|
Coast Guard
Mutual Assistance |
|
Income |
|||||||||||||
|
2008 |
Percent |
Change from Prior Year |
2007 Budget |
2007 Actual/Estimate |
Estimated Over/Under |
|
|||||||
|
Contributions |
$1,897,000 |
79.31% |
10.10% | $1,723,000 | $1,936,992 | $213,992 | |||||||
|
Investment Income |
$450,000 |
18.81% |
58.45% | $294,000 | $505,637 | $221,637 | |||||||
|
Other Income |
$45,000 |
1.88% |
125.00% | $20,000 | $41,826 | $21,826 | |||||||
|
Total |
$2,392,000 |
100.00% |
18.91%
|
$2,027,000
|
$2,484,455
|
$457,455
|
|||||||
|
Expenses |
|||||||||||||
|
2008 |
Percent |
Change from Prior Year |
2007 Budget |
2007 Actual/Estimate |
Estimated Over/Under |
|
|||||||
|
Program Expenses |
$770,000 | 44.03% | -10.47% | $860,000 | $677,317 | ($182,683) | |||||||
|
Fundraising Expenses |
$95,000 | 5.43% | 14.46% | $83,000 | $79,949 | ($3,051) | |||||||
|
Administrative Expenses |
$884,000 | 50.54% | 0.68% | $878,000 | $659,536 | ($218,464) | |||||||
|
Total Expenses |
$1,749,000
|
100.0%
|
-3.95%
|
$1,821,000
|
$1,416,802
|
($404,198)
|
|||||||
|
Summary |
|||||||||||||
|
|
|
||||||||||||
|
2008 |
2007 |
|
2007 |
||||||||||
|
Income: |
$2,392,000 |
$2,027,000 | $2,484,455 | ||||||||||
| Expenses | ($1,749,000) | ($1,821,000) | ($1,416,802) | ||||||||||
| Surplus/(Shortage) |
$643,000
|
($206,000)
|
$1,067,653
|
||||||||||
|
2008 Income |
|||
| Contributions |
2007 |
||
|
Active Duty |
$1,250,000 | $1,150,000 | |
|
Auxiliary |
$45,000 | $40,000 | |
|
Civilian |
$100,000 | $90,000 | |
|
Reserve |
$20,000 | $26,000 | |
|
Retired |
$380,000 | $340,000 | |
|
Bequest |
$0 | $50,000 | |
|
Memorial |
$0 | $0 | |
|
Special |
$0 | $0 | |
|
Miscellaneous/Royalties |
$100,000 | $25,000 | |
|
Adjustments |
$2,000
|
$2,000 | |
| Total |
$1,897,000
|
||
|
|
|
||
| Investment Income |
2007 |
||
|
Interest-Checking |
$45,000 | $40,000 | |
|
Dividends-Portfolio |
$105,000 | $140,000 | |
|
Interest-Portfolio |
$200,000 | $100,000 | |
| Less Bank Fees | ($20,000) | ($16,000) | |
| Less Portfolio Management Fees | ($80,000) | ($70,000) | |
| Realized Gains/Losses |
$200,000
|
$90,000 | |
| Total |
$450,000
|
||
|
|
|||
|
Other Income |
2007 |
||
| Collection Agency Cash |
$30,000 |
$15,000 |
|
|
Grants Repayments |
$0 |
$0 |
|
| Other Income |
$15,000 |
$5,000 |
|
| Total |
$45,000
|
||
|
|
|
||
|
2008 Expense |
|||
|
Program Expenses |
2007 |
||
| SEG Grants | $400,000 | $400,000 | |
| Personal Grants | $50,000 | $100,000 | |
| Special Projects | $48,000 | $37,000 | |
| Education Loans 3% Refund | $30,000 | $38,000 | |
| Financial Counseling Fees | $5,000 | $5,000 | |
| Layette Program | $3,000 | $3,000 | |
| Outreach Program | $10,000 | $10,000 | |
| Loans Declared Uncollectible | $150,000 | $200,000 | |
| Collection Agency Commission Expense | $15,000 | $7,000 | |
| Loans Converted to Grants | $40,000 | $40,000 | |
| Credit Reports | $3,000 | $1,500 | |
| Printing - Program Exp | $15,000 | ||