 |
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 2020-21, below, was presented, discussed and approved unanimously by your elected representatives of the FA Executive Council during our meeting on Thursday, August 27, 2020.
|
Projected (2)
2019-20
|
|
Budgeted
2019-20 |
|
Approved
(4)
2020-21
|
|
INCOME BY SOURCE |
|
|
|
|
|
|
Membership Dues
|
814,116 |
|
803,236 |
|
773,200 |
|
Interest & Misc.
|
1,773 |
|
2,394 |
|
645 |
|
TOTAL RECEIVED
|
$815,889 |
|
$805,630 |
|
$773,845 |
|
EXPENSES BY FUNCTION ($) |
|
|
|
|
|
|
Office Services
|
65,958 |
|
65,958 |
|
66,850 |
|
Employee Taxes/ Benefits
|
36,816 |
|
37,695 |
|
39,134 |
|
Office Supplies
|
3,307 |
|
4,525 |
|
4,725 |
|
Office Capital Expense
|
16,285 |
|
18,042 |
|
15,550 |
|
Telephone/
Data Package
|
5,918 |
|
6,400 |
|
6,400 |
|
Mailing
|
4,714 |
|
3,650 |
|
7,370 |
|
Office and Assoc.
Insurance
|
500 |
|
550 |
|
550 |
|
NYSUT/AFT Delegate
Assembly
|
0 |
|
9,900 |
|
4,290 |
|
Workshops and Seminars
|
9,753 |
|
13,850 |
|
8,950 |
|
Negotiations, Legal, Grievances
|
12,783 |
|
15,000 |
|
15,000 |
|
Publications & Public Relations
|
32,919 |
|
29,577 |
|
31,244 |
|
Membership Services
|
15,195 |
|
19,800 |
|
13,200 |
|
Stipends
|
48,606 |
|
48,030 |
|
49,728 |
|
Administrative Expenses
|
5,191 |
|
8,000 |
|
5,000 |
|
SCOPE/NYCOSH Expenses
|
3,236 |
|
6,200 |
|
6,200 |
|
Insurance Expense
|
779 |
|
650 |
|
800 |
|
Audit
|
7,500 |
|
7,500 |
|
7,500 |
|
Other Disbursements
|
0 |
|
300 |
|
300 |
|
TOTAL EXPENSES SUBTOTAL |
269,460 |
|
295,627 |
|
282,791 |
|
Per Capita Dues NYSUT/AFT (1)
|
512,589 |
63% |
509,700 |
|
490,775 |
63.5% |
TOTAL EXPENSES |
782,049 |
|
805,327 |
|
773,566 |
|
TOTAL RECEIVED |
815,889 |
|
805,630 |
|
773,845 |
|
Gross Surplus (Deficit)
|
$33,841 |
|
$303 |
|
$279 |
|
|
|
|
|
|
|
|
CASH STATUS |
|
|
|
|
|
|
Net Cash at End of Year (3)
|
$297,803 |
|
$264,265 |
|
$298,082 |
|
|
|
|
|
|
|
|
MEMBERSHIP STATUS |
|
|
|
|
|
|
Full Time
|
447 |
|
454 |
|
430 |
|
Adjunct
|
1,190 |
|
1,200 |
|
1,190 |
|
TOTAL |
1,637 |
|
1,654 |
|
1,620 |
|
PER CAPS (PER MEMBER) |
|
|
|
|
|
|
Full time
|
$612.96 |
|
$612.96 |
|
$612.96 |
|
Adjunct
3/4 dues
|
$400.98 |
|
$400.98 |
|
$400.98 |
|
Adjunct
1/2 dues
|
$306.48 |
|
$306.48 |
|
$306.48 |
|
Adjunct
1/4 dues
|
$153.24 |
|
$153.24 |
|
$153.24 |
|
Adjunct
1/8 dues
|
$76.62 |
|
$76.62 |
|
$76.62 |
|
| |
NOTES TO BUDGET
-
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.
-
Based on actual results through July 31, 2020, and projected results through August 2020.
-
Total accumulated funds (net cash at end of year) carried from line 23.
-
The budget was approved by the Executive Council on August 27, 2019.
|
|
