Beruflich Dokumente
Kultur Dokumente
Memo
To:
Executive Committee
From:
Date:
June 6, 2016
Please find attached the Statement of Financial Position and the Statement of
Activity for the Unrestricted Fund for the four months ended April 30, 2016.
The financial statements presented represent gross operations including all
sources of funding. As of April 30th, we are ahead of budget by $85,000 with a
Net Surplus of $160,000. See below for a discussion of material variances.
Total Public Support Behind Budget by $27,000
Contributions are behind due primarily to a decrease in the semiannual
distribution from our endowment funds at the CFTB this year. The distribution
will be approximately $40,000 less than anticipated this year.
Fees & Grants are behind by $24,000 due in large part to the Childrens Board
After Zone Grant for Marshall and Tomlin Middle Schools in Plant City. There
were delays in getting the program started at Tomlin this year as well as some
other obstacles that have put this program behind our target to date.
Personnel Costs Surplus of $153,000
The surplus is due to a combination of decisions to reduce costs by the CEO by
reorganizing staff and eliminating certain Area Director positions as well as
vacancies in club staff positions in the first quarter that we are in the process of
filling now. As well certain grants were not initiated as early as anticipated and
therefore staff were not in place as budgeted creating a savings there as well.
Occupancy Expense Overage of $24,000
A significant cause of the overage in Occupancy Expense is the increase in the
premiums for property insurance and liability insurance we saw during the
renewal in March. Over the last 4 or 5 renewals, our broker has kept our costs
steady without significant increases however, due to an increase in claims over
the last two years, we could not escape the increase in costs even as we went to
market.
Page 2 of 2
Page 1
Unrestricted
Fund
4/30/2016
Temporarily
Restricted
Fund
4/30/2016
Total
All
Funds
4/30/2016
Endowment
Fund
4/30/2016
Total
All
Funds
4/30/2015
ASSETS
Current Assets
$497,429
Investments
$753,469
Accounts Receivable
Other Receivables
$3,176,122
$11,573
$3,685,124
$1,425,128
$608,259
$1,361,728
$1,874,601
$272,784
$272,784
$345,364
$52,853
$52,853
$29,519
$37,261
$37,261
$33,139
$348,964
$348,964
$1,190,149
Prepaid Expenses
$124,712
$124,712
$225,091
$5,883,426
$5,122,991
$7,585,428
$7,585,428
$7,525,150
$37,500
$37,500
$45,000
$32,300
$32,300
$44,985
$82,440
$82,440
$79,233
$14,494
$12,828
$2,087,471
$3,176,122
$619,832
$14,494
$7,637,422
$114,740
$0
$7,752,162
$7,707,196
$9,724,894
$3,290,862
$619,832
$13,635,587
$12,830,187
Accounts Payable
$163,493
$163,493
$161,323
Accrued Expenses
$297,231
$297,231
$247,885
$591,536
Deferred Revenue
Total Current Liabilities
$460,723
$4,000
$0
$4,000
$4,000
$464,723
$1,004,744
Page 2
Temporarily
Restricted
Fund
4/30/2016
Unrestricted
Fund
4/30/2016
Total
All
Funds
4/30/2016
Endowment
Fund
4/30/2016
Total
All
Funds
4/30/2015
Other Liabilities
$140,000
$0
$0
$0
$0
$140,000
