ColumbiaAssociation. ReportMARCH

Transcription

1 ColumbiaAssociation FinancialQuarter ended on January 31, 2015 ReportMARCH 2015

2 Columbia Association Table of Contents Organization Summary... 5 Life Services Service Bureau Life Services Service Bureau Summary... 6 Sport & Fitness Division Sport & Fitness Division Summary... 8 Sport and Fitness Administration Aquatics Summary Outdoor Pools Swim Center Member Advantage Fitness Clubs Summary Athletic Club The Columbia Gym The Supreme Sports Club Haven On The Lake Golf Club Summary Fairway Hill Golf Club Hobbit s Glen Golf Club Horse Center Ice Rink Indoor/Outdoor Tennis Clubs SkatePark/SportsPark Summary SkatePark SportsPark Community Services Division Community Services Division Summary Community Services Administration Art Center General Note: Because dollars are rounded to the nearest thousand, small rounding differences may occur.

3 Columbia Association Table of Contents Assessment Share Community Associations Columbia Archives Family Life Center Building Lease Grants City Wide Lakefront Festival International Exchange and Multi-Cultural Program Youth Services Summary Camps School Age Services Youth and Teen Center at the Barn Sales and Marketing Division Sales and Marketing Division Summary Production/Welcome Center Membership Income/Sales Membership Allocation Community Building & Open Space Service Bureau Community Building & Open Space Service Bureau Summary Community Building Division Community Building Division Summary Community Building Administration Landscape Services Capital Improvements Watershed Management Community Planning Open Space Management Division Open Space Management Division Summary Open Space Management Administration General Note: Because dollars are rounded to the nearest thousand, small rounding differences may occur.

4 Columbia Association Table of Contents Land Maintenance RV Park Lake Elkhorn Pavilion Revitalization Service Bureau Revitalization Service Bureau Summary Construction Management Volunteer Center Columbia Community Exchange Community Engagement Service Bureau Community Engagement Assurance Service Bureau Assurance Service Bureau Summary President s Office General Counsel Internal Audit Human Resources Group Human Resources Information Technology Training and Organizational Development Finance Service Bureau Finance Service Bureau Summary Accounting/Payroll/Purchasing Annual Charge Board of Directors Capital Other Reports General Note: Because dollars are rounded to the nearest thousand, small rounding differences may occur.

5 Columbia Association FY 15 Operating Budget Adjustments ($000's) Approved Board Revised FY 15 Approved FY 15 Budget Adjustments Reclassification Budget Income: Annual Charge 34,847 34,847 Tuition & Enrollment 4,259 4,259 Memberships 2,615 2,615 Fees 6,430 6,430 Rental Income 1,848 (2) * 1,846 Sales * 924 Other Income Package Plan Allocation 14,966 14,966 Total Income 66, ,394 Expenses: Salary & Wages 23,727 23,727 Annual Performance Incentives Contract Labor Payroll Taxes 1,965 1,965 Employee Benefits 3,581 3,581 Cost of Goods Sold Operating Supplies/Expenses 5,004 5,004 Insurance Fees 3,711 3,711 Rentals 1,581 1,581 Taxes Utilities 2,544 (3) ** 2,541 Repairs & Maintenance 4,986 3 ** 4,989 Community Assoc. Assess. Share 2,964 2,964 Depreciation 8,965 8,965 Interest Expense Allocation 1,613 1,613 Total Expenses 63, ,314 +(-) in Net Assets from Operations 3,080 3,080 Non-Operating Exp./Contingencies Incr. (Decr.) in Net Assets 3, ,035 *Archives budget reclassification/correction **Board of Directors budget reclassification/correction 1

6 Columbia Association Summary of Funds, Expenditures and Annual Borrowings FY 15 Estimate As of January 31, 2015 ($000's) WHERE THE MONEY COMES FROM WHERE THE MONEY IS USED $74,423 $74,423 Interest & Other $ % Borrowings $8, % Business Annual Charge $12, % Sport and Fitness Programs & Facilities $26, % Administrative Services $1, % Community Building $1, % Capital Expenditures $18, % Sport and Fitness Income $25, % Community Services Programs $4, % Residential Annual Charge $22, % Debt Repayment $3, % Board of Directors $ % Other $1, % Village Community Associations $4, % Community Services Programs $5, % Open Space Management $10, % $74,423 This data representation is not in accordance with generally accepted accounting principles. 2

7 Columbia Association, Inc. For the Period Ended January 31, 2015 Summary of Cash Flows Sources and Uses of Cash ($000's) Current Year Current Est. vs Budget FY 15 FY 15 Budget Actual Amount Total Income $ 66,394 $ 65,587 $ (807) Total Expenses (63,359) (60,540) (2,819) Net Income 3,035 5,047 2,012 Add Back: Depreciation (1) 8,965 8,463 (502) Net Adjustments (2) 95 - (95) Cash Generated from Operations/Investment Activities 12,095 13,510 1,415 Cash Required: Debt Repayment $ (4,566) $ (3,842) $ 724 Capital Projects (3) (11,416) (18,504) (7,088) Subtotal - Cash Required (15,982) (22,346) (6,364) Cash (Borrowings) Repayments $ (3,887) $ (8,836) $ (4,949) Notes: 1. Depreciation expense is added back, because it is a non-cash expense. 2. Net Adjustments represent the year-to-year changes in current assets and current liabilities, eg., accounts receivable, prepaid expenses, deferred revenue, etc. 3. Budgeted capital projects are the capital projects scheduled to be funded during the year, including projects carried forward from previous years. 3

8 Columbia Association Columbia Association Comparative Analysis of Income Comparative Analysis of Expenses January 31, 2015 January 31, ,000 50,000 55,000 50,000 45,000 40,000 35,000 30,000 25,000 20,000 15,000 10,000 5,000 - Annual Charge Membership Other income Total Year-to-Date-Budget 34,847 12,985 10,546 58,378 Current Year Actual 34,934 13,084 9,950 57,968 Last Year Actual 34,281 12,350 10,115 56,746 45,000 40,000 35,000 30,000 25,000 oe int dep 20,000 15,000 10,000 5,000 - Personnel costs Other expenses Depreciation Interest Total Year-to-Date-Budget 22,356 17,704 6,697 1,208 47,965 Current Year Actual 20,582 15,975 5, ,254 Last Year Actual 20,634 16,550 5, ,443 Year-to-Date-Budget Current Year Actual Last Year Actual Year-to-Date-Budget Current Year Actual Last Year Actual 4

9 Columbia Association, Inc. Third Quarter Financial Report For the Period Ended January 31, 2015 ($000's) Organization Summary Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge 34,847 34, % 34,281 34, % 34,847 34, % Tuition & Enrollment 3,179 2,884 (295) -9.3% 2,978 2,884 (94) -3.2% 4,259 4,001 (258) -6.1% Memberships 1,893 2, % 1,843 2, % 2,615 2, % Fees 4,873 4,342 (531) -10.9% 4,293 4, % 6,430 5,548 (882) -13.7% Rental Income 1,402 1, % 1,477 1,406 (71) -4.8% 1,846 1,839 (7) -0.4% Sales % (178) -19.1% (59) -6.4% Gain (Loss) on Fixed Asset Disposals (55) (55) % 6 (55) (61) % (55) (55) % Other Income % % % Package Plan Allocation 11,092 11,074 (18) -0.2% 10,507 11, % 14,966 14,966 Total Income 58,378 57,968 (410) -0.7% 56,746 57,968 1, % 66,394 65,587 (807) -1.2% Expenses: Salary & Wages 18,150 17,004 (1,146) -6.3% 16,768 17, % 23,727 22,685 (1,042) -4.4% Annual Performance Incentives Contract Labor % % % Payroll Taxes 1,494 1,350 (144) -9.6% 1,371 1,350 (21) -1.5% 1,965 1,837 (128) -6.5% Employee Benefits 2,683 2,190 (493) -18.4% 2,485 2,190 (295) -11.9% 3,581 3,149 (432) -12.1% Cost Of Sales % (192) -22.3% % Operating Supplies/Expenses 3,919 3,529 (390) -10.0% 3,605 3,529 (76) -2.1% 5,004 5, % Insurance (191) -27.4% (91) -15.2% % Fees 2,909 2,081 (828) -28.5% 2,502 2,081 (421) -16.8% 3,711 3,401 (310) -8.4% Rentals 1,135 1,027 (108) -9.5% 694 1, % 1,581 1,537 (44) -2.8% Taxes (150) -28.9% (141) -27.6% (76) -11.2% Utilities 1,930 1,638 (292) -15.1% 1,776 1,638 (138) -7.8% 2,541 2,384 (157) -6.2% Repairs & Maintenance 3,831 3, % 3,764 3, % 4,989 5, % Comm.Assoc.Assess Share 2,223 2, % 2,172 2, % 2,964 2,964 Depreciation 6,697 5,979 (718) -10.7% 5,553 5, % 8,965 8,463 (502) -5.6% Interest Expense Allocation 1, (490) -40.6% % 1,613 1,070 (543) -33.7% Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses 47,931 43,254 (4,677) -9.8% 43,375 43,254 (121) -0.3% 63,314 60,495 (2,819) -4.5% Increase/(Decrease) in Net Assets from Operations 10,447 14,714 4, % 13,371 14,714 1, % 3,080 5,092 2, % Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies 34 (34) % 68 (68) % Increase/(Decrease) in Net Assets 10,413 14,714 4, % 13,303 14,714 1, % 3,035 5,047 2, % 5

10 Columbia Association, Inc. LIFE SERVICES SERVICE BUREAU SUMMARY For the Period Ended January 31, 2015 ($000's) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment 3,179 2,884 (295) -9.3% 2,978 2,884 (94) -3.2% 4,259 4,001 (258) -6.1% Memberships 1,893 2, % 1,843 2, % 2,615 2, % Fees 4,812 4,222 (590) -12.3% 4,159 4, % 6,349 5,420 (929) -14.6% Rental Income 1,331 1,289 (42) -3.2% 1,277 1, % 1,753 1,696 (57) -3.3% Sales % (178) -19.2% (56) -6.1% Gain (Loss) on Fixed Asset Disposals % 6 5 (1) -16.7% % Other Income % % % Package Plan Allocation 11,092 11,074 (18) -0.2% 10,507 11, % 14,966 14,966 Total Income 23,057 22,371 (686) -3.0% 21,803 22, % 30,916 29,855 (1,061) -3.4% Expenses: Salary & Wages 11,025 10,701 (324) -2.9% 10,340 10, % 14,230 13,893 (337) -2.4% Annual Performance Incentives Contract Labor 16 9 (7) -43.8% 10 9 (1) -10.0% % Payroll Taxes (101) -10.1% (7) -0.8% 1,290 1,196 (94) -7.3% Employee Benefits 1,367 1,108 (259) -18.9% 1,235 1,108 (127) -10.3% 1,825 1,622 (203) -11.1% Cost Of Sales % (192) -22.3% % Operating Supplies/Expenses 2,691 2, % 2,765 2, % 3,394 3, % Insurance (141) -35.7% (69) -21.4% (12) -2.2% Fees 1,239 1,204 (35) -2.8% 1,152 1, % 1,519 1, % Rentals (27) -4.5% % % Taxes (139) -28.9% (136) -28.5% (76) -12.1% Utilities 1,478 1,263 (215) -14.5% 1,387 1,263 (124) -8.9% 1,941 1,797 (144) -7.4% Repairs & Maintenance 2,188 2, % 2,099 2, % 2,803 3, % Comm.Assoc.Assess Share 2,223 2, % 2,172 2, % 2,964 2,964 Depreciation 3,285 3,027 (258) -7.9% 2,967 3, % 4,415 4,285 (130) -2.9% Interest Expense Allocation (34) -6.3% (12) -2.3% % Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (185) -48.8% (53) -21.5% (84) -17.9% Total Operating Expenses 29,414 28,156 (1,258) -4.3% 27,701 28, % 38,478 38,108 (370) -1.0% Increase/(Decrease) in Net Assets from Operations (6,357) (5,785) % (5,898) (5,785) % (7,562) (8,253) (691) -9.1% Alloc. of Admin. Serv. Expenses 2,923 2,769 (154) -5.3% 2,772 2,769 (3) -0.1% 3,868 3,723 (145) -3.7% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (9,280) (8,554) % (8,670) (8,554) % (11,430) (11,976) (546) -4.8% 6

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12 Columbia Association, Inc. SPORT AND FITNESS DIVISION SUMMARY For the Period Ended January 31, 2015 ($000's) LIFE SERVICES SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment (103) -36.9% (32) -15.4% (87) -31.1% Memberships 1,893 2, % 1,843 2, % 2,615 2, % Fees 4,789 4,160 (629) -13.1% 4,095 4, % 6,325 5,355 (970) -15.3% Rental Income 1,289 1,252 (37) -2.9% 1,241 1, % 1,697 1,638 (59) -3.5% Sales % (174) -19.1% (58) -6.6% Gain (Loss) on Fixed Asset Disposals % 6 5 (1) -16.7% % Other Income % % % Package Plan Allocation 11,092 11,074 (18) -0.2% 10,507 11, % 14,966 14,966 Total Income 20,033 19,443 (590) -2.9% 18,831 19, % 26,780 25,781 (999) -3.7% Expenses: Salary & Wages 8,031 7,631 (400) -5.0% 7,355 7, % 10,309 9,868 (441) -4.3% Annual Performance Incentives Contract Labor 10 9 (1) -10.0% % Payroll Taxes (98) -13.2% (5) -0.8% (94) -9.8% Employee Benefits (222) -23.1% (98) -11.7% 1,289 1,108 (181) -14.0% Cost Of Sales % (189) -22.2% % Operating Supplies/Expenses 1,429 1, % 1,441 1, % 1,766 1, % Insurance (114) -35.8% (54) -20.9% Fees % % % Rentals % % % Taxes (111) -25.1% (116) -25.9% (77) -13.1% Utilities 1,388 1,184 (204) -14.7% 1,312 1,184 (128) -9.8% 1,823 1,678 (145) -8.0% Repairs & Maintenance 1,823 2, % 1,793 2, % 2,322 2, % Comm.Assoc.Assess Share Depreciation 2,620 2,374 (246) -9.4% 2,316 2, % 3,530 3,397 (133) -3.8% Interest Expense Allocation (32) -7.4% (15) -3.6% % Alloc. of Selling Expenses 1,712 1, % 1,588 1, % 2,284 2, % Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (133) -26.2% (29) -7.2% (62) -9.5% Total Operating Expenses 21,605 20,823 (782) -3.6% 20,137 20, % 28,339 28,185 (154) -0.5% Increase/(Decrease) in Net Assets from Operations (1,572) (1,380) % (1,306) (1,380) (74) -5.7% (1,559) (2,404) (845) -54.2% Alloc. of Admin. Serv. Expenses 1,601 1,555 (46) -2.9% 1,508 1, % 2,144 2,064 (80) -3.7% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (3,173) (2,935) % (2,814) (2,935) (121) -4.3% (3,703) (4,468) (765) -20.7% 8

13 SPORT AND FITNESS ADMINISTRATION Amount % Alloc. of Division's Admin. Year-to-Date Actual vs. Budget 4 0.8% This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget (32) -5.1% The positive variance in Operating Expenses FY 15 versus FY 14 is primarily due to reduced travel and meeting expenses as a result of having to support one less senior leader in Sport and Fitness Administration. The Fees Expense variance in the third quarter represents tennis consulting fees and other charges which were inadvertently classified to Sport & Fitness Administration. These expenses will be reclassified in the fourth quarter. 9

14 Columbia Association, Inc. SPORT AND FITNESS ADMINISTRATION For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (24) -7.2% (38) -11.0% Annual Performance Incentives 5 5 Contract Labor % 6 3 (3) -50.0% % Payroll Taxes (3) -13.6% (3) -13.6% Employee Benefits (18) -40.0% (13) -32.5% Cost Of Sales Operating Supplies/Expenses % (37) -37.4% % Insurance Fees % % % Rentals (7) -35.0% (4) -23.5% Taxes Utilities 3 2 (1) -33.3% Repairs & Maintenance % 5 4 (1) -20.0% % Comm.Assoc.Assess Share Depreciation 1 (1) % 1 1 Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. (477) (473) 4 0.8% (567) (473) % (632) (664) (32) -5.1% Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses Increase/(Decrease) in Net Assets from Operations Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 10

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16 Columbia Association, Inc. AQUATICS SUMMARY For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships % % % Fees (43) -4.6% (47) -5.0% 1,101 1,027 (74) -6.7% Rental Income (1) -0.5% % (9) -3.9% Sales (16) -19.0% (11) -13.9% (18) -20.2% Gain (Loss) on Fixed Asset Disposals % % % Other Income 6 4 (2) -33.3% 9 4 (5) -55.6% % Package Plan Allocation (225) -24.1% (2) -0.3% 1,192 1,113 (79) -6.6% Total Income 2,652 2,591 (61) -2.3% 2,562 2, % 3,297 3, % Expenses: Salary & Wages 1,969 1,874 (95) -4.8% 1,877 1,874 (3) -0.2% 2,258 2,205 (53) -2.3% Annual Performance Incentives Contract Labor Payroll Taxes (29) -14.8% (11) -6.2% (32) -14.0% Employee Benefits (23) -15.5% (19) -13.2% (22) -11.5% Cost Of Sales (23) -28.0% (18) -23.4% (15) -17.0% Operating Supplies/Expenses (82) -17.8% (73) -16.2% (33) -6.3% Insurance (20) -32.3% (5) -10.6% Fees % % % Rentals (19) -40.4% (1) -3.4% (21) -33.9% Taxes (30) -52.6% (66) -71.0% (34) -44.7% Utilities (46) -13.3% (38) -11.2% (58) -13.7% Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation (41) -6.2% % (15) -1.7% Interest Expense Allocation (12) -12.1% (3) -3.3% % Alloc. of Selling Expenses % % % Alloc. of Division's Admin (5) -4.4% (30) -21.7% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (35) -29.2% (13) -13.3% (18) -12.5% Total Operating Expenses 4,930 4,511 (419) -8.5% 4,688 4,511 (177) -3.8% 5,941 5,750 (191) -3.2% Increase/(Decrease) in Net Assets from Operations (2,278) (1,920) % (2,126) (1,920) % (2,644) (2,378) % Alloc. of Admin. Serv. Expenses (5) -2.4% % % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (2,490) (2,127) % (2,331) (2,127) % (2,908) (2,648) % 12

17 OUTDOOR POOLS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The positive variance in Memberships Income over Budget is due to more members taking advantage of the yearround aquatic membership, which includes seasonal Outdoor Pools and year-round access to the Swim Center. This variance is expected to continue through year-end and the end-of-year projections have been adjusted accordingly. The positive variance in Cost of Sales versus Budget through the third quarter is due to the unseasonal weather, leading to a drop in attendance and thus a drop in sales, requiring less frequent inventory restocking. This savings will continue through year-end. The variances in Taxes versus the prior year through the third quarter and versus Budget at year-end are due to a successful property tax appeal in FY 14 that will reduce taxes in FY 15 and beyond. Allocation of Selling Expense is formula-driven. See the FY 15/16 Budget document, Allocation Formulas section, for a detailed explanation of the formula. Allocation of Production/Welcome Center & Community Engagement Expense is formula-driven. See the FY 15/16 Budget document, Allocation Formulas section, for a detailed explanation of the formula. 13

18 Columbia Association, Inc. OUTDOOR POOLS For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships % % % Fees (3) -0.6% % (2) -0.4% Rental Income % % % Sales (12) -16.0% (11) -14.9% (12) -16.0% Gain (Loss) on Fixed Asset Disposals % % % Other Income 6 3 (3) -50.0% 6 3 (3) -50.0% 6 6 Package Plan Allocation (124) -23.0% % (85) -13.3% Total Income 1,664 1, % 1,568 1, % 1,915 2, % Expenses: Salary & Wages 1,506 1,402 (104) -6.9% 1,403 1,402 (1) -0.1% 1,624 1,560 (64) -3.9% Annual Performance Incentives 5 5 Contract Labor Payroll Taxes (22) -14.8% (8) -5.9% (24) -14.6% Employee Benefits (17) -18.5% (13) -14.8% (20) -17.1% Cost Of Sales (26) -37.7% (17) -28.3% (24) -34.8% Operating Supplies/Expenses (63) -16.8% (73) -19.0% (11) -2.7% Insurance (14) -29.8% (3) -8.3% Fees (5) -8.9% % (2) -2.7% Rentals (17) -48.6% (7) -28.0% (16) -34.8% Taxes (22) -48.9% (58) -71.6% (30) -50.0% Utilities % % (6) -2.7% Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation (43) -8.9% % (20) -3.1% Interest Expense Allocation (9) -12.9% (1) -1.6% % Alloc. of Selling Expenses % % % Alloc. of Division's Admin (5) -6.0% (23) -22.5% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (27) -30.3% (10) -13.9% (13) -12.7% Total Operating Expenses 3,644 3,303 (341) -9.4% 3,445 3,303 (142) -4.1% 4,205 4,047 (158) -3.8% Increase/(Decrease) in Net Assets from Operations (1,980) (1,565) % (1,877) (1,565) % (2,290) (1,985) % Alloc. of Admin. Serv. Expenses % % % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (2,113) (1,704) % (2,002) (1,704) % (2,443) (2,150) % 14

