Veranda
Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
O & M Assessments	88,570	88,665	88,665	
Debt Assessments	303,117	303,077	303,077	
Other Revenue - Stormwater Fees	0	38,848	38,848	
Interest Income	120	480	465	
				
TOTAL REVENUES	$	391,807	$	431,070	$	431,055	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Payroll Taxes - Employer	0	0	0	
Engineering/Inspections	2,500	2,000	877	
Management	34,632	34,632	34,632	
Legal	16,000	4,000	1,533	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,500	3,500	3,500	
Insurance	6,200	6,041	6,041	
Legal Advertisements	1,200	1,200	723	
Miscellaneous	1,500	1,500	227	
Postage	250	160	148	
Office Supplies	700	325	276	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,500	3,500	3,500	
Continuing Disclosure Fee	1,000	1,000	1,000	
				
TOTAL EXPENDITURES	$	76,157	$	63,033	$	57,632	
				
REVENUES LESS EXPENDITURES	$	315,650	$	368,037	$	373,423	
				
Bond Payments	(284,930)	(285,671)	(285,671)	
				
BALANCE	$	30,720	$	82,366	$	87,752	
				
Tax Collector Fee	(7,680)	(7,516)	(7,516)	
Property Appraiser Fee	(7,680)	(7,814)	(7,814)	
Discounts For Early Payments	(15,360)	(14,978)	(14,978)	
				
EXCESS/ (SHORTFALL)	$	-	$	52,058	$	57,444	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	52,058	$	57,444	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	
STORMWATER RESERVE AS OF 9/30/19	
NET FUND BALANCE AS OF 9/30/19	

$160,300	
$52,058	
$212,358	
$142,222	
$70,136	

NOTE
Stormwater Reserve Balance As Of 9/30/19 Is $142,222 (Included In 9/30/19 Fund Balance)

AMENDED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR  TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	100	6,550	6,525	
NAV Tax Collection	284,930	285,671	284,939	
Prepaid Bond Collection	0	30,840	30,840	
Total Revenues	$	285,030	$	323,061	$	322,304	
				
EXPENDITURES				
Principal Payments	75,000	75,000	75,000	
Interest Payments	205,313	206,813	206,813	
Bond Redemption	4,717	10,000	10,000	
Total Expenditures	$	285,030	$	291,813	$	291,813	
				
Excess/ (Shortfall)	$	-	$	31,248	$	30,491	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$337,826	
$31,248	
$369,074	

Notes
Reserve Fund Balance = $143,812*. Revenue Fund Balance = $204,294*. Prepayment Account = $20,968*
Revenue Fund Balance To Be Used To Make 11/1/2019 Principal & Interest Payment Of $177,400 - Principal Payment Of $75,000 & Interest Payment Of $102,400.
Prepayment Account Balance To Be Used To Make 11/1/2019 Extraordinary Principal Payment Of $20,000.
* Approximate Amounts

Series 2015 Bond Information
Original Par Amount =	$4,270,000	Annual Principal Payments Due:	
Interest Rate =	4.00% - 5.25%	November 1st	
Issue Date =	September 2015	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19 =	November 2045

$4,065,000	May 1st & November 1st