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Fiscal Operational Plan and Funding Proposal For Fiscal 2011 June 23, 2010

Fiscal Operational Plan and Funding Proposal For Fiscal 2011 June 23, 2010. Funding Summary Fiscal 2011 – Proposed Fiscal 2009 Fiscal 2010 Fiscal 2010 Fiscal 2011 Actual Plan Projected Plan

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Fiscal Operational Plan and Funding Proposal For Fiscal 2011 June 23, 2010

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  1. Fiscal Operational Plan and Funding Proposal For Fiscal 2011 June 23, 2010

  2. Funding Summary Fiscal 2011 – Proposed Fiscal 2009 Fiscal 2010 Fiscal 2010 Fiscal2011 ActualPlanProjectedPlan Total Operational Spending (including support to UWW; excluding depreciation expense) $5,471,223 $5,223,915 $4,950,120 $4,888,173 Less: Other Revenue, Receipts and Public Support 1,648,028 1,414,694 1,438,923 1,362,211 Spending Policy Funding 625,000 400,000 400,000 400,000 ______________________________________________________________ Operational Funding, net $3,198,195 $3,409,221 $3,111,197 $3,125,962 ______________________________________________________________ BOD ‘placeholder’ $3,100,000 Fiscal ‘11 Operational Plan and Funding Proposal

  3. Operational Spending Comparative Fiscal 2009 Fiscal 2010 Fiscal 2010 Fiscal2011 ActualPlanProjectedPlan Total Operating Spending (including support to UWW) $5,471,223 $5,223,915 $4,950,120 $4,888,173 % Change vs. Last Year -- -4.5% -9.5% -1.3% % Change vs. Plan -- -- -5.2% -- Fiscal ‘11 Operational Plan and Funding Proposal

  4. Fiscal ‘11 Operational Plan and Funding Proposal

  5. Statement of Activities Fiscal 2011 – Proposed for internal use only Fiscal 2009 Fiscal 2010 Fiscal2011 ActualProjectedPlan Total Support and Revenue $15,254,589 $14,068,224 $13,434,511 Total Community Investment and Support Services 15,126,40613,902,96713,835,674 Operating Surplus/(Deficit) 128,183 165,256 (401,164) Non-operating Revenues and Expenditures, net (4,948,020)2,021,380 0 Change in Net Assets (4,819,837) 2,186,636 (401,164) Overhead 14.46% 14.10% 13.86% Fiscal ‘11 Operational Plan and Funding Proposal

  6. Fiscal 2011 – Proposed Spending Policy Fiscal 2009Fiscal 2010Fiscal2011 5 Year Market Value Average $12,490,314 $12,305,868 $12,435,820 5% of Market Value Average 625,000 615,000 622,000 Amount Recommended 625,000 400,000 400,000 Amount Authorized 625,000 400,000 -- Amount Withdrawn 162,500 200,000 -- Fiscal ‘11 Operational Plan and Funding Proposal

  7. Fiscal 2011 Capital Expenditure History and Proposal Fiscal 2008 Fiscal 2009 Fiscal 2010 Fiscal2011 ActualActualProjectionProposed Building: Exterior 238,524 279,847 0 0 Interior 0 19,016 78,184 40,800 Furniture/Fixtures 31,978 3,704 3,040 0 Technology: Hardware 60,311 24,776 112,348 5,250 Software 12,983 69,278 38,260 0 Contingency 0 0 0 30,000 ___________________________________________________________________ Total 343,796 396,620 231,832 76,050 ___________________________________________________________________ Fiscal ‘11 Operational Plan and Funding Proposal

  8. Approval of Administration Fees On Donor-Directed Gifts: 2008 2007 2006 3-Year Form 990Form 990Form 990Average Fundraising Costs: Total Fundraising Costs Less, Public Sector Campaign Fundraising Costs, net $2,603,746 $2,586,695 $2,522,402 $2,570,948 Total Direct Public Support 27,163,890 26,454,597 25,371,266 26,329,918 9.59% 9.78% 9.94% 9.76% Processing/Management and General: Total M&G Costs $1,258,710 $1,059,289 $942,412 $1,086,804 Total Revenue 27,061,276 31,949,636 29,289,472 29,433,461 4.65% 3.32% 3.22% 3.69% Total Allowed by United Way Worldwide 13.46% Amount Deducted on 2010 Designated Gifts 10%; capped at $100 Fiscal ‘11 Operational Plan and Funding Proposal

  9. Recommendation for Motion Motion: To approve Fiscal 2011 Operational Plan and Funding Proposal, totaling a net $3,125,962, and inclusive of: • Spending Policy withdrawal from unrestricted investments of $400,000; • Capital Expenditure plan of $76,050; and • Administrative fees on donor-directed gifts of 10%, capped at $100, per designated gift. Fiscal ‘11 Operational Plan and Funding Proposal

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