3-TRAILS VILLAGE COMMUN ITY I MPROVEMENT DISTRI CTFINANCIAL SUMMARYFEBRUARY 29,2008

TO: 3-Trails Village CID Board of Directors

FROM: Mary Norman/Lou Austin

DATE: March 18, 2008

SUBJECT: CID FinancialSummaryforthe period ending February 29,2OO8

FORECAST Through the remaining portion of the CID's fiscal year ending April 30, 2008, there isapproximately $792,922.59 available at the Board's discretion after all committed projectsand expected Administrative expenses are paid. This forecast assumes that all currentprojects will be on budget and reflects a 50% future revenue reserve.

Cash Balance as of February 29,2008 $ 1 ,706,197.72Less Outstanding Commitments & Liabilities $ (912.904.08)Uurrent Unrestricted Funds $ 793.293.64qoofionar Kevenue Expected through April '08 sAdmin. Expense Expected Through April '08 $ (742.11qvailable Funds Through April '08

$ 792,551.53Available Funds Discounted 50% $ (371 .05Net Available Funds Through April '08

v 792.922.59

COMMITMENTS No new commitments were made at the last Board meetino.

orHER :::,fli1x,:r,ir::r;1s::di[i,r,:x*iunri*!;ii:]i.lilj,r""

expense through end of accounting period plus current unrestricted funos.

FINANCIAL REPORTS ENCLOSED

Treasurer's Report MemoBudget vs. ActualBalance SheetRevenues and Expenses- Current Month vs. yTDRevenues and Expenses- yTD vs. Last yTDSchedule A - Request(s)for New Commitments(s)Schedule B - Sales Tax CharlSchedule C - Project Funding Status

I

, .

3-TRAI LS VILLAG E COM MU N ITY I MPROVEMENT DI STRICTFINANCIAL SUMMARYTREASURER'S REPORT MEMOFEBRUARY 29,2008

REVENUES

Over $ 343,283.93Comments: None this period.

EXPENSES

Administrative:

Over $ 17,591.23Comments: None this peirod.

lmage/Marketing:

Under $ 29,952.50Comments: None this period.

Transportation:

Over $ 92,147.56Comments: None this period.

lnvestment:

Under $ 10,000.00Comments: None this period.

Maintenance:

Under $ 21,484.00Comments: None his period.

r t : : : ! , . . l ' . ' , : : - ' , t : r : : . r ' : : -

3-TRAILS VILLAGE COMMUNITY IMPROVEMENT DISTRICTFINANCIAL SUMMARYBUDGET VS. ACTUALFEBRUARY 29,aOOE

INCOMEANNUALBUDGET ACTUAL YTD

YTDBUDGET

$ OVER (UNDER) $ OVER (UNDER)BUDGETYTD BUDGETANNUAL

23o/o R.E. SPECIAL ASSESSMENI.53o/o SALES TAX24olo INTEREST

USE TAXOTHER INCOMEDONATIONS

$

$

$

s

s$$$

$$$e

ss

$

$$$$$

$e

$$$$

5't,000.00120,000.0054,000.00

79,606.63396,7U.12

54,39236

42,500.00100,000.0045,000-00

37,106.E3296,784.12

9,392J6

28,606.83276,7U.12

392.98

IOOYo

EXPENSE

$ 225,000.00 530,783.93 $ 167,500.00 343,283.93 305,783.93

49% ADMINISTMTIVE

22% IMAGEIMARKETING

6% TMNSPORTATIONROADSTRAILSPUBLIC TRANSITINTERMODEL

4,680.00 $4,6E0.00 $1,E20.00 $1,620.00 $

$

o

$

$

o

$$$

s

$

o

$$

s

$$

s

$$$

110 ,000 .00

50,000.00

'109,257.E9

11 ,714 .16

37,736.9563,556.45

' t ,667.50

91,666.66

41,666.66

3,900.003,900.001 ,516 .671 ,516 .67

17 ,591.23

(2s,ss2.s0)

