ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING FEBRUARY 8, 2023
6:30 P.M.

Special District Services, Inc. 8785 SW 165th Avenue, Suite 200
Miami, FL 33193

www.islandsdoralswcdd.org 786.347.2700 ext. 2027 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA ISLANDS AT DORAL (SW)
COMMUNITY DEVELOPMENT DISTRICT
Doral Legacy Park Second Floor Conference Room 11400 NW 82 Terrace
Doral, Florida 33178
REGULAR BOARD MEETING
February 8, 2023
6:30 p.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Discussion Regarding Re-Elected Board Members in Seats #1 and #2; and Administer Oath of Office
Election of Officers
Chairperson
Vice Chairperson
Secretary/Treasurer
Assistance Secretaries

Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
1. September 14, 2022 Regular Board Meeting…	Page 2
Old Business
1. Staff Report, as Required
New Business
Discussion Regarding Stormwater System Cleaning	Page 4
Consider Engineering Updated Rates Request (Alvarez Engineers)	Page 9
Consider Adjustment to District Counsel Fee Structure	Page 11
Consider Resolution No. 2023-01– Adopting a Fiscal Year 2023/2024 Proposed Budget	Page 13
Administrative & Operational Matters
Board Member & Staff Closing Comments
Adjourn

MIAMI-DADE

STATE OF FLORIDA COUNTY OF MIAMI-DADE:

Before the undersigned authority personally appeared MARIA MESA, who on oath says that he or she is the LEGAL CLERK, Legal Notices of the Miami Daily Business Review I/kl a Miami Review, a daily  (except Saturday,  Sunday and Legal Holidays) newspaper, published at Miami in Miami-Dade County, Florida; that the attached copy of advertisement, being a Legal Advertisement of Notice in the matter of

ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT - FISCAL YEAR 2022/2023 REGULAR MEETING SCHEDULE

in the XXXX Court,
was published in said newspaper by print in the issues of and/or by publication on the newspaper's website, if authorized, on

09/30/2022

Affiant further says that the newspaper complies with all legal	::.:JC::--=== .	in  chapter  50,  Florida

St

(SEAL)
MARIA MESA personally known to me

7

;3��

ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
SEPTEMBER 14, 2022

CALL TO ORDER

District Manager Nancy Nguyen called the September 14, 2022, Regular Board Meeting of the Islands at Doral (SW) Community Development District (the “District”) to order at 6:30 p.m. in the Doral Legacy Park Second Floor Conference Room located at 11400 NW 82nd Terrace, Doral, Florida 33178.

PROOF OF PUBLICATION

Ms. Nguyen presented proof of publication that notice of the Regular Board Meeting had been published in the Miami Daily Business Review on October 1, 2021, as part of the District’s Fiscal Year 2021/2022 Regular Meeting Schedule, as legally required.

ESTABLISH A QUORUM

Ms. Nguyen determined that the attendance of Chairman Jairo Zapata, Vice Chairwoman Elizabeth Canchola and Supervisors Gilberto Altuve and Delia Arcelus (who arrived at 6:39 p.m.) constituted a quorum and it was in order to proceed with the meeting.

Staff in attendance included: District Manager Nancy Nguyen of Special District Services, Inc.; and General Counsel Scott Cochran of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO THE AGENDA
There were no additions or deletions to the agenda.

COMMENTS FROM THE PUBLIC FOR ITEMS NOT ON THE AGENDA
There were no comments from the public for items not on the agenda.

APPROVAL OF MINUTES
June 8, 2022, Regular Board Meeting & Public Hearing
Ms. Nguyen presented the minutes of the June 8, 2022, Regular Board Meeting and Public Hearing and asked if there were any changes.

There being no changes, a motion was made by Mr. Zapata, seconded by Ms. Canchola and unanimously passed approving the minutes of the June 8, 2022, Regular Board Meeting and Public Hearing, as presented.

OLD BUSINESS
Staff Report, as Required
There was no old business to discuss at this time.

NEW BUSINESS
Page 1 of 2

Consider Resolution No. 2022-05 – Adopting a Fiscal Year 2021/2022 Amended Budget
Resolution No. 2022-05 was presented, entitled:

RESOLUTION NO. 2022-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2021/2022 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER
189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

Ms. Nguyen read the title into the record and provided an explanation for the document. She indicated that there was an operating fund balance of approximately $349,000 at the end of the fiscal year.

