Veranda Landing	
Community Development District	

Adopted Budget	
FY 2025	

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 Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2024	6/30/24	3 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - On Roll	$69,175	$65,087	$-	$65,087	$69,175	

TOTAL REVENUES	$69,175	$65,087	$-	$65,087	$69,175	

EXPENDITURES:

Administrative						
Engineering	$	5,000	$-	$3,000	$3,000	$4,000	
Attorney	14,000	4,010	2,500	6,510	12,500	
Annual Audit	5,000	3,475	-	3,475	3,600	
Assessment Administration	2,000	-	-	-	2,100	
Arbitrage Rebate	550	-	-	-	-	
Dissemination Agent	2,500	1,775	725	2,500	2,100	
Trustee Fees	4,100	-	6,125	6,125	6,125	
Management Fees	25,000	18,750	6,250	25,000	26,250	
Information Technology	500	375	125	500	525	
Website Maintenance	1,500	1,125	375	1,500	1,500	
Postage & Delivery	500	95	100	195	400	
Insurance General Liability	5,500	5,000	-	5,000	5,500	
Printing & Binding	500	80	100	180	500	
Legal Advertising	1,500	132	800	932	1,500	
Other Current Charges	850	121	500	621	2,400	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$69,175	$35,113	$20,600	$55,713	$69,175	

TOTAL EXPENDITURES	$69,175	$35,113	$20,600	$55,713	$69,175	

EXCESS REVENUES (EXPENDITURES)	$-	$29,974	$(20,600)	$9,374	$-	

Veranda Landing	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

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.	

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	FY2024	6/30/24	3 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments-On Roll	$204,016	$208,713	$-	$208,713	$204,016	
Interest Earnings	500	8,611	1,500	10,111	5,000	
Carry Forward Surplus (1)	50,222	50,222	-	50,222	89,942	

TOTAL REVENUES	$254,738	$267,546	$1,500	$269,046	$298,958	

EXPENDITURES:

Interest 12/15	$50,222	$50,222	$-	$50,222	$78,988	
Interest 06/15	80,000	80,000	-	80,000	78,988	
Principal 06/15	45,000	45,000	-	45,000	45,000	

TOTAL EXPENDITURES	$175,222	$175,222	$-	$175,222	$202,975	

Other Sources/(Uses)

