VERONA WALK COMMUNITY DEVELOPMENT
DISTRICT

COLLIER COUNTY Regular Board Meeting & Public Hearing August 18, 2022
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 8090 Sorrento Lane
Naples, Florida 34114
REGULAR BOARD MEETING & PUBLIC HEARING
August 18, 2022
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
July 21, 2022 Regular Board Meeting…	Page 2
Public Hearing
Proof of Publication…	Page 6
Receive Public Comments on Fiscal Year 2022/2023 Final Budget
Consider Resolution No. 2022-03 – Adopting Fiscal Year 2022/2023 Final Budget…	Page 7
Old Business
Further Discussion Regarding Spikerush Treatment…	Page 15
New Business
Consider Resolution No. 2022-04 – Adopting Fiscal Year 2022/2023 Meeting Schedule…	Page 19
Consider Resolution No. 2022-05 – Declaring Board Vacancy…	Page 21
Discussion Regarding Ponds 1 and 2 – Clarke
Discussion Regarding Lake Bank Trimming
Consider Appointment of Audit Committee & Approval of Evaluation Criteria…	Page 23
Administrative Matters
District Attorney Update
District Engineer Update
Field Inspector Update
District Manager Update
Financials…	Page 27
Board Members Comments
Adjourn

apb s

 
PARTOt"fHf USA TODAYNETWORK
Published Daily Naples, FL 34110

VERONA WALK COMMUNITY DEV. 2501 A BURNS RD

PALM BEACH GARDENS, FL 33410

Affidavit of Publication
STATE OF WISCONSIN

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2021/2022 REGULAR MEETING SCHEDULE
NOTICE 15 HEREBY GIVEN that the Board of Supervisors of the Verona Walk Community Development District will hold Regular Meetings at 10:00 a.m. in the Town Center at Verona Walk lo­ cated at 8090 Sorrento Lane, Naples, Florida 34114, on the fol­

COUNTY OF BROWN

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

lowing dates:

October 21, 2021
November 16, 2021
December 16, 2021
January 20, 2022
February 17, 2022
March 17, 2022
April 21, 2022
May 19, 2022
June 16, 2022
July 21, 2022
August 18, 2022
September 15, 2022

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 said newspaper issue(s) dated:

lssue(s) dated: 10/07/20 21	,,,	

Subscribed and sworn to before on October 7, 2021:

My commission expires Publication Cost: $420.00
Ad No: 0004944462

NANCY HEYRMAN
i\!otary Public Stat® of Wisconsirii

Customer No: 1308371 PO#:
# of Affid;wits 1
This is not an invoice

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
#4944462	10/7/2021

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
JULY 21, 2022

CALL TO ORDER

The July 21, 2022, Regular Board Meeting of the Verona Walk Community Development District (the “District”) was called to order at 10:00 a.m. 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 7, 2021, as part of the District’s Fiscal Year 2021/2022 Meeting Schedule, as legally required.

CONSIDER APPOINTMENTS TO BOARD VACANCIES

Resumes were submitted by 3 people, none of which were present at the meeting. Ms. Meneely stated that no one had qualified for the seats in the general election. Mr. Urbancic indicated that the Board should declare the vacancies via resolution.

ADMINISTER OATH OF OFFICE AND REVIEW BOARD MEMBER DUTIES & RESPONSIBILITIES

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:

Chairman		Vacant	
Vice Chairman	Patrick Clifford	Present	
Supervisor	Marilyn Czubkowski	Present	
Supervisor	Peter Monti	Present	
Supervisor		Vacant	

Staff members in attendance were:

District Manager	Kathleen Meneely	Special District Services, Inc.	
District Manager	Michelle Krizen	Special District Services, Inc.	
General Counsel	Greg Urbancic	Coleman Yovanovich Koester	
District Engineer	Terry Cole (via phone)	Hole Montes, Inc.	
Page 1 of 4

Field Inspector	Bohdan Hirniak		

Also present were the following: Jack Hogan, Herb Czeseski, Jeanne Condle and Christine Briggs.

ADDITIONS OR DELETIONS TO THE AGENDA

Mr. Clifford asked if the Board could reorganize since it may be awhile before the vacancies are filled. Mr. Urbancic stated that they could add it to the agenda and authorize completion of a resolution to reorganize the Board. There was a consensus of the Board to do so.

A motion was made by Mr. Clifford, seconded by Mr. Monti and passed unanimously nominating Ms. Czubkowski as the District’s Chairperson.

A motion was made by Mr. Clifford, seconded by Ms. Czubkowski and passed unanimously nominating Mr. Monti as Vice Chair.

A motion was made by Ms. Czubkowski, seconded by Mr. Monti nominating Ms. Meneely as Treasurer/Secretary with Michelle Krizen and Mr. Clifford as Assistant Secretaries. Upon being put to a vote, the motion carried unanimously.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA

Ms. Condle thanked the Board for all their time and hard work. Christine Briggs also thanked the Board Members.

APPROVAL OF MINUTES
June 16, 2022, Regular Board Meeting

The June 16, 2022, Regular Board Meeting minutes were presented for approval.

Under the update on drainage and pools section, the reference to Mr. Blee should be Mr. Monroe and it should indicate that Mr. Urbancic attended the meeting via phone.

A motion was then made by Ms. Czubkowski, seconded by Mr. Clifford and passed unanimously approving the May 19, 2022, Regular Board Meeting Minutes, as amended.

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Proposal for Front Pond Algae Removal

Mr. Clifford advised that he had looked at the pond earlier today and noted that it looked good after treatment.
Mr. Hirniak explained the algae in the pond was seasonal and it looked like we were going in the right direction. He also noted that we will know more in the next few weeks. Mr. Hirniak advised he

Page 2 of 4

would revisit the pond next month and advise accordingly. No action was taken on this item at this time.

Consider Resolution No. 2022-02 – Adopting the Collier County Protocol Relating to Dewatering of Pools

Resolution No. 2022-02 was presented, entitled:

RESOLUTION NO. 2022-02

A RESOLUTION OF THE BOARD OF SUPERVISORS OF VERONA WALK COMMUNITY DEVELOPMENT DISTRICT ADOPTING THE COLLIER COUNTY PROTOCOL RELATING TO DEWATERING OF POOLS; RECOMMENDING THAT VERONAWALK HOMEOWNERS ASSOCIATION, INC. ADOPT A CONFORMING PROTOCOL AND INCORPORATE THE SAME INTO THE VERONAWALK COMMUNITY RULES AND REGULATIONS; PROVIDING FOR CONFLICT AND SEVERABILITY; AND PROVIDING AN EFFECTIVE DATE.

A motion was made by Ms. Czubkowski, seconded by Mr. Monti and passed unanimously adopting Resolution No. 2022-02, as presented.

