GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT

MIAMI-DADE COUNTY REGULAR BOARD MEETING OCTOBER 23, 2024
8:00 A.M.

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

786.313.3661 Telephone 877.SDS.4922 Toll Free 561.630.4923 Facsimile

AGENDA GRAND BAY AT DORAL
COMMUNITY DEVELOPMENT DISTRICT
Grand Central Clubhouse 10551 NW 88th Street Doral, Florida 33178
REGULAR BOARD MEETING
October 23, 2024
10:00 a.m.

Call to Order
Proof of Publication…	Page 1
Establish Quorum
Additions or Deletions to Agenda
Comments from the Public for Items Not on the Agenda
Approval of Minutes
September 18, 2024 Special Board Meeting & Public Hearing…	Page 2
Old Business
New Business
Consider Resolution No. 2024-07 – Adopting a Fiscal Year 2023/2024 Amended Budget…	Page 6
Administrative Matters
Board Member & Staff Closing Comments
Adjourn

AFFIDAVIT OF PUBLICATION

Account #	Order Number	Identification	Order PO	Amount	Cols	Depth	
141987	599454	Print Legal Ad-IPL01978550 - IPL0197855		$721.85	2	48 L	

Attention:

Laura J. Archer

PUBLISHED DAILY

Grand Bay at Doral Community Development District c/o Special District Services, Inc.
2501A Burns Road
Palm Beach Gardens, Florida 33410 LArcher@sdsinc.org

MIAMI-DADE-FLORIDA
STATE OF FLORIDA COUNTY OF MIAMI-DADE
Before the undersigned authority personally appeared: Mary Castro, who on oath says that he/she is CUSTODIAN OF RECORDS of The Miami Herald, a daily newspaper published at Miami in Miami-Dade County, Florida; that the attached copy of the advertisement that was published was published in said newspaper in the issue
(s) of:
Publication: Miami Herald 1 insertion(s) published on:
10/10/24

Affiant further says that the said Miami Herald is a newspaper published at Miami, in the said Miami-Dade County, Florida and that the said newspaper has heretofore been continuously published in said Dade County, Florida each day and has been entered a second class mail matter at the post office in Miami, in said Miami-Dade County, Florida, for a period of two years next preceding the first publication of the attached copy of advertisement; and affiant further says that he/she has neither paid or promised any person, firm or corporation any discount, rebate, commission or refund for the purpose of securing this advertisement for publication in the said newspaper(s).The McClatchy Company complies with all legal requirements for publication in chapter 50, Florida Statutes.

Sworn to and subscribed before me this 10th day of October in the year of 2024

Notary Public in and for the state of Texas, residing in Dallas County

Extra charge for lost or duplicate affidavits. Legal document please do not destroy!

GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT SPECIAL BOARD MEETING AND PUBLIC HEARING
SEPTEMBER 18, 2024

CALL TO ORDER

District Manager Armando Silva called the September 18, 2024, Special Board Meeting of the Grand Bay at Doral Community Development District (the “District”) to order at 10:35 a.m. in the Grand Central Clubhouse located at 10551 NW 88th Street, Doral, Florida 33178.

PROOF OF PUBLICATION

Mr. Silva presented proof of publication that notice of the Special Board Meeting had been published in the Miami Herald on August 30, 2024, & September 6, 2024, as legally required.

ESTABLISH A QUORUM

Mr. Silva determined that the attendance of the following Board Members constituted a quorum and it was in order to proceed with the meeting: Chairperson Josef Correia and Vice-Chairperson Stephanie Delavalle (formerly, “Stephanie Mejia”) and Assistant Secretary Carlos Rinaldi

Staff in attendance included: District Manager Armando Silva and Associate District Manager Pablo Jerez of Special District Services, Inc.; and District 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
May 23, 2024, Special Board Meeting
Mr. Silva presented the May 23, 2023, Special Board Meeting minutes and asked if there were any comments and/or changes. There being no changes, a motion was made by Ms. Delavalle, seconded by Mr. Correia and unanimously passed to approve the May 23, 2024, Special Board Meeting minutes, as presented.

