Beruflich Dokumente
Kultur Dokumente
Notes:
______________________________________________________________________________
______________________________________________________________________________
______________________________________________________________________________
thanked Jeff and Coca Cola for supplying the refreshments that day. Ricky stated that they
had 9K gifts overall for this event.
Brad also thank Jenny Swindal for supporting the West Tampa and Dover Clubs with a
Christmas party where the kids were provided food, Nike shoes and a goody bag. Jenny
spoke and stated how much she enjoys spending time with the kids and Dover is a very special
club that board members should go out and visit.
Brad reported on the Riverview gym enclosure. The board gave $25K and the Foundation
$25K. The plan needs to be approved and they should start building 2 to 3 weeks after
approval. It should take 90 days to be completed.
The annual meeting will be held on March 26th at the Tampa History Center when board
awards will be presented. There will also be the election of officers.
Our kids participated in the St. Pete Bit Coin Bowl Backpack event along with ESPN, BGC of
the Suncoast and Feeding America. Both teams were there stuffing 2K backpacks with food
with the help of club members and staff from Suncoast and GBCTB.
Marc adjourned the meeting at 12:50 pm.
___________
Date
Board of Directors
From:
Date:
May 5, 2015
Please find attached the Statement of Financial Position and the Statement of
Activity for the Unrestricted Fund for the quarter ended March 31, 2015.
The remarks below are made regarding gross operations including all sources of
funding. We are currently slightly ahead of budget by $7,000 in Net
Surplus/(Deficit). Upon review of the financials, there are no significant variances
to report in income or expenses at this time.
Total Public Support and Revenue Ahead of Budget by $13,000
The slight budget surplus we have in Total Public Support is offset by the budget
shortfall in Program Service Revenue. As we have said before, we continue to
see a drop in membership revenue as we continue to receive grant funding from
the Department of Juvenile Justice for gang prevention (GPTTO) and
delinquency prevention (SMART) programs. Special Events are also ahead of
schedule by $15,000 which is due to primarily to key corporate sponsorships
coming in early this year for Steak Dinner.
Total Expenses Overage of $6,000
Note that the overage is due primarily to occupancy expense which is reflective
of the work that we are continuing to do in our clubs to make overdue repairs and
safety improvements.
Please let me know if you have any questions or comments on the statements.
Page 1
Temporarily
Restricted
Fund
3/31/2015
Unrestricted
Fund
3/31/2015
Total
All
Funds
3/31/2015
Endowment
Fund
3/31/2015
Total
All
Funds
3/31/2014
ASSETS
Current Assets
Cash & Cash Equivalents
Investments
Accounts Receivable
Other Receivables
Pledges Receivable - Current, net of allowance
Due from BGCTB Foundation
$682,805
$907,301
$677,883
$2,267,989
$2,606,057
$1,000,341
$245,005
$0
$1,245,346
$1,149,992
$339,543
$0
$0
$339,543
$584,912
$39,482
$0
$0
$39,482
$9,379
$51,013
$3,084
$0
$54,097
$50,002
$1,158,277
$25,000
$0
$1,183,277
$883,288
$82,588
$0
$0
$82,588
$95,945
$3,354,049
$1,180,390
$677,883
$5,212,323
$5,379,575
$7,537,226
$0
$0
$7,537,226
$7,500,838
$45,000
$0
$0
$45,000
$52,500
$0
$44,985
$0
$44,985
$117,375
$0
$77,384
$0
$77,384
$85,456
$12,828
$0
$0
$12,828
$2,610
$7,595,054
$122,369
$0
$7,717,423
$7,758,780
$10,949,103
$1,302,759
$677,883
$12,929,746
