Adopted Budget
Fiscal Year 2022

South-Dade Venture Community Development District

August 26, 2021

South-Dade Venture
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1-2
Capital Reserve Schedule	Page 3
Assessment Summary Table	Page 4
Budget Narrative	Page 5-9

Debt Service Funds

Series 2008 Budget	Page 10
Amortization Schedule	Page 11

Series 2012 Budget	Page 12
Amortization Schedule	Page 13

Series 2013 Budget	Page 14
Amortization Schedule	Page 15

South-Dade Venture		
Community Development District		

 Description			Adopted Budget
 	FY 2021			Actual Thru
 	7/31/21			Projected Next
 	2 Months			Total Projected
 	9/30/21			Adopted Budget
 	FY 2022		
Revenues											
Special Assessments (Net)		$1,792,718		$1,802,178		$0		$1,802,178		$1,792,718	
Special Assessments (Net) Clubhouse II		$272,480		$273,918		$0		$273,918		$272,480	
Interest Income		$5,000		$1,155		$231		$1,386		$2,000	
Vehicle Registration Fees		$12,000		$13,336		$2,667		$16,003		$15,000	
FEMA Reimbursement (1)		$0		$35,009		$0		$35,009		$0	
Miscellaneous Income		$600		$495		$0		$495		$600	
Carryforward Surplus		$0		$0		$0		$0		$0	
 TOTAL REVENUES			 	$2,082,798  		 	$2,126,091  		 	$2,898  		 	$2,128,989  		 	$2,082,798  	
Expenditures											
Administrative											
Supervisor Fees		$12,000		$8,200		$2,000		$10,200		$12,000	
FICA Expense		$918		$627		$153		$780		$918	
Engineering		$16,250		$1,443		$4,063		$5,506		$10,000	
Attorney		$30,000		$13,755		$4,585		$18,340		$20,000	
Annual Audit		$4,400		$4,000		$0		$4,000		$4,100	
Trustee Fees		$0		$4,027		$4,027		$8,054		$8,054	
Management Fees		$57,384		$47,820		$9,564		$57,384		$59,105	
Computer Time		$1,000		$833		$167		$1,000		$1,000	
Telephone		$50		$0		$8		$8		$50	
Postage		$1,700		$1,600		$283		$1,883		$2,000	
Printing & Binding		$1,000		$892		$167		$1,059		$1,000	
Rentals & Leases		$2,400		$2,000		$400		$2,400		$2,400	
Insurance		$9,950		$9,497		$0		$9,497		$10,447	
Legal Advertising		$1,000		$126		$167		$293		$1,000	
Other Current Charges		$1,500		$1,431		$250		$1,681		$1,500	
Property Taxes		$25		$17		$0		$17		$25	
Office Supplies		$250		$113		$42		$155		$250	
Dues, Licenses & Subscriptions		$175		$175		$0		$175		$175	
 TOTAL ADMINISTRATIVE			 	$140,002  		 	$96,556  		 	$25,875  		 	$122,431  		 	$134,024  	
Field											
Electric - Entrance Lighting		$7,000		$4,224		$1,167		$5,391		$7,000	
Electric - Street Lighting		$32,500		$24,239		$5,417		$29,656		$30,000	
Electric - Street Lighting Lease		$27,612		$23,010		$4,602		$27,612		$27,612	
Electric - Irrigation		$2,600		$1,714		$433		$2,147		$2,600	
Electric - Guardhouse		$10,500		$5,521		$1,750		$7,271		$10,500	
Water - Guardhouse		$1,000		$833		$167		$1,000		$0	
Cable/Internet		$17,500		$17,781		$2,917		$20,698		$21,000	
Telephone-Wireless		$720		$582		$120		$702		$720	
Landscape Maintenance		$400,048		$340,273		$68,055		$408,328		$420,577	
Tree Trimming		$30,000		$24,777		$5,000		$29,777		$30,000	
Plant Replacement		$20,000		$5,410		$3,333		$8,743		$20,000	
Irrigation Maintenance		$2,000		$4,565		$333		$4,898		$5,000	
Field Management		$35,000		$27,184		$2,000		$29,184		$12,000	
Lake Maintenance		$17,535		$14,693		$2,923		$17,616		$17,535	
General Maintenance		$35,000		$7,238		$5,833		$13,071		$30,000	
Pressure Cleaning		$14,500		$13,231		$1,269		$14,500		$14,500	
Culvert Cleaning		$12,000		$15,885		$0		$15,885		$16,000	
Property Insurance		$17,648		$21,233		$0		$21,233		$23,356	
Banner/Holiday Decorations		$120,900		$93,087		$27,813		$120,900		$120,900	
Security Gate Guards		$415,000		$309,968		$69,167		$379,135		$405,000	
Gate Maintenance/Repairs		$60,000		$40,987		$10,000		$50,987		$60,000	
Enhanced Security		$250,000		$223,457		$41,667		$265,124		$265,000	
Web Design/Maintenance		$4,250		$0		$4,250		$4,250		$4,250	
Newsletter Printing		$13,500		$831		$2,250		$3,081		$4,000	
Operating Supplies		$1,500		$511		$250		$761		$1,500	
Storm Repairs		$0		$63,291		$0		$63,291		$0	
Hurricane Recovery/Project		$0		$30,584		$0		$30,584		$0	
Capital Reserve		$70,000		$14,412		$55,588		$70,000		$60,000	
Contingency		$50,000		$0		$50,000		$50,000		$50,000	
 TOTAL FIELD			 	$1,668,313  		 	$1,329,521  		 	$366,303  		 	$1,695,824  		 	$1,659,051  	

South-Dade Venture
Community Development District	

 		

 Description			Adopted
Budget
 	FY 2021			Actual
Thru
 	7/31/21			Projected
Next
 	2 Months			Adopted
Budget
 	FY 2022		
Clubhouse II Maintenance/Operation									
Security		$46,723		$36,544		$7,787		$46,723	
Telephone		$6,750		$5,160		$1,125		$6,750	
Utilities		$35,000		$19,201		$5,833		$30,000	
Insurance		$8,025		$9,655		$0		$10,359	
Banner/Holiday Decorations		$13,062		$0		$0		$0	
Alarm Monitoring		$1,800		$2,108		$300		$2,400	
Pool Maintenance		$20,000		$17,311		$3,333		$20,000	
Club Operation/Staff		$77,000		$101,472		$12,833		$115,000	
Fitness Equipment Maintenance		$3,000		$5,391		$500		$6,000	
Office Supplies & Printing		$4,500		$3,043		$750		$4,000	
Repairs & Maintenance		$31,000		$22,892		$5,167		$31,000	
Janitorial Maintenance		$6,000		$0		$0		$0	
Janitorial Supplies		$7,000		$5,287		$1,167		$7,000	
Landscape Maintenance		$6,000		$4,000		$1,000		$6,000	
Licenses and Permits		$1,200		$921		$200		$1,200	
Clubhouse Reserves		$4,631		$0		$4,631		$0	
Contingency		$2,792		$0		$2,792		$0	
 TOTAL CLUBHOUSE II MAINTENANCE			 	$274,483  		 	$232,985  		
 	$47,418  		
 	$286,432  	
 TOTAL EXPENDITURES			 	$2,082,798  		 	$1,659,062  		
 	$439,596  		
 	$2,079,507  	
Other Sources and Uses									
Interfund Transfer		$0		$0		$0		($3,291)	
 TOTAL OTHER SOURCES AND USES			 	$0  		 	$0  		
 	$0  		
 	($3,291) 	
 ENDING FUND BALANCE			 	($0) 		 	$467,029  		
 	($436,698) 		
 	$0  	

(1) FEMA claim for Hurricane Irma.									

Total Projected
9/30/21		

$44,331
$6,285
$25,034
$9,655
$0
$2,408
$20,644
$114,305
$5,891
$3,793
$28,059
$0
$6,454
$5,000
$1,121
$4,631
$2,792		
 	$280,403  		
 	$2,098,658  

$0		
 	$0  		
 	$30,331  		

	FY 2017	FY 2018	FY 2019	FY 2020	FY 2021	FY 2022	
Net Assessment	$1,914,168	$1,914,168	$1,907,029	$2,065,206	$2,065,206	$2,065,198	
Collection & Discounts (5%)	$100,746	$100,746	$107,885	$107,885	$107,885	$107,885	
Gross Assessment	$2,014,914	$2,014,914	$2,014,914	$2,173,091	$2,173,091	$2,173,083	
No. of Units	2,269	2,269	2,269	2,269	2,269	2,269	
Per Unit Assessment							
Phase 1 Per Unit (Gross)	$761	$761	$761	$761	$831	$831	
Phase 2 Blvd. Per Unit (Gross)	$1,025	$1,025	$1,025	$1,025	$1,095	$1,095	
Phase 2 Per Unit (Gross)	$1,025	$1,025	$1,025	$1,025	$1,095	$1,095	
Phase 2 (No Clubhouse) Per Unit (Gross)	$761	$761	$761	$761	$831	$831	

