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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 2018-19, below, was presented, discussed and approved unanimously by your elected representatives of the FA Executive Council during our meeting on Thursday, September 30, 2018.
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Projected (2)
2017-18
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Budgeted
2017-18 |
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Budget
2018-19 |
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INCOME BY SOURCE |
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Membership Dues
|
889,639 |
|
852,404 |
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800,854 |
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Interest & Misc.
|
504 |
|
375 |
|
1,500 |
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TOTAL RECEIVED
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$890,143 |
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$852,779 |
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$802,354 |
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EXPENSES BY FUNCTION ($) |
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|
|
|
|
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Office Services
|
65,147 |
|
65,189 |
|
65,189 |
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Employee Taxes/ Benefits
|
35,068 |
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33,621 |
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34,738 |
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Office Supplies
|
3,676 |
|
4,525 |
|
4,525 |
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Office Capital Expense
|
14,810 |
|
9,630 |
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13,026 |
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Telephone/
Data Package
|
7,297 |
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7,020 |
|
6,720 |
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Mailing
|
2,679 |
|
2,500 |
|
6,950 |
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Office and Assoc.
Insurance
|
1,499 |
|
1,425 |
|
1,599 |
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NYSUT/AFT Delegate
Assembly
|
13,159 |
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29,115 |
|
11,195 |
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Workshops and Seminars
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12,333 |
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16,050 |
|
20,650 |
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Negotiations, Legal, Grievances
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8,700 |
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15,000 |
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15,000 |
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Publications & Public Relations
|
35,740 |
|
27,243 |
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28,942 |
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Membership Services
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27,051 |
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20,800 |
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18,800 |
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Stipends
|
46,488 |
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46,488 |
|
47,562 |
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Administrative Expenses
|
7,225 |
|
7,500 |
|
7,500 |
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SCOPE/NYCOSH Expenses
|
3,586 |
|
2,900 |
|
6,200 |
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Insurance Expense
|
496 |
|
425 |
|
425 |
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Audit
|
7,500 |
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7,500 |
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7,500 |
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Other Disbursements
|
205 |
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125 |
|
300 |
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TOTAL EXPENSES SUBTOTAL |
292,659 |
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297,056 |
|
296,821 |
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Per Capita Dues NYSUT/AFT (1)
|
550,069 |
61.8% |
553,327 |
64.9% |
504,783 |
63.0% |
TOTAL EXPENSES |
842,728 |
|
850,383 |
|
801,604 |
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TOTAL RECEIVED |
890,143 |
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852,779 |
|
802,354 |
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Gross Surplus (Deficit)
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$47,415 |
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$2,396 |
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$750 |
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|
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CASH STATUS |
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Net Cash at End of Year (3) — $215,491
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$262,907 |
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$217,887 |
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$263,657 |
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MEMBERSHIP STATUS |
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Full Time
|
477 |
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470 |
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470 |
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Adjunct
|
1,498 |
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1,498 |
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1,498 |
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TOTAL |
1,975 |
|
1,968 |
|
1,968 |
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PER CAPS (PER MEMBER) |
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Full time
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$609.36 |
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$609.36 |
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$609.36 |
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Adjunct
3/4 dues
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$399.18 |
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$399.18 |
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$399.18 |
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Adjunct
1/2 dues
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$304.68 |
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$304.68 |
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$304.68 |
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Adjunct
1/4 dues
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$152.34 |
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$152.34 |
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$152.34 |
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Adjunct
1/8 dues
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$76.18 |
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$76.18 |
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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, 2018, and projected results through August 2018.
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Total accumulated funds (net cash at end of year) carried from line 23.
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