October 2015 Unaudited Financial Statements

Transcription

1 October 2015 Unaudited Financial Statements 2150 River Plaza Dr., Suite 460 Sacramento, CA T F

2 October 2015 Financial Dashboard Total Assets Asset Category Asset Value Current Assets $30,302,867 Receivables $79,599 Fixed Assets $33,898,351 Total assets $64,280,817 Total Liabilities & Fund Balances Category Value Liabilities $348,400 Fund Balances $63,932,417 Total liabilities and fund balances $64,280,817 SAFCA Contracts 2016 Projected Revenue after Expenses $10,000 $7,500 $5,000 $2,500 Total Revenue & Expenses Category Oct YTD 2015B 2014A Total Revenue $1,312,342 $2,133,809 $2,406,025 $2,169,546 Total Expenses $178,198 $2,067,699 $3,275,637 $2,638,306 Change in fund balance 9% 21% $1,134,144 $66,110 -$869,612 -$468,760 Expenditures Breakdown Jan - Oct % 9% 18% 7% 13% 14% Biological Monitoring Land Mgmt/Contract/SAFCA Water Property Maint. Property Tax Administration Office Expense Professional Services $0 Brookfield Novak Pappa Rosa Sharma/AKT So. Sutter Willey Professional services include legal, accounting and investment management fees. Hewitt

3 Statement of Net Assets Unaudited YTD - October 31, 2015 NBHCP Funds _ Non-HCP Funds Restoration & Land Supplemental SAFCA Administration Enhancement Acquisition Endowment Endowment NLIP Total ASSETS Current Assets: Cash 976, ,446 1,170,982 Investments 4,519,173 1,730,339 2,606,154 16,669,215 2,740, ,505 29,131,886 Subtotal Cash 5,495,709 1,730,339 2,606,154 16,669,215 2,740,499 1,060,951 30,302,867 Receivables: Accounts Receivable 1 7,272 13,303 8, ,537 52,426 Due from Other Funds 9, ,550 Prepaid Items 17, ,623 Subtotal Receivables 34,444 13,303 8, ,537 79,599 Fixed Assets: Land ,488, ,488,567 Land Improvements - Habitat & Bldgs, Net 107,968-1,289, ,397,733 Office Equipment & Machinery, Net 12, ,051 Subtotal Fixed Assets 120,019-33,778, ,898,351 LIABILITIES & FUND BALANCES Total Cash and Assets 5,650,172 1,743,642 36,392,802 16,669,215 2,740,499 1,084,488 64,280,817 Liabilities 2 Accounts Payable 96, ,699 2, ,432 Conditional Deposits 1, ,250 Accrued Vacation / Benefits 50, ,989 Deferred Revenue , ,179 Due to Other Funds ,550 9,550 Subtotal Liabilities 148, ,699 2, , ,400 Equity: Investment in General Fixed Assets 120,019-33,778, ,898,351 Fund Balances: Reserved for Endowment - Permanent ,481, ,481,280 Reserved for Endowment - Temporary ,172, ,172,236 Designated 3 1,455,145-2,308, ,763,225 Undesignated 3,926,715 1,743, ,389-2,737, ,661 9,617,325 Subtotal Fund Balances 5,501,879 1,743,642 36,392,802 16,653,516 2,737, ,661 63,932,417 Total Liabilities & Fund Balances 5,650,172 1,743,642 36,392,802 16,669,215 2,740,499 1,084,488 64,280,817

