Our total assets as of March 31, 2015, are $248,831.67. This is an increase of $5,035.23 since December 31, 2014, due primarily to our annual membership drive.
Between December 31, 2013, and December 31, 2014, assets rose $28,275.11. The primary reason for the increase had to do with action the board took to not hold a mid-year meeting and keep expenses down for the 2103 annual conference in a year in which the judiciary was undergoing budget challenges that impacted the annual conference attendance.
As an organization, NCBC is doing well financially. However, we continue to face difficult and unpredictable financial conditions as we plan for annual conferences in which the President obligates funds by signing hotel contracts 18 months prior to holding the event. There is considerable uncertainty in predicting attendance in light of the court’s funding challenges. If NCBC had to default on a hotel contract it would potentially exceed the assets on hand. We constantly monitor our expenses and continue to explore ways to increase revenues.
Your membership and continued support of NCBC is appreciated.
Hope to see you at the conference in Atlanta this August.