CHILD FOUNDATION FINANCIAL STATEMENTS YeJinElias52
CHILD FOUNDATION
FINANCIAL STATEMENTS
Year Ended May 31, 2020
with
Independent Auditors’ Report
CHILD FOUNDATION
Table of Contents
Page
Independent Auditors’ Report 1
Financial Statements
Statement of Financial Position 3
Statement of Activities 4
Statement of Functional Expenses 5
Statement of Cash Flows 6
Notes to Financial Statements 7
- 1 -
Independent Auditors’ Report
The Board of Directors
Child Foundation
Report on the Financial Statements
We have audited the accompanying financial statements of Child Foundation (the Organization), which
comprise the statement of financial position as of May 31, 2020, and the related statements of activities,
functional expenses, and cash flows for the year then ended, and the related notes to the financial
statements.
Management’s Responsibility for the Financial Statements
Management is responsible for the preparation and fair presentation of these financial statements in
accordance with accounting principles generally accepted in the United States of America; this includes
the design, implementation, and maintenance of internal control relevant to the preparation and fair
presentation of financial statements that are free from material misstatement, whether due to fraud or
error.
Auditors’ Responsibility
Our responsibility is to express an opinion on these financial statements based on our audit. We
conducted our audit in accordance with auditing standards generally accepted in the United States of
America. Those standards require that we plan and perform the audit to obtain reasonable assurance
about whether the financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclosures in
the financial statements. The procedures selected depend on the auditors’ judgment, including the
assessment of the risks of material misstatement of the financial statements, whether due to fraud or error.
In making those risk assessments, the auditor considers internal control relevant to the entity’s preparation
and fair presentation of the financial statements in order to design audit procedures that are appropriate in
the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the entity’s
internal control. Accordingly, we express no such opinion. An audit also includes evaluating the
appropriateness of accounting policies used and the reasonableness of significant accounting estimates
made by management, as well as evaluating the overall presentation of the financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for
our audit opinion.
- 2 -
Opinion
In our opinion, the financial statements referred to above present fairly, in all material respects, the
financial position of Child Foundation as of May 31, 202 ...
Summary Annual ReportOctober 2018Summary of Buller Distr.docxdeanmtaylor1545
Summary Annual Report
October 2018
Summary of Buller District Council’s achievements for 2017/2018
Annual Repor t
Summar y for 2017/2018
Garry Howard
Mayor
Financial Highlights
Council’s total operating revenue was $23.5m, which was in line
with the budget, and total operating expenditure was $26.4m which
exceeded budget by $3.3m.
Total operating revenue was in line with predictions. Subsidies and grants income were
greater than anticipated due to unbudgeted grants from Development West Coast (DWC)
for district economic initiatives. This was offset by Investment income that was less than
budgeted due to a smaller distribution from Buller Holdings Limited due to the operating
and cessation costs of Westport Harbour Limited being absorbed into the Holdings group.
Total operating expenditure was over budget for the year. This was impacted by
significant non cash entries of over $1.5m relating to the market interest rate movement
effect on Councils fixed interest debt, asset write-offs and depreciation movements
resulting from asset revaluations. In addition there were distributions of unbudgeted
grants from DWC of over $0.5m.
Total Comprehensive Revenue and Expense includes an increment for revaluation of
Council infrastructure assets. This was carried out at the start of the 2017/2018 year and
added significantly to Councils closing equity balances.
Overall Buller District Council has a $3m deficit compared to a predicted surplus in the
2017/2018 Annual Plan of $386,000.
What is Council’s
debt situation?
Net debt (debt less term deposits) was $11.4m
at balance date. The 2017/2018 Annual Plan
budget estimated that net debt would be
$14.3m for this period.
The lower net debt levels are due to projects funded by
external debt that have not yet been completed, including
capital expenditure for Westport water of $2.4m. The district
revitalisation projects were funded by internal instead of
external debt.
Keith Marshall
Chief Executive Officer
Message from the Mayor & Chief Executive
This 2017/2018 Buller District Council Summary annual report describes how Buller District Council and the Group has performed
over the past year, what Council has done well, what needs more work and the challenges Council has met along the way.
The full annual report includes our financial performance and position, our non-financial performance including mandatory key performance indicators for
significant infrastructure areas, and highlights for the year providing much greater detail. A full copy of the Annual Report is available on our website and
from Council offices.
2017/2018 has been a tough year for the Buller District Council, the departure of the previous Chief Executive and the various water infrastructure issues that
all seemed to come along at once was in no way assisted by not just one, but two, major storm events that caused a huge impact across the district. The
effect of the storms is especially reflecte.
