We often get asked about the cost of running the shelter, and how the finances break down, so here’s a clear breakdown of how we keep the place running.  Income falls in two categories: Regular pledged monthly donations, and one-time donations.  Expenses are pretty much the same. Recurring costs, such as rent and food,  and one time expenses of materials, supplies, maintenance costs, and other expenses.

We keep meticulous track of every donation and expense, to always know where we stand financially.

Now, here’s the tough part. The shelter spends much more than it receives.  The monthly pledges do not cover the fixed expenses. Naturally, there’s no money for the additional costs.

So where does the extra money come from? well, to put it plainly, from me, Leo.  My wife Jin, and I already have committed to our monthly donation, but we have been covering the expenses form our family savings.  We love the dogs, so we gladly do this, but it is simply not sustainable; at some point, the money will run out. That’s why BAPS needs more people who are willing to commit to regular donations.

This is the budget projections for 2012. These are the operating costs BAPS will have to raise in order to stay open.

Monthly costs:

Rent:--------------------400,000

Food: -------------------420,000 - 7 bags a week, at 15,000= 15 thousand (16 cages with 30kg of dog)

Heartguard: -----------300,000 - 30 dogs, 10k per. 

Frontline: --------------300,000 - 30 dogs, 10k per. 

Intake: ----------------300,000 -   3 new dogs per month -disease tests, vaccinations.

Misc supplies----------100,000 - This includes rubber gloves, bleach, detergents, and other supplies. 

Care worker: ---------200,000 - Twice a week, to feed & clean.  

Vaccinations: ---------100,000  - Yearly vaccinations (DHPPL & Caniflu)

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 Monthly total: --------2,120,000

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Total year  budget: 25,440,000
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We've also set up an emergency medical care fund of 5,000,000. That money was donated by the Ulsan St. Andrew's Charity ball, and it will stay outside of operating budgets.

For a frame of reference on how we are doing financially,as of February 1st, 2012  BAPS has a little over 10,000,000 (not counting the medical fund) in the bank.

This is from the fundraising efforts over Christmas, including 4,000,000 profit from calendar sales (300 so far, minus printing cost)

So, we still need to raise nearly 15,000,000 to meet out 2012 operating costs. 

That's why Ashley is sitting on the 200 calendars still unsold....

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Further in-depth details of all finances are available to our Admin. members and our (unofficial) Board of Trustees

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