HERITAGE PARK
COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA FINANCIAL REPORT
FOR THE FISCAL YEAR ENDED SEPTEMBER 30, 2020

HERITAGE PARK COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA

TABLE OF CONTENTS

INDEPENDENT AUDITOR'S REPORT MANAGEMENT'S DISCUSSION AND ANALYSIS BASIC FINANCIAL STATEMENTS
Government-Wide Financial Statements:
Statement of Net Position Statement of Activities
Fund Financial Statements:
Balance Sheet - Governmental Funds
Reconciliation of the Balance Sheet - Governmental Funds to the Statement of Net Position
Statement of Revenues, Expenditures and Changes in Fund Balances - Governmental Funds
Reconciliation of the Statement of Revenues, Expenditures and Changes in Fund Balances of Governmental Funds to the Statement of Activities
Notes to the Financial Statements

Page
1-2

3-6

7
8

9

10

11

12
13-21

REQUIRED SUPPLEMENTARY INFORMATION
Schedule of Revenues, Expenditures and Changes in Fund Balance -
Budget and Actual -  General Fund	22
Notes to Required Supplementary Information	23
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	24-25
INDEPENDENT AUDITOR'S REPORT ON COMPLIANCE WITH THE REQUIREMENTS OF SECTION 218.415, FLORIDA STATUTES, REQUIRED BY RULE 10.556(10)
OF THE AUDITOR GENERAL OF THE STATE OF FLORIDA	26
MANAGEMENT LETTER PURSUANT TO THE RULES OF THE AUDITOR GENERAL
OF THE STATE OF FLORIDA	27-28

Grau & Associates
CERTIFIED  PUBLIC ACCOUNTANTS

INDEPENDENT AUDITOR'S REPORT

951 Yamato Road• Suite 280 Boca Raton , Florida 33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa .com

To the Board of Supervisors
Heritage Park Community Development District St. Johns County, Florida

Report on the Financial Statements
We have audited the accompanying financial statements of the governmental activities and each major fund of Heritage Park Community Development District, St. Johns County, Florida ("District") as of and for the fiscal year ended September 30, 2020, and the related notes to the financial statements, which collectively comprise the District's basic financial statements as listed in the table of contents.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in accordance with accounting principles generally accepted in the United States of America ; this includes  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.
Auditor's Responsibility
Our responsibility is to express opinions on these financial statements based on our audit. We conducted our audit in accordance with 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. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts  and disclosures  in the financial statements. The procedures selected depend on the auditor's judgment, including the assessment of the risks of material misstatement of the financial statements, whether  due to fraud  or  error. In making those risk assessments, the auditor considers internal control relevant to the entity's preparation and fair presentation of the financial statements 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 entity's internal control. Accordingly , we express no such opinion. An audit  also includes  evaluating the appropriateness of accounting policies used and the reasonableness of significant accounting estimates made by management, as well as evaluating the overall presentation of the  financial  statements.
We believe that the audit evidence we have obtained is sufficient and appropriate  to provide a basis  for our audit opinions.
Opinions
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, 2020, and the respective changes in financial position for the fiscal year then ended in accordance with accounting principles generally accepted in the United States of America .

Other Matters
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, 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 Ame rica, 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 Reporting Required by Government Auditing Standards
In accordance with Government Auditing Standards , we have also issued our report dated December 3, 2020, 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 .

i? d,4v J-
December 3, 2020

MANAGEMENT'S DISCUSSION AND ANALYSIS

Our discussion and analysis of Heritage Park Community Development District, St. Johns County, Florida ("District") provides a narrative overview of the District's financial activities for the fiscal year ended September 30, 2020. Please read it in conjunction with the District's Independent Auditor's Report, basic financial statements, accompanying notes and supplementary information to the basic  financial statements.

FINANCIAL HIGHLIGHTS

The liabilities of the District exceeded its assets plus deferred  outflows of resources  at the close of the most recent fiscal year resulting in a net position deficit balance of ($828,277).

