2008 Budget

ECAR 2008 Budget

 

 

 2007 Budget

6 months ending 6/30/07

 2008 Budget

Comment

 

Income

 

 

 

 

1

NAR Dues

 $     69,120.00

 $     58,816.00

 $     80,000.00

1250, $16 increase to $80

2

NAR Assessment

 $     29,500.00

 $     30,180.00

 $     32,400.00

 

3

NAR Dues – New Members

 $       3,200.00

 $       7,237.34

 $      4,000.00

100

4

CAR Dues

 $   140,400.00

 $   129,605.00

 $   130,000.00

 

5

CAR Assessment

 $       3,540.00

 $       5,080.00

 $      5,400.00

 

6

CAR Dues – New Members

 $       6,500.00

 $     16,146.67

 $      6,500.00

 

7

CAR Dues – Affiliates

 $     10,010.00

 $       9,263.33

 $      8,970.00

 

8

ECAR Dues

 $   255,420.00

 $   286,915.42

 $   263,375.00

NO INCREASE

9

ECAR Dues – New Members

 $     10,750.00

 $     25,638.76

 $     10,750.00

 

10

ECAR Affiliate Dues

 $     14,735.00

 $     12,950.00

 $     12,075.00

80 + 10 new

11

Gates Scholarship Fund

 $       5,000.00

 $       5,640.00

 $      5,000.00

 

12

Initiation – Agents

 $     10,000.00

 $     26,100.00

 $     20,000.00

100

13

Initiation – Agencies

 $       2,500.00

 $       2,750.00

 $      2,500.00

10

14

CID Administration

 $     10,000.00

  $        5,000.00

 $     10,000.00

Annual fee paid quarterly

15

Membership Meetings

 $     32,925.00

 $     32,420.60

 $     32,925.00

90 x 9 meetings x $20 + 125 x 1 meetings X $35, $3,000 for install sponsors, $9,000 of regular sponsors

16

Interest

 $     57,000.00

 $     33,186.07

 $     32,000.00

interest from all accts, reduced by purchase of land and and construction of new building

17

Fines

 $       8,000.00

 $       9,700.00

 $      9,000.00

late dues & Pro Stds

18

Miscellaneous

 $          500.00

 $       1,089.69

 $         500.00

 

19

Education/Seminars

 $     80,000.00

 $     20,616.66

 $   101,000.00

based on 2006 (ce year)

20

Prelicense School

 $     29,400.00

 $     28,867.82

 $     22,050.00

15 students, 3 classes/yr. (reduced from 20 students)

21

Website Income

 $       8,000.00

 $       1,438.54

 $                –  

moved to ECRIS budget

 

 

 

 

 

 

22

Subtotal Income

 $   786,500.00

 $   748,641.90

 $   788,445.00

 

23

Shared Cost Income

 $   137,022.34

 $     68,511.18

 $   154,765.97

reduced from 35% to 30%

24

Total Income

 $   923,522.34

 $   817,153.08

 $   943,210.97

 

 

Shared Costs

 

 

 

 

25

Salaries, Benefits & Training

 $   369,508.01

 $   156,335.43

 $   334,928.21

Communication/Marketing position deleted

26

Shared Govt. Affairs Director

 $     19,500.00

 $       9,300.00

 $     16,800.00

 

27

Accounting

 $     10,900.00

 $       4,733.72

 $      5,400.00

Legge, Monroe (routine – $2,250) & Paychex ($260/mo). No Audit in 08- $5,500)

28

Equipment Lease/Maint/Support

 $     29,209.36

 $     12,613.34

 $     29,609.36

Postage Machine,  computer service, AMME support,network copier, risograph

29

Postage & Delivery

 $     15,000.00

 $       7,473.80

 $     16,000.00

6% rate increase in 5/07

30

Subscriptions & Dues

 $       3,200.00

 $       1,385.87

 $      3,200.00

Newspaper, Chambers, ASAE, Rotary, Credit Bureau, Monkey Survey

31

Tech Hotline

 $       5,050.00

 $       6,050.00

 $      7,000.00

 

