Grand Bay At Doral Community Development District

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

CONTENTS

I

DETAILED PROPOSED BUDGET

II

BUDGET COMPARISON

III

DETAILED PROPOSED BUDGET - DORAL BREEZE

IV

DETAILED PROPOSED BUDGET - MIDTOWN

V

DETAILED PROPOSED BUDGET - NORTH PARCEL

VI

DETAILED PROPOSED BUDGET - SOUTH PARCEL

VII

DETAILED PROPOSED 2022 (DORAL BREEZE) DEBT SERVICE FUND BUDGET

VIII

DETAILED PROPOSED 2014 & 2025 (MIDTOWN) DEBT SERVICE FUND BUDGET

IX

DETAILED PROPOSED 2014 (NORTH PARCEL) DEBT SERVICE FUND BUDGET

X

DETAILED PROPOSED 2016 (SOUTH PARCEL) DEBT SERVICE FUND BUDGET

XI

ASSESSMENT COMPARISON - DORAL BREEZE

XII

ASSESSMENT COMPARISON - MIDTOWN

XIII

ASSESSMENT COMPARISON - NORTH PARCEL

XIV

ASSESSMENT COMPARISON - SOUTH PARCEL

DETAILED PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Units
Midtown Doral 1847

Total Units
4,251

Doral Breeze 541

Grand Bay North 347

Grand Bay South* 1516

Total Units 4251

* - Includes 440 Apartment Units

I

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

DORAL BREEZE FISCAL YEAR 2026/2027 BUDGET

MIDTOWN DORAL FISCAL YEAR 2026/2027 BUDGET

GRAND BAY NORTH FISCAL YEAR 2026/2027
BUDGET

GRAND BAY SOUTH FISCAL YEAR 2026/2027
BUDGET

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

147,758

144,281

28,064

26,954

31,110

54,295

140,423

Maintenance Assessments

369,473

381,702

38,883

198,138

42,500

97,766

377,287

Direct Bill O&M Assessments

0

0

0

0

0

0

0

Debt Assessments - A Bonds

2,299,991

2,300,554

730,663

0

0

1,569,891

2,300,554

Debt Assessments - A-1 Bonds

987,372

877,441

0

523,005

354,436

0

877,441

Debt Assessments - A-2 Bonds

867,549

866,004

0

616,148

249,856

0

866,004

Other Revenues

3,647

0

0

0

0

0

0

Interest Income

47,401

2,000

650

265

648

1,432

2,995

TOTAL REVENUES

$	4,723,191

$	4,571,982

$	798,260

$	1,364,510

$	678,550

$	1,723,384

$	4,564,704

EXPENDITURES

Maintenance Expenditures

Preserve/Wetland Mitigation Area Maintenance

108,587

100,000

15,000

15,000

15,000

60,000

105,000

Miscellaneous Maintenance

24,876

11,000

1,000

3,000

3,000

7,500

14,500

Lawn/Landscape Service - Median/Right Of Way MTE

0

8,000

1,000

0

1,000

4,000

6,000

Mulch/Fertilizer/Pesticide

0

1,400

200

0

200

1,000

1,400

Lift Station/Sanitary Sewer Line MTE (Adagio)

22,778

55,000

0

0

30,000

15,000

45,000

Lift Station/Sanitary Sewer Line MTE (Midtown)

40,386

40,000

0

40,000

0

0

40,000

Irrigation Systems MTE & Power

1,443

5,500

2,500

1,000

300

700

4,500

Tree/Shrubbery Replacement

0

1,500

500

0

0

1,000

1,500

Annual Engineer's Report & Misc Engineering

11,743

8,000

1,600

2,500

1,700

3,700

9,500

Lake Tract MTE & Fountain MTE - DB & MT

20,055

21,000

12,000

9,000

0

0

21,000

Roadway/Signage/Drainage

0

7,000

2,000

500

500

2,000

5,000

Midtown Plaza Maintenance Reimbursement

99,894

110,000

0

110,000

0

0

110,000

FPL Easement Maintenance/Upkeep

0

5,500

750

1,750

500

1,500

4,500

FPL Power Sanitary Sewer Lift Stations

0

7,000

0

3,500

750

1,500

5,750

Total Maintenance Expenditures

329,762

380,900

36,550

186,250

52,950

97,900

373,650

Administrative Expenditures

Management

38,856

39,972

8,984

3,710

5,386

22,960

41,040

Supervisor Fees

2,800

3,000

750

750

750

750

3,000

Payroll Taxes

214

232

58

58

58

58

232

Field Operations

7,320

7,320

1,050

3,000

1,037

2,233

7,320

Legal

17,285

21,500

4,704

1,892

4,642

10,262

21,500

Assessment Roll

10,000

10,000

2,188

880

2,160

4,772

10,000

Audit Fees

7,300

8,000

1,226

493

1,209

2,672

5,600

Arbitrage Rebate Fee

3,000

3,000

500

1,000

1,000

500

3,000

Insurance - GL & Public Officials Liability Insurance

10,075

11,000

2,624

1,055

2,589

5,732

12,000

Insurance - Property Coverage

0

6,800

300

4,000

750

1,250

6,300

Legal Advertisements

4,884

4,500

1,138

458

1,122

2,482

5,200

Miscellaneous

979

2,000

328

132

324

716

1,500

Postage

250

775

129

171

127

348

775

Office Supplies

783

1,400

273

110

270

597

1,250

Dues & Subscriptions

175

175

38

15

38

84

175

Trustee Fee

16,000

21,500

3,000

7,000

7,000

3,500

20,500

Continuing Disclosure Fee

2,000

2,000

500

500

500

500

2,000

Website Management

2,000

2,000

437

176

432

955

2,000

Property Taxes

0

750

66

26

65

143

300

Administrative Contingency

0

2,000

437

176

432

955

2,000

Total Administrative Expenditures

123,921

147,924

28,730

25,602

29,891

61,469

145,692

TOTAL EXPENDITURES

$	453,683

$	528,824

$	65,280

$	211,852

$	82,841

$	159,369

$	519,342

REVENUES LESS EXPENDITURES

$	4,269,508

$	4,043,158

$	732,980

$	1,152,658

$	595,709

$	1,564,015

$	4,045,362

Bond Payments (A)