The change in the District's total net position in comparison with the prior fiscal year  was ($16,976), a decrease. 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, 2020, the District's governmental funds reported combined ending  fund balances of $615,240, an increase of $26,667 in comparison with the prior fiscal year. The total fund balance is non-spendable for prepaid items, restricted for debt service, assigned to renewal and replacement and subsequent year's expenditures, and the remainder is unassigned fund balance which is available for spending at the District's discretion.

OVERVIEW OF FINANCIAL STATEMENTS

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

Government-Wide Financial Statements

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

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

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

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

Fund Financial Statements

A fund is a grouping of related accounts that is used to maintain control over resources that have been segregated for specific activities or objectives. The District, like other state and local governments, uses fund accounting to ensure and demonstrate compliance with finance-related legal requirements. The District has one fund category: governmental funds.

Governmental Funds

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

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

The District maintains three 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, debt service and capital projects fund, all of which are considered major funds.

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

Notes to the Financial Statements

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

GOVERNMENT-WIDE FINANCIAL ANALYSIS

As noted earlier, net position may serve over time as a useful indicator of an entity's financial position. In the case of the District, liabilities exceeded assets plus deferred outflows of resources at the close of the most recent fiscal year.

Key components of the District's net position are reflected in the following table:

NETPOSmoN
SEPTB\/Bffi 30,
 	2020	2019	
Current and other assets	$	618,687	$	598,919	
Capital assets, net of depreciation	 	2,573,194	2,809,106 	
Total assets	 	3,191,881	3,408,025 	
Deferred Outflows of Resources	 	33,432	35,864 	
Current liabilities	84,980	94,764	
Long-term liabilities	 	3,968,610	4,160,426 	
Total liabilities	 	4,053,590	4,255,190 	
Net position		
Net investment in capital assets	(1,361,984)	(1,315,456)	
Restricted	264,643	255,789	
Unrestricted	 	269,064	248,366 	
Total net position	    $	(828,277)    $	(811,301) 	

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 decreased during the most recent fiscal year. The majority of the decrease represents the extent to which the cost of operations and depreciation expense exceeded  ongoing  program revenues.

Key elements of the change in net position are reflected in the following table:

CHANGES IN NEr POSITION
FOR THE FISCAL YEAR ENDED SEPTEMBER 30,
 	2020	2019	
Revenues:
Program revenues
Charges for services	$	662,039	$	658,490 Operating grants and contributions			318			1,132
Capital grants and contributions	1,196	438
General revenues
Investment earnings	 	98	341 
Total revenues	 	663,651	660,401 Expenses:
General government	100,692	98,146
Maintenance and operations	374,788	375,186
Interest	 	205,147	211,635 
Total expenses	 	680,627	684,967 
Change in net position	 	(16,976)	(24,566)
Net position - beginning		(811,301)	(786,735 Net position - ending	$     (828,277)    $	(811,301)
As noted above and in the statement of activities, the cost of all governmental activities during the fiscal year ended September 30, 2020 was $680,627. The majority of the costs of the District's activities were paid by program revenues. Program revenues, comprised primarily of assessments, increased slightly during the fiscal year. Program revenues were comprised primarily of assessments for  both the current  and prior fiscal years. The decrease in expenses is the result of less interest paid in the current year.

GENERAL BUDGETING HIGHLIGHTS

An operating budget was adopted and maintained by the governing board for the District pursuant to the requirements of Florida Statutes. The budget is adopted  using the  same basis of accounting  that is used in preparation of the fund financial statements. The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures did not exceed appropriations for the fiscal year ended September 30, 2020.

CAPITAL ASSETS AND DEBT ADMINISTRATION

Capital Assets

At September 30, 2020, the District had $5,896,043 invested in capital assets for its governmental activities. In the government-wide financial statements, depreciation of $3,322,849 has been taken, which resulted in a net book value of $2,573,194. More detailed information about the District's capital assets is presented in the notes of the financial statements.

