OCBSA Executive Summary For the three months ended March 31, 2017 OPERATIONS (FUND I) CAPITAL (FUND II) ENDOWMENT (FUND III) TOTAL Actual Last Yr. Actual Last Yr. Actual Last Yr. Actual Last Yr. FOS $ 837,057 $ 612,494 $ 606,431 A $ - $ - $ - $ - $ - $ - $ 837,057 $ 612,494 $ 606,431 Legacies & Bequests 250,000 275,000 250,000 - - - - - - 250,000 275,000 250,000 Other Direct Support 30,503 19,349 16,800 250,003 102,912 69,267 - - - 280,506 122,261 86,067 Supplies 47,000 34,993 37,304 - - - - - - 47,000 34,993 37,304 Investment 75,664 71,884 81,009-154,593 2 6,500 228,876 65,517 82,164 455,353 146,528 Other 155,044 126,911 95,487 - - - - - - 155,044 126,911 95,487 Sea Base 136,300 185,190 124,092 B - - - - - - 136,300 185,190 124,092 Lost Valley 17,000 11,005 10,540 - - - - - - 17,000 11,005 10,540 OSO 19,600 31,930 17,614 - - - - - - 19,600 31,930 17,614 OEC 708,656 664,646 719,568 - - - - - - 708,656 664,646 719,568 Total Revenue 2,276,824 2,033,402 1,958,845 250,003 257,505 69,269 6,500 228,876 65,517 2,533,327 2,519,783 2,093,631 Compensation 1,294,537 1,241,786 1,173,358 - - - - - - 1,294,537 1,241,786 1,173,358 Interest Expense - 263-36,249 40,096 37,439 - - - Depreciation - - - 298,000 289,870 298,142 - - - Transfers to fund 2 - - - - - - - 154,593 Other Exp 862,661 847,785 799,998 75,675 52,730 158 24,115 21,038 15,910 962,451 921,553 816,066 Total Expenses 2,157,198 2,089,834 1,973,356 409,924 382,696 335,739 24,115 175,631 15,910 2,256,988 2,163,339 1,989,424 Inc/(Dec) in Unrestricted Net Assets $ 119,626 $ (56,432) $ (14,511) $ (159,921) $ (125,191) $ (266,470) $ (17,615) $ 53,245 $ 49,607 $ 276,339 $ 356,444 $ 104,207 Actual Last Yr. Actual Last Yr. Actual Last Yr. Actual Last Yr. Cash & cash equivalents $ 1,214,293 $ 537,334 $ (345,415) $ (90,042) $ 179,988 $ 160,417 $ 1,048,866 $ 607,709 Investment Balances $ 11,349,379 $ 11,501,141 $ 11,349,379 $ 11,501,141 Sea Base Lost Valley OSO OEC TOTAL Inc/(Dec) in Unrestricted Net Assets $ (7,755) $ (38,677) $ (9,277) $ 148,409 $ 92,700 Issues to Discuss Current Year: A. FOS B. Includes Cal Boating Grant receivable of $32,860 which is also an expense in maintenance line I Inc/(Dec) II Inc/(Dec) III Inc/(Dec) Cashflow Effect Inc/(Dec) $ (224,563) $ - $ - $ (224,563) $ - $ - $ - $ - 2017 Total $ (224,563) $ - $ - $ (224,563) Issues to Discuss Future Years: I Inc/(Dec) II Inc/(Dec) III Inc/(Dec) Cashflow Effect Inc/(Dec) 2018 Total $ - $ - $ - $ -
Orange County Council - # 039 Boy Scouts of America Statement of Financial Position Period Ending: March 31, 2017 Operating Fund Capital Fund Endowment Fund Total of All Funds 2017 2016 2017 2016 2017 2016 2017 2016 Current Assets Cash 1,214,293 537,334-293,884-90,042 179,988 160,417 1,100,397 607,709 Accounts and Notes Receivable 226,168 119,344 74,698 100,948 300,866 220,292 Contributions Receivable 195,925 277,788 587,909 598,417 5,000 5,800 788,834 882,005 Inventory 67,968 59,861 67,968 59,861 Interfund Loans 186,801 495,322 17,412-558,082-204,214 62,760 Deferred Activity Expense 502,282 26,164 502,282 26,164 Deferred Camp Expense 24,037 24,867 24,037 24,867 