Title: IAD-SW Final Budget 2026-2027.xlsx
Author: JWalker

Islands At Doral (SW) Community Development District

Final Budget For Fiscal Year 2026/2027
October 1, 2026 - September 30, 2027

CONTENTS

I

FINAL BUDGET

II

DETAILED FINAL BUDGET

III

DETAILED FINAL DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

FINAL BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

78,664

Maintenance Assessments

35,585

Debt Assessments

572,496

Other Revenues

0

Interest Income

1,200

TOTAL REVENUES

$	687,945

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

36,036

Secretarial & Field Operations

6,000

Legal

8,000

Assessment Roll

6,000

Audit Fees

3,700

Insurance

7,900

Legal Advertisements

2,750

Miscellaneous

2,800

Postage

275

Office Supplies

375

Dues & Subscriptions

175

Trustee Fees

4,300

Continuing Disclosure Fee

350

Website Management

2,000

Administrative Contingency

300

TOTAL ADMINISTRATIVE EXPENDITURES

$	86,344

TOTAL EXPENDITURES

$	119,794

REVENUES LESS EXPENDITURES

$	568,151

Bond Payments

(538,146)

BALANCE

$	30,005

County Appraiser & Tax Collector Fee

(13,735)

Discounts For Early Payments

(27,470)

EXCESS/ (SHORTFALL)

$	(11,200)

Carryover From Prior Year

11,200

NET EXCESS/ (SHORTFALL)

$	-

DETAILED FINAL BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

II

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Administrative Assessments

81,110

78,833

78,664

Expenditures Less Interest & Carryover/.94

Maintenance Assessments

30,506

35,585

35,585

Expenditures /.94

Debt Assessments

568,171

572,496

572,496

Payment To Trustee/.94

Other Revenues

0

0

0

Interest Income

12,782

1,080

1,200

Interest Projected At $100 Per Month

TOTAL REVENUES

$	692,569

$	687,994

$	687,945

EXPENDITURES

MAINTENANCE EXPENDITURES

Engineering Report/Inspections

2,530

2,000

2,000

No Change From 2025/2026 Budget

Storm Drain Inlet Maintenance

0

13,000

13,000

No Change From 2025/2026 Budget

Street/Roadway Maintenance - Polynesian Subdivision

18,640

4,200

4,200

No Change From 2025/2026 Budget

Miscellaneous General Maintenance

0

2,650

2,650

No Change From 2025/2026 Budget

Storm Drainage/Class V Permit

0

3,500

3,500

No Change From 2025/2026 Budget

Miscellaneous Stormwater System Maintenance

0

8,100

8,100

No Change From 2025/2026 Budget

TOTAL MAINTENANCE EXPENDITURES

$	21,170

$	33,450

$	33,450

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

2,000

5,000

5,000

No Change From 2025/2026 Budget

Payroll Taxes (Employer)

153

383

383

Supervisor Fees *7.65%

Management

34,080

35,100

36,036

CPI Adjustment

Secretarial & Field Operations

6,000

6,000

6,000

No Change From 2025/2026 Budget

Legal

8,038

7,500

8,000

$500 Increase From 2025/2026 Budget

Assessment Roll

6,000

6,000

6,000

No Change From 2025/2026 Budget

Audit Fees

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

Insurance

6,858

7,400

7,900

Fiscal Year 2025/2026 Expenditure Was $7,269

Legal Advertisements

1,165

3,000

2,750

$250 Decrease From 2025/2026 Budget

Miscellaneous

2,782

2,400

2,800

$400 Increase From 2025/2026 Budget

Postage

173

275

275

No Change From 2025/2026 Budget

Office Supplies

297

400

375

$25 Decrease From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

4,031

4,300

4,300

No Change From 2025/2026 Budget

Continuing Disclosure Fee

350

350

350

No Change From 2025/2026 Budget

Website Management

2,000

2,000

2,000

No Change From 2025/2026 Budget

Administrative Contingency

0

300

300

Administrative Contingency

TOTAL ADMINISTRATIVE EXPENDITURES

$	77,602

$	84,183

$	86,344

TOTAL EXPENDITURES

$	98,772

$	117,633

$	119,794

REVENUES LESS EXPENDITURES

$	593,797

$	570,361

$	568,151

Bond Payments

(538,340)

(538,146)

(538,146)

2027 Principal & Interest Payments

BALANCE

$	55,457

$	32,215

$	30,005

County Appraiser & Tax Collector Fee

(6,353)

(13,738)

(13,735)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(23,451)

(27,477)

(27,470)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	25,653

$	(9,000)

$	(11,200)

Carryover From Prior Year

0

9,000

11,200

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	25,653

$	-

$	-

DETAILED FINAL DEBT SERVICE FUND BUDGET
ISLANDS AT DORAL (SW) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2020 Refunding Bonds Information

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

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

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/26 =

$4,646,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

9,190

1,000

1,500

Projected Interest For 2026/2027

NAV Tax Collection

538,340

538,146

538,146

Maximum Debt Service Collection

Total Revenues

$	547,530

$	539,146

$	539,646

EXPENDITURES

Principal Payments

407,000

416,000

429,000

Principal Payment Due In 2027

Interest Payments

135,926

119,382

108,017

Interest Payments Due In 2027

Bond Redemption

0

3,764

2,629

Estimated Excess Debt Collections

Total Expenditures

$	542,926

$	539,146

$	539,646

Excess/ (Shortfall)

$	4,604

$	-

$	-

Islands At Doral (SW) Community Development District Assessment Comparison

Fiscal Year 2022/2023
	Assessment*	

Fiscal Year 2023/2024
	Assessment*	

Fiscal Year 2024/2025
	Assessment*	

Fiscal Year 2025/2026
	Assessment*	

Fiscal Year 2026/2027
	Projected Assessment*	

Lot Size

23

Administrative
Maintenance Debt 
Total For Lot Size 23

$
$
$

122.98
49.51
713.00

$
$
$

124.45
47.99
713.00

$
$
$

124.36
47.99
713.00

$
$
$

118.73
53.60
713.00

$
$
$

118.48
53.60
713.00

$

885.49

$

885.44

$

885.35

$

885.33

$

885.08

32

Administrative
Maintenance Debt 
Total For Lot Size 32

$
$
$

122.98
49.51
857.00

$
$
$

124.45
47.99
857.00

$
$
$

124.36
47.99
857.00

$
$
$

118.73
53.60
857.00

$
$
$

118.48
53.60
857.00

$

1,029.49

$

1,029.44

$

1,029.35

$

1,029.33

$

1,029.08

35

Administrative
Maintenance Debt 
Total For Lot Size 35

$
$
$

122.98
49.51
905.00

$
$
$

124.45
47.99
905.00

$
$
$

124.36
47.99
905.00

$
$
$

118.73
53.60
905.00

$
$
$

118.48
53.60
905.00

$

1,077.49

$

1,077.44

$

1,077.35

$

1,077.33

$

1,077.08

50

Administrative
Maintenance Debt 
Total For Lot Size 50

$
$
$

122.98
49.51
1,214.00

$
$
$

124.45
47.99
1,214.00

$
$
$

124.36
47.99
1,214.00

$
$
$

118.73
53.60
1,214.00

$
$
$

118.48
53.60
1,214.00

$

1,386.49

$

1,386.44

$

1,386.35

$

1,386.33

$

1,386.08

* 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
120
163
101
664

Thirty Two Foot Lots Thirty Five Foot Lots Fifty Foot Lots
Total Units

IV