ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING OCTOBER 7, 2020
7:00 P.M.

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

www.islandsatdoralnecdd.org 786.347.2711 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA ISLANDS AT DORAL (NE)
COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
October 7, 2020
7:00 p.m.
DORAL LEGACY PARK – 2ND FLOOR CONFERENCE ROOM 11400 NW 82ND STREET
DORAL, FLORIDA 33178 OR
TO JOIN BY VIDEO ACCESS AT:
https://us02web.zoom.us/j/88525430998
MEETING ID: 885 2543 0998
DIAL IN: 1-929-436-2866

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Acceptance of Resignation for Mariano J. Marquez holding Seat #2	Page 3
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
August 5, 2020 Regular Board Meeting & Public Hearing…	Page 4
Old Business
New Business
Consider Resolution No. 2020-04 – Ratifying and Approving Actions Taken by the Board
Pursuant to Executive Order No. 20-69, as Amended and Extended…	Page 8
Consider Resolution No. 2020-05 – Adopting a Fiscal Year 2019/2020 Amended Budget…	Page 12
Administrative Matters
Financial Update.	Page 17
Financial Risk Management Policy Review/Update.	Page 21
Board Member/Staff Comments and Requests
Adjourn

Miami Daily Business Review
Sept. 29, 2020
Miscellaneous Notices

NOTICE OF ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT BOARD OF SUPERVISORS' REGULAR BOARD MEETING

NOTICE IS HEREBY GIVEN that the Islands at Doral (NE) Community Development District (the "District") will hold a regular meeting (the "Meeting") of its Board of Supervisors (the "Board") on October 7, 2020, at 7:00 p.m. at Doral Legacy Park located at 11400 NW 82nd Street, Doral, Florida 33178, for the necessary public purpose of considering District related items as noted on the agenda. At such time the Board is so authorized and may consider any business that may properly come before it.

It is anticipated that the meeting will take place at the location above. In the event that the COVID-19 public health emergency prevents the hearing and meeting from occurring in-person, the District may conduct the meeting by telephone or video conferencing communications media technology pursuant to governmental orders, including but not limited to Executive Orders 20-52, 20-69, and 20-193, issued by Governor DeSantis, and any extensions or supplements thereof, and pursuant to Section 120.54(5)(b)2., Florida Statutes.

While it may be necessary to hold the above referenced meeting utilizing communications media technology due to the currentCOVID-19 public health emergency, the District fully encourages public participation in a safe and efficient manner. To that end, anyone wishing to listen to and/or participate in the meeting can do so telephonically and video conferencing as follows:

Join by URL for VIDEO ACCESS at: https://us02web.zoom.us/j/88525430998

OR

Call In at: 1-929-436-2866

Meeting ID: 885 2543 0998

Participants are strongly encouraged to submit questions and comments to the District Manager's Office (gperez@sdsinc.org) by 5:00 p.m. on October 1, 2020, in advance of the meeting to facilitate the Board's consideration of such questions and comments during the meeting.

A copy of the agenda for the Meeting may be obtained at the offices of the District Manager, c/o Special District Services, Inc., at (561) 630-4922 or gperez@sdsinc.org

(the "District Manager's Office") during normal business hours. The Meeting is open to the public and will be conducted in accordance with the provisions of Florida law for special districts. The Meeting may be continued to a date, time, and place to be specified on the record at the Meeting.

Any person requiring special accommodations in order to access and participate in the Meeting because of a disability or physical impairment should contact the District Manager's Office at least forty-eight (48) hours prior to the Meeting. If you are hearing or speech impaired, please contact the Florida Relay Service by dialing 7-1-1, or 1-800- 955-8771 (TTY) / 1-800-955-8770 (Voice), for aid in contacting the District Manager's Office.

Anyone requiring assistance in order to obtain access to the telephonic, video conferencing, or other communications media technology being utilized to conduct this Meeting should contact the District Manager's Office at least forty-eight (48) hours prior to the Meeting. Similarly, any person requiring or that otherwise may need assistance accessing or participating in this Meeting because of a disability or physical impairment is strongly encouraged to contact the District Manager's Office at least forty-eight (48) hours in advance so that arrangements may be made.

Each person who decides to appeal any decision made by the Board with respect to any matter considered at the Meeting is advised that person will need a record of proceedings and that accordingly, the person may need to ensure that a verbatim record of the proceedings is made, including the testimony and evidence upon which such appeal is to be based.

