,344.09			$2,207.09	
272723757502000670	1	$863.00	$1,344.09			$2,207.09	
272723757502000680	1	$863.00	$1,344.09			$2,207.09	
272723757502000690	1	$863.00	$1,344.09			$2,207.09	
272723757502000700	1	$863.00	$1,344.09			$2,207.09	
272723757502000710	1	$863.00	$1,344.09			$2,207.09	
272723757502000720	1	$863.00	$1,344.09			$2,207.09	
272723757502000730	1	$863.00	$1,344.09			$2,207.09	
272723757502000740	1	$863.00	$1,344.09			$2,207.09	
272723757502000750	1	$863.00	$1,344.09			$2,207.09	
272723757502000760	1	$863.00	$1,344.09			$2,207.09	
272723757502000770	1	$863.00	$1,344.09			$2,207.09	
272723757502000780	1	$863.00	$1,344.09			$2,207.09	
272723757502000790	1	$863.00	$1,344.09			$2,207.09	
272723757502000800	1	$863.00	$1,344.09			$2,207.09	
272723757502000810	1	$863.00	$1,344.09			$2,207.09	
272723757502000820	1	$863.00	$1,344.09			$2,207.09	
272723757502000830	1	$863.00	$1,344.09			$2,207.09	
272723757502000840	1	$863.00	$1,344.09			$2,207.09	
272723757502000850	1	$863.00	$1,344.09			$2,207.09	
272723757502000860	1	$863.00	$1,344.09			$2,207.09	
272723757502000870	1	$863.00	$1,344.09			$2,207.09	
272723757502000880	1	$863.00	$1,344.09			$2,207.09	
272723757502000890	1	$863.00	$1,344.09			$2,207.09	
272723757502000900	1	$863.00	$1,344.09			$2,207.09	
272723757502000910	1	$863.00	$1,344.09			$2,207.09	

PARCEL ID	Units	O&M	Series 2020 AA1
Debt	Series 2020 AA2 Debt	Series 2022 Debt	Total	
272723757502000920	1	$863.00	$1,344.09			$2,207.09	
272723757502000930	1	$863.00	$1,344.09			$2,207.09	
272723757502000940	1	$863.00	$1,344.09			$2,207.09	
272723757502000950	1	$863.00	$1,344.09			$2,207.09	
272723757502000960	1	$863.00	$1,344.09			$2,207.09	
272723757502000970	1	$863.00	$1,344.09			$2,207.09	
272723757502000980	1	$863.00	$1,344.09			$2,207.09	
272723757502000990	1	$863.00	$1,344.09			$2,207.09	
272723757502001000	1	$863.00	$1,344.09			$2,207.09	
272723757502001010	1	$863.00	$1,344.09			$2,207.09	
272723757502001020	1	$863.00	$1,344.09			$2,207.09	
272723757502001030	1	$863.00	$1,344.09			$2,207.09	
272723757502001040	1	$863.00	$1,344.09			$2,207.09	
272723757502001050	1	$863.00	$1,344.09			$2,207.09	
272723757502001060	1	$863.00	$1,344.09			$2,207.09	
272723757502001070	1	$863.00	$1,344.09			$2,207.09	
272723757502001080	1	$863.00	$1,344.09			$2,207.09	
272723757502001090	1	$863.00	$1,344.09			$2,207.09	
272723757502001100	1	$863.00	$1,344.09			$2,207.09	
272723757502001110	1	$863.00	$1,344.09			$2,207.09	
272723757502001120	1	$863.00	$1,344.09			$2,207.09	
272723757502001130	1	$863.00	$1,344.09			$2,207.09	
272723757502001140	1	$863.00	$1,344.09			$2,207.09	
272723757502001150	1	$863.00	$1,344.09			$2,207.09	
272723757502001160	1	$863.00	$1,344.09			$2,207.09	
272723757502001170	1	$863.00	$1,344.09			$2,207.09	
272723757502001180	1	$863.00	$1,344.09			$2,207.09	
272723757502001190	1	$863.00	$1,344.09			$2,207.09	
272723757502001200	1	$863.00	$1,344.09			$2,207.09	
272723757502001210	1	$863.00	$1,344.09			$2,207.09	
272723757502001220	1	$863.00	$1,344.09			$2,207.09	
272723757502001230	1	$863.00	$1,344.09			$2,207.09	
272723757502001240	1	$863.00	$1,344.09			$2,207.09	
272723757502001250	1	$863.00	$1,344.09			$2,207.09	
272723757502001260	1	$863.00	$1,344.09			$2,207.09	
272723757502001270	1	$863.00	$1,344.09			$2,207.09	
272723757502001280	1	$863.00	$1,344.09			$2,207.09	
272723757502001290	1	$863.00	$1,344.09			$2,207.09	
272723757502001300	1	$863.00	$1,344.09			$2,207.09	
272723757502001310	1	$863.00	$1,344.09			$2,207.09	
272723757502001320	1	$863.00	$1,344.09			$2,207.09	
272723757502001330	1	$863.00	$1,344.09			$2,207.09	
272723757502001340	1	$863.00	$1,344.09			$2,207.09	
272723757502001350	1	$863.00	$1,344.09			$2,207.09	
272723757502001360	1	$863.00	$1,344.09			$2,207.09	
272723757502001370	1	$863.00	$1,344.09			$2,207.09	
272723757502001380	1	$863.00	$1,344.09			$2,207.09	
272723757502001390	1	$863.00	$1,344.09			$2,207.09	

PARCEL ID	Units	O&M	Series 2020 AA1
Debt	Series 2020 AA2 Debt	Series 2022 Debt	Total	
272723757502001400	1	$863.00	$1,344.09			$2,207.09	
272723757502001410	1	$863.00	$1,344.09			$2,207.09	
272723757502001420	1	$863.00	$1,344.09			$2,207.09	
272723757502001430	1	$863.00	$1,344.09			$2,207.09	
272723757502001440	1	$863.00	$1,344.09			$2,207.09	
272723757502001450	1	$863.00	$1,344.09			$2,207.09	
272723757502001460	1	$863.00	$1,344.09			$2,207.09	
272723757502001470	1	$863.00	$1,344.09			$2,207.09	
272723757502001480	1	$863.00	$1,344.09			$2,207.09	
272723757502001490	1	$863.00	$1,344.09			$2,207.09	
272723757502001500	1	$863.00	$1,344.09			$2,207.09	
272723757502001510	1	$863.00	$1,344.09			$2,207.09	
272723757502001520	1	$863.00	$1,344.09			$2,207.09	
272723757502001530	1	$863.00	$1,344.09			$2,207.09	
272723757502001540	1	$863.00	$1,344.09			$2,207.09	
272723757502001550	1	$863.00	$1,344.09			$2,207.09	
272723757502001560	1	$863.00	$1,344.09			$2,207.09	
272723757502001570	1	$863.00	$1,344.09			$2,207.09	
272723757502001580	1	$863.00	$1,344.09			$2,207.09	
272723757502001590	1	$863.00	$1,344.09			$2,207.09	
272723757502001600	1	$863.00	$1,344.09			$2,207.09	
272723757502001610	1	$863.00	$1,344.09			$2,207.09	
272723757502001620	1	$863.00	$1,344.09			$2,207.09	
272723757502001630	1	$863.00	$1,344.09			$2,207.09	
272723757502001640	1	$863.00	$1,344.09			$2,207.09	
272723757502001650	1	$863.00	$1,344.09			$2,207.09	
272723757502001660	1	$863.00	$1,344.09			$2,207.09	
272723757502001670	1	$863.00	$1,344.09			$2,207.09	
272723757502001680	1	$863.00	$1,344.09			$2,207.09	
272723757502001690	1	$863.00	$1,344.09			$2,207.09	
272723757502001700	1	$863.00	$1,344.09			$2,207.09	
272723757502001710	1	$863.00	$1,344.09			$2,207.09	
272723757502001720	1	$863.00	$1,344.09			$2,207.09	
272723757502001730	1	$863.00	$1,344.09			$2,207.09	
272723757502001740	1	$863.00	$1,344.09			$2,207.09	
272723757502001750	1	$863.00	$1,344.09			$2,207.09	
272723757502001760	1	$863.00	$1,344.09			$2,207.09	
272723757502001770	1	$863.00	$1,344.09			$2,207.09	
272723757502001780	1	$863.00	$1,344.09			$2,207.09	
272723757502001790	1	$863.00	$1,344.09			$2,207.09	
272723757502001800	1	$863.00	$1,344.09			$2,207.09	
272723757502001810	1	$863.00	$1,344.09			$2,207.09	
272723757502001820	1	$863.00	$1,344.09			$2,207.09	
272723757502001830	1	$863.00	$1,344.09			$2,207.09	
272723757502001840	1	$863.00	$1,344.09			$2,207.09	
272723757502001850	1	$863.00	$1,344.09			$2,207.09	
272723757502001860	1	$863.00	$1,344.09			$2,207.09	
272723757502001870	1	$863.00	$1,344.09			$2,207.09	

PARCEL ID	Units	O&M	Series 2020 AA1
Debt	Series 2020 AA2 Debt	Series 2022 Debt	Total	
272723757502001880	1	$863.00	$1,344.09			$2,207.09	
272723757502001890	1	$863.00	$1,344.09			$2,207.09	
272723757502001900	1	$863.00	$1,344.09			$2,207.09	
272723757502001910	1	$863.00	$1,344.09			$2,207.09	
272723757502001920	1	$863.00	$1,344.09			$2,207.09	
272723757502001930	1	$863.00	$1,344.09			$2,207.09	
272723757502001940	1	$863.00	$1,344.09			$2,207.09	
272723757502001950	1	$863.00	$1,344.09			$2,207.09	
272723757502001960	1	$863.00	$1,344.09			$2,207.09	
272723757502001970	1	$863.00	$1,344.09			$2,207.09	
272723757502001980	1	$863.00	$1,344.09			$2,207.09	
272723757502001990	1	$863.00	$1,344.09			$2,207.09	
272723757502002000	1	$863.00	$1,344.09			$2,207.09	
272723757502002010	1	$863.00	$1,344.09			$2,207.09	
272723757502002020	1	$863.00	$1,344.09			$2,207.09	
272723757502002030	1	$863.00	$1,344.09			$2,207.09	
272723757502002040	1	$863.00	$1,344.09			$2,207.09	
272723757502002050	1	$863.00	$1,344.09			$2,207.09	
272723757502002060	1	$863.00	$1,344.09			$2,207.09	
272723757502002070	1	$863.00	$1,344.09			$2,207.09	
272723757502002080	1	$863.00	$1,344.09			$2,207.09	
272723757502002090	1	$863.00	$1,344.09			$2,207.09	
272723757502002100	1	$863.00	$1,344.09			$2,207.09	
272723757502002110	1	$863.00	$1,344.09			$2,207.09	
272723757502002120	1	$863.00	$1,344.09			$2,207.09	
272723757502002130	1	$863.00	$1,344.09			$2,207.09	
272723757502002140	1	$863.00	$1,344.09			$2,207.09	
272723757502002150	1	$863.00	$1,344.09			$2,207.09	
272723757502002160	1	$863.00	$1,344.09			$2,207.09	
272723757502002170	1	$863.00	$1,344.09			$2,207.09	
272723757502002180	1	$863.00	$1,344.09			$2,207.09	
272723757502002190	1	$863.00	$1,344.09			$2,207.09	
272723757502002200	1	$863.00	$1,344.09			$2,207.09	
272723757502002210	1	$863.00	$1,344.09			$2,207.09	
272723757502002220	1	$863.00	$1,344.09			$2,207.09	
272723757502002230	1	$863.00	$1,344.09			$2,207.09	
272723757502002240	1	$863.00	$1,344.09			$2,207.09	
272723757502002250	1	$863.00	$1,344.09			$2,207.09	
272723757502002260	1	$863.00	$1,344.09			$2,207.09	
272723757502002270	1	$863.00	$1,344.09			$2,207.09	
272723757502002280	1	$863.00	$1,344.09			$2,207.09	
272723757502002290	1	$863.00	$1,344.09			$2,207.09	
272723757502002300	1	$863.00	$1,344.09			$2,207.09	
272723757502002310	1	$863.00	$1,344.09			$2,207.09	
272723757502002320	1	$863.00	$1,344.09			$2,207.09	
272723757502002330	1	$863.00	$1,344.09			$2,207.09	
272723757502002340	1	$863.00	$1,344.09			$2,207.09	
272723757502002350	1	$863.00	$1,344.09			$2,207.09	

