Adopted Budget
Fiscal Year 2021

Verano #2 Community Development District

August 20, 2020

Verano #2
Community Development District

TABLE OF CONTENTS

General Fund Budget
Budget Narrative

Page 1 -2
Page 3 -4

Debt Service Fund Series 2017 Budget
Amortization Schedule Series 2020
Budget
Amortization Schedule

Page 5 - 7
Page 8 - 10

Page 11 - 12
Page 13 - 15

Verano #2
Community Development District

General Fund

Adopted Budget
     FY 2020	

Actual Thru
   7/31/2020 

Projected Next
    2 Months 

Total Projected
   9/30/2020 

Adopted Budget
     FY 2021	

 Description	

Revenues

Developer Assessment

$0

$0

$0

$0

$0

TOTAL REVENUES

 	$0 

 	$0 

 	$0 

 	$0 

 	$0 

Expenditures

Administrative Annual Audit Arbitrage Trustee Fees
Dissemination Agent Management Fees Other Current Charges
Dues, Licenses & Subscriptions Website Compliance
TOTAL ADMINISTRATIVE

$3,575
$600
$9,150
$2,500
$16,000
$550
$175
 	$750 
 	$33,300 

$3,435
$3,300
$9,105
$3,583
$13,333
$371
$175
 	$625 
 	$33,927 

$0
$0
$0
$417
$2,667
$179
$0
 	$125 
 	$3,387 

$3,435
$3,300
$9,105
$4,000
$16,000
$550
$175
 	$750 
 	$37,315 

$5,000
$6,600
$19,150
$2,500
$16,000
$550
$175
 	$750 
 	$50,725 

Pod C Specific Expenses:

Field Maintenance
Field & Amenity Management Electric
Lake Maintenance
Midge Control Insurance
Landscape Maintenance Entry & Walls Maintenance Plant Replacement Irrigation Maintenance Street Sweeping Contingency
TOTAL FIELD MAINTENANCE

$24,000
$24,000
$24,000
$8,000
$8,885
$132,000
$4,000
$12,000
$12,000
$2,370
 	$6,857 
 	$258,112 

$0
$4,146
$0
$0
$0
$16,340
$0
$0
$0
$4,950
 	$0 
 	$25,436 

$24,000
$1,000
$24,000
$8,000
$8,885
$112,576
$4,000
$12,000
$12,000
$1,200
 	$6,857 
 	$214,518 

$24,000
$5,146
$24,000
$8,000
$8,885
$128,916
$4,000
$12,000
$12,000
$6,150
 	$6,857 
 	$239,954 

$24,000
$24,000
$24,000
$8,000
$8,885
$132,000
$4,000
$12,000
$12,000
$7,800
 	$1,427 
 	$258,112 

Amenity Center Maintenance Clubhouse Maintenance Insurance
Pool Maintenance Water Utility Services Electric Utility Services
Janitoral Services/Supplies Telephone/Internet
Trash Collection Contingency

$32,000
$24,000
$20,000
$6,000
$30,000
$24,000
$3,600
$5,000
 	$6,857 

$0
$0
$0
$0
$0
$0
$0
$0
 	$0 
 	$0 

$32,000
$24,000
$20,000
$6,000
$30,000
$24,000
$3,600
$5,000
 	$6,688 
 	$151,288 

$32,000
$24,000
$20,000
$6,000
$30,000
$24,000
$3,600
$5,000
 	$6,688 
 	$151,288 

$32,000
$24,000
$20,000
$6,000
$30,000
$24,000
$3,600
$5,000
 	$6,857 
 	$151,457 

TOTAL AMENITY CENTER MAINTENANCE 	$151,457 

TOTAL EXPENDITURES

 	$442,869 

 	$59,363 

 	$369,193 

 	$428,557 

 	$460,294 

Page 1

Verano #2
Community Development District

General Fund

Adopted Budget
     FY 2020	

Actual Thru
   7/31/2020 

Projected Next
    2 Months 

Total Projected
   9/30/2020 

Adopted Budget
     FY 2021	

 Description	

Other Financing Sources/(Uses)

Intergovernmental Transfer (1)

$442,869

$116,756

$311,801

$428,557

$460,294

Total Other Financing Sources/(Uses)

 	$442,869 

 	$116,756 

 	$311,801 

 	$428,557 

 	$460,294 

NET CHANGE IN FUND BALANCE

 	$0 

$57,393

($57,392)

$0

$0

(1) Transfers received from Verano #5

Page 2

Description

All Areas

Pod C Specific

Total

40' Single Family

$136.70

$1,042.58

$1,179.28

50' Single Family

$157.21

$1,042.58

$1,199.79

60' Single Family

$181.81

$1,042.58

$0.00

Manor/Duplex

$121.66

$1,042.58

$0.00

Pod C specific asessments

Net                        Discount& Collections 8% Gross Assessment
Units
Per Unit (gross)

$409,569.00
($35,614.70)

$445,183.70

427
$1,042.58

VERANO #2
Community Development District

REVENUES:

Developer Assessments/ Intergovernmental Transfer
The District will levy a non-ad valorem maintenance assessment on the developable property within the District to fund the operating budget. The District will receive fund transfers from Verano #5 CDD for General Operating Expenditures.

EXPENDITURES:

Administrative:

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm. Per Section 218.39 of the Florida Statues, each special district with total revenues or expenditures in excess of
$100,000 OR any special district with revenue or expenses between $50,000 and $100,000 that has not been subject to a financial audit in the 2 preceding fiscal years must perform an independent annual audit.

Arbitrage Rebate Calculation
The District is required to annually have an arbitrage rebate calculation on the Verano #2 District's Series 2017A and Series 2020 Special Assessment Bonds. The Verano #2 has contracted with an independent certified public accounting firm to calculate the rebate liability and submit a report to the District.

