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

Income Statement Amounts are for three months ended March 31Amounts are for three months ended March Revenues$ 69,044$46,427 $53,508 Total Expenses $ 56,476$46,439 $52,009 Net Operating Income$ 12,568 (8) Net Operating Income$ 12,568 (8) $ 1,499 –Revenue and profits are up compared to the same period the prior 3 years

Revenue Breakdown

Expense Breakdown

2004 Income Statement Revenues$217,182 Total Expenses $256,356 Net Operating Income$ 39,174 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

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

On Line Sales Program Sales for first year: – –Donations$2,035 – –Memberships148 for $5,670 – –Merchandise 211 sales $8,008

On-line Memberships Sales

Strategic Initiatives Merchandising program should reach $20,000 in sales in 2005Merchandising program should reach $20,000 in sales in 2005 –Continue to expand sales at more meets Continue watching expensesContinue 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

Questions