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Colville Tribal Federal Corporation

Colville Tribal Federal Corporation. General Membership Meeting October 12, 2013. AGENDA. Introductions Board of Directors Executive Management Corporate Reorganization Strategic Planning Financial Review Questions and Response. Board of Directors. Colville Tribal Federal Corporation

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Colville Tribal Federal Corporation

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  1. Colville Tribal Federal Corporation General Membership Meeting October 12, 2013

  2. AGENDA • Introductions • Board of Directors • Executive Management • Corporate Reorganization • Strategic Planning • Financial Review • Questions and Response

  3. Board of Directors • Colville Tribal Federal Corporation • Kenneth “Butch” Stanger • Gene Nicholson • Michael Finley • Ernest “Sneena” Brooks III • Vacant Position

  4. Executive Management • Joe Pakootas, Chief Executive Officer • Randy Williams, Director of Corporate Gaming • Drew Ryce, Corporate Counsel • Pearl Kirk, Director of Finance • Debbie Atuk, Director of Business Development • Susie Marchand, Director of Small Business • Debi Condon, Director Human Resources • Nathan Moulton, Interim Construction General Manager • Brett Black, Director of Forest Products

  5. Corporate Re-organization • Colville Tribal Federal Corporation • Adopted November 2009 • Gaming (Mill Bay, Okanogan, Coulee Dam) • Construction (CEC) • Retail and Recreation (Trading Post, Keller Community Store, Inchelium Community Store, Tribal Trails - Omak, Tribal Trails – Noisy Waters, Mill Bay Smoke Shop, Columbia River Distribution, Rainbow Beach Resort.) • Forest Products • Fuel

  6. Strategic Planning • Gaming • Omak Casino Resort (Design and Funding Phase) • Mill Bay Casino Resort • Construction • Colville Electrical Corporation • SBA 8(a), HUBZone, MBE/DBE Certifications • New Retail Convenience Stores • Moses Lake • Mill Bay • Forest Products • Sort Yard • Fuel • Fuel Distribution • Bulk Fuel

  7. Financial Review

  8. Financial Review – 2012Unqualified (Clean) Audit Opinion – CTFC October 1, 2011 to Sept. 30, 2012 • Annual Revenues of $84.6 million • Distributed $10.8 million in Gaming Revenue to CCT • Net Income 2012 $4.9 Million

  9. Financial Review 2013CTFC (unaudited) • October-June Revenues, $62.7 million • October 2012 – August 2013, Distributed $12.1 million to CCT in Gaming Revenues • October-June Net Income, $4 million • Long term debt Principal is $28.1 Million (KeyBank Refinancing as of August 2013)

  10. CTFC Operating RevenuesNine Months ending JUNE 2013

  11. CTFC Net Income Nine Months Ending June 2013 vs. June 2012

  12. CTFC PROJECTED Operating RevenuesFY2014

  13. CTFC PROJECTED Operating RevenuesFY 2014

  14. CTFC PROJECTED Net IncomeFY 2014

  15. Loan Balances as of August 2013

  16. Gaming - Distribution to CCT

  17. Gaming - Distribution to CCT FY2013

  18. Gaming – Operating Revenue

  19. Gaming – Operating Revenue

  20. Total Fuel Sales Volume by Month FY 2013

  21. YTD Fuel Sales Volume Nine Months ending June 2013

  22. Year to Date Fuel Sales VolumeNine Months Ending June 2013

  23. Thank YouAny Questions?

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