(2,196,192)

$	(2,162,521)

(686,823)

0

0

(1,475,698)

$	(2,162,521)

Bond Payments (A-1)

(950,690)

$	(824,795)

0

(491,625)

(333,170)

0

$	(824,795)

Bond Payments (A-2)

(836,004)

$	(814,043)

0

(579,179)

(234,864)

0

$	(814,043)

BALANCE

$	286,622

$	241,799

$	46,157

$	81,854

$	27,675

$	88,317

$	244,003

County Appraiser & Tax Collector Fee

(45,186)

$	(91,399)

(15,952)

(27,285)

(13,558)

(34,439)

$	(91,234)

Discounts For Early Payments

(146,707)

$	(182,800)

(31,905)

(54,569)

(27,117)

(68,878)

$	(182,469)

EXCESS/ (SHORTFALL)

$	94,729

$	(32,400)

$	(1,700)

$	-

$	(13,000)

$	(15,000)

$	(29,700)

Carryover From Prior Year

0

32,400

1,700

0

13,000

15,000

29,700

NET EXCESS/ (SHORTFALL)

$	94,729

$	-

$	-

$	-

$	-

$	(0)

$	(0)

BUDGET COMPARISON
GRAND BAY AT DORAL 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

Administrative Assessments

147,758

144,281

140,423

Maintenance Assessments

369,473

381,702

377,287

Direct Bill O&M Assessments

0

0

0

Debt Assessments - A Bonds

2,299,991

2,300,554

2,300,554

Debt Assessments - A-1 Bonds

987,372

877,441

877,441

Debt Assessments - A-2 Bonds

867,549

866,004

866,004

Other Revenues

3,647

0

0

Interest Income

47,401

2,000

2,995

TOTAL REVENUES

$	4,723,191

$	4,571,982

$	4,564,704

EXPENDITURES

Maintenance Expenditures

Preserve/Wetland Mitigation Area Maintenance

108,587

100,000

105,000

Miscellaneous Maintenance

24,876

11,000

14,500

Lawn/Landscape Service - Median/Right Of Way MTE

0

8,000

6,000

Mulch/Fertilizer/Pesticide

0

1,400

1,400

Lift Station/Sanitary Sewer Line MTE (Adagio)

22,778

55,000

45,000

Lift Station/Sanitary Sewer Line MTE (Midtown)

40,386

40,000

40,000

Irrigation Systems MTE & Power

1,443

5,500

4,500

Tree/Shrubbery Replacement

0

1,500

1,500

Annual Engineer's Report & Miscellaneous Engineering

11,743

8,000

9,500

Lake Tract MTE & Fountain MTE - DM & MT

20,055

21,000

21,000

Roadways/Signage/Drainage

0

7,000

5,000

Midtown Plaza Maintenance Reimbursement

99,894

110,000

110,000

FPL Easement Maintenance/Upkeep

0

5,500

4,500

FPL Power Sanitary Sewer Lift Stations

0

7,000

5,750

Total Maintenance Expenditures

329,762

380,900

373,650

Administrative Expenditures

Management

38,856

39,972

41,040

Supervisor Fees

2,800

3,000

3,000

Payroll Taxes

214

232

232

Field Operations

7,320

7,320

7,320

Legal

17,285

21,500

21,500

Assessment Roll

10,000

10,000

10,000

Audit Fees

7,300

8,000

5,600

Arbitrage Rebate Fee

3,000

3,000

3,000

Insurance - GL & Public Officials Liability Insurance

10,075

11,000

12,000

Insurance - Property Coverage

0

6,800

6,300

Legal Advertisements

4,884

4,500

5,200

Miscellaneous

979

2,000

1,500

Postage

250

775

775

Office Supplies

783

1,400

1,250

Dues & Subscriptions

175

175

175

Trustee Fee

16,000

21,500

20,500

Continuing Disclosure Fee

2,000

2,000

2,000

Website Management

2,000

2,000

2,000

Property Taxes

0

750

300

Administrative Contingency

0

2,000

2,000

Total Administrative Expenditures

123,921

147,924

145,692

TOTAL EXPENDITURES

$	453,683

$	528,824

$	519,342

REVENUES LESS EXPENDITURES

$	4,269,508

$	4,043,158

$	4,045,362

Bond Payments (A)

(2,196,192)

$	(2,162,521)

$	(2,162,521)

Bond Payments (A-1)

(950,690)

$	(824,795)

$	(824,795)

Bond Payments (A-2)

(836,004)

$	(814,043)

$	(814,043)

BALANCE

$	286,622

$	241,799

$	244,003

County Appraiser & Tax Collector Fee

(45,186)

$	(91,399)

$	(91,234)

Discounts For Early Payments

(146,707)

$	(182,800)

$	(182,469)

EXCESS/ (SHORTFALL)

$	94,729

$	(32,400)

$	(29,700)

Carryover From Prior Year

0

32,400

29,700

NET EXCESS/ (SHORTFALL)

