Muskies, Inc. Profit & Loss Budget vs. Actual

Transcription

1 Ordinary Income/ Muskies, Inc. Total 2009 Total 2010 Actual 2010 Budget 2010 Actual to Budget 2011 Amount of Budget Budget Jan - Jun Jan - Jun Over or (Under) Budget Increase (Decrease) Income From 2010 VP Communication 4200 Magazine - Retail Ads 38,000 36,000 9, , (8,801.50) 30,000 (6,000) 4210 Chapter Ads 2,700 3, , (1,415.00) 3, Magazine Trade/Comp Ads 2,400 2, , (1,200.00) 3,750 1, Commemorative Lures (144.98) Fundraising - Calendar 1, (309.98) Board Meetings 1, (387.52) 0 (775) 4255 Membership Drive 2, , (1,359.98) 3, Magazine Misc. Sales Donated Author Fees , , , Total VP Communication 45,860 46,605 11, , (11,908.94) 43,000 (3,605) VP Finance 4100 Merchandise Board Meetings (249.98) Chapters 1, (375.00) 500 (250) Direct Sales 3, (16.98) Sport Shows 1, (11.50) 500 (250) Total 4100 Merchandise 6,100 2, , (653.46) 2,000 (500) 4300 Calendar - Chapter Donations Calendar - Member Donations 47, Fisheries Fund 5,625 4, , , , General Fund 5,625 12, , , , Gil Hamm Fund 5, , (2,336.60) 5, Kermit Benson Scholarship Fund 5, , (2,278.65) 5, Muskie Catch & Release Study 5,625 1, , (1,246.25) 5, Perry Smith Fund 5,625 1, , (1,704.10) 5, Research Fund 5,625 1, , (1,428.05) 5, Youth Fund 5,625 1, , (1,309.25) 5,625 0 Total 4310 Calendar - Member Donatio 47,329 45,000 23, , , Calendar Advertising 2,500 2, , (1,250.02) 2, Commemorative Lures 11,000 10, , (4,677.50) 10,500 0 Page 1 of 32

2 Total 2009 Total 2010 Actual 2010 Budget 2010 Actual to Budget 2011 Amount of Budget Budget Jan - Jun Jan - Jun Over or (Under) Budget Increase 4340 Miscellaneous Total VP Finance 67,179 60,750 24, , (5,440.47) 60,250 (500) Cost of Goods Sold 5100 Purchases - Merchandise 1,800 1, , Total COGS 1,800 1, , Gross Profit 65,379 58,950 23,985 29,475 (5,490) 58,250 (700) VP Internal Affairs 4400 Chapter Insurance Reimburseme 14,000 15,400 9, , , , Reimb. - Guide/Tourn. Insurance Total VP Internal Affairs 14,000 15,400 9, , , ,400 0 VP Membership 4501 Single Memberships 127, ,000 65, , , Family Memberships 34,000 35,000 20, , , , Junior Memberships 8,500 2, , (770.02) 1,200 (1,300) 4504 Canadian Web Only , Affliliate Chapter Chapter/Member Supplies Awards & Patches Military School (70.00) 250 (50) Total VP Membership 170, ,680 88, , , ,050 (630) Youth Income 5,000 VP Research 4600 Int'l Tourney - Net Proceeds 1,500 1, (750.00) 0 (1,500) 4640 Research Comm - Donations Mbr 4,800 4, , (2,400.00) 1,500 (3,300) 4650 Research Project 1,500 1, (750.00) 0 (1,500) Page 2 of 32