It was noted that Ms. Czubkowski would send copies to Sean Daughtry, President of the HOA, the HOA Chair and the HOA office.

Consider Agreement for Mowing Services with VW HOA and Authorizing Duvall Proposal for Lake Bank Mowing this Year

Mr. Hirniak explained that inflation had been a big factor on the price increases, as most CDDs have an agreement with the HOA in place to incorporate this with other mowing services. He added that the 2022 budget for mowing the lake banks is $10,000. He indicated that the proposals range from
$16,200 (Duvall) to $27,000.  Mr. Hirniak will make sure Duvall has the CDD named insured.

A motion was made by Mr. Clifford, seconded by Mr. Monti approving the proposal from Duvall and sending the agreement to the HOA for their consideration and edits.

ADMINISTRATIVE MATTERS
District Attorney Update

There was no District Attorney update at this time.

District Engineer Update

Mr. Cole advised that the Stormwater Needs Analysis was submitted to Collier County and acknowledged.

Page 3 of 4

Field Inspector Update
Update on Lily Pads

Mr. Hirniak advised that the lily pads had been sprayed in Lake 19, but they take a while to disappear. Mr. Hogan indicated he had been watching the lily pads and researched that they can be beneficial to the ecosystem and he no longer has any issues with them.

Mr. Hirniak reported the rainfall was 20% higher than average and the lake levels are historically the same.

Mr. Hirniak advised he was asked to look at a pool with a silk fence collapse, but has no authority on this, it would be the HOA.

District Manager Update
Financials

Ms. Meneely went over the financials. It was noted that there were some miscellaneous item were categorized incorrectly and would be adjusted.

Ms. Meneely went over the meeting schedule indicating that the next meetings were scheduled for August 18, 2022, and would include a public hearing on the budget. She also noted that the final meeting date of the fiscal year was scheduled for September 19, 2022.

BOARD MEMBER COMMENTS

Mr. Monti advised that he had met with Mike Sweeny from Advanced Aquatic and had signed the agreement for the littoral planting project, which will take place once the water levels are lower.

Mr. Clifford indicated he received an email about Ponds 1 and 2 and responded to the email. Ms. Czubkowski led a discussion about the procedures to follow and which Board Member should respond to emails from residents. It was decided, when appropriate, the Chair would respond and copy Ms. Meneely. Ms. Meneely will then share the email with the rest of the Board, as appropriate.

ADJOURNMENT

There being no further business to come before the Board, the Regular Board Meeting was adjourned at 10:47 a.m. on a motion made by Mr. Clifford, seconded by Mr. Monti and that motion carried unanimously.

Secretary/Assistant Secretary	Chair/Vice-Chair

Page 4 of 4

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RESOLUTION NO. 2022-03

A RESOLUTION OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2022/2023 BUDGET.

WHEREAS, the Verona Walk Community Development District (“District”) has prepared a Proposed Budget and Final Special Assessment Roll for Fiscal Year 2022/2023 and has held a duly advertised Public Hearing to receive public comments on the Proposed Budget and Final Special Assessment Roll; and,

WHEREAS, following the Public Hearing and the adoption of the Proposed Budget and Final Assessment Roll, the District is now authorized to levy non ad-valorem assessments upon the properties within the District.

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

Section 1.	The Final Budget and Final Special Assessment Roll for Fiscal Year 2022/2023 attached hereto as Exhibit “A” is approved and adopted, and the assessments set forth therein shall be levied.

Section 2.	The Secretary of the District is authorized to execute any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 18th day of August, 2022.

ATTEST:	VERONA WALK
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Verona Walk
Community Development District

Final Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2013)

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2018)

ASSESSMENT COMPARISON

FINAL BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2022/2023
BUDGET	
O M ASSESSMENTS	311,297	
'EBT ASSESSMENTS - SER ES 2013	515,565	
'EBT ASSESSMENTS - SER ES 2018	582,655	
OTHER REVENUES	0	
 NTEREST NCOME	 80	
		
TOTAL REVENUES	 	1, 0 , 	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
F EL' NSPECTOR	 2,000	
VEH CLE - CART	0	
VEH CLE - NSURANCE	1,000	
VEH CLE - E4U PMENT SMALL TOOLS 	1,5 5	
VEH CLE - GAS MA NTENANCE	2,750	
GOLF CART STORAGE	1,200	
LA.E SPRA< NG CLAR. 	77,500	
LA.E :ATER 4UAL T< TEST NG BENCHMAR. 	6,000	
LA.E L TTORAL PRO-ECTS	20,000	
LA.E BAN. MO: NG	12,000	
OUTFALL P PE STRUCTURE NSPECT ON CLEAN NG	5,000	
STORM P PE EROS ON REPA RS	50,000	
'RE'G NG	1,000	
M SCELLANEOUS MA NTENANCE	1,250	
TOTAL MAINTENANCE EXPENDITURES	 	221,2 	
		
ADMINISTRATIVE EXPENDITURES		
SUPERV SOR FEES	0	
PA<ROLL TA;ES EMPLO<ER 	0	
ENG NEER NG	1 ,500	
MANAGEMENT	 8,3 8	
SECRETAR AL	 ,200	
LEGAL	16,500	
ASSESSMENT ROLL	10,000	
AU' T FEES	3,900	
ARB TRAGE REBATE FEE - SER ES 2013	650	
ARB TRAGE REBATE FEE - SER ES 2018	650	
 NSURANCE	7,250	
LEGAL A'VERT S NG	2,050	
M SCELLANEOUS/CONT NGENC<	2,200	
POSTAGE	700	
OFF CE SUPPL ES	1,075	
'UES SUBSCR PT ONS	175	
:EBS TE MANAGEMENT	2,000	
TRUSTEE FEES - SER ES 2013	 ,730	
TRUSTEE FEES - SER ES 2018	 ,100	
CONT NU NG ' SCLOSURE FEE	1,000	
TOTAL ADMINISTRATIVE EXPENDITURES	 	12 ,028	
		
TOTAL EXPENDITURES	 	3 ,2 3	
		
REVENUES LESS EXPENDITURES	 	1,0 , 2 	
		
BON' PA<MENTS SER ES 2013 	 76,898 	
BON' PA<MENTS SER ES 2018 	 538,956 	
		
BALANCE	 	 8,8 0	
		
COUNT< APPRA SER TA; COLLECTOR A'M N STRAT VE COSTS	 8,628 	
' SCOUNTS FOR EARL< PA<MENTS	 57,085 	
		
EXCESS/ (S+ORTFALL)	 	( ,8 3)	
		
