BESB: Budget Summary 2011

BESB Business Enterprises Program Budget Summary

 

 

FY 2011

 

For the Business Enterprises Program, in fiscal year 2011, the total

gross program income from all sources was $2,060,644. Of that amount,

the gross Coca-Cola income was $1,313,522. Carry over funding from

the prior fiscal year was $989,814, making $3,050,458 available during FY

11. Total expenses in the Program for FY 11 were $2,470,908. The fiscal

year end balance was $579,550.  This reflects an overall decrease of

$410,264 from the prior fiscal year.

 

 Major expenses in FY 11 were as follows:

 

1. Program Trainers and Administrative/Support Staff: $1,509,948

 

2. Purchases for existing locations: $35,274*

 

3. Purchases and build outs for new locations: $0*

 

4. Client placements from BESB Industries: $61,796

 

5. Commissions and permits for BEP Operators: $118,414*

 

6. Maintenance services for BEP locations: $73,437*

 

7. Initial Inventory and Stock for BEP Operators: $0*

 

8. Health Insurance and Retirement for BEP Operators: $364,905*

 

9. Shared commissions with agencies/colleges: $84,646

 

10. Training stipends for BEP trainees:  $9,248

 

11. Temporary facility coverage services: $0

 

12. Utility Costs for BEP locations: $45,584*

 

13. Storage Rentals for BEP locations: $840*

 

14. Incentive Plan for BEP Managers: $89,098*

 

15. Miscellaneous Expenses: $77,718

 

In total, $727,552 (cumulative total of categories with asterisks in the above analysis), or 35.3% of the overall program income in 2011 (55.3% of the Coca-Cola revenues) was spent on Business Enterprise Program ventures at new and/or existing locations, for facility improvements, maintenance, expansion, and for the betterment of income and incentives to operators in the program.

 

Note: A correction to FY 10 income, resulted in a $60 increase in the FY 10 carryover.





Content Last Modified on 9/13/2011 9:38:41 AM