3-TRAILS VILLAGE COMMUNITY IMPROVEMENT DISTRICTFINANCIAL SUMMARYJANUARY 31, 2OO8

TO:

FROM:

DATE:

SUBJECT:

FORECAST

3-Trails Village CID Board of Directors

Mary Norman/Lou Austin

February 1 8, 2008

CID Financial Summary forthe period ending January 31, 2008

Through the remaining portion of the CID's fiscal year ending April 30, 2008, there isapproximately $742,843.44 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.

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 eouals 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 Exoenses- YTD vs. Last YTDSchedule A - Request(s) for New Commitments(s)Schedule B - Sales Tax CharlSchedule C - Project Funding Status

3-TRAI LS VI LLAG E COMMU N ITY I MPROVEM ENT D I STRICTFINANCIAL SUMMARYTREASURER'S REPORT MEMOJANUARY 31, 2OO8

REVENUES

Over $ 308,920.84Comments: None this Period.

EXPENSES

Administrative:

Over $ 13,990.02Comments: None this Peirod.

lmage/Marketing:

Under $ 25,785.83Comments: None this Period.

Transportation:

Over $ 92,330.89Comments: None this Period.

lnvestment:

Under $ 9,000.00Comments: None this Period.

Maintenance:

Under $ 18,150.67Comments: None his Period.

3-TRAILS VILLAGE COMMUNITY IMPROVEMENT DISTRICTFINANCIAL SUMMARYBUDGET VS. ACTUALJANUARY 31, 2OO8

ANNUALBUDGET ACTUAL YTD

YTDBUDGET

$ OVER (UNDER) $ OVER (UNDER)BUDGETYTD BUDGETANNUALINCOME

23Yo R.E. SPECIAL ASSESSMENT--53% SALES TAX24% INTEREST

USE TAXOTHER INCOMEDONATIONS

$$s$

$$

$$s$$o

51,000.00120,000.0054,000.00

70,087.493s3,113.7250,21 9.63

34,000.0090,000.0040,500 00

36,087.49263,113.72

n,trr,:a

'19,087.49

233,113.72(3,780.37)

$

$a

$ss$$$

U$e

$

100%

EXPENSE

$ 22s,000.00 $ 473,420.84 $ 164,500.00 308,920.84 248,420.84

49% ADMINISTRATIVE

22o/o IMAGEIMARKETING

6% TRANSPORTATIONROADSTRAILSPUBLIC TRANSITINTERMODEL

s

$

c

$

$

$

$

s

$

$

$

o

$

$$

$

$

$

1 10,000.00

50,000.00

4,660.004,680.001,820.00

96,490.01

11 ,714 .16

36,836.9563,5s6.4s

'1.667.50

62,499.99

37,499.99

3,510.003 ,510 .001,365.01

13,990.02

(25,765.83)

33,326.9s60,046.45(1 ,36s.01)

322.50

(13,s09.99)

(38,285.84)

32,1 56.9556,876.45(1,E20.00)

1'1 .820.00

13,000.00 102,080.90 9,750.01 92,330.89 89,080.90

5% INVESTMENTcAptTAL|MPROVEMENTS $ 12,000.00 $ - $ 9,000.00 $ (9,000.00) $ (12,000.00)

G M N r s $ - $ - $ - $ $

$ 12,000.00 $ $ 9,000.00 $ (e,000.00) $ (12,000.00)

18% MAINTENANCE $ 4o,00o.oo $ |1,849.34 $ 30,000.01 $ (18,1s0.67) $ (28,1s0.66)

1U.41 $ 166,7s0.00 $

NOTES: SALES TAX - 10.000.00 per month One-half cent

INTEREST -

120,000.00

4,500.00 per month

$ s4,ooo.oo

.. 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 January 31, 2008

Jan 31, 08

ASSETSGurrent Assets

Ghecking/Savings1001 .Checking1021 ' Money Market1099 .Sales Tax Receivable

Total Ghecking/Savings

Total Gurrent Assets

Fixed Assets1199 . Other Property/Equipment

Total Fixed Assets

Other AssetsReal Estate

1211 . Land

Total Real Estate

Total Other Assets

TOTAL ASSETS

LIABILITIES & EQUIWLiabilities

Current LiabilitiesAccounts Payable

2000. "Accounts Payable

Total Accounts Payable

Other Gurrent Liabilities2400 . Reserve for Encumbrances

2441 .Transportation

Total 2400 . Reserve for Encumbrances

2500 . Capital lmprovement Sink Fund2521 ' lnvestment2531 .Maintenance2551 .Other

