BOARD OF TRUSTEES MEETING September 14, 2015 11:00 AM – … · 2019-08-19 · 1 BOARD OF TRUSTEES MEETING September 14, 2015 11:00 AM – 3:00 PM AGC Conference Center, Seattle,

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BOARD OF TRUSTEES MEETING

September 14, 2015 11:00 AM – 3:00 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. Consensus on proposed 2016 Budget Assumptions & Priorities.

AGENDA TAB

CONSENT AGENDA (5 min.) 1. Approval of April and June summary minutes 1 2. Approval of July – September Membership reports 2 WRITTEN REPORTS

1. District Reports: Central, Northern, Seattle, Southern 3 2. Department Reports: Group Retro, Labor, Property, Safety 4

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

a. Officers’ Retreat recap 1. Properties (reviewed 10-yr. capital improvement plan) 2. Reviewed AGCWA’s Strategic Plan and how to better service our members 3. Discussed the relevance of Gen Y as an emerging workforce and keeping AGCWA relevant to all members, all generations

4. Discussed continued alignment with the AGC Education Foundation and more communication between the two associations regarding workforce development

2. Executive Vice President’s Report (10 min.) a. Next Generation Task Force 5 b. Questions / comments for staff / officers? INTERACTIVE DISCUSSION/ACTION

1. Controller’s Financial Report – Kelly Barber (10 min.) 6 a. Approval of July financial statements

2. Proposed 2016 Budget Assumptions & Priorities – Kelly Barber (10 min.) 7 (11:45 AM lunch) (30 min.)

STRATEGIC REVIEW / PLANNING (CONTINUED FROM JUNE 5 BOARD RETREAT) (160 min.) Facilitated by Cary Hegreberg, Executive Director, Montana Contractors Association

1. Review updated Strategic Plan 8 2. Anything missing from updated goals and objectives? 3. Missing a BHAG (Big, Hairy, Audacious Goal)? 4. Are there any items to add to the 2016 Budget Assumptions & Priorities

after reviewing the Strategic Plan?

OTHER BUSINESS (5 min.) 1. 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

3:00 PM Meeting adjourned

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SUMMARY MINUTES AGC OF WASHINGTON BOARD OF TRUSTEES MEETING APRIL 20, 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 Brent Levander Centennial Contractors Enterprises Annie Lombroia Ashbaugh Beal Paul Mayo Flatiron Constructors, Inc. Nancy Munro MidMountain Contractors, Inc. Jim Rowley Howard S. Wright, a Balfour Beatty Co. J. Schaufelberger UW College of Built Environments Glyn Slattery Lydig Construction, Inc. Gordon Spencer Teknon Corporation Mickey Traugutt Washington Patriot Construction LLC Sharon Young Concord Construction, Inc. BOARD MEMBERS ABSENT Delton Bonds Mountain States Const.Co Mark Seaman J.R. Abbott Construction Inc. Joe Simmons Joseph S. Simmons 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 Greg Crisostomo AGC of Washington Jerry Dinndorf AGC of Washington Liz Evans AGC of Washington Randy Guzman AGC of Washington Paula Jackson AGC of Washington Dave Kearby AGC of Washington Mandi Kime AGC of Washington Diane Kocer AGC Education Foundation Andrew Ledbetter AGC of Washington Stacy Mullane AGC of Washington Doug Peterson AGC of Washington Chuck Quick AGC of Washington Dani Tijan AGC of Washington Jerry VanderWood AGC of Washington Patrick McQueen Lease Crutcher Lewis WA, LLC Bryan Kelley Oles Morrison Rinker & Baker LLP

CALL TO ORDER First Vice President Gary Smith welcomed everyone and called the meeting to order at 11 AM. CONSENT AGENDA Action: It was moved (Kunzman), seconded (Day), and carried to accept the February summary minutes. It was moved (Kunzman), seconded (Day), and carried to accept the March and April Membership reports as presented. Re: March Membership Report (approved by Officers 3/3/15)

The following candidates have been screened and meet the proper classification requirements:

NEW MEMBERS

ASSOCIATE Seattle District California Industrial Facilities Resources Inc. / CAMSS Shelters, Monroe, WA Lake Washington Construction Services, Inc., Seattle, WA

Southern District Dickson Law Group PS, Tacoma, WA North Mason Fiber Co., Belfair, WA Ritchie Bros Auctioneers, Chehalis, WA

INTRODUCTORY SUBCONTRACTOR Seattle District Apollo Mechanical Contractors, Auburn, WA

NON-HOME GENERAL CONTRACTOR Seattle District Dragados USA Inc., Seattle, WA Re: April Membership Report


NEW MEMBERS


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ASSOCIATE Northern Associate Whatcom Lawns, Inc., Lynden, WA Seattle District Plangrid, San Francisco, CA Tarragon LLC, Seattle, WA

INTRODUCTORY SUBCONTRACTOR Northern District The Erection Company, Ste. D, Arlington, WA

SUBCONTRACTOR Central District Titan Electrical LLC, Yakima, WA

Seattle District Hammer Construction, Seattle, WA

MEMBERSHIP CATEGORY CHANGE Lake Washington Construction Services – Seattle – Changing from an Associate to General contractor

NOT RENEWING MEMBERSHIP Associates BP Cherry Point Refinery – Northern – Budget issues IMAGINiT Technologies – Seattle - See no benefit to membership Industrial Bolt & Supply, Inc. – Seattle - Joined MBA for Health plan JF Shelton Company, Inc. – Seattle - Joined MBA for Health plan JPMorgan Chase & Co. – Seattle - not included in Association budget - no clients established Mentor Law Group, PLLC – Seattle – No reason provided Mountain Medic CPR – Seattle – No reason provided Rudd Company, Inc. – Seattle – Joined for retro, didn’t qualify, not the right classification code Scheer & Zehnder LLP – Seattle - Not where they want to spend their marketing dollars Swerve Fleet Training – Seattle – Phone number no longer exists, assume they’re out of business Wells Fargo Insurance Services USA, Inc. – Seattle – Reduced membership budget, not very active McGladrey LLP – Southern – Focusing more on real estate clients at this time Premier Rentals, LLC – Southern – Not renewing health plan Tacoma Screw Products Inc. – Southern – No reason provided

General Contractors Carlisle Classic Homes – Seattle - Not renewing in health plan - joined MBA plan Ch2M Hill Constructors – Seattle - No reason provided Comren, Inc. – Seattle - Project over, nothing else in WA Mode Construction – Seattle - No reason provided Traylor Frontier-Kemper J.V. – Seattle - Project has ended, may return if they secure another project they're bidding on in August

Retro Craftwall - Inland NW - Closed their L&I account, being dropped from Retro

Subcontractors PM Northwest, Inc. – Northern – Business closed Whatcom Construction, Inc. – Northern – Business closed Sno Valley Process Solutions – Seattle - Never participated, no large enough to get involved Stansell Glass Inc – Seattle - Not renewing health plan - joined AWB plan TWR Builders, LLC – Seattle - Business closing Precision Electric of WA – Southern - Not renewing health plan Triad Mechanical, Inc. - Southern - No longer participating in Retro program


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DROPPED The following are member companies who have not paid their 2015 dues by the April 15

th deadline; per the

AGC bylaws, they become members not in good standing and must be expelled from membership:

ASSOCIATES Andrews & Associates Construction Consulting

Services, LLP - Northern Materials Testing & Consulting, Inc. - Northern Enterprise Fleet Service - Seattle Gordon & Rees LLP - Seattle KriStar Enterprises, Inc. - Seattle Mallory Safety & Supply LLC - Seattle

Mistras Group - Seattle Sound Weather LLC - Seattle Steeler, Inc. - Seattle

Team Tube LLC - Seattle Tec Equipment Seattle - Seattle The Blue Book Building and Construction - Seattle Washington State Conference of Mason Contractors - Seattle Exeltech Consulting Inc - Southern Hanes Geo Components - Southern Phicore Health Services, LLC - Southern Pinnell Busch, Inc. - Southern

GENERAL CONTRACTORS DLT Construction, LLC - Central S A R Construction Co. Inc. - Central BOSS Construction, Inc. - Northern Doyon Project Services, LLC - Seattle Franklin Pacific Construction Company - Seattle Frontier-Kemper Constructors, Inc. - Seattle

Cherokee Construction Services, LLC - Southern Coastline General, Inc. - Southern Edge West LLC - Southern Shimmick Construction Company Inc. - Southern Sunset Pacific General Contractors, Inc. - Southern

SUBCONTRACTORS Lundeen Simonson Inc - Central COBRA BEC - Seattle

Rebar International, Inc. - Seattle

YOUNG CONSTRUCTORS Cera Davis – M.A. Mortenson Company Shawn O’Leary – Holland Construction

D’Hondt noted that the drop in membership numbers is typical for this time of year; those joining / dropping for health plan reasons should begin to level out in the months ahead. It was noted that membership dues revenue is at an all-time high, even though membership numbers do not reflect this. WRITTEN REPORTS The following written reports were presented to the Board: district reports from the Central, Northern, Seattle, and Southern districts; and, Communications/Marketing and Property reports (copies attached to original summary minutes). ORAL REPORTS FLF Presentation – FLF Chair Bryan Kelley with Oles Morrison Rinker & Baker and Patrick McQueen with Lease Crutcher Lewis gave an updated first quarter status report on the AGC’s Future Leadership Forum. They restated the FLF’s purpose and mission: “To develop the professional and interpersonal skills of up-and-coming leaders of Washington’s construction industry. The FLF is focused on providing events centered on education, professional development and networking to enhance participants’ knowledge of the local marketplace, the construction industry, the AGC, and their own leadership potential.” They noted that the FLF has developed four subcommittees, which encompass: executive (Board/officers); education;


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social; and philanthropy. In addition to other events, FLF has planned another Leadership Series that will have more local focus than last year; pricing is $20/per person; flyers are available for those interested. Kelley and McQueen asked Board members to encourage participation by employees, come to FLF events to help break down the division of the senior group versus the younger group; take FLF's seriously; let them know if you don’t agree with what they’re doing; and, encouraged the Board to demand more of them.

Board member Mickey Traugutt suggested the FLF consider live webinars in an effort to reach more people in outlying areas. He also suggested the younger generation be recognized more for their accomplishments. President’s Report – President Smith reported on the recently attended AGC of America National Convention in Puerto Rico. He stated that it was a good convention; a great opportunity to network and collaborate with members from other chapters. Smith noted that all states are struggling with a viable transportation package; and, workforce development continues to be a key issue across the country. June 5 Board Retreat – Smith encouraged attendance at the June 5 Board Retreat, which will be held from 9 AM to approximately 3 PM; an 8:30 AM continental breakfast will be available prior to the meeting. He stated that the majority of the day will be spent developing short and long-term goals for our Strategic Plan.

Executive Vice President’s Report – Executive Vice President David D’Hondt encouraged the use of AGC of America’s resources. He highlighted some of what AGCA worked on last year:

• Water Resources Reform Bill – passed • Inland Waterway Fuel Tax increase • Highway & Transit Reauthorization • Multi-Employer Pension Reform • Limitations on Reverse Auction Procurement • Fly Ash as a Toxic Substance • Revisions to DOT DBE Requirements • Government PLA’s

Current challenges for this year include: • Highway & Transit Reauthorization • Multi-Employer “Hybrid” Plans • OSHA – new silica rule – trying to limit • EPA “Waters of the U.S.” • Comprehensive Tax Reform • NLRB “Ambush” Elections • EPA & OSHA e-Reporting • “Blacklisting” Executive Order

Per AGC of America (CEO Steve Sandherr), the “keys to success” are: • Recruit and retain the right people

• Partner with those who share your values

• Perform quality work

• Know the project • Anticipate and address conflicts early

• Offer alternative methods

• Tell the truth

D’Hondt showed a couple of new AGCA video ads; they will start using more videos in their future advertising campaign.


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AGC Education Foundation Presentation – Executive Director Diane Kocer gave a brief overview of the Foundation. Kocer noted that the Foundation was founded in 1980 by the AGC of Washington and continues to operate as a seamless arm of the AGC of Washington, offering a multitude of industry classes (including custom classes to members and non-members), webinars, student scholarships, grants, and involvement in workforce development, i.e. King County Construction Career Days, Ready Set Build, Construction Adventure Camp, partnering with Seattle Public Schools in various teacher/student outreach programs, etc. Kocer thanked the Board for AGCWA’s annual $126k subsidy to the Foundation; it currently has a $3.9M endowment fund, plus $994k in restricted funds. INTERACTIVE DISCUSSION/ACTION Controller’s Financial Report – Controller Kelly Barber reviewed the financials for the month ended February 28, 2015. As of February 28, 2015, the Net Operating Income (NOI) equaled $1.367M vs. a year-to-date budget NOI of $1.327M creating a favorable year-to-date budget variance of $40k. The year-to-date positive revenue variance of $20k combined with the positive expense variance of $20k produced the total favorable year-to-date budget variance of $40k.

The year-to-date positive revenue variance of $20k was primarily from above budget revenue in Event Revenue and Other Rent Revenue.

The year-to-date positive expense variance of $20k was primarily comprised of under budget expenses in most expense categories except Event Expense and Building / Marina Expense.

The building’s occupancy rate was 94% as of February 28, 2015.

Action: It was moved, seconded (Day), and carried to approve the February Financial Report as presented. Draft 2014 AGC Audit Report – Controller Barber reviewed a draft copy of the 2014 AGC Audit Report by Doty, Beardsley, Rosengren & Co., P.S. Barber reported an increase in net cash and cash equivalents of $224.7k at year-end 2014 compared to $328.6k at year-end 2013. Per Barber a final audit report should be available in May.

President Smith reported that the auditors have suggested some internal controls be implemented related to:

• Policy for airline miles used • Policy for small tips / recognition • Future property management – internal versus external • Trading for services in the Marina

LAC Recommendation on 12/8/14 Request by John Ahlers – Smith advised that there is nothing new to report on this issue; no recommended action to take, as of this date, as no lawsuit is currently planned.

