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HomeMy WebLinkAboutRestaurant Association BID Agenda Packet 07/22/2015CITY OF NEWPORT BEACH RESTAURANT ASSOCIATION AGENDA 1600 Newport Center Drive, Suite 120, Newport Beach & Company Offices Regular Board Meeting July 22, 20159:30 AM BUSINESS IMPROVEMENT DISTRICT BOARD MEMBERS Jim Walker, Director Sheri Drewry, Director Alexandra Robinson, Director Antonio Bevacqua, Director Joe Campbell, Director Stephen Joyce, Director Dan Miller, Director Cindy O' Shea, Director Mario Marovic, Director John Robinson, Director Ronald Schwartz, Director I. CALL MEETING TO ORDER II. ROLL CALL III. PUBLIC COMMENTS ON AGENDA ITEMS Public comments are invited on agenda and non-agenda items generally considered to be within the subject matter jurisdiction of the Committee. Speakers must limit comments to 3 minutes. Before speaking, we invite, but do not require, you to state your name for the record. The Committee has the discretion to extend or shorten the speakers' time limit on agenda or non-agenda items, provided the time limit adjustment is applied equally to all speakers. As a courtesy, please turn cell phones off or set them in the silent mode. IV. APPROVAL OF MINUTES Approval of Minutes SUMMARY: Review the draft May 27, 2015 meeting minutes. RECOMMENDED ACTION: Board to approve the minutes from the May 27, 2015 meeting. V. CURRENT BUSINESS A. Election of BID Officers for FY 2015-2016 SUMMARY: Board to accept nominations for serving FY 2015-2016 for President, Vice-President, Treasurer and Secretary RECOMMENDED ACTION: Board to elect officer for FY 2015-2016 B. BID Financial Reports SUMMARY: Discussion and analysis of the BID financials for May and June 2015. RECOMMENDED ACTION: Board to accept and file the financials for May and June 2015 C. NBRA BID Report (Walker & Peak) SUMMARY: 1. Strategic Plan Update for FY 2015-2016 2. Member survey update 3. Update on restaurants affected by construction on West Coast Highway 4. Minimum wage forum RECOMMENDED ACTION: None D. Marketing Report (Peak) SUMMARY: Summer Marketing Campaign Promotions & Newsletter New Website Features Fall Marketing Campaign Industry Update RECOMMENDED ACTION: None VI. NBRA BID ANNOUNCEMENTS OR MATTERS WHICH MEMBERS WOULD LIKE PLACED ON A FUTURE AGENDA FOR DISCUSSION, ACTION OR REPORT (NON-DISCUSSION ITEMS) VII. PUBLIC COMMENTS ON NON-AGENDA ITEMS Public comments are invited on agenda and non-agenda items generally considered to be within the subject matter jurisdiction of the Committee. Speakers must limit comments to 3 minutes. Before speaking, we invite, but do not require, you to state your name for the record. The Committee has the discretion to extend or shorten the speakers' time limit on agenda or non-agenda items, provided the time limit adjustment is applied equally to all speakers. As a courtesy, please turn cell phones off or set them in the silent mode. VIII. ADJOURNMENT The NBRA BID is subject to the Ralph M. Brown Act. Among other things, the Brown Act requires that the NBRA BID be posted at least seventy-two (72) hours in advance of each regular meeting and that the public be allowed to comment on agenda items before the NBRA BID and items not on the agenda but are within the subject matter jurisdiction of the NBRA BID . The NBRA BID may limit public comments to a reasonable amount of time, generally three (3) minutes per person. It is the intention of the City of Newport Beach to comply with the Americans with Disabilities Act ("ADA") in all respects. If, as an attendee or a participant at this meeting, you will need special assistance beyond what is normally provided, the City of Newport Beach will attempt to accommodate you in every reasonable manner. If requested, this agenda will be made available in appropriate alternative formats to persons with a disability, as required by Section 202 of the Americans with Disabilities Act of 1990 (42 U.S.C. Sec. 12132), and the federal rules and regulations adopted in implementation thereof. Please contact the City of Newport Beach at least forty-eight (48) hours prior to the meeting to inform us of your particular needs and to determine if accommodation is feasible at 949-644-3074 or nbrabid@newportbeachca.gov. NEWPORT