ColumbiaAssociation. ReportMARCH

ColumbiaAssociation FinancialQuarter ended on January 31, 2015 ReportMARCH 2015

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... 10 Aquatics Summary... 12 Outdoor Pools... 14 Swim Center... 16 Member Advantage... 18 Fitness Clubs Summary... 20 Athletic Club... 22 The Columbia Gym... 24 The Supreme Sports Club... 26 Haven On The Lake... 28 Golf Club Summary... 30 Fairway Hill Golf Club... 32 Hobbit s Glen Golf Club... 34 Horse Center... 36 Ice Rink... 38 Indoor/Outdoor Tennis Clubs... 40 SkatePark/SportsPark Summary... 42 SkatePark... 44 SportsPark... 46 Community Services Division Community Services Division Summary... 48 Community Services Administration... 50 Art Center... 52 General Note: Because dollars are rounded to the nearest thousand, small rounding differences may occur.

Columbia Association Table of Contents Assessment Share Community Associations... 54 Columbia Archives... 56 Family Life Center Building Lease... 58 Grants City Wide... 60 Lakefront Festival... 62 International Exchange and Multi-Cultural Program... 64 Youth Services Summary... 66 Camps... 68 School Age Services... 70 Youth and Teen Center at the Barn... 72 Sales and Marketing Division Sales and Marketing Division Summary... 74 Production/Welcome Center... 76 Membership Income/Sales... 78 Membership Allocation... 80 Community Building & Open Space Service Bureau Community Building & Open Space Service Bureau Summary... 81 Community Building Division Community Building Division Summary... 83 Community Building Administration... 85 Landscape Services... 87 Capital Improvements... 89 Watershed Management... 91 Community Planning... 93 Open Space Management Division Open Space Management Division Summary... 95 Open Space Management Administration... 97 General Note: Because dollars are rounded to the nearest thousand, small rounding differences may occur.

Columbia Association Table of Contents Land Maintenance... 99 RV Park... 101 Lake Elkhorn Pavilion... 103 Revitalization Service Bureau Revitalization Service Bureau Summary... 104 Construction Management... 106 Volunteer Center... 108 Columbia Community Exchange... 110 Community Engagement Service Bureau Community Engagement... 113 Assurance Service Bureau Assurance Service Bureau Summary... 114 President s Office... 116 General Counsel... 118 Internal Audit... 120 Human Resources Group... 122 Human Resources... 124 Information Technology... 126 Training and Organizational Development... 128 Finance Service Bureau Finance Service Bureau Summary... 129 Accounting/Payroll/Purchasing... 131 Annual Charge... 133 Board of Directors... 136 Capital... 137 Other Reports... 156 General Note: Because dollars are rounded to the nearest thousand, small rounding differences may occur.

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 922 2 * 924 Other Income 507 507 Package Plan Allocation 14,966 14,966 Total Income 66,394 - - 66,394 Expenses: Salary & Wages 23,727 23,727 Annual Performance Incentives 292 292 Contract Labor 35 35 Payroll Taxes 1,965 1,965 Employee Benefits 3,581 3,581 Cost of Goods Sold 723 723 Operating Supplies/Expenses 5,004 5,004 Insurance 944 944 Fees 3,711 3,711 Rentals 1,581 1,581 Taxes 679 679 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 - - 63,314 +(-) in Net Assets from Operations 3,080 3,080 Non-Operating Exp./Contingencies 45 45 Incr. (Decr.) in Net Assets 3,035 - - 3,035 *Archives budget reclassification/correction **Board of Directors budget reclassification/correction 1

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 $800 1.1% Borrowings $8,836 11.9% Business Annual Charge $12,227 16.4% Sport and Fitness Programs & Facilities $26,852 36.1% Administrative Services $1,154 1.5% Community Building $1,272 1.7% Capital Expenditures $18,504 24.9% Sport and Fitness Income $25,781 34.6% Community Services Programs $4,072 5.5% Residential Annual Charge $22,707 30.5% Debt Repayment $3,842 5.2% Board of Directors $858 1.1% Other $1,197 1.6% Village Community Associations $4,955 6.7% Community Services Programs $5,739 7.7% Open Space Management $10,050 13.5% $74,423 This data representation is not in accordance with generally accepted accounting principles. 2

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

Columbia Association Columbia Association Comparative Analysis of Income Comparative Analysis of Expenses January 31, 2015 January 31, 2015 60,000 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 5,979 718 43,254 Last Year Actual 20,634 16,550 5,553 706 43,443 Year-to-Date-Budget Current Year Actual Last Year Actual Year-to-Date-Budget Current Year Actual Last Year Actual 4

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 34,934 87 0.2% 34,281 34,934 653 1.9% 34,847 34,934 87 0.2% 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 2,010 117 6.2% 1,843 2,010 167 9.1% 2,615 2,756 141 5.4% Fees 4,873 4,342 (531) -10.9% 4,293 4,342 49 1.1% 6,430 5,548 (882) -13.7% Rental Income 1,402 1,406 4 0.3% 1,477 1,406 (71) -4.8% 1,846 1,839 (7) -0.4% Sales 710 754 44 6.2% 932 754 (178) -19.1% 924 865 (59) -6.4% Gain (Loss) on Fixed Asset Disposals (55) (55) -100.0% 6 (55) (61) -1016.7% (55) (55) -100.0% Other Income 382 619 237 62.0% 429 619 190 44.3% 507 733 226 44.6% Package Plan Allocation 11,092 11,074 (18) -0.2% 10,507 11,074 567 5.4% 14,966 14,966 Total Income 58,378 57,968 (410) -0.7% 56,746 57,968 1,222 2.2% 66,394 65,587 (807) -1.2% Expenses: Salary & Wages 18,150 17,004 (1,146) -6.3% 16,768 17,004 236 1.4% 23,727 22,685 (1,042) -4.4% Annual Performance Incentives 292 292 Contract Labor 29 38 9 31.0% 10 38 28 280.0% 35 77 42 120.0% 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 507 670 163 32.1% 862 670 (192) -22.3% 723 742 19 2.6% Operating Supplies/Expenses 3,919 3,529 (390) -10.0% 3,605 3,529 (76) -2.1% 5,004 5,104 100 2.0% Insurance 697 506 (191) -27.4% 597 506 (91) -15.2% 944 947 3 0.3% 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 1,027 333 48.0% 1,581 1,537 (44) -2.8% Taxes 519 369 (150) -28.9% 510 369 (141) -27.6% 679 603 (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 3,925 94 2.5% 3,764 3,925 161 4.3% 4,989 5,240 251 5.0% Comm.Assoc.Assess Share 2,223 2,230 7 0.3% 2,172 2,230 58 2.7% 2,964 2,964 Depreciation 6,697 5,979 (718) -10.7% 5,553 5,979 426 7.7% 8,965 8,463 (502) -5.6% Interest Expense Allocation 1,208 718 (490) -40.6% 706 718 12 1.7% 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 4,267 40.8% 13,371 14,714 1,343 10.0% 3,080 5,092 2,012 65.3% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies 34 (34) -100.0% 68 (68) -100.0% 45 45 Increase/(Decrease) in Net Assets 10,413 14,714 4,301 41.3% 13,303 14,714 1,411 10.6% 3,035 5,047 2,012 66.3% 5

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 2,010 117 6.2% 1,843 2,010 167 9.1% 2,615 2,756 141 5.4% Fees 4,812 4,222 (590) -12.3% 4,159 4,222 63 1.5% 6,349 5,420 (929) -14.6% Rental Income 1,331 1,289 (42) -3.2% 1,277 1,289 12 0.9% 1,753 1,696 (57) -3.3% Sales 703 749 46 6.5% 927 749 (178) -19.2% 915 859 (56) -6.1% Gain (Loss) on Fixed Asset Disposals 5 5 100.0% 6 5 (1) -16.7% 5 5 100.0% Other Income 47 138 91 193.6% 106 138 32 30.2% 59 152 93 157.6% Package Plan Allocation 11,092 11,074 (18) -0.2% 10,507 11,074 567 5.4% 14,966 14,966 Total Income 23,057 22,371 (686) -3.0% 21,803 22,371 568 2.6% 30,916 29,855 (1,061) -3.4% Expenses: Salary & Wages 11,025 10,701 (324) -2.9% 10,340 10,701 361 3.5% 14,230 13,893 (337) -2.4% Annual Performance Incentives 114 114 Contract Labor 16 9 (7) -43.8% 10 9 (1) -10.0% 18 25 7 38.9% Payroll Taxes 996 895 (101) -10.1% 902 895 (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 507 670 163 32.1% 862 670 (192) -22.3% 723 742 19 2.6% Operating Supplies/Expenses 2,691 2,811 120 4.5% 2,765 2,811 46 1.7% 3,394 3,717 323 9.5% Insurance 395 254 (141) -35.7% 323 254 (69) -21.4% 540 528 (12) -2.2% Fees 1,239 1,204 (35) -2.8% 1,152 1,204 52 4.5% 1,519 1,590 71 4.7% Rentals 604 577 (27) -4.5% 244 577 333 136.5% 875 895 20 2.3% Taxes 481 342 (139) -28.9% 478 342 (136) -28.5% 628 552 (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 2,365 177 8.1% 2,099 2,365 266 12.7% 2,803 3,071 268 9.6% Comm.Assoc.Assess Share 2,223 2,230 7 0.3% 2,172 2,230 58 2.7% 2,964 2,964 Depreciation 3,285 3,027 (258) -7.9% 2,967 3,027 60 2.0% 4,415 4,285 (130) -2.9% Interest Expense Allocation 540 506 (34) -6.3% 518 506 (12) -2.3% 729 731 2 0.3% Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement 379 194 (185) -48.8% 247 194 (53) -21.5% 470 386 (84) -17.9% Total Operating Expenses 29,414 28,156 (1,258) -4.3% 27,701 28,156 455 1.6% 38,478 38,108 (370) -1.0% Increase/(Decrease) in Net Assets from Operations (6,357) (5,785) 572 9.0% (5,898) (5,785) 113 1.9% (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) 726 7.8% (8,670) (8,554) 116 1.3% (11,430) (11,976) (546) -4.8% 6

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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 279 176 (103) -36.9% 208 176 (32) -15.4% 280 193 (87) -31.1% Memberships 1,893 2,010 117 6.2% 1,843 2,010 167 9.1% 2,615 2,756 141 5.4% Fees 4,789 4,160 (629) -13.1% 4,095 4,160 65 1.6% 6,325 5,355 (970) -15.3% Rental Income 1,289 1,252 (37) -2.9% 1,241 1,252 11 0.9% 1,697 1,638 (59) -3.5% Sales 679 735 56 8.2% 909 735 (174) -19.1% 883 825 (58) -6.6% Gain (Loss) on Fixed Asset Disposals 5 5 100.0% 6 5 (1) -16.7% 5 5 100.0% Other Income 12 31 19 158.3% 22 31 9 40.9% 14 43 29 207.1% Package Plan Allocation 11,092 11,074 (18) -0.2% 10,507 11,074 567 5.4% 14,966 14,966 Total Income 20,033 19,443 (590) -2.9% 18,831 19,443 612 3.2% 26,780 25,781 (999) -3.7% Expenses: Salary & Wages 8,031 7,631 (400) -5.0% 7,355 7,631 276 3.8% 10,309 9,868 (441) -4.3% Annual Performance Incentives 74 74 Contract Labor 10 9 (1) -10.0% 9 9 11 18 7 63.6% Payroll Taxes 744 646 (98) -13.2% 651 646 (5) -0.8% 956 862 (94) -9.8% Employee Benefits 961 739 (222) -23.1% 837 739 (98) -11.7% 1,289 1,108 (181) -14.0% Cost Of Sales 493 662 169 34.3% 851 662 (189) -22.2% 707 731 24 3.4% Operating Supplies/Expenses 1,429 1,474 45 3.1% 1,441 1,474 33 2.3% 1,766 1,897 131 7.4% Insurance 318 204 (114) -35.8% 258 204 (54) -20.9% 439 439 Fees 289 496 207 71.6% 378 496 118 31.2% 385 633 248 64.4% Rentals 402 408 6 1.5% 79 408 329 416.5% 615 656 41 6.7% Taxes 443 332 (111) -25.1% 448 332 (116) -25.9% 588 511 (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 2,023 200 11.0% 1,793 2,023 230 12.8% 2,322 2,578 256 11.0% Comm.Assoc.Assess Share Depreciation 2,620 2,374 (246) -9.4% 2,316 2,374 58 2.5% 3,530 3,397 (133) -3.8% Interest Expense Allocation 435 403 (32) -7.4% 418 403 (15) -3.6% 586 587 1 0.2% 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 507 374 (133) -26.2% 403 374 (29) -7.2% 655 593 (62) -9.5% Total Operating Expenses 21,605 20,823 (782) -3.6% 20,137 20,823 686 3.4% 28,339 28,185 (154) -0.5% Increase/(Decrease) in Net Assets from Operations (1,572) (1,380) 192 12.2% (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 1,555 47 3.1% 2,144 2,064 (80) -3.7% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (3,173) (2,935) 238 7.5% (2,814) (2,935) (121) -4.3% (3,703) (4,468) (765) -20.7% 8

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 94 16.6% 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

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 332 308 (24) -7.2% 346 308 (38) -11.0% 433 433 Annual Performance Incentives 5 5 Contract Labor 1 3 2 200.0% 6 3 (3) -50.0% 1 3 2 200.0% Payroll Taxes 22 19 (3) -13.6% 22 19 (3) -13.6% 29 29 Employee Benefits 45 27 (18) -40.0% 40 27 (13) -32.5% 60 60 Cost Of Sales Operating Supplies/Expenses 42 62 20 47.6% 99 62 (37) -37.4% 58 62 4 6.9% Insurance 4 4 4 4 6 6 Fees 5 31 26 520.0% 26 31 5 19.2% 6 31 25 416.7% Rentals 20 13 (7) -35.0% 17 13 (4) -23.5% 26 26 Taxes Utilities 3 2 (1) -33.3% 2 2 4 4 Repairs & Maintenance 2 4 2 100.0% 5 4 (1) -20.0% 3 4 1 33.3% Comm.Assoc.Assess Share Depreciation 1 (1) -100.0% 1 1 Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. (477) (473) 4 0.8% (567) (473) 94 16.6% (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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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 509 733 224 44.0% 656 733 77 11.7% 679 931 252 37.1% Fees 933 890 (43) -4.6% 937 890 (47) -5.0% 1,101 1,027 (74) -6.7% Rental Income 188 187 (1) -0.5% 172 187 15 8.7% 230 221 (9) -3.9% Sales 84 68 (16) -19.0% 79 68 (11) -13.9% 89 71 (18) -20.2% Gain (Loss) on Fixed Asset Disposals 2 2 100.0% 2 2 100.0% 2 2 100.0% Other Income 6 4 (2) -33.3% 9 4 (5) -55.6% 6 7 1 16.7% Package Plan Allocation 932 707 (225) -24.1% 709 707 (2) -0.3% 1,192 1,113 (79) -6.6% Total Income 2,652 2,591 (61) -2.3% 2,562 2,591 29 1.1% 3,297 3,372 75 2.3% 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 11 11 Contract Labor Payroll Taxes 196 167 (29) -14.8% 178 167 (11) -6.2% 228 196 (32) -14.0% Employee Benefits 148 125 (23) -15.5% 144 125 (19) -13.2% 192 170 (22) -11.5% Cost Of Sales 82 59 (23) -28.0% 77 59 (18) -23.4% 88 73 (15) -17.0% Operating Supplies/Expenses 461 379 (82) -17.8% 452 379 (73) -16.2% 521 488 (33) -6.3% Insurance 62 42 (20) -32.3% 47 42 (5) -10.6% 83 83 Fees 66 76 10 15.2% 70 76 6 8.6% 87 103 16 18.4% Rentals 47 28 (19) -40.4% 29 28 (1) -3.4% 62 41 (21) -33.9% Taxes 57 27 (30) -52.6% 93 27 (66) -71.0% 76 42 (34) -44.7% Utilities 346 300 (46) -13.3% 338 300 (38) -11.2% 423 365 (58) -13.7% Repairs & Maintenance 309 326 17 5.5% 277 326 49 17.7% 368 405 37 10.1% Comm.Assoc.Assess Share Depreciation 664 623 (41) -6.2% 605 623 18 3.0% 885 870 (15) -1.7% Interest Expense Allocation 99 87 (12) -12.1% 90 87 (3) -3.3% 134 135 1 0.7% Alloc. of Selling Expenses 191 205 14 7.3% 175 205 30 17.1% 243 295 52 21.4% Alloc. of Division's Admin. 113 108 (5) -4.4% 138 108 (30) -21.7% 138 142 4 2.9% Alloc. of Prod./Welcome Ctr.& Com. Engagement 120 85 (35) -29.2% 98 85 (13) -13.3% 144 126 (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) 358 15.7% (2,126) (1,920) 206 9.7% (2,644) (2,378) 266 10.1% Alloc. of Admin. Serv. Expenses 212 207 (5) -2.4% 205 207 2 1.0% 264 270 6 2.3% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (2,490) (2,127) 363 14.6% (2,331) (2,127) 204 8.8% (2,908) (2,648) 260 8.9% 12

OUTDOOR POOLS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 409 19.4% This Year s Actual vs. Last Year s Actual 298 14.9% Current Estimate vs. Budget 293 12.0% 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

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 449 660 211 47.0% 590 660 70 11.9% 599 840 241 40.2% Fees 466 463 (3) -0.6% 435 463 28 6.4% 466 464 (2) -0.4% Rental Income 130 133 3 2.3% 117 133 16 13.7% 130 133 3 2.3% Sales 75 63 (12) -16.0% 74 63 (11) -14.9% 75 63 (12) -16.0% Gain (Loss) on Fixed Asset Disposals 2 2 100.0% 2 2 100.0% 2 2 100.0% Other Income 6 3 (3) -50.0% 6 3 (3) -50.0% 6 6 Package Plan Allocation 538 414 (124) -23.0% 346 414 68 19.7% 639 554 (85) -13.3% Total Income 1,664 1,738 74 4.4% 1,568 1,738 170 10.8% 1,915 2,062 147 7.7% 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 149 127 (22) -14.8% 135 127 (8) -5.9% 164 140 (24) -14.6% Employee Benefits 92 75 (17) -18.5% 88 75 (13) -14.8% 117 97 (20) -17.1% Cost Of Sales 69 43 (26) -37.7% 60 43 (17) -28.3% 69 45 (24) -34.8% Operating Supplies/Expenses 374 311 (63) -16.8% 384 311 (73) -19.0% 411 400 (11) -2.7% Insurance 47 33 (14) -29.8% 36 33 (3) -8.3% 62 62 Fees 56 51 (5) -8.9% 47 51 4 8.5% 74 72 (2) -2.7% Rentals 35 18 (17) -48.6% 25 18 (7) -28.0% 46 30 (16) -34.8% Taxes 45 23 (22) -48.9% 81 23 (58) -71.6% 60 30 (30) -50.0% Utilities 199 200 1 0.5% 188 200 12 6.4% 221 215 (6) -2.7% Repairs & Maintenance 215 224 9 4.2% 206 224 18 8.7% 251 280 29 11.6% Comm.Assoc.Assess Share Depreciation 484 441 (43) -8.9% 436 441 5 1.1% 645 625 (20) -3.1% Interest Expense Allocation 70 61 (9) -12.9% 62 61 (1) -1.6% 95 96 1 1.1% Alloc. of Selling Expenses 130 153 23 17.7% 120 153 33 27.5% 161 201 40 24.8% Alloc. of Division's Admin. 84 79 (5) -6.0% 102 79 (23) -22.5% 98 100 2 2.0% Alloc. of Prod./Welcome Ctr.& Com. Engagement 89 62 (27) -30.3% 72 62 (10) -13.9% 102 89 (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) 415 21.0% (1,877) (1,565) 312 16.6% (2,290) (1,985) 305 13.3% Alloc. of Admin. Serv. Expenses 133 139 6 4.5% 125 139 14 11.2% 153 165 12 7.8% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (2,113) (1,704) 409 19.4% (2,002) (1,704) 298 14.9% (2,443) (2,150) 293 12.0% 14

