PROGRAM TARGETS – FY 2014 vs. FY 2015 . ** Outreach and Education Program:
Monitoring and Evaluation
Ubuntu's Monitoring and Evaluation Department focuses on:
Projected revenue for 2015: $5, 037,859 (2014: $4,596,647), reflecting a 9.6% increase from FY14. Projected expenses 2015:$4,305,351 (2014: $3,626,109), indicating a 19% increase in expenses.
Early Childhood Education
70 Children will be added in the Early Childhood Development Program. The average cost per child per annum excluding salary cost is $13,354. A pilot program (Junior Leaders Program) consisting of 26 children was implemented. This will increase to 50 by the end of the FY15 financial year. Average cost per child is $2,355.
Youth and Adults
The target for Ubuntu Pathways has increased from 25 youth to 100 for FY15.
In the Future Leaders Program – the criteria for awarding Scholarship had to be reviewed in response to the challenges experienced with the Government funded National Student Financial Aid Scheme (NSFAS). The impact on the budget as result of this challenge is 50% increase in the scholarship budget.
Six additional employees will be recruited at a cost of $239,769. Proposed salary increases are between 3% - 5.5 % across the different salary grades.
A clinic mentor will be engage to increase capacity in our Clinic, this account for 20% of the increase in the Health Budget.
The cash flow report includes revenue from the prior year that is projected to be received in the current year as well as any cash reserves that the organization currently holds. Our goal is to build a reserve of 8 weeks in 2014 and by the end of the fiscal year we will be at 12 weeks.