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3-TRAILS VILLAGE COMMUNITY IMPROVEMENT DISTRICTFINANCIAL SUMMARYSEPTEMBER 30.2OO7

TO:

FROM;

DATE:

SUBJECT:

FORECAST

3-Trails Village CID Board of Directors

Mary Norman/Lou Austin

October 15,2007

CID Financial Summary for the period ending September 30,2007

Through the remaining portion of the CID's fiscal year ending April 30, 2008, there isapproximately $616,672.08 available at the Board's discretion after all committed projectsand expected Administrative expenses are paid. This forecast assumes that all currentproyects will be on budget and reflecls a 50% future revenue reserve.

1 , 5 3 1 , 3 8 1 .

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

OTHER *** Additional revenues and administrative expenses were derived from proposedCID amended budget attached to this financial summary as Budget vs. Actual.*Net available funds equals 50% of additional revenue expected less administrativeexpense through end of accounting period plus current unrestricted funds.

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 ChartSchedule C - Grant Funds Summarv

S-TRAI LS VILLAGE COMMUNIW I MPROVEMENT DISTRICTFINANCIAL SUMMARYTREASURER'S REPORT MEMOSEPTEMBER 30,2OO7

REVENUES

Over $ 136,504.07Comments: None this period.

EXPENSES

Administrative:

Over $ 4,935.18Comments: None this peirod.

lmage/Marketing:

Under $ 12,538.90Comments: None this period.

Transportation:


Investment:


Maintenance:

Under $ 6,612.35Comments: None his period.

3-TRAILS VILLAGE COMMUNITY IMPROVEMENT DISTRICT

FINANCIAL SUMMARYBUDGET VS. ACTUALSEPTEMBER 30,2OO7

INCOME

ANNUALBUDGET ACTUAL YTD

YTDBUDGET

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

23O/O R.E. SPECIAL ASSESSMENT-'53% SALES TAX24olo INTEREST

USE TAXOTHER INCOMEDONATIONS

$s$$s

$$$$$$

$$iD

s$

e

$$

$$

$$e

$$$

51,000.00120,000.0054,000.00

7,614.41171 ,931 .3829,45E2E

50,000.002zfiO.OO

7,614.41121,931 .3E'u*i'

(43,38s.s9)51 ,931.36(24,V1.72)

100%

EXPENSE

$ 225.000.00 $ 209.004.07 $ 72,5oo.oo 136,504.07 (1 s,995.93)

49olo ADMINISTRATIVE

22Vo IMAGEIMARKETING

60lo TRANSPORTATIONROADSTRAILSPUBLIC TRANSITINTERMODEL

$ 110,000.00

$ s0,000.00

$ 50,768.49

$ 8,294.41

$ 45,833.31

$ 20,E33.31

$ 4,93s.16 $

$ (12,s38.e0) $

(ss,231.s1)

(41,70s.s9)

$ 4,6E0.00 $$ 4,6E0.00 $

- $ l,eso.oo $ (1,eso.oo) $ (4,680.00)- $ 1,es0.00 $ (1 ,sso.oo) $ (4,6Eo.oo)

$ 1,S20.00 $ - $ 7sE.3s $ (7sE.3s) $ (1'620.00)$ 1.E2o.oo $ $ 7sE,34 $ (256.34) $ (1 ,E20.00)

5% INVESTMENTCAPITAL IMPROVEMENTSGRANTS

$ 13,000.00 $ $ s,416.69 $ (s,416.6e) $ (13,000.00)

$ 1 2 , 0 0 0 . 0 0 $ $ 5 , 0 0 0 . 0 0 $ ( s , 0 0 0 . 0 0 ) $ ( 1 2 ' 0 0 0 . 0 0 )$ $ - $ - $ - $

1E% MAINTENANCE

$ 12,000.00

$ 40,000.00

$ $ s , 0 0 0 . 0 0 $ ( s , 0 0 0 . 0 0 ) $ ( 1 2 , 0 0 0 . 0 0 )

$ 10,054.34 $ 16,666.69 $ (6,612.3s) $ (29

NoTES: SALES TAX -

INTEREST -

$ 10,000.00 per month One-half cent

s

$

120,000.00

4,500.00 per month

$ 9,000.00

,, This activity will accrue monthly on the budget. The revenues are not antioipated to start being recognized until Deoember of 2006.

