Adopted Budget
Fiscal Year 2023

Downtown Doral South Community Development District

July 26, 2022

Downtown Doral South
Community Development District

General Fund

Adopted Budget
     FY 2022	

Actual thru
   6/30/2022 

Projected Next
    3 Months 

Total Projected at
   9/30/2022 

Adopted Budget
     FY 2023	

 Description	

Revenues
Maintenance Assessments (Area 1/Area Assessments - Direct
Interest Income
Carry Forward Surplus

$1,064,402
$516,001
$675
$273,870

$1,196,452
$243,900
$4,955
$50,815

$0
$272,101
$600
$0

$1,196,452
$516,001
$5,555
$50,815

$1,064,402
$516,001
$1,000
$283,819

Total Revenues

   $1,854,948 

   $1,496,122 

 	$272,701 

   $1,768,823 

   $1,865,222 

Expenditures

Administrative Engineering Dissemination Arbitrage Assessment Roll Attorney
Annual Audit Trustee Management Fees Telephone Postage  Insurance
Printing & Binding Legal Advertising Other Current Charges Website Admin
Office Supplies Dues, Licenses
First Quarter Operating Property Taxes

$25,000
$2,500
$2,600
$5,000
$25,000
$9,000
$24,500
$40,000
$100
$1,000
$6,512
$1,000
$1,000
$750
$1,000
$350
$175
$27,000
$0

$5,194
$1,875
$550
$5,000
$6,045
$3,500
$17,500
$30,000
$0
$753
$6,127
$160
$395
$104
$750
$18
$175
$32,260
$0

$10,000
$1,339
$1,650
$0
$6,045
$9,000
$7,000
$21,429
$25
$151
$0
$160
$395
$104
$536
$18
$0
$0
$0

$15,194
$3,214
$2,200
$5,000
$12,090
$12,500
$24,500
$51,429
$25
$904
$6,127
$319
$790
$209
$1,286
$36
$175
$32,260
$0

$25,000
$2,500
$2,600
$5,000
$25,000
$9,000
$24,500
$42,800
$100
$1,000
$6,893
$1,000
$1,000
$750
$1,200
$350
$175
$27,000
$0

Total Administrative

 	$172,487 

 	$110,406 

 	$57,851 

 	$168,257 

 	$175,868 

Field

Field Management Electric - Street Lighting Electric - Fountains Irrigation-Potable Water Property Insurance Pest Control
Landscape Maintenance Landscape Replacement Royal Palm Treatment Pressure Cleaning - Overall General Maintenance
Wall Maintenance Fountain Maintenance Irrigation Maintenance Lake Maintenance Fertilization
Irrigation Repairs Maintenance Personnel

$18,000
$36,000
$105,000
$225,000
$15,000
$50,000
$450,000
$200,000
$120,000
$60,000
$50,000
$10,000
$17,500
$98,969
$24,000
$50,000
$20,000
$41,600

$13,500
$23,754
$7,347
$128,253
$0
$33,950
$206,867
$97,269
$86,205
$37,250
$3,945
$0
$7,458
$0
$7,911
$0
$10,290
$0

$9,643
$16,967
$5,248
$91,609
$0
$24,250
$147,762
$69,478
$61,575
$26,607
$3,945
$2,500
$7,458
$40,000
$5,651
$25,000
$10,000
$20,000

$23,143
$40,721
$12,594
$219,862
$0
$58,200
$354,629
$166,747
$147,780
$63,857
$7,890
$2,500
$14,916
$40,000
$13,562
$25,000
$20,290
$20,000

$20,700
$36,000
$105,000
$225,000
$15,000
$50,000
$450,000
$200,000
$120,000
$60,000
$50,000
$10,000
$17,500
$98,969
$24,000
$50,000
$20,000
$41,600

Page 1

Downtown Doral South
Community Development District

General Fund

Adopted Budget
     FY 2022	

Actual thru
   6/30/2022 

Projected Next
    3 Months 

Total Projected at
   9/30/2022 

Adopted Budget
     FY 2023	

 Description	

Field (continued)

