Verano #3	
Community Development District	

Adopted Budget	
FY 2027	

Table of Contents

1-3

4

5-10

11-12

13-14

	General Fund

	Capital Reserve Fund

	Narratives

	Debt Service Fund Series 2021

	Debt Service Fund Series 2022

15		Assessment Schedules

Verano #3	
Community Development District	
Adopted Budget	
General Fund	
	
Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2026	7/31/26	2 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - Tax Roll	$	1,226,227	$	1,234,126	$	-	$	1,234,126	$	1,445,195	
Intergovernmental Transfer from Verano # 5	34,188	34,188	-	34,188	-	
Stormwater Fees	-	-	-	-	115,239	
Interest income	20,000	37,693	7,000	44,693	5,000	
Amenity Revenue	-	4,685	-	4,685	-	
Carry Forward Surplus	70,500	818,000	-	818,000	818,000	
TOTAL REVENUES	$  1,350,915	$	2,128,691	$	7,000	$  2,135,691	$  2,383,434	

EXPENDITURES:

Administrative						
Engineering	$	-	$	-	$	-	$	-	$	5,000	
Attorney	-	-	-	-	23,000	
Annual Audit	6,700	6,800	-	6,800	6,900	
Assessment Roll Administration	-	-	-	-	3,000	
Arbitrage Rebate	1,100	1,100	-	1,100	1,100	
Dissemination Agent	5,513	4,594	918	5,513	5,789	
Management Fees	-	-	-	-	35,438	
Trustee Fees	13,200	8,889	-	8,889	9,500	
Information Technology	-	-	-	-	-	
Website Maintenance	827	689	138	827	868	
Postage	-	-	-	-	100	
Insurance General Liability	5,886	5,672	-	5,672	6,239	
Printing/Copies	-	-	-	-	50	
Legal Advertising	-	-	-	-	500	
Office Supplies	-	-	-	-	50	
Other Current Charges	787	969	240	1,209	1,655	
Dues, Licenses & Subscriptions	175	175	-	175	175	
First Quarter Operating Capital	-	-	-	-	350,000	
TOTAL ADMINISTRATIVE	$	34,188	$	28,889	$	1,297	$	30,186	$	449,364	

Operations & Maintenance

Master Right-off-Way						
Electric Streetlights	$	-	$	-	$	-	$	-	$	16,125	
Landscape Verano Parkway	-	-	-	-	48,199	
Irrigation Maintenance	-	-	-	-	1,920	
Contingency	-	-	-	-	6,088	
TOTAL MASTER RIGHT-OFF-WAY	$	-	$	-	$	-	$	-	$	72,332	

Field						
Conservation Easement Preserve	$	-	$	-	$	-	$	-	$	8,115	
TOTAL FIELD	$	-	$	-	$	-	$	-	$	8,115	
Stormwater

Lake Maintenance	$	-	$	-	$	-	$	-	$	40,620	
Lake Bank Maintenance	-	-	-	-	72,258	
Mosquito Control	-	-	-	-	-	
Water Sampling-BMAP	-	-	-	-	2,361	
TOTAL STORMWATER	$	-	$	-	$	-	$	-	$	115,239	

Verano #3	
Community Development District	
Adopted Budget	
General Fund	
	
Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2026	7/31/26	2 Months	9/30/26	FY 2027	

Common Area Maintenance						
Electric Utility Services	$	102,000	$	82,666	$	16,000	98,666	$	105,000	
Landscape Maintenance	320,928	267,438	53,491	320,928	320,928	
Plant Replacement	30,000	146,566	-	146,566	10,000	
Irrigation Repairs	15,000	12,629	2,371	15,000	15,000	
Irrigation Pump Maintenance	6,000	6,018	2,000	8,018	6,000	
Midget Control	10,200	-	-	-	-	
Mosquito Management	-	14,786	7,394	22,180	44,364	
Repairs and Maintenance	-	7,189	-	7,189	5,000	
Pest Control & Fertilization	26,000	513	-	513	3,136	
Mulch	50,000	11,530	-	11,530	30,000	
Sidewalk/Road Repairs	25,000	600	-	600	20,000	
Sign Maintenance	-	29,540	-	29,540	10,000	
Entry & Walls Maintenance	10,000	-	-	-	5,000	
Contingency	25,000	-	-	-	-	
Dog Waste Station		4,017	-	4,017	5,000	
Golf Cart Maintenance		41	-	41	1,000	
Mailbox Maintenance		79	-	79	500	
Holiday Decoration	2,200	3,200	-	3,200	3,200	
Capital Outlay	37,813	106,830	-	106,830	-	
TOTAL COMMON AREA MAINTENANCE	$	660,141	$	693,640	$	81,255	$	774,896	$	584,128	

