{"id":77,"date":"2020-10-20T16:57:25","date_gmt":"2020-10-20T16:57:25","guid":{"rendered":"http:\/\/www.slameeting.com\/bodjun2021\/?page_id=77"},"modified":"2021-06-28T18:28:19","modified_gmt":"2021-06-28T18:28:19","slug":"budget-to-actuals","status":"publish","type":"page","link":"https:\/\/www.slameeting.com\/bodjun2021\/budget-to-actuals\/","title":{"rendered":"Budget to Actuals"},"content":{"rendered":"\n
<\/div>\n\n\n\n

Budget to Actuals: FY-2021 (12\/01\/20 – 5\/31\/21) <\/h1>\n\n\n\n
<\/div>\n\n\n\n

Executive Summary<\/strong><\/p>\n\n\n\n

  • Revenue above target for first half of 2021<\/li>
  • Cash spend is anticipated to be 1% lower than budget<\/li>
  • On track to net $9.4mm in 2021, excluding final pension cost<\/li>
  • Pension plan amended: IRS and PBGC notified<\/li>
  • Brokerage account increased 44%, $3.96mm, since 12\/1\/20<\/li>
  • $3mm line of credit with zero draw<\/li><\/ul>\n\n\n\n\n\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
    <\/td>CASH INFLOW<\/td>Actuals Q1<\/td>Actuals Q2<\/td>Forecast Q3<\/td>Forecast Q4<\/td>2021 Forecast<\/td>2021 Budget<\/td>Variance ($)
    (-) Under
    Budget<\/td>    		Variance (%)
    (-) Under
    Budget<\/td>\n<\/tr>\n
    1<\/td>Stamping Fee Revenue<\/td>$6,774,587 <\/td>$6,896,834 <\/td>$8,635,251 <\/td>$6,893,327 <\/td>$29,200,000 <\/td>$25,250,000 <\/td>$3,950,000 <\/td>15.6%<\/td>\n<\/tr>\n
    2<\/td>Total Cash Inflow<\/td>$6,774,587 <\/td>$6,896,834 <\/td>$8,635,251 <\/td>$6,893,327 <\/td>$29,200,000 <\/td>$25,250,000 <\/td>$3,950,000 <\/td>15.6%<\/td>\n<\/tr>\n
    <\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
    <\/td>P&L CASH OUTFLOW<\/td>Actuals Q1<\/td>Actuals Q2<\/td>Forecast Q3<\/td>Forecast Q4<\/td>2021 Forecast<\/td>2021 Budget<\/td>Variance ($)
    (-) Under
    Budget<\/td>    		Variance (%)
    (-) Under
    Budget<\/td>\n<\/tr>\n
    5<\/td>Salaries & Benefits<\/td>$3,198,131 <\/td>$3,295,158 <\/td>$3,398,220 <\/td>$3,688,179 <\/td>$13,579,688 <\/td>$13,343,574 <\/td>$236,114 <\/td>2.0%<\/td>\n<\/tr>\n
    6<\/td>Temporary Help<\/td>$0<\/td>$34,705 <\/td>$0<\/td>$0<\/td>$34,705 <\/td>$20,000 <\/td>$14,705 <\/td>74.0%<\/td>\n<\/tr>\n
    7<\/td>Internship<\/td>$0<\/td>$0<\/td>$0<\/td>$0<\/td>$0<\/td>$75,000 <\/td>($75,000)<\/td>(100.00%)<\/td>\n<\/tr>\n
    8<\/td>Employee Relations<\/td>$33,093 <\/td>$10,000 <\/td>$49,800 <\/td>$45,600 <\/td>$138,493 <\/td>$152,860 <\/td>($14,367)<\/td>(9.40%)<\/td>\n<\/tr>\n
    9<\/td>Rent<\/td>$275,605 <\/td>$277,629 <\/td>$282,300 <\/td>$282,300 <\/td>$1,117,835 <\/td>$1,129,200 <\/td>($11,365)<\/td>(1.00%)<\/td>\n<\/tr>\n
    10<\/td>Insurance<\/td>$40,406 <\/td>$54,389 <\/td>$39,999 <\/td>$39,999 <\/td>$174,793 <\/td>$159,996 <\/td>$14,797 <\/td>9.0%<\/td>\n<\/tr>\n
    11<\/td>Taxes<\/td>$2,926 <\/td>$2,995 <\/td>$3,000 <\/td>$3,000 <\/td>$11,921 <\/td>$0<\/td>$11,921 <\/td>100.0%<\/td>\n<\/tr>\n
    12<\/td>Telecom<\/td>$118,215 <\/td>$132,860 <\/td>$134,475 <\/td>$134,475 <\/td>$520,025 <\/td>$479,700 <\/td>$40,325 <\/td>8.0%<\/td>\n<\/tr>\n
