Verona Walk Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2013)

III

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2018)

AMENDED FINAL BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover From Prior Year Of $9,000 to be used to reduce Fiscal Year 2025/2026 Assessments.

I

$794,667

$103,857

$898,524

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

O & M ASSESSMENTS

448,974

450,882

450,882

DEBT ASSESSMENTS - SERIES 2013

515,565

515,026

515,026

DEBT ASSESSMENTS - SERIES 2018

580,455

580,456

580,456

OTHER REVENUES

0

0

0

INTEREST INCOME

1,200

32,100

31,956

TOTAL REVENUES

$	1,546,194

$	1,578,464

$	1,578,320

EXPENDITURES

MAINTENANCE EXPENDITURES

FIELD INSPECTOR

43,200

46,229

46,229

VEHICLE - INSURANCE

1,000

500

0

VEHICLE - EQUIPMENT

1,545

500

0

VEHICLE - GAS & MAINTENANCE

2,750

100

80

GOLF CART STORAGE

1,500

3,300

3,300

LAKE SPRAYING (PREMIER)

100,000

66,000

57,419

LAKE WATER QUALITY TESTING (BENCHMARK)

6,000

5,000

3,520

SPECIAL PROJECTS (SEDIMENT REMOVAL, ETC.)

15,000

15,000

11,860

LAKE BANK MOWING

65,650

42,000

25,620

OUTFALL PIPE & STRUCTURE INSPECTION & CLEANING

5,000

1,000

0

STORM PIPE & EROSION REPAIRS

48,000

48,000

0

DREDGING

1,000

500

0

MISCELLANEOUS MAINTENANCE

1,250

500

182

TOTAL MAINTENANCE EXPENDITURES

$	291,895

$	228,629

$	148,210

ADMINISTRATIVE EXPENDITURES

SUPERVISOR FEES

0

0

0

PAYROLL TAXES (EMPLOYER)

0

0

0

ENGINEERING

13,500

14,000

12,856

MANAGEMENT

51,276

51,276

51,276

SECRETARIAL

4,200

4,200

4,200

LEGAL

15,000

15,000

12,673

ASSESSMENT ROLL

10,000

10,000

10,000

AUDIT FEES

4,200

4,200

4,200

ARBITRAGE REBATE FEE - SERIES 2013

650

650

650

ARBITRAGE REBATE FEE - SERIES 2018

650

650

650

INSURANCE

7,500

7,265

7,265

LEGAL ADVERTISING

2,050

2,900

1,920

MISCELLANEOUS/CONTINGENCY

1,800

1,500

925

POSTAGE

700

425

394

OFFICE SUPPLIES

1,075

975

915

DUES & SUBSCRIPTIONS

175

175

175

WEBSITE MANAGEMENT

2,000

2,000

2,000

TRUSTEE FEES - SERIES 2013

4,730

4,838

4,838

TRUSTEE FEES - SERIES 2018

4,100

4,031

4,031

CONTINUING DISCLOSURE FEE

1,000

1,000

1,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	124,606

$	125,085

$	119,968

TOTAL EXPENDITURES

$	416,501

$	353,714

$	268,178

REVENUES LESS EXPENDITURES

$	1,129,693

$	1,224,750

$	1,310,142

BOND PAYMENTS (SERIES 2013)

(476,898)

(485,889)

(485,889)

BOND PAYMENTS (SERIES 2018)

(536,921)

(547,621)

(547,621)

BALANCE

$	115,874

$	191,240

$	276,632

ADMINISTRATIVE COSTS

(53,302)

(29,748)

(29,748)

DISCOUNTS FOR EARLY PAYMENTS

(62,572)

(57,635)

(57,635)

EXCESS/ (SHORTFALL)

$	-

$	103,857

$	189,249

CARRYOVER FROM PRIOR YEAR

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	103,857

$	189,249

AMENDED FINAL BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2013)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve (2013A-1) Fund Balance = $218,631*. Reserve (2013A-2) Fund Balance = $10,250*. Revenue Fund Balance = $200,440*. Excess Revenue Fund Balance = $2,333*.
Prepayment Fund Balance = $6,616*.
Revenue Fund Balances To Be Used To Make 11/1/2025 2013A-1 Interest Payment Of $75,831. And 2013A-2 Interest Payment Of $2,500.
* Approximate Amounts

Series 2013A-1 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =

$6,455,000 1.1% - 4.375%
June 2013
May 2035

Annual Principal Payments Due = May 1st
Annual Interest Payments Due = May 1st & November 1st

Par Amount As Of 9/30/25 =

$3,520,000

Series 2013A-2 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =

$650,000 4.5% - 5.0%
June 2013
May 2035

Annual Principal Payments Due = May 1st
Annual Interest Payments Due = May 1st & November 1st

Par Amount As Of 9/30/25 =

$100,000

II

$386,594

$51,676

$438,270

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

400

18,900

18,753

NAV Assessment Collection

476,898

485,889

485,889

Prepaid Bond Collection (2013)

0

0

0

Total Revenues

$	477,298

$	504,789

$	504,642

EXPENDITURES

Principal Payments (2013A-1)

280,000

280,000

280,000

Principal Payments (2013A-2)

5,000

5,000

5,000

Interest Payments (2013A-1)

157,263

162,863

162,863

Interest Payments (2013A-2)

5,125

5,250

5,250

Bond Redemption

29,910

0

0

Total Expenditures

$	477,298

$	453,113

$	453,113

Excess/ (Shortfall)

$	-

$	51,676

$	51,530

AMENDED FINAL BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2018)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $56,871*. Revenue Fund Balance = $272,122*. Prepayment Account Balance = $15,093*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $85,378.
Prepayment Account Balance To Be Used To Make 11/1/2025 Extraordinary Principal Payment Of $15,000.
* Approximate Amounts

Series 2018 Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =

$7,677,000 3.25% - 5.375%
March 2018
May 2037

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25 =

$5,254,000

III

$322,153

$21,933

$344,086

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 9/29/25

Interest Income

400

17,800

17,682

NAV Assessment Collection

536,921

547,621

547,621

Prepaid Bond Collection (2018)

0

0

0

Total Revenues

$	537,321

$	565,421

$	565,304

EXPENDITURES

Principal Payments

361,000

361,000

361,000

Interest Payments

176,121

182,488

182,488

Bond Redemption

200

0

0

Total Expenditures

$	537,321

$	543,488

$	543,488

Excess/ (Shortfall)

$	-

$	21,933

$	21,816