Wall Painting Reserve Reserves Contingency

$20,000
$40,000
$31,392

$0
$0
$17,528

$20,000
$30,000
$17,528

$20,000
$30,000
$35,056

$20,000
$40,000
$35,585

Total Field

   $1,682,461 

 	$681,526 

 	$635,221 

   $1,316,747 

   $1,689,354 

Total Expenditures

   $1,854,948 

 	$791,932 

 	$693,071 

   $1,485,004 

   $1,865,222 

Assigned Fund Balance

 	$0 

$704,190

($420,370)

$283,819

$0

ON ROLL ASSESSMENTS:

DIRECT ASSESSMENTS:

Page 2

Product	Unit Gross/Unit

Area 1
Townhomes    14     $1,263.16 Single Family  112   $1,263.16 Estate Homes 46 $1,263.16

Area 2
Condominium 258 $1,263.16

Total

Total Gross Discounts/Collections Net Collections

Total

$17,684.24
$141,473.92
$58,105.36
$217,263.52

$325,895.28

$543,158.80

$543,158.80 (27,157.94)
$516,000.86

Product	Units    Gross/Unit	Total

Area 1
Townhomes	34	$1,263.16	$42,947.44
Single Family	123	$1,263.16	$155,368.68
Estate Homes	85	$1,263.16	$107,368.60
$305,684.72
Area 2
Condominium	140	$1,263.16	$176,842.40
Cluster	466	$1,263.16	$588,632.56
Townhomes	39	$1,263.16		$49,263.24 Total			$814,738.20

Total Gross	$1,120,422.92 Discounts/Collections		(56,021.15)
Net Collections	$1,064,401.77

Downtown Doral South
Community Development District

General Fund

REVENUES:

Maintenance Assessments
The District will levy a Non-Ad Valorem assessment on all the platted lots within the District to pay all of the operating expenses for the Fiscal Year in accordance with the adopted budget.

_

_

_

_

EXPENDITURES:

Administrative:

Engineering Fees
The District's engineer will be providing general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review invoices, etc.

Arbitrage
The District is required to have an annual arbitrage rebate calculation on the District’s Bonds. The District will contract with an independent auditing firm to perform the calculations.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)-12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney Fees
The District's legal counsel will be providing general legal services to the District, i.e. attendance and preparation for monthly meetings, review operating & maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees
The District bonds will be held and administered by Wells Fargo Bank as Trustee. This represents the banks annual fee for all 4 bond issues.

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services – South Florida, LLC.

Computer Time
The District processes all of its financial activities, i.e. accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.

Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.

Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Page 3

Downtown Doral South
Community Development District

General Fund

Administrative: (continued)

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies. The amount is based upon similar Community Development Districts.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings etc in a newspaper of general circulation.

Other Current Charges
Bank charges and any other miscellaneous expenses that incurred during the year.

Website Compliance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding Compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.

Office Supplies
Miscellaneous office supplies.

Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Field:

Landscape Maintenance
The District has contracted with Equator Landscaping for the landscape maintenance of the District’s common areas. Services include mowing, edging, shrub care, Palm and tree care, weed control, fertilization, pest control and irrigation maintenance.

Landscape Replacement
The cost to replace sod, bushes, annuals, perennials as needed.

Royal Palm Treatment
The District has entered into a contract with Equator Landscaping to treat the Royal Palms.

Irrigation Repairs
Irrigation system repairs and materials.

Irrigation – Potable Water
The District has accounts with Miami-Dade Water Department for irrigation of the District’s common areas.

Lake Maintenance
Includes monthly cleaning of all District lakes. The District is contracted with The Lake Doctors for these services.

Electric – Street Lighting
The District will open accounts with FPL for the District street lighting.

Page 4

Downtown Doral South
Community Development District

General Fund

Field: (continued)

Electric – Fountains
The District will open accounts with FPL for the fountains.

Fountain Maintenance
The District has entered into a contract with Florida’s Bright & Blue Pools to maintain the fountains.

Wall Maintenance
Includes maintenance and repairs for the perimeter wall.

Wall Painting Reserve
Funds for future repainting of the wall.

General Maintenance
Includes general maintenance and repairs.

Maintenance Personnel
District personnel for the Maintenance of the District.

Pressure Cleaning
Pressure cleaning of sidewalks and walkways.

