Monthly Financial Report : 91springboard

Financial Summary for This Month : 91springboard

Statement of Financial Performance Oct-17 Oct-17 Oct-17 Oct-17 YTD YTD YTD YTD
Actual Budget Var $ Var % Actual Budget Var $ Var %
Income
Open Dedicated 175,000 140,000 35,000 25% 1,848,000 1,680,000 168,000 10%
Open Corporate 96,000 80,000 16,000 20% 1,152,000 960,000 192,000 20%
Open Flexi 210,000 180,000 30,000 17% 2,364,000 2,160,000 204,000 9%
Private 112,000 120,000 (8,000) -7% 1,376,000 1,440,000 (64,000) -4%
Part time 105,000 100,000 5,000 5% 1,210,000 1,200,000 10,000 1%
Batman 17,500 17,500 - 0% 210,000 210,000 - 0%
Student 15,000 15,000 - 0% 180,000 180,000 - 0%
Daypass 885,000 600,000 285,000 48% 9,570,000 7,200,000 2,370,000 33%
Meeting Room 178,000 175,000 3,000 2% 2,012,500 2,100,000 (87,500) -4%
Cafeteria 45,600 45,000 600 1% 532,800 540,000 (7,200) -1%
Printers 65,700 67,500 (1,800) -3% 791,100 810,000 (18,900) -2%
Event Income - - - 0% - - - 0%
Sponsorship 120,000 - 120,000 0% 1,260,000 1,200,000 60,000 5%

Total Income 2,024,800 1,640,000 384,800 23% ### ### 2,826,400 14%
Monthly Financial Report : 91springboard

Expenses
Administration Costs 300,000 310,000 10,000 3% 3,600,000 3,720,000 120,000 3%
Rental & Utility 1,000,000 1,000,000 - 0% ### ### - 0%
Insurance 15,000 15,000 - 0% 180,000 180,000 - 0%
Depreciation 15,000 15,000 - 0% 180,000 180,000 - 0%
House Keeping 50,000 50,000 - 0% 600,000 600,000 - 0%
Programs and Training Courses 5,000 5,000 - 0% 60,000 60,000 - 0%
Cafeteria 22,800 22,500 (300) -1% 266,400 270,000 3,600 1%
Event Costs 25,000 25,000 - 0% 300,000 300,000 - 0%
Other 15,000 15,000 - 0% 180,000 180,000 - 0%
others - - - 0% - - - 0%
Other - - - 0% - - - 0%
Other - - - 0% - - - 0%
Other - - - 0% - - - 0%
Other - - - 0% - - - 0%
Other - - - 0% - - - 0%
Other - - - 0% - - - 0%
Other - - - 0% - - - 0%
Other - - - 0% - - - 0%
Other - - - 0% - - - 0%
Other - - - 0% - - - 0%
Other - - - 0% - - - 0%

Total Expenses 1,447,800 1,457,500 9,700 1% ### ### 123,600 1%

Net Surplus / (Deficit) 577,000 182,500 394,500 216% 5,140,000 2,190,000 2,950,000 135%

Total Income - Actual v Budget Total Expenses

$2,500,000 $1,458,000
Monthly Financial Report : 91springboard

Total Income - Actual v Budget Total Expenses

$2,500,000 $1,458,000
$1,456,000
$2,000,000 $1,454,000
$1,452,000
$1,500,000 Actual
Budget $1,450,000
$1,448,000
$1,000,000
$1,446,000
$500,000 $1,444,000
$1,442,000
$- $1,440,000
Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-16 Jan-17 Mar-17 May-17 Jul-17

Net Profit - Actual v Budget Total Grant Income - Actual v Budget

$600,000 $225,000

$220,000
$500,000
$215,000
$400,000
$210,000
Actual
Budget
$300,000 $205,000

$200,000
$200,000
$195,000
$100,000
$190,000

$- $185,000
Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17 Aug-17 Sep-17 Oct-17 Nov-16 Jan-17 Mar-17 May-17 Jul-17

Unsecured Sponsorship Income

$210,000
$205,000
$200,000
$195,000
Actual
Monthly Financial Report : 91springboard
 YTD plus
Remaining Budget

1,848,000
1,152,000
2,364,000
1,376,000
1,210,000
210,000
180,000
9,570,000
2,012,500
532,800
791,100
-
1,260,000

22,506,400
 3,600,000
12,000,000
180,000
180,000
600,000
60,000
266,400
300,000
180,000
-
-
-
-
-
-
-
-
-
-
-
-