CARR<OVER FROM PR OR <EAR	56,8 3	
		
NET EXCESS/ (S+ORTFALL)	 	-	

Note: Projected Available Funds Balance As Of 9-30-22 is $560,000

DETAILED FINAL BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	
FISCAL YEAR 2020/2021 ACTUAL	
FISCAL YEAR 2021/2022 BUDGET	
FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	
O & M ASSESSMENTS	311,569	311,297	311,297	Expenditures Less nterest & Carryover/ 925	
DEBT ASSESSMENTS - SER ES 2013	516,888	516,740	515,565	Bond Payments/ 925	
DEBT ASSESSMENTS - SER ES 2018	582,787	582,655	582,655	Bond Payments/ 925	
OTHER REVENUES	0	0	0		
 NTEREST NCOME	835	480	480	 nterest Projected At $40 Per Month	
					
TOTAL REVENUES	$	1,412,079	$	1,411,172	$	1,409,997		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
F ELD NSPECTOR	39,999	40,500	42,000	$1,500 ncrease From 2021/2022Budget	
VEH CLE - CART	5,750	0	0	Fiscal Year 2020/2021 Expenditure	
VEH CLE - NSURANCE	578	1,000	1,000	No Change From 2021/2022 Budget	
VEH CLE - EQU PMENT (SMALL TOOLS)	0	1,545	1,545	No Change From 2021/2022 Budget	
VEH CLE - GAS & MA NTENANCE	142	2,750	2,750	No Change From 2021/2022 Budget	
GOLF CART STORAGE	1,200	1,200	1,200	No Change From 2021/2022 Budget	
LA.E SPRAY NG (CLAR.)	90,402	72,500	77,500	FY 21/22 Expenditure Through April 2022 Was $39,550	
LA.E WATER QUAL TY TEST NG (BENCHMAR.)	3,168	6,000	6,000	No Change From 2021/2022 Budget	
LA.E L TTORAL PRO-ECTS	0	17,000	20,000	$3,000 ncrease From 2021/2022 Budget	
LA.E BAN. MOW NG	0	10,000	12,000	$2,000 ncrease From 2021/2022 Budget	
OUTFALL P PE & STRUCTURE NSPECT ON & CLEAN NG	0	5,000	5,000	No Change From 2021/2022 Budget	
STORM P PE & EROS ON REPA RS	37,219	50,000	50,000	No Change From 2021/2022 Budget	
DREDG NG	0	1,000	1,000	No Change From 2021/2022 Budget	
M SCELLANEOUS MA NTENANCE	6,887	1,250	1,250	No Change From 2021/2022 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	185,345	$	209,745	$	221,245		
					
ADMINISTRATIVE EXPENDITURES					
SUPERV SOR FEES	0	0	0	Line tem Eliminated	
PAYROLL TA;ES (EMPLOYER)	0	0	0	Line tem Eliminated	
ENG NEER NG	6,433	14,500	14,500	No Change From 2021/2022 Budget	
MANAGEMENT	46,296	46,944	48,348	CP Adjustment (Capped At 3 )	
SECRETAR AL	4,200	4,200	4,200	No Change From 2021/2022 Budget	
LEGAL	11,344	16,500	16,500	FY 21/22 Expenditures Through April 2022 Were $5,180	
ASSESSMENT ROLL	10,000	10,000	10,000	As Per Contract	
AUD T FEES	3,700	3,800	3,900	$100 ncrease From 2021/2022 Budget	
ARB TRAGE REBATE FEE - SER ES 2013	650	650	650	No Change From 2021/2022 Budget	
ARB TRAGE REBATE FEE - SER ES 2018	650	650	650	No Change From 2021/2022 Budget	
 NSURANCE	5,819	6,500	7,250	 nsurance Estimate	
LEGAL ADVERT S NG	1,533	2,100	2,050	$50 Decrease From 2021/2022 Budget	
M SCELLANEOUS/CONT NGENCY	650	2,400	2,200	$200 Decrease From 2021/2022 Budget	
POSTAGE	350	700	700	No Change From 2021/2022 Budget	
OFF CE SUPPL ES	427	1,125	1,075	$50 Decrease From 2021/2022 Budget	
DUES & SUBSCR PT ONS	175	175	175	No Change From 2021/2022 Budget	
WEBS TE MANAGEMENT	2,000	2,000	2,000	No Change From 2021/2022 Budget	
TRUSTEE FEES - SER ES 2013	4,730	4,730	4,730	No Change From 2021/2022 Budget	
TRUSTEE FEES - SER ES 2018	3,708	4,100	4,100	No Change From 2021/2022 Budget	
CONT NU NG D SCLOSURE FEE	1,000	1,000	1,000	No Change From 2021/2022 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	103,665	$	122,074	$	124,028		
					
TOTAL EXPENDITURES	$	289,010	$	331,819	$	345,273		
					
REVENUES LESS EXPENDITURES	$	1,123,069	$	1,079,353	$	1,064,724		
					
BOND PAYMENTS (SER ES 2013)	(487,630)	(477,985)	(476,898)	2023 P & Payments	
BOND PAYMENTS (SER ES 2018)	(549,798)	(538,956)	(538,956)	2023 P & Payments	
					
BALANCE	$	85,641	$	62,412	$	48,870		
					
COUNTY APPRA SER & TA; COLLECTOR ADM N STRAT VE COSTS	(18,023)	(48,668)	(48,628)	Three And One Half Percent Of Total Assessment Roll	
D SCOUNTS FOR EARLY PAYMENTS	(52,708)	(57,133)	(57,085)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (S+ORTFALL)	$	14,910	$	(43,389)	$	(56,843)		
					
CARRYOVER FROM PR OR YEAR	0	43,389	56,843	Carryover From Prior Year	
					
NET EXCESS/ (S+ORTFALL)	$	14,910	$	-	$	-		

Note: Projected Available Funds Balance As Of 9-30-22 is $560,000

DETAILED FINAL DEBT SERVICE (SERIES 2013) FUND BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

 nterest ncome	
27	
25	
25	
Projected nterest For 2022/2023	

NAV Collection	
487,630	
477,985	
477,985	
Maximum Debt Service Collection	

Prepaid Bond Collection	
10,774	
0	
0	
Prepaid Bond Collection	

Total Revenues	
$	498,431	
$	478,010	
$	478,010		

EXPENDITURES					

Principal Payments (2013A-1)	
240,000	
250,000	
260,000	
Principal Payment Due n 2023	