PARCEL ID	Units	O&M	Series 2020 AA1
Debt	Series 2020 AA2 Debt	Series 2022 Debt	Total	
272723757502002360	1	$863.00	$1,344.09			$2,207.09	
272723757502002370	1	$863.00	$1,344.09			$2,207.09	
272723757502002380	1	$863.00	$1,344.09			$2,207.09	
272723757502002390	1	$863.00	$1,344.09			$2,207.09	
272723757502002400	1	$863.00	$1,344.09			$2,207.09	
272723757502002410	1	$863.00	$1,344.09			$2,207.09	
272723757502002420	1	$863.00	$1,344.09			$2,207.09	
272723757502002430	1	$863.00	$1,344.09			$2,207.09	
272723757502002440	1	$863.00	$1,344.09			$2,207.09	
272723757502002450	1	$863.00	$1,344.09			$2,207.09	
272723757502002460	1	$863.00	$1,344.09			$2,207.09	
272723757502002470	1	$863.00	$1,344.09			$2,207.09	
272723757502002480	1	$863.00	$1,344.09			$2,207.09	
272723757502002490	1	$863.00	$1,344.09			$2,207.09	
272723757502002500	1	$863.00	$1,344.09			$2,207.09	
272723757502002510	1	$863.00	$1,344.09			$2,207.09	
272723757502002520	1	$863.00	$1,344.09			$2,207.09	
272723757502002530	1	$863.00	$1,344.09			$2,207.09	
272723757502002540	1	$863.00	$1,344.09			$2,207.09	
272723757502002550	1	$863.00	$1,344.09			$2,207.09	
272723757502002560	1	$863.00	$1,344.09			$2,207.09	
272723757502002570	1	$863.00	$1,344.09			$2,207.09	
272723757502002580	1	$863.00	$1,344.09			$2,207.09	
272723757502002590	1	$863.00	$1,344.09			$2,207.09	
272723757502002600	1	$863.00	$1,344.09			$2,207.09	
272723757502002610	1	$863.00	$1,344.09			$2,207.09	
272723757502002620	1	$863.00	$1,344.09			$2,207.09	
272723757502002630	1	$863.00	$1,344.09			$2,207.09	
272723757502002640	1	$863.00	$1,344.09			$2,207.09	
272723757502002650	1	$863.00	$1,344.09			$2,207.09	
272723757502002660	1	$863.00	$1,344.09			$2,207.09	
272723757502002670	1	$863.00	$1,344.09			$2,207.09	
272723757502002680	1	$863.00	$1,344.09			$2,207.09	
272723757502002690	1	$863.00	$1,344.09			$2,207.09	
272723757502002700	1	$863.00	$1,344.09			$2,207.09	
272723757502002710	1	$863.00	$1,344.09			$2,207.09	
272723757502002720	1	$863.00	$1,344.09			$2,207.09	
272723757502002730	1	$863.00	$1,344.09			$2,207.09	
272723757502002740	1	$863.00	$1,344.09			$2,207.09	
272723757502002750	1	$863.00	$1,344.09			$2,207.09	
272723757502002760	1	$863.00	$1,344.09			$2,207.09	
272723757502002770	1	$863.00	$1,344.09			$2,207.09	
272723757502002780	1	$863.00	$1,344.09			$2,207.09	
272723757502002790	1	$863.00	$1,344.09			$2,207.09	
272723757502002800	1	$863.00	$1,344.09			$2,207.09	
272723757502002810	1	$863.00	$1,344.09			$2,207.09	
272723757502002820	1	$863.00	$1,344.09			$2,207.09	
272723757502002830	1	$863.00	$1,344.09			$2,207.09	

PARCEL ID	Units	O&M	Series 2020 AA1
Debt	Series 2020 AA2 Debt	Series 2022 Debt	Total	
272723757502002840	1	$863.00	$1,344.09			$2,207.09	
272723757502002850	1	$863.00	$1,344.09			$2,207.09	
272723757502002860	1	$863.00	$1,344.09			$2,207.09	
272723757502002870	1	$863.00	$1,344.09			$2,207.09	
272723757502002880	1	$863.00	$1,344.09			$2,207.09	
272723757502002890	1	$863.00	$1,344.09			$2,207.09	
272723757502002900	1	$863.00	$1,344.09			$2,207.09	
272723757502002910	1	$863.00	$1,344.09			$2,207.09	
272723757502002920	1	$863.00	$1,344.09			$2,207.09	
272723757502002930	1	$863.00	$1,344.09			$2,207.09	
272723757502002940	1	$863.00	$1,344.09			$2,207.09	
272723757502002950	1	$863.00	$1,344.09			$2,207.09	
272723757502002960	1	$863.00	$1,344.09			$2,207.09	
272723757502002970	1	$863.00	$1,344.09			$2,207.09	
272723757502002980	1	$863.00	$1,344.09			$2,207.09	
272723757502002990	1	$863.00	$1,344.09			$2,207.09	
272723757502003000	1	$863.00	$1,344.09			$2,207.09	
272723757502003010	1	$863.00	$1,344.09			$2,207.09	
272723757502003020	1	$863.00	$1,344.09			$2,207.09	
272723757502003030	1	$863.00	$1,344.09			$2,207.09	
272723757502003040	1	$863.00	$1,344.09			$2,207.09	
272723757502003050	1	$863.00	$1,344.09			$2,207.09	
272723757502003060	1	$863.00	$1,344.09			$2,207.09	
272723757502003070	1	$863.00	$1,344.09			$2,207.09	
272723757502003080	1	$863.00	$1,344.09			$2,207.09	
272723757502003090	1	$863.00	$1,344.09			$2,207.09	
272723757502003100	1	$863.00	$1,344.09			$2,207.09	
272723757502003110	1	$863.00	$1,344.09			$2,207.09	
272723757502003120	1	$863.00	$1,344.09			$2,207.09	
272723757502003130	1	$863.00	$1,344.09			$2,207.09	
272723757502003140	1	$863.00	$1,344.09			$2,207.09	
272723757502003150	1	$863.00	$1,344.09			$2,207.09	
272723757502003160	1	$863.00	$1,344.09			$2,207.09	
272723757502003170	1	$863.00	$1,344.09			$2,207.09	
272723757502003180	1	$863.00	$1,344.09			$2,207.09	
272723757502003190	1	$863.00	$1,344.09			$2,207.09	
272723757502003200	1	$863.00	$1,344.09			$2,207.09	
272723757502003210	1	$863.00	$1,344.09			$2,207.09	
272723757502003220	1	$863.00	$1,344.09			$2,207.09	
272723757502003230	1	$863.00	$1,344.09			$2,207.09	
272723757502003240	1	$863.00	$1,344.09			$2,207.09	
272723757502003250	1	$863.00	$1,344.09			$2,207.09	
272723757502003260	1	$863.00	$1,344.09			$2,207.09	
272723757502003270	1	$863.00	$1,344.09			$2,207.09	
272723757502003280	1	$863.00	$1,344.09			$2,207.09	
272723757502003290	1	$863.00	$1,344.09			$2,207.09	
272723757502003300	1	$863.00	$1,344.09			$2,207.09	
272723757502003310	1	$863.00	$1,344.09			$2,207.09	

PARCEL ID	Units	O&M	Series 2020 AA1
Debt	Series 2020 AA2 Debt	Series 2022 Debt	Total	
272723757502003320	1	$863.00	$1,344.09			$2,207.09	
272723757502003330	1	$863.00	$1,344.09			$2,207.09	
272723757502003340	1	$863.00	$1,344.09			$2,207.09	
272723757502003350	1	$863.00	$1,344.09			$2,207.09	
272723757502003360	1	$863.00	$1,344.09			$2,207.09	
272723757502003370	1	$863.00	$1,344.09			$2,207.09	
272723757502003380	1	$863.00	$1,344.09			$2,207.09	
272723757502003390	1	$863.00	$1,344.09			$2,207.09	
272723757502003400	1	$863.00	$1,344.09			$2,207.09	
272723757502003410	1	$863.00	$1,344.09			$2,207.09	
272723757502003420	1	$863.00	$1,344.09			$2,207.09	
272723757502003430	1	$863.00	$1,344.09			$2,207.09	
272723757502003440	1	$863.00	$1,344.09			$2,207.09	
272723757502003450	1	$863.00	$1,344.09			$2,207.09	
272723757502003460	1	$863.00	$1,344.09			$2,207.09	
272723757502003470	1	$863.00	$1,344.09			$2,207.09	
272723757502003480	1	$863.00	$1,344.09			$2,207.09	
272723757502003490	1	$863.00	$1,344.09			$2,207.09	
272723757502003500	1	$863.00	$1,344.09			$2,207.09	
272723757502003510	1	$863.00	$1,344.09			$2,207.09	
272723757502003520	1	$863.00	$1,344.09			$2,207.09	
272723757502003530	1	$863.00	$1,344.09			$2,207.09	
272723757502003540	1	$863.00	$1,344.09			$2,207.09	
272723757502003550	0						
272723757502003560	0						
272723757502003570	0						
Gross Onroll Assessments	354	$305,502.00	$475,807.86	$0.00	$0.00	$781,309.86	
							
Net Onroll Assessments		$284,116.86	$442,501.31	$0.00	$0.00	$726,618.17	

Direct Billing							
PARCEL ID	Acres	O&M	Series 2020	Series 2020 AA2 Debt	Series 2022	Total	
			AA1 Debt		Debt		
272723000000023001	58.10	$227,397.12		$57,802.72	$415,439.49	$473,242.21	
272724000000044020	18.85	$73,789.88		$18,756.86	$134,809.22	$153,566.08	
Gross Offroll Assessments	76.95	$301,187.00	$0.00	$76,559.58	$550,248.71	$626,808.29	
							
Net Offroll Assessments		$280,103.91	$0.00	$71,200.41	$511,731.30	$582,931.71	
							
Total Gross Assessments		$606,689.00	$475,807.86	$76,559.58	$550,248.71	$1,408,118.15	
							
Total Net Assessments		$564,220.77	$442,501.31	$71,200.41	$511,731.30	$1,309,549.88	

Section VI
RESOLUTION 2023-08

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE ANNUAL MEETING SCHEDULE FOR FISCAL YEAR 2024; AND PROVIDING FOR AN EFFECTIVE DATE.

Whereas, the Cypress Park Estates Community Development District (the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within Polk County, Florida; and

Whereas, the District is required by Section 189.015, Florida Statutes, to file quarterly, semi- annually, or annually a schedule (including date, time, and location) of its regular meetings with local governing authorities; and

Whereas, further, in accordance with the above-referenced statute, the District shall also publish quarterly, semi-annually, or annually the District’s regular meeting schedule in a newspaper of general paid circulation in the county in which the District is located; and

WHEREAS, the Board desires to adopt the Fiscal Year 2023/2024 annual meeting schedule attached as Exhibit A.

NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1. The Fiscal Year 2023/2024 annual meeting schedule attached hereto and incorporated by reference herein as Exhibit A is hereby approved and shall be published in accordance with the requirements of Florida law and also provided to applicable governing authorities.

SECTION 2.   This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 25th day of July 2023.

ATTEST:	CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Exhibit A:	Fiscal Year 2023/2024 Annual Meeting Schedule
Exhibit A: Fiscal Year 2023/2024 Annual Meeting Schedule

BOARD OF SUPERVISORS MEETING DATES
CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024

The Board of Supervisors of the Cypress Park Estates Community Development District will hold their regular meetings for Fiscal Year 2023/2024 at the Lake Alfred Public Library, 245 N. Seminole Avenue, Lake Alfred, Florida 33850, on the 4th Tuesday of every month at 10:30 AM unless otherwise indicated as follows:

October 24, 2023
November 28, 2023
December 26, 2023
January 23, 2024
February 27, 2024
March 26, 2024
April 23, 2024
May 28, 2024
June 25, 2024
July 23, 2024
August 27, 2024
September 24, 2024

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 VII
RESOLUTION 2023-09

A RESOLUTION OF THE BOARD OF SUPERVISORS OF CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT APPOINTING AN ASSISTANT TREASURER OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE

Whereas, Cypress Park Estates Community Development District (hereinafter the “District”) is a local unit of special-purpose government created and existing pursuant to Chapter 190, Florida Statutes, being situated within the City of Haines City, Polk County, Florida; and

Whereas, the Board of Supervisors of the District desires to appoint an Assistant Treasurer.

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

SECTION 1.  Darrin Mossing, Sr. is appointed as an Assistant Treasurer.

SECTION 2.  This Resolution shall become effective immediately upon its adoption.

Passed and adopted this 25th day of July 2023.

ATTEST:	CYPRESS PARK ESTATES
COMMUNITY DEVELOPMENT DISTRICT

Secretary / Assistant Secretary	Chairperson, Board of Supervisors

Section VIII

CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT CITY OF HAINES CITY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022
CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT CITY OF HAINES CITY, 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	13-21	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balance –
Budget and Actual – General Fund	
22	
Notes to Required Supplementary Information	23	
OTHER INFORMATION		
Data Elements Required by Florida Statute 218.39(3)(c)	24	
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	

25-26	
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	

27	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
28-29	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Cypress Park Estates Community Development District City of Haines City, Florida
951 Yamato Road ▪ Suite 280
Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

Report on the Audit of the Financial Statements
Opinions
We have audited the accompanying financial statements of the governmental activities and each major fund of Cypress Park Estates Community Development District, City of Haines City, Florida (“District”) as of and for the fiscal year ended September 30, 2022, 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 September 30, 2022, and the respective changes in financial position thereof for the fiscal year ended September 30, 2022 then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with FL Statute 218.39 (3) (c) but does not include the financial statements and our auditor's report thereon. Our opinions on the financial statements do not cover the other information, and we do not express an opinion or any form of assurance thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and consider whether a material inconsistency exists between the other information and the financial statements, or the other information otherwise appears to be materially misstated. If, based on the work performed, we conclude that an uncorrected material misstatement of the other information exists, we are required to describe it in our report.
Other Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards, we have also issued our report dated June 21, 2023, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

June 21, 2023
MANAGEMENT’S DISCUSSION AND ANALYSIS

Our discussion and analysis of Cypress Park Estates Community Development District, City of Haines City, Florida (“District”) provides a narrative overview of the District’s financial activities for the fiscal year ended September 30, 2022. 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 assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $2,062,258.

