HomeMy WebLinkAboutWRFC Minutes 2016-10-27 MINUTES OF REGULARLY SCHEDULED MEETING OF
THE BOARD OF DIRECTORS OF
WILMINGTON REGIONAL FILM COMMISSION,INC.
A North Carolina Non-Profit Corporation
The Wilmington Regional Film Commission, Inc. (WRFC) held a regularly scheduled
meeting at 8:30 AM, on October 27, 2016. Chairman Hon. Beth Dawson, Hon. Bill
Saffo, Ms. Carey Jones, Mr. Jimmy Smith, and Mr. William Vassar were present. In
addition,Johnny Griffin and Kemmy Goodson,were also present.
1. APPROVAL OF MINUTES FROM MEETING ON MAY 24, 2016. The minutes
from the Board Meeting on May 24, 2016, a copy of which is attached as
EXHIBIT A,were unanimously approved.
2. PRESENTATION AND APPROVAL OF AUDIT OF FY 15-16 FINANCIAL
STATEMENTS. Kemmy Goodson of Goodson & Taylor, CPA's, provided a
brief overview of the FY 15-16 audit,which found no issues and all records in
good order. The audit, a copy of which is attached as EXHIBIT B, was
unanimously approved.
3. SELECTION OF AUDIT COMMITTEE.The new funding contract with the City
of Wilmington stipulates that WRFC must have an audit committee. It was
determined that the Audit Committee will be comprised of three members.
Ms. Carey Jones, Mr. Jimmy Smith, and Mr.William Vassar were unanimously
selected to be members of the Audit Committee for FY 16-17.
4. REVIEW OF NEW FUNDING CONTRACT WITH THE CITY OF
WILMINGTON. Mr. Griffin provided an overview of the new funding
contract with the City of Wilmington and highlighted differences with the
previous funding contract.
p5
1
5. DISCUSSION OF CONTRACT WITH FETZER STRATEGIC PARTNERS FOR
LOBBYING SERVICES FOR 2017. Discussion was had regarding the
proposed contract with Fetzer Strategic Partners for lobbying services for
2017. The Board directed Mr. Griffin to negotiate with Mr. Fetzer regarding
the fee for his services during 2017. Mr. Griffin will follow up with the Board
regarding the results of his discussion with Mr. Fetzer.
6. DISCUSSION ON DELAYING WRFC MEMBERSHIP RENEWALS UNTIL
EARLY 2017. It was decided that due to the lack of current production
activity, it is better to wait until early 2017 to pursue memberships in hopes
of increased production activity in early 2017. Mr. Griffin informed the
board that the interest in memberships is directly related to the amount of
production activity within the region. With an anticipated continued
decrease in production activity, Mr. Griffin expects a decrease in membership
interest.
7. PRODUCTION UPDATE. Currently there are two productions in the region,
which have been here previously and have returned for additional shooting.
These two productions are: BOLDEN and GOOD BEHAVIOR. Otherwise,
production interest is extremely low. Mr. Griffin is hopeful that the television
series GOOD BEHAVIOR and SIX will return in early 2017 to began work on
their second seasons. At this time,all indications are positive.
8. DISCUSSION OF WIMINGTON REGIONAL ECONOMIC SCORECARD
SPONSORSHIP OPPORTUNITY. Mr. Griffin informed the board of an
a ( opportunity to be a sponsor for the Wilmington Chamber of Commerce event,
"Wilmington Regional Economic Scorecard". Mr. Griffin stated that the 2015
Scorecard listed the local Film Industry in the four takeaways of the report.
In acknowledgement of the Chamber's continued support of the film
industry,WRFC will purchase a sponsorship opportunity.
{
9. RECOGNITION OF SERVICE OF CHAIRMAN BETH DAWSON. Hon. Bill Saffo
expressed the board's appreciation to outgoing Chairman Beth Dawson for
her years of service to and leadership of WRFC.
