generator board update, may 19, 2015
TRANSCRIPT
GENERATOR INC | BOARD MEETING, MAY 19, 2015
DIRECTOR’S UPDATE
Generator Board Meeting
May 19, 2015
GENERATOR INC | BOARD MEETING, MAY 19, 2015
YTD Performance
GENERATOR INC | BOARD MEETING, MAY 19, 2015
Cash on hand, May 10, 2015$148,620
March 2015$104,646
Percentage Change+30%
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
GENERATOR INC | BOARD MEETING, MAY 19, 2015
Key Changes• New hire• Build-out• Lost education income
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
GENERATOR INC | BOARD MEETING, MAY 19, 2015
Revised Burn Rate, Remainder FY15Stretch assumptions to June 30• $148,620 Cash on hand• ~$10,350 earned income• $1,100 Other income• ~$75,000 expenses57 percent burn by June 30, 2015, or~$85,070 in hand July 1, 2015
GENERATOR INC | BOARD MEETING, MAY 19, 2015
FY16 Budget
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
GENERATOR INC | BOARD MEETING, MAY 19, 2015
22%
7%
32%10%
29% MembershipEducationGrantsSponsorshipGifts
Income Streams
GENERATOR INC | BOARD MEETING, MAY 19, 2015
7%7%
9%
11%66%
WagesOperationsContingencyFacilityAdministration
Expense Categories
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
GENERATOR INC | BOARD MEETING, MAY 19, 2015
THANK YOU
Let’s discuss.