Transcript: Return on Assets 2009 = - 0.33 2010 = -0.10 2012 = - 0.04 Laura Glasebrook & Lori Murray Final Presentation Contribution Ratio 2009 = 0.59 2010 = 0.61 2012 = 0.61 PROFITABILITY AND LIQUIDITY INTRODUCTION UCP has room to grow in the community and market UCP was unprepared for the downturn in the economy UCP attempted to make corrective efforts UCP's efforts were limited by dependency on one funding source Financial Management QUESTIONS? ANALYSIS OF EXPENSES United Cerebral Palsy of San Diego Current Ratios 2009 = 1.40 2010 = 1.31 2012 = 0.91 THRIFT STORE ANALYSIS Pursuing innovative programming and collaborative efforts Diversification of funding sources Strategic planning of thrift stores Board development Increased volunteer and community engagement Pursuing innovative programming and collaborative efforts Diversification of funding sources Strategic planning of thrift stores Taking efforts to decrease liabilities and increase net assets ANALYSIS OF FINANCIAL STATEMENTS KEY RECOMMENDATIONS RECOMMENDATIONS THANK YOU! ASSESSMENT Mission To advance the independence, productivity and full citizenship of people affected by cerebral palsy and other disabilities. By making solid steps, UCP can build a better community for all in the process. Clients 7,500 affected by cerebral palsy and other disabilities Primary Programs Vocational Services Adult Development Programs Secondary Programs Work activity programs Ready Stamps Group supported employment programs Thrift stores Profit centers operated by UCP Profit Margins 2009 = - 0.12 2010 = - 0.03 2012 = -0.01
Transcript: >Financial management is decision making process of these managerial decisions: investment decisions,financing decision and asset management decision. The Financial Manager's Responsibilities Meaning of Financial Management > Relationship with marketing department. > Relationship with production department. > Relationship with human resource department. Goals of financial management Financial Management Relationship with other functional areas > Analysis of the financial aspects of all decisions. > Analysis of Investment decision. > Analysis of financing decision. > Analysis of financial markets. > Analysis of risk. > Analysis of financial condition of firm. Importances of Financial Management > Profit maximization goal. > Wealth maximization goal. > Setting clear goal. > Efficient utilization of resources. > Sources of financing. > Dividend decision.
Transcript: Financial Management STEP 1: Planning 1A: Calendar Step 1: Planning aka Budgeting 2B: Software Effective Financial Management is a process. It is completed when the board and staff use the results of their financial analysis to inform their plans going forward. Step 2: Operations 1B Kickoff Meeting Create budget calendar Start backward from board meeting Things to consider: Date of Finance committee meeting Need for multiple iterations Amount of time required from finance staff 2A: Staff Step 3: Monitoring 1C: Create Budget 2C: Internal Controls Step 4 Governance Hold Kickoff Meeting
Transcript: CORRESPONDENCES FROM MBCC Subgrant application review process Subgrant Adjustments FLOW OF GRANT FUNDS Ideas Adequate Accounting System FINANCIAL MANAGEMENT MBCC Applies for federal grant Notes Award Packet: Agency may fill out and submit a monthly Request for Funds form Based on the most recent approved budget, you have authority to transfer funds between line items so long as the change does not alter the line items by more than 10% Suggested File Format Ideas Subgrant award/denial process Recommendation Letter: Federal grant awarded to MBCC Provide professional accounting for all funds administered by the Crime Control Division in accordance with generally accepted accounting principles and in compliance with state and federal laws and regulations. After the RFP closes, an acknowledgment letter is sent to the project director. This letter lets you know we have received your application and is currently being processed. Within this letter is your grant number, please reference it in all communication with us. RFP Process: Request for Proposal - Published on MBCC website Agency returens signed award documents FINANCIAL MANAGEMENT BUREAU Set up a file with 6 sections. Label each tab 1.Application 2.Correspondence 3.Award Documents 4.Grant Adjustments 5.Quarterly Financial Reports 6.Quarterly Narrative Reports receipts obligations expenditures of grant funds by budget line item - including match program income interest earnings Agency submits application online by due date Provide cost and property control to ensure optimal use of funds. Suggested Grant File Format: Acknowledgment Letter: Once the staff reviews the applications, they are presented to the Application Review Committee (ARC) of the Board of Crime Control. A recommendation letter is created after the ARC meeting and lets you know what the recommendations are for the Board of Crime Control Meeting. The recommendation amount in the letter is a recommendation only and could change at the Board meeting. 