Proposed Budget
Fiscal Year 2022

Beacon Tradeport Community Development District

May 6, 2021

Beacon Tradeport
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1-2
Budget Narrative	Page 3-5
Reserve Schedule	Page 6

Debt Service Funds

Series 2012 Budget	Page 7
Amortization Schedule	Page 8

Series 2014 Budget	Page 9
Amortization Schedule	Page 10

Series 2017 Budget	Page 11
Amortization Schedule	Page 12

Beacon Tradeport		
Community Development District										General Fund	

 Description			Adopted Budget
 	FY 2021			Actual Thru
 	3/31/21			Projected Next
 	6 Months			Total Projected
 	9/30/21			Proposed Budget
 	FY 2022		
Revenues											
Special Assessments-On Roll		$137,664		$133,565		$4,099		$137,664		$137,664	
Special Assessments-Off Roll		$160,000		$160,000		$0		$160,000		$160,000	
Impact feees		$0		$348,721		$0		$348,721		$0	
Easement proceeds		$0		$136,811		$0		$136,811		$0	
Interest Income		$750		$231		$1,250		$1,481		$750	
Undesignated Fund Balance		$0		$0		$0		$0		$246,438	
 TOTAL REVENUES			 	$298,414  		 	$779,328  		 	$5,349  		 	$784,677  		 	$544,852  	
Expenditures											
Administrative
Engineering		
$50,000		
$20,133		
$25,000		
$45,133		
$50,000	
Arbitrage		$1,800		$1,800		$0		$1,800		$1,800	
Attorney		$30,000		$12,060		$15,000		$27,060		$30,000	
Annual Audit		$6,600		$6,600		$0		$6,600		$6,700	
Trustee Fees		$24,750		$13,436		$12,375		$25,811		$24,750	
Management Fees		$52,334		$26,167		$26,167		$52,334		$53,904	
Computer Time		$1,000		$500		$500		$1,000		$1,000	
Telephone		$250		$0		$125		$125		$250	
Postage		$425		$280		$213		$493		$500	
Printing & Binding		$750		$101		$375		$476		$750	
Rentals & Leases		$2,400		$1,200		$1,200		$2,400		$2,400	
Insurance		$8,262		$7,917		$0		$7,917		$8,709	
Legal Advertising		$500		$797		$250		$1,047		$1,200	
Other Current Charges		$500		$105		$250		$355		$500	
Real Estate Taxes		$3,500		$3,304		$0		$3,304		$3,500	
Office Supplies		$250		$0		$125		$125		$250	
Dues, Licenses & Subscriptions		$175		$175		$0		$175		$175	
Website Design/Maintenance		$3,000		$1,500		$1,500		$3,000		$3,000	
Holiday Lighting		$59,657		$29,870		$29,870		$59,740		$59,657	
 TOTAL ADMINISTRATIVE			 	$246,152  		 	$125,945  		 	$112,949  		 	$238,894  		 	$249,044  	

Beacon Tradeport											
Community Development District										General Fund	

 Description			Adopted Budget
 	FY 2021			Actual Thru
 	3/31/21			Projected Next
 	6 Months			Total Projected
 	9/30/21			Proposed Budget
 	FY 2022		
Drainage System
Lake Maintenance		
$15,000		
$3,269		
$7,500		
$10,769		
$15,000	
Storm Drain Cleaning		$150,000		$0		$150,000		$150,000		$150,000	
Mosquito Control		$102,000		$51,000		$51,000		$102,000		$102,000	
Contingencies		$5,000		$0		$5,000		$5,000		$5,000	
 TOTAL DRAINAGE SYSTEM			 	$272,000  		 	$54,269  		 	$213,500  		 	$267,769  		 	$272,000  	
Irrigation System
Electric		
$19,618		
$4,796		
$9,809		
$14,605		
$15,000	
Repairs and Maintenance		$3,500		$0		$3,500		$3,500		$3,500	
Landscape Improvements		$3,471		$0		$3,471		$3,471		$3,471	
Contingencies		$5,000		$5,000		$0		$5,000		$5,000	
Capital Outlay		$5,000		$4,750		$250		$5,000		$5,000	
 TOTAL IRRIGATION SYSTEM			 	$36,588  		 	$14,546  		 	$17,029  		 	$31,575  		 	$31,971  	
 TOTAL EXPENDITURES			 	$554,741  		 	$194,760  		 	$343,479  		 	$538,239  		 	$553,014  	
Other Sources and Uses											
Interfund Transfer		$256,327		$0		$0		$0		$8,163	
 TOTAL OTHER SOURCES AND USES			 	$256,327  		 	$0  		 	$0  		 	$0  		 	$8,163  	
 UNASSIGNED FUND BALANCE			 	$0  		 	$584,568  		 	($338,130) 		 	$246,438  		 	$0  	

