ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING APRIL 11, 2023
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
Doral Legacy Park – 2nd Floor Conference Room 11400 NW 82nd Street
Doral, Florida 33178
REGULAR BOARD MEETING
April 11, 2023
7:00 p.m.

Call to Order
Proof of Publication	Page 1
Welcome and Seat Incumbent Cuneo to Seat #5 followed by Oath of Office
Establish Quorum
Declare Vacancies for Seat(s) #1 & #2, followed by Appointments
Administer Oath of Office and Review Board Member Duties and Responsibilities
Election of Officers
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
October 11, 2022 Regular Board Meeting	Page 2
Old Business
New Business
Consider Approval of District Counsel Request for Adjustment to Fee Structure	Page 5
Consider Approval of Resolution No. 2023-01 – Approving a Proposed Budget for
FY 2023/2024	Page 7
Administrative Matters
Financial Update	Page 14
Board Member/Staff Comments and Requests
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 f/k/ 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 (NE) 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	,;.;..,-:::;:::,...;-..,.	in  chapter	50,  Florida

&

(SlAL)
MARIA MESA personally known to me

Page 1

ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT REGULAR BOARD MEETING
OCTOBER 11, 2022

CALL TO ORDER

The October 11, 2022, Regular Board Meeting of the Islands at Doral (NE) Community Development District (the “District”) was called to order at 7:04 p.m. in the Second Floor Conference Room of Doral Legacy Park located at 11400 NW 82nd Street, Doral, Florida 33178.

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 September 30, 2022, as part of the District’s Fiscal Year 2021/2022 Meeting Schedule, as legally required.

ESTABLISH A QUORUM

It was determined that the 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 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 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
August 9, 2022, Public Hearing & Regular Board Meeting

The August 9, 2022, Public Hearing & Regular Board Meeting minutes were presented for approval.

A MOTION was made by Supervisor Garcia, seconded by Supervisor Cuneo and unanimously passed approving the minutes of the August 9, 2022, Public Hearing & Regular Board Meeting, as presented.

OLD BUSINESS

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

NEW BUSINESS
Team Building Discussion between the City of Doral Officials and District Board of Supervisors and Staff

This item was deferred to a date uncertain.

Consider Resolution No. 2022-05 – Adopting Fiscal Year 2021/2022 Amended Budget

Mrs. Perez presented Resolution No. 2022-05, entitled:

RESOLUTION NO. 2022-05

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

Mrs. Perez explained, as done every year for administrative and statutory requirements, within 60 days of any given fiscal year end, the Board adopts a revised/amended budget for said year. The fiscal year ended on September 30, 2022. This is the reason it is administrative in nature (past year’s budget for past year’s expenses) and will serve as the Board’s final approval/ratification of the District’s expenditures for the past fiscal year.

A MOTION was made by Supervisor Garcia, seconded by Supervisor Cuneo and unanimously passed adopting Resolution No. 2022-05, adopting a Fiscal Year 2021/2022 Amended Budget.

Consider Auditor Renewal

Mrs. Perez reminded the Board that at the October 2, 2019, meeting, the firm of Grau & Associates was selected to perform the 9-30- 2019, 9-30-2020 and 9-30-2021 year end audits of the District with an option to perform the 9-30-2022 and 9-30-23 audits.

The fee for the 9-30-2019 audit was $3,400; the fee for the 9-30-2020 audit was $3,500; and the fee for the 9-30-2021 audit was $3,600. The proposed fee for the 9-30-2022 audit is $3,700, which is the budgeted amount for audit fees for fiscal year 2022/2023. The proposed fee for the 9-30-2023 audit is
$3,800.

Management is pleased with the professionalism and competence of the Grau & Associates partners and staff; therefore, management recommends that the Board approve the renewal option for the fiscal years ending 9-30-2022 and 9-30-2023 audits with Grau & Associates.

A MOTION was made by Supervisor Garcia, seconded by Supervisor Cuneo and unanimously passed approving the 2-year audit renewal option with Grau & Associates for the fiscal years ending 9-30-2022 and 9-30-2023; further approving the proposed fee for the 9-30-2022 audit in the amount of $3,700, which is the budgeted amount for audit fees and the proposed fee for the 9-30-2023 audit, which is
$3,800; and further authorizing District management to attempt at negotiating a lower the amount if possible.

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 September 301, 2022, were $70,030.67.

BOARD MEMBER/STAFF COMMENTS

There were no further Board Member or staff comments.

ADJOURNMENT

There being no further business to come before the Board, a MOTION was made by Supervisor Arias, seconded by Supervisor Garcia and passed unanimously adjourning the Regular Board Meeting at 7:14 p.m.

ATTEST:

Secretary/Assistant Secretary	Chairman/Vice-Chair

LAW OFFICES
BILLING, COCHRA	, LYLES, MAURO & RAMSEY, 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 270
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 0. GAY(1943-2007)

February 6, 2023

VIA E-MAIL ONLY- gperez@sdsinc.org

Ms. Gloria Perez District Manager
Special District Services, Inc. Kendall Office Center
8785 SW 165th Avenue #200
Miami, FL 33193

Re:	Adjustment to District Counsel Fee Structure
Islands at Doral (NE) Community Development District Our File: 555.03240
Dear Gloria:

This firm's current fee structure has been in place since 2004. Although we are certainly mindful of the necessity to keep increases in the District s expenses including the cost of legal services to a minimum, it has become necessary for us to adjust our hourly rates effective May 1, 2023 as follows:

Attorneys/Partners:
Attomeys/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 60.7% increase since the year 2004 and we have not raised our fees during that time.

Ms. Gloria Perez February 6, 2023
Page 2

Naturally, should you have any questions or require any further information in support of this 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 professional fees.

Ginger E. Wald For the Firm

GEW/jmp

RESOLUTION NO. 2023-01

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT APPROVING A PROPOSED BUDGET FOR FISCAL YEAR 2023/2024; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors (“Board”) of the Islands at Doral (NE) Community Development District (“District”) is required by Chapter 190.008, 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 (NE) 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 June 13, 2023 at 7:00 p.m. in
the Doral Legacy Park, 2nd Floor Conference Room located at 11400 NW 82nd Street, Doral, Florida 33178, for the purpose of receiving public comments on the Proposed Fiscal Year 2023/2024 Budget.

PASSED, ADOPTED and EFFECTIVE this 11th day of April, 2023.

ATTEST:	ISLANDS AT DORAL (NE)
COMMUNITY DEVELOPMENT DISTRICT

By:			By:		 Secretary/Assistant Secretary			Chairman/Vice Chairman

Islands At Doral (NE) 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 (NE) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	
FISCAL YEAR 2023/2024 BUDGET	
Administrative Assessments	57,609	
Maintenance Assessments	6,915	
Debt Assessments	554,723	
Interest Income	240	
		
TOTAL REVENUES	$	619,487	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Maintenance Contingency	4,500	
Engineering/Inspections	2,000	
TOTAL MAINTENANCE EXPENDITURES	$	6,500	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Management	32,388	
Secretarial	4,200	
Legal	9,000	
Assessment Roll	7,500	
Audit Fees	3,800	
Arbitrage Rebate Fee	650	
Insurance	6,600	
Legal Advertisements	600	
Miscellaneous	800	
Postage	450	
Office Supplies	450	
Dues & Subscriptions	175	
Trustee Fees	4,100	
Continuing Disclosure Fee	350	
Website Management	2,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	78,463	
		
TOTAL EXPENDITURES	$	84,963	
		
REVENUES LESS EXPENDITURES	$	534,524	
		
Bond Payments	(524,213)	
		
BALANCE	$	10,311	
		
County Appraiser & Tax Collector Fee	(11,460)	
Discounts For Early Payments	(22,921)	
		
EXCESS/ (SHORTFALL)	$	(24,070)	
		
Carryover From Prior Year	24,070	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
ISLANDS AT DORAL (NE) 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	58,157	57,108	57,609	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	7,447	7,447	6,915	Expenditures /.94	
Debt Assessments	554,724	554,723	554,723	Bond Payments/.94	
Interest Income	171	120	240	Interest Projected At $20 Per Month	
					
TOTAL REVENUES	$	620,499	$	619,398	$	619,487		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Maintenance Contingency	0	5,700	4,500	Maintenance Of District Owned Property	
Engineering/Inspections	2,102	1,300	2,000	$700 Increase From 2022/2023 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	2,102	$	7,000	$	6,500		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	1,800	5,000	5,000	No Change From 2022/2023 Budget	
Payroll Taxes (Employer)	138	400	400	Projected At 8% Of Supervisor Fees	
Management	30,540	31,452	32,388	CPI Adjustment (Capped At 3%)	
Secretarial	4,200	4,200	4,200	No Change From 2022/2023 Budget	
Legal	7,114	9,000	9,000	No Change From 2022/2023 Budget	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,600	3,700	3,800	Accepted Amount For 2022/2023 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2022/2023 Budget	
Insurance	5,706	6,200	6,600	Fiscal Year 2022/2023 Expenditure Was $6,134	
Legal Advertisements	1,278	600	600	No Change From 2022/2023 Budget	
Miscellaneous	527	850	800	$50 Decrease From 2022/2023 Budget	
Postage	261	375	450	Mailing May Be Required	
Office Supplies	432	450	450	No Change From 2022/2023 Budget	
Dues & Subscriptions	175	175	175	No Change From 2022/2023 Budget	
Trustee Fees	4,080	4,100	4,100	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	
TOTAL ADMINISTRATIVE EXPENDITURES	$	70,351	$	77,002	$	78,463		
					
