Well, Advance the Colors'98 has come and gone. Financially, the convention really didn't have a significant impact on the chapter's treasury. Early in 1998, at the year's first board meeting, we agreed to keep ATC '98 as affordable to our members and guests as we could, with an eye towards increasing attendance. The cost of the convention site was some $1,100 higher than in 1997 (the hotel gave us a good deal last year). So, we knew we weren't going to make money this year. The Board agreed that our objective would be to "break even" for 1998, which, for all practical purposes, we did.

Please note that we still have a number of ATC'98 t-shirts left available for sale. This inventory reflects unrealized income for the convention. Although some might question whether the membership dues collected at the show should be counted as convention income, it is certain that at least some of our members may not otherwise have joined or renewed, had it not been for the convention.

In addition, paid advertising for "The Herald" continues to generate income. As the first step in planning for ATC'99, we have decided to place an ad for the convention in the Midwest Wargamers Association Newsletter (MWAN), which has a circulation of well over 1,000 historical gamers and potential attendees.

The first report below reflects treasury activity since the last report, as usual. The second report summarizes all transactions for Advance the Colors'98.

Summary of Treasury Activity (as of November 8, 1998)

Previous Treasury Balance $3,502.45

Income
Membership Dues $125.00
Advance the Colors'98 T-Shirt Sales $348.00
ATC '98 Dealer Table Payments $625.00
ATC'98 Cash Receipts $2,019.00
Herald Advertising $530.00

Expenses
Holiday Inn Cost ($3,246.34)
Printing & Postage for Herald #25 ($224.32)
ATC'99 Advertisement in MWAN ($60.00)
Bank Service Charge (for Sept & Oct) ($15.95)

Ending Balance $3,602.84

Advance the Colors '98 Financial Report

Income
Admissions: $1,242.00
Membership Dues: $640.00
Raffle: $192. 00
T-Shirt Sales: $408.00
Flea Market Tables: $18.00
Dealer Tables: $1,550.00
Total Income: $4,050.00

Expenses
Hotel Cost (including table rental) $3,246.34
PEL & Postcard Printing & Postage $349.30
T-Shirt Production Cost: $382.58
Misc. Printing, Postage, Office Supplies $101.50
Redeemed GM Coupons $20.00
Total Expenses: $4,099.72
Net Loss: ($49.72)