Venetian Parc Community Development District

Proposed Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (AREA ONE)

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (AREA TWO)

ASSESSMENT COMPARISON

PROPOSED BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	78,644	
Maintenance Assessments	163,575	
Debt Assessments (Area One)	458,173	
Debt Assessments (Area Two)	319,166	
Interest Income	1,200	
		
TOTAL REVENUES	$1,020,758	
		
EXPENDITURES		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	383	
Management	31,308	
Legal	11,000	
Assessment Roll	10,000	
Audit Fees	3,600	
Insurance	10,000	
Legal Advertisements	4,000	
Miscellaneous	1,100	
Postage	350	
Office Supplies	550	
Dues & Subscriptions	175	
Website Management	2,000	
Arbitrage Rebate Fee - Areas One & Two	1,300	
Trustee Fee - Area One	3,550	
Trustee Fee - Area Two	3,550	
Continuing Disclosure Fee - Area One	350	
Continuing Disclosure Fee - Area Two	350	
Administrative Contingency	790	
TOTAL ADMINISTRATIVE EXPENDITURES	$89,356	
		
MAINTENANCE EXPENDITURES		
Park Maintenance Tract N	40,000	
Field Operations Management	1,320	
Community Entrance Signage Maintenance	7,200	
Street/Roadway Maintenance	5,000	
Electric Power Service/Misc	3,200	
Engineering/Annual Report/Inspections	3,500	
Sidewalk Maintenance (Pressure Cleaning & Milling)	18,000	
HOA Contribution (Palm Tree Fertilization)	5,850	
Tree Upkeep	33,770	
Security	0	
General Maintenance	3,750	
Maintenance Contingency	23,650	
Storm Drainage/Class V Permit	3,500	
Storm Preparedness	5,020	
TOTAL MAINTENANCE EXPENDITURES	$153,760	
		
TOTAL EXPENDITURES	$243,116	
		
REVENUES LESS EXPENDITURES	$777,642	
		
Bond Payments - Area One	(430,682)	
Bond Payments - Area Two	(300,017)	
		
BALANCE	$46,943	
		
County Appraiser & Tax Collector Fee	(20,391)	
Discounts For Early Payments	(40,783)	
		
EXCESS/ (SHORTFALL)	($14,231)	
		
Carryover From Prior Year	14,231	
		
NET EXCESS/ (SHORTFALL)	$0	

I

DETAILED PROPOSED BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024
ACTUAL	
FISCAL YEAR 2024/2025
BUDGET	
FISCAL YEAR 2025/2026
BUDGET	

COMMENTS	
Administrative Assessments	84,659	82,379	78,644	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	159,242	159,851	163,575	Expenditures/.94	
Debt Assessments (Area One)	456,426	458,173	458,173	Bond Payments/.94	
Debt Assessments (Area Two)	453,662	455,392	319,166	Bond Payments/.94	
Interest Income	14,295	720	1,200	Projected At $100 Per Month	
					
TOTAL REVENUES	$1,168,284	$1,156,515	$1,020,758		
					
EXPENDITURES					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	4,600	0	5,000	Supervisor Fees	
Payroll Taxes (Employer)	352	0	383	Supervisor Fees * 7.65%	
Management	29,556	30,432	31,308	CPI Adjustment	
Legal	14,949	11,000	11,000	No Change From 2024/2025 Budget	
Assessment Roll	10,000	10,000	10,000	As Per Contract	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	8,874	9,400	10,000	Fiscal Year 2024/2025 Expenditure Was $9,393	
Legal Advertisements	3,751	2,000	4,000	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	1,503	1,100	1,100	No Change From 2024/2025 Budget	
Postage	264	375	350	$25 Decrease From 2024/2025 Budget	
Office Supplies	501	550	550	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Arbitrage Rebate Fee - Areas One & Two	1,300	1,300	1,300	No Change From 2024/2025 Budget	
Trustee Fee - Area One	3,500	3,550	3,550	No Change From 2024/2025 Budget	
Trustee Fee - Area Two	3,500	3,550	3,550	No Change From 2024/2025 Budget	
Continuing Disclosure Fee - Area One	350	350	350	No Change From 2024/2025 Budget	
Continuing Disclosure Fee - Area Two	350	350	350	No Change From 2024/2025 Budget	
Administrative Contingency	0	790	790	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$88,925	$80,422	$89,356		
					
