January 8, :00 a.m.

Transcription

1 January 8, :00 a.m. I. CALL TO ORDER Denis Noah, President II. III. IV. APPROVAL OF MINUTES Approval of the November 20, 2015 Minutes TREASURER S REPORT Gray Davis November and December Financials PRESIDENT S REPORT Denis Noah V. NEW BUSINESS FY 16 Budget Amendment: Young Professional Network Development Counsellors International Invoice Priority Marketing Invoice VI. ADJOURN Next Meeting: Friday, February 5, :00 a.m. Lee County Economic Development Office 2201 Second Street, Conference Room 118, 1 st Floor Fort Myers, FL (Revised 1/7/2016)

2 HORIZON FOUNDATION, INC. BOARD OF DIRECTORS MEETING MINUTES November 6, 2015 Members Present: Chris Spiro, Chauncey Goss, Roger Desjarlais, Ben Siegel, Alan Mandel, Jim Wilson, Rana Erbrick, Mike Quaintance, Russell Schropp, Gary Griffin, Randy Henderson, Gray Davis, Lawrence Antonucci, Dennie Hamilton, Denis Noah, Ben Nelson. Guests and Staff: Dan Eveloff, Glen Salyer, Rachel Busch, B. Pat O Rourke, Warren Baucom, Antranette Forbes, Amy McQuagge, Barbara Kelly, Sarah Newcomb I. CALL TO ORDER President, Mr. Hamilton called the meeting to order at 11:42 a.m. II. SECRETARY CANDIDATE The Board discussed electing Dan Eveloff as their new Secretary. A motion to elect Dan Eveloff as the Foundation Secretary was made by Mr. Schropp, seconded by Mr. Wilson,and unanimously approved. III. AUDIT Amy Cooper, Principal at Clifton Larsen Allen, gave its presentation on the Horizon Foundation 2014 audit. A motion to approve the audit was made by Dr. Antonucci, seconded by Mr. Hamilton, and unanimously approved. IV. APPROVAL OF MINUTES A motion to approve the minutes of the October 2, 2015 meeting made by Mr. Schropp seconded by Mr. Noah, and unanimously approved. V. TREASURER REPORT Gary Griffin Mr. Griffin reviewed the September 2015 financials. Discussion regarding the financials ensued. A motion to accept the Treasurer s report of the September 2015 financials made by Mr. Schropp, seconded by Mr. Noah, and unanimously approved. VI. NEW BUSINESS 2016 Budget Adoption Mr. Noah discussed the proposed 2016 budget and recommended the following: $410,000 as the 2016 fundraising goal; the addition of a budget line item titled Young Professionals in the amount of $5,000. A motion to approve the amended budget was made by Mr. Griffin, seconded by Mr. Schropp, and unanimously approved. Public Relations and Marketing Contracts Amy McQuagge explained the proposal to contract separately with DCI and Priority Marketing. 2

3 A motion to approve these contracts were made by Ms. Watermeier, seconded by Mr. Schropp, and unanimously approved. Annual Meeting Coordination A motion to approve the Annual Meeting Event Coordination contract was made by Ms. Watermeier, seconded by Mr. Schropp, and unanimously approved. Harmon s Audio Visual/ Hyatt Contract Ratifications Mrs. Forbes explained that both contracts deal with the 2015 Industry Appreciation event. A motion to approve both contracts was made by Mr. Noah, seconded by Ms. Watermeier., and unanimously approved. Stonegate Bank CD Renewal Stonegate provided the best short term rates as compared to Bank of America and IberiaBank. A motion to approve the renewal was made by Ms. Watermeier, seconded by Mr. Schropp, and unanimously approved. EDO Holiday Appreciation Event Mr. Salyer proposed a holiday dinner to reward staff for their hard work. A motion to approve this event was made by Mr. Noah, seconded by Mr. Schropp, and unanimously approved. VII. ADJOURN With no further business, the meeting adjourned at 11:51 a.m. 3

4 Horizon Foundation, Inc. Financial Summary - as of November 30, 2015 General Operating & Marketing Funds Wells Fargo Checking Account 156, Wells Fargo Money Market 171, Stonegate Bank - CD 55, IberiaBank CD , IberiaBank CD , Petty Cash Bank of America Checking Account 84, Subtotal 668, Undeposited Funds 0.00 Accounts Receivable (incl pledges) 117, , Less Encumbrances Uncleared Transactions 0.00 Subtotal Expenses 0.00 Unencumbered Balance 786, Investor Summary Pledges 399, Perm. Restricted (CCRSC) 15, , * Perm. Restricted (IDA Marketing Contribution) 25, FY 15 Total 439, *104% of fundraising goal 2016 Pledges (Temp. Restricted) 144,

