VERONA WALK COMMUNITY DEVELOPMENT
DISTRICT

COLLIER COUNTY REGULAR BOARD MEETING APRIL 15, 2021
10:00 A.M.

Special District Services, Inc.
The Oaks Center 2501A Burns Road
Palm Beach Gardens, FL 33410

www.veronawalkcdd.org 561.630.4922 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT
Town Center at Verona Walk - Rear Walkway Overlooking Pavilion 8090 Sorrento Lane
Naples, Florida 34114
Due to Covid Restrictions, Masks and Social Distancing is Required.
Audience participation is Encouraged Via Conference Call
*Dial In (877) 402-9753 Access Code 1811087 REGULAR BOARD MEETING
April 15, 2021
10:00 a.m.

Call to Order
Pledge of Allegiance
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public
Approval of Minutes
March 18, 2021 Regular Board Meeting…	Page 2
Old Business
Update on Fishkill and Cleanup
Update on Meeting with HOA…	Page 8
Front Pond Pumps Maintenance
Replenishment Wells
Lake Bank Erosion Repairs
Irrigation Floats in Ponds
Discussion Regarding Littoral Plantings
New Business
Consider Resolution No. 2021-02 – Adopting a Fiscal Year 2021/2022 Proposed Budget…	Page 9
Administrative Matters
District Attorney Update
District Engineer Update
Field Inspector Update
District Manager Update
Financials…	Page 16
Board Members Comments
Adjourn

PART()fTHE  US   TO DAYNETWORK
Published Daily Naples, FL 34110

VERONA WALK COMMUNITY DEV.
2501 A BURNS RD

PALM BEACH GARDENS, FL 33410

Affidavit of Publication
STATE OF WISCONSIN COUNTY OF BROWN

VERONA WALK
COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2020/2021 REGULAR MEETING SCHEDULE
NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Verona Walk Community Development District will hold Regular Meet ings at 10:00 a.m. in the Town Center at Verona Walk lo­ cated at 8090 Sorrento Lane, Naples, Florida 34114, on the fol­ lowing dates:

Before the undersigned they serve as the  authority, personally appeared said legal clerk who on oath says that he/she serves as Legal Clerk of the Naples Daily News , a daily newspaper published at Naples, in Collier County, Florida; distributed  in Collier  and Lee counties  of  Florida; that the attached copy of the advertising  was published  in said newspaper on dates listed. Affiant further says that the said Naples Daily News is  a  newspaper  published  at Naples, in said Collier County , Florida, and that the said newspaper has heretofore been continuously published  in said
Collier County, Florida; distributed in  Collier  and  Lee counties of Florida, each day and has been entered  as second class mail matter at  the  post  office  in Naples,  in said Collier County, Florida, for a period of one year next preceding the first publication of the attached copy of advertisement; and affiant further  says that he has neither paid nor promised any person, or corporation any discount, rebate, commission or refund for  the purpose  of  securing this advertisement for publication in the said newspaper.

Published: 10/06/2020
-=:.---  a:::::7......	 	

Subscribed and sworn to before on October 6, 2020:

Notary, State of WI, County of Brown

October 15, 2020
November 19, 2020
December 17, 2020
January 21, 2021
February 18, 2021
March 18, 2021
April 15, 2021
May 20, 2021
June 17, 2021
July 15, 2021
August 19, 2021
September 16, 2021
The purpose of the meetings is to conduct any business coming before the Board. Meetings are open to the public and will be conducted in accordance with the  provisions  of  Florida  law. Copies of the Agendas for any of the  meetings  may be obtained from the  District's website  or by contacting  the  District  Manager at (239) 444-5790 and/or toll free at 1-877-737-4922 prior to  the date of the particular meeting.

From time to time one or more Supervisors may participate by telephone;  therefore,   at  the   location   of  these  meetings  there will  be  a speaker  telephone  present  so  that  interested   persons can attend the meetings at the above location  and  be fully  in­ formed of the discussions taking place either in person or by tel­ ephone  communication.  Said  meetings  may  be  continued  as found necessary  to  a date and time  certain  as stated  on the  re­ cord.
If any  person  decides  to  appeal  any decision  made  with  respect to any  matter  considered  at  these  meetings,  such  person  will need a record of the proceedings and such  person  may need  to insure  that  a verbatim  record  of  the  proceedings  is made  at  his or  her  own  expense  and  which  record  includes  the  testimony and evidence on which the appeal is based.

