Storey Park Community Development District

Agenda August 6, 2024

Agenda

July 30, 2024

Board of Supervisors
Storey Park
Community Development District
219 E. Livingston Street, Orlando, Florida 32801 Phone: 407-841-5524 – Fax: 407-839-1526
Storey Park Community Development District

Dear Board Members:

The meeting of the Board of Supervisors of Storey Park Community Development District will be held Tuesday, August 6, 2024 at 4:00 PM at the Offices of GMS-CF, 219 E. Livingston Street, Orlando, Florida. Following is the advance agenda for the meeting:

Roll Call
Public Comment Period
Organizational Matters
Acceptance of Resignation
Review of Resume(s)/Letter(s) of Interest in Board Vacancy
Appointment of Individual to Fulfill Board Vacancy
Administration of Oath of Office to Newly Appointed Board Member
Election of Officers
Consideration of Resolution 2024-06 Electing Officers
Approval of Minutes of the May 7, 2024 Meeting
Review and Acceptance of Fiscal Year 2023 Audit Report
Public Hearing
Consideration of Resolution 2024-04 Adopting the Fiscal Year 2025 Budget and Relating to the Annual Appropriations
Consideration of Resolution 2024-05 Imposing Special Assessments and Certifying an Assessment Roll
Staff Reports
Attorney
Memorandum Regarding Newly Enacted Legislation
Updated Regarding Pending Contraction
Engineer
Presentation of Annual Engineer’s Report
Discussion of Pending Real Property Conveyances
Status of Pending Permit Transfers
District Manager’s Report
Approval of Check Register
Balance Sheet and Income Statement
Approval of Fiscal Year 2025 Meeting Schedule
Adoption of District Goals & Objectives
Field Manager’s Report
Public Comment Period
Supervisor’s Requests
Other Business
Next Meeting Date – September 3, 2024
Adjournment
The balance of the agenda will be discussed at the meeting. In the meantime, if you should have any questions, please contact me.

Sincerely,
Jason M. Showe District Manager

CC:	Jan Carpenter, District Counsel Christina Baxter, District Engineer

Enclosures

Section III

Section B
Carlos A. Calderon 11979 Hometown Pl
Orlando, FL 32827 storeyparkhoa.president@gmail.com 551-482-1754
07/19/2024

Board of Directors
Storey Park Community Development District 219 E. Livingston St.
Orlando, FL 32801
Dear Members of the Board,

I am writing to express my interest in serving on the board of the Storey Park Community Development District (CDD). With over 15 years of professional experience in IT management and a strong commitment to community service, I am eager to bring my skills and dedication to the Storey Park CDD.

Since May 1, 2024, I have had the privilege of serving as the President of the Storey Park Homeowners Association. In this role, I have successfully led various community initiatives aimed at enhancing neighborhood engagement and fostering a sense of unity among residents. My tenure has been marked by eﬀective governance, strategic planning, and a focus on operational excellence. I am conﬁdent that my experience in leading a community organization will allow me to make valuable contributions to the CDD board.

Professionally, I am an experienced IT Service Desk Manager, currently working at Spartan Race, where I manage a wide range of IT functions including system administration, network security, and user support. My background in IT has equipped me with a keen ability to troubleshoot complex issues, streamline operations, and implement eﬃcient solutions. These skills are highly transferable and can be beneﬁcial in addressing the diverse challenges faced by the CDD.

My key strengths include:

Technical proﬁciency in maintaining and troubleshooting a variety of electronics and IT systems.
Strong skills in systems administration, including Active Directory management and scripting.
Extensive experience with essential software suites and network conﬁgurations.
Proven ability to cater to high-proﬁle clients with professionalism and attention to detail.
I am passionate about contributing to the growth and success of Storey Park. I believe that my background, both in professional IT management and community leadership, makes me a strong candidate for the board. I am eager to bring my problem-solving skills, strategic thinking, and dedication to community service to the CDD.

Thank you for considering my application. I look forward to the opportunity to discuss how my skills and experiences align with the goals of the Storey Park CDD and how I can contribute to our community's continued success.

Sincerely,

Carlos A. Calderon
Orlando, FL 32832 • 551-482-1754 • TIM3PORT@hotmail.com

Carlos A. Calderon
Summary

Experienced IT Service Desk Manager with over 15 years of expertise in dynamic corporate environments. Known for a customer-first approach, I excel in assimilating information swiftly and applying it effectively. As the President of the Storey Park Homeowners Association since May 1, 2023, I am eager to leverage my robust work ethic and diverse experience to further contribute to community development and operational excellence.
Experience

Storey Park Homeowners Association, Orlando, FL	President	May 2024 – Present
Led community initiatives to enhance neighborhood engagement and development.
Facilitated smooth operation and governance of the association.

Spartan Race, Orlando, FL	Helpdesk IT Manager	March 2022 – Present
Developed and maintained IT Standard Operating Procedures and user guides.
Managed deployment, maintenance, and repair of Windows and Apple devices.
Improved IT hardware performance and stability through critical updates.
Ensured budget adherence for IT equipment and introduced cost-saving measures.
Managed cybersecurity protocols, including antivirus updates.
Administered Google Workspace and Microsoft 365 accounts.
Supported global teams with remote connection assistance during hardware deployments.
Transitioned support responsibilities from an external team to a local team.
Reduced request resolution times significantly.
Migrated IT management tools and data storage solutions, enhancing security.

KPMG US, Orlando, FL	IT Deskside Support Senior Associate  December 2007 – January 2022
Managed remote support and repairs for a large user base during COVID-19.
Provided software and hardware support to professional staff.
Handled high-volume, high-priority, and VIP issues through ServiceNow.
Conducted user training and developed troubleshooting guides.
Managed Cisco Unified CM Administration and switch configurations.
Contributed to new hire training sessions and VOIP-focused events.

I am eager to bring my extensive experience in IT management and my dedication to community development to the Storey Park CDD board. Let's discuss how my skills and experience align with the goals of the CDD and how I can contribute to the continued success and growth of our community.

Section F
RESOLUTION 2024-06

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STOREY PARK COMMUNITY DEVELOPMENT DISTRICT ELECTING THE OFFICERS OF THE DISTRICT AND PROVIDING FOR AN EFFECTIVE DATE
WHEREAS, the Storey Park Community Development District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, the Board of Supervisors of the District (“Board”) desires to elect the Officers of the District.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE STOREY PARK COMMUNITY DEVELOPMENT DISTRICT:

Section 1.		 is elected Chairperson. Section 2.		 is elected Vice-Chairperson. Section 3.		 is elected Secretary.
Section 4.		 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.
	 is elected Assistant Secretary.

Section 5.		 is elected Treasurer.

Section 6.		 is elected Assistant Treasurer.
	 is elected Assistant Treasurer.

Section 7.	This Resolution shall become effective immediately upon its adoption.

PASSED AND ADOPTED this 6th day of August, 2024.

ATTEST:	STOREY	PARK	COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

Minutes
MINUTES OF MEETING STOREY PARK
COMMUNITY DEVELOPMENT DISTRICT

The regular meeting of the Board of Supervisors of the Storey Park Community Development District was held on Tuesday, May 7, 2024 at 4:00 p.m. at the Offices of GMS-CF, 219 E. Livingston Street, Orlando, Florida.
Present and constituting a quorum were:

Dan La Rosa	Chairman
Teresa Diaz	Vice Chair
Mike McQuarrie	Assistant Secretary
Willem Boermans via phone	Assistant Secretary
Ricardo Garcia via phone	Assistant Secretary Also present were:
Jason Showe	District Manager
Kristen Trucco	District Counsel
Alan Scheerer	Field Manager

FIRST ORDER OF BUSINESS	Roll Call
Mr. Showe called the meeting to order and called the roll. A quorum was present.

SECOND ORDER OF BUSINESS	Public Comment Period
Mr. Showe: We will note for purposes of our recording, that we only have members of the Board and staff present.
THIRD ORDER OF BUSINESS	Approval of Minutes of the February 6,
2024 Meeting
Mr. Showe: With that, we can go to the approval of minutes of the February 6, 2024 meeting. We can take any corrections or changes at this time or seek a motion to approve.

FOURTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-02
Approving the Proposed Fiscal Year 2025 Budget and Setting a Public Hearing
Mr. Showe: Next we have Resolution 2024-02, Approving the Proposed Fiscal Year 2025 Budget and setting a Public Hearing. The resolution does several things for the Board. It starts with approving a Proposed Budget, which will be attached as Exhibit A. We provided that to you in draft form and we can make any changes that the Board would like today. We also set a public hearing for August 6, 2024, which is your regular August meeting at this location at 4:00 p.m. It also directs us to transmit this to all the governments, at least 60 days in advance, as well as posted on our website, which is all in accordance with Florida Statutes. As far as your budget, we were able to successfully not have any assessment increases proposed this year. So, we're happy that the financials worked out that way. On your Admin side, it's very level, just some small contract adjustments, as well as some other costs. On the Field side, it's very similar. We increased all of your utilities about 10% over projected. We typically see those utility costs go up every year. We looked at your landscaper and added some contingency in case that contract comes in a little higher. Again, we're seeing that throughout the industry. Other than that, it's very much similar to the prior budget. We're still able to transfer about $150,000 into Capital Projects. Starting on Page 2, we have the assessment tables for all of the different neighborhoods. Again, you'll see there's no increase. Starting on Page 4, we provide a full line- item detail of all those account lines. Where there's contracts and accounts, we try to provide those as well, so that the residents have as much clarity as possible, on how we reached those budget figures. On Page 10, you'll see your capital projects. The last capital project we have for the year that we have budgeted right now, is completing the Parcel K signage. So, that's already calculated in there as part of your projection. But we anticipate at the end of next year, you will have approximately $500,000 in your Capital Reserve. So, we feel pretty good about that. Then behind that, you have all of your debt service. There's no real action or changes that the Board can make on that debt service. They're all kind of bound by those individual bond issues, but they are there for informational purposes for residents. With that, we can open it up for any questions of the Board or take a motion to approve the resolution as presented.

Mr. Showe: We'll also note, I know some of the folks on the phone and it’s their first time through the budget process. Approval today doesn't lock you into any of these account numbers. Essentially, what you're doing, is saying that you're not going to raise assessments this year, but we'll still continue to look at these account lines as we proceed through the year in advance of your August meeting. So, we might make some small adjustments throughout, but it doesn't lock you into anything specifically.
FIFTH ORDER OF BUSINESS	Consideration	of	Resolution	2024-03
Authorizing a Petition to be Filed to Contract the Boundaries of the District Approving the Execution of a Funding Agreement - ADDED
Mr. Showe: We added Resolution 2024-03, dealing with contraction of the budget and we'll let District Counsel run through that.
Ms. Trucco: Good afternoon. Jay has a conflict this afternoon, so I'm here in his place. We were contacted, a couple weeks ago from Lennar, advising us that Moss Park Properties LLLP requested that the CDD file a petition to contract a portion of their parcel that is currently within the CDD's boundary, out of the CDD's boundary. It's our understanding that has always been the intent and understanding of Lennar and other parties that they would eventually contract out of the CDD. So, they asked us to proceed with a petition to amend the ordinance that established the CDD, to contract the boundary, to take out this portion of their property, that's currently within the CDD. So, if you go to Page 4 of the resolution, you'll see a map. Where the red circle is, if you trace that line around the red circle, that's the parcel. We've been advised that it will just be the upland area only that would be contracted out and the wetland system will stay within the CDD. We also contacted the CDD's Engineer to see if there's future development on this upland parcel and if they would need to utilize the CDD stormwater system or any of the roadways within the CDD's boundary. Because if they do, what we would do in this instance and what we do in every instance, is to ask that property owner, if they're contracted from the CDD, to enter into a Cost Sharing Agreement with the CDD, so that they're contributing to the maintenance of those systems that they're receiving a benefit from. As of now, the District

Engineer confirmed that won't be the case. It will never be connected to the CDD stormwater system and there are no roadway connections, for that upland piece or anything on that parcel. Therefore, we are comfortable moving forward with the petition. Obviously, we need to bring it back to the CDD, because the CDD that would be filing the petition, but the property owner, Moss Park Properties, agreed to pay for the cost for the CDD to contract that piece, which is via the Funding Agreement that's also attached to the resolution. So, if you're not familiar with it, we would have to go back to the jurisdiction that created the CDD, which is the City of Orlando. We filed a petition with them and then they have the right to request two hearings. Generally, there's one person at the hearing, a public comment period, etc., but as part of that petition process, we will be drafting that. We'll be conducting our own due diligence and so will your CDD engineer, which is Ms. Christine Baxter. She'll be creating the majority of those exhibits. At any moment, they notify us or notice themselves that some part of that property, does benefit from the stormwater system or is connected in some way. We can advise Moss Park Properties, that they will have to enter into some type of Cost Sharing Agreement with the CDD. So, there's a benefit for us interacting with the city for this contraction petition. Moss Park Properties under the Statute, have the right to go and file their own petition, but the benefit of having the CDD do that, is that we're involved in those exhibits and the creation of those exhibits. It's our team that's looking through to confirm that there are no impacts, etc.
Mr. McQuarrie: Can I ask a couple questions? Ms. Trucco: Absolutely.
Mr. McQuarrie: Prior to the effectuation of this going into place, do we have a better sketch in legal than this red circle?
Ms. Trucco: Yes.
Mr. McQuarrie: I'm curious about this boundary on the east side because that's where we have the Boardwalk that comes out of Parcel K2.
Mr. LaRosa: Right.
Ms. Trucco: Actually, Nicolle Van Valkenburg at Poulos & Bennett, was emailing back and forth on an email chain with some of our folks and she had said that Parcel G also has a Boardwalk to Parcel R. The upland piece of Parcel R is what we would be contracting, according to Ms. Van Valkenburg, but Parcel G is outside the CDD boundary, so she felt that it wouldn't be impacted on that.

Mr. La Rosa: Okay. Does our standard Operation and Maintenance (O&M) Budget include this area, currently?
Ms. Trucco: Great question. Now that is not an accessible piece. Parcel R is not being assessed. It is a vacant piece of land, so they are not contributing to O&M.
Mr. Showe: They're not contributing to O&M and we don't do any maintenance there
either.

Mr. La Rosa: Okay.
Mr. Showe: So, we feel comfortable on both ends of it.
Ms. Trucco: She also had checked whether the open space recreation requirements,
affiliated with the development, was impacted at all and she did not believe so. So, today what we would be looking for, is a motion to approve this petition moving forward. Obviously, if some red flag is discovered, then we're going to halt that. But it would be, obviously subject to District staff signing off, including the District engineering team, to confirm.
Mr. La Rosa: Okay, so this is, this is essentially permission to move forward with exploratory, to get the process going forward, so that we can understand any and all potential impacts of the CDD, the boundaries, the open space commitments and then at some point in the future, we'll come back together as a Board and we'll look at all of that.
Ms. Trucco: Actually, this is going to approve the petition moving forward, but if there's some red flag in there, we would bring it back to the Board and explain what we are seeing. But as part of the petition filing process, you have to have a legal description of the exact location. There is going to have to be a sketch and legal of that piece. We want to have Moss Park enter into a Funding Agreement, so if we're going to expend our professional time on this project, they're paying for that.
Mr. La Rosa: So, notwithstanding any negative impact to the CDD, we are agreeing to move forward with this.
Ms. Trucco: Right. It’s our duty, our job and our liability. If there's an issue, we're not going to move forward with it or if we think that there's an opportunity for cost sharing or if that's the fair thing to do, the CDD should enter into a Cost Sharing Agreement with Moss Park Properties, because they're receiving benefit in some way, then we'll certainly pursue that as well. That would come back to the Board, too.
Mr. McQuarrie: Is this the only parcel that suffers from a similar situation?

Ms. Trucco: This is the only one, and we were advised that they were interested in, the upland portion of Parcel R and it does not include the wetland.
Mr. Garcia: I'm sorry for interrupting, but I have a quick question. I don't see a map in the agenda.
Mr. Showe: We just received this yesterday, so it was just added overnight. Mr. Garcia: Okay.
Mr. Showe: But we can certainly circulate that out to the Board. Mr. Boermans: Yeah, I had the same question.
Mr. Showe: Yeah.
Ms. Trucco: Okay. We can get you a copy of this, but we can put a note, too, to bring back the actual legal descriptions, if you approve this today and you want to see the actual legal descriptions.
Mr. La Rosa: I do. I would like to see the legal descriptions at the next meeting. So, we're saying that only the upland area and that circle is incorrect, because it's obviously including more than the upland area, but it's given us a general idea of the piece that they're talking about.
Ms. Trucco: Yes, that's my understanding. It's a piece of Parcel R, which is the larger perimeter around and not the perimeter around the green and blue.
Mr. La Rosa: The dash blue line.
Ms. Trucco: Right, exactly. The upland piece of that.
Mr. La Rosa: So, the CDD currently includes all of the green thatch, everything. There’s a green thatch here, that’s all CDD?
Ms. Trucco: No. My understanding is that is a parcel that's owned by Moss Park Properties. I don’t think that this key is necessarily accurate.
Mr. Showe: No, the hash is not owned by us. What's owned by us is that dark green, the upland area and the pond.
Mr. La Rosa: Okay.
Mr. Scheerer: There's actually a track that goes around the whole edge of that. Mr. Showe: That's not even our pond.
Mr. Scheerer: Yeah. That's not our pond.
Mr. Showe: Just the dark green was, I think, originally intended to be part of a CDD park.
I think that's the part they're looking to contract.

Mr. LaRosa: Okay, so then with that understanding, as long as there's no open space commitments or anything that would negatively impact us, then I would make a motion to approve it.

Ms. Trucco: I'm also going to write a note here that as soon as that legal and sketch is done, to bring it back to the Board.
Mr. Showe: We can leave this as just an action item that we'll set on the agenda, just kind of like we do with the conveyances and everything else. We'll just leave it as kind of a ticket item, so that you can come back every month until we're all done.
Ms. Trucco: Obviously we're not going to move forward with this until that Funding Agreement is signed by Moss Park Properties.
SIXTH ORDER OF BUSINESS	Staff Reports
Attorney
Ms. Trucco: The only other thing that we're working on, there was a request from Lennar to look at some tracks that were to be owned by Lennar. But they've determined that they should be owned by the CDD moving forward, so we're doing some due diligence right now with your District Engineer, to confirm what infrastructure is on there and that she also doesn't have an objection. She's going to sign this and there's certificate as part of that conveyance. Also, as part of our due diligence, we run title work. So, we're doing that right now in the background and then we'll bring a formal resolution back to the Board for your review and approval once we finish just our preliminary kind of diligence items on it.
Annual Reminder on Florida Laws for Public Officials
Ms. Trucco stated the only other item is the Memorandum that we included in your agenda package, as annual reminders to the Board on Florida Laws that apply to public officials. As CDD Supervisors, you are considered a local public official in the State of Florida. I’ll just quickly go through this. Nothing happened in this CDD. It is just a refresher reminder that some Supervisors requested. The first section is the Code of Ethics. This is just a reminder about the

Gifts Law. You as a Supervisor, are prohibited from accepting or asking for anything of value, based upon the understanding that it was given to you in order influence your official decision making on this Board. For example, if Greenery Landscaping, is trying to get the contract for the CDD and they give you a car, you're not going to be able to accept that, if it's being given to you in order to influence your decision making as part of a Supervisor on this Board. This applies also to your spouse or minor children. So, if your spouse or minor child knows or should know that something is being given to him or her, based on an understanding that it would influence your decision making on this Board, they're also not permitted to accept it. Those cover the gifts that are given to you in order to influence your official decision making. So, we get the question, “Well, can I accept a gift that's not being given to me in order to influence my decision making?” The answer is yes; however, there is a disclosure duty. So, if you're given a gift with a value of more than $100, unless it was given to you by a relative, you have to disclose that gift on Form 9 within 90 days of receiving that gift or you have to pay down the value of that gift so that the value is less than $100 within 90 days of receiving it. Just moving on to the next section, we have the voting conflicts, which has to do with the fact that you can't vote on any measure, which would result in a special private gain or loss to yourself or to a principal by whom you are retained. So, that generally means your employer. However, of course, there is a statutory exception for individual Supervisors that are affiliated with the original landowner. So, in this instance, it would be Lennar. That's why you're able to approve requisitions and things like that. The Legislature thought about that and they built in an exception for Supervisors that are retained by the original landowner, which was typically the developer. That applies a parent organization or subsidiary of a corporate principal of your employer. That also applies to your relatives. So, if you have a spouse or a child, brother or parent that owns Greenery Landscaping, for example, and they submit a proposal for the contract, you're going to have to abstain from voting, because you have a voting conflict. If you voted on that, it could result in a loss or gain to your relatives. You have to abstain. This also applies to business associates. So, what we look at here is, do you have a common commercial, entrepreneurial business pursuit with another person for a profit and is that pursuit current and ongoing? If the answer is yes, say you're trying to rent out apartment complex with a friend of yours who also owns Greenery Landscaping. If it's for profit, and you are trying to rent out that apartment complex, that person would be considered your business associate. So, if they also own Greenery Landscaping and they submit a proposal,

you're going to have to abstain from voting on that because you have a voting conflict. There's a disclosure requirement for voting conflicts, so if you feel that you do have one, let us know as soon as you know and we'll give you the form that you fill out and file, which is Ethics Form 8B. You have to do that within 15 days of the vote occurring. However, you can still discuss the item, if you do have a voting conflict, but the law distinguishes between appointed and elected Supervisors. So, again, let us know. It's best that we can walk you through the process for disclosing your conflict. If you feel that you have one, you can discuss it, but we do warn against the misuse of the Public Position Statute that's on the prior page, which basically means you can never corruptly use your position in order to get a special gain for yourself. So, if you're doing anything corruptly, you could be in violation of that Statute. An example of that, would be accepting a bribe to vote for Greenery Landscaping’s proposal or something like that. Then the last thing that we're going to touch on, is quorum and Sunshine Law requirements. You know that you must have a majority in order to have a physical quorum. If you are calling in, you can do so, but you should only be calling in due to an extraordinary circumstance such as illness or a medical emergency or something like that. If you do participate by telephone, you know that you have to vote on every measure unless you have a voting conflict, just like if you were physically present. As far as the Sunshine Law, you are prohibited from discussing any item upon which foreseeable action will be taken by this Board outside of one of these meetings, with another Supervisor. You can talk to your neighbor, your spouse, your kids, anybody, but you can't talk about CDD business or things that would foreseeably come before this Board with another Supervisor outside of one of these noticed meetings. That includes virtual discussions, text messages, emails, Facebook posts, you name it. You want to avoid discussing CDD business on those, in those contexts.
Mr. La Rosa: And there's no exception for the original developers?
Ms. Trucco: Not for the Sunshine Law. That's a good question. The Sunshine Law is going to apply to Supervisors, regardless of whether they're affiliated or not. There was an Attorney General opinion that came out recently that said, even posting something in a public forum, like a blog or Facebook, that's public, that could be viewed as a Sunshine Law violation, because another Supervisor could read it outside of one of these meetings and get your take on a CDD business item, which could be construed as communicating with another Supervisor outside of one of these meetings. So, be mindful about that, too. If you want to talk about CDD

stuff, we recommend that you do it here, so that you're not violating the Sunshine Law. Then the other part of that, with respect to posting online about things, is the public records requirement. That applies to all of you. So, if you posted something online, like on Facebook and you did make it public and you're not friends with any of the Supervisors, one of the concerns, is that are you able to retain it for the required period of time under the Public Records Law. Because Facebook or whatever website you're posting on, they could delete it or somebody could delete your comment. So, there's also a public record consideration, too. That's why our recommendation is not to post about CDD business online or things that could come foreseeably come before the Board. So, for the Public Records Law, you have to hold on to any materials that were made or received in connection with official business of the CDD. That applies to text messages, emails, documents, sound recordings, maps, books, everything you can think of. There's a required period of time that you have to hold onto them. Those time periods are set forth by the Division of Library Information Services by the Florida Department of State. There is a URL at the end of the Memorandum that you could click on, which will take you to the site. There's a chart, where every single document you could ever think of, is listed. Then it says how long you have to retain it for and how you're supposed to dispose of it. So, our recommendation is a best practice, which is to have a separate email account or a separate folder on your computer that you just plop anything that you receive or send in connection with the CDD into. That way, if you get a public records request, you have it handy there. You can also send it to GMS, as the CDD’s public record custodian. They can hold on to it. You just don't have to deal with it. There are exceptions to public records requests. They're limited. For example, the materials related to security, fire safety of facilities of the CDD, that's an exemption. You can't just get a public records request for something that has the security guards hours or something like that, for obvious reasons. We're grateful that that's an exception there. Then materials related to active criminal investigations, is also an exception to the Public Records Law. So, again, I know there's a lot of information, but if you have a chance to read through it, I encourage you to do it. If you have any questions, please feel free to reach out to us and we're happy to help. That's all I have for you today, unless you have any questions for me.
Engineer
Discussion of Pending Real Property Conveyances
Status of Pending Permit Transfers

Mr. Showe: Is the Engineer on the phone? Alright. Hearing none, I'm not aware of any ongoing updates for the Engineer.

