Venetian Isles Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
VENETIAN ISLES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 8/31/19	
Administrative Assessments	67,888	68,617	68,617	
Maintenance Assessments	88,191	88,191	88,191	
Debt Assessments	345,866	345,866	345,866	
Other Revenues (Master Association)	0	41,821	41,821	
Interest Income	360	480	464	
				
TOTAL REVENUES	$	502,305	$	544,975	$	544,959	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
Aquatic Maintenance - Lake Tracts - Herbicides	9,600	9,000	7,245	
Aquatic Maintenance - Lake Tracts - Grass Carps	1,500	500	0	
General Maintenance - Lake Tracts/Shoreline	2,700	11,000	11,000	
Drainage Structure Maintenance/Cleaning	5,400	250	0	
Roadway/Street Improvements - Repairs (Inc. Signs)	8,400	16,000	4,445	
Engineers Report/Inspections/Consulting	2,400	1,500	1,488	
Field Operations Management	1,200	1,200	1,100	
Miscellaneous Improvement Projects	30,000	25,000	10,629	
Infrastructure Reserve Fund	17,500	500	0	
Storm Debris Removal	0	30,299	30,299	
Contingency/Maintenance	4,200	7,000	6,907	
TOTAL MAINTENANCE EXPENDITURES	$	82,900	$	102,249	$	73,113	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	6,000	3,200	2,200	
Payroll Taxes	460	269	169	
Management	30,048	30,048	27,544	
Secretarial	4,200	4,200	3,850	
Legal	9,000	11,000	9,785	
Assessment Roll	6,000	6,000	0	
Audit Fees	3,800	3,400	3,400	
Insurance	6,600	5,000	5,000	
Legal Advertisements	750	750	289	
Web Site Admin, Payroll Services & Mileage	3,000	3,000	2,858	
Office Supplies, Postage & Mailings	1,800	1,000	731	
Dues & Subscriptions	175	175	175	
Rental - Meeting Room	0	250	200	
Trustee Fee	3,550	3,548	3,548	
Continuing Disclosure Fee	350	350	0	
Administrative Contingency	1,200	500	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	76,933	$	72,690	$	59,749	
				
TOTAL EXPENDITURES	$	159,833	$	174,939	$	132,862	
				
REVENUES LESS EXPENDITURES	$	342,472	$	370,036	$	412,097	
				
Bond Payments	(325,114)	(329,934)	(329,934)	
				
BALANCE	$	17,358	$	40,102	$	82,163	
				
County Appraiser & Tax Collector Fee	(10,039)	(4,840)	(4,840)	
Discounts For Early Payments	(20,078)	(18,277)	(18,277)	
				
EXCESS/ (SHORTFALL)	$	(12,759)	$	16,985	$	59,046	
				
Carryover From Prior Year	12,759	12,759	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	29,744	$	59,046	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$266,913	
$16,985	
$283,898	

Notes
Carryover From Prior Year Of $12,759 to be used to reduce Fiscal Year 2018/2019 Assessments.
$13,580 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

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AMENDED FINAL BUDGET
VENETIAN ISLES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 8/31/19	
Interest Income	425	6,000	5,966	
NAV Tax Collection	325,114	329,934	329,934	
Prepaid Bond Collection	0	0	0	
Total Revenues	$	325,539	$	335,934	$	335,900	
				
EXPENDITURES				
Principal Payments	235,000	235,000	235,000	
Interest Payments	90,539	94,063	94,063	
				
Total Expenditures	$	325,539	$	329,063	$	329,063	
				
Excess/ (Shortfall)	$	-	$	6,871	$	6,837	

FUND BALANCE AS OF 9/30/18	
FY 2018/2019 ACTIVITY	
FUND BALANCE AS OF 9/30/19	

$257,899	
$6,871	
$264,770	

Notes
Reserve Fund Balance = $163,795*. Revenue Fund Balance = $95,975*
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $47,032.
* Approximate Amounts

2013 Bond Refunding Information
Original Par Amount =	$3,825,000
Interest Rate =	1.25% - 3.875%
Issue Date =	June 2013
Maturity Date =	May 2028
Par Amount As Of 9/1/19 =	$2,480,000

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