BOARD OF TRUSTEES MEETING September 8, 2014 11:00 AM – … › wp-content › uploads › 2019 › 08 › SEPT... · 2019-08-19 · 1 BOARD OF TRUSTEES MEETING September 8, 2014

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BOARD OF TRUSTEES MEETING

September 8, 2014 11:00 AM – 1:30 PM

AGC Conference Center, Seattle, Washington

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

Knowledge of key association activities. Consensus on updated Strategic Plan. Consensus on proposed 2015 Budget Assumptions & Priorities.

AGENDA TAB

CONSENT AGENDA (5 min.) 1. Approval of April and June summary minutes 1 2. Approval of May – September Membership reports 2 WRITTEN REPORTS

1. District Reports: Central, Northern, Seattle, Southern 3 2. Department Reports: Group Retro, Labor, Property 4

ORAL REPORTS 1. President’s Report (5 min.)

a. Officers’ Retreat recap 1. KCCCD – approved $5k contribution from Board Contingency Fund 2. Properties (reviewed 10-yr. capital improvement plan) b. Staff – AGC of America “Years of Service” recognition :

Jerry Dinndorf, 15 yrs. 2. Executive Vice President’s Report (5 min.) a. AGC of America update b. Charter Fee for 2015

INTERACTIVE DISCUSSION/ACTION 1. Controller’s Financial Report – Kelly Barber (10 min.) 5

a. Approval of July financial statements 2. Updated Strategic Plan – Dave D’Hondt (10 min.) 6

(11:30 AM buffet lunch) (30 min.)

3. GAC Update – Van Collins (15 min.) 4. Proposed 2015 Budget Assumptions & Priorities – Joe Simmons (15 min.) 7 5. Seaplane Museum update – Joe Simmons (15 min.) 6. Westlake Cycle Track update – Dave D’Hondt (10 min.)

NEW BUSINESS (5 min.)

1. Announcements: Sept. 10 Southern District Membership Dinner, 5 PM, Fircrest Sept. 16 Seattle District Membership Mtg., 7:30 AM, Harborside Oct. 1 Southern District Membership Dinner, 5 PM, Fircrest Oct. 21 Seattle District Membership Mtg., 7:30 AM Nov. 5 Southern District Membership Dinner, 5 PM, Fircrest Nov. 10 Board of Trustees’ mtg., 11 AM – 1:30 PM, AGC Conference Center

1:30 PM Meeting adjourned

Tab One

SUMMARY MINUTES AGC OF WASHINGTON BOARD OF TRUSTEES MEETING APRIL 14, 2014

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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 John Korsmo Korsmo Construction, Inc. Brent Levander Centennial Contractors Enterprises Annie Lombroia Ashbaugh Beal Nancy Munro MidMountain Contractors, Inc. Mark Seaman J.R. Abbott Construction Inc. Glyn Slattery Lydig Construction, Inc. Brian Westerlund Veca Electric & Technologies Sharon Young Concord Construction, Inc. BOARD MEMBERS ABSENT Butch Brooks Brooks Construction Management Todd Kunzman Andgar Corporation John Parker UNIMARK Construction Group LLC J. Schaufelberger UW College of Built Environments Gary Smith Lease Crutcher Lewis WA, LLC

STAFF/GUESTS PRESENT Dr. William Bender Central WA University Michoan Spoelstra Central WA University David D’Hondt AGC of Washington Tim Attebery AGC of Washington Kelly Barber AGC of Washington Richard Bristow AGC of Washington Van Collins AGC of Washington Liz Evans AGC of Washington Greg Crisostomo 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 Valerie Matt AGC of Washington Stacy Mullane AGC of Washington Doug Peterson AGC of Washington Dani Tijan AGC of Washington Jerry VanderWood AGC of Washington

CALL TO ORDER President Joe Simmons called the meeting to order at 11:05 a.m.

CONSENT AGENDA Action: It was moved (Day), seconded, and carried to accept the February summary minutes and the March and April Membership reports, as follows:

Re: March Membership Report (Officers approved 3/14/14) The following candidates have been screened and meet the proper classification requirements:

NEW MEMBERS

ASSOCIATE Central District ShirAul, LLC, Sunnyside, WA Northern District Belcher Swanson Law Firm, PLLC, Bellingham, WA Seattle District All Star Rent A Fence, Rochester, WA QCC Quality Controls Corporation, Lynnwood, WA JPMorgan Chase & Co., Seattle, WA Mountain Medic CPR, Everett, WA Southern District Northwest Steel & Pipe Inc., Tacoma, WA

GENERAL CONTRACTOR Seattle District Comren, Inc., Chatsworth, CA

INTRODUCTORY SUBCONTRACTOR Seattle District Prime Electric, Inc, Bellevue, WA Southern District Franklin Roofing Enterprises, Inc., Puyallup, WA T. Barger Dirtworks, LLC, Buckley, WA


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SUBCONTRACTOR Seattle District Stansell Glass Inc, Auburn, WA

MEMBERSHIP CATEGORY CHANGE Mode Construction – was approved for a Subcontractor membership on the February Membership report, has decided to change their membership to General Contractor.

NAME CHANGE LA Structures Northwest, LLC is now known as LA Interiors Northwest, LLC M Campbell & Company Inc. is now known as Campbell & Company Inc. Snyder Roofing, Inc. is now known as Snyder Re: April Membership Report The following candidates have been screened and meet the proper classification requirements:

NEW MEMBERS

ASSOCIATE Seattle District Swerve Fleet Training, Issaquah, WA TransWest, Seattle, WA Southern District Premier Rentals, LLC, Port Orchard, WA

INTRODUCTORY RETRO GENERAL CONTRACTOR Southern District JR Hayes Corporation, Maple Valley, WA

SUBCONTRACTOR Southern District Secoma Fence, Inc., Milton, WA

MERGER Gallina purchased Tueffers, Guckian, & Gamon. They are all now called “Gallina LLP.” HUB purchased Unity Group and Argus Insurance. They are all now “HUB International Northwest.”

NOT RENEWING MEMBERSHIP Associates Argus Insurance, Inc. – Central - Company purchased by HUB International Solbakken Company – Central- This "company is dormant." Art has moved to So. Cal. The Unity Group Insurance & Employee Benefits – Northern - Company purchased by HUB International Ahern Rentals – Seattle - Membership didn't produce enough business B+T Group – Seattle - No longer representing client Ball Janik LLP – Seattle - Seattle office has closed CLP Resources Inc – Seattle - No reason given GeoRadar Imaging – Seattle - No longer participating in Health plan. Doesn't use our services H.D. Fowler Company – Seattle - No reason given Haulaway Storage Containers, Inc. - Seattle - No reason given Puget Sound Refrigeration, Inc – Seattle - Doesn't use our services Redmond Welders & Fabricators, Inc. – Seattle - Company has refocused marketing efforts


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Tetra Tech, Inc. – Seattle - No one available to participate Xylem Dewatering Solutions (aka Godwin Pumps) - Seattle - No reason given

General Contractors Chad Fisher Construction – Northern - Need to focus on growing business, will return in future Trails Landcare – Seattle - Cost outweighs benefits used White Residential, Inc. – Seattle - No longer has a presence in WA State Wildish Standard Paving Co. – Seattle - Not able to participate in Retro, premiums too low American Pump & Electric, Inc. – Southern - No reason given Kevcon, Inc. – Southern - No reason given

Subcontractors Wray Plumbing Inc. – Central - Not able to participate in Retro, premiums too low Anderson's Door Co. Inc. – Seattle - Left the AGC Health Plan and decided not to renew ESC Automation – Seattle - Focusing marketing efforts on the Mechanical Contractor side of business Sea-Tac Electric, Inc. – Seattle - No longer met underwriting requirements Sequoyah Electric, LLC – Seattle - No reason given Campbell-Cox Floor Covering, Inc. – Southern - Closed Business D. Zelinsky & Sons Inc. – Southern - No longer performing work in WA State.

Retro AAA Ready Mix, Inc. II - Inland NW- No longer met underwriting requirements D.R. Construction Services LLC - Inland NW - No longer met underwriting requirements Dempsey Masonry - Inland NW - No longer met underwriting requirements Wesslen Construction, Inc. - Inland NW - No longer met underwriting requirements

The following are member companies who have not yet paid their 2014 dues. They will remain members until April 15th; following that date, per the bylaws, they become members not in good standing and should be expelled from membership. Companies highlighted paid their 2014 dues by 4/15/14.

ASSOCIATES Winston & Cashatt – Central Materials Testing & Consulting, Inc. – Northern Armtec Limited Partnership – Seattle Barokas Martin & Tomlinso – Seattle BDO USA, LLP – Seattle CleanScapes, Inc. – Seattle CliftonLarsonAllen LLP – Seattle CAN – Seattle Foss Marine Holdings – Seattle Hilti – Seattle Mine Safety Appliances – Seattle

Networkfleet – Seattle USTravel – Seattle Washington State Conference of Mason Contractors –Seattle Waste Management, Inc. – Seattle Best Parking Lot Cleaning Inc – Southern Harsco Infrastructure Americas – Southern Parker Paint / The Comex Group – Southern Taylor Trucking LLC – Southern

GENERAL CONTRACTORS Balfour Beatty Infrastructure, Inc. – Southern Lehner Construction, Inc. – Southern

SUBCONTRACTORS Canam Steel Corporation (SunSteel LLC) – Central Architectural Millwork Installation – Seattle Demolition Man, Inc. – Seattle High Tech Pacific Builders – Seattle


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WRITTEN REPORTS The following written reports were made available to the Board: district reports by the Central, Northern, Seattle and Southern districts; and, the Communications Committee report (copies attached to original meeting summary).

ORAL REPORTS President’s Report – President Simmons reported on AGC of America’s National Convention, which was held in Las Vegas. He noted that it was a very worthwhile meeting, and that over 200,000 people attended Con-Expo.

Simmons reported that there would be more details soon regarding the June 6 Board Retreat, which is currently scheduled from 8:30 AM to 3:30 PM. He noted that the retreat might conclude a little earlier.

Staff recognized for their years of service included: Kelly Barber – 10 yrs. Valerie Matt – 5 yrs.

Executive Vice President’s Report – Executive Vice President David D’Hondt reported on the following: AGCA’s new health insurance program for members (in conceptual stage) AGC of Washington headquarters will be moving across the hall in July, downsizing to a 4,630 sq.

ft. space from its current 7,365 sq. ft. space. Westlake Associates has signed a lease for the current AGCWA space, which excludes the Lake Union Room. It will remain part of the AGC office space. It was reported that this will generate approximately $82,734/yr., on a 10-year lease. D’Hondt reported that the Education Foundation will relocate to the Sea Tech Center.

Seattle Property Update – Director of Membership and Properties, Dick Bristow, gave an updated report on the building’s piling project, which is temporarily on hold pending receipt of new materials needed for a few of the pilings. It was anticipated that the completed project would still be under budget.

Central Washington University / AGC of Washington Endowment Update – Dr. William Bender and Michoan Spoelstra, on behalf CWA’s Department of Construction Management, gave an updated report on how CWU has spent its $50k contribution from AGCWA. It was reported that 80% ($40k) went into an endowment, and the remaining 20% went into a spending account to help fund curriculum updates, workshops, field trips, consumables, among other things; they are now in a new Leed Gold Building, which has a learning/living lab. It was noted that one of the classrooms has been permanently named after AGC of Washington. It was reported that the recent recession did affect overall enrollment, which is back up to 75 students as it was prior to the recession. Dr. Bender and Ms. Spoelstra thanked the AGC and Board for the generous contribution to CWU. President Simmons commended CWU for graduating first-rate students.

INTERACTIVE DISCUSSION/ACTION

Controller’s Financial Report – Controller Kelly Barber reviewed the financials for the month ended February 28, 2014. As of February 28, 2014 the Net Operating Income (NOI) equaled $1.192M vs. a year-to-date budget NOI of $1.100 M, creating a favorable year-to-date budget variance of $92k. The year-to-date positive revenue variance of $76k combined with the positive expense variance of $16k produced the total favorable year-to-date budget variance of $92k. He reported that the building was at 96% occupancy as of February 28, 2014.

Action: It was moved (Cressman), seconded (Korsmo), and carried to approve the February financial statements as presented.

Results of 2013 AGC Audit Report – Controller Kelly Barber reviewed the 2013 audit report by Doty, Beardsley, Rosengren & Co., P.S. Barber reported an increase in net cash and cash equivalents of $329k


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at year-end 2013 compared to $208k at year-end 2012. Per Barber there were no recommended changes from the auditors.

Action: It was moved (Day), seconded, and carried to approve the 2013 audit report as presented.

Washington State University Grant Request – D’Hondt reported on a request by WSU for a $10k grant request. It was noted that the original intent was to give WSU a total of $50k over a 5 year period at $10k per year to avoid booking the entire amount in the first year; the first contribution was given in 2012 and nothing in 2013 because the university failed to make a formal request. Per D’Hondt monies would be used for miscellaneous expenses in the Construction Management Dept., such as new curriculum, BIM lab, etc. Board comments were positive regarding WSU.

Action: It was moved (Korsmo), seconded, and carried to give $10k to Washington State University out of the Board Contingency Fund.

GAC Legislative Update – Chief Lobbyist and General Counsel Van Collins gave an updated government affairs report, which included:

Recognition of legislative staff: Office Manager Michele Willms, Lobbyists Jerry VanderWood and Duke Schaub; as well as district managers Tim Attebery, Jerry Dinndorf, Liz Evans, and Dave Kearby, who assist with district legislators;

Transportation Package – remains optimistic; the Governor is not playing a leadership role; Recapped bills that passed the Legislature; Election year – will be meeting with candidates to make appropriate recommendations to AGC’s BUILD PAC; Jim Johnson to retire from State Supreme Court; AGCWA being asked to assist in finding a commercial

litigator; State Senate Majority Leader Rodney Tom may retire from the Legislature; LEARN – planning to take legislators on public works job sites and bid dates; anyone interested in assisting

with this, please contact Van; Legislative voting records – being published in AGC Works; Collins and D’Hondt recently met with Senator Mark Schoesler.

State Facilities Committee – Collins reported that the State Facilities Committee is being revitalized with new representatives from the various state agencies. The committee is in need of a chair or two; they are considering one from the east and west. Collins expects the first meeting to take place within a month.

Announcements April 15 Seattle District Membership Mtg., 7:30 AM, Harborside May 7 Southern District Membership Mtg., 5 PM, Fircrest May 19 Seattle District Golf Tournament, Bear Creek Country Club June 6 Board of Trustees Retreat, 8:30 AM – 3:30 PM, AGC Conference Center Director of Communications, Jerry VanderWood, reported on a new leadership series geared toward FLFers. He encouraged members to send their staff to one or more; they will begin with “Leaders Learn from Mistakes, which will be held May 13.

Director of Safety, Mandi Kime, reported that AGCWA is hosting a Construction Health and Safety Technical Study Workshop on May 9 from 9 AM – 1 PM; it is free to members.

The meeting was adjourned at 1:10 PM.

______________________________________________________________________ Mark Seaman, Secretary/Treasurer Date

SUMMARY MINUTES AGC OF WASHINGTON BOARD OF TRUSTEES RETREAT JUNE 6, 2014

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BOARD MEMBERS PRESENT Joe Simmons Joseph S. Simmons Construction, Inc. Butch Brooks Brooks Construction Management (via conference call) Todd Kunzman Andgar Corporation John Parker UNIMARK Construction Group LLC J. Schaufelberger UW College of Built Environments Gary Smith Lease Crutcher Lewis WA, LLC Delton Bonds Mountain States Const.Co Paul Cressman Ahlers & Cressman, PLLC Ken Day Ness & Campbell Crane, Inc. Jake Jacobson Osborne Construction Company Brent Levander Centennial Contractors Enterprises Annie Lombroia Ashbaugh Beal Nancy Munro MidMountain Contractors, Inc.

Mark Seaman J.R. Abbott Construction Inc. Glyn Slattery Lydig Construction, Inc. Brian Westerlund Veca Electric & Technologies Sharon Young Concord Construction, Inc. BOARD MEMBERS ABSENT John Korsmo Korsmo Construction, Inc. STAFF/GUESTS PRESENT David D’Hondt AGC of Washington Kelly Barber AGC of Washington Richard Bristow AGC of Washington Dani Tijan AGC of Washington Greg Robinson Marshall & Sullivan

CALL TO ORDER President Joe Simmons called the meeting to order at 9:00 a.m.

