Investor Presentaiton
VITL Revenue
State Contracts
CY20
FY24
Statement
of Activities
Total Contracts
FY23
FY23
Variance
Item
FY22
Audited
Financials
Original
Approved
Budget
Jan. 2023
Amended
FY23
Year End
Forecast
FY24
Proposed
Budget
Budget
FY24 Proposed
Budget & FY23 YE
Forecast
588,345
CY21 M&O
CY21 DDI
1,473,889
3,695,250
1,443,338
1,439,054
CY22/23 M&O
3,023,188
CY22/23 DDI
605,269
Public Health Grant Revenue
6,564,294
1,897,799
262,500
6,246,376
2,987,030
658,701
6,228,776
2,139,316
730,107
698,000
71,406
(6,228,776)
(1,441,316)
SFY24 M&O
6,155,875
6,155,875
SFY24 DDI
3,204,800
Total State Contracts
OCV Contract
9,385,941
639,998
10,025,939
10,167,931
430,000
10,597,931
10,672,460
394,167
11,066,627
9,026,793
429,998
9,456,791
Patient Ping Fees
73,756
VITL Direct Fees
121,200
72,000
45,000
67,776
72,737
10,788,782
429,996
11,218,778
72,000
3,204,800
1,761,989
(2)
1,761,986
(737)
48,210
48,209
41,819
(6,391)
Collective Medical
1,375
2,500
2,500
1,375
1,375
Route Notification Fees
54,064
26,693
53,386
26,693
26,693
(0)
Total Program Fees
250,396
Misc. Revenue
6,592
146,193
9,000
171,873
147,639
141,887
(5,753)
57,680
78,866
60,000
(18,866)
Potential impacts to revenue
(150,000)
(150,000)
Total Revenue
$
10,282,927 $ 10,753,124 $
11,296,180 $
9,683,297 $
11,270,664 $
1,587,367
VITL Expenses
Labor Related Expenses
Labor Cost
Fringe
Total Labor Related Expenses
Material/Services
2,377,919
954,180
3,332,099
2,649,637
1,098,875
3,748,512
2,534,958
983,517
3,518,475
1,243,402
2,305,938
905,770
3,211,708
(1,243,402)
3,053,287
1,290,160
4,343,447
747,349
384,390
1,131,739
Network Expenses
Software
Outside Support
Education & Outreach
Travel
Supplies
Occupancy
419,552
3,106,334
678,797
3,308,537
2,060,377
2,107,200
682,802
3,252,114
2,706,470
533,239
2,345,151
580,723
2,596,203
47,484
251,052
2,370,031
2,758,533
388,502
45,488
157,076
150,576
131,609
189,900
58,291
2,965
30,000
30,000
16,274
72,100
55,826
9,136
10,850
10,590
10,687
25,950
15,263
116,318
63,120
63,120
30,124
26,752
(3,372)
Telecom
49,576
44,699
44,699
26,116
27,041
925
Insurance
94,875
163,190
163,190
112,634
145,690
33,056
Other
95,819
50,000
50,000
71,416
70,000
(1,416)
Training/Prof. Develop.
77,804
177,438
345,738
265,153
236,588
(28,565)
UFF Contract Costs
97,878
93,385
Loss Provision
Contingency
Total Material/Services
Total All Expenses
108,919
100,000
70,000
6,285,041
6,890,906
7,662,684
5,912,435
100,000
6,829,480
100,000
917,045
$
9,617,140 $
Change in Net Assets
$
665,787 $
10,639,418 $
113,706 $
11,181,159 $
115,020 $
9,124,143 $
559,154 $
11,172,927 $
97,737 $
2,048,784
(461,416)
Carry Forward Project Investment
Investment: Rhapsody Redesign
$
175,000 $
(175,000)
175,000
(175,000)
$
Creation of HDM Rebuild Reserve
(650,000)
Add back CAPEX
Adjusted Net Assets
$
665,787 $
(40,000)
73,706 $
(40,000)
(35,632)
(20,000)
75,020 $
(126,478) $
77,737 $
15,632
204,215View entire presentation