Beeline
Community Development District

Proposed Budget For Fiscal Year 2022/2023
October 1, 2022 - September 30, 2023

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED 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 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2022/2023 BUDGET	
O & M Assessments	309,107	
Debt Assessments	643,406	
Other Revenues	4,000	
Interest Income	0	
		
TOTAL REVENUES	$	956,513	
		
EXPENDITURES		
Supervisor Fees	8,000	
Payroll Taxes - Employer	640	
Fire Protection Maintenance	0	
Signage Maintenance	1,000	
Surface Water Maintenance	7,500	
Engineering/Inspections	15,000	
Management - General	50,304	
Management - Signage	720	
Management - Surface Water	17,568	
Secretarial	4,200	
Legal	20,000	
Assessment Roll	5,000	
Audit Fees	5,100	
Arbitrage Rebate Calculation Fee	650	
Telephone	0	
Insurance	8,500	
Legal Advertising	1,600	
Miscellaneous Expense	3,300	
Postage/Office Supplies	1,600	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Continuing Disclosure Fee	1,000	
Legal - Greenberg Traurig (Reimbursed By Landowners)	4,000	
Contingency - Repairs & Maintenance	15,000	
Maintenance - Lakes & Canals	25,000	
Management Fee - Bishop	69,000	
Bishop - Insurance	8,000	
Electricity	9,000	
Contract Maintenance	24,000	
Security Services	1,750	
Website Management	2,000	
		
TOTAL EXPENDITURES	$	313,107	
		
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 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021
ACTUAL	FISCAL YEAR 2021/2022
BUDGET	FISCAL YEAR 2022/2023
BUDGET	

COMMENTS	
O & M Assessments	323,899	317,027	309,107	Expenditures Less Interest & Reimbursements	
Debt Assessments	643,445	643,406	643,406	Payment To Trustee/.94	
Other Revenues	22,348	4,000	4,000		
Interest Income	0	0	0		
					
TOTAL REVENUES	$	989,692	$	964,433	$	956,513		
					
EXPENDITURES					
Supervisor Fees	5,800	8,000	8,000	No Change From 2021/2022 Budget	
Payroll Taxes - Employer	444	640	640	8% Of Supervisor Fees	
Fire Protection Maintenance	9,352	0	0	Fire Protection Eliminated	
Signage Maintenance	0	1,000	1,000	No Change From 2021/2022 Budget	
Surface Water Maintenance	5,985	7,500	7,500	No Change From 2021/2022 Budget	
Engineering/Inspections	9,563	16,000	15,000	FY 21/22 Expenditure Through January 2022 Was $2,237	
Management - General	48,168	48,840	50,304	CPI Adjustment (Capped At 3%)	
Management - Signage	696	708	720	CPI Adjustment (Capped At 3%)	
Management - Surface Water	16,836	17,064	17,568	CPI Adjustment (Capped At 3%)	
Secretarial	4,200	4,200	4,200	No Change From 2021/2022 Budget	
Legal	9,783	21,000	20,000	FY 21/22 Expenditure Through February 2022 Was $4,355	
Assessment Roll	5,000	5,000	5,000	No Change From 2021/2022 Budget	
Audit Fees	4,900	5,000	5,100	Accepted Amount For 2021/2022 Audit	
Arbitrage Rebate Calculation Fee	650	650	650	No Change From 2021/2022 Budget	
Telephone	5,376	5,600	0	Service Discontinued In July 2021	
Insurance	7,698	8,500	8,500	Insurance Estimate	
Legal Advertising	1,968	1,400	1,600	$200 Increase From 2021/2022 Budget	
Miscellaneous Expense	2,621	3,300	3,300	No Change From 2021/2022 Budget	
Postage/Office Supplies	472	1,700	1,600	$100 Decrease From 2021/2022 Budget	
Dues & Subscriptions	175	175	175	No Change From 2021/2022 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2021/2022 Budget	
Continuing Disclosure Fee	0	1,000	1,000	No Change From 2021/2022 Budget	

