{"id":55,"date":"2020-09-19T01:00:07","date_gmt":"2020-09-19T01:00:07","guid":{"rendered":"http:\/\/www.slameeting.com\/sm2021\/?page_id=55"},"modified":"2021-09-20T17:13:16","modified_gmt":"2021-09-20T17:13:16","slug":"fy-2020-budget-to-actuals","status":"publish","type":"page","link":"https:\/\/www.slameeting.com\/sm2021\/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>
  • Expenses are anticipated to be 4.6% under budget ($923k).<\/li>
  • All long term 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>
    • 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 D&I, 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>
        • Create succession plan for senior staff.<\/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
          <\/td><\/td>2021 Budget to Actuals<\/td>\n<\/tr>\n
          1<\/td>CASH INFLOW<\/td>Q1-Q3 Actual<\/td>Q4 Forecast<\/td>2021 Forecast<\/td>2021 Budget<\/td>Variance ($)<\/td>Variance (%)<\/td>\n<\/tr>\n
          2<\/td>Stamping Fee Revenue<\/td> 22,978,362 <\/td>9,521,638<\/td>32,500,000<\/td>29,200,000<\/td>3,300,000<\/td>11.3%<\/td>\n<\/tr>\n
          3<\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
          4<\/td>Operating Expense<\/td>Q1-Q3 Actual<\/td>Forecast Q4<\/td>2021 Forecast<\/td>2021 Budget<\/td>Variance ($)
          (-) Under Budget<\/td>          		Variance (%)
          (-) Under Budget<\/td>\n<\/tr>\n
          5<\/td>Salaries & Benefits<\/td> 9,840,716 <\/td> 3,897,679 <\/td> 13,738,396 <\/td> 13,343,574 <\/td> 394,822 <\/td>3.0%<\/td>\n<\/tr>\n
          6<\/td>Temporary Help<\/td> 81,525 <\/td> 46,000 <\/td> 127,525 <\/td> 20,000 <\/td> 107,525 <\/td>537.6%<\/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> 76,774 <\/td> 45,600 <\/td> 122,374 <\/td> 152,860 <\/td> (30,486)<\/td>(19.94%)<\/td>\n<\/tr>\n
          9<\/td>Rent<\/td> 742,713 <\/td> 282,300 <\/td> 1,025,013 <\/td> 1,129,200 <\/td> (104,187)<\/td>(9.23%)<\/td>\n<\/tr>\n
          10<\/td>Insurance<\/td> 115,678 <\/td> 39,999 <\/td> 155,677 <\/td> 159,996 <\/td> (4,319)<\/td>(2.70%)<\/td>\n<\/tr>\n
          11<\/td>Taxes<\/td> 8,103 <\/td> 3,000 <\/td> 11,103 <\/td>-<\/td> 11,103 <\/td>100.0%<\/td>\n<\/tr>\n
          12<\/td>Telecom<\/td> 379,989 <\/td> 134,475 <\/td> 514,464 <\/td> 479,700 <\/td> 34,764 <\/td>7.2%<\/td>\n<\/tr>\n
          13<\/td>Supplies<\/td> 163,874 <\/td> 57,775 <\/td> 221,649 <\/td> 271,050 <\/td> (49,401)<\/td>(18.23%)<\/td>\n<\/tr>\n
          14<\/td>Postage and Delivery<\/td> 16,715 <\/td> 15,000 <\/td> 31,715 <\/td> 60,000 <\/td> (28,285)<\/td>(47.14%)<\/td>\n<\/tr>\n
          15<\/td>Printing and Reproduction<\/td> 3,814 <\/td> 9,900 <\/td> 13,714 <\/td> 39,400 <\/td> (25,686)<\/td>(65.19%)<\/td>\n<\/tr>\n
          16<\/td>Travel<\/td> 56,298 <\/td> 137,750 <\/td> 194,048 <\/td> 348,650 <\/td> (154,602)<\/td>(44.34%)<\/td>\n<\/tr>\n
          17<\/td>Events<\/td> 13,623 <\/td> 180,000 <\/td> 193,623 <\/td> 200,000 <\/td> (6,377)<\/td>(3.19%)<\/td>\n<\/tr>\n
          18<\/td>Equipment Rental<\/td> 45,117 <\/td> 20,001 <\/td> 65,118 <\/td> 80,004 <\/td> (14,886)<\/td>(18.61%)<\/td>\n<\/tr>\n
          19<\/td>Computing & Network<\/td> 102,465 <\/td> 58,000 <\/td> 160,465 <\/td> 259,000 <\/td> (98,535)<\/td>(38.04%)<\/td>\n<\/tr>\n
          20<\/td>Document Management<\/td> 30,315 <\/td> 2,250 <\/td> 32,565 <\/td> 22,200 <\/td> 10,365 <\/td>46.7%<\/td>\n<\/tr>\n
          21<\/td>Network<\/td> 2,520 <\/td> 6,000 <\/td> 8,520 <\/td> 81,600 <\/td> (73,080)<\/td>(89.56%)<\/td>\n<\/tr>\n
          22<\/td>Electronic Infrastructure<\/td>-<\/td>-<\/td>-<\/td>-<\/td>-<\/td>0.0%<\/td>\n<\/tr>\n
