Venetian Isles 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

IV

ASSESSMENT COMPARISON

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

I

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)

$	-

DETAILED FINAL BUDGET
VENETIAN ISLES 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

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

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET VENETIAN ISLES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

Series 2013 Bond Refunding Information

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

$3,825,000 1.25% - 3.875%
May 2013
May 2028

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/25 =

$1,195,000

III

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

$	-

$	-

Venetian Isles Community Development District Assessment Comparison

Fiscal Year 2022/2023
Assessment*

Fiscal Year 2023/2024
Assessment*

Fiscal Year 2024/2025
Assessment*

Fiscal Year 2025/2026
Projected Assessment*

Administrative
Maintenance Debt

$
$

113.63
161.19

$
$

113.55
161.19

$
$

113.83
161.19

$
$

166.30
625.83

$	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
Less Lot #30-4916-030-0090
Transfer To HOA Common Area Billed for O&M

574

1
573

 Community Information (Debt):	

Total Units Prepayments
Billed for Debt

574
3
571

IV