In accordance with the provisions of the  Americans with Disabil­ ities Act, any person requiring special accommodations or an in­ terpreter  to  participate  at any of  these  meetings  should  contact the District Manager at (239) 444-5790 and/or toll free at 1-877- 737-4922 at  least seven  (7) days prior to  the  date of  the  particu­ lar meeting.
Meetings may be cancelled  from time to time without  adver­ tised notice.
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT
www.veronawalkcdd.org
Pub Date: Oct 6, 2020	#4401300

T A R A MONDLOCH
Notary Public
State o·f Wisconsin

My commission expires August 6, 2021

Publication Cost: $427.00
Ad No: 0004401300
Customer No: 1308371 PO#:
# of Affidavits 1
This is not an invoice

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
Due to Covid restrictions, masks and social distancing was required.
Audience participation was encouraged via conference call.
Dial In (877) 402-9753 Access Code 1811087
MARCH 18, 2021

CALL TO ORDER

The March 18, 2021, Regular Board Meeting of the Verona Walk Community Development District (the “District”) was called to order at 10:15 a.m. at the rear walkway overlooking the Pavilion at the Town Center at Verona Walk located at 8090 Sorrento Lane, Naples, Florida 34114.

PLEDGE OF ALLEGIANCE

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the Naples Daily News on October 6, 2020, as legally required.

ESTABLISH A QUORUM

It was determined that the attendance of the following Supervisors constituted a quorum and it was in order to proceed with the meeting:

Supervisor	Jack Hogan	Absent	
Supervisor	Patrick Clifford	Present	
Supervisor	Marilyn Czubkowski	Present	
Supervisor	Peter Monti	Present	
Supervisor	Richard Dombal (who arrived at 10:23 a.m.)	Present	

Staff members in attendance were:

District Manager	Kathleen Meneely	Special District Services, Inc.	
General Counsel	Greg Urbancic	Coleman Yovanovich Koester	
District Engineer	Terry Cole	Hole Montes, Inc.	
Field Inspector	Bohdan Hirniak		

Also present were: Rhonda Watkins and Geoff Rosenaw – Collier County Pollution Control Residents – Herb Czeschin, Jessica & Mike Rizzo, Maureen Sullivan, Frank & Rosalie Pagano, Diann Cucinella, Marta Viera, Marie Fazio, Jane Monti, Michael Hines, Ken Muckenhaupt, Debra & Harold DeBlasie, Wilfred Gates, Richard Condle, Roger Roy, Barbara Marziliam, Judi Muckenhaupt and Bob Gagliardi.
Via Phone – Frank Borowick

Page 1 of 6

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
February 18, 2021, Regular Board Meeting

The February 18, 2021, Regular Board Meeting minutes were presented for approval.

Ms. Czubkowski noted three scrivener errors, including the spelling of Debbie DeBlasie’s name on Page 2 ; also on Page 2, 3rd line from the bottom to add the word “stated” after “further” and on Page 4, 2nd paragraph, 2nd line, take out one of the “not to exceed”.

A motion was made by Mr. Monti, seconded by Ms. Czubkowski and passed unanimously approving the minutes of the February 18, 2021, Regular Board Meeting, as amended.

NEW BUSINESS
Discussion Regarding Fish Kill

County Pollution Control staff members, Rhonda Watkins and Geoff Rosenaw were introduced by Ms. Meneely. Mr. Rosenaw went over the initial response to the fish kill and indicated that the recommendation was that the wells be turned off due to the salinity levels of the water. He added that algae was not seen, but wanted to rule it out and that tests by FWRI showed Prymnesium, which has the ability, but does not always produce toxin. Ms. Watkins added that in her 30 years of handling fish kills, this algae has only been seen in Fiddlers Creek and Pelican Landing where the fish kills eventually stopped.

Supervisor Richard Dombal arrived at 10:23 a.m.

Ms. Watkins added that this particular algae was not prevalent in Florida.

Mr. Hirniak went over the monthly testing and records, noting that the tests were not as detailed to pick up microscopic algae. There was a general discussion on the pumps and the County’s recommendations that were spelled out in an email from Ms. Watkins. Mr. Monti stated that the pumps had a maximum capacity. Mr. Cole added that just because the Hawthorne well was turned off did not mean withdrawals could be increased from other wells. Mr. Hirniak indicated that a program was being proposed that would sample all the ponds. Mr. Monti recommended discontinuing the use of the Hawthorne well, have the District enter an aggressive testing program, monitor the salinity and all pray for rain.

Page 2 of 6

After a lengthy discussion, a motion was made by Mr. Monti, seconded by Ms. Czubkowski and passed unanimously requesting that the HOA leave the Hawthorne well off, irrigation be done in the evenings and that an extensive testing program begin.

Mr. Hirniak advised that Clarke was in the process of preparing a proposal for such testing. It was the consensus of the Board to move forward with such a proposal, if found to be reasonable and to have it ratified at the next meeting. Mr. Monti added that per the water permit, the HOA is charged with performing monthly salinity tests of the aquifers and should provide those reports.

