Grand Bay At Doral Community Development District

Amended Final Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

I

AMENDED FINAL OPERATING FUND BUDGET

II

AMENDED FINAL DORAL BREEZE OPERATING FUND BUDGET

III

AMENDED FINAL MIDTOWN OPERATING FUND BUDGET

IV

AMENDED FINAL NORTH OPERATING FUND BUDGET

V

AMENDED FINAL SOUTH OPERATING FUND BUDGET

VI

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

VII

AMENDED FINAL DEBT SERVICE FUND BUDGET (SERIES 2014 & 2025 - MIDTOWN)

VIII

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

IX

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 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

I

10/13/2025 5:56 PM

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

145,593

0

147,758

Maintenance Assessments

369,009

369,473

369,473

Direct Bill O&M Assessments

0

0

0

Debt Assessments - A Bonds

2,300,554

2,299,991

2,299,991

Debt Assessments - A-1 Bonds

985,790

987,372

987,372

Debt Assessments - A-2 Bonds

866,004

867,549

867,549

Other Revenues

0

3,647

3,647

Interest Income

1,000

41,742

41,742

TOTAL REVENUES

$	4,667,950

$	4,569,774

$	4,717,532

EXPENDITURES

ADMINISTRATIVE EXPENDITURES

Management

38,856

38,856

38,856

Supervisor Fees

3,000

2,800

2,800

Payroll Taxes

232

214

214

Field Operations

7,320

7,320

7,320

Legal

21,500

20,786

16,786

Assessment Roll

10,000

10,000

10,000

Audit Fees

8,000

7,300

7,300

Arbitrage Rebate Fee

3,000

3,000

3,000

Insurance - GL & Public Officials Liability Insurance

10,000

10,075

10,075

Insurance - Property Coverage

6,800

0

0

Legal Advertisements

2,500

6,884

4,884

Miscellaneous

2,000

1,979

979

Postage

775

250

250

Office Supplies

1,450

783

783

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

2,000

2,000

0

TOTAL ADMINISTRATIVE EXPENDITURES

$	143,858

$	135,922

$	126,922

MAINTENANCE EXPENDITURES

Preserve Area Maintenance/Upkeep

100,000

132,887

107,887

Miscellaneous Maintenance

24,468

29,876

24,876

Lawn/Landscape Service - Median/Right Of Way MTE

8,000

4,000

0

Mulch/Fertilizer/Pesticide

1,400

0

0

Lift Station/Sewer Line MTE (Adagio)

22,500

32,132

22,132

Lift Station/Sewer Line MTE (Midtown)

25,000

55,386

40,386

Irrigation Systems Maintenance & Power

5,500

1,443

1,443

Tree/Shrubbery Replacement

1,500

0

0

Annual Engineer's Report & Misc Engineering

8,000

11,687

11,687

Lake Tract MTE & Fountain MTE - DB & MT

21,000

30,000

20,054

Roadway/Signage/Drainage

7,000

0

0

Midtown Plaza Maintenance Reimbursement

110,000

110,000

99,895

FPL Easement Maintenance/Upkeep

5,500

0

0

FPL Power Sanitary Sewer Lift Stations

7,000

0

0

TOTAL MAINTENANCE EXPENDITURES

$	346,868

$	407,411

$	328,360

TOTAL EXPENDITURES

$	490,726

$	543,333

$	455,282

REVENUES LESS EXPENDITURES

$	4,177,224

$	4,026,441

$	4,262,250

Bond Payments (A)

(2,162,521)

(2,196,192)

(2,196,192)

Bond Payments (A-1)

(926,643)

(950,690)

(950,690)

Bond Payments (A-2)

(814,043)

(836,004)

(836,004)

BALANCE

$	274,017

$	43,555

$	279,364

County Appraiser & Tax Collector Fee

(93,338)

(45,186)

(45,186)

Discounts For Early Payments

(186,679)

(146,707)

(146,707)

Excess/ (Shortfall)

$	(6,000)

$	(148,338)

$	87,471

Carryover From Prior Year

6,000

0

0

Net Excess/ (Shortfall)

$	-

$	(148,338)