          23<\/td>Professional Services<\/td> 379,116 <\/td> 299,250 <\/td> 678,366 <\/td> 855,720 <\/td> (177,354)<\/td>(20.73%)<\/td>\n<\/tr>\n
          24<\/td>Software Support & Maintenance<\/td> 215,611 <\/td> 273,500 <\/td> 489,111 <\/td> 702,000 <\/td> (212,889)<\/td>(30.33%)<\/td>\n<\/tr>\n
          25<\/td>Communications Mediums<\/td> 34,155 <\/td> 24,000 <\/td> 58,155 <\/td> 114,000 <\/td> (55,845)<\/td>(48.99%)<\/td>\n<\/tr>\n
          26<\/td>Professional Development<\/td> 93,810 <\/td> 96,900 <\/td> 190,709 <\/td> 340,715 <\/td> (150,006)<\/td>(44.03%)<\/td>\n<\/tr>\n
          27<\/td>Contributions<\/td> 63,143 <\/td> 43,000 <\/td> 106,143 <\/td> 160,000 <\/td> (53,857)<\/td>(33.66%)<\/td>\n<\/tr>\n
          28<\/td>Dues and Subscriptions<\/td> 131,009 <\/td> 28,120 <\/td> 159,129 <\/td> 170,611 <\/td> (11,482)<\/td>(6.73%)<\/td>\n<\/tr>\n
          29<\/td>Membership Engagement<\/td> 80,312 <\/td> 84,600 <\/td> 164,912 <\/td> 268,150 <\/td> (103,238)<\/td>(38.50%)<\/td>\n<\/tr>\n
          30<\/td>Miscellaneous<\/td> 1,664 <\/td> 50,300 <\/td> 51,964 <\/td> 126,200 <\/td> (74,236)<\/td>(58.82%)<\/td>\n<\/tr>\n
          31<\/td>Bank Service Charges<\/td> 46,338 <\/td> 13,400 <\/td> 59,738 <\/td> 33,600 <\/td> 26,138 <\/td>77.8%<\/td>\n<\/tr>\n
          32<\/td>Interest Expense<\/td>-<\/td>-<\/td>-<\/td>-<\/td>-<\/td>0.0%<\/td>\n<\/tr>\n
          33<\/td>Total Operating Expense<\/td> 12,725,397 <\/td> 5,848,799 <\/td> 18,574,196 <\/td> 19,493,229 <\/td> (919,033)<\/td>(4.71%)<\/td>\n<\/tr>\n
          34<\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
          35<\/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
          36<\/td>CRM V1.0<\/td> 36,450 <\/td> 213,550 <\/td> 250,000 <\/td> 250,000 <\/td>-<\/td>0.0%<\/td>\n<\/tr>\n
          37<\/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
          38<\/td>SLA Learning Center - On-Demand Course Creation<\/td> 48,077 <\/td> 11,923 <\/td> 60,000 <\/td> 60,000 <\/td>-<\/td>0.0%<\/td>\n<\/tr>\n
          39<\/td>SLA Data Analytics 2.0<\/td> 87,410 <\/td> 12,590 <\/td> 100,000 <\/td> 100,000 <\/td>-<\/td>0.0%<\/td>\n<\/tr>\n
          40<\/td>Total Capital Expenditures<\/td> 268,324 <\/td> 238,063 <\/td> 506,387 <\/td> 510,000 <\/td> (3,613)<\/td>(0.71%)<\/td>\n<\/tr>\n
          41<\/td><\/td><\/td><\/td><\/td><\/td><\/td><\/td>\n<\/tr>\n
          42<\/td>Total Cash Outflow<\/td> 12,993,721 <\/td> 6,086,862 <\/td> 19,080,583 <\/td> 20,003,229 <\/td>($922,646)<\/td>(4.61%)<\/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. Expenses are anticipated to be 4.6% under budget ($923k). All long term 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\/sm2021\/wp-json\/wp\/v2\/pages\/55"}],"collection":[{"href":"https:\/\/www.slameeting.com\/sm2021\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.slameeting.com\/sm2021\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/sm2021\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.slameeting.com\/sm2021\/wp-json\/wp\/v2\/comments?post=55"}],"version-history":[{"count":23,"href":"https:\/\/www.slameeting.com\/sm2021\/wp-json\/wp\/v2\/pages\/55\/revisions"}],"predecessor-version":[{"id":779,"href":"https:\/\/www.slameeting.com\/sm2021\/wp-json\/wp\/v2\/pages\/55\/revisions\/779"}],"wp:attachment":[{"href":"https:\/\/www.slameeting.com\/sm2021\/wp-json\/wp\/v2\/media?parent=55"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/www.slameeting.com\/sm2021\/wp-json\/wp\/v2\/folder?post=55"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}