LINE ITEM GUIDE TO THE PROPOSED BUDGET FOR

Transcription

1 LINE ITEM GUIDE TO THE PROPOSED BUDGET FOR Summary (lines 1-14) The top box presents a summary of the budget with totals for the major income and expense categories. Our expenses for the next fiscal year are up 7.9%. You will also be able to compare 2 budget years. The first column is for (the year we are about to finish) and the proposed budget for This next fiscal year begins on April 1, Line Item Descriptions (lines ) Details supporting the Summary. INCOME Line 17 Pledges 65.9% of our income comes from pledges Line 18 Line 19 Line 20 Line 21 Line 22 Line 23 Pledges raised. - The results of The Annual Budget Drive. Uncollected Pledges - We deduct 3.5% of total pledges to account for those pledges that will not be fulfilled. UUFBR has a very high payment rate compared to other non-profits and congregations, but individual circumstances do change, people do move or die. Pledges collectable (line 18 minus line 20) - The ABD amount we can safely expect to receive. Pledge - First Time - New pledges of friends and members received after ABD ends. Pledge Prior Year - Paid late. Every year some complete their previous year s pledge after we have closed the books. Total Pledges The amount we can realistically expect to receive. Line 25 Other Income 33.6% of income Line 26 Sharex is short for sharing expenses and accounts for 17.8% of our budget. There are groups sharing our space: Sunflower, Institute for Learning in 1

2 Retirement, Southern Palm Zen Group, Kol Ami, Le Petite Prince, and 2 AA groups. We also have occasional users: Homeowner s Associations, Boca Symphonia.. This number is lower than last year because Sunflower, which has been with us for 20 years, is hoping to move into its own building. They have not made a final decision, and we do not have another sharex partner to replace them. Line 27 Line 28 Line 29 Line 30 Line 31 Line 32 Line 33 Flea Market - 3 flea markets (Oct, Jan May) and ebay sales Auction - Goods and services auction re-imagined into a larger one evening event, that members would feel comfortable inviting others to. Florida Earth Festival April UUFBR will receive money for use of space and a percentage of items sold. Since this is the first festival we have no idea what the $ will be. We think this is a conservative estimate. The final number could be higher. Fundraising Other Activities - i.e. concerts, artisan shows etc. Fundraising through the website. - A portal which will allows those of us who shop on the web to help UUFBR earn 1% of purchases. Plate - UUFBR s half of Share the Plate. Before we began this program, we budgeted 6K in this line and often only raised 5K. Giving half away we raise This experience, though counter-intuitive, has been replicated in other congregations. Health Insurance Refund - A federal program now expired. Note: Our fund raising efforts (lines 27-32) account for 15.8% of our budget. EXPENSES Lines Staff Compensation, Benefits, Taxes and Unemployment Insurance. 61.8% of expenses UUFBR employs 5 professional staff members and 3 Sunday School Teachers and child care providers. Salaries account for 48.8% of our budget, the rest is in benefits and taxes. The UUA has Fair Compensation Guidelines for all staff positions. (Go to UUA.org, type in Fair Compensation in the search box). UUFBR is almost a Fair Compensation. 2

3 Lines Office and Administration 4.9% of expenses Line 116 Audit. This line was cut a number of years ago. The Board now must beg, or barter to accomplish the annual review of our books. Lines Facilities 21.5% of expenses Line 120 Line 126 Line 129 Line 130 Insurance policies are reviewed each year. Consolidating policies with a single broker got us a slightly better rate. Waxing and stripping tile floors. At 0 for the last dew years. Floors in the education building are kept up by Sunflower a sharex partner. Tree Trimming - has been at 0 in recent years Building Repair Reserve has yet to be funded Lines Loan Payments 6.4% of expenses The Board and the Endowment Committee are in the process of renegotiating the terms of our loan. The new agreement will provide a lower annual rate, adjusted every 5 years, for a longer term. This will be an amortized loan paying both principle and interest. Lines Denominational Dues 4.7% of expenses Support for the Unitarian Universalist Association is calculated as 5% of the previous year s expenses minus UUA support. Lines Sunday Services 0.1% of expenses Line 147 Line 148 Line 149 Line 150 Line 151 Line 152 Used for guest musicians and section leaders in Choir. Not funded in last few years. Sheet music, piano tuning, Not funded for last few years. Pianist for summer services Coffee Hour Not funded in last few years Sunday Flowers Once used for special services, gifts for departing members etc. Not funded for some time Sunday Services Guest Speakers, candles for xmas eve. Not funded for some time 3