Capital Debt

At September 30, 2020, the District had $4,010,000 in Bonds outstanding. 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

The District does not anticipate any major projects or significant changes to its infrastructure maintenance program for the subsequent fiscal year. In addition, it is anticipated that the general operations of the District will remain fairly constant.

CONTACTING THE DISTRICT'S FINANCIAL MANAGEMENT

This financial report is designed to provide our citizens, land owners, customers, investors and creditors with a general overview of the District's finances and to demonstrate the District's accountability for the financial resources it manages and the stewardship of the facilities it maintains. If you have questions about this report or need additional financial information, contact the Heritage Park Community Development District's Finance Department at 475 West Town Place, Suite 114, St. Augustine, Florida, 32092.

HERITAGE PARK COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
STATEMENT OF NET POSITION SEPTMEBER 30, 2020

	Go\A:!mmental	
	  Acti1.1ties		
ASSETS
Cash	
$	96,335	
ln"1:!stments	165,688	
Assessments receivable	7,265	
Prepaid items	7,585	
Restricted assets:		
ln\A:!stments	341,814	
Capital assets:		
Depreciable, net	2,573,194	
Total assets	     3,191,881 	

DEFERRED OUTFLOWS OF RESOURCES
Deferred charge on refunding (debit)	33,432

Total deferred outflows  of resources	 	33,432 

LIABILITIES		
Accounts payable	3,447	
Accrued interest payable	81,533	
Non-current liabilities:		
Due within one year	190,000	
Due in more than one year	3,778,610	
Total liabilities	     4,053,590 	
NET POSITION		
Net in"1:!stment in capital assets	(1,361,984)	
Restricted for debt ser1.1ce	264,643	
Unrestricted	 	269,064 	
Total net position	$ 	{828,277}	

See  notes to the financial statements

HERITAGE PARK COMMUNITY DEVELOPMENT DISTRICT ST. JOHNS COUNTY, FLORIDA
STATEMENT  OF ACTIVITIES
FOR THE FISCAL YEAR ENDED SEPTMEBER 30, 2020

Net (Expense) Revenue and Changes in Net
Program Revenues		Position	 Operating	Capital Grants

Charges for

Grants and	and

Governmental

Functions/Programs Primary government:
Governmental acti1,,1ties:	Expenses	Services	Contributions	Contributions	Acti1,,1ties		
General government	$	100,692	$	100,692	$	$	$	
Maintenance and operations	374,788	158,280	1,196	(215,312)	
Interest on long-term debt	205,147	403,067	318	198,238	

Total governmental activities

 	680,627	662,039	318	1,196	(17,074)

General revenues:

Investment earnings	98	
Total general revenues	98	
Change in net position	(16,976)	
Net position - beginning	(811,301)	
Net position - ending	   $	(828,277)	

See notes to the financial statements

8

BALANCE SHEET GOVERNMENTAL FUNDS SEPTMEBER 30, 2020

Major Funds		Total	
	Capital	Governmental	
 	General	Debt Service	Projects	Funds		
ASSETS					
Cash	$	59,349	$	$	36,986	$	96,335	
lm.estments	64,101	341,814	101,587	507,502	
Assessments receivable	2,903	4,362		7,265	
Prepaid items	 			7,585							7,585 Total assets	 	$	133,938	$	346,176	$	138,573	$	618,687

LIABILITIES AND FUND BALANCES
Liabilities:
Accounts payable	 	$	3,447	$	$	$	3,447 Total liabilities	 		3,447				3,447

Fund balances:
Nonspendable:
Prepaid items	7,585	7,585 Restricted for:
Debt service	346,176	346,176 Assigned to:
Subsequent year's expenditures	32,447		32,447	
Renewal and replacement		138,573	138,573	
Unassigned	90,459		90,459	
Total fund balances	 	130,491	346,176	138,573	615,240

Total liabilities and fund balances	$	133,938	$	346,176	$	138,573	$	618,687

See notes to the financial statements

RECONCILIATION OF THE BALANCE SHEET - GOVERNMENTAL FUNDS TO THE STATEMENT OF NET POSITION
SEPTMEBER  30, 2020

Fund balance - go\iernmental funds
Amounts reported for go\iernmental activities in the statement of net position are different because:
Capital assets used in go\iernmental activities are not financial resources and, therefore, are not reported as assets in the go\iemmental funds. The statement of net position  includes those capital assets, net of any  accumulated  depreciation,  in the net position of the go\iemment as a whole.