SOUTH-DADE VENTURE COMMUNITY DEVELOPMENT DISTRICT
Exhibit "A" Allocation of Operating Reserve

Description		Amount	

Beginning Balance - Carry Forward Surplus (As of 10/1/2020)		
$514,177	
Estimated Excess Revenues over Expenditures		$30,331	
Less:
Funding for First Quarter Operating Expenses:	
($303,145)		
Reserved for Capital Projects / Renewal and Replacement: Gates/Guardhouses	
($80,051)		
Clubhouse	 	($161,312) 	($544,508)	
Total Undesignated Cash as of 09/30/2021		$0	

South-Dade Venture
Community Development District
Special Assessment Summary

Sub-Division Name	
PH	
Platted Units	
2002 Debt	
2008 Debt	
2012 Debt	
2013 Debt	
TOTAL DEBT	
O&M	Total Per Unit
Assessment	FY 2022 Total
Assessment	
Floridian Isles I	1	150	$0	$79	$523	$0	$602	$831	$1,433.00	$214,949.29	
Marbella Cove	1	170	$0	$79	$508	$0	$587	$831	$1,417.66	$241,832.10	
Portofino Estates	1	130	$0	$79	$605	$0	$684	$831	$1,514.83	$196,927.28	
Pebblebrook I	1	120	$0	$79	$564	$0	$643	$831	$1,473.92	$176,869.83	
Stonebrook I	1	146	$0	$79	$605	$0	$684	$831	$1,514.83	$221,164.49	
Portofino Bay	1	163	$0	$79	$564	$0	$643	$831	$1,473.92	$240,248.19	
Floridian Bay Estates	1	175	$0	$79	$621	$0	$699	$831	$1,530.17	$263,355.86	
Floridian Bay Estates II	2	72	$0	$79	$163	$708	$949	$1,095	$2,043.98	$147,166.41	
Portofino Palms	2	172	$0	$79	$113	$699	$890	$1,095	$1,985.23	$340,568.73	
Portofino Pointe	2	105	$0	$79	$113	$699	$890	$1,095	$1,985.23	$208,448.93	
Portofino Oaks	2	92	$0	$79	$144	$708	$931	$1,095	$2,026.15	$186,405.61	
Portofino Lakes	2	120	$0	$79	$144	$708	$931	$831	$1,762.10	$211,451.43	
Marbella Bay	2	207	$0	$79	$97	$673	$848	$1,095	$1,942.91	$402,181.93	
Floridian Isles II	2	176	$0	$79	$97	$656	$832	$1,095	$1,926.52	$339,067.15	
Pebblebrook II	2	182	$0	$79	$113	$699	$890	$1,095	$1,985.23	$361,311.48	
Stonebrook II	2	88	$0	$79	$144	$708	$931	$1,095	$2,026.15	$178,301.01	
Gross Assessment		2,268								$3,930,250	
(1) During FY 2012, 1 unit paid off their 2008A and 2012A Bond Assessment.
(2) During FY 2005, 6 units paid off their 2012A Bond Assessment. During FY 2015, 1 unit paid off their 2012A Bond Assessment.
(3) During FY 2017, 1 unit paid off their 2008A and 2012A Bond Assessment.

SOUTH-DADE VENTURE
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022
REVENUES:

Special Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.

Vehicle Registration Fees
Revenues collected for vehicle passes sold to residents for admittance into any of the three gate entrances.

Miscellaneous Income
Revenue collected from residents for purchasing pool passes or for renting the clubhouse.

EXPENDITURES:

Supervisor Fees
The Florida Statutes allows each board member to receive $200 per meeting not to exceed $4,800 in one year. The amount for the fiscal year is based upon all five supervisors attending the estimated 12 annual meetings.

FICA Expense
Represents the Employer's share of Social Security and Medicare taxes withheld from Board of Supervisors checks.

