BOARD OF TRUSTEES MEETING December 8, 2014 4 – 5 PM … · 2019. 12. 8. · BOARD OF TRUSTEES MEETING December 8, 2014 4 – 5 PM Seattle, Washington AGC Conference Center PURPOSE

BOARD OF TRUSTEES MEETING December 8, 2014

4 – 5 PM Seattle, Washington

AGC Conference Center

PURPOSE OF MEETING: To conduct the business affairs and establish policies of the association. DESIRED OUTCOMES:

Adoption of business reports. Knowledge of key association activities. Approval of 2015 budget.

AGENDA TAB CONSENT AGENDA (1 min.)

1. Approval of November summary minutes 1 2. Approval of December Membership report 2

WRITTEN REPORTS (1 min.)

1. District Reports: Central, Northern, Seattle, Southern 3 2. Department Report: Property Committee 4

ORAL REPORTS 1. First Vice President’s Report – Gary Smith (5 min.) 5 a. Recognition of outgoing Board members

b. Nominating Committee update 2. Executive Vice President’s Report – David D’Hondt (5 min.)

3. Annual Convention update – Gary Smith (5 min.) 4. AGC investment portfolio review – Greg Robinson, Marshall & Sullivan (20 min.)

INTERACTIVE DISCUSSION/ACTION

1. Review / approval of October Financials – Kelly Barber (10 min.) 6 2. Recommended approval of proposed 2015 budget – Kelly Barber (5 min.) 7 3. Proposed 2015 Legislative Priorities – Jerry VanderWood (5 min.) 8 4. Evaluation of 2014 Board meetings / survey – Gary Smith (2 min.) 9

NEW BUSINESS (1 min.) Announcements:

Dec. 9 Central District holiday social, Yakima, Mickey’s Pub & Orion Theater, 6:30 PM Dec. 17 Central District holiday social, Wenatchee, Chateau Faire le Pont Winery, 4 PM

Jan. 23 Annual Convention, Seattle Four Seasons, 1 PM Installation of Officers & Board Feb. 16 Board of Trustees mtg., 11 AM – 1:30 PM, AGC Conference Center

Note: Seattle District Holiday Open House follows today’s Board meeting, 5 PM, Harborside Rm.

TAB 1

SUMMARY MINUTES AGC OF WASHINGTON BOARD OF TRUSTEES MEETING NOVEMBER 10, 2014

1

BOARD MEMBERS PRESENT Joe Simmons Joseph S. Simmons Construction, Inc. Delton Bonds Mountain States Const.Co Paul Cressman Ahlers & Cressman, PLLC Ken Day Ness & Campbell Crane, Inc. Jake Jacobson Osborne Construction Company Todd Kunzman Andgar Corporation Annie Lombroia Ashbaugh Beal Nancy Munro MidMountain Contractors, Inc. John Parker UNIMARK Construction Group LLC J. Schaufelberger UW College of Built Environments Mark Seaman J.R. Abbott Construction Inc. Glyn Slattery Lydig Construction, Inc. Gary Smith Lease Crutcher Lewis WA, LLC BOARD MEMBERS ABSENT Butch Brooks Brooks Construction Management John Korsmo Korsmo Construction, Inc. Brent Levander Centennial Contractors Enterprises Brian Westerlund Veca Electric & Technologies Sharon Young Concord Construction, Inc.

STAFF/GUESTS PRESENT David D’Hondt AGC of Washington Tim Attebery AGC of Washington Kelly Barber AGC of Washington Richard Bristow AGC of Washington Greg Crisostomo AGC of Washington Jerry Dinndorf AGC of Washington Liz Evans AGC of Washington Randy Guzman AGC of Washington Dave Kearby AGC of Washington Mandi Kime AGC of Washington Diane Kocer AGC of WA Ed. Foundation Andrew Ledbetter AGC of Washington Sean Lewis AGC of Washington Doug Peterson AGC of Washington Kerry Soileau Ferguson Construction, Inc. Dani Tijan AGC of Washington Jerry VanderWood AGC of Washington Ian McFarland University Mechanical Contractors, Inc. Bryan Kelly Oles Morrison Galon Blanton OSHA

CALL TO ORDER President Joe Simmons called the meeting to order at 11:00 a.m. CONSENT AGENDA Action: It was moved (Day), seconded (Schaufelberger), and carried to accept the September summary minutes. It was moved (Jacobson), seconded (Day), and carried to accept the October and November Membership reports as presented. October Membership Report (approved by AGC Officers on 10/13/14) The following candidates have been screened and meet the proper classification requirements:

NEW MEMBERS

ASSOCIATE Seattle District Sound Weather LLC, Seattle, WA

INTRODUCTORY RETRO GENERAL CONTRACTOR Seattle District Western Ventures Construction, Inc., WA INTRODUCTORY SUBCONTRACTOR Southern District Mission Glass, Tumwater, WA November Membership Report The following candidates have been screened and meet the proper classification requirements: NEW MEMBERS ASSOCIATES Seattle District Alaska National Insurance Company, Seattle, WA Fulcrum Crane International, LLC, Seattle, WA


2

PacifiCAD, Inc., Seattle, WA Steeler, Inc., Seattle, WA Southern District Federal Way Public Schools, Federal Way, WA

INTRODUCTORY GENERAL CONTRACTOR Northern District Chad Fisher Construction LL., Burlington, WA

INTRODUCTORY SUBCONTRACTOR Southern District Northeast Electric, Woodland, WA SUBCONTRACTOR Seattle District Goodnight Construction, Monroe, WA WRITTEN REPORTS The following written reports were made available to the Board: district reports by the Central, Northern, Seattle and Southern districts; and, Legal Affairs Committee report (copy attached to original meeting summary).

ORAL REPORTS President’s Report – President Simmons reported on the following:

Past Presidents and Old Timers’ Night – approximately 25 past presidents attended; the oldest from 1965 – John Frodesen. Per Simmons, it was a great, fun evening reminiscing with friends.

National and Chapter Leadership Conference – Gary Smith, Nancy Munro, Dave D’Hondt, as well as Simmons attended this year’s conference. Simmons noted that this year’s event was a bit muted from past years as the Representatives and Senators were not in session. The AGCWA group left position papers at their respective offices. Simmons found the conference to be worthwhile.

AGCWA / AGC Education Foundation Partnering Agreement – The officers of AGCWA and AGC Education Foundation continue to define their Joint Partnering Agreement. Per Simmons, they have one more issue to work out and plan to meet tomorrow to discuss it.

Westlake Cycle Track – Jerry Dinndorf gave an updated report on the Westlake Cycle Track. He noted that there continues to be an apparent lack of understanding by the City of the safety issues for vehicles / bicyclists / pedestrians, particularly at the intersection of Highland and Westlake. AGC is of the opinion that the City needs to control the right of way for the bicyclists and pedestrians to make it safe for everyone including vehicles entering and exiting from Westlake. D’Hondt stated that he would like Board approval to hire legal counsel, if deemed necessary, to address concerns regarding the safety issues. Simmons suggested AGCWA consider contacting the Seattle Police Department and/or other traffic signal experts for further input. Jacobson recommended discussing this issue with AGCWA’s liability insurer for their input as well.

Action: It was moved (Jacobson), seconded (Day), and carried for the AGCWA to proceed as necessary in hiring legal counsel, if deemed appropriate, to deal with the City in addressing AGCWA’s interests and safety concerns regarding a proposed Westlake Cycle Track. It was reported that up to $5k was available for this purpose from the Board Contingency Fund.

Executive Vice President’s Report – Executive Vice President David D’Hondt reported on the following:

King County Construction Career Day – This year’s KCCCD was a one-day event with 650 students attending.


3

Western Chapters Execs Mtg. – The Utah Chapter has made available to its members a new benefit called Social 5 Media, where social media is handled by a professional group of writers that handle tweets and blogs. D’Hondt stated that this could potentially be a great benefit for AGCWA members. The approximate cost is $4k/yr.

Future Leaders Forum (FLF) Presentation – Representatives Ian McFarland and Bryan Kelly from AGCWA’s FLF gave an up-to-date report on their group’s recent activities and objectives. In 2007 the AGC FLF was created as an avenue to assist young professionals in becoming leaders in our industry and to help them get involved with AGC in an active, long-term membership. It was noted that FLF is focused on providing events centered on education, professional development and networking to enhance participants’ knowledge of the local marketplace, the construction industry, the AGC and their own potential as leaders. Per McFarland recent educational events include the FLF Leadership Series and the Economic Update with AGC Chief Economist Ken Simonson. Both McFarland and Kelly asked Board members to encourage participation from employees within their companies, help mentor, and to demand more from the FLF. Northern District Manager Liz Evans advised that she would have an FLF booth available at the upcoming convention. Executive Director of the AGC Education Foundation, Diane Kocer, reported on a mentorship program being offered this week to 45 Central Washington University students in the Construction Management program wherein they will spend the morning with five industry panelists and go to a job site in the pm. INTERACTIVE DISCUSSION/ACTION AGCWA / OSHA Alliance – Director of Safety Mandi Kime reported on AGCWA’s 10 yr. partnership with Labor and OSHA; the fourth oldest alliance in the country. Representatives from the U.S. Dept. of Labor and OSHA (Galen Blanton) were present to sign and renew the alliance. A group photo was taken to memorialize this event.

Controller’s Financial Report – Controller Kelly Barber reviewed the financials for the month ended September 30, 2014. He stated that the association and properties continue to do well. As of September 30, 2014, the Net Operating Income (NOI) equaled $1.242M vs. a year-to-date budget NOI of $586k creating a favorable year-to-date budget variance of $656k. The year-to-date positive revenue variance of $517k combined with the positive expense variance of $139k produced the total favorable year-to-date budget variance of $656k. The year-to-date positive revenue variance of $517k was primarily from above budget revenue in Retro Sponsorship, Membership Dues, Building Rent, and all other revenue categories except Program and Event revenue. The year-to-date positive expense variance of $139k was primarily comprised of under budget expenses in most expense categories except Insurance / Tax expense. As of September 30, 2014, AGC’s 2014 annual forecast net operating income equaled $722k versus an annual budget net operating income of $15k. The building’s occupancy rate was 93% as of September 30, 2014.

Action: It was moved (Slattery), seconded (Day), and carried to approve the September Financial Report as presented. Draft 2014 Budget Review – Controller Kelly Barber reviewed the proposed 2015 operating and capital budgets for the Board. It was noted that the consolidated 2015 proposed operating budgeted revenue totaled $6,174,933, an increase from 2014 budgeted revenue of $231,662; 2015 budgeted expense


4

totaled $6,093,104, an increase from 2014 budgeted expense of $164,562; with a $81,829 budgeted net operating income for 2015, an increase of $67,100 from 2014 budgeted net operating income. 2015 proposed Capital Property and Equipment budget totaled $641,430 compared to $1,212,000 for 2014. 2015 Association Expense proposed budget totaled $3,711,379 compared to $3,668,816 for 2014.

Proposed Budget Contingencies include: $5k Public Works Promotion $20k Board Contingency $8k Local Government Affairs $3.5k Legal Research / Representation

Proposed Capital Budget (major items) include: $129k Seattle Building Maintenance & Repair $205k Tenant Improvements / Lease Commissions $55k Replace Fife Building Roof $70k Renovate Restrooms $105k Database / Webpage upgrade

Proposed Budget Summary: Supports Board-approved assumptions and priorities Continues investment in AGC properties Maintains member benefits, education and safety services

Barber asked Board members to contact any of the Officers, Executive Vice President, or Controller if they have additional questions or comments; the 2015 proposed budget will come up for final adoption on December 8, 2014, the next Board meeting.

Government Affairs Committee Update – Chief Lobbyist Jerry VanderWood reported on the results of the recent election. He advised that during the 2014 elections, the primary focus of AGC’s BUILD PAC was to help the pro-business Majority Coalition Caucus maintain control of the Senate. Of the candidates endorsed by AGC’s BUILD PAC in the House, 91% won; and, 100% of the endorsed candidates won in the Senate. Republicans have the majority in the Legislature. Per VanderWood, all 7 candidates endorsed by AGC of America won. He noted that 2015 will focus on monies available for education and transportation. Announcements – November 14 Labor Trust Seminar (Benefits), AGC Conference Center, 10 AM November 19 AGC/NAIOP/AIA Construction Outlook, MOHAI, 7:30 AM December 5 Southern District holiday open house, Fife office, 4-7 PM December 8 Board of Trustees mtg., AGC Conference Center, 3:30 – 5 PM Seattle District holiday open house & public officials’ reception, Harborside Rm., 5-8 PM December 9 Central District holiday open house, 6:30 – 8:30 PM The meeting was adjourned at 12:55 PM.

________________________________________________________________________________ Mark Seaman, Secretary/Treasurer Date

TAB 2

TAB 3

TAB 4

Date: December 8, 2014

To: AGC Board of Trustees

From: Gary Smith, Property Committee Chair

Re: Property Report

This will be the final Property Report for the year 2014. Looking back over the past twelve months, one would have to conclude it has been an exceptionally good year for the property.

Financially we ended the year with greater than expected revenues due in large part from rent and parking income and reductions in budgeted operating expenses, which gave us the opportunity to contribute approximately $200,000 to the building reserve account.

We also invested in several major capital improvement projects this past year. They were the building piling maintenance project ($321,000), the last phase of re-decking our marina piers ($85,000) and the replacement of the building HVAC controls ($103,000).

The building continues to be close to 100% occupancy, and brokers continue to assure us we will have no space available to market in the near future based on current leasing activity in South Lake Union and the lack of smaller spaces to rent.

In closing, I want to recognize the work of our Property Committee members. These individuals religiously attend every meeting, contribute to the discussion and decision-making on a variety of issues and volunteer their time when called upon for special committee or task force assignments. It is through their interest and dedication that our property continues to generate the outcomes we have benefited from over the years.

It has been my pleasure to serve in the capacity of Property Committee Chair this past year, and I am looking forward to another year of service.

Tab Five

TAB 6

Page 1 of 2

For Internal Use Only

AGC 2014 October Financial Notes Net Operating Income – see Consolidated Statement of Operations (Page 9) As of October 31, 2014 the Net Operating Income (NOI) equals $1.021 million vs. a year-to-date budget NOI of $318K creating a favorable year-to-date budget variance of $703K. The year-to-date positive revenue variance of $537K combined with the positive expense variance of $166K produces the total favorable year-to-date budget variance of $703K. Income Variance The year-to-date positive revenue variance of $537K (see Consolidated Statement of Operations – YTD Variance column) is primarily from above budget revenue in Retro Sponsorship, Membership Dues and all other revenue categories except Program and Event revenue. Expense Variance The year-to-date positive expense variance of $166K is primarily comprised of under budget expenses in most expense categories except Insurance / Tax expense and Building expense. Accounts Receivable

Building Marina AR Parking AGCEF Other AR Total

September 33,161 13,070 67,988 16,990 72,527 203,737

October 13,056 (92) 24,967 24,256 68,820 131,008 Note: AR Building primarily represents past billings from building tenants.

AR Marina primarily represents past billings from moorage tenants. AR Parking primarily represents receivables for parking. AR AGCEF represents billings to AGC Education Foundation

AR Other represents billings outstanding for purchases and events (i.e. annual meeting, sponsorships, membership dues, Retro, etc.).

Page 1 of 38

AGC Financial Notes - Continued

Page 2 of 2

For Internal Use Only

AGC Actual / Forecast --- see 12 Month Actual / Forecast to Budget As of October 31, 2014, AGC’s 2014 annual forecast net operating income equals $787K versus an annual budget net operating income of $15K. AGC Building: Occupancy rate is 93% as of October 31, 2014.

Page 2 of 38

For Internal Use Only October-14

2014 2014Total Total

Actual / Forecast Budget VarianceRetro Plan Income 1,986,316 1,713,000 273,316Retro Exp Gross (1,474,046) (1,488,000) 13,954

Net Retro Income 512,270 225,000 287,270

REVENUESMembership Dues 1,801,985 1,675,000 126,985Program Revenue / Grant Revenue 159,358 167,025 (7,667)Event Revenue 256,633 246,525 10,108Building / Retail Rent (Seattle, Marina, Fife) 2,688,424 2,691,435 (3,011)Other Rent Revenue (Parking, Moorage) 969,484 886,010 83,474Other Revenue / CAM 77,284 35,646 41,638Misc Income 15,651 16,630 (979)Gain/Loss on Disposal of Asset 0 0 0

Operating Revenue 5,968,819 5,718,271 250,548

TOTAL REVENUE 6,481,089 5,943,271 537,818

EXPENSESSalaries 2,167,326 2,207,363 40,037Payroll Burden Taxes & Benefits 616,784 640,455 23,671Auto Expense / Corporate Travel 28,356 35,213 6,857Miscellaneous Meetings 73,337 93,520 20,183Consultant Fees 54,027 53,799 (228)Office Expense 67,714 76,225 8,511Membership Dues/Donations 152,417 159,933 7,517Rent 66,193 80,200 14,007Technology Expense 57,816 72,200 14,384Phone Exp. 32,742 34,260 1,518Program / Grant Expense 65,765 92,977 27,212Membership Promotion 125,404 184,652 59,249Event Exp 241,508 257,353 15,845Insurance / Tax / Training 61,176 61,353 177Building / Marina Expense 1,214,773 1,210,686 (4,087)Leasing Comm. Amortization 60,000 60,000 0Depreciation 608,354 608,355 1

TOTAL EXPENSES 5,693,690 5,928,542 234,852

OPERATING INCOME (LOSS) 787,399 14,729 772,670

NET OPERATING INCOME (LOSS) - FORECAST VS. BUDGET 787,399 14,729 772,670

Non-Operating Investment Income (Loss) 95,396 13,000 82,396

NET INCOME (LOSS) 882,795 27,729 855,066

Gain/Loss on Disposal of Asset 0 0 0

TOTAL INCOME 882,795 27,729 855,066

Working CapitalNet Operating Income 787,399 14,729 772,670Amortization 60,000 60,000 0Depreciation 608,354 608,355 (1)

Available Cash (Working Capital) 1,455,753 683,084 772,669

Less:

Debt Service - Principle 75,902 76,000 98Capital Expenditures - Association 156,419 115,000 (41,419)Capital Expenditures - Seattle Building 692,417 741,000 48,583Capital Expenditures - Marina 105,283 90,000 (15,283)Tenant Improvements - Building 165,173 155,000 (10,173)Lease Commissions 87,267 35,000 (52,267)

Total Deductions 1,282,462 1,212,000 (70,462)

Cash (Working Capital) Variance Favorable (Unfavorable) 173,291 (528,916) 702,207

AGC of Washington2014 Cash Activity Forecast

Page 3 of 38

Associated General Contractors of Washington

Statement of Financial PositionFor the Period Ending 10/31/2014

10/31/2014 12/31/2013

Unaudited Audited

ASSETS

Current Assets

Cash 1,872,000 2,516,975

Short-Term Investments 104,265 81,991

Accounts Receivable 131,008 99,047

Prepaid Expenses 214,162 152,425

Total Current Assets 2,321,435 2,850,438

Group Retrospective Rating Plan Assets 18,439,330 16,189,775

Prepaid Lease Commissions 134,409 52,864

Long Term Investments 2,183,481 2,111,608

Property and Equipment

Land and Land Improvements 2,376,138 2,376,138

Buildings 13,239,367 12,588,366

Leasehold Improvements 1,508,083 1,379,853

Furniture and Equipment 959,852 888,757

Automobiles 46,473 46,556

Marina 1,539,908 1,434,317

Total Property Plant and Equipment 19,669,821 18,713,987

Less: Accumulated Depreciation (10,911,996) (10,405,034)

