Presenter: David M. Morris, C.P.A.Class A (nonalcoholic) Trustee

General Service Board Treasurer

AROUND THE PICNIC TABLE

Finance

COMMUNICATING TO THE FELLOWSHIP ABOUT FINANCE

Spiritual value of contributing Services provided to the Fellowship Publishing Grapevine and need for subscriptions growth La Viña Transfer from Reserve Fund to Pension Plan Liability Fund Humanize Reserve Fund ownership

Not $15.3 m: $236.52 per group, $11.01 per member

1

GENERAL SERVICE BOARDFINANCIAL SUMMARY OF OPERATIONS 12-31-13

G.S.O.GENERAL

FUND

THE A.A.W.S.

PUBLISHING

THE A.A.

GRAPEVINE LA VIÑA

2013COMBINED

ACTUAL2012

ACTUAL

REVENUE

Net Sales $12,604,719 $3,019,339 $127,270 $15,751,328 $15,536,458

Contributions 6,906,371 6,906,371 6,557,608

Interest 114 390 10,500 11,004 15,266

TOTAL REVENUE 6,906,485 12,605,109 3,029,839 127,270 22,668,703 22,109,332

EXPENSES

Printing 2,962,241 402,183 33,544 3,397,968 3,401,992

Royalties 27,840 27,840 27,161

Shipping & Warehouse 1,505,296 623,640 30,192 2,159,128 2,215,000

Program Expenses 5,751,387 3,200,822 1,097,907 206,078 10,256,194 9,796,825

Supporting Services 3,756,195 2,276,259 590,904 6,623,358 6,374,725

TOTAL EXPENSES 9,507,582 9,972,458 2,714,634 269,814 22,464,488 21,815,703

NET INCOME (LOSS) OPERATIONS (2,601,097) 2,632,651 315,205 (142,544) 204,215 293,629

RESERVE FUND

Reserve Fund Balance at December 31 available to cover operating expensesOperating Expenses

15,301,65316,879,552

15,353,75216,228,337

Number of months Operating Expenses-approximate 10.9 11.4

*Excludes non-operating Funds: Reserve, Capital Projects, Pension, Post-Retirement Medical Benefits

2

GENERAL SERVICE BOARDFINANCIAL SUMMARY OF OPERATIONS 12-31-13

G.S.O.GENERAL

FUND

THE A.A.W.S.

PUBLISHING

THE A.A.

GRAPEVINE LA VIÑA

2013COMBINED

ACTUAL2013

BUDGET

REVENUE

Net Sales $12,604,719 $3,019,339 $127,270 $15,751,328 $15,562,535

Contributions 6,906,371 6,906,371 6,697,000

Interest 114 390 10,500 11,004 17,050

TOTAL REVENUE 6,906,485 12,605,109 3,029,839 127,270 22,668,703 22,276,585

EXPENSES

Printing 2,962,241 402,183 33,544 3,397,968 3,534,902

Royalties 27,840 27,840 28,000

Shipping & Warehouse 1,505,296 623,640 30,192 2,159,128 2,332,221

Program Expenses 5,751,387 3,200,822 1,097,907 206,078 10,256,194 10,737,010

Supporting Services 3,756,195 2,276,259 590,904 6,623,358 6,370,792

TOTAL EXPENSES 9,507,582 9,972,458 2,714,634 269,814 22,464,488 23,002,925

NET INCOME (LOSS) OPERATIONS (2,601,097) 2,632,651 315,205 (142,544) 204,215 (726,340)

RESERVE FUND

Reserve Fund Balance at December 31 available to cover operating expensesOperating Expenses

15,301,65316,879,552

15,301,65317,107,927

Number of months Operating Expenses-approximate 10.9 10.8

*Excludes non-operating Funds: Reserve, Capital Projects, Pension, Post-Retirement Medical Benefits

3

GRATITUDE

4

2012-2013 CONTRIBUTIONS SUMMARY2012 2013

Group Contributions $5,451,874 $5,718,306

Specials¹ 582,011 629,542Individuals 384,055 398,880Foreign, WSM etc. 67,403 73,800Memorials 51,418 63,178

Special Meetings² 16,571 12,815Other 4,276 9,850

Totals 6,557,608 6,906,371¹Special contribution is one that comes from any number of A.A. entities that is not an A.A. Group, for example, a Conference, a Committee, an Area, a District, an Intergroup, etc.

