Venetian Parc Community Development District

Proposed Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (AREA ONE)

IV

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (AREA TWO)

V

ASSESSMENT COMPARISON

PROPOSED BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

78,592

Maintenance Assessments

163,574

Debt Assessments (Area One)

456,550

Debt Assessments (Area Two)

316,808

Other Revenue

0

Interest Income

1,320

TOTAL REVENUES

$1,016,844

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

5,000

Payroll Taxes (Employer)

383

Management

32,148

Legal

11,000

Assessment Roll

10,000

Audit Fees

3,700

Insurance

10,000

Legal Advertisements

4,000

Miscellaneous

1,200

Postage

325

Office Supplies

525

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

$90,346

MAINTENANCE EXPENDITURES

Park Maintenance Tract N

40,000

Field Operations Management

1,320

Community Entrance Signage Maintenance

8,200

Street/Roadway Maintenance

4,500

Electric Power Service/Misc

3,200

Engineering/Annual Report/Inspections

3,500

Sidewalk Maintenance (Pressure Cleaning & Milling)

19,000

HOA Contribution (Palm Tree Fertilization)

5,850

Tree Upkeep

33,770

General Maintenance

3,250

Maintenance Contingency

23,150

Storm Drainage/Class V Permit

3,500

Storm Preparedness

4,520

TOTAL MAINTENANCE EXPENDITURES

$153,760

TOTAL EXPENDITURES

$244,106

REVENUES LESS EXPENDITURES

$772,738

Bond Payments - Area One

(429,157)

Bond Payments - Area Two

(297,800)

BALANCE

$45,781

County Appraiser & Tax Collector Fee

(20,310)

Discounts For Early Payments

(40,621)

EXCESS/ (SHORTFALL)

($15,150)

Carryover From Prior Year

15,150

NET EXCESS/ (SHORTFALL)

$0

DETAILED PROPOSED BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025
ACTUAL

FISCAL YEAR 2025/2026
BUDGET

FISCAL YEAR 2026/2027
BUDGET

COMMENTS

Administrative Assessments

84,727

78,644

78,592

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

159,568

163,575

163,574

Expenditures/.94

Debt Assessments (Area One)

457,359

458,173

456,550

Bond Payments/.94

Debt Assessments (Area Two)

454,590

319,166

316,808

Bond Payments/.94

Other Revenue

5,962

0

0

Interest Income

12,859

1,200

1,320

Projected At $110 Per Month

TOTAL REVENUES

$1,175,065

$1,020,758

$1,016,844

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

3,400

5,000

5,000

Supervisor Fees

Payroll Taxes (Employer)

260

383

383

Supervisor Fees * 7.65%

Management

30,432

31,308

32,148

CPI Adjustment

Legal

11,428

11,000

11,000

No Change From 2025/2026 Budget

Assessment Roll

10,000

10,000

10,000

As Per Contract

Audit Fees

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

Insurance

9,393

10,000

10,000

Fiscal Year 2025/2026 Expenditure Was $9,360

Legal Advertisements

3,876

4,000

4,000

Costs Have Increased Due To Closing Of The Miami Business Review

Miscellaneous

1,777

1,100

1,200

$100 Increase From 2025/2026 Budget

Postage

302

350

325

$25 Decrease From 2025/2026 Budget

Office Supplies

426

550

525

$25 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Arbitrage Rebate Fee - Areas One & Two

1,300

1,300

1,300

No Change From 2025/2026 Budget

Trustee Fee - Area One

3,500

3,550

3,550

No Change From 2025/2026 Budget

Trustee Fee - Area Two

3,500

3,550

3,550

No Change From 2025/2026 Budget

Continuing Disclosure Fee - Area One

350

350

350

No Change From 2025/2026 Budget

Continuing Disclosure Fee - Area Two

350

350

350

No Change From 2025/2026 Budget

Administrative Contingency

0

790

790

Administrative Contingency

TOTAL ADMINISTRATIVE EXPENDITURES

$85,969

$89,356

$90,346

MAINTENANCE EXPENDITURES

Park Maintenance Tract N

30,066

40,000

40,000

No Change From 2025/2026 Budget

Field Operations Management

1,320

1,320

1,320

No Change From 2025/2026 Budget

Community Entrance Signage Maintenance

10,148

7,200

8,200

$1,000 Increase From 2025/2026 Budget

Street/Roadway Maintenance

520

5,000

4,500

$500 Decrease From 2025/2026 Budget

Electric Power Service/Misc

3,618

3,200

3,200

No Change From 2025/2026 Budget

Engineering/Annual Report/Inspections

2,211

3,500

3,500

No Change From 2025/2026 Budget

Sidewalk Maintenance (Pressure Cleaning & Milling)

23,256

18,000

19,000

$1,000 Increase From 2025/2026 Budget

HOA Contribution (Palm Tree Fertilization)

