By Al Boyce, BJCP Finance Director
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2019 BUDGET |
DEC 19 |
TO DATE |
Surplus/ (Shortage) |
Pct of total |
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INCOME |
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A |
BJCP Examination Fees |
36592.50 |
8687.00 |
29709.00 |
(6883.50) |
81.19 |
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B |
BJCP Contest Certification Fees |
22980.00 |
5490.00 |
23955.00 |
975.00 |
104.24 |
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C |
BJCP Merchandise Receipts |
0.00 |
0.00 |
0.00 |
0.00 |
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D |
Interest (PayPal) |
0.00 |
0.00 |
0.00 |
0.00 |
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E |
Misc. Income |
170.10 |
-3877.84 |
75.68 |
(94.42) |
44.49 |
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F |
Returned Checks |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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G |
Savings Account |
763.43 |
208.98 |
820.76 |
57.33 |
107.51 |
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H |
WRS Reimbursement |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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I |
Siebel Flavor Kits |
9050.00 |
1950.00 |
7650.00 |
(1400.00) |
84.53 |
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J |
Online Exams |
35250.00 |
6210.00 |
29100.03 |
(6149.97) |
82.55 |
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K |
Grader Incentive Program – AHA |
2430.00 |
0.00 |
2275.00 |
(155.00) |
93.62 |
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L |
BJCP – AHA Reception |
3368.00 |
0.00 |
0.00 |
(3368.00) |
0.00 |
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Total |
110604.03 |
18668.14 |
93585.47 |
(17018.56) |
84.61 |
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EXPENSES |
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1 |
AHA SCP Fees |
0.00 |
0.00 |
0.00 |
0.00 |
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2 |
BJCP Grants |
1000.00 |
0.00 |
500.00 |
500.00 |
50.00 |
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3 |
Continuing Education Program |
5500.00 |
605.38 |
1163.53 |
4336.47 |
21.16 |
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4 |
Legal Fees |
0.00 |
0.00 |
0.00 |
0.00 |
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5 |
Merchandise |
11000.00 |
2043.75 |
11466.55 |
(466.55) |
104.24 |
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6 |
Miscellaneous |
2454.03 |
-1413.06 |
5.00 |
2449.03 |
0.20 |
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7 |
Office Supplies |
1000.00 |
0.00 |
216.17 |
783.83 |
21.62 |
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8 |
PayPal Fees |
3000.00 |
622.84 |
2432.24 |
567.76 |
81.07 |
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9 |
PO Box Rental & Forwarding |
650.00 |
0.00 |
347.78 |
302.22 |
53.50 |
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10 |
Postage |
2200.00 |
1577.89 |
3266.86 |
(1066.86) |
148.49 |
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11 |
Printing |
0.00 |
0.00 |
0.00 |
0.00 |
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12 |
Recognition |
4000.00 |
0.00 |
7280.00 |
(3280.00) |
182.00 |
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13 |
Exam Program |
4000.00 |
1502.82 |
3268.07 |
731.93 |
81.70 |
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14 |
Shipping: Merchandise |
0.00 |
0.00 |
0.00 |
0.00 |
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15 |
Surety Bond |
800.00 |
0.00 |
0.00 |
800.00 |
0.00 |
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16 |
Telephone |
0.00 |
0.00 |
0.00 |
0.00 |
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17 |
Website & Domain Renewal |
2500.00 |
3274.34 |
3274.34 |
(774.34) |
130.97 |
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18 |
Savings Account |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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19 |
Siebel Flavor Kits |
14500.00 |
2651.50 |
10411.25 |
4088.75 |
71.80 |
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20 |
Online Exam Fees |
6500.00 |
903.14 |
5680.47 |
819.53 |
87.39 |
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21 |
Proctor Travel Expenses |
18000.00 |
1742.49 |
6373.99 |
11626.01 |
35.41 |
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22 |
Rep Travel Expenses |
7000.00 |
1439.49 |
2239.49 |
4760.51 |
31.99 |
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23 |
NHC Staff Travel Expenses |
6000.00 |
0.00 |
5999.90 |
0.10 |
100.00 |
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24 |
AHA-BJCP Reception |
7000.00 |
877.54 |
2478.85 |
4521.15 |
35.41 |
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25 |
Admin/Grader Reimbursement |
9000.00 |
150.00 |
8650.00 |
350.00 |
96.11 |
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26 |
Exam Translation |
4500.00 |
3167.50 |
4207.49 |
292.51 |
93.50 |
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Total |
110604.03 |
19145.62 |
79261.98 |
31342.05 |
71.66 |
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DEC 19 |
TO DATE |
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Prior Balance |
212420.42 |
227221.39 |
212420.42 |
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Income |
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18668.14 |
93585.47 |
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Expenses |
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19145.62 |
79261.98 |
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Current Balance |
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226743.91 |
226743.91 |
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Checks Outstanding |
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0.00 |
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Account Balance Showing |
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226743.91 |
226743.91 |
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Receivables Outstanding |
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0.00 |
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Annual Net Gain / (Loss) |
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14323.49 |
14323.49 |
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Al Boyce, BJCP Finance Director, 12/31/2019 |
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INCOME
Overall, $93,585.47 of $110,604.03 budgeted. 84.61% of the estimate.
