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EC3 Board Meeting Minutes
January 19, 2016; 6:15 p.m.; EC3 Gym
Present: Brad Barron, Cameron Cichocki, Betsy Clinton (staff), Peter Cunningham, Lauren Gewirtz, Rachel Mangiavellano, Matt Resch, Ryan Roberts, Lis Weston (staff)
Absent: Jasmine Brown-Moreland, Katie Carey, Steve Purchase, Stephanie Winslow
Call to Order: 6:22 p.m.
Public Comments n No guests were present.
Old Business n Approval of the November 2015 Board Minutes was moved and supported via e-mail on
11/18/15 (Cichocki/Brown-Moreland); voting completed on 11/19/15. The minutes passed as presented by majority vote.
n Approval of the FY2015 financial statements and IRS Form 990 was moved and supported via e-mail on 12/18/15 (Resch/Brown-Moreland); voting completed on 12/22/15. The documents passed as presented by majority vote.
Directors’ Report n The directors’ report is attached to these minutes; Lis Weston presented the report to the
Board. n While discussing enrollment figures, Lis Weston reported that 27 out of 121 children are
enrolled part-time. They are distributed across EC3’s programs as follows: EC3 Program # of Part-Timers Infant 4 Toddler 10 Preschool 13
n The final version of EC3’s financial statements will be posted to the website this week.
Executive Committee n The committee’s report is attached to these minutes; Lauren Gewirtz and Lis Weston
presented the report to the Board. n While discussing the tuition round-up method of growing the Building Blocks Fund, Lis
Weston distributed a draft promotional piece to each of the Board members with suggested amounts of tuition round-ups for each of them. The Board recommended it be distributed to families once it is updated to include an option for families to simply purchase a brick outright.
n On the topic of the Building Blocks Fund, Brad Barron suggested the website be updated with a current photo and new language about progress to date.
EC3 Board Minutes: January 2016 - Page 1
n The review of the operational plan/calendar spurred a brief discussion of the auction and
whether or not the Program Committee should play a role in the development and scope of the classroom projects. Lis Weston suggested that such activity was outside the committee’s purpose, but that she is continuing to refine the plan with details about each committee’s expectations.
Program Committee n The committee’s report is attached to these minutes; Lauren Gewirtz presented the report to
the Board. n During the discussion about providing content for the Annual Report, Betsy Clinton reported
that she is writing a brief article about EC3’s curriculum and assessment, and that teacher perspectives will be written by Ada Scott and Christina Young.
n The discussion on implementing a mentoring program revealed that EC3 teachers would rather have new staffers be trained more thoroughly during the orientation, than to be mentors over time to new staffers.
Development & Marketing Committee n The committee’s report is attached to these minutes; Matt Resch presented the report to the
Board.
Finance & Facilities Committee n The committee’s report is attached to these minutes; Cameron Cichocki presented the report
to the Board.
New Business Board-related meetings in February are scheduled as follows:
� FinFacCom Meeting: 2/8/16, 12:00 p.m. � ProgCom Meeting: 2/9/16, 4:30 p.m. � DevMarCom Meeting: 2/10/16, 5:00 p.m. � Board Meeting: 2/16/16, 6:15 p.m.
Adjourn: 7:47 p.m.
EC3 Board Minutes: January 2016 - Page 2
Directors Report: January 2016
Program Update n Enrollment patterns for the most recent four years are shown in the chart below, with the
horizontal axis placed at our current budgeted breakeven point.
n We currently have 121 children enrolled, representing 99 families. n Tour conversion rates are as follows:
Tours Aug. Sep. Oct. Nov. Dec. Jan. (TD) Tours given 6 12 3 2 9 2 % enrolled 50% 16% 33% 50% 33% 0%
n The Otter room opening went very smoothly and operations have been trouble-free thus far. n Interviews are ongoing to find two full-time teachers for the Otter room and one for the Frog
room. n We have placed the order for the materials needed to implement the Creative Curriculum; the
cost is $2,300.
Finance & Facilities Update n The audited financial statements are being distributed at today’s meeting. n The MSUFCU can offer us a competitive mortgage loan and line of credit; Lis will be
discussing the matter with the FinFacCom via e-mail later this week. SSB Bank is also preparing a LOC quote, but their rates are not favorable.
n The costs to prepare and equip the Otter room were roughly $5,000. Added to the rest of our past-due payables, we are in serious need of roughly $18,000 just to get current with all our vendors
70.0%75.0%80.0%85.0%90.0%95.0%
100.0%
Oct. Nov. Dec. Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep.