Trustee Fees
The District issued Series 2017A and Series 2020 Community Infrastructure Special Assessment Revenue Bonds which are held with a Trustee at US Bank. The amount of the trustee fees budgeted is based on the agreement between US Bank and the Verano #2 District.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services, LLC.

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Website Compliance
Per Section 189.069 F. S, all Districts must have a website by October 1, 2015 to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated as required by the Statute.

Field Maintenance

Field & Amenity Management
Cost for field and amenity management.

Electric
The District pays FPL for entry wall and irrigation pump.

Lake Maintenance
Costs to maintain the district’s lakes.

Midge Control
Costs for midge control of district’s lakes.

Page 3

VERANO #2
Community Development District

Field Maintenance (continued)

Insurance
The District will bind Property Liability Insurance with Florida Insurance Alliance, an agency that specializes in providing insurance coverage to governmental agencies.

Landscape Maintenance
The district contracted with 2 companies to service the common area of Cross Town. Impact Landscaping & Irrigation LLC and NativeGreen Pest Control.

Entry & Walls Maintenance
Costs to maintain walls of the district.

Plant Replacement
Costs to replace plants of the common area Cross Town.

Irrigation Maintenance
Costs to maintain the irrigation system.

Street Sweeping
The district contracted Facilities Pro Sweep to sweep the road in Cross Town.

Contingency
To cover any other costs not mentioned.

Amenity Center Maintenance

Clubhouse Maintenance
Cost to maintain the clubhouse.

Insurance
The District will bind Amenity Center Liability Insurance with Florida Insurance Alliance, an agency that specializes in providing insurance coverage to governmental agencies.

Pool Maintenance
Costs to maintain the community pool.

Water Utility Services
Costs for water utilities.

Electric Utility Services
Costs for electric for Amenity Center.

Janitorial Services/Supplies
Costs for cleaning the Amenity Center.

Telephone/Internet
Costs for phone and internet at the Amenity Center.

Trash Collection
Costs to collect the trash at Amenity Center.

Contingency
To cover any other costs not mentioned.

Page 4

Verano #2
Community Development District

Debt Service Fund
Series 2017 Special Assessment Bonds

Adopted Budget
     FY 2020	

Actual Thru
   7/31/2020 

Projected Next
    2 Months 

Total Projected
   9/30/2020 

Adopted Budget
     FY 2021	

 Description	

Revenues

Special Assessments-Pod A-On Roll Special Assessments-Pod B-On Roll Special Assessments-Pod C-On Roll Special Assessments-Pod A-Direct Bill Special Assessments-Pod B-Direct Bill Special Assessments-Pod C-Direct Bill Special Assessments-Pod C-Prepayments Interest Income
Carry Forward Surplus (1)

$0
$0
$98,913
$375,096
$336,561
$365,219
$0
$0
$727,301

$0
$0
$91,380
$192,600
$136,563
$107,312
$1,556,581
$9,693
$666,518

$0
$0
$0
$152,488
$173,057
$169,269
$0
$80
$0

$0
$0
$91,380
$345,088
$309,620
$276,581
$1,556,581
$9,773
$666,518

$228,902
$88,938
$211,001
$111,370
$187,357
$2,000
$0
$5,000
$1,134,168

TOTAL REVENUES

   $1,903,091 

   $2,760,648 

 	$494,894 

   $3,255,542 

   $1,968,736 

Expenditures

Series 2017 - Pod A Interest - 11/01 Principal - 11/01 Interest - 05/01

$126,172
$90,000
$124,541

$126,172
$90,000
$124,541

$0
$0
$0

$126,172
$90,000
$124,541

$124,541
$95,000
$122,819

Series 2017 - Pod B Interest - 11/01 Principal - 11/01 Interest - 05/01

$99,538
$70,000
$98,269

$99,538
$70,000
$98,269

$0
$0
$0

$99,538
$70,000
$98,269

$98,269
$75,000
$96,909

Series 2017 - Pod C Interest - 11/01 Principal - 11/01 Special Call - 02/01 Interest - 02/01 Interest - 05/01 Special Call - 05/01 Special Call - 08/01 Interest - 08/01

$155,313
$105,000
$0
$0
$153,344
$0
$0
$0

$155,313
$105,000
$350,000
$4,311
$144,722
$465,000
$0
$0

$0
$0
$0
$0
$0
$0
$285,000
$3,509

$155,313
$105,000
$350,000
$4,311
$144,722
$465,000
$285,000
$3,509

$126,259
$95,000
$0
$0
$124,478
$0
$0
$0

TOTAL EXPENDITURES

   $1,022,175 

   $1,832,864 

 	$288,509 

   $2,121,373 

 	$958,275 

EXCESS REVENUES/EXPENDITURES

 	$880,916 

 	$927,783 

 	$206,385 

   $1,134,168 

   $1,010,461 

(1) Carry forward surplus is net of the reserve requirement

Pod A Principal - 11/1/21
Interest - 11/1/21 Pod B Principal - 11/1/21
Interest - 11/1/21 Pod C Principal - 11/1/21
Interest - 11/1/21
Total

$95,000
$122,819
$75,000
$96,909
$90,000
 	$124,478
 	$604,206

Page 5

Verano #2
Community Development District

Debt Service Fund
Series 2017 Special Assessment Bonds

Verano #2 Pod B Series 2017

Verano #2 Pod B Series 2017

Page 6

Description	Direct Billed	Amount Units	per unit*

Total Direct Billed

Duplex 40's
50's
60's

40	$923.65
45	$1,037.80
30	$1,193.48
 	61		$1,380.28
176	Gross Assessm.
Less: Discount & Collections 8%
Net Assessments