19 SWIM CENTER Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (46) -12.2% This Year s Actual vs. Last Year s Actual (94) -28.6% Current Estimate vs. Budget (33) -7.1% The variance in Package Plan Allocation is due to the difference between the number of visits budgeted versus actual visits to the facility. The variances in Utilities Expenses as compared to Budget, FY 14 and at year-end are due to a delay in natural gas billing for the facility. This has been brought to the attention of BGE but has been difficult to resolve, and may not be resolved by year-end. If this matter is not resolved CA will accrue an estimate at April 30th. The variance in Repairs and Maintenance versus the prior year is related to HVAC and plumbing repairs at the Swim Center. 15

20 Columbia Association, Inc. SWIM CENTER For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships % % % Fees (40) -8.6% (75) -14.9% (72) -11.3% Rental Income (4) -6.9% (1) -1.8% (12) -12.0% Sales 9 5 (4) -44.4% (6) -42.9% Gain (Loss) on Fixed Asset Disposals Other Income % 3 1 (2) -66.7% % Package Plan Allocation (101) -25.6% (70) -19.3% % Total Income (135) -13.7% (141) -14.2% 1,382 1,310 (72) -5.2% Expenses: Salary & Wages % (2) -0.4% % Annual Performance Incentives 6 6 Contract Labor Payroll Taxes (7) -14.9% (3) -7.0% (8) -12.5% Employee Benefits (6) -10.7% (6) -10.7% (2) -2.7% Cost Of Sales % (1) -5.9% % Operating Supplies/Expenses (19) -21.8% (22) -20.0% Insurance 15 9 (6) -40.0% 11 9 (2) -18.2% Fees % % % Rentals (2) -16.7% % (5) -31.3% Taxes 12 4 (8) -66.7% 12 4 (8) -66.7% (4) -25.0% Utilities (47) -32.0% (50) -33.3% (52) -25.7% Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation % % % Interest Expense Allocation (3) -10.3% (2) -7.1% Alloc. of Selling Expenses (9) -14.9% (3) -5.5% % Alloc. of Division's Admin (7) -19.4% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (8) -25.8% (3) -11.5% (5) -11.9% Total Operating Expenses 1,286 1,208 (78) -6.1% 1,243 1,208 (35) -2.8% 1,736 1,703 (33) -1.9% Increase/(Decrease) in Net Assets from Operations (298) (355) (57) -19.1% (249) (355) (106) -42.6% (354) (393) (39) -11.0% Alloc. of Admin. Serv. Expenses (11) -13.9% (12) -15.0% (6) -5.4% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (377) (423) (46) -12.2% (329) (423) (94) -28.6% (465) (498) (33) -7.1% 16

21 MEMBER ADVANTAGE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (1) -0.3% This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget (98) -19.8% The variance in Sales Income as compared to Budget through the third quarter is due to greater than anticipated ticket and gift card sales. The variance in the Cost of Sales versus FY 14 is due to the decision, starting in FY 15, to make monthly adjustments to the ticket on-hand inventory instead of making one year-end adjustment, so that it more closely reflects the ticket cost related to sales for the period. The variance versus Budget through the third quarter is due to the sales increase noted above. 17

22 Columbia Association, Inc. MEMBER ADVANTAGE For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships 1 (1) % 1 1 Fees % % % Rental Income Sales % (136) -23.7% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation % (37) -6.3% (84) -11.8% Total Income % 1, (165) -14.2% 1,159 1,083 (76) -6.6% Expenses: Salary & Wages (8) -21.1% % Annual Performance Incentives Contract Labor Payroll Taxes 5 2 (3) -60.0% Employee Benefits 10 6 (4) -40.0% Cost Of Sales % (176) -30.2% % Operating Supplies/Expenses 6 3 (3) -50.0% Insurance Fees Rentals Taxes Utilities Repairs & Maintenance Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses % % (2) -2.2% Alloc. of Division's Admin % (8) -40.0% % Alloc. of Prod./Welcome Ctr.& Com. Engagement % 14 9 (5) -35.7% Total Operating Expenses % (185) -25.2% % Increase/(Decrease) in Net Assets from Operations % % (104) -17.7% Alloc. of Admin. Serv. Expenses % (13) -14.0% (6) -6.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (1) -0.3% % (98) -19.8% 18

23 INTENTIONALLY BLANK ` 19

24 Columbia Association, Inc. FITNESS CLUBS SUMMARY For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment (98) -46.4% (66) -36.9% (85) -40.1% Memberships (80) -10.8% % 1, (70) -6.5% Fees 1, (427) -33.3% % 1,845 1,261 (584) -31.7% Rental Income (23) -9.1% (37) -13.8% (15) -4.4% Sales (30) -49.2% (34) -41.0% Gain (Loss) on Fixed Asset Disposals % 6 3 (3) -50.0% % Other Income % % % Package Plan Allocation 8,732 8, % 8,252 8, % 11,694 11, % Total Income 11,287 10,746 (541) -4.8% 10,155 10, % 15,252 14,642 (610) -4.0% Expenses: Salary & Wages 3,755 3,460 (295) -7.9% 3,256 3, % 5,039 4,644 (395) -7.8% Annual Performance Incentives Contract Labor 9 6 (3) -33.3% % % Payroll Taxes (58) -16.5% % (60) -12.8% Employee Benefits (108) -23.4% (40) -10.2% (96) -15.3% Cost Of Sales % (3) -7.3% Operating Supplies/Expenses % % % Insurance (54) -36.2% (25) -20.8% Fees % % % Rentals (11) -3.5% % Taxes (82) -33.2% (60) -26.7% (60) -18.3% Utilities (70) -10.3% (40) -6.1% (49) -5.3% Repairs & Maintenance 1,072 1, % 1,082 1, % 1,389 1, % Comm.Assoc.Assess Share Depreciation 1, (99) -9.2% % 1,473 1,470 (3) -0.2% Interest Expense Allocation (8) -4.5% (3) -1.7% Alloc. of Selling Expenses 1,248 1, % 1,137 1, % 1,658 1, % Alloc. of Division's Admin (3) -1.3% (27) -10.7% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (63) -26.0% (2) -1.1% (30) -9.3% Total Operating Expenses 10,747 10,437 (310) -2.9% 9,450 10, % 14,468 14, % Increase/(Decrease) in Net Assets from Operations (231) -42.8% (396) -56.2% (661) -84.3% Alloc. of Admin. Serv. Expenses (43) -4.8% % 1,221 1,172 (49) -4.0% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (362) (550) (188) -51.9% (108) (550) (442) % (437) (1,049) (612) % 20

25 ATHLETIC CLUB Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget (20) -9.4% The variances in Employee Benefits as compared to Budget and FY 14 are due to vacant positions during the first half of the year. The full-time positions are currently filled; however, savings will continue through year-end and the end-of-year projections have been adjusted accordingly. 21

26 Columbia Association, Inc. ATHLETIC CLUB For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships % Fees (48) -13.3% % (38) -7.9% Rental Income % % Sales 3 2 (1) -33.3% Gain (Loss) on Fixed Asset Disposals % 4 2 (2) -50.0% % Other Income % % % Package Plan Allocation 2,136 2, % 1,967 2, % 2,883 2, % Total Income 2,654 2,636 (18) -0.7% 2,422 2, % 3,570 3,559 (11) -0.3% Expenses: Salary & Wages (75) -7.5% (41) -4.3% 1,325 1,280 (45) -3.4% Annual Performance Incentives Contract Labor % % % Payroll Taxes (15) -16.3% (7) -8.3% (4) -3.3% Employee Benefits (36) -30.8% (30) -27.0% (25) -16.1% Cost Of Sales 2 1 (1) -50.0% Operating Supplies/Expenses (12) -9.0% (13) -9.7% Insurance (11) -39.3% (5) -22.7% Fees % % Rentals (1) -50.0% 1 1 Taxes (14) -25.9% (12) -23.1% (12) -16.7% Utilities % (17) -9.1% Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation (18) -5.9% % (3) -0.7% Interest Expense Allocation (1) -2.6% (3) -7.5% Alloc. of Selling Expenses % % % Alloc. of Division's Admin (1) -1.8% (16) -22.5% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (16) -27.1% (7) -14.0% (7) -9.0% Total Operating Expenses 2,633 2,536 (97) -3.7% 2,587 2,536 (51) -2.0% 3,497 3, % Increase/(Decrease) in Net Assets from Operations % (165) % (21) -28.8% Alloc. of Admin. Serv. Expenses (1) -0.5% % (1) -0.3% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (191) (111) % (359) (111) % (213) (233) (20) -9.4% 22

27 COLUMBIA GYM Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The variances in Tuition and Enrollment Income as compared to Budget through the third quarter and at year-end are due to lower than expected attendance at summer camps hosted by the Columbia Gym. This is expected to continue through year-end and the end-of-year projections have been adjusted accordingly. The variance in Taxes versus Budget through the third quarter is due to a successful property tax appeal in FY 14 that will reduce taxes in FY 15 and beyond. 23

28 Columbia Association, Inc. COLUMBIA GYM For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment (29) -35.8% (3) -5.5% (29) -35.8% Memberships % % % Fees (71) -17.6% % (55) -10.2% Rental Income (2) -2.9% % Sales 3 1 (2) -66.7% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation 3,141 3, % 2,998 3, % 4,116 4, % Total Income 3,875 3,868 (7) -0.2% 3,583 3, % 5,070 5, % Expenses: Salary & Wages 1,083 1,024 (59) -5.4% 1,035 1,024 (11) -1.1% 1,420 1,380 (40) -2.8% Annual Performance Incentives 8 8 Contract Labor % 2 1 (1) -50.0% 1 1 Payroll Taxes (27) -23.9% (6) -6.5% (23) -16.0% Employee Benefits % (4) -2.7% % Cost Of Sales 1 (1) % 1 1 Operating Supplies/Expenses % (4) -2.4% Insurance (3) -13.0% (5) -20.0% Fees (14) -28.6% (10) -22.2% % Rentals 3 1 (2) -66.7% Taxes (32) -35.2% (24) -28.9% (24) -19.8% Utilities (16) -9.4% (8) -4.9% (8) -3.5% Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation (1) -0.5% % % Interest Expense Allocation (1) -2.0% Alloc. of Selling Expenses % % % Alloc. of Division's Admin (1) -1.7% (16) -21.3% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (16) -25.4% (6) -11.3% (7) -8.5% Total Operating Expenses 2,922 2,861 (61) -2.1% 2,848 2, % 3,842 3, % Increase/(Decrease) in Net Assets from Operations 953 1, % 735 1, % 1,228 1, % Alloc. of Admin. Serv. Expenses (1) -0.3% % % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets % % % 24

29 SUPREME SPORTS CLUB Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget (37) -28.5% The variances in Tuition and Enrollment as compared to Budget and versus FY 14 through the third quarter are due to lower than expected attendance at summer camps hosted by Supreme Sports Club. This is expected to continue through year-end and the end-of-year projections have been adjusted accordingly. The variances in Sales as compared to Budget are due to the closure of the Arena for major renovations for two months in the second quarter of FY 15 and the associated lost sales for rentals and parties. Sales Income is expected to end the year under Budget and year-end projections have been adjusted accordingly. The variance in Employee Benefits as compared to Budget is due to vacant positions during the first half of the year. The full-time positions are filled, however, Employee Benefits are expected to end the year under Budget and end-of-year projections have been adjusted accordingly. The variance in Insurance Expense versus the Budget is related to lower than anticipated general liability expenses through the third quarter and is expected to end the year on Budget. The variance in Taxes versus Budget through the third quarter is due to a successful property tax appeal in FY 14 that will reduce taxes in FY 15 and beyond. Allocation of Production/Welcome Center & Community Engagement Expense is formula-driven. See the FY 15/16 Budget document, Allocation Formulas section, for a detailed explanation of the formula. 25

30 Columbia Association, Inc. SUPREME SPORTS CLUB For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment (69) -53.1% (63) -50.8% (56) -42.7% Memberships % % % Fees (44) -17.7% (35) -14.6% (65) -19.1% Rental Income (24) -14.5% (43) -23.4% (15) -6.6% Sales (28) -50.9% (1) -3.6% (39) -52.0% Gain (Loss) on Fixed Asset Disposals % 2 1 (1) -50.0% % Other Income % % % Package Plan Allocation 3,455 3, % 3,287 3, % 4,695 4,695 Total Income 4,343 4,212 (131) -3.0% 4,150 4, % 5,855 5,712 (143) -2.4% Expenses: Salary & Wages 1,308 1,230 (78) -6.0% 1,261 1,230 (31) -2.5% 1,729 1,664 (65) -3.8% Annual Performance Incentives Contract Labor 9 (9) % 9 9 Payroll Taxes % (4) -3.6% Employee Benefits (54) -32.0% (19) -14.2% (40) -17.8% Cost Of Sales % (3) -7.5% Operating Supplies/Expenses (11) -5.9% (34) -16.1% (21) -8.5% Insurance (41) -44.1% (21) -28.8% Fees % % % Rentals % % 3 3 Taxes (36) -35.3% (24) -26.7% (24) -17.9% Utilities (41) -12.6% (16) -5.3% (25) -5.7% Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation (29) -5.7% % (14) -2.1% Interest Expense Allocation (6) -6.8% Alloc. of Selling Expenses % % % Alloc. of Division's Admin (5) -5.7% (22) -21.0% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (28) -29.8% (10) -13.2% (14) -11.5% Total Operating Expenses 4,138 3,886 (252) -6.1% 3,935 3,886 (49) -1.2% 5,517 5,422 (95) -1.7% Increase/(Decrease) in Net Assets from Operations % % (48) -14.2% Alloc. of Admin. Serv. Expenses (10) -2.9% % (11) -2.4% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (142) (11) % (117) (11) % (130) (167) (37) -28.5% 26

31 HAVEN ON THE LAKE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (454) -67.6% This Year s Actual vs. Last Year s Actual (1,046) % Current Estimate vs. Budget (568) -62.0% The variances in Memberships and Fees Income versus Budget through the third quarter and at year-end are primarily due to the approximate five-month delayed opening of Haven on the Lake. Salary & Wages, Payroll Taxes and Employee Benefits are considerably less than Budget due to the delayed opening of Haven on the Lake and are greater than last year, as there were no salary expenses in FY 14. The variances in Operating Supplies/Expenses versus Budget through the third quarter and at year-end are due to operating supplies expenses, such as uniforms, towels and office supplies, being higher than anticipated. Operating Supplies Expenses are greater than last year, as there were nominal Operating Supplies Expenses in FY 14. The variances in Fees Expense versus Budget and the prior year are primarily related to fees associated with leasing and operating the temporary sales center, fees for an outside marketing agency to develop logo and website, and consulting fees associated with the wellness spa lease. Rental expenses are greater than last year, as there were no Rental Expenses in FY 14. The variance is Utilities Expenses versus Budget through the third quarter are partially timing related as well as due to the delayed opening of the club. Repair & Maintenance Expenses are greater than budget due to the cost of contract housekeeping and last minute enhancements ordered and constructed by CA's Construction Department. There were no Repairs and Maintenance Expenses in FY 14. The variance in Depreciation Expense through the third quarter is timing related and is expected to end the year on Budget. Allocation of Division's Admin is formula-driven. See the FY 15/16 Budget document, Allocation Formulas section, for a detailed explanation of the formula. Allocation of Admin. Services Expenses is formula-driven. See the FY 15/16 Budget document, Allocation Formulas section, for a detailed explanation of the formula. 27

32 Columbia Association, Inc. HAVEN ON THE LAKE For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships (122) -84.7% % (121) -44.6% Fees (264) -97.4% % (426) -87.7% Rental Income Sales % % % Gain (Loss) on Fixed Asset Disposals Other Income % Package Plan Allocation Total Income (385) -92.8% % (537) -70.9% Expenses: Salary & Wages (83) -22.4% % (245) -43.4% Annual Performance Incentives Contract Labor Payroll Taxes (20) -45.5% % (33) -48.5% Employee Benefits (37) -74.0% % (46) -64.8% Cost Of Sales Operating Supplies/Expenses % % % Insurance % % 7 7 Fees % % % Rentals (10) -3.3% % Taxes Utilities 26 1 (25) -96.2% % (16) -34.8% Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation 51 (51) % % Interest Expense Allocation Alloc. of Selling Expenses 19 3 (16) -84.2% % (13) -37.1% Alloc. of Division's Admin % % % Alloc. of Prod./Welcome Ctr.& Com. Engagement (3) -11.5% % (2) -5.0% Total Operating Expenses 1,054 1, % 80 1,154 1, % 1,612 1, % Increase/(Decrease) in Net Assets from Operations (639) (1,124) (485) -75.9% (80) (1,124) (1,044) % (855) (1,466) (611) -71.5% Alloc. of Admin. Serv. Expenses 33 2 (31) -93.9% % (43) -70.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (672) (1,126) (454) -67.6% (80) (1,126) (1,046) % (916) (1,484) (568) -62.0% 28

33 INTENTIONALLY BLANK ` 29

34 Columbia Association, Inc. GOLF CLUB SUMMARY For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships (7) -1.2% % (17) -2.2% Fees 1, (173) -14.9% 1, (138) -12.3% 1,465 1,120 (345) -23.5% Rental Income (62) -18.9% (21) -7.3% (59) -14.4% Sales % (31) -18.9% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation % (1) -0.1% (15) -1.7% Total Income 2,848 2,680 (168) -5.9% 2,840 2,680 (160) -5.6% 3,710 3,274 (436) -11.8% Expenses: Salary & Wages % % 1,309 1, % Annual Performance Incentives Contract Labor Payroll Taxes (2) -2.3% (1) -1.2% Employee Benefits (47) -25.7% (38) -21.8% (44) -18.0% Cost Of Sales % % % Operating Supplies/Expenses % (29) -12.0% Insurance (8) -25.0% (6) -20.0% Fees % % % Rentals % % % Taxes % % % Utilities (16) -17.2% (11) -12.5% (10) -8.1% Repairs & Maintenance (10) -3.5% (11) -3.8% Comm.Assoc.Assess Share Depreciation (40) -8.4% (33) -7.0% (33) -5.2% Interest Expense Allocation (7) -6.1% (8) -6.9% (1) -0.6% Alloc. of Selling Expenses % % % Alloc. of Division's Admin % (19) -21.6% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (17) -23.6% (7) -11.3% (6) -6.4% Total Operating Expenses 2,999 2,978 (21) -0.7% 3,035 2,978 (57) -1.9% 3,975 4, % Increase/(Decrease) in Net Assets from Operations (151) (298) (147) -97.4% (195) (298) (103) -52.8% (265) (741) (476) % Alloc. of Admin. Serv. Expenses (13) -5.7% (12) -5.3% (35) -11.8% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (379) (513) (134) -35.4% (422) (513) (91) -21.6% (562) (1,003) (441) -78.5% 30

35 FAIRWAY HILLS GOLF CLUB Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (81) -63.8% This Year s Actual vs. Last Year s Actual (55) -35.9% Current Estimate vs. Budget (148) -69.5% The variance in Employee Benefits versus Budget through the third quarter and at year-end, and as compared to the prior year are due to lower than expected utilization of CA benefits primarily due to eligibility for the retirement plan and health care elections by newly hired golf maintenance personnel. This savings is expected to carry through to year-end. 31

36 Columbia Association, Inc. FAIRWAY HILLS GOLF CLUB For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships % % % Fees (56) -7.8% (24) -3.5% (167) -17.8% Rental Income (23) -17.0% (22) -16.4% (20) -11.8% Sales % (18) -18.0% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation (3) -1.2% (6) -1.9% Total Income 1,203 1,136 (67) -5.6% 1,193 1,136 (57) -4.8% 1,569 1,384 (185) -11.8% Expenses: Salary & Wages % % Annual Performance Incentives 4 4 Contract Labor Payroll Taxes % % Employee Benefits (30) -35.3% (28) -33.7% (39) -34.2% Cost Of Sales % % Operating Supplies/Expenses % (4) -4.3% Insurance (4) -28.6% (3) -23.1% Fees % % % Rentals 7 5 (2) -28.6% 6 5 (1) -16.7% 9 9 Taxes % % % Utilities (4) -8.9% % Repairs & Maintenance (13) -10.5% % Comm.Assoc.Assess Share Depreciation (2) -1.3% % Interest Expense Allocation (1) -1.7% Alloc. of Selling Expenses % % % Alloc. of Division's Admin % (7) -18.9% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (6) -20.0% (2) -7.7% (3) -7.5% Total Operating Expenses 1,234 1, % 1,251 1, % 1,656 1,634 (22) -1.3% Increase/(Decrease) in Net Assets from Operations (31) (117) (86) % (58) (117) (59) % (87) (250) (163) % Alloc. of Admin. Serv. Expenses (5) -5.2% (4) -4.2% (15) -11.9% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (127) (208) (81) -63.8% (153) (208) (55) -35.9% (213) (361) (148) -69.5% 32