    13<\/td>Supplies<\/td>$41,432 <\/td>$59,719 <\/td>$88,250 <\/td>$57,775 <\/td>$247,176 <\/td>$271,050 <\/td>($23,874)<\/td>(8.80%)<\/td>\n<\/tr>\n
    14<\/td>Postage and Delivery<\/td>$8,203 <\/td>$4,507 <\/td>$15,000 <\/td>$15,000 <\/td>$42,710 <\/td>$60,000 <\/td>($17,290)<\/td>(28.80%)<\/td>\n<\/tr>\n
    15<\/td>Printing and Reproduction<\/td>$1,711 <\/td>$2<\/td>$13,700 <\/td>$9,900 <\/td>$25,312 <\/td>$39,400 <\/td>($14,088)<\/td>(35.80%)<\/td>\n<\/tr>\n
    16<\/td>Travel<\/td>$8,434 <\/td>$12,509 <\/td>$111,612 <\/td>$137,750 <\/td>$270,305 <\/td>$348,650 <\/td>($78,345)<\/td>(22.50%)<\/td>\n<\/tr>\n
    17<\/td>Events<\/td>$2,640 <\/td>$3,273 <\/td>$30,000 <\/td>$180,000 <\/td>$215,913 <\/td>$200,000 <\/td>$15,913 <\/td>8.0%<\/td>\n<\/tr>\n
    18<\/td>Equipment Rental<\/td>$14,919 <\/td>$14,116 <\/td>$20,001 <\/td>$20,001 <\/td>$69,036 <\/td>$80,004 <\/td>($10,968)<\/td>(13.70%)<\/td>\n<\/tr>\n
    19<\/td>Computing & Network<\/td>$56,237 <\/td>$34,301 <\/td>$60,000 <\/td>$58,000 <\/td>$208,538 <\/td>$259,000 <\/td>($50,462)<\/td>(19.50%)<\/td>\n<\/tr>\n
    20<\/td>Document Management<\/td>$9,711 <\/td>$10,375 <\/td>$2,250 <\/td>$2,250 <\/td>$24,585 <\/td>$22,200 <\/td>$2,385 <\/td>11.0%<\/td>\n<\/tr>\n
    21<\/td>Network<\/td>$0<\/td>$720<\/td>$6,000 <\/td>$6,000 <\/td>$12,720 <\/td>$81,600 <\/td>($68,880)<\/td>(84.40%)<\/td>\n<\/tr>\n
    22<\/td>Professional Services<\/td>$134,238 <\/td>$115,218 <\/td>$310,250 <\/td>$299,250 <\/td>$858,955 <\/td>$855,720 <\/td>$3,236 <\/td>0.0%<\/td>\n<\/tr>\n
    23<\/td>Software Support & Maintenance<\/td>$61,573 <\/td>$52,468 <\/td>$314,500 <\/td>$273,500 <\/td>$702,040 <\/td>$702,000 <\/td>$40<\/td>0.0%<\/td>\n<\/tr>\n
    24<\/td>Communications Mediums<\/td>$15,485 <\/td>$11,423 <\/td>$20,000 <\/td>$24,000 <\/td>$70,907 <\/td>$114,000 <\/td>($43,093)<\/td>(37.80%)<\/td>\n<\/tr>\n
    25<\/td>Professional Development<\/td>$10,760 <\/td>$65,889 <\/td>$96,900 <\/td>$96,900 <\/td>$270,449 <\/td>$340,715 <\/td>($70,266)<\/td>(20.60%)<\/td>\n<\/tr>\n
    26<\/td>Contributions<\/td>$51,027 <\/td>$10,617 <\/td>$50,000 <\/td>$43,000 <\/td>$154,643 <\/td>$160,000 <\/td>($5,357)<\/td>(3.30%)<\/td>\n<\/tr>\n
    27<\/td>Dues and Subscriptions<\/td>$66,718 <\/td>$35,462 <\/td>$38,589 <\/td>$28,120 <\/td>$168,889 <\/td>$170,611 <\/td>($1,722)<\/td>(1.00%)<\/td>\n<\/tr>\n
    28<\/td>Membership Engagement<\/td>$36,186 <\/td>$13,925 <\/td>$84,600 <\/td>$84,600 <\/td>$219,311 <\/td>$268,150 <\/td>($48,839)<\/td>(18.20%)<\/td>\n<\/tr>\n
    29<\/td>Miscellaneous<\/td>$943<\/td>$349<\/td>$300<\/td>$50,300 <\/td>$51,893 <\/td>$126,200 <\/td>($74,307)<\/td>(58.90%)<\/td>\n<\/tr>\n
    30<\/td>Bank Service Charges<\/td>$15,650 <\/td>$15,292 <\/td>$13,400 <\/td>$13,400 <\/td>$57,742 <\/td>$33,600 <\/td>$24,142 <\/td>72.0%<\/td>\n<\/tr>\n
    31<\/td>Total Operating Expense<\/td>$4,204,242 <\/td>$4,267,899 <\/td>$5,183,145 <\/td>$5,593,299 <\/td>$19,248,585 <\/td>$19,493,229 <\/td>($244,644)<\/td>(1.30%)<\/td>\n<\/tr>\n