GAC Legislative Update – Chief Lobbyist Jerry VanderWood gave an updated legislative report, which included:

• Transportation Package – House and Senate each has their own version and are trying to reach agreement. • Bid Listing Bill dead • AGC’s BUILD PAC – ahead of budget with dues check-off • Thank you to everyone who has visited Olympia lately and assisted with legislative issues

Strategic Plan – Smith and D’Hondt reported that the upcoming June 5 Board Retreat will focus on establishing short and long-term goals, reviewing the current Strategic Plan and its BHAG’s to determine whether relevant or not and to establish new BHAG’s if appropriate. They noted that some relevant issues to consider include:


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• Membership – attracting and retaining members; generational elements – keeping relevant • Education / Workforce Development – needs of smaller-mid-sized companies versus large companies? • Legislative / Advocacy – staying business friendly • Technology – are we current or not? • Properties – important asset • Succession Planning – what can Board do to assist with transition of senior staff?

Smith asked Board members to submit additional thoughts / comments to him or D’Hondt within the next couple of weeks. He noted that refining the Strategic Plan will be a two-part procedure: the June Retreat will involve discussion and framing issues; the September Board meeting will clarify BHAG’s and further define short and long-term goals. D’Hondt reported that Sarah Sladek, CEO with XYZ University, will assist in facilitating the retreat via live webinar. He circulated to the Board (and to key staff) a copy of her book, “Knowing Y,” which he asked the Board to read prior to the retreat. Sladek’s book pertains to Generation Y and how to work with them as they become a dominant generation in the workforce. OTHER BUSINESS Announcements – April 21 Seattle District Membership Mtg., 7:30 AM, Harborside Rm. May 6 Southern District Membership Mtg., 5 PM, Tacoma Elks Club May 14 Build WA Awards Dinner, Museum of Flight, 6 PM May 18 Seattle District Golf Tournament, Bear Creek Country Club June 5 Board of Trustees’ Retreat, 8:30 – 3 PM, AGC Conference Center

The meeting was adjourned at 12:45 PM for a tour of the AGC building led by Facilities Engineer Chuck Quick, Property Manager Paula Jackson, and Director of Properties Richard Bristow. ________________________________________________________________________________ Jake Jacobson, Second Vice President Date

SUMMARY MINUTES AGC OF WASHINGTON BOARD OF TRUSTEES RETREAT JUNE 5, 2015

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

BOARD MEMBERS ABSENT Mike Grace Groff Murphy, PLLC STAFF/GUESTS PRESENT David D’Hondt AGC of Washington Tim Attebery AGC of Washington Richard Bristow AGC of Washington Greg Crisostomo AGC of Washington Liz Evans AGC of Washington Lauren Gubbe AGC of Washington David Kearby AGC of Washington Mandi Kime AGC of Washington Sean Lewis AGC of Washington Dani Tijan AGC of Washington Jerry VanderWood AGC of Washington Katie Church Turner Construction Bryan Kelley Oles Morrison Rinker & Baker LLP Patrick McQueen Lease Crutcher Lewis WA, LLC

CALL TO ORDER President Gary Smith called the meeting to order at 9:05 a.m.

OTHER BUSINESS Building Loan Payoff – President Smith reported that with the current budget surplus, it is recommended AGCWA pay off its building loan, in the amount of $431,891.01.

Action: It was moved (Day), seconded (Kunzman), and carried to approve the building loan payoff in the amount of $431,891.01.

Draft Audit / Final Audit – President Smith reported that at the April Board Meeting, the Board was presented with a draft audit by Doty, Beardsley, Rosengren & Co., P.S. Per Smith, since that date, a final audit was emailed to the Board along with a letter from the auditors and a letter from management regarding governess issues. Smith advised that AGCWA is working on correcting these issues. Executive Vice President Dave D’Hondt reported that the issue (under his direction) involved the bartering of one, free moorage slip in exchange for the AGCWA to use the boat for various activities. D’Hondt noted that AGCWA has made appropriate changes per auditors’ suggestions and stated that the Property Manager “was unfairly thrown under the bus” in the auditor’s letter. President Smith elaborated that the situation created discomfort for the Accounting Department. He stated that there are procedural and software changes in place now that will correct this type of issue going forward.

INTERACTIVE DISCUSSION / ACTION AGC’s 10-Year Capital Budget – Executive Vice President Dave D’Hondt reviewed AGC’s 10-year capital budget, including several notable changes to date:

• Video security camera system (saved $4k from budgeted amount) • Replace slider door assemblies (saving $63k from budgeted amount) • Replace HVAC VFD driver (additional $20k) • Fife building roof (saved $21k) • Marina slip signage (additional $5,230) • Optional: Traffic Camera – re: Westlake Cycle Track (additional $4k) • Optional: Yacht building pump system (additional $44k)

D’Hondt noted that the additional items added to the budget will be paid for through savings, to date, in budgeted areas. He also reported that both dues income and Retro income are over budget to the


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positive. D’Hondt stated that this is the first time AGC is budgeting a ten-year overall surplus in the amount of $242,773.

Action: It was moved (Seaman), seconded (Day), and carried to approve the 10-year capital budget with the proposed changes as presented. Board Designated AGC Reserve Equity Allocation – Secretary/Treasurer Mark Seaman recommended approval of the following proposed allocation of the three reserve equity pools:

• Special Projects Reserve $100k • Operations Reserve $840k (increase of $420k) • Plant & Equipment Reserve $2.06M

The total Board Designated Reserve Equity Pools (alloc. Equity) equaled $3M. It was noted that there is $400k in the building savings’ account. There was some discussion on whether $2.7M should be approved now as the total AGC Reserve Allocation with the “goal” to reach $3M.

Action: It was moved (Cressman), seconded (Kunzman), and carried to approve the original recommended AGC Reserve Allocations of $3M for the total Board Designated Reserve Equity Pools (alloc. Equity). AGC Education Foundation Endowment – President Smith reported that per the recently established AGCWA/AGCEdFoundation partnering agreement, the officers held their first joint meeting with the Education Foundation officers. It was noted that the Foundation’s 35th anniversary is approaching this year, and AGC of Washington would like to offer the Education Foundation $25k in an unrestricted, named endowment, plus $1k for the first year’s income; this would be the first named endowment from AGCWA.

Action: It was moved (Jacobson), seconded (Kunzman), and carried to approve $26k to the AGC Education Foundation: $25k for an unrestricted, named endowment; and, $1k additional income. May/June Membership Reports Action: It was moved (Simmons), seconded (Seaman) and carried to approve the May and June Membership Reports, as follows:

Re: May Membership Report (approved by Officers 5/18/15)


NEW MEMBERS

ASSOCIATE Seattle District Alaska USA Federal Credit Union, Seattle, WA - Reason for Joining: Networking. Southern District RMD Kwikform, Puyallup, WA - Reason for Joining: Labor relations.

INTRODUCTORY RETRO SUBCONTRACTOR Seattle District Wrecking Ball Demolition LLC, Everett, WA - Reason for Joining: Workers’ Compensation Group Retro


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NON-HOME GENERAL CONTRACTOR Central District Acme Concrete Paving, Inc., Spokane, WA - Reason for Joining: Labor relations. SUBCONTRACTOR Southern District StructureWorks NW, LLC, Fife, WA - Reason for Joining: Workers’ Compensation Group Retro YOUNG CONSTRUCTOR Seattle District Shannon Fuller – Foy Goup Erin Villeneuve – Holiday-Parks, Inc.

NOT RENEWING MEMBERSHIP Jody Miller Construction Inc – Southern – Has decided not to renew membership after completing 3 years of the Extended Introductory Retro Membership, they are returning to the retro plan they were participating in prior to AGC’s plan.

REINSTATEMENTS The following members have paid their AGC of Washington membership after being expelled by the Board in April and are requesting to be reinstated to the membership:

Associates The Blue Book of Building & Construction – Seattle Gordon & Rees – Seattle Mistras Group – Seattle Washington State Conf. of Mason Contractors - Seattle Phicore Health Services, LLC – Southern

General Contractor Boss Construction – Northern Franklin Pacific Construction Co. – Seattle Shimmick Construction Company. – Southern Sunset Pacific General Contractors – Southern

DROPS The following member companies are 90 days past due on paying membership dues following the completion of an Introductory membership. They are no longer members in good standing with the AGC of Washington and are recommended for expulsion: Seattle District Clannadh – General Contractor

Southern District Vet Industrial, Inc. – General Contractor Western Partitions, Inc – Subcontractor

Re: June Membership Report


NEW MEMBERS

ASSOCIATE Seattle District GE Capital, Cordova, CA - Reason for Joining: Networking Mattheus Lumber Company, Inc., Woodinville, WA - Reason for Joining: Networking/Marketing


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Southern District TEMP-AIR, Inc., Longview, WA - Reason for Joining: Networking INTRODUCTORY RETRO SUBCONTRACTOR Seattle District Anning-Johnson Company, Redmond, WA - Reason for Joining: Workers’ Compensation Group Retro REINSTATEMENT Clannadh – Seattle – this member was listed on the May report to be dropped as they hadn’t paid their AGC dues, which were 90 days late. They paid their dues on Friday, May 22 to reinstate their health coverage.

Nominating Committee – President Smith reported that Mark Seaman is finishing his second, third year term as secretary/treasurer for the AGCWA. Per Smith, a replacement is being sought at this time to, hopefully, overlap Seaman’s remaining term at AGC (actual election will occur at the January Annual Membership Mtg.). It was noted that a couple of viable candidates are being vetted and hoped the selected nominee could participate in the upcoming Officers’ Retreat. Smith noted that as president, it is up to him to appoint the Nominating Committee, whose charge it will be to nominate the entire slate of officers and board members for 2016. Smith noted that Nancy Munro, Jake Jacobson, and Mark Seaman have agreed to serve on this year’s Nominating Committee and asked for Board volunteers. Board member Gordon Spencer volunteered his services. (Note: per AGC bylaws, the president shall appoint the committee, which should be composed of 11 members and chaired by the most recent past president available; 5 members shall be past presidents and the five remaining members drawn from the pool of members in good standing.) STRATEGIC PLANNING REVIEW

President Smith asked the group if there were any major buckets missing from the list below, for strategic planning purposes?

• Financial / Retro • Membership • Government Affairs • Properties • Technology • AGC Education Foundation • Safety • Staff Succession Planning • Gen Y

Note: No additional suggestions were made. INTERACTIVE DISCUSSION / ACTION (CONTINUED) Sarah Sladek, CEO, WYZ University and author of “Knowing Y for Strategic Planning,” spearheaded a live 2-hr. webinar on Gen Y. Sladek, an experienced marketing and media professional who started researching demographic shifts in 2002 voiced her concern about declining engagement in our nation’s membership associations, non-profits, and workplaces. Sladek assists organizations in identifying their competitive advantage, embracing change, bridging gaps, increasing ROI, and remaining relevant to future generations. The focused generation, Gen Y, was born between 1982 – 1995; they represent 60% of the workforce in 2015 – as Baby Boomers begin retiring. Slakek spoke about the importance of the “trickle up” affect, whereby trends usually start with the youngest generation and trickle up to the older generations, i.e., Facebook, selfies, etc. Sladek noted that one in five construction workers is 55 or older; 1.1M construction workers will retire by 2024. She advised that the ascension of Gen Y in the workforce presents a strategic opportunity for organizations to tailor their offerings and culture to the preferences of the dominant demographic. Sladek was of the opinion that to effectively serve this demographic (i.e., succession planning, workforce development), associations need to know and understand Gen Y and their expectations.


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Per Sladek, some of their unique traits include: • Young demographic (majority in their 20’s) • Size (60% of workforce in 2015) • Introducing a new value system (often dismissed as entitled, self-centered, attention-deficit, immature, and

incapable of interpersonal communication) - Hates to be sold anything; - Has been rewarded for participation and not achievements (trophy kids); - Doesn’t seek to acquire stuff—including association memberships (need access to stuff); - Can self-organize friends for grassroots activism; - Trusts peers first and parents second; - Actively researches prices and reads reviews before making purchase; - Is driven by a desire to make a difference; - Expects exceptional service, like Amazon.com; - Seeks to do business with ethical, trustworthy organizations; - Values customization (digital, instant gratification; values time); - Remains detached from institutions but closely networked with friends. - Values education / knowledge; are entrepreneurial; very protected – used to parents being there;

delayed adulthood; anxious to move up, but used to being taken care of.

Prior to the retreat, Board members had been asked to survey a number of Gen Y and Gen X on the following questions; Sladek asked for the top responses to these questions:

1. What event was most memorable during your childhood? GEN X GEN Y Eruption of Mt. St. Helens 9-11 Challenger Explosion Gulf War

2. What is your communication preference?

Face-to-face Face-to-face Email Text

3. What 3 words describe an ideal leader?

Personable Open Energetic Honest Intelligent Intelligent

4. What is most challenging in your age group right now?

Technology Economics Work / Life balance Work / Life balance $ for future Distractions

5. An experience that made you feel like you belonged (to an organization)?

Teamwork Inclusion, valued

6. Describe “success” in one word? Happiness / Contentment Happiness

Board member Ken Day questioned if Gen Y understands the concept that “there is no free lunch and that there is a trade-off for every choice one makes?” Sladek stated that Gen Y values education and knowledge, they are entrepreneurial; however, they have been very protected and used to their parents support; they are desperate, desire to move up, but are used to being taken care of.

