THE FINANCIAL PROJECTIONS
FOR A SANCTUARY
LIBERIAN SANCTUARY BUDGET PROJECTIONS 2007 – 2011
Expense Category |
2007 |
2008 |
2009 |
2010 |
2011 |
SUMMARY
Personnel |
121740 |
125392 |
129154 |
133029 |
137019 |
Supplies |
89600 |
90792 |
92005 |
93239 |
94495 |
Other |
51860 |
52614 |
53384 |
54168 |
54971 |
Equipment Purchase, Repair & Maint |
55400 |
22308 |
26224 |
50832 |
57082 |
Management Fee |
50000 |
51500 |
53045 |
54636 |
56275 |
GRAND TOTAL |
368600 |
342606 |
353812 |
385905 |
399842 |
BREAKDOWNPERSONNEL
Sanctuary Director (Salary + Fringe Benefits) |
60000 |
61800 |
63654 |
65564 |
67531 |
Vilab Personnel (salary + Benefits) |
61740 |
63592 |
65500 |
67465 |
69489 |
Sub-Total to Summary |
121740 |
125392 |
129154 |
133029 |
137019 |
SUPPLIES
Disposable |
300 |
306 |
312 |
318 |
325 |
Food for Chimpanzees (.5% increase due to 2.5% mortality rate) |
40000 |
40200 |
40401 |
40603 |
40806 |
Gasoline & Diesel Fuel |
38000 |
38760 |
39535 |
40326 |
41132 |
Janitorial |
3600 |
3672 |
3745 |
3820 |
3897 |
Medical Supplies (for employees) |
200 |
204 |
208 |
212 |
216 |
Miscellaneous Supplies |
6600 |
6732 |
6867 |
7004 |
7144 |
Office |
900 |
918 |
936 |
955 |
974 |
Sub-Total to Summary |
89600 |
90792 |
92005 |
93239 |
94495 |
OTHER
Bank Charges (1% on 200,000) |
2000 |
2040 |
2081 |
2122 |
2165 |
DHL (Monthly Fiscal report $90 per month) |
1080 |
1102 |
1124 |
1146 |
1169 |
E mail + Internet |
12000 |
12240 |
12485 |
12734 |
12989 |
Vehicle Insurance |
3500 |
3570 |
3641 |
3714 |
3789 |
Government Costs |
3000 |
3060 |
3121 |
3184 |
3247 |
LIBR Lease Cost(Renegotiated every 5 yr @ 5% increase) |
15000 |
15000 |
15000 |
15000 |
15000 |
Medical Care for Employees |
1680 |
1730 |
1782 |
1836 |
1891 |
Miscellaneous Services Liberia |
900 |
918 |
918 |
936 |
955 |
Shipping from NY (twice a year. Vehicle and Boat Motor Parts) |
2500 |
2550 |
2601 |
2653 |
2706 |
Telephone (local calls) |
1200 |
1224 |
1248 |
1273 |
1299 |
Travel sanctuary foundation representative |
3000 |
3060 |
3121 |
3184 |
3247 |
Travel sanctuary Director (2 Trips) |
6000 |
6120 |
6242 |
6367 |
6495 |
Sub-Total to Summary |
51860 |
52614 |
53384 |
54169 |
54971 |
EQU1IPMENT PURCHASE, REPAIR & MAINTENANCE
Pick-Up Replacement every 5 yrs (includes shipping, customs, 2% inflation/year) |
|
|
|
|
35000 |
Jeep Replacement every 5 years (includes shipping, customs, 2% inflation per year) |
35000 |
|
|
|
|
Boat Motor Replacements every 5 yrs (25 & 175 hp. Includes shipping, customs, 2% inflation/year) |
|
|
|
29183 |
|
Boat Replacement every 10 years (includes shipping customs, 2% inflation/year) |
|
|
|
|
|
Generator Replacement every 5 years (local purchase) |
|
|
5000 |
|
|
Computer Processor + Printer replacement every 4 years (includes shipping, customs, 2% inflation/year) |
|
1500 |
|
|
|
Vehicles, boat motor generator: repair & maintenance supplies |
18000 |
18360 |
18727 |
19102 |
19484 |
Maintenance Supplies (House, Lab & Facilities on the island) |
2400 |
2448 |
2497 |
2547 |
2598 |
Miscellaneous small Equipment & Repair |
2400 |
2448 |
2497 |
2547 |
2598 |
Sub-Total to Summary |
55400 |
22308 |
26224 |
50832 |
57082 |
ENDOWMENT FINANCIAL PROJECTIONS The projections for the operation of the endowment were done based on Morgan StanleyÕs projection of an average 7% interest on the endowment over the next 50 years. The financial projection is detailed below:
|
|
|
Endowment Interest@7% |
Sanctuary Expenses |
Interest Income less Exp |
Endowment Balance |
|
|
|
|
|
|
6,800,000 |
|
Yr 1 |
2007 |
476,000 |
$
368,600 |
$
107,400 |
6,907,400 |
|
Yr 2 |
2008 |
483,518 |
$
342,606 |
$
140,912 |
7,048,312 |
|
Yr 3 |
2009 |
493,382 |
$
353,812 |
$
139,570 |
7,187,882 |
|
Yr 4 |
2010 |
503,152 |
$
385,905 |
$
117,247 |
7,305,129 |
|
Yr 5 |
2011 |
511,359 |
$
399,842 |
$
111,517 |
7,416,646 |
|
Yr 6 |
2012 |
519,165 |
$
412,571 |
$
106,594 |
7,523,240 |
|
Yr 7 |
2013 |
526,627 |
$
399,144 |
$
127,483 |
7,650,723 |
|
Yr 8 |
2014 |
535,551 |
$
396,795 |
$
138,756 |
7,789,478 |
|
Yr 9 |
2015 |
545,263 |
$
430,659 |
$
114,604 |
7,904,083 |
|
Yr 10 |
2016 |
553,286 |
$
448,203 |
$
105,083 |
8,009,165 |
|
Yr 11 |
2017 |
560,642 |
$
462,524 |
$ 98,118 |
8,107,283 |
|
Yr 12 |
2018 |
567,510 |
$
431,454 |
$
136,056 |
8,243,339 |
|
Yr 13 |
2019 |
577,034 |
$
445,749 |
$
131,285 |
8,374,623 |
|
Yr 14 |
2020 |
586,224 |
$
483,474 |
$
102,750 |
8,477,373 |
|
Yr 15 |
2021 |
593,416 |
$
503,192 |
$ 90,224 |
8,567,597 |
|
Yr 16 |
2022 |
599,732 |
$
519,319 |
$ 80,413 |
8,648,010 |
|
Yr 17 |
2023 |
605,361 |
$
503,669 |
$
101,692 |
8,749,702 |
|
Yr 18 |
2024 |
612,479 |
$
501,548 |
$ 110,931 |
8,860,633 |
|
Yr 19 |
2025 |
620,244 |
$
543,592 |
$ 76,652 |
8,937,285 |
|
Yr 20 |
2026 |
625,610 |
$
565,767 |
$ 59,843 |
8,997,128 |
|
Yr 21 |
2027 |
629,799 |
$
583,945 |
$ 45,854 |
9,042,982 |
|
Yr 22 |
2028 |
633,009 |
$
546,909 |
$ 86,100 |
9,129,082 |
|
Yr 23 |
2029 |
639,036 |
$
565,198 |
$ 73,838 |
9,202,920 |
|
Yr 24 |
2030 |
644,204 |
$
612,076 |
$ 32,128 |
9,235,048 |
|
Yr 25 |
2031 |
646,453 |
$
637,031 |
$
9,422 |
9,244,470 |
|
Yr 26 |
2032 |
647,113 |
$
657,540 |
$
(10,427) |
9,234,043 |
|
Yr 27 |
2033 |
646,383 |
$
639,440 |
$
6,943 |
9,240,986 |
|
Yr 28 |
2034 |
646,869 |
$
637,860 |
$
9,009 |
9,249,995 |
|
Yr 29 |
2035 |
647,500 |
$
690,150 |
$
(42,650) |
9,207,345 |
|
Yr 30 |
2036 |
644,514 |
$ 718,251 |
$
(73,737) |
9,133,608 |
|
Yr 31 |
2037 |
639,353 |
$
741,411 |
$
(102,058) |
9,031,550 |
|
Yr 32 |
2038 |
632,208 |
$
697,401 |
$
(65,193) |
8,966,357 |
|
Yr 33 |
2039 |
627,645 |
$ 720,867 |
$
(93,222) |
8,873,135 |
|
Yr 34 |
2040 |
621,119 |
$
779,219 |
$
(158,100) |
8,715,036 |
|
Yr 35 |
2041 |
610,052 |
$
810,884 |
$
(200,832) |
8,514,204 |
|
Yr 36 |
2042 |
595,994 |
$
837,061 |
$
(241,067) |
8,273,137 |
|
Yr 37 |
2043 |
579,120 |
$
816,319 |
$
(237,199) |
8,035,938 |
|
Yr 38 |
2044 |
562,516 |
$
815,757 |
$
(253,241) |
7,782,697 |
|
Yr 39 |
2045 |
544,789 |
$
880,903 |
$
(336,114) |
7,446,582 |
|
Yr 40 |
2046 |
521,261 |
$
916,607 |
$
(395,346) |
7,051,236 |
|
Yr 41 |
2047 |
493,587 |
$
946,220 |
$
(452,633) |
6,598,603 |
|
Yr 42 |
2048 |
461,902 |
$
894,110 |
$
(432,208) |
6,166,395 |
|
Yr 43 |
2049 |
431,648 |
$
924,302 |
$
(492,654) |
5,673,740 |
|
Yr 44 |
2050 |
397,162 |
$
997,066 |
$
(599,904) |
5,073,836 |
|
Yr 45 |
2051 |
355,169 |
$ 1,037,350 |
$
(682,181) |
4,391,655 |
|
Yr 46 |
2052 |
307,416 |
$ 1,069,770 |
$
(762,354) |
3,629,301 |
|
Yr 47 |
2053 |
254,051 |
$ 1,046,275 |
$
(792,224) |
2,837,077 |
|
Yr 48 |
2054 |
198,595 |
$ 1,047,433 |
$
(848,838) |
1,988,239 |
|
Yr 49 |
2055 |
139,177 |
$ 1,129,854 |
$
(990,677) |
997,562 |
|
Yr 50 |
2056 |
69,829 |
$ 1,175,335 |
$ (1,105,506) |
(107,944) |
Contributions to the above Sanctuary are urgently needed.