Title: VW Final Budget 2026-2027.xlsx
Author: JWalker

Verona Walk
Community Development District

Final Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2013)

IV

DETAILED FINAL DEBT SERVICE FUND BUDGET (SERIES 2018)

V

ASSESSMENT COMPARISON

FINAL BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Note: Projected Available Funds Balance As Of 9-30-26 is $800,000

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

O & M ASSESSMENTS

448,974

DEBT ASSESSMENTS - SERIES 2013

514,585

DEBT ASSESSMENTS - SERIES 2018

579,936

OTHER REVENUES

0

INTEREST INCOME

2,100

TOTAL REVENUES

$	1,545,595

EXPENDITURES

MAINTENANCE EXPENDITURES

FIELD INSPECTOR

46,229

VEHICLE - INSURANCE

1,000

VEHICLE - EQUIPMENT (SMALL TOOLS)

1,545

VEHICLE - GAS & MAINTENANCE

2,250

GOLF CART STORAGE

1,500

LAKE SPRAYING (PREMIER)

100,000

LAKE WATER QUALITY TESTING (BENCHMARK)

6,000

SPECIAL PROJECTS

10,000

LAKE BANK MOWING

65,650

OUTFALL PIPE & STRUCTURE INSPECTION & CLEANING

10,000

STORM PIPE, ANNUAL INSPECTIONS & EROSION REPAIRS

53,000

DREDGING

1,000

MISCELLANEOUS MAINTENANCE

10,000

TOTAL MAINTENANCE EXPENDITURES

$	308,174

ADMINISTRATIVE EXPENDITURES

ENGINEERING

14,000

MANAGEMENT

54,168

SECRETARIAL

4,200

LEGAL

15,000

ASSESSMENT ROLL

10,000

AUDIT FEES

4,400

ARBITRAGE REBATE FEE - SERIES 2013

650

ARBITRAGE REBATE FEE - SERIES 2018

650

INSURANCE

8,425

LEGAL ADVERTISING

2,000

MISCELLANEOUS/CONTINGENCY

1,800

POSTAGE

700

OFFICE SUPPLIES

1,075

DUES & SUBSCRIPTIONS

175

WEBSITE MANAGEMENT

2,000

TRUSTEE FEES - SERIES 2013

4,890

TRUSTEE FEES - SERIES 2018

4,100

CONTINUING DISCLOSURE FEE

1,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	129,233

TOTAL EXPENDITURES

$	437,407

REVENUES LESS EXPENDITURES

$	1,108,188

BOND PAYMENTS (SERIES 2013)

(475,991)

BOND PAYMENTS (SERIES 2018)

(536,441)

BALANCE

$	95,756

COUNTY APPRAISER & TAX COLLECTOR ADMINISTRATIVE COSTS

(53,250)

DISCOUNTS FOR EARLY PAYMENTS

(62,511)

EXCESS/ (SHORTFALL)

$	(20,005)

CARRYOVER FROM PRIOR YEAR

20,005

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Note: Projected Available Funds Balance As Of 9-30-26 is $800,000

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

O & M ASSESSMENTS

450,882

448,974

448,974

Expenditures Less Interest & Carryover/.925

DEBT ASSESSMENTS - SERIES 2013

515,026

515,025

514,585

Bond Payments/.925

DEBT ASSESSMENTS - SERIES 2018

580,456

580,455

579,936

Bond Payments/.925

OTHER REVENUES

0

0

0

INTEREST INCOME

37,135

1,800

2,100

Interest Projected At $175 Per Month

TOTAL REVENUES

$	1,583,499

$	1,546,254

$	1,545,595

EXPENDITURES

MAINTENANCE EXPENDITURES

FIELD INSPECTOR

46,229

46,229

46,229

$3,852.45 Per Month

VEHICLE - INSURANCE

0

1,000

1,000

No Change From 2025/2026 Budget

VEHICLE - EQUIPMENT (SMALL TOOLS)

0

1,545

1,545

No Change From 2025/2026 Budget

VEHICLE - GAS & MAINTENANCE

80

2,500

2,250

$250 Decrease From 2025/2026 Budget

GOLF CART STORAGE

3,300

1,500

1,500

No Change From 2025/2026 Budget

LAKE SPRAYING (PREMIER)

65,419

100,000

100,000

No Change From 2025/2026 Budget

LAKE WATER QUALITY TESTING (BENCHMARK)