There being no further business,the meeting was adjourned at 9:50 AM.
Respectfully submitted
'
Bill Saffo,Vice-Chairman
(
,Y (
yy9
(
{4{
r I
F I= WILMINGTON BOARD OF DIRECTORS
,Chairman
Honorable Beth Dawson,Chairman
REGIONAL FILM COMMISSION, INC. Honorable Bill Saffo,�carcy tomes
M1223 NORTH 23rd STREET • WILMINGTON,NG 28405 lames L.F.Smith
T-4 1` www.wilmingfon•film.com commish�wilmington•Film.eom William Vassar
BOARD OF DIRECTORS OF THE WILMINGTON REGIONAL FILM COMMISSION,INC.
Agenda for Board Meeting
October 27,2016
8:30 AM 1. Meeting called to order
8:31 AM 2. Approve minutes from May 24,2016 WRFC Board Meeting(Attachment A)
8:32 AM 3. Approval of FY 2015/2016 Audit of Financial Statements(Attachment B)
8:45 AM 4. Presentation on formation of Audit Committee as per City of Wilmington agreement
8:55 AM 5. Review of new funding contract with the City of Wilmington
9:05 AM 6. Approval of contract with Fetzer Strategic Partners for lobbying services for 2017
(Attachment C)
9:15 AM 7. Discussion on delaying WRFC membership renewals until 2017
9:20 AM 8. Production Update
9:25 AM 9. Old Business
9:30 AM 10. New Business
9:40 AM 11. Meeting Adjourned
Member of
afcl COMMISSIONERS
TERNATIONA
I
1
x �
I I a WILMINGTON1 Carey Jonas,Chairperson
William Vassar,Vieethaaman
REGIONAL FILM COMMISSION,INC. Honorable Beth Dawson
1223 NORTH 23rd STREET • WILMINGTON,NC 28405
Honorable Sao I 4.Y www.wilmingtomJlm.com • commishewilmington.ilm.com James LF.Smih
Attachment "A"
z i
Member of FILM ASSOCIATION OF
afciINTERNATIONAL COMMISSIONERS
3
t i
}
MINUTES OF REGULAR BOARD MEETING
OF THE BOARD OF DIRECTORS OF
WILMINGTON REGIONAL FILM COMMISSION,INC.
A North Carolina Non-Profit Corporation
The Wilmington Regional Film Commission,Inc.(WRFC)held a regular meeting at 8:38
AM, on May 24, 2016. Chairman Hon. Beth Dawson, Hon. Bill Saffo, Ms. Carey Jones, Mr.
Jimmy Smith,and Mr.William Vassar were present. In addition,Johnny Griffin,and Star News
reporter Hunter Ingram,were also present.
1. APPROVAL OF MINUTES FROM MEETING ON JANUARY 12. 2016. The
minutes from the Board Meeting on January 12,2016,a copy of which is attached as
EXHIBIT A,were unanimously approved.
2. APPROVAL OF LETTER OF ENGAGEMENT FOR AUDIT OF FY 15-16
FINANCIAL STATEMENTS. The letter of engagement from auditor Kemmy
Goodson for the audit of the FY 15-16 financial statements, a copy of which is
attached as EXHIBIT B,was unanimously approved.
3. PRESENTATION OF MARKETING AND PROMOTION UPDATE. Johnny
Griffin stated that the WRFC participated/will participate in the following events:
• Sundance Film Festival—January 2016
• Locations Tradeshow—April 2016
• PGA Produced By Conference—June 2016
• LA Meetings—June 2016
4. PRODUCTION UPDATE. Johnny Griffin provided updates on the current
productions.
• GOOD BEHAVIOR—TV Series
• SIX—TV series
Johnny Griffin stated that there are currently no productions scheduled in the
immediate future.
-� I
jf7
fi
5. APPROVAL OF BUDGET FOR FY 16-17. Johnny Griffin presented the proposed
budget for FY 16-17,a copy of which is attached as EXHIBIT C. After review,the
budget was adopted.
