REDWOOD OWNER’S GROUP
2021 ANNUAL GENERAL MEETING
TREASURER’S REPORT – JEFF ROBINSON
It is my pleasure to provide the Treasurer’s Report for 2021.
Again this year we have decided to hold a virtual Annual National Rally (Rally). As a result, I am providing a written report rather than a verbal report at the in-person Rally.
As always, if there are any questions, you may address them to me at treasurer@redwoodrvowners.com. Send your question and I will do my best to answer them. All the best in 2021 and happy camping.
| 2019 | 2020 | 2021 | 2021 | |
| Actual | Actual | Budget (VR) | (YTD May) | |
| INCOME | $19,421 | $3,691 | $3,900 | $1,785 |
| Non-Rally Income | $4,801 | $3,681 | $3,900 | $1,785 |
| Rally Income | $14,620 | $10 | $0 | $0 |
| EXPENSE | $16,908 | $3,801 | $4,300 | $876 |
| Non-Rally Expense | $2,274 | $2,852 | $3,900 | $876 |
| Administration | $1,013 | $799 | $1,000 | $776 |
| Advertising/Marketing | $39 | $738 | $1,000 | $0 |
| Information Technology | $677 | $1,165 | $800 | $18 |
| Membership | $545 | $149 | $900 | $81 |
| Miscellaneous Expenses | $0 | $0 | $200 | $0 |
| Rally Expense | $14,634 | $949 | $400 | $0 |
| NET INCOME | $2,512 | -$110 | -$400 | $909 |
| BANK BALANCE | $15,298 | $15,188 | $14,788 | $16,097 |
Income
- Non-Rally
We budgeted for 168 members to join or renew this year for a total of $3600 (60 – 1 year @ $15 and 108 – 2 year @ $25). Year to date we have had 24 – 1 year @ $15, 55 – 2 year @ $25 and 1 industry membership @ $50 for a total of $1785. We also budgeted $200 when our members purchase by linking to Amazon through our website but year to date no-one had used our Amazon link.
- Rally
Since we have moved to a virtual rally again this year our budget income is set to zero.
Based on this, I expect that our income will end the year on budget.
Expenses
- Administration
This covers items like our liability insurance, state registration, our Good Sam mailbox, etc.. We have paid for most of these items already so I expect that we will end the year as much as $200 below our budget of $1000.
- Advertising/Marketing
This is funding set aside primarily for new ROG stickers. We purchased about 1000 stickers last year and we expect to do the same this year. We have not ordered anything yet, but I expect that we will spend our budget of $1000.
- Information Technology
This covers items like our website domain name, membership software, website hosting, etc.. To date we have only paid $18 for our website domain renewal so I expect that we will spend our budget of $800.
- Membership
This covers items like our new member packets, mailing and payment processing fees for new members. To date we have only paid $81 for payment processing fees (PayPal) and we have not ordered any member packets so I expect that we will spend our budget of $900.
- Miscellaneous Expenses
This is a catchall for any expenses that do not fit into the categories above. I expect that we may not spend any of our $200 budget this year.
- Rally
This year we have budgeted $400 for member prizes at the virtual Rally. This will be spent in July at Rally time. I expect that we will spend our budget of $400.
Net Income
Our net income is budgeted to be -$400 for 2021. Based on the information on Income and Expenses above, I expect that we will show a modest, positive income for 2021.
With the budgeted loss of $400 our bank account balance would remain healthy at $14,788 and may be slightly higher than that if we breakeven.