District Manager’s Report
Approval of Check Register
Mr. Showe: We can proceed to the approval of the Check Register. In your General Fund, we have Checks #1230 through #11273 for $1,496,917.60 and February payroll for a grand total of $738.80. We will note on your General Fund that about $950,000 of that is a transfer from the General Fund to pay your debt service. Then we also established your State Board of Administration Account (SBA) account, which was the $300,000. So, it's really only about
$200,000, which are typical expenses. The summary of those invoices follows that. Both Alan and I can answer any questions, if the Board has any or we can take a motion to approve the Check Register.

Balance Sheet and Income Statement
Mr. Showe: Behind that, is your Balance Sheet and Income Statement. No action is required by the Board. We will note that in your General Fund, we are still performing better than budget actual. So, we're in great shape there and we are at 97% collected on our assessments through April, so we're in good shape on all of that.
Presentation of Number of Registered Voters – 2,279
General Elections Qualifying Period & Procedure
Mr. Showe: We are required annually to announce the number of registered voters within the District. As of April 15th, there are 2,279 registered voters in Storey Park. That is an increase of about 200 from last year. The reason that's important, is we've already passed the threshold to trigger into having qualified elections. So, we will note that this year there will be two seats up for election, Mike's seat as well as Theresa's seat. Your terms end in November and they will have to be filled by a qualified elector, which is someone who is a US citizen, that live in the District and be registered to vote in the District. This sheet here kind of gives you all the information, if someone is interested in running for the Board and how they would go about that. The qualifying period is from noon on June 10th through noon on June 14th. You have to

complete all of the forms that are listed here. You either have to pay a $25 fee or turn in 25 signatures. If anyone wants to go through the signature route, which most do not, those are due on Monday, because they have to have time to qualify those signatures. Again, there's really no action required by the Board on that, but I can answer any questions that the Board might have.
Mr. La Rosa: How is the public noticed and how do we get that out to the public? We kind of rely on any folks that are on the Board or interested in serving the Board. We can share that information with them.
Mr. Showe: Okay. We certainly send it to the HOA.
Mr. La Rosa: I’m just wondering. It’s a large community, I would imagine there has to be some people that are interested that may not know about it.
Mr. Showe: Yeah. We can have the HOA distribute the qualification information. Mr. Garcia: I think that's a great idea.
Mr. Showe: We'll get that done. That's all that I have.

Field Manager’s Report
Mr. Showe: We can have Alan go through any field.
Mr. Scheerer: Yeah, I really do not have a lot of updates. We do have a damaged stormwater weir in Pond J1. So, we're in the process of getting quotes. The concrete has just totally started to collapse around the bleed down pipe. All Terrain Tractor was out there and they're sending me a quote. We also had some erosion around another area along Storey Park Boulevard. I don't have the exact pond number. So, we're looking at that just to see what the damages are and what it's going to cost to fix those. I doubt very much there's any warranty left on any of that work as J1 was probably one of the first or second neighborhoods done. But we'll go ahead and pursue that. We'll get a couple of quotes for that and bring that back. The two dog parks over in Parcel K, are beautiful dog parks, but the gates weren't big enough to get the mows in, the mow crew stuff in. So, I added a black aluminum gate and it's big enough that they can get the tractor in there. Other than that, they have to bush mow it. So, we've done that and we're gearing up. Obviously with the hot weather, you're going to be seeing some algae popping up in some of the stormwater ponds from time to time. Our little piggies are back. They're rooting up in and around the community, which will continue as long as construction is going on around Storey Park. So, we'll work through that as best we can. Other than that, I think the property is looking good. We are challenged with no rain right now, so you may see some drought stress

from time to time. We can only run the irrigation so much each week and we're trying to comply with that. We kind of try to get around that with maybe an extra wet check in between. So, we can get an extra day of watering in, while the guys are trying to hit some of these hotspots. Other than that, that's all I have, unless you have any questions for me.
Ms. Diaz: What about the email that you send to me about the area in K3 that you needed to be graded?
Mr. McQuarrie: The north side of K3. Ms. Diaz: The utilities.
Mr. Scheerer: Was that the area between the homes? Ms. Diaz: No, only the utilities.
Mr. Scheerer: Oh, there is a track that's has utilities in it. My understanding was that once all construction was completed, you guys were going to clean that all up so we could maintain it or is it meant to look the way it is now? Because on the property next to it, they mow all of that, but that's on the Meridian Park side, but on our side, nothing's been done with that.
Mr. McQuarrie: We've already graded it one time and we seeded it one time, but I need to look at it again. I think its ongoing since we completed all of those homes that were along that, because they were not completed when we did that.
Mr. Scheerer: Right.
Mr. McQuarrie: I think they pushed some of the dirt back and it just kind of messed up that whole burn area there. Teresa, you're going out, but see if you can put it on Zach's list.
Ms. Diaz: Yes, I've already went out there.
Mr. McQuarrie: Your guys can go in there and just grade that off. Ms. Diaz: Yeah.
Mr. McQuarrie: The weather forecast for the next 10 days is for rain almost every day, starting with today. So, I'm hoping that we can seed it and mulch it, instead of sodding that entire bad.
Mr. Scheerer: There is some construction material that's been left back in there. There are some berms.
Mr. McQuarrie: They just need to smooth out the bank, clean up all the construction material, make it look real nice and then we'll decide how we want to stabilize it, whether we

want to throw Bahia or just put a nice seed on it and if we start getting some rain, it will come back.
Mr. Scheerer: Yeah, absolutely. Ms. Diaz: That would be perfect.
Mr. McQuarrie: So, if Zach is still working on that, I will take care of that as Lennar. Mr. Scheerer: Okay.
Mr. McQuarrie: I'll get that done. So, as long as Zach knows. Mr. Scheerer: Give me Zach's information.
Ms. Diaz: I'll remind Zack tomorrow.
Mr. Scheerer: Thanks for refreshing my memory. Mr. McQuarrie: Yeah.
Mr. Scheerer: Nine months along and you still got it.

SEVENTH ORDER OF BUSINESS	Public Comment Period
There being no comments, the next item followed.

EIGHTH ORDER OF BUSINESS	Supervisor’s Requests
Mr. Showe: Are there any Supervisor’s Requests? Mr. Boermans: I had one thing.
Mr. Showe: Okay.
Mr. Boermans: I just wanted to make a note. So, now we transferred the HOA to a full residential Board. So, we have now five new members on the HOA Board.
NINTH ORDER OF BUSINESS	Other Business
There being no comments, the next item followed.

TENTH ORDER OF BUSINESS	Next Meeting Date – June 4, 2024
Mr. Showe: The next scheduled meeting is June 4, 2024.

ELEVENTH ORDER OF BUSINESS	Adjournment

Secretary/Assistant Secretary	Chairman/Vice Chairman

Section V

STOREY PARK COMMUNITY DEVELOPMENT DISTRICT
CITY OF ORLANDO, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023
STOREY PARK COMMUNITY DEVELOPMENT DISTRICT CITY OF ORLANDO, 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 the Financial Statements	13-23	
REQUIRED SUPPLEMENTARY INFORMATION		
Schedule of Revenues, Expenditures and Changes in Fund Balances –
Budget and Actual – General Fund	
24	
Notes to Required Supplementary Information	25	
OTHER INFORMATION		
Data Elements required by FL Statute 218.39 (3) (c)	26	
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		
	27-28	
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		
	29	
MANAGEMENT LETTER REQUIRED BY CHAPTER 10.550 OF THE RULES
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	
30-31	

INDEPENDENT AUDITOR’S REPORT

To the Board of Supervisors
Storey Park Community Development District City of Orlando, 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 Storey Park Community Development District, City of Orlando, Florida (“District”) as of and for the fiscal year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements as listed in the table of contents.
In our opinion, the financial statements referred to above present fairly, in all material respects, the respective financial position of the governmental activities and each major fund of the District as of September 30, 2023, and the respective changes in financial position thereof for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America.
Basis for Opinions
We conducted our audit in accordance with auditing standards generally accepted in the United States of America (GAAS) and the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States. Our responsibilities under those standards are further described in the Auditor’s Responsibilities for the Audit of the Financial Statements section of our report. We are required to be independent of the District and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements relating to our audit. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our audit opinions.
Responsibilities of Management for the Financial Statements
The District’s management is responsible for the preparation and fair presentation of the financial statements in accordance with accounting principles generally accepted in the United States of America; and for the design, implementation, and maintenance of internal control relevant to the preparation and fair presentation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, management is required to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for twelve months beyond the financial statement date, including any currently known information that may raise substantial doubt shortly thereafter.
Auditor’s Responsibilities for the Audit of the Financial Statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinions. Reasonable assurance is a high level of assurance but is not absolute assurance and therefore is not a guarantee that an audit conducted in accordance with GAAS will always detect a material misstatement when it exists. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control. Misstatements are considered material if there is a substantial likelihood that, individually or in the aggregate, they would influence the judgment made by a reasonable user based on the financial statements.
In performing an audit in accordance with GAAS, we:
Exercise professional judgment and maintain professional skepticism throughout the audit.
Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, and design and perform audit procedures responsive to those risks. Such procedures include examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements.
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, no such opinion is expressed.
Evaluate the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluate the overall presentation of the financial statements.
Conclude whether, in our judgment, there are conditions or events, considered in the aggregate, that raise substantial doubt about the District’s ability to continue as a going concern for a reasonable period of time.
We are required to communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit, significant audit findings, and certain internal control–related matters that we identified during the audit.
Required Supplementary Information
Accounting principles generally accepted in the United States of America require that the management’s discussion and analysis and budgetary comparison information be presented to supplement the basic financial statements. Such information is the responsibility of management and, although not a part of the basic financial statements, is required by the Governmental Accounting Standards Board, who considers it to be an essential part of financial reporting for placing the basic financial statements in an appropriate operational, economic, or historical context. We have applied certain limited procedures to the required supplementary information in accordance with auditing standards generally accepted in the United States of America, which consisted of inquiries of management about the methods of preparing the information and comparing the information for consistency with management’s responses to our inquiries, the basic financial statements, and other knowledge we obtained during our audit of the basic financial statements. We do not express an opinion or provide any assurance on the information because the limited procedures do not provide us with sufficient evidence to express an opinion or provide any assurance.
Other Information Included in the Financial Report
Management is responsible for the other information included in the financial report. The other information comprises the information for compliance with Section 218.39(3)(c), Florida Statutes, 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 24, 2024, on our consideration of the District’s internal control over financial reporting and on our tests of its compliance with certain provisions of laws, regulations, contracts, grant agreements and other matters. The purpose of that report is solely to describe the scope of our testing of internal control over financial reporting and compliance and the results of that testing, and not to provide an opinion on the effectiveness of the District’s internal control over financial reporting or on compliance. That report is an integral part of an audit performed in accordance with Government Auditing Standards in considering the District’s internal control over financial reporting and compliance.

June 24, 2024
MANAGEMENT’S DISCUSSION AND ANALYSIS

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

FINANCIAL HIGHLIGHTS

The assets of the District exceeded its liabilities at the close of the most recent fiscal year resulting in a net position balance of $4,207,864.

The change in the District’s total net position was $3,350,079, an increase. The key components of the District’s net position and change in net position are reflected in the table in the government-wide financial analysis section.

At September 30, 2023, the District’s governmental funds reported combined ending fund balances of $2,543,561, a decrease of ($2,230,648) in comparison with the prior period. A portion of fund balance is restricted for debt service and capital projects, non-spendable for prepaid items, and the remainder is unassigned fund balance which is available for spending at the District’s discretion.
OVERVIEW OF FINANCIAL STATEMENTS

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

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

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

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

The government-wide financial statements include all governmental activities that are principally supported by assessments. The District does not have any business-type activities. The governmental activities of the District include 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.
OVERVIEW OF FINANCIAL STATEMENTS (Continued)

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

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

The District maintains three individual governmental funds. 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 all of which are considered major funds.

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

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS
As noted earlier, net position may serve over time as a useful indicator of an entity’s financial position. In the case of the District, 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,
	2023	2022	
Current and other assets
$	2,588,945	$
5,125,348
Capital assets, net of depreciation		26,266,907	21,259,446  Total assets		28,855,852	26,384,794 
Current liabilities	332,653	681,285
Long-term liabilities		24,315,335	24,845,724 
Total liabilities		24,647,988	25,527,009  Net position
Net investment in capital assets	1,951,572	(3,586,278)
Restricted	1,516,541	3,997,038
Unrestricted		739,751	447,025 
Total net position	 $	4,207,864	$	857,785 
GOVERNMENT-WIDE FINANCIAL ANALYSIS (Continued)

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 remaining balance of unrestricted net position may be used to meet the District’s other obligations.

The District’s net position increased during the most recent fiscal year. The majority of the increase is the result of an increase in Developer contributions toward the construction projects.
Key elements of the change in net position are reflected in the following table:

CHANGES IN NET POSITION
FOR THE FISCAL YEAR END SEPTEMBER 30,
2023	2022

Revenues:
Program revenues
Charges for services	
$	2,909,828	
$	2,598,479	
Operating grants and contributions	82,370	6,545	
Capital grants and contributions	2,827,416	1,713	
General revenues	17,738	57	
Total revenues	5,837,352	2,606,794	
Expenses:
General government	
141,817	
164,153	
Maintenance and operations	1,315,932	1,247,031	
Interest	1,029,524	963,977	
Bond issuance costs	-	254,100	
Total expenses	2,487,273	2,629,261	
Change in net position	3,350,079	(22,467)	
Net position - beginning	857,785	880,252	
Net position - ending	$	4,207,864	$	857,785	
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2023 was $2,487,273. The costs of the District’s activities were primarily funded by program revenues. Program revenues are comprised primarily of assessments. The remainder of the current fiscal year revenue includes Developer contributions and interest revenue. The majority of the increase in program revenues is the result of resources from Developer contributions exceeding the use of funds for the acquisition of infrastructure assets. The majority of the change in expenses results from the decrease in bond issue costs.
GENERAL BUDGETING HIGHLIGHTS

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

Capital Assets
At September 30, 2023, the District had $28,044,444 invested in capital assets for its governmental activities. In the government-wide financial statements depreciation of $1,777,537 has been taken, which resulted in a net book value of $ $26,266,907. More detailed information about the District’s capital assets is presented in the notes of the financial statements.

Capital Debt
At September 30, 2023, the District had $24,140,000 in Bonds outstanding and $160,570 in leases payable for its governmental activities. 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

Subsequent to fiscal year end, the District began the process to contract its boundaries. For the subsequent fiscal year, the District anticipates that the cost of general operations will increase.

CONTACTING THE DISTRICT’S FINANCIAL MANAGEMENT
This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District’s finances and to demonstrate the District’s accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Storey Park Community Development District’s Finance Department at 219 E. Livingston St., Orlando, Florida, 32801.
STOREY PARK COMMUNITY DEVELOPMENT DISTRICT CITY OF ORLANDO, FLORIDA
STATEMENT OF NET POSITION SEPTEMBER 30, 2023

	Governmental
	Activities		
ASSETS		
Cash	$	229,581	
Investments	516,176	
Assessments receivable	17,212	
Prepaid items	31,783	
Restricted assets:		
Investments	1,794,193	
Capital assets:		
Depreciable, net		26,266,907 	
Total assets		28,855,852 	

LIABILITIES		
Accounts payable	45,041	
Contracts payable	343	
Accrued interest payable	287,269	
Non-current liabilities:		
Due within one year	551,001	
Due in more than one year		23,764,334 	
Total liabilities		24,647,988 	

NET POSITION		
Net investment in capital assets	1,951,572	
Restricted for debt service	1,508,470	
Restricted for capital projects	8,071	
Unrestricted		739,751 	
Total net position	 $	4,207,864 	

See notes to the financial statements
STOREY PARK COMMUNITY DEVELOPMENT DISTRICT CITY OF ORLANDO, FLORIDA STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

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

Functions/Programs	Expenses Primary government:
Governmental activities:

Charges for Services
Operating Grants and Contributions
Capital Grants and Contributions

Governmental Activities
General government
$	141,817	$	-	$	-	$
-	$	(141,817)

Maintenance and operations	1,315,932	1,225,970	-	2,827,416	2,737,454	
Interest on long-term debt	1,029,524	1,683,858	82,370	-	736,704	
Total governmental activities	2,487,273	2,909,828	82,370	2,827,416	3,332,341	

General revenues:
Unrestricted investment earnings		17,738 	
Total general revenues		17,738 	
Change in net position	3,350,079	
Net position - beginning		857,785 	
Net position - ending	 $	4,207,864 	

See notes to the financial statements
BALANCE SHEET GOVERNMENTAL FUNDS SEPTEMBER 30, 2023

	Major Funds	
Capital
Total Governmental
General
Debt Service
Projects
Funds
ASSETS					
Cash	$	229,581	$	-	$	-	$	229,581	
Investments	516,176	1,785,779	8,414	2,310,369	
Assessments receivable	7,252	9,960	-	17,212	
Prepaid items	31,783	-	-	31,783	
Total assets	$	784,792	$ 1,795,739	$	8,414	$ 2,588,945	

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	$	45,041	$	-	$	-	$	45,041	
Contracts payable	-	-	343	343	
Total liabilities	45,041	-	343	45,384	

Fund balances:
Nonspendable:
Prepaid items		31,783		-		-		31,783	
Restricted for:									
Debt service		-		1,795,739		-		1,795,739	
Capital projects		-		-		8,071		8,071	
Unassigned		707,968		-		-		707,968	
Total fund balances		739,751		1,795,739		8,071		2,543,561	

Total liabilities and fund balances	
$	
784,792	
$	
1,795,739	
$	
8,414	
$	
2,588,945	

See notes to the financial statements
RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTEMBER 30, 2023

Fund balance - governmental funds	$ 2,543,561
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	28,044,444
Accumulated depreciation	  (1,777,537)   26,266,907
Liabilities not due and payable from current available resources are not reported as liabilities in the governmental fund financial statements. All liabilities, both current and long- term, are reported in the government-wide financial statements.
Accrued interest payable	(287,269)	
Bonds payable	  (24,315,335)	(24,602,604) 	
Net position of governmental activities	$ 4,207,864	

See notes to the financial statements
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

	Major Funds	
Capital
Total Governmental
General
Debt Service
Projects
Funds
REVENUES					
Assessments	$ 1,225,970	$  1,683,858	$	-	$  2,909,828	
Developer contributions	-	-	2,770,228	2,770,228	
Interest	17,738	82,370	57,188	157,296	
Total revenues	1,243,708	1,766,228	2,827,416	5,837,352	

EXPENDITURES
Current:
General government	141,817	-	-	141,817	
Maintenance and operations	740,722	-	-	740,722	
Debt service:
Principal	
15,375	
515,000	
-	
530,375	
Interest	6,758	1,065,657	-	1,072,415	
Capital outlay	46,310	-	5,536,361	5,582,671	
Total expenditures	950,982	1,580,657	5,536,361	8,068,000	
Excess (deficiency) of revenues over (under) expenditures	

292,726	

185,571	

(2,708,945)	

(2,230,648)	

OTHER FINANCING SOURCES (USES)
Transfers in (out)	

-	

(7,443)	

7,443	

-	
Total other financing sources (uses)	-	(7,443)	7,443	-	

Net change in fund balances	
292,726	
178,128	
(2,701,502)	
(2,230,648)	
Fund balances - beginning	447,025	1,617,611	2,709,573	4,774,209	

Fund balances - ending	
$	739,751	
$  1,795,739	
$	8,071	
$  2,543,561	

See notes to the financial statements
RECONCILIATION OF THE STATEMENT OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCES OF GOVERNMENTAL FUNDS TO THE STATEMENT OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

Net change in fund balances - total governmental funds	$  (2,230,648)
Amounts reported for governmental activities in the statement of activities are different because:
Governmental funds report capital outlays as expenditures; however, the cost of capital assets is eliminated in the statement of
activities and capitalized in the statement of net position.	5,582,671
Depreciation on capital assets is not recognized	in the governmental fund financial statements but is reported as an
expense in the statement of activities.	(575,210)
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statement but such repayments reduce liabilities in the statement of net position and are eliminated
in the statement of activities.	530,375
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.	14
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 fund financial statements.				42,877  Change in net position of governmental activities		$	3,350,079

See notes to the financial statements
CITY OF ORLANDO, FLORIDA
NOTES TO FINANCIAL STATEMENTS

NOTE 1 – NATURE OF ORGANIZATION AND REPORTING ENTITY

Storey Park Community Development District ("District") was created on March 9, 2015 by Ordinance 2015-7 of the City of Orlando, Florida, amended by Ordinance 2019-50 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 is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected by the owners of the property within the District. The Board of Supervisors of the District exercise all powers granted to the District pursuant to Chapter 190, Florida Statutes. At September 30, 2023, four of the Board members are affiliated with Lennar Homes, LLC (the “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 Board of Supervisors 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.

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

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

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

The District reports the following major governmental funds:

General Fund
The general fund is the general operating fund of the District. It is used to account for all financial resources except those required to be accounted for in another fund.
Debt Service Fund
The debt service fund is used to account for the accumulation of resources for the annual payment of principal and interest on long-term debt.

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

As a general rule, the effect of interfund activity has been eliminated from the government-wide financial statements.
When both restricted and unrestricted resources are available for use, it is the government’s policy to use restricted resources first for qualifying expenditures, then unrestricted resources as they are needed.

Assets, Liabilities and Net Position or Equity

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

The District has elected to proceed under the Alternative Investment Guidelines as set forth in Section
218.415 (17) Florida Statutes. The District may invest any surplus public funds in the following:
The Local Government Surplus Trust Funds, or any intergovernmental investment pool authorized pursuant to the Florida Interlocal Cooperation Act;
Securities and Exchange Commission registered money market funds with the highest credit quality rating from a nationally recognized rating agency;
Interest bearing time deposits or savings accounts in qualified public depositories;
Direct obligations of the U.S. Treasury.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due. In addition, surplus funds may be deposited into certificates of deposit which are insured and any unspent Bond proceeds are required to be held in investments as specified in the Bond Indenture.

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 (amount not rounded) and an estimated useful life in excess of two years. Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset or materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:
Assets	Years	
Infrastructure – roadways and streetlights	30	
Infrastructure – stormwater management	30	
Infrastructure – landscape and hardscape	30	

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

Unearned Revenue
Governmental funds report unearned revenue in connection with resources that have been received, but not yet earned.

Long-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized 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.
Leases
The District is a lessee for several non-cancellable leases of equipment. The District recognizes a lease liability and an intangible right-to-use lease assets (lease asset) in the government-wide financial statements. At the commencement of the lease, the District measures the lease liability at the present value of payments expected to be made during the lease term. Subsequently, the lease liability is reduced by the principal portion of lease payments made. The leased asset is initially measured as the initial amount of the lease liability, adjusted for lease payments made at or before the commencement date, plus certain direct costs. Subsequently, the leased asset is amortized on a straight-lie basis over its useful life.

