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September 2018

 

FA budget for 2018-19
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 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.

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