Fin Stmts Cover Page - The Natomas Basin Conservancy · October 2018 Unaudited Financial Statements The Natomas Basin Conservancy 2150 River Plaza Dr., Suite 460 Sacramento, CA 95833

October 2018Unaudited Financial Statements

The Natomas Basin Conservancy 2150 River Plaza Dr., Suite 460 Sacramento, CA 95833 T 916.649.3331 F 916.649.3322

October 2018 Financial Dashboard

Total AssetsAsset Category Asset Value

Current Assets $35,683,739

Receivables $84,764

Fixed Assets $33,236,485

Total assets $69,004,988

Total Liabilities & Fund BalancesCategory Value

Liabilities $622,748

Fund Balances $68,382,240

Total liabilities and fund balances $69,004,988

Total Revenue & ExpensesCategory Oct YTD 2018B 2017A

Total Revenue -$1,180,526 $1,491,329 $4,159,529 $6,025,302

Total Expenses $182,891 $994,622 $3,396,807 $3,007,751

Change in fund balance

-$1,363,417 $496,707 $762,722 $3,017,551

Conservancy Annual ExpensesBudget vs Actual*

2014-2018

NBHCP Mitigation FeeCost Control and Financial Discussion

2010-2019

$0

$700,000

$1,400,000

$2,100,000

$2,800,000

$3,500,000

2014 2015 2016 2017 2018**

Budget Actual

$0

$12,500

$25,000

$37,500

$50,000

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019

NBHCP Mitigation Full FeeNBHCP Mitigation Fee w/Land Dedication

GWEP savings Cost cutting

$35,000/ac

$17,500/ac

$22,500/ac

* These are Conservancy numbers only and do not include SAFCA expenses.** 2018 actual is an estimate for year-end.

NBHCP Funds _ Non-HCP FundsRestoration & Land Supplemental SAFCA

Administration Enhancement Acquisition Endowment Endowment NLIP Total

ASSETS

Current Assets:Cash 419,277 - - - - 261,389 680,666Investments 3,021,962 2,019,243 4,277,589 21,378,356 3,410,792 895,131 35,003,073

Subtotal Cash 3,441,239 2,019,243 4,277,589 21,378,356 3,410,792 1,156,520 35,683,739

Receivables:Accounts Receivable 1 8,238 10,615 3,771 1,222 85 36,218 60,149Due from other funds - - - - - - -Prepaid Items 24,615 - - - - - 24,615

Subtotal Receivables 32,853 10,615 3,771 1,222 85 36,218 84,764Fixed Assets:Land - - 32,488,567 - - - 32,488,567Land Improvements - Habitat & Bldgs, Net 81,306 - 624,868 - - - 706,174Office Equipment & Machinery, Net 41,744 - - - - - 41,744

Subtotal Fixed Assets 123,050 - 33,113,435 - - - 33,236,485

Total Cash and Assets 3,597,142 2,029,858 37,394,795 21,379,578 3,410,877 1,192,738 69,004,988

LIABILITIES & FUND BALANCES

Liabilities 2

Accounts Payable 145,067 - - 21,196 3,402 9,828 179,493 Conditional Deposits 250 - - - - - 250 Accrued Vacation / Benefits 66,427 - - - - - 66,427 Deferred Revenue - - - - - 376,578 376,578 Due to other funds - - - - - - 0

Subtotal Liabilities 211,744 - - 21,196 3,402 386,406 622,748

Equity: Investment in General Fixed Assets 123,050 - 33,113,435 - - - 33,236,485 Fund Balances: - - - - - - - Reserved for Endowment - Permanent - - - 10,385,214 - - 10,385,214 Reserved for Endowment - Temporary - - - 10,973,168 - - 10,973,168 Designated 3 1,448,246 - 2,308,080 - - 806,332 4,562,658 Undesignated 1,814,102 2,029,858 1,973,280 - 3,407,475 - 9,224,715

Subtotal Fund Balances 3,385,398 2,029,858 37,394,795 21,358,382 3,407,475 806,332 68,382,240

