Budget Presentation Meeting of the Board of Directors March 4, 2014.
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Transcript of Budget Presentation Meeting of the Board of Directors March 4, 2014.
Budget Presentation
Meeting of the Board of DirectorsMarch 4, 2014
Words of Vision
Big Themes
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
New Director Hires
Finance/OpsStrategic Initiatives
Community Impact
Need for Internal
Transformation
Integrate work across the
Org’n
Staff Talent & Skills
Inventory conducted
4 Facilitated Sessions
Internal Vision
Internal Priorities10 KRA’s
HR Restructure
Efficiency4 Functional
AreasPriorities
2 Facilitated
Staff Sessions
ShareSeek Input
Revise
Internal Transformation
Financial Reporting Work: Departmental, Patterning, Cash Flow, Budget
We take collective action using our knowledge and resources to enable measureable change in
the communities we serve.
New Internal Vision
Become an organization that will raise $3 million annually through a diversified revenue stream
and will strategically invest our donors’ dollars in our three priority
areas.
Priorities for Action
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
Key Result Areas - Budget
Resource Development
$3 Millio
n
Aggressive Goal
Setting
Diversify Revenue
MG/IG
Custom Workplace Campaigns & Leaders
Donor Acquisition
& Retention
New Busines
s Dev
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
Campaign 2014
Primary objective to support increased fundraising and community investment
Proposed headcount reduction from 1915.7 Collapsed functional areas from 54
Resource Development, Community Impact, Finance & Operations, and Corporate Services
Re-envisioning of job roles across the org’n
HR Restructure
Draft Org Chart
Wages & Salaries
2013-14FTE 19
2014-15FTE 15.7
Variance
Wages & Salaries $929,471 $830,009 ($99,462)
Benefits $110,532 $102,519 ($8,012)
Reserve $103,920
$1,040,003 $1,036,448 ($107,475)
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
Budget 13-14 YE Projection Budget 14-15
$5,335,7
50
$4,819,347
$5,163,8
80
$4,557,1
04
$4,308,1
38
$4,500,4
64
$77,846
-$150,398
$3,686
Revenue Expenditure Net
Budget Comparisons
Planned Expenditures
Fundraising; 12.78%
Agency Al-lotments; 20.37%
Donor's Choice; 2.40%
Community Programs;
16.70%
EWTE; 0.17%
LEAP; 29.65%
HPS; 17.91%
Budget 13-14 YE Projection Budget 14-15
$1,885,5
18
$1,803,9
32
$2,117,0
00
$484,482
$138,946
$160,000
$2,295,000
$1,909,435
$2,192,200
$700,800
$661,607
$659,730
Donations & SE UW Transferred FundsNet Campaign Revenue Expenditures
Campaign Budget Comparisons
Capital Budget
2014-15 2015-16 2016-17
BFWD $84,219 $111,399 $96,570
Acquisitions $58,700* $23,325** -
Amortization $31,520 $38,154 $41,632
Balance $111,399 $96,570 $54,937
*Software: $50,600 Andar, $1,100 Prospect, $7,000 Call Centre**Software: $23,325 Andar
LEAP Program Payments
Actual2012-2013
Projection 2013-14
Budget 2014-15
LEAP $1,908,012 $1,495,120 $1,530,000
Administrative Fees $385,275 $263,845 $270,000
Wages & Benefits $127,243 $127,243 $63,157
Amortization $2,387 $2,387 $3,087
Telephone Costs $6,015 $6,015 $7,000
Net Contribution $207,098 $80,027 $159,959
*Software: $50,600 Andar, $1,100 Prospect, $7,000 Call Centre**Software: $23,325 Andar
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