STRATEGIC REVIEW / PLANNING Marshall & Sullivan Portfolio Review – Greg Robinson, Marshall & Sullivan, gave an updated report on AGCWA’s portfolio. Robinson noted that his firm has been conservatively managing (per Board direction) AGCWA’s monies for the past 10 years, slowly growing assets from $1.5M to $2.2M. Robinson expects interest rates to slowly come up by year-end. He noted that AGC does it right by not spending monies contributed. Financial Report – Controller Kelly Barber reviewed the Financial Report as of April 30, 2014. He reported as of April 30, 2014, the Association (including properties) had a positive variance over the budget by $232k; also, 100% of budgeted annual dues revenue had been received as of April 30, 2014. The operating cash and cash equivalent balance for the month ending April 30, 2014, was $2.050 million in low risk and highly liquid investments with a maturity date of three months or less. As of April 30, 2014, the investment portfolio market value was $2.201 million, which consists of $35k in short-term investments, $1.182 million in equities and $984k in securities. The building occupancy rate was 94% as of April 30, 2014.

Barber reviewed the 2014 breakdown for Retro sponsorship fees, as follows:

AGC Inland Northwest $140,699 AGC of Washington $512,270 It was noted that AGCWA conservatively budgeted $225k for 2014 Retro sponsorship fees.

Action: It was moved (Day), seconded (Schaufelberger), and carried to accept the April financial statements as presented.

Membership – Director of Membership & Properties, Richard Bristow gave an updated report on membership recruitment and retention to date. He reported that each district focuses a large portion of activities on membership recruitment and retention with oversight by himself and Dave D’Hondt. Bristow stated that due to the new Health Plan, there has been an upswing in membership enrollment with 24 members joining specifically for this benefit since 11/15/13. He reported a net gain of 5 members for the year, or a total of 619 including Retro members. Ideas being considered to enhance membership recruitment/retention include:

Expand district boundaries to assist Seattle District Use of other staff Create an Associates Council


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Have a recruitment event Evaluate the use of volunteers Establish an oversight committee

Technology – Kelly Barber reported that AGCWA is looking to upgrade its database; it has been 6 yrs. since it was last upgraded. Per Barber, the project overview will include:

Website responsive design (mobile devices / tablets / computers) Website design (create a newer and fresher looking site) Application upgrade (new software would be much faster and simpler to use) Application responsive development (building certain modules of the new application so that they respond to

the screen size of mobile browsers) Project timeline (June, 2014 – November, 2014) Estimated database cost = $89k; additionally, $3,600 for annual application hosting and support. Total cost

estimate @ $120k.

A suggestion was made by the board to sample a focus group of members on AGC’s website.

Barber stated that eventually various “app” development will be pursued for Smart phones / tablets.

Board members questioned the annual fee. Barber and D’Hondt assured the Board that extensive research has been done with four vendors; AGC found the current vendor to be very competitive, overall less expensive, and works with associations. AGC Education Foundation Discussion – President Simmons reviewed the three main functions of the AGC Education Foundation:

Workforce Development – classes for members/non-members; K-12 Grants & Scholarships for college students (15 @ $35k ea.); also, members receive a $25 scholarship for

each class taken, which is paid by AGCWA. (Per the Foundation) Being a 501(c)3 non-profit association requires them to charge the same fees to members and non-members alike.

Endowment – currently $4M (fundraising efforts focus on members / non-members)

It was noted that AGCWA (in addition to “in kind” contributions; i.e. free rent, accounting services = total approximately $200k yr.) has been subsidizing $125,500/yr. to the AGC Education Foundation. In reviewing administration costs, it was noted that they have more than doubled since 2005; the salaries of four staff totals $310k. It was noted that while the Foundation undoubtedly employs quality people, it is in the top 3 budget-wise per a PAS Survey of other foundations; and, it is the only foundation in the nation that receives monies and does not give monies to its association. D’Hondt stated that it is the Foundation’s current objective to “break even.” D’Hondt and Simmons asked the Board, “What can AGCWA do to help the Foundation make a profit?” Past President Butch Brooks stated that we are not asking the Foundation to do anything the AGC of Washington has not done over the past five years. Per Brooks, the Foundation has “fallen in love with the status quo. There is no doubt the Foundation can be self-sufficient.” He noted that everyone has made monetary adjustments during the down economy and has been the better for it. In reviewing the latest version of the Foundation’s Partnering Agreement with the AGCWA and the Foundation’s Bylaws, it was noted that many important conditions have been removed. The Officers recommended the following Partnering Requests for the AGC Education Foundation:

1. Appoint four AGC Board Members to the foundation board; one of whom will be the Chapter Secretary, who will also serve as a voting member of the Foundation Executive Committee.


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2. Appoint the AGC Executive Vice President as an ex-officio member of the Foundation Executive Committee.

3. AGC and Foundation annual and strategic planning efforts including at least two joint meetings each year of the AGC Officers and the Foundation Executive Committee.

4. The Foundation will work cooperatively with the AGC to develop work plans and briefing material to support funding levels for approval during the AGC annual business planning and budget process.

5. The Foundation will provide quarterly financial and work plan reports to the AGC Board of Trustees.

Bylaws: 1. Remove, unlimited duration for persons elected to the Executive Committee. 2. Remove, Officers may be elected for consecutive terms without restriction. 3. 2nd Vice President (AGC) shall serve a one-year term from the date of installation.

Financial Support ($126,500): 1. FY 2014-2015 = $126,500 2. FY 2015-2016 = $63,250 3. FY 2016-2017 = $0

Action: After much discussion among the Board, it was moved (Brooks), seconded (Jacobson), and passed for the Officers/ Board to negotiate a partnering agreement with the AGC Education Foundation Board using the above parameters, with one exception regarding financial support – allow more leeway with no more than a 5-year spread.

Points made by Board members included: K-12 is an important recruiting piece; Decide what services we want from the Foundation; Look at the funding system and what they are raising $ for; Don’t want the Foundation to just “break even”; Stricter accounting of $ received from AGCWA; This is not about Diane or staff; this is an opportunity to do other things; i.e. getting grants for

themselves; Consider term limits on directors; size of their Board; are they on the cutting edge; Consider increasing scholarship amount and decreasing other areas; Members don’t give their fair share to the Foundation; would like to see the endowment reach

$20M; can do better job marketing & fundraising; AGC needs to motivate the Foundation to do better; Proceed cautiously and review at September Board meeting.

INTERACTIVE DISCUSSION/ACTION Recommended bylaws’ change to include Introductory Subs – On behalf of the Officer Corps, President Simmons recommended a bylaws’ change to include subcontractors in addition to general contractors in the Introductory Contractor Membership category (see verbiage below):

Recommended AGC Bylaws’ Change (highlighted in yellow below):

3.4 Classes of Membership

There shall be eleven classes of membership in the Chapter as follows: (a) A General Contractor Member is any individual, firm, or corporation, who, by agreement with another party, undertakes to execute part or all of a construction project and who executes such work in whole or in part with his/her own construction forces. Only contractors who have been engaged in general contracting for at least two years prior


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to applying for membership in this Chapter shall be eligible for General Contractor Membership. A contractor firm established by individuals who had managerial responsibilities or ownership in previous member firms may be considered for membership without two years prior experience described above. Only General Contractor Members shall have the right to vote and hold office in the Chapter, except as otherwise specifically provided in these Bylaws. (b) An Introductory Contractor Member may be an individual, firm, or corporation engaged in the construction business as a general contractor or subcontractor who is not, nor has been, during the previous three years, a member of this Chapter, and who is not currently a member of any other AGC Chapter, or who has made application. Introductory Contractor Members shall transfer to General Contractor Membership or Subcontractor Membership when qualified through meeting the requirements as outlined in 3.4(a) or 3.4(d). (c) A Constructor Member may be an individual, firm, or corporation engaged in the construction business as a general contractor, but who is a branch or subsidiary of a holding company, corporation or amalgamation where the parent company is a General Contractor Member. (d) An AGC Subcontractor Member is an individual, firm, or corporation which, by agreement with another party, undertakes to execute work on some portion of a construction contract and who executes such work in whole or in part with its own construction forces; who has been established in business regularly. *******************************************************************

Action: It was moved (Kunzman), seconded (Day) and carried to approve the above recommended bylaws’ change. Note: Board recommendation of this bylaws’ change will be presented for final approval to the General Contractor Members present at the January 23, 2015 Annual Membership Meeting. Property Update / 10-yr. Capital Budget – Bristow and D’Hondt reviewed the AGC’s 10-year capital budget as well as the building’s tenant stacking plan as of May, 2014. It was noted that AGC has a special building savings account of $200k for emergencies. D’Hondt reported that the marina meters (electronics and software) needs to be replaced and requested Board approval of up to $40k for this expense.

Action: It was moved (Kunzman), seconded (Day), and carried to approve up to $40k to replace the marina meter electronics and software, as proposed. Board Designated AGC Reserve Equity Allocation – Controller Barber recommended approval of the following proposed allocation of the four Reserve Equity Pools:

Special Projects Reserve $100k Operations Reserve $420k Plant & Equipment Reserve $1,780k Unallocated Reserve $200k

The total Board Designated Reserve Equity Pools equal $2.5M.

Action: It was moved (Cressman), seconded (Kunzman), and carried to approve the above recommended AGC Reserve Allocations.

The meeting was adjourned at 12:00 PM, followed by lunch and a tour of the new AGC offices. ______________________________________________________________________ Mark Seaman, Secretary/Treasurer Date

Tab Two

MEMORANDUM

Date: September 8, 2014 To: AGC Board of Trustees From: Stacy Mullane, Member Services Coordinator Re: Membership Report The following candidates have been screened and meet the proper classification requirements: NEW MEMBERS ASSOCIATE Northern District Evergreen Guard Services Mr. Mile Catlett 1777 S Burlington Blvd., Ste. 452, Burlington, WA 98233 Phone: 877.652.8960 Fax: 877.698.3678 Email: [email protected] Specialty: On-site security guard services. Reason for Joining: Networking opportunities. Seattle District Martens + Associates l P.S. Ms. Jane Matthews 705 Fifth Ave. S, Ste. 150, Seattle, WA 98104 Phone: 206.709.2999 Fax: 206.709.2722 Email: [email protected] Specialty: Legal services for the construction industry. Reason for Joining: No reason provided Verizon Networkfleet Mr. Neal Schrepfer 6363 Greenwich Dr., Ste. 200, San Diego, CA 92122 Phone: 866.869.1353 Fax: 858.450.3246 Email: [email protected] Specialty: Networkfleet offers GPS fleet management solutions to help small to medium- sized businesses, enterprises, and government agencies better manage vehicles and assets. A division of Verizon Telematics, a leader in next-generation connected services for the automobile, insurance, and healthcare industries, our solutions provide the accurate, timely data needed to make smart business decisions. Since we began providing innovative telematics solutions in 1999, we’ve earned more than two dozen industry awards. An integral part of Verizon’s Machine to Machine (M2M) initiative to make 30 billion connections by 2020, we strive to create a more connected world where you’re always in touch with what you care about. Whether your fleet is public or private, small, medium, or large, Networkfleet keeps you moving forward. Reason for Joining: Use of AGC conference center and networking.

Southern District Hanes Geo Components Mr. Greg Osendorf 440 E 19th St., Tacoma, WA 98421 Phone: 253.445.8118 Fax: 253.445.8119 Email: [email protected] Specialty: Geosynthetics and erosion control supplier. Reason for Joining: Networking opportunities. MultiCare Centers of Occupational Medicine Mr. Brett Thomas 1901 S Union Ave., Ste. A-310, Tacoma, WA 98405 Phone: 253.459.6541 Fax: 253.459.6708 Email: [email protected] Specialty: Workers comp injury care, and employment exams, drug / alcohol testing and immunizations. Reason for Joining: Networking opportunities. INTRODUCTORY GENERAL CONTRACTOR Southern District Northbank Civil and Marine LLC Mr. Jeff Harper 2119 SE Columbia Way, Ste. 330, Vancouver, WA 98661 Phone: 360.984.3336 Fax: 360.859.4594 Email: [email protected] Specialty: Heavy civil and marine construction - piers/docks, dams, bridges, foundations, fish restoration. Reason for Joining: Retro and safety services. Note: Company did not qualify for Retro. Not enough history.

Stacy Mullane 8/26/2014

2013 2014 2015 2016 2017Associate 217 225GC 172 184Subcontractor 155 171Young Constructor 3 3Total 547 583

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AGC Membership 5 Year Analysis By Type

Prepared by Stacy Mullane 8/26/2014 Page 1

Gain/Loss %Dec-13 January February March April May June July August September* October November December YTD from Dec #'s

Northern DistrictNet Generals 16 16 16 16 15 15 15 15 15 15 -1 93.8%Net Subs 20 20 20 20 20 20 20 21 21 21 1 105.0%Net Assoc 13 13 14 15 13 13 13 14 15 16 3 123.1%Net Young Constructor 0 0 0 0 0 0 0 0 0 0 0 0.0%TOTAL 49 49 50 51 48 48 48 50 51 52 3 106.1%

Southern DistrictNet Generals 53 53 56 56 52 54 55 56 58 59 5 111.3%Net Subs 39 39 42 44 43 44 44 47 47 47 8 120.5%Net Assoc 47 47 51 52 51 53 53 54 54 56 7 119.1%Net Educ 1 1 1 1 0 0 0 0 0 0 -1 0.0%Net Young Constructor 2 2 2 2 1 1 1 2 2 2 0 100.0%TOTAL 142 142 152 155 147 152 153 159 161 164 22 115.5%

Central DistrictNet General 21 21 21 21 21 22 22 22 22 22 1 104.8%Net Subs 22 22 23 23 21 21 21 21 21 21 -1 95.5%Net Assoc 11 11 11 12 9 9 9 9 9 9 -2 81.8%Net Young Constructor 0 0 0 0 0 0 0 0 0 0 0 0.0%TOTAL 54 54 55 56 51 52 52 52 52 52 -2 96.3%

Seattle DistrictNet Generals 82 82 86 88 87 87 87 88 88 88 6 107.3%Net Subs 74 74 78 79 75 77 77 82 82 82 8 110.8%Net Assoc 146 146 152 156 138 140 140 142 142 144 -2 98.6%Net Young Constructor 1 1 1 1 0 1 1 1 1 1 0 100.0%TOTAL 303 303 317 324 300 305 305 313 313 315 12 104.0%

All DistrictsNet Generals 172 172 179 181 175 178 179 181 183 184 12 107.0%Net Subs 155 155 163 166 159 162 162 171 171 171 16 110.3%Net Assoc 217 217 228 235 211 215 215 219 220 225 8 103.7%Net Educ 1 1 1 1 0 0 0 0 0 0 -1 0.0%Net Young Constructor 3 3 3 3 1 2 2 3 3 3 0 100.0%TOTAL 548 548 574 586 546 557 558 574 577 583 35 106.4%

Net RETRO 66 66 66 66 62 62 62 59 61 61 -5 92.4%

TOTAL MEMBERS 614 614 640 652 608 619 620 633 638 644 30 104.9%

* September's numbers are dependant on final approval of the membership report by the AGC Board of Trustees at their meeting in September.