3 Total 2009 Total 2010 Actual 2010 Budget 2010 Actual to Budget 2011 Amount of Budget Budget Jan - Jun Jan - Jun Over or (Under) Budget Increase Total VP Research 7,800 7, , (3,900.00) 1,500 (6,300) Treasury 4700 Donations/Public Support 2,000 2, (344.98) 1,500 (500) 4710 Royalties & Referrals 2,000 1, (500.02) 0 (1,000) 4720 Member List Rental 1,000 1, (500.02) 0 (1,000) 4730 Other Income Total Treasury 5,000 4, , (1,345.02) 1,500 (2,500) *President Total Income 309, , , ,117 (17,794) 295,700 (13,535) Cost of Goods Sold 5100 Purchases - Merchandise 1,800 1, , Total COGS 1,800 1, , Gross Profit 308, , , ,217 (17,843) 293,700 (13,735) *VP Communications Magazine 6080 Outdoors Writers Assoc (99.98) 100 (100) 6085 Board Meetings/Shows (350.02) 1, Editorial 6090 Author Fees 6,800 7,000 3, , , Authors/Advertisers (450.00) 450 (450) 6100 Contract Services - Edit 15,000 15,000 7, , , Other Editorial 2,100 1, (750.00) 750 (750) Total Editorial 24,700 24,400 11, , (958.02) 23,200 (1,200) Advertising 6115 Ad Commissions 7,600 7,200 1, , (1,735.50) 6,000 (1,200) Total Advertising 7,600 7,200 1, , (1,735.50) 6,000 (1,200) Publishing & Shipping Page 3 of 32

4 Total 2009 Total 2010 Actual 2010 Budget 2010 Actual to Budget 2011 Amount of Budget Budget Jan - Jun Jan - Jun Over or (Under) Budget Increase 6150 Layout & Printing 49,000 48,720 18, , (5,412.76) 42,720 (6,000) 6151 Sport Show/Special Editions 1, (500.02) 1,000 0 Shipping (Magazine Mailing) 6160 Mail Services 5,700 4,031 1, , (448.13) 4, Postage & Shipping 17,100 20,744 6, , (3,882.56) 16,000 (4,744) Total Shipping (Magazine Maili 22,800 24,775 8, , (4,330.69) 20,031 (4,744) Total Publishing & Shipping 71,800 74,495 27, , (10,243.47) 63,751 (10,744) Total Magazine 104, ,995 40, , (13,386.99) 94,151 (12,844) Information Technology 6175 International Board Meetings General Computer Operations 6180 Computer/Web Miscella (125.02) Contract Services 1,500 2,500 3, , , ,200 (1,300) 6190 Hardware Repairs & Mai (200.02) 200 (200) 6195 Security 1,500 1, (750.00) 750 (750) 6200 Sys. Maint., Software & 1, (249.98) 1, Total General Computer Operations 4,750 5,150 3, , ,650 (1,500) Website Operations 6205 Contract Support 8,000 8,000 3, , (999.98) 9,200 1, Hardware Repairs & Mai (249.98) Hosting/Co-Hosting Cha 1,200 1, (600.00) 1, Licenses & Fees 1,750 1, (875.02) 1,185 (565) 6225 Miscellaneous s Site Maint/Software/Adm 1,500 1, ,194 2,194 Total Website Operations 12,950 12,450 3, , , ,279 2, Lunge log Web Loan Payments 8, Total Information Technology 26,964 18,500 8, , (744.73) 19,829 1,329 Members Only Fishing Contest 6250 Awards & Patches 1,500 2,650 1, , , Salary 6,000 6,000 3, , , Supplies, Postage, Telephon Page 4 of 32