Amenity Center/Park Maintenance						
Clubhouse/Restroom Building Maintenance	$	10,000	$	14,261	$	1,739	$	16,000	$	15,000	
Common Area Maintenance	10,000	743	1,000	1,743	10,000	
A/C Maintenance	3,000	240	1,000	1,240	3,000	
Sidewalk/Parking lot repairs	15,000	-	2,000	2,000	15,000	
Amenity Management	70,000	62,469	14,000	76,469	70,000	
Lifestyle Management	31,417	21,811	4,000	25,811	31,417	
Security Service	34,944	23,920	4,160	28,080	28,080	
Property Insurance	60,000	54,392	-	54,392	59,831	
Pool Maintenance Contracts	28,200	23,500	4,700	28,200	28,200	
Pool Repairs	10,000	2,728	1,000	3,728	10,000	
Pool Permits	525	525	-	525	525	
Landscape and Park/Irrigation Maintenance	99,800	66,500	13,300	79,800	79,800	
Mulch	20,000	-	5,000	5,000	20,000	
Plant Replacement	20,000	6,000	10,000	16,000	20,000	
Irrigation Repairs	12,500	-	6,000	6,000	12,500	
Pest Control & Fertilization	10,000	-	5,000	5,000	10,000	
Playground Maintenance (includes inspection)	5,000	-	5,000	5,000	5,000	
Water Utility Services	20,000	8,135	2,955	11,090	12,804	
Electrical Utility Services	18,000	9,986	2,000	11,986	12,000	
Janitorial Services/Supplies	99,200	88,878	18,322	107,200	107,200	
Access Control (gates)	8,000	1,814	2,000	3,814	8,000	
Security Cameras (monitoring)	15,000	12,179	1,000	13,179	10,000	
Trash Collection	5,000	2,371	474	2,845	3,000	
Special Events	6,000	7,509	-	7,509	6,000	
Contingency	25,000	-	-	-	5,800	
Capital Improvements	20,000	-	-	-	-	
TOTAL AMENITY CENTER/PARK MAINTENANCE	$	656,586	$	407,960	$	104,650	$	512,610	$	583,157	
						
TOTAL OPERATING AND MAINTENANCE	$  1,316,727	$	1,101,600	$	185,906	$  1,287,506	$  1,362,970	

TOTAL EXPENDITURES	$  1,350,915	$	1,130,489	$	187,202	$  1,317,692	$  1,812,334	

Verano #3	
Community Development District	
Adopted Budget	
General Fund	
	
Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	
Adopted Budget	
Description	FY2026	7/31/26	2 Months	9/30/26	FY 2027	

Other Sources/(Uses)

Interlocal Transfer In/(Out) Previous Year	$	-	$	-	$	-	$	-	$	(468,000)	
Interlocal Transfer In/(Out) Current Year			-	-	(103,100)	
TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	(571,100)	

EXCESS REVENUES (EXPENDITURES)	$	-	$	998,202	$  (180,202)	$	818,000	$	-	
(1) Transfers from Verano #5

Product	
Assessable Units	
Total Gross Assessments	* Combined Rate- Per Unit FY 2026	* Combined Rate- Per Unit FY 2027	
Increase / (Decrease)	
Apartments (Alton)	318	$93,232.69	$284.66	$293.18	$8.52	
Casitas	158	$81,122.77	$498.47	$513.44	$14.96	
40' Single Family	247	$288,223.88	$1,132.89	$1,166.90	$34.01	
50' Single Family	371	$497,857.17	$1,302.82	$1,341.93	$39.11	
60' Single Family	40	$62,078.99	$1,506.74	$1,551.97	$45.24	
Villa/Townhome	528	$548,348.86	$1,008.27	$1,038.54	$30.27	
Total (Gross)	1662	$ 1,570,864.35	
Total (Net)	$1,445,195.20
* These amounts are grossed up 8% to cover early payment discounts and County collection fees.