Net Property Plant and Equipment 8,757,824 8,308,953

TOTAL ASSETS 31,836,480 29,513,638

LIABILITIES & NET ASSETS

Current Liabilities

Accounts Payable 319,860 433,976

Accrued Expenses 83,316 84,463

Deferred Income 27,750 923,433

Current Portion - LT Debt 80,728 80,728

511,655 1,522,600

Group Retrospective Rating Plan Liability 18,439,330 16,189,775

Long Term Debt, Less Current Portion 392,976 470,073

Tenant Deposits 210,291 164,810

Total Liabilities 19,554,253 18,347,259

Net Assets

Unrestricted 9,782,227 9,066,379

Board Designated 2,500,000 2,100,000

TOTAL UNRESTRICTED NET ASSETS 12,282,227 11,166,379

TOTAL LIABILITIES AND NET ASSETS 31,836,480 29,513,638

- -

[INTERNAL REPORT]

Page 4 of 38

Unaudited

Changes in Net Assets 1,115,848

Adjustments to Changes in Net Assets to Cash Provided by Operating Activities

Depreciation 506,963

(Gain) Loss on Disposal of Property -

(Gain) Loss on Sales of Investments (135,308)

(Gain) Loss on Investments @ Market 30,001

(Increase) / Decrease in accounts:

Accounts Receivable (31,961)

Prepaid Expenses and Other Assets (143,282)

Increase / (Decrease) in accounts:

Accounts Payable (114,116)

Accrued Expenses (1,147)

Tenant Deposits 45,481

Deferred Income (895,683)

Net Cash Provided / Used) by Operating Activities 376,794

Cash Flow From Investing Activities:

Purchase of Long Term Investment 33,435

Leasehold Improvements - Seattle Bldg (128,229)

Capital Improvements on Seattle Bldg (621,001)

Capital Improvements on Marina (135,591)

Purchase of property, equipment and automobile (71,012)

Net Cash Provided / (Used) by Investing Activities (922,399)

Cash Flow from Financing Activities:

Current Long Term Debt (10,000)

Long Term Debt / Loan Payments (67,097)

Net Cash Provided / (Used) by Financing Activities (77,097)

Net Increase (Decrease) in Cash (622,701)

Cash, Beginning of Year 2,516,975

Cash Equivalents Beginning of Year 81,991

Total Cash and Cash Equivalents, Beginning of Year 2,598,966

Cash, End of Period 1,872,000

Cash Equivalents, End of Period 104,265

Total Cash and Cash Equivalents, End of Period 1,976,265

-


Cash Flow Statement

For the 10 Month(s) ending 10/31/2014

Page 5 of 38

Associated General Contractors of Washington (INTERNAL REPORT)

10/31/2014

Schedule of Reserve Funds Balance

Operations 3000-10-901 420,000

Plant & Equipment 3000-10-902 1,980,000

Special Projects 3000-10-903 100,000

2,500,000

Seattle Building Savings Account 200,095

2014 Balance

Special Projects from Reserves 10/31/2014 Approved Budget Remaining

Central Washington University - Grant 2500-89-000 10,000 10,000 -

10,000 10,000 -

** Statement of Capital Expenditures 2014 Balance

(** Designed for Budget Monitoring Purposes) 10/31/2014 Approved Budget Remaining

Parking Lot Improvements 1503-50-000 - 51,000 51,000

Fife Building 1505-85-000 30,000 30,000 -

Furniture & Fixtures 1508-10-000 4,490 - (4,490)

Office Equipment 1509-10-000 16,930 - (16,930)

Automobile - Safety Dept. 1510-10-000 (83) 25,000 25,083

Computer Hardware/Software 1513-10-000 49,676 90,000 40,324

SEA Bldg - Tenant Improvements 1550-50-000 128,229 125,000 (3,229)

SEA Bldg - Capital Improvements 1551-50-000 621,001 690,000 68,999

SEA Bldg - Lease Commissions 1402-50-050 73,361 35,000 (38,361)

Seattle Marina 1575-75-000 105,591 90,000 (15,591)

1,029,195 1,136,000 106,805

General Asset Capitalization Policy

- computer hardware, software, office equipment, and furniture with useful life of at least

one year and $2,000 or more must be capitalized

- capital assets for properties must be at least $5,000 to be capitalized

- depreciation expense per year is based on estimated useful life

- depreciation expense may be prorated in the 1st year of a new purchase

Schedule of Depreciation Expenses Actual Budget Variance

Seattle District Office 6950-12-000 219 219 0

Southern District Office 6950-14-000 1,146 1,146 (0)

Technology 6950-17-000 16,431 16,431 -

Administration 6950-18-000 8,469 8,469 0

Accounting 6950-19-000 1,310 1,310 (0)

State Government 6950-30-000 13,051 13,051 (0)

Labor Relations 6950-34-000 322 322 0

Membership 6950-36-000 528 529 0

Safety 6950-42-000 7,569 7,569 (0)

Central District 6950-48-000 342 342 0

Seattle Building 6950-50-000 393,276 393,276 (0)

Seattle Marina 6950-75-000 41,476 41,476 0

Fife Building 6950-85-000 22,824 22,824 0

506,963 506,963 0

YTD 2014 Balance

Board Contingency Expenses: 5120-13-054 10/31/2014 Approved Remaining

Board Board

Budget Contingency Contingency

Washington State University Grant 10,000

King County Construction Career Day 5,000

20,000 15,000 5,000

10/31/2014

Page 6 of 38

YTD

ACTUAL BUDGET VAR ACTUAL BUDGET VAR ACTUAL BUDGET VAR

I. Building & Properties:

a) Seattle Building 2,533,493 2,431,018 102,475 1,498,601 1,484,225 14,376 1,034,892 946,793 88,099

b) Seattle Marina 583,577 568,250 15,327 396,603 403,974 (7,371) 186,973 164,276 22,698

c) Fife Building 27,204 24,364 2,840 78,162 78,433 (270) (50,959) (54,069) 3,110

Total Building & Properties 3,144,273 3,023,632 120,641 1,973,367 1,966,632 6,735 1,170,906 1,057,000 113,906

II. Association:

1. Financial Assets 0 0 0 0 0 0 0 0 0

2. Admin. & Management

a) Board of Trustees 0 0 0 55,275 54,999 276 (55,275) (54,999) (276)

b) Technology 0 0 0 86,114 99,319 (13,205) (86,114) (99,319) 13,205

c) Administration 36,857 36,870 (13) 265,301 270,174 (4,873) (228,444) (233,304) 4,860

d) Accounting 8,400 8,400 0 202,005 209,670 (7,665) (193,605) (201,270) 7,665

45,257 45,270 (13) 608,695 634,162 (25,467) (563,438) (588,892) 25,454

3. Member Services

a) Communications 1,350 5,830 (4,480) 177,520 182,672 (5,152) (176,170) (176,842) 672

b) Meetings & Events 0 0 0 40,554 56,860 (16,306) (40,554) (56,860) 16,306

c) Special Events 122,415 123,800 (1,385) 164,860 163,821 1,039 (42,445) (40,021) (2,424)

d) Member Service 1,807,534 1,681,000 126,534 139,002 143,806 (4,804) 1,668,531 1,537,194 131,338

e) Future Leadership Forum 10,625 4,000 6,625 35,217 28,698 6,518 (24,592) (24,698) 107

1,941,924 1,814,630 127,294 557,153 575,857 (18,704) 1,384,771 1,238,773 145,998

4. Education & Training Service

a) Workforce Development 0 0 0 152,927 158,793 (5,866) (152,927) (158,793) 5,866

b) Safety 87,509 67,400 20,109 347,060 357,289 (10,229) (259,551) (289,889) 30,338

c) Group Retro 1,759,316 1,465,000 294,316 1,247,046 1,240,000 7,046 512,270 225,000 287,270

1,846,826 1,532,400 314,426 1,747,033 1,756,082 (9,048) 99,792 (223,682) 323,474

5. Government Relations

a) Government Affairs Council 17,500 24,500 (7,000) 388,914 449,728 (60,814) (371,414) (425,228) 53,814

b) Build-Pac 0 0 0 34,573 34,468 105 (34,573) (34,468) (105)

c) AGC - Federal Facilities 2,500 0 2,500 2,212 2,479 (267) 288 (2,479) 2,767

20,000 24,500 (4,500) 425,699 486,675 (60,976) (405,699) (462,175) 56,476

6. Industry Relations

a) Labor 128 0 128 171,291 171,658 (367) (171,163) (171,658) 495

b) Open Shop 0 0 0 13,996 14,828 (831) (13,996) (14,828) 831

128 0 128 185,288 186,486 (1,198) (185,160) (186,486) 1,326

7. Districts

a) Seattle District 54,234 62,700 (8,466) 175,826 202,495 (26,670) (121,591) (139,795) 18,204

b) Southern District 48,990 55,000 (6,011) 216,423 236,973 (20,551) (167,433) (181,973) 14,540

c) Northern District 500 1,000 (500) 92,924 91,949 976 (92,424) (90,949) (1,476)

d) Central WA District 17,901 17,350 551 115,924 120,537 (4,613) (98,023) (103,187) 5,164

121,625 136,050 (14,425) 601,097 651,954 (50,858) (479,472) (515,904) 36,433

Total Association 3,975,759 3,552,850 422,909 4,124,964 4,291,216 (166,252) (149,205) (738,366) 589,161

Total of Assoc. & Prop 7,120,032 6,576,482 543,550 6,098,331 6,257,848 (159,517) 1,021,701 318,634 703,067

Non-Operating Income (Loss) 105,307 20,000 85,307 11,161 8,250 2,911 94,146 11,750 82,396

Grand Total 7,225,339 6,596,482 628,858 6,109,492 6,266,098 (156,606) 1,115,848 330,384 785,464


Unaudited Statement of Activities by Cost Center


REVENUE EXPENSES REVENUE OVER EXPENSES

Page 7 of 38

MTD

ACTUAL BUDGET VAR ACTUAL BUDGET VAR ACTUAL BUDGET VAR


a) Seattle Building 241,489 245,115 (3,626) 261,376 253,230 8,146 (19,887) (8,115) (11,771)

b) Seattle Marina 60,824 56,825 3,999 47,203 46,037 1,166 13,621 10,788 2,832

c) Fife Building 4,410 1,270 3,140 5,489 5,361 129 (1,080) (4,091) 3,011

Total Building & Properties 306,722 303,210 3,512 314,068 304,628 9,440 (7,346) (1,418) (5,928)

II. Association:



a) Board of Trustees 0 0 0 2,724 2,748 (25) (2,724) (2,748) 25

b) Technology 0 0 0 7,368 7,762 (395) (7,368) (7,762) 395

c) Administration 5,484 7,200 (1,716) 23,493 26,161 (2,668) (18,010) (18,961) 951

d) Accounting 0 0 0 16,034 17,937 (1,902) (16,034) (17,937) 1,902

5,484 7,200 (1,716) 49,619 54,609 (4,989) (44,135) (47,409) 3,273

3. Member Services

a) Communications 0 583 (583) 18,095 16,542 1,553 (18,095) (15,959) (2,136)

b) Meetings & Events 0 0 0 8,946 19,466 (10,520) (8,946) (19,466) 10,520

c) Special Events 0 0 0 2,836 2,813 23 (2,836) (2,813) (23)

d) Member Service 10,861 0 10,861 13,522 13,568 (46) (2,661) (13,568) 10,907

e) Future Leadership Forum 145 0 145 2,029 3,757 (1,728) (1,884) (3,757) 1,873

11,006 583 10,423 45,428 56,146 (10,718) (34,422) (55,563) 21,141


a) Workforce Development 0 0 0 13,798 15,220 (1,422) (13,798) (15,220) 1,422

b) Safety 13,047 2,175 10,872 30,460 30,350 111 (17,413) (28,175) 10,762

c) Group Retro 138,595 124,000 14,595 138,595 124,000 14,595 0 0 0151,642 126,175 25,467 182,853 169,570 13,284 (31,211) (43,395) 12,183


a) Government Affairs Council 0 0 0 31,912 43,010 (11,098) (31,912) (43,010) 11,098

b) Build-Pac 0 0 0 3,004 3,072 (68) (3,004) (3,072) 68

c) AGC - Federal Facilities 0 0 0 218 218 1 (218) (218) (1)

0 0 0 35,135 46,300 (11,165) (35,135) (46,300) 11,165


a) Labor 0 0 0 17,126 16,753 374 (17,126) (16,753) (374)

b) Open Shop 0 0 0 1,476 1,601 (125) (1,476) (1,601) 125

0 0 0 18,602 18,354 248 (18,602) (18,354) (248)

7. Districts

a) Seattle District 1,575 1,450 125 13,887 18,166 (4,279) (12,312) (16,716) 4,404

b) Southern District 365 3,000 (2,635) 19,598 22,597 (2,999) (19,233) (19,597) 364

c) Northern District 0 1,000 (1,000) 8,409 9,091 (682) (8,409) (8,091) (318)

d) Central WA District 266 550 (284) 10,143 10,680 (537) (9,877) (10,130) 253

2,206 6,000 (3,794) 52,037 60,533 (8,497) (49,831) (54,533) 4,703

Total Association 170,338 139,958 30,380 383,674 405,511 (21,837) (213,336) (265,553) 52,217

Total of Assoc. & Prop 477,060 443,168 33,892 697,743 710,140 (12,397) (220,682) (266,972) 46,289

Non-Operating Income (Loss) 57,784 2,000 55,784 2,796 0 2,796 54,988 2,000 52,988

Grand Total 534,844 445,168 89,676 700,539 710,140 (9,601) (165,694) (264,972) 99,277


Unaudited Statement of Activities by Cost Center

For the Month ending 10/31/2014

REVENUE EXPENSES REVENUE OVER EXPENSE

Page 8 of 38

OCT OCT YTD YTD YTD Annual Budget

ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining

Retro Plan Income 138,595 124,000 1,759,316 1,465,000 294,316 1,713,000 (46,316)

Retro Exp Gross (138,595) (124,000) (1,247,046) (1,240,000) (7,046) (1,488,000) (240,954)

Net Retro Income 0 0 512,270 225,000 287,270 225,000 (287,270)

Membership Dues 10,861 0 1,801,986 1,675,000 126,986 1,675,000 (126,986)

Program / Grant Revenue 20,437 15,883 142,337 150,005 (7,668) 167,025 24,688

Event Revenue 345 0 257,052 246,525 10,527 246,525 (10,527)

Building / Retail Rent 218,132 227,610 2,252,424 2,252,871 (447) 2,691,435 439,011

Other Rent Revenue 79,301 72,750 824,291 740,815 83,476 886,010 61,719

Other Revenue / CAM 9,190 2,850 67,284 29,946 37,338 35,646 (31,638)

Misc Income 200 75 15,342 16,320 (978) 16,630 1,288

Total Revenue 338,465 319,168 5,872,986 5,336,482 536,504 5,943,271 70,285

Salaries 164,582 172,951 1,767,327 1,798,299 (30,972) 2,207,363 440,036

Payroll Burden Taxes and Benefits 50,281 53,371 517,936 533,713 (15,777) 640,455 122,519

Auto Expense / Corporate Travel 2,194 2,914 22,704 30,094 (7,390) 35,213 12,509

Miscellaneous Meetings 10,140 20,742 59,057 84,044 (24,987) 93,520 34,463

Consultant Fees 7,214 2,038 45,111 49,389 (4,278) 53,799 8,688

Office Expense 5,022 5,970 56,822 58,858 (2,036) 76,225 19,403

Membership Dues/Donations 12,372 17,402 126,537 136,561 (10,024) 159,933 33,396

Rent 5,086 6,680 50,739 66,825 (16,086) 80,200 29,461

Technology Expense 3,391 4,125 48,790 63,470 (14,680) 72,200 23,410

Phone Expense 3,663 2,845 27,032 28,580 (1,548) 34,260 7,228

Program/Grant Expense 2,684 3,400 65,765 82,952 (17,187) 92,977 27,212

Membership Promotion 8,302 14,317 103,704 121,370 (17,666) 184,650 80,946

Event Expense 0 500 241,510 257,353 (15,843) 257,353 15,843

Insurance/Tax/Training 2,252 3,000 61,176 53,853 7,323 61,353 177

Building / Marina Expense 226,269 220,189 1,100,111 1,095,525 4,587 1,210,686 110,575

Leasing Comm. Amort. 5,000 5,000 50,000 50,000 0 60,000 10,000

Depreciation 50,696 50,696 506,963 506,963 (0) 608,355 101,393

Total Expenses 559,148 586,140 4,851,285 5,017,848 (166,563) 5,928,542 1,077,258

Net Operating Income (Loss) (220,682) (266,972) 1,021,701 318,634 703,067 14,729 (1,006,973)

LT Inv - Dividends/Interest 175 2,000 23,537 20,000 3,537 24,000 463

LT Inv - Net Gain (Loss) 57,609 0 81,770 0 81,770 0 (81,770)

Investment Consultant Fee (2,796) 0 (11,161) (8,250) (2,911) (11,000) 161

Non-Operating Income (Loss) 54,988 2,000 94,146 11,750 82,396 13,000 (81,146)

Gain / Loss on Disposal of Asset 0 0 0 0 0 0 0

Grand Total (165,694) (264,972) 1,115,848 330,384 785,464 27,729 (1,088,119)


Statement of Operations

CONSOLIDATED


Page 9 of 38



Retro Plan Income 138,595 124,000 1,759,316 1,465,000 294,316 1,713,000 (46,316)

Retro Exp Gross (138,595) (124,000) (1,247,046) (1,240,000) (7,046) (1,488,000) (240,954)

Net Retro Income 0 0 512,270 225,000 287,270 225,000 (287,270)

Membership Due 10,861 0 1,801,986 1,675,000 126,986 1,675,000 (126,986)

Program / Grant Revenue 20,437 15,883 142,337 150,005 (7,668) 167,025 24,688

Event Revenue 345 0 257,052 246,525 10,527 246,525 (10,527)

Misc Income 100 75 15,067 16,320 (1,253) 16,630 1,563

Total Revenue 31,743 15,958 2,728,713 2,312,850 415,863 2,330,180 (398,533)

Salaries 138,869 147,155 1,501,509 1,531,287 (29,778) 1,879,705 378,196

Payroll Burden Taxes and Benefits 42,163 45,485 438,320 454,854 (16,534) 545,825 107,505

