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Budget Overview
• Considered approach to fulfilling our fiduciary responsibility
• Know what we need to reach our budget goals
• How we meet our Strategic Plan
NAWIC Budget
Actual Income vs. Expenses2005 - 2010
$(200,000.00)
$-
$200,000.00
$400,000.00
$600,000.00
$800,000.00
$1,000,000.00
$1,200,000.00
Actual Income Actual Expenses Outcome
Year-End Actual Income2005 – 2011 (projected)
$56,998.61
$98,472.52
$126,913.06
$94,710.80
$(85,527.20)
$(60,621.10)
$(38,904.50)
$(100,000.00)
$(50,000.00)
$-
$50,000.00
$100,000.00
$150,000.00
Reserves / Retained Earnings
• Reserves = surplus earnings
• Use reserves to help us meet budget in the tough times
• We are taking money out of reserves to balance budget
• We haven’t replenished reserves for 2 years and we won’t this year
Membership Trending
Closing the Income Gap
• Understand and sell yourmembership
• Membership Goals:– 85% retention
– Each One Get One
2012 Convention in DenverAug 29 – Sept 1
Denver is a great city!
President DeWeese is scheduling a fabulous NAWIC weekend for us
One-stop NAWIC shopping• Networking• Professional education• Fun
What Now?• Director will briefly review your NAWIC budget
• Brief Q&A
• More Qs?Sandy Field, NAWIC Treasurer
Any NAWIC Officer or Dede Hughes, EVP Find us at www.nawic.org