Old Business

There was no old business to discuss at the moment

NEW BUSINESS

Consider Resolution No. 2024-03 – Resetting Public Hearing Date to Adopt Fiscal Year 2024/2025 Final Budget

Mr. Silva Presented Resolution No. 2024-03, entitled:

RESOLUTION NO. 2024-03

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT REGARDING THE PROPOSED BUDGET FOR FISCAL YEAR 2024/2025; PROVIDING FOR AMENDING RESOLUTION NO. 2024-01 WHICH APPROVED THE PROPOSED BUDGET AND NON-AD VALOREM SPECIAL ASSESSMENTS; AND AUTHORIZED THE SETTING OF THE PUBLIC HEARING DATE FOR PUBLIC COMMENT AND FINAL BUDGET ADOPTION; AND PROVIDING AN EFFECTIVE DATE.
Mr. Silva read the title into the record and advised that because the August 28, 2024, Public Hearing had been rescheduled to September 18, 2024, it was in order to amend Resolution No. 2024-01. A discussion ensued after which:
A motion was made by Ms. Delavalle, seconded by Mr. Correia and passed unanimously approving Resolution 2024-02, as presented; thereby, amending Resolution 2024-01.

Consider Resolution No. 2024-04 Adopting a Fiscal Year 2024/2025 Meeting Schedule

Mr. Silva Presented Resolution No. 2024-04, entitled:

RESOLUTION NO. 2024-04

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT, ESTABLISHING A REGULAR MEETING SCHEDULE FOR FISCAL YEAR 2024/2025 AND SETTING THE TIME AND LOCATION OF SAID DISTRICT MEETINGS; AND PROVIDE AN EFFECTIVE DATE.

Mr. Silva provided an explanation for the document. A discussion ensued after which:

A motion was made by Ms. Delavalle, seconded by Mr. Correia and unanimously passed to approve and adopt Resolution No. 2024-04, as amended, thereby setting the Grand Bay at Doral Community Development District fiscal year 2024-2025 regular meeting schedule and authorizing the publication of said schedule, as required by law.

Consider Resolution No. 2024-05 Adopting Goals and Objectives

Mr. Silva Presented Resolution No. 2024-05, entitled:

RESOLUTION NO. 2024-05

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT ADOPTING GOALS, OBJECTIVES, AND PERFORMANCE MEASURES AND STANDARDS; PROVIDING A SEVERABILITY CLAUSE; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva explained that effective July 1, 2024, the Florida Legislature adopted House Bill 7013(“HB 7013”) whereas beginning October 1, 2024, the District shall establish goals and objectives and create performance measures and standards to evaluate the District’s achievement of those goals and objectives. A discussion ensued after which;

A motion was made by Mr. Correia, seconded by Ms. Delavalle and unanimously passed to approve Resolution No. 2024-05; as presented.

Note: At approximately 10:51 a.m., Mr. Silva recessed the Special Board Meeting and simultaneously opened the Public Hearing.

PUBLIC HEARING
Proof of Publication

Mr. Silva presented proof of publication that notice of the Public Hearing had been published in the
Miami Herald on August 30, 2024, & September 6, 2024, as legally required.
Receive Public Comment on the Fiscal Year 2024/2025 Final Budget & Assessments
Mr. Silva opened the public comment portion of the Public Hearing to receive comments on the fiscal year 2024/2025 budget and non-ad valorem special assessments. There being no public in attendance or public comments, Mr. Silva closed the public comment portion of the Public Hearing

Consider Resolution No. 2024-06 – Adopting a Fiscal Year 2024/2025 Final Budget

Mr. Silva presented Resolution No. 2024-06, entitled:
RESOLUTION NO. 2024-06
A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT APPROVING AND ADOPTING A FISCAL YEAR 2024/2025 FINAL BUDGET INCLUDING NON-AD VALOREM SPECIAL ASSESSMENTS; AND PROVIDING AN EFFECTIVE DATE.

Mr. Silva read the title of the resolution into the record and stated that the document provides for the adoption of the fiscal year 2024/2025 final budget and non-ad valorem special assessment tax roll. A copy of the tax roll was provided at the meeting. A discussion ensued after which:

A motion was made by Mr. Correia, seconded by Mr. Rinaldi and unanimously passed to approve and adopt Resolution No. 2024-06, as presented, thereby setting the Grand Bay at Doral

Community Development District fiscal year 2024/2025 final budget and approving the non-ad valorem special assessment tax roll.
Note: At approximately 10:41 a.m., Mr. Silva closed Public Hearing and simultaneously reconvened the Special Board Meeting.

