Veranda
Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
O & M Assessments	87,067	87,078	87,078	
Debt Assessments	300,781	300,781	300,781	
Other Revenue - Stormwater Fees	0	42,582	42,582	
Interest Income	240	230	225	
				
TOTAL REVENUES	$	388,088	$	430,671	$	430,666	
				
EXPENDITURES				
Supervisor Fees	0	0	0	
Payroll Taxes - Employer	0	0	0	
Engineering/Inspections	2,000	1,000	0	
Management	36,084	36,084	36,084	
Legal	13,500	5,000	1,208	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	3,700	3,600	3,600	
Insurance	6,600	6,038	6,038	
Legal Advertisements	1,200	1,200	927	
Miscellaneous	1,300	1,000	246	
Postage	225	90	78	
Office Supplies	650	225	181	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,500	3,500	3,500	
Continuing Disclosure Fee	1,000	500	500	
Water Management/Drainage	0	20,000	16,725	
				
TOTAL EXPENDITURES	$	74,934	$	83,412	$	74,262	
				
REVENUES LESS EXPENDITURES	$	313,154	$	347,259	$	356,404	
				
Bond Payments	(282,734)	(283,550)	(283,550)	
				
BALANCE	$	30,420	$	63,709	$	72,854	
				
Tax Collector Fee	(7,605)	(7,462)	(7,462)	
Property Appraiser Fee	(7,605)	(7,757)	(7,757)	
Discounts For Early Payments	(15,210)	(14,759)	(14,759)	
				
EXCESS/ (SHORTFALL)	$	-	$	33,731	$	42,876	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	33,731	$	42,876	

TOTAL FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
TOTAL FUND BALANCE AS OF 9/30/21	
STORMWATER RESERVE AS OF 9/30/21	
NET FUND BALANCE AS OF 9/30/21	

$177,239	
$33,731	
$210,970	
$113,232	
$97,738	

NOTE
Stormwater Reserve Balance As Of 9/30/21 Is $113,232 (Included In 9/30/21 Total Fund Balance)

AMENDED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 9/29/21	
Interest Income	200	29	28	
NAV Tax Collection	282,734	283,550	283,550	
Prepaid Bond Collection	0	7,617	7,617	
Total Revenues	$	282,934	$	291,196	$	291,195	
				
EXPENDITURES				
Principal Payments	85,000	75,000	75,000	
Interest Payments	197,563	199,363	199,363	
Bond Redemption	371	5,000	5,000	
Total Expenditures	$	282,934	$	279,363	$	279,363	
				
Excess/ (Shortfall)	$	-	$	11,833	$	11,832	

FUND BALANCE AS OF 9/30/20	
FY 2020/2021 ACTIVITY	
FUND BALANCE AS OF 9/30/21	

$358,421	
$11,833	
$370,254	

Notes
Reserve Fund Balance = $142,448*. Revenue Fund Balance = $224,112*. Prepayment Account = $3,694*
Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment Of $183,800 - Principal Payment Of $85,000 & Interest Payment Of $98,800.
* 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 9/30/21 =	November 2045

$3,890,000	May 1st & November 1st