2012-13 2013-14 2014-15 2015-16
EC3 Board Minutes: January 2016 - Page 3
n The Main Street Association (a local community/neighborhood group) will be using our gym
space on Super Bowl Sunday (2/7/16) for a small, private viewing of the game in honor of one of their members. We have done this type of thing with them before; they have provided the appropriate insurance coverage and we signed an agreement last week. They have made a $100 donation to EC3's Building Blocks Fund.
Development & Marketing Update n The Board Challenge/year-end fund raising campaign brought in $17,000, which is $3,000
under budget. n Planning is underway for the Annual Report and the Auction.
EC3 Board Minutes: January 2016 - Page 4
Executive Committee Quarterly Meeting Minutes
January 5, 2016 (Q1) Present: Cameron Cichocki, Lauren Gewirtz, Steve Purchase, Lis Weston (staff), Stephanie Winslow
Absent: n/a
1. Review of Board composition; there are currently no openings on the Board.
Begin End Officer Ofc-Begin Ofc-End Name Mar-14 Sep-16 Chair Oct-15 Sep-16 Stephen Purchase
Dec-12 Sep-16 Vice Chair Oct-15 Sep-16 Lauren Gewirtz Oct-13 Sep-16 Secretary Oct-15 Sep-16 Stephanie Winslow Sep-15 Aug-17 Treasurer Oct-15 Sep-16 Cameron Cichocki Nov-09 Sep-16
Matt Resch
Feb-15 Jan-17 Ryan Roberts Feb-15 Jan-17 Jasmine Brown-Moreland Jun-15 May-17 Katie Carey Jul-15 Jun-17 Peter Cunningham Jul-15 Jun-17 Rachel Mangiavellano
Nov-15 Oct-17 Brad Barron 2. The committee reviewed Lis Weston’s first iteration of EC3’s strategic development and
fundraising plan (attached). The plan was informed in part by Lis Weston’s performance goals, which were established in her recent performance evaluation. The plan includes the broad goals for the year and specific tactics covering the first few months, including how progress will be identified. At the next Executive Committee meeting, Lis will provide ongoing tactics based on the outcomes of the current quarter.
a. Lauren Gewirtz suggested that surveys sent out to parents of recent EC3 graduates include information about and promotion of purchasing a brick to support the Building Blocks Fund.
b. Stephanie Winslow recommended that each Board member be encouraged to use the “round-up” option when paying tuition, so that they could be prepaying for their bricks.
3. The committee reviewed the EC3 operational plan for FY2015-16 (attached) and recommended that it be shared with each committee during its meeting this month, allowing committee members to review their specific activities.
Next meeting: Tuesday, April 5, 2016, 4:30 p.m.
EC3 Board Minutes: January 2016 - Page 5
EC3 Strategic Development & Fundraising Plan
2016 EXECUTIVE DIRECTOR GOALS n Investigate the option of conducting a “debt-retirement” capital campaign, focused on paying
off the building mortgage and line of credit. Recommendation will be presented to the Board no later than the March 2016 meeting.
n Investigate the option of conducting a strategic re-visioning process for EC3 in order to develop a sustainable long-term plan. Recommendation will be presented to the Board no later than the March 2016 meeting.
n Increase the Building Blocks Fund to $15,000 by year-end ($10,000 of which is to be used for replacing the Bear room floor).
n Apply for at least one (1) grant per quarter.
TACTICS TO SUPPORT GOALS: JAN. – MAR. 2016 The following table incorporates the goals of EC3’s Executive Director for 2016.
Goal/Activity Purpose Timeline/Deadline Evidence Complete the Michigan Nonprofit Association (MNA) MindEdge course on “Principles of Marketing for Nonprofit Organizations.”
Supporting EC3’s development efforts; required for Certificate in Nonprofit Management.
1/8/16
Certificate of course completion will be e-mailed to Board with weekly update.
Meet with current and former EC3 Board members in their workplace.
Gathering input/ideas on EC3’s positioning (past, present, and future); courtesy call for Board development.
Weekly beginning 1/11/16 (minimum one per week)
Discussion summary will be e-mailed to Board with weekly update.
Telephone former EC3 families to encourage their purchase of a BBC brick.
Increasing the Building Blocks Fund.