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

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 60 73 13 21.7% 66 73 7 10.6% 80 91 11 13.8% Fees 467 427 (40) -8.6% 502 427 (75) -14.9% 635 563 (72) -11.3% Rental Income 58 54 (4) -6.9% 55 54 (1) -1.8% 100 88 (12) -12.0% Sales 9 5 (4) -44.4% 5 5 14 8 (6) -42.9% Gain (Loss) on Fixed Asset Disposals Other Income 1 1 100.0% 3 1 (2) -66.7% 1 1 100.0% Package Plan Allocation 394 293 (101) -25.6% 363 293 (70) -19.3% 553 559 6 1.1% Total Income 988 853 (135) -13.7% 994 853 (141) -14.2% 1,382 1,310 (72) -5.2% Expenses: Salary & Wages 463 472 9 1.9% 474 472 (2) -0.4% 634 645 11 1.7% Annual Performance Incentives 6 6 Contract Labor Payroll Taxes 47 40 (7) -14.9% 43 40 (3) -7.0% 64 56 (8) -12.5% Employee Benefits 56 50 (6) -10.7% 56 50 (6) -10.7% 75 73 (2) -2.7% Cost Of Sales 13 16 3 23.1% 17 16 (1) -5.9% 19 28 9 47.4% Operating Supplies/Expenses 87 68 (19) -21.8% 68 68 110 88 (22) -20.0% Insurance 15 9 (6) -40.0% 11 9 (2) -18.2% 21 21 Fees 10 25 15 150.0% 23 25 2 8.7% 13 31 18 138.5% Rentals 12 10 (2) -16.7% 4 10 6 150.0% 16 11 (5) -31.3% Taxes 12 4 (8) -66.7% 12 4 (8) -66.7% 16 12 (4) -25.0% Utilities 147 100 (47) -32.0% 150 100 (50) -33.3% 202 150 (52) -25.7% Repairs & Maintenance 94 102 8 8.5% 71 102 31 43.7% 117 125 8 6.8% Comm.Assoc.Assess Share Depreciation 180 182 2 1.1% 169 182 13 7.7% 240 245 5 2.1% Interest Expense Allocation 29 26 (3) -10.3% 28 26 (2) -7.1% 39 39 Alloc. of Selling Expenses 61 52 (9) -14.9% 55 52 (3) -5.5% 82 94 12 14.6% Alloc. of Division's Admin. 29 29 36 29 (7) -19.4% 40 42 2 5.0% Alloc. of Prod./Welcome Ctr.& Com. Engagement 31 23 (8) -25.8% 26 23 (3) -11.5% 42 37 (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 79 68 (11) -13.9% 80 68 (12) -15.0% 111 105 (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

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 33 9.8% 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

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) -100.0% 1 1 Fees 8 8 100.0% 8 8 100.0% 8 8 100.0% Rental Income Sales 334 439 105 31.4% 575 439 (136) -23.7% 446 446 Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation 466 552 86 18.5% 589 552 (37) -6.3% 712 628 (84) -11.8% Total Income 801 999 198 24.7% 1,164 999 (165) -14.2% 1,159 1,083 (76) -6.6% Expenses: Salary & Wages 38 30 (8) -21.1% 29 30 1 3.4% 50 50 Annual Performance Incentives Contract Labor Payroll Taxes 5 2 (3) -60.0% 2 2 6 6 Employee Benefits 10 6 (4) -40.0% 6 6 13 13 Cost Of Sales 229 407 178 77.7% 583 407 (176) -30.2% 378 407 29 7.7% Operating Supplies/Expenses 6 3 (3) -50.0% 3 3 6 6 Insurance Fees Rentals Taxes Utilities Repairs & Maintenance Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses 62 79 17 27.4% 76 79 3 3.9% 93 91 (2) -2.2% Alloc. of Division's Admin. 7 12 5 71.4% 20 12 (8) -40.0% 12 13 1 8.3% Alloc. of Prod./Welcome Ctr.& Com. Engagement 8 9 1 12.5% 14 9 (5) -35.7% 12 12 Total Operating Expenses 365 548 183 50.1% 733 548 (185) -25.2% 570 598 28 4.9% Increase/(Decrease) in Net Assets from Operations 436 451 15 3.4% 431 451 20 4.6% 589 485 (104) -17.7% Alloc. of Admin. Serv. Expenses 64 80 16 25.0% 93 80 (13) -14.0% 93 87 (6) -6.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 372 371 (1) -0.3% 338 371 33 9.8% 496 398 (98) -19.8% 18

INTENTIONALLY BLANK ` 19

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 211 113 (98) -46.4% 179 113 (66) -36.9% 212 127 (85) -40.1% Memberships 742 662 (80) -10.8% 594 662 68 11.4% 1,069 999 (70) -6.5% Fees 1,283 856 (427) -33.3% 819 856 37 4.5% 1,845 1,261 (584) -31.7% Rental Income 254 231 (23) -9.1% 268 231 (37) -13.8% 344 329 (15) -4.4% Sales 61 31 (30) -49.2% 31 31 83 49 (34) -41.0% Gain (Loss) on Fixed Asset Disposals 3 3 100.0% 6 3 (3) -50.0% 3 3 100.0% Other Income 4 26 22 550.0% 6 26 20 333.3% 5 33 28 560.0% Package Plan Allocation 8,732 8,824 92 1.1% 8,252 8,824 572 6.9% 11,694 11,841 147 1.3% Total Income 11,287 10,746 (541) -4.8% 10,155 10,746 591 5.8% 15,252 14,642 (610) -4.0% Expenses: Salary & Wages 3,755 3,460 (295) -7.9% 3,256 3,460 204 6.3% 5,039 4,644 (395) -7.8% Annual Performance Incentives 36 36 Contract Labor 9 6 (3) -33.3% 3 6 3 100.0% 10 15 5 50.0% Payroll Taxes 352 294 (58) -16.5% 287 294 7 2.4% 470 410 (60) -12.8% Employee Benefits 461 353 (108) -23.4% 393 353 (40) -10.2% 628 532 (96) -15.3% Cost Of Sales 36 38 2 5.6% 41 38 (3) -7.3% 53 53 Operating Supplies/Expenses 587 672 85 14.5% 512 672 160 31.3% 737 877 140 19.0% Insurance 149 95 (54) -36.2% 120 95 (25) -20.8% 211 211 Fees 114 265 151 132.5% 185 265 80 43.2% 148 327 179 120.9% Rentals 312 301 (11) -3.5% 5 301 296 5920.0% 498 498 Taxes 247 165 (82) -33.2% 225 165 (60) -26.7% 327 267 (60) -18.3% Utilities 681 611 (70) -10.3% 651 611 (40) -6.1% 922 873 (49) -5.3% Repairs & Maintenance 1,072 1,275 203 18.9% 1,082 1,275 193 17.8% 1,389 1,598 209 15.0% Comm.Assoc.Assess Share Depreciation 1,076 977 (99) -9.2% 947 977 30 3.2% 1,473 1,470 (3) -0.2% Interest Expense Allocation 177 169 (8) -4.5% 172 169 (3) -1.7% 237 237 Alloc. of Selling Expenses 1,248 1,351 103 8.3% 1,137 1,351 214 18.8% 1,658 1,851 193 11.6% Alloc. of Division's Admin. 229 226 (3) -1.3% 253 226 (27) -10.7% 310 328 18 5.8% Alloc. of Prod./Welcome Ctr.& Com. Engagement 242 179 (63) -26.0% 181 179 (2) -1.1% 322 292 (30) -9.3% Total Operating Expenses 10,747 10,437 (310) -2.9% 9,450 10,437 987 10.4% 14,468 14,519 51 0.4% Increase/(Decrease) in Net Assets from Operations 540 309 (231) -42.8% 705 309 (396) -56.2% 784 123 (661) -84.3% Alloc. of Admin. Serv. Expenses 902 859 (43) -4.8% 813 859 46 5.7% 1,221 1,172 (49) -4.0% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (362) (550) (188) -51.9% (108) (550) (442) -409.3% (437) (1,049) (612) -140.0% 20

ATHLETIC CLUB Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 80 41.9% This Year s Actual vs. Last Year s Actual 248 69.1% 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

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 132 132 129 132 3 2.3% 176 176 Fees 360 312 (48) -13.3% 296 312 16 5.4% 478 440 (38) -7.9% Rental Income 21 24 3 14.3% 21 24 3 14.3% 26 26 Sales 3 2 (1) -33.3% 2 2 4 4 Gain (Loss) on Fixed Asset Disposals 2 2 100.0% 4 2 (2) -50.0% 2 2 100.0% Other Income 2 10 8 400.0% 3 10 7 233.3% 3 10 7 233.3% Package Plan Allocation 2,136 2,154 18 0.8% 1,967 2,154 187 9.5% 2,883 2,901 18 0.6% Total Income 2,654 2,636 (18) -0.7% 2,422 2,636 214 8.8% 3,570 3,559 (11) -0.3% Expenses: Salary & Wages 994 919 (75) -7.5% 960 919 (41) -4.3% 1,325 1,280 (45) -3.4% Annual Performance Incentives 12 12 Contract Labor 5 5 100.0% 1 5 4 400.0% 5 5 100.0% Payroll Taxes 92 77 (15) -16.3% 84 77 (7) -8.3% 123 119 (4) -3.3% Employee Benefits 117 81 (36) -30.8% 111 81 (30) -27.0% 155 130 (25) -16.1% Cost Of Sales 2 1 (1) -50.0% 1 1 2 2 Operating Supplies/Expenses 133 121 (12) -9.0% 134 121 (13) -9.7% 175 175 Insurance 28 17 (11) -39.3% 22 17 (5) -22.7% 37 37 Fees 24 26 2 8.3% 22 26 4 18.2% 32 32 Rentals 1 1 2 1 (1) -50.0% 1 1 Taxes 54 40 (14) -25.9% 52 40 (12) -23.1% 72 60 (12) -16.7% Utilities 158 170 12 7.6% 187 170 (17) -9.1% 210 210 Repairs & Maintenance 272 329 57 21.0% 297 329 32 10.8% 343 393 50 14.6% Comm.Assoc.Assess Share Depreciation 306 288 (18) -5.9% 283 288 5 1.8% 408 405 (3) -0.7% Interest Expense Allocation 38 37 (1) -2.6% 40 37 (3) -7.5% 52 52 Alloc. of Selling Expenses 299 326 27 9.0% 270 326 56 20.7% 397 444 47 11.8% Alloc. of Division's Admin. 56 55 (1) -1.8% 71 55 (16) -22.5% 75 79 4 5.3% Alloc. of Prod./Welcome Ctr.& Com. Engagement 59 43 (16) -27.1% 50 43 (7) -14.0% 78 71 (7) -9.0% Total Operating Expenses 2,633 2,536 (97) -3.7% 2,587 2,536 (51) -2.0% 3,497 3,507 10 0.3% Increase/(Decrease) in Net Assets from Operations 21 100 79 376.2% (165) 100 265 160.6% 73 52 (21) -28.8% Alloc. of Admin. Serv. Expenses 212 211 (1) -0.5% 194 211 17 8.8% 286 285 (1) -0.3% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (191) (111) 80 41.9% (359) (111) 248 69.1% (213) (233) (20) -9.4% 22

COLUMBIA GYM Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 55 8.6% This Year s Actual vs. Last Year s Actual 250 55.8% Current Estimate vs. Budget 13 1.6% 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

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 81 52 (29) -35.8% 55 52 (3) -5.5% 81 52 (29) -35.8% Memberships 178 208 30 16.9% 182 208 26 14.3% 237 273 36 15.2% Fees 403 332 (71) -17.6% 283 332 49 17.3% 540 485 (55) -10.2% Rental Income 68 66 (2) -2.9% 63 66 3 4.8% 91 91 Sales 3 1 (2) -66.7% 1 1 4 4 Gain (Loss) on Fixed Asset Disposals Other Income 1 1 1 1 1 1 Package Plan Allocation 3,141 3,208 67 2.1% 2,998 3,208 210 7.0% 4,116 4,245 129 3.1% Total Income 3,875 3,868 (7) -0.2% 3,583 3,868 285 8.0% 5,070 5,151 81 1.6% 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 1 1 100.0% 2 1 (1) -50.0% 1 1 Payroll Taxes 113 86 (27) -23.9% 92 86 (6) -6.5% 144 121 (23) -16.0% Employee Benefits 125 144 19 15.2% 148 144 (4) -2.7% 177 192 15 8.5% Cost Of Sales 1 (1) -100.0% 1 1 Operating Supplies/Expenses 161 162 1 0.6% 166 162 (4) -2.4% 202 202 Insurance 23 20 (3) -13.0% 25 20 (5) -20.0% 43 43 Fees 49 35 (14) -28.6% 45 35 (10) -22.2% 60 65 5 8.3% Rentals 3 1 (2) -66.7% 1 1 4 4 Taxes 91 59 (32) -35.2% 83 59 (24) -28.9% 121 97 (24) -19.8% Utilities 171 155 (16) -9.4% 163 155 (8) -4.9% 228 220 (8) -3.5% Repairs & Maintenance 278 320 42 15.1% 304 320 16 5.3% 356 400 44 12.4% Comm.Assoc.Assess Share Depreciation 212 211 (1) -0.5% 197 211 14 7.1% 283 293 10 3.5% Interest Expense Allocation 51 50 (1) -2.0% 50 50 67 67 Alloc. of Selling Expenses 438 487 49 11.2% 409 487 78 19.1% 566 651 85 15.0% Alloc. of Division's Admin. 60 59 (1) -1.7% 75 59 (16) -21.3% 79 84 5 6.3% Alloc. of Prod./Welcome Ctr.& Com. Engagement 63 47 (16) -25.4% 53 47 (6) -11.3% 82 75 (7) -8.5% Total Operating Expenses 2,922 2,861 (61) -2.1% 2,848 2,861 13 0.5% 3,842 3,904 62 1.6% Increase/(Decrease) in Net Assets from Operations 953 1,007 54 5.7% 735 1,007 272 37.0% 1,228 1,247 19 1.5% Alloc. of Admin. Serv. Expenses 310 309 (1) -0.3% 287 309 22 7.7% 406 412 6 1.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 643 698 55 8.6% 448 698 250 55.8% 822 835 13 1.6% 24

SUPREME SPORTS CLUB Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 131 92.3% This Year s Actual vs. Last Year s Actual 106 90.6% 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

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 130 61 (69) -53.1% 124 61 (63) -50.8% 131 75 (56) -42.7% Memberships 288 300 12 4.2% 283 300 17 6.0% 385 400 15 3.9% Fees 249 205 (44) -17.7% 240 205 (35) -14.6% 341 276 (65) -19.1% Rental Income 165 141 (24) -14.5% 184 141 (43) -23.4% 227 212 (15) -6.6% Sales 55 27 (28) -50.9% 28 27 (1) -3.6% 75 36 (39) -52.0% Gain (Loss) on Fixed Asset Disposals 1 1 100.0% 2 1 (1) -50.0% 1 1 100.0% Other Income 1 15 14 1400.0% 2 15 13 650.0% 1 17 16 1600.0% Package Plan Allocation 3,455 3,462 7 0.2% 3,287 3,462 175 5.3% 4,695 4,695 Total Income 4,343 4,212 (131) -3.0% 4,150 4,212 62 1.5% 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 16 16 Contract Labor 9 (9) -100.0% 9 9 Payroll Taxes 103 107 4 3.9% 111 107 (4) -3.6% 135 135 Employee Benefits 169 115 (54) -32.0% 134 115 (19) -14.2% 225 185 (40) -17.8% Cost Of Sales 33 37 4 12.1% 40 37 (3) -7.5% 50 50 Operating Supplies/Expenses 188 177 (11) -5.9% 211 177 (34) -16.1% 246 225 (21) -8.5% Insurance 93 52 (41) -44.1% 73 52 (21) -28.8% 124 124 Fees 41 49 8 19.5% 43 49 6 14.0% 56 65 9 16.1% Rentals 2 3 1 50.0% 2 3 1 50.0% 3 3 Taxes 102 66 (36) -35.3% 90 66 (24) -26.7% 134 110 (24) -17.9% Utilities 326 285 (41) -12.6% 301 285 (16) -5.3% 438 413 (25) -5.7% Repairs & Maintenance 495 521 26 5.3% 481 521 40 8.3% 654 675 21 3.2% Comm.Assoc.Assess Share Depreciation 507 478 (29) -5.7% 467 478 11 2.4% 680 666 (14) -2.1% Interest Expense Allocation 88 82 (6) -6.8% 82 82 118 118 Alloc. of Selling Expenses 492 535 43 8.7% 458 535 77 16.8% 660 734 74 11.2% Alloc. of Division's Admin. 88 83 (5) -5.7% 105 83 (22) -21.0% 118 122 4 3.4% Alloc. of Prod./Welcome Ctr.& Com. Engagement 94 66 (28) -29.8% 76 66 (10) -13.2% 122 108 (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 205 326 121 59.0% 215 326 111 51.6% 338 290 (48) -14.2% Alloc. of Admin. Serv. Expenses 347 337 (10) -2.9% 332 337 5 1.5% 468 457 (11) -2.4% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (142) (11) 131 92.3% (117) (11) 106 90.6% (130) (167) (37) -28.5% 26

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) -1307.5% 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

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 144 22 (122) -84.7% 22 22 100.0% 271 150 (121) -44.6% Fees 271 7 (264) -97.4% 7 7 100.0% 486 60 (426) -87.7% Rental Income Sales 1 1 100.0% 1 1 100.0% 5 5 100.0% Gain (Loss) on Fixed Asset Disposals Other Income 5 5 100.0% Package Plan Allocation Total Income 415 30 (385) -92.8% 30 30 100.0% 757 220 (537) -70.9% Expenses: Salary & Wages 370 287 (83) -22.4% 287 287 100.0% 565 320 (245) -43.4% Annual Performance Incentives Contract Labor Payroll Taxes 44 24 (20) -45.5% 24 24 100.0% 68 35 (33) -48.5% Employee Benefits 50 13 (37) -74.0% 13 13 100.0% 71 25 (46) -64.8% Cost Of Sales Operating Supplies/Expenses 105 212 107 101.9% 1 212 211 21100.0% 114 275 161 141.2% Insurance 5 6 1 20.0% 6 6 100.0% 7 7 Fees 155 155 100.0% 75 155 80 106.7% 165 165 100.0% Rentals 306 296 (10) -3.3% 296 296 100.0% 490 490 Taxes Utilities 26 1 (25) -96.2% 1 1 100.0% 46 30 (16) -34.8% Repairs & Maintenance 27 105 78 288.9% 105 105 100.0% 36 130 94 261.1% Comm.Assoc.Assess Share Depreciation 51 (51) -100.0% 102 106 4 3.9% Interest Expense Allocation Alloc. of Selling Expenses 19 3 (16) -84.2% 3 3 100.0% 35 22 (13) -37.1% Alloc. of Division's Admin. 25 29 4 16.0% 2 29 27 1350.0% 38 43 5 13.2% Alloc. of Prod./Welcome Ctr.& Com. Engagement 26 23 (3) -11.5% 2 23 21 1050.0% 40 38 (2) -5.0% Total Operating Expenses 1,054 1,154 100 9.5% 80 1,154 1,074 1342.5% 1,612 1,686 74 4.6% Increase/(Decrease) in Net Assets from Operations (639) (1,124) (485) -75.9% (80) (1,124) (1,044) -1305.0% (855) (1,466) (611) -71.5% Alloc. of Admin. Serv. Expenses 33 2 (31) -93.9% 2 2 100.0% 61 18 (43) -70.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (672) (1,126) (454) -67.6% (80) (1,126) (1,046) -1307.5% (916) (1,484) (568) -62.0% 28