5 Total 2009 Total 2010 Actual 2010 Budget 2010 Actual to Budget 2011 Amount of Budget Budget Jan - Jun Jan - Jun Over or (Under) Budget Increase Total Members Only Fishing Contest 7,675 8,950 5, , ,950 0 Total *VP Communications 139, ,445 53, , (13,447.74) 122,930 (11,515) *VP Finance Merchandise 6070 Muskie Sports Shows 1,200 1, (192.95) 800 (400) Total Merchandise 1,200 1, (192.95) 800 (400) 6275 International Board Meetings Telephone (99.98) Fundraising Programs Calendar 6280 Advertising - MUSKIE 2,000 2, (999.98) 2, Postage 5,000 5, , (2,462.28) 5, Production & Printing 20,000 22, , (11,000.02) 18,000 (4,000) 6300 Special Prizes 15,000 15,000 7, , (90.14) 10,000 (5,000) % Promotional Discount (738.00) (738.00) 0 0 Total Calendar 42,000 44,000 6, , (15,290.42) 35,000 (9,000) Commemorative Lures 6305 Advertising - MUSKIE 1,000 1, (500.02) 1, Lures and Freight In 5,750 5,800 1, , (1,100.02) 6, Postage/Shipping (Freig 1,500 1, (697.85) 1,500 0 Total Commemorative Lures 8,250 8,300 1, , (2,297.89) 9, Total Fundraising Programs 50,250 52,300 8, , (17,588.31) 44,000 (8,300) Total *VP Finance 51,850 54,100 9, , (17,750.89) 45,400 (8,700) *VP Internal Affairs International Board Meeting Insurance 6350 Errors/Omissions Premiums 2, , , ,500 1, Director's/Officer's Premium 1,200 1, (660.00) 1,200 (120) 6360 General Premiums 6,000 6,600 4, , , ,000 (1,600) 6365 Umbrella 1,500 1, (262.50) 1,500 (150) Page 5 of 32

6 Total 2009 Total 2010 Actual 2010 Budget 2010 Actual to Budget 2011 Amount of Budget Budget Jan - Jun Jan - Jun Over or (Under) Budget Increase 6370 Worker's Compensation Pre 300 1, (211.23) 300 (800) Total Insurance 11,500 11,220 7, , , ,500 (720) Total *VP Internal Affairs 11,500 11,220 7, , , ,900 (320) *VP Membership 6375 Advertising & Promotion 200 3,500 3, , , ,000 1,500 Membership Programs & Supplies New Chapters 6385 Int'l Brd Meeting - 1st Ye (399.98) 500 (300) 6390 Other (249.98) 400 (100) Total New Chapters 1,300 1, (649.96) 900 (400) New Member Programs 6395 $5.00 Chapter Incentive Printing 1,000 1, (500.02) 1, Sport Shows (249.98) Total New Member Programs 1,500 1, (750.00) 1,500 0 Renewal Programs Postage & Delivery 6420 Delivery Services Postage Charges - O 0 1,250 2, , ,500 2,250 Total Postage & Delivery 0 1,250 2, , ,500 2, Membership Supplies 6,500 7,000 8, , , ,000 2, Printing and Mailing Ser 6,500 6, , (2,971.73) 1,500 (5,000) Total Renewal Programs 13,000 14,750 10, , , ,000 (750) Total Membership Programs & Supplies 16,000 17,550 10, , , ,400 (1,150) 6440 Printing & Set Up (not mag.) (249.98) Promotional Supplies 6445 Brochures 0 1, , ,200 1, Chapter Assistance/Grants (249.98) Other Promotional Items Total Promotional Supplies , , ,700 1,200 Page 6 of 32

7 Administration Muskies, Inc. Total 2009 Total 2010 Actual 2010 Budget 2010 Actual to Budget 2011 Amount of Budget Budget Jan - Jun Jan - Jun Over or (Under) Budget Increase 6465 Computer s Contract Services (Salaries) 22,425 21,000 10, , , International Board Meetings Office 6480 Supplies (249.98) Office Other (249.98) Total Office 1,000 1, (499.96) 1, Postage & Delivery 5,000 2,500 3, , , ,000 2, Reimbursed s Telephone & Service Provide 1,200 1,500 1, ,500 0 Total Administration 30,425 26,800 15, , , ,450 2,650 Total *VP Membership 46,425 48,850 31, , , ,050 4,200 Youth 5,000 *VP Research 6515 International Board Meetings (200.02) Membership Dues & Subscription (99.98) 100 (100) 6520 Grants and Pledges 15,000 7,500 2, , (1,250.00) 5,000 (2,500) Total *VP Research 15,400 8,100 2, , (1,550.00) 5,500 (2,600) *Treasury 6545 International Board Meetings Audit 6559 Postage Copies & Reproduction (50.02) Contract Services (50.02) Page 7 of 32