Weekly beginning 1/11/16 (minimum two phone calls/families per week)
Names and outcomes from those contacted will be e-mailed to Board with weekly update.
Complete the MNA’s MindEdge course on “Fundraising for Nonprofit Organizations.”
Supporting EC3’s development efforts; required for Certificate in Nonprofit Management.
1/15/16
Certificate of course completion will be e-mailed to Board with weekly update.
Complete the MNA’s MindEdge course on “Introduction to Grant Writing.”
Supporting EC3’s development efforts; required for Certificate in Nonprofit Management.
1/22/16
Certificate of course completion will be e-mailed to Board with weekly update.
EC3 Board Minutes: January 2016 - Page 6
Complete the MNA’s MindEdge course on “Social Media for Nonprofits.”
Supporting EC3’s development efforts; required for Certificate in Nonprofit Management.
1/29/16
Certificate of course completion will be e-mailed to Board with weekly update.
Identify grant worth applying for.
Funding a portion of EC3’s program or mission.
1/29/16
Names and descriptions for the grant prospect(s) will be e-mailed to Board with weekly update.
Complete the MNA’s MindEdge course on “Leadership in a Nonprofit Organization.”
Supporting EC3’s development efforts; required for Certificate in Nonprofit Management.
2/5/16
Certificate of course completion will be e-mailed to Board with weekly update.
Complete the MNA’s MindEdge course on “Nonprofit Board and Volunteer Development.”
Supporting EC3’s development efforts; required for Certificate in Nonprofit Management.
2/12/16
Certificate of course completion will be e-mailed to Board with weekly update. Assuming successful completion of all courses, the credential will be awarded at this time.
Meeting with Wendy Hofman, Head of School, Lansing Christian School
Understanding how LCS went about its strategic planning and visioning, and how development was factored in; learning how LCS uses its Board of Directors.
2/19/16
Discussion summary will be e-mailed to Board with weekly update.
Meeting with Betsy Stover, Founder of Ele’s Place, and/or Dan Layman, Managing Director of Lansing Ele’s Place
Understanding how Ele’s Place developed and presented its case for donations to local corporations; learning how Ele’s Place uses its Board of Directors.
2/26/16
Discussion summary will be e-mailed to Board with weekly update.
EC3 Board Minutes: January 2016 - Page 7
EC
3 Operational P
lan (FY2015-16)
Initial Oversight/Monitoring
OctoberNovem
berDecem
berJanuary
FebruaryMarch
AprilMay
JuneJuly
AugustSeptem
ber
Full BoardBOD Annual Meeting (Officer Ratification)
Review Annual Report
Teacher Appreciation Month
Approve final budget
Elect BOD Officers
Executive Comm
itteePrepare for ED's evaluation
Deliver ED's evaluation
Review strategic plan
Solicit officer nominations
Collect data for ED's evaluation
Program Com
mittee
Review data from parent satisfaction survey(s)
Finance & Facilities Com
mittee
Volunteer eventFinancial audit report
Review IRS Form 990 (completed by auditors)
Volunteer eventVolunteer event
Development &
Marketing Comm
itteePrep for Board-challenge fundraiser
Conduct Board-challenge fundraiser
Prep for auction
Prep for auctionPrep for auction
Auction
Review data from parent satisfaction survey(s)
Review Annual Report
EC3 Management Team
Internal CAUW
campaignLicensing: annual report
Licensing: annual report & inspection
Licensing: inspection
Collect tuition & salary data on competitors
Staff evaluations
Staff evaluationsPresent final budget to Board
Conduct parent satisfaction survey(s)
Auction prepAuction prep
Auction prepAuction prep
Financial audit fieldwork
Compile Annual Report
Produce/distribute Annual Report
Plan for summer camp
Prepare budget draft
Present budget draft to FFC & Board
Update Parent Handbook (if needed) and notify parents
Accreditation: annual report
EC3 Teachers/StaffHalloween parties
Parent-teacher conferences
Christmas partiesStudent transitions
Valentine's parties
Reading monthParent-teacher conferences
Student transitions
Summer camp begins
Meet-the-Teacher nights (preschool) Student
transitions
CPR/First Aid training
In-service trainingIn-service training
EC3 Program Liaison
School Selection Expo
Drop & ShopFamily fun event
Great Start reportSubmit CAUW
Combined Campaign report
AuctionKindergarten readiness forum
GraduationFamily fun event
Collect family info forms
Prep for auction
Prep for auction
P:\E
C3 G
overnance\EC
3 Operational P
lanU
pdated 1/5/2016
EC3 Board Minutes: January 2016 - Page 8
Program Committee Minutes
January 12, 2016 Present: Angie Mendenhall, Ada Scott, Christina Young, Brad Baron, Rachel Mangiavellano, Julie Douglas, Lauren Gewirtz, Ryan Roberts, Betsy Clinton Absent: Wanda Esch
1. Annual Report – The Program Committee discussed possible additions they could make to EC3’s Annual Report. After reviewing past reports, it was decided to:
• Provide a section on curriculum and assessment that was not in “teacher talk”, but focused on how this prepared children for their future in elementary school.
