Beeline
Community Development District

Proposed Budget For Fiscal Year 2024/2025
October 1, 2024 - September 30, 2025

CONTENTS

PROPOSED BUDGET

DETAILED PROPOSED BUDGET

DETAILED PROPOSED DEBT SERVICE FUND BUDGET

ASSESSMENT RECAP

DEBT ASSESSMENT RECAP -
SERIES 2018 METHODOLOGY - TABLE 1

PROPOSED BUDGET
BEELINE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2024/2025 BUDGET	
O & M Assessments	312,779	
Debt Assessments	643,406	
Other Revenues	0	
Interest Income	0	
		
TOTAL REVENUES	$	956,185	
		
EXPENDITURES		
Supervisor Fees	7,000	
Payroll Taxes - Employer	560	
Fire Protection Maintenance	0	
Signage Maintenance	1,000	
Surface Water Maintenance	7,500	
Engineering/Inspections	13,000	
Engineering - Extraordinary	0	
Management - General	53,364	
Management - Signage	744	
Management - Surface Water	18,636	
Secretarial	4,200	
Legal	19,000	
Assessment Roll	5,000	
Audit Fees	5,300	
Arbitrage Rebate Calculation Fee	650	
Insurance	8,500	
Legal Advertising	1,500	
Miscellaneous Expense	3,200	
Postage/Office Supplies	1,400	
Dues & Subscriptions	175	
Trustee Fee	3,500	
Legal - Greenberg Traurig (Reimbursed By Landowners)	0	
Contingency - Repairs & Maintenance	15,000	
Maintenance - Lakes & Canals	25,000	
Management Fee - Bishop	69,000	
Bishop - Insurance	9,800	
Electricity	8,500	
Contract Maintenance	27,000	
Security Services	2,250	
Website Management	2,000	
		
TOTAL EXPENDITURES	$	312,779	
		
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 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023
ACTUAL	FISCAL YEAR 2023/2024
BUDGET	FISCAL YEAR 2024/2025
BUDGET	

COMMENTS	
O & M Assessments	310,410	311,959	312,779	Expenditures Less Interest & Reimbursements	
Debt Assessments	643,741	643,406	643,406	Payment To Trustee/.94	
Other Revenues	45,000	3,000	0		
Interest Income	0	0	0		
					
TOTAL REVENUES	$	999,151	$	958,365	$	956,185		
					
EXPENDITURES					
Supervisor Fees	3,200	8,000	7,000	Supervisor Fees	
Payroll Taxes - Employer	245	640	560	8% Of Supervisor Fees	
Fire Protection Maintenance	0	0	0	Fire Protection Eliminated	
Signage Maintenance	0	1,000	1,000	No Change From 2023/2024 Budget	
Surface Water Maintenance	5,985	7,500	7,500	No Change From 2023/2024 Budget	
Engineering/Inspections	7,793	14,000	13,000	FY 23/24 Expenditure Through March 2024 Was $2,016	
Engineering - Extraordinary	40,000	0	0	FY 2022/2023 Expenditure	
Management - General	50,304	51,816	53,364	CPI Adjustment (Capped At 3%)	
Management - Signage	720	732	744	CPI Adjustment (Capped At 3%)	
Management - Surface Water	17,568	18,096	18,636	CPI Adjustment (Capped At 3%)	
Secretarial	4,200	4,200	4,200	No Change From 2023/2024 Budget	
Legal	8,988	19,000	19,000	FY 23/24 Expenditure Through March 2024 Was $8,968	
Assessment Roll	5,000	5,000	5,000	No Change From 2023/2024 Budget	
Audit Fees	5,100	5,200	5,300	$100 Increase From 2023/2024 Budget	
Arbitrage Rebate Calculation Fee	650	650	650	No Change From 2023/2024 Budget	
Insurance	6,952	8,500	8,500	Insurance Estimate	
Legal Advertising	1,056	1,500	1,500	No Change From 2023/2024 Budget	
Miscellaneous Expense	1,178	3,300	3,200	$100 Decrease From 2023/2024 Budget	
Postage/Office Supplies	580	1,500	1,400	$100 Decrease From 2023/2024 Budget	
Dues & Subscriptions	175	175	175	No Change From 2023/2024 Budget	
Trustee Fee	3,500	3,500	3,500	No Change From 2023/2024 Budget	
Legal - Greenberg Traurig (Reimbursed By Landowners)	0	3,000	0	Legal - Greenberg Traurig (Reimbursed By Landowners)	
Contingency - Repairs & Maintenance	7,510	15,000	15,000	No Change From 2023/2024 Budget	
Maintenance - Lakes & Canals	24,420	25,000	25,000	No Change From 2023/2024 Budget	
Management Fee - Bishop	69,000	69,000	69,000	$5,750.00 Per Month	
Bishop - Insurance	9,303	9,400	9,800	Insurance Estimate	
Electricity	7,435	8,500	8,500	No Change From 2023/2024 Budget	
Contract Maintenance	27,000	27,000	27,000	$2,250 Per Month	
Security Services	2,298	1,750	2,250	$500 Increase From 2023/2024 Budget	
Website Management	2,000	2,000	2,000	No Change From 2023/2024 Budget	
					
TOTAL EXPENDITURES	$	312,160	$	314,959	$	312,779		
					
EXCESS/ (SHORTFALL)	$	686,991	$	643,406	$	643,406		
					
Bond Payments	$	(611,493)	$	(604,800)	$	(604,800)	2025 Principal & Interest Payments	
					
BALANCE	$	75,498	$	38,606	$	38,606		
					
County Appraiser & Tax Collector Fee	(7,447)	(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)	$	42,315	$	-	$	-		

DETAILED PROPOSED DEBT SERVICE BUDGET
BEELINE COMMUNITY DEVELOPMENT DISTRICT FISCAL YEAR 2024/2025
OCTOBER 1, 2024 - SEPTEMBER 30, 2025

REVENUES	FISCAL YEAR 2022/2023 ACTUAL	FISCAL YEAR 2023/2024 BUDGET	FISCAL YEAR 2024/2025 BUDGET	

COMMENTS	

Interest Income	
16,610	
100	
500	
Projected Interest For 2024/2025	

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

Total Revenues	
$	628,103	
$	604,900	
$	605,300		

EXPENDITURES					

Principal Payments	
335,000	
350,000	
365,000	
Principal Payment Due On 5-1-2025	

Interest Payments	
271,600	
251,200	
236,900	
Interest Payments Due In 2025	

Bond Redemption	
0	
3,700	
3,400	
Estimated Excess Debt Collections	

Total Expenditures	
$	606,600	
$	604,900	
$	605,300		

Excess/(Shortfall)	
$	21,503	
$	-	
$	-		

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 1/1/24 =	May 2037

$6,455,000			

Beeline Community Development District Fiscal Year 2024/2025 Assessments

FY 2024/2025 Beeline Assessments

	Pratt Whitney (UTC)	Congress Ave. Properties	FPL	Total Assessment	
Total O & M Assessment	293,887.15	13,918.67	4,973.19	312,779.00	
Debt Assessment	422,610.00	182,881.00	37,915.00	643,406.00	
Total Assessment	716,497.15	196,799.67	42,888.19	956,185.00	

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

O & M Assessment

Percentages (Based On Acreage)			FY 2024/2025 Assessment		
Pratt Whitney (UTC)	93.96%		Pratt Whitney (UTC)	293,887.15	
Congress Ave. Properties	4.45%		Congress Ave. Properties	13,918.67	
FPL	1.59%		FPL	4,973.19	
Total	100.00%		Total	312,779.00	

Debt Assessment

Total FY 2024/2025 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 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.