Verano #4
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

Verano #4	
Community Development District	
Adopted Budget	
General Fund	

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 - Tax Roll/
Intergovernmental Transfer (1)	$	22,188	$	22,188	$	-	$	22,188	$	30,293	

TOTAL REVENUES	$	22,188	$	22,188	$	-	$	22,188	$	30,293	

EXPENDITURES:

Administrative:	
Annual Audit	$	5,500	$	5,500	$	-	$	5,500	$	5,600	
Arbitrage Rebate	550	550	-	550	550	
Dissemination Agent	2,625	2,188	438	2,625	2,783	
Trustee Fees	6,000	4,256	-	4,256	13,200	
Website Maintenance	788	657	131	788	835	
Insurance General Liability	5,750	5,200	-	5,200	6,350	
Other Current Charges	800	439	2,655	3,094	800	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	22,188	$	18,964	$	3,224	$	22,188	$	30,293	

TOTAL EXPENDITURES	$	22,188	$	18,964	$	3,224	$	22,188	$	30,293	

EXCESS REVENUES (EXPENDITURES)	$	-	$	3,224	$	(3,224)	$	-	$	-	
(1) Transfers from Verano #5					
		Gross Assessments		$	93,082	
		Less: Discounts & Collections 8%			7,447 	
		Net Assessments (collected in Verano #5)	 $	85,636 	
		Net Assessments (1)		 $	30,293 	

Product	Assessable Units	Total Gross Assessment	FY25
Gross Per Unit	FY26
Gross Per Unit	Increase/ (Decrease)	
Phase 1						
50's	53	$	8,332.13	$	157.21	$	157.21	$	-	
60's	93	$	16,908.33	$	181.81	$	181.81	$	-	
70's	64	$	12,554.88	$	196.17	$	196.17	$	-	
80's	35	$	7,368.90	$	210.54	$	210.54	$	-	

Phase 2						
50's	56	$	8,803.76	$	-	$	157.21	$	157.21	
60's	101	$	18,362.81	$	-	$	181.81	$	181.81	
70's	65	$	12,751.05	$	-	$	196.17	$	196.17	
80's	38	$	8,000.52	$	-	$	210.54	$	210.54	

Total	245	$	93,082.38	

Verano #4	
Community Development District	
Budget Narrative	
FY 2026	

REVENUES

Special Assessments - on Roll
The District will levy a non-ad valorem maintenance assessment on the developable property within the District to fund the operating budget. The assessment are collected in Verano #5 and transferred to Verano # 4.

Expenditures - Administrative

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.	
Arbitrage Rebate
The District has contracted with its independent auditors to annually calculate the arbitrage rebate liability on its bonds.	
Dissemination Agent
The bond indenture requests a special annual report on the District’s development activity. The District has contracted with GMS provide these reports. The amount is based upon the contract
amount.	
Trustee Fees
The District issued this Series of 2015 and 2017 Special Assessment Bonds that are deposited with a Trustee to handle all trustee	
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 Section 189.069 F.S, all Districts must have a website by October 1, 2015 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 as required by the Statute	
Insurance General Liability
The District's General Liability & Public Officials Liability Insurance policy is with Egis Insurance Agency, Inc. They specialize in providing insurance coverage to governmental agencies.	
Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.	
Due, Licenses & Subscriptions
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	

Verano #4	
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 - Tax Roll	$	143,620	$	145,371	$	-	$	145,371	$	387,500	
Special Assessments - Dirct Bill	241,400	147,950	93,450	241,400	-	
Interest Income	5,000	11,620	1,722	13,342	10,000	
Carry Forward Balance	182,391	162,285	-	162,285	185,650	

TOTAL REVENUES	$	572,411	$	467,226	$	95,172	$	562,398	$	583,150	

EXPENDITURES:

Interest - 11/01	$	151,084	$	151,084	$	-	$	151,084	$	149,119	
Interest - 05/01	151,084	151,084	-	151,084	149,119	
Principal - 05/01	85,000	85,000	-	85,000	90,000	

TOTAL EXPENDITURES	$	387,169	$	387,169	$	-	$	387,169	$	388,238	

Other Sources/(Uses)

Transfer in/(Out)	$	(4,500)	$	11,620	$	(1,200)	$	10,420	$	(7,200)	

TOTAL OTHER SOURCES/(USES)	$	(4,500)	$	11,620	$	(1,200)	$	10,420	$	(7,200)	

