chairman andrew lyons - anna edwards, wells fargo advisors

MOORE COUNTY CHAMBER OF COMMERCE BOARD OF DIRECTORS MEETING

APRIL 1, 2015

12:00 – 1:30 P.M.

FIRST BANK HEADQUARTERS – SOUTHERN PINES

Call to Order & Introductions – Chairman Andrew Lyons

Invocation

Membership Spotlight - Anna Edwards, Wells Fargo Advisors

Action Items – Chairman Lyons

§ Approval of Consensus Agenda

§ Approval of March 2015 Minutes

§ Acceptance of February 2015 Financials

§ Approval of New Members

Discussion Items

§ Race to Relevance Discussion

§ President’s Report – Linda Parsons, President and CEO

§ Other Business

Adjourn

Moore County Chamber of Commerce (Meeting held at First Bank Head Quarters) Board of Directors Meeting Minutes March 4, 2015 12:00 p.m. Present: Andrew Lyons, Caleb Miles, Mike Murphy, Carla Williams, Andi Korte, Micah Niebauer, Claudia Miller, Ken Crow, Mike Gorenflo, David McNeill, Al O’Connell? Shane English, Robert Nunnaley, Jeff Hutchins

Guests Present: Mark Adel, Liberty Tax Service

Staff: Linda Parsons & Emily Ivey

Catered by: Panera Bread

Invocation by: Ken Crow

Call to Order & Introductions

Chairman Andrew Lyons called the meeting to order at 12:15 p.m. Chairman Lyons welcomed Mark Adel to the meeting. The Board was reminded he was part of the member spotlight the Chamber was focusing on all year.

Membership Spotlight

Mark Adel thanked everyone for the opportunity to present today. He explained he was the franchise owner of the Liberty Tax Service on Hwy 5. He continued by indicating he was quite busy since it was tax season, especially with all of the new tax laws that had been implemented at the state and federal level. He indicated he enjoys being a member of the Chamber and has been active on several committees including the Ambassadors Committee. He indicated he was also a member of the Pinehurst Business Guild which was going through a transitional process. He stated he hopes the shift to the new organization provides some collaborative efforts between the Chamber and the new organization.

Agenda:

Approval of Consensus Agenda The first order of business was approval of the consensus agenda starting with the February Board minutes. Chairman Lyons asked if anyone had any questions or concerns regarding the minutes. There were no questions raised. Chairman Lyons continued on to the financials. Linda stated she noticed a few errors in the financials and will be advising Brian of these posting errors. In addition she reminded the Board that the MYP funds cannot be touched. Also noted was the fact that the Chamber Champions contributions were done. Currently she stated they are at $22,000. There was s drop with BB & T in contributions. CenturyLink completely pulled out and First Citizens and St. Joseph of the Pines did not indicate their donation level to date. Jeffery Hutchins stated a meeting would be put together with the new financial partner but he felt confident the financials were in good order. There were no additional questions. Lastly was the update on membership. Chairman Lyons stated he was pleased to see only a

handful of members were listed on the AR Report. Linda stated this was in part due to the backlog of billing but the staff was diligently working on catching this up so a larger amount of members could be reflected on the AR reports in the future. She also stated there while there were only 4 new members for the month there were several that had been invoiced and the Chamber was waiting on payment. Claudia Miller asked if the goals for the month could also be listed on future reports. Linda stated she would add these figures as requested. Michael asked the Board to please thank these individuals for joining when you are out and about. Linda reminded the Board she will email the new member listing so that thank you notes or phone calls could be placed by each of them. Claudia made a motion to approve the consensus agenda. Michael Gorenflo seconded. The motion carried.