Total Liabilities & Fund Balances 3,597,142 2,029,858 37,394,795 21,379,578 3,410,877 1,192,738 69,004,988

The Natomas Basin ConservancyStatement of Net Assets

Unaudited YTD - October 31, 2018

NBHCP Funds _ Non-HCP FundsRestoration & Land Supplemental SAFCA YTD YTD 2018

Administration Enhancement Acquisition Endowment Endowment NLIP Total Budget % Variance Budget

REVENUESMitigation Fees City of Sacramento - - - - - - - 162,209 -100% 194,651 County of Sutter - - - - - - - - 0% - Metro Air Park 388,097 41,362 23,663 220,566 15,396 - 689,084 1,622,094 -58% 1,946,513 Other 25,094 2,674 24,480 14,262 996 - 67,506 41,667 62% 50,000Rent Revenue 507,438 - - - - - 507,438 560,221 -9% 672,265Investment Income - Realized 40,395 24,998 60,500 447,697 74,541 9,026 657,157 708,333 -7% 850,000Investment Income - Unrealized -3,596 7,492 -10,298 -447,134 -74,544 3,296 -524,784 - 0% -Other / Reimbursement 94,897 - - - - 31 94,928 371,750 -74% 446,100

Total Revenue 1,052,325 76,526 98,345 235,391 16,389 12,353 1,491,329 3,466,274 57% 4,159,529

EXPENDITURES - PROGRAMProperty Tax 126,447 - - - - - 126,447 164,731 23% 197,677Water District & Drainage 310,359 - - - - - 310,359 391,816 21% 470,179Property Maintenance 239,205 - - - - - 239,205 376,667 36% 440,000Electricity 16,382 - - - - - 16,382 30,000 45% 36,000Biological Monitoring 205,609 - - - - - 205,609 277,455 26% 332,946Land Management 256,623 - - - - - 256,623 256,667 0% 308,000Contract Work 53,241 - - - - - 53,241 163,677 67% 217,412

Subtotal Program 1,207,866 - - - - - 1,207,866 1,661,013 2,002,214

EXPENDITURES - ADMINISTRATIONStaff & Staff Expenses 478,672 - - - - - 478,672 474,083 -1% 568,900Board Expense 4,900 - - - - - 4,900 8,333 41% 10,000Office Lease 59,565 - - - - - 59,565 58,333 -2% 70,000Telecommunications 9,786 - - - - - 9,786 25,000 61% 30,000Office Supplies 19,657 - - - - - 19,657 35,000 44% 42,000Office Equipment 16,054 - - - - - 16,054 20,833 23% 25,000Vehicle Expense 16,156 - - - - - 16,156 21,000 23% 25,200Insurance 38,244 - - - - - 38,244 47,500 19% 48,000Professional Services 161,897 - - - - - 161,897 139,167 -16% 167,000Fees and Taxes 29,364 - - 61,595 9,887 - 100,846 107,192 6% 128,630SAFCA expenses - - - - - 88,845 88,845 233,219 62% 279,863

Subtotal Program 834,295 - - 61,595 9,887 88,845 994,622 1,169,660 1,394,593

Total Expenditures 2,042,161 - - 61,595 9,887 88,845 2,202,488 2,830,673 22% 3,396,807

Excess (deficiency) of revenuesover (under) expenditures (989,836) 76,526 98,345 173,796 6,502 (76,492) (711,159) 635,601 762,722

Fund Balances, beginning of period 4,375,233 1,953,331 37,296,449 21,184,586 3,400,973 883,435 69,094,007Fund Balances, end of period 3,385,397 2,029,857 37,394,794 21,358,382 3,407,475 806,943 68,382,848

The Natomas Basin ConservancyStatement of Activities

Unaudited YTD - October 31, 2018

Footnotes to October 31, 2018 Unaudited Financial Statements:

1 – Accounts Receivable – The funds listed in Accounts Receivable are comprised of:

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 $9,500 per acre of managed marsh construction costs, this results in an on-going managed marsh R&E obligation of approximately $1,672,000.

