REGULAR MEETING OF THE BOARD OF DIRECTORS/COMMISSIONERSWEDNESDAY, JULY 25, 2018, 2:00 P.M.

New Orleans Public

Facility Management, Inc.

Agenda

Regular Meeting of the Board of Directors

New Orleans Public Facility Management, Inc.

Wednesday, July 25, 2018, 2:00 PM

AGENDA

I. Call to Order by Chairman – Roll Call

II. Public Comment

III. Approval of NOPFMI Board Meeting Minutes of June 27, 2018

IV. Operations

V. Other Business

VI. Next Regular Scheduled Meeting: Wednesday, August 22, 2018 at 2:00 P.M.

VII. Motion to Adjourn

New Orleans Public

Facility Management, Inc.

Minutes

1

MEETING MINUTES OF THE BOARD OF DIRECTORS

NEW ORLEANS PUBLIC FACILITY MANAGEMENT, INC.

A Meeting of New Orleans Public Facility Management, Inc. was held on Wednesday, June 27, 2018 in

the Board Room at the Ernest N. Morial Convention Center – New Orleans, 900 Convention Center

Boulevard, New Orleans, Louisiana.

Chairman Rodrigue called the meeting to order at 2:15 p.m. and asked for a roll call. The results were as

follows:

Dottie Belletto Present

Ryan F. Berni Present

Robert Bray Present

Alfred L. Groos Present

Ronald Guidry Absent

Robert Hammond Absent

Eddie Jacobs Absent

Darren G. Mire Present

Steve Pettus Present

Bonita Robertson Present

Melvin J. Rodrigue Present

Michael Smith Absent

The total number present at roll call was eight (8).

Chairman Rodrigue asked the audience for public comment of agenda items. Public comments were made

by: Tracy Riley, Cory Girard, Edward Parker, Chad Lusco and Kim Ford.

Chairman Rodrigue requested a motion to approve the NOPFMI Board Meeting Minutes of May 23, 2018.

Vice Chairman Bray moved approval, seconded by Treasurer Pettus. Motion approved with no additions,

corrections, deletions or changes noted.

Director Berni moved approval to contract with Empire for Janitorial Ground Maintenance. Motion

seconded by Vice Chairman Bray. Motion approved.

Director Belletto moved approval to contract with H.P.D. Special Detail Fund II for Security Detail

Services. Motion seconded by Director Berni. Motion approved.

Director Berni moved approval to contract with Howard Industries, Inc. for Software and Hardware

Support. Motion seconded by Secretary Groos. Motion approved.

2

Treasurer Pettus moved approval to procure Electrical Supplies with Blackstar Diversified; Gehr Power

Systems and Nu-Lite. Motion seconded by Director Berni. Motion approved.

Mr. Tim Hemphill, Vice President of Sales & Marketing, gave the Sales & Marketing and

Communications reports.

With no other business to come before the Board, Chairman Rodrigue asked for a motion to adjourn. Vice

Director Berni moved adjournment, seconded by Treasurer Pettus. Motion approved and the meeting

adjourned at 2:44 p.m.

ATTEST: ____________________________________________

AL GROOS, SECRETARY

:dj

Operations

Goal:

Safety and Preparedness

Fire Safety Program Update

• Fire Prevention Training – Internal

• Facility Orientation for NOFD 2nd District – External

• Hurricane Preparedness Program Update

Fire Safety Program Updates

• Fire Prevention Training

• MCCNO Building Evacuation &

Shelter in Place Training for 380

Employees

Create and maintain a safe environment for our internal and external customers

Goal:

Safety and Preparedness

Goal:

Safety and Preparedness

Fire Safety Program Updates

• Facility Orientation for NOFD 2nd District

• All 3 Platoons, from 6 Fire Stations, totaling 90 NOFD Personnel

• Areas Toured Included: Fire Department Connection, Fire Pumps, Physical Plant, Security Office, Utility Disconnects etc.

