New

London Community Center

Proforma Budget
July 1, 2014 - June 30, 2015
Year 1
1
July
Sources of Operating Income
Occupancy Income
Operating Grants & Gifts
United Way Grant
Local Corporate Grants
Foundation Grants
Annual Fund Gifts
Town Appropriation
Total Income

2
Aug

3
Sept

4
Oct

5
Nov

6
Dec

7
Jan

8
Feb

9
March

10
April

11
May

12
June

Year 1
Total

588

588

588

882

882

882

1,176 1,176 1,176 1,470 1,470 1,470 12,348
1,250
1,000
500

500

3,750
7,588

1,250
1,000
500

500

3,750
7,588

1,250
1,000
500

500

3,750
7,588

1,667
1,000
667

667

5,000
9,882

1,667
1,000
667

667

5,000
9,882

1,667
1,000
667

667

5,000
9,882

2,500
1,000
1,000
1,000
7,500
14,176

2,500
1,000
1,000
1,000
7,500
14,176

2,500
1,000
1,000
1,000
7,500
14,176

2,917
1,000
1,167
1,167
8,750
16,470

2,917
1,000
1,167
1,167
8,750
16,470

2,917
1,000
1,167
1,167
8,750
16,470

25,000
12,000
10,000
10,000
75,000
144,347

Operating Expenses
Electricity
Oil
Water/Sewer
Janitorial to SAU
Snow Removal
SAU Maintenance
Trash Removal
Supplies
NLCC Equipment Repairs
Insurance
NLCC Personel, part-time
Non Capital Repairs
Total Expenses

350

642

50
625

-
405

100

150

500

375

1,250
1,250
5,697

350

642

50
625

-
405

100

150

500

375

1,250
1,250
5,697

350

642

50
625

-
405

100

150

500

375

1,250
1,250
5,697

467

917

67
833

-
540

133

200

667

500

1,667
1,667
7,657

467

917

67
833

200

540

133

200

667

500

1,667
1,667
7,857

467

917

67
833

650

540

133

200

667

500

1,667
1,667
8,307

700

1,192
100

1,250
650

810

200

300

1,000
750

2,500
2,500
11,952

700

1,192
100

1,250
650

810

200

300

1,000
750

2,500
2,500
11,952

700

1,192
100

1,250
650

810

200

300

1,000
750

2,500
2,500
11,952

817

917

117

1,458
200

945

233

350

1,167
875

2,917
2,917
12,912

817

917

117

1,458
-
945

233

350

1,167
875

2,917
2,917
12,712

817

917

117

1,458
-
945

233

350

1,167
875

2,917
2,917
12,712

7,000
11,000
1,000
12,500
3,000
8,100
2,000
3,000
10,000
7,500
25,000
25,000
115,099

Increase in Unrestricted Net Assets

1,891 1,891 1,891 2,225 2,025 1,575 2,224 2,224 2,224 3,558 3,758 3,758 29,247

Projection Assumptions:
Occupancy Income Utilization Rate
Square Footage
Rates
Full Occupancy
Operating Grants & Gifts
United Way
Local Corporate Grants
Foundation Grants
Annual Fund Gifts
Expenses

10%
10%
10%
15%
15%
15%
20%
20%
20%
25%
25%
Opening with Cafeteria and Rooms 2, 3 & 4
Cafeteria - $50 per use; Room 2 & 3 - $20 per use; Room 4 - $15 per use
Based on two uses per day for each space available; some uses will be unpaid thus conservative utilization rate applied
Includes Operating Grant & Gift Income only; Grants & Gifts primarily to be used to support capital needs; Income to increase as NLCC becomes established
United Way Annual Operating Grant of $25K
3 Local Businesses at $1,000 per quarter
Local & National Operating Grants
Private / Individual Annual Operating Gift Goal of $10K
Based on actual figures from SAU for 1st year of operations; expense growth in conjunction with the occupancy utilization rate

25%