{"id":55,"date":"2020-09-19T01:00:07","date_gmt":"2020-09-19T01:00:07","guid":{"rendered":"http:\/\/www.slameeting.com\/bodoct2021\/?page_id=55"},"modified":"2021-10-15T16:45:08","modified_gmt":"2021-10-15T16:45:08","slug":"fy-2020-budget-to-actuals","status":"publish","type":"page","link":"https:\/\/www.slameeting.com\/bodoct2021\/fy-2020-budget-to-actuals\/","title":{"rendered":"Budget to Actuals"},"content":{"rendered":"\n
<\/div>\n\n\n\n

Budget to Actuals: FY2021 (12\/01\/2020 – 11\/30\/2021)<\/h1>\n\n\n\n
<\/div>\n\n\n\n

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

  • All expenses in current year were covered by operational cash. No brokerage funds needed.<\/li>
  • Cash Outflow is anticipated to be 0.09% under budget ($17k).<\/li>
  • All bad debt has been removed<\/li><\/ul>\n\n\n\n

    <\/p>\n\n\n\n

    Expense Outflow:<\/strong><\/p>\n\n\n\n

    • Salaries and benefits expected to increase due to inflation and retention of key employees<\/li>
    • Salaries and benefits includes final pension payment ($1mm) which is an unusual one-time event.<\/li>
    • Lower project and professional service costs due to greater use of internal resources<\/li>
    • Membership Engagement lower due to lack of in-person events<\/li><\/ul>\n\n\n\n

      <\/p>\n\n\n\n

      Successes:<\/strong><\/p>\n\n\n\n

      • Pension liability fully transferred<\/li>
      • Digital course content delivered to members quickly with internal studio<\/li>
      • New internal initiatives, like DEI, help keep SLA a leader in the industry<\/li><\/ul>\n\n\n\n