BEACH ITEM TITLE: Approval of Minutes ITEM SUMMARY: Review the draft May 27, 2015 meeting minutes. RECOMMENDED ACTION: Board to approve the minutes from the May 27, 2015 meeting. ATTACHMENTS: Description Draft Meeting Minutes from May 27, 2015   Page 1 of 3 Newport Beach Restaurant Association Business Improvement District Board Meeting Minutes – May 27, 2015 Newport Beach & Company 1600 Newport Center Drive, Suite 120 Newport Beach, CA 92660 I. CALL MEETING TO ORDER President Walker called the meeting to order at 9:41 a.m. II. ROLL CALL Directors Present: Jim Walker The Bungalow Restaurant Joe Campbell Ruby’s Diner Dan Miller Village Inn Cindy O’Shea Whole Foods Market & Back Bay Tavern Cathy Pavlos Provenance Ronald Schwartz Muldoon’s Irish Pub Quorum Achieved Directors Absent: Sheri Drewry Wilma’s Patio Stephen Joyce Newport Beach Tennis Club Thomas Giulioni Back Bay Bistro Alexandra Robinson Park Avenue Café John Robinson Amelia’s BID Administrator Present: Polly Peak, Marketing Consultant Newport Beach & Company Guests Present: Doug McClain Newport Beach & Company Jim Mosher Newport Beach Resident Terry Solon NBRA Member, McDonald’s Chris Trela Newport Beach Independent III. PUBLIC COMMENTS ON AGENDA ITEMS None IV. APPROVAL OF MINUTES • President Walker requested a motion to approve the minutes from the April 22, 2015 meeting. • Ms. Peak clarified that Director A. Robinson’s first name was incorrect in a section of the minutes and should be amended to Alexandra Robinson.   Page 2 of 3 MOTION: Director Campbell moved to approve the amended April 22, 2015 meeting minutes. Director O’Shea seconded the motion. The motion carried by the following vote: Ayes: Walker, Campbell, Miller, O’Shea, Pavlos, Schwartz V. CURRENT BUSINESS A. BID FINANCIAL REPORTS • President Walker reviewed the BID financials for March & April 2015. MOTION: Director Miller moved to accept and file the March & April. 2015. Director Schwartz seconded the motion. The motion carried by the following vote: Ayes: Walker, Campbell, Miller, O’Shea, Pavlos, Schwartz PRESIDENT’S REPORT • President Walker reported on the following items: o Update on the Strategic Plan 2014-2015 Key Initiatives. o Membership Advisory Committee - The City will be sending out the survey letter in the coming months to all members requesting more information about the business such as category, number of employees, occupancy, etc. o Staff is planning NBRA member neighborhood mixers in the next fiscal year in order to connect with the NBRA members in on a local level and better educate the members on industry issues and NBRA services and benefits. o Photo shoot of the NBRA FY 2015-2016 Board of Directors will take place on Monday, June 8 at 4:30pm in the Newport Beach & Co office. A reception following the shoot will recognize past board members for their service and welcome incoming board members. o Issues surrounding restaurants affected by the West Coast Highway construction. • NBRA member Terry Solon discussed how the highway construction has adversely affected his business on Coast Highway, and suggested that the NBRA fees for the coming year be waived. o President Walker clarified that the NBRA does not have the authority to waive those fees without consent of City Council, but provided other options to work with the City and the OC Sanitation Department to possibly compensate NBRA members and other business for losses incurred during the construction project. o It was suggested that NBRA gather more data and information from businesses in the construction zone, and then notify City Council of this issue and ask for assistance. • President Walker discussed the proposed statewide increase in minimum wage issue, and how it will be affecting restaurants throughout the state. o It was suggested that NBRA get more organized politically and work closer with the California Restaurant Association. Also possibly work with the NB and CDM chambers to conduct a minimum wage forum.   