Verano #5	
Community Development District	

Approved Proposed Budget	
FY 2025	

Table of Contents

1-2		General Fund

3-4		Narratives

5-8		Assessment Schedules

Verano #5	
Community Development District	
Approved Proposed Budget	
General Fund	

REVENUES:

Maintenance Assessments - V#1 S2015	$62,122	$59,319	$3,254	$62,573	$62,122	
Maintenance Assessments - V#1 S2017	86,910	83,993	3,416	87,409	86,910	
Maintenance Assessments - V#2 S2017	308,523	301,819	8,090	309,909	308,523	
Maintenance Assessments - V#2 S2020	301,753	293,892	9,106	302,998	301,753	
Maintenance Assessments - V#2 S2024	-	-	-	-	72,735	
Maintenance Assessments - V#3 S2021	622,512	618,983	1,001	619,984	622,514	
Maintenance Assessments - V#3 S2022	717,671	551,265	166,406	717,671	717,672	
Maintenance Assessments - V#4 S2023	41,551	41,551	-	41,551	41,551	
Maintenance Assessments - V Center	8,400	8,400	-	8,400	9,250	
Stormwater Rebate Fees	324,645	591,728	-	591,728	653,000	
Interest Income	-	2,978	17,906	20,884	20,000	
Carry Forward Surplus	-	-	-	-	-	

TOTAL REVENUES	$2,474,087	$2,553,927	$209,179	$2,763,107	$2,896,031	

EXPENDITURES:

Administrative:						
Engineering	$5,000	$-	$5,000	$5,000	$5,000	
Attorney	20,000	9,089	10,912	20,000	20,000	
Annual Audit	4,800	4,800	-	4,800	4,800	
Assessment Administration	-	-	-	-	12,000	
Management Fees	117,425	58,713	58,712	117,425	123,296	
Website Maintenance	750	-	750	750	788	
Telephone	50	-	50	50	50	
Postage & Delivery	900	120	780	900	900	
Insurance General Liability	11,382	10,000	-	10,000	11,500	
Printing & Binding	2,000	512	1,488	2,000	2,000	
Legal Advertising	1,300	261	1,039	1,300	1,300	
Other Current Charges	650	-	650	650	650	
Office Supplies	300	-	300	300	300	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Contingency	300	-	300	300	300	

TOTAL ADMINISTRATIVE	$165,032	$83,669	$79,981	$163,650	$183,059	

Verano #5	
Community Development District	
Approved Proposed Budget	
General Fund	

Operations & Maintenance

Field Maintenance						
Field Management	$24,000	$-	$24,000	$24,000	$25,200	
Lake Maintenance						
Verano # 1	82,500		82,500	82,500	56,913	
Verano # 2	80,282	-	80,282	80,282	99,707	
Verano # 3	14,546	-	14,546	14,546	53,375	
Verano # 4	5,000	-	5,000	5,000	50,000	
Landscape / Lake Bank Mowing						
Verano # 1	140,812	-	140,812	140,812	89,000	
Verano # 2	107,052	-	107,052	107,052	98,120	
Verano # 3	38,016	-	38,016	38,016	64,516	
Verano # 4	10,000	-	10,000	10,000	80,000	
Wetland and Mitigation	25,000	-	25,000	25,000	25,000	
Water Sampling-BMAP	5,000	-	5,000	5,000	6,000	
Contingency	86,963	-	377,365	377,365	184,718	

TOTAL FIELD MAINTENANCE	$619,172	$-	$909,574	$909,574	$832,549	

Other Sources/(Uses)

Intergovernmental Transfer (1)	$(1,689,883)	$-	(1,689,883)	$(1,689,883)	($1,880,423)	

TOTAL OTHER SOURCES/(USES)	$(1,689,883)	$-	$(1,689,883)	$(1,689,883)	$(1,880,423)	

TOTAL EXPENDITURES	$2,474,087	$83,669	$2,679,438	$2,763,107	$2,896,031	

EXCESS REVENUES (EXPENDITURES)	$-	$2,470,258	$(2,470,258)	$-	$-	
(1) Transfers from Verano #5						

