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Gateway 2020-21 Budget Summary
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RevenuesNotes:
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Student Fees¹ $ 178,755.00 1
Made worst-case scenario projection of 15% reduction in student attendance based on 2019-20 levels
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Ad sales $ 20,000.00 2
Investment revenue is reported as income as per CRA guidelines but is reinvested in our savings portfolios
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Investment Revenue² $ 200.00 3
Approximate estimate for three reporting periods
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Canada Emergency Wage Subsidy³ $ 28,491.00 4
Savings account is not allowed to be used unless (a) board approves and (b) for emergency purposes
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Total Revenue $ 227,446.00 5
Reduction of normal circulation levels by 50%
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Includes the cost of our creation software like Adobe and website infrastructure (Server fees, site maintenance,etc.)
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Other Accounts7
Includes advertising of The Gateway, hosting events and event sponsorships, marketing material, etc.
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Savings Accounts⁴$14,0008
Includes consultations with legal counsel, audit costs, bookkeeping, etc.
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One item: 4 x podcast microphones
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Expenses10
Includes printer cartridges, business cards, etc.
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Printing costs⁵ $ 23,856.00
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Staff salaries $ 147,490.00
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CPP$5,538
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EI $ 3,262.00
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WCB $ 1,195.44
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Computer Software/Subscriptions⁶
$ 3,385.65
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Office Supplies¹⁰$371.18
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Photo Budget$110
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Bank & Service Charges$400
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Online Editor Budget⁹
$168
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Distribution Expenses$250
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Executive Director Budget$250
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Outreach Budget⁷ $ 2,605.00
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Insurance & Liability $ 5,371.78
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FOIP Budget $ 400.00
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Scholarships $ 1,500.00
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Staff Training & Development $ 1,300.00
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Rent & Custodial Service $ 10,384.00
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Payroll Service $ 940.00
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Computer leasing $ 5,160.00
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Professional fees⁸$12,550.00
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Volunteer & Staff Appreciation $ 1,130.00
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Emergency Fund $ 1,000.00
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Total Expenses $ 228,617.05
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Total Revenue $ 227,446.00
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Total Expenses $ 228,617.05
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PROFIT $ (1,171.05)
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