The change in the District’s total net position in comparison with the prior fiscal year was
$1,737,053, 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, 2022, the District’s governmental funds reported combined ending fund balance of $8,003,360. The fund balance is restricted for debt service, non-spendable for prepaids and the remainder is unassigned fund balance.

OVERVIEW OF FINANCIAL STATEMENTS

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

Government-Wide Financial Statements

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

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

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

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

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 fund, and capital projects fund, both 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, assets exceeded liabilities 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,
	2022	2021	
Current and other assets
$	8,209,075  $
1,520,638
Capital assets, net of depreciation		10,983,423		8,736,982  Total assets		19,192,498	10,257,620 
Current liabilities	469,202	1,056,662
Long-term liabilities		16,661,038	8,875,753 
Total liabilities		17,130,240	9,932,415  Net position
Net investment in capital assets	912,070	(138,771)
Restricted	1,078,760	542,552
Unrestricted		71,428	(78,576)
Total net position	 $	2,062,258  $	325,205 

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.

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

The District’s net position increased during the most recent fiscal year. The majority of the increase was due to Developer contributions related to the infrastructure improvements which are under construction.

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,
2022	2021

Revenues:
Program revenues
Charges for services	$	767,325	$	-	
Operating grants and contributions	12,958	70,405	
Capital grants and contributions	1,970,466	1,031,647	
Total revenues	2,750,749	1,102,052	
Expenses:
General government	
100,016	
70,745	
Maintenance and operations	107,016	240	
Bond issue costs	337,830	399,782	
Interest	468,834	302,042	
Total expenses	1,013,696	772,809	
Change in net position	1,737,053	329,243	
Net position - beginning	325,205	(4,038)	
Net position - ending	$	2,062,258	$	325,205	

As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2022 was $1,013,696. The costs of the District’s activities were funded by program revenues which were comprised of Developer contributions as well as assessments. The substantial increase in expenses from the prior year is primarily the result of an increase in maintenance and interest expense in the current year.

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, 2022.

Capital Assets

At September 30, 2022, the District had $10,996,574 invested in capital assets for its governmental activities. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2022, the District had $16,650,000 Bonds outstanding for its governmental activities. In addition, the District has $87,643 in outstanding notes payable related to a financed purchase agreement. 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

For the subsequent fiscal year, the District anticipates that the cost of general operations will increase as the District is built out.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT

If you have questions about this report or need additional financial information, contact the Cypress Park Estates Community Development District’s Finance Department at 219 E. Livingston Street, Orlando, Florida, 32801.
CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT CITY OF HAINES CITY, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2022

	Governmental
	Activities		
ASSETS		
Cash and cash equivalents	$	74,213	
Assessments receivable	23,247	
Prepaid items	19,683	
Restricted assets:		
Investments	8,091,932	
Capital assets:		
Nondepreciable	10,904,514	
Depreciable, net		78,909 	
Total assets		19,192,498 	
LIABILITIES		
Accounts payable	9,187	
Accrued interest payable	263,487	
Contracts and retainage payable	196,528	
Non-current liabilities:		
Due within one year	290,000	
Due in more than one year		16,371,038 	
Total liabilities		17,130,240 	
NET POSITION		
Net investment in capital assets	912,070	
Restricted for debt service	1,078,760	
Unrestricted		71,428 	
Total net position	 $	2,062,258 	

See notes to the financial statements
CYPRESS PARK ESTATES COMMUNITY DEVELOPMENT DISTRICT CITY OF HAINES CITY, FLORIDA
STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

Charges for

Program Revenues Operating Grants and

Capital Grants and
Net (Expense) Revenue and Changes in Net Position

Governmental
Functions/Programs		Expenses	Services	Contributions	Contributions	Activities	 Primary government:
Governmental activities:
General government
$	100,016	$
-	$	9,105	$
-	$	(90,911)

Maintenance and operations	107,016	262,500	-	1,970,466	2,125,950	
Interest on long-term debt	468,834	504,825	3,853	-	39,844	
Bond issue costs			337,830		-		-		-		(337,830)  Total governmental activities		1,013,696	767,325	12,958	1,970,466	1,737,053 

Change in net position	1,737,053	
Net position - beginning		325,205 	
Net position - ending	 $  2,062,258 	

See notes to the financial statements
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2022

		Major Funds	
Debt	Capital
General	Service	Projects	Total Governmental
Funds	
ASSETS			
Cash and cash equivalents	$	64,865	$	-	9,348	$	74,213	
Investments	-	1,319,000	6,772,932	8,091,932	
Due from other funds	-	-	3,933	3,933	
Assessments receivable	-	23,247	-	23,247	
Prepaid items	19,683	-	-	19,683	
Total assets	$	84,548	$ 1,342,247	$ 6,786,213	$  8,213,008	

LIABILITIES AND FUND BALANCES					
Liabilities:					
Accounts payable	$	9,187	$	-	$	-	$	9,187	
Contracts and retainage payable	-	-	196,528	196,528		
Due to other funds	3,933	-	-	3,933		
Total liabilities	13,120	-	196,528	209,648		

Fund balances: Nonspendable:
Prepaid items	19,683	-	-	19,683	
Restricted for:
Debt service	
-	
1,342,247	
-	
1,342,247	
Unassigned	51,745	-	6,589,685	6,641,430	
Total fund balances	71,428	1,342,247	6,589,685	8,003,360	

Total liabilities and fund balances

$	84,548

$ 1,342,247

$ 6,786,213

$  8,213,008

See notes to the financial statement
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2022

Fund balance - governmental funds	$	8,003,360 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 any accumulated depreciation, in the net position of the government as a whole.
Cost of capital assets	10,996,574
Accumulated depreciation	   (13,151)   10,983,423 

Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund statements. All liabilities, both current and long-term, are reported in the government-wide financial statements.
Accrued interest payable	(263,487)	
Bonds payable	(16,573,395)	
Note payable		(87,643)	(16,924,525) 	
Net position of governmental activities	$	2,062,258	

See notes to the financial statement
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

	Major Funds		Total
Debt
General	Service
Capital Projects
Governmental Funds
REVENUES					
Special assessments	$	262,500	$	504,825	$	-	$	767,325	
Developer contributions	9,105	-	1,953,811	1,962,916	
Interest earnings	-	3,853	16,655	20,508	
Total revenues	271,605	508,678	1,970,466	2,750,749	

EXPENDITURES
Current:
General government	100,016	-	-	100,016	
Maintenance and operations	93,865	-	-	93,865	
Debt service:
Principal	
4,417	
170,000	
-	
174,417	
Interest	3,869	340,862	-	344,731	
Bond issuance costs	-	-	337,830	337,830	
Capital outlay	92,060	-	2,167,532	2,259,592	
Total expenditures	294,227	510,862	2,505,362	3,310,451	

Excess (deficiency) of revenues over (under) expenditures	

(22,622)	

(2,184)	

(534,896)	

(559,702)	

OTHER FINANCING SOURCES (USES)
Bond proceeds	

-	

659,853	

7,205,147	

7,865,000	
Note proceeds	92,060	-	-	92,060	
Total other financing sources (uses)	92,060	659,853	7,205,147	7,957,060	

Net change in fund balances	
69,438	
657,669	
6,670,251	
7,397,358	
Fund balances - beginning	1,990	684,578	(80,566)	606,002	

Fund balances - ending	
$	71,428	
$	1,342,247	
$ 6,589,685	
$  8,003,360	

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, 2022

Net change in fund balances - total governmental funds	$	7,397,358	
Amounts reported for governmental activities in the statement of activities are different because:		
Governmental funds report capital outlays as expenditures; however, the cost of those assets is eliminated in the statement of activities and capitalized in the statement of net position.	

2,259,592	
Depreciation on capital assets is not recognized in the governmental fund statement but is reported as an expense in the statement of activities.	

(13,151)	
Repayment of long-term liabilities are reported as expenditures in the governmental fund statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

174,417	
Governmental funds report the face amount of Bonds issued as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long- term liabilities in the statement of net position.	

(7,865,000)	
Governmental funds report notes payable as financial resources when debt is first issued, whereas these amounts are eliminated in the statement of activities and recognized as long-term liabilities in the statement of net position.	

(92,060)	
Amortization of Bond discounts/premiums is not recognized in the governmental fund financial statements, but is reported as an expense		
in the statement of activities.	(2,642)	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the governmental fund financial statements.	

	(121,461) 	
Change in net position of governmental activities	$	1,737,053	

See notes to the financial statements
NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

Cypress Park Estates Community Development District (the "District") was established by the City Council of City of Haines City’s approval of Ordinance No. 2019-1664 effective on December 5, 2019 pursuant to the Uniform Community Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. 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 purposes of financing and managing the acquisition, construction, maintenance and operation of a portion of the infrastructure necessary for community development within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at large basis by the owners of the property within the District. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes. As of September 30, 2022, all of the Board members are affiliated with KRPC East Johnson LLC (“Developer”).

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

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

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Government-Wide and Fund Financial Statements
The basic financial statements include both government-wide and fund financial statements.

The government-wide financial statements (i.e., the statement of net position and the statement of activities) report information on all of the non-fiduciary activities of the primary government. For the most part, the effect of interfund activity has been removed from these statements.

The statement of activities demonstrates the degree to which the direct expenses of a given function or segment is offset by program revenues. Direct expenses are those that are clearly identifiable with a specific function or segment. Program revenues include: 1) charges to customers who purchase, use, or directly benefit from goods, services, or privileges provided by a given function or segment; operating- type special assessments for maintenance and debt service are treated as charges for services and 2) grants and contributions that are restricted to meeting the operational or capital requirements of a particular function or segment. Other items not included among program revenues are reported instead as general revenues.

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

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

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

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

The District reports the following major governmental funds:

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

Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

Capital Projects Fund
This fund accounts for the financial resources to be used for the acquisition or construction of major infrastructure within the District.

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.

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

New Accounting Standards Adopted
During fiscal year 2022, the District adopted the following new accounting standards as follows: GASB Statement No. 87 – Leases
The objective of this Statement is to better meet the information needs of financial statement users by improving accounting and financial reporting for leases by governments. This Statement increases the usefulness of governments’ financial statements by requiring recognition of certain lease assets and liabilities for leases that previously were classified as operating leases and recognized as inflows of resources or outflows of resources based on the payment provisions of the contract. It establishes a single model for lease accounting based on the foundational principle that leases are financings of the right to use an underlying asset. Under this Statement, a lessee is required to recognize a lease liability and an intangible right-to-use lease asset, and a lessor is required to recognize a lease receivable and a deferred inflow of resources, thereby enhancing the relevance and consistency of information about governments’ leasing activities.

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.

Capital Assets (Continued)
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.
The playground equipment is being depreciated over 7 years. 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 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 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.

Fund Equity/Net Position (Continued)
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.

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 appropriations 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, 2022:

 Amortized Cost	Credit Risk	Maturities	
Weighted average of the fund
First American Treasury Obligation Fd Cl V
 $	8,091,932 	S&P AAAm
 $	8,091,932 
portfolio: 18 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 Indenture limits 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.

Capital asset activity for the fiscal year ended September 30, 2022 was as follows:
Beginning

Ending

Governmental activities
Capital assets, not being depreciated
Balance
Additions	Reductions
Balance
Infrastructure under construction
$	8,736,982  $
2,167,532  $
-	$	10,904,514
Total capital assets, not being depreciated	8,736,982	2,167,532	-	10,904,514	

Capital assets, being depreciated Playground equipment - financed purchase	

-	

92,060	

-	

92,060	
Total capital assets, being depreciated	-	92,060	-	92,060	

Less accumulated depreciation for: Playground equipment - financed purchase	

-	

13,151	

-	

13,151	
Total accumulated depreciation	-	13,151	-	13,151	

Total capital assets being depreciated	
-	
78,909	
-	
78,909	

Governmental activities capital assets, net
$	8,736,982  $
2,246,441	$
-	$	10,983,423

The infrastructure intended to serve the District has been estimated at a total cost of approximately
$22,500,000.	The infrastructure will include public roadway improvements, stormwater management facilities, master sanitary sewer lift station and utilities, entry feature, landscaping and signage, and parks and recreational facilities. A portion of the project costs was expected to be financed with the proceeds from the issuance of Bonds with the remainder to be funded by the Developer and conveyed to the District. Upon completion, certain improvements are to be conveyed to others for ownership and maintenance responsibilities. The Developer contributed $1,953,811 towards the infrastructure improvement during the current fiscal year.

