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Home My WebLink About2011 07 11 Other - Documents discussed by Mr. Cory Skeates during Awards and Presentations '301' Date: July 11, 2011 This document was provided to the Mayor and City Commission by Mr. Cory Skeates and discussed during Awards and Presentations "301" at the July 11, 2011 City Commission Regular Meeting. ' 2:34 PM Oviedo- Winter Springs Regional Chamber of Commerce 07/01111 Profit & Loss Prey Year Comparison Cash Basis January through June 2011 Jan -Jun 11 Jan - Jun 10 $ Change % Change Income Advertising Income 3,000.00 3,633.70 - 633.70 -17.4% Discount Income 32.01 0.00 32.01 100.0% Interest Income 0.32 230.12 - 229.80 - 99.9% Luncheons 9,426.88 10,830.00 - 1,403.12 -13.0% Mailing Label Sales Income 120.00 100.00 20.00 20.0% Membership Income New 12,200.00 15,964.75 - 3,764.75 -23.6% Renewal 35,606.25 33,936.05 1,670.20 4.9% Trustee 30,000.00 16,800.00 13,200.00 78.6% Total Membership Income 77,806.25 66,700.80 11,105.45 16.7% Other Income 186.48 60.63 125.85 207.6% Program Income Taxable Sales 32,704.76 64,286.01 - 31,581.25 -49.1% Program Income - Other 31,917.83 24,320.90 7,596.93 31.2% Total Program Income 64,622.59 88,606.91 - 23,984.32 -27.1% Total income 155,194.53 170,162.16 - 14,967.63 -8.8% Gross Profit 155,194.53 170,162.16 - 14,967.63 -8.8% Expense Accounting Expense 2,066.78 2,090.00 -23.22 -1.1% Advertising & Marketing 3,209.84 734.40 2,475.44 337.1% Ask Cory 177.06 0.00 177.06 100.0% Awards 0.00 100.00 - 100.00 - 100.0% Bank Fees Bank Service Charges 0.00 20.00 -20.00 - 100.0% Credit Card Processing 2,027.95 2,620.47 - 592.52 -22.6% Bank Fees - Other 200.26 0.00 200.26 100.0% Total Bank Fees 2,228.21 2,640.47 - 412.26 - 15.6% Casual Labor 0.00 - 860.00 860.00 100.0% Computer Expenses 1,477.61 784.59 693.02 88.3% Entertainment 140.00 0.00 140.00 100.0% Equipment Rental 20,519.29 23,640.44 - 3,121.15 -13.2% Executive Director Expenses 163.68 476.88 - 313.20 -65.7% Food & Drink 13,024.09 11,686.71 1,337.38 11.4% Gifts Given 570.79 200.08 370.71 185.3% Insurance Expense Health Ins Employees 0.00 1,680.02 - 1,680.02 - 100.0% Insurance 1,506.14 3,262.27 - 1,756.13 -53.8% Total Insurance Expense 1,506.14 4,942.29 - 3,436.15 -69.5% Licenses & Permits 397.51 281.25 116.26 41.3% Maintenance & Repairs 292.72 0.00 292.72 100.0% Meals & Entertainment 0.00 80.15 -80.15 - 100.0% Meetings & Events 2,650.00 6,088.00 - 3,438.00 -56.5% Office Supplies 783.96 983.85 - 199.89 -20.3% Payroll Expenses Payroll Tax Expense 4,672.66 5,588.06 - 915.40 -16.4% Salary 55,285.50 62,408.55 - 7,123.05 -11.4% SIMPLE IRA 928.72 642.60 286.12 44.5% Payroll Expenses - Other 25.00 0.00 25.00 100.0% Total Payroll Expenses 60,911.88 68,639.21 - 7,727.33 -11.3% Postage & Shipping 1,161.74 1,193.73 -31.99 -2.7% Printing & Copying 651.95 3,697.84 - 3,045.89 - 82.4% Page 1 ' 2:34 PM Oviedo- Winter Springs Regional Chamber of Commerce 07/01/11 Profit & Loss Prey Year Comparison Cash Basis January through June 2011 Jan - Jun 11 Jan - Jun 10 $ Change % Change Prizes & Awards 31.25 1,282.09 - 1,250.84 - 97.6% Promotional Items 600.00 1,089.02 - 489.02 -44.9% Rent 6,968.61 6,941.28 27.33 0.4% Sales Tax Expense 424.95 5,579.81 - 5,154.86 - 92.4% Security 2,912.00 2,041.00 871.00 42.7% Sponsorships 270.92 500.00 - 229.08 -45.8% Supplies /Materials 2,820.76 2,124.92 695.84 32.8% Telephone 510.00 612.00 - 102.00 -16.7% Tickets 209.00 341.00 - 132.00 -38.7% Travel Reimbursements 800.00 1,055.00 - 255.00 -24.2% Total Expense 127,480.74 148,966.01 - 21,485.27 -14.4% Net Income 27,713.79 21,196.15 6,517.64 30.8% Page 2 2:34 PM Oviedo- Winter Springs Regional Chamber of Commerce 07/01/11 Balance Sheet Prey Year Comparison Cash Basis As of June 30, 2011 Jun 30, 11 Jun 30, 10 $ Change % Change ASSETS Current Assets Checking /Savings Banks CD BB &T 0.00 37,324.57 - 37,324.57 - 100.0% Citizens Checking 4,175.33 14,634.30 - 10,458.97 -71.5% Money Market -BB &T 0.00 574.07 - 574.07 - 100.0% OBN 1,359.53 0.00 1,359.53 100.0% Petty Cash 400.00 400.00 0.00 