Beeline
Community Development District

Amended Final Budget For Fiscal Year 2019/2020
October 1, 2019 - September 30, 2020

CONTENTS

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

BEELINE COMMUNITY DEVELOPMENT DISTRICT OPERATING FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET 10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR  TO DATE ACTUAL
10/1/19 - 9/29/20	
O & M Assessments	297,291	323,049	323,049	
Debt Assessments	643,406	643,537	643,537	
Other Revenues	79,000	82,757	82,206	
Other Revenues - Capital	0	100,000	73,000	
Interest Income	24	0	0	
Total Income	$	1,019,721	$	1,149,343	$	1,121,792	
				
EXPENDITURES				
Supervisor Fees	8,000	5,400	5,400	
Payroll Taxes - Employer	640	413	413	
Fire Protection Maintenance	1,000	6,313	6,313	
Signage Maintenance	1,000	0	0	
Surface Water Maintenance	7,500	5,985	5,985	
Engineering/Inspections	18,000	15,000	13,096	
Management - General	48,168	48,168	48,168	
Management - Signage	696	696	696	
Management - Surface Water	16,836	16,836	16,836	
Secretarial	4,200	4,200	4,200	
Legal	22,000	13,765	13,765	
Assessment Roll	5,000	5,000	5,000	
Audit Fees	7,400	4,800	4,800	
Arbitrage Rebate Calculation Fee	650	650	650	
Telephone	3,100	5,206	5,206	
Insurance	9,000	7,275	7,275	
Legal Advertising	1,400	1,500	1,021	
Miscellaneous Expense	3,300	3,300	2,613	
Postage/Office Supplies	2,000	1,035	1,004	
Dues & Subscriptions	175	175	175	
Trustee Fee	3,500	3,500	3,500	
Continuing Disclosure Fee	1,000	0	0	
Legal - Greenberg Traurig (Reimbursed By Landowners)	2,000	8,500	7,949	
Property Taxes (Reimbursed By Landowners)	70,000	74,258	74,258	
Contingency - Repairs & Maintenance	10,000	10,000	8,579	
Contingency - Repairs & Maintenance - Control Structure Repairs	0	15,900	15,900	
Maintenance - Lakes & Canals	14,000	25,070	25,070	
Management Fee - Bishop	69,000	87,000	87,000	
Bishop - Insurance	7,000	7,168	7,168	
Electricity	12,000	9,469	9,469	
Contract Maintenance	24,000	24,000	24,000	
ADT Services	1,750	1,750	1,464	
Security Services	0	1,172	1,172	
Capital Outlay - FPS Phase II	0	129,055	29,055	
Website Management	2,000	2,000	2,000	
Total Expenditures	$	376,315	$	544,559	$	439,200	
				
FY 2019/2020 Excess Of Revenues Over Expenditures	$	643,406	$	604,784	$	682,592	
				
Bond Payments	(604,800)	(611,493)	$	(611,493)	
				
Balance	$	38,606	$	(6,709)	$	71,099	
				
County Appraiser & Tax Collector Fee	(12,869)	(7,447)	(7,447)	
Discounts For Early Payments	(25,737)	(25,736)	(25,736)	
				
EXCESS/ (SHORTFALL)	$	-	$	(39,892)	$	37,916	

Fund Balance As Of 9/30/2019	
FY 2019/2020 Activity	
Projected Fund Balance As Of 9/30/2020	

$127,723	
($39,892)	
$87,831	

Notes
Amended Budget For Capital Outlay - FPS Phase II Is For The Estimated Cost Of Project Fund Balance Includes FP&L Security Deposits ($17,320)
Capital Fund Bank Balance As Of 9/30/20: $10,290

I

BEELINE COMMUNITY DEVELOPMENT DISTRICT DEBT SERVICE FUND
FISCAL YEAR 2019/2020 OCTOBER 1, 2019 - SEPTEMBER 30, 2020

REVENUES	FISCAL YEAR 2019/2020 BUDGET
10/1/19 - 9/30/20	AMENDED FINAL BUDGET
10/1/19 - 9/30/20	YEAR TO DATE ACTUAL
10/1/19 - 9/29/20	
Interest Income	500	3,028	3,028	
Debt Assessments	604,800	611,493	611,493	
Total Revenues	$	605,300	$	614,521	$	614,521	
				
EXPENDITURES				
Principal Payments	300,000	300,000	300,000	
Interest Payments	303,000	309,000	309,000	
Bond Redemption	2,300	0	0	
Total Expenditures	$	605,300	$	609,000	$	609,000	
				
FY 2019/2020 Excess Of Revenues Over Expenditures	$	-	$	5,521	$	5,521	

Fund Balance As Of 9/30/2019	
FY 2019/2020 Activity	
Projected Fund Balance As Of 9/30/2020	

$327,085	
$5,521	
$332,606	

Notes
Reserve Fund Balance = $154,032*. Revenue Fund Balance = $178,574*. Revenue Fund Balance Used To Make 11/1/2020 Interest Payment Of $148,500.
* 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 9/30/20 =	$7,425,000		

II