Member Update: Proposed 2014-2015 Budget
May 22, 2014
Dear AWA Members:
As your Board, we want to express our thanks to those who attended the May 20th information meeting on the 2014/15 proposed budget. Given the interest and engagement at that meeting, it is clear that AWA is an incredible organization filled with passionate, committed members, which makes us truly unique.
The Board, among other actions, had recommended in the proposed budget, sent to members on May 15, to allocate estimated direct costs associated with office staff time spent on specific fundraising events for the 2014/15 budget.
We also intended that office staff begin tracking their time for specific fundraising events so that actual hours will be reflected (vs. estimated) for the 2014/2015 financial year.
Members at the meeting did not favorably receive this budget proposal and we listened.
As a result, the Board is re-visiting the proposed 2014/2015 budget and is withdrawing the current budget proposal.
At our next Board meeting on May 28th, the Board will review alternative budget scenarios and propose one or more new budget scenarios for member consideration. As we need to have a budget in place by the end of the fiscal year, June 30th, we will need to host a subsequent General Meeting in June to obtain member approval for a new proposed budget. Further details in terms of notification to members and the meeting date and time in accordance with our Articles of Association will be communicated once the board has discussed and approved alternative new budget scenarios.
The AWA Board has worked diligently to come up with solutions to the budget shortfall and looked at many options. We value all your input and thank you for taking the time to speak with us and send your suggestions, which we plan to discuss further.
Thank you again for all your feedback and comments.
The AWA Board