Verano #3	
Community Development District	
Proposed Budget	
Capital Reserve Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Adopted Budget	
Description	FY2026	7/31/26	2 Months	9/30/26	FY 2027	

REVENUES:

Interest Income	$	-	$	-	$	-	$	-	$	5,000	

TOTAL REVENUES	$	-	$	-	$	-	$	-	$	5,000	

EXPENDITURES:

Capital Outlay

Improvements	$	-	$	-	$	-	$	-	$	-	

TOTAL EXPENDITURES	$	-	$	-	$	-	$	-	$	-	

Other Sources/(Uses)

Interlocal Transfer In/(Out) Previous Year	$	-	$	-	$	-	$	-	$	468,000	
Interlocal Transfer In/(Out) Current Year	-	-	-	-	103,100	

TOTAL OTHER SOURCES/(USES)	$	-	$	-	$	-	$	-	$	571,100	

EXCESS REVENUES (EXPENDITURES)	$	-	$	-	$	-	$	-	$	576,100	

Verano #3	
Community Development District	
Budget Narrative	
FY 2027	

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.	
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.	
Interest	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

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.	
Assessment Roll Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
Arbitrage Rebate	
The District has contracted with its independent auditors to annually calculate the arbitrage rebate liability on its bonds.	
Dissemination Agent	
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.	
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.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
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.	
Postage	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	

Verano #3	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures - Administrative (continued)	
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.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
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.	
First Quarter Operating Capital	
To pay invoices for the 1st quarter of the Fiscal Year.	

Expenditures – Master Right-Off-Way	
Electric					
The District has utility accounts with FPL for electric.	
Vendor		Monthly fee	total units	Annual	
FPL	12275 SW Nettono Way SL	$640	1662	$2,949	
FPL	SW Verano Pkwy	$2,860	1662	$13,176	
	Total		1662	
$16,125	
Landscape Maintenance	
Mowing of the landscape between Verano # 2 and Verano # 3.	
Vendor	Description	monthly	total units	Annual	
PHL Land Care	Verano Parkway lawn mowing	$10,462	1662	$48,199	
Irrigation Repair				
Cost of routine repairs and maintenance of the District’s irrigation system.				
Vendor	Description		total units	Annual	
PHL Land Care	Veramo Parkway		1662	$1,920	
Contingency				
Cost to cover anything unexpected repairs.				

Expenditures – Field	

Conservation Easement Preserve				
The estimated cost to comply with the conservation easement preserve permit required with SFWMD. Funds will be transferred to District #5 for full payment or move to Transfer (Out) - Conservation Easement (#5)	
Vendor	Description	total units	Annual	
SFWMD	Conservation maintenance	1662	$8,115	

Verano #3	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures – Stormwater O&M				
Lake Maintenance				
Mowing of the Lake Banks G2 includes 3% increase.				
Description	Vendor	monthly	Annual	
12 lakes maintenance	Florida Exotic Landscaping	$3,385	$40,620	

Lake Bank Maintenance				
Mowing of the Lake Banks G2. Includes 3% increase.				
Description	Vendor	monthly	Annual	
Lake Bank G2 Blue	Florida Exotic Landscaping	$1,288	$15,450	
Lake Bank G2 Purple	Florida Exotic Landscaping	$1,854	$22,248	
Lake Bank	Florida Exotic Landscaping	$2,880	$34,560	
		Total	
$72,258	
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	
Vendor	Description	total units	Annual	
Pace Analytical Service	Water Testing	1662	$2,361	

Expenditures – Common Area				
Electric Utility Services				
Electric service for the common are with FPL.				
Meter	Location	monthly	Annual	
13111-49445	9706	SW	Libertas	Way	$950	$11,400	
10281-33500	12235 SW Roma Cir SL	$5,550	$66,600	
68982-83228	11451	SW	Roma	Way	$35	$420	
10935-34442	12455 SW Roma Cir-Fountain	$1,335	$16,020	
752190-8009	12171	SW	Roma	Way	$1,630	$19,560	
	Total	$9,500	$114,000	
Landscape Maintenance				
The district will contract a landscaping company to maintain the districts common area. Includes wet check.	
Description	Vendor	monthly	Annual	
Lawn maintenance (yellow)	Florida Exotic Landscape	$14,544	$174,528	
Lawn maintenance (Orange)	Florida Exotic Landscape	$12,200	$146,400	
	Total	$26,744	$320,928	

Verano #3	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures – Common Area				
Plant Replacement				
Costs to replace plants throughout the district.				
Irrigation Repair				
Cost for maintaining the irrigation system.				
Irrigation Water Manager				
Cost to monitor the common area clocks.				
Irrigation Pump System maintenance				
The district contracted Hoover Pumping Systems to maintain the pump system.	
Mosquito Control				
The district has an agreement with Clarke Environmental Mosquito Management Inc for general service and larvicide storm drain	
Vendor	Description	monthly	Annual	
Clarke Environmental Mosquito Mgmt	Mosquito management	$3,697	$44,358	
Repair and Maintenance			
Any repairs throughout the district’s common area.			
Pest Control & Fertilization			
The district will contract a company for pest control throughout the district’s common area.			
Mulch			
Cost for mulch throughout the district.			
Sidewalk/Road Repairs			
Cost to maintain and repair the common area roads.			
Signs Maintenance			
To replace and maintain the signs of the districts.			
Entry & Walls Maintenance			
Costs to maintain walls of the district.			
Dog Waste Station			
To maintain and repairs the Dog waste station.			
Golf Cart Maintenance			
To maintain and repair the golf cart			
Mail Box Maintenance			
To maintain and repair the mail box.			
Holiday Decoration			
Cost for Holiday decorations			
Capital Improvements			
Cost for capital improvements for the Common Area.			

