2011 Planning Budget

This May divers from Lycott, Inc., will conduct a detailed survey of the lake, looking for milfoil.  Depending on what they find, we will develop an appropriate response.  The budget below includes an assumption, that there will be milfoil present, and that we will spend $25,000 on eliminating it.  We hope that the situation will be much better, and plan for it being worse.

Even so we need a plan, however rough.  This budget is presented as a work-in-progress.  It shows our expected expenses and known income sources.  The difference is how much we need to raise in other donations to have a balanced budget.  We will update it when we have additional information.

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2011 Draft Budgets   4/13/11
EXPENSES
Personnel Salaries
2-3 greeters, 10hrs/day, total of 70 hours per
week for 17 weeks  (5/21-9/18)
@ $12/hour 14,280.00
Fringe Benefits
Social Security 885.36
Medicare 207.06
VT UC = Ave. $4,760/greeter x 3 x .084 1,199.52
Fed Form 940 unemployment 300.00
Workers Comp Ins 1,116.00
Total Employee costs 17,987.94
Contractual ( Lycott Environmental)
May survey 4,000.00
Hand pulling and/or bottom barriers 25,000.00
Fall survey & report to State of VT 4,000.00
Due Lycott for herbicide treatmt 2010 19,700.00
Total Contractual ( Lycott Environmental) 52,700.00
Other Contractual
Accounting  ( Rick Barrows) 500.00
Bookkeeping (Ridge ) 1,000.00 1,500.00
Insurance
Liability 310.00
Office
Regular postage 60.00
Paper, printing ink, etc. 50.00
Post Office Box 50.00
Internet domain 10.00 170.00
Fund Raising
Printing/Copying 200.00
Postage 250.00
Donor gathering/presentation 100.00
Annual dinner  (net) 200.00 750.00
Miscellaneous 100.00
TOTAL EXPENSES 2011 73,517.94
INCOME
Donations ? ? ?
Dues  $25 x 60 1,500.00
Interest 40.00
Merchandise 300.00
Town of Fairlee 5,000.00
Town of Theford 5,000.00
Town of West Fairlee 2,000.00
State of Vermont 0.00
INCOME NET OF DONATIONS 13,840.00
DONATIONS NEEDED 59,677.94

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Notes:

  • All of these numbers are estimates or best guesses.
  • We will not receive any income from the State of Vermont this year.  See this earlier post for an explanation.
  • We owed Lycott $134,700 for the herbicide treatment last year.  We paid $100,000 in 2010 and $15,000 earlier this winter.  $19,000 represents the balance due.
  • We are obligated by the conditions of our State permit to perform another detailed scientific survey in the fall, which is budgeted at $4000.

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