Annual Obligation 

ProjectName Red Flag Status Source Fiscal Year End Date 2009 Letter Sent Date 2009 2nd Letter Sent Comments 2008 Current Assets 2008 Current Liabilities 2008 Current Ratio

 Mid‐Ohio  Valley Players Organizational
Akron Civic Theatre Organizational 8/31/2009 4/20/2009 Balance Sheet $                                414,209 $                                  860,047 0.48

American Classical Music Hall 
of Fame Financial 12/31/2009 4/20/2009 Balance Sheet $                                219,040 $                                          116 1,890.07

Request for Renewal Letter; 
Notice of Recession of our 
Beck Center for the  Arts Financial 8/31/2009 4/20/2009 Prior Non‐Renewal Notice $                                164,535 $                                  611,838 0.27

Canton Palace Theatre Financial 6/30/2009 4/20/2009

Detroit Shoreway has 
experienced a drop in their 
Cleveland Public Theatre Financial 6/30/2009 4/20/2009 credit rating $                                980,889 $                                  107,949 9.09

Colony Theatre 12/31/2009 4/20/2009

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Detroit Shoreway  12/31/2009 4/20/2009
Galion Big Four Depot  Financial 12/31/2009 4/20/2009

Hale Farm and Village  9/30/2009 4/20/2009

Request for Renewal; 
Johnny Appleseed Heritage  Balance Sheet; Bank 
Center Financial 10/31/2009 4/20/2009 Statements $                                161,536 $                                  423,412 0.38

Lincoln Theatre 6/30/2009 4/20/2009 $                            1,704,866 $                            17,255,946 0.10

Notice of Cancellation of 
Insurance; Request for 
Renewal Letter; Quarterly 
Campaign Report as of 
National Aviation Hall of  9/30/09; Statement of 
Fame  Financial 12/31/2009 4/20/2009 Account; Escrow Agreement $                            1,777,485 $                                  106,187 16.74

National Underground 
Railroad Freedom Center  Financial 12/31/2009 4/20/2009 $                            7,718,885 $                               1,076,256 7.17

Oxford Community Arts 
Center 3/31/2009 4/20/2009 $                                162,388 $                                    23,572 6.89

990 Tax Form, Balance 
Renaissance Theatre 6/30/2009 4/20/2009 Sheets $                            4,013,633

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 Copy of gas, electric and 
insurance bills;  Statement of 
Activities with Budget; 
Statement of Financial 
Sandusky State Theatre Financial 12/31/2009 4/20/2009 Position with Previous Year $                                163,868 $                                    69,516 2.36
Request for Renewal Letter & 
Schuster  Performing Arts  Endowment Fund Balance 
Center 6/30/2009 4/20/2009 Memo $                            5,573,642 $                               5,198,058 1.07

Imagination Station (COSI 
Toledo) 6/30/2009 4/20/2009 $                                  22,214 $                                    20,030 1.11

Valentine Theatre 6/30/2009 4/20/2009 $                                323,417 $                                  303,655 1.07

West Salem Village Opera 
House Financial 12/31/2009 4/20/2009 2008 Annual Report $                                130,508 $                                                ‐

Zion Center 12/31/2009 4/20/2009

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 Annual Obligation Financial  Detailed Written Report  Detailed Written Report  Projected Schedule of Events  Projected Schedule of Events 
2008 Total Debt 2008 Total Assets 2008 Debt Ratio 2008 Change In Net Assets Issues to Escalate Required Submitted Required Submitted

No No
$                    2,496,658 $                     20,138,082 0.12 $                                 (209,826) Yes Yes 6/25/2009

$                                    ‐ $                          256,132 0.00 $                                   (15,988) No

FYE 8/31/08, no financials for 
$                    1,247,238 $                       3,490,702 0.36 $                                 (398,289) 2009 complete yet Yes Yes 1/9/2009

No

$                       236,608 $                       2,308,374 0.10 $                                    27,600 YTD09's (Jul08‐Feb09) No No

No No

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 No No
No

No No

$                       236,000 $                       4,210,540 0.06 $                                   (16,800) No

$                       359,000 $                       6,149,966 0.06 $                               3,241,169 n/a No No

$                                    ‐ $                       4,310,379 0.00 $                                 (334,338) No 1/9/2009 Yes 1/9/2009

Current leg for Federal gov't 
to take over, their 
predepreciation loss is 
improving YTD09's (Jan09‐
$                  46,000,000 $                   110,815,207 0.42 $                             (9,585,579) Jul09) No No 1/16/2009

$                                    ‐ $                       1,440,726 0.00 $                                  122,933 Yes 8/14/2009 Yes 8/14/2009