17,366,400

5,140,000

Total Expenses
$1,458,000
 Total Expenses
$1,458,000
$1,456,000
$1,454,000
$1,452,000
Actual
$1,450,000 Budget
$1,448,000
$1,446,000
$1,444,000
$1,442,000
$1,440,000
Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17

Total Grant Income - Actual v Budget

$225,000

$220,000

$215,000

$210,000
Actual
Budget
$205,000

$200,000

$195,000

$190,000

$185,000
Nov-16 Jan-17 Mar-17 May-17 Jul-17 Sep-17
Financial Summary for This Month : 91springboard

Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17

Financial Performance - Actual

Income
Open Dedicated 140,000 154,000 147,000 133,000 140,000 133,000 161,000 168,000 168,000
Open Corporate 96,000 96,000 96,000 96,000 96,000 96,000 96,000 96,000 96,000
Open Flexi 180,000 180,000 192,000 186,000 198,000 204,000 198,000 198,000 204,000
Private 120,000 112,000 104,000 112,000 112,000 120,000 112,000 120,000 120,000
Part time 100,000 105,000 95,000 100,000 100,000 95,000 105,000 100,000 105,000
Batman 17,500 17,500 17,500 17,500 17,500 17,500 17,500 17,500 17,500
Student 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Daypass 675,000 630,000 705,000 780,000 870,000 810,000 765,000 825,000 840,000
Meeting Room 182,500 163,000 160,500 157,000 174,000 173,000 155,500 161,500 173,000
Cafeteria 42,000 42,600 43,800 45,000 44,400 45,600 46,200 44,400 45,000
Printers 67,500 67,500 67,500 67,500 67,500 67,500 67,500 67,500 62,100
Event Income - - - - -
Sponsorship 100,000 80,000 80,000 80,000 100,000 100,000 120,000 120,000 120,000
Others - - - - -
Total Income 1,735,500 1,662,600 1,723,300 1,789,000 1,934,400 1,876,600 1,858,700 1,932,900 1,965,600

Expenses
Administration Costs 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000
Rental & Utility 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Insurance 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Depreciation 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
House Keeping 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Programs and Training Courses 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
Cafeteria 21,000 21,300 21,900 22,500 22,200 22,800 23,100 22,200 22,500
Event Costs 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000
Other 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
others - - - - -
Other - - - - -
Other - - - - -
Financial Summary for This Month : 91springboard

Other - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
1,446,000 1,446,300 1,446,900 1,447,500 1,447,200 1,447,800 1,448,100 1,447,200 1,447,500

Net Surplus / (Deficit) 289,500 216,300 276,400 341,500 487,200 428,800 410,600 485,700 518,100
Financial Summary for This Month : 91springboard

Financial Position - Actual Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17

Current Assets
Cash at Bank/(Bank Overdraft) 510,473 540,268 524,435 538,412 567,915 584,823 561,651 509,685 508,124
Inventory 10,430 9,733 9,789 10,668 10,528 9,120 10,630 10,949 10,818
Accounts Receivable 51,736 51,949 65,044 52,726 67,127 61,980 65,562 65,836 69,753
GST Receivable - - - - -
Other Current Assets - - - - -
Other Current Assets - - - - -
Other Current Assets - - - - -
Other Current Assets - - - - -
Other Current Assets - - - - -
572,639 601,950 599,268 601,806 645,570 655,923 637,843 586,470 588,695
Current Liabilities
Accounts Payable 146758 151122 143113 149481 156854 140704 146068 143885 150582
GST Payable 216,938 207,825 215,413 223,625 241,800 234,575 232,338 241,613 245,700
Income Received in Advance - - - - -
Other Current Liabilities - - - - -
Other Current Liabilities - - - - -
Other Current Liabilities - - - - -
Other Current Liabilities - - - - -
Other Current Liabilities - - - - -
Other Current Liabilities - - - - -
363,696 358,947 358,526 373,106 398,654 375,279 378,406 385,498 396,282

Working Capital 208,944 243,003 240,743 228,700 246,916 280,644 259,438 200,973 192,413

Fixed Assets and Long Term Investments

Plant and Equipment - - - - -
Intangible Assets - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
Financial Summary for This Month : 91springboard

Other - - - - -
- - - - - - - - -
Term Liabilities
Bank Debt - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
Other - - - - -
- - - - - - - - -

