1
AGC OF WASHINGTON BOARD OF TRUSTEES RETREAT June 5, 2015, 8:30 AM – 2:30 PM
AGC Conference Center, 2nd floor, Seattle, Washington
PURPOSE OF MEETING: To conduct the business affairs and establish policies of the association. DESIRED OUTCOMES:
Consensus on AGCWA’s strategic direction. Consensus on AGCWA’s 10-year capital improvement plan Consensus on recommended reserve allocations
AGENDA
8:30 AM Continental Breakfast, AGC Conference Center 9 - 10 AM CALL TO ORDER – President Gary Smith TAB INTERACTIVE DISCUSSION / ACTION
1. AGC’s 10-year capital budget – Dave D’Hondt (10 min.) 1 2. Recommended AGC reserves allocations – Mark Seaman (10 min.) 2 3. AGCWA Endowment recommended to AGC Education Foundation - Smith (5 min.) 4. Approval of May/June Membership reports – Gary Smith (5 min.) 3
STRATEGIC REVIEW / PLANNING (30 min.)
1. Financial / Retro 2. Membership 3. Government Affairs 4. Properties 5. Technology 6. AGC Education Foundation 7. Safety 8. Staff Succession Planning 9. Gen Y
10 AM – 12 Noon INTERACTIVE DISCUSSION / ACTION (CONTINUED)
1. “Knowing Y for Strategic Planning,” (90 min.) 4 live webinar presented by Sarah Sladek, CEO XYZ University
2. Four Questions from Sarah Sladek (30 min.)
12 Noon Buffet lunch (30 min.)
3. Four Questions continued (30 min.) 4. Review Current BHAGs (45 min.) 5
OTHER BUSINESS
1. Loan payoff recommended approval & check signing – Gary Smith / Mark Seaman (15 min.)
2:30 PM ADJOURN
TAB 1
H:\Acctg\6. Building & Marina\7. 10 Year Captial Budgets & Cash Flow & Tenant Improvement Budget\1. 10 Capital Budget Building & Marina\1. AGC 10 year cap ex 2015-2024 - Feb 2015
For Internal Use OnlyLEGEND
CompletedNew ProjectReplaced / Revised Cost Projection
Actual Actual Actual Actual Actual Budget Projected Projected Projected Projected Projected Projected Projected Projected Projected 2015-2024Building Component 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TOTAL
1. 'Roof Surfaces:Main Building Roof Replacement-Completed 2003 260,000Annex Building Roof 25,000Yacht Sales Building Roof - Completed 2009Subtotal - Roof Surfaces 0 0 0 0 0 0 25,000 0 0 0 0 0 0 260,000 0 285,000$
2. Plumbing:Replace Outside Fountain Pumps & Manifold 7,836 7,296Water Deduct Meters - Completed 2014 7,027Back Flow Valve InstallationReplace Water Heater 5,000Replace Backflow device on Fire Main 50,000Subtotal-Plumbing 0 0 7,836 7,296 7,027 0 0 5,000 50,000 0 0 0 0 0 0 55,000$
3. ElectricalBreaker ID and Clean upUpgrade Tower Lobbies Lighting to LED - 3 - 10 flrs 30,000Generator Upgrade 5,203Replace Building Generators 35,000Subtotal - Electrical 0 0 0 0 0 0 0 35,000 0 0 0 0 0 0 35,000$
4. Elevators:Elevator Remodel / Control UpgradesElevator Repairs / Seismic SensorElevator - Rebuild Air Conditioning - 2012 22,582Elevator Cabs - Interior - 2012/13 5,633 11,178Subtotal - Elevators 0 0 28,215 11,178 0 0 0 0 0 0 0 0 0 0 0 -$
5. HVAC:Rebuild Small Chiller - 2010/11 22,382 30,523Rebuild Large ChillerMain FanBoiler RepairReplace Cooling Tower 250,000Replace Boiler 120,000Suite Thermostat Upgrades 125,000Rebuild HVAC Economizers 50,000Primary Chilled Water Pump for Large chiller - 2010 9,271Replace Building HVAC Control System - 2014 115,106Subtotal - HVAC 31,653 30,523 0 0 115,106 0 0 0 175,000 250,000 120,000 0 0 0 0 545,000$
6. Building Interiors:1st Floor Ceiling Tiles 10,0002nd Floor Ceiling Tiles 40,000AGC Suite 301 - Relocation 78,303AGCEF Suite 100 - Relocation 19,910Replace Slider Doors on 1st & 2nd Floors 100,000Digital Directories - 1st & 2nd Floors 0 8,000 8,000Remake As-Built Floor Plans for Building Suites 15,418Upgrade 2nd Floor Restaurant Space 475,000Upgrade 2nd Floor Restrooms 109,660Upgrade 1st Floor Restrooms 10,4251st and 2nd Lobby Design Work 50,0001st Floor Lobby Upgrade 75,0002nd Floor Lobby Upgrade 75,000Security System - Elevator and StairsWestlake Room2nd Floor Residual Space / Commons Room 65,725Renovate Restrooms 88,936 100,240 70,000Restroom - First Floor - Showers 21,083Replace Lobby Drinking Fountains 3-10 4,322
Subtotal - Building Interiors 19,740 660,810 88,936 21,083 198,453 220,000 133,000 83,000 0 0 0 0 0 0 0 436,000$
7. Fire Life Safety & SecurityVideo Cameras 18,000ADA Railings 5,617Upgrade DSX Security SystemStairwell Locksets 5,727 5,727Stairwell Egress MarkingsFire Box / Hose Upgrade and Standpipe Testing 6,562Subtotal - Fire and Safety 6,562 0 0 0 11,344 23,727 0 0 0 0 0 0 0 0 0 23,727$
8. Piers & Pillings:Hose Bib UpgradeEast Face Dock BoardsReplace Dock Decking. 90,166 80,432 86,599 92,342 95,000Bldg. Piling Repairs / Maint. 60,412 387,109A & D Dock Utility Upgrade, Dock C Ramp RepairRepair / Replace dock water piping Electrical Meter Upgrades 10,079Moorage Roof Removal (Code Upgrade) 200,000 50,000Subtotal - Piers & Pilings 0 90,166 80,432 147,011 489,530 0 0 200,000 50,000 95,000 0 0 0 0 0 345,000$
9. Parking Lot:Re-surface & repair Underground & Lower Parking Lot 22,266Parking Computer Replacement / Automation 12,826 100,932Underground Parking - Sealcoat & RestripeFence / Stairs between south parking lots 10,024Reseal & Stripe Tandem parking 0 10,729Parking Lot Development Study 23,000
Subtotal - Parking Lot 12,826 33,729 100,932 10,024 22,266 0 0 0 0 0 0 0 0 0 0 -$ = Actual Cost
10. Structural Repairs:Foundation Repairs-Harborside DeckParking Deck Engineering and Repair
AGC Building & Marina Ten Year Capital Improvement ScheduleProjected 2015 to 2024
H:\Acctg\6. Building & Marina\7. 10 Year Captial Budgets & Cash Flow & Tenant Improvement Budget\1. 10 Capital Budget Building & Marina\1. AGC 10 year cap ex 2015-2024 - Feb 2015
For Internal Use OnlyLEGEND
CompletedNew ProjectReplaced / Revised Cost Projection
Actual Actual Actual Actual Actual Budget Projected Projected Projected Projected Projected Projected Projected Projected Projected 2015-2024Building Component 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 TOTAL
AGC Building & Marina Ten Year Capital Improvement ScheduleProjected 2015 to 2024
Subtotal - Structural Repairs 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -$
11. Exterior Surfaces:Exterior South Walkway 283,201Wndow Film 9,528 200,000Renovate Marina Restrooms 10,471Paint / Renovate Annex Building (Outside) 7,000 40,000Yacht Building Exterior - Replace siding and paint 50,0003rd Floor Deck 20,000Seal/Paint Exterior 1200 Building Surfaces 215,881 240,000Subtotal-Exterior Surfaces 283,201 0 215,881 19,999 0 200,000 70,000 0 0 40,000 0 240,000 0 0 550,000$
12. Lighting Upgrades:Floors 1,2,3Floors 3 -7Floors 8 - 10First FloorAGC Building Letters - Light upLED Lights - all lobbies 30,000Replace Shell Light Canopies 30,000Subtotal - Lighting Upgrades 0 0 0 0 0 0 0 0 30,000 0 30,000 0 0 0 0 60,000$
13. Special Exterior Paint IssueRefurbish and Paint Building's Gold AGC Letters 15,706Subtotal Special Issue 15,706 -$
14. Legal:ContingencySubtotal - Legal 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -$
15. Ceiling Grid Replacement 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 -$
16 Southern District - Fife Building Paint Fife Building 40,000 Fife Building - Roof 55,000 Fife - Seal / Stripe Parking 10,000 Fife Building TI's - AGC / Tenants 112,948 68,917 30,000
Subtotal - Southern Dist. Building 112,948 68,917 0 0 30,000 65,000 0 0 40,000 0 0 0 0 0 0 105,000$
17 Projects to be Determined 0 0 0 210,000 400,000 160,000 140,000 400,000 1,310,000$
Capital Improvements 482,636 884,146 522,232 216,591 873,726 308,727 358,000 358,000 380,000 345,000 400,000 400,000 400,000 400,000 400,000 3,749,727$
Subtotal - Cap. Imp 482,636 884,146 522,232 216,591 873,726 308,727 358,000 358,000 380,000 345,000 400,000 400,000 400,000 400,000 400,000 3,749,727$
18 Tenant Improvements- AGC Building 205,652 138,705 48,306 174,917 135,750 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 125,000 1,250,000$ Tenant Improvements- Yacht Building 11,678Comm Real Estate Leasing Fees 88,676 40,271 6,973 71,265 85,637 80,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 530,000$
Subtotal - 306,006 178,976 55,279 246,182 221,387 205,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 1,780,000$
19 Replenish Reserve Fund 50,000 -$ Loan Principal Payments 52,355 68,689 75,476 27,000 0 0 0 0 0 0 0 0 0 27,000$
Other Capital Costs Building & Marina 2000-2004
Total Annual Capital Costs - Building/Marina 788,642$ 1,063,122$ 679,866$ 531,462$ 1,170,589$ 540,727$ 533,000$ 533,000$ 555,000$ 520,000$ 575,000$ 575,000$ 575,000$ 575,000$ 575,000$ 5,556,727$
AGC Capital Costs 5,475 21,729 54,803 86,595 138,107 110,000 104,500 104,500 104,500 104,500 104,500 104,500 104,500 104,500 104,500 1,050,500$
Total 794,117$ 1,084,852$ 734,669$ 618,057$ 1,308,696$ 650,727$ 637,500$ 637,500$ 659,500$ 624,500$ 679,500$ 679,500$ 679,500$ 679,500$ 679,500$ 6,607,227$
Less Annual Depreciation / Amortization 675,722 659,717 668,003 639,077 670,714 675,000 675,000 675,000 675,000 675,000 675,000 675,000 675,000 675,000 675,000 6,750,0002015-2024 Cash Under / Over Deprec 142,773
Add - Actual / Project. Net Oper. Income / (Loss) 90,576 219,931 583,602 419,944 667,336 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000 10,000766,298$ 879,648$ 1,251,605$ 1,059,021$ 1,338,050$ 685,000$ 685,000$ 685,000$ 685,000$ 685,000$ 685,000$ 685,000$ 685,000$ 685,000$ 685,000$
Surplus / Deficit Balance (negative balance requires add. cash reserves) ($27,819) ($205,204) $516,936 $440,964 $29,354 $34,273 $47,500 $47,500 $25,500 $60,500 $5,500 $5,500 $5,500 $5,500 $5,500
Add - Loan Proceeds
Add - Sale Proceeds from Tacoma BuildingAdd - Distribution to/from Reserves 475,000$ Ending Balance (Deficit) ($27,819) $269,796 $516,936 $440,964 $29,354 $34,273 $47,500 $47,500 $25,500 $60,500 $5,500 $5,500 $5,500 $5,500 $5,500 $242,773
LEGENDCompletedNew Project Added 6,607,227$
Revised Cost Projection
AGC Capital Projects Policy: Add Ten Year Overall Surplus (Deficit) 242,773Project costs of $50,000 and above require three (3) bids and may require use of a consultant to prepare project specifications for bidding. 3.7%
Building & Marina - Grand Total
TAB 2
Page 1
Proposed Jun-15 RESERVE RESERVEEQUITY EQUITY
CALCULATION CALCULATION12/31/2014 CHANGE 12/31/2013
Estimated Available Reserve Equity as of 12/31/14
Based on Audited Financial Statements as of 12/31/14
Current Assets: Current Assets: Cash and Cash Equivalents 2,823,728 2,598,966 Cash and Cash Equivalents Accounts Receivable 145,406 99,046 Accounts Receivable Prepaid Expenses 200,347 148,797 Prepaid Expenses
12/31/14 Total Current Assets 3,169,481 2,846,809 12/31/13 Total Current Assets
12/31/14 Long term Investments 2,236,072 2,111,608 12/31/13 Long term Investments
12/31/14 Current Assets and Long Term Investments 5,405,553 447,136 4,958,417 12/31/13 Current Assets and Long Term Investments
Current Liabilities: Current Liabilities Accounts Payable (399,370) (403,545) Accounts Payable Accrued Expenses (86,208) (84,407) Accrued Expenses Deferred Income (1,218,444) (923,433) Deferred Income Current Portion of Long-term debt (78,779) (75,445) Current Portion of Long-term debt Current Portion of Lease Payable (5,798) (5,283) Current Portion of Lease Payable Grant Payable 0 (10,000) Grant Payable Tenant Deposits (190,764) (164,811) Tenant Deposits
12/31/14 Total Current Liabilities (1,979,363) 3,426,190 (312,439) 3,291,493 (1,666,924) 12/31/13 Total Current Liabilities
Adjustments - Projected Liabilities Adjustments - Projected Liabilities
2014 Capital Expenditures Budgeted 2013 Capital Expenditures (Budgeted)0
Tenant Improvements / Leasing Fees (125,000) (155,000) Tenant Improvements / Leasing Fees Fife Building - Roof Replacement (55,000) (110,000) Building Control System Renovate Restrooms, 2 Floors (70,000) (100,000) Renovate Restrooms, 3 Floors Stairwell Lock Upgrade (5,727) (56,000) Parking Lot / ADA Railings Video Security System (18,000) (90,000) Replace Dock Decking - D dock Generator Upgrade (5,203) (25,000) Auto Server / Computer Upgrade (14,500) (10,000) Server / Computer Upgrade Broker Lease Commissions (80,000) (35,000) Broker Lease Commissions Database (90,000) (120,000) Database Debt Service (78,000) (76,000) Debt Service Replace 1st and 2nd Floor Slider Doors (100,000) (475,000) Building Piling Wrap Building Savings (400,000) (200,000) Building Savings
12/31/14 Depreciation 686,382 584,586 Depreciation 12/31/1312/31/14 Tenant Deposits 190,764 (164,284) 538,319 (702,603) 164,811 Tenant Deposits 12/31/13
Subtotal 3,261,906 2,588,890 Subtotal
Estimated Available Reserve Equity 3,000,000 500,000 2,500,000 Estimated Available Reserve Equity
AGC 2015 BOARD DESIGNATED RESERVE EQUITY
AGC Calculation (per Balance Sheet) - Reserve Equity
AGC 2015 Reserve Equity Funds Allocation
Page 2
Proposed Jun-15 RESERVE RESERVEEQUITY EQUITY
CALCULATION CALCULATION12/31/2014 CHANGE 12/31/2013
AGC 2015 BOARD DESIGNATED RESERVE EQUITY
AGC Calculation (per Balance Sheet) - Reserve Equity
Proposed allocation of the three Reserve Equity Pools: Approved allocation of the three Reserve Equity Funds:
1.100,000 100,000
1.