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Special Assessments-Direct	
The District will enter into a Funding Agreement with the Developer to Fund all General Fund expenditures for the Fiscal Year that aren’t associated with the units on the tax roll.	
Stormwater Rebate Fees	
The City of Port St. Lucie assesses the residents of the District for Repairs, Maintenance and Capital Improvements of the Drainage System. The city then remits the storm water fees less an administrative fee to the District since the District provides all these services	

Expenditures - Administrative	

Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Website Maintenance	
Per Chapter 2014-22, Laws of Florida, all Districts must have a website 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 monthly.	
Telephone	
New internet and Wi-Fi service for Office.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	

Expenditures - Administrative (Continued)	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	
Expenditures – Field	

Lake Maintenance					
Cost to mow the lake maintenance for Verano #1, Verano #2, Verano # 3 and Verano # 4 Districts..	
Verano # 1	Solitude Lake Mgmt	17 lakes	$3,909	$46,913	
		Contingency	$10,000	$10,000	
Verano #2	Solitude Lake Mgmt	CrossTown	$5,903	$70,831	
	Solitude Lake Mgmt	Common Area	$1,573	$18,876	
		Contingency	$10,000	$10,000	
Verano # 3	Solitude Lake Mgmt	Central Park	$3,615	$43,375	
		Contingency	$10,000	$10,000	
Verano # 4	TBD	Common Area	$4,167	$50,000	

Landscape / Lake Bank Maintenance	
Mowing of the common area, CrossTown and Central Park and lake banks for Verano #1, Verano #2, Verano # 3 and Verano # 4 Districts.	
Verano # 1	United Land Service	Lake Bank Mowing	$5,200	$62,400	
		Canal 24-C	$550	$6,600	
		Contingency	$20,000	$20,000	
Verano #2	Solitude	CrossTown	$1,260	$15,120	
	United Land Service	Common Area	$6,083	$73,000	
		Contingency	$10,000	$10,000	
Verano # 3	Florida Exotic Landscaping	Central Park	$4,543	$54,516	
		Contingency	$10,000	$10,000	
Verano # 4	TBD	Common Area	$6,667	$80,000	

Wetland and Mitigation	
Cost to preserve and mitigate the wetland.	
Water Sampling BMAP	
St. Lucie & Estuary Basin Management Action Plan-Per recommendation of the District’s engineer, quarterly water samples will be taken in 3 locations to monitor water quality	
Contingency	
A contingency for any unanticipated and unscheduled cost to the District.	

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 transfer fund to Verano Center and Verano# 1 - 4 CDD for General Operating Expenditures.	

Verano #1	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	O&M Units/ Acres	Bonds Units 2015	Bonds Units 2017	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit		
	FY 2025	FY 2024	Increase/ (decrease)	FY 2025	FY 2024	FY 2025	FY 2024	Increase/ (decrease)	

Residential				O&M	O&M		Series 2015	Series 2017	Series 2015	Series 2017	Series 2015	Series 2017	Series 2015	Series 2017		
Single Family - 40's	210	163	45	$ 136.70	$ 136.70	$	-	$ 1,175.00	$ 1,033.00	$ 1,175.00	$ 1,033.00	$ 1,311.70	$ 1,169.70	$ 1,311.70	$ 1,169.70	$	-	
Single Family - 50's	342	81	250	$ 157.21	$ 157.21	$	-	$ 1,355.00	$ 1,192.00	$ 1,355.00	$ 1,192.00	$ 1,512.21	$ 1,349.21	$ 1,512.21	$ 1,349.21	$	-	
Single Family - 60's	176	60	113	$ 181.81	$ 181.81	$	-	$ 1,564.00	$ 1,376.00	$ 1,564.00	$ 1,376.00	$ 1,745.81	$ 1,557.81	$ 1,745.81	$ 1,557.81	$	-	
Manor/Duplex	310	173	125	$ 121.66	$ 121.66	$	-	$ 1,053.00	$ 917.00	$ 1,053.00	$  917.00	$ 1,174.66	$ 1,038.66	$ 1,174.66	$ 1,038.66	$	-	