Consider Resolution No. 2021-01 – E-Verify Memorandum of Understanding

Resolution No. 2021-01 was presented, entitled:

RESOLUTION NO. 2021-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT DIRECTING THE DISTRICT MANAGER TO REGISTER THE DISTRICT WITH AND USE THE E-VERIFY SYSTEM PURSUANT TO THE REQUIREMENTS OF SECTION 448.095, FLORIDA STATUTES; AUTHORIZING EXECUTION OF THE E-VERIFY MEMORANDUM OF UNDERSTANDING FOR EMPLOYERS BETWEEN THE DISTRICT AND THE DEPARTMENT OF HOMELAND SECURITY (DHS); PROVIDING FOR SEVERABILITY; AND PROVIDING FOR AN EFFECTIVE DATE

Mr. Urbancic explained the E-Verify process and answered questions from the Members of the Board.

A motion was made by Ms. Czubkowski, seconded by Mr. Dombal and passed unanimously adopting Resolution No. 2021-01, as presented.

OLD BUSINESS
Update Regarding the Operation Systems and Future Maintenance of Ponds 1 & 2

Mr. Cole stated that the Board had previously discussed obtaining proposals for upgrading the front pond pump system. He indicated he had received one from Aqua Matic Irrigation Systems in the amount of $19,875.55. As an unbudgeted expense, Ms. Meneely asked if this could wait for the next fiscal year budget. Mr. Hirniak indicated that waiting that long may be risky. Ms. Czubkowski advised that the District did not own the pumps, they did not install the pumps, they have not paid the utility bill and the pumps do not effect the quality of water. Mr. Hirniak disagreed and stated that the pumps replenish the water and the two lakes would be stagnant without them. Ms. Czubkowski noted that the issue was whether or not the District wanted to take them over, adding that she thought one of the pumps had been damaged by an electrical failure in 2019 and the HOA received $80,000 for repairs and had always paid the electric bill – so she questioned why the District would assume responsibility. Discussion ensued and Ms. Meneely stated that Mr. Hogan was to have spoken to Ashley Diaz to find out what the HOA’s opinion was on the issue, but that has not happened due to

Page 3 of 6

his illness. It was the consensus of the Board for Ms. Czubkowski to take responsibility for this meeting and to report back to the Board.

Update Regarding Action on Irrigation Floats in the Ponds

Mr. Hirniak advised that he had spoken with the HOA’s field inspector who suggested the District send an email to the HOA regarding the issue. There was a consensus of the Board for Mr. Clifford to prepare an email to the HOA regarding removing the floats.

Update on Shoreline Restoration Repairs

Mr. Hirniak advised that every year restoration of the lake banks is done where erosion has taken place. He stated that 53 areas had been identified for such repairs and he asked Napier for a proposal. He added that 6 of the locations were under warranty from previous repairs, so the cost would be
$37,218.37. Ms. Meneely pointed out that this is a budgeted expense.

A motion was made by Ms. Czubkowski, seconded by Mr. Dombal and passed unanimously approving the Napier proposal for shoreline restoration repairs in the amount of $37,218.37.

Mr. Hirniak then advised that there was an additional proposal for $2,800 to bury the 30 existing pipes that owners had installed. Mr. Monti stated that when the ACC approved the pipes, the owner was supposed to be required to rebury the pipe, if necessary and he thought this should be enforced by the HOA. Ms. Czubkowski stated that many of the pipes were old and the time spent to go back was not worth simply fixing all at one. Mr. Monti indicated, going forward, the ADD should enforce the provision with the HOA being responsible for such enforcement.

A motion was then made by Ms. Czubkowski, seconded by Mr. Monti and passed unanimously approving the second proposal from Napier in the amount of $2,800 to bury the 30 existing pipes the owners had installed.

ADMINISTRATIVE MATTERS
District Attorney Update

Mr. Urbancic advised that the legislative session was in full swing and he would bring back to the Board any actions that might impact the District.

District Engineer Update
Update Regarding Impact of New Construction North of VW on Sheet Flow, Ground Water and Aquifers

Mr. Cole explained, pursuant to the South Florida Water Management District (SFWMD) permit, the proposed project discharges via one water control structure to the west into the Henderson Creek Canal and via another water control structure into the north side of the Sabal Palm Road right-of-way and then west into the Henderson Creek Canal. Therefore, he stated, it does not impact Verona Walk’s stormwater system, which discharges to the preserve areas to the east of Verona Walk.

Field Inspector Update

Page 4 of 6

There was no Field Inspector update at this time.

