Beacon Tradeport

Community Development District

Adopted Budget
Fiscal Year 2026

Presented by:

Table of Contents

1-2		General Fund	

3	
	Allocation of Reserves	

4-5	
	Budget Narrative	

6-7	
	Debt Service Fund Series 2014	

8-9	
	Debt Service Fund Series 2017	

10	
	Non-Ad Valorem Assessments Comparison	

	Adopted Budget	Actuals Through	Projected Next	Projected Through	Adopted Budget	
Description	Fiscal Year 2025	4/30/25	5 Months	9/30/25	Fiscal Year 2026	

REVENUES:						
Special Assessments - Tax Roll	$	514,708	$	503,925	$	13,458	$	517,383	$	514,708	
Special Assessments - Direct Bill	160,000	160,000	-	160,000	160,000	
Interest Income	10,000	14,631	10,451	25,082	10,000	
Cost Sharing Revenues	4,555	4,555	(0)	4,555	4,555	
TOTAL REVENUES	$	689,263	$	683,112	$  23,908	$	707,020	$	689,263	

EXPENDITURES:						
General and Administrative						
Engineering	$	45,000	$	12,598	$	26,250	$	38,848	$	45,000	
Assessment Roll Administration	2,000	2,000	-	2,000	2,000	
Attorney	20,000	11,513	12,088	23,601	25,000	
Annual Audit	7,000	5,800	-	5,800	5,900	
Arbitrage Calculation	1,800	-	1,800	1,800	1,800	
Trustee Fees	24,750	13,436	11,314	24,750	24,750	
Management Fees	60,619	35,361	25,258	60,619	64,256	
Information Technology	1,000	583	416	1,000	1,000	
Website Maintenance	3,000	1,750	1,250	3,000	3,000	
Postage and Delivery	750	191	375	566	750	
Insurance General Liability	10,437	10,088	-	10,088	11,796	
Printing and Binding	750	8	375	383	750	
Rental and Leases	2,400	1,400	1,000	2,400	2,400	
Legal Advertising	1,200	1,343	-	1,343	1,500	
Other Current Charges	1,500	810	625	1,435	1,500	
Office Supplies	250	-	-	-	250	
Dues, Licenses and Subscriptions	175	175	-	175	175	
Holiday Lighting	59,740	59,740	-	59,740	59,740	
TOTAL GENERAL AND ADMINISTRATIVE	$	242,370	$	156,796	$  80,751	$	237,546	$	251,566	

Description

Adopted Budget Fiscal Year
2025

Actuals Through 4/30/25

Projected Next
5 Months

Projected Through 9/30/25

Adopted Budget Fiscal Year
2026

Operations and Maintenance		
Lake Maintenance	$	6,538	$	3,814	$	2,724	$	6,538	$	6,538	
Storm Drain Cleaning	100,000	-	100,000	100,000	130,000	
Mosquito Control	102,000	59,500	42,500	102,000	102,000	
Electric	15,000	6,157	4,618	10,775	15,000	
Repairs and Maintenance	3,500	-	3,500	3,500	3,500	
Contingencies	10,000	1,500	8,500	10,000	10,000	
Capital Outlay	10,000	-	10,000	10,000	10,000	
Reserves	199,855	-	199,855	199,855	160,659	
TOTAL OPERATIONS AND MAINTENANCE	$	446,893	$	70,971	$ 371,697	$	442,668	$	437,697	
						
TOTAL EXPENDITURES	$	689,263	$	227,767	$ 452,448	$	680,215	$	689,263	
						
EXCESS REVENUES (EXPENDITURES)	$	(0)	$	455,345	$ (428,539)	$	26,805	$	(0)	

Exhibit "A" Allocation of Reserves

DESCRIPTION

Beginning Fund Balance - 10/1/24	$	534,375	
Net change in Fund Balance - Fiscal Year 2025	26,805	
Total Funds Available (Estimated) - 9/30/25	561,180	

ALLOCATION OF AVAILABLE FUNDS		
Funding for First Quarter Operating Expenses: (1)	(132,151)	
Reserved for Undesignated Industrial Reserves: (2)	(393,537)	
Total Allocation of Available Funds	(525,688)	
		
Total Unassigned Cash (Estimated) - 9/30/25	$	35,492	

Notes		
(1) Represents approximately 3 months of operating expenditures		
RESERVED FOR UNDESIGNATED INDUSTRIAL RESERVES (2)		
Beginning Balance - 2/28/25	$	193,682	
Estimated Increase in Reserves during Fiscal Year 2025 (3)	199,855	
Total Funds Reserved for Undesignated Industrial Reserves - 9/30/25 (Estimated)	$	393,537	

RESERVED FOR UNDESIGNATED INDUSTRIAL RESERVES		
Beginning Balance - 10/1/25 (Estimated)	$	393,537	
Estimated Increase in Reserves during Fiscal Year 2026 (3)	160,659	
Total Funds Reserved for Undesignated Industrial Reserves - 9/30/26 (Esimtated)	$	554,196	

Notes
(3) Increase in reserves resulting from savings due to payoff of Series 2012A Bonds on May 1, 2025

REVENUES

Special Assessments - Tax Roll & Direct Bill
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 earns interest on the monthly average collected balance for each of its investment accounts.
Cost Sharing Revenues
Amounts billed in connection with Drainage, Detention, Retention and Flowage Easement Agreement.

