Title: VP Final Budget 2022-2023.xlsx
Author: JWalker

Venetian Parc Community Development District

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET (AREA ONE)

DETAILED FINAL DEBT SERVICE FUND BUDGET (AREA TWO)

ASSESSMENT COMPARISON

FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES | FISCAL YEAR 2022/2023 BUDGET
Administrative Assessments | 79,719
Maintenance Assessments | 162,511
Debt Assessments (Area One) | 458,173
Debt Assessments (Area Two) | 455,392
Other Revenue | 0
Interest Income | 240
TOTAL REVENUES | $1,156,035
EXPENDITURES |
ADMINISTRATIVE EXPENDITURES |
Supervisor Fees | 0
Payroll Taxes (Employer) | 0
Management | 28,704
Legal | 11,000
Assessment Roll | 10,000
Audit Fees | 3,900
Insurance | 6,800
Legal Advertisements | 950
Miscellaneous | 1,100
Postage | 375
Office Supplies | 550
Dues & Subscriptions | 175
Website Management | 2,000
Arbitrage Rebate Fee - Area One | 650
Arbitrage Rebate Fee - Area Two | 650
Trustee Fee - Area One | 3,550
Trustee Fee - Area Two | 3,550
Continuing Disclosure Fee - Area One | 500
Continuing Disclosure Fee - Area Two | 500
Administrative Contingency | 222
TOTAL ADMINISTRATIVE EXPENDITURES | $75,176
MAINTENANCE EXPENDITURES |
Park Maintenance Tract N | 32,000
Field Operations Management | 1,320
Community Entrance Signage Maintenance | 5,200
Street/Roadway Maintenance | 5,000
Electric Power Service/Misc | 3,200
Engineering/Annual Report/Inspections | 3,500
Sidewalk Maintenance (Pressure Cleaning & Milling) | 15,000
HOA Contribution (Palm Tree Fertilization) | 5,850
Tree Upkeep | 33,770
Security | 10,000
General Maintenance | 3,750
Maintenance Contingency | 29,150
Storm Preparedness | 5,020
TOTAL MAINTENANCE EXPENDITURES | $152,760
TOTAL EXPENDITURES | $227,936
REVENUES LESS EXPENDITURES | $928,099
Bond Payments - Area One | (430,682)
Bond Payments - Area Two | (428,069)
BALANCE | $69,348
County Appraiser & Tax Collector Fee | (23,116)
Discounts For Early Payments | (46,232)
EXCESS/ (SHORTFALL) | $0
Carryover From Prior Year | 0
NET EXCESS/ (SHORTFALL) | $0

