Venetian Isles 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

ASSESSMENT COMPARISON

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

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	95,289	
Maintenance Assessments	358,596	
Debt Assessments	342,869	
Other Revenues	0	
Interest Income	1,200	
		
TOTAL REVENUES	$	797,954	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Aquatic Maintenance - Lake Tracts - Herbicides	10,700	
Aquatic Maintenance - Lake Tracts - Grass Carps	1,500	
General Maintenance - Lake Tracts/Shoreline Restoration	100,000	
Drainage Structure Maintenance/Cleaning	40,000	
Roadway/Street Improvements - Repairs (Including Signs)	9,000	
Storm Drainage/Class V Permit	3,500	
Engineers Report/Inspections/Consulting	3,250	
Field Operations Management	1,620	
Miscellaneous Improvement Projects	7,400	
Security Camera MTE/Cable/Monitoring	0	
Infrastructure Reserve Fund	15,750	
Pressure Cleaning	7,500	
Sidewalk Milling/Replacements	7,000	
Contingency (Maintenance, Storm Clean-up, Sidewalks, etc.)	8,000	
Grounds Maintenance Contingency	63,360	
Landscaping (Tree & Palm Trimming, Palm Fertilization, Misc.)	44,000	
Roadway Resurfacing, Signs & Markings	14,500	
TOTAL MAINTENANCE EXPENDITURES	337,080	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes	383	
Management	35,664	
Secretarial	4,200	
Legal	15,000	
Assessment Roll	6,000	
Audit Fees	3,600	
Insurance	8,400	
Legal Advertisements	2,200	
Web Site Admin, Payroll Services, Meeting Room Rental & Mileage	3,700	
Office Supplies, Postage & Mailings	1,350	
Dues & Subscriptions	175	
Trustee Fee	3,550	
Continuing Disclosure Fee	350	
Administrative Contingency	1,200	
TOTAL ADMINISTRATIVE EXPENDITURES	90,772	
		
TOTAL EXPENDITURES	$	427,852	
		
REVENUES LESS EXPENDITURES	$	370,102	
		
Bond Payments	(322,297)	
		
BALANCE	$	47,805	
		
County Appraiser & Tax Collector Fee	(15,935)	
Discounts For Early Payments	(31,870)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	
I

DETAILED PROPOSED BUDGET
VENETIAN ISLES 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	66,145	65,219	95,289	Expenditures Less Interest & Carryover (30%)/.94	
Maintenance Assessments	92,524	92,362	358,596	Expenditures & Carryover (70%)/.94	
Debt Assessments	345,005	344,212	342,869	Bond Payments/.94	
Other Revenues	0	0	0		
Interest Income	24,035	840	1,200	Interest Projected At $100 Per Month	
					
