| A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | |
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1 | Travel Media Association of Canada | |||||||||||||||||||||||||
2 | 2022 Budget (accepted Dec. 12/21) | |||||||||||||||||||||||||
3 | ||||||||||||||||||||||||||
4 | 2020 | 2021 | 2021 | 2021 | 2022 | |||||||||||||||||||||
5 | YTD | Current | FORECASTED | |||||||||||||||||||||||
6 | YTD | Year End Budget | Budget | BUDGET | ||||||||||||||||||||||
7 | Dec 31 | 30-Nov | ||||||||||||||||||||||||
8 | REVENUE | |||||||||||||||||||||||||
9 | Membership | |||||||||||||||||||||||||
10 | Media Dues | 4010 | 28,300.00 | 28,132.40 | 28,132.40 | 25,500.00 | 35400 | 10% increase to 190 members @ $200 each (incl Board/Committee discount adjustement) | ||||||||||||||||||
11 | Industry Dues | 4020 | 44,975.00 | 31,223.75 | 31,223.75 | 30,000.00 | 36750 | 10% increase to 112 members @ $350 each (inlc. Board/Committee discount adjustments) | ||||||||||||||||||
12 | Industry Secondary | 2000 | increase to 20 members @ $100 each )incl Board Comp adjustment) | |||||||||||||||||||||||
13 | Membership Application / Late Fees | 0.00 | 0.00 | - | 1,000.00 | 200 | 8 members late renewal fee of $25 each | |||||||||||||||||||
14 | Total Membership Revenue | 4099 | 73,275.00 | 59,356.15 | 59,356.15 | 56,500.00 | 74,350.00 | |||||||||||||||||||
15 | ||||||||||||||||||||||||||
16 | Conference | |||||||||||||||||||||||||
17 | Media Registration | 4110 | 0.00 | 2,584.50 | 2,584.50 | 2,500.00 | 14,500.00 | *81 media (incl. 6 Board Media comp) | ||||||||||||||||||
18 | Industry Registration | 4120 | 1,250.00 | 20,450.00 | 20,450.00 | 30,000.00 | 78,140.00 | *65 industry primary (can go to 75 with Media Marketplace) (Incl 4 Board Industry COMP) | ||||||||||||||||||
19 | Industry Registration - Secondary | 4121 | 0.00 | 100.00 | 100.00 | - | 7,940.00 | *10 secondary | ||||||||||||||||||
20 | Conference Sponsorship | 4125 | 1,500.00 | 19,000.00 | 19,000.00 | 15,000.00 | 25,000.00 | *cash goal: JERRY ARE YOU COMFORTABLE WITH THIS? | ||||||||||||||||||
21 | Future Host Lunch | 4130 | 0.00 | - | - | 10,000.00 | Greater Sudbury | |||||||||||||||||||
22 | Other Conference Revenue | 0.00 | 2,727.00 | *host hotel room rebate + room drop revenue | ||||||||||||||||||||||
23 | Total Conference Revenue | 4199 | 2,750.00 | 42,134.50 | 42,134.50 | 47,500.00 | 138,307.00 | |||||||||||||||||||
24 | ||||||||||||||||||||||||||
25 | Other Revenue | |||||||||||||||||||||||||
26 | Press Releases/Job Posting | 4410 | 0.00 | 0.00 | - | - | ||||||||||||||||||||
27 | Advertising & Promotion (SPONSORSHIP) | 4420 | 0.00 | 0.00 | - | - | 20,100.00 | *sponsorship committee: COMFORTABLE WITH THIS? | ||||||||||||||||||
28 | Interest Income | 4430 | 672.31 | 353.94 | 353.94 | 500.00 | 500.00 | |||||||||||||||||||
29 | Foreign exchange | 4432 | 0.00 | 387.00 | 387.00 | - | ||||||||||||||||||||
30 | Awards Sponsorship | 4435 | 18,000.00 | 10,640.00 | 10,640.00 | 18,000.00 | 24,000.00 | *11 awards, Goal 8 Sponsors @ $3000 each | ||||||||||||||||||
31 | Award Submission Fees | 4436 | 2,880.00 | 2,514.00 | 2,514.00 | 2,000.00 | 2,000.00 | * first 3 free, thereafter $25 each x 80 | ||||||||||||||||||
32 | Strategic Development | 4437 | 0.00 | 0.00 | - | - | ||||||||||||||||||||