2014 Net Member Comparison Report

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MEMORANDUM

Date: July 14, 2014 To: AGC Officers From: Stacy Mullane, Member Services Coordinator Re: Membership Report (approved by Officer Corps on 7/14/14)

The following candidates have been screened and meet the proper classification requirements: NEW MEMBERS ASSOCIATE Seattle District Finn Madden, Inc. dba Madden Industrial Craftsmen, Inc. Seattle Ms. Beth Madden 1000 SW 34th St., Ste. D, Renton, WA 98057 Phone: 425.291.9190 Fax: 425.291.9210 Email: [email protected] Specialty: Madden Industrial Craftsmen, Inc. is the Northwest's premier provider of industrial staffing services. We match great talent with great companies throughout the Puget Sound, and in the Portland/Vancouver market. Hayre McElroy & Associates, LLC Ms. Kim Miller 2757 – 152nd Ave. NE, Redmond, WA 98052 Phone: 425.869.6750 Fax: 425.869.6761 Email: [email protected] Specialty: Geotechnical engineering, special inspections and materials testing. Southern District Davies Pearson, P.C. Mr. Christopher Marston 920 Fawcett Ave., Tacoma, WA 98402 Phone: 253.620.1500 Fax: 253.572.3052 Email: [email protected] Specialty: Law firm. GENERAL CONTRACTOR Seattle District Pacific Civil & Infrastructure, Inc. Mr. Andrew Albrecht 3450 S 344th Way, Ste. 115, Federal Way, WA 98001 Phone: 253.874.3965 Fax: 253.874.3950 Email: [email protected] Specialty: Heavy civil general contractor. INTRODUCTORY RETRO GENERAL CONTRACTOR Seattle District Swinerton Builders Mr. David Worley 14432 SE Eastgate Way, Ste. 230, Bellevue, WA 98007 Phone: 425.283.5290

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Fax: 425.283.5292 Email: [email protected] Specialty: General contractor. Southern District Ceccanti, Inc. Ms. Donna Motland 4116 Brookdale Rd. E, Tacoma, WA 98446 Phone: 253.537.2990 Fax: 253.537.6943 Email: [email protected] Specialty: Heavy highway and municipal infrastructure. INTRODUCTORY RETRO SUBCONTRACTOR Northern District Plastering Plus Northwest Ms. Kim Filippini P.O. Box 40, Arlington, WA 98223 Phone: 888.733.0401 Fax: 888.884.9127 Email: [email protected] Specialty: EIFS, stucco, air / moisture barriers (liquid or sheet applied), fireproofing, scaffolding, and weather enclosures. Seattle District Garner Electric Washington, LLC Mr. Bill Daniels 22425 – 72nd Ave. S, Kent, WA 98032 Phone: 253.872.6051 Fax: 253.872.1801 Email: [email protected] Specialty: General electrical contractor. Unity Electric Mr. Wayne Warner 20306 – 15th Ave. NE, Shoreline, WA 98155 Phone: 206.575.0837 Fax: 206.575.7770 Email: [email protected] Specialty: Electrical contractor. Wards’ Masonry, Inc. Mr. Jim Ward, Jr. 2102 Gibson Rd., Everett, WA 98204 Phone: 425.742.9069 Fax: 425.290.9913 Email: [email protected] Specialty: Masonry contractor. Southern District Stripe Rite Ms. Terry Mullane

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1813 – 137th Ave. E, Sumner, WA 98390 Phone: 253.863.2987 Fax: 253.863.3120 Email: [email protected] Specialty: Pavement marking, curbing, asphalt seal coat, crack seal, and signs. SUBCONTRACTOR Seattle District Retroseal USA Inc. Mr. Brant Zaretzky 774 Industry Dr., Tukwila, WA 98188 Phone: 206.420.7053 Fax: 206.420.8921 Email: [email protected] Specialty: Concrete restoration and waterproofing. Tastad Construction, INC Ms. Kimberly Clark 1502 Bonneville Ave., Snohomish, WA 98290 Phone: 360.863.6640 Fax: 360.863.2305 Email: [email protected] Specialty: Site work contractor. Southern District Lakewood Counter Tops, Inc. Mr. Rich Whinnery 10513 Lakeview Ave. SW, Lakewood, WA 98499 Phone: 253.588.2169 Fax: 253.588.3790 Email: [email protected] Specialty: Acrylic, stone, engineered stone, laminate countertops, tub surrounds and bath partitions. YOUNG CONSTRUCTOR Southern District Brent Swanson – KQ Construction 760.497.4677 DISQUALIFIED RETRO MEMBERS (RETRO ONLY MEMBERSHIP) Spilker Masonry, Inc. – $200K premium payer. Was to be disqualified last year for non-compliance with KOS/light duty. At that time they had 2 negative years which normally results in being put on notice. They asked for reconsideration, committee made agreement with them, they produced a third negative year this year and are disqualified. Hite Crane & Rigging, Inc. – premium down to $5K last quarter; business sold. New owner not interested in looking at Retro at the moment and premium is too small anyway. Robert B. Goebel General Contractor, Inc. – $4K last quarter and going out of business. DISTRICT CHANGE Subcontractor Kulchin Foundation Drilling Company – Seattle to Southern – moved office to Lakewood MEMBERSHIP CATEGORY CHANGE Seattle District Primecore Contracting LLC – GC to SUB – only doing work as subcontractor REINSTATEMENT Associate

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Materials Testing & Consulting – Northern – not renewing membership was an oversight, their dues are now paid for 2014.

MEMORANDUM

Date: May 19, 2014 To: AGC Officers From: Stacy Mullane, Member Services Coordinator Re: Membership Report (Approved by Officer Corps on May 19, 2014) The following candidates have been screened and meet the proper classification requirements: NEW MEMBERS ASSOCIATE Seattle District Banner Bank Mrs. Tracy Aynes 1222 E Madison St., Ste. A, Seattle, WA 98122 Phone: 206.269.8386 Fax: 206.709.8596 Email: [email protected] Specialty: Headquartered in Walla Walla, Washington we are proud to provide you with a full range of deposit services, business, commercial real estate, construction, residential, agricultural and consumer loans. We operate 85 full service branches and 7 loan offices in 28 counties in Washington, Oregon, and Idaho. Emdeon Mr. Torsten Kablitz 1200 Westlake Ave. N, Ste. 810, Seattle, WA 98109 Phone: 206.602.2600 Fax: 206.602.2600 Email: [email protected] Specialty: Emdeon is a leading provider of revenue and payment cycle management and clinical information exchange solutions, connecting payers, providers and patients in the U.S. healthcare system. Southern District American Institute of Steel Construction Mr. Rex Buchanan 1418 NE 87th Circle, Vancouver, WA 98665 Phone: 312.670.2400 Fax: 312.670.5403 Email: [email protected] Specialty: Structural steel design and construction association. Enginuity Systems, LLC Mr. Jeremy English 732 Broadway, Ste. 102, Tacoma, WA 98012 Phone: 253.292.0357 Fax: 253.292.0358 Email: [email protected] Specialty: Enginuity Systems explores innovative engineering methodologies for mechanical and plumbing design, and to applies them in practical ways to design projects using sustainable design principles and the integrated design process. GENERAL CONTRACTOR Central District Artisan Inc Mr. Josh Sevigny 651 N Keys Rd., Yakima, WA 98901 Phone: 509.452.6465 Fax: 509.452.6714 Email: [email protected] Specialty: General contractor.

Southern District A-Advanced Septic Services, Inc Mr. Joshua Gunia 11603 Canyon Road E, Puyallup, WA 98373 Phone: 253.435.9999 Fax: 253.848.4306 Email: [email protected] Specialty: Septic/Sewer construction. Utility Pipeline Contractors, Inc. Mr. Ross Poe 9011 – 66th Ave. NW, Gig Harbor, WA 98332 Phone: 253.224.7677 Email: [email protected] Specialty: Civil contractor dealing in mass excavation, underground utilities, HDPE pipe fusing, slide rail shoring. INTRODUCTORY RETRO SUBCONTRACTOR Southern District Interior Technology, Inc. Mr. Dan Quatier 9720 SE Hillman Ct., Ste. 805, Wilsonville, OR 97070 Phone: 503.643.9480 Fax: 503.626.3568 Email: [email protected] Specialty: InteriorTech is a building specialty contractor with a focus on interior glazing, operable partitions, acoustics, fire/smoke/egress design, and space division alternatives. We provide design & budget assistance, specifications, design details, installation, and technical support. Serving the Pacific Northwest since 1947 we are dedicated to providing our customers with top of the line products and unbeatable customer service. SUBCONTRACTOR Seattle District Innovative Millwork Solutions Ms. Dedra Sonne 12125 Cyrus Way, Mukilteo, WA 98275 Phone: 425.312.7039 Fax: 425.315.1011 Email: [email protected] Specialty: Finish carpentry. SR Building Services Mr. Ryan Cripe 7710 – 185th Ave. NE, Redmond, WA 98052 Phone: 425.558.7770 Email: [email protected] Specialty: Commercial roofing and waterproofing. YOUNG CONSTRUCTOR Seattle District Cera Davis M. A. Mortenson Company Phone: 206.747.6967

Tab Three

DATE: September 8, 2014

TO: AGC Board of Trustees

FROM: David Kearby, Central District Manager

RE: CENTRAL DISTRICT REPORT Membership:

To date we have added four new members in the Central District: Artisan Construction (GC), TD Excavating (Sub), APEX Plumbing (Sub), and ShirAul (Associate). Primary interests were Retro and Safety followed by Health Plan.

We have also lost four members: Wray Plumbing (Sub) moved out of state, Canam (Sub) purchased by Sunsteel, Solbokken (Associate) moved out of state, and Argus (Associate) acquired by HUB.

Member Events: Golf Tournament – This year’s 17th Annual Central District golf tournament was held on

June 13, and the weather lived up to the Friday the 13th superstition. While the tournament started with rain, the clouds broke midway through for another great year. Numbers were up from last year, as well as hole sponsorships. Once again we were able to provide an outstanding “thank you” to our members and finish the tournament in the black.

BYN - Thanks to the brainstorming from Liz, the Central District also started the Build Your Network meetings in May. We have held BYN events in both Yakima and Wenatchee with turnouts averaging 15 members. The most recent BYN with Port of Seattle Commissioner Bill Bryant also brought out Senators King and Honeyford in attendance. These have been easy to attend and informative networking events for members.

Summer Socials and BBQ - Two Summer Socials were held in Yakima and Wenatchee as well as our regular Safety Forum BBQ.

Education – Several training and informational sessions have been held through spring and summer. We held our first LEAN Certification class, and are working with the Ed Foundation to hold a block of LEAN classes in October.

Government Affairs: We held our first LEARN event with AGC member G.H Moen Construction and Senator

Honeyford at a building project on the campus of Yakima Valley Community College. Several representatives who could not make it have asked that we do another walk-thru in order for them to participate.

The district Government Affairs Committee has met with candidates in state representative races and will meet with both Clint Didier and Dan Newhouse in our candidate interviews for the 4th Congressional race.

I have also attended the Inland NW Chapter’s interviews in Tri-Cities since there is overlap in several races including the 4th Congressional District race.

Upcoming District Events:

September 17 – Scaffolding & Fall Protection September 24 – Build Your Network Wenatchee October 8 – Transportation Symposium October 22 – Build Your Network Yakima October TBD – LEAN Certification Series November 13 – Legislative Lunch & Dinner (Wenatchee & Yakima)

Date: August 26, 2014

To: AGC Board of Trustees

From: Liz Evans, AGC Northern District Manager

Re: September Board Report

Membership –The Northern District has continued to grow over the summer. We brought in a

new law firm, Belcher Swanson; Cowden Sand and Gravel, and Evergreen Guard Services. I

have started marketing in Snohomish and north Seattle, and am pleased to report I successfully

recruited Western Ventures, a GC from Mukilteo. This new member received my introduction

letter, and after a retro analysis and meeting to discuss benefits of membership, they were

ready to join. I have been working very hard on identifying prospective members over the

summer and have added over 100 contractors to my prospect list. I have been consistently

sending out information on our safety and retro programs, as well as extending invitations to

attend upcoming membership events. I have also connected with many of our prospects on

LinkedIn, where I am an active poster on events and news from AGC.

Northern District News ‐ The district launched a new Build Your Network lunch program in lieu

of membership meetings. This is an informal program where we invite a community leader,

industry partner, government representative or industry expert to join us for lunch for casual

conversation over a one‐hour lunch. Some of our guests have included the Port Director, the

Mayor, Cynthia Paul from FMI and our own Government Affairs team. Attendance has varied,

but our guests have always been interesting, and it is a great way to connect AGC to the

community. Our safety forums continue to be extremely well attended. We have two member

companies who will be participating in the AGC Education Foundation Leadership program in

September: Dawson and Exxel Pacific.

Government Advocacy ‐ The district has spent a good deal of time connecting with legislators

over the summer. Frank Imhof (IMCO) and John Huntley (Mills) recently hosted a fundraiser for

BUILD PAC supported Senate Candidate Doug Ericksen (R, 42). Stephanie Wood (Fisher & Sons)

and I took Kris Lytton (D, 40) out to lunch to discuss various issues affecting the contractors in

her district. Chuck Lutrell (Dawson Construction), Brett Ferullo and I met with US Congressman

Rick Larsen to deliver AGC PAC check. We continue to have a great relationship with

Congressman Larsen and his staff in the district.

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Date: September 8, 2014


From: John Parker, UNIMARK Construction, Seattle District Representative to the Board

Re: SEATTLE DISTRICT REPORT

ACTIVITIES AND EVENTS The Seattle District Fall lineup begins with a presentation in September by John Ahlers of Ahlers and Cressman on the recent Supreme Court ruling on Trust Fund Liens on Public Works Projects. The October meeting features Washington State Convention Center Chief Executive Officer, Jeff Blosser, speaking on the $700 million Center Expansion project. November is a busy month with the Federal Agencies presenting their 3-year outlook for construction projects and the AGC/McGraw Hill Annual Economic Forecast for the coming year.

Seattle 2nd Annual City Construction Expo The City is hosting a Construction Expo on Thursday, October 23, 2014 from 9 am to noon at the Bertha Knight Landes Room, 2nd floor, City Hall, 600 Fourth Ave, Seattle. Future capital projects scopes, budgets and schedules will be presented. This networking event will focus on creating construction teams for these upcoming projects. The City will also have workshops on construction topics such as "preparing your construction bid."

ADVOCACY Seattle Advances Priority Hire Policy In August, the City staff presented the Council its 8-month study on creating a Priority Hire Policy wherein a percent of all city public works jobs would be targeted for disadvantaged workers located primarily within the City. The report recommended an Ordinance Creating a Priority Hire Requirement on all Projects at or above $5,000,000. To implement the requirement, the City would mandate a Project Labor Agreement on projects at or above $5 million.

Staff will present a draft ordinance to the Council in September for Committee review. Action is anticipated by the end of the year. AGC members participated in the study and supported the creation of a Priority Hire Ordinance but strongly opposed its implementation through a PLA.

Contractor Evaluations Both the City of Seattle and Sound Transit are implementing new contractor evaluation processes and forms to serve in part as references in evaluating bid proposals. With AGC input, the City of Seattle has adopted a process wherein the contractor and the City set expectations and then evaluate achievement by both at the middle and the end of the project. On the other hand Sound Transit has implemented a very specific and detailed process/form and limited AGC recommendations to clarifying comments only.

DSA supports preserving Seattle transit service The Downtown Seattle Association has joined labor, business, environmental, human service and civic leaders to create the YES for Seattle Transit campaign in favor of the Seattle Transportation Benefit District Proposition 1, which will appear on the general-election ballot in November. The funding plan for the measure is based on a .1 percent sales-tax increase and an annual $60 vehicle license fee. AGC's Seattle district has not taken any position on this issue and leaves it up to individual companies to decide whether to support the issue or not.

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INDUSTRY NEWS Washington State Long-Range Transportation Plan The Washington Transportation Commission has released the draft long-range Washington Transportation Plan 2035 for public comment and review. Comments are requested by September 25, 2014.

SeaTac Airport Plans 1 Billion in Projects Seattle Tacoma International Airport will soon begin nearly 1 Billion in new construction and renovation projects that will last through the end of the decade. Work includes a new International arrival facility, terminal improvements and more.

MEMBERSHIP Since the April Board meeting, the Seattle District has requested Board approval for 16 new members; 2 General Contractors, 7 Subcontractors, 6 Associates and 1 Young Constructor member.

Date: September 8, 2014


From: Tim Attebery, Southern District Manager

Re: Southern District Report

The Southern District has added new members over the last couple months. We welcome Ceccanti

Inc., Stripe Rite, Davies Pearson, Lakewood Countertops and HHJ Inc.

With expectations sky‐high for the Seahawks, the Southern District will bring members Tacoma News

Tribune Sports Reporter John McGrath to talk football at our September Dinner Meeting. John will

also cover prospects for the Huskies, Cougs, Ducks and Beavers in 2014. John always does a great job

of providing an insider’s view of the sports world.

The Army Corps of Engineers recently asked for AGC input on a government‐mandated project‐labor

agreement (PLA) for a large hangar project at Joint Base Lewis‐McChord (JBLM). The Army Corps and

other government entities are considering PLAs with increased frequency. With extensive AGC input

on the table, the PLA for the upcoming large hangar project at JBLM was laid aside.

AGC continues to work on Tacoma's paid sick leave issue with other coalition partners in the business

community. To date, no ordinance has been adopted by the Tacoma City Council. AGC has weighed

in heavily in opposition to this new regulation. The proposal implies that employers are not looking

out for their employees and that there must be a government mandate for them to do so. The

proposal is not just for businesses within the City of Tacoma; any business whose employees spend

time in Tacoma must keep costly hourly records of that time and pay the mandate once the threshold

is met.

The Washington State Department of Enterprise Services has placed an unneeded government‐

mandated project labor agreement (PLA) on a project at Bates College in Pierce County. As stated

above, AGC has opposed these types of government‐mandated PLAs for several reasons. Throughout

the course of the Bates PLA, AGC has provided input in various forms and will continue to oppose the

proliferation of problematic PLAs.

The 69th Annual AGC Southern District/Ashbaugh Beal Field Day and Golf Invitational went well in

July. Golfers and sponsors enjoyed themselves at Gold Mountain Golf Course yet again this year.