4,743

6,000

6,000

No Change From 2025/2026 Budget

SPECIAL PROJECTS

25,620

10,000

10,000

Includes Littoral Plantings

LAKE BANK MOWING

0

65,650

65,650

Tri-Annual Lake Bank Mowing

OUTFALL PIPE & STRUCTURE INSPECTION & CLEANING

0

10,000

10,000

No Change From 2025/2026 Budget

STORM PIPE, ANNUAL INSPECTIONS & EROSION REPAIRS

0

53,000

53,000

Include Pipe TV-Ing

DREDGING

0

1,000

1,000

No Change From 2025/2026 Budget

MISCELLANEOUS MAINTENANCE

12,042

1,250

10,000

$8,750 Increase From 2025/2026 Budget

TOTAL MAINTENANCE EXPENDITURES

$	157,433

$	299,674

$	308,174

ADMINISTRATIVE EXPENDITURES

ENGINEERING

13,818

13,000

14,000

$1,000 Increase From 2025/2026 Budget

MANAGEMENT

51,276

52,752

54,168

CPI Adjustment

SECRETARIAL

4,200

4,200

4,200

No Change From 2025/2026 Budget

LEGAL

13,424

15,000

15,000

No Change From 2025/2026 Budget

ASSESSMENT ROLL

10,000

10,000

10,000

As Per Contract

AUDIT FEES

4,200

4,300

4,400

$100 Increase From 2025/2026 Budget

ARBITRAGE REBATE FEE - SERIES 2013

650

650

650

No Change From 2025/2026 Budget

ARBITRAGE REBATE FEE - SERIES 2018

650

650

650

No Change From 2025/2026 Budget

INSURANCE

7,265

7,800

8,425

FY 25/26 Expenditure Was $7,675

LEGAL ADVERTISING

1,920

2,495

2,000

$495 Decrease From 2025/2026 Budget

MISCELLANEOUS/CONTINGENCY

925

1,800

1,800

No Change From 2025/2026 Budget

POSTAGE

394

700

700

No Change From 2025/2026 Budget

OFFICE SUPPLIES

915

1,075

1,075

No Change From 2025/2026 Budget

DUES & SUBSCRIPTIONS

175

175

175

No Change From 2025/2026 Budget

WEBSITE MANAGEMENT

2,000

2,000

2,000

No Change From 2025/2026 Budget

TRUSTEE FEES - SERIES 2013

4,838

4,730

4,890

$160 Increase From 2025/2026 Budget

TRUSTEE FEES - SERIES 2018

4,031

4,100

4,100

No Change From 2025/2026 Budget

CONTINUING DISCLOSURE FEE

1,000

1,000

1,000

No Change From 2025/2026 Budget

TOTAL ADMINISTRATIVE EXPENDITURES

$	121,681

$	126,427

$	129,233

TOTAL EXPENDITURES

$	279,114

$	426,101

$	437,407

REVENUES LESS EXPENDITURES

$	1,304,385

$	1,120,153

$	1,108,188

BOND PAYMENTS (SERIES 2013)

(485,889)

(476,398)

(475,991)

2027 Principal & Interest Payments

BOND PAYMENTS (SERIES 2018)

(547,621)

(536,921)

(536,441)

2027 Principal & Interest Payments

BALANCE

$	270,875

$	106,834

$	95,756

COUNTY APPRAISER & TAX COLLECTOR ADMINISTRATIVE COSTS

(26,256)

(53,284)

(53,250)

Three And One Half Percent Of Total Assessment Roll

DISCOUNTS FOR EARLY PAYMENTS

(57,635)

(62,550)

(62,511)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	186,984

$	(9,000)

$	(20,005)

CARRYOVER FROM PRIOR YEAR

0

9,000

20,005

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	186,984

$	-

$	-

DETAILED FINAL DEBT SERVICE (SERIES 2013) FUND BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$3,800,000

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 = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$105,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

20,209

1,000

2,000

Projected Interest For 2026/2027

NAV Collection

485,899

476,898

475,991

Maximum Debt Service Collection

Prepaid Bond Collection

0

0

0

Prepaid Bond Collection

Total Revenues

$	506,108

$	477,898

$	477,991

EXPENDITURES

Principal Payments (2013A-1)

280,000

290,000

300,000

Principal Payment Due In 2027

Principal Payments (2013A-2)

5,000

10,000

10,000

Principal Payment Due In 2027

Interest Payments (2013A-1)

162,863

145,681

133,325

Interest Payments Due In 2027

Interest Payments (2013A-2)

5,250

4,750

4,250

Interest Payments Due In 2027

Bond Redemption

0

27,467

30,416

Estimated Excess Debt Collections

Total Expenditures

$	453,113

$	477,898

$	477,991

Excess/ (Shortfall)

$	52,995

$	-

$	-

DETAILED FINAL DEBT SERVICE (SERIES 2018) FUND BUDGET
VERONA WALK COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

