2016 Plainfield Co-op Financial Report Bob Fancher, Treasurer - - PowerPoint PPT Presentation

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2016 plainfield co op financial report
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2016 Plainfield Co-op Financial Report Bob Fancher, Treasurer - - PowerPoint PPT Presentation

Jan 02, 2023 279 likes •452 views

2016 Plainfield Co-op Financial Report Bob Fancher, Treasurer Sales Adjusted for inflation, in 2016 dollars 1,200,000 1,000,000 800,000 600,000 400,000 200,000 0 2011 2012 2013 2014 2015 2016 Other Metrics Current Ratio

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2016 Plainfield Co-op Financial Report

Bob Fancher, Treasurer

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200,000 400,000 600,000 800,000 1,000,000 1,200,000 2011 2012 2013 2014 2015 2016

Sales

Adjusted for inflation, in 2016 dollars

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Other Metrics

  • Current Ratio measures our ability to pay short-term
  • bligations (payroll, money we owe vendors, etc.)

– Target is 1.30 or greater – 2016 year end, the Current Ratio was 1.32

  • Debt to Equity Ratio

– Total Liabilities (loans, payroll, money we owe vendors, etc.) ÷ Total Equity – Target is 1.5 or lower – 2016 year end, the Debt to Equity Ratio is 0.44

  • As of 2016 year end, we owe $0 on loans
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Net Income

Adjusted for inflation, in 2016 dollars

  • 15000
  • 10000
  • 5000

5000 10000 15000 20000 25000 30000 2011 2012 2013 2014 2015 2016

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What Happened?

  • Sales were much less than was anticipated
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What Happened?

  • Sales were much less than was anticipated
  • Gross Profit was 5% under budget
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What Happened?

  • Sales were much less than was anticipated
  • Gross Profit was 5% under budget
  • Spending was 2% over budget
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What Happened?

  • Sales were much less than was anticipated
  • Gross Profit was 5% under budget
  • Spending was 2% over budget
  • Strict cost cutting started in the third quarter,

but it was too late to make up the shortfall

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Getting Back On Track

  • 2017 budget is more conservative than 2016
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Getting Back On Track

  • 2017 budget is more conservative than 2016
  • Spending cuts are being implemented
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Getting Back On Track

  • 2017 budget is more conservative than 2016
  • Spending cuts are being implemented
  • In-depth cost/profit analysis is underway
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Getting Back On Track

  • 2017 budget is more conservative than 2016
  • Spending cuts are being implemented
  • In-depth cost/profit analysis is underway
  • Outreach for new customers is planned
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Getting Back On Track

  • 2017 budget is more conservative than 2016
  • Spending cuts are being implemented
  • In-depth marketing analysis is underway
  • Outreach for new customers is planned
  • Funding for a feasibility study is in process. It

will be a rigorous look at whether new sales can fund the proposed expansion.

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Getting Back On Track

  • 2017 budget is more conservative than 2016
  • Spending cuts are being implemented
  • In-depth cost/profit analysis is underway
  • Outreach for new customers is planned
  • Funding for a feasibility study is in process. It

will be a rigorous look at whether new sales can fund the proposed expansion.

  • 2017 is off to a profitable start
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