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Thanks for your reminder, Betsy. Alright, it's 9-0-1. We're calling it to order. We've got Dave and John on, so we've got two of our three and have a quorum this morning. You can see the agenda on the screen in front of you. I'll scroll down here. First item up is preliminary action items. Any conflicts, disclosure updates to make?

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No updates, just with the, you know, on, oncoming banker, ongoing bankruptcy. I don't know if that affects anything.

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Okay. Okay. Yeah, I don't think so. It's kind of outside of the district.

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The agenda is in front of you. Any comments, edits? You want to make to the agenda?

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If not, I'd entertain a motion to approve. And I can motion to approve the agenda as listed.

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And I'll second that motion. Okay. And since there's just two of you that won't make

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Anybody there in person in the public?

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No, no one here and Lauren, anyone at your place either?

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No one here either.

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Great.

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All right.

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I don't see anybody online, so we'll skip public comment.

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Gets us down to action items.

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We've got a couple sets of meeting minutes here to approve.

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I'll pull those up.

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If you have any edits, speak up.

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Otherwise, we'll entertain motions to approve them.

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So these are that it's December 15th meeting minutes.

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Yeah, I was able to review those last night.

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Yeah, I make motion to prove the minutes.

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And I'll second that motion.

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All right.

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Thank you.

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So that would be December 15th minutes, December 29th.

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Same.

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Yeah.

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I make motion to prove it December 29th minutes.

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And I second that for the 29th.

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Thank you both.

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We've got back to the agenda here real quick.

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We've got the financial statements,

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running through December 31st for district one,

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and then also through first quarter of 2026.

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Lauren, anything you want to present on these,

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And you can roll into the gratification payment claims too if you'd like.

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Yeah, if we could just do a really high level, like summary, I'll go through each page if that's okay Blair.

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Yeah.

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I'll go pretty quickly here, but if we can start with the balance key for 2025.

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So,

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board, I'm here as of December 31st, 2025, total assets is sitting at just under

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50.5 million.

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Again, I'll kind of go through quickly, but the majority of that in the debt service

43
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fund, 41.3 million, got 9.1 in the capital projects fund, and then just under 40,000 in

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the general fund.

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And then accounts payables just under 50,000 again as of December 31st.

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And that's it for the vouchee,

47
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and then moving on to the general fund.

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Total revenues were just over $1,000, all of which was that interest in fund.

49
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Total expenditures were sitting at $114,000, $43 for those administrative costs, so then

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after some chances between funds, ending fund bounce was $0,000, the general fund.

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And then moving to the debt service fund, thanks Blair, total revenues, interest income

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were $246,897, and then we do have those assets for revenues that came in just over $3.3

53
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million.

54
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And then after expenditures for bond interest and paying agent fees, ending fund balance

55
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was just under $6.8 million,

56
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and then the capital projects fund.

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interest income, again, total revenues $415,642, and after those administrative costs

58
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and recognition of costs of $4.7 million ending fund balancing capital projects fund

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was just over $9 million,

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and that's all I've got there, Blair, if you want to entertain

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in the motion for 2025 first.

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Yep, I entertain a motion to approve those financials.

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Yeah, I make a motion to approve the financials

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as presented.

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And I'll second that motion.

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All right, thank you both.

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You want me to go to first quarter, come on.

68
00:05:03,600 --> 00:05:04,580
Yes, that's great.

69
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Thanks, Blair.

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We'll go through the same sheets.

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So total assets very similar as of March 31st, 50.5 million here with 41.3 million in the debt service fund, 29,000 in the general fund and just over 9.1 million in the capital projects fund, with accounts payable sitting at just over 69,000.

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If we move on to the general fund, so far, total expenditures are just over 44,000, again

73
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for those administrative costs, and then after some transfers between funds, spending

74
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fund balances, spending at a negative 7,000.

75
00:05:51,910 --> 00:05:57,550
And if we can take a look at the debt service fund, we do have interest income that came

76
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of just over 57.5,000 total expenditures just made up of those trustee fees so far that

77
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came in from UMB just over 32,000 so that brings the ending fund balance and the debt

78
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service fund to just over 6.8 million and then in the capital projects fund total revenues

79
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made up of interest income and other revenues totaling 84,100 total expenditures just the small

80
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amount of engineering costs here, and then after our transfers between funds, that brings

81
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our ending balance to just over 9.1 million.

