February 2015

Post date: Feb 08, 2015 9:48:19 PM

The Finance Committee met on January 20, 2015. Here are the highlights:

Stan Sanders has resigned from the Finance Committee, citing too many commitments. The Finance Committee thanks Stan for his service and wishes him well.

Budget Update.

Joe presented the monthly update. He reports that the organization is in good fiscal condition, though he expressed concern that we are not yet meeting our fundraising goals.

Annual Fundraising Appeal Letter Status.

The annual fundraising letter went out a little late this year, in mid-December, and it didn’t arrive on the East Coast until after Jan. 1st, which will impact donors seeking to take advantage of the tax write-off.

The committee suggests that Dawn Addy send out an email follow-up encouraging folks to help meet our annual goal. The overall donation goal is $10,000. and thus far we have received $3,800 in unrestricted donations. So we are 38% toward our goal.

(Dawn, Rick and Chad have since worked on an appeal, which is to be sent via email.)

Preparing for the 2015-16 Budget

We will begin the process of mapping out the budget for the next fiscal year with a message to committee clerks asking for estimates of their budgetary needs. The Committee asks that the clerks of all AVP-USA committees prepare and submit their proposed budgets for the 2015-16 FY by March 1st.

Respectfully submitted, Chad Dell, clerk.