Engineering Fees
The District's engineer will be providing general engineering services to the District including attendance and preparation for board meetings, etc.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2012A Special Assessment Revenue Bonds and Series 2013A Special Assessment Refunding Bond. Currently the District has contracted Grau & Associates, an independent certified public accounting firm, to calculate the rebate liability and submit a report to the District.

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.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

SOUTH-DADE VENTURE
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022

Trustee Fees
The District issued Series 2008A, 2012A & 2013A Special Assessment Revenue Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida. These services are further outlined in Exhibit "A" of the Management Agreement.

Computer Time
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services-South Florida.

Telephone
Telephone and fax machine.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Rentals & Leases
The District will be charged $200 per month for office rent from Governmental Management Services-South Florida, Inc.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance Florida Insurance Alliance specializes in providing insurance coverage to governmental agencies.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges
Bank charges and any other miscellaneous expenses that are incurred during the year.

Property Taxes
Property Taxes for property owned by the District.

Office Supplies
Miscellaneous office supplies.

SOUTH-DADE VENTURE
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022

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.

Field Maintenance:

Electric – Entrance Lighting
Electric for the Entrance Lighting.

Electric – Street Lighting
Electric for the Street Lights throughout the District.

Electric – Street Lighting Lease
Monthly lease payments to Florida Power & Light due for the decorative street lights within South-Dade Venture CDD.

Electric – Irrigation
Electric for the Irrigation Pump System.

Electric – Guardhouses
Electric for the Guardhouse.

Water – Guardhouses
Water and sewer services for the guardhouses.

Cable/Internet
Services for the guardhouses.

Landscape Maintenance
Landscape maintenance in South-Dade Venture Community Development District that includes mowing of all the grass areas, pruning of shrubs, weeding of all bedding areas, irrigation maintenance, pest control, and fertilization.

Plant Replacement
Replacement of plants throughout South-Dade Venture Community Development District.

Irrigation Maintenance
Unscheduled maintenance to the Irrigation System.

Field Management Fees
The supervision and on-site management of South-Dade Venture Community Development District. Their responsibilities include reviewing contracts and other maintenance related items.

Lake Maintenance
Lake management services that includes monthly inspections and treatment of aquatic weeds and algae, herbiciding, and algae control and removal.

SOUTH-DADE VENTURE
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022

General Maintenance
General Maintenance for South-Dade Venture Community Development District, which includes street repairs, street cleaning, signage painting, and irrigation pump repairs.

Pressure Cleaning
Annual pressure cleaning of sidewalks, entrance walls, etc.

Culvert Cleaning
Annual Storm Drain Cleaning for all Storm Drains throughout the District.

Property Insurance
Property and operational insurance for the District’s capital assets.

Banner/Holiday Decorations
The District has a contract with CDI for the display of Holiday Lighting throughout the District.

Security Gate Guard Services
The District has contracted with a security company for gate security at the three guardhouses in the District.

Gate Maintenance/Repairs
Unscheduled repairs or performance maintenance on the Gatehouses.

Enhanced Security
Will include police patrolling of the District as well as video surveillance and any other security measure needed with the District.

Web Design / Maintenance
The District has contracted with Governmental Management Services-South Florida for the supervision and maintenance of South-Dade Venture Community Development District’s website.

Newsletter Printing
Cost of preparing and printing quarterly newsletter for CDD residents.

Operating Supplies
Miscellaneous supplies needed.

Contingency
Unexpected maintenance and repairs.

Capital Reserve
Funds set aside for future replacements of capital related items.

SOUTH-DADE VENTURE
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2022

Clubhouse II Maintenance

Security
The District has contracted with a security company for clubhouse security at the Waterstone II Clubhouse.

Telephone
Telephone and internet service at the Clubhouse.

Utilities
City of Homestead provides water, electric and refuse and recycling services to the Clubhouse.

Insurance
Property insurance for the Clubhouse.

Alarm Monitoring
The monitoring fees for the security alarm system in the Clubhouse.

Pool Maintenance
The District has contract with Serenity Pools of South Florida to maintain the Clubhouse pool.

Club Operation/Staff
Administrative and Management Fees incurred for daily management of the Clubhouse.

Fitness Equipment/Maintenance
Monthly performance maintenance as well as unexpected repairs and maintenance to the fitness equipment in the Clubhouse.

Office Supplies/Printing
Miscellaneous office supplies and printing for the Clubhouse.

Repairs & Maintenance
Unscheduled repairs and maintenance for the Clubhouse.

