Risk management in the not-for-profit sector – enabling NFPs to deliver on their mission
Read full article Not-for-profit enterprises (NFPs) are often galvanised around delivering on a clear and compelling mission. The biggest obstacle to delivering that mission is often money, leading to non-critical functions being run as leanly as possible. Among the functions perceived as non-critical is often risk management. This article identifies key risks for NFPs and […]
How Should Aged Care be Funded?
The Aged Care Royal Commission is currently considering how aged care should be funded. During September 2020, Paul Keating put forward some interesting ideas about the role of the family home in financing aged care, which we think warrant further consideration. It has previously been suggested that the financial needs of the elderly, including aged […]
Determining reserves for aged care providers
Aged care providers must hold funds in reserve to pay for refunds of accommodation deposits. When residents have paid lump sums to partly or fully fund their accommodation costs, these deposits are refundable when they leave or pass away. These amounts are potentially useful to the business for investment in permitted capital expenditure, such as […]
Case Study – Barnardos Australia
Barnados Australia: The Special Needs of Financial Services Boards This is amongst the most rewarding work I’ve done. Without it, Barnardos ’ funding structures would not have changed – which has led to lives being positively transformed” – Adrian McGarva, PFS Consulting. In the late 2000s, out-of-home care for abused and neglected children in New […]
