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FOSB Approved Budget 2023-2024 School Year
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Fiscal Year Budget July 2023 - June 2024
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Cash from Prior Year
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Rollover Cash (Estimate based on expected expenses remaining for 2022-23 school year) 45,378.00 Funds unspent from prior school year (Excludes Restricted funds including final Payment for SPS Grant 23-24, Spring 2023 Fund-A-Need, excludes 2023 Auction Income and $10k reserve funds)
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Spring 2023 Anticipated Auction Income 80,000.00 Funds raised in the current school year are used in the next school year
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Spring 2023 Auction Anticipated Fund-A-Need - ScholarshipsRESTRICTED FUNDS 35,000.00 Funds raised in the current school year are used in the next school year for a specific purpose - RESTRICTED FUNDS (cannot be used for other than intended purpose)
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Total Cash From Prior Year for 2022-2023 Fiscal Year 160,378.00
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Incoming Funds
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Business Matching 15,000.00 Many employers will match donations made by their employees up to a certain amount
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Direct Giving Fall 2023 62,000.00 Campaign in the fall for donations to support FOSB programs - money raised is used in the same school year
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Events 1,500.00 Money from Business fundraisers (% of sales events), Rock for FOSB, etc…
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Bank Interest Earned 500.00 Interest from Money Market account
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Total Incoming Funds 79,000.00
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Total Incoming Cash 239,378.00
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EXPENSES
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Required Reserves
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Reserves 12,728.00
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 12,728.00
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SPS Grant
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Salmon Bay School GrantAdmin 86,000.00 Request from Salmon Bay Admin team to cover FTEs not covered by Seattle Public Schools
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 86,000.00
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Equity Fund
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New School Logo 7,000.00 Funds set aside for development of a new Salmon Bay school logo, and a presentation ceremony
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Equity Seed Money 5,000.00 Seed Funds could increase or decrease.
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 12,000.00
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FOSB Administration
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Annual Liability Insurance 550.00
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Bank Fees 50.00 Monthly IATS access bank fee
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Bookkeeper 8,000.00 Cost for bookkeeper - cutting checks, filing reports, maintain records, reconciling accounts
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Bulk Mail Permit 300.00 Post Office permit to allow discount for bulk mailing of Direct Giving campaign and Auction invitations
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Calendar Software 100.00 Annual cost for calendar software for FOSB Website
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Credit Card Service Fees 4,250.00 Credit card processing fees for online donations - Direct Give/Auction/Activities/General Donations
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Domain Annual Renewal 150.00 Annual Renewal of FOSB web domain registration
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Dreamhost Annual Renewal 100.00 Annual fee for hosting FOSB website
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FOSB End of Year Retreat 500.00 Annual meeting to review past school year and plan for next school year
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FOSB Meeting expenses 300.00 Childcare for in-person FOSB meetings
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FOSB Volunteer Appreciation Event 1,000.00 Recognition event for FOSB volunteers
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IATS Annual Fee 250.00 Annual fee for Benevity donations
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Maestro Annual Fee 1,500.00 Software used for donations database for Fall Direct Giving campaign and Spring Auction
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QuickBooks License Renewal 1,000.00 Software used by bookkeeper to print checks and track revenue and expenses
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State/City Filings 200.00 Required annual non-profit filings with Seattle and WA State
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Supplies 100.00 Miscellaneous supplies needed - paper, check stock, etc.
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Zoom Annual Renewal 200.00
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Total Administration 18,550.00
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All School Support
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Classroom Support 1,500.00 Additional support for teacher classroom supplies reimbursement
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Drama Stage Tech 1,500.00 Drama department puts on two plays each school year. This covers supplies needed for sets, costumes, performance fees
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Elementary WEP Supplies & Outside instructors 5,000.00 Elementary WEP supplies, outside instructors
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Kindergarten T-shirts 1,000.00 Salmon Bay t-shirts provided to incoming Kindergarteners
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Lantern Festival 1,000.00 Winter Solstice lantern festival - supplies to make lanterns
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Middle School Exploratory Supplies 1,000.00 Teacher supplis for Middle School Exploratory Classes
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Racial Equity Team (RET)Admin 1,000.00 Provides professional development stipend to 5 SB staff for 1 hour per month for 10 months
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WEB T-shirts 1,500.00 T-shirts printed with participants' names - for 8th graders participating in WEB leadership program
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Yearbooks Elementary & Middle 11,000.00 Every student is provided with a yearbook at the end of the school year
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Total All School Support 24,500.00
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Program Support
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FOSB Scholarships2023-2024 Fund-A-Need (from Spring 2023 auction)RESTRICTED 35,000.00 Funds raised to provide scholarships for Middle School WEP, After-School programs, K-8 Camps
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Middle School Winter Enrichment Program (WEP) 10,000.00 There is a student enrichment fee charged for Camps and WEP. FOSB provides scholarships for students who are unable to pay the enrichment fees, FOSB provides scholarships for students who would like to participate in before and afterschool programs but are unable to pay the fees
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K-8 Camps
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Before/After School Classes
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Total Program Support 45,000.00
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Volunteer Coordinator Support
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Funds can be moved within these line items at the discretion of the Volunteer Coordinator5th Grade Activities 1,000.00 End of year activities for 5th graders - moving up ceremony, etc.
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8th Grade Activities 1,000.00 End of year activities for 8th graders - moving up ceremony, etc.
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Appreciations 1,000.00 Staff and Parent appreciations
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Art/Poetry Nights 300.00
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Community Connection 500.00 Events to connect students, staff, parents, guardians, community members
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New Student Welcome 500.00 Events to welcome new students to Salmon Bay
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Newsletter Expense 250.00 Friday Newsletter online portal
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Pi Night 300.00
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School Snacks for teachers 750.00 The "Snack Shack"
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Supplies for Events/Work Parties 500.00
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Volunteer Coordinator Support - other 3,000.00
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Total Volunteer Coordinator Support 9,100.00
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Committees
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Auction Expense (not including CC fees) 22,000.00 Auction related costs - auctioneer, rentals, invitations, etc.
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Building Communities Initiative 2,900.00 Events for K-8 students, staff, and families
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Bike to School 200.00 Program in May each year to promote biking to school
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Direct Giving (not including CC fees) 500.00 Fall fundraiser
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Equity, Diversity, Inclusion Committee (EDI) 400.00 Present programs and provide support materials that address issues of EDI
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Families of Color Committee 1,500.00 Plan events & activities to support & promote families of color & cultural diversities
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Garden Committee 1,500.00 Refresh plantings around the school building
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Parent Information Exchange (PIE) 1,500.00 Enrichment programs for parents on a variety of subjects
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Rock for FOSB Committee 500.00 Rock for FOSB fundraiser - parents and staff create a band for a one night performance
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Special Education & Disability Committee (SED) 500.00 Present programs and provide support materials that address issues sepcial education & disabilities
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Total Committee Expense 31,500.00