Page 3 of 3 B. MARKETING REPORT • Ms. Peak provided an update on the following items: o Monthly promotions and consumer newsletter o Spring | Summer marketing campaign o Online website and social media metrics o Industry Update § Western Foodservice & Hospitality Expo August 23-25 in LA. • Ms. Peak distributed a 2015-2016 Planning Timeline for the NBRA that includes, NBRA Meeting, marketing campaigns, events, newsletter distribution schedules, PR Campaigns, etc. VI. NBRA BID ANNOUNCEMENTS OR MATTERS, WHICH MEMBERS WOULD LIKE PLACED ON A FUTURE AGENDA FOR DISCUSSION, ACTION OR REPORT (NON- DISCUSSION ITEMS) None VII. PUBLIC COMMENTS ON NON-AGENDA ITEMS None VIII. ADJOURNMENT The meeting adjourned at 10:37 a.m. The next board meeting will be Wednesday, July 22, 2015 at 9:30 a.m. at Newport Beach and Company. NEWPORT BEACH ITEM TITLE: BID Financial Reports ITEM SUMMARY: Discussion and analysis of the BID financials for May and June 2015. RECOMMENDED ACTION: Board to accept and file the financials for May and June 2015 ATTACHMENTS: Description NBRA BID FInancial Reports for May 2015 NBRA BID Financial Reports for June 2015 May 31, 15 ASSETS Current Assets Checking/Savings Bill.com Money Out Clearing -1,347.54 1010 · Bank Balance 88,135.16 1260 · City Appropriation Acct Jan 10 1,558.45 Total Checking/Savings 88,346.07 Accounts Receivable 1310 · Accounts Receivable Bad Debt A/R -8,195.17 1310 · Accounts Receivable - Other -5,384.27 Total 1310 · Accounts Receivable -13,579.44 Total Accounts Receivable -13,579.44 Other Current Assets 1320 · Undeposited Funds 400.00 Total Other Current Assets 400.00 Total Current Assets 75,166.63 Other Assets AR Clearing -1,929.96 Total Other Assets -1,929.96 TOTAL ASSETS 73,236.67 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000 · Accounts Payable -1,000.00 Total Accounts Payable -1,000.00 Total Current Liabilities -1,000.00 Total Liabilities -1,000.00 Equity 3900 · Retained Earnings 15,948.70 Net Income 58,287.97 Total Equity 74,236.67 TOTAL LIABILITIES & EQUITY 73,236.67 12:25 PM Restaurant Association Business Improvement District 06/11/15 Balance Sheet Cash Basis As of May 31, 2015 Page 1 May 15 Ordinary Income/Expense Income 4000 · NBRA Income 4010 · Member Assessment 2,853.50 4015 · Late Fees 1,319.25 Total 4000 · NBRA Income 4,172.75 Total Income 4,172.75 Gross Profit 4,172.75 Expense 6000 NBRA Expenses 6290 Marketing Consultation 6,000.00 6310 Operational Reimbursement 918.76 Total 6000 NBRA Expenses 6,918.76 7000 NBRW Expenses 7100 Campaign Marketing Expense 2,000.00 Total 7000 NBRW Expenses 2,000.00 8000 Prior Year Expense Bad Debt(Assessment Write-off)0.00 Bad Debt(Finance Chg Write-off)0.00 Total 8000 Prior Year Expense 0.00 Total Expense 8,918.76 Net Ordinary Income -4,746.01 Net Income -4,746.01 12:24 PM Restaurant Association Business Improvement District 06/11/15 Profit & Loss Cash Basis May 2015 Page 1 May 31, 15 Beginning Balance 91,545.84 Cleared Transactions Checks and Payments - 3 items -8,928.76 Deposits and Credits - 15 items 5,534.58 Total Cleared Transactions -3,394.18 Cleared Balance 88,151.66 Uncleared Transactions Checks and Payments - 1 item -400.00 Deposits and Credits - 3 items 383.50 Total Uncleared Transactions -16.50 Register Balance as of 05/31/2015 88,135.16 New Transactions Checks and Payments - 1 item -7,105.01 Deposits and Credits - 4 items 650.42 Total New Transactions -6,454.59 Ending Balance 81,680.57 12:19 PM Restaurant Association Business Improvement District 06/11/15 Reconciliation Summary 1010 · Bank Balance, Period Ending 05/31/2015 Page 1 Type Date Num Name Clr Amount Balance Beginning Balance 91,545.84 Cleared Transactions Checks and Payments - 3 items General Journal 05/08/2015 AJE66 X -6,918.76 -6,918.76 Check 05/11/2015 X -10.00 -6,928.76 General Journal 05/12/2015 AJE67 X -2,000.00 -8,928.76 Total Checks and Payments -8,928.76 -8,928.76 Deposits and Credits - 15 items Deposit 04/07/2015 X 300.00 300.00 Deposit 04/16/2015 X 544.00 844.00 Deposit 04/17/2015 X 95.00 939.00 Deposit 04/23/2015 X 95.00 1,034.00 Deposit 04/24/2015 X 63.33 1,097.33 Deposit 04/27/2015 X 574.67 1,672.00 Deposit 04/30/2015 X 63.33 1,735.33 Deposit 05/01/2015 X 1,551.00 3,286.33 Deposit 05/04/2015 X 95.00 3,381.33 Deposit 05/04/2015 X 190.00 3,571.33 Deposit 05/05/2015 X 1,345.75 4,917.08 Deposit 05/07/2015 X 87.08 5,004.16 Deposit 05/08/2015 X 142.50 5,146.66 Deposit 05/11/2015 X 142.50 5,289.16 Deposit 05/11/2015 X 245.42 5,534.58 Total Deposits and Credits 5,534.58 5,534.58 