Key estimates and judgments related to leases include how the District determines (1) the discount rate it uses to discount the expected lease payments to present value, (2) lease term, and (3) lease payments. The District uses the interest rate charged by the lessor as the discount rate. When the interest rate charged by the lessor is not provided, the District generally uses its estimated incremental borrowing rate as the discount rate for leases. The lease term includes the noncancellable period of the lease. Lease payments included in the measurement of the lease liability are composed of fixed payments and purchase option price that the District is reasonably certain to exercise.
The District monitors changes in circumstances that would require a remeasurement of its lease and will remeasure the lease asset and liability if certain changes occur that are expected to significantly affect the amount of the lease liability. Lease assets are reported with other capital assets and lease liabilities are reported with long‐term debt on the statement of net position.
Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred outflows of resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

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

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

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

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 all governmental funds. 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 hearing is conducted to obtain public comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriation for annually budgeted funds lapse at the end of the year.
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.
Investments
The District’s investments were held as follows at September 30, 2023:
Amortized Cost	Credit Risk	Maturities

Fidelity Investments Money Market $ Government Portfolio
Investment	in	Local	Government
1,794,193
S&P AAAm	Weighted average maturity: 29
days
Weighted average maturity: 35
Surplus  Funds Trust Fund (Florida
516,176 S&P AAAm
days
PRIME)		
 $	2,310,369 
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. For external investment pools that qualify to be measured at amortized cost, the pool’s participants should also measure their investments in that external investment pool at amortized cost for financial reporting purposes. Accordingly, the District’s investments have been reported at amortized cost above.
External Investment Pool – With regard to redemption gates, Chapter 218.409(8)(a), Florida Statutes, states that “The principal, and any part thereof, of each account constituting the trust fund is subject to payment at any time from the moneys in the trust fund. However, the Executive Director may, in good faith, on the occurrence of an event that has a material impact on liquidity or operations of the trust fund, for 48 hours limit contributions to or withdrawals from the trust fund to ensure that the Board can invest moneys entrusted to it in exercising its fiduciary responsibility. Such action must be immediately disclosed to all participants, the Trustees, the Joint Legislative Auditing Committee, the Investment Advisory Council, and the Participant Local Government Advisory Council. The Trustees shall convene an emergency meeting as soon as practicable from the time the Executive Director has instituted such measures and review the necessity of those measures. If the Trustees are unable to convene an emergency meeting before the expiration of the 48-hour moratorium on contributions and withdrawals, the moratorium may be extended by the Executive Director until the Trustees are able to meet to review the necessity for the moratorium. If the Trustees agree with such measures, the Trustees shall vote to continue the measures for up to an additional 15 days. The Trustees must convene and vote to continue any such measures before the expiration of the time limit set, but in no case may the time limit set by the Trustees exceed 15 days.” With regard to liquidity fees, Florida Statute 218.409(4) provides authority for the SBA to impose penalties for early withdrawal, subject to disclosure in the enrollment materials of the amount and purpose of such fees. At present, no such disclosure has been made.

As of September 30, 2023, there were no redemption fees or maximum transaction amounts, or any other requirements that serve to limit a participant’s daily access to 100% of their account value.

NOTE 5 – CAPITAL ASSETS
Capital asset activity for the fiscal year ended September 30, 2023 was as follows:

	Beginning
Balance	
Additions	
Reductions	
Ending Balance	
Governmental activities					
Capital assets, not being depreciated					
Construction in progress	$	5,569,798	$	5,536,361	$  11,106,159	$	-	
Total capital assets, not being depreciated	5,569,798	5,536,361	11,106,159	-	

Capital assets, being depreciated					
Infrastructure - roadways and streetlights	6,249,364	4,657,346	-	10,906,710	
Infrastructure - stormwater management	7,626,329	5,123,405	-	12,749,734	
Infrastructure - landscape and hardscape	2,834,110	1,325,408	-	4,159,518	
Right-to-use leased equipment	182,172	-	-	182,172	
Equipment	-	46,310	-	46,310	
Total capital assets, being depreciated	16,891,975	11,152,469	-	28,044,444	

Less accumulated depreciation for:					
Infrastructure - roadways and streetlights	446,190	208,312	-	654,502	
Infrastructure - stormwater management	546,277	254,211	-	800,488	
Infrastructure - landscape and hardscape	202,269	94,470	-	296,739	
Right-to-use leased equipment	7,591	18,217	-	25,808	
Total accumulated depreciation	1,202,327	575,210	-	1,777,537	

Total capital assets, being depreciated, net	
15,689,648	
10,577,259	
-	
26,266,907	

Governmental activities capital assets, net	
$  21,259,446	
$  16,113,620	
$  11,106,159	
$	26,266,907	

During the current fiscal year, the District acquired certain improvements from the Developer for a total of
$2,760,393. Additionally, Developer contributions to the capital projects fund for the current fiscal year were $2,770,228.
Depreciation was charged to maintenance and operations.

NOTE 6 – LONG-TERM LIABILITIES
Series 2015
On September 10, 2015, the District issued $9,210,000 of Special Assessment Bonds (Assessment Area One Project), Series 2015 consisting of $750,000 Term Bonds due November 1, 2020 with a fixed interest rate of 4.000%, $1,215,000 Term Bonds due November 1, 2026 with a fixed interest rate of 4.500%, $2,610,000 due November 1, 2035 with a fixed interest rate of 5.000%, and $4,635,000 Term Bonds due November 1, 2045 with a fixed interest 5.125%. The Bonds were issued to acquire and/or construct a portion of the Assessment Area One Project. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing November 1, 2016.

The Series 2015 Bonds are subject to redemption prior to maturity at the option of the District, in whole or in part, on any date on or after November 1, 2025. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2023.
Series 2018
On April 27, 2018, the District issued $3,865,000 of Special Assessment Bonds (Assessment Area Two Project), Series 2018 consisting of multiple term bonds with due dates ranging from June 15, 2023 – June 15, 2048 and fixed interest rates ranging from 3.75% to 5%. The Bonds were issued to acquire and/or construct a portion of the Assessment Area Two Project. Interest is to be paid semiannually on each December 15 and June 15. Principal on the Series 2018 Bonds is to be paid serially commencing June 15, 2019 through June 15, 2048.
The Series 2018 Bonds are subject to redemption prior to maturity at the option of the District, in whole or in part, on any date on or after June 15, 2028. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2023.

Series 2019
On May 31, 2019, the District issued $3,995,000 of Special Assessment Bonds (Assessment Area Three Project), Series 2019 consisting of multiple term bonds with due dates ranging from June 15, 2024 to June 15, 2049 and fixed rates ranging from 3.5% to 4.375%. The Bonds were issued to acquire and/or construct a portion of the Assessment Area Three Project. Interest is to be paid semiannually on each June 15 and December 15 of each year, commencing June 15, 2019. Principal on the Series 2019 Bonds is to be paid serially commencing on June 15, 2020 through June 15, 2049.
The Series 2019 Bonds are subject to redemption prior to maturity at the option of the District, in whole or in part, on any date on or after June 15, 2029. The Bonds are subject to mandatory sinking fund redemption and extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2023.
Series 2021
On June 15, 2021, the District issued $6,030,000 of Special Assessment Bonds, Series 2021 consisting of Term Bonds between June 15, 2026 and June 15, 2051, with fixed interest rates ranging from 2.375% to 4.0%. 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 June 15 and December 15, commencing December 15, 2021 and the principal on the bonds is to be paid serially commencing June 15, 2022 through June 15, 2051.

The Series 2021 Bonds are subject to redemption prior to maturity at the option of the District, in whole or in part, on any date on or after June 15, 2031. The Series 2021 Bonds are not subject to optional redemption. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2023.
Series 2022
On September 15, 2022, the District issued $3,105,000 of Special Assessment Bonds, Series 2022 (Assessment Area Five Project), consisting of multiple term bonds due from June 15, 2027 to June 15, 2052 with interest rates ranging from 4.25% to 5.15%. The bonds were issued to finance a portion of the cost of the Assessment Area Five Project. Interest is to be paid semiannually on each June 15 and December 15. Principal on the Bonds is to be paid serially commencing June 15, 2023 through June 15, 2052.

The Series 2022 Bonds are subject to redemption prior to maturity at the option of the District, in whole or in part, on any date on or after June 15, 2032. The Series 2022 Bonds are not subject to optional redemption. The Bonds are subject to extraordinary mandatory redemption prior to their selected maturity in the manner determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture.

Series 2022 (Continued)
The Bond Indenture established a debt service reserve requirement as well as other restrictions and requirements relating principally to the use of proceeds to pay for the infrastructure improvements and the procedures to be followed by the District on assessments to property owners. The District agrees to levy special assessments in annual amounts adequate to provide payment of debt service and to meet the reserve requirements. The District was in compliance with the requirements at September 30, 2023.

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

	Beginning
Balance	
Additions	
Reductions	Ending
Balance	Due Within
One Year	
Governmental activities						
Bonds payable:						
Series 2015	$	8,270,000	$	-	$	190,000	$	8,080,000	$	200,000	
Less: Original issue discount	(84,726)	-	(3,530)	(81,196)	-	
Series 2018	3,600,000	-	70,000	3,530,000	75,000	
Series 2019	3,775,000	-	80,000	3,695,000	80,000	
Less: Original issue discount	(7,205)	-	(267)	(6,938)	-	
Series 2021	5,905,000	-	125,000	5,780,000	130,000	
Plus: Original issue premium	106,710	-	3,811	102,899	-	
Series 2022	3,105,000	-	50,000	3,055,000	50,000	
Leases payable	175,945	-	15,375	160,570	16,001	
	$  24,845,724	$	-	$	530,389	$ 24,315,335	$	551,001	
At September 30, 2023, the scheduled debt service requirements on the long-term debt were as follows:

Year ending
	Governmental Activities	
  September 30:	Principal	Interest	Total	
2024	$	535,000	$	933,018	$	1,468,018	
2025	560,000	914,739	1,474,739	
2026	575,000	895,393	1,470,393	
2027	595,000	875,412	1,470,412	
2028	625,000	853,355	1,478,355	
2029-2033	3,570,000	3,878,699	7,448,699	
2034-2038	4,430,000	3,091,470	7,521,470	
2039-2043	5,560,000	2,085,094	7,645,094	
2044-2048	5,795,000	837,519	6,632,519	
2049-2052		1,895,000	86,263	1,981,263 			
Total	 $	24,140,000  $	14,450,962  $	38,590,962 			

NOTE 7 – LEASES
Streetlights
In the prior fiscal year, the District entered into certain leases as a lessee for the use of streetlights that will terminate on April 30, 2033. As of September 30, 2023, the value of the lease liability was $160,570. The District is required to make total monthly fixed payments of $1,844. The value of the right-to-use asset as of September 30, 2023 was $182,172 with an accumulated amortization of $25,808. At the end of the lease term, the District may elect to execute a new agreement based on current estimated replacement cost. The Lessor will retain ownership of the streetlights.
NOTE 7 – LEASES (Continued)

Streetlights (Continued)
The scheduled payments for years ending after September 30, 2023 are as follows

Year ending

	Governmental Activities	
  September 30:	Principal	Interest	Total	
2024	$	16,001	$	6,132	$	22,133	
2025	16,653	5,480	22,133	
2026	17,332	4,801	22,133	
2027	18,038	4,095	22,133	
2028	18,773	3,360	22,133	
2029-2032		73,773	8,896	82,669 			
Total	 $	160,570	$	32,764	$	193,334 			

NOTE 8 – INTERLOCAL
The District and/or the Developer have conveyed certain rights-of-ways (the “City ROW”) to the City of Orlando, Florida (the “City”) and may or will convey others in the future (the “Future City ROW”). However, there are improvements within the City ROW and the Future City ROW that have been constructed by the District that will not be dedicated to the City (the “Improvements”). Therefore, in order to promote and improve the coordination, overall effectiveness and efficiency of governmental activities and services in and around the District, the District and the City entered into the Interlocal Agreement for Rights-of-Way Maintenance during a prior fiscal year. Per the Interlocal Agreement, the City agreed to perpetually maintain the Improvements at its sole cost. However, the District may, but is not obliged to, perform optional maintenance (landscaping, irrigation, fertilization, pest control, etc) on the Improvements at intervals more frequent than the City’s regular maintenance schedule to enhance the aesthetic quality of the rights-of-ways.

NOTE 9 – DEVELOPER TRANSACTIONS

The Developer owns a portion of land within the District; therefore, assessment revenues in the general and debt service funds include the assessments levied on those lots owned by the Developer. Also see Note 5 above for other developer transactions.
NOTE 10 – CONCENTRATION

The District’s activity is dependent upon the continued involvement of the Developer, the loss of which could have a material adverse effect on the District’s operations.
NOTE 11 – MANAGEMENT COMPANY

The District has contracted with a management company to perform management advisory services, which include financial and accounting 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 12 – 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 have been no settled claims over the past three years.
SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL – GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023

	
Budgeted
	Amounts	 Original & Final	

Actual Amounts	Variance with Final Budget - Positive
(Negative)	
REVENUES
Assessments	
$	1,195,240	
$  1,225,970	
$	30,730	
Interest	-	17,738	17,738	
Total revenues	1,195,240	1,243,708	48,468	

EXPENDITURES
Current:
General government	155,481	141,817	13,664	
Maintenance and operations	979,759	740,722	239,037	
Debt service:				
Principal	-	15,375	(15,375)	
Interest	-	6,758	(6,758)	
Capital outlay	60,000	46,310	13,690	
Total expenditures	1,195,240	950,982	244,258	

Net change in fund balances	

 $	-		

292,726	

 $	292,726 	
Fund balance - beginning			447,025 		
Fund balance - ending		 $	739,751 		

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 appropriations, is in the aggregate. Any budget amendment that increases the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2023.
OTHER INFORMATION – DATA ELEMENTS REQUIRED BY FL STATUTE 218.39(3)(C)
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2023 UNAUDITED

Element	Comments
Number of District employees compensated in the last pay period of the District’s
fiscal year being reported.	3		
Number of independent contractors compensated to whom nonemployee
compensation was paid in the last month of the District’s fiscal year being reported.	
10		
Employee compensation	$3,694		
Independent contractor compensation	$693,171		
Construction projects to begin on or after October 1; ($65K)	Not applicable		

Budget variance report	See the Schedule of Revenues, Expenditures and
Changes in Fund Balance - Budget and Actual - General Fund		
Ad Valorem taxes	Not applicable		
			
Non ad valorem special assessments;			
Special assessment rate for FYE 9/30/2023	
Operation & Maintenance:
Townhome 20'
Townhome 25'
Single Family 32'
Single Family 40'
Single Family 50'
Single Family 60' Debt Service: Series 2015 Townhome 20'
Townhome 25'
Single Family 32'
Single Family 40'
Single Family 50'
Single Family 60'
Series 2018 Townhome 25'
Single Family 32'
Single Family 40'
Single Family 50'
Single Family 60'
Series 2019 Single Family 40'
Single Family 50'
Single Family 60'
Series 2021 Townhome 25'
Single Family 32'
Single Family 40'
Single Family 50'
Single Family 60'
Series 2022 
Townhome 25'
Single Family 32'
Single Family 40'
Single Family 50'
Single Family 60'	

$368.51	
		$460.63	
		$589.61	
		$737.01	
		$921.27	
		$1,105.52	
		
$506.38	
		$632.98	
		$809.57	
		$1,012.77	
		$1,265.96	
		$1,519.15	
		$632.90	
		$810.12	
		$1,012.64	
		$1,265.81	
		$1,518.95	
		$1,012.64	
		$1,265.81	
		$1,518.95	
		$632.98	
		$809.57	
		$1,012.77	
		$1,265.96	
		$1,519.15	
		$632.35	
		$809.41	
		$1,011.76	
		$1,264.70	
		$1,517.64	
Special assessments collected	$2,909,828		
Outstanding Bonds:	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
Storey Park Community Development District City of Orlando, 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 Storey Park Community Development District, City of Orlando, Florida (“District”) as of and for the fiscal year ended September 30, 2023, and the related notes to the financial statements, which collectively comprise the District’s basic financial statements, and have issued our opinion thereon dated June 24, 2024.
Report on Internal Control Over Financial Reporting
In planning and performing our audit of the financial statements, we considered the District’s internal control over financial reporting (internal control) to determine the audit procedures that are appropriate in the circumstances for the purpose of expressing our opinions on the financial statements, but not for the purpose of expressing an opinion on the effectiveness of the District’s internal control. Accordingly, we do not express an opinion on the effectiveness of the District’s internal control.
A deficiency in internal control exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent, or detect and correct misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control, such that there is a reasonable possibility that a material misstatement of the entity’s financial statements will not be prevented, or detected and corrected on a timely basis. A significant deficiency is a deficiency, or a combination of deficiencies, in internal control that is less severe than a material weakness, yet important enough to merit attention by those charged with governance.
Our consideration of internal control was for the limited purpose described in the first paragraph of this section and was not designed to identify all deficiencies in internal control that might be material weaknesses or, significant deficiencies. Given these limitations, during our audit we did not identify any deficiencies in internal control that we consider to be material weaknesses. However, material weaknesses or significant deficiencies may exist that were not identified.
Report on Compliance and Other Matters
As part of obtaining reasonable assurance about whether the District’s financial statements are free from material misstatement, we performed tests of its compliance with certain provisions of laws, regulations, contracts, and agreements, noncompliance with which could have a direct and material effect on the determination of financial statement amounts. However, providing an opinion on compliance with those provisions was not an objective of our audit, and accordingly, we do not express such an opinion. The results of our tests disclosed no instances of noncompliance or other matters that are required to be reported under Government Auditing Standards.
Purpose of this Report

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

June 24, 2024

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

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

In our opinion, the District complied, in all material respects, with the aforementioned requirements for the fiscal year ended September 30, 2023.

This report is intended solely for the information and use of the Legislative Auditing Committee, members of the Florida Senate and the Florida House of Representatives, the Florida Auditor General, management, and the Board of Supervisors of Storey Park Community Development District, City of Orlando, Florida and is not intended to be and should not be used by anyone other than these specified parties.

June 24, 2024

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

We have audited the accompanying basic financial statements of Storey Park Community Development District, City of Orlando, Florida ("District") as of and for the fiscal year ended September 30, 2023 and have issued our report thereon dated June 24, 2024.
Auditor’s Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America; the standards applicable to financial audits contained in Government Auditing Standards, issued by the Comptroller General of the United States; and Chapter 10.550, Rules of the Florida Auditor General.
Other 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 24, 2024, should be considered in conjunction with this management letter.
Purpose of this Letter

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

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

We wish to thank Storey Park Community Development District, City of Orlando, 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 24, 2024
REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS
None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

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

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

A statement as to whether or not corrective actions have been taken to address findings and recommendations made in the preceding annual financial audit report.
There were no significant findings and recommendations made in the preceding annual financial audit report for the fiscal year ended September 30, 2022.
Any recommendations to improve the local governmental entity's financial management.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported for the fiscal year ended September 30, 2023.
Noncompliance with provisions of contracts or grant agreements, or abuse, that have occurred, or are likely to have occurred, that have an effect on the financial statements that is less than material but which warrants the attention of those charged with governance.
There were no such matters discovered by, or that came to the attention of, the auditor, to be reported, for the fiscal year ended September 30, 2023.
The name or official title and legal authority of the District are disclosed in the notes to the financial statements.
The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.
We applied financial condition assessment procedures and no deteriorating financial conditions were noted. 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 26.

Section VI

Section A
RESOLUTION 2024-04

THE ANNUAL APPROPRIATION RESOLUTION OF THE STOREY PARK COMMUNITY DEVELOPMENT DISTRICT (THE “DISTRICT”) RELATING TO THE ANNUAL APPROPRIATIONS AND ADOPTING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2024 AND ENDING SEPTEMBER 30, 2025; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the District Manager has, prior to the fifteenth (15th) day in June, 2024, submitted to the Board of Supervisors (the “Board”) a proposed budget for the next ensuing budget year along with an explanatory and complete financial plan for each fund of the Storey Park Community Development 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 annual budget (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 August 6, 2024, as the date for 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, Section 190.008(2)(a), Florida Statutes, requires that, prior to October 1, of each year, the District 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 STOREY PARK COMMUNITY DEVELOPMENT DISTRICT;

Section 1.	Budget

That the Board of Supervisors has reviewed the District Manager’s Proposed Budget, a copy of which is on file with the office of the District Manager and at the District’s Records Office, and hereby approves certain amendments thereto, as shown in Section 2 below.
That the District Manager’s 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, 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 for Fiscal Year 2024 and/or revised projections for Fiscal Year 2025.

That the adopted budget, as amended, shall be maintained in the office of the District Manager and at the District’s Records Office and identified as “The Budget for Storey Park Community Development District for the Fiscal Year Ending September 30, 2025," as adopted by the Board of Supervisors on August 6, 2024.
Section 2.	Appropriations

There is hereby appropriated out of the revenues of the Storey Park Community Development District, for the fiscal year beginning October 1, 2024, and ending September 30, 2025, the sum of $	 to be raised by the levy of assessments and/or otherwise, which sum is deemed by the Board of Supervisors 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 2015	$	

DEBT SERVICE FUND – SERIES 2018	$	

DEBT SERVICE FUND – SERIES 2019	$	

DEBT SERVICE FUND – SERIES 2021	$	

DEBT SERVICE FUND – SERIES 2022	$	

TOTAL ALL FUNDS	$	

Section 3.	Supplemental Appropriations

The Board may authorize by resolution, supplemental appropriations or revenue changes for any lawful purpose from funds on hand or estimated to be received within the fiscal year as follows:

Board may authorize a transfer of the unexpended balance or portion thereof of any appropriation item.
Board may authorize an appropriation from the unappropriated balance of any fund.

Board may increase any revenue or income budget amount to reflect receipt of any additional unbudgeted monies and make the corresponding change to appropriations or the unappropriated balance.

The District Manager and Treasurer shall have the power within a given fund to authorize the transfer of any unexpected balance of any appropriation item or any portion thereof, provided such transfers do not exceed Ten Thousand ($10,000) Dollars or have the effect of causing more than 10% of the total appropriation of a given program or project to be transferred previously approved transfers included.  Such transfer shall not have the effect of causing a more than
$10,000 or 10% increase, previously approved transfers included, to the original budget appropriation for the receiving program. Transfers within a program or project may be approved by the Board of Supervisors. The District Manager or Treasurer must establish administrative procedures which require information on the request forms proving that such transfer requests comply with this section.

Introduced, considered favorably, and adopted this 6th day of August, 2024.

