BOARD OF TRUSTEES MEETING November 9, 2015 11:00 AM – … · 11/8/2019 · Dec. 8 Central...

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BOARD OF TRUSTEES MEETING

November 9, 2015 11:00 AM – 1:30 PM

AGC Conference Center, Seattle, Washington PURPOSE OF MEETING: To conduct the business affairs and establish policies of the association.

DESIRED OUTCOMES: Knowledge of key association activities. Consensus on AGC of Washington’s five-year strategic direction. Review of preliminary 2016 budget.

AGENDA TAB

INTERVIEW OF GUBERNATORIAL CANDIDATES (30 min.) (Bill Bryant and Governor Inslee have been invited to attend)

CONSENT AGENDA (3 min.) 1. Approval of September summary minutes 1 2. Approval of October & November Membership reports 2 WRITTEN REPORTS

1. District Reports: Central, Northern, Seattle, Southern 3 2. Department Reports: FLF, Government Affairs, Legal Affairs 4

ORAL REPORTS 1. President’s Report (10 min.)

a. UW Student Chapter update b. Past Presidents & Old Timers’ Night recap c. National Chapters Leadership Conference recap d. Officers’ actions since last Board meeting: 1. Board Contingency Fund: $2,500 for Turner School Graduation Banquet $2,200 for FLF Oktoberfest Event 2. Attorney Kampbell & Johnson’s suggestion to reclassify AGC Building and its properties from a 501(c)6 to a 501(c)2 status – No action per Officers. d. AGC of America: Staff Years of Service Recognition – Penny Schmitt, 10 yrs.

2. Executive Vice President’s Report (5 min.) a. AGC of America update b. King County Construction Career Day recap c. Questions / comments for staff / Officers? 3. Executive Director AGC Education Foundation Report ` (5 min.)

(12 Noon, lunch) (25 min.)

INTERACTIVE DISCUSSION/ACTION 1. Should AGCWA endorse a gubernatorial candidate? - Gary Smith (20 min.) 5 2. Controller’s September Financial Report (approval) – Kelly Barber (10 min.) 6 3. Review updated Strategic Plan (approval) – Gary Smith (25 min.) 7 4. Proposed 2016 Operating & Capital Budget review – Kelly Barber (15 min.) 8

.OTHER BUSINESS (2 min.) 1. Announcements:

Dec. 4 Southern District Holiday Open House, Fife, 4-7 PM Dec. 7 Board of Trustees’ meeting, AGC Conference Center, 4-5 PM Seattle District Holiday Open House, Harborside, 5 PM Dec. 8 Central District Holiday Social, Yakima Dec. 15 Central District Holiday Social, Wenatchee

1:30 PM Meeting adjourned

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SUMMARY MINUTES AGC OF WASHINGTON BOARD OF TRUSTEES MEETING SEPTEMBER 14, 2015

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BOARD MEMBERS PRESENT Gary Smith Lease Crutcher Lewis WA, LLC Ken Day Ness & Campbell Crane, Inc. Mike Grace Groff Murphy, PLLC Jake Jacobson Osborne Construction Company Todd Kunzman Andgar Corporation Annie Lombroia Ashbaugh Beal Nancy Munro MidMountain Contractors, Inc. Jim Rowley Howard S. Wright, Balfour Beatty Co. J. Schaufelberger UW College of Built Environments Mark Seaman J.R. Abbott Construction Inc. Glyn Slattery Lydig Construction, Inc. Gordon Spencer Teknon Corporation BOARD MEMBERS ABSENT Delton Bonds Mountain States Const.Co Brent Levander Centennial Contractors Enterprises Paul Mayo Flatiron Constructors, Inc. Joe Simmons Joseph S. Simmons Construction, Inc.

Mickey Traugutt Washington Patriot Construction LLC Sharon Young Concord Construction, Inc. STAFF/GUESTS PRESENT David D’Hondt AGC of Washington Tim Attebery AGC of Washington Kelly Barber AGC of Washington Richard Bristow AGC of Washington Jerry Dinndorf AGC of Washington Liz Evans AGC of Washington Lauren Gubbe AGC Retro Randy Guzman AGC of Washington Mandi Kime AGC of Washington Diane Kocer AGC Education Foundation Stacy Mullane AGC of Washington Doug Peterson AGC of Washington Dani Tijan AGC of Washington Jerry VanderWood AGC of Washington

CALL TO ORDER President Gary Smith called the meeting to order at 11:05 AM.

CONSENT AGENDA Action: It was moved (Day), seconded (Slattery), and carried to accept the April and June summary minutes. It was moved (Kunzman), seconded (Day), and carried to accept the July through September Membership reports as presented. Re: July Membership Report (approved by Officers 7/13/15)

The following candidates have been screened and meet the proper classification requirements: NEW MEMBERS ASSOCIATE Seattle District National Glass Industries Inc., Woodinville, WA SERVPRO of Central Seattle, Kent, WA Southern District Frontier Construction Supply, LLC, Tacoma, WA Tacoma Glass Manufacturing, Lakewood, WA TEMP-AIR, Inc., Longview, WA INTRO RETRO SUBCONTRACTOR Central District Apex Plumbing & Mechanical Piping, Yakima, WA Northern District Bayshore Concrete, LLC, Arlington, WA Seattle District Anning-Johnson Company, Redmond, WA Southern District Foundation Specialists, LLC, Tacoma, WA

INTRODUCTORY SUBCONTRACTOR Seattle District Nussbaum Group, Inc., Kenmore, WA

YOUNG CONSTRUCTOR Seattle District Matthew Komisarz – Holiday-Parks, Inc Tim Ryan – Ryan Companies US, Inc.


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Re: August Membership Report (Approved by Officers 8/6/15)

The following candidates have been screened and meet the proper classification requirements: NEW MEMBERS ASSOCIATE Seattle District Titaan, LLC Chaz DeSteunder, Covington, WA INTRODUCTORY RETRO SUBCONTRACTOR Southern District National Concrete Cutting Inc., Milton, WA DISTRICT CHANGE Kiewit Infrastructure West – moved their main office contacts from Seattle to Vancouver which changes their district office from Seattle to Southern. Re: September Membership Report

The following candidates have been screened and meet the proper classification requirements: NEW MEMBERS ASSOCIATE Seattle District LCPtracker, Inc., Orange, CA Marsh USA, Inc., Seattle, WA INTRODUCTORY GENERAL CONTRACTOR Northern District TRICO Companies, LLC, Burlington, WA Seattle District Luke Electric LLC, Seattle, WA YOUNG CONSTRUCTOR Justin McCain – Tutor Perini WRITTEN REPORTS The following written reports were presented to the Board: district reports from the Central, Northern, Seattle, and Southern districts; and, Group Retro, Labor, Property, and Safety reports (copies attached to original summary minutes). Special recognition was given by Secretary/Treasurer Mark Seaman to Group Retro staff; and, 2nd Vice President Jake Jacobson gave kudos to the Safety Department staff. ORAL REPORTS AGC Education Foundation – Executive Director of the AGC Education Foundation, Diane Kocer, gave a brief update on the implementation phase of the Foundation’s Strategic Plan. She thanked the Board for its 35th endowment to the Foundation and recognized Jake Jacobson and Nancy Munro for their involvement with the Foundation on behalf of AGC of Washington.

President’s Report – President Smith reported on the recent Officers’ Retreat: Reviewed the 10-year capital improvement plan Reviewed AGCWA’s Strategic Plan, comments received from the June Board Retreat, Next Generation Task

Force meetings, and district managers’ meetings. Discussed relevance of Gen Y. Discussed continued alignment with the AGC Education Foundation and efforts to bring the two associations

closer together.


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Executive Vice President’s Report – Executive Vice President Dave D’Hondt reviewed meeting summaries from the Next Generation Task Force (see below; formerly Gen Y Task Force). He noted that Board members Paul Mayo, Jake Jacobson, Annie Lombroia, Mark Seaman, and Mickey Traugutt volunteered to serve on this task force. He also noted that 460 people are currently involved with FLF (Future Leaders Forum); they (FLF) offered to take a look at AGCWA’s new database and website and give input. D’Hondt reported the Next Generation Task Force has met twice and came up with the following AGCWA SWOT and goals (based on the idea of engaging and servicing the younger generation): STRENGTHS

Resources Technology savvy Connected (communication) Collaborate Efficient Volume of people Crowd share Meaningful (cause-based) Well-educated generalists Transparent Joiners Connected with the community

WEAKNESSES Lack of information on opportunities Lack of funding in schools Not independent Short attention span (career & life) Other generations lack of knowledge about

Gen Y OPPORTUNITIES

Information to potential workers Fast track leadership

Innovation Recognition Meaningful

THREATS In 2.5 years they will go away Do nothing & lose the resource

GOALS

Mentorship Survey – generation census AGC Education Foundation (Workforce

Development) – huge opportunity to collaborate here on keeping AGC relevant, not strictly focusing on Gen Y

Marketing strategies (video, build brand, Annual Mtg., testimonials)

Social media strategy Combined meetings (with Officers) Educate members on Gen Y FLF governance on AGC Board (Gen X or Y) AGCWA Student Chapters (UW, CWU, WSU) Define “IT” (what event can AGC put on that

450 FLF want to participate in?)

INTERACTIVE DISCUSSION/ACTION Controller’s Financial Report – Controller Kelly Barber reviewed the financials for the month ended July 31, 2015. As of July 31, 2015, the Net Operating Income (NOI) equaled $1.437M vs. a year-to-date budget NOI of $861K creating a favorable year-to-date budget variance of $576K. The year-to-date positive revenue variance of $454K combined with the positive expense variance of $122K produced the total favorable year-to-date budget variance of $576K.

The year-to-date positive revenue variance of $454K was primarily from above budget revenue in Retro Sponsorship Fees, Membership Dues, and Other Rent Revenue along with all other revenue categories.

The year-to-date positive expense variance of $122K was primarily comprised of under budget expenses in most expense categories except for Consultant Fees, Membership Dues / Donations and Event expense.


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The building’s occupancy rate was 94% as of July 31, 2015. As of September 1, the building was 100% occupied.

Action: It was moved (Day), seconded, and carried to approve the July Financial Report as presented.

Proposed 2016 Budget Assumptions & Priorities: Controller Kelly Barber reviewed changes to AGC’s Budget Assumptions and Priorities for 2016 (in red).

AGC OF WASHINGTON 2016 Proposed Budget Assumptions and Priorities

20165 Budget Assumptions: 1. 20165 AGC dues budget will equal up to 1.725MM 2. Total budgeted net income will be positive without reduction in member services. 3. AGC will continue support to the Education Foundation, which will be the primary resource for education and

training services to the membership and implementing workforce development programs in the school systems. 4. The Property Committee will continue to implement and refine the ten-year capital improvement plan to replace

old systems. 5. AGC Building and Marina budgeted revenues will reflect a minimum 5% vacancy rate. 6. AGC Building & Marina profits, if any, will continue to be used to support AGC programs (after providing for

necessary capital improvements and maintaining the building at a high level). 7. Group Retro program will continue to pay its own operating expenses, & provide income to AGC, and AGC will

provide the Group Retro program tools and support to grow (i.e. ad campaign, financial reporting, etc.). 8. Continue providing resources for safety services to members. and possibly expand services to Inland NW AGC 9. Continue resources aimed at providing value to future leaders in the industry (FLF). 10. Identify and promote non-dues related, income-producing projects, supporting the Association’s strategic directions. 11. Continue to measure program effectiveness, member satisfaction and industry needs. 12. Continue to invest in enhancements to internal and external communications to increase participation of members in AGC products, programs and issues, build membership, improve industry image, and promote AGC’s vision, values and positions. 13. Budget for an appropriate amount of reserves on an annual basis. (Per Board policy #22, the minimum reserve account balance will be the greater of 30% of AGC’s annual budget revenues or the annual earthquake insurance deductible). 14. For major events, e.g. annual meeting, golf tournaments, etc., income will be greater than or equal expenses. 15. Committee meeting costs such as meals and parking will be totally subsidized for participants. 16. AGC’s 20165 Charter Fee, payable to AGC of America, will be $317 06.5K. 17. The Government Affairs department budgets will be capped at 15% or less of total Association

expenses, so that AGC of Washington does not jeopardize its 501(c)6 tax exempt status. 20165 Budget Priorities (ranked as A, B, C for Strategic Plan purposes): 1. Collaborate with AGC Education Foundation Executive Committee to improve communications, transparency,

and development of goals. self-sufficiency within 3-5 years. A 2. Continue dialogue with universities (UW, WSU, and CWU) on what we can do to mutually support each other. A 3. Adopt new technologies and increase resource allocation, as appropriate, to improve and expand AGC’s delivery of information and communication to members. A

Action: After some discussion, it was moved (Day), seconded, and carried to approve the proposed 2016 Budget Assumptions & Priorities as presented. OTHER BUSINESS 2016 Budget – President Smith reported that the first reading of the 2016 budget would occur at the November 9 Board meeting, with final approval in December. He noted that the Officers will review


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Strategic Plan goals and objectives from today’s meeting in October. If the goals and objectives have budget implications, they will be added to the 2016 budget.

L.E.A.R.N. (Legislative Education and Relationship Network) Program – Chief Lobbyist Jerry VanderWood thanked Board member Mickey Traugutt and others who have contributed to developing deeper relationships between legislators and members through involvement in the L.E.A.R.N. program. He encouraged others to contact him (JV) if interested.

Miscellaneous Seattle District – Seattle District Manager Jerry Dinndorf encouraged attendance at the following events:

9/15 Seattle District Membership Meeting with guest speaker Bill Bryan, Port Commissioner and gubernatorial candidate; and, the Port’s new Chief Executive Ted Fick, on the Seaport Alliance and the 10 billion in improvements planned for SeaTac over the next 20 years..

9/23 Federal Transit Administration (FTA) Workshop with Sound Transit, Puget Sound Regional Council, King County, and the AGC of WA. The event will focus on opportunities for public entities and the development community to partner on real estate investments near existing and future light-rail stations.

11/4 Contractor Exchange where primes and small contractors including women and minority companies can meet and share information on upcoming projects and capabilities.

Seattle District Advocacy – Dinndorf reported that Sound Transit is considering requiring ready-mix drivers to sign on to its Project Labor Agreement. AGCWA recently sent a letter to Sound Transit stating its strong opposition to making this a requirement for ready-mix producers.

Westlake Cycle Track – Dinndorf advised that construction will begin this month on the Westlake Cycle Track.

Dawn Stephens – President Smith introduced and welcomed Dawn Stephens with Charter Construction, Inc., who has been selected by the Officers and Nominating Committee for the 2016 Secretary/Treasurer position; it was noted that she will shadow Mark Seaman for the remainder of this year.

Announcements Sept. 15 Seattle District Membership Mtg., 7:30 AM, Harborside Oct. 7 Southern District Membership Dinner, 5 PM, Tacoma Elks Club Pavilion Oct. 20 Seattle District Membership Mtg., 7:30 AM, Harborside Nov. 4 Southern District Membership Dinner, 5 PM, Tacoma Elks Club Pavilion Nov. 9 Board of Trustees’ mtg., 11 AM – 1:30 PM, AGC Conference Center

President Smith reported that he and some of the officers and staff will be attending the upcoming NCLC (National Chapters Leadership Conference) in Washington, DC, and will have opportunity to meet with congressional leaders regarding issues pertinent to the chapter. STRATEGIC PLAN D’Hondt introduced Executive Director Cary Hegreberg with the Montana Contractors Association, who facilitated the Strategic Plan portion of the meeting. After self-introductions, the group reviewed the updated BHAG’s (since the June 5 Board Retreat), as follows: BHAG 1: Create a movement for membership, not a market share.

Membership Numbers as of July 31, 2015:

GC (173); SUB (181); ASSOC. (221): Total: 575

Membership Numbers as of July 31, 2014:

GC (181); SUB (177); ASSOC. (219): Total 577


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(Champions: David D'Hondt, Jake Jacobson) Timeframe

2015 2016 2017 2018 2019

SMART GOAL 1: Involve the next generation while respecting all generations by being welcoming and providing meaningful opportunities.

Objective I: Survey companies to get a census of the generations.

Timeframe: March 2016 March

Responsible: Stacy Mullane, Officers

Objective II: Make a plan to have an FLF rep (or 2) on the AGC Board.

Timeframe: Dec. 1 2015 Dec. 1

Responsible: David D'Hondt, Officers

Objective III: Have 2 meetings per year with the AGC Officers and the FLF Steering Committee.

Timeframe: 2 in 2016 Nov.

Responsible: David D'Hondt, Andrew Ledbetter

Objective IV: Define "IT" for an event that will attract the entire group of 460 FLF registered participants.

Timeframe: 2 years Sept.

Responsible: David D'Hondt, FLF Steering Committee

Objective V: Review status of relationships with AGC Student Chapters in Washington and recommend to the AGC Board a plan to enhance the relationships.


Responsible: Dave Kearby, Andrew Ledbetter

SMART GOAL 2: Increase membership services.

Objective I: Enhance industry knowledge of Safety Team® (ST) as premier and utilize the success of that program to open contracting opportunities for members.


Responsible: David D'Hondt, Mandi Kime, Safety Committee


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Objective II: Market AGC Safety Team® to be used nationwide through the AGC of America.


Responsible: David D'Hondt, Mandi Kime, Officers

2015 2016 2017 2018 2019

SMART GOAL 3: Create overarching marketing plan for member recruitment.

Objective I: Create a timeline and material list for action items.

Timeframe: 4 months Jan.

Responsible: Sean Lewis, District Managers

Objective II: Discuss changing Subcontractor membership category to Specialty Contractor.

Timeframe: Dec. 1, 2015 Dec. 1

Responsible: Stacy Mullane, AGC Board

SMART GOAL 4: Collaborate with the Education Foundation at a higher level.

Objective I: Work collaboratively with the Education Foundation to create and fund an AGC of Washington Construction Academy and facilitate discussions with other chapters on what works.

Timeframe: 5 years 2020

Responsible: David D'Hondt, Nancy Munro

Objective II: Work collaboratively with the Education Foundation to educate members on the strengths of the next generations.


Responsible: David D'Hondt, Diane Kocer

Objective III: Work collaboratively with the Education Foundation for mentoring opportunities for the next generations in the construction industry.


Responsible: David D'Hondt, AGC Board, Diane Kocer

Objective IV: Work collaboratively with the Education Foundation to benchmark and measure AGC member participation in Education Foundation classes; measurements of students per year to include:


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a. Number of members taking classes

b. Number of member companies taking classes

c. Number of non‐member students taking classes

d. Number of non‐member companies taking classes

e. Number of classes in each district

Timeframe: 5 years 2020

Responsible: Kelly Barber, Diane Kocer

SMART GOAL 5: Increase diversity of AGC membership.

Objective I: Create a Diversity Task Force that evaluates options and reports back to the Board.

Timeframe: Sept. 2016 Sept.

Responsible: David D'Hondt, Nancy Munro

Yellow highlight indicates previous information.

Gray highlight indicates new information.

Comments regarding SMART GOAL 1: Gen Y could not care less about market share/numbers. Objective I: Suggest surveying members; an in depth interview process w/GC’s, Subs,

Associates & what issues are they facing now? Our programs should fit the needs of the membership. Responsible: Annie Lombroia, Nancy Munro, Jim Rowley, Mark Seaman, Gordon Spencer to assist staff with SMART GOAL 1.

Objective II: Should we increase Board to add 1 FLF and/or 1 Gen Y? Responsible: It was the consensus to add an FLF rep and that the group of Obj. I volunteers work with staff on the parameters of this objective on whether or not it should be a voting member or non-member trustee, a GC or Sub member, should FLF select the Board representative, should the maximum age be 30 or 40, 1 yr. term with a maximum 3 yr. commitment, etc. Note, this will require a bylaws’ change.

Objective III: It was suggested that once a year the Officers could invite the FLF group to its meeting and the Officers could attend an FLF meeting during the year.

Objective IV: The FLF Steering Committee plans to “brainstorm” what “IT” is; survey suggested; philanthropic? Responsible: Mickey Traugutt, Board Member, assigned to work with staff on this.

Objective V: It was noted that AGCWA needs to re-establish its student chapter relationships with UW and WSU primarily (collaborate with Inland NW Chapter on WSU) and CWU (doing ok here). Focus on big 3, then expand; including faculty involvement. Consider expanding from construction management to civil engineering programs in the future. Responsible: It was agreed that Jake Jacobson and John Schaufelberger would take the lead on this objective and submit a report to the Board on recommended enhancements needed; i.e., funding student’s expense to the National Convention. D’Hondt to survey the 6 Board members not in attendance.


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Comments regarding SMART GOAL 2: Safety Team® is trademarked. AGC needs to help companies meet “safety” hurdles. Need to

market Safety Team® more for better recognition at the state level for improving overall safety qualifications/standards. Get a state public agency to recognize Safety Team®. Officers and D’Hondt plan to meet with AGC of America’s Steve Sandherr regarding the possibility of establishing an AGC National Safety program and to discuss this at the next Western Chapters Meeting.