$36,946.00
$46,701.00
$35,804.40
$84,197.08

Total Residential

$203,648.48 ($16,291.88)

$187,356.60

Description	On Roll		Amount		Total per unit*	On Roll

50's	 	81		 $1,193.48	
Total Residential	81		Gross Assessm. Less: Discount & Collections 8%
Net Assessments

$96,671.88

$96,671.88 ($7,733.75)

$88,938.13

Verano #2 Pod A - Series 2017

Description	Direct Billed	Amount Units	per unit*

Total Direct Billed

Duplex 40's
50's
60's
80's

2	$1,046.69
2	$1,176.09
49	$1,353.26
31	$1,564.13
 	1		 $1,811.20	
85	Gross Assessm.
Less: Discount & Collections 8%
Net Assessments

$2,093.38
$2,352.18
$66,309.74
$48,488.03
$1,811.20

Total Residential

$121,054.53 ($9,684.36)

$111,370.17

Verano #2 Pod A - Series 2017

Description	On Roll		Amount		Total per unit*	On Roll

40's
50's
60's

23	$1,176.09
61	$1,353.26
 	89		 $1,564.13	
173	Gross Assessm.
Less: Discount & Collections 8%
Net Assessments

$27,050.07
$82,548.86
$139,207.57

Total Residential

$248,806.50 ($19,904.52)

$228,901.98

AssessmentsTable

Verano #2
Community Development District

Debt Service Fund
Series 2017 Special Assessment Bonds

Verano #2 Pod C Series 2017

Verano #2 Pod C Series 2017

Page 7

Description	Direct Billed	Amount Units	per unit*

Total Direct Billed

40's	2	$1,086.96
50's	 	0		 	$0.00	
Total Residential	2		Gross Assessm. Less: Discount & Collections 8%
Net Assessments

$2,173.92
$0.00

$2,173.92 ($173.91)

$2,000.01

Description	On Roll Units		Tax Roll		Total per unit*	On Roll

40's
50's

116	$1,086.96
 	95		 $1,086.96	
211	Gross Assessm.
Less: Discount & Collections 8%
Net Assessments

$126,087.36
$103,261.20

Total Residential

$229,348.56 ($18,347.88)

$211,000.68

VERANO #2
Community Development District

AMORTIZATION SCHEDULE
Series 2017 Pod A Special Assessment Bonds

11/01/21
05/01/22
11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42
11/01/42
05/01/43
11/01/43
05/01/44
11/01/44
05/01/45
11/01/45
05/01/46
11/01/46
05/01/47
11/01/47
05/01/48
11/01/48

$5,165,000.00
$5,070,000.00
$5,070,000.00
$4,970,000.00
$4,970,000.00
$4,865,000.00
$4,865,000.00
$4,755,000.00
$4,755,000.00
$4,640,000.00
$4,640,000.00
$4,525,000.00
$4,525,000.00
$4,405,000.00
$4,405,000.00
$4,280,000.00
$4,280,000.00
$4,150,000.00
$4,150,000.00
$4,010,000.00
$4,010,000.00
$3,865,000.00
$3,865,000.00
$3,715,000.00
$3,715,000.00
$3,555,000.00
$3,555,000.00
$3,390,000.00
$3,390,000.00
$3,215,000.00
$3,215,000.00
$3,030,000.00
$3,030,000.00
$2,840,000.00
$2,840,000.00
$2,640,000.00
$2,640,000.00
$2,430,000.00
$2,430,000.00
$2,210,000.00
$2,210,000.00
$1,980,000.00
$1,980,000.00
$1,735,000.00
$1,735,000.00
$1,480,000.00
$1,480,000.00
$1,210,000.00
$1,210,000.00
$930,000.00
$930,000.00
$635,000.00
$635,000.00
$325,000.00
$325,000.00

$95,000.00
$0.00
$100,000.00
$0.00
$105,000.00
$0.00
$110,000.00
$0.00
$115,000.00
$0.00
$115,000.00
$0.00
$120,000.00
$0.00
$125,000.00
$0.00
$130,000.00
$0.00
$140,000.00
$0.00
$145,000.00
$0.00
$150,000.00
$0.00
$160,000.00
$0.00
$165,000.00
$0.00
$175,000.00
$0.00
$185,000.00
$0.00
$190,000.00
$0.00
$200,000.00
$0.00
$210,000.00
$0.00
$220,000.00
$0.00
$230,000.00
$0.00
$245,000.00
$0.00
$255,000.00
$0.00
$270,000.00
$0.00
$280,000.00
$0.00
$295,000.00
$0.00
$310,000.00
$0.00
$325,000.00

$122,818.75
$121,096.88
$121,096.88
$119,284.38
$119,284.38
$117,381.25
$117,381.25
$115,043.75
$115,043.75
$112,600.00
$112,600.00
$110,156.25
$110,156.25
$107,606.25
$107,606.25
$104,950.00
$104,950.00
$101,862.50
$101,862.50
$98,537.50
$98,537.50
$95,093.75
$95,093.75
$91,531.25
$91,531.25
$87,731.25
$87,731.25
$83,812.50
$83,812.50
$79,656.25
$79,656.25
$75,262.50
$75,262.50
$70,750.00
$70,750.00
$66,000.00
$66,000.00
$60,750.00
$60,750.00
$55,250.00
$55,250.00
$49,500.00
$49,500.00
$43,375.00
$43,375.00
$37,000.00
$37,000.00
$30,250.00
$30,250.00
$23,250.00
$23,250.00
$15,875.00
$15,875.00
$8,125.00
$8,125.00