EXCESS REVENUES (EXPENDITURES)	$	180,742	$	91,678	$	93,972	$	185,650	$	187,712	

Interest 11/01/2026	$	147,038	

Gross Assessments	
Less: Discounts & Collections 8%	
Net Assessments (collected in Verano #5)	

$	421,196	
      33,696 	
 $	387,500 	

Product	Assessable
Unitss	Total
Assessments	* Gross per
Unit FY2025	* Gross per
Unit FY2026	Increase /
(Decrease)	
Phase 1						
50's	53	$77,771.74	1,458.00	$1,467.39	$9.39	
60's	94	$158,369.57	1,674.00	$1,684.78	$10.78	
70's	64	$118,260.87	1,836.00	$1,847.83	$11.83	
80's	34	$66,521.74	1,944.00	$1,956.52	$12.52	
Total (Gross)	245	$ 420,923.91	
* These amounts are grossed up 8% to cover early payment discounts and County collection fees.

Verano #4	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2023 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/24	$	5,565,000	4.625%	$	-	$	151,084	$	151,084	
05/01/25	5,565,000	4.625%	85,000	151,084		
11/01/25	5,480,000	4.625%	-	149,119	385,203	
05/01/26	5,480,000	4.625%	90,000	149,119		
11/01/26	5,390,000	4.625%	-	147,038	386,156	
05/01/27	5,390,000	4.625%	95,000	147,038		
11/01/27	5,295,000	4.625%	-	144,841	386,878	
05/01/28	5,295,000	4.625%	100,000	144,841		
11/01/28	5,195,000	4.625%	-	142,528	387,369	
05/01/29	5,195,000	4.625%	100,000	142,528		
11/01/29	5,095,000	4.625%	-	140,216	382,744	
05/01/30	5,095,000	4.625%	105,000	140,216		
11/01/30	4,990,000	4.625%	-	137,788	383,003	
05/01/31	4,990,000	5.375%	110,000	137,788		
11/01/31	4,880,000	5.375%	-	134,831	382,619	
05/01/32	4,880,000	5.375%	120,000	134,831		
11/01/32	4,760,000	5.375%	-	131,606	386,438	
05/01/33	4,760,000	5.375%	125,000	131,606		
11/01/33	4,635,000	5.375%	-	128,247	384,853	
05/01/34	4,635,000	5.375%	130,000	128,247		
11/01/34	4,505,000	5.375%	-	124,753	383,000	
05/01/35	4,505,000	5.375%	140,000	124,753		
11/01/35	4,365,000	5.375%	-	120,991	385,744	
05/01/36	4,365,000	5.375%	145,000	120,991		
11/01/36	4,220,000	5.375%	-	117,094	383,084	
05/01/37	4,220,000	5.375%	155,000	117,094		
11/01/37	4,065,000	5.375%	-	112,928	385,022	
05/01/38	4,065,000	5.375%	165,000	112,928		
11/01/38	3,900,000	5.375%	-	108,494	386,422	
05/01/39	3,900,000	5.375%	170,000	108,494		
11/01/39	3,730,000	5.375%	-	103,925	382,419	
05/01/40	3,730,000	5.375%	180,000	103,925		
11/01/40	3,550,000	5.375%	-	99,088	383,013	
05/01/41	3,550,000	5.375%	190,000	99,088		
11/01/41	3,360,000	5.375%	-	93,981	383,069	
05/01/42	3,360,000	5.375%	200,000	93,981		
11/01/42	3,160,000	5.375%	-	88,606	382,588	
05/01/43	3,160,000	5.375%	215,000	88,606		
11/01/43	2,945,000	5.375%	-	82,828	386,434	
05/01/44	2,945,000	5.625%	225,000	82,828		
11/01/44	2,720,000	5.625%	-	76,500	384,328	
05/01/45	2,720,000	5.625%	240,000	76,500		
11/01/45	2,480,000	5.625%	-	69,750	386,250	
05/01/46	2,480,000	5.625%	255,000	69,750		
11/01/46	2,225,000	5.625%	-	62,578	387,328	
05/01/47	2,225,000	5.625%	265,000	62,578		
11/01/47	1,960,000	5.625%	-	55,125	382,703	
05/01/48	1,960,000	5.625%	280,000	55,125		
11/01/48	1,680,000	5.625%	-	47,250	382,375	
05/01/49	1,680,000	5.625%	300,000	47,250		
11/01/49	1,380,000	5.625%	-	38,813	386,063	
05/01/50	1,380,000	5.625%	315,000	38,813		
11/01/50	1,065,000	5.625%	-	29,953	383,766	
05/01/51	1,065,000	5.625%	335,000	29,953		
11/01/51	730,000	5.625%	-	20,531	385,484	
05/01/52	730,000	5.625%	355,000	20,531		
11/01/52	375,000	5.625%	-	10,547	386,078	
05/01/53	375,000	5.625%	375,000	10,547	385,547	