• Recommended a location parents can be referred to if they want more details. (I.e., “If you want to know more about Creative Curriculum, the office has sample materials to look through.” Or send parents to a link to our web site or to the Creative Curriculum site.
• Add small, bite-size items about the curriculum to weekly/classroom newsletters. (I.e., “Did you notice numbers on recent lesson plans?)
• Additional personal reflections from a parent and a teacher could also be added.
2. Mentoring program – While revisiting a past topic, we discussed
techniques for having new staff monitor their own skills development using a check-list to assure that the full range of training topics are completed within the early weeks of employment.
EC3 Board Minutes: January 2016 - Page 9
Development & Marketing Committee Meeting
Report January 13, 2016
Present: Brad Barron, Katie Carey, Matt Resch, Lis Weston (staff), Stephanie Winslow
Absent: n/a
Review Draft Fundraising Plan n Lis Weston presented the first draft of EC3’s strategic development and fundraising plan to
the committee (attached to ExCom report). The plan incorporates her own professional development goals and is also being overseen by the Executive Committee.
n After discussing the tuition round-up method of growing the Building Blocks Fund, Matt Resch suggested that each family be given a form with the suggested round-up amount, so they can learn more about the fund and begin paying for a brick on the commemorative wall. Lis Weston agreed to try it.
n The committee discussed several ideas for fundraising through events, but no decisions were made.
Review of 2015 Auction Documents; Discussion of 2016 Plan n The committee reviewed last year’s auction data, survey results, and lessons learned. n This year’s auction is scheduled for Friday, April 22nd. n Lis Weston will draft the 2016 auction calendar/schedule and get it to the committee before
month-end, along with lists of donors and specific assignments for Board members.
Next meeting: Wednesday, February 10, 2016, 5:00 p.m.
EC3 Board Minutes: January 2016 - Page 10
Finance & Facilities Committee Meeting Report
January 11, 2016 Present: Brad Barron, Jasmine Brown-Moreland, Cameron Cichocki, Peter Cunningham, Steve Purchase, Lis Weston (staff)
Absent: n/a
Summary of Financial Position for October – December 2015 (Q1) n The first quarter showed a financial net decrease, as expected, due to the enrollment drop
after summer camp and pre-k transitions. However, a significant portion of the reported net decrease was due to timing issues: � There were seven payroll cycles over the three-month period, inflating the wage expense
by approximately $36,000. n Current ratio on December 31st was 0.01; today it is 0.3—still poor, but not dismal. n Payroll liabilities reserve payments were made on all three of the payroll cycles in December;
for the quarter, five out of seven payments were made. n Payables continue to mount: � $7,000 worth of 90+ days AP � $3,000 worth of 31-90 days AP � $6,500 worth of 1-30 days AP � $8,000 worth of current AP
n Receivables are mostly current, with the exception of three accounts in arrears. The total balance from these three accounts is nearly $22,000; all three accounts are being paid down (i.e., none will be written off as uncollectable).
Other Financial Matters n MSUFCU will be submitting estimates this week for assuming EC3’s mortgage and line of
credit, to determine if their rates are favorable compared to Bank of America. n SSB Bank (EC3’s current mortgage lender) will be submitting an estimate this week for
assuming EC3’s line of credit, to determine if their rate is favorable compared to Bank of America.
Next meeting: Monday, February 8, 2016, 12:00 p.m.
EC3 Board Minutes: January 2016 - Page 11
Oct - Dec 15 Budget Oct - Dec 15 YTD Budget Annual Budget
Ordinary Income/ExpenseIncome
Donations 24,276.83 9,000.00 24,276.83 9,000.00 36,000.00Fundraising Income 205.00 8,749.98 205.00 8,749.98 35,000.00Interest 0.39 1.23 0.39 1.23 5.00Other Income 3,304.46 4,212.48 3,304.46 4,212.48 16,850.00Tuition and Fees 244,599.02 314,024.04 244,599.02 314,024.04 1,302,608.00
Total Income 272,385.70 335,987.73 272,385.70 335,987.73 1,390,463.00
ExpenseBanking 4,649.90 6,124.98 4,649.90 6,124.98 24,500.00Cleaning 323.32 2,000.01 323.32 2,000.01 8,000.00Depreciation Expense 6,999.99 6,999.99 6,999.99 6,999.99 28,000.00Fundraising Expense 264.22 3,000.00 264.22 3,000.00 12,000.00Information Technology 2,256.21 2,199.99 2,256.21 2,199.99 8,800.00Insurance 2,159.83 4,250.01 2,159.83 4,250.01 17,000.00Marketing and Advertising 1,077.87 875.01 1,077.87 875.01 3,500.00Medical Insurance Premiums 23,214.12 21,260.49 23,214.12 21,260.49 85,042.00Occupancy 3,348.11 3,300.00 3,348.11 3,300.00 13,200.00Office Supplies 1,539.89 1,362.48 1,539.89 1,362.48 5,450.00Payroll Expenses 1,601.40 1,609.50 1,601.40 1,609.50 6,438.00Payroll Taxes 21,425.51 25,216.74 21,425.51 25,216.74 100,867.00Professional Fees 0.00 1,500.00 0.00 1,500.00 6,000.00Program Equipment and Supplies 8,676.59 8,374.98 8,676.59 8,374.98 33,500.00Program Food 8,686.17 8,749.98 8,686.17 8,749.98 35,000.00Property Maintenance & Repair 3,956.39 6,599.97 3,956.39 6,599.97 26,400.00PTO Expense 1,736.17 2,362.26 1,736.17 2,362.26 9,449.00Reconciliation Discrepancies -6.48 0.00 -6.48 0.00 0.00Regulatory Fees and Expenses 0.00 249.99 0.00 249.99 1,000.00Staff Development 2,000.55 1,676.76 2,000.55 1,676.76 6,707.00Uncategorized Expenses -176.80 0.00 -176.80 0.00 0.00Utilities 8,511.44 10,125.03 8,511.44 10,125.03 40,500.00Wages - Directors and Adm/Cust 44,479.19 42,495.00 44,479.19 42,495.00 169,980.00Wages - Teachers and Support 187,749.07 181,058.49 187,749.07 181,058.49 724,234.00
Total Expense 334,472.66 341,391.66 334,472.66 341,391.66 1,365,567.00
Net Ordinary Income -62,086.96 -5,403.93 -62,086.96 -5,403.93 24,896.00
Net Income -62,086.96 -5,403.93 -62,086.96 -5,403.93 24,896.00
10:59 AM Educational Child Care Center01/11/16 Profit & Loss Budget PerformanceAccrual Basis October through December 2015
Page 1
EC3 Board Minutes: January 2016 - Page 12
Dec 31, 15 Dec 31, 14 $ Change % Change
ASSETSCurrent Assets
Checking/SavingsChecking 4,749.43 -196.00 4,945.43 2,523.2%Master Savings 7,087.25 1,611.51 5,475.74 339.8%MSUFCU Checking-1 6.00 0.00 6.00 100.0%Payroll Liabilities Checking 937.89 391.45 546.44 139.6%Petty Cash 35.02 36.66 -1.64 -4.5%Undeposited Funds 176.80 0.00 176.80 100.0%
Total Checking/Savings 12,992.39 1,843.62 11,148.77 604.7%
Accounts ReceivableAccounts Receivable -21,725.66 9,450.08 -31,175.74 -329.9%
Total Accounts Receivable -21,725.66 9,450.08 -31,175.74 -329.9%
Other Current Assets*Undeposited Funds 1,098.90 6,566.00 -5,467.10 -83.3%Prepaid Expenses 8,516.15 8,516.15 0.00 0.0%
Total Other Current Assets 9,615.05 15,082.15 -5,467.10 -36.3%