TOTAL EXPENDITURES	$	72,453	$	84,002	$	84,963		
					
REVENUES LESS EXPENDITURES	$	548,046	$	535,396	$	534,524		
					
Bond Payments	(530,134)	(524,213)	(524,213)	2024 Principal & Interest Payments	
					
BALANCE	$	17,912	$	11,183	$	10,311		
					
County Appraiser & Tax Collector Fee	(5,988)	(11,461)	(11,460)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(21,475)	(22,922)	(22,921)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(9,551)	$	(23,200)	$	(24,070)		
					
Carryover From Prior Year	0	23,200	24,070	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(9,551)	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE FUND BUDGET
ISLANDS AT DORAL (NE) 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	

Interest Income	
25	
25	
100	
Projected Interest For 2023/2024	

NAV Tax Collection	
530,134	
524,213	
524,213	
NAV Tax Collection	

Total Revenues	
$	530,159	
$	524,238	
$	524,313		

EXPENDITURES					

Principal Payments	
265,000	
275,000	
285,000	
Principal Payment Due In 2024	

Interest Payments	
140,140	
122,526	
107,512	
Interest Payments Due In 2024	

Additional Principal Payments	
110,000	
126,712	
131,801	
Additional Principal Payments	

Total Expenditures	
$	515,140	
$	524,238	
$	524,313		

Excess/ (Shortfall)	
$	15,019	
$	-	
$	-		

Series 2014 Refunding Bond Information

Original Par Amount =	$5,925,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	3.85%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	April 2014			
Maturity Date =

Par Amount As Of 1/1/2023 =	May 2029

$3,210,000			

Original Principal Amount Due In May 2029: $2,225,000 Current Principal Amount Due In May 2029: $1,365,000

Islands At Doral (NE) Community Development District Assessment Comparison

Original	Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
Projected	2020/2021	2021/2022	2022/2023	2023/2024	
Assessment	Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative For Single Family Homes	

$	114.75	

$	107.61	

$	107.59	

$	107.55	

$	

108.50	
Maintenance For Single Family Homes	$	-	$	14.03	$	14.03	$	14.03	$	13.03	
Debt For Single Family Homes	$	1,635.38	$	1,587.68	$	1,587.68	$	1,587.68	$	1,587.68	
Total	$	1,750.13	$	1,709.32	$	1,709.30	$	1,709.26	$	1,709.21	

Administrative For Townhomes	
$	114.75	
$	107.61	
$	107.59	
$	107.55	
$	108.50	
Maintenance For Townhomes	$	-	$	14.03	$	14.03	$	14.03	$	13.03	
Debt For Townhomes	$	1,135.38	$	1,133.61	$	1,133.61	$	1,133.61	$	1,133.61	
Total	$	1,250.13	$	1,255.25	$	1,255.23	$	1,255.19	$	1,255.14	

Administrative For Condominiums	
$	114.75	
$	107.61	
$	107.59	
$	107.55	
$	108.50	
Maintenance For Condominiums	$	-	$	14.03	$	14.03	$	14.03	$	13.03	
Debt For Condominiums	$	947.88	$	906.57	$	906.57	$	906.57	$	906.57	
Total	$	1,062.63	$	1,028.21	$	1,028.19	$	1,028.15	$	1,028.10	

* Assessments Include the Following :	
4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee
Community Information:		 Single Family Homes	66
Townhomes	125
Condominiums	340
Total Units	531

Islands At Doral (NE) Community Development District

Financial Report For March 2023

Islands at Doral (NE) Community Development District
Budget vs. Actual
October 2022 through March 2023