2? R2A Oq

s9,656.45(1 ,s16.67)

170.83

(742.11)

(38,285.84)

33,056.955E,E76.45(1,820.00)

(132.s0)

13,000.00 $ 102,980.90 10,633.34

10,000.00

92,147.56

(1 0,000.00)

89,980.90

(1 2,000.00)5% INVESTMENT

CAPITAL IMPROVEMENTSGMNTS

$ 12,000.00 $$ $

$$

e

18% MAINTENANCE

$

$

12,000.00

40,000.00 11,Ug.U

10,000.00

33,333.34

(10,000.00) $ (12,000.00)

(21 ,484 .oo) $ (28 , 1 s0 . 66 )

lOOo/o $ 225,000.00 $ 23s.E02.29 $ 187,500.00 4e3O2.29 $ 10,802.29

NOTES: SALES TAX -

INTEREST.

$ '10,000.00 per month One-half cent

$ 120,000.00

$ 4,500.00 per month

$ 54,000.00

-. This activity will accrue monthly on the budget. The revenues are not anticipated to start being recognized until December of 2006

3 TRAILS VILLAGE GOMMUNITY IMPROVEMENT DISTRICTBalance Sheet

As of February 29,2008

Feb 29, 08

ASSETSCurrent Assets

Ghecking/Savings1001 .Ghecking1021 .Money Market1099 .Sales Tax Receivable

Total Ghecking/Savings

Total Gurrent Assets

Fixed Assets'l {99 . Other Property/Equipment

Total Fixed Assets

Other AssetsReal Estate

1211 .Land

Total Real Estate

Total OtherAssets

TOTALASSETS

LIABILITIES & EQUITYLiabilities

Curent LiabilitiesOther Gurrent Liabilities

2400 ' Reserve for Encumbrances22141 .Transportation

Total 2400 ; Reserye for Encumbrances

2500 . Gapital lmprovement Sink Fund2521 . lnvestment2531 .Maintenance2551 .Other

Total 2500 .Gapital lmprovement Sink Fund

Total Other Current Liabilities

Total Current Liabilities

Total Liabilities

Equity2900 .Unreserved General Funds3900 . Retained EarningsNet Income

Total Equity

TOTAL LIABILITIES & EQUITY

1,706,197.72

277.353.00

277,353.00

't,987,400.72

511,229.08

401,675.00

912,904.08

912,904.08

1,074,496.64

1,987,400.72

136,689.941,525,837.38

43,670.40

1,706,197.72

3,850.00

3,850.00

277,353.00

511,229.08

25,000.001,675.00

375,000.00

912,904.08

105,661 .80673,853.20294,981.64

Page 1

3 TRAILS VILLAGE COMMUNITY IMPROVEMENT DISTRICTRevenues and Expenses - Gurrent Month vs. YTD

February 2008

Feb 08 May'07 - Feb 08

lncome3100 . R.E. Special Assessment3200 .Sales Tax3300 . Interest

Total lncome

Expense4000 .Administrative

4003 . Accounting/Audit4009 .Advertising401 5 . Conferences/Meetings4017 .Consulting Fees4019 . Contract Services4021 . Dues/Subscriptions4023 . Electricity4029 .Gas4031 . Insurance-Public Officials4033. Insurance-Gen'l Liability/E & O4035 . Interest Expense4039 . Legal Fees4043.Licenses, Fees & Permits4045'Meals4050 .Rent4052 .Office Supplies4056.Postage&Del ivery4060 . Printing4070'Telephone4090 .Website

Total 4000 . Administrative

5000 . lmage/Marketing Program5100' Master Plan - CID

5120 . Master Plan5100 ' Master Plan . CID - Other

Total 5100' Master Plan - GID

5200 . Economic lncentives5230 . Education

Total 5200' Economic lncentives

Total 5000 . lmage/Marketing Program

6000 . Transportation Program6100 . Roads

6105 . Consulting/Studies6130 . Roundabout (93rd Street)