Board member Mickey Traugutt asked for information on Gen Z. Per Sladek, Gen Z is: - 19 yrs. and under - Grew up with smart phones/tablets


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- First to totally know technology; very digital - Love photography / YouTube - Visual learners - Used to diversity - Confident / independent speakers; very technical; decision-makers - Hero mentality

Seattle District Manager Jerry Dinndorf asked how best to deal with Gen Y when AGCWA is based on company memberships rather than individual memberships. Sladek stated that most individuals attending AGCWA events are likely Baby Boomers, and AGCWA needs to determine how best to involve younger generations into the association; this includes succession planning and sustainability – huge issues execs are facing today. She encouraged the group to consider what services and products should be provided to members of all ages. D’Hondt thanked Ms. Sladek for her presentation. She noted that she will follow-up to see how things develop and encouraged anyone with questions to please contact her. Questions from Sarah Sladek – D’Hondt divided the group into four groups and asked the following questions:

1) What do or could we provide members that is useful / valuable now (targeting 30 yr. olds or future 40 yr. olds – president of an AGC construction company)? Group 1:

• Webinars (FLF) • Recognition Programs (PE of the Year Award, etc.) • Events:

o Discount / Other Incentive for AGC event attendance o Make events more Gen Y relatable and/or separate Gen Y-oriented events o 40 & under recognition events o New “First Timer” Member / Prospective Member Welcome Event

• More visibility/brand promotion for FLF • Education Foundation programs targeted at Gen Y; early career development • Better engagement with student chapters, with follow-up

Group 2: • Identify & promote a cause (a better city/region; philanthropic impact) • Multi-cultural worker forum (how to embrace and employ them with respect to their cultures) • Market all AGC services related to $ (how this saves $ or makes me $) • Social media and communication (better webcasting and marketing approaches; our website is

antiquated; easy online access to resources; social media; video. • Refresh our educational content. It’s very stale; more current, better technology. • Technology Trade Show (AGC lead the technology learning curve; AGC offer technology services /

partner with vendors / use our existing partners.) • Safety Best Practices (Market what we have in safety and claims; develop best practices for other

areas: business/budgets/estimating/project management/contracts guides/resources/easy/concise/transparency; Marketing/social media; Labor / construction techniques / construction technology)

Group 3: • Website: more visible and user friendly with ROI services • Training • Information • Contact with industry movers, leaders


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• Opportunity for community service • Mentoring (safety) • Retro/Safety/Insurance: maintain as robust • Future leaders -- must be a student chapter member to apply for scholarship (start building loyalty) • Our association doing good for others (PR piece on) • Philanthropy (involvement at colleges; need to do a lot more)

Group 4: • AGC Podcasts for listening during commute • AGC “University” (industry topics; education talks) • More Community Service • Education • Networking (including social media) • HR Benefits (in additional to health care / safety) • Opportunity for Individual Memberships (not just company) • AGC as “Clearinghouse” for workforce development • Opportunity for Younger, experienced people to interact around common problems • Barrier: Companies worry about “poaching” via AGC involvement • How to get company owners to encourage AGC involvement by young staff: • FLF: more Gen X than Gen Y

2) How does membership make a difference in members’ lives? Group 1:

• Networking opportunities & education • Safety/Retro Programs (BIG) • Context for Construction Career • Representation & Awareness of/in legislative/legal happenings • Forum for industry recognition • Positive promo of industry / image • Focus serving our members’ needs / entire spectrum • Elevated status of company/members • Industry engagement at all levels (owners, etc.)

Group 2: • ROI (“I pay $20k, I get $100k” – Retro) • Access to training development (opportunity to employees of employers) • Safety (reduced claims, accidents & claims management) • Government Affairs Representation (more effective as a group) • Networking (connect with consultants, information on new services, industry resources) • Better Industry as a whole (opportunity to give back and improve industry)

Group 3: • Gives credibility in industry • Resources (many that help us) • Legislative (advocacy/voice vs. stopping bad legislators; advocate for me and my company) • Networking (professional collaboration; opportunities for students/young professionals to engage

with industry leaders) • Safety Team (credibility) • Labor Harmony (negotiation support) • Save members $ • Educational Opportunities • AGC of America access/training • FLF (engage)


8

• Mentorship • Knowledge Sharing

Group 4: • Personal Growth • Networking (building relationships) • ROI (saves you $) • Member of AGC • Resources • Extension of “our staff” on LNI issues • Industry Awareness • Smart Briefs • Advocacy and access • FLF positive impact

Action: It was agreed to form a Gen Y Task Force comprised of Board members and FLF members, who would review comments from the day’s retreat and make recommendations at the September 14 Board meeting on updating AGC’s Strategic Plan (BHAG’s) with the idea of engaging and servicing the younger generation. Board members volunteering to serve on the Gen Y Task Force included Mickey Traugutt, Mark Seaman, Annie Lombroia, and Paul Mayo; FLF volunteer included Bryan Kelley. Review AGC BHAG’S – D’Hondt reviewed the following updated BHAG’s with the group:

AGC OF WASHINGTON STRATEGIC PLAN, BHAG 1 BHAG 1: Increase membership of General Contractors to 220 members by 2020; double associate membership. Membership numbers as of July 31st, 2014: GC (181) SUB (177) ASSOC (219) Membership numbers as of December 31

st 2014

GC (188) SUB (176) ASSOC (237) (Champions: David D’Hondt, Dick Bristow, Stacy Mullane) Timeframe

2013 2014 2015 2016 2017 SMART GOAL 1: Increase membership recruitment & retention Objective I: Use McGraw Hill Analytics to establish market share for each district and target new members. Oct April

Timeframe: 3 mos. April 2014 Responsible: Director of Membership, District Managers (Membership Coordinator) Objective II: Adjust District Managers’ boundaries for recruiting. Timeframe: 3 mos. April 2014 Responsible: David D’Hondt, Dick Bristow

Oct

July

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. Timeframe: 10 mos. Update (5/11): Printed marketing materials (bifold and trifold) have been developed. An ad has been placed in the 2011 membership directory informing members of the benefits of Safety Team and resources available. Update (3/12): Action steps developed to meet objective: work with GC’s to use ST as prequalification criteria, create better awareness within membership/staff on the benefits of ST, survey the membership ST contractors and non-ST contractors, create

Dec Dec


9

banners that have space for GC to list all ST certified contractors onsite, publicize our internal statistical graphs and comparison charts to show exemplary results that ST contractors have achieved, approach the following companies: major insurance agencies requesting endorsement for ST contractors, L&I to request premium discount, and large owners (Vulcan, etc.) about using ST criteria in the pre-qualification process. Responsible: David D’Hondt / Mandi Kime / Safety Comm. SMART GOAL 3: Create overarching marketing plan for membership recruitment

Objective I: Hire Marketing Manager

Timeframe: Sept 2013 Sept

Responsible: David D’Hondt Objective II: Create a plan that includes staff incentives for membership growth and member-to-member recruitment. Timeframe: Jan. 2014 Responsible: Sean Lewis, David D’Hondt, Tim Attebery

Jan Aug

Sept

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

Objective I: Hold one or two joint executive meetings per year Timeframe: Oct 2013 Responsible: David D’Hondt Objective II: Create joint budgeting meeting for both organizations. Timeframe: 2014 Budget cycles Responsible: David D’Hondt Objective III: Education Foundation to make presentation to the AGC Board of Trustees on class offerings. Timeframe: Dec 2013 Responsible: David D’Hondt

Oct Dec.

May

June

Gray highlight indicates updated information. Yellow highlight indicates past updated information. Blue highlight indicates objective completed.

D’Hondt questioned if BHAG 1 needs to be restated. He noted that BHAG’s (Big, Hairy, Audacious, Goals) need to be something that could be beyond reach.

Board comments regarding BHAG 1: • The statement is all about membership numbers, not service. • Get rid of Associate goal; they will join when general and

subcontractor memberships increase; “Build it, they will come”

• Get rid of # goals for GC & Subs • Members first; build loyalty; do all our programs drive the

philosophy that “we are a cut above,” “we are


10

the premier construction association?” • Membership is a by-product of a high level of service; make sure

we are doing a GREAT job and providing excellent service.

• Retaining members is important; not just increasing membership; focus on members we have & improve their experience & then new companies will join naturally; focus within.

• Measure member’s engagement • Look at how many companies joined, who joined & why

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 2017

SMART 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 Senator Ann Rivers received at Annual Meeting

Dec

Dec Sept. Jan.

Dec Dec Jan.

Dec

Dec

Gray highlight indicates updated information. Yellow highlight indicates previously updated information. Blue highlight indicates objective completed.

Board comments regarding BHAG 2: • BHAG 2: Continue and institutionalize the LEARN Program; educate legislators and invite to bid

day.


11

AGC OF WASHINGTON STRATEGIC PLAN, BHAG 3

BHAG 3: Create an industry leading IT program for members and staff that utilize leading technologies and eases interface.

Timeframe

Champions: Mark Seaman, Kelly Barber 2013 2014 2015 2016 2017

SMART GOAL 1: Define the options Objective I: Research and recommend state-of-the-art database / website / mobile options. Timeframe: December 2013 Responsible: Kelly Barber / David D’Hondt Objective II: Research and recommend webinar platform for AGC use. Timeframe: June 2014 Responsible: Kelly Barber / David D’Hondt SMART GOAL 2: Purchase and install new database Objective I: RFP for systems Timeframe: March 2014 Responsible: Kelly Barber/ David D’Hondt Objective II: Installation of new database Timeframe: August 2014 Responsible: Kelly Barber/ David D’Hondt

Dec

Oct. Mar Nov.

July July

Gray highlight indicates updated information. Yellow highlight indicates previously updated information. Blue highlight indicates objective completed.

Board comments regarding BHAG 3: • Improve website/database (talk to Gen Y; new in July per D’Hondt) • Big focus on technology (continual improvement) • Involve Gen Y in technology workgroup • Social Media: Facebook / Twitter / LinkedIn – involvement with members • Training for members: YouTube, Webinars, Video Conferencing (per D’Hondt pricing now), Meetings –

partnering with Education Foundation on video conferencing, etc. • Sell our industry • Construction is a great career/workforce development (Ed. Foundation) • Leverage partnerships re. education construction in skill centers • Diversity: How to work with other cultures (Hispanic, Russian); where is next workforce coming from? • With Gen Y don’t need to focus on Diversity as Gen Y doesn’t see it as an issue:

o Demographic of US changing o Going into minority assoc. as Task Force o Program to attract minority or woman-owned business o Look at past efforts on diversity to see why failed

• Mentorship Program for small business (could be partnership with Sound Transit, Corp of Engineers) • AGC Board Make-up (20% of membership are women or Hispanic – aren’t joiners)

D’Hondt advised that Diversity could be added as a subject; all information from the retreat will first be pulled together and organized; later a task force could be assigned to deal with the issue of diversity as deemed appropriate. President Smith noted that as next year’s first female AGCWA president, Nancy Munro will take an active role in furthering an outreach program that changes the look of our association.


12

D’Hondt asked the attendees for recommended suggestions to bring to the AGC Education Foundation, which recently went through its own strategic planning session. First Vice President Nancy Munro stated that it would be good to hear back from the Education Foundation on what they’re doing post strategic planning particularly regarding workforce development.

Comments from the Board included:

• Outreach to individual companies on educational needs, especially smaller firms.

• Emphasis on interpersonal /face-to-face communication.

Education Foundation Opportunities:

• Field workers need technology training to keep up with changing industry.

• Demand for accessible training; online, anytime in conjunction with class.

• Vocational programs in high schools.

• Promote trade school; fight the wrong perception that salary is lower.

• Train employers on how to engage their Gen Y workforce and retain skilled Gen Y.

Review of Education Foundation & Synergy with AGC:

• Training for members on Gen Y vs. education dealing with unknown on Gen Y.

• Upgrading delivery systems.

• Remote training / distance learning.

• Outreach to high school / college re: benefits of trade career vs. loans for college.

• Create “industry fund” for pre-apprenticeship training partner with labor.

• Technology – how to deliver programs / training in new ways.

• Better marketing to new individuals; how to convince member companies that it’s important for their

individuals.

• More of a fundraising push; market to whole company, not just top. Help top people market throughout

the company. United Way type – once a year big push. Execs “in jail” until recruit 12 more, for example.

D’Hondt thanked the Board, FLF attendees (Bryan Kelley, Katie Church, Patrick McQueen, and staff Andrew Ledbetter) and the staff for today’s input. He advised that at the September 14 Board meeting, the Board will continue its strategic planning. There being no further business to come before the Board, President Gary Smith adjourned the meeting.

______________________________________________________________________ Mark Seaman, Secretary/Treasurer Date

TAB 2

TAB 3

TAB 4

TAB 5

NEXT GENERATION TASK FORCE MEETING SUMMARIES

JULY 22 & AUGUST 4, 2015

Task Force Members:

Paul Mayo, Chair Flatiron Constructors, Inc.

Dave D’Hondt, Staff Rep AGC of Washington

Sarah Cox Ashbaugh Beal

Kelsie Farnam Flatiron Constructors, Inc.

Jake Jacobson, Portfolio Officer Osborne Construction Co.

Bryan Kelley Oles Morrison Rinker & Baker

Mattson Larson Kiewit Infrastructure West Co.

Patrick McQueen Lease Crutcher Lewis WA

Nick Santini Lease Crutcher Lewis WA

Anthony Scarsella CWU Constr. Mgmt, Guest

Jessica Scarsella Scarsella Bros., Inc.

Mark Seaman Abbott Construction

Jaci Hayden PCL Civil Constructors

Andrew Ledbetter AGC of Washington

Annie Lombroia Ashbaugh Beal

Ian McFarland University Mechanical Contrs.

Tim Nierman Parker, Smith & Feek

Mickey Traugutt WA Patriot Construction

Sean Woerman Lydig Construction

Adrienne Woods AGC Education Foundation

Executive Vice President Dave D’Hondt called the meeting of the Gen Y Task Force to order. He reminded the group that at the 6/5/15 Board

Retreat it was agreed to form this task force to be comprised of Board and FLF members, whose goal would be to review comments from the

retreat and make recommendations to the Board at the 9/14 meeting regarding updating AGC’s Strategic Plan (BHAG’s) with the idea of

engaging and servicing the younger generation. On 8/4/15, the group agreed to rename the task force the Next Generation Task Force.