Total Cleared Transactions -3,394.18 -3,394.18 Cleared Balance -3,394.18 88,151.66 Uncleared Transactions Checks and Payments - 1 item Sales Receipt 11/18/2014 1 Bistro Le Crillon -400.00 -400.00 Total Checks and Payments -400.00 -400.00 Deposits and Credits - 3 items Deposit 05/14/2015 166.25 166.25 Deposit 05/18/2015 71.25 237.50 Deposit 05/21/2015 146.00 383.50 Total Deposits and Credits 383.50 383.50 Total Uncleared Transactions -16.50 -16.50 Register Balance as of 05/31/2015 -3,410.68 88,135.16 New Transactions Checks and Payments - 1 item General Journal 06/10/2015 AJE68 -7,105.01 -7,105.01 Total Checks and Payments -7,105.01 -7,105.01 Deposits and Credits - 4 items Deposit 06/02/2015 500.00 500.00 Deposit 06/04/2015 63.33 563.33 Deposit 06/05/2015 31.67 595.00 Deposit 06/09/2015 55.42 650.42 Total Deposits and Credits 650.42 650.42 Total New Transactions -6,454.59 -6,454.59 Ending Balance -9,865.27 81,680.57 12:20 PM Restaurant Association Business Improvement District 06/11/15 Reconciliation Detail 1010 · Bank Balance, Period Ending 05/31/2015 Page 1 Date Source Name Memo Account Paid Amount AAA Flag & Banner Mfg. Co., Inc. 02/09/2015 AAA Flag & Banner Mfg. Co., Inc.Street Pole Banners 7100 Campaign Marketing E...8,283.60 Total AAA Flag & Banner Mfg. Co., Inc.8,283.60 Adsavvy, Inc. 02/04/2015 Adsavvy, Inc.Distribution of NBRA marketing...7100 Campaign Marketing E...1,000.00 Total Adsavvy, Inc.1,000.00 Bank of America 01/15/2015 Bank of America Bank Service Charge 6350 · Bank Service Charges 16.04 Total Bank of America 16.04 California Restaurant Association 10/24/2014 California Restaurant Association ASDUES09/01/2014 to 08/31/2...6240 Public Relations 300.00 Total California Restaurant Association 300.00 CBS Radio01/09/2015 CBS Radio Restaurant Week On-Air Prom...7100 Campaign Marketing E...5,000.00 Total CBS Radio 5,000.00 City of Newport Beach (Revenue) 04/01/2015 City of Newport Beach (Revenue)Water Bill Inserts for Restaura...7100 Campaign Marketing E...210.26 Total City of Newport Beach (Revenue)210.26 Corona del Mar BID 07/15/2014 Corona del Mar BID transfer member pmt to NBRA ...Suspense 331.50 Total Corona del Mar BID 331.50 Dining Out 09/11/2014 Dining Out Summer/Fall 2014 DiningOut ...6170 Media Advertising Cam...9,000.00 01/23/2015 Dining Out Full Page Ad 7100 Campaign Marketing E...2,000.00 05/12/2015 Dining Out Display Ad - Spring 2015 - Dini...7100 Campaign Marketing E...2,000.00 Total Dining Out 13,000.00 Firebrand Media, LLC 02/04/2015 Firebrand Media, LLC Advertising and promo card ins...7100 Campaign Marketing E...1,795.00 02/09/2015 Firebrand Media, LLC Advertising inserts in Laguna B...7100 Campaign Marketing E...1,630.00 02/09/2015 Firebrand Media, LLC E-Newsletter Blasts 7100 Campaign Marketing E...75.00 02/09/2015 Firebrand Media, LLC Advertising inserts in Newport ...7100 Campaign Marketing E...1,930.00 Total Firebrand Media, LLC 5,430.00 Golden Communications, Inc. 07/17/2014 Golden Communications, Inc.June 6190 Website Database Mai...169.00 10/29/2014 Golden Communications, Inc.Monthly Maintenance / Adminis...6190 Website Database Mai...169.00 10/29/2014 Golden Communications, Inc.Monthly Maintenance / Adminis...6190 Website Database Mai...169.00 Total Golden Communications, Inc.507.00 Locale Magazine 01/28/2015 Locale Magazine Full Page Ad, Side Banner Ad, ...7100 Campaign Marketing E...2,499.00 Total Locale Magazine 2,499.00 Los Angeles Times 01/23/2015 Los Angeles Times Full Page Ad 7100 Campaign Marketing E...1,520.00 03/13/2015 Los Angeles Times Second Invoice for Print and Di...7100 Campaign Marketing E...3,085.00 03/20/2015 Los Angeles Times Digital Ads for NB Restaurant ...7100 Campaign Marketing E...2,500.01 Total Los Angeles Times 7,105.01 Marinella Len 02/26/2015 Marinella Len Design, Revisions, Production, ...7100 Campaign Marketing E...1,787.50 Total Marinella Len 1,787.50 Michelle St. Amour 02/24/2015 Michelle St. Amour Restaurant Recruitment for 20...7150 Campaign Operational...1,000.00 Total Michelle St. Amour 1,000.00 12:37 PM Restaurant Association Business Improvement District 06/11/15 Expenses by Vendor Detail Cash Basis July 2014 through May 2015 Page 1 Date Source Name Memo Account Paid Amount Newport Beach & Company 