Adopted Budget
Fiscal Year 2021

Beacon Tradeport Community Development District

August 27, 2020

Beacon Tradeport
Community Development District

TABLE OF CONTENTS

General Fund
Budget
Budget Narrative Reserve Schedule

Page 1-2
Page 3-5
Page 6

Debt Service Funds

Series 2012 Budget Amortization Schedule

Page 7
Page 8

Series 2014 Budget Amortization Schedule

Page 9
Page 10

Series 2017 Budget Amortization Schedule

Page 11
Page 12

Beacon Tradeport
Community Development District

General Fund

Adopted Budget
 	FY 2020	

Actual Thru
 	7/31/20	

Projected Next
 	2 Months	

Total Projected
 	9/30/20	

Adopted Budget
 	FY 2021	

 Description	

Revenues

Special Assessments-On Roll Special Assessments-Off Roll Interest Income
FEMA Revenue Undesignated Fund Balance

$137,664
$160,000
$750
$0
$0

$138,460
$160,000
$3,957
$1,744
$0

$0
$0
$1,250
$0
$0

$138,460
$160,000
$5,207
$1,744
$0

$137,664
$160,000
$750
$0
$0

 TOTAL REVENUES	

 	$298,414 

 	$304,161 

 	$1,250 

 	$305,411 

 	$298,414 

Expenditures

Administrative Engineering Arbitrage Attorney Annual Audit Trustee Fees
Management Fees Computer Time Telephone Postage
Printing & Binding Rentals & Leases Insurance
Legal Advertising Other Current Charges Real Estate Taxes Office Supplies
Dues, Licenses & Subscriptions Website Design/Maintenance Holiday Lighting

$50,000
$1,800
$30,000
$6,500
$24,500
$52,334
$1,000
$250
$425
$1,250
$2,400
$8,058
$500
$500
$3,500
$250
$175
$3,000
$59,657

$24,568
$600
$11,108
$6,500
$24,617
$43,612
$833
$6
$209
$284
$2,000
$7,511
$130
$2,519
$6,215
$54
$175
$2,500
$59,657

$4,914
$1,200
$2,222
$0
$0
$8,722
$167
$1
$42
$57
$400
$0
$250
$504
$0
$11
$0
$500
$0

$29,481
$1,800
$13,329
$6,500
$24,617
$52,334
$1,000
$8
$251
$341
$2,400
$7,511
$380
$3,023
$6,215
$65
$175
$3,000
$59,657

$50,000
$1,800
$30,000
$6,600
$24,750
$52,334
$1,000
$250
$425
$750
$2,400
$8,262
$500
$500
$3,500
$250
$175
$3,000
$59,657

 TOTAL ADMINISTRATIVE	

 	$246,098 

 	$193,097 

 	$18,989 

 	$212,086 

 	$246,152 

Page 1

Beacon Tradeport
Community Development District

General Fund

Adopted Budget
 	FY 2020	

Actual Thru
 	7/31/20	

Projected Next
 	2 Months	

Total Projected
 	9/30/20	

Adopted Budget
 	FY 2021	

 Description	

Drainage System Lake Maintenance Storm Drain Cleaning Mosquito Control Contingencies

$15,000
$150,000
$102,000
$5,000

$5,448
$107,859
$85,000
$0

$1,090
$0
$17,000
$0

$6,538
$107,859
$102,000
$0

$15,000
$150,000
$102,000
$5,000

 TOTAL DRAINAGE SYSTEM	

 	$272,000 

 	$198,307 

 	$18,090 

 	$216,397 

 	$272,000 

Irrigation System
Electric
Repairs and Maintenance Landscape Improvements Contingencies
Capital Outlay

$19,618
$3,500
$3,471
$5,000
$5,000

$7,006
$1,126
$0
$0
$0

$1,401
$225
$3,471
$5,000
$5,000

$8,407
$1,351
$3,471
$5,000
$5,000

$19,618
$3,500
$3,471
$5,000
$5,000

 TOTAL IRRIGATION SYSTEM	

 	$36,588 

 	$8,132 

 	$15,097 

 	$23,229 

 	$36,588 

Maintenance Reserves
Storm Drains
Paving Industrial Roads

$0
$0

$0
$0

$0
$0

$0
$0

$0
$0

 TOTAL MAINTENANCE RESERVES	

 	$0 

 	$0 

 	$0 

 	$0 

 	$0 

 TOTAL  EXPENDITURES	

 	$554,687 

 	$399,536 

 	$52,175 

 	$451,711 

 	$554,741 

Other Sources and Uses

Interfund Transfer

$256,273

$0

$146,300

$146,300

$256,327

 TOTAL OTHER SOURCES AND USES	

 	$256,273 

 	$0 

 	$146,300 

 	$146,300 

 	$256,327 

 UNASSIGNED FUND BALANCE	

 	$0 

 	($95,375) 

 	$95,375 

 	$0 

 	$0 

Page 2

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2021

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.

