Fiscal Year 2018 (Oct 1, 2017 - Sept 30, 2018)
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 Fisher at 7:30 p.m. on June 8, 2017 at the Carrollwood Cultural Center, 4537 Lowell Road, Tampa, Florida.
Trustees present: Michael Fisher, Barbara Appel, Penny Phillips, Anne Blevins, Kathy Boyd, John O’Neill
Trustees absent: Dave DuCille
Public present: Jerry Lewis, Joyce O’Neill
President Fisher called the hearing to order at 7:30 p.m. and presented the budget for discussion, comparing estimates for FY17 with projections for FY18.
The proposed budget for FY18 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.
President Fisher 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. Trustee Appel added that, 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 Fisher reported that the proposed budget was posted on the District’s website (www.beaconmeadows.org) on June 4, 2017, 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 FY18 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.
President Fisher opened the hearing for public comment. There being no questions or comments from the public, President Fisher made a motion, seconded by Trustee Phillips, to close public comment. The motion was approved by a unanimous vote of 6-0.
The resolution fixing the special assessment rate for the year 2017 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 6-0.
There being no further business, Trustee Phillips moved to adjourn the hearing. Trustee Boyd seconded the motion. The motion was approved by a unanimous vote of 6-0. The hearing was adjourned by President Fisher at 7:47 p.m.
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RESOLUTION FIXING SPECIAL ASSESSMENT FOR THE YEAR 2017
Upon the motion by Trustee Barbara Appel, seconded by Trustee Anne Blevins, the following Resolution was adopted by 6 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 2017 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 8th day of June 2017; 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 2017;
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 18.
The Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT approves the proposed assessment of $100.00 for 2017.
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