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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 2017-2018, below, was presented, discussed and approved unanimously by your elected representatives of the FA Executive Council during our meeting on Thursday, September 31, 2017.
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Projected (2)
2016-17
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Budgeted
2016-17 |
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Budget
2017-18 |
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INCOME BY SOURCE |
|
|
|
|
|
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Membership Dues
|
847,685 |
|
857,304 |
|
852,404 |
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Interest & Misc.
|
353 |
|
325 |
|
375 |
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TOTAL RECEIVED
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$848,038 |
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$857,629 |
|
$852,779 |
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EXPENSES BY FUNCTION ($) |
|
|
|
|
|
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Office Services
|
64,077 |
|
64,107 |
|
65,189 |
|
Employee Taxes/ Benefits
|
33,507 |
|
33,090 |
|
33,621 |
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Office Supplies
|
5,224 |
|
6,500 |
|
4,525 |
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Office Capital Expense
|
10,871 |
|
12,000 |
|
9,630 |
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Telephone/
Data Package
|
5,735 |
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6,000 |
|
7,020 |
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Mailing
|
2,344 |
|
8,700 |
|
2,500 |
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Office and Assoc.
Insurance
|
1,396 |
|
1,400 |
|
1,425 |
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NYSUT/AFT Delegate
Assembly
|
5,989 |
|
5,310 |
|
29,115 |
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Workshops and Seminars
|
8,334 |
|
14,835 |
|
16,050 |
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Negotiations, Legal, Grievances
|
12,673 |
|
25,000 |
|
15,000 |
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Publications & Public Relations
|
36,716 |
|
29,175 |
|
27,243 |
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Membership Services
|
16,471 |
|
17,200 |
|
20,800 |
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Stipends
|
50,163 |
|
45,916 |
|
46,488 |
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Administrative Expenses
|
7,204 |
|
7,200 |
|
7,500 |
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SCOPE/NYCOSH Expenses
|
2,850 |
|
2,900 |
|
2,900 |
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Insurance Expense
|
460 |
|
525 |
|
425 |
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Audit
|
7,500 |
|
7,500 |
|
7,500 |
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Other Disbursements
|
0 |
|
175 |
|
125 |
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TOTAL EXPENSES SUBTOTAL |
272,513 |
|
287,533 |
|
297,056 |
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Per Capita Dues NYSUT/AFT (1)
|
556,388 |
65.6% |
554,882 |
64.7% |
533,327 |
64.9% |
TOTAL EXPENSES |
828,902 |
|
842,415 |
|
850,383 |
|
TOTAL RECEIVED |
848,038 |
|
857,629 |
|
852,779 |
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Gross Surplus (Deficit)
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$19,136 |
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$15,214 |
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$2,396 |
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|
|
|
|
|
|
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CASH STATUS |
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|
|
|
|
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Net Cash at End of Year (3) — $193,586
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$212,722 |
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$208,800 |
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$215,118 |
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|
|
|
|
|
|
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MEMBERSHIP STATUS |
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|
|
|
|
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Full Time
|
470 |
|
464 |
|
470 |
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Adjunct
|
1,458 |
|
1,486 |
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1,498 |
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TOTAL |
1,928 |
|
1,950 |
|
1,968 |
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PER CAPS (PER MEMBER) |
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|
|
|
|
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Full time
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$606.36 |
|
$606.36 |
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$609.36 |
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Adjunct
3/4 dues
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$397.68 |
|
$397.68 |
|
$399.18 |
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Adjunct
1/2 dues
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$303.18 |
|
$303.18 |
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$304.68 |
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Adjunct
1/4 dues
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$151.59 |
|
$151.59 |
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$152.34 |
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Adjunct
1/8 dues
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$75.80 |
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$75.80 |
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$76.17 |
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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 based on 2015-19 contractual rates.
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Based on actual results through July 31, 2017, and projected results through August 2017.
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Total accumulated funds (net cash at end of year) carried from line 23.
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