2.840,000 420,000 420,000
2.
50% 2014 Budgeted Dues $1,675,000 25% of 2013 Budgeted Dues $1,675,000
3. 3.
a. 270,000 270,000 a.2014 Budgeted Revenue (Build/Marina): $3,586,187 2013 Budgeted Revenue (Build/Marina): $3,577,445
b. 12/31/14 Tenant Deposits 190,764 164,811 b. 12/31/13 Tenant Deposits
c. Capital Investments (Building/Tenant improvements above budget) 100,000 100,000 c. Capital Investments (Building/Tenant improvements above budget)
d. 10 Year Targeted Capital Improvements * 1,090,000 1,040,000 * d. 10 Year Targeted Capital Improvements
e. Building Savings 400,000 200,000 e. Building Savings
4 Unallocated Reserve Equity 0 200,000 4 Unallocated Reserve Equity
Subtotal Plant & Equipment Reserves & Unallocated 0.687 2,060,000 80,000 1,980,000 0.792 Subtotal Plant & Equipment & Unallocated
12/31/14 Total Designated Reserve Equity Pools (alloc. Equity) Equity Reserve 3,000,000 500,000 2,500,000 Equity Reserve 12/31/13 Total Designated Reserve Equity Funds (alloc. Equity)- -
Board Designated Minimum Reserve - 30% of Budgeted Annual Revenues or Earthquake Deductible, 30% $6,174,933 1,852,480 1,782,981 $5,943,271 30% Board Designated Minimum Reserve - 30% of Budgeted Annual Revenues or Equake Deductible,whichever is greater (per AGC Board policy) whichever is greater (per AGC Board Policy)
Minimum Reserve - Earthquake Deductible 5% of $40MM 2,000,000 2,000,000 Earthquake Deductible 5% of $40MM
10 Year Proposed Capital ImprovementsInvest Account 2,300,000 2,100,000
10 Year Projected Funds Available 6,750,000 Building Savings 400,000 200,00010 Year Projected Annual Capital Costs 6,607,000$ Total Reserve 2,700,000 2,300,000
2015 to 2024 Net capital funds surplus / (deficit) 143,000
Plant & Equipment Reserve - provide adequate resources to maintain and replace real property assets and equipment (Cap 50% of reserves)
Plant & Equipment Reserve - provide adequate resources to maintain and replace real property assets and equipment (Cap 50% of reserves)
7.5% Decline in budgeted revenue (Build/Marina - unanticipated vacancies/lower rental rates) 7.5% Decline in budgeted revenue (Build/Marina - unanticipated vacancies/lower rental rates)
(note: earthquake insurance deductible (5% of $40 million) is $2.05 Million, minimum deductible for flood and other perils is $100K)
(note: earthquake insurance deductible (5% of $37.5 million) is $1.9 Million, minimum deductible for flood and other perils is $100K)
2015 to 2024
Special Projects Reserve - financial support for special issues that are beyond the means of the annual operating budget
Special Projects Reserve - financial support for special issues that are beyond the means of the annual operating budget
Operations Reserve - to protect the associations operations against unforeseen economic emergencies
Operations Reserve - to protect the associations operations against unforeseen economic emergencies
AGC Allocation ( 3 Pools) - Reserve Equity
AGC 2015 Reserve Equity Funds Allocation
Page 1 of 2
For Internal Use Only
AGC 2015 April Financial Notes Net Operating Income – see Consolidated Statement of Operations (Page 9) As of April 30, 2015 the Net Operating Income (NOI) equals $1.20 million vs. a year-to-date budget NOI of $991K creating a favorable year-to-date budget variance of $209K. The year-to-date positive revenue variance of $81K combined with the positive expense variance of $128K produces the total favorable year-to-date budget variance of $209K. Income Variance The year-to-date positive revenue variance of $81K (see Consolidated Statement of Operations – YTD Variance column) is primarily from above budget revenue in Membership Dues, Building Revenue and Other Rent Revenue. Expense Variance The year-to-date positive expense variance of $128K is primarily comprised of under budget expenses in most all expense categories. Accounts Receivable
Building Marina AR Parking AGCEF Other AR Total
March 27,218 39,186 29,062 26,992 51,781 174,238
April 12,920 12,111 20,667 34,427 50,311 130,436 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.).
1
AGC Financial Notes - Continued
Page 2 of 2
For Internal Use Only
AGC Actual / Forecast --- see 12 Month Actual / Forecast to Budget As of April 30, 2015, AGC’s 2015 annual forecast net operating income equals $460K versus an annual budget net operating income of $78K. AGC Building: Occupancy rate is 94% as of April 30, 2015.
2
For Internal Use Only April-15
2015 2015Total Total
Actual / Forecast Budget VarianceRetro Plan Income 1,967,328 1,742,760 224,568Retro Exp Gross (1,542,328) (1,517,760) (24,568)
Net Retro Income 425,000 225,000 200,000
REVENUESMembership Dues 1,756,909 1,725,000 31,909Program Revenue / Grant Revenue 179,556 173,022 6,534Event Revenue 256,651 253,850 2,801Building / Retail Rent (Seattle, Marina, Fife) 2,806,633 2,797,726 8,907Other Rent Revenue (Parking, Moorage) 949,372 922,040 27,332Other Revenue / CAM 65,881 62,100 3,781Misc Income 16,283 16,195 88Gain/Loss on Disposal of Asset 0 0 0
Operating Revenue 6,031,285 5,949,933 81,352
TOTAL REVENUE 6,456,285 6,174,933 281,352
EXPENSESSalaries 2,207,755 2,217,394 9,639Payroll Burden Taxes & Benefits 631,737 638,293 6,556Auto Expense / Corporate Travel 36,671 37,755 1,084Miscellaneous Meetings 105,413 121,350 15,937Consultant Fees 50,445 54,833 4,389Office Expense 68,903 77,923 9,020Membership Dues/Donations 167,248 168,612 1,364Rent 65,140 65,666 526Technology Expense 71,012 75,415 4,403Phone Exp. 33,630 34,542 912Program / Grant Expense 101,199 93,102 (8,097)Membership Promotion 161,830 179,100 17,270Event Exp 268,281 268,683 402Insurance / Tax / Training 59,802 65,050 5,248Building / Marina Expense 1,221,272 1,247,004 25,732Leasing Comm. Amortization 66,096 66,092 (4)Depreciation 679,718 686,382 6,664
TOTAL EXPENSES 5,996,151 6,097,196 101,045
OPERATING INCOME (LOSS) 460,134 77,737 382,397
NET OPERATING INCOME (LOSS) - FORECAST VS. BUDGET 460,134 77,737 382,397
Non-Operating Investment Income (Loss) 55,643 12,000 43,643
NET INCOME (LOSS) 515,777 89,737 426,040
Gain/Loss on Disposal of Asset 0 0 0
TOTAL INCOME 515,777 89,737 426,040
Working CapitalNet Operating Income 460,134 77,737 382,397Amortization 66,096 66,092 4Depreciation 679,718 686,382 (6,664)
Available Cash (Working Capital) 1,205,948 830,211 375,737
Less:
Debt Service - Principle 38,953 78,000 39,047Capital Expenditures - Association 106,500 104,500 (2,000)Capital Expenditures - Seattle Building 143,619 198,930 55,311Capital Expenditures - Fife Building 40,000 55,000 15,000Capital Expenditures - Marina 0 0 0Tenant Improvements - Building 178,576 125,000 (53,576)Lease Commissions 60,000 80,000 20,000
Total Deductions 567,649 641,430 73,781
Cash (Working Capital) Variance Favorable (Unfavorable) 638,299 188,781 449,518
AGC of Washington2015 Cash Activity Forecast
3
Associated General Contractors of Washington
Statement of Financial PositionFor the Period Ending 04/30/2015
Apr Dec
Unaudited Audited
ASSETS
Current Assets
Cash 2,222,528 2,553,041
Building Savings 400,561 200,369
Short-Term Investments 111,163 70,319
Accounts Receivable 130,436 145,406
Prepaid Expenses 209,562 203,978
Total Current Assets 3,074,250 3,173,113
Group Retrospective Rating Plan Assets 17,768,368 18,246,707
Prepaid Lease Commissions 81,559 82,109
Long Term Investments 2,243,870 2,236,072
Property and Equipment
Land and Land Improvements 2,376,138 2,376,138
Buildings 13,163,041 13,135,913
Leasehold Improvements 1,290,404 1,290,404
Furniture and Equipment 968,847 961,734
Automobiles 43,643 43,774
Marina 1,536,739 1,536,739
Total Property Plant and Equipment 19,378,812 19,344,701
Less: Accumulated Depreciation (10,733,982) (10,511,651)
Net Property Plant and Equipment 8,644,830 8,833,050
TOTAL ASSETS 31,812,878 32,571,051
LIABILITIES & NET ASSETS
Current Liabilities
Accounts Payable 131,181 470,185
Accrued Expenses 86,825 87,426
Deferred Income 12,950 1,177,939
Current Portion - LT Debt 84,576 84,576
315,532 1,820,126
Group Retrospective Rating Plan Liability 17,768,368 18,246,707
Long Term Debt, Less Current Portion 347,562 375,466
Tenant Deposits 194,360 190,763
Total Liabilities 18,625,822 20,633,061
Net Assets
Unrestricted 10,687,056 9,437,989
Board Designated 2,500,000 2,500,000
TOTAL UNRESTRICTED NET ASSETS 13,187,056 11,937,989
TOTAL LIABILITIES AND NET ASSETS 31,812,878 32,571,051
- -
[INTERNAL REPORT]
4
Unaudited
Changes in Net Assets 1,249,067
Adjustments to Changes in Net Assets to Cash Provided by Operating Activities
Depreciation 222,331
(Gain) Loss on Disposal of Property -
(Gain) Loss on Sales of Investments (37,431)
(Gain) Loss on Investments @ Market (17,059)
(Increase) / Decrease in accounts:
Accounts Receivable 14,970
Prepaid Expenses and Other Assets (5,035)
Increase / (Decrease) in accounts:
Accounts Payable (339,004)
Accrued Expenses (601)
Tenant Deposits 3,597
Deferred Income (1,164,989)
Net Cash Provided / Used) by Operating Activities (74,154)
Cash Flow From Investing Activities:
Purchase of Long Term Investment 46,692
Leasehold Improvements - Seattle Bldg -
Capital Improvements on Seattle Bldg (18,629)
Capital Improvements on Marina (8,500)
Purchase of property, equipment and automobile (6,983)
Net Cash Provided / (Used) by Investing Activities 12,581
Cash Flow from Financing Activities:
Current Long Term Debt -
Long Term Debt / Loan Payments (27,904)
Net Cash Provided / (Used) by Financing Activities (27,904)
Net Increase (Decrease) in Cash (89,477)
Cash, Beginning of Year 2,753,410
Cash Equivalents Beginning of Year 70,319
Total Cash and Cash Equivalents, Beginning of Year 2,823,729
Cash, End of Period 2,623,089
Cash Equivalents, End of Period 111,163
Total Cash and Cash Equivalents, End of Period 2,734,252
-
Associated General Contractors of Washington
Cash Flow Statement
For the 04 Month(s) ending 04/30/2015
5
Associated General Contractors of Washington (INTERNAL REPORT)
4/30/2015
Schedule of Reserve Funds Balance
Operations 3000-10-901 420,000
Plant & Equipment 3000-10-902 1,980,000
Special Projects 3000-10-903 100,000