$217,818.75
$121,096.88
$221,096.88
$119,284.38
$224,284.38
$117,381.25
$227,381.25
$115,043.75
$230,043.75
$112,600.00
$227,600.00
$110,156.25
$230,156.25
$107,606.25
$232,606.25
$104,950.00
$234,950.00
$101,862.50
$241,862.50
$98,537.50
$243,537.50
$95,093.75
$245,093.75
$91,531.25
$251,531.25
$87,731.25
$252,731.25
$83,812.50
$258,812.50
$79,656.25
$264,656.25
$75,262.50
$265,262.50
$70,750.00
$270,750.00
$66,000.00
$276,000.00
$60,750.00
$280,750.00
$55,250.00
$285,250.00
$49,500.00
$294,500.00
$43,375.00
$298,375.00
$37,000.00
$307,000.00
$30,250.00
$310,250.00
$23,250.00
$318,250.00
$15,875.00
$325,875.00
$8,125.00
$333,125.00

Page 8

TOTAL	$5,260,000.00	$4,533,640.63	$9,793,640.63

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/20	$5,260,000.00	$95,000.00	$124,540.63	$219,540.63
05/01/21	$5,165,000.00	$0.00	$122,818.75	$122,818.75

VERANO #2
Community Development District

AMORTIZATION SCHEDULE
Series 2017 Pod B Special Assessment Bonds

11/01/21
05/01/22
11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42
11/01/42
05/01/43
11/01/43
05/01/44
11/01/44
05/01/45
11/01/45
05/01/46
11/01/46
05/01/47
11/01/47
05/01/48
11/01/48

$4,075,000.00
$4,000,000.00
$4,000,000.00
$3,920,000.00
$3,920,000.00
$3,840,000.00
$3,840,000.00
$3,755,000.00
$3,755,000.00
$3,665,000.00
$3,665,000.00
$3,575,000.00
$3,575,000.00
$3,480,000.00
$3,480,000.00
$3,380,000.00
$3,380,000.00
$3,275,000.00
$3,275,000.00
$3,165,000.00
$3,165,000.00
$3,050,000.00
$3,050,000.00
$2,930,000.00
$2,930,000.00
$2,805,000.00
$2,805,000.00
$2,675,000.00
$2,675,000.00
$2,535,000.00
$2,535,000.00
$2,390,000.00
$2,390,000.00
$2,240,000.00
$2,240,000.00
$2,080,000.00
$2,080,000.00
$1,915,000.00
$1,915,000.00
$1,740,000.00
$1,740,000.00
$1,555,000.00
$1,555,000.00
$1,365,000.00
$1,365,000.00
$1,165,000.00
$1,165,000.00
$955,000.00
$955,000.00
$735,000.00
$735,000.00
$500,000.00
$500,000.00
$255,000.00
$255,000.00

$75,000.00
$0.00
$80,000.00
$0.00
$80,000.00
$0.00
$85,000.00
$0.00
$90,000.00
$0.00
$90,000.00
$0.00
$95,000.00
$0.00
$100,000.00
$0.00
$105,000.00
$0.00
$110,000.00
$0.00
$115,000.00
$0.00
$120,000.00
$0.00
$125,000.00
$0.00
$130,000.00
$0.00
$140,000.00
$0.00
$145,000.00
$0.00
$150,000.00
$0.00
$160,000.00
$0.00
$165,000.00
$0.00
$175,000.00
$0.00
$185,000.00
$0.00
$190,000.00
$0.00
$200,000.00
$0.00
$210,000.00
$0.00
$220,000.00
$0.00
$235,000.00
$0.00
$245,000.00
$0.00
$255,000.00

$96,909.38
$95,550.00
$95,550.00
$94,100.00
$94,100.00
$92,650.00
$92,650.00
$90,843.75
$90,843.75
$88,931.25
$88,931.25
$87,018.75
$87,018.75
$85,000.00
$85,000.00
$82,875.00
$82,875.00
$80,381.25
$80,381.25
$77,768.75
$77,768.75
$75,037.50
$75,037.50
$72,187.50
$72,187.50
$69,218.75
$69,218.75
$66,131.25
$66,131.25
$62,806.25
$62,806.25
$59,362.50
$59,362.50
$55,800.00
$55,800.00
$52,000.00
$52,000.00
$47,875.00
$47,875.00
$43,500.00
$43,500.00
$38,875.00
$38,875.00
$34,125.00
$34,125.00
$29,125.00
$29,125.00
$23,875.00
$23,875.00
$18,375.00
$18,375.00
$12,500.00
$12,500.00
$6,375.00
$6,375.00

$171,909.38
$95,550.00
$175,550.00
$94,100.00
$174,100.00
$92,650.00
$177,650.00
$90,843.75
$180,843.75
$88,931.25
$178,931.25
$87,018.75
$182,018.75
$85,000.00
$185,000.00
$82,875.00
$187,875.00
$80,381.25
$190,381.25
$77,768.75
$192,768.75
$75,037.50
$195,037.50
$72,187.50
$197,187.50
$69,218.75
$199,218.75
$66,131.25
$206,131.25
$62,806.25
$207,806.25
$59,362.50
$209,362.50
$55,800.00
$215,800.00
$52,000.00
$217,000.00
$47,875.00
$222,875.00
$43,500.00
$228,500.00
$38,875.00
$228,875.00
$34,125.00
$234,125.00
$29,125.00
$239,125.00
$23,875.00
$243,875.00
$18,375.00
$253,375.00
$12,500.00
$257,500.00
$6,375.00
$261,375.00

Page 9

TOTAL	$4,150,000.00	$3,576,662.50	$7,726,662.50

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/20	$4,150,000.00	$75,000.00	$98,268.75	$173,268.75
05/01/21	$4,075,000.00	$0.00	$96,909.38	$96,909.38

VERANO #2
Community Development District

AMORTIZATION SCHEDULE
Series 2017 Pod C Special Assessment Bonds

11/01/21
05/01/22
11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42
11/01/42
05/01/43
11/01/43
05/01/44
11/01/44
05/01/45
11/01/45
05/01/46
11/01/46
05/01/47
11/01/47
05/01/48
11/01/48