08/04/2014 Newport Beach & Company Polly Peak Consulting 6290 Marketing Consultation 5,000.00 08/04/2014 Newport Beach & Company Marketing agency fee 6290 Marketing Consultation 1,000.00 08/04/2014 Newport Beach & Company Operating Expenses 6310 Operational Reimburse...776.46 08/04/2014 Newport Beach & Company Liability Insurance 6310 Operational Reimburse...142.30 09/26/2014 Newport Beach & Company Polly Peak Consulting 6290 Marketing Consultation 5,000.00 09/26/2014 Newport Beach & Company Marketing agency fee 6290 Marketing Consultation 1,000.00 09/26/2014 Newport Beach & Company Operating Expenses 6310 Operational Reimburse...776.46 09/26/2014 Newport Beach & Company Liability Insurance 6310 Operational Reimburse...142.30 12/02/2014 Newport Beach & Company Polly Peak Consulting 6290 Marketing Consultation 5,000.00 12/02/2014 Newport Beach & Company Marketing agency fee 6290 Marketing Consultation 1,000.00 12/02/2014 Newport Beach & Company Operating Expenses 6310 Operational Reimburse...776.46 12/02/2014 Newport Beach & Company Liability Insurance 6310 Operational Reimburse...142.30 12/02/2014 Newport Beach & Company Polly Peak Consulting 6290 Marketing Consultation 5,000.00 12/02/2014 Newport Beach & Company Marketing agency fee 6290 Marketing Consultation 1,000.00 12/02/2014 Newport Beach & Company Operating Expenses 6310 Operational Reimburse...776.46 12/02/2014 Newport Beach & Company Liability Insurance 6310 Operational Reimburse...142.30 12/02/2014 Newport Beach & Company Polly Peak Consulting 6290 Marketing Consultation 5,000.00 12/02/2014 Newport Beach & Company Marketing agency fee 6290 Marketing Consultation 1,000.00 12/02/2014 Newport Beach & Company Operating Expenses 6310 Operational Reimburse...776.4612/02/2014 Newport Beach & Company Liability Insurance 6310 Operational Reimburse...142.30 12/23/2014 Newport Beach & Company Marketing Director Fee, Market...6290 Marketing Consultation 5,000.00 12/23/2014 Newport Beach & Company Marketing Director Fee, Market...6290 Marketing Consultation 1,000.00 12/23/2014 Newport Beach & Company Marketing Director Fee, Market...6310 Operational Reimburse...776.46 12/23/2014 Newport Beach & Company Marketing Director Fee, Market...6310 Operational Reimburse...142.30 01/08/2015 Newport Beach & Company Marketing Director Fee, Market...6290 Marketing Consultation 5,000.0001/08/2015 Newport Beach & Company Marketing Director Fee, Market...6290 Marketing Consultation 1,000.00 01/08/2015 Newport Beach & Company Marketing Director Fee, Market...6310 Operational Reimburse...776.46 01/08/2015 Newport Beach & Company Marketing Director Fee, Market...6310 Operational Reimburse...142.30 01/08/2015 Newport Beach & Company Dine NB Launch Event, Dine N...6170 Media Advertising Cam...3,706.72 01/08/2015 Newport Beach & Company Dine NB Launch Event, Dine N...6240 Public Relations 2,285.79 01/08/2015 Newport Beach & Company Dine NB Launch Event, Dine N...6310 Operational Reimburse...138.92 01/08/2015 Newport Beach & Company Dine NB Launch Event, Dine N...6190 Website Database Mai...28.34 01/08/2015 Newport Beach & Company Dine NB Launch Event, Dine N...6310 Operational Reimburse...149.07 03/13/2015 Newport Beach & Company Dine Newport Beach Restaura...7100 Campaign Marketing E...5,138.46 03/13/2015 Newport Beach & Company Dine Newport Beach Restaura...7150 Campaign Operational...209.52 05/08/2015 Newport Beach & Company Marketing Director Fee - Polly ...6290 Marketing Consultation 6,000.00 05/08/2015 Newport Beach & Company Marketing Director Fee - Polly ...6310 Operational Reimburse...918.76 Total Newport Beach & Company 67,006.90 Noble Studios 09/30/2014 Noble Studios NBRA Website Design 6180 Website Development 23,000.00 Total Noble Studios 23,000.00 OCWeekly,LP 03/13/2015 OCWeekly,LP 1/2 Page Ad, Full Page Ad, So...7100 Campaign Marketing E...3,000.00 Total OCWeekly,LP 3,000.00 Orange Coast Magazine01/23/2015 Orange Coast Magazine Full Page Color Ad 7100 Campaign Marketing E...2,750.00 Total Orange Coast Magazine 2,750.00 Riviera Magazine/Modern Luxury 01/28/2015 Riviera Magazine/Modern Luxury Riviera - Orange County - Janu...7100 Campaign Marketing E...1,300.00 Total Riviera Magazine/Modern Luxury 1,300.00 Speak Up Newport 01/28/2015 Speak Up