Additional Items Linda Parsons informed the Board there were two legislative items that were up for discussion at today’s meeting. She was going to be asking for approval of support of these two items. She explained the first issue related to the need for the federal government to properly fund infrastructure in the US. This initiative was being led by ACCE, the national organization the Chamber is a member of. She reminded the Board the Chamber has already signed on to the state alliance regarding the need for infrastructure funding improvements. Chairman Lyons asked for a motion to approve the ACCE infrastructure letter of support. Jeffrey made a motion to approve that the Chamber become a part of the ACCE coalition and send this letter. Claudia seconded the motion. The motion carried. The second piece of legislative support was a resolution backing healthcare related legislation as requested by FirstHealth of the Carolinas. Linda stated there were two specific areas the executive committee wanted her to research – the CON issue and provider-led capitated Medicaid Delivery and financing system. Linda explained she did speak to Robbins, May and Rich on the issue since they sit on the board of the hospital. In addition she did some research on the issue which was distributed at the meeting. Finally she stressed the fact that FirstHealth is a strong financial supporter of the Chamber and felt it was important to support this resolution. She explained FirstHealth was looking for support from the business community regarding Medicaid reform. There are two options that the General Assembly is considering. One would be a provider led program where hospitals and physicians actually take on the risk for the Medicaid program. That is really the capitated option – simply put, providers would get a capitated rate to care for a certain number of Medicaid beneficiaries. She continued by indicating the other option is to contract out the Medicaid program to a large national insurer. That means an out of state insurer would manage the Medicaid program. After much discussion the Board determined it was important to support this request. Chairman Lyons requested a motion to approve the resolution. Jeff made the motion. Al O’Connell seconded. The motion carried. Michael asked if either of these positions were going to be publicized. Linda explained she was waiting to hear back from FirstHealth on how they were going to publicize this. In addition she indicated the infrastructure legislation would be publicized. Discussion on Mission and Vision.

Linda reminded the Board they were continue to work on a new mission and vision statement. The board members discussed the various versions that had been presented over the last few weeks. The statement that was agreed upon as the new Mission Statement was: To foster a vibrant business community. They determined to drop the words, through advocacy, education, and connecting people. Anita Holt stated

that an organization can create an environment. Jeff stated all businesses are based on relationships. Michael suggested the statement not be passive. It was determined the statement could read “Fostering a vibrant business community or to foster a vibrant business community” based on the context it was being used. Andi Korte stated the board managed to get the statement under 7 words and that it was great. Mike Murphey stated it was a more personal and relatable statement. Chairman Lyons asked for a motion. Claudia motioned to approve “We foster a vibrant business community” as the new mission statement for the Chamber. Jeff seconded. The motion cared.

Linda stated since they were so successful with the mission statement today they would table the discussion for the vision statement and revisit it in the coming months.

Discussion Items:

Building Update

Linda indicated there was no major update on the building. She was in the process of securing committee members for the two committees that had been identified.

President’s Report:

Linda stated the Annual Banquet was a success! Andi Korte mentioned Sandhills Community College loved the new format. Michael stated the process for the 50th Anniversary of the chamber would need to begin since that will occur in 2017. Linda agreed.

Linda advised the Board that interviews were in process. She stated to hopefully have a new employee on staff by April.

She reminded all board members of the upcoming events.

Other Business

Chairman Lyons reminded board members that the next meeting would focus on the book Race to Relevance. Robert Nunnaley asked what the membership goal was for the next 5 years. Linda stated this has not been identified. Carla Williams asked when the leadership training was going to occur. Linda stated the company has changed and the event will now be a ½ day program on the 9th of October. Carla stated they may be able to assist with hosting this event.

Adjourn

The meeting was adjourned at 1:45 p.m.

Accrual Basis Moore County Chamber of Commerce

Statement of Financial Position As of February 28, 2015

Feb 28, 15

ASSETS

Current Assets

Checking/Savings

1010 · Petty Cash 115.00

1060 · Cash in Bank - Business Money 113,257.60

1200 · BB&T - Operating 35,379.65

1210 · BB&T - BIDA 3,397.28

Total Checking/Savings 152,149.53

Accounts Receivable

1120 · Accounts Receivable 20,049.02

1130 · A/R - Other 37,771.17

1150 · Allowance for Doubtful Accounts (2,486.00)

Total Accounts Receivable 55,334.19

Other Current Assets

1400 · Prepaid Insurance 3,731.99

1499 · Undeposited Funds 225.00

Total Other Current Assets 3,956.99

Total Current Assets 211,440.71

Fixed Assets

1530 · Furniture & Fixtures

1531 · Depreciation Furniture& Fixture (37,675.28)

1530 · Furniture & Fixtures - Other 37,675.28

Total 1530 · Furniture & Fixtures 0.00

1540 · Machinery & Equipment

1541 · Depreciate Machinery & Equipmen (49,845.93)

1540 · Machinery & Equipment - Other 54,980.76

Total 1540 · Machinery & Equipment 5,134.83

1550 · Computer Equipment

1551 · Depreciation Computer Equipment (29,248.31)

1550 · Computer Equipment - Other 29,248.31

Total 1550 · Computer Equipment 0.00

1580 · Buiding Renovations

1581 · Depreciation Bldg Renovations (39,256.76)

1580 · Buiding Renovations - Other 58,159.12

Total 1580 · Buiding Renovations 18,902.36

1590 · Building - New

1591 · Depreciation Building New (424,961.00)

