ALABAMA SPACE SCIENCE EXHIBIT COMMISSION

Finance Committee Agenda

January 18, 2010 -2:30 p.m.

1. Welcome Evans Quinlivan

(A) 2. Approval of Finance Committee Minutes Evans Quinlivan

December 14,2010

(A) 3. FYIO Financial Audit Report Randy Blackwell

4. Monthly Financial Reports Donnie Claxton

5. Status Report Deborah Barnhart

a) Contracts
b) Other

6. Other Items for Review/Approval Evans Quinlivan

7. Announcement of Next Meeting Evans Quinlivan

* February 15,2011 at 2:30 p.m.

8. Adjourn

Note: (A) Action Required

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 ALABAMA SPACE SCIENCE EXHIBIT COMMISSION
FINANCE COMMITTEE
December 14,2010

A meeting of the Finance Committee, Alabama Space Science Exhibit Commission, was held
Tuesday, December 14,2010, at 2:30 p.m. in the Board Room at the U. S. Space & Rocket
Center, Huntsville, Alabama.

COMMITTEE MEMBERS PRESENT: COMMITTEE MEMBERS ABSENT:

Mr. Evans Quinlivan, Chair Ms. Dabsey Maxwell
Mr. Todd Slyman Mr. Tony Jones
Mr. Daniel Wilson Mr. Scott Averbuch
Ms. Bhavani Kakani

OTHER MEMBERS PRESENT: OTHERS PRESENT:

Dr. Waymon Burke Mr. Wes Lyons (former USSRC employee)
Mr. Lee Roop (Huntsville Times)
STAFF PRESENT:
Mr. Larry Capps
Mr. Clif Broderick
Mr. Donnie Claxton
Mr. Ralph Bryson
Ms. Celia Lee

The meeting was called to order by Mr. Evans Quinlivan, Chair of the Alabama Space Science
Exhibit Commission (ASSEC), Finance Committee. He announced a voting quorum present,
and the meeting opened for the transaction of business. Ms. Lee was present to record the
minutes of the meeting.

APPROVAL OF MINUTES:
Mr. Evans Quinlivan asked if there were any changes or comments to the minutes for the
Finance Committee meeting on October 13, 2010, as distributed. There were no changes or
comments; the minutes were approved.

MONTHL Y FINANCIAL REPORTS:

Mr. Capps reported on the Variance Tracker for Reservations and Registrations as of December
13,2010; Weeklong is ahead .57% and the total for all programs is around 7% below this time
last year. The bar chart shows the Registered and Reserved Weeklong, Short, and Total for
Weeklong and Short programs. The Weeklong for FYll is 7,806 versus 7,762 for FYIO; Short
programs are around 2,000 lower from FY10, and the Total for all programs are about 2,000
below FYIO. The Final Comparison chart for all the Weeklong and Short programs ref1ects back
to the first chart, showing Week long is ahead .57% and the Total for all programs are slightly
over 7%. Short programs are down almost 10%.

Mr. Capps reported on the near term financials. The Center's Line of Credit Drawdown as of
December 13, 2010 is $5 .128M versus this time last year at $5.173 M. The next chart is the
Planned Line of Credit Use showing the Budget Forecast for FYI1, the Actual use as of the end
of November 2010, the Maximum (Line of Credit) for the end of FYI1, and where we are/will
be once the Space Investment money is received. The Actual for the end of November is $SM.

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ALABAMA SPACE SCIENCE EXHIBIT COMMISSION
FINANCE COMMITTEE
December 14, 2010 - Page Two

Mr. Quinlivan asked if the $5 .128M is inclusive of outstanding checks or is it the outstanding
balance. Mr. Donnie Claxton said with outstanding checks it is around $5.460M; it consists of
some large bills which includes a payment to Reed Construction for the FTA ($126,000), health
insurance, and payroll is next week. The next chart is Cash Receipts and Disbursements as of
December 12, 2010. The variance of the Planned versus Actual Receipts is positive by
$751,000. The variance of Planned versus Actual Disbursements is $368,000 more. The Total
Planned and Actual Receipts and Disbursements are a positive variance of $383,000. Mr.
Quinlivan asked what we can attribute the positive variance to and Mr. Claxton said it is the
$100,000 from IBM, $280,000 Federal money (not projected for), and $280,000 from Boeing.

Mr. Capps reported on the e-mail he received this morning on the status in Lavasa, India from
Ms. Pamela Al-Ibrahim (Space Investments Company). The government put a hold on all
building in Lavasa because of environmental issues and the "stay" was lifted today. A clerk put
in a wrong date on a mortgage document that needed to be fixed. They believe the disbursement
should be made on December 15 or 16. Ms. Al-Ibrahim is equally frustrated and she is asking
for disbursements to be released for the equipment, storage, and shipping fees. Mr. Quinlivan
asked if that was about $1.5M and Mr. Capps confirmed that is approximately the amount. Mr.
Capps said he is expecting another e-mail from Ms. Al-Ibrahim by the end of the day.

