1. Roll Call
2. Open in prayer
3. Mission Review:
   1. Walk through The Door (10-15)
4. Accept minutes from January meeting
5. Signature
   1. Time sheets
6. Financial Report w/ Deidre (see below)
7. Unfinished Business
   1. Review core values and purpose (who are we?)
      1. Unconditional Love
      2. Hope
      3. Restoration
      4. Compassion
      5. Faith
   2. Core purpose: Facilitating life transitions for at-risk and vulnerable youth
   3. Review Annual Schedule
   4. Set Short term goals for 2019 (Review the links under Operations on the Board Website.
   5. Brainstorm a few possibilities for long term goals.
8. Update on Drake House
9. Ed Report
10. Committee Reports as necessary
    1. Sunshine: Goodbye to Stephanie card
    2. Fundraising: Gala Update
    3. Building?
    4. Public Information
11. Next meeting: March 20, Wednesday?  (Clearwater is not available on Tuesdays – elsewhere?)
12. Adjourn

FYA:  As of January 31, 2019, FYA has $73,658 operating funds in checking, $25,074 operating reserve funds in savings, and $25,659 in Wedbush Morgan brokerage account. The Alaska Community Foundation account has fund balance of $462,995 down 5% since inception.  We also have $19,222 of unreimbursed ESG expenses from December 2018 that have been submitted. We were fortunate to start January with $73,230 in checking since the BHAP and ESG December money will not be received until February 7, 2019. January 2019 BHAP/ESG expenses total $16,028 and the report is ready to be submitted to AHFC.  All year-end 2018 tax filings are current as well as 1099s, 1096, W2s, and W3.

Clearwater Counseling:  Had $22,929 counseling revenue for January 2019. Negative net cash flow  of $8,048, primarily due to paying the 2018 “bonus” to Dave ($8,024). Dave was paid a salary differential of $8,024 to bring his 2018 salary up to one-half of counseling revenue per KLG Billing’s tally of counseling revenue.  Counseling revenue from Jaimie’s clients is $4,387 . Clearwater Counseling donated $15,000 to FYA. Bank balances are as follows: Spirit of Alaska checking $22,808 savings $417. AlaskaUSA checking $20,541 We anticipate being able to close Spirit of Alaska account (old acct) by the end of March 2019.

FYA:  As of January 31, 2019, FYA has $73,658 operating funds in checking, $25,074 operating reserve funds in savings, and $25,659 in Wedbush Morgan brokerage account. The Alaska Community Foundation account has fund balance of $462,995 down 5% since inception.  We also have $19,222 of unreimbursed ESG expenses from December 2018 that have been submitted. We were fortunate to start January with $73,230 in checking since the BHAP and ESG December money will not be received until February 7, 2019. January 2019 BHAP/ESG expenses total $16,028 and the report is ready to be submitted to AHFC.  All year-end 2018 tax filings are current as well as 1099s, 1096, W2s, and W3.

Clearwater Counseling:  Had $22,929 counseling revenue for January 2019. Negative net cash flow  of $8,048, primarily due to paying the 2018 “bonus” to Dave ($8,024). Dave was paid a salary differential of $8,024 to bring his 2018 salary up to one-half of counseling revenue per KLG Billing’s tally of counseling revenue.  Counseling revenue from Jaimie’s clients is $4,387 . Clearwater Counseling donated $15,000 to FYA. Bank balances are as follows: Spirit of Alaska checking $22,808 savings $417. AlaskaUSA checking $20,541 We anticipate being able to close Spirit of Alaska account (old acct) by the end of March 2019.

The Year in Review:   Highlights of the 2018 Profit & Loss Statement

and comparing it to 2017

Alaska Community Foundation:  Beginning amount $486,686. 2018 donations $2,201.  Management fees and losses -$25,891.93 (exactly 5%).  Ending amount $462,995.07

2018 income compared to 2017 income:  

Pick.Click.Give donations increase 13%

Clearwater Counseling donated $45,000 (250% increase) as they had a stellar year.

Agency donations jumped 200% primarily due to $25,000 donation from RMF Foundation.

Church donations decreased 15%

Business contributions almost 250% primarily due to Credit Union 1 donation of $10,000

Donations arriving in newsletter envelopes jumped 230%.

Greater Giving donations increased 18%

Individual donations increased 6%

OVERALL:  17% increase

Fundraising Event Income:  OHN 2018 brought in $12,164 (19% less, $2,843).

Other grant income:  Stopped ACN (school food program), was awarded $20,000 TOTE Youth Development grant, and $1,000 Doyon youth jobs grant.

Expenses:

Combined shelter utility expenses up 7%  (telephone, alarms, water, electric, garbage, heating oil).

Shelter repairs/maintenance 33% increase ( $767)

Shelter food expense up 8% ($492).

Outreach and youth development activities greatly increased  38% ($3,500) due to TOTE grant

Advertising expense increased 2% ($169).

Staff housing expenses 132 10th Ave decrease 9% (R & M, water, heating oil, elec)

FYA office expenses increased 20% ($900) primarily in dues/memberships (P.C.G., Foraker, Rotary, etc).

Stipends and tuition for interns increased five-fold ($10,900)

Payroll increased 3% ($11,000).

The net effect of these payroll increases (stipend + tuition + other payroll) is a total increase of 5% ($21,960).

Net Income:  +$67,156 which is $86,500 more than 2017!

Clearwater Counseling 2018 Summary:    Good management = good revenue

Revenue for 2018 is $245,454,  $20,142 of which is from our part-time providers.  Clearwater Counseling’s 2018 revenue is $31,879 more than than last year!! Go Dave!!  We also processed $32,467 of in-house counseling sessions and assessments (EAP, self-pay, OCS, attorneys), saving $3,571 in outside contract billing fees. Way to go value-added receptionists!!  

Actually, the real story with value-added receptionists is in the significant decrease in small balance write-offs (bad debt written off Clearwater Counseling’s books because it is uncollectible).

Small balance write-offs 2016 (pre-receptionist):             $11,096

Small balance write-offs 2017 (first year of receptionist):  $7,718

Small balance write-offs 2018 (EXPERT receptionists):    $2,285 Yay Team!!