Islands At Doral (NE) Community Development District

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

CONTENTS

I

PROPOSED BUDGET

II

DETAILED PROPOSED BUDGET

III

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

IV

ASSESSMENT COMPARISON

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

I

REVENUES

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

89,662

Maintenance Assessments

105,859

Debt Assessments

554,723

Interest Income

1,200

TOTAL REVENUES

$	751,444

EXPENDITURES

MAINTENANCE EXPENDITURES

Maintenance Contingency

5,000

Roadway Maintenance/Reserve

63,508

Stormwater Management/Reserve

37,000

Storm Drainage/Class V Permit

3,500

Field Operations

1,500

Sidewalks Maintenance

15,000

Engineering/Inspections

4,000

TOTAL MAINTENANCE EXPENDITURES

$	129,508

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

5,000

Payroll Taxes (Employer)

400

Management

35,232

Secretarial

4,200

Legal

11,500

Assessment Roll

7,500

Audit Fees

3,700

Arbitrage Rebate Fee

650

Insurance

8,200

Legal Advertisements

4,000

Miscellaneous

800

Postage

425

Office Supplies

450

Dues & Subscriptions

175

Trustee Fees

4,200

Continuing Disclosure Fee

350

Website Management

2,000

TOTAL ADMINISTRATIVE EXPENDITURES

$	88,782

TOTAL EXPENDITURES

$	218,290

REVENUES LESS EXPENDITURES

$	533,154

Bond Payments

(524,213)

BALANCE

$	8,941

County Appraiser & Tax Collector Fee

(14,080)

Discounts For Early Payments

(28,161)

EXCESS/ (SHORTFALL)

$	(33,300)

Carryover From Prior Year

33,300

NET EXCESS/ (SHORTFALL)

$	-

DETAILED PROPOSED BUDGET
ISLANDS AT DORAL (NE) 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

90,665

89,705

89,662

Expenditures Less Interest & Carryover (40%)/.94

Maintenance Assessments

8,537

105,859

105,859

Expenditures & Carryover (60%) /.94

Debt Assessments

554,722

554,723

554,723

Bond Payments/.94

Interest Income

6,703

960

1,200

Interest Projected At $100 Per Month

TOTAL REVENUES

$	660,627

$	751,247

$	751,444

EXPENDITURES

MAINTENANCE EXPENDITURES

Maintenance Contingency

0

5,000

5,000

No Change From 2025/2026 Budget

Roadway Maintenance/Reserve

0

63,508

63,508

No Change From 2025/2026 Budget

Stormwater Management/Reserve

0

22,000

37,000

$15,000 Increase From 2025/2026 Budget

Storm Drainage/Class V Permit

0

3,500

3,500

No Change From 2025/2026 Budget

Field Operations

0

1,500

1,500

No Change From 2025/2026 Budget

Sidewalks Maintenance

0

0

15,000

Sidewalks Maintenance

Engineering/Inspections

3,947

4,000

4,000

No Change From 2025/2026 Budget

TOTAL MAINTENANCE EXPENDITURES

$	3,947

$	99,508

$	129,508

ADMINISTRATIVE EXPENDITURES

Supervisor Fees

2,800

5,000

5,000

No Change From 2025/2026 Budget

Payroll Taxes (Employer)