5 Horizon Foundation, Inc. 11:21 AM Balance Sheet 12/10/2015 As of November 30, 2015 Accrual Basis ASSETS Current Assets Checking/Savings Nov 30, 15 Bank of America - Checking 84, Wells Fargo Checking 156, Wells Fargo Money Market 171, Total Checking/Savings 413, Accounts Receivable Accounts Receivable 117, Total Accounts Receivable 117, Other Current Assets IBERIABANK - CD (Mktg) , IBERIABANK CD (Op) , Petty Cash Stonegate Bank - CD 55, Total Other Current Assets 255, Total Current Assets 786, Fixed Assets Fixed Assets Accumulated Depreciation -16, Furniture, Lobby 2, Office Furniture 30, Total Fixed Assets 15, Total Fixed Assets 15, TOTAL ASSETS 801, LIABILITIES & EQUITY Equity Unrestricted Net Assets 807, Net Income -6, Total Equity 801, TOTAL LIABILITIES & EQUITY 801,

6 Jan - Nov 15 Budget $ Over Budget % of Budget Ordinary Income/Expense Income Contributions Income Contributions - Temp Restricted 144, Perm. Restricted IDA Marketing Contribution 25, , % Perm. Restricted - Other 15, Total Perm. Restricted 40, , , % Contributions Income - Other 399, , % Total Contributions Income 583, , , % Funds Transfer % In-Kind Contributions Investor InKind Contributions 43, Total In-Kind Contributions 43, Special Events - Income Events - Ticket Sales Annual Meeting 11, , , % Industry Appreciation 4, , , % Total Events - Ticket Sales 15, , , % Total Special Events - Income 15, , , % Total Income 642, , , % Gross Profit 642, , , % Expense Business Development Business Database Directories 1, , , % Collateral Materials 7, , , % EFI Partnership 10, , % Miscellaneous /Printing Product , , % Professional Memberships 1, , , % Program Development , , % Site Consultant Familiarization 9, , , % Total Business Development 31, , , % Contribution - SWFEDA 20, , % Event Cost Annual Meeting 14, , , % Annual Meeting Inkind Expense 5, Healthcare TF Wellness Event 4, , , % Horizon Day at the Stadium 1, , % Paypal - Fees % Pres.Circle Sponsorships 9, , , % Retreat Task Force & SpecialMtg 1, , , % Total Event Cost 37, , , % FGCU/HC Quarterly Bus. Survey 4, , , % Foundation Publications & Mater , , % 6

7 Jan - Nov 15 Budget $ Over Budget % of Budget General & Administrative Other Expense Bank Service Charges Miscellaneous DNB , , % LoopNet 4, , , % Photos/Videographer 12, , , % Postage and Mailing Lists , , % SizeUp 4, , % Miscellaneous - Other 1, , , % Total Miscellaneous 23, , , % Total Other Expense 23, , , % Professional Fees Accounting 7, , % Legal Fees , , % Total Professional Fees 7, , , % Total General & Administrative 31, , , % General Membership/Exec Mtgs 1, , , % Industry Appreciation Ind Appreciation Inkind Expense 35, Industry Appreciation 87, , , % Total Industry Appreciation 122, , , % Public Relations and Advertisin Airport Marketing 31, , , % Direct Marketing 16, , , % Inkind Advertising Expense 2, Marketing Firm 319, , , % Pay Per Click PC Campaign , , % Public Relations/Social Media/ , , % Website Enhancement & Solodev 26, , , % Total Public Relations and Advertisin 396, , , % Sponsorship New Press Market 5, , % Travel & Entertainment % Total Expense 649, , , % Net Ordinary Income -6, , , % Other Income/Expense Other Income Interest Income Total Other Income Net Other Income Net Income -6, , , % 7

