Venetian Isles Community Development District

Final Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

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 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

95,779

Maintenance Assessments

358,596

Debt Assessments

341,735

Other Revenues

0

Interest Income

1,500

TOTAL REVENUES

$	797,610

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

36,624

Secretarial

4,200

Legal

17,000

Assessment Roll

6,000

Audit Fees

3,700

Insurance

8,400

Legal Advertisements

2,100

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

3,800

Office Supplies, Postage & Mailings

1,450

Dues & Subscriptions

175

Trustee Fee

3,850

Continuing Disclosure Fee

350

Administrative Contingency

1,200

TOTAL ADMINISTRATIVE EXPENDITURES

94,232

TOTAL EXPENDITURES

$	431,312

REVENUES LESS EXPENDITURES

$	366,298

Bond Payments

(321,231)

BALANCE

$	45,067

County Appraiser & Tax Collector Fee

(15,922)

Discounts For Early Payments

(31,845)

EXCESS/ (SHORTFALL)

$	(2,700)

Carryover From Prior Year

2,700

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
VENETIAN ISLES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Administrative Assessments

66,358

95,289

95,779

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

92,362

358,596

358,596

Expenditures/.94

Debt Assessments

344,216

342,869

341,735

Bond Payments/.94

Other Revenues

0

0

0

Interest Income

18,152

1,200

1,500

Interest Projected At $125 Per Month

TOTAL REVENUES

$	521,088

$	797,954

$	797,610

EXPENDITURES

MAINTENANCE EXPENDITURES

Aquatic Maintenance - Lake Tracts - Herbicides

10,372

10,700

10,700

No Change From 2025/2026 Budget

Aquatic Maintenance - Lake Tracts - Grass Carps

2,600

1,500

1,500

No Change From 2025/2026 Budget

General Maintenance - Lake Tracts/Shoreline Restoration

0

100,000

100,000

No Change From 2025/2026 Budget

Drainage Structure Maintenance/Cleaning

18,286

40,000

40,000

Five Year Project To Clean Whole System

Roadway/Street Improvements - Repairs (Including Signs)

2,890

9,000

9,000

No Change From 2025/2026 Budget

Storm Drainage/Class V Permit

0

3,500

3,500

No Change From 2025/2026 Budget

Engineers Report/Inspections/Consulting

13,839

3,250

3,250

No Change From 2025/2026 Budget

Field Operations Management

1,620

1,620

1,620

No Change From 2025/2026 Budget

Miscellaneous Improvement Projects

7,250

7,400

7,400

No Change From 2025/2026 Budget

Security Camera MTE/Cable/Monitoring

783

0

0

The HOA Will Be Taking Over This Responsibility

Infrastructure Reserve Fund

0

15,750

15,750

No Change From 2025/2026 Budget

Pressure Cleaning

7,207

7,500

7,500

No Change From 2025/2026 Budget

Sidewalk Milling/Replacements

0

7,000

7,000

No Change From 2025/2026 Budget

Contingency (Maintenance, Storm Clean-up, Sidewalks, etc.)

0

8,000

8,000

No Change From 2025/2026 Budget

Grounds Maintenance Contingency

62,500

63,360

63,360

For Mowing

Landscaping (Tree & Palm Trimming, Palm Fertilization, Misc.)

0

44,000

44,000

Landscaping (Tree & Palm Trimming, Palm Fertilization, Misc.)

Roadway Resurfacing, Signs & Markings

0

14,500

14,500

Second Year Of Ten Year Project

TOTAL MAINTENANCE EXPENDITURES

127,347

337,080

337,080

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

4,800

5,000

5,000

Supervisor Fees

Payroll Taxes

448

383

383

Supervisor Fees *7.65%

Management

34,668

35,664

36,624

CPI Adjustment

Secretarial

4,200

4,200

4,200

No Change From 2025/2026 Budget

Legal

18,563

15,000

17,000

$2,000 Increase From 2025/2026 Budget

Assessment Roll

6,000

6,000

6,000

As Per Contract

Audit Fees

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

Insurance

7,081

8,400

8,400

FY 25/26 Expenditure Was $7,468

Legal Advertisements

1,829

2,200

2,100

$100 Decrease From 2025/2026 Budget

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

4,036

3,700

3,800

$100 Increase From 2025/2026 Budget

Office Supplies, Postage & Mailings

2,901

1,350

1,450

$100 Increase From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fee

3,816

3,550

3,850

$300 Increase From 2025/2026 Budget

Continuing Disclosure Fee

350

350

350

No Change From 2025/2026 Budget

Administrative Contingency

0

1,200

1,200

No Change From 2025/2026 Budget

TOTAL ADMINISTRATIVE EXPENDITURES

92,367

90,772

94,232

TOTAL EXPENDITURES

$	219,714

$	427,852

$	431,312

REVENUES LESS EXPENDITURES

$	301,374

$	370,102

$	366,298

Bond Payments

(328,471)

(322,297)

(321,231)

2027 P & I Payments Less Earned Interest

BALANCE

$	(27,097)

$	47,805

$	45,067

County Appraiser & Tax Collector Fee

(4,841)

(15,935)

(15,922)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(18,117)

(31,870)

(31,845)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	(50,055)

$	-

$	(2,700)

Carryover From Prior Year

0

0

2,700

Carryover Balance From Prior Years

NET EXCESS/ (SHORTFALL)

$	(50,055)

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET VENETIAN ISLES COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 1/1/26 =

$910,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

14,332

1,500

1,500

Projected Interest For 2026/2027

NAV Tax Collection

328,471

322,297

321,231

2026 P & I Payments Less Earned Interest

Total Revenues

$	342,803

$	323,797

$	322,731

EXPENDITURES

Principal Payments

285,000

295,000

305,000

Principal Payment Due In 2027

Interest Payments

44,475

28,797

17,731

Interest Payments Due In 2027

Total Expenditures

$	329,475

$	323,797

$	322,731

Excess/ (Shortfall)

$	13,328

$	-

$	-

Venetian Isles Community Development District Assessment Comparison

Fiscal Year 2023/2024
Assessment*

Fiscal Year 2024/2025
Assessment*

Fiscal Year 2025/2026
Assessment*

Fiscal Year 2026/2027
Projected Assessment*

Administrative
Maintenance Debt

$
$

113.55
161.19

$
$

113.83
161.19

$
$

166.30
625.83

$
$

167.16
625.83

 $	603.16

$	602.83

 $	600.48

 $	598.49

Total

$

877.90

$

877.85

$

1,392.61

$

1,391.48

* 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