$	615,240

Cost of capital assets	5,896,043		
Accumulated depreciation	(3,322,849)	2,573,194	
Deferred charges on refunding of long-term debt are shown as deferred outflows/inflows of resources in the go\iemment-wide financial statements; howewr, this amount is expensed in the go\iemmental fund financial statements.		

33,432	
Liabilities not due and payable from current available resources are not reported as liabilities in the go\iemmental fund statements. All liabilities, both current  and  long-term, are reported in the go\iemment-wide financial statements.
Accrued interest payable	

(81,533)		
Bonds payable	(3,968,610)	(4,050,143)	
Net position of go\iemmental activities		$	(828,277)	

See notes to the financial statements

STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN FUND BALANCES GOVERNMENTAL FUNDS
FOR THE FISCAL YEAR ENDED SEPTMEBER 30, 2020

Major Funds	Total
Capital	Governmental General	Debt Service	Projects		Funds
REVENUES
Assessments	$	258,972	$   403,067	$	$	662,039
Interest earnings	 	98	318	1,196	1,612
Total revenues	 	259,070	403,385	1,196	663,651

EXPENDITURES
Current:
General government	100,692	100,692
Maintenance and operations	138,876	138,876 Debt service:
Principal	195,000	195,000
Interest	 	202,416	202,416 
Total expenditures	 	239,568	397,416	636,984 

Excess (deficiency) of revenues
over (under) expenditures	19,502	5,969	1,196	26,667

OTHER FINANCING SOURCES (USES)
Transfers in	16,078	16,078
Transfers out			(16,078)		{16,078) Total  other financing sources (uses)	 		(16,078) 	16,078		

Net change in fund balances	3,424	5,969	17,274	26,667

Fund balances - beginning	 	127,067	340,207	121,299	588,573 

Fund balances - ending	 $	130,491	$   346,176	$	138,573	$	615,240 

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 SEPTMEBER 30, 2020

Net change in fund balances - total governmental funds	$	26,667	
Amounts reported for governmental activities in the statement of activities are different because:		
Repayment of long-term liabilities are reported as expenditures in the governmental fund financial statements, but such repayments reduce liabilities in the statement of net position and are eliminated in the statement of activities.	

195,000	
Depreciation on capital assets is not recognized in the governmental fund financial statements, however, these amounts are recognized as expenses in the government-wide statement of activities.	

(235,912)	
Amortization of the deferred charge on refunding and original issuance discounts is not recognized in the gmemmental fund financial statements, but is reported as an expense in the statement of activities.	

(5,616)	
The change in accrued interest on long-term liabilities between the current and prior fiscal year is recorded in the statement of activities but not in the governmental fund financial statements.	

2,885	

Change in net position of governmental activities

==$====(1=6=,=97=6=)=

See notes to the financial statements

NOTES TO FINANCIAL STATEMENTS

NOTE 1 - NATURE OF ORGANIZATION AND REPORTING ENTITY

Heritage Park Community Development District (the "District") was established by St. Johns County Ordinance 2004-1 effective on January 12, 2004 pursuant to the  Uniform  Community  Development District Act of 1980, otherwise known as Chapter 190, Florida Statutes. The Act provides among other things, the power to manage basic services for community development, power to borrow money  and issue bonds, and to levy and assess non-ad valorem assessments for the financing and delivery of capital infrastructure.

The District was established for the purpose of financing and managing the acquisition, construction, maintenance and operations of the infrastructure within the District.

The District is governed by the Board of Supervisors ("Board"), which is composed of five members. The Supervisors are elected on an at large basis by registered voters residing within the District. The Board exercises all powers granted to the District pursuant to Chapter 190, Florida Statutes.