Mr. Donnie Claxton reported on the Summary for the two periods ending November 21,2010;
the Total Operating Revenue for FYII for the Current Period is $1.345M and the Budget is
$1.406M. The Aerospace bookings are up. The Total Operating Expenses for the Current
Period is $1.857M, versus the Budget of$1.942M, with a positive variance of$85,000. The
Change in Net Assets for the Current Period is negative $699,000 and the Budget is a negative
$755,000. The Year to Date for the Total Operating Revenue is $2.723M; the Budget is
$2.964M, for a variance difference of $241,000. Total Operating Expenses are $3.334M; the
Budget is $3.485M, a positive variance of$151,000. The Change in Net Assets Year to Date is
negative $958,000, as is the Budget (negative $958,000). The Fixed Charge Coverage Ratio is
1.34. Mr. Daniel Wilson asked how N arnia is performing and what are the real numbers going to
be. Mr. Capps said as of yesterday about 9,000 have attended. Mr. Ralph Bryson said the
budget for attendance is 18,000. Mr. Capps said there is another 31'2 to 4 weeks to go and
hopefully the attendance will pick up when the new Namia movie is released and the children are
out of school for the holidays. Mr. Wilson asked how much are we off on a dollar basis of the
$436,000 budget for Narnia and Mr. Bryson said it is about 30% down. On the Balance Sheet,
the Bank Covenant of $31 M is over $6.009M. Mr. Quinlivan referenced the Trend Report for
FY08 through FYll, period ending November 21,2010; the Current Accounts Receivables are
$2.166M and asked Mr. Claxton if most of it was Space Investments. Mr. Claxton said the
$750,000 and $184,000 for storage is Space Investments, and there are other items. Mr.
Quinlivan asked about the GT AC invoice for $164,000 and Mr. Claxton said that was in the
Aging (60 days and over category). Mr. Claxton said the DCNR for $250,000 is coming for the
State. Mr. Capps said he had verbal and e-mail communication from Mr. Art Faulkner (Acting
Director for the Alabama Department of Homeland Security) regarding the DHS invoice for
$164,000. Mr. Faulkner said he would talk to the attorneys and get back with us. Mr. Capps
said Mr. Faulkner asked for the original contract to bill against. Mr. Capps has the contract but

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ALABAMA SPACE SCIENCE EXHIBIT COMMISSION
FINANCE COMMITTEE
December 14,2010 - Page Three

Mr. Joe Davis signed on behalf ofMr. Jim Walker. We can produce the original contract and
original invoice; this is Federal money. Mr. Wilson said it is a simple draft agreement and to
please get them what they need. Mr. Wilson said the biggest part is the $130,000, a contract for
the four (4) month period, and Mr. Faulkner will get it paid. Mr. Capps said it is simple but will
see what Mr. Faulkner says when he calls back. Mr. Wilson said Mr. Faulkner called him a
couple of weeks ago and they do want to pay they just need an agreement to sign.

Mr. Claxton presented the Summary of the Revenue and Expenses (Trend Report) for the two
periods, ending November 21,2010, for FY08 through FYIL Mr. Claxton said the most
noticeable changes are the increase in Admissions due to STAR WARS and Narnia and the
decrease in Merchandise Sales. Mr. Quinlivan also pointed out the spike in Part Time Payroll
over the last four years.

LODGING TAX UPDATE: Mr. Capps reported on the Lodging Tax Receipts; the October
payment was $85,132. The budget was for $71,990 and the difference was $13,141 above the
budget.

CONTRACT STATUS REPORT: Mr. Capps reported there were no contracts in November
for $10,000 or more and none for $50,000 or more. Mr. Capps said the Inergi contract for the
Mind of Saturn exhibit goes in next month's Contract Status Report.

OTHER ITEMS FOR REVIEW/APPROVAL: There were no other items for

review/approval.

ANNOUNCEMENT OF NEXT MEETING: Mr. Quinlivan announced that the next meeting
of the Finance Committee has been scheduled for Tuesday, January 18,2011, at 2:30 p.m. in the
Board Room of the U.S. Space & Rocket Center.

ADJOURNMENT: There was no other business to come before the Finance Committee. Mr.
Daniel Wilson made a motion to adjourn, seconded by Mr. Todd Slyman; the motion was
unanimously approved and the meeting adjourned at 3: 12 p.m.

EVANS QUINLIVAN, CHAIR

FINANCE COMMITTEE
ALABAMA SPACE SCIENCE EXHIBIT
COMMISSION

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 'U. S. Space & Rocket Center Page 1
Summary of U. S. Space & Rocket Center
For the Three Periods Ending December
(Dollars in Thousands)

FY 2011 FY 2010 FY 2009 FY 2008 FY 2011 FY 2010 FY 2009 FY 2008

Period Period Period Period YTD YTD YTD YTD
Revenues
Admissions $193 $137 $156 $167 $669 $534 $569 $600
Merchandise Sales 75 100 124 141 360 388 469 544
Food Service Sales 26 32 31 29 109 111 110 123
Special Events/Night Functions 98 211 177 42 199 384 390 130
Aerospace Income 167 207 236 191 1,318 1,173 1,304 1,274
License Income 35 25 0 39 10 37 1,501
GTAC Income 25 31 59 25 286 235 118 71
Lodging Tax 60 60 74 19 190 190 229 224
Other Income 86 98 164 62 319 279 371 344

Total Operating Revenue 765 876 1,046 676 3,489 3,304 3,597 4,811

Expenses
Cost of Goods Sold 114 126 120 89 416 371 441 381
Full Time Payroll 579 631 614 626 1,480 1,587 1,591 1,560
Part Time Payroll 232 206 174 177 800 646 618 579
Payroll & Related 168 219 215 230 586 655 633 660
Utilities 103 90 146 82 265 267 330 219
Repairs & Maintenance 26 38 20 72 83 128 93 159
Insurance 67 41 39 42 130 107 122 134
Outside Services 183 92 29 148 394 234 229 314
Advertising 6 22 96 69 20 37 119 200
Interest 92 134 97 93 274 301 288 296
Other Expenses 118 233 118 199 587 594 573 622