$5,040,000.00
$4,950,000.00
$4,950,000.00
$4,855,000.00
$4,855,000.00
$4,755,000.00
$4,755,000.00
$4,655,000.00
$4,655,000.00
$4,550,000.00
$4,550,000.00
$4,440,000.00
$4,440,000.00
$4,325,000.00
$4,325,000.00
$4,205,000.00
$4,205,000.00
$4,080,000.00
$4,080,000.00
$3,945,000.00
$3,945,000.00
$3,805,000.00
$3,805,000.00
$3,660,000.00
$3,660,000.00
$3,505,000.00
$3,505,000.00
$3,345,000.00
$3,345,000.00
$3,175,000.00
$3,175,000.00
$2,995,000.00
$2,995,000.00
$2,810,000.00
$2,810,000.00
$2,615,000.00
$2,615,000.00
$2,410,000.00
$2,410,000.00
$2,195,000.00
$2,195,000.00
$1,965,000.00
$1,965,000.00
$1,725,000.00
$1,725,000.00
$1,475,000.00
$1,475,000.00
$1,210,000.00
$1,210,000.00
$930,000.00
$930,000.00
$635,000.00
$635,000.00
$325,000.00
$325,000.00

$90,000.00
$0.00
$95,000.00
$0.00
$100,000.00
$0.00
$100,000.00
$0.00
$105,000.00
$0.00
$110,000.00
$0.00
$115,000.00
$0.00
$120,000.00
$0.00
$125,000.00
$0.00
$135,000.00
$0.00
$140,000.00
$0.00
$145,000.00
$0.00
$155,000.00
$0.00
$160,000.00
$0.00
$170,000.00
$0.00
$180,000.00
$0.00
$185,000.00
$0.00
$195,000.00
$0.00
$205,000.00
$0.00
$215,000.00
$0.00
$230,000.00
$0.00
$240,000.00
$0.00
$250,000.00
$0.00
$265,000.00
$0.00
$280,000.00
$0.00
$295,000.00
$0.00
$310,000.00
$0.00
$325,000.00

$124,478.13
$122,790.63
$122,790.63
$121,009.38
$121,009.38
$119,134.38
$119,134.38
$116,884.38
$116,884.38
$114,521.88
$114,521.88
$112,046.88
$112,046.88
$109,459.38
$109,459.38
$106,759.38
$106,759.38
$103,634.38
$103,634.38
$100,259.38
$100,259.38
$96,759.38
$96,759.38
$93,134.38
$93,134.38
$89,259.38
$89,259.38
$85,259.38
$85,259.38
$81,009.38
$81,009.38
$76,509.38
$76,509.38
$71,884.38
$71,884.38
$67,009.38
$67,009.38
$61,756.25
$61,756.25
$56,246.88
$56,246.88
$50,353.13
$50,353.13
$44,203.13
$44,203.13
$37,796.88
$37,796.88
$31,006.25
$31,006.25
$23,831.25
$23,831.25
$16,271.88
$16,271.88
$8,328.13
$8,328.13

$214,478.13
$122,790.63
$217,790.63
$121,009.38
$221,009.38
$119,134.38
$219,134.38
$116,884.38
$221,884.38
$114,521.88
$224,521.88
$112,046.88
$227,046.88
$109,459.38
$229,459.38
$106,759.38
$231,759.38
$103,634.38
$238,634.38
$100,259.38
$240,259.38
$96,759.38
$241,759.38
$93,134.38
$248,134.38
$89,259.38
$249,259.38
$85,259.38
$255,259.38
$81,009.38
$261,009.38
$76,509.38
$261,509.38
$71,884.38
$266,884.38
$67,009.38
$272,009.38
$61,756.25
$276,756.25
$56,246.88
$286,246.88
$50,353.13
$290,353.13
$44,203.13
$294,203.13
$37,796.88
$302,796.88
$31,006.25
$311,006.25
$23,831.25
$318,831.25
$16,271.88
$326,271.88
$8,328.13
$333,328.13

Page 10

TOTAL	$5,135,000.00	$4,609,453.13	$9,744,453.13

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/20	$5,135,000.00	$95,000.00	$126,259.38	$221,259.38
05/01/21	$5,040,000.00	$0.00	$124,478.13	$124,478.13

Verano #2
Community Development District

Debt Service Fund
Series 2020 Special Assessment Bonds

Adopted Budget
     FY 2020	

Actual Thru
    7/31/2020 

Projected Next
    2 Months 

Total Projected
     9/30/2020	

Adopted Budget
     FY 2021	

 Description	

Revenues

Special Assessments-Pod C-On Roll Special Assessments-Pod C-Direct Bill Special Assessments-Pod D-Direct Bill Special Assessments-Pod E-Direct Bill Interest Income
Carry Forward Surplus (1)

$0
$0
$0
$0
$0
$0

$0
$0
$0
$0
$321
$0

$0
$0
$0
$0
$60
$0

$0
$0
$0
$0
$381
$0

$8,000
$208,001
$282,907
$213,642
$500
$655,622

TOTAL REVENUES

 	$0 

 	$321 

 	$60 

 	$381 

   $1,368,671 

Expenditures

Series 2020 - Pod C Interest - 11/01 Interest - 05/01 Principal - 05/01

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$90,479
$71,119
$70,000

Series 2020 - Pod D Interest - 11/01 Interest - 05/01 Principal - 05/01

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$119,052
$93,578
$95,000

Series 2020 - Pod E Interest - 11/01 Interest - 05/01 Principal - 05/01

$0
$0
$0

$0
$0
$0

$0
$0
$0

$0
$0
$0

$89,763
$70,556
$70,000

TOTAL EXPENDITURES

 	$0 

 	$0 

 	$0 

 	$0 

 	$769,547 

EXCESS REVENUES/EXPENDITURES

 	$0 

 	$321 

 	$60 

 	$381 

 	$599,124 

Other Financing Sources/(Uses)