32

Supplies

 $     13,300.00

 $       6,030.43

 $     13,300.00

based on 2006

33

Telephone

 $       5,500.00

 $       2,840.95

 $      5,500.00

SNET ($528/yr for VM) and Yellow Pages

34

Insurance- WC

 $       1,157.00

 $         347.22

 $      1,157.00

current rate

35

Service Charges

 $       3,700.00

 $       2,409.70

 $      9,000.00

stop payments, Chelsea Groton, AG Edwards, NAR Ecommerce, credit card fees

36

Rent

 $     26,040.00

 $     13,700.04

 $     27,342.00

lease renews 10/1/07 – 5% increase

37

Insurance- Liability, bond,& contents

 $       1,700.00

 $       1,234.64

 $      1,700.00

1,394+221 (Laurel Realty=2006)

38

Property Taxes

 $       2,600.00

 $       1,531.71

 $      2,600.00

PP $866 + RE $1465 plus 7%

39

Maintenance

 $       4,450.00

 $       2,176.71

 $      4,450.00

cleaning ($2500), waste ($850), security system ($500) +$600 repairs

40

Electricity

 $       5,500.00

 $       3,395.12

 $      5,500.00

 

41

Conventions & Travel

 $     26,870.00

 $     16,249.56

 $     29,400.00

 

42

Depreciation

 $       4,905.00

 $       2,452.50

 $      3,000.00

estimate

43

SHARED COST TOTAL

 $   548,089.37

 $   250,260.74

 $   515,886.57

 

 

ECAR General & Administrative

 

 

 

 

44

NAR Dues

 $     69,120.00

 $     57,600.00

 $     80,000.00

 

45

NAR Assessment Expense

 $     29,500.00

 $     28,610.00

 $     32,400.00

 

46

NAR Dues – New Members

 $       3,200.00

 $       6,288.06

 $      4,000.00

 

47

CAR Dues

 $   140,400.00

 $   126,840.00

 $   130,000.00

 

48

CAR Assessment

 $       6,500.00

 $       8,730.00

 $      6,500.00

 

49

CAR Dues – New Members

 $       6,500.00

 $     14,093.28

 $      6,500.00

 

50

CAR Dues – Affiliates

 $     10,010.00

 $       8,703.33

 $      8,970.00

 

51

Gates Scholarship Fund

 $       6,000.00

 $       6,650.00

 $      6,000.00

$1,000 donation to Gates by ECAR

52

CID Dues

 $          900.00

 $                –  

 $         900.00

 

53

Education – Room Rentals

 $     15,000.00

 $       9,625.47

 $     25,000.00

based on 2006

54

Education – Instructors

 $     30,000.00

 $     17,518.27

 $     32,000.00

based on 2006

55

Prelicense School

 $     26,700.00

 $     18,515.65

 $     20,250.00

20 students, 3 classes/yr.

56

Membership Meetings

 $     32,925.00

 $     25,904.78

 $     32,925.00

 

57

REALTOR® of the Year

 $          300.00

 $         198.62

 $         300.00

 

58

Hospitality

 $       1,000.00

 $         442.00

 $      1,000.00

 

59

Legal

 $       2,000.00

 $                –  

 $      2,000.00

 

60

Miscellaneous

 $       2,000.00

 $                –  

 $         500.00

 

61

Leadership Training

 $       2,000.00

 $       1,300.64

 $      2,000.00

 

62

Website Expense

 $       2,400.00

 $       8,745.00

 $                –  

moved to ECRIS budget

63

Committee Expense

 

 

 

 

64

     Affiliate Committee

 $          100.00

 $      (2,150.00)

 $         100.00

 

65

     Community Relations

 $       1,000.00

 $                –  

 $      1,000.00

 

66

     Education

 $          100.00

 $                –  

 $         100.00

 

67

     Facilities Planning Task  

        Force

 $       2,000.00

 $                –  

 $         100.00

 

68

     Finance

 $          300.00

 $                –  

 $         100.00

 

69

     Forms

 $                –  

 $                –  

 $         100.00

see ECRIS budget

70

     Grievance

 $          250.00

 $                –  

 $         250.00

 

71

     Housing Opportunity

 $          100.00

 $                –  

 $         500.00

 

72

     International

 $       3,300.00

 $                –  

 $      5,950.00

plus travel to NAR midyear & annual conference

73

     Member Services

 $     14,200.00

 $       9,008.43

 $     20,000.00

 

74

     Nominating

 $          100.00

 $                –  

 $         100.00

 

75

     Political Action

 $       2,000.00

 $         743.39

 $      5,000.00

 

76

     Professional Standards

 $       1,000.00

 $       2,074.64

 $      1,000.00

 

77

     Strategic Planning

 $       4,200.00

 $         300.00

 $      4,200.00

 