8 Jan - Nov 15 Ordinary Income/Expense Income Contributions Income Contributions - Temp Restricted 144, Perm. Restricted IDA Marketing Contribution 25, Perm. Restricted - Other 15, Total Perm. Restricted 40, Contributions Income - Other 399, Total Contributions Income 583, Funds Transfer 0.00 In-Kind Contributions Investor InKind Contributions 43, Total In-Kind Contributions 43, Special Events - Income Events - Ticket Sales Annual Meeting 11, Industry Appreciation 4, Total Events - Ticket Sales 15, Total Special Events - Income 15, Total Income 642, Gross Profit 642, Expense Business Development Business Database Directories 1, Collateral Materials 7, EFI Partnership 10, Professional Memberships 1, Program Development Site Consultant Familiarization 9, Total Business Development 31, Contribution - SWFEDA 20, Event Cost Annual Meeting 14, Annual Meeting Inkind Expense 5, Healthcare TF Wellness Event 4, Horizon Day at the Stadium 1, Paypal - Fees Pres.Circle Sponsorships 9, Retreat Task Force & SpecialMtg 1, Total Event Cost 37, FGCU/HC Quarterly Bus. Survey 4, General & Administrative Other Expense Bank Service Charges

9 Jan - Nov 15 Miscellaneous LoopNet 4, Photos/Videographer 12, SizeUp 4, Miscellaneous - Other 1, Total Miscellaneous 23, Total Other Expense 23, Professional Fees Accounting 7, Total Professional Fees 7, Total General & Administrative 31, General Membership/Exec Mtgs 1, Industry Appreciation Ind Appreciation Inkind Expense 35, Industry Appreciation 87, Total Industry Appreciation 122, Public Relations and Advertisin Airport Marketing 31, Direct Marketing 16, Inkind Advertising Expense 2, Marketing Firm 319, Public Relations/Social Media/ Website Enhancement & Solodev 26, Total Public Relations and Advertisin 396, Sponsorship New Press Market 5, Travel & Entertainment Total Expense 649, Net Ordinary Income -6, Other Income/Expense Other Income Interest Income Total Other Income Net Other Income ,

10 Horizon Foundation, Inc. 11:21 AM General Ledger 12/10/2015 As of November 30, 2015 Accrual Basis Type Date Num Name Memo Split Debit Credit Balance Bank of America - Checking 91, Bill Pmt -Check 11/13/ Priority Marketing of Southwest FL, Inc. Professional Services for October 2015 Accounts Payable 29, , Bill Pmt -Check 11/17/ Priority Marketing of Southwest FL, Inc. Accounts Payable 1, , Bill Pmt -Check 11/17/ LoopNet Location ID Accounts Payable , Deposit 11/24/2015 Deposit -SPLIT- 11, , Bill Pmt -Check 11/25/ Business Card Acct No Accounts Payable 3, , Deposit 11/30/2015 Deposit -SPLIT- 25, , Bill Pmt -Check 11/30/ Full Circle Productions Photo library Accounts Payable 7, , Total Bank of America - Checking 36, , , Wells Fargo Checking 140, Deposit 11/03/2015 Deposit Undeposited Funds 15, , Deposit 11/05/2015 Deposit Undeposited Funds 1, , Infographics for HCEX Annual Business Bill Pmt -Check 11/10/ Dave Anderson Meeting/Retreat Accounts Payable , Deposit 11/12/2015 Deposit Undeposited Funds 1, , Bill Pmt -Check 11/25/ CliftonLarsonAllen LLP Bookkeeping services Accounts Payable , Total Wells Fargo Checking 17, , , Wells Fargo Money Market 171, Total Wells Fargo Money Market 171, Accounts Receivable 42, Payment 11/02/ Wells Fargo Undeposited Funds 15, , Payment 11/05/ Ad-Ler Roofing Undeposited Funds 1, , Invoice 11/06/ Keiser University Contributions - Temp Restricted 2, , Invoice 11/10/ Realtor Association of Greater Fort Myers Contributions - Temp Restricted 7, , Invoice 11/10/ Chico's FAS, Inc Contributions - Temp Restricted 15, , Invoice 11/10/ Comcast Contributions - Temp Restricted 10, , Payment 11/10/ Chamber of Commerce of Cape Coral, Inc Undeposited Funds 1, , Invoice 11/10/ Lee Memorial Health System Contributions - Temp Restricted 15, , Invoice 11/10/ Regions Bank Contributions - Temp Restricted 2, , Invoice 11/10/ Regions Bank Contributions - Temp Restricted 2, , Invoice 11/10/ Regions Bank Contributions - Temp Restricted 2, , Invoice 11/10/ Regions Bank Contributions - Temp Restricted 2, , Invoice 11/16/ Florida Gulf Coast University Contributions - Temp Restricted 7, , Invoice 11/16/ Lee County Port Authority Contributions - Temp Restricted 2, , Invoice 11/16/ City of Fort Myers Contributions - Temp Restricted 7, ,

