1. Proposed 2019 Budget November 29, 2018
Proprietary and confidential information of Washburn Center for Children

2. High Level Overview We have created a balanced budget for 2019
2018 Projection
2019 Budget
FFS
$11,924,339
$11,906,109
$12,512,524
Salaries & Benefits
$13,147,965
$13,241,693
$14,382,271
Endowment
$310,000
$330,747
Program Margin
($1,661,800)
($1,778,702)
(1,867,568)
Total Expenses
$16,050,620
$16,036,985
$17,477,059

3. 2019 Budget Risks and Opportunities
Recruiting clinical staff
3 FTE +/- is $330,000 in FFS Revenue, adding FTE
LOC
Currently at $1.05M (4.875%)
Budgeting $45,832 in interest
Sustainability Plan & Campaign Timelines
Remaining $4M of pledges needed
Referrals & Productivity
Budgeting at 100% productivity for 69,055 services.
Cash

4. Cash Projections 2019

5. 2019 Budget Key Assumptions
Contracts and Grants Revenue:
Contracts and Grants scheduled to increase $663,721 from 2018 budget.
Sustainability Plan – Release from restriction $697,464
Contracts - Increased by$250,000 (Allina, Lionsgate, etc.)
Guaranteed contract, share FFS with partners
Decreased Revenue - United Health Foundation Grant, United Way, School Based Government Grants and Special Projects
Fee-For-Service Revenue (FFS):
Fee-For-Service Revenue increases 5% or $603,185 over 2018 Budget
Rates
Reimbursement rates are based on actual rates YTD as of 10/31/2018

6. 2019 Budget Key Assumptions
Billable FTE:
Increase in billable FTE
Proactive Hiring concept within Programs – not budgeted
Development goal increases to $1.6M from $1.485M in 2018 budget
Margin improves from 514k to 756k
Development Revenue:
Endowment Draw:
$330,727 draw for 2019, an increase of $30,727 increase from 2018 budget.
Endowment is supporting the following during 2019;
Professional Development for all staff ($6,300)
HR Recruitment, Training, Onboarding & Compensation ($134,427)
EDI Training, Consultants, Pathways Fellows, Community Engagement ($190,000)

7. 2019 Budget Key Assumptions
Salary and Benefit Expense:
Salary expense increases 9.2% or $997,478 over 2018 Budget
The majority of this is tied to Sustainability Plan positions and FTE
Salary increases are budgeted at 3%
Incentives for Clinicians are budgeted at $65,000
Clinician FTE increases by during 2019
403B employer match remains at 2% for 2019
No Group Medical increases (0.0%)
Expendables increase 11.8% or $341,133 over 2018 Budget
Primary increase areas:
Sustainability Project integration into Operating Budget
Pathways Program for D&I
Line of Credit interest expense
Depreciation of IT equipment
Non-Salary Expense:

8. Sustainability Plan 2019 There are 5 main areas; Campaign EHR
Receive pledges for $1.625M pledges of the remaining $4M project total
EHR
Capital Purchase, implementation, Roll-out
Human Resources
Compensation Model, Competency Model, Hiring
Technology
Windows 10, Computer replacement, server replacement, purchasing equipment for new staff
Site #4 Selection

9. Sustainability Timeline
We are behind on hires.

10. Cash Projections – Sustainability Project

11. Updated Projection

12. Next Steps