$	94,729

$	-

$	-

DORAL BREEZE PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

III

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

32,533

29,532

28,064

Maintenance Assessments

39,926

39,894

38,883

Debt Assessments - 2012 Bonds

730,667

730,663

730,663

Other Revenues

798

0

0

Interest Income

11,401

428

650

TOTAL REVENUES

$	815,325

$	800,517

$	798,260

EXPENDITURES

Maintenance Expenditures

Preserve/Wetland Mitigation Area Maintenance

23,759

15,000

15,000

Miscellaneous Maintenance

768

1,000

1,000

Irrigation Systems MTE & Power

1,443

3,000

2,500

Lake Tract MTE & Fountain MTE

20,055

12,000

12,000

Lawn/Landscape Service - Median Maintenance/Right Of Way

0

1,000

1,000

Mulch/Fertilizer/Pesticide

0

200

200

FPL Easment Maintenance Upkeep

0

1,000

750

Electrical For Irrigation Pumps

0

0

0

Tree/Shrubbery Replacement

0

500

500

Roadway/Signage/Drainage

0

3,000

2,000

Annual Engineer's Report & Miscellaneous Engineering

2,048

800

1,600

Total Maintenance Expenditures

48,073

37,500

36,550

Administrative Expenditures

Management

8,508

8,748

8,984

Supervisor Fees

0

750

750

Payroll Taxes

0

58

58

Field Operations

1,050

1,050

1,050

Legal

3,782

4,704

4,704

Assessment Roll

2,188

2,188

2,188

Audit Fees

1,597

1,750

1,226

Arbitrage Rebate Fee

0

500

500

Insurance - GL & Public Officials Liability Insurance

2,204

2,407

2,624

Insurance - Property Coverage

0

300

300

Legal Advertisements

1,069

985

1,138

Miscellaneous

175

437

328

Postage

55

129

129

Office Supplies

171

306

273

Dues & Subscriptions

38

38

38

Trustee Fee

2,000

4,000

3,000

Continuing Disclosure Fee

500

500

500

Website Management

437

437

437

Property Taxes

0

164

66

Administrative Contingency

0

437

437

Total Administrative Expenditures

23,774

29,888

28,730

TOTAL EXPENDITURES

$	71,847

$	67,388

$	65,280

REVENUES LESS EXPENDITURES

$	743,478

$	733,129

$	732,980

Bond Payments (2012)

(698,967)

(686,823)

(686,823)

BALANCE

$	44,511

$	46,306

$	46,157

County Appraiser & Tax Collector Fee

(7,751)

(16,002)

(15,952)

Discounts For Early Payments

(26,982)

(32,004)

(31,905)

EXCESS/ (SHORTFALL)

$	9,778

$	(1,700)

$	(1,700)

Carryover From Prior Year

1,700

1,700

NET EXCESS/ (SHORTFALL)

$	9,778

$	-

$	-

MIDTOWN PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

IV

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

38,393

27,633

26,954

Maintenance Assessments

189,560

199,734

198,138

Direct Bill O&M Assessments

0

0

0

Debt Assessments - 2014A-1 Bonds

632,936

523,005

523,005

Debt Assessments - 2014A-2 Bonds

617,692

616,148

616,148

Other Revenues

321

0

0

Interest Income

12,000

188

265

TOTAL REVENUES

$	1,490,902

$	1,366,708

$	1,364,510

EXPENDITURES

Maintenance Expenditures

Preserve/Wetland Mitigation Area Maintenance

9,556

15,000

15,000

Miscellaneous Maintenance

3,943

3,000

3,000

Lawn/Landscape Service - Median/Right Of Way MTE

0

0

0

Mulch/Fertilizer/Pesticide

0

0

0

Lift Station/Sanitary Sewer Line MTE (Midtown)

40,386

40,000

40,000

Irrigation Systems MTE & Power

0

1,500

1,000

Tree/Shrubbery Replacement

0

0

0

Roadways/Signage/Drainage

0

500

500

Midtown Plaza Maintenance Reimbursement

99,894

110,000

110,000

FPL Easement Maintenance/Upkeep

0

2,250

1,750

FPL Power Sanitary Sewer Lift Stations

0

4,500

3,500

Lake Tract MTE & Fountain MTE

0

9,000

9,000

Annual Engineer's Report & Miscellaneous Engineering

3,371

2,000

2,500

Total Maintenance Expenditures

157,150

187,750

186,250

Administrative Expenditures

Management

3,516

3,612

3,710

Supervisor Fees

0

750

750

Payroll Taxes

0

58

58

Field Operations

3,000

3,000

3,000

Legal

1,521

1,892

1,892

Assessment Roll

880

880

880

Audit Fees

643

704

493

Arbitrage Rebate Fee

1,500

1,000

1,000

Insurance - GL & Public Officials Liability Insurance

887

968

1,055

Insurance - Property Coverage

0

4,500

4,000

Legal Advertisements

430

396

458

Miscellaneous

70

176

132

Postage

22

171

171

Office Supplies

69

123

110

Dues & Subscriptions

15

15

15

Trustee Fee

3,500

7,000

7,000

Continuing Disclosure Fee

500

500

500

Website Management

176

176

176

Property Taxes

0

66

26

Administrative Contingency

0

176

176

Total Administrative Expenditures

16,729

26,163

25,602

TOTAL EXPENDITURES

$	173,879

$	213,913

$	211,852

REVENUES LESS EXPENDITURES

$	1,317,023

$	1,152,795

$	1,152,658

Bond Payments - Series 2014A-1

(611,951)

(491,625)

(491,625)

Bond Payments - Series 2014A-2

(597,212)

(579,179)

(579,179)