A motion was made by Ms. Canchola, seconded by Mr. Altuve and unanimously passed to adopt Resolution No. 2022-05, as presented, thereby setting the amended/revised budget for the 2021/2022 fiscal year.

ADMINISTRATIVE & OPERATIONAL MATTERS
Statement of Financial Interests/Disclosure 2021 Form 1 Update
Ms. Nguyen informed the Board that all Supervisors had filed their Statement of Financial Interests 2021 Form 1 in a timely manner.

General Election Candidates (Seats 1 & 2; General Election 11/8/22)
Ms. Nguyen reminded the Board that there were two (2) seats up for election this year. Ms. Nguyen stated that Mr. De Cardenas was elected unopposed to his seat (Seat 1) and Ms. Arcelus was also elected unopposed to her seat (Seat 2). Ms. Nguyen further explained that the terms of office for Mr. De Cardenas and Ms. Arcelus would commence on the second Tuesday following the general election (November 22, 2022).

BOARD MEMBER & STAFF CLOSING COMMENTS
Ms. Nguyen stated that unless an emergency were to arise, the next Board Meeting would be held in 2023. There were no comments from Board Members.

ADJOURNMENT
There being no further business to come before the Board, a motion was made by Mr. Altuve, seconded by Ms. Canchola and unanimously passed to adjourn the Regular Board Meeting at 6:44 p.m.

Secretary/Assistant Secretary	Chairperson/Vice Chairperson

Page 2 of 2

PROPOSAL

4122 NE 22nd Court, Homestead, FL 33033 Tel 786-694-0709
E-mail: operations@raptorvac.com www.raptorvac.com
STORM DRAIN MAINTENANCE
PROPOSAL SUBMITTED TO:
Island at Doral SW CDD ℅ SDS, Inc.	PROJECT NAME:
Islands at Doral SW CDD	
BUSINESS ADDRESS:
2501A Burns Road
Palm Beach Gardens, FL 33410	PROJECT LOCATION:
Islands at Doral SW	
CONTACT:
Management	DATE:
January 17, 2023	
We hereby propose to furnish all labor and equipment to complete the work outlined in this proposal in accordance with the Scope of Work listed below.

SCOPE OF WORK: vac-con sewer combination cleaner to clean one hundred and ﬁve (105) storm drain structures as shown in maps provided by management and reinstall four (4) pollution retardant bafﬂes.

Storm drain cleaning 105 X $109.00 = $11,445.00
Bafﬂe reinstallation (new anchors and seals) 4 X $200.00 = $800.00 ($350 additional per bafﬂe for replacement units)

COST: We propose to conduct this work in accordance with the above Scope of Work for the sum of $12,245.00

Twelve Thousand Two Hundred Forty Five Dollars and 00/100 Cents TERMS: Net 30

See Next Page…

ACCEPTANCE: Client hereby accepts and agrees to the terms, Scope of Work, and all other conditions and speciﬁcations hereinabove. Raptor Vac Systems is authorized to perform the work. Payment shall be made in accordance with the provisions contained hereinabove.

Accepted by:

Authorized Representative’s Signature

Date of Acceptance

PO Box 560951 Miami, FL 33256 Phone (305) 270-3233 Fax (305) 259-4214

January 11, 2023

Islands at Doral (SW)	Service Address:
c/o Special District Services, Inc.	NW 77 Ln & NW 114 Ave
2501 A Burns Road	Doral, FL 33178 Palm Beach Gardens, FL 33410
ATTN: Ryan Quiroga

STORM DRAIN CLEANING

(105) Catch Basins

Vacuum pump truck to remove debris from each drain and pit. Pressure jet clean drains pit walls and bottom.
Remove debris from area.

All work is guaranteed to be as specified, and the above work to be performed in accordance with the specifications submitted for above work and completed in a substantial workmanlike manner for the sum of:

Total cost of job for all drains:	Total:	$	12,600.00

(4) Baffles – Re-attach

All work is guaranteed to be as specified, and the above work to be performed in accordance with the specifications submitted for above work and completed in a substantial workmanlike manner for the sum of:

*Total cost of job for re-attaching 4 Baffles:	Total:	$	650.00

Total:	$	13,250.00

With payment to be made at: Terms: COD.