33 | Charitable donations collected | 4438 | 0.00 | 0.00 | - | - | ||||||||||||||||||||
34 | Chapter Contributions | 4439 | 0.00 | 5,500.00 | 5,500.00 | - | ||||||||||||||||||||
35 | Sundry | 4440 | 0.00 | 172.04 | 172.04 | - | *triptease - should have been under advertising? | |||||||||||||||||||
36 | Total Other Revenue | 4499 | 21,552.31 | 19,566.98 | 19,566.98 | 20,500.00 | 46,600.00 | |||||||||||||||||||
37 | ||||||||||||||||||||||||||
38 | Travel Subsidy/Grant Fund | |||||||||||||||||||||||||
39 | Media Travel Subsidy/Grant - Host | 4510 | 0.00 | - | - | 10,000.00 | YASTA | |||||||||||||||||||
40 | Media Travel Subsidy/Grant - Industry | 4520 | 0.00 | - | - | 9,750.00 | $150/primary industry delegate est 65 | |||||||||||||||||||
41 | Total Travel Subsidy/Grant Fund | 4599 | 0.00 | 0.00 | - | - | 19,750.00 | |||||||||||||||||||
42 | 121,057.63 | |||||||||||||||||||||||||
43 | TOTAL REVENUE | 97,577.31 | 121,057.63 | 124,500.00 | 279,007.00 | |||||||||||||||||||||
44 | ||||||||||||||||||||||||||
45 | EXPENSE | |||||||||||||||||||||||||
46 | Administrative Expenses | 5000 | ||||||||||||||||||||||||
47 | Management Fees | 5010 | 77,875.20 | 61,283.40 | 65,283.40 | 65,596.00 | 50,000.00 | As per DR WILL be reduced to May 1st | ||||||||||||||||||
48 | Corporate Tax Expense | 5015 | 48.00 | 87.89 | 87.89 | |||||||||||||||||||||
49 | Audit | 5020 | 3,000.00 | 2,517.50 | 2,517.50 | 3,500.00 | 2,500.00 | *review not audit, need quote | ||||||||||||||||||
50 | Legal Fees | 5025 | 0.00 | 4,324.58 | 5,000.00 | - | 5,000.00 | * est from finance + payout | ||||||||||||||||||
51 | Insurance | 5030 | 1,729.08 | 1,093.08 | 1,093.08 | 1,750.00 | 1,750.00 | *as per 2021 | ||||||||||||||||||
52 | Board/Committee | 5040 | 17.76 | 2,114.00 | 2,167.23 | - | 2,500.00 | Operational, not committee expenses. Attendance at TIAC? | ||||||||||||||||||
53 | Memberships | 5041 | 0.00 | 454.25 | 454.25 | - | 454.25 | TIAC membership | ||||||||||||||||||
54 | Strategic Plan | 5045 | 0.00 | 0.00 | - | - | 5,000.00 | *Strat Plan, board travel to TO /meals + Governance Policy support | ||||||||||||||||||
55 | TMAC Website | 5046 | 1,733.42 | 1,337.55 | 2,000.00 | 2,500.00 | 2,500.00 | |||||||||||||||||||
56 | TMAC Management Software | 5047 | 954.00 | 0.00 | - | 2,500.00 | 1,500.00 | *Adobe $240/yr + unknowns | ||||||||||||||||||
57 | Board/ED Travel Expenses | 5050 | 322.97 | 0.00 | - | - | 5,000.00 | *estimate given advocacy aspirations | ||||||||||||||||||
58 | Chapter Funding | 5060 | 2,550.00 | 2,462.50 | 2,462.50 | 2,550.00 | 6,000.00 | *$25/membership min $500/max $2000 | ||||||||||||||||||
59 | Postage & Courier | 5080 | 887.12 | 1,463.99 | 1,500.00 | 1,000.00 | 1,200.00 | |||||||||||||||||||
60 | Office Supplies/Expenses | 5090 | 1,250.03 | 1,836.89 | 1,836.89 | 2,500.00 | 2,500.00 | |||||||||||||||||||
61 | Bookkeeping / Admin Services | 5095 | 8,313.88 | 6,035.92 | 6,500.00 | 12,000.00 | 12,000.00 | bookkeeping/web support | ||||||||||||||||||
62 | Bank Charges/ Credit Card Charges | 5100 | 4,927.03 | 3,807.36 | 4,000.00 | 7,000.00 | 7,000.00 | |||||||||||||||||||
63 | Bad Debt Expense | 5105 | 0.00 | 0.00 | - | - | - | |||||||||||||||||||
64 | E-mail/Website Hosting/Maintenance | 5110 | 1,110.84 | 1,302.20 | 1,500.00 | 1,500.00 | 1,500.00 | |||||||||||||||||||
