CITY OF BEVERLY HILLS, CALIFORNIA

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1 CITY OF BEVERLY HILLS, CALIFORNIA Statement of Revenues, Expenditures and Changes in fund Balance fine Art fund for the period July 1,2014 to May 31, 2015 Revenues: fine art fee $ 727,939 Use of money and property 30,917 Net change in fair value of investments (56) Total revenues 758,800 Expenditures: Current: Culture and recreation 17,564 Capital outlay 80,000 Total expenditures 97,564 Excess of revenues over expenditures 661,236 Net change in fund balances 661,236 Fund balance, July 1 2,160,730 Fund balance, May31 $ 2,821,966

2 CITY OF BEVERLY HILLS, CALIFORNIA Balance Sheet fine Art fund May 31, 2015 Assets Cash and investments $ 3,355,638 Interest receivable 5,969 Total assets $ 3,361,607 Liabilities and Fund Balance Liabilities: Accounts payable $ 1,375 Customer deposits 532,917 Deferred interest income 5,349 Fund balance: Total liabilities 539,641 Committed 2,821,966 Total fund balance 2,821,966 Total liabilities and fund balance $ 3,361,607

3 Fine Art In-Lieu Fee Revenue (July 1,2014 to May 31, 2015) Permit No Valuation Status Applied Issued Amount Paid Address Land Use Desc BS $900,000 Issued 05/05/14 07/01/14 $15, /01/ N BEVERLY DR Commercial COS RETAIL TI. EXTERIOR AND INTERIOR. BS $300,000 Issued 10/28/13 11/13/13 $4, /21/ SPALDING DR Commercial FACADE RENOVATION BS $37, /31/ OLYMPIC BLVD Commercial 7/31/14 TRANSFERRED FROM FINE ART DEPOSIT BS ($16,705.77) 07/31/ OLYMPIC BLVD Commercial 7/31/14 TRANSFERRED FROM FINE ART DEPOSIT BS $ /31/ N MAPLE DR #351 Commercial 7/31/14 TRANSFERRED FROM FINE ART DEPOSIT BS $2, /31/ N MAPLE DR #300 Commercial 7/31/14 TRANSFERRED FROM FINE ART DEPOSIT BS ($75.61) 07/31/ S RODEO DR Commercial 7/31/14 TRANSFERRED FROM FINE ART DEPOSIT N/A $76, /31/14 7/31/14 TRANSFERRED FROM FINE ART DEPOSIT BS $400,000 Issued 06/19/14 08/22/14 $3, /22/ N MAPLE DR #395 Commercial UNIT 395 PHASE I-NETFLIX TI. 3RD FLOOR BS $3,000,000 Issued 06/12/13 08/27/14 $40, /27/ N RODEO DR Commercial INTERIOR TENANT IMPROVEMENT fe-review) BS $4,000,000 Issued 05/20/14 09/03/14 $54, /03/ WILSHIRE BLVD Commercial NEIMAN MARCUS STORE PARTIAL INTERIOR REMODEL BS $500,000 Issued 11/28/13 09/22/14 $4, /22/ SPALDING DR Commercial TENANT IMPROVEMENT (INTERIOR) BS $700,000 Issued 05/16/14 09/22/14 $6, /22/ SPALDING DR Commercial GUEST ROOM (49 SUITES) AND CORRIDOR RENOVATIONS BS $1,000,000 Issued 04/17/14 09/24/14 $13, /24/ N ROXBURY DR Commercial REPAIR CRAKED CONC. BEAMS USING FIBERWRAP BS $450,000 Issued 06/23/14 09/24/14 $4, /24/ N BEVERLY DR Commercial UNIT METRO GOLDWYN MAYER -- BS $5, /30/ N RODEO DR Commercial 9/30/14 TRANSFERRED FROM FINE ART DEPOSIT BS $6, /30/ N RODEO DR Commercial 9/30/14 TRANSFERRED FROM FINE ART DEPOSIT BS $3, /30/ N RODEO DR Commercial 9/30/14 TRANSFERRED FROM FINE ART DEPOSIT TI. (THIRD FLOOR) BS $800,000 Issued 07/29/14 10/01/14 $7, /01/ N CANON DR Commercial INTERIOR TI. OF EXISTING RESTAURANT SPACE-WALLY S BS $650,000 Issued 06/13/14 10/02/14 $5, /02/ RODEO DR 200 Commercial UNIT 200- T.l WME BS $460,000 Issued 08/18/14 10/07/14 $4, /07/ SUNSET BLVD Commercial REMODEL (E) BUNGALOW #8 - BS $20,000 Issued 10/06/14 10/29/14 $ /29/ S BEVERLY DR Commercial FACADE REMODEL FOR PANERA BREAD. BS $6,500,000 PCinP 09/10/09 $25, /06/ N CANON DR Commercial PHASE II- NEW 3 STORY COMMERCIAL BLDG. OF 44,626 SF. BS $6,500,000 PCinP 09/10/09 $12, /06/ N CANON DR Commercial PHASE II- NEW 3 STORY COMMERCIAL BLDG. OF 44,626 SF. BS $6,500,000 PCinP 09/10/09 $50, /06/ N CANON DR Commercial PHASE II- NEW 3 STORY COMMERCIAL BLDG. OF 44,626 SF. BS $100,000 Issued 10/06/14 11/06/14 $ /06/ N CANON DR Commercial FACADE REMODEL FOR WALLY S VINOTECA BS $3,000,000 Issued 07/30/14 12/09/14 $40, /26/ N RODEO DR Commercial ADDITION & REMODEL of RETAIL BLDG-CORE & SHELL ONLY BS $125,000 Issued 10/23/14 10/28/14 $4, /10/ OLYMPIC BLVD Commercial FACADE REMODEL BS $750,000 Issued 06/24/14 12/17/14 $6, /17/ S BEVERLY DR Commercial TENANT IMPROVEMENT-- LUTHER BURBANK SAVINGS BS $1,600,000 Issued 08/22/14 08/25/14 $21, /22/ N BEDFORD DR Commercial (ELECTRONIC PLAN REVIEW) RITE AID INTERIOR T.l. BS $100,000 Issued 08/22/14 01/07/15 $1, /07/ N BEDFORD DR Commercial REMOVE EXISTING STUCCO MATERIAL & REPLACE WITILE. BS $700,000 Issued 08/29/14 01/20/15 $6, /15/ SPALDING DR 402 Commercial UNIT 402- AMBULATORY SURGICAL CENTER - BS $1,500,000 PC Rn 12/20/13 $20, /16/ WILSHIRE BLVD Commercial SIXTY HOTEL 11 GUESTRMS EXPANSION-MEETING ROOMS LEVEL BS $1,200,000 Issued 09/12/14 01/21/15 $16, /21/ N RODEO DR Commercial SALVATORE_FERRAGAMO_INTERIOR & EXTERIOR 1.1. BS $1,800,000 Issued 09/09/14 01/22/15 $24, /22/ S SANTA MONICA BLVD Commercial INTERIOR AND EXTERIOR ALTERATION OF OFFICE BUILDING BS $400,000 Issued 10/01/14 01/29/15 $1, /29/ BRIGHTON WAY Commercial Chg from single retail tenant to multi retail tenants- shell & exterior work BS $400,000 Issued 10/01/14 01/29/15 $3, /29/ BRIGHTON WAY Commercial Chg from single retail tenant to multi retail tenants- shell & exterior work BS $1,000,000 $10, /31/ N CANON DR Commercial 1/31/15 TRANSFERRED FROM FINE ART DEPOSIT BS $14,000,000 ($209,000.00) 01/31/ SAN VICENTE BLVD Commercial 1/31/15 TRANSFERRED TO FINE ART DEPOSIT BS $1,200,000 Issued 10/28/14 02/03/15 $16, /03/ N BEVERLY DR Commercial INTERIOR AND EXTERIOR TI. FOR RETAIL SPACE BS $75,000,000 PCinP 09/03/14 $469, /31/ WILSHIRE BLVD Commercial WALDORF ASTORIA - PHASE A,B & C TI. II, ABOVE PODIUM CORE AND SHELL Pane 1 of 2 7/IC/Ic CAC

