The FY 15 MIDAS Operating Budget was set by the Executive Board at $2,477,479, which is a 1% decrease from FY 14's budget.
Funding for MIDAS comes from several sources. In the Planning Department, Government Assistance, in the form of grants and dues, accounts for $280,479 of the projected revenues. The bulk of the rest, or $51,250, is generated through contracted administrative service fees. The remainder is $68 from interest generated from banked funds. Membership dues make up 24.45% of total planning revenues.
The MIDAS Executive Board receives and reviews the MIDAS financial report at the monthly Executive Committee meeting, and approves expenditures at the same time. The MIDAS financial system is audited on an annual basis, usually in July or August.
ABOUT MIDAS >