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

2. Income Statement Amounts are for three months ended March 31Amounts are for three months ended March 31 2005 2004 2003 2005 2004 2003 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

3. Revenue Breakdown 2005 2004

4. Expense Breakdown 2004 2005

5. 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

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 – –Memberships148 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 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

10. Questions