4 Statement of Activities Unaudited YTD - October 31, 2015 NBHCP Funds _ Non-HCP Funds Restoration & Land Supplemental SAFCA YTD YTD 2015 Administration Enhancement Acquisition Endowment Endowment NLIP Total Budget % Variance M-Y Budget REVENUES Mitigation Fees City of Sacramento 62,748 7,272 67,800 37,691 3, , ,886 18% 182,263 County of Sutter % - Other , % 50,000 Rent Revenue 472, , , ,366 28% 452,839 Investment Income - Realized (714) , ,778 49, , ,803-42% 761,763 Investment Income - Unrealized 10,062 15,997 7,544 41,032 9,320 4,030 87,985-0% - Other / Reimbursement 884, ,978 1,018, ,300 27% 959,160 Total Revenue 1,429,407 22,817 81, ,501 61, ,964 2,133,809 2,005,022 6% 2,406,025 EXPENDITURES - PROGRAM Property Tax 134, , ,404 24% 214,085 Water District & Drainage 291, , ,783 22% 446,139 Property Maintenance 171, , ,333 53% 442,000 Electricity 104, ,454 95,833-9% 115,000 Biological Monitoring 181, , ,497 27% 298,196 Contract Work 375, , , ,123 37% 717,748 Subtotal Program 1,258, ,423 1,262,319 1,860,973 2,233,168 EXPENDITURES - ADMINISTRATION Staff & Staff Expenses 431, , ,343 1% 523,611 Board Expense 7, ,039 8,333 16% 10,000 Office Lease 63, ,568 64,298 1% 77,158 Telecommunications 19, ,547 35,417 45% 42,500 Office Supplies 28, ,274 31,667 11% 38,000 Office Equipment 11, ,420 18,333 38% 22,000 Vehicle Expense 18, ,340 21,000 13% 25,200 Insurance 32, ,625 39,167 17% 47,000 Professional Services 109, , ,833 16% 157,000 Fees and Taxes 25, ,871 7,876 2,117 82,980 83,333 0% 100,000 Subtotal Program 747, ,871 7,876 2, , ,724 1,042,469 Total Expenditures 2,006, ,871 7,876 5,922 2,067,699 2,729,697 24% 3,275,637 Excess (deficiency) of revenues over (under) expenditures (576,623) 22,817 81, ,630 53, ,042 66,110 (724,676) -18% (869,612) Fund Balances, beginning of period 6,078,501 1,720,824 36,311,223 16,310,887 2,684, ,612 63,866,299 Fund Balances, end of period 5,501,878 1,743,641 36,392,802 16,653,517 2,737, ,654 63,932,409

5 Footnotes to October 31, 2015 Unaudited Financial Statements: 1 Accounts Receivable The funds listed in Accounts Receivable are comprised of: Accounts Receivable Accounts Receivable 17,791 City of Sacramento - Pool A 722 Wells Fargo - Investment Management Account 28,171 Wells Fargo - SAFCA NLIP 5,741 Total 52,426 2 Liabilities As the managed marsh construction component follows and lags acquisition, approximately 4.9% of the 25% managed marsh target remains in process and is not yet completed. Accordingly, the Conservancy will need to construct managed marsh on approximately 176 acres. At an average cost of $8,750 per acre of managed marsh construction costs, this results in an on-going managed marsh R&E obligation of approximately $1,542,473. UPDATE: acres of Frazer South are planned for managed marsh construction in 2016 and 80 acres of Bianchi West are planned for managed marsh construction in Designated - NBHCP Funds The funds in this category may be derived from HCP fees. Board designation is required for use of HCP Designated funds. Source of funding is as follows: Designated - NBHCP Funds GGS 204,808 Supplemental-HCP Donations 11,130 Supplemental-HCP Elderberry Mitigation 69,506 Tree/Shrub Mitigation 53,195 Fixed Assets Reserve 1,116,505 Total 1,455,144 Designated - Non-HCP Funds The funds in this category are not derived from HCP fees or NBHCP/MAPHCP related sources. Board designation is required for use of non-hcp funds. Source of funding is as follows: Designated - Non-HCP Funds SAFCA NLIP 902,661 Supplemental Mitigation (Land Acquisition) SAFCA Settlement - Huffman West 810,110 SAFCA Settlement - Atkinson 229,810 SAFCA Settlement - Natomas Farms 1,268,160 Total 3,210,741