Expenditures - General and Administrative

Engineering
The District's engineer will provide general engineering services to the District, i.e. attendance and preparation for monthly board meetings, review of invoices, and other specifically requested assignments.
Assessment Roll Administration
GMS SF, LLC provides assessment services for closing lot sales, assessment roll services with the local tax collector and financial advisory services.
Attorney
The District’s attorney will be providing general legal services to the District, i.e., attendance and preparation for monthly Board meetings, review of contracts, review of agreements and resolutions, and other research assigned as directed by the Board of Supervisors and the District Manager.
Annual Audit
The District is required to conduct an annual audit of its financial records by an independent certified public accounting firm. The budgeted amount for the fiscal year is based on contracted fees from the previous year engagement.
Arbitrage Calculation
The District is required to annually have an arbitrage rebate calculation on the District's Series 2012, 2014, and 2017 Special Assessment 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.
Trustee Fees
The District issued Series 2012, 2014, and 2017 Special Assessment Bonds. The amount of the trustee fees is based on the agreement between the trustee 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, LLC. The budgeted amount for the fiscal year is based on the contracted fees outlined in Exhibit "A" of the management agreement.
Information Technology
The District processes all of its financial activities, i.e., accounts payable, financial statements, etc. on a main frame computer leased by Governmental Management Services – South Florida, LLC.
Website Maintenance
Per Chapter 2014-22, Laws of Florida, all Districts must have a website to provide detailed information on the CDD as well as links to useful websites regarding compliance issues. This website will be maintained by GMS-SF, LLC and updated monthly.
Postage and Delivery
Actual postage and/or freight used for District mailings including agenda packages, vendor checks and other correspondence.
Insurance General Liability
The District's general liability and public officials liability insurance policy is with a qualified entity that specializes in providing insurance coverage to governmental agencies.
Printing and Binding
Copies used in the preparation of agenda packages, required mailings, and other special projects.

Expenditures - General and Administrative (Continued)

Rentals and Leases
The District will be charged $200 per month for office rent from Governmental Management Services – South Florida, LLC, for the District's administrative office located in Fort Lauderdale.
Legal Advertising
The District is required to advertise various notices for monthly Board meetings and other public hearings in a newspaper of general circulation.
Other Current Charges
This includes monthly bank charges and any other miscellaneous expenses that incur during the fiscal year.
Office Supplies
Supplies used in the preparation and binding of agenda packages, required mailings, and other special projects.
Due, Licenses and Subscriptions
The District is required to pay an annual fee to the Department of Economic Opportunity Community Affairs for $175.
Holiday Lighting
The District has contracted with Holiday Outdoor Décor to provide the holiday lighting throughout the District.

Expenditures – Operations and Maintenance

Lake Management
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.

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

Repairs and Maintenance
Scheduled and unscheduled repairs and maintenance to the District’s irrigation system and storm drains.

Contingencies
Unanticipated expenses that may occur during the fiscal year to the irrigation system and storm drains.

Capital Outlay
Represents any minor capital expenditures the District may need to make during the fiscal year.

Adopted Budget
Series 2014A Special Assessment Refunding Bonds

		Adopted Budget	Actuals Through	
Projected Next	Projected Through	Adopted Budget	
	
Description	Fiscal Year 2025	4/30/25	5 Months
 		9/30/25	Fiscal Year
2026	

REVENUES:							

Special Assessments - Tax Roll	
$	5,571,756	
$	5,568,713	
$	-	
$	5,568,713	
$  6,296,815	
Interest Earnings	2,000	422,846	10,500	433,346	2,000	
Carry Forward Surplus (1)	1,010,444	-	930,444	930,444	650,698	
TOTAL REVENUES	$ 6,584,200	$ 5,991,559	$	940,944	$  6,932,503	$ 6,949,513	

EXPENDITURES:						
Interest - 11/1	$	614,026	$	718,540	$	-	$	718,540	$	643,884	
Special Call - 11/1	-	55,000	-	55,000	-	
Interest - 5/1	614,026	-	638,265	638,265	643,884	
Principal - 5/1	4,870,000	-	4,870,000	4,870,000	5,150,000	
TOTAL EXPENDITURES	$ 6,098,051	$	773,540	$ 5,508,265	$  6,281,805	$ 6,437,768	
						
EXCESS REVENUES (EXPENDITURES)	$	486,149	$ 5,218,019	$ (4,567,321)	$	650,698	$  511,746	

(1) Carry Forward is Net of Reserve Requirement

Interest Due 11/1/26

$502,931

	$502,931 

Period	Outstanding Balance	Principal	Interest	Annual Debt Service	

05/01/25	
$	22,566,362	
$	4,940,000	
$	639,265	
$	-	
11/01/25	17,626,362	-	643,884	6,223,148.94	
05/01/26	17,626,362	5,150,000	643,884		
11/01/26	12,476,362	-	502,931	6,296,815.00	
05/01/27	12,476,362	5,445,000	502,931		
11/01/27	7,031,362	-	355,987	6,303,918.04	
05/01/28	7,031,362	7,031,362	355,987		
Total	$	22,566,362	$	3,644,869	$	18,823,882	