UPDATE: 110.37 acres of Frazer South and 80 acres of Bianchi West are planned for managed marsh construction in 2021.

3 – 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 - 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 806,943

Supplemental Mitigation (Land Acquisition)

SAFCA Settlement - Huffman West 810,110

SAFCA Settlement - Atkinson 229,810

SAFCA Settlement - Natomas Farms 1,268,160

Total 3,115,023

Designated - NBHCP Funds

GGS 194,809

Supplemental-HCP Donations 14,231

Supplemental-HCP Elderberry Mitigation 69,506

Tree/Shrub Mitigation 53,195

Fixed Assets Reserve 1,116,506

Total 1,448,247

Accounts Receivable

Accounts Receivable 32,028

City of Sacramento - Pool A 5,056

Wells Fargo - Investment Management Account 18,874

Wells Fargo - SAFCA NLIP 4,190

Total 60,148

The Natomas Basin ConservancyNBHCP 2018 Cash Flow Projections

These Cash Flow Projections include only NBHCP funds (excludes SAFCA NLIP project funds).* Restricted income includes the Endowment Fund and the Supplemental Endowment Fund.

OPERATING INCOME Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Budgeted Budgeted BudgetJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Total

Admin - Mitigation fees - - - - - - - 25,094 388,097 - - - 413,191 738,856 Admin - Rent revenue 1,443 850 1,290 1,280 3,045 170 - 489,457 - 9,903 1,200 1,200 509,838 652,465 Admin - Investment income 3,740 5,427 4,340 4,304 (1,056) 3,200 4,333 4,282 7,653 5,080 4,167 4,167 49,636 50,000 Admin - Marketable Securities (2,030) (5,321) (263) (1,382) 8,029 (1,396) 332 1,484 (1,622) (1,029) - - (3,199) - Admin - Other & Misc. - 676 652 225 69 1,282 4 52 91,937 2 12,500 12,500 119,899 150,000 R&E and Land Acq - Mitigation fees - - - - - - - 27,154 65,025 - - - 92,179 745,416 R&E and Land Acq - Inv Income 2,947 1,118 11,716 6,026 14,589 4,518 12,187 14,307 5,913 9,371 5,000 5,000 92,692 60,000

Total 6,100 2,749 17,736 10,453 24,676 7,773 16,855 561,832 557,002 23,327 22,867 22,867 1,274,237 2,396,737

USES OF CASHAdministration 75,589 94,577 102,026 86,262 73,614 105,155 74,424 107,085 76,220 85,166 85,312 85,312 1,050,742 1,023,743 Program 54,551 49,652 322,977 64,814 57,934 104,352 143,040 216,027 113,833 97,725 164,768 164,768 1,554,442 1,977,214 SSMP's - - - - - - - - - - - - - 25,000 R&E - - - - - - - - - - - - - - Land Acquisition Costs - - - - - - - - - - - - - -

Total 130,140 144,229 425,003 151,077 131,548 209,507 217,465 323,112 190,053 182,891 250,080 250,080 2,605,184 3,025,957 Excess (deficiency) of revenue over (124,040) (141,480) (407,267) (140,624) (106,873) (201,734) (200,609) 238,720 366,950 (159,564) (227,213) (227,213) (1,330,947) (629,220)

Budget-to-actual cash balancesBeginning cash balance (Operating) 10,560,384 10,436,344 10,294,864 9,887,597 9,746,973 9,640,101 9,438,366 9,237,757 9,476,477 9,843,427 9,683,863 9,456,650 Ending cash balance (Operating) 10,436,344 10,294,864 9,887,597 9,746,973 9,640,101 9,438,366 9,237,757 9,476,477 9,843,427 9,683,863 9,456,650 9,229,437

RESTRICTED INCOME * Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Budgeted Budgeted BudgetJan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Total Total