Auto Expense / Corporate Travel 2,194 2,914 22,704 30,094 (7,390) 35,213 12,509

Miscellaneous Meetings 10,140 20,742 59,057 84,044 (24,987) 93,520 34,463

Consultant Fees 4,003 2,038 24,865 31,729 (6,864) 36,139 11,274

Office Expense 5,022 5,970 56,822 58,858 (2,036) 76,225 19,403

Membership Dues/Donations 12,372 17,402 126,537 136,561 (10,024) 159,933 33,396

Rent 5,086 6,680 50,739 66,825 (16,086) 80,200 29,461

Technology Expense 3,391 4,125 48,790 63,470 (14,680) 72,200 23,410

Phone Expense 3,663 2,845 27,032 28,580 (1,548) 34,260 7,228

Program/Grant Expense 2,684 3,400 65,765 82,952 (17,187) 92,977 27,212

Membership Promotion 8,302 14,317 103,704 121,370 (17,666) 184,650 80,946

Event Expense 0 500 241,510 257,353 (15,843) 257,353 15,843

Insurance/Tax/Training 2,252 3,000 61,176 53,853 7,323 61,353 177

Depreciation 4,939 4,939 49,387 49,387 (0) 59,264 9,877

Total Expenses 245,079 281,511 2,877,918 3,051,216 (173,298) 3,668,817 790,899

Net Operating Income (Loss) (213,336) (265,553) (149,205) (738,366) 589,161 (1,338,637) (1,189,432)

Gain / Loss on Disposal of Asset 0 0 0 0 0 0 0

Grand Total (213,336) (265,553) (149,205) (738,366) 589,161 (1,338,637) (1,189,432)



ASSOCIATION


Page 10 of 38



Building / Retail Rent 218,132 227,610 2,252,424 2,252,871 (447) 2,691,435 439,011

Other Rent Revenue 79,301 72,750 824,291 740,815 83,476 886,010 61,719

Other Revenue / CAM 9,290 2,850 67,559 29,946 37,613 35,646 (31,913)

Total Revenue 306,722 303,210 3,144,273 3,023,632 120,641 3,613,091 468,818

Salaries 25,713 25,796 265,818 267,012 (1,195) 327,658 61,840

Payroll Burden Taxes & Benefits 8,118 7,886 79,616 78,859 757 94,631 15,015

Consultant Fees 3,211 - 20,246 17,660 2,586 17,660 (2,586)

Building / Marina Expense 226,269 220,189 1,100,111 1,095,525 4,587 1,210,686 110,575

Leasing Comm. Amort. 5,000 5,000 50,000 50,000 - 60,000 10,000

Depreciation 45,758 45,758 457,576 457,576 - 549,091 91,515

Total Expenses 314,068 304,628 1,973,367 1,966,632 6,735 2,259,725 286,358

Gain / Loss on Disposal of Asset - - - - - - -

Net Operating Income (Loss) (7,346) (1,418) 1,170,906 1,057,000 113,906 1,353,366 182,459



BUILDING & MARINA


Page 11 of 38



Building Rent - Seattle 4700-50-000 171,048 183,790 1,800,239 1,804,453 (4,214) 2,155,377 355,138

Parking Lot Income 4701-50-000 25,117 19,880 283,586 212,145 71,441 251,600 (31,986)

Operating Expense Reimb - Seattle Building 4702-50-000 6,329 2,675 61,206 26,750 34,456 32,100 (29,106)

Retail Rents 4703-50-000 38,350 38,350 383,503 383,500 3 460,200 76,697

Other Rental Income 4704-50-000 397 370 4,045 3,670 375 4,410 365

ATM Rental Income 4706-50-000 148 50 575 500 75 600 26

Gain/Loss on Disposal of Asset 4950-50-000 0 0 0 0 0 0 0

Total Revenue 241,489 245,115 2,533,493 2,431,018 102,475 2,904,287 370,794

Salaries 5010-50-000 16,711 16,794 172,950 167,941 5,009 201,529 28,579

Payroll Taxes 5020-50-052 1,409 1,484 15,324 14,840 484 17,808 2,484

Health/Security/LTD 5020-50-070 2,077 1,971 19,997 19,708 288 23,650 3,653

Pension 5020-50-139 1,707 1,602 15,818 16,021 (204) 19,226 3,408

Incentive Compensation 5010-50-058 0 0 0 5,764 (5,764) 11,527 11,527

Legal / Professional 5040-50-060 0 0 2,000 3,000 (1,000) 3,000 1,000

Audit 5040-50-076 1,838 0 10,446 8,250 2,196 8,250 (2,196)

Roof Repairs & Maint-Gen 6020-50-300 0 0 1,814 1,415 399 1,415 (399)

Pkg Lot Rep & Maint-Gen 6035-50-300 0 0 931 400 531 400 (531)

Snow Removal 6036-50-300 0 0 1,971 3,100 (1,129) 3,100 1,129

HVAC Contr Serv & Per-Off 6040-50-100 4,049 5,120 19,854 20,480 (626) 20,480 626

HVAC Contr Serv & Per-Gen 6040-50-300 1,437 1,474 6,765 5,896 869 5,896 (869)

HVAC Repairs & Maint-Off 6045-50-100 458 2,220 27,821 22,245 5,576 24,045 (3,776)

HVAC R & M- Conference Room 6045-50-300 0 0 3,567 0 3,567 0 (3,567)

Elev Contr Serv & Per-Off 6050-50-100 1,129 835 10,418 8,350 2,068 10,020 (398)

Elevator Rep & Maint-Off 6055-50-100 0 0 1,286 2,070 (784) 2,270 984

Electrical Rep & Supp-Off 6060-50-100 910 835 6,450 8,410 (1,960) 9,910 3,460

Plumbing Rep & Supp-Off 6070-50-100 0 500 1,994 5,900 (3,906) 6,900 4,906

Fire / Life / Safety-Gen 6080-50-300 147 2,850 9,384 11,280 (1,896) 11,630 2,246

General Repair & Maint-NR (Non-CAM Exp) 6100-50-000 641 500 6,078 5,000 1,078 6,000 (78)

General Rep & Maint-Off 6100-50-100 167 835 7,670 9,450 (1,780) 11,120 3,450

Painting & Decorating-Off 6110-50-100 0 0 0 2,550 (2,550) 2,725 2,725

Locks, Keys & Signage-Off 6120-50-100 1,084 0 4,724 4,290 434 4,890 166

Pest Control-Off 6130-50-100 0 57 863 399 464 513 (350)Ext Landscaping Serv-Gen 6210-50-300 1,760 880 11,091 9,895 1,196 11,655 564

Ext Landscaping Rep-Gen 6220-50-300 0 0 88 300 (212) 300 212

Int Landscaping Serv-Off 6230-50-100 1,052 525 5,785 5,250 535 6,300 515



SEATTLE BUILDING


Page 12 of 38





SEATTLE BUILDING


Base Janitorial Contr-Off 6310-50-100 6,339 7,200 67,689 72,000 (4,311) 86,400 18,711

Janitorial-Tenant Share 6310-50-900 178 177 1,777 1,770 7 2,124 348

Janitorial-Tenant Offset 6310-50-910 (178) (177) (1,777) (1,770) (7) (2,124) (348)

Janitorial Supplies-Gen 6320-50-300 1,716 1,785 17,884 17,850 34 21,420 3,536

Window Cleaning-Off 6330-50-100 0 0 4,678 4,845 (167) 5,845 1,167

Other Janitorial Serv-Off 6380-50-100 0 0 500 1,000 (500) 1,200 700

Other Janitorial Serv-Gen 6380-50-300 425 425 4,500 4,250 250 5,100 600

Other Security Serv-Gen 6450-50-300 0 0 3,110 2,910 200 2,910 (200)

Electricity-Off 6510-50-100 7,514 9,315 87,341 93,150 (5,809) 111,780 24,439

Water/Sewer-Off 6520-50-100 2,336 3,400 32,823 34,000 (1,177) 40,800 7,977

Water/Sewer-Tenant Share 6520-50-900 1,301 1,100 12,426 11,000 1,426 13,200 774

Water/Sewer-Tenant Offset 6520-50-910 (1,301) (1,100) (12,426) (11,000) (1,426) (13,200) (774)

Gas-Off 6530-50-100 2,011 4,585 26,970 45,850 (18,880) 55,020 28,050

Trash Removal & Recyc-Off 6550-50-100 5,989 1,515 20,109 15,150 4,959 18,180 (1,929)

Marketing & Leasing-NR 6710-50-000 0 100 458 1,000 (543) 1,200 743

Tenant Relations-NR 6720-50-000 0 100 4,524 4,650 (126) 4,800 276

On-Site Costs-Gen 6740-50-300 1,579 333 16,878 3,333 13,545 4,000 (12,878)

Administrative / Office Exp 6780-50-000 3,066 500 8,226 5,000 3,226 6,000 (2,226)

Other Administrative-Gen 6780-50-300 226 583 7,189 5,833 1,356 7,000 (189)

Real Estate Taxes-Gen 6810-50-300 138,328 130,000 276,657 260,000 16,657 260,000 (16,657)

Personal Property Tax-Gen 6820-50-300 0 0 588 1,000 (412) 1,000 412

Insurance-Gen 6900-50-300 9,379 9,030 93,788 90,300 3,488 108,360 14,573

Interest Expense 6910-50-000 1,565 1,549 16,328 16,623 (295) 19,710 3,382

Brokers' Commission-Amortizatn 6600-50-000 5,000 5,000 50,000 50,000 0 60,000 10,000

Depreciation 6950-50-000 39,328 39,328 393,276 393,276 0 471,931 78,655

Total Expenses 261,376 253,230 1,498,601 1,484,225 14,376 1,717,215 218,614

Net Income (19,887) (8,115) 1,034,892 946,793 88,099 1,187,072 152,180

Page 13 of 38



Building Rent - Marina Bldg 4700-75-000 4,324 4,200 42,924 42,000 924 50,400 7,476

Moorage Rent/A-E Docks 4701-75-000 53,787 52,500 536,660 525,000 11,660 630,000 93,340

Misc Income - Marina 4702-75-000 2,713 125 3,992 1,250 2,742 1,500 (2,492)

Total Revenue 60,824 56,825 583,577 568,250 15,327 681,900 98,323

Salaries 5010-75-000 8,393 8,393 86,583 83,933 2,650 100,720 14,137

Payroll Taxes 5020-75-052 729 761 7,739 7,611 129 9,133 1,394


Pension 5020-75-139 886 826 8,174 8,265 (91) 9,918 1,744


Legal-NR 5040-75-060 0 0 0 250 (250) 250 250

Audit 5040-75-076 882 0 5,014 3,960 1,054 3,960 (1,054)

Covered Moorage - R & M - NR 6020-75-000 0 0 0 1,450 (1,450) 1,450 1,450

Electrical Rep & Supp-NR 6060-75-000 0 0 1,265 1,150 115 1,150 (115)

Plumbing Rep & Supp-NR 6070-75-000 460 0 3,445 1,850 1,595 2,220 (1,225)

Fire / Life / Safety-NR 6080-75-000 46 1,095 3,420 2,010 1,410 2,100 (1,320)

General Reprs & Maint-NR 6100-75-000 0 340 8,498 6,060 2,438 6,750 (1,748)

Painting & Decorating-NR 6110-75-000 0 0 218 200 18 200 (18)

Locks, Keys & Signage-NR 6120-75-000 424 210 1,311 2,100 (789) 2,520 1,209

Base Janitorial Contr-NR 6310-75-000 237 235 2,462 2,350 112 2,820 358

Janitorial Supplies-NR 6320-75-000 0 65 715 650 65 780 65

Other Janitorial Serv-NR 6380-75-000 0 0 150 0 150 0 (150)

Land Lease Payments-NR 6460-75-000 17 0 104,454 114,000 (9,546) 114,000 9,546

Electricity-NR 6510-75-000 2,134 3,984 29,997 39,840 (9,843) 47,800 17,803

Electricity-Tenant Offset 6510-75-910 (1,711) (3,196) (26,160) (31,960) 5,800 (38,352) (12,192)

Water & Sewer-NR 6520-75-000 499 344 5,924 3,440 2,484 4,128 (1,796)

Water/Sewer-Tenant Offset 6520-75-910 (368) (157) (2,887) (1,570) (1,317) (1,884) 1,003

Trash Removal & Recyc-NR 6550-75-000 4,007 1,485 17,408 14,850 2,558 17,820 412

Other Administration-NR 6780-75-000 65 0 1,158 0 1,158 0 (1,158)

Real Estate Taxes-NR 6810-75-000 19,898 22,000 39,804 44,000 (4,196) 44,000 4,196

Insurance-NR 6900-75-000 5,134 4,467 45,668 44,670 998 53,600 7,932

Depreciation 6950-75-000 4,148 4,148 41,476 41,476 (0) 49,771 8,295

Total Expenses 47,203 46,037 396,603 403,974 (7,371) 453,343 56,739

Net Income 13,621 10,788 186,973 164,276 22,698 228,557 41,584



SEATTLE MARINA


Page 14 of 38



Office Rent - Fife Building 4700-85-000 4,410 1,270 25,758 22,918 2,840 25,458 (300)

Operating Exp Reimbursement - Fife Building 4702-85-000 0 0 1,446 1,446 0 1,446 0

Total Revenue 4,410 1,270 27,204 24,364 2,840 26,904 (300)

Salaries 5010-85-000 608 608 6,285 6,085 200 7,302 1,017

Payroll Taxes 5020-85-052 50 57 535 572 (37) 686 152

Health/Security/LTD 5020-85-070 95 90 913 897 16 1,076 163

Pension 5020-85-139 63 58 568 582 (13) 698 130

Incentive Compensation 5010-85-058 0 0 0 263 (263) 526 526

Audit 5040-85-076 490 0 2,786 2,200 586 2,200 (586)

Building Cleaning 6010-85-000 750 750 6,750 7,500 (750) 9,000 2,250

Supplies & Materials 6270-85-000 0 40 0 400 (400) 480 480

Misc. Building Maintenance 6290-85-000 219 475 4,681 4,750 (69) 5,700 1,019

Fire Alarm System Monitoring 6292-85-000 0 0 1,333 850 483 850 (483)

HVAC Maintenance & Repairs 6400-85-000 0 0 2,866 1,800 1,066 2,400 (466)

Electricity 6510-85-000 355 335 3,091 3,330 (239) 4,000 909

Water & Sewer 6520-85-000 402 425 1,758 1,980 (222) 1,980 222

Gas 6530-85-000 46 150 1,329 1,500 (171) 1,800 471

Trash Removal & Recyc 6550-85-000 128 90 883 900 (17) 1,080 197

Brokers' Commission - Amort - Fife 6600-85-000 0 0 0 0 0 0 0

Real Estate Taxes 6730-85-240 0 0 15,198 16,000 (802) 16,000 802

Insurance & Bonds 6900-85-000 0 0 6,364 6,000 364 6,000 (364)

Depreciation 6950-85-000 2,282 2,282 22,824 22,824 (0) 27,389 4,565

Total Expenses 5,489 5,361 78,162 78,433 (270) 89,168 11,005

Net Income (1,080) (4,091) (50,959) (54,069) 3,110 (62,264) (11,305)



FIFE BUILDING


Page 15 of 38



Salaries 5010-13-000 2,167 2,167 22,074 21,674 400 26,009 3,935

Payroll Taxes 5020-13-052 78 151 1,564 1,513 51 1,816 252

Health/Security/LTD 5020-13-070 195 184 1,873 1,842 31 2,210 337

Pension 5020-13-139 230 220 2,181 2,204 (23) 2,645 464

Incentive Compensation 5010-13-058 0 0 0 526 (526) 1,053 1,053

Officers / Board Meetings 5035-13-056 0 25 5,910 6,050 (140) 6,300 390

Miscellaneous Expense 5035-13-072 53 0 4,822 4,600 222 5,350 528

Office Expense 5050-13-000 0 0 1,852 1,590 262 1,590 (262)

Board Contingency 5120-13-054 0 0 15,000 15,000 0 20,000 5,000

Total Expenses 2,724 2,748 55,275 54,999 276 66,972 11,697

Net Income (2,724) (2,748) (55,275) (54,999) (276) (66,972) (11,697)



BOARD OF TRUSTEES


Page 16 of 38



Salaries 5010-17-000 1,555 1,555 16,353 15,553 800 18,663 2,310

Payroll Taxes 5020-17-052 123 135 1,338 1,348 (10) 1,618 280


Pension 5020-17-139 131 139 1,205 1,391 (186) 1,669 465


Travel 5030-17-000 0 0 0 0 0 0 0

Miscellaneous Meetings 5035-17-072 0 30 0 300 (300) 360 360

Office Exp 5050-17-000 37 20 70 200 (130) 240 170

New Application 5081-17-017 0 85 0 850 (850) 1,000 1,000

Tech Equipment Maint- Parts 5082-17-000 0 300 5,141 13,000 (7,859) 13,600 8,459

Professional Service 5083-17-017 2,863 2,865 26,596 28,650 (2,054) 34,380 7,784

Professional Service 5083-17-036 242 600 3,842 6,000 (2,158) 7,200 3,358

Cell Phone Exp. 5087-17-000 600 225 2,405 2,250 155 2,700 295

New / Renewal Software License Fee 5089-17-017 0 0 8,842 11,220 (2,378) 11,720 2,878

Virus / Firewall Renewals 5089-17-062 0 0 0 0 0 0 0

Depreciation 6950-17-000 1,643 1,643 16,431 16,431 0 19,717 3,286

Total Expenses 7,368 7,762 86,114 99,319 (13,205) 115,797 29,683

Net Income (7,368) (7,762) (86,114) (99,319) 13,205 (115,797) (29,683)



TECHNOLOGY


Page 17 of 38



Conference Center Rental 4100-18-238 300 0 3,800 450 3,350 600 (3,200)

McGraw Hill Affinity Plan 4100-18-303 5,144 200 6,087 1,000 5,087 1,000 (5,087)

Verizon Affinity Plan - NPP 4100-18-304 0 7,000 19,655 21,000 (1,345) 21,000 1,345

Enterprise Affinity Plan 4100-18-305 0 0 5,810 6,000 (190) 7,000 1,190

Office Depot Affinity Plan 4100-18-310 0 0 1,111 7,400 (6,289) 9,400 8,289

Misc Income 4900-18-194 40 0 122 120 2 180 58

Misc Income/Service 4900-18-195 0 0 271 900 (629) 1,000 729

Gain/Loss on Disposal of Asset 4950-18-000 0 0 0 0 0 0 0

Total Revenue 5,484 7,200 36,857 36,870 (13) 40,180 3,323

Salaries 5010-18-000 13,173 13,172 134,663 131,725 2,938 158,070 23,407

Temp Help 5010-18-051 0 200 0 1,600 (1,600) 2,000 2,000

Employee Milestone Awards 5010-18-057 0 0 4,826 3,330 1,496 3,330 (1,496)

Payroll Taxes 5020-18-052 620 1,004 10,132 10,042 89 12,051 1,919


Pension 5020-18-139 1,412 1,369 12,981 13,694 (712) 16,432 3,451


Auto / Travel Expense 5030-18-000 0 15 101 175 (74) 200 99

Miscellaneous Meetings 5035-18-072 140 375 3,287 3,750 (463) 4,440 1,153

Legal 5040-18-060 0 208 0 2,080 (2,080) 2,500 2,500

Office Exp. 5050-18-000 2,135 1,534 13,873 15,340 (1,467) 18,414 4,541

Office Equipment Lease 5050-18-066 0 550 1,853 2,200 (347) 2,200 347

Office Equipment Maintenance 5050-18-067 339 425 7,187 5,600 1,587 7,800 613

Postage - Administration 5050-18-069 14 50 191 500 (309) 600 409

Parking / Metro 5050-18-071 135 280 1,389 2,800 (1,412) 3,360 1,972

Contract Printing 5050-18-074 0 50 905 500 405 600 (305)

