Balance Sheet for year-end 12/31/2016

ASSETS

Cash $14,500
Accounts Receivable $2,700
Secured Grant Funding for 2017 $308,200
Property and Equipment $139,570

TOTAL ASSETS $464,970

LIABILITIES

Vehicle Loan 2015 balance $42,150

Vehicle Loan 2016 balance $66,160
Accounts Payable $12,300
Obligated grant expenditures for 2017 $308,200

TOTAL LIABILITIES $428,810

EQUITY

TOTAL EQUITY $36,160

2016 Budget Summary 2016 Approved Budget 2016 Actual Budget % fo Approved Budget

Total Revenue $ 681,000 $ 653,750 96%

Total Expenses $ 676,210 $ 648,625 96%

Total Capital $ 99,200 $ 99,000 99.8%

2016 Revenue

Object Class Account Name Approved Budget

10-0000 FUNDRAISING REVENUE
10-100 Promotions/Sponsorships $ 25,000
10-200 Donations $ 10,000
10-300 Fundraising Events $ 50,000
10-400 Memberships $ 12,000
20-000 GRANT REVENUE
20-100 The Children's Guild Foundation $ 103,800
20-200 Explore Grant $ 28,600
20-300 Department of Social Services Project $ 70,800
20-400 Community Foundation $ 27,750
20-500 Outdoor Recreation and Community Access Grant $ 49,500
20-600 Family Foundation Grant $ 41,550

30-000 ROCK CLIMBING PROGRAM REVENUE

30-100 Elementary School Program $ 28,000
30-200 U.S. Paralympics Program $ 92,000
30-300 Private Groups $ 55,000

40-000 SKIING PROGRAM REVENUE

40-100 Elementary School Program $ 22,000
40-200 SLCo Parks and Recreation $ 25,000
40-300 Private Groups $ 40,000

TOTAL REVENUE $ 681,000

 Actuals 12/31/16 % of Approved Budget

$ 19,000 76.00%
$ 11,500 115.00%
$ 48,250 96.50%
$ 9,500 79.17%

$ 103,800 100.00%
$ 28,600 100.00%
$ 70,800 100.00%
$ 27,750 100.00%
$ 49,500 100.00%
$ 41,550 100.00%

$ 23,000 82.14%
$ 89,000 96.74%
$ 57,000 103.64%

$ 18,000 81.82%
$ 24,500 98.00%
$ 32,000 80.00%

$ 653,750 96.00%
2016 Expenses

Object Account Name Approved Budget

Class

PERSONNEL EXPENSES

1000 SALARIES AND WAGES

1110 FT Executive Director salary $ 53,250
1120 FT Climbing Program Coordinator salary $ 38,000
1130 FT Skiing Program Coordinator salary $ 38,000
1150 FT Development Director salary $ 40,000
1160 FT Office Manager salary $ 35,000
1170 PT Office Assistant salary $ 20,000
1180 PT Activity Leader wages $ 17,500
1200 PT Bus Drivers $ 10,000
1300 Internship stipends $ 2,500
1400 Bonuses $ 2,500

1800 FT Benefits (50% of Salary) $ 102,125

1820 PT Benefits (20% of wages, stipends, bonuses) $ 10,500

TOTAL PERSONNEL EXPENSES $ 369,375

OPERATING EXPENSES

2000 SERVICES
2110 Postage $ 4,350
2120 Telephone $ 12,155
2310 Printing $ 19,530
2340 Public Relations / Community Events $ 11,850
2380 Publications / Advertising $ 5,000
2400 Utilities $ 17,815
2500 Vehicle Repairs and Maintenance $ 10,370
2600 Consultants $ 16,865

3000 SUPPLIES
3110 Office Supplies $ 19,155
3130 Fuel Expense $ 48,825
3180 Program Supplies $ 9,880

4000 OTHER EXPENSES

4110 Office / Warehouse Rent $ 29,820
4120 Equipment Rental $ 13,870
4250 Liability Insurance $ 9,185
4300 Training / Certifications $ 4,180
4400 Subscriptions / Memberships $ 190
4500 Misc Fees and Charges $ 9,275
 6000 DEBT PAYMENTS
6310 Vehicle loan payments – 2015 Van $ 14,050
6320 Vehicle loan payments – 2016 Van $ 16,540

TOTAL OPERATING EXPENSES $ 272,905

DEPRECIATION EXPENSES
8000
8120 Furniture and Equipment Depreciation Expense $ 8,960
8160 Motor Vehicles Depreciation Expense $ 24,970

TOTAL DEPRECIATION EXPENSES $ 33,930

TOTAL EXPENSES $ 676,210

NET INCOME: (profit or loss)