Property Insurance
Property coverage for fountains and physical assets of the District.

Property Management
The supervision and on-site management of the District. The responsibilities include reviewing contracts and other maintenance related items.

Reserves
Funds set aside for future replacements of capital related items.

Contingency
Represents any un-budgeted expense related to the operations and maintenance of the district.

Page 5

Downtown Doral South
Community Development District

Debt Service Fund
Series 2016, Special Assessment Note

Adopted Budget
     FY 2022	

Actual thru
   6/30/2022 

Projected Next
    3 Months 

Total Projected at
   9/30/2022 

Adopted Budget
     FY 2023	

 Description	

Revenues

Assessments - Direct (1) Interest Income Prepayments

$5,465,696
$0
$0

$214,928
$130
$1,692,766

$0
$50
$434,250

$214,928
$180
$2,127,016

$33,105
$0
$0

Total Revenues

   $5,465,696 

   $1,907,824 

 	$434,300 

   $2,342,124 

 	$33,105 

Expenditures

Series 2016
Special Call - 10/1 Interest Expense - 10/1 Special Call - 11/1 Interest Expense - 11/1 Special Call - 12/1 Interest Expense - 12/1 Interest Expense - 01/1 Special Call - 1/1 Interest Expense - 02/1 Special Call - 02/1 Interest Expense - 03/1 Special Call - 03/1 Interest Expense - 04/1 Special Call - 04/1 Interest Expense - 05/1 Principal Expense - 05/1 Interest Expense - 06/1 Principal Expense - 06/1 Interest Expense - 07/1 Principal Expense - 07/1

$0
$0
$0
$50,693
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$50,693
$5,364,311
$0
$0
$0
$0

$295,000
$1,492
$55,000
$29,741
$160,000
$171
$607
$275,000
$1,137
$355,000
$491
$115,000
$747
$140,000
$24,335
$145,000
$646
$340,000
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$513
$270,000

$295,000
$1,492
$55,000
$29,741
$160,000
$171
$607
$275,000
$1,137
$355,000
$491
$115,000
$747
$140,000
$24,335
$145,000
$646
$340,000
$513
$270,000

$0
$0
$0
$16,553
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$16,553
$0
$0
$0
$0
$0

Total Expenditures

   $5,465,696 

   $1,939,366 

 	$270,513 

   $2,209,879 

 	$33,105 

EXCESS REVENUES

 	($0)

($31,542)

$163,787

$132,245

$0

(1) Bonds mature and are due in full 11/1/2023

Page 6

Downtown Doral South
Community Development District

Series 2016, Special Assessment Note
Amortization Schedule

PRINCIPAL
 	BALANCE	

INTEREST
 	RATE	

 	DATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

1-May-21
1-Jun-21
1-Jul-21
1-Aug-21
1-Sep-21
1-Oct-21
1-Nov-21
1-Dec-21
1-Jan-22
1-Feb-22
1-Mar-22
1-Apr-22
1-May-22
1-Jun-22
1-Jul-22
1-Aug-22
1-Nov-22
1-May-23
1-Nov-23

$5,889,311.00
$5,764,311.00
$5,514,311.00
$5,364,311.00
$5,194,311.00
$4,899,311.00
$4,844,311.00
$4,684,311.00
$4,409,311.00
$4,054,311.00
$3,939,311.00
$3,799,311.00
$3,654,311.00
$3,314,311.00
$2,974,311.00
$2,944,311.00
$2,584,311.00
$2,584,311.00
$2,584,311.00

1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%

$36,442.29
$126.47
$505.83
$460.36
$688.02
$1,492.38
$29,740.52
$170.80
$606.70
$1,136.89
$491.05
$747.25
$23,405.86
$646.00
$57.00
$684.00
$16,552.51
$16,552.51
$16,552.51

$0.00
$125,000.00
$250,000.00
$150,000.00
$170,000.00
$295,000.00
$55,000.00
$160,000.00
$275,000.00
$355,000.00
$115,000.00
$140,000.00
$145,000.00
$340,000.00
$30,000.00
$360,000.00
$0.00
$0.00
$2,584,311.00

