Re: [AGA-sc] [AGA-conheads] Projections

["Karen Randall" <krandall@rdrcpa.biz>]

Do these figures meam that at some point it makes sense for us to pay for 
the extra regs, even if they aren't use, rather than take the penalty hit? 
It would seem so from the amounts you have mentioned.

Same thing with room nights.  How far off are we?  For an $8,000 loss, we 
could buy 80 room nights, right?

Karen

----- Original Message ----- 
From: "S. Hieber" <>
To: "Convention Planning" <aga-conheads@thekrib.com>
Sent: Wednesday, October 04, 2006 8:19 AM
Subject: Re: [AGA-conheads] Projections


> For those wondering why the big swings in financial results with what 
> might seem small diffs in the number of paid regs, the reason is that the 
> hotel contract was negotiated on and estimated turnout and there are 
> penalties in the form of charges for unsold roomnights and for the meeting 
> rooms if the thresholds are not met. In each case the charges are based on 
> proportional or sliding scales, so as you move move farther from the 
> threshold, the financial effects are greater. As you get closer to the 
> threshold, those charges dwindle down to nothing. So at 90 regs AGA2K6 is 
> estimated to about breakeven, at 80 it's estimated to have about a $3,000 
> loss and if the convention were held today, with 67 regs, a net loss of 
> over $8,000.
>
> Compounding this, the average number of roomnights reserved per paid 
> registrant is lower than it has been for other AGA conventions, which 
> means, for AGA2K6, we need more registrants to make our roomnight 
> threshold. Apparently, we aren't getting tourist extra-day stayovers that 
> we had hoped for. At this point, purely form a financial point of view, 
> it's really roomnights that will help more than the number of 
> registrations, although we are unlikely to get more of the former without 
> more of the latter.
>
> sh
>
> ----- Original Message ----
> From: S. Hieber <shieber@yahoo.com>
> To: aga-conheads <aga-conheads@thekrib.com>
> Sent: Tuesday, October 3, 2006 6:36:28 PM
> Subject: [AGA-conheads] Projections
>
>
> Right now, I'm projecting a financial breakeven if we hit 90 paid regs and 
> about a $3,000 net loss if we have ten less than that. We currently have 
> 67 paid regs, so hopefully we can pick up another 23 paid regs between now 
> and the convention.
>
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> aga-conheads@thekrib.com
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> 


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