INTENTIONALLY BLANK ` 29

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 583 576 (7) -1.2% 545 576 31 5.7% 789 772 (17) -2.2% Fees 1,160 987 (173) -14.9% 1,125 987 (138) -12.3% 1,465 1,120 (345) -23.5% Rental Income 328 266 (62) -18.9% 287 266 (21) -7.3% 409 350 (59) -14.4% Sales 128 133 5 3.9% 164 133 (31) -18.9% 164 164 Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation 649 718 69 10.6% 719 718 (1) -0.1% 883 868 (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 993 997 4 0.4% 967 997 30 3.1% 1,309 1,321 12 0.9% Annual Performance Incentives 12 12 Contract Labor Payroll Taxes 86 84 (2) -2.3% 85 84 (1) -1.2% 113 113 Employee Benefits 183 136 (47) -25.7% 174 136 (38) -21.8% 244 200 (44) -18.0% Cost Of Sales 92 113 21 22.8% 110 113 3 2.7% 118 130 12 10.2% Operating Supplies/Expenses 200 212 12 6.0% 241 212 (29) -12.0% 274 274 Insurance 32 24 (8) -25.0% 30 24 (6) -20.0% 44 44 Fees 23 39 16 69.6% 37 39 2 5.4% 31 41 10 32.3% Rentals 16 55 39 243.8% 24 55 31 129.2% 21 74 53 252.4% Taxes 98 109 11 11.2% 90 109 19 21.1% 131 152 21 16.0% Utilities 93 77 (16) -17.2% 88 77 (11) -12.5% 123 113 (10) -8.1% Repairs & Maintenance 289 279 (10) -3.5% 290 279 (11) -3.8% 363 363 Comm.Assoc.Assess Share Depreciation 477 437 (40) -8.4% 470 437 (33) -7.0% 636 603 (33) -5.2% Interest Expense Allocation 115 108 (7) -6.1% 116 108 (8) -6.9% 154 153 (1) -0.6% Alloc. of Selling Expenses 162 184 22 13.6% 163 184 21 12.9% 217 236 19 8.8% Alloc. of Division's Admin. 68 69 1 1.5% 88 69 (19) -21.6% 91 98 7 7.7% Alloc. of Prod./Welcome Ctr.& Com. Engagement 72 55 (17) -23.6% 62 55 (7) -11.3% 94 88 (6) -6.4% Total Operating Expenses 2,999 2,978 (21) -0.7% 3,035 2,978 (57) -1.9% 3,975 4,015 40 1.0% Increase/(Decrease) in Net Assets from Operations (151) (298) (147) -97.4% (195) (298) (103) -52.8% (265) (741) (476) -179.6% Alloc. of Admin. Serv. Expenses 228 215 (13) -5.7% 227 215 (12) -5.3% 297 262 (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

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

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 29 37 8 27.6% 27 37 10 37.0% 39 47 8 20.5% Fees 722 666 (56) -7.8% 690 666 (24) -3.5% 937 770 (167) -17.8% Rental Income 135 112 (23) -17.0% 134 112 (22) -16.4% 170 150 (20) -11.8% Sales 78 82 4 5.1% 100 82 (18) -18.0% 100 100 Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation 239 239 242 239 (3) -1.2% 323 317 (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 444 481 37 8.3% 459 481 22 4.8% 581 581 Annual Performance Incentives 4 4 Contract Labor Payroll Taxes 37 41 4 10.8% 40 41 1 2.5% 48 48 Employee Benefits 85 55 (30) -35.3% 83 55 (28) -33.7% 114 75 (39) -34.2% Cost Of Sales 47 62 15 31.9% 61 62 1 1.6% 70 70 Operating Supplies/Expenses 82 90 8 9.8% 94 90 (4) -4.3% 126 126 Insurance 14 10 (4) -28.6% 13 10 (3) -23.1% 19 19 Fees 9 13 4 44.4% 11 13 2 18.2% 12 13 1 8.3% Rentals 7 5 (2) -28.6% 6 5 (1) -16.7% 9 9 Taxes 40 45 5 12.5% 36 45 9 25.0% 53 63 10 18.9% Utilities 45 41 (4) -8.9% 36 41 5 13.9% 59 59 Repairs & Maintenance 124 111 (13) -10.5% 105 111 6 5.7% 160 160 Comm.Assoc.Assess Share Depreciation 147 147 149 147 (2) -1.3% 196 198 2 1.0% Interest Expense Allocation 59 59 60 59 (1) -1.7% 79 79 Alloc. of Selling Expenses 35 39 4 11.4% 35 39 4 11.4% 47 52 5 10.6% Alloc. of Division's Admin. 29 30 1 3.4% 37 30 (7) -18.9% 39 41 2 5.1% Alloc. of Prod./Welcome Ctr.& Com. Engagement 30 24 (6) -20.0% 26 24 (2) -7.7% 40 37 (3) -7.5% Total Operating Expenses 1,234 1,253 19 1.5% 1,251 1,253 2 0.2% 1,656 1,634 (22) -1.3% Increase/(Decrease) in Net Assets from Operations (31) (117) (86) -277.4% (58) (117) (59) -101.7% (87) (250) (163) -187.4% Alloc. of Admin. Serv. Expenses 96 91 (5) -5.2% 95 91 (4) -4.2% 126 111 (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

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

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 554 539 (15) -2.7% 518 539 21 4.1% 750 725 (25) -3.3% Fees 438 321 (117) -26.7% 435 321 (114) -26.2% 528 350 (178) -33.7% Rental Income 193 154 (39) -20.2% 153 154 1 0.7% 239 200 (39) -16.3% Sales 50 51 1 2.0% 64 51 (13) -20.3% 64 64 Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation 410 479 69 16.8% 477 479 2 0.4% 560 551 (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 549 516 (33) -6.0% 508 516 8 1.6% 728 740 12 1.6% Annual Performance Incentives 8 8 Contract Labor Payroll Taxes 49 43 (6) -12.2% 45 43 (2) -4.4% 65 65 Employee Benefits 98 81 (17) -17.3% 91 81 (10) -11.0% 130 125 (5) -3.8% Cost Of Sales 45 51 6 13.3% 49 51 2 4.1% 48 60 12 25.0% Operating Supplies/Expenses 118 122 4 3.4% 147 122 (25) -17.0% 148 148 Insurance 18 14 (4) -22.2% 17 14 (3) -17.6% 25 25 Fees 14 26 12 85.7% 26 26 19 28 9 47.4% Rentals 9 50 41 455.6% 18 50 32 177.8% 12 65 53 441.7% Taxes 58 64 6 10.3% 54 64 10 18.5% 78 89 11 14.1% Utilities 48 36 (12) -25.0% 52 36 (16) -30.8% 64 54 (10) -15.6% Repairs & Maintenance 165 168 3 1.8% 185 168 (17) -9.2% 203 203 Comm.Assoc.Assess Share Depreciation 330 290 (40) -12.1% 321 290 (31) -9.7% 440 405 (35) -8.0% Interest Expense Allocation 56 49 (7) -12.5% 56 49 (7) -12.5% 75 74 (1) -1.3% Alloc. of Selling Expenses 127 145 18 14.2% 128 145 17 13.3% 170 184 14 8.2% Alloc. of Division's Admin. 39 39 51 39 (12) -23.5% 52 57 5 9.6% Alloc. of Prod./Welcome Ctr.& Com. Engagement 42 31 (11) -26.2% 36 31 (5) -13.9% 54 51 (3) -5.6% Total Operating Expenses 1,765 1,725 (40) -2.3% 1,784 1,725 (59) -3.3% 2,319 2,381 62 2.7% Increase/(Decrease) in Net Assets from Operations (120) (181) (61) -50.8% (137) (181) (44) -32.1% (178) (491) (313) -175.8% Alloc. of Admin. Serv. Expenses 132 124 (8) -6.1% 132 124 (8) -6.1% 171 151 (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

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 $25,000. 35

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 14 15 1 7.1% 15 15 19 19 Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 14 15 1 7.1% 15 15 19 19 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 4 5 1 25.0% 1 5 4 400.0% 5 5 Comm.Assoc.Assess Share Depreciation 23 22 (1) -4.3% 21 22 1 4.8% 31 30 (1) -3.2% Interest Expense Allocation 2 2 2 2 3 3 Alloc. of Selling Expenses Alloc. of Division's Admin. 1 1 1 1 1 1 Alloc. of Prod./Welcome Ctr.& Com. Engagement 1 1 1 1 1 1 Total Operating Expenses 31 31 26 31 5 19.2% 41 40 (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 1 1 1 1 2 2 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

ICE RINK Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 119 81.0% This Year s Actual vs. Last Year s Actual 83 74.8% Current Estimate vs. Budget 51 42.9% 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

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 268 248 (20) -7.5% 226 248 22 9.7% 406 406 Rental Income 431 485 54 12.5% 432 485 53 12.3% 612 640 28 4.6% Sales 50 40 (10) -20.0% 38 40 2 5.3% 74 64 (10) -13.5% Gain (Loss) on Fixed Asset Disposals Other Income 1 1 1 1 1 1 Package Plan Allocation 22 13 (9) -40.9% 9 13 4 44.4% 31 29 (2) -6.5% Total Income 774 788 14 1.8% 708 788 80 11.3% 1,126 1,142 16 1.4% Expenses: Salary & Wages 241 259 18 7.5% 249 259 10 4.0% 322 319 (3) -0.9% Annual Performance Incentives 4 4 Contract Labor Payroll Taxes 24 22 (2) -8.3% 22 22 32 32 Employee Benefits 24 21 (3) -12.5% 22 21 (1) -4.5% 32 32 Cost Of Sales 37 24 (13) -35.1% 24 24 50 42 (8) -16.0% Operating Supplies/Expenses 48 42 (6) -12.5% 36 42 6 16.7% 65 65 Insurance 56 30 (26) -46.4% 44 30 (14) -31.8% 75 75 Fees 71 53 (18) -25.4% 44 53 9 20.5% 100 100 Rentals 3 3 100.0% 3 3 5 5 100.0% Taxes 22 16 (6) -27.3% 21 16 (5) -23.8% 29 25 (4) -13.8% Utilities 137 109 (28) -20.4% 114 109 (5) -4.4% 182 160 (22) -12.1% Repairs & Maintenance 68 52 (16) -23.5% 59 52 (7) -11.9% 88 85 (3) -3.4% Comm.Assoc.Assess Share Depreciation 78 79 1 1.3% 75 79 4 5.3% 104 105 1 1.0% Interest Expense Allocation 8 7 (1) -12.5% 8 7 (1) -12.5% 11 11 Alloc. of Selling Expenses 3 2 (1) -33.3% 1 2 1 100.0% 4 4 Alloc. of Division's Admin. 20 19 (1) -5.0% 23 19 (4) -17.4% 28 29 1 3.6% Alloc. of Prod./Welcome Ctr.& Com. Engagement 22 15 (7) -31.8% 17 15 (2) -11.8% 29 26 (3) -10.3% Total Operating Expenses 859 753 (106) -12.3% 762 753 (9) -1.2% 1,155 1,119 (36) -3.1% Increase/(Decrease) in Net Assets from Operations (85) 35 120 141.2% (54) 35 89 164.8% (29) 23 52 179.3% Alloc. of Admin. Serv. Expenses 62 63 1 1.6% 57 63 6 10.5% 90 91 1 1.1% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (147) (28) 119 81.0% (111) (28) 83 74.8% (119) (68) 51 42.9% 38

INDOOR & OUTDOOR TENNIS CLUBS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 57 259.1% This Year s Actual vs. Last Year s Actual 76 185.4% Current Estimate vs. Budget 37 49.3% 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

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 41 38 (3) -7.3% 1 38 37 3700.0% 41 41 Memberships 56 38 (18) -32.1% 46 38 (8) -17.4% 74 50 (24) -32.4% Fees 1,057 1,079 22 2.1% 898 1,079 181 20.2% 1,408 1,430 22 1.6% Rental Income 6 4 (2) -33.3% 4 4 8 8 Sales 6 10 4 66.7% 6 10 4 66.7% 8 12 4 50.0% Gain (Loss) on Fixed Asset Disposals Other Income 1 (1) -100.0% 6 (6) -100.0% 2 2 Package Plan Allocation 199 177 (22) -11.1% 146 177 31 21.2% 377 369 (8) -2.1% Total Income 1,366 1,346 (20) -1.5% 1,107 1,346 239 21.6% 1,918 1,912 (6) -0.3% Expenses: Salary & Wages 581 584 3 0.5% 509 584 75 14.7% 753 753 Annual Performance Incentives 4 4 Contract Labor Payroll Taxes 48 47 (1) -2.1% 44 47 3 6.8% 64 63 (1) -1.6% Employee Benefits 80 58 (22) -27.5% 47 58 11 23.4% 106 85 (21) -19.8% Cost Of Sales 5 12 7 140.0% 6 12 6 100.0% 6 12 6 100.0% Operating Supplies/Expenses 61 81 20 32.8% 69 81 12 17.4% 75 95 20 26.7% Insurance 11 6 (5) -45.5% 9 6 (3) -33.3% 15 15 Fees 2 20 18 900.0% 5 20 15 300.0% 3 20 17 566.7% Rentals 1 5 4 400.0% 5 5 100.0% 1 5 4 400.0% Taxes 12 8 (4) -33.3% 12 8 (4) -33.3% 16 16 Utilities 106 69 (37) -34.9% 100 69 (31) -31.0% 141 135 (6) -4.3% Repairs & Maintenance 49 64 15 30.6% 47 64 17 36.2% 63 75 12 19.0% Comm.Assoc.Assess Share Depreciation 210 152 (58) -27.6% 118 152 34 28.8% 279 206 (73) -26.2% Interest Expense Allocation 17 14 (3) -17.6% 14 14 24 25 1 4.2% Alloc. of Selling Expenses 34 31 (3) -8.8% 25 31 6 24.0% 59 60 1 1.7% Alloc. of Division's Admin. 30 29 (1) -3.3% 32 29 (3) -9.4% 40 41 1 2.5% Alloc. of Prod./Welcome Ctr.& Com. Engagement 32 23 (9) -28.1% 22 23 1 4.5% 41 37 (4) -9.8% Total Operating Expenses 1,279 1,203 (76) -5.9% 1,059 1,203 144 13.6% 1,690 1,647 (43) -2.5% Increase/(Decrease) in Net Assets from Operations 87 143 56 64.4% 48 143 95 197.9% 228 265 37 16.2% Alloc. of Admin. Serv. Expenses 109 108 (1) -0.9% 89 108 19 21.3% 153 153 Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (22) 35 57 259.1% (41) 35 76 185.4% 75 112 37 49.3% 40

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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 27 25 (2) -7.4% 28 25 (3) -10.7% 27 25 (2) -7.4% Memberships 1 1 Fees 88 92 4 4.5% 90 92 2 2.2% 100 103 3 3.0% Rental Income 68 64 (4) -5.9% 63 64 1 1.6% 75 71 (4) -5.3% Sales 16 14 (2) -12.5% 16 14 (2) -12.5% 19 19 Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation 92 83 (9) -9.8% 83 83 77 118 41 53.2% Total Income 291 278 (13) -4.5% 280 278 (2) -0.7% 299 337 38 12.7% Expenses: Salary & Wages 122 119 (3) -2.5% 122 119 (3) -2.5% 145 143 (2) -1.4% Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 11 11 11 11 14 13 (1) -7.1% Employee Benefits 10 13 3 30.0% 11 13 2 18.2% 14 16 2 14.3% Cost Of Sales 12 9 (3) -25.0% 10 9 (1) -10.0% 14 14 Operating Supplies/Expenses 24 23 (1) -4.2% 29 23 (6) -20.7% 30 30 Insurance 4 3 (1) -25.0% 4 3 (1) -25.0% 5 5 Fees 8 12 4 50.0% 11 12 1 9.1% 10 11 1 10.0% Rentals 6 3 (3) -50.0% 1 3 2 200.0% 7 7 Taxes 7 7 7 7 9 9 Utilities 22 16 (6) -27.3% 19 16 (3) -15.8% 28 28 Repairs & Maintenance 30 18 (12) -40.0% 32 18 (14) -43.8% 43 43 Comm.Assoc.Assess Share Depreciation 91 84 (7) -7.7% 80 84 4 5.0% 121 112 (9) -7.4% Interest Expense Allocation 17 16 (1) -5.9% 16 16 23 23 Alloc. of Selling Expenses 12 12 11 12 1 9.1% 10 18 8 80.0% Alloc. of Division's Admin. 9 9 12 9 (3) -25.0% 12 12 Alloc. of Prod./Welcome Ctr.& Com. Engagement 10 7 (3) -30.0% 8 7 (1) -12.5% 12 11 (1) -8.3% Total Operating Expenses 395 362 (33) -8.4% 384 362 (22) -5.7% 499 497 (2) -0.4% Increase/(Decrease) in Net Assets from Operations (104) (84) 20 19.2% (104) (84) 20 19.2% (200) (160) 40 20.0% Alloc. of Admin. Serv. Expenses 23 22 (1) -4.3% 23 22 (1) -4.3% 24 27 3 12.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (127) (106) 21 16.5% (127) (106) 21 16.5% (224) (187) 37 16.5% 42

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 $25,000. 43

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 27 25 (2) -7.4% 28 25 (3) -10.7% 27 25 (2) -7.4% Memberships 1 1 Fees 5 3 (2) -40.0% 4 3 (1) -25.0% 6 4 (2) -33.3% Rental Income 1 1 100.0% 1 1 100.0% 1 1 100.0% Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation 9 1 (8) -88.9% 1 1 7 10 3 42.9% Total Income 41 30 (11) -26.8% 33 30 (3) -9.1% 41 41 Expenses: Salary & Wages 24 31 7 29.2% 29 31 2 6.9% 26 31 5 19.2% Annual Performance Incentives Contract Labor Payroll Taxes 1 3 2 200.0% 3 3 2 3 1 50.0% Employee Benefits 2 2 100.0% 2 2 2 2 100.0% Cost Of Sales Operating Supplies/Expenses 5 7 2 40.0% 5 7 2 40.0% 7 7 Insurance 1 1 1 1 1 1 Fees 1 2 1 100.0% 2 2 1 2 1 100.0% Rentals 3 (3) -100.0% 3 3 Taxes 1 (1) -100.0% 1 1 Utilities 7 4 (3) -42.9% 5 4 (1) -20.0% 9 9 Repairs & Maintenance 4 (4) -100.0% 6 6 Comm.Assoc.Assess Share Depreciation 9 8 (1) -11.1% 9 8 (1) -11.1% 12 12 Interest Expense Allocation 2 1 (1) -50.0% 1 1 2 2 Alloc. of Selling Expenses 1 (1) -100.0% 1 2 1 100.0% Alloc. of Division's Admin. 1 2 1 100.0% 2 2 2 2 Alloc. of Prod./Welcome Ctr.& Com. Engagement 2 1 (1) -50.0% 1 1 2 2 Total Operating Expenses 62 62 60 62 2 3.3% 75 85 10 13.3% 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

SPORTS PARK Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 31 30.1% This Year s Actual vs. Last Year s Actual 25 25.8% Current Estimate vs. Budget 47 25.1% The variance in Package Plan Allocation is due to the difference between the number of visits budgeted versus estimated visits to the facility. 45

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 83 89 6 7.2% 86 89 3 3.5% 94 99 5 5.3% Rental Income 68 63 (5) -7.4% 63 63 75 70 (5) -6.7% Sales 16 14 (2) -12.5% 16 14 (2) -12.5% 19 19 Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation 83 82 (1) -1.2% 82 82 70 108 38 54.3% Total Income 250 248 (2) -0.8% 247 248 1 0.4% 258 296 38 14.7% Expenses: Salary & Wages 98 88 (10) -10.2% 93 88 (5) -5.4% 119 112 (7) -5.9% Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 10 8 (2) -20.0% 8 8 12 10 (2) -16.7% Employee Benefits 10 11 1 10.0% 9 11 2 22.2% 14 14 Cost Of Sales 12 9 (3) -25.0% 10 9 (1) -10.0% 14 14 Operating Supplies/Expenses 19 16 (3) -15.8% 24 16 (8) -33.3% 23 23 Insurance 3 2 (1) -33.3% 3 2 (1) -33.3% 4 4 Fees 7 10 3 42.9% 9 10 1 11.1% 9 9 Rentals 3 3 1 3 2 200.0% 4 4 Taxes 6 7 1 16.7% 7 7 8 8 Utilities 15 12 (3) -20.0% 14 12 (2) -14.3% 19 19 Repairs & Maintenance 26 18 (8) -30.8% 32 18 (14) -43.8% 37 37 Comm.Assoc.Assess Share Depreciation 82 76 (6) -7.3% 71 76 5 7.0% 109 100 (9) -8.3% Interest Expense Allocation 15 15 15 15 21 21 Alloc. of Selling Expenses 11 12 1 9.1% 11 12 1 9.1% 9 16 7 77.8% Alloc. of Division's Admin. 8 7 (1) -12.5% 10 7 (3) -30.0% 10 10 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 333 300 (33) -9.9% 324 300 (24) -7.4% 424 412 (12) -2.8% Increase/(Decrease) in Net Assets from Operations (83) (52) 31 37.3% (77) (52) 25 32.5% (166) (116) 50 30.1% Alloc. of Admin. Serv. Expenses 20 20 20 20 21 24 3 14.3% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (103) (72) 31 30.1% (97) (72) 25 25.8% (187) (140) 47 25.1% 46