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

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

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

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

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

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

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

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

Assessments
Assessments are non-ad valorem assessments on benefited property within the District. Operating and maintenance assessments are based upon the adopted budget and levied annually at a public hearing of the District.  Debt service assessments  are levied when Bonds are issued and certified for collection  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 and for renewal and replacement within the District.

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

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

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 lnterlocal 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.

The State Board of Administration's ("SBA") Local Government Surplus Funds Trust Fund ("Florida PRIME") is a"2a-7 like" pool. A "2a-7 like" pool is an external investment  pool that is not registered  with the Securities and Exchange Commission ("SEC") as an investment company, but nevertheless has a policy that it will, and does, operate in a manner consistent with the SEC's Rule 2a-7 of the Investment Company Act of 1940, which comprises the rules governing money market funds. Thus, the pool operates essentially as a money market fund. The District has reported its investment in Florida  PRIME  at amortized cost for financial reporting purposes.

Securities listed in paragraph c and d shall be invested to provide sufficient liquidity to pay obligations as they come due.

The District records all interest revenue related to investment activities in the respective  funds. Investments are measured at amortized cost or reported at fair value as required by generally accepted accounting principles.

Prepaid Items
Certain payments to vendors reflect costs applicable to future accounting periods and are recorded as prepaid items in both government-wide and fund financial statements.

Capital Assets
Capital assets which include property, plant and equipment, and infrastructure assets (e.g., roads, sidewalks and similar items) are reported in the government activities columns in the government-wide financial statements. Capital assets are defined by the government as assets  with  an initial,  individual cost of more than $5,000  and an estimated  useful  life in excess of two years.  Such assets are recorded at historical cost or estimated historical cost if purchased or constructed. Donated capital assets are recorded at acquisition value at the date of donation.

The costs of normal maintenance and repairs that do not add to the value of the asset  or  materially extend assets lives are not capitalized. Major outlays for capital assets and improvements are capitalized as projects are constructed.

Assets. Liabilities and Net Position or Equity (Continued)

Capital Assets (Continued)
Property, plant and equipment of the District are depreciated using the straight-line method over the following estimated useful lives:

Assets
Infrastructure - stormwater system
Infrastructure - irrigation, signs, fountains and other

Years
25
10 - 25

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.

Refundings of Debt
For current refundings and advance refundings resulting in the defeasance of debt, the  difference  between the reacquisition price and the net carrying amount of the old debt is reported as a deferred outflow of resources and recognized ratably as a component of interest expense over the remaining life of the old debt or the life of the new debt, whichever is shorter. In connection with the refunding, $2,432 was recognized as a component of interest expense in the current fiscal year.

Lonq-Term Obligations
In the government-wide financial statements long-term debt and other long-term obligations  are reported as liabilities in the statement of net position. Bond premiums and discounts are deferred and amortized over the life of the Bonds. Bonds payable are reported net of applicable premiums or discounts. Bond issuance costs are expensed when incurred.

In the fund financial statements, governmental fund types recognize premiums and discounts, as well as issuance costs, during the current period. The face amount of debt issued is reported as other financing sources. Premiums received on debt issuances are reported as other financing  sources while discounts  on debt issuances are reported as other financing uses. Issuance costs, whether or not withheld from the actual debt proceeds received, are reported as debt service expenditures.

Deferred Outflows/Inflows of Resources
In addition to assets, the statement of financial position will sometimes report a separate section for deferred outflows of resources. This separate financial statement element, deferred  outflows  of  resources, represents a consumption of net position that applies to a future period(s) and so will not be recognized as an outflow of resources (expense/expenditure) until then.

In addition to liabilities, the statement of financial position will sometimes report a separate section for deferred inflows of resources. This separate financial statement element, deferred inflows of resources, represents an acquisition of net position that applies to a future period(s) and so will not be recognized as an inflow of resources (revenue) until that time.

Assets, Liabilities and Net Position or Equity (Continued)

Fund Equity/Net Position
In the fund financial statements, governmental funds report non spendable and restricted fund balance for amounts that are not available for appropriation or are legally restricted by outside parties for use for a specific purpose. Assignments of fund balance represent tentative management plans that are subject to change.

The District can establish limitations on the use of fund balance as follows:

Committed fund balance - Amounts that can be used only for the specific purposes determined by a formal action (resolution) of the Board of Supervisors. Commitments may be changed or lifted only by the Board of Supervisors taking the same formal action (resolution) that imposed the constraint originally. Resources accumulated pursuant to stabilization arrangements sometimes  are reported in this category.

Assigned fund balance - Includes spendable fund balance amounts established by the Board of Supervisors that are intended to be used for specific purposes that are neither  considered  restricted nor' committed. The Board may also assign fund balance as it does  when appropriating  fund balance to cover difference 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. The District follows these procedures in establishing the budgetary data reflected in the financial statements.

Each year the District Manager submits to the District Board a proposed operating budget  for the fiscal year commencing the following October 1.
Public hearings are conducted to obtain comments.
Prior to October 1, the budget is legally adopted by the District Board.
All budget changes must be approved by the District Board.
The budgets are adopted on a basis consistent with generally accepted accounting principles.
Unused appropriations for annually budgeted funds lapse at the end of the year.

NOTE 4 - DEPOSITS AND INVESTMENTS

Deposits
The District's cash balances were entirely covered by federal depository insurance or by a collateral pool pledged to the State Treasurer. Florida Statutes Chapter 280, "Florida Security for Public Deposits Act", requires all qualified depositories to deposit with the Treasurer or another banking institution eligible collateral equal to various percentages of the average daily balance for each month of all public deposits  in excess of any applicable deposit insurance held. The percentage of eligible collateral (generally, U.S. Governmental and agency securities, state or local government debt, or corporate bonds) to public deposits is dependent upon the depository's financial history and its compliance with Chapter 280. In the event of a failure of a qualified public depository, the remaining public depositories  would be responsible for covering any resulting losses.

Investments
The District's investments were held as follows at September 30, 2020:

    Amortized Cost	0-edil Risk	Maturities	
Weighted average of the
Florida PRIME	$	101,587	S&P AAAm	fund portfolio: 48 days	
US BankMmd 5- Q	 	405,915 	NIA	NIA	
	$	507,502			

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 GASS Statements. The framework for measuring fair value provides a fair value hierarchy that prioritizes the inputs to valuation techniques.

These guidelines rec9gnize 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.

NOTE 4 - DEPOSITS AND INVESTMENTS (Continued)

Investments (Continued)
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 moratoriu'm 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, 2020, 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 - TRANSFERS

lnterfund transfers for the fiscal year ended September 30, 2020 were as follows:

Fund	Transfer in	Transfer out	
General	$	$	16,078	
Capital projects	 	16,078		
Total	$	16,078	$	16,078	
Transfers are used to move revenues from the fund where collection occurs to the fund where funds have been reallocated for use. In the case of the District, transfers from the general fund to the capital projects fund were made in accordance with the budget.

NOTE 6 - CAPITAL ASSETS

Capital asset activity for the fiscal year ended September 30, 2020 was as follows:

Governmental activities	Beginning	Ending
 	Balance	Additions	Reductions	Balance		
Capital assets, being depreciated		
Stomiw ater system	$   3,806,228	$	$	$ 3,806,228	
Irrigation, signs, fountains and other	2,089,815	2,089,815	
Total capital assets, being depreciated	 	5,896,043	5,896,043	
Less accumulated depreciation for:		
Stormw ater system	1,976,841	152,249	2,129,090	
Irrigation, signs, fountains and other	 	1,110,096	83,663	1,193,759	
Total accumulated depreciation	3,086,937	235,912	3,322,849	

Total capital assets being depreciated	
 	2,809,106	(235,912)	2,573,194	
Governmental activities capital assets, net	    $   2,809,106	$	(235,912)	$	$ 2,573,194 	

Depreciation was charged to the maintenance and operations function.

