Page 25 - Association of ADFAS, Strategic Plan 2020-2026, Book Format, Version 2.05b (PFarr, 23Oct2020)_Classical

Association of ADFAS Strategic Plan 2020-2026: ‘Embracing the Arts, enriching Australia’

8.5 Preliminary Strategic Plan Budget 8.6 Sources of Funds

Table 9. Preliminary Strategic Plan Budget The Budgetary Net Costs of the nominated priority items from Section 7 are
(Association Only) estimated in Table 8 as $67K once off and $45K recurring annual. The impact of
STRATEGIC PRIORITY Budget $K the once-off costs will depend on which FY they occur.
Time Frame
(Association Only)
Recurring from The Success Indicators listed in Table 8 will be the payoff for this strategic
Once-off
2021 investment. In particular, a larger total national organisation should yield increased
A. Strengthen the ADFAS Organization economies of scale, as well as being more resilient.

Best Practice Governance Standards § End CY 2022 5 The source of funds needs to be established in an associated rolling Financial
§ End CY 2020 3 Plan (the National Treasurer and EC to prepare, and Council to approve).
Improve communication 2020-2021 3
Improve education and support for volunteers 2020 & ongoing 4 Notes:
including inter-Society support
Reconfigure structure and costs Annually 1. Association’s Reserves of ~$743K can be utilised prudently for items of high
5 priority in Table 9.
2020-2025 2. Prospective recurrent saving of approx. $37K pa by not holding an annual
Financial Sustainability Measures § 2020-2025 Net Savings September conference.
§ 2020-2021 =~$37K pa
Increase membership of existing Societies 2020, 2021 & Ongoing 5
Increase number of Societies Aim for 4 new societies by 2025 20
Resource Planning: Information, 2020-2022 11
Communication and Technology (ICT)
B. Build Strategic Relationships to
Support ADFAS Outcomes
Communication/Marketing and Promotion 2021 onwards 55
Alliances 2021 onwards
C. Enhance ADFAS Activities
Diversify lectures/ programs 2020 Ongoing 3
Diversify activities for wider appeal
2021 ongoing 3
D. COVID-19 Impacts and Mitigation 2020, 2021
Strategy
Health and Safety 2020, 2021 3
Continuity of Service to Societies 2020, 2021 5
Managing Business Finances/Performance 2020, 2021 5
Longer term consequences 2021-2025 5
Contingency items not specified 2020-2025 10 4
Total 67 45

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