ADMINISTRATIVE & OPERATIONAL MATTERS

Legislative Update

Ms. Wald prepared a memorandum summarizing the legislative acts that had become law during the most recent legislative session. Ms. Wald provided the Board with an explanation of the laws that pertain to the District and indicated that if they had any questions regarding these new laws, they may contact the District Manager or her office.

BOARD MEMBER & STAFF CLOSING COMMENTS

Mr. Silva stated, unless an emergency were to arise, the District would not meet again until October or November.

ADJOURNMENT

There being no further business to come before the Board, a motion was made by Ms. Delavalle, seconded by Mr. Correia and unanimously passed to adjourn the Special Board Meeting at 10:51 a.m.

Secretary/Assistant Secretary	Chairperson/Vice-Chairperson

RESOLUTION NO. 2024-07

A RESOLUTION OF THE BOARD OF SUPERVISORS OF THE GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT AUTHORIZING AND ADOPTING AN AMENDED FINAL FISCAL YEAR 2023/2024 BUDGET (“AMENDED BUDGET”), PURSUANT TO CHAPTER 189, FLORIDA STATUTES; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the Board of Supervisors of the Grand Bay at Doral Community Development District (the “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 GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT, THAT:

Section 1.  The Amended Budget for Fiscal Year 2023/2024 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 23rd day of October, 2024

ATTEST:	GRAND BAY AT DORAL
COMMUNITY DEVELOPMENT DISTRICT

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

Grand Bay At Doral Community Development District

Amended Final Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

AMENDED FINAL OPERATING FUND BUDGET

AMENDED FINAL DORAL BREEZE OPERATING FUND BUDGET

AMENDED FINAL MIDTOWN OPERATING FUND BUDGET

AMENDED FINAL NORTH OPERATING FUND BUDGET

AMENDED FINAL SOUTH OPERATING FUND BUDGET

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2022 - DORAL BREEZE)

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2014 - MIDTOWN)

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2014 - NORTH)

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2007 - SOUTH)

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND - ALL UNITS
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Administrative Assessments	134,632	147,290	147,290	
Maintenance Assessments	346,701	346,102	346,102	
Direct Bill O&M Assessments	0	0	0	
Debt Assessments - A Bonds	2,300,554	2,282,971	2,282,971	
Debt Assessments - A-1 Bonds	985,790	987,356	987,356	
Debt Assessments - A-2 Bonds	866,004	867,536	867,536	
Other Revenues	0	0	0	
Interest Income	1,000	52,000	51,884	
TOTAL REVENUES	$	4,634,681	$	4,683,255	$	4,683,139	
				
EXPENDITURES				
ADMINISTRATIVE EXPENDITURES				
Management	37,731	37,731	37,731	
Supervisor Fees	3,000	2,400	2,400	
Payroll Taxes	232	184	184	
Field Operations	7,320	7,320	7,320	
Legal	21,500	18,000	13,917	
Assessment Roll	10,000	10,000	10,000	
Audit Fees	8,000	7,200	7,200	
Arbitrage Rebate Fee	3,000	3,000	2,500	
Insurance - GL & Public Officials Liability Insurance	9,370	9,522	9,522	
Insurance - Property Coverage	6,800	0	0	
Legal Advertisements	1,400	6,675	4,475	
Miscellaneous	2,500	1,605	605	
Postage	775	526	526	
Office Supplies	1,450	782	782	
Dues & Subscriptions	175	175	175	
Trustee Fees	21,500	19,500	19,500	
Continuing Disclosure Fee	2,000	2,000	2,000	
Website Management	2,000	2,000	2,000	
Property Taxes	750	0	0	
Administrative Contingency	2,001	2,001	0	
TOTAL ADMINISTRATIVE EXPENDITURES	$	141,504	$	130,621	$	120,837	
				
MAINTENANCE EXPENDITURES				
Preserve Area Maintenance/Upkeep	90,000	90,000	81,923	
Miscellaneous Maintenance	22,000	22,000	4,687	
Lawn/Landscape Service - Median/Right Of Way MTE	10,000	0	0	
Mulch/Fertilizer/Pesticide	1,400	0	0	
Lift Station/Sewer Line MTE (Adagio)	10,000	88,618	68,618	
Lift Station/Sewer Line MTE (Midtown)	25,000	77,436	57,436	
Irrigation Systems Maintenance & Power	5,500	668	668	
Tree/Shrubbery Replacement	1,500	0	0	
Annual Engineer's Report & Misc Engineering	8,000	8,000	859	
Lake Tract MTE & Fountain MTE - DB & MT	21,000	25,454	19,454	
Roadway/Signage/Drainage	9,000	21,720	18,720	
Midtown Plaza Maintenance Reimbursement	110,000	101,000	74,922	
FPL Easement Maintenance/Upkeep	5,500	0	0	
FPL Power Sanitary Sewer Lift Stations	7,000	300	151	
TOTAL MAINTENANCE EXPENDITURES	$	325,900	$	435,196	$	327,438	
				
