Financial Results For the Period Ended May 31, 2017.

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Presentation transcript:

Financial Results For the Period Ended May 31, 2017

Table of Contents › Executive Summary › Metrics › Statement of Revenues & Expenditures • Consolidated • By Program/Department › Balance Sheet › Cash Flow Statement 2

Executive Summary › Revenue • Delay in start up of new Behavioral Health Program ($187K) • Shortfall in Operating Contributions/Special Events ($94K) • Greater than anticipated Program Fees/Occupancy for Supportive Housing ($99K) • Bequest received in early 2017 ($30K) › Expenses • Salaries & Benefits favorable to budget due to vacancies and the delay in start up of new Behavioral Health Program • Other Operating Expenses exceeded budget due to higher than expected Foster Care expenses ($65K) › Gain/(Loss) from Operations • Through May = $265K loss vs budgeted loss of $298K and $415K loss in 2016 › High Priority Items • Communication • Implementation of 2017 Strategy/Priorities • Strong focus on expense management across all Programs/Departments, with emphasis on support areas › Other • Continued monitoring of cash position/investment performance 3

Metrics 4

Statement of Revenues & Expenditures (Consolidated - Unrestricted ONLY) 5

Statement of Revenues & Expenditures (By Program/Department) 6

Balance Sheet 7

Cash Flow Statement 8