Beeline
Community Development District

Amended Final Budget For Fiscal Year 2018/2019
October 1, 2018 - September 30, 2019

CONTENTS

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

BEELINE COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR  TO DATE ACTUAL
10/1/18 - 9/29/19	
O & M Assessments (Includes Utility Assessments)	308,551	229,551	229,551	
Utility Fee Revenue	0	93,966	93,966	
Debt Assessments	643,406	643,523	643,523	
Other Revenues	80,000	69,401	69,401	
Other Revenues - Capital - Funding Agreement	0	160,000	160,000	
Interest Income	120	0	0	
Total Income	$	1,032,077	$	1,196,441	$	1,196,441	
				
EXPENDITURES				
Supervisor Fees	9,000	5,800	5,800	
Payroll Taxes - Payroll	720	444	444	
Fire Protection Maintenance	1,000	5,100	4,088	
Signage Maintenance	1,000	0	0	
Surface Water Maintenance	7,500	5,985	5,985	
Engineering/Inspections	20,000	16,000	12,064	
Management - General	47,268	47,268	47,268	
Management - Fire Protection	4,000	4,000	4,000	
Management - Signage	684	684	684	
Management - Surface Water	16,524	16,524	16,524	
Secretarial	4,200	4,200	4,200	
Legal	22,000	14,000	10,869	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	7,300	7,100	7,100	
Arbitrage Rebate Calculation Fee	650	650	650	
Telephone	2,900	3,959	3,959	
Insurance	9,000	6,987	6,987	
Legal Advertising	1,300	1,600	1,252	
Miscellaneous	3,500	3,500	3,026	
Postage & Office Supplies	2,200	1,050	1,031	
Dues & Subscriptions	175	175	175	
Trustee Fees	3,500	3,500	3,500	
Continuing Disclosure Fee	1,000	1,000	1,000	
Legal - Greenberg Traurig (Reimbursed By Landowner)	3,000	0	0	
Property Taxes (Reimbursed By Landowner)	70,000	69,401	69,401	
Contingency - Repairs & Maintenance	10,000	5,000	1,764	
Management Fee - Bishop	79,000	86,714	86,714	
Management Fee - Bishop - Insurance	7,000	7,252	7,252	
Electricity	10,000	10,310	10,310	
Maintenance Lake & Canals	12,000	23,000	21,320	
Contract Maintenance	24,000	24,000	24,000	
ADT Services	1,750	1,750	1,344	
Website Management	1,500	1,500	1,500	
Capital Outlay - FPS Phase II	0	525,000	332,296	
Total Expenditures	$	388,671	$	908,453	$	701,507	
				
FY 2018/2019 Excess Of Revenues Over Expenditures	$	643,406	$	287,988	$	494,934	
				
Bond Payments	(604,800)	(611,493)	$	(611,493)	
				
Balance	$	38,606	$	(323,505)	$	(116,559)	
				
County Appraiser & Tax Collector Fee	(12,869)	(7,447)	(7,447)	
Discounts For Early Payments	(25,737)	(25,736)	(25,736)	
				
EXCESS/ (SHORTFALL)	$	-	$	(356,688)	$	(149,742)	

Fund Balance As Of 9/30/2018	
FY 2018/2019 Activity	
Projected Fund Balance As Of 9/30/2019	

$436,595	
($356,688)	
$79,907	

Notes
Fund Balance Includes FP&L Security Deposits ($17,320) Capital Fund Bank Balance As Of 9/30/19: $125,289

I

BEELINE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2018/2019 OCTOBER 1, 2018 - SEPTEMBER 30, 2019

REVENUES	FISCAL YEAR 2018/2019 BUDGET 10/1/18 - 9/30/19	AMENDED FINAL BUDGET
10/1/18 - 9/30/19	YEAR TO DATE ACTUAL
10/1/18 - 9/29/19	
Interest Income	500	7,000	6,958	
Debt Assessments	604,800	611,493	611,493	
Total Revenues	$	605,300	$	618,493	$	618,451	
				
EXPENDITURES				
Principal Payments (2018)	290,000	290,000	290,000	
Interest Payments (2018)	314,800	320,600	320,600	
Bond Redemption	500	0	0	
Total Expenditures	$	605,300	$	610,600	$	610,600	
				
FY 2018/2019 Excess Of Revenues Over Expenditures	$	-	$	7,893	$	7,851	

Fund Balance As Of 9/30/2018	
FY 2018/2019 Activity	
Projected Fund Balance As Of 9/30/2019	

$318,710	
$7,893	
$326,603	

Notes
Reserve Fund Balance = $152,556*. Revenue & Interest Fund Balances = $174,047*. Revenue Fund Balance Used To Make 11/1/2019 Interest Payment Of $154,500.
* 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 9/30/19 =	$7,725,000		

II