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February 2017

 

Revised FA budget approved
Peter DiGregorio

 

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

On February 16, 2017, the Executive Committee approved a revised budget for the 2016-17 academic year. 

The original EC budget approved back in September included a total full-time count that was 22 faculty members over the actual count.  

In addition, enrollment reports indicate that there are approximately 85 fewer sections than there were in the Spring 2016 semester.  This may result in a lower aggregate adjunct total, which could further impact the budget. 

The revised budget is below, accounting for the decrease in both membership dues income and per capita dues paid to NYSUT/AFT.

 
2015-16
Projected
2015-16 Budgeted
2016-17
Adopted
Budget
2016-17
Revised
Budget
INCOME BY SOURCE
Membership dues
835,189
861,640
880,945
857,304
Interest
160
351
325
325
Total received >
$835,349
$861,991
$881,270
$857,629
EXPENSES BY FUNCTION
Office services - Salary
62,531
65,714
64,107
64,107
Office services - Payroll tax
31,134
32,119
33,090
33,090
Office supplies
5,775
11,421
6,500
6,500
Office capital expense
12,000
8,157
12,000
12,000
Telephone (communication)
8,160
12,916
6,000
6,000
Mail
2,500
2,271
8,700
8,700
Office and Association insurance
1,400
1,396
1,400
1,400
NYSUT/AFT delegate assembly costs
24,690
15,249
5,310
5,310
Workshops and seminar attendance
11,385
9,588
14,835
14,835
Negotiations/legal/
grievance
20,000
11,970
25,000
25,000
Publications and public relations costs
28,133
31,485
29,175
29,175
Membership services
17,200
20,088
17,200
17,200
Stipends: Officer and other
46,156
45,030
45,916
45,916
Administrative expenses
7,200
8,696
7,200
7,200
SCOPE/NYCOSH
2,900
350
2,900
2,900
Insurance expense - NYS disability
525
530
525
525
Audit expenses
7,500
7,500
7,500
7,500
Other disbursements
175
-
175
175
Local expenses subtotal >
$289,364
$284,480
$287,533
$287,533
Per capita dues - NYSUT/AFT
544,351
558,193
566,865
554,882
Total expenses >
833,715
842,672
854,398
842,415
Total received >
835,349
861,991
881,270
857,629
Gross surplus (deficit)
$1,634
$19,318
$26,872
$15,214
Cash status: Net cash at end of year
-
156,617
183,489
171,831
MEMBERSHIP (AS OF JUNE)
Full-time members
482
-
486
464
Adjunct members
1,630
-
1,486
1,486
Total >
2,112
-
1,972
1,950