Northwest Portland Area Indian Health Board Financial Report Quarterly Board Meeting April 21-23, 2015

Finance Report Items 1. FY2014 Audit completed – in Delegates Drop Box under AUDIT Stauffer & Associates, PLLC We will need to accept the Audit 2. Overview of current Revenues and Expenditures, under-recovery status Balance sheet

Revenues and Expenditures Revenues and Expenditures 2/28/2015 Revenues: Grants2,458,804 Unrestricted 1,576 Indirect 593,684 TOTAL3,054,064 Expenditures: Operating Expenditures 2,458,804 Unrestricted 8,628 Indirect Expenses 720,568 TOTAL 3,188,000 Revenues less than expenditures:(133,936)

Balance Sheet… as of 2/28/2015 Total Current Assets:134,683 – Cash, Cash Equivalents 1,958,068 – Investments 208,701 – Program Receivables (2,045,148) – Travel Advances & Misc. 5,478 – Prepaid expenses 7,583 Total Liabilities and Fund balance200,146 Current Liabilities: – Accounts Payables 42,973 – Payroll related Payables 25,337 – Accrued Leave Payable131,836 Fund Balance(65,463) Cash available for drawdown from Payment Management System: 5,296,232

Indirect Rate Comparison FY 2010 through FY 2014

Indirect Costs ratio to Expenses Base

Functional Expenses