The Cut Magazine Budget

FY2013 (July 1 2012 - June 30, 2013)

The Cut is Carnegie Mellon’s music magazine dedicated to the exposure of Carnegie Mellon students to all types of music, the recognition of music in the Carnegie Mellon community and the Pittsburgh community, and the unification of students through music. The goals of this publication are as follows: A. To raise awareness of local music events in Carnegie Mellon and Pittsburgh community; B. To represent a diverse range of music and music information from established and upcoming groups; C. To recognize local bands in an official format, and; D. To expose Carnegie Mellon students to new music.

JFC Rep: My Le (mle)

Summary

Requested
Expenditures $6,080.00
Capital $0.00
Revenue ($1,400.00)
Final $4,680.00
Recommended
Expenditures $5,930.00
Capital $0.00
Revenue ($2,663.00)
Final $3,267.00
Final
Expenditures $5,930.00
Capital $0.00
Revenue ($2,663.00)
Debt ($46.00)
Rollover ($0.00)
Total Subsidy $3,267.00
FY13 Starting Balance $3,221.00

Income and Revenue

Object Code Requested Recommended Final Description
Membership and Dues (-) $500.00 $500.00 $500.00

Members will be charged $10 for year-long membership; anticipated membership of 50 based on the most current years

Advertising Income (-) $200.00 $200.00 $200.00

Ads will be sold at $20 each, intended sale of 10 ads over 6 issue; based on feasibility given previous experience and most recent years

Events and Activities (-) $350.00 $350.00 $350.00

The Cut Unplugged is an acoustic concert held at The Frame Gallery. No cost is put into this, even the food we get is brought by staff members out of their own pocket. The event is to raise money for the magazine and so we offer publicity/support to the musicians that play. Tickets will be sold at $5 each, with 70 students expected.

Other Sales (-) $250.00 $250.00 $250.00

T-Shirts will be sold (mainly staff memebers who purchase them, but we will open it up to anyone) at $10 each, with an anticipated sale of at least 40 shirts, minus the production costs of $150.

Other Sales (-) $100.00 $100.00 $100.00

We will hold a bake sale at the concert event or have one/two big bake sale mid-year.

Other Sales (-) $0.00 $900.00 $900.00

additional fundraising; in line with last year

Other Sales (-) $0.00 $363.00 $363.00

Late Submission Penalty 10%

Sub-Total -$1,400.00 -$2,663.00 -$2,663.00

Costs

Object Code Requested Recommended Final Description
Printing & Publishing External (+) $5,580.00 $5,580.00 $5,580.00

Printing for 6 issues; 500 copies each, black and white, glossy, 7.5x10 inches; $930 per issue. I looked into a cheaper method of printing only 300 issues at $750 for a total of $4,500, however the cost difference doesn't seem beneficial. That would be a difference of $1,080 and only 1,200 issues, which would make the better deal to purchase 500 copies per issue. I also want to note that a lot of interest we get from press contacts/ads is the fact that the magazine is available in print and that we plan to distribute more around the greater PGH area. The more we reach out to local PGH bands, the greater their interest in having a print magazine available in the area and we have been really pushing that this semester. Furthermore, we never have a bunch of extra copies lying around the office. We distribute to the main buildings on campus, which if we printed only 300 issues it would leave us with few printed copies left to distribute.