ATTEST:	STOREY	PARK	COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary
By:	 Its:	

Storey Park
Community  Development  District

Proposed Budget FY2025

Table of Contents

1-3

4-9

10

11

12

13

14

15

16

17

18

19

20
	General Fund

	General Fund Narrative

	Capital Reserve Fund

	Debt Service Fund Series 2015

	Amortization Schedule Series 2015

	Debt Service Fund Series 2018

	Amortization Schedule Series 2018

	Debt Service Fund Series 2019

	Amortization Schedule Series 2019

	Debt Service Fund Series 2021

	Amortization Schedule Series 2021

	Debt Service Fund Series 2022

	Amortization Schedule Series 2022
Storey Park
Community Development District Proposed Budget
FY2025
General Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget		
FY2024	6/30/24	3 Months	9/30/24	FY2025		
Revenues:						
Special Assessments	$	1,191,240	$	1,197,683	$	9,784	$	1,207,467	$	1,191,240	
Interest	$	5,000	$	21,956	$	6,000	$	27,956	$	24,000	
Miscellaneous Revenue	$	-	$	1,831	$	-	$	1,831	$	-	
Carry Forward Surplus*	$	402,507	$	440,691	$	-	$	440,691	$	186,047	
Total Revenues	$	1,598,747	$	1,662,162	$	15,784	$	1,677,946	$	1,401,287	

Expenditures:						
Administrative:						
Supervisor Fees	$	12,000	$	3,000	$	1,600	$	4,600	$	12,000	
FICA Expense	$	918	$	230	$	122	$	352	$	918	
Engineering Fees	$	12,000	$	1,829	$	3,171	$	5,000	$	12,000	
Attorney	$	25,000	$	6,293	$	9,231	$	15,524	$	25,000	
Arbitrage	$	1,800	$	-	$	1,800	$	1,800	$	1,800	
Dissemination	$	17,500	$	13,125	$	4,375	$	17,500	$	18,375	
Annual Audit	$	10,400	$	11,600	$	-	$	11,600	$	10,400	
Trustee Fees	$	17,500	$	-	$	17,500	$	17,500	$	17,500	
Assessment Administration	$	7,500	$	7,500	$	-	$	7,500	$	7,875	
Management Fees	$	45,000	$	33,750	$	11,250	$	45,000	$	47,250	
Information Technology	$	1,800	$	1,350	$	450	$	1,800	$	1,890	
Website Maintenance	$	1,200	$	900	$	300	$	1,200	$	1,260	
Telephone	$	150	$	-	$	50	$	50	$	150	
Postage	$	750	$	317	$	83	$	400	$	750	
Printing & Binding	$	750	$	71	$	54	$	125	$	750	
Insurance	$	7,500	$	6,690	$	-	$	6,690	$	7,359	
Legal Advertising	$	2,500	$	197	$	2,303	$	2,500	$	2,500	
Other Current Charges	$	600	$	438	$	126	$	564	$	600	
Office Supplies	$	100	$	17	$	8	$	25	$	100	
Property Appraiser Fee	$	1,500	$	-	$	-	$	-	$	1,500	
Dues, Licenses & Subscriptions	$	175	$	175	$	-	$	175	$	175	
Total Administrative:	$	166,643	$	87,481	$	52,423	$	139,905	$	170,152	
Operations & Maintenance						
Field Services	$	18,000	$	13,500	$	4,500	$	18,000	$	18,900	
Property Insurance	$	22,500	$	25,093	$	-	$	25,093	$	28,355	
Electric	$	3,000	$	1,030	$	360	$	1,390	$	3,000	
Streetlights	$	294,340	$	180,538	$	67,000	$	247,538	$	263,140	
Water & Sewer	$	30,000	$	17,181	$	6,600	$	23,781	$	56,400	
Landscape Maintenance	$	467,986	$	367,695	$	122,565	$	490,260	$	504,968	
Landscape Contingency	$	20,000	$	6,450	$	6,050	$	12,500	$	20,000	
Lake Maintenance	$	42,425	$	19,233	$	6,411	$	25,644	$	45,300	
Mitigation Monitoring & Maintenance	$	13,750	$	-	$	6,875	$	6,875	$	13,750	
Irrigation Repairs	$	20,000	$	11,889	$	3,111	$	15,000	$	20,000	
Repairs & Maintenance	$	15,000	$	975	$	2,000	$	2,975	$	25,000	
Roadways & Sidewalks	$	15,000	$	3,145	$	4,355	$	7,500	$	15,000	
Trail & Boardwalk Maintenance	$	5,000	$	1,700	$	800	$	2,500	$	5,000	
Dog Park Maintenance	$	3,500	$	3,815	$	885	$	4,700	$	3,500	
Operating Supplies	$	1,500	$	-	$	750	$	750	$	1,500	
Pressure Washing	$	7,500	$	5,200	$	2,300	$	7,500	$	7,500	
Signage	$	8,619	$	3,000	$	1,000	$	4,000	$	8,619	
Enhanced Traffic Enforcement	$	39,500	$	17,893	$	8,173	$	26,066	$	39,500	
Contingency	$	1,977	$	-	$	989	$	989	$	1,977	
Total Operations & Maintenance:	$	1,029,597	$	678,337	$	244,723	$	923,060	$	1,081,409	
Reserves						
Capital Reserve Transfer	$	402,507	$	402,507	$	-	$	402,507	$	149,726	
Total Reserves	$	402,507	$	402,507	$	-	$	402,507	$	149,726	
						
Total Expenditures	$	1,598,747	$	1,168,326	$	297,146	$	1,465,472	$	1,401,287	
						
Excess Revenues (Expenditures)	$	-	$	493,836	$	(281,362)	$	212,473	$	(0)	

*Less 1st Quarter Operating Funds						
				Net Assessment	$	1,191,240	
				Collection Cost (6%)	$76,037	
				Gross Assessment	$1,267,277	
STOREY PARK COMMUNITY DEVELOPMENT DISTRICT
PROJECTED ANNUAL DEBT SERVICE AND O&M ASSESSMENTS FOR EACH PRODUCT TYPE ASSESSMENT AREA 1

Product Type	

No. of Units	
ERUs per Unit	

Total ERUs	Net Annual Debt Assessment Per Unit	Gross Annual Debt Assessment Per Unit	Net Annual O&M Assessment Per Unit	Gross Annual O&M Assessment Per Unit	

Townhome - 20'	
18	
0.40	
7	
$476	
$506	
$345	
$367	
Townhome - 25'	117	0.50	59	$595	$633	$432	$459	
Single Family 32'	171	0.64	109	$761	$810	$552	$588	
Single Family 40'	160	0.80	128	$952	$1,013	$690	$735	
Single Family 50'	161	1.00	161	$1,190	$1,266	$863	$918	
Single Family 60'		46		1.20	55	$1,428	$1,519	$1,036	$1,102	
		673			519					
								
				% of	Gross O&M	Net Debt	Gross Debt	
Product Type	No. of Units	ERUs per Unit	Total ERUs	ERU	Assessments	Assessments	Assessments	

Townhome - 20'	
18	
0.40	
7.20	
0.52%	
$6,611	
$8,568	
$9,115	
Townhome - 25'	117	0.50	58.50	4.24%	$53,714	$69,615	$74,059	
Single Family 32'	171	0.64	109.44	7.93%	$100,486	$130,131	$138,437	
Single Family 40'	160	0.80	128.00	9.27%	$117,527	$152,320	$162,043	
Single Family 50'	161	1.00	161.00	11.66%	$147,828	$191,590	$203,819	
Single Family 60'	46	1.20	55.20	4.00%	$50,684	$65,688	$69,881	
	673.00		519.34	38%	$	476,849	$	617,912	$657,353	

STOREY PARK COMMUNITY DEVELOPMENT DISTRICT
PROJECTED ANNUAL DEBT SERVICE AND O&M ASSESSMENTS FOR EACH PRODUCT TYPE ASSESSMENT AREA 2

Net Annual Debt	Gross Annual	Net Annual O&M	Gross Annual ERUs per	Assessment Per  Debt Assessment  Assessment Per  O&M Assessment										
Product Type	No. of Units	Unit	Total ERUs	Unit		Per Unit	Unit		Per Unit	

Apartments	
0	
0	
0		
$0	
$0		
$0	
$0	
Townhome - 20'	0	0.00	0		$0	$0		$0	$0	
Townhome - 25'	58	0.50	29		$595	$633		$432	$459	
Single Family 32'	60	0.64	38		$761	$810		$552	$588	
Single Family 40'	33	0.80	26		$952	$1,013		$690	$735	
Single Family 50'	96	1.00	96		$1,190	$1,266		$863	$918	
Single Family 60'	15	1.20	18		$1,428	$1,519		$1,036	$1,102	
Single Family 70'		0		0.00	0		$0	$0		$0	$0	
Total		262			208							

Product Type	
No. of Units	
ERUs per Unit	
Total ERUs	% of
ERU	Gross O&M
Assessments	Net Debt
Assessments	Gross Debt
Assessments	

Apartments	
0	
0.00	
0.00	
0.00%	
$0	
$0	
$0.00	
Townhome - 20'	0	0.00	0.00	0.00%	$0	$0	$0.00	
Townhome - 25'	58	0.50	29.00	2.10%	$26,627	$33,911	$36,076	
Single Family 32'	60	0.64	38.40	2.78%	$35,258	$45,691	$48,607	
Single Family 40'	33	0.80	26.40	1.91%	$24,240	$33,316	$35,443	
Single Family 50'	96	1.00	96.00	6.96%	$88,146	$113,037	$120,252	
Single Family 60'	15	1.20	18.00	1.30%	$16,527	$22,845	$24,303	
	262.00		207.80	15%	$	190,798	$	248,800	$264,681	

STOREY PARK COMMUNITY DEVELOPMENT DISTRICT
PROJECTED ANNUAL DEBT SERVICE AND O&M ASSESSMENTS FOR EACH PRODUCT TYPE ASSESSMENT AREA 3

Net Annual Debt	Gross Annual	Net Annual O&M	Gross Annual ERUs per	Assessment Per  Debt Assessment  Assessment Per  O&M Assessment										
Product Type	No. of Units	Unit	Total ERUs	Unit		Per Unit	Unit		Per Unit	

Apartments	
0	
0.00	
0		
$0	
$0		
$0	
$0	
Townhome - 20'	0	0.00	0		$0	$0		$0	$0	
Townhome - 25'	0	0.50	0		$0	$0		$0	$0	
Single Family 32'	0	0.64	0		$0	$0		$0	$0	
Single Family 40'	72	0.80	57.60		$952	$1,013		$690	$735	
Single Family 50'	82	1.00	82.00		$1,190	$1,266		$863	$918	
Single Family 60'	51	1.20	61.20		$1,428	$1,519		$1,036	$1,102	
Single Family 70'		0		0.00	0.00		$0	$0		$0	$0	
Total		205			200.80							

Product Type	
No. of Units	
ERUs per Unit	
Total ERUs	% of
ERU	Gross O&M
Assessments	Net Debt
Assessments	Gross Debt
Assessments	

Apartments	
0	
0.00	
0.00	
0.00%	
$0	
$0	
$0.00	
Townhome - 20'	0	0.00	0.00	0.00%	$0	$0	$0.00	
Townhome - 25'	0	0.50	0.00	0.00%	$0	$0	$0.00	
Single Family 32'	0	0.64	0.00	0.00%	$0	$0	$0.00	
Single Family 40'	72	0.80	57.60	4.17%	$52,887	$68,544	$72,919	
Single Family 50'	82	1.00	82.00	5.94%	$75,291	$97,580	$103,809	
Single Family 60'	51	1.20	61.20	4.43%	$56,193	$72,821	$77,469	
	205.00		200.80	15%	$	184,371	$	238,945	$	254,197	
STOREY PARK COMMUNITY DEVELOPMENT DISTRICT
PROJECTED ANNUAL DEBT SERVICE AND O&M ASSESSMENTS FOR EACH PRODUCT TYPE ASSESSMENT AREA 1

STOREY PARK COMMUNITY DEVELOPMENT DISTRICT
PROJECTED ANNUAL DEBT SERVICE AND O&M ASSESSMENTS FOR EACH PRODUCT TYPE
ASSESSMENT AREA 4 (Parcel K - Phases 1 & 2 )

Product Type	

No. of Units	

ERUs per Unit	

Total ERUs	
Net Annual Debt Assessment Per Unit	
Gross Annual Debt Assessment Per Unit	
Net Annual O&M Assessment Per Unit	
Gross Annual O&M Assessment Per Unit	

Apartments	
0	
0.00	
0	
$0	
$0	
$0	
$0	
Townhome - 20'	0	0.00	0	$0	$0	$0	$0	
Townhome - 25'	86	0.50	43	$595	$633	$432	$459	
Single Family 32'	76	0.64	49	$761	$810	$552	$588	
Single Family 40'	77	0.80	61.60	$952	$1,013	$690	$735	
Single Family 50'	69	1.00	69.00	$1,190	$1,266	$863	$918	
Single Family 60'	49	1.20	58.80	$1,428	$1,519	$1,036	$1,102	
Single Family 70'		0		0.00	  0.00		$0	$0	$0	$0	
Total		357			  281.04 					

Product Type	
No. of Units	
ERUs per Unit	
Total ERUs	% of
ERU	Gross O&M
Assessments	Net Debt
Assessments	Gross Debt
Assessments	

Apartments	
0	
0.00	
0.00	
0.00%	
$0	
$0	
$0.00	
Townhome - 20'	0	0.00	0.00	0.00%	$0	$0	$0.00	
Townhome - 25'	86	0.50	43.00	3.12%	$39,482	$51,170	$54,436	
Single Family 32'	76	0.64	48.64	3.52%	$44,660	$57,836	$61,528	
Single Family 40'	77	0.80	61.60	4.46%	$56,560	$73,304	$77,983	
Single Family 50'	69	1.00	69.00	5.00%	$63,355	$82,110	$87,351	
Single Family 60'	49	1.20	58.80	4.26%	$53,989	$69,965	$74,431	
	357.00		281.04	20%	$	258,046	$	334,385	$	355,729	

STOREY PARK COMMUNITY DEVELOPMENT DISTRICT
PROJECTED ANNUAL DEBT SERVICE AND O&M ASSESSMENTS FOR EACH PRODUCT TYPE ASSESSMENT AREA 5 (Parcel K - Phase 3)

Product Type	

No. of Units	

ERUs per Unit	

Total ERUs	
Net Annual Debt Assessment Per Unit	
Gross Annual Debt Assessment Per Unit	
Net Annual O&M Assessment Per Unit	
Gross Annual O&M Assessment Per Unit	

Apartments	
0	
0.00	
0	
$0	
$0	
$0	
$0	
Townhome - 20'	0	0.00	0	$0	$0	$0	$0	
Townhome - 25'	65	0.50	33	$595	$633	$432	$459	
Single Family 32'	58	0.64	37	$761	$810	$552	$588	
Single Family 40'	43	0.80	34.40	$952	$1,013	$690	$735	
Single Family 50'	54	1.00	54.00	$1,190	$1,266	$863	$918	
Single Family 60'	11	1.20	13.20	$1,428	$1,519	$1,036	$1,102	
Single Family 70'		0		0.00	  0.00		$0	$0	$0	$0	
Total		231			  171.22 					

Product Type	
No. of Units	
ERUs per Unit	
Total ERUs	% of
ERU	Gross O&M
Assessments	Net Debt
Assessments	Gross Debt
Assessments	

Apartments	
0	
0.00	
0.00	
0.00%	
$0	
$0	
$0.00	
Townhome - 20'	0	0.00	0.00	0.00%	$0	$0	$0.00	
Townhome - 25'	65	0.50	32.50	2.35%	$29,841	$38,675	$41,144	
Single Family 32'	58	0.64	37.12	2.69%	$34,083	$44,138	$46,955	
Single Family 40'	43	0.80	34.40	2.49%	$31,586	$40,936	$43,549	
Single Family 50'	54	1.00	54.00	3.91%	$49,582	$64,260	$68,362	
Single Family 60'	11	1.20	13.20	0.96%	$12,120	$15,708	$16,711	
	231.00		171.22	12%	$	157,211	$	203,717	$	216,720	

REVENUES:

Special Assessments

The District will levy a non-ad valorem assessment on all the assessable property (AA1 – AA5) within the District in order to pay for the operating expenditures during the fiscal year.

Interest

The District generates funds from invested funds.

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. The amount is based on 5 supervisors attending 12 meetings during the fiscal year.

FICA Expense

Represents the Employer’s share of Social Security and Medicare taxes withheld from Board of Supervisor checks.

Engineering Fees

The District's Engineer, Poulos & Bennett, will be providing general engineering services to the District, e.g. attendance and preparation for monthly board meetings, review invoices and requisitions, preparation and review of contract specifications and bid documents, and various projects assigned as directed by the Board of Supervisors and the District Manager.

Attorney

The District's Attorney, Latham, Luna, Eden & Beaudine, LLP, will be providing general legal services to the District, e.g. attendance and preparation for monthly Board meetings, preparation and review of agreements and resolutions, and other research as directed by the Board of Supervisors and the District Manager.

Arbitrage

The District will contract with an independent certified public accountant to annually calculate the District’s Arbitrage Rebate Liability on the Series 2015 Special Assessment Revenue Bonds, Series 2021 Special Assessment Revenue Bonds & Series 2022 Special Assessment Bonds. The District has contracted with Grau & Associates for this service.

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. The District has contracted with Governmental Management Services-Central Florida, LLC for this service on Series 2015, 2018, 2019, 2021 & 2022 Special Assessment Bonds.

Annual Audit

The District is required by Florida Statutes to arrange for an independent audit of its financial records by and Independent Certified Public Accounting Firm. The District’s current auditing firm is Grau & Associates.

Trustee Fees

The District will pay annual trustee fees for the Series 2015 Special Assessment Bonds, the Series 2018 Special Assessment Bonds, the Series 2019 Special Assessments Bonds, Series 2021 Special Assessments Bonds and the Series 2022 Special Assessment Bonds held at Regions Bank.

Assessment Administration

The District has contracted with Governmental Management Services-Central Florida, LLC to administer the collection of a Non-Ad Valorem assessment on all assessable property within the District.

Management Fees

The District has contracted with Governmental Management Services-Central Florida, LLC to provide Management, Accounting and Recording Secretary Services for the District. 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

The District has contracted with Governmental Management Services-Central Florida, LLC for costs related to the District’s information systems, which include but are not limited to video conferencing services, cloud storage services and servers, positive pay implementation and programming for fraud protection, accounting software, tablets for meetings, Adobe, Microsoft Office, etc.

Website Maintenance

The District has contracted with Governmental Management Services-Central Florida, LLC for 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.

Telephone

Telephone and fax machine.

Postage

Mailing of Board meeting agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding

Printing and Binding agenda packages for board meetings, printing of computerized checks, correspondence, stationary, envelopes, photocopies and other printed material.

Insurance

The District’s general liability, public officials liability and property insurance coverages. The coverage is provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

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

Miscellaneous office supplies.

Property Appraiser

Represents any fee the District may be charged by Orange County Property Appraiser’s office for assessment administration services.

Dues, Licenses & Subscriptions

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

Operation & Maintenance:

Field Management

Provide onsite field management of contracts for the District such as landscape and lake maintenance. Services to include onsite inspections, meetings with contractors and monitoring of utility accounts, attend Board meetings and receive and respond to property owner phone calls and emails.

Property Insurance

Represents estimated costs for the annual coverage of property insurance. Coverage will be provided by Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Electric

Represents cost of electric for items such as irrigation controllers, monument lighting, etc. and reclaimed water for irrigation of common areas. District currently has three accounts with Duke Energy.

Description	Monthly	Annual	
11647 Epic Avenue	$15	$180	
11868 Dowden Road	$35	$420	
13903 Storey Park Blvd Sign	$45	$540	
Contingency (Approx. 8 Future Meters)		$1,860	
Total		$3,000	

Streetlights

Represents cost of electric for streetlights currently billed to the District and small contingency. District currently has thirteen accounts with Duke Energy.

Description	Monthly	Annual	
000 Dowden Rd. Lite, SL (42)	$1,525	$18,300	
000 Dowden Rd. Ph 2 SL	$225	$2,700	
000 Dowden Rd Ph3 & 4 SL	$825	$9,900	
000 Innovation Way S Ph 1 SL	$600	$7,200	
000 Storey Time Dr. Lite SL L PH1&2 (77)	$3,100	$37,200	
000 Wewahootee Rd. Connector Rd SL	$825	$9,900	
000 Wewahootee Rd. Lite PH4 SL (33)	$1,325	$15,900	
000 Wewahootee Rd. Lite PH3 SL (50)	$2,005	$24,060	
000 Wewahootee Rd. Lite PH1B SL (33)	$1,325	$15,900	
00 State Road 528 Lite	$1,525	$18,300	
0000 State Road 528 Lite	$1,040	$12,480	
0000 State Road 528 Lite SP L PH3	$1,325	$15,900	
0 Dowden Rd. Lite Parcel K Ph1 SL (58)	$2,050	$24,600	
00 Dowden Rd. Lite Parcel K Ph2 SL (44)	$1,650	$19,800	
0000 Dowden Road SL (47)	$1,750	$21,000	
Contingency		$10,000	
Total		$263,140	

Water & Sewer

Represents cost of reclaimed water within the common areas of the District. District currently has one master account with Orange County Utilities that covers four service locations.

Description	Monthly	Annual	
Orange County Utilities Acct#4516746301	$2,200	$26,400	
11002 History Avenue			
11354 Dowden Road			
11548 Thriller Lane			
11801 Imaginary Way			
11810 Sonnet Avenue			
11836 Prologue Avenue			
11883 Prologue Avenue			
11943 Hometown Place			
12069 Satire Street			
12094 Ballad Place			
12181 Philosophy Way			
12281 Satire Street			
12330 Folklore Lane			
Future Areas		$30,000	
Total		$56,400	

Landscape Maintenance

The District will maintain the landscaping within the common areas of the District after installation of landscape material has been completed. Amount budgeted represents current areas being maintained and a contingency for areas due to come online during fiscal year. District has contracted with OmegaScapes for this service.

Description	Monthly	Annual	
Landscape Maintenance	$40,855	$490,260	
Contingency		$14,708	
Total		$504,968	

Landscape Contingency

Represents estimated costs for any additional services not included in the landscape contract.

Lake Maintenance

Represents cost for maintaining 17 stormwater retention ponds within the District boundaries. The District has contracted with Applied Aquatic Management Inc. for these services.

Description	Monthly	Annual	
Lake Maintenance:
17 Stormwater Retention Ponds	
$3,775	
$45,300	
Total	$45,300		

Mitigation Monitoring & Maintenance

Represents estimated costs for environmental monitoring, reporting and maintenance of mitigation areas within the District boundaries.

Irrigation Repairs

Represents estimated costs for repairs to the irrigation system.

Repairs & Maintenance

Represents any miscellaneous repairs throughout the fiscal year to the common areas maintained by the District that are not covered under any other expense line item.

Roadways & Sidewalks

Represented estimated costs for any maintenance of roadways and sidewalks.

Trail & Boardwalk Maintenance

Represents estimated costs for any maintenance to the trail and boardwalk.

Dog Park Maintenance

Represents estimated costs for any maintenance to the dog park.

Operating Supplies

Represents estimated costs of supplies purchased for operating and maintaining the District.

Pressure Washing

Represents estimated cost to pressure wash areas within the District’s boundaries.

Signage

Represents estimated cost to maintain all signs.

Enhanced Traffic Enforcement

Represents proposed costs from Orlando Police Department to provide traffic enforcement 3 days a week by an officer for 4 hours each day.

Contingency

Represents estimated costs for any maintenance expenses not properly classified in any of the other accounts.

