The annual Board Planning Workshop was held in Wellington on Friday 15th February. It was a special day in that it was the first meeting for our new Youth Intern, Vivien Conway, but also a bit sombre with the Board coming to grips with the sad and unexpected passing of Graham Crombie, who had been a big part of the Board over the last five years.
As always, this was an important time to reflect on, debate, tweak and align our strategies and the direction of SLSNZ over the coming three years.
Our current ‘One Page Strategic Plan’ which was developed last year was generally seen as still being relevant, but with a couple of changes.
We also spent time looking at what our priorities should be for the next 12/24/36 months. The areas where we hope to see significant progress in this time are:
The actions that arose from that discussion will be incorporated into the Management Plan for the 2019/20 year.
The Board also approved the draft budget for 2019/20, noting this was a ‘minimum’ target with a Net Operating Surplus of $107,000 with positive cash flow of $208,000.
And on a separate but related topic, we also spent some time looking ahead at what our decision making framework should be for future commercial revenue initiatives. The criteria we came up with, in no particular order was:
We now move on to updating the Strategic Plan document which will be discussed again at our April meeting and then circulated to clubs and be available for the membership after that.
In terms of the SLSNZ financial position attached are the regular SLSNZ Financial Reports for the first seven months of 2018/19. These show a Net Operating Surplus of $2.597million, which is $839,495 ahead of budget. This variance is largely due to the additional funding received from NZLGB which hasn’t all been spent yet. A full explanation of the variances is in the attached Financial Summary Dashboard.
As always, the profit at this time of year is not indicative of the year end result as we have still have some big spending summer months to go. More relevant is the latest forecast which has the full year Net Operating Surplus ahead of budgeted levels at $559,000 (budget is $133,000). The increase over budget is being driven by extra grant income that has to be spent on capital items – as the revenue shows up in the P&L but the expenses don’t.
And that is enough for me for this report. As we are reaching the end of the season a very big thanks to all the clubs and individuals who have contributed across the movement towards a very successful summer.
Yours in surf,
Surf Life Saving New Zealand