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

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?

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%

Historical Averages INCOME EXPENSES

Historical Averages FTE Estimating 1390 total FTE for 2017-18 We currently have 1410 FTE

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 ~$553,310.00 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.

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: $234,240.00 (This includes dues, dividend, and banquet income) Projected Expenses: $237,210.00 Net: - $2,970.00

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

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 2015-16 we had a surplus of $17,961.00 2016-17 we had a surplus of $16,291.00 Over the last two years this amount of $34,252.00 is still in our account to cover us for rainy days.

Feel free to contact me: Questions? Feel free to contact me: rijopp@rochester.k12.mn.us