Transfer Out – Capital Reserve

Represents proposed amount to transfer to Capital Reserve Fund.
Capital Reserve Fund

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues:						
Transfer In	$	402,507	$	402,507	$	-	$	402,507	$	149,726	
Interest	$	1,200	$	3,384	$	4,050	$	7,434	$	12,000	
Total Revenues	$	403,707	$	405,891	$	4,050	$	409,941	$	161,726	

Expenditures:						
Contingency	$	-	$	114	$	114	$	228	$	600	
Capital Outlay	$	-	$	47,000	$	-	$	47,000	$	-	
Total Expenditures	$	-	$	47,114	$	114	$	47,228	$	600	
						
Excess Revenues (Expenditures)	$	403,707	$	358,777	$	3,936	$	362,713	$	161,126	
						
Fund Balance - Beginning	$	-	$	-	$	-	$	-	$	362,713	
						
Fund Balance - Ending	$	403,707	$	358,777	$	3,936	$	362,713	$	523,839	

FY2024 Capital Outlay Expenses	
Description	Amount	
Fausnight Stripe & Line, Inc.
Parcel K - Qty. 235 No Parking Signs 12" x 18"	$	47,000	
Total	$	47,000	
Debt Service Fund Series 2015

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues:						
Special Assessments	$	616,298	$	619,692	$	5,062	$	624,754	$	616,298	
Interest	$	12,500	$	30,254	$	8,200	$	38,454	$	30,000	
Carry Forward Surplus	$	517,933	$	530,893	$	-	$	530,893	$	593,045	
Total Revenues	$	1,146,731	$	1,180,839	$	13,262	$	1,194,102	$	1,239,343	

Expenditures:						
Series 2015
Interest - 11/01	

$	202,781	

$	202,778	

$	-	

$	202,778	

$	198,281	
Principal - 11/01	$	200,000	$	200,000	$	-	$	200,000	$	205,000	
Interest - 05/01	$	198,281	$	198,278	$	-	$	198,278	$	193,669	
Total Expenditures	$	601,063	$	601,056	$	-	$	601,056	$	596,950	
						
Excess Revenues (Expenditures)	$	545,669	$	579,783	$	13,262	$	593,045	$	642,393	

Principal - 11/1/2025	

$215,000	
				Interest - 11/1/2025	$193,669	
				Total	$408,669	
				
Net Assessment	
$616,298	
				Collection Cost (6%)	$39,338	
				Gross Assessment	$655,636	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Apartments	0	$0	$0	
		Townhome - 20'	18	$506	$9,108	
		Townhome - 25'	117	$633	$74,061	
		Single Family - 32'	170	$810	$137,700	
		Single Family - 40'	159	$1,013	$161,067	
		Single Family - 50'	161	$1,266	$203,826	
		Single Family - 60'	46	$1,519	$69,874	
		Total	671		$655,636	
		Commercial	82	$0	$0	
Storey Park Community Development District Series 2015, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

11/1/24
5/1/25
11/1/25
5/1/26
11/1/26
5/1/27
11/1/27
5/1/28
11/1/28
5/1/29
11/1/29
5/1/30
11/1/30
5/1/31
11/1/31
5/1/32
11/1/32
5/1/33
11/1/33
5/1/34
11/1/34
5/1/35
11/1/35
5/1/36
11/1/36
5/1/37
11/1/37
5/1/38
11/1/38
5/1/39
11/1/39
5/1/40
11/1/40
5/1/41
11/1/41
5/1/42
11/1/42
5/1/43
11/1/43
5/1/44
11/1/44
$ 7,880,000
$ 7,675,000
$ 7,675,000
$ 7,235,000
$ 7,235,000
$ 7,235,000
$ 7,235,000
$ 7,000,000
$ 7,000,000
$ 6,750,000
$ 6,750,000
$ 6,490,000
$ 6,490,000
$ 6,215,000
$ 6,215,000
$ 5,930,000
$ 5,930,000
$ 5,630,000
$ 5,630,000
$ 5,315,000
$ 5,315,000
$ 4,980,000
$ 4,980,000
$ 4,630,000
$ 4,630,000
$ 4,265,000
$ 4,265,000
$ 3,880,000
$ 3,880,000
$ 3,475,000
$ 3,475,000
$ 3,050,000
$ 3,050,000
$ 2,605,000
$ 2,605,000
$ 2,135,000
$ 2,135,000
$ 1,640,000
$ 1,640,000
$ 1,120,000
$ 1,120,000
$  205,000
$	-
$  215,000
$	-
$  225,000
$	-
$  235,000
$	-
$  250,000
$	-
$  260,000
$	-
$  275,000
$	-
$  285,000
$	-
$  300,000
$	-
$  315,000
$	-
$  335,000
$	-
$  350,000
$	-
$  365,000
$	-
$  385,000
$	-
$  405,000
$	-
$  425,000
$	-
$  445,000
$	-
$  470,000
$	-
$  495,000
$	-
$  520,000
$	-
$  545,000
403,281.25
- 602,337.50
- 602,662.50
- 602,537.50
- 605,787.50
- 603,287.50
- 605,287.50
- 601,537.50
- 602,287.50
- 602,287.50
- 606,537.50
- 604,787.50
- 602,287.50
- 603,581.25
- 603,850.00
- 603,093.75
- 601,312.50
- 603,506.25
- 604,418.75
- 604,050.00
- 602,400.00
5/1/45
11/1/45
$  575,000
$  575,000
$	-
$  575,000
- 604,468.75

Storey Park
Community Development District Proposed Budget
FY2025
Debt Service Fund Series 2018

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues:						
Special Assessments	$	248,827	$	249,532	$	2,038	$	251,570	$	248,827	
Interest	$	4,500	$	9,762	$	2,400	$	12,162	$	8,000	
Carry Forward Surplus	$	128,252	$	134,130	$	-	$	134,130	$	150,406	
Total Revenues	$	381,579	$	393,424	$	4,438	$	397,862	$	407,233	

Expenditures:						
Series 2018
Interest - 12/15	

$	86,228	

$	86,228	

$	-	

$	86,228	

$	84,588	
Principal - 06/15	$	75,000	$	75,000	$	-	$	75,000	$	80,000	
Interest - 06/15	$	86,228	$	86,228	$	-	$	86,228	$	84,588	
Total Expenditures	$	247,456	$	247,456	$	-	$	247,456	$	249,175	
						
Excess Revenues (Expenditures)	$	134,123	$	145,968	$	4,438	$	150,406	$	158,058	

Interest - 12/15/2025	

$82,838	
				Total	$82,838	
				
Net Assessment	
$248,827	
				Collection Cost (6%)	$15,883	
				Gross Assessment	$264,710	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Townhome - 25'	57	$633	$36,081	
		Single Family - 32'	60	$810	$48,600	
		Single Family - 40'	35	$1,013	$35,455	
		Single Family - 50'	95	$1,266	$120,270	
		Single Family - 60'	16	$1,519	$24,304	
		Total	263		$264,710	
Storey Park Community Development District Series 2018, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

12/15/24
6/15/25
12/15/25
6/15/26
12/15/26
6/15/27
12/15/27
6/15/28
12/15/28
6/15/29
12/15/29
6/15/30
12/15/30
6/15/31
12/15/31
6/15/32
12/15/32
6/15/33
12/15/33
6/15/34
12/15/34
6/15/35
12/15/35
6/15/36
12/15/36
6/15/37
12/15/37
6/15/38
12/15/38
6/15/39
12/15/39
6/15/40
12/15/40
6/15/41
12/15/41
6/15/42
12/15/42
6/15/43
12/15/43
6/15/44
$ 3,455,000
$ 3,455,000
$ 3,375,000
$ 3,375,000
$ 3,295,000
$ 3,295,000
$ 3,210,000
$ 3,210,000
$ 3,120,000
$ 3,120,000
$ 3,025,000
$ 3,025,000
$ 2,925,000
$ 2,925,000
$ 2,820,000
$ 2,820,000
$ 2,710,000
$ 2,710,000
$ 2,595,000
$ 2,595,000
$ 2,475,000
$ 2,475,000
$ 2,350,000
$ 2,350,000
$ 2,220,000
$ 2,220,000
$ 2,080,000
$ 2,080,000
$ 1,935,000
$ 1,935,000
$ 1,780,000
$ 1,780,000
$ 1,620,000
$ 1,620,000
$ 1,450,000
$ 1,450,000
$ 1,270,000
$ 1,270,000
$ 1,085,000
$ 1,085,000
$	-
$	80,000
$	-
$	80,000
$	-
$	85,000
$	-
$	90,000
$	-
$	95,000
$	-
$  100,000
$	-
$  105,000
$	-
$  110,000
$	-
$  115,000
$	-
$  120,000
$	-
$  125,000
$	-
$  130,000
$	-
$  140,000
$	-
$  145,000
$	-
$  155,000
$	-
$  160,000
$	-
$  170,000
$	-
$  180,000
$	-
$  185,000
$	-
$  195,000
84,587.50
- 247,425.00
- 243,925.00
- 245,315.63
- 246,487.50
- 247,203.13
- 247,450.00
- 247,453.13
- 247,212.50
- 246,728.13
- 246,000.00
- 245,028.13
- 243,812.50
- 247,231.25
- 245,284.38
- 247,875.00
- 245,000.00
- 246,750.00
- 248,000.00
- 243,875.00
-
12/15/44
6/15/45
12/15/45
6/15/46
12/15/46
6/15/47
12/15/47
6/15/48
$  890,000
$  890,000
$  685,000
$  685,000
$  470,000
$  470,000
$  240,000
$  240,000
$	-
$  205,000
$	-
$  215,000
$	-
$  230,000
$	-
$  240,000
244,375.00
- 244,375.00
- 243,875.00
- 247,750.00
246,000.00

Storey Park
Community Development District Proposed Budget
FY2025
Debt Service Fund Series 2019

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues:						
Special Assessments	$	238,964	$	240,215	$	1,962	$	242,177	$	238,964	
Interest	$	5,500	$	11,817	$	2,400	$	14,217	$	10,000	
Carry Forward Surplus	$	123,195	$	130,215	$	-	$	130,215	$	150,073	
Total Revenues	$	367,659	$	382,248	$	4,362	$	386,610	$	399,037	

Expenditures:						
Series 2019
Interest - 12/15	

$	78,269	

$	78,269	

$	-	

$	78,269	

$	76,869	
Principal - 06/15	$	80,000	$	80,000	$	-	$	80,000	$	85,000	
Interest - 06/15	$	78,269	$	78,269	$	-	$	78,269	$	76,869	
Total Expenditures	$	236,538	$	236,538	$	-	$	236,538	$	238,738	
						
Excess Revenues (Expenditures)	$	131,122	$	145,710	$	4,362	$	150,073	$	160,299	

Interest - 12/15/2025	

$75,275	
				Total	$75,275	
				
Net Assessment	
$238,964	
				Collection Cost (6%)	$15,253	
				Gross Assessment	$254,217	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Single Family - 40'	72	$1,013	$72,936	
		Single Family - 50'	82	$1,266	$103,812	
		Single Family - 60'	51	$1,519	$77,469	
		Total	205		$254,217	
Storey Park Community Development District Series 2019, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

12/15/24
6/15/25
12/15/25
6/15/26
12/15/26
6/15/27
12/15/27
6/15/28
12/15/28
6/15/29
12/15/29
6/15/30
12/15/30
6/15/31
12/15/31
6/15/32
12/15/32
6/15/33
12/15/33
6/15/34
12/15/34
6/15/35
12/15/35
6/15/36
12/15/36
6/15/37
12/15/37
6/15/38
12/15/38
6/15/39
12/15/39
6/15/40
12/15/40
6/15/41
12/15/41
6/15/42
12/15/42
6/15/43
12/15/43
6/15/44
12/15/44
6/15/45
$ 3,615,000
$ 3,615,000
$ 3,530,000
$ 3,530,000
$ 3,440,000
$ 3,440,000
$ 3,350,000
$ 3,350,000
$ 3,255,000
$ 3,255,000
$ 3,155,000
$ 3,155,000
$ 3,055,000
$ 3,055,000
$ 2,950,000
$ 2,950,000
$ 2,840,000
$ 2,840,000
$ 2,725,000
$ 2,725,000
$ 2,605,000
$ 2,605,000
$ 2,480,000
$ 2,480,000
$ 2,350,000
$ 2,350,000
$ 2,215,000
$ 2,215,000
$ 2,070,000
$ 2,070,000
$ 1,920,000
$ 1,920,000
$ 1,765,000
$ 1,765,000
$ 1,600,000
$ 1,600,000
$ 1,430,000
$ 1,430,000
$ 1,250,000
$ 1,250,000
$ 1,065,000
$ 1,065,000
$	-
$	85,000
$	-
$	90,000
$	-
$	90,000
$	-
$	95,000
$	-
$  100,000
$	-
$  100,000
$	-
$  105,000
$	-
$  110,000
$	-
$  115,000
$	-
$  120,000
$	-
$  125,000
$	-
$  130,000
$	-
$  135,000
$	-
$  145,000
$	-
$  150,000
$	-
$  155,000
$	-
$  165,000
$	-
$  170,000
$	-
$  180,000
$	-
$  185,000
$	-
$  195,000
76,868.75
- 237,143.75
- 238,862.50
- 235,487.50
- 237,018.75
- 238,362.50
- 234,362.50
- 235,006.25
- 235,437.50
- 235,656.25
- 235,662.50
- 235,456.25
- 235,037.50
- 234,406.25
- 238,456.25
- 237,187.50
- 235,609.38
- 238,609.38
- 236,281.25
- 238,625.00
- 235,640.63
-
12/15/45
6/15/46
12/15/46
6/15/47
12/15/47
6/15/48
12/15/48
6/15/49
$  870,000
$  870,000
$  665,000
$  665,000
$  450,000
$  450,000
$  230,000
$  230,000
$	-
$  205,000
$	-
$  215,000
$	-
$  220,000
$	-
$  230,000
237,328.13
- 238,578.13
- 239,390.63
- 234,875.00
235,031.25

Storey Park
Community Development District Proposed Budget
FY2025
Debt Service Fund Series 2021

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues:						
Special Assessments	$	334,300	$	336,188	$	2,746	$	338,934	$	334,300	
Interest	$	6,750	$	14,580	$	3,600	$	18,180	$	12,500	
Carry Forward Surplus	$	126,768	$	131,376	$	-	$	131,376	$	144,638	
Total Revenues	$	467,818	$	482,144	$	6,346	$	488,490	$	491,438	

Expenditures:						
Series 2021
Interest - 12/15	

$	101,481	

$	101,481	

$	-	

$	101,481	

$	99,938	
Principal - 06/15	$	130,000	$	130,000	$	-	$	130,000	$	135,000	
Interest - 06/15	$	101,481	$	101,481	$	-	$	101,481	$	99,938	
Total Expenditures	$	332,963	$	332,963	$	-	$	332,963	$	334,875	

Other Sources/(Uses)						
Transfer In/(Out)	$	-	$	(8,789)	$	(2,100)	$	(10,889)	$	(8,400)	
Total Other Financing Sources (Uses)	$	-	$	(8,789)	$	(2,100)	$	(10,889)	$	(8,400)	
						
Excess Revenues (Expenditures)	$	134,856	$	140,392	$	4,246	$	144,638	$	148,163	

Interest - 12/15/2025	

$98,334	
				Total	$98,334	
				
Net Assessment	
$334,437	
				Collection Cost (6%)	$21,347	
				Gross Assessment	$355,784	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Townhome - 25'	86	$633	$54,438	
		Single Family - 32'	76	$810	$61,560	
		Single Family - 40'	77	$1,013	$78,001	
		Single Family - 50'	69	$1,266	$87,354	
		Single Family - 60'	49	$1,519	$74,431	
		Total	357		$355,784	
Storey Park Community Development District Series 2021, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

12/15/24
6/15/25
12/15/25
6/15/26
12/15/26
6/15/27
12/15/27
6/15/28
12/15/28
6/15/29
12/15/29
6/15/30
12/15/30
6/15/31
12/15/31
6/15/32
12/15/32
6/15/33
12/15/33
6/15/34
12/15/34
6/15/35
12/15/35
6/15/36
12/15/36
6/15/37
12/15/37
6/15/38
12/15/38
6/15/39
12/15/39
6/15/40
12/15/40
6/15/41
12/15/41
6/15/42
12/15/42
6/15/43
12/15/43
6/15/44
12/15/44
6/15/45
12/15/45
6/15/46
12/15/46
6/15/47
12/15/47
6/15/48
$ 5,650,000
$ 5,650,000
$ 5,515,000
$ 5,515,000
$ 5,380,000
$ 5,380,000
$ 5,240,000
$ 5,240,000
$ 5,095,000
$ 5,095,000
$ 4,945,000
$ 4,945,000
$ 4,790,000
$ 4,790,000
$ 4,630,000
$ 4,630,000
$ 4,465,000
$ 4,465,000
$ 4,295,000
$ 4,295,000
$ 4,120,000
$ 4,120,000
$ 3,940,000
$ 3,940,000
$ 3,755,000
$ 3,755,000
$ 3,565,000
$ 3,565,000
$ 3,365,000
$ 3,365,000
$ 3,160,000
$ 3,160,000
$ 2,950,000
$ 2,950,000
$ 2,730,000
$ 2,730,000
$ 2,505,000
$ 2,505,000
$ 2,270,000
$ 2,270,000
$ 2,025,000
$ 2,025,000
$ 1,770,000
$ 1,770,000
$ 1,505,000
$ 1,505,000
$ 1,230,000
$ 1,230,000
$	-
$  135,000
$	-
$  135,000
$	-
$  140,000
$	-
$  145,000
$	-
$  150,000
$	-
$  155,000
$	-
$  160,000
$	-
$  165,000
$	-
$  170,000
$	-
$  175,000
$	-
$  180,000
$	-
$  185,000
$	-
$  190,000
$	-
$  200,000
$	-
$  205,000
$	-
$  210,000
$	-
$  220,000
$	-
$  225,000
$	-
$  235,000
$	-
$  245,000
$	-
$  255,000
$	-
$  265,000
$	-
$  275,000
$	-
$  290,000
99,938
- 333,272
- 330,066
- 331,450
- 332,353
- 333,113
- 333,728
- 334,200
- 334,178
- 333,650
- 332,958
- 332,100
- 331,078
- 329,890
- 333,455
- 331,773
- 329,925
- 332,830
- 329,700
- 330,500
- 330,900
- 330,900
- 330,500
- 329,700
-
12/15/48
6/15/49
12/15/49
6/15/50
12/15/50
6/15/51
$  940,000
$  940,000
$  640,000
$  640,000
$  325,000
$  325,000
$	-
$  300,000
$	-
$  315,000
$	-
$  325,000
333,400
- 331,600
- 334,300
331,500

Storey Park
Community Development District Proposed Budget
FY2025
Debt Service Fund Series 2022

Adopted
Budget	Actual
Thru	Projected
Next	Total
Projected	Proposed
Budget	
FY2024	6/30/24	3 Months	9/30/24	FY2025	

Revenues:						
Special Assessments	$	203,549	$	204,615	$	1,672	$	206,287	$	203,549	
Interest	$	5,000	$	8,668	$	2,400	$	11,068	$	8,000	
Carry Forward Surplus	$	86,209	$	83,047	$	-	$	83,047	$	91,862	
Total Revenues	$	294,758	$	296,330	$	4,072	$	300,402	$	303,411	

Expenditures:						
Series 2022
Interest - 12/15	

$	75,921	

$	75,921	

$	-	

$	75,921	

$	74,859	
Principal - 06/15	$	50,000	$	50,000	$	-	$	50,000	$	55,000	
Interest - 06/15	$	75,921	$	75,921	$	-	$	75,921	$	74,859	
Total Expenditures	$	201,843	$	201,843	$	-	$	201,843	$	204,718	

Other Sources/(Uses)						
Transfer In/(Out)	$	-	$	(5,347)	$	(1,350)	$	(6,697)	$	(5,400)	
Total Other Financing Sources (Uses)	$	-	$	(5,347)	$	(1,350)	$	(6,697)	$	(5,400)	
						
Excess Revenues (Expenditures)	$	92,916	$	89,141	$	2,722	$	91,862	$	93,294	

Interest - 12/15/2025	

$73,690	
				Total	$73,690	
				
Net Assessment	
$203,714	
				Collection Cost (6%)	$13,003	
				Gross Assessment	$216,717	
						
		Property Type	Units	Gross Per Unit	Gross Total	
		Townhome - 25'	65	$633	$41,127	
		Single Family - 32'	58	$810	$46,973	
		Single Family - 40'	43	$1,013	$43,553	
		Single Family - 50'	54	$1,266	$68,361	
		Single Family - 60'	11	$1,519	$16,704	
		Total	231		$216,717	
Storey Park Community Development District Series 2022, Special Assessment Bonds (Term Bonds Combined)

Amortization Schedule

12/15/24	$ 3,005,000	$	-	$	74,858.75	$	74,859	
6/15/25	$ 3,005,000	$	55,000	$	74,858.75	$	-	
12/15/25	$ 2,950,000	$	-	$	73,690.00	$	203,549	
6/15/26	$ 2,950,000	$	55,000	$	73,690.00	$	-	
12/15/26	$ 2,895,000	$	-	$	72,521.25	$	201,211	
6/15/27	$ 2,895,000	$	55,000	$	72,521.25	$	-	
12/15/27	$ 2,840,000	$	-	$	71,352.50	$	198,874	
6/15/28	$ 2,840,000	$	60,000	$	71,352.50	$	-	
12/15/28	$ 2,780,000	$	-	$	70,002.50	$	201,355	
6/15/29	$ 2,780,000	$	65,000	$	70,002.50	$	-	
12/15/29	$ 2,715,000	$	-	$	68,540.00	$	203,543	
6/15/30	$ 2,715,000	$	65,000	$	68,540.00	$	-	
12/15/30	$ 2,650,000	$	-	$	67,077.50	$	200,618	
6/15/31	$ 2,650,000	$	70,000	$	67,077.50	$	-	
12/15/31	$ 2,580,000	$	-	$	65,502.50	$	202,580	
6/15/32	$ 2,580,000	$	70,000	$	65,502.50	$	-	
12/15/32	$ 2,510,000	$	-	$	63,927.50	$	199,430	
6/15/33	$ 2,510,000	$	75,000	$	63,927.50	$	-	
12/15/33	$ 2,435,000	$	-	$	62,052.50	$	200,980	
6/15/34	$ 2,435,000	$	80,000	$	62,052.50	$	-	
12/15/34	$ 2,355,000	$	-	$	60,052.50	$	202,105	
6/15/35	$ 2,355,000	$	85,000	$	60,052.50	$	-	
12/15/35	$ 2,270,000	$	-	$	57,927.50	$	202,980	
6/15/36	$ 2,270,000	$	85,000	$	57,927.50	$	-	
12/15/36	$ 2,185,000	$	-	$	55,802.50	$	198,730	
6/15/37	$ 2,185,000	$	90,000	$	55,802.50	$	-	
12/15/37	$ 2,095,000	$	-	$	53,552.50	$	199,355	
6/15/38	$ 2,095,000	$	95,000	$	53,552.50	$	-	
12/15/38	$ 2,000,000	$	-	$	51,177.50	$	199,730	
6/15/39	$ 2,000,000	$  100,000  $	51,177.50  $	-			
12/15/39	$ 1,900,000	$	-	$	48,677.50  $	199,855			
6/15/40	$ 1,900,000	$  105,000  $	48,677.50  $	-			
12/15/40	$ 1,795,000	$	-	$	46,052.50  $	199,730			
6/15/41	$ 1,795,000	$  110,000  $	46,052.50  $	-			
12/15/41	$ 1,685,000	$	-	$	43,302.50  $	199,355			
6/15/42	$ 1,685,000	$  115,000  $	43,302.50  $	-			
12/15/42	$ 1,570,000	$	-	$	40,427.50  $	198,730			
6/15/43	$ 1,570,000	$  125,000  $	40,427.50  $	-			
12/15/43	$ 1,445,000	$	-	$	37,208.75  $	202,636			
6/15/44	$ 1,445,000	$  130,000  $	37,208.75  $	-			
12/15/44	$ 1,315,000	$	-	$	33,861.25  $	201,070			
6/15/45	$ 1,315,000	$  135,000  $	33,861.25  $	-			
12/15/45	$ 1,180,000	$	-	$	30,385.00  $	199,246			
6/15/46	$ 1,180,000	$  145,000  $	30,385.00  $	-			
12/15/46	$ 1,035,000	$	-	$	26,651.25  $	202,036			
6/15/47	$ 1,035,000	$  150,000  $	26,651.25  $	-			
12/15/47	$  885,000	$	-	$	22,788.75  $	199,440			
6/15/48	$  885,000	$  160,000  $	22,788.75  $	-			
12/15/48	$  725,000	$	-	$	18,668.75  $	201,458			
6/15/49	$  725,000	$  170,000  $	18,668.75  $	-			
12/15/49	$  555,000	$	-	$	14,291.25  $	202,960			
6/15/50	$  555,000	$  175,000  $	14,291.25  $	-			
12/15/50	$  380,000	$	-	$	9,785.00  $	199,076			
6/15/51	$  380,000	$  185,000  $	9,785.00  $	-			
12/15/51	$  195,000	$	-	$	5,021.25  $	199,806			
6/15/52	$  195,000	$  195,000  $	5,021.25  $	-			
12/15/52	$	-
$	-	$
-	$	200,021

Section B
RESOLUTION 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE STOREY PARK COMMUNITY DEVELOPMENT DISTRICT IMPOSING SPECIAL ASSESSMENTS AND CERTIFYING AN ASSESSMENT ROLL; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Storey Park Community Development District (“the 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 Orange County, Florida (the “County”); and

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

WHEREAS, the Board of Supervisors of the District (“Board”) hereby determines to undertake various operations and maintenance activities described in the District’s budget for Fiscal Year 2024-2025 (“Operations and Maintenance Budget”), 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 District’s budget for Fiscal Year 2024-2025; 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, the District has previously levied an assessment for debt service, a portion of which the District desires to collect on the tax roll for platted lots, pursuant to the Uniform Method (defined below) and which is also indicated on Exhibit “A”, and the remaining portion of which the District desires to levy and directly collect on the remaining unplatted lands; 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

WHEREAS, the District has previously evidenced its intention to utilize this Uniform Method and has approved an Agreement with the County Tax Collector to provide for the collection of the special assessments under the Uniform Method; and
WHEREAS, it is in the best interests of the District to collected special assessments for operations and maintenance on platted lots using the Uniform Method and to directly collect from the remaining unplatted property reflecting their portion of the District’s operations and maintenance expenses, as set forth in the budget; and

WHEREAS, it is in the best interests of the District to adopt the Assessment Roll of the Storey Park Community Development District (the “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 portion of the Assessment Roll on platted property to the County Tax Collector pursuant to the Uniform Method and to directly collect the remaining portion on the unplatted property; and
WHEREAS, it is in the best interests of the District to permit the District Manager to amend, from time to time, the Assessment Roll adopted herein, including that portion 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 STOREY PARK COMMUNITY DEVELOPMENT DISTRICT:

SECTION 1.	INCORPORATION OF RECITALS AND AUTHORITY.	The
recitals stated above are true and correct and by this reference are incorporated by reference as a material part of this Resolution. The Resolution is adopted pursuant to the provisions of Florida Law, including Chapter 170, 190 and 197, Florida Statutes.
SECTION 2. BENEFIT. The provision of the services, facilities, and operations as described in Exhibit “A” confer a special and peculiar benefit to the lands within the District, which benefits exceed or equal the costs of the assessments. The allocation of the costs to the specially benefitted lands is shown in Exhibits “A” and “B.”

