Community Center Budget
Community Center Budget
The purpose of this document is to provide a clear breakdown of projected income and expenses, allowing for transparent allocation of resources to support programs, maintenance, and growth within the community center. Please use this document to guide decision-making, ensure financial sustainability, and monitor the allocation of funds across various initiatives.
Budget Overview
|
Fiscal Year |
Projected Income |
Total Expenses |
Net Profit/Loss |
|---|---|---|---|
|
2050 |
$500,000 |
$450,000 |
$50,000 |
|
2051 |
$520,000 |
$460,000 |
$60,000 |
|
2052 |
$540,000 |
$470,000 |
$70,000 |
|
2053 |
$550,000 |
$490,000 |
$60,000 |
Income Breakdown
|
Source |
2050 |
2051 |
2052 |
2053 |
|---|---|---|---|---|
|
Government Grants |
$200,000 |
$210,000 |
$220,000 |
$230,000 |
|
Membership Fees |
$150,000 |
$160,000 |
$170,000 |
$180,000 |
|
Event Fees |
$80,000 |
$85,000 |
$90,000 |
$95,000 |
|
Donations |
$50,000 |
$55,000 |
$60,000 |
$60,000 |
|
Other Income (Fundraising) |
$20,000 |
$10,000 |
$10,000 |
$10,000 |
Expense Breakdown
|
Category |
2050 |
2051 |
2052 |
2053 |
|---|---|---|---|---|
|
Staff Salaries |
$150,000 |
$155,000 |
$160,000 |
$165,000 |
|
Facility Maintenance |
$50,000 |
$55,000 |
$60,000 |
$65,000 |
|
Program Development |
$100,000 |
$105,000 |
$110,000 |
$120,000 |
|
Utilities (Electricity, Water) |
$25,000 |
$30,000 |
$35,000 |
$40,000 |
|
Marketing and Promotion |
$10,000 |
$15,000 |
$20,000 |
$20,000 |
|
Capital Improvements (Repairs) |
$50,000 |
$45,000 |
$40,000 |
$45,000 |
|
Miscellaneous Expenses |
$15,000 |
$20,000 |
$25,000 |
$25,000 |
Summary of Key Budget Categories
-
Income Growth: We expect steady growth in income from both government grants and membership fees, with moderate increases in event fees and donations.
-
Staffing Costs: Staff salaries represent the largest share of expenses, reflecting our ongoing investment in skilled personnel to maintain and run high-quality programs.
-
Program Development: A significant portion of the budget will be dedicated to expanding and improving our program offerings, which is crucial to meeting the needs of the community.
-
Facility Maintenance & Capital Improvements: Regular maintenance and periodic capital improvements are essential to keeping the center running smoothly and safely.