Newport Table for 10 at Mayor's Dinner 6240 Public Relations 1,100.00 Total Speak Up Newport 1,100.00 Sprint 02/24/2015 Sprint Outstanding Phone Bill 6230 Phone Reservation Sys...202.68 Total Sprint 202.68 Vertical Marketing Network, LLC 01/28/2015 Vertical Marketing Network, LLC Share the Dish Rules Develop...7150 Campaign Operational...1,650.00 02/09/2015 Vertical Marketing Network, LLC Share the Dish Rules Develop...7150 Campaign Operational...550.00 Total Vertical Marketing Network, LLC 2,200.00 TOTAL 147,029.49 12:37 PM Restaurant Association Business Improvement District 06/11/15 Expenses by Vendor Detail Cash Basis July 2014 through May 2015 Page 2 Jun 30, 15 ASSETS Current Assets Checking/Savings Bill.com Money Out Clearing -1,161.29 1010 · Bank Balance 82,066.21 1260 · City Appropriation Acct Jan 10 1,558.45 Total Checking/Savings 82,463.37 Accounts Receivable 1310 · Accounts Receivable Bad Debt A/R -8,195.17 1310 · Accounts Receivable - Other -5,384.27 Total 1310 · Accounts Receivable -13,579.44 Total Accounts Receivable -13,579.44 Other Current Assets 1320 · Undeposited Funds 400.00 Total Other Current Assets 400.00 Total Current Assets 69,283.93 Other Assets AR Clearing -1,929.96 Total Other Assets -1,929.96 TOTAL ASSETS 67,353.97 LIABILITIES & EQUITY Liabilities Current Liabilities Accounts Payable 2000 · Accounts Payable -1,000.00 Total Accounts Payable -1,000.00 Total Current Liabilities -1,000.00 Total Liabilities -1,000.00 Equity 3900 · Retained Earnings 15,948.70 Net Income 52,405.27 Total Equity 68,353.97 TOTAL LIABILITIES & EQUITY 67,353.97 3:06 PM Restaurant Association Business Improvement District 07/09/15 Balance Sheet Cash Basis As of June 30, 2015 Page 1 Jun 15 Ordinary Income/Expense Income 4000 · NBRA Income 4010 · Member Assessment 817.31 4015 · Late Fees 218.75 Total 4000 · NBRA Income 1,036.06 Total Income 1,036.06 Gross Profit 1,036.06 Expense 6000 NBRA Expenses 6290 Marketing Consultation 6,000.00 6310 Operational Reimbursement 918.76 Total 6000 NBRA Expenses 6,918.76 Total Expense 6,918.76 Net Ordinary Income -5,882.70 Net Income -5,882.70 3:04 PM Restaurant Association Business Improvement District 07/09/15 Profit & Loss Cash Basis June 2015 Page 1 Jun 30, 15 Beginning Balance 88,151.66 Cleared Transactions Checks and Payments - 2 items -7,107.29 Deposits and Credits - 9 items 1,255.59 Total Cleared Transactions -5,851.70 Cleared Balance 82,299.96 Uncleared Transactions Checks and Payments - 1 item -400.00 Deposits and Credits - 1 item 166.25 Total Uncleared Transactions -233.75 Register Balance as of 06/30/2015 82,066.21 New Transactions Checks and Payments - 1 item -9,668.76 Deposits and Credits - 1 item 335.00 Total New Transactions -9,333.76 Ending Balance 72,732.45 2:16 PM Restaurant Association Business Improvement District 07/09/15 Reconciliation Summary 1010 · Bank Balance, Period Ending 06/30/2015 Page 1 Type Date Num Name Clr Amount Balance Beginning Balance 88,151.66 Cleared Transactions Checks and Payments - 2 items General Journal 06/10/2015 AJE68 X -7,105.01 -7,105.01 Check 06/11/2015 X -2.28 -7,107.29 Total Checks and Payments -7,107.29 -7,107.29 Deposits and Credits - 9 items Deposit 05/18/2015 X 71.25 71.25 Deposit 05/21/2015 X 146.00 217.25 Deposit 06/02/2015 X 500.00 717.25 Deposit 06/04/2015 X 63.33 780.58 Deposit 06/05/2015 X 31.67 812.25 Deposit 06/09/2015 X 55.42 867.67 Deposit 06/16/2015 X 142.50 1,010.17 Deposit 06/18/2015 X 79.17 1,089.34 Deposit 06/29/2015 X 166.25 1,255.59 Total Deposits and Credits 1,255.59 1,255.59 Total Cleared Transactions -5,851.70 -5,851.70 Cleared Balance -5,851.70 82,299.96 Uncleared Transactions Checks and Payments - 1 item Sales Receipt 11/18/2014 1 Bistro Le Crillon -400.00 -400.00 Total Checks and Payments -400.00 -400.00 Deposits and Credits - 1 item Deposit 05/14/2015 166.25 166.25 Total Deposits and Credits 166.25 166.25 Total Uncleared Transactions -233.75 -233.75 Register Balance as of 06/30/2015 -6,085.45 82,066.21 New Transactions Checks and Payments - 1 item General Journal 07/01/2015 AJE73 -9,668.76 -9,668.76 Total Checks and Payments -9,668.76 -9,668.76 Deposits and Credits - 1 item Deposit 07/06/2015 335.00 335.00 Total Deposits and Credits 335.00 335.00 Total New Transactions -9,333.76 -9,333.76 Ending Balance -15,419.21 72,732.45 2:16 PM Restaurant Association Business Improvement District 07/09/15 Reconciliation Detail 1010 · Bank Balance, Period Ending 06/30/2015 Page 1 Date Source Name Memo Account Paid Amount AAA Flag & Banner Mfg. Co., Inc. 02/09/2015 AAA Flag & Banner Mfg. Co., Inc.Street Pole Banners 7100 Campaign Marketing E...8,283.60 Total AAA Flag & Banner Mfg. Co., Inc.8,283.60 Adsavvy, Inc. 02/04/2015 Adsavvy, Inc.Distribution of NBRA marketing...7100 Campaign Marketing E...1,000.00 Total Adsavvy, Inc.1,000.00 Bank of America 01/15/2015 Bank of America Bank Service Charge 6350 · Bank Service Charges 16.04 Total Bank of America 16.04 California Restaurant Association 10/24/2014 California Restaurant Association ASDUES09/01/2014 to 08/31/2...6240 Public Relations 300.00 Total California Restaurant Association 300.00 CBS Radio01/09/2015 CBS Radio Restaurant Week On-Air Prom...7100 Campaign Marketing E...5,000.00 Total CBS Radio 5,000.00 City of Newport Beach (Revenue) 04/01/2015 City of Newport Beach (Revenue)Water Bill Inserts for Restaura...7100 Campaign Marketing E...210.26 Total City of Newport Beach (Revenue)210.26 Corona del Mar BID 07/15/2014 Corona del Mar BID transfer member pmt to NBRA ...Suspense 331.50 Total Corona del Mar BID 331.50 Dining Out 09/11/2014 Dining Out Summer/Fall 2014 DiningOut ...6170 Media Advertising Cam...9,000.00 01/23/2015 Dining Out Full Page Ad 7100 Campaign Marketing E...2,000.00 05/12/2015 Dining Out Display Ad - Spring 2015 - Dini...7100 Campaign Marketing E...2,000.00 Total Dining Out 13,000.00 Firebrand Media, LLC 02/04/2015 Firebrand Media, LLC Advertising and promo card ins...7100 Campaign Marketing E...1,795.00 02/09/2015 Firebrand Media, LLC Advertising inserts in Laguna B...7100 Campaign Marketing E...1,630.00 02/09/2015 Firebrand Media, LLC E-Newsletter Blasts 7100 Campaign Marketing E...75.00 02/09/2015 Firebrand Media, LLC Advertising inserts in Newport ...7100 Campaign Marketing E...1,930.00 Total Firebrand Media, LLC 5,430.00 Golden Communications, Inc. 07/17/2014 Golden Communications, Inc.June 6190 Website Database Mai...169.00 10/29/2014 Golden Communications, Inc.Monthly Maintenance / Adminis...6190 Website Database Mai...169.00 10/29/2014 Golden Communications, Inc.Monthly Maintenance / Adminis...6190 Website Database Mai...169.00 Total Golden Communications, Inc.507.00 Locale Magazine 01/28/2015 Locale Magazine Full Page Ad, Side Banner Ad, ...7100 Campaign Marketing E...2,499.00 Total Locale Magazine 2,499.00 Los Angeles Times 01/23/2015 Los Angeles Times Full Page Ad 7100 Campaign Marketing E...1,520.00 03/13/2015 Los Angeles Times Second Invoice for Print and Di...7100 Campaign Marketing E...3,085.00 03/20/2015 Los Angeles Times Digital Ads for NB Restaurant ...7100 Campaign Marketing E...2,500.01 Total Los Angeles Times 7,105.01 Marinella Len 02/26/2015 Marinella Len Design, Revisions, Production, ...7100 Campaign Marketing E...1,787.50 Total Marinella Len 1,787.50 Michelle St. Amour 02/24/2015 Michelle St. Amour Restaurant Recruitment for 20...7150 Campaign Operational...1,000.00 Total Michelle St. Amour 1,000.00 3:10 PM Restaurant Association Business Improvement District 07/09/15 Expenses by Vendor Detail Cash Basis July 2014 through June 2015 Page 1 Date Source Name Memo Account Paid Amount Newport Beach & Company 08/04/2014 Newport Beach & Company Polly Peak Consulting 6290 Marketing Consultation 5,000.00 08/04/2014 Newport Beach & Company Marketing agency fee 6290 Marketing Consultation 1,000.00 08/04/2014 Newport Beach & Company Operating Expenses 6310 Operational Reimburse...776.46 08/04/2014 Newport Beach & Company Liability Insurance 6310 Operational Reimburse...142.30 09/26/2014 Newport Beach & Company Polly Peak Consulting 6290 Marketing Consultation 5,000.00 09/26/2014 Newport Beach & Company Marketing agency fee 6290 Marketing Consultation 1,000.00 09/26/2014 Newport Beach & Company Operating Expenses 6310 Operational Reimburse...776.46 09/26/2014 Newport Beach & Company Liability Insurance 6310 Operational Reimburse...142.30 12/02/2014 Newport Beach & Company Polly Peak Consulting 6290 Marketing Consultation 5,000.00 12/02/2014 Newport Beach & Company Marketing