Principal Payments (2013A-2)	
10,000	
25,000	
15,000	
Principal Payment Due n 2023	

 nterest Payments (2013A-1)	
201,378	
188,606	
178,413	
 nterest Payments Due n 2023	

 nterest Payments (2013A-2)	
13,463	
12,688	
11,088	
 nterest Payments Due n 2023	

Bond Redemption	
55,000	
1,716	
13,509	
Estimated Excess Debt Collections	

Total Expenditures	
$	519,841	
$	478,010	
$	478,010		

Excess/ (Shortfall)	
$	(21,410)	
$	-	
$	-		

Series 2013A-1 Bond Refunding Information	
Original Par Amount =	$6,455,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =	1.1% - 4.375%	Annual nterest Payments Due =	May 1st & November 1st	
 ssue Date =	June 2013			
Maturity Date =	May 2035			
Par Amount As Of 1/1/22 =	$4,565,000			

Series 2013A-2 Bond Refunding Information	
Original Par Amount =	$650,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =
 ssue Date =	4.5% - 5.0%
June 2013	Annual nterest Payments Due =	May 1st & November 1st	
Maturity Date =	May 2035			
Par Amount As Of 1/1/22 =	$220,000			

DETAILED FINAL DEBT SERVICE (SERIES 2018) FUND BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

 nterest ncome	
18	
25	
25	
Projected nterest For 2022/2023	

NAV Collection	
549,798	
538,956	
538,956	
Maximum Debt Service Collection	

Prepaid Bond Collection	
0	
0	
0	
Prepaid Bond Collection	

Total Revenues	
$	549,816	
$	538,981	
$	538,981		

EXPENDITURES					

Principal Payments	
317,000	
328,000	
338,000	
Principal Payment Due n 2023	

 nterest Payments	
226,298	
210,665	
199,843	
 nterest Payments Due n 2023	

Bond Redemption	
0	
316	
1,138	
Estimated Excess Debt Collections	

Total Expenditures	
$	543,298	
$	538,981	
$	538,981		

Excess/ (Shortfall)	
$	6,518	
$	-	
$	-		

Series 2018 Bond Refunding Information
Original Par Amount =	$7,677,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =	3.25% - 5.375%	Annual nterest Payments Due =	May 1st & November 1st	
 ssue Date =	March 2018			
Maturity Date =

Par Amount As Of 1/1/22 =	May 2037

$6,646,000			

Verona Walk Community Development District Assessment Comparison

Lot Si]e
Phase One		Fiscal Year 2018/2019
Assessment*	Fiscal Year 2019/2020
Assessment*	Fiscal Year 2020/2021
Assessment*	Fiscal Year 2021/2022
Assessment*	Fiscal Year 2022/2023
ProMected Assessment*	
Townhome 26'	O & M	$	162.13	$	162.13	$	162.13	$	162.13	$	162.13	
Cayman	Debt	$	540.00	$	540.00	$	540.00	$	540.00	$	540.00	
	Total	$	702.13	$	702.13	$	702.13	$	702.13	$	702.13	
							
Duplex 36'	O & M	$	162.13	$	162.13	$	162.13	$	162.13	$	162.13	
Capri/Carrington	Debt	$	540.00	$	540.00	$	540.00	$	540.00	$	540.00	
	Total	$	702.13	$	702.13	$	702.13	$	702.13	$	702.13	
							
Single Family 50'	O & M	$	162.13	$	162.13	$	162.13	$	162.13	$	162.13	
Oakmont	Debt	$	635.00	$	635.00	$	635.00	$	635.00	$	635.00	
	Total	$	797.13	$	797.13	$	797.13	$	797.13	$	797.13	
							
Single Family 60'	O & M	$	162.13	$	162.13	$	162.13	$	162.13	$	162.13	
Carlyle	Debt	$	730.00	$	730.00	$	730.00	$	730.00	$	730.00	
	Total	$	892.13	$	892.13	$	892.13	$	892.13	$	892.13	

Phase Two							
Duplex 36'/SF 40'	O & M	$	162.13	$	162.13	$	162.13	$	162.13	$	162.13	
Capri/Carrington	Debt	$	600.00	$	511.00	$	511.00	$	511.00	$	511.00	
	Total	$	762.13	$	673.13	$	673.13	$	673.13	$	673.13	
							
Single Family 40'	O & M	$	162.13	$	162.13	$	162.13	$	162.13	$	162.13	
Garden	Debt	$	678.00	$	577.00	$	577.00	$	577.00	$	577.00	
	Total	$	840.13	$	739.13	$	739.13	$	739.13	$	739.13	
							
Single Family 50'	O & M	$	162.13	$	162.13	$	162.13	$	162.13	$	162.13	
Oakmont	Debt	$	706.00	$	601.00	$	601.00	$	601.00	$	601.00	
	Total	$	868.13	$	763.13	$	763.13	$	763.13	$	763.13	
							
Single Family 60'	O & M	$	162.13	$	162.13	$	162.13	$	162.13	$	162.13	
Carlyle	Debt	$	812.00	$	691.00	$	691.00	$	691.00	$	691.00	
	Total	$	974.13	$	853.13	$	853.13	$	853.13	$	853.13	
							
Single Family 65'	O & M	$	162.13	$	162.13	$	162.13	$	162.13	$	162.13	
Estate	Debt	$	892.00	$	759.00	$	759.00	$	759.00	$	759.00	
	Total	$	1,054.13	$	921.13	$	921.13	$	921.13	$	921.13	

* Assessments nclude the Following 4% Discount for Early Payments
2% County Property Appraiser Costs 1.5% County Tax Collector Costs

Community nformation:
Phase I
No. of Units	
Type	
Front Footage	
Name	Maximum Annual
Debt Assessment	
Bond Prepayments	Lot
Differential Prepayment*	
246	Townhome	26'	Cayman	$	540	6	68	
350	Duplex	36'	Capri/Carrington	$	540	11	0	
242	Single Family	50'	Oakmont	$	635	7	-35	
97	Single Family	60'	Carlyle	$	730	1	1	
935					25	34	

Phase II
No. of Units	
Type	
Front Footage	
Name	Maximum Annual
Debt Assessment	
Bond Prepayments	Lot Disclosure
Differential Prepayment**	
443	Duplex/SF	36'/40'	Capri/Carrington	$	511	7	-4	
58	Duplex	40'	Garden	$	577	0	4	
325	SF	50'	Oakmont	$	601	7	0	
161	SF	60'/65'	Carlyle	$	691	0	0	
32	SF	65'	Estate	$	759	0	0	
1019					14	0	

0 New Bond Prepayers For 2022/2023 Budget

Developer made Bond Prepayment in August 2014 for 34 lot differential (68 Phase 1 Caymans replaced with 34 Oakmonts)
Developer made Bond Prepayment in November 2014 for 1 lot differential (1 Phase 1 Carlyle replaced with 1 Oakmont)
** Developer built Carrington Homes on Garden Lots (Karina Street) - Debt Assessments for those lots was $678 - now $577.
** Developer made Bond Prepayment in November 2014 for 4 lot disclosure differential (4 40' disclosed at 36'/40' rate) Total Lots Assessed For O&M = 1920