MAINTENANCE EXPENDITURES					
Park Maintenance Tract N	41,699	35,000	40,000	$5,000 Increase From 2024/2025 Budget	
Field Operations Management	1,320	1,320	1,320	No Change From 2024/2025 Budget	
Community Entrance Signage Maintenance	15,465	5,200	7,200	$2,000 Increase From 2024/2025 Budget	
Street/Roadway Maintenance	9,745	5,000	5,000	No Change From 2024/2025 Budget	
Electric Power Service/Misc	3,477	3,200	3,200	No Change From 2024/2025 Budget	
Engineering/Annual Report/Inspections	666	3,500	3,500	No Change From 2024/2025 Budget	
Sidewalk Maintenance (Pressure Cleaning & Milling)	16,253	15,000	18,000	$3,000 Increase From 2024/2025 Budget	
HOA Contribution (Palm Tree Fertilization)	5,848	5,850	5,850	No Change From 2024/2025 Budget	
Tree Upkeep	12,019	33,770	33,770	No Change From 2024/2025 Budget	
Security	0	10,000	0	Line Item Eliminated	
General Maintenance	0	3,750	3,750	No Change From 2024/2025 Budget	
Maintenance Contingency	6,859	23,650	23,650	No Change From 2024/2025 Budget	
Storm Drainage/Class V Permit	0	0	3,500	New Requirement In Miami-Dade County	
Storm Preparedness	0	5,020	5,020	No Change From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$113,351	$150,260	$153,760		
					
TOTAL EXPENDITURES	$202,276	$230,682	$243,116		
					
REVENUES LESS EXPENDITURES	$966,008	$925,833	$777,642		
					
Bond Payments - Area One	(434,859)	(430,682)	(430,682)	2026 P & I Payments Less Earned Interest	
Bond Payments - Area Two	(432,226)	(428,069)	(300,017)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$98,923	$67,082	$46,943		
					
County Appraiser & Tax Collector Fee	(11,093)	(23,116)	(20,391)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(43,326)	(46,232)	(40,783)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$44,504	($2,266)	($14,231)		
					
Carryover From Prior Year	0	2,266	14,231	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$44,504	$0	$0		

II

DETAILED PROPOSED DEBT SERVICE FUND (AREA ONE) BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
35,116	
600	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
434,810	
430,682	
430,682	
Maximum Debt Service Collection	

Total Revenues	
$469,926	
$431,282	
$431,682		

EXPENDITURES					

Principal Payments	
115,000	
130,000	
135,000	
Principal Payment Due In 2026	

Interest Payments	
302,075	
291,425	
283,625	
Interest Payments Due In 2026	

Bond Redemption	
0	
9,857	
13,057	
Estimated Excess Debt Collections	

Total Expenditures	
$417,075	
$431,282	
$431,682		

Excess/ (Shortfall)	
$52,851	
$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 1/1/25 =	November 2043

$4,515,000			

III

DETAILED PROPOSED DEBT SERVICE FUND (AREA TWO) BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
46,738	
600	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
432,275	
428,069	
300,017	
Maximum Debt Service Collection	

Prepaid Bond Collection	
0	
0	
0		

Total Revenues	
$479,013	
$428,669	
$301,017		

EXPENDITURES					

Principal Payments	
95,000	
110,000	
120,000	
Principal Payment Due In 2026	

Interest Payments	
318,891	
309,488	
180,000	
Interest Payments Due In 2026	

Bond Redemption	
0	
9,181	
1,017	
Estimated Excess Debt Collections	

Total Expenditures	
$413,891	
$428,669	
$301,017		

Excess/ (Shortfall)	
$65,122	
$0	
$0		

Note: Series 2013 Area Two Bond Was Refinanced In September 2024.

Series 2024 Bond Refunding Information - Area Two

Original Par Amount =	$3,775,000	Annual Principal Payments Due:	May 1st	
Interest Rate =	5.00%	November 1st	May 1st & November 1st	
Issue Date =	September 2024	Annual Interest Payments Due:		
Maturity Date =

Par Amount As Of 1/1/25 =	May 2044

$3,775,000	May 1st & November 1st		

IV

Venetian Parc Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
	2022/2023	2023/2024	2024/2025	2025/2026	
	Assessment	Assessment	Assessment	Projected Assessment	
	 Before Discount*	 Before Discount* 	 Before Discount* 		Before Discount*		

Administrative	
$131.99	
$136.40	
$136.40	
$130.21	
Maintenance	$269.07	$264.66	$264.66	$270.82	
Debt	$1,274.46	$1,274.46	$1,274.46	$1,274.46	
Total For Area One Townhomes	$1,675.52	$1,675.52	$1,675.52	$1,675.49	

Administrative	
$131.99	
$136.40	
$136.40	
$130.21	
Maintenance	$269.07	$264.66	$264.66	$270.82	
Debt	$1,622.34	$1,622.34	$1,622.34	$1,622.34	
Total For Area One Single Family Units	$2,023.40	$2,023.40	$2,023.40	$2,023.37	

Administrative	
$131.99	
$136.40	
$136.40	
$130.21	
Maintenance	$269.07	$264.66	$264.66	$270.82	
Debt	$1,274.46	$1,274.46	$1,274.46	$794.99	
Total For Area Two Townhomes	$1,675.52	$1,675.52	$1,675.52	$1,196.02	

Administrative	
$131.99	
$136.40	
$136.40	
$130.21	
Maintenance	$269.07	$264.66	$264.66	$270.82	
Debt	$1,622.34	$1,622.34	$1,622.34	$1,179.13	
Total For Area Two Single Family Units	$2,023.40	$2,023.40	$2,023.40	$1,580.16	

* 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