Attachment J2
Narrative report regarding the proposed 2011 Budget
Bill Gimpel, Treasurer
October 26, 2010
Fiscally, the All Star One Conference is healthy and in sound shape.
Thanks to Carl and Cheryl-Ann Sturken for running a great conference, the generosity of Dug Miller and Barb Denno, and the overwhelming support of the conferees at large, the 2010 Conference ended with a surplus of almost $4,000.
Our ability to conduct fund raising activities provided the Financial Assistance Committee with sufficient funds to award a total of $11,740 in assistance to many families that otherwise would not have been in a position to attend the 2010 conference.
There are a number of items to note regarding the proposed budget for 2011.
1. We propose to increase the registration fee by $5.00 to be allocated to the Financial Assistance Fund
2. The Miller grant of $1,000 has not been budgeted.
3. Two additional staff positions have been included in the budget.
4. It is hoped that Scott and Annie can hold the speaker expenses to $2,500.
5. The issue of Director’s and Officer’s insurance has been discussed by the Executive Committee and is reflected in this budget.
6. The additional registration fee (item 1, above) has been incorporated into the Financial Assistance Fund budget.
7. The projected deficit of $1,065 can be absorbed by our reserves.
ALSO NOTE:
There is also a proposal to increase the registration fee by $10. The additional $$$ would be allocated to the Financial Assistance Fund.
The disposition of the on Island 2010 Art Auction proceeds has not been finalized regarding the amount to give to the SIC Annual Fund and the amount to retain for the 2011 Financial Assistance Fund.
With an increase in registration fees we increase the amount we give to the Annual Fund.
See corresponding spread sheets.
Respectfully submitted,
Bill Gimpel, Treasurer ASI