Beeline
Community Development District

Proposed Budget For Fiscal Year 2021/2022
October 1, 2021 - September 30, 2022

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BEELINE BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET IV	ASSESSMENT RECAP
BISHOP ASSESSMENT RECAP

DEBT ASSESSMENT RECAP -
SERIES 2018 METHODOLOGY - TABLE 1

PROPOSED BUDGET
BEELINE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2021/2022 BUDGET	
O & M Assessments	317,027	
Debt Assessments	643,406	
Other Revenues	4,000	
Interest Income	0	
		
TOTAL REVENUES	$	964,433	
		
EXPENDITURES		
Supervisor Fees	8,000	
Payroll Taxes - Employer	640	
Fire Protection Maintenance	0	
Signage Maintenance	1,000	
Surface Water Maintenance	7,500	
Engineering/Inspections	16,000	
Management - General	48,840	
Management - Signage	708	
Management - Surface Water	17,064	
Secretarial	4,200	
Legal	21,000	
Assessment Roll	5,000	
Audit Fees	5,000	
Arbitrage Rebate Calculation Fee	650	
Telephone	5,600	
Insurance	8,500	
Legal Advertising	1,400	
Miscellaneous Expense	3,300	
Postage/Office Supplies	1,700	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Continuing Disclosure Fee	1,000	
Legal - Greenberg Traurig (Reimbursed By Landowners)	4,000	
Property Taxes (Reimbursed By Landowners)	0	
Contingency - Repairs & Maintenance	15,000	
Maintenance - Lakes & Canals	25,000	
Management Fee - Bishop	69,000	
Bishop - Insurance	7,500	
Electricity	12,000	
Contract Maintenance	24,000	
Security Services	1,750	
Website Management	2,000	
		
TOTAL EXPENDITURES	$	321,027	
		
EXCESS/ (SHORTFALL)	$	643,406	
		
Bond Payments	$	(604,800)	
		
BALANCE	$	38,606	
		
County Appraiser & Tax Collector Fee	(12,869)	
Discounts For Early Payments	(25,737)	
		
NET EXCESS/ (SHORTFALL)	$	-	

DETAILED PROPOSED BUDGET
BEELINE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	
O & M Assessments	323,049	301,315	317,027	Expenditures Less Interest & Reimbursements	
Debt Assessments	643,537	643,406	643,406	Payment To Trustee/.94	
Other Revenues	82,206	82,500	4,000	Landowner Reimbursements	
Interest Income	0	0	0		
					
TOTAL REVENUES	$	1,048,792	$	1,027,221	$	964,433		
					
EXPENDITURES					
Supervisor Fees	5,400	8,000	8,000	No Change From 2020/2021 Budget	
Payroll Taxes - Employer	413	640	640	8% Of Supervisor Fees	
Fire Protection Maintenance	6,313	1,000	0	Fire Protection Eliminated	
Signage Maintenance	0	1,000	1,000	No Change From 2020/2021 Budget	
Surface Water Maintenance	5,985	7,500	7,500	No Change From 2020/2021 Budget	
Engineering/Inspections	13,096	17,000	16,000	FY 20/21 Expenditure Through January 2021 Was $1,800	
Management - General	48,168	48,168	48,840	CPI Adjustment	
Management - Signage	696	696	708	CPI Adjustment	
Management - Surface Water	16,836	16,836	17,064	CPI Adjustment	
Secretarial	4,200	4,200	4,200	No Change From 2020/2021 Budget	
Legal	13,765	22,000	21,000	FY 20/21 Expenditure Through February 2021 Was $4,735	
Assessment Roll	5,000	5,000	5,000	No Change From 2020/2021 Budget	
Audit Fees	4,800	4,900	5,000	Accepted Amount For 2020/2021 Audit	
Arbitrage Rebate Calculation Fee	650	650	650	No Change From 2020/2021 Budget	
Telephone	5,206	5,300	5,600	$300 Increase From 2020/2021 Budget	
Insurance	7,275	8,500	8,500	Insurance Estimate	
Legal Advertising	1,021	1,400	1,400	No Change From 2020/2021 Budget	
Miscellaneous Expense	2,613	3,300	3,300	No Change From 2020/2021 Budget	
Postage/Office Supplies	1,004	1,800	1,700	$100 Decrease From 2020/2021 Budget	
Dues & Subscriptions	175	175	175	No Change From 2020/2021 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2020/2021 Budget	
Continuing Disclosure Fee	0	1,000	1,000	No Change From 2020/2021 Budget	

