PEU 2017 BUDGET PRESENTATION

Presented and Developed by:

Richard E. BoydDirector of Field Operations

Florenda AgeroComptroller

Are you unsure?....a bit afraid…..Apprehensive?

Will we ever have a “balanced budget”?

Hopefully this presentation shall answer your questions…and much more!

But first…what is our 2017 Budget?

PEU Local #12017 Budget - DRAFT

2017 Budget 2016 Budget 2017-2016 inc/decINCOMEGeneral Fund IncomeDues 3,691,250.00 5,590,000.00 -1,898,750.00Service Fees 278,125.00 465,000.00 -186,875.00Initiation Fees 15,000.00 30,000.00 -15,000.00Miscellaneous Income 7,500.00 15,000.00 -7,500.00Commissions - - 0.00Interest Income 1,500.00 1,500.00 0.00Refund of Dues (1,000.00) (1,000.00) 0.00PAC Contributions (23,000.00) (55,905.60) 32,905.60

    

Total Income 3,969,375.00 6,044,594.40 (2,075,219.40)

PEU Local #12017 Budget - DRAFT

2017 Budget 2016 Budget 2017-2016 inc/decEXPENSES AND RESERVE CONTRIBUTIONSExpensesAttorneys and Arbitrators 75,000.00 160,000.00 -85,000.00Auto Expense 90,000.00 120,000.00 -30,000.00Benefits Administration 4,500.00 4,500.00 0.00Capital Leases 115,000.00 130,000.00 -15,000.00Audit & Actuary 30,000.00 28,000.00 2,000.00Memberships 500.00 1,500.00 -1,000.00Information Systems Maintenance 50,000.00 41,500.00 8,500.00Maintenance & Repairs 10,000.00 11,000.00 -1,000.00Maintenance & Service Contract 30,000.00 48,000.00 -18,000.00

Meetings/Workshops/Training 45,000.00 67,000.00 -22,000.00Member Appreciation 5,000.00 15,000.00 -10,000.00Member Communications 35,000.00 85,000.00 -50,000.00Office Supplies 28,000.00 33,000.00 -5,000.00Officers Expense - - 0.00Organizing - 15,000.00 -15,000.00Payroll Taxes 174,150.00 283,200.00 -109,050.00Pension 193,500.00 350,000.00 -156,500.00Postage 35,000.00 45,000.00 -10,000.00President's Fees - 2,500.00 -2,500.00Public Outreach - 3,500.00 -3,500.00Rent 240,000.00 425,000.00 -185,000.00

PEU Local #12017 Budget - DRAFT

2017 Budget 2016 Budget 2017-2016 inc/dec

PEU Local #12017 Budget - DRAFT

2017 Budget 2016 Budget 2017-2016 inc/decSalaries/Def Comp/Cash in Lieu 1,935,000.00 3,495,000.00 -1,560,000.00Social and Charitable Contribution 5,000.00 10,000.00 -5,000.00Staff Insurance 440,000.00 750,000.00 -310,000.00Subscriptions and Publications 1,500.00 5,000.00 -3,500.00Taxes Insurance Other 50,000.00 55,000.00 -5,000.00Telephone 85,000.00 80,000.00 5,000.00Temporary Help 10,000.00 10,000.00 0.00Utilities 40,000.00 60,000.00 -20,000.00Vacation 40,000.00 20,000.00 20,000.00Per Capita Payment 1,006,200.00 - 1,006,200.00Rebate (804,960.00) - -804,960.00Post Employment Benefit Expense    

 Total general fund expenses 3,968,390.00 6,353,700.00 (2,385,310.00)

    

Net income before Reserve & Depreciation 985.00 (309,105.60) 310,090.60

So…Let’s Talk!