²A Special Meeting is a meeting that does not want to be a group but does want to contribute to the General Service Board.

5

$0

$1,000,000

$2,000,000

$3,000,000

$4,000,000

$5,000,000

$6,000,000

$7,000,000

$8,000,00019

83

1986

1989

1992

1995

1998

2001

2004

2007

2010

2013

0.00%

10.00%

20.00%

30.00%

40.00%

50.00%

60.00%

Total ContributionsTotal Percentage of Groups Contributing

CONTRIBUTION HISTORY: 1983—2013

6

40.50%

41.00%

41.50%

42.00%

42.50%

43.00%

43.50%

44.00%

44.50%

45.00%

45.50%

2003 2005 2007 2009 2011 2013

Total Percentage of Groups Contributing

PERCENTAGE OF GROUPS CONTRIBUTING2003—2013

7

THROUGH OUR OWN CONTRIBUTIONS

8

A DOLLAR IS NOT WHAT IT USED TO BE

1945 2014

9

INFLATION CALCULATOR

$1.00 in

1945had the buying power

of$13.00

in2014

$ .08 in

2014had the buying power of

$ 1.00in

1945

Source: U.S. Department of Labor

10

• Publishing

• Services on Behalf of the G.S.B.

GSO’s TWO BASIC FUNCTIONS

11

Group Records

2011 ACTUAL

2012 ACTUAL

2013 ACTUAL

Group Services $2,146,558 $2,317,118 $2,454,030

Public Information 293,208 292,437 278,984

Cooperation Professional Community 318,488 339,318 333,085

Treatment Facilities 135,781 141,388 129,222

Corrections 235,089 257,061 301,537

Overseas Services (including Literature Assistance) 500,345 440,172 479,074

General Service Conference 881,318 774,900 906,376

Regional Forums 382,742 465,902 459,213

Archives 521,716 573,894 651,169

Trustee/Director Activities 337,441 412,391 401,422

World Service Meeting 0 212,502 0

Supporting Services 2,994,453 3,027,048 3,113,470

Total 8,747,139 9,254,131 9,507,582

Increase over prior year% increase over prior

105,0271.22%

506,9925.80%

253,4512.74%

GENERAL SERVICE OFFICE FUNCTIONAL EXPENSES-DIRECT COSTS

12

$0.00

$100,000.00

$200,000.00

$300,000.00

$400,000.00

$500,000.00

$600,000.00

$700,000.00

$800,000.00

$900,000.00

$1,000,000.00

SELECTED G.S.O. SERVICE EXPENSES—DIRECT COSTS 2013

P.I. CPCCorrections International Conference

Regional Forums ArchivesTreatment

13

2011Actual

2012Actual

2013Actual

Group Services $3,263,908 $3,437,762 $3,648,966

Public Information 445,832 435,022 414,829

Cooperation with the Professional Community 484,271 504,762 495,274

Treatment Facilities 206,459 210,326 192,144

Corrections 357,460 382,397 448,363

Loners and Overseas Services 760,790 654,789 712,348

General Service Conference 1,340,071 1,152,723 1,347,715

Regional Forums 581,972 693,064 682,816

Archives 793,285 853,710 968,241

Trustees/Director Activities 513,089 613,463 596,886

WSM 316,113

Supporting Services—Allocated out

Total 8,747,139 9,254,131 9,507,582

GROUP SERVICE ACTIVITIES—FULLY ABSORBED

14

2011 2012 2013

Group Service Staff Assignment Activities $664,853 $653,493 $715,044

Box 459 303,879 290,727 301,164

A.A. Directories 100,262 57,497 13,426

Records & Files Depts. 853,912 887,286 970,040Contributions, Processing, Verification and Documentation