Expenditures- Amenity Center/Park Maintenance	
Clubhouse/Restroom Building Maintenance	
Cost to maintain the clubhouse/restroom building.	
Common Area Maintenance	
Cost to maintain common area.	
A/C Maintenance	
Cost to maintain the Air conditioning unit per contract.	
Sidewalk/Parking lot repairs	
Cost to repair sidewalk and parking lot	

Verano #3	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures- Amenity Center/Park Maintenance (continued)	
Amenity Management				
District contracted Community Association CALM, LLC to oversee the amenity overall activities, oversee, interact performance, prepare scopes of work, evaluate vendors, review scope of services, review and inspect the common area, interact with residents and builders, issue amenity access cards and coordinate events reservations.	
Description	Vendor	monthly	Annual	
Amenity personal for 28 hours 3 days	CALM LLC	$5,833	$70,000	
Lifestyle Management				
District contracted FirstService Residential Florida, Inc with a Lifestyle Coordinator.	
Description	Vendor	monthly	Annual	
Lifestyle Coordinator	FirstService Residential	$2,618	$31,417	
Security Service				
The District will contract with a security company to monitor the amenity area.	
Description	Vendor	monthly	Annual	
3 Days 8 hours a week	All Florida Security	$2,340	$28,080	
Property Insurance				
Insurance for Amenity/restroom/pavilion buildings				
Pool Maintenance Contracts				
Cost to maintain the pool per contract.				
Description	Vendor	monthly	Annual	
Pool maintenance	Sandy Gordon	$2,350	$28,200	
Pool Repairs				
Cost to repairs and maintenance of amenity pool.				
Pool Permits				
Two Pool permit fees.				
Landscape/Irrigation Maintenance				
The District has a contract with Florida Exotic Landscaping to maintain the Central Park area within the district.	
Description	Vendor	monthly	Annual	
Lawn maintenance Park Pod	Florida Exotic Landscape	$6,650	$79,800	
Mulch				
Cost for mulch throughout the district.				
Plant Replacement				
Cost to replace plants/tress throughout the district.				
Irrigation Repairs				
Cost to repair irrigation throughout the district.				
Pest Control & Fertilization				
Cost for pest control and fertilization.				
Playground Maintenance				
Cost to maintain and repair the playground and annual inspection.				
Water Utility Services				
Water utility service for the clubhouse with City of Port St Lucie.				
Meter	Location	monthly	Annual	
1578619254	12552 SW Roma Cir - Fountain	$17	$204	
1577507026	12600
Amenity	SW	Roma	Circle	$350	$4,200	
1578619276	12601 SW Roma Circle Pool	$700	$8,400	
	Total	$1,067	$12,804	
Electrical Utility Service				
Electric service for the clubhouse with FPL.				
Meter	Location	monthly	Annual	
88303-66467	12600
Amenity	SW	Roma	Circle	$1,000	$12,000	

Verano #3	
Community Development District	
Budget Narrative	
FY 2027	

Expenditures- Amenity Center/Park Maintenance (continued)	
Janitorial Services/Supplies				
Maintain the general appearance of all indoor spaces at all times: Facilitate emergency maintenance, vacuum carpet, dust mop, clean window and bathrooms, bathrooms includes all necessities. Cleaning supplies and chemicals are not included.	
Description	Vendor	monthly	Annual	
Housekeeping 5 days a week	CALM II LLC	$6,333	$76,000	
2 days a week	Charles Cleaning	$2,600		$31,200 	
			$107,200	
Access Control				
Cost to have access control system service for the clubhouse.				
Description	Vendor	monthly	Total	
Access to amenity	Cell Gate	$250	$3,000	
Fobs	Ramco Protective		$5,000	
	Total		
$8,000	
Security Cameras monitoring				
Cost for monitoring the clubhouse.				
Description	Vendor	monthly	Total	
Video Monitoring voice down speaker	SafeTouch	$500	$6,000	
Additional cameras	SafeTouch		$4,000	
	Total		
$10,000	
Trash Collection				
Cost to remove trash at clubhouse and pavilion.				
Description	Vendor	monthly	Total	
Trash collection	FCC	$250	$3,000	
Special Event				
Lifestyle event costs.				