Hurricane Preparedness Program Updates• Hurricane Prevention Training

– MCCNO Personal Preparedness & Special Operations Training for 380 Employees

• Participation in 2018 Mayor’s Hurricane Briefing

– 25 City, State, Federal and Private Agencies provided updates regarding their states of readiness

• Participation in 2018 Mayor’s Table Top Exercise

– Over 100 Participants representing City, State, Federal and Private Agencies

– Topics discussed included Concept of Operations, Response Priorities & Objectives & Transition to Recovery

• Participation in 2018 MCCNO Hurricane Task Force Site Meeting

– Attended by Leadership from LANG, MCCNO, NOEMS, NOFD, NOHSEP & NOPD

– Coordination of Incident Command Post and First Responder Staging Areas in support of the Citizen Assisted Evacuation Program

Concept Sketch

2

2

2

2

Lot

A

Lot

E

Lot

DLot

GLot

F

4 2

2

Goal:

Safety and Preparedness

Ernest N. Morial

New Orleans Exhibition

Hall Authority

Agenda

Regular Meeting of the Board of Commissioners

Ernest N. Morial New Orleans Exhibition Hall Authority

Wednesday, July 25, 2018, 2:00 PM

AGENDA

I. Call to Order by President – Roll Call

II. Public Comment

III. Approval of ENMNOEHA Board Meeting Minutes of June 27, 2018

IV. Finance & Audit Committee

A. Mid-Year Budget Revisions

B. Contracts:

Professional/Request for Proposal/Public Works:

1. Manning – Design Services for the I-Cove Modifications 2. Manning – Design Services for the Lobby Restroom Modifications

3. Entergy – Relocate Three (3) 115KV Transmission Structures

Ratifications:

1. GM Cable Contractors, Inc. – Furnish & Install 24 Strands of SM Fiber in Lot B

2. Georgia Expo Manufacturing Corp. – Drapes and Supplies

C. May 2018 Financial Reports

V. SEB Committee

A. Ernest N. Morial New Orleans Exhibition Hall Authority’s Policy Statement on Equity and Participation of DBE and Small and Emerging Business

VI. Ratification of 2018-2019 Performance Benchmarks/Goals for General Manager Sawaya VII. Other Business

VIII. Next Regular Scheduled Meeting: Wednesday, August 22, 2018 at 2:00 PM

IX. Motion to Adjourn

Ernest N. Morial

New Orleans Exhibition

Hall Authority

Minutes

1

MEETING MINUTES OF THE BOARD OF COMMISSIONERS

ERNEST N. MORIAL NEW ORLEANS EXHIBITION HALL AUTHORITY

A Meeting of Ernest N. Morial New Orleans Exhibition Hall Authority was held on Wednesday, June 27,

2018 in the Board Room at the Ernest N. Morial Convention Center – New Orleans, 900 Convention

Center Boulevard, New Orleans, Louisiana.

President Rodrigue called the meeting to order at 2:45 p.m. and asked for a roll call. The results were as

follows:

Dottie Belletto Present

Ryan F. Berni Present

Robert Bray Present

Alfred L. Groos Present

Ronald Guidry Absent

Robert Hammond Absent

Eddie Jacobs Absent

Darren G. Mire Present

Steve Pettus Present

Bonita Robertson Present

Melvin J. Rodrigue Present

Michael Smith Absent

The total number present at roll call was eight (8).

President Rodrigue asked the audience for public comment of agenda items. Public comments were made

by: Tracy Riley, Cory Girard, and Kim Ford.

President Rodrigue requested a motion to approve the ENMNOEHA Board Meeting Minutes of May 23,

2018. Commissioner Robertson moved approval, seconded by Treasurer Pettus. Motion approved with no

additions, corrections, deletions or changes noted.