Expense: Assumes same administrative expense as prior year, excspt for reduction in insurance of $5,000 and a reduction in legal of $23,000'

3 TRAILS VILLAGE GOMMUNIry IMPROVEMENT DISTRICTBalance Sheet

As of October 9.2007

Oct 9, 07

ASSETSCurrent Assets

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

Total Ghecking/Savings

Other Gurrent Assets1080' Prepaid Expenses

Total Other Gurrent Assets

Total Gurrent Assets

Fixed Assets1199 ' Other Property/Equipment

Total Fixed Assets

Other AssetsReal Estate

121'l 'Land

Total Real Estate

Total Other Assets

TOTAL ASSETS

LIABILITIES & EQUITYLiabilities

Current LiabilitiesAccounts Payable

2000' *Accounts Payable

Total Accounts Payable

Other Gurrent Liabilities2300 'Accrued Expenses2400 ' Reserve for Encumbrances

24/-1 .Transportation

Total 2400 ' Reserve for Encumbrances

2500 'Gapital lmprovement Sink Fund2521 . lnvestment2531 'Mainienance2551 .Other

Total 2500 . Gapital lmprovement Sink Fund

Total Other Gurrent Liabilities

Total Gurrent Liabilities

Total Liabilities

Equity2900 ' Unreserved General Funds3900 . Retained EarningsNet lncome

Total Equity

TOTAL LIABILITIES & EQUITY

122,791.971 ,390,1 19.93

18,073.47

1,530,985.37

8,302.00

8,302.00

1,539,287.37

3,850.00

3,850.00

277,353.00

277,353.00

277,353.00

1,820,490.37

6,701.62

6,701.62

3,379.80

481,229.08

481,229.08

25,000.001,675.00

375,000.00

401,675.00

886.283.88

892.985.50

892,985.50

105,661.80682,246.24139,596.83

927,504.87

1,820,490.37

Page 1

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

September 2007

Sep 07 May - Sep 07

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

Total Income

Expense4000 ' Administrative

4003' Accounting/Audit4009 ' Advertising40{ 5 . Gonferences/Meetings4017'Consulting Fees4019 ' Gontract Services4023 . Electricity4029 .Gas4039. Legal Fees4043'Licenses, Fees & Permits4050' Rent4052 . Office Supplies4056' Postage & Delivery4060 .Printing4070 .Telephone4090'Website

Total 4000 . Administrative

5000' lmage/Marketing Program5100' Master Plan - GID

5120' Master Plan

Total 5100 . Master Plan - CID

Total 5000' lmage/Marketing Program

8000' Maintenance Program8020' Streetscape/Landscaping8025 . Mowing/V\lateri ng Maintenance8060.FS41 Landscape

Total 8000 . Maintenance Program

Total Expense

Net Income

0.0018,O73.476 ,156 .17

7,614.41171 ,931 .3829,458.28

24,229.64

481.250.000.000.00

25.95309.31

43.726,701.62

0.002,600.00

0.0055.200.00

34.8579.95

209,004.07

5,558.75144.00't22.50

1,082.801,405.751,448.40

293.7425,934.16

100.0013,000.00

12'�t.64180.37210.0034.85

1 ,131 .53't0,331 .85 50,768.49

8,294.41 8,294.41

8,294.41 8,294.41

8,294.41

0.001,868.25

0.00

8,294.41

194.807,939.971 ,919.57

1,868.25 10,054.34

20,494.51 69,117.24

3,735.13 1 39,886.83

Page 1

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

May through September 2007

May - Sep 07 May - Sep 06

lncome3100 . R.E. Special Assessment3200 .Sales Tax3300 .lnterest3500 . Use Tax

Total Income

Expense4000 .Administrative

4003 . Accounting/Audit4009 .Advertising401 5 . Gonferences/Meetings4017 .Gonsulting Fees4019 . Gontract Services4023 .Electricity4029 'Gas4039' Legal Fees4043.Licenses, Fees & Permits4050. Rent4052 . Office Supplies4056. Postage & Delivery4060 . Printing4062' Professional Services4064' Publications4070'Telephone4090 'Website