37 HOBBIT'S GLEN GOLF CLUB Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (53) -21.0% This Year s Actual vs. Last Year s Actual (36) -13.4% Current Estimate vs. Budget (293) -84.0% The variances in Fees Income versus Budget and versus the prior year are due to the lower than expected outings primarily because of the construction of the Clubhouse. This variance is expected to carry through to year-end and end-of-year projections have been adjusted accordingly. The variances in Rental Expenses versus Budget and versus the prior year though the third quarter are primarily due to trailer rental for use as a temporary pro shop and for clubhouse operations during the clubhouse construction. These expenses could not be capitalized as part of the Clubhouse construction project. This variance is expected to carry through to year-end and end-of-year projections have been adjusted. 33

38 Columbia Association, Inc. HOBBIT'S GLEN GOLF CLUB For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships (15) -2.7% % (25) -3.3% Fees (117) -26.7% (114) -26.2% (178) -33.7% Rental Income (39) -20.2% % (39) -16.3% Sales % (13) -20.3% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation % % (9) -1.6% Total Income 1,645 1,544 (101) -6.1% 1,647 1,544 (103) -6.3% 2,141 1,890 (251) -11.7% Expenses: Salary & Wages (33) -6.0% % % Annual Performance Incentives 8 8 Contract Labor Payroll Taxes (6) -12.2% (2) -4.4% Employee Benefits (17) -17.3% (10) -11.0% (5) -3.8% Cost Of Sales % % % Operating Supplies/Expenses % (25) -17.0% Insurance (4) -22.2% (3) -17.6% Fees % % Rentals % % % Taxes % % % Utilities (12) -25.0% (16) -30.8% (10) -15.6% Repairs & Maintenance % (17) -9.2% Comm.Assoc.Assess Share Depreciation (40) -12.1% (31) -9.7% (35) -8.0% Interest Expense Allocation (7) -12.5% (7) -12.5% (1) -1.3% Alloc. of Selling Expenses % % % Alloc. of Division's Admin (12) -23.5% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (11) -26.2% (5) -13.9% (3) -5.6% Total Operating Expenses 1,765 1,725 (40) -2.3% 1,784 1,725 (59) -3.3% 2,319 2, % Increase/(Decrease) in Net Assets from Operations (120) (181) (61) -50.8% (137) (181) (44) -32.1% (178) (491) (313) % Alloc. of Admin. Serv. Expenses (8) -6.1% (8) -6.1% (20) -11.7% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (252) (305) (53) -21.0% (269) (305) (36) -13.4% (349) (642) (293) -84.0% 34

39 HORSE CENTER Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 1 5.6% This Year s Actual vs. Last Year s Actual (5) -41.7% Current Estimate vs. Budget 1 4.2% No line-item variance over 25 percent and $25,

40 Columbia Association, Inc. HORSE CENTER For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income % Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income % Expenses: Salary & Wages Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses Insurance Fees Rentals Taxes Utilities Repairs & Maintenance % % 5 5 Comm.Assoc.Assess Share Depreciation (1) -4.3% % (1) -3.2% Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses % (1) -2.4% Increase/(Decrease) in Net Assets from Operations (17) (16) 1 5.9% (11) (16) (5) -45.5% (22) (21) 1 4.5% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (18) (17) 1 5.6% (12) (17) (5) -41.7% (24) (23) 1 4.2% 36

41 ICE RINK Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The variance in Insurance Expense versus the Budget is related to lower than anticipated general liability expenses through the third quarter and is expected to end the year on Budget. 37

42 Columbia Association, Inc. ICE RINK For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships 2 1 (1) -50.0% 2 1 (1) -50.0% 2 2 Fees (20) -7.5% % Rental Income % % % Sales (10) -20.0% % (10) -13.5% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation (9) -40.9% % (2) -6.5% Total Income % % 1,126 1, % Expenses: Salary & Wages % % (3) -0.9% Annual Performance Incentives 4 4 Contract Labor Payroll Taxes (2) -8.3% Employee Benefits (3) -12.5% (1) -4.5% Cost Of Sales (13) -35.1% (8) -16.0% Operating Supplies/Expenses (6) -12.5% % Insurance (26) -46.4% (14) -31.8% Fees (18) -25.4% % Rentals % % Taxes (6) -27.3% (5) -23.8% (4) -13.8% Utilities (28) -20.4% (5) -4.4% (22) -12.1% Repairs & Maintenance (16) -23.5% (7) -11.9% (3) -3.4% Comm.Assoc.Assess Share Depreciation % % % Interest Expense Allocation 8 7 (1) -12.5% 8 7 (1) -12.5% Alloc. of Selling Expenses 3 2 (1) -33.3% % 4 4 Alloc. of Division's Admin (1) -5.0% (4) -17.4% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (7) -31.8% (2) -11.8% (3) -10.3% Total Operating Expenses (106) -12.3% (9) -1.2% 1,155 1,119 (36) -3.1% Increase/(Decrease) in Net Assets from Operations (85) % (54) % (29) % Alloc. of Admin. Serv. Expenses % % % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (147) (28) % (111) (28) % (119) (68) % 38

43 INDOOR & OUTDOOR TENNIS CLUBS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The positive variance in Tuition and Enrollment Income versus FY 14 through third quarter is due to the reclassification of the new adult and junior programs from Fees Income. The variance in Utilities Expenses versus Budget is timing related. Utility costs for Tennis are primarily related to the heating of the Owen Brown Tennis Bubble, which are generally realized during the second half of the year. Depreciation Expense is less than Budget through the third quarter and at year-end partially due to the demolition of the Owen Brown Tennis Clubhouse in the fourth quarter of FY 14, resulting in no depreciation expense for that structure. The variance in Depreciation Expense versus the prior year through the third quarter is due to fixed asset additions. 39

44 Columbia Association, Inc. INDOOR & OUTDOOR TENNIS CLUBS For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment (3) -7.3% % Memberships (18) -32.1% (8) -17.4% (24) -32.4% Fees 1,057 1, % 898 1, % 1,408 1, % Rental Income 6 4 (2) -33.3% Sales % % % Gain (Loss) on Fixed Asset Disposals Other Income 1 (1) % 6 (6) % 2 2 Package Plan Allocation (22) -11.1% % (8) -2.1% Total Income 1,366 1,346 (20) -1.5% 1,107 1, % 1,918 1,912 (6) -0.3% Expenses: Salary & Wages % % Annual Performance Incentives 4 4 Contract Labor Payroll Taxes (1) -2.1% % (1) -1.6% Employee Benefits (22) -27.5% % (21) -19.8% Cost Of Sales % % % Operating Supplies/Expenses % % % Insurance 11 6 (5) -45.5% 9 6 (3) -33.3% Fees % % % Rentals % % % Taxes 12 8 (4) -33.3% 12 8 (4) -33.3% Utilities (37) -34.9% (31) -31.0% (6) -4.3% Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation (58) -27.6% % (73) -26.2% Interest Expense Allocation (3) -17.6% % Alloc. of Selling Expenses (3) -8.8% % % Alloc. of Division's Admin (1) -3.3% (3) -9.4% % Alloc. of Prod./Welcome Ctr.& Com. Engagement (9) -28.1% % (4) -9.8% Total Operating Expenses 1,279 1,203 (76) -5.9% 1,059 1, % 1,690 1,647 (43) -2.5% Increase/(Decrease) in Net Assets from Operations % % % Alloc. of Admin. Serv. Expenses (1) -0.9% % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (22) % (41) % % 40

45 INTENTIONALLY BLANK ` 41

46 Columbia Association, Inc. SKATEPARK/SPORTSPARK SUMMARY For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment (2) -7.4% (3) -10.7% (2) -7.4% Memberships 1 1 Fees % % % Rental Income (4) -5.9% % (4) -5.3% Sales (2) -12.5% (2) -12.5% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation (9) -9.8% % Total Income (13) -4.5% (2) -0.7% % Expenses: Salary & Wages (3) -2.5% (3) -2.5% (2) -1.4% Annual Performance Incentives 2 2 Contract Labor Payroll Taxes (1) -7.1% Employee Benefits % % % Cost Of Sales 12 9 (3) -25.0% 10 9 (1) -10.0% Operating Supplies/Expenses (1) -4.2% (6) -20.7% Insurance 4 3 (1) -25.0% 4 3 (1) -25.0% 5 5 Fees % % % Rentals 6 3 (3) -50.0% % 7 7 Taxes Utilities (6) -27.3% (3) -15.8% Repairs & Maintenance (12) -40.0% (14) -43.8% Comm.Assoc.Assess Share Depreciation (7) -7.7% % (9) -7.4% Interest Expense Allocation (1) -5.9% Alloc. of Selling Expenses % % Alloc. of Division's Admin (3) -25.0% Alloc. of Prod./Welcome Ctr.& Com. Engagement 10 7 (3) -30.0% 8 7 (1) -12.5% (1) -8.3% Total Operating Expenses (33) -8.4% (22) -5.7% (2) -0.4% Increase/(Decrease) in Net Assets from Operations (104) (84) % (104) (84) % (200) (160) % Alloc. of Admin. Serv. Expenses (1) -4.3% (1) -4.3% % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (127) (106) % (127) (106) % (224) (187) % 42

47 SKATEPARK Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (10) -41.7% This Year s Actual vs. Last Year s Actual (4) -13.3% Current Estimate vs. Budget (10) -27.0% No line-item variance over 25 percent and $25,

48 Columbia Association, Inc. SKATEPARK For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment (2) -7.4% (3) -10.7% (2) -7.4% Memberships 1 1 Fees 5 3 (2) -40.0% 4 3 (1) -25.0% 6 4 (2) -33.3% Rental Income % % % Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation 9 1 (8) -88.9% % Total Income (11) -26.8% (3) -9.1% Expenses: Salary & Wages % % % Annual Performance Incentives Contract Labor Payroll Taxes % % Employee Benefits % % Cost Of Sales Operating Supplies/Expenses % % 7 7 Insurance Fees % % Rentals 3 (3) % 3 3 Taxes 1 (1) % 1 1 Utilities 7 4 (3) -42.9% 5 4 (1) -20.0% 9 9 Repairs & Maintenance 4 (4) % 6 6 Comm.Assoc.Assess Share Depreciation 9 8 (1) -11.1% 9 8 (1) -11.1% Interest Expense Allocation 2 1 (1) -50.0% Alloc. of Selling Expenses 1 (1) % % Alloc. of Division's Admin % Alloc. of Prod./Welcome Ctr.& Com. Engagement 2 1 (1) -50.0% Total Operating Expenses % % Increase/(Decrease) in Net Assets from Operations (21) (32) (11) -52.4% (27) (32) (5) -18.5% (34) (44) (10) -29.4% Alloc. of Admin. Serv. Expenses 3 2 (1) -33.3% 3 2 (1) -33.3% 3 3 Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (24) (34) (10) -41.7% (30) (34) (4) -13.3% (37) (47) (10) -27.0% 44

49 SPORTS PARK Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The variance in Package Plan Allocation is due to the difference between the number of visits budgeted versus estimated visits to the facility. 45

50 Columbia Association, Inc. SPORTS PARK For the Period Ended January 31, 2015 ($000's) SPORT AND FITNESS DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees % % % Rental Income (5) -7.4% (5) -6.7% Sales (2) -12.5% (2) -12.5% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation (1) -1.2% % Total Income (2) -0.8% % % Expenses: Salary & Wages (10) -10.2% (5) -5.4% (7) -5.9% Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 10 8 (2) -20.0% (2) -16.7% Employee Benefits % % Cost Of Sales 12 9 (3) -25.0% 10 9 (1) -10.0% Operating Supplies/Expenses (3) -15.8% (8) -33.3% Insurance 3 2 (1) -33.3% 3 2 (1) -33.3% 4 4 Fees % % 9 9 Rentals % 4 4 Taxes % Utilities (3) -20.0% (2) -14.3% Repairs & Maintenance (8) -30.8% (14) -43.8% Comm.Assoc.Assess Share Depreciation (6) -7.3% % (9) -8.3% Interest Expense Allocation Alloc. of Selling Expenses % % % Alloc. of Division's Admin. 8 7 (1) -12.5% 10 7 (3) -30.0% Alloc. of Prod./Welcome Ctr.& Com. Engagement 8 6 (2) -25.0% 7 6 (1) -14.3% 10 9 (1) -10.0% Total Operating Expenses (33) -9.9% (24) -7.4% (12) -2.8% Increase/(Decrease) in Net Assets from Operations (83) (52) % (77) (52) % (166) (116) % Alloc. of Admin. Serv. Expenses % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (103) (72) % (97) (72) % (187) (140) % 46

51 INTENTIONALLY BLANK ` 47

52 Columbia Association, Inc. COMMUNITY SERVICES DIVISION SUMMARY For the Period Ended January 31, 2015 ($000's) LIFE SERVICES SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment 2,900 2,708 (192) -6.6% 2,770 2,708 (62) -2.2% 3,979 3,808 (171) -4.3% Memberships Fees % (2) -3.1% % Rental Income (5) -11.9% % % Sales (12) -50.0% (4) -25.0% Gain (Loss) on Fixed Asset Disposals Other Income % % % Package Plan Allocation Total Income 3,024 2,926 (98) -3.2% 2,970 2,926 (44) -1.5% 4,136 4,072 (64) -1.5% Expenses: Salary & Wages 2,223 2, % 2,234 2, % 2,897 3, % Annual Performance Incentives Contract Labor 6 (6) % 1 (1) % 7 7 Payroll Taxes (2) -1.0% Employee Benefits (25) -9.0% (20) -7.4% (22) -6.0% Cost Of Sales 14 8 (6) -42.9% 11 8 (3) -27.3% (5) -31.3% Operating Supplies/Expenses (116) -22.4% (109) -21.3% (65) -10.2% Insurance (27) -35.1% (15) -23.1% (12) -11.9% Fees (219) -31.1% (212) -30.4% (190) -23.5% Rentals (36) -25.0% % (21) -11.5% Taxes 38 9 (29) -76.3% 30 9 (21) -70.0% Utilities (13) -15.9% % % Repairs & Maintenance (25) -7.1% % % Comm.Assoc.Assess Share 2,223 2, % 2,172 2, % 2,964 2,964 Depreciation (12) -1.8% % % Interest Expense Allocation (2) -1.9% % % Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (53) -27.6% (21) -13.1% (24) -9.8% Total Operating Expenses 7,809 7,331 (478) -6.1% 7,562 7,331 (231) -3.1% 10,139 9,921 (218) -2.2% Increase/(Decrease) in Net Assets from Operations (4,785) (4,405) % (4,592) (4,405) % (6,003) (5,849) % Alloc. of Admin. Serv. Expenses 1,322 1,214 (108) -8.2% 1,264 1,214 (50) -4.0% 1,724 1,659 (65) -3.8% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (6,107) (5,619) % (5,856) (5,619) % (7,727) (7,508) % 48

53 COMMUNITY SERV. ADMINISTRATION Amount % Alloc. of Division's Admin. Year-to-Date Actual vs. Budget 2 0.5% This Year s Actual vs. Last Year s Actual (20) -4.8% Current Estimate vs. Budget (27) -4.5% The variances in Fees Expense actual compared to Budget and year-end are due to an unbudgeted expense associated with CA's partnership in the Howard County health survey. 49

54 Columbia Association, Inc. COMMUNITY SERV. ADMINISTRATION For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income Expenses: Salary & Wages (5) -1.6% % Annual Performance Incentives 9 9 Contract Labor Payroll Taxes (1) -4.3% (1) -4.3% Employee Benefits (4) -9.1% (3) -7.0% Cost Of Sales Operating Supplies/Expenses (16) -45.7% (5) -20.8% Insurance Fees % % % Rentals % Taxes Utilities Repairs & Maintenance 4 1 (3) -75.0% Comm.Assoc.Assess Share Depreciation % % % Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. (439) (437) 2 0.5% (417) (437) (20) -4.8% (594) (621) (27) -4.5% Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses Increase/(Decrease) in Net Assets from Operations Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 50

55 ART CENTER Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (40) -8.4% This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget (46) -7.2% The variance between FY 15 Tuition and Enrollment Income as compared to Budget through the third quarter is primarily due to fewer than anticipated art camp participants and an aggressive income budget. 51

56 Columbia Association, Inc. ART CENTER For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment (86) -39.4% (15) -10.2% (67) -24.8% Memberships Fees % 9 5 (4) -44.4% % Rental Income 8 7 (1) -12.5% % Sales (12) -52.2% (4) -26.7% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income (94) -37.8% (21) -11.9% (62) -20.0% Expenses: Salary & Wages % % Annual Performance Incentives 4 4 Contract Labor 1 (1) % Payroll Taxes (1) -3.4% Employee Benefits (4) -10.3% (1) -2.8% (4) -7.7% Cost Of Sales 12 7 (5) -41.7% 11 7 (4) -36.4% 14 9 (5) -35.7% Operating Supplies/Expenses (2) -3.6% (11) -16.9% (4) -5.9% Insurance 7 5 (2) -28.6% 6 5 (1) -16.7% 9 9 Fees % 11 8 (3) -27.3% % Rentals Taxes 3 1 (2) -66.7% 3 1 (2) -66.7% 4 4 Utilities (6) -20.7% (2) -8.0% Repairs & Maintenance (22) -51.2% (5) -19.2% Comm.Assoc.Assess Share Depreciation (2) -5.4% (17) -32.7% (4) -8.0% Interest Expense Allocation (1) -33.3% 3 3 Alloc. of Selling Expenses Alloc. of Division's Admin % % Alloc. of Prod./Welcome Ctr.& Com. Engagement (5) -31.3% (2) -15.4% (2) -10.0% Total Operating Expenses (47) -7.4% (39) -6.3% (14) -1.7% Increase/(Decrease) in Net Assets from Operations (383) (430) (47) -12.3% (448) (430) % (512) (560) (48) -9.4% Alloc. of Admin. Serv. Expenses (7) -7.4% (6) -6.4% (2) -1.6% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (478) (518) (40) -8.4% (542) (518) % (635) (681) (46) -7.2% 52

57 ASSESSMENT SHARE - COMMUNITY ASSOCIATIONS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual 9 0.2% Current Estimate vs. Budget % The variances in Other Income compared to Budget and year-end are due to collection of fees from covenant cases. The variance in Fees Expenses compared to the prior year are related to a reduction in consulting fees related to building maintenance. The variance in FY 15 Taxes compared to Budget is primarily due to a successful property tax appeal in FY 14 that will reduce taxes in FY 15 and beyond and partially due to a timing variance with the budget spread. 53

58 Columbia Association, Inc. ASSESSMENT SHARE - COMMUNITY ASSOCIATIONS For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income % (5) -12.5% % Package Plan Allocation Total Income % (5) -12.5% % Expenses: Salary & Wages 4 (1) (5) % 14 (1) (15) % 5 (1) (6) % Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses 5 (3) (8) % 3 (3) (6) % 6 (3) (9) % Insurance (3) -13.0% Fees % (74) -29.6% Rentals Taxes 34 8 (26) -76.5% 26 8 (18) -69.2% Utilities 8 7 (1) -12.5% % Repairs & Maintenance (2) -0.8% % Comm.Assoc.Assess Share 2,223 2, % 2,172 2, % 2,964 2,964 Depreciation (13) -2.2% % % Interest Expense Allocation (1) -1.1% % % Alloc. of Selling Expenses Alloc. of Division's Admin % % % Alloc. of Prod./Welcome Ctr.& Com. Engagement (21) -23.3% (8) -10.4% (9) -7.6% Total Operating Expenses 3,664 3,627 (37) -1.0% 3,629 3,627 (2) -0.1% 4,885 4,883 (2) 0.0% Increase/(Decrease) in Net Assets from Operations (3,664) (3,592) % (3,589) (3,592) (3) -0.1% (4,885) (4,848) % Alloc. of Admin. Serv. Expenses (32) -4.9% (12) -1.9% (22) -2.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (4,322) (4,218) % (4,227) (4,218) 9 0.2% (5,764) (5,705) % 54

59 COLUMBIA ARCHIVES Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual (21) -10.3% Current Estimate vs. Budget % No line-item variance over 25 percent and $25,

60 Columbia Association, Inc. COLUMBIA ARCHIVES For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees % 2 2 Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income % % % Package Plan Allocation Total Income % % % Expenses: Salary & Wages (3) -2.4% % Annual Performance Incentives 2 2 Contract Labor 4 (4) % 5 5 Payroll Taxes 10 9 (1) -10.0% Employee Benefits (1) -4.5% Cost Of Sales % 1 1 Operating Supplies/Expenses (14) -56.0% (10) -31.3% Insurance 2 1 (1) -50.0% Fees % % Rentals (3) -8.6% % Taxes Utilities % % 1 1 Repairs & Maintenance 2 (2) % 2 2 Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin (1) -7.1% % % Alloc. of Prod./Welcome Ctr.& Com. Engagement 6 4 (2) -33.3% (1) -12.5% Total Operating Expenses (25) -10.1% % (10) -3.0% Increase/(Decrease) in Net Assets from Operations (231) (192) % (175) (192) (17) -9.7% (308) (289) % Alloc. of Admin. Serv. Expenses (4) -10.8% % (2) -4.0% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (268) (225) % (204) (225) (21) -10.3% (358) (337) % 56