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
PROPOSED GENERAL FUND BUDGET FISCAL YEAR 2022
REVENUES:

Special Assessments
The District will levy a non ad-valorem special assessment on all taxable property within the District to fund all of the General Operating Expenditures for the fiscal year.

Interest Income
The District will have all excess funds invested with the State Board of Administration. The amount is based upon the estimated average balance of funds available during the fiscal year.
EXPENDITURES:
Administrative:

Engineering Fees
The District's engineer will be providing general engineering services to the District including attendance and preparation for board meetings, etc.

Arbitrage
The District is required to annually have an arbitrage rebate calculation on the District's Series 2012A and 2014A Special Assessment Revenue Bonds. Currently the District has contracted Grau & Associates, an independent certified public accounting firm, to calculate the rebate liability and submit a report to the District.

Dissemination Agent
The District is required by the Security and Exchange Commission to comply with Rule 15(c)(2)- 12(b)(5), which relates to additional reporting requirements for un-rated bond issues.

Attorney
The District's legal counsel will be providing general legal services to the District, i.e., attendance and preparation for monthly meetings, review operating and maintenance contracts, etc.

Annual Audit
The District is required annually to conduct an audit of its financial records by an Independent Certified Public Accounting Firm.

Trustee Fees
The District issued Series 2012A, 2014A, and Series 2017A Special Assessment Revenue Bonds which are held with a Trustee at US Bank. The amount of the trustee fees is based on the agreement between US Bank and the District.

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
PROPOSED GENERAL FUND BUDGET FISCAL YEAR 2022

Management Fees
The District receives Management, Accounting and Administrative services as part of a Management Agreement with Governmental Management Services-South Florida. These services are further outlined in Exhibit "A" of the Management Agreement.

Computer Time
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a mainframe computer leased by Governmental Management Services-South Florida.

Telephone
Telephone and fax machine.
Postage
Mailing of agenda packages, overnight deliveries, correspondence, etc.
Printing & Binding
Printing and Binding agenda packages for board meetings, printing of computerized checks, stationary, envelopes etc.

Insurance
The District's General Liability & Public Officials Liability Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.

Legal Advertising
The District is required to advertise various notices for monthly Board meetings, public hearings, etc. in a newspaper of general circulation.

Other Current Charges
Bank charges and any other miscellaneous expenses that are incurred during the year.

Property Taxes
Property Taxes for property owned by the District.
Office Supplies
Miscellaneous office supplies.
Dues, Licenses & Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity for $175. This is the only expense under this category for the District.

Capital Outlay
Represents any minor capital expenditures the District may need to make during the Fiscal Year such as a file cabinet for District files.

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
PROPOSED GENERAL FUND BUDGET FISCAL YEAR 2022

Web Design / Maintenance
The District has contracted with Governmental Management Services-South Florida for the supervision and maintenance of Beacon Tradeport Community Development District’s website.

Holiday Lighting
The District has contracted with CDI Enterprises to provide the holiday lighting throughout the District. The amount budgeted is the contracted amount for the 2019 Holiday Season.

Contingencies
Unanticipated expenses that may occur during the fiscal year.

Drainage System:

Lake Maintenance
Monthly water management services to all the lakes throughout the District.

Storm Drain Cleaning
Annual Storm Drain Cleaning for all Storm Drains throughout the District.

Mosquito Control
Monthly truck mount adulticide service for mosquito control to 348 acres.

Contingencies
Unanticipated expenses that may occur during the fiscal year to the Storm Drains.

Irrigation System:

Electric
The cost of electricity for Beacon Tradeport CDD for the irrigation pumps.

Repairs and Maintenance
Unscheduled repairs and maintenance to the District’s Irrigation System.

Insurance
The District's Property Insurance policy is with Florida Insurance Alliance (FIA). FIA specializes in providing insurance coverage to governmental agencies.
Contingencies
Unanticipated expenses that may occur during the fiscal year to the Irrigation System.