SECTION 3. ASSESSMENT IMPOSITION. A special assessment for operation and maintenance as provided for in Chapter 190, Florida Statutes, is hereby imposed and levied on benefitted lands within the District in accordance with Exhibit “B.” The lien of the special assessments for operations and maintenance imposed and levied by this Resolution shall be effective upon passage of this Resolution.

SECTION 4. COLLECTION. The collection of the previously levied debt service assessments and operation and maintenance special assessments on platted lots and developed lands shall be at the same time and in the same manner as County taxes in accordance with the Uniform Method, as set forth in Exhibits “A” and “B.” The previously levied debt services assessments and operations and maintenance assessments on undeveloped and unplatted lands will be collected directly by the District in accordance with Florida law, as set forth in Exhibits “A” and “B.” Assessments directly collected by the District are due according to the flowing schedule: 50% due no later than November 1, 2024, 25% due no later than February 1, 2025 and
25% due no later than May 1, 2025. In the event that an assessment payment is not made in accordance with the schedule stated above, such assessment and any future scheduled assessment payments due for Fiscal Year 2025 shall be delinquent and shall accrue penalties and interest in the amount of one percent (1%) per month plus all costs of collection and enforcement, and shall either be enforced pursuant to a foreclosure action, or, at the District’s discretion, collected pursuant to the Uniform Method on a future tax bill, which amount may include penalties, interest, and costs of collection and enforcement. In the event as assessment subject to direct collection by the District shall be delinquent, the District Manager and District Counsel, without further authorization by the Board, may initiate foreclosure proceedings to collect and enforce the delinquent and remaining assessments. Notwithstanding the foregoing, any assessments which, by operation of law or otherwise, have been accelerated for non-payment, are not certified by this Resolution.
SECTION 5.	CERTIFICATION OF ASSESSMENT ROLL.	The District’s
Assessment Roll, attached to this Resolution as Exhibit “B,” is hereby certified. That portion of the District’s Assessment Roll which includes developed lands and platted lots 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 there from shall be paid to the Storey Park Community Development District.

SECTION 6. ASSESSMENT ROLL AMENDMENT. The District Manager shall keep appraised of all updates made to the County property roll by Property Appraiser after the date of this Resolution, and shall amend the District’s 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 to the tax roll in the District records.
SECTION 7. 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 8. EFFECTIVE DATE. This Resolution shall take effect upon the passage and adoption of this Resolution by the Board of Supervisors of the Storey Park Community Development District.

PASSED AND ADOPTED this 6th day of August, 2024.

ATTEST:	STOREY	PARK	COMMUNITY DEVELOPMENT DISTRICT

Secretary/Assistant Secretary
By:	 Its:	

Section VII

Section A

Section 1

Michael J. Beaudine
Jan Albanese Carpenter Daniel H. Coultoff Sarah M. Dinon
Jennifer S. Eden Dorothy F. Green Bruce D. Knapp Peter G. Latham	201 SOUTH ORANGE AVENUE, SUITE 1400
ORLANDO, FLORIDA 32801 POST OFFICE BOX 3353 ORLANDO, FLORIDA 32802
TELEPHONE: (407) 481-5800
FACSIMILE: (407) 481-5801
WWW.LATHAMLUNA.COM	Jay E. Lazarovich Marc L. Levine Justin M. Luna Lori T. Milvain
Benjamin R. Taylor Christina Y. Taylor Kristen E. Trucco Daniel A. Velasquez	

To:	CDD Board of Supervisors

From:	District Counsel (Jan Albanese Carpenter, Esq., Jay E. Lazarovich, Esq. and Kristen E. Trucco, Esq.)
Re:	Recently Enacted Legislation (2024)

Date:	May 31, 2024

We are providing you with information about new legislation which affects special districts in the State of Florida. House Bill (“HB”) 7013 was recently signed into law and will go into effect July 1, 2024.
HB 7013 creates a requirement for special districts, including community development districts (“CDDs”), to prepare and publish a report of goals/objectives, performance measurement standards for such goals/objectives and the results of such goals/objectives. Specifically, by October 1, 2024, or by the end of the first full fiscal year after the establishment of a special district, whichever is later, “each special district must establish goals and objectives for each program and activity undertaken by the district, as well as performance measures and standards to determine if the district’s goals and objectives are being achieved.” By December 1 of each year thereafter (beginning December 1, 2025), an annual report must be prepared and published on the district’s website describing the goals and objectives achieved or failed to be achieved, as well as the performance measures and standards used by the district to make that determination. District Managers should prepare draft goals/objectives and performance measures and standards for review and adoption by CDD boards at or before the CDD’s September board meeting. Boards may ultimately decide to tailor those goals and objectives, as well as the measurement standards for each goal, to their specific CDD.

HB 7013 also repealed Section 190.047, Florida Statutes, which, among other things, required CDDs to hold a referendum at a general election on the question of whether to incorporate after certain requirements were met by the CDD. Effective July 1, 2024, CDDs will no longer be required to conduct such a referendum.
HB 7013 added a number of other provisions that are applicable to special districts. However, CDDs were specifically excluded from those provisions in the text of the new legislation. More detail on the new provisions that do not apply to CDDs is available upon request. Please feel free to contact the District Manager or our office should you have any questions on this new legislation or any other CDD requirements.

Thank you.

Section B

Section 1
Storey Park Community Development District
YEAR 2024 ENGINEER’S INSPECTION REPORT

Prepared For
Storey Park Community Development District

Date
June 18, 2024

2602 East Livingston Street | Orlando, Florida 32803 | Tel: 407.487.2594 | www.poulosandbennett.com FBPE Certificate of Authorization No. 28567

Table of Contents

NARRATIVE AND PHOTOGRAPHS

Section 1	Location & General Description
Section 2	District’s Operation and Maintenance Budget
Section 3	Infrastructure Condition
Section 4	District Engineers Letter Report

APPENDICES

Exhibit 1	Location Map
Exhibit 1A	Pond and Park Maintenance Map
Exhibit 5	Roadway Ownership Map
Exhibit 11	Land Ownership Map
Exhibit 12	Future Public & Private Uses Within the CDD Exhibit 15	Parcel I Master Plan Phasing
Exhibit 16	Parcel L Conceptual Plan
Exhibit A1	Infrastructure Map 1 (South)
Exhibit A2	Infrastructure Map 2 (Central)
Exhibit A3	Infrastructure Map 3 (North)
Exhibit B	Photographic Inventory & Repair Recommendations
Location and General Description
Storey Park Community Development District (the “District”) is within the Wewahootee Planned Development (PD) (the “Development”) (f.k.a. Innovation Place PD) located within the City of Orlando in Orange County, Florida, Sections 32 and 33, Township 23 South, Range 31 East and Sections 2,3,4,5,8,9,10,1,15 and 16 Township 24 South, Range 31 East. The District is located east of SR 417 and north of Wewahootee Road and is approximately 993.3 acres +/-. Zoning for the Development was approved by the City of Orlando as the Wewahootee PD on December 16, 2013. A location map is provided as Exhibit 1.

The Development is a mixed use, multi-phase project. The District is responsible for the maintenance of the roadways, sidewalk curb, trails, alleys, stormwater management facilities, landscape, and amenities within the District. Please refer to Exhibits 1A and 5 for additional information on ownership and maintenance. The following phases have been constructed and conveyed to the District for Maintenance as of June 2024.

Construction Plans Phase	Construction Certified Complete	
Storey Park Parcel I Phase 1	October 2015	
Storey Park Parcel I Phase 3	June 2017	
Storey Park Parcel I Phase 4	December 2017	
Storey Park Parcel I Phase 5	May 2020	
Storey Park Parcel L Phase 1	November 2018	
Storey Park Parcel L Phase 2	January 2019	
Storey Park Parcel L Phase 3	December 2019	
Storey Park Parcel L Phase 4	July 2020	
Storey Park Parcel K Phase 1	September 2021	
Storey Park Parcel K Phase 2	October 2022	
Storey Park Parcel K Phase 3	October 2023	
District’s Operation and Maintenance Budget

We have reviewed the operation and maintenance budget for Fiscal Year 2025 as proposed by the Storey Park CDD Board of Supervisors and are in agreement with the proposed allocations to the following sections of the budget for maintenance and repairs to the existing infrastructure for which the District is responsible:

Operation and Maintenance Budget
Proposed FY2025		
Description	Proposed	
Administrative	$	170,152	
Contract Services	$	564,018	
Repairs & Maintenance	$	135,619	
Utility	$	322,540	
Other	$	198,958	
Total	$	1,391,287	
Infrastructure Conditions
Site visits were completed in June 2024 to review the conditions of the site infrastructure and determine maintenance recommendation for budgeting purposes. Ten (10) of eleven (11) phases that have been constructed and certified completed were evaluated. Parcel K Phase 3 has been certified complete but is still within the maintenance period under the obligation of the developer for repairs. The following maintenance & repairs are recommended to be completed under the FY2025 Budget:
Repair / replace cracked & spalled concrete curb & gutter
Repair / patch asphalt gouges & deterioration
Repair sidewalk fractures and cracking
Striping & pavement marking replacements
Maintenance of pond structures

A location map and photographs representative of the needed maintenance are provided in Exhibits A & B.
District Engineers Letter Report
June 18, 2024

George Flint, D istrict Manager
Storey Park Community Development District Governmental Management Services-CF, LLC 219 E. Livingston St
Orlando, FL 32803

Subject:	Storey Park Community Development District District Engineers Report
Poulos & Bennett Job No. 15-060

Dear Mr. Flint:

In accordance with Section 9.21 of the Master Trust Indenture for the Storey Park Community Development District (CDD), we have completed our annual review of the portions of the project within this CDD as constructed to date. Based on our inspection and knowledge of the community, we recommend maintenance and repairs address the following:
Repair / replace cracked & spalled concrete curb & gutter
Repair / patch asphalt gouges & deterioration
Repair sidewalk fractures and cracking
Striping & pavement marking replacements
Maintenance of pond structures

A location map and photographs representative of the needed maintenance are provided in Exhibits A through C.
We have reviewed the operation and maintenance budget for Fiscal Year 2025 as proposed by the Storey Park CDD Board of Supervisors and are in agreement with the proposed allocations to the following sections of the budget for maintenance and repairs to the existing infrastructure for which the District is responsible:

Operation and Maintenance Budget
Proposed FY2025		
Description	Proposed	
Administrative	$	170,152	
Contract Services	$	564,018	
Repairs & Maintenance	$	135,619	
Utility	$	322,540	
Other	$	198,958	
Total	$	1,391,287	

Please contact me should you have any questions or require any additional information.

Sincerely,

Christina M. Baxter, P.E. Poulos & Bennett, LLC

cc:	File Folder
Appendix

DOWDEN ROAD

WEWAHOOTEE ROAD

INNOVATION WAY SOUTH

Location Map
Storey Park Community Development District	N

November 18, 2020
P & B Job No.: 12-080
2602 E Livingston St Orlando, Florida 32803- 407.487.2594

www.poulosandbennett.com
Certificate of Authorization No. 28567

Exhibit 1

NOTE:
STORMWATER MANAGEMENT MAP IS PRELIMINARY AND WILL BE REVISED UPON FINAL DESIGN
LEGEND
STORM DRAINAGE CONVEYANCE CDD PONDS - CDD MAINTENANCE
JOINT USE PONDS (CITY OF ORLANDO & CDD) - CDD MAINTENANCE POND - HOA MAINTENANCE
ROADWAY/DRAINAGE PONDS - CDD MAINTENANCE PARK - HOA MAINTENANCE
PARK - CDD MAINTENANCE
PARK /CLUBHOUSE - STOREY PARK CLUB MAINTENANCE
EXISTING

LAKE / CONSERVATION

DOWDEN ROAD

EXISTING STORMWATER
WEWAHOOTEE ROAD

Pond & Park Maintenance
Storey Park Community Development District	N

June 14, 2022
P & B Job No.: 12-080
2602 E. Livingston St Orlando, Florida 32803 - 407.487.2594

www.poulosandbennett.com
Certificate of Authorization No. 28567

Exhibit 1A

DOWDEN ROAD

WEWAHOOTEE ROAD

INNOVATION WAY SOUTH

Key

NOTES:
PARCEL J IS A GATED COMMUNITY. THEREFORE THE ROADWAYS ARE PRIVATELY OWNED BY THE HOA.
THE CONSTRUCTION COSTS FOR DOWDEN ROAD, INNOVATION WAY
SOUTH, AND THE CONNECTOR ROAD ARE NOT INCLUDED IN THE DISTRICT CAPITAL IMPROVEMENTS PLAN
	CDD TO MAINTAIN LANDSCAPE AND IRRIGATION ENHANCEMENT FOR ROADS OWNED BY CITY OF ORLANDO.

Roadway Ownership Map
Storey Park Community Development District	N

November 18, 2020
P & B Job No.: 12-080
2602 E Livingston St Orlando, Florida 32803 - 407.487.2594

www.poulosandbennett.com
Certificate of Authorization No. 28567

Exhibit 5

DOWDEN ROAD

WEWAHOOTEE ROAD

INNOVATION WAY SOUTH

Land Ownership Map
Storey Park Community Development District	N

June 14, 2022
P & B Job No.: 12-080
2602 E Livingston St Orlando, Florida 32803 - 407.487.2594

www.poulosandbennett.com
Certificate of Authorization No. 28567

Exhibit 11
Key

WL-1

EXISTING

LAKE / CONSERVATION
F

NOTES:
PARCEL J IS A GATED COMMUNITY. THEREFORE THE ROADWAYS ARE PRIVATELY OWNED BY THE HOA.
	THE CONSTRUCTION COSTS FOR DOWDEN ROAD, INNOVATION WAY SOUTH, AND THE CONNECTOR ROAD ARE NOT INCLUDED IN THIS CDD

WL-1
G
WL-4	WL-5

L
J

WL-1
WL-6

EXISTING	H	I

STORMWATER
M
D
E

Future Public and Private Uses Within CDD
Storey Park Community Development District	N

November 18, 2020
P & B Job No.: 12-080
2602 E Livingston St Orlando, Florida 32803 - 407.487.2594

www.poulosandbennett.com
Certificate of Authorization No. 28567

Exhibit 12
1	2	3	4	5	6	7	8	9
Key Map:

F	F

WEWAHOOTEE PD BOUNDARY
Consultant:

SPMP PROJECT LIMITS

E	E

D
PARCEL J

PHASE 7
D

Project Name:
STOREY PARK - PARCELS I & J - (WEWAHOOTEE PD)

C
OOCEA INTERCHANGE
PHASE 6
C

CONNECTOR RD.

MOSS PARK RIDGE

Submittal To:
CITY OF ORLANDO, FL

PHASE 8

ORANGE COUNTY BCC
Sheet Title:
CITY OF ORLANDO SPECIFIC PARCEL MASTER PLAN PHASING

B

PARCEL I

MOSS PARK PD
Sheet No.:

B

Seal:
EXHIBIT 15

A	A

MOSS PARK RD

1	2	3	4	5	6	7	8	9
Poulos & Bennett, LLC
4625 Halder Lane, Suite B, Orlando, FL 32814 Tel. 407.487.2594 www.poulosandbennett.com Eng. Bus. No. 28567

6

5

4

3

2

Lot Chart

Parcel L - Conceptual Plan
Storey Park	N

June 23, 2017
P & B Job No.: 12-080
2602 E. Livingston St. Orlando, Florida 32803- 407.487.2594
www.poulosandbennett.com Certificate of Authorization No. 28567
Exhibit 16

10950
K

10973

11303

11924

11965

L

11550
V

W

11918	0

12064
12048

12032

12016

0 11914
11928

11942

11956

11970

12108

12120 12126 12132

11843	11886

12057

12924

J

U
T
I

H	M
C
N
G

13050

O
13062
0

S

0	R	ORLANDO

F

11272

13110

0	0
0
0	0

D
0

11306
E
B

Q	A

9566
9560
P
9554
9548
9542
9536
9530

9524

0

0	0

0

0

10010	10137

9551

11855

11991

10220

10221

0

11221
EXHIBIT A1 - INFRASTRUCTURE MAP 1 (SOUTH)
STOREY PARK COMMUNITY DEVELOPMENT DISTRICT

June 5, 2023
P & B Job No.: 12-080

2602 E. Livingston Street Orlando, FL 32803 Ph. 407-487-2594

www.poulosandbennett.com Certificate of Authorization No. 28567
0	125
250	500	750	1,000
FEET

11873

11035

11869

10565

10603

10627

10651

11997

12501

11722

11902

11914

11926
11932

11102

11963

11969

11309

12501

AJ

11828

0	0

Y

11351

12095

AS	12087

AI	11921
AA
AK
AH
Z

AG

AU
AR
ORLANDO	AT
AM

AD
X

AB	AC

12064

12048

12032

12016

11900

11914

AL	11928

11942

11956

11970

AE

AQ

AO	AP
AN
AF

0

11272

0
Wewah

0
13110
0

0
0
0

0
0
11306

11333

11974

11969

EXHIBIT A2 - INFRASTRUCTURE MAP 2 (CENTRAL)

0	0	0

¯

June 5, 2023
P & B Job No.: 12-080

2602 E. Livingston Street Orlando, FL 32803 Ph. 407-487-2594

www.poulosandbennett.com Certificate of Authorization No. 28567

0	125

250	500	750	1,000
FEET

11570
0	0

12016

9208	0	0

0
0
13131

0

11112

BD

BD
BD

BE
BC

12501

9404
BC

ORLANDO

BD

¬«417	BC

10626

10619
BB

10734

BA	0

12564
12558

10182

10734	AZ

10104

0

11638

10565
10603
10627
10651

11997	AY

11969

11963

11828
AX	0
11102	11309	0

11286

0

12501

10804

11351

11538	0

11709	11726

11833

11852

0	11917

0

12087

11881

0	12008

AV
0
11921

AW	0
EXHIBIT A3 - INFRASTRUCTURE MAP 3 (NORTH)
STOREY PARK COMMUNITY DEVELOPMENT DISTRICT

June 5, 2023
P & B Job No.: 12-080

2602 E. Livingston Street Orlando, FL 32803 Ph. 407-487-2594

www.poulosandbennett.com Certificate of Authorization No. 28567
0  125
250	500	750	1,000
FEET
The table below is a list of the deficiencies observed during a site inspection of CDD owned infrastructure. Recommended repairs are provided.

TABLE: INFRASTUCTURE DEFICIENY & REPAIR LIST		
Def. ID	Description	
A	Remove & replace five (5) cracked 5’x5’ sidewalk panels (see image)	
B	Remove & replace 5’x5’ cracked sidewalk panel	
C	Remove & replace cracked handicap ramp	
D	Sawcut, remove & replace spalled section of concrete curb	
E	Remove & replace 2 – 5’x5’ cracked sidewalk panels	
F	Remove & replace 80 LF of cracked gutter	
G	Remove & replace 5’x5’ cracked sidewalk panel	
H	4” dropoff between sidewalk & adjacent curb inlet; Remove & replace 13 LF of
sidewalk to match grade of the adjacent curb inlet	
I	Remove & replace two (2) 25 LF sections of deteriorated gutter	
J	Replace faded crosswalk striping	
K	Remove & replace 20 LF of cracked valley gutter	
L	3” dropoff between sidewalk & adjacent curb inlet; Remove & replace 13 LF of
sidewalk to match grade of the adjacent curb inlet	
M	Sawcut missing sidewalk joints in 75 LF of sidewalk	
N	4” dropoff between sidewalk & adjacent curb inlet; Remove & replace 13 LF of
sidewalk to match grade of the adjacent curb inlet	
O	Remove & replace 5’x5’ section of cracked sidewalk	
P	Remove & replace 5’x5’ & 5’x6’ cracked sidewalk panels	
Q	Remove & replace 8’x8’ cracked sidewalk panel	
R	Re-fasten the fiberglass skimmer to the control structure	
S	Remove & replace undermined & broken concrete pavement & eroded soil; replace a
minimum area of 400 sf	
T	Remove & replace 5 LF of cracked valley gutter	
U	Remove dried concrete within the gutter	
V	Remove & replace 4 LF of cracked & spalled gutter	
W	Remove & replace cracked handicap ramp	
X	Remove & replace 5’x5’ section of cracked sidewalk	
Y	Sawcut, remove & replace 2 driveway corner breaks	
Z	4” dropoff between sidewalk & adjacent curb inlet; Remove & replace 13 LF of
sidewalk to match grade of the adjacent curb inlet	
AA	Remove dried concrete in gutter	
AB	Remove & replace cracked Type F curb & handicap ramp	
AC	Remove & replace 10 LF of cracked Type F curb	
AD	Remove & replace 5’x5’ cracked sidewalk panel	
AE	Remove & replace 20 LF of cracked valley gutter	
AF	Remove & replace 5 LF of cracked Type F curb	
AG	Remove dried concrete within gutter	
AH	Remove & replace 5’x5’ cracked sidewalk panel at handicap ramp	
AI	Remove & replace 5’x5’ section of cracked sidewalk	
AJ	Sawcut, remove & replace corner break at handicap ramp	
AK	Sawcut, remove & replace 4 LF of cracked valley gutter	
Def. ID	Description	
AL	Remove & replace 15 LF of cracked gutter	
AM	Remove & replace 7’x5’ cracked sidewalk panel	
AN	Remove & replace 2 – 5’x5’ cracked sidewalk panels	
AO	Remove & replace 6 LF of cracked gutter	
AP	Patch 30’x12’ section of deteriorated asphalt	
AQ	Remove & replace 5’x5’ section of displaced/uneven sidewalk	
AR	Remove & replace cracked handicap ramp	
AS	Remove & replace 5’x5’ section of cracked sidewalk	
AT	Sawcut, remove & replace 3 LF of fractured Type F curb	
AU	Remove & replace cracked handicap ramp	
AV	Remove & replace 3 – 5’x6’ cracked sidewalk panels	
AW	Remove & replace 5’x5’ cracked sidewalk panel	
AX	Remove & replace 5’x5’ cracked sidewalk panel	
AY	Remove & replace 20 LF of cracked valley gutter	
AZ	Replace missing grates on control structure	
BA	Sawcut, remove & replace cracked driveway corner	
BB	Patch 3’x5’ section of pavement	
BC	Replace faded crosswalk striping	
BD	Replace faded crosswalk striping & stop bar	
BE	Remove & replace 2 LF of cracked Type F curb	
The photos and deficiencies below are examples from the above table that are in need of repair.