61 FAMILY LIFE CENTER BUILDING LEASE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (4) -17.4% This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget (2) -7.1% No line-item variance over 25 percent and $25,

62 Columbia Association, Inc. FAMILY LIFE CENTER BUILDING LEASE For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income (3) -9.7% (1) -3.4% Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income (3) -9.7% (1) -3.4% Expenses: Salary & Wages Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses Insurance Fees Rentals Taxes Utilities % % Repairs & Maintenance % 9 4 (5) -55.6% 4 4 Comm.Assoc.Assess Share Depreciation % % Interest Expense Allocation (1) -9.1% (1) -9.1% Alloc. of Selling Expenses Alloc. of Division's Admin Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses % (5) -9.4% % Increase/(Decrease) in Net Assets from Operations (16) (20) (4) -25.0% (24) (20) % (19) (21) (2) -10.5% Alloc. of Admin. Serv. Expenses (1) -12.5% 9 9 Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (23) (27) (4) -17.4% (32) (27) % (28) (30) (2) -7.1% 58

63 GRANTS - CITY WIDE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The variances in Fees Expenses compared to Budget, the prior year and at year-end are due to writing off $190,000 of grants fees expenses in the first quarter, related to the State of Maryland assigning a $190,000 bond bill grant from CA to Inner Arbor Trust, Inc. for the design and construction of Symphony Woods Park. The Allocation of Administrative Services Expenses is formula-driven. See the FY 15/16 Budget, Allocation Formulas section, for a detailed explanation. 59

64 Columbia Association, Inc. GRANTS - CITY WIDE For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses Insurance Fees (250) -67.2% (143) -54.0% (190) -48.2% Rentals Taxes Utilities Repairs & Maintenance Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin (15) -65.2% 16 8 (8) -50.0% (11) -44.0% Alloc. of Prod./Welcome Ctr.& Com. Engagement 10 3 (7) -70.0% 6 3 (3) -50.0% 10 5 (5) -50.0% Total Operating Expenses (272) -67.2% (154) -53.7% (206) -48.0% Increase/(Decrease) in Net Assets from Operations (405) (133) % (287) (133) % (429) (223) % Alloc. of Admin. Serv. Expenses (41) -67.2% (23) -53.5% (31) -48.4% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (466) (153) % (330) (153) % (493) (256) % 60

65 LAKEFRONT FESTIVAL Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The variances in Operating Supplies Expenses compared to Budget and the prior year are related partially to movie expenses being charged to Fees Expenses, though they were budgeted as an operating expense, and due to savings in the Festival contract which included movie rental expenses in FY 15 that were not part of the contract in FY 14. Additional savings are due to fewer supplies needed to operate the summer Lakefront Festival than originally anticipated. 61

66 Columbia Association, Inc. LAKEFRONT FESTIVAL For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income % % Sales Gain (Loss) on Fixed Asset Disposals Other Income 2 (2) % 2 2 Package Plan Allocation Total Income % Expenses: Salary & Wages 1 (1) % 1 (1) % 1 1 Annual Performance Incentives Contract Labor 2 (2) % 2 2 Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses 37 2 (35) -94.6% 35 2 (33) -94.3% (22) -59.5% Insurance Fees (19) -22.4% % (20) -20.0% Rentals 3 (3) % 3 3 Taxes Utilities Repairs & Maintenance 2 (2) % 3 3 Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 8 4 (4) -50.0% 6 4 (2) -33.3% 9 7 (2) -22.2% Alloc. of Prod./Welcome Ctr.& Com. Engagement 3 1 (2) -66.7% 2 1 (1) -50.0% 4 3 (1) -25.0% Total Operating Expenses (68) -48.2% (34) -31.8% (45) -28.3% Increase/(Decrease) in Net Assets from Operations (139) (71) % (105) (71) % (157) (110) % Alloc. of Admin. Serv. Expenses (10) -47.6% (5) -31.3% (7) -29.2% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (160) (82) % (121) (82) % (181) (127) % 62

67 INTERNATIONAL EXCHANGE AND MULTI-CULTURAL PROGRAM Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 4 3.4% This Year s Actual vs. Last Year s Actual 3 2.6% Current Estimate vs. Budget 6 3.9% No line-item variance over 25 percent and $25,

68 Columbia Association, Inc. INTERNATIONAL EXCHANGE AND MULTI-CULTURAL PROGRAM For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees (2) -9.1% % Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income % 4 3 (1) -25.0% % Package Plan Allocation Total Income % % Expenses: Salary & Wages % % Annual Performance Incentives 2 2 Contract Labor Payroll Taxes Employee Benefits (1) -6.7% Cost Of Sales Operating Supplies/Expenses (12) -44.4% % (10) -33.3% Insurance 1 (1) % 1 (1) % 1 1 Fees % (9) -28.1% % Rentals % % Taxes Utilities 1 (1) % Repairs & Maintenance 1 (1) % Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin Alloc. of Prod./Welcome Ctr.& Com. Engagement 3 2 (1) -33.3% 3 2 (1) -33.3% 4 3 (1) -25.0% Total Operating Expenses (3) -2.5% (3) -2.5% (2) -1.3% Increase/(Decrease) in Net Assets from Operations (98) (94) 4 4.1% (97) (94) 3 3.1% (129) (124) 5 3.9% Alloc. of Admin. Serv. Expenses (1) -4.3% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (116) (112) 4 3.4% (115) (112) 3 2.6% (152) (146) 6 3.9% 64

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70 Columbia Association, Inc. YOUTH SERVICES SUMMARY For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment 2,682 2,576 (106) -4.0% 2,623 2,576 (47) -1.8% 3,709 3,605 (104) -2.8% Memberships Fees % % Rental Income 3 (3) % 4 4 Sales Gain (Loss) on Fixed Asset Disposals Other Income % % % Package Plan Allocation Total Income 2,699 2,648 (51) -1.9% 2,678 2,648 (30) -1.1% 3,732 3,681 (51) -1.4% Expenses: Salary & Wages 1,410 1, % 1,449 1, % 1,826 1, % Annual Performance Incentives Contract Labor Payroll Taxes % % Employee Benefits (15) -9.6% (16) -10.1% (18) -8.8% Cost Of Sales 1 (1) % 1 1 Operating Supplies/Expenses (29) -8.7% (58) -16.0% (10) -2.4% Insurance (20) -46.5% (13) -36.1% (12) -20.7% Fees (19) -26.0% (11) -16.9% (15) -17.6% Rentals (32) -34.8% (9) -13.0% (22) -19.3% Taxes 1 (1) % 1 (1) % 1 1 Utilities (7) -16.7% (1) -2.8% Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation % % % Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin % % % Alloc. of Prod./Welcome Ctr.& Com. Engagement (15) -23.8% (6) -11.1% (5) -6.3% Total Operating Expenses 2,548 2,521 (27) -1.1% 2,545 2,521 (24) -0.9% 3,296 3, % Increase/(Decrease) in Net Assets from Operations (24) -15.9% (6) -4.5% (110) -25.2% Alloc. of Admin. Serv. Expenses (14) -3.3% (7) -1.7% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (274) (284) (10) -3.6% (285) (284) 1 0.4% (116) (226) (110) -94.8% 66

71 CAMPS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (283) % This Year s Actual vs. Last Year s Actual (63) -16.1% Current Estimate vs. Budget (277) % The variances in FY 15 Tuition and Enrollment as compared to Budget, last year and year-end are due to one less week of camps related to snow days, lower camp enrollment and a significant increase in income qualified participants. 67

72 Columbia Association, Inc. CAMPS For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment (258) -54.5% (115) -34.8% (260) -54.7% Memberships Fees % (6) -26.1% % Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income (241) -51.0% (121) -34.3% (243) -51.2% Expenses: Salary & Wages % (32) -8.7% % Annual Performance Incentives 2 2 Contract Labor Payroll Taxes % (4) -11.8% Employee Benefits % (11) -28.9% % Cost Of Sales Operating Supplies/Expenses (11) -15.3% (2) -3.2% (10) -12.5% Insurance 10 5 (5) -50.0% 8 5 (3) -37.5% (3) -23.1% Fees (12) -33.3% (4) -14.3% (13) -35.1% Rentals % (1) -2.6% (2) -5.0% Taxes Utilities (2) -33.3% 5 5 Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin % % Alloc. of Prod./Welcome Ctr.& Com. Engagement (3) -21.4% (3) -21.4% Total Operating Expenses % (51) -7.9% % Increase/(Decrease) in Net Assets from Operations (88) (365) (277) % (295) (365) (70) -23.7% (156) (429) (273) % Alloc. of Admin. Serv. Expenses % (7) -7.2% % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (172) (455) (283) % (392) (455) (63) -16.1% (251) (528) (277) % 68

73 SCHOOL AGE SERVICES Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The variance in Rentals compared to Budget through the third quarter is due to timing with the budget spread and is expected to end the year slightly under Budget. 69

74 Columbia Association, Inc. SCHOOL AGE SERVICES For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment 2,204 2, % 2,288 2, % 3,229 3, % Memberships Fees % % % Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income 14 (14) % Package Plan Allocation Total Income 2,204 2, % 2,315 2, % 3,229 3, % Expenses: Salary & Wages 995 1, % 981 1, % 1,336 1, % Annual Performance Incentives 5 5 Contract Labor Payroll Taxes (1) -1.1% % Employee Benefits (18) -14.9% (5) -4.6% (20) -12.4% Cost Of Sales Operating Supplies/Expenses (7) -3.0% (59) -20.8% Insurance (14) -48.3% (9) -37.5% (9) -23.1% Fees (16) -61.5% (7) -41.2% (10) -29.4% Rentals (33) -60.0% (4) -15.4% (20) -27.0% Taxes Utilities (5) -27.8% % Repairs & Maintenance 13 4 (9) -69.2% Comm.Assoc.Assess Share Depreciation % 4 3 (1) -25.0% Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin % % % Alloc. of Prod./Welcome Ctr.& Com. Engagement (10) -23.8% (3) -8.6% (4) -7.1% Total Operating Expenses 1,721 1,673 (48) -2.8% 1,669 1, % 2,309 2, % Increase/(Decrease) in Net Assets from Operations % % 920 1, % Alloc. of Admin. Serv. Expenses (18) -6.0% (4) -1.4% (6) -1.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets % % % 70

75 YOUTH AND TEEN CENTER AT THE BARN Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget 9 2.4% The variance in Other Income versus the prior year is due to receipt of a grant in FY 15 that was originally budgeted for receipt in FY

76 Columbia Association, Inc. YOUTH AND TEEN CENTER AT THE BARN For the Period Ended January 31, 2015 ($000's) COMMUNITY SERVICES DIVISION (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment % % % Memberships Fees Rental Income 3 (3) % 4 4 Sales Gain (Loss) on Fixed Asset Disposals Other Income % % % Package Plan Allocation Total Income % % % Expenses: Salary & Wages (4) -3.4% % Annual Performance Incentives 3 3 Contract Labor Payroll Taxes 11 9 (2) -18.2% Employee Benefits (2) -14.3% Cost Of Sales 1 (1) % 1 1 Operating Supplies/Expenses (11) -37.9% % Insurance 4 3 (1) -25.0% 4 3 (1) -25.0% 6 6 Fees % % Rentals 4 (4) % Taxes 1 (1) % 1 (1) % 1 1 Utilities (2) -10.0% Repairs & Maintenance % Comm.Assoc.Assess Share Depreciation % % % Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin % % Alloc. of Prod./Welcome Ctr.& Com. Engagement 7 5 (2) -28.6% (1) -11.1% Total Operating Expenses (15) -5.6% % % Increase/(Decrease) in Net Assets from Operations (244) (204) % (218) (204) % (328) (317) % Alloc. of Admin. Serv. Expenses (2) -5.0% % % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (284) (242) % (252) (242) % (381) (372) 9 2.4% 72

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78 Columbia Association, Inc. SALES AND MARKETING DIVISION SUMMARY For the Period Ended January 31, 2015 ($000's) LIFE SERVICES SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales % % Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income % % Expenses: Salary & Wages (10) -1.3% % 1,024 1,024 Annual Performance Incentives Contract Labor Payroll Taxes (1) -1.7% (2) -3.3% Employee Benefits (12) -9.3% (9) -7.1% Cost Of Sales Operating Supplies/Expenses % % 993 1, % Insurance Fees (23) -9.3% % % Rentals % % Taxes Utilities % % Repairs & Maintenance % % Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses (1,712) (1,864) (152) -8.9% (1,588) (1,864) (276) -17.4% (2,284) (2,555) (271) -11.9% Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (320) (319) 1 0.3% (316) (319) (3) -0.9% (430) (428) 2 0.5% Total Operating Expenses % % Increase/(Decrease) in Net Assets from Operations Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 74

79 PRODUCTION / WELCOME CENTER Amount % Alloc. of Production/Welcome Ctr. Year-to-Date Actual vs. Budget 1 0.3% This Year s Actual vs. Last Year s Actual (3) -0.9% Current Estimate vs. Budget 2 0.5% No line-item variance over $25,000 and 25 percent. 75

80 Columbia Association, Inc. PRODUCTION / WELCOME CENTER For the Period Ended January 31, 2015 ($000's) SALES AND MARKETING DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales % % Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income % % Expenses: Salary & Wages % % Annual Performance Incentives 5 5 Contract Labor Payroll Taxes Employee Benefits % (8) -16.3% Cost Of Sales Operating Supplies/Expenses 19 9 (10) -52.6% 15 9 (6) -40.0% Insurance Fees 8 (8) % Rentals % 2 2 Taxes Utilities Repairs & Maintenance 1 (1) % 1 1 Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Production/Welcome Ctr. (320) (319) 1 0.3% (316) (319) (3) -0.9% (430) (428) 2 0.5% Total Operating Expenses % % Increase/(Decrease) in Net Assets from Operations Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 76

81 MEMBERSHIP INCOME/SALES Amount % Alloc. of Selling Expenses Year-to-Date Actual vs. Budget (152) -8.9% This Year s Actual vs. Last Year s Actual (276) -17.4% Current Estimate vs. Budget (271) -11.9% Operating Supplies Expenses are greater than Budget through the third quarter and at year-end due to bad debt allowance for memberships greater than 90 days and credit card fees. Fees Expenses are greater than last year through the third quarter due to an increased use of print and digital media to promote memberships. 77

82 Columbia Association, Inc. MEMBERSHIP INCOME/SALES For the Period Ended January 31, 2015 ($000's) SALES AND MARKETING DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships 1,893 2, % 1,843 2, % 2,615 2, % Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation 11,092 11,074 (18) -0.2% 10,507 11, % 14,966 14,966 Total Income 12,985 13, % 12,350 13, % 17,581 17, % Expenses: Salary & Wages (20) -3.8% (6) -1.2% Annual Performance Incentives 8 8 Contract Labor Payroll Taxes (1) -2.4% (2) -4.8% Employee Benefits (22) -22.4% (1) -1.3% Cost Of Sales Operating Supplies/Expenses % % 968 1, % Insurance Fees (15) -6.3% % % Rentals % % Taxes % % % Utilities % % Repairs & Maintenance % % Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses (1,712) (1,864) (152) -8.9% (1,588) (1,864) (276) -17.4% (2,284) (2,555) (271) -11.9% Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses Increase/(Decrease) in Net Assets from Operations 12,985 13, % 12,350 13, % 17,581 17, % Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 12,985 13, % 12,350 13, % 17,581 17, % 78

83 MEMBERSHIP ALLOCATION Amount % Total Income Year-to-Date Actual vs. Budget (99) -0.8% This Year s Actual vs. Last Year s Actual (734) -5.9% Current Estimate vs. Budget (141) -0.8% No line-item variance over $25,000 and 25 percent. 79

84 Columbia Association, Inc. MEMBERSHIP ALLOCATION For the Period Ended January 31, 2015 ($000's) SALES AND MARKETING DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships (1,893) (2,010) (117) -6.2% (1,843) (2,010) (167) -9.1% (2,615) (2,756) (141) -5.4% Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation (11,092) (11,074) % (10,507) (11,074) (567) -5.4% (14,966) (14,966) Total Income (12,985) (13,084) (99) -0.8% (12,350) (13,084) (734) -5.9% (17,581) (17,722) (141) -0.8% Expenses: Salary & Wages Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses Insurance Fees Rentals Taxes Utilities Repairs & Maintenance Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses Increase/(Decrease) in Net Assets from Operations (12,985) (13,084) (99) -0.8% (12,350) (13,084) (734) -5.9% (17,581) (17,722) (141) -0.8% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (12,985) (13,084) (99) -0.8% (12,350) (13,084) (734) -5.9% (17,581) (17,722) (141) -0.8% 80

85 Columbia Association, Inc. COMM. BLDG. & OPEN SPACE SERVICE BUREAU SUMMARY For the Period Ended January 31, 2015 ($000's) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees % (13) -9.8% % Rental Income % (83) -41.5% % Sales 7 5 (2) -28.6% (3) -33.3% Gain (Loss) on Fixed Asset Disposals % % % Other Income % % % Package Plan Allocation Total Income % % % Expenses: Salary & Wages 2,810 2,583 (227) -8.1% 2,604 2,583 (21) -0.8% 3,745 3,583 (162) -4.3% Annual Performance Incentives Contract Labor % % % Payroll Taxes (7) -3.7% % (4) -1.6% Employee Benefits (150) -21.6% (84) -13.4% (144) -15.6% Cost Of Sales Operating Supplies/Expenses (182) -34.0% (46) -11.5% (113) -15.9% Insurance (53) -22.8% (22) -10.9% (8) -2.6% Fees (373) -43.4% (54) -10.0% 1, (255) -22.5% Rentals (94) -48.2% (20) -16.5% (70) -27.0% Taxes 19 8 (11) -57.9% 15 8 (7) -46.7% Utilities (30) -32.3% (19) -15.4% Repairs & Maintenance 1,132 1,087 (45) -4.0% 1,185 1,087 (98) -8.3% 1,506 1,475 (31) -2.1% Comm.Assoc.Assess Share Depreciation 2,831 2,597 (234) -8.3% 2,185 2, % 3,776 3,668 (108) -2.9% Interest Expense Allocation (60) -9.6% % % Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (87) -33.9% (17) -9.1% (48) -14.2% Total Operating Expenses 10,473 8,945 (1,528) -14.6% 8,718 8, % 13,962 13,036 (926) -6.6% Increase/(Decrease) in Net Assets from Operations (10,129) (8,274) 1, % (8,173) (8,274) (101) -1.2% (13,505) (12,292) 1, % Alloc. of Admin. Serv. Expenses 1,570 1,343 (227) -14.5% 1,308 1, % 2,094 1,954 (140) -6.7% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (11,699) (9,617) 2, % (9,481) (9,617) (136) -1.4% (15,599) (14,246) 1, % 81

86 INTENTIONALLY BLANK ` 82

87 Columbia Association, Inc. COMMUNITY BUILDING DIVISION SUMMARY For the Period Ended January 31, 2015 ($000's) COMM. BLDG. & OPEN SPACE SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees % (48) -55.8% % Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income % % % Package Plan Allocation Total Income % % % Expenses: Salary & Wages % (14) -3.6% Annual Performance Incentives Contract Labor Payroll Taxes (2) -7.1% (1) -3.7% Employee Benefits (9) -15.0% (4) -7.3% (2) -2.6% Cost Of Sales Operating Supplies/Expenses (47) -69.1% (16) -18.0% Insurance 9 4 (5) -55.6% 54 4 (50) -92.6% Fees (92) -71.3% (36) -49.3% (35) -21.9% Rentals 15 9 (6) -40.0% % Taxes Utilities 4 1 (3) -75.0% Repairs & Maintenance % (52) -21.7% % Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (5) -31.3% (8) -42.1% (1) -4.8% Total Operating Expenses (132) -15.5% (164) -18.6% 1,124 1,107 (17) -1.5% Increase/(Decrease) in Net Assets from Operations (739) (553) % (774) (553) % (977) (918) % Alloc. of Admin. Serv. Expenses (19) -15.0% (24) -18.2% (3) -1.8% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (866) (661) % (906) (661) % (1,145) (1,083) % 83

88 COMMUNITY BUILDING ADMINISTRATION Amount % Alloc. of Division's Admin. Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual (104) % Current Estimate vs. Budget % The variances in Salary & Wages expenses Year-to-Date Actual versus FY 14 is due to the FY 14 reorganization that resulted in the merging of Community Building and Open Space Management into the Community Building and Open Space Service Bureau. The wages and associated expenses for the bureau chief were transferred from Community Planning to Community Building Administration.. The Allocation of Division's Administration Expenses is formula-driven. See the FY 15/16 Budget document, Allocation Formulas section, for a detailed explanation of the formula. 84