Capital Outlay
Represents any minor capital expenditures the District may need to make during the Fiscal Year.

Maintenance Reserves

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
PROPOSED GENERAL FUND BUDGET FISCAL YEAR 2022

 Description	Total Required
Reserves	Amount
Reserved (Y/E 22)	

Paving Outer Ring Roads	

$171,930.00	

$0.00	
Paving Industrial Roads	$150,000.00	$150,000.00	
Undesignated Industrial Reserves	$0.00	$250,000.00	
Total Maintenance Reserves	$321,930.00	$400,000.00	

Beacon Tradeport	Debt Service Fund
Community Development District	Series 2012 Special Assessment Refunding Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Proposed
Budget	
 Description			 	FY 2021			 	3/31/21			 	6 Months			 	9/30/21			 	FY 2022		
Revenues
Special Assessments - Levy		
$1,269,020		
$1,229,279		
$39,741		
$1,269,020		
$1,269,020	
Interest Income		$0		$32		$16		$48		$0	
Carry Forward Surplus (1)		$447,870		$447,821		$0		$447,821		$459,247	
     TOTAL REVENUES			 	$1,716,890  		 	$1,677,132  		 	$39,757  		 	$1,716,889  		 	$1,728,267  	
Expenditures
Series 2012 Interest - 11/01		

$101,321		

$101,321		

$0		

$101,321		

$82,216	
Interest - 05/01		$101,321		$0		$101,321		$101,321		$82,216	
Principal - 05/01		$1,055,000		$0		$1,055,000		$1,055,000		$1,085,000	
     TOTAL EXPENDITURES			 	$1,257,642  		 	$101,321  		 	$1,156,321  		 	$1,257,642  		 	$1,249,431  	
     EXCESS REVENUES			 	$459,248  		 	$1,575,811  		 	($1,116,564) 		 	$459,247  		 	$478,836  	

11/22 Interest  	
2012A	$	62,567  

(1) Carry forward surplus is net of the reserve requirement

Beacon Tradeport	Amortization Schedule
Community Development District	2012 Special Assessment Refunding Bonds

 	YEAR		 	BALANCE		 	RATE		 	PRINCIPAL		 	INTEREST		 	ANNUAL TOTAL	

05/01/21	$ 5,595,000.00	3.62%	$1,055,000.00		$101,320.75		
11/01/21	$ 4,540,000.00	3.62%	$	-		$ 82,215.59		$	1,238,536.34	
05/01/22	$ 4,540,000.00	3.62%	$1,085,000.00		$ 82,215.59			
11/01/22	$ 3,455,000.00	3.62%	$	-		$ 62,567.15		$	1,229,782.73	
05/01/23	$ 3,455,000.00	3.62%	$1,120,000.00		$ 62,567.15			
11/01/23	$ 2,335,000.00	3.62%	$	-		$ 42,284.89		$	1,224,852.04	
05/01/24	$ 2,335,000.00	3.62%	$1,150,000.00		$ 42,284.89			
11/01/24	$ 1,185,000.00	3.62%	$	-		$ 21,459.35		$	1,213,744.24	
05/01/25	$ 1,185,000.00	3.62%	$1,185,000.00		$ 21,459.35		$	1,206,459.35	
 	Totals				   $5,595,000.00  		   $518,374.71  		   $	6,113,374.71  	

Beacon Tradeport	Debt Service Fund
Community Development District	Series 2014 Special Assessment Refunding Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Proposed
Budget	
 Description			 	FY 2021			 	3/31/21			 	6 Months			 	9/30/21			 	FY 2022		
Revenues
Special Assessments - Levy		
$5,039,475		
$5,139,564		
$0		
$5,139,564		
$5,039,475	
Interest Income		$2,580		$1,555		$1,290		$2,845		$2,580	
Carry Forward Surplus (1)		$911,179		$935,651		$0		$935,651		$874,216	
     TOTAL REVENUES			 	$5,953,234  		 	$6,076,770  		 	$1,290  		 	$6,078,060  		 	$5,916,271  	
Expenditures
Series 2014 Interest - 11/01		