Interfund transfer In/(Out)	$-	$(3,882)	-	$(3,882)	$-	

TOTAL OTHER SOURCES/(USES)	$-	$(3,882)	$-	$(3,882)	$-	

TOTAL EXPENDITURES	$175,222	$179,104	$-	$179,104	$202,975	

EXCESS REVENUES (EXPENDITURES)	$79,516	$88,442	$1,500	$89,942	$95,983	

Interest Due 12/15/2025	$77,975	
		$77,975 	

(1) Carry Forward is Net of Reserve Requirement

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

Period	Outstanding Balance	Principal	Interest	Annual Debt Service	

15-Dec-23	$3,025,000	$0.00	$50,222	$50,222	
15-Jun-24	$3,025,000	$45,000.00	$80,000		
15-Dec-24	$3,025,000	$0.00	$78,988	$203,988	
15-Jun-25	$3,025,000	$45,000.00	$78,988		
15-Dec-25	$3,025,000	$0.00	$77,975	$201,963	
15-Jun-26	$3,025,000	$50,000.00	$77,975		
15-Dec-26	$3,025,000	$0.00	$76,850	$204,825	
15-Jun-27	$3,025,000	$50,000.00	$76,850		
15-Dec-27	$3,025,000	$0.00	$75,725	$202,575	
15-Jun-28	$3,025,000	$55,000.00	$75,725		
15-Dec-28	$3,025,000	$0.00	$74,488	$205,213	
15-Jun-29	$3,025,000	$55,000.00	$74,488		
15-Dec-29	$3,025,000	$0.00	$73,250	$202,738	
15-Jun-30	$3,025,000	$60,000.00	$73,250		
15-Dec-30	$3,025,000	$0.00	$71,900	$205,150	
15-Jun-31	$3,025,000	$60,000.00	$71,900		
15-Dec-31	$3,025,000	$0.00	$70,325	$202,225	
15-Jun-32	$3,025,000	$65,000.00	$70,325		
15-Dec-32	$3,025,000	$0.00	$68,619	$203,944	
15-Jun-33	$3,025,000	$65,000.00	$68,619		
15-Dec-33	$3,025,000	$0.00	$66,913	$200,531	
15-Jun-34	$3,025,000	$70,000.00	$66,913		
15-Dec-34	$3,025,000	$0.00	$65,075	$201,988	
15-Jun-35	$3,025,000	$75,000.00	$65,075		
15-Dec-35	$3,025,000	$0.00	$63,106	$203,181	
15-Jun-36	$3,025,000	$80,000.00	$63,106		
15-Dec-36	$3,025,000	$0.00	$61,006	$204,113	
15-Jun-37	$3,025,000	$85,000.00	$61,006		
15-Dec-37	$3,025,000	$0.00	$58,775	$204,781	
15-Jun-38	$3,025,000	$90,000.00	$58,775		
15-Dec-38	$3,025,000	$0.00	$56,413	$205,188	
15-Jun-39	$3,025,000	$95,000.00	$56,413		
15-Dec-39	$3,025,000	$0.00	$53,919	$205,331	
15-Jun-40	$3,025,000	$95,000.00	$53,919		
15-Dec-40	$3,025,000	$0.00	$51,425	$200,344	
15-Jun-41	$3,025,000	$105,000.00	$51,425		
15-Dec-41	$3,025,000	$0.00	$48,669	$205,094	
15-Jun-42	$3,025,000	$110,000.00	$48,669		
15-Dec-42	$3,025,000	$0.00	$45,781	$204,450	
15-Jun-43	$3,025,000	$115,000.00	$45,781		
15-Dec-43	$3,025,000	$0.00	$42,763	$203,544	
15-Jun-44	$3,025,000	$120,000.00	$42,763		
15-Dec-44	$3,025,000	$0.00	$39,463	$202,225	
15-Jun-45	$3,025,000	$125,000.00	$39,463		
15-Dec-45	$3,025,000	$0.00	$36,025	$200,488	
15-Jun-46	$3,025,000	$135,000.00	$36,025		
15-Dec-46	$3,025,000	$0.00	$32,313	$203,338	
15-Jun-47	$3,025,000	$140,000.00	$32,313		
15-Dec-47	$3,025,000	$0.00	$28,463	$200,775	
15-Jun-48	$3,025,000	$150,000.00	$28,463		
15-Dec-48	$3,025,000	$0.00	$24,338	$202,800	
15-Jun-49	$3,025,000	$160,000.00	$24,338		
15-Dec-49	$3,025,000	$0.00	$19,938	$204,275	
15-Jun-50	$3,025,000	$170,000.00	$19,938		
15-Dec-50	$3,025,000	$0.00	$15,263	$205,200	
15-Jun-51	$3,025,000	$175,000.00	$15,263		
15-Dec-51	$3,025,000	$0.00	$10,450	$200,713	
14-Jun-52	$3,025,000	$185,000.00	$10,450		
14-Dec-52	$3,025,000	$0.00	$5,363	$200,813	
14-Jun-53	$3,025,000	$195,000.00	$5,363		
14-Dec-53	$3,025,000	$0.00	$0	$200,363	
				-	
TOTAL		$3,025,000	$3,117,372	$6,142,372	

Veranda Landing	
Community Development District	
Non-Ad Valorem Assessments Comparison	
FY 2024 to FY2025	

Neighborhood	
O&M Units	Bonds Units Series 2023	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	
FY 2025	
FY2024	Increase/ (decrease)	

Single Family	
230	
230	
$326.91	
$326.91	
$0.00	
$964.16	
$964.16	
$0.00	
$1,291.07	
$1,291.07	
$0.00	
Total	230	230