Water Industry
Council Budget
(please scroll down to notes)
Projected Revenues |
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MEMBERS |
1997/98 REVENUES |
PROPOSED REVENUES |
VARIANCE |
Board Members |
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ST Environmental Services |
$18,000 |
$16,000 |
$(2,000) |
Earth Tech |
$18,000 |
$16,000 |
$(2,000) |
United Water Resources |
$18,000 |
$16,000 |
$(2,000) |
American Anglian |
$18,000 |
$16,000 |
$(2,000) |
US Water |
$18,000 |
$16,000 |
$(2,000) |
OMI |
$18,000 |
$16,000 |
$(2,000) |
Poseidon Resources |
$6,667 |
$16,000 |
$9,333 |
1 New Member for 6 months |
$0 |
$8,000 |
$8,000 |
1 New Member for 3 months |
$0 |
$4,000 |
$4,000 |
Associate Members |
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10 New Members for 9 months |
$0 |
$6,375 |
$6,375 |
10 New Members for 6 months |
$0 |
$4,250 |
$4,250 |
10 New Members for 3 months |
$0 |
$2,125 |
$2,125 |
TOTALS |
$114,667 |
$136,750 |
$22,083 |
Notes: |
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1. 1997/98 Receipts include Planning Seminar surcharge. |
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2. Assume annual Board Membership fee of $16,000. |
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3. Assume annual Associate Membership fee of $850. |
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PROJECTED OPERATING EXPENSES |
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BUDGET ITEM |
BUDGET AMOUNT |
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Regulatory Consulting |
$50,000 |
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Public Relations |
$5,000 |
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Membership Services |
$5,000 |
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Membership Growth |
$12,000 |
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Seminars & Conferences |
$10,000 |
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Legal |
$10,000 |
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Administration |
$30,000 |
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Accounting |
$2,000 |
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Contingency |
$12,750 |
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TOTALS |
$136,750 * |
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* Does not include $120,000 allocated exclusively for WIC media
campaign or $10,000 for the
Chemonics International Conference and Peer Seminars
In creating the Proposed FY 1998/99 budget, we made certain assumptions concerning growth in membership and redefined some of the budget categories. With regard to projected revenues, we assumed that we would recruit two new board members, one within six months and one within nine months. We also assumed that we would have ten new associate members within three months, ten more within six months and ten more within nine months. This represents a total of thirty associate members by year-end, at an annual fee of $850.
The budgeted expense categories include the following:
Regulatory Consulting: This is budgeted at $50,000 and replaces Lobbying. Included is work similar in scope to our recent efforts on the EPA Guidance Document. This also captures legal work outside normal WIC activities (i.e. reviewing legislative initiatives in other states).
Public Relations: This is budgeted at $5,000 and includes expenses associated with new brochures, press kits, and other marketing materials.
Membership Services: The prior category titled Membership has been divided into two new categories, Membership Services and Membership Growth. Membership Services is budgeted at $5,000 and includes costs associated with supporting the existing membership.
Membership Growth: This, the second membership category, is budgeted at $12,000 and includes costs associated with soliciting new members. Included are such items as travel and living expenses, telephone calls, postage, etc.
Seminars & Conferences: This replaces Marketing Forums and is budgeted at $10,000. Included area costs associated with attendance at seminars and conferences. For budgeting purposes we estimated attendance at five conferences at an annual cost of $1,000 per event.
Legal: This is budgeted at $10,000 and includes only legal expenses associated with normal WIC activities such as attendance at WIC meetings and legal filings.
Administration: This is budgeted at $30,000 and includes maintenance of the WIC web site, the director’s fee of $2,000 per month and associated expenses.
Accounting: This is budgeted at $2,000 and includes fees associated with preparing and filing the WIC tax returns.
Contingency: This is budgeted at $12,750 and includes unanticipated costs.
We are budgeting total revenues and expenses of $136,750 for FY 1998/99.