From:	Tricia Lascasas
To:	Jason Pierman
Subject:	FW: [EXTERNAL] CDD Spikerush Herbicide Ineffective? Note Added.
Date:	Tuesday, August 9, 2022 9:14:39 AM

BOARD MEMBERS: Please do not use the reply all feature of your e-mail as it may be deemed a violation of the Sunshine law. Please reply only to the management office. Thank You.
NOTE: Under Florida Law, e-mail addresses are public records. If you do not want your e-mail address released in response to a public records request, do not send electronic mail to this entity. Instead, contact this office by phone or in writing.
Tricia LasCasas
Special District Services, Inc.
The Oaks Center
2501A Burns Road
Palm Beach Gardens, FL 33410 Phone: (561) 630-4922 Ext. 245
Fax: (561) 630-4923
www.sdsinc.org

From: Kathleen Meneely <kmeneely@sdsinc.org>
Sent: Tuesday, August 9, 2022 8:15 AM
To: Tricia Lascasas <TLascasas@sdsinc.org>
Subject: Fwd: [EXTERNAL] CDD Spikerush Herbicide Ineffective? Note Added.

For Verona Walk agenda, please add under Old Business 'Further Discussion on Spikerush Treatment' with below as backup. Thanks.

Kathleen D. Meneely Special District Services, Inc.

From: Marilyn Czubkowski <maczu123@centurylink.net>
Sent: Monday, August 8, 2022 9:46:00 PM
To: Kathleen Meneely <kmeneely@sdsinc.org>; Bohdan Hirniak <bphirniak@aol.com>; Tricia Lascasas
<TLascasas@sdsinc.org>
Subject: Fwd: [EXTERNAL] CDD Spikerush Herbicide Ineffective? Note Added.

Can we still get this on our agenda for discussion Marilyn

Sent from my iPhone Begin forwarded message:
From: Marilyn Czubkowski <maczu123@centurylink.net>
Date: August 8, 2022 at 9:41:59 PM EDT
To: Shannon Roughgarden <shannonr@kwpmc.com>
Subject: Re: [EXTERNAL] CDD Spikerush Herbicide Ineffective? Note Added.

Thank you Shannon Marilyn

Sent from my iPhone

On Aug 8, 2022, at 8:22 PM, Shannon Roughgarden <shannonr@kwpmc.com> wrote:

Hello Marilyn,

Please see the below information obtained from Mr. Allen regarding his concern of the spike rush in the lakes. He has been going back and forth with the CDD on this and now requests the CDD put out information to the community. Should you wish to do so, I can add it as an article in my weekly eblast.
Have a good evening.

Shannon Roughgarden, LCAM

General Manager

KW PROPERTY MANAGEMENT & CONSULTING
Veronawalk HOA
8090 Sorrento Lane Suite 1
Naples, FL 34114
Office: 239-774-0026
shannonr@kwpmc.com www.VeronawalkNaples.com

From: Bruce Allen <bruce1937@comcast.net>
Sent: Monday, August 8, 2022 4:08 PM
To: Shannon Roughgarden <shannonr@kwpmc.com>
Cc: Jeanne Condle <condlejeanne@gmail.com>
Subject: [EXTERNAL] CDD Spikerush Herbicide Ineffective? Note Added.

ATTENTION! This message was sent by an external sender. Do not open attachments or click on the links from unknown senders or unexpected emails.

Good Morning Shannon,

I respectfully request Verona Walk notify all residents and homeowners the Spikerush details from CDD promotion purpose, installation, maintenance, expenses and future plans, including any shared VW and CDD legal responsibility. An open meeting appears necessary.

My concern is home owners bearing the continuing cost for an unsightly failed plan with continuing maintenance that has no end.
Regards, Bruce Allen
7537 Garibaldi Ct.
Verona Walk

If the formerly all white Spikerush border was a product of CDD herbicide spraying to eliminate this invasive plant, much of the white Spikerush is turning green, maybe with new life.

With twenty feet thick growth away from pond banks, it doesn’t appear to prevent pond bank erosion either.

But it does reduce storm water storage, and provides a habitat for disease carrying insects.

Myself and several other neighbors would appreciate Verona Walk analysis and correction plan. Property values may become at risk.

Thank you very much.

Bruce Allen

Note:

“The cost to operate a CDD is borne by those who benefit from its services. Property owners in the CDD are subject to a non-ad valorem assessment, which appears on their annual property tax bill from the county tax collector and may consist of two parts—an annual assessment for operations and maintenance, which can fluctuate up and down from year to year based on the budget adopted for that fiscal year—and an annual capital assessment to repay bonds sold by the CDD to finance community infrastructure and facilities, which annual assessments are generally fixed for the term of the bonds. Because costs and services vary depending upon the individual CDD, specific fee information is available for each community.”

RESOLUTION NO. 2022-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2022/2023 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, it is necessary for the Verona Walk Community Development District ("District") to establish a regular meeting schedule for fiscal year 2022/2023; and

WHEREAS, the Board of Supervisors of the District has set a regular meeting schedule, location and time for District meetings for fiscal year 2022/2023 which is attached hereto and made a part hereof as Exhibit “A”.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE VERONA WALK COMMUNITY DEVELOPMENT DISTRICT, LEE COUNTY, FLORIDA, AS FOLLOWS:

Section 1.   The above recitals are hereby adopted.

Section 2.  The regular meeting schedule, time and location for meetings for fiscal year 2022/2023 which is attached hereto as Exhibit “A” is hereby adopted and authorized to be published.

PASSED, ADOPTED and EFFECTIVE this 18th day of August, 2022.

ATTEST:	VERONA WALK
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT
FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE

NOTICE IS HEREBY GIVEN that the Board of Supervisors of the Verona Walk Community Development District will hold Regular Meetings at 10:00 a.m. in the Town Center at Verona Walk located at 8090 Sorrento Lane, Naples, Florida 34114, on the following dates:

October 21, 2022
November 17, 2022
December 15, 2022
January 19, 2023
February 16, 2023
March 16, 2023
April 20, 2023
May 18, 2023
June 15, 2023
July 20, 2023
August 17, 2023
September 21, 2023

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 informed of the discussions taking place either in person or by telephone communication. Said meetings may be continued as found necessary to a date and time certain as stated on the record.

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 Disabilities Act, any person requiring special accommodations or an interpreter 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 particular meeting.

Meetings may be cancelled from time to time without advertised notice.

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT

www.veronawalkcdd.org PUBLISH: NAPLES DAILY NEWS

RESOLUTION 2022-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF VERONA WALK COMMUNITY DEVELOPMENT DISTRICT DECLARING A VACANCY IN SEAT 3 ON THE BOARD OF SUPERVISORS PURSUANT TO SECTION 190.006(3)(b), FLORIDA STATUTES; PROVIDING FOR SEVERABILITY, CONFLICTS AND AN EFFECTIVE DATE.