BALANCE

$	107,860

$	81,991

$	81,854

County Appraiser & Tax Collector Fee

(14,420)

(27,330)

(27,285)

Discounts For Early Payments

(34,315)

(54,661)

(54,569)

EXCESS/ (SHORTFALL)

$	59,125

$	-

$	-

Carryover From Prior Year

0

0

0

NET EXCESS/ (SHORTFALL)

$	59,125

$	-

$	-

GRAND BAY NORTH PARCEL PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

V

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

33,524

31,616

31,110

Maintenance Assessments

42,890

42,287

42,500

Direct Bill O&M Assessments

0

0

0

Debt Assessments - 2014A-1 Bonds

354,436

354,436

354,436

Debt Assessments - 2014A-2 Bonds

249,857

249,856

249,856

Other Revenues

787

0

0

Interest Income

12,000

432

648

TOTAL REVENUES

$	693,494

$	678,627

$	678,550

EXPENDITURES

Maintenance Expenditures

Preserve/Wetland Mitigation Area Maintenance

23,444

15,000

15,000

Miscellaneous Maintenance

18,489

2,000

3,000

Lawn/Landscape Service - Median - Right Of Way Maintenance

0

1,000

1,000

Mulch/Fertilizer/Pesticide

0

200

200

Lift Station/Sanitary Sewer Line MTE (Adagio)

22,778

40,000

30,000

Irrigation Systems MTE & Power

0

300

300

Tree/Shrubbery Replacement

0

0

0

Roadways/Signage/Drainage

0

500

500

FPL Easement Maintenance/Upkeep

0

500

500

FPL Power Sanitary Sewer Lift Stations

0

750

750

Annual Engineer's Report & Miscellaneous Engineering

2,881

1,600

1,700

Total Maintenance Expenditures

67,592

61,850

52,950

Administrative Expenditures

Management

5,112

5,256

5,386

Supervisor Fees

0

750

750

Payroll Taxes

0

58

58

Field Operations

1,037

1,037

1,037

Legal

3,732

4,642

4,642

Assessment Roll

2,159

2,160

2,160

Audit Fees

1,576

1,727

1,209

Arbitrage Rebate Fee

1,000

1,000

1,000

Insurance - GL & Public Officials Liability Insurance

2,175

2,375

2,589

Insurance - Property Coverage

0

750

750

Legal Advertisements

1,054

971

1,122

Miscellaneous

247

432

324

Postage

54

127

127

Office Supplies

170

302

270

Dues & Subscriptions

38

38

38

Trustee Fee

7,000

7,000

7,000

Continuing Disclosure Fee

500

500

500

Website Management

432

432

432

Property Taxes

0

162

65

Administrative Contingency

0

432

432

Total Administrative Expenditures

26,286

30,151

29,891

TOTAL EXPENDITURES

$	93,878

$	92,001

$	82,841

REVENUES LESS EXPENDITURES

$	599,616

$	586,626

$	595,709

Bond Payments - Series 2014A-1

(338,739)

(333,170)

(333,170)

Bond Payments - Series 2014A-2

(238,792)

(234,864)

(234,864)

BALANCE

$	22,085

$	18,592

$	27,675

County Appraiser & Tax Collector Fee

(6,561)

(13,564)

(13,558)

Discounts For Early Payments

(23,489)

(27,128)

(27,117)

EXCESS/ (SHORTFALL)

$	(7,965)

$	(22,100)

$	(13,000)

Carryover From Prior Year

0

22,100

13,000

NET EXCESS/ (SHORTFALL)

$	(7,965)

$	-

$	-

GRAND BAY SOUTH PARCEL PROPOSED BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

VI

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

Administrative Assessments

43,308

55,500

54,295

Maintenance Assessments

97,097

99,787

97,766

Direct Bill O&M Assessments

0

0

0

Debt Assessments - A Bonds

1,569,324

1,569,891

1,569,891

Other Revenues

1,741

0

0

Interest Income

12,000

952

1,432

TOTAL REVENUES

$	1,723,470

$	1,726,130

$	1,723,384

EXPENDITURES

Maintenance Expenditures

Preserve/Wetland Mitigation Area Maintenance

51,828

55,000

60,000

Miscellaneous Maintenance

1,676

5,000

7,500

Lawn/Landscape Service - Median - Right Of Way Maintenance

0

6,000

4,000

Mulch/Fertilizer/Pesticide

0

1,000

1,000

Lift Station/Sanitary Sewer Line MTE (Adagio)

0

15,000

15,000

Irrigation Systems MTE & Power

0

700

700

Tree/Shrubbery Replacement

0

1,000

1,000

Roadways/Signage/Drainage

0

3,000

2,000

FPL Easement Maintenance/Upkeep

0

1,750

1,500

FPL Power Sanitary Sewer Lift Stations

0

1,750

1,500

Annual Engineer's Report & Miscellaneous Engineering

3,443

3,600

3,700

Total Maintenance Expenditures

56,947

93,800

97,900

Administrative Expenditures

Management

21,720

22,356

22,960

Supervisor Fees

2,800

750

750

Payroll Taxes

214

58

58

Field Operations

2,233

2,233

2,233

Legal

8,250

10,262

10,262

Assessment Roll

4,773

4,772

4,772

Audit Fees

3,484

3,819

2,672

Arbitrage Rebate Fee

500

500

500

Insurance - GL & Public Officials Liability Insurance

4,809

5,250

5,732

Insurance - Property Coverage

0

1,250

1,250

Legal Advertisements

2,331

2,148

2,482

Miscellaneous

487

955

716

Postage

119

348

348

Office Supplies

373

669

597

Dues & Subscriptions

84

84

84

Trustee Fee

3,500

3,500

3,500

Continuing Disclosure Fee

500

500

500

Website Management

955

955

955

Property Taxes

0

358

143

Administrative Contingency

0

955

955

Total Administrative Expenditures

57,132

61,722

61,469

TOTAL EXPENDITURES

$	114,079

$	155,522

$	159,369

REVENUES LESS EXPENDITURES

$	1,609,391

$	1,570,608

$	1,564,015

Bond Payments - A Bonds

(1,497,225)