Office Equipment - Interest 5050-18-290 44 75 397 750 (353) 866 469

Membership Dues 5060-18-061 0 75 750 1,575 (825) 1,630 880

Subscriptions 5060-18-062 0 671 80 1,002 (922) 1,142 1,062

Donations/ Memorials 5060-18-063 116 100 421 1,000 (579) 1,200 779

Internet Connnection 5085-18-000 65 65 631 650 (19) 780 149

Telephone Exp.- Admin. 5086-18-000 471 560 5,247 5,600 (353) 6,780 1,533

Cell Phone Exp.- Admin. 5087-18-000 165 120 2,143 1,200 943 1,440 (703)

Insurance & Bonds 5900-18-064 0 0 8,227 7,500 727 7,500 (727)

Staff Professional Training 5900-18-065 2,209 2,900 31,805 29,200 2,605 35,000 3,195

Personal Property Taxes 5900-18-068 0 0 320 320 0 320 0

Depreciation 6950-18-000 847 847 8,469 8,469 (0) 10,163 1,694

Total Expenses 23,493 26,161 265,301 270,174 (4,873) 325,841 60,541

Net Income (18,010) (18,961) (228,444) (233,304) 4,860 (285,661) (57,217)



ADMINISTRATION


Page 18 of 38



Misc. Income - Accounting 4900-19-195 0 0 0 0 0 0 0

AGCA Discount Earned 4900-19-200 0 0 8,400 8,400 0 8,400 0

Total Revenue 0 0 8,400 8,400 0 8,400 0

Salaries 5010-19-000 9,093 12,343 116,752 123,428 (6,675) 148,113 31,361

Payroll Taxes 5020-19-052 721 1,114 9,830 11,135 (1,306) 13,362 3,533

Health/Security/LTD 5020-19-070 1,050 1,672 14,151 16,724 (2,573) 20,068 5,918

Pension 5020-19-139 832 1,086 9,117 10,861 (1,743) 13,033 3,915


Auto Expense 5030-19-000 0 20 34 200 (166) 240 206


Audit 5040-19-076 1,614 0 9,183 7,254 1,929 7,254 (1,929)

ADP Payroll Fees 5040-19-077 440 440 4,671 4,745 (74) 5,685 1,014

Professional Service 5040-19-144 1,319 290 2,666 2,900 (234) 3,500 834

Office Exp. 5050-19-000 293 85 1,416 850 566 1,020 (396)

Postage - Accounting 5050-19-069 41 135 724 1,350 (626) 1,620 896

Contract Printing 5050-19-074 0 0 0 550 (550) 550 550

Bank Charge 5050-19-231 93 25 600 250 350 300 (300)

Membership Dues 5060-19-061 0 0 250 735 (485) 735 485

Subscriptions 5060-19-062 0 0 81 120 (39) 120 39

Discounts Allowed (Visa/Dues) 5140-19-078 258 450 15,125 10,250 4,875 15,000 (125)

State Excise Taxes 5900-19-079 43 100 8,301 5,500 2,801 5,700 (2,601)

City Excise Tax 5900-19-279 0 0 6,732 6,000 732 7,500 768

Depreciation 6950-19-000 131 131 1,310 1,310 0 1,572 262

Total Expenses 16,034 17,937 202,005 209,670 (7,665) 255,862 53,857

Net Income (16,034) (17,937) (193,605) (201,270) 7,665 (247,462) (53,857)



ACCOUNTING


Page 19 of 38



Website Advertising 4100-22-197 0 583 1,350 5,830 (4,480) 7,000 5,650

Total Revenue 0 583 1,350 5,830 (4,480) 7,000 5,650

Salaries 5010-22-000 10,659 10,659 109,452 106,590 2,863 127,907 18,455

Payroll Taxes 5020-22-052 859 987 9,053 9,868 (815) 11,842 2,789


Pension 5020-22-139 1,095 726 7,889 7,258 631 8,710 821


Auto Expense 5030-22-000 0 0 1,813 0 1,813 0 (1,813)


Professional Service 5040-22-144 0 0 0 750 (750) 1,000 1,000

Website Maintenance 5040-22-250 0 100 0 1,000 (1,000) 1,200 1,200

Office Exp. 5050-22-000 45 50 649 450 199 500 (149)

Postage - Communications 5050-22-069 0 0 4,887 1,200 3,687 1,500 (3,387)

Protrait Photography 5050-22-089 199 0 2,124 2,000 124 2,500 377

Subscriptions 5060-22-062 0 307 50 712 (662) 712 662

Cell Phone Exp.- Comm. 5087-22-000 800 105 1,850 1,050 800 1,260 (590)

Advertising 5140-22-082 2,666 1,667 16,765 16,670 95 20,000 3,235

Public Relations 5140-22-083 0 250 2,648 3,000 (352) 3,500 852

Newsletter 5140-22-084 243 175 1,558 1,750 (192) 2,100 542

Annual & Special Reports 5140-22-086 0 0 3,273 11,000 (7,727) 11,000 7,727

Total Expenses 18,095 16,542 177,520 182,672 (5,152) 220,348 42,828

Net Income (18,095) (15,959) (176,170) (176,842) 672 (213,348) (37,178)



COMMUNICATIONS


Page 20 of 38



CEO Out of Town Travel 5035-24-090 0 166 431 1,660 (1,229) 2,000 1,569

Executive Leadership Council 5035-24-094 621 0 4,126 3,200 926 4,700 574

National AGC Convention 5035-24-095 0 0 9,804 13,500 (3,696) 13,500 3,696

Western Chapters Meetings 5035-24-098 0 2,400 7,031 9,000 (1,969) 9,000 1,969

National AGC Leadership Conference 5035-24-099 8,324 16,900 9,392 19,500 (10,108) 18,500 9,108

Chapter Meetings 5035-24-100 0 0 1,157 1,200 (43) 1,200 43

Miscellaneous Conference 5035-24-126 0 0 1,928 2,200 (272) 2,200 272

Immediate Past President Night 5150-24-093 0 0 3,404 3,400 4 3,400 (4)

Old Timers Night 5150-24-129 0 0 3,281 3,200 81 3,200 (81)

Total Expenses 8,946 19,466 40,554 56,860 (16,306) 57,700 17,146

Net Income (8,946) (19,466) (40,554) (56,860) 16,306 (57,700) (17,146)



MEETING AND EVENTS


Page 21 of 38



Safety/Constr Awards Dnr-INC 4150-25-127 0 0 44,155 45,000 (845) 45,000 845

Annual Meeting 4150-25-128 0 0 78,260 78,800 (540) 78,800 540

Total Revenue 0 0 122,415 123,800 (1,385) 123,800 1,385

Salaries 5010-25-000 2,031 2,031 20,913 20,313 600 24,375 3,462

Payroll Taxes 5020-25-052 166 189 1,781 1,887 (106) 2,264 483


Pension 5020-25-139 236 222 2,184 2,219 (34) 2,662 478


Auto Expense 5030-25-000 0 100 945 800 145 1,000 55


Office Exp. 5050-25-000 115 0 115 250 (135) 300 185

Postage 5050-25-069 0 0 206 150 56 150 (56)

Safety/Excellence Cons Din-Exp 5150-25-127 0 0 47,733 45,000 2,733 45,000 (2,733)

Annual Meeting 5150-25-128 0 0 75,267 78,800 (3,533) 78,800 3,533

Award & Recognition 5150-25-130 0 0 12,957 10,500 2,457 10,500 (2,457)

Total Expenses 2,836 2,813 164,860 163,821 1,039 170,387 5,526

Net Income (2,836) (2,813) (42,445) (40,021) (2,424) (46,587) (4,141)



SPECIAL EVENTS


Page 22 of 38



Intro / Retro 4010-36-204 2,900 0 39,650 5,200 34,450 5,200 (34,450)

Constructor In 4010-36-206 550 0 8,250 4,800 3,450 4,800 (3,450)

Min Dues - Introductory GC 4010-36-209 3,150 0 27,150 2,600 24,550 2,600 (24,550)

Min Dues - Associates 4010-36-211 2,676 0 186,178 171,900 14,278 171,900 (14,278)

Nat'l Educational Associate 4010-36-212 0 0 100 0 100 0 (100)

Min Dues - Retro 4010-36-213 0 0 6,400 6,000 400 6,000 (400)

Youth Constructor Dues 4010-36-248 0 0 200 500 (300) 500 300

NH-GC Dues 4030-36-205 0 0 268,490 255,000 13,490 255,000 (13,490)

Vol Dues - GC 4030-36-208 0 0 892,020 859,000 33,020 859,000 (33,020)

Vol Dues - Sub 4030-36-210 1,585 0 373,473 370,000 3,473 370,000 (3,473)

Prior Years Dues 4040-36-000 0 0 75 0 75 0 (75)

Sub-Total Dues Revenue 10,861 0 1,801,986 1,675,000 126,986 1,675,000 (126,986)

YTD % to Budget 107.58%

Misc Income/Mailing Labels 4900-36-198 0 0 0 0 0 0 0

Roster Advertising 4900-36-216 0 0 5,548 6,000 (453) 6,000 453

Sub-Total Other Revenue 0 0 5,548 6,000 (453) 6,000 453

Total Revenue 10,861 0 1,807,534 1,681,000 126,534 1,681,000 (126,534)

Salaries 5010-36-000 9,940 9,940 102,446 99,396 3,050 119,275 16,829

Payroll Taxes 5020-36-052 622 819 8,084 8,190 (106) 9,828 1,744


Pension 5020-36-139 1,028 1,037 9,445 10,369 (924) 12,443 2,998


Auto Expense 5030-36-000 0 25 0 250 (250) 300 300

Miscellaneous Meetings 5035-36-072 0 0 1,191 1,200 (9) 1,200 9

W. Chapters "Membership" Meeting 5035-36-098 0 0 0 0 0 0 0

Office Exp. 5050-36-000 0 0 462 600 (138) 600 138

Postage - Member Services 5050-36-069 552 240 673 490 183 1,030 357

Cell Phone Exp.- Member Services 5087-36-000 61 80 577 800 (223) 960 383

Early Payment Disc. (2%) 5140-36-078 (63) 0 2,868 4,550 (1,682) 29,550 26,682

Membership Promotion 5140-36-080 3 125 16 1,250 (1,234) 1,500 1,484

Depreciation 6950-36-000 53 53 528 529 (0) 634 106

Total Expenses 13,522 13,568 139,002 143,806 (4,804) 199,687 60,685

Net Income (2,661) (13,568) 1,668,531 1,537,194 131,338 1,481,313 (187,218)



MEMBER SERVICE


Page 23 of 38



FLF Event Revenue 4150-16-175 145 0 10,625 4,000 6,625 4,000 (6,625)

Total Revenue 145 0 10,625 4,000 6,625 4,000 (6,625)

Salaries 5010-16-000 1,235 1,235 12,670 12,355 316 14,826 2,155

Payroll Taxes 5020-16-052 100 113 1,049 1,135 (86) 1,362 313


Pension 5020-16-139 127 129 1,156 1,291 (135) 1,550 394


Rent / Facility Cost 5035-16-000 0 0 0 0 0 0 0

Membership Meetings 5140-16-177 0 1,000 1,896 1,500 396 2,300 404

Event / Entertainment 5150-16-175 0 500 9,768 2,800 6,968 2,800 (6,968)

Food / Beverage 5300-16-000 376 600 6,857 7,300 (443) 7,300 443

Total Expenses 2,029 3,757 35,217 28,698 6,518 33,339 (1,878)

Net Income (1,884) (3,757) (24,592) (24,698) 107 (29,339) (4,748)



FUTURE LEADERSHIP FORUM


Page 24 of 38



Salaries 5010-26-000 1,196 2,029 17,977 20,293 (2,317) 24,352 6,375

Payroll Taxes 5020-26-052 95 184 1,536 1,840 (304) 2,208 672

Health/Security/LTD 5020-26-070 118 287 2,182 2,868 (686) 3,442 1,259

Pension 5020-26-139 112 178 1,422 1,782 (360) 2,139 716


Donations - Other 5060-26-000 810 0 5,243 5,000 243 5,000 (243)

Donations - AGCEF 5060-26-063 10,542 10,542 105,417 105,417 0 126,500 21,083

Events 5120-26-158 0 0 0 750 (750) 750 750

Education Subsidy to Members 5140-26-136 925 2,000 19,150 20,000 (850) 24,000 4,850

Total Expenses 13,798 15,220 152,927 158,793 (5,866) 190,075 37,148

Net Income (13,798) (15,220) (152,927) (158,793) 5,866 (190,075) (37,148)



WORKFORCE DEVELOPMENT


Page 25 of 38



Safety Promotion Items 4100-42-080 2,010 900 26,825 23,600 3,225 25,200 (1,625)

Safety Team Inspections 4100-42-218 3,645 1,200 18,765 17,175 1,590 19,575 810

Safety Training 4100-42-219 0 0 (200) 5,000 (5,200) 5,000 5,200

Safety Grants Income 4100-42-241 7,332 0 18,390 0 18,390 0 (18,390)

Field Day / Safety Team (Golf) 4150-42-176 0 0 23,215 20,725 2,490 20,725 (2,490)

Shipping - Safety Products 4900-42-195 60 75 514 900 (386) 1,050 536

Total Revenue 13,047 2,175 87,509 67,400 20,109 71,550 (15,959)

Salaries 5010-42-000 20,227 20,231 209,290 202,308 6,983 242,769 33,479

Payroll Taxes 5020-42-052 1,696 1,913 17,941 19,133 (1,192) 22,959 5,018


Pension 5020-42-139 2,312 2,373 20,804 23,733 (2,930) 28,480 7,676


Auto/Travel Expense 5030-42-000 457 1,022 7,640 10,226 (2,586) 12,270 4,630

Corporate Travel 5030-42-178 651 305 3,985 4,070 (85) 4,680 695

Misc Meetings - Safety 5035-42-072 21 115 21 1,620 (1,599) 1,850 1,829

Consultants Fees 5040-42-144 0 0 0 3,000 (3,000) 3,000 3,000

Office Exp. 5050-42-000 84 100 738 1,000 (262) 1,200 462

Postage - Safety 5050-42-069 169 191 1,640 1,918 (278) 2,300 660

Contract Printing 5050-42-074 0 0 0 0 0 0 0

Membership Dues 5060-42-061 0 0 380 410 (30) 410 30

Cell Phone Exp.- Safety 5087-42-000 184 210 2,485 2,300 185 2,720 235

Safety Promotion 5120-42-080 575 0 26,559 21,802 4,757 22,352 (4,207)

Safety Grants Expense 5120-42-241 0 0 12 0 12 0 (12)

Hearing Conservation 5120-42-251 0 0 0 1,430 (1,430) 1,430 1,430

Safety Equipment 5120-42-350 0 0 0 200 (200) 200 200

Golf Tournment - Safety Team 5150-42-176 0 0 12,915 13,153 (238) 13,153 238

Insurance 5900-42-064 0 0 3,232 2,883 349 2,883 (349)

Depreciation 6950-42-000 757 757 7,569 7,569 0 9,083 1,513

Total Expenses 30,460 30,350 347,060 357,289 (10,229) 427,749 80,689

Net Income (17,413) (28,175) (259,551) (289,889) 30,338 (356,199) (96,648)



SAFETY


Page 26 of 38



PY 18 - Retro Income 4500-27-221 0 0 3,760 0 3,760 0 (3,760)

PY 19 - Retro Income 4500-27-222 0 0 (34,231) 0 (34,231) 0 34,231

PY 20 - Retro Income 4500-27-223 0 0 (34,301) 0 (34,301) 0 34,301

PY 21 - Retro Revenue 4500-27-224 0 0 577,042 225,000 352,042 225,000 (352,042)

Retro Exp Gross/Reimbursement 4500-27-242 138,595 124,000 1,247,046 1,240,000 7,046 1,488,000 240,954

Total Revenue 138,595 124,000 1,759,316 1,465,000 294,316 1,713,000 (46,316)

Annual Meeting - Retro Breakfast 5502-27-221 TO 5502-27-230 0 0 18,647 0 18,647 0 (18,647)

Annual Meeting - AGC 5503-27-221 TO 5503-27-230 0 0 1,293 0 1,293 0 (1,293)

Association Dues - WSIA 5504-27-221 TO 5504-27-230 0 0 800 0 800 0 (800)

Auto / Travel Expense 5505-27-221 TO 5505-27-2301,527 0 5,665 0 5,665 0 (5,665)

Computer Equip Maint. - Upgrade 5506-27-221 TO 5506-27-2305,081 0 7,811 0 7,811 0 (7,811)

Ins - Liability / Directors & Officers (D&O) 5507-27-221 TO 5507-27-230 0 0 8,229 0 8,229 0 (8,229)

Misc. Expenses 5510-27-221 TO 5510-27-230 0 0 156 0 156 0 (156)

Misc. Meetings 5511-27-221 TO 5511-27-230 0 0 692 0 692 0 (692)

Office Equipment 5512-27-221 TO 5512-27-230241 0 6,269 0 6,269 0 (6,269)

Office Rent & Parkng 5513-27-221 TO 5513-27-2304,556 0 43,876 0 43,876 0 (43,876)

Office Supplies 5514-27-221 TO 5514-27-230 56 0 2,658 0 2,658 0 (2,658)

Postage 5515-27-221 TO 5515-27-230305 0 2,728 0 2,728 0 (2,728)

Salaries 5516-27-221 TO 5516-27-23046,659 0 466,590 0 466,590 0 (466,590)

Payroll Taxes & Benefits 5517-27-221 TO 5517-27-23016,908 0 168,260 0 168,260 0 (168,260)

Bonus (FICA & Taxes) 5518-27-221 TO 5518-27-230 0 0 66,815 0 66,815 0 (66,815)

Telephone / Cellular 5520-27-221 TO 5520-27-230592 0 5,918 0 5,918 0 (5,918)

Subtotal 76,150 0 812,417 0 812,417 0 (812,417)

RTW Classroom Income 5524-27-221 TO 5524-27-230 0 0 0 0 0 0 0

RTW Center 5525-27-221 TO 5525-27-23041,653 0 406,150 0 406,150 0 (406,150)

Classroom Yakima 5527-27-221 TO 5527-27-230 0 0 15,300 0 15,300 0 (15,300)

Subtotal 41,653 0 421,450 0 421,450 0 (421,450)

NET EXPENSE 117,803 0 1,233,867 0 1,233,867 0 (1,233,867)

Clearing Account 5528-27-221 TO 5528-27-230(117,803) 0 (1,233,867) 0 (1,233,867) 0 1,233,867

TOTAL NET EXPENSE (0) 0 0 0 0 0 0

Retro Exp Gross/Reimbursement 5500-27-242 138,595 124,000 1,247,046 1,240,000 7,046 1,488,000 240,954



GROUP RETRO


Page 27 of 38

NET OPR INCOME / (EXPENSE) 0 0 512,270 225,000 287,270 225,000 (287,270)

Page 28 of 38



Public Works Mtg Income 4100-30-072 0 0 0 7,000 (7,000) 7,000 7,000

Legislative Reimbursement 4100-30-147 0 0 17,500 17,500 0 17,500 0

Total Revenue 0 0 17,500 24,500 (7,000) 24,500 7,000

Salaries 5010-30-000 15,395 19,814 200,192 198,136 2,056 237,763 37,572

Contract Lobbyists / Temp Help 5010-30-051 5,000 5,000 50,000 52,700 (2,700) 62,700 12,700

