Family Care Network Annual Report

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financials Since our inception, the Family Care Network has received an annual audit or review. For the past 30 years, Glenn Burdette, an independent auditing firm, has audited the financial position and the related statements of activities in unrestricted net assets, functional expenses and cash flows of the agency. Government standards require that auditors plan and perform these audits to obtain reasonable assurance about whether the financial statements are free of material misstatements. For each of the years that the Family Care Network has been audited by Glenn Burdette, we have received an unqualified opinion on our financial statements, meaning that the independent auditing firm believes the financial statements present fairly in all material respects, the financial position, the changes in net assets and the cash flows of the agency. statement of financial position June 30, 2017 & June 30, 2018 ASSETS Current Assets Property and Equipment Other Assets Total Assets June 30, 2017 $2,606,176 $13,627,860 $18,224 $16,252,260 June 30, 2018 $3,109,024 $13,996,925 $14,081 $17,120,030 LIABILITIES & NET ASSETS Current Liabilities Long-Term Liabilities Unrestricted Net Assets Temporarily Restricted Net Assets Total Liabilities and Net Assets $2,174,223 $5,159,800 $4,192,168 $4,726,069 $16,252,260 $2,771,758 $4,973,632 $5,268,747 $4,105,892 $17,120,029 supplemental investing & financing information Included in Temporarily Restricted Net Assets are seven separate forgivable government loans used for the purchase of eight apartment buildings for the Transitional Age Youth Programs. These loans are scheduled to be forgiven beginning in March 2015 through March 2060. additional financial information Administration Expenses: 12.8% of total expenditures Administration Costs Include: Director of Financial & Admin. Services, Accounting, a portion of Buildings & Supplies, Human Resources, Information Technology, Information Management 8
statement of activities actual revenue and expenditures July 1, 2017 through June 30, 2018 SERVICE DIVISION Family Support Services Behavioral Health Services Housing & Support Services Educational Support Services Other Program Services Donations and Fundraising Total REVENUE $5,397,326 $5,902,464 $3,891,608 $1,122,505 $56,727 $386,100 $16,756,730 EXPENDITURES $5,155,852 $5,903,477 $3,625,367 $1,095,682 $367,806 $152,144 $16,300,328 NET +(-) $241,474 $266,241 $26,823 ($1,013) ($311,079) $233,956 $456,402 Percent of Actual Expenditures by Program 32% Family Support Services 36% Behavioral Health Services 22% Housing & Support Services 7% Educational Support Services 2% Other Program Services 1% Donations and Fundraising budgeted revenue and expenditures July 1, 2018 through June 30, 2019 SERVICE DIVISION Family Support Services Behavioral Health Services Housing Support Services Educational Support Services Other Program Services Donations and Fundraising Total REVENUE $6,902,880 $6,861,732 $4,773,960 $1,147,428 $45,000 $424,946 $20,155,946 EXPENDITURES $6,809,866 $6,861,732 $4,506,965 $1,147,428 $159,999 $169,956 $19,655,946 NET +(-) $ 93,014 $ --- $266,995 $ --- ($114,999) $254,990 $500,000 Percent of Budgeted Expenditures by Program 35% Family Support Services 35% Behavioral Health Services 23% Housing & Support Services 6% Educational Support Services 1% Other Program Services 1% Donations and Fundraising 9
Page 1 and 2: come togetHer 2017-2018 Annual Repo
Page 3 and 4: 2 | about family care network, inc.
Page 5 and 6: Solving Problems is an organization
Page 7 and 8: 2017-2018 year in review board of d
Page 9: ehavioral health services In-Home B
Page 13 and 14: Wraparound Our Wraparound program b
Page 15 and 16: Foster-Adoption We became a State L
Page 17 and 18: ehavioral health services FCNI prov
Page 19 and 20: therapeutic behavioral services (TB
Page 21 and 22: housing and support services Progra
Page 23 and 24: transitional housing placement prog
Page 25 and 26: education support services Support
Page 27 and 28: ory Rory really wanted to make it o
Page 29 and 30: community resources development As
Page 31 and 32: mentors We began recruiting mentors

Family Care Network Annual Report

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