Non Residential																
Clubhouse	32565	0	19665	$ 0.0984	$ 0.0984	$	-	$	-	$	0.82	$	-	$	0.82	$	-	$	0.92	$	-	$	0.92	$	-	
Commercial	60000	0	35000	$	0.11	$	0.11	$	-	$	-	$	0.80	$	-	$	0.80	$	-	$	0.91	$	-	$	0.91	$	-	
Commercial (Future)	0	0	30000	$	-	$	-	$	-	$	-	$	0.87	$	-	$	0.87	$	-	$	0.87	$	-	$	0.87	$	-	
Total Units	1038	477	533													
Total Acres	92565	0	84665													

Verano #2	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2024-2025	

Neighborhood	O&M Units	O&M Units	Bonds Units 2017	Bonds Units 2017	Bonds Units 2017	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit		
	FY 2025	FY 2024	Increase/ (decrease)	FY 2025	FY 2024	FY 2025	FY 2024	Increase/ (decrease)	
	O&M Master	O&M Pod C	Pod A	Pod B	Pod C	O&M Master	O&M Pod C	O&M Master	O&M Pod C		Pod A	Pod B	Pod C	Pod A	Pod B	Pod C	Pod A	Pod B	Pod C	Pod A	Pod B	Pod C	Total	
ON ROLL																								
40's	189	118	26	45	118	$136.70	$1,028.94	$136.70	$1,028.94	$0.00	$1,176.09	$1,037.80	$1,086.96	$1,176.09	$1,037.80	$1,086.96	$1,312.79	$1,174.50	$2,252.60	$1,312.79	$1,174.50	$2,252.60	$0.00	
50's	350	95	116	138	95	$157.21	$1,028.94	$157.21	$1,028.94	$0.00	$1,353.26	$1,193.48	$1,086.96	$1,353.26	$1,193.48	$1,086.96	$1,510.47	$1,350.69	$2,273.11	$1,510.47	$1,350.69	$2,273.11	$0.00	
60's	184	0	123	61	0	$181.81	$0.00	$181.81	$0.00	$0.00	$1,564.13	$1,380.28	$0.00	$1,564.13	$1,380.28	$0.00	$1,745.94	$1,562.09	$0.00	$1,745.94	$1,562.09	$0.00	$0.00	
70's	6	0	6	0	0	$196.17	$0.00	$196.17	$0.00	$0.00	$1,688.04	$0.00	$0.00	$1,688.04	$0.00	$0.00	$1,884.21	$0.00	$0.00	$1,884.21	$0.00	$0.00	$0.00	
80's	1	0	1	0	0	$210.52	$0.00	$210.52	$0.00	$0.00	$1,811.20	$0.00	$0.00	$1,811.20	$0.00	$0.00	$2,021.72	$0.00	$0.00	$2,021.72	$0.00	$0.00	$0.00	
Manor/Duplex	4	0	4	0	0	$121.66	$0.00	$121.66	$0.00	$0.00	$1,046.69	$0.00	$0.00	$1,046.69	$0.00	$0.00	$1,168.35	$0.00	$0.00	$1,168.35	$0.00	$0.00	$0.00	
Total	734	213	276	244	213								

