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HomeMy WebLinkAbout2007-12-10 - Agendas - Final MEETING NOTICE The Advertising and Promotion Commission will meet on Monday, December 10, 2007, at 2 :00 p.m. in the Town Center Conference room. AGENDA ADVERTISING AND PROMOTION COMMISSION December 10, 2007 2:00 p.m. Town Center 1 . Call to Order - Chairman Pat Gazzola 11 . Reports A. Approval of Minutes for November 12 regular monthly meeting B. Financial Report 1 . HMR Revenues 2. Financial Statements 3 . Update from City Attorney re: delinquent tax collection efforts C. Report from Executive Director — Marilyn Heifner • D. CVB Report — Allyson Twiggs E. Town Center Report — Willistine Smith F. Clinton House Museum Report — Brittany Starr G. Advertising Agency Report — Brian Clark 111. Old Business 1V . New Business A. H. R. 3988 V. Adjourn r• • • ADVERTISING AND PROMOTION COMMISSION REGULAR MEETING November 12, 2007 Commissioners Present: Neal Crawford, Pat Gazzola, David McGeady, Robert Rhoads, and Maudie Schmitt. Commissioners Absent: Dan Coody, Bob Davis Staff Present: Marilyn Heifner, Allyson Twiggs, and Willistine Smith, and Brittany Starr Chairman Pat Gazzola called the regular monthly meeting of the Fayetteville Advertising and Promotion Commission to order on October 8, 2007 at the Fayetteville Town Center at 1 :30 p.m. Prior to the meeting, Commissioners visited with those groups requesting funds from the A & P Commission. BUDGET APPROVAL Marilyn presented preliminary budgets for the Town Center, Visitors Bureau, Clinton House Museum and two budget for the A & P Commission. The first budget for the Commission was for the same amount of revenue as budgeted this year. The other budget represented a • 5% decrease in revenue. Marilyn pointed out this year' s revenue was running 2 % below the budgeted amount this year. Moved by Schmitt, second by Crawford to approve the Commission budget with a 5% decrease in revenue and other budgets as presented. Motion carried. FUNDING REQUESTS Moved by McGeady, second by Crawford to approve the following funding amounts from unallocated funds: Motion carried. ASCE Mid Continent Conference $ 5,000 Arkansas Air Museum 0 Calcasieu Rabbit Show $ 500 Ceramics Symposium $ 73500 Dickson St. Music Festival $25,000 First Night — Hog Drop 0 Four States Challenge Volleyball $ 4.000 All Star Games $ 10,000 Coaches Clinic and Golf Tournament $ 15,000 Saturday of Champions $ 41000 NWA Coaches Clinic $ 51000 State Soccer Finals $ 1 ,500 7A State Track Meet $ 1 ,000 • DECA Marketing Fashion Show $ 1 ,000 Debate and Forensics Tournament $ 15500 Hogeye Marathon 0 Holiday Hoops $ 5,000 Joe Martin Stage Race $ 3 ,500 Lions 5K Challenge for Sight 0 State Master Gardener Convention $ 2,500 NWA Horseshoe Pitching Tournament 0 Ozark Military Museum 0 Ozark Valley Triathlon 0 Red White and Boom 0 Caring for Creation Conference $ 1 ,000 Savor the Flavor 0 Solar Splash $ 7,500 TheatreSquared $ 3,000 Walton Arts Center — Annie $ 15 ,000 Water-ski Regional Championships $ 5,000 Youth Slow Pitch Softball World Series $ 71500 Total $ 131 ,000 MINUTES Moved by McGeady, second by Schmitt to approve the minutes of the October 8 regular meeting. Motion carried. • HMR COLLECTIONS Total collections of HMR tax in October (September sales) were $ 180,324, a decrease of - 8. 18% for the month. Year to date decline in HMR revenues is -2.63%. Hotel revenue collected in September was $21 ,879.99, a -22.28% decrease from last September. Year to date hotel revenue is -4.99%. Restaurant revenue for the month was $ 150,651 .01 , down -4.74% and year to date down -4.88%. FINANCIAL REPORT John McKinney from William P. Cook and Assoc. presented the September financial statements. Moved by Rhoads, second by Crawford to approve the financial statements. Motion carried. CITY ATTORNEY In the absence of Kit Williams, Marilyn said that the City Prosecutor' s office collected $2,683 .53 last month in overdue HMR taxes. Casey Jones and his staff' s work has resulted in a total year to date collection of $44,467.48 in overdue HMR taxes. DIRECTOR' S REPORT Marilyn Heifner referred to her report in the agenda packet in lieu of time constraints. She • did address the water problem with the Peace Fountain. Currently, water has been running from a drain in the stairs for 9 days. Water has leaked from the fountain under the plaza steps. 