Overview: (Detail Budget Attached) Revenue:
• Regular member dues are based on sales data therefore we expect dues to be flat. We do plan to increase dues by 3% as well as plan to see growth with new members outpacing member drops in the associate member area. • Rental income generated from the space on the second floor at OPEI HQ. The tenant extended the lease for another year (March 2025-2026). The original lease commenced in March 2018. • The Trade Show is recognized on an equity basis that is passed onto OPEI, or the parent company . D etails of the show are highlighted on following pages. Expenses: • Shipment reporting for Market Statistics data continues to enhance the reporting function and expand line items to provide greater value to our members. The popular member Marketing Statistics Forum will be held in the fall of 2025. May need to include additional fees for speakers. • This will be the first full year with our new forecasting vendor, The Farnsworth Group . • Annual Meeting to be held at the JW Marriott (Plant Riverside District) in Savannah, GA. • ISO meetings will be held in Italy. • Overall, anticipating normal travel and hosting committee meetings in 2025/2026. Some of the committee meetings are still held on Zoom. • Consumer Mower Working Group to continue research and working group to address CPSC concerns,$465,000 is allocated in the budget. • CPSC UTV Debris Penetration Rule, we have engage d with Mayer Brown to monitor and provide consulting as the issue arises. $275,000 is allocated in the budget. • EPA Wavier Challenge continues which is subject to EPA wavier reconsideration, Congress ional review, any any lawsuits that follow those potential decisions. $500,000 is allocated in the budget. • Miscellaneous technical/regulatory issues include but not limited to monitoring California water conservation, right to repair, PFAS legislation, and other issues that may arise. $140,000 is allocated in the budget. • Public Relations campaign s continue to focus on the benefits of backyarding and managed outdoor space. Louisville's Waterfront Park , which is home to the TurfMutt Great Lawn, has been selected as the Number 1 waterfront park in the nation. In addition, the Hearst educational television programing Lucky Dog and Mission: Unstoppable (that reaches millions of television, streaming, and social media viewers) offers additional exposure for the TurfMutt platform. We have allocated $480,000 for the $1.2 million project ($720,000 was advanced in FY25) and $500,000 for additional support to the K entucky Humane Society facility in the budget.
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