Legal - Greenberg Traurig (Reimbursed By Landowners)	7,949	2,000	4,000	Legal - Greenberg Traurig (Reimbursed By Landowners)	
Property Taxes (Reimbursed By Landowners)	74,258	73,000	0	District No Longer Owns Building	
Contingency - Repairs & Maintenance	24,479	10,000	15,000	$5,000 Increase From 2020/2021 Budget	
Maintenance - Lakes & Canals	25,070	20,000	25,000	$5,000 Increase From 2020/2021 Budget	
Management Fee - Bishop	87,000	69,000	69,000	$5,750.00 Per Month - Fire Protection Eliminated	
Bishop - Insurance	7,168	7,500	7,500	Bishop - Insurance	
Electricity	9,469	12,000	12,000	No Change From 2020/2021 Budget	
Contract Maintenance	24,000	24,000	24,000	$2,000 Per Month	
Security Services	2,636	1,750	1,750	No Change From 2020/2021 Budget	
Website Management	2,000	2,000	2,000	No Change From 2020/2021 Budget	
					
TOTAL EXPENDITURES	$	410,145	$	383,815	$	321,027		
					
EXCESS/ (SHORTFALL)	$	638,647	$	643,406	$	643,406		
					
Bond Payments	$	(611,493)	$	(604,800)	$	(604,800)	2022 P & I Payments Less Earned Interest	
					
BALANCE	$	27,154	$	38,606	$	38,606		
					
County Appraiser & Tax Collector Fee	(3,542)	(12,869)	(12,869)	Two Percent Of Total Assessment Roll	
Discounts For Early Payments	(25,736)	(25,737)	(25,737)	Four Percent Of Total Assessment Roll	
					
NET EXCESS/ (SHORTFALL)	$	(2,124)	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
BEELINE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2021/2022
OCTOBER 1, 2021 - SEPTEMBER 30, 2022

REVENUES	FISCAL YEAR 2019/2020 ACTUAL	FISCAL YEAR 2020/2021 BUDGET	FISCAL YEAR 2021/2022 BUDGET	

COMMENTS	

Interest Income	
3,028	
500	
25	
Projected Interest For 2021/2022	

Debt Assessments	
611,493	
604,800	
604,800	
Yearly Maximum Debt Assessment	

Total Revenues	
$	614,521	
$	605,300	
$	604,825		

EXPENDITURES					

Principal Payments	
300,000	
310,000	
325,000	
Principal Payment Due On 5-1-2022	

Interest Payments	
309,000	
290,800	
278,100	
Interest Payments Due In 2022	

Bond Redemption	
0	
4,500	
1,725	
Estimated Excess Debt Collections	

Total Expenditures	
$	609,000	
$	605,300	
$	604,825		

Excess/(Shortfall)	
$	5,521	
$	-	
$	-		

Series 2018 Bond Refunding Information
Original Par Amount =	$8,200,000	Annual Principal Payments Due =	May 1st	
Interest Rate =	4.00%	Annual Interest Payments Due =	May 1st & November 1st	
Issue Date =	March 2018			
Maturity Date =

Par Amount As Of 1/1/21 =	May 2037

$7,425,000			

Beeline Community Development District Fiscal Year 2021/2022 Assessments

FY 2021/2022 Beeline Assessments

	Pratt Whitney (UTC)	Congress Ave. Properties	FPL	Total Assessment	
Total O & M Assessment	282,213.35	23,210.50	11,603.15	317,027.00	
Debt Assessment	422,610.00	182,881.00	37,915.00	643,406.00	
Total Assessment	704,823.35	206,091.50	49,518.15	960,433.00	

Notes: Debt Assessments On Tax Roll; O & M Assessment Direct Billed.