$682,486		

$682,486		

$0		

$682,486		

$615,906	
Interest - 05/01		$671,358		$0		$671,358		$671,358		$605,864	
Principal - 05/01		$3,850,000		$0		$3,850,000		$3,850,000		$4,090,000	
     TOTAL EXPENDITURES			 	$5,203,844  		 	$682,486  		 	$4,521,358  		 	$5,203,844  		 	$5,311,770  	
Other Financing Sources/(Uses)											
 Interfund Transfer In / (Out)			 	$0  		 	$0  		 	$0  		 	$0  		 	($8,163) 	
 TOTAL OTHER SOURCES AND USES		 	$0  		 	$0  		 	$0  		 	$0  		 	($8,163) 	
     EXCESS REVENUES			 	$749,390  		 	$5,394,284  		 	($4,520,068) 		 	$874,216  		 	$596,338  	

11/22 Interest  	
2014A	$	545,176  

(1) Carry forward surplus is net of the reserve requirement

Beacon Tradeport	Amortization Schedule
Community Development District	2014 Special Assessment Refunding Bonds

 	YEAR		 	BALANCE		 	RATE		 	PRINCIPAL		 	INTEREST		 	ANNUAL TOTAL	

05/01/21	$39,465,000.00	3.3835%	$ 3,850,000.00	$ 671,358.30	$	-	
11/01/21	$35,615,000.00	3.3835%	$	-	$ 615,906.02	$	5,137,264.32	
05/01/22	$35,615,000.00	3.3835%	$ 4,090,000.00	$ 605,864.08	$	-	
11/01/22	$31,525,000.00	3.3835%	$	-	$ 545,175.84	$	5,241,039.91	
05/01/23	$31,525,000.00	3.3835%	$ 4,340,000.00	$ 536,287.10	$	-	
11/01/23	$27,185,000.00	3.3835%	$	-	$ 470,122.29	$	5,346,409.39	
05/01/24	$27,185,000.00	3.3835%	$ 4,595,000.00	$ 465,012.26	$	-	
11/01/24	$22,590,000.00	3.3835%	$	-	$ 390,658.91	$	5,450,671.17	
05/01/25	$22,590,000.00	3.3835%	$ 4,870,000.00	$ 384,289.47	$	-	
11/01/25	$17,720,000.00	3.3835%	$	-	$ 306,439.84	$	5,560,729.31	
05/01/26	$17,720,000.00	3.3835%	$ 5,150,000.00	$ 301,443.53	$	-	
11/01/26	$12,570,000.00	3.3835%	$	-	$ 217,378.60	$	5,668,822.13	
05/01/27	$12,570,000.00	3.3835%	$ 5,445,000.00	$ 213,834.38	$	-	
11/01/27	$ 7,125,000.00	3.3835%	$	-	$ 123,215.79	$	5,782,050.17	
05/01/28	$ 7,125,000.00	3.3835%	$ 5,755,000.00	$ 121,876.49	$	-	
11/01/28	$ 1,370,000.00	3.3835%	$	-	$	23,692.02	$	5,900,568.51	
05/01/29	$ 1,370,000.00	3.3835%	$ 1,370,000.00	$	23,305.74	$	1,393,305.74	
 	Totals			   $39,465,000.00  		   $6,015,860.65  		   $	45,480,860.65  	

Beacon Tradeport	Debt Service Fund
Community Development District	Series 2017 Special Assessment Bonds

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Proposed
Budget	
 Description			 	FY 2021			 	3/31/21			 	6 Months			 	9/30/21			 	FY 2022		
Revenues
Special Assessments - Levy		
$321,199		
$314,890		
$6,309		
$321,199		
$321,199	
Interest Income		$0		$4		$4		$8		$0	
Carry Forward Surplus (1)		$114,918		$114,894		$0		$114,894		$116,533	
     TOTAL REVENUES			 	$436,117  		 	$429,788  		 	$6,313  		 	$436,101  		 	$437,733  	
Expenditures
Series 2014 Interest - 11/01		

$84,784		

$84,784		

$0		

$84,784		

$82,196	
Interest - 05/01		$84,784		$0		$84,784		$84,784		$82,196	
Principal - 05/01		$150,000		$0		$150,000		$150,000		$155,000	
     TOTAL EXPENDITURES			 	$319,568  		 	$84,784  		 	$234,784  		 	$319,568  		 	$319,393  	
     EXCESS REVENUES			 	$116,549  		 	$345,004  		 	($228,471) 		 	$116,533  		 	$118,340  	

