Islands At Doral (SW) Community Development District

Final Budget For Fiscal Year 2025/2026
October 1, 2025 - September 30, 2026

CONTENTS

FINAL BUDGET

DETAILED FINAL BUDGET

DETAILED FINAL DEBT SERVICE FUND BUDGET

ASSESSMENT COMPARISON

FINAL BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026
BUDGET	
Administrative Assessments	78,833	
Maintenance Assessments	35,585	
Debt Assessments	572,496	
Other Revenues	0	
Interest Income	1,080	
TOTAL REVENUES	$	687,994	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Engineering Report/Inspections	2,000	
Storm Drain Inlet Maintenance	13,000	
Street/Roadway Maintenance - Polynesian Subdivision	4,200	
Miscellaneous General Maintenance	2,650	
Storm Drainage/Class V Permit	3,500	
Miscellaneous Stormwater System Maintenance	8,100	
TOTAL MAINTENANCE EXPENDITURES	$	33,450	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	383	
Management	35,100	
Secretarial & Field Operations	6,000	
Legal	7,500	
Assessment Roll	6,000	
Audit Fees	3,600	
Insurance	7,400	
Legal Advertisements	3,000	
Miscellaneous	2,400	
Postage	275	
Office Supplies	400	
Dues & Subscriptions	175	
Trustee Fees	4,300	
Continuing Disclosure Fee	350	
Website Management	2,000	
Administrative Contingency	300	
TOTAL ADMINISTRATIVE EXPENDITURES	$	84,183	
		
TOTAL EXPENDITURES	$	117,633	
		
REVENUES LESS EXPENDITURES	$	570,361	
		
Bond Payments	(538,146)	
		
BALANCE	$	32,215	
		
County Appraiser & Tax Collector Fee	(13,738)	
Discounts For Early Payments	(27,477)	
		
EXCESS/ (SHORTFALL)	$	(9,000)	
		
Carryover From Prior Year	9,000	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2023/2024 ACTUAL	
FISCAL YEAR 2024/2025 BUDGET	
FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	
Administrative Assessments	84,589	82,572	78,833	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	31,685	31,862	35,585	Expenditures /.94	
Debt Assessments	572,609	572,496	572,496	Payment To Trustee/.94	
Other Revenues	0	0	0		
Interest Income	14,189	720	1,080	Interest Projected At $90 Per Month	
TOTAL REVENUES	$	703,072	$	687,650	$	687,994		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Engineering Report/Inspections	1,100	2,000	2,000	No Change From 2024/2025 Budget	
Storm Drain Inlet Maintenance	9,500	13,000	13,000	No Change From 2024/2025 Budget	
Street/Roadway Maintenance - Polynesian Subdivision	1,219	4,200	4,200	No Change From 2024/2025 Budget	
Miscellaneous General Maintenance	0	2,650	2,650	No Change From 2024/2025 Budget	
Storm Drainage/Class V Permit	0	0	3,500	New Requirement In Miami-Dade County	
Miscellaneous Stormwater System Maintenance	0	8,100	8,100	No Change From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	11,819	$	29,950	$	33,450		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,000	5,000	5,000	No Change From 2024/2025 Budget	
Payroll Taxes (Employer)	153	383	383	Supervisor Fees *7.65%	
Management	33,096	34,080	35,100	CPI Adjustment	
Secretarial & Field Operations	6,000	6,000	6,000	No Change From 2024/2025 Budget	
Legal	7,110	7,500	7,500	No Change From 2024/2025 Budget	
Assessment Roll	6,000	6,000	6,000	No Change From 2024/2025 Budget	
Audit Fees	3,400	3,500	3,600	Accepted Amount For 2024/2025 Audit	
Insurance	6,594	7,200	7,400	Fiscal Year 2024/2025 Expenditure Was $6,858	
Legal Advertisements	2,644	2,000	3,000	Costs Have Increased Due To Closing Of The Miami Business Review	
Miscellaneous	2,473	1,900	2,400	$500 Increase From 2024/2025 Budget	
Postage	165	275	275	No Change From 2024/2025 Budget	
Office Supplies	282	425	400	$25 Decrease From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	No Change From 2024/2025 Budget	
Trustee Fees	4,031	4,350	4,300	$50 Decrease From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	No Change From 2024/2025 Budget	
Administrative Contingency	0	300	300	Administrative Contingency	
TOTAL ADMINISTRATIVE EXPENDITURES	$	76,473	$	81,438	$	84,183		
					