agency fee 6290 Marketing Consultation 1,000.00 12/02/2014 Newport Beach & Company Operating Expenses 6310 Operational Reimburse...776.46 12/02/2014 Newport Beach & Company Liability Insurance 6310 Operational Reimburse...142.30 12/02/2014 Newport Beach & Company Polly Peak Consulting 6290 Marketing Consultation 5,000.00 12/02/2014 Newport Beach & Company Marketing agency fee 6290 Marketing Consultation 1,000.00 12/02/2014 Newport Beach & Company Operating Expenses 6310 Operational Reimburse...776.46 12/02/2014 Newport Beach & Company Liability Insurance 6310 Operational Reimburse...142.30 12/02/2014 Newport Beach & Company Polly Peak Consulting 6290 Marketing Consultation 5,000.00 12/02/2014 Newport Beach & Company Marketing agency fee 6290 Marketing Consultation 1,000.00 12/02/2014 Newport Beach & Company Operating Expenses 6310 Operational Reimburse...776.4612/02/2014 Newport Beach & Company Liability Insurance 6310 Operational Reimburse...142.30 12/23/2014 Newport Beach & Company Marketing Director Fee, Market...6290 Marketing Consultation 5,000.00 12/23/2014 Newport Beach & Company Marketing Director Fee, Market...6290 Marketing Consultation 1,000.00 12/23/2014 Newport Beach & Company Marketing Director Fee, Market...6310 Operational Reimburse...776.46 12/23/2014 Newport Beach & Company Marketing Director Fee, Market...6310 Operational Reimburse...142.30 01/08/2015 Newport Beach & Company Marketing Director Fee, Market...6290 Marketing Consultation 5,000.0001/08/2015 Newport Beach & Company Marketing Director Fee, Market...6290 Marketing Consultation 1,000.00 01/08/2015 Newport Beach & Company Marketing Director Fee, Market...6310 Operational Reimburse...776.46 01/08/2015 Newport Beach & Company Marketing Director Fee, Market...6310 Operational Reimburse...142.30 01/08/2015 Newport Beach & Company Dine NB Launch Event, Dine N...6170 Media Advertising Cam...3,706.72 01/08/2015 Newport Beach & Company Dine NB Launch Event, Dine N...6240 Public Relations 2,285.79 01/08/2015 Newport Beach & Company Dine NB Launch Event, Dine N...6310 Operational Reimburse...138.92 01/08/2015 Newport Beach & Company Dine NB Launch Event, Dine N...6190 Website Database Mai...28.34 01/08/2015 Newport Beach & Company Dine NB Launch Event, Dine N...6310 Operational Reimburse...149.07 03/13/2015 Newport Beach & Company Dine Newport Beach Restaura...7100 Campaign Marketing E...5,138.46 03/13/2015 Newport Beach & Company Dine Newport Beach Restaura...7150 Campaign Operational...209.52 05/08/2015 Newport Beach & Company Marketing Director Fee - Polly ...6290 Marketing Consultation 6,000.00 05/08/2015 Newport Beach & Company Marketing Director Fee - Polly ...6310 Operational Reimburse...918.76 06/10/2015 Newport Beach & Company Marketing Director Fee - Polly ...6290 Marketing Consultation 6,000.00 06/10/2015 Newport Beach & Company Marketing Director Fee - Polly ...6310 Operational Reimburse...918.76 Total Newport Beach & Company 73,925.66 Noble Studios 09/30/2014 Noble Studios NBRA Website Design 6180 Website Development 23,000.00 Total Noble Studios 23,000.00 OCWeekly,LP 03/13/2015 OCWeekly,LP 1/2 Page Ad, Full Page Ad, So...7100 Campaign Marketing E...3,000.00 Total OCWeekly,LP 3,000.00 Orange Coast Magazine 01/23/2015 Orange Coast Magazine Full Page Color Ad 7100 Campaign Marketing E...2,750.00 Total Orange Coast Magazine 2,750.00 Riviera Magazine/Modern Luxury 01/28/2015 Riviera Magazine/Modern Luxury Riviera - Orange County - Janu...7100 Campaign Marketing E...1,300.00 Total Riviera Magazine/Modern Luxury 1,300.00 Speak Up Newport 01/28/2015 Speak Up Newport Table for 10 at Mayor's Dinner 6240 Public Relations 1,100.00 Total Speak Up Newport 1,100.00 Sprint 02/24/2015 Sprint Outstanding Phone Bill 6230 Phone Reservation Sys...202.68 Total Sprint 202.68 Vertical Marketing Network, LLC 01/28/2015 Vertical Marketing Network, LLC Share the Dish Rules Develop...7150 Campaign Operational...1,650.00 02/09/2015 Vertical Marketing Network, LLC Share the Dish Rules Develop...7150 Campaign Operational...550.00 Total Vertical Marketing Network, LLC 2,200.00 TOTAL 153,948.25 3:10 PM Restaurant Association Business Improvement District 07/09/15 Expenses by Vendor Detail Cash Basis July 2014 through June 2015 Page 2