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Budget for FY2010 (Proposed)
The proposed budget is shown below (where detail is broken out it is to assist individuals/committees in understanding what they might spend).
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| Budget
| Actual
| | Operations
| (28,348)
| (28,161)
| | Net cost of running the Community Center including maintenance, office supplies, cleaning, as well as all utility costs (indexed by the average increase in cost last year).
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| | Maintenance
| 3,767
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| | Secretariat
| 895
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| | Rentals
| 10,499
| 11,199
| | Net proceeds from Community Center rentals, including Iditarod, receipts from Iditarod kitchen.
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| | Fund Raising
| 21,898
| 15,381
| | Net proceeds from Oktoberfest, Carnival, Bazaar.
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| | Donations
| (3,649)
| (3,370)
| | Donations from WACO to support various community events, local organizations and scholarships.
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| | Clean up day
| (425)
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| | July 4th
| (1,407)
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| | Lions Ad
| (500)
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| | Holiday Dinner
| (317)
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| | Scholarships
| (1,000)
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| | Increase (decrease) for year
| 400
| (4,951)
| | Forecast increase/decrease to assets for the year. This figure indicates a balanced budget.
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Mar 2, 2009
| Average Daily |
| Operational Cost |
| FY 2007 | 123.07 |
| FY 2008 | 93.87 |
| FY 2009 | 75.20 |
| FY 2010 | (budget) 77.67 | 77.15 |
Notes on budget
- I consider this a balanced budget.
- Forecast figures are largely based on actual figures for FY2009 “with the bumps taken out” (anticipated carnival income has been reduced from that of FY2009; electricity costs have been increased by the recent rate hike); I will continue to show last years period-to-date figures on monthly reports because—
- if we spend/accumulate funds at or below last years rate we will end the year with a net increase to the bank (or, perhaps, no decrease);
- it is relatively easy to do (rather than try to accumulate budget amounts for each line item for each month and account for seasonality).
- Gaming (specifically, pull tab) income is not shown. I will also continue to graph net cash flow based on actual amounts, but to forecast without pull-tab monies. This is a safe, conservative approach.
- [Fron last year’s budget notes] Should we continue to receive income from pull-tabs we will end the year with a very healthy bank balance. A procedure has been developed to help prioritize any spending of “surplus”.
- A budget is a planning tool. Just because an amount exists in the budget for some activity does not mean you are entitled to spend that money.
- This budget will be presented for final approval by the Board next May (Bylaws VI.1.D.5).
Mike Bishop
Notes on actual
- We met budget on everything except Fund Raising. Both Oktoberfest and Carnival proceeds were below that expected, resulting in a “loss” for the year;
- When gaming revenue’s are included we actually showed an increase of ~$5K for FY2010 (after accounting for the “SWM” program).
Mar 19, 2010
Ways and Means Committee
Vincent Veit, Treasurer, WACO
Phone:7970 Email: tres@waco-ak.org
Krista Grilliot • Ronnie Widner
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