5,848

5,850

5,850

No Change From 2025/2026 Budget

Tree Upkeep

28,473

33,770

33,770

No Change From 2025/2026 Budget

General Maintenance

0

3,750

3,250

$500 Decrease From 2025/2026 Budget

Maintenance Contingency

8,887

23,650

23,150

$500 Decrease From 2025/2026 Budget

Storm Drainage/Class V Permit

0

3,500

3,500

No Change From 2025/2026 Budget

Storm Preparedness

0

5,020

4,520

$500 Decrease From 2025/2026 Budget

TOTAL MAINTENANCE EXPENDITURES

$114,347

$153,760

$153,760

TOTAL EXPENDITURES

$200,316

$243,116

$244,106

REVENUES LESS EXPENDITURES

$974,749

$777,642

$772,738

Bond Payments - Area One

(435,853)

(430,682)

(429,157)

2027 P & I Payments Less Earned Interest

Bond Payments - Area Two

(433,213)

(300,017)

(297,800)

2027 P & I Payments Less Earned Interest

BALANCE

$105,683

$46,943

$45,781

County Appraiser & Tax Collector Fee

(11,116)

(20,391)

(20,310)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(43,149)

(40,783)

(40,621)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$51,418

($14,231)

($15,150)

Carryover From Prior Year

0

14,231

15,150

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$51,418

$0

$0

DETAILED PROPOSED DEBT SERVICE FUND (AREA ONE) BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/26 =

$4,385,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

31,551

1,000

1,500

Projected Interest For 2026/2027

NAV Tax Collection

435,853

430,682

429,157

Maximum Debt Service Collection

Prepaid Bond Collection

0

0

0

Total Revenues

$467,404

$431,682

$430,657

EXPENDITURES

Principal Payments

120,000

135,000

145,000

Principal Payment Due In 2027

Interest Payments

295,025

283,625

275,525

Interest Payments Due In 2027

Bond Redemption

0

13,057

10,132

Estimated Excess Debt Collections

Total Expenditures

$415,025

$431,682

$430,657

Excess/ (Shortfall)

$52,379

$0

$0

DETAILED PROPOSED DEBT SERVICE FUND (AREA TWO) BUDGET
VENETIAN PARC COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 =

$3,660,000 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 1/1/26 =

$3,660,000

IV

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

7,500

1,000

1,500

Projected Interest For 2026/2027

NAV Tax Collection

433,214

300,017

297,800

Maximum Debt Service Collection

Prepaid Bond Collection

26,993

0

0

Total Revenues

$467,707

$301,017

$299,300

EXPENDITURES

Principal Payments

115,000

120,000

125,000

Principal Payment Due In 2027

Interest Payments

112,726

180,000

172,625

Interest Payments Due In 2027

Bond Redemption

0

1,017

1,675

Estimated Excess Debt Collections

Total Expenditures

$227,726

$301,017

$299,300

Excess/ (Shortfall)

$239,981

$0

$0

Venetian Parc Community Development District Assessment Comparison

Fiscal Year 2023/2024
Assessment
 Before Discount* 

Fiscal Year 2024/2025
Assessment
 Before Discount* 

Fiscal Year 2025/2026
Assessment
 Before Discount* 

Fiscal Year 2026/2027
Projected Assessment
	Before Discount*	

Administrative
Maintenance Debt

$136.40
$264.66
$1,274.46

$136.40
$264.66
$1,274.46

$130.21
$270.82
$1,274.46

$130.13
$270.82
$1,274.46

Total For Area One Townhomes

$1,675.52

$1,675.52

$1,675.49

$1,675.41

Administrative
Maintenance Debt

$136.40
$264.66
$1,622.34

$136.40
$264.66
$1,622.34

$130.21
$270.82
$1,622.34

$130.13
$270.82
$1,622.34

Total For Area One Single Family Units

$2,023.40

$2,023.40

$2,023.37

$2,023.29

Administrative
Maintenance Debt

$136.40
$264.66
$1,274.46

$136.40
$264.66
$1,274.46

$130.21
$270.82
$794.99

$130.13
$270.82
$794.99

Total For Area Two Townhomes

$1,675.52

$1,675.52

$1,196.02

$1,195.94

Administrative
Maintenance Debt

$136.40
$264.66
$1,622.34

$136.40
$264.66
$1,622.34

$130.21
$270.82
$1,179.13

$130.13
$270.82
$1,179.13

Total For Area Two Single Family Units

$2,023.40

$2,023.40

$1,580.16

$1,580.08

* 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
3
208

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

90
211
301

 Area One Single Family Homes Information

Total Units
Prepayments Billed For Debt

211
1
210

Total Area One Units Total Area Two Units
Total Units

303
301
604

V