2,500,000
Seattle Building Savings Account 400,415
** Statement of Capital Expenditures 2015 Balance
(** Designed for Budget Monitoring Purposes) 4/30/2015 Approved Budget Remaining
Parking Lot Improvements 1503-50-000 - - -
Fife Building 1505-85-000 8,500 55,000 46,500
Furniture & Fixtures 1508-10-000 - - -
Office Equipment 1509-10-000 - - -
Automobile - Safety Dept. 1510-10-000 (130) - 130
Computer Hardware/Software 1513-10-000 7,113 104,500 97,387
SEA Bldg - Tenant Improvements 1550-50-000 - 125,000 125,000
SEA Bldg - Capital Improvements 1551-50-000 18,629 198,930 180,301
SEA Bldg - Lease Commissions 1402-50-050 815 80,000 79,186
Seattle Marina 1575-75-000 - - -
34,926 563,430 528,504
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 88 - (88)
Southern District Office 6950-14-000 458 458 0
Technology 6950-17-000 5,837 6,000 163
Administration 6950-18-000 3,058 3,585 527
Accounting 6950-19-000 524 524 0
State Government 6950-30-000 5,208 5,220 12
Labor Relations 6950-34-000 129 128 (1)
Membership 6950-36-000 8,362 10,122 1,760
Safety 6950-42-000 3,029 3,280 251
Central District 6950-48-000 137 136 (1)
Seattle Building 6950-50-000 165,795 167,095 1,300
Seattle Marina 6950-75-000 17,133 17,086 (46)
Fife Building 6950-85-000 12,574 15,360 2,786
222,331 228,995 6,664
YTD 2015 Balance
Board Contingency Expenses: 5120-13-054 4/30/2015 Approved Remaining
Board Board
Budget Contingency Contingency
Try-A-Trade Career Fair 1,000
20,000 1,000 19,000
4/30/2015
6
YTD
ACTUAL BUDGET VAR ACTUAL BUDGET VAR ACTUAL BUDGET VAR
I. Building & Properties:
a) Seattle Building 1,020,267 992,580 27,687 635,476 673,406 (37,930) 384,792 319,174 65,618
b) Seattle Marina 239,531 232,083 7,448 164,955 182,235 (17,280) 74,575 49,848 24,727
c) Fife Building 17,638 12,728 4,910 49,395 54,702 (5,307) (31,757) (41,974) 10,217
Total Building & Properties 1,277,436 1,237,391 40,045 849,826 910,343 (60,517) 427,610 327,048 100,562
II. Association:
1. Financial Assets 0 0 0 0 0 0 0 0 0
2. Admin. & Management
a) Board of Trustees 0 0 0 16,580 14,237 2,342 (16,580) (14,237) (2,342)
b) Technology 0 0 0 41,731 45,574 (3,843) (41,731) (45,574) 3,843
c) Administration 15,704 8,600 7,104 111,190 118,321 (7,131) (95,487) (109,721) 14,234
d) Accounting 9,200 9,195 5 71,136 70,886 250 (61,936) (61,691) (245)
24,904 17,795 7,109 240,637 249,018 (8,381) (215,733) (231,223) 15,490
3. Member Services
a) Communications 0 4,000 (4,000) 66,051 78,934 (12,883) (66,051) (74,934) 8,883
b) Meetings & Events 0 0 0 34,545 49,700 (15,155) (34,545) (49,700) 15,155
c) Special Events 107,755 102,000 5,755 127,906 115,624 12,281 (20,151) (13,624) (6,526)
d) Member Service 1,737,642 1,705,733 31,909 64,495 69,524 (5,029) 1,673,146 1,636,209 36,938
e) Future Leadership Forum 3,180 3,000 180 9,172 11,804 (2,632) (5,992) (8,804) 2,812
1,848,577 1,814,733 33,844 302,169 325,587 (23,418) 1,546,408 1,489,146 57,262
4. Education & Training Service
a) Workforce Development 0 0 0 58,384 59,137 (754) (58,384) (59,137) 754
b) Safety 50,224 44,337 5,887 142,896 143,040 (143) (92,672) (98,703) 6,030
c) Group Retro 514,008 505,920 8,088 514,008 505,920 8,088 0 0 0
564,232 550,257 13,975 715,288 708,097 7,191 (151,056) (157,840) 6,784
5. Government Relations
a) Government Affairs Council 8,710 7,000 1,710 148,059 166,833 (18,774) (139,349) (159,833) 20,484
b) Build-Pac 0 0 0 18,498 18,283 215 (18,498) (18,283) (215)
c) AGC - Federal Facilities 0 0 0 1,235 1,321 (86) (1,235) (1,321) 86
8,710 7,000 1,710 167,792 186,437 (18,645) (159,082) (179,437) 20,355
6. Industry Relations
a) Labor 32 0 32 78,418 79,126 (708) (78,386) (79,126) 740
b) Open Shop 0 0 0 5,577 6,388 (812) (5,577) (6,388) 812
32 0 32 83,997 85,514 (1,517) (83,965) (85,514) 1,549
7. Districts
a) Seattle District 44,550 53,300 (8,750) 62,093 70,771 (8,678) (17,543) (17,471) (72)
b) Southern District 7,155 5,800 1,355 75,388 79,420 (4,032) (68,233) (73,620) 5,387
c) Northern District 0 0 0 37,223 35,815 1,408 (37,223) (35,815) (1,408)
d) Central WA District 920 800 120 41,680 45,248 (3,568) (40,760) (44,448) 3,688
52,625 59,900 (7,275) 216,383 231,254 (14,871) (163,758) (171,354) 7,596
Total Association 2,499,079 2,449,685 49,394 1,726,265 1,785,907 (59,641) 772,814 663,779 109,035
Total of Assoc. & Prop 3,776,515 3,687,076 89,439 2,576,092 2,696,250 (120,158) 1,200,424 990,827 209,597
Non-Operating Income (Loss) 54,490 8,000 46,490 5,847 3,000 2,847 48,643 5,000 43,643
Grand Total 3,831,006 3,695,076 135,929 2,581,939 2,699,250 (117,311) 1,249,067 995,827 253,240
Associated General Contractors of Washington
Unaudited Statement of Activities by Cost Center
For the 04 Month(s) ending 04/30/2015
REVENUE EXPENSES REVENUE OVER EXPENSES
7
MTD
ACTUAL BUDGET VAR ACTUAL BUDGET VAR ACTUAL BUDGET VAR
I. Building & Properties:
a) Seattle Building 259,926 254,471 5,455 121,708 130,331 (8,624) 138,218 124,140 14,078
b) Seattle Marina 61,531 58,043 3,488 30,986 56,255 (25,269) 30,545 1,788 28,757
c) Fife Building 4,410 3,182 1,228 6,843 10,069 (3,227) (2,433) (6,887) 4,454
Total Building & Properties 325,866 315,696 10,170 159,536 196,656 (37,119) 166,329 119,040 47,289
II. Association:
1. Financial Assets 0 0 0 0 0 0 0 0 0
2. Admin. & Management
a) Board of Trustees 0 0 0 5,674 3,522 2,152 (5,674) (3,522) (2,152)
b) Technology 0 0 0 12,861 8,531 4,330 (12,861) (8,531) (4,330)
c) Administration 11,834 1,000 10,834 26,282 27,684 (1,403) (14,448) (26,684) 12,237
d) Accounting 0 0 0 13,805 13,589 215 (13,805) (13,589) (215)
11,834 1,000 10,834 58,621 53,326 5,295 (46,787) (52,326) 5,540
3. Member Services
a) Communications 0 0 0 15,314 17,419 (2,105) (15,314) (17,419) 2,105
b) Meetings & Events 0 0 0 3,116 450 2,666 (3,116) (450) (2,666)
c) Special Events 5,705 10,000 (4,295) 6,670 7,850 (1,180) (965) 2,150 (3,115)
d) Member Service 27,394 20,987 6,407 15,860 16,531 (672) 11,534 4,455 7,079
e) Future Leadership Forum 2,680 0 2,680 3,239 5,294 (2,054) (559) (5,294) 4,734
35,779 30,987 4,792 44,198 47,544 (3,345) (8,420) (16,557) 8,138
4. Education & Training Service
a) Workforce Development 0 0 0 21,049 14,784 6,265 (21,049) (14,784) (6,265)
b) Safety 28,758 7,540 21,218 30,963 36,368 (5,406) (2,205) (28,828) 26,623
c) Group Retro 110,000 126,480 (16,480) 110,000 126,480 (16,480) 0 0 0
138,758 134,020 4,738 162,012 177,633 (15,621) (23,254) (43,613) 20,359
5. Government Relations
a) Government Affairs Council 0 0 0 36,505 37,439 (934) (36,505) (37,439) 934
b) Build-Pac 0 0 0 6,252 6,512 (260) (6,252) (6,512) 260
c) AGC - Federal Facilities 0 0 0 308 330 (22) (308) (330) 22
0 0 0 43,065 44,281 (1,216) (43,065) (44,281) 1,216
6. Industry Relations
a) Labor 0 0 0 18,972 19,781 (809) (18,972) (19,781) 809
b) Open Shop 0 0 0 1,320 2,541 (1,220) (1,320) (2,541) 1,220
0 0 0 20,293 22,322 (2,030) (20,293) (22,322) 2,030
7. Districts
a) Seattle District 20,490 47,450 (26,960) 16,741 26,849 (10,108) 3,749 20,601 (16,852)
b) Southern District 495 1,800 (1,305) 18,073 20,159 (2,086) (17,578) (18,359) 781
c) Northern District 0 0 0 8,902 8,646 256 (8,902) (8,646) (256)
d) Central WA District 420 500 (80) 10,799 11,026 (227) (10,379) (10,526) 147
21,405 49,750 (28,345) 54,515 66,680 (12,165) (33,110) (16,930) (16,180)
Total Association 207,776 215,757 (7,981) 382,704 411,786 (29,082) (174,928) (196,029) 21,101
Total of Assoc. & Prop 533,641 531,453 2,189 542,240 608,441 (66,201) (8,599) (76,989) 68,390
Non-Operating Income (Loss) (5,851) 2,000 (7,851) 2,961 0 2,961 (8,812) 2,000 (10,812)
Grand Total 527,791 533,453 (5,662) 545,201 608,441 (63,240) (17,411) (74,989) 57,578
Associated General Contractors of Washington
Unaudited Statement of Activities by Cost Center
For the Month ending 04/30/2015
REVENUE EXPENSES REVENUE OVER EXPENSE
8
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Retro Plan Income 110,000 126,480 514,008 505,920 8,088 1,742,760 1,228,752
Retro Exp Gross (110,000) (126,480) (514,008) (505,920) (8,088) (1,517,760) (1,003,752)
Net Retro Income 0 0 0 0 0 225,000 225,000
Membership Dues 27,394 20,987 1,737,642 1,705,733 31,909 1,725,000 (12,642)
Program / Grant Revenue 35,155 8,250 77,731 71,197 6,534 173,022 95,291
Event Revenue 35,175 60,000 160,100 157,300 2,800 253,850 93,750
Building / Retail Rent 241,754 235,101 924,418 915,511 8,907 2,797,726 1,873,308
Other Rent Revenue 77,845 75,420 328,512 301,180 27,332 922,040 593,528
Other Revenue / CAM 6,267 5,175 24,481 20,700 3,781 62,100 37,619
Misc Income 52 40 9,624 9,535 89 16,195 6,572
Total Revenue 423,641 404,973 3,262,508 3,181,156 81,351 6,174,933 2,912,425
Salaries 170,506 173,772 689,428 699,069 (9,641) 2,217,394 1,527,967
Payroll Burden Taxes and Benefits 50,611 53,191 206,208 212,764 (6,556) 638,293 432,085
Auto Expense / Corporate Travel 2,258 2,742 10,983 12,068 (1,085) 37,755 26,772
Miscellaneous Meetings 6,978 4,156 43,866 59,803 (15,937) 121,350 77,484
Consultant Fees 2,343 18,938 28,545 32,932 (4,387) 54,833 26,287
Office Expense 4,167 7,376 20,105 29,125 (9,020) 77,923 57,819
Membership Dues/Donations 16,668 15,637 57,178 58,542 (1,364) 168,612 111,434
Rent 5,430 5,472 21,364 21,890 (526) 65,666 44,302
Technology Expense 9,052 4,845 26,426 30,830 (4,404) 75,415 48,989
Phone Expense 4,126 2,941 10,822 11,734 (912) 34,542 23,720
Program/Grant Expense 10,287 6,606 43,533 35,435 8,098 93,102 49,569
Membership Promotion 11,061 9,500 37,160 54,430 (17,270) 179,100 141,940
Event Expense 6,986 19,550 123,549 123,950 (401) 268,683 145,134
Insurance/Tax/Training 1,898 3,017 23,371 28,618 (5,247) 65,050 41,679
Building / Marina Expense 68,779 91,463 475,185 528,117 (52,932) 1,247,004 771,819
Leasing Comm. Amort. 5,508 5,507 22,031 22,028 3 66,092 44,061
Depreciation 55,583 57,249 222,331 228,995 (6,664) 686,382 464,051
Total Expenses 432,240 481,961 2,062,084 2,190,330 (128,246) 6,097,196 4,035,112
Net Operating Income (Loss) (8,599) (76,989) 1,200,424 990,827 209,597 77,737 (1,122,687)
LT Inv - Dividends/Interest 198 2,000 5,526 8,000 (2,474) 24,000 18,474
LT Inv - Net Gain (Loss) (6,049) 0 48,964 0 48,964 0 (48,964)
Investment Consultant Fee (2,961) 0 (5,847) (3,000) (2,847) (12,000) (6,153)
Non-Operating Income (Loss) (8,812) 2,000 48,643 5,000 43,643 12,000 (36,643)
Gain / Loss on Disposal of Asset 0 0 0 0 0 0 0
Grand Total (17,411) (74,989) 1,249,067 995,827 253,240 89,737 (1,159,330)
Associated General Contractors of Washington
Statement of Operations
CONSOLIDATED
For the 04 Month(s) ending 04/30/2015
9
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Retro Plan Income 110,000 126,480 514,008 505,920 8,088 1,742,760 1,228,752
Retro Exp Gross (110,000) (126,480) (514,008) (505,920) (8,088) (1,517,760) (1,003,752)
Net Retro Income 0 0 0 0 0 225,000 225,000
Membership Due 27,394 20,987 1,737,642 1,705,733 31,909 1,725,000 (12,642)
Program / Grant Revenue 35,155 8,250 77,731 71,197 6,534 173,022 95,291
Event Revenue 35,175 60,000 160,100 157,300 2,800 253,850 93,750
Misc Income 52 40 9,599 9,535 64 16,195 6,597
Total Revenue 97,776 89,277 1,985,071 1,943,765 41,306 2,393,067 407,996
Salaries 143,132 146,399 579,355 589,576 (10,221) 1,865,256 1,285,901
Payroll Burden Taxes and Benefits 42,298 44,529 172,538 178,116 (5,578) 534,349 361,811
Auto Expense / Corporate Travel 2,258 2,742 10,983 12,068 (1,085) 37,755 26,772
Miscellaneous Meetings 6,978 4,156 43,866 59,803 (15,937) 121,350 77,484
Consultant Fees 1,656 5,173 15,179 16,417 (1,238) 36,818 21,638
Office Expense 4,167 7,376 20,105 29,125 (9,020) 77,923 57,819
Membership Dues/Donations 16,668 15,637 57,178 58,542 (1,364) 168,612 111,434
Rent 5,430 5,472 21,364 21,890 (526) 65,666 44,302
Technology Expense 9,052 4,845 26,426 30,830 (4,404) 75,415 48,989
Phone Expense 4,126 2,941 10,822 11,734 (912) 34,542 23,720
Program/Grant Expense 10,287 6,606 43,533 35,435 8,098 93,102 49,569
Membership Promotion 11,061 9,500 37,160 54,430 (17,270) 179,100 141,940
Event Expense 6,986 19,550 123,549 123,950 (401) 268,683 145,134
Insurance/Tax/Training 1,898 3,017 23,371 28,618 (5,247) 65,050 41,679
Depreciation 6,707 7,363 26,830 29,454 (2,624) 87,757 60,927
Total Expenses 272,704 285,306 1,212,257 1,279,987 (67,729) 3,711,377 2,499,120
Net Operating Income (Loss) (174,928) (196,029) 772,814 663,779 109,035 (1,318,310) (2,091,124)
Gain / Loss on Disposal of Asset 0 0 0 0 0 0 0
Grand Total (174,928) (196,029) 772,814 663,779 109,035 (1,318,310) (2,091,124)
Associated General Contractors of Washington
Statement of Operations
ASSOCIATION
For the 04 Month(s) ending 04/30/2015
10
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Building / Retail Rent 241,754 235,101 924,418 915,511 8,907 2,797,726 1,873,308
Other Rent Revenue 77,845 75,420 328,512 301,180 27,332 922,040 593,528
Other Revenue / CAM 6,267 5,175 24,506 20,700 3,806 62,100 37,594
Total Revenue 325,866 315,696 1,277,436 1,237,391 40,045 3,781,866 2,504,430
Salaries 27,374 27,373 110,073 109,493 580 352,139 242,066
Payroll Burden Taxes & Benefits 8,313 8,662 33,670 34,648 (978) 103,944 70,274
Consultant Fees 688 13,765 13,366 16,515 (3,149) 18,015 4,649
Building / Marina Expense 68,779 91,463 475,185 528,117 (52,932) 1,247,004 771,819
Leasing Comm. Amort. 5,508 5,507 22,031 22,028 3 66,092 44,061
Depreciation 48,875 49,885 195,501 199,542 (4,041) 598,625 403,124
Total Expenses 159,536 196,656 849,826 910,343 (60,517) 2,385,819 1,535,993
Gain / Loss on Disposal of Asset - - - - - - -
Net Operating Income (Loss) 166,329 119,040 427,610 327,048 100,562 1,396,047 968,437
Associated General Contractors of Washington
Statement of Operations
BUILDING & MARINA
For the 04 Month(s) ending 04/30/2015
11
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Building Rent - Seattle 4700-50-000 194,595 189,201 735,875 732,000 3,875 2,247,015 1,511,140
Parking Lot Income 4701-50-000 20,667 21,500 105,707 85,500 20,207 275,000 169,293
Operating Expense Reimb - Seattle Building 4702-50-000 5,809 5,000 23,237 20,000 3,237 60,000 36,763
Retail Rents 4703-50-000 38,350 38,350 153,401 153,400 1 460,200 306,799
Other Rental Income 4704-50-000 432 370 1,696 1,480 216 4,440 2,744
Late Fee Income:BLDG 4705-50-000 0 0 166 0 166 0 (166)
ATM Rental Income 4706-50-000 73 50 160 200 (40) 600 440
Misc Income - Bldg 4900-50-000 0 0 25 0 25 0 (25)
Total Revenue 259,926 254,471 1,020,267 992,580 27,687 3,047,255 2,026,988
Salaries 5010-50-000 17,984 17,984 72,341 71,935 406 215,805 143,464
Payroll Taxes 5020-50-052 1,679 1,612 6,709 6,449 260 19,347 12,638
Health/Security/LTD 5020-50-070 2,077 2,242 8,318 8,970 (651) 26,909 18,591
Pension 5020-50-139 1,606 1,745 6,683 6,978 (295) 20,935 14,252
Incentive Compensation 5010-50-058 0 0 0 0 0 15,136 15,136
Legal / Professional 5040-50-060 688 0 688 1,500 (813) 3,000 2,313
Audit 5040-50-076 0 7,250 8,411 8,250 161 8,250 (161)
Roof Repairs & Maint-Gen 6020-50-300 0 0 0 0 0 2,525 2,525
Pkg Lot Rep & Maint-Gen 6035-50-300 602 0 602 400 202 400 (202)
Snow Removal 6036-50-300 0 0 0 4,470 (4,470) 4,470 4,470
HVAC Contr Serv & Per-Off 6040-50-100 0 5,005 5,006 10,010 (5,004) 20,020 15,014
HVAC Contr Serv & Per-Gen 6040-50-300 1,482 1,505 3,640 3,010 630 6,020 2,380
HVAC Repairs & Maint-Off 6045-50-100 977 1,000 18,529 14,305 4,224 23,900 5,371
HVAC R & M- Conference Room 6045-50-300 0 0 0 500 (500) 2,000 2,000
Elev Contr Serv & Per-Off 6050-50-100 1,167 1,130 4,665 4,520 145 13,560 8,895
Elevator Rep & Maint-Off 6055-50-100 0 0 2,213 1,700 513 3,770 1,557
Electrical Rep & Supp-Off 6060-50-100 0 935 5,315 3,475 1,840 9,910 4,595
Plumbing Rep & Supp-Off 6070-50-100 1,245 500 2,640 2,000 640 6,900 4,260
Fire / Life / Safety-Gen 6080-50-300 2,011 0 9,239 10,240 (1,001) 16,145 6,906
General Repair & Maint-NR (Non-CAM Exp) 6100-50-000 0 0 0 6,000 (6,000) 6,000 6,000
General Rep & Maint-Off 6100-50-100 1,388 835 3,523 4,440 (917) 11,120 7,597
Painting & Decorating-Off 6110-50-100 0 0 379 2,550 (2,171) 2,725 2,346
Locks, Keys & Signage-Off 6120-50-100 603 600 1,557 2,900 (1,343) 5,150 3,593
Pest Control-Off 6130-50-100 0 57 0 228 (228) 684 684
Ext Landscaping Serv-Gen 6210-50-300 1,519 1,430 5,039 4,070 969 11,110 6,071
Ext Landscaping Rep-Gen 6220-50-300 0 0 0 150 (150) 300 300
Int Landscaping Serv-Off 6230-50-100 527 525 2,633 2,100 533 6,300 3,667
Base Janitorial Contr-Off 6310-50-100 7,564 7,200 28,688 28,800 (112) 86,400 57,712
Associated General Contractors of Washington
Statement of Operations
SEATTLE BUILDING
For the 04 Month(s) ending 04/30/2015
12
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Associated General Contractors of Washington
Statement of Operations
SEATTLE BUILDING
For the 04 Month(s) ending 04/30/2015
Janitorial-Tenant Share 6310-50-900 178 177 711 708 3 2,124 1,413
Janitorial-Tenant Offset 6310-50-910 (178) (177) (711) (708) (3) (2,124) (1,413)
Janitorial Supplies-Gen 6320-50-300 2,389 1,665 8,688 6,660 2,028 19,980 11,292
Window Cleaning-Off 6330-50-100 150 0 1,450 1,750 (300) 5,195 3,745
Other Janitorial Serv-Off 6380-50-100 1,400 0 1,400 400 1,000 1,200 (200)
Other Janitorial Serv-Gen 6380-50-300 425 425 1,700 1,700 0 5,100 3,400
Other Security Serv-Gen 6450-50-300 0 0 0 0 0 3,510 3,510
Electricity-Off 6510-50-100 7,507 8,420 23,605 33,680 (10,075) 101,040 77,435
Water/Sewer-Off 6520-50-100 2,408 2,600 9,395 10,400 (1,005) 31,200 21,805
Water/Sewer-Tenant Share 6520-50-900 1,103 1,225 4,601 4,900 (299) 14,700 10,099
Water/Sewer-Tenant Offset 6520-50-910 (1,103) (1,225) (4,601) (4,900) 299 (14,700) (10,099)
Gas-Off 6530-50-100 3,213 4,585 15,139 18,340 (3,201) 55,020 39,881
Trash Removal & Recyc-Off 6550-50-100 1,991 1,600 8,612 6,400 2,212 19,200 10,588
Marketing & Leasing-NR 6710-50-000 0 100 0 400 (400) 1,200 1,200
Tenant Relations-NR 6720-50-000 36 0 80 50 30 4,900 4,820
On-Site Costs-Gen 6740-50-300 874 417 3,513 1,667 1,846 5,000 1,487
Administrative / Office Exp 6780-50-000 135 583 2,200 2,333 (133) 7,000 4,800
Other Administrative-Gen 6780-50-300 396 667 2,204 2,667 (463) 8,000 5,796
Real Estate Taxes-Gen 6810-50-300 0 0 129,095 145,000 (15,905) 290,000 160,905
Personal Property Tax-Gen 6820-50-300 0 0 602 1,000 (398) 1,000 398
Insurance-Gen 6900-50-300 9,590 9,375 38,716 37,500 1,216 112,500 73,784
Interest Expense 6910-50-000 1,457 1,400 5,797 5,750 47 16,050 10,253
Bad Debt: BLDG 6920-50-000 0 0 0 0 0 0 0
Brokers' Commission-Amortizatn 6600-50-000 5,167 5,166 20,667 20,664 3 62,000 41,333
Depreciation 6950-50-000 41,449 41,774 165,795 167,095 (1,300) 501,286 335,491
Total Expenses 121,708 130,331 635,476 673,406 (37,930) 1,799,172 1,163,696
Net Income 138,218 124,140 384,792 319,174 65,618 1,248,083 863,291
13
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Building Rent - Marina Bldg 4700-75-000 4,400 4,368 17,504 17,383 121 52,327 34,823
Moorage Rent/A-E Docks 4701-75-000 56,746 53,550 221,109 214,200 6,909 642,600 421,491
Misc Income - Marina 4702-75-000 385 125 918 500 418 1,500 582
Total Revenue 61,531 58,043 239,531 232,083 7,448 696,427 456,896
Salaries 5010-75-000 8,761 8,760 35,216 35,042 174 105,125 69,909
Payroll Taxes 5020-75-052 818 806 3,271 3,224 47 9,671 6,401
Health/Security/LTD 5020-75-070 1,097 1,162 4,402 4,648 (246) 13,944 9,542
Pension 5020-75-139 830 874 3,450 3,496 (46) 10,488 7,038
Incentive Compensation 5010-75-058 0 0 0 0 0 7,841 7,841
Legal-NR 5040-75-060 0 0 0 250 (250) 250 250
Audit 5040-75-076 0 4,100 2,743 4,100 (1,357) 4,100 1,357
Covered Moorage - R & M - NR 6020-75-000 0 250 0 250 (250) 1,450 1,450
Electrical Rep & Supp-NR 6060-75-000 0 0 2,068 0 2,068 1,150 (918)
Plumbing Rep & Supp-NR 6070-75-000 2,600 0 3,648 855 2,793 2,335 (1,313)
Fire / Life / Safety-NR 6080-75-000 167 45 231 990 (759) 2,610 2,379
General Reprs & Maint-NR 6100-75-000 2,441 340 5,030 1,360 3,670 4,080 (950)
Painting & Decorating-NR 6110-75-000 0 0 0 750 (750) 750 750
Locks, Keys & Signage-NR 6120-75-000 0 210 22 840 (818) 2,520 2,498
Base Janitorial Contr-NR 6310-75-000 0 235 0 940 (940) 2,820 2,820
Janitorial Supplies-NR 6320-75-000 0 75 150 300 (150) 900 750
Other Janitorial Serv-NR 6380-75-000 0 25 0 100 (100) 300 300
Land Lease Payments-NR 6460-75-000 0 27,200 49,985 54,400 (4,415) 111,400 61,415