(1,475,697)

(1,475,697)

Bond Payments - Series 2014A-1

0

0

0

Bond Payments - Series 2014A-2

0

0

0

BALANCE

$	112,166

$	94,911

$	88,318

County Appraiser & Tax Collector Fee

(16,454)

(34,503)

(34,439)

Discounts For Early Payments

(61,921)

(69,007)

(68,878)

EXCESS/ (SHORTFALL)

$	33,791

$	(8,599)

$	(14,999)

Carryover From Prior Year

0

8,600

15,000

NET EXCESS/ (SHORTFALL)

$	33,791

$	1

$	0

DETAILED PROPOSED DEBT SERVICE FUND (2022 - DORAL BREEZE) BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2022 (Doral Breeze) Bond Refunding Information

Original Par Amount = Interest Rate =
Issue Date = Maturity Date =
Par Amount As Of 1-1-26 =

$9,206,000 4.00%
August 2022
May 2042
$8,243,000

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

VII

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income

16,357

1,500

1,750

Projected Interest For 2026/2027

NAV Tax Collection

698,967

686,823

686,823

Maximum Debt Service Collection

Total Revenues

$	715,324

$	688,323

$	688,573

EXPENDITURES

Principal Payments

334,000

346,000

362,000

Principal Payment Due In 2027

Interest Payments

343,080

322,800

308,640

Interest Payments Due In 2027

Bond Redemption

0

19,523

17,933

Estimated Excess Debt Collections

Total Expenditures

$	677,080

$	688,323

$	688,573

Excess/ (Shortfall)

$	38,244

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (2014 & 2025 - MIDTOWN) BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2025-1 (Midtown) Bond Information

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

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

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 4-1-26 =

$6,165,000

Series 2014-2 (Midtown) Refunding Bond 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 = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 4-1-26 =

$5,315,000

VIII

REVENUES

FISCAL YEAR

2024/2025

ACTUAL

FISCAL YEAR

2025/2026

BUDGET

FISCAL YEAR

2026/2027

BUDGET

COMMENTS

Interest Income (A-1)

32,822

2,000

2,500

Projected Interest For 2026/2027

Interest Income (A-2)

44,073

2,000

2,500

Projected Interest For 2026/2027

NAV Tax Collection (A-1)

611,951

491,625

491,625

Maximum Debt Service Collection

NAV Tax Collection (A-2)

597,212

579,179

579,179

Maximum Debt Service Collection

Total Revenues

$	1,286,058

$	1,074,804

$	1,075,804

EXPENDITURES

Principal Payments - Series 2025A-1

180,000

185,000

195,000

Principal Payment Due In 2027

Principal Payments - Series 2014A-2

230,000

245,000

260,000

Principal Payment Due In 2027

Interest Payments - Series 2025A-1

377,235

303,625

294,125

Interest Payments Due In 2027

Interest Payments - Series 2014A-2

347,356

333,403

318,569

Interest Payments Due In 2027

Bond Redemption - Series 2025A-1

0

5,000

5,000

Estimated Excess Debt Collections

Bond Redemption - Series 2014A-2

0

2,776

3,110

Estimated Excess Debt Collections

Total Expenditures

$	1,134,591

$	1,074,804

$	1,075,804

Excess/ (Shortfall)

$	151,467

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (2014 - NORTH) BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2014-1 (North) Bond Information

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

$5,450,000 4.00% - 5.00%
November 2014
May 2044

Annual Principal Payments Due = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1-1-26 =

$4,605,000

Series 2014-2 (North) Refunding Bond 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 = Annual Interest Payments Due =

May 1st
May 1st & November 1st

Par Amount As Of 1-1-26 =

$2,340,000

3

IX

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income (A-1)

17,173

1,000

1,500

Projected Interest For 2026/2027

Interest Income (A-2)

10,235

750

1,000

Projected Interest For 2026/2027

NAV Tax Collection (A-1)

338,739

333,170

333,170

Maximum Debt Service Collection

NAV Tax Collection (A-2)

238,792

234,864

234,864

Maximum Debt Service Collection

0

0

Total Revenues

$	604,939

$	569,784

$	570,534

EXPENDITURES

Principal Payments - Series 2014A-1

100,000

105,000

110,000

Principal Payment Due In 2027

Principal Payments - Series 2014A-2

115,000

120,000

125,000

Principal Payment Due In 2027

Interest Payments - Series 2014A-1

234,250

227,625

222,250

Interest Payments Due In 2027

Interest Payments - Series 2014A-2

121,600

114,000

107,875

Interest Payments Due In 2027

Bond Redemption - Series 2014A-1

0

1,545

2,420

Estimated Excess Debt Collections

Bond Redemption - Series 2014A-2

0

1,614

2,989

Estimated Excess Debt Collections

Total Expenditures

$	570,850

$	569,784

$	570,534

Excess/ (Shortfall)

$	34,089

$	-

$	-

DETAILED PROPOSED DEBT SERVICE FUND (2016) - SOUTH PARCEL BUDGET
GRAND BAY AT DORAL COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2026/2027
OCTOBER 1, 2026 - SEPTEMBER 30, 2027

