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September 2019

FA budget for 2019-20

Peter DiGregorio

 

budget
The proposed FA budget must be approved by the EC every year. (photo by Cynthia Eaton)

In keeping with the duties of the treasurer as outlined in the FA Constitution, my responsibility is to prepare a proposed annual budget in conjunction with the budget committee.

The proposed budget for 2019-20, below, was presented, discussed and approved unanimously by your elected representatives of the FA Executive Council during our meeting on Thursday, September 29, 2019.

 
Projected (2)
2018-19
 
Budgeted
2018-19
 
Budget
2019-20
 
INCOME BY SOURCE
 
 
 
   
 
Membership Dues
827,890
 
800,854
 
803,236
 
Interest & Misc.
2,838
 
1,500
 
2,394
 
TOTAL RECEIVED
$830,729
 
$802,354
 
$805,630
 
EXPENSES BY FUNCTION ($)
           
Office Services
65,190
 
65,189
 
65,958
 
Employee Taxes/ Benefits
35,764
 
34,738
 
37,695
 
Office Supplies
6,595
 
4,525
 
4,525
 
Office Capital Expense
20,817
 
13,026
 
18,042
 
Telephone/
Data Package
6,030
 
6,720
 
6,400
 
Mailing
2,633
 
6,950
 
3,650
 
Office and Assoc.
Insurance
500
 
1,599
 
550
 
NYSUT/AFT Delegate
Assembly
2,016
 
11,195
 
9,900
 
Workshops and Seminars
12,303
 
20,650
 
13,850
 
Negotiations, Legal, Grievances
11,291
 
15,000
 
15,000
 
Publications & Public Relations
29,889
 
28,942
 
29,577
 
Membership Services
32,515
 
18,800
 
19,800
 
Stipends
47,562
 
47,562
 
48,030
 
Administrative Expenses
8,775
 
7,500
 
8,000
 
SCOPE/NYCOSH Expenses
3,236
 
6,200
 
6,200
 
Insurance Expense
647
 
425
 
650
 
Audit
7,500
 
7,500
 
7,500
 
Other Disbursements
266
 
300
 
300
 
TOTAL EXPENSES SUBTOTAL
293,529
 
296,821
 
295,627
 
Per Capita Dues NYSUT/AFT (1)
526,123
63.5%
504,783
 
509,700
63.5%
TOTAL EXPENSES
819,652
 
801,604
 
805,327
 
TOTAL RECEIVED
830,729
 
802,354
 
805,630
 
Gross Surplus (Deficit)
$11,077
 
$750
 
$303
 
 
 
 
 
 
 
 
CASH STATUS
 
 
 
 
 
 
Net Cash at End of Year (3)
$271,392
 
$261,065
 
$271,695
 
 
 
 
 
 
 
 
MEMBERSHIP STATUS
 
 
 
 
 
 
Full Time
470
 
463
 
454
 
Adjunct
1,267
 
1,200
 
1,215
 
TOTAL
1,737
 
1,663
 
1,669
 
PER CAPS (PER MEMBER)
 
 
 
     
Full time
$609.36
 
$609.36
 
$612.96
 
Adjunct
3/4 dues
$399.18
 
$399.18
 
$400.98
 
Adjunct
1/2 dues
$304.68
 
$304.68
 
$306.48
 
Adjunct
1/4 dues
$152.34
 
$152.34
 
$153.24
 
Adjunct
1/8 dues
$76.18
 
$76.18
 
$76.62
 
 
NOTES TO BUDGET
  1. Per capita dues are also shown as a percentage of the membership dues as a broad check on calculations. Projected dues based on 2015-19 contractual rates.
  2. Based on actual results through July 31, 2019, and projected results through August 2019.
  3. Total accumulated funds (net cash at end of year) carried from line 23.
  4. The budget was approved by the Executive Council on August 29, 2019.