Legal - Greenberg Traurig (Reimbursed By Landowners)	1,565	4,000	4,000	Legal - Greenberg Traurig (Reimbursed By Landowners)	
Contingency - Repairs & Maintenance	14,984	15,000	15,000	No Change From 2021/2022 Budget	
Maintenance - Lakes & Canals	24,420	25,000	25,000	No Change From 2021/2022 Budget	
Management Fee - Bishop	82,500	69,000	69,000	$5,750.00 Per Month - Fire Protection Eliminated	
Bishop - Insurance	7,584	7,500	8,000	Bishop - Insurance	
Electricity	9,654	12,000	9,000	FY 21/22 Expenditure Through February 2022 Was $2,198	
Contract Maintenance	24,000	24,000	24,000	$2,000 Per Month	
Security Services	1,602	1,750	1,750	No Change From 2021/2022 Budget	
Website Management	2,000	2,000	2,000	No Change From 2021/2022 Budget	
					
TOTAL EXPENDITURES	$	311,496	$	321,027	$	313,107		
					
EXCESS/ (SHORTFALL)	$	678,196	$	643,406	$	643,406		
					
Bond Payments	$	(611,493)	$	(604,800)	$	(604,800)	2022 P & I Payments Less Earned Interest	
					
BALANCE	$	66,703	$	38,606	$	38,606		
					
County Appraiser & Tax Collector Fee	(4,192)	(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)	$	36,775	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
BEELINE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2022/2023
OCTOBER 1, 2022 - SEPTEMBER 30, 2023

REVENUES	FISCAL YEAR 2020/2021 ACTUAL	FISCAL YEAR 2021/2022 BUDGET	FISCAL YEAR 2022/2023 BUDGET	

COMMENTS	

Interest Income	
39	
25	
25	
Projected Interest For 2022/2023	

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

Total Revenues	
$	611,532	
$	604,825	
$	604,825		

EXPENDITURES					

Principal Payments	
310,000	
325,000	
335,000	
Principal Payment Due On 5-1-2023	

Interest Payments	
297,000	
278,100	
264,900	
Interest Payments Due In 2023	

Bond Redemption	
0	
1,725	
4,925	
Estimated Excess Debt Collections	

Total Expenditures	
$	607,000	
$	604,825	
$	604,825		

Excess/(Shortfall)	
$	4,532	
$	-	
$	-		

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 1/1/22 =	May 2037

$7,115,000			

Beeline Community Development District Fiscal Year 2022/2023 Assessments

FY 2022/2023 Beeline Assessments

	Pratt Whitney (UTC)	Congress Ave. Properties	FPL	Total Assessment	
Total O & M Assessment	278,241.98	22,864.28	8,000.74	309,107.00	
Debt Assessment	422,610.00	182,881.00	37,915.00	643,406.00	
Total Assessment	700,851.98	205,745.28	45,915.74	952,513.00	

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

O & M Assessment

For All Items Management Fee - Bishop	
Percentages (Based On Acreage)			FY 2022/2023 Assessment		
Pratt Whitney (UTC)	94.00%		Pratt Whitney (UTC)	225,700.58	
Congress Ave. Properties	4.00%		Congress Ave. Properties	9,604.28	
FPL	2.00%		FPL	4,802.14	
Total	100.00%		Total	240,107.00	

For Management Fee - Bishop (See page V)	
Total FY 2022/2023 Management Fee - Bishop Assessment	
Pratt Whitney (UTC)	52,541.40		
Congress Ave. Properties	13,260.00		
FPL	3,198.60		
Total	69,000.00		

Total FY 2022/2023 O & M Assessment		
Pratt Whitney (UTC)	278,241.98		
Congress Ave. Properties	22,864.28		
FPL	8,000.74		
Total	309,107.00		

Debt Assessment

Total FY 2022/2023 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	
$	4,378.45	

Congress	
$	1,105.00	
FPL	$	266.55	

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	

		

Project Administration Percentages	

Pratt Whitney	
64.67%	

Congress	
29.00%	

FPL	
6.33%	

Total	
100.00%	

Project Administration Amount ($3,500 Per Month)	

Pratt Whitney	
$	2,263.45	

Congress	
$	1,015.00	
FPL	$	221.55	

Total	
$	3,500.00	

Annual Management Fee - Bishop Assessment	

Pratt Whitney	
$	52,541.40	

Congress	
$	13,260.00	
FPL	$	3,198.60	

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