Series 2016 Bond Information

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

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

Annual Principal Payments Due = Annual Interest Payments Due =

May 1
May 1st & November 1st

Par Amount As Of 1-1-26 =

$19,175,000

Note: Extraordinary Prepayment Of $4,210,000 Was Made On 2-1-18

X

REVENUES

FISCAL YEAR 2024/2025 ACTUAL

FISCAL YEAR 2025/2026 BUDGET

FISCAL YEAR 2026/2027 BUDGET

COMMENTS

Interest Income (2016)

81,251

2,000

2,500

Projected Interest For 2026/2027

Prepaid Bond Collection (2016)

0

0

0

NAV Tax Collection (2016)

1,497,225

1,475,698

1,475,698

Maximum Debt Service Collection

Total Revenues

$	1,578,476

$	1,477,698

$	1,478,198

EXPENDITURES

Principal Payments (2016)

525,000

545,000

565,000

Principal Payment Due In 2027

Interest Payments (2016)

959,263

925,369

900,369

Interest Payments Due In 2027

Transfer To Construction Fund (2016)

20,026

0

0

Bond Redemption

0

7,329

12,829

Estimated Excess Debt Collections

Total Expenditures

$	1,504,289

$	1,477,698

$	1,478,198

Excess/ (Shortfall)

$	74,187

$	-

$	-

Grand Bay At Doral Community Development District Assessment Comparison - Doral Breeze (Series 2022)

Fiscal Year 2022/2023
Projected Assessment

Fiscal Year 2023/2024
Projected Assessment

Fiscal Year 2024/2025
Assessment
	Before Discount*	

Fiscal Year 2025/2026
Assessment
	Before Discount*	

Fiscal Year 2026/2027
Projected Assessment
	Before Discount*	

	Before Discount*	Before Discount*	

$
$

55.43
65.09

$
$

55.98
72.96

$
$

54.64
73.74

$
$

54.60
73.74

$
$

52.87
71.88

Administrative For Condominiums Maintenance For Condominiums Debt For Condominiums
Total For Condominiums

 $	1,105.00

 $	1,036.16

 $	1,036.16

 $	1,036.16

 $	1,036.16

$

1,225.52

$

1,165.10

$

1,164.54

$

1,164.50

$

1,160.91

Administrative For Townhomes
Maintenance For Townhomes Debt For Townhomes
Total For Townhomes

$
$

55.43
65.09

$
$

55.98
72.96

$
$

54.64
73.74

$
$

54.60
73.74

$
$

52.87
71.88

 $	1,290.00

 $	1,208.85

 $	1,208.85

 $	1,208.85

 $	1,208.85

$

1,410.52

$

1,337.79

$

1,337.23

$

1,337.19

$

1,333.60

$
$

55.43
65.09

$
$

55.98
72.96

$
$

54.64
73.74

$
$

54.60
73.74

$
$

52.87
71.88

Administrative For Single Family 40' Maintenance For Single Family 40' Debt For Single Family 40'
Total For Single Family 40'

 $	1,655.00

 $	1,554.23

 $	1,554.23

 $	1,554.23

 $	1,554.23

$

1,775.52

$

1,683.17

$

1,682.61

$

1,682.57

$

1,678.98

$
$

55.43
65.09

$
$

55.98
72.96

$
$

54.64
73.74

$
$

54.60
73.74

$
$

52.87
71.88

Administrative For Single Family 50' Maintenance For Single Family 50' Debt For Single Family 50'
Total For Single Family 50'

 $	1,840.00

 $	1,726.93

 $	1,726.93

 $	1,726.93

 $	1,726.93

$

1,960.52

$

1,855.87

$

1,855.31

$

1,855.27

$

1,851.68

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

Community Information:

Condominiums Townhomes Single Family 40'
Single Family 50'
Total Doral Breeze Units

198
83
138
122
541

73.02 Acres
21.88% Of District

XI

Grand Bay At Doral Community Development District Assessment Comparison - Midtown (Series 2014)

Fiscal Year 2022/2023
Assessment

Fiscal Year 2023/2024
Assessment

Fiscal Year 2024/2025
Assessment

Fiscal Year 2025/2026
Assessment

Fiscal Year 2026/2027
Projected Assessment

	Before Discount*	 	Before Discount*	 	Before Discount*	

	Before Discount*	 	Before Discount*	

3 Bedroom Condo - Type 2 Administrative Assessment Maintenance Assessment Debt Assessment A-1
Debt Assessment A-2
Total For 3 Bedroom Condo - Type 2 2 Bedroom Condo - Type 2 Administrative Assessment Maintenance Assessment
Debt Assessment A-1 Debt Assessment A-2
Total For 2 Bedroom Condo - Type 2 1 Bedroom Condo - Type 2 Administrative Assessment Maintenance Assessment
Debt Assessment A-1 Debt Assessment A-2
Total For 1 Bedroom Condo - Type 2 3 Bedroom Condo - Type 1 Administrative Assessment Maintenance Assessment
Debt Assessment A-1 Debt Assessment A-2
Total For 3 Bedroom Condo - Type 1 2 Bedroom Condo - Type 1 Administrative Assessment Maintenance Assessment
Debt Assessment A-1 Debt Assessment A-2
Total For 2 Bedroom Condo - Type 1 1 Bedroom Condo - Type 1 Administrative Assessment Maintenance Assessment
Debt Assessment A-1 Debt Assessment A-2
Total For 1 Bedroom Condo - Type 1
Non-Residential (Based On Square Footage) Administrative Assessment Maintenance Assessment
Debt Assessment A-1 Debt Assessment A-2
Total For Non-Residential

