Venetian Parc Community Development District

Amended Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - AREA ONE III	AMENDED FINAL DEBT SERVICE FUND BUDGET - AREA TWO

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR  TO DATE ACTUAL
10/1/17 - 9/29/18	
Administrative Assessments	60,677	61,708	61,708	
Maintenance Assessments	32,447	32,447	32,447	
Debt Assessments (Area One)	445,665	458,173	458,173	
Debt Assessments (Area Two)	445,093	457,015	457,015	
Interest Income	240	268	268	
				
TOTAL REVENUES	$	984,122	$	1,009,611	$	1,009,611	
				
EXPENDITURES				
ADMINISTRATIVE ASSESMENTS				
Supervisor Fees	0	0	0	
Management	25,848	25,848	25,848	
Legal	11,000	7,048	7,048	
Assessment Roll	10,000	10,000	10,000	
Audit Fees	3,900	3,900	3,900	
Insurance	6,003	5,750	5,750	
Legal Advertisements	900	900	618	
Miscellaneous	725	725	652	
Postage	325	425	414	
Office Supplies	600	800	776	
Dues & Subscriptions	175	175	175	
Website Management	1,500	1,500	1,500	
Arbitrage Rebate Fee - Area One	650	650	650	
Arbitrage Rebate Fee - Area Two	650	650	650	
Trustee Fee - Area One	3,600	3,500	3,500	
Trustee Fee - Area Two	3,600	3,500	3,500	
Continuing Disclosure Fee - Area One	500	500	500	
Continuing Disclosure Fee - Area Two	500	500	500	
TOTAL ADMINISTRATIVE EXPENDITURES	$	70,476	$	66,371	$	65,981	
				
MAINTENANCE ASSESSMENTS				
Park Maintenance Tract N	15,600	15,600	14,293	
Field Operations Management	750	750	750	
Community Entrance Signage Maintenance	4,200	500	0	
Street/Roadway Maintenance	2,600	500	0	
Electric Power Service/Misc	2,100	1,518	1,518	
Engineering/Annual Report/Inspections	1,500	970	970	
General Maintenance/Miscellaneous	3,750	1,000	0	
TOTAL MAINTENANCE EXPENDITURES	$	30,500	$	20,838	$	17,531	
				
TOTAL EXPENDITURES	$	100,976	$	87,209	$	83,512	
				
REVENUES LESS EXPENDITURES	$	883,146	$	922,402	$	926,099	
				
Bond Payments (Area One)	(418,925)	(436,262)	(436,262)	
Bond Payments (Area Two)	(418,388)	(435,517)	(435,517)	
				
BALANCE	$	45,833	$	50,623	$	54,320	
				
County Appraiser & Tax Collector Fee	(19,678)	(9,708)	(9,708)	
Discounts For Early Payments	(39,355)	(38,118)	(38,118)	
				
Excess/ (Shortfall)	$	(13,200)	$	2,797	$	6,494	
				
Carryover From Prior Year	13,200	13,200	0	
				
Net Excess/ (Shortfall)	$	-		$	6,494	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$52,111	
$2,797	
$54,908	

Notes
Carryover From Prior Year Of $13,200 was used to reduce Fiscal Year 2017/2018 Assessments.
$0 Of Fund Balance To Be Used To Reduce 2018/2019 Assessments.

10/30/2018 1:02 PM	I

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (AREA ONE)
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income (Area One)	100	6,957	6,957	
NAV Tax Collection (Area One)	418,925	436,262	436,262	
Total Revenues	$	419,025	$	443,219	$	443,219	
				
EXPENDITURES				
Principal Payments (Area One)	85,000	80,000	80,000	
Interest Payments (Area One)	334,025	336,425	336,425	
				
Total Expenditures	$	419,025	$	416,425	$	416,425	
				
Excess/Shortfall	$	-	$	26,794	$	26,794	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$522,927	
$26,794	
$549,721	

Notes
Reserve Fund Balance = $210,975*. Revenue Fund Balance = $338,746*.
Revenue Fund Balance To Be Used To Make 11/1/2018 Principal & Interest Payment Of $252,013 - Principal Payment Of $85,000 & Interest Payment Of $167,013.
* Approximate Amounts

 	Series 2013 Bond Information - Area One	
Original Par Amount =	$5,515,000	Annual Principal Payments Due:	
Interest Rate =	6.0% - 6.5%	November 1st	
Issue Date =	October 2013	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/18 =	November 2043

$5,225,000	May 1st & November 1st	

10/30/2018 1:02 PM	II

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (AREA TWO)
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income (Area Two)	100	9,611	9,611	
NAV Tax Collection (Area Two)	418,388	435,517	435,517	
Total Revenues	$	418,488	$	445,128	$	445,128	
				
EXPENDITURES				
Principal Payments (Area Two)	70,000	65,000	65,000	
Interest Payments (Area Two)	348,488	350,559	350,559	
				
Total Expenditures	$	418,488	$	415,559	$	415,559	
				
Excess/Shortfall	$	-	$	29,569	$	29,569	

FUND BALANCE AS OF 9/30/17	
FY 2017/2018 ACTIVITY	
FUND BALANCE AS OF 9/30/18	

$725,929	
$29,569	
$755,498	

Notes
Reserve Fund Balance = $420,819*. Revenue Account Balance = $334,679*.
Revenue Account Balance To Be Used To Make 11/1/2018 Principal & Interest Payment Of $244,244 - Principal Payment Of $70,000 & Interest Payment Of $174,244.
* Approximate Amounts

 	Series 2013 Bond Information - Area Two	
Original Par Amount =	$5,175,000	Annual Principal Payments Due:	
Interest Rate =	6.375% - 7.125%	November 1st	
Issue Date =	October 2013	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/18 =	November 2044

$4,990,000	May 1st & November 1st	

10/30/2018 1:02 PM	III