($17,018.56 less taken in than expected.)
- Exam Fees. 29,709.00 of $36,592.50 budgeted. 81.19% of estimate. We had one exam outstanding UNPAID for 2019. This is the second year in a row we have seen a decline in exam fees over the previous year. 43.2% of registered exams are non-US now. 45.5% of 2020 scheduled exams are non-US.
- Contest Certification fees. Brought in $23,955.00 of $22,980.00 budget – 104.24% of estimate. 35.9% of competitions are non-US now.
- Merchandise receipts. Brought in 0, budgeted 0. We used to sell replacement pins.
- PayPal Interest. PayPal hasn’t paid interest for a few years.
- Misc Income. $75.68 of $170.10 budgeted. 44.49% of estimate. This is from payments from the AHA for Web Banner advertising on our site for AHA members.
- Returned Checks. This hasn’t occurred in 2019.
- Savings Account. $820.76 of $763.43 budgeted. 107.51% of estimate. Interest from our Money Market interest savings account.
- WRS Reimbursement. Received 0.
- Siebel Flavor kits. $7,650.00 of $90.50 budgeted. 84.53% of estimate.
- Online exams. $29,100.03 of $32,250.00 budgeted. 82.55% of estimate.
- Grader Incentive Program. $2,275.00 of $2,430.00 budgeted. 93.62 of estimate. This is the AHA’s contribution to this program.
- BJCP/AHA Reception at Homebrew Con. Event was cancelled. $0 of $3,368.00 budgeted.
EXPENSES
Overall, $97,261.98. We spent 71.6% of our budget, 84.69% of actual income.
- AHA/SCP Fee. $0. The AHA doesn’t charge us for this any longer.
- BJCP Grants $500.00 of $,1000 budgeted.
- Continuing Education. Spent $1,163.53 of $5500.00 budgeted. 21.16% of estimate.
- Legal Fees. Spent 0, 0 budgeted.
- Merchandise. Spent $11,466.55 of $11,000 budgeted. 104.24% of estimate. This is for Name Badges. This is 14.24% of our total BJCP budget.
- Miscellaneous. Spent $5.00 of $2,454.03 budgeted. 0.2% of estimate. This was “Digital Ocean” – registration fee for new ISP.
- Office Supplies. Spent $216.17 of $3000 budgeted. 21.62% of estimate. Primarily envelopes for sending pins, etc.
- PayPal Fees. Spent $2,432.24 of $2800 budgeted. 81.07% of estimate.
- PO Box rental and mail forwarding. $347.78 of $650 budgeted. 53.5% of estimate.
- Postage. Spent $3,266.86 of $2,200.00 budgeted. $148.49% of estimate.
- Printing. Spent 0, 0 budgeted. “DropBox” distribution of exams and online distribution of certificates have mostly eliminated this category.
- Recognition. Spent $7,280.00 of $4,000 budgeted. 182% of estimate. Purchase of Recognized and Certified pins in June.
- Exam Program. Spent $3,268.07 of $4000 budgeted. 81.7% of estimate.
- Shipping – merchandise. Spent 0, budgeted 0. Shipping for name badges and Siebel Kits are combined in their own categories.
- Surety Bond. Spent 0, budgeted $800. We paid for three years at a time when we last paid this.
- Telephone. Spent 0, budgeted 0.
- Website and Domain renewal. Spent $3,274.34 of $2,500.00 budgeted. 130.97% of estimate.
- Savings Account. Spent 0, budgeted 0.
- Siebel Flavor Kits. Spent $10,411.25 of budget of $14,500.00. 71.8% of estimate.
- Online Exam Fees. Spent $5,680.47 of $6500.00 budgeted. 87.39% of estimate.
- Proctor Travel Expenses. Spent $6,373.99 of $18,000 budgeted. 35.41% of estimate.
- Rep Travel Expenses. Spent $2,239.49 of original budget of $7,000.00. 31.99% of original estimate.
- NHC Staff Travel Expenses. Spent $5,999.90 of $6000 budgeted. 100% of estimate.
- AHA/BJCP Judge Reception. Spent $2,478.85 of $7000 budgeted. 35.41% of estimate. The actual reception didn’t happen. This amount went to the Officer dinner and the BJCP Staff reception.
- Admin/Grader Reimbursement. Spent $8,650.00 of $9,000.00 budgeted. 96.11% of estimate.
- Exam Translations. Spent $4,207.49 of $4,500.00 budgeted. 93.5% of estimate.
Only these four items were over budget:
- Merchandise (Name Badges) 104.2% – Badge prices and shipping prices increased in 2019.
- Postage – 148.5% – Same thing. Shipping increased in 2019, as did the number of international badge orders with high shipping rates.
- Recognition – 182% – Periodic order of certified and recognized pins.
- Website and Domain Renewal – 131%. Continued web migration and improvements.
SAVINGS
We have $207,777.09 in our Capital One money market savings account. It started the year at $196,956.33.