Comments regarding SMART GOAL 3: Each district is unique and doing different things; there is a lot of marketing that can be done that

is common to all districts.

Comments regarding SMART GOAL 4: The Education Foundation is working on its Strategic Plan now; explore possibilities between EdF

and AGCWA when their Strategic Plan is finished. The Education Foundation addresses workforce development in its Strategic Plan; good idea to see what other chapters and the industry are doing in this area. Currently there is a shortage of craft workers.

Comments regarding SMART GOAL 5: Increasing the diverse look and feel of AGC with good people ties into other goals. Talk to

members in the area, like Jim Suzuki with Shoreline Construction. It was noted that dues can be a challenge for W/MBE’s; possibly owners could pay the dues? Responsible: Ken Day agreed to be on the Diversity Development Task Force.

Previous BHAG 2 (removed): Does it need to be brought back? YES

AGC OF WASHINGTON STRATEGIC PLAN, BHAG 2

BHAG 2: To help elect a pro-business majority in the WA State Legislature by 2020.

Timeframe

Champions: David D'Hondt, Jake Jacobson 2013 2014 2015 2016 2017SMART GOAL 1: Increase member participation

Objective I: Increase member and legislative personal contact through L.E.A.R.N. Program to establish long-term relationships. (Target 10 additional visits with legislators per year.) Timeframe: 5 yrs. (Begin 2014) Ongoing activity with December updates. Responsible: Van Collins/ Jerry Vanderwood & District Managers Infrastructure is in place with the District Managers to start after session this year. There have been 2 visits so far this year. Objective II: Increase Voter Voice contacts in both quantity and quality through member visits. Timeframe: 1 yr. Responsible: Michele Willms / District Managers Objective III: Present Legislator of the Year Award at a Board meeting. Timeframe: 2013 Responsible: Van Collins

Dec

Dec Sept. Jan.

Dec Dec Jan.

Dec

Dec


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Senator Ann Rivers received at Annual Meeting Gray highlight indicates updated information. Yellow highlight indicates previously updated information. Blue highlight indicates objective completed. 5/28/2015

Comments regarding previous BHAG 2: Institutionalized L.E.A.R.N. How to expand participation to engage members (including Gen Y) in advocacy efforts; i.e.

marketing, testifying, more face-to-face contacts with legislators, etc. Governor’s office is the only place AGC does not have “influence.” Would like to be one of the top 3 in WA State in advocacy efforts. Goal should be: increase involvement of members in GAC. Also market needs to people

working for our members that don’t have money but would like to volunteer their time (what does that mean?)

Money is the biggest thing – money talks in Olympia; need to increase the size of our PAC (per D’Hondt, this is already a goal of the PAC; Jake Jacobson and Nancy Munro both serve on the PAC).

Important to advocate “against” not just “for” legislation / legislators. Encourage Board members to schedule a legislative “meet and greet” and/or jobsite visit.

It was the consensus of the group to put BHAG 2 back into the Strategic Plan. Responsible: Jake Jacobson, Ken Day, Annie Lombroia, and Mike Grace to spearhead the goals and objectives for this BHAG. Respect the fact that some companies wish to remain neutral.

BHAG 2: Create an industry leading IT program for members and staff that utilizes leading technologies and eases interface.

(Champions: Kelly Barber, Sean Lewis) Timeframe

2015 2016 2017 2018 2019

SMART GOAL 1: Improve technology at AGC of Washington.

Objective I: Form a Technology Task Force including FLF members to advise the AGC of WA on technology matters including social media strategies and report to the AGC of WA Board.

Timeframe: December 2015 Dec. Dec. Dec. Dec. Dec.

Responsible: Kelly Barber, Sean Lewis

Objective II: Partner with FLF to test and suggest improvements to the new website and database.

Timeframe: December 1, 2015 Dec. 1

Responsible: Stacy Mullane, Sean Lewis, FLF


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Objective III: Install video conferencing capabilities in the Seattle AGC office and AGC Conference Center for live conferencing webinars and pod casts.

Timeframe: October 2015 Oct.

Responsible: David D'Hondt, Kelly Barber

Yellow highlight indicates previous information.

Gray highlight indicates updated information.

Comments regarding BHAG 2 (Technology): Requires more conversation with the Officers; will report back to the Board in November.

BHAG 3: AGC of WA is prepared for future threats and opportunities that would change membership

as we currently know it.

(Champions: David D'Hondt, Gary Smith) Timeframe

2015 2016 2017 2018 2019

SMART GOAL 1: Identify threats and contingency plan.

Objective I: Research and identify a plan for membership retention if WA State became 3‐way for Industrial Insurance and Group Retro disappeared.


Responsible: Lauren Gubbe, David D'Hondt

SMART GOAL 2: Identify opportunities and contingency plan.

Objective I: Research and identify a plan if someone made an offer we can't refuse for the building and property.


Responsible: Mark Seaman, Gary Smith, David D'Hondt

Objective II: Research "The contractor of the future."

Timeframe: 1 year Sept.

Responsible: David D'Hondt, Stacy Mullane

Gray highlight indicates new information

8/26/2015 Comments regarding SMART GOAL 1:

If Washington State goes 3-way, it could mean the end of AGC Retro as we know it. How do you replace this revenue stream?


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Comments regarding SMART GOAL 2: AGC has no guidelines for future, potential sale of the building, if someone were to offer “stupid”

money. What would that number be? What should be done with the principal? Does this warrant a Board Policy? Responsible: It was agreed that the Officers carry on this discussion and do some of the modeling.

ADDITIONAL STRATEGIC PLAN COMMENTS Board Members ranked very high on their list of priorities the following:

Attract and retain quality employees; workforce development. Lobbying efforts (advocacy) Safety training and support Involve the next generation Increase member services Collaborate with the Education Foundation Improve technology

There being no further business to come before the Board, President Smith adjourned the meeting at 3:10 pm. __________________________________________________________________________________ Mark Seaman Date

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TAB 5

BOARD POLICY 8 — ENDORSEMENT OF BALLOT MEASURES OR CANDIDATES FOR POLITICAL OFFICE

The AGC of Washington reserves the right of formal endorsement of ballot measures or candidates

running for public office solely to the AGC Board of Trustees. The AGC Board may consider formal

endorsement of candidates running for the United States Senate, United States House of

Representatives, statewide political offices such as Governor or Supreme Court, or of proposed ballot

measures, either statewide or local. Formal AGC endorsement of candidates running for state

legislative or local government offices (i.e. city, county or ports) will not normally be considered.

Any AGC member in good standing, or any AGC committee, may recommend endorsement of

candidates or ballot measures to the Board of Trustees for consideration. Such recommendation shall

be made in writing, either by letter or electronic communication, to any of the AGC Officers or the AGC

Director of Government Affairs. Upon receipt of such recommendation, the Board shall give the

endorsement recommendation due and timely consideration. When considering any endorsement, the

Board shall develop and communicate the process it will use to determine whether to endorse any

candidate or ballot measure. Such process shall include discussions with AGC members in each AGC

district addressing the endorsement in question. The Board shall conduct its discussions leading to an

endorsement in a meeting open to AGC members. A decision by the Board of Trustees shall be

communicated to the membership.

If one or more contractor members of the AGC who are in good standing wish to support candidates for

political office or ballot measures, the AGC may lend in-kind support to AGC members as the Board

deems appropriate. Such in-kind support may include such services as printing, access to AGC mailing

lists, mailing, postage, direct mail solicitation (if the AGC member or members provide company or

personal stationery and envelopes), limited staff support and counseling, and other services. It shall be

expressly conveyed to such candidates, ballot measure committees, or contractors that such in-kind

support is not a formal endorsement by the AGC of Washington.

May 14, 1984 December 11, 2006

September 14, 2009 (Note: The following are guidelines only and not an official part of Policy 8) PROCESS USED IN 2008 ENDORSEMENT DELIBERATIONS:

1. Met with AGC members in each AGC District to discuss both the question of whether to endorse a candidate for Governor, as well as which candidate to endorse.

2. Prepared polling, campaign finance information and District results for AGC Board. 3. Invited both candidates to submit videos which were posted on the AGC webpage. 4. Board heard personal presentations from both candidates. 5. Board discussed endorsements pros and cons – both whether or not to endorse and if so, whom to endorse. 6. Board voted on endorsement. 7. AGC President telephoned both candidates and communicated decision.

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Page 1 of 2 For Internal Use Only

AGC 2015 September Financial Notes Net Operating Income – see Consolidated Statement of Operations (Page 9) As of September 30, 2015 the Net Operating Income (NOI) equals $1.354 million vs. a year-to-date budget NOI of $641K creating a favorable year-to-date budget variance of $713K. The year-to-date positive revenue variance of $504K combined with the positive expense variance of $209K produces the total favorable year-to-date budget variance of $713K. Income Variance The year-to-date positive revenue variance of $504K (see Consolidated Statement of Operations – YTD Variance column) is primarily from above budget revenue in Retro Sponsorship Fee, Membership Dues, and Other Rent Revenue along with all other revenue categories. Expense Variance The year-to-date positive expense variance of $209K is primarily comprised of under budget expenses in most expense categories except for Consultant fees, Membership Dues / Donations and Event expense. Accounts Receivable

Building Marina AR Parking AGCEF Other AR Total

August (1,945) 27,778 40,531 17,599 88,532 172,495

September 8,233 43,349 26,205 26,673 93,953 198,413 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.).

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AGC Financial Notes - Continued

Page 2 of 2 For Internal Use Only

AGC Actual / Forecast --- see 12 Month Actual / Forecast to Budget As of September 30, 2015, AGC’s 2015 annual forecast net operating income equals $726K versus an annual budget net operating income of $78K. AGC Building: Occupancy rate is 100% as of September 30, 2015. AGC’s building loan balance of $417K with Union Bank was paid off as June 5, 2015 per approval of the AGC Board of Trustees at the June 5th board meeting.

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For Internal Use Only September-15

2015 2015Total Total

Actual / Forecast Budget VarianceRetro Plan Income 2,033,127 1,742,760 290,367Retro Exp Gross (1,581,783) (1,517,760) (64,023)

Net Retro Income 451,344 225,000 226,344

REVENUESMembership Dues 1,800,623 1,725,000 75,623Program Revenue / Grant Revenue 182,380 173,022 9,358Event Revenue 293,360 253,850 39,510Building / Retail Rent (Seattle, Marina, Fife) 2,841,841 2,797,726 44,115Other Rent Revenue (Parking, Moorage) 1,013,868 922,040 91,828Other Revenue / CAM 76,928 62,100 14,828Misc Income 17,398 16,195 1,203Gain/Loss on Disposal of Asset 0 0 0

Operating Revenue 6,226,398 5,949,933 276,465

TOTAL REVENUE 6,677,742 6,174,933 502,809

EXPENSESSalaries 2,179,864 2,217,394 37,530Payroll Burden Taxes & Benefits 622,834 638,293 15,459Auto Expense / Corporate Travel 25,995 37,755 11,760Miscellaneous Meetings 94,923 121,350 26,427Consultant Fees 67,784 54,833 (12,951)Office Expense 60,326 77,923 17,597Membership Dues/Donations 181,436 168,612 (12,824)Rent 62,826 65,666 2,840Technology Expense 67,632 75,415 7,783Phone Exp. 32,123 34,542 2,419Program / Grant Expense 79,595 93,102 13,507Membership Promotion 150,051 179,100 29,049Event Exp 286,234 268,683 (17,551)Insurance / Tax / Training 62,598 65,050 2,452Building / Marina Expense 1,239,455 1,247,004 7,549Leasing Comm. Amortization 66,101 66,092 (9)Depreciation 671,618 686,382 14,764

TOTAL EXPENSES 5,951,396 6,097,196 145,800

OPERATING INCOME (LOSS) 726,347 77,737 648,610

NET OPERATING INCOME (LOSS) - FORECAST VS. BUDGET 726,347 77,737 648,610

Non-Operating Investment Income (Loss) (41,247) 12,000 (53,247)

NET INCOME (LOSS) 685,100 89,737 595,363

Gain/Loss on Disposal of Asset 0 0 0

TOTAL INCOME 685,100 89,737 595,363

Working CapitalNet Operating Income 726,347 77,737 648,610Amortization 66,101 66,092 9Depreciation 671,618 686,382 (14,764)

Available Cash (Working Capital) 1,464,066 830,211 633,855

Less:

Debt Service - Principle 450,140 78,000 (372,140)Capital Expenditures - Association 104,254 104,500 246Capital Expenditures - Seattle Building 186,731 198,930 12,199Capital Expenditures - Fife Building 43,329 55,000 11,671Capital Expenditures - Marina 8,756 0 (8,756)Tenant Improvements - Building 151,118 125,000 (26,118)Lease Commissions 86,307 80,000 (6,307)

Total Deductions 1,030,636 641,430 (389,206)

Cash (Working Capital) Variance Favorable (Unfavorable) 433,430 188,781 244,649

AGC of Washington2015 Cash Activity Forecast

3 of 37

Associated General Contractors of Washington

Statement of Financial PositionFor the Period Ending 09/30/2015

09/30/2015 12/31/2014

Unaudited Audited

ASSETS

Current Assets

Cash 1,843,954 2,553,041

Building Savings 400,813 200,369

Short-Term Investments 116,366 70,319

Accounts Receivable 198,413 145,406

Prepaid Expenses 135,926 203,978

Total Current Assets 2,695,472 3,173,113

Group Retrospective Rating Plan Assets 18,890,886 18,246,707

Prepaid Lease Commissions 139,831 82,109

Long Term Investments 2,145,777 2,236,072

Property and Equipment

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

Buildings 13,324,973 13,135,913

Leasehold Improvements 1,398,387 1,290,404

Furniture and Equipment 971,381 961,734

Automobiles 43,643 43,774

Marina 1,542,325 1,536,739

Total Property Plant and Equipment 19,656,848 19,344,701

Less: Accumulated Depreciation (11,011,895) (10,511,651)

Net Property Plant and Equipment 8,644,953 8,833,050

TOTAL ASSETS 32,516,918 32,571,051

LIABILITIES & NET ASSETS

Current Liabilities

Accounts Payable 93,862 470,185

Accrued Expenses 60,553 87,426

Deferred Income - 1,177,939

Current Portion - LT Debt 5,798 84,576

160,214 1,820,126

Group Retrospective Rating Plan Liability 18,890,886 18,246,707

Long Term Debt, Less Current Portion (202) 375,466

Tenant Deposits 218,225 190,763

Total Liabilities 19,269,123 20,633,061

Net Assets

Unrestricted 10,247,795 9,437,989

Board Designated 3,000,000 2,500,000

TOTAL UNRESTRICTED NET ASSETS 13,247,795 11,937,989

TOTAL LIABILITIES AND NET ASSETS 32,516,918 32,571,051

- -

[INTERNAL REPORT]

4 of 37

Unaudited

Changes in Net Assets 1,309,806

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

Depreciation 500,244

(Gain) Loss on Disposal of Property -

(Gain) Loss on Sales of Investments (52,725)

(Gain) Loss on Investments @ Market 88,159

(Increase) / Decrease in accounts:

Accounts Receivable (53,007)

Prepaid Expenses and Other Assets 10,330

Increase / (Decrease) in accounts:

Accounts Payable (376,322)

Accrued Expenses (26,873)

Tenant Deposits 27,463

Deferred Income (1,177,939)

Net Cash Provided / Used) by Operating Activities 249,136

Cash Flow From Investing Activities:

Purchase of Long Term Investment 54,861

Leasehold Improvements - Seattle Bldg (107,984)

Capital Improvements on Seattle Bldg (145,731)

Capital Improvements on Marina (48,915)

Purchase of property, equipment and automobile (9,517)

Net Cash Provided / (Used) by Investing Activities (257,286)

Cash Flow from Financing Activities:

Current Long Term Debt (78,778)

Long Term Debt / Loan Payments (375,668)

Net Cash Provided / (Used) by Financing Activities (454,446)

Net Increase (Decrease) in Cash (462,596)

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 2,244,767

Cash Equivalents, End of Period 116,366

Total Cash and Cash Equivalents, End of Period 2,361,133

-


Cash Flow Statement

For the 09 Month(s) ending 09/30/2015

5 of 37

Associated General Contractors of Washington (INTERNAL REPORT)

09/30/2015

Schedule of Reserve Funds Balance

Operations 3000-10-901 840,000

Plant & Equipment 3000-10-902 2,060,000

Special Projects 3000-10-903 100,000

3,000,000

Seattle Building Savings Account 400,415

** Statement of Capital Expenditures 2015 Balance

(** Designed for Budget Monitoring Purposes) 09/30/2015 Approved Budget Remaining

Parking Lot Improvements 1503-50-000 - - -

Fife Building 1505-85-000 43,329 55,000 11,671

Furniture & Fixtures 1508-10-000 - - -

Office Equipment 1509-10-000 - - -

Automobile - Safety Dept. 1510-10-000 (130) - 130

Computer Hardware/Software 1513-10-000 9,647 104,500 94,853

SEA Bldg - Tenant Improvements 1550-50-000 107,984 125,000 17,016

SEA Bldg - Capital Improvements 1551-50-000 145,731 198,930 53,199

SEA Bldg - Lease Commissions 1402-50-050 60,791 80,000 19,209

Seattle Marina 1575-75-000 5,586 - (5,586)

372,938 563,430 190,492

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 6950-12-000 197 - (197)

Southern District Office 6950-14-000 1,031 802 (229)

Technology 6950-17-000 13,133 13,500 367

Administration 6950-18-000 6,881 8,066 1,185

Accounting 6950-19-000 1,179 1,179 0

State Government 6950-30-000 11,719 11,746 27

Labor Relations 6950-34-000 290 288 (2)

Membership 6950-36-000 18,814 22,775 3,961

Safety 6950-42-000 6,816 7,380 564

Central District 6950-48-000 308 306 (2)

Seattle Building 6950-50-000 373,039 375,964 2,926

Seattle Marina 6950-75-000 38,548 38,444 (104)

Fife Building 6950-85-000 28,291 34,560 6,269

500,244 515,010 14,766

YTD 2015 Balance

Board Contingency Expenses: 5120-13-054 09/30/2015 Approved Remaining

Board Board

Budget Contingency Contingency

Try-A-Trade Career Fair 1,000

Citizens for a Humane Jail 500

20,000 1,500 18,500

09/30/2015

6 of 37

YTD

ACTUAL BUDGET VAR ACTUAL BUDGET VAR ACTUAL BUDGET VAR

I. Building & Properties:

a) Seattle Building 2,386,382 2,275,460 110,922 1,273,752 1,286,088 (12,337) 1,112,630 989,372 123,258

b) Seattle Marina 553,694 522,298 31,396 329,288 362,807 (33,519) 224,406 159,491 64,915

c) Fife Building 37,166 28,638 8,528 88,883 91,549 (2,666) (51,717) (62,911) 11,193

Total Building & Properties 2,977,241 2,826,396 150,845 1,691,923 1,740,444 (48,521) 1,285,318 1,085,952 199,367

II. Association:

1. Financial Assets 0 0 0 0 0 0 0 0 0

2. Admin. & Management

a) Board of Trustees 0 0 0 39,087 59,296 (20,210) (39,087) (59,296) 20,210

b) Technology 0 0 0 86,262 93,029 (6,767) (86,262) (93,029) 6,767

c) Administration 29,408 23,500 5,908 240,654 250,445 (9,791) (211,246) (226,945) 15,699

d) Accounting 10,846 9,195 1,651 153,632 158,411 (4,779) (142,785) (149,216) 6,431

40,254 32,695 7,559 519,634 561,181 (41,547) (479,380) (528,486) 49,106

3. Member Services

a) Communications 0 7,000 (7,000) 155,239 174,167 (18,928) (155,239) (167,167) 11,928

b) Meetings & Events 0 0 0 47,755 74,650 (26,895) (47,755) (74,650) 26,895

c) Special Events 138,730 123,000 15,730 182,769 162,323 20,446 (44,039) (39,323) (4,716)

d) Member Service 1,806,486 1,731,000 75,486 145,694 160,980 (15,285) 1,660,791 1,570,020 90,771

e) Future Leadership Forum 9,600 9,000 600 25,049 31,672 (6,622) (15,449) (22,672) 7,222

1,954,816 1,870,000 84,816 556,507 603,792 (47,285) 1,398,309 1,266,208 132,101

4. Education & Training Service

a) Workforce Development 0 0 0 154,367 143,396 10,971 (154,367) (143,396) (10,971)

b) Safety 91,144 85,272 5,872 317,623 319,247 (1,624) (226,479) (233,975) 7,497

c) Group Retro 1,637,207 1,363,320 273,887 1,185,861 1,138,320 47,541 451,346 225,000 226,346