Total 4000' Administrative

5000' lmage/Markeling Program5025' Marketing/Advertising5030' Promotion/special Events5100 ' Master Plan . CID

51 1 0' Gonsulting/Studies5120. Master Plan5199 . Other Expenses

Total 5100 . Master Plan - CID

5200 . Economic Incentives5230 . Education

Total 5200 . Economic lncentives

Total 5000 . lmage/Marketing Program

6000' Transportation Program6200 .Trails

6205 . Gonsulting/Studies6215.93rd Street

Total 6200 .Trails

6300 . Public Transit6320 'Transit Stops

Total 6300 . Public Transit

Total 6000 . Transportation Program

7000 . Investment Program7100 . Gapital lmprovements

7115. Fire Station 417120 .Schumacher Park7199 . Other Gapital lmprovements

Total 7100 .Gapital lmprovements

7300'Grants7305 . Gonsulting/Studies

Total 7300 . Grants

50,768.49

0.000.00

0.008,294.41

0.00

8,294.41

0.00

8,294.41

0.00

0.00

39,102.22

-2,650.00834.59

2,500.0014,405.70

973.61

17,879.31

583.00

583.00

16,646.90

16,000.0016,200.00

32,200.00

22,930.00

22,930.00

55,130.00

7,614.41171 ,931 .3829,458.28

0.00

0.00357,154.0218,036.522,370.04

209,004.07

5,558.75144.00122.50

1,082.801,405.751,448.40

293.7425,934.16

100.0013,000.00

121.64180.37210.00

0.000.00

34.85'1 ,1 3'1 .53

377,560.58

7,637.75335.1 6

0.0025.95

307.351,264.05

192.6414,006.15

0.0013,000.00

801.53385.2239.1 765.00

182.55239.85619.85

0.000.00

0.00

0.00

0.000.000.00

5,977.5025,000.00

500,000.00

0.00 530,977.50

375.000.00

0.00

Page 1

Revenues and Expenses - YTD vs. Last YTDMay through September 2OO7

May - Sep 07 May - Sep 06

Total 7000 . Investment Program

8000 . Maintenance Program8005 . Gonsulting/Sludies8020 . Streetscape/Landscaping8025 . MowingMatering Maintenance8030'Security8060.FS41 Landscape

Total 8000' Maintenance Program

Total Expense

Net lncome

3 TRAILS VILLAGE COMMUNITY IMPROVEMENT DISTRIGT

0.00194.80

7,939.970.00

1,919.57

531,352.50

662.5011,793.0011,555.60

25.950.00

24,037.05

69,117.24 666,268.67

139,886.83 -288,708.09

Page2

3-TRAILS VI LLAGE COMMUN ITY I M PROVEMENT DISTRICTFINANCIAL SUMMARYSCHEDULE A - REQUEST(S) FOR NEW COMMITMENTSSEPTEMBER 30,2OO7

ffi as of September 30, 2oo7 $ 616 ,672.08

PROGRAM:

PROJECT DESGRIPTION:

ACCOUNT CODE:

TOTAL PROJECT COST:

AMOUNT REQUESTED:

LEVERAGE ANALYSIS:

BUDGETED:

CID FUNDS

FUNDS FROM:

YES NO

%

%

Unrestricted Funds Available After this Request $ 616 ,672.08

PROGRAM:

PROJECT DESCRIPTION:

TOTAL PROJECT GOST:

AMOUNT REQUESTED:

LEVERAGE ANALYSIS:

ACCOUNT GODE:

BUDGETED:

CID FUNDS

FUNDS FROM

YES NO

%

%

Unrestricted Funds Available After this Request $ 616 .672.08

PROGRAM:

PROJECT DESCRIPTION:

TOTAL PROJECT COST:

AMOUNT REQUESTED:

LEVERAGE ANALYSIS:

ACCOUNT GODE:

BUDGETED:

CID FUNDS

FUNDS FROM

YES NO

Yo

o/o

Unrestricted Funds Available After this Request $ 616,672.08

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