District Manager

ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT

www.islandsdoralnecdd.org 9/29 20-04/0000489776M

September 29, 2020

Board of Supervisors
Island at Doral (NE) Community Development District c/o Special District Services, lnc.J
8785 SW 165th Avenue
Suite 200
Miami, FL 33193

RE: Resignation Letter

Dear Board of Supervisors,
Please be advised that I, Mariano J Marquez, am resigning my position as Board Member and Officer holding Seat #2 of the Islands at Doral (NE) Community Development District Board of Supervisors effective as of September 29, 2020.

/ 		G> 
Mariano J. Marquez
8513 NW 111th Court, Doral, FL 33178 generalmm@msn.com

Scanned wmth

Page 3
Cam Scanne r

ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT PUBLIC HEARING & REGULAR BOARD MEETING
TO JOIN BY URL FOR VIDEO ACCESS AT:
https://us02web.zoom.us/j/81934947772
MEETING ID: 819 3494 7772
OR TO JOIN BY PHONE FOR TELEPHONIC ACCESS AT: DIAL: 1-929-436-2866
AUGUST 5, 2020

CALL TO ORDER

The August 5, 2020, Regular Board Meeting of the Islands at Doral (NE) Community Development District was called to order at 7:04 p.m. via Zoom.

PROOF OF PUBLICATION

Proof of publication was presented that notice of the Regular Board Meeting had been published in the
Miami Daily Business Review on July 21, 2020, and July 28, 2020, as legally required.

Pursuant to and as reported by the Centers for Disease Control and World Health Organization, COVID- 19 can spread from person-to-person through small droplets from the nose or mouth, including when an individual coughs or sneezes. It is thereby recommended that we, as a community, practice social distancing.

In consideration of the safety of all and under the Governor’s Executive Order 20-69, and as extended by Executive Order 20-112, there is a temporary suspension of the statutory requirement that a quorum be present in person at a specific public place, and authorizing the use of media technology, such as telephonic and video conferencing, as provided in Section 120.54(5)(b)2, Florida Statutes. The Executive Order does not waive any other requirement of Florida’s Constitution or Florida’s Government-in-the-Sunshine Laws.

As such to join said meeting the following information was advertised and posted on the District’s website:

Due to the COVID-19 public health emergency, the August 5, 2020, meeting is being held utilizing communications media technology:

Join Zoom Meeting: https://us02web.zoom.us/j/81934947772

Meeting ID: 819 3494 7772

Dial In Phone Number: 1 929 436 2866

ESTABLISH A QUORUM

It was determined that the virtual attendance of Chairman Jesus Arias, Vice Chairman Nestor Garcia and Supervisor Dunia Cuneo constituted a quorum and it was in order to proceed with the meeting.

Staff in virtual attendance included: District Manager Gloria Perez of Special District Services, Inc.; and General Counsel Ginger Wald of Billing, Cochran, Lyles, Mauro & Ramsey, P.A.

ADDITIONS OR DELETIONS TO THE AGENDA

There were no additions or deletions to that 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 3, 2020, Regular Board Meeting

The June 3, 2020, Regular Board Meeting minutes were presented for approval.

A MOTION was made by Supervisor Cuneo, seconded by Supervisor Arias and unanimously passed approving the minutes of the June 3, 2020, Regular Board Meeting, as presented.

Mrs. Perez then recessed the Regular Board Meeting and opened the Public Hearing.

PUBLIC HEARING
Proof of Publication

Proof of publication was presented that notice of the Public Hearing had been published in the Miami Daily Business Review on July 21, 2020, and July 28, 2020, as legally required.

Receive Public Comment on the Fiscal Year 2020/2021 Final Budget

Mrs. Perez opened the public comment portion of the Public Hearing to receive comments from the public on the fiscal year 2020/2021 final budget and non-ad valorem special assessments.

There being no further Final Budget and assessments business to conduct, Mrs. Perez adjourned the Public Hearing and simultaneously reconvened the Regular Board Meeting.

Consider Resolution No. 2020-02 – Adopting a Fiscal Year 2020/2021 Final Budget

Mrs. Perez presented Resolution No. 2020-02, entitled:

RESOLUTION NO. 2020-02

A RESOLUTION OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT ADOPTING A FISCAL YEAR 2020/2021 BUDGET.