Deferred Special Event Expense 2,908 5,894 2,908 5,894 Prepaid Expenses 17,350 15,306 17,350 15,306 Total Current Assets 2,437,734 1,561,879 311,437-49,707 55,471 329,925 2,804,642 1,842,097 Non Current Assets Contributions Receivable 142,617 179,421 4,930,073 5,222,377 4,744 5,072,690 5,406,543 Unallocated Asset Acquisition 1,320 10,373 1,320 10,373 Land, Buildings and Equipment 40,470,557 41,601,359 40,470,557 41,601,359 Long Term Investments 100 11,349,379 11,501,141 11,349,379 11,501,241 Other Non Current Assets 25,039 30,877 6,622 15,454 38,338 42,330 69,999 88,661 Total Non-Current Assets 167,656 210,299 45,408,571 46,849,663 11,387,717 11,548,215 56,963,944 58,608,177 TOTAL ASSETS 2,605,389 1,772,178 45,720,008 46,799,956 11,443,189 11,878,140 59,768,586 60,450,274 Current Liabilities Accounts Payable 128,140 109,550 94 128,140 109,644 Accrued Expenses 207,999 192,245 207,999 192,245 Taxes and Benefits Withheld 313 939 313 939 Custodial Accounts 472,130 544,368 32,191 32,191 33,104 33,104 537,425 609,663 Notes & Mortgage Payable 562,719 439,125 562,719 439,125 Deferred Activity Revenue 778,591 157,355 778,591 157,355 Deferred Camp Revenue 308,519 278,616 308,519 278,616 Deferred Special Event Revenue 84,395 79,850 84,395 79,850 Other Deferred Revenue -8,536-179 -8,536-179 Other Current Liabilities 172 352 172 352 Total Current Liabilities 1,971,724 1,363,096 594,910 471,316 33,104 33,198 2,599,738 1,867,609 Non Current Liabilities Long Term Indebtedness 8,027,254 8,622,583 8,027,254 8,622,583 Other Non Current Liabilities Total Non-Current Liabilities 8,027,254 8,622,583 8,027,254 8,622,583 TOTAL LIABILITIES 1,971,724 1,363,096 8,622,165 9,093,898 33,104 33,198 10,626,992 10,490,192 Net Assets Unrestricted Net Assets 316,156 48,936 32,847,493 33,404,102 10,313,527 10,770,582 43,477,176 44,223,620 Temporarily Restricted Net Assets 317,510 360,147 50,351 101,956 68,829 72,823 436,690 534,925 Permanently Restricted Net Assets 4,200,000 4,200,000 1,027,729 1,001,536 5,227,729 5,201,536 Total Net Assets 633,665 409,082 37,097,844 37,706,058 11,410,085 11,844,942 49,141,594 49,960,082 TOTAL LIABILITIES AND NET ASSETS 2,605,389 1,772,178 45,720,008 46,799,956 11,443,189 11,878,140 59,768,586 60,450,274 4/27/2017-9:17 AM Page1
3.31.17 Newport Sea Base Schoepe Scout Reservation Oso Lake The Irvine Ranch Outdoor Education Center All Properties Support and Direct Support Net Friends of Scouting - - - 500 - - - - - - - - - - - - - 500 Project Sales - - - - - - - - - - - - - - - - - - Special Events - Gross - - - 65,000 - - - - - - - - - - - - - 65,000 Less Cost of Direct Benefit - - - (8,000) - - - - - - - - - - - - - (8,000) Net Special Events - - - 57,000 - - - - - - - - - - - - - 57,000 Foundations and Trusts - - 1,550 5,000 - - - - - - - - - - 1,550 5,000 Other Direct Support 3,376 1,000 8,117 68,500-1,500 - - - - 20,000 5,000 1,200-20,000 8,376 3,700 8,117 108,500 Total Direct Support 3,376 1,000 9,667 131,000-1,500 - - - - - 20,000 5,000 1,200-20,000 8,376 3,700 9,667 171,000 Indirect Support Other Indirect - - - - - - - - - - - - - - - - Fees From Government