TOTAL	$	5,565,000	$	5,742,063	$	11,307,063	

Verano #4	
Community Development District	
Approved Proposed Budget	
Debt Service Series 2025 Special Assessment Bonds (Astor Creek Phase Two Assessment Area)	

Budget	Actuals Thru	Projected Next	Projected Thru	Proposed
Budget	
Description	FY2025	6/30/25	3 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - Tax Roll	$	-	$	-	$	-	$	-	$	411,050	
Interest Income	-	495	50	545	-	
Carry Forward Balance	-	-	-	-	328,157	

TOTAL REVENUES	$	-	$	495	$	50	$	545	$	739,207	

EXPENDITURES:

Interest - 11/01	$	-	$	-	$	-	$	-	$	122,106	
Principal - 11/01	-	-	-	-	80,000	
Interest - 05/01	-	-	-	-	165,256	

TOTAL EXPENDITURES	$	-	$	-	$	-	$	-	$	367,362	

Other Sources/(Uses)

Bond Proceeds	$	-	$	327,612	$	-	$	327,612	$	-	

TOTAL OTHER SOURCES/(USES)	$	-	$	327,612	$	-	$	327,612	$	-	

TOTAL EXPENDITURES	$	-	$	(327,612)	$	-	$	(327,612)	$	367,362	

EXCESS REVENUES (EXPENDITURES)	$	-	$	328,107	$	50	$	328,157	$	371,845	

Interest - 11/1/26		163,336 	
Total	 $	163,336 	

Gross Assessments	
Less: Discounts & Collections 8%	
Net Assessments (collected in Verano #5)	

$	446,793	
      35,743 	
 $	411,050 	

Product	Assessable
Unitss	Total
Assessments	* Gross per
Unit FY2025	* Gross per
Unit FY2026	Increase /
(Decrease)	
Phase 2						
50's	56	$82,173.91	0.00	$1,467.39	$1,467.39	
60's	101	$170,163.04	0.00	$1,684.78	$1,684.78	
70's	65	$120,108.70	0.00	$1,847.83	$1,847.83	
80's	38	$74,347.83	0.00	$1,956.52	$1,956.52	
Total (Gross)	260	$ 446,793.48	
* These amounts are grossed up 8% to cover early payment discounts and County collection fees.

Verano #5	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 20XX Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

