Loomio
Thu 21 Oct 2021 6:57AM

Financial Transparency- opening up the Jeder Financial Reports to the membership

JE Jason Emmins Public Seen by 32

We discussed the idea of opening the Jeder Institute financial reports to our members. The Bored have been wanting to do this for sometime but have never got there.

The Bored receive a monthly financial report from TCOB that includes all relevant financial reporting (i.e. Balance Sheet, Profit and Loss, Admin Class Monitoring, trends and ratio's etc).

A few polls will follow to allow us to understand what would be helpful for you.

MH

Margaret Henville Thu 21 Oct 2021 8:16AM

Snap Shot

A Snap Shot sent to all and a Full Report available online for those who would like it might be helpful.

KH

Kaeleen Hunter Thu 21 Oct 2021 8:16AM

Full Report

I think full report because theres all the info is available tho maybe a snapshot could be available for those who dont want to dive deep??

VT

Vic Tyler Thu 21 Oct 2021 8:16AM

Snap Shot

I only need main financial markers

TP

Tess Pollard Thu 21 Oct 2021 8:16AM

Snap Shot

 

JE

Poll Created Thu 21 Oct 2021 8:16AM

Full Report or Snap Shot Closed Fri 29 Oct 2021 6:04AM

Outcome
by Jason Emmins Fri 29 Oct 2021 10:23PM

Thanks to everyone that voted (39%).

Of those that voted, 78% would like a snap shot and 21% a full report. Based on these results, a snap shot financial report will be presented to the Dollars Jedi.

I will present the outcome to the Dollars Jedi.

TCOB provide the Board a detailed Monthly Report including:

  • Detailed Profit/Loss for the whole organisation.

  • Summary of Profit/Loss for whole organisation.

  • Admin Class Profit and Loss.

  • Balance Sheet for whole organisation

  • Detailed Balance Sheet for whole organisation.

  • Accounts Receivable

  • Accounts Payable.

  • Graphs on Top Revenue Contributors (i.e. Cobu, NDIS, Together Home, other income), Revenue and Net Operating Profit, Balance Sheet Components, Equity Trends, and Current Ratio Trends.

Results

Results Option % of points Voters
Snap Shot 78.3% 18 MK DB LZ Y MH DU DU BM DU AB DU VT TP DU DU DU RD DD
Full Report 21.7% 5 MD JE AJ KH JAC
Undecided 0% 32 R DU RP C VL T LB RH JIS MC FM LG ST DR SB DU CP SB SR DU

23 of 55 people have participated (41%)

Y

Yvonne Thu 21 Oct 2021 8:09AM

Six Monthly

I think monthly is too frequent and things change month by month, so perhaps 6 monthly is a compromise.

TP

Tess Pollard Thu 21 Oct 2021 8:09AM

Six Monthly

Thanks for the post Jason. I think monthly or even quarterly would be over kill, while six monthly updates would be helpful to see how we’re tracking, and perhaps provide motivation.

JE

Poll Created Thu 21 Oct 2021 8:09AM

Frequency of Financial Reports to Membership Closed Fri 29 Oct 2021 6:04AM

Outcome
by Jason Emmins Fri 29 Oct 2021 10:25PM

Thanks to everyone that voted (37%).

The results returned that 54% would like a financial snap shot 6 monthly, 30% quarterly, 8% monthly and 8% annually. Based on these results a 6 monthly financial snap shot will be presented to the Dollars Jedi.

I will share the outcome with the Dollars Jedi.

How often would you like to receive information regarding Jeder's financial reports? The Bored receive a monthly report from TCOB (Finance)

Results

Results Option % of points Voters
Six Monthly 52.2% 12 MD LZ Y MH AJ AB DU VT TP DU KH RD
Quarterly 30.4% 7 MK JE DU BM DU JAC DD
Monthly 8.7% 2 DU JAC
Annually 8.7% 2 DB DU
Undecided 0% 33 R DU RP C VL T LB RH JIS MC FM LG ST DR SB DU CP SB SR DU

22 of 55 people have participated (40%)