Preface This Finance Newsletter will be talking about Finance Information in December and Q2. Yes we know if it is not suitable because it should be January, but we already done every Financial Statement in the middle of next month. We use Quickbooks 11.0 as a software to make Financial Statement. Also, we use accrual basis for recording which means we will record every incomes and expenses even it doesnt happen yet, but the accounting rules is fulfilled . We hope by this Newsletter can create transparancy in Financial Condition. Hope to hear any feedback from you. Best Regards,
Finance & Governance Dept. 15/16
December UPDATE
Income
Summary By seeing the graph, the biggest income comes from Program Income. We have 4 Programs, which are Out Going and Incoming Program for both of Voluntery and Internship. This Income gets from 5 Departments, which are IGCDP, OGCDP, IGIP, OGIP, and ER BD. The other Program comes from Project, and The Other Incomes from Interest Income. In this month, we get University Subsidize and it stated as Income from Fundraising.
Income
Summary
Program Income 12000000 10000000 8000000 6000000 4000000 2000000 0
Program Income
IGCDP OGCDP OGIP
IGIP
ER BD
OGCDP contributes big amount from its match fee. Its expansion gives much numbers. They did expansion in last October to Riau. This expansion also helped by Program Marketing Department. Then the income comes from IGIP, OGIP, and ER BD
Expense Summary
Talking about Income will not be completed without knowing the Expense. We devide the expense into 3 kinds: Committee Fees, Operational Fees, and Other Expenses. We paid the National Fee for Q4 in the end of December and also we get the invoice for paying Organization Development Fund that will be paid in the beginning of January. Then the most operational expense is for Local Conference subsidize.
Investment Summary
In December, we invest for 4 projects, which are Family Gathering (ER BD’s Event), Local Committee Conference 2 (TM’s Project), WIFU (iGCDP’s Project), and ILEA (IGIP’s Project). The RoI we hope from them are #of delegates attendance, Talent Review, #of net income, Conversion rate based on TMP/TLP Flow, new member and parent engagement, completed database.
Q2
UPDATE
Income-Expense Summary
From the graph, in November we have more expenses than incomes, because we have to pay LC Exchange Management fee, beside of daily operational expense, for October to Member Committee (MC) while in that time the most income from oGCDP. It didnt mean if the other program didnt work at that time, because in October and December it supports for financial LC also.
Income
Summary Program Income 60000000 40000000
Program Income
20000000 0
IGCDP OGCDP OGIP
IGIP
ER BD
From the graph, the most contribution for LC’s cash is from oGCDP. They have potential market in Riau. So next, we plan to invest them again to promote exchange in there. Then followed by iGIP, oGIP, and iGCDP. For iGCDP and oGIP we can see how they support finance if the projects already done. Because their project is still running now.
Closing
Thank You for Reading See You in The Next Newsletter ď Š
Next : January Ed.
Finance &