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  1. 1. Senior Leadership Team Discussion Points June 2009 FY 10 Contractions
  2. 2. Factors Impacting FY 10 Budget <ul><li>Foundation Funding Continues to Decline </li></ul><ul><li>Inwood House’s budget is comprised of approximately 60% government revenues and </li></ul><ul><li>40% foundation and private revenue. </li></ul><ul><li>Projected Foundation grants are down by 35% this year; projected government revenue is down by 24%. </li></ul><ul><li>Cash Flow for Payroll Is Severely Strained </li></ul><ul><ul><li>Most government contracts have a delay of about 4 months before money flows but this year it has been longer. We do not expect that to get better soon. </li></ul></ul>
  3. 3. Factors Impacting FY 10 Budget <ul><li>Maternity Residence Census Is Down </li></ul><ul><li>Census is down 50% due to new policies in child welfare which create penalties for referrals to residential care; the new RFP will make this policy permanent </li></ul><ul><li>2. Inwood House raises private funds and has expanded to take runaway and homeless youth, but this does not cover all costs. Staff must make very effort to facilitate the acceptance of referrals from ACS. </li></ul><ul><li>3. We are pursuing other revenue streams including state juvenile justice funds and Department of Homeless Services funds. These efforts are underway but they will take time. There are no immediate fixes on the horizon . </li></ul>
  4. 4. Factors Impacting FY 10 Budget <ul><li>Banks are Nervous and Tightening Up Credit </li></ul><ul><li>Our bank (TD Bank) is following this policy. </li></ul><ul><li>This is happening to all businesses and nonprofits. </li></ul>
  5. 5. Revenue Estimates for FY 10 Budget Must be Conservative <ul><li>We are projecting a census of 15 girls at Teen Family Learning Center Residence – our big cost center – as this has been our steady capacity for months. </li></ul><ul><li>Foundation funding is estimated a about 30% less than last year’s budget, as Foundation funds continue to be reduced by down economy </li></ul>
  6. 6. Required Reductions <ul><li>Initial Reductions 12/08-2/09 </li></ul><ul><li>Transfer DYCD funded after school programs to other agencies </li></ul><ul><li>Closed Queens Foster Care Office Site </li></ul><ul><li>Closed Bronx Teen Family Services (TASA) case management program </li></ul><ul><li>Staff reduced by 13 positions </li></ul><ul><li>Total Reductions = $1,444,820 </li></ul><ul><li>Proposed FY 10 Reductions </li></ul><ul><li>Close Jerome Avenue office for after school program staff </li></ul><ul><li>Close 26 th street office: relocate Staff to Bronx Cortland office and 82 nd St) </li></ul><ul><li>Reduce staff by 20 additional positions (25% of F/T staff) </li></ul><ul><li>Put 15 staff on 1-day/week furloughs </li></ul><ul><li>Freeze Pension Plan at current support; will look for new combined match plan </li></ul><ul><li>Total Reductions = $1,328,650 </li></ul>
  7. 7. New Funding Opportunities Agency is being pro-active <ul><li>Large State grant pending for center-based pregnancy prevention programming at Bronx Cortland site </li></ul><ul><li>Early HeadStart invited IH proposal for Continuum of Care support </li></ul><ul><li>New York Community Trust invited an IH proposal for a new project that would help support the Continuum of Care </li></ul><ul><li>New and expanded Board initiatives to expand funding at limited cost – additional events, introduce new supporters to IH </li></ul>
  8. 8. Department Impact <ul><li>Staff Reductions </li></ul><ul><li>-- positions were chosen for elimination due to funding </li></ul><ul><li> (individuals were not personally targeted) </li></ul><ul><li>-- many non-profit and for-profit organizations have been using furloughs since early last year </li></ul><ul><li>Timing for departure/reduction </li></ul><ul><li>Plan so that youth are not affected </li></ul><ul><li>HR Support </li></ul><ul><li>-- connections to unemployment </li></ul><ul><li>-- partial unemployment payment for furloughs </li></ul><ul><li>-- cobra coverage </li></ul>
  9. 9. Department Impact: Be pro-active <ul><li>Identify </li></ul><ul><li>Top 3 priorities for dept. </li></ul><ul><li>1 activity/service dept. could give up </li></ul><ul><li>3 obstacles to implementing job </li></ul><ul><li>How dept. could utilize moderately skilled volunteers </li></ul><ul><li>How dept. could utilize highly skilled volunteers </li></ul>