65 | E - Newsletter | 5115 | 1,216.48 | 450.20 | 450.20 | 600.00 | - | *using software within website | ||||||||||||||||||
66 | Survey Monkey | 5116 | 434.17 | 677.12 | 677.12 | 420.00 | 420.00 | |||||||||||||||||||
67 | Publications | 5120 | 0.00 | 250.00 | 250.00 | - | - | |||||||||||||||||||
68 | Editorial Directory | 5121 | 0.00 | 0.00 | - | - | - | |||||||||||||||||||
69 | New Member Welcome Kit | 5125 | 0.00 | 0.00 | - | - | - | |||||||||||||||||||
70 | National PD Speakers | 5130 | 2,885.00 | 2,495.00 | 2,495.00 | 4,750.00 | 2,250.00 | Per KD | ||||||||||||||||||
71 | National PD Forums | 5140 | 1,398.66 | 0.00 | - | 1,000.00 | ||||||||||||||||||||
72 | Awards Prizes | 5180 | 17,288.75 | 15,281.03 | 15,281.03 | 18,000.00 | 16,500.00 | *provided by TF cash/certificates | ||||||||||||||||||
73 | Judges Fees | 5181 | 4,950.00 | 4,950.00 | 4,950.00 | 4,950.00 | 4,950.00 | *provided by TF | ||||||||||||||||||
74 | Honorarium - TMAC President | 5190 | 5,000.00 | 0.00 | 10,000.00 | 10,000.00 | 10,000.00 | *Pd in 2 installments, Dec 31 and May 31 - needs policy | ||||||||||||||||||
75 | Donations | 5191 | 0.00 | 0.00 | - | - | - | |||||||||||||||||||
76 | Social Media Co-ordinator | 5192 | 1,140.00 | 613.00 | 613.00 | 1,250.00 | - | |||||||||||||||||||
77 | Total Administrative Expenses | 139,032.39 | 114,837.46 | 131,119.09 | 143,366.00 | 140,524.25 | ||||||||||||||||||||
78 | ||||||||||||||||||||||||||
79 | Conference Expenses | 5300 | ||||||||||||||||||||||||
80 | Virtual Conference | 5305 | 0.00 | 0.00 | - | - | ||||||||||||||||||||
81 | Venue | 5310 | 0.00 | 0.00 | - | - | 2,000.00 | |||||||||||||||||||
82 | Food & Beverage | 5315 | 0.00 | 0.00 | - | - | 12,748.00 | |||||||||||||||||||
83 | F&B - Future Host Lunch | 5316 | 0.00 | 0.00 | - | - | 7,552.00 | |||||||||||||||||||
84 | Audio-Visual/Conference Platform | 5317 | 0.00 | 21,740.29 | 21,740.29 | 25,000.00 | 3,000.00 | |||||||||||||||||||
85 | Conference Registration | 5318 | 595.00 | 0.00 | - | 2,500.00 | 3,000.00 | |||||||||||||||||||
86 | Attrition | 5319 | 0.00 | 0.00 | - | - | 2,000.00 | |||||||||||||||||||
87 | Travel (attendance) | 5320 | 0.00 | 0.00 | - | 2,500.00 | 20,938.00 | *board members reg/travel/accommodation + 2 staff onsite | ||||||||||||||||||
88 | On-Site Material | 5330 | 0.00 | 15.04 | 15.04 | - | 2,500.00 | |||||||||||||||||||
89 | Speaker Honourarium | 5350 | 0.00 | 5,000.00 | 5,000.00 | 5,000.00 | 2,500.00 | |||||||||||||||||||
90 | Professional Development speakers | 5360 | 0.00 | 0.00 | - | - | 2,500.00 | |||||||||||||||||||
91 | Other Conference Expenses | 6,960.00 | ||||||||||||||||||||||||
92 | Total Conference Expenses | 5399 | 595.00 | 26,755.33 | 26,755.33 | 35,000.00 | 65,698.00 | |||||||||||||||||||
93 | ||||||||||||||||||||||||||
94 | Travel Subsidy/Grant | 5400 | ||||||||||||||||||||||||
95 | Media Subsidy/Grant | 5410 | 0.00 | 0.00 | - | - | 19,750.00 | |||||||||||||||||||
96 | Total Travel Subsidy/Grant | 5499 | 0.00 | 0.00 | - | - | 19,750.00 | |||||||||||||||||||
97 | ||||||||||||||||||||||||||
98 | TOTAL EXPENSE | 139,627.39 | 141,592.79 | 157,874.42 | 178,366.00 | 225,972.25 | ||||||||||||||||||||
99 | ||||||||||||||||||||||||||
100 | NET INCOME | -42,050.08 | -20,535.16 | (36,764.27) | (53,866.00) | 53,034.75 | ||||||||||||||||||||