Report from GAR Convention : Finance
While membership is expected to continue to lessen, there are good things happening at GAR. Costs are being controlled. Value is being delivered to local boards. GAR is extending a helping hand. While passing a budget that dips into reserves is always tough, most voting members are now seeing a light at the end of a long tunnel and are excited to make the investment.
Finance Committee Meeting
â€¢Approved a motion to accept 2012 proposed budget
â€¢Membership is expected to decrease 15-20% for FY 2012
â€¢Expenses have been reduced by $175,000 for FY 2012
â€¢5 Staff member positions have been reduced and responsibilities have been absorbed by the remaining staff. These positions are not expected to be filled in 2012.
â€¢The 2012 budget requires a net loss and reserve funds will be used.