Treasurer Pettus moved approval of the Board Resolution To Engage and Employ Special Counsel to

Advise and Represent the Authority In Connection With the Hotel Component of the Convention Center

District Development Project. Motion seconded by Secretary Groos. Motion approved.

Treasurer Pettus moved approval to contract with Heritage to Remove and Replace Atrium Walk-In

Coolers. Motion seconded by Secretary Groos. Motion approved.

2

Commissioner Berni moved approval to contract with Associated Office Systems to furnish & install

DIRTT Panels. Motion seconded by Commissioner Robertson. Motion approved.

Secretary Groos moved approval to contract with HVS for Land Use Plan and Hotel Occupancy Tax

Benchmarking Analysis. Motion seconded by Commissioner Berni. Motion approved.

Commissioner Berni moved approval to ratify the contract with Guidepost Solutions, LLC for Design

Services for Video Surveillance and Parking Controls, ARCCO Company Service, Inc. for Auto Light

Controllers and VSA, Inc. for Screen Kits and Cases. Motion seconded by Vice President Bray. Motion

approved.

Commissioner Berni moved approval of the Investment Policy. Motion seconded by Treasurer Pettus.

Motion approved.

Commissioner Belletto exit the meeting at 3:10 p.m.

Ms. Alita Caparotta, Vice President of Finance & Administration reviewed the April 2018 Financial

Reports. Vice President Bray moved approval, seconded by Treasurer Pettus. Motion approved.

With no other business to come before the Board, President Rodrigue asked for a motion to adjourn.

Treasurer Pettus moved adjournment, seconded by Commissioner Robertson. Motion approved and the

meeting adjourned at 3:14 p.m.

ATTEST: ____________________________________________

AL GROOS, SECRETARY

:dj

 

 

 

 

 

 

 

Finance & Audit

Committee 

Mid-Year Budget Revisions

# Events 129 128 135 104 130

# Attendees 815,374 798,988 704,233 755,778 995,140

Occupancy 59.8% 67.1% 61.2% 52.0% 57.0%

2015 2016 2017 2018 2018

Actuals Actuals Actuals Budget R Proj

REVENUE

Operating Revenues:

User Fees 21,553,011$ 25,154,870$ 26,607,168$ 23,897,569$ 25,931,233$

Food Services 6,146,661$ 6,317,207$ 7,992,572$ 6,730,387$ 7,140,412$

UPS Store 340,230$ 340,770$ 346,696$ 349,888$ 349,888$

Rental 185,392$ 159,380$ 161,676$ 168,608$ 168,608$

Other Misc. 8,046$ 5,053$ 5,358$ 7,500$ 34,131$

TOTAL OPERATING REVENUE 28,233,340$ 31,977,280$ 35,113,470$ 31,153,952$ 33,624,272$

EXPENSES

Operating Expenses:

Labor 18,892,830$ 19,972,395$ 21,572,902$ 21,549,741$ 23,278,546$

PTEB 4,942,737$ 4,797,327$ 5,184,807$ 5,466,495$ 5,678,950$

General & Administrative 3,743,095$ 4,023,506$ 3,911,918$ 4,788,161$ 4,938,762$

* Sales & Marketing 2,361,905$ 1,112,677$ 2,674,163$ 2,266,482$ 2,470,420$

Building Maint & Equipment 5,082,266$ 5,243,954$ 5,862,474$ 6,407,741$ 6,504,724$

Utilities 4,579,209$ 4,964,966$ 5,539,728$ 5,250,254$ 5,370,598$

Event & Tradeshow Services 2,804,003$ 3,238,472$ 3,297,769$ 3,277,975$ 3,850,601$

TOTAL OPERATING EXPENSES 42,406,045$ 43,353,297$ 48,043,761$ 49,006,849$ 52,092,601$

INCOME/(LOSS) FROM OPERATIONS (14,172,705)$ (11,376,017)$ (12,930,291)$ (17,852,897)$ (18,468,329)$

Non-Capital one time projects 1,636,345$ 989,073$ 1,759,162$ 3,751,025$ 3,751,025$