Total Operating Expenses 1,688 1,832 1,668 1,827 5,035 4,927 5,037 5,124

Operating Income (Loss) (923) (956) (622) (1,151) (1,546) (1,623) (1,440) (313)

Non-Operating Income
Grants - Federal & Saturn V 5 232 67 1,570 86 248 68 2,429

Depreciation 219 209 209 198 647 628 617 596

Change in Net Assets ($1,137) ($933) ($764) $221 ($2,107) ($2,003) ($1,989) $1,520

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 u.s. Space & Rocket Center
Balance sheet
as of

12/26/2010 12/27/2009 12/28/2008 12/30/2007

Assets
Current Assets
Operating Cash $6 $20 $20 $20
Trade Accounts Receivable 1,242 1,282 1,744 3,043
Inventory 435 477 456 346
Prepaid Expenses 877 450 514 400
Total Operating Current Assets 2,560 2,229 2,734 3,809

Restricted Cash - Donor Restricted 301 812 208 204

- Held by Trustee 0 219 981
- Debt Service 852 882 566 538
- Reserve Fund 1,454 1,392 1,392 1,396
2,607 3,086 2,385 3,119

Property, Plant, Equipment 52,334 51,463 52,062 49,647

(Net of Accumulated Depreciation)
Historical Assets 1,037 1,037 1,037 1,037
Other Assets 414 441 447 474

Total $58,952 $58,256 $58,665 $58,086

Liabilities and Equity

Current Liabilities
Accounts Payable $1,537 $1,010 $956 $1,558
Accrued Expenses 1,120 496 642 399
Deferred Income 2,101 2,643 2,272 3,533
240 519 366 0
Current Operating Debt 5,247 5,497 4,823 2,938
Total Operating Current Liabilities 10,245 10,165 9,059 8,428

Current Bond Fund Liabilities 961 801 753 734

Long Term Liabilities 12,906 13,756 14,282 14,772

Equity 36,947 35,537 36,560 32,632
Net Income (Loss) (2,107) (2,003) (1,989) 1,520

Total $58,952 $58,256 $58,665 $58,086

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 Revenue Direct Aerospace Corporate Net Direct Aerospace Corporate Net
Expenses Overhead Overhead Expenses Overhead Overhead
Long Programs - 1 week or longer
Camp 2,385 $1,580,307 $424,032 $900,421 $300,439 ($44,585) 26.8% 57.0% 19.0% -2.8%
Academy 2,648 $1,845,486 $486,003 $1,051,514 $350,512 ($42,543) 26.3% 57.0% 19.0% -2.3%
Advanced 879 $604,865 $200,917 $344,638 $121,029 ($61,719) 33.2% 57.0% 20.0% -10.2%
Advanced 120ay 42 $76,942 $18,606 $43,840 $15,396 ($899) 24.2% 57.0% 20.0% -1.2%
Mach I 172 $116,880 $28,841 $66,595 $23,387 ($1,943) 24.7% 57.0% 20.0% -1.7%
Mach II 542 $386,445 $89,703 $220,187 $77,325 ($770) 23.2% 57.0% 20.0% -0.2%
Mach III 266 $206,734 $50,472 $117,792 $41,366 ($2,896) 24.4% 57.0% 20.0% -1.4%
Mach III 12Day 43 $77,357 $15,483 $44,076 $15,479 $2,320 20.0% 57.0% 20.0% 3.0%
Adult Advanced 37 $33,050 $7,584 $18,831 $6,613 $22 22.9% 57.0% 20.0% 0.1%
Adult8Day 14 $19,784 $2,871 $11,272 $3,959 $1,682 14.5% 57.0% 20.0% 8.5%
Spotlight 999 $455,165 $141,833 $259,342 $91,075 ($37,085) 31.2% 57.0% 20.0% -8.1%
Teachers 512 $629,115 $177,467 $358,455 $125,881 ($32,688) 28.2% 57.0% 20.0% -5.2%
8,539 $6,032,130 $1,643,812 $3,436,964 $1,172,460 ($221,107) 27.3% 57.0% 19.4% -3.7%

Short Programs
PC 546 $283,994 $59,068 $161,813 $56,825 $6,287 20.8% 57.0% 20.0% 2.2%
Star Wars 1,229 $571,805 $106,948 $325,801 $100,146 $38,910 18.7% 57.0% 17.5% 6.8%
ACPC 98 $31,887 $8,096 $18,168 $6,380 ($758) 25.4% 57.0% 20.0% -2.4%
Pathfinder 6,941 $1,664,286 $640,119 $948,271 $333,012 ($257,116) 38.5% 57.0% 20.0% -15.4%
Adult Academy 65 $28,661 $5,813 $16,330 $5,735 $783 20.3% 57.0% 20.0% 2.7%
AC Adult 5 $1,197 $447 $682 $240 ($172) 37.4% 57.0% 20.0% -14.4%
Corporate 378 $242,451 $220,118 $0 $47,569 ($25,236) 90.8% 0.0% 19.6% -10.4%
NASA Stars 251 $227,669 $41,503 $129,720 $45,555 $10,890 18.2% 57.0% 20.0% 4.8%
Day Spotlight 1,003 $309,803 $95,726 $176,518 $61,989 ($24,431 ) 30.9% 57.0% 20.0% -7.9%
Day Camp 677 $124,106 $58,778 $70,713 $24,833 ($30,217) 47.4% 57.0% 20.0% -24.3%
Astrotrek 12,914 $2,047,545 $455,778 $1,166,642 $409,699 $15,425 22.3% 57.0% 20.0% 0.8%
Alabama Outreach $538,016 $269,008 $306,549 $107,653 ($145,194) 50.0% 57.0% 20.0% -27.0%
Other $651,370 $86,222 $281,278 $130,335 $153,535 13.2% 43.2% 20.0% 23.6%
24,107 $6,722,790 $2,047,625 $3,602,486 $1,329,971 ($257,292) 30.5% 53.6% 19.8% -3.8%

