November 2018 Report for YTD October 2018.

The completion of the annual financial audit enabled the organisation to finalise the financial position for the Trust for 2017-2018. The end result was reported at the OHCT Annual Community meeting held in October 2018. The change in position between May and July 2018 was due to a combination of the

• correction of income recognised earlier, being recoded to 'income in advance' on the balance sheet 
• programme expenditure 
• one off performance payments made to staff for the 2017-2018 financial year.

The return on financial equity reported is derived as a percentage of YTD income/Equity. The careful monitoring of the actual revenue and expenditure against the budget continues to ensure a positive result.  

Funders, Staff and Management and Providers

• Ensuring all programmes and services delivered by Otara Health cover all direct labour and project resource costs, while making a contribution to meeting the organisation's indirect cost.  
  
• Regular and timely monitoring of all income and expenditure transactions made
• Ensuring all new and existing project activities are accounted for against the operational budget
• Ensuring the financial controls are sufficient and strictly adhered to
• Delivering on contractual commitments and specifications as expected by funders
• Continuously seeking funding appropriate to the organisations goals, capacity and capability 

• Apply for lotteries funding to off set the expected shortfalls with the HIPPY programme
  
• Lift the value of the delivery for the Kaitohutohu and CC contracts to resecure both past June 2019
  
• Transfer business financial software from MYOB to XERO to improve job cost management capacity
• Apply for philanthropic funding to supplement the CC funding currently supporting the Thriving Otara movement