940,651 957,831 1,065819

French Services 36,452 39,298 29,605Spanish Services 23,701 27,776 33,582

Special Needs 170,443 231,760 166,402

Nominating 169,755 292,095 353,885

Total 3,263,908 3,437,763 3,648,966

GROUP SERVICE ACTIVITIES—FULLY ALLOCATED

15

2011Actual

2012Actual

2013Actual

Cost of Service per member per year $6.32 $6.66 $6.84

Cost of Service per group per year 137.01 143.67 146.96

Number of members reported 1,384,699 1,388,727 1,389,602

Number of groups reported 63,845 64,414 64,694

Percentage of groups contributing 42.4% 42.4% 42.5%

Contributions per member per year 4.52 4.72 4.97

Contributions per group per year 96.95 101.80 106.75

Cost of services NOT covered through Contributions that must be made up by using literature profits - per member per year 1.80 1.94 1.87

MEMBER SERVICES & STATISTICS

16

62.00%

64.00%

66.00%

68.00%

70.00%

72.00%

74.00%

76.00%

78.00%

2000

2001

2002

2003

2004

2005

2006

2007

2008

2009

2010

2011

2012

2013

Percentage of Services Supported by Contributions

PERCENTAGE OF SERVICES SUPPORTED BY CONTRIBUTIONS

17

• Publishing

• Services on Behalf of the G.S.B.

GSO’s TWO BASIC FUNCTIONS

18

Group Records

2013ACTUAL

2012ACTUAL

INCREASE

(DECREASE)

Gross Sales $12,841,973 $12,620,075 $221,898

Less Discounts allowed 237,254 255,317 (18,063)

Interest earned 390 392 (2)

Net Sales – Literature (including interest earned) 12,605,109 12,365,150 239,959

Cost of Literature sold 2,990,081 2,973,227 16,854

Direct Shipping and Warehousing 1,505,296 1,513,607 83,111

Gross Profit 8,109,732 7,878,316 231,416

Gross Profit Percentage 64.3% 63.7%

Program Expenses 3,200,822 2,914,348 286,474

Supporting Expenses 2,276,259 2,115,073 161,186

Total Expenses 5,477,081 5,029,421 447,660

Excess of Revenue Over Expenses 2,632,651 2,848,895 (216,244)

A.A.W.S. PUBLISHING STATEMENT OF ACTIVITY

19

2013ACTUAL

2013BUDGET

INCREASE (DECREASE)

Gross Sales $12,841,973 $12,800,000 $41,973

Less Discounts allowed 237,254 260,000 (22,746)

Interest earned 390 400 (10)

Net Sales – Literature (including interest earned) 12,605,109 12,540,400 64,709

Cost of Literature sold 2,990,081 3,128,000 (137,919)

Direct Shipping and Warehousing 1,505,296 1,629,200 (123,904)

Gross Profit 8,109,732 7,783,200 326,532

Gross Profit Percentage 64.3% 62.1%

Program Expenses 3,200,822 3,122,433 78,389

Supporting Expenses 2,276,259 2,266,089 10,170

Total Expenses 5,477,081 5,388,522 88,559

Excess of Revenue Over Expenses 2,632,651 2,394,678 237,973

A.A.W.S. PUBLISHING STATEMENT OF ACTIVITY

20

A.A.W.S. LITERATURE TITLES

2013 Units 2013 $ 2012 Units 2012 $

A.A. Big Books* 972,903 6,067,659 947,740 5,942,145

12 Steps & 12 Traditions 371,489 2,269,993 366,643 2,252,871

Daily Reflections 152,073 1,119,946 148,072 1,105,015

Living Sober 140,047 524,876 127,918 483,090

All others 152,915 2,859,499 153,029 2,836,954

Total** 1,789,427 12,841,973 1,743,402 12,620,075

* English –USA/Canada only - 72 translations and 17 translations pending.

** A.A.W.S. has published literature in 93 languages.

21

1014

1028 10

49

1017

960

931

865

870

897

1297

1171

1008

1202

971

1064

1120 11

14 1220

887

946

948

973

0

200

400

600

800

1000

1200

1400

BIG BOOK UNIT SALES: 1992—2013

22

SELF-SUPPORT OF THE WORLD SERVICES OF ALCOHOLICS ANONYMOUS

The A.A. spiritual principle of self-support enables us to pursue our primary purpose of

carrying the message to the still-suffering alcoholic with a shared sense of

responsibility for our lifesaving work and without interference or financial dependence

on outsiders. From our Fellowship's earliest days, the expenses of the General Service

Office, and the world services provided by it, have exceeded the amount derived from

contributions of A.A. groups and members. As a result, providing these needed

services has necessarily been supported in part by income from the sale of A.A.

literature. It is the policy of the General Service Board that income from literature sales

should only be in amounts required to allow continued provision of vitally needed

services and maintenance of a Reserve Fund. We hope that the day will come when

A.A. groups and members, through their contributions, will be able to fund fully the

services provided by the General Service Office. If that is achieved, revenues from

literature sales will only be needed in amounts necessary to cover the actual costs

associated with literature production and to maintain a Reserve Fund.

Approved by the General Service Board February 3, 2014

23

2013ACTUAL

2014BUDGET

INCREASE (DECREASE)

Gross Sales $12,841,973 $15,300,000 $2,458,027

Less Discounts allowed 237,254 594,000 356,746

Interest earned 390 390 0

Net Sales – Literature (including interest earned) 12,605,109 14,706,390 2,101,281

Cost of Literature sold 2,990,081 3,542,370 552,289

Direct Shipping and Warehousing 1,505,296 1,940,070 434,774

Gross Profit 8,109,732 9,223,950 1,114,218

Gross Profit Percentage 64.3% 62.8%

Program Expenses 3,200,822 3,446,156 245,334

Supporting Expenses 2,276,259 2,375,915 99,656

Total Expenses 5,477,081 5,822,071 344,990

Excess of Revenue Over Expenses 2,632,651 3,401,879 769,228

A.A.W.S. PUBLISHING STATEMENT OF ACTIVITY

24

25

A.A. GRAPEVINE – STATEMENTS OF ACTIVITIESAVERAGE CIRCULATION 77,126 83,263 (6,137)

Online 5,175 5,535 (360)

2013ACTUAL

2012ACTUAL

INCREASE(DECREASE)

Magazine Income $2,242,363 $2,342,910 ($100,547)

Direct Costs: Magazine 764,674 817,663 (52,989)

Gross Profit on Magazine 1,477,689 1,525,247 (47,558)

Other Publishing Income 776,976 705,310 71,666

Costs of Goods and Delivery 261,149 281,642 (20,493)

Gross Profit on Other Publishing Items 515,827 423,668 92,159

Total Gross Profit 1,993,516 1,948,915 44,601

COSTS AND EXPENSES

Editorial Costs 633,798 605,089 28,709

Circulation and Business 904,466 905,135 (669)

General and Administrative 150,547 196,488 (45,941)

Total Costs and Expenses 1,688,811 1,706,712 (17,901)

Interest Income 10,500 14,800 (4,300)

Excess of Revenue over Expenses 315,205 257,003 58,20226

A.A. GRAPEVINE—STATEMENTS OF ACTIVITIES AVERAGE CIRCULATION 77,126 78,760 (1,634)

Online 5,175 4,653 522

2013ACTUAL

2013BUDGET

INCREASE(DECREASE)

Magazine Income $2,242,363 $2,200,256 $42,107

Direct Costs: Magazine 764,674 815,296 (50,622)

Gross Profit on Magazine 1,477,689 1,384,960 92,729

Other Publishing Income 776,976 704,320 72,656

Costs of Goods and Delivery 261,149 269,421 (8,272)

