Islands At Doral (SW) Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Carryover from prior year of $3,100 was used to reduce Fiscal Year 2024/2025 Assessments. Carryover from prior year of $9,000 to be used to reduce Fiscal Year 2025/2026 Assessments.

I

9/3/2025 10:55 AM

$429,120

$15,473

$444,593

Fund Balance As Of 9/30/2024

FY 2024/2025 Activity

Fund Balance As Of 9/30/2025

REVENUES

FISCAL YEAR 2024/2025 BUDGET 10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Administrative Assessments

82,572

82,572

81,110

Maintenance Assessments

31,862

31,862

30,506

Debt Assessments

572,496

572,496

548,171

Other Revenues

0

0

0

Interest Income

720

11,000

10,792

Total Revenues

$	687,650

$	697,930

$	670,579

EXPENDITURES

Maintenance Expenditures

Engineering Report/Inspections

2,000

2,530

2,530

Storm Drain Inlet Maintenance

13,000

6,500

0

Street/Roadway Maintenance - Polynesian Subdivision

4,200

18,640

18,640

Miscellaneous General Maintenance

2,650

1,325

0

Miscellaneous Stormwater System Maintenance

8,100

4,050

0

Total Maintenance Expenditures

$	29,950

$	33,045

$	21,170

Administrative Expenditures

Supervisor Fees

5,000

2,200

1,200

Payroll Taxes (Employer)

383

172

92

Management

34,080

34,080

31,240

Secretarial & Field Operations

6,000

6,000

5,500

Legal

7,500

8,000

6,428

Assessment Roll

6,000

6,000

0

Audit Fees

3,500

3,500

3,500

Insurance

7,200

6,858

6,858

Legal Advertisements

2,000

2,500

1,165

Miscellaneous

1,900

2,750

2,354

Postage

275

200

167

Office Supplies

425

350

294

Dues & Subscriptions

175

175

175

Trustee Fees

4,350

4,031

4,031

Continuing Disclosure Fee

350

350

0

Website Management

2,000

2,000

1,833

Administrative Contingency

300

300

0

Total Administrative Expenditures

$	81,438

$	79,466

$	64,837

Total Expenditures

$	111,388

$	112,511

$	86,007

EXCESS/ (SHORTFALL)

$	576,262

$	585,419

$	584,572

Bond Payments

(538,146)

(538,146)

(523,340)

Balance

$	38,116

$	47,273

$	61,232

County Appraiser & Tax Collector Fee

(13,739)

(6,800)

(6,354)

Discounts For Early Payments

(27,477)

(25,000)

(23,451)

Excess/ (Shortfall)

$	(3,100)

$	15,473

$	31,427

Carryover From Prior Year

3,100

3,100

0

Net Excess/ (Shortfall)

$	-

$	18,573

$	31,427

AMENDED FINAL BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Note*: Revenue Fund Balance = $163,505.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $62,489.
* Approximate Amounts

Series 2020 Refunding Bonds Information

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =

$6,945,000 2.69%
Jan 2020
May 2035

Annual Principal Payments Due: May 1st
Annual Interest Payments Due: May 1st & November 1st

Par Amount As Of 9/30/25 =

$464,600

II

9/3/2025 10:55 AM

$159,785

$3,720

$163,505

Fund Balance As Of 9/30/2024

Projected FY 2024/2025 Activity

Projected Fund Balance As Of 9/30/2025

REVENUES

FISCAL YEAR 2024/2025 BUDGET
10/1/24 - 9/30/25

AMENDED FINAL BUDGET
10/1/24 - 9/30/25

YEAR TO DATE ACTUAL
10/1/24 - 8/31/25

Interest Income

500

8,500

8,264

NAV Tax Collection

538,146

538,146

508,810

Total Revenues

$	538,646

$	546,646

$	517,074

EXPENDITURES

Principal Payments

407,000

407,000

407,000

Interest Payments

130,452

135,926

135,926

Bond Redemption

1,194

0

0

Total Expenditures

$	538,646

$	542,926

$	542,926

Excess/ (Shortfall)

$	-

$	3,720

$	(25,852)