NOTE 6 – LONG-TERM LIABILITIES

Series 2020
On November 12, 2020, the District issued $8,955,000 of Special Assessment Bonds, Series 2020 Assessment Area 1 consisting of $7,770,000 Term Bonds due on May 1, 2051 and Series 2020 Assessment Area 2 consisting of $1,185,000 due on May 1, 2051 with fixed interest rates ranging from 2.625% to 4.125%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2022 through May 1, 2051.

The Series 2020 Bonds are subject to redemption prior to maturity as outlined in the Bond Indenture.. The Bonds are also subject to mandatory sinking fund redemption prior to their selected maturity in the manner outlined in the Bond Indenture. 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

Series 2022
On June 1, 2022, the District issued $7,865,000 of Special Assessment Bonds, Series 2022 consisting of
$655,000 Term Bond due May 1, 2027, $820,000 Term Bond due May 1, 2032, $2,405,000 Term Bond due May 1, 2042 and $3,985,000 Ter Bond due May 1, 2052 with fixed interest rates ranging from 4.375% to 5.125%. The Bonds were issued to finance the acquisition and construction of certain improvements for the benefit of the District. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2023 through May 1, 2052.

The Series 2022 Bonds are subject to redemption prior to maturity as outlined in the Bond Indenture. The Bonds are also subject to mandatory sinking fund redemption prior to their selected maturity in the manner outlined in the Bond Indenture. 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

Financed Purchase Agreement
In May 2022 the District entered into an agreement for the acquisition of playground equipment. The total acquisition cost of the property was $49,910, which was recognized as a financed purchase note payable during the current fiscal year. The term of the agreement is from May 30, 2022 to April 30, 2027 and is payable in monthly installments ranging from $662 to $1,046.

In August 2022 the District entered into an agreement for the acquisition of playground equipment. The total acquisition cost of the property was $42,150, which was recognized as a financed purchase note payable during the current fiscal year. The term of the agreement is from August 12, 2022 to July 12, 2027 and is payable in monthly installments ranging from $524 to $835

Long-term Debt Activity
Changes in long-term liability activity for the fiscal year ended September 30, 2022 were as follows:

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities						
Bonds Payable:						
Series 2020	$	8,955,000	$	-	$	170,000	$	8,785,000	$	170,000	
Less: Original issue discount	(79,247)	-	(2,642)	(76,605)	-	
Series 2022	-	7,865,000	-	7,865,000	120,000	
Note payable - financed purchase	-	92,060	4,417	87,643	-	
Total	 $	8,875,753	$	7,957,060	$	171,775	$	16,661,038	$	290,000 					

At September 30, 2022, the future payments on the note payable were as follows:

Fiscal year	Amount	
2023	$	22,984	
2024	22,983	
2025	22,988	
2026	22,983	
2027	15,272	
Total payments	107,210	
Less: amounts representing interest		(19,567)	
Note payable - financed purchase	 $	87,643 	

Long-term Debt Activity (Continued)

At September 30, 2022, the scheduled debt service requirements on the long-term debt were as follows:

Year ending
Governmental Activities

  September 30:	Principal	Interest	Total	
2023	$	295,000	$	680,290	$	975,290	
2024	300,000	718,094	1,018,094	
2025	315,000	707,756	1,022,756	
2026	325,000	696,870	1,021,870	
2027	340,000	684,600	1,024,600	
2028-2032	1,915,000	3,212,424	5,127,424	
2033-2037	2,370,000	2,769,584	5,139,584	
2038-2042	2,960,000	2,199,902	5,159,902	
2043-2047	3,705,000	1,471,954	5,176,954	
2048-2052	4,125,000	548,892	4,673,892	
Total	$	16,650,000	$	13,690,366	$	30,340,366	

NOTE 8 - DEVELOPER TRANSACTIONS

The Developer has agreed to fund the general operations of the District. In connection with that agreement, Developer contributions to the general fund and capital projects fund were $9,105 and
$1,953,811 respectively. In addition, assessments in the general and debt service fund include amounts paid by the Developer for Developer owned lots.

NOTE 9 - CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer and major landowners, the loss of which could have a material adverse effect on the District’s operations.

NOTE 10 - 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 11 - 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 since inception of the District.
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2022

	
Budgeted
	Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	

REVENUES
Assessments	

$	265,500	

$	262,500	

$	(3,000)	
Developer contributions	58,945	9,105	(49,840)	
Total revenues	324,445	271,605	(52,840)	

EXPENDITURES
Current:
General government	125,125	100,016	25,109	
Maintenance and operations	194,320	93,865	100,455	
Debt service:
Principal	
-	
4,417	
(4,417)	
Interest	-	3,869	(3,869)	
Capital outlay	5,000	92,060	(87,060)	
Total expenditures	324,445	294,227	30,218	

Excess (deficiency) of revenues over (under) expenditures	

-	

(22,622)	

(22,622)	

OTHER FINANCING SOURCES (USES)
Note proceeds	

-	

92,060	

92,060	
Total other financing sources (uses)	-	92,060	92,060	

Net change in fund balances	
 $	-		
69,438	
 $	69,438 	

Fund balance - beginning		1,990 

Fund balance - ending	 $	71,428 

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. 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, 2022.
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FLORIDA STATUTE 218.39(3)(C) UNAUDITED

Element	Comments
Number of district employees compensated at 9/30/2022	0	
Number of independent contractors compensated in September 2022	10	
Employee compensation for FYE 9/30/2022 (paid/accrued)	0	
Independent contractor compensation for FYE 9/30/2022	$	2,707,270.49	
Construction projects to begin on or after October 1; (>$65K)		
Series 2020	$933,908	
Series 2022	$8,600,048	
Budget variance report	See page 22 of annual financial report	
Ad Valorem taxes;	Not applicable	
		
Non ad valorem special assessments;		
Special assessment rate FYE 9/30/2022	Operations and maintenance - $806.45
Debt service series 2020 - $430 -1344	
Special assessments collected FYE 9/30/2022	$	767,325.61	
Outstanding Bonds:		
Series 2020-A1, due May 1, 2051	see Note 6 for details	
Series 2020-A2, due May 1, 2051	see Note 6 for details	
Series 2022, due May 1, 2052	see Note 6 for details	
951 Yamato Road ▪ Suite 280
Boca Raton, Florida 33431
(561) 994-9299 ▪ (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

INDEPENDENT AUDITOR’S REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING AND ON COMPLIANCE AND OTHER MATTERS BASED ON AN AUDIT OF FINANCIAL STATEMENTS PERFORMED IN ACCORDANCE WITH GOVERNMENT AUDITING STANDARDS

To the Board of Supervisors
Cypress Park Estates Community Development District City of Haines City, 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 Cypress Park Estates Community Development District, City of Haines City, Florida (“District”) as of and for the fiscal year ended September 30, 2022, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 21, 2023.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report
The purpose of this report is solely to describe the scope of our testing of internal control and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the entity’s internal control or on compliance. This report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the entity’s internal control and compliance. Accordingly, this communication is not suitable for any other purpose.

June 21, 2023

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
Cypress Park Estates Community Development District City of Haines City, Florida

We have examined Cypress Park Estates Community Development District, City of Haines City, 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, 2022. 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, 2022.

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 Supervisors of Cypress Park Estates Community Development District, City of Haines City, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 21, 2023

MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Cypress Park Estates Community Development District City of Haines City, Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Cypress Park Estates Community Development District, City of Haines City, Florida ("District") as of and for the fiscal year ended September 30, 2022, and have issued our report thereon dated June 21, 2023.

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 Reporting Requirements

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 Auditor’s Report on an examination conducted in accordance with AICPA Professional Standards, AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.550, Rules of the Auditor General. Disclosures in those reports, which are dated June 21, 2023, 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 Cypress Park Estates Community Development District, City of Haines City, Florida and is not intended to be and should not be used by anyone other than these specified parties.

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

June 21, 2023
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 fiscal year ended September 30, 2021.

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, 2022.

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, 2022.

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, 2022. 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 24.

Section IX

Section A

Section 1

MEMORANDUM

To:	Board of Supervisors From: Kilinski | Van Wyk PLLC Date:	July 7, 2023
Re:	Ethics Training for Special District Supervisors

The purpose of this memorandum is to provide you with information regarding new ethics training requirements applicable to Special District Supervisors. This requirement is the result of changes to Section 112.3142, Florida Statutes, which were passed during the recent legislative session. The new requirements will apply beginning with the 2024 calendar year.
Who is affected?
The new requirement applies to all elected officers of independent special districts as defined in Section 189.012, Florida Statutes, including those elected officers who are appointed to fill a vacancy for an unexpired term of office. This includes Supervisors of Community Development Districts and “Special Act” Districts, among others. It does not apply to non-elected officers of a special district, such as a secretary or treasurer, unless that person is also an elected officer. The training requirement previously applied only to specified constitutional officers, elected municipal officers, and commissioners of community redevelopment agencies.
What is required?
Supervisors will be required to complete four (4) hours of training each calendar year. The training must address, at a minimum, Article II of the State Constitution, the Code of Ethics for Public Officers and Employees, and Florida’s public records and open meetings laws. It may be completed by taking a continuing legal education class or other continuing professional education class, seminar, or presentation, if the required information is covered.
How do I report compliance?
The Commission on Ethics has not announced special procedures for special district supervisors. For other officers subject to the training requirement, compliance is self-reported by marking a check box on the annual financial disclosure form. Supervisors should keep detailed records on the name of each course, length of each course, and date completed in the event that verification is required.
When is the deadline?
This requirement will apply beginning in the 2024 calendar year. Training should be completed as close as possible to the date an officer assumes office. Officers who assume a new office or a new term of office before March 31 must complete the training on or before December 31 of the same year. Officers who assume a new office or a new term of office after March 31 are not required to complete the training until the following calendar year.
Where can I find training materials?
The Florida Commission on Ethics has provided links to approved courses on their Ethics Training web page: https://ethics.state.fl.us/Training/Training.aspx. There are also many courses – both free and for a charge – available online and in-person. Kilinski | Van Wyk will be offering customized training sessions at discounted rate for existing clients. If you have questions about whether a particular course meets the requirements, or if you would like to request a customized training session, please consult your Kilinski | Van Wyk attorney. There is also the ability to include training within your regular Board meeting schedule.

Section B

Section 1

June 9, 2023

Mr. George S. Flint
Governmental Management Services-Central Florida, LLC
219 E. Livingston St.
Orlando, FL 32801

Sent via email: ahackney@gmstnn.com

RE:	Cypress Park Estates – 2023 District Engineer’s Report
4685 E. COUNY ROAD 540A LAKELAND, FL 33813 
Phone: ( 863) 940- 9979
www.GaddCivil.com

Pursuant to Section 9.21 of the Master Trust Indenture for the Cypress Park Estates Community Development District (CDD), we have completed our annual review of the property owned by the CDD (the Property). Based on our site inspections and knowledge of the Property, it is our determination that the Property is being well maintained in reasonably good repair. Our recommendation is that maintenance procedures continue in accordance with existing policies.

We have reviewed the Budget for Fiscal Year 2023 and believe that it is sufficient for the proper operation and maintenance of the Cypress Park Estates CDD.

In addition, and in accordance with Section 9.21, we have reviewed the current limits of insurance coverage and believe that this is adequate for the community.

Please contact our office if you have any questions or require additional information.

Respectfully Submitted, Gadd & Associates, LLC CA # 30194

FL License No. 70875 District Engineer
Cypress Park Estate, CDD

This Item has been digitally signed and sealed by Rodney A. Gadd, P.E on the date adjacent to the seal. Printed copies of this document are not considered signed and sealed and signature must be verified on any electronic copies.

Section C

Cypress Park Estates CDD Field Management Report | GMS 2023

Section 1
Cypress Park Estates	
Row Tree Note 6/29/2023	

Leaning = Tree has a significant lean that poses an impedence risk to sidwalk or street. Needs to  be straightened and supported. 
Missing - Tree was removed and needs to be replaced
Dead - Tree appears dead and needs to be repalaced
Mostly Dead - Tree exhibits growth but has been damaged or stressed to a significant degree. Trees in this category are noted because they likely do not meet compliance based on other violations and discussions with city code compliance. Residents are recommeded to check on a case-by-case basis with city code compliance and need to take action to replace if needed. 

