2021-04-21 OMA Agenda - Board of Trustees

Obesity Medicine Association Profit & Loss Budget Performance February 2021

Foot note Jan - Feb 21 YTD Budget $ Over Budget

Foot note Annual Budget

Feb 21

Budget

$ Over Budget

5601 · Accounting/Audit

2,399.20

6,667.00

(4,267.80)

35

5,742.95

13,330.00

(7,587.05)

88

80,000.00

5609 · Advocacy

5,000.00

5,000.00

-

10,000.00

10,000.00

-

60,000.00

5610 · IT Support

1,199.20

2,083.00

(883.80)

2,398.40

4,170.00

(1,771.60)

89

25,000.00

5602 · Legal

4,366.25

10,000.00

(5,633.75)

36

4,366.25

20,000.00

(15,633.75)

90

120,000.00

5603 · Investment Acct. Services

157.54

2,500.00

(2,342.46)

37

7,455.34

5,000.00

2,455.34

91

30,000.00

5604 · Public Relations & Agency

5,000.00

5,000.00

-

10,000.00

10,000.00

-

60,000.00

5605 · Education Consultant

10,000.00

11,250.00

(1,250.00)

38 20,000.00

22,500.00

(2,500.00)

92

135,000.00

5607 · Contract Labor

-

167.00

(167.00)

-

330.00

(330.00)

2,000.00

5611 · Web Development & Maint

86.99

1,667.00

(1,580.01)

39

2,136.99

3,330.00

(1,193.01)

93

20,000.00

5612 · Web Hosting

79.50

229.00

(149.50)

79.50

460.00

(380.50)

2,750.00

5613 · Marketing Vendors

5,000.00

5,500.00

(500.00)

10,000.00

11,000.00

(1,000.00)

94

66,000.00

Total 5600 · Professional Services

33,288.68

50,063.00

(16,774.32)

72,179.43

100,120.00

(27,940.57)

600,750.00

5700 · Office Expenses

5701 · Rent

5,999.00

6,000.00

(1.00)

11,967.80

12,000.00

(32.20)

72,000.00

5109 · Database

-

5,000.00

(5,000.00)

40

1,700.00

10,000.00

(8,300.00)

95

60,000.00

5702 · Supplies

440.41

250.00

190.41

837.17

500.00

337.17

3,000.00

5703 · Telephone & Internet

459.09

483.00

(23.91)

918.18

970.00

(51.82)

5,800.00

5704 · Office Equipment

-

-

-

173.07

-

173.07

-

5705 · Equipment Rental

-

56.50

(56.50)

-

113.00

(113.00)

678.00

5706 · Printing

323.41

21.00

302.41

458.37

40.00

418.37

250.00

5707 · Postage/Shipping

100.67

8.00

92.67

221.44

20.00

201.44

100.00

5708 · Insurance

2,781.00

1,500.00

1,281.00

41

7,840.50

3,000.00

4,840.50

96

18,000.00

5710 · Bank Charges

5,319.90

6,667.00

(1,347.10)

42 11,447.27

13,330.00

(1,882.73)

97

80,000.00

5715 · Software License

1,765.48

971.00

794.48

6,942.69

1,944.00

4,998.69

98

11,654.00

5711 · Misc.

66.00

42.00

24.00

66.00

80.00

(14.00)

500.00

5713 · Depreciation

638.82

833.00

(194.18)

1,277.64

1,670.00

(392.36)

10,000.00

Total 5700 · Office Expenses

17,893.78

21,831.50

(3,937.72)

43,850.13

43,667.00

183.13

261,982.00

5750 · Journal - JOMA

-

833.00

(833.00)

-

1,670.00

(1,670.00)

99

10,000.00

5900 · Fundamentals Expenses

5901 · FUN - Marketing

286.94

-

286.94

286.94

3,000.00

(2,713.06) 100

10,000.00

5904 · FUN - Faculty Honorarium

4,500.00

-

4,500.00

43

4,500.00

-

4,500.00

101

14,000.00

5912 · FUN - AV

-

290.00

(290.00)

1,104.45

290.00

814.45

3,670.00

Total 5900 · Fundamentals Expenses

4,786.94

290.00

4,496.94

5,891.39

3,290.00

2,601.39

27,670.00

5940 · New Projects/Innovation

5941 · Marketing

-

-

-

-

5,000.00

(5,000.00) 102

5,000.00

5943 · Staff Travel

-

250.00

(250.00)

-

500.00

(500.00)

3,000.00

5944 · Faculty Honora & Travel

-

333.00

(333.00)

-

670.00

(670.00)

4,000.00

Total 5940 · Development/Innovation

-

583.00

(583.00)

-

6,170.00

(6,170.00)

12,000.00

Total Expense

196,055.91

254,088.50

(58,032.59)

445,143.90

546,672.00

(101,528.10)

3,776,212.00

Net Ordinary Income

68,388.14

(14,805.50)

83,193.64

190,787.88

(124,047.00)

314,834.88

(68,759.00)

Other Income/Expense

10000 · Investment Income

4701 · Interest Income

6,194.38

-

6,194.38

44 15,319.90

-

15,319.90

103

-

4706 · Unrealized Gains/Losses

35,147.55

-

35,147.55

45 23,873.91

-

23,873.91

104

-

Total 10000 · Investment Income

41,341.93

- -

41,341.93

39,193.81

- -

39,193.81

- -

,

.

,

.

,

.

,

.

9006 · IT Infrastructure Project

9007 · IT Infrastructure Expense

-

-

-

48,928.44

39,050.00

9,878.44

105

39,050.00

Total 9006 · IT Infrastructure Project

-

-

-

48,928.44

39,050.00

9,878.44

39,050.00

Net Other Income

41,341.93

-

41,341.93

(9,734.63)

(39,050.00)

29,315.37

(39,050.00)

Net Income

109,730.07 $

(14,805.50) $

$

124,535.57

181,053.25 $

(163,097.00) $

344,150.25 $

(107,809.00) $

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