Actuals 12/31/16 % of Approved Budget

$ 53,250 100%
$ 38,000 100%
$ 38,000 100%
$ 40,000 100%
$ 35,000 100%
$ 20,000 100%
$ 15,200 87%
$ 8,000 80%
$ 2,500 100%
$ 2,300 92%

$ 102,125
$ 9,600

$ 363,975

$ 2,250 52%
$ 12,320 101%
$ 14,800 76%
$ 11,600 98%
$ 4,970 99%
$ 17,810 100%
$ 6,750 65%
$ 13,400 79%

$ 17,350 91%
$ 49,125 101%
$ 8,275 84%

$ 29,820 100%
$ 13,000 94%
$ 9,185 100%
$ 2,500 60%
$ 175 92%
$ 6,800 73%
$ 14,050 100%
$ 16,540 100%

$ 250,720 92%

$ 8,960 100%
$ 24,970 100%

$ 33,930 100%

$ 648,625 96%

$ 5,125 $ 5,125
2016 CAPITAL BUDGET

9000
9300

9500

TOTAL CAPITAL EXPENSES

DEPRECIATION SCHEDULE

Furniture and Equipment

Description

2014 Office Furniture

2014 Ski Equipment
2015 Climbing Equipment
2016 Adaptive Ski Equipment

Vehicles

Vehicle
2015 Van
2016 Van
 2016 Approved 2016 Actual % of Approved
Vehicle Purchase – 2016 Van 82,700 82,700 100%
Source of funds: Credit Union Vehicle Loan
Adaptive Ski Equipment Purchase 16,500 16,300 98.8%
Source of funds: Children’s Guild Foundation

$ 99,200 $ 99,000 99.8%

Straight-line depreciation with 5-year useful life

Annual
Starting Value Depreciation
amount
$12,500 $2,500
$10,000 $2,000
$6,000 $1,200
$16,300 $3,260

Declining balance depreciation expense projection

Year 1 Year 2 Year 3

Starting Value
20% 15% 15%
$70,250 $14,050 $8,430 $7,166
$82,700 $16,540 $9,924 $8,435
Year 4 Year 5
Salvage Value
10% 10%
$4,061 $3,654 $32,890
$4,780 $4,302 $38,718
2017 Budget Summary 2016 Actual Budget 2017 Approved Budget % fo Approved Budget

Total Revenue $ 681,000 $ 660,250 101%

Total Expenses $ 676,210 $ 714,936 110%

Total Capital $ 99,200 $ 98,000 99.0%

2017 Revenue

Object Class Account Name Actuals 12/31/16

10-0000 FUNDRAISING REVENUE
10-100 Promotions/Sponsorships $ 19,000
10-200 Donations $ 11,500
10-300 Fundraising Events $ 48,250
10-400 Memberships $ 9,500
20-000 GRANT REVENUE
20-100 The Children's Guild Foundation $ 103,800
20-200 Explore Grant $ 28,600
20-300 Department of Social Services Project $ 70,800
20-400 Community Foundation $ 27,750
20-500 Outdoor Recreation and Community Access Grant $ 49,500
20-600 Family Foundation Grant $ 41,550

30-000 ROCK CLIMBING PROGRAM REVENUE

30-100 Elementary School Program $ 23,000
30-200 U.S. Paralympics Program $ 89,000
30-300 Private Groups $ 57,000

40-000 SKIING PROGRAM REVENUE

40-100 Elementary School Program $ 18,000
40-200 SLCo Parks and Recreation $ 24,500
40-300 Private Groups $ 32,000

50-000 BIKING PROGRAM REVENUE

50-100 Elementary School Program
50-200 SLCo Parks and Recreation
50-300 Private Groups

TOTAL REVENUE $ 653,750

Approved Budget 2017 % Change in Budget

$20,000 105%
$12,400 108%
$52,000 108%
$10,150 107%

$90,000 87%
$28,600 100%
$70,800 100%
$27,750 100%
$49,500 100%
$41,550 100%

$24,500 107%
$94,000 106%
$59,000 104%

$19,000 106%
$26,000 106%
$35,000 109%

$18,000
$20,000
$22,000

$660,250 101%
2017 Expenses

Object Account Name

Class

PERSONNEL EXPENSES

1000 SALARIES AND WAGES

1110 FT Executive Director salary
1120 FT Climbing Program Coordinator salary
1130 FT Skiing Program Coordinator salary
1150 FT Development Director salary
1160 FT Office Manager salary
1190 FT Biking Program Coordinator Salary
1170 PT Office Assistant salary
1180 PT Activity Leader wages
1200 PT Bus Drivers
1300 Internship stipends
1400 Bonuses

1800 FT Benefits (50% of Salary)

1820 PT Benefits (20% of wages, stipends, bonuses)

TOTAL PERSONNEL EXPENSES

OPERATING EXPENSES

2000 SERVICES
2110 Postage
2120 Telephone
2310 Printing
2340 Public Relations / Community Events
2380 Publications / Advertising
2400 Utilities
2500 Vehicle Repairs and Maintenance
2600 Consultants

