Beeline
Community Development District

Amended Final Budget For Fiscal Year 2017/2018
October 1, 2017 - September 30, 2018

CONTENTS

I	AMENDED FINAL OPERATING FUND BUDGET II	AMENDED FINAL DEBT SERVICE BUDGET

BEELINE COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET 10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR  TO DATE ACTUAL
10/1/17 - 9/29/18	
O & M Assessments (Includes Utility Assessments)	321,737	259,087	259,087	
Utility Fee Revenue	0	86,733	86,733	
Debt Assessments	863,670	863,728	863,728	
Other Revenues	69,000	69,900	69,900	
Interest Income	180	112	112	
Total Income	$	1,254,587	$	1,279,560	$	1,279,560	
				
EXPENDITURES				
Supervisor Fees	9,000	6,200	6,200	
Payroll Taxes - Payroll	720	474	474	
Fire Protection Maintenance	2,500	6,800	5,723	
Signage Maintenance	1,000	0	0	
Surface Water Maintenance	7,500	5,985	5,985	
Engineering/Inspections	20,000	34,000	27,077	
Management - General	46,296	46,296	46,296	
Management - Fire Protection	7,416	7,416	7,416	
Management - Signage	672	672	672	
Management - Surface Water	16,188	16,188	16,188	
Secretarial	4,200	4,200	4,200	
Legal	22,000	22,586	22,586	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	7,100	7,000	7,000	
Arbitrage Rebate Calculation Fee	650	650	650	
Telephone	2,600	3,048	3,048	
Insurance	10,000	7,067	7,067	
Legal Advertising	1,300	2,100	1,565	
Miscellaneous	3,500	3,500	2,783	
Postage	600	260	252	
Office Supplies	1,750	1,275	1,252	
Dues & Subscriptions	175	175	175	
Trustee Fees	3,500	3,500	0	
Continuing Disclosure Fee	1,000	1,000	1,000	
Legal - Greenberg Traurig (Reimbursed By Landowner)	3,000	907	907	
Property Taxes (Reimbursed By Landowner)	66,000	68,993	68,993	
Contingency - Repairs & Maintenance	10,000	34,000	32,971	
Management Fee - Bishop	87,000	87,000	87,000	
Management Fee - Bishop - Insurance	0	6,884	6,884	
Electricity	13,000	12,500	11,578	
Maintenance Lake & Canals	10,000	18,315	18,315	
Contract Maintenance	24,000	24,000	24,000	
ADT Services	1,750	1,580	1,580	
Website Management	1,500	1,500	1,500	
Total Expenditures	$	390,917	$	441,071	$	426,337	
				
FY 2017/2018 Excess Of Revenues Over Expenditures	$	863,670	$	838,489	$	853,223	
				
Bond Payments	$	(811,850)	(820,832)	$	(820,832)	
				
Balance	$	51,820	$	17,657	$	32,391	
				
County Appraiser & Tax Collector Fee	(17,273)	(9,981)	(9,981)	
Discounts For Early Payments	(34,547)	(34,547)	(34,547)	
				
EXCESS/ (SHORTFALL)	$	-	$	(26,871)	$	(12,137)	
				
Capital Outlay	0	40,000	29,639	
				
NET EXCESS/ (SHORTFALL)	$	-	$	(66,871)	$	(41,776)	

Fund Balance As Of 9/30/2017	
FY 2017/2018 Activity	
Projected Fund Balance As Of 9/30/2018	

$80,015	
($26,871)	
$53,144	

Notes
Fund Balance Includes FP&L Security Deposits ($17,320) Capital Fund Bank Balance As Of 9/30/18: $371,066  Fund Balance Does Not Include Capital Fund Balance

BEELINE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2017/2018 OCTOBER 1, 2017 - SEPTEMBER 30, 2018

REVENUES	FISCAL YEAR 2017/2018 BUDGET
10/1/17 - 9/30/18	AMENDED FINAL BUDGET
10/1/17 - 9/30/18	YEAR TO DATE ACTUAL
10/1/17 - 9/29/18	
Interest Income	150	8,035	8,035	
Debt Assessments	811,850	820,832	820,832	
Bond Refunding Proceeds	0	8,200,000	8,200,000	
Transfer From Escrow Account	0	9,009,675	9,009,675	
Transfer From 2008 Debt Service		1,656,362	1,656,362	
Total Revenues	$	812,000	$	19,694,904	$	19,694,904	
				
EXPENDITURES				
Principal Payments (2008)	210,000	8,705,000	8,705,000	
Principal Payments (2018)	0	185,000	185,000	
Interest Payments (2008)	602,000	609,350	609,350	
Interest Payments (2018)	0	54,667	54,667	
Cost Of Issuance (2018)	0	313,205	313,205	
Transfer To 2018 Debt Service	0	1,656,362	1,656,362	
Transfer To 2008 Debt Service	0	8,988,045	8,988,045	
Total Expenditures	$	812,000	$	20,511,629	$	20,511,629	

FY 2017/2018 Excess Of Revenues Over Expenditures	$	-	$	(816,725)	$	(816,725)	

Fund Balance As Of 9/30/2017	
FY 2017/2018 Activity	
Projected Fund Balance As Of 9/30/2018	

$1,135,434	
($816,725)	
$318,709	

Notes
Reserve Fund Balance = $152,341*. Revenue & Interest Fund Balances = $163,178*. Revenue Fund Balance Used To Make 11/1/2018 Interest Payment Of $160,300.
* Approximate Amounts

Series 2018 Bond Refunding Information		
Original Par Amount =	$8,200,000	Annual Principal Payments Due:	
Interest Rate =	4.00%	May 1st	
Issue Date =	March 2018	Annual Interest Payments Due:	
Maturity Date =	May 2037	May 1st & November 1st	
Par Amount As Of 9/30/18 =	$8,015,000