District Manager Update
Financials

Ms. Meneely went over the financials. There were no questions from the Board Members.

Ms. Meneely reminded the Board that the next meeting was scheduled for April 15, 2021, at which time the proposed budget would be presented.

Discussion then ensued regarding reducing the Supervisor Fees line item since stipends are not taken by the current Board.

Ms. Meneely asked that the Board ratify the emergency fish kill clean-up expense to Clarke in the amount of $1,856.

A motion was made by Ms. Czubkowski, seconded by Mr. Monti and passed unanimously ratifying the emergency fish kill clean-up expense to Clarke in the amount of $1,856, as presented.

BOARD MEMBER COMMENTS
Discussion Regarding Littoral Plantings

Mr. Monti advised he has received complaints on the appearance of the shelves around the pond and did some research on the plantings. He recognized that permits require the littoral shelf planting area and added that 80% were overgrown in 3 years.

Ms. Czubkowski left the meeting at 11:40 a.m.

Mr. Monti distributed maps of the areas and stated he would like to see what the Board could do to improve the appearance of the littoral shelves. He added that he was aware that such a project comes with a price tag and that this is not a budgeted expense. He expressed that perhaps the Board could come up with recommendations that residents could plant at their own expense and this may be a long-term project. There was a consensus of the Board to keep this item on the agenda for further discussion.

Discussion Regarding How to Improve CDD Communications with Residents

Ms. Meneely advised this was put on the agenda by Mr. Hogan, so there is no report at this time.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 11:58 a.m. on a motion made by Mr. Monti, seconded by Mr. Clifford and passed unanimously.

Page 5 of 6

 	
Secretary/Assistant Secretary	Chair/Vice-Chair

Page 6 of 6

AGENDA

CDD/HOA Ponds Discussion
Tuesday, April 13, 2021
10:00 AM

Attendees:	CDD – Marilyn Czubkowski, Bohdan Hirniak
HOA – Ashley Diaz, Representatives from Board of Directors

Two Front Pond Pumps	Discussion on management and who will pay for the
maintenance of the pumping systems that pumps water from CDD Lake #7 into ponds 1 & 2, the electric costs, the overflow structure that allows for overflow back into a storm sewer that takes the flow back into Lake #7.

Note history of maintenance and utility payments
of pumps

Replenishment Wells	The deep aquifer well is producing an unacceptable
amount of saline water, which has resulted in a fish kill in Lakes #27 and #29. Discussion on permanent shut off and other exploration of other alternatives. The saline levels in the shallow wells seem to be acceptable.

Note salinity tests of wells as requirement
of permits

Lake Bank Erosion Repairs

Discussion on repairs necessary as a result of homeowners installations

Note HOA Resolution regarding
obligation

Irrigation Floats in Ponds

Discuss alternatives	Note Email sent from CDD Vice- Chair regarding
removal

Additional Information: Two CDD members cannot talk about CDD business outside of an advertised public meeting. Because the above issues and expenses impact all the residents, it is the intention to resolve the issues in the most cost-effective manner and keep an open dialog between the two boards.

RESOLUTION NO. 2021-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2021/2022; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Verona Walk Community Development District (“District”) is required by Chapter 190.008, Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2021/2022 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT THAT:

Section 1. The Proposed Budget including the Assessments for Fiscal Year 2021/2022 attached hereto as Exhibit “A” is approved and adopted.

Section 2.      A Public Hearing is hereby scheduled for	, 2021 at 10:00 a.m. in the Town Center at Verona Walk, 8090 Sorrento Lane, Naples, Florida 34114, for the purpose of receiving public comments on the Proposed Fiscal Year 2021/2022 Budget.

PASSED, ADOPTED and EFFECTIVE this 15th day of April, 2021.

ATTEST:	VERONA WALK
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Verona Walk
Community Development District

Proposed Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2013) IV	DETAILED PROPOSED DEBT SERVICE FUND BUDGET (SERIES 2018) V	ASSESSMENT COMPARISON

PROPOSED BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1 2021 - SEPTEMBER 30 2022

REVENUES	
FISCAL YEAR 2021/2022
BUDGET	

                              	       	

		
TOTAL REVENUES	 	1 11 1 2	
		
E PENDITURES		
MAINTENANCE E PENDITURES		

                                 	     	

                     	      	

                	      	

        	     	
                         	     	
TOTAL MAINTENANCE E PENDITURES	 	20     	
		
ADMINISTRATIVE E PENDITURES		

           	      	

     	      	

                                  	   	

                 	     	

               	     	

                          	     	

