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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 Wendy McCrorey at 7:30 p.m. on June 13, 2023 at the Northdale Recreation Center, 15510 Hooting Owls Place, Tampa, Florida.

 

Trustees present:  Wendy McCrorey, Dena Galyardt, Barbara Appel, Penny Phillips, Allen McCrorey, Carol Coon, Steve Castry

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 FY23 with projections for FY24.

 

There are two proposed budgets for FY24.

 

• 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 $52,630 estimated beginning fund balance (i.e., budget carryover), equals total revenues of $83,030.         .

 

• Special assessment rate of $150 per improved residential property.  There are 256 single family homes in Beacon Meadows, resulting in projected revenue of $38,400. This amount, minus the required 5% ($1,920), plus $52,630 estimated beginning fund balance (i.e., budget carryover), equals total revenues of $89,110.

 

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 24, 2023, 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 FY24 appeared reasonable.

 

Trustees also agreed that the special assessment rate should be increased from $125 to $150 due to rising costs for maintenance, repair, and other expenses of the District.  This is authorized by the referendum passed in 2018 which permits Trustees to approve an increase not to exceed $250 per improved residential property. Trustee Carol Coon made a motion, seconded by Trustee Allen McCrorey, to increase the special assessment to $150.  The motion was approved by a unanimous affirmative vote of 7-0.

 

Since no members of the public were present, President McCrorey did not open the hearing for public comment.

 

The resolution fixing the special assessment rate for the year 2023 was read.  Trustee Penny Phillips made a motion, seconded by Trustee Barbara Appel, to approve the budget, adopt the resolution, and set the special assessment rate at $150.  The motion was approved by a unanimous affirmative vote of 7-0.

 

There being no further business, Trustee Steve Castry moved to adjourn the hearing.  Trustee Dena Galyardt seconded the motion.  The motion was approved by a unanimous affirmative vote of 7-0.  The hearing was adjourned by President McCrorey at 7:58 p.m.

 

 

Signed _______________________________              

Secretary

 

Signed _______________________________

                                    President

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RESOLUTION FIXING SPECIAL ASSESSMENT FOR THE YEAR 2023

 

            Upon the motion by Trustee Penny Phillips, seconded by Trustee Barbara Appel, the following Resolution was adopted by a vote of 7-0.

 

            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 2023 shall be in the amount of $150.00; and,

 

            WHEREAS, the Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT has had a duly advertised public hearing on the 13th day of June 2023; 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 13TH DAY OF JUNE 2023:

 

1. That the above recitation of findings of fact is hereby incorporated into this Resolution.

 

1. The Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT approves the proposed budget for FY 24.

 

1. The Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT approves the proposed assessment of $150.00 for 2023.

 

1. 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.

 

 

PRESIDENT: ____________________________________________

                                Wendy McCrorey

 

ATTEST:________________________________________________

                                       Penny Phillips, Secretary

 

ATTEST:________________________________________________

                                       Penny Phillips, Secretary