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Friends of Salmon Bay Draft Budget 2024-2025 School Year
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Fiscal Year Budget 2024-2025
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 Budget from 2023-2024 Expected Actuals for 2023-24 2024-25 Budget
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Cash from Prior Year
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Rollover Cash$45,378$45,378$90,000Funds unspent from prior school year (Excludes Restricted funds including final Payment for SPS Grant, All Fund-A-Need, 2024 Auction Income and $20k of savings). Higher this year due to Direct giving in 2023 being higher than projected.
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Scholarships - Middle School Camps (pre-Covid)RESTRICTED FUNDS$20,000$20k Remaining funds from pre-Covid designated for middle school camp scholarships
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Spring 2024 Final Auction Income$80,000$80,000$55,000Funds raised in the current school year are used in the next school year
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Spring 2024 Auction Fund-A-NeedRESTRICTED FUNDS$35,000$35,000$15,000Funds 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$160,378$160,378$180,000
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Incoming Funds
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Business Matching$15,000$35,495$15,000Many employers will match donations made by their employees up to a certain amount
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Direct Giving Fall 2024$62,000$81,422$69,000Campaign in the fall for donations to support FOSB programs - money raised is used in the same school year
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Other income$1,500$200$0Passive Fundraising (Kroger/Fred Meyer)
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Bank Interest Earned$500$741$1,000Interest from Money Market account
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Total Incoming Funds$79,000$117,858$85,000
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Total Incoming Cash$239,378$278,236$265,000
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EXPENSES
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Required Reserves
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Emerging Needs Fund$8,228$4,000unplanned/emerging expenses; examples: replacing walkie-talkies, cafetorium microphones, etc.; process needed
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$8,228$4,000
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Salmon Bay School Support
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Salmon Bay School GrantAdmin$86,000$73,949$121,000Pays for FTEs not funded by the district; 2024-25: will support part of one MS ELA position and part of the K-8 art teacher
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Classroom support$1,500$1,500$0 $150 per FTE
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Racial Equity Team (RET)Admin$1,000$1,000$1,000Provides professional development stipend to 5 SB staff for 1 hour per month for 10 months
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Total Salmon Bay Support$88,500$76,449$122,000
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Additional School Support
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Drama Stage Tech$1,500$1,500$1,425Drama department puts on two plays each school year. This covers supplies needed for sets, costumes, performance fees
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Elementary SEP Supplies & Outside instructors$5,000$500$1,500Elementary SEP supplies, outside instructors - now partially funded by Creative Advantage
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Kindergarten T-shirts$1,000$1,000$900Salmon Bay t-shirts provided to incoming Kindergarteners, buy in Spring for the next school year
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Lantern Festival$1,000$1,000$900Day time Winter Solstice lantern festival - supplies to make lanterns -
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Middle School Exploratory Supplies$1,000$1,000$1,000Teacher supplies for Middle School Exploratory Classes
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WEB T-shirts$1,500$1,341$1,400T-shirts printed with participants' names - for 8th graders participating in WEB leadership program
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Teacher and Staff Mini-grant fund$0FOSB managed grants for teachers; Proposal process needed
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Middle School Sports Support (SPS After School)$800$1,250For 2024-25: Team jerseys - JV girls BB $1k, Boys soccer $250
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Spring Ultimate Frisbee$1,000Equipment
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Yearbooks Elementary & Middle$11,000$11,055$9,900Every student is provided with a yearbook at the end of the school year
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FAN Restricted Fund Use (Library)$15,000Fund-A-Need from 2024 auction
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Total Add'l School Support$22,000$18,196$34,275
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Equity Funding
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New School Logo$7,000$0$0
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FOSB Scholarships$45,000$45,000$45,000$1k of this for ASP; $20k for MS camps; Remainder: Fall Connections, K-8 camps, and SEP
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Racial Equity Fund$8,000$5,000$7,600
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Total Equity Funding$60,000$50,000$52,600
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FOSB Administration
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Annual Liability Insurance$550$550$600
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Bank Fees$50$50$50 Monthly IATS access bank fee
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Bookkeeper$8,000$8,000$7,500 Cost for bookkeeper - cutting checks, filing reports, maintain records, reconciling accounts
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Bulk Mail Permit$300$300$300 Post Office permit to allow discount for bulk mailing of Direct Giving campaign and Auction invitations
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Credit Card Service Fees$4,250$4,250$4,250 Credit card processing fees for online donations - Direct Give/Auction/Activities/General Donations
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FOSB Annual Director Planning Meeting$0$0$250 Annual meeting to review past school year and plan for next school year; Zeroed out for current year
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FOSB Meeting expenses$500$500$500Childcare for in-person FOSB meetings, updated October 2023 to provide childcare at all meetings
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FOSB Volunteer Appreciation Event$1,000$1,000$1,000 Recognition event for FOSB volunteers
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IATS Annual Fee$250$250$250Annual fee for Benevity donations
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Maestro Annual Fee$1,500$1,500$1,500Software used for donations database for Fall Direct Giving campaign and Spring Auction
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QuickBooks License Renewal$1,000$1,000$100Software used by bookkeeper to print checks and track revenue and expenses
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State/City Filings$200$200$200Required annual non-profit filings with Seattle and WA State
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Supplies$100$100$125Miscellaneous supplies needed - paper, check stock, etc.
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Constant Contact - Newsletter$400$400$880Website fees $350, Newsletter/Constant Contact $400; Zoom $200
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Total FOSB Administration$18,100$18,100$17,505
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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$1,000$1,000End of year activities for 5th graders - moving up ceremony, etc.
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8th Grade Activities$1,000$1,000$1,000End of year activities for 8th graders - moving up ceremony, etc.
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Appreciations$1,000$1,000$900Staff and Parent appreciations (Staff appreciation week and end of year)
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Art/Poetry Nights$300$0
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Background Checks Scholarship$150$150Added to budget November 2023
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Community Connection$500$450Events to connect students, staff, parents, guardians, community members
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New Student Welcome$500$0$450Events to welcome new students to Salmon Bay
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Pi Night$300$200Moved to CBI committee
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School Snacks for teachers$750$244$450The "Snack Shack" for beginning of year, conferences, and end of year
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Supplies for Events/Work Parties$500$500$450
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Volunteer Coordinator Support - other$3,000$1,000$1,000
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Total Volunteer Coordinator Support$9,000$4,944$5,850
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Committees
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Auction Expense (not including CC fees)$22,000$22,000$20,900Auction related costs - auctioneer, rentals, invitations, etc.
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Community Building Initiative (CBI)$2,900$2,500$3,705Events for K-8 students, staff, and families; 2024-25 to include Pi night and Book-a-Day program
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Bike to School$200$90Program in May each year to promote biking to school
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Direct Giving (not including CC fees)$500$400$480Fall fundraiser
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Equity, Diversity, Inclusion Committee (EDI)$400$300$90Present programs and provide support materials that address issues of EDI
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Families of Color Committee$1,500$90Plan events and activities to support and promote families of color and cultural diversities
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Garden Committee$1,500$1,000$950Refresh plantings around the school building
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Legislative Committee$0$0$90Participate on the city, county, and state level in school related issues brought up by the legislatures
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Parent Information Exchange (PIE)$1,500$604$1,425Enrichment programs for parents on a variety of subjects
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CANSSPA Partnership$500$0$0FOSB has agreed to be a member of CANSSPA, but no financial commitment has been made at this time. (May 2024)
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Family and Student Learning Support Committee$2,000$0$950Present programs and provide support materials that address issues for all families
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Total Committee Support$33,000$26,804$28,770
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Total Expenses$238,828$194,493$265,000
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