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BOND FUND <br />P3Works has reviewed the following bond accounts related to the PID as of June 30, 2019 and <br />each account contains the amount shown below: <br />Bond Account <br />6/30/2019 Balance <br />Pledged Revenue Fund <br />$0.00 <br />Bond Pledged Revenue Account <br />$0.00 <br />Developer Reimbursement Pledged Revenue Account <br />$0.00 <br />Bond Fund <br />975,464 <br />Capitalized Interest Account <br />$332,976.34 <br />Principal and Interest Account <br />$978.80 <br />Project Fund <br />5,315,712 <br />Improvement Account <br />$533,543.74 <br />Costs of Issuance Account <br />$18,204.87 <br />Reserve Fund <br />500,000 <br />Reserve Account $853,302.74 <br />Delinquency and Prepayment Reserve Account $ -- <br />Redemption Fund $ -- <br />Rebate Fund $ -- <br />Administrative Fund $40,270.25 <br />Reimbursement Fund $ -- <br />Developer Property Tax Reserve Fund $1,602.80 <br />BUDGET FOR CONSTRUCTION OF AUTHORIZED IMPROVEMENTS <br />The budget for the Authorized Improvements remains at $22,386,420 as shown on the table <br />below. <br />Public Improvements <br />Street Improvements <br />Drainage Improvements <br />Erosion Control/Mobilization & General Conditions <br />Water Line Distribution <br />Wastewater <br />Sewer Lift Station <br />Landscaping <br />Public Safety Facilities <br />Total Public Improvements <br />Footnotes; <br />$ 7,754,853 $ <br />2,255,873 <br />29.09% <br />1,705,146 <br />524,980 <br />30.79% <br />755,205 <br />468,161 <br />61.99% <br />975,464 <br />623,574 <br />63.93% <br />1,374,935 <br />878,431 <br />63.89% <br />5,315,712 <br />1,741,719 <br />32.77% <br />4,005,105 <br />985,115 <br />24.60% <br />500,000 <br />- <br />0.00% <br />$ 22,386,420 $ <br />9,649,257 <br />43.10% <br />[a] Per 2019 Annual Service Plan Update approved on January 29, 2019. <br />[b] Per the Draw #1 & Draw #2 Approved Certificate dated Apri 1 3, 2019. <br />TRACE PID 2019 ANNUAL SERVICE PLAN UPDATE 4 <br />