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Treasurer's Report 2005 - Financial Overview and Strategic Initiatives

This report outlines the financial performance of the NGB for 2005, highlighting revenues, expenses, and investment fund details. The report also discusses strategies for increasing revenues and cutting expenses to drive profitability.

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Treasurer's Report 2005 - Financial Overview and Strategic Initiatives

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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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