Total Current Assets 881.78 26,375.85 -25,494.07 -96.7%
Fixed AssetsAcc. Dep. - Bldg. Improvements -9,975.00 -5,148.37 -4,826.63 -93.8%Accumulated Depr-Furniture -109,572.00 -99,946.41 -9,625.59 -9.6%Accumulated Depr - Building -91,476.95 -80,564.99 -10,911.96 -13.5%Building and Grounds 385,912.00 370,247.00 15,665.00 4.2%Building Improvements 93,833.80 92,782.15 1,051.65 1.1%Furniture and Equipment 181,671.94 171,152.33 10,519.61 6.2%
Total Fixed Assets 450,393.79 448,521.71 1,872.08 0.4%
TOTAL ASSETS 451,275.57 474,897.56 -23,621.99 -5.0%
LIABILITIES & EQUITYLiabilities
Current LiabilitiesAccounts Payable
Accounts Payable 25,491.46 9,745.21 15,746.25 161.6%
Total Accounts Payable 25,491.46 9,745.21 15,746.25 161.6%
Credit CardsHome Depot 33.98 0.00 33.98 100.0%Line of Credit 47,969.22 48,344.94 -375.72 -0.8%Staples 189.51 184.80 4.71 2.6%
Total Credit Cards 48,192.71 48,529.74 -337.03 -0.7%
Other Current LiabilitiesAccounts Payable - Auditors -53.25 -53.25 0.00 0.0%Accrued PTO 10,879.35 10,879.35 0.00 0.0%Deferred Revenue 12,170.57 12,170.57 0.00 0.0%Direct Deposit Liabilities -521.15 -521.15 0.00 0.0%Insta-Charge Payment -987.40 0.00 -987.40 -100.0%Payment -541.11 -541.11 0.00 0.0%Payroll Liabilities 29,723.44 33,997.09 -4,273.65 -12.6%Tuition Refund 1,341.70 941.00 400.70 42.6%
Total Other Current Liabilities 52,012.15 56,872.50 -4,860.35 -8.6%
Total Current Liabilities 125,696.32 115,147.45 10,548.87 9.2%
Long Term LiabilitiesBuilding Mortgage 237,555.73 253,775.83 -16,220.10 -6.4%Lighting Equipment Lease 3,753.64 7,153.00 -3,399.36 -47.5%
Total Long Term Liabilities 241,309.37 260,928.83 -19,619.46 -7.5%
Total Liabilities 367,005.69 376,076.28 -9,070.59 -2.4%
11:01 AM Educational Child Care Center01/11/16 Statement of Financial PositionAccrual Basis As of December 31, 2015
Page 1
EC3 Board Minutes: January 2016 - Page 13
Dec 31, 15 Dec 31, 14 $ Change % Change
EquityOpening Balance Equity 69,866.81 111,412.83 -41,546.02 -37.3%Unrestricted Net Assets 76,490.03 6,261.19 70,228.84 1,121.7%Net Income -62,086.96 -18,852.74 -43,234.22 -229.3%
Total Equity 84,269.88 98,821.28 -14,551.40 -14.7%
TOTAL LIABILITIES & EQUITY 451,275.57 474,897.56 -23,621.99 -5.0%
11:01 AM Educational Child Care Center01/11/16 Statement of Financial PositionAccrual Basis As of December 31, 2015
Page 2
EC3 Board Minutes: January 2016 - Page 14
Oct - Dec 15
OPERATING ACTIVITIESNet Income -62,086.96Adjustments to reconcile Net Incometo net cash provided by operations:
Payroll Expenses 1,601.40Accounts Receivable 60,040.21Accounts Receivable - Auditors 10,310.00Prepaid Expenses -6,334.33Accounts Payable 1,149.60Home Depot -33.70Line of Credit 8,787.13Staples -383.80Payroll Liabilities -16,925.85Accounts Payable - Auditors 4,908.90Accrued PTO -609.22Deferred Revenue 3,208.50Payment -541.11Tuition Refund 66.30
Net cash provided by Operating Activities 3,157.07
INVESTING ACTIVITIESFurniture and Equipment -574.94Acc. Dep. - Bldg. Improvements 825.00Accumulated Depr-Furniture 3,600.00Accumulated Depr - Building 2,574.99Building Improvements -3,221.80
