Attachment B - Total Statement of Revenues and Expenses

Regular Meeting, October 15, 2026 · item 6B: Consideration of a motion to adjourn as the Boulder City Council and convene as the Knollwood Metropolitan District Board of Directors; and … · 1 page

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ATTACHMENT B: STATEMENT OF REVENUES & EXPENSES

Knollwood Metropolitan District Annual Report 2026

Total Year end 2025 Modified Accrual Basis

2025 Budget Property tax revenue Interest income Other revenues Total revenue

192,035 3,275 2,092 197,402

2026 Budget

Unaudited September 30, 2026 year to date actuals (modified accrual)

227,675 227,675

245,841 245,841

Personnel expenses Services and other expenses Principal paid Interest expense Total expenses

32,247 152,431 80,764 265,442

4,717 28,884 145,000 80,764 259,365

10,000 152,000 75,675 237,675

41 37,838 37,879

Change in fund balances

(265,442)

(61,963)

(10,000)

207,962

Notes: - Knollwood Metro District revenues were not included in the City's budget for last year, only expenditures, due to the timing of when Knollwood was merged into the City's operations. - Interest income has not been recorded in the city's system of record for Knollwood as of 9/30/26. This will be allocated in the fourth quarter for the entire year. - The final principal and interest payments will be made in the fourth quarter. Principal due is the $152,000 budgeted, along with an interest payment of $37,837. Outstanding principal at year end will be $2,060,000. - Other expenses may yet be allocated to Knollwood during the city's annual close process.