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Russian anarchist and anti-war movement in the third year of full-scale warAntti Rautiainen
Anarchist group ANA Regensburg hosted my online-presentation on 16th of May 2024, in which I discussed tactics of anti-war activism in Russia, and reasons why the anti-war movement has not been able to make an impact to change the course of events yet. Cases of anarchists repressed for anti-war activities are presented, as well as strategies of support for political prisoners, and modest successes in supporting their struggles.
Thumbnail picture is by MediaZona, you may read their report on anti-war arson attacks in Russia here: https://en.zona.media/article/2022/10/13/burn-map
Links:
Autonomous Action
http://Avtonom.org
Anarchist Black Cross Moscow
http://Avtonom.org/abc
Solidarity Zone
https://t.me/solidarity_zone
Memorial
https://memopzk.org/, https://t.me/pzk_memorial
OVD-Info
https://en.ovdinfo.org/antiwar-ovd-info-guide
RosUznik
https://rosuznik.org/
Uznik Online
http://uznikonline.tilda.ws/
Russian Reader
https://therussianreader.com/
ABC Irkutsk
https://abc38.noblogs.org/
Send mail to prisoners from abroad:
http://Prisonmail.online
YouTube: https://youtu.be/c5nSOdU48O8
Spotify: https://podcasters.spotify.com/pod/show/libertarianlifecoach/episodes/Russian-anarchist-and-anti-war-movement-in-the-third-year-of-full-scale-war-e2k8ai4
This session provides a comprehensive overview of the latest updates to the Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly known as the Uniform Guidance) outlined in the 2 CFR 200.
With a focus on the 2024 revisions issued by the Office of Management and Budget (OMB), participants will gain insight into the key changes affecting federal grant recipients. The session will delve into critical regulatory updates, providing attendees with the knowledge and tools necessary to navigate and comply with the evolving landscape of federal grant management.
Learning Objectives:
- Understand the rationale behind the 2024 updates to the Uniform Guidance outlined in 2 CFR 200, and their implications for federal grant recipients.
- Identify the key changes and revisions introduced by the Office of Management and Budget (OMB) in the 2024 edition of 2 CFR 200.
- Gain proficiency in applying the updated regulations to ensure compliance with federal grant requirements and avoid potential audit findings.
- Develop strategies for effectively implementing the new guidelines within the grant management processes of their respective organizations, fostering efficiency and accountability in federal grant administration.
Presentation by Jared Jageler, David Adler, Noelia Duchovny, and Evan Herrnstadt, analysts in CBO’s Microeconomic Studies and Health Analysis Divisions, at the Association of Environmental and Resource Economists Summer Conference.
ZGB - The Role of Generative AI in Government transformation.pdfSaeed Al Dhaheri
This keynote was presented during the the 7th edition of the UAE Hackathon 2024. It highlights the role of AI and Generative AI in addressing government transformation to achieve zero government bureaucracy
Jennifer Schaus and Associates hosts a complimentary webinar series on The FAR in 2024. Join the webinars on Wednesdays and Fridays at noon, eastern.
Recordings are on YouTube and the company website.
https://www.youtube.com/@jenniferschaus/videos
Many ways to support street children.pptxSERUDS INDIA
By raising awareness, providing support, advocating for change, and offering assistance to children in need, individuals can play a crucial role in improving the lives of street children and helping them realize their full potential
Donate Us
https://serudsindia.org/how-individuals-can-support-street-children-in-india/
#donatefororphan, #donateforhomelesschildren, #childeducation, #ngochildeducation, #donateforeducation, #donationforchildeducation, #sponsorforpoorchild, #sponsororphanage #sponsororphanchild, #donation, #education, #charity, #educationforchild, #seruds, #kurnool, #joyhome
2. Special
Council
Meetings
Council Strategic
Planning Meeting
Budget & Finance
Committee
Meetings
Tax Office
No New
Revenue and
Voter Approval
Rate Provided to
City
Council
Meeting
Proposed Ad
Valorem Tax
Rate and
Budget Public
Hearings
Council
Meeting
FY21 Budget
Adoption
FY21 Tax Rate
Adoption
2
August
27th
August
13th
Aug 7thJuly 27th
thru July
29th
February
/ March /
April /
May
BUDGET DEVELOPMENT CALENDAR
Budget
Workshops
3. NET BUDGET SUMMARY
3
FY21 Approved Net Budget Summary
Fund Type
FY 21 Approved
Net Budget
Governmental Funds $ 100,582,186
Enterprise Funds 145,197,590
Special Revenue Funds 18,974,756
Subtotal O&M $ 264,754,532
Cash used for Capital Projects 16,870,000
Capital Projects 29,871,652
Subtotal Capital $ 46,741,652
Total Net Budget $ 311,496,184
4. 4
BUDGET ADOPTION
Two Required Actions
• Budget Ordinance Adoption
• Ratify property tax revenue
increase included in the
Budget
Required wording for adoption is
at your place
