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

AMENDED FINAL BUDGET
VENETIAN PARC 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 - 8/31/21	
Administrative Assessments	78,859	80,256	80,256	
Maintenance Assessments	103,124	103,127	103,127	
Debt Assessments (Area One)	458,173	458,173	458,173	
Debt Assessments (Area Two)	455,392	455,393	455,393	
Interest Income	240	550	539	
				
TOTAL REVENUES	$	1,095,788	$	1,097,499	$	1,097,488	
				
EXPENDITURES				
ADMINISTRATIVE ASSESMENTS				
Supervisor Fees	0	0	0	
Payroll Taxes (Employer)	0	0	0	
Management	27,492	27,492	25,201	
Legal	11,000	19,500	11,543	
Assessment Roll	10,000	10,000	0	
Audit Fees	3,800	3,800	3,800	
Insurance	6,500	6,493	6,493	
Legal Advertisements	850	850	528	
Miscellaneous	1,100	1,250	1,021	
Postage	325	310	297	
Office Supplies	625	300	247	
Dues & Subscriptions	175	175	175	
Website Management	2,000	2,000	1,833	
Arbitrage Rebate Fee - Area One	650	650	650	
Arbitrage Rebate Fee - Area Two	650	650	650	
Trustee Fee - Area One	3,550	3,500	3,500	
Trustee Fee - Area Two	3,550	3,500	3,500	
Continuing Disclosure Fee - Area One	500	350	0	
Continuing Disclosure Fee - Area Two	500	500	0	
Administrative Contingency	1,100	500	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	74,367	$	81,820	$	59,438	
				
MAINTENANCE ASSESSMENTS				
Park Maintenance Tract N	20,000	25,000	20,027	
Field Operations Management	1,320	1,320	1,210	
Community Entrance Signage Maintenance	4,200	5,400	4,400	
Street/Roadway Maintenance	5,000	4,000	2,880	
Electric Power Service/Misc	3,200	2,500	1,841	
Engineering/Annual Report/Inspections	1,500	24,000	12,045	
General Maintenance	3,750	2,000	0	
Maintenance Contingency	52,948	35,000	18,132	
Storm Preparedness	5,020	2,500	0	
				
TOTAL MAINTENANCE EXPENDITURES	$	96,938	$	101,720	$	60,535	
				
TOTAL EXPENDITURES	$	171,305	$	183,540	$	119,973	
				
REVENUES LESS EXPENDITURES	$	924,483	$	913,959	$	977,515	
				
Bond Payments (Area One)	(430,682)	(436,850)	(436,850)	
Bond Payments (Area Two)	(428,069)	(434,408)	(434,408)	
				
BALANCE	$	65,732	$	42,701	$	106,257	
				
County Appraiser & Tax Collector Fee	(21,910)	(10,567)	(10,567)	
Discounts For Early Payments	(43,822)	(40,199)	(40,199)	
				
Excess/ (Shortfall)	$	-	$	(8,065)	$	55,491	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-		$	55,491	

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

$100,305	
($8,065)	
$92,240	

9/24/2021 8:10 AM	I

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (AREA ONE)
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 - 8/31/21	
Interest Income (Area One)	300	50	49	
NAV Tax Collection (Area One)	430,682	436,850	436,850	
Total Revenues	$	430,982	$	436,900	$	436,899	
				
EXPENDITURES				
Principal Payments (Area One)	100,000	95,000	95,000	
Interest Payments (Area One)	317,825	320,675	320,675	
Bond Redemption	13,157	0	0	
Total Expenditures	$	430,982	$	415,675	$	415,675	
				
Excess/Shortfall	$	-	$	21,225	$	21,224	

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

$606,814	
$21,225	
$628,039	

Notes
Reserve Fund Balance = $210,975*. Revenue Fund Balance = $417,064*.
Revenue Fund Balance To Be Used To Make 11/1/2021 Principal & Interest Payment Of $258,913 - Principal Payment Of $100,000 & Interest Payment Of $158,913.
* 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 9/30/21 =	November 2043

$4,955,000	May 1st & November 1st	

9/24/2021 8:10 AM	II

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (AREA TWO)
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 - 8/31/21	
Interest Income (Area Two)	300	71	70	
NAV Tax Collection (Area Two)	428,069	434,408	434,408	
Total Revenues	$	428,369	$	434,479	$	434,478	
				
EXPENDITURES				
Principal Payments (Area Two)	85,000	80,000	80,000	
Interest Payments (Area Two)	334,144	336,694	336,694	
Bond Redemption	9,225	15,000	15,000	
Total Expenditures	$	428,369	$	431,694	$	431,694	
				
Excess/Shortfall	$	-	$	2,785	$	2,784	

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

$834,849	
$2,785	
$837,634	

Notes
Reserve Fund Balance = $420,833*. Revenue Account Balance = $416,801*.
Revenue Account Balance To Be Used To Make 11/1/2021 Principal & Interest Payment Of $252,072 - Principal Payment Of $85,000 & Interest Payment Of $167,072.
* 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 9/30/21 =	November 2044

$4,750,000	May 1st & November 1st	

9/24/2021 8:10 AM	III