REDWOOD COAST SENIORS, INC. Profit & Loss Statement Budget Versus Actual Variance Report For the Nine Months Ended March 31, 2016

Transcription

1 INCOME Grant Income Mendocino Transit Authority $ 112,896 $ 112,896 $ MCDSS Outreach 49,962 50,834 (872) Senior Peer Counseling 23,841 23,841 0 Note Area Agency on Aging 129, ,235 (5,312) The Community Foundation 4,916 4, Total Grant Income 321, ,722 (6,184) Non-Grant Income Adult Day Program 22,670 22, Transportation Fees - MTA 5,860 4, Group Meal Fees 1,540 2,000 (460) Meal Donations Dining Room 42,971 47,700 (4,729) Meal Donations Meals on Wheels 29,182 28, Meal Donations Adult Day Program 3,565 4,050 (485) Gazette 3,084 1,800 1, Sales - The Attic 15,977 19,800 (3,823) Note Rent 7,597 7,820 (223) 5710 Memorials 705 1,575 (870) Note Frederick T. Johnson Scholarship 5, ,000 Note Donations-Cash - Restricted 7,613 4,185 3,428 Note Donations-Cash - Unrestricted 56,058 60,350 (4,292) Note Donations - In-kind 147, ,450 (14,638) 5910 Other 1,446 2,190 (744) Total Non-Grant Income 351, ,170 (19,090) Total Income 672, ,892 (25,274) EXPENSES Staff Expense Staff Wages 287, ,150 3, Payroll Taxes 22,009 22, Benefits 22,611 23,850 1, Employee Drug Testing/Background Check 1, (585) Note Mileage Reimbursement 5,879 4,911 (968) Note Contract Labor 20,550 21,800 1,250 Total Staff Expense 359, ,524 4,649 Page 1 of 5

2 Volunteer Expense Note Volunteer Wages - In Kind 118, ,000 16, Volunteer Mileage Reimbursement 3,621 3,600 (21) Total Volunteer Expense '122, ,600 16,527 Equipment Equipment Maintenance - Buses 2,633 8,550 5, Equipment Maintenance - Kitchen/Admin 1,043 1,050 7 Note ' Equipment Purchases - Buses (570) Total Equipment 4,246 9,600 5,354 Food Costs Note , Raw Food 71,050 66,850 (4,200) Note Raw Food - In-Kind 12,533 11,700 (833) 6620 ' Food Supplies 15,522 13,500 (2,022) Total Food Costs 99,105 92,050 (7,055) Direct Expense 7010 ' Postage - Business Mail 1, (299) Donation Letter Expenses 1,099 3,820 2, ' Telephone & Internet Access 2,420 2,160 (260) Copying/Printing 894 1, Publications - Gazette 1,701 1, ' Dues & Subscriptions (1) 7310' Office Supplies 1,707 1, Note ' Supplies 4,287 3,140 (1,147) Note Advertising 4,756 2,925 (1,831) 7810' Auto - Fuel 6,124 12,600 6, ' Adult Day Program Meals Provided 3,565 4, Note Other 7,032 5,550 (1,482) Note ' Other - In-Kind (The Attic) 16,827 15,750 (1,077) Total Direct Expense 51,787 55,750 3,963 Occupancy 9040 ' Propane 5,015 5, Electricity 1,350 1, ' Water & Sewer 1,350 1, ' Garbage 2,882 2, Note ' Building Repairs and Maintenance 1,914 1,100 (814) Total Occupancy 12,511 11,825 (686) Page 2 of 5

