Professional Documents
Culture Documents
November 13, 2014 Meeting Information
November 13, 2014 Meeting Information
November 13, 2014 Meeting Information
DEVELOPMENT:
Cassandra Thomas reported on the 33rd Annual Steak Dinner. There were 520 attendees and
we have grossed $181,500. They are still crunching numbers and will report to the member
the net once available. She also thanked Jeff Ortmeier and his team for the support. Other
activities going on:
The Plant City BBQ on 9/25. $10 for lunch, Sheriffs Department will help deliver
orders to your company.
Arcadis Golf Tournament is scheduled for 11/14 at River Hills Country Club.
Morning tee time with breakfast/lunch and awards ceremony.
Columbia Restaurant is holding their Annual Harvest the month of September. Dine at
any Columbia Restaurant and you can donate 5% of your total check to charity.
Popeyes have their $1 coupon book available for sale. Last year $10K was raised.
Greg Hearing started the Board & Staff Appreciation and would like for it to continue.
This years event will be held October 4th at Whiskey Joes. Brad asked the board
members to attend with their family or help by giving financially.
Brad thanked the board for their efforts and is proud of what theyve accomplished.
With no other business, Marc closed the meeting at 1:15 pm.
___________
Date
Board of Directors
From:
Date:
Please find attached the Statement of Financial Position and the Statement of
Activity for the Unrestricted Fund for the nine months ended September 30,
2014.
The remarks below are made regarding gross operations including all sources of
funding. Year to date, we have a healthy favorable budget variance of $154,000
in Net Surplus/(Deficit). See explanation of significant budget variances below:
Total Public Support Ahead of Budget by $262,000
We are ahead of budget in Fees & Grants by $166,000 due primarily to the
renewal and expansion of the DOE and DJJ grants through the Florida Alliance.
Additionally, we have a comfortable budget variance in contributions of $74,000.
Contributions by their nature are difficult to predict as to their timing. We use
prior year experience to determine the current year budget by period.
Total Revenue Behind Budget by $67,000
This is due to the deterioration of membership revenue in many clubs due to the
increasing number of members on scholarship which is tied to the DJJ grant
funding that we receive for SMART programs and GPTTO programs in a large
number of our clubs through the Florida Alliance. The youth served in these
programs are not charged membership dues.
Net Special Events Ahead of Budget by $49,000
This is due in large part to the addition of the Great Futures Golf Challenge and
the Great Futures Golf Scramble, both new events this year that are shared
events with the BGCTB Foundation.
Total Personnel Costs Overage of $69,000
We have added several new program staff to assist with the management of the
new DOE and DJJ grants that we have acquired in the last 12 to 18 months. See
the comments above regarding Fees & Grants.
Page 2 of 2
Page 1
Temporarily
Restricted
Fund
9/30/2014
Unrestricted
Fund
9/30/2014
Total
All
Funds
9/30/2014
Endowment
Fund
9/30/2014
Total
All
Funds
9/30/2013
ASSETS
Current Assets
$1,282,463
$1,144,034
$0
$2,426,498
$1,632,100.85
Investments
$245,124
$0
$710,978
$956,102
$1,823,218.82
Accounts Receivable
$548,469
$0
$0
$548,469
$442,502.85
$19,307
$18,731
$0
$38,037
$71,770.50
$923,780
$0
$0
$923,780
$731,387.26
$81,227
$0
$0
$81,227
$88,197.86
$3,100,370
$1,162,765
$710,978
$4,974,113
$4,789,178.14
$7,593,995
$0
$0
$7,593,995
$7,191,044.90
$52,500
$0
$0
$52,500
$60,000.00
$0
$117,375
$0
$117,375
$80,930.43
$0
$75,965
$0
$75,965
$82,333.28
$3,980
$0
$0
$3,980
$2,610.06
$7,650,475
$193,340
$0
$7,843,815
$7,416,918.67
$10,750,845
$1,356,105
$710,978
$12,817,928
$12,206,096.81
Accounts Payable
$141,867
$0
$0
$141,867
$125,045.72
Accrued Expenses
$192,757
$0
$0
$192,757
$197,357.60
