2012 summit community_funding_v05-final

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Presents overviews of STC community funding methodology.

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2012 summit community_funding_v05-final

  1. 1. Proposed Community Funding ModelsHillary Hart and Aiessa Moyna 1
  2. 2. Facts A portion of the overall Society budget goes to support communities  $314,857 in 2011 (about 10% of total expenses) Chapter and SIG membership dues do not come close to covering cost of supporting communities:  Leadership webinars, iMIS and membership database, community-relations staff, But the current funding model does not seem to be working, or rather it’s not working fast enough 2
  3. 3. Communities Are Feeling Pain 2011 2012Budgets Submitted 65/126 63/107Communities Funded 45 33Total Funding $70,000 $42,000% of Total Dues 4.51% 4.24% 3
  4. 4. We Want Your Input During today’s Leadership Program Throughout the Summit STC Central on Tuesday at 3:40 p.m. Once you’ve returned home 4
  5. 5. Community Funding Models 5
  6. 6. Guiding Principles Is easy to understand, explain Is predictable and reliable Can be applied consistently Encourages increased membership Encourages sound financial management  Diversifying revenue streams  Spending community funds on programs/services that benefit membership broadly  Rebuilding/maintaining reserves Discourages unhealthy financial practices  Relying on one or two sources of revenue  Spending community funds on programs/services that benefit a small number of members  Spending down reserves 6
  7. 7. Funding Option 1: Reserves Target  Chapters and SIGs must submit budgets to be considered for community funding  Beginning bank balance, projected income and projected expenses are used to calculate reserves at year end  Communities at/above the reserves target (% of annual operating expenses) are ineligible for funding  Communities below the reserves target are eligible for funding up to a fixed amount per member13-Jun-12 7
  8. 8. Funding Option 2: Partial Pass-through  Chapters and SIGs must submit budgets to be considered for community funding  Community receives a fixed funding amount per member (% of community membership fee), regardless of projected income/expenses and reserves13-Jun-12 8
  9. 9. Funding Option 3: Flat Funding  Chapters and SIGs must submit budgets to be considered for community funding  Communities receive a flat funding amount based on community type (not based on number of members or community membership fee)  Beginning bank balance, projected income and projected expenses are used to calculate reserves at year end  Communities below the reserves target (% of annual operating expenses) are eligible for additional funding up to a fixed amount per member13-Jun-12 9
  10. 10. Funding Option 4: Community Managed  Chapters incorporate independently, then take full responsibility for setting and collecting their own dues at the local level; no funding from the STC office  SIGs must submit budgets to be considered for community funding; receive a fixed funding amount per member13-Jun-12 10
  11. 11. Thank you!

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