0.0% Scholarship Fund 1,398.69 915.37 483.32 52.8% Trustco Bank 70,603.40 20,000.00 50,603.40 253.0% Total Banks 77,936.95 73,848.31 4,088.64 5.5% Total Checking/Savings 77,936.95 73,848.31 4,088.64 5.5% Accounts Receivable Accounts Receivable - 367.50 0.00 - 367.50 - 100.0% Total Accounts Receivable - 367.50 0.00 - 367.50 - 100.0% Other Current Assets Undeposited Funds 175.00 0.00 175.00 100.0% Total Other Current Assets 175.00 0.00 175.00 100.0% Total Current Assets 77,744.45 73,848.31 3,896.14 5.3% Fixed Assets Accumulated Depreciation - 10,072.11 - 10,072.11 0.00 0.0% Furniture & Fixtures 8,989.78 6,334.20 2,655.58 41.9% Office Equipment 8,861.19 8,165.81 695.38 8.5% Software 1,672.53 1,576.25 96.28 6.1% Total Fixed Assets 9,451.39 6,004.15 3,447.24 57.4% Other Assets Deposits 1,156.88 1,156.88 0.00 0.0% Total Other Assets 1,156.88 1,156.88 0.00 0.0% TOTAL ASSETS 88,352.72 81,009.34 7,343.38 9.1% LIABILITIES & EQUITY Liabilities Current Liabilities Other Current Liabilities Payroll Liabilities 3,169.12 3,350.16 - 181.04 -5.4% Sales Tax Payable - 1,199.75 319.32 - 1,519.07 - 475.7% Total Other Current Liabilities 1,969.37 3,669.48 - 1,700.11 - 46.3% Total Current Liabilities 1,969.37 3,669.48 - 1,700.11 - 46.3% Long Term Liabilities Beginning Net Assets 36,084.09 36,084.09 0.00 0.0% Trustee Fees -Future Years 13,750.00 13,750.00 0.00 0.0% Total Long Term Liabilities 49,834.09 49,834.09 0.00 0.0% Total Liabilities 51,803.46 53,503.57 - 1,700.11 -3.2% Equity Opening Balance Equity 3,832.94 2,473.41 1,359.53 55.0% Unrestricted Net Assets 5,002.53 3,836.21 1,166.32 30.4% Net Income 27,713.79 21,196.15 6,517.64 30.8% Total Equity 36,549.26 27,505.77 9,043.49 32.9% TOTAL LIABILITIES & EQUITY 88,352.72 81,009.34 7,343.38 9.1% Page 1 • • - y ,a, • • o Spr �e i e r Re onal Chamber o C omrr�erce • bringing out the best in business CHAMBER UPDAT CORY SKEATES, EXECUTIVE DIRECTOR �P ! `� r;,*-- � >h}fq Services Provided to W.S. Businesses • Monthly Luncheons • Marketing Seminar Series • Lunch and Learn Series • Small Business Toolbox Series • Business Roundtable • Chamber Clinic • The Ovations - online poll of consumers • Business After Hours /Ribbon Cuttings • Winter Springs Festival of the Arts • Chamber offices located within W.S. Business Community • Business Advocacy - Government Affairs Committee • CMF Media partnership to broadcast chamber events t '�' -, '-- % , 1w ', sn- r .. � c Y Services Provided • to WS• Businesses • C hamberTV providing chamber and community updates via YouTube • Facebook, Twitter and LinkedIn pages for community interaction • New website incorporating community calendar and member access for posting "Hot Deals" or "Job Postings and business updates • Community guide provided to new & existing residents listing member businesses • '' '. �' ' " , c "> s it - - a n r r .f. .s . - k 9 " J� . �i .._ Economic Develop Activities for W.S 0 Adopted a resolution in support of Sematech project A Working with LDI to distribute W.S. Economic Development publication • Produce annual Community Guide promoting our region O Submitting applications for recognition of the city with various local and national publications O Creation of Community Calendar via new ChamberMaster software allowing for inclusion of all city events O Organization and sponsor recruitment for W.S. Festival of the Arts (Bright House confirmed as Presenting Sponsor for 2011) O $5,000 investment in outside P.R./Marketing Firm solely for promotion of W.S. Festival of the Arts O Obtaining signage for the chamber for visibility on S.R. 434 } 7 78 .- .i.F # A t , g F 44 a Ft . i r �.+v , A , -.4:= 1 ±... ,-,- ,-. $ o , FAY �✓ 6 : " : "" ,1 •"* . . , ..- 4 _ _�_. _ y _ •. ' Ot a.l .. / - fir.. • __,.______„ ,__ Q uestions? O viedo " 1nt e x Spring s R egional Chamber of C ommerce bringing out the best in business Addresses 1511 E. S.R. 434, Suite 2001, Winter Springs, FL 32708 (Physical) P.O. Box 621236, Oviedo, FL 32762 (Mailing) Phone & Fax 407 - 365 -6500 (P) 407- 650 -2712 (F) www.oviedowintersprings.org