FOP Draft 2021 Budget Sept 25 2020

1. Federation of Ontario Public Libraries
2020 Budget vs Actual
2021 Preliminary
Acct. Revenue 2020 Budget Actual Aug 31/20 Difference 2021 Budget
4010 Sponsorships 0.00 0.00 0.00 -$
4020 Membership Fees 250,000.00 196,050.00 53,950.00 250,000.00$
4030 Grants 70,000.00 58,000.00 12,000.00 10,000.00$
4040 Sale of Material 500.00 21.73 478.27 100.00$
4050 Other Revenues 17,500.00 0.00 17,500.00 15,000.00$
4051 Special Peer Comparisons Fees 1,500.00 2,250.00 -750.00 1,500.00$
4060 Accreditation Audit Fees 0.00 0.00 -$
4070 Interest Income 2,400.00 907.80 1,492.20 900.00$
TOTAL REVENUE 341,900.00 257,229.53 84,670.47 277,500.00$
Expense
Acct. Payroll Expenses
5010 Full-time Permanent Salaries 35,000.00 29,890.67 5,109.33 36,000.00$
5020 Contract and Temporary Staff 91,000.00 57,100.86 33,899.14 91,000.00$
5025 EI Expense 880.00 679.41 200.59 900.00$
5030 CPP Expense 1,500.00 1,442.31 57.69 1,500.00$
5050 Parking Expense 0.00 0.00 -$
5055 Professional Development 1,000.00 1,000.00 1,000.00$
Total Payroll Expense 129,380.00 89,113.25 40,266.75 130,400.00$
Acct. Meeting & Business Travel
5110 General Meeting Expenses 1,500.00 359.74 1,140.26 1,000.00$
5115 Business Expenses 15,000.00 9,398.50 5,601.50 10,000.00$
5120 Annual General Meeting 950.00 174.23 775.77 100.00$
5130 Accreditation Program 0.00 0.00 0.00 -$
5131 Library Training & Development 1,000.00 0.00 1,000.00 1,000.00$
Total Meeting & Business Travel 18,450.00 9,932.47 8,517.53 12,100.00$
Acct. Material & Supplies
5210 General Office Supplies 500.00 23.47 476.53 500.00$
5215 Postage & Courier 500.00 119.74 380.26 500.00$
5220 Photocopying Supplies 250.00 0.00 250.00 -$
5225 Printing 500.00 0.00 500.00 500.00$
Total Materials & Supplies 1,750.00 143.21 1,606.79 1,500.00
Acct. Expense 2019 Budget Actual Aug 31/20 Difference 2021 Budget
5310 Furniture 0.00 0.00 0.00

2. 5315 Equipment 0.00 0.00 0.00
5320 Information Technology Hardware 0.00 0.00 0.00
5325 Information Technology Software 500.00 4,953.92 -4,453.92 5,000.00$
Total Furniture & Equipment 500.00 4,953.92 5,453.92 5,000.00
5410 Telephone 500.00 218.31 281.69 500.00$
5415 Long Distance Charges 0.00 0.00 0.00 -$
5420 Cellular Phone 0.00 0.00 0.00 -$
5425 Data Communications 0.00 0.00 0.00 -$
5430 Telecommunication 900.00 714.74 185.26 900.00$
Total Telecommunications 1,400.00 933.05 466.95 1,400.00
5510 Bank Charges & Interest 1,500.00 1,355.72 144.28 1,500.00$
5515 Credit Card Fees 250.00 167.00 83.00 250.00$
Total Banking 1,750.00 1,522.72 227.28 1,750.00
5610 Conferences & Exhibitions 1,500.00 996.60 503.40 -$
5615 Advertising & Promotions 1,500.00 0.00 1,500.00 -$
5620 Special Events 500.00 0.00 500.00 500.00$
5625 Publications 0.00 0.00 0.00 -$
5630 Recognition 150.00 0.00 150.00 -$
5635 Other 0.00 0.00 0.00 -$
Total Marketing & Public Relations 3,650.00 996.60 2,653.40 500.00
5710 Contract Services 850.00 1,231.44 -381.44 1,200.00$
5715 TT 0.00 0.00 0.00 -$
5720 Insurance 1,700.00 1,661.04 38.96 1,700.00$
5725 Audit & Accounting 6,400.00 6,780.00 -380.00 6,800.00$
5730 IT and Web Services 4,100.00 4,072.07 27.93 4,100.00$
5735 Legal 0.00 0.00 0.00 -$
5740 Translation 0.00 0.00 0.00 -$
5745 Other Professional Services 15,000.00 -11,121.20 26,121.20 11,500.00$
5751 Projects - Marketing Plan 0.00 0.00 0.00 -$
5752 Projects - Provincial Funding Formu 26,000.00 0.00 26,000.00 26,000.00$
5753 Projects - Public Opinion Survey 0.00 0.00 0.00 20,000.00$
5754 Information Technology Guidelines 0.00 -$
5755 Projects - Website Redesign 0.00 0.00 0.00 -$
5756 Projects - Hemson 30,000.00 0.00 30,000.00 -$
5757 Projects-Copyright Research 0.00 -$
5758 Projects - OpenMediaDesk 0.00 0.00 0.00 -$
5759 Projects - MINE-Ont. Trillium Grant 59,000.00 16,356.10 42,643.90 15,000.00$
Total Professional & Consulting 143,050.00 2,623.35 81,426.65 71,300.00$
2020 Budget Actual Aug 31/20 Difference 2021 Budget
5810 FOPL Memberships 3,000.00 3,000.00 0.00 3,000.00$
5815 Subscriptions 0.00 0.00 -$

3. 5820 Other 0.00 0.00 0.00 -$
Total Memberships & Subscriptions 3,000.00 3,000.00 0.00 3,000.00$
5910 Rental - Equipment & Furniture 0.00 0.00 0.00 -$
5915 Rental - Real Property 0.00 0.00 0.00 -$
5920 Common Area Maintenance 0.00 0.00 0.00 -$
5925 Property Tax 0.00 0.00 0.00 -$
Total Properties Rental & Taxes 0.00 0.00 0.00 -$
5990 Write-off 0.00 0.00 0.00 -$
5995 CELUPL Expenses 600.00 619.86 -19.86 500.00$
Total 600.00 619.86 -19.86 500.00
Total General & Admin. Expenses 303,530.00 113,838.43 140,599.41 227,450.00
TOTAL REVENUE - EXPENSE -38,370.00 -143,391.10 -50,050.00
NET INCOME 38,370.00 143,391.10 50,050.00