Fiscal Year 2021 (Oct 1, 2020 - Sept 30, 2021)
MINUTES OF THE BEACON MEADOWS SPECIAL DEPENDENT DISTRICT
PUBLIC BUDGET HEARING
NOTE: Due to COVID-19 facility schedule changes, the hearing was conducted by teleconference (Conference Now) with Barbara Appel hosting. Instructions for participating in the teleconference were posted on the Beacon Meadows website and on the entrance door of the Carrollwood Cultural Center on June 11, 2020.
The public budget hearing for the Beacon Meadows Special Dependent District was convened by President Wendy McCrorey at 7:30 p.m. on June 11, 2020.
Trustees participating: Wendy McCrorey, Shirley Williams, Barbara Appel, Penny Phillips, Allen McCrorey
Trustees not participating: Angela Lucero, Anne Blevins
Public participating: Dena Galyardt
President McCrorey called the hearing to order at 7:30 p.m. and presented the budget for discussion, comparing estimates for FY20 with projections for FY21.
The proposed budget for FY21 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 $60,119 estimated beginning fund balance (i.e., budget carryover), equals total revenues of $90,519.
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 28, 2020, 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 FY21 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 2020 was read. Trustee Barbara Appel made a motion, seconded by Trustee Allen McCrorey, 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 5-0, with no opposing votes.
There being no further business, Trustee Penny Phillips moved to adjourn the hearing. Trustee Shirley Williams seconded the motion. The motion was approved by a unanimous affirmative vote of 5-0, with no opposing votes. The hearing was adjourned by President McCrorey at 7:46 p.m.
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RESOLUTION FIXING SPECIAL ASSESSMENT FOR THE YEAR 2020
Upon the motion by Trustee Barbara Appel, seconded by Trustee Allen McCrorey, the following Resolution was adopted by 5 affirmative votes, with no opposing 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 2020 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 11th day of June 2020; 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 11TH DAY OF JUNE 2020:
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 21
The Board of Trustees of BEACON MEADOWS SPECIAL DEPENDENT DISTRICT approves the proposed assessment of $125.00 for 2020.
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