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.
Page 3

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2021

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.
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.

Page 4

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2021

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.

Page 5

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2021

Maintenance Reserves

Page 6

 Description	Total Required		Amount Reserves	Reserved (Y/E 21)

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
Community Development District

Debt Service Fund
Series 2012 Special Assessment Refunding Bonds

Adopted Budget
 	FY 2020	

Actual Thru
 	7/31/20	

Projected Next
 	2 Months	

Total Projected
 	9/30/20	

Adopted Budget
 	FY 2021	

 Description	

Revenues
Special Assessments - Levy Interest Income
Carry Forward Surplus (1)

$1,269,020
$0
$441,728

$1,276,227
$1,021
$430,182

$0
$25
$0

$1,276,227
$1,046
$430,182

$1,269,020
$0
$447,870

 	$1,710,748 

 	$1,707,430 

 	$25 

 	$1,707,455 

 	$1,716,890 

     TOTAL REVENUES	

Expenditures
Series 2012 Interest - 11/01 Interest - 05/01 Principal - 05/01

$98,564
$98,564
$1,020,000

$119,792
$119,792
$1,020,000

$0
$0
$0

$119,792
$119,792
$1,020,000

$101,321
$101,321
$1,055,000

 	$1,217,127 

 	$1,259,584 

 	$0 

 	$1,259,584 

 	$1,257,642 

     TOTAL EXPENDITURES	

 	$493,621 

 	$447,845 

 	$25 

 	$447,870 

 	$459,249 

     EXCESS  REVENUES	

11/21 Interest  	

2012A

  $	82,216 

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

Page 7

Beacon Tradeport
Community Development District

Amortization Schedule
2012 Special Assessment Refunding Bonds

 	YEAR	

 	BALANCE	

 	RATE	

 	PRINCIPAL	

 	INTEREST	

 	ANNUAL TOTAL	

05/01/20
11/01/20
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

$
$
$
$
$
$
$
$
$
$
$

6,615,000.00
5,595,000.00
5,595,000.00
4,540,000.00
4,540,000.00
3,455,000.00
3,455,000.00
2,335,000.00
2,335,000.00
1,185,000.00
1,185,000.00

3.62%
3.62%
3.62%
3.62%
3.62%
3.62%
3.62%
3.62%
3.62%
3.62%
3.62%

$1,020,000.00

$119,792.09
$101,320.75
$101,320.75

$

-

$

1,241,112.84

$1,055,000.00

$

-

$
$
$
$
$
$
$
$

82,215.59
82,215.59
62,567.15
62,567.15
42,284.89
42,284.89
21,459.35
21,459.35

$

1,238,536.34

$1,085,000.00

$

-

$

1,229,782.73

$1,120,000.00

$

-

$

1,224,852.04

$1,150,000.00

$

-

$
$

1,213,744.24
1,206,459.35

$1,185,000.00

 	Totals	

   $6,615,000.00 

   $739,487.55 

  $	7,354,487.55 

Page 8

Beacon Tradeport
Community Development District

Debt Service Fund
Series 2014 Special Assessment Refunding Bonds

Adopted Budget
 	FY 2020	

Actual Thru
 	7/31/20	

Projected Next
 	2 Months	

Total Projected
 	9/30/20	

Adopted Budget
 	FY 2021	

 Description	

Revenues
Special Assessments - Levy Interest Income
Carry Forward Surplus (1)

$5,039,475
$2,580
$952,024

$5,045,061
$51,312
$916,784

$0
$100
$0

$5,045,061
$51,412
$916,784

$5,039,475
$2,580
$911,179

 	$5,994,079 

 	$6,013,156 

 	$100 

 	$6,013,256 

 	$5,953,234 

     TOTAL REVENUES	

Expenditures
Series 2014 Interest - 11/01 Interest - 05/01 Principal - 05/01

$745,088
$736,989
$3,620,000

$745,088
$736,989
$3,620,000

$0
$0
$0

$745,088
$736,989
$3,620,000

$682,486
$671,358
$3,850,000

 	$5,102,077 

 	$5,102,077 

 	$0 

 	$5,102,077 

 	$5,203,844 

     TOTAL EXPENDITURES	

 	$892,002 

 	$911,079 

 	$100 

 	$911,179 

 	$749,390 

     EXCESS  REVENUES	

11/21 Interest  	

2014A

  $	615,906 

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

Page 9

Beacon Tradeport
Community Development District

Amortization Schedule
2014 Special Assessment Refunding Bonds

 	YEAR	

 	BALANCE	

 	RATE	

 	PRINCIPAL	

 	INTEREST	

 	ANNUAL TOTAL	

05/01/20
11/01/20
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

$43,085,000.00
$39,465,000.00
$39,465,000.00
$35,615,000.00
$35,615,000.00
$31,525,000.00
$31,525,000.00
$27,185,000.00
$27,185,000.00
$22,590,000.00
$22,590,000.00
$17,720,000.00
$17,720,000.00
$12,570,000.00
$12,570,000.00
$ 7,125,000.00
$ 7,125,000.00
$ 1,370,000.00
$ 1,370,000.00