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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 23 62 39 169.6% 64 62 (2) -3.1% 24 65 41 170.8% Rental Income 42 37 (5) -11.9% 36 37 1 2.8% 56 58 2 3.6% Sales 24 12 (12) -50.0% 16 12 (4) -25.0% 32 32 Gain (Loss) on Fixed Asset Disposals Other Income 35 107 72 205.7% 84 107 23 27.4% 45 109 64 142.2% 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 2,309 86 3.9% 2,234 2,309 75 3.4% 2,897 3,001 104 3.6% Annual Performance Incentives 27 27 Contract Labor 6 (6) -100.0% 1 (1) -100.0% 7 7 Payroll Taxes 192 190 (2) -1.0% 190 190 255 255 Employee Benefits 277 252 (25) -9.0% 272 252 (20) -7.4% 365 343 (22) -6.0% Cost Of Sales 14 8 (6) -42.9% 11 8 (3) -27.3% 16 11 (5) -31.3% Operating Supplies/Expenses 518 402 (116) -22.4% 511 402 (109) -21.3% 635 570 (65) -10.2% Insurance 77 50 (27) -35.1% 65 50 (15) -23.1% 101 89 (12) -11.9% Fees 704 485 (219) -31.1% 697 485 (212) -30.4% 807 617 (190) -23.5% Rentals 144 108 (36) -25.0% 107 108 1 0.9% 182 161 (21) -11.5% Taxes 38 9 (29) -76.3% 30 9 (21) -70.0% 40 40 Utilities 82 69 (13) -15.9% 68 69 1 1.5% 108 109 1 0.9% Repairs & Maintenance 351 326 (25) -7.1% 295 326 31 10.5% 464 476 12 2.6% Comm.Assoc.Assess Share 2,223 2,230 7 0.3% 2,172 2,230 58 2.7% 2,964 2,964 Depreciation 663 651 (12) -1.8% 649 651 2 0.3% 883 886 3 0.3% Interest Expense Allocation 105 103 (2) -1.9% 100 103 3 3.0% 143 144 1 0.7% Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement 192 139 (53) -27.6% 160 139 (21) -13.1% 245 221 (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) 380 7.9% (4,592) (4,405) 187 4.1% (6,003) (5,849) 154 2.6% 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) 488 8.0% (5,856) (5,619) 237 4.0% (7,727) (7,508) 219 2.8% 48

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

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 4 4 4 4 4 4 Package Plan Allocation Total Income 4 4 4 4 4 4 Expenses: Salary & Wages 318 313 (5) -1.6% 304 313 9 3.0% 424 424 Annual Performance Incentives 9 9 Contract Labor Payroll Taxes 23 22 (1) -4.3% 23 22 (1) -4.3% 31 31 Employee Benefits 44 40 (4) -9.1% 43 40 (3) -7.0% 59 59 Cost Of Sales Operating Supplies/Expenses 35 19 (16) -45.7% 24 19 (5) -20.8% 44 44 Insurance Fees 5 30 25 500.0% 11 30 19 172.7% 7 32 25 357.1% Rentals 12 13 1 8.3% 13 13 16 16 Taxes Utilities 2 2 2 2 3 3 Repairs & Maintenance 4 1 (3) -75.0% 1 1 5 5 Comm.Assoc.Assess Share Depreciation 1 1 100.0% 1 1 100.0% 2 2 100.0% 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 4 4 4 4 4 4 Increase/(Decrease) in Net Assets from Operations Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 50

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 24 4.4% 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

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 218 132 (86) -39.4% 147 132 (15) -10.2% 270 203 (67) -24.8% Memberships Fees 5 5 100.0% 9 5 (4) -44.4% 5 5 100.0% Rental Income 8 7 (1) -12.5% 5 7 2 40.0% 10 10 Sales 23 11 (12) -52.2% 15 11 (4) -26.7% 30 30 Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 249 155 (94) -37.8% 176 155 (21) -11.9% 310 248 (62) -20.0% Expenses: Salary & Wages 319 320 1 0.3% 310 320 10 3.2% 411 411 Annual Performance Incentives 4 4 Contract Labor 1 (1) -100.0% Payroll Taxes 29 28 (1) -3.4% 28 28 37 37 Employee Benefits 39 35 (4) -10.3% 36 35 (1) -2.8% 52 48 (4) -7.7% Cost Of Sales 12 7 (5) -41.7% 11 7 (4) -36.4% 14 9 (5) -35.7% Operating Supplies/Expenses 56 54 (2) -3.6% 65 54 (11) -16.9% 68 64 (4) -5.9% Insurance 7 5 (2) -28.6% 6 5 (1) -16.7% 9 9 Fees 5 8 3 60.0% 11 8 (3) -27.3% 6 8 2 33.3% Rentals Taxes 3 1 (2) -66.7% 3 1 (2) -66.7% 4 4 Utilities 29 23 (6) -20.7% 25 23 (2) -8.0% 39 39 Repairs & Maintenance 43 21 (22) -51.2% 26 21 (5) -19.2% 57 57 Comm.Assoc.Assess Share Depreciation 37 35 (2) -5.4% 52 35 (17) -32.7% 50 46 (4) -8.0% Interest Expense Allocation 2 2 3 2 (1) -33.3% 3 3 Alloc. of Selling Expenses Alloc. of Division's Admin. 35 35 34 35 1 2.9% 48 51 3 6.3% Alloc. of Prod./Welcome Ctr.& Com. Engagement 16 11 (5) -31.3% 13 11 (2) -15.4% 20 18 (2) -10.0% Total Operating Expenses 632 585 (47) -7.4% 624 585 (39) -6.3% 822 808 (14) -1.7% Increase/(Decrease) in Net Assets from Operations (383) (430) (47) -12.3% (448) (430) 18 4.0% (512) (560) (48) -9.4% Alloc. of Admin. Serv. Expenses 95 88 (7) -7.4% 94 88 (6) -6.4% 123 121 (2) -1.6% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (478) (518) (40) -8.4% (542) (518) 24 4.4% (635) (681) (46) -7.2% 52

ASSESSMENT SHARE - COMMUNITY ASSOCIATIONS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 104 2.4% This Year s Actual vs. Last Year s Actual 9 0.2% Current Estimate vs. Budget 59 1.0% 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

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 35 35 100.0% 40 35 (5) -12.5% 35 35 100.0% Package Plan Allocation Total Income 35 35 100.0% 40 35 (5) -12.5% 35 35 100.0% Expenses: Salary & Wages 4 (1) (5) -125.0% 14 (1) (15) -107.1% 5 (1) (6) -120.0% Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses 5 (3) (8) -160.0% 3 (3) (6) -200.0% 6 (3) (9) -150.0% Insurance 23 20 (3) -13.0% 20 20 30 30 Fees 150 176 26 17.3% 250 176 (74) -29.6% 200 200 Rentals Taxes 34 8 (26) -76.5% 26 8 (18) -69.2% 35 35 Utilities 8 7 (1) -12.5% 4 7 3 75.0% 10 10 Repairs & Maintenance 241 239 (2) -0.8% 216 239 23 10.6% 321 321 Comm.Assoc.Assess Share 2,223 2,230 7 0.3% 2,172 2,230 58 2.7% 2,964 2,964 Depreciation 588 575 (13) -2.2% 562 575 13 2.3% 783 785 2 0.3% Interest Expense Allocation 92 91 (1) -1.1% 86 91 5 5.8% 126 127 1 0.8% Alloc. of Selling Expenses Alloc. of Division's Admin. 206 216 10 4.9% 199 216 17 8.5% 287 306 19 6.6% Alloc. of Prod./Welcome Ctr.& Com. Engagement 90 69 (21) -23.3% 77 69 (8) -10.4% 118 109 (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) 72 2.0% (3,589) (3,592) (3) -0.1% (4,885) (4,848) 37 0.8% Alloc. of Admin. Serv. Expenses 658 626 (32) -4.9% 638 626 (12) -1.9% 879 857 (22) -2.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (4,322) (4,218) 104 2.4% (4,227) (4,218) 9 0.2% (5,764) (5,705) 59 1.0% 54

COLUMBIA ARCHIVES Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 43 16.0% This Year s Actual vs. Last Year s Actual (21) -10.3% Current Estimate vs. Budget 21 5.9% No line-item variance over 25 percent and $25,000. 55

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 1 1 1 1 100.0% 2 2 Rental Income Sales 1 1 1 1 2 2 Gain (Loss) on Fixed Asset Disposals Other Income 15 29 14 93.3% 17 29 12 70.6% 20 29 9 45.0% Package Plan Allocation Total Income 17 31 14 82.4% 18 31 13 72.2% 24 33 9 37.5% Expenses: Salary & Wages 124 121 (3) -2.4% 111 121 10 9.0% 166 166 Annual Performance Incentives 2 2 Contract Labor 4 (4) -100.0% 5 5 Payroll Taxes 10 9 (1) -10.0% 9 9 14 14 Employee Benefits 22 21 (1) -4.5% 21 21 29 29 Cost Of Sales 1 1 1 1 100.0% 1 1 Operating Supplies/Expenses 25 11 (14) -56.0% 11 11 32 22 (10) -31.3% Insurance 2 1 (1) -50.0% 1 1 2 2 Fees 6 6 100.0% 6 6 100.0% Rentals 35 32 (3) -8.6% 22 32 10 45.5% 47 47 Taxes Utilities 1 1 100.0% 1 1 100.0% 1 1 Repairs & Maintenance 2 (2) -100.0% 2 2 Comm.Assoc.Assess Share Depreciation 3 3 3 3 4 4 Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 14 13 (1) -7.1% 11 13 2 18.2% 19 20 1 5.3% Alloc. of Prod./Welcome Ctr.& Com. Engagement 6 4 (2) -33.3% 4 4 8 7 (1) -12.5% Total Operating Expenses 248 223 (25) -10.1% 193 223 30 15.5% 332 322 (10) -3.0% Increase/(Decrease) in Net Assets from Operations (231) (192) 39 16.9% (175) (192) (17) -9.7% (308) (289) 19 6.2% Alloc. of Admin. Serv. Expenses 37 33 (4) -10.8% 29 33 4 13.8% 50 48 (2) -4.0% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (268) (225) 43 16.0% (204) (225) (21) -10.3% (358) (337) 21 5.9% 56

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 5 15.6% Current Estimate vs. Budget (2) -7.1% No line-item variance over 25 percent and $25,000. 57

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 31 28 (3) -9.7% 29 28 (1) -3.4% 42 42 Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 31 28 (3) -9.7% 29 28 (1) -3.4% 42 42 Expenses: Salary & Wages Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses Insurance 1 1 1 1 1 1 Fees Rentals Taxes Utilities 1 1 100.0% 1 1 1 1 100.0% Repairs & Maintenance 3 4 1 33.3% 9 4 (5) -55.6% 4 4 Comm.Assoc.Assess Share Depreciation 28 28 27 28 1 3.7% 37 38 1 2.7% Interest Expense Allocation 11 10 (1) -9.1% 11 10 (1) -9.1% 14 14 Alloc. of Selling Expenses Alloc. of Division's Admin. 3 3 3 3 4 4 Alloc. of Prod./Welcome Ctr.& Com. Engagement 1 1 1 1 1 1 Total Operating Expenses 47 48 1 2.1% 53 48 (5) -9.4% 61 63 2 3.3% Increase/(Decrease) in Net Assets from Operations (16) (20) (4) -25.0% (24) (20) 4 16.7% (19) (21) (2) -10.5% Alloc. of Admin. Serv. Expenses 7 7 8 7 (1) -12.5% 9 9 Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (23) (27) (4) -17.4% (32) (27) 5 15.6% (28) (30) (2) -7.1% 58

GRANTS - CITY WIDE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 313 67.2% This Year s Actual vs. Last Year s Actual 177 53.6% Current Estimate vs. Budget 237 48.1% 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

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 372 122 (250) -67.2% 265 122 (143) -54.0% 394 204 (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. 23 8 (15) -65.2% 16 8 (8) -50.0% 25 14 (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 405 133 (272) -67.2% 287 133 (154) -53.7% 429 223 (206) -48.0% Increase/(Decrease) in Net Assets from Operations (405) (133) 272 67.2% (287) (133) 154 53.7% (429) (223) 206 48.0% Alloc. of Admin. Serv. Expenses 61 20 (41) -67.2% 43 20 (23) -53.5% 64 33 (31) -48.4% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (466) (153) 313 67.2% (330) (153) 177 53.6% (493) (256) 237 48.1% 60

LAKEFRONT FESTIVAL Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 78 48.8% This Year s Actual vs. Last Year s Actual 39 32.2% Current Estimate vs. Budget 54 29.8% 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

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 2 2 100.0% 2 2 2 2 100.0% Sales Gain (Loss) on Fixed Asset Disposals Other Income 2 (2) -100.0% 2 2 Package Plan Allocation Total Income 2 2 2 2 2 4 2 100.0% Expenses: Salary & Wages 1 (1) -100.0% 1 (1) -100.0% 1 1 Annual Performance Incentives Contract Labor 2 (2) -100.0% 2 2 Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses 37 2 (35) -94.6% 35 2 (33) -94.3% 37 15 (22) -59.5% Insurance Fees 85 66 (19) -22.4% 63 66 3 4.8% 100 80 (20) -20.0% Rentals 3 (3) -100.0% 3 3 Taxes Utilities Repairs & Maintenance 2 (2) -100.0% 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 141 73 (68) -48.2% 107 73 (34) -31.8% 159 114 (45) -28.3% Increase/(Decrease) in Net Assets from Operations (139) (71) 68 48.9% (105) (71) 34 32.4% (157) (110) 47 29.9% Alloc. of Admin. Serv. Expenses 21 11 (10) -47.6% 16 11 (5) -31.3% 24 17 (7) -29.2% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (160) (82) 78 48.8% (121) (82) 39 32.2% (181) (127) 54 29.8% 62

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 $25,000. 63

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 22 20 (2) -9.1% 19 20 1 5.3% 22 22 Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income 3 3 100.0% 4 3 (1) -25.0% 3 3 100.0% Package Plan Allocation Total Income 22 23 1 4.5% 23 23 22 25 3 13.6% Expenses: Salary & Wages 47 50 3 6.4% 45 50 5 11.1% 64 64 Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 3 3 3 3 4 4 Employee Benefits 15 14 (1) -6.7% 14 14 20 20 Cost Of Sales Operating Supplies/Expenses 27 15 (12) -44.4% 11 15 4 36.4% 30 20 (10) -33.3% Insurance 1 (1) -100.0% 1 (1) -100.0% 1 1 Fees 14 23 9 64.3% 32 23 (9) -28.1% 15 23 8 53.3% Rentals 2 3 1 50.0% 3 3 2 3 1 50.0% Taxes Utilities 1 (1) -100.0% Repairs & Maintenance 1 (1) -100.0% Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 7 7 7 7 9 9 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 120 117 (3) -2.5% 120 117 (3) -2.5% 151 149 (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 18 18 18 18 23 22 (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

INTENTIONALLY BLANK ` 65

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 36 36 100.0% 36 36 36 36 100.0% Rental Income 3 (3) -100.0% 4 4 Sales Gain (Loss) on Fixed Asset Disposals Other Income 14 36 22 157.1% 19 36 17 89.5% 19 36 17 89.5% 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 1,506 96 6.8% 1,449 1,506 57 3.9% 1,826 1,936 110 6.0% Annual Performance Incentives 10 10 Contract Labor Payroll Taxes 127 128 1 0.8% 127 128 1 0.8% 169 169 Employee Benefits 157 142 (15) -9.6% 158 142 (16) -10.1% 205 187 (18) -8.8% Cost Of Sales 1 (1) -100.0% 1 1 Operating Supplies/Expenses 333 304 (29) -8.7% 362 304 (58) -16.0% 418 408 (10) -2.4% Insurance 43 23 (20) -46.5% 36 23 (13) -36.1% 58 46 (12) -20.7% Fees 73 54 (19) -26.0% 65 54 (11) -16.9% 85 70 (15) -17.6% Rentals 92 60 (32) -34.8% 69 60 (9) -13.0% 114 92 (22) -19.3% Taxes 1 (1) -100.0% 1 (1) -100.0% 1 1 Utilities 42 35 (7) -16.7% 36 35 (1) -2.8% 55 55 Repairs & Maintenance 56 61 5 8.9% 42 61 19 45.2% 72 84 12 16.7% Comm.Assoc.Assess Share Depreciation 7 9 2 28.6% 5 9 4 80.0% 9 11 2 22.2% Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 143 151 8 5.6% 141 151 10 7.1% 193 210 17 8.8% Alloc. of Prod./Welcome Ctr.& Com. Engagement 63 48 (15) -23.8% 54 48 (6) -11.1% 80 75 (5) -6.3% Total Operating Expenses 2,548 2,521 (27) -1.1% 2,545 2,521 (24) -0.9% 3,296 3,355 59 1.8% Increase/(Decrease) in Net Assets from Operations 151 127 (24) -15.9% 133 127 (6) -4.5% 436 326 (110) -25.2% Alloc. of Admin. Serv. Expenses 425 411 (14) -3.3% 418 411 (7) -1.7% 552 552 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

CAMPS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget (283) -164.5% This Year s Actual vs. Last Year s Actual (63) -16.1% Current Estimate vs. Budget (277) -110.4% 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

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 473 215 (258) -54.5% 330 215 (115) -34.8% 475 215 (260) -54.7% Memberships Fees 17 17 100.0% 23 17 (6) -26.1% 17 17 100.0% Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 473 232 (241) -51.0% 353 232 (121) -34.3% 475 232 (243) -51.2% Expenses: Salary & Wages 297 335 38 12.8% 367 335 (32) -8.7% 332 372 40 12.0% Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 26 30 4 15.4% 34 30 (4) -11.8% 30 30 Employee Benefits 22 27 5 22.7% 38 27 (11) -28.9% 25 27 2 8.0% Cost Of Sales Operating Supplies/Expenses 72 61 (11) -15.3% 63 61 (2) -3.2% 80 70 (10) -12.5% Insurance 10 5 (5) -50.0% 8 5 (3) -37.5% 13 10 (3) -23.1% Fees 36 24 (12) -33.3% 28 24 (4) -14.3% 37 24 (13) -35.1% Rentals 37 38 1 2.7% 39 38 (1) -2.6% 40 38 (2) -5.0% Taxes Utilities 4 4 6 4 (2) -33.3% 5 5 Repairs & Maintenance 9 23 14 155.6% 12 23 11 91.7% 11 23 12 109.1% Comm.Assoc.Assess Share Depreciation 3 3 3 3 4 4 Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 31 36 5 16.1% 36 36 37 41 4 10.8% Alloc. of Prod./Welcome Ctr.& Com. Engagement 14 11 (3) -21.4% 14 11 (3) -21.4% 15 15 Total Operating Expenses 561 597 36 6.4% 648 597 (51) -7.9% 631 661 30 4.8% Increase/(Decrease) in Net Assets from Operations (88) (365) (277) -314.8% (295) (365) (70) -23.7% (156) (429) (273) -175.0% Alloc. of Admin. Serv. Expenses 84 90 6 7.1% 97 90 (7) -7.2% 95 99 4 4.2% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (172) (455) (283) -164.5% (392) (455) (63) -16.1% (251) (528) (277) -110.4% 68

