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09-27-2023 Council Packet
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09-27-2023 Council Packet
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financials <br />operating revenues & expenditures <br />*Core Mission Support is the infrastructure that supports <br />our services across the agency and assures the highest level <br />of accountability to our clients, community, and funders. <br />Included are the costs to maintain our facilities, security, <br />technology and data management, financial accounting, <br />etc. A total of 5.1% is used to secure the future resources <br />that fuel our work. <br />Tubman ended the 2022 fiscal year with a modest surplus. As of September 30, 2022, Tubman's net <br />assets totaled $15,095,284, of which $7,117,507 (47%) are designated for future depreciation of property <br />and equipment, $2,535,492 (17%) are designated for repair and replacement, cash flow and staff <br />compensation reserves, and $1,586,256 (11%) is restricted for the Great Dreams Campaign. <br />Tubman's sources of revenue remained stable, with a mix of government support, program service fees, <br />and contributions. Operating expenditures remained stable as well, allowing Tubman to make modest <br />personnel investments necessary to attract and retain outstanding staff expertise to fuel our mission <br />while serving approximately 17,700 people last year. <br />2022 Tubman Annual Report | 7
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