2007 Recd. 12008 Request Commis. Approv. ASCE Mid Continent Conference $0 $10,000 $5,000 Arkansas Air Museum $17,500 $46, 182 $0 Calcasieu Rabbit Show $1 ,000 $2,000 $500 Ceramics Symposium $0 $20,000 $7,500 Dickson St. Music Festival $0 $30,000 $25,000 First Night - Hog Drop $1 ,0001 $7,000 $0 Four State Challenge Volleyball Classic $4,000 $4,000 $4,000 All Star Games $9,0001 $10,000 $10,000 Coaches Clinic and Golf Tournament $15,000 $15,000 $15,000 Saturday of Champions $40000 $4,000 $43000 NWA Coaches Clinic $7,000 $7,000 $5,000 State Soccer Finals $0 $1 ,750 $1 ,500 7A State Track Meet $0 $1 ,000 $ 1 ,000 DECA Marketing Fashion Show $3,000 $3,000 $1 ,000 Debate and Forensic Tournament $0 $3,000 $12500 Hogeye Marathon $0 $10,350 $0 Holiday Hoops $16,000 $212500 $5,000 Joe Martin $710001 $10000/$25000 $3,500 Lions 5K Challenge for Sight $0 $6,500 $0 • State Master Gardener Convention $0 $15,000 $2,500 NWA Horseshoe Pitching Tournament $0 $2,600 $0 Ozark Military Museum $5,000 $10,000 $0 Ozark Valley Triathlon $2,500 $4,000 $0 Red, White and Boom $15,000 $15,000 $0 Caring for Creation Conference $0 $10,000 $1 ,000 Savor the Flavor $20500 $1 ,500 $0 Solar Splash $10,0001 $10,000 $7,500 TheatreSquared $3,0001 $7, 100 $3,000 Walton Arts Center - Annie $1020001 $15,000 $159000 Water-ski Regional Championships 1 $10,000 $5,000 Youth Slow Pitch Softball World Series $0 $7,500 $7,500 $132,5001 $309,982 $131 ,000 • • Solutions are being considered for sealing the fountain with slate, waterproofing or tile are being evaluated. CONVENTION VISITORS BUREAU Allyson Twiggs reported on events for the Lights of the Ozarks. She has recruited the Adult Probation and Parole conference and bid on the Arkansas Airport operators, Arkansas Parks and Recreation conference and the International Association of Firefighters conference. KUAF has broadcast a PSA on the Visitor Center. The Visitor Center Store has been open 41 days and had a total of 1021 visitors with total sales of $ 1600. TOWN CENTER Willistine Smith reported 18 contracts with - 19% sales. They will probably end the year with 71 % of their goal and budget. Terror on the Square made approximately $5 ,500. The biggest event in October was the CAPPA conference, here full facility for three days. CLINTON HOUSE MUSEUM October was a good month for the Clinton House Museum. Brittany organized events celebrating the anniversary of Bill and Hillary which brought in a lot of visitors. She has 3 • confirmed speakers for a spring lecture series. They are Steve Smith, Dr. Dottle, and Jeannine Perry. She has been working on the 501 (c) 3 application. The parking lot is in, giving a better perception for visitor access. AGENCY REPORT Jade Hart and Lauren Allison reported that 2008 planning is in full swing. They presented 2 ads, one from Midwest Living and one from Hawgs Illustrated showing the new ads. Experiencefayetteville.com numbers are up. The agency will release the enewsletter for late fall/winter next week. OLD BUSINESS A. Clinton House Museum by-laws Moved by McGeady, second by Crawford to approve the by-laws for the Clinton House Museum. Carried. B. Clinton House Incorporation Moved by Crawford, second by Rhoads that Pat Gazzola, Marilyn Heifner and Brittany Starr be named on the incorporation papers. Carried. NEW BUSINESS • A. Clinton House Museum lease • Moved by Rhoads, second by Crawford to approve the lease with the University for the Clinton House Museum. Motion carried. B. Repair of Deteriorating Handrails at Town Center Moved by Crawford, second by Schmitt to approve the bid from Boulder Construction to repair deterioration of handrails at the Town Center. Motion carried. McGeady asked that a comprehensive discussion of Town Center rates and selling techniques be held at the next meeting. There being no further business, the meeting was adjourned. Respectfully submitted, Ile- Marilyn Heifner Executive Director • • • Advertising and Promotion Commission For month of November 2007 Current Year HMR Collected (2120. 0912 .4101 . 00) $ 184,810.87 Prior Year Collected (2120 . 0912 .4101 . 01 ) $ 300.00 Checking Interest Revenue (2120.0912.4705.00) $ 4.30 Crews Investment Interest Revenue (2120.0912.4708.00) $ 6,997.90 Total Revenues $ 192, 113.07 Annual Bond Audit Expense (2120.9120.7602.60) $ Collection Expense (2120. 9120. 5333.00) $ (3,702.22) Bank of OK Quarterly Fee k2 120.9 120. 1602.60) $ Town Center Bond Payment (2120 . 9120 .7602 .60) 1 $ (54,957.71 ) 2004 Property Taxes on Town Center (2120.9120.7602.60) $ Total Expenses $ (58,659.93) • Total Check to ABP $ 133,453. 14 • City of Fayetteville, Arkansas Monthly HMR Tax Collections 2004-2007 2004 2004 2005 2005 2006 2006 2007 2007 Total Change Over Total Change Over Total Change Over Total Change Over HMR Taxes Prior Year HMR Taxes Prior Year HMR Taxes Prior Year HMR Taxes Prior Year January $ $135,930 12.75% $153,048 12.59% 1649284 7.30% $166;620 1 .42% February $129,922 12.05% $133,528 2.78% 183,554 37.46% $150,088 -18.23% March $139,442 18.89% $1642763 18. 16% 154,067 -6.49% $157,317 2. 11 % April $149, 113 19.00% $159,473 6.94% 174,063 9. 15% $171 ,562 -1 .43% May $145,039 11 .85% $159, 186 9.75% 174$ 87 9.54% $165,779 -4.94% June $149,466 12.86% $162,754 8.89% 171 ,098 5.13% $177,594 3.80% July $152,917 17. 11 % $1812070 18.41 % 172,905 -4.51 % $173,079 0.00% August $146,518 10. 19% $167,448 14.31 % 160,067 -4.40% $160,560 0.00% September $1469097 10. 