6 Cash Flow Projections 1 OPERATING INCOME Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Budget Budget Actual Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Total Admin - Mitigation fees , , ,755 Admin - Rent revenue , ,228 41,763 1,420 53, , ,839 Admin - Investment income 4,286 (2,079) (1,297) (2,495) 263 (2,527) 3,547 1,560 (754) (1,220) 9,167 9,167 17, ,000 Admin - Marketable securities 2,716 2,266 3,448 3, (3,765) (2,808) 2,232 1, ,061 - Admin - Other & misc , ,160 2, , , ,025 1,667 1, ,247 20,000 R&E and Land Acq - Mitigation fees , ,072 66,435 R&E and Land Acq - Inv. income 7,278 1,384 3,292 2,555 3,966 (921) 3, ,728 1,378 5,833 5,833 40,992 70,000 Total 14,916 1,671 75,643 4, ,322-1, , , , ,299 16,667 16,667 1,567, ,029 USES OF CASH Administration 75,278 90, ,104 78,107 80,050 91,714 72,238 82,298 92,578 66, , ,093 1,108,146 1,633,121 Program 68,061 50, , ,740 50, , , ,543 66, ,915 98,565 98,565 1,341,770 1,182,781 SSMP s ,959 9,005 17,385 32,899-5, , ,000 Total 143, , , , , , , , , , , ,659 2,531,044 2,965,902 Excess (deficiency) of revenue over expense (128,423) (139,515) (247,285) (293,704) 4,953 (224,904) 173,573 (48,106) 72, ,146 (217,992) (217,992) (963,908) (2,137,873) 2015 Actual Cash Balance Beginning cash balance (Operating) 10,184,289 10,055,866 9,916,351 9,669,066 9,375,362 9,380,315 9,155,411 9,328,984 9,280,878 9,353,218 9,656,364 9,438,372 Ending cash balance (Operating) 10,055,866 9,916,351 9,669,066 9,375,362 9,380,315 9,155,411 9,328,984 9,280,878 9,353,218 9,656,364 9,438,372 9,220,381 RESTRICTED INCOME 2 Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Budget Budget Actual Budget Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Total Endowment - Mitigation fees , ,799 36,105 Endowment - Investment income 15,616 80,227 28,338 17,956 83,519 37,463 20,329 17,848 39,585 20,012 46,667 46, , ,000 Endowment - Marketable securities (106,802) 544,362 (94,484) 93,374 30,681 (280,727) 186,018 (701,514) (431,586) 811, ,353 - Total (91,186) 624,589 (66,146) 111, ,999 (243,264) 206,347 (683,666) (392,001) 831,043 46,667 46, , , Actual Cash Balance Beginning cash balance (Restricted) 19,013,802 18,922,616 19,547,205 19,481,059 19,592,389 19,747,388 19,504,124 19,710,471 19,026,805 18,634,804 19,465,847 19,512,514 Ending cash balance (Restricted) 18,922,616 19,547,205 19,481,059 19,592,389 19,747,388 19,504,124 19,710,471 19,026,805 18,634,804 19,465,847 19,512,514 19,559,181 Restoration & Enhancement Acres Total 2015 mitigation Big events & issues-revenue Est. funds necessary to balance Acres Full Fee Non-Acq Fee Partial Fee Total ($) 1. NBHCP fees received between May-Sep 25/25/50 - at $8,750/acre City of Sac , , Farm rent is received in August Acres planned but not yet constructed 190 $ 1,662, Big events & issues-expense 6 $182, $182, SSMP Updates Surprise potential 1. Legal expense 1 These Cash Flow Projections include only NBHCP funds (excludes SAFCA NLIP project funds). 2 Restricted income includes the Endowment Fund and the Supplemental Endowment Fund.

7 11/16/2015 3:48 PM Register: 1001 TNBC Checking From 10/01/2015 through 10/31/2015 Sorted by: Date, Type, Number/Ref Date Number Payee Account Memo Payment C Deposit Balance 10/01/2015 Paychex 6306 Payroll Fees 09/30/15 payro X 617, /01/ Cash & Inv - WFI Funds Transfer X 100, , /02/ A4 Promotions & Inc A/P - Admin X 716, /02/ ARC A/P - Admin Inv # X 716, /02/ California Computer A/P - Admin Inv # X 716, /02/ Kleinfelder, Inc A/P - Admin Inv # , X 709, /02/ Lake WebWorks A/P - Admin Inv # X 708, /02/ Marketing by Design A/P - Admin 1, X 707, /02/ PNSSNS Subwatersh A/P - Admin 2016 Members... 2, , /02/ Reclamation District A/P - Admin 3Q15 Security 4, X 700, /02/ T. Rowe Price A/P - Admin Acct # , X 698, /02/ U.S. Bank A/P - Admin Acct # X 698, /02/ Wells Fargo HBS A/P - Admin HSA Contribut... 1, X 696, /02/ Fidelity Investments A/P - Admin Acct # X 695, /02/ Fidelity Investments A/P - Admin Acct # X 695, /02/ Fidelity Investments A/P - Admin Acct # X 694, /05/2015 -split- Deposit X 197, , Reimbursements / Other Reimbursement Reimbursements / Other Jul 15 - GWEP , /06/ ARC A/P - Admin Inv # X 892, /06/ Best Best & Krieger A/P - Admin 8, X 883,752.03

