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Another step
I view this as yet another step in getting our financial house in order. The problem didn't appear overnight; expenditures exceeded revenues for a long time. Saving $250,000 will move us further down the recovery road.
The annual budget is something like $3.4 million so the $250K would be something like 6% to 7% of the budget. That is a significant savings. By not spending those dollars we can bring expenditures down to closer match revenue and that is something that we must do.
Cutting personnel costs was one tool that could be and indeed was used. Cutting the cost of the C&C is a cut in member services, but it is one that could be compensated for in some measure.
Some costs are fixed - we have to maintain the HQ building, we have to cover chapter visits and pay employees. Insurance must be obtained. conferences must be planned and paid for. true, the foundation covers some of these expenses, but not all of these expenses. The balance, the biggest part of the budget, comes from undergrad dues and we need to try and keep those reasonable if we can. Something else had to go and the printed C & C was it.
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