The words you are searching are inside this book. To get more targeted content, please make full-text search by clicking here.
Discover the best professional documents and content resources in AnyFlip Document Base.
Search
Published by andrew, 2019-02-14 15:18:19

Executive Committee Meeting Book

Executive Committee Meeting Book

Meaningful Connections…
Impactful Growth

8828 N. Stemmons Freeway, Suite 550 | Dallas, Texas 75247
www.dfwmsdc.com | [email protected]

The mission of Dallas/Fort Worth Minority Supplier Development Council (D/FW MSDC) is
to encourage and facilitate procurement and business opportunities between Buying
Entities and Certified Minority Business Enterprises (MBEs).

D/FW MSDC
Executive Committee

Meeting

February 15, 2019
Time: 7:30 a.m.

CONFIDENTIAL

Confidentiality Notice: This message and all attachments
may contain privileged and confidential information intended
only for the person or entity to which it is addressed. Any
review, retransmission, dissemination, copy or other use of,
or taking of any action in reliance upon this information by
persons or entities other than the intended recipient is
prohibited. if you received this message in error, please notify
the sender immediately by e-mail, facsimile or telephone and
thereafter delete the material form your computer. Any view
expressed in this message are those of the individual sender,
except where the sender specifically states them to be the
view of the entity transmitting the message. The D/FW MSDC
, Inc. accepts no liability with respect to the unauthorized use
of its email facility or the sending of email communications for
other than strictly business purposes.

2015 MSDC Council of the Year 2/15/2019 7:30 AM | D/FW MSDC |FEBRUARY EXECUTIVE COMMITTEE

EXECUTIVE COMMITTEE

John Lozano* | Margo Posey* |Bonnie Clinton* | Rob Simpson* | Monica Menzel * | Eric Imrie* | Betty Manetta* | James
Mining* | Terri Quinton*| Don McNeely* |

CONFERENCE CALL- CALL IN NUMBER: (916) 235-1420 ACCESS CODE: 556773 #

Call to Order John
Chair’s Remarks
Monica
January Minutes Eric / James

January Financials Terri
Betty
BTTBU™ Margo
MBEIC
Council Update

• MBDA
• NMSDC

6828 N. Stemmons Freeway *Suite 550 * Dallas, TX 75247* Phone: (214) 630-0747*Fax: 214-637-2241*www.dfwmsdc.com

January 18, 2019

In Attendance PRESENT/ PHONE/ ABSENT

John Lozano Betty Manetta James Mining
Margo J. Posey Don McKneely Bonnie Clinton
Rob Simpson Terri Quinton James Estes
Eric Imrie Monica Menzel

LOCATION/TIME

• Meeting was held as a conference call and in person and was called to order at 7:31 am on January 18th.

OPENING

• Mr. John Lozano welcomed the attendees.

MINUTES

• Ms. Monica Menzel asked for any comments, questions or discussion to the December Executive Board Minutes
that were provided previously. Terri Quinton made a motion to accept minutes as written which was seconded by
Betty Manetta. Motion carried.

FINANCIALS

• Mr. James Estes reviewed the financials. Mr. Estes informed the Board that the revenue for the YTD period ending
December was $726K against a budget of $645K. The Expenses actuals were $942K against a budget of $965K.

• Bonus was awarded in the amount of $68K.
• The P&L was positive at year end by over $30K, excluding the $68K bonus.
• Approximately ($100K) has been spent toward 45th anniversary.
• James Estes and Margo Posey introduced new bonding program for construction MBE
• Bonnie Clinton made motion to accept Financials which was seconded by Betty Manetta. Motion carried.
• It was noted that 26% of council spend was with MBE. In-kind contribution of $142K was made in 2018.

CONSENT AGENDA/REPORTS

• Buy Those that Buy Us report was presented by Terri Quinton. Key dates were reviewed and all board members
will encouraged to participate.

• MBEIC – Betty Manetta reviewed the full MBEIC report.

2019 COUNCIL PRESIDENT’S REPORT

• Board Calendar was presented
• Recent MBDA breakfast had over 60 members
• Margo reminded committee of upcoming Board Installation at DFW airport and the speakers
• Membership Management tool guide will be shared at next full board meeting
• Board resource documents will be distributed at the next full board meeting
• Margo Posey thanked board for quick response for approval newest board member Kallie Malmgrem
• Monica Menzel asked that all meeting invites be sent via outlook. Margo Posey responded that these will be sent

prior to next full board meeting.
• DFW Airport was recognized as #1 global airport in the world

CLOSING REMARKS

• Meeting adjourned at 8:12 am.