NOTE 7 - LONG TERM LIABILITIES

On December 1, 2013, the District issued $5,095,000 of Special Assessment Refunding  Bond  Series 2013 consisting of multiple term Bonds with maturity dates ranging from May 1, 2015 - May 1, 2035 and interest rates ranging from 1.5% - 5.125%. The Bonds were issued to refund the District's outstanding Special Assessment Bonds, Series 2004A (the "Refunded Bonds") and pay certain costs associated with the issuance of the Bonds. Interest is to be paid semiannually on each May 1 and November 1. Principal on the Bonds is to be paid serially commencing May 1, 2015 through May 1, 2035.

The Series 2013 Bonds are subject to redemption at the option of the District prior to maturity. The Series 2013 Bonds are subject to extraordinary mandatory redemption prior to maturity in  the  manner  determined by the Bond Registrar if certain events occurred as outlined in the Bond Indenture. During the current fiscal year the District prepaid $15,000 of the Bonds.

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, 2020.

NOTE 7 - LONG TERM LIABILITIES (Continued)

Changes in long-term liability activity for the fiscal year ended September 30, 2020 were as follows:

Beginning	Blding	Due Within
 	Balance	Additions	Reductions	Balance	One Year 
Governmental activities Bonds payable:
Series 2013	$4,205,000	$	$	195,000	$ 4,010,000	$	190,000
Less: Original issuance discount	44,574	3,184	41,390

Total	$4,160,426	$	$	191,816	$ 3,968,610	$	190,000

At September 30, 2020, the scheduled debt service requirements on the long-term debt were as follows:

Year ending	 		Governmental  Activities		  September 30: 		Principal		Interest	Total	
2021	$	190,000	$	195,679	$	385,679	
2022	195,000	188,316	383,316	
2023	205,000	180,516	385,516	
2024	215,000	171,804	386,804	
2025	225,000	162,344	387,344	
2026-2030	1,305,000	631,219	1,936,219	
2031-2035	 	1,675,000	266,244	1,941,244
$  4,010,000	$  1,796,122	$  5,806,122

NOTES-MANAGEMENT COMPANY

The District has contracted with a management company to perform services which include financial and accounting advisory services. Certain employees of the management company  also serve as officers of the District. Under the agreement, the District compensates the management company for management, accounting, financial reporting, computer and other administrative costs.

NOTE 9 - RISK MANAGEMENT

The District is exposed to various risks of loss related to torts; theft of, damage to, and destruction of assets; errors and omissions; and natural disasters. The District has obtained commercial insurance from independent third parties to mitigate the costs of these risks; coverage may not extend to all situations. There were no settled claims during the past three years.

NOTE 10-SUBSEQUENT EVENT

Subsequent to fiscal year end, the District prepaid a total of $10,000 of the Series 2013 Bonds. The prepayments were considered extraordinary mandatory redemptions as outlined in the Bond Indenture.

SCHEDULE OF REVENUES, EXPENDITURES AND CHANGES IN FUND BALANCE - BUDGET AND ACTUAL - GENERAL FUND FOR THE FISCAL YEAR ENDED SEPTMEBER 30, 2020

Variance with
Budgeted	Final  Budget -
   Amounts			Actual		Positiw Original & Final	 	Amounts	(Negatiw)

REVENUES
Assessments	$	255,225	$	258,972	$	3,747
Interest earnings	25	98	73
Total rewnues	 	255,250	259,070	3,820 

EXPENDITURES
Current:
General gowmment	113,094	100,692	12,402
Maintenance and operations	186,643	138,876	47,767

Total expenditures	 	299,737	239,568	60,169 

Excess (deficiency) of rewnues
owr (under) expenditures	(44,487)	19,502	63,989

OTHER FINANCING SOURCES
Carry forward	44,487	(44,487)
Transfer out	(16,078)	(16,078)
Total other financing sources		 	44,487			(16,078) 		(60,565) Net change in fund balances	$ 						3,424    $			3,424 
Fund balance - beginning	 	127,067	

Fund balance - ending	 $	130,491 

See notes to required supplementary information

NOTES TO REQUIRED SUPPLEMENTARY INFORMATION

The District is required to establish a budgetary system and an approved Annual Budget for the general fund. The District's budgeting process is based on estimates of cash receipts  and cash expenditures  which are approved by the Board. The budget approximates a basis consistent with accounting principles generally accepted in the United States of America (generally accepted accounting principles).

