8. Financial Forecast
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The financial summary which follows is a long-range estimate of the cost of implementing the Strategic Plan, and of the income that will potentially be required. Significant additional income will be needed, mainly from fundraising and from state funding. The figures exclude very large projects - such as the replacement of audiocassettes for the audio book service (objective 1.8) - that would need special external funding.
The estimates of additional expenditure are generally modest, and assume that many of the objectives in the Plan will be undertaken within existing financial and staff resources.
We will continue to rely heavily on the professionalism, energy and initiative of all Foundation staff if we are to achieve the goals we have set for ourselves.
The financial and other resourcing requirements of the Strategic Plan present a serious challenge, but one we believe is achievable with the support of our staff, the Government and the New Zealand public.
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Projected Financial Statement
| Expenditure and Required Income (all figures in $000) | 2003/2004 Budget | 2004/2005 Projection | 2005/2006 Projection | 2006/2007 Projection |
|---|---|---|---|---|
| Expenditure on Member Services: Adaptive Living | 9,591 | 10,509 | 10,978 | 11,289 |
| Expenditure on Member Services: Adaptive Support | 5,411 | 5,573 | 5,778 | 5,832 |
| Expenditure on Member Services: Quality Assurance | 1,921 | 2,082 | 2,114 | 2,135 |
| Expenditure on Member Services: Blindness Awareness and Public Education | 391 | 730 | 696 | 698 |
| Expenditure on Member Services: Grants to consumer organisations and community committees | 930 | 1,024 | 1,019 | 1,017 |
| Expenditure on Governance | 412 | 412 | 412 | 412 |
| Total expenditure on programmes | 18,656 | 20,331 | 20,996 | 21,381 |
| Total Income Required (net of Fundraising costs) | 18,656 | 20,331 | 20,996 | 21,381 |
| Cumulative increase | NIL | 1,675 | 2,340 | 2,725 |