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2016-10-17 - Agendas - Final
ADVERTISING AND PROMOTION COMMISSION October 17, 2016 2:OOpm Location: Fayetteville Town Center, Director's Room 15 West Mountain Street, Fayetteville, Arkansas Members: Matthew Petty, Chairman; Matt Behrend; Tim Freeman; Adella Gray; Ching Mong; Robert Rhoads; Hannah Withers A. Call to Order at 2:OOpm B. Old Business 1. Approval of September 2016 Minutes. C. New Business 1. Amendment to the bylaws with regard to procurement procedures. The amendment clarifies procedures in consideration of the differences between municipalities and Advertising and Promotion Commissions. This item will be presented and then tabled until the subsequent meeting in accordance with rules governing our bylaws. 2. Marketing Presentation from Mike Sells, Sells Agency. 3. Clinton House Museum Update, Angie Albright, Clinton House Museum Director 4. Executive Director's Report. i. Convention and Town Center activity: tours, meetings and events ii. Progress on Walker Stone House iii. Recap of media coverage 5. Discussion of Fall A&P grant applications. i. Questions and clarifications should be presented to the Executive Director no later than October 31. ii. Voting on Director's recommendations to occur at November meeting D. Announcements 1. October 25th: Director's welcome reception at the Town Center 2. October 27th Clinton House Museum open house E. Agenda Additions An item may be added to the agenda with a consensus of the majority of the Commission. 6,'J�rganization Project Requested Amount AR Air and Military Museum Marketing Support $10,000.00 Arkansas Brewgrass Festival Arkansas Brewgrass Festival $15,000.00 Arkansas Comedy Collective, LLC Huge Lightning Comedy Festival $5,000.00 Art Feeds Mural Park $25,805.00 Artist's Laboratory Theatre Marketing Support $10,953.00 'Bike Fayetteville and City Sustainability Department National Bike Month $4,500.00' Botanical Garden of the Ozarks Marketing Support $18,295.00 'Cattywampus Co-op Cattywampus Wonderland $21,000.00' Comedians Northwest Arkansas/Susu Productions, LLC National Comedy Shows $3,600.00 ,Community Creative Center Marketing Support $10,000.00, Equestrian Bridges Annual events $23,840.00 Fayetteville Art Alliance, d.b.a. Fayetteville Underground 2017 marketing support&Sense of Place Project $18,700.00 Fayetteville Evergreen Cemetary Association Archibald Yell Monument $19,000.00 Fayetteville High School Lady Dawg Softball Complex $55,000.00 Fayetteville Parks & Rec Ladies Du Fayetteville $4,000.00 ,Fayetteville Public Schools Bulldog Classic(basketball) $10,000.00 Fossil Cove Brewing Frost Fest $15,000.00 Habitat for Humanity Washco Springfest $10,000.00 Idle Class Magazine Black Apple Showcase $7,500.00 Inverse Performance Arts Festival Inverse Performance Arts Festival $15,950.00 Joe Martin Stage Race Joe Martin Stage Race &Grand Fondo $35,000.00 Magdalene Serenity House Krueger Brothers Benefit Concert $7,500.00 Matt Miller Mural $15,000.00 'Northwest Arkansas Juggling Festival Northwest Arkansas Juggling Festival $2,370.00 Northwest Creative Arts Network Spring Season at Stage Eighteen $5,210.00 I NWA Musicians Connection Song Writer Circles $10,000.00 Ozark Literacy Read Across NWA $10,000.00 Ozark Mixology and Arts Festival Ozark Mixology and Arts Festival $15,000.00 SONA Season marketing support $10,000.00 Theatre Squared Season marketing support $20,000.00 TEMP Series Project& UU Fellowship Fayetteville Artists in Residence (FAIR) Project $14,600.00 The Art Experience Puppets in the Park $25,000.00 UA Graduate Thesis Project Virtual Fayetteville $4,954.06 UA Recreation Region 4 flag football tournament $1,000.00 UAMS ICARE Conference $3,100.00 Walton Arts Center Artosphere $20,000.00 $501,877.06 The total amount collected during the month of September was$275,663.33. This total includes previous month tax amounts that were received in September. Please remember that the amount listed represents only 1/2 of the total revenue generated. For August taxes collected in September-the Hotel/Motel collections were$34,705.03. The restaurant collections for August collected in September were$240,958.30. Thanks! Deborah Smallwood Revenue Accountant City of Fayetteville,Arkansas 113 W Mountain St Fayetteville,AR 72701 P:479.575-8287 F:479-575-8273 Website I Facebook I Twitter YouTube CITY OF 1�yA leARK WWW.fayettewi I Ie-a F.g law City of Fayetteville, Arkansas Monthly HMR Tax Collections 2012-2016 2012 2013 2013 2014 2014 2015 2015 2016 2016 Total Total Change Over Total Change Over Total Change Over Total Change Over HMR Taxes HMR Taxes Prior Year HMR Taxes Prior Year HMR Taxes Prior Year HMR Taxes Prior Year January 205,939 211,138 2.52% 202,477 -4.10% 236,849 16.98% 265,115 11.93% February 178,289 187,562 5.20% 203,022 8.24% 219,436 8.09% 233,583 6.45% March 201,015 213,526 6.22% 213,212 -0.01% 233,277 9.41% 260,155 11.52% April 217,840 228,865 5.06% 230,939 0.01% 258,307 11.85% 277,718 7.51% May 203,966 228,289 11.93% 236,098 3.42% 258,362 9.43% 292,083 13.05% June 222,062 218,829 -1.45% 243,770 11.40% 264,979 8.70% 278,988 5.29% July 214,750 227,971 5.79% 230,624 1.20% 259,215 12.40% 272,112 4.98% August 202,624 206,873 2.10% 215,802 4.32% 240,916 11.64% 256,525 6.48% September 215,653 226,103 4.85% 233,695 3.36% 259,534 11.06% 275,663 6.21% October 241,017 243,129 0.01% 258,857 6.47% 278,956 7.76% November 210,335 231,456 10.04% 252,717 9.19% 281,318 11.32% December 208,518 210,064 0.74% 236,549 12.60% 261,072 10.37% Total $ 2,522,008 2,633,805 4.43% 2,757,761 4.70% 3,052,221 10.68% 2,411,942 8.12% Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 CONSOLIDATED A&P COMMISSION First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Revenue 40000•Hotel,Motel,Restaurant Taxes 740,102 740,108 670,127 848,382 848,386 780,162 774,115 803,905 758,230 2,392,400 2,208,519 40200•PY Hotel,Motel,Restaurant Tax 18,665 18,744 19,436 480 403 1,486 956 397 1,435 1 19,543 22,356 40600•Rental Income 112,688 88,245 102,585 112,687 123,060 138,527 115,947 126,535 76,902 337,840 315,714 40601-Incidentals 13,749 13,421 11,151 13,749 18,058 15,227 13,749 31,332 8,426 62,812 34,803 40602-Alcohol Sales 8,750 6,938 3,535 8,750 8,767 25,492 8,747 17,270 12,698 32,975 41,725 40700.1st Thursday Income 3,625 9,535 1,076 10,875 11,599 15,183 12,105 5,395 736 26,529 16,996 40800•Other Income 2,055 3,005 1,224 2,055 2,069 602 1,755 1,003 10,512 6,076 12,338 41000-Parking Revenue 3,000 2,336 750 3,000 1,607 4,156 3,000 2,528 3,732 6,471 7,888 41001 •Parking Lease 4,500 0 0 4,500 3,954 5,148 4,500 5,459 4,108 9,413 10,007 41200•Gift Shop Sales 1,500 826 1,097 1,500 1,374 1,751 1,500 1,752 2,092 3,951 4,940 41300•Visitor Store 6,249 3,433 3,814 6,249 5,268 8,973 6,249 7,228 