TOTAL EXPENDITURES	$	467,404	$	565,817	$	448,275	
				
REVENUES LESS EXPENDITURES	$	4,167,277	$	4,117,438	$	4,234,864	
				
Bond Payments (A)	(2,162,521)	(2,179,884)	(2,179,884)	
Bond Payments (A-1)	(926,643)	(945,389)	(945,389)	
Bond Payments (A-2)	(814,043)	(830,928)	(830,928)	
BALANCE	$	264,070	$	161,237	$	278,663	
				
County Appraiser & Tax Collector Fee	(92,673)	(44,666)	(44,666)	
Discounts For Early Payments	(185,347)	(157,837)	(157,837)	
				
Excess/ (Shortfall)	$	(13,950)	$	(41,266)	$	76,160	
				
Carryover From Prior Year	13,950	13,950	0	
				
Net Excess/ (Shortfall)	$	-	$	(27,316)	$	76,160	

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND - DORAL BREEZE
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Administrative Assessments	30,068	32,759	32,759	
Maintenance Assessments	39,468	39,461	39,461	
Debt Assessments - 2012 Bonds	730,663	730,864	730,864	
Other Revenues	0	0	0	
Interest Income	219	13,000	12,971	
				
TOTAL REVENUES	$	800,418	$	816,084	$	816,055	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Maintenance/Upkeep	13,600	18,925	17,925	
Miscellaneous Maintenance	1,000	1,103	1,003	
Irrigation Systems MTE & Power	3,000	668	668	
Lake Tract MTE & Fountain MTE	12,000	22,454	19,454	
Lawn/Landscape Service - Median Maintenance/Right Of Way	1,000	0	0	
Mulch/Fertilizer/Pesticide	200	0	0	
FPL Easement Maintenance Upkeep	1,000	0	0	
FPL Power Lake Fountains	0	0	0	
Irrigation Repairs	0	0	0	
Tree/Shrubbery Replacement	500	0	0	
Roadway/Signage/Drainage	4,000	18,720	15,720	
Annual Engineer's Report & Miscellaneous Engineering	800	800	0	
Total Maintenance Expenditures	37,100	62,670	54,770	
				
Administrative Expenditures				
Management	8,256	8,256	8,256	
Supervisor Fees	750	0	0	
Payroll Taxes	58	0	0	
Field Operations	1,050	1,050	1,050	
Legal	4,704	4,045	3,045	
Assessment Roll	2,188	2,188	2,188	
Audit Fees	1,750	1,575	1,575	
Arbitrage Rebate Fee	500	500	0	
Insurance - GL & Public Officials Liability Insurance	2,050	2,083	2,083	
Insurance - Property Coverage	300	0	0	
Legal Advertisements	306	1,479	979	
Miscellaneous	547	275	25	
Postage	129	115	115	
Office Supplies	318	171	171	
Dues & Subscriptions	38	38	38	
Trustee Fees	4,000	2,000	2,000	
Continuing Disclosure Fee	500	500	500	
Website Management	437	437	437	
Property Taxes	164	0	0	
Administrative Contingency	438	438	0	
Total Administrative Expenditures	28,483	25,150	22,462	
				
TOTAL EXPENDITURES	$	65,583	$	87,820	$	77,232	
				
REVENUES LESS EXPENDITURES	$	734,835	$	728,264	$	738,823	
				
Bond Payments (2012)	(686,823)	(698,850)	(698,850)	
				
BALANCE	$	48,012	$	29,414	$	39,973	
				
County Appraiser & Tax Collector Fee	(16,004)	(7,744)	(7,744)	
Discounts For Early Payments	(32,008)	(27,330)	(27,330)	
				
EXCESS/ (SHORTFALL)	$	-	$	(5,660)	$	4,899	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(5,660)	$	4,899	