89 Columbia Association, Inc. COMMUNITY BUILDING ADMINISTRATION For the Period Ended January 31, 2015 ($000's) COMMUNITY BUILDING DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (9) -7.4% % (10) -6.2% Annual Performance Incentives 5 5 Contract Labor Payroll Taxes 8 7 (1) -12.5% % 10 9 (1) -10.0% Employee Benefits (2) -9.5% % (2) -7.1% Cost Of Sales Operating Supplies/Expenses 14 8 (6) -42.9% % Insurance 9 4 (5) -55.6% 8 4 (4) -50.0% Fees (19) -63.3% % (20) -50.0% Rentals 3 (3) % 4 4 Taxes Utilities 1 (1) % 1 1 Repairs & Maintenance (1) -50.0% 1 1 Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. (209) (163) % (59) (163) (104) % (281) (248) % Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses Increase/(Decrease) in Net Assets from Operations Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 85

90 LANDSCAPE SERVICES Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual (12) -10.9% Current Estimate vs. Budget % No line-item variance over 25 percent and $25,

91 Columbia Association, Inc. LANDSCAPE SERVICES For the Period Ended January 31, 2015 ($000's) COMMUNITY BUILDING DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (2) -3.2% Annual Performance Incentives 2 2 Contract Labor Payroll Taxes % % Employee Benefits (3) -21.4% Cost Of Sales Operating Supplies/Expenses 5 2 (3) -60.0% (1) % 6 5 (1) -16.7% Insurance 6 (6) % Fees 19 (19) % (5) -20.0% Rentals 2 1 (1) -50.0% Taxes Utilities 1 (1) % 1 1 Repairs & Maintenance 15 (15) % (9) -47.4% Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin (15) -38.5% % (12) -22.2% Alloc. of Prod./Welcome Ctr.& Com. Engagement 3 2 (1) -33.3% (1) -25.0% Total Operating Expenses (54) -33.8% % (27) -12.5% Increase/(Decrease) in Net Assets from Operations (160) (106) % (96) (106) (10) -10.4% (216) (189) % Alloc. of Admin. Serv. Expenses (8) -33.3% % (4) -12.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (184) (122) % (110) (122) (12) -10.9% (248) (217) % 87

92 CAPITAL IMPROVEMENTS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (1) -0.7% This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget (9) -4.9% The variances in Insurance expenses Year-to-Date Actual versus FY 14 is due to the FY 14 reorganization that resulted in the merging of Community Building and Open Space Management into the Community Building and Open Space Service Bureau. The Insurance is now charged under Open Space. 88

93 Columbia Association, Inc. CAPITAL IMPROVEMENTS For the Period Ended January 31, 2015 ($000's) COMMUNITY BUILDING DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages % % % Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 6 4 (2) -33.3% % 7 7 Employee Benefits (5) -31.3% % Cost Of Sales Operating Supplies/Expenses Insurance 40 (40) % Fees Rentals 2 1 (1) -50.0% Taxes Utilities 2 (2) % 3 3 Repairs & Maintenance 1 (1) % Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin (2) -6.7% % (2) -5.0% Alloc. of Prod./Welcome Ctr.& Com. Engagement (1) -33.3% 3 3 Total Operating Expenses % (12) -9.0% % Increase/(Decrease) in Net Assets from Operations (121) (122) (1) -0.8% (134) (122) % (161) (169) (8) -5.0% Alloc. of Admin. Serv. Expenses (2) -10.0% % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (139) (140) (1) -0.7% (154) (140) % (185) (194) (9) -4.9% 89

94 WATERSHED MANAGEMENT Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The variance in Fees Income compared to the prior year through the third quarter is due to cost share payments from residents to the CA rain garden cost share program. The variances in Other Income are due to reimbursements from the State for rain garden expenditures. Operating Expenses are less than Budget through the third quarter primarily due to delayed orders for spring projects. Repairs and Maintenance Expenses are greater than Budget through the third quarter primarily due to the CA rain garden cost share program, which have been incurred and are reimbursable. The Allocation of Division's Administration Expenses is formula-driven. See the FY 15/16 Budget document, Allocation Formulas section, for a detailed explanation of the formula. 90

95 Columbia Association, Inc. WATERSHED MANAGEMENT For the Period Ended January 31, 2015 ($000's) COMMUNITY BUILDING DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees % (48) -55.8% % Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income % % % Package Plan Allocation Total Income % % % Expenses: Salary & Wages % (7) -8.3% Annual Performance Incentives 3 3 Contract Labor Payroll Taxes (1) -14.3% 8 8 Employee Benefits 7 6 (1) -14.3% 7 6 (1) -14.3% 9 9 Cost Of Sales Operating Supplies/Expenses 37 8 (29) -78.4% % (15) -30.6% Insurance Fees (22) -48.9% (14) -37.8% (10) -16.7% Rentals 5 3 (2) -40.0% Taxes Utilities % % 1 1 Repairs & Maintenance % (50) -21.1% % Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin (12) -11.4% % (14) -9.7% Alloc. of Prod./Welcome Ctr.& Com. Engagement 8 6 (2) -25.0% 9 6 (3) -33.3% Total Operating Expenses (16) -3.8% (7) -1.7% % Increase/(Decrease) in Net Assets from Operations (315) (249) % (309) (249) % (428) (396) % Alloc. of Admin. Serv. Expenses (2) -3.1% (1) -1.6% % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (379) (311) % (372) (311) % (514) (483) % 91

96 COMMUNITY PLANNING Increase/(Decrease) in Net Assets Amount % Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget 9 4.5% The variance in Salary and Wages Year-to-Date FY 15 Actual versus FY 14 is due to the FY 14 reorganization that resulted in the merging of Community Building and Open Space Management into the Community Building and Open Space Service Bureau. The wages and associated expenses for the bureau chief were transferred from Community Planning to Community Building Administration. The variances in Fees expenses Year-to-Date Actual versus Budget and versus the prior year are timing related due to a payment from Howard County's Economic Development Authority for that agency's agreed upon cost-sharing for the Columbia Market Study. 92

97 Columbia Association, Inc. COMMUNITY PLANNING For the Period Ended January 31, 2015 ($000's) COMMUNITY BUILDING DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income % % % Package Plan Allocation Total Income % % % Expenses: Salary & Wages (3) -6.5% (89) -67.4% Annual Performance Incentives Contract Labor Payroll Taxes (6) -60.0% 5 5 Employee Benefits 5 4 (1) -20.0% 20 4 (16) -80.0% 6 6 Cost Of Sales Operating Supplies/Expenses 12 3 (9) -75.0% 12 3 (9) -75.0% Insurance Fees 35 3 (32) -91.4% 36 3 (33) -91.7% Rentals % % Taxes Utilities Repairs & Maintenance Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin (17) -48.6% % (5) -11.6% Alloc. of Prod./Welcome Ctr.& Com. Engagement 3 1 (2) -66.7% 5 1 (4) -80.0% 3 3 Total Operating Expenses (63) -44.1% (155) -66.0% (4) -2.3% Increase/(Decrease) in Net Assets from Operations (143) (76) % (235) (76) % (172) (164) 8 4.7% Alloc. of Admin. Serv. Expenses (9) -42.9% (23) -65.7% (1) -3.8% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (164) (88) % (270) (88) % (198) (189) 9 4.5% 93

98 INTENTIONALLY BLANK ` 94

99 Columbia Association, Inc. OPEN SPACE MANAGEMENT DIVISION SUMMARY For the Period Ended January 31, 2015 ($000's) COMM. BLDG. & OPEN SPACE SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees % % % Rental Income % (83) -41.5% % Sales 7 5 (2) -28.6% (3) -33.3% Gain (Loss) on Fixed Asset Disposals % % % Other Income % % % Package Plan Allocation Total Income % % % Expenses: Salary & Wages 2,442 2,213 (229) -9.4% 2,220 2,213 (7) -0.3% 3,256 3,094 (162) -5.0% Annual Performance Incentives Contract Labor % % % Payroll Taxes (5) -3.1% % (4) -1.9% Employee Benefits (141) -22.2% (80) -14.0% (142) -16.8% Cost Of Sales Operating Supplies/Expenses (135) -28.8% (46) -12.1% (97) -15.6% Insurance (48) -21.5% % (8) -2.7% Fees (281) -38.4% (18) -3.8% (220) -22.6% Rentals (88) -48.9% (20) -17.9% (71) -29.6% Taxes 19 8 (11) -57.9% 15 8 (7) -46.7% Utilities (27) -30.3% (1) -1.6% (19) -16.2% Repairs & Maintenance (80) -8.2% (46) -4.9% 1,304 1,237 (67) -5.1% Comm.Assoc.Assess Share Depreciation 2,831 2,597 (234) -8.3% 2,185 2, % 3,776 3,668 (108) -2.9% Interest Expense Allocation (60) -9.6% % % Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (82) -34.0% (9) -5.4% (47) -14.8% Total Operating Expenses 9,623 8,227 (1,396) -14.5% 7,836 8, % 12,838 11,929 (909) -7.1% Increase/(Decrease) in Net Assets from Operations (9,390) (7,721) 1, % (7,399) (7,721) (322) -4.4% (12,528) (11,374) 1, % Alloc. of Admin. Serv. Expenses 1,443 1,235 (208) -14.4% 1,176 1, % 1,926 1,789 (137) -7.1% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (10,833) (8,956) 1, % (8,575) (8,956) (381) -4.4% (14,454) (13,163) 1, % 95

100 OPEN SPACE MANAGEMENT ADMINISTRATION Amount % Alloc. of Division's Admin. Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual 1 0.3% Current Estimate vs. Budget 4 0.8% The variances in Contract Labor are due to the need for additional administrative support to assist with registrations for the new DogPark, as well as other front office duties. 96

101 Columbia Association, Inc. OPEN SPACE MANAGEMENT ADMINISTRATION For the Period Ended January 31, 2015 ($000's) OPEN SPACE MANAGEMENT DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (20) -7.8% (13) -5.2% (10) -2.9% Annual Performance Incentives 9 9 Contract Labor % % % Payroll Taxes (3) -14.3% (2) -10.0% (4) -14.3% Employee Benefits (10) -19.6% (5) -10.9% (12) -17.9% Cost Of Sales Operating Supplies/Expenses (8) -38.1% (1) -7.1% (6) -21.4% Insurance 4 2 (2) -50.0% 4 2 (2) -50.0% 5 5 Fees % 2 1 (1) -50.0% 1 1 Rentals 11 6 (5) -45.5% 7 6 (1) -14.3% 15 9 (6) -40.0% Taxes Utilities 1 (1) % 1 1 Repairs & Maintenance 2 1 (1) -50.0% 2 1 (1) -50.0% 3 3 Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. (369) (345) % (346) (345) 1 0.3% (501) (497) 4 0.8% Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses Increase/(Decrease) in Net Assets from Operations Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 97

102 LAND MAINTENANCE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 1, % This Year s Actual vs. Last Year s Actual (380) -4.4% Current Estimate vs. Budget 1, % The variances in Fees Income versus Budget through the third quarter and at year-end are due to more than anticipated revenue for the new DogPark. The FY 15 income variance compared to the prior year is also primarily related to the Dog Park income. The variances in Rental Income, FY 15 Budget versus FY 15 Actual and FY 15 Estimate are primarily due to licensing and rental fees income from Clyde's. The variance in Rental Income versus the prior year through the third quarter is primarily due to CA no longer receiving rental income for Symphony Woods. The variances in Gain on Fixed Asset Disposals are related to trade-in proceeds received on vehicles that were fully depreciated. The Other Income variances are primarily due to payments for easements granted by CA to Howard County. The variance in Operating Supplies Expenses versus Budget through the third quarter is primarily due to delayed miscellaneous operating and employee development expenses, and are projected to be below Budget at year-end. The variances in Fees Expenses versus Budget through the third quarter and at year-end are due to timing variances in payments to contractors for work completed through the third quarter, as well as timing variances related to seasonal delays in contracted work, and delayed projects related to the 20-year Lake Sediment Management Plan, which are projected to be completed in FY 16. The variances in Rentals Expenses versus Budget through the third quarter and at year-end are due to a reduction in property taxes and repairs and maintenance expenses through the third quarter, which is expected to continue through year-end. The Interest Expense Allocation is formula-driven. See the FY 15/16 Budget, Allocation Formulas section, for a detailed explanation of the formula. The Allocation of Production/Welcome Center & Community Engagement is formula-driven. See the FY 15/16 Budget, Allocation Formulas section, for a detailed explanation of the formula. 98

103 Columbia Association, Inc. LAND MAINTENANCE For the Period Ended January 31, 2015 ($000's) OPEN SPACE MANAGEMENT DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees % % % Rental Income % (79) -57.2% % Sales 7 5 (2) -28.6% (3) -33.3% Gain (Loss) on Fixed Asset Disposals % % % Other Income % % % Package Plan Allocation Total Income % % % Expenses: Salary & Wages 2,182 1,975 (207) -9.5% 1,967 1, % 2,909 2,759 (150) -5.2% Annual Performance Incentives 8 8 Contract Labor Payroll Taxes (2) -1.4% % Employee Benefits (131) -22.5% (75) -14.2% (130) -16.7% Cost Of Sales Operating Supplies/Expenses (124) -27.9% (42) -11.6% (91) -15.4% Insurance (46) -21.1% % (8) -2.7% Fees (280) -39.3% (26) -5.7% (220) -23.2% Rentals (82) -48.8% (19) -18.1% (65) -29.0% Taxes 13 6 (7) -53.8% 9 6 (3) -33.3% Utilities (22) -29.7% (2) -3.7% (15) -15.2% Repairs & Maintenance (82) -8.6% (39) -4.3% 1,278 1,208 (70) -5.5% Comm.Assoc.Assess Share Depreciation 2,817 2,578 (239) -8.5% 2,168 2, % 3,757 3,642 (115) -3.1% Interest Expense Allocation (60) -9.7% % % Alloc. of Selling Expenses Alloc. of Division's Admin (25) -6.8% (1) -0.3% (4) -0.8% Alloc. of Prod./Welcome Ctr.& Com. Engagement (82) -34.3% (9) -5.4% (46) -14.6% Total Operating Expenses 9,535 8,146 (1,389) -14.6% 7,752 8, % 12,721 11,809 (912) -7.2% Increase/(Decrease) in Net Assets from Operations (9,360) (7,698) 1, % (7,377) (7,698) (321) -4.4% (12,487) (11,332) 1, % Alloc. of Admin. Serv. Expenses 1,430 1,222 (208) -14.5% 1,163 1, % 1,908 1,771 (137) -7.2% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (10,790) (8,920) 1, % (8,540) (8,920) (380) -4.4% (14,395) (13,103) 1, % 99

104 RV PARK Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual (1) -6.3% Current Estimate vs. Budget % No line-item variance over 25 percent and $25,

105 Columbia Association, Inc. RV PARK For the Period Ended January 31, 2015 ($000's) OPEN SPACE MANAGEMENT DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income % (4) -6.5% % Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income % (4) -6.5% % Expenses: Salary & Wages 2 (2) % 2 (2) % 3 1 (2) -66.7% Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses 1 (1) % 1 1 Insurance Fees 1 (1) % 1 1 Rentals 1 (1) % 1 1 Taxes 6 2 (4) -66.7% 6 2 (4) -66.7% 9 9 Utilities 12 9 (3) -25.0% % (4) -26.7% Repairs & Maintenance 3 1 (2) -66.7% Comm.Assoc.Assess Share Depreciation % % % Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin Alloc. of Prod./Welcome Ctr.& Com. Engagement (1) -50.0% Total Operating Expenses (12) -24.5% (3) -7.5% (5) -7.6% Increase/(Decrease) in Net Assets from Operations % (1) -4.5% % Alloc. of Admin. Serv. Expenses 7 6 (1) -14.3% (1) -10.0% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (2) % (1) -6.3% (4) % 101

106 LAKE ELKHORN PAVILION Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (10) -24.4% This Year s Actual vs. Last Year s Actual - 0.0% Actual vs. Budget (9) -16.4% No line-item variance over 25 percent and $25,

107 Columbia Association, Inc. LAKE ELKHORN PAVILION For the Period Ended January 31, 2015 ($000's) OPEN SPACE MANAGEMENT DIVISION Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income 4 (4) % 4 4 Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 4 (4) % 4 4 Expenses: Salary & Wages Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses 2 (2) % 3 (3) % 2 2 Insurance 1 1 Fees (1) -5.9% % Rentals Taxes Utilities 2 1 (1) -50.0% Repairs & Maintenance % (6) -23.1% % Comm.Assoc.Assess Share Depreciation % % Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin % Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses % % Increase/(Decrease) in Net Assets from Operations (35) (44) (9) -25.7% (44) (44) (47) (55) (8) -17.0% Alloc. of Admin. Serv. Expenses % % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (41) (51) (10) -24.4% (51) (51) (55) (64) (9) -16.4% 103

108 Columbia Association, Inc. REVITALIZATION SERVICE BUREAU SUMMARY For the Period Ended January 31, 2015 ($000's) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income (16) -26.7% (5) -10.2% Package Plan Allocation Total Income (16) -26.7% (5) -10.2% Expenses: Salary & Wages (104) -17.1% % (90) -11.1% Annual Performance Incentives Contract Labor Payroll Taxes (4) -10.0% (2) -5.3% (2) -3.7% Employee Benefits % (16) -18.0% Cost Of Sales Operating Supplies/Expenses (5) -7.8% % % Insurance Fees % % % Rentals 8 6 (2) -25.0% 8 6 (2) -25.0% Taxes Utilities % 6 5 (1) -16.7% % Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation % % % Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (7) -33.3% (2) -12.5% (5) -17.2% Total Operating Expenses (97) -11.9% % 1,113 1,043 (70) -6.3% Increase/(Decrease) in Net Assets from Operations (758) (677) % (656) (677) (21) -3.2% (1,033) (963) % Alloc. of Admin. Serv. Expenses (15) -12.3% % (11) -6.6% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (880) (784) % (762) (784) (22) -2.9% (1,200) (1,119) % 104

109 CONSTRUCTION MANAGEMENT Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual (1) -0.2% Current Estimate vs. Budget % No line-item variance over 25 percent and $25,

110 Columbia Association, Inc. CONSTRUCTION MANAGEMENT For the Period Ended January 31, 2015 ($000's) REVITALIZATION SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (93) -20.0% % (90) -14.5% Annual Performance Incentives Contract Labor Payroll Taxes (3) -10.7% (3) -10.7% (2) -5.4% Employee Benefits (16) -20.8% Cost Of Sales Operating Supplies/Expenses % % % Insurance Fees % % Rentals 3 (3) % 2 (2) % 4 4 Taxes Utilities % 4 3 (1) -25.0% % Repairs & Maintenance % % % Comm.Assoc.Assess Share Depreciation % % % Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (5) -31.3% (1) -8.3% (4) -18.2% Total Operating Expenses (79) -12.7% % (72) -8.5% Increase/(Decrease) in Net Assets from Operations (621) (542) % (541) (542) (1) -0.2% (845) (773) % Alloc. of Admin. Serv. Expenses (12) -12.9% (11) -8.7% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (714) (623) % (622) (623) (1) -0.2% (972) (889) % 106

111 VOLUNTEER CENTER SERVING HOWARD COUNTY Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (9) -11.3% This Year s Actual vs. Last Year s Actual (3) -3.5% Current Estimate vs. Budget (3) -2.7% No line-item variance over 25 percent and $25,

112 Columbia Association, Inc. VOLUNTEER CENTER SERVING HOWARD COUNTY For the Period Ended January 31, 2015 ($000's) REVITALIZATION SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income (16) -26.7% (5) -10.2% Package Plan Allocation Total Income (16) -26.7% (5) -10.2% Expenses: Salary & Wages (7) -8.0% Annual Performance Incentives 2 2 Contract Labor Payroll Taxes Employee Benefits % Cost Of Sales Operating Supplies/Expenses 11 7 (4) -36.4% Insurance Fees % % Rentals % Taxes Utilities Repairs & Maintenance Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement 3 2 (1) -33.3% 3 2 (1) -33.3% 4 4 Total Operating Expenses (6) -4.9% (1) -0.9% % Increase/(Decrease) in Net Assets from Operations (62) (72) (10) -16.1% (68) (72) (4) -5.9% (85) (88) (3) -3.5% Alloc. of Admin. Serv. Expenses (1) -5.6% (1) -5.6% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (80) (89) (9) -11.3% (86) (89) (3) -3.5% (110) (113) (3) -2.7% 108

113 COLUMBIA COMMUNITY EXCHANGE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual (18) -33.3% Current Estimate vs. Budget 1 0.8% No line-item variance over 25 percent and $25,

114 Columbia Association, Inc. COLUMBIA COMMUNITY EXCHANGE For the Period Ended January 31, 2015 ($000's) REVITALIZATION SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (4) -7.3% % Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 5 4 (1) -20.0% % 7 7 Employee Benefits Cost Of Sales Operating Supplies/Expenses 7 3 (4) -57.1% Insurance 1 1 Fees 1 (1) % 1 (1) % 1 1 Rentals Taxes Utilities Repairs & Maintenance 1 (1) % 1 1 Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement 2 1 (1) -50.0% (1) -33.3% Total Operating Expenses (12) -16.0% % (1) -1.0% Increase/(Decrease) in Net Assets from Operations (75) (63) % (47) (63) (16) -34.0% (103) (102) 1 1.0% Alloc. of Admin. Serv. Expenses 11 9 (2) -18.2% % Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (86) (72) % (54) (72) (18) -33.3% (118) (117) 1 0.8% 110