10th Provide for separation of duties and responsibilities (Internal Control) Subgrant Extensions Set up a file with 6 sections. Label each tab 1.Application 2.Correspondence 3.Award Documents 4.Grant Adjustments 5.Quarterly Financial Reports 6.Quarterly Narrative Reports Reporting Requirements For changes that exceed 10% you must submit a grant adjustment request to MBCC and receive written approval. Grant adjustments can not be authorized over the phone. Prior approval is required and you should not obligate funds prior to obtaining written approval. Expenditures that are not in line with the most recently approved budget will be disallowed. If you change original signing officials, you must submit a new signature page. Except where prohibited by federal guidelines, subgrants may be awarded an extension of the obligation date in response to a written extension request stating the need for the extension and indicating the additional time required. Extensions require written approval by MBCC. Generally, only one extension per award will be permitted. Requests for retroactive extension of project periods will not be considered. Written requests should be submitted 45 days before the end date of the subgrant award. Extensions will be considered only if the EXTENSION CRITERIA established below is met at the time the request is submitted. MBCC may modify the policy at its discretion. Ideas Agency submits quarterly reports online by due date Once the Board makes the final decision on the applications; a letter, award notice, and special conditions are sent for signatures. The grant award acts as an official contract with MBCC and the budget on the award is the approved budget. Please review the special conditions carefully. Your system must be able to record and report on the following:
Transcript: *EXCHANGE ADMIN FEE fee in favour of the exchange administration which is given by MC All LCs and Extensions should pay 20% of every exchange If the LCs and Extentions 50% Fee is refunded achive exchange realization goal Finances shall be allocated based on LCs monthly to each LC every month budget. Events management 70% of the MCs operational management cost is equally divided among the member LCs. The figures are calculated from the MC annual budget. LCs shall pay their liabilities within the quarter. Any payable amount at the end of the quarter will be added to the next quarter as a debt. LC PROJECTS AND EVENTS 2.Revenue fund - to cover up any shortage of the management expense of AIESEC in Sri Lanka Advance payment must pay and the deposit slip should forward to LCVP Finance, MCVP Exchange and LCVP Finance REIMBURSEMENTS before 2 months EVENTS MANAGEMENT PETTY CASH REQUEST Maintaining Funds GCDP- LKR 2500 GIP- LKR 5000 Local committee membership fee Internal financial allocation to LCs Reimbursements Maintaining funds Sources of funds REIMBURSEMENT before 1 month Once a matching is done,the balance payment must be informed and; when it is realized the balance payment must be collected. *The balance payment must be collected within a month. *LCVP Finance must issue relevant Documents, - Invoices - Recipts 1. charged from the LCs in favor of the priority services that will be providedby the MC to support the growth of AIESEC in Sri Lanka. 2. calculate based on the planned number of members and planned number of exchanges for the payment quarter before 2 weeks Two types of funds 1.Development fund - to cover up air ticket fee of MCP for IC and IPM -Acquisition of fixed assets for administration -Capacity development of LCs. Events Management AFTER THE MATCHING/REALIZING It was all about the Criteria in Compendium IMPORTANT DETAILS Less than Rs.200,000 -From every exchange debited to AIESEC in Sri Lanka 7% Development Fund 3% Revenue Fund -25% of the surplus of any AIESEC event - If the revenue fund balance exceeds , should be allocated to development fund -If the air ticket fee cannot be covered through TCS Per entity contribution = (Total air ticket fee-TCS Receivable) / (MC + number of LCs) 1. Only permitted only after submission of the relevant documents (receipts). 2. Reimbursement form must apply for financial reimbursements at least within "14 days" after the expense is made. 3. LC reimbursement forms & receipts should be submitted to LC VP Finance & MC reimbursement forms & receipts should be submitted to MC VP Finance. 4. LC reimbursements are allowed only for the expenses which are approved by MC VP Finance from the monthly budget of LCs. Cheers! 1. Reimbursement must request from MCVP Finance within 14 days. 2. Therefore, hand over all reimbursement forms and receipts to LCVP Finance. 3. Then LCVP Finance should submit them to MCVP Finance 4.Reimbursements are allowed only for the expenses which are accepted by the MCVP Finance before 2 months Reimbursement 1. Send all exchange documents including EP AN, TN AN and contract documents to LCVP finance (for the audit purpose) 2. Make sure that members write the TN ID in the Deposit slips (at reference) 3. send all petty cash request before 16th. 4.Request all reimbursement before 14th 5.support the LCVP Finance with the project review NATIONAL SERVICES FEE Affiliation= fee per LC MAKING FORMS AVAILABLE FINANCIAL MANAGEMENT If higher than RS.500,000 before 1 month * LCVP F/MCVP F should approve the budget and get acknowledgment from MCVP F *LCVP F/MCVP F must do the review and must send to MCVP F Local committee membership fee Local committee membership fee Internal financial allocation to LCs Affiliation fee Operational management fee * LCVP F/MCVP F should approve the budget and get acknowledgment from MCVP F *LCVP F/MCVP F must do the review and must send to MCVP F before 3 months 1. LOCAL COMMITTEE MEMBERSHIP FEE OPERATIONAL MANAGEMENT FEE Local committee membership fee Internal financial allocation to LCs Reimbursements Internal financial allocation to LCs Local committee membership fee Internal financial allocation to LCs Reimbursements Maintaining funds Events management National services fee before 2 months Maintaining Funds Events Management If between RS.200,000- 500,000 1. A budget must be prepared for each project and event with the planning procedure. 