4 Lines Program 0.6% of expenses Line 156 Line 157 RE Program 0 for the third year Teen Program in this 600 went to train a person to teach OWL Our Whole Lives, our Sexuality Education Program. In, these funds will be used to pay for pizza s and other necessities for creating a thriving teen program. Lines Leadership Development, New Member Program, Odyssey, Social Concerns and Welcoming all at one time were initiatives funded through the Annual Budget. They have been at 0 for a number of years. 4

5 UUFBR - Budget - start today 3/5/ UUFBR PROPOSED Budget Line Item Budget 2 Total Pledges 174, ,138 (7,772) 2 3 Total Other Income 84,400 86,650 2, Total Income - Adjusted sum1 259,310 sum1 253,788 (5,522) 100.0% 4 5 Total Compensation 137, ,608 (3,324) 5 6 Total Benefits 22,840 31,094 8, Total Employee Taxes & Unemployment Ins 4,755 4, Total Compensation + Benefits + Taxes / Unem Ins sum2 165,527 sum2 170,532 5, Total Overhead & Fixed Costs 102, ,779 (8) 9 10 Total Expenses sum3 268,314 sum3 273,312 4, % Surplus / (Shortage) 1-3= (9,004) 1-3= (19,524) (10,520) al HOPE 9, Budget Balance 0 (19,524) Line Item Descriptions Percent of Income 16 INCOME Pledges Pledge - Raised in ABD 174, ,982 (7,018) Uncollected Pledges 3.5% 6, % (5,844) (11,934) Pledged Amount - Collectable 167, ,138 (6,772) Pledge - First Time 6,000 5,000 (1,000) Pledge Prior Year - Paid Late 1,000 1, Total Pledges 174, ,138 (7,772) 65.9% Other Income Sharex 50,000 45,050 (4,950) 17.8% Fundraising - 3 Flea Markets 15,000 18,000 3, % Fundraising - Auction - Goods & Services 6,000 9,000 3, % Fundraising - Florida Earth Festival 0 4,000 4, % Fundraising - Other Activities 4,000 3,000 (1,000) 1.2% Fundraising - Online Shopping Link % Plate - UUFBR keeps 1/2 of total plate collections 5,500 5, % Health Insurance Refund - federal program - final year 2,300 0 (2,300) 0.0% Gifts / Donations 1,500 1, % Interest and Other Income % Total Other Income 84,400 86,650 2, % Total Income 259, ,788 (5,522) 100.0% Page 1 of UUFBR Budget - - v10

