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DocuSign Envelope ID: E4F3CD63-A309-4179-BF53-F3F8F279F3E8
<br /> Agency Budget
<br /> Operating Budget for Entire Agency
<br /> AGENCY NAME: Community Empowerment Fund
<br /> Actual Estimated Projected Percent
<br /> AGENCY REVENUE 2018-2019 2019-2020 2020-2021 Change
<br /> Private Donations $ 167,535 $ 191,659 $ 218,325 14%
<br /> Agency Generated Revenue (fees) $ 55,753 $ 96,470 $ 137,120 42%
<br /> Local Government Grants:
<br /> Human Services-Town of Carrboro $ 3,000 $ 2,700 $ 3,000 11%
<br /> Other-Town of Carrboro $ - $ - $ - 0
<br /> Human Services-Town of Chapel Hill $ 8,000 $ 9,000 $ 10,000 11%
<br /> Other-Town of Chapel Hill $ - $ - $ - 0
<br /> Human Services-Orange County $ 15,625 $ 23,824 $ 24,000 1
<br /> Other-Orange County $ - $ - $ - 0
<br /> Other-Town of Hillsborough $ - $ - $ - 0
<br /> Other Government Grants
<br /> Triangle United Way $ - $ 25,000.00 $ 25,000.00 0.00%
<br /> State Government $ - $ - $ - 0
<br /> Federal Government(CDBG/HOME/etc.) $ - $ - $ - 0
<br /> Private Foundation Grants $ 329,195.00 $ 375,332.50 $340,581.88 -9.26%
<br /> Other Revenue $ 60,066 $ 47,791 $ 44,338 -7.23%
<br /> Total Agency Revenue $ 639,173 $ 771,775 $ 802,365 4%
<br /> AGENCY EXPENSES
<br /> Compensation $ 436,940 $ 546,939 $ 592,664 8%
<br /> Rent& Utilities $ 46,993 $ 57,132 $ 65,842 15%
<br /> Supplies & Equipment $ 13,518 $ 16,483 $ 18,562 13%
<br /> Travel &Training $ 2,932 $ 8,278 $ 12,100 46%
<br /> Other Expenses: $ 94,443 1 $ 96,336 1 $ 98,488 1 2%
<br /> Total Agency Expenses $ 594,826 $ 725,168 1 $ 787,656 9%
<br /> SURPLUS/(DEFICIT) FOR PERIOD: $ 44,347 $ 46,608 1 $ 14,709 -687/1
<br /> Note: CEF follows a fiscal year that ends on December 31. Since the figures above are based on a fiscal year ending
<br /> June 30, they result in larger surpluses than actually appear in our finances. In FY2019, CEF's surplus was$9,373. In
<br /> FY2020, we are currently projecting a surplus of$4,622. Based on anticipated operational changes, we are now
<br /> expecting to spend most of this surplus by December 2020.
<br /> FY 2018-19 Agency Budget
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