$                       444,748 $                       9,259,411 0.05 $                                    50,077 Yes 5/20/2009 Yes 5/20/2009

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$                                    ‐ $                       3,753,761 0.00 $                                   (16,232) 09 based off YTD 9/30/09 Yes 4/27/2009 Yes 8/7/2009

$                  11,900,000 $                   103,545,766 0.11 $                             (6,231,999) Yes 1/15/2009 Yes 1/15/2009

$                                    ‐ $                       1,864,706 0.00 $                                 (469,861) No

$                                    ‐ $                       6,995,829 0.00 $                                 (220,688) FYE 6/30/08, no FYE09 yet No

$                                    ‐ $                          270,991 0.00 $                                    24,277 No

No No

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 Audited Financials  Audited Financial  Certification Letter  Emergency Procedural  Emergency Procedural  Insurance Certificate  Insurance Certificate 
Statements Required Statements Submitted Certification Letter Required Submitted Manual Required Manual Submitted Required Submitted

No No No Yes
Yes 6/25/2009 Yes 6/25/2009 Yes 6/25/2009 No 3/6/2009

No Yes 5/14/2009

Yes 1/9/2009 Yes 1/9/2009 Yes 1/14/2009

No No No

No No No

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No No No Yes
Yes 6/3/2009

No No No

Yes 2/28/2009 Yes 2/28/2009 No

No No No

Yes 1/9/2009 Yes 2/2/2009

No No 1/16/2009 No 1/16/2009 No

No Yes 8/14/2009 Yes 8/14/2009 Yes 8/14/2009

No Yes 5/21/2009 Yes 5/20/2009 Yes 5/21/2009

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No 8/7/2009 Yes 5/29/2009 Yes Yes 5/13/2009

Yes 1/15/2009 Yes 1/5/2009 Yes 1/15/2009 Yes 7/7/2009

Yes 9/1/2003 Yes 9/14/2009

Yes 5/15/2009 No Yes 8/10/2009

No Yes 6/16/2009 No

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 Special Fundraising 
Monthly OCFC PM Contact  Monthly OCFC PM Contact  Special Fundraising  Campaign Reports 
Special Obligations Required Completed Campaign Reports Required Submitted Letter of Credit Required Letter of Credit Submitted Team

Need a project, sent them 
checklist in October 2009 for 
Feb 2010 mtg, TC spoke with 
Bobbie and she will prompt 
the board to get going.  She 
will contact TC when she has 
checklist complete or if she 
has any questions.  TC got 
response from Carol by e‐
mail on 11/19/2009, process 
is much more involved than 
anticipated and need to do 
updates prior to having an 
environmental assesment. No No No No No YELLOW TEAM
RED TEAM

They have GRF need to 
establish project match, full 
funding. Letter was drafted 
to Otto on status of project 
in Spring of 2009 GREEN TEAM

Financials concerns. TC to do 
Financial review Yes 9/14/2009 RED TEAM
Non‐ responsive to April 
2009 letter and e‐mails sent 
in November 2009 
requesting obligations and 
financials. RED TEAM

Recommend removing from 
red flag since we now have 
first lein position. BLUE TEAM

Still persuing a partner for 
hisoric tax credits, TC spoke 
with Summer of 2009. GREEN TEAM

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Credit rating dropped 
according to D&B, will 
continue to monitor, last 
report was in Fall of 2009.
They are on fiscal watch BLUE TEAM

TC and BW have meeting in 
Dec 2009. They need 
Guarantor as of 11/19/2009. YELLOW TEAM

RED TEAM
Still not fully funded, LPS 
anticipates funding by first 
quarter of 2010. Yes GREEN TEAM

Recommend removing from 
red flag, Guaranty received 
and approved on 
11/17/2009. GREEN TEAM

LPS is anticipating being 
transfered to Fed Gov and 
which point an  operating 
budget would be 
supplemented which could 
resolve financial concerns GREEN TEAM

TC spoke with LPS in Oct 
2009, urging them to comply 
with OCFC standards to get 
reimbursed. GREEN TEAM

Recommend taking off red 
flag list and is on it was to be 
complete project  in 1/2010, 
they receievd a two yr 
operating grant, which 
should solve their 
sustainability issues for two 
years. GREEN TEAM

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LPS contacted BW and are 
wishing to mover forward. 
AR contacted on 11/18/2009 
with items needed to move 
forward.   RED TEAM

Financial Concerns, TC to 
review financials GREEN TEAM

LW had contact with LPS on 
11/19/2009, construction is 
almost complete, under 
budget, opening and 
attendance has gone well 
according to LPS. BLUE TEAM

Otto drafting letter regarding 
quarterly reports. Yes BLUE TEAM

RED TEAM
LPS finally ready to sign 
agreements. GREEN TEAM

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