Total 65,292 $12,754,920 $3,691,438 $7,039,450 $2,502,431 ($478,399) 28.9% 55.2% 19.6% -3.8%

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 r
Revenue Direct Aerospace Corporate Net
Per Caps Expenses Overhead Overhead

Long Programs
Camp $663 $178 $378 $126 ($19)
Academy $697 $184 $397 $132 ($16)
Advanced $688 $229 $392 $138 ($70)
Advanced 12Day $1,832 $443 $1,044 $367 ($21)
Mach I $680 $168 $387 $136 ($11)
Mach II $713 $166 $406 $143 ($1)
Mach III $777 $190 $443 $156 ($11)
Mach III 12Day $1,799 $360 $1,025 $360 $54
Adult Advanced $893 $205 $509 $179 $1
Adult8Day $1,413 $205 $805 $283 $120
Spotlight $456 $142 $260 $91 ($37)
Teachers $1,229 $347 $700 $246 ($64)
$706 $193 $403 $137 ($26)

Short Programs
PC $520 $108 $296 $104 $12
Star Wars $465 $87 $265 $81 $32
ACPC $325 $83 $185 $65 ($8)
Pathfinder $240 $92 $137 $48 ($37)
Adult Academy $441 $89 $251 $88 $12
AC Adult $239 $89 $136 $48 ($34)
Corporate $641 $582 $0 $126 ($67)
NASA Stars $907 $165 $517 $181 $43
Day Spotlight $309 $95 $176 $62 ($24)
Day Camp $183 $87 $104 $37 ($45)

Total $279 $85 $149 $55 ($11)

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 'U. S. Space & Rocket Center Page 1
Summary of U. S. Space & Rocket Center
For the Three Periods Ending December 26, 2010
(Dollars in Thousands)

Current Period Year to Date FY 2011

FY 2011 FY 2011 FY 2011 FY 2011 FY 2011 FY 2011 FY 2010 VS.
Period Budget Variance YTD Total Budget Variance YTD Total FY 2010
Revenues
Admissions $193 $356 ($163) $669 $1,023 ($354) $534 $135
Merchandise Sales 75 117 (42) 360 440 (80) 388 (28)
Food Service Sales 26 35 (9) 109 139 (30) 111 (2)
Special Events/Night Functions 98 200 (102) 199 322 (123) 384 (185)
Aerospace Income 167 240 (73) 1,318 1,374 (56) 1,173 145
License Income 35 17 18 39 81 (42) 10 29
GTAC Income 25 225 (200) 286 490 (204) 235 51
Lodging Tax 60 60 0 190 190 0 190 0
Other Income 86 79 7 319 235 84 279 40

Total Operating Revenue 765 1,329 (564) 3,489 4,294 (805) 3,304 185

Expenses
Cost of Goods Sold 114 167 53 416 422 6 371 (45)
Full Time Payroll 579 575 (4) 1,480 1,476 (4) 1,587 107
Part Time Payroll 232 205 (27) 800 750 (50) 646 (154)
Payroll & Related 168 198 30 586 565 (21 ) 655 69
Utilities 103 106 3 265 316 51 267 2
Repairs & Maintenance 26 46 20 83 131 48 128 45
Insurance 67 65 (2) 130 134 4 107 (23)
Outside Services 183 263 80 394 559 165 234 (160)
Advertising 6 6 0 20 40 20 37 17
Interest 92 97 5 274 277 3 301 27
Other Expenses 118 155 37 587 751 164 594 7

Total Operating Expenses 1,688 1,883 195 5,035 5,421 386 4,927 (108)

Operating Income (Loss) (923) (554) (369) (1,546) (1,127) (419) (1,E)23) 77

Non-Operating Income
Grants - Federal & Saturn V 5 5 86 86 248 (162)

Depreciation 219 219 0 647 657 10 628 (19)

Change in Net Assets ($1,137) ($773) ($364) ($2,107) ($1,784) ($323) ($2,Q03) __($104)

ITwelve Month Fixed Charge Coverage Ratio 1.091

..- - .... ._----

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 Balance Sheet
U. S. Space & Rocket Center
(Dollars in Thousands)

Current
12/26/2010 11/21/2010 Change
Assets
Current Assets
Operating Cash $6 $21 ($15)
Trade Accounts Receivable 1,242 1,017 225
Inventory 435 453 (18)
Prepaid Expenses 877 891 (14)
Total Operating Current Assets 2,560 2,382 178