8 Total 2009 Total 2010 Actual 2010 Budget 2010 Actual to Budget 2011 Amount of Budget Budget Jan - Jun Jan - Jun Over or (Under) Budget Increase 6560 Professional Fees 10,500 12,500 5, , (749.98) 20,000 7,500 Total Audit 11,000 12,720 5, , (836.88) 20,220 7, Bank Charges (39.49) Credit Card Charges 2,500 2,500 1, , (147.86) 2,500 0 Office s 6590 Other (11.67) Postage (153.18) Software Supplies 1,500 1, (208.80) 1,500 0 Total Office s 2,200 2, , (352.02) 2,675 0 Payroll 6610 Contract Services (Salaries) 14,000 16,000 7, , (0.04) 16, Total Payroll 14,000 16,000 7, , (0.04) 16, Professional Fees 6625 Registrations & Filings 1, (300.00) 300 (300) Total Professional Fees 1, (300.00) 300 (300) Total *Treasury 31,200 35,345 16, , (1,450.06) 43,145 7,800 *President Executive Committee 6000 Copying & Reproduction Office Supplies Travel 5,000 2, , (1,030.62) 1,000 (1,500) Total Executive Committee 5,000 2, , (987.89) 1,000 (1,500) Board Meeting s 6025 Meals (24.98) Meeting Room and Rental Eq (249.98) Printing 1,500 1, (750.00) 750 (750) 6040 Supplies (125.02) 200 (50) 6045 Travel Reimbursement 4,500 5,000 1, , (526.61) 5, Total Board Meeting s 6,750 7,300 1, , (1,676.59) 6,700 (600) Page 8 of 32

9 By Laws/Policy s Muskies, Inc. Total 2009 Total 2010 Actual 2010 Budget 2010 Actual to Budget 2011 Amount of Budget Budget Jan - Jun Jan - Jun Over or (Under) Budget Increase 6050 Office Supplies (75.00) 25 (125) 6055 Printing (62.48) 50 (75) 6060 Reimburseable (150.00) 0 (300) Total By Laws/Policy s (287.48) 75 (500) Total *President 12,325 10,375 2, , (2,951.96) 7,775 (2,600) Total 308, , , ,217 (27,720) 293,700 (13,735) Net Ordinary Income 0 0 9, , Net Income 0 0 9, , Page 9 of 32

10 Ordinary Income/ Income VP Communication 4200 Magazine - Retail Ads 4210 Chapter Ads 4220 Magazine Trade/Comp Ads 4230 Commemorative Lures 4240 Fundraising - Calendar 4250 Board Meetings 4255 Membership Drive 4260 Magazine Misc. Sales 4265 Donated Author Fees Total VP Communication Comments and/or Description And/or reasons for changes VP Finance 4100 Merchandise Board Meetings Chapters Direct Sales Sport Shows Total 4100 Merchandise 4300 Calendar - Chapter Donations 4310 Calendar - Member Donations Fisheries Fund General Fund Gil Hamm Fund Kermit Benson Scholarship Muskie Catch & Release St Perry Smith Fund Research Fund Youth Fund Total 4310 Calendar - Member Donatio 4320 Calendar Advertising 4330 Commemorative Lures Page 10 of 32

11 4340 Miscellaneous Total VP Finance Comments and/or Description Cost of Goods Sold 5100 Purchases - Merchandise Total COGS Gross Profit VP Internal Affairs 4400 Chapter Insurance Reimburseme 4420 Reimb. - Guide/Tourn. Insurance Total VP Internal Affairs VP Membership 4501 Single Memberships 4502 Family Memberships 4503 Junior Memberships 4504 Canadian 4505 Web Only 4506 Affliliate Chapter 4540 Chapter/Member Supplies 4545 Awards & Patches 4550 Military 4555 School Total VP Membership Youth Income VP Research 4600 Int'l Tourney - Net Proceeds 4640 Research Comm - Donations Mbr 4650 Research Project Page 11 of 32

