United States J24 Association

2003 Proposed Budget

Discussion

2002 looks like it will end with almost 200 fewer members than anticipated. Hopefully, our finances will breakeven for the year. This presents us a great challenge for 2003. Our short-term solution is to increase dues and reduce the magazine expense by repositioning it as a single issue “yearbook”. The budget does provide an increase for the website as a method of replacing any communication lost due to the reduced magazine publishing.

While there may be many ways to reduce costs slightly, this does not address the key issue of the declining membership. This issue is addressed in a separate “White Paper”.

The budget is shown in two formats. The more detailed budget is itemized in the standard way, with expenses and revenue by function. The other itemizes revenue and expenses by the activity that they support. While this format is imperfect, at present time, it provides us with a view of the organization’s resources that should align with the member’s expectations. Hopefully, this format will help us as we design the future of our organization.

On behalf of the finance committee, I respectfully submit this budget.

David Anderson

Finance Committee Chairman

					2002 Budget	Projected Year End	2003 Budget
Regular Members					1200	1008	1000
Associate Members					120	76	70
Member Dues					50	50	60
Associate Dues					25	25	25
IJCA Dues					8	8	8
Ordinary Income/Expense
		Income
			Advertising
				Sponsorships
				Advertising - Magazine
				Advertising- Calendar	2,000	1,500	1,500
			Total Sponsorships / Ads
			Calendar		7,000	7,655	7,500
			Magazine - Editorial Payment		13,240	11,000	5,500
			Mailing Labels		250	1,060
			Membership - Junior		140	200	200
			Membership - USJCA		60,000	50,400	60,000
			Membership - USJCA Associate		3,000	1,900	1,750
			Royalties - USJCA		21,600	21,000	21,000
		Total Income			107,230	94,715	97,450
		Cost of Goods Sold
			Calendar Expense
				Calendar Printing	6,000	6,000	6,000
				Pre-press and layout	1,000	1,000	1,000
			Total Calendar Expense		7,000	7,000	7,000
			Cost of Goods Sold
				Royalty Tag Costs	7,200	4,980	4,980
			Total Cost of Goods Sold		7,200	4,980	4,980
		Total COGS			14,200	11,980	11,980
	Gross Profit				93,030	82,735	85,470
		Expense
			Advertising Expense			270	270
			Bank Service Charges		300	500	500
			Communications
				Internet Service	299	373	373
				Telephone	1,500	1,300	1,300
				Website Services	458	458	2,000
			Total Communications		2,257	2,131	3,673
			Contract Labor		240	100	100
			Credit Card Expense		320	500	500
			Dues and Subscriptions		75	75	75
			Equipment Rental
				Computer Rental	1,048	1,157	-
				Postage Meter Rental	1,155	1,155	1,155