agc of washington board of trustees retreat june …...1. 'roof surfaces: main building roof...

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

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

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

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

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

-


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


Unaudited Statement of Activities by Cost Center


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


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)


Statement of Operations

CONSOLIDATED


9



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)



ASSOCIATION


10



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



BUILDING & MARINA


11



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



SEATTLE BUILDING


12





SEATTLE BUILDING


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



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


Pension 5020-75-139 830 874 3,450 3,496 (46) 10,488 7,038


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



SEATTLE MARINA


14



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)



FIFE BUILDING


15



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


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)



BOARD OF TRUSTEES


16



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


Pension 5020-17-139 139 180 552 718 (166) 2,154 1,602


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)



TECHNOLOGY


17



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


Pension 5020-18-139 1,342 1,393 5,508 5,573 (65) 16,719 11,212


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)



ADMINISTRATION


18



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


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)



ACCOUNTING


19



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


Pension 5020-22-139 1,104 1,152 4,483 4,608 (125) 13,824 9,341


Auto Expense 5030-22-000 0 500 227 620 (393) 1,400 1,173


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)



COMMUNICATIONS


20



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)



MEETING AND EVENTS


21



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


Auto Expense 5030-25-000 207 100 311 400 (90) 1,200 890


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)



SPECIAL EVENTS


22



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


Pension 5020-36-139 955 1,049 3,960 4,194 (234) 12,583 8,622


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)



MEMBER SERVICE


23



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


Pension 5020-16-139 127 133 487 533 (46) 1,598 1,112


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)



FUTURE LEADERSHIP FORUM


24



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


Pension 5020-26-139 104 148 394 593 (199) 1,780 1,385


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)



WORKFORCE DEVELOPMENT


25



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


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


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)



SAFETY


26



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



GROUP RETRO


27



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


Pension 5020-30-139 1,173 1,205 4,887 4,820 67 14,460 9,573


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)



GOVERNMENT AFFAIRS COUNCIL


28



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


Pension 5020-31-139 228 244 953 975 (22) 2,924 1,971


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)



BUILD-PAC


29



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


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)



AGC - FEDERAL FACILITIES


30



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


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)



LABOR


31



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


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)



OPEN SHOP


32



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


Auto Expense 5030-12-000 75 125 2,471 500 1,971 1,500 (971)


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


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)



SEATTLE DISTRICT


33



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


Pension 5020-14-139 1,085 1,143 4,485 4,570 (85) 13,711 9,226


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)



SOUTHERN DISTRICT


34



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


Pension 5020-46-139 498 519 2,044 2,075 (31) 6,226 4,182


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


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)



NORTHERN DISTRICT


35



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


Pension 5020-48-139 585 612 2,408 2,447 (39) 7,342 4,934


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)



CENTRAL DISTRICT


36



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)



NON-OPERATING


37

Knowing Y (based on the book, new in 2014!)Generation Y (1982-1995) isn’t joining, buying, networking, learning, or engaging like other generations. This presentation addresses the fusion of economic shifts and the Gen Y perspective, which is changing everything from recruiting and member benefi ts to technology, events, and advocacy. Learn how to create an association that is relevant in this changing marketplace and relevant to Y.

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

agc of washington board of trustees retreat june …...1. 'roof surfaces: main building roof...

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