Total 6100' Roads

6200 .Trails6205 . Consulting/Studies

Total 6200 'Trails

6000 .Transportation Program - Other

Total 6000 . Transportation Program

8000 . Maintenance Program8015' Litter/Graffiti8020 . Streetscape/Landscaping8025 . MowingMatering Maintenance8060.FS41 Landscape

Total 8000 . Maintenance Program

Total Expense

Net lncome

9,519.3443,670.404,173.35

79,606.83356,784.1254,392.98

57,363.09

0.000.00

500.000.00

251.910.00

192.610.000.000.000.00

6,569.340.000.00

5,100.0099.1 854.840.000.000.00

530,783.93

9,983.25252.00

1,807.561 ,127 .003,037.46

35.002,453.04

484.0410,375.004,024.00

5.0036,526.90

100.00434.29

36,000.00287.02509.93234.00126.07

1,456.33

12,767.88 109,257.89

0.000.00

8,294.412,399.75

0.00

0.00

0.00

10,694.16

1,020.00

1,020.00

0.00 1 1 , 7 1 4 . 1 6

900.000.00

7,736.9530,000.00

37,736.95

63,556.45

63,556.45

1,687.50

0.00

900.00

0.00

0.00

0.000.000.000.00

900.00

0.00

102,980.90

25.00194.80

o 7no 07

1 ,919.57

11,849.34

13,667.88 235,802.29

43,695.21 294,981,64

Page 1

3 TRAILS VILLAGE COMMUNITY IMPROVEMENT DISTRIGTRevenues and Expenses - YTD vs. Last YTD

May 2007 through February 2008

May'07 - Feb 08 May'06 - Feb 07

lncome3100 . R.E. Special Assessment3200 .Sales Tax3300 . lnterest3400. Donations3500 . Use Tax

Total lncome

Expense4000 .Administrative

4003 . Accounting/Audit4009 .Advertising401 5 . Conferences/Meeti ngs4017.Consulting Fees4019 . Gontract Services4021 . Dues/Subscriptions4023 . Electricity4029.Gas4031 . lnsurance-Public Officials4033 ' Insurance.Gen'l Liability/E & O4035 . Interest Expense4039 .Legal Fees4043 .Licenses, Fees & Permits4045 .Meals4047 . Memberships4050'Rent4052'Office Supplies4054 . Other Administrative Expenses4056.Postage&Delivery4060. Printing4062 . Professional Services4064. Publications4070'Telephone4090 .Website

Total 4000 . Administrative

5000' lmage/Marketing Program5025' Marketing/Advertisi ng5030. Promotion/special Events5100' Master Plan . CID

51 10 . Gonsulting/Studies5120 . Master Plan5199 .Other Expenses5100 . Master Plan - GID . Other

Total 5100 . Master Plan - CID

5200' Economic lncentives5230 .Education

Total 5200 ' Economic lncentives

5000 ' lmage/Marketing Program . Other

Total 5000 . lmage/Marketing Program

6000 . Transportation Program6100.Roads

61 05 . Gonsulting/Studies6110.87th Street61 30 . Roundabout (93rd Street)