Payroll Taxes 5020-30-052 1,134 1,762 16,444 17,623 (1,179) 21,148 4,704

Health/Security/LTD 5020-30-070 1,611 2,346 23,076 23,458 (382) 28,149 5,073

Pension 5020-30-139 1,688 2,033 19,632 20,334 (702) 24,401 4,769


Auto Expense 5030-30-000 254 180 543 1,705 (1,162) 1,990 1,447

Corporate Travel 5030-30-178 0 300 704 4,100 (3,396) 4,100 3,396

Miscellaneous Meetings 5035-30-072 253 350 5,015 10,325 (5,310) 12,000 6,985

Professional Studies 5040-30-149 0 0 2,500 2,500 0 2,500 0

Legal Research & Representation 5040-30-161 0 500 0 2,500 (2,500) 3,500 3,500

Office Exp. 5050-30-000 132 500 2,661 5,850 (3,189) 7,150 4,489

Office Equipment Lease 5050-30-066 0 20 144 200 (56) 240 96

Office Equipment Maintenance 5050-30-067 23 650 344 1,100 (756) 1,200 856

Postage - GAC 5050-30-069 16 150 1,066 625 441 1,000 (66)

Contract Printing 5050-30-074 0 0 258 700 (442) 4,700 4,442

Membership Dues 5060-30-061 0 1,625 720 3,815 (3,095) 3,815 3,095

Subscriptions 5060-30-062 0 110 360 590 (230) 610 250

Donations 5060-30-063 0 100 164 1,050 (886) 1,100 936

LRC Membership 5060-30-160 0 0 2,500 2,500 0 2,500 0

Coalitions 5060-30-259 0 0 0 1,000 (1,000) 1,000 1,000

Rent - Leg. Office 5070-30-000 3,707 5,280 37,858 52,825 (14,967) 63,400 25,542

Internet Service Provider 5084-30-000 100 110 900 1,100 (200) 1,320 420

Telephone Exp.- Leg. 5086-30-000 219 350 2,249 3,380 (1,131) 4,000 1,751

Cell Phone Exp.- Leg. 5087-30-000 154 275 1,438 2,750 (1,312) 3,300 1,862

WebEx 5088-30-000 0 0 0 1,000 (1,000) 1,000 1,000

Public Works Promotion 5120-30-080 0 0 0 4,000 (4,000) 5,000 5,000

Public Works Committee 5120-30-153 922 0 922 7,000 (6,078) 7,000 6,078

State Facilities Committee 5120-30-155 0 150 0 300 (300) 300 300LEARN 5130-30-083 0 100 1,110 1,000 110 1,000 (110)

Legislative Reporting Service 5130-30-147 0 0 3,638 3,970 (332) 3,970 332

Gov't Affairs Committee Exp. 5130-30-148 0 0 0 375 (375) 375 375

Insurance & Bonds 5900-30-064 0 0 1,426 1,350 76 1,350 (76)

Depreciation 6950-30-000 1,305 1,305 13,051 13,051 0 15,661 2,610

Total Expenses 31,912 43,010 388,914 449,728 (60,814) 542,875 153,961

Net Income (31,912) (43,010) (371,414) (425,228) 53,814 (518,375) (146,961)



GOVERNMENT AFFAIRS COUNCIL


Page 29 of 38



Salaries 5010-31-000 2,222 2,222 22,976 22,224 752 26,668 3,693

Payroll Taxes 5020-31-052 180 202 1,916 2,015 (99) 2,418 502


Pension 5020-31-139 226 220 2,166 2,198 (32) 2,637 471


Auto Expense:BUILD 5030-31-000 0 38 247 228 19 300 53

Corporate Travel 5030-31-178 0 0 0 250 (250) 250 250

Misc. Meetings 5035-31-072 38 50 76 700 (624) 800 724

Office Exp. 5050-31-000 0 0 154 195 (41) 195 41

Indirect Overhead / Admin - Build Pac 5060-31-063 40 60 4,183 3,040 1,143 3,200 (983)

Total Expenses 3,004 3,072 34,573 34,468 105 41,463 6,891

Net Income (3,004) (3,072) (34,573) (34,468) (105) (41,463) (6,891)



BUILD-PAC


Page 30 of 38



Misc. Meetings 4100-33-072 0 0 2,500 0 2,500 500 (2,000)

Total Revenue 0 0 2,500 0 2,500 500 (2,000)

Salaries 5010-33-000 167 167 1,707 1,667 40 2,000 293

Payroll Taxes 5020-33-052 14 15 146 152 (5) 182 36

Health/Security/LTD 5020-33-070 19 18 181 178 3 213 32

Pension 5020-33-139 19 18 178 181 (2) 217 38


Miscellaneous Meetings 5035-33-072 0 0 0 250 (250) 4,000 4,000

Total Expenses 218 218 2,212 2,479 (267) 6,717 4,505

Net Income (218) (218) 288 (2,479) 2,767 (6,217) (6,505)



AGC - FEDERAL FACILITIES


Page 31 of 38



Misc Income/Labor Forms 4900-34-220 0 0 128 0 128 0 (128)

Total Revenue 0 0 128 0 128 0 (128)

Salaries 5010-34-000 12,365 11,944 124,473 119,441 5,032 143,329 18,856

Payroll Taxes 5020-34-052 949 1,067 10,326 10,670 (344) 12,804 2,478


Pension 5020-34-139 1,365 1,290 12,720 12,900 (180) 15,480 2,760


Auto Expense 5030-34-000 224 100 841 1,000 (159) 1,200 359

Legal 5040-34-060 630 500 5,845 5,000 845 6,000 155

Office Exp. 5050-34-000 0 40 199 400 (201) 480 281

Postage - Labor 5050-34-069 18 10 61 100 (39) 120 59

Cell Phone Exp.- Labor 5087-34-000 61 75 577 750 (173) 900 323

Labor Relations 5120-34-163 0 200 1,110 2,000 (890) 2,400 1,290

Trustee Expense 5120-34-166 0 100 642 1,000 (358) 1,200 558

Events - Turner School 5150-34-172 0 0 0 0 0 0 0

Depreciation 6950-34-000 32 32 322 322 (0) 386 65

Total Expenses 17,126 16,753 171,291 171,658 (367) 209,295 38,004

Net Income (17,126) (16,753) (171,163) (171,658) 495 (209,295) (38,132)



LABOR


Page 32 of 38



Salaries 5010-40-000 835 835 8,590 8,350 240 10,020 1,430

Payroll Taxes 5020-40-052 68 77 730 773 (44) 928 198


Pension 5020-40-139 87 81 797 810 (14) 972 176


Auto Expense 5030-40-000 0 0 0 0 0 0 0


Resource Materials 5050-40-074 0 75 0 300 (300) 300 300

Open Shop Dinner Meeting 5120-40-167 270 75 510 300 210 375 (135)

Open Shop Speaker Exp. 5120-40-168 0 50 0 200 (200) 200 200

Open Shop Meeting Costs 5120-40-169 0 0 119 200 (81) 200 81

Open Shop Seminars 5120-40-170 0 125 126 375 (249) 375 249

Top Student Awards 5120-40-171 0 0 500 575 (75) 575 75

Misc. Industry Support 5120-40-172 100 0 1,050 1,025 25 1,025 (25)

Total Expenses 1,476 1,601 13,996 14,828 (831) 17,421 3,425

Net Income (1,476) (1,601) (13,996) (14,828) 831 (17,421) (3,425)



OPEN SHOP


Page 33 of 38



Members' Event Income 4100-12-175 0 0 60 9,000 (8,940) 12,500 12,440

District Mtgs - Seattle 4100-12-177 1,575 1,450 8,761 8,700 61 10,150 1,389

Golf - Seattle District 4150-12-176 0 0 45,413 45,000 413 45,000 (413)

Total Revenue 1,575 1,450 54,234 62,700 (8,466) 67,650 13,416

Salaries 5010-12-000 9,186 9,186 94,317 91,857 2,460 110,229 15,911

Payroll Taxes 5020-12-052 759 845 8,092 8,447 (355) 10,136 2,044

Health/Security/Ltd 5020-12-070 1,158 1,089 11,082 10,888 194 13,066 1,984

Pension 5020-12-139 1,033 1,000 9,601 9,996 (396) 11,996 2,395


Auto Expense 5030-12-000 67 150 795 1,225 (430) 1,500 705

Miscellaneous Meetings 5035-12-072 0 0 330 1,125 (795) 1,500 1,170

Office Expense 5050-12-000 0 0 21 250 (229) 500 479

Postage - Seattle District 5050-12-069 0 0 3 400 (397) 600 597

Contract Printing 5050-12-074 0 0 0 0 0 600 600

Membership Dues 5060-12-061 0 2,000 1,295 4,000 (2,705) 4,000 2,705

Donations 5060-12-063 0 800 200 800 (600) 1,500 1,300

Cell Phone Exp.- Seattle 5087-12-000 67 75 583 750 (167) 900 317

Local Gov't Affairs 5130-12-174 0 1,000 405 4,500 (4,095) 6,000 5,595

Membership Promotion 5140-12-080 0 0 1,327 2,000 (673) 3,500 2,173

Holiday Open House 5140-12-175 47 0 335 0 335 9,000 8,665

Memb mtgs/ Seattle 5140-12-177 1,548 2,000 11,415 10,300 1,115 12,000 585

Member Events - Expense 5150-12-175 0 0 0 9,000 (9,000) 9,000 9,000

Golf Tournament - Seattle District 5150-12-176 0 0 35,805 40,500 (4,695) 40,500 4,695

Depreciation 6950-12-000 22 22 219 219 (0) 263 44

Total Expenses 13,887 18,166 175,826 202,495 (26,670) 246,264 70,439

Net Income (12,312) (16,716) (121,591) (139,795) 18,204 (178,614) (57,023)



SEATTLE DISTRICT


Page 34 of 38



District Mtgs - Southern 4100-14-177 365 3,000 11,065 18,000 (6,935) 21,000 9,935

Golf - Southern District 4150-14-176 0 0 37,925 37,000 925 37,000 (925)

Total Revenue 365 3,000 48,990 55,000 (6,011) 58,000 9,011

Salaries 5010-14-000 11,561 11,561 119,408 115,608 3,800 138,730 19,322

Payroll Taxes 5020-14-052 949 1,087 10,158 10,866 (708) 13,040 2,881


Pension 5020-14-139 1,196 1,105 10,834 11,052 (218) 13,262 2,428


Auto Expense 5030-14-000 122 242 752 2,420 (1,668) 2,904 2,152


Miscellaneous Meetings 5035-14-072 411 125 1,914 1,250 664 1,500 (414)

Office Exp. 5050-14-000 219 200 3,365 2,000 1,365 2,400 (965)

Office Equipment Maintenance 5050-14-067 95 208 2,905 2,080 825 2,496 (409)

Postage - South District 5050-14-069 0 122 77 1,220 (1,143) 1,464 1,387

Office Equipment - Interest - FIFE 5050-14-290 67 55 722 550 172 660 (62)

Subscriptions 5060-14-062 0 12 0 120 (120) 144 144

Donations - Pierce County CC Day 5060-14-063 0 1,000 0 1,000 (1,000) 1,000 1,000

Telephone Exp.- Southern 5086-14-000 575 450 5,143 4,500 643 5,400 257

Cell Phone Exp.- Southern 5087-14-000 61 70 577 700 (123) 840 263

Memb Mtgs/ Southern 5140-14-177 2,395 4,500 16,213 27,000 (10,787) 37,000 20,787

Golf Tournament - Southern District 5150-14-176 0 0 25,574 33,000 (7,426) 33,000 7,426

Depreciation 6950-14-000 115 115 1,146 1,146 0 1,375 229

Total Expenses 19,598 22,597 216,423 236,973 (20,551) 286,168 69,746

Net Income (19,233) (19,597) (167,433) (181,973) 14,540 (228,168) (60,735)



SOUTHERN DISTRICT


Page 35 of 38



Memb Mtgs/Northern District 4100-46-177 0 1,000 0 1,000 (1,000) 1,000 1,000

Total Revenue 0 1,000 500 1,000 (500) 1,000 500

Salaries 5010-46-000 4,740 4,740 48,796 47,396 1,400 56,875 8,079

Payroll Taxes 5020-46-052 387 440 4,156 4,402 (246) 5,283 1,127

Health/Security/LTD 5020-46-070 672 633 6,441 6,332 109 7,598 1,157

Pension 5020-46-139 551 518 5,096 5,177 (80) 6,212 1,116


Auto Expense 5030-46-000 264 200 2,490 1,600 890 2,000 (490)

Corporate Travel 5030-46-178 134 0 443 400 43 600 157

Miscellaneous Meetings 5035-46-072 173 100 1,750 1,000 750 1,200 (550)

Office Exp. 5050-46-000 0 0 920 625 295 750 (170)

Postage - North District 5050-46-069 0 30 550 400 150 480 (70)

Membership Dues 5060-46-061 320 0 559 110 449 700 141

Subscriptions 5060-46-062 0 0 484 365 119 365 (119)

Rent - N. District 5070-46-000 750 750 7,500 7,500 0 9,000 1,500

Telephone Exp.- Northern 5086-46-000 0 0 0 50 (50) 60 60

Cell Phone Exp.- Northern 5087-46-000 61 80 577 800 (223) 960 383

Community Services/ Image Bldg 5120-46-185 0 0 2,700 1,500 1,200 1,500 (1,200)

Membership Training 5120-46-189 251 500 2,321 3,750 (1,429) 4,500 2,179

Local Gov't Affairs 5130-46-174 0 0 825 1,400 (575) 1,500 675

Membership Promotion 5140-46-080 0 100 753 800 (47) 1,000 247

Memb mtgs/ Northern 5140-46-177 106 1,000 6,018 6,000 18 7,500 1,482

Insurance & Bonds 5900-46-064 0 0 545 500 45 500 (45)

Total Expenses 8,409 9,091 92,924 91,949 976 112,267 19,343

Net Income (8,409) (8,091) (92,424) (90,949) (1,476) (111,267) (18,843)



NORTHERN DISTRICT


Page 36 of 38



Memb Mtgs/Central Wa District 4100-48-177 30 250 285 750 (465) 1,000 715

Member Training 4100-48-189 36 300 72 600 (528) 600 528

Golf Tournament-Central WA 4150-48-081 200 0 17,460 16,000 1,460 16,000 (1,460)

Total Revenue 266 550 17,901 17,350 551 17,600 (301)

Salaries 5010-48-000 6,124 6,124 62,995 61,235 1,760 73,482 10,487

Payroll Taxes 5020-48-052 502 567 5,350 5,671 (321) 6,805 1,455

Health/Security/LTD 5020-48-070 847 791 8,112 7,906 206 9,487 1,375

Pension 5020-48-139 636 594 5,841 5,942 (101) 7,130 1,289


Auto Expense 5030-48-000 0 0 0 0 0 0 0

Corporate Travel 5030-48-178 0 0 619 500 119 650 31

Office Exp. 5050-48-000 109 100 1,247 1,125 122 1,425 178

Office Equipment Maintenance 5050-48-067 0 0 0 0 0 0 0

Postage - Central District 5050-48-069 49 0 177 200 (23) 225 48

Utilities 5050-48-186 0 0 0 0 0 0 0

Membership Dues 5060-48-061 544 0 2,689 2,000 689 2,350 (339)

Subscriptions 5060-48-062 0 0 291 200 91 200 (91)

Rent - C. District 5070-48-000 629 650 5,381 6,500 (1,119) 7,800 2,419

Internet Service Provider 5084-48-000 121 100 601 1,000 (399) 1,200 599

Telephone / Cable TV - Central 5086-48-000 121 100 602 1,000 (398) 1,200 598

Cell Phone Exp.- Central 5087-48-000 61 70 577 700 (123) 840 263

Member Training Meetings 5120-48-189 54 150 499 1,550 (1,051) 1,800 1,301

HR Roundtable 5120-48-266 0 200 211 650 (439) 650 439

Local Gov't Exp. 5130-48-174 136 150 649 800 (151) 1,000 351

Membership Promotion 5140-48-080 175 200 1,916 2,000 (84) 2,400 484

Memb mtgs/ Central WA 5140-48-177 0 850 2,427 3,300 (873) 3,300 873

Golf Tournament - Central District 5150-48-081 0 0 14,807 15,000 (193) 15,000 193

Insurance & Bonds 5900-48-064 0 0 588 600 (12) 600 12

Depreciation 6950-48-000 34 34 342 342 (0) 410 69

Total Expenses 10,143 10,680 115,924 120,537 (4,613) 142,587 26,663

Net Income (9,877) (10,130) (98,023) (103,187) 5,164 (124,987) (26,964)



CENTRAL DISTRICT


Page 37 of 38



LT Investment - Dividend MM 4801-90-000 175 0 9,323 0 9,323 0 (9,323)

LT Investment - Bond Interest 4802-90-000 0 2,000 14,215 20,000 (5,785) 24,000 9,785

LT Inv Real Gain(Loss)-Basis 4850-90-000 0 0 111,771 0 111,771 0 (111,771)

LT Inv Unreal Gain(Loss)-Mrkt 4851-90-000 57,609 0 (30,001) 0 (30,001) 0 30,001

Total Revenue 57,784 2,000 105,307 20,000 85,307 24,000 (81,307)

Investment Consultant Fee 5800-90-000 2,796 0 11,161 8,250 2,911 11,000 (161)

Total Expenses 2,796 0 11,161 8,250 2,911 11,000 (161)

Net Income 54,988 2,000 94,146 11,750 82,396 13,000 (81,146)



NON-OPERATING


Page 38 of 38

TAB 7

Budget 2014

2013 2014 2014 2015 vs

Actual Budget Act/Forecast Budget Budget 2015

Retro Plan Income 1,770,374 1,713,000 2,007,316 1,742,760 29,760

Retro Exp Gross (1,440,790) (1,488,000) (1,495,046) (1,517,760) (29,760)

Net Retro Income 329,584 225,000 512,270 225,000 0

Membership Dues 1,751,724 1,675,000 1,801,986 1,725,000 50,000

Program / Grant Revenue 227,205 167,025 174,192 173,022 5,997

Event Revenue 242,813 246,525 257,052 253,850 7,325

Building / Retail Rent 2,610,366 2,691,435 2,661,543 2,797,726 106,291

Other Rent Revenue 924,537 886,010 969,486 922,040 36,030

Other Revenue / CAM 56,871 35,646 72,984 62,100 26,454

Misc Income 17,942 16,630 15,504 16,195 (435)

Total Revenue 6,161,043 5,943,271 6,465,017 6,174,933 231,662

Salaries 2,167,590 2,207,363 2,150,391 2,217,394 10,032

Payroll Burden Taxes and Benefits 597,965 640,455 616,670 638,293 (2,162)

Auto Expense / Corporate Travel 30,165 35,213 27,381 37,755 2,542

Miscellaneous Meetings 77,904 93,520 69,165 121,350 27,830Consultant Fees 56,382 53,799 56,022 54,833 1,034

Office Expense 74,120 76,225 74,164 77,923 1,698

Membership Dues/Donations 155,240 159,933 150,034 168,612 8,679

Rent 88,842 80,200 61,107 65,666 (14,534)

