Answer Happy

1) Outline the team members that you
would communicate with in relation to planning a meeting and
discussing your concerns.
2) Identify the areas that you are
planning to discuss with these team members.
3) Outline HOW you would communicate
and liaise with the team that you have brought together.
4) List here the relevant policies
and procedures you believe would need to be reviewed in line with
minimizing the financial risks of the organisation.
5) Complete the FINANCIAL RISK
ANALYSIS Template below outlining your main areas of concern, costs
reduction, increasing income, etc.
(Add additional rows
as needed)
Financial Risks
Risk rating 1 (low) to 5 (extreme)
Plans to reduce identified risk
Date to review
1
2
3
4
5
Bounce Fitness 17B Evergreen Avenue Cairns 4870 Operating Statement August 2021 Income Membership Fees Clothing Sales 10 Session cards Casual attendance fees PT sessions Hi Protein Shakes Hi Protein Snacks Promotion 12W Fitness Challenge Total Income Cost of Sales Gross Profit Expenses General & Administrative Exp Phone and Internet Total General & Administrative Exp Advertising Operating Expenses Lease of Gym Machines Professional Fees Supplies for members Total Operating Expenses Employment Expenses Wages & Salaries Other Employer Expenses Total Employment Expenses Occupancy Costs Rent Water Total Occupancy Costs Total Expenses Operating Profit Other Income Other Expenses Net Profit/ (Loss) Budgeted $17,523.64 $540.91 $4,218.18 $776.36 $14,018.18 $500.00 $450.00 $12,409.10 $50,436.37 $50,436.37 $113.64 $113.64 $5,318.19 $23,000.00 $86.36 $23.00 $23,109.36 $21,675.64 $1,950.81 $23,626.45 $1,000.00 $260.32 $1,260.32 $53,427.96 ($2,991.59) ($2,991.59) Bounce Fitness 17B Evergreen Avenue Cairns 4870 Operating Statement September 2021 Income Membership Fees Clothing Sales 10 Session cards Casual attendance fees PT sessions Hi Protein Shakes Hi Protein Snacks Total Income Cost of Sales Cost of Sales - Clothing Hi Protein brand items Total Cost of Sales Gross Profit Expenses General & Administrative Exp Phone and Internet Total General & Administrativ Operating Expenses Lease of Gym Machines Professional Fees Supplies for members Total Operating Expenses Employment Expenses Wages & Salaries Other Employer Expenses Total Employment Expenses Occupancy Costs Rent Water Total Occupancy Costs Total Expenses Operating Profit Other Income Other Expenses Net Profit/ (Loss) Budgeted $18,403.63 $395.45 $9,227.28 $534.55 $19,607.27 $950.00 $675.00 $49,793.18 $1,136.36 $3,019.96 $4,156.32 $45,636.86 $113.64 $113.64 $23,000.00 $86.36 $23.00 $23,109.36 $21,075.64 $1,896.81 $22,972.45 $1,000.00 $260.32 $1,260.32 $47,455.77 ($1,818.91) ($1,818.91)