Agencies - 32,860 - - - - - - - - - - - 32,860 - - Total Indirect Support - 32,860 - - - - - - - - - - - - 32,860 - - Revenue Camp Revenues 101,600 114,682 82,515 548,100 17,000 9,050 10,205 602,350 17,000 29,845 16,949 90,000 667,406 617,445 628,748 2,779,978 803,006 771,022 738,417 4,020,428 Camp Trading Post Sales 249-139 1,000 - - - 50,000 2,000 248-8,000 1,150 507 253 16,000 3,399 755 392 75,000 Camp TP COGS - - - - - - - (25,000) (600) (98) - (3,600) (1,500) - - (7,000) (2,100) (98) - (35,600) Camping Revenue 101,849 114,682 82,654 549,100 17,000 9,050 10,205 627,350 18,400 29,995 16,949 94,400 667,056 617,952 629,001 2,788,978 804,305 771,679 738,809 4,059,828 Activity Revenue - - - - - - - - 735 (135) - 33,000 30,758 25,743 228,000 33,000 31,493 25,608 228,000 Other Revenue 30,700 34,900 30,830 101,800-455 335-1,200 1,200 800 4,800 3,600 11,314 64,824 20,000 35,500 47,869 96,789 126,600 Total Revenue 132,549 149,582 113,484 650,900 17,000 9,505 10,540 627,350 19,600 31,930 17,614 99,200 703,656 660,024 719,568 3,036,978 872,805 851,041 861,206 4,414,428 Net Assets Released From Restriction 375 1,748 941 1,500 - - - - - - - 3,422 - - 375 5,170 941 1,500 Total Support and Revenue 136,300 185,190 124,092 783,400 17,000 11,005 10,540 627,350 19,600 31,930 17,614 119,200 708,656 664,646 719,568 3,056,978 881,556 892,771 871,814 4,586,928 Expenses Employee Compensation Salaries 66,728 64,958 56,151 376,474 18,157 18,041 9,579 209,528 10,431 9,259 6,157 41,720 239,045 239,439 259,871 1,164,179 334,361 331,697 331,758 1,791,901 Employee Benefits 10,194 8,989 9,451 40,766 4,551 4,506 2,655 18,189 2,258 3,946 339 9,018 16,167 16,511 7,504 64,658 33,170 33,952 19,949 132,631 Payroll Taxes 12,546 10,674 9,112 50,197 1,914 2,490 1,133 31,451 1,095 1,264-4,380 38,127 34,307 32,757 152,505 53,682 48,735 43,002 238,533 Employee Related Expenses - - - - - - - - - - - - - - 793 - - - 793 - Total Employee Compensation 89,468 84,621 74,714 467,437 24,622 25,037 13,367 259,168 13,784 14,469 6,496 55,118 293,339 290,257 300,925 1,381,342 421,213 414,384 395,502 2,163,065 Other Expenses Professional Fees 201 3,135 560 3,500-62 - 6,000-78 700 3,900 935 2,690 9,000 4,101 4,210 3,250 19,200 Supplies 7,186 9,018 5,884 47,700 3,050 1,911 2,842 132,900 4,625 1,708 2,434 17,680 101,350 87,108 123,411 431,000 116,211 99,745 134,571 629,280 Telephone 2,499 3,317 2,947 10,000 1,020 1,075 1,597 4,080 225 234 103 900 5,250 3,517 5,865 21,000 8,994 8,143 10,512 35,980 Postage and Shipping 375 3-1,900-500 - 300 48 1-30 - 8 100 405 551 9 2,300 Occupancy 15,923 12,153 13,579 88,690 23,550 21,186 21,708 126,650 19,700 22,979 15,727 69,900 87,267 82,555 81,876 384,000 146,440 138,873 132,890 669,240 Rental & Maintenance of Equip. 