Equity 208,944 243,003 240,743 228,700 246,916 280,644 259,438 200,973 192,413

Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17

Receivables Aging
Current
One month overdue
Two months overdue
Three months or more overdue
- - - - - - - - -
Check Total Check Total Check Total Check Total Check Total Check Total Check Total Check Total Check Total
Payables Aging
Current
One month overdue
Two months overdue
Three months or more overdue
- - - - - - - - -
Check Total Check Total Check Total Check Total Check Total Check Total Check Total Check Total Check Total
Financial Summary for This Month : 91springboard

Financial Performance - Budget Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17

Income
Open Dedicated 140,000 140,000 140,000 140,000 140,000 140,000 140,000 140,000 140,000
Open Corporate 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000 80,000
Open Flexi 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000 180,000
Private 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000 120,000
Part time 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Batman 17,500 17,500 17,500 17,500 17,500 17,500 17,500 17,500 17,500
Student 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Daypass 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000 600,000
Meeting Room 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000 175,000
Cafeteria 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000 45,000
Printers 67,500 67,500 67,500 67,500 67,500 67,500 67,500 67,500 67,500
Event Income - - - - -
Event Income - - - - - - - - -
Sponsorship 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Others - - - - - - - - -
Total Income 1,640,000 1,640,000 1,640,000 1,640,000 1,640,000 1,640,000 1,640,000 1,640,000 1,640,000

Expenses
Administration Costs 310,000 310,000 310,000 310,000 310,000 310,000 310,000 310,000 310,000
Rental & Utility 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Insurance 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
Depreciation 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
House Keeping 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000 50,000
Programs and Training Courses 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000 5,000
Cafeteria 22,500 22,500 22,500 22,500 22,500 22,500 22,500 22,500 22,500
Event Costs 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000
Other 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000 15,000
others - - - - - - - - -
Other - - - - - - - - -
Other - - - - - - - - -
Financial Summary for This Month : 91springboard

Other - - - - - - - - -
Other - - - - - - - - -
Other - - - - - - - - -
Other - - - - - - - - -
Other - - - - - - - - -
Other - - - - - - - - -
Other - - - - - - - - -
Other - - - - - - - - -
Other - - - - - - - - -
Total Expenses 1,457,500 1,457,500 1,457,500 1,457,500 1,457,500 1,457,500 1,457,500 1,457,500 1,457,500

Net Surplus / (Deficit) 182,500 182,500 182,500 182,500 182,500 182,500 182,500 182,500 182,500
Financial Summary for This Month : 91springboard

Cash Position and Requirements Forecast Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17

Budgeted Month End Cash Balance 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000 500,000
Actual Month End Cash Balance 510,473 540,268 524,435 538,412 567,915 584,823 561,651 509,685 508,124
Variance 10,473 40,268 24,435 38,412 67,915 84,823 61,651 9,685 8,124

Latest Projected Cash Position 510,473 540,268 524,435 538,412 567,915 584,823 561,651 509,685 508,124

Actual Month End Cash Position 510,473 540,268 524,435 538,412 567,915 584,823 561,651 509,685 508,124
Short Term Cash Requirement 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000 25,000
Cash Reserves/(Shortfall) 485,473 515,268 499,435 513,412 542,915 559,823 536,651 484,685 483,124

Financial Performance Forecast Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17

Budgeted Surplus (Deficit) 182,500 182,500 182,500 182,500 182,500 182,500 182,500 182,500 182,500
Actual Surplus 289,500 216,300 276,400 341,500 487,200 428,800 410,600 485,700 518,100
Latest Forecast Surplus 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000 350,000

Financial Position - Targets Annual

Working Capital Ratio Target 1.10 (Your target ratio of current assets to current liabilities)
Current Receivables Target 85.00% (Percentage of total Accounts Receivables expected to be paid on time rather than being overdue)
Current Payables Target 95.00% (Percentage of total Accounts Payable expected to be paid on time rather than being paid late)
Days Covered by Liquid Assets 90 (Benchmark days operating expenditure covered by net liquid assets)
Financial Summary for This Month : 91springboard
Financial Summary for This Month : 91springboard

Grant Funding Nov-16 Dec-16 Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 Jul-17

Budgeted YTD Total Grant Funding

Confirmed Total Grant Funding
Projected Total Grant Funding

Sponsorship Funding

Budgeted YTD Total Sponsorship Funding 100,000 360,000 620,000 880,000 1,140,000 1,400,000 1,660,000 1,920,000 2,180,000
Confirmed Total Sponsorship Funding 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Projected Total Sponsorship Funding 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000 100,000
 Aug-17 Sep-17 Oct-17 Total