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 = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$5,615,000

IV

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

18,921

1,000

2,000

Projected Interest For 2026/2027

NAV Collection

547,621

536,921

536,441

Maximum Debt Service Collection

Prepaid Bond Collection

0

0

0

Prepaid Bond Collection

Total Revenues

$	566,542

$	537,921

$	538,441

EXPENDITURES

Principal Payments

361,000

373,000

385,000

Principal Payment Due In 2027

Interest Payments

182,488

163,694

151,889

Interest Payments Due In 2027

Bond Redemption

0

1,227

1,552

Estimated Excess Debt Collections

Total Expenditures

$	543,488

$	537,921

$	538,441

Excess/ (Shortfall)

$	23,054

$	-

$	-

Verona Walk Community Development District Assessment Comparison

* Assessments Include the Following

4% Discount for Early Payments
2% County Property Appraiser Costs 1.5% County Tax Collector Costs

Community Information:

* For 2026/2027 there was one 2013 Bond Prepayer (Capri) & one 2018 Bond Prepayer (Duplex 36/40)

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

V

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

10

-4

58

Duplex

40'

Garden

$	577

1

4

325

SF

50'

Oakmont

$	601

8

0

161

SF

60'/65'

Carlyle

$	691

0

0

32

SF

65'

Estate

$	759

0

0

1019

19

0

Phase I
No. of Units

Type

Front Footage

Name

Maximum Annual Debt Assessment

Bond Prepayments

Lot Differential Prepayment*

246

Townhome

26'

Cayman

$	540

7

68

350

Duplex

36'

Capri/Carrington

$	540

13

0

242

Single Family

50'

Oakmont

$	635

8

-35

97

Single Family

60'

Carlyle

$	730

1

1

935

29

34

Lot Size
Phase One

Fiscal Year 2022/2023
Assessment*

Fiscal Year 2023/2024
Assessment*

Fiscal Year 2024/2025
Assessment*

Fiscal Year 2025/2026
Assessment*

Fiscal Year 2026/2027
Projected Assessment*

Townhome 26' Cayman

O & M Debt
Total

$	162.13
$	540.00
$	702.13

$	162.13
$	540.00
$	702.13

$	233.85
$	540.00
$	773.85

$	233.85
$	540.00
$	773.85

$	233.85
$	540.00
$	773.85

Duplex 36' Capri/Carrington

O & M Debt
Total

$	162.13
$	540.00
$	702.13

$	162.13
$	540.00
$	702.13

$	233.85
$	540.00
$	773.85

$	233.85
$	540.00
$	773.85

$	233.85
$	540.00
$	773.85

Single Family 50' Oakmont

O & M Debt
Total

$	162.13
$	635.00
$	797.13

$	162.13
$	635.00
$	797.13

$	233.85
$	635.00
$	868.85

$	233.85
$	635.00
$	868.85

$	233.85
$	635.00
$	868.85

Single Family 60' Carlyle

O & M Debt
Total

$	162.13
$	730.00
$	892.13

$	162.13
$	730.00
$	892.13

$	233.85
$	730.00
$	963.85

$	233.85
$	730.00
$	963.85

$	233.85
$	730.00
$	963.85

Phase Two

Duplex 36'/SF 40' Capri/Carrington

O & M Debt
Total

$	162.13
$	511.00
$	673.13

$	162.13
$	511.00
$	673.13

$	233.85
$	511.00
$	744.85

$	233.85
$	511.00
$	744.85

$	233.85
$	511.00
$	744.85

Single Family 40' Garden

O & M Debt
Total

$	162.13
$	577.00
$	739.13

$	162.13
$	577.00
$	739.13

$	233.85
$	577.00
$	810.85

$	233.85
$	577.00
$	810.85

$	233.85
$	577.00
$	810.85

Single Family 50' Oakmont

O & M Debt
Total

$	162.13
$	601.00
$	763.13

$	162.13
$	601.00
$	763.13

$	233.85
$	601.00
$	834.85

$	233.85
$	601.00
$	834.85

$	233.85
$	601.00
$	834.85

Single Family 60' Carlyle

O & M Debt
Total

$	162.13
$	691.00
$	853.13

$	162.13
$	691.00
$	853.13

$	233.85
$	691.00
$	924.85

$	233.85
$	691.00
$	924.85

$	233.85
$	691.00
$	924.85

Single Family 65' Estate

O & M Debt
Total

$	162.13
$	759.00
$	921.13

$	162.13
$	759.00
$	921.13

$	233.85
$	759.00
$	992.85

$	233.85
$	759.00
$	992.85

$	233.85
$	759.00
$	992.85