11 Type Date Num Name Memo Split Debit Credit Balance Invoice 11/16/ Industrial Development Authority Contributions - Temp Restricted 20, , Invoice 11/16/ CCIM Contributions - Temp Restricted , Invoice 11/17/ Gartner, Inc Contributions - Temp Restricted 7, , Invoice 11/17/ Florida SouthWestern State College Contributions - Temp Restricted 5, , Invoice 11/18/ Aubuchon Team of Companies Contributions - Temp Restricted 2, , Invoice 11/20/ Edison National Bank Contributions - Temp Restricted 5, , Invoice 11/20/ Henderson, Franklin, Starnes, & Holt, P.A Contributions - Temp Restricted 10, , Payment 11/23/ HONC Destruction Undeposited Funds 1, , Payment 11/23/ Regions Bank Undeposited Funds 2, , Payment 11/24/ Realtor Association of Greater Fort Myers Undeposited Funds 7, , Payment 11/30/ FP&L Undeposited Funds 7, , Payment 11/30/ Lee Memorial Health System Undeposited Funds 15, , Payment 11/30/ Aubuchon Team of Companies Undeposited Funds 2, , Total Accounts Receivable 128, , , IBERIABANK - CD (Mktg) , Total IBERIABANK - CD (Mktg) , IBERIABANK CD (Op) , Total IBERIABANK CD (Op) , Petty Cash General Journal 11/09/2015 ARF-14 Barbara Kelly HCEX Retreat Beverages Retreat Task Force & SpecialMtg Total Petty Cash Stonegate Bank - CD 55, Total Stonegate Bank - CD 55, Undeposited Funds 0.00 Payment 11/02/ Wells Fargo Accounts Receivable 15, , Deposit 11/03/ Wells Fargo Deposit Wells Fargo Checking 15, Payment 11/05/ Ad-Ler Roofing Accounts Receivable 1, , Deposit 11/05/ Ad-Ler Roofing Deposit Wells Fargo Checking 1, Payment 11/10/ Chamber of Commerce of Cape Coral, Inc Accounts Receivable 1, , Deposit 11/12/ Chamber of Commerce of Cape Coral, Inc Deposit Wells Fargo Checking 1, Payment 11/23/ Regions Bank Accounts Receivable 2, , Payment 11/23/ HONC Destruction Accounts Receivable 1, , Payment 11/24/ Realtor Association of Greater Fort Myers Accounts Receivable 7, , Deposit 11/24/ Regions Bank Deposit Bank of America - Checking 2, , Deposit 11/24/ HONC Destruction Deposit Bank of America - Checking 1, , Deposit 11/24/ Realtor Association of Greater Fort Myers Deposit Bank of America - Checking 7, Payment 11/30/ FP&L Accounts Receivable 7, , Payment 11/30/ Lee Memorial Health System Accounts Receivable 15, ,