Restricted Cash - Donor Restricted 301 301 0

- Debt Service 852 699 153

- Reserve Fund 1,454 1,453 1
2,607 2,453 154

Property, Plant, Equipment 52,334 52,356 (22)

(Net of Accumulated Depreciation)
Historical Assets 1,037 1,037 0
Other Assets 414 416 (2)

Total $58,952 $58,644 $308

Liabilities and Equity

Current Liabilities
Accounts Payable $1,537 1,024 $513
Accrued Expenses 1,120 1,127 (7)
Deferred Income-future attendees 2,101 1,549 552
Equipment Sales 240 240 0
Current Operating Debt 5,247 4,937 310
Total Operating Current Liabilities 10,245 8,877 1,368

Current Bond Fund Liabilities 961 891 70

Long Term Liabilities 12,906 12,899 7

Equity 36,947 36,947 0
Net Income (Loss) (2,107) (970) (1,137)

Total $58,952 $58,644 $308

Amount over Bank Covenant of

$31,000 $3,840

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 Page 3
u.s.
Space & Rocket Center
Statement of Cash Flows
For Period September 26,2010, to December 26,2010

Cash Flows from Operating Activities

Receipts from Customers $1,974,501
Payments for Services (1,604,445)
Payments for Goods and Materials (2,022,505)
Net Cash provided (used) by Operations (1,652,449)

Investing Activities
Receipt of funds from the Bond Trustee o
Interest Income 157
Net cash from investing activities 157

Non-capital Financing Activities

Drawdown on LOC 3,910,500
Payments on LOC (2,349,600)
Interest payments on LOC 57,482
Lodging Tax 190,000
State of Alabama appropriation 132,773
Rental income 71,155
Net cash provided by financing activities 2,012,310

Capital and related financing activities

Interest payments (615,642)
Purchase of property and equipment (294,981)
Contributions 514,672
Principal repayment on bonds (600,000)
Net cash used for capital and related financing activities (995,951)

Change in cash (635,933)

Cash at beginning of year 1,787,634
Cash at end of period $1,151,70l

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 j

FY11/FY10 COMPARISON AS OF FY11 FY11 FY11 FY10 FY10 FY10 COMPARISON %Chg.
1/18/11 Registered Reserved TO DATE Registered Reserved TO DATE Var. To Date To Date
Space Camp 536 796 1,332 689 712 1,401 -69 -4.93%
Space Academy 1,079 1,030 2,109 865 1,232 2,097 12 0.57%
Advanced Space Academy 596 488 1,084 371 441 812 272 33.50%
AC Mach I 101 20 121 65 35 100 21 21.00%
AC Mach II 356 89 445 267 75 342 103 30.12%
AC Mach III 139 64 203 128 65 193 10 5.18%
12 day Advanced and Mach 3 59 59 33 33 26 78.79%
Adult Weeklong 32 60 92 8 8 84 510.00%
Spotlight on Technology Programs 326 1971 2,297 699 1,282 1,981 316 15.95%
Day Camp Programs 17 17 -17 -100.00%
Teachers Program 294 294 266 266 28 10.53%
Honeywell Leadership Program 240 240 176 176 64 36.36%
TOTAL WEEKLONG 3,224 5,052 8,276 3,142 4,284 7,426 850 11.45%
Family Programs 248 2 250 188 12 200 50 25.00%
Pathfinder Programs 3,681 4,195 7,876 3,769 3,272 7,041 835 11.86%
Adult Space Academy 17 17 20 20 -3 -15.00%
AduitAC 3 3 -3
Corporate Space Academy 356 356 247 247 109 44.13%
Astrotrek & New Horizons 6,959 4,498 11,457 6,737 6,254 12,991 -1534 -11.81%
TOTAL SHORT 10,905 9,051 19,956 10,724 9,785 20,509 ·553 ·2.70%
TOTAL 14,129 14,103 28,232 13,866 14,069 27,935 297 1.06%

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 2011 Comparison to Budget

Fall! Winter Spring Summer

Weeklong Budget 794 1,430 4,535
Weeklong Actual 887 1,302 2,345
5000,-- - -- -- --- ---

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£,C Actual ____________ 13-"___ '--_.-12 ___ 77
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COMPARISON AS OF FY11 Variance FY11 Variance FY11 Variance FY11 Variance

1!18/11 to Budget FalllWinter Spring Summer
SPACE CAMP -43% -28% 27% -72%
SPACE ACADEMY -20% 6% 18% -42%
ADVACADEMY 30% 103% 321% -38%
MACHI -28% -18% #DIV/O! -43%
MACHI! -13% -33% 300% -20%
MACH III -7% -44% #DIV/O! -12%
Family Programs -68% 4% -65% -86%

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Sprocketeers.org
 CONTRACTS IN EFFECT
December 30, 2010

• Indicates contracts approved by ASSEC

N Indicates new contracts received since this report was provided on 1113011 0
R Indicates contracts renewed
* Indicates cost contract in effect over $10,000.00.

COMPANY /INDIVIDUAL TYPE OF BEGINNING EXPIRATION AMOUNT COMMENTS

INSTRUMENT DATE DATE

Activision Value Publishing License Agreement March 20, 2009 December 31,2011 $30,000 + Revenue. Promotional exposure.

