Treasurers Report

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Treasurers Report

• 2005 NGB Meeting

Geoff Plante, Treasurer
May 5, 2005
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Income Statement

• Amounts are for three months ended March 31
• 2005 2004 2003
• Revenues 69,044 46,427 53,508
• Total Expenses 56,476 46,439
  52,009
• Net Operating Income 12,568 (8)
  1,499
• Revenue and profits are up compared to the same
  period the prior 3 years

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Revenue Breakdown
2005
2004
4
Expense Breakdown
2005
2004
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2004 Income Statement

Revenues 217,182 Total Expenses 256,356
Net Operating Income 39,174

• Drug testing increased approximately 15,000 from
  2003
• Merchandise expenditures increased by 15,000
  from 2003, not all recouped until 2004

6
Investment Fund

• Total investments were 105,000 as of March 31,
  2005
• Return was about 5.6, despite being highly
  invested in cash
• Used 15,000 for cash flow
• Funded insurance purchase with 15,000 to save
  finance charges
• All investments have been consolidated at Charles
  Schwab

7
On Line Sales Program

• Sales for first year
• Donations 2,035
• Memberships 148 for 5,670
• Merchandise 211 sales 8,008

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On-line Memberships Sales
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Strategic Initiatives

• Merchandising program should reach 20,000 in
  sales in 2005
• Continue to expand sales at more meets
• Continue watching expenses
• We have already cut most major areas
• Look for more revenue opportunities
• New Members and more meets
• Advertisers in newsletters
• Need to bring in a few larger sponsors

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Questions