mid-atlantic crossroads (max) fy08 financial statement for 10 months ending april 30, 2008...
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Mid-Atlantic Crossroads(MAX)
FY08 Financial Statement for 10 months Ending April 30, 2008
Cost/Pricing Analysis
Status of Current & Potential ParticipantsApril, 2008 Prepared by: T.Charlery
FY 08 Budget OverviewFY 08 Budget Overview
Expected revenue for FY08 $6,387,255(Includes A/R & balance brought forward from previous year)
Administration Expenses $1,482,000
Production Expenses $3,192,946
Research Expenses $247,425
Total expenses $4,922,371
Capital Accumulation Funds $900,000
On-going Equipment Funds $564,884
YTD RevenueYTD RevenueJuly 2007 – April 2008July 2007 – April 2008
Income $6,853,482
FY08 Fees $3,134,212
FY07 Bal brought forward $2,665,126
Outstanding fees from FY07 $1,054,144
YTD Administration ExpensesYTD Administration ExpensesJuly 2007 – April 2008July 2007 – April 2008
YTD Total Budget Variance
(under)/over Percent of
Budget
Administration Expenses
Salary $ 688,729.81 $ 963,604.00 $ (274,874.19) 71%
Benefits $ 167,410.25 $ 219,063.00 $ (51,652.75) 76%
Travel - airline, registration $ 37,731.63 $ 65,000.00 $ (27,268.37) 58%
Staff Development $ 1,193.72 $ 35,300.00 $ (34,106.28) 3%
Office Expense $ 149,361.67 $ 163,970.00 $ (14,608.33) 91%
Communication - Non operations $ 27,622.97 $ 30,163.00 $ (2,540.03) 92%
Catering and meeting costs $ 3,267.89 $ 4,900.00 $ (1,632.11) 67%
Administration Expenses $ 1,075,317.94 $ 1,482,000.00 $ (406,682.06) 73%
YTD Production ExpensesYTD Production ExpensesJuly 2007 – April 2008July 2007 – April 2008
YTD Total Budget Variance (under)/over Percent of
Budget
Production Expenses
New Initiatives Equip. $ 1,270,925.63 $ 754,000.00 $ 516,925.63 169%
On-going Netwk Connections $ 913,346.79 $ 1,051,626.00 $ (138,279.21) 87%
On-going Equipment $ 591,226.23 $ 1,150,186.00 $ (558,959.77) 51%
Machine Rooms and Labs $ 26,505.77 $ 205,000.00 $ (178,494.23) 13%
Outsourced Services $ - $ 32,134.00 $ (32,134.00) 0%
Miscellaneous expense $ - $ - $ - 0%
Production Expenses $ 2,802,004.42 $ 3,192,946.00 $ (390,941.58) 88%
YTD Research Support ExpensesYTD Research Support ExpensesJuly 2007 – April 2008July 2007 – April 2008
YTD Total Budget Variance (under)/over Percent of
Budget
Research Support Expenses
Salaries $ 116,663.00 $ 116,688.00 $ (25.00) 105%
Benefits - RSE $ - $ 28,005.00 $ (28,005.00) 0%
Travel - airline, regis - RSE $ 8,000.00 $ 10,000.00 $ (2,000.00) 80%
Staff Development - RSE $ - $ 5,000.00 $ (5,000.00) 0%
Office Expenses $ 59,580.69 $ 68,918.00 $ (9,337.31) 86%Communications - Non-operations $ 6,047.97 $ 18,814.00 $ (12,766.03) 32%
Research Support Expenses $ 190,291.66 $ 247,425.00 $ (57,133.34) 77%
Total ExpensesTotal ExpensesJuly 2007 – April 2008July 2007 – April 2008
YTD Total Budget Variance (under)/over Percent of
Budget
Total Expenses $ 4,067,614.02 $ 4,922,371.00 $ (854,756.98) 83%
Open CommitmentsOpen CommitmentsApril 2008April 2008
Payroll $ 136,695 Netwk Equipment/connections $ 528,883
Total $665,578
Cost/Pricing Analysis
Working on Three-Year Trend Analysis - FY06, FY07, FY08
Reviewing and comparing the revenue collected for the Fiscal Year (excluding A/R and balance brought forward) and the expenses.
Report will be completed at the beginning of FY09.
Current ParticipantsCurrent ParticipantsApril 2008April 2008
Federal Labs and Agencies 16
Higher Education 19
Corporate and Non-profit 6
Total 41
Potential ParticipantsPotential ParticipantsApril 2008April 2008
Federal Highway Administration State Department IBM Federal Center for Medicaid/Medicare Services (CMS) Hurricane Electric (NGIX participant) Space Telescope Science Institute (STScI)
FDA
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