Fiscal Year 2019 (Oct 1, 2018 - Sept 30, 2019)
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MINUTES OF THE BEACON MEADOWS SPECIAL DEPENDENT DISTRICT
PUBLIC BUDGET HEARING
The public budget hearing for the Beacon Meadows Special Dependent District was convened by President McCrorey at 7:30 p.m. on June 14, 2018 at the Carrollwood Cultural Center, 4537 Lowell Road, Tampa, Florida.
Trustees present: Wendy McCrorey, Shirley Williams, Barbara Appel, Penny Phillips, Anne Blevins, Allen McCrorey, Angela Lucero
Trustees absent: None
Public present: None
President McCrorey called the hearing to order at 7:30 p.m. and presented the budget for discussion, comparing estimates for FY18 with projections for FY19.
The proposed budget for FY19 maintains the special assessment rate of $100 per improved parcel. There are 256 single family homes in Beacon Meadows, resulting in projected revenue of $25,600. This amount, minus the required 5% ($1,280), plus $16,108 estimated beginning fund balance (i.e., budget carryover), equals total revenues of $40,428.
President McCrorey reviewed all budget categories and the backup schedules justifying how projected items are calculated.
Budget Transfers (99.01) is the standard amount that has been allocated for a number of years. In the past, the District’s accountant had confirmed this entry was appropriate. Reserve for Contingency (99.03), which can be up to 10% of total revenues, is the amount that is estimated to cover three months of regular District expenses.
President McCrorey reported that the proposed budget was posted on the District’s website on May 13, 2018 in compliance with Chapter 189.418(4) of the Florida Statutes. The approved budget will be posted on the same website.
Discussion among Trustees resulted in an agreement that the budget projections for FY19 appeared reasonable and that the special assessment rate should be maintained at $100 per improved parcel. However, they further agreed that the 2018 referendum to increase ad valorem taxes needs to pass in order to effectively operate the District as costs continue to rise, additional sections of the Gunn Hwy. wall are to be repaired or replaced, and the Jackson Rd. wall is to be properly maintained.
Since no one from the public was present, President McCrorey did not open the hearing for public comment.
The resolution fixing the special assessment rate for the year 2018 was read. Trustee Appel made a motion, seconded by Trustee Blevins, to approve the budget, adopt the resolution, and set the special assessment rate at $100. The motion was approved by a unanimous vote of 7-0.
There being no further business, Trustee Phillips moved to adjourn the hearing. Trustee Appel seconded the motion. The motion was approved by a unanimous vote of 7-0. The hearing was adjourned by President McCrorey at 7:42 p.m.
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RESOLUTION FIXING SPECIAL ASSESSMENT FOR THE YEAR 2018
Upon the motion by Trustee Barbara Appel, seconded by Trustee Anne Blevins, the following Resolution was adopted by 7 votes to 0 votes.
WHEREAS, BEACON MEADOWS SPECIAL DEPENDENT DISTRICT is a special dependent district duly established and operating pursuant to Ordinance #87-53, as amended; and,
WHEREAS, Ordinance #87-53, as amended, provided that the Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT has the right, power and authority to levy a special assessment against IMPROVED RESIDENTIAL PROPERTY in the district for the purpose of maintaining and improving common property; and,
WHEREAS, the Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT has determined that the assessment for the year 2018 shall be in the amount of $100.00; and,
WHEREAS, the Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT has had a duly advertised public hearing on the 14th day of June 2018; and,
WHEREAS, the Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT has presented the proposed assessment and proposed budget to the residents of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT at the public hearing; and,
WHEREAS, the Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT has heard discussion and comments from the residents.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF BEACON MEADOWS SPECIAL DEPENDENT DISTRICT, THIS 14TH DAY OF JUNE 2018:
That the above recitation of findings of fact is hereby incorporated into this Resolution.
The Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT approves the proposed budget for FY 19.
The Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT approves the proposed assessment of $100.00 for 2018.
Upon adoption, this Resolution shall be transmitted by the Trustees, along with the approved budget and all other materials required by Hillsborough County, to the Board of County Commissioners for their approval.
Wendy McCrorey, President
Penny Phillips, Secretary