Technology Expense 56,608 72,200 58,420 75,415 3,215

Phone Expense 31,466 34,260 32,439 34,542 282

Progam/Grant Expense 130,445 92,977 70,715 93,102 125

Membership Promotion 165,886 184,650 169,154 179,100 (5,550)

Event Expense 259,978 257,353 244,010 268,683 11,330

Insurance/Tax/Training 53,312 61,353 65,626 65,050 3,697

Building / Marina Expense 1,156,119 1,210,686 1,231,358 1,247,004 36,318

Leasing Comm. Amort. 54,491 60,000 60,000 66,092 6,092

Depreciation 584,586 608,355 611,236 686,382 78,027

Total Expenses 5,741,098 5,928,542 5,747,894 6,097,196 168,654

Net Operating Income (Loss) 419,944 14,729 717,123 77,737 63,008

LT Inv - Dividends/Interest 28,444 24,000 27,537 24,000 0

LT Inv - Net Gain (Loss) 332,575 0 81,770 0 0

Investment Consultant Fee (10,518) (11,000) (11,161) (12,000) (1,000)

Non-Operating Income (Loss) 350,501 13,000 98,146 12,000 (1,000)

Gain / Loss on Disposal of Asset (6,449) 0 0 0 0

Grand Total 763,996 27,729 815,269 89,737 62,008


CONSOLIDATED

2015 Proposed Budget


1

Page 1 of 31

2014 YE Act 2015 2014 YE Act 2015 2014 YE Act 2015

Forecast BUDGET VAR Forecast BUDGET VAR Forecast BUDGET VAR


a) Seattle Building 2,946,245 3,047,255 101,010 1,754,798 1,799,172 44,374 1,191,447 1,248,083 56,636

b) Seattle Marina 690,270 696,427 6,157 462,540 471,809 9,269 227,730 224,618 (3,112)

c) Fife Building 26,304 38,184 11,880 88,310 114,838 26,528 (62,006) (76,654) (14,648)

Total Building & Properties 3,662,819 3,781,866 119,047 2,305,648 2,385,819 80,171 1,357,170 1,396,047 38,877

II. Association:



a) Board of Trustees 0 0 0 60,279 69,425 9,146 (60,279) (69,425) (9,146)

b) Technology 0 0 0 102,691 120,010 17,319 (102,691) (120,010) (17,319)

c) Administration 45,075 30,800 (14,275) 325,538 337,175 11,637 (280,463) (306,375) (25,912)

d) Accounting 8,400 9,195 795 231,899 212,445 (19,454) (223,499) (203,250) 20,249

53,475 39,995 (13,480) 720,407 739,055 18,648 (666,932) (699,060) (32,128)

3. Member Services

a) Communications 0 7,000 7,000 210,360 232,065 21,705 (210,360) (225,065) (14,705)

b) Meetings & Events 0 0 0 48,057 78,200 30,143 (48,057) (78,200) (30,143)

c) Special Events 121,165 123,000 1,835 171,596 172,343 747 (50,431) (49,343) 1,088

d) Member Service 1,787,342 1,731,000 (56,342) 203,226 243,229 40,003 1,584,116 1,487,771 (96,344)

e) Future Leadership Forum 10,860 12,000 1,140 39,040 40,336 1,295 (28,180) (28,336) (155)

1,919,367 1,873,000 (46,367) 672,279 766,172 93,893 1,247,088 1,106,828 (140,260)


a) Workforce Development 0 0 0 189,044 189,185 140 (189,044) (189,185) (140)

b) Safety 100,667 93,372 (7,295) 422,738 425,201 2,463 (322,071) (331,829) (9,757)

c) Group Retro 2,030,721 1,742,760 (287,961) 1,518,451 1,517,760 (691) 512,270 225,000 (287,270)

2,131,388 1,836,132 (295,256) 2,130,234 2,132,145 1,912 1,154 (296,013) (297,168)


a) Government Affairs Council 24,500 24,500 0 479,278 453,506 (25,772) (454,778) (429,006) 25,772

b) Build-Pac 0 0 0 41,927 47,452 5,526 (41,927) (47,452) (5,526)

c) AGC - Federal Facilities 2,500 1,500 (1,000) 6,701 8,167 1,465 (4,201) (6,667) (2,465)

27,000 26,000 (1,000) 527,905 509,125 (18,780) (500,905) (483,125) 17,780


a) Labor 128 0 (128) 212,121 252,362 40,241 (211,993) (252,362) (40,369)

b) Open Shop 0 0 0 17,034 18,083 1,049 (17,034) (18,083) (1,049)

128 0 (128) 229,154 270,444 41,290 (229,026) (270,444) (41,418)

7. Districts

a) Seattle Districs 60,892 62,200 1,308 237,519 258,506 20,986 (176,627) (196,306) (19,679)

b) Southern District 60,468 55,900 (4,568) 286,483 291,891 5,408 (226,015) (235,991) (9,975)

c) Northern District 1,000 0 (1,000) 110,890 114,217 3,327 (109,890) (114,217) (4,327)

d) Central WA District 18,110 17,600 (510) 139,333 147,581 8,248 (121,223) (129,981) (8,758)

140,470 135,700 (4,770) 774,225 812,195 37,969 (633,755) (676,495) (42,739)

Total Association 4,271,828 3,910,827 (361,001) 5,054,205 5,229,137 174,932 (782,377) (1,318,310) (535,933)

Total of Assoc. & Prop 7,934,647 7,692,693 (241,954) 7,359,853 7,614,956 255,103 574,793 77,737 (497,056)

Non-Operating Income (Loss) 23,590 24,000 410 11,000 12,000 1,000 12,590 12,000 (590)

Grand Total 7,958,236 7,716,693 (241,543) 7,370,853 7,626,956 256,103 587,383 89,737 (497,646)


2015 Proposed Budget by Cost Center

REVENUE EXPENSES REVENUE OVER EXPENSES

2

Page 2 of 31

Budget 2014

2013 2014 2014 2015 vs


Retro Plan Income 1,770,374 1,713,000 2,007,316 1,742,760 29,760

Retro Exp Gross (1,440,790) (1,488,000) (1,495,046) (1,517,760) (29,760)

Net Retro Income 329,584 225,000 512,270 225,000 0

Membership Dues 1,751,724 1,675,000 1,801,986 1,725,000 50,000

Program / Grant Revenue 227,205 167,025 174,192 173,022 5,997

Event Revenue 242,813 246,525 257,052 253,850 7,325

Misc Income 17,942 16,630 15,229 16,195 (435)

Total Revenue 2,569,269 2,330,180 2,760,730 2,393,067 62,887

Salaries 1,852,367 1,879,705 1,823,928 1,865,256 (14,450)

Payroll Burden Taxes and Benefits 508,904 545,825 521,283 534,349 (11,476)

Auto Expense / Corporate Travel 30,165 35,213 27,381 37,755 2,542

Miscellaneous Meetings 77,904 93,520 69,165 121,350 27,830

Consultant Fees 38,844 36,139 35,776 36,818 679

Office Expense 74,120 76,225 74,164 77,923 1,698

Membership Dues/Donations 155,240 159,933 150,034 168,612 8,679Rent 88,842 80,200 61,107 65,666 (14,534)

Technology Expense 56,608 72,200 58,420 75,415 3,215

Phone Expense 31,466 34,260 32,439 34,542 282

Progam/Grant Expense 130,445 92,977 70,715 93,102 125

Membership Promotion 165,886 184,650 169,154 179,100 (5,550)

Event Expense 259,978 257,353 244,010 268,683 11,330

Insurance/Tax/Training 53,312 61,353 65,626 65,050 3,697

Depreciation 56,099 59,264 59,044 87,757 28,492

Total Expenses 3,580,178 3,668,817 3,462,247 3,711,377 42,560

Net Operating Income (Loss) (1,010,909) (1,338,637) (701,517) (1,318,310) 20,327


ASSOCIATION



3

Page 3 of 31

Budget 2014

2013 2014 2014 2015 vs


Building / Retail Rent 2,610,366 2,691,435 2,661,543 2,797,726 106,291

Marina & Parking Revenue 924,537 886,010 969,486 922,040 36,030

Other Revenue / CAM 56,871 35,646 72,984 62,100 26,454

Misc Income 0 0 275 0 0

Total Revenue 3,591,774 3,613,091 3,704,287 3,781,866 168,775

Salaries 315,223 327,658 326,463 352,139 24,481

Payroll Burden Taxes and Benefits 89,062 94,631 95,387 103,944 9,313

Consultant Fees 17,539 17,660 20,246 18,015 355

Building / Marina Expense 1,156,119 1,210,686 1,231,358 1,247,004 36,318

Leasing Comm. Amort. 54,491 60,000 60,000 66,092 6,092

Depreciation 528,487 549,091 552,192 598,625 49,534

Total Expenses 2,160,920 2,259,725 2,285,647 2,385,819 126,094

Net Operating Income (Loss) 1,430,854 1,353,366 1,418,640 1,396,047 42,681


BUILDING & MARINA



4

Page 4 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs

Account# Actual Budget Act/Forecast Budget Budget 2015

Building Rent - Seattle 4700-50-000 2,047,073 2,155,377 2,121,671 2,247,015 91,638

Parking Lot Income 4701-50-000 267,707 251,600 323,041 275,000 23,400

Operating Expense Reimb - Seattle Building4702-50-000 48,601 32,100 66,556 60,000 27,900

Retail Rents 4703-50-000 457,054 460,200 460,203 460,200 0

Other Rental Income 4704-50-000 5,584 4,410 4,785 4,440 30

Late Fee Income:BLDG 4705-50-000 330 0 65 0 0

ATM Rental Income 4706-50-000 652 600 675 600 0

Misc Income - Bldg 4900-50-000 0 0 275 0 0

Total Revenue 2,818,551 2,904,287 2,977,270 3,047,255 142,968

Salaries 5010-50-000 203,535 201,529 206,538 215,805 14,275

Incentive Compensation 5010-50-058 0 11,527 5,764 15,136 3,609

Payroll Taxes 5020-50-052 17,459 17,808 18,292 19,347 1,539

Health/Security/LTD 5020-50-070 21,367 23,650 23,938 26,909 3,259

Pension 5020-50-139 17,409 19,226 19,022 20,935 1,709

Legal 5040-50-060 2,893 3,000 2,000 3,000 0

Audit 5040-50-076 8,436 8,250 10,446 8,250 0

Roof Repairs & Maint-Gen 6020-50-300 1,359 1,415 2,239 2,525 1,110

Pkg Lot Rep & Maint-Gen 6035-50-300 224 400 931 400 0

Snow Removal 6036-50-300 0 3,100 3,101 4,470 1,370

HVAC Contr Serv & Per-Off 6040-50-100 21,335 20,480 19,854 20,020 (460)

HVAC Contr Serv & Per-Gen 6040-50-300 5,509 5,896 6,765 6,020 124

HVAC Repairs & Maint-Off 6045-50-100 23,990 24,045 29,621 23,900 (145)

HVAC R & M - Conference Room 6045-50-300 1,739 0 3,567 2,000 2,000

Elev Contr Serv & Per-Off 6050-50-100 8,670 10,020 12,678 13,560 3,540

Elevator Rep & Maint-Off 6055-50-100 1,798 2,270 1,486 3,770 1,500

Electrical Rep & Supp-Off 6060-50-100 8,293 9,910 7,950 9,910 0

Plumbing Rep & Supp-Off 6070-50-100 6,074 6,900 2,994 6,900 0

Fire / Life / Safety-Gen 6080-50-300 15,432 11,630 9,734 16,145 4,515

General Repair & Maint-NR (Non-CAM Exp)6100-50-000 7,580 6,000 6,578 6,000 0

General Rep & Maint-Off 6100-50-100 11,398 11,120 9,340 11,120 0

Painting & Decorating-Off 6110-50-100 5,915 2,725 1,650 2,725 0

Locks, Keys & Signage-Off 6120-50-100 7,836 4,890 5,324 5,150 260

Pest Control-Off 6130-50-100 592 513 977 684 171

Ext Landscaping Serv-Gen 6210-50-300 10,609 11,655 12,851 11,110 (545)

Ext Landscaping Rep-Gen 6220-50-300 240 300 88 300 0

Int Landscaping Serv-Off 6230-50-100 7,102 6,300 6,835 6,300 0


SEATTLE BUILDING



5

Page 5 of 31

Base Janitorial Contr-Off 6310-50-100 80,412 86,400 82,089 86,400 0

Janitorial-Tenant Share 6310-50-900 2,132 2,124 2,131 2,124 0

Janitorial-Tenant Offset 6310-50-910 (2,132) (2,124) (2,131) (2,124) 0

Janitorial Supplies-Gen 6320-50-300 22,640 21,420 21,454 19,980 (1,440)

Window Cleaning-Off 6330-50-100 5,297 5,845 5,678 5,195 (650)

Other Janitorial Serv-Off 6380-50-100 1,953 1,200 700 1,200 0

Other Janitorial Serv-Gen 6380-50-300 5,082 5,100 5,350 5,100 0

Other Security Serv-Gen 6450-50-300 2,990 2,910 3,110 3,510 600

Electricity-Off 6510-50-100 94,545 111,780 114,341 101,040 (10,740)

Water/Sewer-Off 6520-50-100 28,972 40,800 41,323 31,200 (9,600)

Water/Sewer-Tenant Share 6520-50-900 13,506 13,200 14,626 14,700 1,500

Water/Sewer-Tenant Offset 6520-50-910 (13,506) (13,200) (14,626) (14,700) (1,500)

Gas-Off 6530-50-100 39,855 55,020 38,140 55,020 0

Trash Removal & Recyc-Off 6550-50-100 17,288 18,180 23,389 19,200 1,020

Brokers' Commission-Amortizatn 6600-50-000 54,491 60,000 60,000 62,000 2,000

Marketing & Leasing-NR 6710-50-000 1,016 1,200 658 1,200 0

Tenant Relations-NR 6720-50-000 4,309 4,800 4,674 4,900 100

On-Site Costs-Gen 6740-50-300 7,984 4,000 17,545 5,000 1,000

Administrative / Office Exp 6780-50-000 9,719 6,000 9,226 7,000 1,000

Other Administrative-Gen 6780-50-300 6,638 7,000 8,356 8,000 1,000

Real Estate Taxes-Gen 6810-50-300 258,047 260,000 276,657 290,000 30,000

Personal Property Tax-Gen 6820-50-300 592 1,000 588 1,000 0

Insurance-Gen 6900-50-300 103,129 108,360 112,545 112,500 4,140

Interest Expense 6910-50-000 27,239 19,710 19,415 16,050 (3,660)

Bad Debt: BLDG 6920-50-000 85 0 0 0 0

Depreciation 6950-50-000 453,660 471,931 472,741 501,286 29,355

Total Expenses 1,642,737 1,717,215 1,748,539 1,799,172 81,957


6

Page 6 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Moorage Rent/A-E Docks 4701-75-000 651,247 630,000 641,660 642,600 12,600

Misc Income - Marina 4702-75-000 1,697 1,500 4,242 1,500 0

Late Fee Income:MARIN 4705-75-000 0 0 0 0 0

Building Rent - Marina Bldg 4700-75-000 49,140 50,400 51,571 52,327 1,927

Total Revenue 702,084 681,900 697,474 696,427 14,527

Salaries 5010-75-000 104,040 100,720 103,370 105,125 4,405


Payroll Taxes 5020-75-052 9,110 9,133 9,261 9,671 539


Pension 5020-75-139 9,613 9,918 9,827 10,488 570

Legal-NR 5040-75-060 0 250 0 250 0

Audit 5040-75-076 3,985 3,960 5,014 4,100 140

Covered Moorage - R & M - NR 6020-75-000 0 1,450 0 1,450 0

Electrical Rep & Supp-NR 6060-75-000 0 1,150 1,265 1,150 0

Plumbing Rep & Supp-NR 6070-75-000 2,897 2,220 3,815 2,335 115

Fire / Life / Safety-NR 6080-75-000 1,255 2,100 3,510 2,610 510

General Reprs & Maint-NR 6100-75-000 6,208 6,750 8,898 4,080 (2,670)

Painting & Decorating-NR 6110-75-000 181 200 218 750 550

Locks, Keys & Signage-NR 6120-75-000 0 2,520 1,731 2,520 0

Base Janitorial Contr-NR 6310-75-000 2,133 2,820 2,932 2,820 0

Janitorial Supplies-NR 6320-75-000 819 780 715 900 120

Other Janitorial Serv-NR 6380-75-000 150 0 150 300 300

Land Lease Payments-NR 6460-75-000 108,493 114,000 104,454 111,400 (2,600)

Electricity-NR 6510-75-000 39,724 47,800 37,957 51,000 3,200

Electricity-Tenant Offset 6510-75-910 (28,487) (38,352) (32,552) (41,400) (3,048)

Water & Sewer-NR 6520-75-000 4,212 4,128 6,612 4,920 792

Water/Sewer-Tenant Offset 6520-75-910 (3,648) (1,884) (3,201) (2,460) (576)Trash Removal & Recyc-NR 6550-75-000 17,426 17,820 20,588 19,980 2,160

Other Administration-NR 6780-75-000 428 0 1,158 6,600 6,600

Real Estate Taxes-NR 6810-75-000 42,173 44,000 39,804 44,000 0

Special Assessments-NR 6830-75-000 228 0 221 0 0

Insurance-NR 6900-75-000 52,655 53,600 54,656 56,175 2,575

Bad Debt: MARINA 6920-75-000 0 0 0 0 0

Depreciation 6950-75-000 47,438 49,771 50,088 51,259 1,488

Total Expenses 432,764 453,343 446,137 471,809 18,466

Net Operating Income (Loss) 269,320 228,557 251,337 224,618 (3,939)


SEATTLE MARINA



7

Page 7 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Office Rent - Fife Building 4700-85-000 57,099 25,458 28,098 38,184 12,726

Operating Exp Reimbursement 4702-85-000 5,591 1,446 1,446 0 (1,446)

Total Revenue 62,690 26,904 29,544 38,184 11,280

Salaries 5010-85-000 7,649 7,302 7,502 7,550 249

Incentive Compensation 5010-85-058 0 526 263 682 155

Payroll Taxes 5020-85-052 672 686 649 720 34

Health/Security/LTD 5020-85-070 1,016 1,076 1,093 1,207 131

Pension 5020-85-139 684 698 685 722 24

Audit 5040-85-076 2,225 2,200 2,786 2,415 215

Building Cleaning 6010-85-000 9,000 9,000 8,250 9,000 0

Supplies & Materials 6270-85-000 0 480 80 480 0

Misc. Building Maintenance 6290-85-000 3,433 5,700 5,631 5,700 0

Fire Alarm System Monitoring 6292-85-000 1,190 850 1,333 1,460 610

HVAC Maintenance & Repairs 6400-85-000 2,391 2,400 3,466 2,400 0

Electricity 6510-85-000 4,260 4,000 3,761 4,000 0

Water & Sewer 6520-85-000 2,153 1,980 1,758 1,980 0

Gas 6530-85-000 1,162 1,800 1,629 1,920 120

Trash Removal & Recyc 6550-85-000 1,016 1,080 1,163 1,680 600

Brokers' Commission - Amort - Fife 6600-85-000 0 0 0 4,092 4,092

Real Estate Taxes 6730-85-240 15,477 16,000 15,198 16,000 0

Insurance & Bonds 6900-85-000 5,702 6,000 6,364 6,750 750

Depreciation 6950-85-000 27,389 27,389 29,363 46,080 18,691

Total Expenses 85,419 89,168 90,971 114,838 25,671

Net Operating Income (Loss) (22,729) (62,264) (61,428) (76,654) (14,391)


