- - - - - - - start something - Big Brothers Big Sisters of Victoria
- - - - - - - start something - Big Brothers Big Sisters of Victoria
- - - - - - - start something - Big Brothers Big Sisters of Victoria
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Fiscal Year in Review<br />
2011-2012 Fiscal Year in Review<br />
The fiscal year brought with it the ongoing challenges <strong>of</strong> generating grant and fundraising revenue in an economy where<br />
the requests for funding exceed the amount <strong>of</strong> funding available. To ensure that the quality <strong>of</strong> our programs and the<br />
number <strong>of</strong> children <strong>Big</strong> <strong>Brothers</strong> <strong>Big</strong> <strong>Sisters</strong> serve remain high, we focused on finding efficiencies in our Donation Centre<br />
operations in order to internally generate cash flow. With the introduction <strong>of</strong> a new web-dialer system, we have been able<br />
to increase the number <strong>of</strong> calls per day for the collection <strong>of</strong> used clothing and small household goods. Though the cost<br />
<strong>of</strong> implementing this new system is reflected as an expense in our 2012 statement <strong>of</strong> operations and contributes to our<br />
overall deficiency, it will be a valuable tool for the future and has already contributed to positive collection volumes.<br />
2012 has also brought a change to <strong>Big</strong> <strong>Brothers</strong> <strong>Big</strong> <strong>Sisters</strong>’ bookkeeping service provider. Contracting with Boys and<br />
Girls Club since 2010, we returned to having our bookkeeping done in-house. By doing so, we have been able to improve<br />
the efficiency <strong>of</strong> and have more control over our accounting processes and financial reporting. It also allows for closer<br />
monitoring <strong>of</strong> our financial position and more timely short-term cash flow decisions.<br />
Though we ended the 2012 fiscal year with a net deficiency <strong>of</strong> $63,707 we are optimistic for what 2013 will bring. We<br />
have negotiated a new contract for the Donation Centre operations, evaluated our methods <strong>of</strong> collections, and secured<br />
new collection partnerships all <strong>of</strong> which will help <strong>Big</strong> <strong>Brothers</strong> <strong>Big</strong> <strong>Sisters</strong> generate more revenue. Additionally, we secured<br />
three year funding from United Way for both In School Mentoring and Community Mentoring. Our programs operate<br />
in 13 Municipalities including Sooke and Salt Spring Island making us eligible for consideration for regional funding<br />
through BC Gaming which if successful would see increases to our gaming grant. Further, our <strong>of</strong>fice lease expires in May<br />
2013 and we are actively looking for a new home that will decrease building occupancy costs. These are just a few <strong>of</strong> the<br />
positive changes that, along with our continued focus on pursuing new opportunities for funding and managing expenses,<br />
will ensure that we can continue to provide the highest quality <strong>of</strong> programs to a growing number <strong>of</strong> children in 2013 and<br />
beyond.<br />
We value the ongoing support <strong>of</strong> the community, our donors, sponsors, and volunteers. It is because <strong>of</strong> you that we are<br />
able to make a difference in children’s lives. Thank you!<br />
BC Gaming<br />
8%<br />
Donations<br />
5%<br />
Fundraising<br />
3%<br />
Grants and<br />
Subsidies<br />
7%<br />
United Way<br />
7%<br />
Interest and<br />
Incidentals<br />
1%<br />
Donation<br />
Centre<br />
69%<br />
Revenues Fiscal Year<br />
Ending June 30,2012<br />
Administration<br />
13%<br />
Programs<br />
31%<br />
Expenses Fiscal Year<br />
Ending June 30, 2012<br />
Donation<br />
Centre<br />
56%<br />
7
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