12 Type Date Num Name Memo Split Debit Credit Balance Payment 11/30/ Aubuchon Team of Companies Accounts Receivable 2, , Deposit 11/30/ FP&L Deposit Bank of America - Checking 7, , Deposit 11/30/ Lee Memorial Health System Deposit Bank of America - Checking 15, , Deposit 11/30/ Aubuchon Team of Companies Deposit Bank of America - Checking 2, Total Undeposited Funds 53, , Fixed Assets 15, Accumulated Depreciation -16, Total Accumulated Depreciation -16, Furniture, Lobby 2, Total Furniture, Lobby 2, Office Furniture 30, Total Office Furniture 30, Total Fixed Assets 15, Accounts Payable 0.00 Bill 11/10/ Dave Anderson Infographics for HCEX Annual Business Meeting/Retreat Retreat Task Force & SpecialMtg Infographics for HCEX Annual Business Bill Pmt -Check 11/10/ Dave Anderson Meeting/Retreat Wells Fargo Checking Bill 11/13/ Priority Marketing of Southwest FL, Inc. Professional Services for October 2015 Marketing Firm 29, , Bill Pmt -Check 11/13/ Priority Marketing of Southwest FL, Inc. Professional Services for October 2015 Bank of America - Checking 29, Bill 11/17/ Priority Marketing of Southwest FL, Inc. Video Testimonial - Gartner Marketing Firm Bill 11/17/ Priority Marketing of Southwest FL, Inc. Constant Contact fees - reimbursable expenses Marketing Firm , Bill Pmt -Check 11/17/ Priority Marketing of Southwest FL, Inc. Bank of America - Checking 1, Bill 11/17/ LoopNet Location ID LoopNet Bill Pmt -Check 11/17/ LoopNet Location ID Bank of America - Checking Oct 17-Nov Bill 11/25/ , 2015 Business Card Acct No SPLIT- 3, , Bill Pmt -Check 11/25/ Business Card Acct No Bank of America - Checking 3, Bill 11/25/ CliftonLarsonAllen LLP Bookkeeping services Accounting Bill Pmt -Check 11/25/ CliftonLarsonAllen LLP Bookkeeping services Wells Fargo Checking Bill 11/30/ Full Circle Productions Photo library Photos/Videographer 7, , Bill Pmt -Check 11/30/ Full Circle Productions Photo library Bank of America - Checking 7, Total Accounts Payable 43, , Unrestricted Net Assets -807, Total Unrestricted Net Assets -807, Contributions Income -430, Contributions - Temp Restricted -15, Invoice 11/06/ Keiser University Investor Contribution for 2016 Accounts Receivable 2, , Invoice 11/10/ Realtor Association of Greater Fort Myers Investor Contribution for 2016 Accounts Receivable 7, , Invoice 11/10/ Chico's FAS, Inc Investors Contribution for 2016 Accounts Receivable 15, , Invoice 11/10/ Comcast Investor Contribution for 2016 Accounts Receivable 10, , Invoice 11/10/ Lee Memorial Health System Investors Contribution Accounts Receivable 15, ,

13 Type Date Num Name Memo Split Debit Credit Balance Invoice 11/10/ Regions Bank Investors Contribution for 2016 (Payment 2 of 4) Accounts Receivable 2, , Invoice 11/10/ Regions Bank Investors Contribution for 2016 (1 of 4) Accounts Receivable 2, , Invoice 11/10/ Regions Bank Investors Contribution for 2016 (Payment 3 of 4) Accounts Receivable 2, , Invoice 11/10/ Regions Bank Investors Contribution for 2016 (payment 4 of 4) Accounts Receivable 2, , Invoice 11/16/ Florida Gulf Coast University 2016 Investor Contribution Accounts Receivable 7, , Invoice 11/16/ Lee County Port Authority 2016 Investors Contribution Accounts Receivable 2, , Invoice 11/16/ City of Fort Myers 2016 Investors Contribution Accounts Receivable 7, , Invoice 11/16/ Industrial Development Authority 2016 Investor Contribution Accounts Receivable 20, , Invoice 11/16/ CCIM 2016 Investor Contribution Accounts Receivable , Invoice 11/17/ Gartner, Inc 2016 Investors Contribution Accounts Receivable 7, , Invoice 11/17/ Florida SouthWestern State College 2016 Investor Contribution Accounts Receivable 5, , Invoice 11/18/ Aubuchon Team of Companies 2016 Investor Contribution Accounts Receivable 2, , Invoice 11/20/ Edison National Bank 2016 Investor Contribution Accounts Receivable 5, , Invoice 11/20/ Henderson, Franklin, Starnes, & Holt, P.A 2016 Investors Contribution Accounts Receivable 10, , Total Contributions - Temp Restricted , , Restricted 0.00 General Journal 11/03/2015 SEB-12 Wells Fargo WellsFargo 2015 Contribution/Comm Corridor Revitalization Contributions Income 15, , Total Restricted , , Contributions Income - Other -415, General Journal 11/03/2015 SEB-12 Wells Fargo WellsFargo 2015 Contribution/Comm Corridor Revitalization Restricted 15, , Total Contributions Income - Other 15, , Total Contributions Income 15, , , IDA Marketing Contribution -25, Total IDA Marketing Contribution -25, In-Kind Contributions -43, Investor InKind Contributions -43, Total Investor InKind Contributions -43, Total In-Kind Contributions -43, Special Events - Income -15, Events - Ticket Sales -15, Annual Meeting -11, Total Annual Meeting -11, Industry Appreciation -4, Total Industry Appreciation -4, Total Events - Ticket Sales -15, Total Special Events - Income -15, Business Development 28, Business Database Directories 1, Bill 11/25/2015 Oct 17-Nov 16, 2015 Business Card online monthly subscriptions to website maintenance Accounts Payable , Total Business Database Directories , Collateral Materials 7, Total Collateral Materials 7,