The AGC continues oversight of Pierce County with regular meetings with Executive McCarthy and

her department heads. The AGC also works with the City of Tacoma regularly on permitting and

apprenticeship issues.

Tab Four

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Date: August 26, 2014


From: Lauren Gubbe, Director of the Retro Program

Re: AGC Group Retro Program Annual Report

Committee: Van Hardy, Honorary AGC member (chair); Gary Bennett, Ferguson Construction, Inc.; Stephen Seger,

Foushée and Associates, Inc.; Len Zarelli, Merit Construction Northwest; Valerie Whitman, Max J. Kuney Company;

Mark Seaman, Abbott Construction; and Tracy Miller, Drywall Specialties, Inc.

2014 Highlights

Our total AGC Group Retro Refunds to date hit a whopping $178 Million!

Our group premium to loss performance exceeded our competition! So while one group took a higher percentage

refund, it was only because they were risking twice as much in potential premium penalty. This year, over half of

our members are earning net LNI premium refunds between 50%‐54%!

Our staff saved a record breaking $5.5 million since November before the adjustments! We crowned Brandy

Jones‐Smith winner of the internal staff competition! These efforts not only increase refunds, but help reduce

member EMR’s (experience modification rates)!

We also added over a quarter million more in refunds due to favorable LNI rulings on our protests to the

adjustments from last year. These monies were distributed with the refunds this year.

100% of eligible participating firms (several firms on notice last year were disqualified) re‐enrolled.

Retro continues to be an effective AGC membership recruitment tool as we helped bring on board 18 new

AGCWA members from competing Retro groups and associations. We also added a couple of existing AGC

members to the Retro program.

We exceeded our financial contribution to AGC; but continue to be conservative since the overall refund split

among all firms in Retro changes each year by factors outside of our direct control.

Lauren Gubbe continues to serve on the LNI Retro Advisory Committee and communications workgroup.

LNI recently invited Lauren to serve on the hiring panel for a new Financial Incentive Coordinator.

Based on our longstanding request to have Retro and experience rate education to new and existing LNI claim

managers, LNI invited Lauren to be part of several educational LNI videos. The videos are being used both for

internal LNI staff training and for the marketing of the Retro program to employers.

Retro Safety Team® member EMR’s continue to be at least 20% better than average due to the focus on safety,

light duty, and our claims assistance. Our EMR workshops continue to attract large attendance and we will again

open these up for all AGC members.

We continue to provide Modified Duty Centers in Marysville, Seattle, Fife, Yakima and Spokane. Activities in the

centers consist of a two week study of the core construction safety rules, CPR/First Aid certification, OSHA 10

Hour, Flagger certification, GED testing and CDL study testing, etc. There are also some competent persons’

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certifications available. We also offer two vocational retraining one year plans that can be started early for viable

candidates.

Lauren also continues to serve on AGC’s Workers Compensation legislative team, as well as the Business Coalition

for Workers Compensation. She has helped write and has testified on several workers compensation bills over

the years in an effort to help improve the system.

We are continuing to see our members go above and beyond our 66 days of light duty requirement. Most

members are taking full advantage of the LNI Stay at Work program reimbursement of ½ the light duty wages for

up to 66 days. Our goal is for all members to take advantage of the LNI partial reimbursement for light duty

wages.

All in all, we had a fabulous year! We had the largest ever combined refund check. We were up on our

membership from last year, and had some wonderful opportunities from LNI to participate in hiring and in

training of LNI staff regarding Retro and experience rating.

We enjoy working for the wonderful members in the AGC Retro plan and appreciate their commitment to safety

and light duty accommodation. It is such a privilege to represent contractors committed to “Skill, Integrity, and

Responsibility,” who are passionate about safety and who make such a positive difference in so many peoples’

lives! We also feel fortunate to work alongside such wonderful fellow AGC employees who ALL are so respected

in their various fields. We want to give a special “Shout out” to our safety staff as we continue to hear positive

feedback from members and from people at the Department concerning their efforts in the safety arena.

DATE: August 14, 2014 TO: AGC Board of Trustees FROM: Doug Peterson, Director of Labor Relations RE: Labor Committee Report to the Board of Trustees 2015 Negotiations The current contracts with the five basic crafts are in the second year of a three contract. In 2015 we will be negotiating with all five unions. In preparation for the negotiations, we have reviewed the negotiating teams and will bring in new members and leadership as needed. During the remainder of this year and the early part of 2015, we will be holding non-negotiating labor-management meetings with the unions. The purpose of the meetings is to identify potential issues and introduce new members of our team to the Union leadership. Following are the Committee Chairs for the 2015 negotiations:

Carpenters Wilf Wainhouse, Sellen Construction Cement Masons Philo Hall, Lease Crutcher Lewis Laborers Dave Ratzke, Sellen Construction Brandon Dully, Guy F. Atkinson Construction Operating Engineers Mike Tucci, Tucci & Sons Brett Ferullo, Northwest Construction Teamsters Mike Lee, Lakeside Industries Tim Tucci, Tucci & Sons Mike Tucci of Tucci and Sons will again chair the Labor Committee. This Committee is made up of the chairs of the five individual committees and several at-large contractor members. The Labor Committee sets the goals and strategy for negotiations. Pension Trusts Generally speaking, all five pension plans are in good shape. They remain in the “green zone” (the highest level of funding as defined by the Pension Protection Act of 2006). However, all five pension plans continue to have significant unfunded vested liability (withdrawal liability). This is the liability each participating employer would face, should it decide to withdraw from the plan and continue to do business as a non-union contractor. Below is some of the most recent data related to the pension plans.

Carpenters

Cement Masons

Laborers Operating Engineers

Teamsters WCTPTF

PPA Funding Zone Green Green Green Green Green

Unfunded Vested Liability

Yes $122.8 M

Yes $3.7 M

Yes $65. M

Yes $681 M

Yes $3.5 B

PPA Funding Ratio 85% 93% 97% 89% 93.4%% Contribution Rate $5.50 $6.97 $3.70 $8.40 $7.15

Health Trusts Below is some of the most recent data related to the health plans.

Carpenters

Cement Masons

Laborers EA & WW

Operating Engineers

Teamsters

Contribution Rate

$7.41 $7.08 $6.00 $7.55WA $9.04 (WWA)

Unallocated reserves

9.1 months $60.6 million



16 months $140 million


The goal is to have between 9 and 12 months of reserves. Training Trusts The training programs are anticipating increased demand for apprentices in the coming years. To meet this demand, programs are expanding and some are deficit spending, with the belief that increased hours will bring needed revenues to the program.

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Date: September 18th, 2014


From: Gary Smith, Property Committee Chair

Re: Property Committee Report

As we approach the close of summer and the third quarter of this year, I can describe both of them in one word,

“great.” It has been a wonderful summer weather‐wise and a very positive year, to date, for the property.

The South Lake Union neighborhood continues to grow in terms of new development ranging from commercial

offices to residential apartments and almost everything else in between. This growth has created a heightened

state of awareness by the AGC Property Committee as we evaluate what the potential impacts will be to our

property. Two areas of particular interest are parking and increased traffic (cars, pedestrians, bicyclists). And with

this growth come the developers with a myriad of ideas as to how AGC can make a fortune by development of our

parking lot. To date, there still hasn’t been anything proposed that would be permitted that would be worth the

risk; however, the Property Committee is in discussion with a group who is exploring the possibility of building a

seaplane museum to the south of our property (see additional details under Seattle Seaplane Museum).

FINANCIALS

Year‐to‐date financials for the building, marina and Fife property remain positive with revenues exceeding

estimates, expenses at or below budget and year‐end projections looking positive. The recent establishment of a

savings account that is to be used for unforeseen equipment breakdowns and or emergencies will be increased

this year to $400,000.

One of the surprising contributors this year to the revenue picture has been parking with numbers exceeding

expectations due in large part to the reduction of labor hours as a result of automating some of the parking lot

activities. Ralph Olsen, parking lot manager, through his initiative and creativity has been outstanding finding new

sources of parking revenue.

BUILDING / MARINA LEASING

The AGC Building is 97% leased, and the 5,457 square feet of vacant space is receiving a great deal of interest

based on the number of visitations by prospective tenants. South Lake Union continues to be a big draw because

of its proximity to the Gates Foundation, Amazon and the medical community. The AGC is positioned nicely for

prospective tenants seeking a South Lake Union address and interested in smaller spaces. The marina is close to

100% occupancy with a growing waiting list for moorage.

AGC OFFICE RELOCATION

An historic event took place earlier this year when the chapter offices moved down the hall after 43 years in the

same location. This came about as a result of a prospective tenant who was touring vacant space on the same

floor asked if the AGC would consider moving if the offer was right. In the end a ten‐year lease with a ten‐year

option was too good to pass up. Rent expectations by the end of the first‐term will be approximately $800,000.

The move by AGC took place in June of this year.

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AGC BUILDING RESTROOM IMPROVEMENTS

As reported in earlier reports to the Board, improvements to two more floors of restrooms were to be

accomplished in 2014, which now have been completed. In that there were funds remaining in this particular

budget line item, the decision was made to do one more floor this fall leaving just two floors to do.

REPLACEMENT OF MARINA DECKING

This project was completed in its entirety this year which resulted in giving the marina a first‐class appearance as

well as eliminating potential tripping hazards. Several smaller projects will also be taking place this year, which

include the installation of electric metering equipment to replace units that are failing and the possible

replacement of marina slip numbers and other miscellaneous signage subject to availability of funds in the fourth

quarter.

AGC BUILDING PILING MAINTENANCE PROJECT

This project involved the underwater cleaning and wrapping of some 200‐plus building pilings with the objective

of reducing future corrosion. The work was completed quickly and safely with no inconvenience to building

tenants or visitors. Contractor who did the work was AGC member Associated Underwater Services (AUS). Savings

on this project provided enough funds to cover the expenses of the AGC office relocation.

SEATTLE SEAPLANE MUSEUM

Representatives of the AGC were approached earlier this year by a group who are investigating the feasibility of

constructing a seaplane museum on Lake Union, which would adjoin the AGC property to the south. They were

inquiring as to whether the AGC would have any interest in being a participant in this project. The Property

Committee after review of the scope of the project and the individuals involved approved going ahead with

exploratory discussions.

A number of well‐known individuals and corporations in the Seattle community are involved with this project

including the Museum of Flight, who would oversee the operation of the Seattle Seaplane Museum.

AGC has been asked to consider giving their approval to letting the Museum develop a portion of the south lot for

miscellaneous support facilities in conjunction with this project. This approval would be subject to AGC’s

participation in the project. One of the advantages of participation is that all the property owners who would be

involved in this project, i.e. Kenmore Air, Vulcan and AGC can combine their view corridor contributions which

would allow for additional parking deck construction on AGC property that wouldn’t require a variance. Additional

parking will be vital to the success of the museum project. It is highly unlikely that AGC could add additional

parking on its own unless it was involved in this effort in some way.

AGC representatives will continue to meet with museum planners and report to the Property Committee at their

meeting on September 18. Committee may be asked for a determination as to whether or not participation in

future discussions should continue.

As has been stated so many times in the past, AGC is blessed by having the asset we do. Much of this success is

due in large part to the planners of the past, the custodianship that has been in place over the years and

developments currently taking place in South Lake Union. All of this has given our Association the resources to

become the premier organization that it is today. Having been given the opportunity to be part of this legacy as

Property Committee chairman has been very rewarding. I’m confident that those charged with the responsibility

for the care of this asset going forward will be as committed as those who had this responsibility in the past.

Tab Five

Page 1 of 2

For Internal Use Only

AGC 2014 July Financial Notes Net Operating Income – see Consolidated Statement of Operations (tab 6) As of July 31, 2014 the Net Operating Income (NOI) equals $1.396 million vs. a year-to-date budget NOI of $823K creating a favorable year-to-date budget variance of $573K. The year-to-date positive revenue variance of $499K combined with the positive expense variance of $74K produces the total favorable year-to-date budget variance of $573K. Income Variance The year-to-date positive revenue variance of $499K (see Consolidated Statement of Operations – YTD Variance column) is primarily from above budget revenue in Retro Sponsorship, Membership Dues, Building Rent and all other revenue categories except Program and Event revenue. Expense Variance The year-to-date positive expense variance of $74K is primarily comprised of under budget expenses in most expense categories except Insurance / Tax expense. Accounts Receivable

Building Marina AR Parking AGCEF Other AR Total

June 11,472 (397) 32,626 26,301 129,900 199,902

July 2,908 (6,830) 29,106 33,630 48,903 107,716 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.).

AGC Financial Notes - Continued

Page 2 of 2

For Internal Use Only

Statement of Financial Position (Balance Sheet) The operating cash and cash equivalent balance for the month ending July 31, 2014 was $2.33 million in low risk and highly liquid investments with a maturity date of three months or less.

As of July 31, 2014, the investment portfolio market value was $2.220 million which consisted of $269K in short term investments, $1.196 million in equities and $755K in securities. AGC Actual / Forecast --- see 12 Month Actual / Forecast to Budget As of July 31, 2014, AGC’s 2014 annual forecast net operating income equals $561K versus an annual budget net operating income of $15K. AGC Building: Occupancy rate is 94% as of July 31, 2014.

For Internal Use Only July-14

2014 2014Total Total

Actual / Forecast Budget VarianceRetro Plan Income 2,003,721 1,713,000 290,721Retro Exp Gross (1,491,451) (1,488,000) (3,451)

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

REVENUESMembership Dues 1,781,793 1,675,000 106,793Program Revenue / Grant Revenue 147,712 167,025 (19,313)Event Revenue 270,849 246,525 24,324Building / Retail Rent (Seattle, Marina, Fife) 2,688,848 2,691,435 (2,587)Other Rent Revenue (Parking, Moorage) 936,179 886,010 50,169Other Revenue / CAM 71,457 35,646 35,811Misc Income 15,784 16,630 (846)Gain/Loss on Disposal of Asset 0 0 0

Operating Revenue 5,912,622 5,718,271 194,351

TOTAL REVENUE 6,424,892 5,943,271 481,621

EXPENSESSalaries 2,198,086 2,207,363 9,277Payroll Burden Taxes & Benefits 626,644 640,455 13,811Auto Expense / Corporate Travel 31,973 35,213 3,240Miscellaneous Meetings 75,133 93,520 18,387Consultant Fees 58,837 53,799 (5,039)Office Expense 75,221 76,225 1,004Membership Dues/Donations 157,368 159,933 2,566Rent 68,402 80,200 11,798Technology Expense 65,017 72,200 7,183Phone Exp. 33,648 34,260 612Program / Grant Expense 81,257 92,977 11,720Membership Promotion 149,269 184,652 35,383Event Exp 280,578 257,353 (23,225)Insurance / Tax / Training 72,772 61,353 (11,420)Building / Marina Expense 1,221,241 1,210,686 (10,555)Leasing Comm. Amortization 60,000 60,000 0Depreciation 608,354 608,355 1

TOTAL EXPENSES 5,863,801 5,928,542 64,741

OPERATING INCOME (LOSS) 561,091 14,729 546,362

NET OPERATING INCOME (LOSS) - FORECAST VS. BUDGET 561,091 14,729 546,362

Non-Operating Investment Income (Loss) 31,056 13,000 18,056

NET INCOME (LOSS) 592,147 27,729 564,418

Gain/Loss on Disposal of Asset 0 0 0

TOTAL INCOME 592,147 27,729 564,418

Working CapitalNet Operating Income 561,091 14,729 546,362Amortization 60,000 60,000 0Depreciation 608,354 608,355 (1)

Available Cash (Working Capital) 1,229,446 683,084 546,362

Less:

Debt Service - Principle 75,677 76,000 323Capital Expenditures - Association 176,419 115,000 (61,419)Capital Expenditures - Seattle Building 752,997 741,000 (11,997)Capital Expenditures - Marina 102,512 90,000 (12,512)Tenant Improvements - Building 199,949 155,000 (44,949)Lease Commissions 102,993 35,000 (67,993)

Total Deductions 1,410,547 1,212,000 (198,547)

Cash (Working Capital) Variance Favorable (Unfavorable) (181,102) (528,916) 347,814

