Generator Board Update, May 19, 2015
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Financial update and FY16 presentation to the Burlington Generator Board of Directors.
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Generator Board Update, May 19, 2015
- 1. GENERATOR INC | BOARD MEETING, MAY 19, 2015 DIRECTOR’S UPDATE Generator Board Meeting May 19, 2015
- 2. GENERATOR INC | BOARD MEETING, MAY 19, 2015 YTD Performance
- 3. GENERATOR INC | BOARD MEETING, MAY 19, 2015 Cash on hand, May 10, 2015 $148,620 March 2015 $104,646 Percentage Change +30%
- 4. GENERATOR INC | BOARD MEETING, MAY 19, 2015 Cash on hand, May 10 2015 $148,620 Outstanding Income, May 10 2015 $0 Income-Expense, May 2015 (est.) $54,330 / $45,000 Income-Expense, March 2015 $10,317 / $23,793
- 5. GENERATOR INC | BOARD MEETING, MAY 19, 2015 Key Changes • New hire • Build-out • Lost education income
- 6. GENERATOR INC | BOARD MEETING, MAY 19, 2015 0 37500 75000 112500 150000 August September October November December January 2015 February March April May Cashflow - August 2014 to May 2015 Income Expense Balance
- 7. GENERATOR INC | BOARD MEETING, MAY 19, 2015 Revised Burn Rate, Remainder FY15 Stretch assumptions to June 30 • $148,620 Cash on hand • ~$10,350 earned income • $1,100 Other income • ~$75,000 expenses 57 percent burn by June 30, 2015, or ~$85,070 in hand July 1, 2015
- 8. GENERATOR INC | BOARD MEETING, MAY 19, 2015 FY16 Budget
- 9. GENERATOR INC | BOARD MEETING, MAY 19, 2015 FY16 Budget Summary • $85,070 in hand July 1, 2015 • $446,400 Total Income • $335,394 Total Expense
- 10. GENERATOR INC | BOARD MEETING, MAY 19, 2015 22% 7% 32% 10% 29% Membership Education Grants Sponsorship Gifts Income Streams
- 11. GENERATOR INC | BOARD MEETING, MAY 19, 2015 7% 7% 9% 11% 66% Wages Operations Contingency Facility Administration Expense Categories
- 12. GENERATOR INC | BOARD MEETING, MAY 19, 2015 Key Assumptions for 2016 • Focus on optimization * Operations * Education * Partnerships * Documentation • Freeze on build outs • FY15 Build-out, equipment reimbursement • Targeted recruitment eg company members • New Programs, Activities * Build Accelerator * Champlain Civic Maker * Marketing
- 13. GENERATOR INC | BOARD MEETING, MAY 19, 2015 THANK YOU Let’s discuss.