Financial plan, self-duding and sponsorship, first idea now evoluated
“Initially was decided that the Promotion Centre for Albanian Art and Culture would be financed by the budget of the Ministry of Foreign Affairs of Albania and Kosovo. The incomes that later could be acquired by its activities, will be managed by its own center.” For opening of this centre will be needed at least an amount of $275,220.00[5] The budget breakdown for one year is as follows: $275,220.00 – the necessary amount to open the Centre + $585,800.00[6]– the necessary incomes for functioning of the Centre for the following 11 months $861,020.00 – the required total amount for the functioning of the Centre in New York for one year. The above-mentioned value does not include the revenues that it will establish itself, as the centre will be set up [7] The idea of self-financing of the centers belonging to a future when this organism will be able to accumulate the income by providing the following services: – Language courses – Translations – Movies – Concerts – The sale of daily newspapers, magazines, cassettes, CDs and videotapes – The contribution of the Albanian businessmen[8] which operates in these countries, given in the form of sponsorship for cultural and artistic activities – The contribution of different foundations of the country These types of activities and others for which the concept remain open will support, help the self-financing of the center.
| Table #1 | ||
| Publicity | $1,400.00 | Expenses for the promotion of the center, logo |
| Initial Inventory | $18,600.00 | Costs to prepare and make the building functional |
| Construction Materials | $120,000.00 | Based on contractors data |
| Account | $1,000.00 | Petty cash |
| Decoration of the facility | $2,500.00 | Expenses for decoration |
| Maintenance deposits | $800.00 | Phone, electricity, internet |
| Equipment and machinery | $18,500.00 | Computer, printer, phone, camera, projector, etc.. |
| Installation of equipment expenses | $2,000.00 | Based on contractor data |
| Insurance | $1,500.00 | Based on data from the insurance company |
| Lessee rights | $700.00 | Based on the data of contractors |
| License fee | $27,000.00 | Deposit of rental license |
| License fee and other rights | $1,500.00 | As per state data |
| Different expenses | $2,500.00 | Daily usual outflows |
| Professional fees | $23,700.00 | Staff |
| Rent | $25,000.00 | Amount to be paid prior to the opening of the center |
| Services | $400.00 | Account, cleaning service |
| Formal procedures | $200.00 | Obtaining of license, post service |
| Web-design | $2,300.00 | Designing and maintenance of the internet site |
| Value of purchased? | $0.00 | Purchased businesses |
| Supplies | $600.00 | Maintenance, pens, pencils, letters, cleaning chemical, pencils, notebooks |
| Extraordinary expenses/unforeseen/ | $25,020.00(250,200×10%+$25,020) | Unforeseen are 10% of the total amount |