AGC of Washington2014 Cash Activity Forecast

Associated General Contractors of Washington

Statement of Financial PositionFor the Period Ending 07/31/2014

Jul Dec

Unaudited Audited

ASSETS

Current Assets

Cash 2,330,353 2,516,975

Short-Term Investments 268,781 81,991

Accounts Receivable 107,716 99,047

Prepaid Expenses 136,215 152,425

Total Current Assets 2,843,065 2,850,438

Group Retrospective Rating Plan Assets 18,511,011 16,189,775

Prepaid Lease Commissions 81,125 52,864

Long Term Investments 1,951,376 2,111,608

Property and Equipment

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

Buildings 13,040,969 12,588,366

Leasehold Improvements 1,430,881 1,379,853

Furniture and Equipment 959,852 888,757

Automobiles 46,473 46,556

Marina 1,529,829 1,434,317

Total Property Plant and Equipment 19,384,141 18,713,987

Less: Accumulated Depreciation (10,759,907) (10,405,034)

Net Property Plant and Equipment 8,624,234 8,308,953

TOTAL ASSETS 32,010,811 29,513,638

LIABILITIES & NET ASSETS

Current Liabilities

Accounts Payable 132,586 433,976

Accrued Expenses 83,938 84,463

Deferred Income 3,750 923,433

Current Portion - LT Debt 80,728 80,728

301,002 1,522,600

Group Retrospective Rating Plan Liability 18,511,011 16,189,775

Long Term Debt, Less Current Portion 413,369 470,073

Tenant Deposits 196,022 164,810

Total Liabilities 19,421,405 18,347,259

Net Assets

Unrestricted 10,489,406 9,066,379

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

TOTAL UNRESTRICTED NET ASSETS 12,589,406 11,166,379

TOTAL LIABILITIES AND NET ASSETS 32,010,811 29,513,638

- -

[INTERNAL REPORT]

Unaudited

Changes in Net Assets 1,423,027

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

Depreciation 354,874

(Gain) Loss on Disposal of Property -

(Gain) Loss on Sales of Investments (131,976)

(Gain) Loss on Investments @ Market 97,054

(Increase) / Decrease in accounts:

Accounts Receivable (8,669)

Prepaid Expenses and Other Assets (12,051)

Increase / (Decrease) in accounts:

Accounts Payable (301,389)

Accrued Expenses (525)

Tenant Deposits 31,212

Deferred Income (919,683)

Net Cash Provided / Used) by Operating Activities 531,871

Cash Flow From Investing Activities:

Purchase of Long Term Investment 195,155

Leasehold Improvements - Seattle Bldg (51,028)

Capital Improvements on Seattle Bldg (452,603)

Capital Improvements on Marina (95,512)

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

Net Cash Provided / (Used) by Investing Activities (475,000)

Cash Flow from Financing Activities:

Current Long Term Debt (10,000)

Long Term Debt / Loan Payments (46,704)

Net Cash Provided / (Used) by Financing Activities (56,704)

Net Increase (Decrease) in Cash 167

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 2,330,353

Cash Equivalents, End of Period 268,781

Total Cash and Cash Equivalents, End of Period 2,599,134

-


Cash Flow Statement

For the 07 Month(s) ending 07/31/2014

Associated General Contractors of Washington (INTERNAL REPORT)

7/31/2014

Schedule of Reserve Funds Balance

Operations 3000-10-901 410,000

Plant & Equipment 3000-10-902 1,590,000

Special Projects 3000-10-903 100,000

2,100,000

Seattle Building Savings Account 200,095

2014 Balance

Special Projects from Reserves 7/31/2014 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) 7/31/2014 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 51,028 125,000 73,972

SEA Bldg - Capital Improvements 1551-50-000 452,603 690,000 237,397

SEA Bldg - Lease Commissions 1402-50-050 28,261 35,000 6,739

Seattle Marina 1575-75-000 95,512 90,000 (5,512)

698,416 1,136,000 437,584

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 6950-12-000 153 154 0

Southern District Office 6950-14-000 802 802 (0)

Technology 6950-17-000 11,502 11,502 -

Administration 6950-18-000 5,928 5,929 0

Accounting 6950-19-000 917 917 (0)

State Government 6950-30-000 9,136 9,135 (0)

Labor Relations 6950-34-000 225 225 0

Membership 6950-36-000 370 370 0

Safety 6950-42-000 5,298 5,298 (0)

Central District 6950-48-000 239 239 0

Seattle Building 6950-50-000 275,293 275,293 (0)

Seattle Marina 6950-75-000 29,033 29,033 0

Fife Building 6950-85-000 15,977 15,977 0

354,874 354,874 0

YTD 2014 Balance

Board Contingency Expenses: 5120-13-054 7/31/2014 Approved Remaining

Board Board

Budget Contingency Contingency

Washington State University Grant 10,000

Westlake Cycle Track Consultant 9,493

20,000 19,493 507

7/31/2014

YTD

ACTUAL BUDGET VAR ACTUAL BUDGET VAR ACTUAL BUDGET VAR

I. Building & Properties:

a) Seattle Building 1,784,884 1,691,432 93,452 978,304 1,000,432 (22,128) 806,580 691,000 115,580

b) Seattle Marina 405,595 397,775 7,820 283,860 282,644 1,216 121,735 115,131 6,604

c) Fife Building 20,454 20,554 (100) 59,712 61,675 (1,963) (39,258) (41,121) 1,863

Total Building & Properties 2,210,932 2,109,761 101,171 1,321,875 1,344,751 (22,875) 889,057 765,010 124,047

II. Association: 1. Financial Assets 0 0 0 0 0 0 0 0 0

2. Admin. & Management

a) Board of Trustees 0 0 0 44,455 40,030 4,425 (44,455) (40,030) (4,425) b) Technology 0 0 0 64,458 75,921 (11,463) (64,458) (75,921) 11,463 c) Administration 24,672 24,220 452 201,392 194,143 7,249 (176,720) (169,923) (6,797) d) Accounting 8,400 8,400 0 157,774 151,956 5,818 (149,374) (143,556) (5,818)

33,072 32,620 452 468,079 462,049 6,030 (435,007) (429,429) (5,578)

3. Member Services

a) Communications 0 4,081 (4,081) 130,193 132,610 (2,417) (130,193) (128,529) (1,664) b) Meetings & Events 0 0 0 27,930 33,862 (5,932) (27,930) (33,862) 5,932 c) Special Events 121,165 123,800 (2,635) 156,441 155,131 1,309 (35,276) (31,331) (3,944) d) Member Service 1,787,342 1,681,000 106,342 98,771 102,362 (3,591) 1,688,571 1,578,638 109,933

e) Future Leadership Forum 9,360 2,500 6,860 24,478 18,777 5,701 (15,118) (16,277) 1,159

1,917,867 1,811,381 106,486 437,812 442,742 (4,930) 1,480,055 1,368,639 111,415

4. Education & Training Service

a) Workforce Development 0 0 0 112,977 108,133 4,844 (112,977) (108,133) (4,844)

b) Safety 59,035 55,175 3,860 253,177 259,562 (6,386) (194,142) (204,387) 10,245

c) Group Retro 1,410,721 1,093,000 317,721 898,451 868,000 30,451 512,270 225,000 287,270

1,469,756 1,148,175 321,581 1,264,605 1,235,695 28,910 205,151 (87,520) 292,671

5. Government Relations

a) Government Affairs Council 17,500 24,500 (7,000) 287,199 320,788 (33,589) (269,699) (296,288) 26,589

b) Build-Pac 0 0 0 25,611 25,252 360 (25,611) (25,252) (360)

c) Public Works Committee 0 0 0 0 0 0 0 0 0 d) AGC - Federal Facilities 0 0 0 1,560 1,826 (266) (1,560) (1,826) 266

17,500 24,500 (7,000) 314,370 347,866 (33,496) (296,870) (323,366) 26,496

6. Industry Relations

a) Diversity 0 0 0 0 0 0 0 0 0

b) Legal Affairs 0 0 0 0 0 0 0 0 0

c) Labor 128 0 128 120,906 121,400 (494) (120,778) (121,400) 622

d) Open Shop 0 0 0 10,062 10,649 (588) (10,062) (10,649) 588

128 0 128 130,968 132,050 (1,082) (130,840) (132,050) 1,210

7. Districts

a) Seattle District 61,492 57,300 4,192 136,203 148,073 (11,870) (74,711) (90,773) 16,062

b) Southern District 52,918 50,450 2,468 160,061 159,747 314 (107,143) (109,297) 2,153

c) Northern District 0 0 0 64,595 65,322 (727) (64,595) (65,322) 727

d) Central WA District 17,310 16,800 510 85,937 89,473 (3,536) (68,627) (72,673) 4,046

131,720 124,550 7,170 446,796 462,614 (15,818) (315,076) (338,064) 22,988

Total Association 3,570,043 3,141,226 428,817 3,062,630 3,083,016 (20,385) 507,413 58,210 449,202

Total of Assoc. & Prop 5,780,975 5,250,987 529,988 4,384,505 4,427,766 (43,261) 1,396,470 823,221 573,249

Non-Operating Income (Loss) 34,922 14,000 20,922 8,365 5,500 2,865 26,557 8,500 18,057

Grand Total 5,815,897 5,264,987 550,910 4,392,870 4,433,266 (40,396) 1,423,027 831,721 591,306


Unaudited Statement of Activities by Cost Center


REVENUE EXPENSES REVENUE OVER EXPENSES

MTD

ACTUAL BUDGET VAR ACTUAL BUDGET VAR ACTUAL BUDGET VAR

I. Building & Properties:

a) Seattle Building 249,713 248,631 1,082 110,989 128,009 (17,020) 138,724 120,622 18,102

b) Seattle Marina 58,561 56,825 1,736 33,997 52,107 (18,109) 24,564 4,718 19,845

c) Fife Building 1,170 1,270 (100) 3,783 4,936 (1,153) (2,613) (3,666) 1,053

Total Building & Properties 309,444 306,726 2,718 148,769 185,052 (36,283) 160,675 121,674 39,001

II. Association: 1. Financial Assets 0 0 0 0 0 0 0 0 0

2. Admin. & Management

a) Board of Trustees 0 0 0 13,570 2,748 10,822 (13,570) (2,748) (10,822) b) Technology 0 0 0 7,898 8,962 (1,064) (7,898) (8,962) 1,064 c) Administration 800 100 700 39,160 25,395 13,765 (38,360) (25,295) (13,065) d) Accounting 0 0 0 18,594 18,437 157 (18,594) (18,437) (157)

800 100 700 79,222 55,543 23,679 (78,422) (55,443) (22,979)

3. Member Services

a) Communications 0 583 (583) 17,023 16,235 788 (17,023) (15,652) (1,371) b) Meetings & Events 0 0 0 2,754 1,666 1,088 (2,754) (1,666) (1,088) c) Special Events 0 0 0 11,313 2,763 8,550 (11,313) (2,763) (8,550) d) Member Service 7,589 0 7,589 13,311 13,638 (327) (5,722) (13,638) 7,916

e) Future Leadership Forum 1,260 0 1,260 2,119 2,507 (389) (859) (2,507) 1,649

8,849 583 8,266 46,520 36,809 9,711 (37,671) (36,226) (1,445)

4. Education & Training Service

a) Workforce Development 0 0 0 17,778 15,970 1,808 (17,778) (15,970) (1,808) b) Safety 7,274 4,925 2,349 31,374 42,050 (10,676) (24,100) (37,125) 13,025

c) Group Retro 219,499 124,000 95,499 219,499 124,000 95,499 0 0 0

226,773 128,925 97,848 268,650 182,020 86,630 (41,877) (53,095) 11,217

5. Government Relations

a) Government Affairs Council 17,500 0 17,500 37,481 40,840 (3,359) (19,981) (40,840) 20,859

b) Build-Pac 0 0 0 3,337 3,072 266 (3,337) (3,072) (266)

c) Public Works Committee 0 0 0 0 0 0 0 0 0

d) AGC - Federal Facilities 0 0 0 217 468 (251) (217) (468) 251

17,500 0 17,500 41,035 44,380 (3,345) (23,535) (44,380) 20,845

6. Industry Relations

a) Diversity 0 0 0 0 0 0 0 0 0

b) Legal Affairs 0 0 0 0 0 0 0 0 0

c) Labor 32 0 32 18,025 16,753 1,272 (17,993) (16,753) (1,240)

d) Open Shop 0 0 0 1,492 1,426 66 (1,492) (1,426) (66)

32 0 32 19,517 18,179 1,338 (19,485) (18,179) (1,306)

7. Districts

a) Seattle District (1,000) (8,900) 7,900 12,292 12,341 (49) (13,292) (21,241) 7,949

b) Southern District 26,160 22,100 4,060 42,942 33,597 9,344 (16,782) (11,497) (5,284)

c) Northern District 0 0 0 8,887 8,546 342 (8,887) (8,546) (342)

d) Central WA District 0 1,500 (1,500) 10,122 9,780 342 (10,122) (8,280) (1,842)

25,160 14,700 10,460 74,243 64,263 9,980 (49,083) (49,563) 480

Total Association 279,114 144,308 134,806 529,186 401,193 127,993 (250,073) (256,885) 6,813

Total of Assoc. & Prop 588,558 451,034 137,524 677,956 586,246 91,710 (89,398) (135,212) 45,814

Non-Operating Income (Loss) (37,201) 2,000 (39,201) 2,830 0 2,830 (40,031) 2,000 (42,031)

Grand Total 551,356 453,034 98,322 680,786 586,246 94,540 (129,429) (133,212) 3,782


Unaudited Statement of Activities by Cost Center

For the Month ending 07/31/2014

REVENUE EXPENSES REVENUE OVER EXPENSE

JUL JUL YTD YTD YTD Annual Budget

ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining

Retro Plan Income 219,499 124,000 1,410,721 1,093,000 317,721 1,713,000 302,279

Retro Exp Gross (219,499) (124,000) (898,451) (868,000) (30,451) (1,488,000) (589,549)

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

Membership Dues 7,589 0 1,781,794 1,675,000 106,794 1,675,000 (106,794)

Program / Grant Revenue 25,416 5,558 91,442 110,756 (19,314) 167,025 75,583

Event Revenue 26,535 14,600 271,219 246,475 24,744 246,525 (24,694)

Building / Retail Rent 218,999 223,906 1,597,848 1,570,755 27,093 2,691,435 1,093,587

Other Rent Revenue 83,805 79,970 567,780 517,610 50,170 886,010 318,230

Other Revenue / CAM 6,615 2,850 45,129 21,396 23,733 35,646 (9,483)

Misc Income 100 150 15,042 15,995 (953) 16,630 1,588

Total Revenue 369,059 327,034 4,882,524 4,382,987 499,537 5,943,271 1,060,747

Salaries 171,722 172,901 1,264,743 1,279,497 (14,754) 2,207,363 942,619

Payroll Burden Taxes and Benefits 51,656 53,371 366,643 373,599 (6,956) 640,455 273,812

Auto Expense / Corporate Travel 4,648 2,589 17,518 19,854 (2,336) 35,213 17,695

Miscellaneous Meetings 4,606 3,392 37,474 55,293 (17,819) 93,520 56,046

Consultant Fees 5,416 1,538 36,471 37,021 (550) 53,799 17,328

Office Expense 5,168 5,515 45,273 42,033 3,240 76,225 30,952

Membership Dues/Donations 16,605 11,274 91,505 89,527 1,979 159,933 68,428

Rent 5,784 6,685 39,482 46,780 (7,298) 80,200 40,718

Technology Expense 4,198 5,325 37,942 50,985 (13,043) 72,200 34,258

Phone Expense 2,270 3,030 19,373 20,055 (682) 34,260 14,887

Program/Grant Expense 12,100 3,725 58,189 63,022 (4,833) 92,977 34,788

Membership Promotion 3,362 5,617 81,408 87,169 (5,761) 184,650 103,242

Event Expense 34,352 27,950 237,686 233,218 4,468 257,353 19,667

Insurance/Tax/Training 17,269 3,025 57,434 43,628 13,806 61,353 3,919

Building / Marina Expense 63,603 100,613 705,037 728,212 (23,175) 1,210,686 505,649

Leasing Comm. Amort. 5,000 5,000 35,000 35,000 0 60,000 25,000

Depreciation 50,696 50,696 354,874 354,874 (0) 608,355 253,481

Total Expenses 458,457 462,246 3,486,054 3,559,766 (73,712) 5,928,542 2,442,488

Net Operating Income (Loss) (89,398) (135,212) 1,396,470 823,221 573,249 14,729 (1,381,741)

LT Inv - Dividends/Interest 3,573 2,000 20,205 14,000 6,205 24,000 3,795

LT Inv - Net Gain (Loss) (40,775) 0 14,717 0 14,717 0 (14,717)

Investment Consultant Fee (2,830) 0 (8,365) (5,500) (2,865) (11,000) (2,635)

Non-Operating Income (Loss) (40,031) 2,000 26,557 8,500 18,057 13,000 (13,557)