RECITALS

WHEREAS, Verona Walk Community Development District (the “District”) is a local unit of special purpose government created and existing pursuant to Chapter 190, Florida Statutes; and

WHEREAS, on November 8, 2022 three (3) members of the Board of Supervisors (the “Board”) of the District were to be elected by the Qualified Electors of the District, as that term is defined in Section 190.003, Florida Statutes; and

WHEREAS, pursuant to Florida law, there was a qualifying period for candidates intending to run for the seats on the Board up for election; and

WHEREAS, the seats up for election were Seats 1, 3 and 5; and

WHEREAS, at the close of the qualifying period no Qualified Elector qualified to run for Seat 3, which seat was available for election by the Qualified Electors of the District; and

WHEREAS, pursuant to Section 190.006(3)(b), Florida Statutes, the Board shall declare such unfilled seat as vacant, effective the second Tuesday following the general election; and

WHEREAS, a Qualified Elector is to be appointed to the vacant seat within ninety (90) days thereafter; and

WHEREAS, the Board finds that it is in the best interests of the District to adopt this Resolution declaring Seat 3, which seat was available for election, as vacant as of November 22, 2022.

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

SECTION 1. DECLARATION OF VACANCY. The following seat is hereby declared vacant effective as of November 22, 2022:

Seat 3 (currently vacant)

SECTION 2.	APPOINTMENT/INCUMBENT.	Pursuant to Section 190.006(3)(b),
Florida Statutes the Board shall appoint a Qualified Elector to fill each vacancy stated in Section 1 on or before February 20, 2023. Until such time as the Board nominates a Qualified Elector to fill each vacancy declared in Section 1 above, the incumbent Board member, if any, in such seat shall remain in office.

SECTION 3. SEVERABILITY. If any section or part of a section of this Resolution be declared invalid or unconstitutional, the validity, force and effect of any other section or part of a section of this Resolution shall not thereby be affected or impaired unless it clearly appears that such other section or part of a section of this Resolution is wholly or necessarily dependent upon the section or part of a section so held to be invalid or unconstitutional.

SECTION 4. CONFLICTS. All resolutions or parts thereof in conflict herewith are, to the extent of such conflict, superseded and repealed.

SECTION 5. EFFECTIVE DATE. This Resolution shall become effective upon its adoption.

PASSED AND ADOPTED this 18th day of  August, 2022.

ATTEST:

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT

 	
Kathleen Dailey, Secretary	Marilyn Czubkowski, Chair

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT REQUEST FOR PROPOSALS

District Auditing Services for Fiscal Years 2021/2022, 2022/2023 and 2023/2024 With Two Year Option (2024/2025 and 2025/2026)
Collier County, Florida

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT AUDITOR SELECTION INSTRUCTIONS TO PROPOSERS

SECTION 1. DUE DATE. Sealed proposals must be received no later than September 28, 2022 at 4:00 p.m., at the offices of District Manager, located at 2501A Burns Road, Palm Beach Gardens, Florida 33410.

SECTION 2. FAMILIARITY WITH THE LAW. By submitting a proposal, the Proposer is affirming its familiarity and understanding with all federal, state, and local laws, ordinances, rules and regulations that in any manner affect the work. Ignorance on the part of the Proposer will in no way relieve it from responsibility to perform the work covered by the proposal in compliance with all such laws, ordinances and regulations.

SECTION 3. QUALIFICATIONS OF PROPOSER. The contract, if awarded, will only be awarded to a responsible Proposer who is qualified by experience and licensing to do the work specified herein. The Proposer shall submit with its proposal satisfactory evidence of experience in similar work and show that it is fully prepared to complete the work to the satisfaction of the District.

SECTION 4. REJECTION OF PROPOSAL. Proposers shall be disqualified and their proposals rejected if the District has reason to believe that collusion may exist among the Proposers, the Proposer has defaulted on any previous contract or is in arrears on any previous or existing contract, or for failure to demonstrate proper licensure and business organization.

SECTION 5. SUBMISSION OF PROPOSAL. Submit three (3) copies of the Proposal Documents and one digital copy, and other requested attachments at the time and place indicated herein, which shall be enclosed in an opaque sealed envelope, marked with the title "Auditing Services - Verona Walk Community Development District" on the face of it.

SECTION 6.  MODIFICATION AND WITHDRAWAL.  Proposals may be
modified or withdrawn by an appropriate document duly executed and delivered to the place where proposals are to be submitted at any time prior to the time and date the proposals are due. After proposals are opened by the District, no proposal may be withdrawn for a period of ninety (90) days.

SECTION 7. PROPOSAL DOCUMENTS. The proposal documents shall consist of the notice announcing the request for proposals, these instructions, the Evaluation Criteria Sheet and a proposal with all required documentation pursuant to Section 12 of these instructions (the "Proposal Documents").

SECTION 8. PROPOSAL. In making its proposal, each Proposer represents that it has read and understands the Proposal Documents and that the proposal is made in accordance therewith.

SECTION 9. BASIS OF AWARD/RIGHT TO REJECT. The District reserves the right to reject any and all proposals, make modifications to the work, and waive any informalities or irregularities in proposals as it is deemed in the best interests of the District.

SECTION 10. CONTRACT AWARD. Within fourteen (14) days of receipt of the Notice of Award from the District, the Proposer shall enter into and execute a Contract (engagement letter) with the District.

SECTION 11. LIMITATION OF LIABILITY. Nothing herein shall be construed as or constitute a waiver of District's limited waiver of liability contained in section 768.28, Florida Statutes, or any other statute or law.

SECTION 12. MISCELLANEOUS. All proposals shall include the following information in addition to any other requirements of the proposal documents.

List position or title of all personnel to perform work on the District audit. Include resumes or each person listed; list years of experience in present position for each party listed and years of related experience.

Describe proposed staffing levels, including resumes with applicable certifications.

Three references from projects of similar size and scope. The Proposer should include information relating to the work it conducted for each reference as well as a name, address and phone number of a contact person.

SECTION 13. PROTESTS. Any protest regarding the Proposal Documents, must be filed in writing, at the offices of the District Manager, within seventy-two (72) hours after receipt of the Request for Proposals and Evaluation Criteria or other contract documents. The formal protest setting forth with particularity the facts and law upon which the protest is based shall be filed within seven (7) calendar days after the initial notice of protest was filed. Failure to timely file a notice of protest or failure to timely file a formal written protest shall constitute a waiver of any right to object or protest with respect to the aforesaid Request for Proposals, Evaluation Criteria, or other contract documents.