$
$
$

15.01
108.28
1,212.77

$
$
$

14.70
102.79
1,212.77

$
$
$

14.53
102.38
1,212.77

$
$
$

15.08
108.15
1,024.68

$
$
$
$

14.60
107.29
1,024.68
384.04

 $	384.04

 $	384.04

 $	384.04

 $	384.04

$

1,720.10

$

1,714.30

$

1,713.72

$

1,531.95

$

1,530.61

$
$
$

15.01
108.28
1,114.89

$
$
$

14.70
102.79
1,114.89

$
$
$

14.53
102.38
1,114.89

$
$
$

15.08
108.15
941.98

$
$
$
$

14.60
107.29
941.98
353.19

 $	353.19

 $	353.19

 $	353.19

 $	353.19

$

1,591.37

$

1,585.57

$

1,584.99

$

1,418.40

$

1,417.06

$
$
$

15.01
108.28
970.21

$
$
$

14.70
102.79
970.21

$
$
$

14.53
102.38
970.21

$
$
$

15.08
108.15
819.74

$
$
$
$

14.60
107.29
819.74
307.45

 $	307.45

 $	307.45

 $	307.45

 $	307.45

$

1,400.95

$

1,395.15

$

1,394.57

$

1,250.42

$

1,249.08

$
$

15.01
108.28

$
$

14.70
102.79

$
$

14.53
102.38

$
$

15.08
108.15

$
$
$
$

14.60
107.29
941.98
353.19

$

1,114.89

$

1,114.89

$

1,114.89

$

941.98

 $	353.19

 $	353.19

 $	353.19

 $	353.19

$

1,591.37

$

1,585.57

$

1,584.99

$

1,418.40

$

1,417.06

$
$

15.01
108.28

$
$

14.70
102.79

$
$

14.53
102.38

$
$

15.08
108.15

$
$
$
$

14.60
107.29
737.05
307.45

$

970.21

$

970.21

$

970.21

$

737.05

 $	307.45

 $	307.45

 $	307.45

 $	307.45

$

1,400.95

$

1,395.15

$

1,394.57

$

1,167.73

$

1,166.39

$
$

15.01
108.28

$
$

14.70
102.79

$
$

14.53
102.38

$
$

15.08
108.15

$
$
$
$

14.60
107.29
737.05
276.60

$

872.34

$

872.34

$

872.34

$

737.05

 $	276.60

 $	276.60

 $	276.60

 $	276.60

$

1,272.23

$

1,266.43

$

1,265.85

$

1,136.88

$

1,135.54

$
$
$

0.01
0.15
1.040

$
$
$

0.01
0.15
1.040

$
$
$

0.01
0.15
1.040

$
$
$

0.01
0.15
0.8101

$
$
$
$

0.01
0.15
0.8101
0.330

 $	0.330

 $	0.330

 $	0.330

 $	0.330

$

1.530

$

1.530

$

1.530

$

1.300

$

1.300

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

O&M Covenant = 55.00 55.00/.94 = 58.51

 Community Information:	

Total Midtown Units (A2) (Refunding Bonds)
252
546
120
126
227
276
1547

Phase One Units (A1)
(Phase One Project Bonds)

Total Midtown Units
3 Bedroom Condo - Type 2
2 Bedroom Condo - Type 2
1 Bedroom Condo - Type 2
3 Bedroom Condo - Type 1
2 Bedroom Condo - Type 1
1 Bedroom Condo - Type 1 Total Residential Units

84
182
40
28
84
119
537

  Grand Bay Midtown - Commercial Square Footage (With Percentages)

Building 1
Building 2
Building 3
Building 4 Total

10,031
24,360
24,360
11,249
70,000

14.33%
34.80%
34.80%
16.07%
100.00%

prior years
9,818
23,838
23,838
	11,006
68,500

% 14.33
34.8
34.8
16.07
100

Non-Residential

300,000
Square Feet

70,000
Square Feet

68, 500 in prior years

For Administrative & Maintenance Assessments Purposes-
Non-Residential counts as approximately 300 units.

29.36 Acres
8.8% Of District

Phase 1 Grand Bay Midtown Residential
 Type	Building 1	 	Building 2	

	Building 3	
35
56
20
7
35

	Building 4	 	Total	

3 BR - Type 2
2 BR - Type 2
1 BR - Type 2
3 BR - Type 1
2 BR - Type 1

14
28
0
14
7

35
56
20
7
35

0
42
0
0
7

84
182
40
28
84

1 BR - Type 1	35	 	0	 	0	

	84	 	119	

Total

98

153

153

133

537

XII

Grand Bay At Doral Community Development District Assessment Comparison - Grand Bay North Parcel (Series 2014)

Fiscal Year 2022/2023
Assessment
	Before Discount*	

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*	

Single Family 40' Unit Administrative Assessment Maintenance Assessment Debt Assessment A-1 Debt Assessment A-2
Total For Single Family 40' Unit

$
$
$

42.05
70.98
1,237.24

$
$
$

45.39
67.61
1,237.24

$
$
$

89.39
123.61
1,237.24

$
$
$

91.11
121.88
1,237.24

$
$
$

89.66
122.48
1,237.24

$	872.34

$	872.34

$	872.34

$	872.34

 $	872.34

$

2,222.61

$

2,222.58

$

2,322.58

$

2,322.57

$

2,321.72

Townhome Unit Administrative Assessment Maintenance Assessment
Debt Assessment A-1 Debt Assessment A-2
Total For Townhome Unit