The group brainstormed AGC of Washington’s SWOT (Strengths, Weaknesses, Opportunities, and Threats):

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

• Marketing strategy (video, build brand, Annual Mtg., testimonials

• Social media strategy

• Combined meetings

• Educate members on Gen Y

• FLF governance on AGC Board

• UW, AGC Student Chapter

• Define “IT”

TAB 6

Page 1 of 2

For Internal Use Only

AGC 2015 July Financial Notes Net Operating Income – see Consolidated Statement of Operations (Page 9) As of July 31, 2015 the Net Operating Income (NOI) equals $1.437 million 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 produces the total favorable year-to-date budget variance of $576K. Income Variance The year-to-date positive revenue variance of $454K (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 $122K 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

June 15,479 27,900 31,402 15,478 179,222 269,481

July 37,022 44,988 39,774 8,833 84,287 214,903 Note: AR Building primarily represents past billings from building tenants. AR Marina primarily represents past billings from moorage tenants. AR Parking primarily represents receivables for parking. AR AGCEF represents billings to AGC Education Foundation

AR Other represents billings outstanding for purchases and events (i.e. annual meeting, sponsorships, membership dues, Retro, etc.).

1

AGC Financial Notes - Continued

Page 2 of 2

For Internal Use Only

AGC Actual / Forecast --- see 12 Month Actual / Forecast to Budget As of July 31, 2015, AGC’s 2015 annual forecast net operating income equals $598K versus an annual budget net operating income of $78K. 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. AGC Building: Occupancy rate is 94% as of July 31, 2015.

2

For Internal Use Only July-15

2015 2015Total Total

Actual / Forecast Budget VarianceRetro Plan Income 2,051,343 1,742,760 308,583Retro Exp Gross (1,599,997) (1,517,760) (82,237)

Net Retro Income 451,346 225,000 226,346

REVENUESMembership Dues 1,794,241 1,725,000 69,241Program Revenue / Grant Revenue 200,390 173,022 27,368Event Revenue 255,343 253,850 1,493Building / Retail Rent (Seattle, Marina, Fife) 2,829,747 2,797,726 32,021Other Rent Revenue (Parking, Moorage) 987,352 922,040 65,312Other Revenue / CAM 72,726 62,100 10,626Misc Income 17,273 16,195 1,078Gain/Loss on Disposal of Asset 0 0 0

Operating Revenue 6,157,072 5,949,933 207,139

TOTAL REVENUE 6,608,418 6,174,933 433,485

EXPENSESSalaries 2,189,628 2,217,394 27,766Payroll Burden Taxes & Benefits 628,727 638,293 9,566Auto Expense / Corporate Travel 33,027 37,755 4,728Miscellaneous Meetings 108,644 121,350 12,706Consultant Fees 73,077 54,833 (18,244)Office Expense 65,848 77,923 12,075Membership Dues/Donations 182,063 168,612 (13,451)Rent 64,289 65,666 1,377Technology Expense 69,109 75,415 6,306Phone Exp. 32,397 34,542 2,145Program / Grant Expense 75,785 93,102 17,317Membership Promotion 163,909 179,100 15,191Event Exp 276,414 268,683 (7,731)Insurance / Tax / Training 64,127 65,050 923Building / Marina Expense 1,242,306 1,247,004 4,698Leasing Comm. Amortization 66,099 66,092 (7)Depreciation 674,721 686,382 11,661

TOTAL EXPENSES 6,010,170 6,097,196 87,026

OPERATING INCOME (LOSS) 598,248 77,737 520,511

NET OPERATING INCOME (LOSS) - FORECAST VS. BUDGET 598,248 77,737 520,511

Non-Operating Investment Income (Loss) 87,611 12,000 75,611

NET INCOME (LOSS) 685,859 89,737 596,122

Gain/Loss on Disposal of Asset 0 0 0

TOTAL INCOME 685,859 89,737 596,122

Working CapitalNet Operating Income 598,248 77,737 520,511Amortization 66,099 66,092 7Depreciation 674,721 686,382 (11,661)

Available Cash (Working Capital) 1,339,068 830,211 508,857

Less:

Debt Service - Principle 450,140 78,000 (372,140)Capital Expenditures - Association 104,307 104,500 193Capital Expenditures - Seattle Building 144,115 198,930 54,815Capital Expenditures - Fife Building 43,329 55,000 11,671Capital Expenditures - Marina 0 0 0Tenant Improvements - Building 152,608 125,000 (27,608)Lease Commissions 80,254 80,000 (254)

Total Deductions 974,752 641,430 (333,322)

Cash (Working Capital) Variance Favorable (Unfavorable) 364,316 188,781 175,535

AGC of Washington2015 Cash Activity Forecast

3

Associated General Contractors of Washington

Statement of Financial PositionFor the Period Ending 07/31/2015

Jul Dec

Unaudited Audited

ASSETS

Current Assets

Cash 2,100,818 2,553,041

Building Savings 400,713 200,369

Short-Term Investments 112,696 70,319

Accounts Receivable 214,854 145,406

Prepaid Expenses 131,318 203,978

Total Current Assets 2,960,398 3,173,113

Group Retrospective Rating Plan Assets 18,751,506 18,246,707

Prepaid Lease Commissions 101,996 82,109

Long Term Investments 2,277,305 2,236,072

Property and Equipment

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

Buildings 13,198,366 13,135,913

Leasehold Improvements 1,351,941 1,290,404

Furniture and Equipment 970,784 961,734

Automobiles 43,643 43,774

Marina 1,542,325 1,536,739

Total Property Plant and Equipment 19,483,197 19,344,701

Less: Accumulated Depreciation (10,900,730) (10,511,651)

Net Property Plant and Equipment 8,582,467 8,833,050

TOTAL ASSETS 32,673,672 32,571,051

LIABILITIES & NET ASSETS

Current Liabilities

Accounts Payable 176,269 470,185

Accrued Expenses 74,901 87,426

Deferred Income - 1,177,939

Current Portion - LT Debt 5,798 84,576

256,969 1,820,126

Group Retrospective Rating Plan Liability 18,751,506 18,246,707

Long Term Debt, Less Current Portion 658 375,466

Tenant Deposits 205,410 190,763

Total Liabilities 19,214,542 20,633,061

Net Assets

Unrestricted 10,459,130 9,437,989

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

TOTAL UNRESTRICTED NET ASSETS 13,459,130 11,937,989

TOTAL LIABILITIES AND NET ASSETS 32,673,672 32,571,051

- -

[INTERNAL REPORT]

4

Unaudited

Changes in Net Assets 1,521,140

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

Depreciation 389,079

(Gain) Loss on Disposal of Property -

(Gain) Loss on Sales of Investments (48,069)

(Gain) Loss on Investments @ Market (44,356)

(Increase) / Decrease in accounts:

Accounts Receivable (69,448)

Prepaid Expenses and Other Assets 52,774

Increase / (Decrease) in accounts:

Accounts Payable (293,915)

Accrued Expenses (12,524)

Tenant Deposits 14,647

Deferred Income (1,177,939)

Net Cash Provided / Used) by Operating Activities 331,389

Cash Flow From Investing Activities:

Purchase of Long Term Investment 51,190

Leasehold Improvements - Seattle Bldg (61,538)

Capital Improvements on Seattle Bldg (19,124)

Capital Improvements on Marina (48,915)

Purchase of property, equipment and automobile (8,919)

Net Cash Provided / (Used) by Investing Activities (87,306)

Cash Flow from Financing Activities:

Current Long Term Debt (78,778)

Long Term Debt / Loan Payments (374,808)

Net Cash Provided / (Used) by Financing Activities (453,586)

Net Increase (Decrease) in Cash (209,502)

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 2,501,531

Cash Equivalents, End of Period 112,696

Total Cash and Cash Equivalents, End of Period 2,614,226

-


Cash Flow Statement

For the 07 Month(s) ending 07/31/2015

5

Associated General Contractors of Washington (INTERNAL REPORT)

7/31/2015

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) 7/31/2015 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 9,050 104,500 95,450

SEA Bldg - Tenant Improvements 1550-50-000 61,538 125,000 63,462

SEA Bldg - Capital Improvements 1551-50-000 19,124 198,930 179,806

SEA Bldg - Lease Commissions 1402-50-050 22,274 80,000 57,726

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

160,770 563,430 402,660

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 6950-12-000 154 - (154)

Southern District Office 6950-14-000 802 802 0

Technology 6950-17-000 10,214 10,500 286

Administration 6950-18-000 5,352 6,273 921

Accounting 6950-19-000 917 917 0

State Government 6950-30-000 9,115 9,136 21

Labor Relations 6950-34-000 225 224 (1)

Membership 6950-36-000 14,633 17,714 3,081

Safety 6950-42-000 5,301 5,740 439

Central District 6950-48-000 239 238 (1)

Seattle Building 6950-50-000 290,141 292,417 2,276

Seattle Marina 6950-75-000 29,982 29,901 (81)

Fife Building 6950-85-000 22,004 26,880 4,876

389,079 400,742 11,663

YTD 2015 Balance

Board Contingency Expenses: 5120-13-054 7/31/2015 Approved Remaining

Board Board

Budget Contingency Contingency

Try-A-Trade Career Fair 1,000

20,000 1,000 19,000

7/31/2015

6

YTD

ACTUAL BUDGET VAR ACTUAL BUDGET VAR ACTUAL BUDGET VAR

I. Building & Properties:

a) Seattle Building 1,835,193 1,756,814 78,379 1,029,369 1,048,495 (19,127) 805,825 708,319 97,506

b) Seattle Marina 429,229 406,212 23,017 282,156 291,027 (8,871) 147,073 115,185 31,888

c) Fife Building 28,887 22,274 6,613 71,160 76,960 (5,800) (42,273) (54,686) 12,413

Total Building & Properties 2,293,309 2,185,300 108,009 1,382,685 1,416,483 (33,798) 910,624 768,817 141,807

II. Association:

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

2. Admin. & Management

a) Board of Trustees 0 0 0 27,480 48,053 (20,573) (27,480) (48,053) 20,573

b) Technology 0 0 0 69,756 75,217 (5,461) (69,756) (75,217) 5,461

c) Administration 28,268 23,500 4,768 196,153 199,747 (3,595) (167,885) (176,247) 8,362

d) Accounting 9,720 9,195 525 126,499 125,465 1,034 (116,779) (116,270) (509)

37,988 32,695 5,293 419,887 448,481 (28,594) (381,899) (415,786) 33,887

3. Member Services

a) Communications 0 5,500 (5,500) 124,631 137,212 (12,582) (124,631) (131,712) 7,082

b) Meetings & Events 0 0 0 44,542 53,850 (9,308) (44,542) (53,850) 9,308

c) Special Events 138,730 123,000 15,730 177,255 156,499 20,756 (38,525) (33,499) (5,026)

d) Member Service 1,800,104 1,731,000 69,104 114,719 122,693 (7,974) 1,685,385 1,608,307 77,077

e) Future Leadership Forum 9,260 6,000 3,260 20,969 25,335 (4,366) (11,709) (19,335) 7,626

1,948,094 1,865,500 82,594 482,115 495,588 (13,473) 1,465,979 1,369,912 96,067

4. Education & Training Service

a) Workforce Development 0 0 0 129,469 113,828 15,642 (129,469) (113,828) (15,642)

b) Safety 84,953 74,372 10,581 253,287 255,298 (2,011) (168,334) (180,926) 12,592

c) Group Retro 1,402,463 1,110,360 292,103 951,114 885,360 65,754 451,348 225,000 226,348

1,487,416 1,184,732 302,684 1,333,871 1,254,485 79,385 153,545 (69,753) 223,298

5. Government Relations

a) Government Affairs Council 26,210 7,000 19,210 244,532 282,810 (38,277) (218,322) (275,810) 57,487

b) Build-Pac 0 0 0 28,665 28,931 (267) (28,665) (28,931) 267

c) AGC - Federal Facilities 0 0 0 2,203 2,629 (426) (2,203) (2,629) 426

26,210 7,000 19,210 275,400 314,370 (38,970) (249,190) (307,370) 58,180

6. Industry Relations

a) Labor 672 0 672 143,270 143,453 (183) (142,598) (143,453) 855

b) Open Shop 0 0 0 10,748 10,956 (208) (10,748) (10,956) 208

672 0 672 154,021 154,408 (388) (153,349) (154,408) 1,060

7. Districts

a) Seattle District 52,526 61,300 (8,774) 140,268 135,638 4,630 (87,742) (74,338) (13,404)

b) Southern District 56,420 51,100 5,320 151,339 166,963 (15,624) (94,919) (115,863) 20,944

c) Northern District 880 0 880 67,416 65,289 2,127 (66,536) (65,289) (1,247)

d) Central WA District 21,455 16,800 4,655 80,438 91,755 (11,317) (58,983) (74,955) 15,972

131,281 129,200 2,081 439,462 459,645 (20,183) (308,181) (330,445) 22,264

Total Association 3,631,660 3,219,127 412,533 3,104,755 3,126,977 (22,223) 526,905 92,150 434,756

Total of Assoc. & Prop 5,924,969 5,404,427 520,542 4,487,439 4,543,460 (56,021) 1,437,529 860,967 576,562

Non-Operating Income (Loss) 89,458 14,000 75,458 5,847 6,000 (153) 83,611 8,000 75,611

Grand Total 6,014,427 5,418,427 596,000 4,493,286 4,549,460 (56,174) 1,521,140 868,967 652,174


Unaudited Statement of Activities by Cost Center


REVENUE EXPENSES REVENUE OVER EXPENSES

7

MTD

ACTUAL BUDGET VAR ACTUAL BUDGET VAR ACTUAL BUDGET VAR

I. Building & Properties:

a) Seattle Building 280,528 263,695 16,833 108,096 123,926 (15,830) 172,432 139,769 32,663

b) Seattle Marina 62,138 58,043 4,095 51,571 53,825 (2,254) 10,567 4,218 6,349

c) Fife Building 2,970 3,182 (213) 6,584 7,444 (860) (3,614) (4,262) 648

Total Building & Properties 345,635 324,920 20,715 166,251 185,196 (18,945) 179,384 139,724 39,660