3000 SUPPLIES
3110 Office Supplies
3130 Fuel Expense
3180 Program Supplies

4000 OTHER EXPENSES

4110 Office / Warehouse Rent
4120 Equipment Rental
4250 Liability Insurance
 4300 Training / Certifications
4400 Subscriptions / Memberships
4500 Misc Fees and Charges

6000 DEBT PAYMENTS

6310 Vehicle loan payments – 2015 Van
6320 Vehicle loan payments – 2016 Van
6330 Vehicle loan payments – 2017 Van

TOTAL OPERATING EXPENSES

DEPRECIATION EXPENSES
8000
8120 Furniture and Equipment Depreciation Expense
8160 Motor Vehicles Depreciation Expense

TOTAL DEPRECIATION EXPENSES

TOTAL EXPENSES

NET INCOME: (profit or loss)

Actuals 12/31/16 Approved Budget 2017 % of Approved Budget

$ 53,250 $ 54,846 103%

$ 38,000 $ 39,140 103%
$ 38,000 $ 39,140 103%
$ 40,000 $ 41,200 103%
$ 35,000 $ 36,050 103%
$ 30,000
$ 20,000 $ 20,600 103%
$ 15,200 $ 15,656 103%
$ 8,000 $ 12,360 155%
$ 2,500 $ 2,575 103%
$ 2,300 $ 2,369 103%

$ 102,125 $ 120,188 118%

$ 9,600 $ 10,712 112%

$ 363,975 $ 424,836 117%

$ 2,250 $ 800 36%

$ 12,320 $ 12,320 100%
$ 14,800 $ - 0%
$ 11,600 $ 11,600 100%
$ 4,970 $ 2,485 50%
$ 17,810 $ 8,820 50%
$ 6,750 $ 7,000 104%
$ 13,400 $ 8,000 60%

$ 17,350 $ 7,000 40%

$ 49,125 $ 90,000 183%
$ 8,275 $ 4,100 50%

$ 29,820 $ 15,000 50%

$ 13,000 $ 10,000 77%
$ 9,185 $ 10,685 116%
$ 2,500 $ 2,500 100%
$ 175 $ - 0%
$ 6,800 $ 6,800 100%

$ 14,050 $ 14,050 100%

$ 16,540 $ 16,540 100%
$ 16,750

$ 250,720 $ 244,450 97%

$ 8,960 $ 11,810 132%

$ 24,970 $ 33,840 136%

$ 33,930 $ 45,650 135%

$ 648,625 $ 714,936 110%

$ 5,125 $ (54,686) -1067%

 Justification for Change

Increase in Salary
Increase in Salary
Increase in Salary
Increase in Salary
Increase in Salary
New Program Coordinator Salary
Increase in Salary
Increase in Salary
Increase in Salary
Increase in Salary
Increase in Salary

Increase in Salary/New Emp

Increase in Salary

Increase in Salary

No Paper Initiative

No Paper Initiative

No Paper Initiative
Consolidation of workspaces
Additional Vehicle
Hire Less consultants

No Paper Initiative
Additional Vehicle
No Paper Initiative

Consolidation of workspaces
Rent Less Equipment
Additional Vehicle
Suspend Subscriptions
2017 CAPITAL BUDGET

9000
9300 Vehicle Purchase – 2017 Van
Source of funds: Credit Union Vehicle Loan
9500 Adaptive Bike Equipment Purchase
Source of funds: Children’s Guild Foundation

TOTAL CAPITAL EXPENSES

DEPRECIATION SCHEDULE

Furniture and Equipment Straight-line depreciation with 5-year useful life

Description Starting Value

2014 Office Furniture $12,500

2014 Ski Equipment $10,000
2015 Climbing Equipment $6,000
2016 Adaptive Ski Equipment $16,300
2017 Adaptive Bike Equipment $14,250

Vehicles Declining balance depreciation expense projection

Vehicle Starting Value

2015 Van $70,250

2016 Van $82,700
2017 Van $83,750
2016 Actual 2017 Approved % of Approved
82,700 83,750 101%

16,300 14,250 87.4%

$ 99,000 $ 98,000 99.0%

Annual
Depreciation
amount
$2,500
$2,000
$1,200
$3,260
$2,850

Year 1 Year 2 Year 3 Year 4 Year 5 Salvage Value

20% 15% 15% 10% 10%
$14,050 $8,430 $7,166 $4,061 $3,654 $32,890
$16,540 $9,924 $8,435 $4,780 $4,302 $38,718
$16,750 $10,050 $8,543 $4,841 $4,357 $39,210