1,728,351 1,448,592 279,759 1,657,851 1,600,964 56,887 70,500 (152,372) 222,872

5. Government Relations

a) Government Affairs Council 26,210 24,500 1,710 295,183 347,255 (52,072) (268,973) (322,755) 53,782

b) Build-Pac 0 0 0 35,099 35,875 (777) (35,099) (35,875) 777

c) AGC - Federal Facilities 0 0 0 2,818 3,289 (471) (2,818) (3,289) 471

26,210 24,500 1,710 333,100 386,419 (53,320) (306,890) (361,919) 55,030

6. Industry Relations

a) Labor 784 0 784 183,141 183,016 125 (182,357) (183,016) 659

b) Open Shop 0 0 0 13,062 13,412 (350) (13,062) (13,412) 350

784 0 784 196,206 196,428 (222) (195,422) (196,428) 1,006

7. Districts

a) Seattle District 56,461 51,250 5,211 169,997 173,811 (3,813) (113,536) (122,561) 9,024

b) Southern District 62,157 47,400 14,757 197,560 218,013 (20,452) (135,404) (170,613) 35,209

c) Northern District 1,380 0 1,380 84,960 83,921 1,039 (83,580) (83,921) 341

d) Central WA District 21,455 16,800 4,655 107,318 111,532 (4,214) (85,863) (94,732) 8,869

141,453 115,450 26,003 559,836 587,276 (27,440) (418,383) (471,826) 53,443

Total Association 3,891,867 3,491,237 400,630 3,823,133 3,936,059 (112,926) 68,735 (444,822) 513,557

Total of Assoc. & Prop 6,869,109 6,317,633 551,476 5,515,056 5,676,503 (161,448) 1,354,053 641,130 712,923

Non-Operating Income (Loss) (38,400) 18,000 (56,400) 5,847 9,000 (3,153) (44,247) 9,000 (53,247)

Grand Total 6,830,708 6,335,633 495,075 5,520,903 5,685,503 (164,601) 1,309,806 650,130 659,676


Unaudited Statement of Activities by Cost Center


REVENUE EXPENSES REVENUE OVER EXPENSES

7 of 37

MTD

ACTUAL BUDGET VAR ACTUAL BUDGET VAR ACTUAL BUDGET VAR


a) Seattle Building 268,292 257,342 10,950 122,204 119,446 2,757 146,088 137,896 8,193

b) Seattle Marina 61,991 58,043 3,948 25,540 47,075 (21,535) 36,451 10,968 25,483

c) Fife Building 4,140 3,182 958 8,548 7,294 1,254 (4,409) (4,112) (296)

Total Building & Properties 334,422 318,567 15,855 156,292 173,816 (17,524) 178,130 144,751 33,379

II. Association:



a) Board of Trustees 0 0 0 5,778 3,672 2,107 (5,778) (3,672) (2,107)

b) Technology 0 0 0 9,590 9,531 59 (9,590) (9,531) (59)

c) Administration 870 0 870 21,325 25,348 (4,023) (20,455) (25,348) 4,893

d) Accounting 1 0 1 13,669 16,839 (3,170) (13,668) (16,839) 3,172

871 0 871 50,363 55,391 (5,027) (49,492) (55,391) 5,899

3. Member Services

a) Communications 0 1,500 (1,500) 15,329 19,795 (4,467) (15,329) (18,295) 2,967

b) Meetings & Events 0 0 0 2,725 20,800 (18,075) (2,725) (20,800) 18,075

c) Special Events 0 0 0 2,806 2,950 (143) (2,806) (2,950) 143

d) Member Service 2,348 0 2,348 14,955 21,756 (6,801) (12,607) (21,756) 9,149

e) Future Leadership Forum 40 3,000 (2,960) 2,237 2,594 (356) (2,197) 406 (2,604)

2,388 4,500 (2,112) 38,053 67,895 (29,842) (35,665) (63,395) 27,730


a) Workforce Development 0 0 0 12,447 14,784 (2,338) (12,447) (14,784) 2,338

b) Safety 4,607 2,775 1,832 34,770 33,258 1,512 (30,163) (30,483) 320

c) Group Retro 110,000 126,480 (16,480) 110,000 126,480 (16,480) 0 0 0

114,607 129,255 (14,648) 157,217 174,523 (17,306) (42,610) (45,268) 2,658


a) Government Affairs Council 0 0 0 28,424 33,361 (4,936) (28,424) (33,361) 4,936

b) Build-Pac 0 0 0 3,250 3,472 (222) (3,250) (3,472) 222

c) AGC - Federal Facilities 0 0 0 307 330 (23) (307) (330) 23

0 0 0 31,981 37,163 (5,182) (31,981) (37,163) 5,182


a) Labor 64 0 64 21,846 19,781 2,065 (21,782) (19,781) (2,001)

b) Open Shop 0 0 0 1,123 1,316 (193) (1,123) (1,316) 193

64 0 64 22,969 21,097 1,872 (22,905) (21,097) (1,808)

7. Districts

a) Seattle District 935 1,450 (515) 17,801 25,674 (7,873) (16,866) (24,224) 7,358

b) Southern District 2,655 (6,500) 9,155 17,110 22,811 (5,702) (14,455) (29,311) 14,857

c) Northern District 0 0 0 8,214 9,086 (873) (8,214) (9,086) 873

d) Central WA District 0 0 0 9,199 9,776 (576) (9,199) (9,776) 576

3,590 (5,050) 8,640 52,324 67,347 (15,023) (48,734) (72,397) 23,663

Total Association 121,520 128,705 (7,185) 352,907 423,415 (70,508) (231,387) (294,710) 63,323

Total of Assoc. & Prop 455,942 447,272 8,670 509,199 597,231 (88,032) (53,257) (149,959) 96,702

Non-Operating Income (Loss) (43,378) 2,000 (45,378) 0 3,000 (3,000) (43,378) (1,000) (42,378)

Grand Total 412,564 449,272 (36,708) 509,199 600,231 (91,032) (96,635) (150,959) 54,324


Unaudited Statement of Activities by Cost Center

For the Month ending 09/30/2015

REVENUE EXPENSES REVENUE OVER EXPENSE

8 of 37

SEP SEP YTD YTD YTD Annual Budget

ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining

Retro Plan Income 110,000 126,480 1,637,207 1,363,320 273,887 1,742,760 105,553

Retro Exp Gross (110,000) (126,480) (1,185,861) (1,138,320) (47,541) (1,517,760) (331,899)

Net Retro Income 0 0 451,346 225,000 226,346 225,000 (226,346)

Membership Dues 2,348 0 1,800,623 1,725,000 75,623 1,725,000 (75,623)

Program / Grant Revenue 8,845 8,150 145,505 136,147 9,358 173,022 27,517

Event Revenue 180 (6,000) 290,359 250,850 39,509 253,850 (36,509)

Building / Retail Rent 243,285 237,872 2,129,156 2,085,041 44,115 2,797,726 668,570

Other Rent Revenue 83,895 75,520 786,607 694,780 91,827 922,040 135,433

Other Revenue / CAM 7,217 5,175 61,404 46,575 14,829 62,100 696

Misc Income 172 75 18,249 15,920 2,329 16,195 (2,054)

Total Revenue 345,942 320,792 5,683,248 5,179,313 503,935 6,174,933 491,685

Salaries 170,331 171,273 1,570,481 1,607,433 (36,952) 2,217,394 646,914

Payroll Burden Taxes and Benefits 50,654 53,191 463,686 478,720 (15,034) 638,293 174,607

Auto Expense / Corporate Travel (724) 4,697 16,651 28,413 (11,762) 37,755 21,104

Miscellaneous Meetings 2,791 26,076 71,036 107,463 (36,427) 121,350 50,314

Consultant Fees 521 2,173 61,667 48,715 12,953 54,833 (6,835)

Office Expense 2,647 5,715 39,562 57,159 (17,597) 77,923 38,361

Membership Dues/Donations 12,000 12,282 141,210 128,885 12,325 168,612 27,402

Rent 4,071 5,472 46,410 49,250 (2,840) 65,666 19,256

Technology Expense 5,748 5,845 52,621 60,405 (7,784) 75,415 22,794

Phone Expense 3,132 2,876 23,565 25,984 (2,419) 34,542 10,977

Program/Grant Expense 10,774 5,505 66,690 80,196 (13,506) 93,102 26,412

Membership Promotion 4,194 14,700 67,481 96,530 (29,049) 179,100 111,619

Event Expense 2,725 11,700 265,736 258,183 7,553 268,683 2,947

Insurance/Tax/Training 2,886 4,217 52,052 54,503 (2,451) 65,050 12,998

Building / Marina Expense 66,358 82,388 840,533 891,772 (51,239) 1,247,004 406,471

Leasing Comm. Amort. 5,508 5,507 49,569 49,563 6 66,092 16,523

Depreciation 55,583 57,134 500,244 515,010 (14,766) 686,382 186,137

Total Expenses 399,199 470,751 4,329,195 4,538,183 (208,988) 6,097,196 1,768,001

Net Operating Income (Loss) (53,257) (149,959) 1,354,053 641,130 712,923 77,737 (1,276,316)

LT Inv - Dividends/Interest 4,241 2,000 17,836 18,000 (164) 24,000 6,164

LT Inv - Net Gain (Loss) (47,619) 0 (56,236) 0 (56,236) 0 56,236

Investment Consultant Fee 0 (3,000) (5,847) (9,000) 3,153 (12,000) (6,153)

Non-Operating Income (Loss) (43,378) (1,000) (44,247) 9,000 (53,247) 12,000 56,247

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

Grand Total (96,635) (150,959) 1,309,806 650,130 659,676 89,737 (1,220,069)


Statement of Operations

CONSOLIDATED


9 of 37



Retro Plan Income 110,000 126,480 1,637,207 1,363,320 273,887 1,742,760 105,553

Retro Exp Gross (110,000) (126,480) (1,185,861) (1,138,320) (47,541) (1,517,760) (331,899)

Net Retro Income 0 0 451,346 225,000 226,346 225,000 (226,346)

Membership Due 2,348 0 1,800,623 1,725,000 75,623 1,725,000 (75,623)

Program / Grant Revenue 8,845 8,150 145,505 136,147 9,358 173,022 27,517

Event Revenue 180 (6,000) 290,359 250,850 39,509 253,850 (36,509)

Misc Income 147 75 18,174 15,920 2,254 16,195 (1,979)

Total Revenue 11,520 2,225 2,706,007 2,352,917 353,090 2,393,067 (312,940)

Salaries 142,957 143,900 1,314,275 1,353,266 (38,991) 1,865,256 550,981

Payroll Burden Taxes and Benefits 42,477 44,529 388,090 400,762 (12,671) 534,349 146,259

Auto Expense / Corporate Travel (724) 4,697 16,651 28,413 (11,762) 37,755 21,104

Miscellaneous Meetings 2,791 26,076 71,036 107,463 (36,427) 121,350 50,314

Consultant Fees 521 2,173 31,526 30,700 826 36,818 5,292

Office Expense 2,647 5,715 39,562 57,159 (17,597) 77,923 38,361

Membership Dues/Donations 12,000 12,282 141,210 128,885 12,325 168,612 27,402

Rent 4,071 5,472 46,410 49,250 (2,840) 65,666 19,256

Technology Expense 5,748 5,845 52,621 60,405 (7,784) 75,415 22,794

Phone Expense 3,132 2,876 23,565 25,984 (2,419) 34,542 10,977

Program/Grant Expense 10,774 5,505 66,690 80,196 (13,506) 93,102 26,412

Membership Promotion 4,194 14,700 67,481 96,530 (29,049) 179,100 111,619

Event Expense 2,725 11,700 265,736 258,183 7,553 268,683 2,947

Insurance/Tax/Training 2,886 4,217 52,052 54,503 (2,451) 65,050 12,998

Depreciation 6,707 7,249 60,367 66,041 (5,675) 87,757 27,390

Total Expenses 242,907 296,935 2,637,272 2,797,739 (160,467) 3,711,377 1,074,105

Net Operating Income (Loss) (231,387) (294,710) 68,735 (444,822) 513,557 (1,318,310) (1,387,045)

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

Grand Total (231,387) (294,710) 68,735 (444,822) 513,557 (1,318,310) (1,387,045)



ASSOCIATION


10 of 37



Building / Retail Rent 243,285 237,872 2,129,156 2,085,041 44,115 2,797,726 668,570

Other Rent Revenue 83,895 75,520 786,607 694,780 91,827 922,040 135,433

Other Revenue / CAM 7,242 5,175 61,479 46,575 14,904 62,100 621

Total Revenue 334,422 318,567 2,977,241 2,826,396 150,845 3,781,866 804,625

Salaries 27,374 27,373 256,206 254,167 2,039 352,139 95,933

Payroll Burden Taxes & Benefits 8,177 8,662 75,596 77,958 (2,362) 103,944 28,348

Consultant Fees - - 30,141 18,015 12,126 18,015 (12,126)

Building / Marina Expense 66,358 82,388 840,533 891,772 (51,239) 1,247,004 406,471

Leasing Comm. Amort. 5,508 5,507 49,569 49,563 6 66,092 16,523

Depreciation 48,875 49,885 439,878 448,969 (9,091) 598,625 158,748

Total Expenses 156,292 173,816 1,691,923 1,740,444 (48,521) 2,385,819 693,896

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

Net Operating Income (Loss) 178,130 144,751 1,285,318 1,085,952 199,367 1,396,047 110,729



BUILDING & MARINA


11 of 37



Building Rent - Seattle 4700-50-000 192,934 191,972 1,693,229 1,672,030 21,199 2,247,015 553,786

Parking Lot Income 4701-50-000 27,974 21,600 277,802 209,500 68,302 275,000 (2,802)

Operating Expense Reimb - Seattle Building 4702-50-000 5,549 5,000 53,536 45,000 8,536 60,000 6,464

Retail Rents 4703-50-000 41,683 38,350 358,484 345,150 13,334 460,200 101,716

Other Rental Income 4704-50-000 74 370 2,738 3,330 (592) 4,440 1,702

Late Fee Income:BLDG 4705-50-000 0 0 166 0 166 0 (166)

ATM Rental Income 4706-50-000 53 50 353 450 (98) 600 248

Misc Income - Bldg 4900-50-000 25 0 75 0 75 0 (75)

Total Revenue 268,292 257,342 2,386,382 2,275,460 110,922 3,047,255 660,873

Salaries 5010-50-000 17,984 17,984 168,161 161,853 6,308 215,805 47,643

Payroll Taxes 5020-50-052 1,531 1,612 15,012 14,510 502 19,347 4,335

Health/Security/LTD 5020-50-070 2,115 2,242 18,789 20,182 (1,392) 26,909 8,120

Pension 5020-50-139 1,606 1,745 14,883 15,701 (818) 20,935 6,052

Incentive Compensation 5010-50-058 0 0 0 4,995 (4,995) 15,136 15,136

Legal / Professional 5040-50-060 0 0 1,015 3,000 (1,985) 3,000 1,985

Audit 5040-50-076 0 0 8,411 8,250 161 8,250 (161)

Roof Repairs & Maint-Gen 6020-50-300 0 0 2,493 1,075 1,418 2,525 32

Pkg Lot Rep & Maint-Gen 6035-50-300 0 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 0 15,028 15,015 13 20,020 4,992

HVAC Contr Serv & Per-Gen 6040-50-300 0 0 5,430 4,515 915 6,020 590

HVAC Repairs & Maint-Off 6045-50-100 795 300 30,631 18,935 11,696 23,900 (6,731)

HVAC R & M- Conference Room 6045-50-300 0 500 1,086 1,500 (414) 2,000 914

Elev Contr Serv & Per-Off 6050-50-100 1,167 1,130 8,166 10,170 (2,004) 13,560 5,394

Elevator Rep & Maint-Off 6055-50-100 0 0 5,127 3,570 1,557 3,770 (1,357)

Electrical Rep & Supp-Off 6060-50-100 202 625 6,955 7,575 (620) 9,910 2,955

Plumbing Rep & Supp-Off 6070-50-100 0 500 5,434 5,400 34 6,900 1,466

Fire / Life / Safety-Gen 6080-50-300 1,712 385 11,648 12,505 (857) 16,145 4,497

General Repair & Maint-NR (Non-CAM Exp) 6100-50-000 0 0 2,312 6,000 (3,688) 6,000 3,688

General Rep & Maint-Off 6100-50-100 519 835 10,440 8,615 1,825 11,120 680

Painting & Decorating-Off 6110-50-100 0 0 1,129 2,550 (1,421) 2,725 1,596

Locks, Keys & Signage-Off 6120-50-100 402 600 2,771 4,550 (1,779) 5,150 2,379

Pest Control-Off 6130-50-100 0 57 357 513 (156) 684 327

Ext Landscaping Serv-Gen 6210-50-300 0 880 8,560 8,470 90 11,110 2,550

Ext Landscaping Rep-Gen 6220-50-300 164 150 164 300 (136) 300 136

Int Landscaping Serv-Off 6230-50-100 0 525 4,742 4,725 17 6,300 1,558

Base Janitorial Contr-Off 6310-50-100 7,700 7,200 66,004 64,800 1,204 86,400 20,396



SEATTLE BUILDING


12 of 37





SEATTLE BUILDING


Janitorial-Tenant Share 6310-50-900 178 177 1,599 1,593 6 2,124 525

Janitorial-Tenant Offset 6310-50-910 (178) (177) (1,599) (1,593) (6) (2,124) (525)

Janitorial Supplies-Gen 6320-50-300 3,003 1,665 20,516 14,985 5,531 19,980 (536)

Window Cleaning-Off 6330-50-100 0 0 4,416 4,195 221 5,195 779

Other Janitorial Serv-Off 6380-50-100 650 200 3,978 1,000 2,978 1,200 (2,778)

Other Janitorial Serv-Gen 6380-50-300 425 425 2,550 3,825 (1,275) 5,100 2,550

Other Security Serv-Gen 6450-50-300 0 0 3,195 3,510 (315) 3,510 315

Electricity-Off 6510-50-100 13,072 8,420 80,225 75,780 4,445 101,040 20,815

Water/Sewer-Off 6520-50-100 5,201 2,600 22,750 23,400 (650) 31,200 8,450

Water/Sewer-Tenant Share 6520-50-900 1,128 1,225 10,645 11,025 (380) 14,700 4,055

Water/Sewer-Tenant Offset 6520-50-910 (1,128) (1,225) (10,645) (11,025) 380 (14,700) (4,055)

Gas-Off 6530-50-100 2,498 4,585 23,880 41,265 (17,385) 55,020 31,140

Trash Removal & Recyc-Off 6550-50-100 3,731 1,600 21,180 14,400 6,780 19,200 (1,980)

Marketing & Leasing-NR 6710-50-000 0 100 0 900 (900) 1,200 1,200

Tenant Relations-NR 6720-50-000 145 4,600 5,150 4,800 350 4,900 (250)

On-Site Costs-Gen 6740-50-300 759 417 6,376 3,750 2,626 5,000 (1,376)

Administrative / Office Exp 6780-50-000 259 583 2,975 5,250 (2,275) 7,000 4,025

Other Administrative-Gen 6780-50-300 357 667 3,921 6,000 (2,079) 8,000 4,079

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 86,668 84,375 2,293 112,500 25,832

Interest Expense 6910-50-000 0 0 21,385 16,050 5,335 16,050 (5,335)

Bad Debt: BLDG 6920-50-000 0 0 0 0 0 0 0

Brokers' Commission-Amortizatn 6600-50-000 5,167 5,166 46,500 46,494 6 62,000 15,500

Depreciation 6950-50-000 41,449 41,774 373,039 375,964 (2,926) 501,286 128,247

Total Expenses 122,204 119,446 1,273,752 1,286,088 (12,337) 1,799,172 525,420

Net Income 146,088 137,896 1,112,630 989,372 123,258 1,248,083 135,453

13 of 37



Building Rent - Marina Bldg 4700-75-000 4,529 4,368 40,278 39,223 1,055 52,327 12,049

Moorage Rent/A-E Docks 4701-75-000 55,846 53,550 506,067 481,950 24,117 642,600 136,533

Other Income / Service Fee 4702-75-000 216 125 2,399 1,125 1,274 1,500 (899)

Late Fee Income 4705-75-000 (50) 0 600 0 600 0 (600)

LAB Fee 4707-75-000 1,450 0 4,350 0 4,350 0 (4,350)

Total Revenue 61,991 58,043 553,694 522,298 31,396 696,427 142,733

Salaries 5010-75-000 8,761 8,760 81,969 78,844 3,125 105,125 23,156

Payroll Taxes 5020-75-052 771 806 7,357 7,254 103 9,671 2,315

Health/Security/LTD 5020-75-070 1,120 1,162 9,939 10,458 (519) 13,944 4,005

Pension 5020-75-139 830 874 7,689 7,866 (177) 10,488 2,799


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

Audit 5040-75-076 0 0 18,300 4,100 14,200 4,100 (14,200)

Covered Moorage - R & M - NR 6020-75-000 0 0 0 1,450 (1,450) 1,450 1,450

Electrical Rep & Supp-NR 6060-75-000 0 0 2,359 1,150 1,209 1,150 (1,209)

Plumbing Rep & Supp-NR 6070-75-000 105 370 6,795 1,965 4,830 2,335 (4,460)

Fire / Life / Safety-NR 6080-75-000 50 45 474 1,715 (1,241) 2,610 2,136

General Reprs & Maint-NR 6100-75-000 767 340 8,585 3,060 5,525 4,080 (4,505)

