Budget for year 2012 and amendments to 2011 20 ... - Kimisitu Sacco

INCOMEBUDGET 2012Column1 ACTUAL 31.12.10 BUDGET 2010 BUDGET 2011 BUDGET 2012INTEREST FROM MEMBERS' LOANS 115,055,452 123,760,000 163,412,000 204,266,000INTEREST BANK DEPOSITS 4,288,173 2,044,000 3,166,000 4,024,000OTHER INCOME 1,144,040 148,000 211,000 500,000TOTAL INCOME 120,487,665.00 125,952,000 166,789,000 208,790,000EXPENDITUREAGM EXPENSES 1,698,996 2,137,000 2,437,000 2,924,000AUDIT FEE 208,800 250,000 300,000 360,000SUPERVISION FEE 18,200 25,000 30,000 36,000BANK CHARGES 186,162 350,000 350,000 359,000COMMITTEE ALLOWANCES 1,835,600 1,647,500 2,157,000 2,499,000COMMITTEE EXPENSES 529,643 414,000 477,000 509,000COMMITTEE TRAINING 967,593 1,164,000 1,963,000 2,084,500COMMITTEE TRAVEL 1,065,455 1,100,000 1,177,000 1,254,000DONATIONS 148,713 151,000 250,000 275,000INTERNET EXPENSES 320,210 432,000 432,000 432,000INTEREST ON DEPOSITS 85,864,723 87,752,000 116,726,000 150,152,000LEGAL FEE 80,553 160,000 200,000 220,000GENERAL REPAIRS & MAINTENANCE 379,758 414,000 534,000 624,000PROPERTY MAINTENANCE 1,336,482 1,592,000 1,751,000 1,417,000MEMBERS EDUCATION 1,157,940 1,145,000 1,474,000 1,930,000OFFICE RENT 59,400 - - -PRINTING AND STATIONERY 381,135 391,000 430,000 473,000ADVERTISING, MARKETING & PUBLICITY 657,086 650,000 950,000 1,213,000STAFF SALARIES 9,077,424 9,447,000 11,509,000 14,798,000STAFF GRATUITY/PENSION 1,373,757 1,551,000 1,923,000 2,380,000STAFF INSURANCES 1,378,042 1,431,000 1,674,000 2,137,000STAFF TRAINING 579,421 720,000 864,000 993,000STAFF TRAVEL 283,521 398,000 458,000 526,700AMORTISATION 375,000 475,000 1,258,000 883,000TELEPHONE AND POSTAGE 282,120 221,000 243,000 303,000CO-OPERATIVE EVENTS 525,889 329,000 394,200 436,700GENERAL INSURANCE 185,661 215,000 265,000 270,000PROPERTY INSURANCE 82,616 84,000 97,000 97,000OFFICE EXPENSES 307,560 254,000 279,000 306,900DEPRECIATION 1,197,274 1,297,000 2,091,000 2,207,000STRATEGIC PLANNING 2011-2015 444,410 815,000 - -LICENCES AND COMPLIANCE COST 9,000 370,000 320,000 120,000INTEREST ON HOLIDAY SAVINGS 43,124 70,000 93,000 124,000TOTAL EXPENDITURE 113,041,268 117,451,500 153,106,200 192,343,800SURPLUS 7,446,397 8,500,500 13,682,800 16,446,200* Items in red have been ammended

CAPITAL BUDGET APPROVED 2011 REVISED 2011 BUDGET 2012EQUIPMENTOFFICE LAYOUT AND REDESIGN 1,000,000 1,000,000FURNITURE AND FITTINGS 170,000 560,000OFFICE EQUIPMENTS 70,000 1,540,0001,240,000 3,100,000COMPUTERS / PERIPHERALSSERVER & ACCESSORIES 0 500,000COMPUTERS & ACCESSORIES 150,000 510,000 470,000150,000 1,010,000 470,000SOFTWARENEW SYSTEM 5,000,000 5,000,0005,000,000 5,000,000 0TOTAL CAPITAL BUDGET 6,390,000 9,110,000 470,000AMMENDMENTS TO 2011 BUDGETA. INCOME AND EXPENDITURE FROM TO CHANGEAMORTISATION 425,000.00 1,258,000.00 833,000.00DEPRECIATION 1,497,000.00 2,091,000.00 594,000.00Total 1,922,000.00 3,349,000.00 1,427,000.00B. CAPITAL BUDGET FROM TO CHANGEFURNITURE AND FITTINGS: 170,000.00 560,000.00 390,000.00-OFFICE EQUIPMENTS: 70,000.00 1,540,000.00 1,470,000.00-COMPUTERS / PERIPHERALS: 150,000.00 1,010,000.00 860,000.00Total 390,000.00 3,110,000.00 2,720,000.00