CALISTHENICS VICTORIA INC
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GOAL 4.<br />
IMPROVE<br />
FINANCIAL<br />
SUSTAINABILITY<br />
ACTION<br />
LONG TERM TARGET.<br />
A sport with a strong and sustainable financial position to support growth<br />
and development.<br />
Develop investment strategies.<br />
To achieve this Calisthenics Victoria will work towards the following actions and outcomes.<br />
Develop and implement a revised Sponsorship Plan.<br />
STRATEGY 4.1 IDENTIFY OPPORTUNITIES TO DIVERSIFY REVENUE STREAMS.<br />
Identify relevant grant opportunities with Government,<br />
Trusts & Foundations.<br />
Review and strengthen merchandise opportunities.<br />
ACTION<br />
OUTCOME<br />
Supporting 1% annual increase in total revenue for<br />
reinvestment.<br />
Clear plan and corporate benefits linked to financial targets.<br />
Applications submitted for relevant grant opportunities in<br />
support of the strategic plan.<br />
Annual 2% increase in merchandise revenue.<br />
KPI - 1% <strong>INC</strong>REASE IN ANNUAL TOTAL REVENUE FOR REINVESTMENT.<br />
STRATEGY 4.2 ACHIEVE COST EFFICIENCIES WITHOUT COMPROMISING DELIVERY OF THE SPORT.<br />
Ensure effective budget management.<br />
OUTCOME<br />
No budget overspends, accountability and responsible<br />
financial management.<br />
Regular review of preferred suppliers and service<br />
agreements.<br />
Comprehensive review of suppliers achieving recommended<br />
price and cost efficiencies.<br />
KPI - TOTAL OPERATIONAL COST REMAINS UNCHANGED FOR 3 YEARS. (SUBJECT TO CPI)<br />
$<br />
$<br />
$<br />
ACTION<br />
Build Financial Management tools and requirements into<br />
Star Club Program level 3*.<br />
* Links with strategy 1.3.<br />
3.3.2 Host a financial workshop as part of the<br />
‘Club Workshop Development series’*.<br />
* Links with strategy 1.6.<br />
ACTION<br />
Engage external consultant to conduct venue feasibility<br />
study.<br />
STRATEGY 4.3 BUILD FINANCIAL CAPACITY WITHIN OUR CLUBS.<br />
OUTCOME<br />
Star Club Program rewards and acknowledges healthy<br />
financial club management.<br />
Improve financial knowledge and practice of club<br />
administrators.<br />
KPI - 30% OF CLUBS ACHIEVE STAR CLUB LEVEL 3 BY DECEMBER 2018.<br />
STRATEGY 4.4 INVEST IN A VENUE FEASIBILITY STUDY.<br />
OUTCOME<br />
Recommendations to be included in 2019 – 2021 Strategic<br />
Plan.<br />
KPI - CVI SHARES COMPLETED FEASIBILITY STUDY WITH MEMBERSHIP.<br />
16<br />
17
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