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

Grand Total (129,429) (133,212) 1,423,027 831,721 591,306 27,729 (1,395,298)


Statement of Operations

CONSOLIDATED




Retro Plan Income 219,499 124,000 1,410,721 1,093,000 317,721 1,713,000 302,279

Retro Exp Gross (219,499) (124,000) (898,451) (868,000) (30,451) (1,488,000) (589,549)

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

Membership Due 7,589 0 1,781,794 1,675,000 106,794 1,675,000 (106,794)

Program / Grant Revenue 25,416 5,558 91,442 110,756 (19,314) 167,025 75,583

Event Revenue 26,535 14,600 271,219 246,475 24,744 246,525 (24,694)

Misc Income 75 150 14,867 15,995 (1,128) 16,630 1,763

Total Revenue 59,615 20,308 2,671,592 2,273,226 398,366 2,330,180 (341,412)

Salaries 145,968 147,105 1,076,063 1,089,872 (13,809) 1,879,705 803,642

Payroll Burden Taxes and Benefits 43,737 45,485 310,823 318,398 (7,574) 545,825 235,001

Auto Expense / Corporate Travel 4,648 2,589 17,518 19,854 (2,336) 35,213 17,695

Miscellaneous Meetings 4,606 3,392 37,474 55,293 (17,819) 93,520 56,046

Consultant Fees 4,680 1,538 19,436 20,611 (1,175) 36,139 16,703

Office Expense 5,168 5,515 45,273 42,033 3,240 76,225 30,952

Membership Dues/Donations 16,605 11,274 91,505 89,527 1,979 159,933 68,428

Rent 5,784 6,685 39,482 46,780 (7,298) 80,200 40,718

Technology Expense 4,198 5,325 37,942 50,985 (13,043) 72,200 34,258

Phone Expense 2,270 3,030 19,373 20,055 (682) 34,260 14,887

Program/Grant Expense 12,100 3,725 58,189 63,022 (4,833) 92,977 34,788

Membership Promotion 3,362 5,617 81,408 87,169 (5,761) 184,650 103,242

Event Expense 34,352 27,950 237,686 233,218 4,468 257,353 19,667

Insurance/Tax/Training 17,269 3,025 57,434 43,628 13,806 61,353 3,919

Depreciation 4,939 4,939 34,571 34,571 (0) 59,264 24,693

Total Expenses 309,688 277,193 2,164,179 2,215,016 (50,837) 3,668,817 1,504,638

Net Operating Income (Loss) (250,073) (256,885) 507,413 58,210 449,202 (1,338,637) (1,846,050)

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

Grand Total (250,073) (256,885) 507,413 58,210 449,202 (1,338,637) (1,846,050)



ASSOCIATION




Building / Retail Rent 218,999 223,906 1,597,848 1,570,755 27,093 2,691,435 1,093,587

Other Rent Revenue 83,805 79,970 567,780 517,610 50,170 886,010 318,230

Other Revenue / CAM 6,640 2,850 45,304 21,396 23,908 35,646 (9,658)

Total Revenue 309,444 306,726 2,210,932 2,109,761 101,171 3,613,091 1,402,159

Salaries 25,754 25,796 188,680 189,625 (945) 327,658 138,978

Payroll Burden Taxes & Benefits 7,919 7,886 55,820 55,201 618 94,631 38,811

Consultant Fees 736 - 17,036 16,410 626 17,660 624

Building / Marina Expense 63,603 100,613 705,037 728,212 (23,175) 1,210,686 505,649

Leasing Comm. Amort. 5,000 5,000 35,000 35,000 - 60,000 25,000

Depreciation 45,758 45,758 320,303 320,303 - 549,091 228,788

Total Expenses 148,769 185,052 1,321,875 1,344,751 (22,875) 2,259,725 937,850

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

Net Operating Income (Loss) 160,675 121,674 889,057 765,010 124,047 1,353,366 464,309



BUILDING & MARINA




Building Rent - Seattle 4700-50-000 175,155 180,086 1,280,434 1,253,797 26,637 2,155,377 874,943

Parking Lot Income 4701-50-000 29,406 27,100 190,331 147,550 42,781 251,600 61,269

Operating Expense Reimb - Seattle Building 4702-50-000 6,329 2,675 42,219 18,725 23,494 32,100 (10,119)

Retail Rents 4703-50-000 38,350 38,350 268,452 268,450 2 460,200 191,748

Other Rental Income 4704-50-000 397 370 2,855 2,560 295 4,410 1,555

ATM Rental Income 4706-50-000 51 50 352 350 2 600 248

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

Total Revenue 249,713 248,631 1,784,884 1,691,432 93,452 2,904,287 1,119,403

Salaries 5010-50-000 16,753 16,794 122,818 117,559 5,259 201,529 78,712

Payroll Taxes 5020-50-052 1,466 1,484 11,106 10,388 718 17,808 6,702

Health/Security/LTD 5020-50-070 2,078 1,971 13,765 13,796 (30) 23,650 9,885

Pension 5020-50-139 1,543 1,602 11,032 11,215 (183) 19,226 8,194

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 5040-50-076 468 0 8,608 7,000 1,608 8,250 (358)

Roof Repairs & Maint-Gen 6020-50-300 821 0 1,814 1,415 399 1,415 (399)

Pkg Lot Rep & Maint-Gen 6035-50-300 (821) 0 493 400 93 400 (93)

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 14,269 15,360 (1,091) 20,480 6,211

HVAC Contr Serv & Per-Gen 6040-50-300 1,437 1,474 5,074 4,422 652 5,896 822

HVAC Repairs & Maint-Off 6045-50-100 2,471 2,780 26,056 18,415 7,641 24,045 (2,011)

Elev Contr Serv & Per-Off 6050-50-100 814 835 6,715 5,845 870 10,020 3,305

Elevator Rep & Maint-Off 6055-50-100 0 1,870 1,286 2,070 (784) 2,270 984

Electrical Rep & Supp-Off 6060-50-100 853 980 5,040 6,015 (975) 9,910 4,870

Plumbing Rep & Supp-Off 6070-50-100 0 500 835 4,400 (3,565) 6,900 6,065

Fire / Life / Safety-Gen 6080-50-300 731 0 8,183 6,855 1,328 11,630 3,447

General Repair & Maint-NR (Non-CAM Exp) 6100-50-000 (1,797) 500 3,713 3,500 213 6,000 2,287

General Rep & Maint-Off 6100-50-100 707 835 6,327 6,945 (618) 11,120 4,793

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

Locks, Keys & Signage-Off 6120-50-100 142 300 3,645 3,690 (45) 4,890 1,245Pest Control-Off 6130-50-100 383 0 863 285 578 513 (350)

Ext Landscaping Serv-Gen 6210-50-300 880 880 8,451 7,255 1,196 11,655 3,204

Ext Landscaping Rep-Gen 6220-50-300 0 0 88 150 (62) 300 212

Int Landscaping Serv-Off 6230-50-100 526 525 4,206 3,675 531 6,300 2,094

Base Janitorial Contr-Off 6310-50-100 (1,823) 7,200 33,822 50,400 (16,578) 86,400 52,578



SEATTLE BUILDING






SEATTLE BUILDING


Janitorial-Tenant Share 6310-50-900 178 177 1,244 1,239 5 2,124 880

Janitorial-Tenant Offset 6310-50-910 (178) (177) (1,244) (1,239) (5) (2,124) (880)

Janitorial Supplies-Gen 6320-50-300 1,711 1,785 11,743 12,495 (752) 21,420 9,677

Window Cleaning-Off 6330-50-100 0 0 1,931 2,600 (669) 5,845 3,914

Other Janitorial Serv-Off 6380-50-100 0 200 350 800 (450) 1,200 850

Other Janitorial Serv-Gen 6380-50-300 150 425 2,375 2,975 (600) 5,100 2,725

Other Security Serv-Gen 6450-50-300 120 150 3,110 2,910 200 2,910 (200)

Electricity-Off 6510-50-100 9,139 9,315 56,585 65,205 (8,620) 111,780 55,195

Water/Sewer-Off 6520-50-100 5,142 3,400 17,416 23,800 (6,384) 40,800 23,384

Water/Sewer-Tenant Share 6520-50-900 1,374 1,100 8,278 7,700 578 13,200 4,922

Water/Sewer-Tenant Offset 6520-50-910 (1,374) (1,100) (8,278) (7,700) (578) (13,200) (4,922)

Gas-Off 6530-50-100 1,130 4,585 22,467 32,095 (9,628) 55,020 32,553

Trash Removal & Recyc-Off 6550-50-100 2,361 1,515 11,616 10,605 1,011 18,180 6,564

Marketing & Leasing-NR 6710-50-000 0 100 458 700 (243) 1,200 743

Tenant Relations-NR 6720-50-000 0 4,500 175 4,550 (4,375) 4,800 4,625

On-Site Costs-Gen 6740-50-300 1,154 333 6,081 2,333 3,748 4,000 (2,081)

Administrative / Office Exp 6780-50-000 1,323 500 4,996 3,500 1,496 6,000 1,004

Other Administrative-Gen 6780-50-300 210 583 6,775 4,083 2,692 7,000 225

Real Estate Taxes-Gen 6810-50-300 0 0 138,328 130,000 8,328 260,000 121,672

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 65,651 63,210 2,441 108,360 42,709

Interest Expense 6910-50-000 1,597 1,610 11,619 11,809 (190) 19,710 8,091

Brokers' Commission-Amortizatn 6600-50-000 5,000 5,000 35,000 35,000 0 60,000 25,000

Depreciation 6950-50-000 39,328 39,328 275,293 275,293 0 471,931 196,638

Total Expenses 110,989 128,009 978,304 1,000,432 (22,128) 1,717,215 738,911

Net Income 138,724 120,622 806,580 691,000 115,580 1,187,072 380,492



Building Rent - Marina Bldg 4700-75-000 4,324 4,200 29,953 29,400 553 50,400 20,447

Moorage Rent/A-E Docks 4701-75-000 54,002 52,500 374,594 367,500 7,094 630,000 255,406

Misc Income - Marina 4702-75-000 235 125 1,047 875 172 1,500 453

Total Revenue 58,561 56,825 405,595 397,775 7,820 681,900 276,305

Salaries 5010-75-000 8,393 8,393 61,403 58,753 2,650 100,720 39,317

Payroll Taxes 5020-75-052 732 761 5,572 5,327 244 9,133 3,561


Pension 5020-75-139 798 826 5,693 5,785 (92) 9,918 4,225


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

Audit 5040-75-076 172 0 4,132 3,960 172 3,960 (172)

Electrical Rep & Supp-NR 6060-75-000 0 250 917 1,150 (233) 1,150 233

Plumbing Rep & Supp-NR 6070-75-000 0 370 2,793 1,480 1,313 2,220 (573)

Fire / Life / Safety-NR 6080-75-000 92 45 3,328 825 2,503 2,100 (1,228)

General Reprs & Maint-NR 6100-75-000 5,741 340 8,458 5,040 3,418 6,750 (1,708)

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

Locks, Keys & Signage-NR 6120-75-000 887 210 887 1,470 (583) 2,520 1,633

Base Janitorial Contr-NR 6310-75-000 2,225 235 2,225 1,645 580 2,820 595

Janitorial Supplies-NR 6320-75-000 130 65 585 455 130 780 195

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

Land Lease Payments-NR 6460-75-000 0 28,500 81,621 85,500 (3,879) 114,000 32,379

Electricity-NR 6510-75-000 3,900 3,984 26,612 27,888 (1,276) 47,800 21,188

Electricity-Tenant Offset 6510-75-910 (1,573) (3,196) (22,322) (22,372) 50 (38,352) (16,030)

Water & Sewer-NR 6520-75-000 957 344 3,623 2,408 1,215 4,128 505

Water/Sewer-Tenant Offset 6520-75-910 (284) (157) (1,613) (1,099) (514) (1,884) (271)

Trash Removal & Recyc-NR 6550-75-000 1,773 1,485 11,165 10,395 770 17,820 6,655

Other Administration-NR 6780-75-000 311 0 905 0 905 0 (905)

Real Estate Taxes-NR 6810-75-000 0 0 19,906 22,000 (2,094) 44,000 24,094

Insurance-NR 6900-75-000 4,494 4,467 31,545 31,269 276 53,600 22,055

Depreciation 6950-75-000 4,148 4,148 29,033 29,033 (0) 49,771 20,738

Total Expenses 33,997 52,107 283,860 282,644 1,216 453,343 169,483

Net Income 24,564 4,718 121,735 115,131 6,604 228,557 106,823



SEATTLE MARINA




Office Rent - Fife Building 4700-85-000 1,170 1,270 19,008 19,108 (100) 25,458 6,450

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

Total Revenue 1,170 1,270 20,454 20,554 (100) 26,904 6,450

Salaries 5010-85-000 608 608 4,459 4,259 200 7,302 2,842

Payroll Taxes 5020-85-052 51 57 385 400 (15) 686 301

Health/Security/LTD 5020-85-070 95 90 627 628 (1) 1,076 449

Pension 5020-85-139 55 58 395 407 (12) 698 303

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

Audit 5040-85-076 95 0 2,295 2,200 95 2,200 (95)

Building Cleaning 6010-85-000 0 750 2,250 5,250 (3,000) 9,000 6,750

Supplies & Materials 6270-85-000 0 40 0 280 (280) 480 480

Misc. Building Maintenance 6290-85-000 219 475 4,024 3,325 699 5,700 1,676

Fire Alarm System Monitoring 6292-85-000 0 0 431 350 81 850 419

HVAC Maintenance & Repairs 6400-85-000 0 0 2,250 1,200 1,050 2,400 150

Electricity 6510-85-000 341 335 2,025 2,325 (300) 4,000 1,975

Water & Sewer 6520-85-000 0 0 1,030 1,130 (100) 1,980 950

Gas 6530-85-000 35 150 1,246 1,050 196 1,800 554

Trash Removal & Recyc 6550-85-000 0 90 755 630 125 1,080 325

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 15,977 15,977 (0) 27,389 11,412

Total Expenses 3,783 4,936 59,712 61,675 (1,963) 89,168 29,456

Net Income (2,613) (3,666) (39,258) (41,121) 1,863 (62,264) (23,006)



FIFE BUILDING




Salaries 5010-13-000 2,167 2,167 15,572 15,172 400 26,009 10,437

Payroll Taxes 5020-13-052 172 151 1,279 1,059 220 1,816 536

Health/Security/LTD 5020-13-070 195 184 1,287 1,289 (2) 2,210 923

Pension 5020-13-139 215 220 1,522 1,543 (21) 2,645 1,123

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

Officers / Board Meetings 5035-13-056 1,327 25 2,478 4,950 (2,472) 6,300 3,822

Miscellaneous Expense 5035-13-072 0 0 972 3,900 (2,928) 5,350 4,378

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

Board Contingency 5120-13-054 9,493 0 19,493 10,000 9,493 20,000 507

Total Expenses 13,570 2,748 44,455 40,030 4,425 66,972 22,517

Net Income (13,570) (2,748) (44,455) (40,030) (4,425) (66,972) (22,517)



BOARD OF TRUSTEES




Salaries 5010-17-000 1,555 1,555 11,687 10,887 800 18,663 6,976

Payroll Taxes 5020-17-052 124 135 968 944 25 1,618 650


Pension 5020-17-139 117 139 839 974 (135) 1,669 831


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

Miscellaneous Meetings 5035-17-072 0 30 0 210 (210) 360 360

Office Exp 5050-17-000 0 20 0 140 (140) 240 240

New Application 5081-17-017 0 85 0 595 (595) 1,000 1,000

Tech Equipment Maint- Parts 5082-17-000 0 300 4,858 12,100 (7,242) 13,600 8,742

Professional Service 5083-17-017 2,863 2,865 18,005 20,055 (2,050) 34,380 16,375

Professional Service 5083-17-036 0 600 3,600 4,200 (600) 7,200 3,600

Cell Phone Exp. 5087-17-000 207 225 1,505 1,575 (70) 2,700 1,195

New / Renewal Software License Fee 5089-17-017 1,215 1,200 8,842 11,110 (2,268) 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 11,502 11,502 0 19,717 8,215

Total Expenses 7,898 8,962 64,458 75,921 (11,463) 115,797 51,339

Net Income (7,898) (8,962) (64,458) (75,921) 11,463 (115,797) (51,339)



TECHNOLOGY




Conference Center Rental 4100-18-238 0 0 3,500 300 3,200 600 (2,900)

