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The FA budget is approved by the Executive Council 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 2022-23, below, was presented, discussed and approved unanimously by your elected representatives of the FA Executive Council during our meeting on Thursday, August 25, 2022.
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Projected (2)
2020-21
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Budgeted
2020-21 |
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Approved
(4)
2022-23
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INCOME BY SOURCE |
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Membership Dues
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730,537 |
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680,002 |
|
720,203 |
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Interest, LAP & Misc.
|
523 |
|
120 |
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15,893 |
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TOTAL RECEIVED
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$731,060 |
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$680,122 |
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$736,096 |
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EXPENSES BY FUNCTION ($) |
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Office Services
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67,629 |
|
67,697 |
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68,556 |
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Employee Taxes/ Benefits
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40,399 |
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40,229 |
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42,193 |
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Office Supplies
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3,093 |
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3,225 |
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3,225 |
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Office Capital Expense
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14,359 |
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10,118 |
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10,248 |
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Telephone/
Data Package
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5,797 |
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6,720 |
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6,180 |
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Mailing
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2,070 |
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3,370 |
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4,332 |
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Office and Assoc.
Insurance
|
500 |
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550 |
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550 |
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NYSUT/AFT Delegate
Assembly
|
10,176 |
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5,650 |
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4,190 |
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Workshops and Seminars
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11,875 |
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10,450 |
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13,350 |
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Negotiations, Legal, Grievances
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7,902 |
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11,000 |
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8,000 |
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Publications & Public Relations
|
30,047 |
|
25,640 |
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21,226 |
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Membership Services
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9,945 |
|
6,200 |
|
2,700 |
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Stipends
|
50,976 |
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50,976 |
|
51,480 |
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Administrative Expenses
|
3,120 |
|
2,500 |
|
4,000 |
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SCOPE/NYCOSH Expenses
|
3,236 |
|
6,200 |
|
6,200 |
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Insurance Expense
|
1,223 |
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1,200 |
|
1,275 |
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Audit
|
8,000 |
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8,000 |
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8,000 |
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LAP Initiatives
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0 |
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0 |
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31,547 |
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Other Disbursements
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-17 |
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300 |
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300 |
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TOTAL EXPENSES SUBTOTAL |
270,330 |
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260,025 |
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287,592 |
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Per Capita Dues NYSUT/AFT (1)
|
455,152 |
62.3% |
419,900 |
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448,428 |
62.3% |
TOTAL EXPENSES |
681,528 |
|
679,925 |
|
736,020 |
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TOTAL RECEIVED |
725,482 |
|
680,122 |
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736,096 |
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Gross Surplus (Deficit)
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$5,578 |
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$197 |
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$76 |
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|
|
|
|
|
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CASH STATUS |
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Net Cash at End of Year (3)
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$339,631 |
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$334,249 |
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$339,707 |
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MEMBERSHIP STATUS |
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|
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Full Time
|
403 |
|
410 |
|
407 |
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Adjunct
|
996 |
|
850 |
|
975 |
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TOTAL |
1,399 |
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1,260 |
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1,382 |
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PER CAPS (PER MEMBER) |
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Full time
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$617.76 |
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$617.76 |
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$617.76 |
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Adjunct
3/4 dues
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$403.38 |
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$403.38 |
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$403.38 |
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Adjunct
1/2 dues
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$308.88 |
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$308.88 |
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$308.88 |
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Adjunct
1/4 dues
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$154.44 |
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$154.44 |
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$154.44 |
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Adjunct
1/8 dues
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$77.22 |
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$77.22 |
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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 are based on 2019-22 contractual rates.
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Based on actual results through July 31, 2022, and projected results through August 2022.
Total accumulated funds (net cash at end of year) carried from line 24.
The budget was approved by the Executive Council on August 25, 2022.
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