18% $162,215 11 .03% 169,793 4.67% $172,373 1 .52% October $155,320 14.07% $169,325 9.02% 196,393 15.99% $180,324 -8.18% ' November $168,369 8.75% $170,780 1 .43% 193,469 13.29% $185, 111 -4.32% December $138,185 7.78% $160,343 16.03% 159,842 -0.01 % Total $ $19756,317 12.84% $1 ,9431930 10.68% 2,073,923 6.69% $1 ,860,407 -2.80% \filename 0 0 0 HMR Comparison 2003 to 2006 Using Year-End totals per HMR Report HOTELS 2003 2004 % change 2005 % change 2006 % change 2007 % change Dec 10,773.64 123329.60 14.44% 14,024.64 13.75% 13,284.28 -5.28% 12, 577.76 -5. 10% Jan 10,638.74 12,614.03 18.57% 13,738.64 8.91 % 13,650.85 0.64% 13,965.23 2. 30% Feb 12, 140.56 16,210.91 33.52% 17,930.90 10.61 % 16,006.58 -10.73% 16,534.37 3.30% Mar 15,371 .78 192692.06 28. 11 % 193037.80 -3.33% 18,941 .34 -0.50% 18,699.53 -1 .27% Apr 16,534.22 17,643.48 6.70% 199720.73 11 .77% 19,000.83 -0.37% 19, 110. 12 0.56% May 160568.61 192979.47 26.62% 22,347.62 11 .85% 22,796.50 2.00% 23,204.74 1 .79% Jun 18,530.45 22,917.75 23.67% 22,690.02 -0.99% 22,060.53 -2.78% 22,705.86 2.92% Jul 16,031 .25 173404.01 8.56% 18,668.34 7.26% 16,804. 33 -9.98% 17,054.25 1 .49% Aug 16,098. 10 179316.75 7.56% 183786.70 8.48% 17,513.64 -6.67% 18,081 .83 3.24% Sep 16,875.70 21 ,910. 18 29.83% 213524.09 -1 .76% 28, 150.74 30.78% 21 ,879.99 -22.28% Oct 25, 183.66 24,314.01 -3.45% 22,729.73 7.44% 22,208.80 -2.29% 27,695.43 2.47% Nov 16,468.24 169294.83 1 .05% 17,073.24 4.78% 17,351 .42 1 .63% 1919214.95 218,627.08 14.34% 228,272.45 4.41 % 2279769.84 -0.22% 211 ,509.11 -0.51 % RESTAURANTS 2003 2004 % change 2005 % change 2006 % change Dec 1123143.74 122,970.98 9.65% 137,855.28 12. 10% 153,658.60 11 .46% 145,851 .07 -5.08 Jan 1049133.72 116,544.55 11 .92% 126,564.43 8.60% 142,675.37 12.73% 126,350. 10 -11 .44% Feb 99,436. 17 117,063.89 17.73% 127,214.85 8.67% 133,701 .96 5. 10% 133,499.96 -0.001 % Mar 113,299. 12 125, 141 .62 10.45% 1400166.43 12.00% 153,462. 15 9.48% 145,240.82 -5.36% Apr 108, 157.35 123,732. 13 14.40% 137,712.38 11 .30% 143, 149.32 7.57% 146,017.95 2.00% May 1140543.92 126,572.41 10.50% 140,966.98 11 .37% 166,542.00 18. 14% 142,484.49 -14.44% Jun 111 ,410.87 128,880. 12 15.68% 164,369.25 27.54% 139,677.98 -15.31 % 142,384.44 1 .93% Jul 109,920.03 1271161 .30 15.68% 136,906.50 7.66% 1523031 .25 11 .05% 1360693.67 -10.09% Aug 117,824.90 126,217.05 7. 12% 139,830.39 10.78% 143,807.38 2.84% 145,060.67 0.87% Sep 112,098.50 1342327.89 19.83% 143,215.20 6.61 % 158, 151 .42 10.43% 1500651 .01 -4.74% Oct 127,371 .76 133,335.40 4.68% 146,722.98 10.04% 1572626. 19 7.43% 152,987.98 -2.94% Nov 104,084.85 1183147.51 13.51 % 133,691 .45 13. 16% 137,036.80 2.50% 11334,424.93 12500,094.85 12.42% 11675,216.12 11 .67% 1 ,7819520.42 6.68% 1 ,5679222.16 -4.88% William P . Cook & Associates , PLLC • Certified Public Accountants Member American Institute of Certified Pubtie Accountant; & Arbansm Society of Certified Public Accountants Members: William P. Cook, CPA (1951 . 2002) William L. Cook 11, CPA L. Andrew 56eppard, CPA Wesley D. Murtis6aw, CPA Susan P. Carmichael Fern R. Smith, CPA lon E. Robinson Fayetteville Advertising & Promotion Fayetteville Town Center Fayetteville, Arkansas We have compiled the accompanying balance sheet, statements of revenues and expenditures, and schedules of general expenditures and special projects of the Fayetteville Advertising and Promotion Commission, The Fayetteville Town Center, The Convention and Visitors Bureau, and The Clinton House Museum as of October 31 , 2007 and for the nine months then ended in accordance with Statements on Standards for Accounting and Review Services issued by the American Institute of Certified Public Accountants. A compilation is limited to presenting in the form of financial statements information that is the representation of management. We have not audited or reviewed the accompanying financial statements and, accordingly, do not express an opinion or any other form of assurance on them . Management has elected to omit substantially all of the disclosures and the statements of retained • earnings and cash flows ordinarily included in financial statements. If the omitted disclosures and the statements of retained earnings and cash flows were included in the financial statements, they might influence the user's conclusions about the entitys assets, liabilities, equity, income, and expenses. Accordingly, these financial statements are not designed for those who are not informed about such matters. William P. Cook & Associates, PLLC Certified Public Accountants Fayetteville, Arkansas November 20, 2007 • www.cookcpa.com 101 West Main, Suite 300 • El Dorado, AR 71730.5689 • Telephone (870) 863.7047 Fax (870) 863-5308 34 West Colt Square Dr., Suite 3, Fayetteville, AR 72703-2888 • Telephone (479) 521-1771 Fax (479) 442-0082 Fayetteville A & P Commission BALANCE SHEET As of October 31 , 2007 • ASSETS Current Assets Cash in Bank of Fayetteville - Town Center $ (6.00) Cash in First Security Bank - Town Center 52,859.90 Cash in Arvest Bank - A & P General 40, 129.31 Cash in Bank of Fayetteville 124,057. 