Advertising Public Relations (+) $250.00 $100.00 $100.00

Will pay for banners/flyers, stickers, buttons to help promote events and the magazine. We really want to get our name out there more, which will in turn create a greater revenue.

in line with other groups

Uniforms (+) $150.00 $150.00 $150.00

We will purchase plain white t-shirts in bulk at the price of a 3 pack for $10 dollars; so 15 packs at $10 each giving us 45 t-shirts

Refreshments (+) $100.00 $100.00 $100.00

This will cover 2 general body meetings, $50 for each meeting to towards pizza/drinks

Sub-Total $6,080.00 $5,930.00 $5,930.00

By Object Code

Object Code Requested Recommended Final Description
Advertising Income (-) $200.00 $200.00 $200.00 Ads will be sold at $20 each, intended sale of 10 ads over 6 issue; based on feasibility given previous experience and most recent years
Advertising Public Relations (+) $250.00 $100.00 $100.00 Will pay for banners/flyers, stickers, buttons to help promote events and the magazine. We really want to get our name out there more, which will in turn create a greater revenue.
Events and Activities (-) $350.00 $350.00 $350.00 The Cut Unplugged is an acoustic concert held at The Frame Gallery. No cost is put into this, even the food we get is brought by staff members out of their own pocket. The event is to raise money for the magazine and so we offer publicity/support to the musicians that play. Tickets will be sold at $5 each, with 70 students expected.
Membership and Dues (-) $500.00 $500.00 $500.00 Members will be charged $10 for year-long membership; anticipated membership of 50 based on the most current years
Other Sales (-) $250.00 $250.00 $250.00 T-Shirts will be sold (mainly staff memebers who purchase them, but we will open it up to anyone) at $10 each, with an anticipated sale of at least 40 shirts, minus the production costs of $150.
Other Sales (-) $100.00 $100.00 $100.00 We will hold a bake sale at the concert event or have one/two big bake sale mid-year.
Other Sales (-) $0.00 $900.00 $900.00
Other Sales (-) $0.00 $363.00 $363.00
Printing & Publishing External (+) $5,580.00 $5,580.00 $5,580.00 Printing for 6 issues; 500 copies each, black and white, glossy, 7.5x10 inches; $930 per issue. I looked into a cheaper method of printing only 300 issues at $750 for a total of $4,500, however the cost difference doesn't seem beneficial. That would be a difference of $1,080 and only 1,200 issues, which would make the better deal to purchase 500 copies per issue. I also want to note that a lot of interest we get from press contacts/ads is the fact that the magazine is available in print and that we plan to distribute more around the greater PGH area. The more we reach out to local PGH bands, the greater their interest in having a print magazine available in the area and we have been really pushing that this semester. Furthermore, we never have a bunch of extra copies lying around the office. We distribute to the main buildings on campus, which if we printed only 300 issues it would leave us with few printed copies left to distribute.
Refreshments (+) $100.00 $100.00 $100.00 This will cover 2 general body meetings, $50 for each meeting to towards pizza/drinks
Uniforms (+) $150.00 $150.00 $150.00 We will purchase plain white t-shirts in bulk at the price of a 3 pack for $10 dollars; so 15 packs at $10 each giving us 45 t-shirts

By Ocode

Requested
Advertising Income $200.00
Advertising Public Relations $250.00
Events and Activities $350.00
Membership and Dues $500.00
Other Sales $350.00
Printing & Publishing External $5,580.00
Refreshments $100.00
Uniforms $150.00
Recommended
Advertising Income $200.00
Advertising Public Relations $100.00
Events and Activities $350.00
Membership and Dues $500.00
Other Sales $1,613.00
Printing & Publishing External $5,580.00
Refreshments $100.00
Uniforms $150.00
Final
Advertising Income $200.00
Advertising Public Relations $100.00
Events and Activities $350.00
Membership and Dues $500.00
Other Sales $1,613.00
Printing & Publishing External $5,580.00
Refreshments $100.00
Uniforms $150.00

Summary

Requested
Expenditures $6,080.00
Capital $0.00
Revenue ($1,400.00)
Final $4,680.00
Recommended
Expenditures $5,930.00
Capital $0.00
Revenue ($2,663.00)
Final $3,267.00
Final
Expenditures $5,930.00
Capital $0.00
Revenue ($2,663.00)
Debt ($46.00)
Rollover ($0.00)
Total Subsidy $3,267.00
FY13 Starting Balance $3,221.00