Depreciation 16,356,523$ 16,288,186$ 16,571,938$ 16,483,805$ 16,483,805$

Income/(Loss) before non operating revenues

(expenses) and capital contributions (32,165,573)$ (28,653,276)$ (31,261,391)$ (38,087,727)$ (38,703,159)$ **

NON-OPERATING REVNEUE/(EXPENSE)

Tax Revenues 59,760,738$ 59,793,709$ 62,291,706$ 62,725,000$ 66,186,000$

Investment Income/(Expense) 1,323,519$ 1,850,277$ 2,232,214$ 1,734,326$ 3,236,735$

Interest Expense (3,957,459)$ (3,690,412)$ (3,403,612)$ (3,989,698)$ (3,033,413)$

* Distribution to Government Agencies (1,000,000)$ (3,073,781)$ (6,412,660)$ (35,278,000)$ (35,278,000)$ **

Insurance Proceeds 92,605$ -$ -$ -$ -$

Refund of hotel occupancy taxes -$ -$ (1,533,704)$ -$ -$

TOTAL NON-OPERATING REVENUE/(EXP) 56,219,403$ 54,879,793$ 53,173,944$ 25,191,628$ 31,111,322$

CHANGE IN NET POSITION 24,053,830$ 26,226,517$ 21,912,553$ (12,896,099)$ (7,591,837)$

Loss on Disposal of Assets (excluded from above) 408,747$ 272,328$ 184,241$ TBD TBD

* Figures re-stated based on current methodology for reporting and may not match prior presentations

** Totals updated from originally presented Board documents

ERNEST N. MORIALNEW ORLEANS EXHIBITION HALL AUTHORITY

2018 Revised Projections

2015 2016 2017 2018 2018Actuals Actuals Actuals Budget R Proj

Tax Revenues3% Hotel/Motel Tax less fees 33,127,504$ 33,251,603$ 33,965,417$ 35,000,000$ 37,070,600$ Hotel Occ/F&B Tax less fees 19,266,864$ 19,436,492$ 20,292,105$ 20,600,000$ 21,962,670$ Serv Cont & Tour Tax less fees 2,287,161$ 2,825,739$ 2,819,041$ 2,750,000$ 2,777,730$ State Appropriation 2,000,000$ 1,830,000$ 2,000,000$ 2,000,000$ 2,000,000$ RTA Tax 2,630,000$ 2,449,875$ 3,215,143$ 2,375,000$ 2,375,000$ Tax Revenues 59,311,529$ 59,793,709$ 62,291,706$ 62,725,000$ 66,186,000$

ERNEST N. MORIALNEW ORLEANS EXHIBITION HALL AUTHORITY

2018 Revised Tax Projections Detail

NEW ORLEANS ERNEST N. MORIAL CONVENTION CENTER CONTRACT AUTHORIZATION

1 Contract Number & Type of Contract: C-1422 Professional Service

2 Contract Title: Provide Design Services for the I-Cove Modifications

3 Contractor Information: Manning Architects/Eskew+Dumez+Ripple A Joint Venture

365 Canal Street Suite 3150

New Orleans, LA 70130

4 Contract Term: The contract for this project will expire upon completion of the work and will be monitored by staff.

5 Contract Amount: $67,000.00

Plus reimbursable expenses

6 Budget:

The budget for this project is from the approved 2018 Capital Project Budget.

NEW ORLEANS ERNEST N. MORIAL CONVENTION CENTER CONTRACT AUTHORIZATION

1 Contract Number & Type of Contract: C-1423 Professional Service

2 Contract Title: Provide Design Services for the Lobby Restroom Modifications

3 Contractor Information: Manning Architects/Eskew+Dumez+Ripple A Joint Venture

365 Canal Street Suite 3150

New Orleans, LA 70130

4 Contract Term: The contract for this project will expire upon completion of the work and will be monitored by staff.

5 Contract Amount: $989,000.00

plus reimbursable expenses

6 Budget:

The budget for this project is from the 2018 Capital Project Budget.