SCHOOL AGE SERVICES Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 231 126.9% This Year s Actual vs. Last Year s Actual 54 15.0% Current Estimate vs. Budget 158 30.6% 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

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 2,350 146 6.6% 2,288 2,350 62 2.7% 3,229 3,379 150 4.6% Memberships Fees 19 19 100.0% 13 19 6 46.2% 19 19 100.0% Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income 14 (14) -100.0% Package Plan Allocation Total Income 2,204 2,369 165 7.5% 2,315 2,369 54 2.3% 3,229 3,398 169 5.2% Expenses: Salary & Wages 995 1,057 62 6.2% 981 1,057 76 7.7% 1,336 1,406 70 5.2% Annual Performance Incentives 5 5 Contract Labor Payroll Taxes 90 89 (1) -1.1% 84 89 5 6.0% 124 124 Employee Benefits 121 103 (18) -14.9% 108 103 (5) -4.6% 161 141 (20) -12.4% Cost Of Sales Operating Supplies/Expenses 232 225 (7) -3.0% 284 225 (59) -20.8% 300 300 Insurance 29 15 (14) -48.3% 24 15 (9) -37.5% 39 30 (9) -23.1% Fees 26 10 (16) -61.5% 17 10 (7) -41.2% 34 24 (10) -29.4% Rentals 55 22 (33) -60.0% 26 22 (4) -15.4% 74 54 (20) -27.0% Taxes Utilities 18 13 (5) -27.8% 12 13 1 8.3% 24 24 Repairs & Maintenance 13 4 (9) -69.2% 4 4 17 17 Comm.Assoc.Assess Share Depreciation 3 3 2 3 1 50.0% 4 3 (1) -25.0% Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 97 100 3 3.1% 92 100 8 8.7% 135 146 11 8.1% Alloc. of Prod./Welcome Ctr.& Com. Engagement 42 32 (10) -23.8% 35 32 (3) -8.6% 56 52 (4) -7.1% Total Operating Expenses 1,721 1,673 (48) -2.8% 1,669 1,673 4 0.2% 2,309 2,326 17 0.7% Increase/(Decrease) in Net Assets from Operations 483 696 213 44.1% 646 696 50 7.7% 920 1,072 152 16.5% Alloc. of Admin. Serv. Expenses 301 283 (18) -6.0% 287 283 (4) -1.4% 404 398 (6) -1.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 182 413 231 126.9% 359 413 54 15.0% 516 674 158 30.6% 70

YOUTH AND TEEN CENTER AT THE BARN Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 42 14.8% This Year s Actual vs. Last Year s Actual 10 4.0% 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 14. 71

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 5 11 6 120.0% 5 11 6 120.0% 5 11 6 120.0% Memberships Fees Rental Income 3 (3) -100.0% 4 4 Sales Gain (Loss) on Fixed Asset Disposals Other Income 14 36 22 157.1% 5 36 31 620.0% 19 36 17 89.5% Package Plan Allocation Total Income 22 47 25 113.6% 10 47 37 370.0% 28 51 23 82.1% Expenses: Salary & Wages 118 114 (4) -3.4% 101 114 13 12.9% 158 158 Annual Performance Incentives 3 3 Contract Labor Payroll Taxes 11 9 (2) -18.2% 9 9 15 15 Employee Benefits 14 12 (2) -14.3% 12 12 19 19 Cost Of Sales 1 (1) -100.0% 1 1 Operating Supplies/Expenses 29 18 (11) -37.9% 15 18 3 20.0% 38 38 Insurance 4 3 (1) -25.0% 4 3 (1) -25.0% 6 6 Fees 11 20 9 81.8% 20 20 14 22 8 57.1% Rentals 4 (4) -100.0% Taxes 1 (1) -100.0% 1 (1) -100.0% 1 1 Utilities 20 18 (2) -10.0% 18 18 26 26 Repairs & Maintenance 34 34 26 34 8 30.8% 44 44 Comm.Assoc.Assess Share Depreciation 1 3 2 200.0% 3 3 100.0% 1 4 3 300.0% Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 15 15 13 15 2 15.4% 21 23 2 9.5% Alloc. of Prod./Welcome Ctr.& Com. Engagement 7 5 (2) -28.6% 5 5 9 8 (1) -11.1% Total Operating Expenses 266 251 (15) -5.6% 228 251 23 10.1% 356 368 12 3.4% Increase/(Decrease) in Net Assets from Operations (244) (204) 40 16.4% (218) (204) 14 6.4% (328) (317) 11 3.4% Alloc. of Admin. Serv. Expenses 40 38 (2) -5.0% 34 38 4 11.8% 53 55 2 3.8% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (284) (242) 42 14.8% (252) (242) 10 4.0% (381) (372) 9 2.4% 72

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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 2 2 100.0% 2 2 2 2 100.0% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 2 2 100.0% 2 2 2 2 100.0% Expenses: Salary & Wages 771 761 (10) -1.3% 751 761 10 1.3% 1,024 1,024 Annual Performance Incentives 13 13 Contract Labor Payroll Taxes 60 59 (1) -1.7% 61 59 (2) -3.3% 79 79 Employee Benefits 129 117 (12) -9.3% 126 117 (9) -7.1% 171 171 Cost Of Sales Operating Supplies/Expenses 744 935 191 25.7% 813 935 122 15.0% 993 1,250 257 25.9% Insurance Fees 246 223 (23) -9.3% 77 223 146 189.6% 327 340 13 4.0% Rentals 58 61 3 5.2% 58 61 3 5.2% 78 78 Taxes 1 1 1 1 1 1 Utilities 8 10 2 25.0% 7 10 3 42.9% 10 10 Repairs & Maintenance 14 16 2 14.3% 11 16 5 45.5% 17 17 Comm.Assoc.Assess Share Depreciation 2 2 2 2 2 2 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 2 2 100.0% 2 2 2 2 100.0% Increase/(Decrease) in Net Assets from Operations Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 74

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

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 2 2 100.0% 2 2 2 2 100.0% Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 2 2 100.0% 2 2 2 2 100.0% Expenses: Salary & Wages 241 251 10 4.1% 235 251 16 6.8% 321 321 Annual Performance Incentives 5 5 Contract Labor Payroll Taxes 19 19 19 19 25 25 Employee Benefits 31 41 10 32.3% 49 41 (8) -16.3% 41 41 Cost Of Sales Operating Supplies/Expenses 19 9 (10) -52.6% 15 9 (6) -40.0% 25 25 Insurance Fees 8 (8) -100.0% 10 10 Rentals 1 1 1 1 100.0% 2 2 Taxes Utilities Repairs & Maintenance 1 (1) -100.0% 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 2 2 100.0% 2 2 2 2 100.0% Increase/(Decrease) in Net Assets from Operations Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets 76

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

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 2,010 117 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 (18) -0.2% 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 530 510 (20) -3.8% 516 510 (6) -1.2% 703 703 Annual Performance Incentives 8 8 Contract Labor Payroll Taxes 41 40 (1) -2.4% 42 40 (2) -4.8% 54 54 Employee Benefits 98 76 (22) -22.4% 77 76 (1) -1.3% 130 130 Cost Of Sales Operating Supplies/Expenses 725 926 201 27.7% 798 926 128 16.0% 968 1,225 257 26.5% Insurance Fees 238 223 (15) -6.3% 77 223 146 189.6% 317 330 13 4.1% Rentals 57 60 3 5.3% 58 60 2 3.4% 76 76 Taxes 1 1 100.0% 1 1 100.0% 1 1 100.0% Utilities 8 10 2 25.0% 7 10 3 42.9% 10 10 Repairs & Maintenance 13 16 3 23.1% 11 16 5 45.5% 16 16 Comm.Assoc.Assess Share Depreciation 2 2 2 2 2 2 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 13,084 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% 78

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

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) 18 0.2% (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

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 61 120 59 96.7% 133 120 (13) -9.8% 81 128 47 58.0% Rental Income 71 117 46 64.8% 200 117 (83) -41.5% 93 143 50 53.8% Sales 7 5 (2) -28.6% 5 5 9 6 (3) -33.3% Gain (Loss) on Fixed Asset Disposals 96 96 100.0% 96 96 100.0% 96 96 100.0% Other Income 205 333 128 62.4% 207 333 126 60.9% 274 371 97 35.4% Package Plan Allocation Total Income 344 671 327 95.1% 545 671 126 23.1% 457 744 287 62.8% 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 29 29 Contract Labor 25 25 100.0% 25 25 100.0% 34 34 100.0% Payroll Taxes 188 181 (7) -3.7% 180 181 1 0.6% 249 245 (4) -1.6% Employee Benefits 694 544 (150) -21.6% 628 544 (84) -13.4% 922 778 (144) -15.6% Cost Of Sales Operating Supplies/Expenses 536 354 (182) -34.0% 400 354 (46) -11.5% 711 598 (113) -15.9% Insurance 232 179 (53) -22.8% 201 179 (22) -10.9% 310 302 (8) -2.6% Fees 860 487 (373) -43.4% 541 487 (54) -10.0% 1,135 880 (255) -22.5% Rentals 195 101 (94) -48.2% 121 101 (20) -16.5% 259 189 (70) -27.0% Taxes 19 8 (11) -57.9% 15 8 (7) -46.7% 27 27 Utilities 93 63 (30) -32.3% 63 63 123 104 (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 2,597 412 18.9% 3,776 3,668 (108) -2.9% Interest Expense Allocation 626 566 (60) -9.6% 408 566 158 38.7% 831 833 2 0.2% Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement 257 170 (87) -33.9% 187 170 (17) -9.1% 339 291 (48) -14.2% Total Operating Expenses 10,473 8,945 (1,528) -14.6% 8,718 8,945 227 2.6% 13,962 13,036 (926) -6.6% Increase/(Decrease) in Net Assets from Operations (10,129) (8,274) 1,855 18.3% (8,173) (8,274) (101) -1.2% (13,505) (12,292) 1,213 9.0% Alloc. of Admin. Serv. Expenses 1,570 1,343 (227) -14.5% 1,308 1,343 35 2.7% 2,094 1,954 (140) -6.7% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (11,699) (9,617) 2,082 17.8% (9,481) (9,617) (136) -1.4% (15,599) (14,246) 1,353 8.7% 81

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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 23 38 15 65.2% 86 38 (48) -55.8% 30 38 8 26.7% Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income 88 127 39 44.3% 22 127 105 477.3% 117 151 34 29.1% Package Plan Allocation Total Income 111 165 54 48.6% 108 165 57 52.8% 147 189 42 28.6% Expenses: Salary & Wages 368 370 2 0.5% 384 370 (14) -3.6% 489 489 Annual Performance Incentives 12 12 Contract Labor Payroll Taxes 28 26 (2) -7.1% 27 26 (1) -3.7% 36 36 Employee Benefits 60 51 (9) -15.0% 55 51 (4) -7.3% 78 76 (2) -2.6% Cost Of Sales Operating Supplies/Expenses 68 21 (47) -69.1% 21 21 89 73 (16) -18.0% Insurance 9 4 (5) -55.6% 54 4 (50) -92.6% 12 12 Fees 129 37 (92) -71.3% 73 37 (36) -49.3% 160 125 (35) -21.9% Rentals 15 9 (6) -40.0% 9 9 19 20 1 5.3% Taxes Utilities 4 1 (3) -75.0% 1 1 6 6 Repairs & Maintenance 153 188 35 22.9% 240 188 (52) -21.7% 202 238 36 17.8% Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement 16 11 (5) -31.3% 19 11 (8) -42.1% 21 20 (1) -4.8% Total Operating Expenses 850 718 (132) -15.5% 882 718 (164) -18.6% 1,124 1,107 (17) -1.5% Increase/(Decrease) in Net Assets from Operations (739) (553) 186 25.2% (774) (553) 221 28.6% (977) (918) 59 6.0% Alloc. of Admin. Serv. Expenses 127 108 (19) -15.0% 132 108 (24) -18.2% 168 165 (3) -1.8% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (866) (661) 205 23.7% (906) (661) 245 27.0% (1,145) (1,083) 62 5.4% 83

COMMUNITY BUILDING ADMINISTRATION Amount % Alloc. of Division's Admin. Year-to-Date Actual vs. Budget 46 22.0% This Year s Actual vs. Last Year s Actual (104) -176.3% Current Estimate vs. Budget 33 11.7% 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

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 122 113 (9) -7.4% 37 113 76 205.4% 162 152 (10) -6.2% Annual Performance Incentives 5 5 Contract Labor Payroll Taxes 8 7 (1) -12.5% 2 7 5 250.0% 10 9 (1) -10.0% Employee Benefits 21 19 (2) -9.5% 5 19 14 280.0% 28 26 (2) -7.1% Cost Of Sales Operating Supplies/Expenses 14 8 (6) -42.9% 5 8 3 60.0% 18 18 Insurance 9 4 (5) -55.6% 8 4 (4) -50.0% 12 12 Fees 30 11 (19) -63.3% 11 11 100.0% 40 20 (20) -50.0% Rentals 3 (3) -100.0% 4 4 Taxes Utilities 1 (1) -100.0% 1 1 Repairs & Maintenance 1 1 2 1 (1) -50.0% 1 1 Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. (209) (163) 46 22.0% (59) (163) (104) -176.3% (281) (248) 33 11.7% 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

LANDSCAPE SERVICES Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 62 33.7% This Year s Actual vs. Last Year s Actual (12) -10.9% Current Estimate vs. Budget 31 12.5% No line-item variance over 25 percent and $25,000. 86

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 61 61 63 61 (2) -3.2% 82 82 Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 4 5 1 25.0% 5 5 6 7 1 16.7% Employee Benefits 11 11 14 11 (3) -21.4% 14 14 Cost Of Sales Operating Supplies/Expenses 5 2 (3) -60.0% (1) 2 3 300.0% 6 5 (1) -16.7% Insurance 6 (6) -100.0% Fees 19 (19) -100.0% 25 20 (5) -20.0% Rentals 2 1 (1) -50.0% 1 1 3 3 Taxes Utilities 1 (1) -100.0% 1 1 Repairs & Maintenance 15 (15) -100.0% 19 10 (9) -47.4% Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 39 24 (15) -38.5% 6 24 18 300.0% 54 42 (12) -22.2% Alloc. of Prod./Welcome Ctr.& Com. Engagement 3 2 (1) -33.3% 2 2 4 3 (1) -25.0% Total Operating Expenses 160 106 (54) -33.8% 96 106 10 10.4% 216 189 (27) -12.5% Increase/(Decrease) in Net Assets from Operations (160) (106) 54 33.8% (96) (106) (10) -10.4% (216) (189) 27 12.5% Alloc. of Admin. Serv. Expenses 24 16 (8) -33.3% 14 16 2 14.3% 32 28 (4) -12.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (184) (122) 62 33.7% (110) (122) (12) -10.9% (248) (217) 31 12.5% 87

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 14 9.1% 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

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 63 76 13 20.6% 68 76 8 11.8% 83 93 10 12.0% Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 6 4 (2) -33.3% 3 4 1 33.3% 7 7 Employee Benefits 16 11 (5) -31.3% 9 11 2 22.2% 21 21 Cost Of Sales Operating Supplies/Expenses Insurance 40 (40) -100.0% Fees Rentals 2 1 (1) -50.0% 1 1 2 2 Taxes Utilities 2 (2) -100.0% 3 3 Repairs & Maintenance 1 (1) -100.0% Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 30 28 (2) -6.7% 9 28 19 211.1% 40 38 (2) -5.0% Alloc. of Prod./Welcome Ctr.& Com. Engagement 2 2 3 2 (1) -33.3% 3 3 Total Operating Expenses 121 122 1 0.8% 134 122 (12) -9.0% 161 169 8 5.0% Increase/(Decrease) in Net Assets from Operations (121) (122) (1) -0.8% (134) (122) 12 9.0% (161) (169) (8) -5.0% Alloc. of Admin. Serv. Expenses 18 18 20 18 (2) -10.0% 24 25 1 4.2% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (139) (140) (1) -0.7% (154) (140) 14 9.1% (185) (194) (9) -4.9% 89

WATERSHED MANAGEMENT Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 68 17.9% This Year s Actual vs. Last Year s Actual 61 16.4% Current Estimate vs. Budget 31 6.0% 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

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 23 38 15 65.2% 86 38 (48) -55.8% 30 38 8 26.7% Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income 88 123 35 39.8% 22 123 101 459.1% 117 147 30 25.6% Package Plan Allocation Total Income 111 161 50 45.0% 108 161 53 49.1% 147 185 38 25.9% Expenses: Salary & Wages 76 77 1 1.3% 84 77 (7) -8.3% 101 101 Annual Performance Incentives 3 3 Contract Labor Payroll Taxes 6 6 7 6 (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% 5 8 3 60.0% 49 34 (15) -30.6% Insurance Fees 45 23 (22) -48.9% 37 23 (14) -37.8% 60 50 (10) -16.7% Rentals 5 3 (2) -40.0% 3 3 7 7 Taxes Utilities 1 1 100.0% 1 1 100.0% 1 1 Repairs & Maintenance 137 187 50 36.5% 237 187 (50) -21.1% 182 227 45 24.7% Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 105 93 (12) -11.4% 28 93 65 232.1% 144 130 (14) -9.7% Alloc. of Prod./Welcome Ctr.& Com. Engagement 8 6 (2) -25.0% 9 6 (3) -33.3% 11 11 Total Operating Expenses 426 410 (16) -3.8% 417 410 (7) -1.7% 575 581 6 1.0% Increase/(Decrease) in Net Assets from Operations (315) (249) 66 21.0% (309) (249) 60 19.4% (428) (396) 32 7.5% Alloc. of Admin. Serv. Expenses 64 62 (2) -3.1% 63 62 (1) -1.6% 86 87 1 1.2% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (379) (311) 68 17.9% (372) (311) 61 16.4% (514) (483) 31 6.0% 91

COMMUNITY PLANNING Increase/(Decrease) in Net Assets Amount % Year-to-Date Actual vs. Budget 76 46.3% This Year s Actual vs. Last Year s Actual 182 67.4% 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

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 4 4 100.0% 4 4 100.0% 4 4 100.0% Package Plan Allocation Total Income 4 4 100.0% 4 4 100.0% 4 4 100.0% Expenses: Salary & Wages 46 43 (3) -6.5% 132 43 (89) -67.4% 61 61 Annual Performance Incentives Contract Labor Payroll Taxes 4 4 10 4 (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% 16 16 Insurance Fees 35 3 (32) -91.4% 36 3 (33) -91.7% 35 35 Rentals 3 4 1 33.3% 4 4 3 4 1 33.3% Taxes Utilities Repairs & Maintenance Comm.Assoc.Assess Share Depreciation Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. 35 18 (17) -48.6% 16 18 2 12.5% 43 38 (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 143 80 (63) -44.1% 235 80 (155) -66.0% 172 168 (4) -2.3% Increase/(Decrease) in Net Assets from Operations (143) (76) 67 46.9% (235) (76) 159 67.7% (172) (164) 8 4.7% Alloc. of Admin. Serv. Expenses 21 12 (9) -42.9% 35 12 (23) -65.7% 26 25 (1) -3.8% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (164) (88) 76 46.3% (270) (88) 182 67.4% (198) (189) 9 4.5% 93