12 Cash in First Security Bank - A & P General 564,320.53 Cash in Arvest Bank - A & P Payroll 18,214.74 Cash in Bank of Fay. - Conv & Visitor Bureau (386.07) Cash in First Security - Conv & Visitor Bureau (31226.09) Cash in First Security Bank - Clinton House 27,416.51 Clinton House Inventory 11187.62 CVB Inventory 11 ,678.74 Investments 11642,824.46 Investment Adjustment to Market (599081 .27) Accounts Receivable 116,296.46 Accrued Interest Receivable 35,342. 14 Due from City 25.00 CVB Cash In Register 100.00 Total Current Assets $ 2,571 ,753. 10 • Property, Plant, & Equipment at Cost Furniture and Fixtures 91602.98 CVB Building 11140,253.37 Building Additions 206,677.24 Equipment 166,502.88 Less: Accumulated Depreciation (2313768.70) Net Property and Equipment 19291 ,267.77 Total Assets $ 3,863,020.87 LIABILITIES AND CAPITAL Current Liabilities Payroll Taxes Payable $ 3,669.28 Sales Tax Payable 805.00 Accounts Payable 117,409.50 Due to Other Funds 39196.83 Due to Town Center 63089. 10 Total Current Liabilities $ 1313169.71 Capital Unrestricted Fund Balance 40475,052.22 Excess Revenues Over (Under) Expenditures (743,201 .06) Total Capital 31731 ,851 . 16 Total Liabilities and Capital 1_2&L3 020.87 See Accountants' Compilation Report 1 Fayetteville A & P Commission • Statement of Revenues and Expenditures One Month Ending October 31 , 2007 October 31 , 2007 October 31 , 2007 Budget Actual Revenue HMR Tax Revenue $ 1679909.42 $ 171 ,910.45 Prior Year HMR Tax Revenue 0.00 463.00 Insurance Reimbursement 379. 17 0.00 Other Income 21083.33 0.00 Total Revenue 1703371 .92 172,373.45 General Expenditures See Schedule 84,251 .64 1459959.22 Minor Equipment 61250.00 245.00 Other Revenues (Expenditures) Interest Income - Checking 0.00 11970.52 Interest Income - Investments 109000.00 61836.93 • Miscellaneous Revenue 73275. 18 0.00 Bond Payments - Town Center 0.00 (54,935.36) Arbitrage Expense (375.00) 0.00 Transfers to Other Funds (85,220.06) (72,000.00) Total Other Revenues (Expenditures) (683319.88) (118, 127.91 ) Excess Revenues Over Excess Revenues Over (Under) Expenditures $ 11 ,550.40 $ (91 ,958.68) • See Accountants' Compilation Report 2 Fayetteville A & P Commission • Schedule of General Expenditures One Month Ending October 31 , 2007 Month of Month of October 31 , 2007 October 31 , 2007 Budget Actual General Expenditures Salaries & Wages $ 6,217.84 $ 5,750.84 Pavroll Taxes Expense 500.00 438.58 Insurance and Health Benefits 1 ,041 .67 291 .93 408(P) Company Match 187.50 172.52 Car Allowance 300.00 300.00 Materials and Supplies 0.00 547.25 Siqns 0.00 515.26 Office Expense 83.33 0.00 Publications & Dues 100.00 0.00 Postaqe 1 ,666.67 3,506.58 Water 0.00 212.41 Electricitv 0.00 3,816.93 Rent 6,600.00 0.00 Insurance 208.33 0.00 Professional Services 1 ,350.00 1 ,550.00 Taxes and Licenses 25.00 0.00 Linens 0.00 483.34 • Collection Expense 3,583.33 3,447.47 Bond Pavinq Aqent Fees 166.67 0.00 Convention Development 0.00 500.00 Kamenskv Fountain Maintenance 0.00 327.76 CVB - Office 0.00 2,273.70 Advertisinq and Marketinq 31 ,250.00 34,070.91 Airport Information Booth 433.33 11200.00 Interspace Airport Advertisinq 416.67 0.00 Website Update 833.33 0.00 Siqnaqe - Tourism 833.33 0.00 New Brochures 8,333.33 12,519.50 Travel and Traininq 300.00 164.36 Depreciation Expense 1 ,666.67 1 ,666.67 Special Projects (See Schedule) 189154.64 72,203.21 Total General Expenditures $ 84,251 .64 $ 145,959.22 • See Accountants' Compilation Report 3 Fayetteville A & P Commission • Schedule of Special Projects One Month Ending October 31 , 2007 Month of Month of October 31 , 2007 October 31 , 2007 Budget Actual Special Projects Air Museum $ 416.67 $ 0.00 Town Center Garden Maintenanc 11738.00 0.00 Committee for Mardi Gras 250.00 0.00 Walton Arts Center 833.33 0.00 H. S. Coaches Clinic 11250.00 0.00 Saturday of Champions 333.33 0.00 Holiday Hoops 11333.33 0.00 Joe Martin Stage Race 583.33 0.00 All Star Games 791 .67 0.00 Lights of The Ozarks - 2004 Bud 0.00 15,645.72 DDEP Fine Arts Festival 0.00 17,441 .42 Ozark Valley Triathlon 208.33 0.00 Chile Pepper Cross Country Fest. 0.00 11000.00 • 4th of July Fireworks 1 ,250.00 0.00 Hogs in Bloom - NWA Garden Sh 250.00 0.00 Savor the Flavor 208.33 0.00 Arkansas Hospitality Fund Drive 208.33 0.00 National Rabbit Show 83.33 0.00 NWA Coaches Clinic 583.33 0.00 Ozark Military Museum 416.67 0.00 Real Deal on the Hill 666.67 0.00 Solar Splash 833.33 0.00 Peace Fountain Maintenance 833.33 0.00 CAPPA (Physical Plant Adminst.) 