TOTAL EXPENDITURES	$	88,292	$	111,388	$	117,633		
					
REVENUES LESS EXPENDITURES	$	614,780	$	576,262	$	570,361		
					
Bond Payments	(546,402)	(538,146)	(538,146)	2026 Principal & Interest Payments	
					
BALANCE	$	68,378	$	38,116	$	32,215		
					
County Appraiser & Tax Collector Fee	(6,631)	(13,739)	(13,738)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(24,837)	(27,477)	(27,477)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	36,910	$	(3,100)	$	(9,000)		
					
Carryover From Prior Year	0	3,100	9,000	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	36,910	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	FISCAL YEAR 2023/2024 ACTUAL	FISCAL YEAR 2024/2025 BUDGET	FISCAL YEAR 2025/2026 BUDGET	

COMMENTS	

Interest Income	
11,386	
500	
1,000	
Projected Interest For 2025/2026	

NAV Tax Collection	
546,402	
538,146	
538,146	
Maximum Debt Service Collection	

Total Revenues	
$	557,788	
$	538,646	
$	539,146		

EXPENDITURES					

Principal Payments	
392,000	
407,000	
416,000	
Principal Payment Due In 2026	

Interest Payments	
146,471	
130,452	
119,382	
Interest Payments Due In 2026	

Bond Redemption	
0	
1,194	
3,764	
Estimated Excess Debt Collections	

Total Expenditures	
$	538,471	
$	538,646	
$	539,146		

Excess/ (Shortfall)	
$	19,317	
$	-	
$	-		

Series 2020 Refunding Bonds Information

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

Par Amount As Of 1/1/25 =	May 2035

$5,053,000			

Islands At Doral (SW) Community Development District Assessment Comparison

	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Lot		2021/2022	2022/2023	2023/2024	2024/2025	2025/2026	
Size			Assessment*			Assessment*			Assessment*			Assessment*			Projected Assessment*		
23	Administrative	$	123.06	$	122.98	$	124.45	$	124.36	$	118.73	
	Maintenance	$	49.51	$	49.51	$	47.99	$	47.99	$	53.60	
	Debt	$	713.00	$	713.00	$	713.00	$	713.00	$	713.00	
	Total For Lot Size 23	
$	885.57	
$	885.49	
$	885.44	
$	885.35	
$	885.33	
32	Administrative	$	123.06	$	122.98	$	124.45	$	124.36	$	118.73	
	Maintenance	$	49.51	$	49.51	$	47.99	$	47.99	$	53.60	
	Debt	$	857.00	$	857.00	$	857.00	$	857.00	$	857.00	
	Total For Lot Size 32	
$	1,029.57	
$	1,029.49	
$	1,029.44	
$	1,029.35	
$	1,029.33	
35	Administrative	$	123.06	$	122.98	$	124.45	$	124.36	$	118.73	
	Maintenance	$	49.51	$	49.51	$	47.99	$	47.99	$	53.60	
	Debt	$	905.00	$	905.00	$	905.00	$	905.00	$	905.00	
	Total For Lot Size 35	
$	1,077.57	
$	1,077.49	
$	1,077.44	
$	1,077.35	
$	1,077.33	
50	Administrative	$	123.06	$	122.98	$	124.45	$	124.36	$	118.73	
	Maintenance	$	49.51	$	49.51	$	47.99	$	47.99	$	53.60	
	Debt	$	1,214.00	$	1,214.00	$	1,214.00	$	1,214.00	$	1,214.00	
	Total For Lot Size 50	
$	1,386.57	
$	1,386.49	
$	1,386.44	
$	1,386.35	
$	1,386.33	

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

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