1590 · Building - New - Other 536,620.43

Page 1 of 2 For Management Use Only


Statement of Financial Position As of February 28, 2015

Feb 28, 15

Total 1590 · Building - New 111,659.43

1600 · Land 56,967.02

Total Fixed Assets 192,663.64

TOTAL ASSETS 404,104.35

LIABILITIES & EQUITY

Liabilities

Current Liabilities

Credit Cards

2020 · BB&T VISA 1,199.40

Total Credit Cards 1,199.40

Other Current Liabilities

2100 · Payroll Liabilities

2210 · Dental Ins. (Section 125) 577.31

2220 · FICA Tax Withheld 375.24

2310 · United Way Contrib. W/H 477.80

2380 · 401K - Employee 441.52

Total 2100 · Payroll Liabilities 1,871.87

2550 · Deposit - Rental 1,000.00

Total Other Current Liabilities 2,871.87

Total Current Liabilities 4,071.27

Long Term Liabilities

2650 · Note Payable - BB&T 361,583.68

Total Long Term Liabilities 361,583.68

Total Liabilities 365,654.95

Equity

3010 · Operating Fund (46,294.51)

Net Income 84,743.91

Total Equity 38,449.40

TOTAL LIABILITIES & EQUITY 404,104.35


Moore County Chamber of CommerceStatement of Activities Actual Vs. Budget

Consolidated

TOTAL

Feb 15 Budget $ Over Budget Jan - Feb 15 Budget $ Over Budget

IncomeAdvocacy Income (pg 1) 0.00 333.33 (333.33) 0.00 666.66 (666.66)

Community Development Income (pg 1) 126.00 1,873.17 (1,747.17) 14,358.50 3,746.34 10,612.16

Finance & Operations Income (pg 1) 3,010.72 2,041.92 968.80 12,938.76 4,083.84 8,854.92Member Services Income (pg 2-3) 35,150.62 30,865.59 4,285.03 113,529.95 61,731.18 51,798.77

Total Income 38,287.34 35,114.01 3,173.33 140,827.21 70,228.02 70,599.19

ExpenseAdvocacy Expenses (pg 3) 0.00 375.00 (375.00) 0.00 750.00 (750.00)

Community Development Expenses (pg 3) 714.53 1,333.33 (618.80) 4,178.14 2,666.66 1,511.48

Finance & Operations Expense (pg 3-4) 22,599.29 29,468.40 (6,869.11) 50,345.64 58,936.80 (8,591.16)Member Services Expenses (pg 5-6) 1,398.95 3,350.00 (1,951.05) 1,559.24 6,700.00 (5,140.76)

Total Expense 24,712.77 34,526.73 (9,813.96) 56,083.02 69,053.46 (12,970.44)

Net Programs Income (Loss) 13,574.57 587.28 12,987.29 84,744.19 1,174.56 83,569.63

SUMMARY BY PROGRAM

Advocacy ProgramAdvocacy Income 0.00 333.33 (333.33) 0.00 666.66 (666.66)

Advocacy Expenses 0.00 375.00 (375.00) 0.00 750.00 (750.00)

Net Advocacy Program Income (Loss) 0.00 (41.67) 41.67 0.00 (83.34) 83.34

Community Development ProgramCommunity Development Income 126.00 1,873.17 (1,747.17) 14,358.50 3,746.34 10,612.16

Community Development Expenses 714.53 1,333.33 (618.80) 4,178.14 2,666.66 1,511.48

Net Comm Development Program Income (Loss) (588.53) 539.84 (1,128.37) 10,180.36 1,079.68 9,100.68

For Management Use Only

Moore County Chamber of CommerceStatement of Activities Actual Vs. Budget

Consolidated

Finance & Operations ProgramFinance & Operations Income 3,010.72 2,041.92 968.80 12,938.76 4,083.84 8,854.92

Finance & Operations Expense 22,599.29 29,468.40 (6,869.11) 50,345.64 58,936.80 (8,591.16)

Net Finance & Oper Program Income (Loss) (19,588.57) (27,426.48) 7,837.91 (37,406.88) (54,852.96) 17,446.08

Member Services ProgramMember Services Income 35,150.62 30,865.59 4,285.03 113,529.95 61,731.18 51,798.77

Member Services Expenses 1,398.95 3,350.00 (1,951.05) 1,559.24 6,700.00 (5,140.76)

Net Member Srvcs Program Income (Loss) 33,751.67 27,515.59 6,236.08 111,970.71 55,031.18 56,939.53