II. Association:

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

2. Admin. & Management

a) Board of Trustees 0 0 0 3,069 13,522 (10,452) (3,069) (13,522) 10,452

b) Technology 0 0 0 7,571 9,581 (2,010) (7,571) (9,581) 2,010

c) Administration 3,690 7,600 (3,910) 25,809 26,942 (1,134) (22,119) (19,342) (2,776)

d) Accounting 20 0 20 13,172 13,589 (417) (13,152) (13,589) 437

3,710 7,600 (3,890) 49,621 63,635 (14,013) (45,912) (56,035) 10,123

3. Member Services

a) Communications 0 0 0 16,031 17,159 (1,128) (16,031) (17,159) 1,128

b) Meetings & Events 0 0 0 3,580 1,650 1,930 (3,580) (1,650) (1,930)

c) Special Events 0 0 0 2,731 2,925 (194) (2,731) (2,925) 194

d) Member Service 8,850 7,500 1,350 15,634 16,656 (1,022) (6,784) (9,156) 2,372

e) Future Leadership Forum 240 0 240 3,786 2,219 1,568 (3,546) (2,219) (1,328)

9,090 7,500 1,590 41,763 40,609 1,154 (32,673) (33,109) 436

4. Education & Training Service

a) Workforce Development 0 0 0 19,516 24,784 (5,269) (19,516) (24,784) 5,269

b) Safety 16,827 2,855 13,972 32,913 33,048 (136) (16,085) (30,193) 14,108

c) Group Retro 217,109 126,480 90,629 217,107 126,480 90,627 2 0 2

233,936 129,335 104,601 269,535 184,313 85,222 (35,599) (54,978) 19,379

5. Government Relations

a) Government Affairs Council 17,500 0 17,500 27,804 31,946 (4,141) (10,304) (31,946) 21,641

b) Build-Pac 0 0 0 3,182 3,437 (255) (3,182) (3,437) 255

c) AGC - Federal Facilities 0 0 0 307 580 (273) (307) (580) 273

17,500 0 17,500 31,294 35,963 (4,669) (13,794) (35,963) 22,169

6. Industry Relations

a) Labor 0 0 0 18,276 19,881 (1,606) (18,276) (19,881) 1,606

b) Open Shop 0 0 0 1,120 1,466 (346) (1,120) (1,466) 346

0 0 0 19,396 21,347 (1,951) (19,396) (21,347) 1,951

7. Districts

a) Seattle District (12,082) 0 (12,082) 12,222 12,499 (277) (24,304) (12,499) (11,805)

b) Southern District 26,650 24,000 2,650 18,614 43,355 (24,741) 8,036 (19,355) 27,391

c) Northern District 0 0 0 8,806 9,846 (1,040) (8,806) (9,846) 1,040

d) Central WA District 0 2,000 (2,000) 13,776 20,426 (6,650) (13,776) (18,426) 4,650

14,568 26,000 (11,432) 53,418 86,126 (32,708) (38,850) (60,126) 21,276

Total Association 278,804 170,435 108,369 465,027 431,992 33,035 (186,223) (261,557) 75,333

Total of Assoc. & Prop 624,439 495,355 129,084 631,278 617,187 14,090 (6,839) (121,832) 114,994

Non-Operating Income (Loss) 20,816 2,000 18,816 0 0 0 20,816 2,000 18,816

Grand Total 645,255 497,355 147,900 631,278 617,187 14,090 13,977 (119,832) 133,809


Unaudited Statement of Activities by Cost Center

For the Month ending 07/31/2015

REVENUE EXPENSES REVENUE OVER EXPENSE

8

JUL JUL YTD YTD YTD Annual Budget

ACTUAL BUDGET ACTUAL BUDGET Variance BUDGET Remaining

Retro Plan Income 217,109 126,480 1,402,463 1,110,360 292,103 1,742,760 340,297

Retro Exp Gross (217,107) (126,480) (951,114) (885,360) (65,754) (1,517,760) (566,646)

Net Retro Income 2 0 451,348 225,000 226,348 225,000 (226,348)

Membership Dues 8,850 1,500 1,794,241 1,725,000 69,241 1,725,000 (69,241)

Program / Grant Revenue 34,925 10,300 129,815 102,447 27,368 173,022 43,207

Event Revenue 17,813 26,050 288,342 265,550 22,792 253,850 (34,492)

Building / Retail Rent 242,436 236,925 1,642,055 1,610,035 32,020 2,797,726 1,155,671

Other Rent Revenue 95,646 82,820 604,352 539,040 65,312 922,040 317,688

Other Revenue / CAM 7,528 5,175 46,852 36,225 10,627 62,100 15,248

Misc Income 132 6,105 16,849 15,770 1,079 16,195 (654)

Total Revenue 407,332 368,875 4,973,854 4,519,067 454,787 6,174,933 1,201,079

Salaries 167,521 168,773 1,239,619 1,267,386 (27,767) 2,217,394 977,775

Payroll Burden Taxes and Benefits 49,678 53,191 362,772 372,337 (9,566) 638,293 275,521

Auto Expense / Corporate Travel 2,191 3,032 16,394 21,124 (4,730) 37,755 21,361

Miscellaneous Meetings 4,989 4,146 62,100 74,806 (12,706) 121,350 59,250

Consultant Fees 3,196 1,673 60,696 42,451 18,245 54,833 (5,863)

Office Expense 5,664 6,411 33,959 46,034 (12,075) 77,923 43,964

Membership Dues/Donations 11,319 22,727 118,579 105,127 13,452 168,612 50,033

Rent 5,297 5,472 36,929 38,306 (1,377) 65,666 28,737

Technology Expense 4,099 5,895 43,657 49,965 (6,307) 75,415 31,757

Phone Expense 2,269 2,841 18,122 20,267 (2,145) 34,542 16,420

Program/Grant Expense 1,576 16,131 53,525 70,841 (17,316) 93,102 39,577

Membership Promotion 9,003 5,075 61,739 76,930 (15,191) 179,100 117,361

Event Expense 6,881 35,800 243,032 235,300 7,732 268,683 25,651

Insurance/Tax/Training 3,007 3,017 46,347 47,269 (922) 65,050 18,703

Building / Marina Expense 76,390 93,768 711,222 750,666 (39,444) 1,247,004 535,782

Leasing Comm. Amort. 5,508 5,507 38,554 38,549 5 66,092 27,538

Depreciation 55,583 57,249 389,079 400,742 (11,663) 686,382 297,303

Total Expenses 414,171 490,707 3,536,325 3,658,100 (121,775) 6,097,196 2,560,871

Net Operating Income (Loss) (6,839) (121,832) 1,437,529 860,967 576,562 77,737 (1,359,792)

LT Inv - Dividends/Interest (1,786) 2,000 13,179 14,000 (821) 24,000 10,821

LT Inv - Net Gain (Loss) 22,602 0 76,279 0 76,279 0 (76,279)

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

Non-Operating Income (Loss) 20,816 2,000 83,611 8,000 75,611 12,000 (71,611)

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

Grand Total 13,977 (119,832) 1,521,140 868,967 652,174 89,737 (1,431,404)


Statement of Operations

CONSOLIDATED


9



Retro Plan Income 217,109 126,480 1,402,463 1,110,360 292,103 1,742,760 340,297

Retro Exp Gross (217,107) (126,480) (951,114) (885,360) (65,754) (1,517,760) (566,646)

Net Retro Income 2 0 451,348 225,000 226,348 225,000 (226,348)

Membership Due 8,850 1,500 1,794,241 1,725,000 69,241 1,725,000 (69,241)

Program / Grant Revenue 34,925 10,300 129,815 102,447 27,368 173,022 43,207

Event Revenue 17,813 26,050 288,342 265,550 22,792 253,850 (34,492)

Misc Income 107 6,105 16,799 15,770 1,029 16,195 (604)

Total Revenue 61,697 43,955 2,680,545 2,333,767 346,778 2,393,067 (287,478)

Salaries 140,147 141,400 1,038,161 1,067,966 (29,804) 1,865,256 827,094

Payroll Burden Taxes and Benefits 41,574 44,529 303,589 311,704 (8,114) 534,349 230,760

Auto Expense / Corporate Travel 2,191 3,032 16,394 21,124 (4,730) 37,755 21,361

Miscellaneous Meetings 4,989 4,146 62,100 74,806 (12,706) 121,350 59,250

Consultant Fees 3,196 1,673 30,554 24,436 6,118 36,818 6,263

Office Expense 5,664 6,411 33,959 46,034 (12,075) 77,923 43,964

Membership Dues/Donations 11,319 22,727 118,579 105,127 13,452 168,612 50,033

Rent 5,297 5,472 36,929 38,306 (1,377) 65,666 28,737

Technology Expense 4,099 5,895 43,657 49,965 (6,307) 75,415 31,757

Phone Expense 2,269 2,841 18,122 20,267 (2,145) 34,542 16,420

Program/Grant Expense 1,576 16,131 53,525 70,841 (17,316) 93,102 39,577

Membership Promotion 9,003 5,075 61,739 76,930 (15,191) 179,100 117,361

Event Expense 6,881 35,800 243,032 235,300 7,732 268,683 25,651

Insurance/Tax/Training 3,007 3,017 46,347 47,269 (922) 65,050 18,703

Depreciation 6,707 7,363 46,952 51,544 (4,592) 87,757 40,805

Total Expenses 247,920 305,512 2,153,640 2,241,617 (87,977) 3,711,377 1,557,737

Net Operating Income (Loss) (186,223) (261,557) 526,905 92,150 434,756 (1,318,310) (1,845,215)

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

Grand Total (186,223) (261,557) 526,905 92,150 434,756 (1,318,310) (1,845,215)



ASSOCIATION


10



Building / Retail Rent 242,436 236,925 1,642,055 1,610,035 32,020 2,797,726 1,155,671

Other Rent Revenue 95,646 82,820 604,352 539,040 65,312 922,040 317,688

Other Revenue / CAM 7,553 5,175 46,902 36,225 10,677 62,100 15,198

Total Revenue 345,635 324,920 2,293,309 2,185,300 108,009 3,781,866 1,488,557

Salaries 27,374 27,373 201,458 199,421 2,037 352,139 150,681

Payroll Burden Taxes & Benefits 8,104 8,662 59,182 60,634 (1,452) 103,944 44,762

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

Building / Marina Expense 76,390 93,768 711,222 750,666 (39,444) 1,247,004 535,782

Leasing Comm. Amort. 5,508 5,507 38,554 38,549 5 66,092 27,538

Depreciation 48,875 49,885 342,127 349,198 (7,071) 598,625 256,498

Total Expenses 166,251 185,196 1,382,685 1,416,483 (33,798) 2,385,819 1,003,134

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

Net Operating Income (Loss) 179,384 139,724 910,624 768,817 141,807 1,396,047 485,423



BUILDING & MARINA


11



Building Rent - Seattle 4700-50-000 193,254 191,025 1,306,832 1,288,824 18,008 2,247,015 940,183

Parking Lot Income 4701-50-000 39,924 28,900 207,677 161,600 46,077 275,000 67,323

Operating Expense Reimb - Seattle Building 4702-50-000 5,549 5,000 42,438 35,000 7,438 60,000 17,562

Retail Rents 4703-50-000 41,683 38,350 275,118 268,450 6,668 460,200 185,082

Other Rental Income 4704-50-000 51 370 2,613 2,590 23 4,440 1,827

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

ATM Rental Income 4706-50-000 42 50 300 350 (50) 600 300

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

Total Revenue 280,528 263,695 1,835,193 1,756,814 78,379 3,047,255 1,212,062

Salaries 5010-50-000 17,984 17,984 132,193 125,886 6,307 215,805 83,611

Payroll Taxes 5020-50-052 1,583 1,612 11,957 11,286 671 19,347 7,390

Health/Security/LTD 5020-50-070 2,038 2,242 14,510 15,697 (1,187) 26,909 12,399

Pension 5020-50-139 1,606 1,745 11,671 12,212 (541) 20,935 9,263

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 5,005 10,017 15,015 (4,998) 20,020 10,003

HVAC Contr Serv & Per-Gen 6040-50-300 1,641 1,505 5,430 4,515 915 6,020 590

HVAC Repairs & Maint-Off 6045-50-100 1,814 1,410 26,448 17,325 9,123 23,900 (2,548)

HVAC R & M- Conference Room 6045-50-300 1,086 0 1,086 1,000 86 2,000 914

Elev Contr Serv & Per-Off 6050-50-100 0 1,130 5,832 7,910 (2,078) 13,560 7,728

Elevator Rep & Maint-Off 6055-50-100 1,746 1,870 5,127 3,570 1,557 3,770 (1,357)

Electrical Rep & Supp-Off 6060-50-100 178 980 6,753 6,015 738 9,910 3,157

Plumbing Rep & Supp-Off 6070-50-100 35 500 3,333 4,400 (1,067) 6,900 3,567

Fire / Life / Safety-Gen 6080-50-300 333 0 9,936 10,900 (964) 16,145 6,209

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 6100-50-100 863 835 9,737 6,945 2,792 11,120 1,383

Painting & Decorating-Off 6110-50-100 0 0 379 2,550 (2,171) 2,725 2,346

Locks, Keys & Signage-Off 6120-50-100 97 300 2,469 3,800 (1,331) 5,150 2,681

Pest Control-Off 6130-50-100 0 57 357 399 (42) 684 327

Ext Landscaping Serv-Gen 6210-50-300 0 880 6,800 6,710 90 11,110 4,310

Ext Landscaping Rep-Gen 6220-50-300 0 0 0 150 (150) 300 300

Int Landscaping Serv-Off 6230-50-100 0 525 3,688 3,675 13 6,300 2,612

Base Janitorial Contr-Off 6310-50-100 7,597 7,200 51,943 50,400 1,543 86,400 34,457