*ADP, Inc. Major Accounts July 7, 2006 May be terminated by Approximately Provide the procurement of payroll, tax filing, benefits
Agreement either party providing $45,000.00 Annually administration and other data processing services, including
the other party a related web hosting services, equipment, computer programs,
written notice at least software, and documentation.
90 or 30 days
AL Coop Extension System, (4H) License Agreement October 15, 2010 September 30, 2012 0 Promotional Exposure.

Alabama Department of Conservation & Contract August 6, 20 I0 August 6, 2012 $625,000.00 Revenue. Coastal Remote Monitoring System, Phase 2.
Natural Resources
*Aquapure Water Systems
• Lease Agreement March 2, 2009 February 28, 2012 $10,440.00 Coffee/Ice Machines.
Aries Group LTD Intellectual Property March ] 0, 2009 December 31, 2012 0 Use of images of DCSE.
As One Inc. License Agreement April 6, 2007 September 30, 20 II 0 Facilitate Corporate Programs.
Best Western License Agreement February 25, 20 10 September 30, 20 II 0 Star Wars hotel package (12/10). Narmia (9/] I)
*Bob Brantley Memorandum of August 31,2010 September 30, 2011 $850.00/mo Plus mileage. Distribution of literature.
Agreement
Booster, Inc. License Agreement July8,2010 June 1,2011 $6000.00 Promotional exposure.

Sprocketeers.org
 COMP ANYIINDIVIDUAL TYPE OF
, INSTRUMENT
Building Church N Special Function
CHECKCARE SYSTEMS Membership
Agreement
City of Huntsville
• Lease Agreement
*Computer Consultants Contract Agmt
Cox & Associates Agreement
*Crystal Data
*Cyberdome
• Agreement
Purchase Order
DeAndre Russell N Special Function
Dennis Bulgatz N Special Function
*Direct Communications • Consulting Agmt
Don Jagoda Associates License Agreement
ERC Incorporated N Special Function
*Eureka Exhibits
First Commercial Bank of Huntsville
• Exhibit Rental Agmt
Line of Credit,
General Operating,
Letter of Credit
*Ft Worth Museum of Science & History
Gray Research
•
N
Exhibit Agreement
Special Function
GOV Deals Sellers Agreement
Huntsville Botanical Gardens MOV
Huntsville Marriott License Agreement
* IMAX Corporation Maintenance
Agreement
[MAX Corporation Motion Picture
License Agreement
[TT Technical Institute N Special Function
Just4Fun License Agreement
BEGINNING EXPIRATION AMOUNT COMMENTS
DATE DATE
December 1,2010 December 1,2010 $150.00 Revenue. Special Function Event.
April 26, 200 I May cancel with win $500.00 Annual Company pays USSRC for all qualified checks returned by
membership fee bank.
April 23, 1981 April 23, 2011 0 Option exercised to extend Lease for another 10 years on land
belonging to ASSEC.
June 27,2001 Yearly auto renewal $78,000.00 AS40 Consulting, Murray Townsend.
September 25, 1995 Period to Period Employee Benefits Insurance broker on employee related benefits.
September 20,2010
November 4, 2008
August 6, 2012
January 30, 2011
$365,683.00
$635,910.00
Coastal Video Monitor System for DCNR, Phase 2.
F16 single/dual cockpit for Dubai Project.
December 13, 2010 December 13,2010 $242.40 Revenue. Special Function Event.
November 27,2010 November 27,2010 $3,610.00 Revenue. Special Function Event.
July 28, 2006 February 12,2011 $4000.00/mo Strategic counseling relative to Federal/State agenda. This firm
has been provided a 30 day can~ellation notice.
April 14,2010 September 27, 2011 $998.00 Trademark & logo promotional.
December 10, 2010 December 10,2010 $1,343.35 Revenue. Special Function Event.
March 15,2010
May 15,2007
September 6, 2011
Letter- May 15,2012
$150,000.00
See comments
Be the Dinosaur Exhibit on 5/16/1 I. Payment schedule.
FCB provides an operating line of credit for $6,000,000; a letter
Line- May 31,2011 of credit for $4,000,000; and general operating ZBA accounts
payable, payroll, and credit card accounts with a depository
sweep account tied to the letter of credit.
April 6, 2010
December 14, 20lO
May 13,2011
December 14,2010
$250,000.00
$10,704.10
CSI Exhibit on 1117111. Payment schedule.
Revenue. Special Function Event.
November 29, 2010 November 29, 2011 Set Fee Structure Internet based auction system, I year renewals.
March 4, 2010 March 19,2011 $10,800.00 Advertising, Botanical Gardens to share 50% of the cost.
December 20, 20 10 December 30, 2011 0 Complimentary rooms for Gala.
December 20, 200 I Ends upon $37,114.79 Annually To consolidate former maintenance agreements with SONICS
discontinuation of use (Payable in quarterly dated March 14,2000, and IMAX dated May 30,1981.
of system installments)
March 19,2010 March 18,2011 TBD Motion Picture License "Hubble".
December 12, 20 10 December 12, 2010 $360.00 Revenue. Special Function Event.
March 15,2010 September 27, 20 II $1000.00 Promotional exposure.
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"
COMP ANY/INDIVIDUAL
K2 Communications
Knology Inc.
*Lanier,1. Smith & Company
Lanier, J. Smith & Company
Local TV AL dba WHNT TV
Mactus Group Limited (China)
Maiesco Entertainment
Mary Collins
MCI WorldCom Communications,
MCI Worldcom (Verizon)
Merge Effect LLC
Missile Defense Agency
Motion Picture Productions
NASA Exhibits
NASA Exhibits
NASA Exhibits
NASA Langley Research Center
Omega Psi Phi-Xi Omincron Chapter
Rocket City Broadcasting
SharpShooter Imaging
Shout! Factory, LLC
Smithsonian Museum
Smithsonian, Lernelson Center
TYPE OF BEGINNING EXPIRATION AMOUNT COMMENTS
INSTRUMENT DATE DATE
Film Agreement March 31, 20 I I February 28,2012 TBD Legends Film
License Agreement February 28, 20 1O September 27,2011 TBD Various locations, on-Iine promotions.
Agreement October 1,2007 September 30,2011 $40,865.90 Broker services for purchasing and handling of Property and
Renewed Annually Casualty, General Liability, etc. insurance coverage.
Agreement October 1,2008 September 30,2011 $7,485.50 Provide broker services for purchasing and handling of Workers
Compensation insurance coverage.
License Agreement April 23, 2009 April 15,2011 Video camera on SATV.
N Option to Enter Into
Licensing Agreement
December 1,2010 June 8,2012 °
$1,750,000.00 Revenue. Space Camp license agreement withe Space Academy
& Adv Space Academy add on licenses.
License Agreement June 23, 2009 December 3 I, 2011 $1,154.00 Promotional exposure.
N Non- Disclosure November 5, 2010 November 5, 2016 0 Writer, proposed TV series filmed at USSRC.
Inc. (Verizon) Service Agreement May 1,2008 April 30, 20 II Charges will vary MCI will provide International, Interstate, and Intrastate
telecommunications services.
Dist Agreement July 1,2010 July 1,2011 TBD Prepaid phone cards.
Lie of Int Property June 11, 2008 December 31, 20 II Trade press release regarding Metl-Span panels.
N Corporate Program
Location Agreement
January 20, 20 II
March 10,2009
January 20, 2011
December 3 I, 2012
°
$56,640.00
0
Revenue. Corporate Program Event.
Footage for UFO's for History Channel.
Exhibit Loan January 5, 1996 Indefinite Loan 0 Artifacts (120 items) for exhibit purposes.
Agreement
Exhibit Loan May 21, 1997 Indefinite Loan 0 Artifacts (15 items) for exhibit purposes.
Agreement
Exhibit Loan August IS, 1997 Indefinite Loan 0 Artifacts (lunar rocks) for exhibit purposes.
Agreement
Property Loan May 10, 1999 November 30, 2008 0 Loan for property (Lunar Excursion Model, ECN # 0258587
Agreement valued at $10,000.00). Renewal is pending.
N Special Function December 31,2010 December 3 I, 20 1O $13,324.00 Revenue. Special Function Event.
License Agreement July 2, 2010 September 27,20 II $3000.00 Promotional exposure.
Service Agreement May 29, 2009 January 30,2012 0 Photographic concessions.
License Agreement September 18, 2009 February 31,2011 $1,154.00 Promotional exposure.
• Loan Agreement June 30, 1993 March 3 I, 2005 0 Space artifacts on loan to USSRC. The Agreement renewal
pending.
is
MOU December 8, 20 10 January 30, 2012 0 Lab outreach kit Project.
Sprocketeers.org
 COMP ANY /INDIVIDUAL TYPE OF BEGINNING EXPIRATION AMOUNT COMMENTS
INSTRUMENT DATE DATE