2. If it is a big project or an event, a separate OCVP Finance can be appointed and he/she should work together with the LCVP FINANCE. 3. LCVP Finance should support with other projects 4. All receipts and financial documents should collect from the beginning 5. Projects and Events should not be implemented until enough sponsorships are raised 6. Following criteria must be followed; If the total cash flow of the event is Reimbursements Maintaining funds Events management Simply, WHAT we have to do * LCVP F/MCVP F should approve the budget and get acknowledgment from MCVP F *LCVP F/MCVP F
Transcript: Budgets/Reporting IRS Form 990: Communicates to public Due 4.5 months after close of FYE Common Problems: Part II, Classification of expenses Part III, What would you say to the press, public, or IRS? Part V, Orgs address CHECK THE MATH (67% had significant math errors) File on time!! (president) Programming Funding Fundraising Investment Endowments For-profit subsidiaries Financing American Red Cross Changing Social, Economic, or Political Conditions 1. Duty of Care: Minutes/document binder Do your homework Actively attend mtgs & engage in discussions Support orgs mission and purpose 2. Loyalty Conflict of interest Competion-Confidentiality-Indemnification 3. Duty of Obedience http://www.istr.org/conferences/dublin/workingpapers/gibelman.pdf Go Red for Women http://www.prweekus.com/nonprofit-campaign-of-the-year-2009/article/123790/ Board & Staff Prudence & Fiduciary Duty American University Controlling Receits/acknowlegements Planning Components Financial Management Accountability Written Policies Separation of Duties Record-Keeping United Way of NY http://www.michigan.gov/ag/0,1607,7-164-17334_18095-45037--,00.html
Transcript: 1. CORE BUSINESS 2. Leading products / services 3. Management leadership style 4. Innovation track record 5. Ability to withstand a recession 6. Profitability ratios 7. Primary financial-based guidelines for investment 2.60 0.41 return on assets ratio operating performance ratio internet search engines 0.06 46.34 FINANCIAL MANAGEMENT return on equity ratio 0.15 price-earnings ratio 0.21 4.16 0.23 dividend payout ratio 8.57 current ratio Microsoft GOOGLE 3.78 advertising services debt ratio Google 9.40 develops manufactures licenses supports software products for computers Bing- search engine 0.18 0.11 1. Low debt 2. High price-earnings ratio 3. Business model 0 Microsoft
Transcript: Example of a Jeopardy Template By: Laken Feeser and Rachel Chapman When creating without a template... http://www.edtechnetwork.com/powerpoint.html https://www.thebalance.com/free-family-feud-powerpoint-templates-1358184 Example of a Deal or No Deal Template PowerPoint Game Templates There are free templates for games such as jeopardy, wheel of fortune, and cash cab that can be downloaded online. However, some templates may cost more money depending on the complexity of the game. Classroom Games that Make Test Review and Memorization Fun! (n.d.). Retrieved February 17, 2017, from http://people.uncw.edu/ertzbergerj/msgames.htm Fisher, S. (n.d.). Customize a PowerPoint Game for Your Class with These Free Templates. Retrieved February 17, 2017, from https://www.thebalance.com/free-powerpoint-games-for-teachers-1358169 1. Users will begin with a lot of slides all with the same basic graphic design. 2. The, decide and create a series of questions that are to be asked during the game. 3. By hyper linking certain answers to different slides, the game jumps from slide to slide while playing the game. 4. This kind of setup is normally seen as a simple quiz show game. Example of a Wheel of Fortune Template https://www.teacherspayteachers.com/Product/Wheel-of-Riches-PowerPoint-Template-Plays-Just-Like-Wheel-of-Fortune-383606 Games can be made in order to make a fun and easy way to learn. Popular game templates include: Family Feud Millionaire Jeopardy and other quiz shows. http://www.free-power-point-templates.com/deal-powerpoint-template/ Quick video on template "Millionaire" PowerPoint Games Some games are easier to make compared to others If users are unsure whether or not downloading certain templates is safe, you can actually make your own game by just simply using PowerPoint. add logo here References Example of a Family Feud Template PowerPoint Games are a great way to introduce new concepts and ideas You can create a fun, competitive atmosphere with the use of different templates You can change and rearrange information to correlate with the topic or idea being discussed. Great with students, workers, family, etc. For example: With games like Jeopardy and Family Feud, players can pick practically any answers. The person who is running the game will have to have all of the answers in order to determine if players are correct or not. However, with a game like Who Wants to be a Millionaire, the players only have a choice between answers, A, B, C, or D. Therefore, when the player decides their answer, the person running the game clicks it, and the game will tell them whether they are right or wrong.
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