833.33 0.00 DECA Marketing 250.00 0.00 FAYRO Charity Classic 41 .67 0.00 Four State Elite Volleyball Classic 333.33 0.00 Youth Slow Pitch Softball World 625.00 0.00 Botanical Gardens of the Ozarks 0.00 35,866.07 George's 80th arm. 21000.00 1 ,250.00 AR. Statehood 1 ,000.00 11000.00 Total Special Projects $ 18, 154.64 $ 72,203.21 • See Accountants' Compilation Report 4 Fayetteville A & P Commission • Statement of Revenues and Expenditures Ten Months Ending October 31 , 2007 2007 Annual Year to Date 2007 2006 2007 Accumulated Totals Year to Date Year to Date Budget Budget Actual Actual Revenue HMR Tax Revenue $ 2,014,913.00 $ 1 ,679,094.20 $ 1 ,635,364.04 $ 1 ,641 ,392.53 Prior Year HMR Tax Revenue 0.00 - 0.00 19,449.71 33,073.87 Insurance Reimbursement 4,550.00 3,791 .70 1 ,874.00 0.00 Other Income 25.000.00 20 833.30 18.534.31 21 .875.00 Total Revenue 2.044.463.00 1 .703.719.20 1 .675.222.06 1 .696.341 .40 General Expenditures See Schedule 995.020.10 832.516.40 1 .625.537.93 816.584.52 Capital Outlay Minor Equipment 75.000.00 62.500.00 29.881 .34 7.173.29 Other Revenues (Expenditures) Interest Income - Checking 0.00 0.00 15,227.46 0.00 Interest Income - Investments 120,000.00 100,000.00 119,776.30 135,631 .14 • Miscellaneous Revenue 87,302.13 72,751 .80 318.82 0.00 Bond Payments - Town Center 0.00 0.00 (549,353.60) (553,549.90) Arbitrage Expense (4,500.00) (3,750.00) (3,375.00) (4,500.00) Transfers to Other Funds (1 .022.640.77) (852.200.60) (295.000.00) (260.000.00) Total Other Revenues (Expenditures) (819,838.64) (683.198.80) (712,406.02) (682.418.76) Excess Revenues Over (Under) Expenditures $ 154,604.26 $ 125,504.00 $ (692,603.23) $ 190,164.83 • See Accountants' Compilation Report 5 Fayetteville A & P Commission Schedule of General Expenditures Ten Months Ending October 31 , 2007 2007 Annual Year to Date 2007 2006 2007 Accumulated Total Year to Date Year to Date Budget Budget Actual Actual General Expenditures Salaries & Wages $ 74,614.10 $ 62,178.40 $ 57,508.40 $ 55,833.40 Wages and Salaries - Additional 0.00 0.00 8.00 0.00 Payroll Taxes Expense 6,000.00 5,000.00 4,475.80 4,442.88 Insurance and Health Benefits 12,500.00 10,416.70 16,787.56 8,472.12 408(P) Company Match 2,250.00 1 ,875.00 1 ,725.20 1 ,913.33 Car Allowance 3,600.00 3,000.00 3,000.00 3,000.00 Materials and Supplies 0.00 0.00 984.76 72.87 Signs 0.00 0.00 515.26 577.71 Office Expense 1 ,000.00 833.30 166.80 201 .39 Publications & Dues 1 ,200.00 1 ,000.00 1 ,118.50 1 ,371 .95 Postage 20,000.00 16,666.70 13,191 .03 14,233.98 Water 0.00 0.00 212.41 0.00 Electricity 0.00 0.00 9,695.46 0.00 Telephone 0.00 0.00 100.00 0.00 Rent 79,200.00 66,000.00 19,000.00 0.00 Insurance 0.00 0.00 8,045.00 0.00 • Insurance 2,500.00 2,083.30 0.00 2,215.00 Professional Services 16,200.00 13,500.00 15,600.00 27,887.00 Strategic Planning 0.00 0.00 0.00 1 ,495.34 Taxes and Licenses 300.00 250.00 50.00 0.00 Linens 0.00 0.00 483.34 0.00 Collection Expense 43,000.00 35,833.30 33,096.28 33,493.84 Bond Paying Agent Fees 2,000.00 1 ,666.70 0.00 2,000.00 Collection Expense - Prior Year B 0.00 0.00 41 ,275.57 0.00 Convention Development 0.00 0.00 1 ,093.14 0.00 Miscellaneous Expense 0.00 0.00 750.00 0.00 Repairs and Maintenance 0.00 0.00 419.66 6,995.33 Kamensky Fountain Maintenance 0.00 0.00 18,443.41 7,189.91 Kamensky Fountain Maint. - Prior 0.00 0.00 7,189.91 0.00 CVB - Office 0.00 0.00 34,215.43 0.00 Advertising and Marketing 375,000.00 312,500.00 422,563.43 298,489.78 Airport Information Booth 5,200.00 4,333.30 4,800.00 3,600.00 Interspace Airport Advertising 5,000.00 4,166.70 4,305.00 3,593.55 Website Update 10,000.00 8,333.30 32.92 50.00 Signage - Tourism 10,000.00 8,333.30 5,644.24 2,297.16 New Brochures 100,000.00 83,333.30 75,521 .05 90,223.15 Travel and Training 3,600.00 3,000.00 1 ,810.35 2,390.17 Depreciation Expense 20,000.00 16,666.70 16,666.70 16,655.00 Special Projects (See Schedule) 201 ,856.00 171 ,546.40 805,043.32 227,889.66 Total General Expenditures $ 995,020.10 $ 832,516.40 $ 1 ,625,537.93 $ 816,584.52 See Accountants' Compilation Report 6 Fayetteville A & P Commission • Schedule of Special Projects Ten Months Ending October 31 , 2007 2007 Annual Year to Date 2007 2006 2007 Accumulated Total Year to Date Year to Date Budget Budget Actual Actual Special Projects Air Museum $ 5,000.00 $ 40166.70 $ 17,500.00 $ 5,000.00 Botanical Garden Society 0.00 0.00 0.00 17,500.00 Town Center Garden Maintenance 20,856.00 17,380.00 5,381 .06 14,583.30 Committee for Mardi Gras 3,000.00 2,500.00 1 ,837.68 1 ,500.00 Walton Arts Center 10,000.00 8,333.30 28,509.34 6,723.76 H. S. Coaches Clinic 15,000.00 12,500.00 15,000.00 15,000.00 Saturday of Champions 4,000.00 3,333.30 4,000.00 3,000.00 State Soccer Championship 0.00 0.00 0.00 1 ,750.00 Holiday Hoops 16,000.00 13,333.30 0.00 10,000.00 Joe Martin Stage Race 7,000.00 5,833.30 7,000.00 7,000.00 All Star Games 9,500.00 7,916.70 9,500.00 9,000.00 Lights of The Ozarks - 2004 Budget Carryover 0.00 0.00 15,728.41 17,757.60 DDEP Fine Arts Festival 0.00 0.00 34,836.12 0.00 Ozark Valley Triathlon 2,500.00 2,083.30 2,500.00 2,000.00 Governor's Conference 0.00 0.00 0.00 -450.00 Chile Pepper Cross Country Fest. 0.00 0.00 1 ,000.00 0.00 • U A Baseball Regionals 0.00 0.00 10,000.00 10,000.00 4th of July Fireworks 15,000.00 12,500.00 0.00 10,000.00 Hogs in Bloom - NWA