Endowment - Mitigation Fees - - - - - - - 15,257 235,962 - - - 251,220 418,824 Endowment - Investment Income 164,050 25,767 45,452 26,585 28,575 58,892 28,476 33,106 78,725 31,303 60,000 60,000 640,930 720,000 Endowment - Marketable Securities 686,549 (582,034) (280,425) 53,954 217,704 85,762 353,780 324,461 (146,271) (1,235,156) - - (521,677) - Endowment - Investment Mgmt Fees - - (23,118) - - (23,766) - - (24,598) - - (22,747) (94,229) 90,987

Total 850,599 (556,267) (258,092) 80,539 246,279 120,887 382,256 372,824 143,818 (1,203,853) 60,000 37,253 276,243 1,229,811

Budget-to-actual cash balancesBeginning cash balance (Restricted) 24,609,160 25,459,759 24,903,493 24,645,401 24,725,940 24,972,219 25,093,106 25,475,362 25,848,185 25,992,003 24,788,150 24,848,150 Ending cash balance (Restricted) 25,459,759 24,903,493 24,645,401 24,725,940 24,972,219 25,093,106 25,475,362 25,848,185 25,992,003 24,788,150 24,848,150 24,885,403

Restoration & Enhancement Acres Total Big events & issues-revenueEst. funds necessary to balance Acres Full fee Non-Acq fee Total ($) 1. NBHCP fees received between May-Sep 25/25/50 - at $8,750/acre City of Sac. 6.00 198,546 - 198,546 Acres planned but not yet constructed 190 1,662,500$ MAP 50.00 1,654,550 - 1,654,550 rent payment due in December

- - - - Big events & issues-expense56 1,853,096 - 1,853,096

Surprise potential1. Legal expense

2018 mitigation

2. Farm rent is received in August with the second cash

Register: 1001 · TNBC Checking

From 10/01/2018 through 10/31/2018

Sorted by: Date, Type, Number/Ref

Date Number Payee Account Memo Payment C Deposit Balance

10/01/2018 1003 · Cash & Inv - W... Funds Transfer X 100,000.00 565,135.37

10/02/2018 -split- Deposit X 9,993.88 575,129.25

Rent - Real Property 2018/2019 hun... 2,500.00






Rent - Real Property Sep 18 - Barns ... 200.00

Liability Insurance Refund - SLV r... 793.88

10/04/2018 10862 Wells Fargo Advisors 2100.1 · A/P - Admin Acct # 1364-85... 2,128.49 X 573,000.76

10/04/2018 10863 Ameriprise Financial ... 2100.1 · A/P - Admin Acct # 1483-00... 996.67 X 572,004.09

10/04/2018 10864 Fidelity Investments 2100.1 · A/P - Admin Acct # 217-730... 617.50 X 571,386.59

10/04/2018 10865 Fidelity Investments 2100.1 · A/P - Admin Acct # 217-658... 350.22 X 571,036.37

10/04/2018 10866 Optum Bank 2100.1 · A/P - Admin Oct 18 - HSA ... 1,120.00 X 569,916.37

10/04/2018 10867 Best Best & Krieger 2100.1 · A/P - Admin 37,112.88 X 532,803.49

10/04/2018 10868 Lake WebWorks 2100.1 · A/P - Admin Inv # 2014903 25.00 X 532,778.49

10/04/2018 10869 Michael J. Arnold an... 2100.1 · A/P - Admin Inv # 13235 4,000.00 X 528,778.49

10/04/2018 10870 New Economics & A... 2100.1 · A/P - Admin Inv # NB.SPR.... 210.00 X 528,568.49

10/04/2018 10871 Real Pest Management 2100.1 · A/P - Admin 120.00 X 528,448.49

10/04/2018 10872 OfficeTeam 2100.1 · A/P - Admin Inv # 51897500 1,446.38 X 527,002.11