McGraw Hill Affinity Plan 4100-18-303 800 0 944 600 344 1,000 56

Verizon Affinity Plan - NPP 4100-18-304 0 0 19,655 14,000 5,655 21,000 1,345

Enterprise Affinity Plan 4100-18-305 0 0 260 4,000 (3,740) 7,000 6,740

Office Depot Affinity Plan 4100-18-310 0 0 0 4,400 (4,400) 9,400 9,400

Misc Income 4900-18-194 0 0 42 120 (78) 180 138

Misc Income/Service 4900-18-195 0 100 271 800 (529) 1,000 729

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

Total Revenue 800 100 24,672 24,220 452 40,180 15,508

Salaries 5010-18-000 13,173 13,172 95,146 92,207 2,938 158,070 62,924

Temp Help 5010-18-051 0 150 0 1,050 (1,050) 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 1,071 1,004 8,035 7,029 1,005 12,051 4,016


Pension 5020-18-139 1,321 1,369 8,927 9,586 (659) 16,432 7,506


Auto / Travel Expense 5030-18-000 0 20 27 125 (98) 200 173

Miscellaneous Meetings 5035-18-072 194 375 1,970 2,625 (655) 4,440 2,470

Legal 5040-18-060 0 208 0 1,456 (1,456) 2,500 2,500

Office Exp. 5050-18-000 813 1,534 9,743 10,738 (995) 18,414 8,671

Office Equipment Lease 5050-18-066 604 550 1,853 1,650 203 2,200 347

Office Equipment Maintenance 5050-18-067 1,217 425 6,368 4,325 2,043 7,800 1,432

Postage - Administration 5050-18-069 15 50 114 350 (236) 600 486

Parking / Metro 5050-18-071 135 280 984 1,960 (977) 3,360 2,377

Contract Printing 5050-18-074 0 50 905 350 555 600 (305)

Office Equipment - Interest 5050-18-290 0 75 263 525 (262) 866 603

Membership Dues 5060-18-061 0 0 750 1,500 (750) 1,630 880

Subscriptions 5060-18-062 0 0 80 171 (91) 1,142 1,062

Donations/ Memorials 5060-18-063 162 100 305 700 (395) 1,200 895

Internet Connnection 5085-18-000 0 65 0 455 (455) 780 780

Telephone Exp.- Admin. 5086-18-000 572 560 4,140 3,920 220 6,780 2,640

Cell Phone Exp.- Admin. 5087-18-000 157 120 1,813 840 973 1,440 (373)

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

Staff Professional Training 5900-18-065 17,269 2,925 30,075 20,475 9,600 35,000 4,925

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

Depreciation 6950-18-000 847 847 5,928 5,929 (0) 10,163 4,235

Total Expenses 39,160 25,395 201,392 194,143 7,249 325,841 124,449

Net Income (38,360) (25,295) (176,720) (169,923) (6,797) (285,661) (108,941)



ADMINISTRATION




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 10,718 12,343 89,474 86,399 3,075 148,113 58,639

Payroll Taxes 5020-19-052 857 1,114 7,667 7,795 (128) 13,362 5,695


Pension 5020-19-139 836 1,086 6,906 7,602 (697) 13,033 6,127


Auto Expense 5030-19-000 0 20 31 140 (109) 240 209


Audit 5040-19-076 2,764 0 7,569 5,000 2,569 7,254 (315)

ADP Payroll Fees 5040-19-077 446 440 3,364 3,425 (61) 5,685 2,321

Professional Service 5040-19-144 0 290 1,068 2,030 (962) 3,500 2,432

Office Exp. 5050-19-000 62 85 1,077 595 482 1,020 (57)

Postage - Accounting 5050-19-069 75 135 598 945 (347) 1,620 1,022

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

Bank Charge 5050-19-231 34 25 458 175 283 300 (158)

Membership Dues 5060-19-061 0 450 250 735 (485) 735 485

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

Discounts Allowed (Visa/Dues) 5140-19-078 931 500 13,415 9,000 4,415 15,000 1,585

State Excise Taxes 5900-19-079 0 100 8,133 5,200 2,933 5,700 (2,433)

City Excise Tax 5900-19-279 0 0 4,888 4,800 88 7,500 2,613

Depreciation 6950-19-000 131 131 917 917 0 1,572 655

Total Expenses 18,594 18,437 157,774 151,956 5,818 255,862 98,088

Net Income (18,594) (18,437) (149,374) (143,556) (5,818) (247,462) (98,088)



ACCOUNTING




Website Advertising 4100-22-197 0 583 0 4,081 (4,081) 7,000 7,000

Total Revenue 0 583 0 4,081 (4,081) 7,000 7,000

Salaries 5010-22-000 10,659 10,659 77,475 74,613 2,863 127,907 50,432

Payroll Taxes 5020-22-052 855 987 6,489 6,908 (419) 11,842 5,353


Pension 5020-22-139 1,023 726 4,748 5,081 (333) 8,710 3,962


Auto Expense 5030-22-000 1,125 0 2,029 0 2,029 0 (2,029)

Miscellaneous Meetings 5035-22-072 40 60 448 420 28 720 272

Professional Service 5040-22-144 0 0 0 500 (500) 1,000 1,000

Website Maintenance 5040-22-250 0 100 0 700 (700) 1,200 1,200

Office Exp. 5050-22-000 28 50 595 300 295 500 (95)

Postage - Communications 5050-22-069 1 0 4,882 900 3,982 1,500 (3,382)

Protrait Photography 5050-22-089 0 0 1,925 2,000 (76) 2,500 576

Subscriptions 5060-22-062 0 0 50 405 (355) 712 662

Cell Phone Exp.- Comm. 5087-22-000 75 105 900 735 165 1,260 360

Advertising 5140-22-082 1,555 1,667 15,699 11,669 4,030 20,000 4,301

Public Relations 5140-22-083 0 250 148 1,750 (1,602) 3,500 3,352

Newsletter 5140-22-084 132 175 1,058 1,225 (167) 2,100 1,042

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

Total Expenses 17,023 16,235 130,193 132,610 (2,417) 220,348 90,155

Net Income (17,023) (15,652) (130,193) (128,529) (1,664) (213,348) (83,155)



COMMUNICATIONS




CEO Out of Town Travel 5035-24-090 0 166 431 1,162 (731) 2,000 1,569

Executive Leadership Council 5035-24-094 2,073 0 3,505 3,200 305 4,700 1,195

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 0 7,031 6,600 431 9,000 1,969

National AGC Leadership Conference 5035-24-099 670 1,500 670 2,600 (1,930) 18,500 17,830

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

Miscellaneous Conference 5035-24-126 11 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 0 0 0 3,200 3,200

Total Expenses 2,754 1,666 27,930 33,862 (5,932) 57,700 29,770

Net Income (2,754) (1,666) (27,930) (33,862) 5,932 (57,700) (29,770)



MEETING AND EVENTS




Safety/Constr Awards Dnr-INC 4150-25-127 0 0 42,905 45,000 (2,095) 45,000 2,095

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

Total Revenue 0 0 121,165 123,800 (2,635) 123,800 2,635

Salaries 5010-25-000 2,031 2,031 14,819 14,219 600 24,375 9,556

Payroll Taxes 5020-25-052 166 189 1,279 1,321 (42) 2,264 985

Health/Security/LTD 5020-25-070 288 271 1,896 1,899 (4) 3,256 1,361

Pension 5020-25-139 213 222 1,521 1,553 (32) 2,662 1,141


Auto Expense 5030-25-000 101 0 844 500 344 1,000 156


Office Exp. 5050-25-000 0 50 0 200 (200) 300 300

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

Safety/Excellence Cons Din-Exp 5150-25-127 0 0 48,040 45,000 3,040 45,000 (3,040)

Annual Meeting 5150-25-128 0 0 75,042 78,800 (3,758) 78,800 3,758

Award & Recognition 5150-25-130 8,514 0 12,794 10,500 2,294 10,500 (2,294)

Total Expenses 11,313 2,763 156,441 155,131 1,309 170,387 13,946

Net Income (11,313) (2,763) (35,276) (31,331) (3,944) (46,587) (11,311)



SPECIAL EVENTS




Intro / Retro 4010-36-204 1,450 0 32,400 5,200 27,200 5,200 (27,200)

Constructor In 4010-36-206 550 0 7,700 4,800 2,900 4,800 (2,900)

Min Dues - Introductory GC 4010-36-209 1,450 0 20,850 2,600 18,250 2,600 (18,250)

Min Dues - Associates 4010-36-211 423 0 181,672 171,900 9,772 171,900 (9,772)

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

Min Dues - Retro 4010-36-213 100 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 3,616 0 371,887 370,000 1,887 370,000 (1,887)

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

Sub-Total Dues Revenue 7,589 0 1,781,794 1,675,000 106,794 1,675,000 (106,794)

YTD % to Budget 106.38%

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 7,589 0 1,787,342 1,681,000 106,342 1,681,000 (106,342)

Salaries 5010-36-000 9,940 9,940 72,627 69,577 3,050 119,275 46,648

Payroll Taxes 5020-36-052 815 819 6,105 5,733 372 9,828 3,723


Pension 5020-36-139 921 1,037 6,576 7,259 (682) 12,443 5,867


Auto Expense 5030-36-000 0 25 0 175 (175) 300 300

Miscellaneous Meetings 5035-36-072 0 0 469 0 469 1,200 731

Office Exp. 5050-36-000 197 300 378 600 (222) 600 222

Postage - Member Services 5050-36-069 1 10 118 230 (112) 1,030 912

Cell Phone Exp.- Member Services 5087-36-000 57 80 455 560 (105) 960 505

Early Payment Disc. (2%) 5140-36-078 (0) 0 2,931 4,550 (1,619) 29,550 26,619

Membership Promotion 5140-36-080 0 125 13 875 (862) 1,500 1,487

Depreciation 6950-36-000 53 53 370 370 (0) 634 265

Total Expenses 13,311 13,638 98,771 102,362 (3,591) 199,687 100,917

Net Income (5,722) (13,638) 1,688,571 1,578,638 109,933 1,481,313 (207,258)



MEMBER SERVICE




FLF Event Revenue 4150-16-175 1,260 0 9,360 2,500 6,860 4,000 (5,360)

Total Revenue 1,260 0 9,360 2,500 6,860 4,000 (5,360)

Salaries 5010-16-000 1,235 1,235 8,964 8,648 316 14,826 5,862

Payroll Taxes 5020-16-052 100 113 750 794 (45) 1,362 612


Pension 5020-16-139 123 129 782 904 (122) 1,550 768


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

Membership Meetings 5140-16-177 74 100 771 400 371 2,300 1,529

Event / Entertainment 5150-16-175 0 200 6,893 1,600 5,293 2,800 (4,093)

Food / Beverage 5300-16-000 396 550 5,069 4,650 419 7,300 2,231

Total Expenses 2,119 2,507 24,478 18,777 5,701 33,339 8,861

Net Income (859) (2,507) (15,118) (16,277) 1,159 (29,339) (14,221)



FUTURE LEADERSHIP FORUM




Salaries 5010-26-000 1,613 2,029 14,389 14,205 183 24,352 9,963

Payroll Taxes 5020-26-052 128 184 1,252 1,288 (36) 2,208 956


Pension 5020-26-139 126 178 1,134 1,248 (114) 2,139 1,005


Donations - Other 5060-26-000 5,243 0 4,433 0 4,433 5,000 567

Donations - AGCEF 5060-26-063 10,542 10,542 73,792 73,792 0 126,500 52,708

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

Education Subsidy to Members 5140-26-136 0 2,000 16,150 14,000 2,150 24,000 7,850

Total Expenses 17,778 15,970 112,977 108,133 4,844 190,075 77,098

Net Income (17,778) (15,970) (112,977) (108,133) (4,844) (190,075) (77,098)



WORKFORCE DEVELOPMENT




Safety Promotion Items 4100-42-080 1,965 1,300 21,025 20,200 825 25,200 4,175

Safety Team Inspections 4100-42-218 1,485 1,575 10,935 13,575 (2,640) 19,575 8,640

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

Safety Grants Income 4100-42-241 3,666 0 3,666 0 3,666 0 (3,666)

Field Day / Safety Team (Golf) 4150-42-176 115 2,000 23,215 20,725 2,490 20,725 (2,490)

Shipping - Safety Products 4900-42-195 43 50 394 675 (281) 1,050 656

Total Revenue 7,274 4,925 59,035 55,175 3,860 71,550 12,515

Salaries 5010-42-000 20,227 20,231 148,610 141,615 6,994 242,769 94,160

Payroll Taxes 5020-42-052 1,694 1,913 12,876 13,393 (517) 22,959 10,083


Pension 5020-42-139 2,045 2,373 14,402 16,613 (2,211) 28,480 14,078


Auto/Travel Expense 5030-42-000 1,558 1,022 5,817 7,157 (1,340) 12,270 6,453

Corporate Travel 5030-42-178 1,122 305 2,748 2,135 613 4,680 1,932

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

Office Exp. 5050-42-000 153 100 541 700 (159) 1,200 659

Postage - Safety 5050-42-069 171 191 1,200 1,345 (145) 2,300 1,100


Membership Dues 5060-42-061 0 0 0 205 (205) 410 410

Cell Phone Exp.- Safety 5087-42-000 172 410 2,116 1,670 446 2,720 604

Safety Promotion 5120-42-080 93 500 21,546 21,252 294 22,352 806

Safety Grants Expense 5120-42-241 7 0 7 0 7 0 (7)

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

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

Golf Tournment - Safety Team 5150-42-176 47 11,000 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 5,298 5,298 0 9,083 3,784

Total Expenses 31,374 41,935 253,177 258,757 (5,581) 425,899 172,723

Net Income (24,100) (37,010) (194,142) (203,582) 9,440 (354,349) (160,208)



SAFETY




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 4500-27-242 219,499 124,000 898,451 868,000 30,451 1,488,000 589,549

Total Revenue 219,499 124,000 1,410,721 1,093,000 317,721 1,713,000 302,279

Annual Meeting - Retro Breakfast 5502-27-221 TO 5502-27-230 0 0 19,413 0 19,413 0 (19,413)

Annual Meeting - AGC 5503-27-221 TO 5503-27-230180 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 5505-27-230782 0 3,645 0 3,645 0 (3,645)

Computer Equip Maint. - Upgrade 5506-27-221 TO 5506-27-230321 0 2,208 0 2,208 0 (2,208)

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 58 0 692 0 692 0 (692)

Office Equipment 5512-27-221 TO 5512-27-230692 0 4,630 0 4,630 0 (4,630)

Office Rent & Parkng 5513-27-221 TO 5513-27-2304,541 0 26,779 0 26,779 0 (26,779)

Office Supplies 5514-27-221 TO 5514-27-230213 0 1,996 0 1,996 0 (1,996)

Postage 5515-27-221 TO 5515-27-230182 0 1,941 0 1,941 0 (1,941)

Salaries 5516-27-221 TO 5516-27-23046,659 0 326,613 0 326,613 0 (326,613)

Payroll Taxes & Benefits 5517-27-221 TO 5517-27-23016,370 0 118,749 0 118,749 0 (118,749)

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 5520-27-230590 0 4,148 0 4,148 0 (4,148)

Subtotal 75,860 0 593,591 0 593,591 0 (593,591)

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 0 281,191 0 281,191 0 (281,191)

Classroom Yakima 5527-27-221 TO 5527-27-2301,700 0 11,900 0 11,900 0 (11,900)

Subtotal 43,353 0 293,091 0 293,091 0 (293,091)

NET EXPENSE 119,213 0 886,682 0 886,682 0 (886,682)Clearing Account 5528-27-221 TO 5528-27-230(119,213) 0 (886,682) 0 (886,682) 0 886,682

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

Retro Exp Gross/Reimbursement 5500-27-242 219,499 124,000 898,451 868,000 30,451 1,488,000 589,549



GROUP RETRO


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



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

Total Revenue 17,500 0 17,500 17,500 0 17,500 0

Salaries 5010-30-000 24,814 19,814 150,170 138,695 11,475 237,763 87,593

Contract Lobbyists / Temp Help 5010-30-051 0 5,000 30,000 37,700 (7,700) 62,700 32,700

Payroll Taxes 5020-30-052 1,607 1,762 12,240 12,336 (96) 21,148 8,908

Health/Security/LTD 5020-30-070 2,502 2,346 16,462 16,420 42 28,149 11,687

Pension 5020-30-139 1,959 2,033 14,025 14,234 (209) 24,401 10,376


Auto Expense 5030-30-000 21 150 268 1,195 (927) 1,990 1,722

Corporate Travel 5030-30-178 0 200 989 2,200 (1,211) 4,100 3,111

Miscellaneous Meetings 5035-30-072 180 550 3,745 8,120 (4,375) 12,000 8,255

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

Office Exp. 5050-30-000 30 500 2,170 4,000 (1,830) 7,150 4,980

Office Equipment Lease 5050-30-066 16 20 112 140 (28) 240 128

Office Equipment Maintenance 5050-30-067 8 30 293 370 (77) 1,200 907

Postage - GAC 5050-30-069 0 0 1,050 300 750 1,000 (50)

