Fiscal Year 2022 (Oct 1, 2021 - Sept 30, 2022)
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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 8, 2021 at the Northdale Recreation Center, 15550 Spring Pine Dr., Tampa, Florida.
Trustees present: Wendy McCrorey, Shirley Williams, Barbara Appel, Penny Phillips, Allen McCrorey, Angela Lucero
Trustees absent: Anne Blevins
Public present: Dena Galyardt
President McCrorey called the hearing to order at 7:30 p.m. and presented the budget for discussion, comparing estimates for FY21 with projections for FY22.
The proposed budget for FY22 includes the special assessment rate of $125 per improved residential property. There are 256 single family homes in Beacon Meadows, resulting in projected revenue of $32,000. This amount, minus the required 5% ($1,600), plus $44,963 estimated beginning fund balance (i.e., budget carryover), equals total revenues of $75,363.
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 25, 2021, 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 FY22 appeared reasonable and that the special assessment rate should remain at $125 per improved residential property. President McCrorey opened the hearing for public comment. Since there was none, public comment was closed.
The resolution fixing the special assessment rate for the year 2021 was read. Trustee Appel made a motion, seconded by Trustee Phillips, to approve the budget, adopt the resolution, and set the special assessment rate at $125. The motion was approved by a unanimous affirmative vote of 6-0.
There being no further business, Trustee Appel moved to adjourn the hearing. Trustee Williams seconded the motion. The motion was approved by a unanimous affirmative vote of 6-0. The hearing was adjourned by President McCrorey at 7:41 p.m.
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RESOLUTION FIXING SPECIAL ASSESSMENT FOR THE YEAR 2021
Upon the motion by Trustee Appel, seconded by Trustee Phillips, the following Resolution was adopted by a vote of 6-0.
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 2021 shall be in the amount of $125.00; and,
WHEREAS, the Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT has had a duly advertised public hearing on the 8th day of June 2021; 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 8TH DAY OF JUNE 2021:
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 22.
The Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT approves the proposed assessment of $125.00 for 2021.
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.
Penny Phillips, Secretary