14 Type Date Num Name Memo Split Debit Credit Balance EFI Partnership 10, Total EFI Partnership 10, Professional Memberships 1, Total Professional Memberships 1, Program Development Total Program Development Site Consultant Familiarization 6, Bill 11/25/2015 Oct 17-Nov 16, 2015 Business Card Tour of German Journalists Accounts Payable 2, , Total Site Consultant Familiarization 2, , Total Business Development 2, , Contribution - SWFEDA 20, Total Contribution - SWFEDA 20, Event Cost 36, Annual Meeting 14, Total Annual Meeting 14, Annual Meeting Inkind Expense 5, Total Annual Meeting Inkind Expense 5, Healthcare TF Wellness Event 4, Total Healthcare TF Wellness Event 4, Horizon Day at the Stadium 1, Total Horizon Day at the Stadium 1, Paypal - Fees Total Paypal - Fees Pres.Circle Sponsorships 9, Total Pres.Circle Sponsorships 9, Retreat Task Force & SpecialMtg 0.00 General Journal 11/09/2015 ARF-14 Barbara Kelly HCEX Retreat Beverages Petty Cash Bill 11/10/ Dave Anderson Infographics for HCEX Annual Business Meeting/Retreat Accounts Payable Bill 11/25/2015 Oct 17-Nov 16, 2015 Business Card HC Annual Business Meeting & guest speakers Accounts Payable , Total Retreat Task Force & SpecialMtg 1, , Total Event Cost 1, , FGCU/HC Quarterly Bus. Survey 4, Total FGCU/HC Quarterly Bus. Survey 4, General & Administrative 23, Other Expense 16, Bank Service Charges Total Bank Service Charges Miscellaneous 15, LoopNet 4, Bill 11/17/ LoopNet Online commercial real estate listing service Accounts Payable , Total LoopNet , Photos/Videographer 5, Bill 11/30/ Full Circle Productions photo library Accounts Payable 7, , Total Photos/Videographer 7, ,

15 Type Date Num Name Memo Split Debit Credit Balance SizeUp 4, Total SizeUp 4, Miscellaneous - Other 1, Total Miscellaneous - Other 1, Total Miscellaneous 7, , Total Other Expense 7, , Professional Fees 7, Accounting 7, Bill 11/25/ CliftonLarsonAllen LLP Bookkeeping services Accounts Payable , Total Accounting , Total Professional Fees , Total General & Administrative 8, , General Membership/Exec Mtgs 1, Total General Membership/Exec Mtgs 1, Industry Appreciation 122, Ind Appreciation Inkind Expense 35, Total Ind Appreciation Inkind Expense 35, Industry Appreciation 87, Total Industry Appreciation 87, Total Industry Appreciation 122, Public Relations and Advertisin 365, Airport Marketing 31, Total Airport Marketing 31, Direct Marketing 16, Total Direct Marketing 16, Inkind Advertising Expense 2, Total Inkind Advertising Expense 2, Marketing Firm 288, Bill 11/13/ Priority Marketing of Southwest FL, Inc. October 2015 Accounts Payable 29, , Bill 11/17/ Priority Marketing of Southwest FL, Inc. post production/editing Gartner video testimonial Accounts Payable , Bill 11/17/ Priority Marketing of Southwest FL, Inc. Constant Contact fees - reimbursable expenses Accounts Payable , Total Marketing Firm 30, , Public Relations/Social Media/ Total Public Relations/Social Media/ Website Enhancement & Solodev 26, Total Website Enhancement & Solodev 26, Total Public Relations and Advertisin 30, , Sponsorship New Press Market 5, Total Sponsorship New Press Market 5, Travel & Entertainment Interest Income Total Interest Income TOTAL 336, ,

