DRAFT OPEI Board Book 0625

Proposed Budget

Approved Budget FY2025

FY2025

FY2024 Actual

FY2023 Actual

FY2022 Actual

FY2026 Projections

EXPENSES

General Overhead:

Building Operating Costs

195,300 90,822 74,880 37,860 38,183 4,478 10,760 51,153 106,354

199,276 175,667

223,000 90,822 75,000 45,000 34,000 10,000 8,000 52,000 125,000 55,000 80,000 1,000 0 30,000 10,000 5,000 30,000 45,000 5,000 923,822 0

220,000 90,822 75,000 25,000 25,000 5,000 8,000 50,000 115,000 10,000 76,000 1,000 0 25,000 5,000 4,500 30,000 35,000 7,000 807,322 0

205,000 90,822 75,000 35,000 60,000 10,000 8,000 50,000 120,000 70,000 1,000 30,000 10,000 8,500 30,000 0 0 50,000 5,000 858,322

90,822 74,880 26,566 12,240 9,506 48,521 90,353 5,450 58,140 2,517 2,946 8,057 36,865 47,929 5,499 105 0

90,822 74,880 37,414 8,129 5,148 51,273 86,343 35,000 54,797

Depr.- Building

Depr.- Building-Fixtures/ Improvements Depr.- Furniture/ Equip- UpdateFY26 Depr. - Software/ Website Redesign

141,437 139,263

Office Supplies

Maintenance & Equip. Other Dues, Fees & Pubs. IT Support/ Software Maint. Fees

Cyber IT Assessment /Policy development Marketing Retainer Fee-Big Red M (Expo)

0

62,071

Insurance

Miscellaneous Taxes

896

185

Misc. Travel

0

0

Staff Travel-KY/Associations Conf.

4,170

3,141

Education

0

0

6,300 36,400 49,922 10,094

6,112 29,012 48,234 2,000

Postage/Shipping Telephone/Zoom Bank/Brokerage Fees

Miscellaneous

Total General Overhead

779,643

861,109 847,420

TOTAL OPERATING EXPENSES:

8,755,922

9,073,578 8,912,826 8,309,577 6,683,221 5,238,086

TOTAL INCOME:

8,885,640

8,958,294 8,556,896 8,936,717 7,848,284 6,069,001

CHANGE IN NET OPERATING INC. BEFORE INVESTMENT INCOME

129,718

(115,284)

(355,930)

627,140 1,165,063

830,915

Investment Income: Interest/Dividend Income/EXPO Sweep Unrealized Gain/Loss on Investments Total Investment Income EXPO Sweep

190,000 195,000

181,500 200,000

190,000 190,000

179,898 198,190 553,327 931,415

152,242 111,244

145,479 (564,234) 297,721 (452,990)

385,000

381,500

380,000

1,462,784 377,925

CHANGE IN NET ASSETS:

514,718

266,216

24,070 1,558,555

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