$	87,471

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND - DORAL BREEZE
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

II

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

29,557

32,533

32,533

Maintenance Assessments

39,894

39,926

39,926

Debt Assessments - 2012 Bonds

730,663

730,667

730,667

Other Revenues

0

798

798

Interest Income

219

10,436

10,436

TOTAL REVENUES

$	800,333

$	814,360

$	814,360

EXPENDITURES

Maintenance Expenditures

Preserve Area Maintenance/Upkeep

15,000

25,606

23,606

Miscellaneous Maintenance

1,000

768

768

Irrigation Systems MTE & Power

3,000

1,443

1,443

Lake Tract MTE & Fountain MTE

12,000

30,000

20,054

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

3,000

0

0

Annual Engineer's Report & Miscellaneous Engineering

800

2,036

2,036

Total Maintenance Expenditures

37,500

59,853

47,907

Administrative Expenditures

Management

8,508

8,508

8,508

Supervisor Fees

750

0

0

Payroll Taxes

58

0

0

Field Operations

1,050

1,050

1,050

Legal

4,704

4,673

3,673

Assessment Roll

2,188

2,188

2,188

Audit Fees

1,750

1,597

1,597

Arbitrage Rebate Fee

500

0

0

Insurance - GL & Public Officials Liability Insurance

2,188

2,204

2,204

Insurance - Property Coverage

300

0

0

Legal Advertisements

547

1,569

1,069

Miscellaneous

437

425

175

Postage

129

55

55

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

436

436

Property Taxes

164

0

0

Administrative Contingency

437

437

0

Total Administrative Expenditures

29,003

25,851

23,664

TOTAL EXPENDITURES

$	66,503

$	85,704

$	71,571

REVENUES LESS EXPENDITURES

$	733,830

$	728,656

$	742,789

Bond Payments (2012)

(686,823)

0

(698,967)

BALANCE

$	47,007

$	728,656

$	43,822

County Appraiser & Tax Collector Fee

(16,002)

0

(7,751)

Discounts For Early Payments

(32,005)

0

(26,982)

EXCESS/ (SHORTFALL)

$	(1,000)

$	728,656

$	9,089

Carryover From Prior Year

1,000

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	728,656

$	9,089

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND - MIDTOWN
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

III

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

26,822

38,393

38,393

Maintenance Assessments

189,096

189,560

189,560

Direct Bill O&M Assessments

0

0

0

Debt Assessments - 2014A-1 Bonds

631,354

632,936

632,936

Debt Assessments - 2014A-2 Bonds

616,149

617,692

617,692

Other Revenues

0

321

321

Interest Income

89

10,436

10,436

TOTAL REVENUES

$	1,463,510

$	1,489,338

$	1,489,338

EXPENDITURES

Maintenance Expenditures

Preserve Area Maintenance/Upkeep

15,000

18,494

9,494

Miscellaneous Maintenance

8,000

4,943

3,943

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

55,386

40,386

Irrigation Systems MTE & Power

1,500

0

0

Tree/Shrubbery Replacement

0

0

0

Roadways/Signage/Drainage

500

0

0

Midtown Plaza Maintenance Reimbursement

110,000

110,000

99,895

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

0

0

Annual Engineer's Report & Miscellaneous Engineering

2,000

3,366

3,366

Total Maintenance Expenditures

$	177,750

$	192,189

$	157,084

Administrative Expenditures

Management

3,516

3,516

3,516

Supervisor Fees

750

0

0

Payroll Taxes

58

0

0

Field Operations

3,000

3,000

3,000

Legal

1,892

2,477

1,477

Assessment Roll

880

880

880

Audit Fees

704

643

643

Arbitrage Rebate Fee

1,000

1,500

1,500

Insurance - GL & Public Officials Liability Insurance

880

887

887

Insurance - Property Coverage

4,500

0

0

Legal Advertisements

220

930

430

Miscellaneous

176

220

70

Postage

171

22

22

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

25,802

22,011

20,185

TOTAL EXPENDITURES

$	203,552

$	214,200

$	177,269

REVENUES LESS EXPENDITURES

$	1,259,958

$	1,275,138

$	1,312,069

Bond Payments - Series 2014A-1

(593,473)