Painting & Decorating-NR 6110-75-000 0 0 0 750 (750) 750 750

Locks, Keys & Signage-NR 6120-75-000 0 210 22 1,890 (1,868) 2,520 2,498

Base Janitorial Contr-NR 6310-75-000 235 235 1,645 2,115 (470) 2,820 1,175

Janitorial Supplies-NR 6320-75-000 75 75 600 675 (75) 900 300

Other Janitorial Serv-NR 6380-75-000 0 25 0 225 (225) 300 300

Land Lease Payments-NR 6460-75-000 0 0 74,977 82,900 (7,923) 111,400 36,423

Electricity-NR 6510-75-000 1,145 4,250 18,966 38,250 (19,284) 51,000 32,034

Electricity-Tenant Offset 6510-75-910 (1,253) (3,450) (23,224) (31,050) 7,826 (41,400) (18,176)

Water & Sewer-NR 6520-75-000 659 410 3,047 3,690 (643) 4,920 1,873

Water/Sewer-Tenant Offset 6520-75-910 (364) (205) (2,374) (1,845) (529) (2,460) (86)

Trash Removal & Recyc-NR 6550-75-000 3,968 1,665 13,179 14,985 (1,806) 19,980 6,801

Other Administration-NR 6780-75-000 0 550 2,815 4,950 (2,135) 6,600 3,785

Real Estate Taxes-NR 6810-75-000 0 22,000 17,435 44,000 (26,565) 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 40,184 42,129 (1,945) 56,175 15,991

Bad Debt: MARINA 6920-75-000 0 0 0 0 0 0 0

Depreciation 6950-75-000 4,283 4,272 38,548 38,444 104 51,259 12,711

Total Expenses 25,540 47,075 329,288 362,807 (33,519) 471,809 142,520

Net Income 36,451 10,968 224,406 159,491 64,915 224,618 213



SEATTLE MARINA


14 of 37



Office Rent - Fife Building 4700-85-000 4,140 3,182 37,166 28,638 8,528 38,184 1,019

Operating Exp Reimbursement - Fife Building 4702-85-000 0 0 0 0 0 0 0

Total Revenue 4,140 3,182 37,166 28,638 8,528 38,184 1,019

Salaries 5010-85-000 629 629 6,075 5,663 413 7,550 1,475

Payroll Taxes 5020-85-052 51 60 513 540 (27) 720 207

Health/Security/LTD 5020-85-070 97 101 862 906 (43) 1,207 345

Pension 5020-85-139 57 60 552 541 10 722 170

Incentive Compensation 5010-85-058 0 0 0 225 (225) 682 682

Audit 5040-85-076 0 0 2,415 2,415 (0) 2,415 0

Building Cleaning 6010-85-000 690 750 6,390 6,750 (360) 9,000 2,610

Supplies & Materials 6270-85-000 0 40 155 360 (205) 480 325

Misc. Building Maintenance 6290-85-000 1,023 475 9,742 4,275 5,467 5,700 (4,042)

Fire Alarm System Monitoring 6292-85-000 902 0 902 510 392 1,460 558

HVAC Maintenance & Repairs 6400-85-000 628 200 1,872 1,800 72 2,400 528

Electricity 6510-85-000 385 333 2,915 3,000 (85) 4,000 1,085

Water & Sewer 6520-85-000 437 165 1,793 1,485 308 1,980 187

Gas 6530-85-000 0 160 745 1,440 (695) 1,920 1,175

Trash Removal & Recyc 6550-85-000 165 140 1,316 1,260 56 1,680 364

Brokers' Commission - Amort - Fife 6600-85-000 341 341 3,069 3,069 0 4,092 1,023

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 28,291 34,560 (6,269) 46,080 17,789

Total Expenses 8,548 7,294 88,883 91,549 (2,666) 114,838 25,955

Net Income (4,409) (4,112) (51,717) (62,911) 11,193 (76,654) (24,937)



FIFE BUILDING


15 of 37



Salaries 5010-13-000 2,184 2,184 20,125 19,657 468 26,209 6,085

Payroll Taxes 5020-13-052 78 159 1,524 1,433 91 1,910 386

Health/Security/LTD 5020-13-070 199 206 1,768 1,854 (86) 2,472 704

Pension 5020-13-139 216 223 1,997 2,003 (6) 2,670 674

Incentive Compensation 5010-13-058 0 0 0 450 (450) 1,364 1,364

Officers / Board Meetings 5035-13-056 836 0 6,048 7,600 (1,552) 7,600 1,552

Miscellaneous Expense 5035-13-072 1,764 900 5,459 4,950 509 5,850 391

Office Expense 5050-13-000 0 0 666 1,350 (684) 1,350 684

Board Contingency 5120-13-054 500 0 1,500 20,000 (18,500) 20,000 18,500

Total Expenses 5,778 3,672 39,087 59,296 (20,210) 69,425 30,339

Net Income (5,778) (3,672) (39,087) (59,296) 20,210 (69,425) (30,339)



BOARD OF TRUSTEES


16 of 37



Salaries 5010-17-000 1,870 1,870 17,688 16,830 858 22,440 4,752

Payroll Taxes 5020-17-052 147 161 1,442 1,447 (5) 1,930 488


Pension 5020-17-139 139 180 1,259 1,616 (356) 2,154 895


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

Miscellaneous Meetings 5035-17-072 35 30 193 270 (77) 360 167

Office Exp 5050-17-000 0 20 350 180 170 240 (110)

New Application 5081-17-017 0 250 0 750 (750) 1,000 1,000

Tech Equipment Maint- Parts 5082-17-000 64 800 1,912 7,200 (5,288) 9,600 7,688

Tech Equipment Maint- Parts 5082-17-019 0 0 708 0 708 0 (708)

Tech Equipment Maint- Parts 5082-17-036 0 0 0 0 0 0 0

Professional Service 5083-17-000 0 0 0 0 0 0 0

Professional Service 5083-17-017 2,866 3,000 23,663 27,000 (3,337) 36,000 12,337

Professional Service 5083-17-036 0 325 3,600 6,200 (2,600) 7,150 3,550

Professional Service 5083-17-042 0 0 0 0 0 0 0

Cell Phone Exp. 5087-17-000 150 190 1,200 1,710 (510) 2,280 1,080

New / Renewal Software License Fee 5089-17-017 2,618 1,000 17,468 10,500 6,968 11,500 (5,968)

Virus / Firewall Renewals 5089-17-062 0 0 1,606 3,525 (1,919) 3,525 1,919

Depreciation 6950-17-000 1,459 1,500 13,133 13,500 (367) 18,000 4,867

Total Expenses 9,590 9,531 86,262 93,029 (6,767) 120,010 33,748

Net Income (9,590) (9,531) (86,262) (93,029) 6,767 (120,010) (33,748)



TECHNOLOGY


17 of 37



Conference Center Rental 4100-18-238 100 0 1,350 600 750 600 (750)

McGraw Hill Affinity Plan 4100-18-303 0 0 448 0 448 0 (448)

Verizon Affinity Plan - NPP 4100-18-304 0 0 16,552 18,750 (2,198) 25,000 8,448

Enterprise Affinity Plan 4100-18-305 750 0 750 3,000 (2,250) 4,000 3,250

Office Depot Affinity Plan 4100-18-310 0 0 10,188 1,000 9,188 1,000 (9,188)

Misc Income 4900-18-194 20 0 120 75 45 100 (20)

Misc Income/Service 4900-18-195 0 0 0 75 (75) 100 100

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

Total Revenue 870 0 29,408 23,500 5,908 30,800 1,392

Salaries 5010-18-000 13,459 13,373 123,311 120,353 2,958 160,470 37,160

Temp Help 5010-18-051 0 175 0 1,575 (1,575) 2,000 2,000

Employee Milestone Awards 5010-18-057 0 0 4,689 1,480 3,209 2,220 (2,469)

Payroll Taxes 5020-18-052 638 1,060 9,692 9,541 151 12,721 3,029


Pension 5020-18-139 1,352 1,393 12,376 12,540 (164) 16,719 4,343


Auto / Travel Expense 5030-18-000 0 17 0 153 (153) 200 200

Miscellaneous Meetings 5035-18-072 142 370 3,852 3,330 522 4,440 588

Legal 5040-18-060 0 208 5,130 1,872 3,258 2,500 (2,630)

Office Exp. 5050-18-000 310 1,566 10,729 14,094 (3,365) 18,788 8,059

Office Equipment Lease 5050-18-066 0 0 2,310 1,845 465 2,460 150

Office Equipment Maintenance 5050-18-067 240 240 4,005 6,848 (2,843) 8,290 4,285

Postage - Administration 5050-18-069 7 50 105 450 (345) 600 495

Parking / Metro 5050-18-071 135 150 1,270 1,350 (80) 1,800 530

Contract Printing 5050-18-074 0 67 0 600 (600) 800 800

Office Equipment - Interest 5050-18-290 40 28 268 288 (20) 366 98

Membership Dues 5060-18-061 0 0 805 1,500 (695) 1,630 825

Subscriptions 5060-18-062 0 0 182 80 102 997 815

Donations/ Memorials 5060-18-063 0 100 386 900 (514) 1,200 814

Internet Connnection 5085-18-000 0 300 1,824 2,700 (876) 3,600 1,776

Telephone Exp.- Admin. 5086-18-000 901 550 4,296 4,950 (654) 6,600 2,304

Cell Phone Exp.- Admin. 5087-18-000 130 190 1,700 1,710 (10) 2,280 580

Insurance & Bonds 5900-18-064 0 0 7,600 8,500 (900) 8,500 900

Staff Professional Training 5900-18-065 1,570 2,917 24,345 26,253 (1,908) 35,000 10,655

Personal Property Taxes 5900-18-068 0 0 324 400 (76) 400 76

Depreciation 6950-18-000 765 896 6,881 8,066 (1,185) 10,754 3,873

Total Expenses 21,325 25,348 240,654 250,445 (9,791) 337,175 96,521

Net Income (20,455) (25,348) (211,246) (226,945) 15,699 (306,375) (95,129)



ADMINISTRATION


18 of 37



Misc. Income - Accounting 4900-19-195 1 0 1,651 0 1,651 0 (1,651)

AGCA Discount Earned 4900-19-200 0 0 9,195 9,195 0 9,195 0

Total Revenue 1 0 10,846 9,195 1,651 9,195 (1,651)

Salaries 5010-19-000 8,729 8,729 82,709 78,561 4,148 104,748 22,039

Temp Help 5010-19-051 0 2,500 2,192 7,500 (5,308) 10,000 7,808

Payroll Taxes 5020-19-052 688 759 6,767 6,831 (64) 9,108 2,341

Health/Security/LTD 5020-19-070 1,078 1,003 9,546 9,028 519 12,037 2,491

Pension 5020-19-139 816 841 7,493 7,571 (78) 10,095 2,602


Auto Expense 5030-19-000 0 20 18 180 (162) 240 222


Audit 5040-19-076 0 0 7,880 7,418 462 7,418 (462)

ADP Payroll Fees 5040-19-077 453 475 4,325 4,500 (175) 6,000 1,675

Professional Service 5040-19-144 68 290 1,516 2,610 (1,094) 3,500 1,984

Office Exp. 5050-19-000 47 85 444 765 (321) 1,020 576

Postage - Accounting 5050-19-069 111 135 691 1,215 (524) 1,620 929

Contract Printing 5050-19-074 0 0 349 550 (201) 550 201

Bank Charge 5050-19-231 38 25 447 225 222 300 (147)

Membership Dues 5060-19-061 0 0 (8) 735 (743) 735 743

Subscriptions 5060-19-062 0 0 106 120 (14) 120 14

Discounts Allowed (Visa/Dues) 5140-19-078 172 500 13,839 13,450 389 21,000 7,161

State Excise Taxes 5900-19-079 0 100 7,682 7,200 482 7,500 (182)

City Excise Tax 5900-19-279 1,316 1,200 6,063 6,000 63 7,500 1,437

Depreciation 6950-19-000 131 131 1,179 1,179 (0) 1,572 393

Total Expenses 13,669 16,839 153,632 158,411 (4,779) 212,445 58,813

Net Income (13,668) (16,839) (142,785) (149,216) 6,431 (203,250) (60,465)



ACCOUNTING


19 of 37



Website Advertising 4100-22-197 0 1,500 0 7,000 (7,000) 7,000 7,000

Total Revenue 0 1,500 0 7,000 (7,000) 7,000 7,000

Salaries 5010-22-000 11,539 11,469 105,520 103,224 2,296 137,632 32,112

Payroll Taxes 5020-22-052 914 1,069 8,731 9,619 (888) 12,826 4,095


Pension 5020-22-139 1,111 1,152 10,184 10,368 (184) 13,824 3,640


Auto Expense 5030-22-000 0 40 227 820 (593) 1,400 1,173


Professional Service 5040-22-144 0 50 0 450 (450) 600 600

Website Maintenance 5040-22-250 0 50 0 450 (450) 600 600

Office Exp. 5050-22-000 0 40 180 360 (180) 480 300

Postage - Communications 5050-22-069 128 269 1,726 4,000 (2,274) 4,000 2,274

Protrait Photography 5050-22-089 0 50 0 2,050 (2,050) 2,200 2,200

Subscriptions 5060-22-062 0 25 0 225 (225) 300 300

Cell Phone Exp.- Comm. 5087-22-000 75 100 675 900 (225) 1,200 525

Advertising 5140-22-082 0 3,000 12,569 11,200 1,369 12,300 (269)

Public Relations 5140-22-083 0 300 1,517 3,100 (1,584) 3,400 1,884

Newsletter 5140-22-084 0 175 0 1,575 (1,575) 2,100 2,100

Annual & Special Reports 5140-22-086 0 300 0 6,400 (6,400) 7,300 7,300

Total Expenses 15,329 19,795 155,239 174,167 (18,928) 232,065 76,826

Net Income (15,329) (18,295) (155,239) (167,167) 11,928 (225,065) (69,826)



COMMUNICATIONS


20 of 37



CEO Out of Town Travel 5035-24-090 0 0 583 1,350 (767) 2,000 1,417

Executive Leadership Council 5035-24-094 0 0 2,117 2,500 (383) 4,200 2,083

National AGC Convention 5035-24-095 0 0 24,850 35,000 (10,150) 35,000 10,150

Western Chapters Meetings 5035-24-098 0 0 11,741 6,300 5,441 8,500 (3,241)

National AGC Leadership Conference 5035-24-099 0 17,500 1,627 17,500 (15,873) 16,500 14,873

Chapter Meetings 5035-24-100 0 0 1,220 2,000 (780) 2,000 780

Miscellaneous Conference 5035-24-126 0 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 2,725 3,300 2,725 3,300 (575) 3,300 575

Total Expenses 2,725 20,800 47,755 74,650 (26,895) 78,200 30,445

Net Income (2,725) (20,800) (47,755) (74,650) 26,895 (78,200) (30,445)



MEETING AND EVENTS


21 of 37



Safety/Constr Awards Dnr-INC 4150-25-127 0 0 37,870 45,000 (7,130) 45,000 7,130

Annual Meeting 4150-25-128 0 0 100,860 78,000 22,860 78,000 (22,860)

Total Revenue 0 0 138,730 123,000 15,730 123,000 (15,730)

Salaries 5010-25-000 2,031 2,031 19,181 18,281 900 24,375 5,194

Payroll Taxes 5020-25-052 167 192 1,638 1,728 (90) 2,304 666

Health/Security/LTD 5020-25-070 291 304 2,602 2,737 (136) 3,650 1,048

Pension 5020-25-139 213 222 1,966 2,001 (35) 2,668 703


Auto Expense 5030-25-000 104 100 518 900 (383) 1,200 683


Office Exp. 5050-25-000 0 25 89 125 (36) 150 61

Postage 5050-25-069 0 25 364 125 239 150 (214)

Safety/Excellence Cons Din-Exp 5150-25-127 0 0 41,008 45,000 (3,992) 45,000 3,992

Annual Meeting 5150-25-128 0 0 106,111 78,000 28,111 78,000 (28,111)

Award & Recognition 5150-25-130 0 0 9,290 12,500 (3,210) 12,500 3,210

Total Expenses 2,806 2,950 182,769 162,323 20,446 172,343 (10,426)

Net Income (2,806) (2,950) (44,039) (39,323) (4,716) (49,343) (5,304)



SPECIAL EVENTS


22 of 37



Intro / Retro 4010-36-204 1,450 0 35,887 17,000 18,887 17,000 (18,887)

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 0 5,062 11,700 (6,638) 11,700 6,638

Min Dues - Associates 4010-36-211 1,338 0 188,928 175,000 13,928 175,000 (13,928)

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 0 0 700 200 500 200 (500)

NH-GC Dues 4030-36-205 0 0 248,380 261,000 (12,620) 261,000 12,620

Vol Dues - GC 4030-36-208 (440) 0 883,057 877,000 6,057 877,000 (6,057)

Vol Dues - Sub 4030-36-210 0 0 417,748 371,000 46,748 371,000 (46,748)

Prior Years Dues 4040-36-000 0 0 7,160 0 7,160 0 (7,160)

Sub-Total Dues Revenue 2,348 0 1,800,623 1,725,000 75,623 1,725,000 (75,623)

YTD % to Budget 104.38%

Misc Income/Mailing Labels 4900-36-198 0 0 0 0 0 0 0

Roster Advertising 4900-36-216 0 0 5,863 6,000 (137) 6,000 137

Sub-Total Other Revenue 0 0 5,863 6,000 (137) 6,000 137

Total Revenue 2,348 0 1,806,486 1,731,000 75,486 1,731,000 (75,486)

Salaries 5010-36-000 10,355 10,355 96,378 93,192 3,186 124,256 27,877

Payroll Taxes 5020-36-052 652 880 7,780 7,916 (136) 10,555 2,775


Pension 5020-36-139 955 1,049 8,843 9,437 (594) 12,583 3,740


Auto Expense 5030-36-000 0 75 0 300 (300) 300 300

Miscellaneous Meetings 5035-36-072 0 100 77 900 (823) 1,200 1,123

W. Chapters "Membership" Meeting 5035-36-098 (513) 5,000 263 5,000 (4,737) 5,000 4,737

Office Exp. 5050-36-000 0 150 158 600 (442) 600 442

Postage - Member Services 5050-36-069 1 10 49 240 (191) 1,030 981

Cell Phone Exp.- Member Services 5087-36-000 65 80 597 720 (123) 960 363

Early Payment Disc. (2%) 5140-36-078 0 0 704 3,000 (2,296) 28,000 27,296

Membership Promotion 5140-36-080 0 125 0 1,125 (1,125) 2,000 2,000

Depreciation 6950-36-000 2,090 2,531 18,814 22,775 (3,961) 30,366 11,552

Total Expenses 14,955 21,756 145,694 160,980 (15,285) 243,229 97,534

Net Income (12,607) (21,756) 1,660,791 1,570,020 90,771 1,487,771 (173,020)



MEMBER SERVICE


23 of 37



FLF Event Revenue 4150-16-175 40 3,000 9,600 9,000 600 12,000 2,400

Total Revenue 40 3,000 9,600 9,000 600 12,000 2,400

Salaries 5010-16-000 1,308 1,291 11,790 11,616 173 15,488 3,699

Payroll Taxes 5020-16-052 105 119 974 1,068 (94) 1,424 450


Pension 5020-16-139 129 133 1,128 1,199 (71) 1,598 470


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

Membership Meetings 5140-16-177 0 100 0 880 (880) 2,300 2,300

Event / Entertainment 5150-16-175 0 200 6,104 7,600 (1,496) 8,100 1,996

Food / Beverage 5300-16-000 502 550 3,329 7,050 (3,721) 7,650 4,321

Total Expenses 2,237 2,594 25,049 31,672 (6,622) 40,336 15,287

Net Income (2,197) 406 (15,449) (22,672) 7,222 (28,336) (12,887)



FUTURE LEADERSHIP FORUM


24 of 37



Salaries 5010-26-000 1,558 1,558 14,618 14,018 601 18,690 4,072

Payroll Taxes 5020-26-052 122 131 1,189 1,179 10 1,572 383


Pension 5020-26-139 104 148 937 1,335 (398) 1,780 843


Donations - Other 5060-26-000 0 0 0 10,000 (10,000) 10,000 10,000

Donations - AGCEF 5060-26-063 10,542 10,542 94,875 94,875 0 126,500 31,625

Endowment - AGCEF 5062-26-063 0 0 26,000 0 26,000 0 (26,000)

Events 5120-26-158 0 0 0 0 0 750 750

Education Subsidy to Members 5140-26-136 0 2,250 15,675 20,250 (4,575) 27,000 11,325

Total Expenses 12,447 14,784 154,367 143,396 10,971 189,185 34,818

Net Income (12,447) (14,784) (154,367) (143,396) (10,971) (189,185) (34,818)



WORKFORCE DEVELOPMENT


25 of 37



Safety Promotion Items 4100-42-080 2,285 1,000 20,925 24,900 (3,975) 27,675 6,750