Garden Show 3,000.00 2,500.00 0.00 0.00 Savor the Flavor 2,500.00 2,083.30 2,500.00 2,500.00 Arkansas Music Pavilion 0.00 0.00 0.00 10,225.00 Fayetteville Downtown Partners 0.00 0.00 0.00 15,000.00 Arkansas Hospitality Fund Drive 2,500.00 2,083.30 2,500.00 2,500.00 National Rabbit Show 1 ,000.00 833.30 10000.00 2,500.00 NWA Coaches Clinic 7,000.00 5,833.30 7,000.00 7,000.00 Ozark Military Museum 5,000.00 4,166.70 5,000.00 5,000.00 Real Deal on the Hill 8,000.00 6,666.70 8,000.00 7,000.00 Texas Trophy Hunters 0.00 0.00 0.00 20,000.00 Walton Arts Center - °Rain° 0.00 0.00 0.00 10,000.00 Fayetteville Public Library 0.00 0.00 0.00 1 ,800.00 Solar Splash 10,000.00 8,333.30 10,000.00 7,000.00 TheatreSquared 0.00 0.00 3,000.00 7,000.00 Peace Fountain Maintenance 10,000.00 8,333.30 0.00 0.00 CAPPA (Physical Plant Adminst.) 10,000.00 8,333.30 0.00 0.00 DECA Marketing 3,000.00 2,500.00 2,052.75 0.00 FAYRO Charity Classic 500.00 416.70 500.00 0.00 Four State Elite Volleyball Classic 4,000.00 3,333.30 4,000.00 0.00 Youth Slow Pitch Softball World Series 7,500.00 6,250.00 0.00 0.00 Botanical Gardens of the Ozarks 0.00 0.00 515,693.55 0.00 Square Gardens 0.00 0.00 46,179.41 0.00 Red White and Bloom 0.00 0.00 15,000.00 0.00 ICLEI 0.00 0.00 8,075.00 0.00 Rabbit Show - Prior Year Balance 0.00 0.00 2,500.00 0.00 Fall Sports Festival (AAO) 12,000.00 12,000.00 12,000.00 0.00 Dickson St. History 5,000.00 5,000.00 5,000.00 0.00 George's 80th arm. 2,000.00 2,000.00 1 ,250.00 0.00 AR. Statehood 1 .000.00 1 .000.00 1 .000.00 0.00 • Total Special Projects $ 201 ,856.00 $ 171 ,546.40 $ 805,043.32 $ 227,889.66 See Accountants' Compilation Report 7 Fayetteville A & P Commission • Schedule of Special Projects Ten Months Ending October 31 , 2007 Annual Year to Date 2007 2006 2007 Accumulated Total Year to Date Year to Date Budget Budget Actual Actual • • See Accountants' Compilation Report 7 Fayetteville Town Center • Statement of Revenues and Expenditures One Month Ending October 31 , 2007 October 31 , 2007 October 31 , 2007 Budget Actual Revenue Rental Income $ 37,354. 19 $ 33,493.70 Daily Parking 500.00 781 .00 Parking leases 23833.33 0.00 Other Income 291 .67 0.00 Special Projects 958.33 0.00 Refunds (125.00) 0.00 Sales Tax Expense (166.67) (693.00) Total Revenue 41 ,645.85 33,581 .70 General Expenditures See Schedule 413909.04 37,864.63 Capital Outlay • Other Revenues (Expenditures) Interest Income - Checking 13. 17 123.74 Miscellaneous Revenue 0.00 4,088.00 Total Other Revenues (Expenditures) 13. 17 41211 .74 Excess Revenues Over Excess Revenues Over (Under) Expenditures $ (250.02) $ (71 . 19) • See Accountants' Compilation Report 8 Fayetteville Town Center • Schedule of General Expenditures One Month Ending October 31 , 2007 Month of Month of October 31 , 2007 October 31 , 2007 Budget Actual General Expenditures Salaries & Wages $ 16,367.25 $ 13,650. 18 Waqes and Salaries - Additional Expens 0.00 1 ,006.25 Payroll Taxes Expense 1 ,510.35 1 ,261 .80 Insurance and Health Benefits 1 ,294.26 11334.29 408(P) Company Match 430. 17 254.44 Commissions 2,512. 17 2,618.00 Materials and Supplies 250.00 0.00 Office Supplies/Printing 84.58 0.00 Credit Card Discounts 125.00 274.72 Bank Charges 0.00 (49.05) Postaqe 16.67 0.00 Water 736.67 836.25 Gas 1 ,387.01 56.51 Electricity 5,817.85 0.00 Cable 95.98 84.44 Security 0.00 400.00 Telephone 776.78 732. 18 • Insurance 541 .67 0.00 Taxes and Licenses . 221 .67 0.00 Linens 2,059.08 1 ,833. 14 Miscellaneous Expense 28.33 0.00 Repairs and Maintenance 4,381 .76 10,426.98 Advertisinq and Marketinq 333.33 400.00 Travel and Traininq 313.46 0.00 Depreciation Expense 1 ,666.67 1 ,666.67 Special Projects 958.33 11077.83 Total General Expenditures $ 41 ,909.04 $ 37,864.63 • See Accountants' Compilation Report 9 Fayetteville Town Center • Statement of Revenues and Expenditures Ten Months Ending October 31 t 2007 2007 Annual Year to Date 2007 2006 2007 Accumulated Totals Year to Date Year to Date Budget Budget Actual Actual Revenue Rental Income $ 448,250.29 $ 373,541 .90 $ 322,903.67 $ 357,426.23 Partnership Income 0.00 0.00 400.00 0.00 Daily Parking 6,000.00 5,000.00 6,327.50 5,618.00 Parking Leases 34,000.00 28,333.30 12,648.07 33,713.67 Other Income 3,500.00 2,916.70 315.86 1 ,407.00 Special Projects 11 ,500.00 9,583.30 3,121 .75 8,405.00 Refunds (1 ,500.00) (1 ,250.00) (285.05) (1 ,212.50) Sales Tax Expense (2,000.00) (1 ,666.70) (2,895.00) (1 ,840.00) Total Revenue 499.750.29 416.458.50 342.536.80 403,517.40 General Expenditures See Schedule 502.908.29 419.090.40 363.511 .18 369.489.34 Capital Outlay • Other Revenues (Expenditures) Interest Income - Checking 158.00 131 .70 809.57 158.19 Miscellaneous Revenue 0.00 0.00 4.111 .14 0.00 Total Other Revenues (Expenditures) 158.00 131 .70 4.920.71 158.19 Excess Revenues Over (Under) Expenditures $ (3,000.00) $ (2,500.20) $ (16,053.67) $ 34,186.25 • See Accountants' Compilation Report 10 Fayetteville Town Center • Schedule