Total 2500 ' Capital lmprovemenl Sink Fund

Total Other Current Liabilities

Total Gurrent Liabilities

Total Liabilities

Equity2900 . Unreserved General Funds3900 . Retained EarningsNet lncome

Total Equity

TOTAL LIABILITIES & EQUITY

1,727,163.85

277,353.00

277,353.00

2,008,366.85

64,661.34

401,675.00

912,904.08

977,565.42

1,030,801.43

2,008,366.85

119,442.181,521,664.03

86,057.64

1,727,163.85

3,850.00

3,850.00

277,353.00

64,661.34

511,229.08

511,229.08

25,000.001,675.00

375,000.00

977,565.42

105,661.80673,853.20251,286.43

Page I

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

January 2008

Jan 08 May'07 - Jan 08

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

Total lncome

Expense4000 'Administrat ive

4003 . Accounting/Audit4009 .Advertising

4015' Conferences/Meetings4017 'Consult ing Fees4019 . Gontract Services4021 . Dues/Subscriptions4023 . Electricity4 0 2 9 . G a s4031 . lnsurance-Public Officials4033 . Insurance-Gen'l Liability/E & O4035 . Interest Expense4039 . Legal Fees4043' Licenses, Fees & Permits4045 .Meals

4050.Rent4052'Off ice Supplies4056. Postage & Delivery4060 . Printing4070 .Telephone

4090 .Website

Total 4000 . Administrative

5000' lmage/Marketing Program5100 . Master Plan - GID

5120 . Master Plan5100 ' Master Plan - GID . Other

Total 5100 ' Master Plan - GID

5200 . Economic Incentives5230 . Education

Total 5200 . Economic Incentives

Total 5000 . lmage/Marketing Program

6000 . Transportation Program6100' Roads

61 05' Consult ing/Studies6130 . Roundabout (93rd Street)

Total 6100 . Roads

6200 .Trai ls

6205 . Gonsulting/Studies

Total 6200 .Trai ls

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

46,753.3185,576.394,878.42

70,087.49353,113.7250,219.63

137,208.12

300.0036.000.000.00

547.950.00

146.9443.720.000.000.00

4,639.020.00

50.795,100.00

0.0045.960.007.45

164.90

473,420.84

9,983.25252.00

1,307.561 ,127 .00

35.002,260.43

484.0410,375.004,024.00

5.0029,957.56

100.00434.29

30,900.00187.84455.09234.00126.07

1,456.33

11,082.73 96,490.01

0.00270.00

8,294.412,399.75

0.00

270.00

0.00

10,694.16

1,020.00

1,020.00

270.00

590.00

1 1 , 7 1 4 . 1 6

0.0030,000.00

30,000.00

63,556.45

63,556.45

1,687.50

A R?A Oq

30,000.00

36,836.95

63,556.45

63,556.45

1,687.50

95,243.95

0.000.00

590.000.00

102,080.90

25.00194.80

9,709.971 ,919.57

11,849.34

107,186.68 222,134.41

30,021.M 251,286.43

Page 1

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

May'07 - Jan 08

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

Total lncome

Expense4000 .Administrat ive

4003 . Accounting/Audit4009 .Advertising

401 5 . Conferences/Meetings4017'Consult ing Fees4019 ' Contract Services4021' Dues/Subscript ions4023' Electr ici ty4 0 2 9 . G a s4031 . lnsurance-Public Officials4033 . Insurance-Gen'l Liability/E & O4035 . Interest Expense4039 . Legal Fees4043 . Licenses, Fees & Permits4045' Meals4047 . Memberships4050' Rent4052 . Office Supplies4056. Postage & Delivery4060 . Printing4062 . Professional Services4064' Publications4070 .Telephone

4090 .Website

Total 4000 . Administrative

5000 . lmage/Marketing Program5025 . Marketi ng/Advertising5030 . Promotion/special Events5100 . Master Plan - CID

