1. SouthSide Early Childhood Center 2015 Financials January 28, 2016 Board Executive Committee Meeting

2. 2015 Highlights 2015 Loss $27k vs Budget gain $11k Major 2015 unfav drivers were loss of the Mental Health Board funding - $103k unfav budget impact and the Grace Hill transition - $17k unfav Individual Donations unfav $45k; $80k vs budget $125k vs 2014 $137k December 31, 2015 cash balance $575k (due to 2016 temp restricted grants paid in 2015) Pledge loan balance at year end $8k vs open pledges $130k

4. 2016 Budget Key Open Revenue Assumptions Total Revenue $2.6 million $30k from Anonymous Foundation (they advise applying for $80k in 2016) $117k in Foundation Grants ($125k in 2015…targeted list) $156k Individual Donations ($80k 2015…$137k 2014…applying for YOP’s effective 7-1-2016) New golf event $25k net

5. 2016 Budget Monthly Cash Position Budgeted decline in Cash ($210k) Dec 2015 vs Dec 2016