Safety Team Inspections 4100-42-218 1,620 1,700 14,985 15,825 (840) 20,925 5,940

Safety Training 4100-42-219 0 0 6,500 5,000 1,500 5,000 (1,500)

Safety Grants Income 4100-42-241 0 0 24,162 17,122 7,040 17,122 (7,040)

Field Day / Safety Team (Golf) 4150-42-176 640 0 24,011 21,850 2,161 21,850 (2,161)

Shipping - Safety Products 4900-42-195 62 75 561 575 (14) 800 239

Total Revenue 4,607 2,775 91,144 85,272 5,872 93,372 2,228

Salaries 5010-42-000 19,940 19,939 187,133 179,452 7,681 239,270 52,136

Payroll Taxes 5020-42-052 1,637 1,897 16,308 17,075 (767) 22,766 6,458

Health/Security/LTD 5020-42-070 3,378 3,122 30,160 28,097 2,063 37,463 7,303

Pension 5020-42-139 2,174 2,064 20,779 18,578 2,201 24,770 3,991


Auto/Travel Expense 5030-42-000 431 1,500 5,409 9,270 (3,861) 12,270 6,861

Corporate Travel 5030-42-178 42 1,405 2,505 3,845 (1,340) 4,760 2,255

Misc Meetings - Safety 5035-42-072 81 90 1,989 2,430 (441) 2,700 711

Consultants Fees 5040-42-144 0 0 2,650 3,000 (350) 3,000 350

Office Exp. 5050-42-000 60 100 867 900 (33) 1,200 333

Postage - Safety 5050-42-069 150 166 2,069 1,802 267 2,300 231

Contract Printing 5050-42-074 0 0 0 0 0 0 0

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

Cell Phone Exp.- Safety 5087-42-000 196 225 1,942 2,025 (83) 2,700 758

Safety Promotion 5120-42-080 5,718 500 19,376 19,746 (370) 22,352 2,976

Safety Grants Expense 5120-42-241 0 0 0 0 0 0 0

Hearing Conservation 5120-42-251 0 1,430 1,625 1,430 195 1,430 (195)

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

Golf Tournment - Safety Team 5150-42-176 0 0 14,312 13,283 1,029 13,283 (1,029)

Insurance 5900-42-064 0 0 3,481 3,350 131 3,350 (131)

Depreciation 6950-42-000 757 820 6,816 7,380 (564) 9,841 3,025

Total Expenses 34,770 33,258 317,623 319,247 (1,624) 425,201 107,578

Net Income (30,163) (30,483) (226,479) (233,975) 7,497 (331,829) (105,350)



SAFETY


26 of 37



PY 19 - Retro Revenue 4500-27-222 0 0 6,283 0 6,283 0 (6,283)

PY 20 - Retro Revenue 4500-27-223 0 0 (43,511) 0 (43,511) 0 43,511

PY 21 - Retro Revenue 4500-27-224 0 0 (120,137) 0 (120,137) 0 120,137

PY 22 - Retro Revenue 4500-27-225 0 0 608,711 225,000 383,711 225,000 (383,711)

Retro Exp Gross/Reimbursement 4500-27-242 110,000 126,480 1,185,861 1,138,320 47,541 1,517,760 331,899

Total Revenue 110,000 126,480 1,637,207 1,363,320 273,887 1,742,760 105,553

Annual Meeting - Retro Breakfast 5502-27-221 TO 5502-27-230 0 0 23,512 0 23,512 0 (23,512)

Annual Meeting - AGC 5503-27-221 TO 5503-27-230 0 0 376 0 376 0 (376)

Association Dues - WSIA 5504-27-221 TO 5504-27-230 0 0 800 0 800 0 (800)

Auto / Travel Expense 5505-27-221 TO 5505-27-230 0 0 3,760 0 3,760 0 (3,760)

Computer Equip Maint. - Upgrade 5506-27-221 TO 5506-27-230 0 0 4,721 0 4,721 0 (4,721)

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 0 0 261 0 261 0 (261)

Misc. Meetings 5511-27-221 TO 5511-27-230 0 0 507 0 507 0 (507)

Office Equipment 5512-27-221 TO 5512-27-2302,144 0 4,975 0 4,975 0 (4,975)

Office Rent & Parkng 5513-27-221 TO 5513-27-2304,601 0 40,684 0 40,684 0 (40,684)

Office Supplies 5514-27-221 TO 5514-27-230154 0 4,082 0 4,082 0 (4,082)

Postage 5515-27-221 TO 5515-27-230182 0 1,636 0 1,636 0 (1,636)

Salaries 5516-27-221 TO 5516-27-23052,359 0 446,408 0 446,408 0 (446,408)

Payroll Taxes & Benefits 5517-27-221 TO 5517-27-23017,946 0 156,342 0 156,342 0 (156,342)

Bonus (FICA & Taxes) 5518-27-221 TO 5518-27-230 0 0 71,927 0 71,927 0 (71,927)

Telephone / Cellular 5520-27-221 TO 5520-27-230574 0 6,467 0 6,467 0 (6,467)

Subtotal 77,959 0 779,579 0 779,579 0 (779,579)

RTW Classroom Income 5524-27-221 TO 5524-27-230(350) 0 (6,265) 0 (6,265) 0 6,265

RTW Center 5525-27-221 TO 5525-27-23045,479 41,653 386,354 374,877 11,477 499,836 113,482

Classroom Yakima 5527-27-221 TO 5527-27-2301,700 1,700 15,300 15,300 0 20,400 5,100

Subtotal 46,829 43,353 395,389 390,177 5,212 520,236 124,847

NET EXPENSE 124,788 43,353 1,174,968 390,177 784,791 520,236 (654,732)

Clearing Account 5528-27-221 TO 5528-27-230(124,788) 0 (1,174,968) 0 (1,174,968) 0 1,174,968

TOTAL NET EXPENSE 0 43,353 0 390,177 (390,177) 520,236 520,236

Retro Exp Gross/Reimbursement 5500-27-242 110,000 83,127 1,185,861 748,143 437,718 997,524 (188,337)

NET OPR INCOME / (EXPENSE) 0 43,353 451,346 615,177 (163,831) 745,236 293,890



GROUP RETRO


27 of 37



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 17,500 17,500 0 17,500 0

Total Revenue 0 0 26,210 24,500 1,710 24,500 (1,710)

Salaries 5010-30-000 11,580 11,580 110,124 104,216 5,908 138,954 28,831

Contract Lobbyists / Temp Help 5010-30-051 6,666 7,167 53,328 94,497 (41,169) 116,000 62,672

Payroll Taxes 5020-30-052 831 1,025 9,225 9,226 (1) 12,301 3,076


Pension 5020-30-139 1,157 1,205 10,761 10,845 (84) 14,460 3,699


Auto Expense 5030-30-000 72 180 664 1,510 (846) 2,050 1,386

Corporate Travel 5030-30-178 15 600 510 3,200 (2,690) 4,000 3,490

Miscellaneous Meetings 5035-30-072 22 1,240 7,456 9,740 (2,284) 12,000 4,544

Professional Studies 5040-30-149 0 0 2,500 2,500 0 2,500 0

Legal Research & Representation 5040-30-161 0 500 0 2,500 (2,500) 3,500 3,500

Office Exp. 5050-30-000 906 700 3,991 5,275 (1,284) 7,125 3,134

Office Equipment Lease 5050-30-066 0 17 195 149 46 200 5

Office Equipment Maintenance 5050-30-067 0 655 324 1,085 (761) 1,250 926

Postage - GAC 5050-30-069 16 0 606 800 (194) 1,200 594

Contract Printing 5050-30-074 0 0 43 750 (707) 4,700 4,657

Membership Dues 5060-30-061 0 0 1,500 2,445 (945) 3,445 1,945

Subscriptions 5060-30-062 0 10 97 480 (383) 510 413

Donations 5060-30-063 103 100 103 450 (347) 600 497

LRC Membership 5060-30-160 0 0 2,500 2,500 0 2,500 0

Coalitions 5060-30-259 0 0 2,500 2,500 0 2,500 0

Rent - Leg. Office 5070-30-000 3,564 4,137 35,378 37,235 (1,858) 49,646 14,269

Internet Service Provider 5084-30-000 71 110 859 990 (131) 1,320 461

Telephone Exp.- Leg. 5086-30-000 420 325 1,774 3,075 (1,301) 4,000 2,226

Cell Phone Exp.- Leg. 5087-30-000 85 200 1,747 1,800 (53) 2,400 653

WebEx 5088-30-000 0 0 0 1,000 (1,000) 1,000 1,000

Public Works Promotion 5120-30-080 0 500 12,500 4,500 8,000 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 67 100 100 900 (800) 1,000 900

Legislative Reporting Service 5130-30-147 0 0 3,264 3,870 (606) 3,870 606

Gov't Affairs Committee Exp. 5130-30-148 0 100 0 900 (900) 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 11,719 11,746 (27) 15,625 3,906

Total Expenses 28,424 33,361 295,183 347,255 (52,072) 453,506 158,323

Net Income (28,424) (33,361) (268,973) (322,755) 53,782 (429,006) (160,033)



GOVERNMENT AFFAIRS COUNCIL


28 of 37



Salaries 5010-31-000 2,411 2,411 22,535 21,699 836 28,932 6,397

Payroll Taxes 5020-31-052 193 218 1,897 1,964 (66) 2,618 721


Pension 5020-31-139 228 244 2,106 2,193 (87) 2,924 819


Auto Expense:BUILD 5030-31-000 72 40 72 110 (38) 200 128

Corporate Travel 5030-31-178 0 100 0 300 (300) 500 500

Misc. Meetings 5035-31-072 0 75 9 200 (191) 300 291

Office Exp. 5050-31-000 0 20 180 180 0 240 60

Indirect Overhead / Admin - Build Pac 5060-31-063 41 50 5,587 5,705 (118) 5,855 268

Total Expenses 3,250 3,472 35,099 35,875 (776) 47,452 12,354

Net Income (3,250) (3,472) (35,099) (35,875) 776 (47,452) (12,354)



BUILD-PAC


29 of 37



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 2,290 2,250 40 3,000 710

Payroll Taxes 5020-33-052 20 23 197 208 (11) 277 81

Health/Security/LTD 5020-33-070 19 30 170 269 (99) 359 188

Pension 5020-33-139 18 27 161 244 (84) 326 165


Miscellaneous Meetings 5035-33-072 0 0 0 250 (250) 4,000 4,000

Total Expenses 307 330 2,818 3,289 (471) 8,167 5,349

Net Income (307) (330) (2,818) (3,289) 471 (6,667) (3,849)



AGC - FEDERAL FACILITIES


30 of 37



Misc Income/Labor Forms 4900-34-220 64 0 784 0 784 0 (784)

Total Revenue 64 0 784 0 784 0 (784)

Salaries 5010-34-000 16,019 13,962 131,687 125,662 6,025 167,549 35,862

Payroll Taxes 5020-34-052 2,485 1,286 12,350 11,578 772 15,437 3,087

Health/Security/LTD 5020-34-070 1,512 1,959 13,387 17,630 (4,243) 23,507 10,119

Pension 5020-34-139 1,254 1,517 11,527 13,651 (2,123) 18,201 6,674


Auto Expense 5030-34-000 35 100 382 900 (518) 1,200 818

Legal 5040-34-060 0 600 7,525 5,400 2,125 7,200 (325)

Office Exp. 5050-34-000 50 40 1,144 360 784 480 (664)

Postage - Labor 5050-34-069 1 10 219 90 129 120 (99)

Cell Phone Exp.- Labor 5087-34-000 65 75 749 675 74 900 151

Labor Relations 5120-34-163 153 200 2,988 1,800 1,188 2,400 (588)

Trustee Expense 5120-34-166 240 0 894 550 344 1,550 656

Events - Turner School 5150-34-172 0 0 0 0 0 0 0

Depreciation 6950-34-000 32 32 290 288 2 386 96

Total Expenses 21,846 19,781 183,141 183,016 125 252,362 69,221

Net Income (21,782) (19,781) (182,357) (183,016) 659 (252,362) (70,005)



LABOR


31 of 37



Salaries 5010-40-000 856 856 7,944 7,704 240 10,272 2,328

Payroll Taxes 5020-40-052 70 80 673 724 (50) 965 292


Pension 5020-40-139 80 83 737 751 (14) 1,001 265


Auto Expense 5030-40-000 0 0 0 0 0 0 0


Resource Materials 5050-40-074 0 0 40 150 (110) 300 260

Open Shop Dinner Meeting 5120-40-167 0 175 413 375 38 375 (38)

Open Shop Speaker Exp. 5120-40-168 0 0 0 150 (150) 200 200

Open Shop Meeting Costs 5120-40-169 0 0 543 100 443 200 (343)

Open Shop Seminars 5120-40-170 0 0 318 225 93 375 57

Top Student Awards 5120-40-171 0 0 675 575 100 575 (100)

Misc. Industry Support 5120-40-172 0 0 675 1,025 (350) 1,025 350

Total Expenses 1,123 1,316 13,062 13,412 (350) 18,083 5,020

Net Income (1,123) (1,316) (13,062) (13,412) 350 (18,083) (5,020)



OPEN SHOP


32 of 37



Members' Event Income 4100-12-175 0 0 0 0 0 4,500 4,500

District Mtgs - Seattle 4100-12-177 1,435 1,450 8,635 7,250 1,385 13,700 5,065

Golf - Seattle District 4150-12-176 (500) 0 47,826 44,000 3,826 44,000 (3,826)

Total Revenue 935 1,450 56,461 51,250 5,211 62,200 5,739

Salaries 5010-12-000 9,230 9,230 85,527 83,067 2,460 110,756 25,229

Payroll Taxes 5020-12-052 758 861 7,269 7,753 (483) 10,337 3,067

Health/Security/Ltd 5020-12-070 1,173 1,213 10,467 10,920 (452) 14,560 4,092

Pension 5020-12-139 949 995 8,733 8,952 (219) 11,935 3,202


Auto Expense 5030-12-000 (2,089) 125 553 1,125 (572) 1,500 947

Miscellaneous Meetings 5035-12-072 134 375 585 1,125 (540) 1,500 915

Office Expense 5050-12-000 6 0 116 250 (134) 500 384

Postage - Seattle District 5050-12-069 0 200 167 200 (33) 400 233

Contract Printing 5050-12-074 0 0 0 0 0 600 600

Membership Dues 5060-12-061 820 0 1,800 1,000 800 4,000 2,200

Donations 5060-12-063 0 0 0 500 (500) 1,500 1,500

Cell Phone Exp.- Seattle 5087-12-000 65 75 925 675 250 900 (25)

Local Gov't Affairs 5130-12-174 3,139 1,500 6,281 2,000 4,281 6,000 (281)

Membership Promotion 5140-12-080 1,972 1,200 1,972 1,200 772 3,200 1,228

Holiday Open House 5140-12-175 0 0 138 0 138 10,000 9,862

Memb mtgs/ Seattle 5140-12-177 1,622 1,700 7,723 8,300 (577) 18,500 10,777

Member Events - Expense 5150-12-175 0 0 0 0 0 10,000 10,000

Golf Tournament - Seattle District 5150-12-176 0 8,200 37,542 44,000 (6,458) 44,000 6,458

Depreciation 6950-12-000 22 0 197 0 197 0 (197)

Total Expenses 17,801 25,674 169,997 173,811 (3,813) 258,506 88,508

Net Income (16,866) (24,224) (113,536) (122,561) 9,024 (196,306) (82,769)



SEATTLE DISTRICT


33 of 37



District Mtgs - Southern 4100-14-177 2,655 2,500 13,420 10,400 3,020 18,900 5,480

Golf - Southern District 4150-14-176 0 (9,000) 48,737 37,000 11,737 37,000 (11,737)

Total Revenue 2,655 (6,500) 62,157 47,400 14,757 55,900 (6,257)

Salaries 5010-14-000 11,955 11,954 112,490 107,588 4,903 143,450 30,960

Payroll Taxes 5020-14-052 972 1,141 9,750 10,266 (516) 13,688 3,938


Pension 5020-14-139 1,085 1,143 10,482 10,283 199 13,711 3,228


Auto Expense 5030-14-000 90 150 850 1,350 (500) 1,800 950


Miscellaneous Meetings 5035-14-072 19 125 1,039 1,125 (86) 1,500 461

Office Exp. 5050-14-000 234 200 1,400 1,800 (400) 2,400 1,000

Office Equipment Maintenance 5050-14-067 0 250 959 2,250 (1,291) 3,000 2,041

Postage - South District 5050-14-069 0 122 500 1,098 (598) 1,464 964

Office Equipment - Interest - FIFE 5050-14-290 0 50 439 510 (71) 650 211

Subscriptions 5060-14-062 0 75 0 150 (150) 150 150

Donations - Pierce County CC Day 5060-14-063 0 1,000 1,000 1,000 0 1,000 0

Telephone Exp.- Southern 5086-14-000 721 575 5,348 5,175 173 6,900 1,552

Cell Phone Exp.- Southern 5087-14-000 65 70 597 630 (33) 840 243

Memb Mtgs/ Southern 5140-14-177 20 4,000 4,280 16,100 (11,820) 28,100 23,820

Golf Tournament - Southern District 5150-14-176 0 0 29,776 36,000 (6,224) 36,000 6,224

Depreciation 6950-14-000 115 0 1,031 802 229 802 (229)

Total Expenses 17,110 22,811 197,560 218,013 (20,452) 291,891 94,330

Net Income (14,455) (29,311) (135,404) (170,613) 35,209 (235,991) (100,587)



SOUTHERN DISTRICT


34 of 37



Memb Mtgs/Northern District 4100-46-177 0 0 1,380 0 1,380 0 (1,380)

Membership Training 4100-46-189 0 0 0 0 0 0 0

Total Revenue 0 0 1,380 0 1,380 0 (1,380)

Salaries 5010-46-000 4,740 4,740 44,757 42,657 2,100 56,875 12,119

Payroll Taxes 5020-46-052 390 448 3,824 4,033 (209) 5,377 1,553


Pension 5020-46-139 498 519 4,587 4,670 (83) 6,226 1,639


Auto Expense 5030-46-000 503 200 3,790 1,800 1,990 2,400 (1,390)


Miscellaneous Meetings 5035-46-072 249 100 1,195 1,200 (5) 1,600 405

Office Exp. 5050-46-000 68 100 220 600 (380) 750 530

Postage - North District 5050-46-069 0 50 142 450 (308) 600 458

Membership Dues 5060-46-061 290 355 1,050 650 400 1,000 (50)

Subscriptions 5060-46-062 0 25 466 190 276 190 (276)

Rent - N. District 5070-46-000 0 750 6,000 6,750 (750) 9,000 3,000

Telephone Exp.- Northern 5086-46-000 0 10 26 40 (14) 50 24

Cell Phone Exp.- Northern 5087-46-000 65 80 597 720 (123) 960 363

Community Services/ Image Bldg 5120-46-185 100 0 950 1,500 (550) 1,500 550

Membership Training 5120-46-189 250 300 2,885 3,000 (115) 4,000 1,115

Local Gov't Affairs 5130-46-174 0 0 458 700 (242) 1,000 542

Membership Promotion 5140-46-080 0 100 529 700 (171) 1,000 471

Memb mtgs/ Northern 5140-46-177 382 600 6,687 5,400 1,287 7,200 513

Insurance & Bonds 5900-46-064 0 0 528 600 (72) 600 72

Total Expenses 8,214 9,086 84,960 83,921 1,039 114,217 29,258

Net Income (8,214) (9,086) (83,580) (83,921) 341 (114,217) (30,638)



NORTHERN DISTRICT


35 of 37



Memb Mtgs/Central Wa District 4100-48-177 0 0 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 0 0 21,455 16,000 5,455 16,000 (5,455)

Misc. Income 4900-48-194 0 0 0 0 0 0 0

Total Revenue 0 0 21,455 16,800 4,655 17,600 (3,855)

Salaries 5010-48-000 6,278 6,277 58,258 56,496 1,762 75,328 17,070

Payroll Taxes 5020-48-052 515 590 4,938 5,308 (370) 7,077 2,139


Pension 5020-48-139 585 612 5,403 5,507 (104) 7,342 1,940


Auto Expense 5030-48-000 0 0 0 0 0 0 0

Corporate Travel 5030-48-178 0 0 719 1,670 (951) 2,070 1,351

Office Exp. 5050-48-000 98 100 685 1,000 (315) 1,425 740

Office Equipment Maintenance 5050-48-067 0 0 0 0 0 0 0

Postage - Central District 5050-48-069 0 0 55 200 (145) 225 170

Utilities 5050-48-186 0 0 0 0 0 0 0

Membership Dues 5060-48-061 0 0 1,980 1,850 130 2,750 770

Subscriptions 5060-48-062 0 0 76 150 (74) 200 124

Rent - C. District 5070-48-000 508 585 5,033 5,265 (232) 7,020 1,987

Internet Service Provider 5084-48-000 64 60 505 540 (35) 720 215

Telephone / Cable TV - Central 5086-48-000 63 61 504 549 (45) 732 228

Cell Phone Exp.- Central 5087-48-000 65 70 890 630 260 840 (50)