115 INTENTIONALLY BLANK ` 111

116 COMMUNITY ENGAGEMENT BUREAU Amount % Alloc. of Community Engagement Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % Salary and Wages are less than Budget through the third quarter due to first-quarter vacancies in the Director of Communications and Marketing and the Writer/Editor positions, which were filled in the second quarter. Operating Supplies/Expenses are less than Budget through the third quarter primarily due to savings in miscellaneous operating supplies, audio-visual, printing, advertising, travel and employee development expenses, and are expected to be under Budget at year-end. Fees Expenses are under Budget through the third quarter partially due to cost savings, as well as the timing of projects such as a freelance video, mall advertisements and Website design. The Allocation of Community Engagement is formula-driven. For a detailed explanation of the formula, see the Allocation Formulas Section of the FY 15/16 Budget. 112

117 Columbia Association, Inc. COMMUNITY ENGAGEMENT BUREAU For the Period Ended January 31, 2015 ($000's) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (90) -29.3% (36) -14.2% (65) -15.9% Annual Performance Incentives 9 9 Contract Labor 4 (4) % 5 5 Payroll Taxes (8) -30.8% (2) -10.0% (5) -14.3% Employee Benefits (22) -43.1% (14) -32.6% (16) -23.5% Cost Of Sales Operating Supplies/Expenses (105) -63.3% (19) -23.8% (46) -23.1% Insurance Fees (60) -75.9% (1) -5.0% (22) -26.8% Rentals % (1) -5.9% % Taxes 1 (1) % 1 1 Utilities % 4 4 Repairs & Maintenance 6 1 (5) -83.3% 3 1 (2) -66.7% 8 8 Comm.Assoc.Assess Share Depreciation (2) -22.2% 9 9 Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Community Engagement (659) (371) % (447) (371) % (841) (691) % Total Operating Expenses Increase/(Decrease) in Net Assets from Operations Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 113

118 Columbia Association, Inc. ASSURANCE SERVICE BUREAU SUMMARY For the Period Ended January 31, 2015 ($000's) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals (156) (156) % (156) (156) % (156) (156) % Other Income 1 (1) % Package Plan Allocation Total Income (156) (156) % 1 (156) (157) % (156) (156) % Expenses: Salary & Wages 2,132 1,856 (276) -12.9% 1,945 1,856 (89) -4.6% 2,842 2,584 (258) -9.1% Annual Performance Incentives Contract Labor 6 1 (5) -83.3% % % Payroll Taxes (19) -12.7% (7) -5.1% (18) -8.7% Employee Benefits (52) -18.3% (36) -13.4% (54) -14.2% Cost Of Sales Operating Supplies/Expenses (158) -53.6% (46) -25.1% (40) -10.2% Insurance (4) -17.4% % Fees (301) -66.0% (375) -70.8% (107) -17.6% Rentals % % Taxes 9 7 (2) -22.2% 9 7 (2) -22.2% Utilities (51) -14.7% (16) -5.1% % Repairs & Maintenance (46) -9.3% (13) -2.8% Comm.Assoc.Assess Share Depreciation (189) -36.1% % (214) -30.6% Interest Expense Allocation (5) -17.2% % % Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses 4,839 3,734 (1,105) -22.8% 4,265 3,734 (531) -12.5% 6,533 5,848 (685) -10.5% Increase/(Decrease) in Net Assets from Operations (4,839) (3,890) % (4,264) (3,890) % (6,533) (6,004) % Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (4,839) (3,890) % (4,264) (3,890) % (6,533) (6,004) % 114

119 PRESIDENT'S OFFICE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % Operating Supplies Expenses are less than Budget through the third quarter primarily due to lower than anticipated miscellaneous operating supplies, travel and meeting expenses. 115

120 Columbia Association, Inc. PRESIDENT'S OFFICE For the Period Ended January 31, 2015 ($000's) ASSURANCE SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (20) -4.3% (136) -23.6% (20) -3.3% Annual Performance Incentives Contract Labor Payroll Taxes % (4) -12.1% Employee Benefits (17) -30.9% (23) -37.7% (17) -22.7% Cost Of Sales Operating Supplies/Expenses (30) -46.9% (15) -30.6% (15) -17.6% Insurance (5) -31.3% % Fees 18 6 (12) -66.7% 16 6 (10) -62.5% (9) -37.5% Rentals (3) -17.6% (5) -26.3% Taxes Utilities % % % Repairs & Maintenance 4 1 (3) -75.0% 15 1 (14) -93.3% 5 5 Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses (82) -12.3% (194) -25.0% (58) -6.3% Increase/(Decrease) in Net Assets from Operations (664) (582) % (776) (582) % (918) (860) % Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (664) (582) % (776) (582) % (918) (860) % 116

121 GENERAL COUNSEL Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % Fees Expenses are less than Budget and the prior year due to lower than anticipated legal fees through the third quarter. 117

122 Columbia Association, Inc. GENERAL COUNSEL For the Period Ended January 31, 2015 ($000's) ASSURANCE SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages % % % Annual Performance Incentives 8 8 Contract Labor Payroll Taxes (1) -7.7% % Employee Benefits (2) -5.4% (1) -2.8% Cost Of Sales Operating Supplies/Expenses (1) -7.1% % Insurance Fees (241) -80.3% (182) -75.5% (150) -37.5% Rentals Taxes Utilities % % 2 2 Repairs & Maintenance Comm.Assoc.Assess Share Depreciation % Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses (232) -39.6% (159) -31.0% (137) -17.4% Increase/(Decrease) in Net Assets from Operations (586) (354) % (513) (354) % (789) (652) % Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (586) (354) % (513) (354) % (789) (652) % 118

123 INTERNAL AUDIT Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual 4 2.1% Current Estimate vs. Budget 5 1.9% No line-item variance over 25 percent and $25,

124 Columbia Association, Inc. INTERNAL AUDIT For the Period Ended January 31, 2015 ($000's) ASSURANCE SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (2) -1.4% % Annual Performance Incentives 7 7 Contract Labor Payroll Taxes (1) -8.3% (1) -8.3% Employee Benefits (2) -8.7% (1) -4.5% Cost Of Sales Operating Supplies/Expenses 8 3 (5) -62.5% 9 3 (6) -66.7% 10 5 (5) -50.0% Insurance Fees Rentals % 6 6 Taxes 1 (1) % 1 1 Utilities Repairs & Maintenance Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses (11) -5.6% (4) -2.1% (5) -1.9% Increase/(Decrease) in Net Assets from Operations (197) (186) % (190) (186) 4 2.1% (267) (262) 5 1.9% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (197) (186) % (190) (186) 4 2.1% (267) (262) 5 1.9% 120

125 INTENTIONALLY BLANK ` 121

126 Columbia Association, Inc. HUMAN RESOURCES GROUP For the Period Ended January 31, 2015 ($000's) ASSURANCE SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals (156) (156) % (156) (156) % (156) (156) % Other Income 1 (1) % Package Plan Allocation Total Income (156) (156) % 1 (156) (157) % (156) (156) % Expenses: Salary & Wages 1,310 1,044 (266) -20.3% 1,019 1, % 1,746 1,496 (250) -14.3% Annual Performance Incentives Contract Labor 6 1 (5) -83.3% % % Payroll Taxes (22) -21.8% (3) -3.7% (18) -13.4% Employee Benefits (31) -18.3% (11) -7.4% (37) -16.4% Cost Of Sales Operating Supplies/Expenses (122) -58.4% (28) -24.3% (20) -7.2% Insurance % % 8 8 Fees (48) -34.8% (183) -67.0% % Rentals % % Taxes 8 7 (1) -12.5% 9 7 (2) -22.2% Utilities (55) -16.0% (20) -6.5% Repairs & Maintenance (43) -8.8% % Comm.Assoc.Assess Share Depreciation (189) -36.3% % (215) -30.9% Interest Expense Allocation (5) -17.2% % % Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses 3,392 2,612 (780) -23.0% 2,786 2,612 (174) -6.2% 4,559 4,074 (485) -10.6% Increase/(Decrease) in Net Assets from Operations (3,392) (2,768) % (2,785) (2,768) % (4,559) (4,230) % Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (3,392) (2,768) % (2,785) (2,768) % (4,559) (4,230) % 122

127 HUMAN RESOURCES Increase/(Decrease) in Net Assets Amount % Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual (149) 47.9% Current Estimate vs. Budget % The Salary and Wages and Employee Benefits variances versus the prior year through the third quarter are a result of the restructuring of the Assurance Service Bureau in October 2013, and the variances versus Budget through the third quarter and at year-end are due to open positions and the transfer of a position to the IT Department in FY 15. Operating Supplies Expenses are less than Budget through the third quarter primarily due to lower than anticipated miscellaneous operating supplies, travel and meeting expenses. Fees Expenses variances versus the prior year, versus Budget through the third quarter and at year-end are primarily due to costs that have not been incurred in prior years or budgeted, such as the updated Team Member Handbook design and printing, as well as additional training programs for the Learning Management System (LMS) and the Board-directed benefits study. 123

128 Columbia Association, Inc. HUMAN RESOURCES For the Period Ended January 31, 2015 ($000's) ASSURANCE SERVICE BUREAU (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (250) -45.0% % (250) -33.7% Annual Performance Incentives Contract Labor % % % Payroll Taxes (22) -50.0% % (18) -31.0% Employee Benefits (23) -32.9% % (37) -39.4% Cost Of Sales Operating Supplies/Expenses (27) -60.0% % (20) -33.3% Insurance Fees % % % Rentals % % Taxes Utilities 2 1 (1) -50.0% Repairs & Maintenance Comm.Assoc.Assess Share Depreciation 1 1 Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses (273) -37.2% % (272) -27.3% Increase/(Decrease) in Net Assets from Operations (733) (460) % (311) (460) (149) -47.9% (997) (725) % Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (733) (460) % (311) (460) (149) -47.9% (997) (725) % 124

129 INFORMATION TECHNOLOGY Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The variances in Gain (Loss) on Fixed Asset Disposals in FY 15 are related to disposal of telephone equipment, servers, routers, marketing media, billboards and software. Operating Supplies/Expenses are less than Budget through the third quarter primarily due to the timing of payments for PC hardware supplies, software, miscellaneous operating supplies and employee development expenses, and are expected to be on budget at year-end. Operating Expenses are less than the previous year through the third quarter primarily due to the timing of miscellaneous operating expenses and employee development expenses. Fees Expenses are less than Budget through the third quarter primarily due to the timing of computer consulting professional services expenses, however Fees Expenses are expected to be on Budget at year-end. Fees Expenses are less than last year through the third quarter primarily due to higher computer consulting expenses in FY 14, associated with the implementation of document imaging software and costs related to learning management systems. Depreciation Expense is less than Budget through the third quarter primarily due to the delay of closing projects, as well as disposal of obsolete items. 125

130 Columbia Association, Inc. INFORMATION TECHNOLOGY For the Period Ended January 31, 2015 ($000's) ASSURANCE SERVICE BUREAU (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals (156) (156) % (156) (156) % (156) (156) % Other Income 1 (1) % Package Plan Allocation Total Income (156) (156) % 1 (156) (157) % (156) (156) % Expenses: Salary & Wages (8) -1.3% % Annual Performance Incentives Contract Labor 4 (4) % 5 5 Payroll Taxes (1) -2.1% % Employee Benefits (9) -10.5% Cost Of Sales Operating Supplies/Expenses (79) -55.2% (26) -28.9% Insurance % % 8 8 Fees (87) -70.7% (222) -86.0% Rentals % % Taxes 8 7 (1) -12.5% 9 7 (2) -22.2% Utilities (54) -15.8% (20) -6.5% Repairs & Maintenance (43) -8.8% % Comm.Assoc.Assess Share Depreciation (189) -36.3% % (215) -30.9% Interest Expense Allocation (5) -17.2% % % Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses 2,461 1,986 (475) -19.3% 2,173 1,986 (187) -8.6% 3,295 3,082 (213) -6.5% Increase/(Decrease) in Net Assets from Operations (2,461) (2,142) % (2,172) (2,142) % (3,295) (3,238) % Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (2,461) (2,142) % (2,172) (2,142) % (3,295) (3,238) % 126

131 TRAINING AND ORGANIZATIONAL DEVELOPMENT Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget - 0.0% The variance in Salary and Wages, FY 15 versus the prior year is primarily the result of the restructuring of the Assurance Service Bureau in October

132 Columbia Association, Inc. TRAINING AND ORGANIZATIONAL DEVELOPMENT For the Period Ended January 31, 2015 ($000's) ASSURANCE SERVICE BUREAU (Note: Page included for informational purposes only.) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages (8) -6.0% (94) -42.7% Annual Performance Incentives 4 4 Contract Labor 2 (2) % 2 2 Payroll Taxes % (10) -50.0% Employee Benefits % (19) -57.6% Cost Of Sales Operating Supplies/Expenses 21 5 (16) -76.2% 13 5 (8) -61.5% Insurance Fees 13 4 (9) -69.2% 6 4 (2) -33.3% Rentals % 9 6 (3) -33.3% 7 7 Taxes Utilities Repairs & Maintenance Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses (32) -16.2% (136) -45.0% Increase/(Decrease) in Net Assets from Operations (198) (166) % (302) (166) % (267) (267) Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (198) (166) % (302) (166) % (267) (267) 128

133 Columbia Association, Inc. FINANCE SERVICE BUREAU SUMMARY For the Period Ended January 31, 2015 ($000's) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge 34,847 34, % 34,281 34, % 34,847 34, % Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income % % % Package Plan Allocation Total Income 34,917 35, % 34,347 35, % 34,941 35, % Expenses: Salary & Wages 1,263 1,140 (123) -9.7% 1,146 1,140 (6) -0.5% 1,684 1,554 (130) -7.7% Annual Performance Incentives Contract Labor % 5 5 Payroll Taxes (4) -4.3% (4) -4.3% (5) -3.8% Employee Benefits (12) -5.6% (18) -8.1% (15) -5.2% Cost Of Sales Operating Supplies/Expenses (40) -31.3% (14) -13.7% (20) -11.7% Insurance % (11) -22.0% % Fees (62) -24.8% (10) -5.1% Rentals % % Taxes % % Utilities % % 7 7 Repairs & Maintenance % 9 9 Comm.Assoc.Assess Share Depreciation (38) -79.2% (70) -87.5% (52) -81.3% Interest Expense Allocation 13 (378) (391) % (234) (378) (144) -61.5% 17 (532) (549) % Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (8) (8) % (5) (8) (3) -60.0% (13) (13) % Total Operating Expenses 2,298 1,635 (663) -28.9% 1,888 1,635 (253) -13.4% 3,110 2,349 (761) -24.5% Increase/(Decrease) in Net Assets from Operations 32,619 33, % 32,459 33, % 31,831 32, % Alloc. of Admin. Serv. Expenses (5,226) (4,678) % (4,716) (4,678) % (6,955) (6,537) % Non-Operating Exp./Contingencies 68 (68) % Increase/(Decrease) in Net Assets 37,845 38, % 37,107 38, % 38,786 39, % 129

134 ACCOUNTING/PAYROLL /PURCHASING Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % Operating Supplies Expenses are less than Budget through the through the third quarter primarily due to lower than anticipated miscellaneous operating supplies, travel, meeting and employee development expenses. Depreciation Expenses are less than Budget and compared to last year primarily due to reclassification of the facility security system assets and related depreciation in the fourth quarter of FY

135 Columbia Association, Inc. ACCOUNTING/PAYROLL /PURCHASING For the Period Ended January 31, 2015 ($000's) FINANCE SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget Income: Annual Charge Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Total Income Expenses: Salary & Wages 1,263 1,140 (123) -9.7% 1,146 1,140 (6) -0.5% 1,684 1,554 (130) -7.7% Annual Performance Incentives Contract Labor % 5 5 Payroll Taxes (4) -4.3% (4) -4.3% (5) -3.8% Employee Benefits (12) -5.6% (18) -8.1% (15) -5.2% Cost Of Sales Operating Supplies/Expenses (40) -31.3% (14) -13.7% (20) -11.7% Insurance % (11) -22.0% % Fees (62) -24.8% (10) -5.1% Rentals % % Taxes % % Utilities % % 7 7 Repairs & Maintenance % 9 9 Comm.Assoc.Assess Share Depreciation (37) -78.7% (70) -87.5% (52) -82.5% Interest Expense Allocation 3 1 (2) -66.7% 5 1 (4) -80.0% 4 4 Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses 2,287 2,022 (265) -11.6% 2,132 2,022 (110) -5.2% 3,096 2,897 (199) -6.4% Increase/(Decrease) in Net Assets from Operations (2,287) (2,022) % (2,132) (2,022) % (3,096) (2,897) % Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (2,287) (2,022) % (2,132) (2,022) % (3,096) (2,897) % 131

136 ANNUAL CHARGE Amount % Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % The variances in Other Income versus Budget and the previous year through the third quarter and at year-end are primarily due to an increase in collections of annual charge interest receivable from large commercial properties during FY 15. The Interest Expense Allocation is formula-driven. See the FY 15/16 Budget document, Allocation Formulas section, for a detailed explanation of the formula. The Allocation of Administrative Services Expenses is formula-driven. See the FY 15/16 Budget document, Allocation Formulas section, for a detailed explanation of the formula. The variance in Non-Operating Expenses/Contingencies compared to the prior year is due to the premium expense incurred in the FY 14 early redemption of two series of Senior Secured Bonds. 132

137 Columbia Association, Inc. ANNUAL CHARGE For the Period Ended January 31, 2015 ($000's) FINANCE SERVICE BUREAU Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge 34,847 34, % 34,281 34, % 34,847 34, % Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income % % % Package Plan Allocation Total Income 34,917 35, % 34,347 35, % 34,941 35, % Expenses: Salary & Wages Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses Insurance Fees Rentals Taxes Utilities Repairs & Maintenance Comm.Assoc.Assess Share Depreciation 1 (1) % 1 1 Interest Expense Allocation 10 (379) (389) % (239) (379) (140) -58.6% 13 (536) (549) % Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (8) (8) % (5) (8) (3) -60.0% (13) (13) % Total Operating Expenses 11 (387) (398) % (244) (387) (143) -58.6% 14 (548) (562) % Increase/(Decrease) in Net Assets from Operations 34,906 35, % 34,591 35, % 34,927 35, % Alloc. of Admin. Serv. Expenses (148) -41.6% (61) -22.7% (156) -32.5% Non-Operating Exp./Contingencies 68 (68) % Increase/(Decrease) in Net Assets 34,550 35, % 34,254 35, % 34,447 35, % 133

138 INTENTIONALLY BLANK ` 134

139 BOARD OF DIRECTORS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget % This Year s Actual vs. Last Year s Actual % Current Estimate vs. Budget % Fees Expenses are less than the prior year through the third quarter due to Board-directed projects. An olderadult community survey was conducted in the second quarter of FY 14. Non-Operating Exp. Contingencies are included in the budget for unexpected initiatives undertaken by the Board of Directors. There were no Non-Operating Exp./Contingencies' expenditures incurred for the Board of Directors' Partnership projects. 135

140 Columbia Association, Inc. BOARD OF DIRECTORS For the Period Ended January 31, 2015 ($000's) Year-to-Date Year-to-Date Current Year Actual vs Budget Actual vs Actual Actual vs Budget FY 15 FY 15 FY 14 FY 15 FY 15 FY 15 Budget Actual Amount % Actual Actual Amount % Budget Estimate Amount % Income: Annual Charge Tuition & Enrollment Memberships Fees 1 (1) % Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 1 (1) % Expenses: Salary & Wages 5 3 (2) -40.0% Annual Performance Incentives Contract Labor Payroll Taxes 1 (1) % 1 1 Employee Benefits Cost Of Sales Operating Supplies/Expenses (20) -51.3% (2) -9.5% (10) -19.2% Insurance (1) -6.7% Fees (3) -12.5% (35) -62.5% Rentals % % % Taxes Utilities Repairs & Maintenance % 3 3 Comm.Assoc.Assess Share Depreciation % Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement 2 1 (1) -50.0% 2 1 (1) -50.0% 3 3 Total Operating Expenses (26) -29.2% (35) -35.7% (7) -5.9% Increase/(Decrease) in Net Assets from Operations (89) (63) % (97) (63) % (118) (111) 7 5.9% Alloc. of Admin. Serv. Expenses (152) -24.9% (71) -13.4% (122) -14.8% Non-Operating Exp./Contingencies 34 (34) % Increase/(Decrease) in Net Assets (734) (522) % (627) (522) % (989) (860) % 136

141 COLUMBIA ASSOCIATION CAPITAL BUDGET SUMMARY - $ in 000's CURRENT APPROVED EXPENDITURES YEAR TO BUDGET - THROUGH DATE REMAINING THROUGH 1/31/2015 1/31/2015 COMMITMENTS BALANCE Capital Projects Approved in FY : Category I Projects $ 3,257 $ 1,798 $ 188 $ 1,271 Category II Projects $ 17,137 $ 10,516 $ 2,738 $ 3,883 Category III Projects $ 6,033 $ 3,149 $ 1,330 $ 1,554 Subtotal - Capital Projects Approved in FY $ 26,427 $ 15,463 $ 4,256 $ 6,708 TOTAL $ 26,427 $ 15,463 $ 4,256 $ 6,

