1. Wednesday, May 3rd, 2017 Richard Jopp, Treasurer
2017 – 18 REA budget
Wednesday, May 3rd, 2017
Richard Jopp, Treasurer

2. Bottom Line First So…Where do your dues dollars go?
This year we are roughly $16,200 on the
good side of our budget ledger.
So…Where do your dues dollars go?

3. 5.5% 9.3% 71.9% 13.3% Where your dues $ go Association Leave
REA Banquet
Lobbying
Staff Development
REA Socials
5.5%
ED MN Rep Convention
NEA Convention
AFT Convention
9.3%
71.9%
PR /Media
Secretarial
Audit
Office Rental
Computer Support
Office Supplies
Community Involvement
Charitable Contributions
President expenses
Officer stipends
Exec Board meetings
FR meetings
Negotiations
13.3%

4. Historical Averages
INCOME
EXPENSES

5. Historical Averages FTE
Estimating 1390 total FTE for
We currently have 1410 FTE

6. Crisis Fund
In Addition to our regular dues, $1.00 from each member goes into the REA Crisis Fund every month.
Right now we have ~$553, in our Crisis Fund. These saving are spread through 5 different accounts at First Alliance and ONB
This is our safety net in case of a strike. With it we can cover about 3 weeks worth of insurance payments.

7. Next Year
Keep in mind that a budget is a flexible guide as to where we spent our money in the past, and where we want to allocate our money in the future.
It is a working document, not something that is followed to the letter.
Projected Revenue:
$234, (This includes dues, dividend, and banquet income)
Projected Expenses:
$237,210.00
Net:
- $2,970.00

8. Changes from Last Year Savings over last year
Increased costs next year
Summer Leadership +$700.00
New Line Items
FR Contingency Fund +$500.00
Vice President Stipend -$4,861.00
Quarry Hill +$100.00
Negotiations Secretary -$800.00
NCUEA +$412.00
LCAT misc -$500.00
Higher Costs
Officer Stipends (1.25% increase each)
Add 4 days to Govt Relations -$1,661.00
New President -$6,900.00
One-time costs
President transition stipend -$2,005.00

9. 2017-2018 REA Budget Right Now: Income projections held stable
Expenditures up $11,800.00
If we spend down all budget categories our bottom line will be ($2,970.00)
Keep in Mind
we had a surplus of $17,961.00
we had a surplus of $16,291.00
Over the last two years this amount of $34, is still in our account to cover us for rainy days.

10. Feel free to contact me:
Questions?
Feel free to contact me: