NAFA Adopts 2011 Budget: Strong Financial Position For 2010, No Dues Increase For 2011
NAFA's Board of Governors recently adopted a 2011 operating budget that included no dues increase and no increase in annual conference registration or exhibit fees. The budget goes into effect January 1, 2011.
NAFA Treasurer Bryan Flansburg, CAFM, also announced that NAFA's 2010 financial position will be very strong.
"Despite the difficult economic times, we are projecting that NAFA will end the year 2010 in the black by some $164,000, which is more than $160,000 more than we anticipated," Flansburg said. "This is due, in large part, to the success of I&E in Detroit, where Expo and sponsorship revenue was much higher than budgeted. In addition, membership in NAFA is projected to increase 1 percent for the year, and our certification programs attracted a high number of new enrollments. Also, our aggressive budget cuts and savings in the areas of I&E, staff salaries and benefits, and board meetings also contributed to the year-end net gain."
Although NAFA is a not-for-profit organization, it is allowed to have net gains provided those gains are reinvested in the association's programs, services, or financial reserves. The 2010 net gain will enable NAFA to conduct business in 2011 without increasing rates for membership dues, conference registration, exhibits or other items.
The 2011 budget includes several new strategic initiatives, including:
- Advertising revenue on the I&E website.
- Launch of a Sustainable Fleet Certification Program.
- Debut of an organizational "Fleet Excellence" certification program.
- Sponsored webinars every six weeks, on average.
- No February or June Board meeting and an April Board meeting following I&E.
- Reinstatement of the chapter rebate program.
- Development of an online ‘Chapter Toolkit' to assist local chapters with meetings, functions, educational efforts, leadership succession, networking, and mentoring,
- Increased marketing and public relations to retain existing members and gain new members.
Flansburg developed the 2011 budget with the NAFA Finance Committee, consisting of NAFA President Chris Amos, CAFM, and NAFA Senior Vice President Doug Weichman, CAFM, along with NAFA Executive Director Phillip Russo, CAE, and NAFA Deputy Executive Director Patrick McCarren.
For more information or questions about the budget, contact Russo at prusso@nafa.org