Tampa Palms CDD Financial Information

Reported By The Chairman

    9 Months Ending June, 2010

Executive Summary

The General Fund outlook for the fiscal year remains in the range of $ 150 K favorable; Normal Operations favorable $165 K and One-Time. non-recurring…unfavorable by ($ 15 K).

General Fund Operations

      Revenue     Interest Income                         25

                         Assessments                             15

      Expenses   Normal Operations                    50

                         Renewal & Replacement          75                     165 K

One-Time Items   

                         Revenue    

                              Florida Gas Trans                400

                              Expenses   Visioning          ( 365)  

                  Freeze Damage                  (   50)                 (    15)      

The Board approved a budget revision in June for Visioning projects acceleratedinto FY 2009-10.  The June 30th General Fund budget reflects these changes.  

Sources and Uses of Funds

 Sources of Funds: Net cash

The District has net cash of about $ 2.7 million after nine months.  These monies include the $ 400 K FGT settlement.  

                                                                                          ($ 000) 

         General Fund                                                           $ 2,333

          Capital Fund                                                                  362

                  Total                                                                $ 2,695

Uses of Funds 

Our planned use of funds until meaningful cash collections resume next December:

Normal operations June to Dec. 2010                     $ 1,000

Recovery Reserve: Freeze damage                              200

                              Wind/Hurricane damage                200

I-75 mitigation reserve (FGT)                                      400

 Renewal & Replacement projects                                  45

  Visioning TP 2012                                                        465

                 Total                                                         $ 2,310