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Budget Presentation

Budget Presentation. Meeting of the Board of Directors March 4, 2014. Words of Vision. Big Themes. Quickly grow to a $3M Campaign Greater investment into our community Strengthen our role in social research

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Budget Presentation

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  1. Budget Presentation Meeting of the Boardof Directors March 4, 2014

  2. Words of Vision

  3. BigThemes • Quickly grow to a $3M Campaign • Greater investment into our community • Strengthen our role in social research • Become the agency of choice through a reputation as charitable driver of social change

  4. Internal Transformation Financial Reporting Work: Departmental, Patterning, Cash Flow, Budget

  5. New Internal Vision We take collective action using our knowledgeand resources to enable measureable change in the communities we serve.

  6. Priorities for Action Become an organization that will raise $3 million annually through a diversified revenue streamand will strategically invest our donors’ dollars in our three priority areas.

  7. Key Result Areas - Budget Diversify our revenue development strategies Expand opportunities for donor engagement Acquire and deploy technology Increase and diversify our community investments Complete staff restructure to support new vision Review the role of volunteers

  8. ResourceDevelopment

  9. Campaign 2014 • Stretch goal of $2,117,000 • Exclusive of United Way fund transfers • Enhanced focus on leadership giving • 4 Loaned representatives • P-T Labour Specialist • CEO key account supervision • CI Director engagement

  10. HR Restructure • Primary objective to support increased fundraising and community investment • Proposed headcount reduction from 1915.7 • Collapsed functional areas from 54 • Resource Development, Community Impact, Finance & Operations, and Corporate Services • Re-envisioning of job roles across the org’n

  11. Draft Org Chart

  12. Wages & Salaries

  13. Budget Overview • Support Internal Transformation • Set up for Success • $2.117M Campaign • $5.163M Revenue • $1.051M Agency Pymts • Positive Net Gain of $3.6K • Projected reserve of $100K • Retained until yr end • Provides investment capacity or buffer for underachievement

  14. Budget Comparisons

  15. Planned Expenditures

  16. Campaign Budget Comparisons

  17. Capital Budget *Software: $50,600 Andar, $1,100 Prospect, $7,000 Call Centre **Software: $23,325 Andar

  18. LEAP Program Payments *Software: $50,600 Andar, $1,100 Prospect, $7,000 Call Centre **Software: $23,325 Andar

  19. Transformation

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