Summary of 2000 -- 2002 (fwd)

[Erik Olson <erik@thekrib.com>]

David sent this, and I want to share it with the board (my comments 
follow).  

---------- Forwarded message ----------
Date: Sat, 22 Nov 2003 15:02:01 -0500
From: David Lass <davidlass@villasunscape.com>
To: Scott Heiber <shieber@yahoo.com>, Erik Olson <erik@thekrib.com>
Subject: Summary of 2000 -- 2002

Hi guys -- 
Going over the annual reports for the past 3 years (2000 -- 2002) this is what 
I come up with.

      AGA -- Summary of 2000 -- 2002   
      Year  Starting balance   Ending Balance   Delta this year   Cumulative 
Delta  
      2000  $     29,391   $ 31,756   $   2,365   $      2,365  
      2001  $     31,756   $ 37,326   $   5,570   $      7,935  
      2002  $     37,326   $ 16,033   $(21,292)  $    (13,357) 
         
         

We took two big hits in 2002 because:
1) We had virtually no TAG expenses in 2001, and jumped to $25k in TAG expenses 
in 2002
2) We bot $7,500 of PAM's in 2002.

----end forwarded message------

Thanks David.  These are the numbers I really needed to see at the board
meeting, so I appreciate the work today.  For the rest of you, this
underscores what I've been trying to push... we are *not* in good shape at
the moment.  We are closing the gap, but it is not near closed yet. Having
$17k in the bank means that we have 2-3 TAGs of cushion remaining, and
this money is used for other things than TAG: new books, ribbons, next
year's convention expenses.  David sent me a budget spreadsheet which
shows clearly we'll be losing around $6000 next year if we continue at our
current expenditures, membership and ad revenue (it includes $2000 income
from the convention).  I think it may be time to start talking how we can
reduce that gap further, but since Karen's out for a while, maybe everyone
just start "thinking" for now and we'll talk in a few weeks.

Thanks for listening, and now I'm going back to simple things (editing the 
convention video)

  - Erik

-- 
Erik Olson
erik at thekrib dot com


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