Jefferson County Agricultural Development Corporation

Budget vs. Actual Income Statement for Fiscal Year

END OF FISCAL YEAR 2007-2008

 

 

YEAR END

APPROVED 2007-2008 BUDGET

 

Remaining Funds

 

 

 

FY Beginning Balance (10-01-07)

 $ 51,434.15

 $   63,176.15

 

Beginning Cash Balance

 

 

 

 

 

 

 

Revenue

 

 

 

Jefferson County Allocation

 $135,000.00

 $ 135,000.00

 

Membership Dues

 $   3,925.00

 $  4,000.00

 

Annual Meeting

 $   5,265.54

 $  2,000.00

 

Fundraising

 $   1,610.00

 

 

Interest

 $      536.84

 $  1,000.00

 

Grants/Reimbursements/refunds

 $   1,660.95

 $  4,255.00

 

Managing for Success Workbook

 $        20.00

 

 

North Country Branding

 $        48.75

 

 

Website Advertising

 $      900.00

 $   500.00

 

Total Revenue

 $148,967.08

 $ 146,755.00

 

 

 

 

 

DAIRY PROFIT TEAM REVENUE

 $ 35,075.73

 

 

 

 

 

 

TOTAL REVENUE

 $184,042.81

 $ 146,755.00

 

 

 

 

 

Expenses

 

 

 

PERSONNEL SERVICES

 

 

 

Salary-Ag Coor & Admin Assist

 $ 74,510.70

 $ 75,140.00

 

 

 

 

 

Employee Benefits

 $ 23,959.57

 $ 24,630.00

 

Total Personal Services

 $ 98,470.27

 $ 99,770.00

 

 

 

 

 

OFFICE EXPENSES

 

 

 

Office Rent

 $   4,300.00

 $  4,300.00

 

Utilities

 $   2,407.03

 $  2,500.00

 

JCJDC Admin Fees

 $   5,500.00

 $  5,500.00

 

Office Expenses

 $   8,131.38

 $  7,500.00

 

Legal/Liability Insurance

 $   1,451.00

 $  9,000.00

 

Annual Meeting

 $   4,973.95

 $  2,000.00

 

Reimbursable

 

 

 

Travel

 $   3,847.49

 $ 5,000.00

 

Total Office Expenses

 $ 30,610.85

 $ 35,800.00

 

 

 

 

 

PROGRAM SERVICES

 

 

 

Ag Development/Marketing

 $   4,045.12

 $ 10,300.00

 

Website Const/Main

 $   1,170.00

 $   4,000.00

 

Ag Labor Recruitment

 

                    

 

Total Program Services

 $   5,215.12

 $ 14,300.00

 

 

 

 

 

DAIRY PROFIT TEAM EXPENSE

 $ 26,345.16

 

 

 

 

 

 

TOTAL EXPENDITURES

 $160,641.40

 $ 149,870.00

 

 

 

 

 

Ending Cash Balance

$  74,835.56

 

 

Beginning balance 10/1/07

 $ 51,434.15

 $ 63,176.15

 

YTD NET INCOME/(LOSS)

 $ 23,401.41

 $(3,115.00)

 

YTD ending balance

 $ 74,835.56

 $ 60,061.54