Other Sources/(Uses)	

Interlocal Transfer In/(Out) Previous Year	
Transferring the excess fund balance from previous Years.	
Interlocal Transfer In/(Out) Current Year	
Transferring the excess fund balance from current Year.	

Verano #3	
Community Development District	
Adopted Budget	
Debt Service Series 2021 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	7/31/26	2 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - Tax Roll	$	538,231	$	541,523	$	(3,292)	$	538,231	$	538,231	
Interest Income	10,000	18,684	2,000	20,684	10,000	
Carry Forward Balance (1)	214,666	216,058	-	216,058	284,281	

TOTAL REVENUES	$	762,896	$	776,265	$	(1,292)	$	774,973	$	832,512	

EXPENDITURES:

Interest - 11/01	$	160,316	$	160,316	$	-	$	160,316	$	157,703	
Interest - 05/01	160,316	160,316	-	160,316	157,703	
Principal - 05/01	220,000	220,000	-	160,316	225,000	

TOTAL EXPENDITURES	$	540,631	$	540,631	$	-	$	480,947	$	540,406	

Other Sources/(Uses)

Transfer in/(Out)	$	(8,000)	$	(8,244)	$	(1,500)	$	(9,744)	$	-	

TOTAL OTHER SOURCES/(USES)	$	(8,000)	$	(8,244)	$	(1,500)	$	(9,744)	$	-	

TOTAL EXPENDITURES	$	548,631	$	548,876	$	1,500	$	490,691	$	540,406	

EXCESS REVENUES (EXPENDITURES)	$	214,265	$	227,389	$	(2,792)	$	284,281	$	292,106	

Interest - 11/1/27	$	154,328	

(1) Carry forward surplus is net of the reserve requirement

Product	Assessable Unitss	Total Assessments	* Gross per Unit FY2026	* Gross per Unit FY2027	Increase / (Decrease)	
Phase 1						
Pod 1 - 50' Lots	139	$196,387.36	1,412.86	$1,412.86	$0.00	
Pod 4 - 40' Lots	122	$159,110.54	1,304.18	$1,304.18	$0.00	
Pod 4 - 50' Lots	2	$2,825.72	1,412.86	$1,412.86	$0.00	
Pod 5 - 40' Lots	23	$32,495.75	1,412.86	$1,412.86	$0.00	
Pod 5 - 50' Lots	63	$89,010.10	1,412.86	$1,412.86	$0.00	
Pod 5 - Park Lots 60'	40	$65,209.13	1,630.23	$1,630.23	$0.00	
Pod 5 - Villas	46	$39,995.00	869.46	$869.46	$0.00	
Total (Gross)	435	$ 585,033.60	
Total (Net)		 $ 538,230.91 				

* These amounts are grossed up 8% to cover early payment discounts and County collection fees.