Gross Profit on Other Publishing Items 515,827 434,899 80,928

Total Gross Profit 1,993,516 1,819,859 173,657

COSTS AND EXPENSES

Editorial Costs 633,798 697,989 (64,191)

Circulation and Business 904,466 918,757 (14,291)

General and Administrative 150,547 207,459 (56,912)

Total Costs and Expenses 1,688,811 1,824,205 (135,394)

Interest Income 10,500 16,300 (5,800)

Excess of Revenue over Expenses 315,205 11,954 303,25127

0

20,000

40,000

60,000

80,000

100,000

120,000

140,00019

7419

7519

7619

7719

7819

7919

8019

8119

8219

8319

8419

8519

8619

8719

8819

8919

9019

9119

9219

9319

9419

9519

9619

9719

9819

9920

0020

0120

0220

0320

0420

0520

0620

0720

0820

0920

1020

1120

1220

13

Subscriptions

AA Grapevine Circulation: 1974-2013

28

GV OTHER PUBLISHING GROSS REVENUETitles 2013 $ 2012 $ 2011 $

Language of The Heart $103,774 $ 76,116 $ 78,356

Emotional Sobriety - Vol. I & II 87,005 95,414 92,601

One on One 73,483 - -

No Matter What 57,067 - -

All others * 455,647 533,780 469,068

Total 776,976 705,310 640,025

*2013 and 2012 include $32,734 and $24,150 of sales of E-books, respectively.

29

A.A. GRAPEVINE—STATEMENTS OF ACTIVITIES AVERAGE CIRCULATION 77,126 73,401 (3,725)

Online 5,175 4,561 (614)

2013ACTUAL

2014 BUDGET

INCREASE(DECREASE)

Magazine Income $2,242,363 $2,132,851 $(109,512)

Direct Costs: Magazine 764,674 750,733 (13,941)

Gross Profit on Magazine 1,477,689 1,382,118 (95,571)

Other Publishing Income 776,976 787,557 10,581

Costs of Goods and Delivery 261,149 266,556 5,407

Gross Profit on Other Publishing Items 515,827 521,001 5,174

Total Gross Profit 1,993,516 1,903,119 (90,397)

COSTS AND EXPENSES

Editorial Costs 633,798 687,117 53,319

Circulation and Business 904,466 926,280 21,814

General and Administrative 150,547 207,290 56,743

Total Costs and Expenses 1,688,811 1,820,687 131,876

Interest Income 10,500 11,800 1,300

Excess of Revenue over Expenses 315,205 94,232 (220,973)30

LA VIÑA—STATEMENTS OF ACTIVITIESAverage Circulation 8,982 9,160 10,145

2011ACTUAL

2012ACTUAL

2013 ACTUAL

INCOME

Subscription Income $98,135 $96,892 $106,960

Back Issues 8,428 10,378 9,590

Magazine Income 106,563 107,270 116,550

Income from Related Items 22,761 16,210 10,721

Total La Viña Income 129,324 123,480 127,271

Total Direct Costs 58,596 58,015 63,737

Gross Profit 70,728 65,465 63,534

COSTS AND EXPENSES

Editorial Costs 84,507 113,828 130,546

Circulation and Business 54,792 65,610 73,022

General and Administrative 1,152 1,847 2,510

Total Costs and Expenses 140,451 181,285 206,078

Shortfall between Revenue and Expenses (69,723) (115,820) (142,544)

Support from General Service Board General FundNet

69,723

0

115,820

0

142,544

0

31

0

2,000

4,000

6,000

8,000

10,000

12,000

1997 1999 2001 2003 2005 2007 2009 2011 2013

La Vina Sales and Circulation

LA VIÑA SALES AND CIRCULATION

32

($160,000)

($140,000)

($120,000)

($100,000)

($80,000)

($60,000)

($40,000)

($20,000)