    <\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
    <\/td>NON P&L CASH OUTFLOW<\/td>Actuals Q1<\/td>Actuals Q2<\/td>Forecast Q3<\/td>Forecast Q4<\/td>2021 Forecast<\/td>2021 Budget<\/td>Variance ($)
    (-) Under
    Budget<\/td>    		Variance (%)
    (-) Under
    Budget<\/td>\n<\/tr>\n
    34<\/td>CRM V1.0<\/td>$0<\/td>$0<\/td>$125,000 <\/td>$125,000 <\/td>$250,000 <\/td>$250,000 <\/td>$0<\/td>0.0%<\/td>\n<\/tr>\n
    35<\/td>SLA Learning Center Diversification Enhancements<\/td>$34,908 <\/td>$34,908 <\/td>$30,600 <\/td>$30,785 <\/td>$131,200 <\/td>$100,000 <\/td>$31,200 <\/td>31.2%<\/td>\n<\/tr>\n
    36<\/td>SLA Learning Center - On-Demand Course Creation<\/td>$16,665 <\/td>$16,665 <\/td>$18,500 <\/td>$22,170 <\/td>$74,000 <\/td>$60,000 <\/td>$14,000 <\/td>23.3%<\/td>\n<\/tr>\n
    37<\/td>SLA Data Analytics 2.0<\/td>$27,330 <\/td>$27,330 <\/td>$22,000 <\/td>$23,340 <\/td>$100,000 <\/td>$100,000 <\/td>$0<\/td>0.0%<\/td>\n<\/tr>\n
    38<\/td>Total Non P&L Cash Outflow<\/td>$78,903 <\/td>$78,903 <\/td>$196,100 <\/td>$201,295 <\/td>$555,200 <\/td>$510,000 <\/td>$45,200 <\/td>9.0%<\/td>\n<\/tr>\n
    <\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
    <\/td>CASH OUTFLOW<\/td>Actuals Q1<\/td>Actuals Q2<\/td>Forecast Q3<\/td>Forecast Q4<\/td>2021 Forecast<\/td>2021 Budget<\/td>Variance ($)
    (-) Under
    Budget<\/td>    		Variance (%)
    (-) Under
    Budget<\/td>\n<\/tr>\n
    41<\/td>Total Cash Outflow<\/td>$4,283,145 <\/td>$4,346,802 <\/td>$5,379,245 <\/td>$5,794,594 <\/td>$19,803,785 <\/td>$20,003,229 <\/td>($199,444)<\/td>(1.00%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    Budget to Actuals: FY-2021 (12\/01\/20 – 5\/31\/21) Executive Summary Revenue above target for first half of 2021 Cash spend is anticipated to be 1% lower than budget On track to net $9.4mm in 2021, excluding final pension cost Pension plan amended: IRS and PBGC notified Brokerage account increased 44%, $3.96mm, since 12\/1\/20 $3mm line of […]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"folder":[],"class_list":["post-77","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.slameeting.com\/bodjun2021\/wp-json\/wp\/v2\/pages\/77"}],"collection":[{"href":"https:\/\/www.slameeting.com\/bodjun2021\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.slameeting.com\/bodjun2021\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2021\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2021\/wp-json\/wp\/v2\/comments?post=77"}],"version-history":[{"count":27,"href":"https:\/\/www.slameeting.com\/bodjun2021\/wp-json\/wp\/v2\/pages\/77\/revisions"}],"predecessor-version":[{"id":1251,"href":"https:\/\/www.slameeting.com\/bodjun2021\/wp-json\/wp\/v2\/pages\/77\/revisions\/1251"}],"wp:attachment":[{"href":"https:\/\/www.slameeting.com\/bodjun2021\/wp-json\/wp\/v2\/media?parent=77"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/www.slameeting.com\/bodjun2021\/wp-json\/wp\/v2\/folder?post=77"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}