142 Columbia Association, Inc. Capital Budget - Current Projects Category I, II and III Projects - Beginning FY 2011 January 31, 2015 (000's) Original Current Proposed Expend. Year To Estimated Capital Projects Proj Fiscal Approved Approved Budget Revised Through Date Remain Completion Category I, II and III Projects Code Year Budget Budget Revisions Budget 01/31/15 Commitment Balance Date CATEGORY I PROJECTS Going Green Energy Initiatives 200K RZ TSSC Rooftop Air Conditioning Unit * RZ /15 CG - HVAC Unit Controllers RZ /15 Building Energy Retrofits $200K RZ TSSC - Microturbine Design * RZ /15 Going Green Energy Initiatives 200K SE TSSC - Energy Recovery & HVAC Impro* SE /15 Building Energy Retrofits $200K SF TSSC - HVAC Energy Recovery SF /15 Art Center - HVAC Upgrade Design * SF /15 Stonehouse - HVAC Upgrade Design * SF /15 TSSC - CHP Generator Design SF /15 Haven - Interior LED Lighting SF /15 Art Center - Gallery LED Upgrade * SF /15 HG - Parking Lot Lights LED Retrofit SF /15 Going Green Energy Initiatives 150K GGP OBCC-LED Lighting Retrofit, Parking Lot GGP /15 RBNC - Parking Lot Lighting Upgrades * GGP /15 FH Maint-Radiant Heat Propane Conv GGP /15 Building Energy Retrofits $150K BER WL Shoreline - Engineering Funds RT /15 WL Shoreline - Construction Funds RT /15 Watershed Retrofit - LE-RRI-015 * RU /15 Watershed Retrofit - LE-RRI-019 * RU /15 Watershed Retrofit - LE-RRI-020 RU /15 Watershed Retrofit LE-RR1-502 RW /15 Watershed Retrofit LE-RR1-503 RW /15 Watershed Retrofit LE-RR1-507 * RW /15 Watershed-Jackson Pond, LR RZ /15 *Proposed Capital Projects Close Outs 138

143 Columbia Association, Inc. Capital Budget - Current Projects Category I, II and III Projects - Beginning FY 2011 January 31, 2015 (000's) Original Current Proposed Expend. Year To Estimated Capital Projects Proj Fiscal Approved Approved Budget Revised Through Date Remain Completion Category I, II and III Projects Code Year Budget Budget Revisions Budget 01/31/15 Commitment Balance Date Columbia Wide, Water Quality SE /15 Maint Facility - Stormwater Detention Pond SE /15 WL Barn Bio-retention Facility SE /15 Columbia Wide Water Quality P /15 Pathway Connectivity Improvements P /15 Watershed Improvements Projects P /15 L. Kitt Pathway Loop Construction P /15 Subtotal Category I 2,473 3, ,257 1, ,271 *Proposed Capital Projects Close Outs 139

144 Columbia Association, Inc. Capital Budget - Current Projects Category I, II and III Projects - Beginning FY 2011 January 31, 2015 (000's) Original Current Proposed Expend. Year To Estimated Capital Projects Proj Fiscal Approved Approved Budget Revised Through Date Remain Completion Category I, II and III Projects Code Year Budget Budget Revisions Budget 01/31/15 Commitment Balance Date CATEGORY II PROJECTS Hobbit's Glen Clubhouse AX /15 IT Improvements DQ ,067 1,067 1, /15 TSSC-Energy Management Sys * AX /15 Hobbit's Glen Clubhouse CG ,000 1,000 1, /15 IT - Document Imaging DR Pending DS-Meeting Room Expansion KK /15 Hickory Ridge Park, Planning, Design SF /15 Hobbit's Glen Clubhouse CS ,425 4,425 4,425 3,251 1, /15 Indoor Tennis Facility - Planning & Design CS Pending Talbott Springs Pool, New Amenity * CS /15 Faulkner Ridge Pool, New Amenity * CS /15 Haven on the Lake CR /15 Headquarters Building DR ,000 1,000 1,000 1,000 Pending IT - Employee Self-Service DR Pending AC - Exterior Renovations Z /15 Haven on the Lake Z ,219 5,219 5,219 3,752 1, /15 Dorsey Hall Bathhouse & ADA Upgrades Z /15 Possible Indoor Pool A & E Z Pending SportsPark Z Pending S&F Facilities & Equipment Upgrades SFF /16 HVAC Unit Replacement-Company Wide CAW /16 TSSC - Arena Upgrades Z /16 OSM - Equipment & Vehicles P /15 Jackson Pond Engineering P /15 Pushcart Pond Engineering P /15 Hickory Ridge Park, Phase I P /15 Virtual Desktop Infrastructure A Pending Subtotal Category II 17,082 17, ,137 10,516 2,738 3,883 *Proposed Capital Projects Close Outs 140

145 Columbia Association, Inc. Capital Budget - Current Projects Category I, II and III Projects - Beginning FY 2011 January 31, 2015 (000's) Original Current Proposed Expend. Year To Estimated Capital Projects Proj Fiscal Approved Approved Budget Revised Through Date Remain Completion Category I, II and III Projects Code Year Budget Budget Revisions Budget 01/31/15 Commitment Balance Date CATEGORY III PROJECTS Fitness Clubs TSSC - RTU-01 Compressor * CJ /15 AC - HVAC RTU-06 CT /15 AC - HVAC HP-04 CT /15 CG - KidSpace Play Zone Upgrades CU /15 TSSC - Café HVAC Unit CV /15 AC - Hot Water Boiler & Heat Exchanger CV /15 AC - HVAC Penthouse, Planning Funds CX /15 TSSC - RTU-06 HVAC Replacement CX /15 TSSC - MyRide Cycling Equipment CY /15 AC - Cardio Area Light Fixtures * CZ /15 TSSC - Arena Divider Curtains * CZ /15 AC - Domestic Hot Water Storage Tanks EA /15 CG - Boiler Z /15 CG - Front Entrance Improvements * Z /15 CG - Carpet Z /15 TSSC - Fitness Equipment Z /15 TSSC - RTU #17 Compressor Z /15 CG - RTU #4 Compressor Z /15 AC - Free Weight Room Flooring * Z /15 AC - Carpet Z /15 CG - RTU #9 Compressor Z /15 TSSC - Physical Therapy Suite, Flooring* Z /15 TSSC - PPP Room Rubber Flooring * Z /15 TSSC - KidSpace/Fitness Breezeway Fl * Z /15 CG - RTU-01 Condenser Coil Z /15 TSSC - Security System Z /15 CG - RTU-03 Heat Exchanger Z /15 AC - ACU-04 Heat Exchanger Z /15 CG - RTU-04 Heat Exchanger Z /15 CG - RTU-09 Heat Exchanger Z /15 CG - RTU-03 Heat Exchanger Z /15 TSSC - Studio 2 Sound System Z /15 Golf Courses FH - Teaching Pavilion * CW /15 HG - Turn House Z /15 *Proposed Capital Projects Close Outs 141

146 Columbia Association, Inc. Capital Budget - Current Projects Category I, II and III Projects - Beginning FY 2011 January 31, 2015 (000's) Original Current Proposed Expend. Year To Estimated Capital Projects Proj Fiscal Approved Approved Budget Revised Through Date Remain Completion Category I, II and III Projects Code Year Budget Budget Revisions Budget 01/31/15 Commitment Balance Date Ice Rink Rain Leader Collection/Eng & Construction CE /15 Cooling Towers, Phase I * CM /15 Cooling Towers, Phase II CW /15 Monument Sign * CZ /15 Refrigerator * Z /15 Copy Machine * Z /15 Indoor/Outdoor Tennis OB - Ballast Shed CV /15 OB - Canopy Z /15 HG - Electrical Service Z /15 HG - Bldg Façade, Phase I Z /15 Aquatics DH - Planning Funds, Bathhouse CM /15 DH - Planning Funds, Spa FA /15 Longfellow - Site Plan,Wading Pool/Deck EC /15 Longfellow - Bathhouse Renovation EC /15 Hawthorn-ADA Bathhouse Plan Funds Z /15 Hawthorn-ADA Wading Pool Plan Funds Z /15 KR - ADA Wading Pool Improvements Z /15 Longfellow - ADA Wading Pool/Deck Z /15 SkatePark/SportsPark HVAC Cooling Coil * Z /15 Golf Ball Collector System Z /15 Horse Center Office, Lobby, Storage Ceiling Repl * DR /15 Barn Roof Replacement DR /15 *Proposed Capital Projects Close Outs 142

147 Columbia Association, Inc. Capital Budget - Current Projects Category I, II and III Projects - Beginning FY 2011 January 31, 2015 (000's) Original Current Proposed Expend. Year To Estimated Capital Projects Proj Fiscal Approved Approved Budget Revised Through Date Remain Completion Category I, II and III Projects Code Year Budget Budget Revisions Budget 01/31/15 Commitment Balance Date Swim Center Air Flow Design - Planning Funds CT /15 Boiler - Program Pool * CV /15 Family Changing Room Planning Funds * CV /15 Program Pool - Planning Funds, Filter * CY /15 Main & Wading Pool - Plan Funds Boiler EB /15 Family Changing Room Construction * EZ /15 Program Pool - Air Evacuation System * Z /15 Main & Wading Pool - Boiler * Z /15 Program Pool - Boiler * Z /15 Program Pool - Electrical Panel Upgrade* Z /15 Village Community Association and Community Services Buildings and Equipment LR - Art Center Gallery Space Flooring * KJ /15 WL-Slayton House-Plan Funds, Elect Sy* KL /15 WL - Slayton House, RTU-01 Heat Exch KM /15 WL - Slayton House, RTU-05 Heat Exch* KN /15 TC - Oakland Manor Egress Staircase KN /15 WL - Slayton House Elect Sys Rehab * B /15 Youth & Teen Center Bldg Sign B /15 HR - Hawthorn NC HVAC Repl Plan Funds B /15 LR - Stonehouse Security Sys Upgrades* B /15 HC - Kahler Hall Marchand Rm Flooring B /15 DS - Linden Hall CU-03 Compressor B /15 LR - Stonehouse ACCU-01 Compressor B /15 KC - Amherst House Digital Copier * B /15 HC - Kahler Hall RTU-05 Heat Exchanger B /15 HC - Kahler Hall CCTV Upgrades B /15 HC - Kahler Hall Kitchen Floor/Prep Sink B /15 TC - Oakland Manor Retaining Wall PF B /15 HC - Kahler Hall Courtyard Fence B /15 HR - Hawthorn NC HVAC Replacement B /15 WL - BWNC Furnace B /15 *Proposed Capital Projects Close Outs 143

148 Columbia Association, Inc. Capital Budget - Current Projects Category I, II and III Projects - Beginning FY 2011 January 31, 2015 (000's) Original Current Proposed Expend. Year To Estimated Capital Projects Proj Fiscal Approved Approved Budget Revised Through Date Remain Completion Category I, II and III Projects Code Year Budget Budget Revisions Budget 01/31/15 Commitment Balance Date Open Space Facilities, Amenities and Improvements TC - Rockwall Structural Repairs RY /15 HRVC - Planning Funds, Open Space SB /15 Maint Facility - Asphalt Replacement SE /15 Maint Facility - Plan Funds, RTU-03 * SG /15 Columbia Wide - Tot Lot Replacement SG /15 TC - L. Kitt Pedestrian Bridge Railing SH /15 TC - Lakefront ADA Ramp SH6-ADA /15 TC - Vantage Park Light Fixture Repl * SH /15 LR - Dannon Garth Pond - Engineering SJ /15 Maint Facility - RTU #3 Unit P /15 Columbia Wide Parking Lot Renovations P /15 Columbia Wide - Pathway Renovation P /15 Columbia Wide - Bridge Replacement P /15 Columbia Wide - Benches P /15 LR - Gateway Rest Park Entrance Lights* P /15 Maint Fac-Vehicle Shop Mower Engine * P /15 Cradlerock Underpass - Retaining Wall P /15 *Proposed Capital Projects Close Outs 144

149 Columbia Association, Inc. Capital Budget - Current Projects Category I, II and III Projects - Beginning FY 2011 January 31, 2015 (000's) Original Current Proposed Expend. Year To Estimated Capital Projects Proj Fiscal Approved Approved Budget Revised Through Date Remain Completion Category I, II and III Projects Code Year Budget Budget Revisions Budget 01/31/15 Commitment Balance Date Administrative Services Division Building and Equipment Company Wide Contingency Fund DQ /15 Company Wide Contingency Fund DQ /15 Company Wide Contingency Fund DR /15 Comm & Marketing - MacBook Computers M /15 Headquarters - Postage Machine A /15 Company Wide Contingency 125K DR7 Swim Center - HVAC #2 Compressor DR /15 Swim Center - RTU-04 Heat Exchanger * DR /15 FHGC - Plan Funds, Bridge/Stream Stab DR /15 ADA Compliance Funding Aquatics - DH, Plan Funds ADA Wading P EA9-ADA /15 Aquatics - River Hill ADA Bathhouse Z /15 Aquatics - Longfellow ADA Wading Pool Z /15 Subtotal Category III 5,441 6, ,033 3,149 1,330 1,554 Subtotal Category I, II and III 24,996 26, ,427 15,463 4,256 6,708 Total Company Current Projects 24,996 26, ,427 15,463 4,256 6,708 *Proposed Capital Projects Close Outs 145

150 Columbia Association, Inc. Capital Budget - Closed Projects January 31, 2015 (000's) Original Current Proposed Expend. Year To Proj Fiscal Approved Approved Budget Revised Through Date Remain Capital Projects Code Year Budget Budget Revisions Budget 01/31/15 Commitment Balance Category I, II and III Projects TSSC Rooftop Air Conditioning Unit RZ (100) (99) (1) TSSC - Microturbine Design RZ (22) (21) (1) TSSC - Energy Recovery & HVAC Improv SE (120) (118) (2) Art Center - HVAC Upgrade Design SF (10) (10) 0 LR-Stonehouse HVAC Upgrade Design SF (10) (10) 0 Art Center - Gallery LED Upgrade SF (11) (11) 0 RBNC - Parking Lot Lighting Upgrades GGP (8) (8) 0 Watershed Retrofit - LE-RRI-015 RU (265) (265) 0 Watershed Retrofit - LE_RRI-019 RU (250) (246) (4) Watershed Retrofit - LE-RRI-507 RW (241) (237) (4) TSSC - Energy Management System AX (225) (220) (5) Talbott Springs Pool, New Amenity CS (75) (71) (4) Faulkner Ridge Pool, New Amenity CS (75) (40) (35) TSSC - RTU-01 Compressor CJ (9) (4) (5) AC - Cardio Area Light Fixtures CZ (5) (1) (4) TSSC - Arena Divider Curtains CZ (29) (25) (4) CG - Front Entrance Improvements Z (83) (82) (1) AC - Free Weight Room Flooring Z (60) (60) 0 TSSC - Physical Therapy Suite, Flooring Z (8) (8) 0 TSSC - PPP Room Rubber Flooring Z (5) (5) 0 TSSC - KidSpace/Fitness Breezeway Floor Z (5) (5) 0 FH Golf Course - Teaching Pavilion CW (7) (7) 0 IR - Cooling Towers, Phase 1 CM (34) (33) (1) IR - Monument Sign CZ (8) (4) (4) IR - Refrigerator Z (3) (3) 0 IR - Copy Machine Z (5) (5) 0 SportsPark - HVAC Cooling Coil Z (9) (9) 0 Horse Ctr - Office, Lobby, Storage Ceiling DR (32) (32) 0 SC - Boiler, Program Pool CV (20) (9) (11) SC - Family Changing Room Plan Funds CV (23) (18) (5) SC - Program Pool, Filter Plan Funds CY (8) (8) 0 SC - Family Changing Room Construction EZ (100) (98) (2) SC - Program Pool, Air Evacuation System Z (64) (55) (9) SC - Boiler, Main & Wading Pool Z (50) (48) (2) 146

151 Columbia Association, Inc. Capital Budget - Closed Projects January 31, 2015 (000's) Original Current Proposed Expend. Year To Proj Fiscal Approved Approved Budget Revised Through Date Remain Capital Projects Code Year Budget Budget Revisions Budget 01/31/15 Commitment Balance SC - Boiler, Program Pool Z (35) (32) (3) SC - Program Pool,Electrical Panel Upgrade Z (15) (10) (5) LR - Art Center Gallery Space Flooring KJ (25) (18) (7) WL - Slayton House Elect Sys - Plan Funds KL (8) (8) 0 WL - Slayton House RTU-05 Heat Exch KN (6) (5) (1) WL - Slayton House Elect Sys Rehab B (35) (25) (10) LR - Stonehouse Security Sys Upgrade B (5) (4) (1) KC - Amherst House Digital Copier B (4) (4) 0 Maint Facility - RTU-03 Plan Funds SG (12) (6) (6) TC - Vantage Park Light Fixture Repl SH (14) (11) (3) LR - Gateway Rest Park Entrance Lights P (14) (13) (1) Maint Facility-Vehicle Shop, Mower Engine P (5) (5) 0 SC - RTU-04 Heat Exchanger DR (4) (3) (1) Total Company Closed Projects 1,583 2,161 0 (2,161) (2,019) 0 (142) 147

152 Administrative Services Division FACILITY PROJECT YEAR CURRENT APPROVED BUDGET REMAINING BALANCE STATUS ESTIMATED COMPLETION DATE Administrative Services DQ4 Information Technology 12 1,067,000 94,000 This request is for Information Technology Improvement throughout the 4/15 Improvements organization. Please refer to the budget document for a more detailed explanation Company Wide Contingency DQ5 Company Wide Contingency Fund ,000 25,000 Funds for any unforseen capital emergency needs 12/15 Administrative Services DR1 Information Technology Document Imaging Company Wide Contingency THE COLUMBIA ASSOCIATION, INC. STATUS OF CAPITAL PROJECTS OVER ONE YEAR OLD THIRD QUARTER OF FY 15 JANUARY 31, ,000 15,000 This tool will allow CA to scan invoices, purchase orders, checks, contracts, W-9 forms, I-9 forms, W-2's, contracts, etc. into Lawson, CA's financial system DQ8 Company Wide Contingency Fund ,000 57,000 Funds for any unforseen capital emergency needs 12/15 Pending Administrative Services DR2 Headquarters Building 14 1,000,000 1,000,000 Funds are to begin the process of securing headquarters space for CA Pending Administrative Services DR3 Information Technology - Employee Self-Service Company Wide Contingency 14 61,000 61,000 A web-based tool that enables team members and team leaders to take ownership of personal information and enables team leaders to track and maintain information about their direct reports DR4 Company Wide Contingency Fund ,000 36,000 Funds for any unforseen capital emergency needs 12/15 Pending 148

153 Community Services Division THE COLUMBIA ASSOCIATION, INC. STATUS OF CAPITAL PROJECTS OVER ONE YEAR OLD THIRD QUARTER OF FY 15 JANUARY 31, 2015 FACILITY PROJECT Long Reach KJ1 Art Center, Gallery Space Flooring FY CURRENT APPROVED BUDGET REMAINING BALANCE STATUS ESTIMATED COMPLETION DATE 13 25,000 7,000 Complete Complete Dorsey's Search KK2 Meeting Room Expansion , ,000 Permit approval process underway with likely approval date early Work on the meeting room will start March 2015 with work on the pool portion scheduled for September 2015 so that the summer 2015 pool schedule can be maintained. Wilde Lake KL8 Slayton House, Electrical System, Planning Funds 12/ ,000 - Complete Complete Wilde Lake KM9 Slayton House, RTU-01 Heat Exchanger Wilde Lake KN1 Slayton House, RTU-05 Heat Exchanger Town Center KN8 Oakland Manor, Egress Staircase 14 6,000 5,000 Project is currently underway 5/ ,000 1,000 Complete Complete ,000 14,000 Work is complete with minor punch-out remaining 3/15 149

154 Open Space Management Division STATUS OF CAPITAL PROJECTS OVER ONE YEAR OLD THIRD QUARTER OF FY 15 JANUARY 31, 2015 FACILITY PROJECT FY CURRENT APPROVED BUDGET REMAINING BALANCE STATUS ESTIMATED COMPLETION DATE Watershed Projects RT4 WL Shoreline - Engineering Funds 11 75,000 72,000 Project included in Large Lake Sediment Management Plan RFP 12/15 Watershed Projects RT5 WL Shoreline - Construction Funds , ,000 Project included in Large Lake Sediment Management Plan RFP 12/15 Watershed Projects RU2 Watershed Retrofit - LE-RR ,000 - Complete Complete Watershed Projects RU3 Watershed Retrofit - LE-RR ,000 4,000 Complete Complete Watershed Projects RU4 Watershed Retrofit - LE-RR! , ,000 State and Federal permits approved, granted Site Development Plan waiver, waiting on a title search to complete request for a Developers Agreement 10/15 Watershed Projects RW2 Watershed Retrofit LE-RR ,000 - Access denied by adjacent property owner. Project will be cancelled 4/15 Watershed Projects RW3 Watershed Retrofit LE-RR ,000 - Access denied by adjacent property owner. Project will be cancelled 4/15 Watershed Projects RW5 Watershed Retrofit LE-RR ,000 4,000 Complete Complete Town Center RY7 Rockwall Structural Repairs , ,000 This project will provide for the Town Center Rock Wall. Project is underway 7/15 Going Green Energy Initiatives Going Green Energy Initiatives RZ7-02 TSSC Rooftop Air Conditioning Unit ,000 1,000 Complete Complete RZ7-03 Columbia Gym - HVAC Unit Controllers 13 20,000 3,000 Project is complete and will close pending final invoicing 4/15 Building Energy Retrofits RZ8-17 TSSC - Micro turbine Design 13 22,000 1,000 Complete Complete Watershed Projects RZ4 Watershed - Jackson Pond 13 95,000 88,000 Stream surveyed, developing solution to severe erosion below instream weirs up stream of Jackson Pond 10/15 Harper's Choice SB3 Planning Funds, Open Space Amenity 13 14,000 1,000 This project is for planning funds for an Open Space amenity 10/15 150