                                       	 	
TOTAL ADMINISTRATIVE E PENDITURES	 	122 0  	
		
TOTAL E PENDITURES	 	331 81 	
		
REVENUES LESS E PENDITURES	 	1 0 3 3	

                           	         	
		
BALANCE	 	 2 12	

                            	        	
		
E CESS/ (S ORTFALL)	 	( 3 38 )	

		
NET E CESS/ (S ORTFALL)	 	-	

 ote: rojected vailable unds alance s f        is $       

DETAILED PROPOSED BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1 2021 - SEPTEMBER 30 2022

REVENUES	
FISCAL YEAR 201 /2020 ACTUAL	
FISCAL YEAR 2020/2021 BUDGET	
FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	
                 	       	       	       	   enditures ess nterest  arr over     	
                              	       	       	       	 ond a ents     	
                              	       	       	       	 ond a ents     	
              	 	 	 		
               	   	   	   	 nterest rojected t $  er ont 	
					
TOTAL REVENUES	 	1 1 8	 	1 11 1 2	 	1 11 1 2		
					
E PENDITURES					
MAINTENANCE E PENDITURES					
               	      	      	      	$       ncrease ro                  ud et	
                   	   	     	     	 o  an e  ro              ud et	
                                 	 	     	     	 o  an e  ro               ud et	
                           	   	     	     	 o  an e  ro              ud et	
                 	     	     	     	 o  an e  ro              ud et	
                     	      	      	      	 o  an e  ro              ud et	
                                      	     	     	     	 o  an e  ro              ud et	
                     	 	      	      	 o  an e ro              ud et	
                	 	      	      	 o  an e  ro              ud et	
                                              	 	     	     	 o  an e  ro              ud et	
                            	 	      	      	 o  an e  ro              ud et	
        	 	     	     	 o  an e  ro              ud et	
                         	 	     	     	 o  an e  ro              ud et	
TOTAL MAINTENANCE E PENDITURES	 	11 0  	 	208 2  	 	20     		
					
ADMINISTRATIVE E PENDITURES					
               	   	     	 	 ine te li inated	
                        	  	   	 	 ine te li inated	
           	     	      	      	 o  an e  ro              ud et	
          	      	      	      	     djust ent	
           	     	     	     	 o  an e  ro              ud et	
     	     	      	      	             enditures rou  eb        ere $     	
               	      	      	      	 s er ontract	
          	     	     	     	 cce ted   ount or                udit	
                                  	   	   	   	 o  an e  ro              ud et	
                                  	   	   	   	 o  an e  ro              ud et	
         	     	     	     	 nsurance sti ate	
                 	     	     	     	$     ncrease ro                  ud et	
                         	   	     	     	 o  an e  ro              ud et	
       	   	   	   	$  ecrease ro               ud et	
               	   	     	     	$  ecrease ro               ud et	
                    	   	   	   	 o  an e  ro              ud et	
                  	     	     	     	 o  an e  ro              ud et	
                          	     	     	     	 o  an e  ro              ud et	
                          	     	     	     	 o  an e  ro              ud et	
                                       	     	     	     	 o  an e  ro              ud et	
                                       	 	 	 	 ra er s o on er  ar in  or        ond	
TOTAL ADMINISTRATIVE E PENDITURES	 	 8 2  	 	12 0 1	 	122 0  		
					
TOTAL E PENDITURES	 	21 3  	 	332 28 	 	331 81 		
					
REVENUES LESS E PENDITURES	 	1 1 1  	 	1 0 8 88 	 	1 0 3 3		
					
                           	         	         	         	            a ents	
                           	         	         	         	            a ents	
					
BALANCE	 	1 80	 	 1    	 	 2 12		
					
                                                     	        	        	        	  ree nd  ne alf ercent f otal ssess ent oll	
                            	        	        	        	 our ercent  f otal ssess ent oll	
					
E CESS/ (S ORTFALL)	 	8 3  	 	( 3 8 )	 	( 3 38 )		
					
                         	 	      	      	 arr over ro rior ear	
					
NET E CESS/ (S ORTFALL)	 	8 3  	 	-	 	-		

 ote: rojected vailable unds alance s f        is $       

DETAILED PROPOSED DEBT SERVICE (SERIES 2013) FUND BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1 2021 - SEPTEMBER 30 2022

REVENUES	FISCAL YEAR 201 /2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	

 nterest nco e	

  	
 rojected nterest or          	

     ollection	

       	
 a i u ebt ervice ollection	

 re aid ond ollection	

 	
 re aid ond ollection	

Total Revenues	
 	
 0 01	
 	
  8 13 	
 	
  8 010		

E PENDITURES					

 rinci al a ents          	

       	
 rinci al a ent ue n     	

 rinci al a ents          	

      	
 rinci al a ent ue n     	

 nterest a ents          	

       	
 nterest a ents ue n     	

 nterest a ents          	

      	
 nterest a ents ue n     	

 ond ede tion	

     	
 sti ated cess ebt ollections	

Total Expenditures	
 	
 8 831	
 	
  8 13 	
 	
  8 010		

Excess/ (Shortfall)	
 	
