Islands At Doral (SW) Community Development District

Amended Final Budget For Fiscal Year 2020/2021
October 1, 2020 - September 30, 2021

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 8/31/21	
Administrative Assessments	81,753	83,005	83,005	
Maintenance Assessments	32,872	32,875	32,875	
Debt Assessments	572,496	572,609	572,609	
Other Revenues	0	0	0	
Interest Income	540	465	458	
Total Revenues	$	687,661	$	688,954	$	688,947	
				
EXPENDITURES				
Maintenance Expenditures				
Engineering Report/Inspections	1,500	975	975	
Storm Drain Inlet Maintenance	9,000	8,500	0	
Street/Roadway Maintenance - Polynesian Subdivision	4,200	4,374	4,374	
Miscellaneous General Maintenance	3,600	1,500	411	
Miscellaneous Stormwater System Maintenance	12,600	2,000	0	
Total Maintenance Expenditures	$	30,900	$	17,349	$	5,760	
				
Administrative Expenditures				
Supervisor Fees	5,000	3,000	2,000	
Payroll Taxes (Employer)	383	313	153	
Management	30,780	30,780	28,215	
Secretarial & Field Operations	6,000	6,000	5,500	
Legal	7,500	7,000	4,542	
Assessment Roll	6,000	6,000	0	
Audit Fees	3,600	3,600	3,600	
Arbitrage Rebate Fee	650	650	650	
Insurance	6,000	5,513	5,513	
Legal Advertisements	650	650	401	
Miscellaneous	1,500	1,250	437	
Postage	250	275	246	
Office Supplies	550	200	100	
Dues & Subscriptions	175	175	175	
Trustee Fees	4,800	4,031	4,031	
Continuing Disclosure Fee	350	350	0	
Website Management	2,000	2,000	1,832	
Administrative Contingency	1,200	500	0	
Total Administrative Expenditures	$	77,388	$	72,287	$	57,395	
				
Total Expenditures	$	108,288	$	89,636	$	63,155	
				
EXCESS/ (SHORTFALL)	$	579,373	$	599,318	$	625,792	
				
Bond Payments	(538,146)	(546,433)	(546,433)	
				
Balance	$	41,227	$	52,885	$	79,359	
				
County Appraiser & Tax Collector Fee	(13,742)	(6,637)	(6,637)	
Discounts For Early Payments	(27,485)	(24,792)	(24,792)	
				
Excess/ (Shortfall)	$	-	$	21,456	$	47,930	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	21,456	$	47,930	

Fund Balance As Of 9/30/2020	
FY 2020/2021 Activity	
Fund Balance As Of 9/30/2021	

$298,686	
$21,456	
$320,142	

8/27/2021 12:47 PM	I

ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2020/2021 OCTOBER 1, 2020 - SEPTEMBER 30, 2021

REVENUES	FISCAL YEAR 2020/2021 BUDGET
10/1/20 - 9/30/21	AMENDED FINAL BUDGET
10/1/20 - 9/30/21	YEAR TO DATE ACTUAL
10/1/20 - 8/31/21	
Interest Income	100	10	9	
NAV Tax Collection	538,146	546,433	546,433	
Total Revenues	$	538,246	$	546,443	$	546,442	
				
EXPENDITURES				
Principal Payments	361,000	361,000	361,000	
Interest Payments	171,609	176,464	176,464	
Bond Redemption	5,637	0	0	
Total Expenditures	$	538,246	$	537,464	$	537,464	
				
Excess/ (Shortfall)	$	-	$	8,979	$	8,978	

Fund Balance As Of 9/30/2020	
Projected FY 2020/2021 Activity	
Projected Fund Balance As Of 9/30/2021	

$109,937	
$8,979	
$118,916	

Note*: Revenue Fund Balance = $118,916.
Revenue Fund Balance To Be Used To Make 11/1/2021 Interest Payment Of $83,377.
* Approximate Amounts

Series 2020 Refunding Bonds Information
Original Par Amount =	$6,945,000	Annual Principal Payments Due:	
Interest Rate =	2.69%	May 1st	
Issue Date =	Jan 2020	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/21 =	May 2035

$6,199,000	May 1st & November 1st	

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8/27/2021 12:47 PM