$0

La Vina

LA VIÑA—SHORTFALL BETWEEN REVENUE AND EXPENSES

33

Obligations Funded Unfunded

12/31/2012 12/31/2013 12/31/2012 12/31/2013 12/31/2012 12/31/2013

Pension $29.9m $27.7m $19.5m $24.1m $10.4m $3.6m

Medical 5.9m 5.7m 2.0m 2.7m 3.9m 3.0m

35.8m 33.4m 21.5m 26.8m 14.3m 6.6m

A.A. PENSION AND POSTRETIREMENT MEDICAL

Notes:1. From 2012 to 2013 the combined Obligations decreased by $2.4m2. From 2012 to 2013 the combined Funded Status increased by $5.3m3. From 2012 to 2013 the combined Unfunded Status decreased by $7.7m

34

PENSION PLAN LIABILITY Pension Protection Act (PPA) Moving Ahead for Progress in the 21St

Century Act (MAP – 21)Minimum Funding Requirements

Statement of Financial Accounting Standards No. 87 – Accounting for Post-Retirement Benefits, as amended

35

PENSION PLAN LIABILITY 2011 2012 2013

Actives 87 84 82

Vested & Terminated 47 45 43

Retirees & Beneficiaries 60 68 70

Total 194 197 195

Average Payroll $67,300 $70,200 $70,700

Benefits Paid 985,257 1,014,838 1,086,724

Cash Pension Costs Charged to Operating Expenses

1,678,750 1,812,250 2,105,000

36

Estimated benefits over next 5 years:2014 – 1,375,9672015 – 1,501,1492016 – 1,544,5862017 – 1,564,0952018 – 1,580,950

2013 2012

Projected Benefit Obligation – 1/1 29,874,320 27,189,259

Service & Interest Costs 1,925,108 1,985,114

Benefits Paid 1,086,724 1,014,838

Actuarial (Gains)/Losses (3,054,213) 1,714,785

Projected Benefit Obligation – 12/31 27,658,491 29,874,320

Plan Assets – 1/1 19,505,597 16,895,502

Return on Plan Assets 3,564,880 1,812,683

Employer Contributions 2,105,000 1,812,250

Benefits Paid (1,086,724) (1,014,838)

Plan Assets – 12/31 24,088,753 19,505,597

Net – Unfunded Status (3,569,738) (10,368,723)

37

PROJECTED PENSION BENEFIT OBLIGATION

RESERVE FUND

38

Contributions

Literature

F

E

L

L

O

W

S

H

I

P

G

S

B

R

E

S

E

R

V

E

F

U

N

D

Cash Flow ExcessSpecial ProjectsBudget Deficit

GENERAL SERVICE OFFICE

39

G.S.O

Subscriptions

Other Publishing

F

E

L

L

O

W

S

H

I

P

G

S

B

R

E

S

E

R

V

E

F

U

N

D

Cash Flow Excess

Special Projects

Budget Shortfall

GRAPEVINE

40

G.V.

RESERVE FUND Reserve Fund Balance

• December 31, 2012 - $15,353,752 – Annual earnings - $138,650• December 31, 2013 - $15,301,653 – Annual earnings - $ 94,824

INVESTMENT GUIDELINES

“Minimum Requirement”

To assure the liquidity, the Reserve Fund shall contain investment instruments having maturities of

one year or less in an amount equal to the sum of (a) the unearned Grapevine subscription liability

and (b) the operating cash requirements of the service entities. This amount will be reviewed

annually by the trustees’ Finance and Budgetary Committee.

“No More Than”

The balance of the Reserve Fund shall be invested in instruments with maturities of between zero (0)

and ten (10) years, provided that at no time shall more than 50% of the principal amount of such

balance consist of investments having maturity dates of five or more years.