$
$
$

42.05
70.98
1,008.51

$
$
$

45.39
67.61
1,008.51

$
$
$

89.39
123.61
1,008.51

$
$
$

91.11
121.88
1,008.51

$
$
$

89.66
122.48
1,008.51

$	710.64

$	710.64

$	710.64

$	710.64

 $	710.64

$

1,832.18

$

1,832.15

$

1,932.15

$

1,932.14

$

1,931.29

Condo Unit (3-Story) Administrative Assessment Maintenance Assessment Debt Assessment A-1 Debt Assessment A-2
Total For Condo Unit (3-Story)

$
$
$

42.05
70.98
917.02

$
$
$

45.39
67.61
917.02

$
$
$

89.39
123.61
917.02

$
$
$

91.11
121.88
917.02

$
$
$

89.66
122.48
917.02

$	646.81

$	646.81

$	646.81

$	646.81

 $	646.81

$

1,676.86

$

1,676.83

$

1,776.83

$

1,776.82

$

1,775.97

* Assessments Include the Following :	 4% Discount for Early Payments
1% County Tax Collector Fee
1% County Property Appraiser Fee

O&M Covenant = 108.00
108.00/.94 = 114.89

 Community Information:	 Total North Units
A-1: Project Bonds
A-2: Refunding Bonds

72.04 Acres
21.33% Of District

Single Family 40' Unit
Townhome Unit Condo Unit (3-Story)
Total Residential Units

64
172
111
347

North Parcel Acreage
72.04 Acres
21.59% Of District

XIII

Grand Bay At Doral Community Development District - Grand Bay South Parcel Assessment Comparison

Fiscal Year

Fiscal Year

Fiscal Year

Fiscal Year

Fiscal Year

2022/2023

2023/2024

2024/2025

2025/2026

2026/2027

Assessment

Assessment

Assessment

Assessment

Projected Assessment

	Before Discount*	

	Before Discount*	

	Before Discount*	

	Before Discount*	

	Before Discount*	

Administrative For Single Family 40' Units

$

40.85

$

40.70

$

38.39

$

36.61

$

35.82

Maintenance For Single Family 40' Units

$

68.60

$

61.97

$

64.07

$

64.07

$

64.50

Debt For Single Family 40' Units

$	2,133.00

 $	2,133.00

 $	2,133.00

 $	2,133.00

$

2,133.00

Total For Single Family 40' Units

$

2,242.45

$

2,235.67

$

2,235.46

$

2,233.68

$

2,233.32

Administrative For Townhome 22' Units

$

40.85

$

40.70

$

38.39

$

36.61

$

35.82

Maintenance For Townhome 22' Units

$

68.60

$

61.97

$

64.07

$

64.07

$

64.50

Debt For Townhome 22' Units

$	1,843.00

 $	1,843.00

 $	1,843.00

 $	1,843.00

$

1,843.00

Total For Townhome 22' Units

$

1,952.45

$

1,945.67

$

1,945.46

$

1,943.68

$

1,943.32

Administrative For 2 Story Condo/Flat Units

$

40.85

$

40.70

$

38.39

$

36.61

$

35.82

Maintenance For 2 Story Condo/Flat Units

$

68.60

$

61.97

$

64.07

$

64.07

$

64.50

Debt For 2 Story Condo/Flat Units

$	1,738.00

 $	1,738.00

 $	1,738.00

 $	1,738.00

$

1,738.00

Total For 2 Story Condo/Flat Units

$

1,847.45

$

1,840.67

$

1,840.46

$

1,838.68

$

1,838.32

Administrative For 3 Story Condo/Flat Units

$

40.85

$

40.70

$

38.39

$

36.61

$

35.82

Maintenance For 3 Story Condo/Flat Units

$

68.60

$

61.97

$

64.07

$

64.07

$

64.50

Debt For 3 Story Condo/Flat Units

$	1,580.00

 $	1,580.00

 $	1,580.00

 $	1,580.00

$

1,580.00

Total For 3 Story Condo/Flat Units

$

1,689.45

$

1,682.67

$

1,682.46

$

1,680.68

$

1,680.32

Administrative For Apartment Unit

$

40.85

$

40.70

$

38.39

$

36.61

$

35.82

Maintenance For Apartment Unit

$

68.60

$

61.97

$

64.07

$

64.07

$

64.50

Debt For Apartment Unit

$	- 

 $	- 

 $	- 

 $	- 

$

-

Total For Apartment Unit

$

109.45

$

102.67

$

102.46

$

100.68

$

100.32

* Assessments Include the Following :	
4% Discount for Early Payments

1% County Tax Collector Fee
1% County Property Appraiser Fee

O&M Covenant = 108.00
108.00/.94 = 114.89

South Parcel Acreage
159.28 Acres
47.73% Of District

 Community Information:	

Total South Units

Bond Prepayments

Single Family 40' Unit (Pod VI)

77

0

Townhome 22' Unit (Pod III)
Story Condo/Flat Unit (Pod IV)
Story Condo/Flat Unit (Pods II & V) Apartment Unit (Pod 1)

228
387
384
440

0
0
186
0

Note: Some South Unit Landowners Were Direct Billed For 21/22

Assessments, Due To Parcels Not Being Platted by 21/22 Tax Roll Deadline.

Any Direct Bills that were not paid, were

added to 22/23 Assessment.

Total Residential Units
Assessable Units For Debt

1516

186

Total Units

1516

Less Apartment Unit (Developer Contributed

440
1076
186
890

Cost Of Improvements In Lieu Of Cap Assessment)

Note: 3 Story Flat Units That Are Assessed For Debt: 198

Total Original Assessable Units For Debt

Less Prepayments - 186 Pod V 3 Story Condos

Total Current Assessable Units For Debt

XIV