11/22 Interest  	
2017A	$	79,523  

(1) Carry forward surplus is net of the reserve requirement

Beacon Tradeport	Amortization Schedule
Community Development District	2017 Special Assessment Bonds

 	YEAR		 	BALANCE		 	RATE		 	PRINCIPAL		 	INTEREST		ANNUAL TOTAL 

05/01/21
11/01/21
05/01/22
11/01/22
05/01/23
11/01/23
05/01/24
11/01/24
05/01/25
11/01/25
05/01/26
11/01/26
05/01/27
11/01/27
05/01/28
11/01/28
05/01/29
11/01/29
05/01/30
11/01/30
05/01/31
11/01/31
05/01/32
11/01/32
05/01/33
11/01/33
05/01/34
11/01/34
05/01/35
11/01/35
05/01/36
11/01/36
05/01/37
11/01/37
05/01/38
11/01/38
05/01/39

$4,915,000.00
$4,765,000.00
$4,765,000.00
$4,610,000.00
$4,610,000.00
$4,445,000.00
$4,445,000.00
$4,275,000.00
$4,275,000.00
$4,100,000.00
$4,100,000.00
$3,920,000.00
$3,920,000.00
$3,735,000.00
$3,735,000.00
$3,540,000.00
$3,540,000.00
$3,340,000.00
$3,340,000.00
$3,135,000.00
$3,135,000.00
$2,920,000.00
$2,920,000.00
$2,700,000.00
$2,700,000.00
$2,470,000.00
$2,470,000.00
$2,230,000.00
$2,230,000.00
$1,985,000.00
$1,985,000.00
$1,730,000.00
$1,730,000.00
$1,465,000.00
$1,465,000.00
$1,190,000.00
$1,190,000.00

3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%

$ 150,000.00

$	84,783.75	$	-	
$	82,196.25	$	316,980.00	
$	82,196.25	$	-	
$	79,522.50	$	316,718.75	
$	79,522.50	$	-	
$	76,676.25	$	321,198.75	
$	76,676.25	$	-	
$	73,743.75	$	320,420.00	
$	73,743.75	$	-	
$	70,725.00	$	319,468.75	
$	70,725.00	$	-	
$	67,620.00	$	318,345.00	
$	67,620.00	$	-	
$	64,428.75	$	317,048.75	
$	64,428.75	$	-	
$	61,065.00	$	320,493.75	
$	61,065.00	$	-	
$	57,615.00	$	318,680.00	
$	57,615.00	$	-	
$	54,078.75	$	316,693.75	
$	54,078.75	$	-	
$	50,370.00	$	319,448.75	
$	50,370.00	$	-	
$	46,575.00	$	316,945.00	
$	46,575.00	$	-	
$	42,607.50	$	319,182.50	
$	42,607.50	$	-	
$	38,467.50	$	321,075.00	
$	38,467.50	$	-	
$	34,241.25	$	317,708.75	
$	34,241.25	$	-	
$	29,842.50	$	319,083.75	
$	29,842.50	$	-	
$	25,271.25	$	320,113.75	
$	25,271.25	$	-	
$	20,527.50	$	320,798.75	
$	20,527.50	$	-	
$	15,697.50	$	316,225.00	
$	15,697.50	$	-	
$	10,695.00	$	316,392.50	
$	10,695.00	$	-	
$	5,433.75	$	321,128.75	
$	5,433.75	$	320,433.75	

$	-
$ 155,000.00
$	-
$ 165,000.00
$	-
$ 170,000.00
$	-
$ 175,000.00
$	-
$ 180,000.00
$	-
$ 185,000.00
$	-
$ 195,000.00
$	-
$ 200,000.00
$	-
$ 205,000.00
$	-
$ 215,000.00
$	-
$ 220,000.00
$	-
$ 230,000.00
$	-
$ 240,000.00
$	-
$ 245,000.00
$	-
$ 255,000.00
$	-
$ 265,000.00
$	-
$ 275,000.00
$	-
$ 280,000.00

11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42

$ 910,000.00
$ 910,000.00
$ 620,000.00
$ 620,000.00
$ 315,000.00
$ 315,000.00

3.45%
3.45%
3.45%
3.45%
3.45%
3.45%

$	-
$ 290,000.00
$	-
$ 305,000.00
$	-
$ 315,000.00

 	 	 	

 	Totals	

   $4,915,000.00  

   $2,099,583.75  

  $ 7,014,583.75