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 Nov. 12, 2024

Tampa Palms CDD Board Financial Analysis June, 2024 Meeting (FY Oct 1, 2023 - Sept 30, 2024)              Period Ending September 30, 2024      Executive Summary As of  September 30, 2024, The District has cash balances, net of liabilities, of $4.3 M; this concludes the reporting for FY 2023-24. District budgeted financials remain within budget for the FY 2023-24. After estimating the 1st quarter expenses and including community reserves and contingencies (see below), there are sufficient funds to conduct the business of the community for the foreseeable future. Note:  there exists  $ 1.7 M remaining funds which are unallocated, a four-month safety factor FY 2023-24 YTD Budget Performance Revenue As of September 30th, the District collected 100.4% of the assessments and a combined total of $3.2M including the interest income from both the ICS & Wealth accounts for $192,480 MORE than budgeted revenue making the use of carry-forward revenue originally budgeted unnecessary. Expenses The general and project expenses together finished below budget by $1.6K even with the wall restorations included, making planned use of reserve funds unnecessary.    Administrative expenses were 4.5% under budget.    Field & Operations were 2% under budget.    Projects were 8.5% over budget, including wall restorations .   Sources of Funds Cash Balance 7/31/2024                                                $ 4,269 Collections Prior to Dec 2024 Receipts                                  0 Total Sources of Funds                                                   $ 4,269   Uses of Funds Bal FY 2023-24 Expenses                                    ( $ 0) 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)                                                                                        ($ 2,343)  Projected Unallocated Balance Dec, 2024                     $1,719    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