7,646 15,929 20,433 41400-Partership Income 0 0 300 0 0 900 0 0 450 0 1,650 41600•Admission Revenue 4,668 4,082 2,023 4,668 5,585 5,289 5,112 7,524 6,096 17,191 13,408 41700•Health Reimbursement 0 0 1,389 0 0 0 0 0 0 0 1,389 42000•Special Projects 4,965 993 4,093 4,965 1,689 2,070 5,750 16,787 3,121 19,469 9,283 42005•Security Income 0 0 0 0 0 0 0 0 0 0 0 42600•Interest Income Investments 3,000 3,591 3,616 3,000 3,577 3,194 3,000 3,533 2,816 10,701 9,627 42610•Unrealized Gain I Loss 0 0 0 0 0 0 0 300 0 300 0 42800-Interest Income Checking 829 990 573 828 926 705 926 1,074 861 2,991 2,140 42900•Visitor Guide Ad Income 14,300 14,300 0 7,200 7,200 0 0 0 0 21,500 0 43200•LOTO Income 0 0 0 700 700 700 1,950 350 375 1,050 1,075 98001-Transfer from Reserves 0 0 0 0 0 0 11,916 0 0 750,000 98000-Transfer from A&P 153,050 0 0 175,664 750,000 0 144,586 0 0 0 0 Total Revenue 1,095,695 910,547 826,789 1,209,252 1,794,222 1,009,565 1,115,863 1,032,372 900,236 3,737,141 2,734,291 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 178 0 0 492 0 0 (592) (3,365) 78 (3,365) 50001-CVB Store-COGS 0 1,087 71 0 161 581 0 (2,476) 2,817 (1,227) 3,469 Total Cost of Goods Sold 0 1,265 71 0 653 581 0 (3,068) (548) (1,149) 104 Gross Profit 1,095,695 909,282 826,718 1,209,252 1,793,569 1,008,984 1,115,863 1,035,440 900,784 3,738,290 2,734,187 Page 1 of 3 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 CONSOLIDATED A&P COMMISSION First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Expenditures 61000•Signage-Tourism 3,000 999 642 3,000 867 1,605 3,000 6,584 4,870 8,450 7,117 61500•Credit Card Fees 2,457 1,718 1,469 2,458 1,497 2,344 2,544 2,146 2,653 5,361 6,465 62500•Advertising&Marketing 292,500 292,295 87,996 250,000 241,141 129,457 167,501 172,144 300,725 705,579 518,178 62600-Printing/Brochures 37,500 11,056 10,408 37,500 0 7,283 37,500 329 36,845 11,384 54,535 62700•Website Update 1,500 1,500 1,500 1,500 1,500 2,335 1,500 1,500 1,250 4,500 5,085 63000•Accounting&Legal Fees 1,814 1,814 0 3,783 3,783 1,945 3,831 3,831 0 9,428 1,945 63100•Audit Expense 0 0 0 9,750 9,700 9,100 0 0 0 9,700 9,100 64000•Office Expense 6,901 5,188 3,573 6,899 5,996 5,252 7,263 4,325 4,332 15,510 13,156 64100•Visitor Store Expense 3,750 554 2,476 3,750 1,629 1,756 3,750 7,916 6,792 10,098 11,024 64150-Clinton House Gift Shop 947 (62) 342 951 0 1,734 951 1,221 262 1,159 2,338 64155-Exhibits 0 0 0 0 0 0 0 0 0 0 0 64500•Insurance-Building 0 0 0 0 0 0 16,000 15,518 9,775 15,518 9,775 64501-Insurance-Workers Comp 0 0 0 0 0 0 0 1,521 0 1,521 0 64502-Insurance-D&O 0 0 0 0 1,991 1,991 1,991 0 0 1,991 1,991 65000•Insurance&Health Benefits 25,282 22,436 29,853 24,603 21,756 22,046 20,515 19,297 22,010 63,487 73,908 65501 -Simple IRA Match 3,081 3,519 3,649 3,111 2,990 3,396 2,651 2,164 3,688 8,673 10,733 66000•Car Allowance 900 900 1,350 900 900 900 600 600 900 2,400 3,150 66500•Telephone Expense/Internet 3,390 2,455 3,909 3,385 3,927 4,143 3,385 3,488 5,580 9,871 13,632 67000•Postage&Shipping Expense 7,500 7,318 2,147 7,500 5,818 8,137 7,500 5,210 4,614 18,346 14,900 67100•Tracking Software 6,449 6,592 3,047 7,749 10,392 7,009 6,419 4,828 1,491 21,812 11,547 68100•Rent 3,000 3,000 12,000 3,000 3,000 0 3,000 3,000 0 9,000 12,000 68400•Maintenance/Lawn 1,000 0 0 3,000 2,821 498 3,000 4,839 6,128 7,659 6,626 68500•Repairs&Maintenance Expense 47,074 31,887 22,426 39,574 27,289 28,924 39,124 39,857 48,561 99,033 99,911 68600•Peace Fountain Maintenance 750 633 0 750 577 4,253 750 1,033 8,986 2,243 8,986 68700-Linens 6,635 7,040 6,464 8,500 7,102 0 6,100 6,387 8,266 20,529 18,983 69500•Publication&Dues 11,720 11,998 11,049 1,120 134 1,218 5,225 5,459 401 17,591 12,668 70000•Travel/Training Expense 23,130 22,979 24,192 21,780 17,026 9,136 18,945 6,098 17,068 46,537 50,396 70500•Taxes&Licenses 2,803 2,349 1,302 6,453 3,917 6,941 8,427 12,743 5,760 19,009 14,003 71000-Collections Expense 15,750 15,177 13,791 15,750 16,976 15,633 15,750 16,086 15,193 48,239 44,617 72000•Payroll Tax Expense 11,971 12,510 13,395 11,741 11,469 11,157 11,086 10,124 11,915 34,102 36,466 Page 2 of 3 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 CONSOLIDATED A&P COMMISSION First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Expenditures(cont.) 72500•Depreciation Expense 0 0 0 0 0 0 0 0 0 0 0 73000•Convention Development 20,775 18,065 25,712 13,351 12,039 10,271 13,351 16,481 13,046 46,151 49,029 76500•Contract Labor 14,551 14,547 13,543 18,871 18,864 15,670 100,789 101,651 16,722 135,062 45,934 77500•Wages Expense 147,549 150,838 156,622 149,195 145,579 140,997 134,429 128,705 152,003 425,122 449,624 77600-Relocation Expense 0 0 5,000 0 0 0 0 6,365 0 6,365 5,000 78000•Electric Utilities 17,194 13,713 15,445 16,589 15,713 16,546 17,102 21,439 23,555 50,866 55,545 78100-Gas Utility 5,679 5,681 8,883 1,259 1,254 2,089 472 486 1,076 7,420 12,046 78200•Water Utilitiy 2,428 2,425 1,970 3,197 3,137 2,305 3,669 3,755 2,970 9,316 7,245 78500•Security 636 636 666 306 306 306 546 546 666 1,488 1,638 78600•Airport Advertising 1,355 375 1,125 2,940 3,922 3,000 2,950 2,941 2,250 7,238 6,375 78700-Minor Equipment 15,848 6,109 75,244 13,473 2,932 8,228 13,498 9,934 12,056 18,974 95,529 78800•Airport Info Booth 1,200 800 1,200 1,200 1,600 800 1,200 800 800 3,200 2,800 89000•Other Expense 0 0 0 0 0 0 4,000 0 0 0 0 92000•Purchase Walker-Stone House 0 0 0 0 748,363 0 748,363 0 0 748,363 0 94300•LOTO Special Project 0 0 65 186 8,212 0 22,965 14,940 4,450 23,152 4,515 95000•Misc.Special Projects-Other 30,137 30,271 26,255 58,765 58,486 70,953 65,637 65,790 49,431 154,548 146,498 95010•1st Thursday 6,400 6,416 1,250 9,635 8,575 9,564 6,775 8,398 6,548 23,390 17,363 95026-Incidental Expenses 0 0 5,150 0 0 3,637 0 0 0 0 8,786 95027-Alcohol&Bar Supply Purchases 3,750 928 3,871 3,750 4,670 14,741 3,750 13,316 12,055 18,914 30,667 95028-Public Arts Program 0 0 0 0 0 0 0 0 0 0 0 95050-Clinton Activities 75 0 114 75 24 78 205 202 0 225 332 96000-Annual Improvements 3,681 0 0 41,495 38,805 0 11,425 0 0 38,805 0 96500-Special Funding 0 0 0 0 0 0 0 0 0 0 0 97000-Bond Payments-Town Center 174,558 174,557 186,639 174,558 174,557 186,639 174,558 174,557 186,639 523,671 559,917 99000-Transfer Out 168,764 0 0 971,900 0 0 0 0 0 0 0 Total Expenditures 1,135,384 891,216 785,734 1,959,252 1,651,236 774,017 1,723,992 928,554 1,012,332 3,471,000 2,572,078 Excess of Revenues Over/(Under)Expenditures (39,689) 18,066 40,984 (750,000) 142,333 234,967 1 (608,129) 106,886 1 (111,548) 267,290 1 162,109 Page 3 of 3 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 FAYETTEVILLE A&P First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Revenue 40000•Hotel,Motel,Restaurant Taxes 740,102 740,108 670,127 848,382 848,386 780,162 774,115 803,905 758,230 2,392,400 2,208,519 40200•PY