Space Camp Ambassadors License Agreement
Space Investment Co., LLC (Dubai/India) N License Agreement
Space Theme Park India, LTD (Dubai/India) N Contract for Sale of
Goods
Starwood Hotels & Resort Non-Disclosure
Tennessee Coin Amusements R License Agreement
Various December 31,2013 TBD India, England, Australia, China, Costa Rica, India & Dubai,
Owner of Trademarks.
November 20, 2007 30 years $750,000.00 Revenue. Plus royalty fee. Aviation Challenge.
November 7, 2008 Equipment- 1/15/10 $3,073,916.00 Revenue. This is Amendment I to original. Amendment 2 is
Installation- 5/1/10 pending.
November 6, 2008 November 6, 2013 0 Partnership in promotion.
August 1,2010 July 30,2011 0 Revenue. Exclusive license to operate 2 coin operated weight
scales, 1 Robo Grip strength machine, and I hyperbolic funnel.

*The Field Museum • Exhibit Contract March 26, 20 10 September 5, 2011 $95,000.00 A.T. rex Names Sue on 5/2 III 1. Payment schedule.
*The Field Museum
The Tennessee Aquarium
• Exhibit Contract
License Agreement
May 17,2010
March 23,2010
September
September
3, 2012
27, 20 II
$300,000.00
$500.00
Mammoths & Mastodons on 5/26/12. Payment schedule.
Promotional exposure.
3D Entertainment Distribution Film License May 27, 2011 September 5,2011 TBD 3D Motion Picture License, SeaRex 3D; Journey to a Prehistoric
Agreement World.
Traveller Internet Solutions, Inc. Cooperative September 10, 20 I0 September 10, 20 II Connect to Traveller's wireless network and to receive
Agreement Two one year
renewal terms
° bandwidth up to 5mb with occasional bursts above stated levels.

