Veranda
Community Development District

Amended Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
O & M Assessments	87,930	88,110	88,110	
Debt Assessments	300,781	298,570	298,570	
Other Revenue - Stormwater Fees	0	41,062	41,062	
Interest Income	180	310	310	
				
TOTAL REVENUES	$	388,891	$	428,052	$	428,052	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Payroll Taxes - Employer	0	0	0	
Engineering/Inspections	2,500	2,500	1,155	
Management	35,280	35,280	35,280	
Legal	14,500	10,000	6,600	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,600	3,600	3,600	
Insurance	6,600	5,750	5,750	
Legal Advertisements	1,200	1,600	1,256	
Miscellaneous	1,400	1,000	260	
Postage	225	110	105	
Office Supplies	675	400	364	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,500	3,500	3,500	
Continuing Disclosure Fee	1,000	1,000	1,000	
Water Management/Drainage	0	90,619	85,619	
Lake Maintenance	0	10,290	10,290	
				
TOTAL EXPENDITURES	$	75,655	$	170,824	$	159,954	
				
REVENUES LESS EXPENDITURES	$	313,236	$	257,228	$	268,098	
				
Bond Payments	(282,734)	(283,869)	(283,869)	
				
BALANCE	$	30,502	$	(26,641)	$	(15,771)	
				
Tax Collector Fee	(7,626)	(5,274)	(5,274)	
Property Appraiser Fee	(7,626)	(7,774)	(7,774)	
Discounts For Early Payments	(15,250)	(14,375)	(14,375)	
				
EXCESS/ (SHORTFALL)	$	-	$	(54,064)	$	(43,194)	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(54,064)	$	(43,194)	

TOTAL FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
TOTAL FUND BALANCE AS OF 9/30/20	
STORMWATER RESERVE AS OF 9/30/20	
NET FUND BALANCE AS OF 9/30/20	

$218,983	
($54,064)	
$164,919	
$82,375	
$82,544	

NOTE
Stormwater Reserve Balance As Of 9/30/20 Is $82,375 (Included In 9/30/20 Total Fund Balance)

AMENDED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR  TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	200	2,697	2,674	
NAV Tax Collection	282,734	283,869	283,869	
Prepaid Bond Collection	0	0	0	
Total Revenues	$	282,934	$	286,566	$	286,543	
				
EXPENDITURES				
Principal Payments	80,000	75,000	75,000	
Interest Payments	201,800	202,831	202,831	
Bond Redemption	1,134	20,000	20,000	
Total Expenditures	$	282,934	$	297,831	$	297,831	
				
Excess/ (Shortfall)	$	-	$	(11,265)	$	(11,288)	

FUND BALANCE AS OF 9/30/19	
FY 2019/2020 ACTIVITY	
FUND BALANCE AS OF 9/30/20	

$369,687	
($11,265)	
$358,422	

Notes
Reserve Fund Balance = $142,598*. Revenue Fund Balance = $214,747*. Prepayment Account = $1,077*
Revenue Fund Balance To Be Used To Make 11/1/2020 Principal & Interest Payment Of $175,431 - Principal Payment Of $75,000 & Interest Payment Of $100,431.
* 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 9/30/20 =	November 2045

$3,970,000	May 1st & November 1st