Any alteration or deviation from above specifications involving extra costs will be executed only upon written order, and will become an extra charge over and above the estimate. All agreements contingent upon strikes, accidents, or delays beyond our control.

Sincerely submitted,

Oscar Vinces

ACCEPTANCE OF PROPOSAL
The above prices, specifications and conditions are satisfactory and are hereby accepted. You are authorized to do the work as specified. Payments will be made as outlined above.

Signature: 		Date: 	
Note: Proposal may be withdrawn by us if not accepted within 30 days.

$19,500.00

TOTAL

#3369
Jan 17, 2023
Tue Jan 17, 2023
1:00pm

ESTIMATE
ESTIMATE DATE SCHEDULED DATE

Express Drain and Sewer

The Islands at Doral SW
8250 NW 112th Ct
Doral, FL 33178

CONTACT US

5801 Mayo St
Hollywood, FL 33023

(786) 609-8717
rquiroga@sdsinc.org

(954) 763-2520
accounting@expressservicesfl.com

ESTIMATE		
Services	qty	unit price	amount	
STORM DRAINS - Storm Drain Cleaning - (First 2 Drains)	1.0	$625.00	$625.00	
Storm Drain Plans - Additional Storm Drain (30+)	103.0	$125.00	$12,875.00	
Baffles Replacement
There are 4 structures with damaged baﬄes that need to be installed or replaced.	4.0	$1,500.00	$6,000.00	

Subtotal			

$19,500.00	
Total			$19,500.00	

Thank you for your business!

Express Drain and Sewer CFC019202	http://expressdrainplumbing.com/	1 of 1

Alvarez Engineers

8935 NW 35 Lane, Suite 101Doral, FL 33172
Tel (305) 640-1345
Email Alvarez@AlvarezEng.com Website www.alvarezeng.com

January 24, 2023 Board of Supervisors
Islands at Doral SW Community Development District Attn: District Manager Nancy Nguyen
Special District Services, Inc. 2501 Burns Road
Palm Beach Gardens, FL 33410

Reference: Via:

Islands at Doral SW Community Development District Alvarez Engineers Personnel Billing Rates
Email Only: nnguyen@sdsinc.org

Dear Board of Supervisors,

I would like to respectfully request the Board of Supervisors to consider updating our hourly personnel billing rates and staff classifications to our proposed 2023 rates as shown in the attached table.

if you

have any questions or if you would like to discuss this further.

ff  1'1	),,	1.,illli

Islands at Doral SW COD	
Current 2015 Rates	Proposed 2023 Rates	
Prlnclpal	$	200.00	Principal	$	220.00	
Chief Engineer				
Senior Engineer	$	170.00	Senior Engineer	$	185.00	
Senior Project Engineer	$	150.00	Engineer 2	$	160.00	
Project Manager				
Project EnRineer	$	130.00	Engineer 1	s	140.00	
		Electrical Engineer	$	135.00	
Engineer	$	125.00	Engineer Intern	$	130.00	
CADD	$	95.00	Senior Designer	s	110.00	
		CADD/Computer Technician	$	100.00	
		Senior Engineering Technician	$	95.00	
Engineering Technician	s	85.00	Engineering Technician	$	90.00	
Senior Administrative	s	80.00	Senior Administrative	s	95.00	
Administrative	$	50.00	Administrative	s	60.00	

Staff Classification Principal
Senior Engineer Engineer 2
Engineer 1 Electrical Engineer Engineer Intern Senior Designer
CADD/Computer Technician Senior Engineering Technician Engineering Technician
Senior Administrative Administrative

Definition
Professional Engineer with 20+ years of post registration experienc Professional Engineer with 10+ years of post registration experience Professional Engineer with 5+ years of post registration experience Professional Engineer with 0+ years of post registration experience Electrical Engineer with 2+ years of post-graduate experience
Entry level with engineering degree; Engineering Intern License 15+ years of design experience, non-registered
Design and Drafting with 1+ year of experience 5+ years of experience
Entry level, with 0-4 years of experience
Degreed executive assistant with 8+ years of experience Secretary/ Clerical

