Islands At Doral (NE) 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 (NE) COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2025/2026
OCTOBER 1, 2025 - SEPTEMBER 30, 2026

REVENUES	
FISCAL YEAR 2025/2026 BUDGET	
Administrative Assessments	89,705	
Maintenance Assessments	105,859	
Debt Assessments	554,723	
Interest Income	960	
TOTAL REVENUES	$	751,247	
		
EXPENDITURES		
MAINTENANCE EXPENDITURES		
Maintenance Contingency	5,000	
Roadway Maintenance/Reserve	63,508	
Stormwater Management/Reserve	22,000	
Storm Drainage/Class V Permit	3,500	
Field Operations	1,500	
Engineering/Inspections	4,000	
TOTAL MAINTENANCE EXPENDITURES	$	99,508	
		
ADMINISTRATIVE EXPENDITURES		
Supervisor Fees	5,000	
Payroll Taxes (Employer)	400	
Management	34,308	
Secretarial	4,200	
Legal	10,500	
Assessment Roll	7,500	
Audit Fees	3,600	
Arbitrage Rebate Fee	650	
Insurance	7,300	
Legal Advertisements	3,500	
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	$	85,283	
		
TOTAL EXPENDITURES	$	184,791	
		
REVENUES LESS EXPENDITURES	$	566,456	
		
Bond Payments	(524,213)	
		
BALANCE	$	42,243	
		
County Appraiser & Tax Collector Fee	(14,081)	
Discounts For Early Payments	(28,162)	
		
EXCESS/ (SHORTFALL)	$	-	
		
Carryover From Prior Year	0	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED FINAL BUDGET
ISLANDS AT DORAL (NE) 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	59,791	88,450	89,705	Expenditures Less Interest & Carryover/.94	
Maintenance Assessments	6,915	8,510	105,859	Expenditures /.94	
Debt Assessments	554,723	554,723	554,723	Bond Payments/.94	
Interest Income	7,858	480	960	Interest Projected At $80 Per Month	
TOTAL REVENUES	$	629,287	$	652,163	$	751,247		
					
EXPENDITURES					
MAINTENANCE EXPENDITURES					
Maintenance Contingency	0	5,000	5,000	No Change From 2024/2025 Budget	
Roadway Maintenance/Reserve	0	0	63,508	Formerly The Responsibility Of The Master Association	
Stormwater Management/Reserve	0	0	22,000	Formerly The Responsibility Of The Master Association	
Storm Drainage/Class V Permit	0	0	3,500	New Requirement In Miami-Dade County	
Field Operations	0	0	1,500	Will Be Needed Due To Infrastructure Being Maintained By District	
Engineering/Inspections	1,100	3,000	4,000	$1,000 Increase From 2024/2025 Budget	
TOTAL MAINTENANCE EXPENDITURES	$	1,100	$	8,000	$	99,508		
					
ADMINISTRATIVE EXPENDITURES					
Supervisor Fees	2,000	5,000	5,000	No Change From 2024/2025 Budget	
Payroll Taxes (Employer)	153	400	400	Projected At 8% Of Supervisor Fees	
Management	32,388	33,348	34,308	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2024/2025 Budget	
Legal	7,324	9,000	10,500	$1,500 Increase From 2024/2025 Budget	
Assessment Roll	7,500	7,500	7,500	As Per Contract	
Audit Fees	3,800	3,900	3,600	Accepted Amount For 2024/2025 Audit	
Arbitrage Rebate Fee	650	650	650	No Change From 2024/2025 Budget	
Insurance	6,594	7,300	7,300	Fiscal Year 2024/2025 Expenditure Was $6,594	
Legal Advertisements	2,593	4,000	3,500	$500 Decrease From 2024/2025 Budget	
Miscellaneous	460	800	800	No Change From 2024/2025 Budget	
Postage	477	450	450	No Change From 2024/2025 Budget	
Office Supplies	352	450	450	No Change From 2024/2025 Budget	
Dues & Subscriptions	175	175	175	$1,500 Increase From 2024/2025 Budget	
Trustee Fees	4,080	4,100	4,100	$1,500 Increase From 2024/2025 Budget	
Continuing Disclosure Fee	350	350	350	No Change From 2024/2025 Budget	
Website Management	2,000	2,000	2,000	$1,500 Increase From 2024/2025 Budget	
TOTAL ADMINISTRATIVE EXPENDITURES	$	75,096	$	83,623	$	85,283		
					