For Management Use Only


Statement of Activities Actual Vs. Budget January through February 2015

TOTAL


Income

Advocacy Income

Govenmental Affairs Income

4103 · Moore County Summit 0.00 250.00 (250.00) 0.00 500.00 (500.00)

4104 · State of Series 0.00 83.33 (83.33) 0.00 166.66 (166.66)

Total Govenmental Affairs Income 0.00 333.33 (333.33) 0.00 666.66 (666.66)

Total Advocacy Income 0.00 333.33 (333.33) 0.00 666.66 (666.66)

Community Development Income

4200 · MCLI

4205 · MCLI Graduation non-profit 0.00 125.00 (125.00) 0.00 250.00 (250.00)

4207 · Leadership Speaker Programs

4209 · Chick-Fil-A 36.00 666.67 (630.67) 36.00 1,333.34 (1,297.34)

Total 4207 · Leadership Speaker Programs 36.00 666.67 (630.67) 36.00 1,333.34 (1,297.34)

4210 · MCLI Fees 0.00 1,081.50 (1,081.50) 12,082.50 2,163.00 9,919.50

4220 · Moore Young Professionals 90.00 2,240.00

Total 4200 · MCLI 126.00 1,873.17 (1,747.17) 14,358.50 3,746.34 10,612.16

Total Community Development Income 126.00 1,873.17 (1,747.17) 14,358.50 3,746.34 10,612.16

Finance & Operations Income

4400 · Rental Income 2,924.00 1,506.00 1,418.00 5,913.00 3,012.00 2,901.00

4401 · Organizational Development 0.00 451.17 (451.17) 6,915.00 902.34 6,012.66

4403 · Interest Income 21.72 19.75 1.97 45.76 39.50 6.26

4500 · Other Income

4501 · Other 65.00 65.00

4500 · Other Income - Other 0.00 65.00 (65.00) 0.00 130.00 (130.00)

Total 4500 · Other Income 65.00 65.00 0.00 65.00 130.00 (65.00)

Total Finance & Operations Income 3,010.72 2,041.92 968.80 12,938.76 4,083.84 8,854.92




TOTAL


Member Services Income

Marketing & Comm. Income

Events Income

4032 · Golf Tournament 12.00 675.00 (663.00) 12.00 1,350.00 (1,338.00)

4033 · Annual Banquet 6,831.75 1,250.00 5,581.75 10,471.75 2,500.00 7,971.75

4043 · Festival of Beers 0.00 1,208.33 (1,208.33) 0.00 2,416.66 (2,416.66)

4044 · Awards Gala 0.00 416.67 (416.67) 0.00 833.34 (833.34)

Total Events Income 6,843.75 3,550.00 3,293.75 10,483.75 7,100.00 3,383.75

4300 · Lifestyles 0.00 1,000.00 (1,000.00) 0.00 2,000.00 (2,000.00)

4310 · Lobby Display 0.00 104.17 (104.17) 0.00 208.34 (208.34)

Total Marketing & Comm. Income 6,843.75 4,654.17 2,189.58 10,483.75 9,308.34 1,175.41

Membership Income

4000 · Membership Renewals 22,158.97 18,038.42 4,120.55 65,373.41 36,076.84 29,296.57

4001 · Voluntary Contribution 974.00 877.17 96.83 974.00 1,754.34 (780.34)

4002 · Membership Dues - New 1,676.00 2,666.67 (990.67) 3,023.00 5,333.34 (2,310.34)

4003 · Initiation Fee 450.00 312.50 137.50 750.00 625.00 125.00

4008 · Membership Additional Category 0.00 0.00

4014 · Chamber Supporter 110% 1,099.00 3,987.00

4050 · Sandhills Area Foundation 0.00 0.00

Total Membership Income 26,357.97 21,894.76 4,463.21 74,107.41 43,789.52 30,317.89

Programs Income

4010 · HREA (160.00) 400.00 (560.00) 4,480.00 800.00 3,680.00

4011 · Lunchinars 96.00 133.33 (37.33) 251.00 266.66 (15.66)

4030 · Chamber Champions 2,000.00 3,333.33 (1,333.33) 24,000.00 6,666.66 17,333.34

Total Programs Income 1,936.00 3,866.66 (1,930.66) 28,731.00 7,733.32 20,997.68

Services Income

4021 · Affinity Programs 12.90 450.00 (437.10) 207.79 900.00 (692.21)




TOTAL


Total Services Income 12.90 450.00 (437.10) 207.79 900.00 (692.21)