INTENTIONALLY BLANK ` 94

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 38 82 44 115.8% 47 82 35 74.5% 51 90 39 76.5% Rental Income 71 117 46 64.8% 200 117 (83) -41.5% 93 143 50 53.8% Sales 7 5 (2) -28.6% 5 5 9 6 (3) -33.3% Gain (Loss) on Fixed Asset Disposals 96 96 100.0% 96 96 100.0% 96 96 100.0% Other Income 117 206 89 76.1% 185 206 21 11.4% 157 220 63 40.1% Package Plan Allocation Total Income 233 506 273 117.2% 437 506 69 15.8% 310 555 245 79.0% 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 17 17 Contract Labor 25 25 100.0% 25 25 100.0% 34 34 100.0% Payroll Taxes 160 155 (5) -3.1% 153 155 2 1.3% 213 209 (4) -1.9% Employee Benefits 634 493 (141) -22.2% 573 493 (80) -14.0% 844 702 (142) -16.8% Cost Of Sales Operating Supplies/Expenses 468 333 (135) -28.8% 379 333 (46) -12.1% 622 525 (97) -15.6% Insurance 223 175 (48) -21.5% 147 175 28 19.0% 298 290 (8) -2.7% Fees 731 450 (281) -38.4% 468 450 (18) -3.8% 975 755 (220) -22.6% Rentals 180 92 (88) -48.9% 112 92 (20) -17.9% 240 169 (71) -29.6% Taxes 19 8 (11) -57.9% 15 8 (7) -46.7% 27 27 Utilities 89 62 (27) -30.3% 63 62 (1) -1.6% 117 98 (19) -16.2% Repairs & Maintenance 979 899 (80) -8.2% 945 899 (46) -4.9% 1,304 1,237 (67) -5.1% Comm.Assoc.Assess Share Depreciation 2,831 2,597 (234) -8.3% 2,185 2,597 412 18.9% 3,776 3,668 (108) -2.9% Interest Expense Allocation 626 566 (60) -9.6% 408 566 158 38.7% 831 833 2 0.2% Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement 241 159 (82) -34.0% 168 159 (9) -5.4% 318 271 (47) -14.8% Total Operating Expenses 9,623 8,227 (1,396) -14.5% 7,836 8,227 391 5.0% 12,838 11,929 (909) -7.1% Increase/(Decrease) in Net Assets from Operations (9,390) (7,721) 1,669 17.8% (7,399) (7,721) (322) -4.4% (12,528) (11,374) 1,154 9.2% Alloc. of Admin. Serv. Expenses 1,443 1,235 (208) -14.4% 1,176 1,235 59 5.0% 1,926 1,789 (137) -7.1% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (10,833) (8,956) 1,877 17.3% (8,575) (8,956) (381) -4.4% (14,454) (13,163) 1,291 8.9% 95

OPEN SPACE MANAGEMENT ADMINISTRATION Amount % Alloc. of Division's Admin. Year-to-Date Actual vs. Budget 24 6.5% 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

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 258 238 (20) -7.8% 251 238 (13) -5.2% 344 334 (10) -2.9% Annual Performance Incentives 9 9 Contract Labor 25 25 100.0% 25 25 100.0% 34 34 100.0% Payroll Taxes 21 18 (3) -14.3% 20 18 (2) -10.0% 28 24 (4) -14.3% Employee Benefits 51 41 (10) -19.6% 46 41 (5) -10.9% 67 55 (12) -17.9% Cost Of Sales Operating Supplies/Expenses 21 13 (8) -38.1% 14 13 (1) -7.1% 28 22 (6) -21.4% Insurance 4 2 (2) -50.0% 4 2 (2) -50.0% 5 5 Fees 1 1 100.0% 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) -100.0% 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) 24 6.5% (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

LAND MAINTENANCE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 1,870 17.3% This Year s Actual vs. Last Year s Actual (380) -4.4% Current Estimate vs. Budget 1,292 9.0% 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

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 38 82 44 115.8% 47 82 35 74.5% 51 90 39 76.5% Rental Income 13 59 46 353.8% 138 59 (79) -57.2% 17 65 48 282.4% Sales 7 5 (2) -28.6% 5 5 9 6 (3) -33.3% Gain (Loss) on Fixed Asset Disposals 96 96 100.0% 96 96 100.0% 96 96 100.0% Other Income 117 206 89 76.1% 185 206 21 11.4% 157 220 63 40.1% Package Plan Allocation Total Income 175 448 273 156.0% 375 448 73 19.5% 234 477 243 103.8% Expenses: Salary & Wages 2,182 1,975 (207) -9.5% 1,967 1,975 8 0.4% 2,909 2,759 (150) -5.2% Annual Performance Incentives 8 8 Contract Labor Payroll Taxes 139 137 (2) -1.4% 133 137 4 3.0% 185 185 Employee Benefits 583 452 (131) -22.5% 527 452 (75) -14.2% 777 647 (130) -16.7% Cost Of Sales Operating Supplies/Expenses 444 320 (124) -27.9% 362 320 (42) -11.6% 591 500 (91) -15.4% Insurance 218 172 (46) -21.1% 142 172 30 21.1% 291 283 (8) -2.7% Fees 713 433 (280) -39.3% 459 433 (26) -5.7% 950 730 (220) -23.2% Rentals 168 86 (82) -48.8% 105 86 (19) -18.1% 224 159 (65) -29.0% Taxes 13 6 (7) -53.8% 9 6 (3) -33.3% 18 18 Utilities 74 52 (22) -29.7% 54 52 (2) -3.7% 99 84 (15) -15.2% Repairs & Maintenance 959 877 (82) -8.6% 916 877 (39) -4.3% 1,278 1,208 (70) -5.5% Comm.Assoc.Assess Share Depreciation 2,817 2,578 (239) -8.5% 2,168 2,578 410 18.9% 3,757 3,642 (115) -3.1% Interest Expense Allocation 620 560 (60) -9.7% 402 560 158 39.3% 823 825 2 0.2% Alloc. of Selling Expenses Alloc. of Division's Admin. 366 341 (25) -6.8% 342 341 (1) -0.3% 496 492 (4) -0.8% Alloc. of Prod./Welcome Ctr.& Com. Engagement 239 157 (82) -34.3% 166 157 (9) -5.4% 315 269 (46) -14.6% Total Operating Expenses 9,535 8,146 (1,389) -14.6% 7,752 8,146 394 5.1% 12,721 11,809 (912) -7.2% Increase/(Decrease) in Net Assets from Operations (9,360) (7,698) 1,662 17.8% (7,377) (7,698) (321) -4.4% (12,487) (11,332) 1,155 9.2% Alloc. of Admin. Serv. Expenses 1,430 1,222 (208) -14.5% 1,163 1,222 59 5.1% 1,908 1,771 (137) -7.2% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (10,790) (8,920) 1,870 17.3% (8,540) (8,920) (380) -4.4% (14,395) (13,103) 1,292 9.0% 99

RV PARK Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 17 850.0% This Year s Actual vs. Last Year s Actual (1) -6.3% Current Estimate vs. Budget 8 200.0% No line-item variance over 25 percent and $25,000. 100

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 54 58 4 7.4% 62 58 (4) -6.5% 72 74 2 2.8% Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 54 58 4 7.4% 62 58 (4) -6.5% 72 74 2 2.8% Expenses: Salary & Wages 2 (2) -100.0% 2 (2) -100.0% 3 1 (2) -66.7% Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses 1 (1) -100.0% 1 1 Insurance 1 1 1 1 1 1 Fees 1 (1) -100.0% 1 1 Rentals 1 (1) -100.0% 1 1 Taxes 6 2 (4) -66.7% 6 2 (4) -66.7% 9 9 Utilities 12 9 (3) -25.0% 8 9 1 12.5% 15 11 (4) -26.7% Repairs & Maintenance 3 1 (2) -66.7% 1 1 4 4 Comm.Assoc.Assess Share Depreciation 14 16 2 14.3% 14 16 2 14.3% 19 21 2 10.5% Interest Expense Allocation 5 5 5 5 7 7 Alloc. of Selling Expenses Alloc. of Division's Admin. 2 2 2 2 3 3 Alloc. of Prod./Welcome Ctr.& Com. Engagement 1 1 1 1 2 1 (1) -50.0% Total Operating Expenses 49 37 (12) -24.5% 40 37 (3) -7.5% 66 61 (5) -7.6% Increase/(Decrease) in Net Assets from Operations 5 21 16 320.0% 22 21 (1) -4.5% 6 13 7 116.7% Alloc. of Admin. Serv. Expenses 7 6 (1) -14.3% 6 6 10 9 (1) -10.0% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (2) 15 17 850.0% 16 15 (1) -6.3% (4) 4 8 200.0% 101

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 $25,000. 102

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) -100.0% 4 4 Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 4 (4) -100.0% 4 4 Expenses: Salary & Wages Annual Performance Incentives Contract Labor Payroll Taxes Employee Benefits Cost Of Sales Operating Supplies/Expenses 2 (2) -100.0% 3 (3) -100.0% 2 2 Insurance 1 1 Fees 17 16 (1) -5.9% 7 16 9 128.6% 23 23 Rentals Taxes Utilities 2 1 (1) -50.0% 1 1 2 2 Repairs & Maintenance 15 20 5 33.3% 26 20 (6) -23.1% 19 22 3 15.8% Comm.Assoc.Assess Share Depreciation 3 3 100.0% 3 3 5 5 100.0% Interest Expense Allocation 1 1 1 1 1 1 Alloc. of Selling Expenses Alloc. of Division's Admin. 1 2 1 100.0% 2 2 2 2 Alloc. of Prod./Welcome Ctr.& Com. Engagement 1 1 1 1 1 1 Total Operating Expenses 39 44 5 12.8% 44 44 51 59 8 15.7% Increase/(Decrease) in Net Assets from Operations (35) (44) (9) -25.7% (44) (44) (47) (55) (8) -17.0% Alloc. of Admin. Serv. Expenses 6 7 1 16.7% 7 7 8 9 1 12.5% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (41) (51) (10) -24.4% (51) (51) (55) (64) (9) -16.4% 103

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 60 44 (16) -26.7% 49 44 (5) -10.2% 80 80 Package Plan Allocation Total Income 60 44 (16) -26.7% 49 44 (5) -10.2% 80 80 Expenses: Salary & Wages 608 504 (104) -17.1% 477 504 27 5.7% 810 720 (90) -11.1% Annual Performance Incentives 22 22 Contract Labor Payroll Taxes 40 36 (4) -10.0% 38 36 (2) -5.3% 54 52 (2) -3.7% Employee Benefits 71 73 2 2.8% 89 73 (16) -18.0% 95 95 Cost Of Sales Operating Supplies/Expenses 64 59 (5) -7.8% 54 59 5 9.3% 85 91 6 7.1% Insurance 1 1 1 1 2 2 Fees 1 7 6 600.0% 5 7 2 40.0% 1 4 3 300.0% Rentals 8 6 (2) -25.0% 8 6 (2) -25.0% 11 11 Taxes Utilities 2 5 3 150.0% 6 5 (1) -16.7% 2 5 3 150.0% Repairs & Maintenance 1 14 13 1300.0% 10 14 4 40.0% 1 15 14 1400.0% Comm.Assoc.Assess Share Depreciation 1 2 1 100.0% 1 2 1 100.0% 1 2 1 100.0% Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement 21 14 (7) -33.3% 16 14 (2) -12.5% 29 24 (5) -17.2% Total Operating Expenses 818 721 (97) -11.9% 705 721 16 2.3% 1,113 1,043 (70) -6.3% Increase/(Decrease) in Net Assets from Operations (758) (677) 81 10.7% (656) (677) (21) -3.2% (1,033) (963) 70 6.8% Alloc. of Admin. Serv. Expenses 122 107 (15) -12.3% 106 107 1 0.9% 167 156 (11) -6.6% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (880) (784) 96 10.9% (762) (784) (22) -2.9% (1,200) (1,119) 81 6.8% 104

CONSTRUCTION MANAGEMENT Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 91 12.7% This Year s Actual vs. Last Year s Actual (1) -0.2% Current Estimate vs. Budget 83 8.5% No line-item variance over 25 percent and $25,000. 105

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 466 373 (93) -20.0% 362 373 11 3.0% 621 531 (90) -14.5% Annual Performance Incentives 18 18 Contract Labor Payroll Taxes 28 25 (3) -10.7% 28 25 (3) -10.7% 37 35 (2) -5.4% Employee Benefits 61 61 77 61 (16) -20.8% 81 81 Cost Of Sales Operating Supplies/Expenses 46 49 3 6.5% 44 49 5 11.4% 61 67 6 9.8% Insurance Fees 4 4 100.0% 1 4 3 300.0% Rentals 3 (3) -100.0% 2 (2) -100.0% 4 4 Taxes Utilities 3 3 100.0% 4 3 (1) -25.0% 3 3 100.0% Repairs & Maintenance 14 14 100.0% 10 14 4 40.0% 14 14 100.0% Comm.Assoc.Assess Share Depreciation 1 2 1 100.0% 1 2 1 100.0% 1 2 1 100.0% Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement 16 11 (5) -31.3% 12 11 (1) -8.3% 22 18 (4) -18.2% Total Operating Expenses 621 542 (79) -12.7% 541 542 1 0.2% 845 773 (72) -8.5% Increase/(Decrease) in Net Assets from Operations (621) (542) 79 12.7% (541) (542) (1) -0.2% (845) (773) 72 8.5% Alloc. of Admin. Serv. Expenses 93 81 (12) -12.9% 81 81 127 116 (11) -8.7% Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (714) (623) 91 12.7% (622) (623) (1) -0.2% (972) (889) 83 8.5% 106

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 $25,000. 107

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 60 44 (16) -26.7% 49 44 (5) -10.2% 80 80 Package Plan Allocation Total Income 60 44 (16) -26.7% 49 44 (5) -10.2% 80 80 Expenses: Salary & Wages 87 80 (7) -8.0% 80 80 116 116 Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 7 7 7 7 10 10 Employee Benefits 7 9 2 28.6% 9 9 9 9 Cost Of Sales Operating Supplies/Expenses 11 7 (4) -36.4% 7 7 15 15 Insurance 1 1 1 1 1 1 Fees 3 3 100.0% 3 3 3 3 100.0% Rentals 5 6 1 20.0% 6 6 7 7 Taxes Utilities 1 1 1 1 1 1 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 122 116 (6) -4.9% 117 116 (1) -0.9% 165 168 3 1.8% 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 18 17 (1) -5.6% 18 17 (1) -5.6% 25 25 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

COLUMBIA COMMUNITY EXCHANGE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 14 16.3% 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 $25,000. 109

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 55 51 (4) -7.3% 35 51 16 45.7% 73 73 Annual Performance Incentives 2 2 Contract Labor Payroll Taxes 5 4 (1) -20.0% 3 4 1 33.3% 7 7 Employee Benefits 3 3 3 3 5 5 Cost Of Sales Operating Supplies/Expenses 7 3 (4) -57.1% 3 3 9 9 Insurance 1 1 Fees 1 (1) -100.0% 1 (1) -100.0% 1 1 Rentals Taxes Utilities 1 1 1 1 1 1 Repairs & Maintenance 1 (1) -100.0% 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 1 3 2 (1) -33.3% Total Operating Expenses 75 63 (12) -16.0% 47 63 16 34.0% 103 102 (1) -1.0% Increase/(Decrease) in Net Assets from Operations (75) (63) 12 16.0% (47) (63) (16) -34.0% (103) (102) 1 1.0% Alloc. of Admin. Serv. Expenses 11 9 (2) -18.2% 7 9 2 28.6% 15 15 Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (86) (72) 14 16.3% (54) (72) (18) -33.3% (118) (117) 1 0.8% 110

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COMMUNITY ENGAGEMENT BUREAU Amount % Alloc. of Community Engagement Year-to-Date Actual vs. Budget 288 43.7% This Year s Actual vs. Last Year s Actual 76 17.0% Current Estimate vs. Budget 150 17.8% 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

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 307 217 (90) -29.3% 253 217 (36) -14.2% 409 344 (65) -15.9% Annual Performance Incentives 9 9 Contract Labor 4 (4) -100.0% 5 5 Payroll Taxes 26 18 (8) -30.8% 20 18 (2) -10.0% 35 30 (5) -14.3% Employee Benefits 51 29 (22) -43.1% 43 29 (14) -32.6% 68 52 (16) -23.5% Cost Of Sales Operating Supplies/Expenses 166 61 (105) -63.3% 80 61 (19) -23.8% 199 153 (46) -23.1% Insurance Fees 79 19 (60) -75.9% 20 19 (1) -5.0% 82 60 (22) -26.8% Rentals 9 16 7 77.8% 17 16 (1) -5.9% 12 16 4 33.3% Taxes 1 (1) -100.0% 1 1 Utilities 3 3 2 3 1 50.0% 4 4 Repairs & Maintenance 6 1 (5) -83.3% 3 1 (2) -66.7% 8 8 Comm.Assoc.Assess Share Depreciation 7 7 9 7 (2) -22.2% 9 9 Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Community Engagement (659) (371) 288 43.7% (447) (371) 76 17.0% (841) (691) 150 17.8% 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

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) -100.0% (156) (156) -100.0% (156) (156) -100.0% Other Income 1 (1) -100.0% Package Plan Allocation Total Income (156) (156) -100.0% 1 (156) (157) -15700.0% (156) (156) -100.0% 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 81 81 Contract Labor 6 1 (5) -83.3% 1 1 100.0% 7 8 1 14.3% Payroll Taxes 150 131 (19) -12.7% 138 131 (7) -5.1% 206 188 (18) -8.7% Employee Benefits 284 232 (52) -18.3% 268 232 (36) -13.4% 380 326 (54) -14.2% Cost Of Sales Operating Supplies/Expenses 295 137 (158) -53.6% 183 137 (46) -25.1% 392 352 (40) -10.2% Insurance 23 19 (4) -17.4% 8 19 11 137.5% 31 31 Fees 456 155 (301) -66.0% 530 155 (375) -70.8% 608 501 (107) -17.6% Rentals 88 91 3 3.4% 85 91 6 7.1% 117 117 Taxes 9 7 (2) -22.2% 9 7 (2) -22.2% 11 11 Utilities 348 297 (51) -14.7% 313 297 (16) -5.1% 464 467 3 0.6% Repairs & Maintenance 495 449 (46) -9.3% 462 449 (13) -2.8% 659 659 Comm.Assoc.Assess Share Depreciation 524 335 (189) -36.1% 310 335 25 8.1% 699 485 (214) -30.6% Interest Expense Allocation 29 24 (5) -17.2% 14 24 10 71.4% 36 38 2 5.6% 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) 949 19.6% (4,264) (3,890) 374 8.8% (6,533) (6,004) 529 8.1% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (4,839) (3,890) 949 19.6% (4,264) (3,890) 374 8.8% (6,533) (6,004) 529 8.1% 114

PRESIDENT'S OFFICE Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 82 12.3% This Year s Actual vs. Last Year s Actual 194 25.0% Current Estimate vs. Budget 58 6.3% 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

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 461 441 (20) -4.3% 577 441 (136) -23.6% 615 595 (20) -3.3% Annual Performance Incentives 26 26 Contract Labor Payroll Taxes 24 29 5 20.8% 33 29 (4) -12.1% 39 39 Employee Benefits 55 38 (17) -30.9% 61 38 (23) -37.7% 75 58 (17) -22.7% Cost Of Sales Operating Supplies/Expenses 64 34 (30) -46.9% 49 34 (15) -30.6% 85 70 (15) -17.6% Insurance 16 11 (5) -31.3% 1 11 10 1000.0% 21 21 Fees 18 6 (12) -66.7% 16 6 (10) -62.5% 24 15 (9) -37.5% Rentals 17 14 (3) -17.6% 19 14 (5) -26.3% 22 22 Taxes Utilities 3 6 3 100.0% 3 6 3 100.0% 3 6 3 100.0% Repairs & Maintenance 4 1 (3) -75.0% 15 1 (14) -93.3% 5 5 Comm.Assoc.Assess Share Depreciation 2 2 2 2 3 3 Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses 664 582 (82) -12.3% 776 582 (194) -25.0% 918 860 (58) -6.3% Increase/(Decrease) in Net Assets from Operations (664) (582) 82 12.3% (776) (582) 194 25.0% (918) (860) 58 6.3% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (664) (582) 82 12.3% (776) (582) 194 25.0% (918) (860) 58 6.3% 116

GENERAL COUNSEL Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 232 39.6% This Year s Actual vs. Last Year s Actual 159 31.0% Current Estimate vs. Budget 137 17.4% Fees Expenses are less than Budget and the prior year due to lower than anticipated legal fees through the third quarter. 117

