BOARD-APPROVED WCE FY’04 BUDGET
The proposed WCE FY’04 budget includes the Evaluation Project but the budget for the African Universities Initiative (AUI) has been approved by the Board separately and will be integrated when funded. The proposed budget is balanced and makes the following assumptions:
A
new column showing projections for FY’04 has been added to the charts below:
1.
Balanced
budget
2.
No
raises for anyone
3.
All
prior “loss leader” shipments are now completed
4.
10
expense contingency (we needed 8.5 last year on expenses)
5.
No
repayment of any of WCE’s prior debt – unless there are additional shipments
6.
Increases
in revenues and expenses to cover 19 40-foot container shipments up from 9.8 in
FY’03 (not counting 2 containers for Ecuador) (FY’04 projected growth in # of
computers is 193 vs. 206 FY’03)
7.
Revenue:
FY’04 projected growth is 251 vs. 245 growth for FY’03.
8.
Expense:
FY’04 projected growth is 183 vs. 170 growth for FY’03
9.
Additions
of six new part-time hourly staff to help with logistics in 6 WCE offices (Boston, San Francisco, Miami, Seattle, Washington DC,
and Stockholm)
and a small amount to fund projects by our AUI and Evaluation Directors (they
fund be paid more when AUI is funded)
10. View WCE Org Chart at: http://www.worldcomputerexchange.org/board_staff/aa-Org_Chart.doc
11. View WCE Report Card at: http://www.worldcomputerexchange.org/financials/report_card.html
Timothy Anderson 10 December 2003
Projection column now assumes
12 instead of 19 containers
|
Item |
Detail |
FY ’03 est |
FY ’04 |
Projected |
|
|
|
|
|
|
|
Program (& shipping) |
$24,000 per container - source &
administration decrease from 19 to 12 |
$266,153 |
$437,000 |
288,000 |
|
Shipping |
Avg. $5,500 - Incl in above for FY’03
(11 for ‘04) |
0 |
99,000 |
51,000 |
|
Board |
|
7,185 |
7,200 |
2,000 |
|
Corporations |
|
18,981 |
8,200 |
4,000 |
|
Foundations |
Includes Evaluation Project but not
AUI |
5,000 |
55,000 |
0 |
|
Council |
|
500 |
1,000 |
500 |
|
Individuals |
|
0 |
0 |
|
|
CASH TOTAL: |
|
$297,819.00 |
$607,400.00 |
345,500 |
|
Shipping by others |
Assumes 1 of 12/19 shipments plus LAX |
0 |
$5,000 |
9,500 |
|
Value of computers |
7,790
computers @ $250 (down from $300 on
7/1) reduced to 12 x 420 = 5,040 x
$250 |
$1,722,700 |
$1,947,500 |
1,260,000 |
|
Packing & online Volunt. |
$17 per hour for 350 vols average 2
hrs. per mo. |
0 |
$142,800 |
0 |
|
|
|
|
$2,702,700.00 |
1,615,000 |
USAID: $6,000
Bangladesh. USAID 9 computers = $2,250
in Rep. Of Georgia. 313 GSA computers =
$78,250.
Private revenue: (Mexico
shipment) $3,450. Fund raising
expense: $6,500.
Proposed Revenue Decreases as
of 9/1/03: Foundations: $50,000 (only
if Evaluation project is funded)
Proposed Revenue Increases as
of 9/1/03: Program: $8,000
Proposed Expense Decreases as
of 9/1/03 as shown on next page: at
least $42,000 (mostly from Evaluation project)
|
Item |
Detail |
FY ’03 est |
FY ’04 |
Projected |
|
Fixed G& A Costs |
|
|
|
|
|
Staff (see below) |
Anderson (cut prior raise), Cooney |
$132,000 |
$163,500 |
$125,000 |
|
Employer’s FICA |
|
5,145 |
10,300 |
10,000 |
|
Insurance Benefits |
|
13,300 |
15,000 |
15,866 |
|
Incentives |
Eliminate incentives until affordable
|
0 |
3,000 |
0 |
|
Pension Plan Match |
Amount for FY’03 |
325 |
28,000 |
18,350 |
|
Administrative Travel |
Nigeria, Bolivia, Sweden |
19,755 |
19,800 |
8,000 |
Eval. Project Travel
|
Only if Evaluation Project is funded |
0 |
8,000 |
0 |
|
Volunteer Travel |
Erika to WSIS |
3,660 |
4,000 |
350 |
|
Meetings & Confer. |
May include sending volunteers |
1,075 |
1,500 |
1,500 |
|
Rent |
This is split and reduced (see below) |
15,000 |
35,000 |
12,000 |
|
Website Awards |
|
0 |
1,000 |
0 |
|
Worker Comp & Office Ins |
Covers California and Florida and
Massachusetts |
0 |
2,000 |
1,500 |
|
Legal, Audit, Gov & Bank |
Samet and Co. pro bono auditor |
1,006 |
1,500 |
1,500 |
|
Interest |
Anderson, Holmberg |
1,391 |
1,000 |
2,500 |
|
Capital |
|
0 |
10,000 |
0 |
|
Office (web,
int calls, print) |
New: Include postage and delivery
here |
4,618 |
6,500 |
3,500 |
|
Variable Costs: |
|
|
|
0 |
|
Logistics Staff |
Wilmot, Boston and San Francisco and
other about $1,000 per container |
|
|
12,000 |
|
Logistics Consultants (below) |
Ideal (Holmberg), InterConnection
(Brennick), Total Reclaim (Jalloh), about 1,000 per container |
36,364 |
74,800 |
15,400 |
|
Storage/Local Trans |
$10,000 in first 5 months average of
almost $2,000 per container |
|
|
24,000 |
|
Packing costs |
Average $1,000 per container |
29,938 |
28,500 |
12,000 |
|
Parts for Partners |
Monitors, keyboard, mice, and power
cords Average $1,000 per container |
15,961 |
19,000 |
12,000 |
|
Cross country trucking |
For large shipments across country |
0 |
25,000 |
0 |
|
International Shipping |
Assumes average of $5,500 each for 12 |
69,007 |
95,000 |
60,500 |
|
Contingency (10) |
Since ½ year is over : now 2.8 |
0 |
55,000 |
9,500 |
|
CASH TOTAL: |
|
$348,545.00 |
$607,400.00 |
$345,466 |
|
Shipping by others |
Assumes 1 |
|
$5,000 |
$9,500 |
|
Value of computers |
7,790
computers @ $250 (down from $300 on
7/1) now 5,040 computers |
$1,722,700 |
$1,947,500 |
1,260,000 |
|
Packing & online Vol. |
$17 per hour for 350 vols average 2
hrs. per mo. |
NA |
$142,800 |
0 |
|
|
|
|
|
1,615,000 |
|
Staff |
Detail |
Monthly |
Budget |
Projected |
|
Timothy Anderson |
Full-time President |
7,917 |
$104,500 |
95,000 |
|
Pamela Cooney |
Half-time Operations Dir. |
2,500 |
30,000 |
30,000 |