(611,951)

(611,951)

Bond Payments - Series 2014A-2

(579,179)

(597,212)

(597,212)

BALANCE

$	87,306

$	65,975

$	102,906

County Appraiser & Tax Collector Fee

(29,268)

(14,420)

(14,420)

Discounts For Early Payments

(58,537)

(34,315)

(34,315)

EXCESS/ (SHORTFALL)

$	(499)

$	17,240

$	54,171

Carryover From Prior Year

500

0

0

NET EXCESS/ (SHORTFALL)

$	1

$	17,240

$	54,171

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
OPERATING FUND - NORTH FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

IV

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

31,018

33,524

33,524

Maintenance Assessments

42,891

42,890

42,890

Debt Assessments - 2014A-1 Bonds

354,436

354,436

354,436

Debt Assessments - 2014A-2 Bonds

249,856

249,857

249,857

Other Revenues

0

0

0

Interest Income

215

10,436

10,436

TOTAL REVENUES

$	678,416

$	691,143

$	691,143

EXPENDITURES

Maintenance Expenditures

Preserve Area Maintenance/Upkeep

15,000

27,293

23,293

Miscellaneous Maintenance

5,468

21,489

18,489

Lawn/Landscape Service - Median - Right Of Way Maintenance

1,000

0

0

Mulch/Fertilizer/Pesticide

200

0

0

Lift Station/Sewer Line MTE (Adagio)

15,000

27,132

22,132

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

0

0

Annual Engineer's Report & Miscellaneous Engineering

1,600

2,868

2,868

Total Maintenance Expenditures

40,318

78,782

66,782

Administrative Expenditures

Management

5,112

5,112

5,112

Supervisor Fees

750

0

0

Payroll Taxes

58

0

0

Field Operations

1,037

1,037

1,037

Legal

4,642

4,624

3,624

Assessment Roll

2,160

2,159

2,159

Audit Fees

1,727

1,576

1,576

Arbitrage Rebate Fee

1,000

1,000

1,000

Insurance - GL & Public Officials Liability Insurance

2,159

2,175

2,175

Insurance - Property Coverage

750

0

0

Legal Advertisements

540

1,554

1,054

Miscellaneous

432

397

247

Postage

127

54

54

Office Supplies

314

170

170

Dues & Subscriptions

38

38

38

Trustee Fees

7,000

7,000

7,000

Continuing Disclosure Fee

500

500

500

Website Management

432

432

432

Property Taxes

162

0

0

Administrative Contingency

432

432

0

Total Administrative Expenditures

29,372

28,260

26,178

TOTAL EXPENDITURES

$	69,690

$	107,042

$	92,960

REVENUES LESS EXPENDITURES

$	608,726

$	584,101

$	598,183

Bond Payments - Series 2014A-1

(333,170)

(338,739)

(338,739)

Bond Payments - Series 2014A-2

(234,864)

(238,792)

(238,792)

BALANCE

$	40,692

$	6,570

$	20,652

County Appraiser & Tax Collector Fee

(13,564)

(6,561)

(6,561)

Discounts For Early Payments

(27,128)

(23,489)

(23,489)

EXCESS/ (SHORTFALL)

$	-

$	(23,480)

$	(9,398)

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	-

$	(23,480)

$	(9,398)

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT
OPERATING FUND - SOUTH FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

V

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

58,196

43,308

43,308

Maintenance Assessments

97,128

97,097

97,097

Direct Bill O&M Assessments

0

0

0

Debt Assessments

1,569,891

1,569,324

1,569,324

Other Revenues

0

1,741

1,741

Interest Income

477

10,435

10,435

TOTAL REVENUES

$	1,725,692

$	1,721,905

$	1,721,905

EXPENDITURES

Maintenance Expenditures

Preserve Area Maintenance/Upkeep

55,000

61,494

51,494

Miscellaneous Maintenance

10,000

2,676

1,676

Lawn/Landscape Service - Median - Right Of Way Maintenance

6,000

4,000

0

Mulch/Fertilizer/Pesticide

1,000

0

0

Lift Station/Sewer Line MTE (Adagio)