Page 2

DFW Minority Supplier Development Council, Inc
Statement of Revenue and Expenses

For the One Month Ended January 31, 2019

ACTUAL BUDGET VARIANCE NUMBER
TO

BUDGET
FAV/(UNFAV)

REVENUE: 2,750 - 2,750 9
Corporate Memberships - New 11,250 12,000 (750) 3
Corporate Memberships- Renewal 23
Interest Income 272 249
NMSDC National Dues 11,107 12,125 (1,018)
NMSDC National Compliance BONUS -
MBE Certification Fees-Renewals-Local - 28,500
MBE Certification Fees-New-Local 19,500 9,250 (9,000)
MBE Out of Region Subscriber Fees-Renewal 2,600 (4,520)
MBE Out of Region Subscriber Fees-New 4,730 300 2,000
Expedite Fees 4,600 1,150
Education Scholarship 1,450
Donation 350
Uncategorzied 350 -
-
TOTAL REVENUE 3,335 65,024
59,344 3,335
EXPENSES: (5,680)
NMSDC Functions
Software Maintenance 1,512 1,750 238
Certification 7,500 7,500 -
Marketing -
Technology - 7,083 -
Office Expense - 1,000 -
Catering Service
MBDA Office Catering 6,290 700 793
Printing 864 136
Telecommunication 714 1,666 (14)
Credit Card Processing 1,041
Board Installation 1,123 4,500 -
Cartage/Delivery 1,495 543
Outsourcing 3,107 4,792 (454)
Lease-Office Space 6,429 1,393
Lease-Equipment/Other 4,792 2,083
Education Scholarship 6,429 -
Training 1,834 -
Insurance/Taxes -
Professional Fees 5,210 6,417 249
Temporary Services 563 1,666 -
Salary 44,717 -
40,352 91,344 -
TOTAL EXPENSES 81,785 1,207
(26,320) 1,103
NET CURRENT YEAR REVENUE/(LOSS) (22,441) 4,365
9,559
TOTAL SPECIAL EVENTS REVENUE/(LOSS) 8,938 10,000
3,879
NET ORDINARY OPERATING REVENUE/(LOSS) (13,503) (16,320)
(13,503) (16,320) (1,062)
TOTAL CURRENT MONTH NET REVENUE/(LOSS)
2,817

2,817

James Earl Estes
2/14/2019
1:17 PM

DFW Minority Supplier Development Council, Inc
Statement of Prior Year Revenue and Expenses

For the One Month Ended January 31, 2019

ACTUAL BUDGET VARIANCE
TO

BUDGET
FAV/(UNFAV)

TOTAL CURRENT YEAR NET REVENUE/(LOSS) (13,503) (16,320) 2,817

PRIOR YEAR PAYMENTS 1,420 - 1,420
3,452 - 3,452
Prior Year Revenue
Prior Year Expense (2,032) - -
Write-Off of Accounts Receivable-Uncollectable (15,535) (16,320)
(2,032)
TOTAL PRIOR YEAR INCOME/(LOSS)
785
TOTAL NET REVENUE

Notes:

JEstes
2/14/2019

1:17 PM

DFW Minority Supplier Development Council, Inc
Statement of Revenue and Expenses

For the One Month Ended January 31, 2019

ACTUAL BUDGET VARIANCE NUMBER
TO

BUDGET
FAV/(UNFAV)

REVENUE: 2,750 - 2,750 9
Corporate Memberships - New 11,250 12,000 (750) 3
Corporate Memberships- Renewal 23
Interest Income 272 249
NMSDC National Dues 11,107 12,125 (1,018)
NMSDC National Compliance BONUS -
MBE Certification Fees-Renewals-Local - 28,500
MBE Certification Fees-New-Local 19,500 9,250 (9,000)
MBE Out of Region Subscriber Fees-Renewal 2,600 (4,520)
MBE Out of Region Subscriber Fees-New 4,730 300 2,000
Expedite Fees 4,600 - 1,150
Education Scholarship 1,450
Donation 350
Uncategorzied 350 -
-
TOTAL REVENUE 3,335 65,024
59,344 3,335
EXPENSES: (5,680)
NMSDC Functions
Software Maintenance 1,512 1,750 238
Certification 7,500 7,500 -
Marketing -
Technology - 7,083 -
Office Expense - 1,000 -
Catering Service
MBDA Office Catering 6,290 700 793
Printing 864 136
Telecommunication 714 1,666 (14)
Credit Card Processing 1,041
Board Installation 1,123 4,500 -
Cartage/Delivery 1,495 543
Outsourcing 3,107 4,792 (454)
Lease-Office Space 6,429 1,393
Lease-Equipment/Other 4,792 2,083
Education Scholarship 6,429 -
Training 1,834 -
Insurance/Taxes -
Professional Fees 5,210 6,417 249
Temporary Services 563 1,666 -
Salary 44,717 -
40,352 91,344 -
TOTAL EXPENSES 81,785 1,207
1,103
NET CURRENT YEAR REVENUE/(LOSS) (22,441) (26,320) 4,365
9,559
TOTAL SPECIAL EVENTS REVENUE/(LOSS) 8,938 10,000
3,879
NET ORDINARY OPERATING REVENUE/(LOSS) (13,503) (16,320)
(13,503) (16,320) (1,062)
TOTAL CURRENT MONTH NET REVENUE/(LOSS)
2,817

2,817

JEstes
2/14/2019

1:17 PM

DFW Minority Supplier Development Council, Inc
Statement of Prior Year Revenue and Expenses

For the One Month Ended January 31, 2019

ACTUAL BUDGET VARIANCE
TO

BUDGET
FAV/(UNFAV)

TOTAL CURRENT YEAR NET REVENUE/(LOSS) (13,503) (16,320) 2,817

PRIOR YEAR PAYMENTS 1,420 - 1,420
3,452 - 3,452
Prior Year Revenue
Prior Year Expense (2,032) - -
Write-Off of Accounts Receivable-Uncollectable (15,535) (16,320)
(2,032)
TOTAL PRIOR YEAR INCOME/(LOSS)
785
TOTAL NET REVENUE

Notes:

JEstes
2/14/2019

1:17 PM

DFW Minority Supplier Development Council, Inc
Statement of Revenue and Expenses
Full Year Projection
As of January 31, 2019

REVENUE: ACTUAL FULL YEAR 2019 VARIANCE
Corporate Memberships - New YTD FORECAST APPROVED BUDGET
Corporate Memberships- Renewal
Interest Income January 31, 2019 37,500 BUDGET TO
NMSDC National Dues 189,255 FORECAST
NMSDC National Cpmpliance BONUS 2,750 37,500 FAV/(UNFAV)
MBE Certification Fees - Renewal-Local 11,250 2,993 189,255
MBE Certification Fees - New-Local 145,500 -
MBE Subscriber Fees-Renewal 272 2,993 -
MBE Subscriber Fees-New 11,107 256,500 145,500 -
Education Scholarship 51,300 -
Expedite Fees - 21,000 256,500 -
Donation, Marketing Contributions 19,500 7,500 51,300 -
Uncategorzied - 21,000 -
4,730 2,800 7,500 -
TOTAL REVENUE 4,600 - -
1,450 714,348 2,800 -
-
- 714,348 -
350
-
-
3,335
59,344

EXPENSES 1,512 28,100 28,100 -
NMSDC Functions 2,000 2,000 -
Marketing 0 1,700 1,700 -
Technology 7,500 -
Software Maintenance 15,000 15,000 -
Training 0 1,000 1,000 -
Office Expense 6,290 -
Telecommunication 1,123 85,000 85,000 -
Catering Service 20,000 20,000 -
MBDA Office Catering 864 -
Board Installation 714 9,000 9,000 -
Credit Card Processing 3,107 8,000 8,000 -
Cartage/Delivery 1,495 4,500 4,500 -
Outsourcing 12,500 12,500 -
Lease-Office Space 0 -
Lease-Equipment/Other 4,792 300 300 -
Education Scholarship 6,429 57,500 57,500 -
Insurance/Taxes 1,834 77,148 77,148 -
Professional Fees 25,000 25,000 -
Temporary Services 0 25,000 25,000 -
Salary 0 16,000 16,000 -
5,210 77,000 77,000
TOTAL EXPENSES 563 20,000 20,000
40,352 536,600 536,600
81,785 1,021,348 1,021,348

NET CURRENT YEAR REVENUE/(LOSS) (22,441) (307,000) (307,000) -

TOTAL SPECIAL EVENTS REVENUE/(LOSS) 8,938 307,000 307,000 -

TOTAL CURRENT YEAR NET REVENUE/(LOSS) (13,503) - - -

PRIOR YEAR PAYMENTS 1,420 - - -
Prior Year Revenue 3,452 - - -
Prior Year Expense (2,032) - - -
(15,535) - - -
TOTAL PRIOR YEAR REVENUE/(LOSS)

TOTAL NET REVENUE

JEstes
2/14/2019

1:17 PM

DFW Minority Supplier Development Council, Inc
Balance Sheet

at December 31, 2018

As of As of As of
1/31/2019 12/31/2018 12/31/2017

ASSETS 25,845
108,626
CURRENT: 25,845 25,845
CASH-SPECIAL-BANK OF TEXAS 109,772 109,772 31,975
INVESTMENT/BANK OF TEXAS 440,727
CASH-OPERATING-BANK OF TEXAS 6,177 (454) 201,928
CASH-SWEEP-BANK OF TEXAS 468,892 410,803
CASH-COMERICA BANK MONEY MARKET 202,231 202,231 24,525
CASH-COMERICA BANK CHECKING 25,202
CASH-GREEN BANK MONEY MARKET 24,525 24,525 127,947
INVESTMENT-GREEN BANK 154,591 154,434 53,197
CASH -REGIONS BANK 81,408
INVESTMENT-REGIONS BANK 0 - 72,215
CASH-CHASE CHECKING 53,197 53,197 12,541
CASH-CHASE CHECKING II 81,408 81,408 26,698
CASH-PLAINSCAPITAL BANK MONEY MARKET 71,982 71,982
CASH-CAPITALONE-SAVING 12,541 12,541 -
INVESTMENT-PLAINSCAPITAL BANK 27,209 77,209 50,000
PETTY CASH 50,095
ACCOUNTS RECEIVABLE-MBDA - 150
ACCOUNTS RECEIVABLE 0 - -
150 150
DEPOSIT-2016 BTTBU BREAKFAST 17,206 15,931 49,400
DEPOSIT-2016 HARD HAT 69,030 70,450 1,332,384
DEPOSIT-2016 GOLF AND TENNIS 1,374,851 1,310,024
DEPOSITS-2011 LEASE DEPOSIT 1,292
DEPOSIT 2019 ACCESS 1,000 - 7,680
DEPOSIT-2019 TOP GOLF (APRIL AND AUGUST) 7,811 - 4,237
DEPOSIT-2019 HARD HAT 7,284 -
PREPAID EXPENSES-TOWER CLUB -
PREPAID EXPENSES 1,000
7,811 1,345,593
7,284
10,000
- -
-
TOTAL CURRENT ASSETS 1,383,662 1,318,835 -
-
FIXED ASSETS: 48,796 48,796
SOFTWARE-CSC - 65,012
EQUIPMENT & FURNITURE PRE-1991 65,810 - 15,150
EQUIPMENT & FURNITURE -1999 65,448 -
EQUIPMENT, FURNITURE, & FIXTURE-POST 1999 (66,797) - -
FURNITURE & FIXTURES 2011 113,257 (66,797)
FURNITURE & FIXTURES 1,496,919 65,812 23,365
EQUIPMENT & COMPUTERS 36,561
COMPUTER EQUIPMENT 2014 1,368,958
LESS: ACCUMULATED DEPRECIATION -
(66,797) 123,727
TOTAL ASSETS 84,372 21,787

1,403,207 1,130,287
93,157
LIABLITIES & FUND BALANCE
1,368,958
LIABILITIES
1,368,958
PREPAID FEES/DUES 347,018 226,818
ACCOUNTS PAYABLE 61,225 62,404

FUND BALANCE: 1,104,211 1,138,100
BEGINNING FUND BALANCE (15,535) (24,115)
NET REVENUE/(LOSS)
1,496,919 1,403,207
TOTAL LIABILITIES & FUND BALANCE
1,496,919 1,403,207

Footnotes:

James Earl Estes
Date

1:17 PM]

DFW Minority Supplier Development Council, Inc
Statement of Special Event Funds
01/31/19

For the One Month Ended January 31, 2019 Awards Banquet Golf & Hard Hat Annual MBEIC QUARTERLY BTTBU BTTBU ACCESS Fort Supplier MINI Top Golf Total
658.00 Tennis Meeting BUYERS Breakfast Scholarship Worth Diversity Meeting
Funds Received Classic Exchange Sessions Sponsor 8,938.00
Event fees LUNCHEON 5,000.00 -
Grants -
Discount Packages 3,280.00 -
Accounts Receivable -
658.00 - 3,280.00 - - - - 5,000.00 - - - -
Total funds received - - - 8,938.00
Disbursements -- -- - -- -
Event expense -
-
Total disbursements
Excess Funds Over -

Disbursements 658.00 - 3,280.00 - - - - 5,000.00 - - - - 8,938.00

JEstes
2/14/2019

1:17 PM

DFW Minority Supplier Development Council, Inc
Statement of Special Event Funds
01/31/19