Hotel,Motel,Restaurant Tax 18,665 18,744 19,436 480 403 1,486 956 397 1 1,435 19,543 22,356 40600•Rental Income 0 0 0 0 0 0 3,259 3,259 0 3,259 0 40601-Incidentals 0 0 0 0 0 0 0 0 0 0 0 40602-Alcohol Sales 0 0 0 0 0 0 0 0 0 0 0 40700•1st Thursday Income 0 0 0 0 0 0 0 0 0 0 0 40800•Other Income 1,350 1,350 360 1,350 1,350 0 750 750 10,252 3,450 10,612 41000-Parking Revenue 0 0 0 0 0 0 0 0 0 0 0 41001 •Parking Lease 0 0 0 0 0 0 0 0 0 0 0 41200•Gift Shop Sales 0 0 0 0 0 0 0 0 0 0 0 41300•Visitor Store 0 0 0 0 0 0 0 0 0 0 0 41400-Partership Income 0 0 0 0 0 0 0 0 0 0 0 41600•Admission Revenue 0 0 0 0 0 0 0 0 0 0 0 41700•Health Reimbursement 0 0 1,389 0 0 0 0 0 0 0 1,389 42000•Special Projects 0 0 0 0 0 0 0 0 0 0 0 42005•Security Income 0 0 0 0 0 0 0 0 0 0 0 42600•Interest Income Investments 3,000 3,591 3,616 3,000 3,577 3,194 3,000 3,533 2,816 10,701 9,627 42610•Unrealized Gain I Loss 0 0 0 0 0 0 0 300 0 300 0 42800-Interest Income Checking 313 406 262 312 385 314 409 525 355 1,317 931 42900•Visitor Guide Ad Income 14,300 14,300 0 7,200 7,200 0 0 0 0 21,500 0 43200•LOTO Income 0 0 0 700 700 700 350 350 350 1,050 1,050 98001-Transfer from Reserves 39,689 750,000 11,916 0 0 0 0 98000-Transfer from A&P 0 0 0 0 750,000 0 0 0 0 750,000 0 Total Revenue 817,419 778,499 695,190 1,611,424 1,612,001 785,856 794,755 813,019 773,438 3,203,520 2,254,484 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 0 0 0 0 0 0 0 0 0 50001-CVB Store-COGS 0 0 0 0 0 0 0 0 0 0 0 Total Cost of Goods Sold 0 0 0 0 0 0 0 0 0 0 0 Gross Profit 817,419 778,499 695,190 1,611,424 1,612,001 785,856 794,755 813,019 773,438 3,203,520 2,254,484 Pagel of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 FAYETTEVILLE A&P First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Expenditures 61000•Signage-Tourism 3,000 999 642 3,000 867 1,538 3,000 6,584 4,870 8,450 7,050 61500•Credit Card Fees 0 0 0 0 0 0 0 0 0 0 0 62500•Advertising&Marketing 290,000 291,823 87,592 247,500 240,702 129,144 165,000 167,753 299,681 700,278 516,417 62600-Printing/Brochures 37,500 11,056 10,408 37,500 0 6,797 37,500 329 36,845 11,384 54,049 62700•Website Update 1,500 1,500 1,500 1,500 1,500 2,335 1,500 1,500 1,250 4,500 5,085 63000•Accounting&Legal Fees 1,814 1,814 0 3,783 3,783 1,945 3,831 3,831 0 9,428 1,945 63100•Audit Expense 0 0 0 9,750 9,700 9,100 0 0 0 9,700 9,100 64000•Office Expense 1,064 644 860 1,062 586 429 1,062 706 612 1,936 1,900 64100•Visitor Store Expense 0 0 0 0 0 0 0 0 0 0 0 64150-Clinton House Gift Shop 0 0 0 0 0 0 0 0 0 0 0 64155-Exhibits 0 0 0 0 0 0 0 0 0 0 0 64500•Insurance-Building 0 0 0 0 0 0 16,000 15,518 9,775 15,518 9,775 64501-Insurance-Workers Comp 0 0 0 0 0 0 0 1,521 0 1,521 0 64502-Insurance-D&O 0 0 0 0 1,991 1,991 1,991 0 0 1,991 1,991 65000•Insurance&Health Benefits 2,070 2,040 2,754 2,070 2,040 2,004 690 592 1,647 4,671 6,405 65501 -Simple IRA Match 336 665 459 527 636 443 227 227 665 1,527 1,567 66000•Car Allowance 900 900 1,350 900 900 900 600 600 900 2,400 3,150 66500•Telephone Expense/Internet 0 0 0 0 0 0 0 0 0 0 0 67000•Postage&Shipping Expense 7,500 7,318 2,065 7,500 5,818 8,137 7,500 5,208 4,599 18,344 14,802 67100•Tracking Software 200 242 155 200 120 148 170 120 186 482 489 68100•Rent 0 0 0 0 0 0 0 0 0 0 0 68400•Maintenance/Lawn 0 0 0 0 0 0 0 0 0 0 0 68500•Repairs&Maintenance Expense 18,750 4,800 1,140 18,750 10,344 9,514 18,750 13,168 24,713 28,313 35,367 68600•Peace Fountain Maintenance 750 633 0 750 577 0 750 1,033 8,986 2,243 8,986 68700-Linens 0 0 0 0 0 0 0 0 0 0 0 69500•Publication&Dues 11,000 11,353 10,429 1,070 84 1,218 475 409 401 11,846 12,048 70000•Travel/Training Expense 2,105 2,105 566 1,825 1,822 1,244 75 70 1,863 3,997 3,673 70500•Taxes&Licenses 0 0 225 0 0 0 750 1,991 1,037 1,991 1,262 71000-Collections Expense 15,750 15,177 13,791 15,750 16,976 15,633 15,750 16,086 15,193 48,239 44,617 72000•Payroll Tax Expense 2,725 2,727 3,726 2,495 2,495 2,588 1,840 1,830 2,519 7,052 8,833 Page 2 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 FAYETTEVILLE A&P First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Expenditures(cont.) 0 0 0 72500•Depreciation Expense 0 0 0 0 0 0 0 0 0 0 73000•Convention Development 625 751 1,594 625 326 0 625 279 760 1,356 2,354 76500•Contract Labor 1,042 1,041 0 4,234 4,234 0 84,616 84,616 0 89,891 0 77500•Wages Expense 32,670 32,673 43,258 30,980 30,983 32,794 22,430 22,404 32,031 86,061 108,083 77600-Relocation Expense 0 0 5,000 0 0 0 0 6,365 0 6,365 5,000 78000•Electric Utilities 0 0 0 0 0 0 0 0 0 0 0 78100-Gas Utility 0 0 0 0 0 0 0 25 0 25 0 78200•Water Utilitiy 0 0 0 0 0 0 0 0 0 0 0 78500•Security 0 0 0 0 0 0 0 0 0 0 0 78600•Airport Advertising 1,355 375 1,125 2,940 3,922 3,000 2,950 2,941 2,250 7,238 6,375 78700-Minor Equipment 12,498 3,068 74,447 12,498 2,439 5,800 12,498 9,412 11,209 14,919 91,456 78800•Airport Info Booth 1,200 800 1,200 1,200 1,600 800 1,200 800 800 3,200 2,800 89000•Other Expense 0 0 0 0 0 0 0 0 0 0 0 92000•Purchase Walker-Stone House 0 0 0 0 748,363 0 748,363 0 0 748,363 0 94300•LOTO Special Project 0 0 65 186 187 0 14,940 14,940 0 15,127 65 95000•Misc.Special Projects-Other 27,743 27,743 24,586 56,371 56,371 63,379 63,243 63,243 44,378 147,357 132,343 95010•1st Thursday 0 0 0 0 0 0 0 0 0 0 0 95026-Incidental Expenses 0 0 0 0 0 0 0 0 0 0 0 95027-Alcohol&Bar Supply Purchases 0 0 0 0 0 0 0 0 0 0 0 95028-Public Arts Program 0 0 0 0 0 0 0 0 0 0 0 95050-Clinton Activities 0 0 0 0 0 0 0 0 0 0 0 96000-Annual Improvements 0 0 0 0 0 0 0 0 0 0 0 96500-Special Funding 0 0 0 0 0 0 0 0 0 0 0 97000-Bond Payments-Town Center 174,558 174,557 186,639 174,558 174,557 186,639 174,558 174,557 186,639 523,671 559,917 99000-Transfer Out 168,764 0 160,000 971,900 150,000 0 (608,129) 227,832 155,000 377,832 315,000 Total Expenditures 817,419 596,804 635,576 1,611,424 1,473,923 487,520 794,755 846,490 848,809 2,917,216 1,971,904 Excess of Revenues Over/(Under)Expenditures 0 181,695 59,614 0 138,078 298,336 0 (33,471) (75,371) 286,304 282,580 Page 3 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 CLINTON HOUSE First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Revenue 40000•Hotel,Motel,Restaurant Taxes 0 0 0 0 0 0 0 0 0 0 0 40200•PY Hotel,Motel,Restaurant Tax 0 0 0 0 0 0 0 0 0 1 0 0 40600•Rental Income 188 325 0 187 230 400 188 0 150 555 550 40601-Incidentals 0 0 0 0 0 0 0 0 0 0 0 40602-Alcohol Sales 0 0 0 0 0 0 0 0 0 0 0 40700•1st Thursday Income 0 0 0 0 0 0 0 0 0 0 0 40800.Other Income 375 471 0 375 219 50 375 209 100 898 150 41000-Parking Revenue 0 0 0 0 0 0 0 0 0 0 0 41001 •Parking Lease 0 0 0 0 0 0 0 0 0 0 0 41200•Gift Shop Sales 1,500 826 1,097 1,500 1,374 1,751 1,500 1,752 2,092 3,951 4,940 41300•Visitor Store 0 0 0 0 0 0 0 0 0 0 0 41400-Partership Income 0 0 0 0 0 0 0 0 0 0 0 41600•Admission Revenue 4,668 4,082 2,023 