10/04/2018 10873 PG&E 2100.1 · A/P - Admin 232.68 X 526,769.43

10/15/2018 -split- Deposit X 1,567.21 528,336.64

Health Insurance Oct 18 - Health... 580.55

Rent - Real Property 2018/2019 hun... 203.00

Health Insurance 2017 MLR Reb... 283.66

The Natomas Basin Conservancy 11/20/2018 10:46 AM


From 10/01/2018 through 10/31/2018



Rent - Real Property 2018/2019 hun... 500.00

10/15/2018 Paychex 6306 · Payroll Fees 10/15/18 payro... 89.65 X 528,246.99

10/15/2018 10875 Lor, Jeremy 6422 · Mileage Expense Oct 18 - Expen... 437.09 X 527,809.90

10/15/2018 Payroll 6301 · Salaries [split] 10/15/18 payroll 12,064.72 X 515,745.18


10/16/2018 10876 Berkshire Hathaway ... 2100.1 · A/P - Admin Policy # NAW... 622.63 X 509,221.30

10/16/2018 10877 Consolidated Comm... 2100.1 · A/P - Admin Acct # 916649... 330.49 X 508,890.81

10/16/2018 10878 Economic & Plannin... 2100.1 · A/P - Admin Inv # 182117-1 1,190.00 X 507,700.81

10/16/2018 10879 Konica Minolta 2100.1 · A/P - Admin Inv # 254335039 117.23 X 507,583.58

10/16/2018 10880 Lambda Alpha Intern... 2100.1 · A/P - Admin 10/23/18 Lunc... 50.00 507,533.58


10/16/2018 10882 Thornton's Gas Service 2100.1 · A/P - Admin Inv # 617782 770.45 X 505,606.03

10/16/2018 10883 TFO Reva LEI Gate... 2100.1 · A/P - Admin Nov 18 - Offic... 6,051.87 X 499,554.16

10/16/2018 10884 Baker Williams Engi... 2100.1 · A/P - Admin 4,268.50 X 495,285.66

10/16/2018 10885 SMUD 2100.1 · A/P - Admin 279.07 X 495,006.59

10/18/2018 10886 Skupic, Jennifer 6402 · Cellular Phones Oct 18 - Expen... 110.50 X 494,896.09

10/18/2018 10891 Blue Shield 2100.1 · A/P - Admin Inv # 1828800... 3,404.30 X 491,491.79

10/19/2018 10887 Natomas Mutual Wat... 2100.1 · A/P - Admin 51,648.05 439,843.74

10/19/2018 10888 AT&T Mobility 2100.1 · A/P - Admin Acct # 287257... 73.55 X 439,770.19

10/19/2018 10889 City of Sacramento 2100.1 · A/P - Admin Inv # YCTYM... 108.00 439,662.19



From 10/01/2018 through 10/31/2018




10/23/2018 10892 Unum 2100.1 · A/P - Admin Billing # 01447... 455.52 X 438,145.99

10/24/2018 10893 OfficeTeam 2100.1 · A/P - Admin Inv # 5020620 578.55 X 437,567.44

10/31/2018 10894 Huezo, Valentina V 6422 · Mileage Expense Jun 18 - Expen... 10.90 437,556.54

10/31/2018 10895 Roberts, John R. -split- Oct 18 - Expen... 764.28 436,792.26

Health Insurance Nov 18 - Medi... -503.40

Health Insurance Nov 18 - Medi... -161.00

Cellular Phones Nov 18 - Cell p... -99.88




Register: 1020 · SAFCA NLIP - Checking

From 10/01/2018 through 10/31/2018



10/04/2018 2176 Habitat Restoration S... 2120 · Accounts Payab... Inv # 9600 1,150.00 X 265,082.47

10/16/2018 2177 Alpine Demolition Co. 2120 · Accounts Payab... Inv # 360 500.00 264,582.47

10/16/2018 2178 SMUD 2120 · Accounts Payab... 522.49 X 264,059.98

10/16/2018 2179 Natomas Mutual Wat... 2120 · Accounts Payab... Inv # D-180059 2,671.09 X 261,388.89


Documents

Fin Stmts Cover Page - The Natomas Basin Conservancy · October 2018 Unaudited Financial Statements The Natomas Basin Conservancy 2150 River Plaza Dr., Suite 460 Sacramento, CA 95833