Bottlebrush Dr		
None		

White Cedar Way		
2303	x2 Leaning	
2315	x1 Dead	
2327	x1 Dead	
2335	x1 Dead	
2342	x1 Mostly Dead	
2366	x1 False	

Tupelo Trl		
1185	x1 Dead	
1202	x1 False	
1205	x1 Dead	
1229	x1 Dead	
1289	x1 Mostly Dead	
1297	x1 Dead	
1305	x1 Dead	
1328	x1 Leaning	

Pigeon Plum Dr		
2156	x1 Dead	
2164	x1 Dead	
2165	x1 Dead	
2187	x1 Dead	
2204	x1 Mostly Dead	
2336	x2 Dead	
2247	x1 Dead	
2255	x1 Dead	
2270	x1 Mostly Dead	
2274	x1 Dead	
2278	x1 Missing	
2286	x1 Dead	
Buttonwood Way		
None		

Sweet Acacia Dr		
1706	x1 Mostly Dead	
1718	x1 Dead	
1746	x1 Mostly Dead	

Silver Bell Loop		
None		

Silver Palm Drive		
544	x1 Missing	
557	x1 Dead	
568	x1 Missing	
569	x1 Dead	
573	x1 Dead	
577	x1 Dead	
581	x1 Dead	
585	x1 Missing	
592	x1 Dead	
600	x1 Dead	
605	x1 Dead	
609	x1 Dead	
612	x1 Missing	
620	x1 Missing	
621	x1 Dead	
625	x1 Dead	

Pond Pine Ct		
1903	x1 Dead	
1914	x1 Dead	
1919	x1 Mostly Dead	
1930	x1 Mostly Dead	
1931	x1 Mostly Dead	
1934	x1 Dead	
1935	x1 Dead	
1938	x1 Dead	
1939	x1 Missing	
1942	x1 Mostly Dead	
1943	x1 Dead	
1946	x1 Dead	
1947	x1 Dead	
1950	x1 Dead	
1955	x1 Missing	
1958	x1 Dead	
1959	x1 Dead	
1962	x1 Dead	
1966	x1 Dead	

1970	x2 Dead
x1 Mostly Dead	

1971	x2 Dead
x1 Missing	
CYPRESS PARK ESTATES CDD
RoW Tree Review 6/29/2023 Following City Violation Notice
Site Report

18317347385

Reference Number:	Form Name:
20230629-18317347385	Site Report
Submitter Name:	Submission Date:
Marshall Tindall (mtindall@gmscfl.com) | mtindall@gmscfl.com
Location:
557 Silver Palm Dr, Haines City, FL 33844, USA Jun 29, 2023 5:26:21 PM EDT [ View Map ]
Jun 29, 2023 5:26:46 PM EDT

.			
NEW PAGE			
District Status Review			
District
Site Inspected By	Cypress Park Estates CDD
Marshall Tindal - Assistant Field Manager		
Issue Details			
ISSUE DETAILS

Issue Details

Date / Time
Action Item Picture	

Jun 29, 2023 4:15:00 PM EDT	1 OF 18	
.

Action Item Description

Request Vendor Proposal	

White Cedar Way, 2303
leaninng trees x2
straighten a restrap trees so they can establish before they die. if they die they will need to be replaced with one's that meet city requirements.
No	
ISSUE DETAILS

Issue Details

Date / Time
Action Item Picture

Action Item Description

Request Vendor Proposal	2 OF 18

Jun 29, 2023 4:15:00 PM EDT

White Cedar Way, 2315
dead tree x1
replace with new tree that meets city requirements. No	
ISSUE DETAILS	3 OF 18	

	Issue Details		
	Date / Time	Jun 29, 2023 4:15:00 PM EDT	
	Action Item Picture		

	Action Item Description	White Cedar Way, 2327	
		- dead tree x1	
		- replace with new tree that meets city requirements.	
	Request Vendor Proposal	No	
	ISSUE DETAILS	4 OF 18	
	Issue Details		
	Date / Time
Action Item Picture	Jun 29, 2023 4:15:00 PM EDT	

Action Item Description	White Cedar Way, 2335
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	5 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture

Action Item Description	White Cedar Way, 2342
mostly dead tree x1
confirm with city if current tree is compliant.	

replace with new tree that meets city requirements if needed.
Request Vendor Proposal	No	
ISSUE DETAILS	6 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture

Action Item Description	White Cedar Way, 2366
false x1
tree looks dead but trunk is green when tested and it has new growth.	

Request Vendor Proposal	No	
ISSUE DETAILS	7 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture

Action Item Description	Pigeon Plum Dr, 2156
dead tree x1
replace with new tree that meets city requirements.
**note house is for rent**
Request Vendor Proposal	No	
ISSUE DETAILS	8 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture	

Action Item Description	Pigeon Plum Dr, 2164
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	9 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture

Action Item Description	Pigeon Plum Dr, 2165
dead tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	10 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture

Action Item Description	Pigeon Plum Dr, 2187
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	11 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture	

Action Item Description	Pigeon Plum Dr, 2204
mostly dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	12 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture

Action Item Description	Pigeon Plum Dr, 2236
- mostly dead tree x2	

- replace with new trees that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	13 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture

Action Item Description	Pigeon Plum Dr, 2247
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	14 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture	

Action Item Description	Pigeon Plum Dr, 2255
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	15 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture

Action Item Description	Pigeon Plum Dr, 2270
mostly dead tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	16 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture

Action Item Description	Pigeon Plum Dr, 2274
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	17 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture	

Action Item Description	Pigeon Plum Dr,
missing tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	18 OF 18

Issue Details

Date / Time	Jun 29, 2023 4:15:00 PM EDT
Action Item Picture

Action Item Description	Pigeon Plum Dr, 2286
dead tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	

Site Report

18317351941

Reference Number:	Form Name:
20230629-18317351941	Site Report
Submitter Name:	Submission Date:
Marshall Tindall (mtindall@gmscfl.com) | mtindall@gmscfl.com
Location:
1320 Tupelo Trl, Haines City, FL 33844, USA Jun 29, 2023 7:15:38 PM EDT [ View Map ]
Jun 29, 2023 7:15:52 PM EDT

.	
NEW PAGE	
District Status Review	
District	Cypress Park Estates
Site Inspected By	Marshall Tindal - Assistant Field Manager	
Issue Details	
ISSUE DETAILS	1 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture	
.

Action Item Description	Sweet Acacia Dr, 1706
mostly dead tree x1
confirm with City of compliant. replace with new tree that meets city requirements if needed.
Request Vendor Proposal	No	
ISSUE DETAILS	2 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture	

Action Item Description	Sweet Acacia Dr, 1718
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	3 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture

Action Item Description	Sweet Acacia Dr, 1742
mostly dead tree x1
comfirm with City of compliant. replace with new tree that meets city requirements if needed.
Request Vendor Proposal	No	
ISSUE DETAILS	4 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture	

Action Item Description	Tupelo Trl, 1185
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	5 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture

Action Item Description	Tupelo Trl, 1202
- false x1	

- tree looks dead but has new buds and trunk is green when checked with a few good leaves
Request Vendor Proposal	No	
ISSUE DETAILS	6 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture

Action Item Description	Tupelo Trl,
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	7 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture	

Action Item Description	Tupelo Trl, 1229
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	8 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture

Action Item Description	Tupelo Trl, 1241
- dead tree x2	

- replace with new trees that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	9 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture

Action Item Description	Tupelo Trl, 1289
mostly dead tree x1
confirm with City of compliant. replace with new tree that meets city requirements if needed.
Request Vendor Proposal	No	
ISSUE DETAILS	10 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture	

Action Item Description	Tupelo Trl, 1297
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	11 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture

Action Item Description	Tupelo Trl, 1305
dead tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	12 OF 12

Issue Details

Date / Time	Jun 29, 2023 6:43:00 PM EDT
Action Item Picture

Action Item Description	Tupelo Trl, 1328
leaning tree x1
straighten tree. Lennar model home
Request Vendor Proposal	No	

Site Report

18317353023

Reference Number:	Form Name:
20230629-18317353023	Site Report
Submitter Name:	Submission Date:
Marshall Tindall (mtindall@gmscfl.com) | mtindall@gmscfl.com
Location:
1966 Pond Pne Ct, Haines City, FL 33844, USA Jun 29, 2023 6:04:59 PM EDT [ View Map ]
Jun 29, 2023 6:05:07 PM EDT

.	
NEW PAGE	
District Status Review	
District	Cypress Park Estates
Site Inspected By	Marshall Tindal - Assistant Field Manager	
Issue Details	
ISSUE DETAILS	1 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture	
.

Action Item Description	Pond Pine Ct, 1903
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	2 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1914
dead tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	3 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1919
mostly dead tree x1
confirm with city if compliant. replace with new tree that meets city requirements if needed.
Request Vendor Proposal	No	
ISSUE DETAILS	4 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture	

Action Item Description	Pond Pine Ct, 1930
mostly dead tree x1
comfiem with city if compliant. replace with new tree that meets city requirements if needed.
Request Vendor Proposal	No	
ISSUE DETAILS	5 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1931
- mostly dead tree x1	

- confirm with city if compliant. replace with new tree that meets city requirements if needed.
Request Vendor Proposal	No	
ISSUE DETAILS	6 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1934
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	7 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture	

Action Item Description	Pond Pine Ct, 1935
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	8 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1938
dead tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	9 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1939
missing tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	10 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture	

Action Item Description	Pond Pine Ct, 1942
mostly dead tree x1
confirm with city if compliant. replace with new tree that meets city requirements if needed.
Request Vendor Proposal	No	
ISSUE DETAILS	11 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture	

Action Item Description	Pond Pine Ct, 1943
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	12 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1946
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	13 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture	

Action Item Description	Pond Pine Ct, 1947
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	14 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1950
- dead tree x1	

- confirm with city if compliant. replace with new tree that meets city requirements if needed.
Request Vendor Proposal	No	
ISSUE DETAILS	15 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1955
missing tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	16 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture	

Action Item Description	Pond Pine Ct, 1958
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	17 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1959
dead tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	18 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture

Action Item Description	Pond Pine Ct, 1962
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	19 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture	

Action Item Description	Pond Pine Ct, 1966
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	20 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture	

Action Item Description	Pond Pine Ct, 1970
dead tree x2
mostly dead x1
replace dead trees with new tree that meets city requirements.
confirm if stressed tree is compliant. if not replace with tree that meets city requirements too.
Request Vendor Proposal	No	
ISSUE DETAILS	21 OF 21

Issue Details

Date / Time	Jun 29, 2023 5:26:00 PM EDT
Action Item Picture	

Action Item Description	Pond Pine Ct, 1971
dead tree x2
missing tree x1
replace all with new tree that meets city requirements.
Request Vendor Proposal	No	

Site Report

18317353366

Reference Number:	Form Name:
20230629-18317353366	Site Report
Submitter Name:	Submission Date:
Marshall Tindall (mtindall@gmscfl.com) | mtindall@gmscfl.com
Location:
732 Silver Palm Dr, Haines City, FL 33844, USA Jun 29, 2023 6:38:43 PM EDT [ View Map ]
Jun 29, 2023 6:39:07 PM EDT

.	
NEW PAGE	
District Status Review	
District	Cypress Park Estates
Site Inspected By	Marshall Tindal - Assistant Field Manager	
Issue Details	
ISSUE DETAILS	1 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture	
.

Action Item Description	Silver Palm Dr, 544
missing tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	2 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture

Action Item Description	Silver Palm Dr, 557
dead tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	3 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture

Action Item Description	Silver Palm Dr, 568
missing tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	4 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture	

Action Item Description	Silver Palm Dr, 569
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	5 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture

Action Item Description	Silver Palm Dr, 573
dead tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	6 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture

Action Item Description	Silver Palm Dr, 577
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	7 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture	

Action Item Description	Silver Palm Dr, 581
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	8 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture

Action Item Description	Silver Palm Dr, 585
missing tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	9 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture

Action Item Description	Silver Palm Dr, 592
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	10 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture	

Action Item Description	Silver Palm Dr, 600
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	11 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture

Action Item Description	Silver Palm Dr, 605
dead tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	12 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture

Action Item Description	Silver Palm Dr, 609
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	13 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture	

Action Item Description	Silver Palm Dr, 612
missing tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	14 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture

Action Item Description	Silver Palm Dr, 620
missing tree x1
replace with new tree that meets city requirements.	