	Oct '22 - Mar 23		22/23 Budget		$ Over Budget		% of Budget	
Income								
363.100 ꞏ Admin Assessment Income	52,085.37		57,108.00		-5,022.63		91.21%	
363.101 ꞏ Maint Assessment Income	6,735.15		7,447.00		-711.85		90.44%	
363.810 ꞏ Debt Assessment	502,773.30		554,723.00		-51,949.70		90.64%	
363.820 ꞏ Debt Assessment-Paid To Trustee	-472,393.50		-524,213.00		51,819.50		90.12%	
363.830 ꞏ Assessment Fees	-5,396.25		-11,461.00		6,064.75		47.08%	
363.831 ꞏ Discounts For Early Payments	-21,631.22		-22,922.00		1,290.78		94.37%	
369.401 ꞏ Interest Income	2,404.52		120.00		2,284.52		2,003.77%	
369.402 ꞏ Carryover From Prior Year	0.00		23,200.00		-23,200.00		0.0%	
Total Income	64,577.37		84,002.00		-19,424.63		76.88%	
Expense								
511.122 ꞏ Payroll Expense	45.90		400.00		-354.10		11.48%	
511.131 ꞏ Supervisor Fee	600.00		5,000.00		-4,400.00		12.0%	
511.305 ꞏ Maintenance Contingency	0.00		5,700.00		-5,700.00		0.0%	
511.310 ꞏ Engineering	85.00		1,300.00		-1,215.00		6.54%	
511.311 ꞏ Management Fees	15,726.00		31,452.00		-15,726.00		50.0%	
511.312 ꞏ Secretarial Fees	2,100.00		4,200.00		-2,100.00		50.0%	
511.315 ꞏ Legal Fees	3,496.00		9,000.00		-5,504.00		38.84%	
511.318 ꞏ Assessment/Tax Roll	0.00		7,500.00		-7,500.00		0.0%	
511.320 ꞏ Audit Fees	0.00		3,700.00		-3,700.00		0.0%	
511.330 ꞏ Arbitrage Rebate Fee	0.00		650.00		-650.00		0.0%	
511.450 ꞏ Insurance	6,134.00		6,200.00		-66.00		98.94%	
511.480 ꞏ Legal Advertisements	0.00		600.00		-600.00		0.0%	
511.512 ꞏ Miscellaneous	226.95		850.00		-623.05		26.7%	
511.513 ꞏ Postage and Delivery	44.09		375.00		-330.91		11.76%	
511.514 ꞏ Office Supplies	148.20		450.00		-301.80		32.93%	
511.540 ꞏ Dues, License & Subscriptions	175.00		175.00		0.00		100.0%	
511.733 ꞏ Trustee Fees	0.00		4,100.00		-4,100.00		0.0%	
511.734 ꞏ Continuing Disclosure Fee	0.00		350.00		-350.00		0.0%	
511.750 ꞏ Website Management	999.96		2,000.00		-1,000.04		50.0%	
Total Expense	29,781.10		84,002.00		-54,220.90		35.45%	
Net Income		34,796.27			0.00			34,796.27			100.0%	

ISLANDS AT DORAL (NE) COMMUNITY DEVELOPMENT DISTRICT MONTHLY FINANCIAL REPORT
MARCH 2023

REVENUES	
Annual Budget
10/1/22 - 9/30/23	
Actual Mar-23	Year To Date Actual
10/1/22 - 3/31/23	
Administrative Assessments	57,108	915	52,085	
Maintenance Assessments	7,447	119	6,735	
Debt Assessments	554,723	8,899	502,773	
Interest Income	120	352	2,405	
				
Total Revenues	$	619,398	$	10,285	$	563,998	
				
MAINTENANCE EXPENDITURES				
Maintenance Contingency	5,700	0	0	
Engineering/Inspections	1,300	0	85	
TOTAL MAINTENANCE EXPENDITURES	$	7,000	$	-	$	85	
				
ADMINISTRATIVE EXPENDITURES				
Supervisor Fees	5,000	0	600	
Payroll Taxes (Employer)	400	0	46	
Management	31,452	2,621	15,726	
Secretarial	4,200	350	2,100	
Legal	9,000	0	3,496	
Assessment Roll	7,500	0	0	
Audit Fees	3,700	0	0	
Arbitrage Rebate Fee	650	0	0	
Insurance	6,200	0	6,134	
Legal Advertisements	600	0	0	
Miscellaneous	850	0	227	
Postage	375	0	44	
Office Supplies	450	7	148	
Dues & Subscriptions	175	0	175	
Trustee Fees	4,100	0	0	
Continuing Disclosure Fee	350	0	0	
Website Management	2,000	167	1,000	
TOTAL ADMINISTRATIVE EXPENDITURES	$	77,002	$	3,145	$	29,696	
				
