Beeline
Community Development District

Proposed Budget For Fiscal Year 2023/2024
October 1, 2023 - September 30, 2024

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT RECAP

BISHOP ASSESSMENT RECAP

DEBT ASSESSMENT RECAP -
SERIES 2018 METHODOLOGY - TABLE 1

PROPOSED BUDGET
BEELINE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2023/2024 BUDGET	
O & M Assessments	311,959	
Debt Assessments	643,406	
Other Revenues	3,000	
Interest Income	0	
		
TOTAL REVENUES	$	958,365	
		
EXPENDITURES		
Supervisor Fees	8,000	
Payroll Taxes - Employer	640	
Fire Protection Maintenance	0	
Signage Maintenance	1,000	
Surface Water Maintenance	7,500	
Engineering/Inspections	14,000	
Management - General	51,816	
Management - Signage	732	
Management - Surface Water	18,096	
Secretarial	4,200	
Legal	19,000	
Assessment Roll	5,000	
Audit Fees	5,200	
Arbitrage Rebate Calculation Fee	650	
Insurance	8,500	
Legal Advertising	1,500	
Miscellaneous Expense	3,300	
Postage/Office Supplies	1,500	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Continuing Disclosure Fee	0	
Legal - Greenberg Traurig (Reimbursed By Landowners)	3,000	
Contingency - Repairs & Maintenance	15,000	
Maintenance - Lakes & Canals	25,000	
Management Fee - Bishop	69,000	
Bishop - Insurance	9,400	
Electricity	8,500	
Contract Maintenance	27,000	
Security Services	1,750	
Website Management	2,000	
		
TOTAL EXPENDITURES	$	314,959	
		
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 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2021/2022
ACTUAL	FISCAL YEAR 2022/2023
BUDGET	FISCAL YEAR 2023/2024
BUDGET	

COMMENTS	
O & M Assessments	245,351	309,107	311,959	Expenditures Less Interest & Reimbursements	
Debt Assessments	643,446	643,406	643,406	Payment To Trustee/.94	
Other Revenues	671	4,000	3,000		
Interest Income	0	0	0		
					
TOTAL REVENUES	$	889,468	$	956,513	$	958,365		
					
EXPENDITURES					
Supervisor Fees	6,200	8,000	8,000	No Change From 2022/2023 Budget	
Payroll Taxes - Employer	474	640	640	8% Of Supervisor Fees	
Fire Protection Maintenance	0	0	0	Fire Protection Eliminated	
Signage Maintenance	0	1,000	1,000	No Change From 2022/2023 Budget	
Surface Water Maintenance	5,985	7,500	7,500	No Change From 2022/2023 Budget	
Engineering/Inspections	8,432	15,000	14,000	FY 22/23 Expenditure Through March 2023 Was $2,790	
Management - General	48,840	50,304	51,816	CPI Adjustment (Capped At 3%)	
Management - Signage	708	720	732	CPI Adjustment (Capped At 3%)	
Management - Surface Water	17,064	17,568	18,096	CPI Adjustment (Capped At 3%)	
Secretarial	4,200	4,200	4,200	No Change From 2022/2023 Budget	
Legal	8,565	20,000	19,000	FY 22/23 Expenditure Through March 2023 Was $3,622	
Assessment Roll	5,000	5,000	5,000	No Change From 2022/2023 Budget	
Audit Fees	5,000	5,100	5,200	Accepted Amount For 2022/2023 Audit	
Arbitrage Rebate Calculation Fee	650	650	650	No Change From 2022/2023 Budget	
Insurance	5,975	8,500	8,500	Insurance Estimate	
Legal Advertising	654	1,600	1,500	$100 Decrease From 2022/2023 Budget	
Miscellaneous Expense	666	3,300	3,300	No Change From 2022/2023 Budget	
Postage/Office Supplies	625	1,600	1,500	$100 Decrease From 2022/2023 Budget	
Dues & Subscriptions	175	175	175	No Change From 2022/2023 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2022/2023 Budget	
Continuing Disclosure Fee	0	1,000	0	Prager No Longer Charges Fee	

Legal - Greenberg Traurig (Reimbursed By Landowners)	465	4,000	3,000	Legal - Greenberg Traurig (Reimbursed By Landowners)	
Contingency - Repairs & Maintenance	9,721	15,000	15,000	No Change From 2022/2023 Budget	
Maintenance - Lakes & Canals	24,420	25,000	25,000	No Change From 2022/2023 Budget	
Management Fee - Bishop	69,000	69,000	69,000	$5,750.00 Per Month	
Bishop - Insurance	8,141	8,000	9,400	FY 22/23 Expenditure Was $9,303	
Electricity	5,165	9,000	8,500	FY 22/23 Expenditure Through March 2023 Was $3,411	
Contract Maintenance	25,000	24,000	27,000	$2,250 Per Month	
Security Services	898	1,750	1,750	No Change From 2022/2023 Budget	
Website Management	2,000	2,000	2,000	No Change From 2022/2023 Budget	
					
TOTAL EXPENDITURES	$	267,523	$	313,107	$	314,959		
					
EXCESS/ (SHORTFALL)	$	621,945	$	643,406	$	643,406		
					
Bond Payments	$	(611,493)	$	(604,800)	$	(604,800)	2024 Principal & Interest Payments	
					
BALANCE	$	10,452	$	38,606	$	38,606		
					
County Appraiser & Tax Collector Fee	(3,851)	(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)	$	(19,135)	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
BEELINE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2023/2024
OCTOBER 1, 2023 - SEPTEMBER 30, 2024

REVENUES	FISCAL YEAR 2021/2022 ACTUAL	FISCAL YEAR 2022/2023 BUDGET	FISCAL YEAR 2023/2024 BUDGET	

COMMENTS	

Interest Income	
1,231	
25	
100	
Projected Interest For 2023/2024	

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

Total Revenues	
$	612,724	
$	604,825	
$	604,900		

EXPENDITURES					

Principal Payments	
325,000	
335,000	
350,000	
Principal Payment Due On 5-1-2024	

Interest Payments	
284,600	
264,900	
251,200	
Interest Payments Due In 2024	

Bond Redemption	
0	
4,925	
3,700	
Estimated Excess Debt Collections	

Total Expenditures	
$	609,600	
$	604,825	
$	604,900		

Excess/(Shortfall)	
$	3,124	
$	-	
$	-		

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 1/1/23 =	May 2037

$6,790,000			

Beeline Community Development District Fiscal Year 2023/2024 Assessments

FY 2023/2024 Beeline Assessments

	Pratt Whitney (UTC)	Congress Ave. Properties	FPL	Total Assessment	
Total O & M Assessment	280,922.86	22,978.36	8,057.78	311,959.00	
Debt Assessment	422,610.00	182,881.00	37,915.00	643,406.00	
Total Assessment	703,532.86	205,859.36	45,972.78	955,365.00	

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 2023/2024 Assessment		
Pratt Whitney (UTC)	94.00%		Pratt Whitney (UTC)	228,381.46	
Congress Ave. Properties	4.00%		Congress Ave. Properties	9,718.36	
FPL	2.00%		FPL	4,859.18	
Total	100.00%		Total	242,959.00	

For Management Fee - Bishop (See page V)	
Total FY 2023/2024 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 2023/2024 O & M Assessment		
Pratt Whitney (UTC)	280,922.86		
Congress Ave. Properties	22,978.36		
FPL	8,057.78		
Total	311,959.00		

Debt Assessment

Total FY 2023/2024 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