LAW OFFICE
BILLI	G, COCHRA	, LYLES, MAURO & RAM	EY, P.A.
ESTABLISHED 1977

DENNIS E. LYLES JOHN W. MAURO
KENNETH W. MORGAN, JR. RICHARDT, WOULFE CAROL J. HEALY GLASGOW MICHAEL J. PAWELCZYK ANDREW A. RIEF
MANUEL R. COMRAS GINGER E. WALD JEFFERY R. LAWLEY SCOTT C. COCHRAN SHAWN B. MCKAMEY ALINE 0. MARCANTONIO JOHN C. WEBBER

LAS OLAS SQUARE, SUITE 600
515 EAST LAS OLAS BOULEVARD FORT LAUDERDALE, FLORIDA 33301
(954) 764-7150
(954) 764·7279 FAX
PGA NATIONAL OFFICE CENTER
300 AVENUE OF THE CHAMPIONS, SUITE 2.70
PALM BEACH GARDENS, FLORIDA 33418
(561) 659·5970
(561) 659·6173 FAX

WWW .BILLINGCOCHRAN.COM PLEASE REPLY TO: FORT LAUDERDALE

CHRISTINE A. BROWN GREGORY F. GEORGE BRAD J. KIMBER

OF COUNSEL

CLARK J. COCHRAN, JR. SUSAN F. DELEGAL SHIRLEY A. DELUNA GERALD L. KNIGHT BRUCE M, RAMSEY

STEVEN F, BILLING (1947·1998)
HAYWARD D. GAY (1943·2007)

January 30, 2023

VIA E-MAIL ONLY- nnguyen@sdsinc.org

Ms. Nancy Nguyen District Manager
Special District Services Inc.
8785 S.W. 165th Avenue Suite 200
Miami FL 33193

Re:	Adjustment to District Counsel Fee Structure
Islands at Doral (SW) Community Development District Our File: 486.02003

Dear Ms. Nguyen:

This firm's current fee structure has been in place since 2011. Although we are certainly mindful of the necessity to keep increases in the District s expenses including the cost of legal services to a numrnum it has become necessary for us to adjust our hourly rates effecti e April I 2023 as follows:

Attorneys/Partners:
Attorneys/Associates:

$275.00 per hour
$225.00 per hour

This hourly fee structure will be adjusted on a periodic basis in connection with the District s budget process no later than every third Fiscal Year to reflect changes in the Consumer Price Index published by the U. S. Department of Labor. The CPI has reflected a 32.4% increase ince the year 2011 and we have not raised our fees during that time.

Ms. Nancy Nguyen January 30, 2023 Page2

Naturally, should you have any questions or require any further infonnation in support ofthis adjustment you should feel free to contact me at your convenience. As I think you are aware we very much appreciate the opportunity to serve as District Counsel as well as your courtesy and cooperation with regard to the necessity of what we believe to be both infrequent and reasonable adjustments to our schedule of profes ional fees.

Very truly yours

SCC/jmp

Scott C. Cochran For the Finn

RESOLUTION NO. 2023-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET AND NON-AD VALOREM SPECIAL ASSESSMENTS FOR FISCAL YEAR 2023/2024; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (the “Board”) of the Islands at Doral (SW) Community Development District (the “District”) is required by Section 190.008(2)(a), Florida Statutes, to approve a Proposed Budget for each fiscal year; and,

WHEREAS, the Proposed Budget including the Assessments for Fiscal Year 2023/2024 has been prepared and considered by the Board.

NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Proposed Budget including the Assessments for Fiscal Year 2023/2024 attached hereto as Exhibit “A” is approved and adopted.

Section 2. A Public Hearing is hereby scheduled for April 12, 2023 at 6:30 p.m. in the Doral Legacy Park Second Floor Conference Room located at 11400 NW 82nd Terrace, Doral, Florida 33178, for the purpose of receiving public comments on the Proposed Fiscal Year 2023/2024 Budget.

PASSED, ADOPTED and BECOMES EFFECTIVE this 8th day of February, 2023.