Request Vendor Proposal	No	
ISSUE DETAILS	15 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture

Action Item Description	Silver Palm Dr, 621
dead tree x1
replace with new tree that meets city requirements.
Request Vendor Proposal	No	
ISSUE DETAILS	16 OF 16

Issue Details

Date / Time	Jun 29, 2023 6:05:00 PM EDT
Action Item Picture	

Action Item Description	Silver Palm Dr, 625
dead tree x2
replace with new tree that meets city requirements.
Request Vendor Proposal	No	

Section D

Section 1

Summary of Check Register

April 19, 2023 to July 12, 2023

Fund	Date	Check No.'s	Amount	

General Fund				
	4/19/23	237-241	$	10,648.13	
	4/25/23	242	$	3,044.40	
	5/4/23	243-250	$	4,437.11	
	5/10/23	251-252	$	7,433.96	
	5/17/23	253-259	$	8,417.16	
	5/23/23	260-261	$	44,249.00	
	6/12/23	262-269	$	21,744.43	
	6/28/23	270-271	$	8,267.26	
	7/10/23	272-275	$	8,301.88	
			$	116,543.33	

Project Fund				
	5/12/23	26-28	$	146,616.22	
	5/31/23	29	$	428,177.47	
	6/7/23	30-31	$	518,986.24	
	6/16/23	32	$	3,044.40	
	6/23/23	33-36	$	401,202.90	
	7/11/23	37	$	40,575.71	
			$	1,538,602.94	
				
		Total Amount	$	1,655,146.27	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/19/23	PAGE	1
*** CHECK DATES 04/18/2023 - 07/12/2023 ***	CYPRESS PARK ESTATES - GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/19/23 00029	4/12/23 GLC24812 202304 330-57200-48400	*	858.00
PLAY EQUIPMENT - APR 23
GOVERNMENT LEASING, LLC	858.00 000237
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00015	4/14/23 6304	202303 310-51300-31500	*	860.50
GEN.COUNSEL/MTHLY MEETING
KILINSKI | VAN WYK, PLLC	860.50 000238
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00024	4/01/23 8460	202304 320-53800-46200	*	3,367.50
LANDSCAPE MAINT - APR 23
PRINCE & SONS INC.	3,367.50 000239
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00026	4/01/23 19022	202304 330-57200-48500	*	1,500.00
POOL MAINTENANCE - APR 23
4/01/23 19022	202304 330-57200-49000	*	150.00
FOUNTAIN MAINT/INSTALL
RESORT POOL SERVICES	1,650.00 000240
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/19/23 00009	4/14/23 04142023 202304 300-20700-10000	*	3,912.13
ASSESSMENT TRNSF-S20 AA1
CYPRESS PARK ESTATES CDD/US BANK	3,912.13 000241
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
4/25/23 00018	3/31/23 2308-01	202303 320-53800-49000	*	3,044.40
MAINLINE BREAK REPAIR
JON M HALL COMPANY	3,044.40 000242
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/04/23 00006	4/25/23 HM042520 202304 310-51300-11000	*	200.00
SUPERVISOR FEE 04/25/23
HYZENS MARC	200.00 000243
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/04/23 00014	4/30/23 00055320 202304 310-51300-48000	*	493.37
NOT OF BOS MEETING
CA FLORIDA HOLDINGS, LLC	493.37 000244
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/04/23 00031	4/19/23 52859650 202304 330-57200-48100	*	40.00
PEST CONTROL - APR 23
MASSEY SERVICES INC.	40.00 000245
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/04/23 00008	4/25/23 MT042520 202304 310-51300-11000	*	200.00
SUPERVISOR FEE 04/25/23
MCKINZIE TERRILL	200.00 000246
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/04/23 00024	4/19/23 8644	202304 320-53800-47300	*	103.74
IRRIGATION REPAIRS
PRINCE & SONS INC.	103.74 000247
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CPE	CYP PARK EST	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/19/23	PAGE	2
*** CHECK DATES 04/18/2023 - 07/12/2023 ***	CYPRESS PARK ESTATES - GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/04/23 00011	4/25/23 SS042520 202304 310-51300-11000	*	200.00
SUPERVISOR FEE 04/25/23
SCOTT SHAPIRO	200.00 000248
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/04/23 00028	3/28/23 9456	202303 330-57200-48200	*	475.00
MTHLY CLEANING SVC-MAR 23
3/28/23 9456	202303 330-57200-48200	*	300.00
TRASH COLLECTION SERVICE
4/26/23 9665	202304 330-57200-48200	*	475.00
MTHLY CLEANING SVC-APR 23
4/26/23 9665	202304 330-57200-48200	*	300.00
TRASH COLLECTION SERVICE
CSS CLEAN STAR SERVICES CENTRAL FL	1,550.00 000249
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/04/23 00026	5/01/23 19284	202305 330-57200-48500	*	1,500.00
POOL MAINTENANCE - MAY 23
5/01/23 19284	202305 330-57200-49000	*	150.00
FOUNTAIN MAINT/INSTALL
RESORT POOL SERVICES	1,650.00 000250
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
94	202305 310-51300-34000	*	3,154.42
MANAGEMENT FEES - MAY 23
94	202305 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-MAY 23
94	202305 310-51300-35100	*	150.00
INFORMATION TECH - MAY 23
94	202305 310-51300-31300	*	500.00
DISSEMINATION SVCS-MAY 23
94	202305 330-57200-48300	*	416.67
AMENITY ACCESS - MAY 23
94	202305 310-51300-51000	*	3.91
OFFICE SUPPLIES 94
POSTAGE 94
COPIES
95	202305 320-53800-34000	*	1,312.50
FIELD MANAGEMENT - MAY 23
GOVERNMENTAL MANAGEMENT SERVICES	5,748.75 000251
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/10/23 00023	4/21/23 63695-AP 202304 320-53800-43200	*	202.57
4701 BAKER DAIRY RD
4/21/23 63696-AP 202304 320-53800-43200	*	258.00
5150 E JOHNSON AVE
4/21/23 64455-AP 202304 320-53800-43200	*	220.56
4975 BAKER DAIRY RD
CPE	CYP PARK EST	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/19/23	PAGE	3
*** CHECK DATES 04/18/2023 - 07/12/2023 ***	CYPRESS PARK ESTATES - GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
4/21/23 67111-AP 202304 330-57200-43200	*	1,004.08
1209 TUPELO TRAIL (IRRIG)
CITY OF HAINES CITY	1,685.21 000252
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00027	3/27/23 GMS33506 202303 330-57200-34500	*	2,005.25 CDVI PROXIMITY CARD
CURRENT DEMANDS ELECTRICAL &	2,005.25 000253
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00025	5/12/23 53-BID-6 202305 330-57200-48500	*	280.00
POOL PERMIT 53-60-2298132
FLORIDA DEPARTMENT OF HEALTH	280.00 000254
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00007	5/15/23 3935	202304 310-51300-31100	*	112.50
ENGINEER SERVICE 4/25
GADD & ASSOCIATES	112.50 000255
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00003	3/31/23 97	202303 330-57200-48000	*	1,753.91
GENERAL MAINT. - MAR 23
GOVERNMENTAL MANAGEMENT SERVICES	1,753.91 000256
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00029	5/12/23 GLC24812 202305 330-57200-48400	*	858.00
PLAY EQUIPMENT - MAY 23
GOVERNMENT LEASING, LLC	858.00 000257
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00031	5/17/23 53255891 202305 330-57200-48100	*	40.00
PEST CONTROL - MAY 23
MASSEY SERVICES INC.	40.00 000258
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/17/23 00024	5/01/23 8767	202305 320-53800-46200	*	3,367.50
LANDSCAPE MAINT - MAY 23
PRINCE & SONS INC.	3,367.50 000259
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/23/23 00015	5/18/23 6537	202304 310-51300-31500	*	2,111.50
GEN.COUNSEL/MTHLY MEETING
KILINSKI | VAN WYK, PLLC	2,111.50 000260
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/23/23 00009	5/23/23 05232023 202305 300-20700-10200	*	42,137.50
ASSESSMENT TRNSF-S20 AA1
CYPRESS PARK ESTATES CDD/US BANK	42,137.50 000261
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/12/23 00028	5/25/23 9879	202305 330-57200-48200	*	475.00
MTHLY CLEANING SVC-MAY23
5/25/23 9879	202305 330-57200-48200	*	300.00
TRASH COLLECTION SERVICE
CSS CLEAN STAR SERVICES CENTRAL FL	775.00 000262
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CPE	CYP PARK EST	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/19/23	PAGE	4
*** CHECK DATES 04/18/2023 - 07/12/2023 ***	CYPRESS PARK ESTATES - GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/12/23 00027	5/30/23 105104	202305 330-57200-34500	*	844.99
ACCESS/CAMERA LABOR
CURRENT DEMANDS ELECTRICAL &	844.99 000263
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
103	202304 320-53800-48000	*	428.14
GENERAL MAINTENANCE-APR23
101	202306 310-51300-34000	*	3,154.42
MANAGEMENT FEES-JUN23
101	202306 310-51300-35200	*	100.00
WEBSITE MANAGEMENT-JUN23
101	202306 310-51300-35100	*	150.00
INFORMATION TECH-JUN23
101	202306 310-51300-31300	*	500.00
DISSEMINATION SVCS-JUN23
101	202306 330-57200-48300	*	416.67
AMENITY ACCESS-JUN23
101	202306 310-51300-51000	*	1.38
OFFICE SUPPLIES
6/01/23 101	202306 310-51300-42000	*	36.62
POSTAGE
6/01/23 102	202306 320-53800-34000	*	1,312.50
FIELD MANAGEMENT-JUN23
GOVERNMENTAL MANAGEMENT SERVICES	6,099.73 000264
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/12/23 00029	6/12/23 GLC24812 202306 330-57200-48400	*	858.00
PLAY EQUIPMENT-JUN23
GOVERNMENT LEASING, LLC	858.00 000265
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/12/23 00010	6/02/23 24201	202306 310-51300-32200	*	7,000.00
AUDIT FYE 09/30/2022
GRAU AND ASSOCIATES	7,000.00 000266
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/12/23 00023	5/23/23 63695-MA 202305 320-53800-43200	*	201.13
4701 BAKER DAIRY RD-MAY23
5/23/23 63696-MA 202305 320-53800-43200	*	232.08
5150 E JOHNSON AVE
5/23/23 64455-MA 202305 320-53800-43200	*	194.59
4975 BAKER DAIRY RD-MAY23
5/23/23 67111-MA 202305 320-53800-43200	*	1,754.41
1209 TUPELO TRAIL-MAY23
CITY OF HAINES CITY	2,382.21 000267
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/12/23 00015	6/06/23 6748	202305 310-51300-31500	*	2,134.50
ATTORNEY SVCS-MAY23
KILINSKI | VAN WYK, PLLC	2,134.50 000268
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CPE	CYP PARK EST	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/19/23	PAGE	5
*** CHECK DATES 04/18/2023 - 07/12/2023 ***	CYPRESS PARK ESTATES - GENERAL
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/12/23 00026	6/01/23 19533	202306 330-57200-48500	*	1,500.00
POOL MAINTENANCE-JUN23
6/01/23 19533	202306 330-57200-49000	*	150.00
FOUNTAIN MAINT/INSTALL
RESORT POOL SERVICES	1,650.00 000269
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/28/23 00034	6/16/23 11318385 202305 330-57200-34500	*	838.80
SECURITY SVCS-MAY23
SECURITAS SECURITY SERVICES USA,INC	838.80 000270
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/28/23 00009	6/13/23 06132023 202306 300-20700-10200	*	7,428.46
ASSESSMENT TRANSF-S20-AA1
CYPRESS PARK ESTATES CDD/US BANK	7,428.46 000271
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/10/23 00023	6/22/23 63695-JU 202306 320-53800-43200	*	190.85
4701 BAKER DAIRY RD-JUN23
6/22/23 63696-JU 202306 320-53800-43200	*	232.08
5150 E JOHNSON AVE-JUN23
6/22/23 64455-JU 202306 320-53800-43200	*	179.66
4975 BAKER DAIRY RD-JUN23
6/22/23 67111-JU 202306 320-53800-43200	*	1,928.91
1209 TUPELO TRAIL-JUN23
CITY OF HAINES CITY	2,531.50 000272
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/10/23 00031	6/19/23 53581987 202306 330-57200-48100	*	40.00
PEST CONTROL-JUN23
MASSEY SERVICES INC.	40.00 000273
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/10/23 00024	6/01/23 9107	202306 320-53800-46200	*	3,367.50
LANDSCAPE MAINT-JUN23
PRINCE & SONS INC.	3,367.50 000274
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/10/23 00034	6/30/23 11345683 202306 330-57200-34500	*	2,362.88
SECURITY SVCS-JUN23
SECURITAS SECURITY SERVICES USA,INC	2,362.88 000275
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	116,543.33
TOTAL FOR REGISTER	116,543.33