Verano #3	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2021 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/24	$	9,095,000	2.375%	$	-	$	162,869	$	162,869	
05/01/25	9,095,000	2.375%	215,000	162,869		
11/01/25	8,880,000	2.375%	-	160,316	538,184	
05/01/26	8,880,000	2.375%	220,000	160,316		
11/01/26	8,660,000	2.375%	-	157,703	538,019	
05/01/27	8,660,000	3.000%	225,000	157,703		
11/01/27	8,435,000	3.000%	-	154,328	537,031	
05/01/28	8,435,000	3.000%	230,000	154,328		
11/01/28	8,205,000	3.000%	-	150,878	535,206	
05/01/29	8,205,000	3.000%	240,000	150,878		
11/01/29	7,965,000	3.000%	-	147,278	538,156	
05/01/30	7,965,000	3.000%	245,000	147,278		
11/01/30	7,720,000	3.000%	-	143,603	535,881	
05/01/31	7,720,000	3.000%	250,000	143,603		
11/01/31	7,470,000	3.000%	-	139,853	533,456	
05/01/32	7,470,000	3.375%	260,000	139,853		
11/01/32	7,210,000	3.375%	-	135,466	535,319	
05/01/33	7,210,000	3.375%	270,000	135,466		
11/01/33	6,940,000	3.375%	-	130,909	536,375	
05/01/34	6,940,000	3.375%	280,000	130,909		
11/01/34	6,660,000	3.375%	-	126,184	537,094	
05/01/35	6,660,000	3.375%	290,000	126,184		
11/01/35	6,370,000	3.375%	-	121,291	537,475	
05/01/36	6,370,000	3.375%	300,000	121,291		
11/01/36	6,070,000	3.375%	-	116,228	537,519	
05/01/37	6,070,000	3.375%	310,000	116,228		
11/01/37	5,760,000	3.375%	-	110,997	537,225	
05/01/38	5,760,000	3.375%	320,000	110,997		
11/01/38	5,440,000	3.375%	-	105,597	536,594	
05/01/39	5,440,000	3.375%	330,000	105,597		
11/01/39	5,110,000	3.375%	-	100,028	535,625	
05/01/40	5,110,000	3.375%	340,000	100,028		
11/01/40	4,770,000	3.375%	-	94,291	534,319	
05/01/41	4,770,000	3.375%	355,000	94,291		
11/01/41	4,415,000	3.375%	-	88,300	537,591	
05/01/42	4,415,000	4.000%	365,000	88,300		
11/01/42	4,050,000	4.000%	-	81,000	534,300	
05/01/43	4,050,000	4.000%	380,000	81,000		
11/01/43	3,670,000	4.000%	-	73,400	534,400	
05/01/44	3,670,000	4.000%	395,000	73,400		
11/01/44	3,275,000	4.000%	-	65,500	533,900	
05/01/45	3,275,000	4.000%	415,000	65,500		
11/01/45	2,860,000	4.000%	-	57,200	537,700	
05/01/46	2,860,000	4.000%	430,000	57,200		
11/01/46	2,430,000	4.000%	-	48,600	535,800	
05/01/47	2,430,000	4.000%	450,000	48,600		
11/01/47	1,980,000	4.000%	-	39,600	538,200	
05/01/48	1,980,000	4.000%	465,000	39,600		
11/01/48	1,515,000	4.000%	-	30,300	534,900	
05/01/49	1,515,000	4.000%	485,000	30,300		
11/01/49	1,030,000	4.000%	-	20,600	535,900	
05/01/50	1,030,000	4.000%	505,000	20,600		
11/01/50	525,000	4.000%	-	10,500	536,100	
05/01/51	525,000	4.000%	525,000	10,500	535,500	

Total	$	9,095,000	$	5,545,638	$	14,640,638	

Verano #3	
Community Development District	
Adopted Budget	
Debt Service Series 2022 Special Assessment Bonds	

Adopted Budget	
Actuals Thru	
Projected Next	
Projected Thru	Adopted Budget	
Description	FY2026	7/31/26	2 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - Tax Roll	$	695,100	$	699,769	$	(4,669)	$	695,100	$	695,100	
Interest Income	40,000	35,379	5,000	40,379	20,000	
Carry Forward Balance	459,348	461,679	-	461,679	483,903	

TOTAL REVENUES	$ 1,194,448	$ 1,196,827	$	331	$ 1,197,158	$ 1,199,003	

EXPENDITURES:

Interest - 11/01	$	285,190	$	285,190	$	-	$	285,190	$	281,665	
Principal - 11/01	120,000	120,000	-	120,000	130,000	
Interest - 05/01	281,665	281,665	-	281,665	277,846	

TOTAL EXPENDITURES	$	686,855	$	686,855	$	-	$	686,855	$	689,511	

Other Sources/(Uses)

Transfer in/(Out)	$	(26,400)	$	(20,995)	$	(5,405)	$	(26,400)	$	-	

TOTAL OTHER SOURCES/(USES)	$	(26,400)	$	(20,995)	$	(5,405)	$	(26,400)	$	-	

TOTAL EXPENDITURES	$	713,255	$	707,850	$	5,405	$	713,255	$	689,511	

EXCESS REVENUES (EXPENDITURES)	$	481,193	$	488,977	$	(5,074)	$	483,903	$	509,492	

Principal - 11/1/27	$	135,000	
Interest - 11/1/27		277,846 	
Total	 $	412,846 	

Product	Assessable Unitss	Total Assessments	* Gross per Unit FY2026	* Gross per Unit FY2027	Increase / (Decrease)	
Phase 2						
Pod 6 - 50's	82	$115,869.57	$1,413.04	$1,413.04	$0.00	
Pod 7 - Townhomes	206	$223,913.04	$1,086.96	$1,086.96	$0.00	
Pod 7 - 40's	102	$133,043.48	$1,304.35	$1,304.35	$0.00	
Pod 7 - 50's	85	$120,108.70	$1,413.04	$1,413.04	$0.00	
Pod 7 - Villas	56	$66,956.52	$1,195.65	$1,195.65	$0.00	
South Parcel - Townh	220	$95,652.17	$434.78	$434.78	$0.00	
Total (Gross)	751	$ 755,543.48	
Total (Net)		 $ 695,100.00 				

* These amounts are grossed up 8% to cover early payment discounts and County collection fees.

