Verano #4	
Community Development District	

Approved Proposed Budget	
FY 2026	

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	
Description	FY2025	3/31/25	6 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	1,313	1,313	2,625	2,783	
Trustee Fees	6,000	-	6,000	6,000	13,200	
Website Maintenance	788	394	394	788	835	
Insurance General Liability	5,750	5,200	-	5,200	6,350	
Other Current Charges	800	226	1,124	1,350	800	
Dues, Licenses & Subscriptions	175	175	-	175	175	

TOTAL ADMINISTRATIVE	$	22,188	$	12,807	$	9,380	$	22,188	$	30,293	

TOTAL EXPENDITURES	$	22,188	$	12,807	$	9,380	$	22,188	$	30,293	

EXCESS REVENUES (EXPENDITURES)	$	-	$	9,381	$	(9,380)	$	-	$	-	
(1) Transfers from Verano #5						

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	
Approved Proposed Budget	
Debt Service Series 2023 Special Assessment Bonds	

Adopted
Budget	Actuals Thru	Projected Next	Projected Thru	Approved
Proposed	
Description	FY2025	3/31/25	6 Months	9/30/25	FY 2026	

REVENUES:

Special Assessments - Tax Roll	$	143,620	$	141,614	$	2,006	$	143,620	$	387,250	
Special Assessments - Dirct Bill	241,400	-	241,400	241,400	-	
Interest Income	5,000	7,018	5,166	12,184	10,000	
Carry Forward Balance	182,391	162,285	-	162,285	164,367	

TOTAL REVENUES	$	572,411	$	310,917	$	248,572	$	559,489	$	561,617	

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	$	151,084	$	236,084	$	387,169	$	388,238	

Other Sources/(Uses)

Transfer in/(Out)	$	(4,500)	$	(4,353)	$	(3,600)	$	(7,953)	$	(7,200)	

TOTAL OTHER SOURCES/(USES)	$	(4,500)	$	(4,353)	$	(3,600)	$	(7,953)	$	(7,200)	

EXCESS REVENUES (EXPENDITURES)	$	180,742	$	155,480	$	8,887	$	164,367	$	166,179	

Interest 11/01/2026	$	147,038	

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	
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	Series 2023	Series 2023	Series 2023		

50's	
109	
53	
56	
$ 157.21	
$  157.21	
$	-	
$ 1,467.39	
$  1,458.00	
$  1,624.60	
$  1,615.21	
$	-	
60's	195	94	101	$ 181.81	$  181.81	$	-	$ 1,684.78	$  1,674.00	$  1,866.59	$  1,855.81	$	-	
70's	129	64	65	$ 196.17	$  196.17	$	-	$ 1,847.83	$  1,836.00	$  2,044.00	$  2,032.17	$	-	
80's	72	34	38	$ 210.54	$  210.54	$	-	$ 1,956.52	$  1,944.00	$  2,167.06	$  2,154.54	$	-	
Total	505	245	260									

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