The legal level of budgetary control, the level at which expenditures may not exceed budget, is in the aggregate. Any budget amendments that increase the aggregate budgeted appropriations must be approved by the Board of Supervisors. Actual general fund expenditures  did  not exceed  appropriations for the fiscal year ended September 30, 2020.

23

u

Grau & Associates
CERTIFIED  PUBLIC ACCOUNTANTS

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
Heritage Park Community Development District St. Johns County , 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 Heritage Park Community Development District, St.  Johns  County, Florida ("District") as of and for the fiscal year ended September 30, 2020, and the related notes to the financial statements , which collectively comprise the District's basic financial statements , and have issued our opinion thereon dated December 3, 2020.
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 may exist that have not been identified .
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 , noncompl iance 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.

December 3, 2020

fj

Grau & Associates
CERTIFIED  PUBLIC ACCOUNTANTS

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 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
Heritage Park Community Development District St. Johns County , Florida

We have examined Heritage Park Community Development District, St. Johns County ,  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, 2020. Management is responsible for the 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, 2020.

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 Heritage Park Community Development District, St. Johns County, Florida and is not intended to be and should  not be used by anyone  other  than  these specified  p rties.
ii?-4M'  ,J-(,l.
December 3, 2020

Grau & Associates
CERTIFIED   PUBLIC ACCOUNTANTS

951 Yamato Road • Suite 280 Boca Raton , Florida  33431 (561) 994-9299 • (800) 299-4728
Fax (561) 994-5823
www.graucpa.com

MANAGEMENTLETTERPURSUANTTOTHERULESOF THE AUDITOR GENERAL FOR THE STATE OF FLORIDA

To the Board of Supervisors
Heritage Park Community Development District St. Johns County , Florida

Report on the Financial Statements

We have audited the accompanying basic financial statements of Heritage Park Community Development District, St. Johns County, Florida ("District") as of and for the fiscal year ended September 30, 2020, and have issued our report thereon dated December 3, 2020.

Auditor's Responsibility

We conducted our audit in accordance with auditing standards generally accepted in the United States of America ; Government Auditing Standards , issued by the Comptroller General of the United States ; and Chapter 10.550, Rules of the Florida Auditor General.

Other Reports and Schedule

We have issued our Independent Auditor 's Report on Internal Control over Financial Reporting and Compliance and Other Matters based on an audit of the financial statements performed  in accordance  with Government Auditing Standards; and Independent Accountant's Report on an  examination  conducted in accordance with A/CPA Professional Standards , AT-C Section 315, regarding compliance requirements in accordance with Chapter 10.5 50, Rules of the Auditor General. Disclosures in those reports, which are dated December 3, 2020, 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.
Ill. 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 Heritage Park Community Development District,  St. Johns County, Florida  and is not intended to be  and should not be used by anyone other than these specified parties

We wish to thank Heritage Park Community Development District, St. Johns County , 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.
December 3, 2020

REPORT TO MANAGEMENT

CURRENT YEAR FINDINGS AND RECOMMENDATIONS

None

PRIOR YEAR FINDINGS AND RECOMMENDATIONS

None

Ill. 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, 2019.

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, 2020.

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, 2020.

The name or official title and legal authority of the District are disclosed in the notes to the financial statements.

The District has not met one or more of the financial emergency conditions described in Section 218.503(1), Florida Statutes.

We applied financial condition assessment procedures and no deteriorating financial conditions were noted as of September 30, 2020. 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.