Total Member Services Income 35,150.62 30,865.59 4,285.03 113,529.95 61,731.18 51,798.77

Total Income 38,287.34 35,114.01 3,173.33 140,827.21 70,228.02 70,599.19

Gross Profit 38,287.34 35,114.01 3,173.33 140,827.21 70,228.02 70,599.19

Expense

Advocacy Expenses

Governmental Affairs Expense

5103 · Moore County Summit 0.00 166.67 (166.67) 0.00 333.34 (333.34)

5104 · State of Series 0.00 208.33 (208.33) 0.00 416.66 (416.66)

Total Governmental Affairs Expense 0.00 375.00 (375.00) 0.00 750.00 (750.00)

Total Advocacy Expenses 0.00 375.00 (375.00) 0.00 750.00 (750.00)

Community Development

5200 · MCLI

5205 · MCLI Graduate non-profit 0.00 125.00 (125.00) 0.00 250.00 (250.00)

5207 · Leadership Speaker Programs

5209 · Chick-Fil-A 0.00 500.00 (500.00) 0.00 1,000.00 (1,000.00)

Total 5207 · Leadership Speaker Programs 0.00 500.00 (500.00) 0.00 1,000.00 (1,000.00)

5210 · MCLI Participants Expense 655.82 708.33 (52.51) 4,119.43 1,416.66 2,702.77

5220 · Moore Young Professionals 58.71 58.71

Total 5200 · MCLI 714.53 1,333.33 (618.80) 4,178.14 2,666.66 1,511.48

Total Community Development 714.53 1,333.33 (618.80) 4,178.14 2,666.66 1,511.48

Finance & Operations Expenses

Employee Related Expenses




TOTAL


5400 · Salaries 9,099.02 17,500.00 (8,400.98) 21,546.42 35,000.00 (13,453.58)

5402 · Employee Retirement 0.00 654.17 (654.17) 337.50 1,308.34 (970.84)

5403 · Employee Drug Testing 0.00 4.08 (4.08) 0.00 8.16 (8.16)

5404 · Employee Health Insurance 1,311.54 2,506.83 (1,195.29) 3,278.85 5,013.66 (1,734.81)

5405 · Payroll Taxes 625.37 1,207.25 (581.88) 2,142.57 2,414.50 (271.93)

5406 · Employee Life & Disability 1,093.74 261.67 832.07 1,280.46 523.34 757.12

5407 · Employee Health Adjustments/Fee (28.56) 10.00 (38.56) (18.56) 20.00 (38.56)

Total Employee Related Expenses 12,101.11 22,144.00 (10,042.89) 28,567.24 44,288.00 (15,720.76)

Insurance

5440 · Building 0.00 258.33 (258.33) 0.00 516.66 (516.66)

5441 · D & O 0.00 91.33 (91.33) 0.00 182.66 (182.66)

5442 · General Liability 0.00 56.17 (56.17) 0.00 112.34 (112.34)

5443 · Worker's Compensation 0.00 68.58 (68.58) 0.00 137.16 (137.16)

Total Insurance 0.00 474.41 (474.41) 0.00 948.82 (948.82)

Interest Expense

5450 · Building 1,395.68 1,041.67 354.01 2,943.68 2,083.34 860.34

5451 · Line of Credit 0.00 8.33 (8.33) 0.00 16.66 (16.66)

Total Interest Expense 1,395.68 1,050.00 345.68 2,943.68 2,100.00 843.68

Operations Expenses

5420 · Organizational Improvement 565.23 366.67 198.56 1,995.96 733.34 1,262.62

5421 · Supplies 636.04 333.33 302.71 1,676.65 666.66 1,009.99

5422 · Postage 0.00 375.00 (375.00) 477.70 750.00 (272.30)

5423 · Mileage 281.27 125.00 156.27 412.37 250.00 162.37

5424 · Utilities 1,927.55 1,000.00 927.55 3,743.42 2,000.00 1,743.42

5425 · Repairs & Maintenance 1,319.79 2,944.38

5426 · Bank Charges 172.65 333.33 (160.68) 285.18 666.66 (381.48)

5427 · Depreciation 1,870.00 250.00 1,620.00 3,739.64 500.00 3,239.64

5428 · Dues & Subscriptions 555.00 333.33 221.67 555.00 666.66 (111.66)

5429 · Professional Development 200.00 600.00 (400.00) 500.00 1,200.00 (700.00)




TOTAL


5431 · Professional Services 1,574.97 2,083.33 (508.36) 2,504.42 4,166.66 (1,662.24)

