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Financial Leadership Development: Tools for Board, Executive Leadership, Fiscal, and Program Staff. Region 8/10 Conference: Celebrating the Past... Looking to the Future... May 13-15, 2014 Boise, ID. Denise Harlow, CCAP Community Action Partnership 202-595-0660
Region 8/10 Conference:
Celebrating the Past... Looking to the Future...
May 13-15, 2014
Denise Harlow, CCAP
Community Action Partnership
A special thank you to Kay Sohl and CAPLAW for your role in the development of the Financial Leadership curriculum presented here today.
Increased emphasis on:
Directing resources to organizations that can most effectively serve high-need communities
Financial and governance
Proposed CSBG Organizational Standards
Your CAA’s sustainability on a scale of 1 to 5
Key business drivers
Annual Expenses ÷ 365 days
= 1 day of Cash
Cash Balance ÷ 1 Day of Cash
= Days of Cash
Annual Expenses $975,000
÷ 365 days
= 1 day of Cash 2,671
Cash Balance 160,000
÷ 1 Day of Cash
= Days of Cash 60 days of cash
Sources of income
Uses of resources
Financial impact of specific programs
Opportunities to generate surplus/profit
Risks for generating losses
Return on investment of unrestricted resources
Fund Raising,as well as Programs, functions as a line of business
Need clarity on the contributionof each line of business to overall financial condition
Does your CAA have clear strategies to increase Unrestricted Net Assets?
Does your CAA have any funding agreements that allow generating a surplus?
Does your accounting facilitate determining the full cost of each service?
What are the key drivers that have the greatest impact on your financial success?
Your team works with your CAA to identify key indicators & comparisons:
Get hands-on help to develop your CAA’s dashboard from:
Fiscal Management Associates
This presentation was created by National Association of Community Action Agencies – Community Action Partnership in the performance of the U.S. Department of Human Services, Administration for Children and Families, Office of Community Services Grant Number 90ET0428. Any opinion, findings, and conclusions, or recommendations expressed in this material are those of the authors and do not necessarily reflect the views of the U.S. Department of Health and Human Services, Administration for Children and Families.