$320,027
$31,579
$0
$351,606
$67,528.18
$50,500
$4,000
$0
$54,500
$4,674.00
$705,151
$35,579
$0
$740,730
$394,605.50
TOTAL ASSETS
Deferred Revenue
Total Current Liabilities
Page 2
Temporarily
Restricted
Fund
9/30/2014
Unrestricted
Fund
9/30/2014
Total
All
Funds
9/30/2014
Endowment
Fund
9/30/2014
Total
All
Funds
9/30/2013
Other Liabilities
Deferred Lease Revenue
$168,000
$0
$0
$168,000
$216,000.00
$168,000
$0
$0
$168,000
$216,000.00
$873,151
$35,579
$0
$908,730
$610,605.50
$2,340,216
($9,492)
$0
$2,330,724
$1,008,306.79
Total Liabilities
Net Assets
$7,527,987
$0
$0
$7,527,987
$8,702,359.71
Temporarily Restricted
$9,492
$1,330,017
$0
$1,339,509
$1,209,736.86
Permanently Restricted
$0
$0
$710,978
$710,978
$675,087.95
$9,877,694
$1,320,526
$710,978
$11,909,198
$11,595,491.31
$9,877,694
$1,320,526
$710,978
$11,909,198
$11,595,491.31
$10,750,845
$1,356,105
$710,978
$12,817,928
$12,206,096.81
Total
Actual
09/30/14
Public Support and Revenue
Public Support
United Way & Combined Campaigns
Contributions
Funds Released from Restriction
Fees & Grants
Total Public Support
642,361
1,282,262
118,891
1,809,523
3,853,037
636,350
1,208,125
103,125
1,643,800
3,591,400
252,495
1,790
16,380
270,665
688,186
(116,875)
571,311
Total
2014
Budget
843,100
1,782,500
237,500
2,063,250
4,926,350
632,605
1,209,753
97,034
1,617,337
3,556,729
6,011
74,137
15,766
165,723
261,637
0.9%
6.1%
15.3%
10.1%
7.3%
313,800
4,900
18,725
337,425
(61,305)
(3,110)
(2,345)
(66,760)
(19.5%)
(63.5%)
(12.5%)
(19.8%)
364,000
6,700
25,000
395,700
602,000
(80,000)
522,000
86,186
(36,875)
49,311
14.3%
(46.1%)
9.4%
630,000
(80,000)
550,000
9,756
72,509
21,857
192,186
296,308
1.5%
6.0%
22.5%
11.9%
8.3%
305,254
1,769
19,655
326,678
(52,759)
21
(3,275)
(56,013)
(17.3%)
1.2%
(16.7%)
(17.1%)
460,690
(64,332)
396,358
227,496
(52,543)
174,953
49.4%
(81.7%)
44.1%
Revenue
Program Service Revenue
Investment Revenue
Other Revenue
Total Revenue
Special Events
Special Event Revenue
Special Event Expenses
Net Special Events
Total Public Support and Revenue
Expenses
Personnel Costs
Salaries
Employee Benefits
Payroll Taxes
Other Employee Costs
Total Personnel Costs
4,695,013
4,450,825
244,188
5.5%
5,872,050
4,279,765
415,248
9.7%
2,104,636
193,665
158,990
75,720
2,533,011
2,035,000
195,500
168,000
66,000
2,464,500
(69,636)
1,835
9,010
(9,720)
(68,511)
(3.4%)
0.9%
5.4%
(14.7%)
(2.8%)
2,783,000
260,750
231,000
88,100
3,362,850
1,870,725
176,795
149,336
54,194
2,251,050
(233,911)
(16,870)
(9,654)
(21,526)
(281,961)
(12.5%)
(9.5%)
(6.5%)
(39.7%)
(12.5%)
Actual
09/30/14
Operating Costs
Professional Fees
Contract Services
Supplies
Information Technolgy
Occupancy Expense
Equipment Expense
Printing & Postage
Transportation Expense
Training, Travel & Meetings
Program Services
Other Expenses
Total Operating Costs
Total Expenses
NET SURPLUS/(DEFICIT)
BGCTB Foundation Support
(See Separate Schedule of Support)
NET SURPLUS/(DEFICIT) BEFORE
BGCTB FOUNDATION SUPPORT
Total
2014
Budget
46,700
118,370
204,534
90,101
992,447
42,790
18,057
121,972
64,329
176,115
60,351
1,935,766
55,000
154,000
202,500
66,000
960,000
41,500
11,500
151,000
50,000
165,000
58,000
1,914,500
8,300
35,630
(2,034)
(24,101)
(32,447)
(1,290)
(6,557)
29,028
(14,329)
(11,115)
(2,351)
(21,266)
15.1%
23.1%
(1.0%)
(36.5%)
(3.4%)
(3.1%)
(57.0%)
19.2%
(28.7%)
(6.7%)
(4.1%)
(1.1%)
73,000
204,500
270,000
88,000
1,277,900
55,000
15,000
201,800
55,600
196,500
77,500
2,514,800
68,830
129,733
196,522
60,877
894,291
31,704
13,225
136,569
42,669
166,037
53,406
1,793,863
22,130
11,363
(8,012)
(29,224)
(98,156)
(11,086)
(4,832)
14,597
(21,660)
(10,078)
(6,945)
(141,903)
32.2%
8.8%
(4.1%)
(48.0%)
(11.0%)
(35.0%)
(36.5%)
10.7%
(50.8%)
(6.1%)
(13.0%)
(6.8%)
4,468,777
4,379,000
(89,777)
(2.1%)
5,877,650
4,044,913
(423,864)
(10.5%)
226,236
71,825
154,411
215.0%
234,852
(8,616)
(3.7%)
348,146
180,000
168,146
93.4%
380,000
292,634
55,512
19.0%
(121,910)
(108,175)
(13,735)
(12.7%)
(385,600)
(57,782)
(5,600)
(64,128) (111.0%)