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June 2, 2012 Board Meeting Finance Committee FY 2013 Budget

Girl Scouts of Virginia Skyline. June 2, 2012 Board Meeting Finance Committee FY 2013 Budget. 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)

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June 2, 2012 Board Meeting Finance Committee FY 2013 Budget

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  1. Girl Scouts of Virginia Skyline • June 2, 2012 Board Meeting • Finance Committee • FY 2013 Budget

  2. 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

  3. 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

  4. End of Year Budget Results

  5. 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.

  6. 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

  7. Nut and Candy Sale • Factors that drive this revenue source: • Number of girls registered and selling • Number of units sold • Competition with other fall fundraising activities primarily associated with the public schools • Limited advertising due to fall blackout period related to United Way campaigns

  8. Nut and Candy - Number of Girls Selling

  9. Nut and Candy - Number of Units Sold

  10. Nut and Candy - Average Sales Per Girl

  11. Nut and Candy – Net Profit

  12. Cookie Sale • Factors that drive this revenue source: • Number of girls registered and selling • Number of cases sold • Reduced opportunities for booth sales • Training of troop leaders and parents • Weather

  13. Cookie Sale - Number of Girls Selling

  14. Cookie Sale - Number of Boxes

  15. Cookie Sale - Average Sales Per Girl

  16. Cookie Sale - Net Profit

  17. Other sources of income • Council Shop sales • Program income • Other revenue • Reimbursements from GSUSA (non recurring) • Dormant troop accounts • Printing/PR income for outside organizations • Shipping income

  18. Total Revenue $3,016,707

  19. Expenditures • Personnel related costs represent 65% of budget • 38 FT and 3 PT employees • Salaries ($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

  20. Expenditures • Health Insurance • The proposed budget reflects a 20% increase in premiums affected January 1, 2013 • Currently Council pays 80% with employees paying 20% of the monthly premium • Retirement • The Council is required to pay $156,036 annually as its share of the retirement plan deficit for 15 years ,with 12 remaining

  21. Expenditures • Administrative ($1,075,227) • Occupancy • Utilities, Property cost, Principal on debt • Professional fees • Travel (pay out 80% IRS mileage rate) • Program and office supplies • Conferences • Specific assistance to individuals • Miscellaneous • Bad debt, credit card and other bank service fees, obsolete inventory

  22. Total Expenses $3,016,469 ------------- Net $238

  23. Closing • Motion and discussion

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