155 Open Space Management Division STATUS OF CAPITAL PROJECTS OVER ONE YEAR OLD THIRD QUARTER OF FY 15 JANUARY 31, 2015 CURRENT FACILITY PROJECT FY APPROVED BUDGET REMAINING BALANCE STATUS Maintenance Facility SE2 Asphalt Replacement 13 37,000 32,000 These funds will be used to mill and re-surface the area on the dock side of the Maintenance Facility ESTIMATED COMPLETION DATE 4/15 Going Green Energy Initiatives SE9-04 TSSC - Energy Recovery & HVAC Improvements ,000 2,000 Complete Complete Building Energy Retrofits SF1-01 TSSC - HVAC Energy Recovery 14 20,000 13,000 Work is currently underway 6/15 Building Energy Retrofits SF1-05 Art Center - HVAC Upgrade Design 14 10,000 - Complete Complete Building Energy Retrofits SF1-06 Stonehouse - HVAC Upgrade Design 14 10,000 - Complete Complete Building Energy Retrofits SF1-08 TSSC - CHP Generator Design 14 15,000 5,000 Work is currently underway 12/15 Building Energy Retrofits SF1-10 Haven on the Lake - Interior LED Lighting Building Energy Retrofits SF1-11 Art Center - Gallery LED Lighting Upgrade 14 17,000 17,000 Selection of lights complete with work pending 4/ ,000 - Complete Complete Building Energy Retrofits SF1-12 HG - Parking Lot Lights LED Retrofit 14 23,000 2,000 Work in progress 4/15 Columbia Wide SE5 Columbia Wide Water Quality 14 75,000 59,000 These funds will be used towards the Dannon Garth emergency repairs required by Howard County Maintenance Facility SE6 Stormwater Detention Pond 14 58,000 44,000 Project is designed. Developers Agreement being executed. Will go to construction once grading permit is received 7/15 7/15 Wilde Lake SE7 Wilde Lake Barn Bio-retention Facility 14 55,000 48,000 Engineering is complete and construction will start this spring 4/15 Hickory Ridge SF7 Hickory Ridge Park, Planning and Design ,000 93,000 This project is for design, engineering, permitting and construction funds for park improvements 10/15 Maintenance Facility SG1 HVAC RTU-03, Planning Funds 14 12,000 6,000 Complete Complete 151

156 Open Space Management Division STATUS OF CAPITAL PROJECTS OVER ONE YEAR OLD THIRD QUARTER OF FY 15 JANUARY 31, 2015 FACILITY PROJECT FY CURRENT APPROVED BUDGET REMAINING BALANCE STATUS ESTIMATED COMPLETION DATE Columbia Wide SG3 Tot Lot Replacement ,000 46,000 This project is well underway 7/15 Town Center SH3 Lake Kittamaqundi - Pedestrian Bridge Railing 14 8,000 8,000 This project will start this spring 4/15 Town Center SH6-ADA Lakefront ADA Ramp 14 15,000 15,000 This project will start this spring 4/15 Town Center SH8 Vantage Park Light Fixture Replacement 14 14,000 3,000 Complete Complete Long Reach SJ3 Dannon Garth Pond, Engineering 14 67,000 16,000 This project is well underway 4/15 152

157 THE COLUMBIA ASSOCIATON, INC. STATUS OF CAPITAL PROJECTS OVER ONE YEAR OLD THIRD QUARTER OF FY 15 JANUARY 31, 2015 Sport and Fitness Division FACILITY PROJECT FY CURRENT APPROVED BUDGET REMAINING BALANCE Hobbit's Glen Clubhouse AX2 Architectural, Engineering ,000 - Construction related services now underway. Project will close at completion of Clubhouse STATUS ESTIMATED COMPLETION DATE 12/15 Supreme Sports Club AX3 Energy Management System ,000 5,000 Complete Complete Ice Rink CE3 Eng. Serv-Rain Leader Collection 12 18,000 2,000 Work is complete and this project will close pending final invoicing 5/15 Hobbit's Glen Clubhouse CG9 Clubhouse Renovation Funds 13 1,000, ,000 Project design is complete. Project will close at completion of Clubhouse 12/15 Supreme Sports Club CJ2 RTU-01 Compressor 13 9,000 5,000 Complete Complete Athletic Club CT7 HVAC RTU ,000 32,000 Engineering complete, work planned for summer shutdown 12/15 Athletic Club CT8 HVAC HP ,000 53,000 Engineering complete, work planned for summer shutdown 12/15 Ice Rink CM8 Cooling Towers, Phase ,000 1,000 Complete Complete Aquatics CM3 DS - Planning Funds, Bathhouse 13 30,000 - Architectural work is currently underway with permit approval pending 12/15 Hobbit's Glen Golf Course CS4 Clubhouse Renovation Funds 14 4,425,000 - Project is currently underway 12/15 Indoor/Outdoor Tennis CS5 Indoor Tennis Facility, Planning and Design ,000 81,000 CA staff members are currently reviewing options for large capital project procurement Pending Aquatics CS6 Talbott Springs Pool, New Amenity 14 75,000 4,000 Complete Complete Aquatics CS7 Faulkner Ridge Pool, New Amenity 14 75,000 35,000 Complete Complete Haven on the Lake CR4 Design, engineering and permitting funds ,000 - Project will close at completion of construction process and final invoicing 6/15 Columbia Gym CU9 KidSpace Play Zone Upgrades 14 10,000 6,000 Work is currently underway 8/15 Supreme Sports Club CV7 Café HVAC Unit 14 65,000 19,000 Work is currently complete and will close pending final invoicing 6/15 Athletic Club CV8 Hot Water Boiler and Heat Exchanger 14 30,000 1,000 Project is complete and will close pending final invoicing 2/15 153

158 Sport and Fitness Division FACILITY PROJECT FY CURRENT APPROVED BUDGET THE COLUMBIA ASSOCIATON, INC. STATUS OF CAPITAL PROJECTS OVER ONE YEAR OLD THIRD QUARTER OF FY 15 JANUARY 31, 2015 REMAINING BALANCE Athletic Club CX2 HVAC Penthouse, Planning Funds 14 8,000 - Work is currently underway 9/15 STATUS ESTIMATED COMPLETION DATE Supreme Sports Club CX6 HVAC, RTU-06 Replacement 14 65,000 14,000 Work is currently underway 6/15 Supreme Sports Club CY3 MyRide Cycling Equipment 14 34,000 6,000 Work is underway with final phases planned for fall /15 Athletic Club CZ2 Cardio Area Light Fixtures 14 5,000 4,000 Complete Complete Supreme Sports Club CZ4 Arena Divider Curtains 14 29,000 4,000 Complete Complete Athletic Club EA1 Domestic Hot Water Storage Tanks 14 19,000 1,000 Project will close pending final invoicing 4/15 Fairway Hills Golf Course CW1 Teaching Pavilion 14 7,000 - Complete Complete Ice Rink CW3 Cooling Towers, Phase II 14 40,000 5,000 Work is currently underway 3/15 Ice Rink CZ6 Monument Sign 14 8,000 4,000 Complete Complete Indoor/Outdoor Tennis CV2 Ballast Shed 14 33,000 6,000 Project is complete and will close pending final invoicing 3/15 Aquatics FA1 Dorsey Hall, Spa Planning Funds 14 14,000 - Permitting process is currently underway 12/15 Aquatics EC1 Longfellow, Site Plan Wading Pool and Deck 14 23,000 - Work is currently underway 6/15 Aquatics EC4 Longfellow, Bathhouse Renovation ,000 15,000 Project is complete and will close pending final invoicing 3/15 Horse Center DR8 Office, Lobby, Storage Room - Ceiling Replacement 14 32,000 - Complete Complete Horse Center DR9 Barn Roof Replacement ,000 88,000 Design process is currently underway 12/15 Swim Center CT2 Air Flow Design, Planning Funds 14 20,000 7,000 Work is complete and will close pending final invoicing 3/15 Swim Center CV5 Boiler, Program Pool 14 20,000 11,000 Complete Complete 154

159 Sport and Fitness Division FACILITY PROJECT FY CURRENT APPROVED BUDGET Swim Center CV6 Family Changing Room Planning Funds THE COLUMBIA ASSOCIATON, INC. STATUS OF CAPITAL PROJECTS OVER ONE YEAR OLD THIRD QUARTER OF FY 15 JANUARY 31, 2015 REMAINING BALANCE STATUS ESTIMATED COMPLETION DATE 14 23,000 5,000 Complete Complete Swim Center CY8 Program Pool Filter, Planning Funds 14 8,000 - Complete Complete Swim Center EB2 Main & Wading Pool Boiler, Planning Funds 14 6,000 4,000 Work is complete and will close pending final invoicing 2/15 Swim Center EZ4 Family Changing Room Construction ,000 2,000 Complete Complete ADA Compliance Funding EA9-ADA Dorsey Hall, ADA Wading Pool Planning Funds 14 15,000 2,000 Project will close at completion of Dorsey Hall project 12/15 155

160 SPORT & FITNESS DIVISION QUARTERLY MARKETING REPORT THIRD QUARTER FY

161 Spring 2015 Communication and Marketing Update and Planned Initiatives Press Releases Sent/Media Pick-Up Press releases between 10/2014 and 2/2015: Columbia It Is exhibit at Columbia Archives (coverage from Business Monthly, Columbia Flier, Columbia Patch, HoCo Connect blog, WBAL TV-11) Sister Cities summer exchange info sessions (coverage from Columbia Flier, Columbia Patch) Spirit of Columbia scholarship awards (coverage from Columbia Flier, Columbia Patch) Consideration of sister city in Haiti (coverage from Business Monthly, Columbia Patch) Lake Kittamaqundi pathway loop (coverage from Columbia Flier, Columbia Patch, HoCo Connect blog, The 53 blog) CA budget hearing (coverage from Columbia Flier, Columbia Patch) CA Board aquatics work session (coverage from Columbia Patch) Sister Cities summer exchange info sessions (coverage from Baltimore Sun, Business Monthly's BizWeekly, Columbia Flier, Columbia Patch) Call for vendors, etc, for South American Culture Fest (coverage from Business Monthly, Columbia Flier, Columbia Patch, HoCo Rising blog, The 53 blog, Village Green/Town Squared blog) Reminder about Columbia Archives mini-course (coverage from Business Monthly, Columbia Flier, Columbia Patch, Howard County Beacon) Excite Columbia citizens academy (coverage from Columbia Patch) Lakefront Wednesdays musicians auditions (coverage from Columbia Patch) Media interactions between 10/2014 and 2/2015: Associated Press, Baltimore Sun, Business Monthly, Columbia Flier, Chesapeake Home and Living, Columbia Patch, Howard Community College Radio, Howard Magazine, The 53 blog, WBAL TV-11, FOX 45, Washington Post, WNEW Broadcast Campaigns Sampling of broadcasts sent: Haven on the Lake (Ambassadors), Haven on the Lake (Prospects),Tennis (Trial classes for new Cardio Tennis), Personal Training (Rock Your Jeans - weekly for program participant), SportsPark Special offer (Party List & Kids Day leads), Fairway Hills (Turkey Shoot), Hobbits Glen (Turkey Shoot), KidSpace (December Family Fun), Package Plan Plus & Women s Gym monthly (Codes ), Aquatics, Tennis, Personal Training (Rock Your Jeans - weekly for program participant), Black Friday Member and Art Center monthly In December a campaign began that will run throughout 2015, to acquire updated and new addresses: this will coincide with the launch of an optin/out page posted on the CA website enabling users to choose what type of information they will receive from CA electronically The last day of January we sent CA Digest, our new monthly enewsletter to 3 different groups: PPP members, all other members, and everyone else for whom we had an address. Ad Placements/Ad Campaigns Membership: Launched new membership ad campaign with print ads, direct mail featuring CA employees and members Promoted MSC s gift cards, tickets and other offerings with a special offer in the 2014 Holiday Gift Guide magazine as part of the Baltimore Sun/Columbia Flier/Howard County Times Promoted general CA memberships through a complimentary advertisement run of six months in the Columbia Jewish Congregation newsletter as part of our donation of to their Chanukah/Winter Celebration Promoted general CA memberships in prime spots on the home page and sports page of BaltimoreSun.com during the Ravens/Patriots playoff weekend coverage because of increased traffic to that site Promoted CA memberships with digital online ads accompanying additional articles as part of the Baltimore Sun Content Marketing including Sustaining Sustainability, and Saving Through Sustainability General CA Memberships were promoted as part of the regular monthly ad campaign in the Columbia Flier, Howard County Times and direct mail Promoted CA memberships and the Biggest Winner Weight Loss contest with new marketing campaign featuring Darrell Gough, CA Personal Trainer, in the Columbia Flier, Howard County Times and direct mail 157

162 Golf: Promoted Fairway Hills Golf Club, including memberships, daily play and season pass in the October 26 Baltimore Sun Special Social Security Guide insert Supported Howard County Youth Program s (HCYP) fundraising efforts with a donation of a complimentary foursome to Fairway Hills to use in a silent auction Continued promotion of Fairway Hills on Living Social and Amazon Local The Golf commercial running during Monday Night Football season will be switched in November to a Haven on the Lake commercial Promoted CA Golf Clubs in the Annual Fort Meade Welcome Guide Promoted golf clubs with a series of radio commercials on CBSDC radio during Wizards and Capitals coverage and the news station Haven on the Lake: November Her Mind Magazine with a print ad Digital online ads on BaltimoreSun.com as part of the content marketing article series. The article is Living Life Healthier and Less Stressed. TV Commercial which ran through Monday Night Football season TV commercials and online ads on ABC2 News (WMAR) Series of radio commercials on CBSDC radio during Wizards and Capitals coverage and the news station Prime spots on the home page and sports page of BaltimoreSun.com during the Ravens/Patriots playoff weekend coverage broadcast to a list of 11,000 subscribers to the Jewish Times/Style Magazine sent for Haven on the Lake opening Print materials for tour groups and sales collateral Gift packets created for visitors Kids: Promoted Holiday Fun for Kids with coupons for Columbia Ice Rink admission, SplashDown Birthday Parties and CA Parties in the November Howard Magazine Launched a SplashDown deal on Living Social that sold over 450 vouchers in two weeks Promoted CA s offerings for kids with an ad in the 2015 Howard County Parent s Resource Guide Promoted SportsPark with a series of radio commercials on CBSDC radio during Wizards and Capitals coverage and the news station Art Center: Promoted Columbia Art Center, encouraging people to sign up to receive s about programs/events through a direct mailer to a list of 3,000 new residents from July-September 2014: generic copies of the same piece are being added to the New Member and New Resident Welcome Packets at MSC General: Promoted CA and several facilities and programs with a link to both CA s website and ColumbiaFit.org in a print ad for the 2015 Official Visitors and Residents Guide from Howard County Tourism Promoted CA in general with print ad in the 2015 Association of Community Services Directory that was distributed in January Camps: Promoted CA Summer Camps in a print ad in the 2015 Official Visitors and Residents Guide from Howard County Tourism Promoted Summer Camps in the Harper s Choice Camp Expo and Jewish Times Camps Insider issue Martial Arts: Promoted the Krav Maga classes at Columbia Gym with a TV commercial during the BCS College Championship Football game of Oregon vs. Ohio State New U Program: Promoted CA s New U Program in the January Howard Magazine Health and Wellness issue Social Media Social media campaigns: Spirit of Columbia Scholarship, Columbia It Is Exhibit, Columbia Speaks, Ladies Night, Haven on the Lake On Haven on the Lake accounts: Promoted Haven on the Lake s spa services and movement classes; spa gift cards; meet the instructor series; hot yoga Facebook followers: 6,490 (as of January 31, 2015) Twitter followers: 2,334 (as of January 31, 2015) 158

163 YouTube monthly average channel views: 5,340 (as of January 31, 2015) Launched CA Pinterest site- January 2015 Publications November CA Monthly highlighted new Lake Kittamaqundi path, an update on Hobbit s Glen Clubhouse reconstruction, and class offerings at Haven on the Lake. December CA Monthly (to be published 12/4) features CA s massive new solar project that will take Columbia Gym and Columbia Athletic Club to solar power, the newest sport offering of Pickleball and a follow-up to Columbia Speaks, CA Listens, encouraging residents to provide more input on shaping CA. The theme for the January CA Monthly was New Ways to Get Fit. The theme for the February issue was Arts & Culture. The theme for March, currently being produced, is Spring. The summer CA Activities Guide is currently in production. Events There were no events that were scheduled during November or December. We have implemented regular meetings with the Village community association event coordinators to better align CA major events and Village major events, so there is no overlapping between the two groups. This way the entire community will be able to enjoy what both organizations have to offer. We also supported the Haven grand opening from conception to communications, marketing, logistics and presentation. The following 2015 events are in the planning process: Camps Open House: March 21 Excite Columbia: March 24 thru April 28 Biggest Winner Success Celebration: March 21 Columbia Cleanup Day: March 21 Creating Columbia Mini Course - Shaping Columbia: March 24 Hobbit s Glen Clubhouse Grand Opening: TDB in April/May 2015 South America Culture Fest - April 26 (in partnership with HCLS) Dog Day Afternoon: May 2 (rain date May 3) as of 2/10 we have acquired 3 Top Dog Sponsors Off Leash k9 Training, Bark! Pawsitive Pet Food, Subaru Camps Open House: May 13 River Hill RideAbout: May 16 KidsDay: June 6 Lakefront Wednesday Lunchtime Concert Series: June 17 thru August 12 Lakefront Summer Festival: June 15 thru September 20 BikeAbout: September 26 Hear My Voice Teen Idol Competition: October Expo: October 16 Video Productions November Public Safety Message - HC Police STEP Program December Public Safety Message - Holiday Safety Columbia Speaks Event Video Downtown Columbia Partnership Wilde Lake Village Center Redevelopment 159

164 The Village in Howard Columbia Archives new exhibit, This It Is! CA s Solar Panel Project Pickleball offered at the Owen Brown Tennis Club CA Ribbon Cutting Event A Conversation with Milton W. Matthews: o Headquarters Relocation o Haven on the Lake o Best of Howard Awards Columbia Matters: o Haven on the Lake interview with Rob Goldman o Biggest Winner Fitness Challenge o New Training Fitness Supervisors o CA Member Sandeep Bansel, Weight Loss Journey o Healthy Eating w/ca Medical Director, Dr. Harry Oken Overview of Haven on the Lake: Promo Invite to YTC Clothing Drive Public Safety Message w/hc Police Department: Winter Driving Safety Signage New exterior signage being created for use by Open Space team working in field that says CA at Work : to be placed where landscaping is being done, construction work is taking place, at pathway repairs, etc. Other New: Radio/Internet Broadcast! We have just recorded our first radio broadcast which will air beginning March 1 through a partnership with HCC Radio. The broadcast will be available at the HCC website, as well as be linked from our website and Facebook page. Featured in March will be CA sustainability measures, the Volunteer Center, CA Scholarships, Excite Columbia citizen s academy, and Columbia s 50 th Birthday. The program will change each month. 160

165 FY 15 Total Membership Numbers and Revenue for the Nine Months Ending January 31, ,000 24,000 FY15 Total Membership Numbers by Quarter 23,000 22,000 21,000 20,000 21,438 20,781 20,515 FY15 Qtr 1 FY15 Qtr 2 FY15 Qtr3 FY15 Qtr 4 6,000 FY15 Membership Revenue by Quarter ($000's) 5,000 4,000 4,329 4,418 4,337 3,000 FY15 Qtr 1 FY15 Qtr 2 FY15 Qtr3 FY15 Qtr 4 161

166 25,000 20,000 Detailed Membership Data (CA Resident/Non-Resident and Columbia Cards) by Quarter 15,000 10,000 CA Resident Membership Non Resident Membership Columbia Cards 5,000 - FY15 Qtr 1 FY15 Qtr 2 FY15 Qtr3 FY15 Qtr 4 FY15 CA Resident Membership Non-Resident Membership Total Memberships Columbia Cards FY15 Qtr 1 14,003 7,435 21,438 1,751 FY15 Qtr 2 13,777 7,004 20,781 1,866 FY15 Qtr3 13,586 6,929 20,515 1,869 FY15 Qtr 4-162