Adopted Budget
Fiscal Year 2024

Beacon Tradeport Community Development District

July 20, 2023

Beacon Tradeport
Community Development District

TABLE OF CONTENTS

General Fund
Budget	Page 1-2
Budget Narrative	Page 3-5

Debt Service Funds

Series 2012 Budget	Page 6
Amortization Schedule	Page 7

Series 2014 Budget	Page 8
Amortization Schedule	Page 9

Series 2017 Budget	Page 10
Amortization Schedule	Page 11

Beacon Tradeport		
Community Development District									General Fund	

 Description		Adopted Budget
  FY 2023 		Actual Thru
  6/30/23 		Projected Next
 3 Months 		Total Projected
  9/30/23 		Adopted Budget
	FY 2024		
Revenues										
Special Assessments-On Roll	$137,664		$138,259		$0		$138,259		$137,664	
Special Assessments-Off Roll	$160,000		$160,000		$0		$160,000		$160,000	
Impact feees	$0		$0		$196,268		$196,268		$0	
Miscellaneous Income	$0		$11,981		$0		$11,981		$0	
Interest Income	$750		$19,001		$1,485		$20,486		$750	
FEMA Revenue	$0		$0		$0		$0		$0	
Cost Sharing Revenues	$4,555		$4,555		$0		$4,555		$4,555	
Unassigned Fund Balance	$238,973		$4,299	*	$0		$4,299		$180,494	

 TOTAL REVENUES		 $541,942 		  $338,095 		 $197,753 		 $535,848 			$483,463 	
Expenditures										
Administrative
Engineering	
$35,000		
$25,857		
$8,750		
$34,607		
$35,000	
Arbitrage	$1,800		$0		$1,800		$1,800		$1,800	
Attorney	$30,000		$19,898		$10,000		$29,898		$30,000	
Annual Audit	$6,800		$6,800		$0		$6,800		$6,900	
Trustee Fees	$24,750		$24,617		$0		$24,617		$24,750	
Management Fees	$55,522		$41,641		$13,881		$55,522		$57,188	
Computer Time	$1,000		$750		$250		$1,000		$1,000	
Telephone	$250		$0		$0		$0		$0	
Postage	$500		$452		$125		$577		$750	
Printing & Binding	$750		$23		$313		$336		$750	
Rentals & Leases	$2,400		$1,800		$600		$2,400		$2,400	
Insurance	$9,834		$8,827		$0		$8,827		$10,023	
Legal Advertising	$1,200		$225		$300		$525		$1,200	
Other Current Charges	$1,500		$410		$375		$785		$1,500	
Real Estate Taxes	$3,500		$0		$0		$0		$0	
Office Supplies	$250		$0		$104		$104		$250	
Dues, Licenses & Subscriptions	$175		$175		$0		$175		$175	
Website Design/Maintenance	$3,000		$2,250		$750		$3,000		$3,000	
Holiday Lighting	$59,740		$47,640		$0		$47,640		$59,740	

 TOTAL ADMINISTRATIVE		 $237,970 		  $181,365 		  $37,247 		 $218,612 			$236,425 	

Beacon Tradeport										
Community Development District									General Fund	

 Description		Adopted Budget
  FY 2023 		Actual Thru
  6/30/23 		Projected Next
 3 Months 		Total Projected
  9/30/23 		Adopted Budget
	FY 2024		
Drainage System
Lake Maintenance	
$15,000		
$4,903		
$1,634		
$6,537		
$6,538	
Storm Drain Cleaning	$150,000		$75,941		$0		$75,941		$100,000	
Mosquito Control	$102,000		$76,500		$25,500		$102,000		$102,000	
Contingencies	$5,000		$1,373		$1,667		$3,040		$5,000	

 TOTAL DRAINAGE SYSTEM		 $272,000 		  $158,717 		  $28,801 		 $187,518 			$213,538 	
Irrigation System
Electric	
$15,000		
$8,953		
$3,750		
$12,703		
$15,000	
Repairs and Maintenance	$3,500		$39,358		$0		$39,358		$3,500	
Landscape Improvements	$3,471		$0		$0		$0		$0	
Contingencies	$5,000		$1,141		$2,083		$3,224		$5,000	
Capital Outlay	$5,000		$68,433		$6,000		$74,433		$10,000	

 TOTAL IRRIGATION SYSTEM		  $31,971 		  $117,885 		  $11,833 		 $129,718 			$33,500 	

 TOTAL EXPENDITURES		 $541,941 		  $457,967 		  $77,881 		 $535,848 			$483,463 	
Other Sources and Uses										
Interfund Transfer	$0		$0		$0		$0		$0	

 TOTAL OTHER SOURCES AND USES 		$0 			$0 			$0 			$0 			$0 	

 UNASSIGNED FUND BALANCE			$0 		 ($119,872) 		 $119,872 			($0) 			($0) 	

* Note - Prior year surplus reserves are being used for the unassigned fund balance.

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2024
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 2012, 2014, and 2017 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.

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 2012, 2014, and Series 2017 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.

