CA Releases Third Quarter Finance Report for FY2012

Organization-wide Summary
The Columbia Association (CA) finished the first half of FY2012 with a positive variance in the increase in net assets of approximately $3.2 million. CA anticipates ending FY2012 with an increase in net assets of nearly $5.4 million.

Total income of $55.5 million was slightly under budget through the third quarter, and 2.2 percent higher than the same period in FY2011. We expect total income to be on target for the year. Get the full report here.

Total operating expenses of $41.2 million for the nine months were nearly 8 percent below budget, with a favorable budget to actual variance of $3.4 million, and $1.1 million or 2.8 percent higher than the same period in FY2011. Total operating expenses are anticipated to be under budget by about $2.9 million or 4.9 percent for the year.

Community Building and Sustainability
The Community Building and Sustainability Service Bureau completed the third quarter of the fiscal year under budget in total operating expenses. The Community Planning Department also had total operating expenses less than the budget through the third quarter. The current projection for the end of the fiscal year indicates the bureau will complete the year under budget in total operating expenses.

Community Services
The Community Services Division finished the third quarter $509,000 ahead of budget. The positive variance over budget is due to a 5.1 percent increase in total income and a 4 percent savings in total expenses. The division anticipates completing the year ahead of budget.

Some of the important programs that are supported by the third quarter subsidy of $1,617,000 from the annual charge are the Summer Lakefront Festival, Columbia Archives, Sister Cities, International Day, Columbia Art Center, Volunteer Center Serving Howard County, Columbia Teen Center, covenant enforcement fees and access to camps and before and after school care for income-qualified youngsters. In addition, it provides support to the village community associations in the amount of $3,772,000.

Open Space Management
The Open Space Management Division completed the third quarter of the fiscal year under budget in total operating expenses by $1,437,000 and with a decrease in net assets of $8,589,000. This represents a favorable variance of $1,884,000 from budget. All departments in the division had total operating expenses less than the budget through the quarter.
The current estimate shows that by year’s end, a total of $12,788,000 of annual charge revenue will be required to protect, improve and maintain the environmental assets of Columbia, which include more than 3,600 acres of open space, nearly 94 miles of pathways, 167 tot lots, 284 footbridges, 34 miles of stream valleys, three lakes and 41 ponds and many other amenities.

Sport & Fitness
A number of new programs and highlights occurred during the first three quarters of FY2012, including the launch of small group training at the fitness facilities; the launch of new kettle bell and TRX training; the initiation of the “Columbia Swims” program; the expansion of rental spaces at all fitness facilities; the participation of 72 kids in the Quick Start tennis program at the Athletic Club indoor tennis facility; the recognition by the United States Tennis Association Maryland Districts of one of CA’s team members (Liz Baker) as the Maryland League Coordinator of the Year; the launch of the women-only swim time pilot program at the Swim Center; and the participation of 75 individuals in the 2012 Biggest Winner program.

The division completed the quarter 11.2 percent better than budget and 6.6 percent better than FY2011. Overall the division is projected to complete FY2012 11 percent better than budget for the year.

Sales and Marketing
Sales of new and renewal Package Plan memberships were 567 memberships ahead versus same time last year and 135 memberships less than budget. Through the third quarter of FY2012, 5,338 Columbia Cards have been issued.

Other accomplishments include the launch of new creative with tag lines “Buy now, pay in January”, to market memberships; development of marketing materials and ads to promote our first Black Friday event, held the Friday after Thanksgiving and our “Ladies Night Out” event; development of the ‘new and improved’ 2012 CA Camps Guide; began the application process to trademark the new CA logo; designed new creative; and continued work on finalizing CA’s brand message.

See our budget video page for an array of short segments on budget allocations.


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