Member Training Meetings 5120-48-189 96 150 1,140 1,350 (210) 1,800 660

HR Roundtable 5120-48-266 0 0 133 450 (317) 650 517

Local Gov't Exp. 5130-48-174 10 0 293 800 (507) 1,000 707

Membership Promotion 5140-48-080 26 200 1,500 1,800 (300) 2,400 900

Memb mtgs/ Central WA 5140-48-177 0 150 348 2,050 (1,702) 3,300 2,952

Golf Tournament - Central District 5150-48-081 0 0 16,312 15,000 1,312 15,000 (1,312)

Insurance & Bonds 5900-48-064 0 0 581 650 (69) 650 69

Depreciation 6950-48-000 34 34 308 306 2 410 102

Total Expenses 9,199 9,776 107,318 111,532 (4,214) 147,581 40,263

Net Income (9,199) (9,776) (85,863) (94,732) 8,869 (129,981) (44,118)



CENTRAL DISTRICT


36 of 37



LT Investment - Dividend MM 4801-90-000 1,435 0 7,686 0 7,686 0 (7,686)

LT Investment - Bond Interest 4802-90-000 2,806 2,000 10,150 18,000 (7,850) 24,000 13,850

LT Inv Real Gain(Loss)-Basis 4850-90-000 0 0 31,924 0 31,924 0 (31,924)

LT Inv Unreal Gain(Loss)-Mrkt 4851-90-000 (47,619) 0 (88,159) 0 (88,159) 0 88,159

Total Revenue (43,378) 2,000 (38,400) 18,000 (56,400) 24,000 62,400

Investment Consultant Fee 5800-90-000 0 3,000 5,847 9,000 (3,153) 12,000 6,153

Total Expenses 0 3,000 5,847 9,000 (3,153) 12,000 6,153

Net Income (43,378) (1,000) (44,247) 9,000 (53,247) 12,000 56,247



NON-OPERATING


37 of 37

TAB 7

TAB 8

2016 Budget/2. Budget Notes Page 1

AGC of Washington 2016 Proposed Operating Budget Notes

Proposed Operating Budget – Consolidated and Dept. Budgets (30 pages)

1. 2016 budget net income currently projected at $179K. 2015 Forecast includes actual year to date expenses as of September 2015 and remaining (Oct-Dec) forecast expenses for 2015. Page 1 & 2

2. 2016 Membership Dues revenue budget equals $1.725 million, no increase over 2015 membership dues. Page 1 & 16

3. Annual payroll decreased $32K. Payroll tax / benefits increased $4K. Overall payroll increases, from 2015 budgeted payroll, were minimal due to the retirement of the Richard Bristow. This job position is not being replaced. Also included in 2016 payroll is training overlap for a new safety employee and a new Seattle district manager. Page 1

4. AGC Group Retro sponsorship fee budgeted at $225K. No change from prior years. Page 1

5. Total 2016 budgeted depreciation decreased by $96K over 2015 budgeted depreciation. 2016

amortization expense for broker lease commissions remain the same as 2015. Page 1

6. 2016 Seattle Building / Retail revenues budget increased overall by $243K due to higher expected rental rates, parking lot income and CAM reimbursements. AGC Seattle Building expenses decreased by $142K, primarily due to a decrease in building depreciation and loan interest expense Page 5 and 6

7. Overall insurance costs for 2016 for AGC Building is budgeted for a $7K (6%) increase and AGC Marina insurance is budgeted for a slight increase. Page 6 and 7

8. Board of Trustees budget increased $34K, primarily due to a $30K increase in board contingency expense.

9. Technology budget expense increase of $4K due to service /software license renewals and an increase of $12K for depreciation of the new computer server equipment. Page 10

10. 2016 staff training (under Administration budget) is budgeted at $50,000, an increase of $15K over

2015 budget. Page 11

11. Meeting and Events budget expense increase of $9K due to increase in costs for National AGC Conference and Western Chapters meeting. These events and other meetings / events do not have offsetting revenues (Old Timers night, Immediate Past President night). Page 14

12. Special Events revenue is assumed to be greater or equal event expenses (i.e. Annual Meeting and Build Awards). Budgeted revenues and expenses increased $17K due to expected attendance increase for 2016. Page 15

13. Future Leadership Forum (FLF) budgeted revenue remains the same as 2015. Budgeted expenses increased by $119K for 2016 FLF meetings / activities. Page 17

14. Workforce Development budget expenses increased $53K. Expenses include $10K for 2016

Construction Career Day (same as 2015) and an additional $2.5K for Turner event and an additional $50K for other donations. Page 18

2016 Budget/2. Budget Notes Page 2

AGC of Washington 2016 Proposed Operating Budget Notes

Proposed Operating Budget – Consolidated and Dept. Budgets (30 pages)

15. Budgeted direct contributions to AGC Education Foundation total $153,500 for 2016 (same as 2015

budget). Page 18

16. Safety Department 2016 budgeted revenue decreased by $17K because of safety grant projects completed in 2015. Expenses increased $42K due to one new full time safety employee (as of 7/1/2016) and $8.5K increase in safety promotion costs. Page 19

17. Government Affairs Council 2016 budgeted expenses have decreased by a net $14K due to decrease

in contract services, and offset by increased membership dues and increased donations. Pages 21

18. Build Pac 2016 budgeted in-direct and in-kind contributions have decreased $24K due to changes in staff payroll allocations and decreases to in-direct overhead costs. Page 22

19. Seattle District budget expenses increased $37K due primarily to one new fully time district manager (as of 10/01/2016) who will be working alongside the current district manager for the last quarter of 2016. Page 26

20. No estimates have been made for 2016 gains or losses under the Non-Operating Income (Loss)

budget. The 2016 budget only estimates annual bond interest and consulting fee expense. Page 30

Budget 2015

2014 2015 2015 2016 vs

Actual Budget Act/Forecast Budget Budget 2016

Retro Plan Income 1,959,316 1,742,760 2,016,647 1,742,760 0

Retro Exp Gross (1,447,046) (1,517,760) (1,565,301) (1,517,760) 0

Net Retro Income 512,270 225,000 451,346 225,000 0

Membership Dues 1,811,715 1,725,000 1,800,623 1,725,000 0

Program / Grant Revenue 168,999 173,022 182,325 163,525 (9,497)

Event Revenue 259,237 253,850 293,359 283,700 29,850

Building / Retail Rent 2,675,077 2,797,726 2,844,851 3,010,185 212,459

Other Rent Revenue 983,981 922,040 1,009,517 950,000 27,960

Other Revenue / CAM 79,773 62,100 81,279 79,500 17,400

Misc Income 15,478 16,195 18,494 16,410 215

Total Revenue 6,506,530 6,174,933 6,681,793 6,453,320 278,387

Salaries 2,192,706 2,217,394 2,182,673 2,185,344 (32,051)

Payroll Burden Taxes and Benefits 618,420 638,293 623,259 642,524 4,231

Auto Expense / Corporate Travel 26,269 37,755 25,941 38,888 1,133

Miscellaneous Meetings 67,161 121,350 89,878 134,890 13,540

Consultant Fees 46,650 54,833 76,177 69,100 14,268

Office Expense 71,751 77,923 61,248 78,810 887

Membership Dues/Donations 197,101 168,612 154,745 227,950 59,338

Rent 61,035 65,666 62,305 66,804 1,138

Technology Expense 70,278 75,415 66,886 80,080 4,665

Phone Expense 33,480 34,542 31,903 32,242 (2,300)

Progam/Grant Expense 75,696 93,102 85,336 146,537 53,435

Membership Promotion 163,811 179,100 144,276 208,454 29,354

Event Expense 247,844 268,683 266,236 356,153 87,470

Insurance/Tax/Training 63,917 65,050 62,599 79,100 14,050

Building / Marina Expense 1,233,516 1,247,004 1,230,471 1,270,469 23,465

Leasing Comm. Amort. 54,392 66,092 66,098 66,092 0

Depreciation 610,716 686,382 666,993 590,475 (95,906)

Total Expenses 5,834,742 6,097,196 5,897,024 6,273,912 176,716

Net Operating Income (Loss) 671,789 77,737 784,769 179,408 101,671

LT Inv - Dividends/Interest 39,206 24,000 17,836 24,000 0

LT Inv - Net Gain (Loss) 84,746 0 (56,236) 0 0

Investment Consultant Fee (11,161) (12,000) (5,847) (12,000) 0

Non-Operating Income (Loss) 112,791 12,000 (44,247) 12,000 0

Gain / Loss on Disposal of Asset (12,970) 0 0 0 0

Grand Total 771,610 89,737 740,522 191,408 101,671


CONSOLIDATED

2016 Proposed Budget


1 of 30

2015 YE Act 2016 2015 YE Act 2016 2015 YE Act 2016

Forecast BUDGET VAR Forecast BUDGET VAR Forecast BUDGET VAR


a) Seattle Building 3,108,802 3,290,531 181,729 1,806,210 1,657,758 (148,452) 1,302,592 1,632,773 330,181

b) Seattle Marina 715,899 698,448 (17,451) 467,351 471,684 4,333 248,548 226,764 (21,784)

c) Fife Building 50,893 50,706 (187) 110,459 109,338 (1,121) (59,566) (58,632) 934

Total Building & Properties 3,875,594 4,039,685 164,091 2,384,020 2,238,780 (145,240) 1,491,574 1,800,905 309,331

II. Association:



a) Board of Trustees 0 0 0 58,105 103,562 45,458 (58,105) (103,562) (45,458)

b) Technology 0 0 0 110,559 137,584 27,025 (110,559) (137,584) (27,025)

c) Administration 44,488 39,000 (5,488) 334,802 352,690 17,888 (290,314) (313,690) (23,376)

d) Accounting 10,340 9,510 (830) 213,509 224,291 10,783 (203,169) (214,781) (11,613)

54,828 48,510 (6,318) 716,974 818,127 101,153 (662,146) (769,617) (107,471)

3. Member Services

a) Communications 1,500 7,000 5,500 220,382 223,611 3,230 (218,882) (216,611) 2,270

b) Meetings & Events 0 0 0 69,080 87,400 18,320 (69,080) (87,400) (18,320)

c) Special Events 138,730 140,000 1,270 193,293 191,370 (1,923) (54,563) (51,370) 3,193

d) Member Service 1,791,254 1,731,000 (60,254) 233,178 201,928 (31,250) 1,558,076 1,529,072 (29,004)

e) Future Leadership Forum 15,020 12,000 (3,020) 34,402 159,646 125,244 (19,382) (147,646) (128,264)

1,946,504 1,890,000 (56,504) 750,335 863,956 113,620 1,196,169 1,026,044 (170,124)


a) Workforce Development 0 0 0 217,331 243,040 25,710 (217,331) (243,040) (25,710)

b) Safety 101,925 76,825 (25,100) 427,711 468,095 40,384 (325,785) (391,270) (65,484)

c) Group Retro 1,944,234 1,742,760 (201,474) 1,496,811 1,517,760 20,949 447,423 225,000 (222,423)

2,046,159 1,819,585 (226,574) 2,141,852 2,228,895 87,043 (95,693) (409,310) (313,617)


a) Government Affairs Council 26,210 24,500 (1,710) 420,397 439,160 18,763 (394,187) (414,660) (20,473)

b) Build-Pac 0 0 0 46,755 23,258 (23,497) (46,755) (23,258) 23,497

c) AGC - Federal Facilities 1,500 0 (1,500) 7,514 8,577 1,063 (6,014) (8,577) (2,563)

27,710 24,500 (3,210) 474,666 470,995 (3,672) (446,956) (446,495) 462


a) Labor 672 0 (672) 251,180 262,118 10,938 (250,508) (262,118) (11,610)

b) Open Shop 0 0 0 17,764 18,680 917 (17,764) (18,680) (917)

672 0 (672) 268,943 280,798 11,855 (268,271) (280,798) (12,527)

7. Districts

a) Seattle Districs 58,108 63,800 5,692 234,235 296,285 62,050 (176,127) (232,485) (56,358)

b) Southern District 58,570 65,450 6,880 301,580 311,331 9,751 (243,010) (245,881) (2,871)

c) Northern District 880 0 (880) 115,735 126,059 10,325 (114,855) (126,059) (11,205)

d) Central WA District 24,255 19,550 (4,705) 143,892 156,445 12,554 (119,637) (136,895) (17,259)

141,813 148,800 6,987 795,442 890,121 94,679 (653,629) (741,321) (87,692)

Total Association 4,217,686 3,931,395 (286,291) 5,148,213 5,552,892 404,679 (930,527) (1,621,497) (690,970)

Total of Assoc. & Prop 8,093,280 7,971,080 (122,200) 7,532,233 7,791,672 259,439 561,047 179,408 (381,639)

Non-Operating Income (Loss) 0 24,000 24,000 0 12,000 12,000 0 12,000 12,000

Grand Total 8,093,280 7,995,080 (98,200) 7,532,233 7,803,672 271,439 561,047 191,408 (369,639)


2016 Proposed Budget by Cost Center

REVENUE EXPENSES REVENUE OVER EXPENSES

2 of 30

Budget 2015

2014 2015 2015 2016 vs


Retro Plan Income 1,959,316 1,742,760 2,016,647 1,742,760 0

Retro Exp Gross (1,447,046) (1,517,760) (1,565,301) (1,517,760) 0

Net Retro Income 512,270 225,000 451,346 225,000 0

Membership Dues 1,811,715 1,725,000 1,800,623 1,725,000 0

Program / Grant Revenue 168,999 173,022 182,325 163,525 (9,497)

Event Revenue 259,237 253,850 293,359 283,700 29,850

Misc Income 15,153 16,195 18,419 16,410 215

Total Revenue 2,767,374 2,393,067 2,746,072 2,413,635 20,568

Salaries 1,861,994 1,865,256 1,828,496 1,893,919 28,664

Payroll Burden Taxes and Benefits 522,665 534,349 521,678 557,066 22,717

Auto Expense / Corporate Travel 26,269 37,755 25,941 38,888 1,133

Miscellaneous Meetings 67,161 121,350 89,878 134,890 13,540

Consultant Fees 26,404 36,818 45,036 45,225 8,408

Office Expense 71,751 77,923 61,248 78,810 887

Membership Dues/Donations 197,101 168,612 154,745 227,950 59,338

Rent 61,035 65,666 62,305 66,804 1,138

Technology Expense 70,278 75,415 66,886 80,080 4,665

Phone Expense 33,480 34,542 31,903 32,242 (2,300)

Progam/Grant Expense 75,696 93,102 85,336 146,537 53,435

Membership Promotion 163,811 179,100 144,276 208,454 29,354

Event Expense 247,844 268,683 266,236 356,153 87,470

Insurance/Tax/Training 63,917 65,050 62,599 79,100 14,050

Depreciation 55,943 87,757 80,489 89,014 1,257

Total Expenses 3,545,348 3,711,377 3,527,051 4,035,132 323,755

Net Operating Income (Loss) (777,973) (1,318,310) (780,979) (1,621,497) (303,187)


ASSOCIATION



3 of 30

Budget 2015

2014 2015 2015 2016 vs


Building / Retail Rent 2,675,077 2,797,726 2,844,851 3,010,185 212,459

Marina & Parking Revenue 983,981 922,040 1,009,517 950,000 27,960

Other Revenue / CAM 79,773 62,100 81,279 79,500 17,400

Misc Income 325 0 75 0 0

Total Revenue 3,739,156 3,781,866 3,935,721 4,039,685 257,819

Salaries 330,712 352,139 354,177 291,424 (60,715)

Payroll Burden Taxes and Benefits 95,755 103,944 101,582 85,458 (18,486)

Consultant Fees 20,246 18,015 31,141 23,875 5,860

Building / Marina Expense 1,233,516 1,247,004 1,230,471 1,270,469 23,465

Leasing Comm. Amort. 54,392 66,092 66,098 66,092 0

Depreciation 554,773 598,625 586,504 501,462 (97,164)

Total Expenses 2,289,394 2,385,819 2,369,973 2,238,780 (147,039)

Net Operating Income (Loss) 1,449,762 1,396,047 1,565,748 1,800,905 404,858


BUILDING & MARINA



4 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs

Account# Actual Budget Act/Forecast Budget Budget 2016

Building Rent - Seattle 4700-50-000 2,128,726 2,247,015 2,268,214 2,404,735 157,720

Parking Lot Income 4701-50-000 333,024 275,000 343,302 325,000 50,000

Operating Expense Reimb - Seattle Building4702-50-000 72,883 60,000 68,536 60,000 0

Retail Rents 4703-50-000 460,204 460,200 473,534 500,196 39,996

Other Rental Income 4704-50-000 4,998 4,440 3,848 0 (4,440)

Late Fee Income:BLDG 4705-50-000 65 0 166 0 0

ATM Rental Income 4706-50-000 662 600 503 600 0

Misc Income - Bldg 4900-50-000 325 0 75 0 0

Total Revenue 3,000,886 3,047,255 3,158,177 3,290,531 243,276

Salaries 5010-50-000 215,616 215,805 222,113 155,141 (60,663)

Incentive Compensation 5010-50-058 0 15,136 10,141 14,545 (591)

Payroll Taxes 5020-50-052 18,183 19,347 19,849 14,162 (5,185)

Health/Security/LTD 5020-50-070 24,151 26,909 25,517 19,609 (7,300)

Pension 5020-50-139 19,067 20,935 20,117 14,759 (6,176)

Legal 5040-50-060 2,000 3,000 2,015 4,000 1,000

Audit 5040-50-076 10,446 8,250 8,411 9,375 1,125

Roof Repairs & Maint-Gen 6020-50-300 1,401 2,525 2,493 2,525 0

Pkg Lot Rep & Maint-Gen 6035-50-300 1,320 400 602 400 0

Snow Removal 6036-50-300 1,971 4,470 3,000 4,470 0

HVAC Contr Serv & Per-Off 6040-50-100 21,689 20,020 20,033 20,280 260

HVAC Contr Serv & Per-Gen 6040-50-300 6,765 6,020 6,935 6,140 120

HVAC Repairs & Maint-Off 6045-50-100 34,906 23,900 36,676 24,215 315

HVAC R & M - Conference Room 6045-50-300 3,567 2,000 1,586 2,000 0

Elev Contr Serv & Per-Off 6050-50-100 11,547 13,560 11,721 14,460 900

Elevator Rep & Maint-Off 6055-50-100 2,609 3,770 5,327 2,270 (1,500)

Electrical Rep & Supp-Off 6060-50-100 7,932 9,910 9,290 10,455 545

Plumbing Rep & Supp-Off 6070-50-100 2,192 6,900 6,934 6,900 0

Fire / Life / Safety-Gen 6080-50-300 12,007 16,145 18,783 19,315 3,170

General Repair & Maint-NR (Non-CAM Exp)6100-50-000 7,084 6,000 2,312 6,000 0

General Rep & Maint-Off 6100-50-100 8,113 11,120 12,945 17,170 6,050

Painting & Decorating-Off 6110-50-100 1,776 2,725 1,304 1,250 (1,475)

Locks, Keys & Signage-Off 6120-50-100 4,699 5,150 3,671 4,450 (700)

Pest Control-Off 6130-50-100 863 684 528 684 0

Ext Landscaping Serv-Gen 6210-50-300 11,971 11,110 11,200 11,470 360

Ext Landscaping Rep-Gen 6220-50-300 88 300 164 310 10

Int Landscaping Serv-Off 6230-50-100 6,311 6,300 6,317 6,480 180


SEATTLE BUILDING



5 of 30

Base Janitorial Contr-Off 6310-50-100 84,462 86,400 87,604 86,400 0

Janitorial-Tenant Share 6310-50-900 2,132 2,124 2,130 2,124 0

Janitorial-Tenant Offset 6310-50-910 (2,132) (2,124) (2,130) (2,124) 0

Janitorial Supplies-Gen 6320-50-300 20,991 19,980 25,706 23,340 3,360

Window Cleaning-Off 6330-50-100 4,753 5,195 6,511 10,395 5,200

Other Janitorial Serv-Off 6380-50-100 800 1,200 4,178 5,340 4,140

Other Janitorial Serv-Gen 6380-50-300 5,350 5,100 3,825 5,100 0

Other Security Serv-Gen 6450-50-300 3,110 3,510 3,195 3,195 (315)

Electricity-Off 6510-50-100 104,842 101,040 107,060 109,080 8,040

Water/Sewer-Off 6520-50-100 38,132 31,200 30,550 32,280 1,080

Water/Sewer-Tenant Share 6520-50-900 14,755 14,700 14,320 14,700 0

Water/Sewer-Tenant Offset 6520-50-910 (14,755) (14,700) (14,320) (14,700) 0

Gas-Off 6530-50-100 35,584 55,020 37,635 55,020 0

Trash Removal & Recyc-Off 6550-50-100 23,662 19,200 28,416 28,620 9,420

Brokers' Commission-Amortizatn 6600-50-000 53,369 62,000 62,006 62,000 0

Marketing & Leasing-NR 6710-50-000 1,170 1,200 200 1,200 0

Tenant Relations-NR 6720-50-000 4,524 4,900 5,250 7,240 2,340

On-Site Costs-Gen 6740-50-300 17,967 5,000 7,626 5,000 0

Administrative / Office Exp 6780-50-000 7,012 7,000 4,725 7,000 0

Other Administrative-Gen 6780-50-300 7,770 8,000 5,921 8,000 0

Real Estate Taxes-Gen 6810-50-300 276,657 290,000 274,095 290,000 0

Personal Property Tax-Gen 6820-50-300 588 1,000 602 1,000 0

Insurance-Gen 6900-50-300 112,545 112,500 114,793 120,000 7,500

Interest Expense 6910-50-000 19,556 16,050 21,385 0 (16,050)