4,668 5,585 5,289 5,112 7,524 6,096 17,191 13,408 41700•Health Reimbursement 0 0 0 0 0 0 0 0 0 0 0 42000•Special Projects 0 0 0 0 0 175 0 0 0 0 175 42005•Security Income 0 0 0 0 0 0 0 0 0 0 0 42600•Interest Income Investments 0 0 0 0 0 0 0 0 0 0 0 42610•Unrealized Gain I Loss 0 0 0 0 0 0 0 0 0 0 0 42800-Interest Income Checking 30 33 16 30 32 13 31 48 30 113 60 42900•Visitor Guide Ad Income 0 0 0 0 0 0 0 0 0 0 0 43200•LOTO Income 0 0 0 0 0 0 0 0 0 0 0 98001-Transfer from Reserves 0 0 0 0 0 0 0 0 0 98000-Transfer from A&P 18,018 0 25,000 17,426 15,000 0 18,266 30,649 25,000 45,649 50,000 Total Revenue 24,779 5,737 28,136 24,186 22,440 7,678 25,472 40,182 33,468 68,357 69,283 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 178 0 0 492 0 0 (592) (3,365) 78 (3,365) 50001-CVB Store-COGS 0 0 0 0 0 0 0 0 0 0 0 Total Cost of Goods Sold 0 178 0 0 492 0 0 (592) (3,365) 78 (3,365) Gross Profit 24,779 5,559 28,136 24,186 21,948 7,678 25,472 40,774 36,833 68,279 72,648 Page 4 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 CLINTON HOUSE First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Expenditures 61000•Signage-Tourism 0 0 0 0 0 0 0 0 0 0 0 61500•Credit Card Fees 287 155 100 288 260 276 374 185 220 600 596 62500•Advertising&Marketing 0 0 0 0 0 0 0 0 0 0 0 62600-Printing/Brochures 0 0 0 0 0 0 0 0 0 0 0 62700•Website Update 0 0 0 0 0 0 0 0 0 0 0 63000•Accounting&Legal Fees 0 0 0 0 0 0 0 0 0 0 0 63100•Audit Expense 0 0 0 0 0 0 0 0 0 0 0 64000•Office Expense 887 703 519 888 673 701 1,250 347 140 1,723 1,360 64100•Visitor Store Expense 0 0 0 0 0 0 0 0 0 0 0 64150-Clinton House Gift Shop 947 (62) 342 951 0 1,734 951 1,221 262 1,159 2,338 64155-Exhibits 0 0 0 0 0 0 0 0 0 0 0 64500•Insurance-Building 0 0 0 0 0 0 0 0 0 0 0 64501-Insurance-Workers Comp 0 0 0 0 0 0 0 0 0 0 0 64502-Insurance-D&O 0 0 0 0 0 0 0 0 0 0 0 65000•Insurance&Health Benefits 2,040 2,040 2,004 1,360 1,360 2,004 0 (88) 1,867 3,311 5,875 65501 -Simple IRA Match 321 321 307 160 156 307 0 0 307 478 922 66000•Car Allowance 0 0 0 0 0 0 0 0 0 0 0 66500•Telephone Expense/Internet 390 381 341 390 398 349 400 432 400 1,211 1,090 67000•Postage&Shipping Expense 0 0 0 0 0 0 0 0 0 0 0 67100•Tracking Software 0 0 0 0 0 0 0 0 0 0 0 68100•Rent 3,000 3,000 12,000 3,000 3,000 0 3,000 3,000 0 9,000 12,000 68400•Maintenance/Lawn 1,000 0 0 3,000 2,821 498 3,000 4,839 6,128 7,659 6,626 68500•Repairs&Maintenance Expense 450 192 65 450 572 85 500 483 442 1,247 592 68600•Peace Fountain Maintenance 0 0 0 0 0 0 0 0 0 0 0 68700-Linens 0 0 0 0 0 0 0 0 0 0 0 69500•Publication&Dues 220 220 210 0 0 0 0 0 0 220 210 70000•Travel/Training Expense 1,000 125 419 0 643 628 1,000 0 38 768 1,085 70500•Taxes&Licenses 300 35 97 300 244 112 450 1,023 209 1,302 418 71000-Collections Expense 0 0 0 0 0 0 0 0 0 0 0 72000•Payroll Tax Expense 777 1,055 875 777 795 799 777 505 783 2,355 2,458 Page 5 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 CLINTON HOUSE First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Expenditures(cont.) 0 0 0 72500•Depreciation Expense 0 0 0 0 0 0 0 0 0 0 0 73000•Convention Development 0 0 0 0 0 0 0 0 0 0 0 76500•Contract Labor 970 967 2,410 100 93 2,485 900 0 2,816 1,060 7,711 77500•Wages Expense 11,078 12,637 10,239 11,076 8,566 10,239 11,124 6,042 10,239 27,246 30,718 77600-Relocation Expense 0 0 0 0 0 0 0 0 0 0 0 78000•Electric Utilities 250 250 295 225 225 230 513 512 490 987 1,014 78100-Gas Utility 436 437 670 140 134 165 102 91 81 661 915 78200•Water Utilitiy 135 133 136 565 441 139 460 536 390 1,111 665 78500•Security 66 66 66 66 66 66 66 66 66 198 198 78600•Airport Advertising 0 0 0 0 0 0 0 0 0 0 0 78700-Minor Equipment 150 0 435 375 117 337 400 0 0 117 772 78800•Airport Info Booth 0 0 0 0 0 0 0 0 0 0 0 89000•Other Expense 0 0 0 0 0 0 0 0 0 0 0 92000•Purchase Walker-Stone House 0 0 0 0 0 0 0 0 0 0 0 94300•LOTO Special Project 0 0 0 0 0 0 0 0 0 0 0 95000•Misc.Special Projects-Other 0 0 0 0 0 0 0 0 140 0 0 95010•1st Thursday 0 0 0 0 0 0 0 0 0 0 0 95026-Incidental Expenses 0 0 0 0 0 0 0 0 0 0 0 95027-Alcohol&Bar Supply Purchases 0 0 0 0 0 0 0 0 0 0 0 95028-Public Arts Program 0 0 0 0 0 0 0 0 0 0 0 95050-Clinton Activities 75 0 114 75 24 78 205 202 0 225 332 96000-Annual Improvements 0 0 0 0 0 0 0 0 0 0 0 96500-Special Funding 0 0 0 0 0 0 0 0 0 0 0 97000-Bond Payments-Town Center 0 0 0 0 0 0 0 0 0 0 0 99000-Transfer Out 0 0 0 0 0 0 0 0 0 0 0 Total Expenditures 24,779 22,655 31,644 24,186 20,588 21,232 25,472 19,396 25,018 62,638 77,895 Excess of Revenues Over/(Under)Expenditures 0 (17,096) (3,508) 0 1,360 (13,554) 0 21,378 11,815 5,641 (5,247) Page 6 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 TOWN CENTER First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Revenue 40000•Hotel,Motel,Restaurant Taxes 0 0 0 0 0 0 0 0 0 0 0 40200•PY Hotel,Motel,Restaurant Tax 0 0 0 0 0 0 0 0 0 1 0 0 40600•Rental Income 112,500 87,920 102,585 112,500 122,830 138,127 112,500 123,276 76,752 334,026 315,164 40601-Incidentals 13,749 13,421 11,151 13,749 18,058 15,227 13,749 31,332 8,426 62,812 34,803 40602-Alcohol Sales 8,750 6,938 3,535 8,750 8,767 25,492 8,747 17,270 12,698 32,975 41,725 40700•1st Thursday Income 3,625 8,305 155 10,875 11,599 0 10,875 5,395 0 25,299 155 40800•Other Income 330 1,184 1,240 330 200 2 330 44 160 1,428 1,402 41000-Parking Revenue 3,000 2,336 750 3,000 1,607 4,156 3,000 2,528 3,732 6,471 7,888 41001 •Parking Lease 4,500 0 0 4,500 3,954 5,148 4,500 5,459 4,108 9,413 10,007 41200•Gift Shop Sales 0 0 0 0 0 0 0 0 0 0 0 41300•Visitor Store 0 0 0 0 0 0 0 0 0 0 0 41400-Partership Income 0 0 0 0 0 0 0 0 0 0 0 41600•Admission Revenue 0 0 0 0 0 0 0 0 0 0 0 41700•Health Reimbursement 0 0 0 0 0 0 0 0 0 0 0 42000•Special Projects 4,965 993 4,093 4,965 1,689 1,895 5,750 16,787 3,121 19,469 9,108 42005•Security Income 0 0 0 0 0 0 0 0 0 0 0 42600•Interest Income Investments 0 0 0 0 0 0 0 0 0 0 0 42610•Unrealized Gain I Loss 0 0 0 0 0 0 0 0 0 0 0 42800-Interest Income Checking 399 455 217 399 460 271 399 353 310 1,268 798 42900•Visitor Guide Ad Income 0 0 0 0 0 0 0 0 0 0 0 43200•LOTO Income 0 0 0 0 0 0 0 0 0 0 0 98001-Transfer from Reserves 0 0 0 0 0 0 0 0 0 0 0 98000-Transfer from A&P 7,265 0 0 36,617 0 0 0 9,541 0 9,541 0 Total Revenue 159,083 121,552 123,726 195,685 169,164 190,318 159,850 211,985 109,307 502,702 421,050 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 0 0 0 0 0 0 0 0 0 50001-CVB Store-COGS 0 0 0 0 0 0 0 0 0 0 0 Total Cost of Goods Sold 0 0 0 0 0 0 0 0 0 0 0 Gross Profit 159,083 121,552 123,726 1 195,685 169,164 190,318 159,850 1 211,985 1 109,307 1 502,702 421,050 Page 7 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 TOWN CENTER First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Expenditures 61000•Signage-Tourism 0 0 0 0 0 0 0 0 0 0 0 61500•Credit Card Fees 