Adopted Budget	
Fiscal Year 2024	

Verano Center	
Community Development District	

September 14, 2023

Verano Center	
Community Development District	

TABLE OF CONTENTS

General Fund	
Budget	
Budget Narrative	

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Verano Center	
Community Development District	

General Fund

Adopted	
Budget	
FY 2023	

Actual	
Thru	
7/31/2023	

Projected	
Next	
2 Months	

Total	
Projected	
9/30/2023	

Adopted	
Budget	
FY 2024	

Description

Revenues

Developer Assessments	$0	$0	$0	$0	$0

TOTAL REVENUES	$0	$0	$0	$0	$0

Expenditures

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

$2,575	
$3,900	
$1,000	
$175	
$750	

$2,146	
$3,900	
$416	
$175	
$625	

$429	
$0	
$584	
$0	
$125	

$2,575	
$3,900	
$1,000	
$175	
$750	

$2,575	
$4,000	
$1,000	
$175	
$750	

TOTAL ADMINISTRATIVE	$8,400		$7,262		$1,138		$8,400		$8,500	

Other Financiang Sources and (Uses)

Intergovernmental Transfer (1)	

$8,400		

$8,400		

$0		

$8,400		

$8,500	
Total Other Financing Sources/(Uses)	$8,400		$8,400		$0		$8,400		$8,500	
										
EXCESS REVENUES/EXPENDITURES	$0		$1,138		($1,138)		$0		$0	

(1) Transfers from Verano #5										

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Verano Center
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 assessment will be invoiced and collected directly.

EXPENDITURES:

Administrative:

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

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.

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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