Venetian Parc Community Development District

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

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET (AREA ONE)

IV

DETAILED FINAL DEBT SERVICE FUND BUDGET (AREA TWO)

V

ASSESSMENT COMPARISON

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

I

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

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

II

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

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

Series 2013 Bond Information - Area One

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$5,515,000 6.00% - 6.50%
October 2013
November 2043

Annual Principal Payments Due =
Annual Interest Payments Due =

November 1st
May 1st & November 1st

Par Amount As Of 1/1/25 =

$4,515,000

III

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

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

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

Series 2024 Bond Refunding Information - Area Two

Original Par Amount = Interest Rate =
Issue Date =
Maturity Date =

$3,775,000 5.00%
September 2024
May 2044

Annual Principal Payments Due: November 1st
Annual Interest Payments Due:
May 1st & November 1st

May 1st
May 1st & November 1st

Par Amount As Of 1/1/25 =

$3,775,000

IV

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

Venetian Parc Community Development District Assessment Comparison

Fiscal Year 2022/2023
Assessment
 Before Discount*

Fiscal Year 2023/2024
Assessment
 Before Discount* 

Fiscal Year 2024/2025
Assessment
 Before Discount* 

Fiscal Year 2025/2026
Projected Assessment
	Before Discount*	

Administrative
Maintenance Debt
Total For Area One Townhomes

$131.99
$269.07
$1,274.46
$1,675.52

$136.40
$264.66
$1,274.46
$1,675.52

$136.40
$264.66
$1,274.46
$1,675.52

$130.21
$270.82
$1,274.46
$1,675.49

Administrative
Maintenance Debt
Total For Area One Single Family Units

$131.99
$269.07
$1,622.34
$2,023.40

$136.40
$264.66
$1,622.34
$2,023.40

$136.40
$264.66
$1,622.34
$2,023.40

$130.21
$270.82
$1,622.34
$2,023.37

Administrative
Maintenance Debt
Total For Area Two Townhomes

$131.99
$269.07
$1,274.46
$1,675.52

$136.40
$264.66
$1,274.46
$1,675.52

$136.40
$264.66
$1,274.46
$1,675.52

$130.21
$270.82
$794.99
$1,196.02

Administrative
Maintenance Debt

$131.99
$269.07
$1,622.34

$136.40
$264.66
$1,622.34

$136.40
$264.66
$1,622.34

$130.21
$270.82
$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
Area One Single Family Units Total Area One Units

96
207
303

Total Units
Prepayments Billed For Debt

211
1
210

Area Two Townhomes
Area Two Single Family Units Total Area Two Units

90
211
301

Total Area One Units Total Area Two Units
Total Units

303
301
604

V