june 2, 2012 board meeting finance committee fy 2013 budget
TRANSCRIPT
June 2, 2012 Board MeetingFinance Committee
FY 2013 Budget
Girl Scouts of Virginia Skyline
Fiscal Year 2013 Budget Focus of the FY 2013 Budget Presentation
will be: Overview the revenue trends Detail information on product sales (nut
and candy and cookie sale) Overview of major expense
categories/assumptions
Budget History and Projections
The following chart depicts the budget history from FY 2008-FY 2011 along with projections for FY 2012 and FY 2013
End of Year Budget Results
FY 2008 FY 2009 FY 2010 FY 2011 FY 2012 FY 2013-$700,000
-$600,000
-$500,000
-$400,000
-$300,000
-$200,000
-$100,000
$0
$100,000
$200,000
$300,000
(242,486)(654,114) (66,531)
203,768125,621
238
Revenue-Public Support Public Support (~15% income) is
comprised primarily of general contributions and grants from United Ways
A slight decline is projected for FY 2013.
Product Sales The council conducts two product sales
(~75% income): Nut and candy in the fall Cookie sale during the winter
The nut and candy sale is projected to yield $240,293 for FY 2013
The cookie sale is expected to yield $2,030,421 for FY 2013
Nut and Candy SaleFactors that drive this revenue source:
Number of girls registered and selling Number of units soldCompetition with other fall fundraising
activities primarily associated with the public schools
Limited advertising due to fall blackout period related to United Way campaigns
FY 2009 FY 2010 FY 2011 FY 2012 FY 20130
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
Nut and Candy - Number of Girls Selling
FY 2009 FY 2010 FY 2011 FY 2012 FY 20130
20000
40000
60000
80000
100000
120000
Nut and Candy - Number of Units Sold
FY 2009 FY 2010 FY 2011 FY 2012 FY 20130
5
10
15
20
25
30
35
40
Nut and Candy - Average Sales Per Girl
FY 2009 FY 2010 FY 2011 FY 2012 FY 20130
50000
100000
150000
200000
250000
300000
Nut and Candy – Net Profit
Cookie SaleFactors that drive this revenue source:
Number of girls registered and selling Number of cases soldReduced opportunities for booth salesTraining of troop leaders and parentsWeather
FY 2009 FY 2010 FY 2011 FY 2012 FY 20130
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
Cookie Sale - Number of Girls Selling
FY 2009 FY 2010 FY 2011 FY 2012 FY 2013100000
200000
300000
400000
500000
600000
700000
800000
900000
1000000
1100000
1200000
Cookie Sale - Number of Boxes
FY 2009 FY 2010 FY 2011 FY 2012 FY 20130
25
50
75
100
125
150
Cookie Sale - Average Sales Per Girl
FY 2009 FY 2010 FY 2011 FY 2012 FY 20130
500000
1000000
1500000
2000000
2500000
Cookie Sale - Net Profit
Council Shop salesProgram incomeOther revenue
Reimbursements from GSUSA (non recurring)Dormant troop accountsPrinting/PR income for outside organizationsShipping income
Other sources of income
$3,016,707
Total Revenue
Personnel related costs represent 65% of budget38 FT and 3 PT employeesSalaries ($1,499,038)
The FY 2013 Budget does not provide any salary adjustment for staff - 5th year salary freeze
Staff is completing information on individual positions to submit to GSUSA to determine appropriate salary levels for each position
After receipt of the GSUSA information more discussion will be undertaken with the Finance Committee
Expenditures
Health InsuranceThe proposed budget reflects a 20% increase
in premiums affected January 1, 2013Currently Council pays 80% with employees
paying 20% of the monthly premiumRetirement
The Council is required to pay $156,036 annually as its share of the retirement plan deficit for 15 years ,with 12 remaining
Expenditures
Administrative ($1,075,227)Occupancy
Utilities, Property cost, Principal on debt
Professional feesTravel (pay out 80% IRS mileage rate)Program and office suppliesConferencesSpecific assistance to individualsMiscellaneous
Bad debt, credit card and other bank service fees, obsolete inventory
Expenditures
$3,016,469-------------Net $238
Total Expenses
Closing
Motion and discussion