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND - MIDTOWN
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Administrative Assessments	27,133	31,784	31,784	
Maintenance Assessments	189,840	190,311	190,311	
Direct Bill O&M Assessments	0	0	0	
Debt Assessments - 2014A-1 Bonds	631,354	632,917	632,917	
Debt Assessments - 2014A-2 Bonds	616,149	617,678	617,678	
Developer Contribution	0	0	0	
Other Revenues	0	0	0	
Interest Income	89	13,000	12,971	
				
TOTAL REVENUES	$	1,464,565	$	1,485,690	$	1,485,661	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Maintenance/Upkeep	13,700	10,400	7,209	
Miscellaneous Maintenance	10,000	10,000	3,334	
Lawn/Landscape Service - Median/Right Of Way MTE	0	0	0	
Mulch/Fertilizer/Pesticide	0	0	0	
Lift Station/Sanitary Sewer Line MTE (Midtown)	25,000	77,436	57,436	
Irrigation Systems MTE & Power	1,500	0	0	
Tree/Shrubbery Replacement	0	0	0	
Roadways/Signage/Drainage	500	3,000	3,000	
Midtown Plaza Maintenance Reimbursement	110,000	101,000	74,922	
FPL Easement Maintenance/Upkeep	2,250	0	0	
FPL Power Sanitary Sewer Lift Stations	4,500	0	0	
Lake Tract MTE & Fountain MTE	9,000	3,000	0	
Annual Engineer's Report & Miscellaneous Engineering	2,000	2,000	97	
Total Maintenance Expenditures	$	178,450	$	206,836	$	145,998	
				
Administrative Expenditures				
Management	3,416	3,416	3,416	
Supervisor Fees	750	0	0	
Payroll Taxes	58	0	0	
Field Operations	3,000	3,000	3,000	
Legal	1,892	1,725	1,225	
Assessment Roll	880	880	880	
Audit Fees	704	633	633	
Arbitrage Rebate Fee	1,000	1,000	1,000	
Insurance - GL & Public Officials Liability Insurance	825	838	838	
Insurance - Property Coverage	4,500	0	0	
Legal Advertisements	123	644	394	
Miscellaneous	220	292	42	
Postage	171	46	46	
Office Supplies	122	69	69	
Dues & Subscriptions	15	15	15	
Trustee Fees	7,000	7,000	7,000	
Continuing Disclosure Fee	500	500	500	
Website Management	176	176	176	
Property Taxes	66	0	0	
Administrative Contingency	176	176	0	
Total Administrative Expenditures	25,594	20,410	19,234	
				
TOTAL EXPENDITURES	$	204,044	$	227,246	$	165,232	
				
REVENUES LESS EXPENDITURES	$	1,260,521	$	1,258,444	$	1,320,429	
				
Bond Payments - Series 2014A-1	(593,473)	(606,999)	(606,999)	
Bond Payments - Series 2014A-2	(579,179)	(592,384)	(592,384)	
				
BALANCE	$	87,869	$	59,061	$	121,046	
				
County Appraiser & Tax Collector Fee	(29,289)	(14,243)	(14,243)	
Discounts For Early Payments	(58,579)	(45,898)	(45,898)	
				
EXCESS/ (SHORTFALL)	$	0	$	(1,080)	$	60,905	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	0	$	(1,080)	$	60,905	

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
OPERATING FUND - NORTH FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Administrative Assessments	15,747	17,335	17,335	
Maintenance Assessments	23,457	23,457	23,457	
Debt Assessments - 2014A-1 Bonds	354,436	354,439	354,439	
Debt Assessments - 2014A-2 Bonds	249,856	249,858	249,858	
Developer Contribution - Debt	0	0	0	
Other Revenues	0	0	0	
Interest Income	215	13,000	12,971	
				
TOTAL REVENUES	$	643,711	$	658,089	$	658,060	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Maintenance/Upkeep	13,700	18,687	17,687	
Miscellaneous Maintenance	1,000	1,000	0	
Lawn/Landscape Service - Median - Right Of Way Maintenance	1,000	0	0	
Mulch/Fertilizer/Pesticide	200	0	0	
Lift Station/Sewer Line MTE (Adagio)	2,500	63,258	53,258	
Irrigation Systems MTE & Power	300	0	0	
Tree/Shrubbery Replacement	0	0	0	
Roadways/Signage/Drainage	500	0	0	
FPL Easement Maintenance/Upkeep	500	0	0	
FPL Power Sanitary Sewer Lift Stations	750	300	151	
Annual Engineer's Report & Miscellaneous Engineering	1,600	1,600	237	
Total Maintenance Expenditures	22,050	84,845	71,333	
				