TOTAL EXPENDITURES	$	84,002	$	3,145	$	29,781	
				
Revenues Less Expenditures	$	535,396	$	7,140	$	534,217	
				
Bond Payments	(524,213)	(8,713)	(472,394)	
				
Balance	$	11,183	$	(1,573)	$	61,823	
				
County Appraiser & Tax Collector Fee	(11,461)	(98)	(5,396)	
Discounts For Early Payments	(22,922)	(110)	(21,631)	
				
Excess/ (Shortfall)	$	(23,200)	$	(1,781)	$	34,796	
				
Carryover from Prior Year	23,200	0	0	
				
Net Excess/ (Shortfall)	$	-	$	(1,781)	$	34,796	

Bank Balance As Of 3/31/23	$	116,114.95	
Accounts Payable As Of 3/31/23	$	12,857.86	
Accounts Receivable As Of 3/31/23	$	-	
Available Funds As Of 3/31/23	$	103,257.09	

ISLANDS AT DORAL (NE) CDD TAX COLLECTIONS
2022-2023

#	

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	
									$619,278.00	$57,108.00	$7,447.00	$  554,723.00	$57,108.00	$7,447.00	$554,723.00		
									$584,894.52	$53,681.52	$7,000.00	$  524,213.00	$53,681.52	$7,000.00	$524,213.00	$524,213.00	
1	1	Miami-Dade Tax Collector	11/23/22	NAV Taxes	$	56,185.62		$	(538.77)	$	(2,308.29)	$	53,338.56	$	5,180.27	$	674.25	$	50,331.10	$	4,917.71	$	640.10	$	47,780.75	$	47,780.75	
2	2	Miami-Dade Tax Collector	11/25/22	NAV Taxes	$	34,143.03		$	(327.77)	$	(1,365.74)	$	32,449.52	$	3,147.98	$	409.70	$	30,585.35	$	2,991.82	$	389.35	$	29,068.35	$	29,068.35	
3	3	Miami-Dade Tax Collector	12/07/22	NAV Taxes	$  412,298.29		$  (3,958.06)	$  (16,492.19)	$	391,848.04	$	38,013.84	$	4,947.60	$  369,336.85	$	36,128.29	$	4,702.20	$  351,017.55	$	351,017.55	
4	4	Miami-Dade Tax Collector	12/22/22	NAV Taxes	$	11,536.69		$	(111.40)	$	(397.53)	$	11,027.76	$	1,063.64	$	138.45	$	10,334.60	$	1,016.61	$	132.40	$	9,878.75	$	9,878.75	
5	5	Miami-Dade Tax Collector	01/11/23	NAV Taxes	$	23,230.83		$	(225.42)	$	(689.63)	$	22,315.78	$	2,141.83	$	278.80	$	20,810.20	$	2,057.43	$	267.80	$	19,990.55	$	19,990.55	
6	6	Miami-Dade Tax Collector	02/09/23	NAV Taxes	$	13,927.06		$	(136.58)	$	(268.23)	$	13,522.25	$	1,284.01	$	167.15	$	12,475.90	$	1,246.65	$	162.30	$	12,113.30	$	12,113.30	
7	Int -1	Miami-Dade Tax Collector	02/13/23	Interest		$	337.84			$	337.84	$	337.84			$	337.84			$	-	
8	7	Miami-Dade Tax Collector	03/08/23	NAV Taxes	$	9,934.46		$	(98.25)	$	(109.61)	$	9,726.60	$	915.96	$	119.20	$	8,899.30	$	896.70	$	116.75	$	8,713.15	$	8,713.15	
9									$	-							$	-	
10									$	-							$	-	
11									$	-							$	-	
12									$	-							$	-	
13									$	-							$	-	
14									$	-							$	-	
16									$	-							$	-	
17									$	-							$	-	
					$ 561,255.98	$  337.84	$ (5,396.25)	$ (21,631.22)	$	534,566.35	$  52,085.37	$  6,735.15	$ 502,773.30	$ 49,593.05	$  6,410.90	$ 478,562.40	$  478,562.40	

Note: $619,278, $57,108, $7,447 and $554,723 are 2022/2023 Budgeted
Total IAD-NE Roll = 619,280.91	assessments before discounts and fees.
$584,894, $53,618, $7,000 and $524,213 are 2022/2023 Budgeted assessments after discounts and fees.

$	561,255.98		
$	337.84	$  534,566.35	
$	(52,085.37)	$  (49,593.05)	
$	(6,735.15)	$	(6,410.90)	
$	(502,773.30)	$ (478,562.40)
$	-	$	-