4 Fine Art In-Lieu Fee Revenue (July 1,2014 to May 31, 2015) Permit No Valuation Status Applied Issued Amount Paid Address Land Use Desc BS $75,000,000 PC in P 09/03/14 $30, /31/ WILSHIRE BLVD Commercial WALDORF ASTORIA - PHASE II, ABOVE PODIUM CORE AND SHELL BS $125,000 Issued 12/12/14 03/09/15 $1, /09/ BRIGHTON WAY D Commercial UNIT D. ISAIA-PHASE I INTERIOR TI ADD ELEVATOR SHAFT & LOBBY BS $250,000 Issued 02/09/15 03/19/15 $2, /19/ BRIGHTON WAY Commercial Change from single retail tenantto mult retail tenants- shell & exterior work BS $1,200,000 Issued 06/11/14 $13, /08/ WILSHIRE BLVD Commercial MEDICAL 1.1. INTERIOR & EXTERIOR & CHG OF USE TO 0.1. MEDICAL I I I Total: $727,93903

5 6 / 07/08/ :07 City of Beverly Hills P tescolar YTU BUDGET REPORT glytdbud EXPENDITURES THROUGH MAY 31, 2015 FOR JOURNAL DETAIL TO ORIGINAL TRANFRS/ REVISED AVAILABLE PCT APPROP ADJSTMTS BUDGET YTD EXPENDED ENCUMBRANCES BUDGET USED 180 FINE ART FUND PUBLIC ART/ FA COMMISSION CIP 235,750 80, , ,750 DAVID ZWIRNER INC FINE ART PURCHASE , VND , % 2015/04/ /29/2014 API TOTAL CI? 0 235, ,750 80, , , % PUBLIC/FINE ART PROGRAMS ONGOING CONTRACTUAL SVCS /02/ / 04 / /04/ /04/00] / 05 / /06/ /09/ /09/ / 11 / ONGOING CONTRACTUA , , , , /27/2014 API 10/15/2014 API 11/03/2014 API 11/03/2014 API 11/30/2014 GNI 12/01/2014 API ,255 84,255 17, , , REF VND , /23/2015 API 03/31/2015 API 1, /26/2015 API 45,000 TRUGREEN LANDCARE LANDSCAPING SERVICES 59.4% ,255 45,000 39, ,750 84,255 17, ,005 97,564,00 TOTAL ONGOING CONTRACTUAL SVCS GRAND TOTAL 59.4% 78.1% 32, , , , ** END OF REPORT - Generated by Tern Escolar **

CITY OF BEVERLY HILLS, CALIFORNIA

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