Veranda Landing	
Community Development District	

Adopted Budget	
FY 2026	

Table of Contents

1	General Fund

2	Narratives

3-4	Debt Service Fund Series 2023

5	Assessment Schedule

Veranda Landing	
Community Development District	
Adopted Budget	
General Fund	

Adopted
Description	Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
FY2025	7/31/25	2 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - On Roll	$	69,175	$	63,956	$	-	$	63,956	$	63,641	

TOTAL REVENUES	$	69,175	$	63,956	$	-	$	63,956	$	63,641	

EXPENDITURES:
Administrative

Engineering	$	4,000	$	5,183	$	-	$	5,183	$	3,000	
Attorney	12,500	6,734	1,000	7,734	9,000	
Annual Audit	3,600	3,600	-	3,600	3,744	
Assessment Administration	2,100	2,100	-	2,100	2,226	
Dissemination Agent	2,100	1,750	350	2,100	2,226	
Trustee Fees	6,125	3,892	-	3,892	4,434	
Management Fees	26,250	21,875	4,375	26,250	27,825	
Information Technology	525	438	88	525	557	
Website Maintenance	1,500	1,250	250	1,500	1,590	
Postage & Delivery	400	55	45	100	250	
Insurance General Liability	5,500	5,200	-	5,200	6,350	
Printing & Binding	500	6	94	100	264	
Legal Advertising	1,500	125	805	930	1,500	
Other Current Charges	2,400	98	4,470	4,567	500	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$	69,175	$	52,481	$	11,475	$	63,956	$	63,641	

TOTAL EXPENDITURES	$	69,175	$	52,481	$	11,475	$	63,956	$	63,641	

EXCESS REVENUES (EXPENDITURES)	$	-	$	11,475	$	(11,475)	$	-	$	-	

Neighborhood	Assessable Units	Net Assessment	Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase / (Decrease)	

Single Family	230	$	63,641	$	69,175	$	300.76	$	300.76	$	-	

TOTAL	230	$	63,641	$	69,175	

Veranda Landing	
Community Development District	
Budget Narrative	
Fiscal Year 2026	

REVENUES	
Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the
operating expenditures during the Fiscal Year.	

Expenditures - Administrative	
Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Dissemination Agent	
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
Trustee Fees	
The District bonds are held and administered by a Trustee at US Bank. This represents the trustee annual fee.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Department of Economic Opportunity Community Affairs for $175.	

Veranda Landing	
Community Development District	
Adopted Budget	
Debt Service Series 2023 Special Assessment Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2025	7/31/25	2 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments-On Roll	$	204,016	$	204,432	$	-	$	204,432	$	204,076	
Interest Earnings	5,000	8,874	-	8,874	5,000	
Carry Forward Surplus (1)	89,942	90,997	-	90,997	97,564	

TOTAL REVENUES	$	298,958	$	304,303	$	-	$	304,303	$	306,640	

EXPENDITURES:

Interest 12/15	
Interest 06/15	
Principal 06/15	

$	78,988	$	78,988	$	-	$	78,988	$	77,975	
78,988	78,988	-	78,988	77,975	
45,000	45,000	-	45,000	50,000	

TOTAL EXPENDITURES	$	202,975	$	202,975	$	-	$	202,975	$	205,950	

Other Sources/(Uses)

Interfund transfer In/(Out)	$	-	$	(3,764)	$	-	$	(3,764)	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	(3,764)	$	-	$	(3,764)	$	-	

TOTAL EXPENDITURES	$	202,975	$	206,739	$	-	$	206,739	$	205,950	

EXCESS REVENUES (EXPENDITURES)	$	95,983	$	97,564	$	-	$	97,564	$	100,690	

Interest Due 12/15/2026	 $	76,850 	
	 $	76,850 	

(1) Carry Forward is Net of Reserve Requirement

Neighborhood	Assessable Units	Net Assessment	Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase / (Decrease)	

Single Family	230	$	204,076	$	221,821	$	964.44	$	964.44	$	-	

TOTAL	230	$	204,076	$	221,821	

Veranda Landing	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2023 Special Assessment Bonds	

