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 April 15, 2025

Tampa Palms CDD Board Financial Analysis Feb 2025 Meeting (FY Oct 1, 2024 - Sept 30, 2025)              Period Ending February 28, 2025      Executive Summary The District had a $ 6.1 million cash balance, net of liabilities, at the end of the first five months of fiscal year 2024-25. The District’s cash planning includes FY 2024-25 budgeted expenses, FY 2025-26 forecast Q1 expenses, along with other contingent liabilities that result in a forecast of an unallocated fund balance of approximately  $1.98 K at the end of calendar year 2025….. at this time. (Details provided below.) FY 2024-25 YTD Budget Performance Revenue Assessment revenue collected as of Jan is net $2.96 K (96%) which is exactly the typical on- target percentage for the collection cycle of a normal fiscal year. Note an additional $32K was received in Mar [but not reported as these are February financials]. Interest on the ICS reserves is slightly ahead of budget and the investments, as presented on the financial statements shows below-budget but this is simply due to the fact that booked earnings have not yet been realized (see Section 6.J for a full accounting.) Expenses Normal Operations   Normal Operations overall display a positive variance of $134 K. This is the result of (1) a concerted effort to minimize expenses as the CDD deals with the hurricane restoration costs and (2) timing, as Spring expenses, such as mowing and pond bank work. is reduced. Project Driven   Were the Hurricane Milton recovery expenses excluded, the projects in total [including walls] display a positive variance of $39K. With the hurricane restoration work included, the projects are trending with a negative variance of $159 K.  The amount and timing of FEMA reimbursements is unknown. There are sufficient reserve funds to handle in the interim. Forecast Budget Performance Calendar Year 2025 Sources of Funds (Shown $000) Cash Balance 12/31/2024                                              $ 6,127 Collected Jan 2025                                                                32 Collections Prior to Dec 2025 Receipts                               104 Total Sources of Funds                                                   $ 6,263   Uses of Funds Bal FY 2024-25 Expenses                                   ( $1,936) Weather Damage                                                        (400) Community-Wide Wall & Monument                         (100) Pond Improvements/Restoration                                 (700) 1st Qtr FY 2023-24 Expenses Operations                 (679) Infrastructure Replacement Contingency                    (135) TP Signature Projects (unspent) _____________      (329)                                                                               ($ 4,179)  Projected Unallocated Balance Dec, 2025                     $1,984    Outlook The District outlook is consistent with the FY 2024-25 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