$36,442.29
$125,126.47
$250,505.83
$150,460.36
$170,688.02
$296,492.38
$84,740.52
$160,170.80
$275,606.70
$356,136.89
$115,491.05
$140,747.25
$168,405.86
$340,646.00
$30,057.00
$360,684.00
$16,552.51
$16,552.51
$2,600,863.51

 	Total	

 	$147,058.96 

 	$5,549,311.00 

 	$5,696,369.96 

(1) Bonds mature and are due in full 11/1/2023

Page 7

Downtown Doral South
Community Development District

Debt Service Fund
Series 2017 Special Assessment Note

Adopted Budget
     FY 2022	

Actual thru
   6/30/2022 

Projected Next
    3 Months 

Total Projected at
   9/30/2022 

Adopted Budget
     FY 2023	

 Description	

Revenues

Assessments - Direct (1) Prepayments
Interest Income

$5,762,574
$0
$0

$64,248
$1,848,511
$131

$0
$300,000
$37

$64,248
$2,148,511
$168

$39,243
$0
$0

Total Revenues

   $5,762,574 

   $1,912,890 

 	$300,037 

   $2,212,927 

 	$39,243 

Expenditures

Series 2017
Special Call - 10/1 Interest Expense - 10/1 Special Call - 11/1 Interest Expense - 11/1 Special Call - 12/1 Interest Expense - 12/1 Interest Expense - 01/1 Special Call - 01/1 Interest Expense - 02/1 Special Call - 02/1 Interest Expense - 03/1 Special Call - 03/1 Interest Expense - 04/1 Special Call - 04/1 Interest Expense - 05/1 Special Call - 05/1 Interest Expense - 06/1 Principal Expense - 06/1 Interest Expense - 07/1 Principal Expense - 07/1

$0
$0
$0
$59,539
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$59,539
$5,643,496
$0
$0
$0
$0

$295,000
$1,492
$55,000
$29,741
$160,000
$171
$607
$275,000
$1,137
$355,000
$491
$115,000
$747
$140,000
$26,324
$145,000
$646
$340,000
$0
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$513
$270,000

$295,000
$1,492
$55,000
$29,741
$160,000
$171
$607
$275,000
$1,137
$355,000
$491
$115,000
$747
$140,000
$26,324
$145,000
$646
$340,000
$513
$270,000

$0
$0
$0
$19,622
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$19,622
$0
$0
$0
$0
$0

Total Expenditures

   $5,762,574 

   $1,941,356 

 	$270,513 

   $2,211,869 

 	$39,243 

EXCESS REVENUES

 	$0 

($28,466)

$29,524

$1,058

$0

(1) Bonds mature are are due in full 11/1/2023

Page 8

Downtown Doral South
Community Development District

Series 2017 Special Assessment Note
Amortization Schedule

PRINCIPAL
 	BALANCE	

INTEREST
 	RATE	

 	DATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

1-May-21
1-Jun-21
1-Jul-21
1-Aug-21
1-Sep-21
1-Oct-21
1-Nov-21
1-Dec-21
1-Jan-22
1-Feb-22
1-Mar-22
1-Apr-22
1-May-22
1-Jun-22
1-Jul-22
1-Aug-22
1-Nov-22
1-May-23
1-Nov-23

$6,168,496.00
$6,028,496.00
$5,903,496.00
$5,653,496.00
$5,503,496.00
$5,333,496.00
$5,038,496.00
$4,983,496.00
$4,823,496.00
$4,548,496.00
$4,193,496.00
$4,078,496.00
$3,938,496.00
$3,793,496.00
$3,453,496.00
$3,423,496.00
$3,063,496.00
$3,063,496.00
$3,063,496.00

1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%
1.28%

$35,236.56
$126.47
$505.83
$460.36
$688.02
$1,492.38
$30,933.68
$170.80
$606.70
$1,136.89
$491.05
$747.25
$25,226.07
$646.00
$57.00
$684.00
$19,621.69
$19,621.69
$19,621.69

$140,000.00
$125,000.00
$250,000.00
$150,000.00
$170,000.00
$295,000.00
$55,000.00
$160,000.00
$275,000.00
$355,000.00
$115,000.00
$140,000.00
$145,000.00
$340,000.00
$30,000.00
$360,000.00
$0.00
$0.00
$3,063,496.00