16 Horizon Foundation, Inc. REVISED 2016 Consolidated Budget Beginning Balance $509,287 * Revenue & Support Investor Contributions $410,000 Inkind Contributions $40,000 IDA Contribution $150,000 Young Professionals $10,000 Events - Ticket Sales Annual Meeting $10,000 Industry Appreciation $5,000 Total Events - Ticket Sales $15,000 Total Revenue $625,000 Total Available Fund Balance $1,134,287 Expenses Inkind Expenses $40,000 Business Development Collateral Materials $9,500 Business Databases $7,500 Professional Memberships $2,500 Fundraising Expense $700 Miscellaneous/Printing Production $2,000 LEARN $5,000 Commercial Corridor Revitalization $15,000 BRE Events $10,000 Familiarization Tours $30,000 EFI Partnership $25,000 $107,200 Marketing and Public Relations Airport Marketing $44,250 Advertising $20,000 Pay Per Click PC Campaign $20,000 Local/Regional Marketing $120,000 National/International Marketing $160,685 Photos/Videographer $10,000 Website $30,000 LoopNet $6,000 SizeUp $5,000 DNB/Hoovers $9,100 Total Public Relations Expenses $425,035 Events Annual Meeting $20,000 Industry Appreciation $125,000 Horizon Day at the Stadium $2,000 General Membership/Executive Committee Meetings $5,000 Presidents Circle Sponsorships $15,000 Special Meetings $7,500 Paypal - Fees $500 Total Event Costs $175,000 Sponsorships SWFLEDA $10,000 Wellness Summit $5,000 Young Professionals $10,000 Total Sponsorships $25,000 Other Foundation Publications & Materials $5,000 FGCU/Horizon Council Quarterly Business Survey $6,750 Miscellaneous $8,000 Postage and Mailing Lists $5,000 $24,750 Professional Fees Accounting $9,000 Legal Fees $1,000 Total Professional Fees $10,000 Total Expenses $806,985 Net Revenue Less Expenses ($181,985) Ending Fund Balance (Reserve) $327,302 * Projected Beginning Balance as of 10/23/15 16

17 Development Councellors International 215 Park Avenue South 10th Floor New York, NY (212) Lee County Economic Development Office 2201 Second Street Suite 500 Fort Myers, FL Attn: Amy McQuagge Invoice #: Invoice Date: Job Number: Terms: /31/ %0/NET10 Job Name: Lee County December 2015 Fees DESCRIPTION AMOUNT COMMUNICATION EXPENSE PROFESSIONAL FEE 13, TRAVEL EXPENSES - PRESS TRIP 1, TOTAL DUE THIS INVOICE: $14, Wire Information: Development Counsellors International Citibank, N.A. 1 Park Ave. New York, NY Account # Routing # Swift CITIUS33 17

18 Priority Marketing of Southwest Florida, Inc College Parkway; Suite 201 Fort Myers, FL Tel: Fax: Date Invoice # Bill To Horizon Foundation C/O Economic Development Office Amy McQuagge 2201 Second St. #500 Fort Myers, FL Description Project Invoice 11/30/15 Amount PROFESSIONAL SERVICES: - Professional Marketing Services as contracted including Website: Priority - December , REIMBURSABLE EXPENSES: Monthly Communication Expense - PM Lee Horizon Council Thank You Inserts for Norman Love Chocolates Facebook Ads - November Prospect Path - November INVOICE DUE UPON RECEIPT Sales Tax (6.0%) $0.00 Client shall pay interest at an annual rate of 18% (1.5% per month) on unpaid invoices after 30 days. Please make check payable to Priority Marketing of Southwest Florida, Inc. EIN # Total $13,

19 January 8, 2016 Immediately Following Horizon Foundation Meeting I. CALL TO ORDER Dr. Larry Antonucci, Chair II. III. APPROVAL OF MINUTES Approval of the November 20, 2015 Minutes OLD BUSINESS Commercial Corridor Revitalization Steering Committee (CCRSC) Update IV. NEW BUSINESS Approval of the 2016 Horizon Council logo At-Large Member Requests Tom Mueller of Covanta Energy Errol Howard of Wells Fargo Dennie Hamilton of Lee County Electric Cooperative V. DIRECTOR S REPORT VI. ADJOURN Next Meeting: Friday, February 5, :00 a.m. Lee County Economic Development Office 2201 Second Street, Conference Room 118, 1 st Floor Fort Myers, FL