3 Overhead/Other Bank Charges/Payroll Service/Credit Card Fees Licenses/Permits/Filing Fees Liability Insurance Directors & Officers Insurance Workers Comp Insurance 9440 ' Auto Insurance Note Unemployment Insurance Program 3,332 2, ,578 7,577 1,302 1,260 9,894 9,450 5, ,600 3,600 (382) 74 (1) (42) (444) o o Total Overhead 32,002 31,207.>.:..(795) Total Expense 681, ,556 21,957 Net Operating Loss before Depreciation (8,981) $ (5,664) $ (3,317) Depreciation Expense 16,423 Net Operating Loss (25,404) Unrealized Loss - Royal Alliance The City of Fort Bragg - Kitchen Grant (747) 35,000 Net Income 8,849 $========= Note Area Agency on Aging The unfavorable variance is due to One Time Only Funds. The budget reflects $10,000 Only Funds are $4,674. and actual One Time Note Rent AA/Pilot Group Acupuncture Bridge Club Class Reunion Creative Writing Class Cribbage Exercise Class Mendo Writers Conference Nurses Group Soroptimists Other $ 1,380 $ ,800 1,720 1,620 $ (240) 360 (184) (14) (300) 2,000 (200) 1, ,820 $ (223) $ 7,597 $======== Page 3 of 5

4 Note~ - Continued Note ;) 5810' Frederick T. Johnson Scholarship The Community Foundation of Mendocino allocated $5,000 from the Frederick T. Johnson endowment to help offset the decline in congregate meals donations in FYE Note Donations - Cash - Restricted Adult Day Program $ 4,030 $ 3,780 $ 250 Senior Advocate Program 3, ,249 Dining Room-Coffee (71 ) $ 7,613 $ 4,185 $ 3,428 Note Donations - Cash - Unrestricted Donation Letter $ 21,512 $ 26,100 $ (4,588) General Donations 10,365 11,250 (885) Harvest Market Tokens 8,508 9,000 (492) Fundraiser Meal Donations 15,673 14,000 1, $ 56,058 $ 60,350 $ (4,292) Note Donations - In-kind Volunteer Wages $ 118, ,000 $ (16,548) The Attic 16,827 15,750 1,077 Dining Room & MOW Food 12,533 11, ' Volunteer Wages -In Kind Raw Food -In Kind Other - In Kind These expenses are offset by Donations - In-Kind. $ 147,812 $ 162,450 $ (14,638) Note Mileage Reimbursement The unfavorable variance is due to an increase in home delivered meals, longer distances to some clients and container pickups in Mendocino. Note Contract labor Senior Peer Counseling $ 15,375 $ 17,775 $ 2,400 Caspar Institute 2,935 1,500 (1,435) Senior Advocacy Program 1,115 0 (1,115) Day Program Music 1,125 1,125 0 Computer Consultant a Day Program Imagine Workshop $ 20,550 $ 21,800 $ 1,250 Page 4 of 5

5 Notes - Continued Note Equipment Purchases The unfavorable variance is due to the purchase of a new radio for bus 7. Note 10 Note Raw Food Dining Room & Meals on Wheels Fundraiser Meals Admin & Volunteer Dinner $ 66,593 $ 3,456 1,001 $ ==7=1,==0=50= $ 61,200 $ (5,393) 4,900 1, (251) ,850 $ (4,200) Supplies The unfavorable variance is due to the purchase of ipods for the Day Program - $373, garden supplies - $453, entry way floor mats - $215, and storage shelves - $226. Note Advertising The unfavorable variance is due to an increase in general advertising for the Senior Center and increased bus advertising due to a decrease in riders. Note Other The unfavorable variance is due to the prior year's workers' comp audit adjustment and expenses related to the Chez de Cabaret event Note 14 Note Building Repairs and Maintenance The unfavorable variance is due to roof repairs Unemployment Insurance Program California State Unemployment Insurance claims are administered by 501 (c) Agencies Trust Redwood Coast Seniors qualifies for this program because it is a 501 (c)(3) corporation. RCS does not pay State Unemployment Tax through payroll tax deductions but instead pays an estimated amount to 501 (c) Agencies Trust. These deposits become part of a pool from other non-profit companies who also participate in this service. Instead of paying estimated amounts of Unemployment Insurance to the state, RCS only pays based on actual claims, which results in a cost savings. RCS is required to maintain a reserve account based on prior years' state unemployment insurance claims. This reserve account is analyzed as of December 31 every year, and the quarterly amount RCS is required to pay is adjusted accordingly. Page 5 of 5