        Learning Points:<\/strong><\/p>\n\n\n\n

        • Adjust to a work from home first work force and keeping morale high and team engaged<\/li>
        • Increase SLA mark by attending more events and getting name out there.<\/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\n\t\n\t\n\t\n\t
          <\/td><\/td>2021 Budget to Actuals<\/td>\n<\/tr>\n
          1<\/td>CASH INFLOW<\/td>Dec-Sep Act<\/td>Oct\/Nov Fcst<\/td>2021 Forecast<\/td>2021 Budget<\/td>Variance ($)<\/td>Variance (%)<\/td>\n<\/tr>\n
          2<\/td>Stamping Fee Revenue<\/td>26,222,998 <\/td>6,277,001 <\/td>32,500,000 <\/td>29,200,000 <\/td>3,300,000 <\/td>11.3%<\/td>\n<\/tr>\n
          3<\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
          4<\/td>Operating Expense<\/td>Dec-Sep Act<\/td>Oct\/Nov Fcst<\/td>2021 Forecast<\/td>2021 Budget<\/td>Variance ($)
          (-) Under Budget<\/td>          		Variance (%)
          (-) Under Budget<\/td>\n<\/tr>\n
          5<\/td>Salaries & Benefits [A]<\/span><\/strong><\/td>12,066,761 <\/td>2,658,940<\/td>14,725,702<\/td>13,343,573<\/td>1,382,128 <\/td>10.4%<\/td>\n<\/tr>\n
          6<\/td>Temporary Help<\/td>88,179 <\/td>34,000<\/td>122,179<\/td>20,000<\/td>102,179 <\/td>510.9%<\/td>\n<\/tr>\n
          7<\/td>Internship<\/td>-<\/td>-<\/td>-<\/td>75,000<\/td>(75,000)<\/td>(100.00%)<\/td>\n<\/tr>\n
          8<\/td>Employee Relations<\/td>88,299 <\/td>30,233<\/td>118,533<\/td>152,860<\/td>(34,326)<\/td>(22.46%)<\/td>\n<\/tr>\n
          9<\/td>Rent<\/td>946,687 <\/td>188,200<\/td>1,134,887<\/td>1,129,200<\/td>5,687 <\/td>0.5%<\/td>\n<\/tr>\n
          10<\/td>Insurance<\/td>130,549 <\/td>26,666<\/td>157,215<\/td>159,996<\/td>(2,781)<\/td>(1.74%)<\/td>\n<\/tr>\n
          11<\/td>Taxes<\/td>9,295 <\/td>2,000<\/td>11,295<\/td>-<\/td>11,295 <\/td>100.0%<\/td>\n<\/tr>\n
          12<\/td>Telecom<\/td>405,896 <\/td>89,650<\/td>495,546<\/td>479,700<\/td>15,846 <\/td>3.3%<\/td>\n<\/tr>\n
          13<\/td>Supplies<\/td>165,376 <\/td>34,175<\/td>199,551<\/td>271,050<\/td>(71,498)<\/td>(26.38%)<\/td>\n<\/tr>\n
          14<\/td>Postage and Delivery<\/td>18,454 <\/td>10,000<\/td>28,454<\/td>60,000<\/td>(31,545)<\/td>(52.58%)<\/td>\n<\/tr>\n
          15<\/td>Printing and Reproduction<\/td>3,814 <\/td>7,000<\/td>10,814<\/td>39,400<\/td>(28,585)<\/td>(72.55%)<\/td>\n<\/tr>\n
          16<\/td>Travel<\/td>58,688 <\/td>82,666<\/td>141,355<\/td>348,649<\/td>(207,294)<\/td>(59.46%)<\/td>\n<\/tr>\n
          17<\/td>Events<\/td>21,122 <\/td>25,000<\/td>46,122<\/td>200,000<\/td>(153,877)<\/td>(76.94%)<\/td>\n<\/tr>\n
          18<\/td>Equipment Rental<\/td>49,881 <\/td>13,334<\/td>63,215<\/td>80,004<\/td>(16,788)<\/td>(20.98%)<\/td>\n<\/tr>\n
          19<\/td>Computing & Network<\/td>103,582 <\/td>40,000<\/td>143,582<\/td>259,000<\/td>(115,417)<\/td>(44.56%)<\/td>\n<\/tr>\n
          20<\/td>Document Management<\/td>33,715 <\/td>1,500<\/td>35,215<\/td>22,200<\/td>13,015 <\/td>58.6%<\/td>\n<\/tr>\n
          21<\/td>Network<\/td>2,520 <\/td>4,000<\/td>6,520<\/td>81,600<\/td>(75,080)<\/td>(92.01%)<\/td>\n<\/tr>\n
          22<\/td>Professional Services<\/td>405,336 <\/td>200,000<\/td>605,336<\/td>855,719<\/td>(250,382)<\/td>(29.26%)<\/td>\n<\/tr>\n
          23<\/td>Software Support & Maintenance<\/td>265,805 <\/td>169,000<\/td>434,805<\/td>702,000<\/td>(267,194)<\/td>(38.06%)<\/td>\n<\/tr>\n
          24<\/td>Communications Mediums<\/td>35,544 <\/td>16,000<\/td>51,544<\/td>114,000<\/td>(62,455)<\/td>(54.79%)<\/td>\n<\/tr>\n
          25<\/td>Professional Development<\/td>94,576 <\/td>70,399<\/td>164,975<\/td>340,715<\/td>(175,739)<\/td>(51.58%)<\/td>\n<\/tr>\n
          26<\/td>Contributions<\/td>63,143 <\/td>18,000<\/td>81,143<\/td>160,000<\/td>(78,856)<\/td>(49.29%)<\/td>\n<\/tr>\n
          27<\/td>Dues and Subscriptions<\/td>131,493 <\/td>17,665<\/td>149,158<\/td>170,610<\/td>(21,452)<\/td>(12.57%)<\/td>\n<\/tr>\n
          28<\/td>Membership Engagement<\/td>80,312 <\/td>56,400<\/td>136,712<\/td>268,150<\/td>(131,437)<\/td>(49.02%)<\/td>\n<\/tr>\n
          29<\/td>Miscellaneous<\/td>1,663 <\/td>50,200<\/td>51,863<\/td>126,200<\/td>(74,336)<\/td>(58.90%)<\/td>\n<\/tr>\n
          30<\/td>Bank Service Charges<\/td>53,324 <\/td>10,600<\/td>63,924<\/td>33,600<\/td>30,324 <\/td>90.3%<\/td>\n<\/tr>\n
          31<\/td>Total Operating Expense<\/td>15,324,026 <\/td>3,855,629<\/td>19,179,655<\/td>19,493,229<\/td>(313,573)<\/td>(1.61%)<\/td>\n<\/tr>\n
          32<\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
          33<\/td>Capital Expenditures<\/td>Q1-Q3 Actual<\/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>61,256 <\/td>188,744 <\/td>250,000 <\/td>250,000 <\/td>-<\/td>-<\/td>\n<\/tr>\n
          35<\/td>SLA Learning Center Diversification Enhancements<\/td>96,387 <\/td>-<\/td>96,387 <\/td>100,000 <\/td>(3,613)<\/td>(3.61%)<\/td>\n<\/tr>\n
          36<\/td>SLA Learning Center - On-Demand Course Creation<\/td>48,077 <\/td>11,923 <\/td>60,000 <\/td>60,000 <\/td>-<\/td>-<\/td>\n<\/tr>\n
          37<\/td>SLA Data Analytics 2.0<\/td>87,410 <\/td>12,590 <\/td>100,000 <\/td>100,000 <\/td>-<\/td>-<\/td>\n<\/tr>\n
          38<\/td>BR 450 Touch Up<\/td>-<\/td>200,000 <\/td>200,000 <\/td>-<\/td>200,000 <\/td>100.0%<\/td>\n<\/tr>\n
          39<\/td>BR 475 Touch Up<\/td>-<\/td>100,000 <\/td>100,000 <\/td>-<\/td>100,000 <\/td>100.0%<\/td>\n<\/tr>\n
          40<\/td>Total Capital Expenditures<\/td>293,130 <\/td>513,257 <\/td>806,387 <\/td>510,000 <\/td>296,387 <\/td>58.1%<\/td>\n<\/tr>\n
          41<\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
          42<\/td>Total Cash Outflow<\/td>15,617,156 <\/td>4,368,886 <\/td>19,986,042 <\/td>20,003,229 <\/td>(17,186)<\/td>(0.09%)<\/td>\n<\/tr>\n
          43<\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
          44<\/td>[A]<\/span><\/strong> Includes: Non Recurring Final Pension Cost<\/td><\/td><\/td>1,036,192<\/td><\/td><\/td><\/td>\n<\/tr>\n
          45<\/td>Adjusted Total Cash Outflow<\/td><\/td><\/td>18,949,851 \t \t \t<\/td>20,003,229<\/td>(1,053,379)<\/td>(5.3%)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n","protected":false},"excerpt":{"rendered":"

