2009 Budget Explainer

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2009 Budget Explainer

  1. 1. 2009 Budget Explainer<br />
  2. 2. First Report<br />FOIFT Operating Balance Sheet<br />Page 2: Operating Balance of nearly $65,000<br />This is roughly half of our annual operating expenses<br />
  3. 3. Second Report: FOIFT Operating Profit and Loss Report<br />Income Category #1000<br />The negative $5449 number can be attributed to an expired Light of Day grant that we are returning to the Ethics & Excellence Journalism Foundation<br />
  4. 4. FOIFT Operating Profit and Loss Report Continued<br />Income Category #1100<br />$28,850 is considerably less than the $40,000 we had budgeted to receive from the Dallas Foundation.<br />
  5. 5. FOIFT Operating Profit and Loss Report Continued<br />Income Category #1320<br />Little activity relating to handbook sales<br />Income Category #2060<br />One time moving expenses that will not be carried over<br />
  6. 6. FOIFT Operating Profit and Loss Report Continued<br />Income Category #2130<br />One time printing and postage expenses for mailing postcards about FOI Focus Newsletter<br />Income Category #2220<br />One half of these expenses are for 2008 Conference<br />
  7. 7. FOIFT Operating Profit and Loss Report Continued<br />On page 2 there is a negative $49,270 “Net Ordinary Income” amount, However, when you factor in $39,000 in budgeting endowment disbursements that do not normally get deposited until the end of December, that number is expected to be reduced significantly.<br />
  8. 8. Reports One and Two Summary<br />Despite the fact that FOIFT administrative operations realistically only covered about 6 months of the last year, we expect to end up very close to meeting the proposed budget.<br />
  9. 9. Third Report: The FOI Supporting Foundation Balance Sheet<br />Page 2<br />The value of all our endowments is nearly $788,979. That number is up $83,073 from the first of the year and only covers the first three quarters of 2009. <br />
  10. 10. Third Report: The FOI Supporting Foundation Balance Sheet<br />Assuming the growth continues at the same rate, the endowments should be valued at more than $800,000 by the first of the year 2010.<br />
  11. 11. Fifth Report: The FOIFT Budget 2009 Primary Expenses<br />If you subtract the $19,500 moving grant for 2008 and add back in the $5,449 we had to give back from the light of day grant, the difference from year to year from the budgeted vs. the actual incomes is almost identical ($23,979 for 2008 and $25,399 for 2009)<br />
  12. 12. State Conference<br />Our income from this year’s state conference exceeded our budgeted amount by 88 percent.<br />

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