1,620 1,229 1,172 1,620 950 1,660 1,620 1,717 2,201 3,896 5,032 62500•Advertising&Marketing 0 0 0 0 0 0 0 0 621 0 621 62600-Printing/Brochures 0 0 0 0 0 0 0 0 0 0 0 62700•Website Update 0 0 0 0 0 0 0 0 0 0 0 63000•Accounting&Legal Fees 0 0 0 0 0 0 0 0 0 0 0 63100•Audit Expense 0 0 0 0 0 0 0 0 0 0 0 64000•Office Expense 2,500 2,029 1,237 2,500 2,627 2,932 2,500 1,694 2,112 6,351 6,280 64100•Visitor Store Expense 0 0 0 0 0 0 0 0 0 0 0 64150-Clinton House Gift Shop 0 0 0 0 0 0 0 0 0 0 0 64155-Exhibits 0 0 0 0 0 0 0 0 0 0 0 64500•Insurance-Building 0 0 0 0 0 0 0 0 0 0 0 64501-Insurance-Workers Comp 0 0 0 0 0 0 0 0 0 0 0 64502-Insurance-D&O 0 0 0 0 0 0 0 0 0 0 0 65000•Insurance&Health Benefits 9,000 8,158 13,146 9,000 8,158 6,742 8,970 8,421 8,287 24,737 28,175 65501 -Simple IRA Match 1,050 1,187 1,233 1,050 921 1,120 1,050 954 1,113 3,062 3,465 66000•Car Allowance 0 0 0 0 0 0 0 0 0 0 0 66500•Telephone Expense/Internet 1,500 1,078 2,002 1,495 1,617 1,382 1,485 1,621 1,802 4,316 5,185 67000•Postage&Shipping Expense 0 0 0 0 0 0 0 0 15 0 15 67100•Tracking Software 0 0 0 1,300 1,300 0 0 0 0 1,300 0 68100•Rent 0 0 0 0 0 0 0 0 0 0 0 68400•Maintenance/Lawn 0 0 0 0 0 0 0 0 0 0 0 68500•Repairs&Maintenance Expense 26,749 24,970 20,789 19,249 16,337 19,126 18,749 26,195 22,213 67,501 62,128 68600•Peace Fountain Maintenance 0 0 0 0 0 4,253 0 0 0 0 0 68700-Linens 6,635 7,040 6,464 8,500 7,102 0 6,100 6,387 8,266 20,529 18,983 69500•Publication&Dues 0 0 0 50 50 0 0 0 0 50 0 70000•Travel/Training Expense 1,650 1,735 2,248 1,580 305 360 870 747 3,083 2,786 5,691 70500•Taxes&Licenses 1,453 1,364 147 5,343 2,853 6,060 6,642 9,143 3,735 13,359 9,942 71000-Collections Expense 0 0 0 0 0 0 0 0 0 0 0 72000•Payroll Tax Expense 3,846 4,110 4,088 3,846 3,732 3,333 3,846 3,697 3,837 11,539 11,257 Page 8 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 TOWN CENTER First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Expenditures(cont.) 0 0 72500•Depreciation Expense 0 0 0 0 0 0 0 0 0 0 0 73000•Convention Development 0 0 0 726 347 0 726 1,108 177 1,455 177 76500•Contract Labor 12,539 12,539 11,133 14,537 14,537 13,185 15,273 17,035 13,906 44,111 38,223 77500•Wages Expense 47,931 49,657 48,083 47,931 46,821 41,912 47,931 47,314 48,713 143,791 138,708 77600-Relocation Expense 0 0 0 0 0 0 0 0 0 0 0 78000•Electric Utilities 15,234 11,776 13,064 15,234 14,358 15,158 15,234 19,575 21,739 45,710 49,961 78100-Gas Utility 5,243 5,244 8,213 1,119 1,120 1,924 370 370 995 6,734 11,131 78200•Water Utilitiy 2,138 2,136 1,689 2,491 2,545 2,012 3,060 3,054 2,429 7,734 6,130 78500•Security 570 570 600 240 240 240 480 480 600 1,290 1,440 78600•Airport Advertising 0 0 0 0 0 0 0 0 0 0 0 78700-Minor Equipment 3,200 3,041 0 600 376 370 600 522 0 3,938 370 78800•Airport Info Booth 0 0 0 0 0 0 0 0 0 0 0 89000•Other Expense 0 0 0 0 0 0 0 0 0 0 0 92000•Purchase Walker-Stone House 0 0 0 0 0 0 0 0 0 0 0 94300•LOTO Special Project 0 0 0 0 0 0 0 0 0 0 0 95000•Misc.Special Projects-Other 2,394 2,528 1,440 2,394 2,115 7,274 2,394 2,547 4,913 7,191 13,626 95010•1st Thursday 6,400 6,416 0 9,635 8,575 0 6,775 8,398 0 23,390 0 95026-Incidental Expenses 0 0 5,150 0 0 3,637 0 0 0 0 8,786 95027-Alcohol&Bar Supply Purchases 3,750 928 3,871 3,750 4,670 14,741 3,750 13,316 12,055 18,914 30,667 95028-Public Arts Program 0 0 0 0 0 0 0 0 0 0 0 95050-Clinton Activities 0 0 0 0 0 0 0 0 0 0 0 96000-Annual Improvements 3,681 0 0 41,495 38,805 0 11,425 0 0 38,805 0 96500-Special Funding 0 0 0 0 0 0 0 0 0 0 0 97000-Bond Payments-Town Center 0 0 0 0 0 0 0 0 0 0 0 99000-Transfer Out 0 0 0 0 0 0 0 0 0 0 0 Total Expenditures 159,083 147,735 145,769 195,685 180,461 147,421 159,850 174,295 162,812 502,489 455,993 Excess of Revenues Over/(Under)Expenditures 0 (26,183) (22,043) 0 (11,297) 42,897 0 37,690 (53,505) 213 (34,943) Page 9 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 VISITOR CENTER First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1 st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Revenue 40000 Hotel,Motel,Restaurant Taxes 0 0 0 0 0 0 0 0 0 0 0 40200 PY Hotel,Motel,Restaurant Tax 0 0 0 0 0 0 0 0 0 1 0 0 40600 Rental Income 0 0 0 0 0 0 0 0 0 0 0 40601-Incidentals 0 0 0 0 0 0 0 0 0 0 0 40602-Alcohol Sales 0 0 0 0 0 0 0 0 0 0 0 40700 1st Thursday Income 0 1,230 921 0 0 15,183 1,230 0 736 1,230 16,841 40800 Other Income 0 0 (376) 0 300 550 300 0 0 300 174 41000 Parking Revenue 0 0 0 0 0 0 0 0 0 0 0 41001 Parking Lease 0 0 0 0 0 0 0 0 0 0 0 41200 Gift Shop Sales 0 0 0 0 0 0 0 0 0 0 0 41300 Visitor Store 6,249 3,433 3,814 6,249 5,268 8,973 6,249 7,228 7,646 15,929 20,433 41400 Partership Income 0 0 300 0 0 900 0 0 450 0 1,650 41600 Admission Revenue 0 0 0 0 0 0 0 0 0 0 0 41700 Health Reimbursement 0 0 0 0 0 0 0 0 0 0 0 42000 Special Projects 0 0 0 0 0 0 0 0 0 0 0 42005•Security Income 0 0 0 0 0 0 0 0 0 0 0 42600-Interest Income Investments 0 0 0 0 0 0 0 0 0 0 0 42610•Unrealized Gain I Loss 0 0 0 0 0 0 0 0 0 0 0 42800-Interest Income Checking 87 96 78 87 49 107 87 148 166 293 351 42900•Visitor Guide Ad Income 0 0 0 0 0 0 0 0 0 0 0 43200-LOTO Income 0 0 0 0 0 0 1,600 0 25 0 25 98001-Transfer from Reserves 0 0 0 0 0 0 0 0 0 98000•Transfer from ASP 127,767 0 135,000 121,621 135,000 0 126,320 187,641 130,000 322,641 265,000 Total Revenue 134,103 4,759 139,737 127,957 140,617 25,713 135,786 195,017 139,023 340,393 304,474 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 0 0 0 0 0 0 0 0 0 50001-CVB Store-COGS 0 1,087 71 0 161 581 0 (2,476) 2,817 (1,227) 3,469 Total Cost of Goods Sold 0 1,087 71 0 161 581 0 (2,476) 2,817 (1,227) 3,469 Gross Profit 134,103 3,672 139,666 127,957 140,456 25,132 135,786 197,493 136,206 341,620 301,005 Page 10 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 VISITOR CENTER First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Expenditures 61000•Signage-Tourism 0 0 0 0 0 67 0 0 0 0 67 61500•Credit Card Fees 550 334 197 550 287 408 550 244 232 865 837 62500•Advertising&Marketing 2,500 472 404 2,500 439 313 2,501 4,391 423 5,301 1,140 62600-Printing/Brochures 0 0 0 0 0 486 0 0 0 0 486 62700•Website Update 0 0 0 0 0 0 0 0 0 0 0 63000•Accounting&Legal Fees 0 0 0 0 0 0 0 0 0 0 0 63100•Audit Expense 0 0 0 0 0 0 0 0 0 0 0 64000•Office Expense 2,450 1,812 957 2,449 2,110 1,190 2,451 1,578 1,468 5,500 3,616 64100•Visitor Store Expense 3,750 554 2,476 3,750 1,629 1,756 3,750 7,916 6,792 10,098 11,024 64150-Clinton House Gift Shop 0 0 0 0 0 0 0 0 0 0 0 64155-Exhibits 0 0 0 0 0 0 0 0 0 0 0 64500•Insurance-Building 0 0 0 0 0 0 0 0 0 0 0 64501-Insurance-Workers Comp 0 0 0 0 0 0 0 0 0 0 0 64502-Insurance-D&O 0 0 0 0 0 0 0 0 0 0 0 65000•Insurance&Health Benefits 12,172 10,198 11,949 12,173 10,198 11,296 10,855 10,372 10,209 30,768 33,453 65501 -Simple IRA Match 1,374 1,346 1,650 1,374 1,277 1,526 1,374 