Administrative Expenditures				
Management	4,973	4,973	4,973	
Supervisor Fees	750	0	0	
Payroll Taxes	58	0	0	
Field Operations	1,037	1,037	1,037	
Legal	4,642	4,005	3,005	
Assessment Roll	2,160	2,159	2,159	
Audit Fees	1,727	1,555	1,555	
Arbitrage Rebate Fee	1,000	1,000	1,000	
Insurance - GL & Public Officials Liability Insurance	2,023	2,056	2,056	
Insurance - Property Coverage	750	0	0	
Legal Advertisements	302	1,466	966	
Miscellaneous	540	353	103	
Postage	127	114	114	
Office Supplies	314	169	169	
Dues & Subscriptions	38	38	38	
Trustee Fees	7,000	7,000	7,000	
Continuing Disclosure Fee	500	500	500	
Website Management	432	431	431	
Property Taxes	162	0	0	
Administrative Contingency	432	432	0	
Total Administrative Expenditures	28,967	27,288	25,106	
				
TOTAL EXPENDITURES	$	51,017	$	112,133	$	96,439	
				
REVENUES LESS EXPENDITURES	$	592,694	$	545,956	$	561,621	
				
Bond Payments - Series 2014A-1	(333,170)	(338,390)	(338,390)	
Bond Payments - Series 2014A-2	(234,864)	(238,544)	(238,544)	
				
BALANCE	$	24,660	$	(30,978)	$	(15,313)	
				
County Appraiser & Tax Collector Fee	(12,870)	(6,213)	(6,213)	
Discounts For Early Payments	(25,740)	(22,933)	(22,933)	
				
EXCESS/ (SHORTFALL)	$	(13,950)	$	(60,124)	$	(44,459)	
				
Carryover From Prior Year	13,950	13,950	0	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(46,174)	$	(44,459)	

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
OPERATING FUND - SOUTH FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Administrative Assessments	61,684	65,412	65,412	
Maintenance Assessments	93,936	92,873	92,873	
Direct Bill O&M Assessments	0	0	0	
Debt Assessments	1,569,891	1,552,107	1,552,107	
Other Revenues	0	0	0	
Interest Income	477	13,000	12,971	
				
TOTAL REVENUES	$	1,725,988	$	1,723,392	$	1,723,363	
				
EXPENDITURES				
Maintenance Expenditures				
Preserve Area Maintenance/Upkeep	49,000	41,988	39,102	
Miscellaneous Maintenance	10,000	9,897	350	
Lawn/Landscape Service - Median - Right Of Way Maintenance	8,000	0	0	
Mulch/Fertilizer/Pesticide	1,000	0	0	
Lift Station/Sewer Line MTE (Adagio)	7,500	25,360	15,360	
Irrigation Systems MTE & Power	700	0	0	
Tree/Shrubbery Replacement	1,000	0	0	
Roadways/Signage/Drainage	4,000	0	0	
FPL Easement Maintenance/Upkeep	1,750	0	0	
FPL Power Sanitary Sewer Lift Stations	1,750	0	0	
Annual Engineer's Report & Miscellaneous Engineering	3,600	3,600	525	
Total Maintenance Expenditures	88,300	80,845	55,337	
				
Administrative Expenditures				
Management	21,086	21,086	21,086	
Supervisor Fees	750	2,400	2,400	
Payroll Taxes	58	184	184	
Field Operations	2,233	2,233	2,233	
Legal	10,262	8,225	6,642	
Assessment Roll	4,772	4,773	4,773	
Audit Fees	3,819	3,437	3,437	
Arbitrage Rebate Fee	500	500	500	
Insurance - GL & Public Officials Liability Insurance	4,472	4,545	4,545	
Insurance - Property Coverage	1,250	0	0	
Legal Advertisements	669	2,886	2,136	
Miscellaneous	1,193	886	435	
Postage	348	251	251	
Office Supplies	696	373	373	
Dues & Subscriptions	84	84	84	
Trustee Fees	3,500	3,500	3,500	
Continuing Disclosure Fee	500	500	500	
Website Management	955	955	955	
Property Taxes	358	0	0	
Administrative Contingency	955	955	0	
Total Administrative Expenditures	58,460	57,773	54,034	
				
