Financial Update Faculty Associates, Inc. Board of Directors - - PowerPoint PPT Presentation

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Financial Update Faculty Associates, Inc. Board of Directors - - PowerPoint PPT Presentation

Jun 02, 2023 251 likes •343 views

The University of Florida College of Dentistry Financial Update Faculty Associates, Inc. Board of Directors Meeting October 1, 2018 Aug FY19 Summary Statement of Revenues and Expenditures Revenues Current FY Prior Year Difference Percent

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The University of Florida College of Dentistry

Financial Update

Faculty Associates, Inc. Board of Directors Meeting October 1, 2018

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Aug FY19 Summary Statement of Revenues and Expenditures

Revenues Current FY Actual Prior Year Actual Difference Percent Variance

Clinical Revenue

$3,185,755 $3,106,518 $79,237 2.6%

Ancillary Revenue

$21,290 $26,343 ($5,053) (19.2%)

Contract and GME Revenue

$1,107,734 $1,159,263 ($51,529) (4.5%

Radiology Internal Revenue

$30,994 $29,589 $1,404 4.8%

Interest Income

$606 $596 $11 1.8%

Total Revenues

$4,346,379 $4,322,310 $24,070 0.6%

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Aug FY19 Summary Statement of Revenues and Expenditures

Expenditures Current FY Actual Prior Year Actual Difference Percent Variance

Personnel Expenses $2,842,113 $2,501,267 $340,845 13.6% Other Operating Expenses $1,347,233 $1,249,399 $97,834 7.8% Administrative Overhead $150,299 $192,349 ($42,050) (21.9%) Total Expenses $4,339,645 $3,943,016 $396,629 10.1%

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Aug FY19 Summary Statement of Revenues and Expenditures

Current FY Actual Prior Year Actual Difference Percent Variance

Change in Net Assets $6,734 $379,294 ($372,560) (98.2%)

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(350,000) (300,000) (250,000) (200,000) (150,000) (100,000) (50,000) 50,000 100,000 150,000 200,000 Community Dentistry Dept Endodontics Dept Oral Diagnostic Sciences Dept Oral Surgery Dept Orthodontics Dept Pediatric Dentistry Dept Periodontics Dept Restorative Dept Changes in Net Position (309,792) (119,989) 60,752 90,195 16,839 152,585 (60,379) 140,963

9/28/18

Changes in Net Position As of August 31, 2018

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100,000 200,000 300,000 400,000 500,000 600,000 700,000 800,000 Community Dentistry Dept Clinic Admin Endodontics Dept Oral Diagnostic Sciences Dept Oral Surgery Dept Orthodontic s Dept Pediatric Dentistry Dept Periodontics Dept Restorative Dept Actual 559,146 272,080 46,500 386,109 730,421 203,440 255,783 148,846 639,447 Budget 731,241 357,791 171,166 346,368 648,058 204,336 235,725 177,075 548,762 9/28/18

Clinical Revenue Budget to Actual As of August 31, 2018

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