Verano #4	
Community Development District	

Approved Proposed Budget	
FY 2025	

Table of Contents

	General Fund

	Narratives

3-4		Debt Service Fund Series 2023

5		Assessment Schedule

Verano #4	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed
Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - Tax Roll/
Intergovernmental Transfer (1)	$21,625	$21,625	$-	$21,625	$22,188	

TOTAL REVENUES	$21,625	$21,625	$-	$21,625	$22,188	

EXPENDITURES:

Administrative:	
Annual Audit	$4,400	$5,400	$-	$5,400	$5,500	
Arbitrage Rebate	500	-	550	550	550	
Dissemination Agent	2,500	1,250	1,250	2,500	2,625	
Trustee Fees	6,000	-	6,000	6,000	6,000	
Website Maintenance	750	375	375	750	788	
Insurance General Liability	6,500	5,000	-	5,000	5,750	
Other Current Charges	800	189	1,061	1,250	800	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$21,625	$12,389	$9,236	$21,625	$22,188	

TOTAL EXPENDITURES	$21,625	$12,389	$9,236	$21,625	$22,188	

EXCESS REVENUES (EXPENDITURES)	$-	$9,236	$(9,236)	$-	$-	
(1) Transfers from Verano #5						

Verano #4	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

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	
Approved Proposed Budget	
Debt Service Series 2023 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed
Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY 2025	

REVENUES:

Special Assessments - Tax Roll	$-	$-	$-	$-	$385,020	
Special Assessments - Direct	385,020	1,700	383,320	385,020	-	
Interest Income	1,000	6,786	3,000	9,786	5,000	
Carry Forward Balance	174,986	-	174,986	174,986	170,796	

TOTAL REVENUES	$561,006	$8,486	$561,306	$569,792	$560,816	

EXPENDITURES:

Interest - 11/01	$174,175	$174,175	$0	$174,175	$151,084	
Interest - 05/01	152,934	-	152,934	152,934	151,084	
Principal - 05/01	80,000	-	80,000	80,000	85,000	

TOTAL EXPENDITURES	$407,110	$174,175	$232,935	$407,110	$387,169	

Other Sources/(Uses)

Transfer in/(Out)	$-	$(5,113)	$(3,000)	$(8,113)	$(4,500)	

TOTAL OTHER SOURCES/(USES)	$-	$(5,113)	$(3,000)	$(8,113)	$(4,500)	

TOTAL EXPENDITURES	$407,110	$169,062	$229,935	$398,996	$382,669	

EXCESS REVENUES (EXPENDITURES)	$153,896	$(160,576)	$331,371	$170,796	$178,147	

Interest 11/01/2025	$149,119

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%	$0	$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	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	
O&M Units	Bonds Units 2023	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
Increase/ (decrease)	
	
FY 2025	
FY 2024	Increase/ (decrease)	
FY 2025	
FY 2024	
FY 2025	
FY 2024	
Total	
Phase 1 Assessment Area		O&M	O&M		Series 2023	Series 2023	Series 2023	Series 2023		

50's	
53	
53	
$	157.21	
$	157.21	
$	-	
$	1,458.00	
$	1,458.00	
$	1,615.21	
$	1,615.21	
$	-	
60's	93	93	$	181.81	$	181.81	$	-	$	1,674.00	$	1,674.00	$	1,855.81	$	1,855.81	$	-	
70's	64	64	$	196.17	$	196.17	$	-	$	1,836.00	$	1,836.00	$	2,032.17	$	2,032.17	$	-	
80's	35	35	$	210.54	$	210.54	$	-	$	1,944.00	$	1,944.00	$	2,154.54	$	2,154.54	$	-	
Total	245	245									

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