78

     Technology & MLS

 $          100.00

 $                –  

 $         100.00

 

79

Total ECAR Gen & Admin

 $   415,205.00

 $   349,741.56

 $   429,845.00

 

80

TOTAL EXPENSE

 $   963,294.37

 $   600,002.30

 $   945,731.57

 

81

Profit (Loss)

 $    (39,772.03)

 $   217,150.78

 $     (2,520.60)

 

82

Capital Expenditures

 $       5,300.00

 $   780,300.00

 

82

CASH FLOW

 $    (40,167.03)

 $   219,603.28

 $  (779,820.60)

 

 

 =  Profit + Depreciation – Capital

 

 

 

 

ECAR Charitable & Education Fund 2008 Budget

 

 2007 Budget

6 months ending 6/30/07

 2008 Budget

 

 

Income

 

 

 

 

1

Donations

 $     1,000.00

 $               –  

 $    1,000.00

from ECAR

2

Fundraising – Golf Tournament

 $    18,000.00

 $     6,950.00

 $   18,000.00

 

3

Fundraising – Community Benefit

 $    17,000.00

 $        619.95

 $   17,000.00

 

4

Interest

 $          50.00

 $          14.64

 $         50.00

 

5

Miscellaneous

 

 

 

 

6

Total Income

 $    36,050.00

 $     7,584.59

 $   36,050.00

 

 

 

 

 

 

 

Expenses

 

 

 

 

7

Fundraising Distributions – Golf Tournament

 $     9,000.00

 

 $   10,000.00

 

8

Fundraising Distributions – Community Benefit

 $    11,700.00

 

 $   13,000.00

 

9

Fundraising Expense – Golf Tournament

 $     8,000.00

 

 $    8,000.00

 

10

Fundraising Expense – Community Benefit

 $     4,000.00

 $        600.00

 $    4,000.00

 

11

Miscellaneous Donations

 $               –  

 $        250.00

 $              –  

 

12

Miscellaneous Expense

 $               –  

 

 $              –  

 

13

Administrative Expenses

 $               –  

 

 $              –  

 

14

Accounting

 $        750.00

 $     1,215.00

 $       750.00

 

15

Total Expenses

 $    33,450.00

 $     2,065.00

 $   35,750.00

 

 

 

 

 

16

Profit (Loss)

 $     2,600.00

 $     5,519.59

 $       300.00

 

 


 

ECRIS 2008 Budget

 

 

 2007 Budget

6 months ending 6/30/07

 2008 Budget

 Comment

 

Income

 

 

 

 

1

Service Center fees

 $    72,000.00

 $       35,755.00

 $     81,000.00

$5 x 1,350 x 12 months

2

Product Sales

 $      2,700.00

 $         1,500.95

 $       2,700.00

maps, lead pamphlets

3

Foreign Listing Input (RI)

 $      3,000.00

 $                     –  

 $          700.00

 

4

Lockbox System

 $  137,880.00

 $     101,664.04

 $   137,304.00

DisplayKey,eKey & activation fee

5

Home Review

 $  198,900.00

 $       88,048.01

 $   198,900.00

 

6

Interest

 $      6,000.00

 $         6,948.37

 $     12,000.00

 

7

Sale of Forms

 $    56,362.50

 $         1,369.30

 $     12,525.00

forms @ $0.25/page (based on usage from 4/1 to 6/30)

8

Web Site Income

 

 $         1,438.54

 $       8,000.00

moved to ECRIS from ECAR

9

Miscellaneous

 $        500.00

 $         1,408.55

 $          500.00

 

10

Total Income

 $  477,342.50

 $     238,132.76

 $   453,629.00

 

 

 

 

 

 

 

 

Selling Expenses

 

 

 

 

11

Web Site Expense

 $     7,800.00

 $         8,745.00

 $     11,300.00

1 T-1 @$525/mo + $5,000 for server monitoring & updating by Gillespie Mgmt.

12

Product Sales

 $     2,700.00

 $            689.00

 $       2,700.00

 

13

Lockbox System Expense

 $  102,600.00

 $       80,695.53

 $   102,600.00

$9 x 950 x 12

14

Total Selling Expenses

 $  113,100.00

 $       90,129.53

 $   116,600.00

 

 

 

 

 

 

 

 

Home Review Expenses

 

 

 

 

15

Salaries

 $    49,011.99

 $       23,673.69

 $     51,355.89

 

16

Printing

 $  114,400.00

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