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 213 225 12 5.6% 206 225 19 9.2% 284 296 12 4.2% Annual Performance Incentives 8 8 Contract Labor Payroll Taxes 13 12 (1) -7.7% 11 12 1 9.1% 17 17 Employee Benefits 37 35 (2) -5.4% 36 35 (1) -2.8% 49 49 Cost Of Sales Operating Supplies/Expenses 14 13 (1) -7.1% 10 13 3 30.0% 19 19 Insurance 1 1 1 1 2 2 Fees 300 59 (241) -80.3% 241 59 (182) -75.5% 400 250 (150) -37.5% Rentals 6 6 6 6 8 8 Taxes Utilities 1 2 1 100.0% 1 2 1 100.0% 2 2 Repairs & Maintenance Comm.Assoc.Assess Share Depreciation 1 1 1 1 1 1 100.0% Interest Expense Allocation Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement Total Operating Expenses 586 354 (232) -39.6% 513 354 (159) -31.0% 789 652 (137) -17.4% Increase/(Decrease) in Net Assets from Operations (586) (354) 232 39.6% (513) (354) 159 31.0% (789) (652) 137 17.4% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (586) (354) 232 39.6% (513) (354) 159 31.0% (789) (652) 137 17.4% 118

INTERNAL AUDIT Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 11 5.6% 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 $25,000. 119

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 148 146 (2) -1.4% 143 146 3 2.1% 197 197 Annual Performance Incentives 7 7 Contract Labor Payroll Taxes 12 11 (1) -8.3% 12 11 (1) -8.3% 16 16 Employee Benefits 23 21 (2) -8.7% 22 21 (1) -4.5% 30 30 Cost Of Sales Operating Supplies/Expenses 8 3 (5) -62.5% 9 3 (6) -66.7% 10 5 (5) -50.0% Insurance Fees Rentals 5 5 4 5 1 25.0% 6 6 Taxes 1 (1) -100.0% 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 197 186 (11) -5.6% 190 186 (4) -2.1% 267 262 (5) -1.9% Increase/(Decrease) in Net Assets from Operations (197) (186) 11 5.6% (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) 11 5.6% (190) (186) 4 2.1% (267) (262) 5 1.9% 120

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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) -100.0% (156) (156) -100.0% (156) (156) -100.0% Other Income 1 (1) -100.0% Package Plan Allocation Total Income (156) (156) -100.0% 1 (156) (157) -15700.0% (156) (156) -100.0% Expenses: Salary & Wages 1,310 1,044 (266) -20.3% 1,019 1,044 25 2.5% 1,746 1,496 (250) -14.3% Annual Performance Incentives 40 40 Contract Labor 6 1 (5) -83.3% 1 1 100.0% 7 8 1 14.3% Payroll Taxes 101 79 (22) -21.8% 82 79 (3) -3.7% 134 116 (18) -13.4% Employee Benefits 169 138 (31) -18.3% 149 138 (11) -7.4% 226 189 (37) -16.4% Cost Of Sales Operating Supplies/Expenses 209 87 (122) -58.4% 115 87 (28) -24.3% 278 258 (20) -7.2% Insurance 6 7 1 16.7% 6 7 1 16.7% 8 8 Fees 138 90 (48) -34.8% 273 90 (183) -67.0% 184 236 52 28.3% Rentals 60 66 6 10.0% 56 66 10 17.9% 81 81 Taxes 8 7 (1) -12.5% 9 7 (2) -22.2% 10 10 Utilities 344 289 (55) -16.0% 309 289 (20) -6.5% 459 459 Repairs & Maintenance 491 448 (43) -8.8% 447 448 1 0.2% 654 654 Comm.Assoc.Assess Share Depreciation 521 332 (189) -36.3% 307 332 25 8.1% 696 481 (215) -30.9% Interest Expense Allocation 29 24 (5) -17.2% 14 24 10 71.4% 36 38 2 5.6% 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) 624 18.4% (2,785) (2,768) 17 0.6% (4,559) (4,230) 329 7.2% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (3,392) (2,768) 624 18.4% (2,785) (2,768) 17 0.6% (4,559) (4,230) 329 7.2% 122

HUMAN RESOURCES Increase/(Decrease) in Net Assets Amount % Year-to-Date Actual vs. Budget 273 37.2% This Year s Actual vs. Last Year s Actual (149) 47.9% Current Estimate vs. Budget 272 27.3% 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

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 556 306 (250) -45.0% 227 306 79 34.8% 741 491 (250) -33.7% Annual Performance Incentives 18 18 Contract Labor 1 1 100.0% 1 1 100.0% 1 1 100.0% Payroll Taxes 44 22 (22) -50.0% 17 22 5 29.4% 58 40 (18) -31.0% Employee Benefits 70 47 (23) -32.9% 39 47 8 20.5% 94 57 (37) -39.4% Cost Of Sales Operating Supplies/Expenses 45 18 (27) -60.0% 12 18 6 50.0% 60 40 (20) -33.3% Insurance Fees 2 50 48 2400.0% 9 50 41 455.6% 3 55 52 1733.3% Rentals 14 15 1 7.1% 6 15 9 150.0% 19 19 Taxes Utilities 2 1 (1) -50.0% 1 1 3 3 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 733 460 (273) -37.2% 311 460 149 47.9% 997 725 (272) -27.3% Increase/(Decrease) in Net Assets from Operations (733) (460) 273 37.2% (311) (460) (149) -47.9% (997) (725) 272 27.3% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (733) (460) 273 37.2% (311) (460) (149) -47.9% (997) (725) 272 27.3% 124

INFORMATION TECHNOLOGY Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 319 13.0% This Year s Actual vs. Last Year s Actual 30 1.4% Current Estimate vs. Budget 57 1.7% 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

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) -100.0% (156) (156) -100.0% (156) (156) -100.0% Other Income 1 (1) -100.0% Package Plan Allocation Total Income (156) (156) -100.0% 1 (156) (157) -15700.0% (156) (156) -100.0% Expenses: Salary & Wages 620 612 (8) -1.3% 572 612 40 7.0% 826 826 Annual Performance Incentives 18 18 Contract Labor 4 (4) -100.0% 5 5 Payroll Taxes 48 47 (1) -2.1% 45 47 2 4.4% 64 64 Employee Benefits 86 77 (9) -10.5% 77 77 114 114 Cost Of Sales Operating Supplies/Expenses 143 64 (79) -55.2% 90 64 (26) -28.9% 191 191 Insurance 6 7 1 16.7% 6 7 1 16.7% 8 8 Fees 123 36 (87) -70.7% 258 36 (222) -86.0% 164 164 Rentals 41 45 4 9.8% 41 45 4 9.8% 55 55 Taxes 8 7 (1) -12.5% 9 7 (2) -22.2% 10 10 Utilities 341 287 (54) -15.8% 307 287 (20) -6.5% 455 455 Repairs & Maintenance 491 448 (43) -8.8% 447 448 1 0.2% 654 654 Comm.Assoc.Assess Share Depreciation 521 332 (189) -36.3% 307 332 25 8.1% 695 480 (215) -30.9% Interest Expense Allocation 29 24 (5) -17.2% 14 24 10 71.4% 36 38 2 5.6% 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) 319 13.0% (2,172) (2,142) 30 1.4% (3,295) (3,238) 57 1.7% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (2,461) (2,142) 319 13.0% (2,172) (2,142) 30 1.4% (3,295) (3,238) 57 1.7% 126

TRAINING AND ORGANIZATIONAL DEVELOPMENT Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 32 16.2% This Year s Actual vs. Last Year s Actual 136 45.0% 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 2013. 127

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 134 126 (8) -6.0% 220 126 (94) -42.7% 179 179 Annual Performance Incentives 4 4 Contract Labor 2 (2) -100.0% 2 2 Payroll Taxes 9 10 1 11.1% 20 10 (10) -50.0% 12 12 Employee Benefits 13 14 1 7.7% 33 14 (19) -57.6% 18 18 Cost Of Sales Operating Supplies/Expenses 21 5 (16) -76.2% 13 5 (8) -61.5% 27 27 Insurance Fees 13 4 (9) -69.2% 6 4 (2) -33.3% 17 17 Rentals 5 6 1 20.0% 9 6 (3) -33.3% 7 7 Taxes Utilities 1 1 1 1 1 1 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 198 166 (32) -16.2% 302 166 (136) -45.0% 267 267 Increase/(Decrease) in Net Assets from Operations (198) (166) 32 16.2% (302) (166) 136 45.0% (267) (267) Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (198) (166) 32 16.2% (302) (166) 136 45.0% (267) (267) 128

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 34,934 87 0.2% 34,281 34,934 653 1.9% 34,847 34,934 87 0.2% Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income 70 104 34 48.6% 66 104 38 57.6% 94 130 36 38.3% Package Plan Allocation Total Income 34,917 35,038 121 0.3% 34,347 35,038 691 2.0% 34,941 35,064 123 0.4% 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 37 37 Contract Labor 3 3 3 3 100.0% 5 5 Payroll Taxes 93 89 (4) -4.3% 93 89 (4) -4.3% 130 125 (5) -3.8% Employee Benefits 216 204 (12) -5.6% 222 204 (18) -8.1% 291 276 (15) -5.2% Cost Of Sales Operating Supplies/Expenses 128 88 (40) -31.3% 102 88 (14) -13.7% 171 151 (20) -11.7% Insurance 31 39 8 25.8% 50 39 (11) -22.0% 42 65 23 54.8% Fees 250 188 (62) -24.8% 198 188 (10) -5.1% 334 334 Rentals 231 234 3 1.3% 219 234 15 6.8% 307 307 Taxes 9 12 3 33.3% 8 12 4 50.0% 12 12 Utilities 6 7 1 16.7% 5 7 2 40.0% 7 7 Repairs & Maintenance 7 7 4 7 3 75.0% 9 9 Comm.Assoc.Assess Share Depreciation 48 10 (38) -79.2% 80 10 (70) -87.5% 64 12 (52) -81.3% Interest Expense Allocation 13 (378) (391) -3007.7% (234) (378) (144) -61.5% 17 (532) (549) -3229.4% Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (8) (8) -100.0% (5) (8) (3) -60.0% (13) (13) -100.0% 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 33,403 784 2.4% 32,459 33,403 944 2.9% 31,831 32,715 884 2.8% Alloc. of Admin. Serv. Expenses (5,226) (4,678) 548 10.5% (4,716) (4,678) 38 0.8% (6,955) (6,537) 418 6.0% Non-Operating Exp./Contingencies 68 (68) -100.0% Increase/(Decrease) in Net Assets 37,845 38,081 236 0.6% 37,107 38,081 974 2.6% 38,786 39,252 466 1.2% 129

ACCOUNTING/PAYROLL /PURCHASING Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 265 11.6% This Year s Actual vs. Last Year s Actual 110 5.2% Current Estimate vs. Budget 199 6.4% 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 14. 130

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 37 37 Contract Labor 3 3 3 3 100.0% 5 5 Payroll Taxes 93 89 (4) -4.3% 93 89 (4) -4.3% 130 125 (5) -3.8% Employee Benefits 216 204 (12) -5.6% 222 204 (18) -8.1% 291 276 (15) -5.2% Cost Of Sales Operating Supplies/Expenses 128 88 (40) -31.3% 102 88 (14) -13.7% 171 151 (20) -11.7% Insurance 31 39 8 25.8% 50 39 (11) -22.0% 42 65 23 54.8% Fees 250 188 (62) -24.8% 198 188 (10) -5.1% 334 334 Rentals 231 234 3 1.3% 219 234 15 6.8% 307 307 Taxes 9 12 3 33.3% 8 12 4 50.0% 12 12 Utilities 6 7 1 16.7% 5 7 2 40.0% 7 7 Repairs & Maintenance 7 7 4 7 3 75.0% 9 9 Comm.Assoc.Assess Share Depreciation 47 10 (37) -78.7% 80 10 (70) -87.5% 63 11 (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) 265 11.6% (2,132) (2,022) 110 5.2% (3,096) (2,897) 199 6.4% Alloc. of Admin. Serv. Expenses Non-Operating Exp./Contingencies Increase/(Decrease) in Net Assets (2,287) (2,022) 265 11.6% (2,132) (2,022) 110 5.2% (3,096) (2,897) 199 6.4% 131

ANNUAL CHARGE Amount % Year-to-Date Actual vs. Budget 87 0.2% This Year s Actual vs. Last Year s Actual 653 1.9% Current Estimate vs. Budget 87 0.2% 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

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 34,934 87 0.2% 34,281 34,934 653 1.9% 34,847 34,934 87 0.2% Tuition & Enrollment Memberships Fees Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income 70 104 34 48.5% 66 104 38 57.6% 94 130 36 38.5% Package Plan Allocation Total Income 34,917 35,038 121 0.3% 34,347 35,038 691 2.0% 34,941 35,064 123 0.4% 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 Comm.Assoc.Assess Share Depreciation 1 (1) -100.0% 1 1 Interest Expense Allocation 10 (379) (389) -3890.0% (239) (379) (140) -58.6% 13 (536) (549) -4223.1% Alloc. of Selling Expenses Alloc. of Division's Admin. Alloc. of Prod./Welcome Ctr.& Com. Engagement (8) (8) -100.0% (5) (8) (3) -60.0% (13) (13) -100.0% Total Operating Expenses 11 (387) (398) -3618.2% (244) (387) (143) -58.6% 14 (548) (562) -4014.3% Increase/(Decrease) in Net Assets from Operations 34,906 35,425 519 1.5% 34,591 35,425 834 2.4% 34,927 35,612 685 2.0% Alloc. of Admin. Serv. Expenses 356 208 (148) -41.6% 269 208 (61) -22.7% 480 324 (156) -32.5% Non-Operating Exp./Contingencies 68 (68) -100.4% Increase/(Decrease) in Net Assets 34,550 35,217 667 1.9% 34,254 35,217 963 2.8% 34,447 35,288 841 2.4% 133

INTENTIONALLY BLANK ` 134

BOARD OF DIRECTORS Amount % Increase/(Decrease) in Net Assets Year-to-Date Actual vs. Budget 212 28.9% This Year s Actual vs. Last Year s Actual 105 16.7% Current Estimate vs. Budget 129 13.0% 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

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) -100.0% Rental Income Sales Gain (Loss) on Fixed Asset Disposals Other Income Package Plan Allocation Total Income 1 (1) -100.0% Expenses: Salary & Wages 5 3 (2) -40.0% 3 3 7 7 Annual Performance Incentives Contract Labor Payroll Taxes 1 (1) -100.0% 1 1 Employee Benefits Cost Of Sales Operating Supplies/Expenses 39 19 (20) -51.3% 21 19 (2) -9.5% 52 42 (10) -19.2% Insurance 15 14 (1) -6.7% 14 14 19 19 Fees 24 21 (3) -12.5% 56 21 (35) -62.5% 32 32 Rentals 2 2 100.0% 2 2 100.0% 2 2 100.0% Taxes Utilities Repairs & Maintenance 2 2 1 2 1 100.0% 3 3 Comm.Assoc.Assess Share Depreciation 1 1 1 1 1 2 1 100.0% 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 89 63 (26) -29.2% 98 63 (35) -35.7% 118 111 (7) -5.9% Increase/(Decrease) in Net Assets from Operations (89) (63) 26 29.2% (97) (63) 34 35.1% (118) (111) 7 5.9% Alloc. of Admin. Serv. Expenses 611 459 (152) -24.9% 530 459 (71) -13.4% 826 704 (122) -14.8% Non-Operating Exp./Contingencies 34 (34) -100.0% 45 45 Increase/(Decrease) in Net Assets (734) (522) 212 28.9% (627) (522) 105 16.7% (989) (860) 129 13.0% 136

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 2011-2015: 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 2011-2015 $ 26,427 $ 15,463 $ 4,256 $ 6,708 TOTAL $ 26,427 $ 15,463 $ 4,256 $ 6,708 137

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 RZ7 2013 TSSC Rooftop Air Conditioning Unit * RZ7-02 2013 100 100 100 99 1 01/15 CG - HVAC Unit Controllers RZ7-03 2013 10 20 20 7 10 3 04/15 Building Energy Retrofits $200K RZ8 2013 TSSC - Microturbine Design * RZ8-17 2013 22 22 22 21 1 01/15 Going Green Energy Initiatives 200K SE9 2014 TSSC - Energy Recovery & HVAC Impro* SE9-04 2014 140 120 120 118 2 01/15 Building Energy Retrofits $200K SF1 2014 TSSC - HVAC Energy Recovery SF1-01 2014 20 20 20 7 13 06/15 Art Center - HVAC Upgrade Design * SF1-05 2014 10 10 10 10 0 01/15 Stonehouse - HVAC Upgrade Design * SF1-06 2014 10 10 10 10 0 01/15 TSSC - CHP Generator Design SF1-08 2014 15 15 15 9 1 5 12/15 Haven - Interior LED Lighting SF1-10 2014 17 17 17 17 04/15 Art Center - Gallery LED Upgrade * SF1-11 2014 11 11 11 11 0 01/15 HG - Parking Lot Lights LED Retrofit SF1-12 2014 23 23 23 20 1 2 04/15 Going Green Energy Initiatives 150K GGP-15 2015 OBCC-LED Lighting Retrofit, Parking Lot GGP-15-1 2015 25 25 25 1 23 1 04/15 RBNC - Parking Lot Lighting Upgrades * GGP-15-2 2015 8 8 8 8 0 01/15 FH Maint-Radiant Heat Propane Conv GGP-15-3 2015 20 25 25 4 18 3 04/15 Building Energy Retrofits $150K BER-15 2015 WL Shoreline - Engineering Funds RT4 2011 75 75 75 3 72 12/15 WL Shoreline - Construction Funds RT5 2011 100 100 100 100 12/15 Watershed Retrofit - LE-RRI-015 * RU2 2011 36 265 265 265 0 01/15 Watershed Retrofit - LE-RRI-019 * RU3 2011 54 250 250 246 4 01/15 Watershed Retrofit - LE-RRI-020 RU4 2011 118 348 348 49 1 298 10/15 Watershed Retrofit LE-RR1-502 RW2 2012 70 40 40 6 34 0 04/15 Watershed Retrofit LE-RR1-503 RW3 2012 27 34 34 8 26 0 04/15 Watershed Retrofit LE-RR1-507 * RW5 2012 84 241 241 237 4 01/15 Watershed-Jackson Pond, LR RZ4 2013 95 95 95 5 2 88 10/15 *Proposed Capital Projects Close Outs 138

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 SE5 2014 75 75 75 15 1 59 07/15 Maint Facility - Stormwater Detention Pond SE6 2014 58 58 58 8 6 44 07/15 WL Barn Bio-retention Facility SE7 2014 55 55 55 6 1 48 04/15 Columbia Wide Water Quality P02-15-1 2015 75 75 75 75 07/15 Pathway Connectivity Improvements P02-15-2 2015 100 100 100 83 7 10 04/15 Watershed Improvements Projects P02-15-3 2015 440 440 440 2 29 409 12/15 L. Kitt Pathway Loop Construction P02-15-4 2015 580 580 580 547 21 12 04/15 Subtotal Category I 2,473 3,257 0 3,257 1,798 188 1,271 *Proposed Capital Projects Close Outs 139