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2024
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.

Rentals & Leases
The District will be charged $200 per month for office rent from Governmental Management Services-South Florida, Inc.

Insurance
The District's general liability & public officials liability Insurance policy is with Egis Insurance Advisors which 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.

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.

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 Holiday Outdoor Décor to provide the holiday lighting throughout the District.

BEACON TRADEPORT
COMMUNITY DEVELOPMENT DISTRICT
ADOPTED GENERAL FUND BUDGET FISCAL YEAR 2024

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.

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.

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

	Adopted
Budget		Actual
Thru		Projected
Next		
Total
Projected	Adopted
Budget	
 Description				FY 2023				6/30/23				3 Months				9/30/23			FY 2024		
Revenues
Special Assessments - Levy		
$1,269,020		
$1,275,699		
$0		
$1,275,699	
$1,269,020	
Interest Income		$0		$26,413		$4,402		$30,815	$0	
Carry Forward Surplus (1)		$484,346		$529,112		$0		$529,112	$580,492	
  TOTAL REVENUES				$1,753,366 			$1,831,224 			$4,402 		
	$1,835,626 		$1,849,512 	
Expenditures
Series 2012 Interest - 11/1		

$62,567		

$62,567		

$0		

$62,567	

$42,285	
Interest - 5/1		$62,567		$62,567		$0		$62,567	$42,285	
Principal - 5/1		$1,120,000		$1,120,000		$0		$1,120,000	$1,150,000	
Special Call - 5/1		$0		$10,000		$0		$10,000	$0	
  TOTAL EXPENDITURES				$1,245,134 			$1,255,134 			$0 		
	$1,255,134 		$1,234,570 	
  EXCESS REVENUES				$508,232 			$576,090 			$4,402 		
	$580,492 		$614,942 	

11/24 Interest		
								2012A		$21,459 	

(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

05/01/23	$ 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	Adopted
Budget	
 Description				FY 2023				6/30/23				3 Months				9/30/23			FY 2024		
Revenues
Special Assessments - Levy		
$5,284,468		
$5,351,826		
$0		
$5,351,826	
$5,351,826	
Interest Income		$2,000		$415,284		$1,125		$416,409	$2,000	
Carry Forward Surplus (1)		$601,224		$824,884		$0		$824,884	$1,090,764	
  TOTAL REVENUES				$5,887,692 			$6,591,994 			$1,125 		
	$6,593,119 		$6,444,590 	
Expenditures
Series 2014 Interest - 11/01		

$543,101		

$543,101		

$0		

$543,101	

$468,047	
Interest - 5/1		$534,246		$534,246		$0		$534,246	$462,960	
Principal - 5/1		$4,340,000		$4,340,000		$0		$4,340,000	$4,595,000	
Special Call - 5/1		$0		$35,000		$0		$35,000	$0	
  TOTAL EXPENDITURES				$5,417,346 			$5,452,346 			$0 		
	$5,452,346 		$5,526,007 	
Other Financing Sources/(Uses)										
Other Debt Service Costs		$0		($50,009)		$0		($50,009)	$0	
 TOTAL OTHER SOURCES AND USES			$0 			($50,009) 			$0 		
	($50,009) 		$0 	
  EXCESS REVENUES				$470,345 			$1,089,639 			$1,125 		
	$1,090,764 		$918,583 	

11/24 Interest		
								2014A		$388,584 	

(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	

05/01/23	$31,405,000.00	3.3835%	$ 4,340,000.00	$ 534,245.72	$	-	
11/01/23	$27,065,000.00	3.3835%	$	-	$ 468,047.07	$	5,342,292.80	
05/01/24	$27,065,000.00	3.3835%	$ 4,595,000.00	$ 462,959.61	$	-	
11/01/24	$22,470,000.00	3.3835%	$	-	$ 388,583.70	$	5,446,543.30	
05/01/25	$22,470,000.00	3.3835%	$ 4,870,000.00	$ 382,248.09	$	-	
11/01/25	$17,600,000.00	3.3835%	$	-	$ 304,364.62	$	5,556,612.72	
05/01/26	$17,600,000.00	3.3835%	$ 5,150,000.00	$ 299,402.16	$	-	
11/01/26	$12,450,000.00	3.3835%	$	-	$ 215,303.38	$	5,664,705.54	
05/01/27	$12,450,000.00	3.3835%	$ 5,445,000.00	$ 211,793.00	$	-	
11/01/27	$ 7,005,000.00	3.3835%	$	-	$ 121,140.58	$	5,777,933.58	
05/01/28	$ 7,005,000.00	3.3835%	$ 7,005,000.00	$ 119,823.83	$	7,124,823.83	
	Totals			 $39,465,000.00 		 $5,942,099.41 		 $	45,407,099.41 	

