FINANCIAL OUTLOOK 5 Year Forecast Profit and Loss 2016-17 OPERATING INCOME Workshop/seminars Interest Government Grants Industry Contracts $10,500 $309 $623,636 $20,000 $654,445 OPERATING EXPENDITURE Salaries & on-costs Depreciation Travel Board Professional Fees Service Agreement Consultancies Communications Miscellaneous Operating surplus/ deficit Opening Reserves Closing Reserves $356,667 $4,408 $56,877 $72,520 $29,272 $140,000 $22,206 $102,502 $8,712 $793,164 - $138,719 $1,011,238 $872,519 2017-18 $10,000 $500 $227,273 $749,250 $987,023 $613,395 $2,500 $58,583 $74,696 $30,150 $140,000 $22,872 $140,000 $8,973 $1,088,670 - $101,647 $872,519 $770,872 2018-19 $10,000 $500 $227,273 $746,250 $984,023 $631,797 $0 $60,341 $76,936 $31,055 $144,200 $23,558 $144,200 $9,243 $1,121,330 - $137,307 $770,872 $633,566 2019-20 $10,000 $500 $0 $888,750 $899,250 $515,751 $0 $62,151 $79,245 $31,986 $148,526 $24,265 $148,526 $9,520 $1,019,970 - $120,720 $633,566 $512,846 2020-21 $10,000 $500 $0 $1,088,750 $1,099,250 $531,223 $0 $64,016 $81,622 $32,946 $152,982 $24,993 $152,982 $9,805 $1,050,569 $48,681 $512,846 $561,527 2021-22 $10,000 $500 $0 $1,288,750 $1,299,250 $547,160 $0 $65,936 $84,071 $33,934 $157,571 $25,743 $157,571 $10,100 $1,082,086 $217,164 $561,527 $778,692 Assumptions Expenditure – annual increase of 3% Expenditure – staff level constant at 5 officers 18 LBN STRATEGIC PLAN 2017-2022
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