Interfund Transfer In/(Out) Bond Proceeds

$0
$0

($66)
$655,307

$0
$0

($66)
$655,307

$0
$0

Total Other Financing Sources/(Uses)

 	$0 

 	$655,241 

 	$0 

 	$655,241 

 	$0 

NET CHANGE IN FUND BALANCE

 	$0 

$655,562

$60

$655,622

$599,124

(1) Carry forward surplus is net of the reserve requirement

Pod C Interest - 11/1/21 Pod D Interest - 11/1/21 Pod E Interest - 11/1/21
TOTAL

$70,113
$92,213
 	$69,550
 	$231,875

Page 11

Verano #2
Community Development District

Debt Service Fund
Series 2020 Special Assessment Bonds

Verano #2 Pod C Series 2020

Verano #2 Pod C Series 2020

Verano #2 Pod D Series 2020

Verano #2 Pod E Series 2020

Page 12

Direct Billed	Amount
Description	Units	per unit*

Total
Direct Billed

40's
50's
60's
Manor/Duplex

35	$1,021.74
80	$1,175.00
58	$1,358.70
 	26		 	$909.78	
199	Gross Assessm.
Less: Discount & Collections 8%
Net Assessments

$35,760.90
$94,000.00
$78,804.60
$23,654.28

Total Residential

$232,219.78 ($18,577.58)

$213,642.20

Direct Billed	Amount
Description	Units	per unit*

Total
Direct Billed

40's
50's
60's
80's

38	$1,176.09
98	$1,352.17
15	$1,564.13
 	59		 $1,810.87	
210	Gross Assessm.
Less: Discount & Collections 8%
Net Assessments

$44,691.42
$132,512.66
$23,461.95
$106,841.33

Total Residential

$307,507.36 ($24,600.59)

$282,906.77

Direct Billed	Amount
Description	Units	per unit*

Total
Direct Billed

40's
50's

82	$1,086.96
 	126		 $1,086.96	
208	Gross Assessm.
Less: Discount & Collections 8%
Net Assessments

$89,130.72
$136,956.96

Total Residential

$226,087.68 ($18,087.01)

$208,000.67

Direct Billed	Amount	Total
Description	Units	per unit*	On Roll

40's
50's

3	$1,086.96
 	5		 $1,086.96	
8	Gross Assessm.
Less: Discount & Collections 8%
Net Assessments

$3,260.88
$5,434.80

Total Residential

$8,695.68 ($695.65)

$8,000.03

Assessments Table

VERANO #2
Community Development District

AMORTIZATION  SCHEDULE
Series 2020 Pod C Special Assessment Bonds

11/01/21
05/01/22
11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42
11/01/42
05/01/43
11/01/43
05/01/44
11/01/44
05/01/45
11/01/45
05/01/46
11/01/46
05/01/47
11/01/47
05/01/48
11/01/48
05/01/49
11/01/49
05/01/50

$3,695,000.00
$3,695,000.00
$3,620,000.00
$3,620,000.00
$3,545,000.00
$3,545,000.00
$3,465,000.00
$3,465,000.00
$3,385,000.00
$3,385,000.00
$3,300,000.00
$3,300,000.00
$3,215,000.00
$3,215,000.00
$3,125,000.00
$3,125,000.00
$3,035,000.00
$3,035,000.00
$2,940,000.00
$2,940,000.00
$2,840,000.00
$2,840,000.00
$2,740,000.00
$2,740,000.00
$2,635,000.00
$2,635,000.00
$2,525,000.00
$2,525,000.00
$2,410,000.00
$2,410,000.00
$2,290,000.00
$2,290,000.00
$2,165,000.00
$2,165,000.00
$2,035,000.00
$2,035,000.00
$1,900,000.00
$1,900,000.00
$1,760,000.00
$1,760,000.00
$1,615,000.00
$1,615,000.00
$1,465,000.00
$1,465,000.00
$1,305,000.00
$1,305,000.00
$1,140,000.00
$1,140,000.00
$970,000.00
$970,000.00
$790,000.00
$790,000.00
$605,000.00
$605,000.00
$410,000.00
$410,000.00
$210,000.00
$210,000.00

$0.00
$75,000.00
$0.00
$75,000.00
$0.00
$80,000.00
$0.00
$80,000.00
$0.00
$85,000.00
$0.00
$85,000.00
$0.00
$90,000.00
$0.00
$90,000.00
$0.00
$95,000.00
$0.00
$100,000.00
$0.00
$100,000.00
$0.00
$105,000.00
$0.00
$110,000.00
$0.00
$115,000.00
$0.00
$120,000.00
$0.00
$125,000.00
$0.00
$130,000.00
$0.00
$135,000.00
$0.00
$140,000.00
$0.00
$145,000.00
$0.00
$150,000.00
$0.00
$160,000.00
$0.00
$165,000.00
$0.00
$170,000.00
$0.00
$180,000.00
$0.00
$185,000.00
$0.00
$195,000.00
$0.00
$200,000.00
$0.00
$210,000.00