983 1,603 3,606 4,779 66000•Car Allowance 0 0 0 0 0 0 0 0 0 0 0 66500•Telephone Expense/Internet 1,500 996 1,566 1,500 1,912 2,412 1,500 1,435 3,378 4,344 7,357 67000•Postage&Shipping Expense 0 0 82 0 0 0 0 2 0 2 83 67100•Tracking Software 6,249 6,350 2,892 6,249 8,972 6,861 6,249 4,708 1,305 20,030 11,058 68100•Rent 0 0 0 0 0 0 0 0 0 0 0 68400•Maintenance/Lawn 0 0 0 0 0 0 0 0 0 0 0 68500•Repairs&Maintenance Expense 1,125 1,925 432 1,125 36 199 1,125 11 1,193 1,972 1,824 68600•Peace Fountain Maintenance 0 0 0 0 0 0 0 0 0 0 0 68700-Linens 0 0 0 0 0 0 0 0 0 0 0 69500•Publication&Dues 500 425 410 0 0 0 4,750 5,050 0 5,475 410 70000•Travel/Training Expense 18,375 19,014 20,959 18,375 14,256 6,904 17,000 5,281 12,084 38,986 39,947 70500•Taxes&Licenses 1,050 950 833 810 820 769 585 586 779 2,357 2,381 71000-Collections Expense 0 0 0 0 0 0 0 0 0 0 0 72000•Payroll Tax Expense 4,623 4,618 4,706 4,623 4,447 4,437 4,623 4,092 4,776 13,156 13,918 Page 11 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense First, Second and Third Quarters 2016 VISITOR CENTER First Quarter 2016 2015 Second Quarter 2016 2015 Third Quarter 2016 2015 2016 2015 1st Quarter 2nd Quarter 3rd Quarter Budget Actual Actual Budget Actual Actual Budget Actual Actual YTD Actual YTD Actual Expenditures(cont.) 0 0 72500•Depreciation Expense 0 0 0 0 0 0 0 0 0 0 0 73000•Convention Development 20,150 17,314 24,118 12,000 11,366 10,271 12,000 15,094 12,109 43,340 46,498 76500•Contract Labor 0 0 0 0 0 0 0 0 0 0 0 77500•Wages Expense 55,870 55,871 55,042 59,208 59,209 56,052 52,944 52,945 61,020 168,024 172,115 77600-Relocation Expense 0 0 0 0 0 0 0 0 0 0 0 78000•Electric Utilities 1,710 1,687 2,086 1,130 1,130 1,158 1,355 1,352 1,326 4,169 4,570 78100-Gas Utility 0 0 0 0 0 0 0 0 0 0 0 78200•Water Utilitiy 155 156 145 141 151 154 149 165 151 471 450 78500•Security 0 0 0 0 0 0 0 0 0 0 0 78600•Airport Advertising 0 0 0 0 0 0 0 0 0 0 0 78700-Minor Equipment 0 0 362 0 0 1,721 0 0 847 0 2,931 78800•Airport Info Booth 0 0 0 0 0 0 0 0 0 0 0 89000•Other Expense 0 0 0 0 0 0 4,000 0 0 0 0 92000•Purchase Walker-Stone House 0 0 0 0 0 0 0 0 0 0 0 94300•LOTO Special Project 0 0 0 0 8,025 0 8,025 0 4,450 8,025 4,450 95000•Misc.Special Projects-Other 0 0 229 0 0 300 0 0 0 0 529 95010•1st Thursday 0 0 1,250 0 0 9,564 0 0 6,548 0 17,363 95026-Incidental Expenses 0 0 0 0 0 0 0 0 0 0 0 95027-Alcohol&Bar Supply Purchases 0 0 0 0 0 0 0 0 0 0 0 95028-Public Arts Program 0 0 0 0 0 0 0 0 0 0 0 95050-Clinton Activities 0 0 0 0 0 0 0 0 0 0 0 96000-Annual Improvements 0 0 0 0 0 0 0 0 0 0 0 96500-Special Funding 0 0 0 0 0 0 0 0 0 0 0 97000-Bond Payments-Town Center 0 0 0 0 0 0 0 0 0 0 0 99000-Transfer Out 0 0 0 0 0 0 0 0 0 0 0 Total Expenditures 134,103 124,022 132,745 127,957 126,264 117,844 135,786 116,205 130,693 366,489 381,286 Excess of Revenues Over/(Under)Expenditures 0 (120,350) 6,921 0 14,192 (92,712)1 0 81,288 5,513 (24,869) (80,281) Page 12 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense September 2016 and Year-to-Date CONSOLIDATED A& P COMMISSION 2016 September 2016 Year-to-Date 2015 2016 September 2016 Month 2015 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Revenue 40000 Hotel,Motel,Restaurant Taxes 3,100,000 2,362,599 2,392,400 2,208,519 707,600 245,800 275,588 258,999 40200 PY Hotel,Motel,Restaurant Tax 22,000 20,101 19,543 22,356 2,457 633 75 535 40600 Rental Income 454,009 341,322 337,840 315,714 116,169 37,563 59,016 25,800 40601-Incidentals 55,000 41,247 62,812 34,803 (7,812) 4,583 10,842 520 40602-Alcohol Sales 35,000 26,247 32,975 41,725 2,025 2,917 8,051 0 40700 1st Thursday Income 30,230 26,605 26,529 16,996 3,701 4,855 1,958 691 40800 Other Income 7,200 5,865 6,076 12,338 1,124 835 398 100 41000 Parking Revenue 12,000 9,000 6,471 7,888 5,529 1,000 316 1,056 41001 Parking Lease 18,000 13,500 9,413 10,007 8,587 1,500 1 0 (492) 41200 Gift Shop Sales 6,000 4,500 3,951 4,940 2,049 500 539 195 41300 Visitor Store 25,000 18,747 15,929 20,433 9,071 2,083 2,329 2,033 41400 Partership Income 2,755 0 0 1,650 2,755 0 0 0 41600 Admission Revenue 22,000 14,448 17,191 13,408 4,809 1 2,000 1,884 1,560 41700 Health Reimbursement 0 0 0 1,389 0 0 0 0 42000 Special Projects 23,000 15,680 19,469 9,283 3,531 2,440 4,266 0 42005 Security Income 0 0 0 0 0 0 0 0 42600 Interest Income Investments 12,000 9,000 10,701 9,627 1,299 1,000 1,281 1,024 42610 Unrealized Gain/Loss 0 0 300 0 (300) 0 300 0 42800 Interest Income Checking 3,575 2,583 2,991 2,140 584 373 374 301 42900 Visitor Guide Ad Income 21,500 21,500 21,500 0 0 0 0 0 43200 LOTO Income 10,300 2,650 1,050 1,075 9,250 1,600 350 25 98001-Transfer from Reserves 801,605 801,605 750,000 0 51,605 11,916 0 0 98002-Transfer from A&P 714,430 473,300 0 0 336,599 43,882 0 0 Total Revenue 5,375,604 4,210,499 3,737,141 2,734,291 1,260,632 365,480 367,567 292,347 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 78 (3,365) (78) 0 (873) 1,513 50001-CVB Store-COGS 0 0 (1,227) 3,469 1,227 0 (1,140) 5,649 Total Cost of Goods Sold 0 0 (1,149) 104 1,149 0 (2,013) 7,162 Gross Profit 5,375,604 4,210,499 3,738,290 2,734,187 1,259,483 365,480 369,580 285,185 Page 1 of 3 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense September 2016 and Year-to-Date CONSOLIDATED A& P COMMISSION 2016 September 2016 Year-to-Date 2015 2016 September 2016 Month 2015 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures 61000 Signage-Tourism 12,000 9,000 8,450 7,117 3,550 1,000 428 499 61500 Credit Card Fees 10,200 7,459 5,361 6,465 4,839 907 369 1,169 62500 Advertising&Marketing 860,000 710,001 705,579 518,178 154,421 75,834 84,879 213,435 62600 Printing/Brochures 150,000 112,500 11,384 54,535 138,616 12,500 12 6,540 62700 Website Update 7,000 4,500 4,500 5,085 2,500 500 500 500 63000 Accounting&Legal Fees 15,000 9,428 9,428 1,945 5,572 101 101 0 63100 Audit Expense 11,000 9,750 9,700 9,100 1,300 0 0 0 64000 Office Expense 29,050 21,063 15,510 13,156 13,540 2,662 2,031 811 64100 Visitor Store Expense 15,000 11,250 10,098 11,024 4,902 1,250 2,262 3,372 64150-Clinton House Gift Shop 3,800 2,849 1,159 2,338 2,641 317 738 0 64155-Exhibits 5,000 0 0 0 5,000 0 0 0 64500•Insurance-Building 16,000 16,000 15,518 9,775 482 16,000 14,618 9,775 64501-Insurance-Workers Comp 1,750 0 1,521 0 229 0 1,521 0 64502-Insurance-D&O 1,991 1,991 1,991 1,991 0 1,991 0 0 65000 Insurance&Health Benefits 93,730 70,400 63,487 73,908 30,243 6,399 5,020 7,374 65501 Simple IRA Match 12,955 8,843 8,673 10,733 4,282 928 784 1,254 66000 Car Allowance 3,300 2,400 2,400 3,150 900 300 300 300 66500 Telephone Expense/Internet 13,700 10,160 9,871 13,632 3,829 1,135 1,201 2,500 67000 Postage&Shipping Expense 30,000 22,500 18,346 14,900 11,654 2,500 128 0 67100 Tracking Software 27,050 20,617 21,812 11,547 5,238 2,138 90 104 68100 