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FY 2010 OPERATING BUDGET

FY 2010 OPERATING BUDGET. Effects of Economic Meltdown. Reduced public support Private fundraising, earned revenue at risk 29% investment loss Slow recovery at best. Response to Economic Meltdown: Realignment. Quick action on $15 million savings goal

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FY 2010 OPERATING BUDGET

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  1. FY 2010 OPERATING BUDGET

  2. Effects of Economic Meltdown • Reduced public support • Private fundraising, earned revenue at risk • 29% investment loss • Slow recovery at best

  3. Response to Economic Meltdown: Realignment • Quick action on $15 million savings goal • Focus on flexible fundraising, audience development & outreach • Invest for growth through Strategic Initiatives

  4. WCS Budget Summary:Contingency Reserve for Future Revenue Shortfalls

  5. Positive Operating Margin Positive Operating Margin $ 000’s Break Even after Transfer for Facility Renewal And Contingency Reserve

  6. Diverse Revenue Base Other $5M - 3% Investment Income $20M - 11% Gifts & Grants $76M - 42% NYC/S $28M - 15% Auxiliary Net $10M - 6% Admissions, Membership $43M - 23%

  7. Attendance - Major Income Driver 000’s Visitors Permanently Restricted Temporarily Restricted Property& Plant Unrestricted Financial Assets

  8. NYC Support from Three Sources Value of Utilities $7.2M - 6% DPR/City Zoos $8.3M - 7% All Other Zoo-Based Revenue NYC 21% DCA Operating $8.9M - 8%

  9. NYC Operating Support: No Real Growth in Two Decades DCA Operating Appropriation-BZ & AQ ** * DPR-City Zoos Mgmt. Agreement * All 3 City Zoos Open ** Cogeneration Reimbursement

  10. Lower Gift Flow Forecast $ 000’s $83M $68M $60M $42M $40M $24M Property& Plant Unrestricted Financial Assets

  11. Federal Grant Support $000’s

  12. Endowment Market Value Back to ’02 Level $000’s

  13. Effect of Investment Losses Will Be Felt Over Three Years Endowment Payout to Operations $000’s

  14. Expenses by Major Function Fundraising/Membership $8M - 5% Mgt & General $15M – 8% Other Programs $13M – 7% Living Institutions $76M – 43% Global Conservation $66M – 37%

  15. Global Conservation Rapid Growth but Conservative Budget $000’s

  16. FY 2010 CAPITAL BUDGET

  17. FY 2004-10 Capital Spending By Facility $243 Million City Zoos $19M - 8% Aquarium $52M - 21% Bronx Zoo $172M - 71%

  18. Funding Sources FY 2004-10 Capital Plan Gifts $49M – 20% Bond Proceeds $60M – 25% Gov’t Secured $118M – 30.3% Government $118M – 49% Other WCS Funds $13M – 6%

  19. Capital Expenditures FY 2004-10 Spending Reduced in ‘10

  20. FY 2010 Capital Budget$15 Million Projected Spending Equipment $0.7M - 4% Exhibits - $1.3M – 9% QZ Jaguar- $1.1M Infrastructure $12.4M - 83% AQ Main Hall- $8.2M Sea Water Intake - $1.5M Other Aquarium - $0.6M City Zoos - $1.2M BZ - $0.9M Facility Enhancements $0.5 M - 4% Information Technology - $0.3M Educational Wildlife Center - $0.25M

  21. FY 2010 Capital BudgetFunding Sources WCS Funds $2.0M Gift Balances $1.3M Gov’t Funds $11.6M

  22. New Master Plan Underway? Shark Exhibit for NYA

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