KIWANIS CLUB OF GREATER MERCED
P. O. BOX 1450
MERCED, CA 95340
August 5, 2023
City of Merced Recreation and
Parks Commission
678 W. 18th Street
Merced, CA 95340
Re: Wahneta Hall Endowment Trust Fund
Dear Parks and Rec Commissioners:
Please accept the following request and information with respect to the Wahneta Hall “Endowment Fund:
1. Amount Requested: $2,395.00 (Maximum of required distribution)
2. Purpose of Request: To operate and maintain train in Applegate Park during 2023-2024 season.
3. Statements why the request should be considered favorably:
Kiddieland Express Trains have operated in the community for over 66 years. The current train has run for approximately 50 years. The flooding that impacted Merced County on April 9, 2023, eroded the existing train track ties resulting in continuous train derailments and concerning safety issues. The safety concerns caused the Board to de-commission our iconic Kiddieland Express Train in April 2023.
Over the past 1.5 years, the project team has learned massive lessons related to the safety challenges connected with local amusement parks. As a result, the Foundation contracted for a train track evaluation which cited numerous safety concerns other than merely the track replacement. These concerns led us to approve the replacement of our tracked train with a “trackless” train that will run on a 6” high traction concrete path on an extended train path route through Applegate Park. The trackless train path will have bummer guards on the Creekside route and will provide an ADA access through the green meadow area in Applegate Park.
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.
4. Statements why the request qualifies for consideration: Under the terms of the Wahnet a Hall Trust, the income from the endowment fund has to be used to establish and maintain a mini train system
CITY OF MERCED
September 11, 2023
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 66 years.
5. Financial Statement: Please see attached the financial statements for the period October 1, 2022 through September 9, 2023.
Your kindest attention to this request is appreciated.
Sincerely,
KIWANIS CLUB OF GREATER MERCED
Kiwanis Kiddieland Committee
4:12 PM
09/09/23
Accrual Basis
Kiwanis Club of Greater Merced
Balance Sheet
As of September 9, 2023
Sep 9, 23
ASSETS
Current Assets
Checking/Savings
Petty Cash - Club Meeting 139.75
Petty Cash - Kiddieland 600.00
West America - Admin. #8691 5,563.59
West America - Projects #3395 96,185.58
West America - Kiddieland #2055 16,384.61
MERCO CU - Kiddieland Savings 26.32
MCU - Premier Money Management 31,938.89
Total Checking/Savings 150,838.74
Accounts Receivable
Accounts Receivable 540.00
Total Accounts Receivable 540.00
Other Current Assets
Deposit - State Fund - W/C 622.31
Total Other Current Assets 622.31
Total Current Assets 152,001.05
Fixed Assets
Metal Building 241.50
Equipment and Machinery 136,362.63
Improvements 116,895.91
Less Accumulated Depreciation -172,608.78
Total Fixed Assets 80,891.26
TOTAL ASSETS 232,892.31
LIABILITIES & EQUITY
Liabilities
Current Liabilities
Accounts Payable
Accounts Payable 3,726.63
Total Accounts Payable 3,726.63
Other Current Liabilities
Unicef Boxes 267.00
Scholarship Payable 3,600.00
Payroll Liabilities
Federal Withholding 97.00
Social Security 286.28
Medicare 66.94
FUTA 13.85
ETT 2.31
SDI 20.79
SUI 34.64
State Withholding 13.28
Workers Comp 1,665.71
4:12 PM
09/09/23
Accrual Basis
Kiwanis Club of Greater Merced
Balance Sheet
As of September 9, 2023
Sep 9, 23
Total Payroll Liabilities 2,200.80
Due to/from M.H. Key Club -291.25
Due to/from G.V. Key Club 986.93
Sales Tax Payable 187.89
Total Other Current Liabilities 6,951.37
Total Current Liabilities 10,678.00
Total Liabilities 10,678.00
Equity
Retained Earnings 146,333.40
Net Income 75,880.91
Total Equity 222,214.31
TOTAL LIABILITIES & EQUITY 232,892.31
7:25 PM
09/10/23
Accrual Basis
Kiwanis Club of Greater Merced
Profit & Loss
October 1, 2022 through September 10, 2023
Oct 1, '22 - Sep 10, 23
Ordinary Income/Expense
Income
Sponsorship/Grants; Workforce I 2,500.00
Project 7,895.00
Club Income
Club Socials.