6. CLOSED SESSION. The board went into closed session to discuss a personnel
matter.
7. RETURN TO OPEN SESSION. The board reported that no action was taken
during the closed session.
8. EMPLOYEE BONUS. The board approved a one-time merit bonus for Johnny
Griffin of$3,000 to be paid immediately.
9. NEW BUSINESS. Carey Jones presented an idea to the board about selling branded
water bottles. Carey will gather more information and work with Johnny Griffin on
this concept.
There being no further business,the meeting was adjourned at 9:29 A.M.
Respectfully submitted,
Hon.Beth Dawson,Chairman
1
WILMINGTON
Willem BOARD DIRECTORS
h Vassar,ar,Chairman
ti .. Carey Jones,Yrc.{hairp.non
REGIONAL FILM COMMISSION,INC. Honorable is Bath Dawson
1223 NORTH 23rd STREET •WILMINGTON,NC 28405 HmoraW.till Salta
4 1.1 www.wilmington•film.com • commish @wlmington•Film.com James L.F.Smth
Attachment`B"
A
1
F
Member of
FILM afcl T RNATIONApNERB
N
)
)
)
}
} _
}
)
)
) , WILMINGTON REGIONAL
) FlLM COMMISSION,INC
)
}
Financial Statements .
l
)
June 30,2016 and 2015
)
]
)
)
] .
\ �
} I
WILMINGTON REGIONAL FILM COMMISSION,INC.
Table of Contents
June 30,2016 and 2015
Independent Auditors'Report 1
Statement of Financial Position 2
Statement of Activities and Changes in Net Assets 3
Statement of Functional Expenses 4
Statement of Cash Flows 5
Notes to Financial Statements 6-9
Supplemental Information
Budget to Actual Comparison of Support,Revenue and Expenses 11
1
1
33�
yy V
I
Goodson & Taylor, CPAs
y -"gm-:c x.a akin' air>... rn r .. BRIM!
Clement Goodson,CPA 771 S.Kerr Ave.
Lynn Taylor, CPA Wilmington,NC 28403
Independent Auditor's Report Voice 910.392.4650
Fax 910.392.3240
To the Board of Directors
Wilmington Regional Film Commission,Inc.
1223 North 23 St.
Wilmington,NC 28405
Report on the Financial Statements
We have audited the accompanying financial statements of Wilmington Regional Film Commission,Inc.,
which comprise the statements of financial position as of Tune 30,2016 and June 30,2015 and the related
statements of activities and changes in net position,statements of functional expenses,and cash flows for
the years then ended,and the related notes to the financial statements.
Management's Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America;this includes the
design,implementation,and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement,whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We conducted
our audit in accordance with auditing standards generally accepted in the United States of America.Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the
financial statements are free from material misstatement.An audit involves performing procedures to
obtain audit evidence about the amounts and disclosures in the financial statements.The procedures
to selected depend on the auditor's judgment,including the assessment of the risks of material misstatement
of the financial statements,whether due to fraud or error.In making those risk assessments,the auditor
considers internal control relevant to the entity's preparation and fair presentation of the financial
statements in order to design audit procedures that are appropriate in the circumstances,but not for the
purpose of expressing an opinion on the effectiveness of the entity's internal control.Accordingly,we
express no such opinion.An audit also includes evaluating the appropriateness of accounting policies used
and the reasonableness of significant accounting estimates made by management,as well as evaluating the
overall presentation of the financial statements.We believe that the audit evidence I have obtained is
sufficient and appropriate to provide a basis for our audit opinion.
