Downtown Doral	
Community Development District	

Proposed Budget	
FY 2027	

Table of Contents

1

2-3

4

5

	General Fund

	Narratives

	Debt Service Fund Series 2015

	Series 2015 Amortization Schedule

6		Assessment Schedule

Downtown Doral	
Community Development District	
Proposed Budget	
General Fund	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments - On Roll	$	104,071	$	93,467	$	10,603	$	104,071	$	104,071	
Interest Income	10,000	5,713	7,998	13,712	10,000	
Carry Forward Surplus	11,007	-	5,547	5,547	13,012	

TOTAL REVENUES	$	125,078	$	99,181	$	24,148	$	123,329	$	127,083	

EXPENDITURES:

Administrative

Engineering	$	12,000	$	3,963	$	7,000	$	10,963	$	12,000	
Attorney Fees	20,000	8,630	12,082	20,712	20,000	
Annual Audit	4,000	3,600	-	3,600	4,000	
Assessment Administration	5,000	5,000	-	5,000	5,000	
Arbitrage Rebate	1,200	-	1,200	1,200	1,200	
Dissemination Agent	5,000	2,083	2,917	5,000	5,000	
Trustee Fees	8,300	7,200	-	7,200	8,300	
Management Fees	41,305	17,210	24,094	41,305	43,783	
Information Technology	1,200	500	700	1,200	1,200	
Website Maintenance	1,200	500	700	1,200	1,200	
Telephone	100	-	67	67	100	
Postage & Delivery	750	48	438	485	750	
Printing & Binding	750	8	438	445	750	
Insurance	19,400	7,671	-	7,671	19,000	
Legal Advertising	2,500	515	1,985	2,500	2,500	
Other Current Charges	750	326	424	750	750	
Office Supplies	125	0	73	73	125	
Dues, Licenses & Subscriptions	175	175	-	175	175	
Capital Outlay	250	-	146	146	250	
Contingency	1,073	-	626	626	1,000	

TOTAL ADMINISTRATIVE	$	125,078	$	57,429	$	52,888	$	110,317	$	127,083	

TOTAL EXPENDITURES	$	125,078	$	57,429	$	52,888	$	110,317	$	127,083	

EXCESS REVENUES (EXPENDITURES)	$	-	$	41,752	$	(28,739)	$	13,012	$	-	

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	109,549	
	(5,477) 	
 $	104,071 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Residential ERUs	1658	$	69,818.91	$	42.11	$	42.11	$	0.00	
Commercial ERUs	943.47	$	39,729.82	$	42.11	$	42.11	$	0.00	

Total	2601.47	$  109,548.74	

Downtown Doral	
Community Development District	
Budget Narrative	

REVENUES	

Special Assessments-Tax Roll	
The District will levy a Non-Ad Valorem assessment on all sold and platted parcels within the District in order to pay for the operating expenditures during the Fiscal Year.	
Interest	
The District earns interest on the monthly average collected balance for each of their investment accounts.	

Expenditures - Administrative	

Engineering	
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.	
Attorney	
The District’s Attorney, will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.	
Annual Audit	
The District is required to conduct an annual audit of its financial records by an Independent Certified Public Accounting Firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement plus anticipated increase.	
Assessment Roll Administration	
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local Tax Collector and financial advisory services.	
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.	
Trustee Fees	
The District bonds will be held and administered by a Trustee. This represents the trustee annual fee.	
Management Fees	
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the Management Agreement.	
Information Technology	
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.	
Website Maintenance	
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.	
Communication - Telephone	
New internet and Wi-Fi service for Office.	
Postage and Delivery	
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.	
Insurance General Liability	
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.	

Downtown Doral	
Community Development District	
Budget Narrative	

Expenditures - Administrative (continued)	
Printing and Binding	
Copies used in the preparation of agenda packages, required mailings, and other special projects.	
Legal Advertising	
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.	
Other Current Charges	
This includes monthly bank charges and any other miscellaneous expenses that incur during the year.	
Office Supplies	
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.	
Due, Licenses & Subscriptions	
The District is required to pay an annual fee to the Florida Department of Commerce for $175.	
Capital Outlay	
Represents any minor or major capital expenditures the District may need to make during the Fiscal Year.	
Contingencies	
A contingency for any unanticipated and unscheduled cost to the District.	

