Islands At Doral (NE) Community Development District

Amended 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 (NE) COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

I

10/1/2025 9:48 AM

$60,863

$1,810

$62,673

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

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 - 9/29/25

Administrative Assessments

88,450

90,665

90,665

Maintenance Assessments

8,510

8,537

8,537

Debt Assessments

554,723

554,722

554,722

Interest Income

480

6,600

6,335

TOTAL REVENUES

$	652,163

$	660,524

$	660,259

EXPENDITURES

MAINTENANCE EXPENDITURES

Maintenance Contingency

5,000

5,000

0

Engineering/Inspections

3,000

5,400

3,947

TOTAL MAINTENANCE EXPENDITURES

$	8,000

$	10,400

$	3,947

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

5,000

2,800

2,800

Payroll Taxes (Employer)

400

214

214

Management

33,348

33,348

33,348

Secretarial

4,200

4,200

4,200

Legal

9,000

14,700

12,638

Assessment Roll

7,500

7,500

7,500

Audit Fees

3,900

3,500

3,500

Arbitrage Rebate Fee

650

650

650

Insurance

7,300

6,858

6,858

Legal Advertisements

4,000

5,200

4,173

Miscellaneous

800

1,000

803

Postage

450

1,450

1,422

Office Supplies

450

1,075

1,024

Dues & Subscriptions

175

175

175

Trustee Fees

4,100

4,246

4,246

Continuing Disclosure Fee

350

350

350

Website Management

2,000

2,000

2,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	83,623

$	89,266

$	85,901

TOTAL EXPENDITURES

$	91,623

$	99,666

$	89,848

REVENUES LESS EXPENDITURES

$	560,540

$	560,858

$	570,411

Bond Payments

(524,213)

(530,049)

(530,049)

BALANCE

$	36,327

$	30,809

$	40,362

County Appraiser & Tax Collector Fee

(12,109)

(6,303)

(6,303)

Discounts For Early Payments

(24,218)

(22,696)

(22,696)

EXCESS/ (SHORTFALL)

$	-

$	1,810

$	11,363

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	1,810

$	11,363

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

Notes
Reserve Fund Balance = $220,067*. Revenue Fund Balance = $275,613*.
Revenue Fund Balance To Be Used To Make 11/1/2025 Interest Payment Of $38,693 and Extraordinary Principal Payment Of $150,000.
* Approximate Amounts

Series 2014 Bond Refunding Information

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

$5,925,000 3.85%
April 2014 May 2029*

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

Par Amount As Of 9/30/25 =

$2,010,000

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

II

10/1/2025 9:48 AM

$575,290

($79,610)

$495,680

FUND BALANCE AS OF 9/30/24

FY 2024/2025 ACTIVITY

FUND BALANCE AS OF 9/30/25

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 - 9/29/25

Interest Income

500

13,800

13,653

NAV Tax Collection

524,213

530,049

530,049

Total Revenues

$	524,713

$	543,849

$	543,702

EXPENDITURES

Principal Payments

305,000

305,000

305,000

Interest Payments

91,919

93,459

93,459

Additional Principal Payments

127,794

225,000

225,000

Total Expenditures

$	524,713

$	623,459

$	623,459

Excess/ (Shortfall)

$	-

$	(79,610)

$	(79,757)