5110 . Consult ing/Studies5120 . Master Plan5199 ' Other Expenses5100 ' Master Plan - GID - Other

Total 5100 ' Master Plan - CID

5200 . Economic Incentives5230 . Education

Total 5200 . Economic Incentives

5000 . lmage/Marketing Program - Other

Total 5000 . lmage/Marketing Program

6000 . Transportation Program6100 . Roads

6105 . Consulting/Studies6110.87 th St ree t6130 . Roundabout (93rd Street)

Total 6100 . Roads

6200 .Trai ls

6205 . Gonsulting/Studies6215 . 93rd Street

Total 6200 'Trai ls

6300 . Public Transit6320' Transit Stops

3 TRAILS VILLAGE GOMMUNITY IMPROVEMENT DISTRIGT

May'06 - Jan 07

70,087.49353,113.7250,2'19.63

0.00

86,852.41603,588.1 535,936.1320,817.10

473,420.84

9,983.25252.00

1,307.561,127.002,785.55

35.002,260.43

484.0410,375.004,024.00

5.0029,957.56

100.00434.29

0.0030,900.00

187.84455.09234.00

0.000.00

126.071,456.33

747,193.79

10,048.62407.16

0.0025.95

1,732.710.00

2,072.90399.01

5,400.007,932.00

0.0041,745.99

0.0091.17

325.0026,000.00

ovo.o /738.57512.8265.00

182.55239.85

2,622.20

96,490.01 101,438.17

-2,650.00834.s9

6,750.2117,551.221,437.11

0.00

25,738.54

1,684.25

1,684.25

45.60

25,652.98

234.691,742.95

0.00

1,977.64

16,367.5016,200.00

32,567.50

22,930.00

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

6,836.950.00

30,000.00

36,836.95

63,556.450.00

63,556.45

0.00

Page 1

. : . , : , . : : - i . i . , : _ i : : : : . i i l : . * . j . j t : . : : : : : : t l , . t : . . .

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

May 2007 through January 2008

May'07 - Jan 08

0.00

1,687.50

May'06 - Jan 07

Total 6300 . Public Transit

6000 . Transportation Program - Other

Total 6000' Transportation Program

7000' lnvestment Program7100 . Gapital lmprovements

7'115 . Fire Station 417120 .Schumacher Park7199 .Other Gapital lmprovements

Total 7100 . Gapital lmprovements

7300 .Grants7305' Consulting/Studies

Total 7300 .Grants

Total 7000. Investment Program

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

Total 8000. Maintenance Program

Total Expense

Net lncome

22,930.00

0.00

102,080.90

0.00

57,475.14

0.000.000.00

7,203.6925,000.00

500,000.00

0.00

532,203.69

375,00

0.00

0.0025.00

194.809,709.97

0.001,919.57

532,578.69

662.500.00

19,339.3020,987.61

270.350.00

0.00

11,8/.9.34 41,259.76

222.134.41 758.404.74

251,286.43 -11,210.95

Page 2

3-TRAILS VILLAGE COM MUN ITY IMPROVEMENT DISTRICTFINANCIAL SUMMARYScHEDULE A - REQUEST(S) FOR NEW COMMTTMENTSJANUARY 31. 2OO8

Unrestricted Funds Available as of January 31,2008 $ 742.843.44

PROGRAM: AGCOUNTCODE:

PROJECT DESGRIPTION:

TOTAL PROJECT GOST:

AMOUNT REQUESTED:

LEVERAGE ANALYSIS:

BUDGETED: YES NO

CID FUNDS

FUNDS FROM:

%

Yo

Unrestricted Funds Available After this Request $ 742.843.44

PROGRAM:

PROJECT DESCRIPTION:

IOTAL PROJECT COST:

AMOUNT REQUESTED:

LEVERAGE ANALYSIS:

ACCOUNT GODE:

BUDGETED: YES NO

CID FUNDS

FUNDS FROM

Yo

%

Unrestricted Funds Available After this Request $ 742.843.44

PROGRAM:

PROJEGT DESCRIPTION:

TOTAL PROJECT COST:

AMOUNT REQUESTED:

LEVERAGE ANALYSIS:

ACCOUNT CODE:

BUDGETED: YES NO

CID FUNDS

FUNDS FROM

%

%

Unrestricted Funds Available After this Request $ 742.843.44

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