Venetian Parc Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

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 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Administrative Assessments	79,359	81,021	81,021	
Maintenance Assessments	42,287	42,292	42,292	
Debt Assessments (Area One)	458,173	458,173	458,173	
Debt Assessments (Area Two)	457,015	457,015	457,015	
Interest Income	240	305	296	
				
TOTAL REVENUES	$	1,037,074	$	1,038,806	$	1,038,797	
				
EXPENDITURES				
ADMINISTRATIVE ASSESMENTS				
Supervisor Fees	0	0	0	
Payroll Taxes (Employer)	0	0	0	
Management	26,388	26,388	26,388	
Legal	11,000	12,000	10,640	
Assessment Roll	10,000	10,000	10,000	
Audit Fees	4,000	3,600	3,600	
Insurance	8,400	5,000	5,000	
Legal Advertisements	850	850	560	
Miscellaneous	1,200	750	396	
Postage	325	125	111	
Office Supplies	600	475	428	
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	
Administrative Contingency	900	500	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	74,838	$	70,663	$	68,098	
				
MAINTENANCE ASSESSMENTS				
Park Maintenance Tract N	16,200	14,000	11,814	
Field Operations Management	900	900	900	
Community Entrance Signage Maintenance	4,200	250	0	
Street/Roadway Maintenance	2,600	750	575	
Electric Power Service/Misc	2,100	1,551	1,551	
Engineering/Annual Report/Inspections	1,500	2,000	200	
General Maintenance	3,750	3,700	2,862	
Maintenance Contingency	2,500	500	0	
Storm Preparedness	6,000	500	0	
				
TOTAL MAINTENANCE EXPENDITURES	$	39,750	$	24,151	$	17,902	
				
TOTAL EXPENDITURES	$	114,588	$	94,814	$	86,000	
				
REVENUES LESS EXPENDITURES	$	922,486	$	943,992	$	952,797	
				
Bond Payments (Area One)	(430,682)	(436,567)	(436,567)	
Bond Payments (Area Two)	(429,594)	(435,865)	(435,865)	
				
BALANCE	$	62,210	$	71,560	$	80,365	
				
County Appraiser & Tax Collector Fee	(20,737)	(9,993)	(9,993)	
Discounts For Early Payments	(41,473)	(38,460)	(38,460)	
				
Excess/ (Shortfall)	$	-	$	23,107	$	31,912	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-		$	31,912	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$58,605	
$23,107	
$81,712	

Notes
$5,000 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

10/14/2019 11:42 AM	I

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (AREA ONE)
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income (Area One)	200	11,030	11,017	
NAV Tax Collection (Area One)	430,682	436,567	436,567	
Total Revenues	$	430,882	$	447,597	$	447,584	
				
EXPENDITURES				
Principal Payments (Area One)	90,000	85,000	85,000	
Interest Payments (Area One)	328,925	331,475	331,475	
Bond Redemption	11,957	0	0	
Total Expenditures	$	430,882	$	416,475	$	416,475	
				
Excess/Shortfall	$	-	$	31,122	$	31,109	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$549,722	
$31,122	
$580,844	

Notes
Reserve Fund Balance = $210,975*. Revenue Fund Balance = $369,869*.
Revenue Fund Balance To Be Used To Make 11/1/2019 Principal & Interest Payment Of $254,463 - Principal Payment Of $90,000 & Interest Payment Of $164,463.
* 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 9/30/19 =	November 2043

$5,140,000	May 1st & November 1st	

10/14/2019 11:42 AM	II

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (AREA TWO)
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income (Area Two)	200	15,180	15,164	
NAV Tax Collection (Area Two)	429,594	435,865	435,865	
Total Revenues	$	429,794	$	451,045	$	451,029	
				
EXPENDITURES				
Principal Payments (Area Two)	75,000	70,000	70,000	
Interest Payments (Area Two)	344,025	346,256	346,256	
Bond Redemption	10,769	0	0	
Total Expenditures	$	429,794	$	416,256	$	416,256	
				
Excess/Shortfall	$	-	$	34,789	$	34,773	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$755,497	
$34,789	
$790,286	

Notes
Reserve Fund Balance = $424,827*. Revenue Account Balance = $365,459*.
Revenue Account Balance To Be Used To Make 11/1/2019 Principal & Interest Payment Of $247,013 - Principal Payment Of $75,000 & Interest Payment Of $172,013.
* 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 9/30/19 =	November 2044

$4,920,000	May 1st & November 1st	

10/14/2019 11:42 AM	III