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 AX2 2012 575 575 575 537 38 0 12/15 IT Improvements DQ4 2012 1,067 1,067 1,067 917 56 94 04/15 TSSC-Energy Management Sys * AX3 2012 200 225 225 220 5 01/15 Hobbit's Glen Clubhouse CG9 2013 1,000 1,000 1,000 734 158 108 12/15 IT - Document Imaging DR1 2013 140 140 140 122 3 15 Pending DS-Meeting Room Expansion KK2 2014 170 200 200 68 13 119 12/15 Hickory Ridge Park, Planning, Design SF7 2014 150 150 150 46 11 93 10/15 Hobbit's Glen Clubhouse CS4 2014 4,425 4,425 4,425 3,251 1,174 0 12/15 Indoor Tennis Facility - Planning & Design CS5 2014 100 100 100 19 81 Pending Talbott Springs Pool, New Amenity * CS6 2014 75 75 75 71 4 01/15 Faulkner Ridge Pool, New Amenity * CS7 2014 75 75 75 40 35 01/15 Haven on the Lake CR4 2014 300 300 300 298 2 0 06/15 Headquarters Building DR2 2014 1,000 1,000 1,000 1,000 Pending IT - Employee Self-Service DR3 2014 61 61 61 61 Pending AC - Exterior Renovations Z02-15-1 2015 180 180 180 180 12/15 Haven on the Lake Z18-15-1 2015 5,219 5,219 5,219 3,752 1,242 225 06/15 Dorsey Hall Bathhouse & ADA Upgrades Z11-15-1 2015 400 400 400 400 12/15 Possible Indoor Pool A & E Z11-15-2 2015 250 250 250 250 Pending Tennis @ SportsPark Z10-15-2 2015 350 350 350 350 Pending S&F Facilities & Equipment Upgrades SFF-15 2015 100 100 100 39 61 12/16 HVAC Unit Replacement-Company Wide CAW-15 2015 200 200 200 114 21 65 12/16 TSSC - Arena Upgrades Z16-15-1 2015 270 270 270 177 11 82 12/16 OSM - Equipment & Vehicles P02-15-5 2015 445 445 445 110 335 04/15 Jackson Pond Engineering P02-15-6 2015 50 50 50 1 9 40 04/15 Pushcart Pond Engineering P02-15-7 2015 30 30 30 30 10/15 Hickory Ridge Park, Phase I P02-15-8 2015 200 200 200 200 10/15 Virtual Desktop Infrastructure A03-15-1 2015 50 50 50 50 Pending Subtotal Category II 17,082 17,137 0 17,137 10,516 2,738 3,883 *Proposed Capital Projects Close Outs 140

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 * CJ2 2013 9 9 9 4 5 01/15 AC - HVAC RTU-06 CT7 2013 95 95 95 34 29 32 12/15 AC - HVAC HP-04 CT8 2013 55 55 55 2 53 12/15 CG - KidSpace Play Zone Upgrades CU9 2014 10 10 10 4 6 08/15 TSSC - Café HVAC Unit CV7 2014 65 65 65 45 1 19 06/15 AC - Hot Water Boiler & Heat Exchanger CV8 2014 30 30 30 28 1 1 02/15 AC - HVAC Penthouse, Planning Funds CX2 2014 8 8 8 6 2 0 09/15 TSSC - RTU-06 HVAC Replacement CX6 2014 65 65 65 48 3 14 06/15 TSSC - MyRide Cycling Equipment CY3 2014 23 34 34 27 1 6 07/15 AC - Cardio Area Light Fixtures * CZ2 2014 5 5 5 1 4 01/15 TSSC - Arena Divider Curtains * CZ4 2014 29 29 29 25 4 01/15 AC - Domestic Hot Water Storage Tanks EA1 2014 19 19 19 16 2 1 04/15 CG - Boiler Z04-15-1 2015 66 66 66 56 9 1 06/15 CG - Front Entrance Improvements * Z04-15-2 2015 83 83 83 82 1 01/15 CG - Carpet Z04-15-6 2015 20 20 20 11 8 1 03/15 TSSC - Fitness Equipment Z16-15-3 2015 72 72 72 67 5 04/15 TSSC - RTU #17 Compressor Z16-15-4 2015 8 8 8 2 6 0 06/15 CG - RTU #4 Compressor Z04-15-9 2015 12 12 12 10 1 1 06/15 AC - Free Weight Room Flooring * Z02-15-5 2015 50 60 60 60 0 01/15 AC - Carpet Z02-15-7 2015 25 25 25 21 4 0 04/15 CG - RTU #9 Compressor Z04-15-10 2015 7 7 7 4 3 0 06/15 TSSC - Physical Therapy Suite, Flooring* Z16-15-6 2015 12 8 8 8 0 01/15 TSSC - PPP Room Rubber Flooring * Z16-15-7 2015 5 5 5 5 0 01/15 TSSC - KidSpace/Fitness Breezeway Fl * Z16-15-8 2015 5 5 5 5 0 01/15 CG - RTU-01 Condenser Coil Z04-15-11 2015 9 9 9 8 1 0 06/15 TSSC - Security System Z16-15-9 2015 11 11 11 10 1 03/15 CG - RTU-03 Heat Exchanger Z04-15-12 2015 5 5 5 5 0 06/15 AC - ACU-04 Heat Exchanger Z02-15-9 2015 4 4 4 3 1 06/15 CG - RTU-04 Heat Exchanger Z04-15-13 2015 4 4 4 3 1 06/15 CG - RTU-09 Heat Exchanger Z04-15-14 2015 4 4 4 3 1 06/15 CG - RTU-03 Heat Exchanger Z04-15-15 2015 5 5 5 3 2 06/15 TSSC - Studio 2 Sound System Z16-15-10 2015 7 7 7 7 0 04/15 Golf Courses FH - Teaching Pavilion * CW1 2014 30 7 7 7 0 01/15 HG - Turn House Z07-15-1 2015 400 400 400 1 390 9 09/15 *Proposed Capital Projects Close Outs 141

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 CE3 2012 6 18 18 15 1 2 05/15 Cooling Towers, Phase I * CM8 2013 34 34 34 33 1 01/15 Cooling Towers, Phase II CW3 2014 40 40 40 12 23 5 03/15 Monument Sign * CZ6 2014 8 8 8 4 4 01/15 Refrigerator * Z09-15-1 2015 3 3 3 3 0 01/15 Copy Machine * Z09-15-2 2015 5 5 5 5 0 01/15 Indoor/Outdoor Tennis OB - Ballast Shed CV2 2014 33 33 33 25 2 6 03/15 OB - Canopy Z10-15-6 2015 7 7 7 6 1 06/15 HG - Electrical Service Z10-15-7 2015 16 16 16 14 2 09/15 HG - Bldg Façade, Phase I Z10-15-8 2015 14 14 14 14 09/15 Aquatics DH - Planning Funds, Bathhouse CM3 2013 30 30 30 29 1 0 12/15 DH - Planning Funds, Spa FA1 2014 14 14 14 11 3 0 12/15 Longfellow - Site Plan,Wading Pool/Deck EC1 2014 23 23 23 18 5 0 06/15 Longfellow - Bathhouse Renovation EC4 2014 258 258 258 240 3 15 03/15 Hawthorn-ADA Bathhouse Plan Funds Z11-15-4 2015 30 30 30 26 4 12/15 Hawthorn-ADA Wading Pool Plan Funds Z11-15-5 2015 35 35 35 31 2 2 12/15 KR - ADA Wading Pool Improvements Z11-15-7 2015 40 40 40 2 29 9 12/15 Longfellow - ADA Wading Pool/Deck Z11-15-9 2015 400 400 400 240 157 3 12/15 SkatePark/SportsPark HVAC Cooling Coil * Z15-15-1 2015 9 9 9 9 0 01/15 Golf Ball Collector System Z15-15-4 2015 4 4 4 3 1 04/15 Horse Center Office, Lobby, Storage Ceiling Repl * DR8 2014 32 32 32 32 0 01/15 Barn Roof Replacement DR9 2014 120 120 120 2 30 88 12/15 *Proposed Capital Projects Close Outs 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 Swim Center Air Flow Design - Planning Funds CT2 2014 20 20 20 13 7 03/15 Boiler - Program Pool * CV5 2014 20 20 20 9 11 01/15 Family Changing Room Planning Funds * CV6 2014 15 23 23 18 5 01/15 Program Pool - Planning Funds, Filter * CY8 2014 8 8 8 8 0 01/15 Main & Wading Pool - Plan Funds Boiler EB2 2014 6 6 6 2 4 02/15 Family Changing Room Construction * EZ4 2014 100 100 100 98 2 01/15 Program Pool - Air Evacuation System * Z17-15-1 2015 64 64 64 55 9 01/15 Main & Wading Pool - Boiler * Z17-15-2 2015 50 50 50 48 2 01/15 Program Pool - Boiler * Z17-15-3 2015 35 35 35 32 3 01/15 Program Pool - Electrical Panel Upgrade* Z17-15-4 2015 15 15 15 10 5 01/15 Village Community Association and Community Services Buildings and Equipment LR - Art Center Gallery Space Flooring * KJ1 2013 25 25 25 18 7 01/15 WL-Slayton House-Plan Funds, Elect Sy* KL8 2014 8 8 8 8 0 01/15 WL - Slayton House, RTU-01 Heat Exch KM9 2014 6 6 6 1 5 05/15 WL - Slayton House, RTU-05 Heat Exch* KN1 2014 6 6 6 5 1 01/15 TC - Oakland Manor Egress Staircase KN8 2014 90 106 106 92 14 03/15 WL - Slayton House Elect Sys Rehab * B08-15-3 2015 35 35 35 25 10 01/15 Youth & Teen Center Bldg Sign B15-15-1 2015 6 6 6 5 1 12/15 HR - Hawthorn NC HVAC Repl Plan Funds B08-15-4 2015 30 30 30 14 16 12/15 LR - Stonehouse Security Sys Upgrades* B08-15-5 2015 5 5 5 4 1 01/15 HC - Kahler Hall Marchand Rm Flooring B08-15-6 2015 8 8 8 4 2 2 06/15 DS - Linden Hall CU-03 Compressor B08-15-7 2015 6 6 6 4 1 1 06/15 LR - Stonehouse ACCU-01 Compressor B08-15-9 2015 12 12 12 10 1 1 06/15 KC - Amherst House Digital Copier * B08-15-10 2015 4 4 4 4 0 01/15 HC - Kahler Hall RTU-05 Heat Exchanger B08-15-11 2015 4 4 4 3 1 06/15 HC - Kahler Hall CCTV Upgrades B08-15-12 2015 11 11 11 10 1 06/15 HC - Kahler Hall Kitchen Floor/Prep Sink B08-15-13 2015 21 21 21 17 4 06/15 TC - Oakland Manor Retaining Wall PF B08-15-14 2015 6 6 6 5 1 06/15 HC - Kahler Hall Courtyard Fence B08-15-15 2015 20 20 20 20 04/15 HR - Hawthorn NC HVAC Replacement B08-15-16 2015 125 125 125 125 12/15 WL - BWNC Furnace B08-15-17 2015 7 7 7 7 0 05/15 *Proposed Capital Projects Close Outs 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 Open Space Facilities, Amenities and Improvements TC - Rockwall Structural Repairs RY7 2012 40 275 275 150 15 110 07/15 HRVC - Planning Funds, Open Space SB3 2013 14 14 14 6 7 1 10/15 Maint Facility - Asphalt Replacement SE2 2013 37 37 37 5 32 04/15 Maint Facility - Plan Funds, RTU-03 * SG1 2014 12 12 12 6 6 01/15 Columbia Wide - Tot Lot Replacement SG3 2014 225 225 225 158 21 46 07/15 TC - L. Kitt Pedestrian Bridge Railing SH3 2014 8 8 8 8 04/15 TC - Lakefront ADA Ramp SH6-ADA 2014 15 15 15 15 04/15 TC - Vantage Park Light Fixture Repl * SH8 2014 14 14 14 11 3 01/15 LR - Dannon Garth Pond - Engineering SJ3 2014 45 67 67 47 4 16 04/15 Maint Facility - RTU #3 Unit P04-15-2 2015 46 46 46 26 16 4 06/15 Columbia Wide Parking Lot Renovations P02-15-9 2015 250 450 450 91 109 250 07/15 Columbia Wide - Pathway Renovation P02-15-14 2015 270 270 270 156 63 51 04/15 Columbia Wide - Bridge Replacement P02-15-15 2015 280 280 280 57 12 211 04/15 Columbia Wide - Benches P02-15-16 2015 30 30 30 8 3 19 06/15 LR - Gateway Rest Park Entrance Lights* P02-15-17 2015 14 14 14 13 1 01/15 Maint Fac-Vehicle Shop Mower Engine * P04-15-3 2015 5 5 5 5 0 01/15 Cradlerock Underpass - Retaining Wall P02-15-18 2015 165 165 165 2 110 53 04/15 *Proposed Capital Projects Close Outs 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 Administrative Services Division Building and Equipment Company Wide Contingency Fund DQ5 2012 250 250 250 142 83 25 12/15 Company Wide Contingency Fund DQ8 2013 150 255 255 195 3 57 12/15 Company Wide Contingency Fund DR4 2014 142 142 142 106 36 12/15 Comm & Marketing - MacBook Computers M02-15-1 2015 7 7 7 7 0 04/15 Headquarters - Postage Machine A03-15-3 2015 12 12 12 12 0 04/15 Company Wide Contingency 125K DR7 Swim Center - HVAC #2 Compressor DR7-15-1 2015 10 10 10 1 6 3 05/15 Swim Center - RTU-04 Heat Exchanger * DR7-15-2 2015 4 4 4 3 1 01/15 FHGC - Plan Funds, Bridge/Stream Stab DR7-15-3 2015 25 25 25 8 9 8 04/15 ADA Compliance Funding Aquatics - DH, Plan Funds ADA Wading P EA9-ADA 2014 15 15 15 10 3 2 12/15 Aquatics - River Hill ADA Bathhouse Z11-15-8 2015 120 120 120 109 11 06/15 Aquatics - Longfellow ADA Wading Pool Z11-15-10 2015 50 50 50 30 20 0 12/15 Subtotal Category III 5,441 6,033 0 6,033 3,149 1,330 1,554 Subtotal Category I, II and III 24,996 26,427 0 26,427 15,463 4,256 6,708 Total Company Current Projects 24,996 26,427 0 26,427 15,463 4,256 6,708 *Proposed Capital Projects Close Outs 145

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 RZ7-02 2013 100 100 (100) (99) (1) TSSC - Microturbine Design RZ8-17 2013 22 22 (22) (21) (1) TSSC - Energy Recovery & HVAC Improv SE9-04 2013 140 120 (120) (118) (2) Art Center - HVAC Upgrade Design SF1-05 2014 10 10 (10) (10) 0 LR-Stonehouse HVAC Upgrade Design SF1-06 2014 10 10 (10) (10) 0 Art Center - Gallery LED Upgrade SF1-11 2014 11 11 (11) (11) 0 RBNC - Parking Lot Lighting Upgrades GGP-15-2 2015 8 8 (8) (8) 0 Watershed Retrofit - LE-RRI-015 RU2 2011 36 265 (265) (265) 0 Watershed Retrofit - LE_RRI-019 RU3 2011 54 250 (250) (246) (4) Watershed Retrofit - LE-RRI-507 RW5 2012 84 241 (241) (237) (4) TSSC - Energy Management System AX3 2012 200 225 (225) (220) (5) Talbott Springs Pool, New Amenity CS6 2014 75 75 (75) (71) (4) Faulkner Ridge Pool, New Amenity CS7 2014 75 75 (75) (40) (35) TSSC - RTU-01 Compressor CJ2 2013 9 9 (9) (4) (5) AC - Cardio Area Light Fixtures CZ2 2014 5 5 (5) (1) (4) TSSC - Arena Divider Curtains CZ4 2014 29 29 (29) (25) (4) CG - Front Entrance Improvements Z04-15-2 2015 83 83 (83) (82) (1) AC - Free Weight Room Flooring Z02-15-5 2015 50 60 (60) (60) 0 TSSC - Physical Therapy Suite, Flooring Z16-15-6 2015 12 8 (8) (8) 0 TSSC - PPP Room Rubber Flooring Z16-15-7 2015 5 5 (5) (5) 0 TSSC - KidSpace/Fitness Breezeway Floor Z16-15-8 2015 5 5 (5) (5) 0 FH Golf Course - Teaching Pavilion CW1 2014 30 7 (7) (7) 0 IR - Cooling Towers, Phase 1 CM8 2013 34 34 (34) (33) (1) IR - Monument Sign CZ6 2014 8 8 (8) (4) (4) IR - Refrigerator Z09-15-1 2015 3 3 (3) (3) 0 IR - Copy Machine Z09-15-2 2015 5 5 (5) (5) 0 SportsPark - HVAC Cooling Coil Z15-15-1 2015 9 9 (9) (9) 0 Horse Ctr - Office, Lobby, Storage Ceiling DR8 2014 32 32 (32) (32) 0 SC - Boiler, Program Pool CV5 2014 20 20 (20) (9) (11) SC - Family Changing Room Plan Funds CV6 2014 15 23 (23) (18) (5) SC - Program Pool, Filter Plan Funds CY8 2014 8 8 (8) (8) 0 SC - Family Changing Room Construction EZ4 2014 100 100 (100) (98) (2) SC - Program Pool, Air Evacuation System Z17-15-1 2015 64 64 (64) (55) (9) SC - Boiler, Main & Wading Pool Z17-15-2 2015 50 50 (50) (48) (2) 146

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 Z17-15-3 2015 35 35 (35) (32) (3) SC - Program Pool,Electrical Panel Upgrade Z17-15-4 2015 15 15 (15) (10) (5) LR - Art Center Gallery Space Flooring KJ1 2013 25 25 (25) (18) (7) WL - Slayton House Elect Sys - Plan Funds KL8 2014 8 8 (8) (8) 0 WL - Slayton House RTU-05 Heat Exch KN1 2014 6 6 (6) (5) (1) WL - Slayton House Elect Sys Rehab B08-15-3 2015 35 35 (35) (25) (10) LR - Stonehouse Security Sys Upgrade B08-15-5 2015 5 5 (5) (4) (1) KC - Amherst House Digital Copier B08-15-10 2015 4 4 (4) (4) 0 Maint Facility - RTU-03 Plan Funds SG1 2014 12 12 (12) (6) (6) TC - Vantage Park Light Fixture Repl SH8 2014 14 14 (14) (11) (3) LR - Gateway Rest Park Entrance Lights P02-15-17 2015 14 14 (14) (13) (1) Maint Facility-Vehicle Shop, Mower Engine P04-15-3 2015 5 5 (5) (5) 0 SC - RTU-04 Heat Exchanger DR7-15-2 2015 4 4 (4) (3) (1) Total Company Closed Projects 1,583 2,161 0 (2,161) (2,019) 0 (142) 147

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 12 250,000 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, 2015 13 140,000 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 13 255,000 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 14 142,000 36,000 Funds for any unforseen capital emergency needs 12/15 Pending 148

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 14 200,000 119,000 Permit approval process underway with likely approval date early 2015. 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 12/15 14 8,000 - 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 5/15 14 6,000 1,000 Complete Complete 14 106,000 14,000 Work is complete with minor punch-out remaining 3/15 149

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 11 100,000 100,000 Project included in Large Lake Sediment Management Plan RFP 12/15 Watershed Projects RU2 Watershed Retrofit - LE-RR1-015 11 265,000 - Complete Complete Watershed Projects RU3 Watershed Retrofit - LE-RR1-019 11 250,000 4,000 Complete Complete Watershed Projects RU4 Watershed Retrofit - LE-RR!-020 11 348,000 298,000 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-RR1-502 12 40,000 - Access denied by adjacent property owner. Project will be cancelled 4/15 Watershed Projects RW3 Watershed Retrofit LE-RR1-503 12 34,000 - Access denied by adjacent property owner. Project will be cancelled 4/15 Watershed Projects RW5 Watershed Retrofit LE-RR1-507 12 241,000 4,000 Complete Complete Town Center RY7 Rockwall Structural Repairs 12 275,000 110,000 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 13 100,000 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

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 14 120,000 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 4/15 14 11,000 - 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 14 150,000 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

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 14 225,000 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

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 12 575,000 - 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 12 225,000 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 1,000,000 108,000 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-06 13 95,000 32,000 Engineering complete, work planned for summer shutdown 12/15 Athletic Club CT8 HVAC HP-04 13 55,000 53,000 Engineering complete, work planned for summer shutdown 12/15 Ice Rink CM8 Cooling Towers, Phase 1 13 34,000 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 14 100,000 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 14 300,000 - 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

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 2014 7/15 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 14 258,000 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 14 120,000 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

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 14 100,000 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

SPORT & FITNESS DIVISION QUARTERLY MARKETING REPORT THIRD QUARTER FY 15 156

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 99.1 Email Broadcast Campaigns Sampling of email 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 email 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 email (Codes Email), Aquatics, Tennis, Personal Training (Rock Your Jeans - weekly email for program participant), Black Friday Member email and Art Center monthly email In December a campaign began that will run throughout 2015, to acquire updated and new email 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 email 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

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 Email 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 emails 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

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 11 50+ 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

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

FY 15 Total Membership Numbers and Revenue for the Nine Months Ending January 31, 2015 25,000 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

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