ATTEST:	ISLANDS AT DORAL (SW)
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairperson/Vice Chairperson

Islands At Doral (SW) Community Development District

Proposed Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

PROPOSED BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024
BUDGET	
Administrative Assessments	 , 3 	
0aintenance Assessments	3 , 	
Debt Assessments	5 ,4 	
Other Revenues	0	
,nterest ,ncome	4 0	
		
TOTAL REVENUES	$	687,470	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
(ngineering Report ,nspections	 ,000	
Storm Drain ,nlet 0aintenance	 3,000	
Street RoadZay 0aintenance Polynesian Subdivision	4, 00	
0iscellaneous *eneral 0aintenance	 , 50	
0iscellaneous StormZater System 0aintenance	 , 00	
TOTAL MAINTENANCE EXPENDITURES	$	29,950	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Ta[es (mployer 	3 3	
0anagement	33,0 	
Secretarial Field Operations	 ,000	
/egal	 ,500	
Assessment Roll	 ,000	
Audit Fees	3, 00	
Arbitrage Rebate Fee	0	
,nsurance	 ,300	
/egal Advertisements	 50	
0iscellaneous	 ,400	
Postage	 50	
Office Supplies	450	
Dues Subscriptions	 5	
Trustee Fees	4,400	
Continuing Disclosure Fee	350	
:ebsite 0anagement	 ,000	
Administrative Contingency	300	
TOTAL ADMINISTRATIVE EXPENDITURES	$	78,154	
		
TOTAL EXPENDITURES	$	108,104	
		
REVENUES LESS EXPENDITURES	$	579,366	
		
%ond Payments	 53 , 4 	
		
BALANCE	$	41,220	
		
County Appraiser Ta[ Collector Fee	 3, 40 	
Discounts For (arly Payments	 ,4 0 	
		
EXCESS/ (S+ORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (S+ORTFALL)	$	-	

DETAILED PROPOSED BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2021/2022 ACTUAL	
FISCAL YEAR 2022/2023 BUDGET	
FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	
Administrative Assessments	82,742	81,653	82,632	Expenditures Less nterest & Carryover/.94	
Maintenance Assessments	32,874	32,872	31,862	Expenditures /.94	
Debt Assessments	572,610	572,496	572,496	Payment To Trustee/.94	
Other Revenues	0	0	0		
 nterest ncome	845	240	480	 nterest ProMected At $400 Per Month	
					
TOTAL REVENUES	$	689,071	$	687,261	$	687,470		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Engineering Report/ nspections	2,375	1,500	2,000	$500 ncrease From 2022/2023 Budget	
Storm Drain nlet Maintenance	6,470	9,000	13,000	$4,000 ncrease From 2022/2023 Budget	
Street/Roadway Maintenance - Polynesian Subdivision	0	4,200	4,200	No Change From 2022/2023 Budget	
Miscellaneous General Maintenance	63	3,600	2,650	$950 Decrease From 2022/2023 Budget	
Miscellaneous Stormwater System Maintenance	0	12,600	8,100	$4,500 Decrease From 2022/2023 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	8,908	$	30,900	$	29,950		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,000	5,000	5,000	No Change From 2022/2023 Budget	
Payroll Taxes (Employer)	153	383	383	Supervisor Fees 7.65 	
Management	31,200	32,136	33,096	CP AdMustment (Capped At 3 )	
Secretarial & Field Operations	6,000	6,000	6,000	No Change From 2022/2023 Budget	
Legal	6,350	7,500	7,500	No Change From 2022/2023 Budget	
Assessment Roll	6,000	6,000	6,000	No Change From 2022/2023 Budget	
Audit Fees	3,700	3,800	3,900	$100 ncrease From 2022/2023 Budget	
Arbitrage Rebate Fee	0	650	0	No Longer Required (Due To Elimination Of Reserve Fund)	
 nsurance	5,706	6,000	6,300	 nsurance Estimate	
Legal Advertisements	499	650	650	No Change From 2022/2023 Budget	
Miscellaneous	1,352	900	1,400	$500 ncrease From 2022/2023 Budget	
Postage	216	250	250	No Change From 2022/2023 Budget	
Office Supplies	196	500	450	$50 Decrease From 2022/2023 Budget	
Dues & Subscriptions	175	175	175	No Change From 2022/2023 Budget	
Trustee Fees	4,031	4,400	4,400	No Change From 2022/2023 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2022/2023 Budget	
Website Management	2,000	2,000	2,000	No Change From 2022/2023 Budget	
Administrative Contingency	0	300	300	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	69,928	$	76,994	$	78,154		
					