Downtown Doral	
Community Development District	
Proposed Budget	
Debt Service Series 2015 Special Assessment Refunding Bonds	

Adopted Budget	Actuals Thru	Projected Next	Projected Thru	Proposed Budget	
Description	FY2026	2/28/26	7 Months	9/30/26	FY 2027	

REVENUES:

Special Assessments-On Roll	$	1,017,841	$	914,140	$	103,701	$	1,017,841	$	1,017,841	
Interest Earnings	20,000	17,671	24,739	42,411	20,000	
Carry Forward Surplus (1)	565,825	547,750	-	547,750	721,663	

TOTAL REVENUES	$  1,603,666	$	1,479,561	$	128,440	$	1,608,002	$  1,759,504	

EXPENDITURES:

Interest - 11/1	$	335,669	$	335,669	$	-	$	335,669	$	329,894	
Principal - 5/1	215,000	-	215,000	215,000	360,000	
Interest - 5/1	335,669	-	335,669	335,669	329,894	

TOTAL EXPENDITURES	$	886,339	$	335,669	$	550,669	$	886,339	$  1,019,788	

TOTAL EXPENDITURES	$	886,339	$	335,669	$	550,669	$	886,339	$  1,019,788	

EXCESS REVENUES (EXPENDITURES)	$	717,327	$	1,143,892	$	(422,229)	$	721,663	$	739,717	

Interest Due 11/1/27	$320,387.50	
	$320,387.50	

(1) Carry Forward is Net of Reserve Requirement

Gross Assessments	
Less: Discounts & Collections 5%	
Net Assessments	

$	1,071,412	
	(53,571) 	
 $  1,017,841 	

Product	Assessable Units	Total Gross Assessment	FY26
Gross Per Unit	FY27
Gross Per Unit	Increase/ (Decrease)	

Blended Commercial	14	$	14,546.55	$	1,031.67	$	1,031.67	$	-	
Blended Commercial - 8333 Building	45	$	46,370.27	$	1,031.67	$	1,031.67	$	-	
Townhomes	73	$	73,464.28	$	1,006.36	$	1,006.36	$	-	
7950 Professional Center	21	$	15,171.50	$	735.77	$	735.77	$	-	
Future Office Site	90	$	109,682.80	$	1,218.70	$	1,218.70	$	-	
U-health 156,643 sq.ft	21	$	25,074.23	$	1,218.70	$	1,218.70	$	-	
U-health 185,961 sq.ft	24	$	29,767.23	$	1,218.70	$	1,218.70	$	-	
5252 Paseo	203	$	243,853.75	$	1,201.25	$	1,201.25	$	-	
5300 Paseo	217	$	244,891.01	$	1,128.53	$	1,128.53	$	-	
5350 Park Condo	238	$	268,590.14	$	1,128.53	$	1,128.53	$	-	

Total	945.667	$  1,071,411.75	

Downtown Doral	
Community Development District	
AMORTIZATION SCHEDULE	
Debt Service Series 2015 Special Assessment Refunding Bonds	

Period	Outstanding Balance	Principal	Interest	Annual Debt Service	

11/01/26	12,170,000		329,894	895,563	
05/01/27	12,170,000	360,000	329,894		
11/01/27	11,810,000		320,388	1,010,281	
05/01/28	11,810,000	380,000	320,388		
11/01/28	11,430,000		310,354	1,010,741	
05/01/29	11,430,000	400,000	310,354		
11/01/29	11,030,000		299,793	1,010,146	
05/01/30	11,030,000	420,000	299,793		
11/01/30	10,610,000		288,703	1,008,495	
05/01/31	10,610,000	445,000	288,703		
11/01/31	10,165,000		276,953	1,010,655	
05/01/32	10,165,000	465,000	276,953		
11/01/32	9,700,000		264,675	1,006,628	
05/01/33	9,700,000	495,000	264,675		
11/01/33	9,205,000		251,605	1,011,280	
05/01/34	9,205,000	520,000	251,605		
11/01/34	8,685,000		237,875	1,009,480	
05/01/35	8,685,000	550,000	237,875		
11/01/35	8,135,000		223,353	1,011,228	
05/01/36	8,135,000	580,000	223,353		
11/01/36	7,555,000		207,763	1,011,115	
05/01/37	7,555,000	585,000	207,763		
11/01/37	6,970,000		191,675	984,438	
05/01/38	6,970,000	615,000	191,675		
11/01/38	6,355,000		174,763	981,438	
05/01/39	6,355,000	650,000	174,763		
11/01/39	5,705,000		156,888	981,650	
05/01/40	5,705,000	690,000	156,888		
11/01/40	5,015,000		137,913	984,800	
05/01/41	5,015,000	725,000	137,913		
11/01/41	4,290,000		117,975	980,888	
05/01/42	4,290,000	765,000	117,975		
11/01/42	3,525,000		96,938	979,913	
05/01/43	3,525,000	810,000	96,938		
11/01/43	2,715,000		74,663	981,600	
05/01/44	2,715,000	855,000	74,663		
11/01/44	1,860,000		51,150	980,813	
05/01/45	1,860,000	905,000	51,150		
11/01/45	955,000		26,263	982,413	
05/01/46	955,000	955,000	26,263	981,263	

