|
INCOME ITEM |
FY’2001 Actual |
FY’2002 Estimated |
FY 2003 Estimated |
|
Board Donations |
1,950 |
3,500 |
5,000 |
|
Council Donations |
1,500 |
2,200 |
3,500 |
|
Individuals |
771 |
2,000 |
6,000 |
|
Foundations |
7,017 |
90,000 |
125,000 |
|
Corporations |
11,840 |
40,000 |
75,000 |
|
NGO Partners * |
7,775 |
95,000 |
140,000 |
|
Government Partners ** |
0 |
50,000 |
220,000 |
|
Interest |
0 |
0 |
0 |
|
SDNP Payments for Shipping |
6,600 |
19,000 |
40,000 |
|
Revenues TOTAL |
37,453
|
301,700
|
614,500 |
** Each container at an estimated average of $19,000 income each month from governments
|
EXPENSE ITEM |
FY’2001 Actual |
FY’2002 Estimated |
FY 2003 Estimated |
|
Computers Shipped |
430 |
5,320 |
9,120 |
|
Staff |
95,000 |
104,500 |
164,950 |
|
FICA @ 7.65 to ceiling of $80,400 then 1.45 |
0 |
6,518 |
11,788 |
|
Incentives |
0 |
5,813 |
5,747 |
|
Insurance Benefits (Health, Life, Liability) |
11,223 |
12,500 |
16,500 |
|
Pension |
0 |
10,573 |
20,545 |
|
Consultants (CPUs, Schools, Shipping, Grants, Calif.) |
1,600 |
50,000 |
60,000 |
|
Trainers/Leaders |
0 |
5,000 |
7,500 |
|
Interns & Scholarships |
0 |
5,000 |
7,500 |
|
Other Insurances (Liability, Trip, D & O) |
0 |
4,000 |
7,500 |
|
Office & Equipment |
12,000 |
12,000 |
12,000 |
|
Printing |
252 |
350 |
500 |
|
Postage & Delivery |
213 |
850 |
1,000 |
|
Meetings & Conferences |
1,952 |
2,500 |
3,000 |
|
Legal, Audit, Gov. & Bank Fees |
664 |
5,000 |
7,500 |
|
Website Awards |
0 |
3,500 |
5,000 |
|
Administrative Travel |
4,310 |
11,000 |
15,000 |
|
"Ambassador" Clubs with Youth Venture |
0 |
10,000 |
15,000 |
|
Website |
1,152 |
2,500 |
4,000 |
|
Equipment |
0 |
3,000 |
5,000 |
|
Shipping & Shipping Insurance (paid by WCE) |
9,725 |
40,848 |
100,000 |
|
Packing, Transporting & Storage (in yr 1 incl above) |
0 |
11,000 |
13,000 |
|
Interest (Line of Credit) |
1,109 |
2,152 |
2,000 |
|
Shipping paid by SDNP |
6,600 |
19,000 |
40,000 |
|
Expenses TOTAL: |
145,800 |
327,604 |
525,030 |
|
Donated Computers & Monitors ($300 per set) |
129,000 |
1,596,000 |
3,192,000 |
FY’02 does not yet include any income or expenses for Exchange regional offices
|
Total Revenues |
37,453 |
301,700 |
614,500 |
|
Expenses |
145,800 |
327,604 |
525,030 |
|
Annual Net (including restricted funds) |
- 108,347 |
- 25,904 |
89,470 |
|
Balance (including restricted funds) |
- 108,347 |
- 133,951 |
-44,481 |
Assumptions:
*
Shipments of 14 containers from among the following 17: Nepal ($5,000 partially received in FY'01), SEWA
($5,000 received in FY'01), Ecuador ($10,000), Uganda ($15,000 partially received in
FY'01), Bangladesh ($10,000 plus $5,000 payment to shipper by SDNP), Goa
($10,000), Benin ($5,000 payment to shipper by SDNP), INTWOT ($10,000), UP in
India ($10,000, 4x India ($74,000), Sri Lanka ($18,500), Ghana ($19,500), plus
2 funded by governments (we assume 2 other payments to shipper by SDNP).
[$188,000 from partners]
8
companies acting as corporate sponsors of specific shipments (half found by
partners)
$85,000
from foundations to cover costs of price reductions on shipments this year
($30,000 of this raised by partners)
To handle
this increased flow, this budget assumes that the Exchange will need to pay a
fee for services and surplus equipment from recycling center allied
organisations and for services from moving companies - these are found in the
expense line for equipment and packing/transportation/storage.
FY’02 Budget Voted by Exchange Board of Directors: 8 July, 2001