12 Total VP Research Comments and/or Description Treasury 4700 Donations/Public Support 4710 Royalties & Referrals 4720 Member List Rental 4730 Other Income Total Treasury *President Total Income Cost of Goods Sold 5100 Purchases - Merchandise Total COGS Gross Profit *VP Communications Magazine 6080 Outdoors Writers Assoc Board Meetings/Shows Editorial 6090 Author Fees 6095 Authors/Advertisers 6100 Contract Services - Edit 6105 Other Editorial Total Editorial Advertising 6115 Ad Commissions Total Advertising Publishing & Shipping Page 12 of 32

13 6150 Layout & Printing 6151 Sport Show/Special Edit Shipping (Magazine Mailing) 6160 Mail Services 6165 Postage & Shipping Total Shipping (Magazine Maili Total Publishing & Shipping Total Magazine Information Technology 6175 International Board Meetings General Computer Operations 6180 Computer/Web Miscella 6185 Contract Services 6190 Hardware Repairs & Mai 6195 Security 6200 Sys. Maint., Software & Total General Computer Operations Website Operations 6205 Contract Support 6210 Hardware Repairs & Mai 6215 Hosting/Co-Hosting Cha 6220 Licenses & Fees 6225 Miscellaneous s 6235 Site Maint/Software/Adm Total Website Operations 6240 Lunge log 6245 Web Loan Payments Total Information Technology Members Only Fishing Contest 6250 Awards & Patches 6265 Salary 6270 Supplies, Postage, Telephon Comments and/or Description Page 13 of 32

14 Total Members Only Fishing Contest Total *VP Communications Comments and/or Description *VP Finance Merchandise 6070 Muskie Sports Shows Total Merchandise 6275 International Board Meetings 6276 Telephone Fundraising Programs Calendar 6280 Advertising - MUSKIE 6290 Postage 6295 Production & Printing 6300 Special Prizes % Promotional Discou Total Calendar Commemorative Lures 6305 Advertising - MUSKIE 6310 Lures and Freight In 6315 Postage/Shipping (Freig Total Commemorative Lures Total Fundraising Programs Total *VP Finance *VP Internal Affairs International Board Meeting Insurance 6350 Errors/Omissions Premiums 6355 Director's/Officer's Premium 6360 General Premiums 6365 Umbrella Page 14 of 32

15 6370 Worker's Compensation Pre Total Insurance Total *VP Internal Affairs Comments and/or Description *VP Membership 6375 Advertising & Promotion Membership Programs & Supplies New Chapters 6385 Int'l Brd Meeting - 1st Ye 6390 Other Total New Chapters New Member Programs 6395 $5.00 Chapter Incentive 6410 Printing 6415 Sport Shows Total New Member Programs Renewal Programs Postage & Delivery 6420 Delivery Services 6425 Postage Charges - O Total Postage & Delivery 6430 Membership Supplies 6435 Printing and Mailing Ser Total Renewal Programs Total Membership Programs & Supplies 6440 Printing & Set Up (not mag.) Promotional Supplies 6445 Brochures 6450 Chapter Assistance/Grants 6460 Other Promotional Items Total Promotional Supplies Page 15 of 32

16 Administration 6465 Computer s 6470 Contract Services (Salaries) 6475 International Board Meetings Office 6480 Supplies 6485 Office Other Total Office 6490 Postage & Delivery 6495 Reimbursed s 6505 Telephone & Service Provide Total Administration Total *VP Membership Comments and/or Description Youth *VP Research 6515 International Board Meetings 6519 Membership Dues & Subscription 6520 Grants and Pledges Total *VP Research *Treasury 6545 International Board Meetings Audit 6559 Postage 6550 Copies & Reproduction 6555 Contract Services Page 16 of 32

17 6560 Professional Fees Total Audit 6565 Bank Charges 6570 Credit Card Charges Office s 6590 Other 6595 Postage 6600 Software 6605 Supplies Total Office s Payroll 6610 Contract Services (Salaries) Total Payroll Professional Fees 6625 Registrations & Filings Total Professional Fees Total *Treasury Comments and/or Description *President Executive Committee 6000 Copying & Reproduction 6010 Office Supplies 6020 Travel Total Executive Committee Board Meeting s 6025 Meals 6030 Meeting Room and Rental Eq 6035 Printing 6040 Supplies 6045 Travel Reimbursement Total Board Meeting s Page 17 of 32

18 By Laws/Policy s 6050 Office Supplies 6055 Printing 6060 Reimburseable Total By Laws/Policy s Total *President Comments and/or Description Total Net Ordinary Income Net Income Page 18 of 32

19 Reduced issues Revised 2011 Amount of 2011 Budget Increase Budget Comments and/or Description Ordinary Income/ (Decrease) And/or reasons for changes Income VP Communication 4200 Magazine - Retail Ads 30,000 (12,000) 18,000 Reduce ad revenues by 40% for reduction in number of is 4210 Chapter Ads 3,150 (1,260) 1, Magazine Trade/Comp Ads 3,750 (1,500) 2, Commemorative Lures 465 (186) Fundraising - Calendar 785 (314) Board Meetings Membership Drive 3,600 (1,440) 2, Magazine Misc. Sales Donated Author Fees 1,000 1,000 Total VP Communication 43,000 (16,700) 26,300 *VP Communications Magazine 6080 Outdoors Writers Assoc Board Meetings/Shows 1,100 1,100 Includes 2 board meetings (VP & Editor) & Sports Shows Editorial 6090 Author Fees 7,000 7, Authors/Advertisers Contract Services - Edit 15,000 (6,000) 9,000 Reduce expense by 40% for reduction in number of issues Assistant Editor Contract 0 6,000 6,000 New position if approved by Entire Board of Directors 6105 Other Editorial Total Editorial 23, ,200 Advertising 6115 Ad Commissions 6,000 6,000 Total Advertising 6, ,000 Publishing & Shipping 6150 Layout & Printing 42,720 (17,088) 25,632 Reduce expense by 40% for reduction in number of issues 6151 Sport Show/Special Edit 1,000 1,000 Shipping (Magazine Mailing) Page 19 of 32

20 2011 Amount of 2011 Budget Increase Budget Comments and/or Description 6160 Mail Services 4,031 (1,612) 2,419 Reduce expense by 40% for reduction in number of issues 6165 Postage & Shipping 16,000 (6,400) 9,600 Reduce expense by 40% for reduction in number of issues Total Shipping (Magazine Maili 20,031 (8,012) 12,019 Total Publishing & Shipping 63,751 (25,100) 38,651 Total Magazine 94,151 (25,100) 69,051 Information Technology 6175 International Board Meetings General Computer Operations 6180 Computer/Web Miscella Contract Services 1,200 1, Hardware Repairs & Mai Security Sys. Maint., Software & 1,250 1,250 Total General Computer Operations 3, ,650 Website Operations 6205 Contract Support 9,200 9, Hardware Repairs & Mai Hosting/Co-Hosting Cha 1,200 1, Licenses & Fees 1,185 1, Miscellaneous Site Maint/Software/Adm 3,194 3,194 Total Website Operations 15, , Lunge log Web Loan Payments 0 0 Total Information Technology 19, ,829 Members Only Fishing Contest 6250 Awards & Patches 2,650 2, Salary 6,000 6, Supplies, Postage, Telephon Total Members Only Fishing Contest 8, ,950 Total *VP Communications 122,930 (25,100) 97,830 Net Income(loss) (79,930) (71,530) Page 20 of 32

21 Ordinary Income/ Income VP Communication 4200 Magazine - Retail Ads 4210 Chapter Ads 4220 Magazine Trade/Comp Ads 4230 Commemorative Lures 4240 Fundraising - Calendar 4250 Board Meetings 4255 Membership Drive 4260 Magazine Misc. Sales 4265 Donated Author Fees Total VP Communication ssues *VP Communications Magazine 6080 Outdoors Writers Assoc Board Meetings/Shows Editorial 6090 Author Fees 6095 Authors/Advertisers 6100 Contract Services - Edit Assistant Editor Contract 6105 Other Editorial Total Editorial Advertising 6115 Ad Commissions Total Advertising Publishing & Shipping 6150 Layout & Printing 6151 Sport Show/Special Edit Shipping (Magazine Mailing) s s Page 21 of 32