$175,236.56
$125,126.47
$250,505.83
$150,460.36
$170,688.02
$296,492.38
$85,933.68
$160,170.80
$275,606.70
$356,136.89
$115,491.05
$140,747.25
$170,226.07
$340,646.00
$30,057.00
$360,684.00
$19,621.69
$19,621.69
$3,083,117.69

 	Total	

 	$496,763.17 

 	$6,168,496.00 

 	$6,326,570.13 

(1) Bonds mature are are due in full 11/1/2023

Page 9

Downtown Doral South
Community Development District

Debt Service Fund
Series 2018 Area One Special Assessment Bond

Adopted Budget
     FY 2022	

Actual thru
   6/30/2022 

Projected Next
    3 Months 

Total Projected at
   9/30/2022 

Adopted Budget
     FY 2023	

 Description	

Revenues

Assessments - On Roll Assessments - Direct Interest Income
Carry Forward Surplus

$1,177,817
$0
$0
$411,556

$858,359
$443,178
$242
$254,937

$0
$30,000
$20
$0

$858,359
$473,178
$262
$254,937

$1,177,817
$0
$0
$417,286

Total Revenues

   $1,589,373 

   $1,556,716 

 	$30,020 

   $1,586,736 

   $1,595,103 

Expenditures

Series 2018-1 Interest 11/1 Principal 5/1 Interest - 5/1

$427,225
$315,000
$427,225

$427,225
$315,000
$427,225

$0
$0
$0

$427,225
$315,000
$427,225

$419,880
$330,000
$419,880

Total Expenditures

   $1,169,450 

   $1,169,450 

 	$0 

   $1,169,450 

   $1,169,760 

EXCESS REVENUES

 	$419,923 

$387,266

$30,020

$417,286

$425,343

11/1/2023

$412,390

ON ROLL ASSESSMENTS:

Page 10

Product	Unit     Gross/Unit	Total

Area 1
Townhomes         34	$2,187.72		$74,382.48 Single Family      265         $2,396.06	$634,955.90 Estate Homes    134          $3,958.72	$530,468.48
433 Total Gross $1,239,806.86 Discounts/Collections	(61,990.34)
Net Collections $1,177,816.52

Downtown Doral South
Community Development District

Series 2018 Area One   Special Assessment Bond
Amortization  Schedule

PRINCIPAL
 	BALANCE	

COUPON
      RATE	

 	DATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

1-Nov-18
1-May-19
1-Nov-19
1-May-20
1-Nov-20
1-May-21
1-Nov-21
1-May-22

$17,970,000.00
$17,970,000.00
$17,695,000.00
$17,695,000.00
$17,410,000.00
$17,410,000.00
$17,110,000.00
$17,110,000.00

$235,919.31
$447,005.00
$440,680.00
$440,680.00
$434,125.00
$434,125.00
$427,225.00
$427,225.00

$0.00
$275,000.00
$0.00
$285,000.00
$0.00
$300,000.00
$0.00
$315,000.00

$235,919.31
$0.00
$1,162,685.00
$0.00
$1,159,805.00
$0.00
$1,161,350.00
$0.00

4.60%

4.60%

4.60%

4.60%

1-Nov-23
1-May-24
1-Nov-24
1-May-25
1-Nov-25
1-May-26
1-Nov-26
1-May-27
1-Nov-27
1-May-28
1-Nov-28
1-May-29
1-Nov-29
1-May-30
1-Nov-30
1-May-31
1-Nov-31
1-May-32
1-Nov-32
1-May-33
1-Nov-33
1-May-34
1-Nov-34
1-May-35
1-Nov-35
1-May-36
1-Nov-36
1-May-37
1-Nov-37
1-May-38
1-Nov-38
1-Feb-39
1-Nov-39
1-May-40
1-Nov-40
1-May-41
1-Nov-41
1-May-42
1-Nov-42
1-May-43
1-Nov-43
1-May-44
1-Nov-44
1-May-45
1-Nov-45
1-May-46
1-Nov-46
1-May-47
1-Nov-47
1-May-48