TOTAL REVENUES	$	527,709	$	502,633	$	797,954		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Aquatic Maintenance - Lake Tracts - Herbicides	10,148	9,800	10,700	$900 Increase From 2024/2025 Budget	
Aquatic Maintenance - Lake Tracts - Grass Carps	0	1,500	1,500	No Change From 2024/2025 Budget	
General Maintenance - Lake Tracts/Shoreline Restoration	0	16,000	100,000	$84,000 Increase From 2024/2025 Budget	
Drainage Structure Maintenance/Cleaning	5,985	6,000	40,000	Five Year Project To Clean Whole System	
Roadway/Street Improvements - Repairs (Including Signs)	8,599	9,000	9,000	No Change From 2024/2025 Budget	
Storm Drainage/Class V Permit	0	0	3,500	New Requirement In Miami-Dade County	
Engineers Report/Inspections/Consulting	6,730	3,250	3,250	No Change From 2024/2025 Budget	
Field Operations Management	1,620	1,620	1,620	No Change From 2024/2025 Budget	
Miscellaneous Improvement Projects	0	7,400	7,400	No Change From 2024/2025 Budget	
Security Camera MTE/Cable/Monitoring	4,800	2,500	0	The HOA Will Be Taking Over This Responsibility	
Infrastructure Reserve Fund	0	15,750	15,750	No Change From 2024/2025 Budget	
Pressure Cleaning	0	6,000	7,500	$1,500 Increase From 2024/2025 Budget	
Sidewalk Milling/Replacements	0	0	7,000	Sidewalk Milling/Replacements	
Contingency (Maintenance, Storm Clean-up, Sidewalks, etc.)	21,037	8,000	8,000	No Change From 2024/2025 Budget	
Grounds Maintenance Contingency	0	50,000	63,360	For Mowing	
Landscaping (Tree & Palm Trimming, Palm Fertilization, Misc.)	0	0	44,000	Landscaping (Tree & Palm Trimming, Palm Fertilization, Misc.)	
Roadway Resurfacing, Signs & Markings	0	0	14,500	Ten Year Project	
TOTAL MAINTENANCE EXPENDITURES	58,919	136,820	337,080		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	1,500	5,000	5,000	Supervisor Fees	
Payroll Taxes	115	383	383	Supervisor Fees *7.65%	
Management	33,660	34,668	35,664	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	19,408	9,000	15,000	FY 24/25 Expenditures Through April 2025 Was $8,203	
Assessment Roll	6,000	6,000	6,000	As Per Contract	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	6,637	7,300	8,400	FY 24/25 Expenditure Was $6,637	
Legal Advertisements	1,995	2,000	2,200	$200 Increase From 2024/2025 Budget	
Web Site Admin, Payroll Services, Meeting Room Rental & Mileage	3,692	3,500	3,700	$200 Increase From 2024/2025 Budget	
Office Supplies, Postage & Mailings	816	1,400	1,350	$50 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fee	3,547	3,550	3,550	No Change From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Administrative Contingency	0	1,200	1,200	No Change From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	85,495	82,226	90,772		
					
TOTAL EXPENDITURES	$	144,414	$	219,046	$	427,852		
					
REVENUES LESS EXPENDITURES	$	383,295	$	283,587	$	370,102		
					
Bond Payments	(328,434)	(323,559)	(322,297)	2026 P & I Payments Less Earned Interest	
					
BALANCE	$	54,861	$	(39,972)	$	47,805		
					
County Appraiser & Tax Collector Fee	(5,756)	(10,036)	(15,935)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(18,392)	(20,072)	(31,870)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	30,713	$	(70,080)	$	-		
					
Carryover From Prior Year	0	70,080	0	Carryover Balance From Prior Years	
					
NET EXCESS/ (SHORTFALL)	$	30,713	$	-	$	-		
II

DETAILED PROPOSED DEBT SERVICE FUND BUDGET VENETIAN ISLES 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	
16,986	
750	
1,500	
Projected Interest For 2025/2026	

NAV Tax Collection	
328,434	
323,559	
322,297	
2026 P & I Payments Less Earned Interest	

Total Revenues	
$	345,420	
$	324,309	
$	323,797		

EXPENDITURES					

Principal Payments	
275,000	
285,000	
295,000	
Principal Payment Due In 2026	

Interest Payments	
54,100	
39,309	
28,797	
Interest Payments Due In 2026	

Total Expenditures	
$	329,100	
$	324,309	
$	323,797		

Excess/ (Shortfall)	
$	16,320	
$	-	
$	-		

Series 2013 Bond Refunding Information
Original Par Amount =	$3,825,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	1.25% - 3.875%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	May 2013			
Maturity Date =

Par Amount As Of 1/1/25 =	May 2028

$1,195,000			

III

Venetian Isles 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*	

Administrative	$	113.63	$	113.55	$	113.83	$	166.30	
Maintenance	$	161.19	$	161.19	$	161.19	$	625.83	
Debt	$	603.16	$	603.16	$	602.83	$	600.48	
Total	$	877.98	$	877.90	$	877.85	$	1,392.61	

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

 Community Information (O&M):	

Total Units	574	
Less Lot #30-4916-030-0090		
Transfer To HOA Common Area	1	
Billed for O&M	573	

 Community Information (Debt):	

Total Units	574	
Prepayments	3	
Billed for Debt	571	

IV