Mrs. Perez read the title of the resolution into the record and indicated that it provides for approving and adopting the fiscal year 2020/2021 Final Budget and the non-ad valorem special assessments.

A MOTION was made by Supervisor Garcia, seconded by Supervisor Cuneo and unanimously passed to adopt Resolution No. 2020-02, approving the Fiscal Year 2020/2021 Final Budget, as presented and setting the fiscal year 2020/2021 Final Budget and non-ad valorem special assessment tax roll (Assessment Levy).

OLD BUSINESS

There were no Old Business items to come before the Board.

NEW BUSINESS
Consider Resolution No. 2020-03 – Adopting a Fiscal Year 2020/2021 Meeting Schedule

Mrs. Perez presented Resolution No. 2020-03, entitled:

RESOLUTION NO. 2020-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2020/2021 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDING AN EFFECTIVE DATE.

Mrs. Perez noted that meetings would remain at the same location of Doral Legacy Park, 2nd Floor Conference Room, located at 11400 NW 82nd Street, Doral, Florida 33178, with the start time of 11:00
a.m. on the following days:

October 7, 2020
February 3, 2021
April 7, 2021
June 9, 2021*
August 4, 2021

*Change of 1st Wednesday of the month to accommodate the Final Budget PH 60 day requirement

A MOTION was made by Supervisor Garcia, seconded by Supervisor Cuneo and unanimously passed to adopt Resolution No. 2020-03, approving the Regular Meeting Schedule for Fiscal Year 2020-2021, holding Regular Meetings in Doral Legacy Park, 2nd Floor Conference Room, located at 11400 NW 82nd Street, Doral, Florida 33178, with the start time of 7:00 p.m.; and further authorizes the advertisement of same, as required by law.

ADMINISTRATIVE MATTERS
Financial Update

Mrs. Perez presented the financials in the meeting book and briefly reviewed them. She pointed out that the available fund as of June 30, 2020, were $105,440.14

Receive and Accept the Alvarez Engineering 2020 Annual Engineer’s Report

A MOTION was made by Supervisor Cuneo, seconded by Supervisor Arias, and passed unanimously receiving and accepting the Alvarez Engineering 2020 Annual Engineer’s Report, as presented.

Update from the Miami-Dade County Supervisor of Elections’ 2020 Qualifying Candidates

Mrs. Perez advised the Board, pursuant to the Miami-Dade County Supervisor of Elections’ website, the following incumbents did not qualify nor does it appear that anyone has qualified for the following seats currently held by:

AS	Seat 3 VACANT	Expires 2020	
V-CHR	Seat 4 Nestor Garcia	Expires 2020 appointed on 04/05/2017	

Since no one qualified for Seats 3 and 4, vacancies will be declared and the current Seat holders must serve for up to 90 days from November 20th. Within that period a qualified elector of the District should be appointed to the vacant seats. A current incumbent can be re-appointed.

Update on Statement of Financial Interests – 2019 Form 1

Mrs. Perez noted, pursuant to the Public Ethics State of Florida website http://public.ethics.state.fl.us/search.cfm#org all of the Board Members had submitted the required Form 1 in a timely manner, with the exception to Mariano Marquez, who previously held Seat #2. Mrs. Perez noted that she had contacted Mr. Marquez to advise him to contact both the local Supervisor of Elections and Ethics department.

BOARD MEMBER/STAFF COMMENTS

There were no Board Member/Staff closing comments.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Supervisor Arias, seconded by Supervisor Cuneo and passed unanimously adjourning the Regular Board Meeting at 7:19 p.m.

ATTEST:

Secretary/Assistant Secretary	Chairman/Vice-Chair

RESOLUTION 2020-04

A RESOLUTION BY THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT RATIFYING AND APPROVING ACTIONS TAKEN BY THE BOARD OF SUPERVISORS AT MEETINGS HELD VIA MEDIA COMMUNICATIONS TECHNOLOGY PURSUANT TO EXECUTIVE ORDER NO. 20-69, AS AMENDED AND EXTENDED, AS A RESULT OF THE COVID-19 PANDEMIC