$16,465,000.00
$16,465,000.00
$16,120,000.00
$16,120,000.00
$15,760,000.00
$15,760,000.00
$15,385,000.00
$15,385,000.00
$14,990,000.00
$14,990,000.00
$14,575,000.00
$14,575,000.00
$14,140,000.00
$14,140,000.00
$13,685,000.00
$13,685,000.00
$13,205,000.00
$13,205,000.00
$12,700,000.00
$12,700,000.00
$12,170,000.00
$12,170,000.00
$11,615,000.00
$11,615,000.00
$11,030,000.00
$11,030,000.00
$10,415,000.00
$10,415,000.00
$9,770,000.00
$9,770,000.00
$9,090,000.00
$9,090,000.00
$8,375,000.00
$8,375,000.00
$7,620,000.00
$7,620,000.00
$6,830,000.00
$6,830,000.00
$5,995,000.00
$5,995,000.00
$5,120,000.00
$5,120,000.00
$4,195,000.00
$4,195,000.00
$3,225,000.00
$3,225,000.00
$2,205,000.00
$2,205,000.00
$1,130,000.00
$1,130,000.00

$412,390.00
$412,390.00
$404,455.00
$404,455.00
$396,175.00
$396,175.00
$387,550.00
$387,550.00
$378,465.00
$378,465.00
$368,920.00
$368,920.00
$358,045.00
$358,045.00
$346,670.00
$346,670.00
$334,670.00
$334,670.00
$322,045.00
$322,045.00
$308,795.00
$308,795.00
$294,920.00
$294,920.00
$280,295.00
$280,295.00
$264,920.00
$264,920.00
$248,795.00
$248,795.00
$231,795.00
$231,795.00
$213,562.50
$213,562.50
$194,310.00
$194,310.00
$174,165.00
$174,165.00
$152,872.50
$152,872.50
$130,560.00
$130,560.00
$106,972.50
$106,972.50
$82,237.50
$82,237.50
$56,227.50
$56,227.50
$28,815.00
$28,815.00

$0.00
$345,000.00
$0.00
$360,000.00
$0.00
$375,000.00
$0.00
$395,000.00
$0.00
$415,000.00
$0.00
$435,000.00
$0.00
$455,000.00
$0.00
$480,000.00
$0.00
$505,000.00
$0.00
$530,000.00
$0.00
$555,000.00
$0.00
$585,000.00
$0.00
$615,000.00
$0.00
$645,000.00
$0.00
$680,000.00
$0.00
$715,000.00
$0.00
$755,000.00
$0.00
$790,000.00
$0.00
$835,000.00
$0.00
$875,000.00
$0.00
$925,000.00
$0.00
$970,000.00
$0.00
$1,020,000.00
$0.00
$1,075,000.00
$0.00
$1,130,000.00

$1,162,370.00
$0.00
$1,161,845.00
$0.00
$1,160,630.00
$0.00
$1,158,725.00
$0.00
$1,161,015.00
$0.00
$1,162,385.00
$0.00
$1,161,965.00
$0.00
$1,159,715.00
$0.00
$1,161,340.00
$0.00
$1,161,715.00
$0.00
$1,160,840.00
$0.00
$1,158,715.00
$0.00
$1,160,215.00
$0.00
$1,160,215.00
$0.00
$1,158,715.00
$0.00
$1,160,590.00
$0.00
$1,160,357.50
$0.00
$1,162,872.50
$0.00
$1,158,475.00
$0.00
$1,162,037.50
$0.00
$1,158,432.50
$0.00
$1,162,532.50
$0.00
$1,159,210.00
$0.00
$1,158,465.00
$0.00
$1,160,042.50
$1,158,815.00

4.60%

4.60%

4.60%

4.60%

4.60%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.00%

5.10%

5.10%

5.10%

5.10%

5.10%

5.10%

5.10%

5.10%

5.10%

5.10%

 	Total	

 	$17,084,199.31 

 	$17,970,000.00 

 	$35,054,199.31 

Page 11

1-Nov-22	$16,795,000.00	$419,980.00	$0.00	$1,162,205.00
1-May-23	$16,795,000.00	4.60%	$419,980.00	$330,000.00	$0.00