Bad Debt: BLDG 6920-50-000 4,243 0 0 0 0

Depreciation 6950-50-000 473,926 501,286 497,385 404,713 (96,573)

Total Expenses 1,739,286 1,799,172 1,798,651 1,657,758 (141,414)


6 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Moorage Rent/A-E Docks 4701-75-000 645,959 642,600 662,367 625,000 (17,600)

Other Income / Service Fee 4702-75-000 4,717 1,500 2,774 1,500 0

Late Fee Income 4705-75-000 0 0 600 0 0

Building Rent - Marina Bldg 4700-75-000 51,571 52,327 53,382 54,548 2,221

LAB Fee 4707-75-000 0 0 8,700 17,400 17,400

Total Revenue 702,247 696,427 727,823 698,448 2,021

Salaries 5010-75-000 107,245 105,125 108,250 102,624 (2,501)

Incentive Compensation 5010-75-058 0 7,841 5,253 10,455 2,614

Payroll Taxes 5020-75-052 9,293 9,671 9,775 9,829 158

Health/Security/LTD 5020-75-070 12,751 13,944 13,425 14,025 81

Pension 5020-75-139 9,858 10,488 10,310 10,367 (121)

Legal-NR 5040-75-060 0 250 0 3,500 3,250

Audit 5040-75-076 5,014 4,100 18,300 4,500 400

Covered Moorage - R & M - NR 6020-75-000 0 1,450 900 1,450 0

Electrical Rep & Supp-NR 6060-75-000 1,265 1,150 2,359 1,150 0

Plumbing Rep & Supp-NR 6070-75-000 3,480 2,335 7,165 2,335 0

Fire / Life / Safety-NR 6080-75-000 4,073 2,610 1,369 1,810 (800)

General Reprs & Maint-NR 6100-75-000 8,498 4,080 9,605 5,400 1,320

Painting & Decorating-NR 6110-75-000 218 750 750 1,200 450

Locks, Keys & Signage-NR 6120-75-000 1,890 2,520 652 2,520 0

Base Janitorial Contr-NR 6310-75-000 1,882 2,820 2,350 2,820 0

Janitorial Supplies-NR 6320-75-000 845 900 825 1,500 600

Other Janitorial Serv-NR 6380-75-000 150 300 75 300 0

Land Lease Payments-NR 6460-75-000 104,454 111,400 103,477 106,000 (5,400)

Electricity-NR 6510-75-000 44,030 51,000 31,716 49,800 (1,200)

Electricity-Tenant Offset 6510-75-910 (31,177) (41,400) (33,574) (40,200) 1,200

Water & Sewer-NR 6520-75-000 7,605 4,920 4,277 4,080 (840)

Water/Sewer-Tenant Offset 6520-75-910 (3,335) (2,460) (2,989) (2,820) (360)

Trash Removal & Recyc-NR 6550-75-000 21,098 19,980 17,544 18,300 (1,680)

Other Administration-NR 6780-75-000 1,238 6,600 4,465 6,000 (600)

Real Estate Taxes-NR 6810-75-000 39,804 44,000 39,435 42,000 (2,000)

Special Assessments-NR 6830-75-000 221 0 0 0 0

Insurance-NR 6900-75-000 54,656 56,175 54,230 56,700 525

Bad Debt: MARINA 6920-75-000 848 0 0 0 0

Depreciation 6950-75-000 50,124 51,259 51,398 56,039 4,780

Total Expenses 456,029 471,809 461,344 471,684 (125)

Net Operating Income (Loss) 246,218 224,618 266,479 226,764 2,146


SEATTLE MARINA



7 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Office Rent - Fife Building 4700-85-000 34,577 38,184 49,722 50,706 12,522

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

Total Revenue 36,023 38,184 49,722 50,706 12,522

Salaries 5010-85-000 7,852 7,550 7,963 7,750 200

Incentive Compensation 5010-85-058 0 682 457 909 227

Payroll Taxes 5020-85-052 661 720 693 757 37


Pension 5020-85-139 687 722 732 742 20

Audit 5040-85-076 2,786 2,415 2,415 2,500 85

Building Cleaning 6010-85-000 8,250 9,000 8,460 8,280 (720)

Supplies & Materials 6270-85-000 0 480 275 440 (40)

Misc. Building Maintenance 6290-85-000 5,165 5,700 11,167 5,700 0

Fire Alarm System Monitoring 6292-85-000 1,405 1,460 1,852 1,100 (360)

HVAC Maintenance & Repairs 6400-85-000 3,481 2,400 2,472 2,400 0

Electricity 6510-85-000 3,809 4,000 3,915 4,000 (0)

Water & Sewer 6520-85-000 2,279 1,980 2,288 2,100 120

Gas 6530-85-000 1,926 1,920 1,225 1,920 0

Trash Removal & Recyc 6550-85-000 1,369 1,680 1,811 1,980 300

Brokers' Commission - Amort - Fife 6600-85-000 1,023 4,092 4,092 4,092 0

Real Estate Taxes 6730-85-240 15,198 16,000 15,010 16,000 0

Insurance & Bonds 6900-85-000 6,364 6,750 6,266 6,750 0

Depreciation 6950-85-000 30,722 46,080 37,721 40,709 (5,371)

Total Expenses 94,079 114,838 109,978 109,338 (5,500)

Net Operating Income (Loss) (58,057) (76,654) (60,256) (58,632) 18,022


FIFE BUILDING



8 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Total Revenue 0 0 0 0 0

Salaries 5010-13-000 29,709 26,209 26,677 26,470 261

Incentive Compensation 5010-13-058 0 1,364 914 1,818 455

Payroll Taxes 5020-13-052 1,782 1,910 2,001 1,984 74


Pension 5020-13-139 2,626 2,670 2,664 2,701 31

Officers / Board Meetings 5035-13-056 5,910 7,600 6,223 9,000 1,400

Miscellaneous Expense 5035-13-072 5,636 5,850 6,409 5,900 50

Office Expense 5050-13-000 1,852 1,350 1,316 3,200 1,850

Board Contingency 5120-13-054 15,000 20,000 10,500 50,000 30,000

Total Expenses 64,779 69,425 59,091 103,562 34,137

Net Operating Income (Loss) (64,779) (69,425) (59,091) (103,562) (34,137)


BOARD OF TRUSTEES



9 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Disposal sale 4950-17-000 0 0 0 0 0


1. Maintenance - Service

Technology Services 5083-17-017 35,974 36,000 32,663 36,000 0

Professional Service 5083-17-019 370 0 0 0 0

Member Services 5083-17-036 4,088 7,150 4,550 7,150 0

Subtotal 41,523 43,150 37,624 43,150 0

2. Salaries 5010-17-000 20,858 22,440 23,298 23,315 875


Payroll Taxes 5020-17-052 1,544 1,930 1,925 2,015 85


Pension 5020-17-139 1,454 2,154 1,798 2,334 180

Miscellaneous Meetings 5035-17-072 77 360 283 360 0

Cell Phone Exp. 5087-17-000 2,705 2,280 1,800 2,400 120

Subtotal 28,637 32,995 32,198 34,750 1,755

3. Software / Service Agreement

New Application 5081-17-017 0 1,000 250 1,000 0

New / Renewal Software License Fee 5089-17-017 10,829 11,500 17,468 15,950 4,450

Virus / Firewall Renewals 5089-17-062 0 3,525 1,606 0 (3,525)

Subtotal 10,829 16,025 19,324 16,950 925

4. New Equipment / Maintenance

Tech Equipment Maint- Parts 5082-17-000 12,536 9,600 4,312 12,500 2,900

Subtotal 15,246 9,600 5,085 12,500 2,900

5. Office Exp

Office Exp 5050-17-000 352 240 410 240 0

Subtotal 352 240 410 240 0

6. Depreciation 6950-17-000 17,894 18,000 17,510 29,994 11,994

Total Expenses 114,481 120,010 112,151 137,584 17,573



TECHNOLOGY



10 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Conference Center Rental 4100-18-238 3,800 600 1,350 900 300

McGraw Hill Affinity Plan 4100-18-303 6,087 0 448 0 0

Verizon Affinity Plan - NPP 4100-18-304 34,858 25,000 22,802 26,000 1,000

Enterprise Affinity Plan 4100-18-305 5,810 4,000 750 0 (4,000)

Office Depot Affinity Plan 4100-18-310 1,111 1,000 13,688 12,000 11,000

Misc Income 4900-18-194 122 100 140 100 0

Misc Income/Service 4900-18-195 271 100 0 0 (100)

Total Revenue 39,090 30,800 39,178 39,000 8,200

Salaries 5010-18-000 178,547 160,470 163,428 151,165 (9,305)

Temp Help 5010-18-051 0 2,000 425 2,000 0

Employee Milestone Awards 5010-18-057 4,826 2,220 7,659 7,500 5,280


Payroll Taxes 5020-18-052 11,739 12,721 12,873 12,396 (325)


Pension 5020-18-139 15,716 16,719 16,556 15,792 (928)

Auto / Travel Expense 5030-18-000 101 200 0 0 (200)

Miscellaneous Meetings 5035-18-072 4,073 4,440 4,752 5,000 560

Legal 5040-18-060 0 2,500 9,550 4,000 1,500

Office Exp. 5050-18-000 17,014 18,788 15,427 22,700 3,912

Office Equipment Lease 5050-18-066 2,188 2,460 2,946 2,460 0

Office Equipment Maintenance 5050-18-067 7,452 8,290 5,447 8,390 100

Postage - Administration 5050-18-069 292 600 138 420 (180)

Parking / Metro 5050-18-071 1,659 1,800 1,720 1,800 0

Contract Printing 5050-18-074 1,419 800 200 600 (200)

Office Equipment - Interest 5050-18-290 586 366 346 240 (126)

Membership Dues 5060-18-061 850 1,630 935 1,630 0

Subscriptions 5060-18-062 867 997 837 625 (372)

Donations/ Memorials 5060-18-063 421 1,200 686 1,200 0

Internet Connnection 5085-18-000 705 3,600 2,724 3,420 (180)

Telephone Exp.- Admin. 5086-18-000 6,189 6,600 5,946 6,600 0

Cell Phone Exp.- Admin. 5087-18-000 2,649 2,280 2,270 2,280 0

Insurance & Bonds 5900-18-064 8,227 8,500 7,600 8,000 (500)

Staff Professional Training 5900-18-065 33,268 35,000 33,092 50,000 15,000

Personal Property Taxes 5900-18-068 320 400 324 400 0

Depreciation 6950-18-000 11,413 10,754 9,175 11,538 783

Total Expenses 329,163 337,175 332,400 352,690 15,515



ADMINISTRATION



11 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Misc. Income - Accounting 4900-19-195 0 0 1,651 0 0

AGCA Discount Earned 4900-19-200 8,400 9,195 9,195 9,510 315

Total Revenue 8,400 9,195 10,846 9,510 315

Salaries 5010-19-000 142,721 104,748 108,896 108,821 4,073

Temp Help 5010-19-051 638 10,000 4,692 10,000 0


Payroll Taxes 5020-19-052 11,066 9,108 9,044 9,635 527


Pension 5020-19-139 10,642 10,095 10,017 10,950 855

Auto Expense 5030-19-000 46 240 78 240 0

Miscellaneous Meetings 5035-19-072 786 700 524 700 (0)

Audit 5040-19-076 9,183 7,418 7,880 8,625 1,208

ADP Payroll Fees 5040-19-077 5,609 6,000 5,825 6,000 0

Professional Service 5040-19-144 3,022 3,500 2,406 3,500 0

Office Exp. 5050-19-000 1,445 1,020 699 900 (120)

Postage - Accounting 5050-19-069 910 1,620 1,096 1,200 (420)

Contract Printing 5050-19-074 0 550 349 400 (150)

Bank Charge 5050-19-231 736 300 522 600 300

Membership Dues 5060-19-061 353 735 (8) 735 0

Subscriptions 5060-19-062 158 120 106 300 180

Discounts Allowed (Visa/Dues) 5140-19-078 18,514 21,000 21,389 23,000 2,000

State Excise Taxes 5900-19-079 8,560 7,500 7,982 7,500 0

City Excise Tax 5900-19-279 7,751 7,500 7,563 7,500 0

Depreciation 6950-19-000 1,572 1,572 1,572 1,133 (440)

Total Expenses 239,962 212,445 207,665 224,291 11,846



ACCOUNTING



12 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Website Advertising 4100-22-197 4,100 7,000 0 7,000 (0)

Total Revenue 4,100 7,000 0 7,000 (0)

Salaries 5010-22-000 135,559 137,632 139,928 123,840 (13,792)


Payroll Taxes 5020-22-052 11,058 12,826 11,937 11,754 (1,072)


Pension 5020-22-139 10,008 13,824 13,640 12,384 (1,440)

Auto Expense 5030-22-000 1,813 1,400 807 480 (920)


Professional Service 5040-22-144 0 600 1,050 6,000 5,400

Website Maintenance 5040-22-250 0 600 150 600 0

Office Exp. 5050-22-000 649 480 300 300 (180)

Postage - Communications 5050-22-069 5,058 4,000 2,026 1,200 (2,800)

Protrait Photography 5050-22-089 2,124 2,200 150 720 (1,480)

Subscriptions 5060-22-062 467 300 75 300 0

Cell Phone Exp.- Comm. 5087-22-000 2,000 1,200 975 1,200 0

Advertising 5140-22-082 17,510 12,300 13,469 22,600 10,300

Public Relations 5140-22-083 2,648 3,400 1,817 3,300 (100)

Newsletter 5140-22-084 1,734 2,100 525 2,100 0

Annual & Special Reports 5140-22-086 3,273 7,300 900 6,600 (700)

Depreciation 6950-22-000 0 0 0 0 0

Total Expenses 212,859 232,065 214,062 223,611 (8,454)



COMMUNICATIONS



13 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


CEO Out of Town Travel 5035-24-090 431 2,000 1,633 3,000 1,000

Executive Leadership Council 5035-24-094 5,147 4,200 3,817 4,400 200

National AGC Convention 5035-24-095 9,804 35,000 24,850 35,000 0

Western Chapters Meetings 5035-24-098 6,280 8,500 13,741 13,500 5,000

National AGC Leadership Conference 5035-24-099 11,583 16,500 627 20,000 3,500

Chapter Meetings 5035-24-100 1,157 2,000 1,220 1,200 (800)

Miscellaneous Conference 5035-24-126 1,928 3,200 1,336 4,000 800

Immediate Past President Night 5150-24-093 3,904 3,500 2,556 3,000 (500)

Old Timers Night 5150-24-129 3,281 3,300 2,725 3,300 0

Total Expenses 43,515 78,200 52,505 87,400 9,200



MEETING AND EVENTS



14 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Safety/Constr Awards Dnr-INC 4150-25-127 45,405 45,000 37,870 45,000 0

Annual Meeting 4150-25-128 79,260 78,000 100,860 95,000 17,000

Total Revenue 124,665 123,000 138,730 140,000 17,000

Salaries 5010-25-000 25,875 24,375 25,275 25,875 1,500

Incentive Compensation 5010-25-058 0 2,045 1,370 2,727 682

Payroll Taxes 5020-25-052 2,182 2,304 2,215 2,490 185

Health/Security/LTD 5020-25-070 3,337 3,650 3,514 3,646 (3)

Pension 5020-25-139 2,634 2,668 2,633 2,831 163

Auto Expense 5030-25-000 1,045 1,200 818 1,100 (100)


Office Exp. 5050-25-000 115 150 114 300 150

Postage 5050-25-069 384 150 389 100 (50)

Safety/Excellence Cons Din-Exp 5150-25-127 47,733 45,000 41,008 45,000 0

Annual Meeting 5150-25-128 75,267 78,000 106,111 95,000 17,000

Award & Recognition 5150-25-130 12,957 12,500 9,290 12,000 (500)

Total Expenses 171,532 172,343 192,789 191,370 19,027



SPECIAL EVENTS



15 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Intro / Retro 4010-36-204 41,100 17,000 35,887 5,900 (11,100)

Constructor In 4010-36-206 8,250 6,000 7,700 7,700 1,700

Min Dues - Introductory GC 4010-36-209 35,150 11,700 5,062 4,250 (7,450)

Min Dues - Associates 4010-36-211 186,319 175,000 188,928 176,500 1,500

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

Min Dues - Retro 4010-36-213 6,400 6,000 6,000 6,000 0

Youth Constructor Dues 4010-36-248 200 200 700 100 (100)

NH-GC Dues 4030-36-205 268,490 261,000 248,380 237,000 (24,000)

Vol Dues - GC 4030-36-208 892,020 877,000 883,057 876,000 (1,000)

Vol Dues - Sub 4030-36-210 373,610 371,000 417,748 411,550 40,550

Prior Years Dues 4040-36-000 75 0 7,160 0 0

Sub-Total Dues Income 1,811,715 1,725,000 1,800,623 1,725,000 0

Misc Income/Mailing Labels 4900-36-198 30 0 0 0 0

Roster Advertising 4900-36-216 5,548 6,000 5,863 6,000 0

Sub-Total Other Income 5,578 6,000 5,863 6,000 0

Total Revenue 1,817,292 1,731,000 1,806,486 1,731,000 0

Salaries 5010-36-000 132,259 124,256 127,442 101,690 (22,566)

Incentive Compensation 5010-36-058 0 9,545 6,395 10,455 909

Payroll Taxes 5020-36-052 9,453 10,555 10,419 8,870 (1,685)


Pension 5020-36-139 11,395 12,583 11,988 10,319 (2,263)

Auto Expense 5030-36-000 0 300 0 300 0

Miscellaneous Meetings 5035-36-072 1,433 1,200 77 1,200 0

W. Chapters "Membership" Meeting 5035-36-098 0 5,000 263 2,000 (3,000)

Office Exp. 5050-36-000 544 600 158 600 0

Postage - Member Services 5050-36-069 878 1,030 609 1,030 0

Cell Phone Exp.- Member Services 5087-36-000 768 960 837 1,200 240

Early Payment Disc. (2%) 5140-36-078 26,456 28,000 25,704 28,000 0

Membership Promotion 5140-36-080 16 2,000 2,000 2,000 0

Depreciation 6950-36-000 1,637 30,366 25,085 20,403 (9,964)

Total Expenses 200,209 243,229 227,218 201,928 (41,300)



MEMBER SERVICE



16 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


FLF Event Revenue 4150-16-175 10,665 12,000 12,600 12,000 0

Total Revenue 10,665 12,000 12,600 12,000 0

Salaries 5010-16-000 15,641 15,488 15,662 35,850 20,362

Incentive Compensation 5010-16-058 0 1,364 914 5,000 3,636

Payroll Taxes 5020-16-052 1,257 1,424 1,330 3,538 2,115

Health/Security/LTD 5020-16-070 2,201 2,412 2,328 6,546 4,134

Pension 5020-16-139 1,407 1,598 1,528 3,848 2,250

Student Chapter Sponsorship 5120-16-162 0 0 0 20,000 20,000

Membership Meetings 5140-16-177 1,962 2,300 1,420 1,704 (596)

Event / Entertainment Exp 5150-16-175 10,290 8,100 6,604 79,500 71,400

Food / Beverage 5300-16-000 8,637 7,650 3,929 3,660 (3,990)

Bad Debt - FLF 5920-16-196 0 0 0 0 0

Total Expenses 41,396 40,336 33,713 159,646 119,311



FUTURE LEADERSHIP FORUM



17 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Salaries 5010-26-000 21,449 18,690 19,291 19,440 750


Payroll Taxes 5020-26-052 1,672 1,572 1,582 1,636 64


Pension 5020-26-139 1,623 1,780 1,382 1,947 168

Donations - Other 5060-26-000 46,552 10,000 0 60,000 50,000

Donations - AGCEF 5060-26-063 126,500 126,500 126,500 126,500 0

Events 5120-26-158 0 750 750 3,250 2,500

Education Subsidy to Members 5140-26-136 26,700 27,000 22,425 27,000 0

Total Expenses 226,915 189,185 174,155 243,040 53,856



WORKFORCE DEVELOPMENT



18 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Safety Promotion Items 4100-42-080 28,290 27,675 23,700 23,700 (3,975)

Safety Team Inspections 4100-42-218 19,575 20,925 19,930 24,975 4,050

Safety Training 4100-42-219 (200) 5,000 11,500 5,000 0

Safety Grants Income 4100-42-241 18,390 17,122 24,162 0 (17,122)

