The revised draft 2010 FNPS budget is attached. Revisions have been made as suggested at the November BOD meeting. Note the comparisons between the 2010 proposed budget and actual YTD 2009, 2008, and 2007 budgets.
The 2010 budget needs final approval at the ExComm meeting tomorrow.
Briefly, we need to get MORE members, Increase dues, and/or both to generate more membership income.
To increase conference income, we need to increase number of Attendees, increase Registration fees, and/or get more sponsor income AND keep conference expenses flat.
We will be operating in the Red again this year without a major net revenue boost. FNPS can handle this shortfall again this year, but we need to seriously consider revenue generating options now to implement by 2011.
I've also attached the November Revenue and Expense summary. I had hoped to provide a December 2009 draft summary, but I didn't get the information in time for this meeting.
Note, in November, some of the Contract Services amounts were reclassified to the correct budget categories. This is why there are some negative values for November. However the YTD values now accurately reflect contractor activities and these values will be correctly attributed from now on.
Respectfully submitted,
Daphne Lambright
