11:06 AM Fort Belmont/JCT, Inc.

02/18/11 Profit & Loss

Accrual Basis January through December 2010

Jan - Dec 10
Ordinary Income/Expense
Income
Direct Public Support
Delafield Church Fund 340.00
Donations, Contributions 5,283.06
Total Direct Public Support 5,623.06
Indirect Public Support
Grants, Fundraising Federations 20,722.42
Indirect Public Support - Other 10,000.00
Total Indirect Public Support 30,722.42
Other Types of Income
Gift Shop Sales 2,118.74
Miscellaneous, Billboard Lease 4,045.00
WWW Services 648.76
Other Types of Income - Other 70.00
Total Other Types of Income 6,882.50
Program Income
Admissions 3,341.00
Building Rental 730.00
Lunchstand Rendezvous 726.50
Membership Dues 250.00
Program Fees, Raffle 1,619.00
Rifle Raffle 1,260.00
Total Program Income 7,926.50

Total Income 51,154.48

Gross Profit 51,154.48

Expense
Business Expenses
Interest paid on loans, account 458.57
Permits, Registration, Licenses 25.00
Sales Tax 197.53
Business Expenses - Other 192.25
Total Business Expenses 873.35
Contract Services
Accounting Fees 375.00
Outside Contract Services 21,288.88
Total Contract Services 21,663.88
Facilities and Equipment
Equip Rental and Maintenance 527.01
Equipment purchases 1,753.23
Maintenance, grounds/buildings 22,882.39
Property Insurance 3,331.64
Rent, Parking, Utilities 1,750.06
Total Facilities and Equipment 30,244.33
Meetings, Room Rent 30.00
Operations
Dues, Subscriptions, Reference 439.80
Office Supplies, food, beverage 169.97
Postage, Mailing Service 30.92
Printing and Copying 22.98
Telephone, Telecommunications 608.64
Total Operations 1,272.31
Other Types of Expenses
Gift Shop Expenses 1,043.04
Insurance Liability, D and O 1,387.86
Marketing & Advertising 2,859.51
Other Program Costs 1,241.76
Raffle Expense 297.00
Rendezvous Expense 1,519.96
WWW services donation 324.38
Other Types of Expenses - Other 37.06
Total Other Types of Expenses 8,710.57

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11:06 AM Fort Belmont/JCT, Inc.
02/18/11 Profit & Loss
Accrual Basis January through December 2010

Jan - Dec 10

Total Expense 62,794.44

Net Ordinary Income -11,639.96

Net Income -11,639.96

Page 2
11:02 AM Fort Belmont/JCT, Inc.
02/18/11 Balance Sheet
Accrual Basis As of December 31, 2010

Dec 31, 10
ASSETS
Current Assets
Checking/Savings
Bank Midwest Checking 14,323.85
Total Checking/Savings 14,323.85
Accounts Receivable
Allowance for Doubtful Accounts 265.00
Total Accounts Receivable 265.00

Total Current Assets 14,588.85

TOTAL ASSETS 14,588.85

LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Grants Payable 121.52
Total Accounts Payable 121.52

Total Current Liabilities 121.52

Long Term Liabilities
Notes, Mortgages, and Leases 15,000.00
Total Long Term Liabilities 15,000.00

Total Liabilities 15,121.52

Equity
Opening Bal Equity 8,147.60
Unrestricted Net Assets 2,959.69
Net Income -11,639.96
Total Equity -532.67

TOTAL LIABILITIES & EQUITY 14,588.85

Page 1
Fort Belmont / JCT 3-Year Budget

Income: Actual 2008 Budget 2009 Actual 2009 Budget 2010 Actual 2010 Budget 2011 Budget 2012 Budget 2013
Admissions $ 1,505 $ 2,500 $ 2,551 $ 2,750 $ 3,341 $ 3,000 $ 3,100 $ 3,200
Billboard Rental $ 3,780 $ 3,780 $ 3,780 $ 3,780 $ 3,780 $ 3,780 $ 3,780 $ 3,780
Building, Farmhouse Rental $ 712 $ 200 $ 50 $ 100 $ 130 $ 100 $ 100 $ 100
Church Wedding Rental $ 350 $ 300 $ 450 $ 500 $ 600 $ 400 $ 450 $ 500
City of Jackson $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000
Civic Club Donation $ - $ - $ - $ - $ - $ - $ - $ -
County Support $ - $ - $ - $ - $ - $ - $ - $ -
Donations - Private $ 5,300 $ 3,000 $ 3,542 $ 3,250 $ 5,623 $ 3,500 $ 3,600 $ 3,700
Farm Ground $ - $ - $ - $ - $ - $ - $ - $ -
Gift Shop Income $ 3,043 $ 3,000 $ 2,356 $ 3,000 $ 2,119 $ 2,500 $ 2,600 $ 2,700
Grant - Lodging Advertising $ 3,033 $ 2,500 $ 5,094 $ 4,400 $ 4,403 $ 4,185 $ 4,000 $ 4,000
Grant - REA Operation Rdup $ 250 $ 500 $ 800 $ 350 $ 1,350 $ 350 $ 450 $ 550
Grants Other/ Remmick, Bank $ 5,900 $ - $ 6,500 $ 8,000 $ 12,149 $ 1,000 $ 1,100 $ 1,200
Memberships Sold $ 75 $ 300 $ 175 $ 300 $ 250 $ 225 $ 250 $ 275
Miscellanous Income $ 1,559 $ 100 $ 166 $ 150 $ - $ 100 $ 150 $ 175
Raffle $ 1,113 $ 1,200 $ 2,260 $ 2,000 $ 2,879 $ 2,250 $ 2,250 $ 2,500
Rendezvous Income $ 398 $ 750 $ 739 $ 800 $ 797 $ 800 $ 850 $ 900
Spring Fund-raiser $ 1,176 $ 1,500 $ 2,058 $ 2,000 $ 1,592 $ 1,600 $ 1,700 $ 1,800
WWW Offerings $ 562 $ 400 $ 453 $ 450 $ 649 $ 475 $ 500 $ 525
Totals: $ 38,755 $ 30,030 $ 40,975 $ 41,830 $ 49,662 $ 34,265 $ 34,880 $ 35,905

