APA Florida Summary Narrative: 2023 Budget BUDGET FORMAT & ASSUMPTIONS The following is a summary narrative of the assumptions and format for the 2023 APA Florida budget. It is followed by summary narratives and assumptions by budget category. The dollar amounts for each of the revenues and expenditures are proposed for the 2023 budget year (January 1, 2023 – December 31, 2023). • •
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For the last several years, APA Florida has presented its budget in essentially the same format. It is zero-based and considered a “flexible” budget as it is sometimes difficult to estimate the two main sources of revenue—APA dues rebates, i.e., membership dues, and Annual Conference proceeds. The APA Florida Executive Committee will make adjustments as needed throughout the course of the year. It is being assumed that APA Florida membership dues revenue, advertising revenues and sponsorship revenues will continue to rebound from Covid impacts and will be similar to what was budgeted in 2022. It is also assumed that the estimated conference revenues will also reflect normal years.
. REVENUES APA DUES REBATE .................................................................................................................... $260,00.00 The APA Dues Rebate is based on the total dues collected by APA for the various membership categories and the number of Florida members. As of June 1, there were 3,019 members, compared to June 30, 2021 where there were 3,008 members. Membership numbers include regular members, planning officials, retired members, faculty members, Chapter-only members, planning board members, and students. ADVERTISING FEES ................................................................................................................... $30,000.00 This category includes fees collected for JobMart (both on the website and in the newsletter), consultant directory fees, and quarter-, half-, and full-page display ads in Florida Planning magazine. INTEREST INCOME ..................................................................................................................... $10,700.00 This is the interest collected on APA Florida’s Regions Money Market, First Bank, and Prime Meridian accounts. In 2015, the APA Florida Executive Committee transferred assets to a tiered ladder of investments which significantly increases interest earned over the course of the year. This includes interest from those investments and reflects the current value of the annuity that will mature in 2023. ANNUAL CONFERENCE ........................................................................................................... $245,000.00 This represents the total amount of money collected related to APA Florida’s Annual Conference. This includes conference registrations, pre-conference registrations, planning officials training, exhibitor fees and project award fees. This category and the Sponsorship category are off-set by the total expenditures associated with the Annual Conference. When the total revenue exceeds total conference expenditures, there is net revenue available for the host section to receive additional compensation as well as funds for the Chapter and other sections to provide additional services.
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