DETAILED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES | FISCAL YEAR 2020/2021 ACTUAL | FISCAL YEAR 2021/2022 BUDGET | FISCAL YEAR 2022/2023 BUDGET | COMMENTS
Administrative Assessments | 80,278 | 79,719 | 79,719 | Expenditures Less Interest & Carryover/.94
Maintenance Assessments | 103,127 | 102,117 | 162,511 | Expenditures/.94
Debt Assessments (Area One) | 458,173 | 458,173 | 458,173 | Bond Payments/.94
Debt Assessments (Area Two) | 455,393 | 455,392 | 455,392 | Bond Payments/.94
Other Revenue | 0 | 0 | 0 |
Interest Income | 542 | 240 | 240 | Projected At $20 Per Month
TOTAL REVENUES | $1,097,513 | $1,095,641 | $1,156,035 |
EXPENDITURES | | | |
ADMINISTRATIVE EXPENDITURES | | | |
Supervisor Fees | 0 | 0 | 0 | Supervisor Fees
Payroll Taxes (Employer) | 0 | 0 | 0 | Supervisor Fees * 7.65%
Management | 27,492 | 27,876 | 28,704 | CPI Adjustment (Capped At 3%)
Legal | 16,410 | 11,000 | 11,000 | No Change From 2021/2022 Budget
Assessment Roll | 10,000 | 10,000 | 10,000 | As Per Contract
Audit Fees | 3,800 | 3,900 | 3,900 | Accepted Amount For 2021/2022 Audit
Insurance | 6,493 | 6,800 | 6,800 | Insurance Estimate
Legal Advertisements | 528 | 950 | 950 | $100 Increase From 2021/2022 Budget
Miscellaneous | 1,267 | 1,100 | 1,100 | No Change From 2021/2022 Budget
Postage | 400 | 350 | 375 | $25 Increase From 2021/2022 Budget
Office Supplies | 258 | 625 | 550 | $75 Decrease From 2021/2022 Budget
Dues & Subscriptions | 175 | 175 | 175 | No Change From 2021/2022 Budget
Website Management | 2,000 | 2,000 | 2,000 | No Change From 2021/2022 Budget
Arbitrage Rebate Fee - Area One | 650 | 650 | 650 | No Change From 2021/2022 Budget
Arbitrage Rebate Fee - Area Two | 650 | 650 | 650 | No Change From 2021/2022 Budget
Trustee Fee - Area One | 3,500 | 3,550 | 3,550 | No Change From 2021/2022 Budget
Trustee Fee - Area Two | 3,500 | 3,550 | 3,550 | No Change From 2021/2022 Budget
Continuing Disclosure Fee - Area One | 350 | 500 | 500 | No Change From 2021/2022 Budget
Continuing Disclosure Fee - Area Two | 500 | 500 | 500 | No Change From 2021/2022 Budget
Administrative Contingency | 0 | 1,000 | 222 | Administrative Contingency
TOTAL ADMINISTRATIVE EXPENDITURES | $77,973 | $75,176 | $75,176 |
MAINTENANCE EXPENDITURES | | | |
Park Maintenance Tract N | 20,027 | 20,000 | 32,000 | $12,000 Increase From 2021/2022 Budget
Field Operations Management | 1,320 | 1,320 | 1,320 | No Change From 2021/2022 Budget
Community Entrance Signage Maintenance | 4,400 | 5,200 | 5,200 | No Change From 2021/2022 Budget
Street/Roadway Maintenance | 3,190 | 5,000 | 5,000 | No Change From 2021/2022 Budget
Electric Power Service/Misc | 1,988 | 3,200 | 3,200 | No Change From 2021/2022 Budget
Engineering/Annual Report/Inspections | 23,621 | 2,500 | 3,500 | $1,000 Increase From 2021/2022 Budget
Sidewalk Maintenance (Pressure Cleaning & Milling) | 0 | 15,000 | 15,000 | Sidewalk Maintenance (Pressure Cleaning & Milling)
HOA Contribution (Palm Tree Fertilization) | 0 | 5,850 | 5,850 | HOA Contribution (Palm Tree Fertilization)
Tree Upkeep | 0 | 0 | 33,770 | New Line Item
Security | 0 | 0 | 10,000 | New Line Item
General Maintenance | 18,132 | 3,750 | 3,750 | No Change From 2021/2022 Budget
Maintenance Contingency | 0 | 29,150 | 29,150 | No Change From 2021/2022 Budget
Storm Preparedness | 1,600 | 5,020 | 5,020 | No Change From 2021/2022 Budget
TOTAL MAINTENANCE EXPENDITURES | $74,278 | $95,990 | $152,760 |
TOTAL EXPENDITURES | $152,251 | $171,166 | $227,936 |
REVENUES LESS EXPENDITURES | $945,262 | $924,475 | $928,099 |
Bond Payments - Area One | (436,850) | (430,682) | (430,682) | 2023 P & I Payments Less Earned Interest
Bond Payments - Area Two | (434,408) | (428,069) | (428,069) | 2023 P & I Payments Less Earned Interest
BALANCE | $74,004 | $65,724 | $69,348 |
County Appraiser & Tax Collector Fee | (10,567) | (21,908) | (23,116) | Two Percent Of Total Assessment Roll
Discounts For Early Payments | (40,199) | (43,816) | (46,232) | Four Percent Of Total Assessment Roll
EXCESS/ (SHORTFALL) | $23,238 | $0 | $0 |
Carryover From Prior Year | 0 | 0 | 0 | Carryover From Prior Year
NET EXCESS/ (SHORTFALL) | $23,238 | $0 | $0 |

DETAILED FINAL DEBT SERVICE FUND (AREA ONE) BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES | FISCAL YEAR 2020/2021 ACTUAL | FISCAL YEAR 2021/2022 BUDGET | FISCAL YEAR 2022/2023 BUDGET | COMMENTS
Interest Income | 60 | 25 | 25 | Projected Interest For 2022/2023
NAV Tax Collection | 436,850 | 430,682 | 430,682 | Maximum Debt Service Collection
Total Revenues | $436,910 | $430,707 | $430,707 |
EXPENDITURES | | | |
Principal Payments | 95,000 | 105,000 | 115,000 | Principal Payment Due In 2023
Interest Payments | 320,675 | 311,825 | 305,525 | Interest Payments Due In 2023
Bond Redemption | 0 | 13,882 | 10,182 | Estimated Excess Debt Collections
Total Expenditures | $415,675 | $430,707 | $430,707 |
Excess/ (Shortfall) | $21,235 | $0 | $0 |