Janitorial Supplies
Supplies for Janitorial duties in the Clubhouse.

Landscape Maintenance
The District has contracted with Valley Crest to provide landscaping services at the Clubhouse.

Clubhouse Reserves
Funds set aside for replacement of capital items relating to the Clubhouse.

Contingency
Any unexpected or irregular expenses incurred.

South-Dade Venture	Debt Service Fund
Community Development District	Series 2008 Special Assessment Revenue Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		
Total
Projected	Adopted
Budget	
 Description			 	FY 2021			 	7/31/21			 	2 Months			 	9/30/21		 	FY 2022		
Revenues										
Special Assessments - On Roll (1)		$169,312		$170,617		$0		$170,617	$169,312	
Interest Income		$50		$3		$0		$3	$50	
Carry Forward Surplus		$24,133		$21,474		$0		$21,474	$19,522	
     TOTAL REVENUES			 	$193,495  		 	$192,094  		 	$0  		
 	$192,094  	 	$188,884  	
Expenditures
Series 2008A
Interest Expense - 11/01		

$23,468		

$23,468		

$0		

$23,468	

$20,923	
Interest Expense - 5/01		$23,085		$23,084		$0		$23,084	$20,582	
Principal Expense - 5/01		$126,020		$126,020		$0		$126,020	$131,098	
     TOTAL EXPENDITURES			 	$172,572  		 	$172,572  		 	$0  		
 	$172,572  	 	$172,603  	
Other Sources/(Uses)
Interfund Transfer		
$0		
$0		
$0		
$0	
$3,291	
     TOTAL OTHER SOURCES AND USES			 	$0  		 	$0  		 	$0  		
 	$0  	 	$3,291  	
     EXCESS REVENUES			 	$20,923  		 	$19,522  		 	$0  		
 	$19,522  	 	$19,572  	
								11/22 Interest 2008A	
 	$18,277  	
									 	$18,277  	

Sub-Division Name		Pod/Parcel	Type	Platted Units	Gross Per Unit	Debt Assessment	
Floridian Isles I	A	Villa	150	$78.86	$11,829.00	
Marbella Cove	(2)	B	Villa w/o G.	170	$78.86	$13,406.20	
Portofino Estates	C	50'	130	$78.86	$10,251.80	
Pebblebrook I	D	36'	120	$78.86	$9,463.20	
Stonebrook I	E	50'	146	$78.86	$11,513.56	
Portofino Bay	F	36'	163	$78.86	$12,854.18	
Floridian Bay Estates	(3)	G	60'	168	$78.86	$13,248.48	
Floridian Bay Estates II	H	60'	72	$78.86	$5,677.92	
Portofino Palms	(4)	I	36'	171	$78.86	$13,485.06	
Portofino Pointe	J	36'	105	$78.86	$8,280.30	
Portofino Oaks	K	50'	92	$78.86	$7,255.12	
Portofino Lakes	L	50'	120	$78.86	$9,463.20	
Marbella Bay	M	Villa	207	$78.86	$16,324.02	
Floridian Isles II	N	TH	176	$78.86	$13,879.36	
Pebblebrook II	O	36'	182	$78.86	$14,352.52	
Stonebrook II	P	50'	88	$78.86	$6,939.68	
Gross Assessment				2,260		$178,223.60	
Less Discounts/Commissions (5%)	 	($8,911.18)	
Net Assessment	$169,312.42	
(1) Represents Maximum Annual Debt Service Assessment
(2) During FY 2012, 1 unit paid off their 2008A and 2012A Bond Assessment.
(3) During FY 2005, 6 units paid off their 2012A Bond Assessment.
(4) During FY 2017, 1 unit paid off their 2008A and 2012A Bond Assessment.

South-Dade Venture	Amortization Schedule
Community Development District	Series 2008A,  Special Assessment Bonds (1)

