NAMI AZ Treasurer's Report 2016 Annual Meeting Overview
The NAMI AZ Treasurer's Report highlights the organization's financial oversight, historical perspective, 2015 revenue and expenses snapshot, 2016 budget goals, and the reasons behind revenue differences. The report emphasizes the importance of maintaining fiscal responsibility, transparency, and support for NAMI affiliates.
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Presentation Transcript
NAMI AZ Treasurers Report NAMI AZ Annual Meeting January 30, 2016
Agenda NAMI AZ Financial Oversight Historical Perspective 2015 Revenue and Expenses Snapshot 2016 Budget Goals
NAMI AZ Financial Oversight NAMI AZ Finance Subcommittee Meets monthly Reviews financial statements to monitor revenue, expenses and trends Monitors compliance with regulatory deadlines Develops proposed annual budget Makes recommendations for decision by Governing Board
Historical Perspective 2011-2013 Survival Expenses were greater than revenue; near bankruptcy Cash reserve fund dropped to zero Affiliate generosity kept us afloat 2014 - 2015 Stability Revenue exceeds expenses Cash reserve fund replenished 2016 and beyond Development Technical assistance and partnership with affiliates Diversify revenue streams and continue to monitor expenses
2015 Revenue and Expenses Snapshot Revenue Expenses Net Retained Earnings $230,778 -$189,799 =$40,979 Compare with 2014: Net Retained Earnings of $5,573
Why the Difference? Revenue ADHS Contract Annual Meeting Sponsors NAMI Walk Member Dues Donations Expenses Expiring leases Copier, phones, internet Partner with NAMI VOS CEO wears many hats
2016 Budget Goals Continue to add to cash reserve fund to have six months of operating expenses Earmark specific funds for NAMI Affiliate technical assistance Continue to maintain fiscal responsibility and transparency to our supporters