7,500

5,000

0

Irrigation Systems MTE & Power

700

0

0

Tree/Shrubbery Replacement

1,000

0

0

Roadways/Signage/Drainage

3,000

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

3,417

3,417

Total Maintenance Expenditures

91,300

76,587

56,587

Administrative Expenditures

Management

21,720

21,720

21,720

Supervisor Fees

750

2,800

2,800

Payroll Taxes

58

214

214

Field Operations

2,233

2,233

2,233

Legal

10,262

9,012

8,012

Assessment Roll

4,772

4,773

4,773

Audit Fees

3,819

3,484

3,484

Arbitrage Rebate Fee

500

500

500

Insurance - GL & Public Officials Liability Insurance

4,773

4,809

4,809

Insurance - Property Coverage

1,250

0

0

Legal Advertisements

1,193

2,831

2,331

Miscellaneous

955

937

487

Postage

348

119

119

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

59,681

59,799

56,894

TOTAL EXPENDITURES

$	150,981

$	136,386

$	113,481

REVENUES LESS EXPENDITURES

$	1,574,711

$	1,585,519

$	1,608,424

Bond Payments - Series 2016

(1,475,697)

(1,497,225)

(1,497,225)

BALANCE

$	99,014

$	88,294

$	111,199

County Appraiser & Tax Collector Fee

(34,504)

(16,454)

(16,454)

Discounts For Early Payments

(69,009)

(61,921)

(61,921)

EXCESS/ (SHORTFALL)

$	(4,499)

$	9,919

$	32,824

Carryover From Prior Year

4,500

0

0

NET EXCESS/ (SHORTFALL)

$	1

$	9,919

$	32,824

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND SERIES 2022 - DORAL BREEZE)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Revenue Account Balance = $346,072.
Revenue Account Balance To Be Used To Fund 11-1-25 Interest Payment Of $164,860.
* Approximate Amounts

Series 2022 (Doral Breeze) Bond Refunding Information
Original Par Amount =

$9,206,000 4.00%
August 2022
November 2042

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

Interest Rate = Issue Date = Maturity Date =

Par Amount As Of 9/30/25 =

$8,243,000

VI

10/13/2025 5:56 PM

$308,685

$37,387

$346,072

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

1,000

15,500

15,159

NAV Tax Collection

686,823

698,967

698,967

Miscellaneous Revenue

0

0

0

Total Revenues

$	687,823

$	714,467

$	714,126

EXPENDITURES

Principal Payments (2022)

334,000

334,000

334,000

Interest Payments (2022)

336,400

343,080

343,080

Bond Redemption

17,423

0

0

Total Expenditures

$	687,823

$	677,080

$	677,080

Excess/ (Shortfall)

$	-

$	37,387

$	37,046

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2014 & 2025 - MIDTOWN) FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve (25A-1) Fund Balance = $50,813*. Reserve (14A-2) Fund Balance = $589,201* Revenue (25A-1) Fund Balance = $343,223*. Revenue (14A-2) Fund Balance = $562,914* Revenue (25A-1) Fund Balance To Be Used To Make 11-1-25 Interest Payment Of $183,237. Revenue (14A-2) Fund Balance To Be Used To Make 11-1-25 Interest Payment Of $170,300.
* Approximate Amounts

Series 2014-2 Bond Refunding Information

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

$7,095,000 5.875% - 6.5%
October 2014
May 2039

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

$5,315,000

Par Amount As Of 9/30/25 =

Series 2025-1 Bond Refunding Information

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

$6,165,000 5.00%
March 2025
May 2045

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

Par Amount As Of 9/30/25 =

$6,165,000

VII

10/13/2025 5:56 PM

$2,230,105

($683,954)

$1,546,151

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 (2014A-1 & 2025A-1)

400

32,900

32,822

Interest Income (2014A-2)

400

44,200

44,073

Bond Proceeds

0

6,165,000

6,165,000

Bond Premium

0

172,984

172,984

Transfer From Series 2014 DS To Series 2025

0

1,349,756

1,349,756

Transfer From Series 2014 Construction Fund

0

15,122

15,122

NAV Tax Collection (2014-1 & 2025A-1)

