Friday, October 11, 2013

SFJ budget report

9 a.m. Friday
merilee gave a quick budget report. Financial situation has stabilized, at a lower level, after declines that track with newspaper decline.
SFJ has 3 streams of revenue:
• contest: up $5K this year, despite 50 fewer submissions, 750 entries; higher fees didn't discourage too many; costs down because of digital submissions. Meanwhile operating costs are stable: merilee's salary same, no rent, just phone and data charges, shipping and an hourly student worker. might need to buy a computer next year.
• conference: maybe up, she hasn't tallied yet, but silent auction almost doubled last year's donations, and is tentatively $5,500.
• membership, down, by about 1K from earlier decade. Actual number of members is up over 180, but they cycled memberships to be due end of year, so many fees for people who joined this year were prorated.


No comments:

Post a Comment