Period	Outstanding Balance	Coupon	Principal	Interest	Annual Debt Service	

12/15/25	$	3,025,000	4.50%	-	$	77,975	$	201,963	
06/15/26	3,025,000	4.50%	50,000	77,975		
12/15/26	3,025,000	4.50%	-	76,850	204,825	
06/15/27	3,025,000	4.50%	50,000	76,850		
12/15/27	3,025,000	4.50%	-	75,725	202,575	
06/15/28	3,025,000	4.50%	55,000	75,725		
12/15/28	3,025,000	4.50%	-	74,488	205,213	
06/15/29	3,025,000	4.50%	55,000	74,488		
12/15/29	3,025,000	4.50%	-	73,250	202,738	
06/15/30	3,025,000	4.50%	60,000	73,250		
12/15/30	3,025,000	5.25%	-	71,900	205,150	
06/15/31	3,025,000	5.25%	60,000	71,900		
12/15/31	3,025,000	5.25%	-	70,325	202,225	
06/15/32	3,025,000	5.25%	65,000	70,325		
12/15/32	3,025,000	5.25%	-	68,619	203,944	
06/15/33	3,025,000	5.25%	65,000	68,619		
12/15/33	3,025,000	5.25%	-	66,913	200,531	
06/15/34	3,025,000	5.25%	70,000	66,913		
12/15/34	3,025,000	5.25%	-	65,075	201,988	
06/15/35	3,025,000	5.25%	75,000	65,075		
12/15/35	3,025,000	5.25%	-	63,106	203,181	
06/15/36	3,025,000	5.25%	80,000	63,106		
12/15/36	3,025,000	5.25%	-	61,006	204,113	
06/15/37	3,025,000	5.25%	85,000	61,006		
12/15/37	3,025,000	5.25%	-	58,775	204,781	
06/15/38	3,025,000	5.25%	90,000	58,775		
12/15/38	3,025,000	5.25%	-	56,413	205,188	
06/15/39	3,025,000	5.25%	95,000	56,413		
12/15/39	3,025,000	5.25%	-	53,919	205,331	
06/15/40	3,025,000	5.25%	95,000	53,919		
12/15/40	3,025,000	5.25%	-	51,425	200,344	
06/15/41	3,025,000	5.25%	105,000	51,425		
12/15/41	3,025,000	5.25%	-	48,669	205,094	
06/15/42	3,025,000	5.25%	110,000	48,669		
12/15/42	3,025,000	5.25%	-	45,781	204,450	
06/15/43	3,025,000	5.25%	115,000	45,781		
12/15/43	3,025,000	5.50%	-	42,763	203,544	
06/15/44	3,025,000	5.50%	120,000	42,763		
12/15/44	3,025,000	5.50%	-	39,463	202,225	
06/15/45	3,025,000	5.50%	125,000	39,463		
12/15/45	3,025,000	5.50%	-	36,025	200,488	
06/15/46	3,025,000	5.50%	135,000	36,025		
12/15/46	3,025,000	5.50%	-	32,313	203,338	
06/15/47	3,025,000	5.50%	140,000	32,313		
12/15/47	3,025,000	5.50%	-	28,463	200,775	
06/15/48	3,025,000	5.50%	150,000	28,463		
12/15/48	3,025,000	5.50%	-	24,338	202,800	
06/15/49	3,025,000	5.50%	160,000	24,338		
12/15/49	3,025,000	5.50%	-	19,938	204,275	
06/15/50	3,025,000	5.50%	170,000	19,938		
12/15/50	3,025,000	5.50%	-	15,263	205,200	
06/15/51	3,025,000	5.50%	175,000	15,263		
12/15/51	3,025,000	5.50%	-	10,450	200,713	
06/15/52	3,025,000	5.50%	185,000	10,450		
12/15/52	3,025,000	5.50%	-	5,363	200,813	
06/15/53	3,025,000	5.50%	195,000	5,363	200,363	
					-	
TOTAL			$ 2,935,000	$ 2,829,175	$ 5,888,163	

Veranda Landing	
Community Development District	
Non-Ad Valorem Assessments Comparison	
FY 2025 - FY2026	

Neighborhood	
O&M Units	Bonds Units Series 2023	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	
FY 2026	
FY2025	Increase/ (decrease)	

Single Family	
230	
230	
$300.76	
$300.76	
$0.00	
$964.44	
$964.44	
$0.00	
$1,265.20	
$1,265.20	
$0.00	
Total	230	230										

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