SECTION 14. EVALUATION OF PROPOSALS. The criteria to be used in the evaluation are presented in the Evaluation Criteria Sheet, contained within the Proposal Documents.

SECTION 15. REJECTION OF ALL PROPOSALS. The District reserves the right to reject any and all bids, with or without cause, and to waive technical errors and informalities, as determined to be in the best interests of the District.

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT AUDITOR SELECTION
EVALUATION CRITERIA

Ability of Personnel (10 Points).

(E.g., geographic locations of the firm's headquarters or permanent office in relation to the project; capabilities and experience of key personnel; evaluation of existing work load; proposed staffing levels, etc.)

Proposer’s Experience (10 Points).

(E.g. past record and experience of the Proposer in similar projects; volume of work previously performed by the firm; past performance for other Community Development Districts in other contracts; character, integrity, reputation of Proposer, etc.)

Understanding of Scope of Work (10 Points).

Extent to which the proposal demonstrates an understanding of the District's needs for the services requested.

Ability to Furnish the Required Services (10 Points).

Present ability to manage this project and the extent to which the proposal demonstrates the adequacy of Proposer's financial resources and stability as a business entity necessary to complete the services required (E.g. the existence of any natural disaster plan for business operations).

Price (10 Points).

Points will be awarded based upon the price bid for the rendering of the services and reasonableness of the price to the services.

Verona Walk Community Development District

Financial Report For July 2022

VERONA WALK COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
JULY 2022

REVENUES	Annual Budget
10/1/21 9/30/22	
Actual Jul 22	Year To Date Actual
10/1/21 7/31/22	
O & M ASSESSMENTS	311,297	3	311,423	
'EBT ASSESSMENTS - SERIES 2013	516,740	0	515,777	
'EBT ASSESSMENTS - SERIES 2018	582,655	0	582,893	
OTHER REVENUES	0	0	0	
INTEREST INCOME	480	0	662	
				
TOTAL REVENUES	$	1,411,172	$	3	$	1,410,755	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
FIEL' INSPECTOR	40,500	3,627	36,275	
VEHICLE - CART	0	0	0	
VEHICLE - INSURANCE	1,000	0	0	
VEHICLE - EQUIPMENT (SMALL TOOLS)	1,545	0	0	
VEHICLE - GAS & MAINTENANCE	2,750	28	200	
LA.E SPRAYING (CLAR.)	72,500	5,650	56,500	
LA.E :ATER QUALITY TESTING (BENCHMAR.)	6,000	0	3,168	
LA.E LITTORAL & LA.E BAN. PLANTINGS	17,000	0	0	
LA.E BAN. MO:ING	10,000	0	0	
OUTFALL PIPE & STRUCTURE INSPECTION & CLEANING	5,000	0	0	
STORM PIPE & EROSION REPAIRS	50,000	0	23,959	
'RE'GING	1,000	0	0	
MISCELLANEOUS MAINTENANCE	1,250	0	10,851	
GOLF CART STORAGE	1,200	0	0	
TOTAL MAINTENANCE EXPENDITURES	$	209,745	$	9,305	$	130,953	
				
ADMINISTRATIVE EXPENDITURES				
ENGINEERING	14,500	0	7,543	
MANAGEMENT	46,944	3,912	39,120	
SECRETARIAL	4,200	350	3,500	
LEGAL	16,500	0	6,335	
ASSESSMENT ROLL	10,000	0	0	
AU'IT FEES	3,800	0	3,800	
ARBITRAGE REBATE FEE - SERIES 2013	650	0	650	
ARBITRAGE REBATE FEE - SERIES 2018	650	0	0	
INSURANCE	6,500	0	6,022	
LEGAL A'VERTISING	2,100	0	679	
MISCELLANEOUS CONTINGENCY	2,400	103	932	
POSTAGE	700	26	456	
OFFICE SUPPLIES	1,125	101	787	
'UES & SUBSCRIPTIONS	175	0	175	
:EBSITE MANAGEMENT	2,000	167	1,667	
TRUSTEE FEES - SERIES 2013	4,730	0	4,730	
TRUSTEE FEES - SERIES 2018	4,100	0	3,709	
CONTINUING 'ISCLOSURE FEE	1,000	0	1,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	122,074	$	4,659	$	81,105	
				
TOTAL EXPENDITURES	$	331,819	$	13,964	$	212,058	
				
REVENUES LESS EXPENDITURES	$	1,079,353	$	 13,961 	$	1,198,697	
				
BON' PAYMENTS (SERIES 2013)	(477,985)	0	(486,494)	
BON' PAYMENTS (SERIES 2018)	(538,956)	0	(549,800)	
				
BALANCE	$	62,412	$	 13,961 	$	162,403	
				
A'MINISTRATIVE COSTS	(48,668)	0	(27,142)	
'ISCOUNTS FOR EARLY PAYMENTS	(57,133)	0	(52,909)	
				
EXCESS/ SHORTFALL 	$	 43,389 	$	 13,961 	$	82,352	
				
CARRYOVER FROM PRIOR YEAR	43,389	0	0	
				
NET EXCESS/ SHORTFALL 	$	 	$	 13,961 	$	82,352	

Bank Balance As Of 7/31/22	$	708,654.71	
Accounts Payable As Of 7/31/22	$	13,971.19	
Accounts Receivable As Of 7/31/22	$	 	
Available Funds As Of 7/31/22	$	694,683.52	

Verona Walk Community Development District
Budget vs. Actual
October 2021 through July 2022