SEATTLE BUILDING


12





SEATTLE BUILDING


Janitorial-Tenant Share 6310-50-900 178 177 1,244 1,239 5 2,124 880

Janitorial-Tenant Offset 6310-50-910 (178) (177) (1,244) (1,239) (5) (2,124) (880)

Janitorial Supplies-Gen 6320-50-300 2,666 1,665 15,346 11,655 3,691 19,980 4,634

Window Cleaning-Off 6330-50-100 150 0 4,266 1,750 2,516 5,195 929

Other Janitorial Serv-Off 6380-50-100 450 200 2,728 800 1,928 1,200 (1,528)

Other Janitorial Serv-Gen 6380-50-300 0 425 1,700 2,975 (1,275) 5,100 3,400

Other Security Serv-Gen 6450-50-300 320 520 3,195 3,510 (315) 3,510 315

Electricity-Off 6510-50-100 0 8,420 53,665 58,940 (5,275) 101,040 47,375

Water/Sewer-Off 6520-50-100 3,859 2,600 18,639 18,200 439 31,200 12,561

Water/Sewer-Tenant Share 6520-50-900 1,315 1,225 8,319 8,575 (256) 14,700 6,381

Water/Sewer-Tenant Offset 6520-50-910 (1,315) (1,225) (8,319) (8,575) 256 (14,700) (6,381)

Gas-Off 6530-50-100 2,752 4,585 21,345 32,095 (10,750) 55,020 33,675

Trash Removal & Recyc-Off 6550-50-100 2,081 1,600 17,449 11,200 6,249 19,200 1,751

Marketing & Leasing-NR 6710-50-000 0 100 0 700 (700) 1,200 1,200

Tenant Relations-NR 6720-50-000 123 50 667 200 467 4,900 4,233

On-Site Costs-Gen 6740-50-300 467 417 5,426 2,917 2,510 5,000 (426)

Administrative / Office Exp 6780-50-000 35 583 2,573 4,083 (1,510) 7,000 4,427

Other Administrative-Gen 6780-50-300 386 667 2,994 4,667 (1,673) 8,000 5,007

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 67,487 65,625 1,862 112,500 45,013

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 36,167 36,162 5 62,000 25,833

Depreciation 6950-50-000 41,449 41,774 290,141 292,417 (2,276) 501,286 211,145

Total Expenses 108,096 123,926 1,029,369 1,048,495 (19,127) 1,799,172 769,803

Net Income 172,432 139,769 805,825 708,319 97,506 1,248,083 442,258

13



Building Rent - Marina Bldg 4700-75-000 4,529 4,368 31,220 30,487 733 52,327 21,107

Moorage Rent/A-E Docks 4701-75-000 55,671 53,550 394,062 374,850 19,212 642,600 248,538

Other Income / Service Fee 4702-75-000 738 125 1,847 875 972 1,500 (347)

Late Fee Income 4705-75-000 (250) 0 650 0 650 0 (650)

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

Total Revenue 62,138 58,043 429,229 406,212 23,017 696,427 267,198

Salaries 5010-75-000 8,761 8,760 64,448 61,323 3,125 105,125 40,677

Payroll Taxes 5020-75-052 770 806 5,830 5,642 188 9,671 3,842

Health/Security/LTD 5020-75-070 1,074 1,162 7,670 8,134 (464) 13,944 6,274

Pension 5020-75-139 830 874 6,029 6,118 (89) 10,488 4,459


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 0 250 2,359 1,150 1,209 1,150 (1,209)

Plumbing Rep & Supp-NR 6070-75-000 135 370 6,331 1,595 4,736 2,335 (3,996)

Fire / Life / Safety-NR 6080-75-000 0 45 374 1,625 (1,251) 2,610 2,236

General Reprs & Maint-NR 6100-75-000 2,417 340 7,644 2,380 5,264 4,080 (3,564)

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

Locks, Keys & Signage-NR 6120-75-000 0 210 22 1,470 (1,448) 2,520 2,498

Base Janitorial Contr-NR 6310-75-000 0 235 0 1,645 (1,645) 2,820 2,820

Janitorial Supplies-NR 6320-75-000 75 75 450 525 (75) 900 450

Other Janitorial Serv-NR 6380-75-000 0 25 0 175 (175) 300 300

Land Lease Payments-NR 6460-75-000 24,992 28,500 74,977 82,900 (7,923) 111,400 36,423

Electricity-NR 6510-75-000 3,557 4,250 17,193 29,750 (12,557) 51,000 33,807

Electricity-Tenant Offset 6510-75-910 (1,619) (3,450) (20,711) (24,150) 3,439 (41,400) (20,689)

Water & Sewer-NR 6520-75-000 573 410 2,388 2,870 (482) 4,920 2,532

Water/Sewer-Tenant Offset 6520-75-910 (450) (205) (1,654) (1,435) (219) (2,460) (806)

Trash Removal & Recyc-NR 6550-75-000 1,105 1,665 9,211 11,655 (2,444) 19,980 10,769

Other Administration-NR 6780-75-000 678 550 2,470 3,850 (1,380) 6,600 4,130

Real Estate Taxes-NR 6810-75-000 0 0 17,435 22,000 (4,565) 44,000 26,565

Special Assessments-NR 6830-75-000 0 0 0 0 0 0 0

Insurance-NR 6900-75-000 4,388 4,681 31,407 32,767 (1,360) 56,175 24,768

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

Depreciation 6950-75-000 4,283 4,272 29,982 29,901 81 51,259 21,277

Total Expenses 51,571 53,825 282,156 291,027 (8,871) 471,809 189,652

Net Income 10,567 4,218 147,073 115,185 31,888 224,618 77,546



SEATTLE MARINA


14



Office Rent - Fife Building 4700-85-000 2,970 3,182 28,887 22,274 6,613 38,184 9,298

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

Total Revenue 2,970 3,182 28,887 22,274 6,613 38,184 9,298

Salaries 5010-85-000 629 629 4,817 4,404 413 7,550 2,733

Payroll Taxes 5020-85-052 52 60 411 420 (10) 720 310

Health/Security/LTD 5020-85-070 94 101 667 704 (37) 1,207 540

Pension 5020-85-139 57 60 437 421 17 722 284

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 5,010 5,250 (240) 9,000 3,990

Supplies & Materials 6270-85-000 0 40 0 280 (280) 480 480

Misc. Building Maintenance 6290-85-000 1,046 475 4,875 3,325 1,550 5,700 825

Fire Alarm System Monitoring 6292-85-000 0 150 0 510 (510) 1,460 1,460

HVAC Maintenance & Repairs 6400-85-000 0 200 1,244 1,400 (156) 2,400 1,156

Electricity 6510-85-000 494 333 2,530 2,333 197 4,000 1,470

Water & Sewer 6520-85-000 0 165 1,356 1,155 201 1,980 624

Gas 6530-85-000 37 160 745 1,120 (375) 1,920 1,175

Trash Removal & Recyc 6550-85-000 0 140 986 980 6 1,680 694

Brokers' Commission - Amort - Fife 6600-85-000 341 341 2,387 2,387 0 4,092 1,705

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 22,004 26,880 (4,876) 46,080 24,076

Total Expenses 6,584 7,444 71,160 76,960 (5,800) 114,838 43,679

Net Income (3,614) (4,262) (42,273) (54,686) 12,413 (76,654) (34,381)



FIFE BUILDING


15



Salaries 5010-13-000 2,184 2,184 15,756 15,289 468 26,209 10,453

Payroll Taxes 5020-13-052 176 159 1,305 1,114 190 1,910 605

Health/Security/LTD 5020-13-070 192 206 1,365 1,442 (77) 2,472 1,107

Pension 5020-13-139 216 223 1,564 1,558 6 2,670 1,107

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

Officers / Board Meetings 5035-13-056 300 750 2,129 2,800 (671) 7,600 5,471

Miscellaneous Expense 5035-13-072 0 0 3,695 4,050 (355) 5,850 2,155

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

Board Contingency 5120-13-054 0 10,000 1,000 20,000 (19,000) 20,000 19,000

Total Expenses 3,069 13,522 27,480 48,053 (20,573) 69,425 41,946

Net Income (3,069) (13,522) (27,480) (48,053) 20,573 (69,425) (41,946)



BOARD OF TRUSTEES


16



Salaries 5010-17-000 1,870 1,870 13,948 13,090 858 22,440 8,492

Payroll Taxes 5020-17-052 148 161 1,148 1,126 23 1,930 782


Pension 5020-17-139 139 180 982 1,257 (275) 2,154 1,172


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

Miscellaneous Meetings 5035-17-072 0 30 158 210 (52) 360 202

Office Exp 5050-17-000 75 20 245 140 105 240 (5)

New Application 5081-17-017 0 0 0 500 (500) 1,000 1,000

Tech Equipment Maint- Parts 5082-17-000 30 800 1,848 5,600 (3,752) 9,600 7,752

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 3,606 3,000 17,931 21,000 (3,069) 36,000 18,069

Professional Service 5083-17-036 0 325 3,600 5,550 (1,950) 7,150 3,550

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

Cell Phone Exp. 5087-17-000 75 190 900 1,330 (430) 2,280 1,380

New / Renewal Software License Fee 5089-17-017 0 1,300 14,850 9,500 5,350 11,500 (3,350)

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 10,214 10,500 (286) 18,000 7,786

Total Expenses 7,571 9,581 69,756 75,217 (5,461) 120,010 50,255

Net Income (7,571) (9,581) (69,756) (75,217) 5,461 (120,010) (50,255)



TECHNOLOGY


17



Conference Center Rental 4100-18-238 0 300 1,000 600 400 600 (400)

McGraw Hill Affinity Plan 4100-18-303 152 0 448 0 448 0 (448)

Verizon Affinity Plan - NPP 4100-18-304 0 6,250 16,552 18,750 (2,198) 25,000 8,448

Enterprise Affinity Plan 4100-18-305 0 1,000 0 3,000 (3,000) 4,000 4,000

Office Depot Affinity Plan 4100-18-310 3,538 0 10,188 1,000 9,188 1,000 (9,188)

Misc Income 4900-18-194 0 25 80 75 5 100 20

Misc Income/Service 4900-18-195 0 25 0 75 (75) 100 100

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

Total Revenue 3,690 7,600 28,268 23,500 4,768 30,800 2,532

Salaries 5010-18-000 13,373 13,373 96,479 93,608 2,871 160,470 63,992

Temp Help 5010-18-051 0 175 0 1,225 (1,225) 2,000 2,000

Employee Milestone Awards 5010-18-057 (580) 0 5,594 1,480 4,114 2,220 (3,374)

Payroll Taxes 5020-18-052 1,103 1,060 8,128 7,421 707 12,721 4,593


Pension 5020-18-139 1,342 1,393 9,682 9,753 (71) 16,719 7,037


Auto / Travel Expense 5030-18-000 0 17 0 119 (119) 200 200

Miscellaneous Meetings 5035-18-072 716 370 3,203 2,590 613 4,440 1,237

Legal 5040-18-060 83 208 5,130 1,456 3,674 2,500 (2,630)

Office Exp. 5050-18-000 1,612 1,566 8,851 10,962 (2,111) 18,788 9,937

Office Equipment Lease 5050-18-066 549 615 2,310 1,845 465 2,460 150

Office Equipment Maintenance 5050-18-067 1,210 1,217 3,524 6,368 (2,844) 8,290 4,766

Postage - Administration 5050-18-069 45 50 88 350 (262) 600 512

Parking / Metro 5050-18-071 190 150 1,000 1,050 (50) 1,800 800

Contract Printing 5050-18-074 0 67 0 467 (467) 800 800

Office Equipment - Interest 5050-18-290 25 30 208 231 (23) 366 158

Membership Dues 5060-18-061 0 0 750 1,500 (750) 1,630 880

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

Donations/ Memorials 5060-18-063 286 100 386 700 (314) 1,200 814

Internet Connnection 5085-18-000 280 300 1,544 2,100 (556) 3,600 2,056

Telephone Exp.- Admin. 5086-18-000 516 550 3,395 3,850 (455) 6,600 3,205

Cell Phone Exp.- Admin. 5087-18-000 129 190 1,113 1,330 (217) 2,280 1,167

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

Staff Professional Training 5900-18-065 2,574 2,917 20,040 20,419 (379) 35,000 14,960

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

Depreciation 6950-18-000 765 896 5,352 6,273 (921) 10,754 5,402

Total Expenses 25,809 26,942 196,153 199,747 (3,595) 337,175 141,022

Net Income (22,119) (19,342) (167,885) (176,247) 8,362 (306,375) (138,490)



ADMINISTRATION


18



Misc. Income - Accounting 4900-19-195 20 0 525 0 525 0 (525)

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

Total Revenue 20 0 9,720 9,195 525 9,195 (525)

Salaries 5010-19-000 8,729 8,729 65,251 61,103 4,148 104,748 39,497

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

Payroll Taxes 5020-19-052 690 759 5,395 5,313 82 9,108 3,713

Health/Security/LTD 5020-19-070 1,032 1,003 7,361 7,022 340 12,037 4,676

Pension 5020-19-139 816 841 5,862 5,889 (27) 10,095 4,233


Auto Expense 5030-19-000 2 20 18 140 (122) 240 222

Miscellaneous Meetings 5035-19-072 (74) 46 371 476 (105) 700 329

Audit 5040-19-076 0 0 7,880 5,000 2,880 7,418 (462)

ADP Payroll Fees 5040-19-077 463 475 3,421 3,550 (129) 6,000 2,579

Professional Service 5040-19-144 0 290 1,448 2,030 (582) 3,500 2,052

Office Exp. 5050-19-000 28 85 396 595 (199) 1,020 624

Postage - Accounting 5050-19-069 85 135 543 945 (402) 1,620 1,077

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

Bank Charge 5050-19-231 76 25 345 175 170 300 (45)