Electricity-NR 6510-75-000 7,850 4,250 8,280 17,000 (8,720) 51,000 42,720
Electricity-Tenant Offset 6510-75-910 (3,371) (3,450) (14,656) (13,800) (856) (41,400) (26,744)
Water & Sewer-NR 6520-75-000 339 410 1,065 1,640 (575) 4,920 3,855
Water/Sewer-Tenant Offset 6520-75-910 (159) (205) (778) (820) 42 (2,460) (1,682)
Trash Removal & Recyc-NR 6550-75-000 641 1,665 6,670 6,660 10 19,980 13,310
Other Administration-NR 6780-75-000 299 550 1,350 2,200 (850) 6,600 5,250
Real Estate Taxes-NR 6810-75-000 0 0 17,435 22,000 (4,565) 44,000 26,565
Special Assessments-NR 6830-75-000 0 0 0 0 0 0 0
Insurance-NR 6900-75-000 4,388 4,681 18,242 18,724 (482) 56,175 37,933
Bad Debt: MARINA 6920-75-000 0 0 0 0 0 0 0
Depreciation 6950-75-000 4,283 4,272 17,133 17,086 46 51,259 34,127
Total Expenses 30,986 56,255 164,955 182,235 (17,280) 471,809 306,853
Net Income 30,545 1,788 74,575 49,848 24,727 224,618 150,043
Associated General Contractors of Washington
Statement of Operations
SEATTLE MARINA
For the 04 Month(s) ending 04/30/2015
14
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Office Rent - Fife Building 4700-85-000 4,410 3,182 17,638 12,728 4,910 38,184 20,546
Operating Exp Reimbursement - Fife Building 4702-85-000 0 0 0 0 0 0 0
Total Revenue 4,410 3,182 17,638 12,728 4,910 38,184 20,546
Salaries 5010-85-000 629 629 2,517 2,517 0 7,550 5,033
Payroll Taxes 5020-85-052 54 60 219 240 (21) 720 501
Health/Security/LTD 5020-85-070 95 101 382 402 (21) 1,207 825
Pension 5020-85-139 57 60 236 241 (5) 722 486
Incentive Compensation 5010-85-058 0 0 0 0 0 682 682
Audit 5040-85-076 0 2,415 1,524 2,415 (891) 2,415 891
Building Cleaning 6010-85-000 690 750 2,940 3,000 (60) 9,000 6,060
Supplies & Materials 6270-85-000 0 40 0 160 (160) 480 480
Misc. Building Maintenance 6290-85-000 775 475 2,446 1,900 546 5,700 3,254
Fire Alarm System Monitoring 6292-85-000 0 360 0 360 (360) 1,460 1,460
HVAC Maintenance & Repairs 6400-85-000 0 200 616 800 (184) 2,400 1,784
Electricity 6510-85-000 0 333 1,036 1,333 (298) 4,000 2,965
Water & Sewer 6520-85-000 757 165 1,227 660 567 1,980 753
Gas 6530-85-000 136 160 550 640 (90) 1,920 1,370
Trash Removal & Recyc 6550-85-000 165 140 489 560 (71) 1,680 1,191
Brokers' Commission - Amort - Fife 6600-85-000 341 341 1,364 1,364 0 4,092 2,728
Real Estate Taxes 6730-85-240 0 0 15,010 16,000 (990) 16,000 990
Insurance & Bonds 6900-85-000 0 0 6,266 6,750 (484) 6,750 484
Depreciation 6950-85-000 3,143 3,840 12,574 15,360 (2,786) 46,080 33,506
Total Expenses 6,843 10,069 49,395 54,702 (5,307) 114,838 65,443
Net Income (2,433) (6,887) (31,757) (41,974) 10,217 (76,654) (44,897)
Associated General Contractors of Washington
Statement of Operations
FIFE BUILDING
For the 04 Month(s) ending 04/30/2015
15
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Salaries 5010-13-000 2,184 2,184 8,904 8,736 168 26,209 17,305
Payroll Taxes 5020-13-052 178 159 749 637 112 1,910 1,161
Health/Security/LTD 5020-13-070 196 206 782 824 (42) 2,472 1,690
Pension 5020-13-139 216 223 899 890 9 2,670 1,772
Incentive Compensation 5010-13-058 0 0 0 0 0 1,364 1,364
Officers / Board Meetings 5035-13-056 400 0 400 250 150 7,600 7,200
Miscellaneous Expense 5035-13-072 2,500 750 3,180 1,550 1,630 5,850 2,670
Office Expense 5050-13-000 0 0 666 1,350 (684) 1,350 684
Board Contingency 5120-13-054 0 0 1,000 0 1,000 20,000 19,000
Total Expenses 5,674 3,522 16,580 14,237 2,342 69,425 52,846
Net Income (5,674) (3,522) (16,580) (14,237) (2,342) (69,425) (52,846)
Associated General Contractors of Washington
Statement of Operations
BOARD OF TRUSTEES
For the 04 Month(s) ending 04/30/2015
16
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Salaries 5010-17-000 1,870 1,870 7,538 7,480 58 22,440 14,902
Payroll Taxes 5020-17-052 160 161 635 643 (8) 1,930 1,295
Health/Security/LTD 5020-17-070 173 206 692 823 (131) 2,468 1,776
Pension 5020-17-139 139 180 552 718 (166) 2,154 1,602
Incentive Compensation 5010-17-058 0 0 0 0 0 1,364 1,364
Travel 5030-17-000 0 0 0 0 0 0 0
Miscellaneous Meetings 5035-17-072 0 30 95 120 (25) 360 265
Office Exp 5050-17-000 110 20 110 80 30 240 130
New Application 5081-17-017 0 0 0 250 (250) 1,000 1,000
Tech Equipment Maint- Parts 5082-17-000 998 800 1,108 3,200 (2,092) 9,600 8,492
Tech Equipment Maint- Parts 5082-17-019 0 0 0 0 0 0 0
Tech Equipment Maint- Parts 5082-17-036 0 0 0 0 0 0 0
Professional Service 5083-17-000 0 0 2,863 0 2,863 0 (2,863)
Professional Service 5083-17-017 2,866 3,000 5,729 12,000 (6,271) 36,000 30,271
Professional Service 5083-17-036 0 325 3,600 4,575 (975) 7,150 3,550
Professional Service 5083-17-042 0 0 0 0 0 0 0
Cell Phone Exp. 5087-17-000 150 190 600 760 (160) 2,280 1,680
New / Renewal Software License Fee 5089-17-017 3,605 250 10,630 5,400 5,230 11,500 870
Virus / Firewall Renewals 5089-17-062 1,332 0 1,332 3,525 (2,193) 3,525 2,193
Depreciation 6950-17-000 1,459 1,500 5,837 6,000 (163) 18,000 12,163
Total Expenses 12,861 8,531 41,731 45,574 (3,843) 120,010 78,279
Net Income (12,861) (8,531) (41,731) (45,574) 3,843 (120,010) (78,279)
Associated General Contractors of Washington
Statement of Operations
TECHNOLOGY
For the 04 Month(s) ending 04/30/2015
17
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Conference Center Rental 4100-18-238 150 0 650 300 350 600 (50)
McGraw Hill Affinity Plan 4100-18-303 144 0 144 0 144 0 (144)
Verizon Affinity Plan - NPP 4100-18-304 8,180 0 8,180 6,250 1,930 25,000 16,820
Enterprise Affinity Plan 4100-18-305 0 0 0 1,000 (1,000) 4,000 4,000
Office Depot Affinity Plan 4100-18-310 3,341 1,000 6,650 1,000 5,650 1,000 (5,650)
Misc Income 4900-18-194 20 0 80 25 55 100 20
Misc Income/Service 4900-18-195 0 0 0 25 (25) 100 100
Gain/Loss on Disposal of Asset 4950-18-000 0 0 0 0 0 0 0
Total Revenue 11,834 1,000 15,704 8,600 7,104 30,800 15,096
Salaries 5010-18-000 13,373 13,373 53,442 53,490 (48) 160,470 107,029
Temp Help 5010-18-051 0 175 0 700 (700) 2,000 2,000
Employee Milestone Awards 5010-18-057 2,205 0 5,174 1,480 3,694 2,220 (2,954)
Payroll Taxes 5020-18-052 1,115 1,060 4,562 4,240 322 12,721 8,159
Health/Security/LTD 5020-18-070 1,613 1,699 6,452 6,795 (342) 20,384 13,932
Pension 5020-18-139 1,342 1,393 5,508 5,573 (65) 16,719 11,212
Incentive Compensation 5010-18-058 0 0 0 0 0 11,455 11,455
Auto / Travel Expense 5030-18-000 0 17 0 68 (68) 200 200
Miscellaneous Meetings 5035-18-072 450 370 1,976 1,480 496 4,440 2,464
Legal 5040-18-060 880 208 2,118 832 1,286 2,500 383
Office Exp. 5050-18-000 898 1,566 5,948 6,264 (316) 18,788 12,840
Office Equipment Lease 5050-18-066 549 615 1,674 1,230 444 2,460 786
Office Equipment Maintenance 5050-18-067 256 1,876 1,233 4,671 (3,438) 8,290 7,057
Postage - Administration 5050-18-069 41 50 32 200 (168) 600 568
Parking / Metro 5050-18-071 135 150 540 600 (60) 1,800 1,260
Contract Printing 5050-18-074 0 67 0 267 (267) 800 800
Office Equipment - Interest 5050-18-290 29 33 129 138 (9) 366 237
Membership Dues 5060-18-061 0 0 750 1,500 (750) 1,630 880
Subscriptions 5060-18-062 0 80 0 80 (80) 997 997
Donations/ Memorials 5060-18-063 0 100 0 400 (400) 1,200 1,200
Internet Connnection 5085-18-000 67 300 201 1,200 (999) 3,600 3,399
Telephone Exp.- Admin. 5086-18-000 471 550 1,883 2,200 (317) 6,600 4,717
Cell Phone Exp.- Admin. 5087-18-000 383 190 729 760 (31) 2,280 1,551
Insurance & Bonds 5900-18-064 0 0 7,600 8,500 (900) 8,500 900
Staff Professional Training 5900-18-065 1,711 2,917 7,859 11,668 (3,809) 35,000 27,141
Personal Property Taxes 5900-18-068 0 0 324 400 (76) 400 76
Depreciation 6950-18-000 765 896 3,058 3,585 (527) 10,754 7,696
Total Expenses 26,282 27,684 111,190 118,321 (7,131) 337,175 225,985
Net Income (14,448) (26,684) (95,487) (109,721) 14,234 (306,375) (210,888)
Associated General Contractors of Washington
Statement of Operations
ADMINISTRATION
For the 04 Month(s) ending 04/30/2015
18
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Misc. Income - Accounting 4900-19-195 0 0 5 0 5 0 (5)
AGCA Discount Earned 4900-19-200 0 0 9,195 9,195 0 9,195 0
Total Revenue 0 0 9,200 9,195 5 9,195 (5)
Salaries 5010-19-000 8,729 8,729 35,321 34,916 405 104,748 69,427
Temp Help 5010-19-051 0 0 2,192 2,500 (308) 10,000 7,808
Payroll Taxes 5020-19-052 759 759 2,993 3,036 (43) 9,108 6,116
Health/Security/LTD 5020-19-070 1,055 1,003 4,220 4,012 207 12,037 7,817
Pension 5020-19-139 816 841 3,270 3,365 (95) 10,095 6,825
Incentive Compensation 5010-19-058 0 0 0 0 0 6,682 6,682
Auto Expense 5030-19-000 12 20 12 80 (68) 240 228
Miscellaneous Meetings 5035-19-072 62 46 350 338 12 700 350
Audit 5040-19-076 330 0 7,880 5,000 2,880 7,418 (462)
ADP Payroll Fees 5040-19-077 446 475 1,980 2,125 (145) 6,000 4,020
Professional Service 5040-19-144 0 290 333 1,160 (827) 3,500 3,167
Office Exp. 5050-19-000 2 85 125 340 (215) 1,020 895
Postage - Accounting 5050-19-069 45 135 305 540 (235) 1,620 1,315
Contract Printing 5050-19-074 349 0 349 0 349 550 201
Bank Charge 5050-19-231 47 25 185 100 85 300 116
Membership Dues 5060-19-061 0 0 (103) 0 (103) 735 838
Subscriptions 5060-19-062 27 0 27 0 27 120 93
Discounts Allowed (Visa/Dues) 5140-19-078 807 950 9,624 10,950 (1,326) 21,000 11,376
State Excise Taxes 5900-19-079 187 100 187 600 (413) 7,500 7,313
City Excise Tax 5900-19-279 0 0 1,364 1,300 64 7,500 6,136
Depreciation 6950-19-000 131 131 524 524 (0) 1,572 1,048
Total Expenses 13,805 13,589 71,136 70,886 250 212,445 141,309
Net Income (13,805) (13,589) (61,936) (61,691) (245) (203,250) (141,314)
Associated General Contractors of Washington
Statement of Operations
ACCOUNTING
For the 04 Month(s) ending 04/30/2015
19
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Website Advertising 4100-22-197 0 0 0 4,000 (4,000) 7,000 7,000
Total Revenue 0 0 0 4,000 (4,000) 7,000 7,000
Salaries 5010-22-000 11,470 11,469 44,902 45,877 (975) 137,632 92,730
Payroll Taxes 5020-22-052 949 1,069 3,867 4,275 (408) 12,826 8,958
Health/Security/LTD 5020-22-070 1,551 1,631 6,148 6,525 (377) 19,574 13,427
Pension 5020-22-139 1,104 1,152 4,483 4,608 (125) 13,824 9,341