$12,170,000	$8,079,155	$20,249,155	

Downtown Doral	
Community Development District	
Non-Ad Valorem Assessments Comparison
2026-2027	

Neighborhood	
Units/Sq.ft.	O&M Units	Bonds Units 2015	
Annual Maintenance Assessments	
Annual Debt Assessments	
Total Assessed Per Unit	
	FY 2027	FY2026	Increase/ (decrease)	FY 2027	FY2026	Increase/ (decrease)	FY 2027	FY2026	Increase/ (decrease)	

Cordoba I	
224	
224	
224	
$42.11	
$42.11	
$0.00	
$0.00	
$0.00	
$0.00	
$42.11	
$42.11	
$0.00	
Cordoba II	230	230	230	$42.11	$42.11	$0.00	$0.00	$0.00	$0.00	$42.11	$42.11	$0.00	
Blended Commercial - Publix	47000	14.10	14	$42.11	$42.11	$0.00	$1,031.67	$1,031.67	$0.00	$1,073.78	$1,073.78	$0.00	
Blended Commercial - 8333 Building	149823	44.95	45	$42.11	$42.11	$0.00	$1,031.67	$1,031.67	$0.00	$1,073.78	$1,073.78	$0.00	
Townhomes*	85	85	73	$42.11	$42.11	$0.00	$1,006.36	$1,006.36	$0.00	$1,048.47	$1,048.47	$0.00	
7950 Professional Center	68742	20.62	21	$42.11	$42.11	$0.00	$735.77	$735.77	$0.00	$777.88	$777.88	$0.00	
Future office site	300000	90.00	90	$42.11	$42.11	$0.00	$1,218.70	$1,218.70	$0.00	$1,260.81	$1,260.81	$0.00	
U-health 156,643 sq.ft	68582	20.57	21	$42.11	$42.11	$0.00	$1,218.70	$1,218.70	$0.00	$1,260.81	$1,260.81	$0.00	
U-health 185,961 sq.ft	81418	24.43	24	$42.11	$42.11	$0.00	$1,218.70	$1,218.70	$0.00	$1,260.81	$1,260.81	$0.00	
5252 Paseo	203	203	203	$42.11	$42.11	$0.00	$1,201.25	$1,201.25	$0.00	$1,243.36	$1,243.36	$0.00	
5300 Paseo	219	219	217	$42.11	$42.11	$0.00	$1,128.53	$1,128.53	$0.00	$1,170.64	$1,170.64	$0.00	
5350 Park Condo	238	238	238	$42.11	$42.11	$0.00	$1,128.53	$1,128.53	$0.00	$1,170.64	$1,170.64	$0.00	
5250 Park	231	231	231	$42.11	$42.11	$0.00	$0.00	$0.00	$0.00	$42.11	$42.11	$0.00	
5225 Paseo Apartments	228	228	0	$42.11	$42.11	$0.00	$0.00	$0.00	$0.00	$42.11	$42.11	$0.00	
Commerical	434620	130.4	0	$42.11	$42.11	$0.00	$0.00	$0.00	$0.00	$42.11	$42.11	$0.00	
Various Folios	533.102	598.41	0	$42.11	$42.11	$0.00	$0.00	$0.00	$0.00	$42.11	$42.11	$0.00	
Total	1152376.10	2601.47	1630.67										

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