NEW ORLEANS ERNEST N. MORIAL CONVENTION CENTER CONTRACT AUTHORIZATION

1 Contract Number & Type of Contract: C-1438 Service

2 Contract Title: Relocate Three (3) 115KV Transmission Structures

3 Contractor Information: Entergy New Orleans, Inc.

639 Loyola Avenue New Orleans, LA 70113

4 Contract Term: The contract for this project will expire upon completion of the work and will be monitored by staff.

5 Contract Amount: Estimated Contract Amount

$1,406,858.00

6 Budget:

The total budget for this project is $65,000,000.00 and was approved as part of the Linear Park budget.

NEW ORLEANS ERNEST N. MORIAL CONVENTION CENTER CONTRACT REPORTING

Capital Contracts June 2018

As per Board Resolution #2013.2 The Executive Vice President/President/General Manager executed the following Contracts which were included in the board approved 2018 annual capital budget and are under $50,000 in total.

CONTRACT DETAILS:

CONTRACT NUMBER & VENDOR NAME

CONTRACT DESCRIPTION

CONTRACT AMOUNT

BUDGET AMOUNT & PROJECT CODE

PO10003451 GM Cable Contractors, Inc. 9232 Joor Road Baton Rouge, LA 70818

Furnish & Install 24 Strands of SM Fiber in Lot B Terminal in

T-Base $24,240.56

$190,000.00 (7078)

PO10003489 Georgia Expo Manufacturing Corp 3355 Martin Farm Road Suwanee, GA 30024

Procurement of Drapes and Supplies

$28,220.28 $45,000.00

(7100)

May 2018 Financial Reports

ASSETS AND DEFERRED OUTFLOWS OF RESOURCES 2018 20171 Current assets:2 Cash 126,792,052$ 112,876,232$ 3 Investments 21,462,822 25,269,906 4 Accounts receivable, net 2,977,558 2,294,144 5 Interest receivable 204,806 189,802 6 Prepaid expenses and other assets 1,864,029 1,659,640 7 Total current assets 153,301,267 142,289,724

8 Designated and restricted assets:9 Cash, designated by Board for future specified use 46,300,000 35,600,000 10 Cash, restricted primarily for construction and debt service 5,419,952 5,429,647 11 Cash, restricted to satisfy Cooperative Endeavor Agreements 43,785,601 51,912,488 12 Investments, designated by Board for future specified use 40,995,405 40,995,405 13 Investments, restricted primarily for debt services 22,696,160 22,092,873 14 Interest Receivable 137,540 136,557 15 Taxes receivable 13,567,692 11,286,505 16 Total designated and restricted assets 172,902,350 167,453,475

17 Property, buildings and equipment, net 343,842,696 353,705,005

18 Total assets 670,046,313$ 663,448,204$ 19 Deferred outflows of resources20 Unamortized loss on bond refinancing 1,877,867 2,140,298 21 Total assets and deferred outflows of resources 671,924,180$ 665,588,503$

22 LIABILITIES AND NET POSITION23 Current liabilities (payable from current assets):24 Accounts payable 2,346,830$ 1,879,051$ 25 Other payables 1,130,855 1,194,382 26 Unearned revenue 4,219,849 4,134,721 27 Compensated absences, current portion 515,977 491,734 28 Total unrestricted current liabilities 8,213,511 7,699,888

29 Current liabilities (payable from restricted assets):30 Other Liabilities 2,355,311 177,227 31 Current portion of accrued bond interest 1,559,553 1,674,678 32 Current portion of bonds payable and other long term liabilities 8,495,000 8,455,862