 	DATE		 	BALANCE		 	RATE		 	PRINCIPAL		 	INTEREST		 	TOTAL	

05/01/21	$ 1,162,399	3.95%	$ 126,019.68		$ 23,084.91		$	-	
11/01/21	$ 1,036,379	3.95%	$	-		$ 20,923.34		$ 170,027.93	
05/01/22	$ 1,036,379	3.95%	$ 131,097.75		$ 20,582.20		$	-	
11/01/22	$	905,281	3.95%	$	-		$ 18,276.62		$ 169,956.57	
05/01/23	$	905,281	3.95%	$ 136,380.44		$ 17,978.63		$	-	
11/01/23	$	768,901	3.95%	$	-		$ 15,523.25		$ 169,882.32	
05/01/24	$	768,901	3.95%	$ 141,876.01		$ 15,354.52		$	-	
11/01/24	$	627,025	3.95%	$	-		$ 12,658.93		$ 169,889.46	
05/01/25	$	627,025	3.95%	$ 147,593.02		$ 12,452.54		$	-	
11/01/25	$	479,432	3.95%	$	-		$	9,679.19		$ 169,724.75	
05/01/26	$	479,432	3.95%	$ 153,540.40		$	9,521.38		$	-	
11/01/26	$	325,891	3.95%	$	-		$	6,579.38		$ 169,641.16	
05/01/27	$	325,891	3.95%	$ 159,727.44		$	6,472.11		$	-	
11/01/27	$	166,164	3.95%	$	-		$	3,354.66		$ 169,554.21	
05/01/28	$	166,164	3.95%	$ 166,163.79		$	3,318.20		$ 169,481.99	
 	Total				  $ 1,162,399  		  $ 195,759.85  		  $ 1,528,395.75  	

(1) Series 2008 bonds were refinanced at a lower interest rate effective on July 30, 2013.

South-Dade Venture	Debt Service Fund
Community Development District	Series 2012 Special Assessment Revenue Refunding Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Adopted
Budget	
 Description			 	FY 2021			 	7/31/21			 	2 Months			 	9/30/21			 	FY 2022		
Revenues
Special Assessments - On Roll (1)		
$702,462		
$706,000		
$0		
$706,000		
$702,462	
Interest Income		$0		$28		$6		$34		$0	
Carry Forward Surplus (2)		$184,774		$176,972		$0		$176,972		$166,535	
     TOTAL REVENUES			 	$887,236  		 	$883,000  		 	$6  		 	$883,006  		 	$868,996  	
Expenditures
Series 2012A Interest - 11/01		

$166,928		

$166,800		

$0		

$166,800		

$158,725	
Interest - 05/01		$166,928		$166,800		$0		$166,800		$158,725	
Principal - 05/01		$375,000		$375,000		$0		$375,000		$390,000	
     TOTAL EXPENDITURES			 	$708,856  		 	$708,600  		 	$0  		 	$708,600  		 	$707,450  	
Other Sources/(Uses)
Trustee Fees		
($4,771)		
($4,771)		
$0		
($4,771)		
($4,771)	
Arbitrage Rebate		($600)		($600)		$0		($600)		($600)	
Dissemination Agent Fees		($2,500)		$0		($2,500)		($2,500)		($2,500)	
     TOTAL OTHER			 	($7,871) 		 	($5,371) 		 	($2,500) 		 	($7,871) 		 	($7,871) 	
     EXCESS REVENUES			 	$170,509  		 	$169,029  		 	($2,494) 		 	$166,535  		 	$153,675  	

11/22 Interest 2012A

  $	149,950  

Sub-Division Name		Pod/Parcel	Type	Platted Units	Gross Per Unit	Debt Assessment	
Floridian Isles I	A	Villa	150	$523.43	$78,514.50	
Marbella Cove	(3)	B	Villa w/o G.	170	$508.09	$86,375.30	
Portofino Estates	C	50'	130	$605.26	$78,683.80	
Pebblebrook I	D	36'	120	$564.35	$67,722.00	
Stonebrook I	E	50'	146	$605.26	$88,367.96	
Portofino Bay	F	36'	163	$564.35	$91,989.05	
Floridian Bay Estates (1)	(4)	G	60'	168	$620.60	$104,260.80	
Floridian Bay Estates II	H	60'	72	$162.74	$11,717.28	
Portofino Palms	I	36'	171	$112.51	$19,239.21	
Portofino Pointe	J	36'	105	$112.51	$11,813.55	
Portofino Oaks	K	50'	92	$144.11	$13,258.12	
Portofino Lakes	L	50'	120	$144.11	$17,293.20	
Marbella Bay	M	Villa	207	$96.71	$20,018.97	
Floridian Isles II	N	TH	176	$96.71	$17,020.96	
Pebblebrook II	O	36'	182	$112.51	$20,476.82	
Stonebrook II	P	50'	88	$144.11	$12,681.68	
Gross Assessment				2,260		$739,433.20	
Less Discounts/Commissions (5%)	$36,971.66	
Net Assessment	$702,461.54	
(1) Represents Maximum Annual Debt Service Assessment (2) Carry forward surplus is net of the reserve requirement (3) During FY 2012, 1 unit paid off their A Bond Assessment.
(4) During FY 2005, 6 units paid off their A Bond Assessment.