20 0	
 	
-	
 	
-		

Series 2013A-1 Bond Refunding Information	
 ri inal ar ount =	$         	 nnual rinci al a ents ue =	 a st	
 nterest ate =	   %       %	 nnual nterest a ents ue =	 a st ove ber st	
 ssue ate =	June     			
 aturit ate =	 a      			
 ar  ount s f       =	$         			

Series 2013A-2 Bond Refunding Information	
 ri inal ar ount =	$       	 nnual rinci al a ents ue =	 a st	
 nterest ate =
 ssue ate =	   %     %
June     	 nnual nterest a ents ue =	 a st ove ber st	
 aturit ate =	 a      			
 ar  ount s f       =	$       			

DETAILED PROPOSED DEBT SERVICE (SERIES 2018) FUND BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1 2021 - SEPTEMBER 30 2022

REVENUES	FISCAL YEAR 201 /2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	

 nterest nco e	

  	
 rojected nterest or          	

     ollection	

       	
 a i u ebt ervice ollection	

 re aid ond ollection	

 	
 re aid ond ollection	

Total Revenues	
 	
    8 3	
 	
 3 10 	
 	
 38 81		

E PENDITURES					

 rinci al a ents	

       	
 rinci al a ent ue n     	

 nterest a ents	

       	
 nterest a ents ue n     	

 ond ede tion	

   	
 sti ated cess ebt ollections	

Total Expenditures	
 	
  3 2  	
 	
 3 10 	
 	
 38 81		

Excess/ (Shortfall)	
 	
1  8	
 	
-	
 	
-		

Series 2018 Bond Refunding Information
 ri inal ar ount =	$         	 nnual rinci al a ents ue =	 a st	
 nterest ate =	    %       %	 nnual nterest a ents ue =	 a st ove ber st	
 ssue ate =	 arc      			
 aturit ate =

 ar  ount s  f       =	 a      

$         			

Verona Walk Community Development District Assessment Comparison

 ot
 i e
  ase ne		 iscal ear
         
 ssess ent 	 iscal ear
         
 ssess ent 	 iscal ear
         
 ssess ent 	 iscal ear
         
 ssess ent 	Fiscal Year 2021/2022
Pro ected Assessment*	
 own o e    
 a an	     
 ebt
 otal	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	 
 	
 	1 2 13
  0 00
 02 13	
							
 u le     
 a ri arrin ton	     
 ebt
 otal	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	 
 	
 	1 2 13
  0 00
 02 13	
							
 in le a il     
 a ont	     
 ebt
 otal	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	 
 	
 	1 2 13
 3 00
    13	
							
 in le a il     
 arl le	     
 ebt
 otal	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	 
 	
 	1 2 13
 30 00
8 2 13	

  ase wo							
 u le            
 a ri arrin ton	     
 ebt
 otal	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	 
 	
 	1 2 13
 11 00
  3 13	
							
 in le a il     
 arden	     
 ebt
 otal	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	 
 	
 	1 2 13
    00
 3 13	
							
 in le a il     
 a ont	     
 ebt
 otal	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	 
 	
 	1 2 13
 01 00
  3 13	
							
 in le a il     
 arl le	     
 ebt
 otal	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
$	      	 
 	
 	1 2 13
  1 00
8 3 13	
							
 in le a il     
 state	     
 ebt
 otal	$	      
$	      
$	        	$	      
$	      
$	      	$	      
$	      
$	      	$	      
$	      
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 	1 2 13
    00
 21 13	

* ssess ents nclude t e ollowin 

 % iscount for arl a ents
 % ount  ro ert     raiser osts
   % ount a ollector osts

 o unit nfor ation:
Phase I
 o of nits	
   e	
 ront oota e	
 a e	 a i u  nnual
 ebt ssess ent	
 ond re a ents	 ot
 ifferential re a ent 	
   	 own o e	   	 a an	$	   	 	  	
   	 u le 	   	 a ri arrin ton	$	   	  	 	
   	 in le a il 	   	 a ont	$	   	 	   	
  	 in le a il 	   	 arl le	$	   	 	 	

Phase II
 o of nits	
   e	
 ront oota e	
 a e	 a i u  nnual
 ebt ssess ent	
 ond re a ents	 ot isclosure
 ifferential re a ent  	
   	 u le    	       	 a ri arrin ton	$	   	 	  	
  	 u le 	   	 arden	$	   	 	 	
   	  	   	 a ont	$	   	 	 	
   	  	       	 arl le	$	   	 	 	
  	  	   	 state	$	   	 	 	