          Budget to Actuals: FY2021 (12\/01\/2020 – 11\/30\/2021) Executive Summary: All expenses in current year were covered by operational cash. No brokerage funds needed. Cash Outflow is anticipated to be 0.09% under budget ($17k). All bad debt has been removed Expense Outflow: Salaries and benefits expected to increase due to inflation and retention of key employees […]<\/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-55","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.slameeting.com\/bodoct2021\/wp-json\/wp\/v2\/pages\/55"}],"collection":[{"href":"https:\/\/www.slameeting.com\/bodoct2021\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.slameeting.com\/bodoct2021\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodoct2021\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/bodoct2021\/wp-json\/wp\/v2\/comments?post=55"}],"version-history":[{"count":26,"href":"https:\/\/www.slameeting.com\/bodoct2021\/wp-json\/wp\/v2\/pages\/55\/revisions"}],"predecessor-version":[{"id":988,"href":"https:\/\/www.slameeting.com\/bodoct2021\/wp-json\/wp\/v2\/pages\/55\/revisions\/988"}],"wp:attachment":[{"href":"https:\/\/www.slameeting.com\/bodoct2021\/wp-json\/wp\/v2\/media?parent=55"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/www.slameeting.com\/bodoct2021\/wp-json\/wp\/v2\/folder?post=55"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}