3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%
3.3835%

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

3,620,000.00
- 3,850,000.00
- 4,090,000.00
- 4,340,000.00
- 4,595,000.00
- 4,870,000.00
- 5,150,000.00
- 5,445,000.00
- 5,755,000.00
- 1,370,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

736,989.27
682,485.79
671,358.30
615,906.02
605,864.08
545,175.84
536,287.10
470,122.29
465,012.26
390,658.91
384,289.47
306,439.84
301,443.53
217,378.60
213,834.38
123,215.79
121,876.49
23,692.02
23,305.74

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 5,039,475.06
- 5,137,264.32
- 5,241,039.91
- 5,346,409.39
- 5,450,671.17
- 5,560,729.31
- 5,668,822.13
- 5,782,050.17
- 5,900,568.51
1,393,305.74

 	Totals	

   $43,085,000.00 

   $7,435,335.71 

  $	50,520,335.71 

Page 10

Beacon Tradeport
Community Development District

Debt Service Fund
Series  2017 Special Assessment Bonds

Adopted Budget
 	FY 2020	

Actual Thru
 	7/31/20	

Projected Next
 	2 Months	

Total Projected
 	9/30/20	

Adopted Budget
 	FY 2021	

 Description	

Revenues
Special Assessments - Levy Interest Income
Carry Forward Surplus (1)

$321,199
$0
$111,297

$322,484
$719
$111,260

$0
$25
$0

$322,484
$744
$111,260

$321,199
$0
$114,918

 	$432,496 

 	$434,463 

 	$25 

 	$434,488 

 	$436,117 

     TOTAL  REVENUES	

Expenditures
Series 2014 Interest - 11/01 Interest - 05/01 Principal - 05/01

$87,285
$87,285
$145,000

$87,285
$87,285
$145,000

$0
$0
$0

$87,285
$87,285
$145,000

$84,784
$84,784
$150,000

 	$319,570 

 	$319,570 

 	$0 

 	$319,570 

 	$319,568 

     TOTAL EXPENDITURES	

 	$112,926 

 	$114,893 

 	$25 

 	$114,918 

 	$116,549 

     EXCESS REVENUES	

11/21 Interest  	

2017A

  $	82,196 

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

Page 11

Beacon Tradeport
Community Development District

Amortization Schedule
2017 Special Assessment Bonds

 	YEAR	

 	BALANCE	

 	RATE	

 	PRINCIPAL	

 	INTEREST	

 ANNUAL TOTAL 

05/01/20
11/01/20
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
11/01/39
05/01/40
11/01/40
05/01/41
11/01/41
05/01/42

$5,060,000.00
$4,915,000.00
$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%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%
3.45%

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

145,000.00
- 150,000.00
- 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
- 290,000.00
- 305,000.00
- 315,000.00

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

87,285.00
84,783.75
84,783.75
82,196.25
82,196.25
79,522.50
79,522.50
76,676.25
76,676.25
73,743.75
73,743.75
70,725.00
70,725.00
67,620.00
67,620.00
64,428.75
64,428.75
61,065.00
61,065.00
57,615.00
57,615.00
54,078.75
54,078.75
50,370.00
50,370.00
46,575.00
46,575.00
42,607.50
42,607.50
38,467.50
38,467.50
34,241.25
34,241.25
29,842.50
29,842.50
25,271.25
25,271.25
20,527.50
20,527.50
15,697.50
15,697.50
10,695.00
10,695.00
5,433.75
5,433.75

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

- 317,068.75
- 316,980.00
- 316,718.75
- 321,198.75
- 320,420.00
- 319,468.75
- 318,345.00
- 317,048.75
- 320,493.75
- 318,680.00
- 316,693.75
- 319,448.75
- 316,945.00
- 319,182.50
- 321,075.00
- 317,708.75
- 319,083.75
- 320,113.75
- 320,798.75
- 316,225.00
- 316,392.50
- 321,128.75
320,433.75

$
$
$
$
$
$

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

 	Totals	

   $5,060,000.00 

   $2,271,652.50 

  $ 7,331,652.50 

Page 12