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Treasurer’s Report

Treasurer’s Report. 2005 NGB Meeting. Geoff Plante, Treasurer. May 5, 2005. 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

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Treasurer’s Report

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  1. Treasurer’s Report 2005 NGB Meeting Geoff Plante, Treasurer May 5, 2005

  2. Income Statement • Amounts are for three months ended March 31 200520042003 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

  3. Revenue Breakdown 2005 2004

  4. Expense Breakdown 2005 2004

  5. 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

  8. On-line Memberships Sales

  9. 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

  10. Questions

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