20 HORIZON COUNCIL GENERAL MEMBERSHIP MEETING MINUTES November 6, 2015 I. CALL TO ORDER Chair, Mr. Noah called the meeting to order at 8:18 a.m. II. III. APPROVAL OF THE MINUTES A motion to approve the minutes of the October 2, 2015 meeting made by Mr. Spiro, seconded by Mr. Quaintance, and unanimously carried. NEW BUSINESS Secretary Candidate The Council discussed a motion to elect Dan Eveloff as the new Secretary. o A motion to nominate and offer the position to Dan Eveloff as the new Secretary was made by Mr. Schropp, seconded by Mr. Henderson, and unanimously carried. At-Large Applications o A discussion was held in reference to at-large applications. A motion to approve Bev Larson s application was made by Mr. Henderson, seconded by Mr. Schropp, and unanimously carried. A motion to approve Charlotte Miller s application made by Mr.Griffin, seconded by Mr. Schropp, and unanimously carried. A motion to approve Tom Mueller s application contingent upon staff review of potential conflict analysis made by Mr. Spiro, seconded by Mr. Goss, and unanimously carried. A motion to approve Gary Gardner s application made by Mr. Henderson was tabled Calendar o Amy McQuagge advised the Council that next year s Industry Appreciation Luncheon has been moved to August 25 th at Hyatt Regency Coconut Point. Ms. McQuagge added that next year s monthly meeting locations will vary due to renovations at Harborside Event Center. Notifications regarding meeting locations will be sent out before each consecutive meeting. o Glen Salyer proposed changing the June Horizon Foundation Investor Update from an evening event to a morning meeting with a recognized speaker. He also discussed alternating General Membership meetings and Executive meetings in 2017 in order to bring key speakers consistently. At the end of each executive 20

21 meeting, a discussion will be held to decide if the next month s meeting is necessary. A motion was made by Mr. Spiro to approve the 2016 calendar, seconded by Mr. Schropp, and unanimously carried. Year-to-Date Review o A presentation was given by the Economic Development Office to showcase the accomplishments and marketing efforts made in 2014/2015. Horizon Council Strategic Plan Review o Mr. Hamilton reviewed the previous primary objectives for the Horizon Council. After some discussion, it was decided that the objectives would remain the same Task Forces o The Council decided to continue with the Business Issues, Healthcare, and Outreach Task Forces, and sunset the Workforce Task Force. o Dan Eveloff shared a presentation proposing that the Commercial Corridor become a task force. The committee decided to revisit the proposal at a later date. ADJOURN With no further business, the meeting adjourned at 11:42 a.m. 21

22 22 Spiro & Associates HORIZON COUNCIL 25TH ANNIVERSARY Logo Presentation

23 23 Spiro & Associates HORIZON COUNCIL 25TH ANNIVERSARY Logo Presentation

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26 Business Community At-large Representative Application for 2016 Each year the Horizon Council Executive Committee selects members of the business community to serve on the Horizon Council as At-large Representatives for a one-year term. Please complete the following information. (Please print or type) Name: _Errol L. Howard Company: Wells Fargo Bank Mailing Address: 1530 Heitman Street 3 rd Floor Fort Myers, Florida Business Phone: Fax: Cell. Phone: errol.howard@wellsfargo.com Please attach a current copy of your bio and photo. Please outline why you wish to be an At-large member of the Horizon Council The Horizon Council is all about economic development, prosperity, and stable communities in SW Florida and more specifically Lee County. As a representative of Wells Fargo, this vision for the region aligns with our Vision and Values which states There has never been a thriving bank in a struggling community Therefore, I would like to be a part of and contribute in anyway possible as we strive to remain competitive, attract new and retain existing business in order to keep our communities viable into the foreseeable future. Signed: Date: Return to: Questions: Horizon Council Executive Committee c/o B. Pat O Rourke Economic Development Office of Lee County 2201 Second Street, Ste. 500, Fort Myers, FL Phone : ; Fax: bporourke@leegov.com 26

27 Errol Howard Current functional title/role: Business Banking Manager SW Florida Corporate title: SVP Years with company: Twenty Four (24) years Total years of experience: Thirty One (31) years Previous positions with the company: Financial Consultant/Relationship Manager/Market President Previous positions outside the company: Branch Manager Current community activity/involvement (including positions): The Greater Naples Chamber of Commerce (Board Member); Opportunity Naples Committee Member; Wells Fargo Reading First program via Collier County Schools; Habitat For Humanity (volunteer) and American Heart Walk (volunteer). Education/certifications: Graduate of University of Tampa: BS Business Management and Economics. 27