6 15 Line Item Descriptions UUFBR - Budget - start today 3/5/2014 Percent of Income Expenses - Compensation & Benefits Expenses - Compensation Percent of Minister - start date 1 Aug 1997 Expenses Salary - Minister - Salary & Housing [70%] 64,843 65, Health Insurance - Employee Portion [half] 5,575 5, Disability Insurance - Employee 601 na na Professional Expenses 4,000 na see benefits - minister Total Compensation - Minister 75,019 71,019 (4,000) Administrator - Lynn Salary - Administrator - start date 1May11 hours / week 25 12, ,620 (2,099) Health Insurance - Employee Portion [half] rate 15 6, ,880 2, Total Compensation - Administrator 19,500 19, Bookkeeper - Jay start date 1May11 hours / week rate 15 7, , RE Director - Ellen Salary - RE Director - 9 mon - 20 hrs/wk 18,500 18, Total Compensation - RE Director 18,500 18, Music Director - Stephanie Salary - Music Director - 9 mon - 10 hrs/wk 14,285 14, Total Compensation - Music Director 14,285 14, RE Teachers and Child Care teachers - 3; rate - 12/13; hours - 2; classes ,628 2, materials na 980 na child care - services, second hour & vespers nursery care - services [now included in child care] (836) Total Compensation - RE Teachers and Child Care 2,828 3, Total Compensation 137, ,608 (3,324) 49.3% Expenses - Benefits Minister Pension - 10% of salary 7,102 7, Health Insurance - Church Portion [half] 5,575 5, Professional Expenses 0 4,000 4, Total Benefits - Minister 12,677 17,014 4, Administrator - Lynn Pension - 10% of salary - start date 1May11-11 mon this fiscal year 1,788 1, Health Insurance - Church Portion [half] 6,782 8,880 2, Professional Exp. - UU Administrators Assoc Dues Total Benefits - Administrator 8,569 10,918 2, Page 2 of UUFBR Budget - - v10

7 15 Line Item Descriptions UUFBR - Budget - start today 3/5/2014 Percent of Income Bookkeeper - Jay - start date 1 May RE Director - Ellen Pension - 10% of salary - none - start date - 1Aug ,233 1, Professional Expenses Total Benefits - RE Director 0 1,483 1, Music Director - Stephanie Pension - 10% of salary 1,429 1, Professional Expenses Total Benefits - Music Director 1,594 1, Total Benefits 22,840 31,094 8, % Employee Taxes & Unemployment Ins - Excluding Minister Employer FICA / MEDI Taxes 3,655 3, Worker's Compensation Insurance 1,100 1, Total Employee Taxes & Unemployment Ins 4,755 4, Total Compensation + Benefits + Taxes / Unem Ins 165, ,532 5, % Expenses Office & Administration Office Supplies 6,000 6, Office Postage Canvass Expenses 1,000 1, State Fees / County Taxes 2,130 2, Telephone 181 2, ,568 (4) Computer, Network, Website Support Background Checks Audit - Financial Review Total Office & Administration 13,352 13,348 (4) 4.9% Facilities Insurance - Church Mutual - peril + flood + umbrella 19,765 19,251 (514) Utilities - Electric & Water 15,350 15, Building Cleaning - Janitorial Services 10,698 10, Sharex - zoning update for school tenant na 0 $7K - to make school legal Janitorial Supplies 1,500 1, Building Repair / Maintenance 6,000 6, Floor Cleaning - cleaning tile floors Lawn Service - Lawn 22x - Hedges 6x per month 415 4, , Pest Control - now done by Tony's Team Landscape Maintenance / Tree Trimming Building Repair Reserve ~ ideal 1% of assessed value Alarm Monitoring 1,500 1, Total Facilities 59,868 59,354 (514) 21.7% Page 3 of UUFBR Budget - - v10

8 UUFBR - Budget - start today 3/5/ Line Item Descriptions Percent of Income Loan Payments rate 3.85% 3.00% Endowment Loan 393,403 15, ,403 15, Restructured Loan - Principal & Interest = $15,200 - rate adjusts Total Loan Payments 15,146 15, % % 254, , Denomination Dues members dues = 5% of prev yr total exp 5% UUA National Dues 12,735 12, UUA Cluster Dues Total Denomination Dues 12,871 12, % Sunday Service Music Program Music Supplies Summer Services Coffee Hour Refreshment Sunday Flowers Sunday Services Total Sunday Service % Program RE Program RE Teen Program 600 1, Membership Committee Member Publicity / Advertising Leadership Development New Members Program Mystics and Metaphysics Odyssey Social Justice Concerns Welcoming Total Program 1,300 1, % Total Overhead & Fixed Costs 102, ,779 (8) 37.6% Total Expenses 268, ,312 4, % Page 4 of UUFBR Budget - - v10