8 11/16/2015 3:48 PM Register: 1001 TNBC Checking From 10/01/2015 through 10/31/2015 Sorted by: Date, Type, Number/Ref Date Number Payee Account Memo Payment C Deposit Balance 10/06/ Charee Thurman A/P - Admin 3Q15 Mtg Atte X 883, /06/ cspot Interworks, Inc A/P - Admin Inv # X 883, /06/ Dan L. Silva A/P - Admin 3Q15 Mtg Atte X 883, /06/ Danelle Stylos A/P - Admin 3Q15 Mtg Atte X 883, /06/ David B. Christophel A/P - Admin 3Q15 Mtg Atte X 883, /06/ Davin Norene A/P - Admin 3Q15 Mtg Atte X 883, /06/ Frances Kay Backer A/P - Admin 3Q15 Mtg Atte , /06/ Michael A. Bradbury A/P - Admin 3Q15 Mtg Atte X 882, /06/ Michael Kevin McRae A/P - Admin 3Q15 Mtg Atte X 882, /06/ New Economics & A A/P - Admin Inv # , X 879, /06/ Steven D.H. Willey A/P - Admin 3Q15 Mtg Atte X 879, /06/ William H. Edgar A/P - Admin 3Q15 Mtg Atte X 879, /06/ Xerox Corp A/P - Admin Inv # X 879, /07/ Danelle Stylos 6422 Mileage Expense 3Q15 Mileage X 879, /07/ Gerry McIntyre Phot A/P - Admin Inv # , X 877, /15/2015 Paychex 6306 Payroll Fees Oct 15 Payroll X 877, /15/ Lor, Jeremy 6422 Mileage Expense Oct 15 - Expen X 877, /15/ Berkshire Hathaway A/P - Admin Pol # NAWC X 876, /15/ Consolidated Comm A/P - Admin Acct # X 876, /15/ HCP Workshop, c/o I A/P - Admin Nov 18 Event ,608.27

9 11/16/2015 3:48 PM Register: 1001 TNBC Checking From 10/01/2015 through 10/31/2015 Sorted by: Date, Type, Number/Ref Date Number Payee Account Memo Payment C Deposit Balance 10/15/ ICF Jones & Stokes A/P - Admin Inv # X 876, /15/ JMZ Cleaning Services A/P - Admin Inv # , /15/ Lambda Alpha Intern A/P - Admin 10/27/15 Lunc , /15/ PG&E A/P - Admin 9, X 866, /15/ Sacramento County A/P - Admin Proj # X 866, /15/ SMUD A/P - Admin 3, X 862, /15/2015 Payroll 6301 Salaries [split] 10/15/15 Payroll 10, X 852, /15/2015 Payroll 6301 Salaries [split] 10/15/15 Payroll 6, X 846, /16/2015 -split- Deposit X 6, , Rent - Real Property BK... 1, Rent - Real Property BK... 1, Rent - Real Property BK... 1, Rent - Real Property BK... 1, Rent - Real Property BK... 1, Rent - Real Property BK... 1, /16/2015 Intuit 6383 Office Supplies Office supplies X 852, /20/2015 -split- Deposit X 2, , Reimbursements / Other 2014 Flood ins Reimbursements / Other 2015 Flood ins... 1, Reimbursements / Other 2015 Flood ins Reimbursements / Other 2015 Flood ins /21/ Huezo, Valentina V 6422 Mileage Expense Oct 15 - Expen X 854, /21/ Roberts, John R. -split- Oct 15 - Expen X 854, Cellular Phones Cell phone Parking Parking /21/ AT&T Mobility A/P - Admin Inv # X 854,052.67

