KIWANIS CLUB OF GREATER MERCED
P. O. BOX 1450
MERCED, CA 95340
July 29, 2022
City of Merced Recreation and
Parks Commission
678 W. 18th Street
Merced, CA 95340
Re: Wahnetta Hall Endowment Trust Fund
Dear Parks and Rec Commissioners:
Please accept the following request and information with respect to the Wahnetta Hall "Endowment Fund:
1. Amount Requested: $3,581.00 (Maximum of required distribution)
2. Purpose of Request: To operate and maintain train in Applegate Park during 2021 season.
3. Reasons Request Qualifies for Consideration: Under the terms of the Wahnetta Hall Trust, the income from the endowment fund has to be used to establish and maintain a mini train system and/or establish and maintain a band concert program at Applegate Park. Failure to use the funds in accordance with the trust terms is cause for the trust gift to lapse. The Kiwanis Club of Greater Merced has operated and maintained the train system in Applegate Park for over 50 years.
4. Reasons Request Should be Considered Favorably: Operation of the train system in Applegate Park is operated as a community service to the children and parents of the City of Merced. The costs of operation exceed the revenues. Ticket costs are purposely kept low to serve all in the community. The train has been a popular feature of the park and has provided a memorable experience for the thousands of children and parents who have ridden it over the years.
5. Covid-19 Impact: We were shut down due to COVID-19 during the 2020 and 2021 calendar year.
Despite no income, we continued to maintain the park and the rides and successfully opened for the calendar year 2022 on a shoestring budget. Therefore, this year we have a greater need for some grant/trust assistance.
Your kindest attention to this request is appreciated.
Sincerely,
KIWANIS OF GREATER MERCED
Kiwanis Kiddieland Committee
11:08 AM Kiwanis Club of Greater Merced
Balance Sheet
08/02/22
Accrual Basis As of July 31, 2022
Jul 31, 22
ASSETS
hecking/Saving:
eimbursement Transactions 734.87
Petty Cash - Club Meeting 150.00
Petty Cash - Kiddieland 600.00
5,040.87
4,999.44
31,024.92
MED - Premier Money Mange. 26.32
31,874.04
Total Checking/Savings 74,450.46
610.00
Total Accounts Receivable 610.00
Other Current Assets
Deposit - State Fund - W/C 622.31
Total Other Current Assets 622.31
Total Current Assets 75,682.77
Fixed Assets
Metal Building 241.50
Equipment and Machinery 136,362.63
Improvements 116,895.91
Less Accumulated Depreciation -172,359.78
Total Fixed Assets 81.140.26
TOTAL ASSETS 156,823.03
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 219.17
Total Accounts Payable 219.17
Other Current Liabilities
267.00
Scholarship Payable 1,600.00
Federal withholding 49.00
Social Security 268.76
Medicare 62.86
FUTA 16.81
ETT
2387
SDI
SUI 32.52
Workers Comp -735.91
Total Payroll Liabilities -279.95
Due to/from M.H. Key Clul -240.35
Due to/from G.V. Key Clul 986.93
Sales Tax Payable. 278.35
209.77
Total Other Current Liabilities 2,821.75
Total Current Liabilities 3,040.92
Total Liabilities 3,040.92
11:08 AM Kiwanis Club of Greater Merced
08/02/22 Balance Sheet
Accrual Basis As of July 31, 2022
Jul 31, 22
Equity
Retained Earnings 129,052.56
Net Income 24,729.55
Total Equity 153,782.11
TOTAL LIABILITIES & EQUITY 156,823.03
Kiwanis Club of Greater Merced
11:08 AM
Profit & Loss
08/02/22
Accrual Basis October 2021 through July 2022
Oct '21 - Jul 22
Ordinary Income/Expense
Income
Fundraisers
Fun Run 500.00
Total Fundraisers 500.00
Club Income
Club Socials.
Christmas Party 285.00
Total Club Socials. 285.00
Donation 68.00
Drawing 179.00
Fines 429.00
Installation Dinner 560.00
Interest Income - Club Accounts 3,080.00
Membership Dues
Total Club Income 4,601.71
KiddieLand
Grant/Award Income 2,500.00
VIP Passes 640.00
sponsorships/Grants
Vahnetta Hall Trus 3,027.00
Ride Sponsors 15,800.00
Total Sponsorships/Grants 18,827.00
Party Income 9,950.00
Public Donations 12,301.45
Ride Revenue
Special Events 1,450.00
Ticket Sales 16,280.70
Wrist Band Sales 11,904.00
Total Ride Revenue 29,634.70
Concessions ,817.1
Interest Income - Kiddieland 22.62
Total KiddieLand 79,692.88
Total Income 84,794.59
Gross Profit 84,794.59
Expense
Reconciliation Discrepancies 0.00
Club Expenses
Club Socials
Love Your Club 392.99
Christmas Party 216.20
Total Club Socials 609.19
Dues
District Dues 1,612.00
International Dues, Magazine 2,335.0
Total Dues 3,947.00
Fundraising Costs
Fun Run 260.83
11:08 AM Kiwanis Club of Greater Merced
08/02/22 Profit & Loss
Accrual Basis October 2021 through July 2022
Oct '21 - Jul 22
Race to the Kiddieland Train
Supplies 0.00
Total Race to the Kiddieland T... 0.00
Total Fundraising Costs 260.83
Gifts and Flowers 59.54
Meals - Guests 35.54
Post Office Box Rental 232.00
Supplies
Office 297.37
Total Supplies 297.37
Total Club Expenses 5,441.47
Kiddieland Expenses
PayPal Fees 346.38
Cost of Sales
51.01 Other Concession Exp 1,658.67
Pepsi Cola 1,168.64
Slushie Supplies 140.00
Tickets 1,151.00
Total Cost of Sales 4,169.32
Advertising/Marketing 844.35
Bank Charges - Kiddieland 33.00
Cash Over & Short 144.95
Club Website 7,823.34
Easter Egg Hunt Expenses 700.64
Equipment
Cell Phone 209-930-0092 128.24
Total Equipment 128.24
spections and Permit 2,746.00
surance - Kiddielan
Liability Insurance 3,041.99
Total Insurance - Kiddieland 3,041.99
Printing 57.29
Personnel Costs
Wages
Train Operation 3,777.75
Total Wages 3,777.75
Payroll Taxes 372.12
Workers Comp Insurance 1,555.60
Total Personnel Costs 5,705.47
Pest Control 900.00
Postage and Freight 150.79
Repairs and Maintenance
Rides
Car Ride 583.21
Go-Gater 1,724.00
Helicopter Ride 10,764.91
Rocket Ride 192.00
Train 1,097.38
Rides - Other 298.43
Total Rides 14,659.93
11:08 AM Kiwanis Club of Greater Merced
08/02/22 Profit & Loss
Accrual Basis October 2021 through July 2022
Oct '21 - Jul 22
Grounds & Facilities
Fence 510.00
Landscaping 9,000.00
Total Grounds & Facilities 9,510.00
Total Repairs and Maintenance 24,169.93
Security Alarm System
Supplies
Telephone & Internet
Total Kiddieland Expenses 54,757.67
Total Expense 60,199.14
Net Ordinary Income 24,595.45
Other Income/Expense
Other Income
Dividend Income - State Fund 134.10
Total Other Income 134.10
Net Other Income 134.10
Net Income 24,729.55