of General Expenditures Ten Months Ending October 31 , 2007 2007 Annual Year to Date 2007 2006 2007 Accumulated Total Year to Date Year to Date Budget Budget Actual Actual General Expenditures Salaries & Wages $ 196,407.00 $ 163,672.50 $ 135,397.67 $ 136,170.50 Outside Services 0.00 0.00 120.00 313.13 Wages and Salaries - Additional 0.00 0.00 4,825.25 0.00 Payroll Taxes Expense 18,124.24 15,103.50 12,776.92 12,936.48 Insurance and Health Benefits 15,531 .14 12,942.60 6,533.68 9,072.05 408(P) Company Match 5,162.00 4,301 .70 1 ,844.94 2,089.64 Commissions 30,146.00 25,121 .70 23,852.23 25,859.45 Materials and Supplies 3,000.00 2,500.00 3,837.38 2,683.09 Office Supplies/Printing 1 ,015.00 845.80 507.06 599.20 Credit Card Discounts 1 ,500.00 1 ,250.00 1 ,302.42 1 ,571 .97 Bank Charges 0.00 0.00 60.85 23.00 Office Expense 0.00 0.00 497.13 1 ,257.57 Postage 200.00 166.70 132.00 43.64 Water 8,840.00 7,366.70 6,127.78 5,938.12 Gas 16,644.10 13,870.10 71545.19 11 ,680.63 Electricity 69,814.20 58,178.50 41 ,566.42 51 ,719.58 • Cable 1 ,151 .70 959.80 759.94 831 .72 Security 0.00 0.00 400.00 0.00 Telephone 9,321 .40 71767.80 8,908.95 6,686.77 Long Distance Telephone 0.00 0.00 118.36 331 .21 Insurance 6,500.00 5,416.70 0.00 5,750.00 Taxes and Licenses 2,660.00 2,216.70 1 ,735.00 1 ,535.00 Contract Services 0.00 0.00 1 ,282.00 0.00 Linens 24,708.90 20,590.80 19,279.35 18,557.09 Miscellaneous Expense 340.00 283.30 732.01 40.00 Repairs and Maintenance 52,581 .10 430817.60 58,124.51 41 ,069.76 Advertising and Marketing 4,000.00 3,333.30 1 ,269.00 2,329.35 Other Special Projects 0.00 0.00 0.00 1 ,846.73 Travel and Training 3,761 .51 3,134.60 1 ,201 .32 0.00 Depreciation Expense 20,000.00 16,666.70 16,666.70 16,655.00 Special Projects 11 ,500.00 9.583.30 6.107.12 11 ,898.66 Total General Expenditures $ 502,908.29 $ 419,090.40 $ 363,511 .18 $ 369,489.34 • See Accountants' Compilation Report 11 Fayetteville Convention and Visitors Bureau • Statement of Revenues and Expenditures One Month Ending October 31 , 2007 October 31 , 2007 October 31 , 2007 Budget Actual Revenue Gift Shop Sales $ 0.00 $ 11423.67 Bus Tours 83.33 0.00 Partnership Income 625.00 0.00 Travel Hero 416.67 21457.22 Total Revenue 11125.00 31880.89 General Expenditures See Schedule 253401 .47 259133.79 Capital Outlay Other Revenues (Expenditures) Interest Income - Checking 25.00 39.93 Transfers from Other Funds 24,251 .48 0.00 • Total Other Revenues (Expenditures) 243276.48 39.93 Excess Revenues Over Excess Revenues Over (Under) Expenditures $ 0.01 $ (21 .212.97) II • See Accountants' Compilation Report 12 Fayetteville Convention and Visitors Bureau • Schedule of General Expenditures One Month Ending October 31 , 2007 Month of Month of October 31 , 2007 October 31 , 2007 Budget Actual General Expenditures Salaries & Wages $ 15,213.75 $ 15,325.01 Pavroll Taxes Expense 1 ,217. 10 1 , 168.35 Insurance and Health Benefits 1 ,332.97 1 ,306.25 408(P) Company Match 456.41 582.58 Materials and Supplies 416.67 0.00 Office Supplies/Printing 208.33 1 , 170.28 Software 625.00 0.00 Update Computers/Added Secretarial Ex 275.00 0.00 Credit Card Discounts 0.00 35.43 Publications & Dues 208.33 0.00 Postage 16.67 0.00 Water 0.00 90.58 Electricity 0.00 392.37 Telephone 600.00 697.30 Rent 0.00 100.00 Taxes and Licenses 39.58 0.00 Convention Development 2,083.33 2,652.52 • Repairs and Maintenance 208.33 0.00 Travel and Traininq 25On.00 1 .613. 19 Total General Expenditures $ 25.401 .47 $ 25. 133.79 See Accountants' Compilation Report 13 Fayetteville Convention and Visitors Bureau • Statement of Revenues and Expenditures Ten Months Ending October 31 , 2007 2007 Annual Year to Date 2007 2006 2007 Accumulated Totals Year to Date Year to Date Budget Budget Actual Actual Revenue Rental Income $ 0.00 $ 0.00 $ 1 ,212.50 $ 0.00 Gift Shop Sales 0.00 0.00 1 ,489.22 0.00 Bus Tours 1 ,000.00 833.30 0.00 1 ,173.37 Partnership Income 7,500.00 6,250.00 7,900.00 6,345.42 Special Projects - Sponsorships 0.00 0.00 0.00 210.00 Travel Hero 5,000.00 4,166.70 3,453.85 0.00 Other Income 0.00 0.00 53.11 0.00 Total Revenue 13.500.00 11 .250.00 14.108.68 7.728.79 General Expenditures See Schedule 304.817.77 254,014.70 255.634.94 182.771 .21 Capital Outlay Other Revenues (Expenditures) • Interest Income - Checking 300.00 250.00 720.90 263.87 Transfers from Other Funds 291 ,017.77 242,514.60 200,000.00 240,000.00 Miscellaneous Revenue 0.00 0.00 133.90 0.00 Total Other Revenues (Expenditures) 291 .317.77 242.764.80 200.854.80 240.263.87 Excess Revenues Over (Under) Expenditures $ 0.00 $ 0.10 $ (40,671 .46) $ 65,221 .45 • See Accountants' Compilation Report 14 Fayetteville Convention and Visitors Bureau • Schedule of General Expenditures Ten Months Ending October 31 , 2007 2007 Annual Year to Date ' 2007 2006 2007 Accumulated Total Year to Date Year to Date Budget Budget Actual Actual General Expenditures Salaries & Wages $ 182,565.00 $ 152,137.50 $ 141 ,817.51 $ 96,058.23 