Annual Report 2015

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MESSAGE FROM THE EXECUTIVE DIRECTOR: It’s rare and refreshing to find a community in which commitment is backed by measurable actions. As I mark my second fiscal year as Executive Director for Aspire and the Clarksville-Montgomery County Economic Development Council, I have an even greater appreciation for the commitment of business and community leaders who invest in the Aspire Foundation. The Aspire Foundation is a vehicle that enables holistic approaches to economic growth that is only possible thanks to your investments that totaled greater than $4M in funds raised in the Aspire V Campaign. With a focus on global business, marketing, tourism and community development, we strengthen the core of our community and ensure that we are ready and able to support any opportunity. With a solid foundation, Clarksville-Montgomery County can grow beyond any foreseeable horizon. The Foundation and its investors have been instrumental producing tangible improvements in the local environment for business, industry and our overall quality of life. Testament to the ongoing success of quality of life initiatives, the median age in Clarksville-montgomery County is just 30 years old. It’s vitally important that efforts to improve livability are strategically aimed at this critical population that seeks balance between earning potential, amenities and cost of living. cal wray, EDC & Aspire Executive Director Over the past year I have appreciated the opportunity to better engage with our investors and improve the communication and flow of information. I hope you have found the information to be valuable and thorough. As always, my door is open to your thoughts and feedback and I look forward to further growing our relationships in FY16. I am unendingly impressed with the local business community’s drive and passion for continuous improvement. Such commitment is what makes Clarksville-Montgomery County stand head and shoulders above the rest. clarksvillepartnership.com/aspire 13
FISCAL YEAR <strong>2015</strong> cAMPAIGN Finances revenue Aspire Investment (Scheduled Receipts, Not GAAP) Interest Income ACTUAL $800,000.00 $738.69 BUDGET $800,000.00 $738.69 Variance $- A) $- A) Total Revenue $800,738.69 $800,738.69 $- A) EXPENSES (FY15 Only) Global Business Development Community Development Marketing and Communications Tourism Administration $146,143.94 $110,923.25 $85,904.93 $151,000.00 $105,710.62 $210,500.00 $116,800.00 $95,300.00 $151,000.00 $111,750.00 $64,356.06 $5,876.75 $9,395.07 - $10,115.93 Total Expenses Aspire V-1 Campaign Expenses $599,682.74 $685,350.00 $89,743.81 Aspire V-1 Net Income (Year 1 Only) $201,055.95 $115,388.69 $85,667.26 B) Non-Aspire V Transactions Net Pat Head Summit Legacy Park Revenue -Designated Net Greenway Development -Designated Lobbying for Fort Campbell $28,185.00 $(41,224.76) $(9,496.67) - - - $28,185.00 C) $(41,224.76) C) $(9,496.67) Total Non-Aspire V Campaign Transactions $(22,536.43) - $(22,536.43) NET INCOME $178,519.52 $115,388.69 $63,130.83 A) Represents the Aspire V pledges scheduled to be honored in FY15 B) Budgeted Net Income intended to offset uncollectibles and to fund new initiatives and future campaigns. C) Funded solely from contributions & reserves designated for the related purpose. Note: This report is preliminary, unaudited, and not intended clarksvillepartnership.com/aspire to be IAW GAAP. An independently audited financial report is available upon request. 14
Page 1 and 2: A FOCUS ON THE 2 0 1 5 A n n u a l
Page 4 and 5: Table of contents 2- - - - - - - -
Page 6 and 7: EASY ACCESS TO WATER, RAIL AIR, INT
Page 8 and 9: Trigg County Stewart County Houston
Page 10 and 11: Tourism Development Aspire Clarksvi
Page 12 and 13: Marketing & Communications Website
Page 14 and 15: Investors & Steering Committee DEVE
Page 18: CLARKSVILLEPARTNERSHIP.COM/ASPIRE

Annual Report 2015

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