Neighborhood	O&M Units	O&M Units	Bonds Units 2020	Bonds Units 2020	Bonds Units 2020	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit		
	FY 2025	FY 2024	Increase/ (decrease)	FY 2025	FY 2024	FY 2025	FY 2024	Increase/ (decrease)	
	O&M Master	O&M Pod C	
Pod C	Pod D (1,2&3)	
Pod E	O&M Master	O&M Pod C	O&M Master	O&M Pod C		
Pod C	
D	(1,	
Pod E	
Pod C	
D	(1,	
Pod E	
Pod C	Pod D (1,2&3)	
Pod E	
Pod C	Pod D (1,2&3)	
Pod E	
Total	
ON ROLL																								
40's	168	87	87	41	40	$136.70	$1,028.94	$136.70	$1,028.94	$0.00	$1,086.96	$1,176.00	$1,021.74	$1,086.96	$1,176.00	$1,021.74	$2,252.60	$1,312.70	$1,158.44	$2,252.60	$1,312.70	$1,158.44	$0.00	
50's	319	129	129	93	97	$157.21	$1,028.94	$157.21	$1,028.94	$0.00	$1,086.96	$1,352.00	$1,175.00	$1,086.96	$1,352.00	$1,175.00	$2,273.11	$1,509.21	$1,332.21	$2,273.11	$1,509.21	$1,332.21	$0.00	
60's	124	0	0	52	72	$181.81	$0.00	$181.81	$0.00	$0.00	$0.00	$1,564.00	$1,358.70	$0.00	$1,564.00	$1,358.70	$0.00	$1,745.81	$1,540.51	$0.00	$1,745.81	$1,540.51	$0.00	
70's	31	0	0	25	6	$196.17	$0.00	$196.17	$0.00	$0.00	$0.00	$1,688.00	$1,471.31	$0.00	$1,688.00	$1,471.31	$0.00	$1,884.17	$1,667.48	$0.00	$1,884.17	$1,667.48	$0.00	
80's	19	0	0	19	0	$210.52	$0.00	$210.52	$0.00	$0.00	$0.00	$1,811.00	$0.00	$0.00	$1,811.00	$0.00	$0.00	$2,021.52	$0.00	$0.00	$2,021.52	$0.00	$0.00	
Total	661	216	216	230	215								

Neighborhood	O&M Units			Bonds Units 2024	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit		
	FY 2025	FY 2024	Increase/ (decrease)	FY 2025	FY 2024	FY 2025	FY 2024	Increase/ (decrease)	
	O&M Master			Pod D (4,5,6)		O&M Master	O&M Master			Pod D (4,5,6)	Pod D (4,5,6)		Pod D (4,5,6)			Pod D (4,5,6)		Total	
DIRECT BILL																							
40's	227	0	0	227	0	$136.70	$0.00		$136.70		$1,278.26			$0.00			$1,414.96			$0.00		$1,414.96	
50's	173	0	0	173	0	$157.21	$0.00		$157.21		$1,469.57			$0.00			$1,626.78			$0.00		$1,626.78	
60's	93	0	0	93	0	$181.81	$0.00		$181.81		$1,700.00			$0.00			$1,881.81			$0.00		$1,881.81	
70's	20	0	0	20	0	$196.17	$0.00		$196.17		$1,834.78			$0.00			$2,030.95			$0.00		$2,030.95	
80's	0	0	0	0	0	$0.00	$0.00		$0.00		$0.00			$0.00			$0.00			$0.00		$0.00	
Total	513	0	0	513	0								

