3rd Quarter Statement of Activity Budget v Actuals
ANNOTATIONS
REVENUE
Membership
$41, 946.22
Memberships are up over a conservative forecast, and this reflects some capturing of deferred revenue
from 2013.
Certification
-$39,140.95
This figure does not seem to track with experience, although some of the difference may be due to
overestimating some revenue categories in the budget forecast (particularly shipping). Payment for
several classes remain outstanding.
Other Training $14,106
We increased the number of webinars to two a month and they have generally been well-attended; in
addition, we had more social interpretation workshops than forecast.
National Conference $29,164.02
Registrations are up over last year.
International Conference
-$36,600
NAI did not plan this conference but left it to our Korean hosts. We did not have information in
order to market the conference in time.
Publications & Merchandise
$6,547.92
Generally purchases are ahead of forecast at this point; the better news is that a lot of our book sales
happen at the national conference each year.
Advertising
-$6,720.71
While initial ad sales by Multiview in the first year of our contract with them (last year) were robust,
this year has seen a decline. We budgeted less for next year.
Public Support -$6,270.71
The shortfall in anticipated contributions for the “$25 for 25 years” campaign may be made up with
the push at the national conference.
Other Revenue -$3,909.30
This is primarily a timing issue in receipt of rent payments.
EXPENSES
Member Services
$856.92
Mostly timing and the decision to go back to sending printed membership cards.
1
Certification Expense -$9,262.85
Reflects savings in many categories as staff strove to cut expenses.
Other Training Expense
$1,325.21
An increase in number of webinars offered brought an increase in webinar expenses.
National Conference Expense $19,244.18
A timing issue. Several conference expenses were pre-paid.
International Conference Expense
-$7,954.98
As we were not in charge of the conference this year, expenses were primarily paid by the Koreans
(who also received the bulk of the registration income).
Publications & Merchandise
$286.94
Higher shipping costs kept this category from showing cost savings. We conducted a review of our
shipping costs and options this summer and have signed on with a lower cost shipper (FedEx vs.
UPS).
Other Program Expense
$6,125.14
Two reasons for this increase in expenses: staff travel to the regional workshops which was not
forecast, and the opportunity to co-sponsor the Seminar for Historic Administration as an advocacy
move.
Salaries & Wages
-$375.86
Pretty much on target here. Slight variations vs. forecast due to change from biweekly to bimonthly
salary payments. We are also starting to see the savings from the elimination of the Business
Manager position.
Employee Benefits
-$16,265.77
We revised the NAI health plan to save the organization money while maintaining solid benefits
(primarily choosing a plan with a low deductible while adding dental and vision, thus allowing us to
do away with the health savings accounts).
Office Operations
$26,032.14
This is a problem for this year – in that we are in effect paying twice for accounting with the
outsourcing of accounting while paying severance. Also, the audit fee was higher as we strove to
achieve a comprehensive audit and address past errors.
Occupancy
-$26,484.60
Reflects overall cutting of expenses and a timing issue in the payment of property taxes.
Other Indirect Operating
$13,933.67
The decision was made to upgrade to iMIS 20, add two full users and address several problems in the
system caused by the first implementer – in addition to work on the certification module which had
been planned. This will yield savings going forward, as well as an enhanced system for both staff and
members.
Board Expenses$5,646.24
2
While we have cut meeting expenses, travel expenses have been above forecast. In addition, previous
budgets had not included Directors & Officers liability insurance under board expense but under
occupancy.
Development & Promotion
-$1,960.37
Expenses for travel for FICI meetings, etc. were lower than anticipated.4
Interest Expense
-$1,960.37
Primarily due to the renegotiation of the mortgage at lower interest. We continue to work on
reducing reliance on the Line of Credit.
3