22 6160 Mail Services 6165 Postage & Shipping Total Shipping (Magazine Maili Total Publishing & Shipping Total Magazine Information Technology 6175 International Board Meetings General Computer Operations 6180 Computer/Web Miscella 6185 Contract Services 6190 Hardware Repairs & Mai 6195 Security 6200 Sys. Maint., Software & Total General Computer Operations Website Operations 6205 Contract Support 6210 Hardware Repairs & Mai 6215 Hosting/Co-Hosting Cha 6220 Licenses & Fees 6225 Miscellaneous 6235 Site Maint/Software/Adm Total Website Operations 6240 Lunge log 6245 Web Loan Payments Total Information Technology Members Only Fishing Contest 6250 Awards & Patches 6265 Salary 6270 Supplies, Postage, Telephon Total Members Only Fishing Contest Total *VP Communications s s Net Income(loss) Page 22 of 32

23 2011 Budget Ordinary Income/ Income VP Finance 4100 Merchandise Board Meetings Chapters Direct Sales Sport Shows 500 Total 4100 Merchandise 2, Calendar - Chapter Donations Calendar - Member Donations Fisheries Fund 5, General Fund 5, Gil Hamm Fund 5, Kermit Benson Scholarshi 5, Muskie Catch & Release St 5, Perry Smith Fund 5, Research Fund 5, Youth Fund 5,625 Total 4310 Calendar - Member Donatio 45, Calendar Advertising 2, Commemorative Lures 10, Miscellaneous 250 Total VP Finance 60,250 Comments and/or Description And/or reasons for changes Cost of Goods Sold 5100 Purchases - Merchandise 2,000 Total COGS 2,000 Gross Profit 58,250 *VP Finance Merchandise Page 23 of 32

24 2011 Budget 6070 Muskie Sports Shows 800 Total Merchandise International Board Meetings Telephone 200 Fundraising Programs Calendar 6280 Advertising - MUSKIE 2, Postage 5, Production & Printing 18, Special Prizes 10, % Promotional Discou 0 Total Calendar 35,000 Commemorative Lures 6305 Advertising - MUSKIE 1, Lures and Freight In 6, Postage/Shipping (Freig 1,500 Total Commemorative Lures 9,000 Total Fundraising Programs 44,000 Total *VP Finance 45,400 Comments and/or Description Net Income (Loss) 12,850 Page 24 of 32

25 2011 Budget Comments and/or Description Ordinary Income/ And/or reasons for changes Income VP Internal Affairs 4400 Chapter Insurance Reimbursement 15,400 The insurnace will remain the same the cost per member will likely increase 4420 Reimb. - Guide/Tourn. Insurance 0 Total VP Internal Affairs 15,400 *VP Internal Affairs International Board Meeting 400 Insurance 6350 Errors/Omissions Premiums 2, Director's/Officer's Premiums 1, General Premiums 5, Umbrella 1, Worker's Compensation Premiums 300 Total Insurance 10,500 Total *VP Internal Affairs 10,900 Net Income (Loss) 4,500 Page 25 of 32

26 Reduced issues Revised 2011 Amount of 2011 Budget Increase Budget Comments and/or Description Ordinary Income/ (Decrease) And/or reasons for changes Income VP Membership 4501 Single Memberships 130,000 (19,500) 110,500 Assuming a 15% drop in membership 4502 Family Memberships 35,000 (5,250) 29,750 Assuming a 15% drop in membership 4503 Junior Memberships 1,200 (180) 1,020 Assuming a 15% drop in membership 4504 Canadian Web Only 1,000 1, Affliliate Chapter Chapter/Member Supplies Awards & Patches Military School Total VP Membership 169,050 (24,930) 144,120 *VP Membership 6375 Advertising & Promotion 5,000 5,000 Membership Programs & Supplies New Chapters 6385 Int'l Brd Meeting - 1st Ye Other Total New Chapters New Member Programs 6395 $5.00 Chapter Incentive Printing 1,000 1, Sport Shows Total New Member Programs 1, ,500 Renewal Programs Postage & Delivery 6420 Delivery Services Postage Charges - O 3,500 3,500 Total Postage & Delivery 3, ,500 Page 26 of 32