South-Dade Venture
Community Development District
Series 2012 Special Assessment Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/21	$ 6,655,000.00	$ 375,000.00	$ 166,928.13	$	-	
11/01/21	$ 6,280,000.00	$	-	$ 158,725.00	$	700,653.13	
05/01/22	$ 6,280,000.00	$ 390,000.00	$ 158,725.00	$	-	
11/01/22	$ 5,890,000.00	$	-	$ 149,950.00	$	698,675.00	
05/01/23	$ 5,890,000.00	$ 410,000.00	$ 149,950.00	$	-	
11/01/23	$ 5,480,000.00	$	-	$ 139,700.00	$	699,650.00	
05/01/24	$ 5,480,000.00	$ 430,000.00	$ 139,700.00	$	-	
11/01/24	$ 5,050,000.00	$	-	$ 128,950.00	$	698,650.00	
05/01/25	$ 5,050,000.00	$ 455,000.00	$ 128,950.00	$	-	
11/01/25	$ 4,595,000.00	$	-	$ 117,575.00	$	701,525.00	
05/01/26	$ 4,595,000.00	$ 480,000.00	$ 117,575.00	$	-	
11/01/26	$ 4,115,000.00	$	-	$ 105,575.00	$	703,150.00	
05/01/27	$ 4,115,000.00	$ 500,000.00	$ 105,575.00	$	-	
11/01/27	$ 3,615,000.00	$	-	$	92,762.50	$	698,337.50	
05/01/28	$ 3,615,000.00	$ 530,000.00	$	92,762.50	$	-	
11/01/28	$ 3,085,000.00	$	-	$	79,181.25	$	701,943.75	
05/01/29	$ 3,085,000.00	$ 555,000.00	$	79,181.25	$	-	
11/01/29	$ 2,530,000.00	$	-	$	64,959.38	$	699,140.63	
05/01/30	$ 2,530,000.00	$ 585,000.00	$	64,959.38	$	-	
11/01/30	$ 1,945,000.00	$	-	$	49,968.75	$	699,928.13	
05/01/31	$ 1,945,000.00	$ 615,000.00	$	49,968.75	$	-	
11/01/31	$ 1,330,000.00	$	-	$	34,209.38	$	699,178.13	
05/01/32	$ 1,330,000.00	$ 650,000.00	$	34,209.38	$	-	
11/01/32	$ 680,000.00	$	-	$	17,553.13	$	701,762.50	
05/01/33	$ 680,000.00	$ 680,000.00	$	17,553.13	$	697,553.13	
		$ 6,655,000.00	$ 2,445,146.88	$ 9,801,653.13	

South-Dade Venture	Debt Service Fund
Community Development District	Series 2013 Special Assessment Revenue Refunding Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		
Total
Projected	Adopted
Budget	
 Description		 	FY 2021			 	7/31/21			 	2 Months			 	9/30/21		 	FY 2022		
Revenues
Special Assessments - On Roll (1)	
$796,457		
$800,470		
$0		
$800,470	
$796,457	
Interest Income	$1,000		$100		$20		$120	$1,000	
Carry Forward Surplus (2)	$235,892		$232,614		$0		$232,614	$232,568	

     TOTAL REVENUES		 	$1,033,349  		 	$1,033,184  		 	$20  		
 	$1,033,204  	 	$1,030,025  	
Expenditures
Series 2013A Interest - 11/01	

$183,768		

$183,768		

$0		

$183,768	

$175,275	
Interest - 05/01	$183,768		$183,768		$0		$183,768	$175,275	
Principal - 05/01	$430,000		$430,000		$0		$430,000	$450,000	

     TOTAL EXPENDITURES		 	$797,535  		 	$797,536  		 	$0  		
 	$797,536  	 	$800,550  	
Other Sources/(Uses)
Arbitrage Rebate Calculation	
($600)		
$0		
($600)		
($600)	
($600)	
Dissemination Agent Fees	($2,500)		($2,083)		($417)		($2,500)	($2,500)	

     TOTAL OTHER		 	($3,100) 		 	($2,083) 		 	($1,017) 		
 	($3,100) 	 	($3,100) 	

     EXCESS REVENUES		 	$232,714  		 	$233,565  		 	($997) 		
 	$232,568  	 	$226,375  	
(1) Represents Maximum Annual Debt Service Assessment							11/22 Interest		

(2) Carry forward surplus is net of the reserve requirement	2013A
(3) During FY 2017, 1 unit paid off their 2008A and 2012A Bond Assessment.