Downtown Doral South
Community Development District

Debt Service Fund
Series 2018 Area Two Special Assessment Bond

Adopted Budget
     FY 2022	

Actual thru
    6/30/2022 

Projected Next
    3 Months 

Total Projected at
   9/30/2022 

Adopted Budget
     FY 2023	

 	Description	

Revenues

Assessments - On Roll Assessments - Direct Interest Income
Carry Forward Surplus

$1,201,427
$241,653
$0
$746,964

$1,042,975
$283,905
$1,150
$677,100

$0
$0
$30
$0

$1,042,975
$283,905
$1,180
$677,100

$1,201,427
$241,653
$0
$575,466

Total Revenues

   $2,190,044 

    $2,005,130 

 	$30 

   $2,005,160 

   $2,018,545 

Expenditures

Series 2018-2 Interest 12/15 Principal 12/15 Interest 6/15

$518,722
$400,000
$510,972

$518,722
$400,000
$510,972

$0
$0
$0

$518,722
$400,000
$510,972

$510,972
$420,000
$510,972

Total Expenditures

   $1,429,694 

    $1,429,694 

 	$0 

   $1,429,694 

   $1,441,944 

EXCESS REVENUES

 	$760,350 

$575,436

$30

$575,466

$576,601

12/15/23 Interest

$502,837

ON ROLL ASSESSMENTS:

DIRECT ASSESSMENTS:

Page 12

Product	Units   Gross/Unit	Total

Condominium	163	$1,560.56	$254,371.28

Total Gross	$254,371.28
Discounts/Collections	(12,718.56)
Net Collections	$241,652.72

Product	Unit	Gross/Unit	Total

Condominium	235	$1,560.56	$366,731.60
Cluster	465	$1,773.37	$824,617.05
Townhomes	39	$1,879.77	$73,311.03

Total Gross	$1,264,659.68 Discounts/Collections		(63,232.98)
Net Collections	$1,201,426.70

Downtown Doral South
Community Development District

Series 2018 Area Two Special Assessment Bond
Amortization  Schedule

PRINCIPAL
 	BALANCE	

COUPON
      RATE	

 	DATE	

 	INTEREST	

 	PRINCIPAL	

 	TOTAL	

15-Dec-18
15-Jun-19
15-Dec-19
15-Jun-20
15-Dec-20
15-Jun-21
15-Dec-21
15-Jun-22

$22,535,000.00
$22,535,000.00
$22,535,000.00
$22,160,000.00
$22,160,000.00
$21,770,000.00
$21,770,000.00
$21,370,000.00

3.875%

$252,221.27
$534,115.63
$533,543.75
$526,278.13
$526,278.13
$518,721.88
$518,721.88
$510,971.88

$0.00
$0.00
$375,000.00
$0.00
$390,000.00
$0.00
$400,000.00
$0.00

$786,336.90
$908,543.75
$0.00
$1,442,556.25
$0.00
$1,437,443.75
$0.00

3.875%

3.875%

3.875%

15-Dec-23
15-Jun-24
15-Dec-24
15-Jun-25
15-Dec-25
15-Jun-26
15-Dec-26
15-Jun-27
15-Dec-27
15-Jun-28
15-Dec-28
15-Jun-29
15-Dec-29
15-Jun-30
15-Dec-30
15-Jun-31
15-Dec-31
15-Jun-32
15-Dec-32
15-Jun-33
15-Dec-33
15-Jun-34
15-Dec-34
15-Jun-35
15-Dec-35
15-Jun-36
15-Dec-36
15-Jun-37
15-Dec-37
15-Jun-38
15-Dec-38
15-Jun-39
15-Dec-39
15-Jun-40
15-Dec-40
15-Jun-41
15-Dec-41
15-Jun-42
15-Dec-42
15-Jun-43
15-Dec-43
15-Jun-44
15-Dec-44
15-Jun-45
15-Dec-45
15-Jun-46
15-Dec-46
15-Jun-47
15-Dec-47
15-Jun-48
15-Dec-48

