Verano Center	
Community Development District	

Approved Proposed Budget	
FY 2025	

Table of Contents

	General Fund

	Narratives

Verano Center	
Community Development District	
Approved Proposed Budget	
General Fund	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Approved Proposed
Budget	
Description	FY2024	3/31/24	6 Months	9/30/24	FY 2025	

REVENUES:

Developer Assessments/ Intergovernm. Transfer	$	8,500	$	8,500	$	-	$	8,500	$	8,766	

TOTAL REVENUES	$8,500	$8,500	$-	$8,500	$8,766	

EXPENDITURES:

Administrative:						
Annual Audit	$	4,000	$	4,000	$	-	$	4,000	$	4,100	
Management Fees	2,575	1,287	1,288	2,575	2,704	
Website Administration	750	375	375	750	788	
Other Current Charges	1,000	243	757	1,000	1,000	
Dues, Licenses & Subscriptions	175	175	-	175	175	
TOTAL ADMINISTRATIVE	$8,500	$6,081	$2,419	$8,500	$8,766	

TOTAL EXPENDITURES	$8,500	$6,081	$2,419	$8,500	$8,766	

EXCESS REVENUES (EXPENDITURES)	$-	$2,419	$(2,419)	$-	$	-	

(1) Transfers from Verano #5

Verano Center	
Community Development District	
Budget Narrative	
Fiscal Year 2025	

REVENUES

Developer Assessments/Intergovernmental Transfer	
The District will levy a non-ad valorem maintenance assessments on the developable property within the District to fund the operating budget. The assessment will be invoices and collected directly.	

Expenditures - Administrative

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.	
Information Technology	
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.	
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.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.