41

THE GENERAL SERVICE BOARD—RESERVE FUND12-31-2009 12-31-2010 12-31-2011 12-31-2012 12-31-2013

Balance available to cover Operating Expenses

$12,135,909* $14,368,427* $15,296,921 $15,353,752 $15,301,653

Operating Expenses 15,327,092 15,271,820 15,408,284 16,228,337 16,879,552

Number of months covered 9.5 11.3 11.9 11.4 10.9

Groups 61,581 62,873 63,845 64,414 64,694Membership 1,358,879 1,373,681 1,384,699 1,388,727 1,389,602

Equivalent Balance per Group

197.07 228.53 239.59 238.36 236.52

Equivalent Balance per Member

8.93 10.46 11.05 11.06 11.01

By Conference action, the “Prudent Operating Reserve” was defined as an amount equal to the preceding year’s combined operating expenses of A.A. World Services, A.A. Grapevine and the General Fund of the General Service Board. Operating expenses include “office and operating expenses” and do not include the Cost of Products or Manufacturing cost.

*Includes pending transfer

42

KEY ACTIONS TO MAINTAINING THE RESERVE FUND

Restored the price of the Big Book in July 2004 by raising the price by $1.

Announced increases in certain book prices and handling charges effective July 1, 2005.

Price increases July 2009 and October 2014 for long term fiscal health.

Transfer of funds in 2014 to partially fund Pensions Plan Liability and lower future operating costs.

43

TRUSTEES’ FINANCE REPORT G.S.O. 2014 Balance Budget

• Place continuing emphasis on Self-Support by Fellowship• Literature price increases (selected items)• Printing of commemorative Edition (First printing of the Big Book)

G.S.O. 2015• 2014 revenue increases should continue

FOCUS: Self-Support as sustainable revenue for A.A.’s future

Appreciation for Fellowship’s responses to contributions and to our Birthday Plan.

Grapevine assumptions:

1. 2014 projections show positive (with 2015 turning negative) results assuming that current

restrictions on engagement activities remain in place.

2. Print subscriptions are projected to continue to decline in the absence of recommended

communications activities and organization—wide support.

3. Potential for digital subscription growth, including the possibility of the replacement of print

subscription fall-off, is also affected by Assumptions 1 and 2.

44

A.A. INTERNATIONAL CONVENTIONSATLANTA

2015SAN ANTONIO

2010TORONTO

2005MINNEAPOLIS

2000

ATTENDANCE 50,000 EST 52,383 42,500 47,500

PRICE/PERSON $100 - $110 $95 - $110 $85 - $95 $85 - $95

REVENUES 5,100,000 5,212,650 3,919,332 4,108,388

EXPENSES 5,020,000 4,368,105 3,958,372 3,110,804

NET 80,000 844,545 (39,040) 997,584

45

GENERAL SERVICE BOARDFINANCIAL SUMMARY OF OPERATIONS 12-31-13

G.S.O.GENERAL

FUND

THE A.A.W.S.

PUBLISHING

THE A.A.

GRAPEVINE LA VIÑA

2013COMBINED

ACTUAL2014

BUDGET

REVENUE

Net Sales $12,604,719 $3,019,339 $127,270 $15,751,328 $17,755,686

Contributions $6,906,371 6,906,371 7,000,000

Interest 114 390 10,500 11,004 12,200

TOTAL REVENUE 6,906,485 12,605,109 3,029,839 127,270 22,668,703 24,767,886

EXPENSES

Printing 2,962,241 402,183 33,544 3,397,968 4,010,111

Royalties 27,840 27,840 38,870

Shipping & Warehouse 1,505,296 623,640 30,192 2,159,128 2,514,861

Program Expenses 5,751,387 3,200,822 1,097,907 206,078 10,256,194 10,859,707

Supporting Services 3,756,195 2,276,259 590,904 6,623,358 7,096,236

TOTAL EXPENSES 9,507,582 9,972,458 2,714,634 269,814 22,464,488 24,519,785

NET INCOME (LOSS) OPERATIONS (2,601,097) 2,632,651 315,205 (142,544) 204,215 248,101

RESERVE FUND

Reserve Fund Balance at December 31 available to cover operating expensesOperating Expenses

15,301,65316,879,552

14,061,65317,993,843

Number of months Operating Expenses-approximate 10.9 9.4

*Excludes non-operating Funds: Reserve, Capital Projects, Pension, Post-Retirement Medical Benefits

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