Opinion
In our opinion,the financial statements referred to above present fairly,in all material respects,the
financial position of Wilmington Regional Film Commission,Inc.as of June 30,2016 and 2015,and the
statements of activities and changes in net position and cash flows for the years then ended,in accordance
with accounting principles generally accepted in the United States of America.
eAt
Goodson&Taylor,CPAs
September 28,2016
1
}
WILMINGTON REGIONAL FILM COMMISSION,INC. •
STATEMENT OF FINANCIAL POSITION
June 30,2016 and 2015
2016 2015
Assets
Current Assets
Cash $ 310,901 $ 245,665
{ Accounts Receivable 2,103 6,595
Prepaid Expenses 7,844 11,714
Total Current Assets 320,848 263,974
Fixed Assets
Furnishings and Fixtures 5,240 5,240
Office Equipment 6,635 6,635
Display Booth 2,802 2,802
Cameras 2,064 2,064
16,741 16,741
Less Accumulated Depreciation (16,480) (16,078)
Net Fixed Assets 261 663
Total Assets $ 321,109 $ 264,637
Liabilities and Net Position
Current Liabilities
Accounts Payable $ 7,680 $ 6,599
Accrued Vacation Pay 16,770 15,828
Total Current Liabilities 24,450 22,427
Net Position
Unrestricted Net Position 296,659 242,210
Total Net Position 296,659 242,210
Total Liabilities and Net Position $ 321,109 $ 264,637
The accompanying notes are an integral part of this statement.
2
?}}F
WILMINGTON REGIONAL FILM COMMISSION,INC.
STATEMENT OF ACTIVITIES
June 30,2016 and 2015
2016 2015
Support and Revenue
Governmental service agreements
City of Wilmington $ 119,500 $ 117,502
New Hanover County 119,190 117,198
New Hanover County-Marketing 25,000 -
Membership sales 36,325 41,439
Interest Income 76 59
Total Support and Revenue 300,091 276,198
Expense
Program services 201,285 218,392
Management and General 25,798 29,961
Fund Raising 18,558 23,518
Total Expenses 245,642 271,871
Increase in Net Position 54,449 4,327
Net Position-Beginning of Year 242,210 237,883
Net Position-End of Year $ 296,659 $ 242,210
The accompanying notes are an integral part of this statement.
3
WILMINGTON REGIONAL FILM COMMISSION,INC.