$13,138,355
Accounts Payable
$241,691
$0
$0
$241,691
$144,294
Accrued Expenses
$244,647
$0
$0
$244,647
$238,214
$558,807
$31,579
$0
$590,386
$303,004
$0
$4,000
$0
$4,000
$0
$1,045,145
$35,579
$0
$1,080,724
$685,512
Prepaid Expenses
Total Current Assets
Other Assets
Total Non Current Assets
TOTAL ASSETS
Deferred Revenue
Total Current Liabilities
Page 2
Temporarily
Restricted
Fund
3/31/2015
Unrestricted
Fund
3/31/2015
Total
All
Funds
3/31/2015
Endowment
Fund
3/31/2015
Total
All
Funds
3/31/2014
Other Liabilities
Deferred Lease Revenue
Total Other Liabilities
Total Liabilities
$144,000
$0
$0
$144,000
$192,000
$144,000
$0
$0
$144,000
$192,000
$1,189,145
$35,579
$0
$1,224,724
$877,512
$914,441
$0
$0
$914,441
$1,884,189
Net Assets
Unrestricted - from Operations
Unrestricted - Property and Equipment
$8,845,517
$0
$0
$8,845,517
$8,431,189
Temporarily Restricted
$0
$1,267,180
$0
$1,267,180
$1,252,559
Permanently Restricted
$0
$0
$677,883
$677,883
$692,906
$9,759,958
$1,267,180
$677,883
$11,705,022
$12,260,843
$9,759,958
$1,267,180
$677,883
$11,705,022
$12,260,843
$10,949,103
$1,302,759
$677,883
$12,929,746
$13,138,355
Total
Variance
%
Total
2015
Budget
Actual
03/31/14
847,000
1,913,000
325,000
2,156,500
5,241,500
210,684
421,574
33,341
688,685
1,354,284
212,849
470,706
30,251
711,253
1,425,059
210,000
475,000
35,000
700,000
1,420,000
2,849
(4,294)
(4,749)
11,253
5,059
1.4%
(0.9%)
43,925
24
1,946
45,895
45,000
1,250
6,500
52,750
(1,075)
(1,226)
(4,554)
(6,855)
(2.4%)
(98.1%)
(70.1%)
(25.2%)
279,500
5,000
26,000
310,500
388,540
(73,462)
315,078
375,000
(75,000)
300,000
13,540
1,538
15,078
3.6%
(2.1%)
5.0%
750,000
(144,000)
606,000
13,282
0.7%
6,158,000
(493)
(2,473)
1,617
(1,833)
(629)
(3,811)
(0.1%)
(3.8%)
3.0%
(8.7%)
(10.1%)
(0.5%)
2,976,000
260,000
240,000
86,500
25,000
3,587,500
1.6%
0.4%
Variance
Favorable
(Unfavorable)
Variance
%
2,165
49,132
(3,090)
22,568
70,775
1.0%
11.7%
(9.3%)
3.3%
5.2%
52,292
(633)
6,563
58,222
(8,367)
657
(4,617)
(12,327)
(16.0%)
(103.8%)
(70.3%)
(21.2%)
447,281
(53,931)
393,350
(58,741)
(19,531)
(78,272)
(13.1%)
36.2%
(19.9%)
1,805,856
(19,824)
(1.1%)
554,026
66,216
42,265
17,148
9,687
689,342
(146,467)
(1,257)
(9,618)
(5,685)
2,808
(160,219)
(26.4%)
(1.9%)
(22.8%)
(33.2%)
29.0%
(23.2%)
Revenue
Program Service Revenue
Investment Revenue
Other Revenue
Total Revenue
Special Events
Special Event Revenue
Special Event Expenses
Net Special Events
Total Public Support and Revenue
Expenses
Personnel Costs
Salaries
Employee Benefits
Payroll Taxes
Other Employee Costs
Other Personnel Costs
Total Personnel Costs
1,786,032
1,772,750
700,493
67,473
51,883
22,833
6,879
849,561
700,000
65,000
53,500
21,000
6,250
845,750
1 of 2
Variance
%
Total
2015
Budget
Actual
03/31/14
Variance
Favorable
(Unfavorable)
Variance
%
11,859
31,693
112,604
33,762
360,614
13,619
2,734
39,336
22,342
45,061
21,303
694,927
12,500
34,000
110,000
27,500
350,000
15,500
6,000
48,000
18,000
50,000
21,000
692,500
641
2,307
(2,604)
(6,262)
(10,614)
1,881
3,266
8,664
(4,342)
4,939
(303)
(2,427)
5.1%
6.8%
(2.4%)
(22.8%)
(3.0%)
12.1%
54.4%
18.1%
(24.1%)
9.9%
(1.4%)
(0.4%)
70,500
137,000
298,000
109,500
1,318,000
62,000
24,500
191,000
70,500
204,500
86,500
2,572,000
11,069
9,299
66,800
28,638
321,038
11,861
4,836
36,279
18,077
48,496
21,484
577,877
(790)
(22,394)
(45,804)
(5,124)
(39,576)
(1,758)
2,102
(3,057)
(4,265)
3,435
181
(117,050)
(7.1%)
(240.8%)
(68.6%)
(17.9%)
(12.3%)
(14.8%)
43.5%
(8.4%)
(23.6%)
7.1%
0.8%
(20.3%)
1,544,488
1,538,250
(6,238)
(0.4%)
6,159,500
1,267,219
(277,269)
(21.9%)
241,544
234,500
7,044
3.0%
538,637
(297,093)
(55.2%)
2 of 2
(1,500)