• Audit fees continue to increase as it includes the Equip Expo. • Computer equipment is aging for the conference room and looking to replace. $65,000 would be depreciated over five to six years. It was initially installed in 2018. • IT includes an upgrade for the membership software, assessment of current IT support services and policy and procedures to be in compliance with cyber insurance requirements and increase costs for accounting system support and subscription licenses. Reserves: • Audited Net Assets = $11,328,084 as of August 31, 2024 (consolidated) • Projected Net Assets for August 31, 2025 = $11,594,300. • Budget Net Assets for August 31, 2026 = $12,109,018 (with investments and consolidated with Equip Expo)
Action Requested : Approve the OPEI and Equip Exposition budget for FY26 (Sept. 2025- Aug. 2026) .
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