STATEMENT 01?FUNCTIONAL EXPENSES
June 30,2016 and 2015
2016
Management
Program and Total Total
Services General Membership 2016 2015
Compensation and related expenses
Compensation
Director $ 80,556 $ 10,070 $ 10,070 $ 100,696 $ 99,271
Production coordinator 11,338 2,001 - 13,339 35,754
Scout salaries - - - 3,333
Employee benefits
Retirement benefit 8,922 1,227 1,004 11,153 13,556
Payroll taxes 8,101 1,114 911 10,126 12,599
Health insurance 11,299 1,554 1,271 14,124 14,144
Total compensation
and related expenses 120,216 15,965 13,256 149,438 178,657
Other expenses
Membership Drive - - 884 884 2,465
Marketing and promotion 11,863 - 3,954 15,817 28,140
Software annual fees 13,200 - - 13,200 13,200
Rent 13,148 1,856 464 15,468 15,468
Accounting - 3,925 - 3,925 4,100
Vehicle rental and upkeep 2,593 1,728 - 4,321 5,300
Insurance 4,941 549 - 5,490 5,304
Copier rental&maintenance 2,568 - - 2,568 2,095
Telephone and postage 1,179 62 - 1,241 1,125
Travel and conferences 5,433 - - 5,433 10,222
Location scouting - - - - 407
Office expenses 200 200 - 400 1,103
Policy Board 1,449 1,448 - 2,897 1,892
Computer&website services 1,241 65 - 1,306 1,540
Contingency 100 - - 100 -
Consulting 22,752 - - 22,752
Depreciation expense 402 - - 402 402
Equipment - - - - 451
Total Expenses ®$201,285 $ 25,798 $ 18,558 $245,642 $ 271,871
4
4
5
333 WILMINGTON REGIONAL FILM COMMISSION,INC.
STATEMENT OF CASH FLOWS
June 30,2016 and 2015
it
2016 2015
Cash Flows from Operating Activities
Increase in Net Position $ 54,449 $ 4,327
Adjustments to Reconcile Net Assets
to Net Cash Provided by Operating Activities
Depreciation 402 402
(Increase)decrease in operating assets
Accounts Receivable 4,492 (1,775)
Prepaid expenses 3,870 (142)
Increase(decrease)in operating liabilities
Accrued expenses 2,023 3,331
Net Cash Provided by Operating Activities 65,236 6,143
Net Increase in Cash and Cash Equivalents 65,236 6,143
Beginning Cash and Cash Equivalents 245,665 239,522
Ending Cash and Cash Equivalents $ 310,901 $ 245,665
Supplemental Information
Interest Income $ 76
s -
4 :
The accompanying notes are an integral part of this statement
5
} i
WILMINGTON REGIONAL FILM COMMISSION,INC.
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30,2016
Note 1 Nature of Activities
Wilmington Regional Film Commission, Inc. (the Commission) is a North Carolina
nonprofit corporation whose mission is to improve business conditions for the common
interest of the film and video industry in southeastern North Carolina,act as a liaison
between the film industry,local governments,and communities in order to attract and
facilitate on-location film and video production in the area,and to increase film and video
production taking place in southeastern North Carolina and increase the economic impact
of the industry on the region. The Commission was established in May 1999. Three
projects began production in southeastern North Carolina during the year ended June 30,
2016 and the Commission responded to over 52 requests for information. The 3
productions resulted in approximately $62,000,000 of revenue into the community
through wages paid to local artisans, craftsmen, and trades people, and goods and
services purchased locally. The efforts of the Commission and its staff were influencing
factors in the decision to produce those films or other video productions in the area. The
Commission is supported primarily through support from local governments and sales of
advertising in publication of its annual Production Guide.
Note 2 Significant Accounting Policies
• Method of Accounting
The financial statements of the Commission have been prepared utilizing the accrual
basis of accounting and accordingly reflect all significant receivables,payables,and other
liabilities.
• Basis of Presentation
Financial statement presentation follows the recommendations of the Financial
Accounting Standards Board in its Statement of Financial Accounting Standards(SFAS)
No. 117,Financial Statements of Not-for-Profit Organizations.Under SEAS No. 117,the
Commission is required to report information regarding its financial position and
activities according to three classes of net assets,unrestricted net assets,temporarily
restricted net assets,and permanently restricted net assets.
• Estimates
The preparation of financial statements in conformity with generally accepted accounting
principles requires management to make estimates and assumptions that affect certain
reported amounts and disclosures.Accordingly,actual results could differ from those
estimates.
6
q 3
fi
WILMINGTON REGIONAL FILM COMMISSION,INC.
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30,2016
• Support and Revenue
Contributions are generally available for unrestricted use in the year received unless
specifically restricted by the donor.Grants and other contributions of cash are reported as
temporarily restricted support if they are received with donor stipulations that limit the
use of the donated assets.When a donor restriction expires,that is,when a stipulated time
restriction ends or purpose restriction is accomplished,temporarily restricted net assets
are reclassified to unrestricted net assets and reported in the statement of activities as net
assets released from restrictions.
• Subsequent Events
The Commission has evaluated its subsequent events(events occurring after June 30,
2016)through September 29,2016,which represents the date the financial statements
were issued.
• Income Taxes
The Commission is a not-for-profit organization that is exempt from income taxes from
activities directly related to its exempt purpose under Section 501(c)(6)of the Internal
Revenue Code.However,profits relating to certain advertising activities of the
Commission are subject to federal&North Carolina taxation.Tax liability for the fiscal
years ended June 30,2016 and 2015 respectively was$0 and$0 as a result of these
activities.Tax returns of the Commission maybe audited by the Internal Revenue Service
and as of June 30,2016,the years open for audit are June 30,2016,2015,and 2014.