TOTAL EXPENDITURES	$	146,760	$	138,618	$	109,371	
				
REVENUES LESS EXPENDITURES	$	1,579,228	$	1,584,774	$	1,613,992	
				
Bond Payments - Series 2016	(1,475,697)	(1,481,034)	(1,481,034)	
				
BALANCE	$	103,531	$	103,740	$	132,958	
				
County Appraiser & Tax Collector Fee	(34,510)	(16,466)	(16,466)	
Discounts For Early Payments	(69,020)	(61,676)	(61,676)	
				
EXCESS/ (SHORTFALL)	$	0	$	25,598	$	54,816	
				
Carryover From Prior Year	0	0	0	
				
NET EXCESS/ (SHORTFALL)	$	0	$	25,598	$	54,816	

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND SERIES 2022 - DORAL BREEZE)
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Interest Income	100	16,700	16,662	
NAV Tax Collection	686,823	698,850	698,850	
Miscellaneous Revenue	0	0	0	
Total Revenues	$	686,923	$	715,550	$	715,512	
				
EXPENDITURES				
Principal Payments (2022)	321,000	321,000	321,000	
Interest Payments (2022)	349,500	355,920	355,920	
Miscellaneous	0	0	0	
Bond Redemption	16,423	0	0	
Total Expenditures	$	686,923	$	676,920	$	676,920	
				
Excess/ (Shortfall)	$	-	$	38,630	$	38,592	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$268,781	
$38,630	
$307,411	

Notes
Revenue Account Balance = $303,411.
Revenue Account Balance To Be Used To Fund 11-1-24 Interest Payment Of $171,540.
* Approximate Amounts

Series 2012 (Doral Breeze) Bond Information
Original Par Amount =	$11,625,000	Annual Principal Payments Due:	
Interest Rate =	5.125% - 6.00%	November 1st	
Issue Date =	October 2012	Annual Interest Payments Due:	
Maturity Date =
Par Amount As Of 9-30-24 =	November 2042
$0	May 1st & November 1st	
Bond was refinanced on 8-4-22	Balance Paid Off On 11/1/23		

Series 2022 (Doral Breeze) Bond Refunding Information
Original Par Amount =	$9,206,000	Annual Principal Payments Due:	
Interest Rate =	4.00%	November 1st	
Issue Date =	August 2022	Annual Interest Payments Due:	
Maturity Date =

Par Amount As Of 9/30/24 =	November 2042

$8,577,000	May 1st & November 1st	

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2014 - MIDTOWN)
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET 10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Interest Income (2014A-1)	200	53,470	53,436	
Interest Income (2014A-2)	200	52,230	52,202	
NAV Tax Collection (2014-1)	593,473	604,461	604,461	
NAV Tax Collection (2014-2)	579,179	593,585	593,585	
Total Revenues	$	1,173,052	$	1,303,746	$	1,303,684	
				
EXPENDITURES				
Principal Payments (2014A-1)	170,000	170,000	170,000	
Principal Payments (2014A-2)	215,000	215,000	215,000	
Interest Payments (2014A-1)	419,768	424,230	424,230	
Interest Payments (2014A-2)	360,428	366,744	366,744	
Bond Redemption - Series 2014A-1	3,905	0	0	
Bond Redemption - Series 2014A-2	3,951	0	0	
Total Expenditures	$	1,173,052	$	1,175,974	$	1,175,974	
				
Excess/ (Shortfall)	$	-	$	127,772	$	127,710	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$2,091,272	
$127,772	
$2,219,044	

Notes
Reserve (A-1) Fund Balance = $606,863*. Reserve (A-2) Fund Balance = $591,736* Revenue (A-1) Fund Balance = $522,802*. Revenue (A-2) Fund Balance = $497,643* Revenue (A-1) Fund Balance To Be Used To Make 11-1-24 Interest Payment Of $207,652. Revenue (A-2) Fund Balance To Be Used To Make 11-1-24 Interest Payment Of $177,056.
* Approximate Amounts

Series 2014-1 Bond Information	
Original Par Amount =	$8,390,000	Annual Principal Payments Due:	
Interest Rate =	5.25% - 5.90%	May 1st	
Issue Date =	October 2014	Annual Interest Payments Due:	
Maturity Date =	May 2045	May 1st & November 1st	
Par Amount As Of 9/30/24 =	$7,125,000		