WHEREAS, the COVID-19 pandemic has significantly impacted the Islands at Doral (NE) Community Development District (the “District”) and those residing and owning property within the boundaries of the District; and
WHEREAS, on March 1, 2020, Governor Ron DeSantis (the “Governor”) issued Executive Order No. 20-51, directing the Florida Department of Health to issue a Public Health Emergency; and
WHEREAS, on March 1, 2020, the State Surgeon General and State Health Officer declared a Public Health Emergency exists in the State of Florida as a result of COVID-19; and
WHEREAS, on March 9, 2020, the Governor issued Executive Order No. 20-52, declaring a state of emergency for the entire State of Florida as a result of COVID-19; and
WHEREAS, in a series of actions in March 2020, President Donald Trump, the Centers for Disease Control and Prevention (the “CDC”), and the White House Coronavirus Task Force have issued guidance advising individuals to adopt far-reaching social distancing measures recommending restrictions on mass gatherings and congregations, including public meetings; and

WHEREAS, on March 20, 2020, the Governor issued Executive Order No. 20-69 temporarily suspending the statutory requirement that a quorum be present in person at a specific public place, authorizing the use of media communications technology, such as telephonic and video conferencing, as provided in Section 120.54(5)(b)2, Florida Statutes; and
WHEREAS, Executive Order No. 20-69 was amended and extended by subsequent Executive Orders of Governor Ron DeSantis, including Executive Order No. 20-112, Executive Order No. 20-123, Executive Order No. 20-139, Executive Order No. 20-150, Executive Order No. 20-179 and Executive Order 20-193, which extended the temporary suspension of the statutory requirement that a quorum be present at a specific place and authorizing the use of media communications technology, until 12:01 a.m. on October 1, 2020; and
WHEREAS, on March 24, 2020, the Governor issued Executive Order No. 20-83, directing the State of Florida Surgeon General and State Health Officer to issue a public health advisory urging the public to avoid all social and recreational gatherings of ten or more people and urging those can work remotely to do so; and
WHEREAS, the Governor, on April 3, 2020, issued Executive Order No. 20-91 (later amended by Executive Order 20-92), directing that all persons in Florida shall limit their movements and personal interactions outside their home to those necessary to obtain or provide essential services or to conduct essential activities; and
WHEREAS, on June 3, 2020, and on August 5, 2020, the District Board of Supervisors met, pursuant to and under the authority of Executive Order No. 20-69, as amended and extended, utilizing media communications technology; and

WHEREAS, the District Board of Supervisors intends to ratify and approve those actions taken by the District Board of Supervisors at its meetings held via media communications technology on June 3, 2020, and on August 5, 2020; and
WHEREAS, due to the COVID-19 pandemic and the health concerns associated with securing signatures on certain instruments necessary for the District to conduct business, including, but not limited to, agreements, proposals, resolutions, and approved meeting minutes, in accordance with the authority granted in Chapter 668, Florida Statutes, the District may have utilized DocuSign or other acceptable electronic signature software to secure signatures the proper District officials; and
WHEREAS, the Board hereby finds and determines that the use of DocuSign or other acceptable electronic signature software pursuant to Chapter 668, Florida Statutes, if any, between March 1, 2020 and September 30, 2020, was necessary to properly conduct the business of the District.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.	The above recitals are true and correct and incorporated herein as if set

forth  in  full  herein.	The Executive Orders referenced herein are incorporated herein by reference.
Section 2.	Those actions taken by District staff and members of the Board of

Supervisors since March 1, 2020, are hereby ratified and approved.

Section 3.	Those actions taken by the District Board of Supervisors at its meetings

held pursuant to the authority of the Governor’s Executive Order No. 20-69, as amended and

extended, via media communications technology on June 3, 2020, and on August 5, 2020, are hereby ratified and approved.
Section 4.	Any use by the District between March 1, 2020 and September 30, 2020

of DocuSign or other acceptable electronic signature software pursuant to Chapter 668, Florida Statutes, in order to secure the signature(s) of the proper District officials on those instruments necessary for the District to conduct business, including, but not limited to, agreements, proposals, resolutions, and approved meeting minutes, is hereby ratified and approved.
Section 5. All sections, or parts thereof, which conflict herewith, are, to the extent of

such conflict, superseded and repealed. In the event that any portion of this Resolution is found to be unconstitutional or improper, it shall be severed herein and shall not affect the validity of the remaining portions of this Resolution.
Section 6. This Resolution shall take effect immediately upon its adoption.

PASSED AND ADOPTED this 7 day of October, 2020, by the Board of Supervisors of the Century Parc Community Development District.

ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT

Print Name: 		Print Name:   	
Secretary/Assistant Secretary	Chair/Vice Chair

RESOLUTION NO. 2020-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2019/2020 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Islands at Doral (NE) Community Development District (“District”) is empowered to provide a funding source and to impose special assessments upon the properties within the District; and,

WHEREAS, the District has prepared for consideration and approval an Amended Budget.

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

Section 1. The Amended Budget for  Fiscal  Year  2019/2020  attached  hereto  as  Exhibit “A” is hereby approved and adopted.

Section 2.   The Secretary/Assistant Secretary of the District is authorized to execute   any and all necessary transmittals, certifications or other acknowledgements or writings, as necessary, to comply with the intent of this Resolution.

PASSED, ADOPTED and EFFECTIVE this 7th day of October, 2020.

ATTEST:	ISLANDS AT DORAL (NE)
COMMUNITY DEVELOPMENT DISTRICT

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

Islands At Doral (NE) Community Development District

Amended Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET

AMENDED FINAL BUDGET
ISLANDS AT DORAL NE COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2 2 2 OCTOBER 2 SEPTEMBER 2 2 

REVENUES	FISCAL YEAR
2 2 2 BUDGET
               2 	AMENDED FINAL BUDGET
               2 	YEAR  TO DATE ACTUAL
               2 	
Ad r A          	     2	      	   9  	
            A          	     	     	     	
     A          	     2 	     2 	     2 	
    r          	   	     	   	
				
TOTAL REVENUES	$	6 622	$	622    	$	62     	
				
EXPENDITURES				
MAINTENANCE EXPENDITURES				
            C          	     	     	 	
       r /           	     	   	9  	
TOTAL MAINTENANCE EXPENDITURES	$	     	$	6 6  	$	   	
				
ADMINISTRATIVE EXPENDITURES				
    r r F   	     	     	     	
   r T r 	   	   	   	
          	29    	2     	2 99 	
   r r   	  2  	  2  	     	
     	9    	6    	     	
A R   	     	     	 	
A d F   	     	     	     	
Ar r R F  	   	6  	   	
    r    	     	  2  	  2  	
      Ad r         	   	   	   	
             	     	   	   	
       	2  	6 	  	
Off            	 2 	   	 2 	
            r       	   	   	   	
Tr F   	     	     	     	
C r F  	   	   	 	
                  	2    	2    	     	
TOTAL ADMINISTRATIVE EXPENDITURES	$	      	$	66 6  	$	6	
				
TOTAL EXPENDITURES	$	2    	$	2	$	6 2  	
				
REVENUES LESS EXPENDITURES	$	6    	$	6	$	6     	
				
B d         	  2 2   	      62 	       2 	
				
BALANCE	$	2 66 	$	      	$	2  	
				
C A r r T C r F  	      2 	 6     	       	
          F r r           	 22 92  	 2 66 	 2      	
				
EXCESS S ORTFALL 	$	2 2  	$	2 	$	     	
				
C rr r Fr r r Y r	2 2 	2 2 	 	
				
NET EXCESS S ORTFALL 	$	 	$	      	$	     	

FUN BA ANC A OF 9/ / 9	
FY 2 9/2 2 ACT V TY	
FUN BA ANC A OF 9/ /2 	

$ 2 	
 $ 9 2 	
$ 9    	

Notes
C rr r Fr r r Y r Of $2 2 w d r d F Y r 2 9/2 2 A .
$2 Of F d B T B U d T R d 2 2 /2 2 A .

AMENDED FINAL BUDGET
ISLANDS AT DORAL NE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2 2 2 OCTOBER 2 SEPTEMBER 2 2 

REVENUES	FISCAL YEAR
2 2 2 BUDGET
               2 	AMENDED FINAL BUDGET
               2 	YEAR  TO DATE ACTUAL
               2 	

    r          	

   	

NAV T C         	
 2 2  	
     62	
      2	

Total Revenues	
$	2     	
$	       	
$	2	

EXPENDITURES				

 r                	
2      	
2      	
2      	

    r            	
    2  	
 6 6 	

Add r                	
      2	

Total Expenditures	
$	2     	
$	22 6 	
$	22 6 	

Ex ess S ortfall 	
$	 	
$	2  	
$	2 2	

FUN BA ANC A OF 9/ / 9	

FY 2 9/2 2 ACT V TY	

FUN BA ANC A OF 9/ /2 	

$ 2  	

$ 2  	

$ 9 9 	

N    
R r F d B = $22 *. R F d B = $2 9 *.
R F d B T B U d T k / /2 2 r Of $ d
   r rd r r Of $ .
* A r A      

