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Fiscal Operational Plan and Spending Proposal For Fiscal 2010 June 18, 2009

Fiscal Operational Plan and Spending Proposal For Fiscal 2010 June 18, 2009. Fiscal 2010 Spending Proposal. The ‘excess’ funding of $300,000 (difference between actual proposal and April ‘placeholder’) would come from existing, unrestricted cash reserves.

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Fiscal Operational Plan and Spending Proposal For Fiscal 2010 June 18, 2009

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  1. Fiscal Operational Plan and Spending Proposal For Fiscal 2010 June 18, 2009

  2. Fiscal '10 Operational Plan and Spending Proposal

  3. Fiscal '10 Operational Plan and Spending Proposal

  4. Fiscal 2010 Spending Proposal • The ‘excess’ funding of $300,000 (difference between actual proposal and April ‘placeholder’) would come from existing, unrestricted cash reserves. • It is proposed that we draw from our unrestricted, long-term investment earnings a Spending Policy amount of $400,000 (65% of the maximum allowed under the present formula; equivalent to expected long-term earnings in Fiscal 2010). • While United Way of America’s membership requirements would allow us to deduct up to 13.1% from donor-directed gifts, designated gifts through the 2009 United Way Community Campaign will be subject to a 10% fee capped at $100 per designated gift. Fiscal '10 Operational Plan and Spending Proposal

  5. Fiscal '10 Operational Plan and Spending Proposal

  6. Fiscal '10 Operational Plan and Spending Proposal

  7. Fiscal '10 Operational Plan and Spending Proposal

  8. Capital Plan – Fiscal 2010 • Funding for such investments in our past has come from organizational reserves. • Due to expected funding challenges for Fiscal 2010, Management will bring any specific requests for capital acquisitions (i.e. technological resources, interior and/or exterior building improvements) to the Finance Committee for approval on a case-by-case basis. Fiscal '10 Operational Plan and Spending Proposal

  9. Recommendation for Motion • Motion: To approve Fiscal 2010 Operational Plan and Spending Proposal, totaling a net $3,409,000, and inclusive of: • Spending Policy withdrawal from unrestricted investments of $400,000; and • Administrative fees on donor-directed gifts of 10%, capped at $100. Fiscal '10 Operational Plan and Spending Proposal

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