Expenses:
Accounting/Legal Fees $ 360 $ 400 $ 345 $ 400 $ 452 $ 425 $ 450 $ 475
Administrative Support $ 2,000 $ 2,000 $ 2,000 $ 2,000 $ 2,000 $ 2,000 $ 2,250 $ 2,500
Base Rent - County $ 1 $ 1 $ 1 $ 1 $ 1 $ 1 $ 1 $ 1
Coordinator Wages $ 4,000 $ 5,000 $ 4,850 $ 5,000 $ 4,000 $ 4,500 $ 5,000 $ 5,000
Electricity, Phone & Security $ 1,412 $ 1,400 $ 1,501 $ 1,500 $ 1,551 $ 1,600 $ 1,700 $ 1,800
Equipment Purchases $ 2,675 $ 500 $ - $ 600 $ 1,753 $ 500 $ 600 $ 700
Gift Shop Purchases $ 3,119 $ 3,000 $ 992 $ 2,000 $ 1,043 $ 1,500 $ 1,750 $ 2,000
Insurance, Liability/Property $ 4,048 $ 4,500 $ 4,134 $ 4,500 $ 4,719 $ 4,800 $ 4,900 $ 5,000
Loan Payments (Bank) $ 5,000 $ 5,000 $ 5,000 $ 3,994 $ 4,134 $ 3,582 $ 3,690 $ 3,518
LP Furnace / FCA Coop $ 1,229 $ 1,100 $ 722 $ 1,100 $ 686 $ 1,000 $ 1,100 $ 1,200
q p
Maintenance Equipment /Rental $ - $ 500 $ 509 $ 500 $ 527 $ 500 $ 600 $ 700
Maintenance Grounds Buildings $ 2,442 $ 2,500 $ 4,636 $ 3,000 $ 1,502 $ 1,600 $ 1,700 $ 1,800
Marketing/Promotion/Ads $ 4,787 $ 3,500 $ 4,922 $ 4,403 $ 2,860 $ 3,000 $ 3,100 $ 3,200
Miscellanous $ 121 $ 200 $ 100 $ 200 $ 100 $ 150 $ 175 $ 200
Museum Purchases/Repair $ 1,659 $ 1,000 $ 704 $ 1,100 $ 157 $ 500 $ 600 $ 700
Office Supplies, printing, copy $ 384 $ 300 $ 506 $ 350 $ 193 $ 300 $ 400 $ 500
Permits, Dues, Subscriptions $ 180 $ 200 $ 255 $ 225 $ 385 $ 200 $ 225 $ 250
Postage $ 118 $ 100 $ 171 $ 150 $ 31 $ 125 $ 150 $ 175
Other Program Costs $ 3,801 $ 2,500 $ 1,095 $ 2,500 $ 1,309 $ 1,500 $ 1,600 $ 1,700
Raffle Expense $ 200 $ 600 $ 1,287 $ 200 $ 297 $ 300 $ 600 $ 600
Rendezvous Expense $ 1,520 $ 1,500 $ 1,600 $ 1,700
Sales Tax $ 276 $ 275 $ 310 $ 300 $ 198 $ 200 $ 225 $ 250
Signage & Software $ - $ 500 $ - $ 500 $ - $ 500 $ 600 $ 700
WWW Offerings - split 50% $ 281 $ 200 $ 226 $ 225 $ 324 $ 250 $ 275 $ 300
Subtotal $ 38,091 $ 35,276 $ 34,267 $ 34,748 $ 29,743 $ 30,533 $ 33,291 $ 34,969
Capital Improvement Projects:
Black Smith Shop $ - $ - $ - $ - $ - $ - $ - $ -
Capital Impvmts (Electrical, etc) $ - $ - $ 616 $ - $ - $ - $ - $ -
Delafield Church (Shingle project) $ - $ - $ - $ 25,000 $ 16,512 $ - $ - $ -
Farmhouse/Summer Kitchen $ - $ - $ - $ - $ - $ - $ - $ -
Small White Display Building $ - $ - $ - $ - $ - $ 500 $ - $ -
Grist Mill & Landscaping $ 976 $ 2,024 $ 9,536 $ - $ 800 $ 1,500 $ - $ -
Informational Kiosk $ - $ - $ - $ - $ - $ 1,000 $ - $ -
Log Cabin & Stockade $ - $ - $ - $ - $ - $ - $ - $ -
Old Fort Tower Move Project $ - $ - $ 4,326 $ 13,845 $ 19,167 $ - $ - $ -
Maintenance Shed $ - $ - $ - $ - $ - $ - $ - $ -
Museum Building $ - $ - $ - $ - $ - $ - $ - $ -
Parking Lot $ - $ - $ - $ - $ - $ - $ - $ -
Sod House $ - $ - $ - $ - $ - $ - $ - $ -
Subtotal $ 976 $ 2,024 $ 14,478 $ 38,845 $ 36,479 $ 3,000 $ - $ -
Total Expense $ 39,067 $ 37,300 $ 48,745 $ 73,593 $ 66,221 $ 33,533 $ 33,291 $ 34,969

Net Income/Loss $ (311) $ (7,270) $ (7,770) $ (31,763) $ (16,559) $ 732 $ 1,589 $ 937

BUDGET FORT BELMONT 3-YEAR 2/22/2011