Annual Budget & Stipends

Julia Pieper, Treasurer

Approved by a vote of the Board, 31 January, 2019



Ongoing Budgeting System


Distributed in January from prior year's income. 

  • 10% to Flamingo Fund (also funded by direct private donations).
  • 20% to build up bank account, Rainy Day Savings.
  • 30% for board member Stipends, as described below. 
  • 40% for ongoing Operating Expenses, to be budgeted for each year based on projected income. 

This system is intended to work for any year in the future, until the board sees a need to change this system. 




2019 Budget

The 2019 budget is listed alongside 2018 spending for comparative purposes. 


CY19 CY18
Resource    7,999.82    9,795.00



Uses
Savings    1,411.97    1,961.00
Flamingo Fund       705.99       980.00
Stipends - 2018 Hours    2,117.96    2,939.47
Operating Expenses    5,325.00    3,694.44
Total of CY19 Fund Uses    9,560.91    6,633.91
Balance   (1,561.09)    3,161.09
Use Savings    1,561.09           0.00
Net           0.00    3,161.09



Operating Expenses Detail     
Website    3,800.00    1,895.23
Faculty Summit       200.00           0.00
Annual Meeting       275.00       257.78
Campus Meetings       150.00         88.55
Membership Incentives       800.00    1,098.38
Visibility         50.00       304.50
Scholarship Fund Donation         50.00         50.00
Total Operating Expenses    5,325.00    3,694.44



Stipends

The NIA Board believes that professional and accountable work is necessary to maintain and increase the NIA’s positive momentum and to serve NOLS in the way that is needed today.  We believe that incentivizing and rewarding hours worked with even token financial support will serve NIA members and NOLS best to deliver this level of professionalism and accountability. The following stipend structure is intended to maximize fairness, transparency, and flexibility for various NIA Boards now and in the future.


Stipends to be calculated by the following method:


Every board member who desires a stipend will keep track of their hours over the year. For example, using www.Tsheets.com is an easy method. At the end of the year, the Treasurer will divide the figure set aside for stipends in the budget by the total number of hours reported to determine that year’s ‘hourly wage,’ and will distribute that wage to each board member who reported their hours.  


All board members are invited to report some or all of their hours, or to choose not to report hours if they prefer to work on an all-volunteer basis.  Any time spent on NIA business is reportable: computer time, running meetings, NIA events, working with the NOLS administration on behalf of the NIA, recruiting, travel time to a specific NIA event, etc.



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