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Travel Media Association of Canada
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2021202220222023
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Full BUDGET PROJECTED APPROVED
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Year
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BASED ON GOVERNACE
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Membership20232022
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Media Dues401028,232.40 35,400.00 $33,000.00 $ 38,000.00 190188
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Industry Dues402030,973.75 36,750.00 $46,575.00 $ 54,250.00 155155
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Industry Secondary2,000.00 $0.00 $ -
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Membership Application /Late Fees200.00 $0.00 $ -
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TIAC Associate fee40250.00 0.00 $750.00
no longer going through our books
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Membership Application 0.00 0.00 $0.00 $ -
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Total Membership Revenue409959,206.15 74,350.00 $80,325.00 $ 92,250.00
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ConferenceReg Fee
Number of delegates
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Media Registration41102,584.50 14,500.00 $16,700.00 $ 18,000.00 $ 200.00 90
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Industry Registration412020,450.00 78,140.00 $91,275.00 $ 88,900.00 $ 1,270.00 70
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Industry Registration - Secondary4121100.00 7,940.00 $6,650.00 $ 20,000.00 $ 2,000.00 10
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Other Registration (non marketplace) $ 4,000.00 $ 800.00 5
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Conference Sponsorship412519,000.00 25,000.00 $37,095.00 $ 39,470.00 GOALSell out
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Future Host Lunch41300.00 10,000.00 $0.00 $ 10,000.00
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Other Conference Revenue 2,727.00
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Furture Host Site Tour $ 5,000.00
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Total Conference Revenue419942,134.50 138,307.00 $151,720.00 $ 185,370.00
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Other Revenue
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Press Releases/Job Posting44100.00 $0.00 $ -
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Advertising & Promotion (Sponsorship)44200.00 20,100.00 $1,500.00 $ 10,000.00
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Interest Income4430355.72 500.00 $50.00 $ 100.00
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Foreign exchange4432387.00 -$112.00 $ (300.00)
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Awards Sponsorship 443510,640.00 24,000.00 $21,875.00 $ 30,000.00 30009 of 12
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Award Submission Fees44362,514.00 2,000.00 $2,480.00 $ 2,000.00
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Strategic Development44370.00 $0.00 $ -
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Charitable donations collected44380.00 $0.00 $ -
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Chapter Contributions44395,500.00 - $0.00 $ -
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Sundry 4440172.04 $0.00 $ 1,000.00
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Total Other Revenue449919,568.76 46,600.00 $25,793.00 $ 42,800.00
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Travel Subsidy/Grant Fund
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Media Travel Subsidy/Grant - Host45100.00 10,000.00 $10,000.00 $ 10,000.00
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Media Travel Subsidy/Grant - Industry45200.00 9,750.00 $10,950.00 $ 12,000.00
$150 per industry x 80
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Total Travel Subsidy/Grant Fund45990.00 19,750.00 $20,950.00 $ 22,000.00
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TOTAL REVENUE120,909.41 279,007.00 $278,788.00 $ 342,420.00
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EXPENSE
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Administrative Expenses5000
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Management Fees (SALARY)501066,283.40 50,000.00 $51,943.06 $ 50,000.00 annual salary
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Corporate Tax Expense501587.89 - $ -
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Payroll expenses50160.00 $1,444.70 $ 3,756.00
Employers portion 288.94 x 13 mos/26 pays
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Audit50202,517.50 2,500.00 $1,975.00 $ 2,500.00
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Legal Fees502530,532.08 5,000.00 $2,500.00 $ 1,000.00
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Insurance50301,093.08 1,750.00 $3,166.87 $ 3,166.00
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Board/Committee operational expenses50404,091.13 2,500.00 $2,500.00 $ 5,000.00
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Board/Committee Membership Discounts $ 4,175.00
See Volunteer Discounts Tab
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Memberships5041454.25 454.25 $970.00 $ 970.00
see expenses tab
TIAC & CSEA for insurance
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Strategic Planning (contract)50450.00 5,000.00 $7,500.00 $ -
see Strat Plan tab
Plan/Board expenses
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TMAC Website 50461,337.55 2,500.00 $2,500.00 $ 2,500.00
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TMAC Management Software50470.00 1,500.00 $1,500.00 $ 1,500.00
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Board/ED Travel Expenses50500.00 5,000.00 $8,000.00 $ 12,000.00
see expenses tab
TIAC/Board
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Chapter Funding50602,462.50 6,000.00 $3,975.00 $ 6,000.00
Based on policy
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Postage & Courier50801,476.75 1,200.00 $1,000.00 $ 1,200.00
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Office Supplies/Expenses50901,853.19 2,500.00 $3,000.00 $ 3,000.00
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Bookkeeping / Admin Services50956,726.29 12,000.00 $12,000.00 $ 12,000.00
see expenses tab
Subscriptions/bookkeeping/outlook/etc
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Bank Charges/ Credit Card Charges51004,039.38 7,000.00 $7,000.00 $ 7,000.00
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Bad Debt Expense51050.00 -
$ -
$ -
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E-mail/Website Hosting/Maintenance51103,811.44 1,500.00 $1,500.00 $ 1,500.00
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E - Newsletter5115450.20 -
$ -
$ -
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Monkey Survey5116677.12 420.00 $420.00 $ 360.00
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Publications5120250.00 -
$ -
$ -
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Editorial Directory51210.00 -
$ -
$ -
?? What is this
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New Member Welcome Kit51250.00 -
$ -
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National PD Speakers51302,495.00 2,250.00 $1,250.00 $ 2,000.00
250/speaker x max 2 per session x 4 per year
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National PD Forums51400.00
$ -
$ -
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Award Cash Prizes518014,781.03 16,500.00 $15,788.41 $ 15,000.00
cash prizes/certificates/mailing
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Award Judges Fees51814,950.00 4,950.00 $4,950.00 $ 4,950.00 judges fees
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Honorarium - TMAC President519010,000.00 10,000.00 $10,000.00 $ 10,000.00
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Donations51910.00 -
$ -
$ -
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Social Media Co-ordinator5192613.00 -
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TIAC Assc. Fee51930.00 $775.00
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TIAC Award Sponsorship160,982.78 $5,000.00 $ 5,000.00
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Total Administrative Expenses 140,524.25 $150,658.04 $ 154,577.00
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Conference Expenses5300
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Virtual Conference53050.00 - $0.00
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Venue53100.00 2,000.00 $2,000.00 $ 9,500.00
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Food & Beverage53150.00 12,748.00 $14,520.62 $ 22,744.00
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F&B - Future Host Lunch531621,740.29 7,552.00 $ 6,000.00
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Audio-Visual/Conference Platform53170.00 3,000.00 $6,335.00 $ 8,000.00
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Conference Registration53180.00 3,000.00 $1,500.00 $ 3,000.00
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Attrition53190.00 2,000.00 $0.00 $ 2,000.00
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Board & Committee Conf reg/travel/accomm532020,938.00$12,295.13 $ 19,376.00
see vol discounts
Board reg and accomm
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Admin Support Contract $ 6,000.00
Conf Support contract: 120hrs/$50
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Admin Accommodation/Travel $ 3,412.00
CAO + Admis travel $1200 + 7 nights $2212
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Other Conference Expenses532515.04 $9,000.00 $ 9,000.00
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On-Site Material53305,000.00 2,500.00 $0.00
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Speaker Honourarium5350-150.00 2,500.00 $250.00 $ 5,000.00
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Professional Development5360 2,500.00 $1,827.40 $ 5,000.00
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Future Host Site Tour $ 5,000.00