0 New Bond Prepayers For 2021/2022

Developer made Bond Prepayment in August 201 for 3 lot differential ( 8 Phase 1 Caymans replaced with 3 Oakmonts)
Developer made Bond Prepayment in November 201 for 1 lot differential (1 Phase 1 Carlyle replaced with 1 Oakmont)
** Developer built Carrington omes on Garden Lots (Karina Street) - Debt Assessments for those lots was	8 - now      
** Developer made Bond Prepayment in November 201 for lot disclosure differential ( 0' disclosed at 3 '/ 0' rate) Total Lots Assessed For O&M = 1 20

Verona Walk Community Development District

Financial Report For March 2021

  RONA WA K COMM NI Y D OPM N DI RIC MON H Y FINANCIA R POR 
MARCH     

R N   	Annual Budget
  / /     /3 /  	
Actual Mar   	Year o Date Actual
  / /    3/3 /  	
O &              	       	     	       	
                 - R        	       	     	       	
                 - R        	       	     	       	
O H R R V U  	 	 	 	
    R      O  	   	 	   	
				
 O A R N   	 	         	 	      	 	  3      	
				
  P NDI R  				
MAIN NANC P NDI R  				
F       P OR	      	     	      	
V H	R 	 	 	     	
V H	UR    	     	 	   	
V H	QU P                OO   	     	 	 	
V H	&            	     	  	  	
      PR         R  	      	     	      	
         R QU                     H R  	     	 	     	
         OR  &                  P        	      	 	 	
           O    	      	 	 	
OU F   P P &   RU  UR     P  O &         	     	 	 	
  OR P P & RO O R P R 	      	 	 	
 R      	     	 	 	
          OU             	     	 	 	
 O F R  OR   	     	 	 	
 O A MAIN NANC P NDI  R  	 	       	 	 3    	 	   3  	
				
ADMINI RA I     P NDI R  				
 UP RV OR F   	     	 	 	
P RO              P O R 	   	 	 	
       R   	      	 	     	
          	      	     	      	
   R  R   	     	   	     	
     	      	 	     	
           RO  	      	 	 	
 U F   	     	 	 	
 R   R   R     F -  R        	   	 	 	
 R   R   R     F -  R        	   	 	 	
   UR    	     	 	     	
        V R      	     	 	   	
          OU O         	     	   	   	
PO     	   	  	   	
OFF     UPP    	     	  	   	
 U &  U  R P  O  	   	 	   	
                  	     	   	     	
 RU     F	R        	     	 	 	
 RU     F	R        	     	     	     	
 O    U        O UR F -  R        	     	 	 	
 O    U        O UR F -  R        	 	 	 	
 O A ADMINI RA I    P NDI R  	 	       	 	     	 	      	
				
 O A P NDI  R  	 	33     	 	    3 	 	       	
				
R   N            P NDI R  	 	         	 	       	 	       33	
				
 O  P          R         	         	       	         	
 O  P          R         	         	       	         	
				
BA ANC 	 	      	 	        	 	       	
				
        R V  O   	        	     	        	
    OU  FOR  R  P       	        	    	        	
				
  C /  HOR FA   	 	  3     	 	    3   	 	     3 	
				
  RR OV R FRO PR OR   R	      	 	 	
				
N     C /  HOR FA   	 	 	 	    3   	 	     3 	

Bank Balance As Of / /  	 	 3     .  	
Funds Received: 3/ /     3/3 /  	 	      .  	
Disbursements: 3/ /     3/3 /  	 	      .  	
Bank Balance As Of 3/3 /  	 	       .3 	
Accounts Payable As Of 3/3 /  	 	3  .  	
Accounts Receivable As Of 3/3 /  	 	 	
Available Funds As Of 3/3 /  	 	    3 .  	

 erona Walk Community Develo ment District
Budget vs. Actual
October          t roug Marc      

Oct    Marc	/  Budget	Over Budget	% of Budget
 	 	 	
Income

3  3.      O M Assessment Income	          		          		-        		     	
3 3.     Debt Assessments eries  3 	          		          		-         		      	
3 3. 3 Debt Assessments eries      	          		          		-         		      	
3 3.     Debt Assessmnt Pd o rustee 3	-          		-          		        		      	
3 3. 3 Debt Assessmnt Pd o rustee   	-          		-          		        		      	
3 3. 3 Assessment Fees	-         		-         		         		      	
3 3. 3 Discounts For arly Payments	-         		-         		        		      	
3   .3     Carryover From Prior Year
3   .      Interest Income	    
      		         