Verano #3	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2022 Special Assessment Bonds	

Period	Outstanding Balance	Coupons	Principal	Interest	Annual Debt Service	

11/01/25	$	8,770,000	5.875%	$	120,000	$	285,190	$	690,380	
05/01/26	8,650,000	5.875%	-	281,665		
11/01/26	8,650,000	5.875%	130,000	281,665	693,330	
05/01/27	8,520,000	5.875%	-	277,846		
11/01/27	8,520,000	5.875%	135,000	277,846	690,693	
05/01/28	8,385,000	5.875%	-	273,881		
11/01/28	8,385,000	5.875%	145,000	273,881	692,761	
05/01/29	8,240,000	5.875%	-	269,621		
11/01/29	8,240,000	5.875%	155,000	269,621	694,243	
05/01/30	8,085,000	6.450%	-	265,068		
11/01/30	8,085,000	6.450%	160,000	265,068	690,136	
05/01/31	7,925,000	6.450%	-	259,908		
11/01/31	7,925,000	6.450%	170,000	259,908	689,816	
05/01/32	7,755,000	6.450%	-	254,426		
11/01/32	7,755,000	6.450%	185,000	254,426	693,851	
05/01/33	7,570,000	6.450%	-	248,459		
11/01/33	7,570,000	6.450%	195,000	248,459	691,919	
05/01/34	7,375,000	6.450%	-	242,171		
11/01/34	7,375,000	6.450%	210,000	242,171	694,341	
05/01/35	7,165,000	6.450%	-	235,398		
11/01/35	7,165,000	6.450%	220,000	235,398	690,796	
05/01/36	6,945,000	6.450%	-	228,303		
11/01/36	6,945,000	6.450%	235,000	228,303	691,606	
05/01/37	6,710,000	6.450%	-	220,724		
11/01/37	6,710,000	6.450%	250,000	220,724	691,449	
05/01/38	6,460,000	6.450%	-	212,662		
11/01/38	6,460,000	6.450%	265,000	212,662	690,324	
05/01/39	6,195,000	6.450%	-	204,116		
11/01/39	6,195,000	6.450%	285,000	204,116	693,231	
05/01/40	5,910,000	6.450%	-	194,924		
11/01/40	5,910,000	6.450%	300,000	194,924	689,849	
05/01/41	5,610,000	6.450%	-	185,249		
11/01/41	5,610,000	6.450%	320,000	185,249	690,499	
05/01/42	5,290,000	6.450%	-	174,929		
11/01/42	5,290,000	6.450%	345,000	174,929	694,859	
05/01/43	4,945,000	6.625%	-	163,803		
11/01/43	4,945,000	6.625%	365,000	163,803	692,606	
05/01/44	4,580,000	6.625%	-	151,713		
11/01/44	4,580,000	6.625%	390,000	151,713	693,425	
05/01/45	4,190,000	6.625%	-	138,794		
11/01/45	4,190,000	6.625%	415,000	138,794	692,588	
05/01/46	3,775,000	6.625%	-	125,047		
11/01/46	3,775,000	6.625%	440,000	125,047	690,094	
05/01/47	3,335,000	6.625%	-	110,472		
11/01/47	3,335,000	6.625%	470,000	110,472	690,944	
05/01/48	2,865,000	6.625%	-	94,903		
11/01/48	2,865,000	6.625%	500,000	94,903	689,806	
05/01/49	2,365,000	6.625%	-	78,341		
11/01/49	2,365,000	6.625%	535,000	78,341	691,681	
05/01/50	1,830,000	6.625%	-	60,619		
11/01/50	1,830,000	6.625%	570,000	60,619	691,238	
05/01/51	1,260,000	6.625%	-	41,738		
11/01/51	1,260,000	6.625%	610,000	41,738	693,475	
05/01/52	650,000	6.625%	-	21,531		
11/01/52	650,000	6.625%	650,000	21,531	693,063	

Total	$	8,885,000	$	10,891,569	$	19,776,569	

Verano #3	
Community Development District	
Non-Ad Valorem Assessments Comparison	
2026-2027	

Neighborhood	O&M Units	O&M Units	Bonds Units	Bonds Units	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit		
	
FY 2027	
FY2026	Increase/ (decrease)	
FY 2027	
FY2026	
FY 2027	
FY2026	Increase/ (decrease)	
	
