Islands At Doral (SW) Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR  TO DATE ACTUAL
10/1/18 - 9/29/19	
Administrative Assessments	71,135	73,235	73,235	
Maintenance Assessments	34,787	34,787	34,787	
Debt Assessments	631,721	631,721	631,721	
Other Revenues	0	0	0	
Interest Income	360	650	639	
Total Revenues	$	738,003	$	740,393	$	740,382	
				
EXPENDITURES				
Maintenance Expenditures				
Engineering Report/Inspections	1,500	1,300	1,300	
Storm Drain Inlet Maintenance	8,400	500	0	
Street/Roadway Maintenance - Polynesian Subdivision	3,600	500	0	
Miscellaneous General Maintenance	4,200	500	0	
Miscellaneous Stormwater System Maintenance	15,000	1,500	0	
Total Maintenance Expenditures	$	32,700	$	4,300	$	1,300	
				
Administrative Expenditures				
Supervisor Fees	5,000	2,400	2,400	
Payroll Taxes (Employer)	383	184	184	
Management	29,544	29,544	29,544	
Secretarial & Field Operations	5,700	5,700	5,700	
Legal	7,500	7,000	5,836	
Assessment Roll	6,000	6,000	6,000	
Audit Fees	3,800	3,400	3,400	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,500	5,000	5,000	
Legal Advertisements	650	500	174	
Miscellaneous	1,500	1,250	717	
Postage	275	100	87	
Office Supplies	550	325	273	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,800	4,768	4,768	
Continuing Disclosure Fee	350	350	350	
Website Management	1,500	1,500	1,500	
Total Administrative Expenditures	$	74,877	$	68,846	$	66,758	
				
Total Expenditures	$	107,577	$	73,146	$	68,058	
				
EXCESS/ (SHORTFALL)	$	630,426	$	667,247	$	672,324	
				
Bond Payments	(593,818)	(603,582)	(603,582)	
				
Balance	$	36,608	$	63,665	$	68,742	
				
County Appraiser & Tax Collector Fee	(14,753)	(7,081)	(7,081)	
Discounts For Early Payments	(29,505)	(25,792)	(25,792)	
				
Excess/ (Shortfall)	$	(7,650)	$	30,792	$	35,869	
				
Carryover From Prior Year	7,650	7,650	0	
				
Net Excess/ (Shortfall)	$	-	$	38,442	$	35,869	

Fund Balance As Of 9/30/2018	
FY 2018/2019 Activity	
Fund Balance As Of 9/30/2019	

$229,930	
$30,792	
$260,722	

Notes
Carryover From Prior Year Of $7,650 used to reduce Fiscal Year 2018/2019 Assessments.
$5,360 Of Fund Balance To Be Used To Reduce 2019/2020 Assessments.

9/26/2019 10:25 AM	I

AMENDED FINAL BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET
10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	50	4,700	4,681	
NAV Tax Collection	593,818	603,582	603,582	
				
Total Revenues	$	593,868	$	608,282	$	608,263	
				
EXPENDITURES				
Principal Payments	280,000	280,000	280,000	
Interest Payments	313,868	318,961	318,961	
Extraordinary Principal Payments	0	10,000	10,000	
Total Expenditures	$	593,868	$	608,961	$	608,961	
				
Excess/ (Shortfall)	$	-	$	(679)	$	(698)	

Fund Balance As Of 9/30/2018	
Projected FY 2018/2019 Activity	
Projected Fund Balance As Of 9/30/2019	

$180,927	
($679)	
$180,248	

Note*: Revenue Funds Balance = $180,248.
Revenue Fund Balance To Be Used To Make 11/1/2019 Interest Payment Of $154,092.
* Approximate Amounts

Series 2007 Refunding Bonds Information
Original Par Amount =	$9,505,000	Annual Principal Payments Due:	
Interest Rate =	4.52%	May 1st	
Issue Date =	May 2007	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/19 =	May 2035

$6,670,000	May 1st & November 1st	

II
9/26/2019 10:25 AM