Total Operations Expenses 9,102.50 5,799.99 3,302.51 18,834.72 11,599.98 7,234.74

Total Finance & Operations Expenses 22,599.29 29,468.40 (6,869.11) 50,345.64 58,936.80 (8,591.16)

Member Services Expenses

Marketing & Comm. Expenses

Event Expenses

5032 · Golf Tournament 0.00 416.67 (416.67) 0.00 833.34 (833.34)

5033 · Annual Banquet 554.26 1,166.67 (612.41) 554.26 2,333.34 (1,779.08)

5043 · Festival of Beers 0.00 666.67 (666.67) 0.00 1,333.34 (1,333.34)

5044 · Awards Gala 0.00 208.33 (208.33) 0.00 416.66 (416.66)

Total Event Expenses 554.26 2,458.34 (1,904.08) 554.26 4,916.68 (4,362.42)

5304 · Website 112.50 100.00 12.50 112.50 200.00 (87.50)

5307 · PR with Members 110.67 83.33 27.34 145.96 166.66 (20.70)

5309 · Other Marketing Expense 375.00 333.33 41.67 500.00 666.66 (166.66)

Total Marketing & Comm. Expenses 1,152.43 2,975.00 (1,822.57) 1,312.72 5,950.00 (4,637.28)

Membership Expense

5001 · New Member Packages 0.00 150.00 (150.00) 0.00 300.00 (300.00)

Total Membership Expense 0.00 150.00 (150.00) 0.00 300.00 (300.00)

Programs Expense

5010 · HREA 246.52 183.33 63.19 246.52 366.66 (120.14)

5030 · Chamber Champions 0.00 16.67 (16.67) 0.00 33.34 (33.34)

Total Programs Expense 246.52 200.00 46.52 246.52 400.00 (153.48)

Services Expenses

5022 · Member Orientations 0.00 25.00 (25.00) 0.00 50.00 (50.00)

Total Services Expenses 0.00 25.00 (25.00) 0.00 50.00 (50.00)




TOTAL


Total Member Services Expenses 1,398.95 3,350.00 (1,951.05) 1,559.24 6,700.00 (5,140.76)

Total Expense 24,712.77 34,526.73 (9,813.96) 56,083.02 69,053.46 (12,970.44)

Net Income 13,574.57 587.28 12,987.29 84,744.19 1,174.56 83,569.63


DESCRIPTION NUMBER

TOTAL MEMBERS AS OF 1/1/15 590

Total Members as of 3/27/15 600

DESCRIPTION NUMBER DUESNew Members (New or Rejoined) 14 3,337.00$ Application Fees 8 400.00$

New/Rejoined Members Year to Date 29 7,646.00$ Application Fees Year to Date 21 1,050.00$

Dropped Members 4 1,183.00$ Dropped Members Year to Date 19 6,981.00$

Membership Aged Receivables 91-120 Days in Arrears 0 -$ 61-90 Days in Arrears 2 636.00$ 31-60 Days in Arrears 26 13,823.50$ 0-30 Days in Arrears 39 16,605.00$ TOTAL AR 67 31,064.50$

Membership SnapshotMonthly Goal: 10Yearly goal:108 New Members

Budgeted Income Goals Budgeted Actual Budgeted Income RemainingMembership Income Budgeted $ 32,000.00 7,646.00$ 24,354.00$ Initiation Fee Budgeted 3,750.00$ 1,050.00$ 2,700.00$ Total Budgeted 35,750.00$ 8,696.00$ 27,054.00$

Moore County Chamber of Commerce Membership ReportMembership Report as of March 27, 2015

# Company/Organization Dues Payment Plan Notes1 Clift Commercial 328.00$ Paid in Full Rejoined2 Atlantic Bay Mortgage 295.00$ Paid in Full3 Little River Vineyards 295.00$ Paid in Full4 Goneau Construction Design and Development 295.00$ Paid in Full5 The Country Book Shop 354.00$ Paid in Full Rejoined6 The Wine Cellar & Tasting Room 295.00$ Paid in Full Rejoined7 MyGolf 295.00$ Semi-Annual8 Hot Asana Yoga Studio & Boutique 295.00$ Paid in Full Rejoined9 The Academy of Moore 295.00$ Paid in Full Rejoined

10 ShutterCrafters 295.00$ Paid in Full11 Sandhills Law Group - Southern Pines -$ Courtesy Will be billed in June12 Sandhills Law Group - Carthage -$ Courtesy Will be billed in June13 Sandhills Law Group - Pinehurst -$ Courtesy Will be billed in June14 Interim Healthcare 295.00$ Paid in Full