O&M	O&M Pod G	Series 2021	Series 2022	
O&M	O&M Master	O&M Pod G	
O&M	O&M Master	O&M Pod G	
O&M	
Series 2021	
Series 2022	
Series 2021	
Series 2022	
Series 2021	
Series 2022	
Series 2021	
Series 2022	
Total	
ON ROLL																						
Apartments						fixed	variable															
Pod 2 (Tredici)	318	318	0	0	$293.18	$60.15	$233.03	$284.66	$60.15	$224.52	$8.50	$0.00	$0.00	$0.00	$0.00	$293.18	$293.18	$284.67	$284.67	$8.50	3.0%	
Casitas																						
Pod 3 (Havens)	158	158	0	0	$513.44	$60.15	$453.29	$498.47	$60.15	$438.32	$14.96	$0.00	$0.00	$0.00	$0.00	$513.44	$513.44	$498.47	$498.47	$14.96	3.0%	
40' Single Family																						
Pod 4	122	122	122	0	$1,166.90	$136.70	$1,030.20	$1,132.89	$136.70	$996.18	$34.01	$1,304.18	$0.00	$1,304.18	$0.00	$2,471.08	$1,166.90	$2,437.06	$1,132.88	$34.01	3.0%	
Pod 5	23	23	23	0	$1,166.90	$136.70	$1,030.20	$1,132.89	$136.70	$996.18	$34.01	$1,412.86	$0.00	$1,304.18	$0.00	$2,579.76	$1,166.90	$2,437.06	$1,132.88	$34.01	3.0%	
Pod 7	102	102	0	102	$1,166.90	$136.70	$1,030.20	$1,132.89	$136.70	$996.18	$34.01	$0.00	$1,304.35	$0.00	$1,304.35	$1,166.90	$2,471.25	$1,132.88	$2,437.23	$34.01	3.0%	
50' Single Family																						
Pod 1	139	139	139	0	$1,341.93	$157.21	$1,184.72	$1,302.82	$157.21	$1,145.61	$39.11	$1,412.86	$0.00	$1,412.86	$0.00	$2,754.79	$1,341.93	$2,715.68	$1,302.82	$39.11	3.0%	
Pod 4	2	2	2	0	$1,341.93	$157.21	$1,184.72	$1,302.82	$157.21	$1,145.61	$39.11	$1,412.86	$0.00	$1,412.86	$0.00	$2,754.79	$1,341.93	$2,715.68	$1,302.82	$39.11	3.0%	
Pod 5	63	63	63	0	$1,341.93	$157.21	$1,184.72	$1,302.82	$157.21	$1,145.61	$39.11	$1,412.86	$0.00	$1,412.86	$0.00	$2,754.79	$1,341.93	$2,715.68	$1,302.82	$39.11	3.0%	
Pod 6	82	82	0	82	$1,341.93	$157.21	$1,184.72	$1,302.82	$157.21	$1,145.61	$39.11	$0.00	$1,413.04	$0.00	$1,413.04	$1,341.93	$2,754.97	$1,302.82	$2,715.86	$39.11	3.0%	
Pod 7	85	85	0	85	$1,341.93	$157.21	$1,184.72	$1,302.82	$157.21	$1,145.61	$39.11	$0.00	$1,413.04	$0.00	$1,413.04	$1,341.93	$2,754.97	$1,302.82	$2,715.86	$39.11	3.0%	
60' Single Family																						
Pod 5	40	40	40	0	$1,551.97	$181.81	$1,370.16	$1,506.74	$181.81	$1,324.93	$45.24	$1,630.23	$0.00	$1,630.23	$0.00	$3,182.20	$1,551.97	$3,136.97	$1,506.74	$45.24	3.0%	
Villa/Townhome																						
Pod 5	46	46	46	0	$1,038.54	$121.66	$916.88	$1,008.27	$121.66	$886.60	$30.28	$869.46	$0.00	$869.46	$0.00	$1,908.00	$1,038.54	$1,877.72	$1,008.26	$30.28	3.0%	
Pod 7	56	56	0	56	$1,038.54	$121.66	$916.88	$1,008.27	$121.66	$886.60	$30.28	$0.00	$1,195.65	$0.00	$1,195.65	$1,038.54	$2,234.19	$1,008.26	$2,203.91	$30.28	3.0%	
Townhome South Parce	220	220	0	220	$1,038.54	$121.66	$916.88	$1,008.27	$121.66	$886.60	$30.28	$0.00	$434.78	$0.00	$434.78	$1,038.54	$1,473.32	$1,008.26	$1,443.04	$30.28	3.0%	
Townhome 20'	206	206	0	206	$1,038.54	$121.66	$916.88	$1,008.27	$121.66	$886.60	$30.28	$0.00	$1,086.96	$0.00	$1,086.96	$1,038.54	$2,125.50	$1,008.26	$2,095.22	$30.28	3.0%	
Total	1662	1662	435	751															

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