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Any questions on the Q1 financials?

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Not for me.

84
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No.

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Entertain a motion to approve as presented?

86
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Yes.

87
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I make a motion to accept the Q1 2026 financial statements as presented.

88
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and I'll second that motion thank you both it

89
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gets us down to payment of claims

90
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who are not pulled out for you. So Ford you probably can imagine that these are

91
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we're already shown up in the extent these above but these are the the expenditures

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that have gone out between January 1st and March 31st of this year so that total

93
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is $65,161.

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This is made up of those legal costs, insurance, and then some audit and accounting fees.

95
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Any questions on these expenditures?

96
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Do you have any, John?

97
00:07:51,110 --> 00:07:51,230
Nope.

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There are no questions to entertain a motion to approve the claims available as present.

99
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Yeah, I make a motion to approve and ratify the payment of claimants as present.

100
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And I'll second that motion.

101
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Thank you.

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Right, that gets us through those action items.

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Learn anything else on the financial side.

104
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Nothing else on the financial side.

105
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One thing that's top of mind for us is continuing

106
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disclosures are coming up.

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If they do the fifth of May.

108
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So Dave and John, we will be sending here shortly, probably

109
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the next couple of days.

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Those documents just for you to review and sign as well.

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and I out. Right. Okay.

112
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Right. Any discussion items not covered on the agenda?

113
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Not hearing

114
00:08:50,500 --> 00:08:56,960
any administrative non-action items. Just a reminder about the annual board training. Yeah.

115
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And the link is here if you're haven't completed yet. Yeah, I haven't. How long does that take usually?

116
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Sorry. I think it's about 10 minutes maybe. Okay. And then does it automatically like when you

117
00:09:09,580 --> 00:09:13,200
click on the link and you're finished it you guys are aware of it and you get

118
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creditor do I need to let you guys know you'll need to let us know you can

119
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usually get a certificate that you just download and you can email us that

120
00:09:20,260 --> 00:09:25,960
okay it sounds good and just one other item John were you able to connect with

121
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Allison on getting the notary on the disclosures that she needed oh shoot I'll

122
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I'll do that.

123
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Oh great, great.

124
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Okay.

125
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I'll let her know if she'll look up for it.

126
00:09:37,720 --> 00:09:40,000
Um, how do you just think she could

127
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resend that to me so I could know

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when I'm getting notarized?

129
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Yeah.

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Yeah.

131
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Yeah.

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It's the four and just for your

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invoices, it's the form that you,

134
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you actually filled it out and signed it,

135
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but it just required a notary.

136
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So I got you.

137
00:09:55,020 --> 00:09:57,380
It may be if you have one there or.

138
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I think most banks have an

139
00:10:01,080 --> 00:10:08,880
Yeah, but if she could just send that document back to me and I'll get it notarized and send it to her. Perfect. We'll send it this morning. Okay. Thank you.

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Right in the just a reminder our next meetings July 29th.

141
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Awesome. You can't wait guys.

142
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Come on. You like us better than that. No, no.

143
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I'm going to get that serious up.

144
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Anything else before we adjourn?

145
00:10:28,600 --> 00:10:34,920
Yeah, just kind of high level with just with the bankruptcy going through.

146
00:10:35,460 --> 00:10:39,180
I mean, how long do we, if new ownership, you know,

147
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they're talking about, you know, restructuring the project.

148
00:10:42,700 --> 00:10:48,950
Does that affect us or I mean, you think that probably new owners

149
00:10:48,950 --> 00:10:51,650
would want different people in, but I don't know.

150
00:10:52,150 --> 00:11:04,250
Yeah, once the property ownership changes or if it changes, they would need to put their own people on the board who are representative agents of the property owner.

151
00:11:04,630 --> 00:11:06,510
And they go through and do that through the city level, right?

152
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That's right. Yeah.

153
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All right.

154
00:11:10,490 --> 00:11:11,150
Sounds good.

155
00:11:11,710 --> 00:11:12,910
Thank you.

156
00:11:12,990 --> 00:11:14,310
All right. Thanks guys.

157
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Thank you very much.

158
00:11:15,110 --> 00:11:15,990
Thank you very much.

159
00:11:16,050 --> 00:11:16,670
Thank you very much.

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Bye.