For the One Month Ended January 31, 2019 Awards Banquet Golf & Hard Hat Annual MBEIC QUARTERLY BTTBU BTTBU ACCESS Fort Supplier MINI Total
Tennis Meeting BUYERS Breakfast Scholarship Worth Diversity Meeting
Funds Received Classic Exchange Sessions Sponsor Top Golf 8,938.00
Event fees LUNCHEON 5,000.00 -
Grants -
Discount Packages 658.00 3,280.00 -
Accounts Receivable -
658.00 - 3,280.00 - - - - 5,000.00 - - - -
Total funds received - - - 8,938.00
Disbursements -- -- - -- -
Event expense -
-
Total disbursements
-
Excess Funds Over
Disbursements 658.00 - 3,280.00 - - - - 5,000.00 - - - - 8,938.00

JEstes
2/14/2019

1:17 PM

Dallas/Fort Worth Minority Supplier Development Council, Inc
List of Financial Institutions
2018

1/31/2019 MATURITY DATE CD # APY
25,845
CASH-SPECIAL-BANK OF TEXAS 7140050994 0.75%
INVESTMENT-BANK OF TEXAS 109,772 November 16, 2019
CASH-OPERATING-BANK OF TEXAS 6,177 2.20%
CASH-SWEEP-BANK OF TEXAS
468,892
CASH-COMERICA BANK MONEY MARKET 610,686
CASH-COMERICA BANK CHECKING 202,231
INVESTMENT-COMERICA BANK
24,525
CASH-CHASE CHECKING -
CASH-CHASE CHECKING II
226,756
INVESTMENT/REGIONS BANK 71,982
CASH-BUSINESS MONEY MARKET 12,541
CASH -REGIONS BANK 84,523
50,241
CASH-PLAINSCAPITAL BANK MONEY MARKET 31,167
53,197
CASH-GREEN BANK MONEY MARKET
134,605
CASH-CAPITALONE SAVINGS 27,209
27,209

154,591
154,591

50,095
50,095

1,288,465

JEstes
2/14/2019

1:17 PM

Dallas/Fort Worth Minority Supplier Development Council, Inc
Receivables Average DOS Report
2019

2019

Name Amount 1-30 31-60 61-90 91-120 121-Over
2017 E AWARDS 9,685.00 0.00 0.00 0.00 0.00 9,685.00
2018 TOP GOLF 0.00 0.00 0.00 0.00 800.00
2018 ACCESS 800.00 0.00 0.00 0.00 0.00 6,000.00
2018 E AWARDS 6,000.00 0.00 0.00 0.00 0.00
52,545.00 0.00 0.00 52,545.00 0.00
69,030.00 52,545.00 16,485.00

James Earl Estes
2/14/2019
1:17 PM

MBEIC REPORT FEBRUARY 2019

The MBEIC leadership participated in the new member orientation on February 5, 2019, and
encouraged new member participation in MBEIC events as well as all other events.

The MBEIC leadership met and outlined the plan for 2019 programs. In addition, MBEIC leader
participated in the Industry Supply Chain Working Group (ISCWG) to discuss potential programs
that is beneficial for both MBE’s and buying entities.

On February 20, MBEIC and MBE board members will hold their first event. It will be a
networking meeting and will be held at the Council. This is an afternoon/evening event. The
MBEIC leadership will introduce the new slate and the MBE Board Members to stimulate
conversations and find areas for potential business opportunities with each other or
collaboration for large projects.

Upcoming Events:
February 25-27 - NMSDC Leadership Meeting (San Francisco, CA)
March 20 – MBEIC Healthcare Procurement event at UNT Health and Science Center – Fort
Worth, TX.

Dallas/Fort Worth
MBDA Business Center
8828 Stemmons Freeway, Suite 550

Dallas, Texas 75247
214-920-2436

Dallas/Fort Worth MBDA Business Center Report through
Q4 February 13, 2019

YTD Results/Activities: Year 3 – (4th Quarter) (11th month)

Goal Name Actual Goals Work in Anticipated Work in
20 40 Progress Report Progress Which Will Close
Number of Awarded Contracts &
Procurements 15 90%/15
Dollar Value of Awarded Contracts
$105,016,355 $65,000,000 $1,018,639 90%/$916,775

Number of Awarded Financial Transactions 13 22 18 90%/13

Dollar Value of Financial Transactions 33,277,189 $35,000,000 $3,708,600 90%/$3,566,880
Number of Jobs created 100 188 80 90%/66
Number of Jobs retained 34 110 59 90%/59
Number of Clients 15 39 26 90%/23


Click to View FlipBook Version