Series 2 Bond Refunding Information		
Or r A =	$ 92     	A r                     	
    r R =	 . %	       	
           =	A r 2   	A r                 	
    r =	    2 29*	          N r    	
  r A A Of / /2 =	$         		

*Or r A 2 29 $2 22     
*C rr r A 2 29 $ 9     

Islands At Doral (NE) Community Development District

Financial Report For August 2020

Islands at Doral (NE) Community Development District
Budget vs. Actual
October 2019 through August 2020

	Oct '19 - Aug 20		19/20 Budget		$ Over Budget		% of Budget	
Income								
363.100 · Admin Assessment Income	58,972 82		57,152 00		1,820 82		103 19%	
363.101 · Maint Assessment Income	7,447 10		7,447 00		0 10		100 0%	
363.810 · Debt Assessment	554,723 30		554,723 00		0 30		100 0%	
363.820 · Debt Assessment-Paid To Trustee	-530,762 20		-524,213 00		-6,549 20		101 25%	
363.830 · Assessment Fees	-5,999 79		-11,462 00		5,462 21		52 35%	
363.831 · Discounts For Early Payments	-20,766 28		-22,924 00		2,157 72		90 59%	
369.401 · Interest Income	170 54		300 00		-129 46		56 85%	
369.402 · Carryover From Prior Year	0 00		21,725 00		-21,725 00		0 0%	
Total Income	63,785 49		82,748 00		-18,962 51		77 08%	
Expense								
511.122 · Payroll Expense	137 70		400 00		-262 30		34 43%	
511.131 · Supervisor Fee	1,800 00		5,000 00		-3,200 00		36 0%	
511.305 · Maintenance Contingency	0 00		5,700 00		-5,700 00		0 0%	
511.310 · Engineering	975 00		1,300 00		-325 00		75 0%	
511.311 · Management Fees	26,994 00		29,448 00		-2,454 00		91 67%	
511.312 · Secretarial Fees	3,850 00		4,200 00		-350 00		91 67%	
511.315 · Legal Fees	6,000 00		9,000 00		-3,000 00		66 67%	
511.318 · Assessment/Tax Roll	0 00		7,500 00		-7,500 00		0 0%	
511.320 · Audit Fees	3,400 00		4,000 00		-600 00		85 0%	
511.330 · Arbitrage Rebate Fee	650 00		650 00		0 00		100 0%	
511.450 · Insurance	5,251 00		6,500 00		-1,249 00		80 79%	
511.480 · Legal Advertisements	512 96		600 00		-87 04		85 49%	
511.512 · Miscellaneous	446 32		1,050 00		-603 68		42 51%	
511.513 · Postage and Delivery	52 45		250 00		-197 55		20 98%	
511.514 · Office Supplies	122 80		525 00		-402 20		23 39%	
511.540 · Dues License & Subscriptions	175 00		175 00		0 00		100 0%	
511. 33 · Trustee Fees	4,079 63		4,100 00		-20 37		99 5%	
511. 34 · Continuing Disclosure Fee	0 00		350 00		-350 00		0 0%	
511. 50 · Website Management	1,833 26		2,000 00		-166 74		91 66%	
Total Expense	56,280 12		82,748 00		-26,467 88		68 01%	
Net Income	 	  505.3 		 	0.00		 	  505.3 		 	100.0%	

ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
AUGUST 2020

REVENUES	
Annual Budget
10/1/19 - 9/30/20	

Actual Aug-20	Year To Date Actual
10/1/19 - 8/31/20	
Ad r ve A e e   	57,152	0	58,973	
     e e A e e   	7,447	0	7,447	
 eb A e e   	554,723	0	554,723	
   ere e	300	9	171	
				
Total Revenues	$	619 622	$	9	$	621 314	
				
MAINTENANCE EXPENDITURES				
     e e C e   	5,700	0	0	
     eer pe      	1,300	0	975	
TOTAL MAINTENANCE EXPENDITURES	$	000	$	-	$	9 5	
				
