Operating Budget

Income

	2007 Budget	Percent of Total	Change from Prior Year	2006 Budget	2006 Actual/Estimate	Estimated Over/Under

Contributions	$1,723,000	85.00%	-6.86%	$1,850,000	$2,043,645	$193,645
Investment Income	$284,000	14.01%	11.37%	$255,000	$567,967	$312,967
Other Income	$20,000	0.99%	0.00%	$20,000	$23,831	$3,831

Total Income	$2,027,000	100.00%	-4.61%	$2,125,000	$2,635,443	$510,443

Expenses

	2007 Budget	Percent of Total	Change from Prior Year	2006 Budget	2006 Actual/Estimate	Estimated Over/Under

Program Expenses	$860,000	47.23%	-74.17%	$3,330,000	$3,238,627	($91,373)
Fundraising Expenses	$83,000	4.56%	15.28%	$72,000	$73,161	$1,161
Administrative Expenses	$878,000	48.22%	8.87%	$806,500	$744,370	($62,130)

Total Expenses	$1,821,000	100.0%	-56.73%	$1,639,000	$4,056,158	($152,342)

Summary

	2007 Budget			2006 Budget	2006 Actual/Estimate
Income:	$2,027,000			$2,125,000	$2,635,443
Expenses	($1,821,000)			($4,208,500)	($4,056,158)
Surplus/(Shortage)	$206,000			($2,083,500)	($1,420,715)

2007 Budget Expense

Program Expenses		2006 Budget

SEG Grants	$400,000	$400,000
Personal Grants	$100,000	$1,100,000
Special Projects	$37,000	$60,000
Education Loans 3% Refund	$38,000	$30,000
Financial Counseling Fees	$5,000	$5,000
Layette Program	$3,000	$3,000
Outreach Program	$10,000	$5,000
Loans Declared Uncollectible	$200,000	$200,000
Collection Agency Commission Expense	$7,000	$10,000
Loans Converted to Grants	$40,000	$1,500,000
Credit Reports	$1,500	$1,000
Printing - Program Exp	$18,000	$15,000
Other Program Expenses	$1,000	$1,000

Total	$860,000


Fundraising Expenses		2006 Budget

Printing - Fundraising Exp	$45,000	$45,000
Postage, Mail & Shipping Exp	$22,000	$15,000
Local Campaign Expenses	$2,000	$2,000
Credit Card Fees	$3,000	$1,500
State Solicitation Registration Fees	$9,000	$8,000
Other Fund Raising Expenses	$2,000	$500

Total	$83,000


Administrative Expenses		2006 Budget

Employee Salary	$512,000	$500,000
Employee Benefits	$82,000	$85,000
Payroll Taxes	$40,000	$40,000
Payroll Services	$2,500	$2,500
Accounting Services	$15,000	$15,000
Attorney Fees	$16,000	$5,000
Computer Software License Renewal	$15,000	$12,000
Computer Software Maintenance	$50,000	$36,000
Director's Insurance & Bonding	$2,000	$2,100
Property Insurance & Workman's Comp	$2,700	$2,900
Office Equipment Maintenance	$1,000	$500
Office Supplies	$3,500	$4,000
Postage, Mail & Shipping Exp	$1,000	$500
Printing - Admin Exp	$5,000	$10,000
Professional Development	$1,000	$2,000
Depreciation	$126,000	$85,000
Other Administrative Expenses	$3,300	$1,500

Total	$878,000

2007 Budget Income

Contributions		2006 Budget

Active Duty	$1,150,000	$1,050,000
Auxiliary	$40,000	$40,000
Civilian	$90,000	$70,000
Reserve	$26,000	$20,000
Retired	$340,000	$315,000
Bequest	$50,000	$0
Memorial	$0	$5,000
Katrina/CG Foundation	$0	$250,000
Miscellaneous/Royalties	$25,000	$100,000
Adjustments	$2,000	$0
Total	$1,723,000


Investment Income		2006 Budget

Interest-Checking	$40,000	$25,000
Dividends-Portfolio	$140,000	$100,000
Interest-Portfolio	$100,000	$100,000
Less Bank Fees	($16,000)	($10,000)
Less Portfolio Management Fees	($70,000)	($60,000)
Realized Gains/Losses	$90,000	$100,000
Total	$284,000


Other Income		2006 Budget

Collection Agency Cash	$15,000	$20,000
Grants Repayments	$0	$0
Other Income	$5,000	$0
Total	$20,000