1 / 14

FY14 Estimate at Completion

FY14 Estimate at Completion. 29 April 2014 Finance Committee Sandy Magnus Karen Rosenblum. Continuing Operations FY14 EAC. FY14 Year End Projection = ($460K). Variance Breakdown. Attendance. Exhibits & Sponsorship. 2014 Budget Balancing. Positive Financial Impact

caesar
Download Presentation

FY14 Estimate at Completion

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. FY14 Estimate at Completion 29 April 2014 Finance Committee Sandy Magnus Karen Rosenblum

  2. Continuing Operations FY14 EAC FY14 Year End Projection = ($460K)

  3. Variance Breakdown Attendance Exhibits & Sponsorship

  4. 2014 Budget Balancing • Positive Financial Impact • Business efficiencies • Large staff cut • Termination of pension • Not accruing staff bonus • Reduce TAC meals • Hold STEM • Hold TC Funding • Negative Financial Impact • Attendance • Sponsorships • Exhibits • Publication Sales • Continuing Education It’s not enough!

  5. What’s Next • Fundamentally – We Need Revenue • Hired Director of Marketing • About to hire a Business Development Director • Forums need growth & development • SPACE Forum needs overhaul • Cannibalizing revenue from within • Don’t see a big change for 2015 • Without major change will have to cut more programs & services • Need major cultural/organization change

  6. Trend in Institutional Journal Subscribers Note: At the time of developing the FY14 budget in FY13, we were experiencing a continued downward trend. At the end of FY13, we saw a positive uptick in subscribers. FY14 key indicator projections are conservative as we are not certain we will experience an uptick at the end of FY14.

  7. Trend in Event Attendance (TC Events) Note: FY14 budget number represents adjusted key indicator based on Estimate at Completion.

  8. Professional Members (FY2010, FY13 dues increase years)

  9. Student Members by Fiscal Year

  10. Exhibits Square Footage

  11. Operations Only Financial History

  12. Total Institute

  13. Overall Event Attendance (TC and Vended Events) Note: FY14 budget number represents adjusted key indicator based on Estimate at Completion.

More Related