3-TRAILS VILLAGE COMMUNITY IMPROVEMENT DISTRICT … · 3 TRAILS VILLAGE GOMMUNITY IMPROVEMENT...
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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
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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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