Incentive Compensation 5010-22-058 0 0 0 0 0 10,909 10,909
Auto Expense 5030-22-000 0 500 227 620 (393) 1,400 1,173
Miscellaneous Meetings 5035-22-072 0 75 0 300 (300) 900 900
Professional Service 5040-22-144 0 50 0 200 (200) 600 600
Website Maintenance 5040-22-250 0 50 0 200 (200) 600 600
Office Exp. 5050-22-000 0 40 55 160 (105) 480 425
Postage - Communications 5050-22-069 166 333 1,157 2,399 (1,242) 4,000 2,843
Protrait Photography 5050-22-089 0 50 0 1,350 (1,350) 2,200 2,200
Subscriptions 5060-22-062 0 25 0 100 (100) 300 300
Cell Phone Exp.- Comm. 5087-22-000 75 100 300 400 (100) 1,200 900
Advertising 5140-22-082 0 300 3,412 4,100 (688) 12,300 8,888
Public Relations 5140-22-083 0 100 1,500 1,800 (300) 3,400 1,900
Newsletter 5140-22-084 0 175 0 700 (700) 2,100 2,100
Annual & Special Reports 5140-22-086 0 300 0 4,900 (4,900) 7,300 7,300
Total Expenses 15,314 17,419 66,051 78,934 (12,883) 232,065 166,014
Net Income (15,314) (17,419) (66,051) (74,934) 8,883 (225,065) (159,014)
Associated General Contractors of Washington
Statement of Operations
COMMUNICATIONS
For the 04 Month(s) ending 04/30/2015
20
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
CEO Out of Town Travel 5035-24-090 583 450 583 900 (317) 2,000 1,417
Executive Leadership Council 5035-24-094 411 0 411 0 411 4,200 3,789
National AGC Convention 5035-24-095 2,191 0 20,991 35,000 (14,009) 35,000 14,009
Western Chapters Meetings 5035-24-098 (207) 0 8,447 6,300 2,147 8,500 53
National AGC Leadership Conference 5035-24-099 0 0 0 0 0 16,500 16,500
Chapter Meetings 5035-24-100 0 0 1,220 800 420 2,000 780
Miscellaneous Conference 5035-24-126 136 0 336 3,200 (2,864) 3,200 2,864
Immediate Past President Night 5150-24-093 0 0 2,556 3,500 (944) 3,500 944
Old Timers Night 5150-24-129 0 0 0 0 0 3,300 3,300
Total Expenses 3,116 450 34,545 49,700 (15,155) 78,200 43,655
Net Income (3,116) (450) (34,545) (49,700) 15,155 (78,200) (43,655)
Associated General Contractors of Washington
Statement of Operations
MEETING AND EVENTS
For the 04 Month(s) ending 04/30/2015
21
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Safety/Constr Awards Dnr-INC 4150-25-127 5,705 10,000 6,895 24,000 (17,105) 45,000 38,105
Annual Meeting 4150-25-128 0 0 100,860 78,000 22,860 78,000 (22,860)
Total Revenue 5,705 10,000 107,755 102,000 5,755 123,000 15,245
Salaries 5010-25-000 2,031 2,031 8,125 8,125 0 24,375 16,250
Payroll Taxes 5020-25-052 173 192 714 768 (54) 2,304 1,591
Health/Security/LTD 5020-25-070 288 304 1,153 1,217 (64) 3,650 2,497
Pension 5020-25-139 213 222 876 889 (13) 2,668 1,792
Incentive Compensation 5010-25-058 0 0 0 0 0 2,045 2,045
Auto Expense 5030-25-000 207 100 311 400 (90) 1,200 890
Miscellaneous Meetings 5035-25-072 0 0 4 100 (96) 300 296
Office Exp. 5050-25-000 64 0 64 50 14 150 86
Postage 5050-25-069 71 0 314 75 239 150 (164)
Safety/Excellence Cons Din-Exp 5150-25-127 3,622 5,000 8,203 25,000 (16,797) 45,000 36,797
Annual Meeting 5150-25-128 0 0 106,078 78,000 28,078 78,000 (28,078)
Award & Recognition 5150-25-130 0 0 2,066 1,000 1,066 12,500 10,434
Total Expenses 6,670 7,850 127,906 115,624 12,281 172,343 44,438
Net Income (965) 2,150 (20,151) (13,624) (6,526) (49,343) (29,193)
Associated General Contractors of Washington
Statement of Operations
SPECIAL EVENTS
For the 04 Month(s) ending 04/30/2015
22
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Intro / Retro 4010-36-204 2,538 1,700 5,438 6,800 (1,363) 17,000 11,563
Constructor In 4010-36-206 0 0 7,700 6,000 1,700 6,000 (1,700)
Min Dues - Introductory GC 4010-36-209 0 1,700 4,217 10,200 (5,983) 11,700 7,483
Min Dues - Associates 4010-36-211 6,830 4,524 181,605 175,000 6,605 175,000 (6,605)
Nat'l Educational Associate 4010-36-212 0 0 0 100 (100) 100 100
Min Dues - Retro 4010-36-213 0 0 6,000 6,000 0 6,000 0
Youth Constructor Dues 4010-36-248 200 0 300 200 100 200 (100)
NH-GC Dues 4030-36-205 575 3,000 236,870 261,000 (24,130) 261,000 24,130
Vol Dues - GC 4030-36-208 4,907 6,000 879,567 877,000 2,567 877,000 (2,567)
Vol Dues - Sub 4030-36-210 12,344 4,063 415,946 363,433 52,513 371,000 (44,946)
Prior Years Dues 4040-36-000 0 0 0 0 0 0 0
Sub-Total Dues Revenue 27,394 20,987 1,737,642 1,705,733 31,909 1,725,000 (12,642)
YTD % to Budget 100.73%
Misc Income/Mailing Labels 4900-36-198 0 0 0 0 0 0 0
Roster Advertising 4900-36-216 0 0 0 0 0 6,000 6,000
Sub-Total Other Revenue 0 0 0 0 0 6,000 6,000
Total Revenue 27,394 20,987 1,737,642 1,705,733 31,909 1,731,000 (6,642)
Salaries 5010-36-000 10,355 10,355 41,754 41,419 336 124,256 82,502
Payroll Taxes 5020-36-052 864 880 3,571 3,518 52 10,555 6,984
Health/Security/LTD 5020-36-070 1,332 1,403 5,329 5,611 (282) 16,833 11,504
Pension 5020-36-139 955 1,049 3,960 4,194 (234) 12,583 8,622
Incentive Compensation 5010-36-058 0 0 0 0 0 9,545 9,545
Auto Expense 5030-36-000 0 0 0 100 (100) 300 300
Miscellaneous Meetings 5035-36-072 62 100 65 400 (335) 1,200 1,135
W. Chapters "Membership" Meeting 5035-36-098 0 0 371 0 371 5,000 4,629
Office Exp. 5050-36-000 0 0 158 300 (142) 600 442
Postage - Member Services 5050-36-069 1 10 11 40 (29) 1,030 1,019
Cell Phone Exp.- Member Services 5087-36-000 150 80 281 320 (39) 960 679
Early Payment Disc. (2%) 5140-36-078 50 0 634 3,000 (2,366) 28,000 27,366
Membership Promotion 5140-36-080 0 125 0 500 (500) 2,000 2,000
Depreciation 6950-36-000 2,090 2,531 8,362 10,122 (1,760) 30,366 22,005
Total Expenses 15,860 16,531 64,495 69,524 (5,029) 243,229 178,733
Net Income 11,534 4,455 1,673,146 1,636,209 36,938 1,487,771 (185,375)
Associated General Contractors of Washington
Statement of Operations
MEMBER SERVICE
For the 04 Month(s) ending 04/30/2015
23
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
FLF Event Revenue 4150-16-175 2,680 0 3,180 3,000 180 12,000 8,820
Total Revenue 2,680 0 3,180 3,000 180 12,000 8,820
Salaries 5010-16-000 1,291 1,291 4,919 5,163 (244) 15,488 10,570
Payroll Taxes 5020-16-052 108 119 420 475 (54) 1,424 1,004
Health/Security/LTD 5020-16-070 191 201 762 804 (42) 2,412 1,650
Pension 5020-16-139 127 133 487 533 (46) 1,598 1,112
Incentive Compensation 5010-16-058 0 0 0 0 0 1,364 1,364
Rent / Facility Cost 5035-16-000 0 0 0 0 0 0 0
Membership Meetings 5140-16-177 0 0 0 180 (180) 2,300 2,300
Event / Entertainment 5150-16-175 1,372 2,450 1,543 2,450 (907) 8,100 6,557
Food / Beverage 5300-16-000 151 1,100 1,041 2,200 (1,159) 7,650 6,609
Total Expenses 3,239 5,294 9,172 11,804 (2,632) 40,336 31,164
Net Income (559) (5,294) (5,992) (8,804) 2,812 (28,336) (22,344)
Associated General Contractors of Washington
Statement of Operations
FUTURE LEADERSHIP FORUM
For the 04 Month(s) ending 04/30/2015
24
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Salaries 5010-26-000 1,558 1,558 6,230 6,230 0 18,690 12,460
Payroll Taxes 5020-26-052 128 131 519 524 (5) 1,572 1,053
Health/Security/LTD 5020-26-070 118 156 474 623 (150) 1,870 1,397
Pension 5020-26-139 104 148 394 593 (199) 1,780 1,385
Incentive Compensation 5010-26-058 0 0 0 0 0 1,023 1,023
Donations - Other 5060-26-000 0 0 0 0 0 10,000 10,000
Donations - AGCEF 5060-26-063 10,542 10,542 42,167 42,167 0 126,500 84,333
Events 5120-26-158 0 0 0 0 0 750 750
Education Subsidy to Members 5140-26-136 8,600 2,250 8,600 9,000 (400) 27,000 18,400
Total Expenses 21,049 14,784 58,384 59,137 (754) 189,185 130,801
Net Income (21,049) (14,784) (58,384) (59,137) 754 (189,185) (130,801)
Associated General Contractors of Washington
Statement of Operations
WORKFORCE DEVELOPMENT
For the 04 Month(s) ending 04/30/2015
25
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Safety Promotion Items 4100-42-080 1,935 2,000 9,875 14,500 (4,625) 27,675 17,800
Safety Team Inspections 4100-42-218 3,240 1,500 8,505 7,925 580 20,925 12,420
Safety Training 4100-42-219 0 0 0 0 0 5,000 5,000
Safety Grants Income 4100-42-241 16,830 0 24,162 17,122 7,040 17,122 (7,040)
Field Day / Safety Team (Golf) 4150-42-176 6,720 4,000 7,395 4,500 2,895 21,850 14,455
Shipping - Safety Products 4900-42-195 32 40 287 290 (4) 800 514
Total Revenue 28,758 7,540 50,224 44,337 5,887 93,372 43,148
Salaries 5010-42-000 19,940 19,939 85,238 79,757 5,481 239,270 154,032
Payroll Taxes 5020-42-052 1,783 1,897 7,451 7,589 (138) 22,766 15,315
Health/Security/LTD 5020-42-070 3,339 3,122 13,369 12,488 882 37,463 24,094
Pension 5020-42-139 2,174 2,064 9,638 8,257 1,381 24,770 15,132
Incentive Compensation 5010-42-058 0 0 0 0 0 21,136 21,136
Auto/Travel Expense 5030-42-000 716 1,000 2,097 3,700 (1,603) 12,270 10,173
Corporate Travel 5030-42-178 172 305 1,936 1,220 716 4,760 2,824
Misc Meetings - Safety 5035-42-072 162 1,090 930 1,360 (430) 2,700 1,770
Consultants Fees 5040-42-144 0 3,000 0 3,000 (3,000) 3,000 3,000
Office Exp. 5050-42-000 0 100 216 400 (184) 1,200 984
Postage - Safety 5050-42-069 227 200 1,025 900 125 2,300 1,275
Contract Printing 5050-42-074 0 0 0 0 0 0 0
Membership Dues 5060-42-061 0 0 0 0 0 410 410
Cell Phone Exp.- Safety 5087-42-000 449 225 994 900 94 2,700 1,706
Safety Promotion 5120-42-080 1,244 2,606 11,869 16,640 (4,771) 22,352 10,483
Safety Grants Expense 5120-42-241 0 0 0 0 0 0 0
Hearing Conservation 5120-42-251 0 0 1,625 0 1,625 1,430 (195)
Safety Equipment 5120-42-350 0 0 0 200 (200) 200 200
Golf Tournment - Safety Team 5150-42-176 0 0 0 0 0 13,283 13,283
Insurance 5900-42-064 0 0 3,481 3,350 131 3,350 (131)
Depreciation 6950-42-000 757 820 3,029 3,280 (251) 9,841 6,812
Total Expenses 30,963 36,368 142,896 143,040 (143) 425,201 282,305
Net Income (2,205) (28,828) (92,672) (98,703) 6,030 (331,829) (239,157)
Associated General Contractors of Washington
Statement of Operations
SAFETY
For the 04 Month(s) ending 04/30/2015
26
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
PY 18 - Retro Income 4500-27-221 0 0 0 0 0 0 0
PY 19 - Retro Income 4500-27-222 0 0 0 0 0 0 0
PY 20 - Retro Income 4500-27-223 0 0 0 0 0 0 0
PY 21 - Retro Revenue 4500-27-224 0 0 0 0 0 0 0
Retro Exp Gross/Reimbursement 4500-27-242 110,000 126,480 514,008 505,920 8,088 1,517,760 1,003,752
Total Revenue 110,000 126,480 514,008 505,920 8,088 1,742,760 1,228,752
