Veranda
Community Development District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
O & M Assessments	86,690	
Debt Assessments	297,214	
Other Revenue - Stormwater Fees	0	
Interest Income	1,200	
		
TOTAL REVENUES	$	385,104	
		
EXPENDITURES		
Supervisor Fees	0	
Payroll Taxes - Employer	0	
Engineering/Inspections	10,000	
Management	41,124	
Legal	10,000	
Assessment Roll	5,000	
Audit Fees	4,100	
Insurance	8,000	
Legal Advertisements	1,300	
Miscellaneous	750	
Postage	225	
Office Supplies	500	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Continuing Disclosure Fee	500	
Water Management/Drainage	0	
TOTAL EXPENDITURES	$	85,174	
		
REVENUES LESS EXPENDITURES	$	299,930	
		
Bond Payments	(279,381)	
		
BALANCE	$	20,549	
		
Tax Collector Fee	(7,527)	
Property Appraiser Fee	(7,527)	
Discounts For Early Payments	(15,055)	
		
EXCESS/ (SHORTFALL)	$	(9,560)	
		
Carryover Funds From Prior Year	9,560	
		
NET EXCESS/ (SHORTFALL)	$	-	

Note: Stormwater Reserve Balance As Of 6/30/25 Was $282,268.

I

DETAILED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
O & M Assessments	86,967	86,725	86,690	Expenditures Less Interest/Discounts & Fees	
Debt Assessments	299,187	298,200	297,214	Bond Payments/Discounts & Fees	
Other Revenue - Stormwater Fees	46,836	0	0		
Interest Income	20,209	720	1,200	Interest Projected At $100 Per Month	
					
TOTAL REVENUES	453,199	$	385,645	$	385,104		
					
EXPENDITURES					
Supervisor Fees	0	0	0		
Payroll Taxes - Employer	0	0	0		
Engineering/Inspections	6,628	1,750	10,000	$8,250 Increase From 2024/2025 Budget	
Management	38,808	39,972	41,124	CPI Adjustment	
Legal	6,090	10,500	10,000	$500 Decrease From 2024/2025 Budget	
Assessment Roll	5,000	5,000	5,000	As Per Contract	
Audit Fees	3,900	4,000	4,100	$100 Increase From 2024/2025 Budget	
Insurance	7,222	7,900	8,000	FY 2024/2025 Expenditure Was $7,511	
Legal Advertisements	1,315	1,300	1,300	No Change From 2024/2025 Budget	
Miscellaneous	283	800	750	$50 Decrease From 2024/2025 Budget	
Postage	137	225	225	No Change From 2024/2025 Budget	
Office Supplies	234	525	500	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	350	500	500	No Change From 2024/2025 Budget	
Water Management/Drainage	11,355	0	0		
TOTAL EXPENDITURES	84,997	$	76,147	$	85,174		
					
REVENUES LESS EXPENDITURES	368,202	$	309,498	$	299,930		
					
Bond Payments	(281,301)	(280,308)	(279,381)	2026 P & I Payments Less Earned Interest	
					
BALANCE	86,901	$	29,190	$	20,549		
					
Tax Collector Fee	(5,649)	(7,548)	(7,527)	Two Percent Of Total Assessment Roll	
Property Appraiser Fee	(7,720)	(7,548)	(7,527)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(14,671)	(15,094)	(15,055)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	58,861	$	(1,000)	$	(9,560)		
					
Carryover Funds From Prior Year	0	1,000	9,560	Carryover Funds From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	58,861	$	-	$	-		

Note: Stormwater Reserve Balance As Of 6/30/25 Was $282,268.

I

DETAILED FINAL DEBT SERVICE FUND BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR

2023/2024

ACTUAL	
FISCAL YEAR

2024/2025

BUDGET	
FISCAL YEAR

2025/2026

BUDGET	

COMMENTS	

Interest Income	
20,303	
500	
1,500	
Projected Interest For 2025/2026	

NAV Tax Collection	
281,301	
280,308	
279,381	
Maximum Debt Service Collection	

Prepaid Bond Collection	
11,511	
0	
0		

Total Revenues	
$	313,115	
$	280,808	
$	280,881		

EXPENDITURES					

Principal Payments	
105,000	
95,000	
105,000	
Principal Payment Due In 2026	

Interest Payments	
187,538	
180,850	
175,565	
Interest Payments Due In 2026	

Bond Redemption	
0	
4,958	
316	
Estimated Excess Debt Collections	

Total Expenditures	
$	292,538	
$	280,808	
$	280,881		

Excess/ (Shortfall)	
$	20,577	
$	-	
$	-		

Series 2015 Bond Information

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

Par Amount As Of 1/1/25 =	November 2045

$3,510,000		

III

VERANDA COMMUNITY DEVELOPMENT DISTRICT ASSESSMENT COMPARISON

	Fiscal Year				Fiscal Year				Fiscal Year				Fiscal Year		
	2022/2023				2023/2024				2024/2025				2025/2026		
	Assessment*				Assessment*				Assessment*				Projected Assessment*		

O & M For Single Family 42' Unit		
$	229.72				
$	229.60				
$	229.49				
$	229.45		
Debt For Single Family 42' Unit		$	606.00				$	606.00				$	606.00				$	606.00		
Total For Single Family 42' Unit		$	835.72				$	835.60				$	835.49				$	835.45		
O & M For Single Family 52' Unit		$	229.72				$	229.60				$	229.49				$	229.45		
Debt For Single Family 52' Unit		$	779.00				$	779.00				$	779.00				$	779.00		
Total For Single Family 52' Unit		$	1,008.72				$	1,008.60				$	1,008.49				$	1,008.45		
O & M For Single Family 66' Unit		$	229.72				$	229.60				$	229.49				$	229.45		
Debt For Single Family 66' Unit		$	987.00				$	987.00				$	987.00				$	987.00		
Total For Single Family 66' Unit		$	1,216.72				$	1,216.60				$	1,216.49				$	1,216.45		

	Note	
* Assessments Include the Following :	One New Prepayer in 24/25 For 25/26
4% Discount for Early Payments	Single Family 66'
County Tax Collector Fee County Property Appraiser Fee

Community Information:
Single Family 42' Units: 69
Single Family 52' Units: 210
Single Family 66' Units: 99
Total:	378 Units

Single Family 42' Information: Total Units: 69
Prepayments: 1 Billed For Debt: 68

Single Family 52' Information: Total Units: 210
Prepayments: 3 Billed For Debt: 207

Single Family 66' Information: Total Units: 99
Prepayments: 3 Billed For Debt: 96

IV