Payroll Taxes Expense 14,605.20 12,171 .00 11 ,222.34 7,633.56 Insurance and Health Benefits 15,995.62 13,329.70 13,551 .19 11 ,566.44 408(P) Company Match 5,476.95 4,564.10 3,328.60 2,584.93 Materials and Supplies 5,000.00 4,166.70 895.40 702.25 Office Supplies/Printing 2,500.00 2,083.30 6,257.68 1 ,328.39 Software 7,500.00 6,250.00 5,014.52 5,500.00 Update Computers/Added Secret 3,300.00 2,750.00 696.47 1 ,097.00 Credit Card Discounts 0.00 0.00 317.91 1 .75 Bank Charges 0.00 0.00 33.50 0.00 Office Expense 0.00 0.00 0.00 1 ,967.73 Publications & Dues 2,500.00 2,083.30 997.00 2,624.00 Postage 200.00 166.70 0.00 132.00 Water 0.00 0.00 401 .50 0.00 Electricity 0.00 0.00 3,696.07 0.00 Telephone 7,200.00 61000.00 5,422.41 3,632.21 • Rent 0.00 0.00 24,700.00 71752.00 Taxes and Licenses 475.00 395.80 298.33 283.50 Convention Development 25,000.00 20,833.30 14,750.32 13,299.14 Repairs and Maintenance 2,500.00 2,083.30 383.61 0.00 Travel and Training 30,000.00 25,000.00 21 ,650.38 26,134.18 Special Projects 0.00 0.00 0.00 473.90 Total General Expenditures $ 304,817.77 $ 254,014.70 $ 255,634.94 $ 182,771 .21 • See Accountants' Compilation Report 15 Clinton House Museum • Statement of Revenues and Expenditures One Month Ending October 31 , 2007 October 31 , 2007 October 31 , 2007 Budget Actual Revenue Admission Revenue $ 625.00 $ 892. 17 Special Events 52.08 0.00 Gift Shop Sales 208.33 683. 12 Sales Tax Expense 50.00 (320.00) Gross Revenue 935.41 1 ,255.29 Less Cost of Goods Sold 0.00 (312.64) Total Revenue 835.41 942.65 General Expenditures See Schedule 4,654.00 3,499.83 Capital Outlay • Other Revenues (Expenditures) Interest Income - Checking 6.25 27. 16 Transfers from Other Funds 31808.58 22,000.00 Total Other Revenues (Expenditures) 3,814.83 22,027. 16 Excess Revenues Over Excess Revenues Over (Under) Expenditures $ (3.76) $ 19,469.98 • See Accountants' Compilation Report 16 Clinton House Museum • Schedule of General Expenditures One Month Ending October 31 , 2007 Month of Month of October 31 , 2007 October 31 , 2007 Budget Actual General Expenditures Salaries & Wages $ 2,625.00 $ 5,000.00 Pavroll Taxes Expense 208.33 (2,308.74) Insurance and Health Benefits 250.00 260.01 408(P) Company Match 78.75 75.00 Materials and Supplies 83.33 44.04 Credit Card Discounts 20.00 42.20 Water 44.75 35.25 Gas 71 .67 26.42 Electricity 76.50 73.00 Security 25.00 21 .85 Telephone 129.00 125.80 Rent 1 ,000.00 0.00 Maintenance/Lawn Service 0.00 105.00 Other Special Proiects 41 67 n nn Total General Expenditures $ 4,654.00 $ 3.499.83 • w See Accountants' Compilation Report 17 Clinton House Museum • Statement of Revenues and Expenditures Ten Months Ending October 31 , 2007 2007 Annual Year to Date 2007 2006 2007 Accumulated Totals Year to Date Year to Date Budget Budget Actual Actual Revenue Admission Revenue $ 7,500.00 $ 6,250.00 $ 5,864.53 $ 3,753.00 Special Events 625.00 520.80 650.00 625.00 Gift Shop Sales 2,500.00 2,063.30 3,954.76 1 ,965.44 Other Income 0.00 0.00 350.00 100.00 Sales Tax Expense (600.00) (500.00) (873.00) -392.00 Gross Revenue 10,025.00 6,354.10 9,946.29 6,051 .44 Less Cost of Goods Sold 0.00 0.00 (1 .903.891 (901 .59) Total Revenue 10.025.00 8.354.10 8.042.40 5,149.85 General Expenditures See Schedule 55.848.00 46.540.00 47.187.02 50.551 .67 Capital Outlay • Other Revenues (Expenditures) Interest Income - Checking 75.00 62.50 271 .92 77.59 Transfers from Other Funds 45.703.00 38.085.80 45.000.00 20.000.00 Total Other Revenues (Expenditures) 45,778.00 38.148.30 45,271 .92 20.077.59 Excess Revenues Over (Under) Expenditures $ (45.00) $ (37.60) $ 6,127.30 $ (25,324.23) • See Accountants' Compilation Report 18 Clinton House Museum • Schedule of General Expenditures Ten Months Ending October 31 , 2007 2007 Annual Year to Date 2007 2006 2007 Accumulated Total Year to Date Year to Date Budget Budget Actual Actual General Expenditures Salaries & Wages $ 31 ,500.00 $ 26,250.00 $ 24,788.24 $ 24,884.64 Payroll Taxes Expense 21500.00 2,083.30 2,008.90 1 ,993.77 Insurance and Health Benefits 3,000.00 2,500.00 1 ,407.01 2,410.60 408(P) Company Match 945.00 787.50 167.50 225.00 Materials and Supplies 1 ,000.00 833.30 717.75 2,496.34 Credit Card Discounts 240.00 200.00 247.93 73.15 Bank Charges 0.00 0.00 7.00 0.00 Publications & Dues 0.00 0.00 50.00 0.00 Water 537.00 447.50 370.60 407.30 Gas 860.00 716.70 896.87 616.28 Electricity 918.00 765.00 880.57 689.65 Security 300.00 250.00 218.40 218.00 Telephone 1 ,548.00 1 ,290.00 1 ,257.67 1 ,144.20 Rent 12,000.00 10,000.00 12,000.00 12,000.00 Miscellaneous Expense 0.00 0.00 0.00 196.72 Repairs and Maintenance 0.00 0.00 174.40 492.57 • Maintenance/Lawn Service 0.00 0.00 410.00 0.00 Advertising and Marketing 0.00 0.00 0.00 2,701 .45 Other Special Projects 500.00 416.70 1 ,249.56 0.00 Travel and Training 0.00 0.00 314.62 0.00 Total General Expenditures $ 55.848.00 $ 46,540.00 $ 47,187.02 $ 50,551 .67 • it See Accountants' Compilation Repon 19