10 11/16/2015 3:48 PM Register: 1001 TNBC Checking From 10/01/2015 through 10/31/2015 Sorted by: Date, Type, Number/Ref Date Number Payee Account Memo Payment C Deposit Balance 10/21/ Baker Williams Engi A/P - Admin Inv # , X 852, /21/ Blue Shield A/P - Admin Inv # , X 849, /21/ Federal Express A/P - Admin Inv # X 849, /21/ Fong Enterprises A/P - Admin Inv # , /21/ ICF Jones & Stokes A/P - Admin Inv # , X 823, /21/ Unum A/P - Admin Billing # X 823, /21/ Westervelt Ecologica A/P - Admin 6, X 817, /23/ Conditional De... Deposit X , /23/ Natomas Mutual Wat A/P - Admin 45, X 772, /23/ Natomas Mutual Wat A/P - Admin 45, X 727, /23/ Wells Fargo A/P - Admin Acct # , X 726, /23/ Wells Fargo A/P - Admin Acct # X 725, /26/ Reimbursement... Deposit X 227, , /28/ Burns, Kimberli S. -split- Oct 15 - Expen , Newspapers/Magazines Newspapers / S Cellular Phones Cell phone Mileage Expense Mileage Office Supplies Office supplies /28/ City of Sacramento A/P - Admin Inv # YCTYM , /28/ Fong Enterprises A/P - Admin Order # , /28/ Hines VAF II Sacra A/P - Admin Nov 15 - Rent 6, , /28/ Sacramento County A/P - Admin Acct # ,055.25

11 11/16/2015 3:48 PM Register: 1001 TNBC Checking From 10/01/2015 through 10/31/2015 Sorted by: Date, Type, Number/Ref Date Number Payee Account Memo Payment C Deposit Balance 10/28/ Lor, Jeremy 6422 Mileage Expense Oct 15 - Expen X 945, /28/ Kelley, Jennifer -split- Oct 15 - Expen , Cellular Phones Cell phone Office Supplies Office supplies Mileage Expense Mileage /28/ Huezo, Valentina V -split- Oct 15 - Expen , Cellular Phones Cell phone Mileage Expense Mileage /30/2015 -split- Deposit X 47, , Rent - Real Property 2015 Rent - B... 17, Rent - Real Property Nov Re Rent - Real Property 2015 Rent - TN... 29, /30/2015 Paychex 6306 Payroll Fees 10/31/15 payro X 992, /31/ Service Charges Service Charge X 992, /31/2015 Payroll 6301 Salaries [split] 10/31/15 payroll 11, X 980, /31/2015 Payroll 6301 Salaries [split] 10/31/15 payroll 4, X 975, /31/2015 Payroll Reconciliation... Balance Adjust X 975,931.77

12 11/23/ :48 AM Register: 1020 SAFCA NLIP - Checking From 10/01/2015 through 10/31/2015 Sorted by: Date, Type, Number/Ref Date Number Payee Account Memo Payment C Deposit Balance 10/21/ ICF Jones & Stokes Accounts Payab... Inv # X 194,446.11

13 Land Management Costs 1, Land Management Hours $50,000 Land Management Costs 700 $37,500 0 Jan Mar May Jul Sep Nov Mgmt Foreman Field Labor 2013 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Mgmt Foreman Field Labor ,953 1, Land Mangement Hours 2015 Actual 2015 Budget 2014 Actual 2013 Actual $25,000 $12,500 $0 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2015 Actual 2015 Budget 2014 Actual 2013 Actual Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total 22,802 17,955 21,760 26,706 7,816 27,224 29,957 27,262 9,368 7, ,315 33,333 33,333 33,333 33,333 33,333 33,333 33,333 33,333 33,333 33,333 33,333 33, ,000 34,095 12,842 21,790 32,750 9,420 41,904 29,082 25,820 20,572 7,877 6,680 12, ,333 14,757 25,019 30,645 34,678 16,235 33,525 40,041 35,610 15,545 21,213 33,178 26, ,960 0 Jan Mar May Jul Sep Nov Mgmt Foreman Field Labor 2012 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Mgmt Foreman ,295 Field Labor , ,226 Marsh Land Management Cost Per Acre $ $ $