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The FA budget is approved by the Executive Council every year. (photo by Cynthia Eaton) |
In keeping with the duties of the treasurer as outlined in the FA Constitution & Bylaws, my responsibility is to prepare a proposed annual budget in conjunction with the budget committee.
The proposed budget for 2023-24, below, was presented, discussed and approved unanimously by your elected representatives of the FA Executive Council during our meeting on Thursday, August 24, 2023.
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Projected (2)
2022-23
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Budgeted
2022-23 |
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Approved
(4)
2023-24
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INCOME BY SOURCE |
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Membership Dues
|
734,720 |
|
720,203 |
|
730,882 |
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Interest, LAP & Misc.
|
16,040 |
|
15,893 |
|
15,360 |
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TOTAL RECEIVED
|
750,760 |
|
736,096 |
|
746,242 |
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EXPENSES BY FUNCTION ($) |
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|
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Office Services
|
68,598 |
|
68,556 |
|
70,381 |
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Employee Taxes/ Benefits
|
39,026 |
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42,193 |
|
45,316 |
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Office Supplies
|
3,306 |
|
3,225 |
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3,225 |
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Office Capital Expense
|
10,404 |
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10,248 |
|
15,628 |
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Telephone/
Data Package
|
5,286 |
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6,180 |
|
5,400 |
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Mailing
|
1,990 |
|
4,332 |
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3,415 |
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Office and Assoc.
Insurance
|
500 |
|
550 |
|
600 |
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NYSUT/AFT Delegate
Assembly
|
4,285 |
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4,190 |
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8,150 |
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Workshops and Seminars
|
15,019 |
|
13,350 |
|
16,850 |
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Negotiations, Legal, Grievances
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8,350 |
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8,000 |
|
800 |
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Publications & Public Relations
|
21,594 |
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21,266 |
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28,482 |
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Membership Services
|
3,261 |
|
2,700 |
|
7,400 |
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Stipends
|
51,480 |
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51,480 |
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51,480 |
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Administrative Expenses
|
4,862 |
|
4,000 |
|
4,500 |
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SCOPE/NYCOSH Expenses
|
3,300 |
|
6,200 |
|
6,990 |
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Insurance Expense
|
1,206 |
|
1,275 |
|
1,350 |
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Audit
|
8,000 |
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8,000 |
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8,000 |
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LAP Initiatives
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39,815 |
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31,547 |
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12,400 |
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Other Disbursements
|
55 |
|
300 |
|
300 |
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TOTAL EXPENSES SUBTOTAL |
290,337 |
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287,592 |
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290,667 |
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Per Capita Dues NYSUT/AFT (1)
|
457,197 |
62.2% |
448,428 |
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455,539 |
62.3% |
TOTAL EXPENSES |
747,534 |
|
736,020 |
|
736,020 |
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TOTAL RECEIVED |
750,760 |
|
736,096 |
|
736,096 |
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Gross Surplus (Deficit)
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$3,226 |
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$76 |
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$36 |
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|
|
|
|
|
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CASH STATUS |
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Net Cash at End of Year (3)
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$348,601 |
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$345,451 |
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$348,637 |
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MEMBERSHIP STATUS |
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Full Time
|
403 |
|
407 |
|
392 |
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Adjunct
|
958 |
|
975 |
|
975 |
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TOTAL |
1,361 |
|
1,382 |
|
1,367 |
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PER CAPS (PER MEMBER) |
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|
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Full time
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$617.76 |
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$617.76 |
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$628.16 |
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Adjunct
3/4 dues
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$403.38 |
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$403.38 |
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$410.58 |
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Adjunct
1/2 dues
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$308.88 |
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$308.88 |
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$314.08 |
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Adjunct
1/4 dues
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$154.44 |
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$154.44 |
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$157.04 |
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Adjunct
1/8 dues
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$77.22 |
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$77.22 |
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$78.52 |
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NOTES TO BUDGET
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Per capita dues are also shown as a percentage of the membership dues as a broad check on calculations. Projected dues are based on 2019-22 contractual rates.
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Based on actual results through July 31, 2023, and projected results through August 2023.
Total accumulated funds (net cash at end of year) carried from line 24.
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The budget was approved by the Executive Council on August 24, 2023.
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