There were minor upward adjustments made to Staff and Board Travel, to account for anticipated new hires, 5% COLA, and increased travel. Conclusion Line Summary of 2025 Proposed Budget Projected 2025 Gross Revenues $8.6 million Projected Total Expenses for 2025: $8.1 million Projected 2025 Budget Net Revenues: approx. (+) $439,000 under budget For the remainder of 2024, the IGA has $1.9 million in cash, which is about $330,000 less than the same time last year in 2023. For FY 2024, the IGA currently projects to come in approximately $250,000 over budget. The goal for next few fiscal years will be to develop a reserve and continue to diversify our revenue generating income streams. Seventy (70%) percent of IGA’s revenues still is generated from the Tradeshow. We look forward to implementing new programs and membership outreach to diversify IGA’s income. The Deputy Executive Director and I will provide updates to the Chairman and elected officers as the programs are developed and of course provide full Board updates at our Annual and Mid-Year meetings in 2025. I look forward to 2025 and working with all of Indian Country, our member Tribal Nations, and sister organizations to continue the hard work of protecting tribal sovereignty and tribal economic self-sufficiency.
Jason Giles Executive Director
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