CPE	CYP PARK EST	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/19/23	PAGE	1
*** CHECK DATES 04/19/2023 - 07/12/2023 ***	CYPRESS PARK ESTATES-CAPITAL
BANK A CONSTRUCTION ACCT
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/12/23 00013	4/17/23 04172023 202305 600-20700-10200	*	46,822.52
SER22 FR#3
FERGUSON WATERWORKS	46,822.52 000026
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/12/23 00014	3/25/23 PAYAPP#7 202305 600-20700-10200	*	99,793.70 SER22 FR#1
TUCKER PAVING INC	99,793.70 000027
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/19/23 00006	3/31/23 2308-01	202305 600-20700-10200	*	3,044.40
SER22 FR#2
JON M HALL COMPANY LLC	3,044.40 000028
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/16/23 00006	3/31/23 2308-01	202305 600-20700-10200	V	3,044.40- SER22 FR#2
JON M HALL COMPANY LLC	3,044.40-000028
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/31/23 00016	5/30/23 05302023 202305 600-20700-10201	*	428,177.47
PH3 CONST CITY REIMBURSE
CYPRESS PARK CDD	428,177.47 000029
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/07/23 00015	3/27/23 MCI00013 202306
SER22 PH2 FR#3 3/28/23 MCI00013 202306
SER22 PH2 FR#3
MACK INDUSTRIES INC.	18,480.00 000030
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/07/23 00014	4/25/23 PAYAPP#8 202306 600-20700-10200	*	500,506.24 SER22 PH2 FR#3
TUCKER PAVING INC	500,506.24 000031
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/16/23 00017	6/16/23 06162023 202306 600-20700-10300	*	3,044.40
RETURN FUNDS S22P2 FR#2
KRPC EAST JOHNSON LLC	3,044.40 000032
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/23/23 00008	5/20/23 PAYAPP#5 202306 600-20700-10200	*	65,976.19 SER22 PH2 FR#5
FLORIDA WALL CONCEPTS INC	65,976.19 000033
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/23/23 00005	4/04/23 3902	202306 600-20700-10200	*	8,872.59
SER22 PH2 FR#4
GADD & ASSOCIATES	8,872.59 000034
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/23/23 00018	6/05/23 3205400	202306 600-20700-10200	*	29,117.00
SER22 PH2 FR#7
HUB INTERNATIONAL MIDWEST	29,117.00 000035
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CPE	CYP PARK EST	CWRIGHT
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/19/23	PAGE	2
*** CHECK DATES 04/19/2023 - 07/12/2023 ***	CYPRESS PARK ESTATES-CAPITAL
BANK A CONSTRUCTION ACCT
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/23/23 00014	5/25/23 PAYAPP#9 202306 600-20700-10200	*	297,237.12 SER22 PH2 FR#6
TUCKER PAVING INC	297,237.12 000036
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/11/23 00008	6/20/23 PAYAPP#6 202307 600-20700-10200	*	40,575.71 SER22 PH2 FR#8
FLORIDA WALL CONCEPTS INC	40,575.71 000037
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	1,538,602.94
TOTAL FOR REGISTER	1,538,602.94

CPE	CYP PARK EST	CWRIGHT

Section 2

Cypress Park Estates
Community Development District

Unaudited Financial Reporting
May31,2023

Table of Contents

1		Balance Sheet	

2-3	
	General Fund	

4	
	Debt Service Fund Series 2020 A1 & A2	

5	
	Debt Service Fund Series 2022	

6	
	Capital Projects Fund Series 2020 A1 & A2	

7	
	Capital Projects Fund Series 2022	

8-9	
	Month to Month	

10	
	Long Term Debt	

11	
	Assessment Receipt Schedule	
Combined Balance Sheet May 31, 2023

	General Fund	Debt Service Fund	Capital Projects Fund	Totals Governmental Funds				
Assets:								
Cash:								
Operating Account	$	233,581	$	-	$	-	$	233,581				
Capital Projects Account	$	-	$	-	$	7,555	$	7,555				
Investments: Series 2020 A1								
Reserve	$	-	$	221,250	$	-	$	221,250				
Revenue	$	-	$	5,341	$	-	$	5,341				
Interest	$	-	$	144,384	$	-	$	144,384				
Construction	$	-	$	-	$	240	$	240	

Series 2020 A2
Reserve	
$	-	$	71,156	$	-	$	71,156								
Revenue	$	-	$	1,735	$	-	$	1,735								
Construction Series 2022
Reserve	$	-	$	-	$	4	$	4

$	-	$	511,731	$	-	$	511,731								
Revenue	$	-	$	16,213	$	-	$	16,213								
Construction Phase 2	$	-	$	-	$	2,094	$	2,094								
Construction Phase 3	$	-	$	-	$	462,684	$	462,684								
Due from Developer	$	-	$	-	$	891,072	$	891,072								
Due from General Fund	$	-	$	7,428	$	-	$	7,428								
Prepaid Expenses	$	1,347	$	-	$	-	$	1,347								
Total Assets	$	234,928	$	979,240	$	1,363,649	$	2,577,816					
Liabilities:
Accounts Payable	

$	7,404	

$	

-	$	-	

$	7,404					
Contracts Payable	$	-	$	-	$	891,072	$	891,072					
Retainage Payable	$	-	$	-	$	6,428	$	6,428					
Due to Debt Service	$	7,428	$	-	$	-	$	7,428					
Total Liabilites	$	14,832	$	-	$	897,500	$	912,333	
Fund Balance:
Nonspendable: Prepaid Items	

$	1,347	

$	

-	

$	

-	

$	1,347			
Restricted for:									
Debt Service - Series 2020	$	-	$	451,295	$	-	$	451,295						
Debt Service - Series 2022	$	-	$	527,945	$	-	$	527,945						
Capital Projects - Series 2020	$	-	$	-	$	7,799	$	7,799						
Capital Projects - Series 2022	$	-	$	-	$	458,349	$	458,349						
Unassigned	$	218,749	$	-	$	-	$	218,749					
Total Fund Balances	$	220,096	$	979,240	$	466,148	$	1,665,484					
									
Total Liabilities & Fund Balance	$	234,928	$	979,240	$	1,363,649	$	2,577,816					

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/23	Thru 05/31/23	Variance	

Revenues:					
Assessments - On Roll	$	337,451	$	337,451	$	339,278	$	1,827	
Assessments - Direct Bill	$	13,811	$	13,811	$	13,811	$	-	
Developer Contributions	$	107,683	$	-	$	-	$	-	
Total Revenues	$	458,945	$	351,262	$	353,089	$	1,827	

Expenditures:					
General & Administrative:					
Supervisor Fees	$	10,000	$	6,667	$	1,200	$	5,467	
Engineer Fees	$	10,000	$	6,667	$	113	$	6,554	
Attorney Fees	$	25,000	$	16,667	$	7,086	$	9,580	
Annual Audit	$	6,000	$	-	$	-	$	-	
Assessment Adminstration	$	5,000	$	5,000	$	5,000	$	-	
Dissemination	$	8,000	$	4,000	$	4,000	$	-	
Arbitrage	$	1,800	$	900	$	900	$	-	
Trustee Fees	$	16,160	$	6,734	$	6,734	$	-	
Management Fees	$	37,853	$	25,235	$	25,235	$	(0)	
Information Technology	$	1,800	$	1,200	$	1,200	$	-	
Website Maintenance	$	1,200	$	800	$	800	$	-	
Postage & Delivery	$	500	$	333	$	717	$	(384)	
Insurance	$	5,822	$	5,822	$	5,988	$	(166)	
Copies	$	350	$	233	$	11	$	222	
Legal Advertising	$	10,000	$	6,667	$	1,433	$	5,234	
Other Current Charges	$	2,700	$	1,800	$	347	$	1,453	
Office Supplies	$	350	$	233	$	15	$	218	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total General & Administrative	$	142,710	$	89,133	$	60,954	$	28,179	

Adopted	Prorated Budget	Actual		
Budget	Thru 05/31/23	Thru 05/31/23	Variance	

Operations & Maintenance					
Field Expenditures
Property Insurance	
$	5,000	
$	5,000	
$	7,853	
$	(2,853)	
Field Management	$	15,750	$	10,500	$	10,500	$	-	
Landscape Maintenance	$	80,000	$	53,333	$	26,940	$	26,393	
Landscape Replacement	$	15,000	$	10,000	$	-	$	10,000	
Streetlights	$	16,764	$	11,176	$	10,080	$	1,096	
Electric	$	6,600	$	4,400	$	5,171	$	(771)	
Water & Sewer	$	25,185	$	16,790	$	7,523	$	9,267	
Sidewalk & Asphalt Maintenance	$	2,500	$	1,667	$	-	$	1,667	
Irrigation Repairs	$	7,500	$	5,000	$	1,021	$	3,979	
General Repairs & Maintenance	$	15,000	$	10,000	$	2,144	$	7,857	
Contingency	$	7,500	$	5,000	$	3,544	$	1,456	
Subtotal Field Expenditures	$	196,799	$	132,866	$	74,775	$	58,091	

Amenity Expenditures
Amenity - Electric	

$	12,540	

$	8,360	

$	11,471	

$	(3,111)	
Amenity - Water	$	3,696	$	2,464	$	6,174	$	(3,710)	
Playground Lease	$	23,500	$	15,667	$	15,324	$	343	
Internet	$	2,500	$	1,667	$	511	$	1,156	
Pest Control	$	600	$	400	$	1,016	$	(616)	
Janitorial Service	$	6,600	$	4,400	$	5,600	$	(1,200)	
Amenity Access	$	34,000	$	22,667	$	3,333	$	19,333	
Security Services	$	18,000	$	12,000	$	7,446	$	4,554	
Pool Maintenance	$	5,000	$	3,333	$	12,530	$	(9,197)	
Amenity Repairs & Maintenance	$	5,000	$	3,333	$	3,205	$	129	
Contingency	$	3,000	$	2,000	$	2,082	$	(82)	
Subtotal Amenity Expenditures	$	114,436	$	76,291	$	68,692	$	7,599	
					
Total Operations & Maintenance	$	311,235	$	209,157	$	143,467	$	65,690	
					
Total Expenditures	$	453,945	$	298,290	$	204,421	$	93,869	
					
Excess (Deficiency) of Revenues over Expenditures	$	5,000	$	52,972	$	148,668	$	(92,041)	

Other Financing Sources/(Uses):					
Transfer In/(Out)	$	(5,000)	$	-	$	-	$	-	
Total Other Financing Sources/(Uses)	$	(5,000)	$	-	$	-	$	-	
					
Net Change in Fund Balance	$	-		$	148,668		
					
Fund Balance - Beginning	$	-		$	71,428		
					
Fund Balance - Ending	$	-		$	220,096		

Revenues:					
Assessments - A1	$	442,500	$	442,500	$	444,897	$	2,397	
Assessments - A2	$	71,200	$	43,678	$	43,678	$	-	
Interest	$	-	$	-	$	14,324	$	14,324	

Total Revenues	$	513,700	$	486,178	$	502,900	$	16,722	

Expenditures:						
Series 2020 A1
Interest - 11/1	
$	144,384	
$	144,384	
$	144,384	
$	
-	
Principal - 5/1	$	155,000	$	155,000	$	155,000	$	-	
Interest - 5/1	$	144,384	$	144,384	$	144,384	$	-	
Series 2020 A2
Interest - 11/1	
$	23,678	
$	23,678	
$	23,678	
$	
-	
Principal - 5/1	$	20,000	$	20,000	$	20,000	$	-	
Interest - 5/1	$	23,678	$	23,678	$	23,678	$	-	

Total Expenditures	$	511,125	$	511,125	$	511,125	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	2,575	$	(24,947)	$	(8,225)	$	16,722	

Other Financing Sources/(Uses):

Transfer In/(Out)
$	-	$
-	$	(221,250)
$	(221,250)

Total Other Financing Sources/(Uses)	$	-	$	-	$	(221,250)	$	(221,250)	

Net Change in Fund Balance	$	2,575	$	(229,475)	

Fund Balance - Beginning	$	174,292	$	680,770	

Fund Balance - Ending	$	176,867	$	451,295	

Revenues:					
Assessments	$	511,731	$	316,044	$	316,044	$	-	
Interest	$	-	$	-	$	12,948	$	12,948	

Total Revenues	$	511,731	$	316,044	$	328,992	$	12,948	

Expenditures:
Series 2022						
Interest - 11/1	$	148,122	$	148,122	$	148,122	$	-	
Principal - 5/1	$	120,000	$	120,000	$	120,000	$	-	
Interest - 5/1	$	196,044	$	196,044	$	196,044	$	-	

Total Expenditures	$	464,166	$	464,166	$	464,166	$	-	

Excess (Deficiency) of Revenues over Expenditures	$	47,565	$	(148,122)	$	(135,173)	$	12,948	

Other Financing Sources/(Uses):

Transfer In/(Out)
$	-	$
-	$	1,641	$
1,641

Total Other Financing Sources/(Uses)	$	-	$	-	$	1,641	$	1,641	

Net Change in Fund Balance	$	47,565	$	(133,532)	

Fund Balance - Beginning	$	148,346	$	661,477	

Fund Balance - Ending	$	195,912	$	527,945	

Revenues

Interest	

$	

-	$	

-	$	240	

$	240	
Total Revenues	$	-	$	-	$	240	$	240	
Expenditures:

Capital Outlay	

$	

-	$	

-	$	221,251	

$	(221,251)	

Total Expenditures	$	-	$	-	$	221,251	$	(221,251)	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	(221,010)	$	442,741	

Other Financing Sources/(Uses)

Transfer In/(Out)
$	-	$
-	$	221,250
$	221,250

Total Other Financing Sources (Uses)	$	-	$	-	$	221,250	$	221,250	

Net Change in Fund Balance	$	-	$	240	

Fund Balance - Beginning	$	-	$	7,559	

Fund Balance - Ending	$	-	$	7,799	

Revenues					
Developer Contribution Phase 2	$	-	$	-	$	1,040,733	$	1,040,733	
Interest	$	-	$	-	$	92,853	$	92,853	