Rent 12,000 9,000 9,000 12,000 3,000 1,000 1,000 0 68400 Maintenance/Lawn 17,500 7,000 7,659 6,626 9,841 1,000 3,860 395 68500 Repairs&Maintenance Expense 166,500 125,772 99,033 99,911 67,467 12,658 16,950 12,824 68600 Peace Fountain Maintenance 3,000 2,250 2,243 8,986 757 250 664 226 68700 Linens 28,000 21,235 20,529 18,983 7,471 2,000 2,747 2,028 69500 Publication&Dues 21,320 18,065 17,591 12,668 3,729 50 78 0 70000 Travel/Training Expense 82,000 63,855 46,537 50,396 35,463 6,115 3,829 1,063 70500 Taxes&Licenses 26,300 17,683 19,009 14,003 7,291 2,223 3,602 1,674 71000 Collections Expense 64,000 47,250 48,239 44,617 15,761 5,250 5,513 5,191 Page 2 of 3 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense September 2016 and Year-to-Date CONSOLIDATED A& P COMMISSION 2016 September 2016 Year-to-Date 2015 2016 September 2016 Month 2015 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures(cont.) 72000 Payroll Tax Expense 49,225 34,798 34,102 36,466 15,123 3,972 3,894 3,992 72500 Depreciation Expense 0 0 0 0 0 0 0 0 73000 Convention Development 60,500 47,477 46,151 49,029 14,349 4,451 2,864 2,630 76500 Contract Labor 192,500 134,211 135,062 45,934 57,438 64,365 65,217 5,282 77500 Wages Expense 606,200 431,173 425,122 449,624 181,078 49,022 49,132 50,928 77600-Relocation Expense 0 0 6,365 5,000 (6,365) 0 6,365 0 78000 Electric Utilities 67,050 50,885 50,866 55,545 16,184 5,647 6,669 7,529 78100 Gas Utility 11,100 7,410 7,420 12,046 3,680 176 198 407 78200 Water Utilitiy 12,000 9,294 9,316 7,245 2,684 1,559 1 1,645 1,048 78500 Security 2,265 1,488 1,488 1,638 777 262 262 142 78600 Airport Advertising 10,200 7,245 7,238 6,375 2,962 985 980 750 78700 Minor Equipment 56,500 42,819 18,974 95,529 37,526 4,491 1,554 10,297 78800 Airport Info Booth 4,800 3,600 3,200 2,800 1,600 400 0 1 0 89000•Other Expense 10,000 4,000 0 0 10,000 2,000 0 0 92000 Purchase Walker-Stone House 748,363 748,363 748,363 0 0 0 0 0 94300 LOTO Special Project 23,525 23,151 23,152 4,515 373 0 0 0 95000 Misc.Special Projects-Other 260,000 154,539 154,548 146,498 105,452 33,344 34,379 13,624 95010 1st Thursday 28,000 22,810 23,390 17,363 4,610 600 2,550 3,144 95026-Incidental Expenses 0 0 0 8,786 0 0 0 0 95027-Alcohol&Bar Supply Purchases 15,000 11,250 18,914 30,667 (3,914) 1,250 8,598 (224) 95028-Public Arts Program 55,000 0 0 0 55,000 0 0 0 95050-Clinton Activities 600 355 225 332 375 140 139 0 96000-Annual Improvements 145,750 56,601 38,805 0 106,945 5,900 0 0 96500 Special Funding 0 0 0 0 0 0 0 0 97000 Bond Payments-Town Center 700,000 523,674 523,671 559,917 176,329 1 58,186 58,186 62,213 99000•Transfer Out 577,880 532,535 0 0 200,048 (28,278) 0 0 Total Expenditures 5,375,604 4,210,499 3,471,000 2,572,078 1,526,772 365,480 395,857 432,796 Excess of Revenues Over/(Under)Expenditures 0 0 267,290 162,109 (267,289) 0 (26,277) (147,611) Page 3 of 3 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense September 2016 and Year-to-Date FAYETTEVILLE A& P 2016 September 2016 Year-to-Date 2015 2016 September 2016 Month 2015 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Revenue 40000•Hotel,Motel,Restaurant Taxes 3,100,000 2,362,599 2,392,400 2,208,519 707,600 245,800 275,588 258,999 40200•PY Hotel,Motel,Restaurant Tax 22,000 20,101 19,543 22,356 2,457 633 75 535 40600•Rental Income 3,259 3,259 3,259 0 0 0 0 0 40601 -Incidentals 0 0 0 0 0 0 0 0 40602-Alcohol Sales 0 0 0 0 0 0 0 0 40700 1st Thursday Income 0 0 0 0 0 0 0 0 40800 Other Income 4,000 3,450 3,450 10,612 550 300 300 0 41000 Parking Revenue 0 0 0 0 0 0 0 0 41001 Parking Lease 0 0 0 0 0 0 0 0 41200•Gift Shop Sales 0 0 0 0 0 0 0 0 41300•Visitor Store 0 0 0 0 0 0 0 0 41400•Partership Income 0 0 0 0 0 0 0 0 41600•Admission Revenue 0 0 0 0 0 0 0 0 41700•Health Reimbursement 0 0 0 1,389 0 0 0 0 42000 Special Projects 0 0 0 0 0 0 0 0 42005 Security Income 0 0 0 0 0 0 0 0 42600 Interest Income Investments 12,000 9,000 10,701 9,627 1,299 1,000 1,281 1,024 42610•Unrealized Gain/Loss 0 0 300 0 (300) 0 300 0 42800•Interest Income Checking 1,500 1,034 1,317 931 183 200 199 112 42900 Visitor Guide Ad Income 21,500 21,500 21,500 0 0 0 0 0 43200 LOTO Income 2,100 1,050 1,050 1,050 1,050 0 350 0 98001 -Transfer from Reserves 801,605 801,605 750,000 0 51,605 11,916 0 0 98002-Transfer from A&P 0 0 0 0 0 0 0 0 Total Revenue 3,967,964 3,223,598 3,203,520 2,254,484 764,444 259,849 278,093 260,670 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 0 0 0 0 0 0 50001 -CVB Store-COGS 0 0 0 0 0 0 0 0 Total Cost of Goods Sold 0 0 0 0 0 0 0 0 Gross Profit 3,967,964 3,223,598 1 3,203,520 2,254,484 1 764,444 259,849 278,093 260,670 Page 1 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense September 2016 and Year-to-Date FAYETTEVILLE A& P 2016 September 2016 Year-to-Date 2015 2016 September 2016 Month 2015 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures 61000 Signage-Tourism 12,000 9,000 8,450 7,050 3,550 1,000 428 499 61500 Credit Card Fees 0 0 0 0 0 0 0 0 62500 Advertising&Marketing 850,000 702,500 700,278 516,417 149,722 75,000 84,602 212,655 62600 Printing/Brochures 150,000 112,500 11,384 54,049 138,616 12,500 12 6,540 62700 Website Update 7,000 4,500 4,500 5,085 2,500 500 500 500 63000 Accounting&Legal Fees 15,000 9,428 9,428 1,945 5,572 101 101 0 63100 Audit Expense 11,000 9,750 9,700 9,100 1,300 0 0 0 64000 Office Expense 4,250 3,188 1,936 1,900 2,314 354 393 288 64100 Visitor Store Expense 0 0 0 0 0 0 0 0 64150-Clinton House Gift Shop 0 0 0 0 0 0 0 0 64155-Exhibits 0 0 0 0 0 0 0 0 64500•Insurance-Building 16,000 16,000 15,518 9,775 482 16,000 14,618 9,775 64501-Insurance-Workers Comp 1,750 0 1,521 0 229 0 1,521 0 64502-Insurance-D&O 1,991 1,991 1,991 1,991 0 1,991 0 0 65000 Insurance&Health Benefits 7,630 4,830 4,671 6,405 2,959 0 (88) 311 65501 Simple IRA Match 2,200 1,090 1,527 1,567 673 120 121 222 66000 Car Allowance 3,300 2,400 2,400 3,150 900 300 300 300 66500 Telephone Expense/Internet 0 0 0 0 0 0 0 0 67000 Postage&Shipping Expense 30,000 22,500 18,344 14,802 11,656 2,500 126 0 67100 Tracking Software 750 570 482 489 268 55 40 99 68100 Rent 0 0 0 0 0 0 0 0 68400 Maintenance/Lawn 7,500 0 0 0 7,500 0 0 0 68500 Repairs&Maintenance Expense 75,000 56,250 28,313 35,367 46,687 6,250 7,393 2,861 68600 Peace Fountain Maintenance 3,000 2,250 2,243 8,986 757 250 664 226 68700 Linens 0 0 0 0 0 0 0 0 69500 Publication&Dues 15,000 12,545 11,846 12,048 3,154 50 28 0 70000 Travel/Training Expense 7,000 4,005 3,997 3,673 3,003 75 70 0 70500 Taxes&Licenses 3,000 750 1,991 1,262 1,009 0 1,575 0 71000 Collections Expense 64,000 47,250 48,239 44,617 15,761 5,250 5,513 5,191 Page 2 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense September 2016 and Year-to-Date FAYETTEVILLE A& P 2016 September 2016 Year-to-Date 2015 2016 September 2016 Month 2015 