Series 2014-2 Bond Refunding Information	
Original Par Amount =	$7,095,000	Annual Principal Payments Due:	
Interest Rate =	5.875% - 6.5%	May 1st	
Issue Date =	October 2014	Annual Interest Payments Due:	
Maturity Date =	May 2039	May 1st & November 1st	
Par Amount As Of 9/30/24 =	$5,545,000		

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2014 - NORTH)
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Interest Income (2014A-1)	150	18,300	18,300	
Interest Income (2014A-2)	100	10,936	10,936	
NAV Tax Collection (2014-1)	333,170	338,390	338,390	
NAV Tax Collection (2014-2)	234,864	238,544	238,544	
Total Revenues	$	568,284	$	606,170	$	606,170	
				
EXPENDITURES				
Principal Payments (2014A-1)	95,000	95,000	95,000	
Principal Payments (2014A-2)	110,000	110,000	110,000	
Interest Payments (2014A-1)	236,150	238,050	238,050	
Interest Payments (2014A-2)	123,800	126,000	126,000	
Bond Redemption - Series 2014A-1	2,170	0	0	
Bond Redemption - Series 2014A-2	1,164	0	0	
Total Expenditures	$	568,284	$	569,050	$	569,050	

Excess/ (Shortfall)	
$	-	
$	37,120	
$	37,120	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$535,241	
$37,120	
$572,361	

Notes
Reserve (2014A-1) Fund Balance = $144,701*. Reserve (2014A-2) Fund Balance = $60,027* Revenue (2014A-1) Fund Balance = $221,446*. Revenue (2014A-2) Fund Balance = $146,187* Revenue (2014A-1) Fund Balance To Be Used To Make 11-1-24 Interest Payment Of $117,125. Revenue (2014A-2) Fund Balance To Be Used To Make 11-1-24 Interest Payment Of $60,800.
* Approximate Amounts

Series 2014-1 Bond Information	
Original Par Amount =	$5,450,000	Annual Principal Payments Due:	
Interest Rate =	4.00% - 5.00%	May 1st	
Issue Date =	November 2014	Annual Interest Payments Due:	
Maturity Date =	May 2045	May 1st & November 1st	
Par Amount As Of 9/30/24 =	$4,705,000		

Series 2014-2 Bond Refunding Information	
Original Par Amount =	$3,295,000	Annual Principal Payments Due:	
Interest Rate =	4.00% - 5.00%	May 1st	
Issue Date =	November 2014	Annual Interest Payments Due:	
Maturity Date =	May 2039	May 1st & November 1st	
Par Amount As Of 9/30/24 =	$2,455,000		

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2016 - SOUTH)
FISCAL YEAR 2023/2024 OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET
10/1/23 - 9/30/24	AMENDED FINAL BUDGET
10/1/23 - 9/30/24	YEAR TO DATE ACTUAL
10/1/23 - 9/29/24	
Interest Income	250	87,950	87,933	
Miscellaneous Income	0	0	0	
NAV Tax Collection	1,475,698	1,481,034	1,481,034	
Total Revenues	$	1,475,948	$	1,568,984	$	1,568,967	
				
EXPENDITURES				
Principal Payments	500,000	500,000	500,000	
Interest Payments	969,888	980,513	980,513	
Transfer To Construction Account	0	45,231	45,231	
Bond Redemption	6,060	0	0	
Total Expenditures	$	1,475,948	$	1,525,744	$	1,525,744	
				
Excess/ (Shortfall)	$	-	$	43,240	$	43,223	

FUND BALANCE AS OF 9/30/23	
FY 2023/2024 ACTIVITY	
FUND BALANCE AS OF 9/30/24	

$1,687,133	
$43,240	
$1,730,373	

Notes
Reserve Fund Balance = $895,041* Revenue Fund Balance = $835,332*. Revenue Fund Used To Fund 11-1-24 Interest Payment Of $479,631.
* Approximate Amounts

Original Par Amount =	$27,635,000	Annual Principal Payments Due:	
Interest Rate =	3.5% - 5.00%	May 1st	
Issue Date =	March 2016	Annual Interest Payments Due:	
Maturity Date =
Par Amount As Of 9/30/2024=	May 2046
$19,700,000	May 1st & November 1st	

	Series 2016 (South) Bond Information