$70,112.50
$70,112.50
$69,034.38
$69,034.38
$67,956.25
$67,956.25
$66,806.25
$66,806.25
$65,656.25
$65,656.25
$64,275.00
$64,275.00
$62,893.75
$62,893.75
$61,431.25
$61,431.25
$59,968.75
$59,968.75
$58,425.00
$58,425.00
$56,800.00
$56,800.00
$54,800.00
$54,800.00
$52,700.00
$52,700.00
$50,500.00
$50,500.00
$48,200.00
$48,200.00
$45,800.00
$45,800.00
$43,300.00
$43,300.00
$40,700.00
$40,700.00
$38,000.00
$38,000.00
$35,200.00
$35,200.00
$32,300.00
$32,300.00
$29,300.00
$29,300.00
$26,100.00
$26,100.00
$22,800.00
$22,800.00
$19,400.00
$19,400.00
$15,800.00
$15,800.00
$12,100.00
$12,100.00
$8,200.00
$8,200.00
$4,200.00
$4,200.00

$70,112.50
$145,112.50
$69,034.38
$144,034.38
$67,956.25
$147,956.25
$66,806.25
$146,806.25
$65,656.25
$150,656.25
$64,275.00
$149,275.00
$62,893.75
$152,893.75
$61,431.25
$151,431.25
$59,968.75
$154,968.75
$58,425.00
$158,425.00
$56,800.00
$156,800.00
$54,800.00
$159,800.00
$52,700.00
$162,700.00
$50,500.00
$165,500.00
$48,200.00
$168,200.00
$45,800.00
$170,800.00
$43,300.00
$173,300.00
$40,700.00
$175,700.00
$38,000.00
$178,000.00
$35,200.00
$180,200.00
$32,300.00
$182,300.00
$29,300.00
$189,300.00
$26,100.00
$191,100.00
$22,800.00
$192,800.00
$19,400.00
$199,400.00
$15,800.00
$200,800.00
$12,100.00
$207,100.00
$8,200.00
$208,200.00
$4,200.00
$214,200.00

Page 13

TOTAL	$3,765,000.00	$2,727,116.35	$6,492,116.35

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/20	$3,765,000.00	$0.00	$90,478.85	$90,478.85
05/01/21	$3,765,000.00	$70,000.00	$71,118.75	$141,118.75

VERANO #2
Community Development District

AMORTIZATION  SCHEDULE
Series 2020 Pod D Special Assessment Bonds

11/01/21
05/01/22
11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42
11/01/42
05/01/43
11/01/43
05/01/44
11/01/44
05/01/45
11/01/45
05/01/46
11/01/46
05/01/47
11/01/47
05/01/48
11/01/48
05/01/49
11/01/49
05/01/50

$4,860,000.00
$4,860,000.00
$4,760,000.00
$4,760,000.00
$4,660,000.00
$4,660,000.00
$4,555,000.00
$4,555,000.00
$4,450,000.00
$4,450,000.00
$4,340,000.00
$4,340,000.00
$4,225,000.00
$4,225,000.00
$4,110,000.00
$4,110,000.00
$3,990,000.00
$3,990,000.00
$3,865,000.00
$3,865,000.00
$3,735,000.00
$3,735,000.00
$3,600,000.00
$3,600,000.00
$3,460,000.00
$3,460,000.00
$3,315,000.00
$3,315,000.00
$3,165,000.00
$3,165,000.00
$3,010,000.00
$3,010,000.00
$2,845,000.00
$2,845,000.00
$2,675,000.00
$2,675,000.00
$2,500,000.00
$2,500,000.00
$2,315,000.00
$2,315,000.00
$2,125,000.00
$2,125,000.00
$1,925,000.00
$1,925,000.00
$1,715,000.00
$1,715,000.00
$1,500,000.00
$1,500,000.00
$1,275,000.00
$1,275,000.00
$1,040,000.00
$1,040,000.00
$795,000.00
$795,000.00
$540,000.00
$540,000.00
$275,000.00
$275,000.00

$0.00
$100,000.00
$0.00
$100,000.00
$0.00
$105,000.00
$0.00
$105,000.00
$0.00
$110,000.00
$0.00
$115,000.00
$0.00
$115,000.00
$0.00
$120,000.00
$0.00
$125,000.00
$0.00
$130,000.00
$0.00
$135,000.00
$0.00
$140,000.00
$0.00
$145,000.00
$0.00
$150,000.00
$0.00
$155,000.00
$0.00
$165,000.00
$0.00
$170,000.00
$0.00
$175,000.00
$0.00
$185,000.00
$0.00
$190,000.00
$0.00
$200,000.00
$0.00
$210,000.00
$0.00
$215,000.00
$0.00
$225,000.00
$0.00
$235,000.00
$0.00
$245,000.00
$0.00
$255,000.00
$0.00
$265,000.00
$0.00
$275,000.00

$92,212.50
$92,212.50
$90,775.00
$90,775.00
$89,337.50
$89,337.50
$87,828.13
$87,828.13
$86,318.75
$86,318.75
$84,531.25
$84,531.25
$82,662.50
$82,662.50
$80,793.75
$80,793.75
$78,843.75
$78,843.75
$76,812.50
$76,812.50
$74,700.00
$74,700.00
$72,000.00
$72,000.00
$69,200.00
$69,200.00
$66,300.00
$66,300.00
$63,300.00
$63,300.00
$60,200.00
$60,200.00
$56,900.00
$56,900.00
$53,500.00
$53,500.00
$50,000.00
$50,000.00
$46,300.00
$46,300.00
$42,500.00
$42,500.00
$38,500.00
$38,500.00
$34,300.00
$34,300.00
$30,000.00
$30,000.00
$25,500.00
$25,500.00
$20,800.00
$20,800.00
$15,900.00
$15,900.00
$10,800.00
$10,800.00
$5,500.00
$5,500.00

