The Greater Coachella Valley Chamber of Commerce
45149 Smurr St
Indio, CA 92201 US
+1 7603470676
[email protected]
www.gcvcc.org
Invoice
BILL TO
City of Cathedral City
68-700 Avenida Lalo Guerrero
Cathedral City, CA 92234
INVOICE # DATE TOTAL DUE DUE DATE TERMS ENCLOSED
401255-3 10/01/2023 $18,359.00 10/31/2023 Net 30
ACTIVITY DESCRIPTION QTY RATE AMOUNT
City of Cathedral City -
Contract
Fiscal Quarter 2 (Oct 1, 2023 - Dec 31, 2023) 1 18,359.00 18,359.00 For your convenience, payments may be made online by credit card.
Fiscal Quarter 2 (Oct 1, 2023 - Dec 31, 2023)
BALANCE DUE $18,359.00
GCVCC
Activity Report for Cathedral City
10/1/2023-12/31/2023
Executive Perspective
1) CITY MARKETING:
a. Cathedral City’s events are consistently represented on our weekly eblast to 6,500 email subscribers across the Greater Coachella Valley. b. Cathedral City’s Chamber events are marketed through www.GCVCC.org with sign up links, and social media including Facebook, Instagram, and LinkedIn directing followers to www.GCVCC.org
c. General web postings and social sharing
2) PARTNERSHIPS:
a. GCVCC for the first time was an in-kind sponsor of the Palm Springs International Film Festival and the supporting partner of the PSIFF Family Day which is being held at the Mary Pickford Theatre on January 14, 2024.
GCVCC assisted the PSIFF in getting local food trucks to participate in the free event as well as marketing and promotion.
b. GCVCC also for the first time is a patron sponsor of the Desert Town Hall series. This partnership supports our mission of advocacy and further education.
3) MEETINGS/SPECIAL EVENTS:
a. Held board meetings in Drop By office on the 2
nd Wednesday of the months
b. Conducted 3 Cathedral City Business Walks. Barb Chodos, Director of Operations and Terry Cates, Membership coordinator visited 12 businesses during each walk.
c. Jo Beth Prudhomme, Director of Business Development met with and signed up new memberships with New Leaf Catering, Brunch 101& Boomers. d. Held a Lunch Club at Daniels table with 15 businesses and several City leaders and council members on11/30 -Anna Frost- Spectrum, Christine Sewell- Manpower, Janie Bark-Alzheimer’s Association, Jay Campuzano -Renova Energy, LeVita Waters -Uncle D’s BBQ, Lorena Fabela-AHC Alarms, Tara Uziel & Shelly Hough- Hot Lips Coffee Shop (opening in Cathedral City) Robin Trigg & Michelle Babitz- Legal shield, Marc Schwartz-Commercial Services, Matthew McLeroy- Best Friends Closet, Lance Frank- Berkshire Hathaway, Ramraghi Fuller-JP Morgan, Rhonda Brogdon-Servpro.
e. Attended the Maya Festival Gala Friday, 10/20
f. Attended the Halloween Festival 10/29
g. The Local Cathedral City Board is hosting a mixer on Wednesday, February 21, 2023 at Agua Caliente Cathedral City Casino.
h. We secured two grants one from the Tribe for the food and one from the casino for the venue and AV. We will be honoring the heroes of the clean-up efforts of Hurricane Hillary.
4) MEMBERSHIP:
a. 42 New Members this quarter
b. Total GCVCC members-981
5) GCVCC STAFF-1 new hire
a. We brought on a new administrative coordinator-Natalie Santana. Natalie is working on general office work as well as billing and oversees our Coachella visitors center.
6) Workforce Development Grant
a. The GCVCC is in final negotiations for a new Workforce Development Grant with the County of Riverside up to $125,000. This grant will allow the GCVCC assist local businesses to bring on new employees with their covered up to $21 per hour for the first 90 days of employment as well as workforce and grant training.
Accrual Basis Thursday, January 11, 2024 01:08 PM GMT-08:00 1/1 The Greater Coachella Valley Chamber of Commerce
Statement of Financial Position
As of December 31, 2023
TOTAL
ASSETS
Current Assets
Bank Accounts $165,779.16
Accounts Receivable $241,575.29
Other Current Assets $28,816.80
Total Current Assets $436,171.25
Fixed Assets
15000 Furniture & Fixtures 13,092.32
15100 Leasehold Improvements 8,257.98
17000 Brand Development 3,887.44
Total Fixed Assets $25,237.74
Other Assets
18000 Security Deposit 1,775.00
Total Other Assets $1,775.00
TOTAL ASSETS $463,183.99
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts Payable $21,441.63
Credit Cards $27,671.50
Other Current Liabilities $168,389.31
Total Current Liabilities $217,502.44
Long-Term Liabilities $4,637.04
Total Liabilities $222,139.48
Equity $241,044.51
TOTAL LIABILITIES AND EQUITY $463,183.99
Accrual Basis Thursday, January 11, 2024 01:07 PM GMT-08:00 1/1 The Greater Coachella Valley Chamber of Commerce
Statement of Activity
October - December, 2023
TOTAL
Revenue
40000 MEMBERSHIP DEVELOPMENT REVENUE 51,945.00
41000 BUSINESS SERVICES REVENUE 136,329.32
42000 PROGRAM & SPECIAL EVENTS REVENUE 124,396.16
49000 OTHER REVENUE 2,877.35
49100 CITY CONTRACTS 3,869.00
Total Revenue $319,416.83
GROSS PROFIT $319,416.83
Expenditures
51000 BUSINESS SERVICES EXPENSES 62,199.81
52000 PROGRAM SERVICE EXPENSE 108,581.60
53000 COMMITTEE EXPENSE 3,000.00
59999 Bad Debt/Uncollectible 1,839.65
70000 ADMINISTRATION EXPENSE 55,206.95
72000 PERSONNEL 136,842.49
Total Expenditures $367,670.50
NET OPERATING REVENUE $ -48,253.67
Other Expenditures
90050 Interest Expense 377.05
Total Other Expenditures $377.05
NET OTHER REVENUE $ -377.05
NET REVENUE $ -48,630.72