LRRC 5-Year Budget

LRRC 5-Year Budget Narrative

PERSONNEL: Although the bulk of our labor will be provided by volunteers we will sustain a core team of paid positions that include Executive Director (1.0 FTE @ an annual salary of $83,200); Program Manager (1.0 FTE @ an annual salary of $52,000); Program Administrator (1.0 FTE @ an annual salary of $72,800); Housing Navigator (1.0 FTE @ an annual salary of $83,200); Forklift Operator ($25/hour x 12.92 hours/wk); 4 Program Staff that will be paid hourly at $20/hr x 40 hrs/wk ($41,600 annually). We have included an annual 2.5% cost of living increase in all salaries and wages.

PAYROLL TAXES & FRINGE: We will cover all mandated payroll taxes and fringe costs including 7.65% FICA, 2.8% SUTA, 6.7% TDI, 5.2% Workman’s Compensation, and $750/ employee/month estimated average health insurance premium for all full time positions.

CONTRACTORS: We shall contract a social media/website specialist at $1,200/month.

FACILITIES: This includes the 6,250 square feet warehouse with a one time deposit of $30,693.71, plus monthly rent of $30,693.71 with a 5% annual increase, $5,300/month for electricity, $122/month for water, $250/month for telecommunications, $2,000/ month for insurance, and $1,200/month for cleaning and maintenance.

EQUIPMENT: Our equipment expenses include three purchases: a forklift with extender @ $26,000, two pallets jacks at $6,000 total, and a box truck for deliveries at $35,000. We already have a work truck and trailer. We have also budgeted $1,500/month for vehicle expenses including registration, insurance, safety checks, repair/maintenance, and fuel.

SUPPLIES: Our project supplies include the following monthly expenses: $1,300 for propane (for forklift), $1,500 for gas/mileage, $1,500 for warehouse supplies, $700 for office supplies, and $2,500 for meals for our volunteers. This totals $7,500 per month for supplies

GENERAL & ADMINISTRATIVE: Our general and administrative expenses have been estimated at 10%.

INCOME: In year one, we anticipate our revenue will be from 68% private donations, 7%, partnerships, 22% grants, and 3% mission-driven revenue. We are currently launching a fundraising campaign to raise 1 million dollars for LRRC through private donations and crowd source funding. In addition to this book, we will utilize a GoFund Me campaign to get the kāhea out. We will also be seeking grants from HCF’s Maui Strong Fund, as well as private local and national foundations. Partnerships will include rent support from entities that are sharing space with us. Mission-driven revenue will include consultation contracts to provide cultural and community orientation and other training services for agencies, organizations, and businesses.