Section C

Section 1
Storey Park
Community Development District

Summary of Invoices

May 1, 2024 - July 30, 2024

Fund	Date	Check No.'s	Amount	
General Fund	
5/9/24	
1274-1275	
$	41,954.00	
	5/15/24	1276-1283	$	39,860.66	
	5/22/24	1284-1285	$	2,861.00	
	5/29/24	1286	$	1,689.87	
	6/6/24	1287-1289	$	43,610.50	
	6/13/24	1290-1293	$	11,814.78	
	6/20/24	1294-1303	$	29,413.54	
	6/26/24	1304	$	1,579.50	
	7/3/24	1305-1307	$	52,881.00	
	7/10/24	1308-1309	$	3,287.95	
	7/11/24	1310	$	7,186.45	
	7/17/24	1311	$	311.00	
	7/25/24	1312-1314	$	2,016.50	
			$	238,466.75	
Capital Reserve	
5/9/24	
1	
$	47,000.00	
			$	47,000.00	
Payroll	
May 2024			
	Teresa Diaz	50064*	$	184.70	
	Michael McQuarrie	50065	$	184.70	
	Teresa Diaz	50066	$	184.70	
	Willem Boermans	50067	$	184.70	
			$	738.80	
	TOTAL		$	286,205.55	
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/30/24	PAGE	1
*** CHECK DATES 05/01/2024 - 07/30/2024 ***	STOREY PARK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/09/24 00035	4/30/24 I-043024 202404 320-53800-48100	*	755.50
SCRTY 04/26/24 - 04/28/24
5/08/24 I-050824 202405 320-53800-48100	*	343.50
SCRTY 05/04/24 - 05/05/24
CITY OF ORLANDO - POLICE DEPARTMENT	1,099.00 001274
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/09/24 00028	5/01/24 7446	202405 320-53800-46200	*	40,855.00
LAWN MAINTENANCE MAY24
OMEGASCAPES INC	40,855.00 001275
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/24 00020	5/10/24 5533	202405 320-53800-47800	*	2,685.00
INST.2GATE DGPRK/POST SET
BERRY CONSTRUCTION INC.	2,685.00 001276
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/24 00035	5/13/24 I-051324 202405 320-53800-48100	*	755.50
SCRTY 05/10/24 - 05/12/24
CITY OF ORLANDO - POLICE DEPARTMENT	755.50 001277
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/24 00002	5/01/24 243	202405 310-51300-34000	*	3,750.00
MANAGEMENT FEES MAY24
5/01/24 243	202405 310-51300-35200	*	100.00
WEBSITE ADMIN MAY24
5/01/24 243	202405 310-51300-35100	*	150.00
INFORMATION TECH MAY24
5/01/24 243	202405 310-51300-31300	*	1,458.33
DISSEMINATION FEE MAY24
5/01/24 243	202405 310-51300-51000	*	.12
OFFICE SUPPLIES 5/01/24 243
POSTAGE 5/01/24 243
COPIES 5/01/24 244
FIELD MANAGEMENT MAY24
GOVERNMENTAL MANAGEMENT SERVICES	6,996.15 001278
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/24 00015	5/15/24 05152024 202405 300-20700-10000	*	11,049.18
FY24 DEBT SRVC SER2015
STOREY PARK CDD C/O REGIONS BANK	11,049.18 001279
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/24 00015	5/15/24 05152024 202405 300-20700-10100	*	4,449.19
FY24 DEBT SRVC SER2018
STOREY PARK CDD C/O REGIONS BANK	4,449.19 001280
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/24 00015	5/15/24 05152024 202405 300-20700-10200	*	4,283.06
FY24 DEBT SRVC SER2019
STOREY PARK CDD C/O REGIONS BANK	4,283.06 001281
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/30/24	PAGE	2
*** CHECK DATES 05/01/2024 - 07/30/2024 ***	STOREY PARK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/15/24 00015	5/15/24 05152024 202405 300-20700-10500	*	5,994.27
FY24 DEBT SRVC SER2021
STOREY PARK CDD C/O REGIONS BANK	5,994.27 001282
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/15/24 00015	5/15/24 05152024 202405 300-20700-10600	*	3,648.31
FY24 DEBT SRVC SER2022
STOREY PARK CDD C/O REGIONS BANK	3,648.31 001283
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/24 00012	5/15/24 219883	202405 320-53800-47000	*	311.00
AQUATIC PLANT MGMT MAY24
5/15/24 219884	202405 320-53800-47000	*	1,203.00
AQUATIC K1,2,4 MGMT MAY24
5/15/24 219885	202405 320-53800-47000	*	323.00
L-6 POND MANAGEMENT MAY24
5/15/24 219886	202405 320-53800-47000	*	300.00
POND L2,L4,L5 MGMT MAY24
APPLIED AQUATIC MANAGEMENT, INC.	2,137.00 001284
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/22/24 00005	5/15/24 128913	202404 310-51300-31500	*	618.00
CNTRCTION/RMV PRCL R/MEMO
5/15/24 128914	202404 310-51300-31500	*	106.00
PARCEL M TRACT TURNOVER
LATHAM,LUNA,EDEN & BEAUDINE,LLP	724.00 001285
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
5/29/24 00028	5/20/24 7519	202405 320-53800-47300	*	242.84
IRRG RPRS-MUSES 05/16/24
5/20/24 7520	202405 320-53800-47300	*	1,447.03
RPR DOWDEN-NODE/ROTOR/HDS
OMEGASCAPES INC	1,689.87 001286
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00035	5/31/24 I-053124 202405 320-53800-48100	*	755.50
SCRTY 05/24/24 - 05/26/24
CITY OF ORLANDO - POLICE DEPARTMENT	755.50 001287
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00009	6/03/24 26003	202405 310-51300-32200	*	2,000.00
FY23 AUDIT SERVICES JUN24
GRAU & ASSOCIATES	2,000.00 001288
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/06/24 00028	6/01/24 7539	202406 320-53800-46200	*	40,855.00
LAWN MAINTENANCE JUN24
OMEGASCAPES INC	40,855.00 001289
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/24 00035	6/06/24 I-060624 202406 320-53800-48100	*	343.50
SCRTY 06/01/24 - 06/02/24
6/10/24 I-061024 202406 320-53800-48100	*	343.50
SCRTY 06/07/24 - 06/08/24
CITY OF ORLANDO - POLICE DEPARTMENT	687.00 001290
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/30/24	PAGE	3
*** CHECK DATES 05/01/2024 - 07/30/2024 ***	STOREY PARK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/13/24 00030	5/22/24 332-5855 202405 320-53800-47700	*	3,000.00
24 NO FISH/SWIM/TRESSPASS
FASTSIGNS SOUTH ORLANDO	3,000.00 001291
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
245	202406 310-51300-34000	*	3,750.00
MANAGEMENT FEES JUN24
245	202406 310-51300-35200	*	100.00
WEBSITE ADMIN JUN24
245	202406 310-51300-35100	*	150.00
INFORMATION TECH JUN24
245	202406 310-51300-31300	*	1,458.33
DISSEMIANTION FEE JUN24
245	202406 310-51300-51000	*	.21
OFFICE SUPPLIES 245
POSTAGE 245
COPIES
6/01/24 246	202406 320-53800-12000	*	1,500.00
FIELD MANAGEMENT JUN24
6/01/24 246A	202404 310-51300-42000	*	.79 USPS-MAIL 941FORM-1ST QTR
GOVERNMENTAL MANAGEMENT SERVICES	7,008.72 001292
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/13/24 00028	5/28/24 7535	202405 320-53800-47300	*	489.32
RPR BRKN MAINLINE/LATERAL
5/28/24 7536	202405 320-53800-47300	*	629.74
RPLC NODES AT HISTORY/SP
OMEGASCAPES INC	1,119.06 001293
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00012	6/15/24 220447	202406 320-53800-47000	*	311.00
AQUATIC PLANT MGMT JUN24
APPLIED AQUATIC MANAGEMENT, INC.	311.00 001294
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00035	6/18/24 I-061824 202406 320-53800-48100	*	549.50
SCRTY 06/14/24 - 06/16/24
CITY OF ORLANDO - POLICE DEPARTMENT	549.50 001295
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00005	6/17/24 129403	202405 310-51300-31500	*	2,061.00
FUND AGR/MTG/PROP.RECORDS
LATHAM,LUNA,EDEN & BEAUDINE,LLP	2,061.00 001296
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00028	6/12/24 7591	202405 320-53800-47300	*	526.56
RPLC IRRG CTRLLR-PHILOSPY
6/12/24 7592	202405 320-53800-47300	*	426.56
RPLC IRRG CTRLLR-THRILLER
OMEGASCAPES INC	953.12 001297
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/30/24	PAGE	4
*** CHECK DATES 05/01/2024 - 07/30/2024 ***	STOREY PARK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
6/20/24 00006	6/11/24 15-060(1 202405 310-51300-31100	*	650.00
MTG/ANN RPT/BGT REQ/MAINT
POULOS & BENNETT	650.00 001298
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00015	6/14/24 06142024 202406 300-20700-10000	*	9,346.18
FY24 DEBT SRVCS SER2015
STOREY PARK CDD C/O REGIONS BANK	9,346.18 001299
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00015	6/14/24 06142024 202406 300-20700-10100	*	3,763.44
FY24 DEBT SRVCS SER2018
STOREY PARK CDD C/O REGIONS BANK	3,763.44 001300
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00015	6/14/24 06142024 202406 300-20700-10200	*	3,622.92
FY24 DEBT SRVCS SER2019
STOREY PARK CDD C/O REGIONS BANK	3,622.92 001301
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00015	6/14/24 06142024 202406 300-20700-10500	*	5,070.38
FY24 DEBT SRVCS SER2021
STOREY PARK CDD C/O REGIONS BANK	5,070.38 001302
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/20/24 00015	6/14/24 06142024 202406 300-20700-10600	*	3,086.00
FY24 DEBT SRVCS SER2022
STOREY PARK CDD C/O REGIONS BANK	3,086.00 001303
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
6/26/24 00028	6/17/24 7594	202406 320-53800-46300	*	1,579.50
TWO POTASSIUM APP/AERATIO
OMEGASCAPES INC	1,579.50 001304
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/03/24 00012	6/30/24 220737	202406 320-53800-47000	*	300.00
POND L2,L4,L5 MGMT JUN24
6/30/24 220882	202406 320-53800-47000	*	1,203.00
AQUATIC K1,2,4 MGMT JUN24
6/30/24 220957	202406 320-53800-47000	*	323.00
L-6 POND MANAGEMENT JUN24
APPLIED AQUATIC MANAGEMENT, INC.	1,826.00 001305
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/03/24 00009	7/01/24 26187	202406 310-51300-32200	*	9,600.00
FY23 AUDIT FINAL PAYMENT
7/01/24 26217	202407 310-51300-31200	*	600.00
ARBITRAGE REPORT SER2021
GRAU & ASSOCIATES	10,200.00 001306
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/03/24 00028	7/01/24 7632	202407 320-53800-46200	*	40,855.00
LAWN MAINTENANCE JUL24
OMEGASCAPES INC	40,855.00 001307
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
STOR -STOREY PARK-	TVISCARRA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/30/24	PAGE	5
*** CHECK DATES 05/01/2024 - 07/30/2024 ***	STOREY PARK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
7/10/24 00035	7/08/24 I-070824 202406 320-53800-48100	*	549.50
SCRTY 06/28/24 - 06/30/24
CITY OF ORLANDO - POLICE DEPARTMENT	549.50 001308
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/10/24 00028	6/27/24 7622	202406 320-53800-46300	*	378.00
TREAT TURF INSIDE DOG PRK
6/27/24 7625	202406 320-53800-47300	*	447.50
RPR MAINLNE-CARTPATH PH K
6/27/24 7626	202406 320-53800-46300	*	1,912.95
RPR 10ROTOR/2NODE/SCRBVLV
OMEGASCAPES INC	2,738.45 001309
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/11/24 00002	7/01/24 247	202407 310-51300-34000	*	3,750.00
MANAGEMENT FEES JUL24
7/01/24 247	202407 310-51300-35200	*	100.00
WEBSITE ADMIN JUL24
7/01/24 247	202407 310-51300-35100	*	150.00
INFORMATION TECH JUL24
7/01/24 247	202407 310-51300-31300	*	1,458.33
DISSEMINATION FEE JUL24
7/01/24 247	202407 310-51300-51000	*	.30
OFFICE SUPPLIES
7/01/24 247	202407 310-51300-42000	*	30.82
POSTAGE
7/01/24 248	202407 320-53800-12000	*	1,500.00
FIELD MANAGEMENT JUL24
7/01/24 248A	202406 310-51300-48000	*	197.00
ORLANDO SENT-QUALIFY CAND
GOVERNMENTAL MANAGEMENT SERVICES	7,186.45 001310
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/17/24 00012	7/15/24 221226	202407 320-53800-47000	*	311.00
AQUATIC PLANT MGMT JUL24
APPLIED AQUATIC MANAGEMENT, INC.	311.00 001311
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/24 00020	7/18/24 5585	202407 320-53800-47800	*	885.00
INSO.FENCE RAIL/BENCH/DOG
BERRY CONSTRUCTION INC.	885.00 001312
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/24 00035	7/17/24 I-071724 202407 320-53800-48100	*	549.50
SCRTY 07/13/24 - 07/14/24
7/22/24 I-072224 202407 320-53800-48100	*	343.50
SCRTY 07/20/24 - 07/21/24
CITY OF ORLANDO - POLICE DEPARTMENT	893.00 001313
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
7/25/24 00005	7/16/24 129876	202406 310-51300-31500	*	238.50
FINAL CONVEY/CONTRACT/NOT
LATHAM,LUNA,EDEN & BEAUDINE,LLP	238.50 001314
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK A	238,466.75 STOR -STOREY PARK-	TVISCARRA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/30/24	PAGE	6
*** CHECK DATES 05/01/2024 - 07/30/2024 ***	STOREY PARK - GENERAL FUND
BANK A GENERAL FUND
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#

TOTAL FOR REGISTER	238,466.75

STOR -STOREY PARK-	TVISCARRA
AP300R	YEAR-TO-DATE ACCOUNTS PAYABLE PREPAID/COMPUTER CHECK REGISTER	RUN	7/30/24	PAGE	1
*** CHECK DATES 05/01/2024 - 07/30/2024 ***	STOREY PARK - CAPITAL RESERVE
BANK B CAPITAL RESERVE
CHECK	VEND#	.....INVOICE..... ...EXPENSED TO...		VENDOR NAME	STATUS	AMOUNT	....CHECK..... DATE			DATE	INVOICE	YRMO	DPT ACCT# SUB	SUBCLASS				AMOUNT	#
5/09/24 00001	4/18/24 36149	202404 320-53800-60000	*	47,000.00
INST.235 NO PARKING SIGNS
FAUSNIGHT STRIPE & LINE INC.	47,000.00 000001
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TOTAL FOR BANK B	47,000.00
TOTAL FOR REGISTER	47,000.00

STOR -STOREY PARK-	TVISCARRA

Section 2

Storey Park
Community Development District

Unaudited Financial Reporting
June 30, 2024

Table of Contents

1

2-3

4-5

6

7

8

9

10

11

12

13

14

15
	Balance Sheet

	General Fund Income Statement

	Month to Month

	Capital Reserve Income Statement

	Debt Service Series 2015 Income Statement

	Debt Service Series 2018 Income Statement

	Debt Service Series 2019 Income Statement

	Debt Service Series 2021 Icome Statement

	Debt Service Series 2022 Income Statement

	Capital Projects Series 2021 Income Statement

	Capital Projects Series 2022 Income Statement

	Long Term Debt

	FY24 Assessment Receipt Schedule
Balance Sheet June 30, 2024

Assets:
Cash - Truist Investments: Series 2015
Reserve Revenue Interest Sinking Fund
General Redemption Prepayment
Series 2018 Reserve Revenue Interest Sinking Fund
General Redemption Series 2019
Reserve Revenue Interest Sinking Fund Prepayment
Series 2021 Reserve Revenue Interest Sinking Fund Construction
Series 2022 Reserve Revenue Interest Sinking Fund Construction
SBA - Operating
Due from General Fund

-	$

336,120	$
564,337	$
458	$
622	$
1,483	$
0	$

70,221	$
143,208	$
1	$
0	$
68	$

120,237	$
147,158	$
1	$
69	$
1	$

167,907	$
142,518	$
1	$
0	$
-	$

102,235	$
90,431	$
1	$
0	$
$
$
$

$

$
$
$
$
$
$

$
$
$
$
$

$
$
$
$
$

$
$
$
$
15,331	$

$
$
$
$
7,488	$
$
$

322,836

336,120
564,337
458
622
1,483
0

70,221
143,208
1
0
68

120,237
147,158
1
69
1

167,907
142,518
1
0
15,331

102,235
90,431
1
0
7,488
843,987
-

Total Assets	$	808,045	$	358,777	$	1,887,075	$	22,820	$	3,076,717	
Liabilities:						
Accounts Payable	$	15,149	$	-	$	-	$	-	$	15,149	
Total Liabilities	$	15,149	$	-	$	-	$	-	$	15,149	

Fund Balances:						
Assigned For Debt Service 2015	$	-	$	-	$	903,019	$	-	$	903,019	
Assigned For Debt Service 2018	$	-	$	-	$	213,498	$	-	$	213,498	
Assigned For Debt Service 2019	$	-	$	-	$	267,465	$	-	$	267,465	
Assigned For Debt Service 2021	$	-	$	-	$	310,426	$	-	$	310,426	
Assigned For Debt Service 2022	$	-	$	-	$	192,667	$	-	$	192,667	
Assigned For Capital Projects 2021	$	-	$	-	$	-	$	15,331	$	15,331	
Assigned For Capital Projects 2022	$	-	$	-	$	-	$	7,488	$	7,488	
Unassigned	$	792,896	$	358,777	$	-	$	-	$	1,151,673	
Total Fund Balances	$	792,896	$	358,777	$	1,887,075	$	22,820	$	3,061,568	
						
Total Liabilities & Fund Equity	$	808,045	$	358,777	$	1,887,075	$	22,820	$	3,076,717	

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Assessments - Tax Roll	$	1,191,240	$	1,191,240	$	1,197,683	$	6,443	
Interest	$	5,000	$	3,750	$	21,956	$	18,206	
Miscellaneous Revenues	$	-	$	-	$	1,831	$	1,831	
Total Revenues	$	1,196,240	$	1,194,990	$	1,221,471	$	26,481	

Expenditures:					
Administrative:					
Supervisor Fees	$	12,000	$	9,000	$	3,000	$	6,000	
FICA Expense	$	918	$	689	$	230	$	459	
Engineering Fees	$	12,000	$	9,000	$	1,829	$	7,171	
District Counsel	$	25,000	$	18,750	$	6,293	$	12,457	
Annual Audit	$	10,400	$	10,400	$	11,600	$	(1,200)	
Arbitrage	$	1,800	$	-	$	-	$	-	
Trustee Fees	$	17,500	$	-	$	-	$	-	
Dissemination Agent	$	17,500	$	13,125	$	13,125	$	0	
Assessment Administration	$	7,500	$	7,500	$	7,500	$	-	
Management Fees	$	45,000	$	33,750	$	33,750	$	-	
Information Technology	$	1,800	$	1,350	$	1,350	$	-	
Website Maintenance	$	1,200	$	900	$	900	$	-	
Telephone	$	150	$	113	$	-	$	113	
Postage	$	750	$	563	$	317	$	246	
Insurance	$	7,500	$	7,500	$	6,690	$	810	
Printing & Binding	$	750	$	563	$	71	$	491	
Legal Advertising	$	2,500	$	1,875	$	197	$	1,678	
Other Current Charges	$	600	$	450	$	438	$	12	
Office Supplies	$	100	$	75	$	17	$	58	
Property Appraiser Fee	$	1,500	$	-	$	-	$	-	
Dues, Licenses & Subscriptions	$	175	$	175	$	175	$	-	
Total Administrative:	$	166,643	$	115,776	$	87,481	$	28,295	

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Operation & Maintenance					
Contract Services
Field Management	
$	18,000	
$	13,500	
$	13,500	
$	-	
Landscape Maintenance - Contract	$	467,986	$	350,990	$	367,695	$	(16,706)	
Lake Maintenance	$	42,425	$	31,819	$	19,233	$	12,586	
Mitigation Monitoring & Maintenance	$	13,750	$	10,313	$	-	$	10,313	
Repairs & Maintenance
Repairs - General	

$	15,000	

$	11,250	

$	975	

$	10,275	
Operating Supplies	$	1,500	$	1,125	$	-	$	1,125	
Landscape - Contingency	$	20,000	$	15,000	$	6,450	$	8,550	
Irrigation Repairs	$	20,000	$	15,000	$	11,889	$	3,111	
Roadways & Sidewalks	$	15,000	$	11,250	$	3,145	$	8,105	
Trail & Boardwalk Maintenance	$	5,000	$	3,750	$	1,700	$	2,050	
Dog Park Maintenance	$	3,500	$	2,625	$	3,815	$	(1,190)	
Signage	$	8,619	$	6,464	$	3,000	$	3,464	
Pressure Washing	$	7,500	$	5,625	$	5,200	$	425	
Enhanced Traffic Enforcement	$	39,500	$	29,625	$	17,893	$	11,732	
Utility
Electric	

$	3,000	

$	2,250	

$	1,030	

$	1,220	
Water & Sewer	$	30,000	$	22,500	$	17,181	$	5,319	
Streetlights	$	294,340	$	220,755	$	180,538	$	40,217	
Other
Property Insurance	

$	22,500	

$	22,500	

$	25,093	

$	(2,593)	
Contingency	$	1,977	$	1,483	$	-	$	1,483	
Total Maintenance - Shared Expenses	$	1,029,597	$	777,823	$	678,337	$	99,485	

Reserves					
Capital Reserve Transfer	$	402,507	$	402,507	$	402,507	$	-	
Total Reserves	$	402,507	$	402,507	$	402,507	$	-	
					
Total Expenditures	$	1,598,747	$	1,296,106	$	1,168,326	$	127,780	
					
Excess Revenues (Expenditures)	$	(402,507)		$	53,145		
					
Fund Balance - Beginning	$	402,507		$	739,751		
					
Fund Balance - Ending	$	-		$	792,896		

	Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Total	
Revenues:														
Assessments - Tax Roll	$	-	$	34,102  $	349,570  $	30,424  $	687,109  $	46,299  $	10,761  $	21,355  $	18,063	$	-	$	-	$	-	$	1,197,683	
Interest	$	2,459  $	2,405	$	2,481	$	2,480	$	2,325	$	2,484	$	2,413	$	2,486	$	2,422	$	-	$	-	$	-	$	21,956					
Miscellaneous Revenues	$	1,831  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,831					
Total Revenues	$	4,290  $	36,507	$  352,052	$	32,904	$  689,434	$	48,784	$	13,174	$	23,841	$	20,485	$	-	$	-	$	-	$  1,221,471					

Expenditures:														
Administrative:
Supervisor Fees	
$	800  $	800	
$	-	
$	-	
$	600	
$	-	
$	-	
$	800	
$	-	
$	-	$	-	$	-	$	3,000					
FICA Expense	$	61  $	61	$	-	$	-	$	46	$	-	$	-	$	61	$	-	$	-	$	-	$	-	$	230					
Engineering Fees	$	368  $	391	$	-	$	420	$	-	$	-	$	-	$	650	$	-	$	-	$	-	$	-	$	1,829					
District Counsel	$	1,789  $	538	$	35	$	27	$	583	$	298	$	724	$	2,061	$	239	$	-	$	-	$	-	$	6,293					
Annual Audit	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	2,000	$	9,600	$	-	$	-	$	-	$	11,600					
Arbitrage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-					
Trustee Fees	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-					
Dissemination Agent	$	1,458  $	1,458	$	1,458	$	1,458	$	1,458	$	1,458	$	1,458	$	1,458	$	1,458	$	-	$	-	$	-	$	13,125					
Assessment Administration	$	7,500  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	7,500					
Management Fees	$	3,750  $	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	3,750	$	-	$	-	$	-	$	33,750					
Information Technology	$	150  $	150	$	150	$	150	$	150	$	150	$	150	$	150	$	150	$	-	$	-	$	-	$	1,350					
Website Maintenance	$	100  $	100	$	100	$	100	$	100	$	100	$	100	$	100	$	100	$	-	$	-	$	-	$	900					
Telephone	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-					
Postage	$	33  $	70	$	28	$	21	$	63	$	17	$	31	$	35	$	18	$	-	$	-	$	-	$	317					
Insurance	$	6,690  $	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	6,690					
Printing & Binding	$	5  $	7	$	17	$	0	$	-	$	8	$	-	$	2	$	31	$	-	$	-	$	-	$	71					
Legal Advertising	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	197	$	-	$	-	$	-	$	197					
Other Current Charges	$	40  $	75	$	39	$	40	$	42	$	41	$	41	$	79	$	41	$	-	$	-	$	-	$	438					
Office Supplies	$	1  $	0	$	0	$	15	$	1	$	0	$	0	$	0	$	0	$	-	$	-	$	-	$	17					
Property Appraiser Fee
Dues, Licenses & Subscriptions
$	-	$	-	$
$	175  $	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
-	$	-	$
- 175