TOTAL NEW 3,337.00$

Moore County Chamber of Commerce Membership ReportNew Members as of March 27, 2015

# Company/Organization Name Drop Reason Total Dues Payment Plan Renewal Month1 Baptist Children's Home of NC Non-Payment 268.00$ Paid in Full December2 Raytheon Company Moved/Closed 379.00$ Paid in Full December3 Affordable Clenaing Service Requested 268.00$ Paid in Full March4 Donnell G. Adams, Attorney at Law Merged 268.00$ Paid in Full October

TOTAL Dropped 1,183.00$

Moore County Chamber of Commerce Membership ReportDropped Members as of March 27, 2015

# Name Open Balance Notes1 AAA Vacations 389.00$ Reminder Letters to be mailed 5/1/20152 American Cancer Society 324.00$ Reminder Letters to be mailed 5/1/20153 Anegram Studio 324.00$ Reminder Letters to be mailed 5/1/20154 Appalachian Physical Therapy, Inc 324.00$ Reminder Letters to be mailed 5/1/20155 AutoWerks 324.00$ Reminder Letters to be mailed 5/1/20156 Baseline Construction 324.00$ Reminder Letters to be mailed 5/1/20157 Benchmark Ministeries 324.00$ Reminder Letters to be mailed 5/1/20158 BVH Construction 324.00$ Reminder Letters to be mailed 5/1/20159 Carolina Cosmetix and Regenix 324.00$ Reminder Letters to be mailed 5/1/2015

10 Carolina Treatment Center 324.00$ Reminder Letters to be mailed 5/1/201511 Clear Water Solutions 324.00$ Reminder Letters to be mailed 5/1/201512 CVB 389.00$ Reminder Letters to be mailed 5/1/201513 Disaster One 324.00$ Reminder Letters to be mailed 5/1/201514 Edward Jones Investment 309.25$ Reminder Letters to be mailed 5/1/201515 Eye Care Associates 389.00$ Reminder Letters to be mailed 5/1/201516 Full Moon Oyster 389.00$ Reminder Letters to be mailed 5/1/201517 G & G develpoment 324.00$ Reminder Letters to be mailed 5/1/201518 Given Memorial Library 324.00$ Reminder Letters to be mailed 5/1/201519 Green Dreams 389.00$ Reminder Letters to be mailed 5/1/201520 Integrity Builders 324.00$ Reminder Letters to be mailed 5/1/201521 Kingswood Nursing 329.75$ Reminder Letters to be mailed 5/1/201522 Merry Maids 389.00$ Reminder Letters to be mailed 5/1/201523 Nationwide 324.00$ Reminder Letters to be mailed 5/1/201524 Pinecrest HS 324.00$ Reminder Letters to be mailed 5/1/201525 PNC Financial 1,639.00$ Reminder Letters to be mailed 5/1/201526 Professional Protection 354.00$ Reminder Letters to be mailed 5/1/201527 Sandhills Bowling 324.00$ Reminder Letters to be mailed 5/1/201528 Social Butterfly 324.00$ Reminder Letters to be mailed 5/1/201529 The Entreprenuer Source 324.00$ Reminder Letters to be mailed 5/1/201530 The Fayetteville Observer 324.00$ Reminder Letters to be mailed 5/1/201531 The Laster Institute of Pinehurst 324.00$ Reminder Letters to be mailed 5/1/201532 The mosquito Authority 324.00$ Reminder Letters to be mailed 5/1/201533 The Sunrise Preservation Group 324.00$ Reminder Letters to be mailed 5/1/201534 Towering Pines Real Estate 324.00$ Reminder Letters to be mailed 5/1/201535 Trinity Christian Fellowship 324.00$ Reminder Letters to be mailed 5/1/201536 tylers Ridge at Sandhills 1,433.00$ Reminder Letters to be mailed 5/1/201537 The Highland Apartments 702.00$ Reminder Letters to be mailed 5/1/201538 The Timberlane Apartments 702.00$ Reminder Letters to be mailed 5/1/201539 The Greemont Apartments 702.00$ Reminder Letters to be mailed 5/1/2015