	Adopted		Actuals				Projected		Adopted	
	Budget		Through	Projected Next		Through		Budget	

Description		Fiscal Year 2025		4/30/25		5 Months		9/30/25		Fiscal Year 2026	

REVENUES:											
Special Assessments-On Roll	$	321,199	$	317,033	$	5,429	$	322,461	$	321,199	
Interest Earnings		-		8,271		2,500		10,771		-	
Carry Forward Surplus (1)		198,100		-		193,100		193,100		203,845	
TOTAL REVENUES	$	519,299	$	325,303	$	201,029	$	526,332	$	525,044	

EXPENDITURES:											
Interest - 11/1	$	73,744	$	73,744	$	-	$	73,744	$	70,725	
Interest - 5/1		73,744		-		73,744		73,744		70,725	
Principal - 5/1		175,000		-		175,000		175,000		180,000	
TOTAL EXPENDITURES	$	322,488	$	73,744	$	248,744	$	322,488	$	321,450	

EXCESS REVENUES (EXPENDITURES)	$	196,812	$	251,560	$	(47,715)	$	203,845	$	203,594	

(1) Carry Forward is Net of Reserve Requirement					
Interest Due 11/1/26		
$67,620	
										$67,620 	

Period	Outstanding Balance	Principal	Interest	Annual Debt Service	

05/01/25	
$	
4,275,000	
$	
175,000  $	
73,744	
$	
-	
11/01/25	4,100,000		-	70,725	319,468.75	
05/01/26	4,100,000	180,000	70,725		
11/01/26	3,920,000		-	67,620	318,345.00	
05/01/27	3,920,000	185,000	67,620		
11/01/27	3,735,000		-	64,429	317,048.75	
05/01/28	3,735,000	195,000	64,429		
11/01/28	3,540,000		-	61,065	320,493.75	
05/01/29	3,540,000	200,000	61,065		
11/01/29	3,340,000		-	57,615	318,680.00	
05/01/30	3,340,000	205,000	57,615		
11/01/30	3,135,000		-	54,079	316,693.75	
05/01/31	3,135,000	215,000	54,079		
11/01/31	2,920,000		-	50,370	319,448.75	
05/01/32	2,920,000	220,000	50,370		
11/01/32	2,700,000		-	46,575	316,945.00	
05/01/33	2,700,000	230,000	46,575		
11/01/33	2,470,000		-	42,608	319,182.50	
05/01/34	2,470,000	240,000	42,608		
11/01/34	2,230,000		-	38,468	321,075.00	
05/01/35	2,230,000	245,000	38,468		
11/01/35	1,985,000		-	34,241	317,708.75	
05/01/36	1,985,000	255,000	34,241		
11/01/36	1,730,000		-	29,843	319,083.75	
05/01/37	1,730,000	265,000	29,843		
11/01/37	1,465,000		-	25,271	320,113.75	
05/01/38	1,465,000	275,000	25,271		
11/01/38	1,190,000		-	20,528	320,798.75	
05/01/39	1,190,000	280,000	20,528		
11/01/39	910,000		-	15,698	316,225.00	
05/01/40	910,000	290,000	15,698		
11/01/40	620,000		-	10,695	316,392.50	
05/01/41	620,000	305,000	10,695		
11/01/41	315,000		-	5,434	321,128.75	
05/01/42	315,000	315,000	5,434		
Total	$	4,275,000  $	1,464,266	$	5,418,833	

Beacon Tradeport
Community Development District
Non-Ad Valorem Assessments Comparison

	Fiscal Year 2026 Maintenance Assessment*		Fiscal Year 2026 Debt Assessment*
Refinanced Series		Fiscal Year 2026 Debt Assessment*
Series 2017 Bonds	
Commercial Area - Series 2014	$0.10	(1)	$3.95	(1)	$0.07	(2)	
Industrial Area - Series 2012	$0.18	(1)	$0.41	(1)	$0.07	(2)	

(1) Assessment per sq. ft of outstanding assigned development rights for Series 2012 or 2014 Bonds
(2) Assessment per sq.ft of assigned development rights for Series 2017 Bonds
* Includes 4% for early payment discount and 1% Collection Cost	

	Fiscal Year 2025 Maintenance Assessment*		Fiscal Year 2025 Debt Assessment*
Refinanced Series		Fiscal Year 2025 Debt Assessment*
Series 2017 Bonds	
Commercial Area - Series 2014	$0.10	(1)	$3.49	(1)	$0.07	(2)	
Industrial Area - Series 2012	$0.18	(1)	$0.41	(1)	$0.07	(2)	

Assessment per sq. ft of outstanding assigned development rights for Series 2012 or 2014 Bonds
Assessment per sq.ft of assigned development rights for Series 2017 Bonds
* Includes 4% for early payment discount and 1% Collection Cost