TOTAL EXPENDITURES	$	78,836	$	107,894	$	108,104		
					
REVENUES LESS EXPENDITURES	$	610,235	$	579,367	$	579,366		
					
Bond Payments	(546,403)	(538,146)	(538,146)	2024 P & Payments Less Earned nterest	
					
BALANCE	$	63,832	$	41,221	$	41,220		
					
County Appraiser & Tax Collector Fee	(6,634)	(13,740)	(13,740)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(24,827)	(27,481)	(27,480)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	32,371	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	32,371	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2021/2022 ACTUAL	FISCAL YEAR 2022/2023 BUDGET	FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	

 nterest ncome	
11	
25	
100	
ProMected nterest For 2023/2024	

NA9 Tax Collection	
546,403	
538,146	
538,146	
Maximum Debt Service Collection	

Total Revenues	
$	546,414	
$	538,171	
$	538,246		

EXPENDITURES					

Principal Payments	
372,000	
382,000	
392,000	
Principal Payment Due n 2024	

 nterest Payments	
166,753	
151,608	
141,198	
 nterest Payments Due n 2024	

Bond Redemption	
0	
4,563	
5,048	
Estimated Excess Debt Collections	

Total Expenditures	
$	538,753	
$	538,171	
$	538,246		

Excess/ (Shortfall)	
$	7,661	
$	-	
$	-		

Series 2020 Refunding Bonds Information

Original Par Amount =	$6,945,000	Annual Principal Payments Due =	May 1st	
 nterest Rate =	2.69%	Annual nterest Payments Due =	May 1st & November 1st	
 ssue Date =	January 2020			
Maturity Date =

Par Amount As Of 1/1/23 =	May 2035

$5,827,000			

Islands At Doral (SW) Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year
Lot	ProMected	2020/2021	2021/2022	2022/2023	2023/2024
Si]e		Assessment*	 	Assessment*	 	Assessment*	 	Assessment*	 	ProMected Assessment	

23	Administrative	$	-	$	123.13	$	123.06	$	122.98	$	124 45	
	Maintenance	$	-	$	49.51	$	49.51	$	49.51	$	47 99	
Debt	$	- 	$	713.00	$	713.00	$	713.00	$	713 00	
Total For Lot Si]e 23	$	1,062 50	$	885 64	$	885 57	$	885 49	$	885 44	

32	Administrative	$	-	$	123.13	$	123.06	$	122.98	$	124 45	
	Maintenance	$	-	$	49.51	$	49.51	$	49.51	$	47 99	
Debt	$	- 	$	857.00	$	857.00	$	857.00	$	857 00	
Total For Lot Si]e 32	$	1,250 00	$	1,029 64	$	1,029 57	$	1,029 49	$	1,029 44	

35	
Administrative	
$	
-	$	123.13	
$	
123.06	
$	
122.98	
$	
124 45	
	Maintenance	$	-	$	49.51	$	49.51	$	49.51	$	47 99	

Debt

$	- 	$	905.00

$	905.00

$	905.00

$	905 00

Total For Lot Si]e 35	$

1,312 50	$

1,077 64	$

1,077 57	$

1,077 49	$

1,077 44

50	Administrative	$	-	$	123.13	$	123.06	$	122.98	$	124 45	
	Maintenance	$	-	$	49.51	$	49.51	$	49.51	$	47 99	

Debt

$	- 	$	1,214.00

$	1,214.00

$	1,214.00

$	1,214 00

Total For Lot Si]e 50	$

1,750 00	$

1,386 64	$

1,386 57	$

1,386 49	$

1,386 44

* Assessments nclude the Following 		
4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee		
Community nformation 		
Twenty Three Foot Lots	280	
Thirty Two Foot Lots	120	
Thirty Five Foot Lots	163	
Fifty Foot Lots	101	
Total Units	664