Veranda
Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

NOTES
Stormwater Reserve Balance As Of 9/30/25 Is $283,427.93 (Included In 9/30/25 Total Fund Balance). Carryover from prior year of $1,000 was used to reduce Fiscal Year 2024/2025 Assessments.
$9,560 of Fund Balance to be used to reduce 2025/2026 Assessments.

I

$410,389

$36,274

$446,663

$283,428

$163,235

TOTAL FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

TOTAL FUND BALANCE AS OF 9/30/25

STORMWATER RESERVE AS OF 9/30/25

NET FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

O & M Assessments

86,725

87,167

87,167

Debt Assessments

298,200

298,201

298,201

Other Revenue - Stormwater Fees

0

48,152

48,152

Interest Income

720

16,500

16,445

TOTAL REVENUES

$	385,645

$	450,020

$	449,965

EXPENDITURES

Supervisor Fees

0

0

0

Payroll Taxes - Employer

0

0

0

Engineering/Inspections

1,750

27,000

22,133

Management

39,972

39,972

39,972

Legal

10,500

5,000

1,935

Assessment Roll

5,000

5,000

5,000

Audit Fees

4,000

4,000

4,000

Insurance

7,900

7,511

7,511

Legal Advertisements

1,300

2,300

1,222

Miscellaneous

800

600

295

Postage

225

55

43

Office Supplies

525

275

227

Dues & Subscriptions

175

175

175

Trustee Fee

3,500

3,500

3,500

Continuing Disclosure Fee

500

500

350

Water Management/Drainage

0

0

0

Miscellaneous Maintenance

0

7,000

4,900

TOTAL EXPENDITURES

$	76,147

$	102,888

$	91,263

REVENUES LESS EXPENDITURES

$	309,498

$	347,132

$	358,702

Bond Payments

(280,308)

(281,168)

(281,168)

BALANCE

$	29,190

$	65,964

$	77,534

Tax Collector Fee

(7,548)

(7,410)

(7,410)

Property Appraiser Fee

(7,548)

(7,699)

(7,699)

Discounts For Early Payments

(15,094)

(14,581)

(14,581)

EXCESS/ (SHORTFALL)

$	(1,000)

$	36,274

$	47,844

Carryover From Prior Year

1,000

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	36,274

$	47,844

AMENDED FINAL BUDGET
VERANDA COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $144,978*. Revenue Fund Balance = $290,293*. Prepayment Fund Balance = $13,788*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Principal & Interest Payment Of $185,169 - Principal Payment Of $95,000 & Interest Payment Of $90,169.
Prepayment Fund Balance To Be Used To Make 11/1/2025 Extraordinary Principal Payment Of $10,000.
* Approximate Amounts

Series 2015 Bond Information

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$4,270,000 4.00% - 5.25%
September 2015
November 2045

Annual Principal Payments Due: November 1st
Annual Interest Payments Due:
May 1st & November 1st

Par Amount As Of 9/30/25 =

$3,510,000

II

$427,970

$21,089

$449,059

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

500

16,500

16,401

NAV Tax Collection

280,308

281,168

281,168

Prepaid Bond Collection

0

11,152

11,152

Total Revenues

$	280,808

$	308,820

$	308,722

EXPENDITURES

Principal Payments

95,000

95,000

95,000

Interest Payments

180,850

182,731

182,731

Bond Redemption

4,958

10,000

10,000

Total Expenditures

$	280,808

$	287,731

$	287,731

Excess/ (Shortfall)

$	-

$	21,089

$	20,991