As of 5 January 2005, the club has $1,175.90 in checking and $360.51 in savings. We ended the year -1297.18. Major contributors to this were the unforecasted expenses for Siege2005 ($1,000 over budget), Reunion2004 and lower than expected attendance at Nashcon2004 (178 vs. 230). On the positive side we saved costs by cutting the Dispatch mailings to 6 a year (a savings of around $350.00 for 2004's budget) and the donation by Tim Mullen ($1,000) helped immensely. Proposed Budget for CY2005 Debits Printing and Postage: $1,440.00 Siege of Augusta: $2,000.00 Nashcon: $7,200.00 Reunion: $1,000.00 Misc $460.00 Total $12,100.00 Credits New & Renew Memberships (@240) $3,600.00 Siege of Augusta $2,350.00 Nashcon $6,500.00 Dispatch Ads (3x150) $450.00 Reunion $750.00 MagWeb.com $160.00 Misc $60.00 Total $13,920.00 Difference + $1,820.00 There are several reasons for the dramatic changes in revenue for 2005. First we went from a monthly newsletter to a bimonthly. This will represent a savings of about $1,100. Second, we have restructured our use of the facility for Nashcon that will reduce our rental fee almost $1,000. I show Nashcon as a loss for 2005 only because I have added extra funds ($1,000) for unexpected developments. If attendance is similar or greater than last year, (178 people), we look to at least break even. The revenue for Siege is based upon past performance. They are moving to a new facility this year at a higher cost that may not produce expected results. But, Siege has usually turned a profit. Reunion did not do well in 2004, attendance was poor (25) which made it not much more that an expensive game store gaming weekend using a rented facility. In the past we had provided either no seed monies or a limited amount, $300.00. Most of the profit generated at past Reunion is new and renewed memberships. MagWeb.com revenues are an up and down thing running between $40 to $60 dollars every 3 months. I do not know how the reduction of newsletters to six a year will affect this total, so I projected with a low side number. Good articles and items of interest submitted to the newsletters could also increase this number. Dispatch Ad revenue is based upon current number of ads shown in the Nov 2004 issue. Misc expenses cover petty cash fund, State of TN fees, unforeseen printing, postage and supply costs and potential request for seed monies for a local convention. Back to Dispatch March 2005 Table of Contents Back to Dispatch List of Issues Back to MagWeb Master Magazine List © Copyright 2005 by HMGS Mid-South This article appears in MagWeb.com (Magazine Web) on the Internet World Wide Web. Other articles from military history and related magazines are available at http://www.magweb.com