FIFE BUILDING



8

Page 8 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Total Revenue 0 0 0 0 0

Salaries 5010-13-000 26,804 26,009 26,409 26,209 200

Incentive Compensation 5010-13-058 0 1,053 526 1,364 311

Payroll Taxes 5020-13-052 1,708 1,816 1,866 1,910 95


Pension 5020-13-139 2,413 2,645 2,622 2,670 25

Officers / Board Meetings 5035-13-056 6,783 6,300 5,910 7,600 1,300

Miscellaneous Expense 5035-13-072 4,635 5,350 5,700 5,850 500

Office Expense 5050-13-000 1,377 1,590 1,852 1,350 (240)

Board Contingency 5120-13-054 15,000 20,000 15,000 20,000 0

Total Expenses 60,809 66,972 62,126 69,425 2,453



BOARD OF TRUSTEES



9

Page 9 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Disposal sale 4950-17-000 0 0 0 0 0


1. Maintenance - Service

Technology Services 5083-17-017 36,973 34,380 32,326 36,000 1,620

Professional Service 5083-17-019 0 0 370 0 0

Professional Service 5083-17-030 1,794 0 0 0 0

Professional Service - Labor 5083-17-034 0 0 0 0 0

Member Services 5083-17-036 3,298 7,200 5,042 7,150 (50)

Subtotal 42,064 41,580 38,828 43,150 1,570

2. Salaries 5010-17-000 19,348 18,663 19,463 22,440 3,777

Incentive Compensation 5010-17-058 0 947 474 1,364 416

Payroll Taxes 5020-17-052 1,481 1,618 1,608 1,930 312


Pension 5020-17-139 1,365 1,669 1,483 2,154 485

Travel 5030-17-000 0 0 0 0 0

Miscellaneous Meetings 5035-17-072 173 360 60 360 0

Cell Phone Exp. 5087-17-000 2,096 2,700 2,855 2,280 (420)

Subtotal 26,304 27,940 27,927 32,995 5,055

3. Software / Service Agreement

New Application 5081-17-017 312 1,000 150 1,000 0

New / Renewal Software License Fee 5089-17-017 5,560 11,720 9,342 11,500 (220)

Virus / Firewall Renewals 5089-17-062 0 0 0 3,525 3,525

Subtotal 5,872 12,720 9,492 16,025 3,305

4. New Equipment / Maintenance

Tech Equipment Maint- Parts 5082-17-000 4,745 13,600 5,741 9,600 (4,000)

Subtotal 5,145 13,600 6,519 9,600 (4,000)

5. Office Exp

Office Exp 5050-17-000 80 240 110 240 0

Subtotal 80 240 110 240 0

6. Depreciation 6950-17-000 16,752 19,717 18,074 18,000 (1,717)

Total Expenses 96,217 115,797 100,949 120,010 4,213



TECHNOLOGY



10

Page 10 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Conference Center Rental 4100-18-238 750 600 4,000 600 0

McGraw Hill Affinity Plan 4100-18-303 6,487 1,000 6,087 0 (1,000)

Verizon Affinity Plan - NPP 4100-18-304 38,053 21,000 24,655 25,000 4,000

Enterprise Affinity Plan 4100-18-305 6,150 7,000 6,060 4,000 (3,000)

Office Depot Affinity Plan 4100-18-310 14,207 9,400 1,111 1,000 (8,400)

Misc Income 4900-18-194 174 180 164 100 (80)

Misc Income/Service 4900-18-195 1,448 1,000 271 100 (900)

Total Revenue 69,269 40,180 42,349 30,800 (9,380)

Salaries 5010-18-000 167,622 158,070 161,008 160,470 2,400

Temp Help 5010-18-051 6,240 2,000 400 2,000 0

Employee Milestone Awards 5010-18-057 18,726 3,330 4,826 2,220 (1,110)


Payroll Taxes 5020-18-052 11,546 12,051 12,140 12,721 671


Pension 5020-18-139 16,551 16,432 15,720 16,719 287

Auto / Travel Expense 5030-18-000 9 200 126 200 0

Miscellaneous Meetings 5035-18-072 2,636 4,440 3,937 4,440 0

Legal 5040-18-060 1,430 2,500 420 2,500 0

Office Exp. 5050-18-000 17,602 18,414 16,953 18,788 374

Office Equipment Lease 5050-18-066 2,378 2,200 1,853 2,460 260

Office Equipment Maintenance 5050-18-067 5,500 7,800 8,389 8,290 490

Postage - Administration 5050-18-069 376 600 391 600 0

Parking / Metro 5050-18-071 2,574 3,360 1,679 1,800 (1,560)

Contract Printing 5050-18-074 265 600 1,005 800 200

Office Equipment - Interest 5050-18-290 869 866 518 366 (500)

Membership Dues 5060-18-061 750 1,630 805 1,630 0

Subscriptions 5060-18-062 671 1,142 155 997 (145)

Donations/ Memorials 5060-18-063 443 1,200 721 1,200 0

Internet Connnection 5085-18-000 116 780 761 3,600 2,820

Telephone Exp.- Admin. 5086-18-000 6,496 6,780 6,247 6,600 (180)

Cell Phone Exp.- Admin. 5087-18-000 1,364 1,440 2,473 2,280 840

Insurance & Bonds 5900-18-064 7,641 7,500 8,227 8,500 1,000

Staff Professional Training 5900-18-065 25,701 35,000 34,555 35,000 0

Personal Property Taxes 5900-18-068 197 320 320 400 80

Depreciation 6950-18-000 10,163 10,163 10,198 10,754 591

Total Expenses 326,105 325,841 316,701 337,175 11,334



ADMINISTRATION



11

Page 11 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Misc. Income - Accounting 4900-19-195 293 0 0 0 0

AGCA Discount Earned 4900-19-200 8,100 8,400 8,400 9,195 795

Total Revenue 8,393 8,400 8,400 9,195 795

Salaries 5010-19-000 159,889 148,113 133,104 104,748 (43,365)

Incentive Compensation 5010-19-058 0 9,790 4,895 6,682 (3,108)

Payroll Taxes 5020-19-052 12,542 13,362 11,421 9,108 (4,254)

Health/Security/LTD 5020-19-070 20,067 20,068 15,713 12,037 (8,031)

Pension 5020-19-139 12,418 13,033 10,539 10,095 (2,938)

Auto Expense 5030-19-000 32 240 159 240 0


Audit 5040-19-076 7,245 7,254 9,183 7,418 164

ADP Payroll Fees 5040-19-077 5,361 5,685 5,672 6,000 315

Professional Service 5040-19-144 1,576 3,500 4,456 3,500 0

Office Exp. 5050-19-000 1,286 1,020 1,416 1,020 0

Postage - Accounting 5050-19-069 1,159 1,620 994 1,620 0

Contract Printing 5050-19-074 618 550 0 550 0

Bank Charge 5050-19-231 349 300 650 300 0

Membership Dues 5060-19-061 530 735 250 735 0

Subscriptions 5060-19-062 79 120 81 120 0

Discounts Allowed (Visa/Dues) 5140-19-078 15,940 15,000 19,875 21,000 6,000

State Excise Taxes 5900-19-079 7,241 5,700 8,501 7,500 1,800

City Excise Tax 5900-19-279 7,327 7,500 8,232 7,500 0

Depreciation 6950-19-000 2,040 1,572 1,572 1,572 0

Total Expenses 256,018 255,862 237,996 212,445 (43,418)

Net Operating Income (Loss) (247,625) (247,462) (229,596) (203,250) 44,213


ACCOUNTING



12

Page 12 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Website Advertising 4100-22-197 7,300 7,000 1,350 7,000 0

Total Revenue 7,300 7,000 1,350 7,000 0

Salaries 5010-22-000 159,556 127,907 130,770 137,632 9,725


Payroll Taxes 5020-22-052 13,360 11,842 11,027 12,826 984


Pension 5020-22-139 12,305 8,710 9,340 13,824 5,114

Auto Expense 5030-22-000 711 0 1,853 1,400 1,400


Professional Service 5040-22-144 10,743 1,000 0 600 (400)

Website Maintenance 5040-22-250 450 1,200 200 600 (600)

Office Exp. 5050-22-000 213 500 689 480 (20)

Postage - Communications 5050-22-069 2,576 1,500 6,087 4,000 2,500

Protrait Photography 5050-22-089 2,834 2,500 2,324 2,200 (300)

Subscriptions 5060-22-062 519 712 50 300 (412)

Cell Phone Exp.- Comm. 5087-22-000 1,267 1,260 2,050 1,200 (60)

Advertising 5140-22-082 20,720 20,000 16,765 12,300 (7,700)

Public Relations 5140-22-083 838 3,500 2,848 3,400 (100)

Newsletter 5140-22-084 1,706 2,100 1,908 2,100 0

Annual & Special Reports 5140-22-086 10,772 11,000 3,273 7,300 (3,700)

Depreciation 6950-22-000 0 0 0 0 0

Total Expenses 256,118 220,348 211,916 232,065 11,717



COMMUNICATIONS



13

Page 13 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


CEO Out of Town Travel 5035-24-090 5,590 2,000 881 2,000 0

Executive Leadership Council 5035-24-094 1,868 4,700 5,526 4,200 (500)

National AGC Convention 5035-24-095 11,191 13,500 9,804 35,000 21,500

Western Chapters Meetings 5035-24-098 6,960 9,000 7,031 8,500 (500)

National AGC Leadership Conference 5035-24-099 14,288 18,500 8,392 16,500 (2,000)

Chapter Meetings 5035-24-100 698 1,200 1,157 2,000 800

Miscellaneous Conference 5035-24-126 4,857 2,200 1,928 3,200 1,000

Immediate Past President Night 5150-24-093 2,963 3,400 3,404 3,500 100

Old Timers Night 5150-24-129 3,666 3,200 3,281 3,300 100

Total Expenses 52,080 57,700 41,404 78,200 20,500



MEETING AND EVENTS



14

Page 14 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Safety/Constr Awards Dnr-INC 4150-25-127 40,050 45,000 44,155 45,000 0

Annual Meeting 4150-25-128 76,855 78,800 78,260 78,000 (800)

Total Revenue 116,905 123,800 122,415 123,000 (800)

Salaries 5010-25-000 25,281 24,375 24,975 24,375 0


Payroll Taxes 5020-25-052 2,133 2,264 2,158 2,304 41


Pension 5020-25-139 2,607 2,662 2,628 2,668 6

Auto Expense 5030-25-000 1,202 1,000 1,145 1,200 200

Miscellaneous Meetings 5035-25-072 198 500 100 300 (200)

Office Exp. 5050-25-000 60 300 165 150 (150)

Postage 5050-25-069 113 150 256 150 0

Safety/Excellence Cons Din-Exp 5150-25-127 49,505 45,000 47,733 45,000 0

Annual Meeting 5150-25-128 86,111 78,800 75,267 78,000 (800)

Award & Recognition 5150-25-130 13,474 10,500 12,957 12,500 2,000

Total Expenses 183,754 170,387 171,476 172,343 1,957



SPECIAL EVENTS



15

Page 15 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Intro / Retro 4010-36-204 27,300 5,200 39,650 17,000 11,800

Constructor In 4010-36-206 6,500 4,800 8,250 6,000 1,200

Min Dues - Introductory GC 4010-36-209 6,950 2,600 27,150 11,700 9,100

Min Dues - Associates 4010-36-211 173,593 171,900 186,178 175,000 3,100

Nat'l Educational Associate 4010-36-212 75 0 100 100 100

Min Dues - Retro 4010-36-213 6,600 6,000 6,400 6,000 0

Youth Constructor Dues 4010-36-248 300 500 200 200 (300)

NH-GC Dues 4030-36-205 281,260 255,000 268,490 261,000 6,000

Vol Dues - GC 4030-36-208 878,089 859,000 892,020 877,000 18,000

Vol Dues - Sub 4030-36-210 367,983 370,000 373,473 371,000 1,000

Prior Years Dues 4040-36-000 3,074 0 75 0 0

Sub-Total Dues Income 1,751,724 1,675,000 1,801,986 1,725,000 50,000

Misc Income/Mailing Labels 4900-36-198 60 0 0 0 0

Roster Advertising 4900-36-216 7,095 6,000 5,548 6,000 0

Sub-Total Other Income 7,155 6,000 5,548 6,000 0

Total Revenue 1,758,879 1,681,000 1,807,534 1,731,000 50,000

Salaries 5010-36-000 125,666 119,275 122,325 124,256 4,981


Payroll Taxes 5020-36-052 9,271 9,828 9,722 10,555 727


Pension 5020-36-139 10,944 12,443 11,519 12,583 140

Auto Expense 5030-36-000 206 300 0 300 0

Miscellaneous Meetings 5035-36-072 610 1,200 1,191 1,200 0

W. Chapters "Membership" Meeting 5035-36-098 0 0 0 5,000 5,000

Office Exp. 5050-36-000 81 600 462 600 0

Postage - Member Services 5050-36-069 1,202 1,030 1,213 1,030 0

Cell Phone Exp.- Member Services 5087-36-000 821 960 737 960 0

Early Payment Disc. (2%) 5140-36-078 24,785 29,550 27,868 28,000 (1,550)

Membership Promotion 5140-36-080 805 1,500 266 2,000 500

Bad Debt - Membership 5920-36-000 158 0 0 0 0

Depreciation 6950-36-000 2,449 634 1,912 30,366 29,732

Total Expenses 191,144 199,687 196,112 243,229 43,541



MEMBER SERVICE



16

Page 16 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


FLF Event Revenue 4150-16-175 2,618 4,000 10,625 12,000 8,000

Total Revenue 2,618 4,000 10,625 12,000 8,000

Salaries 5010-16-000 5,655 14,826 15,141 15,488 663


Payroll Taxes 5020-16-052 467 1,362 1,276 1,424 62

Health/Security/LTD 5020-16-070 524 2,150 2,179 2,412 262

Pension 5020-16-139 564 1,550 1,414 1,598 48

Rent / Facility Cost 5035-16-000 0 0 0 0 0

Membership Meetings 5140-16-177 1,484 2,300 2,696 2,300 0

Event / Entertainment Exp 5150-16-175 2,851 2,800 9,768 8,100 5,300

Food / Beverage 5300-16-000 1,622 7,300 6,857 7,650 350

Bad Debt - FLF 5920-16-196 0 0 0 0 0

Total Expenses 13,168 33,339 39,857 40,336 6,997



FUTURE LEADERSHIP FORUM



17

Page 17 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Salaries 5010-26-000 21,980 24,352 22,035 18,690 (5,662)

Incentive Compensation 5010-26-058 0 1,684 842 1,023 (662)

Payroll Taxes 5020-26-052 1,803 2,208 1,904 1,572 (637)


Pension 5020-26-139 1,336 2,139 1,779 1,780 (359)

Donations - Other 5060-26-000 5,250 5,000 5,243 10,000 5,000

Donations - AGCEF 5060-26-063 126,500 126,500 126,500 126,500 0

Events 5120-26-158 750 750 0 750 0

Education Subsidy to Members 5140-26-136 19,875 24,000 22,350 27,000 3,000

Total Expenses 180,002 190,075 183,409 189,185 (890)

Net Operating Income (Loss) (180,002) (190,075) (183,409) (189,185) 890


WORKFORCE DEVELOPMENT



18

Page 18 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Safety Promotion Items 4100-42-080 28,891 25,200 28,525 27,675 2,475

Safety Team Inspections 4100-42-218 19,845 19,575 22,165 20,925 1,350

Safety Training 4100-42-219 5,050 5,000 (200) 5,000 0

Safety Grants Income 4100-42-241 30,919 0 25,945 17,122 17,122

Field Day / Safety Team (Golf) 4150-42-176 22,705 20,725 23,215 21,850 1,125

Shipping - Safety Products 4900-42-195 757 1,050 634 800 (250)

Total Revenue 108,166 71,550 100,284 93,372 21,822

Salaries 5010-42-000 252,216 242,769 249,752 239,270 (3,500)


Payroll Taxes 5020-42-052 21,490 22,959 21,767 22,766 (193)

Health/Security/LTD 5020-42-070 35,347 37,588 38,114 37,463 (125)

Pension 5020-42-139 22,224 28,480 25,550 24,770 (3,710)

Auto/Travel Expense 5030-42-000 8,983 12,270 9,684 12,270 0

Corporate Travel 5030-42-178 1,875 4,680 4,335 4,760 80

Misc Meetings - Safety 5035-42-072 0 1,850 671 2,700 850

Consultants Fees 5040-42-144 3,140 3,000 3,000 3,000 0

Office Exp. 5050-42-000 1,059 1,200 938 1,200 0

Postage - Safety 5050-42-069 2,347 2,300 2,022 2,300 0


Membership Dues 5060-42-061 205 410 380 410 0

Cell Phone Exp.- Safety 5087-42-000 2,255 2,720 2,905 2,700 (20)

Safety Promotion 5120-42-080 28,533 22,352 27,109 22,352 0

Safety Grants Expense 5120-42-241 47,069 0 12 0 0

Hearing Conservation 5120-42-251 2,241 1,430 0 1,430 0

Safety Equipment 5120-42-350 1,562 200 0 200 0

Golf Tournment - Safety Team 5150-42-176 13,347 13,153 12,915 13,283 130

Insurance 5900-42-064 2,891 2,883 3,232 3,350 467

Depreciation 6950-42-000 7,612 9,083 8,703 9,841 758

Total Expenses 454,395 427,749 420,301 425,201 (2,548)



SAFETY



19

Page 19 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


PY 18 - Retro Income 4500-27-221 (12,906) 0 3,760 0 0

PY 19 - Retro Income 4500-27-222 (142,111) 0 (34,231) 0 0

PY 20 - Retro Income 4500-27-223 484,601 0 (34,301) 0 0

PY 21 - Retro Income 4500-27-224 0 225,000 577,042 0 (225,000)

PY 17 - Retro Income 4500-27-230 0 0 0 0 0

Retro Exp Gross/Reimbursement 4500-27-242 1,440,790 1,488,000 1,495,046 1,517,760 29,760

Total Revenue 1,770,374 1,713,000 2,007,316 1,742,760 29,760

Retro Program Expense Gross 5500-27-242 1,440,790 1,488,000 1,495,046 997,524 (490,476)

Total Expenses 1,440,790 1,488,000 1,022,677 997,524 (490,476)

Net Operating Income (Loss) 329,584 225,000 984,639 745,236 520,236


GROUP RETRO



20

Page 20 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Public Works Mtg Income 4100-30-072 0 7,000 0 7,000 0

Legislative Reimbursement 4100-30-147 17,500 17,500 17,500 17,500 0

Total Revenue 17,500 24,500 17,500 24,500 0

Salaries 5010-30-000 202,201 237,763 222,153 138,954 (98,809)

Contract Lobbyists / Temp Help 5010-30-051 60,000 62,700 60,000 116,000 53,300

Incentive Compensation 5010-30-058 0 13,633 6,816 10,841 (2,792)