Field Day / Safety Team (Golf) 4150-42-176 23,215 21,850 24,011 22,350 500

Shipping - Safety Products 4900-42-195 554 800 786 800 0

Total Revenue 89,825 93,372 104,089 76,825 (16,547)

Salaries 5010-42-000 261,712 239,270 246,951 260,320 21,050


Payroll Taxes 5020-42-052 22,105 22,766 21,999 22,922 156


Pension 5020-42-139 25,166 24,770 26,971 24,438 (332)

Auto/Travel Expense 5030-42-000 8,857 12,270 8,409 11,275 (995)

Corporate Travel 5030-42-178 4,136 4,760 3,420 6,710 1,950

Misc Meetings - Safety 5035-42-072 155 2,700 2,259 2,200 (500)

Consultants Fees 5040-42-144 0 3,000 5,650 3,000 0

Office Exp. 5050-42-000 794 1,200 1,117 1,100 (100)

Postage - Safety 5050-42-069 1,773 2,300 2,567 2,700 400

Contract Printing 5050-42-074 0 0 0 500 500

Membership Dues 5060-42-061 405 410 205 410 0

Cell Phone Exp.- Safety 5087-42-000 3,056 2,700 2,617 2,700 0

Safety Promotion 5120-42-080 28,700 22,352 21,982 30,852 8,500

Safety Grants Expense 5120-42-241 29 0 0 0 0

Hearing Conservation 5120-42-251 0 1,430 1,625 1,700 270

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

Golf Tournment - Safety Team 5150-42-176 12,915 13,283 14,312 13,853 570

Insurance 5900-42-064 3,232 3,350 3,481 3,500 150

Depreciation 6950-42-000 4,841 9,841 9,087 8,866 (975)

Total Expenses 416,378 425,201 426,538 468,095 42,894



SAFETY



19 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


PY 18 - Retro Income 4500-27-221 3,760 0 0 0 0

PY 19 - Retro Income 4500-27-222 (34,231) 0 6,283 0 0

PY 20 - Retro Income 4500-27-223 (34,301) 0 (43,511) 0 0

PY 21 - Retro Income 4500-27-224 577,042 0 (120,137) 0 0

PY 22 - Retro Income 4500-27-225 0 225,000 608,711 0 (225,000)

PY 23 - Retro Income 4500-27-226 0 0 0 225,000 225,000

Retro Exp Gross/Reimbursement 4500-27-242 1,447,046 1,517,760 1,565,301 1,517,760 0

Total Revenue 1,959,316 1,742,760 2,016,647 1,742,760 0

Retro Program Expense Gross 5500-27-242 1,447,046 997,524 1,565,301 997,524 0

PY 23 - RTW Operating Exp 5525-27-226 0 249,918 0 0 (249,918)

PY 24 - RTW Operating Exp 5525-27-227 0 249,918 0 249,918 0

PY 25 - RTW Operating Exp 5525-27-228 0 0 0 249,918 249,918

PY 23 - Classroom Yakima 5527-27-226 0 10,200 0 0 (10,200)

PY 24 - Classroom Yakima 5527-27-227 0 10,200 0 10,200 0

PY 25 - Classroom Yakima 5527-27-228 0 0 0 10,200 10,200

Total Expenses 1,447,046 1,517,760 1,565,301 1,517,760 0

Net Operating Income (Loss) 512,270 225,000 451,346 225,000 0


GROUP RETRO



20 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Public Works Mtg Income 4100-30-072 0 7,000 8,710 7,000 0

Legislative Reimbursement 4100-30-147 17,500 17,500 17,500 17,500 0

Total Revenue 17,500 24,500 26,210 24,500 0

Salaries 5010-30-000 228,479 138,954 144,862 172,770 33,816

Contract Lobbyists / Temp Help 5010-30-051 60,000 116,000 74,831 32,750 (83,250)


Payroll Taxes 5020-30-052 18,281 12,301 12,300 15,492 3,190

Health/Security/LTD 5020-30-070 26,027 19,259 18,434 33,450 14,190

Pension 5020-30-139 22,001 14,460 14,375 17,735 3,275

Auto Expense 5030-30-000 754 2,050 1,114 1,700 (350)

Corporate Travel 5030-30-178 704 4,000 1,360 4,600 600

Miscellaneous Meetings 5035-30-072 5,582 12,000 14,056 11,230 (770)

Professional Studies 5040-30-149 2,500 2,500 2,500 2,500 0

Legal Research & Represt. 5040-30-161 0 3,500 1,500 5,000 1,500

Office Exp. 5050-30-000 3,796 7,125 5,991 7,770 645

Office Equipment Lease 5050-30-066 176 200 244 200 0

Office Equipment Maintenance 5050-30-067 951 1,250 474 1,250 0

Postage - GAC 5050-30-069 1,536 1,200 906 1,200 0

Contract Printing 5050-30-074 3,053 4,700 4,343 4,700 0

Membership Dues 5060-30-061 2,790 3,445 2,500 11,445 8,000

Subscriptions 5060-30-062 360 510 127 300 (210)

Donations 5060-30-063 239 600 303 6,750 6,150

LRC Membership 5060-30-160 2,500 2,500 2,500 0 (2,500)

Coalitions 5060-30-259 0 2,500 3,500 2,500 0

Rent - Leg. Office 5070-30-000 45,639 49,646 47,378 50,904 1,258

Internet Service Provider 5084-30-000 1,244 1,320 1,444 2,340 1,020

Telephone Exp.- Leg. 5086-30-000 3,029 4,000 2,449 2,300 (1,700)

Cell Phone Exp.- Leg. 5087-30-000 1,733 2,400 2,347 2,400 0

WebEx 5088-30-000 0 1,000 0 1,000 0

Public Works Promotion 5120-30-080 0 5,000 12,500 2,500 (2,500)

Public Works Committee 5120-30-153 922 7,000 6,351 7,000 0

LEARN 5130-30-083 1,110 1,000 200 250 (750)

Legislative Reporting Service 5130-30-147 3,638 3,870 3,264 3,725 (145)

Gov't Affairs Committee Exp. 5130-30-148 179 1,200 100 500 (700)

Insurance & Bonds 5900-30-064 1,426 1,550 1,447 1,550 0

Depreciation 6950-30-000 16,151 15,625 15,625 14,804 (821)

Total Expenses 454,801 453,506 406,589 439,160 (14,347)



GOVERNMENT AFFAIRS COUNCIL



21 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Salaries 5010-31-000 28,651 28,932 29,768 11,971 (16,961)

Incentive Compensation 5010-31-058 0 2,114 1,416 1,182 (932)

Payroll Taxes 5020-31-052 2,323 2,618 2,552 1,110 (1,509)


Pension 5020-31-139 2,605 2,924 2,837 1,205 (1,720)

Auto Expense:BUILD 5030-31-000 247 200 72 0 (200)

Corporate Travel 5030-31-178 0 500 250 300 (200)

Misc. Meetings 5035-31-072 76 300 134 1,900 1,600

Office Exp. 5050-31-000 154 240 200 200 (40)

Indirect Overhead / Admin - Build Pac 5060-31-063 4,264 5,855 5,737 3,800 (2,055)

Total Expenses 41,770 47,452 46,621 23,258 (24,194)



BUILD-PAC



22 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Misc. Meetings 4100-33-072 2,500 1,500 1,500 0 (1,500)

Total Revenue 2,500 1,500 1,500 0 (1,500)

Salaries 5010-33-000 2,120 3,000 3,040 3,675 675

Incentive Compensation 5010-33-058 0 205 137 273 68

Payroll Taxes 5020-33-052 179 277 266 351 74

Health/Security/LTD 5020-33-070 218 359 260 452 93

Pension 5020-33-139 213 326 242 326 0

Miscellaneous Meetings 5035-33-072 1,728 4,000 3,500 3,500 (500)

Total Expenses 4,458 8,167 7,445 8,577 410



AGC - FEDERAL FACILITIES



23 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Misc Income/Labor Forms 4900-34-220 144 0 784 0 0


Salaries 5010-34-000 157,254 167,549 173,574 172,069 4,520


Payroll Taxes 5020-34-052 12,670 15,437 16,209 16,220 783


Pension 5020-34-139 15,332 18,201 16,078 18,710 509

Auto Expense 5030-34-000 954 1,200 682 1,200 0

Legal 5040-34-060 6,090 7,200 8,525 6,000 (1,200)

Office Exp. 5050-34-000 317 480 1,264 480 0

Postage - Labor 5050-34-069 69 120 249 120 0

Cell Phone Exp.- Labor 5087-34-000 768 900 974 1,200 300

Labor Relations 5120-34-163 1,206 2,400 3,588 2,400 0

Trustee Expense 5120-34-166 1,217 1,550 1,894 2,000 450

Depreciation 6950-34-000 386 386 386 129 (257)

Total Expenses 213,402 252,362 251,685 262,118 9,756



LABOR



24 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Salaries 5010-40-000 10,620 10,272 10,512 10,512 240

Incentive Compensation 5010-40-058 0 818 548 1,091 273

Payroll Taxes 5020-40-052 893 965 915 1,009 44


Pension 5020-40-139 961 1,001 987 1,029 27

Corporate Travel 5030-40-178 654 525 250 525 0

Resource Materials 5050-40-074 237 300 190 300 0

Open Shop Dinner Meeting 5120-40-167 676 375 413 375 0

Open Shop Speaker Exp. 5120-40-168 0 200 50 200 0

Open Shop Meeting Costs 5120-40-169 119 200 543 200 0

Open Shop Seminars 5120-40-170 926 375 318 375 0

Top Student Awards 5120-40-171 500 575 675 575 0

Misc. Industry Support 5120-40-172 950 1,025 675 1,025 0

Total Expenses 17,874 18,083 17,483 18,680 598

Net Operating Income (Loss) (17,874) (18,083) (17,483) (18,680) (598)


OPEN SHOP



25 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Members' Event Income 4100-12-175 60 4,500 0 8,000 3,500

District Mtgs - Seattle 4100-12-177 12,806 13,700 12,185 9,800 (3,900)

Golf - Seattle District 4150-12-176 45,413 44,000 47,826 46,000 2,000

Total Revenue 58,279 62,200 60,011 63,800 1,600

Salaries 5010-12-000 117,406 110,756 113,216 135,081 24,325


Payroll Taxes 5020-12-052 9,918 10,337 9,853 16,110 5,773

Health/Security/Ltd 5020-12-070 13,398 14,560 14,107 17,572 3,012

Pension 5020-12-139 11,473 11,935 11,717 12,194 259

Auto Expense 5030-12-000 933 1,500 928 1,500 0

Miscellaneous Meetings 5035-12-072 330 1,500 960 1,500 0

Office Expense 5050-12-000 46 500 366 500 0

Postage - Seattle District 5050-12-069 14 400 367 400 0

Contract Printing 5050-12-074 0 600 600 600 0

Membership Dues 5060-12-061 3,075 4,000 3,350 4,000 0

Donations 5060-12-063 1,500 1,500 1,500 1,500 0

Cell Phone Exp.- Seattle 5087-12-000 773 900 1,150 1,200 300

Local Gov't Affairs 5130-12-174 3,066 6,000 7,021 6,000 0

Membership Promotion 5140-12-080 1,327 3,200 2,472 8,200 5,000

Holiday Open House 5140-12-175 8,341 10,000 10,138 10,000 0

Memb mtgs/ Seattle 5140-12-177 15,541 18,500 11,823 12,250 (6,250)

UW Construction Hall of Fame 5150-12-173 0 0 0 2,500 2,500

Member Events - Expense 5150-12-175 0 10,000 0 8,000 (2,000)

Golf Tournament - Seattle District 5150-12-176 35,805 44,000 37,542 46,000 2,000

Depreciation 6950-12-000 263 0 263 88 88

Total Expenses 223,210 258,506 232,948 296,285 37,780



SEATTLE DISTRICT



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Budget 2015

MAS90 2014 2015 2015 2016 vs


District Mtgs - Southern 4100-14-177 13,160 18,900 21,920 21,000 2,100

Golf - Southern District 4150-14-176 37,925 37,000 48,737 44,450 7,450

Total Revenue 51,085 55,900 70,657 65,450 9,550

Salaries 5010-14-000 149,339 143,450 148,353 147,250 3,800


Payroll Taxes 5020-14-052 12,550 13,688 13,172 14,389 701


Pension 5020-14-139 13,084 13,711 13,910 14,095 384

Auto Expense 5030-14-000 1,067 1,800 1,300 2,904 1,104

Corporate Travel 5030-14-178 363 540 371 504 (36)

Miscellaneous Meetings 5035-14-072 2,537 1,500 1,414 6,500 5,000

Office Exp. 5050-14-000 5,445 2,400 2,000 2,400 0

Office Equipment Maintenance 5050-14-067 3,065 3,000 1,709 2,496 (504)

Postage - South District 5050-14-069 77 1,464 866 1,464 0

Office Equipment - Interest - FIFE 5050-14-290 859 650 579 660 10

Subscriptions 5060-14-062 299 150 0 0 (150)

Donations - Pierce County CC Day 5060-14-063 0 1,000 1,000 1,000 0

Telephone Exp.- Southern 5086-14-000 6,293 6,900 7,073 5,400 (1,500)

Cell Phone Exp.- Southern 5087-14-000 768 840 807 840 0

Memb Mtgs/ Southern 5140-14-177 22,649 28,100 16,280 37,000 8,900

Golf Tournament - Southern District 5150-14-176 30,885 36,000 29,776 33,000 (3,000)

Depreciation 6950-14-000 1,375 802 1,375 1,189 387

Total Expenses 271,717 291,891 271,782 311,331 19,441



SOUTHERN DISTRICT



27 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Memb Mtgs/Northern District 4100-46-177 0 0 1,380 0 0

Membership Training 4100-46-189 500 0 0 0 0

Total Revenue 500 0 1,380 0 0

Salaries 5010-46-000 60,414 56,875 58,975 60,376 3,500


Payroll Taxes 5020-46-052 5,093 5,377 5,168 5,810 433

Health/Security/LTD 5020-46-070 7,785 8,516 8,199 8,508 (8)

Pension 5020-46-139 6,146 6,226 6,144 6,606 380

Auto Expense 5030-46-000 3,202 2,400 4,490 3,600 1,200

Corporate Travel 5030-46-178 443 600 349 600 0

Miscellaneous Meetings 5035-46-072 2,059 1,600 1,595 1,600 0

Office Exp. 5050-46-000 1,155 750 370 480 (270)

Postage - North District 5050-46-069 550 600 292 240 (360)

Membership Dues 5060-46-061 834 1,000 1,400 1,000 0

Subscriptions 5060-46-062 484 190 466 165 (25)

Rent - N. District 5070-46-000 9,000 9,000 8,250 9,000 0

Telephone Exp.- Northern 5086-46-000 0 50 36 50 0

Cell Phone Exp.- Northern 5087-46-000 1,254 960 837 900 (60)

Community Services/ Image Bldg 5120-46-185 2,700 1,500 950 1,500 0

Membership Training 5120-46-189 2,752 4,000 3,885 4,000 0

Local Gov't Affairs 5130-46-174 825 1,000 758 800 (200)

Membership Promotion 5140-46-080 787 1,000 829 5,900 4,900

Memb mtgs/ Northern 5140-46-177 8,563 7,200 8,487 8,100 900

Insurance & Bonds 5900-46-064 545 600 528 0 (600)

Total Expenses 114,591 114,217 115,206 126,059 11,842



NORTHERN DISTRICT



28 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


Memb Mtgs/Central Wa District 4100-48-177 555 1,000 500 500 (500)

Member Training 4100-48-189 96 600 300 150 (450)

Golf Tournament-Central WA 4150-48-081 17,355 16,000 21,455 18,900 2,900

Total Revenue 18,090 17,600 22,255 19,550 1,950

Salaries 5010-48-000 77,917 75,328 77,090 77,088 1,760


Payroll Taxes 5020-48-052 6,546 7,077 6,708 7,402 325


Pension 5020-48-139 7,048 7,342 7,238 7,542 200

Auto Expense 5030-48-000 0 0 0 0 0

Corporate Travel 5030-48-178 949 2,070 1,244 1,350 (720)

Office Exp. 5050-48-000 1,765 1,425 1,110 1,425 0

Postage - Central District 5050-48-069 177 225 80 225 0

Membership Dues 5060-48-061 3,009 2,750 2,850 3,070 320

Subscriptions 5060-48-062 363 200 126 200 0

Rent - C. District 5070-48-000 6,396 7,020 6,678 6,900 (120)

Internet Service Provider 5084-48-000 730 720 685 720 0

Telephone / Cable TV - Central 5086-48-000 727 732 687 732 0

Cell Phone Exp.- Central 5087-48-000 768 840 1,100 840 0

Member Training Meetings 5120-48-189 925 1,800 1,840 1,800 0

HR Roundtable 5120-48-266 486 650 333 650 0

Local Gov't Exp. 5130-48-174 1,132 1,000 993 1,000 0

Membership Promotion 5140-48-080 2,397 2,400 2,100 7,400 5,000

Memb mtgs/ Central WA 5140-48-177 5,391 3,300 2,498 3,300 0

Golf Tournament - Central District 5150-48-081 14,807 15,000 16,312 15,000 0

Insurance & Bonds 5900-48-064 588 650 581 650 0

Depreciation 6950-48-000 410 410 410 410 0

Total Expenses 142,338 147,581 145,001 156,445 8,864



CENTRAL DISTRICT



29 of 30

Budget 2015

MAS90 2014 2015 2015 2016 vs


LT Investment - Dividend MM 4801-90-000 15,436 0 7,686 0 0

LT Investment - Bond Interest 4802-90-000 23,769 24,000 10,150 24,000 0

Subtotal Interest and Dividends 39,206 24,000 17,836 24,000 0

LT Inv Real Gain(Loss)-Basis 4850-90-000 111,771 0 31,924 0 0

LT Inv Unreal Gain(Loss)-Mrkt 4851-90-000 (27,025) 0 (88,159) 0 0

Gain/Loss on Disposal of Asset 4950-90-000 0 0 0 0 0

Subtotal Gain (Loss) 84,746 0 (56,236) 0 0

Total Revenue/ Gain (Loss) 123,952 24,000 (38,400) 24,000 0

Investment Consultant Fee 5800-90-000 11,161 12,000 5,847 12,000 0

Total Expenses 11,161 12,000 5,847 12,000 0

Net Operating Income (Loss) 112,791 12,000 (44,247) 12,000 0


NON-OPERATING



30 of 30

2016 2015 2015Capital Capital Capital

Proposed Approved ForecastBudget Budget Actual

Buildings Buildings

Seattle Building Seattle BuildingAnnex Building Roof 25,000 Replace 1st and 2nd Floor Slider Doors 100,000 37,011Upgrade Tower Lobby Lighting Floors 3 - 10 30,000 Renovate Building Restrooms - 2 Floors 70,000 72,660Replace Boiler 140,000 Video Cameras 18,000 12,753First Floor Ceiling Tiles 10,000 Generator Upgrade 5,203 4,315Second Floor Ceiling Tiles 40,000 Stairwell Lock Upgrade 5,727 5,876Digital Directory 8,000 McKinstry - VFD Controller for HVAC 0 15,421First Floor Lobby Upgrade 75,000 Sump Pumps 0 41,000Window Film - South Side 60,000 Paint - Annex Building 0 7,250

First and Second Lobby Design Work 0 50,000

Fife Building Fife Building

Fife Building 0 Fife Building - Roof 55,000 34,829

Subtotal 388,000 Subtotal 253,930 281,115

Tenant Improvements Tenant Improvements

Seattle Building - Various Suites 140,000 Seattle Building - Various Suites 125,000 151,118Fife Building - Suite C 0 8,500


Leasing Commissions Leasing Commissions

Commissions 80,000 Commissions 80,000 81,725


Building Total 608,000 Building Total 458,930 522,458

Marina Marina

Marina Slip Signage 0 5,586

Marina Total 0 Marina Total 0 5,586

Association Association

Technology Technology

Server Upgrade 40,000 Server / Computer Upgrade 14,500 4,500Exchange Upgrade 9,500


Member Services Member Services

DataBase 20,000 DataBase 90,000 40,000Workstation Computers 10,500 Lake Union and 2nd Floor Video Conferencing 0 60,000

Seattle Office Seattle Office


Safety Safety

Subtotal 0 Subtotal 0 0

Government Affairs Office Government Affairs Office

Subtotal 0 Subtotal 0 0

Association Total 80,000 Association Total 104,500 104,500

Replenish Reserve Account 0 Replenish Reserve Account 0 0

Subtotal - Capital Expenses 688,000 Subtotal - Capital Expenses 563,430 632,544

Debt Service 0 Debt Service 78,000 450,000

AGC TOTAL PROPERTY & EQUIPMENT 688,000 AGC TOTAL PROPERTY & EQUIPMENT 641,430 1,082,544

2016 AGC PROPOSED PROPERTY & EQUIPMENT (CAPITAL) BUDGET

H:\Acctg\12. Budget & Cash Flow\3. Capital Budget & Projection\2016 Proposed Capital Budget

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