Oct 21 July 22	21/22 Budget	$ Over Budget	% of Budget
 			
Income

363.100 · O M Assessment Income	311,423 22		311,297 00		126 22		100 04%	
363.812 · Debt Assessments (Series 2013)	515,776 60		516,740 00		-963 40		99 81%	
363.813 · Debt Assessments (Series 2018)	582,892 55		582,655 00		237 55		100 04%	
363.822 · Debt Assessmnt Pd To Trustee 13	-486,494 45		-477,985 00		-8,509 45		101 78%	
363.823 · Debt Assessmnt Pd To Trustee 18	-549,800 15		-538,956 00		-10,844 15		102 01%	
363.830 · Assessment Fees	-27,141 74		-48,668 00		21,526 26		55 77%	
363.831 · Discounts For Early Payments	-52,908 89		-57,133 00		4,224 11		92 61%	
369.399 · Carryover From Prior Year	0 00		43,389 00		-43,389 00		0 0%	
369.401 · Interest Income	662 29		480 00		182 29		137 98%	
Total Income	294,409 43		331,819 00		-37,409 57		88 73%	
Expense								
511.306 · Dredging	0 00		1,000 00		-1,000 00		0 0%	
511.308 · Miscellaneous Maintenance	10,851 19		1,250 00		9,601 19		868 1%	
511.310 · Engineering	7,542 36		14,500 00		-6,957 64		52 02%	
511.311 · Management Fees	39,120 00		46,944 00		-7,824 00		83 33%	
511.312 · Secretarial Fees	3,500 00		4,200 00		-700 00		83 33%	
511.315 · Legal Fees	6,335 00		16,500 00		-10,165 00		38 39%	
511.318 · Assessment/Tax Roll	0 00		10,000 00		-10,000 00		0 0%	
511.320 · Audit Fees	3,800 00		3,800 00		0 00		100 0%	
511.330 · Arbitrage Rebate Fee	650 00		1,300 00		-650 00		50 0%	
511.450 · Insurance	6,022 00		6,500 00		-478 00		92 65%	
511.480 · Legal Advertisements	679 00		2,100 00		-1,421 00		32 33%	
511.512 · Miscellaneous	932 11		2,400 00		-1,467 89		38 84%	
511.513 · Postage and Delivery	455 99		700 00		-244 01		65 14%	
511.514 · Office Supplies	787 15		1,125 00		-337 85		69 97%	
511.540 · Dues, License Subscriptions	175 00		175 00		0 00		100 0%	
511.750 · Website Management	1,666 60		2,000 00		-333 40		83 33%	
512.736 · Continuing Disclosure Fee	1,000 00		1,000 00		0 00		100 0%	
513.733 · Trustee Fees Series 2013	4,730 00		4,730 00		0 00		100 0%	
514.100 · *olf Cart Storage	0 00		1,200 00		-1,200 00		0 0%	
514.101 · Field Inspector	36,274 50		40,500 00		-4,225 50		89 57%	
514.103 · Vehicle Insurance	0 00		1,000 00		-1,000 00		0 0%	
514.104 · Vehicle ETuipment (small tools)	0 00		1,545 00		-1,545 00		0 0%	
514.105 · Vehicle *as and Maintenance	200 20		2,750 00		-2,549 80		7 28%	
514.106 · Lake Spraying (Clark)	56,500 00		72,500 00		-16,000 00		77 93%	
514.107 · Lake H2O 4uality Tests Benchmrk	3,168 00		6,000 00		-2,832 00		52 8%	
514.108 · Lake Littoral Lake Bank Plant	0 00		17,000 00		-17,000 00		0 0%	
514.109 · Outfall Pipe Structure Insp 	0 00		5,000 00		-5,000 00		0 0%	
514.110 · Storm Pipe Erosion Repairs	23,959 22		50,000 00		-26,040 78		47 92%	
514.111 · Lake Bank MoZing	0 00		10,000 00		-10,000 00		0 0%	
514.733 · Trustee Fees (2018)	3,708 75		4,100 00		-391 25		90 46%	
Total Expense	212,057 07		331,819 00		-119,761 93		63 91%	

Net Income	
	82,352.36		
	0.00		
	82,352.36		
	100.0%	

Verona Walk Community Development District
Balance Sheet
As of July 31, 2022

Operating Fund	Debt Service (13) Fund	Debt Service (18) Fund	General Fixed Assets Fund	Long Term Debt Fund	TOTAL
ASSETS
Current Assets
Operating Bank Account	
708,654 71		
0 00		
0 00		
0 00		
0 00		
708,654 71	
Total Current Assets	708,654 71		0 00		0 00		0 00		0 00		708,654 71	
Fixed Assets												
Storm Water Management	0 00		0 00		0 00		15,481,040 00		0 00		15,481,040 00	
Accumulated Depreciation Stormwater Mgt	0 00		0 00		0 00		-8,050,146 00		0 00		-8,050,146 00	
Total Fixed Assets	0 00		0 00		0 00		7,430,894 00		0 00		7,430,894 00	
Other Assets												
A/R Assessment Income	0 00		0 00		0 00		0 00		0 00		0 00	
A/R Non Ad Valorem Receipts	0 00		0 00		0 00		0 00		0 00		0 00	
Investments Sinking Acct	0 00		0 00		0 13		0 00		0 00		0 13	
Investments Interest Acct	0 00		0 00		0 04		0 00		0 00		0 04	
Investments Reserve Acct	0 00		230,881 25		50,250 17		0 00		0 00		281,131 42	
Investments Revenue Acct	0 00		130,401 90		214,273 00		0 00		0 00		344,674 90	
Investments Prepayment Acct	0 00		609 75		7,088 18		0 00		0 00		7,697 93	
Investments Excess Revenue	0 00		350 91		0 00		0 00		0 00		350 91	
Amount Available In DSF (2013)	0 00		0 00		0 00		0 00		362,243 81		362,243 81	
Amount Available In DSF (2018)	0 00		0 00		0 00		0 00		271,611 52		271,611 52	
Amount To Be Provided	0 00		0 00		0 00		0 00		10,209,144 67		10,209,144 67	
Total Other Assets	0 00		362,243 81		271,611 52		0 00		10,843,000 00		11,476,855 33	
TOTAL ASSETS	708,654.71		362,243.81		271,611.52		7,430,894.00		10,843,000.00		19,616,404.04	

LIABILITIES & EQUITY												
Liabilities
Current Liabilities												
Accrued Expenses	0 00		0 00		0 00		0 00		0 00		0 00	
Accounts Payable	13,971 19		0 00		0 00		0 00		0 00		13,971 19	
Total Current Liabilities	13,971 19		0 00		0 00		0 00		0 00		13,971 19	
Long Term Liabilities												
Special Assessment Debt (2013A 1)	0 00		0 00		0 00		0 00		4,320,000 00		4,320,000 00	
Special Assessment Debt (2013A 2)	0 00		0 00		0 00		0 00		205,000 00		205,000 00	
Special Assessment Debt (2018)	0 00		0 00		0 00		0 00		6,318,000 00		6,318,000 00	
Total Long Term Liabilities	0 00		0 00		0 00		0 00		10,843,000 00		10,843,000 00	
Total Liabilities	13,971 19		0 00		0 00		0 00		10,843,000 00		10,856,971 19	
Equity												
Retained Earnings	612,331 16		384,223 16		265,790 24		-8,050,146 00		0 00		-6,787,801 44	
Current Year Depreciation	0 00		0 00		0 00		0 00		0 00		0 00	
Net Income	82,352 36		-21,979 35		5,821 28		0 00		0 00		66,194 29	
Investment In Gen Fixed Assets	0 00		0 00		0 00		15,481,040 00		0 00		15,481,040 00	
Total Equity	694,683 52		362,243 81		271,611 52		7,430,894 00		0 00		8,759,432 85	

TOTAL LIABILITIES & EQUITY	
708,654.71		
362,243.81		
271,611.52		
7,430,894.00		
10,843,000.00		
19,616,404.04