Islands At Doral (SW) Community Development District

Amended Final Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 8/31/22	
Administrative Assessments	81,711	82,742	82,742	
Maintenance Assessments	32,872	32,874	32,874	
Debt Assessments	572,496	572,610	572,610	
Other Revenues	0	0	0	
Interest Income	300	305	300	
Total Revenues	$	687,379	$	688,531	$	688,526	
				
EXPENDITURES				
Maintenance Expenditures				
Engineering Report/Inspections	1,500	2,375	2,375	
Storm Drain Inlet Maintenance	9,000	9,000	6,470	
Street/Roadway Maintenance - Polynesian Subdivision	4,200	1,000	0	
Miscellaneous General Maintenance	3,600	1,000	63	
Miscellaneous Stormwater System Maintenance	12,600	1,000	0	
Total Maintenance Expenditures	$	30,900	$	14,375	$	8,908	
				
Administrative Expenditures				
Supervisor Fees	5,000	2,400	1,400	
Payroll Taxes (Employer)	383	192	107	
Management	31,200	31,200	28,600	
Secretarial & Field Operations	6,000	6,000	5,500	
Legal	7,500	7,500	5,081	
Assessment Roll	6,000	6,000	0	
Audit Fees	3,700	3,700	3,700	
Arbitrage Rebate Fee	650	650	0	
Insurance	6,000	5,706	5,706	
Legal Advertisements	650	650	387	
Miscellaneous	1,100	1,200	1,087	
Postage	250	250	216	
Office Supplies	550	250	194	
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	1,833	
Administrative Contingency	800	800	0	
Total Administrative Expenditures	$	77,108	$	73,054	$	58,017	
				
Total Expenditures	$	108,008	$	87,429	$	66,925	
				
EXCESS/ (SHORTFALL)	$	579,371	$	601,102	$	621,601	
				
Bond Payments	(538,146)	(546,403)	(546,403)	
				
Balance	$	41,225	$	54,699	$	75,198	
				
County Appraiser & Tax Collector Fee	(13,742)	(6,634)	(6,634)	
Discounts For Early Payments	(27,483)	(24,827)	(24,827)	
				
Excess/ (Shortfall)	$	-	$	23,238	$	43,737	
				
Carryover From Prior Year	0	0	0	
				
Net Excess/ (Shortfall)	$	-	$	23,238	$	43,737	

Fund Balance As Of 9/30/2021	
FY 2021/2022 Activity	
Fund Balance As Of 9/30/2022	

$326,466	
$23,238	
$349,704	

9/2/2022 10:32 AM	I

ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2021/2022 OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET
10/1/21 - 9/30/22	AMENDED FINAL BUDGET
10/1/21 - 9/30/22	YEAR TO DATE ACTUAL
10/1/21 - 8/31/22	
Interest Income	25	11	10	
NAV Tax Collection	538,146	546,403	546,403	
Total Revenues	$	538,171	$	546,414	$	546,413	
				
EXPENDITURES				
Principal Payments	372,000	372,000	372,000	
Interest Payments	161,750	166,753	166,753	
Bond Redemption	4,421	0	0	
Total Expenditures	$	538,171	$	538,753	$	538,753	
				
Excess/ (Shortfall)	$	-	$	7,661	$	7,660	

Fund Balance As Of 9/30/2021	
Projected FY 2021/2022 Activity	
Projected Fund Balance As Of 9/30/2022	

$118,917	
$7,661	
$126,578	

Note*: Revenue Fund Balance = $126,578.
Revenue Fund Balance To Be Used To Make 11/1/2022 Interest Payment Of $78,373.
* 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 9/30/22 =	May 2035

$5,827,000	May 1st & November 1st	

II
9/2/2022 10:32 AM