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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 & Bylaws, my responsibility is to prepare a proposed annual budget in conjunction with the budget committee.
The proposed budget for 2021-22, below, was presented, discussed and approved unanimously by your elected representatives of the FA Executive Council during our meeting on Thursday, August 26, 2021.
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Projected (2)
2020-21
|
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Budgeted
2020-21 |
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Approved
(4)
2021-22
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INCOME BY SOURCE |
|
|
|
|
|
|
Membership Dues
|
703,679 |
|
773,200 |
|
680,002 |
|
Interest & Misc.
|
52 |
|
645 |
|
120 |
|
TOTAL RECEIVED
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$703,731 |
|
$773,845 |
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$680,122 |
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EXPENSES BY FUNCTION ($) |
|
|
|
|
|
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Office Services
|
66,815 |
|
66,850 |
|
67,697 |
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Employee Taxes/ Benefits
|
38,135 |
|
39,134 |
|
40,229 |
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Office Supplies
|
2,856 |
|
4,725 |
|
3,225 |
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Office Capital Expense
|
20,458 |
|
15,550 |
|
10,118 |
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Telephone/
Data Package
|
6,525 |
|
6,400 |
|
6,720 |
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Mailing
|
4,288 |
|
7,370 |
|
3,370 |
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Office and Assoc.
Insurance
|
500 |
|
550 |
|
550 |
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NYSUT/AFT Delegate
Assembly
|
0 |
|
4,290 |
|
5,650 |
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Workshops and Seminars
|
287 |
|
8,950 |
|
10,450 |
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Negotiations, Legal, Grievances
|
7,575 |
|
15,000 |
|
11,000 |
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Publications & Public Relations
|
28,135 |
|
31,244 |
|
25,640 |
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Membership Services
|
8,303 |
|
13,200 |
|
6,200 |
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Stipends
|
49,728 |
|
49,728 |
|
50,976 |
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Administrative Expenses
|
1,814 |
|
5,000 |
|
2,500 |
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SCOPE/NYCOSH Expenses
|
3,236 |
|
6,200 |
|
6,200 |
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Insurance Expense
|
1,161 |
|
800 |
|
1,200 |
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Audit
|
7,500 |
|
7,500 |
|
8,000 |
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Other Disbursements
|
0 |
|
300 |
|
300 |
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TOTAL EXPENSES SUBTOTAL |
247,315 |
|
282,791 |
|
260,025 |
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Per Capita Dues NYSUT/AFT (1)
|
434,213 |
61.7% |
490,775 |
|
419,900 |
61.8% |
TOTAL EXPENSES |
681,528 |
|
773,566 |
|
679,925 |
|
TOTAL RECEIVED |
703,731 |
|
773,845 |
|
680,122 |
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Gross Surplus (Deficit)
|
$22,203 |
|
$279 |
|
$197 |
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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)
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$325,814 |
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$303,890 |
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$326,011 |
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|
|
|
|
|
|
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MEMBERSHIP STATUS |
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|
|
|
|
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Full Time
|
418 |
|
430 |
|
410 |
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Adjunct
|
952 |
|
1,190 |
|
850 |
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TOTAL |
1,370 |
|
1,620 |
|
1,260 |
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PER CAPS (PER MEMBER) |
|
|
|
|
|
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Full time
|
$612.96 |
|
$612.96 |
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$617.76 |
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Adjunct
3/4 dues
|
$400.98 |
|
$400.98 |
|
$403.38 |
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Adjunct
1/2 dues
|
$306.48 |
|
$306.48 |
|
$308.88 |
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Adjunct
1/4 dues
|
$153.24 |
|
$153.24 |
|
$154.44 |
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Adjunct
1/8 dues
|
$76.62 |
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$76.62 |
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$77.22 |
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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 2019-22 contractual rates.
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Based on actual results through July 31, 2021, and projected results through August 2021.
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Total accumulated funds (net cash at end of year) carried from line 23.
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The budget was approved by the Executive Council on August 26, 2021.
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