2011 SOPHE Board of Trustees Midyear Meeting
Treasurer’s Report
Mary Cheryl B. Nacionales, MPH, MBA, CHES
May 1, 2011Hotel Albuquerque
AGENDA
SOPHE Finance Committee Purpose:
To develop and oversee the SOPHE annual operating budget and investments.
Investments Review & Strategies
2011 Budget Amendments
Policy Fellowship Proposal
Resource Development
2011 Audit Outline
INVESTMENT HIGHLIGHTSAs of March 2011
Portfolio value $1.41M
Long-term performance average 11%◦ Beat benchmarks◦ Consider a performance threshold policy, especially for
21st Century Campaign
First Quarter 2011, long-term performance 3.0%
Rebalanced 21st Century Campaign since U.S. Large Cap Stocks are bullish (going up)
Will rebalance long-term reserve & Vivian Drenckhahn Endowment
Continue to move in POSITIVE territory
INVESTMENT PORTFOLIOIndividual Account Trend, 12/04 – 03/11
Nov-00
Nov-01
Nov-02
Nov-03
Mar-04
Nov-04
Feb-05
Nov-05
Dec-06
Mar-07
$0
$100,000
$200,000
$300,000
$400,000
$500,000
$600,000
$700,000
$5,421
$189,728
$555,092
$68,943
$585,836
Sara Mazelis
Short Term Fund (Emergency Re-serves)
Long Term Reserve
Vivian Drenckhahn LT Endowment
Campaign for 21st Century
INVESTMENT PORTFOLIOTarget Allocations: 21st Century Fund, Long Term Reserve & Vivian Drenckhahn
US Large Cap Stocks;
25%
International Stocks; 15%
US Small Cap Stocks; 10%
Intermediate Term Bonds;
30%
Global Bonds; 5%
High Yield Bonds; 15%
2011 BUDGET ADJUSTMENTS Highlights
Propose $55.3K increase in revenue
Propose over $54.5K decrease in expense
Reduce deficit by 34%
2010 Final (unaudited) Net Profit of $1.07M
Increased CONFIDENCE in budget
2011 BUDGET ADJUSTMENTS Journal Revenue
YEAR HEALTH EDUCATION &
BEHAVIORROYALTIES
HEALTH PROMOTION
PRACTICEROYALTIES
STIPENDS TOTAL REVENUE
2010 $264,001 $51,627 $120,263 $577,191
2009 $221,657 $31,670 $96,916 $417,157
2008 $201,412 $25,242 $94,244 $320,898
2007 $216,079 $15,926 $91,868 $323,873
2006 $172,110 $14,692 -- $274,002
2005 $79,945 $16,124 -- $126,069
2000 $59,422 $736 -- $75,158
1996 $38,058 -- -- $38,058
Policy Fellowship ProposalMotion #1
Approve the concept of establishing a SOPHE Public Policy Fellowship with endowed funding from the estate of
SOPHE Past President and Distinguished Fellow Dr. Florence Fiori.
Policy Fellowship ProposalMotion #2
Approve a re-allocation of $50,000 from SOPHE’s 21st Century Fund to the
restricted account established by the Fiori endowment.
Resource DevelopmentObjectivesDefining successTimelineResource development goalsResource development teamNext steps
What does RD success look like? (according to the Executive Committee)
Positive budget balanceEach board member
contributesSOPHE name
recognitionDiversified and fiscally
soundManaging our resources
to the best of our ability
Dynamic long and short term RD plan that advances strategic plan
Budget invests in health education in unique ways
Distinction between restricted and unrestricted funds
Resource DevelopmentTimeline
Timeframe Milestones
Q1 (January – March, 2011)
•Exec Committee develop RD goals•Develop goals and objectives for consultant•Confirm RD consultant budget
Q2 (April – June) •Recruit consultant•Identify resource development committee chair•Convene resource development committee
Q3 (July – September) •Consultant on board•Resource development planning activities begin•Resource development introductory training
Q4 (October – December)
•Finalize resource development plan
Q5 (January – March, 2012)
•Implement plan•Develop collateral•Develop dashboards and monitoring tools
Resource DevelopmentGoals
Year Goals
2011 •Hire consultant•Webinar trainings for Board of Trustee•2 new grants
2012 •Diversify and expand existing SOPHE funding streams, specifically unrestricted funds
2013 •Expand SOPHE’s resources by 10%
2014 •Increase SOPHE membership by 15%
Resource DevelopmentTeam
Resource Development Co-Chairs◦Past-President (Diane Allensworth) &
President-Elect (Bob Gold)
Committee Membership◦Treasurer◦CEO◦President-Elect (will recruit 2 members)◦Past-President (will recruit 2 members)◦External Advisors
2010 AUDIT PLAN OF ACTIONMONTH ACTIVITIES
MAY • Call for bids to conduct Audit• Audit committee review bids• Mary Nacionales• Crystal Motlasz• Bob Strack• Elaine Auld (ex-officio)
JUNE • Auditors selected• Entrance meeting
JUNE - AUGUST • Audit occurs
AUGUST – SEPTEMBER
•Auditors present preliminary findings and management recommendations
OCTOBER • Auditors present final audited financial statements to BOT for adoption
You can't move so fast that you try to change faster than people can accept it. That doesn't mean
you do nothing, but it means that you do the things that need to be done according to priority.
~Eleanor Roosevelt
Thank You
[email protected](408) 930-2414
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