•Property and Equipment
Property and equipment are recorded at cost and depreciation is calculated on a straight
line basis over the estimated useful lives of the assets.The Commission follows the
practice of capitalizing all expenditures for equipment in excess of$500.Lesser amounts
are typically expensed.Property and equipment as of June 30th consist of;
2016 2015
Furnishings and fixtures $ 5,240 $ 5,240
Office equipment 6,635 6,635
Display booth 2,802 2,802
Cameras 2,064 2,064
Less:Accumulated Depreciation (16,480) (16,078)
Total Property and Equipment $ 261 $ 663
7
Ii
WILMINGTON REGIONAL FILM COMMISSION,INC.
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30,2016
Note 3 Concentrations
The Commission received over 88%of its support from New Hanover County and the
City of Wilmington during the year ended June 30,2016.A total of$263,690 and
$234,700 was received from both the City and County combined during the years ended
June 30,2016,and 2015,respectively.
Note 4 SEP Retirement Plan
The Commission has a simplified employee pension plan covering all full time
employees.The Commission makes a contribution to the plan each year equal to 10%of
all participants' compensation.Total expense for the year ended June 30,2016 and 2015,
respectively was$11,153 and$13,556.
Note 5 Operating Lease Commitments
The Commission leases office space under an agreement expiring August 2015.This
lease may be terminated by either the lessor or the Commission with ninety days notice.
As of August 31,2015,the office lease has been renewed at an annual rate of$15,468 for
the first year and the current lease term ends August 31,2016. The Commission also has
a noncancelable operating lease for office equipment which expires April 2019.Both
leases generally require the Commission to pay all costs such as taxes,maintenance,and
insurance.Rental expense for the lease of the office equipment consisted of$2,568 and
$2,095 for the years ended June 30,2016 and 2015 respectively.
The Commission leases a vehicle for use by its staff.The lease agreement is a month-to
month rental agreement which may be cancelled by either party with thirty days notice.
Lease expense for the years ended June 30,2016 and 2015 respectively was$3,960 and
$3,960. Future minimum lease payments under these operating leases that have
remaining terms in excess of one year as of June 30,2016 are
Year ending June 30:
2016 9,106
2017 -
2018 -
2019 -
t
2020 -
Total $ 9,106
7 3
8
}
5
WILMINGTON REGIONAL FILM COMMISSION,INC.
NOTES TO FINANCIAL STATEMENTS
For the year ended June 30,2016
Note 6 Government Service Contracts
The Commission has service contract agreements with both the City of Wilmington and
New Hanover County.The City contract started July,2016 and is for three years and
provides 121,890 for each of the three years with no increases and may be terminated at
any time.The current year amount paid by the City was$119,500.The County contract
renews each year and cannot be terminated.The County contract amount is$90,000 with
annual Consumer Price Index adjustment and paid the Commission$119,190 during the
3 current fiscal year.Both contracts require the Commission to work diligently to attract
film and video production to the City and County,advise and work with each in regard to
all matters pertaining to film production,and have a representative from each serving on
the Commission's Board of Directors throughout the term of the contracts.The City and
County each agreed to pay the Commission respectively,$121,890 and$90,000 a year
for the life of the contracts with annual increases based on a Consumer Price Index
adjustment.
Note 7 Functional Allocations of Expenses
The costs of providing the programs and activities have been summarized on a functional
basis in the statement of activities.Accordingly,certain costs have been allocated among
the programs and supporting services benefited.
Note 8 Joint Costs of Activities
The Commission achieves some of its mission and fund-raising goals through the online
publication of a production guide which is a listing of various local service providers,
artists,craftsmen,and technicians to the motion picture industry.Any company or
individual associated with the film industry can purchase a membership for this service
and access the related information which is available online to the subscribing members.
