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2008 budget presentation ucan

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  • 1. Uhlich Children’sAdvantage Network FY 2008 Budget Overview Prepared by: Reginald Walker Chief Financial Officer June 11, 2007
  • 2. Revenue Overview
  • 3. Change in Program Revenue2008 Budget vs. 2007 ForecastResidential 2,032,524 49.50% Residential 1% Foster Parenting 3% 3% 2% 2% Teen Transitional ServicesFoster Parenting 742,761 18.09% 21% 50% Education CounselingTeen Transitional Services 856,916 20.87% Family Based U-Lead 18%Education 122,800 2.99% Flexible Use FundsCounseling 139,784 3.40% • Residential rate increased from $271 - $310 • Average Residential census increased from 44 to 59Family Based 90,285 2.20% • Increased census in Traditional HMR Foster Parenting with partially offsetting reductions in Spec and AdolescentU-Lead 64,182 1.56% programs • Expanded capacity in the TTS program with the opening ofFlexible Use Funds 56,500 1.38% the Keystone property in addition to a 17% rate increase • Counseling Services expects increased opportunities from partnerships with the Juvenile Courts and the Children’s Advocacy Center.Total Revenue increases 4,105,752 • Education expects a 2% rate increase. •Family Based programs, U-Lead and Flexible Use Funds all have very moderate to no expected gains.
  • 4. Change in Program Revenue2008 Budget vs. 2007 ForecastTeen Parenting (316,731) 30.50% 9% 31% Teen ParentingCHA Housing (624,858) 60.18% CHA Housing Prevention/OtherPrevention/Other (96,736) 9.32% 60% • The decline in CHA Housing revenue is the result ofTotal Revenue decreases (1,038,325) across the board declines in Service Connector contracts and a 60% reduction in relocation revenue to $475,000 • Teen Parenting continues to have declining census • Conservative revenue estimates are budgeted for Prevention/Other Category. These are composed of Parents Anonymous, Office of Mission and Spiritual Care and HomeworkNet Revenue Change 3,067,427
  • 5. Other Income and SupportNet Unrestricted Foundation Net UnrestrictedGrants 184,854 Foundation Grants TrustsTrusts 618,923 8% 32% Miscellaneous Contracts 25%Miscellaneous Contracts 90,000Foundation Grants 363,500 Foundation Grants 4%Board Restricted Investments 383,116 Board Restricted 16% 15% InvestmentsState Appropriated Grants 800,000 State Appropriated GrantsNon Fee for Service 2,440,393 • Conservative estimate in unrestricted grants in 2008. Many grants anticipated in 2007 did not materialize • Trust income is based on 5% total return model • MIS costs are partially offset by the acquisition of an external consultancy contract • Current budget contemplates a 2% reduction in allowable spending of investment income • State Appropriations are conservatively estimated due to many unknowns regarding the state finances
  • 6. Operating Expenses
  • 7. Expense Reductions 1% 2% 6%CHA Housing (831,805) 15% CHA Housing 48% Residential Teen Parenting Family BasedResidential (492,449) Counseling Prevention/Other 28%Teen Parenting (264,937) • Reductions in the CHA Housing program a reflected in the Service Connector program where CDHS announced a program contractionFamily Based (106,246) in January 2007. Also as more and more residents are place in alternative housing we anticipate fewer cases in the relocation project.Counseling (26,537) • High fixed cost in the Residential program limit immediate cost reductions in the program but under Dr. Guidis leadership, we anticipate generating increased efficiencies reflected in reducedPrevention/Other (24,570) overtime, food and turnover. • Reduced census in the Teen Parenting program will call for reduced pass-through cost and a generally smaller programTotal Expense Reductions (1,746,544) • Family Based programs will achieve greater productivity from existing headcount and will benefit from intense monitoring from Finance
  • 8. Expense Increases 1% 3%Teen Transitional Services 868,619 Teen Transitional Services 10% Foster ParentingFoster Parenting 363,919 Education U-Lead 25% 61%Education 150,195 Flexible Use FundsU-Lead 48,995 • Cost will increase in Transitional Teen Services due to the expanded capacity brought by opening 2153 NFlexible Use Funds 17,547 Keystone • Higher caseload from former Catholic Charity clientsTotal Expense Increases 1,449,275 will call for increased headcount. Close fiscal monitoring will be focused on cost control. • Education cost increases are primarily inflationaryNet Expense Change (297,269)
  • 9. Other Expenses andManagement Overhead Significant reduction in M&G due to reduction in outside help, search fees and headcount The sale of Jefferson will reduce depreciation cost, but the establishment of the Damen rental will offset these savings 2% increase projected for salary increases (leading and impacting only) 1% 401(k) contribution (increase tied to budget performance) 0% increase projected for VP staff
  • 10. Risks Inability to make census target (5% shortfall approximates $350,000 in revenue State/Federal appropriations for child welfare programs fall victim to other priorities (fully funding state pension, lack business tax revenue, defense spending etc.) Expense creep in smaller programs such as Counseling and Family Based
  • 11. ?