Oct	Nov	Dec	Jan	Feb	Mar	Apr	May	Jun	Jul	Aug	Sept	Total											
Operation & Maintenance
Contract Services
Field Management	

$	1,500	

$	1,500	

$	1,500	

$	1,500	

$	1,500	

$	1,500	

$	1,500	

$	1,500	

$	1,500	

$	-	$	-	$	-	$	13,500	
Landscape Maintenance - Contract	$	40,855	$	37,915	$	43,795	$	40,855	$	40,855	$	40,855	$	40,855	$	40,855	$	40,855	$	-	$	-	$	-	$	367,695	
Lake Maintenance	$	2,137	$	2,137	$	2,137	$	2,137	$	2,137	$	2,137	$	2,137	$	2,137	$	2,137	$	-	$	-	$	-	$	19,233	
Mitigation Monitoring & Maintenance	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Repairs & Maintenance
Repairs - General	

$	-	

$	-	

$	-	

$	-	

$	-	

$	975	

$	-	

$	-	

$	-	

$	-	$	-	$	-	$	975	
Operating Supplies	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Landscape - Contingency	$	-	$	-	$	1,380	$	900	$	300	$	-	$	-	$	-	$	3,870	$	-	$	-	$	-	$	6,450	
Irrigation Repairs	$	1,396	$	1,849	$	540	$	1,723	$	1,303	$	869	$	-	$	3,762	$	448	$	-	$	-	$	-	$	11,889	
Roadways & Sidewalks	$	-	$	-	$	-	$	965	$	-	$	1,745	$	435	$	-	$	-	$	-	$	-	$	-	$	3,145	
Trail & Boardwalk Maintenance	$	-	$	1,465	$	235	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	1,700	
Dog Park Maintenance	$	-	$	-	$	930	$	200	$	-	$	-	$	-	$	2,685	$	-	$	-	$	-	$	-	$	3,815	
Signage	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	3,000	$	-	$	-	$	-	$	-	$	3,000	
Pressure Washing	$	-	$	-	$	5,200	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	5,200	
Enhanced Traffic Enforcement	$	2,695	$	1,255	$	2,542	$	2,610	$	1,855	$	2,198	$	1,099	$	1,855	$	1,786	$	-	$	-	$	-	$	17,893	
Utility
Electric	

$	153	

$	65	

$	107	

$	83	

$	158	

$	115	

$	117	

$	116	

$	116	

$	-	$	-	$	-	$	1,030	
Water & Sewer	$	2,312	$	1,919	$	2,053	$	1,614	$	1,150	$	1,567	$	1,736	$	2,653	$	2,177	$	-	$	-	$	-	$	17,181	
Streetlights	$	22,382	$	22,056	$	20,245	$	12,668	$	23,142	$	20,035	$	22,139	$	21,822	$	16,050	$	-	$	-	$	-	$	180,538	
Other
Property Insurance	

$	25,093	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	

$	-	$	-	$	-	$	25,093	
Contingency	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	$	-	
Total Maintenance - Shared Expenses	$	98,524	$	70,160	$	80,664	$	65,255	$	72,399	$	71,996	$	70,018	$	80,384	$	68,937	$	-	$	-	$	-	$	678,337	
Reserves											
Capital Reserve Transfer	$	-	$	-	$	-	$	-	$	100,000	$	-	$	302,507	$	-	$	-	$	-	$	-	$	-	$	402,507	
Total Reserves	$	-	$	-	$	-	$	-	$  100,000	$	-	$  302,507	$	-	$	-	$	-	$	-	$	-	$	402,507	
											
Total Expenditures	$  121,443	$	77,562	$	86,242	$	71,235	$  179,192	$	77,819	$  378,779	$	91,531	$	84,522	$	-	$	-	$	-	$  1,168,326	
											
Excess Revenues (Expenditures)	$  (117,153)	$	(41,055)	$	265,809	$	(38,331)	$	510,242	$	(29,035)	$  (365,605)	$	(67,690)	$	(64,037)	$	-	$	-	$	-	$	53,145	
Capital Reserve Fund
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending June 30, 2024

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Transfer In	$	402,507	$	402,507	$	402,507	$	-	
Interest	$	1,200	$	900	$	3,384	$	2,484	
Total Revenues	$	403,707	$	403,407	$	405,891	$	2,484	

Expenditures:					
Contingency	$	-	$	-	$	114	$	(114)	
Capital Outlay	$	-	$	-	$	47,000	$	(47,000)	
Total Expenditures	$	-	$	-	$	47,114	$	(47,114)	
					
Excess Revenues (Expenditures)	$	403,707		$	358,777		
					
Fund Balance - Beginning	$	-		$	-		
					
Fund Balance - Ending	$	403,707		$	358,777		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/24	Thru 06/30/24	Variance	
Revenues:					
Special Assessments	$	616,298	$	616,298	$	619,692	$	3,394	
Interest	$	12,500	$	9,375	$	30,254	$	20,879	
Total Revenues	$	628,798	$	625,673	$	649,946	$	24,273	

Expenditures:					
Series 2015
Interest - 11/01	

$	202,781	

$	202,778	

$	202,778	

$	-	
Principal - 11/01	$	200,000	$	200,000	$	200,000	$	-	
Interest - 05/01	$	198,281	$	198,278	$	198,278	$	-	
Total Expenditures	$	601,063	$	601,056	$	601,056	$	-	

Other Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Excess Revenues (Expenditures)	$	27,736		$	48,890		
					
Fund Balance - Beginning	$	517,933		$	854,129		
					
Fund Balance - Ending	$	545,669		$	903,019		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/24	Thru 06/30/24	Variance	
Revenues:					
Special Assessments	$	248,827	$	248,827	$	249,532	$	705	
Interest	$	4,500	$	3,375	$	9,762	$	6,387	
Total Revenues	$	253,327	$	252,202	$	259,294	$	7,092	

Expenditures:					
Series 2018
Interest - 12/15	

$	86,228	

$	86,228	

$	86,228	

$	-	
Principal - 06/15	$	75,000	$	75,000	$	75,000	$	-	
Interest - 06/15	$	86,228	$	86,228	$	86,228	$	-	
Total Expenditures	$	247,456	$	247,456	$	247,456	$	-	

Other Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Excess Revenues (Expenditures)	$	5,871		$	11,837		
					
Fund Balance - Beginning	$	128,252		$	201,660		
					
Fund Balance - Ending	$	134,123		$	213,498		
Storey Park
Community Development District Debt Service Fund - Series 2019
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending June 30, 2024

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Special Assessments	$	238,964	$	238,964	$	240,215	$	1,251	
Interest	$	5,500	$	4,125	$	11,817	$	7,692	
Total Revenues	$	244,464	$	243,089	$	252,033	$	8,944	

Expenditures:					
Series 2019
Interest - 12/15	

$	78,269	

$	78,269	

$	78,269	

$	-	
Principal - 06/15	$	80,000	$	80,000	$	80,000	$	-	
Interest - 06/15	$	78,269	$	78,269	$	78,269	$	-	
Total Expenditures	$	236,538	$	236,538	$	236,538	$	-	

Other Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	-	$	-	
Total Other Financing Sources (Uses)	$	-	$	-	$	-	$	-	
					
Excess Revenues (Expenditures)	$	7,927		$	15,495		
					
Fund Balance - Beginning	$	123,195		$	251,970		
					
Fund Balance - Ending	$	131,122		$	267,465		
Community Development District Debt Service Fund - Series 2021
Statement of Revenues, Expenditures, and Changes in Fund Balance For The Period Ending June 30, 2024

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/24	Thru 06/30/24	Variance	
Revenues:					
Special Assessments	$	334,300	$	334,300	$	336,188	$	1,888	
Interest	$	6,750	$	5,063	$	14,580	$	9,518	
Total Revenues	$	341,050	$	339,363	$	350,768	$	11,406	

Expenditures:					
Series 2021
Interest - 12/15	

$	101,481	

$	101,481	

$	101,481	

$	-	
Principal - 06/15	$	130,000	$	130,000	$	130,000	$	-	
Interest - 06/15	$	101,481	$	101,481	$	101,481	$	-	
Total Expenditures	$	332,963	$	332,963	$	332,963	$	-	

Other Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	(8,789)	$	8,789	
Total Other Financing Sources (Uses)	$	-	$	-	$	(8,789)	$	8,789	
					
Excess Revenues (Expenditures)	$	8,088		$	9,016		
					
Fund Balance - Beginning	$	126,768		$	301,410		
					
Fund Balance - Ending	$	134,856		$	310,426		

	Adopted	Prorated Budget	Actual		
	Budget	Thru 06/30/24	Thru 06/30/24	Variance	
Revenues:					
Special Assessments	$	203,549	$	203,549	$	204,615	$	1,066	
Interest	$	5,000	$	3,750	$	8,668	$	4,918	
Total Revenues	$	208,549	$	207,299	$	213,283	$	5,984	

Expenditures:					
Series 2022
Interest - 12/15	

$	75,921	

$	75,921	

$	75,921	

$	-	
Principal - 06/15	$	50,000	$	50,000	$	50,000	$	-	
Interest - 06/15	$	75,921	$	75,921	$	75,921	$	-	
Total Expenditures	$	201,843	$	201,843	$	201,843	$	-	

Other Sources/(Uses)					
Transfer In/(Out)	$	-	$	-	$	(5,347)	$	5,347	
Total Other Financing Sources (Uses)	$	-	$	-	$	(5,347)	$	5,347	
					
Excess Revenues (Expenditures)	$	6,707		$	6,094		

	Adopted		Prorated Budget	Actual			
		Budget		Thru 06/30/24	Thru 06/30/24	Variance	
Revenues:

Interest Income	

$		

-	$	

-	$	

360	

$	360	
Total Revenues	$		-	$	-	$	360	$	360	

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

Other Financing Sources/(Uses)							
Transfer In/(Out)	$		-	$	-	$	8,789	$	(8,789)	
Total Other Financing Sources (Uses)	$		-	$	-	$	8,789	$	(8,789)	
							
Excess Revenues (Expenditures)	$		-	$	9,149		
							
Fund Balance - Beginning	$		-	$	6,182		
							
Fund Balance - Ending	$		-	$	15,331		

Adopted	Prorated Budget	Actual		
Budget	Thru 06/30/24	Thru 06/30/24	Variance	

Revenues:					
Interest Income	$	-	$	-	$	1,243	$	1,243	
Total Revenues	$	-	$	-	$	1,243	$	1,243	

Expenditures:

Capital Outlay	

$	

-	$	

-	$	991	

$	(991)	
Total Expenditures	$	-	$	-	$	991	$	(991)	

Other Financing Sources/(Uses)

Transfer In/(Out)	

$	

-	$	

-	$	5,347	

$	(5,347)	
Total Other Financing Sources (Uses)	$	-	$	-	$	5,347	$	(5,347)	
					
Excess Revenues (Expenditures)	$	-	$	5,599		
					
Fund Balance - Beginning	$	-	$	1,890		
					
Fund Balance - Ending	$	-	$	7,488		
Storey Park
Community Development District Long Term Debt Report

SERIES 2015, SPECIAL ASSESSMENT BONDS		
(ASSESSMENT AREA ONE PROJECT)		
INTEREST RATES:	4.000%, 4.500%, 5.000%, 5.125%		
MATURITY DATE:	11/1/2045		
RESERVE FUND DEFINITION	50% OF MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$303,522		
RESERVE FUND BALANCE	$336,120		
BONDS OUTSTANDING - 9/30/15	$9,210,000	
LESS: PRINCIPAL PAYMENT 11/1/16	($90,000)	
LESS: PRINCIPAL PAYMENT 11/1/17	($155,000)	
LESS: PRINCIPAL PAYMENT 11/1/18	($160,000)	
LESS: PRINCIPAL PAYMENT 11/1/19	($170,000)	
LESS: PRINCIPAL PAYMENT 11/1/20	($175,000)	
LESS: PRINCIPAL PAYMENT 11/1/21	($180,000)	
LESS: SPECIAL CALL 11/1/21	($10,000)	
LESS: PRINCIPAL PAYMENT 11/1/22	($190,000)	
LESS: PRINCIPAL PAYMENT 11/1/23	($200,000)	
CURRENT BONDS OUTSTANDING	$7,880,000	

SERIES 2018, SPECIAL ASSESSMENT BONDS		
(ASSESSMENT AREA TWO PROJECT)		
INTEREST RATES:	3.750%, 4.375%, 4.875%, 5.000%		
MATURITY DATE:	6/15/2048		
RESERVE FUND DEFINITION	25% OF MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$62,200		
RESERVE FUND BALANCE	$70,221		
BONDS OUTSTANDING - 5/22/18	$3,865,000	
LESS: PRINCIPAL PAYMENT 6/15/19	($65,000)	
LESS: PRINCIPAL PAYMENT 6/15/20	($65,000)	
LESS: PRINCIPAL PAYMENT 6/15/21	($65,000)	
LESS: PRINCIPAL PAYMENT 6/15/22	($70,000)	
LESS: PRINCIPAL PAYMENT 6/15/23	($70,000)	
LESS: PRINCIPAL PAYMENT 6/15/24	($75,000)	
CURRENT BONDS OUTSTANDING	$3,455,000	

SERIES 2019, SPECIAL ASSESSMENT BONDS		
(ASSESSMENT AREA THREE PROJECT)		
INTEREST RATES:	3.500%, 3.750%, 4.250%, 4.400%		
MATURITY DATE:	6/15/2049		
RESERVE FUND DEFINITION	50% OF MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$119,695		
RESERVE FUND BALANCE	$120,237		
BONDS OUTSTANDING - 5/31/19	$3,995,000	
LESS: PRINCIPAL PAYMENT 6/15/20	($70,000)	
LESS: PRINCIPAL PAYMENT 6/15/21	($75,000)	
LESS: PRINCIPAL PAYMENT 6/15/22	($75,000)	
LESS: PRINCIPAL PAYMENT 6/15/23	($80,000)	
LESS: PRINCIPAL PAYMENT 6/15/24	($80,000)	
CURRENT BONDS OUTSTANDING	$3,615,000	

SERIES 2021, SPECIAL ASSESSMENT BONDS		
(ASSESSMENT AREA FOUR PROJECT)		
INTEREST RATES:	2.375%, 2.875%, 3.300%, 4.400%		
MATURITY DATE:	6/15/2051		
RESERVE FUND DEFINITION	50% OF MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$167,150		
RESERVE FUND BALANCE	$167,907		
BONDS OUTSTANDING - 6/15/21	$6,030,000	
LESS: PRINCIPAL PAYMENT 6/15/22	($125,000)	
LESS: PRINCIPAL PAYMENT 6/15/23	($125,000)	
LESS: PRINCIPAL PAYMENT 6/15/24	($130,000)	
CURRENT BONDS OUTSTANDING	$5,650,000	

SERIES 2022, SPECIAL ASSESSMENT BONDS		
(ASSESSMENT AREA FIVE PROJECT)		
INTEREST RATES:	4.250%, 4.500%, 5.000%, 5.150%		
MATURITY DATE:	6/15/2052		
RESERVE FUND DEFINITION	50% OF MAXIMUM ANNUAL DEBT SERVICE		
RESERVE FUND REQUIREMENT	$101,774		
RESERVE FUND BALANCE	$102,235		
BONDS OUTSTANDING - 9/15/22	$3,105,000	
LESS: PRINCIPAL PAYMENT 6/15/23	($50,000)	
LESS: PRINCIPAL PAYMENT 6/15/24	($50,000)	
CURRENT BONDS OUTSTANDING	$3,005,000	
Storey Park
COMMUNITY DEVELOPMENT DISTRICT
Special Assessment Receipts Fiscal Year 2024

Date	
Distribution	
Gross Amount	
Commissions	
Discount/Penalty	
Interest	
Net Receipts	
O&M Portion	2015 Debt Service Asmt	2018 Debt Service Asmt	2019 Debt Service Asmt	2021 Debt Service Asmt	2022 Debt Service Asmt	
Total	

11/3/23	
1	
$7,024.19	
$0.00	
$331.06	
$0.00	
$6,693.13	
$2,814.77	
$1,456.39	
$586.44	
$564.55	
$790.10	
$480.88	
$6,693.13	
11/13/23	2	$21,449.00	$0.00	$857.96	$0.00	$20,591.04	$8,659.48	$4,480.49	$1,804.16	$1,736.80	$2,430.70	$1,479.41	$20,591.04	
11/28/23	3	$56,047.00	$0.00	$2,241.88	$0.00	$53,805.12	$22,627.52	$11,707.68	$4,714.34	$4,538.32	$6,351.51	$3,865.74	$53,805.11	
12/05/23	4	$109,350.00	$0.00	$4,374.00	$0.00	$104,976.00	$44,147.22	$22,842.16	$9,197.88	$8,854.45	$12,392.06	$7,542.22	$104,975.99	
12/12/23	5	$161,779.02	$0.00	$6,454.08	$0.00	$155,324.94	$65,321.26	$33,797.79	$13,609.40	$13,101.26	$18,335.58	$11,159.65	$155,324.94	
12/19/23	6	$592,834.94	$0.00	$23,713.48	$1,807.50	$570,928.96	$240,101.82	$124,230.78	$50,024.16	$48,156.37	$67,396.23	$41,019.60	$570,928.96	
01/10/24	7	$75,358.00	$0.00	$3,014.32	$0.00	$72,343.68	$30,423.84	$15,741.56	$6,338.67	$6,102.00	$8,539.93	$5,197.69	$72,343.69	
02/13/24	8	$1,703,357.70	$1,373.07	$68,134.31	$0.00	$1,633,850.32	$687,109.01	$355,516.21	$143,156.14	$137,811.03	$192,870.50	$117,387.44	$1,633,850.33	
03/13/24	9	$95,551.47	$0.00	$3,789.19	$18,331.14	$110,093.42	$46,299.33	$23,955.68	$9,646.26	$9,286.09	$12,996.16	$7,909.90	$110,093.42	
04/12/24	10	$26,538.42	$0.00	$950.65	$0.00	$25,587.77	$10,760.83	$5,567.75	$2,241.97	$2,158.26	$3,020.55	$1,838.41	$25,587.77	
05/13/24	11	$52,415.41	$0.00	$1,636.55	$0.00	$50,778.86	$21,354.84	$11,049.18	$4,449.19	$4,283.06	$5,994.27	$3,648.31	$50,778.85	
06/12/24	12	$32,895.00	$0.00	$554.36	$10,611.71	$42,952.35	$18,063.43	$9,346.18	$3,763.44	$3,622.92	$5,070.38	$3,086.00	$42,952.35	
07/11/24	13	$23,264.61	$0.00	$0.00	$0.00	$23,264.61	$9,783.84	$5,062.24	$2,038.42	$1,962.31	$2,746.31	$1,671.50	$23,264.62	
	TOTAL	$ 2,957,864.76	$  1,373.07	$	116,051.84	$ 30,750.35	$ 2,871,190.20	$ 1,207,467.19	$  624,754.09	$  251,570.47	$  242,177.42	$  338,934.28	$  206,286.75	$  2,871,190.20	

Section 3
NOTICE OF MEETING DATES STOREY PARK
COMMUNITY DEVELOPMENT DISTRICT
Fiscal Year 2025
The Board of Supervisors of the Storey Park Community Development District will hold its regularly scheduled public meetings for Fiscal Year 2025 at 4:00 pm at the Offices of GMS-CF, LLC, 219 E. Livingston Street, Florida 32801, on the Second Tuesday of each month as follows (exceptions noted below):

October 1, 2024
November 5, 2024
Exception: December 17, 2024
January 7, 2025
February 4, 2025
March 4, 2025
April 1, 2025
May 6, 2025
June 3, 2025
July 15, 2025
August 5, 2025
September 2, 2025

The meetings are open to the public and will be conducted in accordance with the provisions of Florida Law for Community Development Districts. A copy of the meeting agenda may be obtained from the District Manager at 219 E. Livingston Street, Orlando, FL 32801; by calling (407) 841-5524 or via the District’s website at https://storeyparkcdd.com.

A meeting may be continued to a date, time and place to be specified on the record at that meeting. There may be occasions when one or more Supervisors, staff or other individuals will participate by telephone.

Any person requiring special accommodations at a 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 at (800) 955-8770 for aid in contacting the District Office.

Each person who decides to appeal any action taken at these meetings 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.

Jason M. Showe
Governmental Management Services – Central Florida, LLC District Manager

Section 4

Memorandum
To: Board of Supervisors From: District Management Date: June 11, 2024
RE:	HB7013 – Special Districts Performance Measures and Standards

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

Exhibit A:
Goals, Objectives and Annual Reporting Form
Storey Park Community Development District Performance Measures/Standards &
Annual Reporting Form
October 1, 2024 – September 30, 2025

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

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

Goal 1.3: Access to Records Compliance
Objective: Ensure that meeting minutes and other public records are readily available and easily accessible to the public by completing monthly CDD website checks.
Measurement: Monthly website reviews will be completed to ensure meeting minutes and other public records are up to date as evidenced by District Management’s records.
Standard: 100% of monthly website checks were completed by District Management.
Achieved: Yes ☐ No ☐
 Infrastructure and Facilities Maintenance
Goal 2.1: Field Management and/or District Management Site Inspections
Objective: Field manager and/or district manager will conduct inspections per District Management services agreement to ensure safety and proper functioning of the District’s infrastructure.
Measurement: Field manager and/or district manager visits were successfully completed per management agreement as evidenced by ﬁeld manager and/or district manager’s reports, notes or other record keeping method.
Standard: 100% of site visits were successfully completed as described within district management services agreement
Achieved: Yes ☐ No ☐

Goal 2.2: District Infrastructure and Facilities Inspections
Objective: District Engineer will conduct an annual inspection of the District’s infrastructure and related systems.
Measurement: A minimum of one inspection completed per year as evidenced by district engineer’s report related to district’s infrastructure and related systems.
Standard: Minimum of one inspection was completed in the Fiscal Year by the district’s engineer.
Achieved: Yes ☐ No ☐
 Financial Transparency and Accountability
Goal 3.1: Annual Budget Preparation
Objective: Prepare and approve the annual proposed budget by June 15 and ﬁnal budget was adopted by September 30 each year.
Measurement: Proposed budget was approved by the Board before June 15 and ﬁnal budget was adopted by September 30 as evidenced by meeting minutes and budget documents listed on CDD website and/or within district records.
Standard: 100% of budget approval & adoption were completed by the statutory deadlines and posted to the CDD website.
Achieved: Yes ☐ No ☐
Goal 3.2: Financial Reports
Objective: Publish to the CDD website the most recent versions of the following documents: Annual audit, current ﬁscal year budget with any amendments, and most recent ﬁnancials within the latest agenda package.
Measurement: Annual audit, previous years’ budgets, and ﬁnancials are accessible to the public as evidenced by corresponding documents on the CDD’s website.
Standard: CDD website contains 100% of the following information: Most recent annual audit, most recent adopted/amended ﬁscal year budget, and most recent agenda package with updated ﬁnancials.
Achieved: Yes ☐ No ☐
Goal 3.3: Annual Financial Audit
Objective: Conduct an annual independent ﬁnancial audit per statutory requirements and publish the results to the CDD website for public inspection, and transmit to the State of Florida.
Measurement: Timeliness of audit completion and publication as evidenced by meeting minutes showing board approval and annual audit is available on the CDD’s website and transmitted to the State of Florida.
Standard: Audit was completed by an independent auditing ﬁrm per statutory requirements and results were posted to the CDD website and transmitted to the State of Florida.
Achieved: Yes ☐ No ☐

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

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