Proposed Budget
Fiscal Year 2022

Verano #4 Community Development District

May 27, 2021

Verano #4
Community Development District

TABLE OF CONTENTS

General Fund Budget
Budget Narrative

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Verano #4
Community Development District

General Fund

Adopted Budget
     FY 2021	

Actual Thru
   4/30/2021 

Projected Next
    5 Months 

Total Projected
   9/30/2021 

Proposed Budget
     FY 2022	

 Description	

Revenues

Developer Assessment

$0

$0

$0

$0

$0

TOTAL REVENUES

 	$0 

 	$0 

 	$0 

 	$0 

 	$0 

Expenditures

Administrative Management Fees Other Current Charges
Dues, Licenses & Subscriptions Website Compliance

$2,500
$600
$175
$750

$1,458
$218
$175
$438

$1,042
$250
$0
$313

$2,500
$468
$175
$750

$2,500
$800
$175
$750

TOTAL ADMINISTRATIVE

 	$4,025 

 	$2,289 

 	$1,604 

 	$3,893 

 	$4,225 

TOTAL EXPENDITURES

 	$4,025 

 	$2,289 

 	$1,604 

 	$3,893 

 	$4,225 

Other Financing Sources and (Uses)

Intergovernmental Transfer (1)

$4,025

$4,025

$0

$4,025

$4,225

Total Other Financing Sources/(Uses)

 	$4,025 

 	$4,025 

 	$0 

 	$4,025 

 	$4,225 

NET CHANGE IN FUND BALANCE

 	$0 

$1,736

($1,604)

$132

$0

(1) Transfers from Verano #5

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Verano #4
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:

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.

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