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CAPITAL IMPROVEMENT FUND The Capital Improvement Fund accounts for financial resources used for the acquisition or construction of major capital facilities. This is defined by District Finance staff as any project over $5,000. The budget amount for 2001-2002 for this fund is $7,734,106. The attached Capital Improvement Fund projects are the same as those presented to the Board in June 2001, with the exception of the following: 1. Move to 401 Hillcrest $300,000 2. North Ranch Neighborhood Flark play equipment $45,000 3. Lynn Oaks Park irrigation and staircase upgrade $58,000 4. Thousand Oaks Center air conditioning $10,000 5. Conejo Community Center air conditioning $11,500 6. Community garden $5,000 NOTE DEBT SERVICE FUND This fund reflects the use of resources used to meet debt service requirements on general long-term debt. The District has several more payments to be made to the City of Thousand Oaks for the note associated with the construction of Conejo Creek North. The budget amount for 2001-2002 for this fund is $100,000. DISTRICTWIDE ASSESSMENT DISTRICT FUND This fund has been set up in accordance with the Assessment District procedure enacted by the Board after the balloting by the citizens of the District. The revenue from the assessment can be used for both operational and capital project purposes. The budget amount for 2001-2002 for this fund is $1,083,366. The budget includes the addition of three new positions (Grounds Worker I, Grounds Worker II, Park Ranger), as well as costs associated with utilities and park maintenance expenses. GRANTS Grants, as a source of revenue, are received in both the General Fund and the Capital Project Fund.