1. GREAT RIVERS Great Innovations TWENTY FIFTEEN GREAT RIVERS Great Innovations TWENTY FIFTEEN Smart Sustainability: Building a Strong Organizational Plan GREAT RIVERS Great Innovations TWENTY FIFTEEN

2. GREAT RIVERS Great Innovations TWENTY FIFTEEN GREAT RIVERS Great Innovations TWENTY FIFTEEN Agenda Strategic Planning Long Range Plan – 3-5 Years Fundraising Plan Annual Budget Process Operating Reserves GREAT RIVERS Great Innovations TWENTY FIFTEEN

3. GREAT RIVERS Great Innovations TWENTY FIFTEEN GREAT RIVERS Great Innovations TWENTY FIFTEEN Operating Reserves GREAT RIVERS Great Innovations TWENTY FIFTEEN Unrestricted Net Assets Available Board Designated Funds for specific purpose Board Designated Operating Reserve Undesignated Operating Funds Not Available Invested in fixed assets

4. GREAT RIVERS Great Innovations TWENTY FIFTEEN GREAT RIVERS Great Innovations TWENTY FIFTEEN Operating Reserves GREAT RIVERS Great Innovations TWENTY FIFTEEN Total Unrestricted Net Assets $ 900,000 Less Equity in Fixed Assets (47,826) Available Unrestricted Net Assets $ 852,174 Less Board Designated for Specific Purpose (35,200) Less Board Designated Operating Reserve (188,980) Undesignated Operating Funds $ 627,994 Example

5. GREAT RIVERS Great Innovations TWENTY FIFTEEN GREAT RIVERS Great Innovations TWENTY FIFTEEN Operating Reserves Why establish a reserve fund? Unexpected shortfalls in revenue Unexpected demand on your resources What is an appropriate operating reserve level? General rule = 25% or 3 months of annual operating expenses GREAT RIVERS Great Innovations TWENTY FIFTEEN

6. GREAT RIVERS Great Innovations TWENTY FIFTEEN GREAT RIVERS Great Innovations TWENTY FIFTEEN Operating Reserves Annually recalculate reserve balance based on audited financial statements Excess should be made available for other uses Establish a plan to restore the balance to its minimum level Develop a written reserve policy Purpose statement, policy, procedures, uses, governance GREAT RIVERS Great Innovations TWENTY FIFTEEN

7. GREAT RIVERS Great Innovations TWENTY FIFTEEN GREAT RIVERS Great Innovations TWENTY FIFTEEN Operating Reserves Calculation Unrestricted, Undesignated Net Assets at Year End (Budgeted Annual Operating Expenses + Program Funding) x 1/12 = Number of Months of Available Reserve GREAT RIVERS Great Innovations TWENTY FIFTEEN

8. GREAT RIVERS Great Innovations TWENTY FIFTEEN GREAT RIVERS Great Innovations TWENTY FIFTEEN Operating Reserves GREAT RIVERS Great Innovations TWENTY FIFTEEN 20132012201120102009 Property & Equipment (net) $ 230,454 $ 244,084 $ 238,619 $ 218,128 $ 230,783 Board Designated Funds 30,121 53,224 106,073 34,324 37,169 Board Designated Operating Reserve 303,702 389,302 385,601 378,992 371,220 Undesignated, Unrestricted Net Assets 26,265 (44,550) 129,083 189,492 43,876 Total Unrestricted Net Assets $ 590,542 $ 642,060 $ 859,376 $ 820,936 $ 683,048 2014 Budgeted Annual Operating Expenses 344,548 Program Funding 430,000

9. GREAT RIVERS Great Innovations TWENTY FIFTEEN GREAT RIVERS Great Innovations TWENTY FIFTEEN Contact Information Stacey Born, Operations Manager United Way Manitowoc County stacey@unitedwaymanitowoccounty.org Fil Carini, Chief Operating Officer United Way of Greater Milwaukee & Waukesha County fcarini@unitedwaygmwc.org Rick Spiel, Executive VP Finance & Administration/ Chief Financial Officer United Way of Dane County ricks@uwdc.org GREAT RIVERS Great Innovations TWENTY FIFTEEN