Tampa Palms CDD Financial Information

Links To Information The Tampa Palms Community CDD levies a  non-ad valorem assessment and no other tax or surcharge.   Adopted FY 2024-25 Budget & Assessments Click Link Below Adopted Budget FY 2024-25 Adopted Assessments FY 2024-25   Adopted FY 2023-24 Click Link Below Adopted Budget FY2023-24 Adopted Assessments FY 2023-24 Prior Years Budgets & Assessments   Adopted FY 2022-23 Click Below Adopted Budget FY 2022-23 Adopted Assessments 2022-23   Adopted FY 2021-22 Adopted Budget (link) Adopted Assessments (link)   Adopted FY 2020-21 (No change from FY 2019-20) Adopted Budget (Link) Adopted Assessments (Link)   Adopted FY 2019-20 Adopted Budget (Link) Adopted FY 2019-20 Assessments (Link)     Audits   Prior Year Audit Report (FY 2022-23)   Prior Years FY 20015-2022 (Link)    Financial Reporting All Years   Multi -Year AFR Online, Return To CDD     Updated July 11, 2024

Tampa Palms CDD Board Financial Analysis June, 2024 Meeting (FY Oct 1, 2023 - Sept 30, 2024)              Period Ending June 30, 2024      Executive Summary The District had a $ 5.1 million cash balance, net of liabilities, at the end of the first eight months of fiscal year 2023-24. The District’s cash planning includes FY 2023-24 budgeted expenses, FY 2024-25 forecast Q1 expenses, along with other contingent liabilities that result in a forecast of an unallocated fund balance of approximately $1.6 K at the end of calendar year 2024. (Details provided below.) Revenue Assessment revenue collected as of February is net $2,947 K (99 %) and on target for the collection cycle for the fiscal year. An additional $31K was collected in June it is not reflected in these financial statements. Expenses Normal Operations   Normal Operations overall display a positive variance of $76 K. There were meaningful negative variances in Property and Liability Insurance, as previously detailed, along with Mowing, brought about by an earlier and hotter summer, and irrigation repair and maintenance. .  Project Driven The project driven line items display a positive variance of $82K, exclusive of the wall restorations and wall reconstruction projects which, as suggested by Vice Chair Oneal, have properly been reclassified as Signature line items. These will be funded from the assigned funds by amendment at fiscal year-end   Sources of Funds Cash Balance 6/30/2024                                                $ 5,081 Collected May (Pd June)                                                       31 Collections Prior to Dec 2024 Receipts                                  7 Total Sources of Funds                                                   $ 5,119   Uses of Funds Bal FY 2023-24 Expenses                                ( $1,032) Weather Damage                                                     (400) Community-Wide Wall & Monument                     (100) Pond Improvements/Restoration                             (700) 1st Qtr FY 2023-24 Expenses Operations              (679) Infrastructure Replacement Contingency                 (135) TP Signature Projects (unspent) _____________   (329)                                                                                        ($ 3,375)  Projected Unallocated Balance Dec, 2024                    $1,744    Outlook The District outlook is consistent with the FY 2023-24 budget. There are no known significant budget variances that suggest performing otherwise.

The CDD Board of Supervisors Meets Monthly (Usually Not Meeting in Dec)   When: 6:00 PM, 2nd Wednesday of Each Month Place: Compton Park General Purpose Room 16101 Compton Drive 813 977-3337 Contact Information CDD Office 16311 Tampa Palms Bvd Tampa, Fl 33647 813 977-3933 813 977-6571 FAX CDD.Tampa@verizon.net