Neighborhood	O&M Units	O&M Units	Bonds Units	Bonds Units	Annual Maintenance Assessments	Annual Debt Assessments	Total Assessed Per Unit		
	FY 2025	FY 2025	FY 2024	FY 2024	Increase/ (decrease)	FY 2025	FY 2024	FY 2025	FY 2024	Increase/ (decrease)	
	O&M
Maste r	O&M Pod G	Series 2021	Series 2022	O&M Master	O&M Pod G	O&M Master	O&M Pod G		Series 2021	Series 2022	Series 2021	Series 2022	Series 2021	Series 2022	Series 2021	Series 2022	Total	
ON ROLL																			
Apartments																			
Pod 2	318	318	0	0	$60.15	$224.50	$60.15	$224.50	$0.00	$0.00	$0.00	$0.00	$0.00	$284.65	$284.65	$284.65	$284.65	$0.00	
Casitas																			
Pod 3	158	158	0	0	$60.15	$414.57	$60.15	$414.57	$0.00	$0.00	$0.00	$0.00	$0.00	$474.72	$474.72	$474.72	$474.72	$0.00	
40' Single Family																			
Pod 4	122	122	122	0	$136.70	$942.20	$136.70	$942.20	$0.00	$1,304.18	$0.00	$1,304.18	$0.00	$2,383.08	$1,078.90	$2,383.08	$1,078.90	$0.00	
Pod 5	23	23	23	0	$136.70	$942.20	$136.70	$942.20	$0.00	$1,412.86	$0.00	$1,412.86	$0.00	$2,491.76	$1,078.90	$2,491.76	$1,078.90	$0.00	
Pod 7	102	102	0	102	$136.70	$942.20	$136.70	$942.20	$0.00	$0.00	$1,304.35	$0.00	$1,304.35	$1,078.90	$2,383.25	$1,078.90	$2,383.25	$0.00	
50' Single Family																			
Pod 1	139	139	139	0	$157.21	$1,083.53	$157.21	$1,083.53	$0.00	$1,412.86	$0.00	$1,412.86	$0.00	$2,653.60	$1,240.74	$2,653.60	$1,240.74	$0.00	
Pod 4	2	2	2	0	$157.21	$1,083.53	$157.21	$1,083.53	$0.00	$1,412.86	$0.00	$1,412.86	$0.00	$2,653.60	$1,240.74	$2,653.60	$1,240.74	$0.00	
Pod 5	63	63	63	0	$157.21	$1,083.53	$157.21	$1,083.53	$0.00	$1,412.86	$0.00	$1,412.86	$0.00	$2,653.60	$1,240.74	$2,653.60	$1,240.74	$0.00	
Pod 6	82	82	0	82	$157.21	$1,083.53	$157.21	$1,083.53	$0.00	$0.00	$1,413.04	$0.00	$1,413.04	$1,240.74	$2,653.78	$1,240.74	$2,653.78	$0.00	
Pod 7	85	85	0	85	$157.21	$1,083.53	$157.21	$1,083.53	$0.00	$0.00	$1,413.04	$0.00	$1,413.04	$1,240.74	$2,653.78	$1,240.74	$2,653.78	$0.00	
60' Single Family																			
Pod 5	40	40	40	0	$181.81	$1,253.13	$181.81	$1,253.13	$0.00	$1,630.23	$0.00	$1,630.23	$0.00	$3,065.17	$1,434.94	$3,065.17	$1,434.94	$0.00	
Villa/Townhome																			
Pod 5	46	46	46	0	$121.66	$838.56	$121.66	$838.56	$0.00	$869.46	$0.00	$869.46	$0.00	$1,829.68	$960.22	$1,829.68	$960.22	$0.00	
Pod 7	56	56	0	56	$121.66	$838.56	$121.66	$838.56	$0.00	$0.00	$1,195.65	$0.00	$1,195.65	$960.22	$2,155.87	$960.22	$2,155.87	$0.00	
Townhome	220	220	0	220	$121.66	$838.56	$121.66	$838.56	$0.00	$0.00	$434.78	$0.00	$434.78	$960.22	$1,395.00	$960.22	$1,395.00	$0.00	
Townhome 20'	206	206	0	206	$121.66	$838.56	$121.66	$838.56	$0.00	$0.00	$1,086.96	$0.00	$1,086.96	$960.22	$2,047.18	$960.22	$2,047.18	$0.00	
Total	1662	1662	435	751														

Neighborhood	O&M Units	Bonds Units 2023	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit		
	FY 2025	FY 2024	Increase/ (decrease)	FY 2025	FY 2024	FY 2025	FY 2024	Increase/ (decrease)	
Phase 1 Assessment Area										

50's	
53	
53	
$ 157.21	
$ 157.21	
$	-	
$ 1,458.00	
$ 1,458.00	
$ 1,615.21	
$ 1,615.21	
$	-	
60's	93	93	$ 181.81	$ 181.81	$	-	$ 1,674.00	$ 1,674.00	$ 1,855.81	$ 1,855.81	$	-	
70's	64	64	$ 196.17	$ 196.17	$	-	$ 1,836.00	$ 1,836.00	$ 2,032.17	$ 2,032.17	$	-	
80's	35	35	$ 210.54	$ 210.54	$	-	$ 1,944.00	$ 1,944.00	$ 2,154.54	$ 2,154.54	$	-	
Total	245	245