Annual Meeting - Retro Breakfast 5502-27-221 TO 5502-27-230 0 0 0 0 0 0 0
Annual Meeting - AGC 5503-27-221 TO 5503-27-230 0 0 282 0 282 0 (282)
Association Dues - WSIA 5504-27-221 TO 5504-27-230 0 0 0 0 0 0 0
Auto / Travel Expense 5505-27-221 TO 5505-27-230386 0 1,176 0 1,176 0 (1,176)
Computer Equip Maint. - Upgrade 5506-27-221 TO 5506-27-230522 0 1,338 0 1,338 0 (1,338)
Ins - Liability / Directors & Officers (D&O) 5507-27-221 TO 5507-27-230 0 0 8,666 0 8,666 0 (8,666)
Misc. Expenses 5510-27-221 TO 5510-27-230 91 0 161 0 161 0 (161)
Misc. Meetings 5511-27-221 TO 5511-27-230 48 0 54 0 54 0 (54)
Office Equipment 5512-27-221 TO 5512-27-230376 0 1,295 0 1,295 0 (1,295)
Office Rent & Parkng 5513-27-221 TO 5513-27-2304,680 0 18,173 0 18,173 0 (18,173)
Office Supplies 5514-27-221 TO 5514-27-230137 0 1,230 0 1,230 0 (1,230)
Postage 5515-27-221 TO 5515-27-230 0 0 414 0 414 0 (414)
Salaries 5516-27-221 TO 5516-27-23047,359 0 189,436 0 189,436 0 (189,436)
Payroll Taxes & Benefits 5517-27-221 TO 5517-27-23016,563 0 67,285 0 67,285 0 (67,285)
Bonus (FICA & Taxes) 5518-27-221 TO 5518-27-230 0 0 0 0 0 0 0
Telephone / Cellular 5520-27-221 TO 5520-27-230709 0 2,747 0 2,747 0 (2,747)
Subtotal 71,428 0 292,978 0 292,978 0 (292,978)
RTW Classroom Income 5524-27-221 TO 5524-27-230(1,400) 0 (3,080) 0 (3,080) 0 3,080
RTW Center 5525-27-221 TO 5525-27-23041,653 41,653 166,611 166,612 (1) 499,836 333,225
Classroom Yakima 5527-27-221 TO 5527-27-2301,700 1,700 6,800 6,800 0 20,400 13,600
Subtotal 41,953 43,353 170,331 173,412 (3,081) 520,236 349,905
NET EXPENSE 113,381 43,353 463,310 173,412 289,898 520,236 56,926
Clearing Account 5528-27-221 TO 5528-27-230(113,381) 0 (463,310) 0 (463,310) 0 463,310
TOTAL NET EXPENSE (0) 43,353 0 173,412 (173,412) 520,236 520,236
Retro Exp Gross/Reimbursement 5500-27-242 110,000 83,127 514,008 332,508 181,500 997,524 483,516
NET OPR INCOME / (EXPENSE) 0 43,353 0 173,412 (173,412) 745,236 745,236
Associated General Contractors of Washington
Statement of Operations
GROUP RETRO
For the 04 Month(s) ending 04/30/2015
27
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Public Works Mtg Income 4100-30-072 0 0 8,710 7,000 1,710 7,000 (1,710)
Legislative Reimbursement 4100-30-147 0 0 0 0 0 17,500 17,500
Total Revenue 0 0 8,710 7,000 1,710 24,500 15,790
Salaries 5010-30-000 11,780 11,580 49,144 46,318 2,826 138,954 89,810
Contract Lobbyists / Temp Help 5010-30-051 6,666 12,166 26,664 48,664 (22,000) 116,000 89,336
Payroll Taxes 5020-30-052 989 1,025 4,385 4,100 285 12,301 7,916
Health/Security/LTD 5020-30-070 1,525 1,605 5,921 6,420 (499) 19,259 13,338
Pension 5020-30-139 1,173 1,205 4,887 4,820 67 14,460 9,573
Incentive Compensation 5010-30-058 0 0 0 0 0 10,841 10,841
Auto Expense 5030-30-000 104 180 302 730 (428) 2,050 1,748
Corporate Travel 5030-30-178 0 0 495 800 (305) 4,000 3,505
Miscellaneous Meetings 5035-30-072 35 970 3,377 6,280 (2,903) 12,000 8,623
Professional Studies 5040-30-149 0 0 0 0 0 2,500 2,500
Legal Research & Representation 5040-30-161 0 500 0 1,500 (1,500) 3,500 3,500
Office Exp. 5050-30-000 354 600 1,586 2,400 (814) 7,125 5,539
Office Equipment Lease 5050-30-066 83 16 131 66 65 200 69
Office Equipment Maintenance 5050-30-067 58 55 272 220 52 1,250 978
Postage - GAC 5050-30-069 0 100 530 700 (170) 1,200 670
Contract Printing 5050-30-074 0 0 86 250 (164) 4,700 4,614
Membership Dues 5060-30-061 0 0 500 845 (345) 3,445 2,945
Subscriptions 5060-30-062 0 10 0 290 (290) 510 510
Donations 5060-30-063 0 50 0 150 (150) 600 600
LRC Membership 5060-30-160 0 0 2,500 2,500 0 2,500 0
Coalitions 5060-30-259 2,500 625 2,500 2,500 0 2,500 0
Rent - Leg. Office 5070-30-000 4,051 4,137 15,990 16,550 (560) 49,646 33,656
Internet Service Provider 5084-30-000 120 110 360 440 (80) 1,320 960
Telephone Exp.- Leg. 5086-30-000 232 400 637 1,550 (913) 4,000 3,363
Cell Phone Exp.- Leg. 5087-30-000 533 200 1,022 800 222 2,400 1,378
WebEx 5088-30-000 0 0 0 0 0 1,000 1,000
Public Works Promotion 5120-30-080 5,000 500 12,500 2,000 10,500 5,000 (7,500)
Public Works Committee 5120-30-153 0 0 6,351 7,000 (649) 7,000 649
State Facilities Committee 5120-30-155 0 0 0 0 0 0 0
LEARN 5130-30-083 0 0 0 0 0 1,000 1,000
Legislative Reporting Service 5130-30-147 0 0 1,264 1,770 (506) 3,870 2,606
Gov't Affairs Committee Exp. 5130-30-148 0 100 0 400 (400) 1,200 1,200
Insurance & Bonds 5900-30-064 0 0 1,447 1,550 (103) 1,550 103
Depreciation 6950-30-000 1,302 1,305 5,208 5,220 (12) 15,625 10,416
Total Expenses 36,505 37,439 148,059 166,833 (18,774) 453,506 305,447
Net Income (36,505) (37,439) (139,349) (159,833) 20,484 (429,006) (289,657)
Associated General Contractors of Washington
Statement of Operations
GOVERNMENT AFFAIRS COUNCIL
For the 04 Month(s) ending 04/30/2015
28
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Salaries 5010-31-000 2,411 2,411 9,760 9,644 116 28,932 19,172
Payroll Taxes 5020-31-052 214 218 861 873 (12) 2,618 1,758
Health/Security/LTD 5020-31-070 300 314 1,198 1,256 (58) 3,769 2,571
Pension 5020-31-139 228 244 953 975 (22) 2,924 1,971
Incentive Compensation 5010-31-058 0 0 0 0 0 2,114 2,114
Auto Expense:BUILD 5030-31-000 0 0 0 0 0 200 200
Corporate Travel 5030-31-178 0 0 0 0 0 500 500
Misc. Meetings 5035-31-072 0 0 0 0 0 300 300
Office Exp. 5050-31-000 0 20 360 80 280 240 (120)
Indirect Overhead / Admin - Build Pac 5060-31-063 3,099 3,305 5,366 5,455 (89) 5,855 489
Total Expenses 6,252 6,512 18,498 18,283 215 47,452 28,955
Net Income (6,252) (6,512) (18,498) (18,283) (215) (47,452) (28,955)
Associated General Contractors of Washington
Statement of Operations
BUILD-PAC
For the 04 Month(s) ending 04/30/2015
29
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Misc. Meetings 4100-33-072 0 0 0 0 0 1,500 1,500
Total Revenue 0 0 0 0 0 1,500 1,500
Salaries 5010-33-000 250 250 1,000 1,000 0 3,000 2,000
Payroll Taxes 5020-33-052 22 23 88 92 (5) 277 190
Health/Security/LTD 5020-33-070 19 30 75 120 (44) 359 283
Pension 5020-33-139 18 27 72 109 (37) 326 254
Incentive Compensation 5010-33-058 0 0 0 0 0 205 205
Miscellaneous Meetings 5035-33-072 0 0 0 0 0 4,000 4,000
Total Expenses 308 330 1,235 1,321 (86) 8,167 6,932
Net Income (308) (330) (1,235) (1,321) 86 (6,667) (5,432)
Associated General Contractors of Washington
Statement of Operations
AGC - FEDERAL FACILITIES
For the 04 Month(s) ending 04/30/2015
30
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Misc Income/Labor Forms 4900-34-220 0 0 32 0 32 0 (32)
Total Revenue 0 0 32 0 32 0 (32)
Salaries 5010-34-000 13,963 13,962 56,818 55,850 968 167,549 110,732
Payroll Taxes 5020-34-052 1,179 1,286 4,971 5,146 (174) 15,437 10,466
Health/Security/LTD 5020-34-070 1,477 1,959 5,923 7,836 (1,912) 23,507 17,583
Pension 5020-34-139 1,254 1,517 5,135 6,067 (932) 18,201 13,066
Incentive Compensation 5010-34-058 0 0 0 0 0 13,432 13,432
Auto Expense 5030-34-000 56 100 282 400 (118) 1,200 918
Legal 5040-34-060 0 600 2,870 2,400 470 7,200 4,330
Office Exp. 5050-34-000 34 40 114 160 (46) 480 366
Postage - Labor 5050-34-069 2 10 75 40 35 120 45
Cell Phone Exp.- Labor 5087-34-000 150 75 433 300 133 900 467
Labor Relations 5120-34-163 826 200 1,118 800 318 2,400 1,282
Trustee Expense 5120-34-166 0 0 550 0 550 1,550 1,000
Events - Turner School 5150-34-172 0 0 0 0 0 0 0
Depreciation 6950-34-000 32 32 129 128 1 386 257
Total Expenses 18,972 19,781 78,418 79,126 (708) 252,362 173,944
Net Income (18,972) (19,781) (78,386) (79,126) 740 (252,362) (173,976)
Associated General Contractors of Washington
Statement of Operations
LABOR
For the 04 Month(s) ending 04/30/2015
31
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Salaries 5010-40-000 856 856 3,424 3,424 0 10,272 6,848
Payroll Taxes 5020-40-052 74 80 299 322 (23) 965 666
Health/Security/LTD 5020-40-070 116 121 462 484 (21) 1,451 989
Pension 5020-40-139 80 83 328 334 (5) 1,001 673
Incentive Compensation 5010-40-058 0 0 0 0 0 818 818
Auto Expense 5030-40-000 0 0 0 0 0 0 0
Corporate Travel 5030-40-178 0 0 0 200 (200) 525 525
Resource Materials 5050-40-074 0 150 40 150 (110) 300 260
Open Shop Dinner Meeting 5120-40-167 0 200 348 200 148 375 27
Open Shop Speaker Exp. 5120-40-168 0 50 0 100 (100) 200 200
Open Shop Meeting Costs 5120-40-169 95 0 258 100 158 200 (58)
Open Shop Seminars 5120-40-170 0 0 318 75 243 375 57
Top Student Awards 5120-40-171 100 500 100 500 (400) 575 475
Misc. Industry Support 5120-40-172 0 500 0 500 (500) 1,025 1,025
Total Expenses 1,320 2,541 5,577 6,388 (812) 18,083 12,506
Net Income (1,320) (2,541) (5,577) (6,388) 812 (18,083) (12,506)
Associated General Contractors of Washington
Statement of Operations
OPEN SHOP
For the 04 Month(s) ending 04/30/2015
32
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Members' Event Income 4100-12-175 0 0 0 0 0 4,500 4,500
District Mtgs - Seattle 4100-12-177 840 1,450 4,200 5,800 (1,600) 13,700 9,500
Golf - Seattle District 4150-12-176 19,650 46,000 40,350 47,500 (7,150) 44,000 3,650
Total Revenue 20,490 47,450 44,550 53,300 (8,750) 62,200 17,650
Salaries 5010-12-000 9,230 9,230 36,919 36,919 0 110,756 73,837
Payroll Taxes 5020-12-052 795 861 3,231 3,446 (214) 10,337 7,105
Health/Security/Ltd 5020-12-070 1,159 1,213 4,637 4,853 (216) 14,560 9,922
Pension 5020-12-139 949 995 3,891 3,978 (88) 11,935 8,045
Incentive Compensation 5010-12-058 0 0 0 0 0 8,318 8,318
Auto Expense 5030-12-000 75 125 2,471 500 1,971 1,500 (971)
Miscellaneous Meetings 5035-12-072 88 0 347 375 (28) 1,500 1,153
Office Expense 5050-12-000 110 250 110 250 (140) 500 390
Postage - Seattle District 5050-12-069 3 0 4 0 4 400 396
Contract Printing 5050-12-074 0 0 0 0 0 600 600
Membership Dues 5060-12-061 500 500 500 500 0 4,000 3,500
Donations 5060-12-063 0 0 0 0 0 1,500 1,500
Cell Phone Exp.- Seattle 5087-12-000 150 75 281 300 (19) 900 619
Local Gov't Affairs 5130-12-174 2,860 0 3,086 250 2,836 6,000 2,914
Membership Promotion 5140-12-080 0 0 0 0 0 3,200 3,200
Holiday Open House 5140-12-175 0 0 0 0 0 10,000 10,000
Memb mtgs/ Seattle 5140-12-177 0 1,600 4,654 6,600 (1,946) 18,500 13,846
Member Events - Expense 5150-12-175 0 0 0 0 0 10,000 10,000
