Title: VI Amended Final Budget 2022-2023.xlsx
Author: JWalker

Venetian Isles Community Development District

Amended Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
VENETIAN ISLES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 8/31/23

Administrative Assessments | 65,110 | 65,993 | 65,993
Maintenance Assessments | 92,362 | 92,363 | 92,363
Debt Assessments | 344,402 | 344,404 | 344,404
Other Revenues | 0 | 0 | 0
Interest Income | 420 | 11,334 | 11,234
TOTAL REVENUES | $	502,294 | $	514,094 | $	513,994
EXPENDITURES | | |
MAINTENANCE EXPENDITURES | | |
Aquatic Maintenance - Lake Tracts - Herbicides | 9,800 | 10,000 | 9,165
Aquatic Maintenance - Lake Tracts - Grass Carps | 1,500 | 1,000 | 0
General Maintenance - Lake Tracts/Shoreline | 15,000 | 2,000 | 0
Drainage Structure Maintenance/Cleaning | 6,000 | 9,130 | 9,130
Roadway/Street Improvements - Repairs (Inc. Signs) | 9,000 | 6,500 | 4,421
Engineers Report/Inspections/Consulting | 1,500 | 25,000 | 12,116
Field Operations Management | 1,620 | 1,620 | 1,485
Miscellaneous Improvement Projects | 8,400 | 2,000 | 0
Security Camera/Cable/Monitoring | 2,500 | 1,500 | 1,301
Infrastructure Reserve Fund | 17,500 | 17,500 | 0
Pressure Cleaning | 6,000 | 5,250 | 5,250
Contingency/Maintenance | 8,000 | 3,500 | 1,300
TOTAL MAINTENANCE EXPENDITURES | $	86,820 | $	85,000 | $	44,168
ADMINISTRATIVE EXPENDITURES | | |
Supervisor Fees | 6,000 | 2,300 | 1,300
Payroll Taxes | 460 | 180 | 99
Management | 32,688 | 32,688 | 29,964
Secretarial | 4,200 | 4,200 | 3,850
Legal | 9,000 | 9,900 | 7,835
Assessment Roll | 6,000 | 6,000 | 0
Audit Fees | 3,600 | 3,600 | 3,600
Insurance | 6,800 | 6,356 | 6,356
Legal Advertisements | 700 | 700 | 371
Web Site Admin, Payroll Services, Meeting Room Rental & Mileage | 3,500 | 3,500 | 2,857
Office Supplies, Postage & Mailings | 1,550 | 1,000 | 582
Dues & Subscriptions | 175 | 175 | 175
Trustee Fee | 3,550 | 3,548 | 3,548
Continuing Disclosure Fee | 350 | 350 | 0
Administrative Contingency | 1,200 | 1,200 | 0
TOTAL ADMINISTRATIVE EXPENDITURES | $	79,773 | $	75,697 | $	60,537
TOTAL EXPENDITURES | $	166,593 | $	160,697 | $	104,705
REVENUES LESS EXPENDITURES | $	335,701 | $	353,397 | $	409,289
Bond Payments | (323,738) | (328,550) | (328,550)
BALANCE | $	11,963 | $	24,847 | $	80,739
County Appraiser & Tax Collector Fee | (10,038) | (4,841) | (4,841)
Discounts For Early Payments | (20,075) | (18,268) | (18,268)
EXCESS/ (SHORTFALL) | $	(18,150) | $	1,738 | $	57,630
Carryover From Prior Year | 18,150 | 18,150 | 0
NET EXCESS/ (SHORTFALL) | $	(0) | $	19,888 | $	57,630

FUND BALANCE AS OF 9/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 9/30/23

$435,816
$1,738
$437,554

Notes
Fund Balance Includes Infrastructure Reserve Funds.
Infrastructure Reserve Funds Balance As Of 8/31/2023 is $164,750. Unspent Infrastructure Reserve Funds To Be Added To Reserve Balance.
Carryover From Prior Year Of $18,150 used to reduce Fiscal Year 2022/2023 Assessments.
$19,050 Of Fund Balance To Be Used To Reduce 2023/2024 Assessments.

I

AMENDED FINAL BUDGET
VENETIAN ISLES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2022/2023 OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES

FISCAL YEAR 2022/2023 BUDGET
10/1/22 - 9/30/23

AMENDED FINAL BUDGET
10/1/22 - 9/30/23

YEAR TO DATE ACTUAL
10/1/22 - 8/31/23

Interest Income | 25 | 11,685 | 11,585
NAV Tax Collection | 323,713 | 328,550 | 328,550
Total Revenues | $	323,738 | $	340,235 | $	340,135
EXPENDITURES | | |
Principal Payments | 265,000 | 265,000 | 265,000
Interest Payments | 58,738 | 63,375 | 63,375
Total Expenditures | $	323,738 | $	328,375 | $	328,375
Excess/ (Shortfall) | $	- | $	11,860 | $	11,760

FUND BALANCE AS OF 9/30/22
FY 2022/2023 ACTIVITY
FUND BALANCE AS OF 9/30/23

$269,783
$11,860
$281,643

Notes
Reserve Fund Balance = $163,795*. Revenue Fund Balance = $112,605* Prepayment Account Balance = $5,243*.
Revenue Fund Balance To Be Used To Make 11/1/2023 Interest Payment Of $27,050.
* 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 8/31/23 =	$1,470,000

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