16,201 57,635 16,321 55,100 1,500 1,884 1,811 11,500-533 - - 19,806 19,274 20,382 62,220 37,507 79,326 38,514 128,820 Printing and Publication 1,484 34 3 9,600 150 17 75 800 1,150 79 60 1,600 5,100 5,909 116 7,500 7,884 6,039 254 19,500 Travel 10,141 5,506 8,943 34,150 11,867 9,285 7,483 38,725 750 768 315 3,000 11,530 9,513 12,471 33,720 34,288 25,072 29,212 109,595 Conferences & Meetings 1,275 843 3,842 5,950 - - - 8,500 150 - - 600 3,000 1,388 1,465 6,000 4,425 2,231 5,307 21,050 Recognition Awards 525 (187) 11 2,100-110 - 4,800 300 709 1,053 1,200 100 255 50 500 925 887 1,114 8,600 Insurance - - 1,203 - - - - - - - 702 - - - 17,496 - - - 19,401 - Other Expense 3,999 3,247 3,840 17,100 789-333 4,950 - - - - 5,901 2,091 4,404 30,750 10,689 5,338 8,577 52,800 Total Other Expenses 59,809 94,704 57,133 275,790 41,926 36,030 35,849 339,205 26,900 27,136 20,395 95,580 243,234 212,545 270,234 985,790 371,869 370,415 383,611 1,696,365 Total Expenses 149,277 179,325 131,847 743,227 66,548 61,067 49,216 598,373 40,684 41,605 26,891 150,698 536,573 502,802 571,159 2,367,132 793,082 784,799 779,113 3,859,430 Inc (Dec) in Unrestricted Net Assets (12,977) 5,865 (7,755) 40,173 (49,548) (50,062) (38,677) 28,977 (21,084) (9,675) (9,277) (31,498) 172,083 161,844 148,409 689,846 88,474 107,972 92,700 727,498
Orange County Council Endowment Rollforward March 31, 2017 2014 2015 2016 2017 Beginning Balance $ 11,812,619 $ 12,069,206 $ 11,495,123 $ 11,270,285 Contributions 165,184 15,360 35,228 - Market Changes: Realized/Unrealized (4,796) (393,600) 214,723 228,632 Earnings: interest/dividends 563,088 513,851 452,994 73,703 Fees (52,560) (58,361) (57,109) (14,788) Fund 1 Distributions (410,467) (645,702) (308,179) - Fund 2 Distributions - - (558,081) (206,123) Custodial Distributions (3,862) (5,631) (4,414) (2,330) Ending Balance $ 12,069,206 $ 11,495,123 $ 11,270,285 $ 11,349,379 Interest payable to fund 1 $ - $ (83,073) $ (133,146) $ (204,214)
Orange County Council, Inc. PROPOSED CAPITAL EXPENSE LIST Updated 4/25/17 Capital Item / Project Name Property Priority Level Estimated Cost Possible Years of Use Number Needed Funding Source / Prospect Access Control/Burglar Alarm Council Service Center A $4,000.00 5 1 $4,000.00 Ordering software upgrade Roofing (Title 24) Council Service Center A $115,000.00 20 1 $115,000.00 Need new bids Arizona Creek Crossing Repair IROEC A $7,500.00 3-5 1 OL Halsell $7,500.00 Need to re-do post Jan '17 rains Backflow IROEC A $5,500.00 5-10 1 $5,500.00 Need 1 more bid Sign Replacements IROEC A $5,000.00 5-7 1 $5,000.00 Waiting on final product Sink Hole Project IROEC A Unknown 15-20 1 Need to get quotes / in-process Backhoe Lost Valley A $50,000.00 15-20 1 $50,000.00 Debating options (buy, rent or lease) Tom Tabb Trading Post Roof Replacement Lost Valley A Need bid Grace Cabin Roof Replacements Lost Valley A $835.00 10 11 $10,000.00 Grace Showerhouse & Pool Updates Lost Valley A $80,000.00 10 1 $80,000.00 Awaiting funding proposal approval from foundation Canvas Tent Replacements Lost Valley A $800.00 5-7 24 $19,200.00 Ordered. Tents to arrive 3/16/17. Building C Roof Repairs Newport Sea Base A $25,000.00 Aquiring bids, need 1 more. Apprentice Ship Repairs Newport Sea Base A $8,000.00 5-7 1 $8,000.00 Repairs complete. Awaiting invoice. Gangway Repairs Newport Sea Base A $14,000.00 5-7 1 $14,000.00 Work to start 4/17/17 subtotal: $318,200.00 Slurry Seal and Stripe Parking Lot Council Service Center B $8,963.00 5 1 Champion/Smith $8,963.00 Weingart carpeting/elevator carpeting Council Service Center B 5 Need quotes HVAC controls Council Service Center B Need quotes Air Conditioning Unit (Kitchen) / Fans IROEC B $14,000.00 10-15 1 Donation $14,000.00 Donation by C&L Refrigeration. Work to commence 4/26/17. Fence at Exec Director House IROEC A $7,500.00 15-20 1 $0.00 Project Completed, $7.3k Auto-Belay Units IROEC B $2,100.00 5-7 4 units OL Halswell $0.00 Use OL Halswell funding, $8k Gators IROEC B $7,500.00 5-7 2 carts OL Halswell $0.00 Complete; $18k Golf Cart (Touring) IROEC B $12,000.00 5 1 $12,000.00 Current value of old cart is approx $2150. Will sell it off. Carpet - Trading Post IROEC B $7,000.00 5-7 1 $7,000.00 New bids needed Round Tables / Harrison Lodge IROEC B $400.00 5-7 26 $10,400.00 Need updated bid (last bid from Fall 2016) Re-Key IROEC IROEC B $3,000.00 5-7 1 $3,000.00 Have vendor selected, awaiting approval to spend. Anchor Poles (COPE) IROEC B $1,500.00 350 2 $3,000.00 Asphalt Slurry Seal IROEC B $15,988.00 5-7 1 Champion/Smith $15,988.00 Harrison Lodge Floor Resurface IROEC B $20,000.00 5-7 1 $20,000.00 Deciding final product. Bungalow Furniture IROEC B $6,000.00 5 1 $6,000.00 Need Bids Truck (4x4) Lost Valley B $30,000.00 7-10 $30,000.00 Irvine Pool & Showerhouse Updates Lost Valley B $5,000.00 5-10 $5,000.00 Irvine Cabin Roof Replacements Lost Valley B $835.00 10 11 $10,000.00 Beckman Hall Ice Machine Lost Valley B Need quote Truck Oso Lake B $18,000.00 7-10 1 $18,000.00 Slip Dredging Newport Sea Base B $100,000.00 25 1 TBD $100,000.00 Initial quote, may be much higher Washroom for Maintenance Shop Newport Sea Base B $25,000.00 30 1 $25,000.00 Have 1 bid Interior Paint (Building B) Newport Sea Base B $12,500.00 10 1 Paint donation $12,500.00 Cosmetic Updates - Yacht Room (Building B) Newport Sea Base B $18,000.00 8-10 1 David Janes Fund $18,000.00 Aquiring bids Flooring - Foxtrot Room (Building B) Newport Sea Base B $7,000.00 8-10 1 t-90 $7,000.00 Slurry Seal and Stripe Parking Lot Newport Sea Base B $5,000.00 5 1 $5,000.00 Tables and chairs Newport Sea Base B $10,000.00 10 $10,000.00 Truck Newport Sea Base B $30,000.00 20 1 $30,000.00 HVAC Building C Newport Sea Base B $5,000.00 20 1 Donation $0.00 Donation by C&L Refrigeration $5k subtotal: $370,851.00 Commercial Fans - Beckman Hall Lost Valley C $8,000.00 10 1 $8,000.00 Fishing Shed Oso Lake C $5,000.00 10 1 Oso Founders $5,000.00 Cowboy Action Shooting Range Lost Valley C $10,000.00 10 1 OA Wiatava $10,000.00 Work to be done May-June 2017 Painting Council Service Center C $25,400.00 10 1 $25,400.00 subtotal: $48,400.00 Priority Level Description A - Critical and immediate need. Failure to move forward with improvement could be costly in terms of further damage, regulatory fines, and/or breach of contract. A* - Project to be paid from custodial funds of OSO Founders. B - Considered important to the council's operations by keeping property clean and servicable to further revenue generation. C - Ensure property is well maintained and up-to-date. Total Cost Grand Total: $737,451.00 Status