TOTAL DUE 16,605.00$

1-30 Days

Moore County Chamber of Commerce Membership Report

Membership Renewals Aged Receivables as of March 27, 2015

Page 4 of 5

# Name Open Balance Notes1 Airport Tranportation And Moore 324.00$ Reminder Letters to be mailed 4/1/20152 American Red Cross 324.00$ Reminder Letters to be mailed 4/1/20153 Arts Council of Moore County, Inc. 324.00$ Reminder Letters to be mailed 4/1/20154 Bill Reaves Construction 324.00$ Reminder Letters to be mailed 4/1/20155 Century21 Prime Properties 357.00$ Reminder Letters to be mailed 4/1/20156 CenturyLink 698.00$ Reminder Letters to be mailed 4/1/20157 Comfort Inn 282.50$ Reminder Letters to be mailed 4/1/20158 First Citizens Bank - Pinehurst 1,590.00$ Reminder Letters to be mailed 4/1/20159 Jackson Lewis 406.00$ Reminder Letters to be mailed 4/1/2015

10 Jordan Distributing 324.00$ Reminder Letters to be mailed 4/1/201511 K2 Solutions 1,037.00$ Reminder Letters to be mailed 4/1/201512 Kardia Counseling 67.00$ Reminder Letters to be mailed 4/1/201513 Lafferty Plumbing 324.00$ Reminder Letters to be mailed 4/1/201514 Max Motion 324.00$ Reminder Letters to be mailed 4/1/201515 Moore County Government 2,035.00$ Reminder Letters to be mailed 4/1/201516 Moore Republican Women 324.00$ Reminder Letters to be mailed 4/1/201517 Old Glory Legacy Foundation 324.00$ Reminder Letters to be mailed 4/1/201518 Olmsted Cleaners 389.00$ Reminder Letters to be mailed 4/1/201519 Pinehurst/Southern Pines Realtors 324.00$ Reminder Letters to be mailed 4/1/201520 Prancing Horse, Inc. 324.00$ Reminder Letters to be mailed 4/1/201521 Quail Haven Village 1,145.00$ Reminder Letters to be mailed 4/1/201522 Relocation Guide 324.00$ Reminder Letters to be mailed 4/1/201523 Ring the Pines, LLC 324.00$ Reminder Letters to be mailed 4/1/201524 Southern Pines Sister Cities 324.00$ Reminder Letters to be mailed 4/1/201525 Southern Software, Inc. 771.00$ Reminder Letters to be mailed 4/1/201526 Staples 510.00$ Reminder Letters to be mailed 4/1/2015

TOTAL DUE 13,823.50

# Name Open Balance Notes1 Kuester Management Group 318.00$ Reminder Letters to be mailed 4/1/20152 Nicole Marie Hope Photography 318.00$ Reminder Letters to be mailed 4/1/2015

TOTAL DUE 636.00

# Name Open Balance Notes

61-90 Days

91-120 Days

None

31-60 Days

Page 5 of 5

For Immediate Release March 25, 2015 Contact: Linda M. Parsons, President and CEO Phone: 910.692.2936 Email: [email protected] More than 250 Chamber Urge Congress to Fund Transportation SOUTHERN PINES, NC - The Moore County Chamber of Commerce was pleased to join more than 250 local, regional and state chambers of commerce urging Congress to resolve the impending insolvency of the Federal Highway Trust Fund, and to pass a long term federal transportation authorization bill. The Moore County Chamber understands infrastructure investment is an important economic issue. Without a sustainable source of funding, the Federal Highway Trust Fund will be in a deep deficit that will require major cuts, or potential halts, in highway and transit projects which would jeopardize much needed economic and job growth to our communities. “We know a reliable and resilient transportation network is vital to the economy,” says Linda Parsons, President and CEO of the Moore County Chamber of Commerce. “We need a sustainable and reliable source of funding to grow jobs and keep the country moving.” Increased transportation costs continue to impact the business community. As further support from the business community for a long-term solution, The Moore County Chamber of Commerce was pleased to join Chambers of Commerce in 42 states by sending a letter to Congressional House and Senate Republican leaders and the chairmen of each chamber’s transportation committee, urging them to make passing a long-term extension of the Highway Trust Fund and reauthorization of the surface transportation bill “a top legislative priority.” “After several years of Band-Aid approaches to funding America’s transportation infrastructure, it’s time to find a solution for the benefit of all U.S. businesses that play a role in driving our economy in the right direction. That starts with a long-term solution that funds America’s highway and transit networks and keeps us moving forward.” said Linda Parsons The mission of the Moore County Chamber of Commerce is to foster a vibrant business community and exists to help strengthen the local economy and promote and preserve a quality of life that is second to none.

Click on the following link to view a copy of the U.S. Infrastructure Investment letter to Congress at: www.acce.org/transportation.

chairman andrew lyons - anna edwards, wells fargo advisors

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