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September 2017

 

FA budget for 2017-18
Peter DiGregorio

 

budget
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.

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