33 Total restricted current liabilities 12,409,864 10,307,767

34 Total current liabilities 20,623,375 18,007,655

35 Long-term liabilities:36 Compensated absences, less current portion 357,958 311,921 37 Bonds payable and other long term liabilities, less current portion, net 89,501,419 100,437,098 38 Unearned revenue, less current portion 1,474,692 1,406,911

39 Total long-term liabilities 91,334,069 102,155,930

40 Total liabilities 111,957,444 120,163,585

41 Net position:42 Invested in capital assets, net of related debt 247,724,144 246,952,343 43 Restricted primarily for debt service, construction, and CEA 81,692,081 89,006,165 44 Unrestricted 230,550,511 209,466,410

45 Total net position 559,966,736 545,424,918

46 Total liabilities and net position 671,924,180$ 665,588,503$

ERNEST N. MORIALNEW ORLEANS EXHIBITION HALL AUTHORITY

STATEMENT OF NET POSITIONMAY, 2018 AND 2017

1 of 3

Prior Percent Budget Variance PercentMonth to Date Year to Date Year to Date Variance Variance Year to Date To Actual YTD Variance

1 Operating revenues:2 2,199,947$ 12,152,667$ 11,043,361$ 1,109,306$ 10.04% 10,975,172$ 1,177,495$ 10.73%3 829,130 3,455,635 3,211,757 243,878 7.59% 3,054,608 401,027 13.13%4 Other: 5 27,758 149,480 151,013 (1,533) -1.02% 147,268 2,212 1.50%6 2,586 60,833 62,241 (1,408) -2.26% 71,360 (10,527) -14.75%7 16,835 28,506 803 27,703 3450.11% 1,875 26,631 1420.32%

8 Total operating revenues 3,076,256 15,847,121 14,469,175 1,377,946 9.52% 14,250,283 1,596,838 11.21%

9 Operating expenses:10 674,737 3,042,010 2,715,581.06 (326,429) -12.02% 3,175,422 133,412 4.20%11 250,101 1,014,751 1,087,347.54 72,597 6.68% 1,223,412 208,661 17.06%12 CVB 19,514 155,790 246,821.48 91,031 36.88% 155,953 163 0.10%13 153,227 750,119 640,714.06 (109,405) -17.08% 707,500 (42,619) -6.02%14 58,507 295,724 264,197.17 (31,527) -11.93% 291,364 (4,360) -1.50%15 1,940,498 9,798,701 9,451,092.03 (347,608) -3.68% 9,731,124 (67,578) -0.69%16 398,434 2,299,939 2,158,852.06 (141,087) -6.54% 2,145,832 (154,107) -7.18%17 259,008 1,104,925 971,649.07 (133,276) -13.72% 937,879 (167,046) -17.81%18 327,285 1,563,698 1,279,382.00 (284,316) -22.22% 1,618,783 55,085 3.40%19 32,709 145,511 135,758.68 (9,752) -7.18% 136,809 (8,702) -6.36%

20 Total operating expenses 4,114,020 20,171,168 18,951,395.15 (1,219,772) -6.44% 20,124,078 (47,091) -0.23%21 Income (Loss) from operations before depreciation

and non-capital, one-time projects (1,037,764) (4,324,047) (4,482,220) 158,173 3.53% (5,873,795) 1,549,748 26.38%

22 Non-capital, one-time projects 123,228 212,378 9,401 (202,977) -2159.11% 175,000 (37,378) -21.36%23 (Gain)/Loss on disposal of assets - - (557) (557) 100.00% - - 0.00%24 Depreciation 1,381,300 6,901,310 6,927,496 26,186 0.38% 6,868,250 (33,060) -0.48%

25 Income (Loss) before nonoperatingrevenues (expenses) and capital contributions (2,542,292) (11,437,735) (11,418,560) (19,175) -0.17% (12,917,045) 1,479,310 11.45%