Total Revenues	$	-	$	-	$	1,133,586	$	1,133,586	

Expenditures:					
Capital Outlay	$	-	$	-	$	7,249,822	$	(7,249,822)	
Capital Outlay - COI	$	-	$	-	$	5,900	$	(5,900)	

Total Expenditures	$	-	$	-	$	7,255,722	$	(7,255,722)	

Excess (Deficiency) of Revenues over Expenditures	$	-	$	-	$	(6,122,136)	$	8,387,666	

Other Financing Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	(1,641)	$	(1,641)	

Total Other Financing Sources (Uses)	$	-	$	-	$	(1,641)	$	(1,641)	

Net Change in Fund Balance	$	-	$	(6,123,777)	

Fund Balance - Beginning	$	-	$	6,582,126	

Fund Balance - Ending	$	-	$	458,349	

Revenues:

Assessments - On Roll	$	-	$	5,786	$	196,970	$	81,033	$	14,706	$	2,983	$	32,134	$	5,665	$	-	$	-	$	-	$	-	$	339,278	
Assessments - Direct	$	-	$	-	$	6,906	$	-	$	3,453	$	-	$	-	$	3,453	$	-	$	-	$	-	$	-	$	13,811					
Developer Contributions	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-					
Total Revenues	$	-	$	5,786	$	203,876	$	81,033	$	18,159	$	2,983	$	32,134	$	9,118	$	-	$	-	$	-	$	-	$	353,089					

Expenditures:														
General & Administrative:														
Supervisor Fees	$	600	$	-	$	-	$	-	$	-	$	-	$	600	$	-	$	-  $	-  $	-  $	-  $	1,200					
Engineer Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	113	$	-	$	-  $	-  $	-  $	-  $	113					
Attorney Fees	$	836	$	481	$	20	$	58	$	587	$	861	$	2,112	$	2,135	$	-  $	-  $	-  $	-  $	7,086					
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	-					
Assessment Adminstration	$	5,000	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	5,000					
Dissemination	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	500	$	-  $	-  $	-  $	-  $	4,000					
Arbitrage	$	-	$	900	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	900					
Trustee Fees	$	-	$	-	$	6,734	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	6,734					
Management Fees	$	3,154	$	3,154	$	3,154	$	3,154	$	3,154	$	3,154	$	3,154	$	3,154	$	-  $	-  $	-  $	-  $	25,235					
Information Technology	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-  $	-  $	-  $	-  $	1,200					
Website Maintenance	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-  $	-  $	-  $	-  $	800					
Postage & Delivery	$	14	$	11	$	94	$	194	$	28	$	22	$	255	$	100	$	-  $	-  $	-  $	-  $	717					
Insurance	$	5,988	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	5,988					
Copies	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	11	$	-  $	-  $	-  $	-  $	11					
Legal Advertising	$	939	$	-	$	-	$	-	$	-	$	-	$	493	$	-	$	-  $	-  $	-  $	-  $	1,433					
Other Current Charges	$	39	$	39	$	39	$	39	$	39	$	74	$	39	$	39	$	-  $	-  $	-  $	-  $	347					
Office Supplies	$	1	$	6	$	1	$	0	$	1	$	1	$	1	$	4	$	-  $	-  $	-  $	-  $	15					
Dues, Licenses & Subscriptions	$	175	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-  $	-  $	-  $	-  $	175					
Total General & Administrative	$	17,496	$	5,341	$	10,792	$	4,195	$	4,559	$	4,862	$	7,517	$	6,193	$	-  $	-  $	-  $	-  $	60,954					

Operations & Maintenance

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

$	8,695  $
$	1,313  $
$	3,368  $
$	-  $
$	1,247  $
$	165  $
$	733  $
$	-  $
$	377  $
$	-  $
$	-  $

-  $
1,313  $
3,368  $
-  $
1,247  $
292  $
1,204  $
-  $
231  $
1,413  $
-  $

-  $
1,313  $
3,368  $
-  $
1,247  $
345  $
664  $
-  $
-  $
-  $
500  $

-  $
1,313  $
3,368  $
-  $
1,247  $
362  $
614  $
-  $
216  $
303  $
-  $

-  $
1,313  $
3,368  $
-  $
1,271  $
2,786  $
671  $
-  $
-  $
-  $
-  $

-  $
1,313  $
3,368  $
-  $
1,271  $
417  $
573  $
-  $
93  $
-  $
3,044  $

(842)  $
1,313  $
3,368  $
-  $
1,271  $
389  $
681  $
-  $
104  $
428  $
-  $

-  $
1,313  $
3,368  $
-  $
1,281  $
414  $
2,382  $
-  $
-  $
-  $
-  $

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

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

7,853
10,500
26,940
- 10,080
5,171
7,523
- 1,021
2,144
3,544

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

$	1,304  $
$	582  $
$	1,915  $
$	-  $
$	736  $
$	625  $
$	417  $
$	1,523  $
$	1,750  $
$	873  $
$	-  $

1,144  $
1,256  $
1,915  $
146  $
40  $
625  $
417  $
-  $
1,500  $
-  $
-  $

1,269  $
805  $
1,915  $
-  $
40  $
625  $
417  $
-  $
1,500  $
-  $
150  $

1,503  $
831  $
1,915  $
146  $
40  $
675  $
417  $
-  $
1,500  $
303  $
1,332  $

1,615  $
861  $
1,915  $
-  $
40  $
725  $
417  $
1,505  $
1,500  $
275  $
150  $

1,702  $
835  $
1,915  $
73  $
40  $
775  $
417  $
2,734  $
1,500  $
1,754  $
150  $

1,452  $
1,004  $
1,915  $
73  $
40  $
775  $
417  $
-  $
1,500  $
-  $
150  $

1,482  $
-  $
1,915  $
73  $
40  $
775  $
417  $
1,684  $
1,780  $
-  $
150  $

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

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

11,471
6,174
15,324
511
1,016
5,600
3,333
7,446
12,530
3,205
2,082

Cypress Park Estate
Community Development District Long Term Debt Report

Series 2020-A1, Special Assessment Revenue Bonds			
Interest Rate:	2.625%, 3.250%, 3.875%, 4.000%		
Maturity Date:
Reserve Fund Definition Reserve Fund Requirement	5/1/2051
50% Maximum Annual Debt Service
$221,250		
Reserve Fund Balance	$221,250		
Bonds Outstanding - 11/12/2020		$7,770,000	
Less: Principal Payment - 5/1/22		($150,000)	
Less: Principal Payment - 5/1/23		($155,000)	
Current Bonds Outstanding		$7,465,000	
			
	Series 2020-A2, Special Assessment Revenue Bonds		
Interest Rate:	4.000%, 4.125%		
Maturity Date:
Reserve Fund Definition Reserve Fund Requirement	5/1/2051
Maximum Annual Debt Service
$71,156		
Reserve Fund Balance	$71,156		
Bonds Outstanding - 11/12/2020		$1,185,000	
Less: Principal Payment - 5/1/22		($20,000)	
Less: Principal Payment - 5/1/23		($20,000)	
Current Bonds Outstanding		$1,145,000	

	Series 2022, Special Assessment Revenue Bonds		
Interest Rate:	4.375%, 4.750%, 5.000%, 5.125%		
Maturity Date:	5/1/2052		
Reserve Fund Definition	Maximum Annual Debt Service		
Reserve Fund Requirement	$511,731		
Reserve Fund Balance	$511,731		
Bonds Outstanding - 06/15/2022		$7,865,000	
Less: Principal Payment - 5/1/23		($120,000)	
Current Bonds Outstanding	$7,745,000		
CYPRESS PARK ESTATES
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2023

Date	
Distribution	
Gross Amount	
iscount/Penalt	
Commission	
Interest	
Net Receipts	
General Fund	2020 AA1 Debt
Service	
Total	

11/21/22	
11/1-11/6/22	
$7,107.27	
($284.28)	
($136.46)	
$0.00	
$6,686.53	
$2,892.96	
$3,793.57	
$6,686.53	
11/25/22	11/7-11/13/22	$7,107.27	($284.28)	($136.46)	$0.00	$6,686.53	$2,892.96	$3,793.57	$6,686.53	
12/12/22	11/14/22-11/23/22	$196,634.47	($7,865.08)	($3,775.39)	$0.00	$184,994.00	$80,038.69	$104,955.31	$184,994.00	
12/21/22	11/24/22-11/30/22	$163,467.21	($6,538.44)	($3,138.58)	$0.00	$153,790.19	$66,538.18	$87,252.01	$153,790.19	
12/23/22	12/1/22-12/15/22	$132,669.04	($5,259.16)	($2,548.20)	$0.00	$124,861.68	$54,022.10	$70,839.58	$124,861.68	
12/31/22	1% ADJ	($8,386.58)	$0.00	$0.00	$0.00	($8,386.58)	($3,628.50)	($4,758.08)	($8,386.58)	
01/13/23	12/16/22-12/31/22	$199,003.56	($7,888.74)	($3,822.30)	$0.00	$187,292.52	$81,033.15	$106,259.37	$187,292.52	
02/16/23	1/1/23-1/31/23	$35,536.35	($852.69)	($693.67)	$0.00	$33,989.99	$14,705.96	$19,284.03	$33,989.99	
03/17/23	2/1/23-2/28/23	$7,107.27	($71.04)	($140.72)	$0.00	$6,895.51	$2,983.38	$3,912.13	$6,895.51	
04/11/23	3/1/23-3/31/23	$75,810.88	($23.68)	($1,515.74)	$0.00	$74,271.46	$32,133.96	$42,137.50	$74,271.46	
05/11/23	4/1-4/30/23	$11,987.57	($239.75)	$0.00	$0.00	$11,747.82	$5,082.76	$6,665.06	$11,747.82	
05/24/23	03/31/23	$0.00	$0.00	$0.00	$1,345.56	$1,345.56	$582.16	$763.40	$1,345.56	
	TOTAL	$ 828,044.31	$ (29,307.14)	$  (15,907.52)	$	1,345.56	$ 784,175.21	$	339,277.76	$	444,897.45	$ 784,175.21	

DIRECT BILL ASSESSMENTS

ERPC East Johnson LLC 2023-01	
Area 1 &2		
Net Assessments	
$590,229.76	
$13,811.00	
$66,956.26	
$509,462.50	
Date
Received	Due
Date	Check
Number	Net
Assessed	Amount
Received	General
Fund	Series 2020 AA2
Debt Service Fund	Series 2022
Debt Service Fund	
12/6/22	12/1/22	5015	$6,905.50	$6,905.50	$6,905.50			
2/2/23	2/1/23	5025	$3,452.75	$3,452.75	$3,452.75			
3/30/23	4/1/23	5031	$359,721.88	$359,721.88		$43,678.13	$316,043.75	
5/16/23	5/1/23	5044	$3,452.75		$3,452.75			
	10/1/23		$216,696.88					
			$ 590,229.76	$ 370,080.13	$  13,811.00	$	43,678.13	$	316,043.75	

Section 3

56S8 Lucerne Park Road Winter Haven, Fl 33881 Phone:863-299-2262 Fax: 863-294-1007
www.tuckerpaving.com

-To:
Address:	Gadd & Associates, LLC
--
1925 US Highway 98 South, Suite 201
Lakeland, FL 33801	Contact: Phone:
Fax:	Rodney Gadd
863-940-9979	
Project Name:	CYPRESS PARK ESTATES PHASE 3 - COR#0l0	Bid Number:	22-492	
Project Location:	Baker Dairy Road, Haines Qty, FL	Bid Date:	6/9/2023	
Addendum#:	COR#0l0			
The cost associated with this pricing is DUKE layout.
!Item Desalption	Estimated Quantity Unit	Unit Price	Total Price !
GENERALCONDMONS
Construction Layout
1.00 LS	$5,462.50
$5,462.50
Total Price for above GENERAL CONDITIONS Items:===========$=5,=4=62=.5=0

Total Bid Price:	$5,462.50

Notes:
*** ALL BASE BID CLARIFICATIONS, NOTES, AND EXCLUSIONS APPLY,

6/9/2023 4:22:37 PM	Page 1 of 1

Section 4

SUPERVISOR OF
ELECTIONS
POLK COUNTY, FLORIDA
Lori Eawaras

April 21, 2023

Samantha Hoxie - Recording Secretary Cypress Park Estates CDD Office
219 E. Livingston Street Orlando, Florida 32801-1508

RE: Cypress Park Estates Community Development District Registered Voters

Dear Ms. Hoxie,

In response to your request, there are currently no voters within the Cypress Park Estates Community Development District as of April 15, 2023.

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

Sincerely,

Lori Edwards Supervisor of Elections Polk County, Florida

P.O. Box 1460, Bartow, FL33831 • Phone: (863) 534-5888
PolkElections.gov

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