1st Quarter 2015 Statement of Activity Actuals v Budget
ANNOTATIONS
REVENUE
Membership$47, 270.14
Memberships are up over a conservative forecast;this does not capture deferred revenue from 2014.
Certification$57,124.61
Certification revenue is up in almost all categories over forecast. Payment for several classes remain outstanding.
Other Training$10,992.00
We have had a better turnout for webinars than forecast – and we also added the “Best of Denver” series. We also had an additional Social Media workshop.
National Conference -$1,173.34
We had anticipated getting a greater number of advance payments for the exhibit hall than came in from the 2014 conference.
International Conference-$52,230.00
We are below our anticipated attendance – currently at 105 vs. the 200 we had budgeted for.
Publications & Merchandise$13,914.02
Generally purchases are ahead of forecast at this point, especially for non-InterpPress books.
Advertising-$2,084.52
We have yet to receive a commission check from Multiview ; I am having Paul check to see whether we can expect additional sales.
Public Support$7,791.77
We received an unexpected “final payout” of the Weaver bequest of $7,461.77.
Other Revenue-$2,466.09
RMBO is behind a month in their rent payment. I will be meeting with Tammy to address this.
EXPENSES
Member Services-$5,767
We planned to print new member brochures and those were delayed; also, savings in postage and we haven’t printed a JIR yet this year.
Certification Expense-$14,143.40
Reflects savings in several categories but this is primarily a coding issue as we have moved PIP to Other Training rather than Certification.
Other Training Expense-$1,931.44
Some savings in travel, but also a timing issue with the payment of the webinar license.
National Conference Expense$6,184.76
Two issues. Several 2014 conference expenses were paid in January, and we added Omnipress for the national, international conferences and awards (not all in the budget).
International Conference Expense-$12,700.00
Some timing issue - $10,000 deposit was paid in April.
Publications & Merchandise-$841.77
Savings in postage/shipping from using a discount program with FedEx.
Other Program Expense-$4,109.22
We have not yet received the invoice for the $5,000 sponsorship of the Seminar for Historic Administration.
Salaries & Wages-$1,488.33
More or less on target – we will see increases in this category for the additional hours for Marla and Sheila covering for Carrie (on medical leave in March).
Payroll Taxes-$1,469.68
Less FICA with less payroll (see above); also, unemployment tax down with reduced staff.
Employee Benefits$5,199.47
Payment of some health benefits in January for December; postings to record prepaid insurance.
Office Operations-$11,065.21
Primarily a savings in accounting fees, and we have not yet paid the full audit fee.
Occupancy-$94.78
While overall this category is close to budget, there are two sub-items that bear an explanation. Property tax is being adjusted on a monthly basis rather than paying two lump sums; and our mortgage payment on principal is going up as the payment of interest payments go down. The same amount of total payment is being made.
Other Indirect Operating$10,714.84
Once again, this is primarily due to additional work needed on iMIS.
Board Expenses$4,757.30
We paid several additional expenses for the meeting at Region 3, including all meals. In addition, we appear to have been overcharged for the rooms; we are looking into getting this corrected.
Interest Expense-$2,831.16
We have kept use of the line of credit to a minimum, resulting in lower interest fees. Also, as the portion of our mortgage payment that goes to principal increases we are paying less in interest.
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