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Financial Information
Statement of Revenues, Expenses and Changes
in Retained Earnings
For the period from inception
(December 7, 2000) to December 31, 2001
| Operating revenues |
$1,000,000
|
|
|
Public funding |
|
|
| Total operating revenues |
1,000,000
|
|
| Operating expenses |
|
|
| Salaries and benefits |
207,047
|
|
| Professional fees |
333,354
|
|
| Occupancy |
24,148
|
|
| Travel |
13,539
|
|
| Equipment and supplies |
3,704
|
|
| Other Operating Expenses |
19,191
|
|
|
|
|
| Total operating expenses |
600,983
|
|
|
|
|
| Operating income |
399,017
|
|
|
|
|
| Interest income |
4,911
|
|
|
|
|
| Net income |
403,928
|
|
|
|
|
| Retained earnings at beginning of period |
—
|
|
|
|
|
| Retained earnings at end of period |
$403,928
|
|
Statement of Revenues, Expenses and Changes
in Retained Earnings
For the year ended December 31, 2002
| Operating revenues |
|
|
| Hamilton County Grant |
$350,000
|
|
| City of Cincinnati Grant |
200,000
|
|
| Princeton School District Grant |
|
|
| Kemper Road |
180,000
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| Mill Creek Restoration Project |
43,964
|
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| Other Income |
28,015
|
|
| Interest Income |
4,263
|
|
|
|
|
| Total operating revenues |
806,242
|
|
|
|
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| Operating expenses |
|
|
Salaries, health, retirement and other
related fringe benefits
(full and part-time employees) |
317,236
|
|
| Legal Services |
102,953
|
|
| Other Operating Expenses |
95,424
|
|
| Environmental Professional Services |
72,939
|
|
| Professional Consulting Services |
62,801
|
|
| Urban Design Services |
37,591
|
|
| Real Estate Services |
44,079
|
|
| Business Communications Services |
24,108
|
|
| Accounting and Auditing Services |
21,573
|
|
| Public Relation Services |
9,440
|
|
| Engineering Services |
1,509
|
|
|
|
|
| Total operating and project expenses |
789,652
|
|
|
|
|
| Net income |
16,590
|
|
|
|
|
| Retained earnings at beginning of period |
403,928
|
|
|
|
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| Retained earnings at end of period |
$420,518
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