$460,723
$4,000
$0
$464,723
$1,144,744
Net Assets
$1,660,854
$1,660,854
$2,250,489
$7,603,316
$7,603,316
$7,544,053
Temporarily Restricted
$3,286,862
Permanently Restricted
Total
Total Net Assets
TOTAL LIABILITIES AND NET ASSETS
$3,286,862
$1,221,567
$619,832
$619,832
$669,335
$9,264,170
$3,286,862
$619,832
$13,170,864
$11,685,444
$9,264,170
$3,286,862
$619,832
$13,170,864
$11,685,444
$9,724,894
$3,290,862
$619,832
$13,635,587
$12,830,187
Actual
1/1/16
to
4/30/16
Total
2016
Budget
294,087
677,177
85,369
893,573
1,950,206
285,000
698,500
75,750
918,000
1,977,250
9,087
(21,323)
9,619
(24,427)
(27,044)
3.2%
(3.1%)
12.7%
(2.7%)
(1.4%)
850,000
2,283,000
295,000
2,613,000
6,041,000
281,794
625,891
31,730
939,016
1,878,431
12,293
51,286
53,639
(45,443)
71,775
4.4%
8.2%
169.0%
(4.8%)
3.8%
44,365
2,166
16,287
62,818
50,000
2,500
7,000
59,500
(5,635)
(334)
9,287
3,318
(11.3%)
(13.4%)
132.7%
(25.2%)
272,500
8,000
21,000
301,500
62,239
4,170
2,443
68,852
(17,874)
(2,004)
13,844
(6,034)
(28.7%)
(48.1%)
566.7%
(8.8%)
485,453
(119,361)
366,092
471,500
(102,500)
369,000
13,953
(16,861)
(2,908)
3.0%
16.4%
(0.8%)
856,000
(206,000)
650,000
471,134
(85,004)
386,130
14,319
(34,357)
(20,038)
3.0%
40.4%
(5.2%)
Variance
%
Revenue
Program Service Revenue
Investment Revenue
Other Revenue
Total Revenue
Special Events
Special Event Revenue
Special Event Expenses
Net Special Events
Total Public Support and Revenue
Expenses
Personnel Costs
Salaries
Employee Benefits
Payroll Taxes
Other Employee Costs
Total Personnel Costs
2,379,116
2,405,750
(26,634)
(1.1%)
6,992,500
2,333,413
45,703
2.0%
1,017,023
117,031
74,621
12,377
1,221,052
1,154,500
119,867
87,900
11,500
1,373,767
137,477
2,836
13,279
(877)
152,715
11.9%
2.4%
15.1%
(7.6%)
11.1%
3,517,000
359,000
274,000
35,000
4,185,000
948,119
111,218
72,283
8,100
1,139,720
(68,904)
(5,813)
(2,338)
(4,277)
(81,332)
(7.3%)
(5.2%)
(3.2%)
(52.8%)
(7.1%)
1 of 2
Actual
1/1/16
to
4/30/16
Operating Costs
Professional Fees
Contract Services
Supplies
Information Technolgy
Occupancy Expense
Equipment Expense
Printing & Postage
Transportation Expense
Training, Travel & Meetings
Program Services
Other Expenses
Total Operating Costs
Total Expenses
NET SURPLUS/(DEFICIT)
39,435
9,865
211,985
36,646
482,954
26,156
4,096
51,933
28,611
85,597
20,875
998,153
42,000
10,500
216,000
36,500
458,800
25,000
5,500
51,000
25,000
70,500
16,500
957,300
2,219,205
159,912
Variance
%
Total
2016
Budget
2,565
635
4,015
(146)
(24,154)
(1,156)
1,404
(933)
(3,611)
(15,097)
(4,375)
(40,853)
6.1%
6.0%
1.9%
(0.4%)
(5.3%)
(4.6%)
25.5%
(1.8%)
(14.4%)
(21.4%)
(26.5%)
(4.3%)
117,500
76,000
648,500
109,000
1,401,500
75,000
17,000
154,000
73,500
245,500
105,500
3,023,000
40,947
25,585
156,918
38,998
449,554
24,587
2,956
58,039
37,457
71,600
31,139
937,780
1,512
15,720
(55,067)
2,352
(33,400)
(1,569)
(1,140)
6,106
8,846
(13,997)
10,264
(60,373)
3.7%
61.4%
(35.1%)
6.0%
(7.4%)
(6.4%)
(38.6%)
10.5%
23.6%
(19.5%)
33.0%
(6.4%)
2,331,067
111,862
4.8%
7,208,000
2,077,500
(141,705)
(6.8%)
74,683
85,228
114.1%
255,913
(96,002)
(37.5%)
2 of 2
(215,500)