In the year ended June 30,2016,membership fees generated income of$36,325.The
direct costs associated with providing this service was$884.
9
1
Supplemental Information
hg�
}
10
{
WILMINGTON REGIONAL FILM COMMISSION,INC.
Budget to Actual Comparison for the year ended June 30,
2016
1
r Budget
Support and Revenue Budget Actual Variance
Governmental service agreements
City of Wilmington $ 119,500 $ 119,500 $ -
New Hanover County 119,190 119,190 -
1 New Hanover County-Marketing 25,000 25,000 -
Memberships 50,000 36,325 (13,675)
Interest Income 50 76 26
Reserve - - -
Total Support and Revenue 313,740 300,091 (13,649)
Compensation and related expenses
Compensation
Director 100,696 100,696 -
Production coordinator 34,866 13,339 21,527
Employee benefits
Retirement benefit 13,556 11,153 2,403
Payroll taxes 12,201 10,126 2,075
Health insurance 18,750 14,124 4,626
a Total compensation
g and related expenses 180,069 149,438 30,631
Other expenses
Membership drive 6,000 884 5,116
8 Marketing and promotion 35,000 15,817 19,183
Software annual fees 14,000 13,200 800
Rent 15,468 15,468 -1' Accounting 4,000 3,925 75
1 Vehicle rental and upkeep 4,500 4,321 179
t Insurance 5,400 5,490 (90)
k Copier rental&maintenance 2,500 2,568 (68)
a Telephone and postage 1,500 1,241 259
Travel and conferences 5,903 5,433 470
Location scouting 1,000 - 1,000
Office expenses 1,400 400 1,000
1 Policy Board 3,000 2,897 103
Computer&website services 1,500 1,306 194
I Equipment 500 - 500
Depreciation expense 402 (402)
Consulting 25,000 22,752 2,248
Contingency 7,000 100 6,900
Total Expenses 313,740 245,642 68,098
k Increase in Net Position $ - $ 54,449 $ 54,449
M
i
11
f
Mf4f
9
ii
A
WILMINGTON BOARD OF DIRECTORS
WRGam Vassar,Chairman
J ,Viesed
REGIONAL FILM COMMISSION,INC. Carey anos penon
1223 NORTH 23rd STREET • WILMINGTON,NC 28405 Honorable Bath Dawson
Honorable NI Sao
www.wilmington.Film.com • commish@wilmington-film.com James L.F.Smdh
Attachment"C"
1
1
6
1
1
1
1
Member of
afci ASSOCIATION OF
FILM COMMISSIONERS
INTERNATIONAL
1
1
FETZER STRATEGIC PARTNERS
Minsk SWAM GY•GOTIP-XIKEXT FULA:EMU•SCRYLT RUC:Mal
210 North Person&meet
Raleigh,NC 27601
October 5,2016
Johnny Griffin
Wilmington Regional Film Commission,Inc.
1
1223 North 23 Street
Wilmington NC 28405
Please consider this a letter of engagement between the Wilmington Regional Film
Commission,Inc. and Fetzer Strategic Partners.
Beginning January 1st 2017,FSP will represent the Wilmington Regional Film
Commission,Inc. in the Executive and Legislative branches of government.
FSP will work to build support for the Film/TV grant program within the Execute Branch
and the General Assembly.
FSP will work collaboratively with lobbyists engaged throughout the industry,
particularly those working for Screen Gems,MPAA and the City of Wilmington.
Our mission is to maintain funding for the grant program.If there are opportunities to
increase funding,we will certainly avail ourselves of those opportunities.
FSP's fee for the engagement will be$5000 per month.The engagement will run thru
1 December 31st 2017.
Invoices will be sent on the first of each month and are payable by the fifteenth day of
each month.
Either party may terminate their engagement for any reason upon 30 days written notice.
Tom Fetzer Wilmington Regional Film Commission,inc.
1