July 11th, 2023 – Annual Budget Meeting Minutes

Budget Meeting

 

 TARAWOOD SPECIAL DEPENDENT TAXING DISTRICT No. 32

MINUTES for District Budget Hearing
July 11th, 2023 – 3103 Tarabrook Dr, Tampa, FL 33618

President Morgado called the Annual TSDTD Budget Hearing to order at 8:18 PM.  Trustees attending included: Stoney Morgado, Ben Golson, James Osborne, Bob Terri, James Carey, Ronnie Bennick, and Daniel Cinquegrano. The attendees constituted a quorum.  No property owners were in attendance, so there was no public comment. 

President Morgado made opening announcements:

  • The public meeting is open to all Tarawood residents
  • To present, discuss, and approve the FY24 stated budget
  • To adopt the resolution, and maintain the assessment to $250

President Morgado presented the FY 24 Budget. Using the fund balance form, it is estimated that we will have a balance of $8,988 into the next fiscal year. The budget categories and proposed expenditures are:

  • Accounting
    • $825 for end of Fiscal Year 23 Annual Financial Report
  • Communication Services
    • $300 for P.O. box, website domain, & postage to notify residents of unaudited financial report
  • Utility Services
    • $500 for electricity at entrances and irrigation pump
  • Insurance
    • $300 for Surety Bond for Pres/VP/Treasurer
  • Printing and Binding
    • $100 for printing and envelopes
  • Repair and Maintenance Services
    • $5,700 Common area mowing
    • $2,640 Algecide in pond
    • $8,364 Street sweeping
    • $3,244 improvements to common area
    • $7,000 cleanup/improvement to landscaping of entrances
    • $1,000 community library box
    • $2,000 community announcement boxes at entrances 
  • Other Current Charges and Obligations
  • $500 Two required ads FY24 meetings, monthly meeting place and budget hearing meeting
  • $175 Special District Fee to Hillsborough County
  • Budget Transfers
    • $1040 fee to Hillsborough County

Trustee Morgado asked if there was any further public comment regarding the proposed budget, of which there was none.  Trustee Morgado moved to close the public comment. The motion was seconded by Trustee Terri and approved by the Board unanimously.

Trustee Morgado then moved to approve the FY 24 Budget, adopt the resolution and maintain the assessment rate at $250. Trustee Terri seconded the motion. The motion was approved unanimously. President Morgado then moved to adjourn the hearing. Trustee Terri seconded the motion and the motion was approved unanimously.

There being no other business, the meeting was adjourned at 8:40 PM.

Respectfully submitted,

James Osborne Stoney Morgado

Secretary President