  $	166,388  

Sub-Division Name		Pod/Parcel	Type	Platted Units	Gross Per Unit	Debt Assessment	
Floridian Bay Estates II	A	Villa	72	$707.62	$50,948.64	
Portofino Palms	(3)	B	Villa w/o G.	171	$699.10	$119,546.10	
Portofino Pointe	C	50'	105	$699.10	$73,405.50	
Portofino Oaks	D	36'	92	$708.42	$65,174.64	
Portofino Lakes	E	50'	120	$708.42	$85,010.40	
Marbella Bay	F	36'	207	$672.58	$139,224.06	
Floridian Isles II	G	60'	176	$656.19	$115,489.44	
Pebblebrook II	H	60'	182	$699.10	$127,236.20	
Stonebrook II	I	36'	88	$708.42	$62,340.96	
Gross Assessment				1,213		$838,375.94	
Less Discounts/Commissions (5%)	$41,918.80	
Net Assessment	$796,457.14	

South-Dade Venture
Community Development District
Series 2013 Special Assessment Bonds

AMORTIZATION SCHEDULE

DATE	BALANCE	PRINCIPAL	INTEREST	TOTAL

05/01/21	$ 7,980,000.00	$ 430,000.00	$ 183,767.50	$	-	
11/01/21	$ 7,550,000.00	$	-	$ 175,275.00	$	789,042.50	
05/01/22	$ 7,550,000.00	$ 450,000.00	$ 175,275.00	$	-	
11/01/22	$ 7,100,000.00	$	-	$ 166,387.50	$	791,662.50	
05/01/23	$ 7,100,000.00	$ 465,000.00	$ 166,387.50	$	-	
11/01/23	$ 6,635,000.00	$	-	$ 157,203.75	$	788,591.25	
05/01/24	$ 6,635,000.00	$ 480,000.00	$ 157,203.75	$	-	
11/01/24	$ 6,155,000.00	$	-	$ 147,723.75	$	784,927.50	
05/01/25	$ 6,155,000.00	$ 500,000.00	$ 147,723.75	$	-	
11/01/25	$ 5,655,000.00	$	-	$ 137,848.75	$	785,572.50	
05/01/26	$ 5,655,000.00	$ 520,000.00	$ 137,848.75	$	-	
11/01/26	$ 5,135,000.00	$	-	$ 127,578.75	$	785,427.50	
05/01/27	$ 5,135,000.00	$ 545,000.00	$ 127,578.75	$	-	
11/01/27	$ 4,590,000.00	$	-	$ 116,815.00	$	789,393.75	
05/01/28	$ 4,590,000.00	$ 565,000.00	$ 116,815.00	$	-	
11/01/28	$ 4,025,000.00	$	-	$ 105,656.25	$	787,471.25	
05/01/29	$ 4,025,000.00	$ 585,000.00	$ 105,656.25	$	-	
11/01/29	$ 3,440,000.00	$	-	$	90,300.00	$	780,956.25	
05/01/30	$ 3,440,000.00	$ 620,000.00	$	90,300.00	$	-	
11/01/30	$ 2,820,000.00	$	-	$	74,025.00	$	784,325.00	
05/01/31	$ 2,820,000.00	$ 650,000.00	$	74,025.00	$	-	
11/01/31	$ 2,170,000.00	$	-	$	56,962.50	$	780,987.50	
05/01/32	$ 2,170,000.00	$ 690,000.00	$	56,962.50	$	-	
11/01/32	$ 1,480,000.00	$	-	$	38,850.00	$	785,812.50	
05/01/33	$ 1,480,000.00	$ 720,000.00	$	38,850.00	$	-	
11/01/33	$	760,000.00	$	-	$	19,950.00	$	778,800.00	
05/01/34	$	760,000.00	$ 760,000.00	$	19,950.00	$	779,950.00	
		$ 7,980,000.00	$ 3,012,920.00	$ 11,788,750.00