161,000 168,000 175,000 1,848,000

96,000 96,000 96,000 1,152,000
210,000 204,000 210,000 2,364,000
112,000 120,000 112,000 1,376,000
100,000 100,000 105,000 1,210,000
17,500 17,500 17,500 210,000
15,000 15,000 15,000 180,000
885,000 900,000 885,000 9,570,000
162,000 172,500 178,000 2,012,500
43,800 44,400 45,600 532,800
61,200 62,100 65,700 791,100
-
120,000 120,000 120,000 1,260,000
-
1,983,500 2,019,500 2,024,800 22,506,400

300,000 300,000 300,000 3,600,000

1,000,000 1,000,000 1,000,000 12,000,000
15,000 15,000 15,000 180,000
15,000 15,000 15,000 180,000
50,000 50,000 50,000 600,000
5,000 5,000 5,000 60,000
21,900 22,200 22,800 266,400
25,000 25,000 25,000 300,000
15,000 15,000 15,000 180,000
-
-
-
 -
-

-
-
-
-
-
1,446,900 1,447,200 1,447,800 17,366,400

536,600 572,300 577,000 5,140,000

 Aug-17 Sep-17 Oct-17

552,990 512,619 529,445

9,745 9,177 9,261
60,657 52,920 52,218

623,392 574,716 590,924

151568 155185 148202

247,938 252,438 253,100

399,506 407,623 401,302

223,887 167,094 189,622

 - - -

- - -

223,887 167,094 189,622

Jul-17 Aug-17 Sep-17 Oct-17

- - -
Check Total Check Total Check Total

- - -
Check Total Check Total Check Total
 Aug-17 Sep-17 Oct-17 Total

140,000 140,000 140,000 1,680,000

80,000 80,000 80,000 960,000
180,000 180,000 180,000 2,160,000
120,000 120,000 120,000 1,440,000
100,000 100,000 100,000 1,200,000
17,500 17,500 17,500 210,000
15,000 15,000 15,000 180,000
600,000 600,000 600,000 7,200,000
175,000 175,000 175,000 2,100,000
45,000 45,000 45,000 540,000
67,500 67,500 67,500 810,000
-
- - -
100,000 100,000 100,000 1,200,000
- - - -
1,640,000 1,640,000 1,640,000 19,680,000

310,000 310,000 310,000 3,720,000

1,000,000 1,000,000 1,000,000 12,000,000
15,000 15,000 15,000 180,000
15,000 15,000 15,000 180,000
50,000 50,000 50,000 600,000
5,000 5,000 5,000 60,000
22,500 22,500 22,500 270,000
25,000 25,000 25,000 300,000
15,000 15,000 15,000 180,000
- - - -
- - - -
- - - -
 - - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
- - - -
1,457,500 1,457,500 1,457,500 17,490,000

182,500 182,500 182,500 2,190,000

 Aug-17 Sep-17 Oct-17

500,000 500,000 500,000

552,990 512,619 529,445
52,990 12,619 29,445

552,990 512,619 529,445

552,990 512,619 529,445

25,000 25,000 25,000
527,990 487,619 504,445

Aug-17 Sep-17 Oct-17 Total

182,500 182,500 182,500 2,190,000

536,600 572,300 577,000 5,140,000
350,000 350,000 350,000 4,200,000
 Aug-17 Sep-17 Oct-17

2,440,000 2,700,000 2,960,000

100,000 100,000 100,000
100,000 100,000 100,000
Reporting entity name: 91springboard
Reports for the 12 months begining : 1 November 16
Report for the month of: Oct-17

Credits for templateTristan Dean

Hayes Knight

Credits for templateTristan Dean

Hayes Knight North Limited
Email: tristan.dean@hayesknight.co.nz
Phone: 09 414 5444
Governance Reporting
This template has been built in consultation with the sector. It is designed to reflect the key information re
by boards for the majority of organisations. It will need adapting for individual circumstances.

This is a governance document. It is designed to serve the needs of the board for clear, concise, aggregat
information. It is not a set of management accounts and nor does it provide the level of detail that may be
required by a finance sub-committee.
Any board should have made it clear to management what information is required. This should come from
measures in the strategic plan, the financial policies and delegations and any particular areas of risk that
concerns the board. The board and management should also have agreed on lead measures such as sta
stakeholder satisfaction, retention levels, efficiency rates, renewalsetc. which contribute to the higher lev
outcomes.
Management should not be left guessing the information requirements of the board.
o reflect the key information required
ual circumstances.

rd for clear, concise, aggregated

the level of detail that may be

quired. This should come from the

ny particular areas of risk that
n lead measures such as staff and
ch contribute to the higher level

ents of the board.