ADMINISTRATIVE EXPENDITURES				
Superv r Fee 	5,000	600	1,800	
   r T e p er 	400	46	138	
     e e  	29,448	2,454	26,994	
Se re r   	4,200	350	3,850	
 e   	9,000	0	6,000	
A e e R   	7,500	0	0	
Aud Fee 	4,000	0	3,400	
Arb r e Reb e Fee	650	0	650	
   ur e	6,500	0	5,251	
 e Adver e e   	600	0	513	
    e e u 	1,050	52	446	
      e	250	0	53	
Off e Supp e 	525	9	123	
 ue Sub r p     	175	0	175	
Tru ee Fee 	4,100	0	4,080	
C u ure Fee	350	0	0	
Web e e e  	2,000	166	1,833	
TOTAL ADMINISTRATIVE EXPENDITURES	$	5 48	$	3 6  	$	55 306	
				
TOTAL EXPENDITURES	$	82 48	$	3 6  	$	56 281	
				
Revenues Less Expenditures	$	536 8 4	$	(3 668)	$	565 033	
				
   d e   	 524,213 	0	 530,762 	
				
Balance	$	12 661	$	(3 668)	$	34 2 1	
				
C u Appr er T C e r Fee	 11,462 	0	 6,000 	
     u F r  r e   	 22,924 	0	 20,766 	
				
Excess/ (Shortfall)	$	(21 25)	$	(3 668)	$	505	
				
C rr ver fr r r Ye r	21,725	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(3 668)	$	505	

Bank Balance As Of /31/20	$	133 834.63	
Funds Received: 8/1/20 - 8/31/20	$	9.10	
Disbursements: 8/1/20 - 8/31/20	$	29 642.26	
Bank Balance As Of 8/31/20	$	104 201.4 	
Accounts Payable As Of 8/31/20	$	9 2 0.59	
Accounts Receivable As Of 8/31/20	$	-	
Available Funds As Of 8/31/20	$	94 930.88	

ISLANDS AT DORAL (NE) CDD TAX COLLECTIONS
2019-2020

 	

ID 	

PAYMENT FROM	

DATE	

FOR	

Tax Collect Receipts	

Interest Received	

Fees	

Discount	

Net From Tax Collector	Admin.
Assessment Income (Before Discounts & Fee)	Maint Assessment Income (Before Discounts & Fee)	Debt Assessment Income (Before Discounts & Fee)	Admin.
Assessment Income (After Discounts & Fee)	Maint Assessment Income (After Discounts & Fee)	Debt Assessment Income (After Discounts & Fee)	