Membership Dues 5060-19-061 0 450 (103) 735 (838) 735 838

Subscriptions 5060-19-062 0 0 27 120 (93) 120 93

Discounts Allowed (Visa/Dues) 5140-19-078 761 500 12,478 12,450 28 21,000 8,522

State Excise Taxes 5900-19-079 434 100 7,599 7,000 599 7,500 (99)

City Excise Tax 5900-19-279 0 0 4,747 4,800 (53) 7,500 2,753

Depreciation 6950-19-000 131 131 917 917 (0) 1,572 655

Total Expenses 13,172 13,589 126,499 125,465 1,034 212,445 85,946

Net Income (13,152) (13,589) (116,779) (116,270) (509) (203,250) (86,471)



ACCOUNTING


19



Website Advertising 4100-22-197 0 0 0 5,500 (5,500) 7,000 7,000

Total Revenue 0 0 0 5,500 (5,500) 7,000 7,000

Salaries 5010-22-000 11,470 11,469 82,511 80,286 2,226 137,632 55,121

Payroll Taxes 5020-22-052 919 1,069 6,900 7,482 (582) 12,826 5,926


Pension 5020-22-139 1,104 1,152 7,970 8,064 (94) 13,824 5,854


Auto Expense 5030-22-000 0 40 227 740 (513) 1,400 1,173


Professional Service 5040-22-144 0 50 0 350 (350) 600 600

Website Maintenance 5040-22-250 0 50 0 350 (350) 600 600

Office Exp. 5050-22-000 0 40 180 280 (100) 480 300

Postage - Communications 5050-22-069 177 333 1,473 3,398 (1,925) 4,000 2,527

Protrait Photography 5050-22-089 0 50 0 1,950 (1,950) 2,200 2,200

Subscriptions 5060-22-062 0 25 0 175 (175) 300 300

Cell Phone Exp.- Comm. 5087-22-000 75 100 525 700 (175) 1,200 675

Advertising 5140-22-082 745 300 12,569 7,900 4,669 12,300 (269)

Public Relations 5140-22-083 17 300 1,517 2,500 (984) 3,400 1,884

Newsletter 5140-22-084 0 175 0 1,225 (1,225) 2,100 2,100

Annual & Special Reports 5140-22-086 0 300 0 5,800 (5,800) 7,300 7,300

Total Expenses 16,031 17,159 124,631 137,212 (12,582) 232,065 107,434

Net Income (16,031) (17,159) (124,631) (131,712) 7,082 (225,065) (100,434)



COMMUNICATIONS


20



CEO Out of Town Travel 5035-24-090 0 450 583 1,350 (767) 2,000 1,417

Executive Leadership Council 5035-24-094 1,664 0 2,117 2,500 (383) 4,200 2,083

National AGC Convention 5035-24-095 1,917 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 0 1,138 0 1,138 16,500 15,362

Chapter Meetings 5035-24-100 0 1,200 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 0 0 0 0 0 3,300 3,300

Total Expenses 3,580 1,650 44,542 53,850 (9,308) 78,200 33,658

Net Income (3,580) (1,650) (44,542) (53,850) 9,308 (78,200) (33,658)



MEETING AND EVENTS


21



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 15,119 14,219 900 24,375 9,256

Payroll Taxes 5020-25-052 169 192 1,304 1,344 (40) 2,304 1,001


Pension 5020-25-139 213 222 1,539 1,557 (17) 2,668 1,129


Auto Expense 5030-25-000 0 100 414 700 (286) 1,200 786


Office Exp. 5050-25-000 0 25 89 100 (11) 150 61

Postage 5050-25-069 0 0 364 75 289 150 (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 33 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 2,731 2,925 177,255 156,499 20,756 172,343 (4,911)

Net Income (2,731) (2,925) (38,525) (33,499) (5,026) (49,343) (10,819)



SPECIAL EVENTS


22



Intro / Retro 4010-36-204 6,525 0 31,537 17,000 14,537 17,000 (14,537)

Constructor In 4010-36-206 0 0 7,700 6,000 1,700 6,000 (1,700)

Min Dues - Introductory GC 4010-36-209 0 1,500 5,062 11,700 (6,638) 11,700 6,638

Min Dues - Associates 4010-36-211 423 0 186,886 175,000 11,886 175,000 (11,886)

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 4010-36-248 100 0 600 200 400 200 (400)

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

Vol Dues - GC 4030-36-208 0 0 883,167 877,000 6,167 877,000 (6,167)

Vol Dues - Sub 4030-36-210 1,802 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 8,850 1,500 1,794,241 1,725,000 69,241 1,725,000 (69,241)

YTD % to Budget 104.01%

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

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

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

Total Revenue 8,850 7,500 1,800,104 1,731,000 69,104 1,731,000 (69,104)

Salaries 5010-36-000 10,355 10,355 75,669 72,482 3,186 124,256 48,587

Payroll Taxes 5020-36-052 848 880 6,354 6,157 196 10,555 4,202


Pension 5020-36-139 955 1,049 6,934 7,340 (406) 12,583 5,649


Auto Expense 5030-36-000 0 50 0 225 (225) 300 300

Miscellaneous Meetings 5035-36-072 0 100 77 700 (623) 1,200 1,123

W. Chapters "Membership" Meeting 5035-36-098 0 0 371 0 371 5,000 4,629

Office Exp. 5050-36-000 0 0 158 450 (292) 600 442

Postage - Member Services 5050-36-069 7 85 46 220 (174) 1,030 984

Cell Phone Exp.- Member Services 5087-36-000 65 80 466 560 (94) 960 494

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 0 875 (875) 2,000 2,000

Depreciation 6950-36-000 2,090 2,531 14,633 17,714 (3,081) 30,366 15,733

Total Expenses 15,634 16,656 114,719 122,693 (7,974) 243,229 128,510

Net Income (6,784) (9,156) 1,685,385 1,608,307 77,077 1,487,771 (197,613)



MEMBER SERVICE


23



FLF Event Revenue 4150-16-175 240 0 9,260 6,000 3,260 12,000 2,740

Total Revenue 240 0 9,260 6,000 3,260 12,000 2,740

Salaries 5010-16-000 1,291 1,291 9,191 9,035 156 15,488 6,297

Payroll Taxes 5020-16-052 104 119 765 831 (65) 1,424 659


Pension 5020-16-139 127 133 872 932 (60) 1,598 726


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

Membership Meetings 5140-16-177 0 75 0 780 (780) 2,300 2,300

Event / Entertainment 5150-16-175 1,551 0 6,104 6,900 (796) 8,100 1,996

Food / Beverage 5300-16-000 523 400 2,703 5,000 (2,297) 7,650 4,947

Total Expenses 3,786 2,219 20,969 25,335 (4,366) 40,336 19,367

Net Income (3,546) (2,219) (11,709) (19,335) 7,626 (28,336) (16,627)



FUTURE LEADERSHIP FORUM


24



Salaries 5010-26-000 1,558 1,558 11,503 10,903 600 18,690 7,187

Payroll Taxes 5020-26-052 123 131 944 917 27 1,572 628

Health/Security/LTD 5020-26-070 115 156 826 1,091 (265) 1,870 1,044

Pension 5020-26-139 104 148 730 1,038 (308) 1,780 1,050


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

Donations - AGCEF 5060-26-063 10,542 10,542 73,792 73,792 0 126,500 52,708

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 7,075 2,250 15,675 15,750 (75) 27,000 11,325

Total Expenses 19,516 24,784 129,469 113,828 15,642 189,185 59,715

Net Income (19,516) (24,784) (129,469) (113,828) (15,642) (189,185) (59,715)



WORKFORCE DEVELOPMENT


25



Safety Promotion Items 4100-42-080 3,725 1,250 17,765 22,650 (4,885) 27,675 9,910

Safety Team Inspections 4100-42-218 3,510 1,500 12,690 12,325 365 20,925 8,235

Safety Training 4100-42-219 6,500 0 6,500 0 6,500 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 3,005 50 23,371 21,850 1,521 21,850 (1,521)

Shipping - Safety Products 4900-42-195 87 55 464 425 39 800 336

Total Revenue 16,827 2,855 84,953 74,372 10,581 93,372 8,419

Salaries 5010-42-000 19,940 19,939 147,253 139,574 7,680 239,270 92,016

Payroll Taxes 5020-42-052 1,658 1,897 12,998 13,280 (282) 22,766 9,768

Health/Security/LTD 5020-42-070 3,299 3,122 23,346 21,853 1,492 37,463 14,117

Pension 5020-42-139 2,174 2,064 16,432 14,449 1,983 24,770 8,338


Auto/Travel Expense 5030-42-000 686 1,400 4,306 6,770 (2,464) 12,270 7,964

Corporate Travel 5030-42-178 0 305 2,462 2,135 327 4,760 2,298

Misc Meetings - Safety 5035-42-072 62 90 1,280 1,890 (610) 2,700 1,420

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

Office Exp. 5050-42-000 377 100 807 700 107 1,200 393

Postage - Safety 5050-42-069 218 180 1,846 1,460 386 2,300 454


Membership Dues 5060-42-061 0 0 0 0 0 410 410

Cell Phone Exp.- Safety 5087-42-000 194 225 1,550 1,575 (25) 2,700 1,150

Safety Promotion 5120-42-080 787 2,606 13,638 19,246 (5,608) 22,352 8,714

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

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

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

Golf Tournment - Safety Team 5150-42-176 111 300 14,312 13,100 1,212 13,283 (1,029)

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

Depreciation 6950-42-000 757 820 5,301 5,740 (439) 9,841 4,540

Total Expenses 32,913 33,048 253,287 255,298 (2,011) 425,201 171,914

Net Income (16,085) (30,193) (168,334) (180,926) 12,592 (331,829) (163,495)



SAFETY


26



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 4500-27-242 217,109 126,480 951,117 885,360 65,757 1,517,760 566,643

Total Revenue 217,109 126,480 1,402,463 1,110,360 292,103 1,742,760 340,297

Annual Meeting - Retro Breakfast 5502-27-221 TO 5502-27-230 25 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 5504-27-230800 0 800 0 800 0 (800)

Auto / Travel Expense 5505-27-221 TO 5505-27-230736 0 3,396 0 3,396 0 (3,396)

Computer Equip Maint. - Upgrade 5506-27-221 TO 5506-27-2301,999 0 3,598 0 3,598 0 (3,598)

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 11 0 335 0 335 0 (335)

Office Equipment 5512-27-221 TO 5512-27-230148 0 2,465 0 2,465 0 (2,465)

Office Rent & Parkng 5513-27-221 TO 5513-27-2304,434 0 31,604 0 31,604 0 (31,604)

Office Supplies 5514-27-221 TO 5514-27-230484 0 2,502 0 2,502 0 (2,502)

Postage 5515-27-221 TO 5515-27-230 11 0 1,373 0 1,373 0 (1,373)

Salaries 5516-27-221 TO 5516-27-23052,359 0 340,205 0 340,205 0 (340,205)

Payroll Taxes & Benefits 5517-27-221 TO 5517-27-23017,705 0 120,232 0 120,232 0 (120,232)

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 5520-27-230571 0 4,676 0 4,676 0 (4,676)

Subtotal 82,485 0 620,358 0 620,358 0 (620,358)

RTW Classroom Income 5524-27-221 TO 5524-27-230(1,225) 0 (5,670) 0 (5,670) 0 5,670

RTW Center 5525-27-221 TO 5525-27-23045,479 41,653 295,396 291,571 3,825 499,836 204,440

Classroom Yakima 5527-27-221 TO 5527-27-2301,700 1,700 11,900 11,900 0 20,400 8,500

Subtotal 45,954 43,353 301,626 303,471 (1,845) 520,236 218,610

NET EXPENSE 128,439 43,353 921,984 303,471 618,513 520,236 (401,748)

Clearing Account 5528-27-221 TO 5528-27-230(128,441) 0 (921,986) 0 (921,986) 0 921,986

TOTAL NET EXPENSE (2) 43,353 (2) 303,471 (303,473) 520,236 520,238

Retro Exp Gross/Reimbursement 5500-27-242 217,109 83,127 951,117 581,889 369,228 997,524 46,407

NET OPR INCOME / (EXPENSE) 0 43,353 451,346 528,471 (77,125) 745,236 293,890



GROUP RETRO


27



Public Works Mtg Income 4100-30-072 0 0 8,710 7,000 1,710 7,000 (1,710)

Legislative Reimbursement 4100-30-147 17,500 0 17,500 0 17,500 17,500 0

Total Revenue 17,500 0 26,210 7,000 19,210 24,500 (1,710)

Salaries 5010-30-000 11,580 11,580 86,964 81,057 5,907 138,954 51,990

Contract Lobbyists / Temp Help 5010-30-051 6,666 7,167 46,662 80,163 (33,501) 116,000 69,338

Payroll Taxes 5020-30-052 952 1,025 7,493 7,176 318 12,301 4,808


Pension 5020-30-139 1,157 1,205 8,447 8,435 12 14,460 6,013


Auto Expense 5030-30-000 14 150 515 1,180 (665) 2,050 1,535

Corporate Travel 5030-30-178 0 200 495 2,400 (1,905) 4,000 3,505

Miscellaneous Meetings 5035-30-072 84 410 6,634 8,090 (1,456) 12,000 5,366

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

Legal Research & Representation 5040-30-161 0 0 0 2,000 (2,000) 3,500 3,500

Office Exp. 5050-30-000 183 525 2,960 4,050 (1,090) 7,125 4,165

Office Equipment Lease 5050-30-066 16 17 179 116 63 200 21

Office Equipment Maintenance 5050-30-067 17 50 315 380 (65) 1,250 935

Postage - GAC 5050-30-069 0 100 590 800 (210) 1,200 610

Contract Printing 5050-30-074 0 0 43 500 (457) 4,700 4,657

Membership Dues 5060-30-061 0 1,050 1,500 2,445 (945) 3,445 1,945

Subscriptions 5060-30-062 0 60 97 370 (273) 510 413

Donations 5060-30-063 0 50 0 300 (300) 600 600

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 3,918 4,137 27,661 28,961 (1,300) 49,646 21,985