Net cash provided by Investing Activities 3,203.25
FINANCING ACTIVITIESBuilding Mortgage -4,148.89Lighting Equipment Lease -849.84
Net cash provided by Financing Activities -4,998.73
Net cash increase for period 1,361.59
Cash at beginning of period 12,729.70
Cash at end of period 14,091.29
11:32 AM Educational Child Care Center01/11/16 Statement of Cash Flows
October through December 2015
Page 1
EC3 Board Minutes: January 2016 - Page 15
Current 1 - 30 31 - 60 61 - 90 > 90 TOTAL
Adna Technologies 378.00 378.00 0.00 0.00 0.00 756.00American Funds 0.00 304.61 0.00 0.00 0.00 304.61Bank of America 0.00 0.00 0.00 0.00 -682.73 -682.73Board of Water & Light 53.68 0.00 0.00 0.00 0.00 53.68Boynton Fire & Safety Service 0.00 35.00 0.00 0.00 0.00 35.00Capitol Mat Service 40.00 40.00 0.00 0.00 0.00 80.00City of Lansing 25.00 25.00 0.00 0.00 0.00 50.00Comcast 265.43 0.00 0.00 0.00 0.00 265.43Consumers Energy 1,093.22 0.00 0.00 0.00 0.00 1,093.22Discount School Supplies 84.69 0.00 0.00 0.00 0.00 84.69Enerco Corporation 220.00 220.00 0.00 0.00 0.00 440.00Granger 98.80 0.00 0.00 0.00 0.00 98.80H. K. Allen Paper Company 129.50 206.50 278.22 0.00 0.00 614.22Home Depot 876.44 0.00 0.00 0.00 0.00 876.44Home Dimensions LLC 0.00 3,221.80 0.00 0.00 0.00 3,221.80Lansing Sanitary Supply 305.50 927.26 823.19 0.00 0.00 2,055.95Len's 0.00 0.00 0.00 2,013.00 0.00 2,013.00Lifetouch Pictures 0.00 0.00 0.00 0.00 -34.00 -34.00McNamara's Mechanical Heating & Cooling 0.00 0.00 0.00 0.00 7,036.00 7,036.00Michigan.com 581.42 0.00 0.00 0.00 0.00 581.42Minuteman 0.00 145.00 0.00 0.00 0.00 145.00Otis Elevator Company 0.00 636.48 0.00 0.00 0.00 636.48R.M. Electric Inc. 0.00 184.82 0.00 0.00 0.00 184.82Redhead Design Studio 35.00 35.00 0.00 0.00 0.00 70.00Rose Pest Solutions 55.00 0.00 0.00 0.00 0.00 55.00SSB Bank 2,499.00 0.00 0.00 0.00 0.00 2,499.00T.E.A.C.H. Early Childhood Michigan 49.80 0.00 0.00 0.00 0.00 49.80TransFirst 560.00 0.00 0.00 0.00 0.00 560.00UNIFI EQUIPMENT FINANCE 283.28 0.00 0.00 0.00 0.00 283.28VidCom 89.85 0.00 0.00 0.00 0.00 89.85
TOTAL 7,723.61 6,359.47 1,101.41 2,013.00 6,319.27 23,516.76
11:05 AM Educational Child Care Center01/11/16 A/P Aging Summary
As of January 11, 2016
Page 1
EC3 Board Minutes: January 2016 - Page 16
01/11/201610:53 AM1Page:
Time:Date:
Educational Child Care Center (EC3)As of 12/31/2015
Ledger Name Balance 1 - 30 31 - 60 61 - 90 91+
Family LedgersInclude:
Aging Report Summary
$0.00$8,869.25 $422.00 $844.00 $7,603.25Eschtruth, Marriah$408.00$3,950.24 $612.00 $612.00 $2,318.24Flahie, Misty$150.00$150.00 $0.00 $0.00 $0.00Freeman, Jacqueline
$20.00$20.00 $0.00 $0.00 $0.00Hansen, Casey$200.00$200.00 $0.00 $0.00 $0.00Parker, Lisa$510.00$510.00 $0.00 $0.00 $0.00Rokey, Kaitlyn$844.00$1,343.00 $499.00 $0.00 $0.00Staley, Aaron
$1.70$1.70 $0.00 $0.00 $0.00Szczubelek, Frances$140.41$140.41 $0.00 $0.00 $0.00Vulgaris, Rachel E
$1,864.00$8,940.30 $1,864.00 $1,867.00 $3,345.30Wojnaroski, Kendra$588.80$588.80 $0.00 $0.00 $0.00Young, Yoshaum
$13,266.79$3,323.00$3,397.00$4,726.91$24,713.70Totals
EC3 Board Minutes: January 2016 - Page 17