Total 6100 .Roads

6200 .Trails6205' Gonsulting/Studies6215 . 93rd Street

Total 6200 .Trails

6300' Public Transit

79,606.83396,784.1254,392.98

0.000.00

88,747.91655,023.0140,773.71

274,983.0020,593.08

530,783.93

9,983.25zcz.vu

1,807.561,127.003,037.46

35.002,453.04

484.0410,375.004,024.00

5.0036,526.90

100.00434.29

0.0036,000.00

287.020.00

509.93234.00

0.000.00

126.071,456.33

109,257.89

0.000.00

0.008,294.41

0.002,399.75

10,694.16

1,020.00

1,020.00

0.00

1 1 , 7 1 4 . 1 6

1,080,120.71

10,048.62443.16

0.00129.75

2,121 .710.00

2,314.94633.57

5,400.007,932.00

0.0050,340.84

0.00212.67325.00

28,600.00896.6758.50

795.1 6761 .7265.00

182.55239.85

2,702.15

114,203.86

-2,650.00834.59

6,750.2117,551.221 ,437 .11

0.00

25,738.54

2,972.35

2,972.35

45.60

26,941.08

234.691,742.95

0.00

1,977.64

16,367.5016,200.00

7,736.950.00

30,000.00

37,736.95

63,556.450.00

63,556.45 32,567.50

Page 1

Revenues and Expenses - YTD vs. Last YTDMay 2007 through February 2008

May'07 - Feb 08

6320 .Transit Stops

Total 6300 . Public Transit

6000 .Transportation Program - Other

Total 6000' Transportation Program

7000' Investment Program7{00' Gapital lmprovements

7'115'Fire Station 4l7120 .Schumacher Park7199 .Other Capital lmprovements

Total 7100 . Gapital lmprovements

7300'Grants7305' Gonsulting/Studies

Total 7300 .Grants

Tota! 7000 ' Investment Program

8000 . Maintenance Program8005 . Consulting/Studies8015' Litter/Graffiti8020 . Streetscape/Landscaping8025 . MowingMatering Maintenance8030'Security8060.FS41 Landscape

Total 8000 . Maintenance Program

Total Expense

Nel lncome

3 TRAILS VILLAGE COMMUNIry IMPROVEMENT DISTRICT

May'06 - Feb 07

22,930.00

0.00

1,687.50

22,930.00

0.00

102.980.90 57,475.14

0.000.000.00

7,203.6925,000.00

500,000.00

0.00

0.00

0.00

532,203.69

375.00

375.00

0.0025.00

194.809,709.97

0.001,919.57

532,578.69

662.500.00

19,339.3020,987.61

192.500.00

0.00

11,849.34 41,181.91

235.802.29 772,380.68

294,981-64 307,740.03

Page2

3-TRAI LS VILLAGE COM MUN ITY IMPROVE M ENT DISTRICTFINANCIAL SUMMARYSCHEDULE A - REQUEST(S) FOR NEW COMMITMENTSFEBRUARY 29.2008

"** TRANSFORMED BARBER ACADEMY TUITION MATCH OF $25,000, CURRENT BUDGET FOR #5OOOIMAGE MARKETING HAS SUFFICIENT FUND FOR THIS EARMARK.

Unrestricted Funds Available as of February 29, 2008 s 792.922.59

PROGRAM: EDUCATION ACCOUNT GODE: 5230

PROJECT DESCRIPTION: EARMARK ONLY- TO RESERVE FUND CIDTUITION/SCHOLARSH IP ENDOWMENT

TOTAL PROJECT COST: $ 25,000

AMOUNT REQUESTED: $ 25,000 BUDGETED: YES X NO

LEVERAGE ANALYSIS: $ 25.000 CID FUNDS 5 0 %

5 0 %$ 25,000 FUNDS FROM: ***

(25,000.00

Unrestricted Funds Available After this Request $ 767.922.59

PROGRAM:

PROJECT DESGRIPTION:

TOTAL PROJECT COST:

AMOUNT REQUESTED:

LEVERAGE ANALYSIS:

ACCOUNT CODE:

BUDGETED: YES NO

CID FUNDS

FUNDS FROM

%

%

Unrestricted Funds Available After this Reouest $ 767,922.59

PROGRAM:

PROJECT DESGRIPTION:

TOTAL PROJECT GOST:

AMOUNT REQUESTED:

LEVERAGE ANALYSIS:

ACCOUNT GODE:

BUDGETED: YES NO

CID FUNDS

FUNDS FROM

%

%

rf nrestricted Funds Available After this Reouest $ /b / .922.59

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