26 Nonoperating revenues (expenses):27 Tax revenues 5,665,940 28,931,091 27,526,945 1,404,146 5.10% 28,005,547 925,544 3.30%28 Investment income/(expenses) 435,110 1,342,353 911,034 431,319 47.34% 724,720 617,633 85.22%29 Interest expense (267,293) (1,336,465) (1,464,381) 127,916 8.74% (1,732,830) 396,365 22.87%30 Distribution to government agencies (264,059) (10,660,608) - (10,660,608) 0.00% (8,632,000) (2,028,608) 0.00%

31 Refund of hotel occupancy taxes - - (1,533,704) 1,533,704 100.00% - - 0.00%32 Total nonoperating revenues (expenses) 5,569,698 18,276,371 25,439,894 (7,163,523) -28.16% 18,365,437 (89,066) -0.48%

33 Increase (Decrease) in net position 3,027,406$ 6,838,636$ 14,021,334$ (7,182,697)$ -51.23% 5,448,392$ 1,390,245$ 25.52%34 Net position:35 Balance, beginning of year 553,128,100 531,403,584 - 553,128,100 - 36 Balance, end of year 559,966,736$ 545,424,918$ (7,182,697)$ 558,576,492$ 1,390,244$

General and administrative

Production services

Rental

Food servicesBuilding operations

Technology services

Public safety

The UPS Store

Event services

Sales and marketing

Miscellaneous

ERNEST N. MORIALNEW ORLEANS EXHIBITION HALL AUTHORITY

STATEMENT OF REVENUES, EXPENSES AND CHANGES IN NET POSITIONFOR THE PERIOD ENDING MAY 2018 AND MAY 2017

The UPS Store

User feesFood Service Commissions and Fees

2018 ORIGINAL BUDGET2017 - AUDITED2018 ACTUALS

2 of 3

2018 20171 Cash flows from operating activities:2 Cash received from user fees 13,472,995$ 11,397,726$ 3 Cash received from other sources 4,411,827 2,908,401 4 Cash paid to employees and for related expenses (11,681,614) (11,229,336) 5 Cash paid to suppliers (11,375,529) (11,229,114)

6 Net cash used in operating activities (5,172,321) (8,152,323)

7 Cash flows from noncapital financing activities:8 Cash received from taxes 30,267,219 27,942,009 9 Distributions to Government Agencies (9,384,665) -

10 Net cash provided by noncapital financing activities 20,882,554 27,942,009

11 Cash flows from capital and related financing activities:12 Acquisition and construction of capital assets (5,749,630) (10,823,610) 13 Repayment of bonds and long term liabilities - (25,878) 14 Interest paid (2,079,400) (2,232,900)

15 Net cash used in capital and related financing activities (7,829,030) (13,082,388)

16 Cash flows from investing activities:17 Purchases of investment securities (41,739,634) (39,750,808) 18 Investment sales and maturities 43,312,929 61,513,147 19 Interest payments received 1,378,972 850,595

20 Net cash provided by (used in) investing activities 2,952,267 22,612,934

21 Net increase (decrease) in cash and cash equivalents 10,833,470 29,320,232 22 Cash and cash equivalents at beginning of year 211,464,135 176,498,134

23 Cash and cash equivalents at month end 222,297,605$ 205,818,366$

24 Reconciliation of loss from operations to netcash used in operating activities:

25 Loss from operations (11,437,735)$ (11,418,560)$ 26 Adjustments to reconcile loss from operations to net

cash used in operating activities:27 Depreciation 6,901,310 6,927,496 28 Increase and decrease in:29 Accounts receivable 786,639 (455,217) 30 Prepaid and other assets (1,313,028) (643,520) 31 Accounts payable and accrued expenses (1,360,569) (2,854,134) 32 Unearned revenue 1,251,062 292,169