      		-         
-     		    
     	
 otal Income	          		          		-         		      	
   ense								
   .     Payroll a      ense	    		      		-      		    	
   . 3    u ervisor Fees	    		        		-        		    	
   .3     Dredging	    		        		-        		    	
   .3     Miscellaneous Maintenance	    		        		-        		    	
   .3      ngineering	        		         		-         		      	
   .3     Management Fees	         		         		-         		     	
   .3      ecretarial Fees	        		        		-        		     	
   .3      egal Fees	        		         		-         		      	
   .3     Assessment/ a Roll	    		         		-         		    	
   .3    Audit Fees	    		        		-        		    	
   .33 Arbitrage Rebate Fee	    		        		-        		    	
   .     Insurance	        		        		-      		      	
   .       egal Advertisements	      		        		-      		      	
   .     Miscellaneous	      		        		-        		      	
   . 3 Postage and Delivery	      		      		-      		      	
   .     Office u lies	      		        		-        		      	
   .     Dues  icense  ubscri tions	      		      		    		      	
   .     Website Management	      		        		-        		     	
   . 3  Continuing Disclosure Fee  3	    		        		-        		    	
  3. 33   rustee Fees   eries    3	    		        		-        		    	
   .       olf Cart torage	    		        		-        		    	
   .     Field Ins ector	         		         		-         		      	
   .      e icle Cart	        		    		        		      	
   . 3 e icle Insurance	      		        		-      		      	
   .      e icle ui ment small tools 	    		        		-        		    	
   .      e icle as and Maintenance	     		        		-        		     	
   .       ake raying Clark 	         		         		-         		      	
   .       ake H O uality ests Benc mrk	        		        		-        		     	
   .       ake  ittoral  ake Bank Plant	    		         		-         		    	
   .     Outfall Pi e  tructure Ins   	    		        		-        		    	
   .      torm Pi e rosion Re airs	    		         		-         		    	
   .       ake Bank Mo ing
   . 33 rustee Fees       	    
        		         
        		-         
-      		    
      	
 otal    ense	          		          		-          		      	

Net Income	
     3 .  		
 .  		
     3 .  		
   . %	

 erona Walk Community Develo ment District
Balance eet
As of Marc 3       

O erating Fund	Debt ervice  3 Fund	Debt ervice       Fund	eneral Fi ed Assets Fund	ong erm Debt Fund	O A 
     
A     
Current Assets
O erating Bank Account	

    		

          	
 otal Current Assets	          		    		    		    		    		          	
Fi ed Assets												
 torm Water Management	    		    		    		             		    		             	
Accumulated De reciation torm ater Mgt	    		    		    		-            		    		-            	
 otal Fi ed Assets	    		    		    		            		    		            	
Ot er Assets												
A/R Assessment Income	    		    		    		    		    		    	
A/R Non Ad alorem Recei ts	    		    		    		    		    		    	
Investments Construction	    		    		    		    		    		    	
Investments Interest Acct	    		    		    		    		    		    	
Investments Reserve Acct	    		          		         		    		    		          	
Investments Revenue Acct	    		          		          		    		    		            	
Investments Pre ayment Acct	    		      		        		    		    		        	
Investments     cess Revenue	    		      		    		    		    		      	
Amount Available In D F      3 	    		    		    		    		          		          	
Amount Available In D F       	    		    		    		    		          		          	
          Amount o Be Provided	    		    		    		    		             		             	
 otal Ot er Assets	    		          		          		    		             		             	
 O A A     	 	       .3 		 	    3 .  		 	       .33		 	       3 .  		 	     3 .  		 	          .  	

 IABI I I        I Y												
 iabilities
Current iabilities												
Accrued enses	    		    		    		    		    		    	
Accounts Payable	         		    		    		    		    		         	

 otal Current iabilities	

    		

         	
 ong erm iabilities												
  ecial Assessment Debt      3A   	    		    		    		    		            		            	
  ecial Assessment Debt      3A   	    		    		    		    		          		          	
  ecial Assessment Debt     	    		    		    		    		            		            	
 otal ong erm iabilities	    		    		    		    		             		             	

 otal iabilities	

    		

             	
  uity												
Retained arnings	          		          		          		-            		    		-            	
Current Year De reciation	    		    		    		    		    		    	
Net Income	          		          		          		    		    		          	
Investment In en Fi ed Assets	    		    		    		             		    		             	
 otal uity	          		          		          		            		    		             	

 O A  IABI I I        I Y	
 	       .3 		
 	    3 .  		
 	       .33		
 	       3 .  		
 	     3 .  		
 	          .