$92,212.50
$192,212.50
$90,775.00
$190,775.00
$89,337.50
$194,337.50
$87,828.13
$192,828.13
$86,318.75
$196,318.75
$84,531.25
$199,531.25
$82,662.50
$197,662.50
$80,793.75
$200,793.75
$78,843.75
$203,843.75
$76,812.50
$206,812.50
$74,700.00
$209,700.00
$72,000.00
$212,000.00
$69,200.00
$214,200.00
$66,300.00
$216,300.00
$63,300.00
$218,300.00
$60,200.00
$225,200.00
$56,900.00
$226,900.00
$53,500.00
$228,500.00
$50,000.00
$235,000.00
$46,300.00
$236,300.00
$42,500.00
$242,500.00
$38,500.00
$248,500.00
$34,300.00
$249,300.00
$30,000.00
$255,000.00
$25,500.00
$260,500.00
$20,800.00
$265,800.00
$15,900.00
$270,900.00
$10,800.00
$275,800.00
$5,500.00
$280,500.00

Page 14

TOTAL	$4,955,000.00	$3,585,261.55	$8,540,261.55

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/20	$4,955,000.00	$0.00	$119,052.17	$119,052.17
05/01/21	$4,955,000.00	$95,000.00	$93,578.13	$188,578.13

VERANO #2
Community Development District

AMORTIZATION  SCHEDULE
Series 2020 Pod E Special Assessment Bonds

11/01/21
05/01/22
11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42
11/01/42
05/01/43
11/01/43
05/01/44
11/01/44
05/01/45
11/01/45
05/01/46
11/01/46
05/01/47
11/01/47
05/01/48
11/01/48
05/01/49
11/01/49
05/01/50

$3,665,000.00
$3,665,000.00
$3,590,000.00
$3,590,000.00
$3,515,000.00
$3,515,000.00
$3,435,000.00
$3,435,000.00
$3,355,000.00
$3,355,000.00
$3,275,000.00
$3,275,000.00
$3,190,000.00
$3,190,000.00
$3,100,000.00
$3,100,000.00
$3,010,000.00
$3,010,000.00
$2,915,000.00
$2,915,000.00
$2,820,000.00
$2,820,000.00
$2,720,000.00
$2,720,000.00
$2,615,000.00
$2,615,000.00
$2,505,000.00
$2,505,000.00
$2,390,000.00
$2,390,000.00
$2,270,000.00
$2,270,000.00
$2,145,000.00
$2,145,000.00
$2,015,000.00
$2,015,000.00
$1,880,000.00
$1,880,000.00
$1,740,000.00
$1,740,000.00
$1,595,000.00
$1,595,000.00
$1,445,000.00
$1,445,000.00
$1,290,000.00
$1,290,000.00
$1,125,000.00
$1,125,000.00
$955,000.00
$955,000.00
$780,000.00
$780,000.00
$595,000.00
$595,000.00
$405,000.00
$405,000.00
$205,000.00
$205,000.00

$0.00
$75,000.00
$0.00
$75,000.00
$0.00
$80,000.00
$0.00
$80,000.00
$0.00
$80,000.00
$0.00
$85,000.00
$0.00
$90,000.00
$0.00
$90,000.00
$0.00
$95,000.00
$0.00
$95,000.00
$0.00
$100,000.00
$0.00
$105,000.00
$0.00
$110,000.00
$0.00
$115,000.00
$0.00
$120,000.00
$0.00
$125,000.00
$0.00
$130,000.00
$0.00
$135,000.00
$0.00
$140,000.00
$0.00
$145,000.00
$0.00
$150,000.00
$0.00
$155,000.00
$0.00
$165,000.00
$0.00
$170,000.00
$0.00
$175,000.00
$0.00
$185,000.00
$0.00
$190,000.00
$0.00
$200,000.00
$0.00
$205,000.00

$69,550.00
$69,550.00
$68,471.88
$68,471.88
$67,393.75
$67,393.75
$66,243.75
$66,243.75
$65,093.75
$65,093.75
$63,793.75
$63,793.75
$62,412.50
$62,412.50
$60,950.00
$60,950.00
$59,487.50
$59,487.50
$57,943.75
$57,943.75
$56,400.00
$56,400.00
$54,400.00
$54,400.00
$52,300.00
$52,300.00
$50,100.00
$50,100.00
$47,800.00
$47,800.00
$45,400.00
$45,400.00
$42,900.00
$42,900.00
$40,300.00
$40,300.00
$37,600.00
$37,600.00
$34,800.00
$34,800.00
$31,900.00
$31,900.00
$28,900.00
$28,900.00
$25,800.00
$25,800.00
$22,500.00
$22,500.00
$19,100.00
$19,100.00
$15,600.00
$15,600.00
$11,900.00
$11,900.00
$8,100.00
$8,100.00
$4,100.00
$4,100.00

$69,550.00
$144,550.00
$68,471.88
$143,471.88
$67,393.75
$147,393.75
$66,243.75
$146,243.75
$65,093.75
$145,093.75
$63,793.75
$148,793.75
$62,412.50
$152,412.50
$60,950.00
$150,950.00
$59,487.50
$154,487.50
$57,943.75
$152,943.75
$56,400.00
$156,400.00
$54,400.00
$159,400.00
$52,300.00
$162,300.00
$50,100.00
$165,100.00
$47,800.00
$167,800.00
$45,400.00
$170,400.00
$42,900.00
$172,900.00
$40,300.00
$175,300.00
$37,600.00
$177,600.00
$34,800.00
$179,800.00
$31,900.00
$181,900.00
$28,900.00
$183,900.00
$25,800.00
$190,800.00
$22,500.00
$192,500.00
$19,100.00
$194,100.00
$15,600.00
$200,600.00
$11,900.00
$201,900.00
$8,100.00
$208,100.00
$4,100.00
$209,100.00

Page 15

TOTAL	$3,735,000.00	$2,702,800.73	$6,437,800.73

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

11/01/20	$3,735,000.00	$0.00	$89,763.23	$89,763.23
05/01/21	$3,735,000.00	$70,000.00	$70,556.25	$140,556.25