TOTAL EXPENDITURES	$	76,196	$	91,623	$	184,791		
					
REVENUES LESS EXPENDITURES	$	553,091	$	560,540	$	566,456		
					
Bond Payments	(529,903)	(524,213)	(524,213)	2026 Principal & Interest Payments	
					
BALANCE	$	23,188	$	36,327	$	42,243		
					
County Appraiser & Tax Collector Fee	(5,989)	(12,109)	(14,081)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(21,731)	(24,218)	(28,162)	Four Percent Of Total Assessment Roll	
					
EXCESS/ (SHORTFALL)	$	(4,532)	$	-	$	-		
					
Carryover From Prior Year	0	0	0	Carryover From Prior Year	
					
NET EXCESS/ (SHORTFALL)	$	(4,532)	$	-	$	-		

DETAILED FINAL DEBT SERVICE FUND BUDGET
ISLANDS AT DORAL (NE) 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	
21,357	
500	
1,200	
Projected Interest For 2025/2026	

NAV Tax Collection	
529,903	
524,213	
524,213	
NAV Tax Collection	

Total Revenues	
$	551,260	
$	524,713	
$	525,413		

EXPENDITURES					

Principal Payments	
285,000	
305,000	
315,000	
Principal Payment Due In 2026	

Interest Payments	
110,880	
91,919	
71,321	
Interest Payments Due In 2026	

Additional Principal Payments	
110,000	
127,794	
139,092	
Additional Principal Payments	

Total Expenditures	
$	505,880	
$	524,713	
$	525,413		

Excess/ (Shortfall)	
$	45,380	
$	-	
$	-		

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 1/1/2025 =	May 2029

$2,315,000			

Original Principal Amount Due In May 2029: $2,225,000 Current Principal Amount Due In May 2029: $1,030,000

Islands At Doral (NE) Community Development District Assessment Comparison

Fiscal Year	Fiscal Year	Fiscal Year	Fiscal Year	
2022/2023	2023/2024	2024/2025	2025/2026	
Assessment	Assessment	Assessment	Projected Assessment	
Before Discount*	Before Discount*	Before Discount*	Before Discount*	

Administrative For Single Family Homes	

$	107.55	

$	108.50	

$	166.58	

$	

168.94	
Maintenance For Single Family Homes	$	14.03	$	13.03	$	16.03	$	199.36	
Debt For Single Family Homes	$	1,587.68	 $	1,587.68	 $	1,587.68	$	1,587.68	
Total	$	1,709.26	$	1,709.21	$	1,770.29	$	1,955.98	

Administrative For Townhomes	
$	107.55	
$	108.50	
$	166.58	
$	168.94	
Maintenance For Townhomes	$	14.03	$	13.03	$	16.03	$	199.36	
Debt For Townhomes	$	1,133.61	 $	1,133.61	 $	1,133.61	$	1,133.61	
Total	$	1,255.19	$	1,255.14	$	1,316.22	$	1,501.91	

Administrative For Condominiums	
$	107.55	
$	108.50	
$	166.58	
$	168.94	
Maintenance For Condominiums	$	14.03	$	13.03	$	16.03	$	199.36	
Debt For Condominiums	$	906.57	 $	906.57	 $	906.57	$	906.57	
Total	$	1,028.15	$	1,028.10	$	1,089.18	$	1,274.87	

* 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
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