S W 334 Lecture Notes - Lecture 26: Employee Benefits, Equipment Rental, Office Supplies
Document Summary
Revenues are sources of agency income: grants and contracts, philanthropic giving, special events/fundraisers, earned income (revenue generated by the commercial exchange of a product or service between a buyer and a seller) Expenses: expenses are sources of agency expenditures, personnel, employee benefits, training/staff development, program-related, furniture and equipment, operating costs. Personnel: personnel expenses include, salaries + wages, employee benefits (fica, unemployment insurance, health care, retirement) Training: training expenses include cost of travel, registration fees, and training materials, volunteer-related, staff-related, board member-related. Program expenses: program expenses include such things as, program supplies, affiliation/certification fees, community outreach and education, resource materials translation services, volunteer recruitment, curriculum enhancement, web page design, upgrades, maintenance. Operating costs: operating costs include such things as, contract labor, professional fees (consultants, auditors, attorneys, advertising, dues + memberships, equipment rental, fundraising expenses. Insurance office supplies: postage/shipping charges, printing/duplication (non program-related, rent. Utilities: repairs and maintenance, telephone/fax, payroll taxes.