Debt Assessments Paid to Trustee	
									$619 322.00	$5 152.00	$ 44 .00	$ 554 23.00	$5 152.00	$ 44 .00	$554 23.00		
									$584 936.00	$53 23.00	$ 000.00	$ 524 213.00	$53 23.00	$ 000.00	$524 213.00	$524 213.00	
1	438	     - de T C e r	11 22 19	 A T e 	 	32,016 60		 	 307 29 	 	 1,287 79 	 	30,421 52	 	2,955 10	 	384 20	 	28,677 30	 	2,807 82	 	365 05	 	27,248 65	 	27,248 65	
2	245	     - de T C e r	12 03 19	 A T e 	 	29,912 76		 	 287 16 	 	 1,196 51 	 	28,429 09	 	2,760 91	 	358 95	 	26,792 90	 	2,623 99	 	341 10	 	25,464 00	 	25,464 00	
3	919	     - de T C e r	12 10 19	 A T e 	 	367,353 70		 	 3,526 60 	 	 14,694 02 	 	349,133 08	 	33,906 70	 	4,408 25	 	329,038 75	 	32,224 93	 	4,189 55	 	312,718 60	 	312,718 60	
4	223	     - de T C e r	12 23 19	 A T e 	 	55,605 62		 	 534 81 	 	 2,124 87 	 	52,945 94	 	5,132 37	 	667 30	 	49,805 95	 	4,886 89	 	635 35	 	47,423 70	 	47,423 70	
5	912	     - de T C e r	01 10 20	 A T e 	 	26,657 89		 	 258 57 	 	 799 77 	 	25,599 55	 	2,460 49	 	319 90	 	23,877 50	 	2,362 80	 	307 20	 	22,929 55	 	22,929 55	
6	761	     - de T C e r	01 30 20	   ere  		 	288 48			 	288 48	 	288 48			 	288 48			 	-	
7	710	     - de T C e r	02 10 20	 A T e 	 	23,863 41		 	 233 70 	 	 494 29 	 	23,135 42	 	2,202 56	 	286 35	 	21,374 50	 	2,135 32	 	277 60	 	20,722 50	 	20,722 50	
8	397	     - de T C e r	03 09 20	 A T e 	 	15,877 68		 	 157 19 	 	 158 75 	 	15,561 74	 	1,465 48	 	190 55	 	14,221 65	 	1,436 29	 	186 70	 	13,938 75	 	13,938 75	
9	555	     - de T C e r	04 10 20	 A T e 	 	25,403 39		 	 253 94 	 	 10 28 	 	25,139 17	 	2,344 69	 	304 85	 	22,753 85	 	2,320 27	 	301 65	 	22,517 25	 	22,517 25	
10	698	     - de T C e r	04 24 20	   ere  		 	68 97			 	68 97	 	68 97			 	68 97			 	-	
11	802	     - de T C e r	05 11 20	 A T e ere  	 	11,644 63	 	106 17	 	 117 50 		 	11,633 30	 	1,180 95	 	139 75	 	10,430 10	 	1,169 15	 	138 35	 	10,325 80	 	10,325 80	
12	912	     - de T C e r	06 09 20	 A T e ere  	 	3,576 53	 	107 29	 	 36 84 		 	3,646 98	 	437 37	 	42 95	 	3,203 50	 	432 98	 	42 50	 	3,171 50	 	3,171 50	
13	783	     - de T C e r	07 06 20	 A T e ere TC 	 	20,111 86	 	905 03	 	 210 18 		 	20,806 71	 	2,761 34	 	241 35	 	18,014 20	 	2,733 71	 	238 90	 	17,834 10	 	17,834 10	
14	178	     - de T C e r	07 10 20	 A T e ere  	 	7,304 63	 	297 86	 	 76 01 		 	7,526 48	 	966 69	 	102 70	 	6,533 10	 	957 03	 	101 65	 	6,467 80	 	6,467 80	
15	298	     - de T C e r	07 24 20	   ere  		 	40 72			 	40 72	 	40 72			 	40 72			 	-	
16									 	-							 	-	
17									 	-							 	-	
18									 	-							 	-	
					$ 619 328. 0	 	1,814 52	 	 5,999 79 	 	 20,766 28 	 	594,377 15	 	58,972 82	$ 44 .10	$ 554 23.30	 	56,489 35	 	7,125 60	 	530,762 20	 	530,762 20	

   e: 619,322, 57,152, 7,447 d 554,723 re 2019 2020 ud e ed
Total IAD-NE Roll  619 328. 0	e e bef re d u d fee  
 584,936, 53,723, 7,000 d 524,213 re 2019 2020 ud e ed
   e e f er d u d fee  

 	619,328 70		
 	1,814 52	      594,377 15	
 	 58,972 82 	       56,489 35 	
 	 7,447 10 	 	 7,125 60 	
 	 554,723 30	 530,762 20 
-	-

FINANCIAL RISK MANAGEMENT POLICY

Special District Services, Inc. (“SDS, Inc.”), acting in the capacity of District Manager, as part of good management practices and to  satisfy  annual  audit  requirements  does  implement  certain measures and procedures to identify and mitigate financial mismanagement/fraud risks, as follows:

Each month the District’s operating/checking bank account is reconciled by an authorized person who has not deposited funds to, processed expenditures or  written checks from, that particular operating/checking account; and

Each expenditure from the District’s operating/checking account requires a minimum of two (2) approvals from authorized staff and/or District officials and the  respective approvals are provided by persons other than the preparer of the expenditure(s); and

All financial transactions are logged and maintained by the District Manager for record keeping purposes; and

A designated member of the Board (by an electronic approval procedure) has an opportunity to review the District’s expenditure(s) prior to the payment(s) being released; and

The District engages an independent firm, pursuant to Chapter 218.391, Florida Statutes, to audit the prior year’s financial activities (October 1st through September 30th) from which an independent fiscal year annual audit is prepared; and

Within sixty (60) days of the end of each fiscal year (September 30th) the District’s Board of Supervisors reviews, pursuant to Chapter 189.418(5), Florida Statutes, the prior year’s budget relative to actual revenues and expenditures and adopts by resolution an amended/revised final budget.