U.S. Army Garrison Redstone Arsenal

• Formal Agreement
*Van Scoyoc Associate
• Memorandum of
Agreement
Wesfam Restaurants, Inc. N Special Function
September 5, 2008 Indefinite 0 Army artifacts - Terminated by either party with 30 d/w/n.
January 1, 2010 February 12, 2011 $120,000.00, Plus
expenses
Govt. Advisors. This firm has been provided a 30 day
cancellation notice.
November 30,2010 November 30, 20 I0 $970.62 Revenue. Special Function Event.

Sprocketeers.org
 Allocation of FY 2010 USSRC Proprietary 1/18/2011 8:18

Sum of 9/26/2010 Classification

Type Acct Type Administration Camp Food Service GTAC Marketing & Sales Merchandise Museum Non-Operating Other Income Support Grand Total
30 01Admissions 5,357,569 5,357,569
02Merchandise 3,205,725 5,469 3,211,195
03Food Service 872,508 872,508
04Camp Income 12,235,306 0 0 12,235,306
05Advancement Income 177,700 177,700
06GTAC Income 626,286 626,286
081nterest 21,731 21,731
09License Income 15,550 101,306 408,234 525,090
10Night Function 1,482,954 1,482,954
11Moon Buggy 75,499 75,499
14Capital Contributions 0 0
15State Appropriations 519,614 519,614
16RV Income 118,310 118,310
17Exhibit Income 653 653
18LandRentai 276,692 276,692
19Lodging Tax 916,005 916,005
30Cost of Goods Sold 614 (93) 521
30 Total 21,731 12,754,920 2,356,075 626,286 15,457 3,205,725 5,653,337 591,404 1,192,697 26,417,632
40 30Cost of Goods Sold (574,393) (674,938) 0 (1,305,627) (38,239) (1,873) (2,595,069)
31Payroll and Benefits (1,429,122) (6,292,997) (824,123) (246,544) (271,041 ) (785,179) (1,329,088) (497,024) (1,913,182) ( 13,588,299)
32Supplies (33,796) (571,876) (162,815) (7,884) (1,427) (24,964) (281,927) (3,827) (53,581) (1,142,097)
33R&M (13,501) (202,724) (64,489) (119,703) 0 (28,149) (140,249) (2,640) (312,147) (883,602)
34Licenses/Permits (580) (250) (6,603) (1,575) (806,357) (1,297) (816,662)
35Travel (24,995) (60,234) (22,787) (9,485) (5,220) (560) (23,158) (6,806) (2,494) (155,739)
36Tele/office (17,334) (38,279) (1,404) (1,679) (3,232) (3,712) (12,984) (1,787) (6,764) (87,175)
37Postage (5,296) (12,058) (1,343) (410) (4,615) (8,664) (19,297) (3,538) (4,007) (59,229)
37Rental Expense (3,685) (215,348) (246,896) 0 0 (1,000) (1,583) (665) (1,647) (470,823)
381nsurance (9,920) (232,919) (22,619) (129) (43) (41,726) (117,315) (214) (21,977) (446,861)
38Utilities (31,168) (629,181) (95,761) (4,997) (8,261) (67,002) (485,439) (5,099) (13,977) (1,340,885)
39Bank Costs\Bad Debt (18,723) (221,596) (4,877) 0 (30,513) (37,413) 0 (350) (313,471)
39Computer Software (1,663) 0 (21,311) 0 (22,974)
40Advertising (20,109) (92,632) (10,731 ) 0 (1,692) (226,636) (1,470) 0 (353,270)
410utside Services (347,748) (315,556) (45,807) (292,107) (39,807) (1,863) (301,652) (222,616) (132,421 ) (1,699,577)
500ther (21,861) (16,197) (15) (115) (1,103) (531) (3,605) (190) 0 (43,617)
521nterest Expense (20,109) (241,792) (80,527) (4,740) (2,378) (18,059) (699,606) (3,790) (26,593) (1,097,594)
53Depreciation (130,326) (1,012,858) (110,579) (2,321 ) (1,176) (34,574) (1,433,121) (6,676) (20,942) (2,752,573)
40 Total (2,129,935) (10,730,888) (2,376,313) 1711,424) (339,995) (2,353,696) (5,957,670) (758,216) (2,511,379) (27,869,516)
70 55Ship&Receiving (6,615) (22,913) (371) (1,437) 80,000 (12,233) (1,598) (34,833) 0
561S 339,931 (161,876) (20,244) (10,102) (8,090) (42,501) (40,489) (8,090) (48,539) 0
56Purchasing 78,156 (46,452) (752) (2,911) (24,799) (3,242) (0)
57HR 341,909 (195,703) (56,933) (692) (519) (29,089) (25,769) (1,384) (31,822) (0)
58Transportation 14,420 (14,420) 0
59Vehicle Maintenance 123,722 (111,350) (12,372) 0
60Support&Admin 1,354,823 (2,022,444) (373,417) (99,445) (508,407) (896,202) (93,854) 2,638,945 (0)
61Marketing (192,411 ) (33,740) 337,494 (60,732) (50,610) (0)
70 Total 2,108,205 (2,503,656) (484,335) (111,362) 324,537 (560,729) (1,175,872) (108,167) 2,511,379 (0)
90 14Capital Contributions 0 2,841,333 2,841,333
521nterest Expense (1,391) (1,391)
90 Total 0 2,839,942 2,839,942
Grand Total 0 (479,624) (504,573) (196,501) (0) 291,299 (1,480,204) 2,564,963 1,192,697 0 1,388,058

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Sprocketeers.org