06/18/25	$	5,780,000	4.800%	$	-	$	-	$	-	
11/01/25	5,780,000	4.800%	-	122,106		
05/01/26	5,780,000	4.800%	80,000	165,256	367,362	
11/01/26	5,700,000	4.800%	-	163,336		
05/01/27	5,700,000	4.800%	85,000	163,336	411,673	
11/01/27	5,615,000	4.800%	-	161,296		
05/01/28	5,615,000	4.800%	90,000	161,296	412,593	
11/01/28	5,525,000	4.800%	-	159,136		
05/01/29	5,525,000	4.800%	95,000	159,136	413,273	
11/01/29	5,430,000	4.800%	-	156,856		
05/01/30	5,430,000	4.800%	95,000	156,856	408,713	
11/01/30	5,335,000	4.800%	-	154,576		
05/01/31	5,335,000	4.800%	100,000	154,576	409,153	
11/01/31	5,235,000	4.800%	-	152,176		
05/01/32	5,235,000	4.800%	105,000	152,176	409,353	
11/01/32	5,130,000	4.800%	-	149,656		
05/01/33	5,130,000	4.800%	110,000	149,656	409,313	
11/01/33	5,020,000	4.800%	-	147,016		
05/01/34	5,020,000	4.800%	115,000	147,016	409,033	
11/01/34	4,905,000	4.800%	-	144,256		
05/01/35	4,905,000	4.800%	125,000	144,256	413,513	
11/01/35	4,780,000	5.750%	-	141,256		
05/01/36	4,780,000	5.750%	130,000	141,256	412,513	
11/01/36	4,650,000	5.750%	-	137,519		
05/01/37	4,650,000	5.750%	140,000	137,519	415,038	
11/01/37	4,510,000	5.750%	-	133,494		
05/01/38	4,510,000	5.750%	145,000	133,494	411,988	
11/01/38	4,365,000	5.750%	-	129,325		
05/01/39	4,365,000	5.750%	155,000	129,325	413,650	
11/01/39	4,210,000	5.750%	-	124,869		
05/01/40	4,210,000	5.750%	165,000	124,869	414,738	
11/01/40	4,045,000	5.750%	-	120,125		
05/01/41	4,045,000	5.750%	175,000	120,125	415,250	
11/01/41	3,870,000	5.750%	-	115,094		
05/01/42	3,870,000	5.750%	185,000	115,094	415,188	
11/01/42	3,685,000	5.750%	-	109,775		
05/01/43	3,685,000	5.750%	195,000	109,775	414,550	
11/01/43	3,490,000	5.750%	-	104,169		
05/01/44	3,490,000	5.750%	205,000	104,169	413,338	
11/01/44	3,285,000	5.750%	-	98,275		
05/01/45	3,285,000	5.750%	220,000	98,275	416,550	
11/01/45	3,065,000	6.000%	-	91,950		
05/01/46	3,065,000	6.000%	230,000	91,950	413,900	
11/01/46	2,835,000	6.000%	-	85,050		
05/01/47	2,835,000	6.000%	245,000	85,050	415,100	
11/01/47	2,590,000	6.000%	-	77,700		
05/01/48	2,590,000	6.000%	260,000	77,700	415,400	
11/01/48	2,330,000	6.000%	-	69,900		
05/01/49	2,330,000	6.000%	275,000	69,900	414,800	
11/01/49	2,055,000	6.000%	-	61,650		
05/01/50	2,055,000	6.000%	295,000	61,650	418,300	
11/01/50	1,760,000	6.000%	-	52,800		
05/01/51	1,760,000	6.000%	310,000	52,800	415,600	
11/01/51	1,450,000	6.000%	-	43,500		
05/01/52	1,450,000	6.000%	330,000	43,500	417,000	
11/01/52	1,120,000	6.000%		33,600		
05/01/53	1,120,000	6.000%	350,000	33,600	417,200	
11/01/53	770,000	6.000%		23,100		
05/01/54	770,000	6.000%	375,000	23,100	421,200	
11/01/54	395,000	6.000%		11,850		
05/01/55	395,000	6.000%	395,000	11,850	418,700	
Total			$	5,780,000	$	6,593,975	$	12,373,975	

Verano #4	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2025-2026	

Neighborhood	
O&M Units	Bonds Units 2023	Bonds Units 2025	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
Increase/ (decrease)	
	
FY 2026	
FY2025	Increase/
(decrease
)	FY 2026	FY2025	FY 2026	FY2025	
Total	
	O&M Master	Phase 1	Phase 2	O&M Master	O&M Master		Series 2023
Phase 1	Series 2025
Phase 2	Series 2023
Phase 1	Series
2025
Phase 2	Series 2023
Phase 1	Series 2025
Phase 2	Series 2023
Phase 1	Series 2025
Phase 2	Phase 2	
50's	109	53	56	$  157.21	$	157.21	$	-	$ 1,467.39	$ 1,467.39	$  1,458.00	$	-	$  1,624.60	$ 1,624.60	$  1,615.21	$	-	$ 1,781.81	
60's	194	93	101	$  181.81	$	181.81	$	-	$ 1,684.78	$ 1,684.78	$  1,674.00	$	-	$  1,866.59	$ 1,866.59	$  1,855.81	$	-	$ 2,048.40	
70's	129	64	65	$  196.17	$	196.17	$	-	$ 1,847.83	$ 1,847.83	$  1,836.00	$	-	$  2,044.00	$ 2,044.00	$  2,032.17	$	-	$ 2,240.17	
80's	73	35	38	$  210.54	$	210.54	$	-	$ 1,956.52	$ 1,956.52	$  1,944.00	$	-	$  2,167.06	$ 2,167.06	$  2,154.54	$	-	$ 2,377.60	
Total	505	245	260													

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