33 Net cash used in operating activities (5,172,321)$ (8,152,323)$

34 Reconciliation to Statements of Net Position

35 Cash - current assets 126,792,052$ 112,876,232$ 36 Cash, designated by Board for future specified use 46,300,000 35,600,000 37 Cash, restricted primarily for construction and debt service 5,419,952 5,429,647 38 Cash, restricted to satisfy Cooperative Endeavor Agreements 43,785,601 51,912,488

39 Total cash 222,297,605$ 205,818,366$

ERNEST N. MORIAL

FOR THE PERIODS ENDING MAY 2018 AND MAY 2017STATEMENT OF CASH FLOWS

NEW ORLEANS EXHIBITION HALL AUTHORITY

3 of 3

$-

$5,000,000.00

$10,000,000.00

$15,000,000.00

$20,000,000.00

$25,000,000.00

$30,000,000.00

$35,000,000.00

YTD 2014 YTD 2015 YTD 2016 YTD 2017 YTD 2018

May Tax Collections

Hotel Hotel Occ/F&B Svc Cont/Tour RTA State EconAnnual Budget = $62,725,000

May Hotel Statistics

2017 YTD Rev/Par = $153.73; 2018 YTD Rev/Par = $158.19

$175

$180

$185

$190

$195

$200

Monthly ADR

2017 2018

$175

$180

$185

$190

$195

$200

Year to Date ADR

2017 2018

70.0%

72.0%

74.0%

76.0%

78.0%

80.0%

82.0%

84.0%

86.0%

88.0%

90.0%

Monthly Hotel Occ %

2017 2018

70.0%

72.0%

74.0%

76.0%

78.0%

80.0%

82.0%

84.0%

86.0%

88.0%

90.0%

Year to Date Hotel Occ %

2017 2018

SEB Committee

DRAFTThe Ernest N. Morial New Orleans Exhibition Hall Authority (the "Authority"), the New Orleans Ernest N. Morial Convention Center’s ("MCCNO") governing board, is committed to ensuring equity in economic opportunities available at the Convention Center. Through its policies, procedures and Business Opportunity Program (the "BOP"), the Authority seeks to promote contractor, subcontractor, vendor and supplier opportunities for Hudson-certified firms and Disadvantaged Business Enterprises (collectively, "eligible business enterprises" or "EBEs"). To that end, the Authority will employ all lawful programs at its disposal in any and all contracting opportunities at MCCNO.

MCCNO's Program is designed to strengthen our organization and our communities by proactively seeking EBEs who represent the communities that MCCNO serves. By providing equitable opportunities for small and diverse suppliers, MCCNO derives multiple benefits. The BOP is integrated as part of our management team's daily business activities. Through the BOP, our sourcing teams and business units are able to build relationships with EBEs and facilitate access to bid and contract opportunities through a combination of:

MCCNO's STATEMENT ON EQUITY AND PARTICIPATION OF DBE AND SMALL & EMERGING BUSINESS

Not only do we contribute to the economic vitality of the communities that we serve, but our organization also benefits directly from a broader selection of competitively priced goods and services.

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Advocacy - Internally, the management team works to ensure that diverse suppliers gain visibility and have inclusion in sourcing, contracting, and procurement policies made by the Authority.Outreach - Our management team actively seeks to establish relationships with EBEs through business networking, business fairs, matchmaker sessions, electronic and print communications, and participation in supplier events nationwide. Certification Support - We encourage and direct suppliers to gain Hudson certification from the Louisiana Economic Development (LED) and/or DBE certification through the City of New Orleans/Airport/Harrah's/Sewerage & Water Board's SLDBE certification program, the State's LAUCP program, or other independent local and national agencies.Mentor/Protege - The management team advises and guides diverse suppliers to prepare and position their businesses for maximum access to bid and contract opportunities with MCCNO by building mentor-protege relationships with primes. Referrals - The management team actively communicates with EBEs by referring relevant procurement opportunities and other potential business leads to EBEs.

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pronounced: ek-wi-tee, noun. Definition: Just and fair inclusion.

Equity creates a path from hope to change.{equity.}

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