593,473

611,951

611,951

NAV Tax Collection (2014-2)

579,179

597,212

597,212

Total Revenues

$	1,173,452

$	8,989,125

$	8,988,920

EXPENDITURES

Principal Payments (2014A-1)

180,000

7,125,000

7,125,000

Principal Payments (2014A-2)

230,000

230,000

230,000

Interest Payments (2014A-1)

410,580

377,235

377,235

Interest Payments (2014A-2)

347,356

354,113

354,113

Transfer to Series 2025 From Series 2014 DS

0

1,349,756

1,349,756

Cost Of Bond Refunding Issuance

0

236,975

236,975

Bond Redemption - Series 2014A-1

3,293

0

0

Bond Redemption - Series 2014A-2

2,223

0

0

Total Expenditures

$	1,173,452

$	9,673,079

$	9,673,079

Excess/ (Shortfall)

$	-

$	(683,954)

$	(684,158)

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2014 - NORTH)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve (2014A-1) Fund Balance = $144,082*. Reserve (2014A-2) Fund Balance = $59,770* Revenue (2014A-1) Fund Balance = $244,070*. Revenue (2014A-2) Fund Balance = $159,046* Revenue (2014A-1) Fund Balance To Be Used To Make 11-1-25 Interest Payment Of $115,125. Revenue (2014A-2) Fund Balance To Be Used To Make 11-1-25 Interest Payment Of $58,500.
* Approximate Amounts

Series 2014-1 Bond Information

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

$5,450,000 4.00% - 5.00%
November 2014
May 2045

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

Par Amount As Of 9/30/25 =

$4,605,000

Series 2014-2 Bond Refunding Information

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

$3,295,000 4.00% - 5.00%
November 2014
May 2039

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

Par Amount As Of 9/30/25 =

$2,340,000

VIII

10/13/2025 5:56 PM

$574,887

$32,081

$606,968

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 (2014A-1)

400

15,900

15,788

Interest Income (2014A-2)

300

9,500

9,454

NAV Tax Collection (2014-1)

333,170

338,739

338,739

NAV Tax Collection (2014-2)

234,864

238,792

238,792

Total Revenues

$	568,734

$	602,931

$	602,772

EXPENDITURES

Principal Payments (2014A-1)

100,000

100,000

100,000

Principal Payments (2014A-2)

115,000

115,000

115,000

Interest Payments (2014A-1)

232,250

234,250

234,250

Interest Payments (2014A-2)

119,300

121,600

121,600

Bond Redemption - Series 2014A-1

1,320

0

0

Bond Redemption - Series 2014A-2

864

0

0

Total Expenditures

$	568,734

$	570,850

$	570,850

Excess/ (Shortfall)

$	-

$	32,081

$	31,922

AMENDED FINAL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND (SERIES 2016 - SOUTH)
FISCAL YEAR 2024/2025 OCTOBER 1, 2024 - SEPTEMBER 30, 2025

Notes
Reserve Fund Balance = $891,206* Revenue Fund Balance = $891,241*. Revenue Fund Used To Fund 11-1-25 Interest Payment Of $468,475.
* Approximate Amounts

	Series 2016 (South) Bond Information	

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =
Par Amount As Of 9/30/2025=

$27,635,000 3.5% - 5.00%
March 2016
May 2046
$19,175,000

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

IX

10/13/2025 5:56 PM

$1,714,612

$67,835

$1,782,447

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

1,000

77,000

74,899

Miscellaneous Income

0

0

0

NAV Tax Collection

1,475,698

1,497,225

1,497,225

Total Revenues

$	1,476,698

$	1,574,225

$	1,572,124

EXPENDITURES

Principal Payments

525,000

525,000

525,000

Interest Payments

948,106

959,263

959,263

Transfer To Construction Account

0

22,127

20,026

Bond Redemption

3,592

0

0

Total Expenditures

$	1,476,698

$	1,506,390

$	1,504,289

Excess/ (Shortfall)

$	-

$	67,835

$	67,835