June 2016

Post date: Jun 10, 2016 1:36:33 PM

1. Preliminary indications are that the conference was financially successful. Cash revenue is just over $30,000, plus an additional $10,000 in scholarships ($5,000 scholarship budget, $1,450 in earmarked scholarship contributions, $1,450 in earmarked Peace Fellow contributions, and $2,300 in Board scholarships.

2. The attached revised budget has been approved by the Finance Committee and is presented for Board approval. The following changes have been made to the budget presented at the Annual Meeting.

a) Unrestricted General Donations (line 15) increased from $12,000 to $15,770.

b) Education Committee expenses (line 53) reduced from $500 to $300. They have spent zero in recent years.

c) Finance Committee - Other (line 58) reduced from $300 to $250. These are principally Treasurer's expenses.

d) Fundraising Committee (line 60) reduced from $5,000 to $2,500. Typically, the only expense for this line has been the annual mailing, which this year cost $2,144.

e) Public Relations Committee expenses (line 61) reduced from $7,500 to $7,000. This includes $6,500 for Outreach Coordinator stipends and expenses, plus $500 for general committee expenses. They have spent less than $250 in each of the last three years.

f) AVP-USA Conference Scholarships (line 65) increased from $5,000 to $7,500. This includes the $6,500 approved by the Board plus $1,000 funded by earmarked donations (line 10).

g) Bank Charges (line 10) reduced from $320 to $280, which is probably a more precise estimate.