Series 2013 Bond Information - Area One

Original Par Amount = | $5,515,000 | Annual Principal Payments Due = | November 1st
Interest Rate = | 6.00% - 6.50% | Annual Interest Payments Due = | May 1st & November 1st
Issue Date = | October 2013 | |

Maturity Date =

Par Amount As Of 1/1/22 =

November 2043

$4,855,000

DETAILED FINAL DEBT SERVICE FUND (AREA TWO) BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES | FISCAL YEAR 2020/2021 ACTUAL | FISCAL YEAR 2021/2022 BUDGET | FISCAL YEAR 2022/2023 BUDGET | COMMENTS
Interest Income | 83 | 25 | 25 | Projected Interest For 2022/2023
NAV Tax Collection | 434,408 | 428,069 | 428,069 | Maximum Debt Service Collection
Prepaid Bond Collection | 16,915 | 0 | 0 |
Total Revenues | $451,406 | $428,094 | $428,094 |
EXPENDITURES | | | |
Principal Payments | 80,000 | 90,000 | 95,000 | Principal Payment Due In 2023
Interest Payments | 336,694 | 328,725 | 322,988 | Interest Payments Due In 2023
Bond Redemption | 15000 | 9,369 | 10,107 | Estimated Excess Debt Collections
Total Expenditures | $431,694 | $428,094 | $428,094 |
Excess/ (Shortfall) | $19,712 | $0 | $0 |

Series 2013 Bond Information - Area Two

Original Par Amount = | $5,175,000 | Annual Principal Payments Due = | November 1st
Interest Rate = | 6.375% - 7.125% | Annual Interest Payments Due = | May 1st & November 1st
Issue Date = | October 2013 | |

Maturity Date =

Par Amount As Of 1/1/22 =

November 2044

$4,680,000

Venetian Parc Community Development District Assessment Comparison

| Fiscal Year | Fiscal Year | Fiscal Year | Fiscal Year
2019/2020 | 2020/2021 | 2021/2022 | 2022/2023
Assessment | Assessment | Assessment | Projected Assessment
Before Discount* | Before Discount* | Before Discount* | Before Discount*
Administrative | $121.78 | $130.57 | $131.99 | $131.99
Maintenance | $79.53 | $170.74 | $169.07 | $269.07
Debt | $1,274.46 | $1,274.46 | $1,274.46 | $1,274.46
Total For Area One Townhomes | $1,475.77 | $1,575.77 | $1,575.52 | $1,675.52
Administrative | $121.78 | $130.57 | $131.99 | $131.99
Maintenance | $79.53 | $170.74 | $169.07 | $269.07
Debt | $1,622.34 | $1,622.34 | $1,622.34 | $1,622.34
Total For Area One Single Family Units | $1,823.65 | $1,923.65 | $1,923.40 | $2,023.40
Administrative | $121.78 | $130.57 | $131.99 | $131.99
Maintenance | $79.53 | $170.74 | $169.07 | $269.07
Debt | $1,274.46 | $1,274.46 | $1,274.46 | $1,274.46
Total For Area Two Townhomes | $1,475.77 | $1,575.77 | $1,575.52 | $1,675.52
Administrative | $121.78 | $130.57 | $131.99 | $131.99
Maintenance | $79.53 | $170.74 | $169.07 | $269.07
Debt | $1,622.34 | $1,622.34 | $1,622.34 | $1,622.34
Total For Area Two Single Family Units | $1,823.65 | $1,923.65 | $1,923.40 | $2,023.40
* Assessments Include the Following : | |
4% Discount for Early Payments | |
1% County Tax Collector Fee | |
1% County Property Appraiser Fee | |
Community Information: | | Area Two Single Family Homes Information
Area One Townhomes	96 | | Total Units	211
Area One Single Family Units	207 | | Prepayments	1
Total Area One Units	303 | | Billed For Debt	210
Area Two Townhomes	90 | |
Area Two Single Family Units	211 | |
Total Area Two Units	301 | |
Total Area One Units	303 | |
Total Area Two Units	301 | |
Total Units	604 | |
| V | 7/9/2022 8:49 AM

7/9/2022 8:49 AM