Assignment

1077 words 5 pages

Land trusts, also known as conservancies, are not-for-profit organizations dedicated to protecting wildlife habitat and natural lands by acquiring ownership rights and transfer of development rights (conservation easements) either thru donation or purchase. This series of Term Projects follows a small land trust through the process of budgeting. Term Project I requires students to develop and analyze an annual line-item budget and translate that budget, and additional information, into a quarterly cash budget. Term Project II requires students to convert the line-item budget into a functional budget. Further information is employed by students to create a flexible budget. Actual numbers have been obscured while remaining true to the …show more content…

Expenses: Special events will increase by 20% due to an additional event and there will be a 10% increase in fundraising, newsletter, and postage expenses. The staff person has already been notified that he should not expect a raise. All other expenses, with the exception of payroll tax, which is proportional to wages, will increase by 4%.

Current Year Budget
Revenue: Timing:
Special Events $15,000. 1st qtr. 10%, 2nd quarter 50% and 3rd quarter 40%
Contributions $30,000. 1st qtr. 20%, 2nd qtr. 20%, 3rd qtr. 10%, 4th qtr. 50%
Grants $40,000. 4th quarter 100%
Endowment Income $5,000. Earnings on Endowment Fund: 25% each quarter
Interest Income $1,600 Interest on operating fund: (1% of previous qtr. ending bal.)
Total Revenue $91,600.
Expenses:
Travel $3,000. 1st quarter 10%, 2nd quarter 20%, 3rd quarter 50%, 4th quarter 20%
Special Events $15,000. 1st quarter 30%, 2nd quarter 60%, 3rd quarter 10%
Conferences $2,000. 3rd quarter
Fundraising $4,000. 1st quarter 20%, 2nd quarter 20%, 4th quarter 60%
Insurance $3,000. 1st quarter
Newsletter $4,000. 25% each quarter
Postage $2,400. 25% each quarter
Professional Fees $4,000. 1st quarter 40% and 20% each remaining quarters
Publicity $2,000. 25% each quarter
Salary $40,000. 25% each quarter
Supplies $1,200. 25% each quarter
Payroll Taxes $4,000. 10% of “Salaries and Wages” each quarter
Telephone $1,200. 25% each quarter
Total Expense

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