The Budget

Yasmine A. Branden, CCA

NAWIC Vice President, 2011 – 2012YasmineB@neilkelly.com

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

sandykfield@comcast.net

Any NAWIC Officer or Dede Hughes, EVP Find us at www.nawic.org