O & M Assessment

For All Items Except Fire Protection & Management Fee - Bishop	
Percentages (Based On Acreage)			FY 2021/2022 Assessment		
Pratt Whitney (UTC)	94.00%		Pratt Whitney (UTC)	233,145.35	
Congress Ave. Properties	4.00%		Congress Ave. Properties	9,921.10	
FPL	2.00%		FPL	4,960.55	
Total	100.00%		Total	248,027.00	

For Fire Protection	
Percentages (Based On Acreage)			FY 2021/2022 Assessment		
Pratt Whitney (UTC)	0.00%		Pratt Whitney (UTC)	0.00	
Congress Ave. Properties	66.67%		Congress Ave. Properties	0.00	
FPL	33.33%		FPL	0.00	
Total	100.00%		Total	0.00	

For Management Fee - Bishop (See page V)	
Total FY 2021/2022 Management Fee - Bishop Assessment	
Pratt Whitney (UTC)	49,068.00		
Congress Ave. Properties	13,289.40		
FPL	6,642.60		
Total	69,000.00		

Total FY 2021/2022 O & M Assessment		
Pratt Whitney (UTC)	282,213.35		
Congress Ave. Properties	23,210.50		
FPL	11,603.15		
Total	317,027.00		

Debt Assessment

Total FY 2021/2022 Debt Assessment		
Pratt Whitney (UTC)	$422,610.00		
Congress Ave. Properties	$182,881.00		
FPL	$37,915.00		
Total	$643,406.00		

Beeline Community Development District Bishop Assessment Recap

Scope A - Public Water ($0 Per Month)		

Pratt Whitney (UTC)	
$0.00	

Scope B - Drinking Water $0 Per Month)		

Pratt Whitney (UTC)	
$0.00	

Scope C - Deep Well ($1,500 Per Month)		

Pratt Whitney (UTC)	
$0.00	

Scope D - Storm Water ($2,250 Per Month)		

Pratt Whitney (94%)	
$2,115.00	

Congress (4%)	
$90.00	

FPL (2%)	
$45.00	

Total	
$2,250.00	

Scope E - Fire Protection ($0 Per Month)		

Pratt Whitney (0%)	
$0.00	

Congress (100%)	
$0.00	
FPL (0%)	$0.00	

Total	
$0.00	

Monthly Management Fee - Bishop Assessment	

Pratt Whitney	
$	4,089.00	

Congress	
$	1,107.45	
FPL	$	553.55	

Grand Total - Monthly	
$	5,750.00	

Scopes A - E ($3,750 Per Month)		

Pratt Whitney (UTC)	
$2,115.00	

Congress	
$90.00	

FPL	
$45.00	

Total	
2,250.00	

		

Fixed Fee Percentages		

Pratt Whitney	
56.40%	

Congress	
29.07%	

FPL	
14.53%	

Total	
100.00%	

Fixed Fee Amount ($3,500 Per Month)	

Pratt Whitney	
$	1,974.00	

Congress	
$	1,017.45	
FPL	$	508.55	

Total	
$	3,500.00	

Annual Management Fee - Bishop Assessment	

Pratt Whitney	
$	49,068.00	

Congress	
$	13,289.40	
FPL	$	6,642.60	

Grand Total - Annual	
$	69,000.00	

V

Beeline Community Development District Debt Assessment Recap -
2018 Methodology - Table 1

Table 1 – Assessment Rates

Product	Assessable Acres	Series 2018 Total Maximum Annual Assessment Per Landowner*	Series 2018 Bond Debt Allocation Per Landowner	
United Technologies Corp. (Pratt Whitney)	901.61	$422,610	$5,420,081	
Congress Ave.
Prop.	42.73	$182,881	$2,305,507	
FPL	15.27	$37,915	$474,412	
Totals	959.61	$643,406	$8,200,000	
* Grossed up to include a 4% discount for early payment of taxes and adjusted to include a 1% collection fee of the County Tax Collector and a 1% service fee of the County Property Appraiser.

VI