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

	Adopted
Budget		Actual
Thru		Projected
Next		Total
Projected		Adopted
Budget	
 Description				FY 2023				6/30/23				3 Months				9/30/23				FY 2024		
Revenues
Special Assessments - Levy		
$321,199		
$322,227		
$0		
$322,227		
$321,199	
Interest Income		$0		$4,866		$1,620		$6,486		$0	
Carry Forward Surplus (1)		$120,786		$182,112		$0		$182,112		$186,780	
  TOTAL REVENUES				$441,985 			$509,205 			$1,620 			$510,825 			$507,979 	
Expenditures
Series 2014 Interest - 11/01		

$79,523		

$79,523		

$0		

$79,523		

$76,676	
Interest - 05/01		$79,523		$79,523		$0		$79,523		$76,676	
Principal - 05/01		$165,000		$165,000		$0		$165,000		$170,000	
  TOTAL EXPENDITURES				$324,045 			$324,045 			$0 			$324,045 			$323,353 	
  EXCESS REVENUES				$117,940 			$185,160 			$1,620 			$186,780 			$184,627 	

11/24 Interest 	
2017A		$73,744 

(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 

05/01/23	$4,610,000.00	3.45%	$ 165,000.00		$	79,522.50		$	-	
11/01/23	$4,445,000.00	3.45%	$	-		$	76,676.25		$	321,198.75	
05/01/24	$4,445,000.00	3.45%	$ 170,000.00		$	76,676.25		$	-	
11/01/24	$4,275,000.00	3.45%	$	-		$	73,743.75		$	320,420.00	
05/01/25	$4,275,000.00	3.45%	$ 175,000.00		$	73,743.75		$	-	
11/01/25	$4,100,000.00	3.45%	$	-		$	70,725.00		$	319,468.75	
05/01/26	$4,100,000.00	3.45%	$ 180,000.00		$	70,725.00		$	-	
11/01/26	$3,920,000.00	3.45%	$	-		$	67,620.00		$	318,345.00	
05/01/27	$3,920,000.00	3.45%	$ 185,000.00		$	67,620.00		$	-	
11/01/27	$3,735,000.00	3.45%	$	-		$	64,428.75		$	317,048.75	
05/01/28	$3,735,000.00	3.45%	$ 195,000.00		$	64,428.75		$	-	
11/01/28	$3,540,000.00	3.45%	$	-		$	61,065.00		$	320,493.75	
05/01/29	$3,540,000.00	3.45%	$ 200,000.00		$	61,065.00		$	-	
11/01/29	$3,340,000.00	3.45%	$	-		$	57,615.00		$	318,680.00	
05/01/30	$3,340,000.00	3.45%	$ 205,000.00		$	57,615.00		$	-	
11/01/30	$3,135,000.00	3.45%	$	-		$	54,078.75		$	316,693.75	
05/01/31	$3,135,000.00	3.45%	$ 215,000.00		$	54,078.75		$	-	
11/01/31	$2,920,000.00	3.45%	$	-		$	50,370.00		$	319,448.75	
05/01/32	$2,920,000.00	3.45%	$ 220,000.00		$	50,370.00		$	-	
11/01/32	$2,700,000.00	3.45%	$	-		$	46,575.00		$	316,945.00	
05/01/33	$2,700,000.00	3.45%	$ 230,000.00		$	46,575.00		$	-	
11/01/33	$2,470,000.00	3.45%	$	-		$	42,607.50		$	319,182.50	
05/01/34	$2,470,000.00	3.45%	$ 240,000.00		$	42,607.50		$	-	
11/01/34	$2,230,000.00	3.45%	$	-		$	38,467.50		$	321,075.00	
05/01/35	$2,230,000.00	3.45%	$ 245,000.00		$	38,467.50		$	-	
11/01/35	$1,985,000.00	3.45%	$	-		$	34,241.25		$	317,708.75	
05/01/36	$1,985,000.00	3.45%	$ 255,000.00		$	34,241.25		$	-	
11/01/36	$1,730,000.00	3.45%	$	-		$	29,842.50		$	319,083.75	
05/01/37	$1,730,000.00	3.45%	$ 265,000.00		$	29,842.50		$	-	
11/01/37	$1,465,000.00	3.45%	$	-		$	25,271.25		$	320,113.75	
05/01/38	$1,465,000.00	3.45%	$ 275,000.00		$	25,271.25		$	-	
11/01/38	$1,190,000.00	3.45%	$	-		$	20,527.50		$	320,798.75	
05/01/39	$1,190,000.00	3.45%	$ 280,000.00		$	20,527.50		$	-	
11/01/39	$ 910,000.00	3.45%	$	-		$	15,697.50		$	316,225.00	
05/01/40	$ 910,000.00	3.45%	$ 290,000.00		$	15,697.50		$	-	
11/01/40	$ 620,000.00	3.45%	$	-		$	10,695.00		$	316,392.50	
05/01/41	$ 620,000.00	3.45%	$ 305,000.00		$	10,695.00		$	-	
11/01/41	$ 315,000.00	3.45%	$	-		$	5,433.75		$	321,128.75	
05/01/42	$ 315,000.00	3.45%	$ 315,000.00		$	5,433.75		$	320,433.75	
	Totals				 $4,915,000.00 		 $2,099,583.75 		 $ 7,014,583.75