Payroll Taxes 5020-30-052 17,979 21,148 18,619 12,301 (8,847)


Pension 5020-30-139 18,257 24,401 21,991 14,460 (9,941)

Auto Expense 5030-30-000 3,881 1,990 673 2,050 60

Corporate Travel 5030-30-178 1,080 4,100 904 4,000 (100)


Professional Studies 5040-30-149 2,500 2,500 2,500 2,500 0

Legal Research & Represt. 5040-30-161 0 3,500 3,500 3,500 0

Office Exp. 5050-30-000 9,173 7,150 3,911 7,125 (25)

Office Equipment Lease 5050-30-066 96 240 176 200 (40)

Office Equipment Maintenance 5050-30-067 495 1,200 994 1,250 50

Postage - GAC 5050-30-069 744 1,000 1,366 1,200 200

Contract Printing 5050-30-074 2,820 4,700 4,258 4,700 0

Membership Dues 5060-30-061 3,390 3,815 720 3,445 (370)

Subscriptions 5060-30-062 485 610 380 510 (100)

Donations 5060-30-063 269 1,100 264 600 (500)

LRC Membership 5060-30-160 0 2,500 2,500 2,500 0

Coalitions 5060-30-259 0 1,000 0 2,500 1,500

Rent - Leg. Office 5070-30-000 59,852 63,400 45,558 49,646 (13,754)

Internet Service Provider 5084-30-000 1,216 1,320 1,100 1,320 0

Telephone Exp.- Leg. 5086-30-000 3,128 4,000 2,849 4,000 0

Cell Phone Exp.- Leg. 5087-30-000 2,669 3,300 1,913 2,400 (900)

WebEx 5088-30-000 936 1,000 1,000 1,000 0

Public Works Promotion 5120-30-080 0 5,000 0 5,000 0

Public Works Committee 5120-30-153 0 7,000 922 7,000 0

State Facilities Committee 5120-30-155 0 300 300 0 (300)

LEARN 5130-30-083 0 1,000 1,110 1,000 0

Legislative Reporting Service 5130-30-147 3,775 3,970 3,638 3,870 (100)

Gov't Affairs Committee Exp. 5130-30-148 0 375 0 1,200 825

Insurance & Bonds 5900-30-064 1,257 1,350 1,426 1,550 200

Staff Professional Training 5900-30-065 0 0 0 0 0

Depreciation 6950-30-000 14,819 15,661 16,151 15,625 (36)

Total Expenses 440,988 542,875 460,317 453,506 (89,369)



GOVERNMENT AFFAIRS COUNCIL



21

Page 21 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Salaries 5010-31-000 12,475 26,668 27,421 28,932 2,263


Payroll Taxes 5020-31-052 1,042 2,418 2,319 2,618 200


Pension 5020-31-139 1,001 2,637 2,606 2,924 287

Auto Expense:BUILD 5030-31-000 0 300 267 200 (100)

Corporate Travel 5030-31-178 0 250 150 500 250

Misc. Meetings 5035-31-072 487 800 276 300 (500)

Office Exp. 5050-31-000 190 195 154 240 45

Indirect Overhead / Admin - Build Pac 5060-31-063 6,355 3,200 4,283 5,855 2,655

Total Expenses 23,277 41,463 41,706 47,452 5,989



BUILD-PAC



22

Page 22 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Misc. Meetings 4100-33-072 2,465 500 5,000 1,500 1,000

Total Revenue 2,465 500 5,000 1,500 1,000

Salaries 5010-33-000 2,071 2,000 2,040 3,000 1,000


Payroll Taxes 5020-33-052 174 182 177 277 95

Health/Security/LTD 5020-33-070 201 213 216 359 146

Pension 5020-33-139 212 217 215 326 109


Total Expenses 6,659 6,717 6,700 8,167 1,449

Net Operating Income (Loss) (4,194) (6,217) (1,700) (6,667) (449)


AGC - FEDERAL FACILITIES



23

Page 23 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Misc Income/Labor Forms 4900-34-220 16 0 128 0 0


Salaries 5010-34-000 147,499 143,329 148,362 167,549 24,220


Payroll Taxes 5020-34-052 12,115 12,804 12,459 15,437 2,633


Pension 5020-34-139 14,232 15,480 15,300 18,201 2,721

Auto Expense 5030-34-000 1,062 1,200 1,041 1,200 0

Legal 5040-34-060 4,900 6,000 6,845 7,200 1,200

Office Exp. 5050-34-000 107 480 399 480 0

Postage - Labor 5050-34-069 85 120 81 120 0

Cell Phone Exp.- Labor 5087-34-000 1,043 900 727 900 0

Labor Relations 5120-34-163 1,494 2,400 1,510 2,400 0

Trustee Expense 5120-34-166 1,340 1,200 1,317 1,550 350

Events - Turner School 5150-34-172 2,500 0 2,500 0 0

Depreciation 6950-34-000 386 386 386 386 (0)

Total Expenses 201,999 209,295 212,023 252,362 43,066



LABOR



24

Page 24 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Salaries 5010-40-000 9,252 10,020 10,260 10,272 252


Payroll Taxes 5020-40-052 787 928 884 965 37


Pension 5020-40-139 953 972 959 1,001 29

Auto Expense 5030-40-000 173 0 0 0 0


Resource Materials 5050-40-074 119 300 200 300 0

Open Shop Dinner Meeting 5120-40-167 100 375 585 375 0

Open Shop Speaker Exp. 5120-40-168 55 200 0 200 0

Open Shop Meeting Costs 5120-40-169 0 200 119 200 0

Open Shop Seminars 5120-40-170 295 375 126 375 0

Top Student Awards 5120-40-171 500 575 500 575 0

Misc. Industry Support 5120-40-172 1,196 1,025 1,050 1,025 0

Total Expenses 15,150 17,421 16,790 18,083 662

Net Operating Income (Loss) (15,150) (17,421) (16,790) (18,083) (662)


OPEN SHOP



25

Page 25 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Members' Event Income 4100-12-175 4,000 12,500 3,060 4,500 (8,000)

District Mtgs - Seattle 4100-12-177 21,460 10,150 13,761 13,700 3,550

Golf - Seattle District 4150-12-176 45,031 45,000 45,413 44,000 (1,000)

Total Revenue 70,491 67,650 62,234 62,200 (5,450)

Salaries 5010-12-000 114,671 110,229 112,689 110,756 527


Payroll Taxes 5020-12-052 9,670 10,136 9,781 10,337 201

Health/Security/Ltd 5020-12-070 12,327 13,066 13,260 14,560 1,494

Pension 5020-12-139 11,446 11,996 11,600 11,935 (60)

Auto Expense 5030-12-000 2,023 1,500 1,070 1,500 0

Miscellaneous Meetings 5035-12-072 300 1,500 705 1,500 0

Office Expense 5050-12-000 19 500 271 500 0

Postage - Seattle District 5050-12-069 471 600 203 400 (200)


Membership Dues 5060-12-061 3,055 4,000 1,295 4,000 0

Donations 5060-12-063 147 1,500 1,000 1,500 0

Cell Phone Exp.- Seattle 5087-12-000 826 900 733 900 0

Local Gov't Affairs 5130-12-174 2,536 6,000 1,905 6,000 0

Membership Promotion 5140-12-080 1,494 3,500 2,827 3,200 (300)

Holiday Open House 5140-12-175 8,312 9,000 9,335 10,000 1,000

Memb mtgs/ Seattle 5140-12-177 17,196 12,000 19,615 18,500 6,500

UW Construction Hall of Fame 5150-12-173 0 3,000 0 0 (3,000)

Member Events - Expense 5150-12-175 2,585 9,000 0 10,000 1,000

Golf Tournament - Seattle District 5150-12-176 36,862 40,500 35,805 44,000 3,500

Depreciation 6950-12-000 263 263 263 0 (263)

Total Expenses 224,204 246,264 226,194 258,506 12,242



SEATTLE DISTRICT



26

Page 26 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


District Mtgs - Southern 4100-14-177 17,715 21,000 14,065 18,900 (2,100)

Golf - Southern District 4150-14-176 36,984 37,000 37,925 37,000 0

Total Revenue 54,699 58,000 51,990 55,900 (2,100)

Salaries 5010-14-000 145,485 138,730 142,530 143,450 4,720


Payroll Taxes 5020-14-052 12,776 13,040 12,332 13,688 648


Pension 5020-14-139 12,313 13,262 13,044 13,711 448

Auto Expense 5030-14-000 1,651 2,904 1,236 1,800 (1,104)



Office Exp. 5050-14-000 3,652 2,400 3,765 2,400 0

Office Equipment Maintenance 5050-14-067 2,514 2,496 3,321 3,000 504

Postage - South District 5050-14-069 1,200 1,464 321 1,464 0

Office Equipment - Interest - FIFE 5050-14-290 1,032 660 832 650 (10)

Subscriptions 5060-14-062 447 144 24 150 6

Donations - Pierce County CC Day 5060-14-063 1,000 1,000 0 1,000 0

Telephone Exp.- Southern 5086-14-000 4,434 5,400 6,043 6,900 1,500

Cell Phone Exp.- Southern 5087-14-000 827 840 717 840 0

Memb Mtgs/ Southern 5140-14-177 26,667 37,000 26,213 28,100 (8,900)

Golf Tournament - Southern District 5150-14-176 30,867 33,000 25,574 36,000 3,000

Bad Debt - S. District 5920-14-000 0 0 0 0 0

Depreciation 6950-14-000 1,375 1,375 1,375 802 (573)

Total Expenses 267,661 286,168 265,618 291,891 5,722



SOUTHERN DISTRICT



27

Page 27 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Memb Mtgs/Northern District 4100-46-177 500 1,000 0 0 (1,000)

Membership Training 4100-46-189 0 0 500 0 0

Total Revenue 500 1,000 500 0 (1,000)

Salaries 5010-46-000 59,033 56,875 58,275 56,875 0


Payroll Taxes 5020-46-052 4,976 5,283 5,036 5,377 94


Pension 5020-46-139 6,084 6,212 6,132 6,226 15

Auto Expense 5030-46-000 2,072 2,000 2,690 2,400 400



Office Exp. 5050-46-000 1,256 750 970 750 0

Postage - North District 5050-46-069 431 480 630 600 120


Membership Dues 5060-46-061 435 700 1,149 1,000 300

Subscriptions 5060-46-062 700 365 484 190 (175)

Rent - N. District 5070-46-000 9,000 9,000 9,000 9,000 0

Telephone Exp.- Northern 5086-46-000 5 60 10 50 (10)

Cell Phone Exp.- Northern 5087-46-000 986 960 737 960 0

Community Services/ Image Bldg 5120-46-185 1,532 1,500 2,700 1,500 0

Membership Training 5120-46-189 2,870 4,500 3,071 4,000 (500)

Local Gov't Affairs 5130-46-174 940 1,500 925 1,000 (500)

Membership Promotion 5140-46-080 875 1,000 853 1,000 0

Memb mtgs/ Northern 5140-46-177 8,828 7,500 7,318 7,200 (300)

Insurance & Bonds 5900-46-064 487 500 545 600 100

Total Expenses 109,341 112,267 112,418 114,217 1,950



NORTHERN DISTRICT



28

Page 28 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


Memb Mtgs/Central Wa District 4100-48-177 388 1,000 535 1,000 0

Member Training 4100-48-189 0 600 72 600 0

Golf Tournament-Central WA 4150-48-081 18,571 16,000 17,460 16,000 0

Total Revenue 18,959 17,600 18,151 17,600 0

Salaries 5010-48-000 67,888 73,482 75,242 75,328 1,846


Payroll Taxes 5020-48-052 5,768 6,805 6,484 7,077 272


Pension 5020-48-139 6,986 7,130 7,029 7,342 212

Auto Expense 5030-48-000 3,836 0 0 0 0

Corporate Travel 5030-48-178 663 650 769 2,070 1,420

Office Exp. 5050-48-000 2,900 1,425 1,547 1,425 0

Office Equipment Maintenance 5050-48-067 0 0 0 0 0

Postage - Central District 5050-48-069 246 225 202 225 0

Utilities 5050-48-186 1,540 0 0 0 0

Membership Dues 5060-48-061 2,653 2,350 3,039 2,750 400

Subscriptions 5060-48-062 357 200 291 200 0

Rent - C. District 5070-48-000 19,990 7,800 6,549 7,020 (780)

Internet Service Provider 5084-48-000 1,260 1,200 721 720 (480)

Telephone / Cable TV - Central 5086-48-000 2,177 1,200 724 732 (468)

Cell Phone Exp.- Central 5087-48-000 1,073 840 717 840 0

Member Training Meetings 5120-48-189 1,049 1,800 899 1,800 0

HR Roundtable 5120-48-266 291 650 211 650 0

Local Gov't Exp. 5130-48-174 669 1,000 849 1,000 0

Membership Promotion 5140-48-080 2,334 2,400 2,316 2,400 0

Memb mtgs/ Central WA 5140-48-177 3,254 3,300 2,827 3,300 0

Golf Tournament - Central District 5150-48-081 15,247 15,000 14,807 15,000 0

Insurance & Bonds 5900-48-064 145 600 588 650 50

Depreciation 6950-48-000 239 410 410 410 (0)

Total Expenses 149,513 142,587 138,234 147,581 4,994



CENTRAL DISTRICT



29

Page 29 of 31

Budget 2014

MAS90 2013 2014 2014 2015 vs


LT Investment - Dividend MM 4801-90-000 14,444 0 9,323 0 0

LT Investment - Bond Interest 4802-90-000 14,000 24,000 18,215 24,000 0

Subtotal Interest and Dividends 28,444 24,000 27,537 24,000 0

LT Inv Real Gain(Loss)-Basis 4850-90-000 29,525 0 111,771 0 0

LT Inv Unreal Gain(Loss)-Mrkt 4851-90-000 303,050 0 (30,001) 0 0

Gain/Loss on Disposal of Asset 4950-90-000 0 0 0 0 0

Subtotal Gain (Loss) 332,575 0 81,770 0 0

Total Revenue/ Gain (Loss) 361,019 24,000 109,307 24,000 0

Investment Consultant Fee 5800-90-000 10,518 11,000 11,161 12,000 1,000

Total Expenses 10,518 11,000 11,161 12,000 1,000

Net Operating Income (Loss) 350,501 13,000 98,146 12,000 (1,000)


NON-OPERATING



30

Page 30 of 31

2015 2014 2014Capital Capital Capital

Proposed Approved ForecastBudget Budget Actual

Buildings Buildings

Seattle Building Seattle BuildingReplace 1st and 2nd Floor Slider Doors 100,000 Replace Building Control System 110,000 110,000Renovate Building Restrooms - 2 Floors 70,000 Renovate Building Restrooms - 3 Floors 100,000 100,000Video Cameras 18,000 ADA Railings 5,000 5,000Generator Upgrade 5,203 Building Piling Repairs 475,000 387,109Stairwell Lock Upgrade 5,727 Underground Parking - Sealcoat & Restripe 6,000 4,977

Re-surface & repair Lower Parking Lot 45,000 24,000Relocate AGC Office 0 91,334Office Wiring 0 10,667AGC Education Foundation Office 0 19,910Stairwell Locksets 0 5,727

Fife Building Fife Building

Fife Building - Roof 55,000

Subtotal 253,930 Subtotal 741,000 758,724

Tenant Improvements Tenant Improvements

Seattle Building - Various Suites 125,000 Seattle Building - Various Suites 125,000 147,388Fife Building - Ste C 30,000 30,000


Leasing Commissions Leasing Commissions

Commissions 80,000 Commissions 35,000 87,267


AGC Building Total 458,930 AGC Building Total 931,000 1,023,379

Marina Marina

Replace Dock Decking - D dock 90,000 92,342Submeter Repair - A,B,C,D Docks 0 11,670

Marina Total 0 Marina Total 90,000 104,012

Association AssociationTechnology Technology

Server / Computer Upgrade 14,500 Server / Computer Upgrade 10,000 10,000


Member Services Member Services

DataBase 90,000 DataBase 80,000 120,000

Seattle OfficeOffice Equipment 0 16,930Furntire / Fixtures 0 4,490


Safety Safety

Auto 25,000 25,000

Subtotal 0 Subtotal 25,000 25,000

Government Affairs Office Government Affairs Office

0 0

Subtotal Subtotal 0 0

Association Total 104,500 Association Total 115,000 176,420

Replenish Reserve Account 0 Replenish Reserve Account 0 0

Subtotal - Capital Expenses 563,430 Subtotal - Capital Expenses 1,136,000 1,303,811

Debt Service 78,000 Debt Service 76,000 75,727

AGC CAPITAL PROPERTY & EQUIPMENT 641,430 AGC CAPITAL PROPERTY & EQUIPMENT 1,212,000 1,379,538

2015 AGC CAPITAL PROPERTY & EQUIPMENT BUDGET

H:\Acctg\12. Budget & Cash Flow\3. Capital Budget & Projection\2015 Capital Budget\2015 Proposed Capital Budget Schd

31

Page 31 of 31

TAB 8

AGC WILL WORK FOR• A transportation revenue package

sufficient to address critical preservation,safety and capacity needs.

• Rational and reasonable environmentaland business regulation reforms.

• Essential infrastructure investmentfinancing mechanisms.

• Rational and reasonable prevailing wagereforms.

• Workers’ Compensation systemimprovements.

• Tax simplification on constructionactivities.

PROPOSED --- AGC of Washington 2015 LEGISLATIVE PRIORITIES

AGC WILL WORK AGAINST• Proposals that diminish funding for

transportation or capital construction.

• Proposals that unreasonably increasebusiness taxes, costs or regulations.

• Proposals that divert funds fromdedicated programs to other unrelatedpurposes.

• Enactment of false claims legislation whichaffects public works construction.

• Public construction procurementmethods which are not well vetted or do not have a consensus of support within the affected AGC contractor membership.

• Environmental proposals that imposeunnecessary burdens on contractorswhich are not practical, or are noteconomically and technically feasible.

• Detrimental land use laws which makedevelopment efforts unreasonablydifficult or costly.

If you have questions about AGC’s priorities or need more specific information on a particular issue, please contact the AGC Government Affairs Team in Olympia at 360.352.5000.

TAB 9

2014 AGC Board Member Questionnaire

1. How has your overall experience been serving on the AGC Board of Trustees?

_________________________________________________________________________________

2. What has been the best thing about your Board experience?

_________________________________________________________________________________

3. What has been your least favorite aspect about your Board experience?

4. What could AGC do to improve future Board meetings / retreats?

5. How could Board members be more involved in AGC?

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

6. Are there other individuals in your company who are actively involved in the association?

(committees, task forces, FLF) If yes, are they interested in serving on the Board?

_________________________________________________________________________________

_________________________________________________________________________________

_________________________________________________________________________________

Board Member: ______________________________________________Date:__________________________

Please mail or email back to Dani Tijan [email protected], or AGC of Washington, 1200 Westlake Ave. N., Suite 301,

Seattle, WA 98109; ph. 206.284.0061. Thank you!

Responses will be anonymous.

Documents

BOARD OF TRUSTEES MEETING December 8, 2014 4 – 5 PM … · 2019. 12. 8. · BOARD OF TRUSTEES MEETING December 8, 2014 4 – 5 PM Seattle, Washington AGC Conference Center PURPOSE