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures(cont.) 72000 Payroll Tax Expense 9,850 7,060 7,052 8,833 2,798 890 880 850 72500 Depreciation Expense 0 0 0 0 0 0 0 0 73000 Convention Development 2,500 1,875 1,356 2,354 1,144 209 170 98 76500 Contract Labor 131,500 89,892 89,891 0 41,609 57,849 57,849 0 77500 Wages Expense 125,000 86,080 86,061 108,083 38,939 10,600 10,577 10,815 77600-Relocation Expense 0 0 6,365 5,000 (6,365) 0 6,365 0 78000 Electric Utilities 0 0 0 0 0 0 0 0 78100 Gas Utility 0 0 25 0 (25) 0 1 25 0 78200 Water Utilitiy 0 0 0 0 0 0 0 0 78500 Security 0 0 0 0 0 0 0 0 78600 Airport Advertising 10,200 7,245 7,238 6,375 2,962 985 980 750 78700 Minor Equipment 50,000 37,494 14,919 91,456 35,081 4,166 1,032 9,450 78800 Airport Info Booth 4,800 3,600 3,200 2,800 1,600 400 0 1 0 89000•Other Expense 0 0 0 0 0 0 0 0 92000 Purchase Walker-Stone House 748,363 748,363 748,363 0 0 0 0 0 94300 LOTO Special Project 15,500 15,126 15,127 65 373 0 0 0 95000 Misc.Special Projects-Other 250,000 147,357 147,357 132,343 102,643 32,546 32,546 13,555 95010 1st Thursday 0 0 0 0 0 0 0 1 0 95026-Incidental Expenses 0 0 0 0 0 0 0 0 95027-Alcohol&Bar Supply Purchases 0 0 0 0 0 0 0 0 95028-Public Arts Program 55,000 0 0 0 55,000 0 0 0 95050-Clinton Activities 0 0 0 0 0 0 0 0 96000-Annual Improvements 0 0 0 0 0 0 0 0 96500 Special Funding 0 0 0 0 0 0 0 0 97000 Bond Payments-Town Center 700,000 523,674 523,671 559,917 176,329 1 58,186 58,186 62,213 99000•Transfer Out 577,880 532,535 377,832 315,000 200,048 (28,278) 36,191 0 Total Expenditures 3,967,964 3,223,598 2,917,216 1,971,904 1,050,748 259,849 322,718 337,198 Excess of Revenues Over/(Under)Expenditures 0 0 286,304 282,580 (286,304) 0 (44,625) (76,528) Page 3 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense September 2016 and Year-to-Date CLINTON HOUSE 2016 September 2016 Year-to-Date 2015 2016 September 2016 Month 2015 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Revenue 40000 Hotel,Motel,Restaurant Taxes 0 0 0 0 0 0 0 0 40200 PY Hotel,Motel,Restaurant Tax 0 0 0 0 0 0 0 0 40600 Rental Income 750 563 555 550 195 63 0 150 40601-Incidentals 0 0 0 0 0 0 0 0 40602-Alcohol Sales 0 0 0 0 0 0 0 0 40700 1st Thursday Income 0 0 0 0 0 0 0 0 40800 Other Income 1,500 1,125 898 150 602 125 98 100 41000 Parking Revenue 0 0 0 0 0 0 0 0 41001 Parking Lease 0 0 0 0 0 0 0 0 41200 Gift Shop Sales 6,000 4,500 3,951 4,940 2,049 500 539 195 41300 Visitor Store 0 0 0 0 0 0 0 0 41400 Partership Income 0 0 0 0 0 0 0 0 41600 Admission Revenue 22,000 14,448 17,191 13,408 4,809 2,000 1,884 1,560 41700 Health Reimbursement 0 0 0 0 0 0 0 0 42000 Special Projects 0 0 0 175 0 0 0 0 42005 Security Income 0 0 0 0 0 0 0 0 42600 Interest Income Investments 0 0 0 0 0 0 0 1 0 42610 Unrealized Gain/Loss 0 0 0 0 0 0 0 0 42800 Interest Income Checking 125 91 113 60 12 11 16 13 42900 Visitor Guide Ad Income 0 0 0 0 0 0 0 0 43200 LOTO Income 0 0 0 0 0 0 0 0 98001-Transfer from Reserves 0 0 0 0 0 1 0 0 0 98002-Transfer from A&P 79,340 53,710 45,649 50,000 33,691 7,564 3,321 0 Total Revenue 109,715 74,437 68,357 69,283 41,358 10,263 5,858 2,018 Cost of Goods Sold 50000-CHM Gift Shop-COGS 0 0 78 (3,365) (78) 0 (873) 1,513 50001-CVB Store-COGS 0 0 0 0 0 0 0 0 Total Cost of Goods Sold 0 0 78 (3,365) (78) 0 (873) 1,513 Gross Profit 109,715 74,437 1 68,279 72,6471 41,436 10,263 6,731 505 Page 4 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense September 2016 and Year-to-Date CLINTON HOUSE 2016 September 2016 Year-to-Date 2015 2016 September 2016 Month 2015 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures 61000 Signage-Tourism 0 0 0 0 0 0 0 0 61500 Credit Card Fees 1,500 949 600 596 900 183 51 57 62500 Advertising&Marketing 0 0 0 0 0 0 0 0 62600 Printing/Brochures 0 0 0 0 0 0 0 0 62700 Website Update 0 0 0 0 0 0 0 0 63000 Accounting&Legal Fees 0 0 0 0 0 0 0 0 63100 Audit Expense 0 0 0 0 0 0 0 0 64000 Office Expense 5,000 3,025 1,723 1,360 3,277 658 155 57 64100 Visitor Store Expense 0 0 0 0 0 0 0 0 64150-Clinton House Gift Shop 3,800 2,849 1,159 2,338 2,641 317 738 0 64155-Exhibits 5,000 0 0 0 5,000 0 0 0 64500•Insurance-Building 0 0 0 0 0 0 0 0 64501-Insurance-Workers Comp 0 0 0 0 0 0 0 0 64502-Insurance-D&O 0 0 0 0 0 0 0 0 65000 Insurance&Health Benefits 4,600 3,400 3,311 5,875 1,289 0 (88) 531 65501 Simple IRA Match 655 481 478 922 177 0 0 102 66000 Car Allowance 0 0 0 0 0 0 0 0 66500 Telephone Expense/Internet 1,600 1,180 1,211 1,090 389 140 205 134 67000 Postage&Shipping Expense 0 0 0 0 0 0 0 0 67100 Tracking Software 0 0 0 0 0 0 0 0 68100 Rent 12,000 9,000 9,000 12,000 3,000 1,000 1,000 0 68400 Maintenance/Lawn 10,000 7,000 7,659 6,626 2,341 1,000 3,860 395 68500 Repairs&Maintenance Expense 2,000 1,400 1,247 592 753 200 370 0 68600 Peace Fountain Maintenance 0 0 0 0 0 0 0 0 68700 Linens 0 0 0 0 0 0 0 0 69500 Publication&Dues 220 220 220 210 0 0 0 0 70000 Travel/Training Expense 2,000 2,000 768 1,085 1,232 1,000 0 0 70500 Taxes&Licenses 1,800 1,050 1,302 418 498 250 54 59 71000 Collections Expense 0 0 0 0 0 0 0 0 Page 5 of 12 Fayetteville A P Commission Modified Accrual Statement of Budget, Revenue and Expense September 2016 and Year-to-Date CLINTON HOUSE 2016 September 2016 Year-to-Date 2015 2016 September 2016 Month 2015 Annual Budget Budget Actual YTD Actual Balance of Budget Actual Month Actual Budget Expenditures(cont.) 72000 Payroll Tax Expense 3,875 2,331 2,355 2,458 1,520 259 212 261 72500 Depreciation Expense 0 0 0 0 0 0 0 0 73000 Convention Development 0 0 0 0 0 0 0 0 76500 Contract Labor 5,000 1,970 1,060 7,711 3,940 900 0 720 77500 Wages Expense 44,500 33,278 27,246 30,718 17,254 3,740 2,538 3,413 77600-Relocation Expense 0 0 0 0 0 0 0 0 78000 Electric Utilities 1,300 988 987 1,014 313 159 158 151 78100 Gas Utility 1,100 678 661 915 439 40 37 26 78200 Water Utilitiy 1,400 1,160 1,111 665 289 130 207 132 78500 Security 265 198 198 198 67 22 22 22 78600 Airport Advertising 0 0 0 0 0 0 0 0 78700 Minor Equipment 1,500 925 117 772 1,383 125 0 0 78800 Airport Info Booth 0 0 0 0 0 0 0 1 0 89000•Other Expense 0 0 0 0 0 0 0 0 92000 Purchase Walker-Stone House 0 0 0 0 0 0 0 0 94300 LOTO Special Project 0 0 0 0 0 0 0 0 95000 Misc.Special Projects-Other 0 0 0 0 0 0 1 0 69 95010 1st Thursday 0 0 0 0 0 0 0 0 95026-Incidental Expenses 0 0 0 0 0 0 0 0 95027-Alcohol&Bar Supply Purchases 0 0 0 0 0 0 0 0 95028-Public Arts Program 0 0 0 0 0 0 0 0 95050-Clinton Activities 600 355 225 332 375 140 139 0 96000-Annual Improvements 0 0 0 0 0 0 0 0 96500 Special Funding 0 0 0 0 0 0 0 0 97000 Bond Payments-Town Center 0 0 0 0 0 0 0 0 99000•Transfer Out 0 0 0 0 0 0 0 0 Total Expenditures 109,715 74,437 62,638 77,895 47,077 10,263 9,658 6,129 Excess of Revenues Over/(Under)Expenditures 0 0 5,641 (5,247) (5,641) 0 (2,927) (5,624) Page 6 of 12
