Financial Results For the Period Ended December 31, 2016 DRAFT.

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Presentation transcript:

Financial Results For the Period Ended December 31, 2016 DRAFT

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

DRAFT Executive Summary 3 › Revenue • Lower than anticipated Kids’ First Revenue ($658K) • Shortfall in Special Event revenue ($318K) • Shortfall in General Contributions/Grants ($70K) • Delay in transfer of Foster Care cases ($40K) › Expenses • Delay in salaries related to the timing of the additional Foster Care cases ($36K) › Gain/(Loss) from Operations • Thru December = $1.064M loss vs budgeted gain of $3K and $173K gain in 2015 › High Priority Items • Communication • Development Plan/Strategy for 2017 • Continued communications with COCA regarding the potential sale of the University City properties • Monitoring of CSF revenue – utilization vs. budgeted totals by program • Implementation of additional Foster Care Case Management caseload (from 61 to 218 cases) • Strong focus on expense management across all Programs/Departments, with emphasis on support areas › Other • Continued monitoring of cash position/investment performance DRAFT 3

Metrics DRAFT 4

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

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

Balance Sheet DRAFT 7

Cash Flow Statement DRAFT 8