Golf Tournament - Seattle District 5150-12-176 800 12,000 1,874 12,800 (10,926) 44,000 42,126
Depreciation 6950-12-000 22 0 88 0 88 0 (88)
Total Expenses 16,741 26,849 62,093 70,771 (8,678) 258,506 196,413
Net Income 3,749 20,601 (17,543) (17,471) (72) (196,306) (178,763)
Associated General Contractors of Washington
Statement of Operations
SEATTLE DISTRICT
For the 04 Month(s) ending 04/30/2015
33
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
District Mtgs - Southern 4100-14-177 495 1,800 6,655 5,500 1,155 18,900 12,245
Golf - Southern District 4150-14-176 0 0 500 300 200 37,000 36,500
Total Revenue 495 1,800 7,155 5,800 1,355 55,900 48,745
Salaries 5010-14-000 11,955 11,954 47,819 47,817 2 143,450 95,631
Payroll Taxes 5020-14-052 1,019 1,141 4,159 4,563 (403) 13,688 9,529
Health/Security/LTD 5020-14-070 1,814 1,912 7,257 7,647 (390) 22,941 15,684
Pension 5020-14-139 1,085 1,143 4,485 4,570 (85) 13,711 9,226
Incentive Compensation 5010-14-058 0 0 0 0 0 12,955 12,955
Auto Expense 5030-14-000 100 150 400 600 (200) 1,800 1,400
Corporate Travel 5030-14-178 37 45 77 180 (103) 540 463
Miscellaneous Meetings 5035-14-072 44 125 717 500 217 1,500 783
Office Exp. 5050-14-000 10 200 779 800 (21) 2,400 1,621
Office Equipment Maintenance 5050-14-067 95 250 476 1,000 (524) 3,000 2,524
Postage - South District 5050-14-069 0 122 0 488 (488) 1,464 1,464
Office Equipment - Interest - FIFE 5050-14-290 37 58 240 242 (2) 650 410
Subscriptions 5060-14-062 0 0 0 75 (75) 150 150
Donations - Pierce County CC Day 5060-14-063 0 0 1,000 0 1,000 1,000 0
Telephone Exp.- Southern 5086-14-000 579 575 2,310 2,300 10 6,900 4,590
Cell Phone Exp.- Southern 5087-14-000 150 70 281 280 1 840 559
Memb Mtgs/ Southern 5140-14-177 700 2,300 4,260 7,900 (3,640) 28,100 23,840
Golf Tournament - Southern District 5150-14-176 0 0 0 0 0 36,000 36,000
Depreciation 6950-14-000 115 115 458 458 (0) 802 344
Total Expenses 18,073 20,159 75,388 79,420 (4,032) 291,891 216,503
Net Income (17,578) (18,359) (68,233) (73,620) 5,387 (235,991) (167,758)
Associated General Contractors of Washington
Statement of Operations
SOUTHERN DISTRICT
For the 04 Month(s) ending 04/30/2015
34
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Memb Mtgs/Northern District 4100-46-177 0 0 0 0 0 0 0
Membership Training 4100-46-189 0 0 0 0 0 0 0
Total Revenue 0 0 0 0 0 0 0
Salaries 5010-46-000 4,740 4,740 18,958 18,958 (0) 56,875 37,917
Payroll Taxes 5020-46-052 405 448 1,666 1,792 (126) 5,377 3,711
Health/Security/LTD 5020-46-070 672 710 2,690 2,839 (149) 8,516 5,826
Pension 5020-46-139 498 519 2,044 2,075 (31) 6,226 4,182
Incentive Compensation 5010-46-058 0 0 0 0 0 4,773 4,773
Auto Expense 5030-46-000 616 200 1,709 800 909 2,400 691
Corporate Travel 5030-46-178 164 0 164 0 164 600 436
Miscellaneous Meetings 5035-46-072 59 150 66 550 (484) 1,600 1,534
Office Exp. 5050-46-000 0 0 75 200 (125) 750 675
Postage - North District 5050-46-069 19 50 19 200 (181) 600 581
Membership Dues 5060-46-061 0 0 440 295 145 1,000 560
Subscriptions 5060-46-062 0 0 301 165 136 190 (111)
Rent - N. District 5070-46-000 750 750 3,000 3,000 0 9,000 6,000
Telephone Exp.- Northern 5086-46-000 0 0 25 20 5 50 25
Cell Phone Exp.- Northern 5087-46-000 150 80 281 320 (39) 960 679
Community Services/ Image Bldg 5120-46-185 0 0 150 0 150 1,500 1,350
Membership Training 5120-46-189 0 300 1,439 1,000 439 4,000 2,561
Local Gov't Affairs 5130-46-174 0 0 438 300 138 1,000 562
Membership Promotion 5140-46-080 0 100 9 300 (291) 1,000 991
Memb mtgs/ Northern 5140-46-177 830 600 3,220 2,400 820 7,200 3,980
Insurance & Bonds 5900-46-064 0 0 528 600 (72) 600 72
Total Expenses 8,902 8,646 37,223 35,815 1,408 114,217 76,994
Net Income (8,902) (8,646) (37,223) (35,815) (1,408) (114,217) (76,994)
Associated General Contractors of Washington
Statement of Operations
NORTHERN DISTRICT
For the 04 Month(s) ending 04/30/2015
35
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
Memb Mtgs/Central Wa District 4100-48-177 0 500 0 500 (500) 1,000 1,000
Member Training 4100-48-189 0 0 0 300 (300) 600 600
Golf Tournament-Central WA 4150-48-081 420 0 920 0 920 16,000 15,080
Misc. Income 4900-48-194 0 0 0 0 0 0 0
Total Revenue 420 500 920 800 120 17,600 16,680
Salaries 5010-48-000 6,278 6,277 25,110 25,109 1 75,328 50,218
Payroll Taxes 5020-48-052 541 590 2,190 2,359 (169) 7,077 4,887
Health/Security/LTD 5020-48-070 849 887 3,391 3,547 (156) 10,641 7,251
Pension 5020-48-139 585 612 2,408 2,447 (39) 7,342 4,934
Incentive Compensation 5010-48-058 0 0 0 0 0 6,000 6,000
Auto Expense 5030-48-000 0 0 0 0 0 0 0
Corporate Travel 5030-48-178 0 0 501 1,670 (1,169) 2,070 1,569
Office Exp. 5050-48-000 34 100 190 400 (210) 1,425 1,235
Office Equipment Maintenance 5050-48-067 0 0 0 0 0 0 0
Postage - Central District 5050-48-069 3 0 55 25 30 225 170
Utilities 5050-48-186 0 0 0 0 0 0 0
Membership Dues 5060-48-061 0 350 1,230 1,000 230 2,750 1,520
Subscriptions 5060-48-062 0 50 0 100 (100) 200 200
Rent - C. District 5070-48-000 629 585 2,374 2,340 34 7,020 4,646
Internet Service Provider 5084-48-000 64 60 192 240 (48) 720 528
Telephone / Cable TV - Central 5086-48-000 64 61 192 244 (52) 732 540
Cell Phone Exp.- Central 5087-48-000 443 70 574 280 294 840 266
Member Training Meetings 5120-48-189 0 150 0 600 (600) 1,800 1,800
HR Roundtable 5120-48-266 0 200 7 400 (393) 650 643
Local Gov't Exp. 5130-48-174 10 200 72 400 (329) 1,000 929
Membership Promotion 5140-48-080 74 200 1,024 800 224 2,400 1,376
Memb mtgs/ Central WA 5140-48-177 0 500 223 1,300 (1,077) 3,300 3,077
Golf Tournament - Central District 5150-48-081 1,192 100 1,229 1,200 29 15,000 13,771
Insurance & Bonds 5900-48-064 0 0 581 650 (69) 650 69
Depreciation 6950-48-000 34 34 137 136 1 410 273
Total Expenses 10,799 11,026 41,680 45,248 (3,568) 147,581 105,902
Net Income (10,379) (10,526) (40,760) (44,448) 3,688 (129,981) (89,222)
Associated General Contractors of Washington
Statement of Operations
CENTRAL DISTRICT
For the 04 Month(s) ending 04/30/2015
36
APR APR YTD YTD YTD Annual Budget
ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining
LT Investment - Dividend MM 4801-90-000 198 0 2,719 0 2,719 0 (2,719)
LT Investment - Bond Interest 4802-90-000 0 2,000 2,806 8,000 (5,194) 24,000 21,194
LT Inv Real Gain(Loss)-Basis 4850-90-000 11,514 0 31,905 0 31,905 0 (31,905)
LT Inv Unreal Gain(Loss)-Mrkt 4851-90-000 (17,563) 0 17,059 0 17,059 0 (17,059)
Total Revenue (5,851) 2,000 54,490 8,000 46,490 24,000 (30,490)
Investment Consultant Fee 5800-90-000 2,961 0 5,847 3,000 2,847 12,000 6,153
Total Expenses 2,961 0 5,847 3,000 2,847 12,000 6,153
Net Income (8,812) 2,000 48,643 5,000 43,643 12,000 (36,643)
Associated General Contractors of Washington
Statement of Operations
NON-OPERATING
For the 04 Month(s) ending 04/30/2015
37
TAB 3
TAB 4
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The End Of Membership As We Know It (based on the book)Associations are challenged more than ever before to retain membership, market to prospective members, and raise revenue. Learn new ways to help your association build a sustainable, prosperous, next generation association that will corner the marketplace and keep members coming back for more.
Amplify Association ROIOn the heels of a down economy and on the brink of the largest shift in human capital in history, members are demanding a greater return for their dues than ever before. Learn how members’ expectations of membership have changed, how to prove the ROI of membership, and deliver must-have membership to your association.
Membership Growth: What’s Love Got To Do With ItGenerations X (1965-1981) and Y (1982-1995) are technology-savvy, globally minded, and socially conscious. However, few associations realize Xers and Ys value relationships more than anything else. Learn how to engage these generations with innovative recruiting and retention strategies that generate trust, inspire a shared vision, and build community.
Generations@WorkA core challenge over the next decade will be to attract and retain a skilled workforce. In this presentation audiences learn how to foster a culture of collaboration, acceptance, and productivity, measure and bridge talent gaps, and inspire each generation for greater success.
Workforce 2020: Preparing For What (And Who) The Future Will BringAlthough the future is diffi cult to predict, a number of trends have emerged which depict the workforce of 2020. Audiences will learn about these trends impact the workplace and become more responsive to change.
Sarah Sladek, CEO, XYZ University
Book Sarah Sladek. Your future depends on it.Contact: [email protected] | (763) 458-9326
Media mentions:
Sarah Sladek’s keynotes have been described as “thought provoking” and “a wake-up call”. Backed by years of experience, supported by solid research, and enhanced by multimedia, Sladek’s keynotes are perfect for meetings, conferences and company-wide events. We guarantee your audience will learn something new and gain practical solutions that can be immediately applied. Some of Sladek’s most popular keynotes include:
NEW! Summer 2014! Knowing Y: Engage the Next Generation Now
By 2015, Generation Y will overtake the Baby Boomer population in the workforce, impacting the economy and the association community. Sarah Sladek’s fourth book,
Knowing Y: Engage the Next Generation Now, from ASAE’s publishing arm Association Management Press, provides advice on how to engage Gen Y, offering insight on the impending economic revolution and how this generation will wield tremendous infl uence on society and why associations need to incorporate them into their organizations Knowing Y includes research, quizzes, and case studies of how organizations are incorporating strategies to reach out to Gen Y from Sarah Sladek, an experienced marketing and media professional that has spent 12 years researching these demographic shifts.
Y will overtake the Baby Boomer
workforce, impacting the economy and the association
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