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Okay. All courting has started. Okay. It is 332 on August 17th. We have a quorum here of the

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Registration States, Infrastructure, Financing District. Do we have a motion to call this

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meeting to order? I move that we call it to order. And I second that. All those in favor?

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All right.

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This meeting is called to order. We have no preliminary action items today which brings

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us to public comment. We have a motion to open the public comment portion of this meeting.

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That we open the public portion of this meeting. Thank you. I second that.

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All those in favor. All right. The public comment portion of this meeting is open. I don't see

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Any members of the public online, but I'll pause for a moment.

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Okay, hearing none, do we have a motion to close the public comment portion of this meeting?

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We close the public portion of the meeting.

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And I second that.

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Thank you all in favor.

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Aye.

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Aye.

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All right, moving right along, that brings us to the consent items.

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We have two items on the consent agenda today.

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Those being the approval of the draft minutes from the last board meeting on April 29th,

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2026 and a ratification of payments made since that last board meeting.

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Happy to answer any questions that anyone might have.

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If there are none, I would take a motion to approve the draft minutes.

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I review these. They look accurate to me. I approve that we approve them.

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Can I second that?

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All right. Motion in a second. All those in favor.

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Okay. Perfect. The next item are the claims from the last board meeting.

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Those were enclosed in the packet. Again, happy to answer any questions.

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Or if there are none, just a motion to ratify those claims.

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We ratify the payments that have been made.

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And I second that, okay, the motion has been seconded all those in favor.

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All right, that brings us to our action items, we just have one today, and that is the review

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and acceptance of the Q2 financial statements, Lauren, I will let you review those.

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Perfect.

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And I am in a room where I have one screen, so if you could share for me, yeah, that'd be

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perfect.

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Thanks, Nick.

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So board, the financial statements today are as of June 30th, and we're starting with

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the balance sheet here, total assets we're sitting at, just over 58 million, with 47,000

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of that sitting in the General Fund, 38.4 million sitting in the debt service fund, and

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then 19.6 million sitting in the Capital Projects Fund, mostly in that construction account, but

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little bit in the working capital fund. And then on the accounts payable side, it looks like an

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accounts payable balance of 6,980.

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And if we can scroll down one page, Nick,

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the moving to the

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general fund here, so far total revenues are 2614, all of which is the interest income that's come

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in so far. And then total expenditures are 29,930, made up of the administrative costs for accounting

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being looks like district management and then the legal costs that have come through.

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So then after that transfer in or and I had one question on that we have that district

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management actual versus variance, but we didn't have a budget for that.

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Is that something that should be in accounting and auditing or is that separate from?

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I think originally it was all budgeted within the accounting costs there,

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that $20,000, but CLA splits it out since we're doing the district management now. So that's

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why you're seeing that split. It should still all be worked. Was that after we switched from

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Tom kind of helping with it to you guys doing everything? Is that what that represents?

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Yep, exactly. And that's why you're seeing the split. It should still all be within budget

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it, just in the different buckets here.

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Gotcha.

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Thank you.

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Yeah.

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Good question.

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Let's see.

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I think I left off on this transfer from other funds.

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So this 56,020, that represents the administrative carve-out that was transferred from the Capital

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Projects Fund.

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So after that transfer, our ending fund balance is 41,494,

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and then moving to the debt service

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fund.

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Okay. One question on that. That transfers to their fund, that foreground. What does that represent?

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So that hasn't happened yet, but that will be a chance for the paying agent fees. So it'll get paid

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from the general fund. It looks like and it'll get transferred to the debt service fund because that's

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a debt service cost. Does that make sense? Yeah. But then on the debt service fund here, you'll see a chance

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for in 4,000 if we scroll down.

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Yep, so then you'll see that 4,000 right there. So that those

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invoices did come through last month, so you'll probably see that expense on next quarter's financial

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statements as well. Thank you. Then here in the debt service phone so far interest in 2021, 760,

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And then on the expense side, we did have the bond interest payment made on June 1st, 1 million 17,000.

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So then our ending fund balance on the debt service fund is, it's like just under 5.9 million.

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And then lastly, the capital projects fund.

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And so far, interest income of just under $415,000, and then we did have the acceptance

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of reinversible costs of $4.6 million to conceive below as well with the repayment and

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the recognition of costs for that same amount.

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And then the engineering costs that have come through of $13,850, and then lastly, this transfer

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to other funds that we saw for administrative costs, this went to the general fund for

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those, the administrative carve out. So after that movement, it looks like our ending fund

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balance and the capital projects fund is $19,599,898. Any questions I can answer on the

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financials today. No additional questions from me. Thank you.

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None from me either.

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The Nick, I'll let you ask for the motion that you need.

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Sure. Sure. The barring and other questions, we would take a motion and a second to accept

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the Q2 financial statements. We accept the Q2 financial statements.

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And I second that.

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Thank you very much, all those in favor.

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Hi.

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Okay.

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That brings us to the end of our action items.

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A portion of the agenda next.

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It's just an open meeting for.

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Any updates on any public infrastructure business?

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I'll pause here if any board members would like to provide any update.

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I think that we've provided, I think you're up to speed on everything Ryan, so I don't have anything necessarily to, the construction is moving along great.

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On schedule, doing great, we've got our agreement done with highland city.

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Oh, hey, I feel good about where we are.

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Okay, that's great.

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Okay.

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If there is no other business to come before the board today, we would just accept a motion in a second to adjourn at 340.

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We adjourn the meeting.

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And I second that.

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All those in favor?

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Aye.

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Thank you.

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All right.

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We are adjourned. Thanks, everyone.

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Thanks, everybody.

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Thank you.

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You