Internet Service Provider 5084-30-000 120 110 719 770 (51) 1,320 601

Telephone Exp.- Leg. 5086-30-000 164 300 1,277 2,450 (1,173) 4,000 2,723

Cell Phone Exp.- Leg. 5087-30-000 86 200 1,276 1,400 (124) 2,400 1,124

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 3,500 9,000 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 33 100 33 700 (667) 1,000 967

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 0 700 (700) 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 9,115 9,136 (21) 15,625 6,510

Total Expenses 27,804 31,946 244,532 282,810 (38,277) 453,506 208,974

Net Income (10,304) (31,946) (218,322) (275,810) 57,487 (429,006) (210,684)



GOVERNMENT AFFAIRS COUNCIL


28



Salaries 5010-31-000 2,411 2,411 17,713 16,877 836 28,932 11,219

Payroll Taxes 5020-31-052 196 218 1,510 1,527 (18) 2,618 1,109


Pension 5020-31-139 228 244 1,650 1,706 (56) 2,924 1,275


Auto Expense:BUILD 5030-31-000 0 30 0 30 (30) 200 200

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

Misc. Meetings 5035-31-072 9 50 9 50 (41) 300 291

Office Exp. 5050-31-000 0 20 180 140 40 240 60

Indirect Overhead / Admin - Build Pac 5060-31-063 41 50 5,506 5,605 (99) 5,855 349

Total Expenses 3,182 3,437 28,665 28,931 (267) 47,452 18,788

Net Income (3,182) (3,437) (28,665) (28,931) 267 (47,452) (18,788)



BUILD-PAC


29



Misc. Meetings 4100-33-072 0 0 0 0 0 1,500 1,500

Total Revenue 0 0 0 0 0 1,500 1,500

Salaries 5010-33-000 250 250 1,790 1,750 40 3,000 1,210

Payroll Taxes 5020-33-052 21 23 156 162 (6) 277 122

Health/Security/LTD 5020-33-070 19 30 132 209 (77) 359 227

Pension 5020-33-139 18 27 126 190 (65) 326 200



Total Expenses 307 580 2,203 2,629 (426) 8,167 5,963

Net Income (307) (580) (2,203) (2,629) 426 (6,667) (4,463)



AGC - FEDERAL FACILITIES


30



Misc Income/Labor Forms 4900-34-220 0 0 672 0 672 0 (672)

Total Revenue 0 0 672 0 672 0 (672)

Salaries 5010-34-000 13,963 13,962 101,705 97,737 3,968 167,549 65,844

Payroll Taxes 5020-34-052 1,154 1,286 8,746 9,005 (259) 15,437 6,691

Health/Security/LTD 5020-34-070 1,442 1,959 10,320 13,712 (3,392) 23,507 13,187

Pension 5020-34-139 1,254 1,517 9,020 10,617 (1,598) 18,201 9,181


Auto Expense 5030-34-000 60 100 347 700 (353) 1,200 853

Legal 5040-34-060 0 600 7,525 4,200 3,325 7,200 (325)

Office Exp. 5050-34-000 0 40 1,075 280 795 480 (595)

Postage - Labor 5050-34-069 69 10 200 70 130 120 (80)

Cell Phone Exp.- Labor 5087-34-000 65 75 618 525 93 900 282

Labor Relations 5120-34-163 187 200 2,835 1,400 1,435 2,400 (435)

Trustee Expense 5120-34-166 50 100 654 550 104 1,550 896

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

Depreciation 6950-34-000 32 32 225 224 1 386 161

Total Expenses 18,276 19,881 143,270 143,453 (183) 252,362 109,092

Net Income (18,276) (19,881) (142,598) (143,453) 855 (252,362) (109,764)



LABOR


31



Salaries 5010-40-000 856 856 6,232 5,992 240 10,272 4,040

Payroll Taxes 5020-40-052 70 80 532 563 (31) 965 433

Health/Security/LTD 5020-40-070 114 121 808 847 (38) 1,451 643

Pension 5020-40-139 80 83 577 584 (7) 1,001 424


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 0 348 200 148 375 27

Open Shop Speaker Exp. 5120-40-168 0 50 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 0 275 675 1,025 (350) 1,025 350

Total Expenses 1,120 1,466 10,748 10,956 (208) 18,083 7,335

Net Income (1,120) (1,466) (10,748) (10,956) 208 (18,083) (7,335)



OPEN SHOP


32



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

District Mtgs - Seattle 4100-12-177 0 0 4,200 5,800 (1,600) 13,700 9,500

Golf - Seattle District 4150-12-176 (12,082) 0 48,326 55,500 (7,174) 44,000 (4,326)

Total Revenue (12,082) 0 52,526 61,300 (8,774) 62,200 9,674

Salaries 5010-12-000 9,230 9,230 67,068 64,607 2,460 110,756 43,688

Payroll Taxes 5020-12-052 770 861 5,754 6,030 (276) 10,337 4,583

Health/Security/Ltd 5020-12-070 1,146 1,213 8,102 8,493 (391) 14,560 6,458

Pension 5020-12-139 949 995 6,835 6,962 (128) 11,935 5,101


Auto Expense 5030-12-000 41 125 2,617 875 1,742 1,500 (1,117)


Office Expense 5050-12-000 0 0 110 250 (140) 500 390

Postage - Seattle District 5050-12-069 0 0 167 0 167 400 233


Membership Dues 5060-12-061 0 0 1,480 1,000 480 4,000 2,520

Donations 5060-12-063 0 0 0 500 (500) 1,500 1,500

Cell Phone Exp.- Seattle 5087-12-000 65 75 795 525 270 900 105

Local Gov't Affairs 5130-12-174 0 0 3,142 500 2,642 6,000 2,858

Membership Promotion 5140-12-080 0 0 0 0 0 3,200 3,200

Holiday Open House 5140-12-175 0 0 0 0 0 10,000 10,000

Memb mtgs/ Seattle 5140-12-177 0 0 6,101 6,600 (499) 18,500 12,399

Member Events - Expense 5150-12-175 0 0 0 0 0 10,000 10,000

Golf Tournament - Seattle District 5150-12-176 0 0 37,542 35,800 1,742 44,000 6,458

Depreciation 6950-12-000 22 0 154 0 154 0 (154)

Total Expenses 12,222 12,499 140,268 135,638 4,630 258,506 118,237

Net Income (24,304) (12,499) (87,742) (74,338) (13,404) (196,306) (108,563)



SEATTLE DISTRICT


33



District Mtgs - Southern 4100-14-177 0 0 9,220 7,900 1,320 18,900 9,680

Golf - Southern District 4150-14-176 26,650 24,000 47,200 43,200 4,000 37,000 (10,200)

Total Revenue 26,650 24,000 56,420 51,100 5,320 55,900 (520)

Salaries 5010-14-000 11,955 11,954 88,581 83,679 4,902 143,450 54,869

Payroll Taxes 5020-14-052 985 1,141 7,803 7,985 (182) 13,688 5,885


Pension 5020-14-139 1,085 1,143 8,312 7,998 315 13,711 5,398


Auto Expense 5030-14-000 90 150 670 1,050 (380) 1,800 1,130


Miscellaneous Meetings 5035-14-072 148 125 969 875 94 1,500 531

Office Exp. 5050-14-000 165 200 1,166 1,400 (234) 2,400 1,234

Office Equipment Maintenance 5050-14-067 102 250 772 1,750 (978) 3,000 2,228

Postage - South District 5050-14-069 0 122 500 854 (354) 1,464 964

Office Equipment - Interest - FIFE 5050-14-290 53 54 387 408 (21) 650 263

Subscriptions 5060-14-062 0 0 0 75 (75) 150 150

Donations - Pierce County CC Day 5060-14-063 0 0 1,000 0 1,000 1,000 0

Telephone Exp.- Southern 5086-14-000 580 575 4,048 4,025 23 6,900 2,852

Cell Phone Exp.- Southern 5087-14-000 65 70 466 490 (24) 840 374

Memb Mtgs/ Southern 5140-14-177 0 0 4,260 12,100 (7,840) 28,100 23,840

Golf Tournament - Southern District 5150-14-176 1,002 25,500 17,685 25,500 (7,815) 36,000 18,315

Depreciation 6950-14-000 115 115 802 802 (0) 802 0

Total Expenses 18,614 43,355 151,339 166,963 (15,624) 291,891 140,551

Net Income 8,036 (19,355) (94,919) (115,863) 20,944 (235,991) (141,071)



SOUTHERN DISTRICT


34



Memb Mtgs/Northern District 4100-46-177 0 0 880 0 880 0 (880)

Membership Training 4100-46-189 0 0 0 0 0 0 0

Total Revenue 0 0 880 0 880 0 (880)

Salaries 5010-46-000 4,740 4,740 35,277 33,177 2,100 56,875 21,598

Payroll Taxes 5020-46-052 393 448 3,043 3,137 (94) 5,377 2,334


Pension 5020-46-139 498 519 3,592 3,632 (40) 6,226 2,635


Auto Expense 5030-46-000 1,157 200 3,214 1,400 1,814 2,400 (814)


Miscellaneous Meetings 5035-46-072 162 150 813 1,000 (187) 1,600 787

Office Exp. 5050-46-000 0 100 75 450 (375) 750 675

Postage - North District 5050-46-069 32 50 121 350 (229) 600 479

Membership Dues 5060-46-061 0 0 440 295 145 1,000 560

Subscriptions 5060-46-062 0 0 466 165 301 190 (276)

Rent - N. District 5070-46-000 750 750 5,250 5,250 0 9,000 3,750

Telephone Exp.- Northern 5086-46-000 0 0 26 30 (4) 50 24

Cell Phone Exp.- Northern 5087-46-000 65 80 466 560 (94) 960 494

Community Services/ Image Bldg 5120-46-185 0 1,000 150 1,000 (850) 1,500 1,350

Membership Training 5120-46-189 25 300 2,002 2,000 2 4,000 1,998

Local Gov't Affairs 5130-46-174 19 100 458 600 (142) 1,000 542

Membership Promotion 5140-46-080 0 100 529 600 (71) 1,000 471

Memb mtgs/ Northern 5140-46-177 300 600 6,104 4,200 1,904 7,200 1,096

Insurance & Bonds 5900-46-064 0 0 528 600 (72) 600 72

Total Expenses 8,806 9,846 67,416 65,289 2,127 114,217 46,801

Net Income (8,806) (9,846) (66,536) (65,289) (1,247) (114,217) (47,681)



NORTHERN DISTRICT


35



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 2,000 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 2,000 21,455 16,800 4,655 17,600 (3,855)

Salaries 5010-48-000 6,278 6,277 45,703 43,941 1,762 75,328 29,625

Payroll Taxes 5020-48-052 513 590 3,905 4,128 (224) 7,077 3,173


Pension 5020-48-139 585 612 4,232 4,283 (51) 7,342 3,110


Auto Expense 5030-48-000 0 0 0 0 0 0 0

Corporate Travel 5030-48-178 0 0 710 1,670 (960) 2,070 1,360

Office Exp. 5050-48-000 16 100 531 800 (269) 1,425 894

Office Equipment Maintenance 5050-48-067 0 0 0 0 0 0 0

Postage - Central District 5050-48-069 0 0 55 175 (120) 225 170

Utilities 5050-48-186 0 0 0 0 0 0 0

Membership Dues 5060-48-061 375 350 1,980 1,650 330 2,750 770

Subscriptions 5060-48-062 76 50 76 150 (74) 200 124

Rent - C. District 5070-48-000 629 585 4,018 4,095 (77) 7,020 3,002

Internet Service Provider 5084-48-000 63 60 441 420 21 720 279

Telephone / Cable TV - Central 5086-48-000 63 61 441 427 14 732 291

Cell Phone Exp.- Central 5087-48-000 65 70 759 490 269 840 81

Member Training Meetings 5120-48-189 0 150 416 1,050 (634) 1,800 1,384

HR Roundtable 5120-48-266 (60) 50 (53) 450 (503) 650 703

Local Gov't Exp. 5130-48-174 12 200 249 800 (551) 1,000 751

Membership Promotion 5140-48-080 105 200 1,454 1,400 54 2,400 946

Memb mtgs/ Central WA 5140-48-177 0 150 348 1,750 (1,402) 3,300 2,952

Golf Tournament - Central District 5150-48-081 4,184 10,000 8,425 15,000 (6,575) 15,000 6,575

Insurance & Bonds 5900-48-064 0 0 581 650 (69) 650 69

Depreciation 6950-48-000 34 34 239 238 1 410 171

Total Expenses 13,776 20,426 80,438 91,755 (11,317) 147,581 67,143

Net Income (13,776) (18,426) (58,983) (74,955) 15,972 (129,981) (70,998)



CENTRAL DISTRICT


36



LT Investment - Dividend MM 4801-90-000 1,180 0 5,835 0 5,835 0 (5,835)

LT Investment - Bond Interest 4802-90-000 (2,966) 2,000 7,344 14,000 (6,656) 24,000 16,656

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 22,602 0 44,356 0 44,356 0 (44,356)

Total Revenue 20,816 2,000 89,458 14,000 75,458 24,000 (65,458)

Investment Consultant Fee 5800-90-000 0 0 5,847 6,000 (153) 12,000 6,153

Total Expenses 0 0 5,847 6,000 (153) 12,000 6,153

Net Income 20,816 2,000 83,611 8,000 75,611 12,000 (71,611)



NON-OPERATING


37

TAB 7

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 $31706.5K. 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

TAB 8

Documents

BOARD OF TRUSTEES MEETING September 14, 2015 11:00 AM – … · 2019-08-19 · 1 BOARD OF TRUSTEES MEETING September 14, 2015 11:00 AM – 3:00 PM AGC Conference Center, Seattle,