Contract Printing 5050-30-074 0 0 258 350 (92) 4,700 4,442

Membership Dues 5060-30-061 0 0 720 870 (150) 3,815 3,095

Subscriptions 5060-30-062 0 10 263 410 (147) 610 347

Donations 5060-30-063 0 0 0 850 (850) 1,100 1,100

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

Rent - Leg. Office 5070-30-000 3,777 5,285 30,496 36,980 (6,484) 63,400 32,904

Internet Service Provider 5084-30-000 0 110 700 770 (70) 1,320 620

Telephone Exp.- Leg. 5086-30-000 6 325 1,804 2,350 (546) 4,000 2,196

Cell Phone Exp.- Leg. 5087-30-000 146 275 1,126 1,925 (799) 3,300 2,174

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

LEARN 5130-30-083 1,110 125 1,110 650 460 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 0 0 375 375

Insurance & Bonds 5900-30-064 0 0 1,426 1,350 76 1,350 (76)Depreciation 6950-30-000 1,305 1,305 9,136 9,135 0 15,661 6,525

Total Expenses 37,481 39,840 284,699 306,638 (21,939) 524,575 239,876

Net Income (19,981) (39,840) (267,199) (289,138) 21,939 (507,075) (239,876)



GOVERNMENT AFFAIRS COUNCIL




Salaries 5010-31-000 2,222 2,222 16,309 15,557 752 26,668 10,360

Payroll Taxes 5020-31-052 181 202 1,378 1,411 (33) 2,418 1,041


Pension 5020-31-139 214 220 1,513 1,538 (25) 2,637 1,124


Auto Expense:BUILD 5030-31-000 0 38 247 114 133 300 53

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

Misc. Meetings 5035-31-072 0 50 4 550 (546) 800 796

Office Exp. 5050-31-000 139 0 139 195 (56) 195 56

Indirect Overhead / Admin - Build Pac 5060-31-063 283 60 4,062 2,860 1,202 3,200 (862)

Total Expenses 3,337 3,072 25,611 25,252 360 41,463 15,852

Net Income (3,337) (3,072) (25,611) (25,252) (360) (41,463) (15,852)



BUILD-PAC




Salaries 5010-33-000 167 167 1,207 1,167 40 2,000 793

Payroll Taxes 5020-33-052 13 15 105 106 (1) 182 77

Health/Security/LTD 5020-33-070 19 18 124 124 (0) 213 89

Pension 5020-33-139 18 18 124 126 (2) 217 92


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

Total Expenses 217 468 1,560 1,826 (266) 6,717 5,157

Net Income (217) (468) (1,560) (1,826) 266 (6,217) (4,657)



AGC - FEDERAL FACILITIES




Misc Income/Labor Forms 4900-34-220 32 0 128 0 128 0 (128)

Total Revenue 32 0 128 0 128 0 (128)

Salaries 5010-34-000 12,365 11,944 87,380 83,609 3,771 143,329 55,950

Payroll Taxes 5020-34-052 1,020 1,067 7,437 7,469 (32) 12,804 5,367


Pension 5020-34-139 1,245 1,290 8,864 9,030 (166) 15,480 6,616


Auto Expense 5030-34-000 92 100 590 700 (110) 1,200 610

Legal 5040-34-060 1,470 500 4,935 3,500 1,435 6,000 1,065

Office Exp. 5050-34-000 27 40 47 280 (233) 480 433

Postage - Labor 5050-34-069 7 10 29 70 (41) 120 91

Cell Phone Exp.- Labor 5087-34-000 57 75 455 525 (70) 900 445

Labor Relations 5120-34-163 197 200 909 1,400 (491) 2,400 1,491

Trustee Expense 5120-34-166 32 100 302 700 (398) 1,200 898

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

Depreciation 6950-34-000 32 32 225 225 (0) 386 161

Total Expenses 18,025 16,753 120,906 121,400 (494) 209,295 88,389

Net Income (17,993) (16,753) (120,778) (121,400) 622 (209,295) (88,517)



LABOR




Salaries 5010-40-000 835 835 6,085 5,845 240 10,020 3,935

Payroll Taxes 5020-40-052 69 77 524 541 (17) 928 404

Health/Security/LTD 5020-40-070 115 108 760 755 5 1,294 534

Pension 5020-40-139 78 81 555 567 (13) 972 418


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


Resource Materials 5050-40-074 0 75 0 225 (225) 300 300

Open Shop Dinner Meeting 5120-40-167 0 75 240 225 15 375 135

Open Shop Speaker Exp. 5120-40-168 0 50 0 150 (150) 200 200

Open Shop Meeting Costs 5120-40-169 0 0 119 100 19 200 81

Open Shop Seminars 5120-40-170 0 125 126 250 (124) 375 249

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

Misc. Industry Support 5120-40-172 395 0 895 750 145 1,025 130

Total Expenses 1,492 1,426 10,062 10,649 (588) 17,421 7,359

Net Income (1,492) (1,426) (10,062) (10,649) 588 (17,421) (7,359)



OPEN SHOP




Members' Event Income 4100-12-175 0 2,100 60 6,500 (6,440) 12,500 12,440

District Mtgs - Seattle 4100-12-177 0 0 6,166 5,800 366 10,150 3,984

Golf - Seattle District 4150-12-176 (1,000) (11,000) 55,266 45,000 10,266 45,000 (10,266)

Total Revenue (1,000) (8,900) 61,492 57,300 4,192 67,650 6,158

Salaries 5010-12-000 9,186 9,186 66,760 64,300 2,460 110,229 43,469

Payroll Taxes 5020-12-052 749 845 5,808 5,913 (104) 10,136 4,328

Health/Security/Ltd 5020-12-070 1,158 1,089 7,608 7,622 (14) 13,066 5,458

Pension 5020-12-139 939 1,000 6,689 6,997 (308) 11,996 5,306


Auto Expense 5030-12-000 163 125 648 825 (177) 1,500 852

Miscellaneous Meetings 5035-12-072 0 0 238 750 (512) 1,500 1,262

Office Expense 5050-12-000 0 0 12 250 (238) 500 488

Postage - Seattle District 5050-12-069 0 0 3 200 (197) 600 597


Membership Dues 5060-12-061 0 0 500 1,000 (500) 4,000 3,500

Donations 5060-12-063 0 0 200 0 200 1,500 1,300

Cell Phone Exp.- Seattle 5087-12-000 57 75 455 525 (70) 900 445

Local Gov't Affairs 5130-12-174 5 0 324 500 (176) 6,000 5,676

Membership Promotion 5140-12-080 0 0 77 500 (423) 3,500 3,423

Holiday Open House 5140-12-175 0 0 0 0 0 9,000 9,000

Memb mtgs/ Seattle 5140-12-177 0 0 8,422 6,600 1,822 12,000 3,578

Member Events - Expense 5150-12-175 0 0 2,500 5,200 (2,700) 9,000 6,500

Golf Tournament - Seattle District 5150-12-176 13 0 35,805 40,500 (4,695) 40,500 4,695

Depreciation 6950-12-000 22 22 153 154 (0) 263 110

Total Expenses 12,292 12,341 136,203 148,073 (11,870) 246,264 110,061

Net Income (13,292) (21,241) (74,711) (90,773) 16,062 (178,614) (103,903)



SEATTLE DISTRICT




District Mtgs - Southern 4100-14-177 0 0 7,640 12,000 (4,360) 21,000 13,360

Golf - Southern District 4150-14-176 26,160 22,100 45,278 38,450 6,828 37,000 (8,278)

Total Revenue 26,160 22,100 52,918 50,450 2,468 58,000 5,082

Salaries 5010-14-000 11,561 11,561 84,726 80,926 3,800 138,730 54,004

Payroll Taxes 5020-14-052 962 1,087 7,324 7,606 (283) 13,040 5,716


Pension 5020-14-139 1,051 1,105 7,536 7,736 (200) 13,262 5,726


Auto Expense 5030-14-000 0 242 540 1,694 (1,154) 2,904 2,364


Miscellaneous Meetings 5035-14-072 50 125 1,426 875 551 1,500 74

Office Exp. 5050-14-000 172 200 1,606 1,400 206 2,400 794

Office Equipment Maintenance 5050-14-067 681 208 2,341 1,456 885 2,496 155

Postage - South District 5050-14-069 0 122 0 854 (854) 1,464 1,464

Office Equipment - Interest - FIFE 5050-14-290 71 55 517 385 132 660 143

Subscriptions 5060-14-062 0 12 0 84 (84) 144 144

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

Telephone Exp.- Southern 5086-14-000 470 450 2,821 3,150 (329) 5,400 2,579

Cell Phone Exp.- Southern 5087-14-000 57 70 455 490 (35) 840 385

Memb Mtgs/ Southern 5140-14-177 0 0 12,025 18,000 (5,975) 37,000 24,975

Golf Tournament - Southern District 5150-14-176 25,487 16,500 25,487 17,065 8,422 33,000 7,513

Depreciation 6950-14-000 115 115 802 802 0 1,375 573

Total Expenses 42,942 33,597 160,061 159,747 314 286,168 126,107

Net Income (16,782) (11,497) (107,143) (109,297) 2,153 (228,168) (121,025)



SOUTHERN DISTRICT




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

Total Revenue 0 0 0 0 0 1,000 1,000

Salaries 5010-46-000 4,740 4,740 34,577 33,177 1,400 56,875 22,298

Payroll Taxes 5020-46-052 387 440 2,985 3,081 (97) 5,283 2,298


Pension 5020-46-139 498 518 3,550 3,624 (74) 6,212 2,662


Auto Expense 5030-46-000 292 100 1,620 1,100 520 2,000 380


Miscellaneous Meetings 5035-46-072 43 100 958 700 258 1,200 242

Office Exp. 5050-46-000 0 125 840 500 340 750 (90)

Postage - North District 5050-46-069 144 50 416 290 126 480 64

Membership Dues 5060-46-061 0 0 239 110 129 700 461

Subscriptions 5060-46-062 0 100 460 365 95 365 (95)

Rent - N. District 5070-46-000 1,500 750 5,250 5,250 0 9,000 3,750

Telephone Exp.- Northern 5086-46-000 0 10 0 40 (40) 60 60

Cell Phone Exp.- Northern 5087-46-000 57 80 455 560 (105) 960 505

Community Services/ Image Bldg 5120-46-185 0 0 1,000 1,500 (500) 1,500 500

Membership Training 5120-46-189 160 0 1,608 2,250 (642) 4,500 2,892

Local Gov't Affairs 5130-46-174 80 100 508 1,100 (592) 1,500 992

Membership Promotion 5140-46-080 0 100 641 500 141 1,000 359

Memb mtgs/ Northern 5140-46-177 314 500 4,212 4,000 212 7,500 3,288

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

Total Expenses 8,887 8,546 64,595 65,322 (727) 112,267 47,672

Net Income (8,887) (8,546) (64,595) (65,322) 727 (111,267) (46,672)



NORTHERN DISTRICT




Memb Mtgs/Central Wa District 4100-48-177 0 0 255 500 (245) 1,000 745

Member Training 4100-48-189 0 0 36 300 (264) 600 564

Golf Tournament-Central WA 4150-48-081 0 1,500 16,935 16,000 935 16,000 (935)

Total Revenue 0 1,500 17,310 16,800 510 17,600 290

Salaries 5010-48-000 6,124 6,124 44,625 42,865 1,760 73,482 28,858

Payroll Taxes 5020-48-052 504 567 3,845 3,970 (125) 6,805 2,960

Health/Security/LTD 5020-48-070 847 791 5,572 5,534 37 9,487 3,916

Pension 5020-48-139 569 594 4,066 4,159 (93) 7,130 3,064


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


Office Exp. 5050-48-000 85 150 976 825 151 1,425 449

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

Postage - Central District 5050-48-069 0 0 128 175 (47) 225 97

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

Membership Dues 5060-48-061 375 0 2,145 1,650 495 2,350 205

Subscriptions 5060-48-062 0 0 255 200 55 200 (55)

Rent - C. District 5070-48-000 508 650 3,736 4,550 (814) 7,800 4,064

Internet Service Provider 5084-48-000 120 100 420 700 (280) 1,200 780

Telephone / Cable TV - Central 5086-48-000 121 100 421 700 (279) 1,200 779

Cell Phone Exp.- Central 5087-48-000 57 70 455 490 (35) 840 385

Member Training Meetings 5120-48-189 32 100 350 1,100 (750) 1,800 1,450

HR Roundtable 5120-48-266 0 50 211 450 (239) 650 439

Local Gov't Exp. 5130-48-174 99 0 233 350 (117) 1,000 767

Membership Promotion 5140-48-080 356 200 1,294 1,400 (106) 2,400 1,106

Memb mtgs/ Central WA 5140-48-177 0 0 1,278 1,700 (422) 3,300 2,022

Golf Tournament - Central District 5150-48-081 291 250 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 34 239 239 (0) 410 171

Total Expenses 10,122 9,780 85,937 89,473 (3,536) 142,587 56,650

Net Income (10,122) (8,280) (68,627) (72,673) 4,046 (124,987) (56,360)



CENTRAL DISTRICT




LT Investment - Dividend MM 4801-90-000 573 0 6,616 0 6,616 0 (6,616)

LT Investment - Bond Interest 4802-90-000 3,000 2,000 13,590 14,000 (410) 24,000 10,410

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 (40,775) 0 (97,054) 0 (97,054) 0 97,054

Total Revenue (37,201) 2,000 34,922 14,000 20,922 24,000 (10,922)

Investment Consultant Fee 5800-90-000 2,830 0 8,365 5,500 2,865 11,000 2,635

Total Expenses 2,830 0 8,365 5,500 2,865 11,000 2,635

Net Income (40,031) 2,000 26,557 8,500 18,057 13,000 (13,557)



NON-OPERATING


Tab Six

Tab Seven

August 7-8, 2014 Officers’ Retreat: Action: It was moved (Brooks), seconded (Smith), and carried to approve the proposed 2015 Budget Assumptions & Priorities: 2015 Budget Assumptions: 1. 2014 AGC dues budget will equal up to 1.725MM 2. Total budgeted net income will be positive without reduction in member services. 3. AGC will continue support to the Education Foundation, which will be the primary resource

for education and training services to the membership and implementing workforce development programs in the school systems.

4. The Property Committee will continue to implement and refine the ten-year capital improvement plan to replace old systems.

5. AGC Building and Marina budgeted revenues will reflect a minimum 5% vacancy rate. 6. AGC Building & Marina profits, if any, will continue to be used to support AGC programs

(after providing for necessary capital improvements and maintaining the building at a high level).

7. Group Retro program will continue to pay its own operating expenses & provide income to AGC, and AGC will provide the Group Retro program tools and support to grow (i.e. ad campaign, financial reporting, etc.).

8. Continue providing resources for safety services to members and possibly expand services to Inland NW AGC

9. Continue resources aimed at providing value to future leaders in the industry (FLF). 10. Identify and promote non-dues related, income-producing projects, supporting the Association’s strategic directions. 11. Continue to measure program effectiveness, member satisfaction and industry needs. 12. Continue to invest in enhancements to internal and external communications to increase participation of members in AGC products, programs and issues, build membership, improve industry image, and promote AGC’s vision, values and positions. 13. Budget for an appropriate amount of reserves on an annual basis. (Per Board policy #22, the minimum reserve account balance will be the greater of 30% of AGC’s annual budget revenues or the annual earthquake insurance deductible). 14. For major events, e.g. annual meeting, golf tournaments, etc., income will be greater than or equal expenses. 15. Committee meeting costs such as meals and parking will be totally subsidized for

participants. 16. AGC’ s 2014 Charter Fee, payable to AGC of America, will be $306.5K. 2015 Budget Priorities (ranked as A, B, C for Strategic Plan purposes): 1. Collaborate with AGC Education Foundation Executive Committee to improve

communications, transparency, and self-sufficiency within 3-5 years. A 2. Continue dialogue with universities (UW, WSU, and CWU) on what we can do to mutually

support each other. A 3. Adopt new technologies and increase resource allocation, as appropriate, to improve and expand AGC’s delivery of information and communication to members. A

Documents

BOARD OF TRUSTEES MEETING September 8, 2014 11:00 AM – … › wp-content › uploads › 2019 › 08 › SEPT... · 2019-08-19 · 1 BOARD OF TRUSTEES MEETING September 8, 2014