Venetian Parc Community Development District

Amended Final Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET - AREA ONE

AMENDED FINAL DEBT SERVICE FUND BUDGET - AREA TWO

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Administrative Assessments	82,379	84,644	84,644	
Maintenance Assessments	159,851	159,242	159,242	
Debt Assessments (Area One)	458,173	456,426	456,426	
Debt Assessments (Area Two)	455,392	453,662	453,662	
Other Revenue	0	0	0	
Interest Income	360	13,650	13,606	
TOTAL REVENUES	$	1,156,155	$	1,167,624	$	1,167,580	
				
EXPENDITURES				
ADMINISTRATIVE ASSESMENTS				
Supervisor Fees	0	4,200	4,200	
Payroll Taxes (Employer)	0	321	321	
Management	29,556	29,556	29,556	
Legal	11,000	16,400	14,949	
Assessment Roll	10,000	10,000	10,000	
Audit Fees	4,000	3,400	3,400	
Insurance	8,200	8,874	8,874	
Legal Advertisements	950	4,750	3,751	
Miscellaneous	1,100	1,800	1,452	
Postage	375	275	264	
Office Supplies	550	550	501	
Dues & Subscriptions	175	175	175	
Website Management	2,000	2,000	2,000	
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	350	350	350	
Continuing Disclosure Fee - Area Two	350	350	350	
Administrative Contingency	790	400	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	77,796	$	91,701	$	88,443	
				
MAINTENANCE ASSESSMENTS				
Park Maintenance Tract N	35,000	44,000	40,699	
Field Operations Management	1,320	1,320	1,320	
Community Entrance Signage Maintenance	5,200	18,000	15,465	
Street/Roadway Maintenance	5,000	12,000	9,745	
Electric Power Service/Misc	3,200	3,477	3,477	
Engineering/Annual Report/Inspections	3,500	1,700	666	
Sidewalk Maintenance (Pressure Cleaning & Milling)	15,000	19,000	16,253	
HOA Contribution (Palm Tree Fertilization)	5,850	5,848	5,848	
Tree Upkeep	33,770	17,000	13,019	
Security	10,000	0	0	
General Maintenance	3,750	1,000	0	
Maintenance Contingency (Well Lights, Etc.)	23,650	11,000	6,310	
Storm Preparedness	5,020	2,500	0	
TOTAL MAINTENANCE EXPENDITURES	$	150,260	$	136,845	$	112,802	
				
TOTAL EXPENDITURES	$	228,056	$	228,546	$	201,245	
				
REVENUES LESS EXPENDITURES	$	928,099	$	939,078	$	966,335	
				
Bond Payments (Area One)	(430,682)	(434,859)	(434,859)	
Bond Payments (Area Two)	(428,069)	(432,226)	(432,226)	
				
BALANCE	$	69,348	$	71,993	$	99,250	
				
County Appraiser & Tax Collector Fee	(23,116)	(11,093)	(11,093)	
Discounts For Early Payments	(46,232)	(43,326)	(43,326)	
				
Excess/ (Shortfall)	$	-	$	17,574	$	44,831	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-		$	44,831	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$136,926	
$17,574	
$154,500	

10/15/2024 6:12 PM	I

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (AREA ONE)
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Interest Income (Area One)	100	31,850	31,826	
NAV Tax Collection (Area One)	430,682	434,016	434,016	
Total Revenues	$	430,782	$	465,866	$	465,842	
				
EXPENDITURES				
Principal Payments (Area One)	120,000	115,000	115,000	
Interest Payments (Area One)	298,625	302,075	302,075	
Bond Redemption	12,157	0	0	
Total Expenditures	$	430,782	$	417,075	$	417,075	
				
Excess/Shortfall	$	-	$	48,791	$	48,767	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$703,353	
$48,791	
$752,144	

Notes
Reserve Fund Balance = $214,646*. Revenue Fund Balance = $537,498*.
Revenue Fund Balance To Be Used To Make 11/1/2024 Principal & Interest Payment Of $269,313 - Principal Payment Of $120,000 & Interest Payment Of $149,313.
* 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 9/30/24 =	November 2043
$4,635,000	May 1st & November 1st	

10/15/2024 6:12 PM	II

AMENDED FINAL BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (AREA TWO)
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Interest Income (Area Two)	100	44,048	44,048	
Bond Refunding Proceeds	0	3,775,000	3,775,000	
Bond Refunding Premium	0	122,511	122,511	
NAV Tax Collection (Area Two)	428,069	431,486	431,486	
Total Revenues	$	428,169	$	4,373,045	$	4,373,045	
				
EXPENDITURES				
Principal Payments (Area Two)	100,000	95,000	95,000	
Interest Payments (Area Two)	312,675	318,891	318,891	
Bond Refunding Cost Of Issuance	0	209,625	209,625	

Principal Payments (Area Two) - To Be Paid On 11-1-24	15,494	4,480,000	4,480,000	

Interest Payments (Area Two) - To Be Paid On 11-1-24	0	157,931	157,931	
Total Expenditures	$	428,169	$	5,261,447	$	5,261,447	
				
Excess/Shortfall	$	-	$	(888,402)	$	(888,402)	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$906,753	
$3,749,529	
$4,656,282	

Notes
Reserve Fund Balance = $10,000*. Interest Account Balance = $18,351* Escrow Account Balance = $4,637,931*.
Interest Account Balance To Be Used To Make 11/1/2024 Series 2024 Interest Payment Of $18,351 Escrow Account Balance To Be Used To Make 11/1/2024 Series 2013 Bond Payment Of $4,637,931 Principal Payment Of $4,480,000 & Interest Payment Of $157,931
* 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 =	November 2044	May 1st & November 1st	
Par Amount As Of 9/30/24 =	$4,480,000	Balance To Be Paid Off On 11/1/24	

Series 2024 Bond Refunding Information - Area Two
Original Par Amount =	$3,775,000	Annual Principal Payments Due:	
Interest Rate =	5.00%	November 1st	
Issue Date =	September 2024	Annual Interest Payments Due:	
Maturity Date =
Par Amount As Of 9/30/24 =	May 2044
$3,775,000	May 1st & November 1st	

10/15/2024 6:12 PM	III