Venetian Isles Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
VENETIAN ISLES COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Fund Balance Includes Infrastructure Reserve Funds.
Infrastructure Reserve Funds Balance As Of 9/30/2025 is $182,250.
Unspent Infrastructure Reserve Funds To Be Added To Reserve Balance On 10/1/25. Carryover From Prior Year Of $70,080 used to reduce Fiscal Year 2024/2025 Assessments.

I

$499,731

($77,043)

$198,000

$224,688

OPERATING FUND BALANCE AS OF 09/30/24

FY 2024/2025 ACTIVITY

RESERVE FUNDS BALANCE AS OF 9/30/25

OPERATING FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Administrative Assessments

65,219

66,358

66,358

Maintenance Assessments

92,362

92,362

92,362

Debt Assessments

344,212

344,216

344,216

Other Revenues

0

0

0

Interest Income

840

18,300

18,152

TOTAL REVENUES

$	502,633

$	521,236

$	521,088

EXPENDITURES

MAINTENANCE EXPENDITURES

Aquatic Maintenance - Lake Tracts - Herbicides

9,800

10,372

10,372

Aquatic Maintenance - Lake Tracts - Grass Carps

1,500

2,600

2,600

General Maintenance - Lake Tracts/Shoreline

16,000

1,000

0

Drainage Structure Maintenance/Cleaning

6,000

20,000

18,286

Roadway/Street Improvements - Repairs (Inc. Signs)

9,000

4,000

2,890

Engineers Report/Inspections/Consulting

3,250

16,000

13,839

Field Operations Management

1,620

1,620

1,620

Miscellaneous Improvement Projects (Tree Pruning, Etc.)

7,400

9,500

7,250

Security Camera/Cable/Monitoring

2,500

1,000

783

Infrastructure Reserve Fund

15,750

15,750

0

Pressure Cleaning

6,000

7,207

7,207

Maintenance/Contingency

8,000

1,000

0

Grounds Maintenance Contingency

50,000

62,500

62,500

TOTAL MAINTENANCE EXPENDITURES

$	136,820

$	152,549

$	127,347

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

5,000

4,800

4,800

Payroll Taxes

383

448

448

Management

34,668

34,668

34,668

Secretarial

4,200

4,200

4,200

Legal

9,000

18,563

18,563

Assessment Roll

6,000

6,000

6,000

Audit Fees

3,500

3,500

3,500

Insurance

7,300

7,081

7,081

Legal Advertisements

2,000

3,000

1,829

Web Site Admin, Payroll Services, Meeting Room Rental & Mileage

3,500

4,100

3,968

Office Supplies, Postage & Mailings

1,400

3,000

2,901

Dues & Subscriptions

175

175

175

Trustee Fee

3,550

3,816

3,816

Continuing Disclosure Fee

350

350

350

Administrative Contingency

1,200

600

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	82,226

$	94,301

$	92,299

TOTAL EXPENDITURES

$	219,046

$	246,850

$	219,646

REVENUES LESS EXPENDITURES

$	283,587

$	274,386

$	301,442

Bond Payments

(323,559)

(328,471)

(328,471)

BALANCE

$	(39,972)

$	(54,085)

$	(27,029)

County Appraiser & Tax Collector Fee

(10,036)

(4,841)

(4,841)

Discounts For Early Payments

(20,072)

(18,117)

(18,117)

EXCESS/ (SHORTFALL)

$	(70,080)

$	(77,043)

$	(49,987)

Carryover From Prior Year

70,080

70,080

0

NET EXCESS/ (SHORTFALL)

$	-

$	(6,963)

$	(49,987)

AMENDED FINAL BUDGET
VENETIAN ISLES COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $163,795*. Revenue Fund Balance = $142,810* Prepayment Account Balance = $5,763*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $17,072.
* Approximate Amounts

2013 Bond Refunding Information

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

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

Par Amount As Of 9/30/25 =

$910,000

II

$299,040

$13,328

$312,368

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

750

14,332

14,332

NAV Tax Collection

323,559

328,471

328,471

Total Revenues

$	324,309

$	342,803

$	342,803

EXPENDITURES

Principal Payments

285,000

285,000

285,000

Interest Payments

39,309

44,475

44,475

Total Expenditures

$	324,309

$	329,475

$	329,475

Excess/ (Shortfall)

$	-

$	13,328

$	13,328