Christmas Party 543.00
Total Club Socials. 543.00
Vacation Auction 25.00
Donation 1,015.50
Drawing 162.00
Fines 495.00
Installation Dinner 600.00
Interest Income - Club Accounts 2.27
Membership Dues 3,500.00
Total Club Income 6,342.77
KiddieLand
Grant/Award Income 83,289.23
VIP Passes 800.00
Fright Night 3,616.00
Sponshorships/Grants 5,000.00
Easter Egg Hunt 325.00
Party Income 11,050.00
Public Donations 1,894.88
Ride Revenue
Special Events 3,950.00
Ticket Sales 13,434.00
Wrist Band Sales 10,260.00
Total Ride Revenue 27,644.00
Concessions 6,516.31
Interest Income - Kiddieland 58.29
Total KiddieLand 140,193.71
Total Income 156,931.48
Gross Profit 156,931.48
Expense
Chromebook 376.30
KC Convention 338.98
Grounds & Facilities; Hut Windo 541.00
Casino Night 5,905.00
Train Project 7,895.00
Repairs and Maintenance; Ride C 2,260.00
CERVIS 2,650.00
Reconciliation Discrepancies 0.00
Club Expenses
7:25 PM
09/10/23
Accrual Basis
Kiwanis Club of Greater Merced
Profit & Loss
October 1, 2022 through September 10, 2023
Oct 1, '22 - Sep 10, 23
Bank Charges - Club Accounts 132.40
Club Awards 72.79
Club Socials
Christmas Party 980.14
Installation Night 446.92
Club Socials - Other 333.24
Total Club Socials 1,760.30
Convention - District
International Convention 2,560.00
Total Convention - District 2,560.00
Dues
District Dues 1,650.50
Total Dues 1,650.50
Meals - Guests 367.02
Supplies
Marketing 747.04
Office 422.68
Total Supplies 1,169.72
Taxes - Non Profit Fee 25.00
Total Club Expenses 7,737.73
Kiddieland Expenses
PayPal Fees 450.40
Cost of Sales
Other Concession Exp 3,094.09
Pepsi Cola 434.62
Total Cost of Sales 3,528.71
Background Check 71.55
Bank Charges - Kiddieland 23.00
Clean Up Expenses 350.65
Club Website 1,390.84
Contributions
Scholarships 2,000.00
Contributions - Other 0.00
Total Contributions 2,000.00
Easter Egg Hunt Expenses 825.37
Inspections and Permits 2,844.50
Insurance - Kiddieland
Liability Insurance 3,214.72
Total Insurance - Kiddieland 3,214.72
Personnel Costs
Wages
Train Operation 8,822.58
Total Wages 8,822.58
Payroll Taxes 902.35
7:25 PM
09/10/23
Accrual Basis
Kiwanis Club of Greater Merced
Profit & Loss
October 1, 2022 through September 10, 2023
Oct 1, '22 - Sep 10, 23
Workers Comp Insurance 3,534.08
Total Personnel Costs 13,259.01
Pest Control 1,111.50
Postage and Freight 272.00
Repairs and Maintenance
Rides
Car Ride 481.46
Go-Gater 0.00
Merry-Go-Round 8,740.11
Rocket Ride 3,573.00
Train 759.26
Rides - Other 0.00
Total Rides 13,553.83
Grounds & Facilities
Fence 27.57
Landscaping 6,082.00
Snack Shack 881.78
Grounds & Facilities - Other 77.89
Total Grounds & Facilities 7,069.24
Repairs and Maintenance - Other 98.80
Total Repairs and Maintenance 20,721.87
Security Alarm System 761.40
Special Events
Fright Night 137.84
Total Special Events 137.84
Supplies 1,042.48
Telephone & Internet 1,948.75
Missing Receipts 4.00
Total Kiddieland Expenses 53,958.59
Total Expense 81,662.60
Net Ordinary Income 75,268.88
Other Income/Expense
Other Income
Dividend Income - State Fund 73.30
Other Income 258.73
Total Other Income 332.03
Net Other Income 332.03
Net Income 75,600.91