214

400

400

Projected At 8% Of Supervisor Fees

Management

33,348

34,308

35,232

CPI Adjustment

Secretarial

4,200

4,200

4,200

No Change From 2025/2026 Budget

Legal

13,137

10,500

11,500

$1,000 Increase From 2025/2026 Budget

Assessment Roll

7,500

7,500

7,500

As Per Contract

Audit Fees

3,500

3,600

3,700

Accepted Amount For 2025/2026 Audit

Arbitrage Rebate Fee

650

650

650

No Change From 2025/2026 Budget

Insurance

6,858

7,300

8,200

Fiscal Year 2025/2026 Expenditure Was $7,769

Legal Advertisements

4,173

3,500

4,000

$500 Increase From 2025/20265 Budget

Miscellaneous

803

800

800

No Change From 2025/2026 Budget

Postage

1,422

450

425

$25 Decrease From 2025/2026 Budget

Office Supplies

1,024

450

450

No Change From 2025/2026 Budget

Dues & Subscriptions

175

175

175

No Change From 2025/2026 Budget

Trustee Fees

4,246

4,100

4,200

$100 Increase 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

TOTAL ADMINISTRATIVE EXPENDITURES

$	86,400

$	85,283

$	88,782

TOTAL EXPENDITURES

$	90,347

$	184,791

$	218,290

REVENUES LESS EXPENDITURES

$	570,280

$	566,456

$	533,154

Bond Payments

(530,049)

(524,213)

(524,213)

2027 Principal & Interest Payments

BALANCE

$	40,231

$	42,243

$	8,941

County Appraiser & Tax Collector Fee

(6,303)

(14,081)

(14,080)

Two Percent Of Total Assessment Roll

Discounts For Early Payments

(22,696)

(28,162)

(28,161)

Four Percent Of Total Assessment Roll

EXCESS/ (SHORTFALL)

$	11,232

$	-

$	(33,300)

Carryover From Prior Year

0

0

33,300

Carryover From Prior Year

NET EXCESS/ (SHORTFALL)

$	11,232

$	-

$	-

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

Series 2014 Refunding Bond Information

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

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

Annual Principal Payments Due =
Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1/1/2026 =

$1,860,000

Original Principal Amount Due In May 2029: $2,225,000
Current Principal Amount Due In May 2029: $880,000

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income

14,753

1,200

1,500

Projected Interest For 2026/2027

NAV Tax Collection

530,049

524,213

524,213

NAV Tax Collection

Total Revenues

$	544,802

$	525,413

$	525,713

EXPENDITURES

Principal Payments

305,000

315,000

325,000

Principal Payment Due In 2027

Interest Payments

93,459

71,321

53,226

Interest Payments Due In 2027

Additional Principal Payments

225,000

139,092

147,487

Additional Principal Payments

Total Expenditures

$	623,459

$	525,413

$	525,713

Excess/ (Shortfall)

$	(78,657)

$	-

$	-

Islands At Doral (NE) Community Development District Assessment Comparison

Fiscal Year 2023/2024
Assessment
Before Discount*

Fiscal Year 2024/2025
Assessment
Before Discount*

Fiscal Year 2025/2026
Assessment
Before Discount*

Fiscal Year 2026/2027
Projected Assessment
Before Discount*

Administrative For Single Family Homes
Maintenance For Single Family Homes Debt For Single Family Homes

$
$

108.50
13.03

$
$

166.58
16.03

$
$

168.94
199.36

$
$

168.86
199.36

 $	1,587.68

 $	1,587.68

 $	1,587.68

 $	1,587.68

Total

$

1,709.21

$

1,770.29

$

1,955.98

$

1,955.90

Administrative For Townhomes
Maintenance For Townhomes Debt For Townhomes

$
$

108.50
13.03

$
$

166.58
16.03

$
$

168.94
199.36

$
$

168.86
199.36

 $	1,133.61

 $	1,133.61

 $	1,133.61

 $	1,133.61

Total

$

1,255.14

$

1,316.22

$

1,501.91

$

1,501.83

Administrative For Condominiums
Maintenance For Condominiums Debt For Condominiums

$
$

108.50
13.03

$
$

166.58
16.03

$
$

168.94
199.36

$
$

168.86
199.36

 $	906.57

 $	906.57

 $	906.57

 $	906.57

Total

$

1,028.10

$

1,089.18

$

1,274.87

$

1,274.79

* Assessments Include the Following :

4% Discount for Early Payments 1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:

Single Family Homes Townhomes Condominiums
Total Units

66
125
340
531

IV