Adopted Budget
Fiscal Year 2023

Verano Center Community Development District

July 21, 2022

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 2022	

Actual Thru
   6/30/2022 

Projected Next
    3 Months 

Total Projected
   9/30/2022 

Adopted Budget
     FY 2023	

 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

$2,500
$3,800
$1,000
$175
$750

$1,875
$3,800
$420
$175
$563

$625
$0
$580
$0
$188

$2,500
$3,800
$1,000
$175
$750

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

TOTAL ADMINISTRATIVE

 	$8,225 

 	$6,832 

 	$1,393 

 	$8,225 

 	$8,400 

TOTAL EXPENDITURES

 	$8,225 

 	$6,832 

 	$1,393 

 	$8,225 

 	$8,400 

Other Financiang Sources and (Uses)

Intergovernmental Transfer (1)

$8,225

$0

$8,225

$8,225

$8,400

Total Other Financing Sources/(Uses)

 	$8,225 

 	$0 

 	$8,225 

 	$8,225 

 	$8,400 

NET CHANGE IN FUND BALANCE

 	$0 

($6,832)

$6,832

$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. updated as required by the Statute.

This website will be maintained by GMS-SF, LLC and

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