27 2011 Amount of 2011 Budget Increase Budget Comments and/or Description 6430 Membership Supplies 9,000 (1,350) 7,650 Assuming a 15% drop in membership 6435 Printing and Mailing Ser 1,500 1,500 Total Renewal Programs 14,000 (1,350) 12,650 Total Membership Programs & Supplies 16,400 (1,350) 15, Printing & Set Up (not mag.) Promotional Supplies 6445 Brochures 1,200 1, Chapter Assistance/Grants Other Promotional Items 0 0 Total Promotional Supplies 1, ,700 Administration 6465 Computer s 6470 Contract Services (Salaries) 21,000 21, International Board Meetings Office 6480 Supplies Office Other Total Office 1, , Postage & Delivery 5,000 5, Reimbursed s Telephone & Service Provide 1,500 1,500 Total Administration 29, ,450 Total *VP Membership 53,050 (1,350) 51,700 Net Income (Loss) 116,000 92,420 Youth? Income 5,000 5,000 5,000 5,000 Page 27 of 32

28 2011 Budget Ordinary Income/ Income VP Research 4600 Int'l Tourney - Net Proceeds Research Comm - Donations Mbr 1, Research Project 0 Total VP Research 1,500 Comments and/or Description And/or reasons for changes *VP Research 6515 International Board Meetings Membership Dues & Subscription Grants and Pledges 5,000 Total *VP Research 5,500 Net Income (Loss) (4,000) Page 28 of 32

29 2011 Budget Ordinary Income/ Income Treasury 4700 Donations/Public Support 1, Royalties & Referrals Member List Rental Other Income 0 Total Treasury 1,500 Comments and/or Description And/or reasons for changes *Treasury 6545 International Board Meetings 800 Audit 6559 Postage Copies & Reproduction Contract Services Professional Fees 20,000 Total Audit 20, Bank Charges Credit Card Charges 2,500 Office s 6590 Other Postage Software Supplies 1,500 Total Office s 2,675 Payroll 6610 Contract Services (Salaries) 16,500 Total Payroll 16,500 Professional Fees 6625 Registrations & Filings 300 Total Professional Fees 300 Total *Treasury 43,145 Page 29 of 32

30 2011 Budget Net Income (Loss) (41,645) Comments and/or Description Page 30 of 32

31 2011 Budget Ordinary Income/ Income None 0 *President Executive Committee 6000 Copying & Reproduction Office Supplies Travel 1,000 Total Executive Committee 1,000 Board Meeting s 6025 Meals Meeting Room and Rental Eq Printing Supplies Travel Reimbursement 5,200 Total Board Meeting s 6,700 By Laws/Policy s 6050 Office Supplies Printing Reimburseable 0 Total By Laws/Policy s 75 Total *President 7,775 Comments and/or Description And/or reasons for changes Page 31 of 32

32 Muskies Inc. Income: Final 2011 Budget Revised 2011 with reduced issues President % % Increase or (Decrease) Finance 58, % 58, % Communications 43, % 26, % (16,700.00) Internal Affairs 15, % 15, % Youth 5, % 5, % Membership 169, % 144, % (24,930.00) Research 1, % 1, % Treasury 1, % 1, % Total 293, , (41,630.00) Decrease in Income s: President 7, % 7, % Finance 45, % 45, % Communications 122, % 97, % (25,100.40) Internal Affairs 10, % 10, % Youth 5, % 5, % Membership 53, % 51, % (1,350.00) Research 5, % 5, % Treasury 43, % 43, % Total 293, , (26,450.40) Decrease in Difference 0.00 (15,179.60) (15,179.60) Amount to cut from expenses or Need to cut additional expenses increase income to balance budget