$20,950,000.00
$20,515,000.00
$20,515,000.00
$20,065,000.00
$20,065,000.00
$19,595,000.00
$19,595,000.00
$19,105,000.00
$19,105,000.00
$18,595,000.00
$18,595,000.00
$18,060,000.00
$18,060,000.00
$17,505,000.00
$17,505,000.00
$16,925,000.00
$16,925,000.00
$16,315,000.00
$16,315,000.00
$15,675,000.00
$15,675,000.00
$15,005,000.00
$15,005,000.00
$14,305,000.00
$14,305,000.00
$13,570,000.00
$13,570,000.00
$12,800,000.00
$12,800,000.00
$11,995,000.00
$11,995,000.00
$11,150,000.00
$11,150,000.00
$10,265,000.00
$10,265,000.00
$9,335,000.00
$9,335,000.00
$8,360,000.00
$8,360,000.00
$7,335,000.00
$7,335,000.00
$6,260,000.00
$6,260,000.00
$5,130,000.00
$5,130,000.00
$3,945,000.00
$3,945,000.00
$2,700,000.00
$2,700,000.00
$1,395,000.00
$1,395,000.00

3.875%

$502,834.38
$494,406.25
$494,406.25
$484,843.75
$484,843.75
$474,856.25
$474,856.25
$464,443.75
$464,443.75
$453,606.25
$453,606.25
$442,237.50
$442,237.50
$429,056.25
$429,056.25
$415,281.25
$415,281.25
$400,793.75
$400,793.75
$385,593.75
$385,593.75
$369,681.25
$369,681.25
$353,056.25
$353,056.25
$335,600.00
$335,600.00
$317,312.50
$317,312.50
$298,193.75
$298,193.75
$278,125.00
$278,125.00
$256,000.00
$256,000.00
$232,750.00
$232,750.00
$208,375.00
$208,375.00
$182,750.00
$182,750.00
$155,875.00
$155,875.00
$127,625.00
$127,625.00
$98,000.00
$98,000.00
$66,875.00
$66,875.00
$34,250.00
 	$34,250.00 
 	$20,170,331.25 

$435,000.00
$0.00
$450,000.00
$0.00
$470,000.00
$0.00
$490,000.00
$0.00
$510,000.00
$0.00
$535,000.00
$0.00
$555,000.00
$0.00
$580,000.00
$0.00
$610,000.00
$0.00
$640,000.00
$0.00
$670,000.00
$0.00
$700,000.00
$0.00
$735,000.00
$0.00
$770,000.00
$0.00
$805,000.00
$0.00
$845,000.00
$0.00
$885,000.00
$0.00
$930,000.00
$0.00
$975,000.00
$0.00
$1,025,000.00
$0.00
$1,075,000.00
$0.00
$1,130,000.00
$0.00
$1,185,000.00
$0.00
$1,245,000.00
$0.00
$1,305,000.00
$0.00
 	$1,370,000.00 
 	$22,510,000.00 

$1,440,668.75
$0.00
$1,438,812.50
$0.00
$1,439,687.50
$0.00
$1,439,712.50
$0.00
$1,438,887.50
$0.00
$1,442,212.50
$0.00
$1,439,475.00
$0.00
$1,438,112.50
$0.00
$1,440,562.50
$0.00
$1,441,587.50
$0.00
$1,441,187.50
$0.00
$1,439,362.50
$0.00
$1,441,112.50
$0.00
$1,441,200.00
$0.00
$1,439,625.00
$0.00
$1,441,387.50
$0.00
$1,441,250.00
$0.00
$1,442,000.00
$0.00
$1,440,500.00
$0.00
$1,441,750.00
$0.00
$1,440,500.00
$0.00
$1,441,750.00
$0.00
$1,440,250.00
$0.00
$1,441,000.00
$0.00
$1,438,750.00
$0.00
 	$1,438,500.00 
 	$43,466,668.15 

4.250%

4.250%

4.250%

4.250%

4.250%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

4.750%

5.000%

5.000%

5.000%

5.000%

5.000%

5.000%

5.000%

5.000%

5.000%

     5.000% 
 	Total	

Page 13

15-Dec-22	$21,370,000.00	3.875%	$510,971.88	$420,000.00	$1,441,943.75
15-Jun-23	$20,950,000.00	$502,834.38	$0.00	$0.00